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[{"start": "00:00:00", "end": "00:00:03", "text": "Bitcoin is here to stay. That's what we"}, {"start": "00:00:02", "end": "00:00:05", "text": "feel. That's what we believe."}, {"start": "00:00:03", "end": "00:00:08", "text": ">> Some incredible things are happening"}, {"start": "00:00:05", "end": "00:00:11", "text": "right now in crypto that most people"}, {"start": "00:00:08", "end": "00:00:11", "text": "still do not realize. The inflows are"}, {"start": "00:00:11", "end": "00:00:13", "text": "increasing."}, {"start": "00:00:11", "end": "00:00:16", "text": ">> Even the big sovereign wealth funds,"}, {"start": "00:00:13", "end": "00:00:17", "text": "it's not are you in Bitcoin, it's how"}, {"start": "00:00:16", "end": "00:00:20", "text": "much are you allocated."}, {"start": "00:00:17", "end": "00:00:23", "text": ">> Spot Bitcoin ETFs attracted nearly $1"}, {"start": "00:00:20", "end": "00:00:25", "text": "billion on Monday, the ninth largest"}, {"start": "00:00:23", "end": "00:00:28", "text": "inflow ever. And the amount of money"}, {"start": "00:00:25", "end": "00:00:31", "text": "that went into Bitcoin on one day, like"}, {"start": "00:00:28", "end": "00:00:33", "text": "right here, rivaled the amount of money"}, {"start": "00:00:31", "end": "00:00:37", "text": "that was coming into Bitcoin near"}, {"start": "00:00:33", "end": "00:00:39", "text": "all-time highs. Meaning inflows like"}, {"start": "00:00:37", "end": "00:00:43", "text": "here are exploding just like around"}, {"start": "00:00:39", "end": "00:00:46", "text": "here. CEO of Calamos Investments, who"}, {"start": "00:00:43", "end": "00:00:49", "text": "manages tens of billions of dollars,"}, {"start": "00:00:46", "end": "00:00:51", "text": "explains why Bitcoin is here to stay and"}, {"start": "00:00:49", "end": "00:00:53", "text": "more money will continue to flow in."}, {"start": "00:00:51", "end": "00:00:56", "text": "Also, more altcoins are starting to wake"}, {"start": "00:00:53", "end": "00:00:57", "text": "up. Here are the next ones. But let's"}, {"start": "00:00:56", "end": "00:00:58", "text": "watch this about 60-second clip, then"}, {"start": "00:00:57", "end": "00:01:00", "text": "I'll react."}, {"start": "00:00:58", "end": "00:01:03", "text": ">> Bitcoin is here to stay. That's what we"}, {"start": "00:01:00", "end": "00:01:08", "text": "feel. That's what we believe. Um I think"}, {"start": "00:01:03", "end": "00:01:11", "text": "that just because uh the act didn't pass"}, {"start": "00:01:08", "end": "00:01:14", "text": "uh last week. Um I think the Clarity"}, {"start": "00:01:11", "end": "00:01:17", "text": "Act, I think the SEC the next day made"}, {"start": "00:01:14", "end": "00:01:19", "text": "some rulings uh where uh it's helped"}, {"start": "00:01:17", "end": "00:01:21", "text": "Bitcoin and we've seen it gone up in"}, {"start": "00:01:19", "end": "00:01:23", "text": "price instead of down. I think the weak"}, {"start": "00:01:21", "end": "00:01:26", "text": "players are out of the market and I"}, {"start": "00:01:23", "end": "00:01:27", "text": "think, you know, we're gonna see a cycle"}, {"start": "00:01:26", "end": "00:01:29", "text": "in the next three months, even though it"}, {"start": "00:01:27", "end": "00:01:32", "text": "might take a little bit of a breather"}, {"start": "00:01:29", "end": "00:01:35", "text": "here really go up. You it trades in like"}, {"start": "00:01:32", "end": "00:01:38", "text": "four year cycles. Um, and in October"}, {"start": "00:01:35", "end": "00:01:40", "text": "should be the the low of the that four"}, {"start": "00:01:38", "end": "00:01:42", "text": "years where we start to see the rise"}, {"start": "00:01:40", "end": "00:01:45", "text": "again for the next four years. So,"}, {"start": "00:01:42", "end": "00:01:47", "text": ">> I think that Bitcoin is uh definitely an"}, {"start": "00:01:45", "end": "00:01:49", "text": "allocation that most portfolios are"}, {"start": "00:01:47", "end": "00:01:51", "text": "starting to have. even the big sovereign"}, {"start": "00:01:49", "end": "00:01:53", "text": "wealth funds, it's not are you in"}, {"start": "00:01:51", "end": "00:01:54", "text": "Bitcoin, it's how much are you"}, {"start": "00:01:53", "end": "00:01:57", "text": "allocated? And if we had this"}, {"start": "00:01:54", "end": "00:01:59", "text": "conversation a year ago with the biggest"}, {"start": "00:01:57", "end": "00:02:01", "text": "banks in the world, JP Morgan, Morgan"}, {"start": "00:01:59", "end": "00:02:05", "text": "Stanley, and all that, they did not want"}, {"start": "00:02:01", "end": "00:02:06", "text": "to participate. And now, um, they're in"}, {"start": "00:02:05", "end": "00:02:08", "text": "and they're participating. They're"}, {"start": "00:02:06", "end": "00:02:11", "text": "lending against it and everything else."}, {"start": "00:02:08", "end": "00:02:12", "text": "So, it's here. It's here to stay. It's a"}, {"start": "00:02:11", "end": "00:02:15", "text": "long-term hold."}, {"start": "00:02:12", "end": "00:02:17", "text": ">> What about the altcoins? Understanding"}, {"start": "00:02:15", "end": "00:02:19", "text": "this chart will truly make you a better"}, {"start": "00:02:17", "end": "00:02:22", "text": "trader investor. And as we understand"}, {"start": "00:02:19", "end": "00:02:24", "text": "this, make sure you use an exchange that"}, {"start": "00:02:22", "end": "00:02:26", "text": "allows you to have an edge over your"}, {"start": "00:02:24", "end": "00:02:29", "text": "peers when you're trading. This is with"}, {"start": "00:02:26", "end": "00:02:31", "text": "new exchange partner Liquid, which is"}, {"start": "00:02:29", "end": "00:02:35", "text": "one app, every market. I'm talking"}, {"start": "00:02:31", "end": "00:02:37", "text": "stocks, commodities, crypto, prediction"}, {"start": "00:02:35", "end": "00:02:40", "text": "markets, pre-IPO companies like"}, {"start": "00:02:37", "end": "00:02:43", "text": "Anthropic, OpenAI, one app for truly"}, {"start": "00:02:40", "end": "00:02:46", "text": "every market. This gives me an edge"}, {"start": "00:02:43", "end": "00:02:49", "text": "because I can trade 24/7. I can trade"}, {"start": "00:02:46", "end": "00:02:52", "text": "exactly when news breaks. Even if it's"}, {"start": "00:02:49", "end": "00:02:54", "text": "after hours at night or on a weekend, I"}, {"start": "00:02:52", "end": "00:02:57", "text": "can do that because it's decentralized."}, {"start": "00:02:54", "end": "00:02:59", "text": "It's non-custodial. There is no KYC."}, {"start": "00:02:57", "end": "00:03:02", "text": "Actually, Liquid is growing like crazy."}, {"start": "00:02:59", "end": "00:03:05", "text": "Liquid just had its biggest week ever in"}, {"start": "00:03:02", "end": "00:03:08", "text": "trading volume and had its first user"}, {"start": "00:03:05", "end": "00:03:10", "text": "hit $1 million in lifetime profit and"}, {"start": "00:03:08", "end": "00:03:14", "text": "loss. Trade with Altcoin Daily and grab"}, {"start": "00:03:10", "end": "00:03:17", "text": "a $25 bonus with a deposit of $100 plus"}, {"start": "00:03:14", "end": "00:03:19", "text": "10% off trading fees only with code"}, {"start": "00:03:17", "end": "00:03:22", "text": "altcoin daily or the link down below."}, {"start": "00:03:19", "end": "00:03:24", "text": "And this chart is pretty eye opening and"}, {"start": "00:03:22", "end": "00:03:27", "text": "lets me understand where we are in the"}, {"start": "00:03:24", "end": "00:03:30", "text": "cycle. Most altcoin holders are still"}, {"start": "00:03:27", "end": "00:03:32", "text": "sitting on losses. The median coin,"}, {"start": "00:03:30", "end": "00:03:34", "text": "meaning the average cryptocoin that has"}, {"start": "00:03:32", "end": "00:03:38", "text": "a lot of hodlers out there, has less"}, {"start": "00:03:34", "end": "00:03:41", "text": "than a quarter of its supply in profit."}, {"start": "00:03:38", "end": "00:03:43", "text": "Global market tops tend to occur once"}, {"start": "00:03:41", "end": "00:03:47", "text": "the majority of supply across the entire"}, {"start": "00:03:43", "end": "00:03:48", "text": "market is deep in profit. That point is"}, {"start": "00:03:47", "end": "00:03:51", "text": "still a long way off. So, what did I"}, {"start": "00:03:48", "end": "00:03:53", "text": "just say? I said that global market tops"}, {"start": "00:03:51", "end": "00:03:56", "text": "tend to happen when the majority of"}, {"start": "00:03:53", "end": "00:03:58", "text": "altcoin holders are in profit, feeling"}, {"start": "00:03:56", "end": "00:04:01", "text": "good. It's a little euphoric. We're not"}, {"start": "00:03:58", "end": "00:04:03", "text": "there yet. So, altcoin investors are"}, {"start": "00:04:01", "end": "00:04:05", "text": "still in the red. We see three lines"}, {"start": "00:04:03", "end": "00:04:08", "text": "right here. The black one, which is kind"}, {"start": "00:04:05", "end": "00:04:12", "text": "of hard to see, is the Bitcoin price."}, {"start": "00:04:08", "end": "00:04:14", "text": "The orange line is BTC percent in"}, {"start": "00:04:12", "end": "00:04:16", "text": "profit. How many Bitcoin holders are in"}, {"start": "00:04:14", "end": "00:04:19", "text": "profit? And then the blue line"}, {"start": "00:04:16", "end": "00:04:22", "text": "represents the median of 500 coins."}, {"start": "00:04:19", "end": "00:04:25", "text": "Also, this goes from January of 2021 to"}, {"start": "00:04:22", "end": "00:04:27", "text": "where we are today. So, over 5ear span."}, {"start": "00:04:25", "end": "00:04:30", "text": "We are not close to topping from the"}, {"start": "00:04:27", "end": "00:04:32", "text": "altcoin holders in profit today. Not"}, {"start": "00:04:30", "end": "00:04:35", "text": "saying there won't be pullbacks. There"}, {"start": "00:04:32", "end": "00:04:37", "text": "will be. There are always pullbacks in"}, {"start": "00:04:35", "end": "00:04:39", "text": "bull markets, but this is not a global"}, {"start": "00:04:37", "end": "00:04:41", "text": "market top based on the data. And you"}, {"start": "00:04:39", "end": "00:04:42", "text": "may be saying, Austin, while I"}, {"start": "00:04:41", "end": "00:04:46", "text": "understand why altcoins are not doing"}, {"start": "00:04:42", "end": "00:04:47", "text": "that well, clarity failed. Legislating"}, {"start": "00:04:46", "end": "00:04:50", "text": "crypto in the United States for the"}, {"start": "00:04:47", "end": "00:04:53", "text": "first time ever, that failed. Bloomberg"}, {"start": "00:04:50", "end": "00:04:56", "text": "Intelligence's senior US policy analyst"}, {"start": "00:04:53", "end": "00:04:58", "text": "Nathan Dean explains that what the SEC"}, {"start": "00:04:56", "end": "00:05:01", "text": "and CFTC are doing right now by"}, {"start": "00:04:58", "end": "00:05:04", "text": "tokenizing everything, making the rules"}, {"start": "00:05:01", "end": "00:05:06", "text": "themselves of Congress couldn't, it's"}, {"start": "00:05:04", "end": "00:05:08", "text": "not as sticky as if they would have"}, {"start": "00:05:06", "end": "00:05:11", "text": "passed laws, the legislation, but what"}, {"start": "00:05:08", "end": "00:05:14", "text": "the SEC is doing is stickier, at least"}, {"start": "00:05:11", "end": "00:05:16", "text": "for 5 years, than most people realize."}, {"start": "00:05:14", "end": "00:05:18", "text": "Let's watch. Um, but essentially it's"}, {"start": "00:05:16", "end": "00:05:21", "text": "setting up the future for this crypto"}, {"start": "00:05:18", "end": "00:05:23", "text": "world. Now, the problem here is is that"}, {"start": "00:05:21", "end": "00:05:24", "text": "this is all just guidance rulemakings. A"}, {"start": "00:05:23", "end": "00:05:26", "text": "future Democrat can change this and"}, {"start": "00:05:24", "end": "00:05:28", "text": "alter it. That's why the Clarity Act was"}, {"start": "00:05:26", "end": "00:05:30", "text": "so important. But if you play out the"}, {"start": "00:05:28", "end": "00:05:32", "text": "game, look, a Democrat would have to win"}, {"start": "00:05:30", "end": "00:05:34", "text": "in 2028. A Democrat would have to name"}, {"start": "00:05:32", "end": "00:05:36", "text": "an SEC chair that would want to unwind"}, {"start": "00:05:34", "end": "00:05:38", "text": "these. Democrat would then have to go"}, {"start": "00:05:36", "end": "00:05:40", "text": "through the rulemaking process. So, you"}, {"start": "00:05:38", "end": "00:05:42", "text": "get about four to five years of quote"}, {"start": "00:05:40", "end": "00:05:44", "text": "unquote clarity for the industry to"}, {"start": "00:05:42", "end": "00:05:46", "text": "essentially cement its status. That's"}, {"start": "00:05:44", "end": "00:05:48", "text": "what the crypto sector is saying now is"}, {"start": "00:05:46", "end": "00:05:50", "text": "look, we got four years to figure this"}, {"start": "00:05:48", "end": "00:05:51", "text": "out. Let's figure it out. Let's get in a"}, {"start": "00:05:50", "end": "00:05:53", "text": "way that makes it so difficult the"}, {"start": "00:05:51", "end": "00:05:53", "text": "Democrats can't unwind it if they want"}, {"start": "00:05:53", "end": "00:05:55", "text": "to. Okay,"}, {"start": "00:05:53", "end": "00:05:55", "text": ">> so that's why there's a lot of optimism"}, {"start": "00:05:55", "end": "00:05:58", "text": "right now."}, {"start": "00:05:55", "end": "00:06:02", "text": ">> And what are the altcoins with potential"}, {"start": "00:05:58", "end": "00:06:06", "text": "making news? Zcash gets first European"}, {"start": "00:06:02", "end": "00:06:08", "text": "ETP following US ETF launch. So what"}, {"start": "00:06:06", "end": "00:06:10", "text": "happened to Zcash in the US? Meaning"}, {"start": "00:06:08", "end": "00:06:12", "text": "they got an ETF and now the same thing's"}, {"start": "00:06:10", "end": "00:06:16", "text": "happening in Europe. 21 shares listed"}, {"start": "00:06:12", "end": "00:06:18", "text": "physically backed Zcash and EtherFi"}, {"start": "00:06:16", "end": "00:06:21", "text": "products on Euron next Paris and"}, {"start": "00:06:18", "end": "00:06:23", "text": "Amsterdam as issuers broaden their"}, {"start": "00:06:21", "end": "00:06:25", "text": "offerings beyond major cryptos. Now, of"}, {"start": "00:06:23", "end": "00:06:27", "text": "course, these European markets are not"}, {"start": "00:06:25", "end": "00:06:30", "text": "as big as the United States market. So,"}, {"start": "00:06:27", "end": "00:06:33", "text": "we shouldn't expect as big of a pop, but"}, {"start": "00:06:30", "end": "00:06:35", "text": "this just shows on being opened up and"}, {"start": "00:06:33", "end": "00:06:38", "text": "demand faucets, new demand faucets"}, {"start": "00:06:35", "end": "00:06:40", "text": "coming into market. Big news for"}, {"start": "00:06:38", "end": "00:06:44", "text": "decentralized AI, specifically a subnet"}, {"start": "00:06:40", "end": "00:06:49", "text": "on Bit Tensor called Shootes. Shoots"}, {"start": "00:06:44", "end": "00:06:52", "text": "opens 6.12 billion AI requests for"}, {"start": "00:06:49", "end": "00:06:54", "text": "Harvard research to help build better"}, {"start": "00:06:52", "end": "00:06:57", "text": "AI. So these are some of the smartest"}, {"start": "00:06:54", "end": "00:07:01", "text": "minds on Earth. Harvard choosing Bit"}, {"start": "00:06:57", "end": "00:07:04", "text": "Tensor. Harvard researchers analyzed"}, {"start": "00:07:01", "end": "00:07:07", "text": "6.12 billion AI requests from shoots"}, {"start": "00:07:04", "end": "00:07:09", "text": "that's subnet 64 uncovering insights"}, {"start": "00:07:07", "end": "00:07:11", "text": "that can make AI faster cheaper and more"}, {"start": "00:07:09", "end": "00:07:14", "text": "efficient. So essentially Harvard"}, {"start": "00:07:11", "end": "00:07:16", "text": "released to the public a massive data"}, {"start": "00:07:14", "end": "00:07:20", "text": "set and that data came from shoots"}, {"start": "00:07:16", "end": "00:07:23", "text": "subnet 64 a decentralized AI inference"}, {"start": "00:07:20", "end": "00:07:27", "text": "platform built on Bit Tensor. Shoots"}, {"start": "00:07:23", "end": "00:07:30", "text": "connects GPUs from independent providers"}, {"start": "00:07:27", "end": "00:07:32", "text": "all over the world into a shared"}, {"start": "00:07:30", "end": "00:07:35", "text": "computing network, allowing developers"}, {"start": "00:07:32", "end": "00:07:37", "text": "and businesses to run AI models without"}, {"start": "00:07:35", "end": "00:07:38", "text": "managing their own servers. Now, for"}, {"start": "00:07:37", "end": "00:07:42", "text": "those of you who want to check the full"}, {"start": "00:07:38", "end": "00:07:45", "text": "study out, it's titled a year in LLM"}, {"start": "00:07:42", "end": "00:07:47", "text": "serving with the team studying records"}, {"start": "00:07:45", "end": "00:07:51", "text": "of AI requests made through shoots"}, {"start": "00:07:47", "end": "00:07:53", "text": "between April 2025 and April 2026. If"}, {"start": "00:07:51", "end": "00:07:55", "text": "you like Bit Tens or you like this big"}, {"start": "00:07:53", "end": "00:08:00", "text": "news for exchange partner Binance,"}, {"start": "00:07:55", "end": "00:08:04", "text": "Binance buys $100 million Circle stake"}, {"start": "00:08:00", "end": "00:08:06", "text": "in 5-year USDC promotion deal. So, as we"}, {"start": "00:08:04", "end": "00:08:08", "text": "know, Circle is the company behind one"}, {"start": "00:08:06", "end": "00:08:12", "text": "of the most prominent stable coins in"}, {"start": "00:08:08", "end": "00:08:15", "text": "the world, USDC. And now, Binance owns a"}, {"start": "00:08:12", "end": "00:08:17", "text": "little stake in it. Binance bought $100"}, {"start": "00:08:15", "end": "00:08:20", "text": "million of Circle Shares as the"}, {"start": "00:08:17", "end": "00:08:23", "text": "companies signed a five-year deal that"}, {"start": "00:08:20", "end": "00:08:26", "text": "pays the crypto exchange Binance to"}, {"start": "00:08:23", "end": "00:08:29", "text": "promote the USDC stablecoin on its"}, {"start": "00:08:26", "end": "00:08:31", "text": "platform. So, Binance gets ownership yet"}, {"start": "00:08:29", "end": "00:08:34", "text": "they also are required to talk about and"}, {"start": "00:08:31", "end": "00:08:36", "text": "and and push USDC to their hundreds of"}, {"start": "00:08:34", "end": "00:08:38", "text": "millions if not billions of clients. So,"}, {"start": "00:08:36", "end": "00:08:41", "text": "this is I mean customers. So while"}, {"start": "00:08:38", "end": "00:08:43", "text": "circle was already pretty prominent in"}, {"start": "00:08:41", "end": "00:08:44", "text": "the United States, I mean while USDC was"}, {"start": "00:08:43", "end": "00:08:47", "text": "already pretty prominent in the United"}, {"start": "00:08:44", "end": "00:08:48", "text": "States and also probably Europe, now"}, {"start": "00:08:47", "end": "00:08:50", "text": "they're going to reach Asia and also"}, {"start": "00:08:48", "end": "00:08:54", "text": "emerging markets through this"}, {"start": "00:08:50", "end": "00:08:56", "text": "partnership. Win-win. And sleeping giant"}, {"start": "00:08:54", "end": "00:09:00", "text": "Cardano continues to make small but"}, {"start": "00:08:56", "end": "00:09:03", "text": "significant moves. Cardano joins Solana"}, {"start": "00:09:00", "end": "00:09:06", "text": "and XRP ledger in race to power AI agent"}, {"start": "00:09:03", "end": "00:09:09", "text": "payments. So, let me unpack what this"}, {"start": "00:09:06", "end": "00:09:13", "text": "means to you. Because Cardano has been"}, {"start": "00:09:09", "end": "00:09:16", "text": "added to the official X42 software kit,"}, {"start": "00:09:13", "end": "00:09:20", "text": "giving developers the code needed to let"}, {"start": "00:09:16", "end": "00:09:22", "text": "an app or AI agent pay for an online"}, {"start": "00:09:20", "end": "00:09:23", "text": "service using ADA or tokens issued by"}, {"start": "00:09:22", "end": "00:09:26", "text": "the network. This is basically"}, {"start": "00:09:23", "end": "00:09:29", "text": "open-source software. This was"}, {"start": "00:09:26", "end": "00:09:33", "text": "championed and actually created by"}, {"start": "00:09:29", "end": "00:09:35", "text": "Coinbase X42 back in 2025 before"}, {"start": "00:09:33", "end": "00:09:37", "text": "contributing it to a Linux"}, {"start": "00:09:35", "end": "00:09:40", "text": "Foundationbacked organization whose"}, {"start": "00:09:37", "end": "00:09:42", "text": "members include Visa, Mastercard,"}, {"start": "00:09:40", "end": "00:09:45", "text": "Stripe, Google, Amazon Web Services."}, {"start": "00:09:42", "end": "00:09:48", "text": "Ethereum was in, Solana was in, XRP was"}, {"start": "00:09:45", "end": "00:09:50", "text": "in, now Cardano's in, meaning developers"}, {"start": "00:09:48", "end": "00:09:52", "text": "that are building the products and also"}, {"start": "00:09:50", "end": "00:09:55", "text": "AI agents can choose which blockchain"}, {"start": "00:09:52", "end": "00:09:57", "text": "they think is best for them. Now, what's"}, {"start": "00:09:55", "end": "00:10:00", "text": "next for Bitcoin? Is a correction"}, {"start": "00:09:57", "end": "00:10:02", "text": "coming? Can we can we is it possible to"}, {"start": "00:10:00", "end": "00:10:05", "text": "get even another leg up before maybe a a"}, {"start": "00:10:02", "end": "00:10:06", "text": "big time correction or price correction?"}, {"start": "00:10:05", "end": "00:10:09", "text": "Well, for anybody trading, actually,"}, {"start": "00:10:06", "end": "00:10:12", "text": "let's start on the day chart because"}, {"start": "00:10:09", "end": "00:10:15", "text": "while we can see on the day chart, the"}, {"start": "00:10:12", "end": "00:10:18", "text": "RSI is overbought, meaning the price on"}, {"start": "00:10:15", "end": "00:10:21", "text": "the day chart daily. Let's let's get off"}, {"start": "00:10:18", "end": "00:10:25", "text": "lock here. We'll go to auto. The price"}, {"start": "00:10:21", "end": "00:10:27", "text": "on the daily chart is nearing very much"}, {"start": "00:10:25", "end": "00:10:31", "text": "overbought territory."}, {"start": "00:10:27", "end": "00:10:33", "text": "On the weekly, we're still good. So"}, {"start": "00:10:31", "end": "00:10:36", "text": "weekly, price is at the exact same"}, {"start": "00:10:33", "end": "00:10:39", "text": "place. Uh but it's a much less compared"}, {"start": "00:10:36", "end": "00:10:41", "text": "to when we were overbought. For example,"}, {"start": "00:10:39", "end": "00:10:44", "text": "wow, when the Bitcoin ETF was approved,"}, {"start": "00:10:41", "end": "00:10:47", "text": "very overbought. When the 2024 having"}, {"start": "00:10:44", "end": "00:10:48", "text": "happened, incredibly overbought. We"}, {"start": "00:10:47", "end": "00:10:51", "text": "needed about four six months of"}, {"start": "00:10:48", "end": "00:10:53", "text": "correction. And even when the president"}, {"start": "00:10:51", "end": "00:10:56", "text": "was elected, we were very overbought on"}, {"start": "00:10:53", "end": "00:10:58", "text": "the weekly. Didn't actually get that far"}, {"start": "00:10:56", "end": "00:11:02", "text": "overbought at the top of last cycle in"}, {"start": "00:10:58", "end": "00:11:04", "text": "2025. And where we are today,"}, {"start": "00:11:02", "end": "00:11:06", "text": "still safe. I mean, obviously, we can"}, {"start": "00:11:04", "end": "00:11:11", "text": "correct from here and we can easily get"}, {"start": "00:11:06", "end": "00:11:13", "text": "more undervalued or overbought, but this"}, {"start": "00:11:11", "end": "00:11:16", "text": "bull cycle looks like to me still has a"}, {"start": "00:11:13", "end": "00:11:18", "text": "lot it still has additional legs up to"}, {"start": "00:11:16", "end": "00:11:19", "text": "go. Give me your thoughts down below. I"}, {"start": "00:11:18", "end": "00:11:21", "text": "will keep you updated. Like always, see"}, {"start": "00:11:19", "end": "00:11:21", "text": "you tomorrow."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "The most important learning that you can"}, {"start": "00:00:02", "end": "00:00:06", "text": "have as a crypto trader."}, {"start": "00:00:05", "end": "00:00:08", "text": "Okay, now most of you won't get this,"}, {"start": "00:00:06", "end": "00:00:11", "text": "but I'm going to say it anyway."}, {"start": "00:00:08", "end": "00:00:13", "text": "When you are trading crypto, it's a 24/7"}, {"start": "00:00:11", "end": "00:00:15", "text": "casino. It's the most exciting place to"}, {"start": "00:00:13", "end": "00:00:17", "text": "be. It never ever closes. It works all"}, {"start": "00:00:15", "end": "00:00:20", "text": "day, all night, all weekend, all"}, {"start": "00:00:17", "end": "00:00:21", "text": "vacation, all Labor Day. It works all"}, {"start": "00:00:20", "end": "00:00:23", "text": "the time."}, {"start": "00:00:21", "end": "00:00:25", "text": "There are always opportunities and there"}, {"start": "00:00:23", "end": "00:00:26", "text": "are always buses coming. Every 2 seconds"}, {"start": "00:00:25", "end": "00:00:27", "text": "another opportunity comes. You miss what"}, {"start": "00:00:26", "end": "00:00:28", "text": "you you catch if you don't catch the"}, {"start": "00:00:27", "end": "00:00:30", "text": "first one, you'll catch the second one"}, {"start": "00:00:28", "end": "00:00:32", "text": "and the third one."}, {"start": "00:00:30", "end": "00:00:34", "text": "Here's the biggest piece of advice that"}, {"start": "00:00:32", "end": "00:00:38", "text": "I can give you."}, {"start": "00:00:34", "end": "00:00:39", "text": "Don't delay time with your loved ones"}, {"start": "00:00:38", "end": "00:00:41", "text": "because you're waiting for crypto"}, {"start": "00:00:39", "end": "00:00:43", "text": "profits. I can't tell you how many"}, {"start": "00:00:41", "end": "00:00:44", "text": "weekends I spent trading instead of"}, {"start": "00:00:43", "end": "00:00:45", "text": "spending time with my family and with my"}, {"start": "00:00:44", "end": "00:00:47", "text": "kids."}, {"start": "00:00:45", "end": "00:00:48", "text": "Why? Because I was making so much money"}, {"start": "00:00:47", "end": "00:00:50", "text": "and it was so much fun that I was"}, {"start": "00:00:48", "end": "00:00:52", "text": "addicted to the game."}, {"start": "00:00:50", "end": "00:00:54", "text": "Okay, the truth [music] is"}, {"start": "00:00:52", "end": "00:00:57", "text": "I realized that the pumps and the"}, {"start": "00:00:54", "end": "00:00:58", "text": "opportunities will always be here."}, {"start": "00:00:57", "end": "00:01:00", "text": "But your loved ones are going to grow up"}, {"start": "00:00:58", "end": "00:01:02", "text": "really quickly and maybe at some point"}, {"start": "00:01:00", "end": "00:01:04", "text": "you might lose some of your loved ones."}, {"start": "00:01:02", "end": "00:01:05", "text": "So, I think the perspective is that"}, {"start": "00:01:04", "end": "00:01:07", "text": "there's it's"}, {"start": "00:01:05", "end": "00:01:08", "text": "crypto is the land of opportunity."}, {"start": "00:01:07", "end": "00:01:10", "text": "There's going [music] to be so so so"}, {"start": "00:01:08", "end": "00:01:12", "text": "many opportunities."}, {"start": "00:01:10", "end": "00:01:14", "text": "Don't put off"}, {"start": "00:01:12", "end": "00:01:16", "text": "a real opportunity to spend time with"}, {"start": "00:01:14", "end": "00:01:17", "text": "your friends, family, and loved ones"}, {"start": "00:01:16", "end": "00:01:20", "text": "because of the profits. The profits are"}, {"start": "00:01:17", "end": "00:01:20", "text": "going to be here forever."}]

[{"start": "00:00:00", "end": "00:00:02", "text": "I think if you're starting with zero"}, {"start": "00:00:01", "end": "00:00:04", "text": "dollars, you can't [music] make a"}, {"start": "00:00:02", "end": "00:00:06", "text": "million dollars in 12 months. That's not"}, {"start": "00:00:04", "end": "00:00:07", "text": "realistic. In fact, that's stupid."}, {"start": "00:00:06", "end": "00:00:10", "text": "Number one thing you should honestly do"}, {"start": "00:00:07", "end": "00:00:11", "text": "is get some recurring revenue, up your"}, {"start": "00:00:10", "end": "00:00:12", "text": "income. Cuz if you don't have"}, {"start": "00:00:11", "end": "00:00:14", "text": "discretionary money, if you have debts,"}, {"start": "00:00:12", "end": "00:00:15", "text": "then you're not doing anything, and you"}, {"start": "00:00:14", "end": "00:00:17", "text": "should not be investing in"}, {"start": "00:00:15", "end": "00:00:19", "text": "cryptocurrency. Let's say you've gotten"}, {"start": "00:00:17", "end": "00:00:22", "text": "that job, and you now have a thousand"}, {"start": "00:00:19", "end": "00:00:23", "text": "dollars of discretionary income. I still"}, {"start": "00:00:22", "end": "00:00:26", "text": "do not think becoming a millionaire in"}, {"start": "00:00:23", "end": "00:00:29", "text": "12 months is realistic. I think if you"}, {"start": "00:00:26", "end": "00:00:30", "text": "can get that 1,000 8 to 12,000 10,000,"}, {"start": "00:00:29", "end": "00:00:33", "text": "[music]"}, {"start": "00:00:30", "end": "00:00:37", "text": "that would be a huge huge huge win. Just"}, {"start": "00:00:33", "end": "00:00:39", "text": "like if you're starting with 10,000 to"}, {"start": "00:00:37", "end": "00:00:42", "text": "let's say 25,000, then your goal should"}, {"start": "00:00:39", "end": "00:00:44", "text": "be 100,000 in 12 months."}, {"start": "00:00:42", "end": "00:00:45", "text": "If you want to become a millionaire,"}, {"start": "00:00:44", "end": "00:00:47", "text": "unless you're going to get lucky and"}, {"start": "00:00:45", "end": "00:00:49", "text": "yolo on the meme coins, you really can't"}, {"start": "00:00:47", "end": "00:00:51", "text": "do it unless you're starting with 100 to"}, {"start": "00:00:49", "end": "00:00:52", "text": "200,000 dollars. That's my opinion. If"}, {"start": "00:00:51", "end": "00:00:53", "text": "you have something else, if you don't"}, {"start": "00:00:52", "end": "00:00:55", "text": "think that's realistic, comment down"}, {"start": "00:00:53", "end": "00:00:56", "text": "below. That being said, whatever you"}, {"start": "00:00:55", "end": "00:00:58", "text": "have, keeping those realistic"}, {"start": "00:00:56", "end": "00:01:01", "text": "expectations,"}, {"start": "00:00:58", "end": "00:01:02", "text": "I still think the dip basement trade,"}, {"start": "00:01:01", "end": "00:01:05", "text": "Bitcoin,"}, {"start": "00:01:02", "end": "00:01:07", "text": "as a digital gold, it is not [music] too"}, {"start": "00:01:05", "end": "00:01:07", "text": "late."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "Bitcoin has no top because the dollar"}, {"start": "00:00:02", "end": "00:00:05", "text": "has no bottom. And so if the government"}, {"start": "00:00:03", "end": "00:00:06", "text": "keeps printing money, Bitcoin is going"}, {"start": "00:00:05", "end": "00:00:10", "text": "to go way higher."}, {"start": "00:00:06", "end": "00:00:12", "text": ">> Bitcoin's new bull market is just"}, {"start": "00:00:10", "end": "00:00:15", "text": "getting started. This is not according"}, {"start": "00:00:12", "end": "00:00:17", "text": "to me, Altcoin Daily, the number one"}, {"start": "00:00:15", "end": "00:00:19", "text": "most watched crypto news and media"}, {"start": "00:00:17", "end": "00:00:22", "text": "channel. This is according to Anthony"}, {"start": "00:00:19", "end": "00:00:26", "text": "Pompiano, analyst and entrepreneur who"}, {"start": "00:00:22", "end": "00:00:29", "text": "just schooled this Fox Business host."}, {"start": "00:00:26", "end": "00:00:30", "text": ">> And I I poo pooed you. I know I did. I"}, {"start": "00:00:29", "end": "00:00:34", "text": "was arguing victory everybody."}, {"start": "00:00:30", "end": "00:00:37", "text": ">> Right now, Bitcoin is $86,000."}, {"start": "00:00:34", "end": "00:00:40", "text": "What a day to be in Bitcoin. According"}, {"start": "00:00:37", "end": "00:00:43", "text": "to Pomp, this all has to do with the"}, {"start": "00:00:40", "end": "00:00:45", "text": "massive Treasury buybacks that Scott"}, {"start": "00:00:43", "end": "00:00:47", "text": "Bessant has been implementing."}, {"start": "00:00:45", "end": "00:00:49", "text": ">> Bitcoin is the most sensitive asset to"}, {"start": "00:00:47", "end": "00:00:51", "text": "global liquidity and the US government"}, {"start": "00:00:49", "end": "00:00:53", "text": "for the last month or so continues to"}, {"start": "00:00:51", "end": "00:00:55", "text": "tell us they are going to print a heck"}, {"start": "00:00:53", "end": "00:00:59", "text": "of a lot of money. Bassent hailing his"}, {"start": "00:00:55", "end": "00:01:00", "text": "buyback program as a success and seems"}, {"start": "00:00:59", "end": "00:01:02", "text": "to indicate they're going to continue"}, {"start": "00:01:00", "end": "00:01:05", "text": "with this maybe even bigger."}, {"start": "00:01:02", "end": "00:01:08", "text": ">> I just raised the the size because we"}, {"start": "00:01:05", "end": "00:01:09", "text": "are in a very illlquid period. The"}, {"start": "00:01:08", "end": "00:01:11", "text": "market was moving quickly."}, {"start": "00:01:09", "end": "00:01:15", "text": ">> Can you just give us some more color on"}, {"start": "00:01:11", "end": "00:01:19", "text": "on will you continue uh to you know to"}, {"start": "00:01:15", "end": "00:01:22", "text": "use funds to buy the the long end to"}, {"start": "00:01:19", "end": "00:01:26", "text": ">> Well, Joe, we we always do that. So, a"}, {"start": "00:01:22", "end": "00:01:30", "text": "lot of people wondering if $86,000"}, {"start": "00:01:26", "end": "00:01:34", "text": "is the top. This is nowhere close to the"}, {"start": "00:01:30", "end": "00:01:37", "text": "top. Bitcoin is going a lot higher. And"}, {"start": "00:01:34", "end": "00:01:40", "text": "the one biggest reason for this is, I"}, {"start": "00:01:37", "end": "00:01:42", "text": "mean, there are many reasons, but the"}, {"start": "00:01:40", "end": "00:01:45", "text": "biggest reason why Bitcoin is going a"}, {"start": "00:01:42", "end": "00:01:47", "text": "lot higher, well, I'll let Pomp explain"}, {"start": "00:01:45", "end": "00:01:49", "text": "it to you. I remember coming on the show"}, {"start": "00:01:47", "end": "00:01:51", "text": "many many many years ago and saying that"}, {"start": "00:01:49", "end": "00:01:54", "text": "Bitcoin was the beall and endall of the"}, {"start": "00:01:51", "end": "00:01:56", "text": "future and I I d I poo pooed you. I know"}, {"start": "00:01:54", "end": "00:01:59", "text": "I did. I was arguing vigorous. Everybody"}, {"start": "00:01:56", "end": "00:02:02", "text": "did. Everybody did actually. Yes. And we"}, {"start": "00:01:59", "end": "00:02:06", "text": "all missed out. So um how come Bitcoin"}, {"start": "00:02:02", "end": "00:02:08", "text": "is now rallying you 859 today it's"}, {"start": "00:02:06", "end": "00:02:09", "text": "rallying. How come it's doing that when"}, {"start": "00:02:08", "end": "00:02:11", "text": "the Clarity Act failed?"}, {"start": "00:02:09", "end": "00:02:12", "text": ">> Well, I been saying for months now"}, {"start": "00:02:11", "end": "00:02:14", "text": "Bitcoin doesn't need the Clarity Act"}, {"start": "00:02:12", "end": "00:02:15", "text": "because Bitcoin already has clarity. We"}, {"start": "00:02:14", "end": "00:02:17", "text": "know what the regulatory treatment of"}, {"start": "00:02:15", "end": "00:02:19", "text": "Bitcoin is, but more importantly is"}, {"start": "00:02:17", "end": "00:02:21", "text": "Bitcoin is the most sensitive asset to"}, {"start": "00:02:19", "end": "00:02:23", "text": "global liquidity. And the US government"}, {"start": "00:02:21", "end": "00:02:25", "text": "for the last month or so continues to"}, {"start": "00:02:23", "end": "00:02:26", "text": "tell us they are going to print a heck"}, {"start": "00:02:25", "end": "00:02:28", "text": "of a lot of money. We have more than a"}, {"start": "00:02:26", "end": "00:02:29", "text": "$40 trillion national debt. We have more"}, {"start": "00:02:28", "end": "00:02:31", "text": "than a trillion dollars annually in"}, {"start": "00:02:29", "end": "00:02:33", "text": "terms of the interest expense. And"}, {"start": "00:02:31", "end": "00:02:35", "text": "Bitcoin has no top because the dollar"}, {"start": "00:02:33", "end": "00:02:37", "text": "has no bottom. And so if the government"}, {"start": "00:02:35", "end": "00:02:38", "text": "keeps printing money, Bitcoin is going"}, {"start": "00:02:37", "end": "00:02:40", "text": "to go way higher in the coming years."}, {"start": "00:02:38", "end": "00:02:42", "text": "And I think what you're seeing in the"}, {"start": "00:02:40", "end": "00:02:43", "text": "last 30 days or so is that once the"}, {"start": "00:02:42", "end": "00:02:44", "text": "government Scott Besson at the Treasury"}, {"start": "00:02:43", "end": "00:02:46", "text": "said, \"I'm going to double the"}, {"start": "00:02:44", "end": "00:02:48", "text": "purchases. We're going to print more"}, {"start": "00:02:46", "end": "00:02:49", "text": "money.\" Everyone said, \"Maybe I should"}, {"start": "00:02:48", "end": "00:02:51", "text": "get some Bitcoin in case it catches on.\""}, {"start": "00:02:49", "end": "00:02:52", "text": "And I think that's what's happening."}, {"start": "00:02:51", "end": "00:02:55", "text": ">> I'm inclined to go along with your to a"}, {"start": "00:02:52", "end": "00:02:56", "text": "point. I rather like my 5% return on a"}, {"start": "00:02:55", "end": "00:02:59", "text": "10-year Treasury."}, {"start": "00:02:56", "end": "00:03:03", "text": ">> Bitcoin on the hourly chart, very"}, {"start": "00:02:59", "end": "00:03:06", "text": "bullish. Bitcoin on the daily chart,"}, {"start": "00:03:03", "end": "00:03:09", "text": "very bullish. It's a green day above"}, {"start": "00:03:06", "end": "00:03:11", "text": "both its 50-day and 200day moving"}, {"start": "00:03:09", "end": "00:03:13", "text": "average. Everybody is getting bullish on"}, {"start": "00:03:11", "end": "00:03:15", "text": "crypto these days. I'm going to show you"}, {"start": "00:03:13", "end": "00:03:17", "text": "in just a minute or two. But keep in"}, {"start": "00:03:15", "end": "00:03:20", "text": "mind, we have been bullish since the"}, {"start": "00:03:17", "end": "00:03:24", "text": "lows. If you were accumulating down here"}, {"start": "00:03:20", "end": "00:03:28", "text": "or down here like we were, you are"}, {"start": "00:03:24", "end": "00:03:30", "text": "literally up 50% today. This is Bitcoin"}, {"start": "00:03:28", "end": "00:03:32", "text": "on the weekly scale. And what's"}, {"start": "00:03:30", "end": "00:03:35", "text": "interesting is just like every bare"}, {"start": "00:03:32", "end": "00:03:38", "text": "market, we touched the 200W week moving"}, {"start": "00:03:35", "end": "00:03:41", "text": "average back here. But what's"}, {"start": "00:03:38", "end": "00:03:43", "text": "interesting is we just barreled through"}, {"start": "00:03:41", "end": "00:03:47", "text": "what could have been major resistance"}, {"start": "00:03:43", "end": "00:03:51", "text": "and was resistance. The 50week moving"}, {"start": "00:03:47", "end": "00:03:53", "text": "average is historically very important."}, {"start": "00:03:51", "end": "00:03:56", "text": "And the fact that we're above this now,"}, {"start": "00:03:53", "end": "00:03:59", "text": "this tells us that the new Bitcoin bull"}, {"start": "00:03:56", "end": "00:04:03", "text": "market is just beginning. Check out"}, {"start": "00:03:59", "end": "00:04:07", "text": "these two metrics. Bitcoin's monthly"}, {"start": "00:04:03", "end": "00:04:10", "text": "chart looks great. RSI is in an uptrend"}, {"start": "00:04:07", "end": "00:04:12", "text": "and MACD shows that the bears are losing"}, {"start": "00:04:10", "end": "00:04:15", "text": "momentum fast. Look guys, this video"}, {"start": "00:04:12", "end": "00:04:18", "text": "today, it's all about why the Bitcoin"}, {"start": "00:04:15", "end": "00:04:20", "text": "and crypto new bull market is just"}, {"start": "00:04:18", "end": "00:04:22", "text": "getting started. If you're interested in"}, {"start": "00:04:20", "end": "00:04:25", "text": "staying informed on the latest and"}, {"start": "00:04:22", "end": "00:04:27", "text": "greatest in everything going on in the"}, {"start": "00:04:25", "end": "00:04:29", "text": "crypto space, make sure you subscribe to"}, {"start": "00:04:27", "end": "00:04:32", "text": "Altcoin Daily and watch every day. And"}, {"start": "00:04:29", "end": "00:04:34", "text": "feel free to watch any of our videos"}, {"start": "00:04:32", "end": "00:04:37", "text": "from the past couple months. They are"}, {"start": "00:04:34", "end": "00:04:39", "text": "still just as relevant as they have ever"}, {"start": "00:04:37", "end": "00:04:42", "text": "been, especially with Bitcoin breaking"}, {"start": "00:04:39", "end": "00:04:45", "text": "bullish like we thought. Hey, let's talk"}, {"start": "00:04:42", "end": "00:04:49", "text": "about altcoins. So, why are prices"}, {"start": "00:04:45", "end": "00:04:51", "text": "rallying so hard today? Why are we"}, {"start": "00:04:49", "end": "00:04:54", "text": "seeing a mini alt season of sorts? Well,"}, {"start": "00:04:51", "end": "00:04:56", "text": "a big reason for all of this, like we"}, {"start": "00:04:54", "end": "00:04:59", "text": "have been showing you for quite some"}, {"start": "00:04:56", "end": "00:05:01", "text": "time, are that fundamentals have been"}, {"start": "00:04:59", "end": "00:05:04", "text": "off the charts, bullish, going"}, {"start": "00:05:01", "end": "00:05:07", "text": "parabolic, and prices are finally"}, {"start": "00:05:04", "end": "00:05:10", "text": "starting to catch up. Do you realize"}, {"start": "00:05:07", "end": "00:05:13", "text": "this? Last week, a blockchain, a"}, {"start": "00:05:10", "end": "00:05:17", "text": "cryptocoin, surpassed the New York Stock"}, {"start": "00:05:13", "end": "00:05:21", "text": "Exchange in weekly trades for the first"}, {"start": "00:05:17", "end": "00:05:24", "text": "time ever. This is such a big deal, a"}, {"start": "00:05:21", "end": "00:05:27", "text": "sign of the times. Incredibly bullish."}, {"start": "00:05:24", "end": "00:05:30", "text": "We're talking about Salana, of course,"}, {"start": "00:05:27", "end": "00:05:32", "text": "and most people have no idea that Salana"}, {"start": "00:05:30", "end": "00:05:37", "text": "just flipped the New York Stock Exchange"}, {"start": "00:05:32", "end": "00:05:40", "text": "with 28 million trades while they had"}, {"start": "00:05:37", "end": "00:05:44", "text": "190 million. The internet capital"}, {"start": "00:05:40", "end": "00:05:47", "text": "markets have finally arrived. So, what"}, {"start": "00:05:44", "end": "00:05:49", "text": "you're looking at right here is Bitcoin,"}, {"start": "00:05:47", "end": "00:05:54", "text": "not versus the US dollar, but versus the"}, {"start": "00:05:49", "end": "00:05:57", "text": "NASDAQ, the top tech stocks in the USA."}, {"start": "00:05:54", "end": "00:06:00", "text": "And what you'll notice, look right here."}, {"start": "00:05:57", "end": "00:06:03", "text": "Just like the prior two times before,"}, {"start": "00:06:00", "end": "00:06:06", "text": "the money rotation from US stocks to"}, {"start": "00:06:03", "end": "00:06:08", "text": "crypto has now officially begun. And I'm"}, {"start": "00:06:06", "end": "00:06:10", "text": "not saying I'm bearish on the stock"}, {"start": "00:06:08", "end": "00:06:14", "text": "market or AI stocks are about to go"}, {"start": "00:06:10", "end": "00:06:17", "text": "down. All I'm saying is that crypto"}, {"start": "00:06:14", "end": "00:06:20", "text": "versus the AI stocks is about to"}, {"start": "00:06:17", "end": "00:06:22", "text": "outperform hopefully historically. And"}, {"start": "00:06:20", "end": "00:06:25", "text": "this is the flip that just happened in"}, {"start": "00:06:22", "end": "00:06:28", "text": "markets. Bitcoin has now outperformed"}, {"start": "00:06:25", "end": "00:06:32", "text": "the NASDAQ by 42% over the last three"}, {"start": "00:06:28", "end": "00:06:35", "text": "months. If history repeats, 57,800"}, {"start": "00:06:32", "end": "00:06:39", "text": "was the macro bottom for Bitcoin and a"}, {"start": "00:06:35", "end": "00:06:42", "text": "new bull market has just started. Do you"}, {"start": "00:06:39", "end": "00:06:45", "text": "think that a new bull market has just"}, {"start": "00:06:42", "end": "00:06:47", "text": "started or are we still in a bare"}, {"start": "00:06:45", "end": "00:06:50", "text": "market? Well, I'll tell you what. It"}, {"start": "00:06:47", "end": "00:06:54", "text": "looks very likely like September is"}, {"start": "00:06:50", "end": "00:06:56", "text": "going to end up now up over 10% in"}, {"start": "00:06:54", "end": "00:06:59", "text": "September. And if that is the case,"}, {"start": "00:06:56", "end": "00:07:03", "text": "Bitcoin is about to close three monthly"}, {"start": "00:06:59", "end": "00:07:06", "text": "green months in a row. That has never"}, {"start": "00:07:03", "end": "00:07:09", "text": "happened before during a bare market. If"}, {"start": "00:07:06", "end": "00:07:13", "text": "September closes green, that will alert"}, {"start": "00:07:09", "end": "00:07:16", "text": "the world that uhoh, Bitcoin's back in a"}, {"start": "00:07:13", "end": "00:07:19", "text": "bull market in a big way. Taking a look"}, {"start": "00:07:16", "end": "00:07:20", "text": "at Ethereum quarter 1, quarter two,"}, {"start": "00:07:19", "end": "00:07:24", "text": "quarter three, quarter four."}, {"start": "00:07:20", "end": "00:07:29", "text": "Historically, ETH is getting ready to"}, {"start": "00:07:24", "end": "00:07:32", "text": "print its best Q3 ever in history with a"}, {"start": "00:07:29", "end": "00:07:36", "text": "gain of 67%."}, {"start": "00:07:32", "end": "00:07:39", "text": "It is good to be in Ethereum. So many"}, {"start": "00:07:36", "end": "00:07:41", "text": "reasons why Ethereum is pumping and"}, {"start": "00:07:39", "end": "00:07:44", "text": "outperforming. Let me clue you in. A lot"}, {"start": "00:07:41", "end": "00:07:47", "text": "of it has to do with the individual US"}, {"start": "00:07:44", "end": "00:07:50", "text": "regulatory agencies making their own"}, {"start": "00:07:47", "end": "00:07:53", "text": "clear crypto rules of the road. Another"}, {"start": "00:07:50", "end": "00:07:56", "text": "big reason is because of things like"}, {"start": "00:07:53", "end": "00:07:58", "text": "this. The major tech companies can no"}, {"start": "00:07:56", "end": "00:08:01", "text": "longer hide their intentions with"}, {"start": "00:07:58", "end": "00:08:04", "text": "crypto. They are rising to the new state"}, {"start": "00:08:01", "end": "00:08:08", "text": "of the economy. For instance, just in"}, {"start": "00:08:04", "end": "00:08:11", "text": "Google just listed a position they are"}, {"start": "00:08:08", "end": "00:08:14", "text": "hiring for a crypto lead to advise on"}, {"start": "00:08:11", "end": "00:08:17", "text": "digital asset initiatives and their"}, {"start": "00:08:14", "end": "00:08:20", "text": "product roadmap. There is a major"}, {"start": "00:08:17", "end": "00:08:21", "text": "competition to attract good talent."}, {"start": "00:08:20", "end": "00:08:23", "text": "hopefully somebody from the altcoin"}, {"start": "00:08:21", "end": "00:08:27", "text": "daily audience because breaking news,"}, {"start": "00:08:23", "end": "00:08:30", "text": "Apple is hiring as well a stable coin"}, {"start": "00:08:27", "end": "00:08:33", "text": "and crypto lead for Apple Pay, opening"}, {"start": "00:08:30", "end": "00:08:37", "text": "the door to digital assets across its 2"}, {"start": "00:08:33", "end": "00:08:40", "text": "plus billion user ecosystem. Truly a"}, {"start": "00:08:37", "end": "00:08:44", "text": "huge moment. So, ETH has really"}, {"start": "00:08:40", "end": "00:08:47", "text": "performed well. Can it keep going? It"}, {"start": "00:08:44", "end": "00:08:50", "text": "can definitely keep going. Ethereum"}, {"start": "00:08:47", "end": "00:08:53", "text": "looks ready to explode and smash the"}, {"start": "00:08:50", "end": "00:08:56", "text": "like button to support your favorite"}, {"start": "00:08:53", "end": "00:08:59", "text": "creators. Again, for months and months"}, {"start": "00:08:56", "end": "00:09:02", "text": "and months when Bitcoin was at its"}, {"start": "00:08:59", "end": "00:09:05", "text": "lowest, we were telling you this was a"}, {"start": "00:09:02", "end": "00:09:09", "text": "great time to buy. Crypto is still the"}, {"start": "00:09:05", "end": "00:09:12", "text": "future. And it took until this moment"}, {"start": "00:09:09", "end": "00:09:15", "text": "for everybody to realize that Bitcoin is"}, {"start": "00:09:12", "end": "00:09:18", "text": "back and new lows are not very likely at"}, {"start": "00:09:15", "end": "00:09:20", "text": "all. Much respect for analyst Ben Cowan"}, {"start": "00:09:18", "end": "00:09:23", "text": "for doing this. I was wrong, he says."}, {"start": "00:09:20", "end": "00:09:26", "text": "Not going to make excuses. I deserve to"}, {"start": "00:09:23", "end": "00:09:29", "text": "be dunked on. Crypto analyst and friend"}, {"start": "00:09:26", "end": "00:09:32", "text": "of the channel, Benjamin Cowan. Ben"}, {"start": "00:09:29", "end": "00:09:34", "text": "joined us back in July to share that he"}, {"start": "00:09:32", "end": "00:09:36", "text": "thought the bottom would come in Q4 of"}, {"start": "00:09:34", "end": "00:09:39", "text": "this year. Well, Ben has finally"}, {"start": "00:09:36", "end": "00:09:41", "text": "admitted Bitcoin is back in a bull"}, {"start": "00:09:39", "end": "00:09:44", "text": "market. He says, \"I was wrong about"}, {"start": "00:09:41", "end": "00:09:46", "text": "Bitcoin. Clearly, I was wrong, and now I"}, {"start": "00:09:44", "end": "00:09:48", "text": "have to deal with the fallout.\" Listen,"}, {"start": "00:09:46", "end": "00:09:51", "text": "back during this interview in July, he"}, {"start": "00:09:48", "end": "00:09:54", "text": "gave it a 40 to 50% chance that"}, {"start": "00:09:51", "end": "00:09:58", "text": "Bitcoin's bottom was in. But still, much"}, {"start": "00:09:54", "end": "00:10:00", "text": "respect for Ben that he made this video."}, {"start": "00:09:58", "end": "00:10:03", "text": "And again, the takeaway here is Bitcoin"}, {"start": "00:10:00", "end": "00:10:05", "text": "is back in a bull market, guys. Smash"}, {"start": "00:10:03", "end": "00:10:08", "text": "the like button if you appreciate this."}, {"start": "00:10:05", "end": "00:10:11", "text": ">> Today we're going to talk about Bitcoin."}, {"start": "00:10:08", "end": "00:10:15", "text": "And I obviously have to do uh my least"}, {"start": "00:10:11", "end": "00:10:20", "text": "favorite part of the job. And that is"}, {"start": "00:10:15", "end": "00:10:22", "text": "admit that I was wrong about Bitcoin not"}, {"start": "00:10:20", "end": "00:10:26", "text": "being able to take out the May high."}, {"start": "00:10:22", "end": "00:10:28", "text": "Right? Clearly it has."}, {"start": "00:10:26", "end": "00:10:34", "text": "So I was wrong. It rallied above the"}, {"start": "00:10:28", "end": "00:10:38", "text": "50we. It is now extended that up to"}, {"start": "00:10:34", "end": "00:10:44", "text": "almost 86,000. So 85,815."}, {"start": "00:10:38", "end": "00:10:46", "text": "So clearly I was wrong and you know I"}, {"start": "00:10:44", "end": "00:10:49", "text": "have to deal with a fallout of that now."}, {"start": "00:10:46", "end": "00:10:50", "text": "Bitcoin breaking through the May high."}, {"start": "00:10:49", "end": "00:10:54", "text": "Um"}, {"start": "00:10:50", "end": "00:10:58", "text": "this is not what I had on my bingo card"}, {"start": "00:10:54", "end": "00:11:03", "text": "for this year. And so I just wanted to"}, {"start": "00:10:58", "end": "00:11:06", "text": "say I was wrong and leave it at that. Uh"}, {"start": "00:11:03", "end": "00:11:09", "text": "there are other people that were right"}, {"start": "00:11:06", "end": "00:11:12", "text": "and I think they probably deserve your"}, {"start": "00:11:09", "end": "00:11:15", "text": "viewership more uh right now than me. So"}, {"start": "00:11:12", "end": "00:11:18", "text": "much is happening in crypto. I hope you"}, {"start": "00:11:15", "end": "00:11:20", "text": "are a part of it with us. Don't forget"}, {"start": "00:11:18", "end": "00:11:22", "text": "to create your WEX crypto exchange"}, {"start": "00:11:20", "end": "00:11:26", "text": "account. This is one of the best"}, {"start": "00:11:22", "end": "00:11:29", "text": "exchanges to trade crypto, especially"}, {"start": "00:11:26", "end": "00:11:34", "text": "with these huge bonuses they are giving"}, {"start": "00:11:29", "end": "00:11:37", "text": "for crypto traders. $500 bonus for 100"}, {"start": "00:11:34", "end": "00:11:40", "text": "winners every week. $10,000 and much"}, {"start": "00:11:37", "end": "00:11:44", "text": "more of welcome rewards if you're a new"}, {"start": "00:11:40", "end": "00:11:47", "text": "user and a 50% deposit bonus on anything"}, {"start": "00:11:44", "end": "00:11:49", "text": "above $100. This is huge. Sign up for"}, {"start": "00:11:47", "end": "00:11:52", "text": "WEX and trade. Whether you are a"}, {"start": "00:11:49", "end": "00:11:55", "text": "beginner trader or expert trader, this"}, {"start": "00:11:52", "end": "00:11:58", "text": "is one of the crypto exchanges I really"}, {"start": "00:11:55", "end": "00:12:01", "text": "like and I use. My name is Aaron. This"}, {"start": "00:11:58", "end": "00:12:04", "text": "is Altcoin Daily. See you tomorrow, my"}, {"start": "00:12:01", "end": "00:12:07", "text": "friends. It is turning into a great day,"}, {"start": "00:12:04", "end": "00:12:07", "text": "week, and"}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Becoming a cryptocurrency millionaire"}, {"start": "00:00:02", "end": "00:00:07", "text": "starting with zero is a 100% still"}, {"start": "00:00:04", "end": "00:00:09", "text": "possible I believe. But for every one"}, {"start": "00:00:07", "end": "00:00:11", "text": "cryptocurrency millionaire that makes a"}, {"start": "00:00:09", "end": "00:00:13", "text": "million, there's probably 99 others that"}, {"start": "00:00:11", "end": "00:00:15", "text": "lose everything. So how you do it, the"}, {"start": "00:00:13", "end": "00:00:18", "text": "practices you implement, and the"}, {"start": "00:00:15", "end": "00:00:20", "text": "patience and the key principles you have"}, {"start": "00:00:18", "end": "00:00:22", "text": "mean everything. My name's Austin. I've"}, {"start": "00:00:20", "end": "00:00:24", "text": "been in this space for nine years. I've"}, {"start": "00:00:22", "end": "00:00:25", "text": "spoken to some of the biggest names on"}, {"start": "00:00:24", "end": "00:00:28", "text": "the biggest stages all about"}, {"start": "00:00:25", "end": "00:00:30", "text": "cryptocurrency. I've dedicated my life"}, {"start": "00:00:28", "end": "00:00:33", "text": "to this space. And if I were starting"}, {"start": "00:00:30", "end": "00:00:35", "text": "with zero dollars today with the goal of"}, {"start": "00:00:33", "end": "00:00:37", "text": "becoming a crypto millionaire in 12"}, {"start": "00:00:35", "end": "00:00:39", "text": "months, here is exactly how I would do"}, {"start": "00:00:37", "end": "00:00:40", "text": "it. Meaning, here are the mistakes that"}, {"start": "00:00:39", "end": "00:00:42", "text": "I've made in the past that I've learned"}, {"start": "00:00:40", "end": "00:00:45", "text": "from, the advice, the principles I'm"}, {"start": "00:00:42", "end": "00:00:48", "text": "taking into 2027 and beyond, and of"}, {"start": "00:00:45", "end": "00:00:51", "text": "course, the the coins and the trends"}, {"start": "00:00:48", "end": "00:00:54", "text": "that I am allocating everything into."}, {"start": "00:00:51", "end": "00:00:56", "text": "Now, keep in mind, I'm not a financial"}, {"start": "00:00:54", "end": "00:00:59", "text": "adviser. I cannot see the future. I have"}, {"start": "00:00:56", "end": "00:01:01", "text": "no clue what the Bitcoin price will do"}, {"start": "00:00:59", "end": "00:01:03", "text": "tomorrow, let alone 6 months from now,"}, {"start": "00:01:01", "end": "00:01:05", "text": "let alone 12 months from now. So, it's"}, {"start": "00:01:03", "end": "00:01:07", "text": "very important to make your own"}, {"start": "00:01:05", "end": "00:01:10", "text": "decisions. Do your own research. These"}, {"start": "00:01:07", "end": "00:01:13", "text": "are just my opinions how I would do it."}, {"start": "00:01:10", "end": "00:01:15", "text": "And to start off, if I realistically"}, {"start": "00:01:13", "end": "00:01:17", "text": "wanted to make a million dollars as fast"}, {"start": "00:01:15", "end": "00:01:21", "text": "as I could in cryptocurrency, you first"}, {"start": "00:01:17", "end": "00:01:23", "text": "need to have realistic expectations on"}, {"start": "00:01:21", "end": "00:01:25", "text": "where this space could go. People"}, {"start": "00:01:23", "end": "00:01:27", "text": "screaming a million dollars per Bitcoin."}, {"start": "00:01:25", "end": "00:01:28", "text": "I think is achievable, but it's not"}, {"start": "00:01:27", "end": "00:01:31", "text": "going to happen next year, right? Let's"}, {"start": "00:01:28", "end": "00:01:33", "text": "let's look at the data and history that"}, {"start": "00:01:31", "end": "00:01:35", "text": "tells us where realistically do we see"}, {"start": "00:01:33", "end": "00:01:37", "text": "this space evolving in the next 12"}, {"start": "00:01:35", "end": "00:01:39", "text": "months and what that means for something"}, {"start": "00:01:37", "end": "00:01:43", "text": "like Bitcoin, a digital gold or an"}, {"start": "00:01:39", "end": "00:01:46", "text": "Ethereum. And I think it really helps to"}, {"start": "00:01:43", "end": "00:01:47", "text": "look at the total crypto market cap,"}, {"start": "00:01:46", "end": "00:01:49", "text": "meaning how much money came into the"}, {"start": "00:01:47", "end": "00:01:51", "text": "space in 2017. That was the top of the"}, {"start": "00:01:49", "end": "00:01:54", "text": "cycle at the time. how much money came"}, {"start": "00:01:51", "end": "00:01:56", "text": "into the space next in 2021 from the"}, {"start": "00:01:54", "end": "00:01:59", "text": "bottom into 2021 and then how much more"}, {"start": "00:01:56", "end": "00:02:00", "text": "money came into the space in 2025 and"}, {"start": "00:01:59", "end": "00:02:03", "text": "then what's changed how much money could"}, {"start": "00:02:00", "end": "00:02:06", "text": "come in in the next year. So if we look"}, {"start": "00:02:03", "end": "00:02:08", "text": "at the data we see in 2017 the amount of"}, {"start": "00:02:06", "end": "00:02:12", "text": "money that at the top came into crypto"}, {"start": "00:02:08", "end": "00:02:14", "text": "at the time was over $700 billion an"}, {"start": "00:02:12", "end": "00:02:16", "text": "incredible amount. That's when Bitcoin"}, {"start": "00:02:14", "end": "00:02:20", "text": "went from just a couple thousand a few"}, {"start": "00:02:16", "end": "00:02:22", "text": "years ago up to almost $20,000 per coin."}, {"start": "00:02:20", "end": "00:02:24", "text": "Incredible. That was also the first"}, {"start": "00:02:22", "end": "00:02:26", "text": "altcoin season. A lot of people said at"}, {"start": "00:02:24", "end": "00:02:28", "text": "the time that well the big the big"}, {"start": "00:02:26", "end": "00:02:30", "text": "bubble just happened. Crypto probably"}, {"start": "00:02:28", "end": "00:02:32", "text": "won't get bigger. We saw the big one pop"}, {"start": "00:02:30", "end": "00:02:34", "text": "off. And what happened? No, we were"}, {"start": "00:02:32", "end": "00:02:36", "text": "overvalued at the time. There was a lot"}, {"start": "00:02:34", "end": "00:02:38", "text": "of garbage in the system. We just had to"}, {"start": "00:02:36", "end": "00:02:39", "text": "flush the deadwood out and make room for"}, {"start": "00:02:38", "end": "00:02:41", "text": "the new growth. So what happened?"}, {"start": "00:02:39", "end": "00:02:43", "text": "Bitcoin over the next couple years"}, {"start": "00:02:41", "end": "00:02:46", "text": "consolidated, found more of a fair fair"}, {"start": "00:02:43", "end": "00:02:50", "text": "value. went under fair value and at its"}, {"start": "00:02:46", "end": "00:02:51", "text": "lowest point was around let's say uh mid"}, {"start": "00:02:50", "end": "00:02:55", "text": "100"}, {"start": "00:02:51", "end": "00:02:58", "text": "one billion mid 100 billion so it went"}, {"start": "00:02:55", "end": "00:03:00", "text": "from 100 billion and then wow a new wave"}, {"start": "00:02:58", "end": "00:03:03", "text": "of capital came into the market driven"}, {"start": "00:03:00", "end": "00:03:05", "text": "by NFTts driven by the debasement trade"}, {"start": "00:03:03", "end": "00:03:08", "text": "right they printed a bunch of money and"}, {"start": "00:03:05", "end": "00:03:10", "text": "the entire market cap went to almost $3"}, {"start": "00:03:08", "end": "00:03:15", "text": "trillion how much of an increase was"}, {"start": "00:03:10", "end": "00:03:18", "text": "that was about a 19x X again from around"}, {"start": "00:03:15", "end": "00:03:21", "text": "the bottom to the tippy top, the entire"}, {"start": "00:03:18", "end": "00:03:23", "text": "crypto market cap went up 19 times. So,"}, {"start": "00:03:21", "end": "00:03:24", "text": "Bitcoin got a a big part of that, but"}, {"start": "00:03:23", "end": "00:03:26", "text": "some of the altcoins went up way way"}, {"start": "00:03:24", "end": "00:03:30", "text": "harder. And of course, what happened at"}, {"start": "00:03:26", "end": "00:03:31", "text": "the top of 2021? It was it was the big"}, {"start": "00:03:30", "end": "00:03:34", "text": "bubble. Everybody said, \"Okay, this was"}, {"start": "00:03:31", "end": "00:03:36", "text": "the big one. The market's done. This was"}, {"start": "00:03:34", "end": "00:03:38", "text": "the money has now learned their lesson."}, {"start": "00:03:36", "end": "00:03:40", "text": "We're not going to have any big blowoffs"}, {"start": "00:03:38", "end": "00:03:42", "text": "anymore.\" And the market consolidated."}, {"start": "00:03:40", "end": "00:03:46", "text": "Was it over? Absolutely not. We went"}, {"start": "00:03:42", "end": "00:03:49", "text": "down as low as I would say around 800"}, {"start": "00:03:46", "end": "00:03:51", "text": "$800 billion. And then what happened? We"}, {"start": "00:03:49", "end": "00:03:53", "text": "went into the trillions. The entire"}, {"start": "00:03:51", "end": "00:03:57", "text": "cryptocurrency market cap went to about"}, {"start": "00:03:53", "end": "00:03:59", "text": "4.2 trillion. That is a 5x. So from 2017"}, {"start": "00:03:57", "end": "00:04:02", "text": "or I guess the bare market of 2018 to"}, {"start": "00:03:59", "end": "00:04:06", "text": "2021, we did about a 19x. From the bare"}, {"start": "00:04:02", "end": "00:04:10", "text": "market of 2022, that's the FTX collapse"}, {"start": "00:04:06", "end": "00:04:11", "text": "into 2025, we did about a 5x. What's a"}, {"start": "00:04:10", "end": "00:04:13", "text": "realistic expectation where the entire"}, {"start": "00:04:11", "end": "00:04:18", "text": "cryptocurrency market cap can go let's"}, {"start": "00:04:13", "end": "00:04:20", "text": "say from one to three years I believe"}, {"start": "00:04:18", "end": "00:04:22", "text": "and and to point it out a big a big"}, {"start": "00:04:20", "end": "00:04:24", "text": "factor in the last cycle was memecoins"}, {"start": "00:04:22", "end": "00:04:27", "text": "just because the market cap goes up that"}, {"start": "00:04:24", "end": "00:04:28", "text": "high doesn't mean it's good good money I"}, {"start": "00:04:27", "end": "00:04:30", "text": "mean there were pump and dumps a lot of"}, {"start": "00:04:28", "end": "00:04:32", "text": "them meme coins got flushed out I think"}, {"start": "00:04:30", "end": "00:04:34", "text": "this cycle is different I think this is"}, {"start": "00:04:32", "end": "00:04:36", "text": "the first cycle the cryptocurrency"}, {"start": "00:04:34", "end": "00:04:38", "text": "market is actually regulated right the"}, {"start": "00:04:36", "end": "00:04:40", "text": "CFTC the SEC are regulating this space"}, {"start": "00:04:38", "end": "00:04:42", "text": "for the first First time ever, America's"}, {"start": "00:04:40", "end": "00:04:44", "text": "the largest financial market and we're"}, {"start": "00:04:42", "end": "00:04:48", "text": "seeing literally the entire US stock"}, {"start": "00:04:44", "end": "00:04:50", "text": "market now able to tokenize all the US"}, {"start": "00:04:48", "end": "00:04:52", "text": "equities bring them on chain. That's"}, {"start": "00:04:50", "end": "00:04:54", "text": "primarily happening on Ethereum and"}, {"start": "00:04:52", "end": "00:04:57", "text": "Solana. We're seeing stable coins become"}, {"start": "00:04:54", "end": "00:04:59", "text": "a big thing more than ever uh uh this"}, {"start": "00:04:57", "end": "00:05:00", "text": "cycle versus any other cycle. That's"}, {"start": "00:04:59", "end": "00:05:02", "text": "going to bring a lot of money in. And"}, {"start": "00:05:00", "end": "00:05:04", "text": "the third one's the debasement trade."}, {"start": "00:05:02", "end": "00:05:06", "text": "Bitcoin's even more relevant because"}, {"start": "00:05:04", "end": "00:05:08", "text": "gold is still relevant because they"}, {"start": "00:05:06", "end": "00:05:11", "text": "continue to stimulate the economy, print"}, {"start": "00:05:08", "end": "00:05:15", "text": "money. My personal opinion is it would"}, {"start": "00:05:11", "end": "00:05:17", "text": "be a it would be a sad cycle"}, {"start": "00:05:15", "end": "00:05:20", "text": "if the cryptocurrency market just went"}, {"start": "00:05:17", "end": "00:05:23", "text": "to $6 trillion. I think we're going from"}, {"start": "00:05:20", "end": "00:05:27", "text": "10 to 12. That's my median case. I think"}, {"start": "00:05:23", "end": "00:05:29", "text": "it would be uh you know my my my bare"}, {"start": "00:05:27", "end": "00:05:30", "text": "case would be 6 trillion. So again,"}, {"start": "00:05:29", "end": "00:05:32", "text": "where does that take us? Where are we"}, {"start": "00:05:30", "end": "00:05:36", "text": "right now? Right now the entire crypto"}, {"start": "00:05:32", "end": "00:05:37", "text": "market cap is 2.8 trillion almost three."}, {"start": "00:05:36", "end": "00:05:39", "text": "Let's call it that. Although it was"}, {"start": "00:05:37", "end": "00:05:43", "text": "probably two. Yeah, it was two down"}, {"start": "00:05:39", "end": "00:05:45", "text": "here. My very middling case is a 3x. I"}, {"start": "00:05:43", "end": "00:05:48", "text": "think Bitcoin takes at least from 30 to"}, {"start": "00:05:45", "end": "00:05:52", "text": "50% of that. I also think altcoins do"}, {"start": "00:05:48", "end": "00:05:54", "text": "better this cycle than they did in uh"}, {"start": "00:05:52", "end": "00:05:57", "text": "the last cycle cuz memecoins will always"}, {"start": "00:05:54", "end": "00:05:58", "text": "still be a thing 100%. There's they're"}, {"start": "00:05:57", "end": "00:06:00", "text": "popping off on Robin Hood chain right"}, {"start": "00:05:58", "end": "00:06:03", "text": "now which is on Ethereum. But this is"}, {"start": "00:06:00", "end": "00:06:05", "text": "the year of regulation. So so sticky"}, {"start": "00:06:03", "end": "00:06:08", "text": "money is finally entering the space. The"}, {"start": "00:06:05", "end": "00:06:11", "text": "point is that number one, these 20x,"}, {"start": "00:06:08", "end": "00:06:14", "text": "19x, even 5x big money gains will not"}, {"start": "00:06:11", "end": "00:06:15", "text": "last forever. The reason big money is"}, {"start": "00:06:14", "end": "00:06:18", "text": "coming into this space is because this"}, {"start": "00:06:15", "end": "00:06:21", "text": "is a new technology. It's the technology"}, {"start": "00:06:18", "end": "00:06:22", "text": "that AI bots, artificial intelligence is"}, {"start": "00:06:21", "end": "00:06:25", "text": "probably going to use. We're already"}, {"start": "00:06:22", "end": "00:06:26", "text": "seeing that. It's the money people are"}, {"start": "00:06:25", "end": "00:06:28", "text": "choosing. The people are losing trust"}, {"start": "00:06:26", "end": "00:06:29", "text": "for the American dollar, the American"}, {"start": "00:06:28", "end": "00:06:32", "text": "government. Bitcoin has never been more"}, {"start": "00:06:29", "end": "00:06:34", "text": "relevant. decentralized"}, {"start": "00:06:32", "end": "00:06:37", "text": "uh tech like Ethereum, decentralized AI"}, {"start": "00:06:34", "end": "00:06:38", "text": "has never been more relevant. Um but"}, {"start": "00:06:37", "end": "00:06:40", "text": "it's not going to last forever is the"}, {"start": "00:06:38", "end": "00:06:42", "text": "point. So don't think just because it"}, {"start": "00:06:40", "end": "00:06:43", "text": "has happened the last few years, it's"}, {"start": "00:06:42", "end": "00:06:45", "text": "going to keep happening. I mean, we're"}, {"start": "00:06:43", "end": "00:06:47", "text": "already seeing AI start to take a lot of"}, {"start": "00:06:45", "end": "00:06:49", "text": "that money. Now, the difference is in"}, {"start": "00:06:47", "end": "00:06:51", "text": "order to get rich with AI, you got to be"}, {"start": "00:06:49", "end": "00:06:53", "text": "an insider. You had to invest in the"}, {"start": "00:06:51", "end": "00:06:56", "text": "early rounds that we don't have access"}, {"start": "00:06:53", "end": "00:06:58", "text": "to. Cryptocurrency is global. Anybody"}, {"start": "00:06:56", "end": "00:07:01", "text": "can invest. Now, what coins am I"}, {"start": "00:06:58", "end": "00:07:02", "text": "choosing to allocate my capital for? Not"}, {"start": "00:07:01", "end": "00:07:04", "text": "only the fastest gains, but also the"}, {"start": "00:07:02", "end": "00:07:05", "text": "safest gains. Right? If I just want the"}, {"start": "00:07:04", "end": "00:07:08", "text": "fastest gains, we'll head into the meme"}, {"start": "00:07:05", "end": "00:07:11", "text": "coins. Now, I want my goal is to buy and"}, {"start": "00:07:08", "end": "00:07:13", "text": "hold assets that I believe in long-term"}, {"start": "00:07:11", "end": "00:07:15", "text": "and bet on the mega trends. So, the"}, {"start": "00:07:13", "end": "00:07:17", "text": "assets I'm choosing to hold as well as"}, {"start": "00:07:15", "end": "00:07:19", "text": "the mistakes that I'm learning from and"}, {"start": "00:07:17", "end": "00:07:21", "text": "made along the way. Here are the three"}, {"start": "00:07:19", "end": "00:07:24", "text": "big things I wish I knew when I first"}, {"start": "00:07:21", "end": "00:07:26", "text": "started investing in crypto. Number one,"}, {"start": "00:07:24", "end": "00:07:28", "text": "everybody. Everybody, including me,"}, {"start": "00:07:26", "end": "00:07:31", "text": "we're all just shilling our own bags,"}, {"start": "00:07:28", "end": "00:07:33", "text": "right? I'm a holder of Bitcoin. I hold"}, {"start": "00:07:31", "end": "00:07:36", "text": "some of the coins I'm going to mention"}, {"start": "00:07:33", "end": "00:07:37", "text": "today. And it's not because I don't"}, {"start": "00:07:36", "end": "00:07:39", "text": "believe in them. I just want my bags to"}, {"start": "00:07:37", "end": "00:07:40", "text": "go up. It's because I do believe in"}, {"start": "00:07:39", "end": "00:07:42", "text": "them. That's why I chose to allocate"}, {"start": "00:07:40", "end": "00:07:43", "text": "money into them. And I believe in them"}, {"start": "00:07:42", "end": "00:07:44", "text": "so much I'm going to talk about them,"}, {"start": "00:07:43", "end": "00:07:46", "text": "too. So, of course, they're going to be"}, {"start": "00:07:44", "end": "00:07:47", "text": "backed up with data. But the point is"}, {"start": "00:07:46", "end": "00:07:50", "text": "something I wish I knew when I first"}, {"start": "00:07:47", "end": "00:07:51", "text": "started. Everybody on X, everybody on"}, {"start": "00:07:50", "end": "00:07:53", "text": "social media, everybody on YouTube is"}, {"start": "00:07:51", "end": "00:07:55", "text": "just showing their own bags. Understand"}, {"start": "00:07:53", "end": "00:07:57", "text": "that and then make choices based on just"}, {"start": "00:07:55", "end": "00:07:58", "text": "you having all the information. It's not"}, {"start": "00:07:57", "end": "00:08:01", "text": "illegal, but you should know. And by the"}, {"start": "00:07:58", "end": "00:08:04", "text": "way, Altcoin Daily always lists 100% of"}, {"start": "00:08:01", "end": "00:08:05", "text": "our portfolio allocations in the video"}, {"start": "00:08:04", "end": "00:08:07", "text": "description on YouTube. So, we'll always"}, {"start": "00:08:05", "end": "00:08:09", "text": "be transparent with you. I think that's"}, {"start": "00:08:07", "end": "00:08:12", "text": "why we built such a such a big audience"}, {"start": "00:08:09", "end": "00:08:14", "text": "that interacts with us uh so greatly."}, {"start": "00:08:12", "end": "00:08:17", "text": "Number two mistake that I wish that I"}, {"start": "00:08:14", "end": "00:08:20", "text": "made that I wish I knew I understood"}, {"start": "00:08:17", "end": "00:08:23", "text": "when I first started is dollar cost"}, {"start": "00:08:20", "end": "00:08:25", "text": "average truly is the best way to get"}, {"start": "00:08:23", "end": "00:08:28", "text": "wealthy with a long-term outlook. The"}, {"start": "00:08:25", "end": "00:08:30", "text": "biggest hedge funds money on earth. They"}, {"start": "00:08:28", "end": "00:08:32", "text": "cannot time the bottoms. They're"}, {"start": "00:08:30", "end": "00:08:34", "text": "certainly not going to time the tops. So"}, {"start": "00:08:32", "end": "00:08:37", "text": "what do you do around the bottom? You"}, {"start": "00:08:34", "end": "00:08:39", "text": "start if you have a $100,000. Let's just"}, {"start": "00:08:37", "end": "00:08:42", "text": "say we're imagining here. You put in"}, {"start": "00:08:39", "end": "00:08:44", "text": "$20,000 this month, $20,000 next month."}, {"start": "00:08:42", "end": "00:08:45", "text": "You think the bottom's it's bottoming"}, {"start": "00:08:44", "end": "00:08:47", "text": "sometime this year. We saw that this"}, {"start": "00:08:45", "end": "00:08:49", "text": "year, right? Everybody's screaming we're"}, {"start": "00:08:47", "end": "00:08:51", "text": "going lower. No. Whatever your"}, {"start": "00:08:49", "end": "00:08:54", "text": "allocation is, you you take it out"}, {"start": "00:08:51", "end": "00:08:55", "text": "around the bottom. Hold long term. And"}, {"start": "00:08:54", "end": "00:08:57", "text": "of course, if you get a paycheck, don't"}, {"start": "00:08:55", "end": "00:08:58", "text": "even worry about where the price is. 100"}, {"start": "00:08:57", "end": "00:09:00", "text": "bucks every week, 200 bucks every two"}, {"start": "00:08:58", "end": "00:09:02", "text": "weeks, whatever it is. Dollar cost"}, {"start": "00:09:00", "end": "00:09:04", "text": "average with a decade long time frame."}, {"start": "00:09:02", "end": "00:09:07", "text": "That's how I do it. That's how the big"}, {"start": "00:09:04", "end": "00:09:08", "text": "money does it. And number three, advice."}, {"start": "00:09:07", "end": "00:09:11", "text": "mistakes I've made, advice I'm taking"}, {"start": "00:09:08", "end": "00:09:13", "text": "into this ne next cycle."}, {"start": "00:09:11", "end": "00:09:15", "text": "As the price gets more bullish, as the"}, {"start": "00:09:13", "end": "00:09:17", "text": "news comes out that just is so much more"}, {"start": "00:09:15", "end": "00:09:20", "text": "bullish than you could have ever hoped,"}, {"start": "00:09:17", "end": "00:09:22", "text": "your price targets in terms of if you"}, {"start": "00:09:20", "end": "00:09:24", "text": "take profits shouldn't change just"}, {"start": "00:09:22", "end": "00:09:25", "text": "because the excitement changes, just"}, {"start": "00:09:24", "end": "00:09:28", "text": "because the price changes, right? If if"}, {"start": "00:09:25", "end": "00:09:30", "text": "Bitcoin goes, let's say, hey, Bitcoin's"}, {"start": "00:09:28", "end": "00:09:33", "text": "around $70,000 today. If it hits 140, if"}, {"start": "00:09:30", "end": "00:09:34", "text": "it doubles, why not take half off the"}, {"start": "00:09:33", "end": "00:09:37", "text": "table and just have the house of money,"}, {"start": "00:09:34", "end": "00:09:38", "text": "right? Uh, but let's say we're going to"}, {"start": "00:09:37", "end": "00:09:40", "text": "140"}, {"start": "00:09:38", "end": "00:09:42", "text": "and everybody's screaming, \"Whoa, we're"}, {"start": "00:09:40", "end": "00:09:45", "text": "going to 200,000. Well, I don't want to"}, {"start": "00:09:42", "end": "00:09:47", "text": "take profits because Bitcoin's price may"}, {"start": "00:09:45", "end": "00:09:48", "text": "go higher.\" No. Have a plan. Stick to"}, {"start": "00:09:47", "end": "00:09:50", "text": "it. And just because the price changes"}, {"start": "00:09:48", "end": "00:09:54", "text": "because your excitement changes doesn't"}, {"start": "00:09:50", "end": "00:09:55", "text": "mean your plan should change. Just like,"}, {"start": "00:09:54", "end": "00:09:57", "text": "you know, I planned to buy Bitcoin"}, {"start": "00:09:55", "end": "00:10:00", "text": "around the bottom. But when it was"}, {"start": "00:09:57", "end": "00:10:02", "text": "around 58,000, $60,000, everybody was"}, {"start": "00:10:00", "end": "00:10:03", "text": "screaming it was going lower. If this"}, {"start": "00:10:02", "end": "00:10:05", "text": "channel would have waited, if I would"}, {"start": "00:10:03", "end": "00:10:07", "text": "have waited, I'd still be waiting,"}, {"start": "00:10:05", "end": "00:10:10", "text": "right? Bitcoin's price has pumped 40% in"}, {"start": "00:10:07", "end": "00:10:11", "text": "the last few months. So, take emotion"}, {"start": "00:10:10", "end": "00:10:13", "text": "out of it. Price changes, don't let the"}, {"start": "00:10:11", "end": "00:10:15", "text": "plan change. And then, of course, the"}, {"start": "00:10:13", "end": "00:10:16", "text": "numbers. Which coins am I looking at?"}, {"start": "00:10:15", "end": "00:10:18", "text": "Which mega trends am I betting on? And"}, {"start": "00:10:16", "end": "00:10:20", "text": "truly, if you're starting with zero"}, {"start": "00:10:18", "end": "00:10:22", "text": "dollars, let's be realistic, right? This"}, {"start": "00:10:20", "end": "00:10:24", "text": "channel will always keep things"}, {"start": "00:10:22", "end": "00:10:26", "text": "realistic with you. If you've made it"}, {"start": "00:10:24", "end": "00:10:29", "text": "this far in today's video, comment down"}, {"start": "00:10:26", "end": "00:10:30", "text": "below, carrot, because we got to be"}, {"start": "00:10:29", "end": "00:10:32", "text": "healthy. Carrot. If you made it this"}, {"start": "00:10:30", "end": "00:10:35", "text": "far, some people click click clicked off"}, {"start": "00:10:32", "end": "00:10:37", "text": "in the first five, but not you, not us."}, {"start": "00:10:35", "end": "00:10:38", "text": "I think if you're starting with zero"}, {"start": "00:10:37", "end": "00:10:40", "text": "dollars, you can't make a million"}, {"start": "00:10:38", "end": "00:10:42", "text": "dollars in 12 months. That's not"}, {"start": "00:10:40", "end": "00:10:43", "text": "realistic. In fact, that's stupid."}, {"start": "00:10:42", "end": "00:10:46", "text": "Number one thing you should honestly do"}, {"start": "00:10:43", "end": "00:10:47", "text": "is get some recurring revenue. Up your"}, {"start": "00:10:46", "end": "00:10:48", "text": "income because if you don't have"}, {"start": "00:10:47", "end": "00:10:50", "text": "discretionary money, if you have debt,"}, {"start": "00:10:48", "end": "00:10:51", "text": "then you're not doing anything and you"}, {"start": "00:10:50", "end": "00:10:52", "text": "should not be investing in"}, {"start": "00:10:51", "end": "00:10:56", "text": "cryptocurrency."}, {"start": "00:10:52", "end": "00:10:58", "text": "Um, let's say you've gotten that job,"}, {"start": "00:10:56", "end": "00:11:00", "text": "you now have $1,000 of discretionary"}, {"start": "00:10:58", "end": "00:11:03", "text": "income. I still do not think becoming a"}, {"start": "00:11:00", "end": "00:11:06", "text": "millionaire in 12 months is realistic. I"}, {"start": "00:11:03", "end": "00:11:08", "text": "think if you can get that 1,000"}, {"start": "00:11:06", "end": "00:11:11", "text": "to"}, {"start": "00:11:08", "end": "00:11:15", "text": "8 to 12,000 10,000 that would be a huge"}, {"start": "00:11:11", "end": "00:11:18", "text": "huge huge win. Just like if you're"}, {"start": "00:11:15", "end": "00:11:21", "text": "starting with 10,000 to let's say 25,000"}, {"start": "00:11:18", "end": "00:11:23", "text": "then your goal should be 100,000 in 12"}, {"start": "00:11:21", "end": "00:11:25", "text": "months. If you want to become a"}, {"start": "00:11:23", "end": "00:11:27", "text": "millionaire, unless you're going to get"}, {"start": "00:11:25", "end": "00:11:28", "text": "lucky and yolo on the meme coins, you"}, {"start": "00:11:27", "end": "00:11:31", "text": "really can't do it unless you're"}, {"start": "00:11:28", "end": "00:11:32", "text": "starting with 100 to $200,000. That's my"}, {"start": "00:11:31", "end": "00:11:33", "text": "opinion. If you have something else, if"}, {"start": "00:11:32", "end": "00:11:35", "text": "you don't think that's realistic,"}, {"start": "00:11:33", "end": "00:11:36", "text": "comment down below. That being said,"}, {"start": "00:11:35", "end": "00:11:38", "text": "whatever you have, keeping those"}, {"start": "00:11:36", "end": "00:11:41", "text": "realistic expectations,"}, {"start": "00:11:38", "end": "00:11:43", "text": "I still think that the basement trade"}, {"start": "00:11:41", "end": "00:11:46", "text": "Bitcoin"}, {"start": "00:11:43", "end": "00:11:48", "text": "as a digital gold, it is not too late."}, {"start": "00:11:46", "end": "00:11:50", "text": "Bitcoin maybe won't make you rich, quote"}, {"start": "00:11:48", "end": "00:11:51", "text": "unquote, but it's not going to it's it's"}, {"start": "00:11:50", "end": "00:11:53", "text": "your bank. It's my bank account. That's"}, {"start": "00:11:51", "end": "00:11:55", "text": "how I think about it. It's where I take"}, {"start": "00:11:53", "end": "00:11:58", "text": "profits into. I always want to keep my"}, {"start": "00:11:55", "end": "00:12:00", "text": "Bitcoin position. So, I would put 40% of"}, {"start": "00:11:58", "end": "00:12:02", "text": "my portfolio. I would keep 100% minimum"}, {"start": "00:12:00", "end": "00:12:04", "text": "in Bitcoin because that's what I have"}, {"start": "00:12:02", "end": "00:12:05", "text": "the most belief in belief in. It's going"}, {"start": "00:12:04", "end": "00:12:07", "text": "to be here in 10 years, 20 years, I"}, {"start": "00:12:05", "end": "00:12:10", "text": "believe. Um, so I always want to keep a"}, {"start": "00:12:07", "end": "00:12:13", "text": "Bitcoin position. That being said, after"}, {"start": "00:12:10", "end": "00:12:15", "text": "that, I'm going to get a basket of six."}, {"start": "00:12:13", "end": "00:12:16", "text": "I'm not going to have 20 coins, not"}, {"start": "00:12:15", "end": "00:12:20", "text": "gonna have even 10 coins. I'm going to"}, {"start": "00:12:16", "end": "00:12:23", "text": "have six coins with the most money so I"}, {"start": "00:12:20", "end": "00:12:25", "text": "can keep tabs on that and all these"}, {"start": "00:12:23", "end": "00:12:27", "text": "coins mentioned today uh we're going to"}, {"start": "00:12:25", "end": "00:12:28", "text": "keep tabs on that with every single"}, {"start": "00:12:27", "end": "00:12:31", "text": "video. So you can always subscribe here"}, {"start": "00:12:28", "end": "00:12:33", "text": "for the for the news every day, good and"}, {"start": "00:12:31", "end": "00:12:34", "text": "bad. But I would bet on mega trends and"}, {"start": "00:12:33", "end": "00:12:37", "text": "that those mega trends would be"}, {"start": "00:12:34", "end": "00:12:38", "text": "tokenization. So that means means smart"}, {"start": "00:12:37", "end": "00:12:40", "text": "contract platforms. Where is the US"}, {"start": "00:12:38", "end": "00:12:42", "text": "equity market being tokenized? Stable"}, {"start": "00:12:40", "end": "00:12:45", "text": "coins and tokenization. That's smart"}, {"start": "00:12:42", "end": "00:12:48", "text": "contract platforms. Examples of that"}, {"start": "00:12:45", "end": "00:12:50", "text": "would be Cardano. Solana, Ethereum, Near"}, {"start": "00:12:48", "end": "00:12:52", "text": "Protocol, Algrand, Avalanche, I"}, {"start": "00:12:50", "end": "00:12:53", "text": "personally am betting on Solana and"}, {"start": "00:12:52", "end": "00:12:55", "text": "Ethereum."}, {"start": "00:12:53", "end": "00:12:57", "text": "Even if one other random one does"}, {"start": "00:12:55", "end": "00:13:01", "text": "better, I think those two will continue"}, {"start": "00:12:57", "end": "00:13:03", "text": "to accumulate the majority of the money."}, {"start": "00:13:01", "end": "00:13:05", "text": "Um, those are smart contracts. That's"}, {"start": "00:13:03", "end": "00:13:07", "text": "tokenization."}, {"start": "00:13:05", "end": "00:13:09", "text": "I would also bet on decentralized AI. I"}, {"start": "00:13:07", "end": "00:13:11", "text": "think the three big bet on the blue"}, {"start": "00:13:09", "end": "00:13:13", "text": "chips is my strategy. Bet on the blue"}, {"start": "00:13:11", "end": "00:13:15", "text": "chips and ride the wave. Ride the mega"}, {"start": "00:13:13", "end": "00:13:17", "text": "trend over the next one to three years."}, {"start": "00:13:15", "end": "00:13:19", "text": "I think that's near protocol. I think"}, {"start": "00:13:17", "end": "00:13:21", "text": "that's Venice token and I think that's"}, {"start": "00:13:19", "end": "00:13:23", "text": "Bit Tensor Tao, you know, on the"}, {"start": "00:13:21", "end": "00:13:26", "text": "channel."}, {"start": "00:13:23", "end": "00:13:29", "text": "I personally choose I would rather bet"}, {"start": "00:13:26", "end": "00:13:31", "text": "on the infrastructure. Meaning, oh man,"}, {"start": "00:13:29", "end": "00:13:33", "text": "I know decentralized AI is going to do"}, {"start": "00:13:31", "end": "00:13:34", "text": "good. But if I pick this coin and"}, {"start": "00:13:33", "end": "00:13:36", "text": "actually this other coin does well, why"}, {"start": "00:13:34", "end": "00:13:38", "text": "did I just pick one coin? The better"}, {"start": "00:13:36", "end": "00:13:40", "text": "thing is invest in the plumbing, invest"}, {"start": "00:13:38", "end": "00:13:42", "text": "in the infrastructure. Again, that's why"}, {"start": "00:13:40", "end": "00:13:45", "text": "I personally chose BitTensor is because"}, {"start": "00:13:42", "end": "00:13:48", "text": "robotics and early AI startups, early"}, {"start": "00:13:45", "end": "00:13:52", "text": "stage companies are being built on the"}, {"start": "00:13:48", "end": "00:13:54", "text": "Bit Tensor uh blockchain and even if"}, {"start": "00:13:52", "end": "00:13:57", "text": "just one hits, maybe 99 will fail, one"}, {"start": "00:13:54", "end": "00:14:00", "text": "or two hit, Bit Tensor will benefit as"}, {"start": "00:13:57", "end": "00:14:02", "text": "opposed to some of the other coins. Um,"}, {"start": "00:14:00", "end": "00:14:05", "text": "so invest in the infrastructure. That's"}, {"start": "00:14:02", "end": "00:14:07", "text": "how I would honestly start from whatever"}, {"start": "00:14:05", "end": "00:14:08", "text": "amount of money I had to be become a"}, {"start": "00:14:07", "end": "00:14:11", "text": "crypto millionaire or get very very"}, {"start": "00:14:08", "end": "00:14:12", "text": "wealthy in these next 12 months. Of"}, {"start": "00:14:11", "end": "00:14:15", "text": "course,"}, {"start": "00:14:12", "end": "00:14:17", "text": "if we go into a recession, if we have"}, {"start": "00:14:15", "end": "00:14:20", "text": "some black swan event, some you know"}, {"start": "00:14:17", "end": "00:14:22", "text": "bombing of whatever country, whatever"}, {"start": "00:14:20", "end": "00:14:24", "text": "thing dips are going to happen, but that"}, {"start": "00:14:22", "end": "00:14:26", "text": "does not invalidate the mega trend. That"}, {"start": "00:14:24", "end": "00:14:28", "text": "does not invalidate the fundamentals,"}, {"start": "00:14:26", "end": "00:14:31", "text": "right? COVID happened and that didn't"}, {"start": "00:14:28", "end": "00:14:32", "text": "invaluate"}, {"start": "00:14:31", "end": "00:14:34", "text": "the fundamentals. Everything got a"}, {"start": "00:14:32", "end": "00:14:36", "text": "repricing and we found out what actually"}, {"start": "00:14:34", "end": "00:14:38", "text": "had value. Uh but those were buying"}, {"start": "00:14:36", "end": "00:14:40", "text": "opportunities. The easiest the thing you"}, {"start": "00:14:38", "end": "00:14:42", "text": "can do right now that's completely free."}, {"start": "00:14:40", "end": "00:14:43", "text": "It costs you nothing is just stay"}, {"start": "00:14:42", "end": "00:14:45", "text": "subscribed. Right? If you have a friend,"}, {"start": "00:14:43", "end": "00:14:46", "text": "share this video with a friend. You"}, {"start": "00:14:45", "end": "00:14:48", "text": "don't want to become a millionaire"}, {"start": "00:14:46", "end": "00:14:49", "text": "alone. But also just keep tuning in"}, {"start": "00:14:48", "end": "00:14:51", "text": "every single day because I want the"}, {"start": "00:14:49", "end": "00:14:52", "text": "altcoin daily army to be better"}, {"start": "00:14:51", "end": "00:14:54", "text": "investors. We're going to do better."}, {"start": "00:14:52", "end": "00:14:57", "text": "We're going to big we have some big big"}, {"start": "00:14:54", "end": "00:14:58", "text": "big big big guests coming on the channel"}, {"start": "00:14:57", "end": "00:15:00", "text": "that are going to talk about"}, {"start": "00:14:58", "end": "00:15:01", "text": "cryptocurrency and I want you to"}, {"start": "00:15:00", "end": "00:15:03", "text": "understand the information first. So"}, {"start": "00:15:01", "end": "00:15:06", "text": "click subscribe, click the like button"}, {"start": "00:15:03", "end": "00:15:06", "text": "and like always see you tomorrow."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "So, if that demand continues into the"}, {"start": "00:00:02", "end": "00:00:07", "text": "multi-year time frame, what's a fair"}, {"start": "00:00:04", "end": "00:00:10", "text": "price for Ethereum by the end of it?"}, {"start": "00:00:07", "end": "00:00:13", "text": ">> Fair. I think a fair price for Ethereum"}, {"start": "00:00:10", "end": "00:00:16", "text": "is over $50,000 per coin because I think"}, {"start": "00:00:13", "end": "00:00:20", "text": "it's going to be that important."}, {"start": "00:00:16", "end": "00:00:22", "text": "We could see ETH make its way well over"}, {"start": "00:00:20", "end": "00:00:24", "text": "15K in 2026. If all of these"}, {"start": "00:00:22", "end": "00:00:26", "text": "institutions are about to start building"}, {"start": "00:00:24", "end": "00:00:28", "text": "the future of their financial systems on"}, {"start": "00:00:26", "end": "00:00:30", "text": "ETH, on ETH L2s, then it would make"}, {"start": "00:00:28", "end": "00:00:31", "text": "sense that Ethereum would gradually make"}, {"start": "00:00:30", "end": "00:00:33", "text": "its way up and kind of follow Bitcoin."}, {"start": "00:00:31", "end": "00:00:34", "text": "You know, Bitcoin makes its way to a"}, {"start": "00:00:33", "end": "00:00:36", "text": "million dollars, ETH would try to make"}, {"start": "00:00:34", "end": "00:00:38", "text": "its way to close to $100,000, you know,"}, {"start": "00:00:36", "end": "00:00:41", "text": "in time. Um, I think that there's no"}, {"start": "00:00:38", "end": "00:00:42", "text": "real reason why ETH can't be one of the"}, {"start": "00:00:41", "end": "00:00:44", "text": "most important assets on Earth. And I"}, {"start": "00:00:42", "end": "00:00:46", "text": "think that with the growth of Ethereum,"}, {"start": "00:00:44", "end": "00:00:48", "text": "we'll see the growth of a lot of the"}, {"start": "00:00:46", "end": "00:00:50", "text": "things that kind of burned retail in the"}, {"start": "00:00:48", "end": "00:00:52", "text": "prior cycles. And the reason why retail"}, {"start": "00:00:50", "end": "00:00:54", "text": "got burned in the prior cycles was that"}, {"start": "00:00:52", "end": "00:00:56", "text": "during the mania, the cart got way ahead"}, {"start": "00:00:54", "end": "00:00:58", "text": "of the horse, you know, and so without"}, {"start": "00:00:56", "end": "00:01:00", "text": "Wall Street money, without the biggest"}, {"start": "00:00:58", "end": "00:01:01", "text": "pools of money being able to flow in,"}, {"start": "00:01:00", "end": "00:01:03", "text": "there's just a limit on how far things"}, {"start": "00:01:01", "end": "00:01:05", "text": "can go. And so now that we're sort of"}, {"start": "00:01:03", "end": "00:01:07", "text": "unccoring that money spigot and letting"}, {"start": "00:01:05", "end": "00:01:09", "text": "that money flow in methodically into the"}, {"start": "00:01:07", "end": "00:01:11", "text": "industry, we're going to see that this"}, {"start": "00:01:09", "end": "00:01:13", "text": "growth doesn't have a limit. It doesn't"}, {"start": "00:01:11", "end": "00:01:13", "text": "have the same ceiling."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "Crypto still illegal [music]"}, {"start": "00:00:02", "end": "00:00:08", "text": "in the United States of America. The"}, {"start": "00:00:05", "end": "00:00:12", "text": "Crypto Clarity Act fails in the Senate"}, {"start": "00:00:08", "end": "00:00:15", "text": "vote today. Couldn't even get majority"}, {"start": "00:00:12", "end": "00:00:18", "text": "as the yeas were 49, the nays were 50. I"}, {"start": "00:00:15", "end": "00:00:20", "text": "could not believe she said this when she"}, {"start": "00:00:18", "end": "00:00:21", "text": "said this. This seemed like minutes"}, {"start": "00:00:20", "end": "00:00:23", "text": "before the vote."}, {"start": "00:00:21", "end": "00:00:26", "text": ">> It would make it easier for terrorist"}, {"start": "00:00:23", "end": "00:00:30", "text": "organizations or drug cartels and for"}, {"start": "00:00:26", "end": "00:00:34", "text": "rogue states to buy and sell weapons and"}, {"start": "00:00:30", "end": "00:00:35", "text": "pay off government officials all using"}, {"start": "00:00:34", "end": "00:00:38", "text": "crypto."}, {"start": "00:00:35", "end": "00:00:40", "text": "Easier for terrorists to finance their"}, {"start": "00:00:38", "end": "00:00:43", "text": "operations and harder for law"}, {"start": "00:00:40", "end": "00:00:47", "text": "enforcement to catch them. Easier for"}, {"start": "00:00:43", "end": "00:00:50", "text": "scammers to cheat Americans and harder"}, {"start": "00:00:47", "end": "00:00:54", "text": "for law enforcement to catch them."}, {"start": "00:00:50", "end": "00:00:57", "text": "Easier for Iran and North Korea to evade"}, {"start": "00:00:54", "end": "00:01:00", "text": "sanctions and harder for law enforcement"}, {"start": "00:00:57", "end": "00:01:03", "text": "to catch them."}, {"start": "00:01:00", "end": "00:01:05", "text": "This bill would put us all at risk of a"}, {"start": "00:01:03", "end": "00:01:09", "text": "crypto-fueled"}, {"start": "00:01:05", "end": "00:01:09", "text": "economic crash."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "The cryptocurrency market is exploding."}, {"start": "00:00:01", "end": "00:00:06", "text": "Here's the actual reason why, as well as"}, {"start": "00:00:04", "end": "00:00:07", "text": "what comes next. My name's Austin. I've"}, {"start": "00:00:06", "end": "00:00:10", "text": "been in the markets for almost 9 years,"}, {"start": "00:00:07", "end": "00:00:12", "text": "and I've seen a lot. The Bitcoin price"}, {"start": "00:00:10", "end": "00:00:15", "text": "started rallying"}, {"start": "00:00:12", "end": "00:00:18", "text": "about 4 weeks ago when the United States"}, {"start": "00:00:15", "end": "00:00:20", "text": "started their treasury debt buybacks."}, {"start": "00:00:18", "end": "00:00:23", "text": "This was a signal to the market that the"}, {"start": "00:00:20", "end": "00:00:25", "text": "United States government will not stop"}, {"start": "00:00:23", "end": "00:00:27", "text": "printing. They will continue to print"}, {"start": "00:00:25", "end": "00:00:29", "text": "money, run it hot, stimulate the"}, {"start": "00:00:27", "end": "00:00:32", "text": "economy, and obviously hard assets that"}, {"start": "00:00:29", "end": "00:00:34", "text": "are capped sort of like a digital gold,"}, {"start": "00:00:32", "end": "00:00:36", "text": "they're going to rally because of it."}, {"start": "00:00:34", "end": "00:00:38", "text": "So, that was reason number one."}, {"start": "00:00:36", "end": "00:00:40", "text": "Reason number two and three are the SEC"}, {"start": "00:00:38", "end": "00:00:42", "text": "and the CFTC and the big announcements"}, {"start": "00:00:40", "end": "00:00:44", "text": "that just happened."}, {"start": "00:00:42", "end": "00:00:48", "text": "And for clarity,"}, {"start": "00:00:44", "end": "00:00:49", "text": "uh the largest crypto bill that was ever"}, {"start": "00:00:48", "end": "00:00:51", "text": "to be passed by the United States had"}, {"start": "00:00:49", "end": "00:00:53", "text": "just failed in the Senate. It was"}, {"start": "00:00:51", "end": "00:00:55", "text": "actually called the Clarity Act. Altcoin"}, {"start": "00:00:53", "end": "00:00:56", "text": "Daily covered it. We kept you informed."}, {"start": "00:00:55", "end": "00:00:58", "text": "It was bad news for the crypto market"}, {"start": "00:00:56", "end": "00:00:59", "text": "because we want legislation. We want"}, {"start": "00:00:58", "end": "00:01:01", "text": "law."}, {"start": "00:00:59", "end": "00:01:02", "text": "Well, because it failed, we're not going"}, {"start": "00:01:01", "end": "00:01:05", "text": "to legislate. We're going to regulate."}, {"start": "00:01:02", "end": "00:01:06", "text": "And what the CFTC and the SEC just"}, {"start": "00:01:05", "end": "00:01:08", "text": "announced"}, {"start": "00:01:06", "end": "00:01:10", "text": "are extremely bullish for the crypto"}, {"start": "00:01:08", "end": "00:01:12", "text": "market because this is the largest"}, {"start": "00:01:10", "end": "00:01:14", "text": "financial market on Earth."}, {"start": "00:01:12", "end": "00:01:16", "text": "The United States saying you are"}, {"start": "00:01:14", "end": "00:01:18", "text": "allowed, at least for the next, I think"}, {"start": "00:01:16", "end": "00:01:20", "text": "5 years,"}, {"start": "00:01:18", "end": "00:01:21", "text": "to tokenize your stocks, tokenize your"}, {"start": "00:01:20", "end": "00:01:24", "text": "assets, literally bring everything on"}, {"start": "00:01:21", "end": "00:01:26", "text": "the blockchain, on Ethereum, on Solana."}, {"start": "00:01:24", "end": "00:01:28", "text": "Subscribe for more. I'll keep you"}, {"start": "00:01:26", "end": "00:01:28", "text": "updated."}]

[{"start": "00:00:01", "end": "00:00:07", "text": "Welcome back. So, today was kind of a"}, {"start": "00:00:03", "end": "00:00:09", "text": "boring day, but a good day nevertheless,"}, {"start": "00:00:07", "end": "00:00:11", "text": "so we'll take it. Overall, we didn't"}, {"start": "00:00:09", "end": "00:00:12", "text": "have a lot of volatility. We didn't have"}, {"start": "00:00:11", "end": "00:00:15", "text": "a lot of movement, but Bitcoin is still"}, {"start": "00:00:12", "end": "00:00:18", "text": "holding very well. A lot of alts are"}, {"start": "00:00:15", "end": "00:00:23", "text": "still rising up. So, let's talk about"}, {"start": "00:00:18", "end": "00:00:27", "text": "what to expect. the next levels that we"}, {"start": "00:00:23", "end": "00:00:30", "text": "may hit pretty darn soon as as we clear"}, {"start": "00:00:27", "end": "00:00:33", "text": "some of these hurdles. We got some big"}, {"start": "00:00:30", "end": "00:00:37", "text": "moves ahead. So, let's talk about them."}, {"start": "00:00:33", "end": "00:00:40", "text": "So, right now, Bitcoin is at 864."}, {"start": "00:00:37", "end": "00:00:42", "text": "Okay, so this is what it's looking like"}, {"start": "00:00:40", "end": "00:00:44", "text": "and that is the resistance, right? We"}, {"start": "00:00:42", "end": "00:00:46", "text": "hit that"}, {"start": "00:00:44", "end": "00:00:49", "text": "uh not too long ago. And where is that?"}, {"start": "00:00:46", "end": "00:00:51", "text": "Let me unlock this."}, {"start": "00:00:49", "end": "00:00:54", "text": "That's right around 87,400"}, {"start": "00:00:51", "end": "00:00:56", "text": "and we hit that right. So, we trended"}, {"start": "00:00:54", "end": "00:00:57", "text": "down a little bit. The market cooled off"}, {"start": "00:00:56", "end": "00:00:59", "text": "a little bit, but now we're starting to"}, {"start": "00:00:57", "end": "00:01:01", "text": "gain strength. It looks like we want to"}, {"start": "00:00:59", "end": "00:01:05", "text": "head back up. And this morning, I showed"}, {"start": "00:01:01", "end": "00:01:08", "text": "how there was a lot of shorts, a lot of"}, {"start": "00:01:05", "end": "00:01:10", "text": "contracts, a lot of sell walls right"}, {"start": "00:01:08", "end": "00:01:14", "text": "around here. And we're slowly cracking"}, {"start": "00:01:10", "end": "00:01:15", "text": "through. So, if we get them to be get if"}, {"start": "00:01:14", "end": "00:01:17", "text": "we get them to get liquidated, then"}, {"start": "00:01:15", "end": "00:01:20", "text": "we're gonna get a pretty good short"}, {"start": "00:01:17", "end": "00:01:23", "text": "squeeze pushing us to the upside, right?"}, {"start": "00:01:20", "end": "00:01:25", "text": "But where is that leading? Well, if I"}, {"start": "00:01:23", "end": "00:01:27", "text": "zoom in, zoom out a little bit, that's"}, {"start": "00:01:25", "end": "00:01:31", "text": "where we're leading. So, if we could"}, {"start": "00:01:27", "end": "00:01:34", "text": "break through that, then we go back to"}, {"start": "00:01:31", "end": "00:01:37", "text": "this point, which was back in like"}, {"start": "00:01:34", "end": "00:01:39", "text": "January of this year, and that's around"}, {"start": "00:01:37", "end": "00:01:44", "text": "$93,000,"}, {"start": "00:01:39", "end": "00:01:47", "text": "right? Right there. 9394. So, we can"}, {"start": "00:01:44", "end": "00:01:50", "text": "quickly get up there"}, {"start": "00:01:47", "end": "00:01:53", "text": "uh in a short order. So, if we get a bit"}, {"start": "00:01:50", "end": "00:01:56", "text": "more momentum, some more money coming"}, {"start": "00:01:53", "end": "00:01:59", "text": "in, some more short squeezes, we could"}, {"start": "00:01:56", "end": "00:02:01", "text": "get back to 94 in no time. And once that"}, {"start": "00:01:59", "end": "00:02:03", "text": "happens, you guys know six figures is"}, {"start": "00:02:01", "end": "00:02:06", "text": "right around the corner. So, if you look"}, {"start": "00:02:03", "end": "00:02:08", "text": "at some of the others like ETH, man, if"}, {"start": "00:02:06", "end": "00:02:12", "text": "you zoom out for ETH, same thing. It's"}, {"start": "00:02:08", "end": "00:02:15", "text": "held below this resistance. Okay, back"}, {"start": "00:02:12", "end": "00:02:18", "text": "here January. And if we go a little bit"}, {"start": "00:02:15", "end": "00:02:22", "text": "further, I mean, next stop could be"}, {"start": "00:02:18", "end": "00:02:22", "text": "about right here, 3400."}, {"start": "00:02:22", "end": "00:02:26", "text": "That's a good jump. That's like a 20%"}, {"start": "00:02:24", "end": "00:02:29", "text": "jump from here. And someone like Soul,"}, {"start": "00:02:26", "end": "00:02:32", "text": "which is actually really, really behind"}, {"start": "00:02:29", "end": "00:02:35", "text": "still. You could see"}, {"start": "00:02:32", "end": "00:02:38", "text": "how it's just been really low. Haven't"}, {"start": "00:02:35", "end": "00:02:41", "text": "been moving right up here. That's the"}, {"start": "00:02:38", "end": "00:02:43", "text": "next stop and that is right around"}, {"start": "00:02:41", "end": "00:02:49", "text": "150."}, {"start": "00:02:43", "end": "00:02:51", "text": "Okay. So, a lot of big movements"}, {"start": "00:02:49", "end": "00:02:54", "text": "coming up. And then even after 150, look"}, {"start": "00:02:51", "end": "00:02:56", "text": "at the next resistance 186"}, {"start": "00:02:54", "end": "00:03:00", "text": "219."}, {"start": "00:02:56", "end": "00:03:03", "text": "Big moves ahead. It's going to get very,"}, {"start": "00:03:00", "end": "00:03:06", "text": "very exciting, guys. Very, very"}, {"start": "00:03:03", "end": "00:03:08", "text": "exciting. And this week there's nothing"}, {"start": "00:03:06", "end": "00:03:12", "text": "to stop us other than the the President"}, {"start": "00:03:08", "end": "00:03:14", "text": "Xi summit. There's no economic data."}, {"start": "00:03:12", "end": "00:03:16", "text": "There's no like"}, {"start": "00:03:14", "end": "00:03:19", "text": "governor speaking. Not that I'm aware"}, {"start": "00:03:16", "end": "00:03:22", "text": "of. There's no quarterly results."}, {"start": "00:03:19", "end": "00:03:24", "text": "Nothing like that. Okay. So, it could"}, {"start": "00:03:22", "end": "00:03:27", "text": "just be a really good rally week. Asian"}, {"start": "00:03:24", "end": "00:03:30", "text": "stock rise up. Okay. Because oil is"}, {"start": "00:03:27", "end": "00:03:32", "text": "dropping. The US market also went up."}, {"start": "00:03:30", "end": "00:03:34", "text": "Um, so it's just looking good all"}, {"start": "00:03:32", "end": "00:03:36", "text": "around. And if you look at metrics like"}, {"start": "00:03:34", "end": "00:03:40", "text": "this, we're just above everything. Above"}, {"start": "00:03:36", "end": "00:03:43", "text": "realized price, above the 155 day, above"}, {"start": "00:03:40", "end": "00:03:45", "text": "2-year. I mean, we're above pretty much"}, {"start": "00:03:43", "end": "00:03:47", "text": "every single point. Okay. And if you're"}, {"start": "00:03:45", "end": "00:03:49", "text": "looking at moving averages, we're also"}, {"start": "00:03:47", "end": "00:03:51", "text": "above the 50-day moving average. We have"}, {"start": "00:03:49", "end": "00:03:57", "text": "formed a golden cross on a daily."}, {"start": "00:03:51", "end": "00:03:57", "text": "Everything is lining up."}, {"start": "00:03:57", "end": "00:04:04", "text": "And oh, I saw this too. Lightning"}, {"start": "00:04:00", "end": "00:04:06", "text": "Network quantum proof defense from East"}, {"start": "00:04:04", "end": "00:04:08", "text": "Texas A&M University. So, a lot of"}, {"start": "00:04:06", "end": "00:04:11", "text": "people were very afraid that quantum"}, {"start": "00:04:08", "end": "00:04:13", "text": "computers is uh they're going to break"}, {"start": "00:04:11", "end": "00:04:16", "text": "Bitcoin. Well, there's a lot of teams"}, {"start": "00:04:13", "end": "00:04:19", "text": "that's already working on this. But what"}, {"start": "00:04:16", "end": "00:04:24", "text": "I'm trying to say is things are looking"}, {"start": "00:04:19", "end": "00:04:26", "text": "great. The metrics, the charts,"}, {"start": "00:04:24", "end": "00:04:30", "text": "the the macro conditions, everything is"}, {"start": "00:04:26", "end": "00:04:32", "text": "lining up. So, I'm waiting for this"}, {"start": "00:04:30", "end": "00:04:36", "text": "moment to happen once again to get back"}, {"start": "00:04:32", "end": "00:04:38", "text": "to 874. And once we crack through that,"}, {"start": "00:04:36", "end": "00:04:42", "text": "get ready. We could be heading to 93"}, {"start": "00:04:38", "end": "00:04:45", "text": "94,000 in short order and a lot of the"}, {"start": "00:04:42", "end": "00:04:47", "text": "alts are going to start pumping as well."}, {"start": "00:04:45", "end": "00:04:50", "text": "When that happens,"}, {"start": "00:04:47", "end": "00:04:54", "text": "outside of that, uh not a whole lot else"}, {"start": "00:04:50", "end": "00:04:59", "text": "in crypto space. uh in the AI space a"}, {"start": "00:04:54", "end": "00:05:05", "text": "lot. Anthropic released Opus 55."}, {"start": "00:04:59", "end": "00:05:08", "text": "Okay, big deal. It's 30% faster and 40%"}, {"start": "00:05:05", "end": "00:05:10", "text": "cheaper than Opus 5, which was a"}, {"start": "00:05:08", "end": "00:05:12", "text": "controversial model. It was it did good"}, {"start": "00:05:10", "end": "00:05:15", "text": "work, but it was too verbose and it did"}, {"start": "00:05:12", "end": "00:05:18", "text": "screw up a lot. It made mistakes. So,"}, {"start": "00:05:15", "end": "00:05:20", "text": "this is not only a much better model,"}, {"start": "00:05:18", "end": "00:05:22", "text": "it's also faster and cheaper and it"}, {"start": "00:05:20", "end": "00:05:26", "text": "outperforms even Fable 51, which is"}, {"start": "00:05:22", "end": "00:05:28", "text": "their top model. Um, so this is really"}, {"start": "00:05:26", "end": "00:05:30", "text": "good and I've been using it all day. I"}, {"start": "00:05:28", "end": "00:05:33", "text": "really like it. On the other hand,"}, {"start": "00:05:30", "end": "00:05:37", "text": "OpenAI released their GVD Soul and Luna,"}, {"start": "00:05:33", "end": "00:05:39", "text": "which are lower models of Astra. I told"}, {"start": "00:05:37", "end": "00:05:41", "text": "you guys I was not a fan of Astra. Okay,"}, {"start": "00:05:39", "end": "00:05:43", "text": "Astra is very fast, but it's not any"}, {"start": "00:05:41", "end": "00:05:46", "text": "more intelligent than 5.6."}, {"start": "00:05:43", "end": "00:05:49", "text": "So they release lower versions of GBD6"}, {"start": "00:05:46", "end": "00:05:51", "text": "Soul and Luna. And if you look at it,"}, {"start": "00:05:49", "end": "00:05:52", "text": "these are really cheap. What OpenAI is"}, {"start": "00:05:51", "end": "00:05:54", "text": "doing is trying to make these very"}, {"start": "00:05:52", "end": "00:05:57", "text": "affordable. So this is actually half the"}, {"start": "00:05:54", "end": "00:06:00", "text": "price of GBD6"}, {"start": "00:05:57", "end": "00:06:03", "text": "uh GBD 5.6 Soul. This is half the price"}, {"start": "00:06:00", "end": "00:06:05", "text": "of GBD56 Luna. However, you look at"}, {"start": "00:06:03", "end": "00:06:08", "text": "Intelligence, they're not any smarter."}, {"start": "00:06:05", "end": "00:06:10", "text": "They're just cheaper. And in fact, if"}, {"start": "00:06:08", "end": "00:06:13", "text": "you look at the benchmark for this, this"}, {"start": "00:06:10", "end": "00:06:15", "text": "is actually coming in, I think, worse in"}, {"start": "00:06:13", "end": "00:06:17", "text": "some benchmarks, except it's still"}, {"start": "00:06:15", "end": "00:06:19", "text": "again, it's very fast. So, OpenAI went a"}, {"start": "00:06:17", "end": "00:06:20", "text": "different direction. They decided to"}, {"start": "00:06:19", "end": "00:06:22", "text": "release a lot of models. They're very"}, {"start": "00:06:20", "end": "00:06:24", "text": "cheap and you can use them for a long"}, {"start": "00:06:22", "end": "00:06:27", "text": "time, but in terms of intelligence,"}, {"start": "00:06:24", "end": "00:06:31", "text": "Enthropic is clobbering them with Fable"}, {"start": "00:06:27", "end": "00:06:34", "text": "5.1 and Opus 55, it's not even"}, {"start": "00:06:31", "end": "00:06:36", "text": "competition. Astra is not that good. I"}, {"start": "00:06:34", "end": "00:06:37", "text": "don't know why people keep saying it's"}, {"start": "00:06:36", "end": "00:06:39", "text": "so good. anyone that really uses it"}, {"start": "00:06:37", "end": "00:06:42", "text": "knows how expensive it is and it's"}, {"start": "00:06:39", "end": "00:06:44", "text": "really not that intelligent. So, OpenAI"}, {"start": "00:06:42", "end": "00:06:47", "text": "is starting to fall behind. But the good"}, {"start": "00:06:44", "end": "00:06:49", "text": "thing is both of these companies uh gave"}, {"start": "00:06:47", "end": "00:06:52", "text": "a bank reset. So, for you guys that are"}, {"start": "00:06:49", "end": "00:06:55", "text": "using it, just know that yeah, you got"}, {"start": "00:06:52", "end": "00:06:58", "text": "it. Outside of this,"}, {"start": "00:06:55", "end": "00:06:59", "text": "Clashpad, I know I've been talking about"}, {"start": "00:06:58", "end": "00:07:02", "text": "a lot, but I'm very excited about it."}, {"start": "00:06:59", "end": "00:07:05", "text": "Now, we're up to 142 soul that has been"}, {"start": "00:07:02", "end": "00:07:07", "text": "given out. And I introduced Den Pot"}, {"start": "00:07:05", "end": "00:07:10", "text": "today. this afternoon. The next round is"}, {"start": "00:07:07", "end": "00:07:13", "text": "going to be in two hours. We got four"}, {"start": "00:07:10", "end": "00:07:15", "text": "people. The first round went and it was"}, {"start": "00:07:13", "end": "00:07:18", "text": "like about eight or nine soul and then"}, {"start": "00:07:15", "end": "00:07:20", "text": "we had like 17 people join in. I think"}, {"start": "00:07:18", "end": "00:07:21", "text": "this one is going to be even bigger."}, {"start": "00:07:20", "end": "00:07:25", "text": "Okay. And this is going to happen every"}, {"start": "00:07:21", "end": "00:07:26", "text": "6 hours. DJ pot is for you Dens. Okay."}, {"start": "00:07:25", "end": "00:07:28", "text": "Obviously, if you like good projects"}, {"start": "00:07:26", "end": "00:07:32", "text": "like Clash World, which is what I'm"}, {"start": "00:07:28", "end": "00:07:34", "text": "looking to build with ingame currency,"}, {"start": "00:07:32", "end": "00:07:35", "text": "this one right here. Obviously, if you"}, {"start": "00:07:34", "end": "00:07:38", "text": "want to pick the good winners like this"}, {"start": "00:07:35", "end": "00:07:40", "text": "and get rewarded for holding it, great."}, {"start": "00:07:38", "end": "00:07:42", "text": "But for you guys that are dens, you"}, {"start": "00:07:40", "end": "00:07:46", "text": "don't know which projects to pick, you"}, {"start": "00:07:42", "end": "00:07:49", "text": "don't have to anymore. You go into DGEN"}, {"start": "00:07:46", "end": "00:07:51", "text": "pot going together stay for the upside."}, {"start": "00:07:49", "end": "00:07:54", "text": "So, everyone puts in whatever they want."}, {"start": "00:07:51", "end": "00:07:58", "text": "It gets pulled together and then one"}, {"start": "00:07:54", "end": "00:08:02", "text": "random pick from the project, okay, is"}, {"start": "00:07:58", "end": "00:08:04", "text": "picked and bought with that pot. Okay."}, {"start": "00:08:02", "end": "00:08:06", "text": "And then there's gamification to it"}, {"start": "00:08:04", "end": "00:08:09", "text": "because if you're trying to sell right"}, {"start": "00:08:06", "end": "00:08:13", "text": "away, there's a 75% exit fee and it"}, {"start": "00:08:09", "end": "00:08:16", "text": "starts to go down over time. So again,"}, {"start": "00:08:13", "end": "00:08:18", "text": "if there are people that exit,"}, {"start": "00:08:16", "end": "00:08:21", "text": "all the fees go to the other people that"}, {"start": "00:08:18", "end": "00:08:23", "text": "are holding. So it's a game whether"}, {"start": "00:08:21", "end": "00:08:26", "text": "people want to leave at all or they"}, {"start": "00:08:23", "end": "00:08:29", "text": "timing it. Right? So this is the earlier"}, {"start": "00:08:26", "end": "00:08:32", "text": "one that happened,"}, {"start": "00:08:29", "end": "00:08:35", "text": "right? 8.5 17 people in and then you"}, {"start": "00:08:32", "end": "00:08:38", "text": "could see right here here's the unlock"}, {"start": "00:08:35", "end": "00:08:40", "text": "start at 75 now it's down to 67 and then"}, {"start": "00:08:38", "end": "00:08:42", "text": "it'll go all the way down to zero"}, {"start": "00:08:40", "end": "00:08:46", "text": "eventually after a day right so that's"}, {"start": "00:08:42", "end": "00:08:48", "text": "how it works it's very den I know but"}, {"start": "00:08:46", "end": "00:08:50", "text": "it's very different no one else has it"}, {"start": "00:08:48", "end": "00:08:52", "text": "and everyone in Discord community is"}, {"start": "00:08:50", "end": "00:08:53", "text": "excited and by the way if you guys want"}, {"start": "00:08:52", "end": "00:08:56", "text": "to join the community to talk about"}, {"start": "00:08:53", "end": "00:08:59", "text": "crypto to talk about clash or clash pad"}, {"start": "00:08:56", "end": "00:09:02", "text": "or clash pickics or ask clash or just"}, {"start": "00:08:59", "end": "00:09:04", "text": "again charting, crypto, you name it."}, {"start": "00:09:02", "end": "00:09:06", "text": "Join our Discord. It's in the"}, {"start": "00:09:04", "end": "00:09:08", "text": "description below. But a lot of people"}, {"start": "00:09:06", "end": "00:09:10", "text": "in Discord is very excited about it and"}, {"start": "00:09:08", "end": "00:09:12", "text": "we will see. And then there's a lot of"}, {"start": "00:09:10", "end": "00:09:15", "text": "new"}, {"start": "00:09:12", "end": "00:09:18", "text": "coins being"}, {"start": "00:09:15", "end": "00:09:22", "text": "minted every single day too. And again,"}, {"start": "00:09:18", "end": "00:09:24", "text": "you're getting rewarded for holding in"}, {"start": "00:09:22", "end": "00:09:27", "text": "the form of soul too. Not the token."}, {"start": "00:09:24", "end": "00:09:29", "text": "You're getting soul in your wallet. So"}, {"start": "00:09:27", "end": "00:09:32", "text": "think about that. All right, guys. That"}, {"start": "00:09:29", "end": "00:09:35", "text": "is it. Let's see what happens later"}, {"start": "00:09:32", "end": "00:09:37", "text": "today if we're going to continue to"}, {"start": "00:09:35", "end": "00:09:40", "text": "rally up. If not, we may have to wait"}, {"start": "00:09:37", "end": "00:09:42", "text": "for tomorrow. But it's looking pretty"}, {"start": "00:09:40", "end": "00:09:44", "text": "darn positive right now, guys. All"}, {"start": "00:09:42", "end": "00:09:47", "text": "right, have a good one. Take care."}, {"start": "00:09:44", "end": "00:09:47", "text": "Bye-bye."}]

[{"start": "00:00:02", "end": "00:00:10", "text": "Welcome back to Cryptos Us. I am George."}, {"start": "00:00:07", "end": "00:00:14", "text": "We're all George. Welcome to another"}, {"start": "00:00:10", "end": "00:00:18", "text": "market open stream."}, {"start": "00:00:14", "end": "00:00:21", "text": "Today could be another day, another"}, {"start": "00:00:18", "end": "00:00:23", "text": "Bitcoin breakout day."}, {"start": "00:00:21", "end": "00:00:25", "text": "Yesterday was absolutely fantastic."}, {"start": "00:00:23", "end": "00:00:28", "text": "There's no reason why today can't be the"}, {"start": "00:00:25", "end": "00:00:30", "text": "same. So, let's look at it. Look at"}, {"start": "00:00:28", "end": "00:00:34", "text": "everything."}, {"start": "00:00:30", "end": "00:00:38", "text": "and go from there. All right,"}, {"start": "00:00:34", "end": "00:00:40", "text": "let's do it, guys. Let's do it. Welcome,"}, {"start": "00:00:38", "end": "00:00:44", "text": "welcome, welcome. We're starting out the"}, {"start": "00:00:40", "end": "00:00:48", "text": "day about $1,000 higher than yesterday"}, {"start": "00:00:44", "end": "00:00:52", "text": "at this point. Uh, but not as high as"}, {"start": "00:00:48", "end": "00:00:54", "text": "yesterday afternoon when we almost hit"}, {"start": "00:00:52", "end": "00:00:57", "text": "$88,000. We hit 87 something. But right"}, {"start": "00:00:54", "end": "00:01:00", "text": "now, we're still looking pretty good."}, {"start": "00:00:57", "end": "00:01:01", "text": "Holding most of the gains, not coming"}, {"start": "00:01:00", "end": "00:01:07", "text": "down at all. We're starting our day at"}, {"start": "00:01:01", "end": "00:01:07", "text": "86,000, ETH at 2750,"}, {"start": "00:01:07", "end": "00:01:15", "text": "and sold at 117."}, {"start": "00:01:11", "end": "00:01:18", "text": "Big movements, big breakouts, and we're"}, {"start": "00:01:15", "end": "00:01:21", "text": "at a cusp of another one. That's the"}, {"start": "00:01:18", "end": "00:01:25", "text": "thing. It's looking good right now. This"}, {"start": "00:01:21", "end": "00:01:27", "text": "is why we holdle, why we DCA"}, {"start": "00:01:25", "end": "00:01:30", "text": "and let the gains come to us instead of"}, {"start": "00:01:27", "end": "00:01:33", "text": "panic selling or panic trading or panic"}, {"start": "00:01:30", "end": "00:01:37", "text": "whatever right the best strategy is just"}, {"start": "00:01:33", "end": "00:01:38", "text": "to hold and DCA that's it that's really"}, {"start": "00:01:37", "end": "00:01:41", "text": "it"}, {"start": "00:01:38", "end": "00:01:44", "text": "now the US market"}, {"start": "00:01:41", "end": "00:01:47", "text": "looking good today as well this week"}, {"start": "00:01:44", "end": "00:01:51", "text": "there really isn't anything big that can"}, {"start": "00:01:47", "end": "00:01:54", "text": "bring us down well maybe there's this"}, {"start": "00:01:51", "end": "00:01:56", "text": "this meeting with President Xi and"}, {"start": "00:01:54", "end": "00:02:00", "text": "they're going to talk about a lot of"}, {"start": "00:01:56", "end": "00:02:02", "text": "stuff. I think Iran's a big one. Okay. I"}, {"start": "00:02:00", "end": "00:02:05", "text": "mean, China gets like 80% of their oil"}, {"start": "00:02:02", "end": "00:02:07", "text": "imports from Iran and that stopped."}, {"start": "00:02:05", "end": "00:02:09", "text": "Uh they're going to talk about AI, which"}, {"start": "00:02:07", "end": "00:02:10", "text": "is another big one. Are they going to"}, {"start": "00:02:09", "end": "00:02:13", "text": "talk about safety? Are they going to"}, {"start": "00:02:10", "end": "00:02:15", "text": "talk about some kind of truth so that"}, {"start": "00:02:13", "end": "00:02:18", "text": "the the companies don't try to keep"}, {"start": "00:02:15", "end": "00:02:19", "text": "leaprogging each other and and end up"}, {"start": "00:02:18", "end": "00:02:22", "text": "creating AGI"}, {"start": "00:02:19", "end": "00:02:25", "text": "that destroys humanity? I'm I'm pretty"}, {"start": "00:02:22", "end": "00:02:27", "text": "sure that's on the table, too. Tariffs,"}, {"start": "00:02:25", "end": "00:02:32", "text": "I don't know. Yeah, I'm sure they'll go"}, {"start": "00:02:27", "end": "00:02:37", "text": "discuss that, but that seems to be like"}, {"start": "00:02:32", "end": "00:02:40", "text": "not as important as other two. Uh but"}, {"start": "00:02:37", "end": "00:02:43", "text": "Prager really never leaves the country"}, {"start": "00:02:40", "end": "00:02:46", "text": "and it's been I heard like over 10 years"}, {"start": "00:02:43", "end": "00:02:49", "text": "since he's been in the US. So um the"}, {"start": "00:02:46", "end": "00:02:54", "text": "fact that he's coming over here means a"}, {"start": "00:02:49", "end": "00:02:56", "text": "big big deal for him and China. So"}, {"start": "00:02:54", "end": "00:02:58", "text": "we'll see maybe something big gets"}, {"start": "00:02:56", "end": "00:03:00", "text": "announced out of this."}, {"start": "00:02:58", "end": "00:03:02", "text": "But this is this is like the only thing."}, {"start": "00:03:00", "end": "00:03:04", "text": "There's no economic data. Not well, not"}, {"start": "00:03:02", "end": "00:03:06", "text": "there's some, but not not anything"}, {"start": "00:03:04", "end": "00:03:08", "text": "important that could move markets."}, {"start": "00:03:06", "end": "00:03:11", "text": "Doesn't seem like there's any big"}, {"start": "00:03:08", "end": "00:03:14", "text": "earnings report this week either. Well,"}, {"start": "00:03:11", "end": "00:03:16", "text": "I could check. Um,"}, {"start": "00:03:14", "end": "00:03:18", "text": "but outside of that, you know, oil price"}, {"start": "00:03:16", "end": "00:03:21", "text": "is starting to fall a little bit because"}, {"start": "00:03:18", "end": "00:03:24", "text": "Saudi Arabia is trying to open up its"}, {"start": "00:03:21", "end": "00:03:26", "text": "pipeline. So, that's good."}, {"start": "00:03:24", "end": "00:03:28", "text": "So, what I'm trying to say, there's"}, {"start": "00:03:26", "end": "00:03:30", "text": "really nothing"}, {"start": "00:03:28", "end": "00:03:33", "text": "nothing this week macro-wise or"}, {"start": "00:03:30", "end": "00:03:36", "text": "geopolitically"}, {"start": "00:03:33", "end": "00:03:37", "text": "that looks scary or dangerous that could"}, {"start": "00:03:36", "end": "00:03:39", "text": "hold us down unless something really bad"}, {"start": "00:03:37", "end": "00:03:43", "text": "happens at this like this meeting, this"}, {"start": "00:03:39", "end": "00:03:47", "text": "summit, but it doesn't seem like it. Um,"}, {"start": "00:03:43", "end": "00:03:49", "text": "if you look at the overall heat map,"}, {"start": "00:03:47", "end": "00:03:52", "text": "it's looking good, especially if you go"}, {"start": "00:03:49", "end": "00:03:56", "text": "seven days. I mean, look at this. Not"}, {"start": "00:03:52", "end": "00:03:59", "text": "one thing in the bubbles nor in the heat"}, {"start": "00:03:56", "end": "00:04:02", "text": "map is red if you go past seven days."}, {"start": "00:03:59", "end": "00:04:07", "text": "And we're talking about doubledigit"}, {"start": "00:04:02", "end": "00:04:10", "text": "gains. Doubledigit gains all across the"}, {"start": "00:04:07", "end": "00:04:13", "text": "board basically for everything"}, {"start": "00:04:10", "end": "00:04:16", "text": "which is absolutely fantastic."}, {"start": "00:04:13", "end": "00:04:20", "text": "If you look at September, we still have"}, {"start": "00:04:16", "end": "00:04:22", "text": "our final week. September is now plus"}, {"start": "00:04:20", "end": "00:04:26", "text": "10%."}, {"start": "00:04:22", "end": "00:04:30", "text": "And that could go a lot higher. 20%"}, {"start": "00:04:26", "end": "00:04:36", "text": "maybe. This is shaping up to be the best"}, {"start": "00:04:30", "end": "00:04:38", "text": "September ever for Bitcoin in history."}, {"start": "00:04:36", "end": "00:04:41", "text": "Think about it."}, {"start": "00:04:38", "end": "00:04:43", "text": "We're going against the grain"}, {"start": "00:04:41", "end": "00:04:48", "text": "from 2017"}, {"start": "00:04:43", "end": "00:04:51", "text": "to 2022. Red every single year."}, {"start": "00:04:48", "end": "00:04:55", "text": "And the green weeks, the green months we"}, {"start": "00:04:51", "end": "00:04:59", "text": "had were just like single digits. 4% 7%"}, {"start": "00:04:55", "end": "00:05:03", "text": "5% 3% 4%."}, {"start": "00:04:59", "end": "00:05:09", "text": "We're at 10% right now. Looking good."}, {"start": "00:05:03", "end": "00:05:09", "text": "Momentum is definitely back."}, {"start": "00:05:09", "end": "00:05:14", "text": "And"}, {"start": "00:05:10", "end": "00:05:17", "text": "that's what we want."}, {"start": "00:05:14", "end": "00:05:20", "text": "That's what we want."}, {"start": "00:05:17", "end": "00:05:25", "text": "and it's fantastic."}, {"start": "00:05:20", "end": "00:05:25", "text": "Um, ETFs also"}, {"start": "00:05:27", "end": "00:05:35", "text": "huge huge huge day yesterday. the"}, {"start": "00:05:31", "end": "00:05:35", "text": "biggest ETF"}, {"start": "00:05:35", "end": "00:05:39", "text": "day of 2026."}, {"start": "00:05:40", "end": "00:05:45", "text": "Basically, $1 billion."}, {"start": "00:05:45", "end": "00:05:53", "text": "1 billion in a single day."}, {"start": "00:05:51", "end": "00:05:58", "text": "Goes to show you how much FOMO there is"}, {"start": "00:05:53", "end": "00:06:01", "text": "right now. A lot of money coming back in"}, {"start": "00:05:58", "end": "00:06:05", "text": "the space, right? Not just for Bitcoin"}, {"start": "00:06:01", "end": "00:06:07", "text": "though. Look at 270 million for ETH,"}, {"start": "00:06:05", "end": "00:06:10", "text": "plus 26 million for Soul, plus 19"}, {"start": "00:06:07", "end": "00:06:13", "text": "million for XRP. All across the board,"}, {"start": "00:06:10", "end": "00:06:16", "text": "people want a piece. They're coming back"}, {"start": "00:06:13", "end": "00:06:20", "text": "in. I told you guys rotation will"}, {"start": "00:06:16", "end": "00:06:22", "text": "happen. It's happening now. During the"}, {"start": "00:06:20", "end": "00:06:24", "text": "darker times when we saw a lot of"}, {"start": "00:06:22", "end": "00:06:26", "text": "outflow,"}, {"start": "00:06:24", "end": "00:06:30", "text": "I said people are chasing the shinier"}, {"start": "00:06:26", "end": "00:06:33", "text": "investment. People are"}, {"start": "00:06:30", "end": "00:06:36", "text": "always looking for what's a better"}, {"start": "00:06:33", "end": "00:06:38", "text": "value, I guess, right?"}, {"start": "00:06:36", "end": "00:06:42", "text": "When crypto was down, when Bitcoin was"}, {"start": "00:06:38", "end": "00:06:42", "text": "at 60K,"}, {"start": "00:06:43", "end": "00:06:46", "text": "it was the better investment. Now people"}, {"start": "00:06:44", "end": "00:06:49", "text": "are starting to realize it. Now they're"}, {"start": "00:06:46", "end": "00:06:53", "text": "trying to fill in when we're in our 80s."}, {"start": "00:06:49", "end": "00:06:54", "text": "60s was a lot better to get in that 80s,"}, {"start": "00:06:53", "end": "00:06:56", "text": "right? But this is how it works"}, {"start": "00:06:54", "end": "00:06:58", "text": "psychologically. People don't want to"}, {"start": "00:06:56", "end": "00:07:02", "text": "put money toward a bottom. They want to"}, {"start": "00:06:58", "end": "00:07:05", "text": "put money while it's going up. This is"}, {"start": "00:07:02", "end": "00:07:09", "text": "the This is why FOMO is so"}, {"start": "00:07:05", "end": "00:07:11", "text": "so uh I don't know. There's so much"}, {"start": "00:07:09", "end": "00:07:15", "text": "weight more weight to FOMO than than"}, {"start": "00:07:11", "end": "00:07:15", "text": "buying the dip."}, {"start": "00:07:16", "end": "00:07:21", "text": "Uh liquidity plus 866"}, {"start": "00:07:22", "end": "00:07:27", "text": "million also, which is I mean obviously"}, {"start": "00:07:25", "end": "00:07:31", "text": "that's good. You're seeing the U come"}, {"start": "00:07:27", "end": "00:07:34", "text": "back up, right? So, it's looking good."}, {"start": "00:07:31", "end": "00:07:36", "text": "Uh bottom line is a lot of money"}, {"start": "00:07:34", "end": "00:07:39", "text": "rotating back in. This is the reason why"}, {"start": "00:07:36", "end": "00:07:41", "text": "we have been recovering, why we have"}, {"start": "00:07:39", "end": "00:07:44", "text": "been breaking out, okay, and and plus"}, {"start": "00:07:41", "end": "00:07:48", "text": "liquidations"}, {"start": "00:07:44", "end": "00:07:51", "text": "and why we're looking to head to 90"}, {"start": "00:07:48", "end": "00:07:54", "text": "soon. And we're not that far off. Once"}, {"start": "00:07:51", "end": "00:07:56", "text": "we get into the 90s,"}, {"start": "00:07:54", "end": "00:07:59", "text": "then of course we're not that far off"}, {"start": "00:07:56", "end": "00:08:01", "text": "from six digits. Once again, crossing"}, {"start": "00:07:59", "end": "00:08:04", "text": "that 100k barrier, it's a big"}, {"start": "00:08:01", "end": "00:08:06", "text": "psychological level. Once we do that, a"}, {"start": "00:08:04", "end": "00:08:07", "text": "lot more money is going to start flowing"}, {"start": "00:08:06", "end": "00:08:10", "text": "back in again. People are like, \"Oh my"}, {"start": "00:08:07", "end": "00:08:13", "text": "god, we're above 100K. I missed out. I"}, {"start": "00:08:10", "end": "00:08:15", "text": "should have bought more.\""}, {"start": "00:08:13", "end": "00:08:18", "text": "Every single cycle, it's the same"}, {"start": "00:08:15", "end": "00:08:21", "text": "pattern. People always regret not buying"}, {"start": "00:08:18", "end": "00:08:23", "text": "more while we're low."}, {"start": "00:08:21", "end": "00:08:27", "text": "every single time. Liquidations"}, {"start": "00:08:23", "end": "00:08:30", "text": "yesterday was over like a billion. Now"}, {"start": "00:08:27", "end": "00:08:33", "text": "it's calmed down a little bit. 556"}, {"start": "00:08:30", "end": "00:08:35", "text": "million, but still"}, {"start": "00:08:33", "end": "00:08:39", "text": "pretty"}, {"start": "00:08:35", "end": "00:08:42", "text": "pretty substantial, pretty large. Okay,"}, {"start": "00:08:39", "end": "00:08:44", "text": "half a billion and mostly on the short"}, {"start": "00:08:42", "end": "00:08:47", "text": "side. So, this is going to help us go"}, {"start": "00:08:44", "end": "00:08:50", "text": "further as we get more short squeezes."}, {"start": "00:08:47", "end": "00:08:52", "text": "It's going to be good. Okay, but there's"}, {"start": "00:08:50", "end": "00:08:55", "text": "still too much leverage out there. So, I"}, {"start": "00:08:52", "end": "00:08:56", "text": "warn people, hey, don't be throwing your"}, {"start": "00:08:55", "end": "00:08:59", "text": "20x,"}, {"start": "00:08:56", "end": "00:09:03", "text": "30x, 50x, 100x, you're going to get"}, {"start": "00:08:59", "end": "00:09:06", "text": "liquidated. It's too much. Don't do it."}, {"start": "00:09:03", "end": "00:09:09", "text": "Right? If you got your 2x, 3xes, right?"}, {"start": "00:09:06", "end": "00:09:10", "text": "Still got to be careful. But at least"}, {"start": "00:09:09", "end": "00:09:13", "text": "you're not going to get liquidated from"}, {"start": "00:09:10", "end": "00:09:15", "text": "like sudden swings, right? But you see"}, {"start": "00:09:13", "end": "00:09:18", "text": "so many people get liquidated just from"}, {"start": "00:09:15", "end": "00:09:21", "text": "like a 2% swing."}, {"start": "00:09:18", "end": "00:09:23", "text": "So, be careful. But as we get more short"}, {"start": "00:09:21", "end": "00:09:29", "text": "squeezes, we're going to get driven"}, {"start": "00:09:23", "end": "00:09:29", "text": "higher, and that is what we want."}, {"start": "00:09:30", "end": "00:09:36", "text": "Yeah. What else? What else? Hash rate is"}, {"start": "00:09:34", "end": "00:09:39", "text": "starting to recover for Bitcoin. So, a"}, {"start": "00:09:36", "end": "00:09:41", "text": "lot of the miners that left coming back."}, {"start": "00:09:39", "end": "00:09:44", "text": "They realize it's more profitable once"}, {"start": "00:09:41", "end": "00:09:47", "text": "again. And we may see more of that."}, {"start": "00:09:44", "end": "00:09:49", "text": "A lot of miners permanently have gone to"}, {"start": "00:09:47", "end": "00:09:51", "text": "AI, which is still understandable. And"}, {"start": "00:09:49", "end": "00:09:54", "text": "some have made some huge deals with"}, {"start": "00:09:51", "end": "00:09:57", "text": "anthropic or or open AI. So, I get it."}, {"start": "00:09:54", "end": "00:09:59", "text": "But a lot of them kind of in the middle"}, {"start": "00:09:57", "end": "00:10:01", "text": "didn't get these multi-year deals."}, {"start": "00:09:59", "end": "00:10:03", "text": "They're coming back because they're"}, {"start": "00:10:01", "end": "00:10:06", "text": "like, \"Okay, this more profitable again,"}, {"start": "00:10:03", "end": "00:10:08", "text": "right?\" And it does happen."}, {"start": "00:10:06", "end": "00:10:12", "text": "We normally don't see this kind of"}, {"start": "00:10:08", "end": "00:10:15", "text": "exodus, but we have seen shorter periods"}, {"start": "00:10:12", "end": "00:10:17", "text": "where Yeah. the hash rate drops because"}, {"start": "00:10:15", "end": "00:10:20", "text": "a lot of people leave and then it comes"}, {"start": "00:10:17", "end": "00:10:20", "text": "back up."}, {"start": "00:10:20", "end": "00:10:28", "text": "Uh what else? Just a few other things."}, {"start": "00:10:24", "end": "00:10:30", "text": "FOMO surges to multi-year high."}, {"start": "00:10:28", "end": "00:10:33", "text": "Okay, we know that already from a"}, {"start": "00:10:30", "end": "00:10:36", "text": "technical standpoint. We broke through a"}, {"start": "00:10:33", "end": "00:10:40", "text": "50 weekly EMA, which is a very important"}, {"start": "00:10:36", "end": "00:10:45", "text": "level to break. That's usually when"}, {"start": "00:10:40", "end": "00:10:46", "text": "it's bull season, altcoin season."}, {"start": "00:10:45", "end": "00:10:50", "text": "And you got a lot of metrics that's"}, {"start": "00:10:46", "end": "00:10:52", "text": "showing just that that we are breaking"}, {"start": "00:10:50", "end": "00:10:55", "text": "out above all these levels. That's"}, {"start": "00:10:52", "end": "00:10:58", "text": "normally extremely"}, {"start": "00:10:55", "end": "00:11:02", "text": "bullish coming up from bottom."}, {"start": "00:10:58", "end": "00:11:07", "text": "The last time we saw this same thing"}, {"start": "00:11:02", "end": "00:11:09", "text": "right around 2022, 2023"}, {"start": "00:11:07", "end": "00:11:13", "text": "and the times before that was like, you"}, {"start": "00:11:09", "end": "00:11:17", "text": "know, co period and and 2020."}, {"start": "00:11:13", "end": "00:11:19", "text": "So things are looking good and this is"}, {"start": "00:11:17", "end": "00:11:22", "text": "from plan B. What happened to his stock"}, {"start": "00:11:19", "end": "00:11:25", "text": "toflow model? I guess he quit that"}, {"start": "00:11:22", "end": "00:11:28", "text": "because it got invalidated."}, {"start": "00:11:25", "end": "00:11:28", "text": "Um,"}, {"start": "00:11:28", "end": "00:11:34", "text": "here's another one. Another signal. I"}, {"start": "00:11:30", "end": "00:11:39", "text": "don't even know. Ichimoku,"}, {"start": "00:11:34", "end": "00:11:42", "text": "is that how I call it? I mo SSA."}, {"start": "00:11:39", "end": "00:11:44", "text": "Another one of those indicators where"}, {"start": "00:11:42", "end": "00:11:48", "text": "Yeah. If you break above, it's pretty"}, {"start": "00:11:44", "end": "00:11:51", "text": "bullish. So a lot of metrics, a lot of"}, {"start": "00:11:48", "end": "00:11:54", "text": "charts, a lot of indicators, a lot of"}, {"start": "00:11:51", "end": "00:11:57", "text": "patterns definitely show we are coming"}, {"start": "00:11:54", "end": "00:11:59", "text": "up from bottom and it's going to be"}, {"start": "00:11:57", "end": "00:12:02", "text": "glorious. Just look at this one the last"}, {"start": "00:11:59", "end": "00:12:07", "text": "four times. Look at what happened with"}, {"start": "00:12:02", "end": "00:12:09", "text": "Bitcoin went on a tremendous run."}, {"start": "00:12:07", "end": "00:12:12", "text": "It looks like we are about to make that"}, {"start": "00:12:09", "end": "00:12:15", "text": "run once again. not only recovering to"}, {"start": "00:12:12", "end": "00:12:18", "text": "our upside to our previous high I mean"}, {"start": "00:12:15", "end": "00:12:21", "text": "but way beyond that and that's when a"}, {"start": "00:12:18", "end": "00:12:25", "text": "lot of you guys are looking forward to"}, {"start": "00:12:21", "end": "00:12:27", "text": "you know your alt bags to recover and to"}, {"start": "00:12:25", "end": "00:12:29", "text": "rally too and yeah we're we're in a"}, {"start": "00:12:27", "end": "00:12:31", "text": "position for that as well right so as"}, {"start": "00:12:29", "end": "00:12:34", "text": "Bitcoin leads the market all coins"}, {"start": "00:12:31", "end": "00:12:38", "text": "especially the good ones with utility"}, {"start": "00:12:34", "end": "00:12:43", "text": "with a great community right the ones"}, {"start": "00:12:38", "end": "00:12:45", "text": "that have withtood crypto the winter and"}, {"start": "00:12:43", "end": "00:12:48", "text": "dispel all the FUD and didn't get"}, {"start": "00:12:45", "end": "00:12:54", "text": "hacked. They're the ones that will be"}, {"start": "00:12:48", "end": "00:12:54", "text": "recovering and making new highs."}, {"start": "00:12:55", "end": "00:13:01", "text": "And this signal actually shows that"}, {"start": "00:12:58", "end": "00:13:04", "text": "we're going into all coin season. I"}, {"start": "00:13:01", "end": "00:13:06", "text": "mean, I don't know about that, but we"}, {"start": "00:13:04", "end": "00:13:08", "text": "have seen a pretty good rally with a lot"}, {"start": "00:13:06", "end": "00:13:11", "text": "of the alts, right? Recently we've seen"}, {"start": "00:13:08", "end": "00:13:13", "text": "like like some like people point out"}, {"start": "00:13:11", "end": "00:13:16", "text": "Zcash. Zcash is up like 100 something%"}, {"start": "00:13:13", "end": "00:13:19", "text": "in a single month and some we have seen"}, {"start": "00:13:16", "end": "00:13:22", "text": "like arbitrage that's up like 25% in a"}, {"start": "00:13:19", "end": "00:13:24", "text": "single day."}, {"start": "00:13:22", "end": "00:13:26", "text": "I've seen Clash recover like 30% in a"}, {"start": "00:13:24", "end": "00:13:31", "text": "day."}, {"start": "00:13:26", "end": "00:13:35", "text": "So there are a lot of money and people"}, {"start": "00:13:31", "end": "00:13:38", "text": "on the sidelines looking to FOMO in."}, {"start": "00:13:35", "end": "00:13:39", "text": "Okay. And when they see these prices"}, {"start": "00:13:38", "end": "00:13:41", "text": "start skyrocketing, they put more money"}, {"start": "00:13:39", "end": "00:13:43", "text": "in."}, {"start": "00:13:41", "end": "00:13:45", "text": "It's it's it's weird. You're supposed to"}, {"start": "00:13:43", "end": "00:13:47", "text": "put it in when it's low, but people love"}, {"start": "00:13:45", "end": "00:13:49", "text": "to put it in towards the top. And while"}, {"start": "00:13:47", "end": "00:13:52", "text": "we're we're we're skyrocketing, right?"}, {"start": "00:13:49", "end": "00:13:57", "text": "And we're going to see more of that"}, {"start": "00:13:52", "end": "00:13:57", "text": "as prices go upwards."}, {"start": "00:13:57", "end": "00:14:01", "text": "All right,"}, {"start": "00:13:59", "end": "00:14:03", "text": "that's pretty much it. Light news day,"}, {"start": "00:14:01", "end": "00:14:08", "text": "which is okay. We don't need a lot of"}, {"start": "00:14:03", "end": "00:14:10", "text": "news. Um, looks like today across the"}, {"start": "00:14:08", "end": "00:14:12", "text": "board"}, {"start": "00:14:10", "end": "00:14:14", "text": "pretty green."}, {"start": "00:14:12", "end": "00:14:17", "text": "XRP having a really good day today. Plus"}, {"start": "00:14:14", "end": "00:14:19", "text": "5%. Look at that."}, {"start": "00:14:17", "end": "00:14:21", "text": "That's actually a pretty good jump for"}, {"start": "00:14:19", "end": "00:14:24", "text": "XRP today. I don't know what was"}, {"start": "00:14:21", "end": "00:14:26", "text": "announced. Um, if you look at like Robin"}, {"start": "00:14:24", "end": "00:14:28", "text": "Hood is up today barely at one and a"}, {"start": "00:14:26", "end": "00:14:33", "text": "half percent."}, {"start": "00:14:28", "end": "00:14:36", "text": "Uh, Sandis is up big today, six"}, {"start": "00:14:33", "end": "00:14:39", "text": "six seven%."}, {"start": "00:14:36", "end": "00:14:42", "text": "Others are like, you know, around 1% or"}, {"start": "00:14:39", "end": "00:14:45", "text": "less. Coinbase is red today. D's red"}, {"start": "00:14:42", "end": "00:14:45", "text": "today."}, {"start": "00:14:46", "end": "00:14:50", "text": "Overall,"}, {"start": "00:14:48", "end": "00:14:54", "text": "pretty good day. Could definitely get a"}, {"start": "00:14:50", "end": "00:14:54", "text": "lot better."}, {"start": "00:14:56", "end": "00:15:00", "text": "All right, let's do some Q&A."}, {"start": "00:15:34", "end": "00:15:41", "text": "uh doctor options 888 super chat good"}, {"start": "00:15:38", "end": "00:15:44", "text": "number Jordan I used Clashpad to launch"}, {"start": "00:15:41", "end": "00:15:47", "text": "a memecoin gober and it took off it's"}, {"start": "00:15:44", "end": "00:15:52", "text": "easy and seamless to to set up good"}, {"start": "00:15:47", "end": "00:15:54", "text": "stuff. I'm glad to hear it. Congrats."}, {"start": "00:15:52", "end": "00:15:58", "text": "But Clashpad, I made it super simple."}, {"start": "00:15:54", "end": "00:16:02", "text": "Okay, people ask for how do you make a"}, {"start": "00:15:58", "end": "00:16:04", "text": "coin like as easily as possible like a"}, {"start": "00:16:02", "end": "00:16:06", "text": "dummies"}, {"start": "00:16:04", "end": "00:16:08", "text": "platform. That's what Clashpad is. I"}, {"start": "00:16:06", "end": "00:16:10", "text": "mean, it's literally like five steps,"}, {"start": "00:16:08", "end": "00:16:13", "text": "four steps and you're done. You got your"}, {"start": "00:16:10", "end": "00:16:15", "text": "own token and"}, {"start": "00:16:13", "end": "00:16:16", "text": "it rewards it holders, right? Whether"}, {"start": "00:16:15", "end": "00:16:19", "text": "it's just for fun or you're trying to"}, {"start": "00:16:16", "end": "00:16:21", "text": "build a community or you're just"}, {"start": "00:16:19", "end": "00:16:25", "text": "speculating,"}, {"start": "00:16:21", "end": "00:16:25", "text": "you got a great idea."}, {"start": "00:16:27", "end": "00:16:35", "text": "Go for it. It's working. I mean, look at"}, {"start": "00:16:30", "end": "00:16:37", "text": "it. Soul sent to holders. We got 122."}, {"start": "00:16:35", "end": "00:16:40", "text": "Okay, that's that's just in a few days."}, {"start": "00:16:37", "end": "00:16:43", "text": "We haven't launched for that long."}, {"start": "00:16:40", "end": "00:16:46", "text": "Today's the entering the third day. So"}, {"start": "00:16:43", "end": "00:16:48", "text": "you calculate that, that's like 13"}, {"start": "00:16:46", "end": "00:16:52", "text": "$13,000"}, {"start": "00:16:48", "end": "00:16:54", "text": "given out and sold already, right? Just"}, {"start": "00:16:52", "end": "00:16:57", "text": "to people that are holding. You could be"}, {"start": "00:16:54", "end": "00:17:00", "text": "holding something great."}, {"start": "00:16:57", "end": "00:17:02", "text": "One of our members created Blue Label"}, {"start": "00:17:00", "end": "00:17:05", "text": "and he just boosted it."}, {"start": "00:17:02", "end": "00:17:08", "text": "Um, but you could be holding like CWD,"}, {"start": "00:17:05", "end": "00:17:11", "text": "which is Clash World. That's my new"}, {"start": "00:17:08", "end": "00:17:14", "text": "project, a game that I'm working on,"}, {"start": "00:17:11", "end": "00:17:18", "text": "right? You got some of these Goober."}, {"start": "00:17:14", "end": "00:17:20", "text": "That's the one that Dr. Options just"}, {"start": "00:17:18", "end": "00:17:24", "text": "said."}, {"start": "00:17:20", "end": "00:17:28", "text": "GG Jorge. I mean, you got a lot of good"}, {"start": "00:17:24", "end": "00:17:29", "text": "ones. None have broken out to 100"}, {"start": "00:17:28", "end": "00:17:33", "text": "million plus yet, but it's just a matter"}, {"start": "00:17:29", "end": "00:17:36", "text": "of time as the market recovers, as more"}, {"start": "00:17:33", "end": "00:17:39", "text": "people FOMO, as more"}, {"start": "00:17:36", "end": "00:17:44", "text": "influencers jump on."}, {"start": "00:17:39", "end": "00:17:48", "text": "I got a soft okay from Dex Tools getting"}, {"start": "00:17:44", "end": "00:17:49", "text": "our tokens or coins listed on Dex Tools"}, {"start": "00:17:48", "end": "00:17:52", "text": "and they're going to be sending us a"}, {"start": "00:17:49", "end": "00:17:56", "text": "shitload of traffic. So, I think that is"}, {"start": "00:17:52", "end": "00:17:59", "text": "going to be absolutely huge. And the"}, {"start": "00:17:56", "end": "00:18:01", "text": "flywheel effect for Clash is working."}, {"start": "00:17:59", "end": "00:18:05", "text": "We're also collecting a ton of platform"}, {"start": "00:18:01", "end": "00:18:08", "text": "fees that is going into the treasury and"}, {"start": "00:18:05", "end": "00:18:11", "text": "being used to buy Clash for Treasury."}, {"start": "00:18:08", "end": "00:18:11", "text": "So,"}, {"start": "00:18:12", "end": "00:18:17", "text": "super successful. Very, very glad people"}, {"start": "00:18:14", "end": "00:18:18", "text": "like it. And today, later today, I'm"}, {"start": "00:18:17", "end": "00:18:22", "text": "going to introduce something that's"}, {"start": "00:18:18", "end": "00:18:25", "text": "really DJ called Den Pot. And uh and"}, {"start": "00:18:22", "end": "00:18:28", "text": "people that are Djens will love it. We"}, {"start": "00:18:25", "end": "00:18:33", "text": "love it. It's a it's it's a new feature"}, {"start": "00:18:28", "end": "00:18:35", "text": "no Launchpad no one else has ever tried"}, {"start": "00:18:33", "end": "00:18:37", "text": "and"}, {"start": "00:18:35", "end": "00:18:40", "text": "it's going to be like the most enormous"}, {"start": "00:18:37", "end": "00:18:40", "text": "thing ever."}, {"start": "00:18:41", "end": "00:18:46", "text": "It's going to be huge. It's going to be"}, {"start": "00:18:44", "end": "00:18:50", "text": "huge. But yeah, look at Clash World."}, {"start": "00:18:46", "end": "00:18:52", "text": "We've given out 74 soul even though the"}, {"start": "00:18:50", "end": "00:18:55", "text": "market cap has held around 1 million."}, {"start": "00:18:52", "end": "00:18:58", "text": "hasn't moved. Every day"}, {"start": "00:18:55", "end": "00:19:00", "text": "holders are getting rewarded in soul"}, {"start": "00:18:58", "end": "00:19:02", "text": "just by holding it. And if you hold"}, {"start": "00:19:00", "end": "00:19:05", "text": "clash, you get a multiplier, so you get"}, {"start": "00:19:02", "end": "00:19:09", "text": "even more soul. So"}, {"start": "00:19:05", "end": "00:19:11", "text": "you get paid for holding."}, {"start": "00:19:09", "end": "00:19:13", "text": "That is very different than all the"}, {"start": "00:19:11", "end": "00:19:17", "text": "other meme"}, {"start": "00:19:13", "end": "00:19:17", "text": "cultures out there."}, {"start": "00:19:34", "end": "00:19:38", "text": "trying to get some other influencers to"}, {"start": "00:19:35", "end": "00:19:40", "text": "jump on and create their own coin. I"}, {"start": "00:19:38", "end": "00:19:43", "text": "think for a lot of people it still seems"}, {"start": "00:19:40", "end": "00:19:46", "text": "like kind of taboo or or you know"}, {"start": "00:19:43", "end": "00:19:48", "text": "they're afraid that you know it might"}, {"start": "00:19:46", "end": "00:19:51", "text": "dump and it looks bad on them you know I"}, {"start": "00:19:48", "end": "00:19:52", "text": "mean I I do agree with that but as long"}, {"start": "00:19:51", "end": "00:19:55", "text": "as they're trying to build a real"}, {"start": "00:19:52", "end": "00:19:59", "text": "community around it or real utility like"}, {"start": "00:19:55", "end": "00:20:02", "text": "I am like I'm spending 14 hours a day"}, {"start": "00:19:59", "end": "00:20:05", "text": "every day losing sleep and building and"}, {"start": "00:20:02", "end": "00:20:07", "text": "improving and thinking about new ideas."}, {"start": "00:20:05", "end": "00:20:08", "text": "So I guess it's not for everyone but you"}, {"start": "00:20:07", "end": "00:20:11", "text": "know a lot of these guys have a good"}, {"start": "00:20:08", "end": "00:20:14", "text": "community have good audience they can"}, {"start": "00:20:11", "end": "00:20:19", "text": "certainly create something for their"}, {"start": "00:20:14", "end": "00:20:22", "text": "audience and reward them and soul."}, {"start": "00:20:19", "end": "00:20:22", "text": "So why not"}, {"start": "00:20:31", "end": "00:20:37", "text": "back up up above 86K again."}, {"start": "00:20:57", "end": "00:21:03", "text": "Yeah, class world go take some time"}, {"start": "00:21:01", "end": "00:21:06", "text": "maybe another month or so. I am working"}, {"start": "00:21:03", "end": "00:21:09", "text": "at it very hard, but it's going to be a"}, {"start": "00:21:06", "end": "00:21:12", "text": "GT GTA style game,"}, {"start": "00:21:09", "end": "00:21:15", "text": "but with new features that GTA 6 doesn't"}, {"start": "00:21:12", "end": "00:21:17", "text": "even have. Incorporation of a digital"}, {"start": "00:21:15", "end": "00:21:20", "text": "currency"}, {"start": "00:21:17", "end": "00:21:23", "text": "and also AI integration. So, I thought"}, {"start": "00:21:20", "end": "00:21:24", "text": "those two things would be integrated GTA"}, {"start": "00:21:23", "end": "00:21:28", "text": "6, but I guess it's too late for them."}, {"start": "00:21:24", "end": "00:21:30", "text": "They already spent like 10 years."}, {"start": "00:21:28", "end": "00:21:32", "text": "I'm sure their gameplay, their"}, {"start": "00:21:30", "end": "00:21:35", "text": "storyline, their graphics are going to"}, {"start": "00:21:32", "end": "00:21:38", "text": "be better, but some of the modern things"}, {"start": "00:21:35", "end": "00:21:41", "text": "of course to have an integrated crypto"}, {"start": "00:21:38", "end": "00:21:43", "text": "and integrated AI, which seems to be a"}, {"start": "00:21:41", "end": "00:21:45", "text": "big miss for them. I'm willing to"}, {"start": "00:21:43", "end": "00:21:48", "text": "incorporate those, but I'm going also"}, {"start": "00:21:45", "end": "00:21:49", "text": "try to make it as good as possible and"}, {"start": "00:21:48", "end": "00:21:52", "text": "something that you could play for hours"}, {"start": "00:21:49", "end": "00:21:55", "text": "upon hours."}, {"start": "00:21:52", "end": "00:21:57", "text": "And uh"}, {"start": "00:21:55", "end": "00:22:01", "text": "yeah,"}, {"start": "00:21:57", "end": "00:22:01", "text": "this could be good,"}, {"start": "00:22:01", "end": "00:22:09", "text": "but it's it's not easy trying to create"}, {"start": "00:22:03", "end": "00:22:09", "text": "a a world like that."}, {"start": "00:22:17", "end": "00:22:24", "text": "Shane, yes. If you hold CDW, it doesn't"}, {"start": "00:22:20", "end": "00:22:24", "text": "matter where you buy it from, actually."}, {"start": "00:22:24", "end": "00:22:32", "text": "It It's programmed in the smart contract"}, {"start": "00:22:28", "end": "00:22:33", "text": "and it's programmed from the LP Meteora."}, {"start": "00:22:32", "end": "00:22:35", "text": "So, it doesn't matter where you buy"}, {"start": "00:22:33", "end": "00:22:39", "text": "from. You could buy straight from your"}, {"start": "00:22:35", "end": "00:22:42", "text": "Phantom wallet or Soulflare or Coinbase"}, {"start": "00:22:39", "end": "00:22:47", "text": "wallet, right?"}, {"start": "00:22:42", "end": "00:22:48", "text": "If you hold CWD in your wallet,"}, {"start": "00:22:47", "end": "00:22:51", "text": "then you just see the soul come in"}, {"start": "00:22:48", "end": "00:22:51", "text": "periodically."}, {"start": "00:22:52", "end": "00:22:55", "text": "I forgot what what the schedule is."}, {"start": "00:22:53", "end": "00:22:57", "text": "Every 10 minutes, five minutes, every 10"}, {"start": "00:22:55", "end": "00:23:02", "text": "minutes or whatever, it gets"}, {"start": "00:22:57", "end": "00:23:04", "text": "distributed. People who hold Clash,"}, {"start": "00:23:02", "end": "00:23:06", "text": "people who hold Clash get a multiplier"}, {"start": "00:23:04", "end": "00:23:09", "text": "based on your score. So, I take that"}, {"start": "00:23:06", "end": "00:23:12", "text": "back. It's not just holding Clash, but"}, {"start": "00:23:09", "end": "00:23:14", "text": "that's a big thing. holding Clash NFTTS"}, {"start": "00:23:12", "end": "00:23:18", "text": "activities like using Ask Clash, using"}, {"start": "00:23:14", "end": "00:23:21", "text": "Clash Pics, using Clashpad, playing our"}, {"start": "00:23:18", "end": "00:23:24", "text": "games, all give you a score. And if you"}, {"start": "00:23:21", "end": "00:23:28", "text": "have 15,000 plus class score, you get"}, {"start": "00:23:24", "end": "00:23:32", "text": "1.2x multiplier with 50,000 class score,"}, {"start": "00:23:28", "end": "00:23:37", "text": "1.5. If you're a Ultra Clash guy with"}, {"start": "00:23:32", "end": "00:23:39", "text": "150,000 score, you get 2X."}, {"start": "00:23:37", "end": "00:23:41", "text": "So"}, {"start": "00:23:39", "end": "00:23:43", "text": "that's just distributed forever to"}, {"start": "00:23:41", "end": "00:23:46", "text": "everyone. Uh and and this is coming from"}, {"start": "00:23:43", "end": "00:23:50", "text": "the fees, transfer fees. So anyone that"}, {"start": "00:23:46", "end": "00:23:54", "text": "transfers, buys, sells, or even moves"}, {"start": "00:23:50", "end": "00:23:57", "text": "their CWD incurs a 5% fee that I set and"}, {"start": "00:23:54", "end": "00:24:00", "text": "that's what 90% of that gets distributed"}, {"start": "00:23:57", "end": "00:24:02", "text": "to the holders. 10% of that goes to the"}, {"start": "00:24:00", "end": "00:24:05", "text": "platform."}, {"start": "00:24:02", "end": "00:24:08", "text": "So I'll explain very well. No one really"}, {"start": "00:24:05", "end": "00:24:08", "text": "does this"}, {"start": "00:24:09", "end": "00:24:15", "text": "and it cost you almost nothing to create"}, {"start": "00:24:12", "end": "00:24:19", "text": "a a coin. But, you know, getting people"}, {"start": "00:24:15", "end": "00:24:24", "text": "to buy it, driving the volume to it is"}, {"start": "00:24:19", "end": "00:24:24", "text": "tough. Got to figure that out."}, {"start": "00:24:36", "end": "00:24:40", "text": "Discord link expired."}, {"start": "00:24:41", "end": "00:24:45", "text": "Shouldn't be expired."}, {"start": "00:24:46", "end": "00:24:50", "text": "Oh, yeah, it is. It is expired."}, {"start": "00:24:50", "end": "00:24:56", "text": "Josh, if you're watching, you need to uh"}, {"start": "00:24:52", "end": "00:24:56", "text": "update the Discord link."}, {"start": "00:24:59", "end": "00:25:02", "text": "Am I putting a 100 million into this"}, {"start": "00:25:01", "end": "00:25:05", "text": "game?"}, {"start": "00:25:02", "end": "00:25:07", "text": "Hey, we'll see."}, {"start": "00:25:05", "end": "00:25:10", "text": "Clash World, if it gets to 100 million"}, {"start": "00:25:07", "end": "00:25:13", "text": "in market cap or a billion or whatever,"}, {"start": "00:25:10", "end": "00:25:16", "text": "then yeah, we use some of that to to"}, {"start": "00:25:13", "end": "00:25:18", "text": "make it as good as GTA 6, but uh no,"}, {"start": "00:25:16", "end": "00:25:21", "text": "right now, no, I'm not putting 100"}, {"start": "00:25:18", "end": "00:25:23", "text": "million into that. I don't need to. It's"}, {"start": "00:25:21", "end": "00:25:26", "text": "actually pretty good already, but"}, {"start": "00:25:23", "end": "00:25:28", "text": "there's a lot of little tweaking here"}, {"start": "00:25:26", "end": "00:25:30", "text": "and there. you you don't realize like"}, {"start": "00:25:28", "end": "00:25:33", "text": "all the little stuff that goes into the"}, {"start": "00:25:30", "end": "00:25:37", "text": "game"}, {"start": "00:25:33", "end": "00:25:37", "text": "is very uh very tough."}, {"start": "00:25:51", "end": "00:25:55", "text": "Today's kind of like a calm day."}, {"start": "00:26:04", "end": "00:26:09", "text": "Yeah, there's no earnings this week too."}, {"start": "00:26:06", "end": "00:26:12", "text": "Next week you have like Micron,"}, {"start": "00:26:09", "end": "00:26:16", "text": "a lot of banks,"}, {"start": "00:26:12", "end": "00:26:20", "text": "but yeah, this week there's like nothing"}, {"start": "00:26:16", "end": "00:26:22", "text": "really. It's like a really calm week."}, {"start": "00:26:20", "end": "00:26:27", "text": "Really calm week."}, {"start": "00:26:22", "end": "00:26:27", "text": "Nike is like struggling like crazy."}, {"start": "00:26:54", "end": "00:27:01", "text": "Do you think Blanc will break out? I"}, {"start": "00:26:56", "end": "00:27:03", "text": "mean, Blanc is like old news if I"}, {"start": "00:27:01", "end": "00:27:06", "text": "if I have to say something about it."}, {"start": "00:27:03", "end": "00:27:11", "text": "Like, I don't really"}, {"start": "00:27:06", "end": "00:27:14", "text": "hear a lot of enthusiasm about Blanc."}, {"start": "00:27:11", "end": "00:27:15", "text": "Doge will always be because it's gotten"}, {"start": "00:27:14", "end": "00:27:18", "text": "to a point where it's just so big it'll"}, {"start": "00:27:15", "end": "00:27:20", "text": "never disappear and it's sitting at"}, {"start": "00:27:18", "end": "00:27:23", "text": "number 10. But like where"}, {"start": "00:27:20", "end": "00:27:25", "text": "she"}, {"start": "00:27:23", "end": "00:27:28", "text": "is still holding relatively well, but"}, {"start": "00:27:25", "end": "00:27:30", "text": "it's still like a oldie. But we're I"}, {"start": "00:27:28", "end": "00:27:33", "text": "don't even know where Bonk is anymore."}, {"start": "00:27:30", "end": "00:27:37", "text": "Bonk is at 94"}, {"start": "00:27:33", "end": "00:27:41", "text": "216 million. Man, it lost so much"}, {"start": "00:27:37", "end": "00:27:44", "text": "momentum, man. Look at that."}, {"start": "00:27:41", "end": "00:27:45", "text": "I don't know. They have their bonk fund."}, {"start": "00:27:44", "end": "00:27:49", "text": "You know, they have their own launchpad."}, {"start": "00:27:45", "end": "00:27:51", "text": "I don't know how many people use it, but"}, {"start": "00:27:49", "end": "00:27:53", "text": "we have a better system. We have a"}, {"start": "00:27:51", "end": "00:27:57", "text": "better launchpad. Obviously, we don't"}, {"start": "00:27:53", "end": "00:27:58", "text": "have the volume, but once we catch on,"}, {"start": "00:27:57", "end": "00:28:00", "text": "we're just going to go to the"}, {"start": "00:27:58", "end": "00:28:01", "text": "atmosphere. We're go like go through the"}, {"start": "00:28:00", "end": "00:28:06", "text": "atmosphere, through the stratosphere,"}, {"start": "00:28:01", "end": "00:28:09", "text": "and go to Mars. Um, let's go push us"}, {"start": "00:28:06", "end": "00:28:11", "text": "well above 200"}, {"start": "00:28:09", "end": "00:28:13", "text": "200 million market cap. Man, I can't"}, {"start": "00:28:11", "end": "00:28:16", "text": "believe it fell to 200 million market"}, {"start": "00:28:13", "end": "00:28:16", "text": "cap."}, {"start": "00:28:16", "end": "00:28:22", "text": "That's crazy."}, {"start": "00:28:18", "end": "00:28:22", "text": "What about something like whiff"}, {"start": "00:28:23", "end": "00:28:28", "text": "is also 200 million market cap. What the"}, {"start": "00:28:25", "end": "00:28:30", "text": "hell? How is whiff higher market cap"}, {"start": "00:28:28", "end": "00:28:32", "text": "than bunk? What the hell happened to"}, {"start": "00:28:30", "end": "00:28:34", "text": "Bunk?"}, {"start": "00:28:32", "end": "00:28:39", "text": "Did they rug everyone or something? How"}, {"start": "00:28:34", "end": "00:28:39", "text": "How did they go lower than width?"}, {"start": "00:28:40", "end": "00:28:43", "text": "That's insane."}, {"start": "00:28:50", "end": "00:28:54", "text": "Yeah. I don't I don't know. I don't"}, {"start": "00:28:51", "end": "00:28:54", "text": "know."}, {"start": "00:29:05", "end": "00:29:13", "text": "Look at this. 122.74 sold, distributed,"}, {"start": "00:29:10", "end": "00:29:18", "text": "191 payouts."}, {"start": "00:29:13", "end": "00:29:20", "text": "Okay. 45 coins have paid. 6,824"}, {"start": "00:29:18", "end": "00:29:23", "text": "wallet payments."}, {"start": "00:29:20", "end": "00:29:26", "text": "Okay. Individual payments. 663 wallets."}, {"start": "00:29:23", "end": "00:29:31", "text": "Only 663 of you guys are actually"}, {"start": "00:29:26", "end": "00:29:36", "text": "getting soul right now."}, {"start": "00:29:31", "end": "00:29:39", "text": "I mean, there's 1,400 people watching"}, {"start": "00:29:36", "end": "00:29:42", "text": "and like my videos are now getting 30 to"}, {"start": "00:29:39", "end": "00:29:46", "text": "40,000 views."}, {"start": "00:29:42", "end": "00:29:47", "text": "So, where are the rest of you guys?"}, {"start": "00:29:46", "end": "00:29:48", "text": "You're not you're definitely not using"}, {"start": "00:29:47", "end": "00:29:50", "text": "Clashpad."}, {"start": "00:29:48", "end": "00:29:55", "text": "And I know a lot of you guys don't even"}, {"start": "00:29:50", "end": "00:29:57", "text": "use Ask Clash or Clash Pics, but"}, {"start": "00:29:55", "end": "00:29:59", "text": "you know, there's very little of you"}, {"start": "00:29:57", "end": "00:30:04", "text": "guys that are using this right now."}, {"start": "00:29:59", "end": "00:30:06", "text": "But you're getting rewarded with soul."}, {"start": "00:30:04", "end": "00:30:07", "text": "Not even CWD, not even Clash if you"}, {"start": "00:30:06", "end": "00:30:11", "text": "don't believe it. You're getting"}, {"start": "00:30:07", "end": "00:30:14", "text": "rewarded and sold by holding this for"}, {"start": "00:30:11", "end": "00:30:17", "text": "any of these coins that get launched."}, {"start": "00:30:14", "end": "00:30:21", "text": "That's a different thing. And we made"}, {"start": "00:30:17", "end": "00:30:22", "text": "this rug proof. So basically,"}, {"start": "00:30:21", "end": "00:30:24", "text": "not to say there's nothing to worry"}, {"start": "00:30:22", "end": "00:30:26", "text": "about. There's always something. There's"}, {"start": "00:30:24", "end": "00:30:30", "text": "always a chance it could go down. But"}, {"start": "00:30:26", "end": "00:30:32", "text": "all these are launched. You could see"}, {"start": "00:30:30", "end": "00:30:35", "text": "how much a founder holds, what their"}, {"start": "00:30:32", "end": "00:30:36", "text": "initial buy is. It's all laid out for"}, {"start": "00:30:35", "end": "00:30:38", "text": "you."}, {"start": "00:30:36", "end": "00:30:40", "text": "Okay? Like Limbsanity, who is our"}, {"start": "00:30:38", "end": "00:30:42", "text": "community manager, launches himself, he"}, {"start": "00:30:40", "end": "00:30:44", "text": "holds 1%. Obviously, he could buy more"}, {"start": "00:30:42", "end": "00:30:47", "text": "of that later on, but you know, that's"}, {"start": "00:30:44", "end": "00:30:49", "text": "it. There's no insider allocation."}, {"start": "00:30:47", "end": "00:30:52", "text": "There's no cabal. There's nothing like"}, {"start": "00:30:49", "end": "00:30:55", "text": "that. And you could see all the buys."}, {"start": "00:30:52", "end": "00:30:58", "text": "Everything is transparent. The LP is"}, {"start": "00:30:55", "end": "00:31:00", "text": "locked into Meteora. You can't you can't"}, {"start": "00:30:58", "end": "00:31:02", "text": "withdraw it, you can't drain it, you"}, {"start": "00:31:00", "end": "00:31:05", "text": "can't rug it,"}, {"start": "00:31:02", "end": "00:31:08", "text": "right? And the fee structure is set."}, {"start": "00:31:05", "end": "00:31:14", "text": "So, I mean, it's as transparent and as"}, {"start": "00:31:08", "end": "00:31:16", "text": "legit as possible. Like with CWD"}, {"start": "00:31:14", "end": "00:31:18", "text": "founder holding, buyers, you know,"}, {"start": "00:31:16", "end": "00:31:21", "text": "founder buy zero. I didn't have a I"}, {"start": "00:31:18", "end": "00:31:24", "text": "didn't even put initial buy, but I did"}, {"start": "00:31:21", "end": "00:31:27", "text": "start buying for the treasury because I"}, {"start": "00:31:24", "end": "00:31:29", "text": "need to have some of the CWDcoin for the"}, {"start": "00:31:27", "end": "00:31:32", "text": "the game that I'm developing. But it"}, {"start": "00:31:29", "end": "00:31:35", "text": "shows you exactly"}, {"start": "00:31:32", "end": "00:31:38", "text": "I put 5% transfer fee on purpose"}, {"start": "00:31:35", "end": "00:31:40", "text": "so that encourages people to hold and"}, {"start": "00:31:38", "end": "00:31:44", "text": "there's more rewards for people that are"}, {"start": "00:31:40", "end": "00:31:44", "text": "trying to trade it."}, {"start": "00:31:44", "end": "00:31:49", "text": "So,"}, {"start": "00:31:46", "end": "00:31:51", "text": "and you can hold this in any wallet"}, {"start": "00:31:49", "end": "00:31:53", "text": "besides exchanges, but it's not on an"}, {"start": "00:31:51", "end": "00:31:54", "text": "exchange, so there's no worries there."}, {"start": "00:31:53", "end": "00:31:58", "text": "But if you hold it in any wallet, you"}, {"start": "00:31:54", "end": "00:32:00", "text": "just get the soul sent to you"}, {"start": "00:31:58", "end": "00:32:01", "text": "continuously"}, {"start": "00:32:00", "end": "00:32:03", "text": "as long as people are trading. And"}, {"start": "00:32:01", "end": "00:32:05", "text": "there's always people trading or there's"}, {"start": "00:32:03", "end": "00:32:08", "text": "people trading behind the scenes that"}, {"start": "00:32:05", "end": "00:32:08", "text": "you just don't know about."}, {"start": "00:32:25", "end": "00:32:29", "text": "What do you think the next bottom will"}, {"start": "00:32:26", "end": "00:32:31", "text": "be?"}, {"start": "00:32:29", "end": "00:32:33", "text": "When or how much? The next bottom could"}, {"start": "00:32:31", "end": "00:32:39", "text": "be at 200,000"}, {"start": "00:32:33", "end": "00:32:39", "text": "after we climb to 400 500,000."}, {"start": "00:32:48", "end": "00:32:51", "text": "Um,"}, {"start": "00:32:52", "end": "00:32:58", "text": "my classm What wallet do you use? Any"}, {"start": "00:32:55", "end": "00:33:01", "text": "soul wallet, man. Phantom is fine."}, {"start": "00:32:58", "end": "00:33:03", "text": "Coinbase is fine. What? Trust wallet is"}, {"start": "00:33:01", "end": "00:33:07", "text": "fine. Any soulbased wallet could hold"}, {"start": "00:33:03", "end": "00:33:07", "text": "Clash or CWD."}, {"start": "00:33:09", "end": "00:33:12", "text": "Andrew, no one's gonna sue you for"}, {"start": "00:33:10", "end": "00:33:15", "text": "anything. Okay, first of all, you're"}, {"start": "00:33:12", "end": "00:33:18", "text": "probably a nobody. And second of all, as"}, {"start": "00:33:15", "end": "00:33:20", "text": "long as you're not out there promising"}, {"start": "00:33:18", "end": "00:33:24", "text": "everyone is going to go go get filthy"}, {"start": "00:33:20", "end": "00:33:26", "text": "rich by buying your coin, you're good."}, {"start": "00:33:24", "end": "00:33:28", "text": "And third of all, it's not as easy as"}, {"start": "00:33:26", "end": "00:33:30", "text": "you think. After you launch, it doesn't"}, {"start": "00:33:28", "end": "00:33:32", "text": "just skyrocket to a billion. If if that"}, {"start": "00:33:30", "end": "00:33:36", "text": "was the case, Clash would be at a at a"}, {"start": "00:33:32", "end": "00:33:39", "text": "trillion dollars already. Okay. Um,"}, {"start": "00:33:36", "end": "00:33:42", "text": "you'll be surprised how hard it is to"}, {"start": "00:33:39", "end": "00:33:45", "text": "get people to try something."}, {"start": "00:33:42", "end": "00:33:48", "text": "Just even try it. Vast majority of"}, {"start": "00:33:45", "end": "00:33:51", "text": "people that watching still have not"}, {"start": "00:33:48", "end": "00:33:55", "text": "tried Ask Clash. Even though most of the"}, {"start": "00:33:51", "end": "00:33:58", "text": "features are free and I show it every"}, {"start": "00:33:55", "end": "00:34:02", "text": "day and show all the crypto intelligence"}, {"start": "00:33:58", "end": "00:34:04", "text": "that you could get yet vast majority of"}, {"start": "00:34:02", "end": "00:34:08", "text": "people watching still have not gone on"}, {"start": "00:34:04", "end": "00:34:10", "text": "ass clash. That's how hard it is to get"}, {"start": "00:34:08", "end": "00:34:11", "text": "people to change their behavior because"}, {"start": "00:34:10", "end": "00:34:13", "text": "everyone are just so set in their"}, {"start": "00:34:11", "end": "00:34:15", "text": "behavior and they don't want to do"}, {"start": "00:34:13", "end": "00:34:18", "text": "anything different. That's the bottom"}, {"start": "00:34:15", "end": "00:34:18", "text": "line."}, {"start": "00:34:45", "end": "00:34:50", "text": "Let's see where the liquidation levels."}, {"start": "00:34:47", "end": "00:34:50", "text": "are today."}, {"start": "00:34:55", "end": "00:35:01", "text": "Oh man, we got a big level right here."}, {"start": "00:34:58", "end": "00:35:01", "text": "864."}, {"start": "00:35:01", "end": "00:35:07", "text": "That's a huge one."}, {"start": "00:35:04", "end": "00:35:11", "text": "So, you could see, you know,"}, {"start": "00:35:07", "end": "00:35:14", "text": "we we we bounced off of it, man. And"}, {"start": "00:35:11", "end": "00:35:16", "text": "that's going to be a huge one. If we"}, {"start": "00:35:14", "end": "00:35:18", "text": "could clear 864 and get these people"}, {"start": "00:35:16", "end": "00:35:21", "text": "liquidated, we're probably go ahead to"}, {"start": "00:35:18", "end": "00:35:24", "text": "87 and then we get these people"}, {"start": "00:35:21", "end": "00:35:27", "text": "liquidated. There's nothing here. So, we"}, {"start": "00:35:24", "end": "00:35:30", "text": "could go all the way to like 88 today."}, {"start": "00:35:27", "end": "00:35:32", "text": "Okay. If we just get a little push, a"}, {"start": "00:35:30", "end": "00:35:34", "text": "little more momentum to clear out this"}, {"start": "00:35:32", "end": "00:35:38", "text": "leverage and get a short squeeze all the"}, {"start": "00:35:34", "end": "00:35:38", "text": "way to 88."}, {"start": "00:35:52", "end": "00:35:58", "text": "So"}, {"start": "00:35:54", "end": "00:35:58", "text": "looking forward to that."}, {"start": "00:36:10", "end": "00:36:18", "text": "All right, guys. I'll let you go."}, {"start": "00:36:14", "end": "00:36:21", "text": "Overall, today still pretty good day."}, {"start": "00:36:18", "end": "00:36:24", "text": "We had a fantastic day yesterday."}, {"start": "00:36:21", "end": "00:36:25", "text": "We had a breakout."}, {"start": "00:36:24", "end": "00:36:28", "text": "I'm looking forward to the next one."}, {"start": "00:36:25", "end": "00:36:32", "text": "864."}, {"start": "00:36:28", "end": "00:36:34", "text": "That's the next liquidation level. We"}, {"start": "00:36:32", "end": "00:36:38", "text": "clear that. We're go get a massive short"}, {"start": "00:36:34", "end": "00:36:40", "text": "squeeze and get driven up to 87 88K."}, {"start": "00:36:38", "end": "00:36:43", "text": "We'll see. We'll see that that happens"}, {"start": "00:36:40", "end": "00:36:46", "text": "today or later this week. All right,"}, {"start": "00:36:43", "end": "00:36:48", "text": "guys. That is it. Smash the like,"}, {"start": "00:36:46", "end": "00:36:52", "text": "subscribe to the channel, go check out"}, {"start": "00:36:48", "end": "00:36:54", "text": "Clashpad, go check out CWD if you want"}, {"start": "00:36:52", "end": "00:36:57", "text": "to get continuous rewards"}, {"start": "00:36:54", "end": "00:37:00", "text": "forever, basically."}, {"start": "00:36:57", "end": "00:37:03", "text": "And uh and that's it. All right, have a"}, {"start": "00:37:00", "end": "00:37:03", "text": "good one. Take care."}]

[{"start": "00:00:00", "end": "00:00:06", "text": "Welcome back. So, today"}, {"start": "00:00:03", "end": "00:00:10", "text": "it's absolutely fantastic day for crypto"}, {"start": "00:00:06", "end": "00:00:13", "text": "investors. There's no other way to to"}, {"start": "00:00:10", "end": "00:00:16", "text": "say it. This morning, we started out hot"}, {"start": "00:00:13", "end": "00:00:19", "text": "and it just got hotter and Bitcoin looks"}, {"start": "00:00:16", "end": "00:00:21", "text": "like it still wants to run. So, let's"}, {"start": "00:00:19", "end": "00:00:24", "text": "talk about what's happening right now,"}, {"start": "00:00:21", "end": "00:00:26", "text": "what to expect, where can we head to"}, {"start": "00:00:24", "end": "00:00:30", "text": "next,"}, {"start": "00:00:26", "end": "00:00:33", "text": "and why we're just moving so much now,"}, {"start": "00:00:30", "end": "00:00:36", "text": "right? And as for the bears, good luck"}, {"start": "00:00:33", "end": "00:00:39", "text": "to you. So, right now, we're sitting at"}, {"start": "00:00:36", "end": "00:00:40", "text": "865,"}, {"start": "00:00:39", "end": "00:00:43", "text": "uh, which is really good. This morning,"}, {"start": "00:00:40", "end": "00:00:46", "text": "I think we started out at 84, 85, and we"}, {"start": "00:00:43", "end": "00:00:49", "text": "just kept going. And in fact, we went up"}, {"start": "00:00:46", "end": "00:00:52", "text": "as high as 874. And that's actually a"}, {"start": "00:00:49", "end": "00:00:54", "text": "resistance that I marked years ago."}, {"start": "00:00:52", "end": "00:00:57", "text": "Okay? So, we're like right below it."}, {"start": "00:00:54", "end": "00:01:01", "text": "We're not that far behind. We hit it. We"}, {"start": "00:00:57", "end": "00:01:06", "text": "retraced a little bit and we're gaining"}, {"start": "00:01:01", "end": "00:01:08", "text": "strength to to go up higher. So, that's"}, {"start": "00:01:06", "end": "00:01:11", "text": "what it looks like right now. Right. Uh"}, {"start": "00:01:08", "end": "00:01:14", "text": "let me remove that. So, that is where we"}, {"start": "00:01:11", "end": "00:01:16", "text": "are. And the next stop is there. Okay,"}, {"start": "00:01:14", "end": "00:01:20", "text": "that's the major stop. There may be a"}, {"start": "00:01:16", "end": "00:01:22", "text": "few little stops here and there, but"}, {"start": "00:01:20", "end": "00:01:24", "text": "overall"}, {"start": "00:01:22", "end": "00:01:27", "text": "that is where we're heading to. If we"}, {"start": "00:01:24", "end": "00:01:32", "text": "can break through this 87, the bears are"}, {"start": "00:01:27", "end": "00:01:35", "text": "trying, the shorts are trying very, very"}, {"start": "00:01:32", "end": "00:01:39", "text": "hard to keep us below, but the momentum"}, {"start": "00:01:35", "end": "00:01:42", "text": "is back. The buying is back. ETFs,"}, {"start": "00:01:39", "end": "00:01:44", "text": "stable coins, long-term holders, even"}, {"start": "00:01:42", "end": "00:01:47", "text": "short-term holders with their FOMO, they"}, {"start": "00:01:44", "end": "00:01:50", "text": "are coming back. So, if we break through"}, {"start": "00:01:47", "end": "00:01:52", "text": "this, there's not much holding us from"}, {"start": "00:01:50", "end": "00:01:54", "text": "hitting 90s"}, {"start": "00:01:52", "end": "00:01:57", "text": "quickly,"}, {"start": "00:01:54", "end": "00:02:00", "text": "especially I mean, just look at this 1"}, {"start": "00:01:57", "end": "00:02:03", "text": "billion over 1 billion 1.1 billion"}, {"start": "00:02:00", "end": "00:02:05", "text": "wrecked almost all of that on the short"}, {"start": "00:02:03", "end": "00:02:08", "text": "side. So, again, good luck to the"}, {"start": "00:02:05", "end": "00:02:10", "text": "shorters, to the bears. don't know why"}, {"start": "00:02:08", "end": "00:02:12", "text": "you continue to short. There are some"}, {"start": "00:02:10", "end": "00:02:13", "text": "people that have come around and said,"}, {"start": "00:02:12", "end": "00:02:15", "text": "\"I'm wrong. I don't think we're going to"}, {"start": "00:02:13", "end": "00:02:18", "text": "go down anymore.\""}, {"start": "00:02:15", "end": "00:02:21", "text": "Okay? I mean, just just read the room."}, {"start": "00:02:18", "end": "00:02:24", "text": "Look at what's going on, and you'll know"}, {"start": "00:02:21", "end": "00:02:26", "text": "that, yeah, we're in a true recovery."}, {"start": "00:02:24", "end": "00:02:28", "text": "Obviously, we've been coming up from the"}, {"start": "00:02:26", "end": "00:02:31", "text": "bottom for quite some time now, for a"}, {"start": "00:02:28", "end": "00:02:33", "text": "few weeks now, and now we have the true"}, {"start": "00:02:31", "end": "00:02:36", "text": "strength that we're looking for, and the"}, {"start": "00:02:33", "end": "00:02:38", "text": "shorts are getting wrecked."}, {"start": "00:02:36", "end": "00:02:43", "text": "And the more they get wrecked, the"}, {"start": "00:02:38", "end": "00:02:45", "text": "higher we go. So absolutely fantastic."}, {"start": "00:02:43", "end": "00:02:48", "text": "And this morning I talked about how we"}, {"start": "00:02:45", "end": "00:02:51", "text": "crossed the 50week moving average. And"}, {"start": "00:02:48", "end": "00:02:54", "text": "this is something that a lot of traders"}, {"start": "00:02:51", "end": "00:02:56", "text": "look at in terms of breaking out from"}, {"start": "00:02:54", "end": "00:02:59", "text": "crypto winter is it takes a long time."}, {"start": "00:02:56", "end": "00:03:01", "text": "This is weekly, okay? Takes a long time"}, {"start": "00:02:59", "end": "00:03:04", "text": "to break below and it takes a long time"}, {"start": "00:03:01", "end": "00:03:08", "text": "to break above. The last time that"}, {"start": "00:03:04", "end": "00:03:10", "text": "happened was back in 2022"}, {"start": "00:03:08", "end": "00:03:12", "text": "and we started recovering and then we"}, {"start": "00:03:10", "end": "00:03:16", "text": "never looked back until we hit 126 and"}, {"start": "00:03:12", "end": "00:03:19", "text": "we have just broken it. Right. So, is"}, {"start": "00:03:16", "end": "00:03:21", "text": "history going to repeat or rhyme? It's"}, {"start": "00:03:19", "end": "00:03:25", "text": "looking like it. And it's looking like"}, {"start": "00:03:21", "end": "00:03:29", "text": "this bare cycle, this crypto winter"}, {"start": "00:03:25", "end": "00:03:32", "text": "has been habed because normally we would"}, {"start": "00:03:29", "end": "00:03:34", "text": "still be heading down. Normally, it"}, {"start": "00:03:32", "end": "00:03:36", "text": "would take about a year and a half"}, {"start": "00:03:34", "end": "00:03:38", "text": "before at least a year and a half to two"}, {"start": "00:03:36", "end": "00:03:40", "text": "years before we start recovering. And"}, {"start": "00:03:38", "end": "00:03:43", "text": "we're only about 9 10 months in. So,"}, {"start": "00:03:40", "end": "00:03:47", "text": "we're definitely early. But"}, {"start": "00:03:43", "end": "00:03:50", "text": "hey, I'll take it. Why not? Why not,"}, {"start": "00:03:47", "end": "00:03:52", "text": "right? So, it's looking good. Now,"}, {"start": "00:03:50", "end": "00:03:56", "text": "what's also looking good is this. Look"}, {"start": "00:03:52", "end": "00:03:58", "text": "at this. X is about to go all in on"}, {"start": "00:03:56", "end": "00:04:00", "text": "crypto."}, {"start": "00:03:58", "end": "00:04:03", "text": "They're partnering with Gemini, Kraken,"}, {"start": "00:04:00", "end": "00:04:05", "text": "Mumu, Coinbase, Interactive Broker. So,"}, {"start": "00:04:03", "end": "00:04:07", "text": "crypto and stocks, but all these"}, {"start": "00:04:05", "end": "00:04:10", "text": "basically offer crypto. So, they"}, {"start": "00:04:07", "end": "00:04:13", "text": "introduced money recently, okay, which"}, {"start": "00:04:10", "end": "00:04:15", "text": "is kind of like their own bank. You can"}, {"start": "00:04:13", "end": "00:04:18", "text": "earn a lot of interest up to 6% like"}, {"start": "00:04:15", "end": "00:04:20", "text": "four to 6%. And they make all creators"}, {"start": "00:04:18", "end": "00:04:23", "text": "like subscribe to that now in terms of"}, {"start": "00:04:20", "end": "00:04:25", "text": "you want to get revenue. But pretty soon"}, {"start": "00:04:23", "end": "00:04:29", "text": "they're gonna integrate all of this so"}, {"start": "00:04:25", "end": "00:04:32", "text": "that you can buy your crypto"}, {"start": "00:04:29", "end": "00:04:34", "text": "or stocks like Coinbase or Micro"}, {"start": "00:04:32", "end": "00:04:37", "text": "Strategy straight from X. This will be"}, {"start": "00:04:34", "end": "00:04:39", "text": "huge. We're talking about hundreds of"}, {"start": "00:04:37", "end": "00:04:42", "text": "millions of people that can buy on a"}, {"start": "00:04:39", "end": "00:04:45", "text": "whim when they see something posted,"}, {"start": "00:04:42", "end": "00:04:47", "text": "right? Maybe not such a good idea, but"}, {"start": "00:04:45", "end": "00:04:50", "text": "it's going to happen. It's going to"}, {"start": "00:04:47", "end": "00:04:52", "text": "happen. So things are looking good. I'm"}, {"start": "00:04:50", "end": "00:04:54", "text": "excited. You know if you look at the"}, {"start": "00:04:52", "end": "00:04:55", "text": "charts"}, {"start": "00:04:54", "end": "00:05:01", "text": "there are a lot of good things"}, {"start": "00:04:55", "end": "00:05:05", "text": "happening. ETH is 2700 almost 28. Soul"}, {"start": "00:05:01", "end": "00:05:07", "text": "is almost at 120 and today like Sooie"}, {"start": "00:05:05", "end": "00:05:10", "text": "went up like 20 something%. ADA is up"}, {"start": "00:05:07", "end": "00:05:12", "text": "right now it's down because we were up"}, {"start": "00:05:10", "end": "00:05:15", "text": "so much but yeah like arbitrum is up"}, {"start": "00:05:12", "end": "00:05:18", "text": "like 20%. I mean it's just absolute"}, {"start": "00:05:15", "end": "00:05:21", "text": "insanity today which is good for all of"}, {"start": "00:05:18", "end": "00:05:24", "text": "you guys in crypto. This is just a"}, {"start": "00:05:21", "end": "00:05:28", "text": "gentle reminder of what's to come"}, {"start": "00:05:24", "end": "00:05:32", "text": "outside of crypto. Uh speaking of X,"}, {"start": "00:05:28", "end": "00:05:36", "text": "X did release their Gro 4.7. Okay, if"}, {"start": "00:05:32", "end": "00:05:38", "text": "you're AI guy, I used it. Honestly, I"}, {"start": "00:05:36", "end": "00:05:41", "text": "think it's benchmaxed. So, supposedly"}, {"start": "00:05:38", "end": "00:05:43", "text": "it's better than 4.6, but using it is"}, {"start": "00:05:41", "end": "00:05:47", "text": "really not. It's not faster. It's not"}, {"start": "00:05:43", "end": "00:05:50", "text": "any better. So, seems like Elon and X"}, {"start": "00:05:47", "end": "00:05:52", "text": "and Space Xi, they they kind of fell for"}, {"start": "00:05:50", "end": "00:05:55", "text": "the trap and they they were pressured"}, {"start": "00:05:52", "end": "00:05:59", "text": "into releasing 4.7 when it really wasn't"}, {"start": "00:05:55", "end": "00:06:02", "text": "ready. So, unfortunately, that happened."}, {"start": "00:05:59", "end": "00:06:03", "text": "And then also, I saw this OpenAI, you"}, {"start": "00:06:02", "end": "00:06:06", "text": "know, there's a lot of talk about how"}, {"start": "00:06:03", "end": "00:06:10", "text": "they're going to uh introduce a few"}, {"start": "00:06:06", "end": "00:06:11", "text": "models tomorrow. Okay. And one of their"}, {"start": "00:06:10", "end": "00:06:13", "text": "models, don't know if it's going to be"}, {"start": "00:06:11", "end": "00:06:16", "text": "the one being introduced tomorrow, is so"}, {"start": "00:06:13", "end": "00:06:19", "text": "good it it closed more than a hundred"}, {"start": "00:06:16", "end": "00:06:21", "text": "math problems, like the hardest ones"}, {"start": "00:06:19", "end": "00:06:23", "text": "that haven't been solved for decades"}, {"start": "00:06:21", "end": "00:06:25", "text": "upon decades."}, {"start": "00:06:23", "end": "00:06:28", "text": "Okay? And this model is solving like"}, {"start": "00:06:25", "end": "00:06:31", "text": "crazy. So the math whatever math"}, {"start": "00:06:28", "end": "00:06:33", "text": "association group, math wizards out"}, {"start": "00:06:31", "end": "00:06:37", "text": "there, they're they're gonna get"}, {"start": "00:06:33", "end": "00:06:39", "text": "together because they don't know what to"}, {"start": "00:06:37", "end": "00:06:41", "text": "what to think of because now AI has"}, {"start": "00:06:39", "end": "00:06:44", "text": "gotten so good. You may not need"}, {"start": "00:06:41", "end": "00:06:46", "text": "mathematicians in the future anymore"}, {"start": "00:06:44", "end": "00:06:47", "text": "because AI will just solve all these"}, {"start": "00:06:46", "end": "00:06:50", "text": "problems. And then imagine if you"}, {"start": "00:06:47", "end": "00:06:51", "text": "combine AI with quantum computing."}, {"start": "00:06:50", "end": "00:06:56", "text": "That's going to be insane. Basically,"}, {"start": "00:06:51", "end": "00:06:58", "text": "every math problem ever that ever exists"}, {"start": "00:06:56", "end": "00:07:00", "text": "or will exist will be solved almost"}, {"start": "00:06:58", "end": "00:07:05", "text": "instantaneously."}, {"start": "00:07:00", "end": "00:07:08", "text": "That would be Skynet basically."}, {"start": "00:07:05", "end": "00:07:10", "text": "I'll tell you that uh Clashpad, if you"}, {"start": "00:07:08", "end": "00:07:14", "text": "guys haven't checked it out yet, please"}, {"start": "00:07:10", "end": "00:07:16", "text": "do so. We're up to 98 soul."}, {"start": "00:07:14", "end": "00:07:20", "text": "Okay. And we're going to climb above 100"}, {"start": "00:07:16", "end": "00:07:23", "text": "soon. This is rewards. soul rewards that"}, {"start": "00:07:20", "end": "00:07:24", "text": "are sent to holders for people that have"}, {"start": "00:07:23", "end": "00:07:28", "text": "bought"}, {"start": "00:07:24", "end": "00:07:30", "text": "and held their tokens from Clashpad. And"}, {"start": "00:07:28", "end": "00:07:32", "text": "we have a couple new ones. There's one"}, {"start": "00:07:30", "end": "00:07:35", "text": "here. I think a lot of you guys"}, {"start": "00:07:32", "end": "00:07:37", "text": "recognize this. This the most"}, {"start": "00:07:35", "end": "00:07:39", "text": "educational XRP video ever created,"}, {"start": "00:07:37", "end": "00:07:42", "text": "right? We got a couple of ones that are"}, {"start": "00:07:39", "end": "00:07:43", "text": "actually gaining some momentum here."}, {"start": "00:07:42", "end": "00:07:46", "text": "Okay. But overall, I think a lot of"}, {"start": "00:07:43", "end": "00:07:48", "text": "people are very excited about Clash"}, {"start": "00:07:46", "end": "00:07:53", "text": "World, which is coming up. That is a"}, {"start": "00:07:48", "end": "00:07:54", "text": "game that I am developing. Okay. Um, but"}, {"start": "00:07:53", "end": "00:07:56", "text": "if you haven't checked out Clashpad yet,"}, {"start": "00:07:54", "end": "00:07:59", "text": "make sure you do so. You could create"}, {"start": "00:07:56", "end": "00:08:02", "text": "your own token, your own meme token or"}, {"start": "00:07:59", "end": "00:08:05", "text": "serious token if you want. Okay. And all"}, {"start": "00:08:02", "end": "00:08:09", "text": "the holders get distributed soul in in"}, {"start": "00:08:05", "end": "00:08:11", "text": "terms of reward just simply by holding"}, {"start": "00:08:09", "end": "00:08:14", "text": "from all the transaction fees that gets"}, {"start": "00:08:11", "end": "00:08:16", "text": "charged. That is what gets distributed."}, {"start": "00:08:14", "end": "00:08:20", "text": "And you know what? people that love a"}, {"start": "00:08:16", "end": "00:08:21", "text": "project, they could get rewarded to"}, {"start": "00:08:20", "end": "00:08:24", "text": "hold. And that's a very different"}, {"start": "00:08:21", "end": "00:08:27", "text": "premise than all the other launchpads"}, {"start": "00:08:24", "end": "00:08:29", "text": "and and projects that you you hear of"}, {"start": "00:08:27", "end": "00:08:31", "text": "out there. Okay, that's really it. So,"}, {"start": "00:08:29", "end": "00:08:34", "text": "Clashpad doing very well for Clash"}, {"start": "00:08:31", "end": "00:08:35", "text": "ecosystem. The flywheel is working."}, {"start": "00:08:34", "end": "00:08:37", "text": "People love the fact that they get"}, {"start": "00:08:35", "end": "00:08:41", "text": "rewarded and a soul and there's a lot of"}, {"start": "00:08:37", "end": "00:08:44", "text": "new tokens in here. Some will become"}, {"start": "00:08:41", "end": "00:08:47", "text": "hopefully the next billion dollar"}, {"start": "00:08:44", "end": "00:08:49", "text": "project. So, go check them out or start"}, {"start": "00:08:47", "end": "00:08:51", "text": "your own if you don't like any of these."}, {"start": "00:08:49", "end": "00:08:54", "text": "All right, that's it, guys. Overall,"}, {"start": "00:08:51", "end": "00:08:58", "text": "we're doing pretty darn good. And Asia"}, {"start": "00:08:54", "end": "00:09:00", "text": "is about to wake up and we'll see if"}, {"start": "00:08:58", "end": "00:09:04", "text": "Asia decides to FOMO in. Most likely"}, {"start": "00:09:00", "end": "00:09:07", "text": "they will. No reason why they won't."}, {"start": "00:09:04", "end": "00:09:10", "text": "And the rest of this week"}, {"start": "00:09:07", "end": "00:09:12", "text": "looks pretty darn good. All right, guys."}, {"start": "00:09:10", "end": "00:09:14", "text": "Smash it like, subscribe to the channel."}, {"start": "00:09:12", "end": "00:09:17", "text": "Take care."}, {"start": "00:09:14", "end": "00:09:17", "text": "Bye-bye."}]

[{"start": "00:00:03", "end": "00:00:08", "text": "Welcome back to Cryptos are Us. I am"}, {"start": "00:00:06", "end": "00:00:11", "text": "George."}, {"start": "00:00:08", "end": "00:00:13", "text": "We're all George."}, {"start": "00:00:11", "end": "00:00:15", "text": "Welcome to another market open stream"}, {"start": "00:00:13", "end": "00:00:18", "text": "and it is looking"}, {"start": "00:00:15", "end": "00:00:23", "text": "quite green this morning."}, {"start": "00:00:18", "end": "00:00:26", "text": "Bitcoin shattered through $85,000."}, {"start": "00:00:23", "end": "00:00:29", "text": "So, the bull market is definitely back"}, {"start": "00:00:26", "end": "00:00:30", "text": "and we have cleared a historic breakout"}, {"start": "00:00:29", "end": "00:00:32", "text": "level."}, {"start": "00:00:30", "end": "00:00:35", "text": "So, let's talk about these things. Let's"}, {"start": "00:00:32", "end": "00:00:37", "text": "talk about what's driving things up and"}, {"start": "00:00:35", "end": "00:00:40", "text": "let's talk about what else is going on"}, {"start": "00:00:37", "end": "00:00:45", "text": "in the world today. All right, let's do"}, {"start": "00:00:40", "end": "00:00:47", "text": "it, guys. Let's do it. Welcome, welcome,"}, {"start": "00:00:45", "end": "00:00:50", "text": "welcome. So, we are waking up to this."}, {"start": "00:00:47", "end": "00:00:52", "text": "We were actually a little bit higher. We"}, {"start": "00:00:50", "end": "00:00:55", "text": "were like 852."}, {"start": "00:00:52", "end": "00:00:58", "text": "Okay, but we're up"}, {"start": "00:00:55", "end": "00:01:01", "text": "5.5%"}, {"start": "00:00:58", "end": "00:01:05", "text": "over $4,400"}, {"start": "00:01:01", "end": "00:01:05", "text": "and uh and also"}, {"start": "00:01:08", "end": "00:01:15", "text": "loads. Yes, at 2700."}, {"start": "00:01:11", "end": "00:01:20", "text": "Soul is at 117."}, {"start": "00:01:15", "end": "00:01:24", "text": "I mean, Sue is up 26% today. Suie was"}, {"start": "00:01:20", "end": "00:01:28", "text": "decimated recently like 60 something 70"}, {"start": "00:01:24", "end": "00:01:32", "text": "something cents now has almost doubled"}, {"start": "00:01:28", "end": "00:01:34", "text": "and today the rest [snorts] of alts and"}, {"start": "00:01:32", "end": "00:01:37", "text": "it looks like on my watch list like"}, {"start": "00:01:34", "end": "00:01:40", "text": "everything Micro Strategies is up 10%"}, {"start": "00:01:37", "end": "00:01:44", "text": "Robin Hood is up Coinbase is up like"}, {"start": "00:01:40", "end": "00:01:47", "text": "today is shaping up to be a very good"}, {"start": "00:01:44", "end": "00:01:49", "text": "day and you could see the US markets"}, {"start": "00:01:47", "end": "00:01:52", "text": "opening up in"}, {"start": "00:01:49", "end": "00:01:54", "text": "I'm so used to saying red. Greed. Greed."}, {"start": "00:01:52", "end": "00:01:57", "text": "Right. I I put out a Sunday video"}, {"start": "00:01:54", "end": "00:02:00", "text": "yesterday expecting the same. There's"}, {"start": "00:01:57", "end": "00:02:03", "text": "really no big economic data this week"}, {"start": "00:02:00", "end": "00:02:06", "text": "that should stop things. There's no FOMC"}, {"start": "00:02:03", "end": "00:02:08", "text": "meeting to worry about. Uh there's not a"}, {"start": "00:02:06", "end": "00:02:12", "text": "whole lot"}, {"start": "00:02:08", "end": "00:02:14", "text": "from a macro perspective that can sour"}, {"start": "00:02:12", "end": "00:02:19", "text": "things as we, you know, kind of close"}, {"start": "00:02:14", "end": "00:02:22", "text": "out this final week of September."}, {"start": "00:02:19", "end": "00:02:26", "text": "Um you know, a couple of things that you"}, {"start": "00:02:22", "end": "00:02:29", "text": "may want to know about or care about or"}, {"start": "00:02:26", "end": "00:02:32", "text": "never hasn't heard about yet. [laughter]"}, {"start": "00:02:29", "end": "00:02:35", "text": "Uh, Trump kicked out three"}, {"start": "00:02:32", "end": "00:02:38", "text": "news outlets, MS Now, CNN, and Political"}, {"start": "00:02:35", "end": "00:02:43", "text": "from the White House, which technically"}, {"start": "00:02:38", "end": "00:02:47", "text": "is illegal. Um, so they're suing to"}, {"start": "00:02:43", "end": "00:02:49", "text": "reverse that ban, but Trump says they're"}, {"start": "00:02:47", "end": "00:02:51", "text": "nothing but fake news and until they"}, {"start": "00:02:49", "end": "00:02:53", "text": "change, they're not allowed back in the"}, {"start": "00:02:51", "end": "00:02:57", "text": "White House."}, {"start": "00:02:53", "end": "00:03:00", "text": "So, that that happened. You know what"}, {"start": "00:02:57", "end": "00:03:03", "text": "else happened is uh you know we kind of"}, {"start": "00:03:00", "end": "00:03:06", "text": "officially as a country took over"}, {"start": "00:03:03", "end": "00:03:06", "text": "Greenland."}, {"start": "00:03:06", "end": "00:03:12", "text": "Uh there was already a security deal in"}, {"start": "00:03:08", "end": "00:03:14", "text": "place since 1952."}, {"start": "00:03:12", "end": "00:03:17", "text": "But I guess this extends that basically"}, {"start": "00:03:14", "end": "00:03:20", "text": "the US can do whatever military put"}, {"start": "00:03:17", "end": "00:03:23", "text": "whatever milit military bases or"}, {"start": "00:03:20", "end": "00:03:26", "text": "personnel on Greenland. And I guess the"}, {"start": "00:03:23", "end": "00:03:29", "text": "new agreement says that uh no other"}, {"start": "00:03:26", "end": "00:03:31", "text": "country could do so like basically"}, {"start": "00:03:29", "end": "00:03:36", "text": "forever. So basically it's like taking"}, {"start": "00:03:31", "end": "00:03:36", "text": "over without taking over. Um"}, {"start": "00:03:36", "end": "00:03:42", "text": "so we got that as well."}, {"start": "00:03:40", "end": "00:03:43", "text": "And then the last thing that's outside"}, {"start": "00:03:42", "end": "00:03:46", "text": "of crypto that's kind of related, kind"}, {"start": "00:03:43", "end": "00:03:49", "text": "of not, but the AI, remember there's a"}, {"start": "00:03:46", "end": "00:03:52", "text": "lot of doomsayers from last week talking"}, {"start": "00:03:49", "end": "00:03:54", "text": "about how AI will destroy humanity and"}, {"start": "00:03:52", "end": "00:03:56", "text": "and a lot of companies, especially the"}, {"start": "00:03:54", "end": "00:03:59", "text": "frontier companies like Claude or"}, {"start": "00:03:56", "end": "00:04:01", "text": "Anthropic and OpenAI were both kind of"}, {"start": "00:03:59", "end": "00:04:03", "text": "calling for more regulations and people"}, {"start": "00:04:01", "end": "00:04:06", "text": "are reading in between the lines. So,"}, {"start": "00:04:03", "end": "00:04:08", "text": "they're not really calling for"}, {"start": "00:04:06", "end": "00:04:11", "text": "they're not really calling for"}, {"start": "00:04:08", "end": "00:04:14", "text": "regulations or being taken over. They're"}, {"start": "00:04:11", "end": "00:04:16", "text": "actually looking for liability shield"}, {"start": "00:04:14", "end": "00:04:18", "text": "and uh bes like no, they're not going to"}, {"start": "00:04:16", "end": "00:04:20", "text": "get it from us. They need to take"}, {"start": "00:04:18", "end": "00:04:23", "text": "responsibility for their own actions. If"}, {"start": "00:04:20", "end": "00:04:26", "text": "their own AI goes out and hacks things"}, {"start": "00:04:23", "end": "00:04:29", "text": "and causes damage, they're going to be"}, {"start": "00:04:26", "end": "00:04:32", "text": "responsible. The US is not going to be"}, {"start": "00:04:29", "end": "00:04:34", "text": "protecting them, right? So that also"}, {"start": "00:04:32", "end": "00:04:40", "text": "came out."}, {"start": "00:04:34", "end": "00:04:40", "text": "So among these things, of course,"}, {"start": "00:04:40", "end": "00:04:45", "text": "markets and Bitcoin are rallying, right?"}, {"start": "00:04:43", "end": "00:04:46", "text": "There's really nothing. I mean, there's"}, {"start": "00:04:45", "end": "00:04:49", "text": "some interesting stuff, but there's"}, {"start": "00:04:46", "end": "00:04:51", "text": "nothing holding the market back. And"}, {"start": "00:04:49", "end": "00:04:53", "text": "right now,"}, {"start": "00:04:51", "end": "00:04:56", "text": "okay, and I did say this yesterday or"}, {"start": "00:04:53", "end": "00:04:58", "text": "last week, not yesterday, that we could"}, {"start": "00:04:56", "end": "00:05:01", "text": "certainly flip it in a green for"}, {"start": "00:04:58", "end": "00:05:03", "text": "September, building upon July and"}, {"start": "00:05:01", "end": "00:05:07", "text": "August. That's exactly what we're seeing"}, {"start": "00:05:03", "end": "00:05:08", "text": "now. We're plus 5% now in September,"}, {"start": "00:05:07", "end": "00:05:10", "text": "4.7%."}, {"start": "00:05:08", "end": "00:05:15", "text": "All right, which is in line with"}, {"start": "00:05:10", "end": "00:05:15", "text": "September of 2025, 2024, 2023."}, {"start": "00:05:15", "end": "00:05:17", "text": "[snorts]"}, {"start": "00:05:15", "end": "00:05:19", "text": "It's around there, but we could"}, {"start": "00:05:17", "end": "00:05:21", "text": "certainly do better. And then look at"}, {"start": "00:05:19", "end": "00:05:22", "text": "October. That's why they call it"}, {"start": "00:05:21", "end": "00:05:26", "text": "October,"}, {"start": "00:05:22", "end": "00:05:31", "text": "right? This is setting the stage"}, {"start": "00:05:26", "end": "00:05:34", "text": "for a really good recovery in October."}, {"start": "00:05:31", "end": "00:05:36", "text": "And we have seen some crazy recoveries."}, {"start": "00:05:34", "end": "00:05:39", "text": "Plus 28%"}, {"start": "00:05:36", "end": "00:05:43", "text": "in 2023. That was coming off of crypto"}, {"start": "00:05:39", "end": "00:05:50", "text": "winter, right? We had plus 40% in 2021,"}, {"start": "00:05:43", "end": "00:05:54", "text": "plus 28% in 2020, plus 48% in 2017,"}, {"start": "00:05:50", "end": "00:05:58", "text": "32% in 2015 coming off of crypto winter."}, {"start": "00:05:54", "end": "00:06:01", "text": "So, we could definitely build upon this."}, {"start": "00:05:58", "end": "00:06:05", "text": "And this leads us right into midterms,"}, {"start": "00:06:01", "end": "00:06:08", "text": "right? And I kind of expected us to make"}, {"start": "00:06:05", "end": "00:06:10", "text": "a good run before then. And who's to say"}, {"start": "00:06:08", "end": "00:06:12", "text": "we can't continue afterwards because we"}, {"start": "00:06:10", "end": "00:06:19", "text": "are recovering"}, {"start": "00:06:12", "end": "00:06:19", "text": "from crypto crypto winter bottom."}, {"start": "00:06:20", "end": "00:06:23", "text": "So"}, {"start": "00:06:21", "end": "00:06:25", "text": "looking good. Uh I already covered this"}, {"start": "00:06:23", "end": "00:06:29", "text": "yesterday but I'll cover it again. But"}, {"start": "00:06:25", "end": "00:06:31", "text": "inflow last week overall positive. There"}, {"start": "00:06:29", "end": "00:06:34", "text": "was some iffy days but the last few days"}, {"start": "00:06:31", "end": "00:06:39", "text": "made up for it. On Friday, we have plus"}, {"start": "00:06:34", "end": "00:06:43", "text": "433 433 million for Bitcoin, plus 143"}, {"start": "00:06:39", "end": "00:06:47", "text": "million for ETH, plus 47.6 million for"}, {"start": "00:06:43", "end": "00:06:53", "text": "Soul, plus 1.8 million for XRP. So, some"}, {"start": "00:06:47", "end": "00:06:56", "text": "big numbers all around and liquidity"}, {"start": "00:06:53", "end": "00:07:01", "text": "in the form of stable coins"}, {"start": "00:06:56", "end": "00:07:02", "text": "skyrocketing po 1.23 billion in a single"}, {"start": "00:07:01", "end": "00:07:05", "text": "day."}, {"start": "00:07:02", "end": "00:07:07", "text": "And today, seeing how things are moving,"}, {"start": "00:07:05", "end": "00:07:11", "text": "we're going to see a lot more ETF"}, {"start": "00:07:07", "end": "00:07:14", "text": "inflows, a lot more money"}, {"start": "00:07:11", "end": "00:07:17", "text": "flow into this space, that cap rotation"}, {"start": "00:07:14", "end": "00:07:20", "text": "that I've been talking about for months"}, {"start": "00:07:17", "end": "00:07:23", "text": "upon months"}, {"start": "00:07:20", "end": "00:07:25", "text": "is happening. This is what happens when"}, {"start": "00:07:23", "end": "00:07:27", "text": "you"}, {"start": "00:07:25", "end": "00:07:29", "text": "recover from crypto winter. And I've"}, {"start": "00:07:27", "end": "00:07:32", "text": "been through so many cycles. I know a"}, {"start": "00:07:29", "end": "00:07:35", "text": "lot of you guys have. But during the"}, {"start": "00:07:32", "end": "00:07:38", "text": "staleness, during the"}, {"start": "00:07:35", "end": "00:07:40", "text": "the futish times, there's always people"}, {"start": "00:07:38", "end": "00:07:41", "text": "that don't believe, that think that it's"}, {"start": "00:07:40", "end": "00:07:43", "text": "over, that we're going to be stuck and"}, {"start": "00:07:41", "end": "00:07:46", "text": "we're not going to ever recover. That's"}, {"start": "00:07:43", "end": "00:07:49", "text": "just nonsense because we always do. And"}, {"start": "00:07:46", "end": "00:07:53", "text": "not only do we recover, we make a new"}, {"start": "00:07:49", "end": "00:07:56", "text": "high, too. So,"}, {"start": "00:07:53", "end": "00:08:04", "text": "looking pretty good."}, {"start": "00:07:56", "end": "00:08:04", "text": "Uh so far, last 24 hours, $800 million,"}, {"start": "00:08:04", "end": "00:08:10", "text": "$800 million worth of contracts"}, {"start": "00:08:08", "end": "00:08:13", "text": "liquidated."}, {"start": "00:08:10", "end": "00:08:17", "text": "Okay, mostly on the short side, which is"}, {"start": "00:08:13", "end": "00:08:18", "text": "good. We're having a good short squeeze."}, {"start": "00:08:17", "end": "00:08:21", "text": "And we could have more because if you"}, {"start": "00:08:18", "end": "00:08:26", "text": "look at the liquidation heat map, we do"}, {"start": "00:08:21", "end": "00:08:28", "text": "have more right around 86,000. 859"}, {"start": "00:08:26", "end": "00:08:31", "text": "858."}, {"start": "00:08:28", "end": "00:08:33", "text": "You could see the the yellow over here."}, {"start": "00:08:31", "end": "00:08:35", "text": "If we continue"}, {"start": "00:08:33", "end": "00:08:38", "text": "and we"}, {"start": "00:08:35", "end": "00:08:42", "text": "break through those levels, we're going"}, {"start": "00:08:38", "end": "00:08:45", "text": "to get more short squeezes and that's"}, {"start": "00:08:42", "end": "00:08:48", "text": "going to drive us probably to the 90s,"}, {"start": "00:08:45", "end": "00:08:51", "text": "low 90s. Okay. there's not much holding"}, {"start": "00:08:48", "end": "00:08:54", "text": "us back at this point. So, the one good"}, {"start": "00:08:51", "end": "00:08:56", "text": "thing about liquidations"}, {"start": "00:08:54", "end": "00:08:58", "text": "uh is"}, {"start": "00:08:56", "end": "00:09:01", "text": "it moves it moves the price"}, {"start": "00:08:58", "end": "00:09:03", "text": "significantly in one way or another."}, {"start": "00:09:01", "end": "00:09:05", "text": "Okay, when you have a short squeeze, we"}, {"start": "00:09:03", "end": "00:09:09", "text": "get pushed to upside long squeeze, we"}, {"start": "00:09:05", "end": "00:09:09", "text": "get pushed to the downside."}, {"start": "00:09:11", "end": "00:09:20", "text": "Looking good. Looking good."}, {"start": "00:09:15", "end": "00:09:22", "text": "Uh, what else? Well, Sailor,"}, {"start": "00:09:20", "end": "00:09:25", "text": "he skipped last week, decided to buy"}, {"start": "00:09:22", "end": "00:09:29", "text": "this week, which is good. 950 million"}, {"start": "00:09:25", "end": "00:09:34", "text": "and repurchased 174 million of Stretch."}, {"start": "00:09:29", "end": "00:09:36", "text": "So, overall holding a even 846,000"}, {"start": "00:09:34", "end": "00:09:42", "text": "Bitcoin"}, {"start": "00:09:36", "end": "00:09:42", "text": "and 6.09 billion of USD assets."}, {"start": "00:09:42", "end": "00:09:49", "text": "That's weird. I don't think I've ever"}, {"start": "00:09:45", "end": "00:09:52", "text": "heard him call like say USD assets. He"}, {"start": "00:09:49", "end": "00:09:57", "text": "would say he has a reserve or something."}, {"start": "00:09:52", "end": "00:09:59", "text": "What is what is a s"}, {"start": "00:09:57", "end": "00:10:03", "text": "What is this asset? That that's"}, {"start": "00:09:59", "end": "00:10:03", "text": "something completely new"}, {"start": "00:10:03", "end": "00:10:10", "text": "USD duration 3.8 years stretch Bitcoin."}, {"start": "00:10:07", "end": "00:10:11", "text": "I I don't know. I I'll have to look into"}, {"start": "00:10:10", "end": "00:10:14", "text": "that. I don't I don't think I've ever"}, {"start": "00:10:11", "end": "00:10:18", "text": "seen him say that. It's not USD. You"}, {"start": "00:10:14", "end": "00:10:21", "text": "can't call USD an asset."}, {"start": "00:10:18", "end": "00:10:24", "text": "Okay. Fiat is certainly not an asset and"}, {"start": "00:10:21", "end": "00:10:26", "text": "certainly not one you want to hold a lot"}, {"start": "00:10:24", "end": "00:10:29", "text": "of long term. And he knows that. He's"}, {"start": "00:10:26", "end": "00:10:32", "text": "been saying that,"}, {"start": "00:10:29", "end": "00:10:36", "text": "you know, money is basically debt. That"}, {"start": "00:10:32", "end": "00:10:38", "text": "that's what it is. It's debt. It's not"}, {"start": "00:10:36", "end": "00:10:40", "text": "real. It's not an asset. And that's why"}, {"start": "00:10:38", "end": "00:10:44", "text": "it debasis and you lose your buddy"}, {"start": "00:10:40", "end": "00:10:47", "text": "power, buying power over time. So I'm"}, {"start": "00:10:44", "end": "00:10:50", "text": "not even sure what USD assets are. I'll"}, {"start": "00:10:47", "end": "00:10:53", "text": "have to do some research on that."}, {"start": "00:10:50", "end": "00:10:57", "text": "But he did purchase Strive also"}, {"start": "00:10:53", "end": "00:11:01", "text": "purchased 1355 Bitcoin. So they're up to"}, {"start": "00:10:57", "end": "00:11:03", "text": "26 355. Nowhere close to to strategy,"}, {"start": "00:11:01", "end": "00:11:06", "text": "but still"}, {"start": "00:11:03", "end": "00:11:09", "text": "a buy is a buy. And $26,000 is quite a"}, {"start": "00:11:06", "end": "00:11:11", "text": "lot. 2.1 billion. Okay, billion with a"}, {"start": "00:11:09", "end": "00:11:16", "text": "beast. So, uh, nowhere's no one's close"}, {"start": "00:11:11", "end": "00:11:18", "text": "to strategy. Everyone knows that. But"}, {"start": "00:11:16", "end": "00:11:20", "text": "you have a lot of firms that are still"}, {"start": "00:11:18", "end": "00:11:23", "text": "ding"}, {"start": "00:11:20", "end": "00:11:27", "text": "just like long-term holders. That's the"}, {"start": "00:11:23", "end": "00:11:30", "text": "right move you accumulate through ding"}, {"start": "00:11:27", "end": "00:11:30", "text": "longterm."}, {"start": "00:11:32", "end": "00:11:40", "text": "All right. What else? Well, uh, yeah."}, {"start": "00:11:36", "end": "00:11:42", "text": "So, Becoin after today's movement"}, {"start": "00:11:40", "end": "00:11:46", "text": "cleared a historic breakout level and"}, {"start": "00:11:42", "end": "00:11:48", "text": "what is that level? The 50W week moving"}, {"start": "00:11:46", "end": "00:11:51", "text": "average."}, {"start": "00:11:48", "end": "00:11:54", "text": "Okay. And you could see it right there."}, {"start": "00:11:51", "end": "00:11:56", "text": "And normally when you lose that, it's no"}, {"start": "00:11:54", "end": "00:11:59", "text": "good."}, {"start": "00:11:56", "end": "00:12:03", "text": "We lost it coming down from our all-time"}, {"start": "00:11:59", "end": "00:12:07", "text": "high in November 2025."}, {"start": "00:12:03", "end": "00:12:12", "text": "And now we have regained it."}, {"start": "00:12:07", "end": "00:12:15", "text": "It took a while, almost an entire year."}, {"start": "00:12:12", "end": "00:12:17", "text": "But when it comes to crypto winters,"}, {"start": "00:12:15", "end": "00:12:20", "text": "that's probably the shortest we have"}, {"start": "00:12:17", "end": "00:12:22", "text": "ever seen."}, {"start": "00:12:20", "end": "00:12:25", "text": "If you look back at previous crypto"}, {"start": "00:12:22", "end": "00:12:27", "text": "winters, they lasted a hell of a lot"}, {"start": "00:12:25", "end": "00:12:29", "text": "longer. Usually double the time frame."}, {"start": "00:12:27", "end": "00:12:32", "text": "It takes about a year and a half to two"}, {"start": "00:12:29", "end": "00:12:35", "text": "years before we see real recovery. this"}, {"start": "00:12:32", "end": "00:12:37", "text": "time around less than a year about 10"}, {"start": "00:12:35", "end": "00:12:42", "text": "months,"}, {"start": "00:12:37", "end": "00:12:42", "text": "nine, ten months. So"}, {"start": "00:12:42", "end": "00:12:49", "text": "definitely much faster. So, you know,"}, {"start": "00:12:46", "end": "00:12:52", "text": "when when it comes to Bitcoin, its"}, {"start": "00:12:49", "end": "00:12:54", "text": "charts, it movement,"}, {"start": "00:12:52", "end": "00:12:57", "text": "you know, you look at historical"}, {"start": "00:12:54", "end": "00:13:00", "text": "patterns, it's it's not always the same,"}, {"start": "00:12:57", "end": "00:13:03", "text": "but it it it does move and tends to"}, {"start": "00:13:00", "end": "00:13:05", "text": "rhyme, right? And that's what we're"}, {"start": "00:13:03", "end": "00:13:09", "text": "seeing right now."}, {"start": "00:13:05", "end": "00:13:12", "text": "So, good. Here's another one. anchored"}, {"start": "00:13:09", "end": "00:13:15", "text": "VWAP"}, {"start": "00:13:12", "end": "00:13:19", "text": "2025 and we're breaking throughout."}, {"start": "00:13:15", "end": "00:13:22", "text": "We're breaking that as well. So"}, {"start": "00:13:19", "end": "00:13:25", "text": "2021 we had something similar where we"}, {"start": "00:13:22", "end": "00:13:29", "text": "went below and then we broke above"}, {"start": "00:13:25", "end": "00:13:31", "text": "utilized it and never looked back. And"}, {"start": "00:13:29", "end": "00:13:34", "text": "it's looking like the same"}, {"start": "00:13:31", "end": "00:13:37", "text": "now."}, {"start": "00:13:34", "end": "00:13:42", "text": "Good stuff."}, {"start": "00:13:37", "end": "00:13:45", "text": "Good stuff. Good stuff."}, {"start": "00:13:42", "end": "00:13:49", "text": "Also good stuff. Like man like for alts"}, {"start": "00:13:45", "end": "00:13:52", "text": "I covered it. Solana the ETF"}, {"start": "00:13:49", "end": "00:13:54", "text": "breaking out."}, {"start": "00:13:52", "end": "00:13:56", "text": "Ethereum ETF"}, {"start": "00:13:54", "end": "00:13:58", "text": "breaking out. I mean breaking out in"}, {"start": "00:13:56", "end": "00:14:00", "text": "terms of inflows. You're seeing massive"}, {"start": "00:13:58", "end": "00:14:04", "text": "amount come in, right? You're seeing a"}, {"start": "00:14:00", "end": "00:14:06", "text": "lot of other plays like Arbitum is on"}, {"start": "00:14:04", "end": "00:14:08", "text": "fire."}, {"start": "00:14:06", "end": "00:14:13", "text": "Near"}, {"start": "00:14:08", "end": "00:14:16", "text": "is on fire. Hype is on fire. All the"}, {"start": "00:14:13", "end": "00:14:21", "text": "projects that have a lot of utility."}, {"start": "00:14:16", "end": "00:14:25", "text": "Okay, a lot of utility,"}, {"start": "00:14:21", "end": "00:14:25", "text": "they are going upwards"}, {"start": "00:14:26", "end": "00:14:31", "text": "just like Clash."}, {"start": "00:14:28", "end": "00:14:34", "text": "I'll get to that in a little bit. But"}, {"start": "00:14:31", "end": "00:14:36", "text": "yeah, alts are back. There will be"}, {"start": "00:14:34", "end": "00:14:37", "text": "altcoin season, but you have to be more"}, {"start": "00:14:36", "end": "00:14:39", "text": "selective. It's not going to be"}, {"start": "00:14:37", "end": "00:14:42", "text": "everything. It's not going to be like"}, {"start": "00:14:39", "end": "00:14:45", "text": "before because before there simp simply"}, {"start": "00:14:42", "end": "00:14:48", "text": "wasn't that many projects. Now there's"}, {"start": "00:14:45", "end": "00:14:53", "text": "millions upon millions. So only the good"}, {"start": "00:14:48", "end": "00:14:55", "text": "ones will recover and they will thrive,"}, {"start": "00:14:53", "end": "00:14:59", "text": "but they have to offer a lot of utility"}, {"start": "00:14:55", "end": "00:15:01", "text": "and have a great community. And without"}, {"start": "00:14:59", "end": "00:15:05", "text": "those two, they're, you know, you're not"}, {"start": "00:15:01", "end": "00:15:05", "text": "going to see these projects fly back up."}, {"start": "00:15:07", "end": "00:15:13", "text": "Lastly, look at this. Apple"}, {"start": "00:15:11", "end": "00:15:18", "text": "Apple is hiring an Apple Pay strategy"}, {"start": "00:15:13", "end": "00:15:20", "text": "lead with expertise in stable coins,"}, {"start": "00:15:18", "end": "00:15:22", "text": "tokenized deposits,"}, {"start": "00:15:20", "end": "00:15:24", "text": "and blockchain"}, {"start": "00:15:22", "end": "00:15:26", "text": "technology."}, {"start": "00:15:24", "end": "00:15:28", "text": "Interesting."}, {"start": "00:15:26", "end": "00:15:30", "text": "And what's interesting is if you look at"}, {"start": "00:15:28", "end": "00:15:32", "text": "this in the very last bullet point,"}, {"start": "00:15:30", "end": "00:15:36", "text": "they're still expecting an MBA or"}, {"start": "00:15:32", "end": "00:15:39", "text": "equivalent graduate degree."}, {"start": "00:15:36", "end": "00:15:41", "text": "Interesting. So this is they're not"}, {"start": "00:15:39", "end": "00:15:44", "text": "really hiring an engineer. They're still"}, {"start": "00:15:41", "end": "00:15:46", "text": "trying to hire like some midlevel"}, {"start": "00:15:44", "end": "00:15:49", "text": "manager."}, {"start": "00:15:46", "end": "00:15:53", "text": "Okay? They want to manage people that"}, {"start": "00:15:49", "end": "00:15:53", "text": "understand this, which is"}, {"start": "00:15:53", "end": "00:15:58", "text": "[sighs]"}, {"start": "00:15:54", "end": "00:15:58", "text": "waste of time if you ask me. [laughter]"}, {"start": "00:15:58", "end": "00:16:04", "text": "All right."}, {"start": "00:16:00", "end": "00:16:05", "text": "Uh that that is it. We're looking uh I"}, {"start": "00:16:04", "end": "00:16:08", "text": "think we're still looking pretty good."}, {"start": "00:16:05", "end": "00:16:12", "text": "Let's see. The US market is still pretty"}, {"start": "00:16:08", "end": "00:16:15", "text": "good. Bitcoin is doing even better. 853"}, {"start": "00:16:12", "end": "00:16:15", "text": "right now."}, {"start": "00:16:15", "end": "00:16:22", "text": "Uh, Sue still having a crazy breakout"}, {"start": "00:16:19", "end": "00:16:24", "text": "right now at 28%."}, {"start": "00:16:22", "end": "00:16:25", "text": "Hopefully you guys didn't give up on"}, {"start": "00:16:24", "end": "00:16:30", "text": "Sooie, even though I know it looked"}, {"start": "00:16:25", "end": "00:16:33", "text": "pretty bleak uh for for a while. Um, you"}, {"start": "00:16:30", "end": "00:16:36", "text": "got Coinbase. Let's see. Coinbase, if we"}, {"start": "00:16:33", "end": "00:16:41", "text": "can if I can reset this scale here."}, {"start": "00:16:36", "end": "00:16:48", "text": "Okay, Coinbase up about 7% today."}, {"start": "00:16:41", "end": "00:16:48", "text": "Not bad. Strategy up 9% today."}, {"start": "00:16:49", "end": "00:16:56", "text": "Robin Hood up about 2% 3%."}, {"start": "00:16:54", "end": "00:17:00", "text": "Uh looking at everything else is green"}, {"start": "00:16:56", "end": "00:17:05", "text": "but not not not that much. Uh SpaceX"}, {"start": "00:17:00", "end": "00:17:05", "text": "can't really tell. Up about 2%."}, {"start": "00:17:06", "end": "00:17:11", "text": "It's crypto day, my friends. It's crypto"}, {"start": "00:17:08", "end": "00:17:15", "text": "day."}, {"start": "00:17:11", "end": "00:17:19", "text": "Lastly, let's look at Clashpad, which I"}, {"start": "00:17:15", "end": "00:17:22", "text": "launched a couple days ago, and the soul"}, {"start": "00:17:19", "end": "00:17:24", "text": "being rewarded to holders"}, {"start": "00:17:22", "end": "00:17:29", "text": "skyrocketing"}, {"start": "00:17:24", "end": "00:17:34", "text": "up to over 87 soul paid out to the"}, {"start": "00:17:29", "end": "00:17:37", "text": "holders of these coins. And anyone is"}, {"start": "00:17:34", "end": "00:17:39", "text": "free to create one,"}, {"start": "00:17:37", "end": "00:17:41", "text": "okay?"}, {"start": "00:17:39", "end": "00:17:43", "text": "for whatever reason you may have. Maybe"}, {"start": "00:17:41", "end": "00:17:44", "text": "you're launching a project, maybe you"}, {"start": "00:17:43", "end": "00:17:46", "text": "just want to build a community, maybe"}, {"start": "00:17:44", "end": "00:17:49", "text": "you don't,"}, {"start": "00:17:46", "end": "00:17:51", "text": "maybe you want to start a serious one"}, {"start": "00:17:49", "end": "00:17:53", "text": "based off your company, whatever you"}, {"start": "00:17:51", "end": "00:17:56", "text": "could do. So, we got like 30 something"}, {"start": "00:17:53", "end": "00:17:59", "text": "on here."}, {"start": "00:17:56", "end": "00:18:02", "text": "And the official one that I also"}, {"start": "00:17:59", "end": "00:18:04", "text": "launched, Clashworld, kind of kick"}, {"start": "00:18:02", "end": "00:18:07", "text": "things off, is actually doing quite"}, {"start": "00:18:04", "end": "00:18:11", "text": "well, too. Um, and it is for a game that"}, {"start": "00:18:07", "end": "00:18:14", "text": "I'm developing, like a GTA type game for"}, {"start": "00:18:11", "end": "00:18:17", "text": "Clash, and that will be the in-game"}, {"start": "00:18:14", "end": "00:18:21", "text": "currency. Um, so overall, Clashpad has"}, {"start": "00:18:17", "end": "00:18:24", "text": "been super successful. It's only day two"}, {"start": "00:18:21", "end": "00:18:26", "text": "today, okay? And this is part of the"}, {"start": "00:18:24", "end": "00:18:29", "text": "Clash ecosystem"}, {"start": "00:18:26", "end": "00:18:31", "text": "and many people are on on it. And if you"}, {"start": "00:18:29", "end": "00:18:33", "text": "guys haven't checked it out yet, go"}, {"start": "00:18:31", "end": "00:18:36", "text": "ahead. It's a different type of"}, {"start": "00:18:33", "end": "00:18:42", "text": "launchpad. It rewards holders. It"}, {"start": "00:18:36", "end": "00:18:42", "text": "rewards communities. There's no rugs."}, {"start": "00:18:42", "end": "00:18:49", "text": "And it's backed by me and Clash and"}, {"start": "00:18:45", "end": "00:18:51", "text": "Cryptos. So, that says something."}, {"start": "00:18:49", "end": "00:18:55", "text": "All right,"}, {"start": "00:18:51", "end": "00:18:55", "text": "let's do some Q&A."}, {"start": "00:19:33", "end": "00:19:41", "text": "It is looking"}, {"start": "00:19:36", "end": "00:19:41", "text": "fantastic today. Fantastic."}, {"start": "00:19:42", "end": "00:19:49", "text": "We haven't seen this level since"}, {"start": "00:19:46", "end": "00:19:55", "text": "January,"}, {"start": "00:19:49", "end": "00:19:57", "text": "January. Uh so key levels if you look"}, {"start": "00:19:55", "end": "00:20:03", "text": "877"}, {"start": "00:19:57", "end": "00:20:06", "text": "the next stop then 90 877 I just covered"}, {"start": "00:20:03", "end": "00:20:09", "text": "liquidations about there we got we got a"}, {"start": "00:20:06", "end": "00:20:11", "text": "couple levels"}, {"start": "00:20:09", "end": "00:20:16", "text": "no yeah it goes all the way up to about"}, {"start": "00:20:11", "end": "00:20:19", "text": "here right so basically we get this"}, {"start": "00:20:16", "end": "00:20:23", "text": "these levels liquidated and pushes up"}, {"start": "00:20:19", "end": "00:20:23", "text": "to 87 seven."}, {"start": "00:20:28", "end": "00:20:35", "text": "If we could hit 100K before midterms,"}, {"start": "00:20:33", "end": "00:20:37", "text": "I think we have a really good shot of"}, {"start": "00:20:35", "end": "00:20:41", "text": "breaking alltime high by the end of this"}, {"start": "00:20:37", "end": "00:20:41", "text": "year. Um,"}, {"start": "00:20:43", "end": "00:20:48", "text": "you know, but we'll we'll see. We'll see"}, {"start": "00:20:45", "end": "00:20:48", "text": "what happens."}, {"start": "00:21:07", "end": "00:21:12", "text": "So"}, {"start": "00:21:09", "end": "00:21:15", "text": "just think about it. Last week,"}, {"start": "00:21:12", "end": "00:21:19", "text": "last week we had clarity pass, clarity"}, {"start": "00:21:15", "end": "00:21:20", "text": "act not pass, which I expected, but I"}, {"start": "00:21:19", "end": "00:21:23", "text": "said it's going to be a nothing burger."}, {"start": "00:21:20", "end": "00:21:25", "text": "People are not expecting to pass. And"}, {"start": "00:21:23", "end": "00:21:27", "text": "plus, it doesn't really matter because"}, {"start": "00:21:25", "end": "00:21:29", "text": "the agencies, the US agencies are pro-"}, {"start": "00:21:27", "end": "00:21:31", "text": "crypto and they're go continue to be pro"}, {"start": "00:21:29", "end": "00:21:33", "text": "crypto even without it. And they're all"}, {"start": "00:21:31", "end": "00:21:36", "text": "making new laws,"}, {"start": "00:21:33", "end": "00:21:37", "text": "okay, to make sure that whatever was in"}, {"start": "00:21:36", "end": "00:21:39", "text": "the Clary Act is going to get passed"}, {"start": "00:21:37", "end": "00:21:42", "text": "anyways. And this includes the Treasury"}, {"start": "00:21:39", "end": "00:21:45", "text": "Department."}, {"start": "00:21:42", "end": "00:21:47", "text": "Um, we had a rate hike."}, {"start": "00:21:45", "end": "00:21:49", "text": "Think about it. We had a rate hike and"}, {"start": "00:21:47", "end": "00:21:51", "text": "the market rallied. That kind of makes"}, {"start": "00:21:49", "end": "00:21:54", "text": "no sense. But I think people are just"}, {"start": "00:21:51", "end": "00:21:56", "text": "again they price that in already. They"}, {"start": "00:21:54", "end": "00:21:59", "text": "expect inflation to come down when the"}, {"start": "00:21:56", "end": "00:22:01", "text": "war is over and oil starts coming down"}, {"start": "00:21:59", "end": "00:22:04", "text": "and thankfully it started coming down a"}, {"start": "00:22:01", "end": "00:22:06", "text": "little bit. So,"}, {"start": "00:22:04", "end": "00:22:09", "text": "but yeah, we had two horrible events"}, {"start": "00:22:06", "end": "00:22:12", "text": "last week and yet Bitcoin and crypto"}, {"start": "00:22:09", "end": "00:22:15", "text": "held. And not only that,"}, {"start": "00:22:12", "end": "00:22:15", "text": "we're going up"}, {"start": "00:22:32", "end": "00:22:34", "text": ">> [snorts]"}, {"start": "00:22:39", "end": "00:22:43", "text": ">> Have you heard the US is trying to move"}, {"start": "00:22:41", "end": "00:22:45", "text": "on from the dollar to crypto to reset"}, {"start": "00:22:43", "end": "00:22:47", "text": "the monetary polic? No, that's"}, {"start": "00:22:45", "end": "00:22:50", "text": "completely false. One of the reasons why"}, {"start": "00:22:47", "end": "00:22:52", "text": "the US wants stable coins to thrive is"}, {"start": "00:22:50", "end": "00:22:55", "text": "so that other countries continue to stay"}, {"start": "00:22:52", "end": "00:22:57", "text": "on the US dollar because almost every"}, {"start": "00:22:55", "end": "00:23:00", "text": "stable coin is pegged to the dollar and"}, {"start": "00:22:57", "end": "00:23:04", "text": "they must hold dollars. So the more"}, {"start": "00:23:00", "end": "00:23:08", "text": "stable coins there are, the more dollars"}, {"start": "00:23:04", "end": "00:23:12", "text": "are in circulation. So no, the US is not"}, {"start": "00:23:08", "end": "00:23:12", "text": "moving away."}, {"start": "00:23:34", "end": "00:23:38", "text": "almost 2,000 people in here. I haven't"}, {"start": "00:23:36", "end": "00:23:40", "text": "seen"}, {"start": "00:23:38", "end": "00:23:46", "text": "I haven't seen that in a long time. I'll"}, {"start": "00:23:40", "end": "00:23:48", "text": "just say that FOMO when FOMO hits,"}, {"start": "00:23:46", "end": "00:23:50", "text": "it's quite exciting,"}, {"start": "00:23:48", "end": "00:23:53", "text": "right? A lot of people are probably"}, {"start": "00:23:50", "end": "00:23:55", "text": "coming back wondering what they missed."}, {"start": "00:23:53", "end": "00:23:58", "text": "why they didn't DCA when we were in the"}, {"start": "00:23:55", "end": "00:24:01", "text": "60s or 50s."}, {"start": "00:23:58", "end": "00:24:03", "text": "You know,"}, {"start": "00:24:01", "end": "00:24:06", "text": "that always happens. But for you guys"}, {"start": "00:24:03", "end": "00:24:09", "text": "that held strong,"}, {"start": "00:24:06", "end": "00:24:11", "text": "just hold and DCA,"}, {"start": "00:24:09", "end": "00:24:13", "text": "you're sitting pretty. Maybe. Yeah,"}, {"start": "00:24:11", "end": "00:24:16", "text": "maybe you're not all the way back to"}, {"start": "00:24:13", "end": "00:24:20", "text": "green yet. The way we're moving, the way"}, {"start": "00:24:16", "end": "00:24:20", "text": "we're covering soon enough."}, {"start": "00:24:24", "end": "00:24:29", "text": "And I told you guys I've,"}, {"start": "00:24:27", "end": "00:24:31", "text": "you know, I I've tried to create a"}, {"start": "00:24:29", "end": "00:24:36", "text": "trading bot,"}, {"start": "00:24:31", "end": "00:24:39", "text": "tried a lot of algos, a lot of things,"}, {"start": "00:24:36", "end": "00:24:42", "text": "and the smartest AIs have told me"}, {"start": "00:24:39", "end": "00:24:45", "text": "nothing outperforms holding Bitcoin in a"}, {"start": "00:24:42", "end": "00:24:48", "text": "bull market."}, {"start": "00:24:45", "end": "00:24:51", "text": "Flat out said that. said that no matter"}, {"start": "00:24:48", "end": "00:24:54", "text": "everything that that we have tried,"}, {"start": "00:24:51", "end": "00:24:56", "text": "nothing outperforms holding Bitcoin in a"}, {"start": "00:24:54", "end": "00:24:58", "text": "bull market."}, {"start": "00:24:56", "end": "00:25:00", "text": "That's really the ultimate strategy."}, {"start": "00:24:58", "end": "00:25:03", "text": "People may not believe that, but that is"}, {"start": "00:25:00", "end": "00:25:03", "text": "the ultimate strategy"}, {"start": "00:25:07", "end": "00:25:13", "text": "or by holding"}, {"start": "00:25:10", "end": "00:25:14", "text": "Clash. Um, a lot of you guys may not"}, {"start": "00:25:13", "end": "00:25:18", "text": "know"}, {"start": "00:25:14", "end": "00:25:22", "text": "we do have a built-in flywheel system in"}, {"start": "00:25:18", "end": "00:25:24", "text": "here and it is fantastic. So, not only"}, {"start": "00:25:22", "end": "00:25:26", "text": "do you have soul being sent to the"}, {"start": "00:25:24", "end": "00:25:30", "text": "holders of any of these projects that"}, {"start": "00:25:26", "end": "00:25:33", "text": "are launched, but the fees collected"}, {"start": "00:25:30", "end": "00:25:36", "text": "from Clashpad,"}, {"start": "00:25:33", "end": "00:25:39", "text": "right? Half of it is converted to Clash,"}, {"start": "00:25:36", "end": "00:25:42", "text": "which is put in our treasury. Half of it"}, {"start": "00:25:39", "end": "00:25:45", "text": "is sold which is sent to our treasury to"}, {"start": "00:25:42", "end": "00:25:48", "text": "beef it up and to be spent for"}, {"start": "00:25:45", "end": "00:25:52", "text": "infrastructure, marketing, expansion,"}, {"start": "00:25:48", "end": "00:25:56", "text": "whatever, right? That is also helping."}, {"start": "00:25:52", "end": "00:25:59", "text": "And we've seen a pretty good"}, {"start": "00:25:56", "end": "00:25:59", "text": "pretty good"}, {"start": "00:26:00", "end": "00:26:05", "text": "stabilization, let's just say, from"}, {"start": "00:26:02", "end": "00:26:08", "text": "that. And as more volume increases to"}, {"start": "00:26:05", "end": "00:26:11", "text": "this, the flywheel effect is going to be"}, {"start": "00:26:08", "end": "00:26:13", "text": "bigger and not only Clashpad will"}, {"start": "00:26:11", "end": "00:26:16", "text": "contribute, but Clash Pix will"}, {"start": "00:26:13", "end": "00:26:18", "text": "contribute as Clash will contribute. And"}, {"start": "00:26:16", "end": "00:26:21", "text": "this is I don't know as a ecosystem. I"}, {"start": "00:26:18", "end": "00:26:24", "text": "just don't see anyone else as complete"}, {"start": "00:26:21", "end": "00:26:29", "text": "as us. And they're all connected."}, {"start": "00:26:24", "end": "00:26:30", "text": "They're all tied together."}, {"start": "00:26:29", "end": "00:26:32", "text": "And it's quite exciting to see"}, {"start": "00:26:30", "end": "00:26:34", "text": "everything come together. and Clash"}, {"start": "00:26:32", "end": "00:26:36", "text": "World and and the gaming aspect too. I"}, {"start": "00:26:34", "end": "00:26:38", "text": "think I'm gonna make Clash World what"}, {"start": "00:26:36", "end": "00:26:40", "text": "GTA 6 isn't."}, {"start": "00:26:38", "end": "00:26:45", "text": "Okay. You know, a lot of talk about why"}, {"start": "00:26:40", "end": "00:26:47", "text": "GTA 6 was delayed for so long. I thought"}, {"start": "00:26:45", "end": "00:26:50", "text": "because maybe they'll have some kind of"}, {"start": "00:26:47", "end": "00:26:51", "text": "crypto involved, right, as an in-game"}, {"start": "00:26:50", "end": "00:26:54", "text": "currency. Seems like that's not the"}, {"start": "00:26:51", "end": "00:26:58", "text": "case. Maybe they're going to utilize AI"}, {"start": "00:26:54", "end": "00:27:00", "text": "within the game. That's not the case."}, {"start": "00:26:58", "end": "00:27:02", "text": "So, I mean, they've been spending I"}, {"start": "00:27:00", "end": "00:27:04", "text": "don't know how many years"}, {"start": "00:27:02", "end": "00:27:07", "text": "trying to perfect that game. And sure,"}, {"start": "00:27:04", "end": "00:27:09", "text": "visually it looks great. Uh, and I'm I'm"}, {"start": "00:27:07", "end": "00:27:13", "text": "guessing the story line is going to be"}, {"start": "00:27:09", "end": "00:27:15", "text": "good, too. But a lot of the key features"}, {"start": "00:27:13", "end": "00:27:17", "text": "that we now have, they didn't have time"}, {"start": "00:27:15", "end": "00:27:20", "text": "to build in. So, I'm going to try to fix"}, {"start": "00:27:17", "end": "00:27:22", "text": "those things with Clash World, which is"}, {"start": "00:27:20", "end": "00:27:24", "text": "uh it's going to be difficult, but it's"}, {"start": "00:27:22", "end": "00:27:28", "text": "not going to be like 10 years in the"}, {"start": "00:27:24", "end": "00:27:30", "text": "making. That's for sure."}, {"start": "00:27:28", "end": "00:27:33", "text": "I got most of it. I think I got most of"}, {"start": "00:27:30", "end": "00:27:33", "text": "it."}, {"start": "00:28:26", "end": "00:28:31", "text": "To be clear, we're breaking a four-year"}, {"start": "00:28:28", "end": "00:28:34", "text": "cycle. We're not breaking it."}, {"start": "00:28:31", "end": "00:28:36", "text": "We're just accelerating."}, {"start": "00:28:34", "end": "00:28:39", "text": "So rather than wait two years for"}, {"start": "00:28:36", "end": "00:28:42", "text": "recovery, we're doing it in less than a"}, {"start": "00:28:39", "end": "00:28:42", "text": "year."}, {"start": "00:28:43", "end": "00:28:49", "text": "So"}, {"start": "00:28:45", "end": "00:28:51", "text": "you know, we're we're not moving"}, {"start": "00:28:49", "end": "00:28:54", "text": "according to a traditional four-year"}, {"start": "00:28:51", "end": "00:28:55", "text": "cycle, but we will always have a"}, {"start": "00:28:54", "end": "00:28:58", "text": "four-year cycle because there's going to"}, {"start": "00:28:55", "end": "00:28:59", "text": "be a having event every four years. We"}, {"start": "00:28:58", "end": "00:29:03", "text": "still have a having event. Now whether"}, {"start": "00:28:59", "end": "00:29:06", "text": "that contributes to"}, {"start": "00:29:03", "end": "00:29:09", "text": "to some, you know,"}, {"start": "00:29:06", "end": "00:29:12", "text": "to like a"}, {"start": "00:29:09", "end": "00:29:14", "text": "to the bull market, I guess maybe not. I"}, {"start": "00:29:12", "end": "00:29:17", "text": "don't think we need that anymore. Prior,"}, {"start": "00:29:14", "end": "00:29:23", "text": "it was always like the catalyst, okay,"}, {"start": "00:29:17", "end": "00:29:28", "text": "that drove us higher that put us into"}, {"start": "00:29:23", "end": "00:29:34", "text": "um that bull push or altcoin season. But"}, {"start": "00:29:28", "end": "00:29:34", "text": "now we don't we don't really need that."}, {"start": "00:29:52", "end": "00:29:58", "text": "What else is going up? Let's uh let's"}, {"start": "00:29:54", "end": "00:29:58", "text": "take a look."}, {"start": "00:29:58", "end": "00:30:02", "text": "I mean market cap everything is probably"}, {"start": "00:30:00", "end": "00:30:04", "text": "in green. Well I do have to fix this."}, {"start": "00:30:02", "end": "00:30:06", "text": "The name is like truncated for some"}, {"start": "00:30:04", "end": "00:30:09", "text": "reason but you guys most of you guys"}, {"start": "00:30:06", "end": "00:30:13", "text": "know that uh what what they are but I"}, {"start": "00:30:09", "end": "00:30:17", "text": "mean today you got SUI up 27% arbitrum"}, {"start": "00:30:13", "end": "00:30:21", "text": "up 20%. I don't know what BTW is but"}, {"start": "00:30:17", "end": "00:30:24", "text": "almost everything is up. Cardano's up 10"}, {"start": "00:30:21", "end": "00:30:24", "text": "and a half%."}, {"start": "00:30:24", "end": "00:30:31", "text": "I mean, you got you got really good"}, {"start": "00:30:27", "end": "00:30:33", "text": "movers today all around, but Sue is the"}, {"start": "00:30:31", "end": "00:30:36", "text": "big winner. And I have no idea why they"}, {"start": "00:30:33", "end": "00:30:40", "text": "recover so much. Maybe just because they"}, {"start": "00:30:36", "end": "00:30:43", "text": "were so down or shorted. I don't know."}, {"start": "00:30:40", "end": "00:30:47", "text": "But Arbitrum continues to do well and I"}, {"start": "00:30:43", "end": "00:30:47", "text": "think that's due to Robin Hood."}, {"start": "00:30:47", "end": "00:30:51", "text": "Uh Robin Hood volume is high. They have"}, {"start": "00:30:49", "end": "00:30:54", "text": "their own launchpad, you know, on that"}, {"start": "00:30:51", "end": "00:30:56", "text": "chain called Pawns."}, {"start": "00:30:54", "end": "00:30:59", "text": "I don't know why they call it Pawns."}, {"start": "00:30:56", "end": "00:31:00", "text": "Sounds short for Ponzi."}, {"start": "00:30:59", "end": "00:31:04", "text": "I don't know if that's what they were"}, {"start": "00:31:00", "end": "00:31:09", "text": "going for as a joke, but you know, if"}, {"start": "00:31:04", "end": "00:31:11", "text": "Robin Hood chain can be lifted by Pans,"}, {"start": "00:31:09", "end": "00:31:14", "text": "no reason why Soul can't be lifted with"}, {"start": "00:31:11", "end": "00:31:17", "text": "Clashpad. Even though soul already has"}, {"start": "00:31:14", "end": "00:31:20", "text": "pumpf fun and bonkfun and all these"}, {"start": "00:31:17", "end": "00:31:22", "text": "other launchpads, but they're not the"}, {"start": "00:31:20", "end": "00:31:24", "text": "same as clashpad. They don't reward"}, {"start": "00:31:22", "end": "00:31:26", "text": "users. It's a new concept that I think"}, {"start": "00:31:24", "end": "00:31:30", "text": "will do very well."}, {"start": "00:31:26", "end": "00:31:33", "text": "So basically any we have built-in fees"}, {"start": "00:31:30", "end": "00:31:37", "text": "that the creators create or select. They"}, {"start": "00:31:33", "end": "00:31:40", "text": "can select one three 5%."}, {"start": "00:31:37", "end": "00:31:42", "text": "And any kind of movement, transfers,"}, {"start": "00:31:40", "end": "00:31:46", "text": "buys, sells"}, {"start": "00:31:42", "end": "00:31:48", "text": "will incur that fee and that fee gets"}, {"start": "00:31:46", "end": "00:31:52", "text": "distributed to the holders in a form of"}, {"start": "00:31:48", "end": "00:31:54", "text": "soul. So you get rewarded by holding and"}, {"start": "00:31:52", "end": "00:31:57", "text": "then you could use that soul to reinvest"}, {"start": "00:31:54", "end": "00:32:01", "text": "or just think of it as like almost like"}, {"start": "00:31:57", "end": "00:32:01", "text": "it's just a rewarding system."}, {"start": "00:32:02", "end": "00:32:08", "text": "It's actually quite genius if you think"}, {"start": "00:32:05", "end": "00:32:09", "text": "about it."}, {"start": "00:32:08", "end": "00:32:12", "text": "I got to really fix this. This is kind"}, {"start": "00:32:09", "end": "00:32:14", "text": "of annoying."}, {"start": "00:32:12", "end": "00:32:17", "text": "I think I got truncated all these pills"}, {"start": "00:32:14", "end": "00:32:17", "text": "here."}, {"start": "00:32:21", "end": "00:32:25", "text": "Yeah, people might not be aware, but we"}, {"start": "00:32:23", "end": "00:32:29", "text": "also have our own token screener here."}, {"start": "00:32:25", "end": "00:32:32", "text": "just like Dex screener, just like"}, {"start": "00:32:29", "end": "00:32:34", "text": "Dex Tools."}, {"start": "00:32:32", "end": "00:32:37", "text": "But I am trying to get something going"}, {"start": "00:32:34", "end": "00:32:39", "text": "with Dex Tools for uh Clashpad because"}, {"start": "00:32:37", "end": "00:32:41", "text": "it's a perfect synergy. So, we'll see if"}, {"start": "00:32:39", "end": "00:32:43", "text": "we get something going. That would be"}, {"start": "00:32:41", "end": "00:32:45", "text": "pretty pretty awesome if we do. But"}, {"start": "00:32:43", "end": "00:32:48", "text": "token screener also now lists all the"}, {"start": "00:32:45", "end": "00:32:51", "text": "graduates from Clashpad, but all the"}, {"start": "00:32:48", "end": "00:32:54", "text": "other ones from Robin Hood, from Soul,"}, {"start": "00:32:51", "end": "00:32:58", "text": "from Bass, from BSC,"}, {"start": "00:32:54", "end": "00:33:01", "text": "people that are hunting for new gems. We"}, {"start": "00:32:58", "end": "00:33:03", "text": "have our meme radar as well for new"}, {"start": "00:33:01", "end": "00:33:07", "text": "launches"}, {"start": "00:33:03", "end": "00:33:07", "text": "and for ones just from Clashpad."}, {"start": "00:33:08", "end": "00:33:14", "text": "So, it's all integrated,"}, {"start": "00:33:11", "end": "00:33:17", "text": "all integrated for you guys."}, {"start": "00:33:14", "end": "00:33:19", "text": "NSClash is still the best crypto"}, {"start": "00:33:17", "end": "00:33:21", "text": "intelligence platform there is in this"}, {"start": "00:33:19", "end": "00:33:24", "text": "space. Uh you're not going to find this"}, {"start": "00:33:21", "end": "00:33:27", "text": "much intelligence in one one site"}, {"start": "00:33:24", "end": "00:33:27", "text": "anywhere else."}, {"start": "00:33:49", "end": "00:33:53", "text": "Why am I [clears throat] Why am I"}, {"start": "00:33:51", "end": "00:33:56", "text": "against Suie? Who Who said I was against"}, {"start": "00:33:53", "end": "00:34:00", "text": "Suie? What did I say that makes"}, {"start": "00:33:56", "end": "00:34:00", "text": "[clears throat] me go against Suie?"}, {"start": "00:34:00", "end": "00:34:08", "text": "I like Suie. I like them a lot. And I"}, {"start": "00:34:03", "end": "00:34:08", "text": "like I attended their base camps before."}, {"start": "00:34:09", "end": "00:34:13", "text": "It's just that they had a shuffle. You"}, {"start": "00:34:11", "end": "00:34:16", "text": "know, one of their co-founders left for"}, {"start": "00:34:13", "end": "00:34:19", "text": "Anthropic. The people I was talking to"}, {"start": "00:34:16", "end": "00:34:21", "text": "before, a lot of them have left, stayed"}, {"start": "00:34:19", "end": "00:34:24", "text": "quiet. So, you know, they went through"}, {"start": "00:34:21", "end": "00:34:27", "text": "their own crypto winter for sure. But I"}, {"start": "00:34:24", "end": "00:34:31", "text": "hope they could come back strong."}, {"start": "00:34:27", "end": "00:34:31", "text": "They were set to be the next Salana."}, {"start": "00:34:36", "end": "00:34:39", "text": ">> [snorts]"}, {"start": "00:34:37", "end": "00:34:41", "text": ">> OSAC, what's the rug rate on these"}, {"start": "00:34:39", "end": "00:34:44", "text": "launches?"}, {"start": "00:34:41", "end": "00:34:46", "text": "Almost zero for Clashpad."}, {"start": "00:34:44", "end": "00:34:49", "text": "It's very, very, very hard to do. So,"}, {"start": "00:34:46", "end": "00:34:53", "text": "everything launched has their LP locked,"}, {"start": "00:34:49", "end": "00:34:57", "text": "so you can't pull the liquidity."}, {"start": "00:34:53", "end": "00:35:01", "text": "Okay. Any buy is obviously transparent."}, {"start": "00:34:57", "end": "00:35:03", "text": "the founder gets the creator founder"}, {"start": "00:35:01", "end": "00:35:07", "text": "gets to have one buy ahead of everyone"}, {"start": "00:35:03", "end": "00:35:07", "text": "else, but that shows up"}, {"start": "00:35:08", "end": "00:35:15", "text": "that shows up and you could see it."}, {"start": "00:35:11", "end": "00:35:20", "text": "Um, but outside of that, it's all"}, {"start": "00:35:15", "end": "00:35:22", "text": "it's all open fair everything is fair"}, {"start": "00:35:20", "end": "00:35:24", "text": "launched, everything is bought after"}, {"start": "00:35:22", "end": "00:35:28", "text": "it's"}, {"start": "00:35:24", "end": "00:35:30", "text": "after it's open. Um it's fair game to"}, {"start": "00:35:28", "end": "00:35:33", "text": "everyone"}, {"start": "00:35:30", "end": "00:35:35", "text": "and that's it. And our graduation rate"}, {"start": "00:35:33", "end": "00:35:38", "text": "is much higher than others because we"}, {"start": "00:35:35", "end": "00:35:42", "text": "have set a lower lower threshold way"}, {"start": "00:35:38", "end": "00:35:44", "text": "lower than other launchpads. So"}, {"start": "00:35:42", "end": "00:35:46", "text": "there was one that was trying to"}, {"start": "00:35:44", "end": "00:35:49", "text": "impersonate the platform. So I had to"}, {"start": "00:35:46", "end": "00:35:53", "text": "get rid of that. But outside of that"}, {"start": "00:35:49", "end": "00:35:53", "text": "it's been pretty smooth."}, {"start": "00:35:57", "end": "00:36:02", "text": "Am I going to put Robin Hood chain and"}, {"start": "00:35:59", "end": "00:36:07", "text": "tokenized stocks on Clashbad?"}, {"start": "00:36:02", "end": "00:36:07", "text": "Well, that that doesn't even make sense."}, {"start": "00:36:07", "end": "00:36:13", "text": "This is launching stuff. Unless I was"}, {"start": "00:36:10", "end": "00:36:15", "text": "launching tokenized stocks."}, {"start": "00:36:13", "end": "00:36:17", "text": "So, no. That what you said makes no"}, {"start": "00:36:15", "end": "00:36:20", "text": "sense at all. That's not what this"}, {"start": "00:36:17", "end": "00:36:21", "text": "platform is."}, {"start": "00:36:20", "end": "00:36:24", "text": "So, no."}, {"start": "00:36:21", "end": "00:36:26", "text": "Emanuel,"}, {"start": "00:36:24", "end": "00:36:29", "text": "stop asking anything new on Arknet. Go"}, {"start": "00:36:26", "end": "00:36:32", "text": "ask Clash. Don't ask. Don't keep"}, {"start": "00:36:29", "end": "00:36:32", "text": "spamming that."}, {"start": "00:36:38", "end": "00:36:45", "text": "Heath Jolly. No, not for Clash right"}, {"start": "00:36:41", "end": "00:36:47", "text": "now. Clash H hasn't been upgraded to"}, {"start": "00:36:45", "end": "00:36:50", "text": "have that feature. But if you hold"}, {"start": "00:36:47", "end": "00:36:54", "text": "anything from Clashpad, then yes, you"}, {"start": "00:36:50", "end": "00:36:54", "text": "will get sold. So 87.246"}, {"start": "00:36:55", "end": "00:37:02", "text": "so far distributed"}, {"start": "00:36:57", "end": "00:37:02", "text": "and that number will continue to go up."}, {"start": "00:37:08", "end": "00:37:14", "text": "There a lot of creative ones here."}, {"start": "00:37:11", "end": "00:37:17", "text": "A lot of creative ones just waiting"}, {"start": "00:37:14", "end": "00:37:19", "text": "for volume."}, {"start": "00:37:17", "end": "00:37:22", "text": "Could create some millionaires from this"}, {"start": "00:37:19", "end": "00:37:22", "text": "for sure."}, {"start": "00:37:43", "end": "00:37:52", "text": "off to the races."}, {"start": "00:37:46", "end": "00:37:55", "text": "Uh AMD up 8% today. Awesome. Intel up 9%"}, {"start": "00:37:52", "end": "00:37:59", "text": "today. Awesome."}, {"start": "00:37:55", "end": "00:38:01", "text": "XRP up 7% today."}, {"start": "00:37:59", "end": "00:38:05", "text": "It could load."}, {"start": "00:38:01", "end": "00:38:05", "text": "Why is it so low? So slow."}, {"start": "00:38:05", "end": "00:38:13", "text": "There we go. XRP up 7% today. 150."}, {"start": "00:38:16", "end": "00:38:20", "text": "Retro Rob a big super chat."}, {"start": "00:38:22", "end": "00:38:27", "text": "Thanks for being rock at DC consistently"}, {"start": "00:38:25", "end": "00:38:30", "text": "and my portfolio is really beefed up"}, {"start": "00:38:27", "end": "00:38:33", "text": "this time around. Good. Good for you."}, {"start": "00:38:30", "end": "00:38:34", "text": "I'm glad I was able to help."}, {"start": "00:38:33", "end": "00:38:36", "text": "Nothing really beats holding and"}, {"start": "00:38:34", "end": "00:38:38", "text": "dinging. Honestly, that's just when"}, {"start": "00:38:36", "end": "00:38:40", "text": "especially when it comes to Bitcoin."}, {"start": "00:38:38", "end": "00:38:42", "text": "Now, you could argue some of the alts,"}, {"start": "00:38:40", "end": "00:38:44", "text": "they may never come back. That's true."}, {"start": "00:38:42", "end": "00:38:47", "text": "So, you guys still be smart and think"}, {"start": "00:38:44", "end": "00:38:50", "text": "about it. The big caps obviously will do"}, {"start": "00:38:47", "end": "00:38:52", "text": "well. A lot of midcaps will do well. It"}, {"start": "00:38:50", "end": "00:38:54", "text": "really comes down community and utility."}, {"start": "00:38:52", "end": "00:38:58", "text": "That's it. There's a lot of speculation."}, {"start": "00:38:54", "end": "00:39:02", "text": "Yes. But utility and community, that's"}, {"start": "00:38:58", "end": "00:39:02", "text": "what makes projects thrive."}, {"start": "00:39:31", "end": "00:39:37", "text": "Uh, am I going to token 2049? No."}, {"start": "00:39:35", "end": "00:39:39", "text": "No. First of all, I don't like"}, {"start": "00:39:37", "end": "00:39:40", "text": "Singapore. It's way too hot and humid."}, {"start": "00:39:39", "end": "00:39:44", "text": "Second of all, the flight is like a"}, {"start": "00:39:40", "end": "00:39:45", "text": "24-hour flight, so I do not want to do"}, {"start": "00:39:44", "end": "00:39:48", "text": "that."}, {"start": "00:39:45", "end": "00:39:50", "text": "And third,"}, {"start": "00:39:48", "end": "00:39:52", "text": "I don't really want to check it out. I"}, {"start": "00:39:50", "end": "00:39:55", "text": "mean, I've seen it before, you know,"}, {"start": "00:39:52", "end": "00:39:58", "text": "once you've seen it once."}, {"start": "00:39:55", "end": "00:39:59", "text": "Uh,"}, {"start": "00:39:58", "end": "00:40:01", "text": "yeah."}, {"start": "00:39:59", "end": "00:40:05", "text": "I mean, I would go if I was like"}, {"start": "00:40:01", "end": "00:40:06", "text": "promoting Clash or Clashpad or something"}, {"start": "00:40:05", "end": "00:40:09", "text": "like that, but there, you know, there's"}, {"start": "00:40:06", "end": "00:40:11", "text": "so many people. It's like crazy amount"}, {"start": "00:40:09", "end": "00:40:13", "text": "of people and it's uh really hard to get"}, {"start": "00:40:11", "end": "00:40:15", "text": "attention."}, {"start": "00:40:13", "end": "00:40:17", "text": "I I probably get more attention just by"}, {"start": "00:40:15", "end": "00:40:21", "text": "creating a video or live streaming than,"}, {"start": "00:40:17", "end": "00:40:23", "text": "you know, having a booth there. But"}, {"start": "00:40:21", "end": "00:40:26", "text": "um but I guess sometimes it's fun to"}, {"start": "00:40:23", "end": "00:40:29", "text": "visit new destinations or meet people,"}, {"start": "00:40:26", "end": "00:40:31", "text": "but it's not a new destination."}, {"start": "00:40:29", "end": "00:40:34", "text": "They always have in Singapore. They"}, {"start": "00:40:31", "end": "00:40:37", "text": "cancelled the one in Dubai this year uh"}, {"start": "00:40:34", "end": "00:40:37", "text": "for obvious reasons."}, {"start": "00:41:17", "end": "00:41:22", "text": "as the market debates whether crypto"}, {"start": "00:41:19", "end": "00:41:24", "text": "winter is over. Yeah, it's it's over."}, {"start": "00:41:22", "end": "00:41:26", "text": "There's no debate."}, {"start": "00:41:24", "end": "00:41:29", "text": "It is over"}, {"start": "00:41:26", "end": "00:41:32", "text": "and it's not completely recovered, but"}, {"start": "00:41:29", "end": "00:41:35", "text": "it's over. We're definitely off the"}, {"start": "00:41:32", "end": "00:41:35", "text": "bottom. That's for sure."}, {"start": "00:42:05", "end": "00:42:11", "text": "I got two viewers on uh kick."}, {"start": "00:42:09", "end": "00:42:11", "text": "[snorts and sighs]"}, {"start": "00:42:11", "end": "00:42:15", "text": "I'm trying multistream right now, but"}, {"start": "00:42:13", "end": "00:42:18", "text": "not not making a whole lot of traction"}, {"start": "00:42:15", "end": "00:42:20", "text": "anywhere else outside of YouTube."}, {"start": "00:42:18", "end": "00:42:24", "text": "Although YouTube is the hardest. So, I"}, {"start": "00:42:20", "end": "00:42:24", "text": "got the hardest one to nailed down."}, {"start": "00:42:45", "end": "00:42:50", "text": "All right, guys. I'll let you guys go."}, {"start": "00:42:53", "end": "00:43:00", "text": "It's looking like a great day."}, {"start": "00:42:56", "end": "00:43:00", "text": "Looking like a great day all around."}, {"start": "00:43:00", "end": "00:43:06", "text": "We have broken through the 50 moving"}, {"start": "00:43:03", "end": "00:43:07", "text": "average which traditionally like I mean"}, {"start": "00:43:06", "end": "00:43:10", "text": "let's take a look at it. We can look at"}, {"start": "00:43:07", "end": "00:43:12", "text": "it right now."}, {"start": "00:43:10", "end": "00:43:15", "text": "We made a golden cross over here on a"}, {"start": "00:43:12", "end": "00:43:18", "text": "daily"}, {"start": "00:43:15", "end": "00:43:21", "text": "that was earlier this month."}, {"start": "00:43:18", "end": "00:43:24", "text": "Formed a daily cross."}, {"start": "00:43:21", "end": "00:43:25", "text": "You could see we broke above the 50 on"}, {"start": "00:43:24", "end": "00:43:28", "text": "the weekly"}, {"start": "00:43:25", "end": "00:43:31", "text": "which traditionally is a very very very"}, {"start": "00:43:28", "end": "00:43:34", "text": "positive thing. Last time we broke above"}, {"start": "00:43:31", "end": "00:43:38", "text": "was"}, {"start": "00:43:34", "end": "00:43:40", "text": "I don't know back back a long time ago."}, {"start": "00:43:38", "end": "00:43:42", "text": "Wow. It's it's been a while. It's been a"}, {"start": "00:43:40", "end": "00:43:47", "text": "while."}, {"start": "00:43:42", "end": "00:43:50", "text": "So that is also very bullish."}, {"start": "00:43:47", "end": "00:43:53", "text": "We got a bullish cross on the weekly."}, {"start": "00:43:50", "end": "00:43:58", "text": "That's even more bullish. But"}, {"start": "00:43:53", "end": "00:43:58", "text": "the stars are aligning right now."}, {"start": "00:43:59", "end": "00:44:08", "text": "Even on a daily uh RSI,"}, {"start": "00:44:04", "end": "00:44:08", "text": "it's turning green."}, {"start": "00:44:08", "end": "00:44:13", "text": "Looking good."}, {"start": "00:44:11", "end": "00:44:15", "text": "Looking good all around. Really can't"}, {"start": "00:44:13", "end": "00:44:17", "text": "really can't complain. And this this"}, {"start": "00:44:15", "end": "00:44:20", "text": "week, we don't have anything. We don't"}, {"start": "00:44:17", "end": "00:44:23", "text": "have like anything scary to be afraid"}, {"start": "00:44:20", "end": "00:44:23", "text": "of."}, {"start": "00:44:28", "end": "00:44:33", "text": "So that is it. Smash the like, subscribe"}, {"start": "00:44:32", "end": "00:44:37", "text": "to the channel,"}, {"start": "00:44:33", "end": "00:44:40", "text": "enjoy your gains, go check out Clashpad,"}, {"start": "00:44:37", "end": "00:44:42", "text": "go check out Ask Clash,"}, {"start": "00:44:40", "end": "00:44:45", "text": "check out Clash Pics, check out the"}, {"start": "00:44:42", "end": "00:44:46", "text": "entire Clash ecosystem. You won't be"}, {"start": "00:44:45", "end": "00:44:49", "text": "disappointed. All right, have a good"}, {"start": "00:44:46", "end": "00:44:49", "text": "one."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Welcome back to another Sunday video."}, {"start": "00:00:03", "end": "00:00:07", "text": "It's looking pretty good. There's really"}, {"start": "00:00:04", "end": "00:00:10", "text": "nothing nothing else to say right at"}, {"start": "00:00:07", "end": "00:00:14", "text": "this moment. Uh, Bitcoin is still going"}, {"start": "00:00:10", "end": "00:00:17", "text": "up. A lot of the alts started going up."}, {"start": "00:00:14", "end": "00:00:19", "text": "So, yeah, it's looking good. And this"}, {"start": "00:00:17", "end": "00:00:21", "text": "week, we have a couple things going on"}, {"start": "00:00:19", "end": "00:00:26", "text": "that could set the tone that could make"}, {"start": "00:00:21", "end": "00:00:28", "text": "things go up even more. Okay. So, uh,"}, {"start": "00:00:26", "end": "00:00:31", "text": "September's turning out to be a pretty"}, {"start": "00:00:28", "end": "00:00:36", "text": "good month, just like August and just"}, {"start": "00:00:31", "end": "00:00:40", "text": "like July. Um, and this really sets us"}, {"start": "00:00:36", "end": "00:00:43", "text": "up, you know, as we head into October."}, {"start": "00:00:40", "end": "00:00:46", "text": "This is our final week. It this move,"}, {"start": "00:00:43", "end": "00:00:48", "text": "this month flew by fast, but we had to"}, {"start": "00:00:46", "end": "00:00:52", "text": "deal with a lot of"}, {"start": "00:00:48", "end": "00:00:54", "text": "adversities and and Bitcoin and crypto"}, {"start": "00:00:52", "end": "00:00:56", "text": "both still shining. So, let's talk about"}, {"start": "00:00:54", "end": "00:01:01", "text": "some of these things and of course what"}, {"start": "00:00:56", "end": "00:01:02", "text": "I revealed yesterday. So, hopefully um"}, {"start": "00:01:01", "end": "00:01:04", "text": "if you guys missed it yesterday, I'll"}, {"start": "00:01:02", "end": "00:01:08", "text": "cover some of it today and give you an"}, {"start": "00:01:04", "end": "00:01:11", "text": "update uh on it. So, yeah, this is this"}, {"start": "00:01:08", "end": "00:01:14", "text": "is uh where we are right now. Okay, 818."}, {"start": "00:01:11", "end": "00:01:16", "text": "So, obviously doing very well. I"}, {"start": "00:01:14", "end": "00:01:20", "text": "mentioned the adversity. I mean, we had"}, {"start": "00:01:16", "end": "00:01:23", "text": "Clarity Act shut down. Okay, we had a"}, {"start": "00:01:20", "end": "00:01:26", "text": "rate hike. These two things if you had"}, {"start": "00:01:23", "end": "00:01:28", "text": "to bet you know you would think that"}, {"start": "00:01:26", "end": "00:01:30", "text": "they would be very very very bad for"}, {"start": "00:01:28", "end": "00:01:33", "text": "Bitcoin and crypto but right now no not"}, {"start": "00:01:30", "end": "00:01:35", "text": "so much and let's not forget oil is"}, {"start": "00:01:33", "end": "00:01:37", "text": "still elevated okay the war is still"}, {"start": "00:01:35", "end": "00:01:40", "text": "ongoing so despite all these things we"}, {"start": "00:01:37", "end": "00:01:44", "text": "are still doing quite well not only that"}, {"start": "00:01:40", "end": "00:01:48", "text": "look at ETH is almost to 2700 soul is"}, {"start": "00:01:44", "end": "00:01:53", "text": "now above 110 at 112 you look at like"}, {"start": "00:01:48", "end": "00:01:55", "text": "sooie is up 9% today and XRP,"}, {"start": "00:01:53", "end": "00:01:58", "text": "okay, still up about a couple percent."}, {"start": "00:01:55", "end": "00:02:01", "text": "So, it's not just Bitcoin. Enthusiasm is"}, {"start": "00:01:58", "end": "00:02:04", "text": "definitely coming back. Money is"}, {"start": "00:02:01", "end": "00:02:07", "text": "definitely coming back. Okay, and that's"}, {"start": "00:02:04", "end": "00:02:10", "text": "exactly what we want to see. So, how do"}, {"start": "00:02:07", "end": "00:02:14", "text": "I know this? Well, I mean, look at it."}, {"start": "00:02:10", "end": "00:02:16", "text": "the last session on Friday, 433 million,"}, {"start": "00:02:14", "end": "00:02:19", "text": "okay, that"}, {"start": "00:02:16", "end": "00:02:23", "text": "went into Bitcoin ETFs and we reversed"}, {"start": "00:02:19", "end": "00:02:26", "text": "some of that red, but mostly green. And"}, {"start": "00:02:23", "end": "00:02:28", "text": "the last two days, Thursday and Friday,"}, {"start": "00:02:26", "end": "00:02:34", "text": "pretty darn good. And same thing with"}, {"start": "00:02:28", "end": "00:02:37", "text": "ETH, 144 million, 47 48 million for"}, {"start": "00:02:34", "end": "00:02:40", "text": "Soul, and even XRP, a huge 33 million."}, {"start": "00:02:37", "end": "00:02:42", "text": "So obviously we had a couple of bad"}, {"start": "00:02:40", "end": "00:02:44", "text": "days, three days, but then a big"}, {"start": "00:02:42", "end": "00:02:48", "text": "recovery for ETH. And if you look at"}, {"start": "00:02:44", "end": "00:02:51", "text": "soul, pretty green all around. So"}, {"start": "00:02:48", "end": "00:02:55", "text": "obviously money is flowing back in for"}, {"start": "00:02:51", "end": "00:02:57", "text": "stable coins as well. Okay."}, {"start": "00:02:55", "end": "00:03:02", "text": "1.3"}, {"start": "00:02:57", "end": "00:03:05", "text": "billion billion with a B."}, {"start": "00:03:02", "end": "00:03:08", "text": "That's amazing. That's amazing. So, like"}, {"start": "00:03:05", "end": "00:03:12", "text": "I said, money is flowing back in. And by"}, {"start": "00:03:08", "end": "00:03:14", "text": "the way, again, if you are curious or"}, {"start": "00:03:12", "end": "00:03:16", "text": "you still haven't checked out as class,"}, {"start": "00:03:14", "end": "00:03:19", "text": "you should. Everything I'm showing you,"}, {"start": "00:03:16", "end": "00:03:23", "text": "all the charts and every metric and"}, {"start": "00:03:19", "end": "00:03:28", "text": "every inflow, every single thing, okay,"}, {"start": "00:03:23", "end": "00:03:31", "text": "that you want to know about is all here"}, {"start": "00:03:28", "end": "00:03:34", "text": "mostly free for you guys to use every"}, {"start": "00:03:31", "end": "00:03:36", "text": "single day. So, just check it out. But"}, {"start": "00:03:34", "end": "00:03:38", "text": "like I've been saying with all this"}, {"start": "00:03:36", "end": "00:03:40", "text": "obviously"}, {"start": "00:03:38", "end": "00:03:42", "text": "there's money flowing in and people are"}, {"start": "00:03:40", "end": "00:03:44", "text": "feeling good. And this is what happens"}, {"start": "00:03:42", "end": "00:03:49", "text": "during a turnaround. This is what"}, {"start": "00:03:44", "end": "00:03:52", "text": "happens when you break up from bottom."}, {"start": "00:03:49", "end": "00:03:54", "text": "Okay? It happens every single cycle and"}, {"start": "00:03:52", "end": "00:03:56", "text": "I've been through every single one. You"}, {"start": "00:03:54", "end": "00:03:59", "text": "go through months and months and months"}, {"start": "00:03:56", "end": "00:04:02", "text": "of just staleness and then you just turn"}, {"start": "00:03:59", "end": "00:04:05", "text": "around and things look so much better."}, {"start": "00:04:02", "end": "00:04:06", "text": "And that's what's happening right now."}, {"start": "00:04:05", "end": "00:04:09", "text": "Now, if you look at this week, right"}, {"start": "00:04:06", "end": "00:04:11", "text": "now, futures market is pretty green."}, {"start": "00:04:09", "end": "00:04:13", "text": "We'll see if this continues, but it"}, {"start": "00:04:11", "end": "00:04:15", "text": "should. If you look at some of the"}, {"start": "00:04:13", "end": "00:04:19", "text": "economic stuff that's happening, there"}, {"start": "00:04:15", "end": "00:04:23", "text": "is a big inflation reading on Wednesday."}, {"start": "00:04:19", "end": "00:04:26", "text": "Okay. And not only that, we do have GDP"}, {"start": "00:04:23", "end": "00:04:30", "text": "as well on Wednesday. We have a job"}, {"start": "00:04:26", "end": "00:04:33", "text": "opening, M2 money supply. So, we got a"}, {"start": "00:04:30", "end": "00:04:36", "text": "lot of stuff, a lot of stuff happening."}, {"start": "00:04:33", "end": "00:04:38", "text": "My s my bad. Those are actually the week"}, {"start": "00:04:36", "end": "00:04:40", "text": "afterwards. So, the only thing we have"}, {"start": "00:04:38", "end": "00:04:42", "text": "this week is M2 money supply and"}, {"start": "00:04:40", "end": "00:04:44", "text": "consumer sentiment. My bad. I thought"}, {"start": "00:04:42", "end": "00:04:47", "text": "this was part of this week. So, I guess"}, {"start": "00:04:44", "end": "00:04:49", "text": "we have a week without worrying about"}, {"start": "00:04:47", "end": "00:04:51", "text": "inflation."}, {"start": "00:04:49", "end": "00:04:54", "text": "Last week or the week before, we did"}, {"start": "00:04:51", "end": "00:04:55", "text": "have a couple inflation readings. Okay,"}, {"start": "00:04:54", "end": "00:04:58", "text": "they came in line with expectation. I"}, {"start": "00:04:55", "end": "00:05:02", "text": "think one of them was slightly higher."}, {"start": "00:04:58", "end": "00:05:05", "text": "But even with higher inflation, high"}, {"start": "00:05:02", "end": "00:05:09", "text": "higher oil prices, okay, with a rate"}, {"start": "00:05:05", "end": "00:05:12", "text": "hike on top of that, markets still"}, {"start": "00:05:09", "end": "00:05:15", "text": "rallied and did well. So this week, I"}, {"start": "00:05:12", "end": "00:05:18", "text": "don't expect anything to be different."}, {"start": "00:05:15", "end": "00:05:20", "text": "Honestly, there's really no reason to"}, {"start": "00:05:18", "end": "00:05:23", "text": "think that we can't have a positive"}, {"start": "00:05:20", "end": "00:05:25", "text": "week. And here's the thing, maybe we do"}, {"start": "00:05:23", "end": "00:05:28", "text": "get more"}, {"start": "00:05:25", "end": "00:05:31", "text": "news about, hey, oil coming down. Maybe"}, {"start": "00:05:28", "end": "00:05:32", "text": "there is some kind of ceasefire news or"}, {"start": "00:05:31", "end": "00:05:35", "text": "maybe not. But we've been hearing about"}, {"start": "00:05:32", "end": "00:05:39", "text": "oil coming down anyways because Saudi"}, {"start": "00:05:35", "end": "00:05:41", "text": "Arabia now has oil flowing again, you"}, {"start": "00:05:39", "end": "00:05:43", "text": "know. So, I don't know. We'll see."}, {"start": "00:05:41", "end": "00:05:45", "text": "There's still a lot of talk about AI."}, {"start": "00:05:43", "end": "00:05:48", "text": "There's a lot of debate whether or not"}, {"start": "00:05:45", "end": "00:05:50", "text": "AI is dangerous. Trump also said, \"We"}, {"start": "00:05:48", "end": "00:05:53", "text": "want to lead AI. We don't want China to"}, {"start": "00:05:50", "end": "00:05:55", "text": "be leading, which is the right call. But"}, {"start": "00:05:53", "end": "00:05:57", "text": "then there's a lot of people that is"}, {"start": "00:05:55", "end": "00:06:00", "text": "calling, you know,"}, {"start": "00:05:57", "end": "00:06:03", "text": "calling for a slowdown because of the"}, {"start": "00:06:00", "end": "00:06:06", "text": "possibility that AI may destroy humans"}, {"start": "00:06:03", "end": "00:06:09", "text": "in 10 years or four years by 2030. You"}, {"start": "00:06:06", "end": "00:06:12", "text": "know, a lot of it is just very very very"}, {"start": "00:06:09", "end": "00:06:14", "text": "exaggerated at this point. Okay. So, but"}, {"start": "00:06:12", "end": "00:06:16", "text": "there's there's still that there's still"}, {"start": "00:06:14", "end": "00:06:17", "text": "a lot of talk about it. You still have a"}, {"start": "00:06:16", "end": "00:06:20", "text": "lot of CEOs like Jensen Wayne talking"}, {"start": "00:06:17", "end": "00:06:22", "text": "about it all the time and then there's"}, {"start": "00:06:20", "end": "00:06:27", "text": "still talks about Anthropic trying to do"}, {"start": "00:06:22", "end": "00:06:29", "text": "IPO soon and OpenAI also at their heels."}, {"start": "00:06:27", "end": "00:06:34", "text": "So this week we'll see if there's more"}, {"start": "00:06:29", "end": "00:06:36", "text": "AI stuff, more war/ oil stuff, but I do"}, {"start": "00:06:34", "end": "00:06:39", "text": "think we may have a good week. We don't"}, {"start": "00:06:36", "end": "00:06:42", "text": "have a FOMC meeting to worry about. like"}, {"start": "00:06:39", "end": "00:06:44", "text": "it's clear and I just got done showing"}, {"start": "00:06:42", "end": "00:06:47", "text": "there's not much economic data that's"}, {"start": "00:06:44", "end": "00:06:51", "text": "coming out this week either. So, should"}, {"start": "00:06:47", "end": "00:06:53", "text": "be pretty clear. All right. Uh outside"}, {"start": "00:06:51", "end": "00:06:57", "text": "of that, yesterday I introduced"}, {"start": "00:06:53", "end": "00:06:59", "text": "Clashpad. It is a huge hit. People in"}, {"start": "00:06:57", "end": "00:07:03", "text": "Discord love it. Can't stop talking"}, {"start": "00:06:59", "end": "00:07:08", "text": "about it. And since the launch, we've"}, {"start": "00:07:03", "end": "00:07:10", "text": "had a lot of launches on here. Okay. And"}, {"start": "00:07:08", "end": "00:07:14", "text": "the mo the the the the thing that I'm"}, {"start": "00:07:10", "end": "00:07:17", "text": "proudest is this. I built Clashpad to"}, {"start": "00:07:14", "end": "00:07:19", "text": "reward the holders. Okay. And within"}, {"start": "00:07:17", "end": "00:07:21", "text": "less than a single day because I"}, {"start": "00:07:19", "end": "00:07:23", "text": "launched this at like 1000 p.m. last"}, {"start": "00:07:21", "end": "00:07:26", "text": "night. So it hasn't even been a full day"}, {"start": "00:07:23", "end": "00:07:28", "text": "yet. We've had about 61.54"}, {"start": "00:07:26", "end": "00:07:30", "text": "and this is still increasing. Probably"}, {"start": "00:07:28", "end": "00:07:35", "text": "by the end of day it'll be about 70 or"}, {"start": "00:07:30", "end": "00:07:38", "text": "80 of soul being rewarded to holders."}, {"start": "00:07:35", "end": "00:07:42", "text": "Okay. We don't really see that at all"}, {"start": "00:07:38", "end": "00:07:45", "text": "with anyone else. Okay, that's what's"}, {"start": "00:07:42", "end": "00:07:49", "text": "special. If you actually hold on to one"}, {"start": "00:07:45", "end": "00:07:51", "text": "of these coins and you like its future"}, {"start": "00:07:49", "end": "00:07:55", "text": "or you just like speculating,"}, {"start": "00:07:51", "end": "00:07:58", "text": "right, you could be rewarded for simply"}, {"start": "00:07:55", "end": "00:08:00", "text": "holding it. Okay. And everything on"}, {"start": "00:07:58", "end": "00:08:02", "text": "Clashpad"}, {"start": "00:08:00", "end": "00:08:05", "text": "is safe, meaning"}, {"start": "00:08:02", "end": "00:08:08", "text": "the LP is locked. Okay. Okay, there's no"}, {"start": "00:08:05", "end": "00:08:10", "text": "insider allocation. Yes, the creator"}, {"start": "00:08:08", "end": "00:08:12", "text": "does have advantage of doing a first"}, {"start": "00:08:10", "end": "00:08:16", "text": "buy, but it is revealed. It's"}, {"start": "00:08:12", "end": "00:08:19", "text": "transparent. Okay, there's no extra"}, {"start": "00:08:16", "end": "00:08:21", "text": "rewards being shared with the creators."}, {"start": "00:08:19", "end": "00:08:24", "text": "They share if they buy, they share the"}, {"start": "00:08:21", "end": "00:08:27", "text": "same reward mechanism as the holders."}, {"start": "00:08:24", "end": "00:08:30", "text": "So, this is being distributed. Also, we"}, {"start": "00:08:27", "end": "00:08:33", "text": "have a really nice flywheel effect. the"}, {"start": "00:08:30", "end": "00:08:35", "text": "fees that the platform does collect also"}, {"start": "00:08:33", "end": "00:08:38", "text": "does buy clash and put that in our"}, {"start": "00:08:35", "end": "00:08:41", "text": "treasury. So that flywheel effect is"}, {"start": "00:08:38", "end": "00:08:44", "text": "also in place and things are looking"}, {"start": "00:08:41", "end": "00:08:46", "text": "quite good. The highest market cap coin"}, {"start": "00:08:44", "end": "00:08:49", "text": "right now is CWD"}, {"start": "00:08:46", "end": "00:08:52", "text": "Clash World and that is official because"}, {"start": "00:08:49", "end": "00:08:54", "text": "I actually launched that. When I first"}, {"start": "00:08:52", "end": "00:08:55", "text": "launched Clashpad, a lot of people were"}, {"start": "00:08:54", "end": "00:08:58", "text": "very afraid. They didn't know what to"}, {"start": "00:08:55", "end": "00:09:00", "text": "do. So uh I kind of set an example."}, {"start": "00:08:58", "end": "00:09:05", "text": "Okay. And this is for the upcoming game"}, {"start": "00:09:00", "end": "00:09:07", "text": "that I am creating for uh for the Clash"}, {"start": "00:09:05", "end": "00:09:10", "text": "ecosystem. Okay, so I do have official"}, {"start": "00:09:07", "end": "00:09:12", "text": "token. Don't ask me what this is used"}, {"start": "00:09:10", "end": "00:09:15", "text": "for yet, but there will be a use case"}, {"start": "00:09:12", "end": "00:09:18", "text": "for it. And look at this. 33 sold paid"}, {"start": "00:09:15", "end": "00:09:20", "text": "out to holders as well. Not only that,"}, {"start": "00:09:18", "end": "00:09:23", "text": "the market cap actually has been going"}, {"start": "00:09:20", "end": "00:09:26", "text": "up quite a lot since yesterday. Way more"}, {"start": "00:09:23", "end": "00:09:29", "text": "than I expected. So, but outside of"}, {"start": "00:09:26", "end": "00:09:34", "text": "that, you have Jorge"}, {"start": "00:09:29", "end": "00:09:38", "text": "5.59 sold paid to holders 57k market cap"}, {"start": "00:09:34", "end": "00:09:40", "text": "and you have another 119k 12k and the"}, {"start": "00:09:38", "end": "00:09:42", "text": "list goes on and on and this is very"}, {"start": "00:09:40", "end": "00:09:44", "text": "early and I'm going to try to get other"}, {"start": "00:09:42", "end": "00:09:46", "text": "creators to come on here. I'm going to"}, {"start": "00:09:44", "end": "00:09:50", "text": "try to talk to other projects like Dex"}, {"start": "00:09:46", "end": "00:09:52", "text": "Tools possibly to highlight us. Right. I"}, {"start": "00:09:50", "end": "00:09:55", "text": "think Clashpad is going to be huge,"}, {"start": "00:09:52", "end": "00:09:58", "text": "especially with this upcoming bull"}, {"start": "00:09:55", "end": "00:10:01", "text": "market. When it gets hot, people are"}, {"start": "00:09:58", "end": "00:10:04", "text": "going to look for new coins to invest."}, {"start": "00:10:01", "end": "00:10:08", "text": "Okay, it happens every single cycle. And"}, {"start": "00:10:04", "end": "00:10:11", "text": "Clashpad is probably going to"}, {"start": "00:10:08", "end": "00:10:13", "text": "help people do that, right? There there"}, {"start": "00:10:11", "end": "00:10:16", "text": "will probably be a few that gets"}, {"start": "00:10:13", "end": "00:10:18", "text": "launched on here that could possibly go"}, {"start": "00:10:16", "end": "00:10:21", "text": "to billions,"}, {"start": "00:10:18", "end": "00:10:23", "text": "maybe like this. Okay. Uh, other things"}, {"start": "00:10:21", "end": "00:10:26", "text": "I've added on ask Clash and the token"}, {"start": "00:10:23", "end": "00:10:29", "text": "screener. All the graduates show up in"}, {"start": "00:10:26", "end": "00:10:31", "text": "the list besides Clash. You do see Clash"}, {"start": "00:10:29", "end": "00:10:32", "text": "World Jorge and all these others that"}, {"start": "00:10:31", "end": "00:10:35", "text": "are on here. I don't know what happened"}, {"start": "00:10:32", "end": "00:10:38", "text": "to CWD, but it will get placed on here."}, {"start": "00:10:35", "end": "00:10:41", "text": "And then also for people that are using"}, {"start": "00:10:38", "end": "00:10:43", "text": "meme radar, there's a separate tab for"}, {"start": "00:10:41", "end": "00:10:45", "text": "Clashpad graduates and the versus all"}, {"start": "00:10:43", "end": "00:10:49", "text": "which is just everything. Okay, so that"}, {"start": "00:10:45", "end": "00:10:53", "text": "is also added on there. And lastly on"}, {"start": "00:10:49", "end": "00:10:55", "text": "asslash for the 4U discover. So the pop"}, {"start": "00:10:53", "end": "00:10:57", "text": "out right here you still have the 4U"}, {"start": "00:10:55", "end": "00:11:00", "text": "which gives you a really good breakdown"}, {"start": "00:10:57", "end": "00:11:02", "text": "overview of what's happening you know"}, {"start": "00:11:00", "end": "00:11:06", "text": "daily. We still have our discover which"}, {"start": "00:11:02", "end": "00:11:10", "text": "you could see all the the news articles"}, {"start": "00:11:06", "end": "00:11:14", "text": "predictions from Clash Pix of course and"}, {"start": "00:11:10", "end": "00:11:15", "text": "Clashpad. So now all the new graduate"}, {"start": "00:11:14", "end": "00:11:18", "text": "coins,"}, {"start": "00:11:15", "end": "00:11:22", "text": "the highest volume coins are listed on"}, {"start": "00:11:18", "end": "00:11:24", "text": "here for you guys to see. Okay, so that"}, {"start": "00:11:22", "end": "00:11:27", "text": "is it. Hopefully you guys enjoy that and"}, {"start": "00:11:24", "end": "00:11:30", "text": "I will continue to keep building with"}, {"start": "00:11:27", "end": "00:11:34", "text": "Clash and grow Clash as much as"}, {"start": "00:11:30", "end": "00:11:37", "text": "possible. And Clashpad is one of those"}, {"start": "00:11:34", "end": "00:11:39", "text": "ways and uh and it's quite exciting. So"}, {"start": "00:11:37", "end": "00:11:41", "text": "check it out if you haven't. All right."}, {"start": "00:11:39", "end": "00:11:44", "text": "Outside of that, things are still"}, {"start": "00:11:41", "end": "00:11:47", "text": "looking quite good. We'll see. Asia is"}, {"start": "00:11:44", "end": "00:11:51", "text": "awake. Okay. I have a feeling Asia may"}, {"start": "00:11:47", "end": "00:11:53", "text": "be FOMOing. So, we may wake up to 83"}, {"start": "00:11:51", "end": "00:11:55", "text": "tomorrow. And if we do that and break"}, {"start": "00:11:53", "end": "00:11:59", "text": "through that 90s is right around the"}, {"start": "00:11:55", "end": "00:12:02", "text": "corner. And ETH may be at 3,000 and soul"}, {"start": "00:11:59", "end": "00:12:06", "text": "may be back to"}, {"start": "00:12:02", "end": "00:12:08", "text": "130s, 140s in the near future."}, {"start": "00:12:06", "end": "00:12:10", "text": "So, it's looking quite bright. All"}, {"start": "00:12:08", "end": "00:12:12", "text": "right, have a good night, guys. Take"}, {"start": "00:12:10", "end": "00:12:12", "text": "care."}]

[{"start": "00:00:01", "end": "00:00:06", "text": "Welcome back, guys. So, obviously,"}, {"start": "00:00:03", "end": "00:00:08", "text": "Bitcoin and crypto are both doing very,"}, {"start": "00:00:06", "end": "00:00:12", "text": "very well. This last week brought"}, {"start": "00:00:08", "end": "00:00:15", "text": "Bitcoin back above to $81,000,"}, {"start": "00:00:12", "end": "00:00:16", "text": "and we are at the cusp of breaking"}, {"start": "00:00:15", "end": "00:00:20", "text": "through"}, {"start": "00:00:16", "end": "00:00:22", "text": "and making a new high."}, {"start": "00:00:20", "end": "00:00:23", "text": "I think it's going to come very, very"}, {"start": "00:00:22", "end": "00:00:25", "text": "shortly."}, {"start": "00:00:23", "end": "00:00:29", "text": "Okay? We have already touched upon this"}, {"start": "00:00:25", "end": "00:00:32", "text": "81-82 mark several times, and now we"}, {"start": "00:00:29", "end": "00:00:35", "text": "have momentum, and it's clear that we"}, {"start": "00:00:32", "end": "00:00:37", "text": "are going to recover soon. So, things"}, {"start": "00:00:35", "end": "00:00:41", "text": "are looking pretty darn good for"}, {"start": "00:00:37", "end": "00:00:44", "text": "Bitcoin. ETH also above 2600,"}, {"start": "00:00:41", "end": "00:00:47", "text": "still looking fantastic. And SOL and"}, {"start": "00:00:44", "end": "00:00:50", "text": "others are breaking up as well. SOL"}, {"start": "00:00:47", "end": "00:00:53", "text": "above 110, when it was just"}, {"start": "00:00:50", "end": "00:00:58", "text": "in the 90s not too long ago, and in the"}, {"start": "00:00:53", "end": "00:01:01", "text": "70s and 60s just a few months ago. So,"}, {"start": "00:00:58", "end": "00:01:04", "text": "obviously, everything is recovering"}, {"start": "00:01:01", "end": "00:01:05", "text": "nicely at this point, and looking like,"}, {"start": "00:01:04", "end": "00:01:06", "text": "like I said,"}, {"start": "00:01:05", "end": "00:01:08", "text": "the entire market's looking like it's"}, {"start": "00:01:06", "end": "00:01:12", "text": "going to break out. Now, the point of"}, {"start": "00:01:08", "end": "00:01:14", "text": "this video is to discuss my project,"}, {"start": "00:01:12", "end": "00:01:16", "text": "Clash. And a lot of you guys watching"}, {"start": "00:01:14", "end": "00:01:18", "text": "know that I've been building and"}, {"start": "00:01:16", "end": "00:01:21", "text": "building and building during this crypto"}, {"start": "00:01:18", "end": "00:01:23", "text": "winter, doing nothing but building a lot"}, {"start": "00:01:21", "end": "00:01:25", "text": "of products for you guys to use that's"}, {"start": "00:01:23", "end": "00:01:28", "text": "part of the Clash ecosystem. What you're"}, {"start": "00:01:25", "end": "00:01:32", "text": "seeing right now is part of Ask Clash,"}, {"start": "00:01:28", "end": "00:01:34", "text": "our pro charts. We also have AI charts,"}, {"start": "00:01:32", "end": "00:01:37", "text": "right? I show this during my live stream"}, {"start": "00:01:34", "end": "00:01:39", "text": "every single day, Ask Clash. I show you"}, {"start": "00:01:37", "end": "00:01:41", "text": "guys different features like market cap."}, {"start": "00:01:39", "end": "00:01:43", "text": "We have our own version of market cap"}, {"start": "00:01:41", "end": "00:01:46", "text": "with AI intelligence built in. Of"}, {"start": "00:01:43", "end": "00:01:47", "text": "course, the charting. We also have token"}, {"start": "00:01:46", "end": "00:01:49", "text": "screener for those of you guys that are"}, {"start": "00:01:47", "end": "00:01:52", "text": "looking for new tokens. And this is"}, {"start": "00:01:49", "end": "00:01:54", "text": "probably a time where a lot of you guys"}, {"start": "00:01:52", "end": "00:01:56", "text": "are starting to dig once again, because"}, {"start": "00:01:54", "end": "00:01:58", "text": "you don't want to miss"}, {"start": "00:01:56", "end": "00:02:01", "text": "the next hot thing, right? And we also"}, {"start": "00:01:58", "end": "00:02:03", "text": "have other things like meme coin radar."}, {"start": "00:02:01", "end": "00:02:06", "text": "But, of course, we have a lot of other"}, {"start": "00:02:03", "end": "00:02:08", "text": "things, too, that involve AI and a lot"}, {"start": "00:02:06", "end": "00:02:11", "text": "of crypto intel, like your favorite"}, {"start": "00:02:08", "end": "00:02:14", "text": "stuff. For example, ETF flows and"}, {"start": "00:02:11", "end": "00:02:15", "text": "Bitcoin returns, liquidations, things"}, {"start": "00:02:14", "end": "00:02:17", "text": "that I show"}, {"start": "00:02:15", "end": "00:02:19", "text": "every single day, right? So, this is"}, {"start": "00:02:17", "end": "00:02:22", "text": "part of the Clash ecosystem. That's why"}, {"start": "00:02:19", "end": "00:02:24", "text": "it's called Ask Clash. And hopefully you"}, {"start": "00:02:22", "end": "00:02:26", "text": "guys have been utilizing this AI and"}, {"start": "00:02:24", "end": "00:02:29", "text": "intel just platform for all of your"}, {"start": "00:02:26", "end": "00:02:33", "text": "investing needs. Now, there are other"}, {"start": "00:02:29", "end": "00:02:35", "text": "things that are part of Clash. Okay? Our"}, {"start": "00:02:33", "end": "00:02:37", "text": "main site, clash.trade.ai, kind of"}, {"start": "00:02:35", "end": "00:02:40", "text": "explains it all. Ask Clash is a big part"}, {"start": "00:02:37", "end": "00:02:42", "text": "of it, but we also have games, which"}, {"start": "00:02:40", "end": "00:02:44", "text": "I've been developing a lot of. We have"}, {"start": "00:02:42", "end": "00:02:48", "text": "Frontline, our own first-person shooter,"}, {"start": "00:02:44", "end": "00:02:50", "text": "Clash Jam, which is uh NBA Classic. We"}, {"start": "00:02:48", "end": "00:02:52", "text": "have Angry Crypto, Clash Kart. We have"}, {"start": "00:02:50", "end": "00:02:54", "text": "our own tournaments that we're doing"}, {"start": "00:02:52", "end": "00:02:57", "text": "every single Friday."}, {"start": "00:02:54", "end": "00:03:00", "text": "Okay? And you get points for playing AMP"}, {"start": "00:02:57", "end": "00:03:02", "text": "Clash, which you can use"}, {"start": "00:03:00", "end": "00:03:04", "text": "on Clash Picks, which is also another"}, {"start": "00:03:02", "end": "00:03:05", "text": "big part of"}, {"start": "00:03:04", "end": "00:03:07", "text": "the Clash ecosystem. This is our"}, {"start": "00:03:05", "end": "00:03:11", "text": "prediction market. It has been ongoing"}, {"start": "00:03:07", "end": "00:03:13", "text": "for about a year now. And we are the"}, {"start": "00:03:11", "end": "00:03:15", "text": "only prediction marketplace that allows"}, {"start": "00:03:13", "end": "00:03:17", "text": "free predictions. That's where the P"}, {"start": "00:03:15", "end": "00:03:19", "text": "Clash comes in. You could claim free P"}, {"start": "00:03:17", "end": "00:03:21", "text": "Clash. You can earn P Clash with the"}, {"start": "00:03:19", "end": "00:03:24", "text": "games, and you can make predictions with"}, {"start": "00:03:21", "end": "00:03:26", "text": "P Clash on Clash Picks."}, {"start": "00:03:24", "end": "00:03:30", "text": "Okay? Or you can use Clash, or you can"}, {"start": "00:03:26", "end": "00:03:32", "text": "use SOL, or USDC, multi-currency."}, {"start": "00:03:30", "end": "00:03:35", "text": "Right? So, these three have been a big"}, {"start": "00:03:32", "end": "00:03:37", "text": "part of the Clash ecosystem for a very"}, {"start": "00:03:35", "end": "00:03:40", "text": "long time. And now I'm introducing the"}, {"start": "00:03:37", "end": "00:03:42", "text": "fourth. Okay? And I think this could be"}, {"start": "00:03:40", "end": "00:03:44", "text": "just as big, if not bigger, than all"}, {"start": "00:03:42", "end": "00:03:46", "text": "these"}, {"start": "00:03:44", "end": "00:03:49", "text": "Okay? Uh other"}, {"start": "00:03:46", "end": "00:03:53", "text": "platforms that we have. And that is"}, {"start": "00:03:49", "end": "00:03:57", "text": "Clash Pad. Okay? This is our very own"}, {"start": "00:03:53", "end": "00:04:00", "text": "launch pad. For a lot of you guys, you"}, {"start": "00:03:57", "end": "00:04:02", "text": "guys saw me launch Clash, you have seen"}, {"start": "00:04:00", "end": "00:04:04", "text": "others launch their own tokens. You may"}, {"start": "00:04:02", "end": "00:04:07", "text": "be interested"}, {"start": "00:04:04", "end": "00:04:10", "text": "in launching your own, and this is"}, {"start": "00:04:07", "end": "00:04:13", "text": "the one to use. It's dummy proof. I went"}, {"start": "00:04:10", "end": "00:04:15", "text": "through this many, many times. It's also"}, {"start": "00:04:13", "end": "00:04:18", "text": "rug proof. And what's different about"}, {"start": "00:04:15", "end": "00:04:20", "text": "this is it actually rewards the holder."}, {"start": "00:04:18", "end": "00:04:23", "text": "So, if you have no interest in launching"}, {"start": "00:04:20", "end": "00:04:27", "text": "your own coin or token, that's fine. But"}, {"start": "00:04:23", "end": "00:04:29", "text": "you could get rewarded just simply by"}, {"start": "00:04:27", "end": "00:04:32", "text": "holding. Rather than everyone just"}, {"start": "00:04:29", "end": "00:04:36", "text": "always sniping and dumping and rug"}, {"start": "00:04:32", "end": "00:04:39", "text": "pulling and stuff, this is different."}, {"start": "00:04:36", "end": "00:04:41", "text": "Okay? You launch a coin"}, {"start": "00:04:39", "end": "00:04:44", "text": "for your community. There's no insider"}, {"start": "00:04:41", "end": "00:04:47", "text": "allocation. There's no cabal that's"}, {"start": "00:04:44", "end": "00:04:50", "text": "that's participating, right? Everything"}, {"start": "00:04:47", "end": "00:04:54", "text": "is transparent. And the holders of this"}, {"start": "00:04:50", "end": "00:04:55", "text": "coin that you launch will get a portion"}, {"start": "00:04:54", "end": "00:04:57", "text": "of the fees"}, {"start": "00:04:55", "end": "00:05:00", "text": "in SOL. Okay? And this is going to be a"}, {"start": "00:04:57", "end": "00:05:02", "text": "big part of the Clash ecosystem because"}, {"start": "00:05:00", "end": "00:05:03", "text": "there's a flywheel that's built in"}, {"start": "00:05:02", "end": "00:05:06", "text": "because some of the fees that the"}, {"start": "00:05:03", "end": "00:05:10", "text": "platform collects is going to be used to"}, {"start": "00:05:06", "end": "00:05:12", "text": "buy Clash to put in our treasury. Okay?"}, {"start": "00:05:10", "end": "00:05:14", "text": "It's very, very simple. I'm going to"}, {"start": "00:05:12", "end": "00:05:17", "text": "break it down a couple ways for you"}, {"start": "00:05:14", "end": "00:05:20", "text": "guys. Okay? So, just so you know what"}, {"start": "00:05:17", "end": "00:05:22", "text": "this is about. When you launch a coin,"}, {"start": "00:05:20", "end": "00:05:26", "text": "you get to select a fee."}, {"start": "00:05:22", "end": "00:05:29", "text": "1%, 3%, 5%. Okay? This is like a"}, {"start": "00:05:26", "end": "00:05:31", "text": "transfer fee. So, anytime someone else"}, {"start": "00:05:29", "end": "00:05:34", "text": "buys your coin or transfers or sells or"}, {"start": "00:05:31", "end": "00:05:37", "text": "whatever, there's a fee involved. Okay?"}, {"start": "00:05:34", "end": "00:05:41", "text": "That fee basically will be converted to"}, {"start": "00:05:37", "end": "00:05:45", "text": "SOL, and 90% of that goes to the holders"}, {"start": "00:05:41", "end": "00:05:47", "text": "of the coin, right? So, in"}, {"start": "00:05:45", "end": "00:05:48", "text": "in case like you launch something and I"}, {"start": "00:05:47", "end": "00:05:49", "text": "already launched something and this is"}, {"start": "00:05:48", "end": "00:05:52", "text": "the"}, {"start": "00:05:49", "end": "00:05:54", "text": "one that's called test, which is test."}, {"start": "00:05:52", "end": "00:05:56", "text": "Don't buy this, okay? This is a test. Do"}, {"start": "00:05:54", "end": "00:05:58", "text": "not go buy this. It's not official in"}, {"start": "00:05:56", "end": "00:06:00", "text": "any way. But let's say for example,"}, {"start": "00:05:58", "end": "00:06:04", "text": "let's use this as an example, right?"}, {"start": "00:06:00", "end": "00:06:07", "text": "I've set 3% fee. So that means anytime"}, {"start": "00:06:04", "end": "00:06:10", "text": "someone buys it, sells it, transfers it,"}, {"start": "00:06:07", "end": "00:06:14", "text": "there's a 3% fee and anyone that holds"}, {"start": "00:06:10", "end": "00:06:16", "text": "this will get distributed this 3% fee."}, {"start": "00:06:14", "end": "00:06:18", "text": "Okay? Depending on how much you hold,"}, {"start": "00:06:16", "end": "00:06:21", "text": "you get a you know, portion of that. So"}, {"start": "00:06:18", "end": "00:06:23", "text": "that's how it works. So anytime there's"}, {"start": "00:06:21", "end": "00:06:27", "text": "any kind of transactions, there's a fee"}, {"start": "00:06:23", "end": "00:06:29", "text": "involved and 90% of those fees goes to"}, {"start": "00:06:27", "end": "00:06:31", "text": "the holders. Okay? So this is very"}, {"start": "00:06:29", "end": "00:06:34", "text": "different. It's getting rewarded for"}, {"start": "00:06:31", "end": "00:06:38", "text": "holding, which you don't really see a"}, {"start": "00:06:34", "end": "00:06:41", "text": "lot of. Now, 90% goes to the holders,"}, {"start": "00:06:38", "end": "00:06:43", "text": "10% goes to the platform. Okay? So"}, {"start": "00:06:41", "end": "00:06:47", "text": "that's where the fees and the flywheel"}, {"start": "00:06:43", "end": "00:06:49", "text": "uh you know, how it happens, right? Now,"}, {"start": "00:06:47", "end": "00:06:51", "text": "how does this"}, {"start": "00:06:49", "end": "00:06:53", "text": "How does this platform"}, {"start": "00:06:51", "end": "00:06:55", "text": "prevent rug pulls, okay? Everything is"}, {"start": "00:06:53", "end": "00:06:56", "text": "locked."}, {"start": "00:06:55", "end": "00:07:00", "text": "Okay? As soon as something is graduates"}, {"start": "00:06:56", "end": "00:07:02", "text": "locked into Meteora, so"}, {"start": "00:07:00", "end": "00:07:04", "text": "you can't you can't take it out, okay?"}, {"start": "00:07:02", "end": "00:07:05", "text": "You can't mint anymore. There's a set"}, {"start": "00:07:04", "end": "00:07:09", "text": "supply,"}, {"start": "00:07:05", "end": "00:07:11", "text": "okay? And everything, the metadata and"}, {"start": "00:07:09", "end": "00:07:14", "text": "the liquidity is frozen. There There's"}, {"start": "00:07:11", "end": "00:07:16", "text": "nothing, okay? There's There's nothing"}, {"start": "00:07:14", "end": "00:07:19", "text": "that that could be done for for rug"}, {"start": "00:07:16", "end": "00:07:22", "text": "pulling. The founder or team, they they"}, {"start": "00:07:19", "end": "00:07:24", "text": "don't get anything. Okay? So that's the"}, {"start": "00:07:22", "end": "00:07:26", "text": "thing. That's how you present prevent"}, {"start": "00:07:24", "end": "00:07:29", "text": "rugs. Now obviously someone still could"}, {"start": "00:07:26", "end": "00:07:32", "text": "buy a huge amount, right? And decide to"}, {"start": "00:07:29", "end": "00:07:34", "text": "sell afterwards. That's always a thing,"}, {"start": "00:07:32", "end": "00:07:36", "text": "but the the traditional of rugging, like"}, {"start": "00:07:34", "end": "00:07:38", "text": "pulling out the liquidity from liquidity"}, {"start": "00:07:36", "end": "00:07:41", "text": "pool, all that stuff is"}, {"start": "00:07:38", "end": "00:07:43", "text": "removed from this uh from this system."}, {"start": "00:07:41", "end": "00:07:46", "text": "Right? Now Clash holders also do"}, {"start": "00:07:43", "end": "00:07:48", "text": "benefit. There's a couple things"}, {"start": "00:07:46", "end": "00:07:50", "text": "that are built in, okay? I've been"}, {"start": "00:07:48", "end": "00:07:51", "text": "talking about the Clash score, so"}, {"start": "00:07:50", "end": "00:07:54", "text": "hopefully you guys have been building"}, {"start": "00:07:51", "end": "00:07:56", "text": "that up. If you go to a Clash project,"}, {"start": "00:07:54", "end": "00:07:59", "text": "you'll see a leaderboard. This is the"}, {"start": "00:07:56", "end": "00:08:02", "text": "Clash score, okay? Now, this is"}, {"start": "00:07:59", "end": "00:08:04", "text": "comprised of Clash holdings, NFT"}, {"start": "00:08:02", "end": "00:08:08", "text": "holdings, your participation"}, {"start": "00:08:04", "end": "00:08:10", "text": "on Clash picks, on Ask Clash, at"}, {"start": "00:08:08", "end": "00:08:13", "text": "tournaments, playing games. It's all"}, {"start": "00:08:10", "end": "00:08:15", "text": "compiled, and this is a score, right?"}, {"start": "00:08:13", "end": "00:08:18", "text": "You do need to log in to associate your"}, {"start": "00:08:15", "end": "00:08:21", "text": "account with your score, but once you do"}, {"start": "00:08:18", "end": "00:08:23", "text": "that, okay? You will get extra bonus."}, {"start": "00:08:21", "end": "00:08:25", "text": "For people that don't have Clash, don't"}, {"start": "00:08:23", "end": "00:08:27", "text": "have a score, that's fine. Your"}, {"start": "00:08:25", "end": "00:08:30", "text": "distribution is just the 1x multiplier,"}, {"start": "00:08:27", "end": "00:08:32", "text": "but if you do have a Clash score, say"}, {"start": "00:08:30", "end": "00:08:36", "text": "for example 15,000 plus, you get 1.2x"}, {"start": "00:08:32", "end": "00:08:38", "text": "multiplier. 50,000 plus, 1.5, 2x,"}, {"start": "00:08:36", "end": "00:08:40", "text": "150,000"}, {"start": "00:08:38", "end": "00:08:42", "text": "Clash score, right? That's what you get."}, {"start": "00:08:40", "end": "00:08:45", "text": "So, you get a little bit more by being a"}, {"start": "00:08:42", "end": "00:08:48", "text": "Clash holder. And you guys deserve that."}, {"start": "00:08:45", "end": "00:08:50", "text": "You guys have been with me for so long,"}, {"start": "00:08:48", "end": "00:08:52", "text": "for over"}, {"start": "00:08:50", "end": "00:08:54", "text": "I I'd say not over a year, but it's it's"}, {"start": "00:08:52", "end": "00:08:56", "text": "close to a year. It's getting close to"}, {"start": "00:08:54", "end": "00:08:58", "text": "the anniversary. Uh, it actually might"}, {"start": "00:08:56", "end": "00:09:00", "text": "be the anniversary already. I'm not"}, {"start": "00:08:58", "end": "00:09:03", "text": "quite sure, but we're close. We're"}, {"start": "00:09:00", "end": "00:09:05", "text": "close, okay? Also, I have built in"}, {"start": "00:09:03", "end": "00:09:08", "text": "anti-sniping,"}, {"start": "00:09:05", "end": "00:09:10", "text": "okay? So, for the first 3 minutes,"}, {"start": "00:09:08", "end": "00:09:12", "text": "there's a there's a fee, okay? Besides"}, {"start": "00:09:10", "end": "00:09:14", "text": "the the transfer fee that that you, the"}, {"start": "00:09:12", "end": "00:09:18", "text": "creator, or the creator sets, which"}, {"start": "00:09:14", "end": "00:09:20", "text": "could be 1, 3, or 5%, there is another"}, {"start": "00:09:18", "end": "00:09:22", "text": "fee, uh, uh,"}, {"start": "00:09:20", "end": "00:09:24", "text": "trading fee, basically, that goes down"}, {"start": "00:09:22", "end": "00:09:26", "text": "from 50% to 1% within the first 3"}, {"start": "00:09:24", "end": "00:09:30", "text": "minutes. This is done on purpose to"}, {"start": "00:09:26", "end": "00:09:31", "text": "prevent bots sniping at the beginning."}, {"start": "00:09:30", "end": "00:09:33", "text": "Okay? Obviously, they can snipe, but"}, {"start": "00:09:31", "end": "00:09:35", "text": "they're going to pay a huge penalty for"}, {"start": "00:09:33", "end": "00:09:38", "text": "that. And also, this prevents a lot of"}, {"start": "00:09:35", "end": "00:09:40", "text": "sniping and botting at the beginning."}, {"start": "00:09:38", "end": "00:09:42", "text": "So, that's built in, okay? Now, there's"}, {"start": "00:09:40", "end": "00:09:44", "text": "other stuff like as a creator, what do"}, {"start": "00:09:42", "end": "00:09:46", "text": "you get? I mean, as a creator, if you're"}, {"start": "00:09:44", "end": "00:09:48", "text": "creating coin, yes, it's for fun. Meme"}, {"start": "00:09:46", "end": "00:09:50", "text": "coins are for fun, right? But, you can"}, {"start": "00:09:48", "end": "00:09:52", "text": "launch something serious. You can build"}, {"start": "00:09:50", "end": "00:09:55", "text": "a community around it."}, {"start": "00:09:52", "end": "00:09:57", "text": "But, you also share"}, {"start": "00:09:55", "end": "00:09:59", "text": "with the community, you know, the the"}, {"start": "00:09:57", "end": "00:10:00", "text": "rewards that are given out, right? The"}, {"start": "00:09:59", "end": "00:10:03", "text": "creators also do get one additional"}, {"start": "00:10:00", "end": "00:10:06", "text": "benefit is they get the first buy, okay?"}, {"start": "00:10:03", "end": "00:10:08", "text": "It's optional, but they can put in a buy"}, {"start": "00:10:06", "end": "00:10:12", "text": "before everyone else. They do still"}, {"start": "00:10:08", "end": "00:10:14", "text": "incur that 50% okay, fee, but it gives"}, {"start": "00:10:12", "end": "00:10:17", "text": "them an opportunity to show their"}, {"start": "00:10:14", "end": "00:10:19", "text": "conviction in the project that they're"}, {"start": "00:10:17", "end": "00:10:21", "text": "launching. And it shows up. Now, the"}, {"start": "00:10:19", "end": "00:10:24", "text": "creator can buy a whole bunch"}, {"start": "00:10:21", "end": "00:10:26", "text": "and it will show up. So, everything is"}, {"start": "00:10:24", "end": "00:10:28", "text": "transparent. How much the creator"}, {"start": "00:10:26", "end": "00:10:30", "text": "actually buys at the beginning is"}, {"start": "00:10:28", "end": "00:10:33", "text": "transparent, but that is also one"}, {"start": "00:10:30", "end": "00:10:34", "text": "advantage, okay, to this"}, {"start": "00:10:33", "end": "00:10:37", "text": "platform."}, {"start": "00:10:34", "end": "00:10:40", "text": "Um to for something to open, it's around"}, {"start": "00:10:37", "end": "00:10:42", "text": "$1,500, which is about half of the what"}, {"start": "00:10:40", "end": "00:10:44", "text": "the other"}, {"start": "00:10:42", "end": "00:10:47", "text": "um launchers they set theirs at. Like,"}, {"start": "00:10:44", "end": "00:10:49", "text": "if you look at pump.fun or bonk or"}, {"start": "00:10:47", "end": "00:10:51", "text": "stonk.fun or ponds and all these other"}, {"start": "00:10:49", "end": "00:10:55", "text": "guys, they're opening around like"}, {"start": "00:10:51", "end": "00:10:58", "text": "3,000-ish. So, we're half of that. And"}, {"start": "00:10:55", "end": "00:11:00", "text": "our graduation at 10,000 is way less,"}, {"start": "00:10:58", "end": "00:11:02", "text": "about a fourth of the all these bigger"}, {"start": "00:11:00", "end": "00:11:05", "text": "guys, right? Because the biggest problem"}, {"start": "00:11:02", "end": "00:11:06", "text": "with graduation is there's not enough"}, {"start": "00:11:05", "end": "00:11:09", "text": "liquidity. A lot of people that launch"}, {"start": "00:11:06", "end": "00:11:11", "text": "can't possibly get enough people to buy"}, {"start": "00:11:09", "end": "00:11:13", "text": "because they don't have a big presence,"}, {"start": "00:11:11", "end": "00:11:16", "text": "right? So, we're making that"}, {"start": "00:11:13", "end": "00:11:18", "text": "a lot more achievable, a lot easier,"}, {"start": "00:11:16", "end": "00:11:21", "text": "okay, by setting the graduation at"}, {"start": "00:11:18", "end": "00:11:23", "text": "10,000. Okay? So, that's pretty much it."}, {"start": "00:11:21", "end": "00:11:25", "text": "That's the premise."}, {"start": "00:11:23", "end": "00:11:28", "text": "And it's just super simple. We have"}, {"start": "00:11:25", "end": "00:11:31", "text": "clash on here. It shows you, you know,"}, {"start": "00:11:28", "end": "00:11:34", "text": "the the chart of clash and it goes to"}, {"start": "00:11:31", "end": "00:11:35", "text": "show you our whole ecosystem and all the"}, {"start": "00:11:34", "end": "00:11:37", "text": "rewards that we're going to be"}, {"start": "00:11:35", "end": "00:11:38", "text": "collecting and everything it's going to"}, {"start": "00:11:37", "end": "00:11:41", "text": "be in here."}, {"start": "00:11:38", "end": "00:11:43", "text": "Okay? And"}, {"start": "00:11:41", "end": "00:11:44", "text": "once you launch something, you know, it"}, {"start": "00:11:43", "end": "00:11:47", "text": "looks like this. I'll give you guys"}, {"start": "00:11:44", "end": "00:11:50", "text": "Again, this is a test. You can boost it"}, {"start": "00:11:47", "end": "00:11:52", "text": "once once it's graduated, but you can"}, {"start": "00:11:50", "end": "00:11:56", "text": "only boost with Clash. Another reason,"}, {"start": "00:11:52", "end": "00:11:58", "text": "okay? You can upvote using P-Clash,"}, {"start": "00:11:56", "end": "00:12:00", "text": "which again is given out for free. You"}, {"start": "00:11:58", "end": "00:12:02", "text": "can collect it on ClashPicks or by"}, {"start": "00:12:00", "end": "00:12:05", "text": "playing games and you can use it here to"}, {"start": "00:12:02", "end": "00:12:07", "text": "upvote coins that you like or your very"}, {"start": "00:12:05", "end": "00:12:10", "text": "own, but you can only do it once. Okay?"}, {"start": "00:12:07", "end": "00:12:13", "text": "And then you can see here I have set it"}, {"start": "00:12:10", "end": "00:12:15", "text": "3% transfer fee, 4% to graduation, so"}, {"start": "00:12:13", "end": "00:12:18", "text": "it's a long way to go. Founder hold"}, {"start": "00:12:15", "end": "00:12:20", "text": "0.36. When I started this I put 0.1 sold"}, {"start": "00:12:18", "end": "00:12:22", "text": "in there and it shows you the founder"}, {"start": "00:12:20", "end": "00:12:24", "text": "wallet, how much I'm holding, what I"}, {"start": "00:12:22", "end": "00:12:27", "text": "bought, right when it launched. You go"}, {"start": "00:12:24", "end": "00:12:30", "text": "ahead and buy on the side and it gives"}, {"start": "00:12:27", "end": "00:12:32", "text": "you all the information here. Okay?"}, {"start": "00:12:30", "end": "00:12:35", "text": "So, everything that you want to see,"}, {"start": "00:12:32", "end": "00:12:37", "text": "it's all on chain, right? Locked LP,"}, {"start": "00:12:35", "end": "00:12:39", "text": "fixed supply, no founder allocation"}, {"start": "00:12:37", "end": "00:12:42", "text": "besides just the very first buy, but"}, {"start": "00:12:39", "end": "00:12:43", "text": "that's pretty much it."}, {"start": "00:12:42", "end": "00:12:46", "text": "Okay?"}, {"start": "00:12:43", "end": "00:12:49", "text": "So, it's very very simple and if you"}, {"start": "00:12:46", "end": "00:12:51", "text": "want to create a coin, obviously, you"}, {"start": "00:12:49", "end": "00:12:53", "text": "need to put in some information. For"}, {"start": "00:12:51", "end": "00:12:56", "text": "example, the name,"}, {"start": "00:12:53", "end": "00:12:58", "text": "the ticker, you got to upload a picture."}, {"start": "00:12:56", "end": "00:13:01", "text": "Be careful. Don't don't put anything"}, {"start": "00:12:58", "end": "00:13:05", "text": "bad, okay? Anything vulgar racial stuff"}, {"start": "00:13:01", "end": "00:13:06", "text": "like that. We will moderate it, so"}, {"start": "00:13:05", "end": "00:13:08", "text": "you know,"}, {"start": "00:13:06", "end": "00:13:11", "text": "uh use your best judgment, right? Put in"}, {"start": "00:13:08", "end": "00:13:13", "text": "your website, your X account, you know,"}, {"start": "00:13:11", "end": "00:13:15", "text": "if I just wanted to do like a test too,"}, {"start": "00:13:13", "end": "00:13:18", "text": "I'm just going to go through this."}, {"start": "00:13:15", "end": "00:13:20", "text": "test.com at test. Okay, so the next"}, {"start": "00:13:18", "end": "00:13:24", "text": "screen is where you select that fee,"}, {"start": "00:13:20", "end": "00:13:26", "text": "right? The 1, 3, or 5%. Uh honestly, you"}, {"start": "00:13:24", "end": "00:13:28", "text": "know, if you want to if you want to"}, {"start": "00:13:26", "end": "00:13:31", "text": "cause the most buzz, you want to share"}, {"start": "00:13:28", "end": "00:13:33", "text": "the most rewards, I would just say 5%."}, {"start": "00:13:31", "end": "00:13:36", "text": "There's really no reason why not to,"}, {"start": "00:13:33", "end": "00:13:38", "text": "right? But 3% could be a good option,"}, {"start": "00:13:36", "end": "00:13:41", "text": "and 1% is for those that are very, very"}, {"start": "00:13:38", "end": "00:13:44", "text": "conservative. And then, your first buy,"}, {"start": "00:13:41", "end": "00:13:46", "text": "that's the next decision. Do you want to"}, {"start": "00:13:44", "end": "00:13:48", "text": "put in one, or do you want to put in"}, {"start": "00:13:46", "end": "00:13:50", "text": "five, you want to put in point one? It's"}, {"start": "00:13:48", "end": "00:13:53", "text": "up to you. It will tell you like on here"}, {"start": "00:13:50", "end": "00:13:57", "text": "on the side here. If I do one sole buy,"}, {"start": "00:13:53", "end": "00:13:59", "text": "it would actually buy 3.5% of supply."}, {"start": "00:13:57", "end": "00:14:02", "text": "Okay, which is a good amount. But if you"}, {"start": "00:13:59", "end": "00:14:04", "text": "wanted more, you could go two or three"}, {"start": "00:14:02", "end": "00:14:06", "text": "or four, right? But obviously, it's all"}, {"start": "00:14:04", "end": "00:14:08", "text": "transparent. If you buy too much, people"}, {"start": "00:14:06", "end": "00:14:10", "text": "will see that."}, {"start": "00:14:08", "end": "00:14:11", "text": "Okay? And then the next screen basically"}, {"start": "00:14:10", "end": "00:14:12", "text": "tells you all these things are locked"}, {"start": "00:14:11", "end": "00:14:13", "text": "in,"}, {"start": "00:14:12", "end": "00:14:15", "text": "right?"}, {"start": "00:14:13", "end": "00:14:16", "text": "And"}, {"start": "00:14:15", "end": "00:14:18", "text": "that's pretty much it. You could show"}, {"start": "00:14:16", "end": "00:14:20", "text": "your name and picture as the founder, or"}, {"start": "00:14:18", "end": "00:14:22", "text": "you could stay anonymous,"}, {"start": "00:14:20", "end": "00:14:25", "text": "or you could go ahead and launch. It's"}, {"start": "00:14:22", "end": "00:14:28", "text": "really that simple."}, {"start": "00:14:25", "end": "00:14:32", "text": "All right. So, that is it."}, {"start": "00:14:28", "end": "00:14:35", "text": "Uh I just want to introduce the newest"}, {"start": "00:14:32", "end": "00:14:36", "text": "project or newest product, I should say,"}, {"start": "00:14:35", "end": "00:14:40", "text": "for the Clash project. This is something"}, {"start": "00:14:36", "end": "00:14:42", "text": "that I've been working,"}, {"start": "00:14:40", "end": "00:14:44", "text": "you know, working on for a while now."}, {"start": "00:14:42", "end": "00:14:47", "text": "I've been working"}, {"start": "00:14:44", "end": "00:14:49", "text": "at growing and expanding and bring more"}, {"start": "00:14:47", "end": "00:14:51", "text": "attention to Clash for about a year now."}, {"start": "00:14:49", "end": "00:14:53", "text": "A lot of you guys are loyal holders, but"}, {"start": "00:14:51", "end": "00:14:56", "text": "I'm going to continue to push forward,"}, {"start": "00:14:53", "end": "00:14:58", "text": "and I do think a lot of you guys"}, {"start": "00:14:56", "end": "00:15:00", "text": "like being a Degen, and maybe you don't"}, {"start": "00:14:58", "end": "00:15:03", "text": "want to be a Degen. Maybe you want to"}, {"start": "00:15:00", "end": "00:15:05", "text": "invest intelligently, and you're just"}, {"start": "00:15:03", "end": "00:15:07", "text": "bargain hunting at this point, okay?"}, {"start": "00:15:05", "end": "00:15:09", "text": "Um I understand. So, now I'm presenting"}, {"start": "00:15:07", "end": "00:15:12", "text": "a platform that allow you guys to do"}, {"start": "00:15:09", "end": "00:15:15", "text": "that in a safe manner,"}, {"start": "00:15:12", "end": "00:15:17", "text": "and uh and have fun with it, right?"}, {"start": "00:15:15", "end": "00:15:18", "text": "That's pretty much it. And this flywheel"}, {"start": "00:15:17", "end": "00:15:22", "text": "effect"}, {"start": "00:15:18", "end": "00:15:26", "text": "will kick in and help all Clash holders"}, {"start": "00:15:22", "end": "00:15:28", "text": "as well. Okay? So, that is it guys."}, {"start": "00:15:26", "end": "00:15:29", "text": "Smash up the like, subscribe to channel,"}, {"start": "00:15:28", "end": "00:15:33", "text": "enjoy,"}, {"start": "00:15:29", "end": "00:15:33", "text": "and have a good one. All right? Bye-bye."}]

[{"start": "00:00:03", "end": "00:00:08", "text": "Welcome back."}, {"start": "00:00:05", "end": "00:00:13", "text": "Excuse me, that was bad. Welcome back to"}, {"start": "00:00:08", "end": "00:00:15", "text": "Cryptos are Us. I am George."}, {"start": "00:00:13", "end": "00:00:17", "text": "We're all George. Welcome to another"}, {"start": "00:00:15", "end": "00:00:19", "text": "market open stream."}, {"start": "00:00:17", "end": "00:00:23", "text": "I don't know why I keep losing my voice."}, {"start": "00:00:19", "end": "00:00:26", "text": "I apologize. But today is the day after"}, {"start": "00:00:23", "end": "00:00:29", "text": "that big FOMC meeting, that Fed hike."}, {"start": "00:00:26", "end": "00:00:35", "text": "And you know what? Bitcoin and markets"}, {"start": "00:00:29", "end": "00:00:37", "text": "are rallying. So what is going on WTF?"}, {"start": "00:00:35", "end": "00:00:40", "text": "Let's talk about what was discussed"}, {"start": "00:00:37", "end": "00:00:43", "text": "yesterday and why"}, {"start": "00:00:40", "end": "00:00:46", "text": "markets are ignoring the rate hike."}, {"start": "00:00:43", "end": "00:00:50", "text": "All right,"}, {"start": "00:00:46", "end": "00:00:52", "text": "let's do it guys. Let's do it. Welcome,"}, {"start": "00:00:50", "end": "00:00:57", "text": "welcome, welcome."}, {"start": "00:00:52", "end": "00:01:00", "text": "So yeah, so you could see very green to"}, {"start": "00:00:57", "end": "00:01:02", "text": "start the day. Plus 400 for NASDAQ and"}, {"start": "00:01:00", "end": "00:01:05", "text": "Dow"}, {"start": "00:01:02", "end": "00:01:09", "text": "and Bitcoin is coming up 765."}, {"start": "00:01:05", "end": "00:01:10", "text": "We haven't we have a rally back to 80K."}, {"start": "00:01:09", "end": "00:01:13", "text": "But I think there's a really good chance"}, {"start": "00:01:10", "end": "00:01:15", "text": "that we can make"}, {"start": "00:01:13", "end": "00:01:17", "text": "a good recovery today because of the"}, {"start": "00:01:15", "end": "00:01:20", "text": "enthusiasm. I mean, if you're looking at"}, {"start": "00:01:17", "end": "00:01:25", "text": "I'm looking at my watch list. Everything"}, {"start": "00:01:20", "end": "00:01:28", "text": "is in green today. So, what happened?"}, {"start": "00:01:25", "end": "00:01:30", "text": "Why is it looking so"}, {"start": "00:01:28", "end": "00:01:34", "text": "good today? Shouldn't it be red?"}, {"start": "00:01:30", "end": "00:01:36", "text": "Shouldn't be shouldn't people be selling"}, {"start": "00:01:34", "end": "00:01:39", "text": "off after a rate hike?"}, {"start": "00:01:36", "end": "00:01:42", "text": "Well,"}, {"start": "00:01:39", "end": "00:01:43", "text": "first of all, I mean, markets already"}, {"start": "00:01:42", "end": "00:01:45", "text": "priced in. We're go get a rate hike no"}, {"start": "00:01:43", "end": "00:01:48", "text": "matter what. Okay, so that was number"}, {"start": "00:01:45", "end": "00:01:52", "text": "one. But something that was good that"}, {"start": "00:01:48", "end": "00:01:54", "text": "came out of it was that Wars said"}, {"start": "00:01:52", "end": "00:01:58", "text": "there's only going to be one more rate"}, {"start": "00:01:54", "end": "00:02:00", "text": "hike after this one for the remaining of"}, {"start": "00:01:58", "end": "00:02:04", "text": "the year. So yesterday when I was"}, {"start": "00:02:00", "end": "00:02:07", "text": "looking at, you know, the remaining FOMC"}, {"start": "00:02:04", "end": "00:02:09", "text": "meetings like October and December,"}, {"start": "00:02:07", "end": "00:02:12", "text": "every single one seemed like we're go"}, {"start": "00:02:09", "end": "00:02:14", "text": "get another hike, right? So basically"}, {"start": "00:02:12", "end": "00:02:16", "text": "what he said took one hike off the"}, {"start": "00:02:14", "end": "00:02:21", "text": "table."}, {"start": "00:02:16", "end": "00:02:21", "text": "So that's why investors are"}, {"start": "00:02:22", "end": "00:02:27", "text": "are feeling good today, right? Rather"}, {"start": "00:02:24", "end": "00:02:30", "text": "than a 1.5%"}, {"start": "00:02:27", "end": "00:02:32", "text": "increase or no 75% increase, I'm sorry,"}, {"start": "00:02:30", "end": "00:02:34", "text": "it'll only be 0.5 at the end of the"}, {"start": "00:02:32", "end": "00:02:37", "text": "year, right? It's not optimal, but if we"}, {"start": "00:02:34", "end": "00:02:40", "text": "had to take something, it it's it's the"}, {"start": "00:02:37", "end": "00:02:42", "text": "only good news that came out of it. So"}, {"start": "00:02:40", "end": "00:02:46", "text": "if you look at October right now it's"}, {"start": "00:02:42", "end": "00:02:49", "text": "it's like almost 50/50. It was like 8020"}, {"start": "00:02:46", "end": "00:02:51", "text": "before. So that"}, {"start": "00:02:49", "end": "00:02:55", "text": "certainly helped. Uh other things that"}, {"start": "00:02:51", "end": "00:02:59", "text": "came out I mean he kept it very short."}, {"start": "00:02:55", "end": "00:03:02", "text": "Uh it was unanimous 120"}, {"start": "00:02:59", "end": "00:03:05", "text": "for rate hike. He, you know, he stated"}, {"start": "00:03:02", "end": "00:03:06", "text": "something about still being independent,"}, {"start": "00:03:05", "end": "00:03:09", "text": "the Fed being independent of the White"}, {"start": "00:03:06", "end": "00:03:12", "text": "House, right? But other than that, he"}, {"start": "00:03:09", "end": "00:03:15", "text": "kept it non-political"}, {"start": "00:03:12", "end": "00:03:17", "text": "and uh you know, it happened. It"}, {"start": "00:03:15", "end": "00:03:19", "text": "happened."}, {"start": "00:03:17", "end": "00:03:23", "text": "So that's what came out of yesterday."}, {"start": "00:03:19", "end": "00:03:25", "text": "Nothing huge,"}, {"start": "00:03:23", "end": "00:03:28", "text": "but investors are taking it very well."}, {"start": "00:03:25", "end": "00:03:32", "text": "So I mean, we'll we'll call it a win."}, {"start": "00:03:28", "end": "00:03:33", "text": "We'll call it a win. Uh, Bank of England"}, {"start": "00:03:32", "end": "00:03:36", "text": "was anticipated"}, {"start": "00:03:33", "end": "00:03:39", "text": "to follow the Fed and do a rate hike,"}, {"start": "00:03:36", "end": "00:03:42", "text": "but they decided not to, leaving rates"}, {"start": "00:03:39", "end": "00:03:46", "text": "unchanged despite the fact their own"}, {"start": "00:03:42", "end": "00:03:49", "text": "inflation reading CPI shows their"}, {"start": "00:03:46", "end": "00:03:50", "text": "inflation is going up as well, but"}, {"start": "00:03:49", "end": "00:03:52", "text": "they're like, \"Nope, we're not going to"}, {"start": "00:03:50", "end": "00:03:54", "text": "do it.\""}, {"start": "00:03:52", "end": "00:03:57", "text": "Which is which is probably the right"}, {"start": "00:03:54", "end": "00:04:00", "text": "move. We'll see. We were hoping for"}, {"start": "00:03:57", "end": "00:04:02", "text": "something like this."}, {"start": "00:04:00", "end": "00:04:05", "text": "like Wars and others defying the the"}, {"start": "00:04:02", "end": "00:04:06", "text": "percentages and not having a hike. But"}, {"start": "00:04:05", "end": "00:04:08", "text": "you know that's just impossible. That's"}, {"start": "00:04:06", "end": "00:04:12", "text": "why there's 12 board members. Even if"}, {"start": "00:04:08", "end": "00:04:15", "text": "Wars wanted to hold, he couldn't. But"}, {"start": "00:04:12", "end": "00:04:18", "text": "you know what? See, sometimes you just"}, {"start": "00:04:15", "end": "00:04:20", "text": "get surprises, right? You figure after a"}, {"start": "00:04:18", "end": "00:04:23", "text": "rate hike, the first one in three, four"}, {"start": "00:04:20", "end": "00:04:25", "text": "years, markets would react very"}, {"start": "00:04:23", "end": "00:04:27", "text": "negatively. Now it is the beginning of"}, {"start": "00:04:25", "end": "00:04:29", "text": "the the day so there is a chance it"}, {"start": "00:04:27", "end": "00:04:32", "text": "could still slip down and so forth but"}, {"start": "00:04:29", "end": "00:04:36", "text": "you know there's other factors at play"}, {"start": "00:04:32", "end": "00:04:38", "text": "like oil falling yesterday it was"}, {"start": "00:04:36", "end": "00:04:42", "text": "reported oil was skyrocketing"}, {"start": "00:04:38", "end": "00:04:44", "text": "because Saudi Arabia you know they were"}, {"start": "00:04:42", "end": "00:04:47", "text": "shutting down their pipeline or or or"}, {"start": "00:04:44", "end": "00:04:49", "text": "something because of drone attacks and"}, {"start": "00:04:47", "end": "00:04:52", "text": "now today it's reported they're they're"}, {"start": "00:04:49", "end": "00:04:54", "text": "offering"}, {"start": "00:04:52", "end": "00:04:56", "text": "again more oil I mean and Oil is"}, {"start": "00:04:54", "end": "00:04:58", "text": "falling. So I mean that this war thing"}, {"start": "00:04:56", "end": "00:05:01", "text": "is still ongoing. Obviously,"}, {"start": "00:04:58", "end": "00:05:04", "text": "okay, still ongoing. It may last a"}, {"start": "00:05:01", "end": "00:05:08", "text": "while, but oil fluctuations tend to"}, {"start": "00:05:04", "end": "00:05:09", "text": "happen daily. Something happens and then"}, {"start": "00:05:08", "end": "00:05:11", "text": "cause oil to spike and then something"}, {"start": "00:05:09", "end": "00:05:13", "text": "happens again and cause it to to come"}, {"start": "00:05:11", "end": "00:05:15", "text": "down."}, {"start": "00:05:13", "end": "00:05:17", "text": "Uh but yeah, obviously oil coming down"}, {"start": "00:05:15", "end": "00:05:21", "text": "in a big way does help markets as well."}, {"start": "00:05:17", "end": "00:05:24", "text": "So this is probably having effect"}, {"start": "00:05:21", "end": "00:05:28", "text": "on today as well."}, {"start": "00:05:24", "end": "00:05:29", "text": "All right. Outside of these things, what"}, {"start": "00:05:28", "end": "00:05:31", "text": "else? Well, there there are a lot of"}, {"start": "00:05:29", "end": "00:05:35", "text": "good things. There's actually a lot of"}, {"start": "00:05:31", "end": "00:05:37", "text": "good things happening. Um, but"}, {"start": "00:05:35", "end": "00:05:40", "text": "uh if you look at the monthly returns,"}, {"start": "00:05:37", "end": "00:05:42", "text": "right, we had we're like halfway through"}, {"start": "00:05:40", "end": "00:05:44", "text": "this month. It's kind of crazy. I can't"}, {"start": "00:05:42", "end": "00:05:50", "text": "believe we're more than halfway through"}, {"start": "00:05:44", "end": "00:05:53", "text": "September already. Time is flying by."}, {"start": "00:05:50", "end": "00:05:56", "text": "But to give you guys a reminder,"}, {"start": "00:05:53", "end": "00:05:59", "text": "July, we had a good month. August we had"}, {"start": "00:05:56", "end": "00:06:02", "text": "a great month. This month so far, we're"}, {"start": "00:05:59", "end": "00:06:05", "text": "a negative, but that can change very,"}, {"start": "00:06:02", "end": "00:06:08", "text": "very quickly. We can certainly go three"}, {"start": "00:06:05", "end": "00:06:11", "text": "for three, meaning three consecutive"}, {"start": "00:06:08", "end": "00:06:13", "text": "green months, and lead us into one of"}, {"start": "00:06:11", "end": "00:06:18", "text": "the best"}, {"start": "00:06:13", "end": "00:06:21", "text": "months for Bitcoin in history, which is"}, {"start": "00:06:18", "end": "00:06:25", "text": "October, right? So, we could continue"}, {"start": "00:06:21", "end": "00:06:29", "text": "this rally for sure. But man, it's uh"}, {"start": "00:06:25", "end": "00:06:29", "text": "it's quite amazing that"}, {"start": "00:06:30", "end": "00:06:34", "text": "that we're almost through September"}, {"start": "00:06:32", "end": "00:06:36", "text": "already. It's kind of crazy. Didn't even"}, {"start": "00:06:34", "end": "00:06:39", "text": "realize that."}, {"start": "00:06:36", "end": "00:06:42", "text": "Uh but yesterday, uh we we didn't have a"}, {"start": "00:06:39", "end": "00:06:45", "text": "good uh day when it when it comes to uh"}, {"start": "00:06:42", "end": "00:06:49", "text": "inflow outflows. Uh we had a minus 300"}, {"start": "00:06:45", "end": "00:06:52", "text": "outflow, minus 224 outflow for ETH. Uh"}, {"start": "00:06:49", "end": "00:06:54", "text": "positive for Soul, very very negative"}, {"start": "00:06:52", "end": "00:06:59", "text": "for XRP. I don't know what's going on"}, {"start": "00:06:54", "end": "00:07:01", "text": "with XRP. Very, very negative. But, um,"}, {"start": "00:06:59", "end": "00:07:04", "text": "you know, this will flip around today."}, {"start": "00:07:01", "end": "00:07:06", "text": "If the rally continues,"}, {"start": "00:07:04", "end": "00:07:10", "text": "and most likely it will, we're going to"}, {"start": "00:07:06", "end": "00:07:14", "text": "see that turnaround, right? So, this is"}, {"start": "00:07:10", "end": "00:07:16", "text": "just a reflection of Wall Street's mood."}, {"start": "00:07:14", "end": "00:07:19", "text": "You know if they are feeling bullish or"}, {"start": "00:07:16", "end": "00:07:24", "text": "they feel FOMO they will buy. If they"}, {"start": "00:07:19", "end": "00:07:28", "text": "feel the fear and FUD they're going to"}, {"start": "00:07:24", "end": "00:07:33", "text": "sell right but overall last 30 days last"}, {"start": "00:07:28", "end": "00:07:36", "text": "90 days still absolutely fantastic"}, {"start": "00:07:33", "end": "00:07:41", "text": "right and I expect this to continue as"}, {"start": "00:07:36", "end": "00:07:41", "text": "markets continue to rally."}, {"start": "00:07:42", "end": "00:07:45", "text": "Uh what else?"}, {"start": "00:07:46", "end": "00:07:53", "text": "Oh, you see the other thing is"}, {"start": "00:07:50", "end": "00:07:55", "text": "uh we had the Clarity Act not passing,"}, {"start": "00:07:53", "end": "00:07:58", "text": "right? That could have been seen as a"}, {"start": "00:07:55", "end": "00:08:01", "text": "really bad thing. But you know what I've"}, {"start": "00:07:58", "end": "00:08:04", "text": "been saying? Our agencies"}, {"start": "00:08:01", "end": "00:08:08", "text": "are pro- crypto, pro- innovation now."}, {"start": "00:08:04", "end": "00:08:10", "text": "So, they're not gonna let progress or"}, {"start": "00:08:08", "end": "00:08:12", "text": "innovation"}, {"start": "00:08:10", "end": "00:08:15", "text": "uh they're not going to see them being"}, {"start": "00:08:12", "end": "00:08:17", "text": "halted in any way. So, they're going to"}, {"start": "00:08:15", "end": "00:08:20", "text": "continue to move forward regardless. And"}, {"start": "00:08:17", "end": "00:08:23", "text": "here's example. This just came out. SEC"}, {"start": "00:08:20", "end": "00:08:26", "text": "clears path for tokenized stocks bring"}, {"start": "00:08:23", "end": "00:08:31", "text": "the market closer to 247 trading. Okay."}, {"start": "00:08:26", "end": "00:08:33", "text": "So, they're they're doing what they can."}, {"start": "00:08:31", "end": "00:08:36", "text": "So now tokenized stocks, it's already"}, {"start": "00:08:33", "end": "00:08:40", "text": "popular, but it's about to get more"}, {"start": "00:08:36", "end": "00:08:42", "text": "popular and all the exchanges and"}, {"start": "00:08:40", "end": "00:08:46", "text": "brokerages are probably going to be"}, {"start": "00:08:42", "end": "00:08:48", "text": "offering them soon. So just another"}, {"start": "00:08:46", "end": "00:08:51", "text": "example of"}, {"start": "00:08:48", "end": "00:08:54", "text": "our agencies doing what they can to push"}, {"start": "00:08:51", "end": "00:08:56", "text": "things forward even without the Clarity"}, {"start": "00:08:54", "end": "00:08:59", "text": "Act passing. Now, I'm hearing rumblings"}, {"start": "00:08:56", "end": "00:09:01", "text": "that they're they're still working on"}, {"start": "00:08:59", "end": "00:09:03", "text": "having another vote or something like"}, {"start": "00:09:01", "end": "00:09:07", "text": "that. I don't know if it's going to get"}, {"start": "00:09:03", "end": "00:09:07", "text": "passed or not, but"}, {"start": "00:09:07", "end": "00:09:12", "text": "there are still a lot of things at play."}, {"start": "00:09:09", "end": "00:09:15", "text": "I saw this too. The House panel advances"}, {"start": "00:09:12", "end": "00:09:20", "text": "a major crypto tax overhaul."}, {"start": "00:09:15", "end": "00:09:21", "text": "Okay. Uh this includes stable coins,"}, {"start": "00:09:20", "end": "00:09:24", "text": "mining, staking, lending, digital"}, {"start": "00:09:21", "end": "00:09:28", "text": "assets. So again, we got all these"}, {"start": "00:09:24", "end": "00:09:30", "text": "things in play"}, {"start": "00:09:28", "end": "00:09:33", "text": "that's going to affect Bitcoin and"}, {"start": "00:09:30", "end": "00:09:36", "text": "crypto in major ways going forward in"}, {"start": "00:09:33", "end": "00:09:40", "text": "positive ways that we've never had"}, {"start": "00:09:36", "end": "00:09:43", "text": "before. So another reason or reasons why"}, {"start": "00:09:40", "end": "00:09:51", "text": "we should stay in the game, ignore the"}, {"start": "00:09:43", "end": "00:09:51", "text": "FUD and continue to huddle and DCA."}, {"start": "00:09:51", "end": "00:09:57", "text": "Now, something random"}, {"start": "00:09:55", "end": "00:09:59", "text": "that came out of nowhere. This guy,"}, {"start": "00:09:57", "end": "00:10:04", "text": "Luke,"}, {"start": "00:09:59", "end": "00:10:07", "text": "I don't know who this guy is. Okay,"}, {"start": "00:10:04", "end": "00:10:09", "text": "maybe is a New York Times guy. He has a"}, {"start": "00:10:07", "end": "00:10:13", "text": "large following,"}, {"start": "00:10:09", "end": "00:10:15", "text": "but he happened to be serving jury duty"}, {"start": "00:10:13", "end": "00:10:20", "text": "and he I mean, I don't know what the"}, {"start": "00:10:15", "end": "00:10:24", "text": "chances are. He runs into Jeff Bezos"}, {"start": "00:10:20", "end": "00:10:27", "text": "and then he runs into Michael Sailor"}, {"start": "00:10:24", "end": "00:10:31", "text": "and the two are just sitting there"}, {"start": "00:10:27", "end": "00:10:31", "text": "waiting for jury duty."}, {"start": "00:10:31", "end": "00:10:37", "text": "What are the chances of that? So"}, {"start": "00:10:33", "end": "00:10:38", "text": "obviously Bezos knows Sailor otherwise I"}, {"start": "00:10:37", "end": "00:10:39", "text": "don't think they would be sitting"}, {"start": "00:10:38", "end": "00:10:42", "text": "together and it doesn't seem like they"}, {"start": "00:10:39", "end": "00:10:44", "text": "have a lot of security around them."}, {"start": "00:10:42", "end": "00:10:47", "text": "And uh what's amazing about this picture"}, {"start": "00:10:44", "end": "00:10:50", "text": "is everyone in the background has no"}, {"start": "00:10:47", "end": "00:10:52", "text": "clue who they are."}, {"start": "00:10:50", "end": "00:10:53", "text": "So I mean here that's the thing. It's"}, {"start": "00:10:52", "end": "00:10:55", "text": "like everyone in Bitcoin knows they"}, {"start": "00:10:53", "end": "00:10:59", "text": "would recognize Sailor right away. I"}, {"start": "00:10:55", "end": "00:11:02", "text": "think most people would recognize Bezos,"}, {"start": "00:10:59", "end": "00:11:02", "text": "right? But"}, {"start": "00:11:02", "end": "00:11:08", "text": "I guess in a normal setting, no one"}, {"start": "00:11:04", "end": "00:11:10", "text": "knows who the hell anyone is."}, {"start": "00:11:08", "end": "00:11:12", "text": "Uh I went on his uh his YouTube channel"}, {"start": "00:11:10", "end": "00:11:16", "text": "because he people were claiming that was"}, {"start": "00:11:12", "end": "00:11:18", "text": "fake. But no, he he he did bump into him"}, {"start": "00:11:16", "end": "00:11:20", "text": "and then uh he talked to him. He asked"}, {"start": "00:11:18", "end": "00:11:22", "text": "him about something like Parlor, some"}, {"start": "00:11:20", "end": "00:11:26", "text": "some site called Parlor or something"}, {"start": "00:11:22", "end": "00:11:28", "text": "that uh"}, {"start": "00:11:26", "end": "00:11:30", "text": "that Amazon AWS took off. I have no"}, {"start": "00:11:28", "end": "00:11:32", "text": "idea. Like I I don't know what it is."}, {"start": "00:11:30", "end": "00:11:35", "text": "Maybe some drugs or something like that."}, {"start": "00:11:32", "end": "00:11:36", "text": "But this kind of funny like Basil is"}, {"start": "00:11:35", "end": "00:11:40", "text": "just"}, {"start": "00:11:36", "end": "00:11:42", "text": "serving jury duty like everyone else."}, {"start": "00:11:40", "end": "00:11:45", "text": "And it doesn't seem like there's any"}, {"start": "00:11:42", "end": "00:11:47", "text": "security unless the the the normal"}, {"start": "00:11:45", "end": "00:11:50", "text": "people around him right now are security"}, {"start": "00:11:47", "end": "00:11:53", "text": "and you just don't know that. I mean I I"}, {"start": "00:11:50", "end": "00:11:56", "text": "I don't know. Just kind of weird."}, {"start": "00:11:53", "end": "00:12:00", "text": "It's just also weird that the two"}, {"start": "00:11:56", "end": "00:12:03", "text": "happens to serve jury duty the same day."}, {"start": "00:12:00", "end": "00:12:05", "text": "I I'm I'm I'm gonna have to assume this"}, {"start": "00:12:03", "end": "00:12:07", "text": "is in Florida, right? I think Sailor"}, {"start": "00:12:05", "end": "00:12:09", "text": "lives in Florida. I don't know. Bezos"}, {"start": "00:12:07", "end": "00:12:12", "text": "lives in Florida because of or he"}, {"start": "00:12:09", "end": "00:12:16", "text": "happened to be there because of his uh"}, {"start": "00:12:12", "end": "00:12:16", "text": "his space company,"}, {"start": "00:12:16", "end": "00:12:21", "text": "but Sailor should be talking to him more"}, {"start": "00:12:18", "end": "00:12:21", "text": "about buying Bitcoin."}, {"start": "00:12:23", "end": "00:12:29", "text": "Uh but speaking of sailor, strategy"}, {"start": "00:12:25", "end": "00:12:33", "text": "shares soar 50% in a month and stretch"}, {"start": "00:12:29", "end": "00:12:36", "text": "has been doing well too."}, {"start": "00:12:33", "end": "00:12:38", "text": "Uh so"}, {"start": "00:12:36", "end": "00:12:40", "text": "good for Sailor. Now I saw something"}, {"start": "00:12:38", "end": "00:12:42", "text": "that's a little bit iffy and dangerous"}, {"start": "00:12:40", "end": "00:12:44", "text": "once again from strategy which is their"}, {"start": "00:12:42", "end": "00:12:46", "text": "CEO."}, {"start": "00:12:44", "end": "00:12:50", "text": "The CEO not and it's not Sailor. It's"}, {"start": "00:12:46", "end": "00:12:52", "text": "this other guy. I forgot his name,"}, {"start": "00:12:50", "end": "00:12:54", "text": "but he he was doing some kind of"}, {"start": "00:12:52", "end": "00:12:56", "text": "podcast. He was saying, \"You know what?\""}, {"start": "00:12:54", "end": "00:12:58", "text": "So, he made an example about this house."}, {"start": "00:12:56", "end": "00:13:00", "text": "He's like, \"Rather than pay off my house"}, {"start": "00:12:58", "end": "00:13:02", "text": "like $300,000 or something,"}, {"start": "00:13:00", "end": "00:13:05", "text": "uh, you know, I have a mortgage and I"}, {"start": "00:13:02", "end": "00:13:08", "text": "put the rest of that into Stretch,"}, {"start": "00:13:05", "end": "00:13:10", "text": "right? Uh, so rather than save one or"}, {"start": "00:13:08", "end": "00:13:13", "text": "one and a half% of my 30-year mortgage,"}, {"start": "00:13:10", "end": "00:13:17", "text": "I'm making like 12% from Stretch, which"}, {"start": "00:13:13", "end": "00:13:21", "text": "sounds great if there was no risk. But"}, {"start": "00:13:17", "end": "00:13:24", "text": "Stretch, as we know, was still"}, {"start": "00:13:21", "end": "00:13:26", "text": "underwater. It's still below $100 and"}, {"start": "00:13:24", "end": "00:13:28", "text": "for for a long time, it was like in the"}, {"start": "00:13:26", "end": "00:13:30", "text": "80s and stuff. So just because you're"}, {"start": "00:13:28", "end": "00:13:32", "text": "making 12% doesn't mean that's a good"}, {"start": "00:13:30", "end": "00:13:34", "text": "investment. but he was touting it as"}, {"start": "00:13:32", "end": "00:13:38", "text": "like, oh, it's the greatest investment"}, {"start": "00:13:34", "end": "00:13:40", "text": "device ever. Um, so again, you gota you"}, {"start": "00:13:38", "end": "00:13:43", "text": "got to be careful. So he's kind of going"}, {"start": "00:13:40", "end": "00:13:46", "text": "down the path of sailors like take a"}, {"start": "00:13:43", "end": "00:13:48", "text": "mortgage out, go do what you can, go buy"}, {"start": "00:13:46", "end": "00:13:51", "text": "strategy or stretch, you're going to be"}, {"start": "00:13:48", "end": "00:13:53", "text": "good. Ah, that's not the greatest"}, {"start": "00:13:51", "end": "00:13:57", "text": "financial advice."}, {"start": "00:13:53", "end": "00:14:01", "text": "Got to be careful about that. Anyways,"}, {"start": "00:13:57", "end": "00:14:03", "text": "um, yeah, we're looking good."}, {"start": "00:14:01", "end": "00:14:07", "text": "The last thing I'll say about Bitcoin is"}, {"start": "00:14:03", "end": "00:14:07", "text": "this the accumulation zone."}, {"start": "00:14:08", "end": "00:14:12", "text": "Um, and we're in the optimal entry"}, {"start": "00:14:10", "end": "00:14:15", "text": "point, right? The recovery point from"}, {"start": "00:14:12", "end": "00:14:19", "text": "bottom and we haven't really rally hard"}, {"start": "00:14:15", "end": "00:14:21", "text": "yet. Once we break 80s and get into 90s"}, {"start": "00:14:19", "end": "00:14:23", "text": "and 100K, then probably getting out of"}, {"start": "00:14:21", "end": "00:14:26", "text": "that optimal entry window. But right"}, {"start": "00:14:23", "end": "00:14:29", "text": "now, we're certainly in there."}, {"start": "00:14:26", "end": "00:14:32", "text": "Okay. And you could see previous times"}, {"start": "00:14:29", "end": "00:14:36", "text": "when we started recovering from bottom,"}, {"start": "00:14:32", "end": "00:14:39", "text": "we started building upon that base,"}, {"start": "00:14:36", "end": "00:14:43", "text": "right? Right before a huge run up."}, {"start": "00:14:39", "end": "00:14:47", "text": "That's where we are right now. So"}, {"start": "00:14:43", "end": "00:14:50", "text": "doesn't take a market genius to figure"}, {"start": "00:14:47", "end": "00:14:52", "text": "that out."}, {"start": "00:14:50", "end": "00:14:54", "text": "Part of reason why even yesterday even"}, {"start": "00:14:52", "end": "00:14:56", "text": "when it seemed kind of scary market"}, {"start": "00:14:54", "end": "00:14:59", "text": "selling off because the Fed hike you"}, {"start": "00:14:56", "end": "00:15:02", "text": "know Bitcoin went down a little bit but"}, {"start": "00:14:59", "end": "00:15:03", "text": "didn't crash it didn't go down much"}, {"start": "00:15:02", "end": "00:15:07", "text": "further than where it was at the"}, {"start": "00:15:03", "end": "00:15:11", "text": "beginning of the day right"}, {"start": "00:15:07", "end": "00:15:15", "text": "uh outside of Bitcoin uh Circle came out"}, {"start": "00:15:11", "end": "00:15:17", "text": "with their own ARC mainet"}, {"start": "00:15:15", "end": "00:15:19", "text": "layer one built around USDC and"}, {"start": "00:15:17", "end": "00:15:21", "text": "institutional finance there's a lot of"}, {"start": "00:15:19", "end": "00:15:24", "text": "controversy over this because the ARC"}, {"start": "00:15:21", "end": "00:15:27", "text": "team like did a live stream and people"}, {"start": "00:15:24", "end": "00:15:30", "text": "did not like what they saw"}, {"start": "00:15:27", "end": "00:15:33", "text": "seemed like you know a bunch of founders"}, {"start": "00:15:30", "end": "00:15:33", "text": "and like this really"}, {"start": "00:15:33", "end": "00:15:39", "text": "small and dark and"}, {"start": "00:15:36", "end": "00:15:42", "text": "in a like a like a room. Uh so I don't"}, {"start": "00:15:39", "end": "00:15:46", "text": "know there's some controversy over this"}, {"start": "00:15:42", "end": "00:15:46", "text": "but they did launch"}, {"start": "00:15:47", "end": "00:15:53", "text": "and then uh Ripple"}, {"start": "00:15:49", "end": "00:15:55", "text": "they're adding XRP payments to Stripe"}, {"start": "00:15:53", "end": "00:15:58", "text": "in their new developer kit. Okay that's"}, {"start": "00:15:55", "end": "00:16:02", "text": "great and lastly Hyperlquid takes AIM"}, {"start": "00:15:58", "end": "00:16:03", "text": "and KCHI targeting 24 billion prediction"}, {"start": "00:16:02", "end": "00:16:07", "text": "market. You know who else is targeting"}, {"start": "00:16:03", "end": "00:16:10", "text": "call shin poly market?"}, {"start": "00:16:07", "end": "00:16:13", "text": "Clash pickics and we're live and"}, {"start": "00:16:10", "end": "00:16:18", "text": "operational and takes USDC soul and"}, {"start": "00:16:13", "end": "00:16:22", "text": "clash. So they better watch out."}, {"start": "00:16:18", "end": "00:16:25", "text": "All right. Uh that's that's it today."}, {"start": "00:16:22", "end": "00:16:29", "text": "Overall still looking pretty good to"}, {"start": "00:16:25", "end": "00:16:31", "text": "start the day."}, {"start": "00:16:29", "end": "00:16:34", "text": "Yesterday we dropped to as low as uh"}, {"start": "00:16:31", "end": "00:16:36", "text": "751."}, {"start": "00:16:34", "end": "00:16:39", "text": "So that was that was like our bottom of"}, {"start": "00:16:36", "end": "00:16:41", "text": "yesterday. So we're recovering back a"}, {"start": "00:16:39", "end": "00:16:44", "text": "little bit. RSI"}, {"start": "00:16:41", "end": "00:16:48", "text": "or MACD is looking like we're flipping"}, {"start": "00:16:44", "end": "00:16:50", "text": "to the green. So it's good and"}, {"start": "00:16:48", "end": "00:16:52", "text": "everything"}, {"start": "00:16:50", "end": "00:16:56", "text": "on the watch list is good. strategy."}, {"start": "00:16:52", "end": "00:16:59", "text": "Speaking of strategy, up about 2%"}, {"start": "00:16:56", "end": "00:17:05", "text": "but still down vastly from previous"}, {"start": "00:16:59", "end": "00:17:08", "text": "high. Uh Robin Hood up about 3% today."}, {"start": "00:17:05", "end": "00:17:08", "text": "Coinbase"}, {"start": "00:17:08", "end": "00:17:15", "text": "Coinbase up about 1%."}, {"start": "00:17:12", "end": "00:17:20", "text": "But then you got guys like HP"}, {"start": "00:17:15", "end": "00:17:24", "text": "that's up 6% nearing all-time high. Dell"}, {"start": "00:17:20", "end": "00:17:28", "text": "continues to be on a tear 580 all-time"}, {"start": "00:17:24", "end": "00:17:30", "text": "high. You got like SanDisk"}, {"start": "00:17:28", "end": "00:17:33", "text": "up 6%."}, {"start": "00:17:30", "end": "00:17:36", "text": "SpaceX up about"}, {"start": "00:17:33", "end": "00:17:40", "text": "2%. So today like looking pretty good."}, {"start": "00:17:36", "end": "00:17:44", "text": "And you got Soul. Soul up about 3% above"}, {"start": "00:17:40", "end": "00:17:44", "text": "100 once again."}, {"start": "00:17:48", "end": "00:17:52", "text": "Yeah, pretty good. Pretty good."}, {"start": "00:17:56", "end": "00:18:01", "text": "How to win predictions."}, {"start": "00:17:58", "end": "00:18:05", "text": "Make good predictions. That's how you"}, {"start": "00:18:01", "end": "00:18:07", "text": "win. Make good predictions."}, {"start": "00:18:05", "end": "00:18:10", "text": "It's that simple."}, {"start": "00:18:07", "end": "00:18:12", "text": "And we have our AI that's built in. If"}, {"start": "00:18:10", "end": "00:18:16", "text": "you are a member or subscriber, you get"}, {"start": "00:18:12", "end": "00:18:18", "text": "to use our AI and we have our smart"}, {"start": "00:18:16", "end": "00:18:20", "text": "money as well which gives you a lot of"}, {"start": "00:18:18", "end": "00:18:25", "text": "intelligence but"}, {"start": "00:18:20", "end": "00:18:25", "text": "yeah ultimately make good decisions."}, {"start": "00:19:32", "end": "00:19:39", "text": "Why do some people sell short-term"}, {"start": "00:19:34", "end": "00:19:39", "text": "options versus long-term options?"}, {"start": "00:19:39", "end": "00:19:43", "text": "Like, are you talking about real"}, {"start": "00:19:40", "end": "00:19:45", "text": "options? And I mean there's many"}, {"start": "00:19:43", "end": "00:19:48", "text": "strategies,"}, {"start": "00:19:45", "end": "00:19:51", "text": "okay, to to earn like"}, {"start": "00:19:48", "end": "00:19:53", "text": "um to premiums. I'm no expert in"}, {"start": "00:19:51", "end": "00:19:57", "text": "options. There's so many ways you could"}, {"start": "00:19:53", "end": "00:20:00", "text": "play options by selling longs, selling I"}, {"start": "00:19:57", "end": "00:20:02", "text": "mean selling calls, selling puts, buying"}, {"start": "00:20:00", "end": "00:20:06", "text": "calls, buying puts, straddling"}, {"start": "00:20:02", "end": "00:20:08", "text": "straddling both sides. There are so many"}, {"start": "00:20:06", "end": "00:20:10", "text": "so many ways. I just when I play longs,"}, {"start": "00:20:08", "end": "00:20:13", "text": "I just go"}, {"start": "00:20:10", "end": "00:20:15", "text": "when I play calls, I mean I just go and"}, {"start": "00:20:13", "end": "00:20:18", "text": "buy something that's out in the future"}, {"start": "00:20:15", "end": "00:20:21", "text": "that I think is reasonable. That's it. I"}, {"start": "00:20:18", "end": "00:20:23", "text": "don't try to do anything fancy. A lot of"}, {"start": "00:20:21", "end": "00:20:25", "text": "people sell puts,"}, {"start": "00:20:23", "end": "00:20:26", "text": "you know, to to collect on those"}, {"start": "00:20:25", "end": "00:20:29", "text": "premiums."}, {"start": "00:20:26", "end": "00:20:33", "text": "But you could and you can sell and buy"}, {"start": "00:20:29", "end": "00:20:35", "text": "calls and and puts if you want to buy"}, {"start": "00:20:33", "end": "00:20:36", "text": "the underlying stock, too. Some people"}, {"start": "00:20:35", "end": "00:20:39", "text": "do that."}, {"start": "00:20:36", "end": "00:20:41", "text": "Um, it's almost like selling. It's like"}, {"start": "00:20:39", "end": "00:20:43", "text": "setting um"}, {"start": "00:20:41", "end": "00:20:46", "text": "a buy and sell target for yourself and"}, {"start": "00:20:43", "end": "00:20:49", "text": "earning premiums in the in the process."}, {"start": "00:20:46", "end": "00:20:51", "text": "I don't know. It's kind of complicated."}, {"start": "00:20:49", "end": "00:20:55", "text": "I don't really"}, {"start": "00:20:51", "end": "00:20:58", "text": "do fancy option stuff."}, {"start": "00:20:55", "end": "00:20:58", "text": "Um,"}, {"start": "00:21:04", "end": "00:21:09", "text": "Vertex, I I don't know why you're here"}, {"start": "00:21:06", "end": "00:21:12", "text": " on"}, {"start": "00:21:09", "end": "00:21:17", "text": "digits on the screen"}, {"start": "00:21:12", "end": "00:21:20", "text": "and trying to shill gold."}, {"start": "00:21:17", "end": "00:21:24", "text": "No idea why you're here. Man,"}, {"start": "00:21:20", "end": "00:21:26", "text": "if you like physical stuff, then"}, {"start": "00:21:24", "end": "00:21:29", "text": "stick with physical stuff. But you're"}, {"start": "00:21:26", "end": "00:21:32", "text": "chatting in a digital chat. You're"}, {"start": "00:21:29", "end": "00:21:36", "text": "watching a digital stream. The whole"}, {"start": "00:21:32", "end": "00:21:39", "text": "world is digital."}, {"start": "00:21:36", "end": "00:21:43", "text": "And all these companies that are worth a"}, {"start": "00:21:39", "end": "00:21:46", "text": "lot of money, okay? The the the richest"}, {"start": "00:21:43", "end": "00:21:50", "text": "companies on the planet are all selling"}, {"start": "00:21:46", "end": "00:21:52", "text": "digital products. So think about that."}, {"start": "00:21:50", "end": "00:21:57", "text": "Just because something is digital"}, {"start": "00:21:52", "end": "00:21:57", "text": "doesn't mean it doesn't have value."}, {"start": "00:22:07", "end": "00:22:11", "text": "What if Clash could start options"}, {"start": "00:22:08", "end": "00:22:14", "text": "platform? I mean yeah, but uh that would"}, {"start": "00:22:11", "end": "00:22:16", "text": "be very bad in terms of regulations."}, {"start": "00:22:14", "end": "00:22:19", "text": "There is another platform that will be"}, {"start": "00:22:16", "end": "00:22:22", "text": "out. I'm pretty certain it's done. I got"}, {"start": "00:22:19", "end": "00:22:24", "text": "all the bugs out. I'll probably launch"}, {"start": "00:22:22", "end": "00:22:25", "text": "it tomorrow."}, {"start": "00:22:24", "end": "00:22:27", "text": "I'm waiting. I don't know if it's a good"}, {"start": "00:22:25", "end": "00:22:31", "text": "time to launch tomorrow or in a better"}, {"start": "00:22:27", "end": "00:22:36", "text": "market condition. Um, but it is a new"}, {"start": "00:22:31", "end": "00:22:39", "text": "fan a brand new product for Clash. One"}, {"start": "00:22:36", "end": "00:22:41", "text": "that a lot of Dentons will love directly"}, {"start": "00:22:39", "end": "00:22:42", "text": "related to"}, {"start": "00:22:41", "end": "00:22:44", "text": "tokens"}, {"start": "00:22:42", "end": "00:22:50", "text": "and"}, {"start": "00:22:44", "end": "00:22:52", "text": "it will help Clash moving forward. So"}, {"start": "00:22:50", "end": "00:22:54", "text": "very excited about it. Been working very"}, {"start": "00:22:52", "end": "00:22:57", "text": "hard at it along with this other game"}, {"start": "00:22:54", "end": "00:22:57", "text": "too."}, {"start": "00:23:08", "end": "00:23:12", "text": "Gold and silver have parabolic runs."}, {"start": "00:23:10", "end": "00:23:14", "text": "When is the Bitcoin's turn? Vel, don't"}, {"start": "00:23:12", "end": "00:23:16", "text": "at me."}, {"start": "00:23:14", "end": "00:23:18", "text": "And"}, {"start": "00:23:16", "end": "00:23:22", "text": "this is the turn"}, {"start": "00:23:18", "end": "00:23:26", "text": "starting from now leading to next year."}, {"start": "00:23:22", "end": "00:23:26", "text": "The start of that turn."}, {"start": "00:23:48", "end": "00:23:55", "text": "Yeah, really good day for uh for stocks."}, {"start": "00:23:51", "end": "00:23:59", "text": "Intel is up 8% today."}, {"start": "00:23:55", "end": "00:24:02", "text": "Micron is up 6%."}, {"start": "00:23:59", "end": "00:24:03", "text": "I mean, someone's asking why are they"}, {"start": "00:24:02", "end": "00:24:06", "text": "running up? It's just because they"}, {"start": "00:24:03", "end": "00:24:08", "text": "should have never gone down. The AI"}, {"start": "00:24:06", "end": "00:24:11", "text": "trade is not really over."}, {"start": "00:24:08", "end": "00:24:13", "text": "Infrastructure, anything related to AI,"}, {"start": "00:24:11", "end": "00:24:15", "text": "they'll continue to do well because the"}, {"start": "00:24:13", "end": "00:24:18", "text": "demand is there. It's not artificial"}, {"start": "00:24:15", "end": "00:24:21", "text": "demand."}, {"start": "00:24:18", "end": "00:24:21", "text": "So,"}, {"start": "00:24:22", "end": "00:24:26", "text": "you know, there there was a lot of"}, {"start": "00:24:23", "end": "00:24:28", "text": "flip-flopping over the last few weeks."}, {"start": "00:24:26", "end": "00:24:30", "text": "You got a good rally day, then you get a"}, {"start": "00:24:28", "end": "00:24:32", "text": "dump day, a rally day, dump day."}, {"start": "00:24:30", "end": "00:24:33", "text": "Overall, they they've been going more"}, {"start": "00:24:32", "end": "00:24:35", "text": "sideways than anything, just like"}, {"start": "00:24:33", "end": "00:24:38", "text": "Bitcoin,"}, {"start": "00:24:35", "end": "00:24:41", "text": "but as enthusiast comes back, it's going"}, {"start": "00:24:38", "end": "00:24:43", "text": "to help. We we've already seen some cap"}, {"start": "00:24:41", "end": "00:24:46", "text": "rotation into Bitcoin from the tech"}, {"start": "00:24:43", "end": "00:24:48", "text": "sector. We're going to see more of that"}, {"start": "00:24:46", "end": "00:24:52", "text": "as Bitcoin does"}, {"start": "00:24:48", "end": "00:24:54", "text": "better. So, overall, what you want is"}, {"start": "00:24:52", "end": "00:24:57", "text": "just the frothy"}, {"start": "00:24:54", "end": "00:24:59", "text": "market or frothy market conditions,"}, {"start": "00:24:57", "end": "00:25:04", "text": "right? So"}, {"start": "00:24:59", "end": "00:25:04", "text": "it it'll lead to something good"}, {"start": "00:25:20", "end": "00:25:25", "text": "uh crypto plebs. Thank you."}, {"start": "00:25:38", "end": "00:25:43", "text": "I have a feeling we're going to have a"}, {"start": "00:25:40", "end": "00:25:47", "text": "good recovery day today, seeing how good"}, {"start": "00:25:43", "end": "00:25:53", "text": "the the US market is. I didn't check"}, {"start": "00:25:47", "end": "00:25:53", "text": "I didn't check the depression map."}, {"start": "00:25:53", "end": "00:25:58", "text": "Yeah, there there are a lot of shorts"}, {"start": "00:25:56", "end": "00:26:00", "text": "waiting to get liquidated right around"}, {"start": "00:25:58", "end": "00:26:05", "text": "the 77s."}, {"start": "00:26:00", "end": "00:26:09", "text": "Yeah, going all the way to 788. A lot of"}, {"start": "00:26:05", "end": "00:26:11", "text": "a lot of shorts waiting to be"}, {"start": "00:26:09", "end": "00:26:15", "text": "liquidated. We go right back up to 78"}, {"start": "00:26:11", "end": "00:26:19", "text": "79,000 in no time."}, {"start": "00:26:15", "end": "00:26:19", "text": "A lot of short squeezes."}, {"start": "00:26:22", "end": "00:26:25", "text": "Yeah,"}, {"start": "00:26:24", "end": "00:26:28", "text": "that can certainly happen today for"}, {"start": "00:26:25", "end": "00:26:28", "text": "sure."}, {"start": "00:26:48", "end": "00:26:53", "text": "Um"}, {"start": "00:26:51", "end": "00:26:58", "text": "did you buy anything apart from your"}, {"start": "00:26:53", "end": "00:27:00", "text": "DCA? No. No. Uh I bought I I you know"}, {"start": "00:26:58", "end": "00:27:04", "text": "overall"}, {"start": "00:27:00", "end": "00:27:08", "text": "Bitcoin soul clash things that I believe"}, {"start": "00:27:04", "end": "00:27:13", "text": "in some stocks some options on AI stuff"}, {"start": "00:27:08", "end": "00:27:16", "text": "but that's it. haven't been trying to be"}, {"start": "00:27:13", "end": "00:27:19", "text": "fancy with new stuff, just things that I"}, {"start": "00:27:16", "end": "00:27:23", "text": "know. And usually during recoveries,"}, {"start": "00:27:19", "end": "00:27:25", "text": "things that people know the most come up"}, {"start": "00:27:23", "end": "00:27:27", "text": "the quickest and fastest. And then when"}, {"start": "00:27:25", "end": "00:27:30", "text": "the market gets too frothy, that's where"}, {"start": "00:27:27", "end": "00:27:32", "text": "everything else starts rising up. Um,"}, {"start": "00:27:30", "end": "00:27:36", "text": "that's when altcoin season starts or"}, {"start": "00:27:32", "end": "00:27:40", "text": "just any rally season. So"}, {"start": "00:27:36", "end": "00:27:40", "text": "that's what I've been doing."}, {"start": "00:28:14", "end": "00:28:22", "text": "Today's Thursday, right, man? The weeks"}, {"start": "00:28:18", "end": "00:28:25", "text": "go by, days goes by so fast. So fast."}, {"start": "00:28:22", "end": "00:28:27", "text": "But I am very excited about what's to"}, {"start": "00:28:25", "end": "00:28:29", "text": "launch tomorrow."}, {"start": "00:28:27", "end": "00:28:32", "text": "We'll see if it has a MIDI effect. It"}, {"start": "00:28:29", "end": "00:28:35", "text": "could over all these things that I'm"}, {"start": "00:28:32", "end": "00:28:38", "text": "launching for Clash"}, {"start": "00:28:35", "end": "00:28:40", "text": "is meant to help you know the flywheel"}, {"start": "00:28:38", "end": "00:28:42", "text": "effect which is you know subscriptions"}, {"start": "00:28:40", "end": "00:28:46", "text": "or fees and all these things are meant"}, {"start": "00:28:42", "end": "00:28:49", "text": "to go buy clash for the treasury"}, {"start": "00:28:46", "end": "00:28:51", "text": "and um"}, {"start": "00:28:49", "end": "00:28:55", "text": "and this new one this new project could"}, {"start": "00:28:51", "end": "00:28:57", "text": "be doing it in a big way if it works and"}, {"start": "00:28:55", "end": "00:28:59", "text": "a lot of people really liking FOMO in"}, {"start": "00:28:57", "end": "00:29:01", "text": "and the fees are astron aronomically"}, {"start": "00:28:59", "end": "00:29:03", "text": "high,"}, {"start": "00:29:01", "end": "00:29:04", "text": "it's going to cause a major flywheel"}, {"start": "00:29:03", "end": "00:29:06", "text": "effect that I've been trying to build"}, {"start": "00:29:04", "end": "00:29:07", "text": "for a long time. So, a lot of people"}, {"start": "00:29:06", "end": "00:29:09", "text": "don't quite understand how all these"}, {"start": "00:29:07", "end": "00:29:12", "text": "things connect, but that's the reason."}, {"start": "00:29:09", "end": "00:29:14", "text": "And when you have one product do well,"}, {"start": "00:29:12", "end": "00:29:16", "text": "it's going to pull all the other"}, {"start": "00:29:14", "end": "00:29:20", "text": "products in as long as the underlying"}, {"start": "00:29:16", "end": "00:29:22", "text": "token does well. So,"}, {"start": "00:29:20", "end": "00:29:25", "text": "I think this could do really well. I'll"}, {"start": "00:29:22", "end": "00:29:27", "text": "just leave it at that. I I'm gonna try"}, {"start": "00:29:25", "end": "00:29:29", "text": "to get it done today and launch tomorrow"}, {"start": "00:29:27", "end": "00:29:33", "text": "during stream."}, {"start": "00:29:29", "end": "00:29:33", "text": "And I think it could do very well."}, {"start": "00:29:35", "end": "00:29:41", "text": "So excited about that. Very excited"}, {"start": "00:29:38", "end": "00:29:41", "text": "about it."}, {"start": "00:30:16", "end": "00:30:21", "text": "Let's just say the class score is very"}, {"start": "00:30:19", "end": "00:30:24", "text": "important."}, {"start": "00:30:21", "end": "00:30:28", "text": "Class score will be very important."}, {"start": "00:30:24", "end": "00:30:32", "text": "Get get class score up. Get clash"}, {"start": "00:30:28", "end": "00:30:35", "text": "holdings up. Get some soul ready. I'll"}, {"start": "00:30:32", "end": "00:30:35", "text": "leave it at that."}, {"start": "00:30:40", "end": "00:30:44", "text": "And things are on fire today."}, {"start": "00:30:53", "end": "00:30:59", "text": "I'll leave on this picture. Probably the"}, {"start": "00:30:55", "end": "00:30:59", "text": "most entertaining picture in a while."}, {"start": "00:31:15", "end": "00:31:22", "text": "Well, we got 497"}, {"start": "00:31:18", "end": "00:31:24", "text": "people on here on X."}, {"start": "00:31:22", "end": "00:31:26", "text": "Are there people a lot of people on X"}, {"start": "00:31:24", "end": "00:31:29", "text": "right now?"}, {"start": "00:31:26", "end": "00:31:31", "text": "Not really. X is weird. It's like it the"}, {"start": "00:31:29", "end": "00:31:32", "text": "concurrent viewers go up right away at"}, {"start": "00:31:31", "end": "00:31:36", "text": "the beginning and then just like dies"}, {"start": "00:31:32", "end": "00:31:36", "text": "off really fast."}, {"start": "00:32:11", "end": "00:32:17", "text": "The class score"}, {"start": "00:32:14", "end": "00:32:20", "text": "is in the leaderboard on a Clash"}, {"start": "00:32:17", "end": "00:32:23", "text": "project. Everyone is rated and how you"}, {"start": "00:32:20", "end": "00:32:26", "text": "get the score is down here. the clash"}, {"start": "00:32:23", "end": "00:32:27", "text": "that you hold, NFTTS, how much games you"}, {"start": "00:32:26", "end": "00:32:31", "text": "play, how much predictions, how much"}, {"start": "00:32:27", "end": "00:32:34", "text": "research you do. It's all listed in"}, {"start": "00:32:31", "end": "00:32:34", "text": "here. So,"}, {"start": "00:32:35", "end": "00:32:41", "text": "follow it and build it as score."}, {"start": "00:32:39", "end": "00:32:43", "text": "It's going to be advantageous. And sign"}, {"start": "00:32:41", "end": "00:32:47", "text": "up if you haven't."}, {"start": "00:32:43", "end": "00:32:49", "text": "Go to the go to the Clash Project site."}, {"start": "00:32:47", "end": "00:32:52", "text": "You'll find it in description or just"}, {"start": "00:32:49", "end": "00:32:52", "text": "look it up."}, {"start": "00:32:53", "end": "00:32:57", "text": "I mean, we have everyone listed, but not"}, {"start": "00:32:55", "end": "00:33:01", "text": "everyone, you know, we have a connection"}, {"start": "00:32:57", "end": "00:33:04", "text": "with, right? But if you do, that's how"}, {"start": "00:33:01", "end": "00:33:04", "text": "we link you."}, {"start": "00:33:24", "end": "00:33:29", "text": "I don't think Sailor's sleeping. I think"}, {"start": "00:33:26", "end": "00:33:31", "text": "he was just on his phone."}, {"start": "00:33:29", "end": "00:33:35", "text": "It would have been nice if the picture"}, {"start": "00:33:31", "end": "00:33:37", "text": "showed they were in like a active like"}, {"start": "00:33:35", "end": "00:33:42", "text": "conversation,"}, {"start": "00:33:37", "end": "00:33:42", "text": "but you know, they're both billionaires,"}, {"start": "00:33:42", "end": "00:33:47", "text": "so they're both probably pretending to"}, {"start": "00:33:45", "end": "00:33:50", "text": "be busy."}, {"start": "00:33:47", "end": "00:33:53", "text": "acting cool. Neither one wants to, you"}, {"start": "00:33:50", "end": "00:33:55", "text": "know, look too anxious to talk to the"}, {"start": "00:33:53", "end": "00:33:58", "text": "other,"}, {"start": "00:33:55", "end": "00:33:58", "text": "I'm assuming."}, {"start": "00:33:59", "end": "00:34:04", "text": "And Sailor still has his orange tie,"}, {"start": "00:34:00", "end": "00:34:04", "text": "which is awesome."}, {"start": "00:34:12", "end": "00:34:17", "text": "Anyways,"}, {"start": "00:34:14", "end": "00:34:22", "text": "I'll let you guys go"}, {"start": "00:34:17", "end": "00:34:26", "text": "today. Pretty good day. Good rally for"}, {"start": "00:34:22", "end": "00:34:29", "text": "US markets. Bitcoin not so much yet."}, {"start": "00:34:26", "end": "00:34:31", "text": "Some of the alts are doing well, but I"}, {"start": "00:34:29", "end": "00:34:35", "text": "think we could see a good movement"}, {"start": "00:34:31", "end": "00:34:37", "text": "today. Just need a little push,"}, {"start": "00:34:35", "end": "00:34:41", "text": "a few more short squeezes to happen."}, {"start": "00:34:37", "end": "00:34:43", "text": "We'll be right back to 79 80,000."}, {"start": "00:34:41", "end": "00:34:46", "text": "But overall, it's a pretty good day"}, {"start": "00:34:43", "end": "00:34:49", "text": "after a big FOMC"}, {"start": "00:34:46", "end": "00:34:54", "text": "meeting and Fed hike, which is"}, {"start": "00:34:49", "end": "00:34:56", "text": "surprising, but that is that is good."}, {"start": "00:34:54", "end": "00:34:59", "text": "And we'll take it. We'll take it. All"}, {"start": "00:34:56", "end": "00:35:03", "text": "right, guys. Smash it a like. Subscribe"}, {"start": "00:34:59", "end": "00:35:07", "text": "to the channel. Go utilize Ask Clash"}, {"start": "00:35:03", "end": "00:35:09", "text": "Clash pickics. Get your Clash score up."}, {"start": "00:35:07", "end": "00:35:12", "text": "Go enjoy some games. Prepare for what's"}, {"start": "00:35:09", "end": "00:35:15", "text": "coming tomorrow."}, {"start": "00:35:12", "end": "00:35:18", "text": "It's going to be good. A big new launch"}, {"start": "00:35:15", "end": "00:35:20", "text": "of a new product."}, {"start": "00:35:18", "end": "00:35:23", "text": "And uh enjoy the rest of your day. All"}, {"start": "00:35:20", "end": "00:35:25", "text": "right. Have a good one. Take care."}, {"start": "00:35:23", "end": "00:35:25", "text": "Bye-bye."}]

[{"start": "00:00:03", "end": "00:00:08", "text": "Welcome back to Cryptos are Us. I am"}, {"start": "00:00:06", "end": "00:00:11", "text": "George."}, {"start": "00:00:08", "end": "00:00:14", "text": "We're all George. Welcome to another"}, {"start": "00:00:11", "end": "00:00:19", "text": "market open stream. Today is a big day."}, {"start": "00:00:14", "end": "00:00:21", "text": "Today is the Fed decision day."}, {"start": "00:00:19", "end": "00:00:24", "text": "So, what is the Fed going to do? And"}, {"start": "00:00:21", "end": "00:00:28", "text": "plus, today is the day after that big"}, {"start": "00:00:24", "end": "00:00:30", "text": "failed vote of the Clarity Act. So,"}, {"start": "00:00:28", "end": "00:00:35", "text": "let's talk about these two things. Let's"}, {"start": "00:00:30", "end": "00:00:37", "text": "also talk about how Bitcoin got flushed"}, {"start": "00:00:35", "end": "00:00:41", "text": "yesterday"}, {"start": "00:00:37", "end": "00:00:45", "text": "ahead of this. So, let's talk about that"}, {"start": "00:00:41", "end": "00:00:50", "text": "as well. All right, let's do it, guys."}, {"start": "00:00:45", "end": "00:00:52", "text": "Let's do it. Welcome, welcome, welcome."}, {"start": "00:00:50", "end": "00:00:55", "text": "So, unfortunately, we're starting out a"}, {"start": "00:00:52", "end": "00:00:58", "text": "day a little bit lower than yesterday."}, {"start": "00:00:55", "end": "00:01:00", "text": "Bitcoin is at 757,"}, {"start": "00:00:58", "end": "00:01:02", "text": "[snorts] but you could argue we are"}, {"start": "00:01:00", "end": "00:01:07", "text": "still going sideways. We are a little"}, {"start": "00:01:02", "end": "00:01:09", "text": "bit lower than the last week or so, but"}, {"start": "00:01:07", "end": "00:01:13", "text": "you could see that yeah, we're basically"}, {"start": "00:01:09", "end": "00:01:15", "text": "at the same point as right here, like"}, {"start": "00:01:13", "end": "00:01:17", "text": "you know, early August or something like"}, {"start": "00:01:15", "end": "00:01:18", "text": "that. We're still going sideways, but"}, {"start": "00:01:17", "end": "00:01:20", "text": "the a little bit lower within this"}, {"start": "00:01:18", "end": "00:01:23", "text": "channel."}, {"start": "00:01:20", "end": "00:01:27", "text": "Some of the alts have fallen drastically"}, {"start": "00:01:23", "end": "00:01:30", "text": "like XRP is down like 10% 11% today you"}, {"start": "00:01:27", "end": "00:01:32", "text": "know it's a big drop for XRP and then"}, {"start": "00:01:30", "end": "00:01:36", "text": "you have like ETH down about 3% sold"}, {"start": "00:01:32", "end": "00:01:41", "text": "down about 3% right and this is part of"}, {"start": "00:01:36", "end": "00:01:46", "text": "that flushing out I just mentioned today"}, {"start": "00:01:41", "end": "00:01:49", "text": "however uh is a big Fed day the US"}, {"start": "00:01:46", "end": "00:01:50", "text": "market is still right now in the green"}, {"start": "00:01:49", "end": "00:01:52", "text": "which is a surprise guys. Usually you"}, {"start": "00:01:50", "end": "00:01:55", "text": "get a lot of volatility. Like yesterday"}, {"start": "00:01:52", "end": "00:01:58", "text": "was just a big big sell-off."}, {"start": "00:01:55", "end": "00:02:02", "text": "[snorts] Okay. And"}, {"start": "00:01:58", "end": "00:02:05", "text": "we're expected to get a rate hike today."}, {"start": "00:02:02", "end": "00:02:07", "text": "Not a cut,"}, {"start": "00:02:05", "end": "00:02:13", "text": "a hike."}, {"start": "00:02:07", "end": "00:02:13", "text": "First time in three years."}, {"start": "00:02:14", "end": "00:02:22", "text": "You may be wondering what is going on."}, {"start": "00:02:18", "end": "00:02:26", "text": "This guy right here, Walsh, was hired"}, {"start": "00:02:22", "end": "00:02:30", "text": "specifically to cut rates."}, {"start": "00:02:26", "end": "00:02:34", "text": "That's why he was handpicked."}, {"start": "00:02:30", "end": "00:02:38", "text": "But now he's forced to hike because we"}, {"start": "00:02:34", "end": "00:02:43", "text": "have a lot of issues going on especially"}, {"start": "00:02:38", "end": "00:02:46", "text": "with inflation which is ticking up and"}, {"start": "00:02:43", "end": "00:02:49", "text": "is forcing him and the other governors"}, {"start": "00:02:46", "end": "00:02:54", "text": "to take action."}, {"start": "00:02:49", "end": "00:02:58", "text": "But this is happening during a bad time."}, {"start": "00:02:54", "end": "00:03:01", "text": "Why? Well, look at our Treasury yields."}, {"start": "00:02:58", "end": "00:03:04", "text": "Okay, treasury yields have been"}, {"start": "00:03:01", "end": "00:03:06", "text": "skyrocketing. 10-year was above five"}, {"start": "00:03:04", "end": "00:03:10", "text": "yesterday. It fell down a little bit"}, {"start": "00:03:06", "end": "00:03:15", "text": "today, but it's at like a 20"}, {"start": "00:03:10", "end": "00:03:16", "text": "plus year uh high. 30-year, same thing."}, {"start": "00:03:15", "end": "00:03:21", "text": "Our Treasury yield is going up. People"}, {"start": "00:03:16", "end": "00:03:24", "text": "are losing faith in the dollar."}, {"start": "00:03:21", "end": "00:03:26", "text": "People are really scared that the"}, {"start": "00:03:24", "end": "00:03:29", "text": "deficit and the irresponsible spending"}, {"start": "00:03:26", "end": "00:03:31", "text": "will continue. and their money is going"}, {"start": "00:03:29", "end": "00:03:35", "text": "to become worthless and the US"}, {"start": "00:03:31", "end": "00:03:39", "text": "government won't be able to pay back,"}, {"start": "00:03:35", "end": "00:03:41", "text": "right? Also, demand for housing"}, {"start": "00:03:39", "end": "00:03:43", "text": "is now"}, {"start": "00:03:41", "end": "00:03:45", "text": "down"}, {"start": "00:03:43", "end": "00:03:50", "text": "because interest rate on mortgages are"}, {"start": "00:03:45", "end": "00:03:53", "text": "up. It's at like 7%."}, {"start": "00:03:50", "end": "00:03:56", "text": "So, and obviously jobs isn't terrific"}, {"start": "00:03:53", "end": "00:03:59", "text": "either. And a rate hike is not going to"}, {"start": "00:03:56", "end": "00:04:02", "text": "help. It's probably gonna"}, {"start": "00:03:59", "end": "00:04:05", "text": "shoot the mortgage interest up. Uh"}, {"start": "00:04:02", "end": "00:04:07", "text": "Treasury yield might go up even more."}, {"start": "00:04:05", "end": "00:04:10", "text": "All these things are happening"}, {"start": "00:04:07", "end": "00:04:13", "text": "and that's why Wars,"}, {"start": "00:04:10", "end": "00:04:14", "text": "you know, he's uh"}, {"start": "00:04:13", "end": "00:04:17", "text": "he's stuck between a rock and a hard"}, {"start": "00:04:14", "end": "00:04:19", "text": "place right now. All right. He was he"}, {"start": "00:04:17", "end": "00:04:21", "text": "was hired"}, {"start": "00:04:19", "end": "00:04:23", "text": "to"}, {"start": "00:04:21", "end": "00:04:26", "text": "cut rates, but now forced to raise"}, {"start": "00:04:23", "end": "00:04:29", "text": "rates. and"}, {"start": "00:04:26", "end": "00:04:32", "text": "it may have dire repercussions because"}, {"start": "00:04:29", "end": "00:04:34", "text": "the economy, to be frank, ain't doing"}, {"start": "00:04:32", "end": "00:04:37", "text": "that well right now."}, {"start": "00:04:34", "end": "00:04:38", "text": "Uh there may be something that that"}, {"start": "00:04:37", "end": "00:04:40", "text": "drastically happens today, but it's"}, {"start": "00:04:38", "end": "00:04:44", "text": "unlikely. It's not just him. There's"}, {"start": "00:04:40", "end": "00:04:46", "text": "like 12 to 14 other governors, I don't"}, {"start": "00:04:44", "end": "00:04:48", "text": "know the exact number, that will be"}, {"start": "00:04:46", "end": "00:04:50", "text": "voting today. They started a meeting"}, {"start": "00:04:48", "end": "00:04:55", "text": "yesterday. They will vote. I think"}, {"start": "00:04:50", "end": "00:04:58", "text": "around 1:30 is when um the announcement"}, {"start": "00:04:55", "end": "00:05:03", "text": "will be made and then 2:30"}, {"start": "00:04:58", "end": "00:05:06", "text": "2:30 Eastern I think. Yeah, 2:30 Eastern"}, {"start": "00:05:03", "end": "00:05:10", "text": "is when the press conference starts."}, {"start": "00:05:06", "end": "00:05:12", "text": "Right now anticipated"}, {"start": "00:05:10", "end": "00:05:16", "text": "there is a 93%"}, {"start": "00:05:12", "end": "00:05:19", "text": "chance that there will be a rate hike."}, {"start": "00:05:16", "end": "00:05:22", "text": "very very very unlikely"}, {"start": "00:05:19", "end": "00:05:26", "text": "that we will get a hold. Even though one"}, {"start": "00:05:22", "end": "00:05:29", "text": "of the governors, Waller, last week"}, {"start": "00:05:26", "end": "00:05:31", "text": "hinted that maybe"}, {"start": "00:05:29", "end": "00:05:33", "text": "we could get a hold. He would be okay"}, {"start": "00:05:31", "end": "00:05:37", "text": "with a hold, but now it's looking like"}, {"start": "00:05:33", "end": "00:05:39", "text": "it's impossible. But who knows? Maybe we"}, {"start": "00:05:37", "end": "00:05:42", "text": "get some kind of surprise."}, {"start": "00:05:39", "end": "00:05:44", "text": "Maybe it's like a 5050 so they don't"}, {"start": "00:05:42", "end": "00:05:46", "text": "hike."}, {"start": "00:05:44", "end": "00:05:48", "text": "Maybe they'll declare that next meeting"}, {"start": "00:05:46", "end": "00:05:49", "text": "they'll do a 50 basis point, but this"}, {"start": "00:05:48", "end": "00:05:52", "text": "one they're gonna hold. I don't I don't"}, {"start": "00:05:49", "end": "00:05:56", "text": "know. Maybe something drastic happens,"}, {"start": "00:05:52", "end": "00:05:56", "text": "but unlikely."}, {"start": "00:05:57", "end": "00:06:03", "text": "So, yeah, that is"}, {"start": "00:06:01", "end": "00:06:06", "text": "that is what's coming up. You know, it's"}, {"start": "00:06:03", "end": "00:06:10", "text": "what what kind of caused Bitcoin and"}, {"start": "00:06:06", "end": "00:06:11", "text": "crypto to have a mini flush yesterday."}, {"start": "00:06:10", "end": "00:06:15", "text": "And on top of that, we had also the"}, {"start": "00:06:11", "end": "00:06:15", "text": "Clarity Act"}, {"start": "00:06:16", "end": "00:06:21", "text": "uh vote being uh"}, {"start": "00:06:21", "end": "00:06:28", "text": "failed, I guess. Yeah. Kind of to be"}, {"start": "00:06:24", "end": "00:06:32", "text": "expected. Uh yesterday we had a minus"}, {"start": "00:06:28", "end": "00:06:37", "text": "450 million day outflow. Bad outflow"}, {"start": "00:06:32", "end": "00:06:41", "text": "day. Very bad. ETH had 141 million. Soul"}, {"start": "00:06:37", "end": "00:06:44", "text": "had oh plus 1 million. XRP plus 50"}, {"start": "00:06:41", "end": "00:06:49", "text": "million. Whoa. Where did that come from?"}, {"start": "00:06:44", "end": "00:06:53", "text": "No idea. But yeah, Bitcoin and ETH saw"}, {"start": "00:06:49", "end": "00:06:55", "text": "some massive outflows yesterday."}, {"start": "00:06:53", "end": "00:06:58", "text": "Okay. Some of it due to the volatility,"}, {"start": "00:06:55", "end": "00:07:00", "text": "some of it due to anticipated rate hike,"}, {"start": "00:06:58", "end": "00:07:02", "text": "some of it is due to clarity act"}, {"start": "00:07:00", "end": "00:07:04", "text": "failing."}, {"start": "00:07:02", "end": "00:07:09", "text": "A lot of people were watching the vote"}, {"start": "00:07:04", "end": "00:07:09", "text": "and stuff. Uh basically"}, {"start": "00:07:09", "end": "00:07:15", "text": "it didn't get done. It did not get done."}, {"start": "00:07:13", "end": "00:07:17", "text": "That's why you had a lot of selling"}, {"start": "00:07:15", "end": "00:07:20", "text": "yesterday,"}, {"start": "00:07:17", "end": "00:07:22", "text": "right? We watched it like basically the"}, {"start": "00:07:20", "end": "00:07:28", "text": "vote was was not good. We didn't get"}, {"start": "00:07:22", "end": "00:07:28", "text": "anywhere close to what we wanted."}, {"start": "00:07:29", "end": "00:07:32", "text": "So it didn't pass. So now you know"}, {"start": "00:07:31", "end": "00:07:34", "text": "everyone this this is what I've been"}, {"start": "00:07:32", "end": "00:07:36", "text": "saying. Even yesterday I said I don't"}, {"start": "00:07:34", "end": "00:07:41", "text": "think it's going to pass. I don't think"}, {"start": "00:07:36", "end": "00:07:44", "text": "those those Democrats that that voted no"}, {"start": "00:07:41", "end": "00:07:48", "text": "before were going to change their mind."}, {"start": "00:07:44", "end": "00:07:49", "text": "But honestly, it does not matter. Okay."}, {"start": "00:07:48", "end": "00:07:53", "text": "And I'm I'm seeing other people like"}, {"start": "00:07:49", "end": "00:07:56", "text": "Brian Armstrong, CEO of of Coinbase say"}, {"start": "00:07:53", "end": "00:07:59", "text": "the same thing now, right? The SEC and"}, {"start": "00:07:56", "end": "00:08:02", "text": "CFTC, they're the two governing bodies"}, {"start": "00:07:59", "end": "00:08:06", "text": "of the US. They're both in line with"}, {"start": "00:08:02", "end": "00:08:08", "text": "pro- crypto innovations."}, {"start": "00:08:06", "end": "00:08:13", "text": "They are all we need really. You don't"}, {"start": "00:08:08", "end": "00:08:16", "text": "need the Clarity Act to be passed for"}, {"start": "00:08:13", "end": "00:08:18", "text": "new innovations or new regulations or"}, {"start": "00:08:16", "end": "00:08:20", "text": "favorable ones. We already have it. We"}, {"start": "00:08:18", "end": "00:08:25", "text": "already have the Genius bill that"}, {"start": "00:08:20", "end": "00:08:28", "text": "passed. We have the CFTC and SEC that"}, {"start": "00:08:25", "end": "00:08:32", "text": "are both making"}, {"start": "00:08:28", "end": "00:08:34", "text": "clear rules and new frameworks for us to"}, {"start": "00:08:32", "end": "00:08:36", "text": "follow."}, {"start": "00:08:34", "end": "00:08:38", "text": "So I mean even though it would be nice"}, {"start": "00:08:36", "end": "00:08:41", "text": "to have the cleric act passed, it's not"}, {"start": "00:08:38", "end": "00:08:45", "text": "really necessary."}, {"start": "00:08:41", "end": "00:08:48", "text": "Okay. It's almost like a symbol,"}, {"start": "00:08:45", "end": "00:08:51", "text": "but at this point I think it's become a"}, {"start": "00:08:48", "end": "00:08:53", "text": "a distraction really."}, {"start": "00:08:51", "end": "00:08:56", "text": "So now everyone is kind of agreeing with"}, {"start": "00:08:53", "end": "00:08:58", "text": "me. Bernstein"}, {"start": "00:08:56", "end": "00:09:01", "text": "says, \"Yeah, we need aggressive and"}, {"start": "00:08:58", "end": "00:09:04", "text": "swift SEC and CFTC rulemaking to"}, {"start": "00:09:01", "end": "00:09:07", "text": "compensate for clarity act failure.\""}, {"start": "00:09:04", "end": "00:09:09", "text": "Sailor is saying, \"I expect the SEC,"}, {"start": "00:09:07", "end": "00:09:12", "text": "CFTC, and Treasury to advance rules"}, {"start": "00:09:09", "end": "00:09:15", "text": "under existing law, banks to expand"}, {"start": "00:09:12", "end": "00:09:17", "text": "crypto custody and move capital to favor"}, {"start": "00:09:15", "end": "00:09:18", "text": "Bitcoin.\" That's going to happen. even"}, {"start": "00:09:17", "end": "00:09:22", "text": "the Treasury."}, {"start": "00:09:18", "end": "00:09:25", "text": "Our Treasury Secretary Scott Bass is a"}, {"start": "00:09:22", "end": "00:09:28", "text": "fan of Bitcoin, fan of crypto. He was"}, {"start": "00:09:25", "end": "00:09:30", "text": "urging for the Clarity Act to be passed"}, {"start": "00:09:28", "end": "00:09:33", "text": "as well. So, I mean, we got all the"}, {"start": "00:09:30", "end": "00:09:37", "text": "bodies we need"}, {"start": "00:09:33", "end": "00:09:38", "text": "to move forward with"}, {"start": "00:09:37", "end": "00:09:41", "text": "again"}, {"start": "00:09:38", "end": "00:09:42", "text": "clear regulations,"}, {"start": "00:09:41", "end": "00:09:46", "text": "frameworks,"}, {"start": "00:09:42", "end": "00:09:49", "text": "usher in a new era of innovation,"}, {"start": "00:09:46", "end": "00:09:50", "text": "right? We got all that. We don't really"}, {"start": "00:09:49", "end": "00:09:51", "text": "need to clear the act. But, you know,"}, {"start": "00:09:50", "end": "00:09:54", "text": "they're go they're going to try to"}, {"start": "00:09:51", "end": "00:09:57", "text": "figure out a way to keep this alive and"}, {"start": "00:09:54", "end": "00:10:00", "text": "and try to revote again. I don't know"}, {"start": "00:09:57", "end": "00:10:06", "text": "the the certain procedure, but honestly,"}, {"start": "00:10:00", "end": "00:10:06", "text": "I I don't think we really need it."}, {"start": "00:10:07", "end": "00:10:13", "text": "I mean, I I just don't see what"}, {"start": "00:10:10", "end": "00:10:15", "text": "what we need from it right now, right?"}, {"start": "00:10:13", "end": "00:10:18", "text": "[snorts] But you know what it is what it"}, {"start": "00:10:15", "end": "00:10:23", "text": "is. It's what's caused, you know, this"}, {"start": "00:10:18", "end": "00:10:26", "text": "this outflow yesterday, right? Uh, also"}, {"start": "00:10:23", "end": "00:10:29", "text": "from liquidity standpoint, minus half a"}, {"start": "00:10:26", "end": "00:10:31", "text": "billion in one day. A lot of people got"}, {"start": "00:10:29", "end": "00:10:35", "text": "scared"}, {"start": "00:10:31", "end": "00:10:41", "text": "and a lot of people got flushed out."}, {"start": "00:10:35", "end": "00:10:44", "text": "644 million worth of liquidations."}, {"start": "00:10:41", "end": "00:10:48", "text": "Almost all of that on the long side. 521"}, {"start": "00:10:44", "end": "00:10:50", "text": "million. And you can see all this red."}, {"start": "00:10:48", "end": "00:10:54", "text": "It's all longs being liquidated."}, {"start": "00:10:50", "end": "00:10:57", "text": "Bitcoin, ETH, XRP, Soul, Hype, and"}, {"start": "00:10:54", "end": "00:11:00", "text": "others."}, {"start": "00:10:57", "end": "00:11:02", "text": "No good. Too much too much liquidation."}, {"start": "00:11:00", "end": "00:11:05", "text": "We need to go on the opposite side."}, {"start": "00:11:02", "end": "00:11:06", "text": "Okay? We need short squeezes, not long"}, {"start": "00:11:05", "end": "00:11:09", "text": "squeezes."}, {"start": "00:11:06", "end": "00:11:11", "text": "But you know what? It tends"}, {"start": "00:11:09", "end": "00:11:14", "text": "tends to happen when there's too many"}, {"start": "00:11:11", "end": "00:11:16", "text": "people that are playing with very high"}, {"start": "00:11:14", "end": "00:11:18", "text": "leverage, which is what I've been saying"}, {"start": "00:11:16", "end": "00:11:21", "text": "is bad. even low leverage, you know, I"}, {"start": "00:11:18", "end": "00:11:22", "text": "still have some two, three X's open."}, {"start": "00:11:21", "end": "00:11:25", "text": "They're not looking very pretty right"}, {"start": "00:11:22", "end": "00:11:27", "text": "now, right? But like for people to get"}, {"start": "00:11:25", "end": "00:11:30", "text": "liquidated like this,"}, {"start": "00:11:27", "end": "00:11:33", "text": "they have to be throwing their 50x,"}, {"start": "00:11:30", "end": "00:11:35", "text": "100x, 150x, 200x,"}, {"start": "00:11:33", "end": "00:11:37", "text": "okay, to be liquidated this much every"}, {"start": "00:11:35", "end": "00:11:43", "text": "single day,"}, {"start": "00:11:37", "end": "00:11:43", "text": "it's better to just buy and hold."}, {"start": "00:11:46", "end": "00:11:52", "text": "But anywh who, outside of these"}, {"start": "00:11:49", "end": "00:11:55", "text": "short-term"}, {"start": "00:11:52", "end": "00:11:55", "text": "distractions,"}, {"start": "00:11:56", "end": "00:12:03", "text": "we're moving in line with"}, {"start": "00:12:00", "end": "00:12:07", "text": "with what what has happened before,"}, {"start": "00:12:03", "end": "00:12:09", "text": "right? Uh this one you can see it's"}, {"start": "00:12:07", "end": "00:12:12", "text": "actually kind of similar to this"}, {"start": "00:12:09", "end": "00:12:16", "text": "distraction that we had"}, {"start": "00:12:12", "end": "00:12:21", "text": "around the COVID time right before"}, {"start": "00:12:16", "end": "00:12:26", "text": "a pretty nice run up."}, {"start": "00:12:21", "end": "00:12:29", "text": "Okay. It's like a mini It's like a mini"}, {"start": "00:12:26", "end": "00:12:31", "text": "mini crypto winter."}, {"start": "00:12:29", "end": "00:12:35", "text": "It's not the full one, right? And we"}, {"start": "00:12:31", "end": "00:12:40", "text": "have begotten recovery already."}, {"start": "00:12:35", "end": "00:12:42", "text": "But you know what? Better days"}, {"start": "00:12:40", "end": "00:12:45", "text": "are coming."}, {"start": "00:12:42", "end": "00:12:48", "text": "Better days are coming. According to"}, {"start": "00:12:45", "end": "00:12:51", "text": "Matthew here believes that we'll be"}, {"start": "00:12:48", "end": "00:12:55", "text": "seeing 90k"}, {"start": "00:12:51", "end": "00:12:56", "text": "soon. So a lot of indicators, metrics,"}, {"start": "00:12:55", "end": "00:12:58", "text": "patterns,"}, {"start": "00:12:56", "end": "00:13:00", "text": "whatever you want to look at is looking"}, {"start": "00:12:58", "end": "00:13:02", "text": "pretty"}, {"start": "00:13:00", "end": "00:13:05", "text": "pretty good. Pretty good despite"}, {"start": "00:13:02", "end": "00:13:08", "text": "short-term distractions."}, {"start": "00:13:05", "end": "00:13:11", "text": "And yeah, that this one right here is"}, {"start": "00:13:08", "end": "00:13:15", "text": "going to be going to be a big one. Going"}, {"start": "00:13:11", "end": "00:13:18", "text": "to be a big one for today."}, {"start": "00:13:15", "end": "00:13:22", "text": "Uh outside of these really [sighs]"}, {"start": "00:13:18", "end": "00:13:23", "text": "really not not all that much"}, {"start": "00:13:22", "end": "00:13:26", "text": "uh still a lot of talk about AI"}, {"start": "00:13:23", "end": "00:13:30", "text": "regulation. I wait until the end to talk"}, {"start": "00:13:26", "end": "00:13:32", "text": "about it. Uh Salesforce have had some"}, {"start": "00:13:30", "end": "00:13:35", "text": "kind of conference and all the AI"}, {"start": "00:13:32", "end": "00:13:38", "text": "leaders were there."}, {"start": "00:13:35", "end": "00:13:40", "text": "Nvidia Jensen you know you you could say"}, {"start": "00:13:38", "end": "00:13:42", "text": "I I don't know if he truly believes"}, {"start": "00:13:40", "end": "00:13:44", "text": "everything he's saying. I mean he"}, {"start": "00:13:42", "end": "00:13:45", "text": "interviewed with Jim Kramer. He was also"}, {"start": "00:13:44", "end": "00:13:47", "text": "at Salesforce conference. He was at the"}, {"start": "00:13:45", "end": "00:13:49", "text": "all-in conference recently talking about"}, {"start": "00:13:47", "end": "00:13:51", "text": "AI safety and he's like, \"No, we don't"}, {"start": "00:13:49", "end": "00:13:54", "text": "need more regulations. We just need"}, {"start": "00:13:51", "end": "00:13:56", "text": "companies to do better.\" Okay? They need"}, {"start": "00:13:54", "end": "00:13:59", "text": "to come out with better systems to"}, {"start": "00:13:56", "end": "00:14:01", "text": "measure safety. If you have unsafe"}, {"start": "00:13:59", "end": "00:14:02", "text": "product, don't release it. It's really"}, {"start": "00:14:01", "end": "00:14:05", "text": "that simple. You don't need to call upon"}, {"start": "00:14:02", "end": "00:14:08", "text": "the government and beg them to regulate"}, {"start": "00:14:05", "end": "00:14:11", "text": "you, which I agree with, right? But he's"}, {"start": "00:14:08", "end": "00:14:14", "text": "also on the side that we we should not"}, {"start": "00:14:11", "end": "00:14:17", "text": "be worried about AI at all, that they're"}, {"start": "00:14:14", "end": "00:14:20", "text": "not going to destroy humans and uh"}, {"start": "00:14:17", "end": "00:14:23", "text": "they're, you know, they're quite safe."}, {"start": "00:14:20", "end": "00:14:25", "text": "I'm I'm not so sure that is, you know,"}, {"start": "00:14:23", "end": "00:14:27", "text": "that is the case, but he's in the"}, {"start": "00:14:25", "end": "00:14:30", "text": "business of selling chips, so he has to"}, {"start": "00:14:27", "end": "00:14:32", "text": "be very pro so that everyone continues"}, {"start": "00:14:30", "end": "00:14:35", "text": "to buy Nvidia GPUs. So, I I kind of get"}, {"start": "00:14:32", "end": "00:14:37", "text": "that. Uh"}, {"start": "00:14:35", "end": "00:14:39", "text": "Mark Zuckerberg also sides with him and"}, {"start": "00:14:37", "end": "00:14:41", "text": "just basically says you need to"}, {"start": "00:14:39", "end": "00:14:45", "text": "companies just need to do better with"}, {"start": "00:14:41", "end": "00:14:48", "text": "their safety systems and develop better"}, {"start": "00:14:45", "end": "00:14:50", "text": "systems to prevent their models from"}, {"start": "00:14:48", "end": "00:14:52", "text": "causing harm."}, {"start": "00:14:50", "end": "00:14:54", "text": "Right?"}, {"start": "00:14:52", "end": "00:14:58", "text": "So going against"}, {"start": "00:14:54", "end": "00:15:00", "text": "what Daario and Sam and and Elon has"}, {"start": "00:14:58", "end": "00:15:03", "text": "been saying, but Elon also he said it,"}, {"start": "00:15:00", "end": "00:15:05", "text": "but he didn't seem very"}, {"start": "00:15:03", "end": "00:15:08", "text": "concerned about it. So I don't know. And"}, {"start": "00:15:05", "end": "00:15:10", "text": "he's the one that's making"}, {"start": "00:15:08", "end": "00:15:14", "text": "killer robots. Well, not killer, but"}, {"start": "00:15:10", "end": "00:15:16", "text": "robots. So, uh, if anything, if we"}, {"start": "00:15:14", "end": "00:15:18", "text": "really do have a Terminator"}, {"start": "00:15:16", "end": "00:15:22", "text": "moment, it's probably going to come from"}, {"start": "00:15:18", "end": "00:15:22", "text": "Elon's creation."}, {"start": "00:15:23", "end": "00:15:26", "text": "But despite all this, they're all still"}, {"start": "00:15:24", "end": "00:15:28", "text": "trying to raise. They're all still"}, {"start": "00:15:26", "end": "00:15:31", "text": "trying to go IPO."}, {"start": "00:15:28", "end": "00:15:34", "text": "So, Anthropic is still trying to IPO"}, {"start": "00:15:31", "end": "00:15:37", "text": "this year, I'm hearing trying to value"}, {"start": "00:15:34", "end": "00:15:40", "text": "themselves at two trillion and OpenAI is"}, {"start": "00:15:37", "end": "00:15:43", "text": "not far away. They're trying to have a"}, {"start": "00:15:40", "end": "00:15:47", "text": "new round at that puts them somewhere"}, {"start": "00:15:43", "end": "00:15:50", "text": "between 1 to 1.5 trillion. So, um, these"}, {"start": "00:15:47", "end": "00:15:53", "text": "guys, despite the leaders coming out"}, {"start": "00:15:50", "end": "00:15:55", "text": "saying that, well, we need to slow down."}, {"start": "00:15:53", "end": "00:15:57", "text": "Well, they don't want to slow down the"}, {"start": "00:15:55", "end": "00:15:59", "text": "funding. They don't want to slow down"}, {"start": "00:15:57", "end": "00:16:02", "text": "their growth. So, it's kind of"}, {"start": "00:15:59", "end": "00:16:04", "text": "counterintuitive to what they're doing."}, {"start": "00:16:02", "end": "00:16:07", "text": "Um,"}, {"start": "00:16:04", "end": "00:16:07", "text": "yeah."}, {"start": "00:16:07", "end": "00:16:13", "text": "Yeah, that's it."}, {"start": "00:16:10", "end": "00:16:16", "text": "That is it. Uh, NASDAQ is still green"}, {"start": "00:16:13", "end": "00:16:19", "text": "today. Very surprising. Very very"}, {"start": "00:16:16", "end": "00:16:21", "text": "surprising."}, {"start": "00:16:19", "end": "00:16:23", "text": "I guess people don't care that there w"}, {"start": "00:16:21", "end": "00:16:26", "text": "there will be a rate hike or it's"}, {"start": "00:16:23", "end": "00:16:30", "text": "already been priced in. I don't know."}, {"start": "00:16:26", "end": "00:16:32", "text": "But it's very shocking that NASDAQ"}, {"start": "00:16:30", "end": "00:16:36", "text": "is up right now and several companies"}, {"start": "00:16:32", "end": "00:16:38", "text": "like like Dell continues to go higher"}, {"start": "00:16:36", "end": "00:16:43", "text": "even higher than yesterday."}, {"start": "00:16:38", "end": "00:16:45", "text": "SpaceX doing very well plus 4% today."}, {"start": "00:16:43", "end": "00:16:48", "text": "SpaceX has been holding about 150. So, a"}, {"start": "00:16:45", "end": "00:16:50", "text": "lot of people want to get into SpaceX."}, {"start": "00:16:48", "end": "00:16:52", "text": "Seems like they have bottomed out 150,"}, {"start": "00:16:50", "end": "00:16:55", "text": "but they're they're already like two"}, {"start": "00:16:52", "end": "00:16:59", "text": "trillion in market cap. So, maybe hard"}, {"start": "00:16:55", "end": "00:17:07", "text": "for them to move a lot short term."}, {"start": "00:16:59", "end": "00:17:09", "text": "Uh AMD up about 3%, Intel up about 5%."}, {"start": "00:17:07", "end": "00:17:11", "text": "Coinbase"}, {"start": "00:17:09", "end": "00:17:12", "text": "about flat, but yesterday had a big down"}, {"start": "00:17:11", "end": "00:17:16", "text": "day."}, {"start": "00:17:12", "end": "00:17:18", "text": "Micro Strategy about flat"}, {"start": "00:17:16", "end": "00:17:20", "text": "and Bitcoin is holding right under"}, {"start": "00:17:18", "end": "00:17:26", "text": "$76,000."}, {"start": "00:17:20", "end": "00:17:26", "text": "All right, let's do some Q&A."}, {"start": "00:18:11", "end": "00:18:13", "text": ">> [clears throat]"}, {"start": "00:18:19", "end": "00:18:24", "text": ">> When robots start shooting guns, we are"}, {"start": "00:18:21", "end": "00:18:26", "text": "effed. And you know that's inevitable."}, {"start": "00:18:24", "end": "00:18:28", "text": "Uh it will I mean for sure they're"}, {"start": "00:18:26", "end": "00:18:32", "text": "they're programming that. In China they"}, {"start": "00:18:28", "end": "00:18:34", "text": "already have robotic like Olympics where"}, {"start": "00:18:32", "end": "00:18:36", "text": "they show uh the robots like running and"}, {"start": "00:18:34", "end": "00:18:39", "text": "stuff. They're already running at like"}, {"start": "00:18:36", "end": "00:18:40", "text": "superhuman speed."}, {"start": "00:18:39", "end": "00:18:42", "text": "Now they still have their problems. They"}, {"start": "00:18:40", "end": "00:18:43", "text": "can't always do it and they fall and"}, {"start": "00:18:42", "end": "00:18:45", "text": "they break and stuff, but they're"}, {"start": "00:18:43", "end": "00:18:48", "text": "they're already making some crazy"}, {"start": "00:18:45", "end": "00:18:52", "text": "robots, right? And those of you guys"}, {"start": "00:18:48", "end": "00:18:52", "text": "that have seen um"}, {"start": "00:18:52", "end": "00:18:57", "text": "[sighs]"}, {"start": "00:18:53", "end": "00:18:57", "text": "Oh, what's that show on Netflix?"}, {"start": "00:18:57", "end": "00:19:00", "text": "Shoot."}, {"start": "00:19:02", "end": "00:19:06", "text": "Oh, I'm drawing him. Oh, Black Mirror on"}, {"start": "00:19:05", "end": "00:19:10", "text": "um"}, {"start": "00:19:06", "end": "00:19:13", "text": "on Netflix. The one with that robotic"}, {"start": "00:19:10", "end": "00:19:14", "text": "dog, the the security dog."}, {"start": "00:19:13", "end": "00:19:17", "text": "It's gonna be like that. You don't you"}, {"start": "00:19:14", "end": "00:19:20", "text": "don't even need human androids."}, {"start": "00:19:17", "end": "00:19:22", "text": "You don't need human robots to do it to"}, {"start": "00:19:20", "end": "00:19:26", "text": "do, you know, to fight battles and go"}, {"start": "00:19:22", "end": "00:19:28", "text": "into war with. Worst do security. You"}, {"start": "00:19:26", "end": "00:19:31", "text": "have like robot dogs, robot, you know,"}, {"start": "00:19:28", "end": "00:19:35", "text": "things that with guns on top of them."}, {"start": "00:19:31", "end": "00:19:35", "text": "They'll be quite capable."}, {"start": "00:19:35", "end": "00:19:40", "text": "Same thing with drones. They already"}, {"start": "00:19:37", "end": "00:19:40", "text": "have attack drones."}, {"start": "00:20:20", "end": "00:20:25", "text": "By the way, the other day has nothing to"}, {"start": "00:20:22", "end": "00:20:27", "text": "do with anything, but I watched the"}, {"start": "00:20:25", "end": "00:20:30", "text": "movie Back Rooms on Amazon since you"}, {"start": "00:20:27", "end": "00:20:35", "text": "could rent it. What a horrible movie."}, {"start": "00:20:30", "end": "00:20:38", "text": "Such an interesting premise and uh the"}, {"start": "00:20:35", "end": "00:20:42", "text": "ending, the explanation, all that. It's"}, {"start": "00:20:38", "end": "00:20:46", "text": "utterly nonsense. They completely ruined"}, {"start": "00:20:42", "end": "00:20:48", "text": "such an interesting concept for a movie."}, {"start": "00:20:46", "end": "00:20:50", "text": "I'm I'm assuming it's based off some"}, {"start": "00:20:48", "end": "00:20:55", "text": "book or whatever, right? Some some"}, {"start": "00:20:50", "end": "00:20:57", "text": "psychological like nonsense book."}, {"start": "00:20:55", "end": "00:21:00", "text": "Um,"}, {"start": "00:20:57", "end": "00:21:04", "text": "yeah. Anyways, very very disappointed."}, {"start": "00:21:00", "end": "00:21:05", "text": "Very disappointed in that movie."}, {"start": "00:21:04", "end": "00:21:09", "text": "They could have done much better job"}, {"start": "00:21:05", "end": "00:21:09", "text": "with that movie. [snorts]"}, {"start": "00:21:45", "end": "00:21:50", "text": "was created by a YouTuber."}, {"start": "00:21:49", "end": "00:21:53", "text": "Well, then that makes sense because the"}, {"start": "00:21:50", "end": "00:21:55", "text": "ending sucked."}, {"start": "00:21:53", "end": "00:21:57", "text": "It It was a complete utter waste of my"}, {"start": "00:21:55", "end": "00:21:59", "text": "time."}, {"start": "00:21:57", "end": "00:22:02", "text": "Do I still have a Cybert truck? Yes."}, {"start": "00:21:59", "end": "00:22:04", "text": "Yes, I do."}, {"start": "00:22:02", "end": "00:22:07", "text": "Obsession is wild. Must see it. Yeah, I"}, {"start": "00:22:04", "end": "00:22:08", "text": "I was go watch it the other day, but I I"}, {"start": "00:22:07", "end": "00:22:10", "text": "have my kids with me. I'm thinking they"}, {"start": "00:22:08", "end": "00:22:13", "text": "probably shouldn't see it. Inappropriate"}, {"start": "00:22:10", "end": "00:22:16", "text": "for them, but I guess I guess the"}, {"start": "00:22:13", "end": "00:22:19", "text": "premise is this guy had some wishing"}, {"start": "00:22:16", "end": "00:22:22", "text": "thing and wished a girl to love him and"}, {"start": "00:22:19", "end": "00:22:23", "text": "that's how she became obsessive. I"}, {"start": "00:22:22", "end": "00:22:26", "text": "didn't know that. I think it would have"}, {"start": "00:22:23", "end": "00:22:27", "text": "been more [snorts] I think it would have"}, {"start": "00:22:26", "end": "00:22:29", "text": "made more sense. I didn't watch it, but"}, {"start": "00:22:27", "end": "00:22:30", "text": "I think it would have made more sense if"}, {"start": "00:22:29", "end": "00:22:33", "text": "you just had some crazy girl that's"}, {"start": "00:22:30", "end": "00:22:35", "text": "obsessed rather than some magical stick"}, {"start": "00:22:33", "end": "00:22:40", "text": "that made her that way. Um, that"}, {"start": "00:22:35", "end": "00:22:44", "text": "probably would have been better, but"}, {"start": "00:22:40", "end": "00:22:44", "text": "I'll probably watch that."}, {"start": "00:22:56", "end": "00:22:59", "text": "They're going to raise the rates to fund"}, {"start": "00:22:57", "end": "00:23:02", "text": "the war. I I don't think that's why"}, {"start": "00:22:59", "end": "00:23:04", "text": "they're raising."}, {"start": "00:23:02", "end": "00:23:05", "text": "They're raising because inflation is up"}, {"start": "00:23:04", "end": "00:23:08", "text": "and they have to do something about it."}, {"start": "00:23:05", "end": "00:23:10", "text": "There's only two things that the Fed"}, {"start": "00:23:08", "end": "00:23:14", "text": "worries about, right? If you break it"}, {"start": "00:23:10", "end": "00:23:16", "text": "down, there's only two things. One is to"}, {"start": "00:23:14", "end": "00:23:18", "text": "stabilize"}, {"start": "00:23:16", "end": "00:23:20", "text": "inflation."}, {"start": "00:23:18", "end": "00:23:22", "text": "Okay? Bring it down to their mandate of"}, {"start": "00:23:20", "end": "00:23:25", "text": "two to three%. That's it. That's their"}, {"start": "00:23:22", "end": "00:23:27", "text": "biggest mission. Second mission is to"}, {"start": "00:23:25", "end": "00:23:29", "text": "prevent banks, other banks from"}, {"start": "00:23:27", "end": "00:23:32", "text": "collapsing."}, {"start": "00:23:29", "end": "00:23:35", "text": "Okay? So during recessions, what do they"}, {"start": "00:23:32", "end": "00:23:39", "text": "do? They cut rates and they buy junk"}, {"start": "00:23:35", "end": "00:23:41", "text": "bonds. That's it."}, {"start": "00:23:39", "end": "00:23:43", "text": "And in really good times when they want"}, {"start": "00:23:41", "end": "00:23:46", "text": "to slow things down, they raise rates"}, {"start": "00:23:43", "end": "00:23:48", "text": "and they sell off their bonds. That's"}, {"start": "00:23:46", "end": "00:23:51", "text": "the only two things the Fed does."}, {"start": "00:23:48", "end": "00:23:55", "text": "Um,"}, {"start": "00:23:51", "end": "00:23:59", "text": "so it it's it's like a band-aid"}, {"start": "00:23:55", "end": "00:24:02", "text": "because they can't really do anything"}, {"start": "00:23:59", "end": "00:24:04", "text": "about the cause of inflation and they've"}, {"start": "00:24:02", "end": "00:24:07", "text": "been really good at dodging that and"}, {"start": "00:24:04", "end": "00:24:11", "text": "answering that."}, {"start": "00:24:07", "end": "00:24:15", "text": "So back in 2020 after COVID, the US"}, {"start": "00:24:11", "end": "00:24:18", "text": "government printed 30% more money. 30%"}, {"start": "00:24:15", "end": "00:24:21", "text": "more money. the overall supply went up"}, {"start": "00:24:18", "end": "00:24:23", "text": "by 30% and inflation was skyhigh and you"}, {"start": "00:24:21", "end": "00:24:26", "text": "know Paul had to pretend like he didn't"}, {"start": "00:24:23", "end": "00:24:28", "text": "know that pretended like oh it's"}, {"start": "00:24:26", "end": "00:24:32", "text": "transtory oh it's just supply chain"}, {"start": "00:24:28", "end": "00:24:34", "text": "issues it's going to go away like he"}, {"start": "00:24:32", "end": "00:24:37", "text": "can't talk about it he can't talk about"}, {"start": "00:24:34", "end": "00:24:39", "text": "well if you increase the money supply by"}, {"start": "00:24:37", "end": "00:24:42", "text": "30% you're gonna get at least 30%"}, {"start": "00:24:39", "end": "00:24:45", "text": "inflation like he can't say that and he"}, {"start": "00:24:42", "end": "00:24:48", "text": "can't stop it either right so like the"}, {"start": "00:24:45", "end": "00:24:52", "text": "Fed is just"}, {"start": "00:24:48", "end": "00:24:54", "text": "it's just a band-aid. A band-aid for a a"}, {"start": "00:24:52", "end": "00:24:56", "text": "broken system."}, {"start": "00:24:54", "end": "00:24:58", "text": "Um,"}, {"start": "00:24:56", "end": "00:25:02", "text": "that's all it is. And all central banks"}, {"start": "00:24:58", "end": "00:25:02", "text": "arguably same thing."}, {"start": "00:25:16", "end": "00:25:19", "text": "What would be a cool story of Earth,"}, {"start": "00:25:17", "end": "00:25:23", "text": "Mars were at war with each other in the"}, {"start": "00:25:19", "end": "00:25:24", "text": "ancient past and we won?"}, {"start": "00:25:23", "end": "00:25:27", "text": "Yeah."}, {"start": "00:25:24", "end": "00:25:29", "text": "I don't know."}, {"start": "00:25:27", "end": "00:25:31", "text": "I don't know. There seemed to be a lot"}, {"start": "00:25:29", "end": "00:25:32", "text": "of things going on the moon. I don't"}, {"start": "00:25:31", "end": "00:25:35", "text": "know if you guys have been paying"}, {"start": "00:25:32", "end": "00:25:37", "text": "attention. Seems like, forget Mars,"}, {"start": "00:25:35", "end": "00:25:39", "text": "there's something going on on the moon,"}, {"start": "00:25:37", "end": "00:25:42", "text": "on the dark side of the moon. We don't"}, {"start": "00:25:39", "end": "00:25:43", "text": "really have any good footage or"}, {"start": "00:25:42", "end": "00:25:45", "text": "pictures."}, {"start": "00:25:43", "end": "00:25:49", "text": "Everything that we have is on the the"}, {"start": "00:25:45", "end": "00:25:50", "text": "light side of the moon. Somehow the moon"}, {"start": "00:25:49", "end": "00:25:53", "text": "doesn't like rotate to the other side."}, {"start": "00:25:50", "end": "00:25:56", "text": "It's like fixed. It it circles around,"}, {"start": "00:25:53", "end": "00:25:59", "text": "but it's fixed facing the earth. So,"}, {"start": "00:25:56", "end": "00:26:00", "text": "they have a dark side. And a lot of"}, {"start": "00:25:59", "end": "00:26:03", "text": "people are like shooting their cameras"}, {"start": "00:26:00", "end": "00:26:05", "text": "up there. And you can see like these"}, {"start": "00:26:03", "end": "00:26:09", "text": "ships that are moving around like all"}, {"start": "00:26:05", "end": "00:26:11", "text": "this crazy alien stuff is happening on"}, {"start": "00:26:09", "end": "00:26:13", "text": "the moon."}, {"start": "00:26:11", "end": "00:26:15", "text": "And uh I don't I don't know if we should"}, {"start": "00:26:13", "end": "00:26:18", "text": "be concerned more concerned about that"}, {"start": "00:26:15", "end": "00:26:18", "text": "or not."}, {"start": "00:26:19", "end": "00:26:24", "text": "All these like"}, {"start": "00:26:21", "end": "00:26:27", "text": "hidden Apollo"}, {"start": "00:26:24", "end": "00:26:27", "text": "missions."}, {"start": "00:26:29", "end": "00:26:33", "text": "Maybe Elon knows about it. That's why he"}, {"start": "00:26:31", "end": "00:26:35", "text": "wants to create moon bases up there. I"}, {"start": "00:26:33", "end": "00:26:38", "text": "don't know. Maybe he wants to get up"}, {"start": "00:26:35", "end": "00:26:38", "text": "there."}, {"start": "00:26:48", "end": "00:26:52", "text": "Can you briefly discuss the process you"}, {"start": "00:26:50", "end": "00:26:54", "text": "do to code these Clash video games you"}, {"start": "00:26:52", "end": "00:26:58", "text": "have created? They're impressive. Thank"}, {"start": "00:26:54", "end": "00:27:02", "text": "you. I appreciate that. I mean, just I"}, {"start": "00:26:58", "end": "00:27:05", "text": "utilize AI a lot. I I vibe code"}, {"start": "00:27:02", "end": "00:27:07", "text": "seriously like 14 16 hours a day. I get"}, {"start": "00:27:05", "end": "00:27:09", "text": "very little sleep. It's my passion. and"}, {"start": "00:27:07", "end": "00:27:11", "text": "I love it. But I'm slowing things down a"}, {"start": "00:27:09", "end": "00:27:13", "text": "little bit. But yeah, I just have ideas."}, {"start": "00:27:11", "end": "00:27:15", "text": "I look at what other people do. Some of"}, {"start": "00:27:13", "end": "00:27:18", "text": "the games that I like or I played in the"}, {"start": "00:27:15", "end": "00:27:20", "text": "past and just come out with them. Uh I"}, {"start": "00:27:18", "end": "00:27:22", "text": "am working on something that's not a"}, {"start": "00:27:20", "end": "00:27:24", "text": "game. I am working on two things still."}, {"start": "00:27:22", "end": "00:27:26", "text": "One is a game. It's going to be a very"}, {"start": "00:27:24", "end": "00:27:28", "text": "big one that people I think will really"}, {"start": "00:27:26", "end": "00:27:32", "text": "love and you could play it for hours and"}, {"start": "00:27:28", "end": "00:27:33", "text": "hours and hours. Um,"}, {"start": "00:27:32", "end": "00:27:36", "text": "so there's there's that one game that"}, {"start": "00:27:33", "end": "00:27:40", "text": "I'm working on that's left"}, {"start": "00:27:36", "end": "00:27:44", "text": "and then uh there's another project that"}, {"start": "00:27:40", "end": "00:27:48", "text": "is not game but"}, {"start": "00:27:44", "end": "00:27:50", "text": "will be the next phase of clash project."}, {"start": "00:27:48", "end": "00:27:53", "text": "So we already have"}, {"start": "00:27:50", "end": "00:27:55", "text": "we already have"}, {"start": "00:27:53", "end": "00:27:57", "text": "you know our gaming hub and I made front"}, {"start": "00:27:55", "end": "00:28:00", "text": "line really I upgrade front line"}, {"start": "00:27:57", "end": "00:28:02", "text": "yesterday. So if you do play now, it's"}, {"start": "00:28:00", "end": "00:28:06", "text": "much faster, much more fun. It's a team"}, {"start": "00:28:02", "end": "00:28:09", "text": "based thing now. Um,"}, {"start": "00:28:06", "end": "00:28:12", "text": "so we got the gaming hub now. We have"}, {"start": "00:28:09", "end": "00:28:14", "text": "Ask Clash, obviously the AI intelligence"}, {"start": "00:28:12", "end": "00:28:16", "text": "hub. We have Clash Pix, which is the"}, {"start": "00:28:14", "end": "00:28:18", "text": "prediction markets hub. They're all"}, {"start": "00:28:16", "end": "00:28:21", "text": "connected together"}, {"start": "00:28:18", "end": "00:28:23", "text": "with one login with P Clash, with Clash,"}, {"start": "00:28:21", "end": "00:28:25", "text": "the leaderboard. There's going to be a"}, {"start": "00:28:23", "end": "00:28:28", "text": "fourth thing that comes out and a lot of"}, {"start": "00:28:25", "end": "00:28:29", "text": "you guys very cryptoreated"}, {"start": "00:28:28", "end": "00:28:32", "text": "a lot of you guys will love it"}, {"start": "00:28:29", "end": "00:28:35", "text": "especially the dgens"}, {"start": "00:28:32", "end": "00:28:36", "text": "and I will say clash holders and"}, {"start": "00:28:35", "end": "00:28:40", "text": "leaderboard"}, {"start": "00:28:36", "end": "00:28:43", "text": "people will really benefit"}, {"start": "00:28:40", "end": "00:28:47", "text": "uh benefit short term and long term is"}, {"start": "00:28:43", "end": "00:28:49", "text": "something even better that's coming. So,"}, {"start": "00:28:47", "end": "00:28:52", "text": "I'll just say that that is my next thing"}, {"start": "00:28:49", "end": "00:28:54", "text": "for Clash and it's going to be it's"}, {"start": "00:28:52", "end": "00:28:56", "text": "going to be awesome. I'll release about"}, {"start": "00:28:54", "end": "00:28:58", "text": "the end of the week. I'm doing security"}, {"start": "00:28:56", "end": "00:29:01", "text": "hardenings right now. It looks great."}, {"start": "00:28:58", "end": "00:29:04", "text": "It's basically done."}, {"start": "00:29:01", "end": "00:29:08", "text": "It's going to be"}, {"start": "00:29:04", "end": "00:29:08", "text": "it's going to be fantastic."}, {"start": "00:29:11", "end": "00:29:16", "text": "So, get that class score up. Get your"}, {"start": "00:29:14", "end": "00:29:19", "text": "clash holdings up"}, {"start": "00:29:16", "end": "00:29:21", "text": "and get some soul. I'll put it that way."}, {"start": "00:29:19", "end": "00:29:24", "text": "Get some soul, too."}, {"start": "00:29:21", "end": "00:29:27", "text": "Get Get all of it up. You're going to"}, {"start": "00:29:24", "end": "00:29:27", "text": "need it."}, {"start": "00:29:39", "end": "00:29:44", "text": "Clash Jam is fun. Clash card is fun."}, {"start": "00:29:42", "end": "00:29:45", "text": "Anger crypto is fun. I mean, you could"}, {"start": "00:29:44", "end": "00:29:48", "text": "argue all front line is really good,"}, {"start": "00:29:45", "end": "00:29:52", "text": "too. They're all really good. I spent a"}, {"start": "00:29:48", "end": "00:29:52", "text": "lot of time on all these."}, {"start": "00:30:09", "end": "00:30:12", "text": "I don't believe War wants to go down a"}, {"start": "00:30:11", "end": "00:30:15", "text": "history as a guy who shatter illusion of"}, {"start": "00:30:12", "end": "00:30:19", "text": "the Fed being independent. It doesn't"}, {"start": "00:30:15", "end": "00:30:20", "text": "matter even War wanted to"}, {"start": "00:30:19", "end": "00:30:24", "text": "like it would not matter because you"}, {"start": "00:30:20", "end": "00:30:27", "text": "need the entire governors to vote on it."}, {"start": "00:30:24", "end": "00:30:29", "text": "Even if he voted no, I want to hold"}, {"start": "00:30:27", "end": "00:30:33", "text": "everyone vote votes hike. You still have"}, {"start": "00:30:29", "end": "00:30:34", "text": "to hike. But"}, {"start": "00:30:33", "end": "00:30:36", "text": "yeah, I think he still wants to stay"}, {"start": "00:30:34", "end": "00:30:40", "text": "independent, have that illusion of"}, {"start": "00:30:36", "end": "00:30:40", "text": "staying independent."}, {"start": "00:31:06", "end": "00:31:10", "text": "How will all these projects be connected"}, {"start": "00:31:07", "end": "00:31:12", "text": "to Clashcoin? The revenues are used to"}, {"start": "00:31:10", "end": "00:31:16", "text": "buy Clash. That's that's really that's"}, {"start": "00:31:12", "end": "00:31:18", "text": "all you need to care about."}, {"start": "00:31:16", "end": "00:31:18", "text": ">> [snorts]"}, {"start": "00:31:19", "end": "00:31:25", "text": ">> They're all connected."}, {"start": "00:31:22", "end": "00:31:28", "text": "They're all connected. Subs, the fees"}, {"start": "00:31:25", "end": "00:31:32", "text": "from Clash Pix, you know, subscription"}, {"start": "00:31:28", "end": "00:31:35", "text": "from Ask Clash and the games and this"}, {"start": "00:31:32", "end": "00:31:41", "text": "new project, the fees collected will all"}, {"start": "00:31:35", "end": "00:31:41", "text": "be used to buy Clash for the Treasury."}, {"start": "00:31:52", "end": "00:31:56", "text": "Can we make sure our clash points and"}, {"start": "00:31:53", "end": "00:31:59", "text": "score reflect what we hold on exchange?"}, {"start": "00:31:56", "end": "00:32:02", "text": "Um, unless you're connected, we can't be"}, {"start": "00:31:59", "end": "00:32:04", "text": "for sure. Through soul scan, we could"}, {"start": "00:32:02", "end": "00:32:07", "text": "see all the we could see all the people"}, {"start": "00:32:04", "end": "00:32:09", "text": "that are holding, but you got to go into"}, {"start": "00:32:07", "end": "00:32:12", "text": "your account on Clash Project and"}, {"start": "00:32:09", "end": "00:32:14", "text": "connect their wallet. Otherwise, we"}, {"start": "00:32:12", "end": "00:32:17", "text": "can't verify who you are,"}, {"start": "00:32:14", "end": "00:32:19", "text": "right? So, if you go into Clash Project"}, {"start": "00:32:17", "end": "00:32:23", "text": "and connect your wallets and you can"}, {"start": "00:32:19", "end": "00:32:26", "text": "connect multiple wallets, then you know"}, {"start": "00:32:23", "end": "00:32:29", "text": "the score will be tallied up. But until"}, {"start": "00:32:26", "end": "00:32:30", "text": "then, we can't"}, {"start": "00:32:29", "end": "00:32:33", "text": "we can't accurately assign a score"}, {"start": "00:32:30", "end": "00:32:35", "text": "without verifying who you are. I mean,"}, {"start": "00:32:33", "end": "00:32:38", "text": "we could still assign a score to a"}, {"start": "00:32:35", "end": "00:32:40", "text": "random wallet, which we do, but we we"}, {"start": "00:32:38", "end": "00:32:42", "text": "won't be able to associate that to your"}, {"start": "00:32:40", "end": "00:32:42", "text": "account."}, {"start": "00:32:45", "end": "00:32:47", "text": ">> [snorts]"}, {"start": "00:33:20", "end": "00:33:24", "text": ">> Someone asked, \"What's the deal with"}, {"start": "00:33:21", "end": "00:33:26", "text": "Arbitrum?\""}, {"start": "00:33:24", "end": "00:33:29", "text": "I don't know."}, {"start": "00:33:26", "end": "00:33:30", "text": "I don't know. Robin Hood,"}, {"start": "00:33:29", "end": "00:33:33", "text": "you know, Robin Hood has been doing"}, {"start": "00:33:30", "end": "00:33:36", "text": "well. They're on Arbitrum. They brought"}, {"start": "00:33:33", "end": "00:33:40", "text": "a lot of enthusiasm to it. There's a new"}, {"start": "00:33:36", "end": "00:33:44", "text": "launcher called Pond on Arbitum I think"}, {"start": "00:33:40", "end": "00:33:48", "text": "that's doing very well. So"}, {"start": "00:33:44", "end": "00:33:48", "text": "could be the reason why."}, {"start": "00:33:48", "end": "00:33:55", "text": "It seems like Zcash is also doing very"}, {"start": "00:33:52", "end": "00:33:55", "text": "well today."}, {"start": "00:34:15", "end": "00:34:20", "text": "Yeah, George and Machine, I'm not going"}, {"start": "00:34:17", "end": "00:34:22", "text": "to be doing that. No, you guys are not"}, {"start": "00:34:20", "end": "00:34:24", "text": "idiots. You're not an idiot. I'm not"}, {"start": "00:34:22", "end": "00:34:27", "text": "going to create a how-to video on how to"}, {"start": "00:34:24", "end": "00:34:31", "text": "use the market cap or how to use the"}, {"start": "00:34:27", "end": "00:34:35", "text": "token screener or how to pull up a FOMC"}, {"start": "00:34:31", "end": "00:34:37", "text": "page to show the rate decision. Okay?"}, {"start": "00:34:35", "end": "00:34:40", "text": "You guys are not 5-year-olds. You don't"}, {"start": "00:34:37", "end": "00:34:42", "text": "need that. You could simply click"}, {"start": "00:34:40", "end": "00:34:45", "text": "through and see what each one does and"}, {"start": "00:34:42", "end": "00:34:45", "text": "that's it."}, {"start": "00:34:53", "end": "00:35:02", "text": "Do I still des? No, I do not."}, {"start": "00:34:58", "end": "00:35:04", "text": "I da into the big caps"}, {"start": "00:35:02", "end": "00:35:07", "text": "like soul."}, {"start": "00:35:04", "end": "00:35:09", "text": "Pretty much just Bitcoin and soul. Some"}, {"start": "00:35:07", "end": "00:35:12", "text": "clash."}, {"start": "00:35:09", "end": "00:35:15", "text": "That's it. I don't really DCA into a lot"}, {"start": "00:35:12", "end": "00:35:15", "text": "right now."}, {"start": "00:35:25", "end": "00:35:30", "text": "No, I I'm not I don't even DC into ETH."}, {"start": "00:35:29", "end": "00:35:34", "text": "I [clears throat] sold off all my ETH a"}, {"start": "00:35:30", "end": "00:35:38", "text": "long time ago. I have very little now,"}, {"start": "00:35:34", "end": "00:35:42", "text": "but I maintain that"}, {"start": "00:35:38", "end": "00:35:47", "text": "souls go eat into"}, {"start": "00:35:42", "end": "00:35:50", "text": "souls go eat into ETH dominance and"}, {"start": "00:35:47", "end": "00:35:52", "text": "overtake them someday."}, {"start": "00:35:50", "end": "00:35:54", "text": "They already have from a metric"}, {"start": "00:35:52", "end": "00:35:57", "text": "standpoint, they already have more"}, {"start": "00:35:54", "end": "00:36:01", "text": "volume, more revenue, more everything."}, {"start": "00:35:57", "end": "00:36:03", "text": "Um the only thing they don't"}, {"start": "00:36:01", "end": "00:36:06", "text": "They don't have as much as TVL right"}, {"start": "00:36:03", "end": "00:36:09", "text": "now, but everything else they already"}, {"start": "00:36:06", "end": "00:36:12", "text": "beat Ethereum. And so I still think"}, {"start": "00:36:09", "end": "00:36:15", "text": "there's going to be a flipping"}, {"start": "00:36:12", "end": "00:36:20", "text": "at some point. Maybe not anytime soon,"}, {"start": "00:36:15", "end": "00:36:20", "text": "but it's going to happen."}, {"start": "00:36:45", "end": "00:36:48", "text": ">> [snorts]"}, {"start": "00:36:46", "end": "00:36:50", "text": ">> I mean, if you look at how the the"}, {"start": "00:36:48", "end": "00:36:52", "text": "market is now,"}, {"start": "00:36:50", "end": "00:36:55", "text": "the fact that we're in green right now"}, {"start": "00:36:52", "end": "00:36:57", "text": "and tech is going up"}, {"start": "00:36:55", "end": "00:37:00", "text": "kind of gives you a a clue of what's"}, {"start": "00:36:57", "end": "00:37:02", "text": "going to happen after FOMC meeting."}, {"start": "00:37:00", "end": "00:37:05", "text": "Unless something drastically comes out"}, {"start": "00:37:02", "end": "00:37:07", "text": "that's different than what people think."}, {"start": "00:37:05", "end": "00:37:10", "text": "and everyone already thinks we're going"}, {"start": "00:37:07", "end": "00:37:12", "text": "to get a 25 basis point hike and it's"}, {"start": "00:37:10", "end": "00:37:14", "text": "locked in. So unless something comes"}, {"start": "00:37:12", "end": "00:37:18", "text": "out, they do like something more drastic"}, {"start": "00:37:14", "end": "00:37:20", "text": "like we're gonna do a 50 basis point or"}, {"start": "00:37:18", "end": "00:37:22", "text": "WH announces something stupid like the"}, {"start": "00:37:20", "end": "00:37:27", "text": "next three meetings we're going to"}, {"start": "00:37:22", "end": "00:37:28", "text": "raise, you know, 25 basis point and"}, {"start": "00:37:27", "end": "00:37:32", "text": "we're going to have a full one"}, {"start": "00:37:28", "end": "00:37:34", "text": "percentage point higher by January or"}, {"start": "00:37:32", "end": "00:37:35", "text": "something like that. You know, unless"}, {"start": "00:37:34", "end": "00:37:38", "text": "say like he just says something really"}, {"start": "00:37:35", "end": "00:37:40", "text": "stupid or hawkish."}, {"start": "00:37:38", "end": "00:37:42", "text": "people are anticipating. Okay, we're"}, {"start": "00:37:40", "end": "00:37:45", "text": "gonna get Ray hike. Let's move forward."}, {"start": "00:37:42", "end": "00:37:47", "text": "Let's not miss out on anything."}, {"start": "00:37:45", "end": "00:37:49", "text": "So, that's what it's looking like right"}, {"start": "00:37:47", "end": "00:37:53", "text": "now. Normally, this doesn't happen."}, {"start": "00:37:49", "end": "00:37:55", "text": "Normally, during FOMC day,"}, {"start": "00:37:53", "end": "00:37:57", "text": "you have a big sell-off. So, guess"}, {"start": "00:37:55", "end": "00:37:59", "text": "investors just really don't care at this"}, {"start": "00:37:57", "end": "00:38:02", "text": "point."}, {"start": "00:37:59", "end": "00:38:05", "text": "But, who knows? Who knows? Paula has"}, {"start": "00:38:02", "end": "00:38:08", "text": "done a lot of press conferences that has"}, {"start": "00:38:05", "end": "00:38:11", "text": "gone against conventional wisdom. I"}, {"start": "00:38:08", "end": "00:38:14", "text": "guess said a lot of things that he"}, {"start": "00:38:11", "end": "00:38:17", "text": "should not have and caused a lot of"}, {"start": "00:38:14", "end": "00:38:18", "text": "volatility when he didn't need to. So I"}, {"start": "00:38:17", "end": "00:38:22", "text": "I don't know if Wars is going to do"}, {"start": "00:38:18", "end": "00:38:22", "text": "that. Hopefully not."}, {"start": "00:38:30", "end": "00:38:36", "text": "All right, that's it. That's it, guys."}, {"start": "00:38:34", "end": "00:38:38", "text": "Have a good one. We'll see what happens"}, {"start": "00:38:36", "end": "00:38:40", "text": "during Apple MC meeting. Got like what?"}, {"start": "00:38:38", "end": "00:38:43", "text": "Four hours"}, {"start": "00:38:40", "end": "00:38:46", "text": "four hours to go until that press"}, {"start": "00:38:43", "end": "00:38:49", "text": "conference. We'll see. Right now, even"}, {"start": "00:38:46", "end": "00:38:49", "text": "though we did have a flush,"}, {"start": "00:38:50", "end": "00:38:55", "text": "we're still doing okay. We're doing"}, {"start": "00:38:52", "end": "00:38:59", "text": "okay. And the and the tech industry is"}, {"start": "00:38:55", "end": "00:39:02", "text": "doing okay today, too. So, that's a big"}, {"start": "00:38:59", "end": "00:39:04", "text": "that's a big thing. All right, smash it"}, {"start": "00:39:02", "end": "00:39:07", "text": "a like. Subscribe to the channel. Have a"}, {"start": "00:39:04", "end": "00:39:07", "text": "good one, guys. Take care."}]

[{"start": "00:00:03", "end": "00:00:10", "text": "Welcome back to Cryptos Us. I'm George."}, {"start": "00:00:08", "end": "00:00:12", "text": "We're all George. I have some camera"}, {"start": "00:00:10", "end": "00:00:13", "text": "issues right now."}, {"start": "00:00:12", "end": "00:00:16", "text": "[gasps] I don't know what's going on"}, {"start": "00:00:13", "end": "00:00:19", "text": "with my camera. It looks uh kind of"}, {"start": "00:00:16", "end": "00:00:24", "text": "freaky right now."}, {"start": "00:00:19", "end": "00:00:29", "text": "Uh I'm gonna have to redo this somehow."}, {"start": "00:00:24", "end": "00:00:29", "text": "Oh boy. I can't get this going."}, {"start": "00:00:37", "end": "00:00:40", "text": ">> [snorts]"}, {"start": "00:00:43", "end": "00:00:45", "text": "[clears throat]"}, {"start": "00:00:47", "end": "00:00:54", "text": ">> All right, I should be I should be back"}, {"start": "00:00:49", "end": "00:00:55", "text": "now. Got my camera fixed. So, welcome"}, {"start": "00:00:54", "end": "00:00:59", "text": "back"}, {"start": "00:00:55", "end": "00:01:02", "text": "to Cryptos are Us. I am George."}, {"start": "00:00:59", "end": "00:01:04", "text": "We're all George. Uh, welcome to another"}, {"start": "00:01:02", "end": "00:01:08", "text": "market open stream. Although I I just"}, {"start": "00:01:04", "end": "00:01:11", "text": "had some technical difficulties."}, {"start": "00:01:08", "end": "00:01:14", "text": "Um, today we got to talk about, you"}, {"start": "00:01:11", "end": "00:01:19", "text": "know, a couple things. There's a yield"}, {"start": "00:01:14", "end": "00:01:22", "text": "shock that's coming. We also have"}, {"start": "00:01:19", "end": "00:01:25", "text": "many different"}, {"start": "00:01:22", "end": "00:01:29", "text": "forces at play that's trying to hold"}, {"start": "00:01:25", "end": "00:01:31", "text": "markets and Bitcoin and crypto down. So,"}, {"start": "00:01:29", "end": "00:01:36", "text": "let's talk about it. Let's talk about"}, {"start": "00:01:31", "end": "00:01:40", "text": "everything that's going on in the space"}, {"start": "00:01:36", "end": "00:01:43", "text": "right now. All right, let's do it, guys."}, {"start": "00:01:40", "end": "00:01:45", "text": "Welcome, welcome, welcome."}, {"start": "00:01:43", "end": "00:01:47", "text": "We are starting out a day unfortunately"}, {"start": "00:01:45", "end": "00:01:50", "text": "a little bit lower"}, {"start": "00:01:47", "end": "00:01:53", "text": "than yesterday."}, {"start": "00:01:50", "end": "00:01:57", "text": "Uh but overall we're going sideways. But"}, {"start": "00:01:53", "end": "00:02:01", "text": "you could see we're at 767."}, {"start": "00:01:57", "end": "00:02:04", "text": "We were actually above 80 or close to"}, {"start": "00:02:01", "end": "00:02:08", "text": "80,000 at one point. 796"}, {"start": "00:02:04", "end": "00:02:11", "text": "but yeah we're going sideways"}, {"start": "00:02:08", "end": "00:02:12", "text": "which isn't a really bad thing at this"}, {"start": "00:02:11", "end": "00:02:16", "text": "point. And I know we're all waiting for"}, {"start": "00:02:12", "end": "00:02:18", "text": "that next leg up. I am too. But going"}, {"start": "00:02:16", "end": "00:02:21", "text": "sideways, that's the name of the game."}, {"start": "00:02:18", "end": "00:02:24", "text": "Hey, we've been going sideways for nine"}, {"start": "00:02:21", "end": "00:02:27", "text": "months now. [clears throat]"}, {"start": "00:02:24", "end": "00:02:32", "text": "What's another month or two?"}, {"start": "00:02:27", "end": "00:02:34", "text": "Today, the US market is opening up red."}, {"start": "00:02:32", "end": "00:02:37", "text": "That's to be expected because we have a"}, {"start": "00:02:34", "end": "00:02:40", "text": "lot of macro stuff that we're dealing"}, {"start": "00:02:37", "end": "00:02:42", "text": "with. As for the yield I was talking"}, {"start": "00:02:40", "end": "00:02:44", "text": "about, 10-year yield rises to highest"}, {"start": "00:02:42", "end": "00:02:47", "text": "level"}, {"start": "00:02:44", "end": "00:02:50", "text": "since 2007."}, {"start": "00:02:47", "end": "00:02:55", "text": "It's like 20 years."}, {"start": "00:02:50", "end": "00:02:59", "text": "Okay. 10 10 year yield is now over 5%. I"}, {"start": "00:02:55", "end": "00:03:02", "text": "don't again I I I don't recall that"}, {"start": "00:02:59", "end": "00:03:05", "text": "you know uh because I wasn't really"}, {"start": "00:03:02", "end": "00:03:07", "text": "studying markets as much as I am now 20"}, {"start": "00:03:05", "end": "00:03:09", "text": "years ago. But yeah, I guess it happened"}, {"start": "00:03:07", "end": "00:03:12", "text": "20 years ago. But like I since I've"}, {"start": "00:03:09", "end": "00:03:14", "text": "started doing this, I have not seen that"}, {"start": "00:03:12", "end": "00:03:18", "text": "happen. And obviously the 20 year or 30"}, {"start": "00:03:14", "end": "00:03:21", "text": "year or even higher. Right now no one"}, {"start": "00:03:18", "end": "00:03:24", "text": "wants those IUs, those bonds, okay,"}, {"start": "00:03:21", "end": "00:03:29", "text": "those yields. People are afraid."}, {"start": "00:03:24", "end": "00:03:31", "text": "What's the point of getting them if fiat"}, {"start": "00:03:29", "end": "00:03:33", "text": "currency or USD is going to go belly up?"}, {"start": "00:03:31", "end": "00:03:36", "text": "The whole thing is going to collapse"}, {"start": "00:03:33", "end": "00:03:38", "text": "upon itself. And plus,"}, {"start": "00:03:36", "end": "00:03:41", "text": "as yield continues to go higher, if you"}, {"start": "00:03:38", "end": "00:03:44", "text": "do buy, they become worthless, right?"}, {"start": "00:03:41", "end": "00:03:47", "text": "Because in another 10 years, if the"}, {"start": "00:03:44", "end": "00:03:50", "text": "10-year yield is at 6 or 7%, good luck"}, {"start": "00:03:47", "end": "00:03:53", "text": "trying to sell your tenure at 5%."}, {"start": "00:03:50", "end": "00:03:56", "text": "Right? So, right now, we got this issue."}, {"start": "00:03:53", "end": "00:03:59", "text": "And it's not just the US. Japan, UK,"}, {"start": "00:03:56", "end": "00:04:01", "text": "other countries are having the same"}, {"start": "00:03:59", "end": "00:04:02", "text": "problem."}, {"start": "00:04:01", "end": "00:04:04", "text": "[snorts]"}, {"start": "00:04:02", "end": "00:04:08", "text": "And we haven't seen oil and treasury"}, {"start": "00:04:04", "end": "00:04:11", "text": "yield move this closely in 7 years. We"}, {"start": "00:04:08", "end": "00:04:14", "text": "know that oil is ticking upwards too."}, {"start": "00:04:11", "end": "00:04:16", "text": "And that's mostly due to the war"}, {"start": "00:04:14", "end": "00:04:18", "text": "situation."}, {"start": "00:04:16", "end": "00:04:21", "text": "But"}, {"start": "00:04:18", "end": "00:04:27", "text": "yeah, it's no good when both are going"}, {"start": "00:04:21", "end": "00:04:27", "text": "up at the same time."}, {"start": "00:04:27", "end": "00:04:33", "text": "So today is going to be volatile."}, {"start": "00:04:30", "end": "00:04:36", "text": "Okay. leading up to tomorrow. Today the"}, {"start": "00:04:33", "end": "00:04:38", "text": "FCC meeting starts, the two-day meeting"}, {"start": "00:04:36", "end": "00:04:40", "text": "starts, and tomorrow is the pre press"}, {"start": "00:04:38", "end": "00:04:42", "text": "conference."}, {"start": "00:04:40", "end": "00:04:45", "text": "Unfortunately, we are locked in with"}, {"start": "00:04:42", "end": "00:04:47", "text": "high oil prices,"}, {"start": "00:04:45", "end": "00:04:50", "text": "with high"}, {"start": "00:04:47", "end": "00:04:52", "text": "bond yields,"}, {"start": "00:04:50", "end": "00:04:55", "text": "right? They're about to go higher"}, {"start": "00:04:52", "end": "00:04:58", "text": "because there's a 92.5%"}, {"start": "00:04:55", "end": "00:05:01", "text": "chance there will be a rate hike"}, {"start": "00:04:58", "end": "00:05:03", "text": "tomorrow. And this will be very"}, {"start": "00:05:01", "end": "00:05:06", "text": "unfortunate. We've been talking about"}, {"start": "00:05:03", "end": "00:05:08", "text": "cuts all year. We had a few cuts and"}, {"start": "00:05:06", "end": "00:05:12", "text": "then we were talking about more cuts and"}, {"start": "00:05:08", "end": "00:05:14", "text": "suddenly we had no more cuts and now we"}, {"start": "00:05:12", "end": "00:05:17", "text": "have completely reversed and we're"}, {"start": "00:05:14", "end": "00:05:20", "text": "talking about hikes and it's not just"}, {"start": "00:05:17", "end": "00:05:22", "text": "with this meeting. The next meeting too"}, {"start": "00:05:20", "end": "00:05:26", "text": "96%."}, {"start": "00:05:22", "end": "00:05:29", "text": "And then the one after that is 98.8% 8%"}, {"start": "00:05:26", "end": "00:05:32", "text": "chance and then the one after that 99"}, {"start": "00:05:29", "end": "00:05:35", "text": "point I mean it is looking bad right"}, {"start": "00:05:32", "end": "00:05:37", "text": "now. Okay, this curve is looking like we"}, {"start": "00:05:35", "end": "00:05:41", "text": "want to move up"}, {"start": "00:05:37", "end": "00:05:45", "text": "for the rest of basically [laughter]"}, {"start": "00:05:41", "end": "00:05:48", "text": "2027 too until probably tops out around"}, {"start": "00:05:45", "end": "00:05:50", "text": "September October. Uh it's looking bad"}, {"start": "00:05:48", "end": "00:05:52", "text": "right now."}, {"start": "00:05:50", "end": "00:05:53", "text": "The good thing is markets seems to have"}, {"start": "00:05:52", "end": "00:05:55", "text": "priced us in already because you would"}, {"start": "00:05:53", "end": "00:05:59", "text": "figure like yesterday today we would"}, {"start": "00:05:55", "end": "00:06:02", "text": "have fallen a lot more. So markets"}, {"start": "00:05:59", "end": "00:06:05", "text": "does seem like they have priced us in."}, {"start": "00:06:02", "end": "00:06:07", "text": "However, there are a lot of prominent"}, {"start": "00:06:05", "end": "00:06:11", "text": "economists"}, {"start": "00:06:07", "end": "00:06:14", "text": "that warn that the Fed may be making a"}, {"start": "00:06:11", "end": "00:06:18", "text": "serious mistake. While"}, {"start": "00:06:14", "end": "00:06:21", "text": "while the economy is still"}, {"start": "00:06:18", "end": "00:06:23", "text": "rocky and plus inflation is artificial"}, {"start": "00:06:21", "end": "00:06:25", "text": "right now, temporary because of the war"}, {"start": "00:06:23", "end": "00:06:31", "text": "and oil being up."}, {"start": "00:06:25", "end": "00:06:35", "text": "So moving rates up right now may be"}, {"start": "00:06:31", "end": "00:06:38", "text": "a mistake, a giant mistake. We know that"}, {"start": "00:06:35", "end": "00:06:42", "text": "Trump and Vance and administration has"}, {"start": "00:06:38", "end": "00:06:44", "text": "been pushing for cuts, not hikes."}, {"start": "00:06:42", "end": "00:06:47", "text": "That's the reason why this guy was"}, {"start": "00:06:44", "end": "00:06:50", "text": "appointed four cuts."}, {"start": "00:06:47", "end": "00:06:53", "text": "And now with his second of OMC meeting,"}, {"start": "00:06:50", "end": "00:06:54", "text": "he's forced to hike."}, {"start": "00:06:53", "end": "00:06:57", "text": "Maybe there's something drastic that's"}, {"start": "00:06:54", "end": "00:06:59", "text": "going to happen today or tomorrow or"}, {"start": "00:06:57", "end": "00:07:01", "text": "today and tomorrow as they're talking."}, {"start": "00:06:59", "end": "00:07:05", "text": "Maybe they do decide, hey, I don't we"}, {"start": "00:07:01", "end": "00:07:09", "text": "don't care what the the percentages are."}, {"start": "00:07:05", "end": "00:07:09", "text": "We're just going to hold."}, {"start": "00:07:10", "end": "00:07:16", "text": "That would be unprecedented. But"}, {"start": "00:07:13", "end": "00:07:18", "text": "it would send shock waves to the"}, {"start": "00:07:16", "end": "00:07:21", "text": "markets. If it happened in a good way,"}, {"start": "00:07:18", "end": "00:07:24", "text": "we would see the biggest pump that we"}, {"start": "00:07:21", "end": "00:07:27", "text": "probably have haven't seen for 20 years"}, {"start": "00:07:24", "end": "00:07:29", "text": "or something. Um, it would be amazing,"}, {"start": "00:07:27", "end": "00:07:32", "text": "but I don't think that's going to"}, {"start": "00:07:29", "end": "00:07:34", "text": "happen. The chance of that are probably"}, {"start": "00:07:32", "end": "00:07:37", "text": "quite low,"}, {"start": "00:07:34", "end": "00:07:41", "text": "but we will see. See, this is what"}, {"start": "00:07:37", "end": "00:07:43", "text": "markets and Bitcoin is facing."}, {"start": "00:07:41", "end": "00:07:45", "text": "Despite all this, we're holding very"}, {"start": "00:07:43", "end": "00:07:48", "text": "well, going sideways, like I said, which"}, {"start": "00:07:45", "end": "00:07:50", "text": "is pretty amazing. You don't really see"}, {"start": "00:07:48", "end": "00:07:52", "text": "that."}, {"start": "00:07:50", "end": "00:07:54", "text": "Um,"}, {"start": "00:07:52", "end": "00:07:56", "text": "so"}, {"start": "00:07:54", "end": "00:07:58", "text": "[sighs]"}, {"start": "00:07:56", "end": "00:08:03", "text": "yeah, what else?"}, {"start": "00:07:58", "end": "00:08:03", "text": "something outside of this. Uh,"}, {"start": "00:08:03", "end": "00:08:11", "text": "US confirmed for the first time"}, {"start": "00:08:06", "end": "00:08:13", "text": "that we have deployed weapons in space."}, {"start": "00:08:11", "end": "00:08:15", "text": "I thought there was like some kind of"}, {"start": "00:08:13", "end": "00:08:18", "text": "neutrality,"}, {"start": "00:08:15", "end": "00:08:24", "text": "but I guess not."}, {"start": "00:08:18", "end": "00:08:26", "text": "So now the US, our space force,"}, {"start": "00:08:24", "end": "00:08:29", "text": "has confirmed that we do have weapons in"}, {"start": "00:08:26", "end": "00:08:32", "text": "space. So we'll see what happens."}, {"start": "00:08:29", "end": "00:08:34", "text": "how China and Russia reacts"}, {"start": "00:08:32", "end": "00:08:37", "text": "to this news. I think it was always"}, {"start": "00:08:34", "end": "00:08:39", "text": "speculated we did, but now it's"}, {"start": "00:08:37", "end": "00:08:42", "text": "confirmed. And I don't know what kind of"}, {"start": "00:08:39", "end": "00:08:45", "text": "weapons, if they're missiles or like"}, {"start": "00:08:42", "end": "00:08:48", "text": "laser weapons, you know, things that we"}, {"start": "00:08:45", "end": "00:08:52", "text": "see. It wouldn't be a bad idea if we had"}, {"start": "00:08:48", "end": "00:08:53", "text": "a planetary like,"}, {"start": "00:08:52", "end": "00:08:55", "text": "you know, weapon system to protect us"}, {"start": "00:08:53", "end": "00:08:58", "text": "from aliens, even though it would"}, {"start": "00:08:55", "end": "00:09:00", "text": "probably be very useless. Missiles in"}, {"start": "00:08:58", "end": "00:09:02", "text": "space take forever. And if any alien"}, {"start": "00:09:00", "end": "00:09:05", "text": "ship could actually get here to Earth,"}, {"start": "00:09:02", "end": "00:09:10", "text": "they'll be using some advanced shielding"}, {"start": "00:09:05", "end": "00:09:13", "text": "or or laser guns or some kind of weapon"}, {"start": "00:09:10", "end": "00:09:16", "text": "weaponry that's way better than ours."}, {"start": "00:09:13", "end": "00:09:20", "text": "Um,"}, {"start": "00:09:16", "end": "00:09:22", "text": "but that's off topic. But"}, {"start": "00:09:20", "end": "00:09:24", "text": "yeah, I saw that"}, {"start": "00:09:22", "end": "00:09:27", "text": "and I did see this too. This is more"}, {"start": "00:09:24", "end": "00:09:30", "text": "relevant than aliens, I guess. But uh"}, {"start": "00:09:27", "end": "00:09:33", "text": "Trump called in to the all in podcast"}, {"start": "00:09:30", "end": "00:09:37", "text": "conference. He called in while Jensen"}, {"start": "00:09:33", "end": "00:09:40", "text": "when was on stage talking about AI and"}, {"start": "00:09:37", "end": "00:09:43", "text": "video. He called him and then Jensen put"}, {"start": "00:09:40", "end": "00:09:46", "text": "him on the microphone and he actually"}, {"start": "00:09:43", "end": "00:09:48", "text": "said some stuff about AI and he does"}, {"start": "00:09:46", "end": "00:09:51", "text": "he's not a fan of Daario"}, {"start": "00:09:48", "end": "00:09:55", "text": "calling it, you know, trying to be the"}, {"start": "00:09:51", "end": "00:09:57", "text": "the poster boy of safety and he says"}, {"start": "00:09:55", "end": "00:10:01", "text": "America needs to continue forward and we"}, {"start": "00:09:57", "end": "00:10:05", "text": "can't lose this AI race."}, {"start": "00:10:01", "end": "00:10:07", "text": "So kind of kind of wild but but I do"}, {"start": "00:10:05", "end": "00:10:09", "text": "agree we can't"}, {"start": "00:10:07", "end": "00:10:12", "text": "can't lose to another country when it"}, {"start": "00:10:09", "end": "00:10:15", "text": "comes to AI but also agreed there should"}, {"start": "00:10:12", "end": "00:10:18", "text": "be some regulations"}, {"start": "00:10:15", "end": "00:10:20", "text": "make sure safety protocols are followed"}, {"start": "00:10:18", "end": "00:10:24", "text": "and then we're not going to have we're"}, {"start": "00:10:20", "end": "00:10:24", "text": "not creating another Skynet"}, {"start": "00:10:26", "end": "00:10:34", "text": "HDR I'll I'll answer that in Q&A remind"}, {"start": "00:10:30", "end": "00:10:38", "text": "me of that and that would be a that"}, {"start": "00:10:34", "end": "00:10:41", "text": "would be a downgrade in my opinion."}, {"start": "00:10:38", "end": "00:10:41", "text": "Um"}, {"start": "00:10:42", "end": "00:10:48", "text": "yeah. All right, moving on. Distracted"}, {"start": "00:10:46", "end": "00:10:51", "text": "this morning. A lot of different things"}, {"start": "00:10:48", "end": "00:10:54", "text": "happening. Uh what else is going on?"}, {"start": "00:10:51", "end": "00:10:56", "text": "Well, ETF inflow outflow. Yesterday we"}, {"start": "00:10:54", "end": "00:11:00", "text": "reversed"}, {"start": "00:10:56", "end": "00:11:04", "text": "plus 160 million. So"}, {"start": "00:11:00", "end": "00:11:06", "text": "good. And look at ETH plus 121 million."}, {"start": "00:11:04", "end": "00:11:09", "text": "ETH has been on a roll. Look at that."}, {"start": "00:11:06", "end": "00:11:12", "text": "Look at all that inflow."}, {"start": "00:11:09", "end": "00:11:14", "text": "Okay. Even more so than Bitcoin. I mean,"}, {"start": "00:11:12", "end": "00:11:19", "text": "a lot less red for ETH. So, a lot of"}, {"start": "00:11:14", "end": "00:11:22", "text": "people coming in. Soul 11 million, XRP"}, {"start": "00:11:19", "end": "00:11:24", "text": "plus 1 million. Good reversal yesterday."}, {"start": "00:11:22", "end": "00:11:27", "text": "We'll see if that continues today with"}, {"start": "00:11:24", "end": "00:11:31", "text": "all the scariness that's going on. and"}, {"start": "00:11:27", "end": "00:11:33", "text": "pre FOM FOMC press conference."}, {"start": "00:11:31", "end": "00:11:34", "text": "But like I've been saying, this is the"}, {"start": "00:11:33", "end": "00:11:37", "text": "reason why we've been coming off from"}, {"start": "00:11:34", "end": "00:11:40", "text": "bottom and we're recovering because the"}, {"start": "00:11:37", "end": "00:11:43", "text": "cap rotation is coming back in, right?"}, {"start": "00:11:40", "end": "00:11:44", "text": "So overall pretty good. But"}, {"start": "00:11:43", "end": "00:11:47", "text": "unfortunately, we did have a lot of"}, {"start": "00:11:44", "end": "00:11:51", "text": "longs get liquidated. 146 million."}, {"start": "00:11:47", "end": "00:11:51", "text": "Actually, it's a lot higher than that."}, {"start": "00:11:51", "end": "00:11:57", "text": "Lot higher than that. 320 million to be"}, {"start": "00:11:54", "end": "00:11:57", "text": "precise."}, {"start": "00:11:59", "end": "00:12:04", "text": "So unfortunately more on the long side"}, {"start": "00:12:02", "end": "00:12:06", "text": "than the short side. We need to push"}, {"start": "00:12:04", "end": "00:12:09", "text": "upwards. But yeah, this happens every"}, {"start": "00:12:06", "end": "00:12:11", "text": "single time. We have these small little"}, {"start": "00:12:09", "end": "00:12:14", "text": "movements like just a few percentage"}, {"start": "00:12:11", "end": "00:12:17", "text": "coins, one or two%. And somehow we have"}, {"start": "00:12:14", "end": "00:12:20", "text": "massive liquidations. Just imagine how"}, {"start": "00:12:17", "end": "00:12:21", "text": "many people are throwing a 50x 100x"}, {"start": "00:12:20", "end": "00:12:23", "text": "longs."}, {"start": "00:12:21", "end": "00:12:26", "text": "That's the only way to get liquidated."}, {"start": "00:12:23", "end": "00:12:30", "text": "We didn't even move like a 3% So even"}, {"start": "00:12:26", "end": "00:12:32", "text": "like 33% 30% leverage can't get you"}, {"start": "00:12:30", "end": "00:12:35", "text": "liquidated. It has to be something"}, {"start": "00:12:32", "end": "00:12:39", "text": "crazy. This is how much money is out"}, {"start": "00:12:35", "end": "00:12:41", "text": "there being gambled by people, right? If"}, {"start": "00:12:39", "end": "00:12:43", "text": "you want to throw in some 2x, 3x for"}, {"start": "00:12:41", "end": "00:12:47", "text": "long term because you feel like we're"}, {"start": "00:12:43", "end": "00:12:49", "text": "recovering, fine. Don't throw your 50x"}, {"start": "00:12:47", "end": "00:12:51", "text": "or 100x. You you're going to get"}, {"start": "00:12:49", "end": "00:12:53", "text": "liquidated even just with small"}, {"start": "00:12:51", "end": "00:12:55", "text": "movements."}, {"start": "00:12:53", "end": "00:12:57", "text": "It makes no sense. We need more shorts"}, {"start": "00:12:55", "end": "00:12:59", "text": "to be liquidated"}, {"start": "00:12:57", "end": "00:13:01", "text": "so we can get more short squeezes to"}, {"start": "00:12:59", "end": "00:13:03", "text": "drive us higher. That's what we're"}, {"start": "00:13:01", "end": "00:13:06", "text": "looking for."}, {"start": "00:13:03", "end": "00:13:08", "text": "Anyways, yeah, this is what it's looking"}, {"start": "00:13:06", "end": "00:13:11", "text": "like right now. You could see we touched"}, {"start": "00:13:08", "end": "00:13:14", "text": "upon 76. Cleared out a little more"}, {"start": "00:13:11", "end": "00:13:16", "text": "leverage here, but we got a lot to clear"}, {"start": "00:13:14", "end": "00:13:17", "text": "out around the 778"}, {"start": "00:13:16", "end": "00:13:19", "text": "mark,"}, {"start": "00:13:17", "end": "00:13:21", "text": "right? And yesterday, that's what we"}, {"start": "00:13:19", "end": "00:13:23", "text": "did. We we cleared out the leverage on"}, {"start": "00:13:21", "end": "00:13:25", "text": "the upside. Now we're clearing out the"}, {"start": "00:13:23", "end": "00:13:30", "text": "leverage on the downside, but overall if"}, {"start": "00:13:25", "end": "00:13:30", "text": "you zoom out, we're going sideways."}, {"start": "00:13:30", "end": "00:13:34", "text": "Now the other thing we're facing is"}, {"start": "00:13:32", "end": "00:13:36", "text": "this. Today is supposed to be the big"}, {"start": "00:13:34", "end": "00:13:39", "text": "day"}, {"start": "00:13:36", "end": "00:13:41", "text": "whether or not Senate is going to vote"}, {"start": "00:13:39", "end": "00:13:44", "text": "on a clarity act. I don't know when"}, {"start": "00:13:41", "end": "00:13:48", "text": "we're going to get word, but odds are"}, {"start": "00:13:44", "end": "00:13:51", "text": "very unlikely. even yesterday."}, {"start": "00:13:48", "end": "00:13:54", "text": "Seems like many opposed it and just will"}, {"start": "00:13:51", "end": "00:13:57", "text": "not will not approve. So, most likely"}, {"start": "00:13:54", "end": "00:14:00", "text": "it's not going to get done"}, {"start": "00:13:57", "end": "00:14:01", "text": "today. But like I've been saying, I"}, {"start": "00:14:00", "end": "00:14:03", "text": "don't think I think this is to be"}, {"start": "00:14:01", "end": "00:14:05", "text": "expected. I don't think anyone really"}, {"start": "00:14:03", "end": "00:14:08", "text": "thinks that was going to pass today. And"}, {"start": "00:14:05", "end": "00:14:11", "text": "I don't think it's I don't think this is"}, {"start": "00:14:08", "end": "00:14:12", "text": "going to be given up regardless. One way"}, {"start": "00:14:11", "end": "00:14:15", "text": "or another, we're going to get Clarity"}, {"start": "00:14:12", "end": "00:14:16", "text": "Act vote. We're going to get approved."}, {"start": "00:14:15", "end": "00:14:19", "text": "There's a lot of things happening right"}, {"start": "00:14:16", "end": "00:14:22", "text": "now. Democrats seem to want to hold this"}, {"start": "00:14:19", "end": "00:14:27", "text": "back for whatever reason as a political"}, {"start": "00:14:22", "end": "00:14:29", "text": "play before midterms, right? But you"}, {"start": "00:14:27", "end": "00:14:33", "text": "know what? All of our agencies are"}, {"start": "00:14:29", "end": "00:14:37", "text": "already pro crypto. SEC"}, {"start": "00:14:33", "end": "00:14:40", "text": "is pro- crypto. CFTC is pro- crypto. So"}, {"start": "00:14:37", "end": "00:14:44", "text": "when you have our major agencies that"}, {"start": "00:14:40", "end": "00:14:46", "text": "are pro- crypto, pro- innovation, pro"}, {"start": "00:14:44", "end": "00:14:49", "text": "America,"}, {"start": "00:14:46", "end": "00:14:52", "text": "you know, clear act doesn't really mean"}, {"start": "00:14:49", "end": "00:14:55", "text": "all all that much. It's more of a symbol"}, {"start": "00:14:52", "end": "00:14:56", "text": "at this point in my opinion, but I think"}, {"start": "00:14:55", "end": "00:14:59", "text": "one way or another we're going to get"}, {"start": "00:14:56", "end": "00:15:01", "text": "those rules in Clarity Act. Mostly"}, {"start": "00:14:59", "end": "00:15:04", "text": "they're they're around stable coins, a"}, {"start": "00:15:01", "end": "00:15:07", "text": "yield. I think we get those approved"}, {"start": "00:15:04", "end": "00:15:09", "text": "even without the Clarity Act."}, {"start": "00:15:07", "end": "00:15:11", "text": "But we will see. We will see what"}, {"start": "00:15:09", "end": "00:15:13", "text": "happens. If we do somehow get it voted"}, {"start": "00:15:11", "end": "00:15:16", "text": "upon and approved, that would be a huge"}, {"start": "00:15:13", "end": "00:15:21", "text": "catalyst obviously, but doesn't seem"}, {"start": "00:15:16", "end": "00:15:23", "text": "like it's likely today."}, {"start": "00:15:21", "end": "00:15:27", "text": "We'll get it eventually, just probably"}, {"start": "00:15:23", "end": "00:15:27", "text": "not today."}, {"start": "00:15:28", "end": "00:15:35", "text": "What else? Strive adds 469 Bitcoin to"}, {"start": "00:15:32", "end": "00:15:35", "text": "reach 25,000."}, {"start": "00:15:35", "end": "00:15:45", "text": "Okay, great. Treasury company still"}, {"start": "00:15:38", "end": "00:15:45", "text": "loading up. And as for charts,"}, {"start": "00:15:45", "end": "00:15:51", "text": "you know, we just got done with the"}, {"start": "00:15:46", "end": "00:15:54", "text": "death cross and now we're making golden"}, {"start": "00:15:51", "end": "00:15:57", "text": "crosses, which is good."}, {"start": "00:15:54", "end": "00:16:00", "text": "These are on uh you know short-term"}, {"start": "00:15:57", "end": "00:16:02", "text": "times timets"}, {"start": "00:16:00", "end": "00:16:06", "text": "but"}, {"start": "00:16:02", "end": "00:16:10", "text": "sometimes we mirror"}, {"start": "00:16:06", "end": "00:16:13", "text": "these previous reversals or downtrends"}, {"start": "00:16:10", "end": "00:16:17", "text": "right uh these patterns are very similar"}, {"start": "00:16:13", "end": "00:16:19", "text": "they may not be exact but very similar"}, {"start": "00:16:17", "end": "00:16:22", "text": "and this one is comparing us to 2022"}, {"start": "00:16:19", "end": "00:16:25", "text": "recovery when we hit $15,000"}, {"start": "00:16:22", "end": "00:16:27", "text": "when we went below below 20,000, hit"}, {"start": "00:16:25", "end": "00:16:31", "text": "15,000. And at that point, people were"}, {"start": "00:16:27", "end": "00:16:33", "text": "calling for minus 10,000. There's always"}, {"start": "00:16:31", "end": "00:16:35", "text": "doomsayers that come out and say, \"Well,"}, {"start": "00:16:33", "end": "00:16:39", "text": "Bitcoin is going to go below 10K or go"}, {"start": "00:16:35", "end": "00:16:41", "text": "back to 3K.\" Just like when we hit our"}, {"start": "00:16:39", "end": "00:16:44", "text": "60, people are claiming that we're going"}, {"start": "00:16:41", "end": "00:16:47", "text": "to go back to 40s or 30s. You always"}, {"start": "00:16:44", "end": "00:16:50", "text": "have a lot of doomsayers,"}, {"start": "00:16:47", "end": "00:16:53", "text": "but Bitcoin always picks itself back up."}, {"start": "00:16:50", "end": "00:16:56", "text": "That's what we're doing right now. Uh,"}, {"start": "00:16:53", "end": "00:16:59", "text": "this is looking at a squeeze"}, {"start": "00:16:56", "end": "00:17:02", "text": "with Ballinger bands. So, something's"}, {"start": "00:16:59", "end": "00:17:05", "text": "about to happen. Okay. And we're on a"}, {"start": "00:17:02", "end": "00:17:08", "text": "bottom of it. So, that's good. So, we're"}, {"start": "00:17:05", "end": "00:17:12", "text": "getting a squeeze,"}, {"start": "00:17:08", "end": "00:17:15", "text": "a potential squeeze to upside soon."}, {"start": "00:17:12", "end": "00:17:20", "text": "It's funny how that looks, but yeah,"}, {"start": "00:17:15", "end": "00:17:23", "text": "it's got to be patient, hold,"}, {"start": "00:17:20", "end": "00:17:23", "text": "and DCA."}, {"start": "00:17:24", "end": "00:17:28", "text": "like Bitmine. Bitmine's been dcinging a"}, {"start": "00:17:27", "end": "00:17:33", "text": "lot of ETH"}, {"start": "00:17:28", "end": "00:17:38", "text": "and now they're projected to make"}, {"start": "00:17:33", "end": "00:17:41", "text": "a third of a billion dollars"}, {"start": "00:17:38", "end": "00:17:44", "text": "just from staking rewards."}, {"start": "00:17:41", "end": "00:17:47", "text": "That's crazy. That's crazy. A billion."}, {"start": "00:17:44", "end": "00:17:49", "text": "If you tie that at three, just holding"}, {"start": "00:17:47", "end": "00:17:51", "text": "by"}, {"start": "00:17:49", "end": "00:17:54", "text": "it, holding three years will get them a"}, {"start": "00:17:51", "end": "00:17:56", "text": "billion dollars in revenue."}, {"start": "00:17:54", "end": "00:17:59", "text": "That's amazing. That's amazing. And of"}, {"start": "00:17:56", "end": "00:18:03", "text": "course, if ETH continues to go up, Tom"}, {"start": "00:17:59", "end": "00:18:08", "text": "Lee is going to look like a genius,"}, {"start": "00:18:03", "end": "00:18:08", "text": "maybe even more so than Sailor."}, {"start": "00:18:09", "end": "00:18:13", "text": "the power of"}, {"start": "00:18:11", "end": "00:18:16", "text": "holding"}, {"start": "00:18:13", "end": "00:18:19", "text": "uh Salana transactions got three times"}, {"start": "00:18:16", "end": "00:18:24", "text": "bigger allowing more bytes now. So"}, {"start": "00:18:19", "end": "00:18:25", "text": "Salana is upgrading at a crucial time"}, {"start": "00:18:24", "end": "00:18:28", "text": "and I think they're going to do very"}, {"start": "00:18:25", "end": "00:18:31", "text": "well in this"}, {"start": "00:18:28", "end": "00:18:34", "text": "this recovery cycle that we're going to"}, {"start": "00:18:31", "end": "00:18:36", "text": "go through or we are in already I would"}, {"start": "00:18:34", "end": "00:18:40", "text": "argue."}, {"start": "00:18:36", "end": "00:18:43", "text": "Uh outside of that, another exchange"}, {"start": "00:18:40", "end": "00:18:46", "text": "Coinx sees operations at 9 years. That's"}, {"start": "00:18:43", "end": "00:18:49", "text": "like four exchanges now."}, {"start": "00:18:46", "end": "00:18:51", "text": "Four exchanges that are seizing"}, {"start": "00:18:49", "end": "00:18:54", "text": "operations."}, {"start": "00:18:51", "end": "00:18:55", "text": "That's a lot. These are all like the"}, {"start": "00:18:54", "end": "00:18:59", "text": "smaller guys, but some are, you know,"}, {"start": "00:18:55", "end": "00:19:02", "text": "mostly overseas. Some have been pretty"}, {"start": "00:18:59", "end": "00:19:04", "text": "pretty, I guess, decent volume, but now"}, {"start": "00:19:02", "end": "00:19:05", "text": "they're closing one after another after"}, {"start": "00:19:04", "end": "00:19:10", "text": "another."}, {"start": "00:19:05", "end": "00:19:10", "text": "can't withstand crypto winter."}, {"start": "00:19:10", "end": "00:19:16", "text": "All right, that's pretty much it."}, {"start": "00:19:17", "end": "00:19:24", "text": "Overall, red day minus 300 for DAO."}, {"start": "00:19:27", "end": "00:19:35", "text": "Look at this headline."}, {"start": "00:19:29", "end": "00:19:35", "text": "Will AI really destroy humanities?"}, {"start": "00:19:40", "end": "00:19:43", "text": "Okay. Usa,"}, {"start": "00:19:43", "end": "00:19:50", "text": "Canadian computer scientist."}, {"start": "00:19:47", "end": "00:19:50", "text": "Um,"}, {"start": "00:19:56", "end": "00:20:01", "text": "so what what is he saying? My concern"}, {"start": "00:19:59", "end": "00:20:04", "text": "with AI companies current attempts to"}, {"start": "00:20:01", "end": "00:20:06", "text": "mitigate misalignment is that these"}, {"start": "00:20:04", "end": "00:20:08", "text": "efforts may only hide it by rewarding"}, {"start": "00:20:06", "end": "00:20:10", "text": "and selecting AIs that cheat without"}, {"start": "00:20:08", "end": "00:20:12", "text": "getting caught. We should certainly"}, {"start": "00:20:10", "end": "00:20:14", "text": "continue research towards better"}, {"start": "00:20:12", "end": "00:20:16", "text": "monitoring AIs."}, {"start": "00:20:14", "end": "00:20:21", "text": "Okay, so that he didn't really say"}, {"start": "00:20:16", "end": "00:20:21", "text": "anything. Joffrey"}, {"start": "00:20:22", "end": "00:20:27", "text": "10% chance was not unreasonable. No one"}, {"start": "00:20:24", "end": "00:20:31", "text": "really knows how to give a sensible"}, {"start": "00:20:27", "end": "00:20:33", "text": "estimate. AI system could design very"}, {"start": "00:20:31", "end": "00:20:35", "text": "nasty biological viruses and long"}, {"start": "00:20:33", "end": "00:20:37", "text": "computer viruses and commit commit"}, {"start": "00:20:35", "end": "00:20:38", "text": "devastating cyber attacks. There's"}, {"start": "00:20:37", "end": "00:20:40", "text": "countless other ways to get rid of us if"}, {"start": "00:20:38", "end": "00:20:44", "text": "it wanted to. We have to figure out how"}, {"start": "00:20:40", "end": "00:20:46", "text": "to design it so it doesn't want to."}, {"start": "00:20:44", "end": "00:20:47", "text": "We have two possible futures. One where"}, {"start": "00:20:46", "end": "00:20:48", "text": "we figure out how to deal with the"}, {"start": "00:20:47", "end": "00:20:53", "text": "dangers before they got out of control."}, {"start": "00:20:48", "end": "00:20:53", "text": "The other where we don't."}, {"start": "00:20:53", "end": "00:20:58", "text": "Yeah. So, it's a real threat. [laughter]"}, {"start": "00:20:56", "end": "00:21:00", "text": "[snorts] It's a real threat we should"}, {"start": "00:20:58", "end": "00:21:03", "text": "take seriously."}, {"start": "00:21:00", "end": "00:21:06", "text": "All right,"}, {"start": "00:21:03", "end": "00:21:10", "text": "let's do some uh Q&A."}, {"start": "00:21:06", "end": "00:21:13", "text": "Man, some of these uh some of these"}, {"start": "00:21:10", "end": "00:21:16", "text": "stocks are doing no good today. Micro"}, {"start": "00:21:13", "end": "00:21:16", "text": "Strategy."}, {"start": "00:21:19", "end": "00:21:25", "text": "Micro Strategy down 5%."}, {"start": "00:21:22", "end": "00:21:28", "text": "Robin Hood down 5%. Coinbase down five"}, {"start": "00:21:25", "end": "00:21:28", "text": "6%."}, {"start": "00:21:28", "end": "00:21:31", "text": "Ouch."}, {"start": "00:21:34", "end": "00:21:40", "text": "Oh, HP's up. Dell's up."}, {"start": "00:21:38", "end": "00:21:44", "text": "Dell's alltime high right now, man. Look"}, {"start": "00:21:40", "end": "00:21:47", "text": "at that. I bought some Dell. So good."}, {"start": "00:21:44", "end": "00:21:49", "text": "And Michael Dell is I think the second"}, {"start": "00:21:47", "end": "00:21:52", "text": "richest person on our planet now. I"}, {"start": "00:21:49", "end": "00:21:57", "text": "think he exceeded uh Bezos too. It's"}, {"start": "00:21:52", "end": "00:21:57", "text": "kind of crazy how Dell so successful."}, {"start": "00:21:59", "end": "00:22:03", "text": "I guess uh today tech is recovering a"}, {"start": "00:22:01", "end": "00:22:06", "text": "little bit other than like the"}, {"start": "00:22:03", "end": "00:22:06", "text": "exchanges."}, {"start": "00:22:06", "end": "00:22:14", "text": "Soul still holding at 100 which is good."}, {"start": "00:22:09", "end": "00:22:14", "text": "ETH is barely below 2500"}, {"start": "00:22:14", "end": "00:22:21", "text": "and Bitcoin is"}, {"start": "00:22:17", "end": "00:22:23", "text": "not showing up for some reason. There we"}, {"start": "00:22:21", "end": "00:22:27", "text": "go."}, {"start": "00:22:23", "end": "00:22:27", "text": "All right, let's do some Q&A."}, {"start": "00:22:55", "end": "00:23:01", "text": "Carl the Moon and CryptoKit had their"}, {"start": "00:22:57", "end": "00:23:01", "text": "YouTube channel removed banned."}, {"start": "00:23:01", "end": "00:23:06", "text": "Why is that suspicious before the"}, {"start": "00:23:03", "end": "00:23:08", "text": "Clarity Act?"}, {"start": "00:23:06", "end": "00:23:10", "text": "Uh I met those both of those guys"}, {"start": "00:23:08", "end": "00:23:12", "text": "before."}, {"start": "00:23:10", "end": "00:23:16", "text": "Um they're very linked. CryptoKit is"}, {"start": "00:23:12", "end": "00:23:18", "text": "like his like protege or whatever. So,"}, {"start": "00:23:16", "end": "00:23:20", "text": "if they were if they both got banned, it"}, {"start": "00:23:18", "end": "00:23:23", "text": "could be because of that. I don't know"}, {"start": "00:23:20", "end": "00:23:24", "text": "why they got banned,"}, {"start": "00:23:23", "end": "00:23:26", "text": "but"}, {"start": "00:23:24", "end": "00:23:28", "text": "I don't think it has anything to do with"}, {"start": "00:23:26", "end": "00:23:31", "text": "the Clarity Act."}, {"start": "00:23:28", "end": "00:23:35", "text": "Uh, someone asked about going from uh"}, {"start": "00:23:31", "end": "00:23:37", "text": "the Super Chat HDR gaming channel asked"}, {"start": "00:23:35", "end": "00:23:40", "text": "about going from 458 to a Huracan"}, {"start": "00:23:37", "end": "00:23:42", "text": "Spider. That's a downgrade. Performance"}, {"start": "00:23:40", "end": "00:23:45", "text": "is probably upgrade, but 458s are going"}, {"start": "00:23:42", "end": "00:23:48", "text": "up like crazy, man. Like crazy. That's"}, {"start": "00:23:45", "end": "00:23:51", "text": "all like the very last"}, {"start": "00:23:48", "end": "00:23:54", "text": "the last very desirable Ferrari because"}, {"start": "00:23:51", "end": "00:23:57", "text": "the last V8"}, {"start": "00:23:54", "end": "00:24:00", "text": "natural aspirate V8."}, {"start": "00:23:57", "end": "00:24:02", "text": "Um so I would I would definitely keep"}, {"start": "00:24:00", "end": "00:24:05", "text": "the 458. I would not buy that Huracan"}, {"start": "00:24:02", "end": "00:24:07", "text": "Spider. In fact, if I had a 458, I would"}, {"start": "00:24:05", "end": "00:24:10", "text": "not really trade it for anything. I"}, {"start": "00:24:07", "end": "00:24:12", "text": "think in a few years that could be,"}, {"start": "00:24:10", "end": "00:24:13", "text": "you know, it could have last time I was"}, {"start": "00:24:12", "end": "00:24:16", "text": "looking at it, it's like approaching"}, {"start": "00:24:13", "end": "00:24:19", "text": "500,000. Spiders are even more. One day"}, {"start": "00:24:16", "end": "00:24:23", "text": "it'll be a million dollars for that car,"}, {"start": "00:24:19", "end": "00:24:27", "text": "which is insane. Even my car,"}, {"start": "00:24:23", "end": "00:24:32", "text": "I have the F8. It's the last non-hybrid"}, {"start": "00:24:27", "end": "00:24:34", "text": "V8 Ferrari. It is turbocharged,"}, {"start": "00:24:32", "end": "00:24:38", "text": "but"}, {"start": "00:24:34", "end": "00:24:39", "text": "um even that is going up. If I sell that"}, {"start": "00:24:38", "end": "00:24:42", "text": "right now, I would definitely make"}, {"start": "00:24:39", "end": "00:24:46", "text": "money. So that's a good advant good"}, {"start": "00:24:42", "end": "00:24:47", "text": "advantage of buying exotic cars is the"}, {"start": "00:24:46", "end": "00:24:50", "text": "they're very desirable, the good ones at"}, {"start": "00:24:47", "end": "00:24:50", "text": "least."}, {"start": "00:24:58", "end": "00:25:03", "text": "I got more people tuned in today. What"}, {"start": "00:25:00", "end": "00:25:08", "text": "what is uh what is up with that? A"}, {"start": "00:25:03", "end": "00:25:08", "text": "sudden tick uptick in watchers."}, {"start": "00:25:15", "end": "00:25:20", "text": "Why is it when I'm"}, {"start": "00:25:17", "end": "00:25:22", "text": "trying to stream on uh Oh, there we go."}, {"start": "00:25:20", "end": "00:25:26", "text": "It is streaming."}, {"start": "00:25:22", "end": "00:25:29", "text": "I got two viewers. I'm uh"}, {"start": "00:25:26", "end": "00:25:32", "text": "I'm streaming on kick, too. Got two"}, {"start": "00:25:29", "end": "00:25:34", "text": "viewers. Yay."}, {"start": "00:25:32", "end": "00:25:38", "text": ">> [sighs]"}, {"start": "00:25:34", "end": "00:25:38", "text": ">> How many viewers do I have an axe?"}, {"start": "00:25:55", "end": "00:26:03", "text": "I can't tell."}, {"start": "00:25:58", "end": "00:26:03", "text": "Uh, I start out at 60 50 60"}, {"start": "00:26:17", "end": "00:26:21", "text": "maybe YouTube recommendation is finally"}, {"start": "00:26:19", "end": "00:26:24", "text": "working again. Now I'm up to 1,600"}, {"start": "00:26:21", "end": "00:26:28", "text": "people watching right now. Usually it's"}, {"start": "00:26:24", "end": "00:26:30", "text": "like only 1,00 1,200."}, {"start": "00:26:28", "end": "00:26:32", "text": "Maybe YouTube fixed their recommendation"}, {"start": "00:26:30", "end": "00:26:35", "text": "engine again. [sighs]"}, {"start": "00:26:32", "end": "00:26:40", "text": "Or maybe everyone else is getting banned"}, {"start": "00:26:35", "end": "00:26:40", "text": "except me. I don't know."}, {"start": "00:26:54", "end": "00:27:02", "text": "L Flander. Someone just said that."}, {"start": "00:26:59", "end": "00:27:02", "text": "No idea why."}, {"start": "00:27:13", "end": "00:27:22", "text": "I am not mining."}, {"start": "00:27:17", "end": "00:27:22", "text": "No mining or my"}, {"start": "00:27:23", "end": "00:27:28", "text": "earlier endeavors, I guess, uh when I"}, {"start": "00:27:26", "end": "00:27:31", "text": "first started, but I haven't been mining"}, {"start": "00:27:28", "end": "00:27:31", "text": "for a long time."}, {"start": "00:27:36", "end": "00:27:42", "text": "I'm I'm quite excited about what's next"}, {"start": "00:27:39", "end": "00:27:42", "text": "for Clash."}, {"start": "00:27:43", "end": "00:27:46", "text": "I don't want to announce it yet, but"}, {"start": "00:27:44", "end": "00:27:48", "text": "there's there's a few things I'm working"}, {"start": "00:27:46", "end": "00:27:52", "text": "on."}, {"start": "00:27:48", "end": "00:27:54", "text": "one is going to be very very very very"}, {"start": "00:27:52", "end": "00:27:58", "text": "cool, very hot. People are gonna love"}, {"start": "00:27:54", "end": "00:28:02", "text": "it. Especially the deans that's coming"}, {"start": "00:27:58", "end": "00:28:04", "text": "up the clash score and clash holders."}, {"start": "00:28:02", "end": "00:28:06", "text": "There's something big that's coming as"}, {"start": "00:28:04", "end": "00:28:07", "text": "well."}, {"start": "00:28:06", "end": "00:28:09", "text": "So,"}, {"start": "00:28:07", "end": "00:28:09", "text": "[snorts]"}, {"start": "00:28:10", "end": "00:28:15", "text": "I'll just leave it at that. be very"}, {"start": "00:28:12", "end": "00:28:18", "text": "advantageous to hold Clash to have a"}, {"start": "00:28:15", "end": "00:28:20", "text": "very high score coming up. And obviously"}, {"start": "00:28:18", "end": "00:28:22", "text": "I'm still I'm still working on this"}, {"start": "00:28:20", "end": "00:28:26", "text": "really"}, {"start": "00:28:22", "end": "00:28:27", "text": "immersive world game as well that I'm"}, {"start": "00:28:26", "end": "00:28:29", "text": "I'm thinking that's going to do very"}, {"start": "00:28:27", "end": "00:28:31", "text": "well. But the other games still trying"}, {"start": "00:28:29", "end": "00:28:34", "text": "to improve front line. I think there's"}, {"start": "00:28:31", "end": "00:28:37", "text": "going to be a big upgrade today."}, {"start": "00:28:34", "end": "00:28:41", "text": "There's just so much stuff"}, {"start": "00:28:37", "end": "00:28:41", "text": "more upgrades coming to Clash Picks."}, {"start": "00:28:44", "end": "00:28:48", "text": "Yeah,"}, {"start": "00:28:46", "end": "00:28:49", "text": "when we come up and people pay attention"}, {"start": "00:28:48", "end": "00:28:51", "text": "to this project, they're going to be"}, {"start": "00:28:49", "end": "00:28:53", "text": "wild because it's going to be so"}, {"start": "00:28:51", "end": "00:28:54", "text": "complete. We have fastest from"}, {"start": "00:28:53", "end": "00:28:57", "text": "everything and they're all connected"}, {"start": "00:28:54", "end": "00:29:01", "text": "together beautifully"}, {"start": "00:28:57", "end": "00:29:05", "text": "and utilizes AI and hits everything that"}, {"start": "00:29:01", "end": "00:29:07", "text": "people care about. So,"}, {"start": "00:29:05", "end": "00:29:10", "text": "it's going to be glorious when we come"}, {"start": "00:29:07", "end": "00:29:10", "text": "back."}, {"start": "00:29:25", "end": "00:29:30", "text": "Kenny, that's good. More people"}, {"start": "00:29:28", "end": "00:29:33", "text": "the better."}, {"start": "00:29:30", "end": "00:29:39", "text": "Yeah, today like our frontline game, the"}, {"start": "00:29:33", "end": "00:29:42", "text": "FPS game. Um, maybe another hour or so,"}, {"start": "00:29:39", "end": "00:29:44", "text": "I'll I'll release the new update. But"}, {"start": "00:29:42", "end": "00:29:47", "text": "yeah, front line is going to be improved"}, {"start": "00:29:44", "end": "00:29:49", "text": "drastically. The play now feature is"}, {"start": "00:29:47", "end": "00:29:51", "text": "going to get a lot better. And we"}, {"start": "00:29:49", "end": "00:29:53", "text": "already got Clash Jam, which I think is"}, {"start": "00:29:51", "end": "00:29:56", "text": "awesome. People have"}, {"start": "00:29:53", "end": "00:29:59", "text": "people that grew up with"}, {"start": "00:29:56", "end": "00:30:02", "text": "NBA Jam, that's a modern version of it."}, {"start": "00:29:59", "end": "00:30:05", "text": "I think is really fun."}, {"start": "00:30:02", "end": "00:30:07", "text": "And Angry Crypto, Clash Cart, and all"}, {"start": "00:30:05", "end": "00:30:09", "text": "these classic games. They're really"}, {"start": "00:30:07", "end": "00:30:10", "text": "good. You don't have to download"}, {"start": "00:30:09", "end": "00:30:15", "text": "anything. It's all playable on the"}, {"start": "00:30:10", "end": "00:30:15", "text": "browser on your phone."}, {"start": "00:30:16", "end": "00:30:19", "text": "Yeah. And I'm mentioning the"}, {"start": "00:30:17", "end": "00:30:22", "text": "leaderboard."}, {"start": "00:30:19", "end": "00:30:25", "text": "This measures everyone"}, {"start": "00:30:22", "end": "00:30:29", "text": "um are in the ecosystem that hold Clash,"}, {"start": "00:30:25", "end": "00:30:32", "text": "that hold our NFTts that have been"}, {"start": "00:30:29", "end": "00:30:33", "text": "predicting on Clash Pics that have been"}, {"start": "00:30:32", "end": "00:30:36", "text": "making,"}, {"start": "00:30:33", "end": "00:30:41", "text": "you know, asking questions or pulling up"}, {"start": "00:30:36", "end": "00:30:45", "text": "charts or using Ask Clash. Everything is"}, {"start": "00:30:41", "end": "00:30:48", "text": "scored and tallied. And this is going to"}, {"start": "00:30:45", "end": "00:30:50", "text": "be very, very important. People that are"}, {"start": "00:30:48", "end": "00:30:53", "text": "high up"}, {"start": "00:30:50", "end": "00:30:57", "text": "are going to be very satisfied about"}, {"start": "00:30:53", "end": "00:30:57", "text": "what's to come next."}, {"start": "00:31:10", "end": "00:31:13", "text": "Any"}, {"start": "00:31:28", "end": "00:31:32", "text": "thoughts about iPhone do? No, no"}, {"start": "00:31:29", "end": "00:31:35", "text": "thoughts. I It's not like we haven't had"}, {"start": "00:31:32", "end": "00:31:36", "text": "flip phones before."}, {"start": "00:31:35", "end": "00:31:38", "text": "[snorts]"}, {"start": "00:31:36", "end": "00:31:39", "text": "It's just a new shape. I don't know if"}, {"start": "00:31:38", "end": "00:31:42", "text": "people are going to like the new shape"}, {"start": "00:31:39", "end": "00:31:45", "text": "or not. [snorts]"}, {"start": "00:31:42", "end": "00:31:48", "text": "The Z Flip from Samsung was already"}, {"start": "00:31:45", "end": "00:31:50", "text": "pretty good. So, I don't know. It's"}, {"start": "00:31:48", "end": "00:31:51", "text": "Apple. You always have these Apple"}, {"start": "00:31:50", "end": "00:31:53", "text": "fanatics."}, {"start": "00:31:51", "end": "00:31:55", "text": "You know, they'll buy anything Apple"}, {"start": "00:31:53", "end": "00:31:58", "text": "releases."}, {"start": "00:31:55", "end": "00:32:03", "text": "Uh so, I'm sure it'll do well, but I"}, {"start": "00:31:58", "end": "00:32:03", "text": "don't know how useful it will be."}, {"start": "00:32:21", "end": "00:32:26", "text": "You haven't seen me in a long time. I'm"}, {"start": "00:32:23", "end": "00:32:31", "text": "here every day. [snorts]"}, {"start": "00:32:26", "end": "00:32:31", "text": "Maybe you should just tune in more."}, {"start": "00:32:39", "end": "00:32:45", "text": "Yeah, [snorts] I do see a big uptick"}, {"start": "00:32:41", "end": "00:32:48", "text": "today. About 10% 20% more today than"}, {"start": "00:32:45", "end": "00:32:50", "text": "normal. So, I don't know why that is."}, {"start": "00:32:48", "end": "00:32:53", "text": "Maybe the other channels that got banned"}, {"start": "00:32:50", "end": "00:32:58", "text": "or they redid their recommendation"}, {"start": "00:32:53", "end": "00:33:00", "text": "engine. I don't I don't know. But"}, {"start": "00:32:58", "end": "00:33:03", "text": "little bit higher today than normal,"}, {"start": "00:33:00", "end": "00:33:05", "text": "which is good. It's not really normal."}, {"start": "00:33:03", "end": "00:33:10", "text": "This is bare market numbers. And when"}, {"start": "00:33:05", "end": "00:33:10", "text": "it's hot, the numbers are way better."}, {"start": "00:33:41", "end": "00:33:45", "text": "Do you agree with various chart analysis"}, {"start": "00:33:44", "end": "00:33:48", "text": "saying that if we don't make a cycle low"}, {"start": "00:33:45", "end": "00:33:49", "text": "in October then we confirm to start a"}, {"start": "00:33:48", "end": "00:33:51", "text": "bull market? No, I don't I don't agree"}, {"start": "00:33:49", "end": "00:33:54", "text": "with any of the chart analysis. All of"}, {"start": "00:33:51", "end": "00:33:56", "text": "them are BS. [snorts] Now that we have"}, {"start": "00:33:54", "end": "00:33:59", "text": "AI, I have more certainty that all"}, {"start": "00:33:56", "end": "00:34:02", "text": "charting is basically BS."}, {"start": "00:33:59", "end": "00:34:04", "text": "Okay, here's why. We have all these"}, {"start": "00:34:02", "end": "00:34:06", "text": "fancy indicators"}, {"start": "00:34:04", "end": "00:34:09", "text": "like what I show on my screen at MACD"}, {"start": "00:34:06", "end": "00:34:11", "text": "RSI, stochastic RSI. We have all these"}, {"start": "00:34:09", "end": "00:34:13", "text": "fancy levels,"}, {"start": "00:34:11", "end": "00:34:16", "text": "moving averages."}, {"start": "00:34:13", "end": "00:34:17", "text": "All right, we got key levels, moving"}, {"start": "00:34:16", "end": "00:34:22", "text": "averages,"}, {"start": "00:34:17", "end": "00:34:26", "text": "Ballinger bands, EMA ribbons,"}, {"start": "00:34:22", "end": "00:34:29", "text": "VAP, dema, you name it. weekly, high,"}, {"start": "00:34:26", "end": "00:34:32", "text": "low. We have these are just like the"}, {"start": "00:34:29", "end": "00:34:35", "text": "well-known ones, but there are like a"}, {"start": "00:34:32", "end": "00:34:37", "text": "million of them out there. Okay."}, {"start": "00:34:35", "end": "00:34:39", "text": "So, you figure all this with all this"}, {"start": "00:34:37", "end": "00:34:40", "text": "intelligence,"}, {"start": "00:34:39", "end": "00:34:42", "text": "[cough]"}, {"start": "00:34:40", "end": "00:34:45", "text": "[clears throat] you got to"}, {"start": "00:34:42", "end": "00:34:47", "text": "you could use you use all that and win"}, {"start": "00:34:45", "end": "00:34:50", "text": "at trading."}, {"start": "00:34:47", "end": "00:34:53", "text": "I've spent a lot of time using AI"}, {"start": "00:34:50", "end": "00:34:55", "text": "over the last eight months [snorts]"}, {"start": "00:34:53", "end": "00:34:57", "text": "and uh recently on and off I've been"}, {"start": "00:34:55", "end": "00:34:59", "text": "trying to create this trading bot that"}, {"start": "00:34:57", "end": "00:35:00", "text": "utilizes all this intelligence"}, {"start": "00:34:59", "end": "00:35:03", "text": "everything"}, {"start": "00:35:00", "end": "00:35:05", "text": "every single thing that you could think"}, {"start": "00:35:03", "end": "00:35:09", "text": "of"}, {"start": "00:35:05", "end": "00:35:11", "text": "to try to create a trading bot"}, {"start": "00:35:09", "end": "00:35:14", "text": "and to include patterns,"}, {"start": "00:35:11", "end": "00:35:18", "text": "you know, stuff like that. everything."}, {"start": "00:35:14", "end": "00:35:21", "text": "It tried everything and back tested it"}, {"start": "00:35:18", "end": "00:35:25", "text": "and every conclusion is"}, {"start": "00:35:21", "end": "00:35:30", "text": "you lose versus holding [laughter]"}, {"start": "00:35:25", "end": "00:35:33", "text": "in in vast majority of the cases"}, {"start": "00:35:30", "end": "00:35:36", "text": "by trading you would end up at a loss."}, {"start": "00:35:33", "end": "00:35:38", "text": "And in the in the scenarios where you"}, {"start": "00:35:36", "end": "00:35:41", "text": "don't end up in a loss and you're in a"}, {"start": "00:35:38", "end": "00:35:44", "text": "P, you know, you're in green and you"}, {"start": "00:35:41", "end": "00:35:46", "text": "gain, it's way less than just buying and"}, {"start": "00:35:44", "end": "00:35:49", "text": "holding."}, {"start": "00:35:46", "end": "00:35:54", "text": "I've tried every single frontier AI."}, {"start": "00:35:49", "end": "00:35:55", "text": "I've tried for hours and hours"}, {"start": "00:35:54", "end": "00:35:58", "text": "different combinations, different"}, {"start": "00:35:55", "end": "00:36:01", "text": "things, different time frames, five"}, {"start": "00:35:58", "end": "00:36:05", "text": "minutes, 10 minutes, 15 minutes, hour,"}, {"start": "00:36:01", "end": "00:36:09", "text": "daily, weekly,"}, {"start": "00:36:05", "end": "00:36:12", "text": "all of them ended up making less money"}, {"start": "00:36:09", "end": "00:36:16", "text": "or losing money versus just holding."}, {"start": "00:36:12", "end": "00:36:17", "text": "Like for Bitcoin, back tested it for six"}, {"start": "00:36:16", "end": "00:36:19", "text": "months. Just going back to the beginning"}, {"start": "00:36:17", "end": "00:36:22", "text": "of the year,"}, {"start": "00:36:19", "end": "00:36:26", "text": "back tested to a year, three years since"}, {"start": "00:36:22", "end": "00:36:26", "text": "2020, six years."}, {"start": "00:36:26", "end": "00:36:32", "text": "Nothing beat just holding Bitcoin. If"}, {"start": "00:36:29", "end": "00:36:35", "text": "you're trading Bitcoin, you end up"}, {"start": "00:36:32", "end": "00:36:37", "text": "losing money. So, this is the reason why"}, {"start": "00:36:35", "end": "00:36:39", "text": "all these charters and all these guys"}, {"start": "00:36:37", "end": "00:36:42", "text": "that say, \"Well, this must happen for"}, {"start": "00:36:39", "end": "00:36:44", "text": "this to happen.\" No, it's all nonsense."}, {"start": "00:36:42", "end": "00:36:45", "text": "It's all nonsense."}, {"start": "00:36:44", "end": "00:36:49", "text": "Most of the things that we see that are"}, {"start": "00:36:45", "end": "00:36:51", "text": "driving Bitcoin or these cycles actually"}, {"start": "00:36:49", "end": "00:36:54", "text": "have a lot to do with or I would argue"}, {"start": "00:36:51", "end": "00:36:57", "text": "everything to do with"}, {"start": "00:36:54", "end": "00:36:58", "text": "external factors like business cycle,"}, {"start": "00:36:57", "end": "00:37:00", "text": "liquidity,"}, {"start": "00:36:58", "end": "00:37:01", "text": "rates,"}, {"start": "00:37:00", "end": "00:37:05", "text": "yield,"}, {"start": "00:37:01", "end": "00:37:09", "text": "you know, these things. Okay, those are"}, {"start": "00:37:05", "end": "00:37:10", "text": "what are driving Bitcoin, not the"}, {"start": "00:37:09", "end": "00:37:13", "text": "indicators,"}, {"start": "00:37:10", "end": "00:37:15", "text": "not anything."}, {"start": "00:37:13", "end": "00:37:17", "text": "Is it just you think about it, what"}, {"start": "00:37:15", "end": "00:37:19", "text": "makes Bitcoin go up or down is really"}, {"start": "00:37:17", "end": "00:37:21", "text": "just money flowing in and out and those"}, {"start": "00:37:19", "end": "00:37:25", "text": "things are affected by all these"}, {"start": "00:37:21", "end": "00:37:25", "text": "external factors."}, {"start": "00:37:26", "end": "00:37:28", "text": "[snorts]"}, {"start": "00:37:30", "end": "00:37:34", "text": "Now granted, if you're trying to trade"}, {"start": "00:37:32", "end": "00:37:38", "text": "like shortterm, maybe like in the next"}, {"start": "00:37:34", "end": "00:37:40", "text": "10 minutes, next hour, you know, these"}, {"start": "00:37:38", "end": "00:37:44", "text": "indicators would be useful, but long"}, {"start": "00:37:40", "end": "00:37:48", "text": "term, nothing beats holding. Holding in"}, {"start": "00:37:44", "end": "00:37:48", "text": "DC, it honestly is unbeatable."}, {"start": "00:37:51", "end": "00:37:55", "text": "Of course, I'm going to keep trying"}, {"start": "00:37:52", "end": "00:37:58", "text": "though. And we keep trying to create a"}, {"start": "00:37:55", "end": "00:38:01", "text": "trading bot that takes in external"}, {"start": "00:37:58", "end": "00:38:03", "text": "factors,"}, {"start": "00:38:01", "end": "00:38:09", "text": "you know, things that can move markets"}, {"start": "00:38:03", "end": "00:38:13", "text": "like FOMC decisions or something yield"}, {"start": "00:38:09", "end": "00:38:17", "text": "decisions or whatever decisions, right?"}, {"start": "00:38:13", "end": "00:38:21", "text": "Pays more attention to social media"}, {"start": "00:38:17", "end": "00:38:24", "text": "and uh you know macro stuff. I think if"}, {"start": "00:38:21", "end": "00:38:27", "text": "you include all that in with some of"}, {"start": "00:38:24", "end": "00:38:31", "text": "these patterns and indicators, then it"}, {"start": "00:38:27", "end": "00:38:33", "text": "can work. Haven't gone that deep yet."}, {"start": "00:38:31", "end": "00:38:35", "text": "And you put prediction markets in there,"}, {"start": "00:38:33", "end": "00:38:38", "text": "too. I think then you could have"}, {"start": "00:38:35", "end": "00:38:38", "text": "something."}, {"start": "00:38:45", "end": "00:38:49", "text": "It ran. No matter how smart you think"}, {"start": "00:38:46", "end": "00:38:51", "text": "you are at charting, you're not going to"}, {"start": "00:38:49", "end": "00:38:53", "text": "be smarter than than 10 of the most"}, {"start": "00:38:51", "end": "00:38:56", "text": "sophisticated AI that knows everything"}, {"start": "00:38:53", "end": "00:38:58", "text": "about charting."}, {"start": "00:38:56", "end": "00:39:01", "text": "You're just not going to convince me"}, {"start": "00:38:58", "end": "00:39:01", "text": "otherwise."}, {"start": "00:39:44", "end": "00:39:49", "text": "Man, the recommendation engine must be"}, {"start": "00:39:46", "end": "00:39:52", "text": "good today. Even now, you figure after"}, {"start": "00:39:49", "end": "00:39:55", "text": "me rambling for 10 minutes, the views"}, {"start": "00:39:52", "end": "00:39:59", "text": "will be dropping. But we're holding 1500"}, {"start": "00:39:55", "end": "00:40:00", "text": "people. Clarity Act, pass or fail, it's"}, {"start": "00:39:59", "end": "00:40:02", "text": "not going to go through today."}, {"start": "00:40:00", "end": "00:40:06", "text": "Guaranteed. It's like there's very"}, {"start": "00:40:02", "end": "00:40:06", "text": "little chance of it."}, {"start": "00:40:12", "end": "00:40:16", "text": "J Molly, appreciate that. I wish more"}, {"start": "00:40:14", "end": "00:40:19", "text": "people would take advantage of the"}, {"start": "00:40:16", "end": "00:40:22", "text": "assass membership. I mean, I've been"}, {"start": "00:40:19", "end": "00:40:25", "text": "very generous and, you know, basically"}, {"start": "00:40:22", "end": "00:40:30", "text": "fronting the whole thing, very costly,"}, {"start": "00:40:25", "end": "00:40:34", "text": "but trying to give more to the community"}, {"start": "00:40:30", "end": "00:40:36", "text": "and obviously to Clash."}, {"start": "00:40:34", "end": "00:40:37", "text": "I mean, we got hundreds and hundreds of"}, {"start": "00:40:36", "end": "00:40:40", "text": "people using Ask Clash every day, but"}, {"start": "00:40:37", "end": "00:40:42", "text": "just using it for free. Just they don't"}, {"start": "00:40:40", "end": "00:40:44", "text": "want to sign up for a membership. And"}, {"start": "00:40:42", "end": "00:40:47", "text": "most people in Clash still don't have a"}, {"start": "00:40:44", "end": "00:40:49", "text": "membership. So, I I don't even get that."}, {"start": "00:40:47", "end": "00:40:51", "text": "So"}, {"start": "00:40:49", "end": "00:40:53", "text": "that's my only frustration. It's like"}, {"start": "00:40:51", "end": "00:40:56", "text": "it's such a good product and now I have"}, {"start": "00:40:53", "end": "00:40:58", "text": "integrated with Clash Pix and"}, {"start": "00:40:56", "end": "00:41:00", "text": "you know with the gaming hub that we"}, {"start": "00:40:58", "end": "00:41:02", "text": "have."}, {"start": "00:41:00", "end": "00:41:04", "text": "Uh yet there are still people that"}, {"start": "00:41:02", "end": "00:41:06", "text": "ignore it or"}, {"start": "00:41:04", "end": "00:41:09", "text": "or don't want it because they're too"}, {"start": "00:41:06", "end": "00:41:12", "text": "cheap to get a membership even though"}, {"start": "00:41:09", "end": "00:41:15", "text": "they use it every day and it's costing"}, {"start": "00:41:12", "end": "00:41:19", "text": "costing me money and not really helping"}, {"start": "00:41:15", "end": "00:41:23", "text": "Clash by not subscribing. Uh so that is"}, {"start": "00:41:19", "end": "00:41:23", "text": "one thing I don't quite get."}, {"start": "00:41:44", "end": "00:41:48", "text": "90 and 95% of people who trade lose"}, {"start": "00:41:46", "end": "00:41:52", "text": "money. I work in the tax office seeing"}, {"start": "00:41:48", "end": "00:41:55", "text": "firsthand it's true."}, {"start": "00:41:52", "end": "00:41:58", "text": "Even the AI pointed out like studies"}, {"start": "00:41:55", "end": "00:42:02", "text": "saying that you know very"}, {"start": "00:41:58", "end": "00:42:05", "text": "various studies have studied like"}, {"start": "00:42:02", "end": "00:42:07", "text": "countries and traders and and uh and"}, {"start": "00:42:05", "end": "00:42:10", "text": "done all these analysis"}, {"start": "00:42:07", "end": "00:42:15", "text": "on the top traders or people that trade"}, {"start": "00:42:10", "end": "00:42:19", "text": "and in almost every case they lose all"}, {"start": "00:42:15", "end": "00:42:21", "text": "the all the trader influencers. Okay,"}, {"start": "00:42:19", "end": "00:42:25", "text": "that look like they're so smart. They"}, {"start": "00:42:21", "end": "00:42:28", "text": "got their money from affiliates, from"}, {"start": "00:42:25", "end": "00:42:31", "text": "you signing up to their course"}, {"start": "00:42:28", "end": "00:42:34", "text": "or through their exchange links. They"}, {"start": "00:42:31", "end": "00:42:36", "text": "didn't get rich by trading."}, {"start": "00:42:34", "end": "00:42:41", "text": "All of them in crypto."}, {"start": "00:42:36", "end": "00:42:43", "text": "All of them got rich from affiliate like"}, {"start": "00:42:41", "end": "00:42:45", "text": "affiliate referrals, not through"}, {"start": "00:42:43", "end": "00:42:49", "text": "trading."}, {"start": "00:42:45", "end": "00:42:53", "text": "So I mean in case there's any doubt"}, {"start": "00:42:49", "end": "00:42:53", "text": "about that."}, {"start": "00:42:56", "end": "00:43:01", "text": "Anyways, I shouldn't knock it too much."}, {"start": "00:42:58", "end": "00:43:05", "text": "If you want to trade, great. It's fine."}, {"start": "00:43:01", "end": "00:43:08", "text": "If you want to learn, great. It's fine."}, {"start": "00:43:05", "end": "00:43:10", "text": "But just be careful because people get"}, {"start": "00:43:08", "end": "00:43:13", "text": "wiped out from leverage every single"}, {"start": "00:43:10", "end": "00:43:16", "text": "day. And it's mostly from these people"}, {"start": "00:43:13", "end": "00:43:18", "text": "that are trying to trade."}, {"start": "00:43:16", "end": "00:43:20", "text": "If you're trying to swing trade, like"}, {"start": "00:43:18", "end": "00:43:21", "text": "catch something, you know, while it's"}, {"start": "00:43:20", "end": "00:43:24", "text": "going up, that's one thing. But if"}, {"start": "00:43:21", "end": "00:43:29", "text": "you're trying to day trade,"}, {"start": "00:43:24", "end": "00:43:30", "text": "it's very tough. And"}, {"start": "00:43:29", "end": "00:43:32", "text": "if you're playing with like 50x"}, {"start": "00:43:30", "end": "00:43:35", "text": "leverage, 100x leverage, you're"}, {"start": "00:43:32", "end": "00:43:38", "text": "guaranteed to lose money. Guaranteed."}, {"start": "00:43:35", "end": "00:43:38", "text": "So"}, {"start": "00:43:40", "end": "00:43:43", "text": "just be careful with that."}, {"start": "00:44:12", "end": "00:44:14", "text": ">> [snorts]"}, {"start": "00:44:17", "end": "00:44:19", "text": "[snorts]"}, {"start": "00:44:31", "end": "00:44:37", "text": ">> prefer a car the cycle."}, {"start": "00:44:34", "end": "00:44:39", "text": "All the new Ferraris and Lamborghinis I"}, {"start": "00:44:37", "end": "00:44:42", "text": "have no interest in. They all look"}, {"start": "00:44:39", "end": "00:44:42", "text": "horrible."}, {"start": "00:44:43", "end": "00:44:49", "text": "It's like the designers that they have"}, {"start": "00:44:47", "end": "00:44:53", "text": "ran out of ideas and now they're"}, {"start": "00:44:49", "end": "00:44:55", "text": "designing shitty looking cars. Like"}, {"start": "00:44:53", "end": "00:44:57", "text": "I don't know, Kia cars look better than"}, {"start": "00:44:55", "end": "00:45:00", "text": "the new Lambos."}, {"start": "00:44:57", "end": "00:45:03", "text": "Like the new Lambo"}, {"start": "00:45:00", "end": "00:45:05", "text": "Tamario or Team Mario or whatever you"}, {"start": "00:45:03", "end": "00:45:09", "text": "call it, can't even pronounce it. Like"}, {"start": "00:45:05", "end": "00:45:13", "text": "does not look better in a Huracan."}, {"start": "00:45:09", "end": "00:45:17", "text": "And the new Ferrari just"}, {"start": "00:45:13", "end": "00:45:20", "text": "don't get me started about Ferrari."}, {"start": "00:45:17", "end": "00:45:22", "text": "That's why the older ones, okay, not not"}, {"start": "00:45:20", "end": "00:45:25", "text": "even classic, just the ones from like,"}, {"start": "00:45:22", "end": "00:45:27", "text": "you know, 10 years ago"}, {"start": "00:45:25", "end": "00:45:30", "text": "are all going up because they're so much"}, {"start": "00:45:27", "end": "00:45:30", "text": "more desirable."}, {"start": "00:45:37", "end": "00:45:42", "text": "All right, I think that's it."}, {"start": "00:45:42", "end": "00:45:46", "text": "That is it."}, {"start": "00:45:46", "end": "00:45:51", "text": "Overall, today's a little bit weaker,"}, {"start": "00:45:49", "end": "00:45:54", "text": "little bit weaker than"}, {"start": "00:45:51", "end": "00:45:57", "text": "yesterday, but it's to be expected. Pre"}, {"start": "00:45:54", "end": "00:46:00", "text": "FOMC press conference,"}, {"start": "00:45:57", "end": "00:46:02", "text": "a giant possibility of a hike coming,"}, {"start": "00:46:00", "end": "00:46:04", "text": "right? Clarity Act not looking so great"}, {"start": "00:46:02", "end": "00:46:09", "text": "today."}, {"start": "00:46:04", "end": "00:46:09", "text": "Yield and oil"}, {"start": "00:46:10", "end": "00:46:15", "text": "spiking. I mean, we got so many things."}, {"start": "00:46:12", "end": "00:46:16", "text": "So many things that are going against us"}, {"start": "00:46:15", "end": "00:46:19", "text": "right now, but you know what? We're"}, {"start": "00:46:16", "end": "00:46:22", "text": "holding strong. That's what we're doing."}, {"start": "00:46:19", "end": "00:46:25", "text": "All right. So, smash the like, subscribe"}, {"start": "00:46:22", "end": "00:46:28", "text": "to the channel. Have a good one, guys."}, {"start": "00:46:25", "end": "00:46:29", "text": "Go check out Clash. That's it. Take"}, {"start": "00:46:28", "end": "00:46:31", "text": "care."}, {"start": "00:46:29", "end": "00:46:31", "text": "Bye-bye."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Hey everyone and thanks for jumping back"}, {"start": "00:00:02", "end": "00:00:07", "text": "into the cryptoverse."}, {"start": "00:00:04", "end": "00:00:10", "text": "Today we're going to talk about Bitcoin"}, {"start": "00:00:07", "end": "00:00:12", "text": "and I'm going to reflect some on on what"}, {"start": "00:00:10", "end": "00:00:15", "text": "has happened and and perhaps how that"}, {"start": "00:00:12", "end": "00:00:18", "text": "affects things moving forward. One of"}, {"start": "00:00:15", "end": "00:00:21", "text": "the things to always do when you do get"}, {"start": "00:00:18", "end": "00:00:25", "text": "something wrong is to go look to see"}, {"start": "00:00:21", "end": "00:00:29", "text": "what other people are talking about. Um"}, {"start": "00:00:25", "end": "00:00:31", "text": "because after all it is a market and it"}, {"start": "00:00:29", "end": "00:00:34", "text": "is the different opinions that make up"}, {"start": "00:00:31", "end": "00:00:37", "text": "that market and as I've said before we"}, {"start": "00:00:34", "end": "00:00:40", "text": "all represent the market and we're all"}, {"start": "00:00:37", "end": "00:00:43", "text": "going to get things wrong at times as I"}, {"start": "00:00:40", "end": "00:00:48", "text": "was as again as I've said before I I was"}, {"start": "00:00:43", "end": "00:00:50", "text": "wrong about Bitcoin uh not being able to"}, {"start": "00:00:48", "end": "00:00:53", "text": "get past the May high which it which it"}, {"start": "00:00:50", "end": "00:00:56", "text": "has right like it it has gone above it"}, {"start": "00:00:53", "end": "00:00:58", "text": "and one of the cool things about um you"}, {"start": "00:00:56", "end": "00:01:00", "text": "know we're doing this conference in"}, {"start": "00:00:58", "end": "00:01:02", "text": "November although you know right now"}, {"start": "00:01:00", "end": "00:01:04", "text": "obviously I know that's not probably the"}, {"start": "00:01:02", "end": "00:01:08", "text": "thing on everyone's mind uh but we do"}, {"start": "00:01:04", "end": "00:01:12", "text": "have a couple of new speakers um in line"}, {"start": "00:01:08", "end": "00:01:14", "text": "with the idea of making sure we hear all"}, {"start": "00:01:12", "end": "00:01:16", "text": "sorts of different opinions of people"}, {"start": "00:01:14", "end": "00:01:18", "text": "especially people who have been more so"}, {"start": "00:01:16", "end": "00:01:22", "text": "on the right side of of where things are"}, {"start": "00:01:18", "end": "00:01:24", "text": "uh we have Michael Sailor coming to the"}, {"start": "00:01:22", "end": "00:01:26", "text": "conference so that's pretty big"}, {"start": "00:01:24", "end": "00:01:28", "text": "And we also have Grant Cardone coming to"}, {"start": "00:01:26", "end": "00:01:31", "text": "the conference which is also really big"}, {"start": "00:01:28", "end": "00:01:34", "text": "news. So thanks to both of them for"}, {"start": "00:01:31", "end": "00:01:37", "text": "agreeing to speak at the conference."}, {"start": "00:01:34", "end": "00:01:40", "text": "Let's go ahead and jump in. So Bitcoin"}, {"start": "00:01:37", "end": "00:01:42", "text": "is currently trading at $86,000."}, {"start": "00:01:40", "end": "00:01:46", "text": "So"}, {"start": "00:01:42", "end": "00:01:48", "text": "what's interesting about this is I was"}, {"start": "00:01:46", "end": "00:01:52", "text": "trying to like put the pieces of the"}, {"start": "00:01:48", "end": "00:01:55", "text": "puzzle together, right? And the pieces"}, {"start": "00:01:52", "end": "00:01:58", "text": "of the puzzle were as such. I thought"}, {"start": "00:01:55", "end": "00:02:00", "text": "that going into the end of the year,"}, {"start": "00:01:58", "end": "00:02:02", "text": "right, like starting a couple of months"}, {"start": "00:02:00", "end": "00:02:06", "text": "ago, that we would likely see energy"}, {"start": "00:02:02", "end": "00:02:07", "text": "prices go up. So, I thought energy would"}, {"start": "00:02:06", "end": "00:02:12", "text": "go up"}, {"start": "00:02:07", "end": "00:02:15", "text": "from there. I thought that because"}, {"start": "00:02:12", "end": "00:02:19", "text": "energy prices were going up, I thought"}, {"start": "00:02:15", "end": "00:02:22", "text": "that yields would go up because the Fed"}, {"start": "00:02:19", "end": "00:02:25", "text": "would be initially unwilling"}, {"start": "00:02:22", "end": "00:02:29", "text": "to hike rates. So from there, I thought"}, {"start": "00:02:25", "end": "00:02:32", "text": "yields would likely go up. Now, because"}, {"start": "00:02:29", "end": "00:02:36", "text": "of that, because energy going up would"}, {"start": "00:02:32", "end": "00:02:39", "text": "lead to yields going up, I thought the"}, {"start": "00:02:36", "end": "00:02:40", "text": "dollar or sorry, I thought the Fed would"}, {"start": "00:02:39", "end": "00:02:44", "text": "then raise rates to combat higher"}, {"start": "00:02:40", "end": "00:02:45", "text": "yields. So, the Fed would then raise"}, {"start": "00:02:44", "end": "00:02:48", "text": "rates"}, {"start": "00:02:45", "end": "00:02:50", "text": "starting in September."}, {"start": "00:02:48", "end": "00:02:54", "text": "And then I thought because the Fed would"}, {"start": "00:02:50", "end": "00:02:57", "text": "raise rates, the dollar would then go"}, {"start": "00:02:54", "end": "00:02:57", "text": "up."}, {"start": "00:02:58", "end": "00:03:04", "text": "What's fascinating to me is I got all"}, {"start": "00:03:02", "end": "00:03:06", "text": "these things right, but none of those"}, {"start": "00:03:04", "end": "00:03:09", "text": "things really matter for a lot of people"}, {"start": "00:03:06", "end": "00:03:10", "text": "that watch this. I mean, obviously I'm"}, {"start": "00:03:09", "end": "00:03:13", "text": "I've been bullish on energy and I know"}, {"start": "00:03:10", "end": "00:03:16", "text": "some people own own the energy market as"}, {"start": "00:03:13", "end": "00:03:20", "text": "well. But a lot of this stuff I was"}, {"start": "00:03:16", "end": "00:03:22", "text": "using to understand what Bitcoin would"}, {"start": "00:03:20", "end": "00:03:25", "text": "do. And I said, \"All right, well, if"}, {"start": "00:03:22", "end": "00:03:27", "text": "energy goes up and if yield which would"}, {"start": "00:03:25", "end": "00:03:29", "text": "cause yields to go up, which would make"}, {"start": "00:03:27", "end": "00:03:32", "text": "the Fed raise rates, which would cause"}, {"start": "00:03:29", "end": "00:03:35", "text": "the dollar to go up, therefore Bitcoin"}, {"start": "00:03:32", "end": "00:03:40", "text": "would go down, right?"}, {"start": "00:03:35", "end": "00:03:42", "text": "That didn't happen.\" Now, if you look at"}, {"start": "00:03:40", "end": "00:03:45", "text": "energy prices, right, if we go look at"}, {"start": "00:03:42", "end": "00:03:48", "text": "at XLE, for example, that's what I I"}, {"start": "00:03:45", "end": "00:03:50", "text": "mainly track here. Um, energy has has"}, {"start": "00:03:48", "end": "00:03:53", "text": "actually had a really good move over the"}, {"start": "00:03:50", "end": "00:03:55", "text": "last few months. And yields"}, {"start": "00:03:53", "end": "00:03:57", "text": "went up, right? If you look at at say"}, {"start": "00:03:55", "end": "00:04:00", "text": "like the 10-year yield, we talked a lot"}, {"start": "00:03:57", "end": "00:04:01", "text": "about the 10-year yield running to about"}, {"start": "00:04:00", "end": "00:04:03", "text": "5%."}, {"start": "00:04:01", "end": "00:04:05", "text": "Which it now has, the 30-year yield"}, {"start": "00:04:03", "end": "00:04:08", "text": "going and setting new highs, which it"}, {"start": "00:04:05", "end": "00:04:11", "text": "has. That forced the Fed to raise rates."}, {"start": "00:04:08", "end": "00:04:13", "text": "If you look at at interest rates, um, so"}, {"start": "00:04:11", "end": "00:04:15", "text": "I think we're I need to figure out how"}, {"start": "00:04:13", "end": "00:04:18", "text": "to add that on here. But if you look at"}, {"start": "00:04:15", "end": "00:04:21", "text": "interest rates then um we saw that"}, {"start": "00:04:18", "end": "00:04:23", "text": "interest rates went up and then when the"}, {"start": "00:04:21", "end": "00:04:26", "text": "Fed raised rates"}, {"start": "00:04:23", "end": "00:04:29", "text": "the dollar of course started to show"}, {"start": "00:04:26", "end": "00:04:34", "text": "strength once again. Now, what's"}, {"start": "00:04:29", "end": "00:04:36", "text": "interesting about the dollar chart is"}, {"start": "00:04:34", "end": "00:04:37", "text": "I was thinking, all right, we're going"}, {"start": "00:04:36", "end": "00:04:39", "text": "to have we have a low, we've got a"}, {"start": "00:04:37", "end": "00:04:42", "text": "higher low, we're going to have another"}, {"start": "00:04:39", "end": "00:04:46", "text": "higher low, and upon that higher low,"}, {"start": "00:04:42", "end": "00:04:48", "text": "Bitcoin should start to show weakness."}, {"start": "00:04:46", "end": "00:04:50", "text": "So, if you overlay Bitcoin, this is"}, {"start": "00:04:48", "end": "00:04:52", "text": "where I got it wrong, right? Like, this"}, {"start": "00:04:50", "end": "00:04:54", "text": "is this is where I got it wrong. I was"}, {"start": "00:04:52", "end": "00:04:57", "text": "looking at at this thinking, all right,"}, {"start": "00:04:54", "end": "00:04:59", "text": "the last time the dollar sort of put in"}, {"start": "00:04:57", "end": "00:05:03", "text": "that double bottom pattern. It"}, {"start": "00:04:59", "end": "00:05:06", "text": "corresponded to Bitcoin's local top."}, {"start": "00:05:03", "end": "00:05:08", "text": "This time we got that double the double"}, {"start": "00:05:06", "end": "00:05:10", "text": "bottom pattern again, but instead of"}, {"start": "00:05:08", "end": "00:05:15", "text": "Bitcoin dropping like I thought it was"}, {"start": "00:05:10", "end": "00:05:17", "text": "going to do, instead Bitcoin went up"}, {"start": "00:05:15", "end": "00:05:20", "text": "with the dollar. Right? So you see"}, {"start": "00:05:17", "end": "00:05:24", "text": "there's like a divergence there. The"}, {"start": "00:05:20", "end": "00:05:27", "text": "dollar went up in May and then Bitcoin"}, {"start": "00:05:24", "end": "00:05:28", "text": "went down after the double bottom. This"}, {"start": "00:05:27", "end": "00:05:31", "text": "time"}, {"start": "00:05:28", "end": "00:05:35", "text": "the dollar went up like like it did back"}, {"start": "00:05:31", "end": "00:05:37", "text": "then, but then Bitcoin followed."}, {"start": "00:05:35", "end": "00:05:39", "text": "So"}, {"start": "00:05:37", "end": "00:05:42", "text": "something changed, right? Like something"}, {"start": "00:05:39", "end": "00:05:46", "text": "clearly changed."}, {"start": "00:05:42", "end": "00:05:48", "text": "Now if you ignore all that stuff,"}, {"start": "00:05:46", "end": "00:05:50", "text": "which is reasonable, right? I mean, I I"}, {"start": "00:05:48", "end": "00:05:52", "text": "don't really think you have to have a"}, {"start": "00:05:50", "end": "00:05:54", "text": "narrative to justify anything. If you"}, {"start": "00:05:52", "end": "00:05:59", "text": "ignore all that stuff and you just look"}, {"start": "00:05:54", "end": "00:06:02", "text": "at the Bitcoin chart, Bitcoin"}, {"start": "00:05:59", "end": "00:06:04", "text": "formed a low in February when it"}, {"start": "00:06:02", "end": "00:06:06", "text": "normally does, right? Like when it"}, {"start": "00:06:04", "end": "00:06:09", "text": "normally does, February of the midterm"}, {"start": "00:06:06", "end": "00:06:10", "text": "year. You can see that it's kind of done"}, {"start": "00:06:09", "end": "00:06:14", "text": "that time and time again. It also did it"}, {"start": "00:06:10", "end": "00:06:16", "text": "all the way over here in uh 2014 as"}, {"start": "00:06:14", "end": "00:06:18", "text": "well."}, {"start": "00:06:16", "end": "00:06:21", "text": "So February, let me change this to a"}, {"start": "00:06:18", "end": "00:06:21", "text": "weekly chart."}, {"start": "00:06:22", "end": "00:06:28", "text": "So you have your February lows and then"}, {"start": "00:06:24", "end": "00:06:31", "text": "following the February low, you have"}, {"start": "00:06:28", "end": "00:06:34", "text": "your summer low, right? Your summer"}, {"start": "00:06:31", "end": "00:06:36", "text": "2018,"}, {"start": "00:06:34", "end": "00:06:40", "text": "summer of 2022,"}, {"start": "00:06:36", "end": "00:06:42", "text": "and then summer of 2026."}, {"start": "00:06:40", "end": "00:06:44", "text": "So all of that lines up. And it was"}, {"start": "00:06:42", "end": "00:06:45", "text": "because of that I said, well, look,"}, {"start": "00:06:44", "end": "00:06:49", "text": "normally what happens in the second half"}, {"start": "00:06:45", "end": "00:06:52", "text": "of midterm years is Bitcoin rallies uh"}, {"start": "00:06:49", "end": "00:06:54", "text": "and then it comes back down and then"}, {"start": "00:06:52", "end": "00:06:57", "text": "once we get into the fourth quarter, we"}, {"start": "00:06:54", "end": "00:07:00", "text": "get a drop that no one ever anticipates"}, {"start": "00:06:57", "end": "00:07:04", "text": "and and then we'll be on our way, right?"}, {"start": "00:07:00", "end": "00:07:07", "text": "And normally you would expect about a"}, {"start": "00:07:04", "end": "00:07:09", "text": "40% rally, right? If you look at 2018,"}, {"start": "00:07:07", "end": "00:07:14", "text": "it was a 40% rally off the lows, like"}, {"start": "00:07:09", "end": "00:07:15", "text": "45%. 2022 it was about 40%. And so I"}, {"start": "00:07:14", "end": "00:07:18", "text": "said all right you know maybe we could"}, {"start": "00:07:15", "end": "00:07:20", "text": "go up 40% from the lows. I said this"}, {"start": "00:07:18", "end": "00:07:24", "text": "back in July thinking that we could have"}, {"start": "00:07:20", "end": "00:07:27", "text": "that but then it didn't happen in July"}, {"start": "00:07:24", "end": "00:07:29", "text": "right so I was thinking all right if"}, {"start": "00:07:27", "end": "00:07:32", "text": "we're going to follow 2018 you'll have"}, {"start": "00:07:29", "end": "00:07:34", "text": "that countertrend move in July and then"}, {"start": "00:07:32", "end": "00:07:38", "text": "you'll come back down. What what what"}, {"start": "00:07:34", "end": "00:07:41", "text": "happened is we got a barely anything and"}, {"start": "00:07:38", "end": "00:07:44", "text": "then it didn't break up until August. So"}, {"start": "00:07:41", "end": "00:07:46", "text": "that's kind of where I started to get"}, {"start": "00:07:44", "end": "00:07:49", "text": "offkilter a little bit because that's"}, {"start": "00:07:46", "end": "00:07:53", "text": "where things really started to diverge"}, {"start": "00:07:49", "end": "00:07:57", "text": "some um because Bitcoin from the low has"}, {"start": "00:07:53", "end": "00:08:00", "text": "now rallied all the way up 50%. Which is"}, {"start": "00:07:57", "end": "00:08:03", "text": "a bigger move up after a summer low than"}, {"start": "00:08:00", "end": "00:08:06", "text": "we saw in the last two midterm years. So"}, {"start": "00:08:03", "end": "00:08:07", "text": "something clearly changed. Furthermore,"}, {"start": "00:08:06", "end": "00:08:10", "text": "not only is it different in that sense,"}, {"start": "00:08:07", "end": "00:08:14", "text": "but also"}, {"start": "00:08:10", "end": "00:08:17", "text": "Bitcoin set a higher high, right? So in"}, {"start": "00:08:14", "end": "00:08:19", "text": "from the summer rally of 2018, it was a"}, {"start": "00:08:17", "end": "00:08:25", "text": "lower high and the summer rally from"}, {"start": "00:08:19", "end": "00:08:26", "text": "2022, it was a lower high. So for me"}, {"start": "00:08:25", "end": "00:08:28", "text": "now, like I'm looking at this and"}, {"start": "00:08:26", "end": "00:08:31", "text": "thinking like, all right, well,"}, {"start": "00:08:28", "end": "00:08:34", "text": "something clearly changed in in, you"}, {"start": "00:08:31", "end": "00:08:37", "text": "know, in the markets because the dollar"}, {"start": "00:08:34", "end": "00:08:40", "text": "went up, Bitcoin"}, {"start": "00:08:37", "end": "00:08:44", "text": "went up with it. Now, in some ways,"}, {"start": "00:08:40", "end": "00:08:47", "text": "perhaps Bitcoin is a little bit more"}, {"start": "00:08:44", "end": "00:08:50", "text": "correlated to traditional markets now"}, {"start": "00:08:47", "end": "00:08:53", "text": "because of the ETFs and traditional"}, {"start": "00:08:50", "end": "00:08:56", "text": "markets and midterm years often can stay"}, {"start": "00:08:53", "end": "00:08:58", "text": "bullish uh even into late September. In"}, {"start": "00:08:56", "end": "00:09:02", "text": "fact, we actually saw that happen the"}, {"start": "00:08:58", "end": "00:09:05", "text": "last two midterm years, right? The last"}, {"start": "00:09:02", "end": "00:09:07", "text": "two midterm years. You look at September"}, {"start": "00:09:05", "end": "00:09:09", "text": "of"}, {"start": "00:09:07", "end": "00:09:11", "text": "20, sorry, not last one, the last one"}, {"start": "00:09:09", "end": "00:09:14", "text": "was it was the drop started in August."}, {"start": "00:09:11", "end": "00:09:17", "text": "If you look at September of 2018, um the"}, {"start": "00:09:14", "end": "00:09:22", "text": "stock market found a high on September"}, {"start": "00:09:17", "end": "00:09:25", "text": "21st and then it had a 20% drop. And"}, {"start": "00:09:22", "end": "00:09:28", "text": "then in 2014,"}, {"start": "00:09:25", "end": "00:09:31", "text": "the stock market found a high on"}, {"start": "00:09:28", "end": "00:09:34", "text": "September 19th"}, {"start": "00:09:31", "end": "00:09:36", "text": "before a 10% drop. Right?"}, {"start": "00:09:34", "end": "00:09:39", "text": "So"}, {"start": "00:09:36", "end": "00:09:41", "text": "you have"}, {"start": "00:09:39", "end": "00:09:42", "text": "examples in the past where the stock"}, {"start": "00:09:41", "end": "00:09:44", "text": "market started that drop, but that"}, {"start": "00:09:42", "end": "00:09:46", "text": "doesn't mean it has to. Uh there are"}, {"start": "00:09:44", "end": "00:09:49", "text": "midterm years where the stock market"}, {"start": "00:09:46", "end": "00:09:53", "text": "does not top out in late September. I"}, {"start": "00:09:49", "end": "00:09:55", "text": "believe 2010 uh is an example where the"}, {"start": "00:09:53", "end": "00:10:01", "text": "stock market found or sorry where was"}, {"start": "00:09:55", "end": "00:10:05", "text": "it? 2010 the stock market found um a low"}, {"start": "00:10:01", "end": "00:10:08", "text": "in early July"}, {"start": "00:10:05", "end": "00:10:10", "text": "and then went up"}, {"start": "00:10:08", "end": "00:10:12", "text": "into the end of the year rather than"}, {"start": "00:10:10", "end": "00:10:14", "text": "getting that correction. So it it's not"}, {"start": "00:10:12", "end": "00:10:16", "text": "like there has to be a correction"}, {"start": "00:10:14", "end": "00:10:18", "text": "because it's happened in three of the"}, {"start": "00:10:16", "end": "00:10:21", "text": "last midterm years. If you go back to"}, {"start": "00:10:18", "end": "00:10:23", "text": "four midterm years ago in 2010, there"}, {"start": "00:10:21", "end": "00:10:25", "text": "wasn't a correction. Now, that was also"}, {"start": "00:10:23", "end": "00:10:26", "text": "coming off the back of the financial"}, {"start": "00:10:25", "end": "00:10:29", "text": "crisis where the market had already"}, {"start": "00:10:26", "end": "00:10:32", "text": "dropped like over 50%. But it does go to"}, {"start": "00:10:29", "end": "00:10:35", "text": "show you that you don't always get one."}, {"start": "00:10:32", "end": "00:10:38", "text": "So,"}, {"start": "00:10:35", "end": "00:10:40", "text": "because of this move, right, like I I"}, {"start": "00:10:38", "end": "00:10:44", "text": "have to be a little bit more open-minded"}, {"start": "00:10:40", "end": "00:10:48", "text": "now uh to, you know, to where Bitcoin"}, {"start": "00:10:44", "end": "00:10:52", "text": "goes from here. The last time,"}, {"start": "00:10:48", "end": "00:10:53", "text": "arguably, the last time I was this wrong"}, {"start": "00:10:52", "end": "00:10:55", "text": "about something, right? I get I get"}, {"start": "00:10:53", "end": "00:10:58", "text": "things wrong all the time. Who are we"}, {"start": "00:10:55", "end": "00:11:03", "text": "kidding, right? But the last time I was"}, {"start": "00:10:58", "end": "00:11:08", "text": "this wrong about something was in 2023."}, {"start": "00:11:03", "end": "00:11:11", "text": "So, in 2023, I I said that I I thought"}, {"start": "00:11:08", "end": "00:11:14", "text": "that Bitcoin would not exceed $35,000"}, {"start": "00:11:11", "end": "00:11:16", "text": "for the rest of the year. I thought that"}, {"start": "00:11:14", "end": "00:11:20", "text": "35K would would basically be as high as"}, {"start": "00:11:16", "end": "00:11:22", "text": "it would go and um we clearly broke"}, {"start": "00:11:20", "end": "00:11:27", "text": "through that and and that was like the"}, {"start": "00:11:22", "end": "00:11:30", "text": "last time where I really, you know, uh"}, {"start": "00:11:27", "end": "00:11:33", "text": "felt the wrath, right? Felt felt the"}, {"start": "00:11:30", "end": "00:11:36", "text": "internet's wrath was probably like late"}, {"start": "00:11:33", "end": "00:11:39", "text": "2023 around October. So about 3 years"}, {"start": "00:11:36", "end": "00:11:42", "text": "ago, almost exactly 3 years ago is is"}, {"start": "00:11:39", "end": "00:11:44", "text": "where that happened. And"}, {"start": "00:11:42", "end": "00:11:46", "text": "perhaps the same thing is happening now,"}, {"start": "00:11:44", "end": "00:11:49", "text": "right? Where, you know, and by the way,"}, {"start": "00:11:46", "end": "00:11:52", "text": "in October of 2023 when Bitcoin broke"}, {"start": "00:11:49", "end": "00:11:54", "text": "through, I did the same thing that I did"}, {"start": "00:11:52", "end": "00:11:57", "text": "today. Like I made a video, I said I was"}, {"start": "00:11:54", "end": "00:11:59", "text": "wrong and I just moved on with my life"}, {"start": "00:11:57", "end": "00:12:03", "text": "and I I tried to regroup and and and"}, {"start": "00:11:59", "end": "00:12:08", "text": "reassess. as it stands right now,"}, {"start": "00:12:03", "end": "00:12:11", "text": "you know, Bitcoin has broken through and"}, {"start": "00:12:08", "end": "00:12:14", "text": "unless that changes,"}, {"start": "00:12:11", "end": "00:12:16", "text": "then I have to respect like the new"}, {"start": "00:12:14", "end": "00:12:19", "text": "structure of the market. I I cannot, you"}, {"start": "00:12:16", "end": "00:12:22", "text": "know, unwind this in my mind. The only"}, {"start": "00:12:19", "end": "00:12:25", "text": "thing that would change something is if"}, {"start": "00:12:22", "end": "00:12:27", "text": "this were completely retraced, which at"}, {"start": "00:12:25", "end": "00:12:30", "text": "the current time I don't really feel"}, {"start": "00:12:27", "end": "00:12:32", "text": "like I have any type of authority to"}, {"start": "00:12:30", "end": "00:12:34", "text": "suggest that something like that would"}, {"start": "00:12:32", "end": "00:12:36", "text": "happen because I didn't predict the"}, {"start": "00:12:34", "end": "00:12:39", "text": "breakout in the first place. Right? A"}, {"start": "00:12:36", "end": "00:12:42", "text": "lot of times it it it's convenient for"}, {"start": "00:12:39", "end": "00:12:45", "text": "people who were wrong about something to"}, {"start": "00:12:42", "end": "00:12:48", "text": "then try to figure out like well why uh"}, {"start": "00:12:45", "end": "00:12:50", "text": "you know why does it have to like why"}, {"start": "00:12:48", "end": "00:12:51", "text": "does it have to then come back or or do"}, {"start": "00:12:50", "end": "00:12:53", "text": "something that they initially thought"}, {"start": "00:12:51", "end": "00:12:55", "text": "and so I don't really feel like I have"}, {"start": "00:12:53", "end": "00:12:58", "text": "the authority at this point right like"}, {"start": "00:12:55", "end": "00:13:02", "text": "the credibility to to suggest that and"}, {"start": "00:12:58", "end": "00:13:05", "text": "so I think it would be more prudent to"}, {"start": "00:13:02", "end": "00:13:08", "text": "listen to other people's views about"}, {"start": "00:13:05", "end": "00:13:10", "text": "what's happening happening right now um"}, {"start": "00:13:08", "end": "00:13:13", "text": "rather than mine because I didn't"}, {"start": "00:13:10", "end": "00:13:15", "text": "predict this move in the first place. So"}, {"start": "00:13:13", "end": "00:13:18", "text": "if I didn't predict it in the first"}, {"start": "00:13:15", "end": "00:13:20", "text": "place, then I'm scrambling to figure out"}, {"start": "00:13:18", "end": "00:13:23", "text": "what's happening. Whereas there's other"}, {"start": "00:13:20", "end": "00:13:24", "text": "people uh that are not scrambling to"}, {"start": "00:13:23", "end": "00:13:28", "text": "figure out what's happening. Perhaps"}, {"start": "00:13:24", "end": "00:13:33", "text": "they were able to foresee this uh better"}, {"start": "00:13:28", "end": "00:13:34", "text": "than me. in which case it's better to to"}, {"start": "00:13:33", "end": "00:13:39", "text": "figure out what they're thinking and"}, {"start": "00:13:34", "end": "00:13:41", "text": "what they're saying than to, you know,"}, {"start": "00:13:39", "end": "00:13:43", "text": "listen to someone who was wrong. And"}, {"start": "00:13:41", "end": "00:13:45", "text": "that doesn't mean that like my opinion"}, {"start": "00:13:43", "end": "00:13:47", "text": "is never valid in the future. I'm not"}, {"start": "00:13:45", "end": "00:13:49", "text": "I'm not suggesting that. Um I I do"}, {"start": "00:13:47", "end": "00:13:51", "text": "think, you know, at times I can have"}, {"start": "00:13:49", "end": "00:13:54", "text": "good runs, but what it means is that"}, {"start": "00:13:51", "end": "00:13:56", "text": "when you find yourself on the wrong side"}, {"start": "00:13:54", "end": "00:13:58", "text": "of the market, uh there's there's"}, {"start": "00:13:56", "end": "00:14:01", "text": "usually something you're missing, right?"}, {"start": "00:13:58", "end": "00:14:04", "text": "and and I'm, you know, still trying to"}, {"start": "00:14:01", "end": "00:14:06", "text": "figure out what that is, right? So,"}, {"start": "00:14:04", "end": "00:14:09", "text": "that's what I would argue, you know, and"}, {"start": "00:14:06", "end": "00:14:11", "text": "I I've I've gone through and I I've"}, {"start": "00:14:09", "end": "00:14:14", "text": "looked at at what has Bitcoin done uh"}, {"start": "00:14:11", "end": "00:14:16", "text": "during past rate hikes because my"}, {"start": "00:14:14", "end": "00:14:18", "text": "thinking was this and and I think this"}, {"start": "00:14:16", "end": "00:14:21", "text": "is where I really really went wrong."}, {"start": "00:14:18", "end": "00:14:24", "text": "Okay, I thought that when the Fed was"}, {"start": "00:14:21", "end": "00:14:27", "text": "forced to raise rates that Bitcoin would"}, {"start": "00:14:24", "end": "00:14:31", "text": "repric lower because I thought that"}, {"start": "00:14:27", "end": "00:14:33", "text": "Bitcoin would not like the rate hike,"}, {"start": "00:14:31", "end": "00:14:36", "text": "right? I I thought it would react"}, {"start": "00:14:33", "end": "00:14:41", "text": "negatively to that rate hike and the"}, {"start": "00:14:36", "end": "00:14:46", "text": "dollar going up, but that is actually"}, {"start": "00:14:41", "end": "00:14:49", "text": "not rooted in the data. And that is"}, {"start": "00:14:46", "end": "00:14:53", "text": "where I went wrong because if you look"}, {"start": "00:14:49", "end": "00:14:56", "text": "at what Bitcoin did after the other rate"}, {"start": "00:14:53", "end": "00:14:59", "text": "hikes that we had the f so if you look"}, {"start": "00:14:56", "end": "00:15:03", "text": "at like the rate hiking cycles"}, {"start": "00:14:59", "end": "00:15:06", "text": "if we go look at um interest rates the"}, {"start": "00:15:03", "end": "00:15:08", "text": "Fed funds rate"}, {"start": "00:15:06", "end": "00:15:09", "text": "what you'll notice is that there's since"}, {"start": "00:15:08", "end": "00:15:11", "text": "Bitcoin's been around there's been a"}, {"start": "00:15:09", "end": "00:15:13", "text": "couple of rate hiking cycles right one"}, {"start": "00:15:11", "end": "00:15:18", "text": "started in December of 2015 and then"}, {"start": "00:15:13", "end": "00:15:23", "text": "another one started in March of 2022."}, {"start": "00:15:18", "end": "00:15:26", "text": "And when we had the first rate hike of a"}, {"start": "00:15:23", "end": "00:15:30", "text": "rate hiking cycle,"}, {"start": "00:15:26", "end": "00:15:32", "text": "Bitcoin did not go down"}, {"start": "00:15:30", "end": "00:15:37", "text": "immediately. And in one case, the bottom"}, {"start": "00:15:32", "end": "00:15:39", "text": "was already in. If you look at Bitcoin's"}, {"start": "00:15:37", "end": "00:15:40", "text": "ROI"}, {"start": "00:15:39", "end": "00:15:46", "text": "after the first rate hike of a rate"}, {"start": "00:15:40", "end": "00:15:46", "text": "hiking cycle, this is December 2015."}, {"start": "00:15:46", "end": "00:15:51", "text": "This is March of 2022."}, {"start": "00:15:49", "end": "00:15:55", "text": "So those were when we had the first rate"}, {"start": "00:15:51", "end": "00:15:57", "text": "hike of a rate hiking cycle. And I was"}, {"start": "00:15:55", "end": "00:15:59", "text": "thinking, all right, well, a rate hike"}, {"start": "00:15:57", "end": "00:16:01", "text": "in the short term is probably bearish,"}, {"start": "00:15:59", "end": "00:16:03", "text": "but over a longer period of time would"}, {"start": "00:16:01", "end": "00:16:04", "text": "be bullish because a rate hike just"}, {"start": "00:16:03", "end": "00:16:05", "text": "means the economy is fine. So that's"}, {"start": "00:16:04", "end": "00:16:08", "text": "what I thought would happen. I thought"}, {"start": "00:16:05", "end": "00:16:10", "text": "Bitcoin would repric and but it would"}, {"start": "00:16:08", "end": "00:16:12", "text": "actually be okay and it would just spook"}, {"start": "00:16:10", "end": "00:16:13", "text": "people in the short term."}, {"start": "00:16:12", "end": "00:16:15", "text": "So"}, {"start": "00:16:13", "end": "00:16:18", "text": "from there I was looking at all right"}, {"start": "00:16:15", "end": "00:16:20", "text": "well what did what did Bitcoin do after"}, {"start": "00:16:18", "end": "00:16:24", "text": "the first rate hike in a rate hiking"}, {"start": "00:16:20", "end": "00:16:27", "text": "cycle and you have the December 2015"}, {"start": "00:16:24", "end": "00:16:29", "text": "line Bitcoin went a little bit lower but"}, {"start": "00:16:27", "end": "00:16:31", "text": "the bottom was already in right like"}, {"start": "00:16:29", "end": "00:16:33", "text": "Bitcoin continued higher after that and"}, {"start": "00:16:31", "end": "00:16:35", "text": "you can even extend it out and then if"}, {"start": "00:16:33", "end": "00:16:39", "text": "you look at the other rate hiking cycle"}, {"start": "00:16:35", "end": "00:16:41", "text": "March 2022 Bitcoin actually went up"}, {"start": "00:16:39", "end": "00:16:46", "text": "initially"}, {"start": "00:16:41", "end": "00:16:49", "text": "So if I had been a little bit more"}, {"start": "00:16:46", "end": "00:16:52", "text": "rigorous in my thought process around"}, {"start": "00:16:49", "end": "00:16:54", "text": "this rate hike, perhaps I would not have"}, {"start": "00:16:52", "end": "00:16:58", "text": "come to the conclusion that Bitcoin"}, {"start": "00:16:54", "end": "00:17:02", "text": "would have to then repric. Okay. So from"}, {"start": "00:16:58", "end": "00:17:04", "text": "there, if you look at the current one,"}, {"start": "00:17:02", "end": "00:17:05", "text": "the current first rate hike of this rate"}, {"start": "00:17:04", "end": "00:17:06", "text": "hiking cycle, which is arguably is it"}, {"start": "00:17:05", "end": "00:17:08", "text": "even the first rate hike or is it just"}, {"start": "00:17:06", "end": "00:17:12", "text": "kind of a continuation from the past"}, {"start": "00:17:08", "end": "00:17:15", "text": "one? Bitcoin has also gone up,"}, {"start": "00:17:12", "end": "00:17:16", "text": "but that doesn't mean it has to follow"}, {"start": "00:17:15", "end": "00:17:18", "text": "either of these two other paths. What"}, {"start": "00:17:16", "end": "00:17:21", "text": "I'm showing you is that in one of these"}, {"start": "00:17:18", "end": "00:17:24", "text": "paths, the low was in"}, {"start": "00:17:21", "end": "00:17:28", "text": "already, and in the other one, it"}, {"start": "00:17:24", "end": "00:17:31", "text": "obviously wasn't. But, you know, it took"}, {"start": "00:17:28", "end": "00:17:32", "text": "about three more months for Bitcoin to"}, {"start": "00:17:31", "end": "00:17:34", "text": "to or not. No, I mean it didn't take"}, {"start": "00:17:32", "end": "00:17:36", "text": "three more months, but you can see that"}, {"start": "00:17:34", "end": "00:17:39", "text": "Bitcoin sort of fell off, but that was"}, {"start": "00:17:36", "end": "00:17:41", "text": "going into the uh into the summer low,"}, {"start": "00:17:39", "end": "00:17:42", "text": "right? Which Bitcoin already had that,"}, {"start": "00:17:41", "end": "00:17:46", "text": "right? Bitcoin already had that big drop"}, {"start": "00:17:42", "end": "00:17:48", "text": "into the summer low. So,"}, {"start": "00:17:46", "end": "00:17:51", "text": "looking at this, you can take the"}, {"start": "00:17:48", "end": "00:17:52", "text": "average of the last two."}, {"start": "00:17:51", "end": "00:17:55", "text": "You can see that Bitcoin is clearly"}, {"start": "00:17:52", "end": "00:17:59", "text": "outperforming the average of the last"}, {"start": "00:17:55", "end": "00:18:01", "text": "two. And had I looked at March of 2022,"}, {"start": "00:17:59", "end": "00:18:03", "text": "uh, without a, you know, without the the"}, {"start": "00:18:01", "end": "00:18:05", "text": "the drop into the summer, I could have"}, {"start": "00:18:03", "end": "00:18:07", "text": "looked at that and known that there was"}, {"start": "00:18:05", "end": "00:18:10", "text": "a good chance that Bitcoin could in fact"}, {"start": "00:18:07", "end": "00:18:12", "text": "break out, especially if you couple that"}, {"start": "00:18:10", "end": "00:18:14", "text": "with the golden cross that Bitcoin had,"}, {"start": "00:18:12", "end": "00:18:16", "text": "right? I mean, it was kind of like the"}, {"start": "00:18:14", "end": "00:18:18", "text": "perfect storm for it to happen. You had"}, {"start": "00:18:16", "end": "00:18:20", "text": "the golden cross. We said after the"}, {"start": "00:18:18", "end": "00:18:21", "text": "golden cross, Bitcoin normally dumps and"}, {"start": "00:18:20", "end": "00:18:23", "text": "then it rallies again and then we wait"}, {"start": "00:18:21", "end": "00:18:25", "text": "to see if it's a higher high or a lower"}, {"start": "00:18:23", "end": "00:18:28", "text": "high. and in this case was a higher"}, {"start": "00:18:25", "end": "00:18:31", "text": "high."}, {"start": "00:18:28", "end": "00:18:33", "text": "So you're coupling that with a rate hike"}, {"start": "00:18:31", "end": "00:18:35", "text": "and it it's doing almost the same thing"}, {"start": "00:18:33", "end": "00:18:38", "text": "it did after one of the other rate hikes"}, {"start": "00:18:35", "end": "00:18:41", "text": "that we had. And again in one of these"}, {"start": "00:18:38", "end": "00:18:43", "text": "cycles while we did go lower, the bottom"}, {"start": "00:18:41", "end": "00:18:46", "text": "was already in, right? because in in the"}, {"start": "00:18:43", "end": "00:18:50", "text": "2015 cycle, Bitcoin did go back down um"}, {"start": "00:18:46", "end": "00:18:53", "text": "into about day 90, but it was only about"}, {"start": "00:18:50", "end": "00:18:56", "text": "30% down from where the rate hike"}, {"start": "00:18:53", "end": "00:18:57", "text": "occurred, which would still not I mean,"}, {"start": "00:18:56", "end": "00:18:58", "text": "you know, if you're just kind of"}, {"start": "00:18:57", "end": "00:19:02", "text": "averaging that out, like that's still"}, {"start": "00:18:58", "end": "00:19:03", "text": "not necessarily a new low in the market."}, {"start": "00:19:02", "end": "00:19:05", "text": "And then I thought, well, I don't really"}, {"start": "00:19:03", "end": "00:19:08", "text": "like comparing it to the first rate hike"}, {"start": "00:19:05", "end": "00:19:10", "text": "in the cycle because, you know, is this"}, {"start": "00:19:08", "end": "00:19:13", "text": "really the first rate hike? Maybe it is."}, {"start": "00:19:10", "end": "00:19:14", "text": "I mean, by the techn by the technical"}, {"start": "00:19:13", "end": "00:19:16", "text": "definition, it is because we shouldn't"}, {"start": "00:19:14", "end": "00:19:18", "text": "assume that rates have to always go back"}, {"start": "00:19:16", "end": "00:19:20", "text": "down to zero before we start counting it"}, {"start": "00:19:18", "end": "00:19:21", "text": "to be the first rate hike in a cycle,"}, {"start": "00:19:20", "end": "00:19:23", "text": "right? I mean, there's plenty of times"}, {"start": "00:19:21", "end": "00:19:24", "text": "throughout history where they raise"}, {"start": "00:19:23", "end": "00:19:26", "text": "rates, it comes back down, but then they"}, {"start": "00:19:24", "end": "00:19:28", "text": "just raise rates again, and they don't"}, {"start": "00:19:26", "end": "00:19:30", "text": "go all the way back down to zero, if"}, {"start": "00:19:28", "end": "00:19:33", "text": "that makes sense."}, {"start": "00:19:30", "end": "00:19:36", "text": "So, I was like, well, have there been"}, {"start": "00:19:33", "end": "00:19:39", "text": "any rate hikes in September of a midterm"}, {"start": "00:19:36", "end": "00:19:41", "text": "year? And what happened then? So, then I"}, {"start": "00:19:39", "end": "00:19:44", "text": "went and looked at that And I was like,"}, {"start": "00:19:41", "end": "00:19:48", "text": "okay, we've got"}, {"start": "00:19:44", "end": "00:19:51", "text": "an example here. September 2018, the Fed"}, {"start": "00:19:48", "end": "00:19:53", "text": "raised rates. Bitcoin didn't drop. I"}, {"start": "00:19:51", "end": "00:19:55", "text": "mean, it did later, but it but by then"}, {"start": "00:19:53", "end": "00:19:57", "text": "then it was putting in lower highs. They"}, {"start": "00:19:55", "end": "00:20:00", "text": "This is a higher high."}, {"start": "00:19:57", "end": "00:20:02", "text": "It didn't immediately drop after a rate"}, {"start": "00:20:00", "end": "00:20:05", "text": "hike in September of 2018. And in"}, {"start": "00:20:02", "end": "00:20:08", "text": "September of 2022, it also did not"}, {"start": "00:20:05", "end": "00:20:10", "text": "immediately drop. In fact, in September"}, {"start": "00:20:08", "end": "00:20:11", "text": "of 2022, after the first after that, not"}, {"start": "00:20:10", "end": "00:20:16", "text": "the first rate hike, but after the rate"}, {"start": "00:20:11", "end": "00:20:18", "text": "hike in September 2022, Bitcoin went up,"}, {"start": "00:20:16", "end": "00:20:22", "text": "just like it has in September of 2026."}, {"start": "00:20:18", "end": "00:20:27", "text": "September 2026, it's gone up more."}, {"start": "00:20:22", "end": "00:20:28", "text": "even if Bitcoin experienced downside in"}, {"start": "00:20:27", "end": "00:20:30", "text": "say like month two or something because"}, {"start": "00:20:28", "end": "00:20:33", "text": "if you look at at history after rate"}, {"start": "00:20:30", "end": "00:20:34", "text": "hikes um in the midterm year or after"}, {"start": "00:20:33", "end": "00:20:36", "text": "the first rate hiking cycle, Bitcoin"}, {"start": "00:20:34", "end": "00:20:39", "text": "tends to do pretty well for like the"}, {"start": "00:20:36", "end": "00:20:41", "text": "first month or so after that. You can"}, {"start": "00:20:39", "end": "00:20:43", "text": "see that what happened in 2022 is we had"}, {"start": "00:20:41", "end": "00:20:47", "text": "the FTX collapse"}, {"start": "00:20:43", "end": "00:20:50", "text": "and Bitcoin then went down about 15%"}, {"start": "00:20:47", "end": "00:20:55", "text": "from where the rate hike occurred. Well,"}, {"start": "00:20:50", "end": "00:20:57", "text": "15% from where the rate hike occurred,"}, {"start": "00:20:55", "end": "00:20:59", "text": "I don't even know exactly. It was"}, {"start": "00:20:57", "end": "00:21:01", "text": "somewhere over here, right? Would not"}, {"start": "00:20:59", "end": "00:21:03", "text": "even be a new low, right? Like that"}, {"start": "00:21:01", "end": "00:21:06", "text": "wouldn't even be a new low. So, because"}, {"start": "00:21:03", "end": "00:21:10", "text": "of all that, right, like I I have to"}, {"start": "00:21:06", "end": "00:21:13", "text": "reassess, right? Like I have to like"}, {"start": "00:21:10", "end": "00:21:17", "text": "look to see where we are now. And at"}, {"start": "00:21:13", "end": "00:21:19", "text": "this point in the short term,"}, {"start": "00:21:17", "end": "00:21:23", "text": "I don't think you defer to me. I I think"}, {"start": "00:21:19", "end": "00:21:26", "text": "you defer to to those that were calling"}, {"start": "00:21:23", "end": "00:21:28", "text": "for this and go see what they have to"}, {"start": "00:21:26", "end": "00:21:32", "text": "say."}, {"start": "00:21:28", "end": "00:21:35", "text": "If Bitcoin were to show weakness in like"}, {"start": "00:21:32", "end": "00:21:37", "text": "a month or two,"}, {"start": "00:21:35", "end": "00:21:38", "text": "then you come back and you look at at"}, {"start": "00:21:37", "end": "00:21:42", "text": "some of these charts to try to get an"}, {"start": "00:21:38", "end": "00:21:44", "text": "idea of, okay, like if if we do go back"}, {"start": "00:21:42", "end": "00:21:46", "text": "down, you know, how much further could"}, {"start": "00:21:44", "end": "00:21:49", "text": "we go? Could it be a higher low? And"}, {"start": "00:21:46", "end": "00:21:50", "text": "certainly with a higher high,"}, {"start": "00:21:49", "end": "00:21:53", "text": "I have to be open-minded to the next"}, {"start": "00:21:50", "end": "00:21:54", "text": "drop whenever it occurs being a higher"}, {"start": "00:21:53", "end": "00:21:56", "text": "low."}, {"start": "00:21:54", "end": "00:21:59", "text": "The other thing that I I sort of was"}, {"start": "00:21:56", "end": "00:22:01", "text": "looking at with the dollar and and kind"}, {"start": "00:21:59", "end": "00:22:02", "text": "of like"}, {"start": "00:22:01", "end": "00:22:05", "text": "trying to like figure out like what"}, {"start": "00:22:02", "end": "00:22:08", "text": "happened, I saw this pattern and and"}, {"start": "00:22:05", "end": "00:22:11", "text": "this pattern sort of reminds me of of"}, {"start": "00:22:08", "end": "00:22:14", "text": "USDT dominance. I'm sure everyone else"}, {"start": "00:22:11", "end": "00:22:17", "text": "um h you know is is familiar with USCD"}, {"start": "00:22:14", "end": "00:22:21", "text": "dominance but the dollar had a big drop"}, {"start": "00:22:17", "end": "00:22:23", "text": "consolidated and then had another drop"}, {"start": "00:22:21", "end": "00:22:24", "text": "down."}, {"start": "00:22:23", "end": "00:22:26", "text": "And what's interesting is that the"}, {"start": "00:22:24", "end": "00:22:28", "text": "dollar is sort of like testing these"}, {"start": "00:22:26", "end": "00:22:30", "text": "prior highs and it's actually gone below"}, {"start": "00:22:28", "end": "00:22:33", "text": "these prior highs like you know where it"}, {"start": "00:22:30", "end": "00:22:35", "text": "sort of built out this base."}, {"start": "00:22:33", "end": "00:22:37", "text": "it built out this massive base and then"}, {"start": "00:22:35", "end": "00:22:42", "text": "it it sort of broke through those prior"}, {"start": "00:22:37", "end": "00:22:44", "text": "highs and it formed a double bottom"}, {"start": "00:22:42", "end": "00:22:46", "text": "and now the dollar is actually heading"}, {"start": "00:22:44", "end": "00:22:51", "text": "back up."}, {"start": "00:22:46", "end": "00:22:53", "text": "But what's interesting is if you look at"}, {"start": "00:22:51", "end": "00:22:56", "text": "that pattern, right? Like if you look at"}, {"start": "00:22:53", "end": "00:23:00", "text": "this pattern right here,"}, {"start": "00:22:56", "end": "00:23:03", "text": "it it's actually not that different from"}, {"start": "00:23:00", "end": "00:23:05", "text": "USDT dominance. So if you look at at"}, {"start": "00:23:03", "end": "00:23:11", "text": "USDT do it's kind of like the same"}, {"start": "00:23:05", "end": "00:23:14", "text": "pattern in a way um where you have"}, {"start": "00:23:11", "end": "00:23:17", "text": "sorry you have like your initial"}, {"start": "00:23:14", "end": "00:23:20", "text": "drop by USDT dominance and then you get"}, {"start": "00:23:17", "end": "00:23:23", "text": "another drop to kind of connect these"}, {"start": "00:23:20", "end": "00:23:23", "text": "dots"}, {"start": "00:23:23", "end": "00:23:29", "text": "and then let's suppose there is a brief"}, {"start": "00:23:25", "end": "00:23:32", "text": "correction in October maybe USD"}, {"start": "00:23:29", "end": "00:23:34", "text": "dominance goes back up But that doesn't"}, {"start": "00:23:32", "end": "00:23:36", "text": "mean it has to immediately continue up"}, {"start": "00:23:34", "end": "00:23:39", "text": "like perhaps it comes right back down."}, {"start": "00:23:36", "end": "00:23:41", "text": "So"}, {"start": "00:23:39", "end": "00:23:43", "text": "the things to sort of look out for later"}, {"start": "00:23:41", "end": "00:23:45", "text": "this year and and again in the short"}, {"start": "00:23:43", "end": "00:23:48", "text": "term"}, {"start": "00:23:45", "end": "00:23:50", "text": "in terms of how high could Bitcoin go, I"}, {"start": "00:23:48", "end": "00:23:52", "text": "would encourage you to defer to other"}, {"start": "00:23:50", "end": "00:23:54", "text": "people who are on the right side of the"}, {"start": "00:23:52", "end": "00:23:58", "text": "move rather than to me because I don't"}, {"start": "00:23:54", "end": "00:24:00", "text": "know. I don't know. You know, I only the"}, {"start": "00:23:58", "end": "00:24:02", "text": "only time I bought Bitcoin uh I thought"}, {"start": "00:24:00", "end": "00:24:06", "text": "it was a good idea this year was back in"}, {"start": "00:24:02", "end": "00:24:09", "text": "July and below.3 risk and that's what I"}, {"start": "00:24:06", "end": "00:24:14", "text": "did but it only lasted for 5 days. So,"}, {"start": "00:24:09", "end": "00:24:15", "text": "you know, I got some but not a ton um"}, {"start": "00:24:14", "end": "00:24:19", "text": "because I thought we would spend more"}, {"start": "00:24:15", "end": "00:24:22", "text": "time below the.3 risk level. So from"}, {"start": "00:24:19", "end": "00:24:25", "text": "here in the short term I would defer to"}, {"start": "00:24:22", "end": "00:24:27", "text": "others who have a better handle on you"}, {"start": "00:24:25", "end": "00:24:30", "text": "know the current move that we're in. If"}, {"start": "00:24:27", "end": "00:24:32", "text": "we do see weakness later in the year I"}, {"start": "00:24:30", "end": "00:24:35", "text": "would not automatically assume that it"}, {"start": "00:24:32", "end": "00:24:38", "text": "has to be a lower low. It could resolve"}, {"start": "00:24:35", "end": "00:24:41", "text": "to a higher low like a macro higher low."}, {"start": "00:24:38", "end": "00:24:43", "text": "Um and we'll see. And you know, I think"}, {"start": "00:24:41", "end": "00:24:46", "text": "one of the things with Bitcoin too is"}, {"start": "00:24:43", "end": "00:24:49", "text": "that the final weakness historically in"}, {"start": "00:24:46", "end": "00:24:53", "text": "midterm years has occurred after the"}, {"start": "00:24:49", "end": "00:24:56", "text": "midterms in fact, right? So looking at"}, {"start": "00:24:53", "end": "00:25:02", "text": "um you know the midterms in 2022 and in"}, {"start": "00:24:56", "end": "00:25:05", "text": "2018 and in uh 2014, right? Like the the"}, {"start": "00:25:02", "end": "00:25:10", "text": "final weakness occurred after the"}, {"start": "00:25:05", "end": "00:25:15", "text": "midterms rather than before. So"}, {"start": "00:25:10", "end": "00:25:18", "text": "if you're looking for a macro higher low"}, {"start": "00:25:15", "end": "00:25:22", "text": "to print, then perhaps after the"}, {"start": "00:25:18", "end": "00:25:24", "text": "midterms is when it potentially could be"}, {"start": "00:25:22", "end": "00:25:25", "text": "kind of in line with what it's done"}, {"start": "00:25:24", "end": "00:25:27", "text": "previously."}, {"start": "00:25:25", "end": "00:25:29", "text": "So"}, {"start": "00:25:27", "end": "00:25:30", "text": "we'll see what happens. Obviously,"}, {"start": "00:25:29", "end": "00:25:32", "text": "there's still the questions about things"}, {"start": "00:25:30", "end": "00:25:35", "text": "like, you know, the realized price. Will"}, {"start": "00:25:32", "end": "00:25:38", "text": "Bitcoin go below the realized price? Uh"}, {"start": "00:25:35", "end": "00:25:39", "text": "and and that sort of stuff. I have to be"}, {"start": "00:25:38", "end": "00:25:43", "text": "a student of the market and and just"}, {"start": "00:25:39", "end": "00:25:46", "text": "say, you know, unless you get a retrace"}, {"start": "00:25:43", "end": "00:25:49", "text": "here quickly,"}, {"start": "00:25:46", "end": "00:25:53", "text": "then I have to defer to the market"}, {"start": "00:25:49", "end": "00:25:56", "text": "that's showing me a higher high,"}, {"start": "00:25:53", "end": "00:25:59", "text": "right? So, you have the lower lows,"}, {"start": "00:25:56", "end": "00:26:03", "text": "higher high. I I can't I can't be as"}, {"start": "00:25:59", "end": "00:26:06", "text": "deterministic as I as I was. Um, so"}, {"start": "00:26:03", "end": "00:26:10", "text": "we'll see how this how this plays out."}, {"start": "00:26:06", "end": "00:26:14", "text": "And again, like I I I think that my my"}, {"start": "00:26:10", "end": "00:26:15", "text": "mistake that I made was"}, {"start": "00:26:14", "end": "00:26:17", "text": "sort of putting the pieces of the puzzle"}, {"start": "00:26:15", "end": "00:26:19", "text": "together and being like, \"Okay, well,"}, {"start": "00:26:17", "end": "00:26:22", "text": "all of this will lead to a rate hike,"}, {"start": "00:26:19", "end": "00:26:25", "text": "which will then be bearish for Bitcoin.\""}, {"start": "00:26:22", "end": "00:26:26", "text": "But none of the data suggests that a"}, {"start": "00:26:25", "end": "00:26:28", "text": "rate hike has ever been immediately"}, {"start": "00:26:26", "end": "00:26:31", "text": "bearish for Bitcoin."}, {"start": "00:26:28", "end": "00:26:34", "text": "In September of the last two midterm"}, {"start": "00:26:31", "end": "00:26:36", "text": "years, Bitcoin did fine for a month or"}, {"start": "00:26:34", "end": "00:26:41", "text": "two after the rate hike. In the first"}, {"start": "00:26:36", "end": "00:26:43", "text": "rate hike of a cycle, Bitcoin was okay"}, {"start": "00:26:41", "end": "00:26:44", "text": "at first in and at least one of those"}, {"start": "00:26:43", "end": "00:26:47", "text": "cases. In the other case that it wasn't"}, {"start": "00:26:44", "end": "00:26:50", "text": "okay at first, the low was already in."}, {"start": "00:26:47", "end": "00:26:53", "text": "So, I think my mistake was assuming that"}, {"start": "00:26:50", "end": "00:26:57", "text": "a rate hike would cause Bitcoin to"}, {"start": "00:26:53", "end": "00:26:58", "text": "immediately repric when I shouldn't have"}, {"start": "00:26:57", "end": "00:27:00", "text": "assumed that, right? I shouldn't have"}, {"start": "00:26:58", "end": "00:27:03", "text": "assumed that. And historically, if there"}, {"start": "00:27:00", "end": "00:27:05", "text": "is weakness after rate hikes, it's not"}, {"start": "00:27:03", "end": "00:27:07", "text": "for a couple of months, right? A month"}, {"start": "00:27:05", "end": "00:27:10", "text": "or two before that were to to happen."}, {"start": "00:27:07", "end": "00:27:12", "text": "So, I think in the short term, defer to"}, {"start": "00:27:10", "end": "00:27:14", "text": "those that that got this move right."}, {"start": "00:27:12", "end": "00:27:16", "text": "We'll see how high it goes. If there is"}, {"start": "00:27:14", "end": "00:27:19", "text": "weakness that kind of comes up in, you"}, {"start": "00:27:16", "end": "00:27:21", "text": "know, later in Q4, then I would be a"}, {"start": "00:27:19", "end": "00:27:23", "text": "little bit more open-minded as to where"}, {"start": "00:27:21", "end": "00:27:26", "text": "that low, you know, has to be, right?"}, {"start": "00:27:23", "end": "00:27:29", "text": "like not not assuming that it has to be"}, {"start": "00:27:26", "end": "00:27:32", "text": "a a lower low and I mean if it is it is"}, {"start": "00:27:29", "end": "00:27:34", "text": "but not making that assumption right now"}, {"start": "00:27:32", "end": "00:27:37", "text": "uh but being more open-minded to you"}, {"start": "00:27:34", "end": "00:27:39", "text": "know a different potential outcome and"}, {"start": "00:27:37", "end": "00:27:40", "text": "by the way there was you know I've"}, {"start": "00:27:39", "end": "00:27:42", "text": "talked a little bit about some of the"}, {"start": "00:27:40", "end": "00:27:46", "text": "other markets that have showed some of"}, {"start": "00:27:42", "end": "00:27:48", "text": "these patterns before and you know one"}, {"start": "00:27:46", "end": "00:27:51", "text": "was gold right where and this was where"}, {"start": "00:27:48", "end": "00:27:53", "text": "I also went sort of ary because I was"}, {"start": "00:27:51", "end": "00:27:54", "text": "looking at this gold pattern as well and"}, {"start": "00:27:53", "end": "00:27:56", "text": "and saying, \"All right, well, when gold"}, {"start": "00:27:54", "end": "00:27:59", "text": "had sort of this top and you had sort of"}, {"start": "00:27:56", "end": "00:28:00", "text": "a low and then a slightly lower low, I"}, {"start": "00:27:59", "end": "00:28:02", "text": "was kind of assuming that Bitcoin would"}, {"start": "00:28:00", "end": "00:28:06", "text": "kind of follow suit and that we would"}, {"start": "00:28:02", "end": "00:28:08", "text": "come back down into the 4-year cycle low"}, {"start": "00:28:06", "end": "00:28:10", "text": "and that this would be a lower high.\""}, {"start": "00:28:08", "end": "00:28:14", "text": "And what's interesting back then though"}, {"start": "00:28:10", "end": "00:28:17", "text": "is that silver did put in a new high."}, {"start": "00:28:14", "end": "00:28:21", "text": "Silver did put in a new high,"}, {"start": "00:28:17", "end": "00:28:23", "text": "but when it came back down later, it did"}, {"start": "00:28:21", "end": "00:28:24", "text": "not put in a new low, right? So, I mean,"}, {"start": "00:28:23", "end": "00:28:26", "text": "eventually it did, but that was because"}, {"start": "00:28:24", "end": "00:28:29", "text": "of of other things that were affecting"}, {"start": "00:28:26", "end": "00:28:30", "text": "the metals markets. The the stock market"}, {"start": "00:28:29", "end": "00:28:32", "text": "was trending back up by then, like risk"}, {"start": "00:28:30", "end": "00:28:36", "text": "assets were doing fine, but if you look"}, {"start": "00:28:32", "end": "00:28:39", "text": "at silver, you can see that it set a"}, {"start": "00:28:36", "end": "00:28:42", "text": "higher high, but it didn't go take out"}, {"start": "00:28:39", "end": "00:28:44", "text": "the prior low. So that's why I think"}, {"start": "00:28:42", "end": "00:28:47", "text": "people should be open-minded that if you"}, {"start": "00:28:44", "end": "00:28:51", "text": "do get if you do get any weakness,"}, {"start": "00:28:47", "end": "00:28:52", "text": "you know, later on in Q4, I would be a"}, {"start": "00:28:51", "end": "00:28:55", "text": "little bit more open-minded about like"}, {"start": "00:28:52", "end": "00:28:57", "text": "where that would would sort of land. Um,"}, {"start": "00:28:55", "end": "00:28:59", "text": "again, at the end of the day, I mean,"}, {"start": "00:28:57", "end": "00:29:02", "text": "historically, the right thing to do with"}, {"start": "00:28:59", "end": "00:29:05", "text": "Bitcoin is to just DCA it throughout the"}, {"start": "00:29:02", "end": "00:29:07", "text": "second half of the midterm year and and"}, {"start": "00:29:05", "end": "00:29:09", "text": "then just hope for the best, right? And"}, {"start": "00:29:07", "end": "00:29:13", "text": "you know, I did the same thing in 2018"}, {"start": "00:29:09", "end": "00:29:16", "text": "and 2022, and I DCAD, felt like a"}, {"start": "00:29:13", "end": "00:29:20", "text": "genius, and then I got wrecked in 2018."}, {"start": "00:29:16", "end": "00:29:20", "text": "Same thing in 2022. Got wrecked"}, {"start": "00:29:21", "end": "00:29:24", "text": "20 and and by the way, in 2022, my"}, {"start": "00:29:23", "end": "00:29:28", "text": "mistake was just assuming it was going"}, {"start": "00:29:24", "end": "00:29:30", "text": "to go a little bit lower. Um, and then"}, {"start": "00:29:28", "end": "00:29:34", "text": "in 2026,"}, {"start": "00:29:30", "end": "00:29:36", "text": "I started to DCA"}, {"start": "00:29:34", "end": "00:29:38", "text": "below.3 risk and it lasted all of five"}, {"start": "00:29:36", "end": "00:29:39", "text": "days because after it started to move"}, {"start": "00:29:38", "end": "00:29:40", "text": "up, I was like, I'm not going to chase"}, {"start": "00:29:39", "end": "00:29:42", "text": "it. It's probably just going to come"}, {"start": "00:29:40", "end": "00:29:45", "text": "back down and then it just never did."}, {"start": "00:29:42", "end": "00:29:48", "text": "Um, so we'll see what happens. I mean,"}, {"start": "00:29:45", "end": "00:29:52", "text": "as it stands right now, it the the the"}, {"start": "00:29:48", "end": "00:29:55", "text": "burden of proof has shifted to the bears"}, {"start": "00:29:52", "end": "00:29:59", "text": "rather than the bulls. the bulls have"}, {"start": "00:29:55", "end": "00:30:01", "text": "kind of proven a higher high"}, {"start": "00:29:59", "end": "00:30:04", "text": "and now it's the bears who have to prove"}, {"start": "00:30:01", "end": "00:30:07", "text": "anything if you know if there is going"}, {"start": "00:30:04", "end": "00:30:09", "text": "to be weakness at all uh in in the"}, {"start": "00:30:07", "end": "00:30:11", "text": "fourth quarter. So, we'll see, you know,"}, {"start": "00:30:09", "end": "00:30:13", "text": "and and by the way, if weakness were to"}, {"start": "00:30:11", "end": "00:30:15", "text": "show up, I I think it would have to"}, {"start": "00:30:13", "end": "00:30:18", "text": "correspond to a correction in stocks,"}, {"start": "00:30:15", "end": "00:30:20", "text": "because if you don't get a correction at"}, {"start": "00:30:18", "end": "00:30:23", "text": "all in the stock market, I I think it's"}, {"start": "00:30:20", "end": "00:30:26", "text": "unlikely that Bitcoin would go that much"}, {"start": "00:30:23", "end": "00:30:29", "text": "lower because it was always a correction"}, {"start": "00:30:26", "end": "00:30:33", "text": "in the stock market that caused Bitcoin"}, {"start": "00:30:29", "end": "00:30:35", "text": "to get that final selloff. And now if"}, {"start": "00:30:33", "end": "00:30:38", "text": "Bitcoin or if the S&P were to just have"}, {"start": "00:30:35", "end": "00:30:40", "text": "a 10% drop, I don't think that would be"}, {"start": "00:30:38", "end": "00:30:42", "text": "sufficient to take Bitcoin to a new low,"}, {"start": "00:30:40", "end": "00:30:46", "text": "I I think you'd have to have a much"}, {"start": "00:30:42", "end": "00:30:50", "text": "larger drop for the S&P uh to take"}, {"start": "00:30:46", "end": "00:30:51", "text": "Bitcoin further down. So, we'll see what"}, {"start": "00:30:50", "end": "00:30:53", "text": "you know, we'll see what the S&P does."}, {"start": "00:30:51", "end": "00:30:56", "text": "because I mean as it as it stands right"}, {"start": "00:30:53", "end": "00:30:59", "text": "now um you know the NASDAQ if you look"}, {"start": "00:30:56", "end": "00:31:01", "text": "at the NASDAQ it is back up to a new"}, {"start": "00:30:59", "end": "00:31:02", "text": "high which is kind of in line with prior"}, {"start": "00:31:01", "end": "00:31:05", "text": "midterm years. I mean there's a lot of"}, {"start": "00:31:02", "end": "00:31:07", "text": "times in September uh or so of of the"}, {"start": "00:31:05", "end": "00:31:10", "text": "midterm year the NASDAQ is trading at"}, {"start": "00:31:07", "end": "00:31:12", "text": "new highs right in in September. So"}, {"start": "00:31:10", "end": "00:31:16", "text": "that's not like that unheard of right"}, {"start": "00:31:12", "end": "00:31:18", "text": "for uh you know for that to happen. But"}, {"start": "00:31:16", "end": "00:31:22", "text": "those are my thoughts. I'm just trying"}, {"start": "00:31:18", "end": "00:31:24", "text": "to sort of regroup here and acknowledge"}, {"start": "00:31:22", "end": "00:31:26", "text": "where I went wrong and where I went"}, {"start": "00:31:24", "end": "00:31:29", "text": "wrong. Like my thesis was that rising"}, {"start": "00:31:26", "end": "00:31:31", "text": "energy prices would cause the long end"}, {"start": "00:31:29", "end": "00:31:32", "text": "to go up, which would cause initially"}, {"start": "00:31:31", "end": "00:31:34", "text": "the Fed to not raise rates because they"}, {"start": "00:31:32", "end": "00:31:36", "text": "would think, \"Oh, it's okay.\" Then they"}, {"start": "00:31:34", "end": "00:31:38", "text": "would raise rates in September. Then the"}, {"start": "00:31:36", "end": "00:31:40", "text": "dollar would go up and then Bitcoin"}, {"start": "00:31:38", "end": "00:31:43", "text": "would repric down because of the rate"}, {"start": "00:31:40", "end": "00:31:45", "text": "hike. But the rate hike causing Bitcoin"}, {"start": "00:31:43", "end": "00:31:48", "text": "to immediately go down arguably was not"}, {"start": "00:31:45", "end": "00:31:50", "text": "rooted in the data. And I think that was"}, {"start": "00:31:48", "end": "00:31:52", "text": "my mistake. And I hope that in the"}, {"start": "00:31:50", "end": "00:31:55", "text": "future I can learn from that mistake so"}, {"start": "00:31:52", "end": "00:31:58", "text": "as to not make that same mistake again."}, {"start": "00:31:55", "end": "00:32:00", "text": "And now I will just more so defer to the"}, {"start": "00:31:58", "end": "00:32:02", "text": "market structure of Bitcoin rather than"}, {"start": "00:32:00", "end": "00:32:06", "text": "get so deterministic about it because as"}, {"start": "00:32:02", "end": "00:32:10", "text": "it stands now this is a a higher high"}, {"start": "00:32:06", "end": "00:32:11", "text": "and I have to I have to respect that. So"}, {"start": "00:32:10", "end": "00:32:13", "text": "that's the the content for today. If you"}, {"start": "00:32:11", "end": "00:32:14", "text": "guys like the content, subscribe, give"}, {"start": "00:32:13", "end": "00:32:17", "text": "the video a thumbs up, and if you want"}, {"start": "00:32:14", "end": "00:32:19", "text": "to come listen uh to other opinions as"}, {"start": "00:32:17", "end": "00:32:21", "text": "well. Uh we are having the first ITC"}, {"start": "00:32:19", "end": "00:32:24", "text": "conference in Miami. Uh the main"}, {"start": "00:32:21", "end": "00:32:25", "text": "conference day is November 21st and we"}, {"start": "00:32:24", "end": "00:32:27", "text": "have a lot of great speakers. We've got"}, {"start": "00:32:25", "end": "00:32:30", "text": "Michael Sailor coming. Grant Cardone,"}, {"start": "00:32:27", "end": "00:32:33", "text": "um, Sim, we got Mark Yusco, Allesio,"}, {"start": "00:32:30", "end": "00:32:38", "text": "James, Mike Mclo, Guy, Rob, Gareth,"}, {"start": "00:32:33", "end": "00:32:41", "text": "David, Jason, Leah, Tom, FA, Randy,"}, {"start": "00:32:38", "end": "00:32:43", "text": "Evan, uh, Dana, Matt Crosby, and"}, {"start": "00:32:41", "end": "00:32:45", "text": "Mauricio. So, we've already got a pretty"}, {"start": "00:32:43", "end": "00:32:48", "text": "good lineup of speakers, so I hope to"}, {"start": "00:32:45", "end": "00:32:50", "text": "see you guys there. And and hopefully,"}, {"start": "00:32:48", "end": "00:32:51", "text": "you know, by having other people in the"}, {"start": "00:32:50", "end": "00:32:53", "text": "room as well, you can listen to other"}, {"start": "00:32:51", "end": "00:32:54", "text": "opinions and then help form your own"}, {"start": "00:32:53", "end": "00:32:56", "text": "opinion as to where the markets are"}, {"start": "00:32:54", "end": "00:32:57", "text": "going to go. But that'll wrap it up."}, {"start": "00:32:56", "end": "00:33:01", "text": "Thank you guys for tuning in. I will see"}, {"start": "00:32:57", "end": "00:33:01", "text": "you next time. Bye."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "I obviously have to do uh my least"}, {"start": "00:00:02", "end": "00:00:09", "text": "favorite part of the job and that is"}, {"start": "00:00:05", "end": "00:00:11", "text": "admit that I was wrong about Bitcoin not"}, {"start": "00:00:09", "end": "00:00:13", "text": "being able to take out the May high. So"}, {"start": "00:00:11", "end": "00:00:16", "text": "I was wrong and I'm not going to make"}, {"start": "00:00:13", "end": "00:00:19", "text": "excuses. I'm just here to say that I was"}, {"start": "00:00:16", "end": "00:00:22", "text": "wrong. And you know it's tough when this"}, {"start": "00:00:19", "end": "00:00:25", "text": "happens. I mean Bitcoin has accepted"}, {"start": "00:00:22", "end": "00:00:29", "text": "here. It it rallied above the 50. It is"}, {"start": "00:00:25", "end": "00:00:31", "text": "now extended that up to almost 86,000."}, {"start": "00:00:29", "end": "00:00:34", "text": "So 85,815."}, {"start": "00:00:31", "end": "00:00:36", "text": "So clearly I was wrong and you know I"}, {"start": "00:00:34", "end": "00:00:39", "text": "have to deal with a fallout of that. Now"}, {"start": "00:00:36", "end": "00:00:42", "text": "my biggest regret is you know my"}, {"start": "00:00:39", "end": "00:00:45", "text": "strategy this year was to start buying"}, {"start": "00:00:42", "end": "00:00:48", "text": "in July below.3 risk which happened but"}, {"start": "00:00:45", "end": "00:00:50", "text": "it only happened for about 5 days. So uh"}, {"start": "00:00:48", "end": "00:00:52", "text": "I guess that goes to show you when the"}, {"start": "00:00:50", "end": "00:00:54", "text": "opportunities arise you take more"}, {"start": "00:00:52", "end": "00:00:59", "text": "advantage of them. Um because 5 days is"}, {"start": "00:00:54", "end": "00:00:59", "text": "obviously not a very long"}]

[{"start": "00:00:01", "end": "00:00:05", "text": "Hey everyone, and thanks for jumping"}, {"start": "00:00:02", "end": "00:00:06", "text": "back into the cryptoverse."}, {"start": "00:00:05", "end": "00:00:10", "text": "Today, we're going to talk about"}, {"start": "00:00:06", "end": "00:00:14", "text": "Bitcoin, and I obviously have to do"}, {"start": "00:00:10", "end": "00:00:18", "text": "my least favorite part of the job,"}, {"start": "00:00:14", "end": "00:00:21", "text": "and that is admit that I was wrong about"}, {"start": "00:00:18", "end": "00:00:26", "text": "Bitcoin not being able to take out the"}, {"start": "00:00:21", "end": "00:00:28", "text": "May high. Right, clearly it has."}, {"start": "00:00:26", "end": "00:00:30", "text": "So, I was wrong."}, {"start": "00:00:28", "end": "00:00:35", "text": "And I'm not going to make excuses. I'm"}, {"start": "00:00:30", "end": "00:00:37", "text": "not going to, you know, cope"}, {"start": "00:00:35", "end": "00:00:40", "text": "by looking at other things. I'm just"}, {"start": "00:00:37", "end": "00:00:43", "text": "here to say that I was wrong, and you"}, {"start": "00:00:40", "end": "00:00:44", "text": "know, it's tough when this happens. I"}, {"start": "00:00:43", "end": "00:00:46", "text": "mean, if you're trying to navigate"}, {"start": "00:00:44", "end": "00:00:48", "text": "financial markets,"}, {"start": "00:00:46", "end": "00:00:51", "text": "there will of course be times when we"}, {"start": "00:00:48", "end": "00:00:54", "text": "are all wrong. And"}, {"start": "00:00:51", "end": "00:00:57", "text": "this is one of those times for me."}, {"start": "00:00:54", "end": "00:01:00", "text": "Right? I mean, Bitcoin has accepted"}, {"start": "00:00:57", "end": "00:01:02", "text": "here. It it rallied above the 50 week."}, {"start": "00:01:00", "end": "00:01:04", "text": "It is now extended that"}, {"start": "00:01:02", "end": "00:01:08", "text": "up to"}, {"start": "00:01:04", "end": "00:01:12", "text": "almost 86,000. So, 85,815."}, {"start": "00:01:08", "end": "00:01:14", "text": "So, clearly I was wrong, and"}, {"start": "00:01:12", "end": "00:01:15", "text": "you know,"}, {"start": "00:01:14", "end": "00:01:16", "text": "I have to deal with the fallout of that"}, {"start": "00:01:15", "end": "00:01:19", "text": "now."}, {"start": "00:01:16", "end": "00:01:21", "text": "My biggest regret is"}, {"start": "00:01:19", "end": "00:01:24", "text": "you know, my strategy this year was to"}, {"start": "00:01:21", "end": "00:01:25", "text": "start buying in July below 0.3 risk,"}, {"start": "00:01:24", "end": "00:01:27", "text": "which"}, {"start": "00:01:25", "end": "00:01:30", "text": "happened, but it only happened for about"}, {"start": "00:01:27", "end": "00:01:32", "text": "5 days. So,"}, {"start": "00:01:30", "end": "00:01:34", "text": "I guess that goes to show you when the"}, {"start": "00:01:32", "end": "00:01:36", "text": "opportunities arise to take more"}, {"start": "00:01:34", "end": "00:01:39", "text": "advantage of them"}, {"start": "00:01:36", "end": "00:01:41", "text": "because 5 days was obviously not a very"}, {"start": "00:01:39", "end": "00:01:43", "text": "long time."}, {"start": "00:01:41", "end": "00:01:45", "text": "And I've I've been in this position"}, {"start": "00:01:43", "end": "00:01:48", "text": "before. You know, I've been loved by the"}, {"start": "00:01:45", "end": "00:01:50", "text": "world. I've been hated by the world."}, {"start": "00:01:48", "end": "00:01:52", "text": "So, this is not the first time certainly"}, {"start": "00:01:50", "end": "00:01:54", "text": "that I've been hated. As I get older, I"}, {"start": "00:01:52", "end": "00:01:57", "text": "find myself more so wanting to not be"}, {"start": "00:01:54", "end": "00:01:59", "text": "known by the world. But,"}, {"start": "00:01:57", "end": "00:02:00", "text": "I I"}, {"start": "00:01:59", "end": "00:02:05", "text": "you know"}, {"start": "00:02:00", "end": "00:02:05", "text": "Bitcoin breaking through the May high"}, {"start": "00:02:05", "end": "00:02:09", "text": "this is not"}, {"start": "00:02:06", "end": "00:02:10", "text": "what I had on my bingo card for this"}, {"start": "00:02:09", "end": "00:02:12", "text": "year."}, {"start": "00:02:10", "end": "00:02:14", "text": "And so"}, {"start": "00:02:12", "end": "00:02:15", "text": "I just wanted to say"}, {"start": "00:02:14", "end": "00:02:16", "text": "I was wrong"}, {"start": "00:02:15", "end": "00:02:18", "text": "and"}, {"start": "00:02:16", "end": "00:02:20", "text": "leave it at that."}, {"start": "00:02:18", "end": "00:02:23", "text": "There are other people that were right"}, {"start": "00:02:20", "end": "00:02:25", "text": "and I think they probably deserve your"}, {"start": "00:02:23", "end": "00:02:26", "text": "viewership more"}, {"start": "00:02:25", "end": "00:02:29", "text": "right now than me."}, {"start": "00:02:26", "end": "00:02:30", "text": "So we're going to wrap it up there"}, {"start": "00:02:29", "end": "00:02:31", "text": "and"}, {"start": "00:02:30", "end": "00:02:33", "text": "and we'll see you know we'll see what"}, {"start": "00:02:31", "end": "00:02:35", "text": "Bitcoin does for the rest of the year."}, {"start": "00:02:33", "end": "00:02:37", "text": "Thank you guys for tuning in."}, {"start": "00:02:35", "end": "00:02:39", "text": "I actually I just got back from New"}, {"start": "00:02:37", "end": "00:02:41", "text": "Zealand. It was a great trip. I hope I"}, {"start": "00:02:39", "end": "00:02:42", "text": "can go back. I've always wanted to go"}, {"start": "00:02:41", "end": "00:02:44", "text": "there. It was kind of like a life long"}, {"start": "00:02:42", "end": "00:02:46", "text": "dream of mine to go. So I'm happy to"}, {"start": "00:02:44", "end": "00:02:48", "text": "experience that and sorry I wasn't able"}, {"start": "00:02:46", "end": "00:02:51", "text": "to make videos the last couple of weeks."}, {"start": "00:02:48", "end": "00:02:52", "text": "I was just out of town. But I'm back now"}, {"start": "00:02:51", "end": "00:02:54", "text": "and um"}, {"start": "00:02:52", "end": "00:02:56", "text": "lucky for me this is the first video I"}, {"start": "00:02:54", "end": "00:02:57", "text": "get to make. So thank you guys for being"}, {"start": "00:02:56", "end": "00:02:58", "text": "here and"}, {"start": "00:02:57", "end": "00:03:01", "text": "um"}, {"start": "00:02:58", "end": "00:03:01", "text": "I will see you later. Bye."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "our Bitcoin's trading at $79,000. I"}, {"start": "00:00:02", "end": "00:00:07", "text": "could not begin to tell you where it's"}, {"start": "00:00:04", "end": "00:00:09", "text": "going to be in a week or whenever I end"}, {"start": "00:00:07", "end": "00:00:11", "text": "up releasing this video. I don't know,"}, {"start": "00:00:09", "end": "00:00:14", "text": "okay?"}, {"start": "00:00:11", "end": "00:00:16", "text": "What I do know is that when you have"}, {"start": "00:00:14", "end": "00:00:19", "text": "golden crosses"}, {"start": "00:00:16", "end": "00:00:22", "text": "you get corrections, regardless of"}, {"start": "00:00:19", "end": "00:00:22", "text": "whether the low is in."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "What I would argue is if this does play"}, {"start": "00:00:02", "end": "00:00:06", "text": "out, right, like if Bitcoin does drop"}, {"start": "00:00:04", "end": "00:00:09", "text": "down, I would say, you know, somewhere"}, {"start": "00:00:06", "end": "00:00:12", "text": "between 70 75K or something. If it drops"}, {"start": "00:00:09", "end": "00:00:14", "text": "down and then gets a rally in this area,"}, {"start": "00:00:12", "end": "00:00:16", "text": "look to see if it's a lower high or a"}, {"start": "00:00:14", "end": "00:00:17", "text": "higher high. And on a lower high, and by"}, {"start": "00:00:16", "end": "00:00:19", "text": "the way, I don't I don't mean you don't"}, {"start": "00:00:17", "end": "00:00:20", "text": "have to wait long, right? That is where"}, {"start": "00:00:19", "end": "00:00:21", "text": "you know, you'll have the window if"}, {"start": "00:00:20", "end": "00:00:23", "text": "Bitcoin wants to put in a higher high."}, {"start": "00:00:21", "end": "00:00:26", "text": "It should happen relatively quickly once"}, {"start": "00:00:23", "end": "00:00:28", "text": "the bounce is here. So, if we don't get"}, {"start": "00:00:26", "end": "00:00:30", "text": "a rally to a new local high, then the"}, {"start": "00:00:28", "end": "00:00:32", "text": "implication is that the low is still"}, {"start": "00:00:30", "end": "00:00:35", "text": "ahead of us. If we get if we drop down"}, {"start": "00:00:32", "end": "00:00:37", "text": "to 70 or 75 and rally up to new highs,"}, {"start": "00:00:35", "end": "00:00:40", "text": "that would make me a lot more inclined"}, {"start": "00:00:37", "end": "00:00:42", "text": "to believe more of of the bullcase where"}, {"start": "00:00:40", "end": "00:00:44", "text": "if it if it's repeating, you know,"}, {"start": "00:00:42", "end": "00:00:46", "text": "something like this, but this far into"}, {"start": "00:00:44", "end": "00:00:49", "text": "the bare market, it would probably have"}, {"start": "00:00:46", "end": "00:00:52", "text": "a little bit more legs on it. But if"}, {"start": "00:00:49", "end": "00:00:53", "text": "it's not, then there's this analysis is"}, {"start": "00:00:52", "end": "00:00:56", "text": "wrong and there's no reason to put a lot"}, {"start": "00:00:53", "end": "00:00:56", "text": "of weight into"}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Hey everyone, and thanks for jumping"}, {"start": "00:00:02", "end": "00:00:07", "text": "back into the cryptoverse."}, {"start": "00:00:04", "end": "00:00:09", "text": "Today, we're going to talk about Bitcoin"}, {"start": "00:00:07", "end": "00:00:11", "text": "dubious speculation. If you guys like"}, {"start": "00:00:09", "end": "00:00:13", "text": "the content, make sure you subscribe to"}, {"start": "00:00:11", "end": "00:00:15", "text": "the channel, give the video a thumbs-up,"}, {"start": "00:00:13", "end": "00:00:17", "text": "and also check out the sale on"}, {"start": "00:00:15", "end": "00:00:19", "text": "IntoTheCryptoverse Premium at"}, {"start": "00:00:17", "end": "00:00:21", "text": "intothecryptoverse.com."}, {"start": "00:00:19", "end": "00:00:23", "text": "As a reminder, we do have the first"}, {"start": "00:00:21", "end": "00:00:26", "text": "investing through the cycles conference"}, {"start": "00:00:23", "end": "00:00:27", "text": "coming up uh in late November, so make"}, {"start": "00:00:26", "end": "00:00:29", "text": "sure you guys get your ticket. Link is"}, {"start": "00:00:27", "end": "00:00:33", "text": "in the description below."}, {"start": "00:00:29", "end": "00:00:35", "text": "Let's go ahead and jump in. So, I,"}, {"start": "00:00:33", "end": "00:00:37", "text": "again, am recording this video on"}, {"start": "00:00:35", "end": "00:00:39", "text": "September 9th. This is the last video"}, {"start": "00:00:37", "end": "00:00:41", "text": "I'm recording before I head out to New"}, {"start": "00:00:39", "end": "00:00:43", "text": "Zealand, and I will be gone for about 10"}, {"start": "00:00:41", "end": "00:00:44", "text": "days. So,"}, {"start": "00:00:43", "end": "00:00:47", "text": "all of the videos that you've been"}, {"start": "00:00:44", "end": "00:00:49", "text": "watching for the last week or whatever"}, {"start": "00:00:47", "end": "00:00:52", "text": "were all pre-recorded. And right now,"}, {"start": "00:00:49", "end": "00:00:54", "text": "Bitcoin's trading at $79,000. I could"}, {"start": "00:00:52", "end": "00:00:57", "text": "not begin to tell you where it's going"}, {"start": "00:00:54", "end": "00:00:59", "text": "to be in a week or whenever I end up"}, {"start": "00:00:57", "end": "00:01:01", "text": "releasing this video. I don't know,"}, {"start": "00:00:59", "end": "00:01:04", "text": "okay?"}, {"start": "00:01:01", "end": "00:01:06", "text": "What I do know is that when you have"}, {"start": "00:01:04", "end": "00:01:08", "text": "golden crosses,"}, {"start": "00:01:06", "end": "00:01:11", "text": "you get corrections, regardless of"}, {"start": "00:01:08", "end": "00:01:12", "text": "whether the low is in."}, {"start": "00:01:11", "end": "00:01:15", "text": "Okay?"}, {"start": "00:01:12", "end": "00:01:18", "text": "And we talked about this already, but"}, {"start": "00:01:15", "end": "00:01:21", "text": "look at 2023. What type of correction"}, {"start": "00:01:18", "end": "00:01:25", "text": "should we expect? If you look at 2023,"}, {"start": "00:01:21", "end": "00:01:28", "text": "Bitcoin fell about 12%. The low was in,"}, {"start": "00:01:25", "end": "00:01:30", "text": "still fell 12% on the golden cross."}, {"start": "00:01:28", "end": "00:01:32", "text": "In 2019,"}, {"start": "00:01:30", "end": "00:01:34", "text": "how far did Bitcoin fall on the golden"}, {"start": "00:01:32", "end": "00:01:39", "text": "cross?"}, {"start": "00:01:34", "end": "00:01:43", "text": "15%. Now, in 2019,"}, {"start": "00:01:39", "end": "00:01:44", "text": "that 15% drop happened over just three"}, {"start": "00:01:43", "end": "00:01:47", "text": "or four days."}, {"start": "00:01:44", "end": "00:01:49", "text": "In 2023,"}, {"start": "00:01:47", "end": "00:01:52", "text": "all right, if you look at 2023,"}, {"start": "00:01:49", "end": "00:01:53", "text": "the drop after the golden cross, or"}, {"start": "00:01:52", "end": "00:01:55", "text": "sorry, starting right before the golden"}, {"start": "00:01:53", "end": "00:01:58", "text": "cross and going through it, lasted from"}, {"start": "00:01:55", "end": "00:02:01", "text": "February 2nd until February 13th. So,"}, {"start": "00:01:58", "end": "00:02:04", "text": "about about 10 days. But, you have"}, {"start": "00:02:01", "end": "00:02:05", "text": "two examples with 10 to 15% corrections."}, {"start": "00:02:04", "end": "00:02:08", "text": "And the reason why people like these"}, {"start": "00:02:05", "end": "00:02:09", "text": "examples is because if you look at the"}, {"start": "00:02:08", "end": "00:02:11", "text": "weekly,"}, {"start": "00:02:09", "end": "00:02:12", "text": "you look at the weekly,"}, {"start": "00:02:11", "end": "00:02:15", "text": "um"}, {"start": "00:02:12", "end": "00:02:16", "text": "once Bitcoin breaks through, right?"}, {"start": "00:02:15", "end": "00:02:18", "text": "Well, once you see that it sort of"}, {"start": "00:02:16", "end": "00:02:20", "text": "breaks through the bull market support"}, {"start": "00:02:18", "end": "00:02:23", "text": "band at the end or at the beginning of"}, {"start": "00:02:20", "end": "00:02:25", "text": "2019, at the beginning of 2023, is there"}, {"start": "00:02:23", "end": "00:02:27", "text": "a relevant way to to make that"}, {"start": "00:02:25", "end": "00:02:29", "text": "comparison? It's relevant, right? I"}, {"start": "00:02:27", "end": "00:02:32", "text": "mean, in fact, you could argue that it"}, {"start": "00:02:29", "end": "00:02:35", "text": "it doesn't really look that different"}, {"start": "00:02:32", "end": "00:02:37", "text": "from this right here in in 2019 or what"}, {"start": "00:02:35", "end": "00:02:39", "text": "we saw here in 2023."}, {"start": "00:02:37", "end": "00:02:42", "text": "But, even in that case, Bitcoin still"}, {"start": "00:02:39", "end": "00:02:46", "text": "dropped 10 to 15%."}, {"start": "00:02:42", "end": "00:02:50", "text": "And in the other cases where the low was"}, {"start": "00:02:46", "end": "00:02:51", "text": "not in, like in 2015, you had a golden"}, {"start": "00:02:50", "end": "00:02:53", "text": "cross,"}, {"start": "00:02:51", "end": "00:02:56", "text": "uh and it occurred, I think, in like the"}, {"start": "00:02:53", "end": "00:02:58", "text": "August July August time frame."}, {"start": "00:02:56", "end": "00:03:01", "text": "So, if you if you zoom in"}, {"start": "00:02:58", "end": "00:03:02", "text": "uh to 2015, you can see the Bitcoin"}, {"start": "00:03:01", "end": "00:03:04", "text": "rallied well above the bull market"}, {"start": "00:03:02", "end": "00:03:07", "text": "support band."}, {"start": "00:03:04", "end": "00:03:07", "text": "And"}, {"start": "00:03:07", "end": "00:03:10", "text": "we had a golden cross"}, {"start": "00:03:09", "end": "00:03:11", "text": "right here."}, {"start": "00:03:10", "end": "00:03:14", "text": "Sorry, right here."}, {"start": "00:03:11", "end": "00:03:16", "text": "That marked the top."}, {"start": "00:03:14", "end": "00:03:18", "text": "And then from July"}, {"start": "00:03:16", "end": "00:03:20", "text": "12th"}, {"start": "00:03:18", "end": "00:03:22", "text": "until about August 17th, Bitcoin fell"}, {"start": "00:03:20", "end": "00:03:26", "text": "about 50%."}, {"start": "00:03:22", "end": "00:03:27", "text": "And in 2014 after the golden cross,"}, {"start": "00:03:26", "end": "00:03:28", "text": "you can see there was a golden cross"}, {"start": "00:03:27", "end": "00:03:31", "text": "right here. Bitcoin topped just before"}, {"start": "00:03:28", "end": "00:03:33", "text": "it. From that local top just before the"}, {"start": "00:03:31", "end": "00:03:36", "text": "golden cross until the next sort of"}, {"start": "00:03:33", "end": "00:03:38", "text": "major low, it was about a 50 to 60%"}, {"start": "00:03:36", "end": "00:03:40", "text": "drop. And that was into the October low."}, {"start": "00:03:38", "end": "00:03:44", "text": "But, what's interesting is in"}, {"start": "00:03:40", "end": "00:03:46", "text": "both of those in in both the 2014 and"}, {"start": "00:03:44", "end": "00:03:50", "text": "2015 golden crosses,"}, {"start": "00:03:46", "end": "00:03:52", "text": "and the 2019 and 2023 golden crosses,"}, {"start": "00:03:50", "end": "00:03:54", "text": "you still had at least a 10 to 15%"}, {"start": "00:03:52", "end": "00:03:56", "text": "correction that took place over just a"}, {"start": "00:03:54", "end": "00:03:58", "text": "few days to a week or two."}, {"start": "00:03:56", "end": "00:04:01", "text": "And in the case of"}, {"start": "00:03:58", "end": "00:04:02", "text": "the bear market continuing like in 2014"}, {"start": "00:04:01", "end": "00:04:04", "text": "and 2015. And I guess also if you want"}, {"start": "00:04:02", "end": "00:04:06", "text": "to include the pandemic because when we"}, {"start": "00:04:04", "end": "00:04:09", "text": "got the pandemic"}, {"start": "00:04:06", "end": "00:04:11", "text": "there was a basically Bitcoin rallied up"}, {"start": "00:04:09", "end": "00:04:14", "text": "to the prior high and you can see that"}, {"start": "00:04:11", "end": "00:04:17", "text": "Bitcoin topped just before right like"}, {"start": "00:04:14", "end": "00:04:19", "text": "just before the high and then it fell of"}, {"start": "00:04:17", "end": "00:04:22", "text": "course 60%."}, {"start": "00:04:19", "end": "00:04:25", "text": "But even in that case before the"}, {"start": "00:04:22", "end": "00:04:28", "text": "pandemic occurred, you still had a drop"}, {"start": "00:04:25", "end": "00:04:30", "text": "that was about 20% and then you got a"}, {"start": "00:04:28", "end": "00:04:33", "text": "bounce and then we kind of had the"}, {"start": "00:04:30", "end": "00:04:35", "text": "pandemic hit. So I couldn't tell you"}, {"start": "00:04:33", "end": "00:04:39", "text": "exactly where Bitcoin is going to be a"}, {"start": "00:04:35", "end": "00:04:42", "text": "week from now. Probably not 79K"}, {"start": "00:04:39", "end": "00:04:43", "text": "but if we were to measure this from the"}, {"start": "00:04:42", "end": "00:04:46", "text": "local high"}, {"start": "00:04:43", "end": "00:04:51", "text": "a 10% drop would put Bitcoin around 73"}, {"start": "00:04:46", "end": "00:04:53", "text": "to 74K. Okay? A 15% drop would put it at"}, {"start": "00:04:51", "end": "00:04:55", "text": "closer to 70K."}, {"start": "00:04:53", "end": "00:04:58", "text": "That would be within the realm of"}, {"start": "00:04:55", "end": "00:05:01", "text": "expectation."}, {"start": "00:04:58", "end": "00:05:03", "text": "The low to mid-70s. That would be"}, {"start": "00:05:01", "end": "00:05:04", "text": "even it would even make sense if this is"}, {"start": "00:05:03", "end": "00:05:05", "text": "a bull market, right? It would make"}, {"start": "00:05:04", "end": "00:05:08", "text": "sense."}, {"start": "00:05:05", "end": "00:05:09", "text": "Where it would not make sense for a bull"}, {"start": "00:05:08", "end": "00:05:11", "text": "market"}, {"start": "00:05:09", "end": "00:05:14", "text": "would be if"}, {"start": "00:05:11", "end": "00:05:15", "text": "it drops and then forms a lower high on"}, {"start": "00:05:14", "end": "00:05:16", "text": "the bounce."}, {"start": "00:05:15", "end": "00:05:18", "text": "That would be more reminiscent of"}, {"start": "00:05:16", "end": "00:05:20", "text": "2014-2015. Now you might say, \"Well, how"}, {"start": "00:05:18", "end": "00:05:22", "text": "is 2014-2015 relevant?\" You know, at the"}, {"start": "00:05:20", "end": "00:05:24", "text": "beginning of this year I told people"}, {"start": "00:05:22", "end": "00:05:25", "text": "very plainly because if you remember at"}, {"start": "00:05:24", "end": "00:05:28", "text": "the beginning of this year there were a"}, {"start": "00:05:25", "end": "00:05:30", "text": "lot of ISM guys saying the ISM's going"}, {"start": "00:05:28", "end": "00:05:32", "text": "to go up in 2014 or sorry, the ISM's"}, {"start": "00:05:30", "end": "00:05:34", "text": "going to go up in 2026. Therefore,"}, {"start": "00:05:32", "end": "00:05:37", "text": "Bitcoin will go up. And I"}, {"start": "00:05:34", "end": "00:05:40", "text": "pointed out to them that in 2014 the ISM"}, {"start": "00:05:37", "end": "00:05:41", "text": "went up and Bitcoin went down."}, {"start": "00:05:40", "end": "00:05:43", "text": "Fast forward to today, we can see that's"}, {"start": "00:05:41", "end": "00:05:45", "text": "what happened. The ISM went up, Bitcoin"}, {"start": "00:05:43", "end": "00:05:47", "text": "went down. So it's not like there's no"}, {"start": "00:05:45", "end": "00:05:51", "text": "reason to compare to 2014 and 2015. In"}, {"start": "00:05:47", "end": "00:05:54", "text": "fact, in in the same way that that"}, {"start": "00:05:51", "end": "00:05:56", "text": "Bitcoin has rallied back up to a prior"}, {"start": "00:05:54", "end": "00:05:59", "text": "high, just sort of south of it, the same"}, {"start": "00:05:56", "end": "00:06:01", "text": "thing actually happened in 2014 and in"}, {"start": "00:05:59", "end": "00:06:03", "text": "2015, right? The same thing. So, it's"}, {"start": "00:06:01", "end": "00:06:06", "text": "not that you can't make the comparison."}, {"start": "00:06:03", "end": "00:06:08", "text": "I mean, look at this. There was a high,"}, {"start": "00:06:06", "end": "00:06:09", "text": "a low, and then Bitcoin rallied back up,"}, {"start": "00:06:08", "end": "00:06:11", "text": "stayed up there for a while, and"}, {"start": "00:06:09", "end": "00:06:13", "text": "eventually fell down into October. And"}, {"start": "00:06:11", "end": "00:06:15", "text": "then in 2015, there was a high, we swept"}, {"start": "00:06:13", "end": "00:06:17", "text": "it, and then eventually fell off into a"}, {"start": "00:06:15", "end": "00:06:18", "text": "recession scare."}, {"start": "00:06:17", "end": "00:06:20", "text": "So,"}, {"start": "00:06:18", "end": "00:06:21", "text": "it's not that those things can't happen,"}, {"start": "00:06:20", "end": "00:06:24", "text": "right? Like, they can happen. They just"}, {"start": "00:06:21", "end": "00:06:26", "text": "didn't happen in 2019 and 2023."}, {"start": "00:06:24", "end": "00:06:29", "text": "So,"}, {"start": "00:06:26", "end": "00:06:30", "text": "what I would argue is"}, {"start": "00:06:29", "end": "00:06:33", "text": "if this does play out, right? Like, if"}, {"start": "00:06:30", "end": "00:06:36", "text": "Bitcoin does drop down, I would say, you"}, {"start": "00:06:33", "end": "00:06:38", "text": "know, somewhere between 70, 75k, or"}, {"start": "00:06:36", "end": "00:06:41", "text": "something. If it drops down and then"}, {"start": "00:06:38", "end": "00:06:43", "text": "gets a rally in this area, look to see"}, {"start": "00:06:41", "end": "00:06:46", "text": "if it's a lower high"}, {"start": "00:06:43", "end": "00:06:47", "text": "or a higher high. And only a lower high."}, {"start": "00:06:46", "end": "00:06:48", "text": "And by the way, I don't I don't mean you"}, {"start": "00:06:47", "end": "00:06:49", "text": "don't have to wait long, right? I mean,"}, {"start": "00:06:48", "end": "00:06:51", "text": "it should just be relatively quickly. It"}, {"start": "00:06:49", "end": "00:06:53", "text": "should take place over just a few weeks."}, {"start": "00:06:51", "end": "00:06:54", "text": "That is where, you know, you you'll have"}, {"start": "00:06:53", "end": "00:06:55", "text": "the window if Bitcoin wants to put in a"}, {"start": "00:06:54", "end": "00:06:57", "text": "higher high."}, {"start": "00:06:55", "end": "00:06:59", "text": "It should happen relatively quickly once"}, {"start": "00:06:57", "end": "00:07:02", "text": "the bounce is here. Because look at look"}, {"start": "00:06:59", "end": "00:07:04", "text": "at 2019. Like, once once that red death"}, {"start": "00:07:02", "end": "00:07:06", "text": "cross rally was over, we had a massive"}, {"start": "00:07:04", "end": "00:07:09", "text": "rally back up to put in a local high"}, {"start": "00:07:06", "end": "00:07:10", "text": "just over the span of a week. In 2019,"}, {"start": "00:07:09", "end": "00:07:13", "text": "the same thing, right? Like, once once"}, {"start": "00:07:10", "end": "00:07:15", "text": "we had the drop, we were back at new new"}, {"start": "00:07:13", "end": "00:07:16", "text": "local highs within about a week or so."}, {"start": "00:07:15", "end": "00:07:18", "text": "So,"}, {"start": "00:07:16", "end": "00:07:20", "text": "if"}, {"start": "00:07:18", "end": "00:07:22", "text": "we don't"}, {"start": "00:07:20", "end": "00:07:24", "text": "get a rally to a new local high, then"}, {"start": "00:07:22", "end": "00:07:26", "text": "the implication"}, {"start": "00:07:24", "end": "00:07:30", "text": "is that the low is still ahead of us."}, {"start": "00:07:26", "end": "00:07:33", "text": "If we get if we drop down to 70 or 75"}, {"start": "00:07:30", "end": "00:07:36", "text": "and rally up to new highs, that would"}, {"start": "00:07:33", "end": "00:07:38", "text": "make me a lot more inclined to believe"}, {"start": "00:07:36", "end": "00:07:41", "text": "more of of the bull case. Where if it if"}, {"start": "00:07:38", "end": "00:07:42", "text": "it's repeating, you know, something like"}, {"start": "00:07:41", "end": "00:07:45", "text": "this,"}, {"start": "00:07:42", "end": "00:07:47", "text": "but this far into the bear market, it"}, {"start": "00:07:45", "end": "00:07:49", "text": "would probably have a little bit more"}, {"start": "00:07:47", "end": "00:07:50", "text": "legs on it. I I don't want to promise"}, {"start": "00:07:49", "end": "00:07:53", "text": "that because it's not like it's"}, {"start": "00:07:50", "end": "00:07:54", "text": "impossible for for this to happen,"}, {"start": "00:07:53", "end": "00:07:56", "text": "right? Like that's actually what"}, {"start": "00:07:54", "end": "00:07:59", "text": "happened in 2023."}, {"start": "00:07:56", "end": "00:08:02", "text": "Um it it dropped, rallied, and then"}, {"start": "00:07:59", "end": "00:08:04", "text": "dropped. So, that could happen, but if"}, {"start": "00:08:02", "end": "00:08:06", "text": "that happens, I would think that there's"}, {"start": "00:08:04", "end": "00:08:09", "text": "a higher chance that the low is in."}, {"start": "00:08:06", "end": "00:08:12", "text": "Meaning, it would it could do this,"}, {"start": "00:08:09", "end": "00:08:13", "text": "it could go like down, up, and then back"}, {"start": "00:08:12", "end": "00:08:16", "text": "down, but then it would likely just head"}, {"start": "00:08:13", "end": "00:08:17", "text": "back up in that case. So, I think if if"}, {"start": "00:08:16", "end": "00:08:19", "text": "you're looking for it to head back down"}, {"start": "00:08:17", "end": "00:08:21", "text": "here, you would want to see a lower high"}, {"start": "00:08:19", "end": "00:08:23", "text": "form, uh and then and then come back"}, {"start": "00:08:21", "end": "00:08:25", "text": "down. And and that's kind of essentially"}, {"start": "00:08:23", "end": "00:08:27", "text": "what happened in um"}, {"start": "00:08:25", "end": "00:08:28", "text": "you know, in"}, {"start": "00:08:27", "end": "00:08:30", "text": "2014-2015."}, {"start": "00:08:28", "end": "00:08:31", "text": "So, those are my thoughts. That's the"}, {"start": "00:08:30", "end": "00:08:33", "text": "dubious speculation. I don't want to"}, {"start": "00:08:31", "end": "00:08:34", "text": "ramble too much because I don't know"}, {"start": "00:08:33", "end": "00:08:36", "text": "what Bitcoin's going to be doing in a"}, {"start": "00:08:34", "end": "00:08:39", "text": "week. I mean, my guess would be it would"}, {"start": "00:08:36", "end": "00:08:42", "text": "be between somewhere between 70 and 75k."}, {"start": "00:08:39", "end": "00:08:43", "text": "Uh but if it's not, then there's this"}, {"start": "00:08:42", "end": "00:08:45", "text": "analysis is wrong, and there's no reason"}, {"start": "00:08:43", "end": "00:08:47", "text": "to put a lot of weight into it. But that"}, {"start": "00:08:45", "end": "00:08:49", "text": "is what I'd be looking at here as that"}, {"start": "00:08:47", "end": "00:08:50", "text": "golden cross did just arrive. If you"}, {"start": "00:08:49", "end": "00:08:52", "text": "guys like the content, make sure you"}, {"start": "00:08:50", "end": "00:08:53", "text": "subscribe to the channel, give the video"}, {"start": "00:08:52", "end": "00:08:55", "text": "a thumbs up, and also check out the sale"}, {"start": "00:08:53", "end": "00:08:57", "text": "on intothecryptoversepremium"}, {"start": "00:08:55", "end": "00:09:01", "text": "at intothecryptoverse.com."}, {"start": "00:08:57", "end": "00:09:01", "text": "I'll see you guys next time. Bye."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Hey everyone, and thanks for jumping"}, {"start": "00:00:01", "end": "00:00:06", "text": "back into the heavy metal verse."}, {"start": "00:00:04", "end": "00:00:09", "text": "Today, we're going to talk about gold"}, {"start": "00:00:06", "end": "00:00:12", "text": "and discuss the low that it is trying to"}, {"start": "00:00:09", "end": "00:00:13", "text": "seek out. If you guys like the content,"}, {"start": "00:00:12", "end": "00:00:15", "text": "make sure you subscribe to the channel,"}, {"start": "00:00:13", "end": "00:00:17", "text": "give the video a thumbs up, and also be"}, {"start": "00:00:15", "end": "00:00:20", "text": "sure to get your ticket to the first"}, {"start": "00:00:17", "end": "00:00:23", "text": "investing through the cycles conference"}, {"start": "00:00:20", "end": "00:00:25", "text": "taking place in late November in Miami."}, {"start": "00:00:23", "end": "00:00:28", "text": "Link is in the description below."}, {"start": "00:00:25", "end": "00:00:31", "text": "Let's go ahead and jump in. So, gold is"}, {"start": "00:00:28", "end": "00:00:34", "text": "now at 4,400. Now, if you guys remember"}, {"start": "00:00:31", "end": "00:00:36", "text": "kind of throughout this year, what we've"}, {"start": "00:00:34", "end": "00:00:39", "text": "sort of talked about was the idea that"}, {"start": "00:00:36", "end": "00:00:41", "text": "2026 would be a reset year for gold,"}, {"start": "00:00:39", "end": "00:00:42", "text": "that it would likely top early in the"}, {"start": "00:00:41", "end": "00:00:44", "text": "year,"}, {"start": "00:00:42", "end": "00:00:46", "text": "and then the rest of the year, most of"}, {"start": "00:00:44", "end": "00:00:47", "text": "it would be a reset year,"}, {"start": "00:00:46", "end": "00:00:50", "text": "but"}, {"start": "00:00:47", "end": "00:00:54", "text": "that there's seasonality to when the"}, {"start": "00:00:50", "end": "00:00:57", "text": "lows occur. So, take note of this."}, {"start": "00:00:54", "end": "00:01:00", "text": "The low, as it stands right now,"}, {"start": "00:00:57", "end": "00:01:02", "text": "was in like late June, early July time"}, {"start": "00:01:00", "end": "00:01:03", "text": "frame. Okay?"}, {"start": "00:01:02", "end": "00:01:05", "text": "Now,"}, {"start": "00:01:03", "end": "00:01:08", "text": "what's interesting about that"}, {"start": "00:01:05", "end": "00:01:12", "text": "is if you look at the year-to-date RLI"}, {"start": "00:01:08", "end": "00:01:14", "text": "of gold and look at the average of prior"}, {"start": "00:01:12", "end": "00:01:17", "text": "midterm years going back to the 1970s,"}, {"start": "00:01:14", "end": "00:01:19", "text": "what you'll see is that on average"}, {"start": "00:01:17", "end": "00:01:21", "text": "there is a drop into the summer, and on"}, {"start": "00:01:19", "end": "00:01:23", "text": "average the low is around July 6th."}, {"start": "00:01:21", "end": "00:01:25", "text": "Okay? So,"}, {"start": "00:01:23", "end": "00:01:27", "text": "this time is more or less played out"}, {"start": "00:01:25", "end": "00:01:30", "text": "like it normally does."}, {"start": "00:01:27", "end": "00:01:32", "text": "The only difference between this year"}, {"start": "00:01:30", "end": "00:01:35", "text": "and the average of prior midterm years"}, {"start": "00:01:32", "end": "00:01:37", "text": "is the volatility, right? I mean, the"}, {"start": "00:01:35", "end": "00:01:39", "text": "average is somewhere over here, and gold"}, {"start": "00:01:37", "end": "00:01:40", "text": "had a large remove to the upside, and"}, {"start": "00:01:39", "end": "00:01:43", "text": "then it had a larger move to the"}, {"start": "00:01:40", "end": "00:01:46", "text": "downside. But, you would expect the the"}, {"start": "00:01:43", "end": "00:01:48", "text": "average to, you know, to obviously not"}, {"start": "00:01:46", "end": "00:01:50", "text": "be at those extremes, and we can put one"}, {"start": "00:01:48", "end": "00:01:51", "text": "standard deviation onto that average,"}, {"start": "00:01:50", "end": "00:01:52", "text": "and you can kind of just see we went"}, {"start": "00:01:51", "end": "00:01:55", "text": "above it, and then we went slightly"}, {"start": "00:01:52", "end": "00:01:58", "text": "below it. But now, what you'll notice is"}, {"start": "00:01:55", "end": "00:02:01", "text": "that gold started moving up"}, {"start": "00:01:58", "end": "00:02:03", "text": "when it always does in the midterm year."}, {"start": "00:02:01", "end": "00:02:06", "text": "Now, some people might get hung up on"}, {"start": "00:02:03", "end": "00:02:10", "text": "the fact that in 2022"}, {"start": "00:02:06", "end": "00:02:14", "text": "and 2018, gold did not bottom until like"}, {"start": "00:02:10", "end": "00:02:16", "text": "September-October timeframe. Okay, so"}, {"start": "00:02:14", "end": "00:02:18", "text": "yes, it's possible that that could"}, {"start": "00:02:16", "end": "00:02:22", "text": "happen. Okay, it is it Is it within the"}, {"start": "00:02:18", "end": "00:02:24", "text": "realm of possibility that gold could put"}, {"start": "00:02:22", "end": "00:02:27", "text": "a lower low in?"}, {"start": "00:02:24", "end": "00:02:30", "text": "It's in the realm of possibility."}, {"start": "00:02:27", "end": "00:02:33", "text": "Be that as it may,"}, {"start": "00:02:30", "end": "00:02:36", "text": "I don't necessarily know if that should"}, {"start": "00:02:33", "end": "00:02:39", "text": "be the base case, right? If you look at"}, {"start": "00:02:36", "end": "00:02:43", "text": "the gold bull market support band, which"}, {"start": "00:02:39", "end": "00:02:46", "text": "is a which is made up of the 20-month uh"}, {"start": "00:02:43", "end": "00:02:49", "text": "SMA and the 21-month EMA,"}, {"start": "00:02:46", "end": "00:02:49", "text": "when we look at that,"}, {"start": "00:02:51", "end": "00:02:54", "text": "what you'll notice is that we basically"}, {"start": "00:02:53", "end": "00:02:55", "text": "bounced right off of it. I mean, we"}, {"start": "00:02:54", "end": "00:02:57", "text": "didn't quite get there, but we got real"}, {"start": "00:02:55", "end": "00:02:59", "text": "really, really close. And there are"}, {"start": "00:02:57", "end": "00:03:01", "text": "plenty of bull markets in the past where"}, {"start": "00:02:59", "end": "00:03:03", "text": "we would, you know, get close to it, but"}, {"start": "00:03:01", "end": "00:03:04", "text": "not quite tag it."}, {"start": "00:03:03", "end": "00:03:05", "text": "Okay?"}, {"start": "00:03:04", "end": "00:03:09", "text": "Now,"}, {"start": "00:03:05", "end": "00:03:12", "text": "I previously have drawn the obvious"}, {"start": "00:03:09", "end": "00:03:15", "text": "comparison, right? And I'm sure as"}, {"start": "00:03:12", "end": "00:03:17", "text": "everyone goes to sleep at night, they're"}, {"start": "00:03:15", "end": "00:03:21", "text": "probably thinking just how similar this"}, {"start": "00:03:17", "end": "00:03:23", "text": "gold move has been to 1974, right? I"}, {"start": "00:03:21", "end": "00:03:24", "text": "mean, obviously"}, {"start": "00:03:23", "end": "00:03:26", "text": "we're on the same boat, right? Like"}, {"start": "00:03:24", "end": "00:03:30", "text": "we're on the same boat there. And And"}, {"start": "00:03:26", "end": "00:03:34", "text": "so, what happened in 1974"}, {"start": "00:03:30", "end": "00:03:36", "text": "for gold is that it had"}, {"start": "00:03:34", "end": "00:03:39", "text": "a big move up"}, {"start": "00:03:36", "end": "00:03:42", "text": "off above the regression band, right?"}, {"start": "00:03:39", "end": "00:03:45", "text": "And what ended up happening is it topped"}, {"start": "00:03:42", "end": "00:03:48", "text": "in early 1974."}, {"start": "00:03:45", "end": "00:03:49", "text": "And it had a low"}, {"start": "00:03:48", "end": "00:03:50", "text": "in the summer."}, {"start": "00:03:49", "end": "00:03:52", "text": "You see that? Now, we're going to zoom"}, {"start": "00:03:50", "end": "00:03:53", "text": "in now."}, {"start": "00:03:52", "end": "00:03:58", "text": "But you can pretty clearly see it,"}, {"start": "00:03:53", "end": "00:04:00", "text": "right? You had a a high in early 1974,"}, {"start": "00:03:58", "end": "00:04:02", "text": "a low printed in the summer that was"}, {"start": "00:04:00", "end": "00:04:03", "text": "above the bull market support band,"}, {"start": "00:04:02", "end": "00:04:06", "text": "right?"}, {"start": "00:04:03", "end": "00:04:09", "text": "We bounced,"}, {"start": "00:04:06", "end": "00:04:11", "text": "found a local top in August,"}, {"start": "00:04:09", "end": "00:04:14", "text": "and then a higher low"}, {"start": "00:04:11", "end": "00:04:17", "text": "in September. Higher low. And what's"}, {"start": "00:04:14", "end": "00:04:20", "text": "fascinating is that gold went on to put"}, {"start": "00:04:17", "end": "00:04:24", "text": "in a new all-time high"}, {"start": "00:04:20", "end": "00:04:26", "text": "before the end of the year. Now, I don't"}, {"start": "00:04:24", "end": "00:04:29", "text": "want to go as far to say that that has"}, {"start": "00:04:26", "end": "00:04:30", "text": "to happen. It doesn't. But, what I would"}, {"start": "00:04:29", "end": "00:04:33", "text": "say"}, {"start": "00:04:30", "end": "00:04:36", "text": "is if you look at this move,"}, {"start": "00:04:33", "end": "00:04:38", "text": "we had almost a 30% drop,"}, {"start": "00:04:36", "end": "00:04:40", "text": "and then gold bottomed in the summer,"}, {"start": "00:04:38", "end": "00:04:42", "text": "and then had about a 50% rally before"}, {"start": "00:04:40", "end": "00:04:45", "text": "the year was over."}, {"start": "00:04:42", "end": "00:04:47", "text": "Now, if you go look and and again, let's"}, {"start": "00:04:45", "end": "00:04:49", "text": "actually zoom in a little bit on the"}, {"start": "00:04:47", "end": "00:04:52", "text": "weekly because I'd like to show"}, {"start": "00:04:49", "end": "00:04:54", "text": "where gold found that higher low. Like,"}, {"start": "00:04:52", "end": "00:04:58", "text": "where what week it printed, right? So,"}, {"start": "00:04:54", "end": "00:05:01", "text": "the week the higher low formed"}, {"start": "00:04:58", "end": "00:05:03", "text": "was the week of September 23rd."}, {"start": "00:05:01", "end": "00:05:06", "text": "Okay? September 23rd."}, {"start": "00:05:03", "end": "00:05:08", "text": "The low was the week of July 1st. Like,"}, {"start": "00:05:06", "end": "00:05:10", "text": "keep that in mind. The The low was the"}, {"start": "00:05:08", "end": "00:05:13", "text": "week of July 1st."}, {"start": "00:05:10", "end": "00:05:14", "text": "The higher low was the week of September"}, {"start": "00:05:13", "end": "00:05:18", "text": "23rd."}, {"start": "00:05:14", "end": "00:05:20", "text": "Now, when you go look at gold today,"}, {"start": "00:05:18", "end": "00:05:22", "text": "the low"}, {"start": "00:05:20", "end": "00:05:23", "text": "June The week of June June 29th."}, {"start": "00:05:22", "end": "00:05:25", "text": "Basically, the same week. Instead of"}, {"start": "00:05:23", "end": "00:05:27", "text": "July 1st, it was the week of June 29th."}, {"start": "00:05:25", "end": "00:05:29", "text": "But, that would go into July."}, {"start": "00:05:27", "end": "00:05:34", "text": "Basically, the same week."}, {"start": "00:05:29", "end": "00:05:37", "text": "The higher low potentially forms"}, {"start": "00:05:34", "end": "00:05:40", "text": "in a couple of weeks, maybe. Now, what's"}, {"start": "00:05:37", "end": "00:05:42", "text": "interesting is that if a higher low were"}, {"start": "00:05:40", "end": "00:05:45", "text": "to form,"}, {"start": "00:05:42", "end": "00:05:46", "text": "I would suggest"}, {"start": "00:05:45", "end": "00:05:48", "text": "that"}, {"start": "00:05:46", "end": "00:05:50", "text": "it would bottom"}, {"start": "00:05:48", "end": "00:05:53", "text": "before other markets would."}, {"start": "00:05:50", "end": "00:05:56", "text": "If you look at what happened in 1974,"}, {"start": "00:05:53", "end": "00:05:57", "text": "while gold found the low, the higher low"}, {"start": "00:05:56", "end": "00:05:59", "text": "in September,"}, {"start": "00:05:57", "end": "00:06:01", "text": "the S&P, it was going through them. I"}, {"start": "00:05:59", "end": "00:06:03", "text": "mean, we didn't have this AI massive"}, {"start": "00:06:01", "end": "00:06:05", "text": "build-out, but there was this seasonal"}, {"start": "00:06:03", "end": "00:06:06", "text": "weakness around that time. The S&P found"}, {"start": "00:06:05", "end": "00:06:08", "text": "the low"}, {"start": "00:06:06", "end": "00:06:10", "text": "uh kind of going into early October. It"}, {"start": "00:06:08", "end": "00:06:13", "text": "was the week of September 30th, so it"}, {"start": "00:06:10", "end": "00:06:16", "text": "was like a week a week or so after after"}, {"start": "00:06:13", "end": "00:06:18", "text": "when gold did. So, and and then the S&P"}, {"start": "00:06:16", "end": "00:06:20", "text": "still didn't go anywhere until the"}, {"start": "00:06:18", "end": "00:06:22", "text": "following year, right? It went up, but"}, {"start": "00:06:20", "end": "00:06:27", "text": "then came back down,"}, {"start": "00:06:22", "end": "00:06:29", "text": "was still at those lows while gold was"}, {"start": "00:06:27", "end": "00:06:30", "text": "at all-time highs."}, {"start": "00:06:29", "end": "00:06:32", "text": "So,"}, {"start": "00:06:30", "end": "00:06:34", "text": "what I what I want you to think about"}, {"start": "00:06:32", "end": "00:06:37", "text": "with this gold move"}, {"start": "00:06:34", "end": "00:06:39", "text": "is what's happened this year"}, {"start": "00:06:37", "end": "00:06:42", "text": "is really normal move for gold. All"}, {"start": "00:06:39", "end": "00:06:44", "text": "right, this is absolutely"}, {"start": "00:06:42", "end": "00:06:46", "text": "uh a a a fairly standard move. Gold"}, {"start": "00:06:44", "end": "00:06:49", "text": "moves up at the beginning, it drops into"}, {"start": "00:06:46", "end": "00:06:51", "text": "the summer, and then it bounces."}, {"start": "00:06:49", "end": "00:06:53", "text": "If you're looking at what happened in"}, {"start": "00:06:51", "end": "00:06:56", "text": "September and October as a reason for"}, {"start": "00:06:53", "end": "00:06:58", "text": "why it has to go lower, I want to just"}, {"start": "00:06:56", "end": "00:07:01", "text": "say that you could be right. Like, I am"}, {"start": "00:06:58", "end": "00:07:03", "text": "not against that outcome, but I want to"}, {"start": "00:07:01", "end": "00:07:05", "text": "caution people into putting too much"}, {"start": "00:07:03", "end": "00:07:08", "text": "faith in it because there are plenty of"}, {"start": "00:07:05", "end": "00:07:11", "text": "examples where a higher low is formed in"}, {"start": "00:07:08", "end": "00:07:15", "text": "September-October rather than a lower"}, {"start": "00:07:11", "end": "00:07:18", "text": "low, okay? And gold already dropped"}, {"start": "00:07:15", "end": "00:07:20", "text": "about 30%, right? So,"}, {"start": "00:07:18", "end": "00:07:22", "text": "you know, if it wants to put in a lower"}, {"start": "00:07:20", "end": "00:07:24", "text": "low, I I guess you're basically just"}, {"start": "00:07:22", "end": "00:07:26", "text": "kind of like backtesting. But even then,"}, {"start": "00:07:24", "end": "00:07:28", "text": "I I still think it it could in fact be a"}, {"start": "00:07:26", "end": "00:07:30", "text": "higher low. So, what I'm looking for"}, {"start": "00:07:28", "end": "00:07:32", "text": "with gold"}, {"start": "00:07:30", "end": "00:07:34", "text": "is to print that low,"}, {"start": "00:07:32", "end": "00:07:38", "text": "I would say between"}, {"start": "00:07:34", "end": "00:07:39", "text": "now and let's call it mid-October."}, {"start": "00:07:38", "end": "00:07:43", "text": "I don't think it's going to take until"}, {"start": "00:07:39", "end": "00:07:44", "text": "mid-October, but sometime we should"}, {"start": "00:07:43", "end": "00:07:46", "text": "start to see that that move come back."}, {"start": "00:07:44", "end": "00:07:48", "text": "So, it would look something like that"}, {"start": "00:07:46", "end": "00:07:51", "text": "and then you sort of bounce out out of"}, {"start": "00:07:48", "end": "00:07:53", "text": "like bounce out of it. That is my"}, {"start": "00:07:51", "end": "00:07:57", "text": "assessment into"}, {"start": "00:07:53", "end": "00:07:58", "text": "how gold is going to play out from here."}, {"start": "00:07:57", "end": "00:08:03", "text": "Now,"}, {"start": "00:07:58", "end": "00:08:06", "text": "if gold is not at new all-time highs"}, {"start": "00:08:03", "end": "00:08:10", "text": "by let's call it mid-2027,"}, {"start": "00:08:06", "end": "00:08:12", "text": "then I might have to reassess my uh my"}, {"start": "00:08:10", "end": "00:08:15", "text": "thoughts about being a local top. I do"}, {"start": "00:08:12", "end": "00:08:18", "text": "not think that that that will be like"}, {"start": "00:08:15", "end": "00:08:19", "text": "sort of like the long-term secular top."}, {"start": "00:08:18", "end": "00:08:23", "text": "I don't get the impression that it's the"}, {"start": "00:08:19", "end": "00:08:25", "text": "same thing as what happened in 2011, but"}, {"start": "00:08:23", "end": "00:08:29", "text": "if we are unable to if if gold is unable"}, {"start": "00:08:25", "end": "00:08:30", "text": "to make an all-time high by mid-2027,"}, {"start": "00:08:29", "end": "00:08:33", "text": "then I would start to get a little"}, {"start": "00:08:30", "end": "00:08:37", "text": "skeptical. If you look at the 2011 move,"}, {"start": "00:08:33", "end": "00:08:38", "text": "what happened back then is gold topped,"}, {"start": "00:08:37", "end": "00:08:40", "text": "but then"}, {"start": "00:08:38", "end": "00:08:41", "text": "about a year later, it still hadn't"}, {"start": "00:08:40", "end": "00:08:45", "text": "taken out the highs."}, {"start": "00:08:41", "end": "00:08:46", "text": "We're currently only 8 months later. So,"}, {"start": "00:08:45", "end": "00:08:50", "text": "I would like to give it a little bit"}, {"start": "00:08:46", "end": "00:08:52", "text": "longer going into say mid-2027"}, {"start": "00:08:50", "end": "00:08:54", "text": "before I would be willing to to to to"}, {"start": "00:08:52", "end": "00:08:57", "text": "say, \"Okay, the top is in.\" But until"}, {"start": "00:08:54", "end": "00:09:00", "text": "that time, I think you have to give, in"}, {"start": "00:08:57", "end": "00:09:02", "text": "my opinion, like I have to give 1974"}, {"start": "00:09:00", "end": "00:09:04", "text": "comparison a chance. I have to give the"}, {"start": "00:09:02", "end": "00:09:06", "text": "mid-term average comparison a chance."}, {"start": "00:09:04", "end": "00:09:08", "text": "Because if this just simply plays out"}, {"start": "00:09:06", "end": "00:09:10", "text": "and we're back at the average, it"}, {"start": "00:09:08", "end": "00:09:13", "text": "wouldn't be a new all-time high, but we"}, {"start": "00:09:10", "end": "00:09:14", "text": "would be right back up at the highs."}, {"start": "00:09:13", "end": "00:09:16", "text": "And"}, {"start": "00:09:14", "end": "00:09:19", "text": "I I And the other reason why I think"}, {"start": "00:09:16", "end": "00:09:22", "text": "gold is struggling right now is because"}, {"start": "00:09:19", "end": "00:09:23", "text": "of the dollar, right? So, the dollar is"}, {"start": "00:09:22", "end": "00:09:25", "text": "I know you're like, \"Well, the dollar's"}, {"start": "00:09:23", "end": "00:09:26", "text": "not strong right now. What's he talking"}, {"start": "00:09:25", "end": "00:09:28", "text": "about?\""}, {"start": "00:09:26", "end": "00:09:32", "text": "I think it's going to be strong and and"}, {"start": "00:09:28", "end": "00:09:36", "text": "that could be where I I'm I'm wrong, but"}, {"start": "00:09:32", "end": "00:09:39", "text": "if you look at the dollar, it's at 98.6."}, {"start": "00:09:36", "end": "00:09:41", "text": "I think it's printing a higher low,"}, {"start": "00:09:39", "end": "00:09:44", "text": "right? Like I I I think we're just kind"}, {"start": "00:09:41", "end": "00:09:46", "text": "of repeating the same process where you"}, {"start": "00:09:44", "end": "00:09:48", "text": "you form a low,"}, {"start": "00:09:46", "end": "00:09:49", "text": "you rally, you come back down, and then"}, {"start": "00:09:48", "end": "00:09:52", "text": "you move, right? Same thing, right? You"}, {"start": "00:09:49", "end": "00:09:54", "text": "you So, the low, the rally,"}, {"start": "00:09:52", "end": "00:09:55", "text": "come back down, and then go up. And then"}, {"start": "00:09:54", "end": "00:09:57", "text": "the next one on the higher and the next"}, {"start": "00:09:55", "end": "00:09:58", "text": "one, right? A low, you rally, you come"}, {"start": "00:09:57", "end": "00:10:00", "text": "back down, and then you go up. Same"}, {"start": "00:09:58", "end": "00:10:02", "text": "thing. A low, a rally, you come back"}, {"start": "00:10:00", "end": "00:10:04", "text": "down, you then go up. Why would the"}, {"start": "00:10:02", "end": "00:10:06", "text": "dollar go up?"}, {"start": "00:10:04", "end": "00:10:07", "text": "Because inflation and because the Fed is"}, {"start": "00:10:06", "end": "00:10:11", "text": "likely going to start raising rates"}, {"start": "00:10:07", "end": "00:10:14", "text": "soon. So, I think the dollar is likely"}, {"start": "00:10:11", "end": "00:10:18", "text": "going to go up."}, {"start": "00:10:14", "end": "00:10:22", "text": "And what's interesting is if you look at"}, {"start": "00:10:18", "end": "00:10:23", "text": "the path of the dollar"}, {"start": "00:10:22", "end": "00:10:24", "text": "in"}, {"start": "00:10:23", "end": "00:10:26", "text": "2018,"}, {"start": "00:10:24", "end": "00:10:29", "text": "okay? And again, this is the reason we"}, {"start": "00:10:26", "end": "00:10:31", "text": "do this is because it was the same"}, {"start": "00:10:29", "end": "00:10:33", "text": "president, right? The same president."}, {"start": "00:10:31", "end": "00:10:35", "text": "Obviously, the administration would"}, {"start": "00:10:33", "end": "00:10:37", "text": "prefer the dollar to go down."}, {"start": "00:10:35", "end": "00:10:38", "text": "But you can see there was also a"}, {"start": "00:10:37", "end": "00:10:41", "text": "correction in the dollar around this"}, {"start": "00:10:38", "end": "00:10:44", "text": "time during Trump's first term."}, {"start": "00:10:41", "end": "00:10:46", "text": "It went down, but then in just a few"}, {"start": "00:10:44", "end": "00:10:48", "text": "days,"}, {"start": "00:10:46", "end": "00:10:51", "text": "sort of in the calendar year, it started"}, {"start": "00:10:48", "end": "00:10:54", "text": "an aggressive move higher. You see that?"}, {"start": "00:10:51", "end": "00:10:57", "text": "And so, I think gold is currently"}, {"start": "00:10:54", "end": "00:10:59", "text": "sniffing that out. Like I think gold is"}, {"start": "00:10:57", "end": "00:11:01", "text": "aware that the Fed is about to raise"}, {"start": "00:10:59", "end": "00:11:02", "text": "rates and that the dollar is about to go"}, {"start": "00:11:01", "end": "00:11:05", "text": "up."}, {"start": "00:11:02", "end": "00:11:08", "text": "And that's why it's weak. So, by the"}, {"start": "00:11:05", "end": "00:11:11", "text": "time the dollar starts to actually go"}, {"start": "00:11:08", "end": "00:11:13", "text": "up, the gold low might be in or be very"}, {"start": "00:11:11", "end": "00:11:16", "text": "close to being in because markets price"}, {"start": "00:11:13", "end": "00:11:19", "text": "this stuff in ahead of time. Like gold,"}, {"start": "00:11:16", "end": "00:11:22", "text": "in my opinion, right now is pricing in a"}, {"start": "00:11:19", "end": "00:11:23", "text": "future dollar rally that will go that"}, {"start": "00:11:22", "end": "00:11:26", "text": "will take us"}, {"start": "00:11:23", "end": "00:11:28", "text": "into the end of the year, okay?"}, {"start": "00:11:26", "end": "00:11:31", "text": "That's what I think. And I I think the"}, {"start": "00:11:28", "end": "00:11:33", "text": "the reason it hasn't happened yet"}, {"start": "00:11:31", "end": "00:11:35", "text": "arguably a seasonality thing, but also"}, {"start": "00:11:33", "end": "00:11:36", "text": "just simply because the market is"}, {"start": "00:11:35", "end": "00:11:38", "text": "relatively unsure if we're going to get"}, {"start": "00:11:36", "end": "00:11:40", "text": "a rate hike in the first place."}, {"start": "00:11:38", "end": "00:11:42", "text": "If we don't get a rate hike, the long"}, {"start": "00:11:40", "end": "00:11:45", "text": "end of the yield curve is is going to"}, {"start": "00:11:42", "end": "00:11:47", "text": "struggle to go back down. And I know"}, {"start": "00:11:45", "end": "00:11:49", "text": "Treasury Secretary Besson's going to do"}, {"start": "00:11:47", "end": "00:11:52", "text": "what he can do, but when you interfere"}, {"start": "00:11:49", "end": "00:11:53", "text": "with markets like the way he wants to,"}, {"start": "00:11:52", "end": "00:11:55", "text": "the markets will then just test your"}, {"start": "00:11:53", "end": "00:11:57", "text": "resolve. They'll see how far he's"}, {"start": "00:11:55", "end": "00:12:00", "text": "willing to go to suppress the long end."}, {"start": "00:11:57", "end": "00:12:02", "text": "Because when when you start intervening,"}, {"start": "00:12:00", "end": "00:12:04", "text": "it usually just leads to more"}, {"start": "00:12:02", "end": "00:12:06", "text": "intervention, not less. It just is the"}, {"start": "00:12:04", "end": "00:12:10", "text": "the acknowledgement that hey, you have"}, {"start": "00:12:06", "end": "00:12:11", "text": "to continue to to increase the bond"}, {"start": "00:12:10", "end": "00:12:13", "text": "buybacks in order to keep the long the"}, {"start": "00:12:11", "end": "00:12:15", "text": "long end of the yield curve down. The"}, {"start": "00:12:13", "end": "00:12:17", "text": "best thing they could do"}, {"start": "00:12:15", "end": "00:12:19", "text": "to suppress the long end would just"}, {"start": "00:12:17", "end": "00:12:22", "text": "simply be to raise rates. And if they"}, {"start": "00:12:19", "end": "00:12:24", "text": "raise rates, the dollar goes up. That's"}, {"start": "00:12:22", "end": "00:12:27", "text": "the weakness that gold is sniffing out"}, {"start": "00:12:24", "end": "00:12:29", "text": "right now. And by the time"}, {"start": "00:12:27", "end": "00:12:31", "text": "we get to mid-September going into"}, {"start": "00:12:29", "end": "00:12:33", "text": "mid-October, I think the the low is"}, {"start": "00:12:31", "end": "00:12:35", "text": "likely in by that point. And again, it"}, {"start": "00:12:33", "end": "00:12:38", "text": "it very well could be a higher low. I am"}, {"start": "00:12:35", "end": "00:12:40", "text": "in the camp of it being a higher low."}, {"start": "00:12:38", "end": "00:12:42", "text": "But if it's a lower low, I don't think"}, {"start": "00:12:40", "end": "00:12:45", "text": "it negates the overall thesis, right? It"}, {"start": "00:12:42", "end": "00:12:47", "text": "could just be, you know, something"}, {"start": "00:12:45", "end": "00:12:49", "text": "maybe the dollar goes up more than what"}, {"start": "00:12:47", "end": "00:12:51", "text": "I'm expecting. I don't know, but I don't"}, {"start": "00:12:49", "end": "00:12:53", "text": "really think it would negate the overall"}, {"start": "00:12:51", "end": "00:12:55", "text": "thesis of what I'm trying to"}, {"start": "00:12:53", "end": "00:12:57", "text": "communicate. So, those are my views on"}, {"start": "00:12:55", "end": "00:12:58", "text": "gold. If you guys like the content, make"}, {"start": "00:12:57", "end": "00:13:00", "text": "sure you subscribe, give the video a"}, {"start": "00:12:58", "end": "00:13:02", "text": "thumbs up. Again, check out the sale on"}, {"start": "00:13:00", "end": "00:13:04", "text": "ITC Premium. Link is in the description"}, {"start": "00:13:02", "end": "00:13:08", "text": "below. Thank you guys for tuning in, and"}, {"start": "00:13:04", "end": "00:13:08", "text": "I'll see you next time. Bye."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "Gold is already sniffing out this"}, {"start": "00:00:01", "end": "00:00:06", "text": "weakness. Right now, if the dollar were"}, {"start": "00:00:03", "end": "00:00:08", "text": "to take out all these lows, then I might"}, {"start": "00:00:06", "end": "00:00:11", "text": "have to reassess. This pattern does"}, {"start": "00:00:08", "end": "00:00:12", "text": "somewhat look like the Bitcoin dominance"}, {"start": "00:00:11", "end": "00:00:14", "text": "pattern to me"}, {"start": "00:00:12", "end": "00:00:17", "text": "from from the prior cycle. Right? So, if"}, {"start": "00:00:14", "end": "00:00:18", "text": "you go look at at Bitcoin. You're like,"}, {"start": "00:00:17", "end": "00:00:19", "text": "\"Why is he Why does he always work in"}, {"start": "00:00:18", "end": "00:00:21", "text": "Bitcoin dominance?\" But, if you look at"}, {"start": "00:00:19", "end": "00:00:23", "text": "at Bitcoin dominance in"}, {"start": "00:00:21", "end": "00:00:25", "text": "you know, over here, there was a period"}, {"start": "00:00:23", "end": "00:00:27", "text": "where you had three lower lows, and then"}, {"start": "00:00:25", "end": "00:00:29", "text": "you had a fourth slightly lower low, and"}, {"start": "00:00:27", "end": "00:00:31", "text": "then we were back in business."}, {"start": "00:00:29", "end": "00:00:32", "text": "The reason I don't think this is what's"}, {"start": "00:00:31", "end": "00:00:34", "text": "going to happen, and that I think it'll"}, {"start": "00:00:32", "end": "00:00:38", "text": "be a higher low instead, is because this"}, {"start": "00:00:34", "end": "00:00:41", "text": "included stablecoins. And if you exclude"}, {"start": "00:00:38", "end": "00:00:43", "text": "stablecoins from the Bitcoin dominance"}, {"start": "00:00:41", "end": "00:00:46", "text": "chart, which I think is a relevant"}, {"start": "00:00:43", "end": "00:00:48", "text": "exercise to do in order to truly measure"}, {"start": "00:00:46", "end": "00:00:50", "text": "like, you know, what it is we're we're"}, {"start": "00:00:48", "end": "00:00:51", "text": "actually trying to measure, you'll"}, {"start": "00:00:50", "end": "00:00:53", "text": "you'll see that it actually looks"}, {"start": "00:00:51", "end": "00:00:54", "text": "completely different. Right? So, when"}, {"start": "00:00:53", "end": "00:00:58", "text": "you look at it like this, you'll see"}, {"start": "00:00:54", "end": "00:00:58", "text": "that it was a higher low."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Hey everyone, and thanks for jumping"}, {"start": "00:00:02", "end": "00:00:06", "text": "back into the Forex First."}, {"start": "00:00:04", "end": "00:00:09", "text": "Today, we're going to talk about the US"}, {"start": "00:00:06", "end": "00:00:11", "text": "dollar currency index, one of the most"}, {"start": "00:00:09", "end": "00:00:13", "text": "riveting topics for everyone here. If"}, {"start": "00:00:11", "end": "00:00:14", "text": "you guys like the content, make sure you"}, {"start": "00:00:13", "end": "00:00:16", "text": "subscribe to the channel, give the video"}, {"start": "00:00:14", "end": "00:00:18", "text": "a thumbs up, and also check out the sale"}, {"start": "00:00:16", "end": "00:00:20", "text": "on ITC premium. Link is in the"}, {"start": "00:00:18", "end": "00:00:22", "text": "description below. Also, be sure to get"}, {"start": "00:00:20", "end": "00:00:23", "text": "your ticket to the first Investing"}, {"start": "00:00:22", "end": "00:00:26", "text": "Through the Cycles conference taking"}, {"start": "00:00:23", "end": "00:00:30", "text": "place November 21st. Let's go ahead and"}, {"start": "00:00:26", "end": "00:00:33", "text": "jump in. So, my views on the dollar"}, {"start": "00:00:30", "end": "00:00:35", "text": "remain unchanged. I would be willing to"}, {"start": "00:00:33", "end": "00:00:38", "text": "pivot my view"}, {"start": "00:00:35", "end": "00:00:39", "text": "if the Fed is unwilling to raise rates."}, {"start": "00:00:38", "end": "00:00:42", "text": "However,"}, {"start": "00:00:39", "end": "00:00:45", "text": "I think that the Fed will raise rates"}, {"start": "00:00:42", "end": "00:00:47", "text": "again before the end of the year."}, {"start": "00:00:45", "end": "00:00:50", "text": "I do. And I think there's a chance they"}, {"start": "00:00:47", "end": "00:00:52", "text": "might do it as early as September. And"}, {"start": "00:00:50", "end": "00:00:53", "text": "that's not really a contrarian view at"}, {"start": "00:00:52", "end": "00:00:56", "text": "this point for the Fed to raise rates. I"}, {"start": "00:00:53", "end": "00:00:58", "text": "mean, as of right now, again, I'm going"}, {"start": "00:00:56", "end": "00:01:00", "text": "to be traveling for the next like week"}, {"start": "00:00:58", "end": "00:01:02", "text": "and a half or so. It's currently"}, {"start": "00:01:00", "end": "00:01:04", "text": "September 9th."}, {"start": "00:01:02", "end": "00:01:06", "text": "You're probably watching this video like"}, {"start": "00:01:04", "end": "00:01:08", "text": "many, many days from now"}, {"start": "00:01:06", "end": "00:01:11", "text": "on the public channel."}, {"start": "00:01:08", "end": "00:01:14", "text": "But, the odds as of September 9th for a"}, {"start": "00:01:11", "end": "00:01:16", "text": "rate hike are 60%."}, {"start": "00:01:14", "end": "00:01:17", "text": "If the Fed were to follow through with"}, {"start": "00:01:16", "end": "00:01:19", "text": "this"}, {"start": "00:01:17", "end": "00:01:23", "text": "and actually raise rates, I think you're"}, {"start": "00:01:19", "end": "00:01:26", "text": "going to see the dollar bounce and head"}, {"start": "00:01:23", "end": "00:01:28", "text": "back up. Now, if you zoom in to the"}, {"start": "00:01:26", "end": "00:01:30", "text": "moves by the dollar over the last couple"}, {"start": "00:01:28", "end": "00:01:32", "text": "of lows that have formed, you'll see"}, {"start": "00:01:30", "end": "00:01:34", "text": "there's a pattern, right? It sets a low,"}, {"start": "00:01:32", "end": "00:01:35", "text": "it rallies, it comes back down, and then"}, {"start": "00:01:34", "end": "00:01:38", "text": "goes higher."}, {"start": "00:01:35", "end": "00:01:40", "text": "Okay, again, look. Sets a low, rallies,"}, {"start": "00:01:38", "end": "00:01:44", "text": "comes back down, and then goes higher."}, {"start": "00:01:40", "end": "00:01:46", "text": "Same thing, right? Comes down, rallies,"}, {"start": "00:01:44", "end": "00:01:47", "text": "back down,"}, {"start": "00:01:46", "end": "00:01:49", "text": "higher"}, {"start": "00:01:47", "end": "00:01:50", "text": "in my opinion."}, {"start": "00:01:49", "end": "00:01:52", "text": "This is what I think's going to happen."}, {"start": "00:01:50", "end": "00:01:54", "text": "By the time you're watching this video,"}, {"start": "00:01:52", "end": "00:01:57", "text": "maybe gold or sorry, maybe maybe the"}, {"start": "00:01:54", "end": "00:01:59", "text": "dollar is no longer at 98. You know, I"}, {"start": "00:01:57", "end": "00:02:01", "text": "don't know what it's going to be by the"}, {"start": "00:01:59", "end": "00:02:03", "text": "time I release the video, but I'm trying"}, {"start": "00:02:01", "end": "00:02:05", "text": "to just pre-record a few videos just so"}, {"start": "00:02:03", "end": "00:02:06", "text": "there's something that I'm putting out"}, {"start": "00:02:05", "end": "00:02:08", "text": "while I'm traveling."}, {"start": "00:02:06", "end": "00:02:11", "text": "And things like the dollar don't tend to"}, {"start": "00:02:08", "end": "00:02:13", "text": "be nearly as volatile as other assets"}, {"start": "00:02:11", "end": "00:02:15", "text": "like Bitcoin because Bitcoin's moving,"}, {"start": "00:02:13", "end": "00:02:16", "text": "you know, very very very quickly"}, {"start": "00:02:15", "end": "00:02:18", "text": "sometimes and so it's harder to make"}, {"start": "00:02:16", "end": "00:02:19", "text": "videos on it"}, {"start": "00:02:18", "end": "00:02:21", "text": "when I'm going to be gone."}, {"start": "00:02:19", "end": "00:02:24", "text": "So,"}, {"start": "00:02:21", "end": "00:02:27", "text": "the dollar, the path to me is to head"}, {"start": "00:02:24", "end": "00:02:28", "text": "back up. Okay?"}, {"start": "00:02:27", "end": "00:02:30", "text": "We've talked about this before. If you"}, {"start": "00:02:28", "end": "00:02:32", "text": "look at the the dollar during Trump's"}, {"start": "00:02:30", "end": "00:02:34", "text": "first term and his second term, it's"}, {"start": "00:02:32", "end": "00:02:37", "text": "basically the same path so far, right?"}, {"start": "00:02:34", "end": "00:02:38", "text": "Down for the first year, consolidate,"}, {"start": "00:02:37", "end": "00:02:40", "text": "and then start heading back up. And we"}, {"start": "00:02:38", "end": "00:02:42", "text": "also had a drop in the dollar around"}, {"start": "00:02:40", "end": "00:02:45", "text": "this time during Trump's first term and"}, {"start": "00:02:42", "end": "00:02:48", "text": "you can see that it was only that was on"}, {"start": "00:02:45", "end": "00:02:50", "text": "we're on day 597"}, {"start": "00:02:48", "end": "00:02:51", "text": "indexed to when the administrator or the"}, {"start": "00:02:50", "end": "00:02:54", "text": "new administration"}, {"start": "00:02:51", "end": "00:02:56", "text": "in 2018 the dollar started going up on"}, {"start": "00:02:54", "end": "00:03:01", "text": "day 608."}, {"start": "00:02:56", "end": "00:03:02", "text": "And it went up into the end of the year."}, {"start": "00:03:01", "end": "00:03:06", "text": "I think the same thing's going to"}, {"start": "00:03:02", "end": "00:03:09", "text": "happen. Now, if you were to overlay"}, {"start": "00:03:06", "end": "00:03:13", "text": "interest rates onto the chart for the"}, {"start": "00:03:09", "end": "00:03:15", "text": "dollar, right? What you'll notice"}, {"start": "00:03:13", "end": "00:03:20", "text": "we zoom out here."}, {"start": "00:03:15", "end": "00:03:21", "text": "What you'll notice in 2018, late 2018,"}, {"start": "00:03:20", "end": "00:03:24", "text": "we also"}, {"start": "00:03:21", "end": "00:03:26", "text": "got a rate hike or two."}, {"start": "00:03:24", "end": "00:03:28", "text": "But, it was different because we were in"}, {"start": "00:03:26", "end": "00:03:30", "text": "the middle of a rate hiking cycle. But"}, {"start": "00:03:28", "end": "00:03:32", "text": "still, the dollar was going up. What's"}, {"start": "00:03:30", "end": "00:03:35", "text": "more accurate in my opinion to compare"}, {"start": "00:03:32", "end": "00:03:38", "text": "to is not 2018 in this case, but to go"}, {"start": "00:03:35", "end": "00:03:41", "text": "back in time and find"}, {"start": "00:03:38", "end": "00:03:44", "text": "a rate hiking cycle"}, {"start": "00:03:41", "end": "00:03:47", "text": "followed by a pause followed by a"}, {"start": "00:03:44", "end": "00:03:49", "text": "cutting cycle, and then what happened"}, {"start": "00:03:47", "end": "00:03:50", "text": "when interest rates went back up. That's"}, {"start": "00:03:49", "end": "00:03:53", "text": "what you should look at."}, {"start": "00:03:50", "end": "00:03:56", "text": "Not 2018. So,"}, {"start": "00:03:53", "end": "00:03:59", "text": "the 1990s is our example."}, {"start": "00:03:56", "end": "00:04:01", "text": "Look at what happened."}, {"start": "00:03:59", "end": "00:04:04", "text": "We had the rate hiking cycle."}, {"start": "00:04:01", "end": "00:04:07", "text": "We had the rate cutting cycle."}, {"start": "00:04:04", "end": "00:04:09", "text": "Fed funds rate remains constant."}, {"start": "00:04:07", "end": "00:04:11", "text": "And then we got a rate hike."}, {"start": "00:04:09", "end": "00:04:13", "text": "And you can see on that rate hike and"}, {"start": "00:04:11", "end": "00:04:16", "text": "and right before the rate hike occurred,"}, {"start": "00:04:13", "end": "00:04:18", "text": "the dollar started to explode higher."}, {"start": "00:04:16", "end": "00:04:21", "text": "You see that? It was at like 90 91 just"}, {"start": "00:04:18", "end": "00:04:22", "text": "before the rate hike. And and about a"}, {"start": "00:04:21", "end": "00:04:25", "text": "month or so after the rate hike it was"}, {"start": "00:04:22", "end": "00:04:27", "text": "all the way up at 97."}, {"start": "00:04:25", "end": "00:04:32", "text": "And it actually continued to go up until"}, {"start": "00:04:27", "end": "00:04:32", "text": "the Fed cut rates again. So, I think"}, {"start": "00:04:32", "end": "00:04:38", "text": "the most likely path for the dollar"}, {"start": "00:04:35", "end": "00:04:41", "text": "is what I'm about to draw."}, {"start": "00:04:38", "end": "00:04:41", "text": "Something like this."}, {"start": "00:04:41", "end": "00:04:46", "text": "It finds a low."}, {"start": "00:04:43", "end": "00:04:48", "text": "Sorry. I need to do the uh"}, {"start": "00:04:46", "end": "00:04:50", "text": "It finds a low."}, {"start": "00:04:48", "end": "00:04:53", "text": "It rallies."}, {"start": "00:04:50", "end": "00:04:55", "text": "Comes back down. Something like this."}, {"start": "00:04:53", "end": "00:04:58", "text": "But then eventually"}, {"start": "00:04:55", "end": "00:04:59", "text": "heads back up here."}, {"start": "00:04:58", "end": "00:05:01", "text": "And then from there"}, {"start": "00:04:59", "end": "00:05:04", "text": "you might see it get rejected again."}, {"start": "00:05:01", "end": "00:05:07", "text": "Something like that is what I think will"}, {"start": "00:05:04", "end": "00:05:07", "text": "play out for the dollar."}, {"start": "00:05:07", "end": "00:05:10", "text": "Now,"}, {"start": "00:05:07", "end": "00:05:13", "text": "if the dollar were to take out all these"}, {"start": "00:05:10", "end": "00:05:16", "text": "lows, then I might have to reassess."}, {"start": "00:05:13", "end": "00:05:18", "text": "This pattern does somewhat look like the"}, {"start": "00:05:16", "end": "00:05:20", "text": "Bitcoin dominance pattern to me"}, {"start": "00:05:18", "end": "00:05:22", "text": "uh from"}, {"start": "00:05:20", "end": "00:05:25", "text": "from the prior cycle, right? So, if you"}, {"start": "00:05:22", "end": "00:05:26", "text": "go look at at Bitcoin and you're like,"}, {"start": "00:05:25", "end": "00:05:27", "text": "\"Why is he Why does he always work in"}, {"start": "00:05:26", "end": "00:05:31", "text": "Bitcoin dominance?\" Well, if you look at"}, {"start": "00:05:27", "end": "00:05:33", "text": "at Bitcoin dominance in um"}, {"start": "00:05:31", "end": "00:05:35", "text": "you know, over here, there was a period"}, {"start": "00:05:33", "end": "00:05:37", "text": "where you had three lower lows and then"}, {"start": "00:05:35", "end": "00:05:39", "text": "you had a fourth slightly lower low and"}, {"start": "00:05:37", "end": "00:05:41", "text": "then we were back in business."}, {"start": "00:05:39", "end": "00:05:43", "text": "The reason I don't think this is what's"}, {"start": "00:05:41", "end": "00:05:45", "text": "going to happen and that I think it'll"}, {"start": "00:05:43", "end": "00:05:48", "text": "be a higher low instead is because this"}, {"start": "00:05:45", "end": "00:05:51", "text": "included stable coins, and if you"}, {"start": "00:05:48", "end": "00:05:54", "text": "exclude stable coins from the Bitcoin"}, {"start": "00:05:51", "end": "00:05:57", "text": "dominance chart, which I think is a"}, {"start": "00:05:54", "end": "00:05:58", "text": "relevant exercise to do in order to"}, {"start": "00:05:57", "end": "00:06:01", "text": "truly measure like, you know, what it is"}, {"start": "00:05:58", "end": "00:06:02", "text": "we're we're actually trying to measure,"}, {"start": "00:06:01", "end": "00:06:04", "text": "um"}, {"start": "00:06:02", "end": "00:06:05", "text": "you'll you'll see that it actually looks"}, {"start": "00:06:04", "end": "00:06:07", "text": "completely different, right? So, when"}, {"start": "00:06:05", "end": "00:06:09", "text": "you look at it like this, you'll see"}, {"start": "00:06:07", "end": "00:06:11", "text": "that it was"}, {"start": "00:06:09", "end": "00:06:14", "text": "a higher low."}, {"start": "00:06:11", "end": "00:06:17", "text": "Consolidate and move up. So, I think the"}, {"start": "00:06:14", "end": "00:06:19", "text": "dollar will find a low soon, and then"}, {"start": "00:06:17", "end": "00:06:21", "text": "it'll move up into the rate hike, and"}, {"start": "00:06:19", "end": "00:06:23", "text": "then likely continue to move up until"}, {"start": "00:06:21", "end": "00:06:25", "text": "the Fed cuts rates again. And what that"}, {"start": "00:06:23", "end": "00:06:29", "text": "means is that the dollar is likely going"}, {"start": "00:06:25", "end": "00:06:32", "text": "to come back up to this trend line."}, {"start": "00:06:29", "end": "00:06:36", "text": "So, it'll probably tag it, you know,"}, {"start": "00:06:32", "end": "00:06:39", "text": "maybe in 2027 or 2028 around like 104."}, {"start": "00:06:36", "end": "00:06:41", "text": "104, 105 seems about right."}, {"start": "00:06:39", "end": "00:06:43", "text": "So, that's what I would look for for the"}, {"start": "00:06:41", "end": "00:06:45", "text": "dollar."}, {"start": "00:06:43", "end": "00:06:46", "text": "Gold is already sniffing out this"}, {"start": "00:06:45", "end": "00:06:49", "text": "weakness, right? Gold's already going"}, {"start": "00:06:46", "end": "00:06:50", "text": "down right now to try to find a low"}, {"start": "00:06:49", "end": "00:06:53", "text": "that's and maybe even a higher low to to"}, {"start": "00:06:50", "end": "00:06:54", "text": "print. And I I think the reason gold has"}, {"start": "00:06:53", "end": "00:06:56", "text": "been struggling the last few weeks is"}, {"start": "00:06:54", "end": "00:06:59", "text": "because it knows that this rise in the"}, {"start": "00:06:56", "end": "00:07:02", "text": "dollar is about to start."}, {"start": "00:06:59", "end": "00:07:03", "text": "So, that's my view on the dollar."}, {"start": "00:07:02", "end": "00:07:05", "text": "Uh if you guys like the content, make"}, {"start": "00:07:03", "end": "00:07:07", "text": "sure you subscribe to the channel, give"}, {"start": "00:07:05", "end": "00:07:09", "text": "the video a thumbs up. Um and again,"}, {"start": "00:07:07", "end": "00:07:10", "text": "check out the sale on ITC Premium at"}, {"start": "00:07:09", "end": "00:07:12", "text": "intothecryptoverse.com."}, {"start": "00:07:10", "end": "00:07:13", "text": "Would love to see you guys at the first"}, {"start": "00:07:12", "end": "00:07:17", "text": "Investing Through the Cycles conference"}, {"start": "00:07:13", "end": "00:07:19", "text": "taking place in Miami, uh the week uh"}, {"start": "00:07:17", "end": "00:07:21", "text": "the weekend of November 21st. I will see"}, {"start": "00:07:19", "end": "00:07:23", "text": "you guys, hopefully, there."}, {"start": "00:07:21", "end": "00:07:23", "text": "Bye."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "When Robin Hood's tokenized version of"}, {"start": "00:00:01", "end": "00:00:06", "text": "AMC stock appeared on the chain, AMC CEO"}, {"start": "00:00:05", "end": "00:00:09", "text": "publicly went after Robin Hood, calling"}, {"start": "00:00:06", "end": "00:00:11", "text": "it contemptable, outrageous, and vile,"}, {"start": "00:00:09", "end": "00:00:13", "text": "and demanding it to stop. Robin Hood"}, {"start": "00:00:11", "end": "00:00:16", "text": "didn't back down. Almost immediately"}, {"start": "00:00:13", "end": "00:00:18", "text": "after that very public role, somebody"}, {"start": "00:00:16", "end": "00:00:19", "text": "deployed a memecoin on Robin Hood chain"}, {"start": "00:00:18", "end": "00:00:22", "text": "and paired it directly against the"}, {"start": "00:00:19", "end": "00:00:25", "text": "tokenized AMC stock. It reached a 9"}, {"start": "00:00:22", "end": "00:00:28", "text": "figure valuation within hours. A company"}, {"start": "00:00:25", "end": "00:00:30", "text": "CEO expressing serious outrage became in"}, {"start": "00:00:28", "end": "00:00:32", "text": "the most literal sense possible rocket"}, {"start": "00:00:30", "end": "00:00:35", "text": "fuel for a token. And the mechanics of"}, {"start": "00:00:32", "end": "00:00:37", "text": "those pools produce some very strange"}, {"start": "00:00:35", "end": "00:00:39", "text": "things. Every purchase of the memecoin"}, {"start": "00:00:37", "end": "00:00:42", "text": "forces the pool to absorb more of the"}, {"start": "00:00:39", "end": "00:00:44", "text": "tokenized stocks floating supply. So the"}, {"start": "00:00:42", "end": "00:00:46", "text": "onchain price of a real listed company's"}, {"start": "00:00:44", "end": "00:00:50", "text": "shares can drift widely away from where"}, {"start": "00:00:46", "end": "00:00:51", "text": "that company closed on a tradically"}, {"start": "00:00:50", "end": "00:00:53", "text": "over a weekend when the actual market is"}, {"start": "00:00:51", "end": "00:00:55", "text": "shut and there is nobody around to"}, {"start": "00:00:53", "end": "00:00:57", "text": "arbitrage it back. So you can end up"}, {"start": "00:00:55", "end": "00:01:00", "text": "with two very different prices for the"}, {"start": "00:00:57", "end": "00:01:02", "text": "same company and one of them set by a"}, {"start": "00:01:00", "end": "00:01:02", "text": "memecoin."}]

[{"start": "00:00:00", "end": "00:00:06", "text": "Three things happened this month that were each�\nsupposed to end the crypto rally. The Clarity Act,��"}, {"start": "00:00:06", "end": "00:00:12", "text": "the industry's one shot at federal rules, died�\non the Senate floor. The Federal Reserve hiked��"}, {"start": "00:00:12", "end": "00:00:18", "text": "interest rates into an already nervous market.�\nAnd the AI trade, the thing soaking up nearly��"}, {"start": "00:00:18", "end": "00:00:24", "text": "all the risk appetite in global markets, started�\nleaking badly. Each of those was considered the��"}, {"start": "00:00:24", "end": "00:00:31", "text": "catalyst that would finally break crypto. And�\nyet, Bitcoin decided to ignore all of that and��"}, {"start": "00:00:31", "end": "00:00:39", "text": "absolutely rip melting faces on its way to�\n$87,000, an 8month high. And over a billion��"}, {"start": "00:00:39", "end": "00:00:46", "text": "dollars of positions were wiped out in just 24�\nhours, getting it there. So, how does an asset��"}, {"start": "00:00:46", "end": "00:00:52", "text": "get handed every single thing it was told to�\nfear and go up anyway? Well, to answer that,��"}, {"start": "00:00:52", "end": "00:00:58", "text": "we'll break down what actually got liquidated�\novernight, why the worst regulatory news of the��"}, {"start": "00:00:58", "end": "00:01:04", "text": "year barely dented the thing it was aimed at,�\nand why this dynamic is a great deal older than��"}, {"start": "00:01:04", "end": "00:01:12", "text": "this bull cycle. My name is Guy and this is the�\nCoin Bureau. So, let's walk through the wall of��"}, {"start": "00:01:12", "end": "00:01:18", "text": "worry that Bitcoin just climbed because it's worth�\nremembering how bad things looked even just a week��"}, {"start": "00:01:18", "end": "00:01:26", "text": "ago. Because last week the Senate held its closure�\nvote on the Clarity Act and it failed 49 to 50,��"}, {"start": "00:01:26", "end": "00:01:33", "text": "10 votes short of the 60 it needed. That was 2�\nyears of lobbying with piles of money behind it.��"}, {"start": "00:01:33", "end": "00:01:40", "text": "A House bill that had already passed and Clarity�\ndidn't even get permission to open the debate.��"}, {"start": "00:01:40", "end": "00:01:45", "text": "Crypto was heading back to enforcement roulette�\nwith the regulatory agencies back in charge and��"}, {"start": "00:01:45", "end": "00:01:52", "text": "the legislative window was closing ahead of the�\nmidterms. Coinbase stock fell around 8% that day��"}, {"start": "00:01:52", "end": "00:01:59", "text": "and Circle fell about 10%. Then the very next�\nday, the Federal Reserve entered the chat with��"}, {"start": "00:01:59", "end": "00:02:07", "text": "a unanimous 25 basis point rate hike under new�\nchair Kevin Walsh, the first hike since 2023. The��"}, {"start": "00:02:07", "end": "00:02:14", "text": "10-year Treasury yield had already spiked above�\n5% and the Bank of Japan hiked up to a 31-year��"}, {"start": "00:02:14", "end": "00:02:22", "text": "high in the same window. This was the exact macro�\nsetup that every bare case had been built around.��"}, {"start": "00:02:22", "end": "00:02:28", "text": "And on top of all that, the AI trade was taking a�\nbeating, too. On the 12th of September, Anthropics��"}, {"start": "00:02:28", "end": "00:02:34", "text": "Dario Ammedday published an essay arguing the�\nindustry was moving faster than its own safety��"}, {"start": "00:02:34", "end": "00:02:42", "text": "work could handle. And within hours, Sam Alman and�\nElon Musk had both publicly agreed with him, with��"}, {"start": "00:02:42", "end": "00:02:48", "text": "Altman then confirming Open AI would not be going�\npublic this year. By Monday, the semiconductor��"}, {"start": "00:02:48", "end": "00:02:57", "text": "index had dropped over 5%, its worst session since�\nJuly. Nvidia and ASML were down hard, and SoftBank��"}, {"start": "00:02:57", "end": "00:03:04", "text": "fell almost 11%. So consider all of that mixed�\ntogether from crypto's perspective. clarity's��"}, {"start": "00:03:04", "end": "00:03:10", "text": "failure, liquidity tightening, and the risk�\ntrade that had been carrying the entire market��"}, {"start": "00:03:10", "end": "00:03:16", "text": "starting to look weak. If somebody had told you in�\nadvance that all three of those would land inside��"}, {"start": "00:03:16", "end": "00:03:23", "text": "one week, well, nobody's answer for where Bitcoin�\nwould be trading one week later would be $87,000.��"}, {"start": "00:03:23", "end": "00:03:30", "text": "The bears got absolutely everything they asked�\nfor, but apparently it wasn't enough. Which brings��"}, {"start": "00:03:30", "end": "00:03:36", "text": "us to this whopper of a liquidation cascade. As�\nI make this video, over the last 24 hours, the��"}, {"start": "00:03:36", "end": "00:03:46", "text": "crypto market has seen $1 billion in liquidations.�\nAnd 843 million of those came from shorts. That's��"}, {"start": "00:03:46", "end": "00:03:53", "text": "84% of the entire wipeout being driven by�\npeople who were betting that prices would fall.��"}, {"start": "00:03:53", "end": "00:04:02", "text": "Somewhere between 126,000 and 135,000 individual�\naccounts were closed out during the sharpest��"}, {"start": "00:04:02", "end": "00:04:09", "text": "hour of the breakout. Singlehour liquidations�\ncrossed $300 million and 97% of that hour was��"}, {"start": "00:04:09", "end": "00:04:16", "text": "short positions. So this is really a story about�\ntwo groups of people. One group read all of those��"}, {"start": "00:04:16", "end": "00:04:21", "text": "scary headlines I just mentioned and they did�\nthe obvious thing, positioned for the collapse.��"}, {"start": "00:04:21", "end": "00:04:29", "text": "the other group just held. And the billion dollars�\nin liquidations belongs almost entirely to that��"}, {"start": "00:04:29", "end": "00:04:35", "text": "first group because remember the mechanics behind�\nthese moves. A short position is a bet that the��"}, {"start": "00:04:35", "end": "00:04:41", "text": "price falls. And because traders use leverage and�\nonly post a fraction of the position's value as��"}, {"start": "00:04:41", "end": "00:04:49", "text": "collateral, there is very little room for error. A�\nmove of just a few% against you is enough to close��"}, {"start": "00:04:49", "end": "00:04:57", "text": "a trade. And when the exchange force closes that�\nposition, it does so by buying. That buying lifts��"}, {"start": "00:04:57", "end": "00:05:02", "text": "the price slightly, which trips the liquidation�\nlevel of the next layer of shorts sitting just��"}, {"start": "00:05:02", "end": "00:05:09", "text": "above, which forces more buying. Forced buying�\nbegets more forced buying, which means the rally��"}, {"start": "00:05:09", "end": "00:05:17", "text": "that broke those traders was quite literally paid�\nfor by those traders. Onchain trackers spotted a��"}, {"start": "00:05:17", "end": "00:05:26", "text": "single wallet that got liquidated four separate�\ntimes inside 14 hours, losing 375 BTC, around��"}, {"start": "00:05:26", "end": "00:05:35", "text": "$32.5 million, doubling down on short after short�\nas the thing just kept on climbing. What if you��"}, {"start": "00:05:35", "end": "00:05:42", "text": "could trade real US stocks like Apple, Nvidia, or�\nTesla without leaving your crypto account? Well,��"}, {"start": "00:05:42", "end": "00:05:49", "text": "that's the idea behind our tokens from BitGet.�\nThese are tokenized stocks backed onetoone by��"}, {"start": "00:05:49", "end": "00:05:56", "text": "real shares, but the key difference is they are�\nactually usable. You can trade them, use them as��"}, {"start": "00:05:56", "end": "00:06:02", "text": "margin, and even earn dividends instead of just�\nletting them sit in your wallet. So, if you want��"}, {"start": "00:06:02", "end": "00:06:07", "text": "to check them out for yourself, sign up for BitGet�\nusing the link in the description or by scanning��"}, {"start": "00:06:07", "end": "00:06:16", "text": "this QR code. Now, one important question here is�\nwhy none of that bad news actually stuck. Well,��"}, {"start": "00:06:16", "end": "00:06:21", "text": "to answer that, we can first look closer at�\nthe Clarity Act. Because a bill failing in the��"}, {"start": "00:06:21", "end": "00:06:28", "text": "Senate changes only one thing, what politicians in�\nWashington have agreed to write down. It doesn't��"}, {"start": "00:06:28", "end": "00:06:34", "text": "change whether the network produces blocks or�\nwhether trading continues on exchanges. It also��"}, {"start": "00:06:34", "end": "00:06:40", "text": "doesn't change whether custody works or whether�\ncrypto users can continue sending peer-to-peer��"}, {"start": "00:06:40", "end": "00:06:46", "text": "transactions. Crypto has grown into a trillion�\ndollar asset class without regulatory clarity��"}, {"start": "00:06:46", "end": "00:06:54", "text": "in the US. Adoption since crypto's inception�\nhappened within that status quo. And maybe the��"}, {"start": "00:06:54", "end": "00:07:00", "text": "funniest part is that the institutions didn't seem�\nto get the memo either. Between the 14th and the��"}, {"start": "00:07:00", "end": "00:07:06", "text": "20th of September, right through the worst of the�\nheadline damage, Strategy disclosed buying another��"}, {"start": "00:07:06", "end": "00:07:16", "text": "950 BTC for $75 million. US spot Bitcoin ETFs bled�\nabout $450 million on the day of the vote, the��"}, {"start": "00:07:16", "end": "00:07:23", "text": "heaviest single day of redemption since June, and�\nthen bled a little again the day after. But just��"}, {"start": "00:07:23", "end": "00:07:32", "text": "three sessions later, they took in $433 million.�\nand Morgan Stanley's Bitcoin ETF has now logged 20��"}, {"start": "00:07:32", "end": "00:07:39", "text": "consecutive trading days of net inflows without�\na single down day. Now, none of those desks��"}, {"start": "00:07:39", "end": "00:07:45", "text": "care too much about a regulatory bill. They were�\nbuilt because the demand was already there. So,��"}, {"start": "00:07:45", "end": "00:07:51", "text": "the death of Clarity is really just a story about�\nWashington's dysfunction and has little to do with��"}, {"start": "00:07:51", "end": "00:07:57", "text": "crypto's actual position in the market. The market�\nsaw the bill as a nice to have, but when it didn't��"}, {"start": "00:07:57", "end": "00:08:04", "text": "get it, it wasn't really all that fussed. Next�\nthough, we have the macro wall of worry, and this��"}, {"start": "00:08:04", "end": "00:08:10", "text": "one is arguably more interesting. The rate hike�\nwas supposed to be the killer for both traditional��"}, {"start": "00:08:10", "end": "00:08:17", "text": "markets and crypto. Bitcoin is a liquidity asset.�\nTighter money means risk assets fall, and crypto��"}, {"start": "00:08:17", "end": "00:08:22", "text": "falls hardest of all. That's the thesis. And�\nto be fair, there's some solid logic there.��"}, {"start": "00:08:22", "end": "00:08:29", "text": "But the market just did something this model says�\nshouldn't be possible. Rates went up, yields hit��"}, {"start": "00:08:29", "end": "00:08:38", "text": "multi-year highs, the AI complex weakened, and yet�\nBitcoin rallied 13% in 4 days from below 75K. It��"}, {"start": "00:08:38", "end": "00:08:47", "text": "also closed its first weekly candle above the 50we�\nmoving average in 45 weeks. And what's more, total��"}, {"start": "00:08:47", "end": "00:08:57", "text": "futures open interest didn't collapse afterwards.�\nit actually rose 7.5% to about $156 billion. So,��"}, {"start": "00:08:57", "end": "00:09:02", "text": "this clearly isn't just a case of liquidity�\nflooding back into the market and dragging Bitcoin��"}, {"start": "00:09:02", "end": "00:09:09", "text": "higher with it. There is real demand here. Even�\nwhile some of the usual conditions for a Bitcoin��"}, {"start": "00:09:09", "end": "00:09:16", "text": "rally still look pretty ugly, but then again,�\nthat's not exactly new. Bitcoin has historically��"}, {"start": "00:09:16", "end": "00:09:22", "text": "climbed while investors had very good reasons to�\nthink the whole thing was about to fall apart.��"}, {"start": "00:09:22", "end": "00:09:29", "text": "China banned mining back in 2021 and knocked�\nmore than half the global hash rate offline��"}, {"start": "00:09:29", "end": "00:09:37", "text": "as a result. And yet, Bitcoin went from $29,000�\nto a new all-time high within just 4 months. FTX��"}, {"start": "00:09:37", "end": "00:09:45", "text": "collapsed in November 2022 and took the cycle low�\nto $15,400, which turned out to be the absolute��"}, {"start": "00:09:45", "end": "00:09:52", "text": "bottom. Three American banks failed in the space�\nof a week. In March 2023, USDC briefly lost its��"}, {"start": "00:09:52", "end": "00:10:00", "text": "peg and Bitcoin rallied about 40% not long after.�\nNow, just for fun, let's look at the mirror image��"}, {"start": "00:10:00", "end": "00:10:07", "text": "of that dynamic. Coinbase listed on the NASDAQ�\nin April 2021, the most triumphant headline the��"}, {"start": "00:10:07", "end": "00:10:14", "text": "industry had arguably ever produced, and it marked�\nalmost the exact high of that leg. The spot ETFs��"}, {"start": "00:10:14", "end": "00:10:22", "text": "were approved in January 2024 after years and�\nyears of trying, and Bitcoin's price fell from 49K��"}, {"start": "00:10:22", "end": "00:10:29", "text": "towards 38K. The moments when everything looked�\ngood were the tops and the moments when everything��"}, {"start": "00:10:29", "end": "00:10:35", "text": "looked terrible were when the gains were truly�\nmade. So a market that only goes up when the��"}, {"start": "00:10:35", "end": "00:10:44", "text": "news is good isn't strong. But a market that goes�\nup when the news is uniformly relentlessly bad is��"}, {"start": "00:10:44", "end": "00:10:49", "text": "suggesting that there is a pretty strong holder�\nbase out there. Clarity will likely come back��"}, {"start": "00:10:49", "end": "00:10:54", "text": "in some form. The Fed will do whatever the Fed�\ndoes next, and the next round of headlines will��"}, {"start": "00:10:54", "end": "00:11:01", "text": "probably be just as convincing as this one was.�\nBut crypto has already grown to this size through��"}, {"start": "00:11:01", "end": "00:11:08", "text": "years of uncertainty and hostility, even some�\nmoments of outright crisis. Whatever comes next,��"}, {"start": "00:11:08", "end": "00:11:15", "text": "though, crypto clearly has a life of its own. But�\nwhat do you think? Are we going higher from here,��"}, {"start": "00:11:15", "end": "00:11:20", "text": "or is this one big bull trap waiting to wipe us�\nout? Let us know your thoughts in the comments��"}, {"start": "00:11:20", "end": "00:11:24", "text": "down below. And if you want to know how to take�\nfull advantage of this crypto price action,��"}, {"start": "00:11:24", "end": "00:11:29", "text": "then you can check out our video on that right�\nover here. And by the way, if you're looking for��"}, {"start": "00:11:29", "end": "00:11:35", "text": "the best deals in crypto as the market heats up,�\nthen be sure to check out our deals page. You'll��"}, {"start": "00:11:35", "end": "00:11:42", "text": "find the link down in the description or you�\ncan scan the QR code on screen. Now, as always,��"}, {"start": "00:11:42", "end": "00:11:47", "text": "thank you so much for watching and I'll see�\nyou in the next one. This is Guy signing off."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "Everyone's buying Bitcoin right now and"}, {"start": "00:00:01", "end": "00:00:05", "text": "it's an exciting time for crypto. But"}, {"start": "00:00:03", "end": "00:00:07", "text": "what price levels should you be watching"}, {"start": "00:00:05", "end": "00:00:09", "text": "as Bitcoin continues to push higher and"}, {"start": "00:00:07", "end": "00:00:10", "text": "higher? Right now, Bitcoin is sitting at"}, {"start": "00:00:09", "end": "00:00:12", "text": "$86,200."}, {"start": "00:00:10", "end": "00:00:14", "text": "Let me show you the price points that"}, {"start": "00:00:12", "end": "00:00:15", "text": "I'm watching on the chart to see how far"}, {"start": "00:00:14", "end": "00:00:17", "text": "Bitcoin can actually run. So, here are"}, {"start": "00:00:15", "end": "00:00:19", "text": "the key price points that I'm watching"}, {"start": "00:00:17", "end": "00:00:22", "text": "on Bitcoin right now. $86,200ish"}, {"start": "00:00:19", "end": "00:00:23", "text": "is the 113 Fibonacci level, which comes"}, {"start": "00:00:22", "end": "00:00:25", "text": "back from the previous high where we ran"}, {"start": "00:00:23", "end": "00:00:28", "text": "towards the $80,000 mark and where we"}, {"start": "00:00:25", "end": "00:00:30", "text": "came down towards that $58,000. Now,"}, {"start": "00:00:28", "end": "00:00:32", "text": "this 113 Fibonacci level is a key level"}, {"start": "00:00:30", "end": "00:00:34", "text": "where market makers like to push price"}, {"start": "00:00:32", "end": "00:00:35", "text": "so people start to get the opium in. I"}, {"start": "00:00:34", "end": "00:00:37", "text": "think Bitcoin is going to start"}, {"start": "00:00:35", "end": "00:00:38", "text": "skyrocketing. So, it's a good level to"}, {"start": "00:00:37", "end": "00:00:40", "text": "watch for a potential rejection. But if"}, {"start": "00:00:38", "end": "00:00:42", "text": "price can hold above the 113, which is"}, {"start": "00:00:40", "end": "00:00:45", "text": "around the $86,200,"}, {"start": "00:00:42", "end": "00:00:47", "text": "the next big price point is $89,800ish."}, {"start": "00:00:45", "end": "00:00:49", "text": "The reason being it's the 127 fib level,"}, {"start": "00:00:47", "end": "00:00:52", "text": "but it also lines up with the previous"}, {"start": "00:00:49", "end": "00:00:55", "text": "January drop where we saw Bitcoin drop"}, {"start": "00:00:52", "end": "00:00:57", "text": "33% all the way towards this $59,000"}, {"start": "00:00:55", "end": "00:01:01", "text": "mark. So that is the next target. After"}, {"start": "00:00:57", "end": "00:01:03", "text": "89,000, we can go up towards 98,000."}, {"start": "00:01:01", "end": "00:01:04", "text": "That also lines up with the 1618, a"}, {"start": "00:01:03", "end": "00:01:06", "text": "massive Fibonacci level to keep your"}, {"start": "00:01:04", "end": "00:01:09", "text": "eyes on. And if we can break above that,"}, {"start": "00:01:06", "end": "00:01:10", "text": "then 105K is on the cards. So there you"}, {"start": "00:01:09", "end": "00:01:12", "text": "have it. Those are the price levels that"}, {"start": "00:01:10", "end": "00:01:14", "text": "I'm watching on Bitcoin right now. And I"}, {"start": "00:01:12", "end": "00:01:16", "text": "covered these yesterday on Trading"}, {"start": "00:01:14", "end": "00:01:18", "text": "Bureau Live, as well as a few old coins"}, {"start": "00:01:16", "end": "00:01:19", "text": "that absolutely skyrocketed last week"}, {"start": "00:01:18", "end": "00:01:22", "text": "that we went through. There was Neil on"}, {"start": "00:01:19", "end": "00:01:25", "text": "that pumped 88%. We had VV token pump"}, {"start": "00:01:22", "end": "00:01:26", "text": "60%. There's heaps of opportunities out"}, {"start": "00:01:25", "end": "00:01:28", "text": "there in the market right now. So, don't"}, {"start": "00:01:26", "end": "00:01:30", "text": "feel like you need a FOMO. Manage your"}, {"start": "00:01:28", "end": "00:01:31", "text": "risk accordingly and stay safe. And I'll"}, {"start": "00:01:30", "end": "00:01:34", "text": "see you Wednesday on Trading Bureau"}, {"start": "00:01:31", "end": "00:01:34", "text": "Live."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Is there still hope for the Clarity Act?"}, {"start": "00:00:02", "end": "00:00:07", "text": "The Senate just voted down crypto's"}, {"start": "00:00:04", "end": "00:00:09", "text": "biggest market bill, 49 to 50. [music]"}, {"start": "00:00:07", "end": "00:00:11", "text": "But it's actually not dead yet. Right"}, {"start": "00:00:09", "end": "00:00:13", "text": "before the vote closed, Senator Thom"}, {"start": "00:00:11", "end": "00:00:16", "text": "Tillis [music] changed his vote to a no."}, {"start": "00:00:13", "end": "00:00:18", "text": "That sounds like a loss, but he actually"}, {"start": "00:00:16", "end": "00:00:20", "text": "added a motion so that the bill can be"}, {"start": "00:00:18", "end": "00:00:22", "text": "reconsidered and brought up again for a"}, {"start": "00:00:20", "end": "00:00:23", "text": "vote. So, what's actually stopping it?"}, {"start": "00:00:22", "end": "00:00:26", "text": "[music]"}, {"start": "00:00:23", "end": "00:00:28", "text": "Well, Democrats refuse to vote yes"}, {"start": "00:00:26", "end": "00:00:30", "text": "because they want strict ethics rules"}, {"start": "00:00:28", "end": "00:00:33", "text": "built in. On top of that, Congress is"}, {"start": "00:00:30", "end": "00:00:35", "text": "packing up for recess, leaving almost"}, {"start": "00:00:33", "end": "00:00:37", "text": "zero work days left on the calendar. If"}, {"start": "00:00:35", "end": "00:00:39", "text": "both sides can't work out a deal right"}, {"start": "00:00:37", "end": "00:00:42", "text": "after the elections, the bill officially"}, {"start": "00:00:39", "end": "00:00:45", "text": "dies on January 3rd, and everyone starts"}, {"start": "00:00:42", "end": "00:00:46", "text": "over from scratch next year. So, do you"}, {"start": "00:00:45", "end": "00:00:48", "text": "think that they could save [music] it"}, {"start": "00:00:46", "end": "00:00:50", "text": "this time, or do you think that it's"}, {"start": "00:00:48", "end": "00:00:52", "text": "over? Drop your thoughts in the comments"}, {"start": "00:00:50", "end": "00:00:52", "text": "down below."}]

[{"start": "00:00:00", "end": "00:00:06", "text": "Would you trade $250 million in real"}, {"start": "00:00:03", "end": "00:00:08", "text": "cash for Bitcoin? In 2020, central banks"}, {"start": "00:00:06", "end": "00:00:11", "text": "printed trillions of dollars, causing"}, {"start": "00:00:08", "end": "00:00:13", "text": "cash to lose its value fast. Michael"}, {"start": "00:00:11", "end": "00:00:15", "text": "Saylor, the CEO of MicroStrategy,"}, {"start": "00:00:13", "end": "00:00:17", "text": "checked his company's bank accounts at"}, {"start": "00:00:15", "end": "00:00:19", "text": "that time and panicked. He said that"}, {"start": "00:00:17", "end": "00:00:21", "text": "holding that much cash felt like"}, {"start": "00:00:19", "end": "00:00:23", "text": "standing on a melting ice cube. He then"}, {"start": "00:00:21", "end": "00:00:26", "text": "did something that no corporate"}, {"start": "00:00:23", "end": "00:00:28", "text": "executive had ever done. He traded a"}, {"start": "00:00:26", "end": "00:00:31", "text": "quarter of a billion dollars of company"}, {"start": "00:00:28", "end": "00:00:33", "text": "cash straight to Bitcoin."}, {"start": "00:00:31", "end": "00:00:34", "text": "Wall Street called him completely"}, {"start": "00:00:33", "end": "00:00:36", "text": "insane."}, {"start": "00:00:34", "end": "00:00:38", "text": "Fast forward to today, and those same"}, {"start": "00:00:36", "end": "00:00:40", "text": "Wall Street banks, pension funds, and"}, {"start": "00:00:38", "end": "00:00:43", "text": "billionaire investors are buying up"}, {"start": "00:00:40", "end": "00:00:45", "text": "Bitcoin as fast as they can."}, {"start": "00:00:43", "end": "00:00:47", "text": "For more content like this, subscribe to"}, {"start": "00:00:45", "end": "00:00:47", "text": "The Coin Bureau. [music]"}]

[{"start": "00:00:00", "end": "00:00:06", "text": "Crypto is arguably the greatest wealth generation�\nopportunity that most ordinary people like us��"}, {"start": "00:00:06", "end": "00:00:12", "text": "will [music] ever get access to. In the space of�\na single cycle, relatively small sums [music] can��"}, {"start": "00:00:12", "end": "00:00:19", "text": "become life-changing amounts of money. And if�\nyou get the big decisions right, life-changing��"}, {"start": "00:00:19", "end": "00:00:25", "text": "money [music] can become enough to permanently�\nalter your family's financial future. The problem,��"}, {"start": "00:00:25", "end": "00:00:31", "text": "though, is that crypto makes it just as easy to�\ngive that money back. The same risk-taking and��"}, {"start": "00:00:31", "end": "00:00:36", "text": "aggression that can build a [music] fortune can�\neasily end up destroying it once the numbers get��"}, {"start": "00:00:36", "end": "00:00:43", "text": "big enough and ego takes over. So then how exactly�\ndo you find a [music] balance and how can you make��"}, {"start": "00:00:43", "end": "00:00:48", "text": "sure you actually build generational wealth?�\nWell, that's what we'll look [music] at today.��"}, {"start": "00:00:48", "end": "00:00:54", "text": "We'll break down what separates the people who�\nbuild fortunes from those that fumble generational��"}, {"start": "00:00:54", "end": "00:01:00", "text": "wealth. Why the skills that make the money are�\noften the opposite of the skills that keep it��"}, {"start": "00:01:00", "end": "00:01:06", "text": "and what you'd have to build for any [music] of�\nit to truly last. My name is Guy and this is the��"}, {"start": "00:01:06", "end": "00:01:13", "text": "Coin Bureau. Now, to make crazy gains in crypto,�\nmany people assume you just have to go out there��"}, {"start": "00:01:13", "end": "00:01:20", "text": "and bet on a good token. But there's more to it�\nthan that because almost everyone gets a few calls��"}, {"start": "00:01:20", "end": "00:01:26", "text": "right eventually. Spend enough time in crypto and�\nyou'll have countless stories about spotting token��"}, {"start": "00:01:26", "end": "00:01:34", "text": "X at a $5 million market cap before it ran to�\n500 million. What you really need though is a��"}, {"start": "00:01:34", "end": "00:01:40", "text": "repeatable approach for finding the projects that�\nare most likely to run hard. And in the crypto��"}, {"start": "00:01:40", "end": "00:01:47", "text": "landscape of 2026, you can actually boil down�\nthat approach into four basic questions. Does��"}, {"start": "00:01:47", "end": "00:01:54", "text": "the project have real users? Would anyone miss�\nit if it disappeared tomorrow? Does the demand��"}, {"start": "00:01:54", "end": "00:02:02", "text": "survive the token not going up? And is there some�\nmechanical reason value flows back to the token?��"}, {"start": "00:02:02", "end": "00:02:08", "text": "Those are the four core questions you should�\nhave in mind. But each of these questions gets��"}, {"start": "00:02:08", "end": "00:02:15", "text": "answered in different ways depending on what kind�\nof asset you're looking at. Take Hyperlquid, which��"}, {"start": "00:02:15", "end": "00:02:21", "text": "is pretty much the best example of a dominant�\nbusiness crypto has ever produced. In the first��"}, {"start": "00:02:21", "end": "00:02:31", "text": "half of 2026, the protocol generated $419 million�\nin gross fees, up 31% from 320 million in the same��"}, {"start": "00:02:31", "end": "00:02:39", "text": "stretch of 2025. And among perex venues, it's�\nbeen running somewhere north of 55% of onchain��"}, {"start": "00:02:39", "end": "00:02:47", "text": "derivatives open interest. And those fees aren't�\njust decorative. 99% of eligible trading fees flow��"}, {"start": "00:02:47", "end": "00:02:53", "text": "automatically into an onchain assistance fund that�\nbuys hype on the open market without a governance��"}, {"start": "00:02:53", "end": "00:03:02", "text": "vote and without a human deciding. And in August�\n2026, they activated an upgrade that roots 90% of��"}, {"start": "00:03:02", "end": "00:03:09", "text": "the yield on the platform's multi-billion dollar�\nUSDC reserve pool into that same fund, which means��"}, {"start": "00:03:09", "end": "00:03:16", "text": "a chunk of the buyback no longer depends on�\nanybody trading at all. That is one hell of��"}, {"start": "00:03:16", "end": "00:03:22", "text": "a business. But then we have other great projects�\nlike Zcash, which has essentially no revenue and��"}, {"start": "00:03:22", "end": "00:03:30", "text": "isn't trying to have any. DeFi activity on Zcash�\nsits at around $2.3 million in total value locked,��"}, {"start": "00:03:30", "end": "00:03:36", "text": "which in this industry is pretty much zero. And�\nthat's kind of the idea. Zcash's use case is all��"}, {"start": "00:03:36", "end": "00:03:43", "text": "about private money with a fixed supply. Shielded�\nsupply, meaning coins actually sitting inside the��"}, {"start": "00:03:43", "end": "00:03:50", "text": "private pools, has climbed from around 8% of�\ncirculating deck to about 30% over the last 2��"}, {"start": "00:03:50", "end": "00:03:57", "text": "years. There's also an institutional bid for the�\nasset that you might not expect. In August 2026,��"}, {"start": "00:03:57", "end": "00:04:04", "text": "Gayscale listed the first US spot ETF tracking�\na privacy coin on the New York Stock Exchange��"}, {"start": "00:04:04", "end": "00:04:10", "text": "with a few hundred million in initial assets.�\nAnd earlier in the year, the SEC closed its��"}, {"start": "00:04:10", "end": "00:04:18", "text": "investigation without recommending any enforcement�\naction at all. Naval Ravikant said quote Bitcoin��"}, {"start": "00:04:18", "end": "00:04:26", "text": "is insurance against fiat while Zcash is insurance�\nagainst Bitcoin. So Hyperlquid and Zcash represent��"}, {"start": "00:04:26", "end": "00:04:33", "text": "two very different investments within crypto. One�\nis cash flow, one is cryptographic scarcity in a��"}, {"start": "00:04:33", "end": "00:04:39", "text": "world building surveillance faster than it seems�\nto be building anything else. But they pass the��"}, {"start": "00:04:39", "end": "00:04:44", "text": "same test, which is that both of them would still�\nhave a reason to exist if the price went sideways��"}, {"start": "00:04:44", "end": "00:04:50", "text": "for weeks or even months. But there's another�\nimportant point I should add here. Finding solid��"}, {"start": "00:04:50", "end": "00:04:56", "text": "projects is the name of the game. But holding 30�\nof these things turns your portfolio into little��"}, {"start": "00:04:56", "end": "00:05:01", "text": "more than a pile of lottery tickets. Which�\nbrings me to the next rule in today's video,��"}, {"start": "00:05:01", "end": "00:05:06", "text": "which happens to be the shortest one because�\nit's really just an observation about human��"}, {"start": "00:05:06", "end": "00:05:13", "text": "beings. Every asset that has ever made anybody�\ngenerationally wealthy went through a draw down��"}, {"start": "00:05:13", "end": "00:05:21", "text": "that looked terminal while it was happening.�\nBitcoin fell about 93% in 2011, then 85% into��"}, {"start": "00:05:21", "end": "00:05:33", "text": "2015, then 84% into the end of 2018, then 77% into�\nlate 2022. Ethereum has done 94 and 82% in its two��"}, {"start": "00:05:33", "end": "00:05:38", "text": "worst cycles. And this current cycle has been no�\npicnic either, with Bitcoin coming off an all-time��"}, {"start": "00:05:38", "end": "00:05:47", "text": "high of 126K and grinding down into the high50s�\nbefore its recent recovery. That was over a 50%��"}, {"start": "00:05:47", "end": "00:05:55", "text": "haircut. And it happened while spot Bitcoin ETFs�\nbled around $2.8 billion of net outflows across��"}, {"start": "00:05:55", "end": "00:06:03", "text": "the first 8 months of 2026. Not much fun. Now�\nconsider what those numbers can do to a person.��"}, {"start": "00:06:03", "end": "00:06:08", "text": "If you bought something because someone you follow�\nwas confident about it, you're holding borrowed��"}, {"start": "00:06:08", "end": "00:06:14", "text": "conviction. And borrowed conviction tends to�\nbreak. and the crypto Twitter handle you borrowed��"}, {"start": "00:06:14", "end": "00:06:21", "text": "it from doesn't ring you up when they change their�\nmind. So, if you can't explain it in two sentences��"}, {"start": "00:06:21", "end": "00:06:26", "text": "why the thing you're holding exists and why�\nthere's robust demand for it, you'll probably end��"}, {"start": "00:06:26", "end": "00:06:32", "text": "up selling it at the bottom. Right? So, at this�\nstage, we know to own a relatively small number��"}, {"start": "00:06:32", "end": "00:06:38", "text": "of cryptos that have real demand. But the next�\nway people lose the plot is by falling in love��"}, {"start": "00:06:38", "end": "00:06:46", "text": "with whatever made them money in the past. Because�\ncrypto rewards what's new disproportionately and��"}, {"start": "00:06:46", "end": "00:06:51", "text": "relentlessly. Look at what's happened over the�\nlast couple of months with Robin Hood chain,��"}, {"start": "00:06:51", "end": "00:06:57", "text": "for example. It went live at the beginning of July�\nand it went from about $4 million of total value��"}, {"start": "00:06:57", "end": "00:07:04", "text": "locked to crossing 100 million inside its first�\nweek. It's currently nearing the 900 million mark��"}, {"start": "00:07:04", "end": "00:07:10", "text": "as I make this video, just a little over 2 months�\nsince the chain launched. By early September,��"}, {"start": "00:07:10", "end": "00:07:18", "text": "cumulative DEX volume was above $34 billion. And�\non the 1st of September, network fees hit a single��"}, {"start": "00:07:18", "end": "00:07:25", "text": "day record of $3.8 million, making it the top fee�\ngenerating chain in crypto that day behind only��"}, {"start": "00:07:25", "end": "00:07:33", "text": "Salana. And all of that at just 2 months old.�\nAnd if you've been logging onto crypto Twitter��"}, {"start": "00:07:33", "end": "00:07:40", "text": "recently, all you've likely seen is a non-stop�\nflood of Robin Hood chain related posts. Now,��"}, {"start": "00:07:40", "end": "00:07:47", "text": "every cycle creates a handful of huge winners. But�\nwhen the next cycle comes around, the money rarely��"}, {"start": "00:07:47", "end": "00:07:55", "text": "flows back into the same places. It tends to chase�\nthe shiny new thing. Look at Cardano for example.��"}, {"start": "00:07:55", "end": "00:08:02", "text": "ADA was one of the standout performers of the 2021�\nbull market, reaching more than $3 and becoming��"}, {"start": "00:08:02", "end": "00:08:09", "text": "one of the biggest cryptos in the world. And of�\ncourse, Cardano didn't disappear after that. The��"}, {"start": "00:08:09", "end": "00:08:15", "text": "network kept running and the community certainly�\nstuck around to bullpost day after day. But��"}, {"start": "00:08:15", "end": "00:08:23", "text": "the market moved on. This cycle, newer projects�\nwith, you know, actual users and newer narratives��"}, {"start": "00:08:23", "end": "00:08:29", "text": "captured far more of the attention, while ADA�\nnever came remotely close to its previous high.��"}, {"start": "00:08:29", "end": "00:08:36", "text": "That's the mistake many in crypto make. Blind�\nloyalty. People fall in love with the ecosystem��"}, {"start": "00:08:36", "end": "00:08:42", "text": "that made them money once upon a time and then�\ndefend it with swiveleyed intensity for years,��"}, {"start": "00:08:42", "end": "00:08:49", "text": "all while the liquidity and the attention relocate�\nsomewhere else entirely. But staying ahead of that��"}, {"start": "00:08:49", "end": "00:08:56", "text": "migration is very hard work because the market�\nis always always shifting, which is why we built��"}, {"start": "00:08:56", "end": "00:09:01", "text": "the Coin Bureau Club light plan right here on�\nYouTube. You get daily coverage across both crypto��"}, {"start": "00:09:01", "end": "00:09:07", "text": "and traditional markets and our dedicated teams�\nread on where the capital is rotating. And if you��"}, {"start": "00:09:07", "end": "00:09:13", "text": "join today, your first month is absolutely free.�\nSo just tap the join button below this video to��"}, {"start": "00:09:13", "end": "00:09:19", "text": "get started. Okay. Now, everything so far has been�\nabout going on the offensive, hunting those gains,��"}, {"start": "00:09:19", "end": "00:09:26", "text": "and chasing the hot money. After all, the higher�\nrisk positions are where the outsized gains come��"}, {"start": "00:09:26", "end": "00:09:32", "text": "from. But the base of a portfolio you intend to�\nhold for generational wealth has to be the one��"}, {"start": "00:09:32", "end": "00:09:39", "text": "asset with the strongest case for still being�\nhere in 30 years. Bitcoin has no team that can��"}, {"start": "00:09:39", "end": "00:09:45", "text": "rug and no funding round it needs to close. And�\nthere's one data point in its favor that's worth��"}, {"start": "00:09:45", "end": "00:09:51", "text": "mentioning here, which is that its draw downs�\nhave been noticeably compressing across cycles.��"}, {"start": "00:09:51", "end": "00:10:01", "text": "93% then 85 then 84 then 77 and about 53% this�\ntime around. Now of course none of us have a��"}, {"start": "00:10:01", "end": "00:10:07", "text": "crystal ball but that's quite literally what a�\nmaturing asset looks like. So here's the main��"}, {"start": "00:10:07", "end": "00:10:13", "text": "point I'm making here. The percentage of your�\nportfolio allocated to Bitcoin should rise as��"}, {"start": "00:10:13", "end": "00:10:19", "text": "the overall size of your portfolio gets bigger.�\nEarly on, you're building and concentration in��"}, {"start": "00:10:19", "end": "00:10:25", "text": "the riskier stuff is how you get anywhere at all.�\nLater on though, you should be more defensive and��"}, {"start": "00:10:25", "end": "00:10:31", "text": "the strategy of defense is different from the�\nstrategy of attack. Which leads me to my next��"}, {"start": "00:10:31", "end": "00:10:36", "text": "point. Because making money and keeping money�\nare not the same game. They're not even the same��"}, {"start": "00:10:36", "end": "00:10:43", "text": "sport, really. What makes the money is aggression�\nand conviction along with a willingness to look��"}, {"start": "00:10:43", "end": "00:10:48", "text": "stupid for months on end while your friends and�\nfamily think you're a little bit crazy. But then��"}, {"start": "00:10:48", "end": "00:10:54", "text": "what actually keeps the gains is much less�\nexciting. Taking profit on the way up rather��"}, {"start": "00:10:54", "end": "00:11:00", "text": "than at the top because nobody knows with any�\ncertainty when we're at the top. Also, position��"}, {"start": "00:11:00", "end": "00:11:05", "text": "sizing is another core element that underwrites�\nall of this because the only unforgivable outcome��"}, {"start": "00:11:05", "end": "00:11:12", "text": "in this market is being wiped out. You can't build�\nmuch or compound if you're literally starting from��"}, {"start": "00:11:12", "end": "00:11:18", "text": "zero. More importantly, you can't be around for�\nthe next time the market is in true easy mode,��"}, {"start": "00:11:18", "end": "00:11:22", "text": "which is where the majority of your gains�\nwill come from. Now, with all of that said,��"}, {"start": "00:11:22", "end": "00:11:28", "text": "there is a moment in your compounding journey that�\nchanges things permanently, and you'll probably��"}, {"start": "00:11:28", "end": "00:11:34", "text": "know when it arrives. It's when the number becomes�\nlife-changing. Because if you've made enough money��"}, {"start": "00:11:34", "end": "00:11:40", "text": "to materially change your life, then at some�\npoint, you actually have to let it and actually��"}, {"start": "00:11:40", "end": "00:11:46", "text": "change your life. That means protecting what�\nyou've built, taking a sizable chunk of risk��"}, {"start": "00:11:46", "end": "00:11:52", "text": "off the table for good, and turning that number�\non your screen into something tangible. Which��"}, {"start": "00:11:52", "end": "00:11:57", "text": "brings us to perhaps the most important part that�\ndetermines whether any of this wealth actually��"}, {"start": "00:11:57", "end": "00:12:03", "text": "survives. For starters, if only one person has�\nthe keys, your wealth is just a single point of��"}, {"start": "00:12:03", "end": "00:12:08", "text": "failure. And crypto fails differently to�\neverything else here because a forgotten��"}, {"start": "00:12:08", "end": "00:12:13", "text": "bank account can eventually be unlocked with a�\ncourt order or a death certificate. Meanwhile,��"}, {"start": "00:12:13", "end": "00:12:21", "text": "over in crypto, some estimates say that up to�\n3.8 million Bitcoin, or 18% of all that will ever��"}, {"start": "00:12:21", "end": "00:12:28", "text": "exist, is already permanently unreachable,�\nunreoverable, and never to be replaced.��"}, {"start": "00:12:28", "end": "00:12:35", "text": "So the unglamorous stuff is really important here,�\nmuch more so than anywhere in traditional finance.��"}, {"start": "00:12:35", "end": "00:12:39", "text": "Inheritance planning, the legal structure,�\nand [clears throat] the tax implications,��"}, {"start": "00:12:39", "end": "00:12:45", "text": "which can vary significantly depending on where�\nyou live and leave heirs dealing with an asset��"}, {"start": "00:12:45", "end": "00:12:52", "text": "they may have no idea how to access or manage.�\nThen there's the other half of this, and although��"}, {"start": "00:12:52", "end": "00:12:58", "text": "we're not strictly talking crypto here, it is�\nabsolutely worth covering. The Williams Group��"}, {"start": "00:12:58", "end": "00:13:06", "text": "tracked over 3,200 wealthy families across two�\ndecades and found that 70% lose the wealth by the��"}, {"start": "00:13:06", "end": "00:13:13", "text": "second generation and 90% by the third. And the�\nbreakdown of why gives us some valuable insight.��"}, {"start": "00:13:13", "end": "00:13:21", "text": "Bad investments, poor tax planning, and market�\ncrashes account for around 15% of those failures.��"}, {"start": "00:13:21", "end": "00:13:28", "text": "The rest is roughly 60% breakdown in family�\ncommunication and 25% heirs who were just��"}, {"start": "00:13:28", "end": "00:13:36", "text": "never prepared. And you can see both outcomes in�\nsome of America's most famous family fortunes.��"}, {"start": "00:13:36", "end": "00:13:43", "text": "John D. Rockefeller Jr. locked his family's money�\ninto irrevocable trusts in 1934, and that family��"}, {"start": "00:13:43", "end": "00:13:49", "text": "has kept billions intact across hundreds of�\nmembers ever since. By contrast, Cornelius��"}, {"start": "00:13:49", "end": "00:13:56", "text": "Vanderbilt left 95% of his estate to one son and�\nfour grandsons with no trusts and no restrictions��"}, {"start": "00:13:56", "end": "00:14:05", "text": "whatsoever purely on faith in their judgment. His�\nson actually doubled it past $200 million by 1885.��"}, {"start": "00:14:05", "end": "00:14:11", "text": "But the generations after that, the ones handed�\nmoney they didn't work for and couldn't explain,��"}, {"start": "00:14:11", "end": "00:14:18", "text": "converted it into mansions and divorces and�\neventually nothing. So that's just to say that��"}, {"start": "00:14:18", "end": "00:14:23", "text": "you need to pass down that market wisdom too while�\nyou're here. And that goes for everyone, not just��"}, {"start": "00:14:23", "end": "00:14:29", "text": "the Rockefellers and Vanderbilts of this world.�\nThe people who lose fortunes in crypto lose them��"}, {"start": "00:14:29", "end": "00:14:36", "text": "to impatience, chasing dead narratives, oversized�\npositions, or failing to put the structures in��"}, {"start": "00:14:36", "end": "00:14:42", "text": "place that really secure the wealth over time. And�\nthat should be an encouraging thought if you're��"}, {"start": "00:14:42", "end": "00:14:47", "text": "still building your portfolio because each of�\nthose is a decision within your power. You don't��"}, {"start": "00:14:47", "end": "00:14:53", "text": "have to be early and you certainly don't need to�\nbe a genius. If the industry keeps compounding��"}, {"start": "00:14:53", "end": "00:14:59", "text": "the way it has, you have a repeatable process�\nbased on what we covered today that should take��"}, {"start": "00:14:59", "end": "00:15:06", "text": "you far. All that's really required is some�\npatience and some long-term conviction. Okay,��"}, {"start": "00:15:06", "end": "00:15:11", "text": "now that's all we have time for today, but what�\nabout you? Are you trying to build generational��"}, {"start": "00:15:11", "end": "00:15:16", "text": "wealth in crypto? And at what point would you�\nstart taking serious risk off the table? Let��"}, {"start": "00:15:16", "end": "00:15:21", "text": "us know your thoughts in the comments down below.�\nAnd if you want to go deeper on why Zcash has been��"}, {"start": "00:15:21", "end": "00:15:27", "text": "on such an epic run lately, then you should check�\nout our breakdown on that right over here. Okay,��"}, {"start": "00:15:27", "end": "00:15:32", "text": "thank you all so much for watching and I'll see�\nyou again very soon. This is Guy signing off."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "So, is the dollar replacing crypto or is"}, {"start": "00:00:02", "end": "00:00:07", "text": "crypto replacing the dollar? Most people"}, {"start": "00:00:05", "end": "00:00:09", "text": "expected big banks to package crypto up"}, {"start": "00:00:07", "end": "00:00:11", "text": "and sell it back to us, but instead"}, {"start": "00:00:09", "end": "00:00:14", "text": "BlackRock, Visa, and the owners of the"}, {"start": "00:00:11", "end": "00:00:16", "text": "New York Stock Exchange are running the"}, {"start": "00:00:14", "end": "00:00:18", "text": "networks themselves. Why? Well, because"}, {"start": "00:00:16", "end": "00:00:20", "text": "sending money overseas is a huge"}, {"start": "00:00:18", "end": "00:00:22", "text": "headache. Your cash does not travel"}, {"start": "00:00:20", "end": "00:00:25", "text": "instantly. It passes through a long line"}, {"start": "00:00:22", "end": "00:00:26", "text": "of middleman banks taking up to 4 days"}, {"start": "00:00:25", "end": "00:00:28", "text": "just to clear. And to fix this,"}, {"start": "00:00:26", "end": "00:00:30", "text": "Washington and Wall Street put the"}, {"start": "00:00:28", "end": "00:00:32", "text": "dollar directly onto crypto networks."}, {"start": "00:00:30", "end": "00:00:35", "text": "Under the new genius act, legal"}, {"start": "00:00:32", "end": "00:00:37", "text": "stablecoins must be backed by cash or"}, {"start": "00:00:35", "end": "00:00:40", "text": "short-term US government debt. Tether"}, {"start": "00:00:37", "end": "00:00:42", "text": "alone holds 141 billion dollars in US"}, {"start": "00:00:40", "end": "00:00:44", "text": "debt making it a bigger creditor to"}, {"start": "00:00:42", "end": "00:00:47", "text": "America than Germany, South Korea, or"}, {"start": "00:00:44", "end": "00:00:49", "text": "Saudi Arabia, just to name a few. Anyone"}, {"start": "00:00:47", "end": "00:00:51", "text": "overseas holding a digital dollar is"}, {"start": "00:00:49", "end": "00:00:53", "text": "actually funding the US government"}, {"start": "00:00:51", "end": "00:00:56", "text": "without needing a bank account. And it's"}, {"start": "00:00:53", "end": "00:00:58", "text": "working so well that 37 European banks"}, {"start": "00:00:56", "end": "00:01:00", "text": "are teaming up to launch a euro"}, {"start": "00:00:58", "end": "00:01:02", "text": "stablecoin just to protect their money"}, {"start": "00:01:00", "end": "00:01:03", "text": "control. So, who really won this battle?"}, {"start": "00:01:02", "end": "00:01:06", "text": ">> [music]"}, {"start": "00:01:03", "end": "00:01:06", "text": ">> Crypto or the dollar?"}]

[{"start": "00:00:00", "end": "00:00:05", "text": "For quite some time in the cryptosphere, there�\nwas one settled fact that nobody argued about.��"}, {"start": "00:00:05", "end": "00:00:10", "text": "If you wanted to speculate on high volatility�\ntokens or just outright gamble on something,��"}, {"start": "00:00:10", "end": "00:00:15", "text": "you went to Solana. That was the one�\nplace to go for serious on-chain action.��"}, {"start": "00:00:15", "end": "00:00:20", "text": "And everyone had come to accept that as basically�\na permanent feature of the industry. But then,��"}, {"start": "00:00:20", "end": "00:00:26", "text": "Robinhood, a stock brokerage, rocked in and built�\nits own blockchain and brought a whole new kind of��"}, {"start": "00:00:26", "end": "00:00:32", "text": "degeneracy with it. Because when Robinhood chain�\ngot going, meme coins weren't being paired against��"}, {"start": "00:00:32", "end": "00:00:38", "text": "ether or stable coins, they were being paired�\ndirectly against tokenized shares in real listed��"}, {"start": "00:00:38", "end": "00:00:43", "text": "companies. And with that, an entirely new form of�\ndegen activity suddenly gained traction. One that��"}, {"start": "00:00:43", "end": "00:00:48", "text": "gives traders a speculative playground we've never�\nactually seen before. But this is bigger than meme��"}, {"start": "00:00:48", "end": "00:00:54", "text": "coins and tokenized stocks. Robinhood is coming�\nfor the entire on-chain speculative economy,��"}, {"start": "00:00:54", "end": "00:00:59", "text": "and it wants to eat Solana's lunch. But will�\nSolana just roll over? Well, to find out,��"}, {"start": "00:00:59", "end": "00:01:04", "text": "we'll break down how Solana became the default�\ncasino, what Robinhood is doing to steal��"}, {"start": "00:01:04", "end": "00:01:09", "text": "the spotlight, and what that means for where�\nspeculation ends up going next. My name is DC,��"}, {"start": "00:01:09", "end": "00:01:15", "text": "and this is The Coin Bureau. Solana is often�\nhailed as the fast, cheap chain. But that's��"}, {"start": "00:01:15", "end": "00:01:20", "text": "not what actually gave it lasting success. Plenty�\nof chains are fast and cheap now, so that's not��"}, {"start": "00:01:20", "end": "00:01:25", "text": "enough. What Solana had was something much harder�\nto copy. It became the place where the action was.��"}, {"start": "00:01:25", "end": "00:01:30", "text": "Meme coins were the product, and the chain�\nwas simply the venue they were played on.��"}, {"start": "00:01:30", "end": "00:01:34", "text": "Cheap enough that a bad trade costs you the�\ntrade and not the trade plus some crippling fees,��"}, {"start": "00:01:34", "end": "00:01:39", "text": "fast enough that it actually felt like a proper�\napp as opposed to tapping into a blockchain, and��"}, {"start": "00:01:39", "end": "00:01:45", "text": "perhaps most importantly, permissionless. Anyone�\ncould hop on and join the action. Then launchpads��"}, {"start": "00:01:45", "end": "00:01:50", "text": "made creating tokens effortless, liquidity venues�\ngave them somewhere to trade, and routers tied it��"}, {"start": "00:01:50", "end": "00:01:56", "text": "all together into one big market. And on that�\nnote, here's an important point. Liquidity and��"}, {"start": "00:01:56", "end": "00:02:02", "text": "attention are not two separate resources. Wherever�\nthe attention concentrates, the liquidity follows��"}, {"start": "00:02:02", "end": "00:02:07", "text": "within hours. And wherever the liquidity is�\ndeepest, the attention has nowhere better to go.��"}, {"start": "00:02:07", "end": "00:02:13", "text": "What Solana did so beautifully, it captured both�\nat once. And it did it by being the only major��"}, {"start": "00:02:13", "end": "00:02:18", "text": "venue that never pretended speculation was�\nsomething more respectable than speculation.��"}, {"start": "00:02:18", "end": "00:02:24", "text": "No talk of banking the unbanked, just a�\nvery fast, very cheap place to bet. So then,��"}, {"start": "00:02:24", "end": "00:02:29", "text": "who's equipped equipped to attack a position�\nlike that? Well, Robinhood. They never had to��"}, {"start": "00:02:29", "end": "00:02:35", "text": "pretend either. Robinhood's entire identity was�\nforged in the meme stock era, when a retail crowd��"}, {"start": "00:02:35", "end": "00:02:41", "text": "on the internet decided GameStop stock was worth�\nwhatever they said it was worth. That happened on��"}, {"start": "00:02:41", "end": "00:02:47", "text": "Robinhood's app, and the fallout ran all the way�\nto congressional hearings. For years afterwards,��"}, {"start": "00:02:47", "end": "00:02:52", "text": "Robinhood has been accused of gamifying markets.�\nThe confetti animation when you execute a trade,��"}, {"start": "00:02:52", "end": "00:02:58", "text": "the push notifications, the swipe mechanics, the�\nwhole thing engineered to feel like a mobile game.��"}, {"start": "00:02:58", "end": "00:03:02", "text": "Now, it eventually removed the confetti under�\npressure, but when it comes to crypto, turning��"}, {"start": "00:03:02", "end": "00:03:07", "text": "investing into a game isn't such a crazy concept.�\nIt can actually be a desirable product feature.��"}, {"start": "00:03:08", "end": "00:03:14", "text": "And it's paired with something Solana simply�\ncannot manufacture, which is 28.4 million funded��"}, {"start": "00:03:14", "end": "00:03:20", "text": "customer accounts. Robinhood has an app already�\non people's phones with an account already funded.��"}, {"start": "00:03:20", "end": "00:03:25", "text": "And on top of that, the compliance is already done�\nand dusted. Look at the rest of the business and��"}, {"start": "00:03:25", "end": "00:03:30", "text": "the direction is fairly obvious. Options trading�\nis absolutely huge on Robinhood. Prediction��"}, {"start": "00:03:30", "end": "00:03:36", "text": "markets and event contracts have grown into a�\nserious revenue stream of their own. So, Robinhood��"}, {"start": "00:03:36", "end": "00:03:42", "text": "isn't really a TradFi firm nervously dipping its�\ntoe into crypto waters. The company is no stranger��"}, {"start": "00:03:42", "end": "00:03:48", "text": "to the more degen side of finance. Which brings us�\nto the centerpiece. Robinhood chain is an Ethereum��"}, {"start": "00:03:48", "end": "00:03:53", "text": "layer two the brokerage runs itself, where its�\ntokenized stocks and a meme coin somebody deployed��"}, {"start": "00:03:53", "end": "00:03:58", "text": "for a minute ago are both just tokens sitting in�\nthe same pool. And in case you're not aware, I do��"}, {"start": "00:03:58", "end": "00:04:03", "text": "mean that literally. Meme coins are being paired�\ndirectly against tokenized stocks, meaning you can��"}, {"start": "00:04:03", "end": "00:04:09", "text": "trade a meme coin against something tracking Apple�\nor Tesla instead of against ETH or a stable coin.��"}, {"start": "00:04:09", "end": "00:04:14", "text": "And that pairing forces two completely different�\ntrading cultures into the same room for the first��"}, {"start": "00:04:14", "end": "00:04:19", "text": "time ever. And perhaps the clearest example of�\nthat came from a very unhappy chief executive.��"}, {"start": "00:04:19", "end": "00:04:26", "text": "When Robinhood's version of AMC stock appeared on�\nthe chain, AMC CEO publicly went after Robinhood��"}, {"start": "00:04:26", "end": "00:04:32", "text": "calling it contemptible, outrageous, and vile and�\ndemanding it to stop. Robinhood didn't back down.��"}, {"start": "00:04:32", "end": "00:04:37", "text": "Almost immediately after that very public row,�\nsomebody deployed a meme coin on Robinhood chain��"}, {"start": "00:04:37", "end": "00:04:43", "text": "and paired it directly against the tokenized AMC�\nstock. It reached a nine-figure valuation within��"}, {"start": "00:04:43", "end": "00:04:50", "text": "hours. A company CEO expressing serious outrage�\nbecame, in the most literal sense possible,��"}, {"start": "00:04:50", "end": "00:04:55", "text": "rocket fuel for a token. And the mechanics of�\nthose pools produce some very strange things.��"}, {"start": "00:04:55", "end": "00:05:00", "text": "Every purchase of the meme coin forces the pool�\nto absorb more of the tokenized stock's floating��"}, {"start": "00:05:00", "end": "00:05:06", "text": "supply, so the on-chain price of a real-listed�\ncompany's shares can drift widely away from��"}, {"start": "00:05:06", "end": "00:05:11", "text": "where that company closed on a transfer exchange,�\nparticularly over a weekend when the actual market��"}, {"start": "00:05:11", "end": "00:05:16", "text": "is shut and there's nobody around to arbitrage it�\nback. So, you can end up with two very different��"}, {"start": "00:05:16", "end": "00:05:22", "text": "prices for the same company and one of them set by�\na meme coin. Now, crypto has spent the better part��"}, {"start": "00:05:22", "end": "00:05:27", "text": "of a decade arguing it was building a separate�\nfinancial system, a parallel infrastructure,��"}, {"start": "00:05:27", "end": "00:05:32", "text": "a different asset class, a distinct thing.�\nRobinhood's position here is that it was never��"}, {"start": "00:05:32", "end": "00:05:37", "text": "a separate system at all, and the firm is more�\nthan happy to combine the two in the craziest way��"}, {"start": "00:05:37", "end": "00:05:42", "text": "possible. Now, keeping track of these developments�\nand wild narratives is tough going when you only��"}, {"start": "00:05:42", "end": "00:05:48", "text": "have so many hours in the day. So, So us do it�\nfor you. Right here on YouTube, you can join the��"}, {"start": "00:05:48", "end": "00:05:53", "text": "Coin Bureau Club Light Plan. This is where you get�\ndaily coverage across both crypto and traditional��"}, {"start": "00:05:53", "end": "00:05:58", "text": "markets. Our teams read on where the money's going�\nnext and which narratives are starting to run dry.��"}, {"start": "00:05:58", "end": "00:06:03", "text": "And yes, our researchers have been very active�\non Robinhood Chain lately. And the best part,��"}, {"start": "00:06:03", "end": "00:06:09", "text": "if you sign up right now, your first month is�\nabsolutely free. Just tap the join button below��"}, {"start": "00:06:09", "end": "00:06:14", "text": "this video to get started. Okay, back to the�\ntrenches. And here's one inconvenient truth for��"}, {"start": "00:06:14", "end": "00:06:20", "text": "all Solana soldiers out there. Degens were never�\nloyal to Solana alone. They're loyal to wherever��"}, {"start": "00:06:20", "end": "00:06:26", "text": "the action is thickest. Solana's tech is great,�\nyes, but that was never its real edge. It beat��"}, {"start": "00:06:26", "end": "00:06:31", "text": "out so many other L1s because it had the gravity�\nto pull in on-chain activity and keep it there.��"}, {"start": "00:06:31", "end": "00:06:37", "text": "But gravity can shift, and here's how fast it can�\nmove. Solana had spent the past year absolutely��"}, {"start": "00:06:37", "end": "00:06:43", "text": "dominating on-chain equity tokens with roughly�\n97% of the entire category's trading volume��"}, {"start": "00:06:43", "end": "00:06:48", "text": "running through it. Then these hybrid stock and�\nmeme pools appeared on rival chains, and Solana's��"}, {"start": "00:06:48", "end": "00:06:54", "text": "share of that specific category collapsed towards�\n30% in a matter of weeks. Now that said, this��"}, {"start": "00:06:54", "end": "00:06:59", "text": "cuts both ways, so let me offer some balance here.�\nSome of Robinhood Chain's activity had been driven��"}, {"start": "00:06:59", "end": "00:07:05", "text": "by a temporary gas subsidy and other incentives,�\nwhich don't last forever. It's also worth noting��"}, {"start": "00:07:05", "end": "00:07:10", "text": "that much of this volume is coming from existing�\ncrypto traders using third-party trading platforms��"}, {"start": "00:07:10", "end": "00:07:16", "text": "rather than brand new Robinhood customers or loyal�\nRobinhood Chain users. Solana, meanwhile, has the��"}, {"start": "00:07:16", "end": "00:07:21", "text": "culture, the tooling, the entire launch machinery,�\nand the permissionlessness that lets somebody spin��"}, {"start": "00:07:21", "end": "00:07:27", "text": "up a market whenever they want. And to be clear,�\nSolana is already answering this meta. Stonks��"}, {"start": "00:07:27", "end": "00:07:32", "text": "Fun lets anyone launch meme coins paired against�\ntokenized stocks and ETFs with its own Stonk token��"}, {"start": "00:07:32", "end": "00:07:38", "text": "paired against SPYX recently running to a�\nnine-figure valuation. So, Robinhood Chain may��"}, {"start": "00:07:38", "end": "00:07:44", "text": "have kicked this narrative into another gear, but�\nit doesn't own it. Solana's already fighting back.��"}, {"start": "00:07:44", "end": "00:07:48", "text": "But, Robinhood has the distribution and a much�\neasier route to turning this speculative narrative��"}, {"start": "00:07:48", "end": "00:07:53", "text": "into something mainstream, something more retail�\ntraders might use. Different advantages and��"}, {"start": "00:07:53", "end": "00:07:58", "text": "neither one outright beats the other. But, there's�\na wider point here that's potentially much more��"}, {"start": "00:07:58", "end": "00:08:03", "text": "important than which chain actually wins. Because�\nthe big question isn't about crypto or stocks.��"}, {"start": "00:08:03", "end": "00:08:08", "text": "The winning venue could be whichever one is�\nsimply honest about what it's actually selling.��"}, {"start": "00:08:08", "end": "00:08:13", "text": "And what it's selling is the ability to�\nbet on anything at any hour of the day.��"}, {"start": "00:08:13", "end": "00:08:18", "text": "Crypto's real innovation this cycle was the proof�\nthat there is effectively infinite demand for a��"}, {"start": "00:08:18", "end": "00:08:23", "text": "market with no closing bell and no gatekeeper.�\nAnd tokenized shares make that point very clear��"}, {"start": "00:08:23", "end": "00:08:29", "text": "because they're not shares at all. They're issued�\nout of an offshore entity as debt-like instruments��"}, {"start": "00:08:29", "end": "00:08:34", "text": "that track the price without giving you ownership�\nor a vote. So, in other words, what's being sold��"}, {"start": "00:08:34", "end": "00:08:40", "text": "here is the exposure and a spicy narrative to go�\nwith it rather than the company itself. Arguably,��"}, {"start": "00:08:40", "end": "00:08:46", "text": "crypto's biggest on-chain value proposition�\nis permissionless speculation that runs 24/7.��"}, {"start": "00:08:46", "end": "00:08:50", "text": "Robinhood saw that crypto had already proven�\nthe demand for these kinds of markets and��"}, {"start": "00:08:50", "end": "00:08:54", "text": "then decided it could simply do it better.�\nBut, that's just one way of looking at it.��"}, {"start": "00:08:54", "end": "00:08:59", "text": "What do you think? Is Robinhood chain�\ndestined to go from strength to strength��"}, {"start": "00:08:59", "end": "00:09:03", "text": "or will Solana take back its market share? Please�\nlet us know your thoughts in the comments below.��"}, {"start": "00:09:04", "end": "00:09:08", "text": "And if you want to understand how Robinhood chain�\nwent from nothing to a top-tier fee generator in a��"}, {"start": "00:09:08", "end": "00:09:12", "text": "matter of weeks, then you should definitely�\ncheck out our breakdown right over here.��"}, {"start": "00:09:13", "end": "00:09:19", "text": "As always, thanks so much for watching and I'll�\nsee you again very soon. This is DC signing off."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Is your money actually safe in a bank"}, {"start": "00:00:02", "end": "00:00:05", "text": "right now? America's debt just crossed"}, {"start": "00:00:04", "end": "00:00:07", "text": "$40 trillion"}, {"start": "00:00:05", "end": "00:00:08", "text": "and the government is essentially"}, {"start": "00:00:07", "end": "00:00:10", "text": "borrowing money just to pay off the"}, {"start": "00:00:08", "end": "00:00:13", "text": "interest on its own credit card. For"}, {"start": "00:00:10", "end": "00:00:15", "text": "years, whenever the economy got shaky,"}, {"start": "00:00:13", "end": "00:00:17", "text": "people relied on government bonds as the"}, {"start": "00:00:15", "end": "00:00:19", "text": "ultimate safe haven. But right now, the"}, {"start": "00:00:17", "end": "00:00:22", "text": "biggest buyers in the world are walking"}, {"start": "00:00:19", "end": "00:00:24", "text": "away. So, where is the smart money"}, {"start": "00:00:22", "end": "00:00:26", "text": "actually going? Well, investors are"}, {"start": "00:00:24", "end": "00:00:28", "text": "ditching traditional tech stocks and"}, {"start": "00:00:26", "end": "00:00:29", "text": "flooding into gold and Bitcoin. Why?"}, {"start": "00:00:28", "end": "00:00:31", "text": "[music]"}, {"start": "00:00:29", "end": "00:00:33", "text": "Because Bitcoin is no longer trading"}, {"start": "00:00:31", "end": "00:00:36", "text": "like a risky tech asset. It's turning"}, {"start": "00:00:33", "end": "00:00:37", "text": "into a life raft against a breaking"}, {"start": "00:00:36", "end": "00:00:39", "text": "financial system, [music]"}, {"start": "00:00:37", "end": "00:00:41", "text": "which means that crypto isn't just for"}, {"start": "00:00:39", "end": "00:00:45", "text": "tech nerds anymore. The truth is that"}, {"start": "00:00:41", "end": "00:00:45", "text": "it's becoming the backup plan."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "But what has just happened for BTC? This"}, {"start": "00:00:01", "end": "00:00:05", "text": "is the weekly charts. You can see this"}, {"start": "00:00:03", "end": "00:00:07", "text": "was our downtrend. So you have the"}, {"start": "00:00:05", "end": "00:00:09", "text": "context. This is the downtrend October"}, {"start": "00:00:07", "end": "00:00:11", "text": "6th, the week that will live in infamy."}, {"start": "00:00:09", "end": "00:00:14", "text": "10 10 crash, all that fun stuff. Bad"}, {"start": "00:00:11", "end": "00:00:17", "text": "times. So what happened? Structure"}, {"start": "00:00:14", "end": "00:00:20", "text": "breaks. We get our first lower low,"}, {"start": "00:00:17", "end": "00:00:22", "text": "lower high, lower low, lower high, lower"}, {"start": "00:00:20", "end": "00:00:24", "text": "low. This move this week, and we're"}, {"start": "00:00:22", "end": "00:00:26", "text": "still a long way away from a weekly"}, {"start": "00:00:24", "end": "00:00:27", "text": "candle close. I would just like to point"}, {"start": "00:00:26", "end": "00:00:29", "text": "that out. But this is the thing with"}, {"start": "00:00:27", "end": "00:00:31", "text": "investing. How many confirmations do you"}, {"start": "00:00:29", "end": "00:00:33", "text": "need you've had a dozen different"}, {"start": "00:00:31", "end": "00:00:34", "text": "things, more actually show up technical"}, {"start": "00:00:33", "end": "00:00:38", "text": "factors I've shared with you on this"}, {"start": "00:00:34", "end": "00:00:40", "text": "channel, going over why the $57,700"}, {"start": "00:00:38", "end": "00:00:42", "text": "was a very likely place to be the bottom"}, {"start": "00:00:40", "end": "00:00:44", "text": "for BTC. Meanwhile, four-year cycle bros"}, {"start": "00:00:42", "end": "00:00:46", "text": "in absolute shambles. I know what you're"}, {"start": "00:00:44", "end": "00:00:49", "text": "thinking. You still got two weeks, man."}, {"start": "00:00:46", "end": "00:00:50", "text": "Let's go. Two weeks for the world to end"}, {"start": "00:00:49", "end": "00:00:53", "text": "literally, but the price is going to go"}, {"start": "00:00:50", "end": "00:00:54", "text": "down to 40K BTC, so winning. Dirty"}, {"start": "00:00:53", "end": "00:00:56", "text": "bears. Dirty bears. This is very"}, {"start": "00:00:54", "end": "00:00:59", "text": "important candle breakout because this"}, {"start": "00:00:56", "end": "00:01:01", "text": "candle breakout brings the price higher"}, {"start": "00:00:59", "end": "00:01:02", "text": "than back here in May. And this is"}, {"start": "00:01:01", "end": "00:01:05", "text": "incredibly important because this was"}, {"start": "00:01:02", "end": "00:01:08", "text": "our lower high. So what we have now, a"}, {"start": "00:01:05", "end": "00:01:11", "text": "new uptrend forming with higher highs"}, {"start": "00:01:08", "end": "00:01:13", "text": "and higher lows. This move, it's only"}, {"start": "00:01:11", "end": "00:01:15", "text": "$2,000 above that previous level, so"}, {"start": "00:01:13", "end": "00:01:17", "text": "it's not the biggest breakout on Earth"}, {"start": "00:01:15", "end": "00:01:20", "text": "so far. I get it. But this move is"}, {"start": "00:01:17", "end": "00:01:23", "text": "incredibly important because it changes"}, {"start": "00:01:20", "end": "00:01:26", "text": "fundamentally the structure of the"}, {"start": "00:01:23", "end": "00:01:27", "text": "market. And that matters. That matters"}, {"start": "00:01:26", "end": "00:01:29", "text": "cuz if you're bidding coins, this is"}, {"start": "00:01:27", "end": "00:01:31", "text": "exactly what you want to see. I'd also"}, {"start": "00:01:29", "end": "00:01:33", "text": "like to point out here, RSI weekly"}, {"start": "00:01:31", "end": "00:01:36", "text": "breakout underway with a breakout and"}, {"start": "00:01:33", "end": "00:01:38", "text": "bullish retest as you can see right down"}, {"start": "00:01:36", "end": "00:01:40", "text": "here. We like that. Now what are these"}, {"start": "00:01:38", "end": "00:01:42", "text": "yellow things I've got on the chart"}, {"start": "00:01:40", "end": "00:01:44", "text": "here? Well, I want to talk with this"}, {"start": "00:01:42", "end": "00:01:45", "text": "about you with this as well because this"}, {"start": "00:01:44", "end": "00:01:46", "text": "is also very important. I've got a few"}, {"start": "00:01:45", "end": "00:01:48", "text": "more charts to follow up on this as"}, {"start": "00:01:46", "end": "00:01:49", "text": "well, but this is something I find very"}, {"start": "00:01:48", "end": "00:01:51", "text": "interesting cuz if you look back"}, {"start": "00:01:49", "end": "00:01:54", "text": "historically through Bitcoin cycles,"}, {"start": "00:01:51", "end": "00:01:57", "text": "once we've crossed over the 50-week EMA,"}, {"start": "00:01:54", "end": "00:02:00", "text": "what tends to happen? Well, on average"}, {"start": "00:01:57", "end": "00:02:01", "text": "we go about 100 to 130-40"}, {"start": "00:02:00", "end": "00:02:03", "text": "weeks, something like that. It's an"}, {"start": "00:02:01", "end": "00:02:05", "text": "average, right? Like last one was about"}, {"start": "00:02:03", "end": "00:02:08", "text": "140, this one could be close to 100,"}, {"start": "00:02:05", "end": "00:02:11", "text": "this one might be 120. We'll find out,"}, {"start": "00:02:08", "end": "00:02:13", "text": "but somewhere within the the end is here"}, {"start": "00:02:11", "end": "00:02:15", "text": "text is where we're going to probably"}, {"start": "00:02:13", "end": "00:02:17", "text": "end this bull run, which is just"}, {"start": "00:02:15", "end": "00:02:20", "text": "starting, by the way. You are not late."}, {"start": "00:02:17", "end": "00:02:23", "text": "Here's the dealio. We are about 5 weeks"}, {"start": "00:02:20", "end": "00:02:25", "text": "in now to the 50-week EMA breakout. We"}, {"start": "00:02:23", "end": "00:02:26", "text": "hugged that 50-week EMA for the last 4"}, {"start": "00:02:25", "end": "00:02:28", "text": "weeks, by the way. Now, we are"}, {"start": "00:02:26", "end": "00:02:30", "text": "attempting to have a serious breakout"}, {"start": "00:02:28", "end": "00:02:32", "text": "above it. This is incredibly"}, {"start": "00:02:30", "end": "00:02:34", "text": "significant. Again, I cannot under you"}, {"start": "00:02:32", "end": "00:02:35", "text": "know, try to really try to just fully"}, {"start": "00:02:34", "end": "00:02:37", "text": "get across the importance of from a"}, {"start": "00:02:35", "end": "00:02:38", "text": "technical perspective what's happening"}, {"start": "00:02:37", "end": "00:02:39", "text": "in the charts right now, cuz it is very"}, {"start": "00:02:38", "end": "00:02:41", "text": "important. And I know, it's just the"}, {"start": "00:02:39", "end": "00:02:43", "text": "charts, Lark. Yeah, well, you know, it's"}, {"start": "00:02:41", "end": "00:02:45", "text": "the charts, man. Respect the charts."}, {"start": "00:02:43", "end": "00:02:47", "text": "Anyway, if we and the confluence here,"}, {"start": "00:02:45", "end": "00:02:50", "text": "by the way, is absolutely insane. If we"}, {"start": "00:02:47", "end": "00:02:52", "text": "see an average sort of cycle play out,"}, {"start": "00:02:50", "end": "00:02:54", "text": "where we get about 100 to somewhere"}, {"start": "00:02:52", "end": "00:02:56", "text": "between 140 weeks, well, guess where"}, {"start": "00:02:54", "end": "00:02:59", "text": "that puts us. What is the time zone over"}, {"start": "00:02:56", "end": "00:03:03", "text": "here? Well, 100 weeks puts us July 2028."}, {"start": "00:02:59", "end": "00:03:06", "text": "140 weeks puts us March 29. Right in the"}, {"start": "00:03:03", "end": "00:03:09", "text": "middle here, November of '28, US"}, {"start": "00:03:06", "end": "00:03:11", "text": "presidential elections. January '29, new"}, {"start": "00:03:09", "end": "00:03:13", "text": "president gets in. Historically, those"}, {"start": "00:03:11", "end": "00:03:15", "text": "kind of events have massive volatility"}, {"start": "00:03:13", "end": "00:03:17", "text": "for the markets. So, one of those two"}, {"start": "00:03:15", "end": "00:03:20", "text": "areas is when the market probably"}, {"start": "00:03:17", "end": "00:03:22", "text": "finally tops out. Now, that adds up with"}, {"start": "00:03:20", "end": "00:03:24", "text": "all kinds of other confluence that we've"}, {"start": "00:03:22", "end": "00:03:27", "text": "seen. The average bear the average bull"}, {"start": "00:03:24", "end": "00:03:28", "text": "market lasts about 5 to 6 years. 5 and"}, {"start": "00:03:27", "end": "00:03:29", "text": "1/2 years, I think, approximately is the"}, {"start": "00:03:28", "end": "00:03:32", "text": "exact target, but anyway."}, {"start": "00:03:29", "end": "00:03:35", "text": "So, this one started in January '23, so"}, {"start": "00:03:32", "end": "00:03:37", "text": "it topping out at the end of 2028 or"}, {"start": "00:03:35", "end": "00:03:39", "text": "sometime in the early 2029 would make"}, {"start": "00:03:37", "end": "00:03:41", "text": "sense. For a Bitcoin market cycle, which"}, {"start": "00:03:39", "end": "00:03:43", "text": "look, Bitcoin market cycles are now"}, {"start": "00:03:41", "end": "00:03:45", "text": "moving, let's say the 4-year cycle had"}, {"start": "00:03:43", "end": "00:03:47", "text": "some kind of relevance still. I don't"}, {"start": "00:03:45", "end": "00:03:49", "text": "think anybody got exactly what they"}, {"start": "00:03:47", "end": "00:03:51", "text": "wanted from this. The 4-year cycle"}, {"start": "00:03:49", "end": "00:03:52", "text": "disbelievers didn't get exactly what"}, {"start": "00:03:51", "end": "00:03:55", "text": "they wanted, nor did the 4-year cycle,"}, {"start": "00:03:52", "end": "00:03:56", "text": "cultists get what they want. Everybody"}, {"start": "00:03:55", "end": "00:03:57", "text": "didn't get anything, but everybody also"}, {"start": "00:03:56", "end": "00:03:59", "text": "got something, which is interesting."}, {"start": "00:03:57", "end": "00:04:01", "text": "Look, life-changing money isn't made"}, {"start": "00:03:59", "end": "00:04:02", "text": "during the euphoric market tops. It's"}, {"start": "00:04:01", "end": "00:04:05", "text": "made right now during the accumulation"}, {"start": "00:04:02", "end": "00:04:06", "text": "phases. By the time retail's panic"}, {"start": "00:04:05", "end": "00:04:08", "text": "buying green candles, the real gains are"}, {"start": "00:04:06", "end": "00:04:11", "text": "gone. Smart money, what do they do? They"}, {"start": "00:04:08", "end": "00:04:13", "text": "automate their buys today. And Kraken is"}, {"start": "00:04:11", "end": "00:04:14", "text": "the ultimate US regulated home base to"}, {"start": "00:04:13", "end": "00:04:16", "text": "do it. Available in the UK, Australia,"}, {"start": "00:04:14", "end": "00:04:19", "text": "Canada, really most major jurisdictions."}, {"start": "00:04:16", "end": "00:04:21", "text": "You get spot crypto over 11,000"}, {"start": "00:04:19", "end": "00:04:24", "text": "commission-free US stocks and ETFs, and"}, {"start": "00:04:21", "end": "00:04:26", "text": "automated recurring buys all under one"}, {"start": "00:04:24", "end": "00:04:27", "text": "single roof. Plus options trading and"}, {"start": "00:04:26", "end": "00:04:29", "text": "prop trading, all that fun kind of"}, {"start": "00:04:27", "end": "00:04:31", "text": "stuff. You can set up an automatic"}, {"start": "00:04:29", "end": "00:04:32", "text": "weekly DCA, let it accumulate in the"}, {"start": "00:04:31", "end": "00:04:34", "text": "background, and earn yield on your idle"}, {"start": "00:04:32", "end": "00:04:36", "text": "balances while you sleep. No casino BS,"}, {"start": "00:04:34", "end": "00:04:38", "text": "no half-baked app, pure"}, {"start": "00:04:36", "end": "00:04:40", "text": "institutional-grade execution. Right"}, {"start": "00:04:38", "end": "00:04:42", "text": "now, sign up exclusively with the link"}, {"start": "00:04:40", "end": "00:04:44", "text": "down below, and when you trade $100 or"}, {"start": "00:04:42", "end": "00:04:46", "text": "more, which is super easy to do, you get"}, {"start": "00:04:44", "end": "00:04:48", "text": "$10 in free Bitcoin deposited straight"}, {"start": "00:04:46", "end": "00:04:50", "text": "into your account. That's pretty cool."}, {"start": "00:04:48", "end": "00:04:51", "text": "The accumulation window is closing. It"}, {"start": "00:04:50", "end": "00:04:54", "text": "won't last forever. So, click the link,"}, {"start": "00:04:51", "end": "00:04:56", "text": "claim your free Bitcoin, and turn on"}, {"start": "00:04:54", "end": "00:04:57", "text": "your wealth engine today. So, we see"}, {"start": "00:04:56", "end": "00:04:59", "text": "this continue to play out in this"}, {"start": "00:04:57", "end": "00:05:01", "text": "fashion, and we keep following, you"}, {"start": "00:04:59", "end": "00:05:03", "text": "know, the copper-gold ratio, or the ISM"}, {"start": "00:05:01", "end": "00:05:04", "text": "PMI for manufacturing, that kind of"}, {"start": "00:05:03", "end": "00:05:06", "text": "stuff. Well, that that's very"}, {"start": "00:05:04", "end": "00:05:10", "text": "interesting, because those tend to run"}, {"start": "00:05:06", "end": "00:05:12", "text": "for about 18 to 24 months. 18 months"}, {"start": "00:05:10", "end": "00:05:15", "text": "from now, of course, where does that put"}, {"start": "00:05:12", "end": "00:05:17", "text": "us? Puts us in early '28, early to mid"}, {"start": "00:05:15", "end": "00:05:19", "text": "'28. If we do a 24-month run for the"}, {"start": "00:05:17", "end": "00:05:20", "text": "business cycle, the copper-gold ratio,"}, {"start": "00:05:19", "end": "00:05:22", "text": "all that kind of stuff. Well, that's"}, {"start": "00:05:20", "end": "00:05:24", "text": "basically Trump saying, \"Last two years"}, {"start": "00:05:22", "end": "00:05:26", "text": "are my term, best markets ever. Max"}, {"start": "00:05:24", "end": "00:05:29", "text": "grifting, max crime, max extraction, and"}, {"start": "00:05:26", "end": "00:05:30", "text": "then good luck, everybody. Good luck.\""}, {"start": "00:05:29", "end": "00:05:32", "text": "Anyway, historically, these are the"}, {"start": "00:05:30", "end": "00:05:34", "text": "trends. Historically, we see bull"}, {"start": "00:05:32", "end": "00:05:35", "text": "markets lasting somewhere in this range"}, {"start": "00:05:34", "end": "00:05:37", "text": "right here. The peak should come in that"}, {"start": "00:05:35", "end": "00:05:40", "text": "range right there. So, we should expect"}, {"start": "00:05:37", "end": "00:05:42", "text": "multiple weekly big moves here, higher"}, {"start": "00:05:40", "end": "00:05:43", "text": "highs, higher lows. Then the higher lows"}, {"start": "00:05:42", "end": "00:05:44", "text": "are going to be the kind of drawdowns"}, {"start": "00:05:43", "end": "00:05:46", "text": "that make you believe it's all over, the"}, {"start": "00:05:44", "end": "00:05:48", "text": "market cycle's done. You're all idiots"}, {"start": "00:05:46", "end": "00:05:49", "text": "for believing that this could ever"}, {"start": "00:05:48", "end": "00:05:50", "text": "happen again, that we could ever have a"}, {"start": "00:05:49", "end": "00:05:52", "text": "bull run again, and then it blasts"}, {"start": "00:05:50", "end": "00:05:55", "text": "higher and sidelines everybody once"}, {"start": "00:05:52", "end": "00:05:59", "text": "again. Kind of deal here, okay? Hee"}, {"start": "00:05:55", "end": "00:06:01", "text": "Young Jew, Bitcoin reclaimed the 365-day"}, {"start": "00:05:59", "end": "00:06:02", "text": "moving average at 83K, sitting at 84"}, {"start": "00:06:01", "end": "00:06:03", "text": "right now. That's the line everybody's"}, {"start": "00:06:02", "end": "00:06:07", "text": "been watching for the end of the bear"}, {"start": "00:06:03", "end": "00:06:09", "text": "market. If it holds, if it holds, hold"}, {"start": "00:06:07", "end": "00:06:11", "text": "the line. Momentum traders and"}, {"start": "00:06:09", "end": "00:06:12", "text": "institutions start FOMOing in. Yes, yes,"}, {"start": "00:06:11", "end": "00:06:14", "text": "they do. That's the important part of"}, {"start": "00:06:12", "end": "00:06:16", "text": "the conversation here because this move"}, {"start": "00:06:14", "end": "00:06:19", "text": "today is a signal that the trend has"}, {"start": "00:06:16", "end": "00:06:20", "text": "officially started to change. Now, we've"}, {"start": "00:06:19", "end": "00:06:21", "text": "been talking for a while, there's all"}, {"start": "00:06:20", "end": "00:06:22", "text": "these early indicators that things are"}, {"start": "00:06:21", "end": "00:06:24", "text": "moving back in the other direction, blah"}, {"start": "00:06:22", "end": "00:06:27", "text": "blah blah blah. The reality is, until"}, {"start": "00:06:24", "end": "00:06:28", "text": "you got over $82,500 for BTC, which has"}, {"start": "00:06:27", "end": "00:06:30", "text": "been the sticking point for the last few"}, {"start": "00:06:28", "end": "00:06:33", "text": "weeks, until you get over that with some"}, {"start": "00:06:30", "end": "00:06:35", "text": "kind of decisiveness, momentum traders"}, {"start": "00:06:33", "end": "00:06:36", "text": "and institutions are not going to start"}, {"start": "00:06:35", "end": "00:06:38", "text": "piling cash back in. Of course, they"}, {"start": "00:06:36", "end": "00:06:40", "text": "also have the four-year cycle bros"}, {"start": "00:06:38", "end": "00:06:41", "text": "sidelined, man. They're going to have to"}, {"start": "00:06:40", "end": "00:06:43", "text": "start piling cash back in at some point,"}, {"start": "00:06:41", "end": "00:06:45", "text": "too. I saw a dude I know, he's like,"}, {"start": "00:06:43", "end": "00:06:46", "text": "\"Please, somebody tell me if the bottom"}, {"start": "00:06:45", "end": "00:06:48", "text": "is in.\" Like, dog, come on, man. Trust"}, {"start": "00:06:46", "end": "00:06:49", "text": "your own intuition here. Have you not"}, {"start": "00:06:48", "end": "00:06:51", "text": "been paying attention to the charts? Uh"}, {"start": "00:06:49", "end": "00:06:52", "text": "Titan posted this, Bitcoin every cycle"}, {"start": "00:06:51", "end": "00:06:54", "text": "is the same, big accounts marry their"}, {"start": "00:06:52", "end": "00:06:56", "text": "narratives. Yes, people become trapped"}, {"start": "00:06:54", "end": "00:06:58", "text": "by certainty. There is no certainty in"}, {"start": "00:06:56", "end": "00:06:59", "text": "markets. Never, never, never certainty"}, {"start": "00:06:58", "end": "00:07:01", "text": "in markets. You have to [�__�]"}, {"start": "00:06:59", "end": "00:07:02", "text": "understand that, man. People are like,"}, {"start": "00:07:01", "end": "00:07:04", "text": "\"Well, it's got to be this way because"}, {"start": "00:07:02", "end": "00:07:06", "text": "it's been this way before.\" Like,"}, {"start": "00:07:04", "end": "00:07:06", "text": "literally every financial app you ever"}, {"start": "00:07:06", "end": "00:07:07", "text": "open is going to tell you past"}, {"start": "00:07:06", "end": "00:07:09", "text": "performance is not a great future"}, {"start": "00:07:07", "end": "00:07:10", "text": "returns cuz that's true. It's true. You"}, {"start": "00:07:09", "end": "00:07:11", "text": "got to look at the market structure, you"}, {"start": "00:07:10", "end": "00:07:12", "text": "have to look at the underlying"}, {"start": "00:07:11", "end": "00:07:13", "text": "fundamentals, you have to look at the"}, {"start": "00:07:12", "end": "00:07:15", "text": "technical indicators that are playing"}, {"start": "00:07:13", "end": "00:07:17", "text": "out in real time in front of your face."}, {"start": "00:07:15", "end": "00:07:19", "text": "Not get wedded to these [�__�]"}, {"start": "00:07:17", "end": "00:07:20", "text": "narratives. Well, we have to bottom in"}, {"start": "00:07:19", "end": "00:07:21", "text": "October cuz that's what we did"}, {"start": "00:07:20", "end": "00:07:23", "text": "previously. Like, well, you know what?"}, {"start": "00:07:21", "end": "00:07:24", "text": "Maybe things are changing. In fact,"}, {"start": "00:07:23", "end": "00:07:27", "text": "everything about the last cycle, the"}, {"start": "00:07:24", "end": "00:07:29", "text": "last 2 or 3 years in crypto, have proven"}, {"start": "00:07:27", "end": "00:07:31", "text": "very clearly that things are changing"}, {"start": "00:07:29", "end": "00:07:33", "text": "and people who refuse to adapt what the"}, {"start": "00:07:31", "end": "00:07:34", "text": "chart is telling them. This is true. At"}, {"start": "00:07:33", "end": "00:07:36", "text": "the very least, read the charts in front"}, {"start": "00:07:34", "end": "00:07:37", "text": "of you, man. Remove your bias. Bitcoin"}, {"start": "00:07:36", "end": "00:07:39", "text": "hyper Bitcoin's market bottom every time"}, {"start": "00:07:37", "end": "00:07:41", "text": "the RSI in this chart hit the red zone"}, {"start": "00:07:39", "end": "00:07:42", "text": "and bounce from it. Oh, I guess what"}, {"start": "00:07:41", "end": "00:07:45", "text": "just happened, hit the red zone, bounce"}, {"start": "00:07:42", "end": "00:07:48", "text": "from it. Higher. Higher. Adam Livingston"}, {"start": "00:07:45", "end": "00:07:51", "text": "posted this, Bitcoin after gold, copper,"}, {"start": "00:07:48", "end": "00:07:53", "text": "copper gold cycle bottoms, okay? Copper"}, {"start": "00:07:51", "end": "00:07:55", "text": "gold has made five cycle bottoms since"}, {"start": "00:07:53", "end": "00:07:58", "text": "2013. Bitcoin's medium return over the"}, {"start": "00:07:55", "end": "00:08:00", "text": "next 12 months has been 204%."}, {"start": "00:07:58", "end": "00:08:03", "text": "If that plays out this time, we are"}, {"start": "00:08:00", "end": "00:08:05", "text": "going to see a $200,000 Bitcoin by the"}, {"start": "00:08:03", "end": "00:08:07", "text": "end of next year. Imagine. But instead"}, {"start": "00:08:05", "end": "00:08:09", "text": "of buying the obvious accumulation"}, {"start": "00:08:07", "end": "00:08:11", "text": "period, you were waiting for 40K. And"}, {"start": "00:08:09", "end": "00:08:12", "text": "again, you know what? Maybe maybe World"}, {"start": "00:08:11", "end": "00:08:14", "text": "War III happens, everybody starts nuking"}, {"start": "00:08:12", "end": "00:08:15", "text": "each other, and the bears be like,"}, {"start": "00:08:14", "end": "00:08:17", "text": "\"See, I told you Bitcoin's going to 40K"}, {"start": "00:08:15", "end": "00:08:19", "text": "in October.\" I'm like, \"Shut up. Shut"}, {"start": "00:08:17", "end": "00:08:20", "text": "up, you did not see nuclear war coming."}, {"start": "00:08:19", "end": "00:08:22", "text": "Get out of here. You stink.\" But this is"}, {"start": "00:08:20", "end": "00:08:24", "text": "very interesting. Bitcoin after the"}, {"start": "00:08:22", "end": "00:08:25", "text": "copper gold cycle bottom is an extremely"}, {"start": "00:08:24", "end": "00:08:28", "text": "extremely important indicator because"}, {"start": "00:08:25", "end": "00:08:30", "text": "this is an economic health indicator,"}, {"start": "00:08:28", "end": "00:08:31", "text": "right? So, when copper starts surging,"}, {"start": "00:08:30", "end": "00:08:34", "text": "it tends to have a very specific"}, {"start": "00:08:31", "end": "00:08:36", "text": "economic incentive with it. That means"}, {"start": "00:08:34", "end": "00:08:37", "text": "that the economy is doing well, people"}, {"start": "00:08:36", "end": "00:08:38", "text": "are getting jobs, and people can afford"}, {"start": "00:08:37", "end": "00:08:40", "text": "to buy dog coins and Bitcoin and other"}, {"start": "00:08:38", "end": "00:08:42", "text": "stuff like that, okay? Aporia posted"}, {"start": "00:08:40", "end": "00:08:43", "text": "this, \"Sideliners didn't buy the bottom"}, {"start": "00:08:42", "end": "00:08:44", "text": "because it seemed too risky. They didn't"}, {"start": "00:08:43", "end": "00:08:45", "text": "buy the trend because it seemed too"}, {"start": "00:08:44", "end": "00:08:47", "text": "risky. Sideliners didn't buy the"}, {"start": "00:08:45", "end": "00:08:48", "text": "breakout because it could be a fakeout,"}, {"start": "00:08:47", "end": "00:08:49", "text": "too risky. They didn't buy the retest"}, {"start": "00:08:48", "end": "00:08:51", "text": "because it could be a breakdown, too"}, {"start": "00:08:49", "end": "00:08:52", "text": "risky. Sideliners treat risk as a bug to"}, {"start": "00:08:51", "end": "00:08:56", "text": "be fixed rather than the price of"}, {"start": "00:08:52", "end": "00:08:58", "text": "admission.\" Yes, price of admission is"}, {"start": "00:08:56", "end": "00:09:00", "text": "risk. I love it. Sideliners keep adding"}, {"start": "00:08:58", "end": "00:09:02", "text": "complexity trying to get the return"}, {"start": "00:09:00", "end": "00:09:05", "text": "without the pain. You have to"}, {"start": "00:09:02", "end": "00:09:07", "text": "internalize the pain of markets. You"}, {"start": "00:09:05", "end": "00:09:08", "text": "will be kicked in the balls and punched"}, {"start": "00:09:07", "end": "00:09:10", "text": "in the face and have your face held in"}, {"start": "00:09:08", "end": "00:09:12", "text": "the [�__�] more times than you can"}, {"start": "00:09:10", "end": "00:09:14", "text": "possibly imagine. But on the other side"}, {"start": "00:09:12", "end": "00:09:17", "text": "of that pain lies the promised land."}, {"start": "00:09:14", "end": "00:09:17", "text": "Never forget."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "The end is here."}, {"start": "00:00:02", "end": "00:00:06", "text": "Text is where we're going to probably"}, {"start": "00:00:04", "end": "00:00:08", "text": "end this bull run, which is just"}, {"start": "00:00:06", "end": "00:00:10", "text": "starting, by the way. You are not late."}, {"start": "00:00:08", "end": "00:00:13", "text": "You are not late. Here's the dealio. We"}, {"start": "00:00:10", "end": "00:00:16", "text": "are about 5 weeks in now to the 50-week"}, {"start": "00:00:13", "end": "00:00:18", "text": "EMA breakout. We hugged that 50-week EMA"}, {"start": "00:00:16", "end": "00:00:19", "text": "for last 4 weeks, by the way. Now, we"}, {"start": "00:00:18", "end": "00:00:21", "text": "are attempting to have a serious"}, {"start": "00:00:19", "end": "00:00:23", "text": "breakout above it. This is incredibly"}, {"start": "00:00:21", "end": "00:00:25", "text": "significant. Again, I cannot under You"}, {"start": "00:00:23", "end": "00:00:26", "text": "know, tr- tr- really try to just fully"}, {"start": "00:00:25", "end": "00:00:28", "text": "get across the importance of from a"}, {"start": "00:00:26", "end": "00:00:29", "text": "technical perspective what's happening"}, {"start": "00:00:28", "end": "00:00:31", "text": "in the charts right now, cuz it is very"}, {"start": "00:00:29", "end": "00:00:32", "text": "important. And now, it shows the charts,"}, {"start": "00:00:31", "end": "00:00:36", "text": "Lark. Yeah, well, you know, it's the"}, {"start": "00:00:32", "end": "00:00:36", "text": "charts, man. Respect the charts. Anyway,"}]

[{"start": "00:00:02", "end": "00:00:06", "text": "You're live on the internet, ladies and"}, {"start": "00:00:03", "end": "00:00:08", "text": "gentlemen. Welcome to the party. Oh, we"}, {"start": "00:00:06", "end": "00:00:11", "text": "got a lot to talk about today. A big big"}, {"start": "00:00:08", "end": "00:00:13", "text": "day for Bitcoin ETF inflows. We are so"}, {"start": "00:00:11", "end": "00:00:15", "text": "back, baby. It's good to see. Of course,"}, {"start": "00:00:13", "end": "00:00:17", "text": "Tom Lee's in the books again buying more"}, {"start": "00:00:15", "end": "00:00:18", "text": "Ethereum. Salana is pumping and my"}, {"start": "00:00:17", "end": "00:00:21", "text": "friend Adam Stokes is joining me in the"}, {"start": "00:00:18", "end": "00:00:23", "text": "second half of the show to talk coins."}, {"start": "00:00:21", "end": "00:00:24", "text": "So, it's always good time. Talk coins"}, {"start": "00:00:23", "end": "00:00:26", "text": "with the buddies, man. It's gonna be a"}, {"start": "00:00:24", "end": "00:00:28", "text": "good time. Welcome everybody to the"}, {"start": "00:00:26", "end": "00:00:29", "text": "chat. Let's get the heck straight into"}, {"start": "00:00:28", "end": "00:00:34", "text": "it because we got a lot to discuss today"}, {"start": "00:00:29", "end": "00:00:34", "text": "before we get in with Adam."}, {"start": "00:00:34", "end": "00:00:37", "text": "Let's go ahead and hop in here and talk"}, {"start": "00:00:36", "end": "00:00:39", "text": "some coins real quick and then we'll"}, {"start": "00:00:37", "end": "00:00:41", "text": "bring Adam on about um 15 minutes or so,"}, {"start": "00:00:39", "end": "00:00:42", "text": "something like that. Adam, I see you"}, {"start": "00:00:41", "end": "00:00:44", "text": "waiting there in the wings, man. Hang on"}, {"start": "00:00:42", "end": "00:00:45", "text": "for a few minutes. We'll be in about 15"}, {"start": "00:00:44", "end": "00:00:46", "text": "minutes with you. We're just going to"}, {"start": "00:00:45", "end": "00:00:48", "text": "cover a few things off in the market"}, {"start": "00:00:46", "end": "00:00:51", "text": "real quick and then we'll dive in for"}, {"start": "00:00:48", "end": "00:00:53", "text": "that. So,"}, {"start": "00:00:51", "end": "00:00:57", "text": "let's get into it, guys. Look at this."}, {"start": "00:00:53", "end": "00:01:01", "text": "Look at this. A billion dollar inflow"}, {"start": "00:00:57", "end": "00:01:04", "text": "day. A billion bucks. A billion b. What?"}, {"start": "00:01:01", "end": "00:01:06", "text": "What? Okay. Okay. Was 9999 million."}, {"start": "00:01:04", "end": "00:01:08", "text": "Somebody couldn't fork up the last"}, {"start": "00:01:06", "end": "00:01:09", "text": "million dollars to get us to the exact"}, {"start": "00:01:08", "end": "00:01:11", "text": "billion number. We're going to round up."}, {"start": "00:01:09", "end": "00:01:14", "text": "It's billion bucks. That's crazy, man."}, {"start": "00:01:11", "end": "00:01:17", "text": "Great great day of inflows for Bitcoin"}, {"start": "00:01:14", "end": "00:01:18", "text": "ETFs on a Monday in September. We love"}, {"start": "00:01:17", "end": "00:01:22", "text": "to see it. Of course, Friday last week"}, {"start": "00:01:18", "end": "00:01:24", "text": "had $433 million in inflows. Let's see"}, {"start": "00:01:22", "end": "00:01:25", "text": "how Wall Street goes for the rest of the"}, {"start": "00:01:24", "end": "00:01:27", "text": "week. if we can get more inflow days"}, {"start": "00:01:25", "end": "00:01:28", "text": "like this because this is extremely"}, {"start": "00:01:27", "end": "00:01:31", "text": "significant. Remember just a few months"}, {"start": "00:01:28", "end": "00:01:35", "text": "ago in June we had the record outflow"}, {"start": "00:01:31", "end": "00:01:38", "text": "month July August here we are September"}, {"start": "00:01:35", "end": "00:01:40", "text": "3 months later holy crap we have some"}, {"start": "00:01:38", "end": "00:01:42", "text": "serious money flowing into the market"}, {"start": "00:01:40", "end": "00:01:46", "text": "right now. Wall Street again loves"}, {"start": "00:01:42", "end": "00:01:48", "text": "Bitcoin and you love to see it. BTC had"}, {"start": "00:01:46", "end": "00:01:51", "text": "a beautiful breakout candle yesterday"}, {"start": "00:01:48", "end": "00:01:53", "text": "getting us back up above"}, {"start": "00:01:51", "end": "00:01:54", "text": "this orange line. This orange line here,"}, {"start": "00:01:53", "end": "00:01:56", "text": "of course, a very critical line because"}, {"start": "00:01:54", "end": "00:01:59", "text": "that was the resistance from the bare"}, {"start": "00:01:56", "end": "00:02:02", "text": "flag that sent us down to 57K. That was"}, {"start": "00:01:59", "end": "00:02:05", "text": "a brutal, brutal breakdown, but classic"}, {"start": "00:02:02", "end": "00:02:07", "text": "TA. Really, what is very interesting"}, {"start": "00:02:05", "end": "00:02:10", "text": "here for me is we smashed into this line"}, {"start": "00:02:07", "end": "00:02:12", "text": "three times back in August and then at"}, {"start": "00:02:10", "end": "00:02:14", "text": "the start of September. Rejected every"}, {"start": "00:02:12", "end": "00:02:15", "text": "single time, but we didn't have any real"}, {"start": "00:02:14", "end": "00:02:18", "text": "significant breakdown. Went back down to"}, {"start": "00:02:15", "end": "00:02:20", "text": "749, but that's not a crazy move by any"}, {"start": "00:02:18", "end": "00:02:22", "text": "means. Demand kept coming in. biders"}, {"start": "00:02:20", "end": "00:02:26", "text": "kept bidding on the Bitcoin which we"}, {"start": "00:02:22", "end": "00:02:29", "text": "love to see. Good."}, {"start": "00:02:26", "end": "00:02:31", "text": "Good. We like that. Question now is"}, {"start": "00:02:29", "end": "00:02:34", "text": "whether we can actually maintain above"}, {"start": "00:02:31", "end": "00:02:36", "text": "this uh box here. So this box is of"}, {"start": "00:02:34", "end": "00:02:38", "text": "course the previous"}, {"start": "00:02:36", "end": "00:02:41", "text": "uh"}, {"start": "00:02:38", "end": "00:02:44", "text": "high water mark for the downturn. So"}, {"start": "00:02:41", "end": "00:02:47", "text": "this was the lower high the last major"}, {"start": "00:02:44", "end": "00:02:49", "text": "lower high of the bare market. We have"}, {"start": "00:02:47", "end": "00:02:51", "text": "now pushed back above that creating a"}, {"start": "00:02:49", "end": "00:02:53", "text": "new uptrend of higher highs and higher"}, {"start": "00:02:51", "end": "00:02:55", "text": "lows. We like to see that. This is good."}, {"start": "00:02:53", "end": "00:02:57", "text": "This is very constructive for the charts"}, {"start": "00:02:55", "end": "00:03:00", "text": "right now. Jason saying, \"You're welcome"}, {"start": "00:02:57", "end": "00:03:01", "text": "day traders. 90% chance that the NASDAQ"}, {"start": "00:03:00", "end": "00:03:03", "text": "and the top a companies will beat"}, {"start": "00:03:01", "end": "00:03:05", "text": "Bitcoin over the next 12, 24, and 36"}, {"start": "00:03:03", "end": "00:03:07", "text": "months.\" That's what Grock said. Oh boy."}, {"start": "00:03:05", "end": "00:03:08", "text": "Bitcoin won't break its record high in"}, {"start": "00:03:07", "end": "00:03:14", "text": "the next 12 months. Sideways for a bit"}, {"start": "00:03:08", "end": "00:03:17", "text": "more, boys. Shut up, Jason. Boo. Boo."}, {"start": "00:03:14", "end": "00:03:19", "text": "Uh, look. Will Bitcoin break its high?"}, {"start": "00:03:17", "end": "00:03:21", "text": "It's only $40,000 away. It's a 50% move"}, {"start": "00:03:19", "end": "00:03:23", "text": "to get to a new all-time high for BTC."}, {"start": "00:03:21", "end": "00:03:25", "text": "It's not that crazy to think about, to"}, {"start": "00:03:23", "end": "00:03:26", "text": "be honest. So, let's see. I mean, Jason"}, {"start": "00:03:25", "end": "00:03:27", "text": "had a great call back in the day when he"}, {"start": "00:03:26", "end": "00:03:29", "text": "said, \"Hey, if you're in crypto, pivot"}, {"start": "00:03:27", "end": "00:03:31", "text": "AI.\" Because, well, the AI trade was"}, {"start": "00:03:29", "end": "00:03:33", "text": "fantastic. The problem is that not a lot"}, {"start": "00:03:31", "end": "00:03:34", "text": "of the greatest AI trades, OpenAI,"}, {"start": "00:03:33", "end": "00:03:36", "text": "Anthropic, and stuff like that were open"}, {"start": "00:03:34", "end": "00:03:38", "text": "to the public. They were all gated to"}, {"start": "00:03:36", "end": "00:03:40", "text": "people like Jason, which hey, fair play,"}, {"start": "00:03:38", "end": "00:03:43", "text": "man. I would have invested in Anthropic"}, {"start": "00:03:40", "end": "00:03:46", "text": "at a $2 billion valuation or whatever as"}, {"start": "00:03:43", "end": "00:03:47", "text": "well, but it was not open for me or you."}, {"start": "00:03:46", "end": "00:03:48", "text": "Now, you could have bought some of the"}, {"start": "00:03:47", "end": "00:03:48", "text": "big names. You could have bought Nvidia"}, {"start": "00:03:48", "end": "00:03:50", "text": "and stuff back then. He would"}, {"start": "00:03:48", "end": "00:03:54", "text": "outperformed Bitcoin over the last few"}, {"start": "00:03:50", "end": "00:03:56", "text": "years by certain. Perhaps it's Bitcoin's"}, {"start": "00:03:54", "end": "00:03:59", "text": "time though. We shall see how well this"}, {"start": "00:03:56", "end": "00:04:00", "text": "tweet ages. Solid Tequila says, \"You"}, {"start": "00:03:59", "end": "00:04:02", "text": "don't understand how strong this market"}, {"start": "00:04:00", "end": "00:04:04", "text": "is. Sailor dumped nine figures of coins."}, {"start": "00:04:02", "end": "00:04:06", "text": "The cold card hack. The clarity act"}, {"start": "00:04:04", "end": "00:04:09", "text": "denied. Rate hikes happened. Meanwhile,"}, {"start": "00:04:06", "end": "00:04:10", "text": "went from 60k to 87. Cappo is out here"}, {"start": "00:04:09", "end": "00:04:12", "text": "shouting bull trap sideliners are"}, {"start": "00:04:10", "end": "00:04:14", "text": "seething sailor barely bought back"}, {"start": "00:04:12", "end": "00:04:16", "text": "anything. Dips are for buying. Yes,"}, {"start": "00:04:14", "end": "00:04:18", "text": "salsa tequila. I agree ma'am. Our"}, {"start": "00:04:16", "end": "00:04:20", "text": "Bitcoin and Ethereum longs are both"}, {"start": "00:04:18", "end": "00:04:22", "text": "doing well right now. Of course, we had"}, {"start": "00:04:20", "end": "00:04:25", "text": "the trigger trades open late last week."}, {"start": "00:04:22", "end": "00:04:27", "text": "We shared those exact setups with you"}, {"start": "00:04:25", "end": "00:04:28", "text": "here on the channel. Hoping you guys got"}, {"start": "00:04:27", "end": "00:04:30", "text": "into these trades well. And of course,"}, {"start": "00:04:28", "end": "00:04:31", "text": "our pump fund trade got stopped out. I"}, {"start": "00:04:30", "end": "00:04:33", "text": "was a little too conservative with my"}, {"start": "00:04:31", "end": "00:04:34", "text": "stop loss on that one. Is now pumping as"}, {"start": "00:04:33", "end": "00:04:36", "text": "well. Missed out on that. It's fine. You"}, {"start": "00:04:34", "end": "00:04:38", "text": "can't catch every trade. That's a stop"}, {"start": "00:04:36", "end": "00:04:40", "text": "loss of four to minimize your downside"}, {"start": "00:04:38", "end": "00:04:41", "text": "and of course hopefully catch decent"}, {"start": "00:04:40", "end": "00:04:43", "text": "upside when it happens. We got the"}, {"start": "00:04:41", "end": "00:04:46", "text": "breakouts on Bitcoin and Ethereum with"}, {"start": "00:04:43", "end": "00:04:48", "text": "wellargeted trigger orders to go when we"}, {"start": "00:04:46", "end": "00:04:50", "text": "broke out above"}, {"start": "00:04:48", "end": "00:04:51", "text": "the descending resistance lines. That's"}, {"start": "00:04:50", "end": "00:04:53", "text": "what we got for both Ethereum and"}, {"start": "00:04:51", "end": "00:04:56", "text": "Bitcoin. Have not moved the stops on"}, {"start": "00:04:53", "end": "00:05:00", "text": "these up to break even yet. Targets"}, {"start": "00:04:56", "end": "00:05:02", "text": "remain $3,000 for Ethereum, 90,000 for"}, {"start": "00:05:00", "end": "00:05:04", "text": "Bitcoin. They'll be nice juicy trades if"}, {"start": "00:05:02", "end": "00:05:05", "text": "we can hit those take profits on them."}, {"start": "00:05:04", "end": "00:05:07", "text": "Now, if you want to join trading over"}, {"start": "00:05:05", "end": "00:05:10", "text": "bits, go to the link down below."}, {"start": "00:05:07", "end": "00:05:11", "text": "You can win $1,000. We give away $1,000"}, {"start": "00:05:10", "end": "00:05:12", "text": "five days a week, Monday to Friday."}, {"start": "00:05:11", "end": "00:05:14", "text": "During the live streams, we're giving"}, {"start": "00:05:12", "end": "00:05:16", "text": "away a,000 buckaroonies. If you want to"}, {"start": "00:05:14", "end": "00:05:19", "text": "be in to win,"}, {"start": "00:05:16", "end": "00:05:21", "text": "you got to be in. Link down below. Sign"}, {"start": "00:05:19", "end": "00:05:23", "text": "up to make Unix. Deposit your USDT, make"}, {"start": "00:05:21", "end": "00:05:24", "text": "a trade or two, and you're going to be"}, {"start": "00:05:23", "end": "00:05:27", "text": "in to win a,000 bucks. It's really that"}, {"start": "00:05:24", "end": "00:05:28", "text": "simple, man. Habhotmail.com just won"}, {"start": "00:05:27", "end": "00:05:31", "text": "$1,000 right now. You just watched it"}, {"start": "00:05:28", "end": "00:05:33", "text": "happen. 1,000 bucks. Boom. Enjoy it on"}, {"start": "00:05:31", "end": "00:05:35", "text": "Bit Unix available to everyone"}, {"start": "00:05:33", "end": "00:05:37", "text": "everywhere. Guess what you can trade?"}, {"start": "00:05:35", "end": "00:05:39", "text": "You can trade crypto, all your favorite"}, {"start": "00:05:37", "end": "00:05:41", "text": "coins. They got you covered, your XRP,"}, {"start": "00:05:39", "end": "00:05:43", "text": "your salon, your Bitcoin. They got it."}, {"start": "00:05:41", "end": "00:05:47", "text": "They got gold. They got silver. They got"}, {"start": "00:05:43", "end": "00:05:50", "text": "oil. Trade the oil markets. You trade"}, {"start": "00:05:47", "end": "00:05:51", "text": "stocks, Tesla, metal, Amazon strategy,"}, {"start": "00:05:50", "end": "00:05:53", "text": "they got you covered, ma'am. You can"}, {"start": "00:05:51", "end": "00:05:54", "text": "trade all that stuff on native crypto"}, {"start": "00:05:53", "end": "00:05:57", "text": "rails means all you have to do is"}, {"start": "00:05:54", "end": "00:06:00", "text": "deposit your USDT and start trading."}, {"start": "00:05:57", "end": "00:06:03", "text": "Link down below. be in to win our daily"}, {"start": "00:06:00", "end": "00:06:05", "text": "thousand giveaway. It's that simple. Go"}, {"start": "00:06:03", "end": "00:06:07", "text": "check it out."}, {"start": "00:06:05", "end": "00:06:09", "text": "Perspell posted this. Salana has"}, {"start": "00:06:07", "end": "00:06:11", "text": "surpassed the New York Stock Exchange in"}, {"start": "00:06:09", "end": "00:06:13", "text": "weekly trades will being a distributed"}, {"start": "00:06:11", "end": "00:06:15", "text": "system is an engineering marvel. That's"}, {"start": "00:06:13", "end": "00:06:16", "text": "crazy, man. Last week, a blockchain"}, {"start": "00:06:15", "end": "00:06:18", "text": "surpassed New York Stock Exchange and"}, {"start": "00:06:16", "end": "00:06:20", "text": "weekly trades for first time ever."}, {"start": "00:06:18", "end": "00:06:23", "text": "Salana did 28 million trades. New York"}, {"start": "00:06:20", "end": "00:06:25", "text": "Stock Exchange at 189 million. Yeah, but"}, {"start": "00:06:23", "end": "00:06:26", "text": "keep fading Salana. Oh, Salana's just"}, {"start": "00:06:25", "end": "00:06:30", "text": "trash from memecoins. It's going to"}, {"start": "00:06:26", "end": "00:06:32", "text": "zero. Shut up."}, {"start": "00:06:30", "end": "00:06:34", "text": "Now, Salana has had a great move, great"}, {"start": "00:06:32", "end": "00:06:37", "text": "move, beautiful bounce off the 20-day"}, {"start": "00:06:34", "end": "00:06:39", "text": "EMA right down here. Was very juicy,"}, {"start": "00:06:37", "end": "00:06:41", "text": "great breakout, beautiful technical"}, {"start": "00:06:39", "end": "00:06:42", "text": "retest on any given uptrend for an"}, {"start": "00:06:41", "end": "00:06:44", "text": "asset. You're going to have a retest of"}, {"start": "00:06:42", "end": "00:06:47", "text": "the 20-day EMA five, six, seven, eight"}, {"start": "00:06:44", "end": "00:06:48", "text": "times. They're usually for buying until"}, {"start": "00:06:47", "end": "00:06:50", "text": "the trend changes, until we have a"}, {"start": "00:06:48", "end": "00:06:53", "text": "decisive loss of the 20-day EMA, which"}, {"start": "00:06:50", "end": "00:06:54", "text": "has not happened yet. Now, we have come"}, {"start": "00:06:53", "end": "00:06:56", "text": "up to a very interesting zone right"}, {"start": "00:06:54", "end": "00:06:59", "text": "here. Currently, Salon is trading at"}, {"start": "00:06:56", "end": "00:07:01", "text": "about 117. So, it's pushed right up here"}, {"start": "00:06:59", "end": "00:07:04", "text": "and it is now right back to this"}, {"start": "00:07:01", "end": "00:07:07", "text": "previous area of price support from uh"}, {"start": "00:07:04", "end": "00:07:09", "text": "December 25. Sort of about two months we"}, {"start": "00:07:07", "end": "00:07:13", "text": "set had there as support for this key"}, {"start": "00:07:09", "end": "00:07:16", "text": "117 120 area. So, that's the next big"}, {"start": "00:07:13", "end": "00:07:18", "text": "boss for Salana to overcome. But, we are"}, {"start": "00:07:16", "end": "00:07:21", "text": "in an uptrend. We are back up over the"}, {"start": "00:07:18", "end": "00:07:22", "text": "lower high back here. Of course, we've"}, {"start": "00:07:21", "end": "00:07:24", "text": "been probably really in an uptrend since"}, {"start": "00:07:22", "end": "00:07:27", "text": "this lower high here, probably."}, {"start": "00:07:24", "end": "00:07:29", "text": "Regardless, nice move here on Salana."}, {"start": "00:07:27", "end": "00:07:31", "text": "This is the next area to watch for. A"}, {"start": "00:07:29", "end": "00:07:34", "text": "nice little bull flag in this area."}, {"start": "00:07:31", "end": "00:07:35", "text": "It'll be something constructive to see."}, {"start": "00:07:34", "end": "00:07:39", "text": "We'll see how the next few days play out"}, {"start": "00:07:35", "end": "00:07:41", "text": "here for Salana. But man, I stocked a"}, {"start": "00:07:39", "end": "00:07:44", "text": "lot of uh Salana underneath this orange"}, {"start": "00:07:41", "end": "00:07:46", "text": "line right here. So,"}, {"start": "00:07:44", "end": "00:07:49", "text": "nice to see it finally starting to move"}, {"start": "00:07:46", "end": "00:07:51", "text": "again. Love it. Pump fun. Well, my trade"}, {"start": "00:07:49", "end": "00:07:52", "text": "thesis is working out fantastically, but"}, {"start": "00:07:51", "end": "00:07:55", "text": "I got stopped out of the short-term"}, {"start": "00:07:52", "end": "00:07:56", "text": "trade. But my spot bags are loving the"}, {"start": "00:07:55", "end": "00:07:58", "text": "current price action on Pump. Pump is"}, {"start": "00:07:56", "end": "00:08:00", "text": "one of those really hated assets in"}, {"start": "00:07:58", "end": "00:08:03", "text": "crypto, but the fundamentals of it do"}, {"start": "00:08:00", "end": "00:08:06", "text": "not lie. Very aggressive daily buybacks"}, {"start": "00:08:03", "end": "00:08:08", "text": "and one of the most dominant platforms"}, {"start": "00:08:06", "end": "00:08:10", "text": "for meme coin launches. And they keep"}, {"start": "00:08:08", "end": "00:08:11", "text": "rolling out new product releases all the"}, {"start": "00:08:10", "end": "00:08:14", "text": "time to keep competitive with the"}, {"start": "00:08:11", "end": "00:08:15", "text": "market. So, I think this thing reprices"}, {"start": "00:08:14", "end": "00:08:17", "text": "dramatically higher at some point,"}, {"start": "00:08:15", "end": "00:08:18", "text": "holding the spot bags until that"}, {"start": "00:08:17", "end": "00:08:21", "text": "happens."}, {"start": "00:08:18", "end": "00:08:26", "text": "Tom Lee is back in the books, guys. He's"}, {"start": "00:08:21", "end": "00:08:27", "text": "buying. Cheers, Tom. Thanks."}, {"start": "00:08:26", "end": "00:08:30", "text": "Appreciate it, man. Someone's got to buy"}, {"start": "00:08:27", "end": "00:08:32", "text": "Ethereum. Might as well be you. About"}, {"start": "00:08:30", "end": "00:08:34", "text": "another 12,500 Ethereum. He's got to be"}, {"start": "00:08:32", "end": "00:08:37", "text": "almost to his 5% target of acquiring 5%"}, {"start": "00:08:34", "end": "00:08:38", "text": "of the supply. Crazy conviction, man."}, {"start": "00:08:37", "end": "00:08:41", "text": "I'm telling you, when this guy is on the"}, {"start": "00:08:38", "end": "00:08:45", "text": "cover of Time magazine as a genius, Bit"}, {"start": "00:08:41", "end": "00:08:47", "text": "Mine's going to be at $500, $1,000 a"}, {"start": "00:08:45", "end": "00:08:50", "text": "share, whatever. ETH's going to be at"}, {"start": "00:08:47", "end": "00:08:53", "text": "10K, 12K, whatever. That is when you get"}, {"start": "00:08:50", "end": "00:08:55", "text": "the heck out of the market. When Tom Lee"}, {"start": "00:08:53", "end": "00:08:57", "text": "in relation to Ethereum is on the cover"}, {"start": "00:08:55", "end": "00:08:59", "text": "of Time magazine as the cryptogenius,"}, {"start": "00:08:57", "end": "00:09:01", "text": "you got to get out of the markets, guys."}, {"start": "00:08:59", "end": "00:09:05", "text": "It's going to be a brutal one. Cryptoica"}, {"start": "00:09:01", "end": "00:09:06", "text": "says, \"Uh, you want a funeral? ETH chart"}, {"start": "00:09:05", "end": "00:09:08", "text": "is building a comeback. ETH doesn't need"}, {"start": "00:09:06", "end": "00:09:10", "text": "believers here. It only needs one"}, {"start": "00:09:08", "end": "00:09:12", "text": "breakout to make disbelief expensive.\""}, {"start": "00:09:10", "end": "00:09:15", "text": "You can see, of course, the fractal"}, {"start": "00:09:12", "end": "00:09:17", "text": "paying out from uh 2016 all the way into"}, {"start": "00:09:15", "end": "00:09:19", "text": "2020 with that big breakout that came."}, {"start": "00:09:17", "end": "00:09:20", "text": "Well, we're at the bottom of that right"}, {"start": "00:09:19", "end": "00:09:24", "text": "now. The big breakout's going to be over"}, {"start": "00:09:20", "end": "00:09:26", "text": "5K when it goes from 5 to 15 like"}, {"start": "00:09:24", "end": "00:09:28", "text": "happened back here in a very short"}, {"start": "00:09:26", "end": "00:09:31", "text": "amount of time."}, {"start": "00:09:28", "end": "00:09:33", "text": "ETH has been dead for a while. ETH has"}, {"start": "00:09:31", "end": "00:09:34", "text": "been hated for a while and the ETH"}, {"start": "00:09:33", "end": "00:09:36", "text": "comeback is probably going to leave a"}, {"start": "00:09:34", "end": "00:09:39", "text": "lot of people in disbelief. Now, I have"}, {"start": "00:09:36", "end": "00:09:42", "text": "been taking a bit of my ETH off the"}, {"start": "00:09:39", "end": "00:09:45", "text": "table to ape into, you know, Robin Hood"}, {"start": "00:09:42", "end": "00:09:47", "text": "chain stuff and Salana chain stuff like"}, {"start": "00:09:45", "end": "00:09:48", "text": "Stonk Fun, but I'm going to keep a"}, {"start": "00:09:47", "end": "00:09:50", "text": "little bit of that ETH. You know, I'm"}, {"start": "00:09:48", "end": "00:09:52", "text": "not I'm not going to ride ETH the whole"}, {"start": "00:09:50", "end": "00:09:54", "text": "way here. I feel like there's other"}, {"start": "00:09:52", "end": "00:09:56", "text": "things that provide better returns in"}, {"start": "00:09:54", "end": "00:09:57", "text": "the same time period, but I'll keep a"}, {"start": "00:09:56", "end": "00:09:59", "text": "little ETH because I just I want to be"}, {"start": "00:09:57", "end": "00:10:00", "text": "right. I want to ride it, man. And I"}, {"start": "00:09:59", "end": "00:10:02", "text": "want to be right. That's where we're"}, {"start": "00:10:00", "end": "00:10:05", "text": "going to go. ETH also breaking out of"}, {"start": "00:10:02", "end": "00:10:07", "text": "course above 2550 the other day. Again,"}, {"start": "00:10:05", "end": "00:10:09", "text": "that was our trigger long for this"}, {"start": "00:10:07", "end": "00:10:12", "text": "trade. Had a nice move up all the way up"}, {"start": "00:10:09", "end": "00:10:14", "text": "to 2,800 bucks yesterday. Currently"}, {"start": "00:10:12", "end": "00:10:17", "text": "consolidating a little bit. 3K remains"}, {"start": "00:10:14", "end": "00:10:19", "text": "the target for this trade."}, {"start": "00:10:17", "end": "00:10:23", "text": "BMR Bulls posted this tough day at the"}, {"start": "00:10:19", "end": "00:10:25", "text": "office for Bit Mine Bears. BMR up 8%"}, {"start": "00:10:23", "end": "00:10:28", "text": "back with $28. Tom Lee will have the"}, {"start": "00:10:25", "end": "00:10:30", "text": "last laugh probably. So, man, we got a"}, {"start": "00:10:28", "end": "00:10:31", "text": "long way to go. Look, this is the weekly"}, {"start": "00:10:30", "end": "00:10:35", "text": "chart on this. Look at how crazy this"}, {"start": "00:10:31", "end": "00:10:37", "text": "is. The 200w week EMA. This is because"}, {"start": "00:10:35", "end": "00:10:39", "text": "Bitmine's an old company. It's an old"}, {"start": "00:10:37", "end": "00:10:41", "text": "company that was an extremely dead"}, {"start": "00:10:39", "end": "00:10:44", "text": "company for a very long amount of time."}, {"start": "00:10:41", "end": "00:10:47", "text": "So all the way back here to 1998,"}, {"start": "00:10:44", "end": "00:10:48", "text": "just so you understand. Okay, this is"}, {"start": "00:10:47", "end": "00:10:50", "text": "the 200 week. Look at this. It's so"}, {"start": "00:10:48", "end": "00:10:51", "text": "distorted. It's all the way up to"}, {"start": "00:10:50", "end": "00:10:53", "text": "$3,000."}, {"start": "00:10:51", "end": "00:10:55", "text": "I really don't know if we get to the"}, {"start": "00:10:53", "end": "00:10:57", "text": "200E week EMA on this bad boy. But you"}, {"start": "00:10:55", "end": "00:10:59", "text": "know what? I don't need the 200E EMA. I"}, {"start": "00:10:57", "end": "00:11:02", "text": "just need like a thousand"}, {"start": "00:10:59", "end": "00:11:05", "text": "dollar. So that would be great. That"}, {"start": "00:11:02", "end": "00:11:08", "text": "would be fantastic."}, {"start": "00:11:05", "end": "00:11:12", "text": "Crypto uh finance Broki says, \"Bit mine"}, {"start": "00:11:08", "end": "00:11:15", "text": "going to $100 a share, man. If if"}, {"start": "00:11:12", "end": "00:11:17", "text": "Ethereum pumps to 10K, which is, you"}, {"start": "00:11:15", "end": "00:11:19", "text": "know, people don't even want to talk"}, {"start": "00:11:17", "end": "00:11:22", "text": "about you're you're you're you're"}, {"start": "00:11:19", "end": "00:11:25", "text": "publicly uh tred and feathered for even"}, {"start": "00:11:22", "end": "00:11:28", "text": "discussing the possibility.\" But if we"}, {"start": "00:11:25", "end": "00:11:31", "text": "get that happening, BMR reprices"}, {"start": "00:11:28", "end": "00:11:33", "text": "dramatically higher in my opinion."}, {"start": "00:11:31", "end": "00:11:36", "text": "Speaking of stocks, oh boy, look at this"}, {"start": "00:11:33", "end": "00:11:39", "text": "man. We had a huge breakout on the"}, {"start": "00:11:36", "end": "00:11:40", "text": "NASDAQ yesterday. Beautiful big fat"}, {"start": "00:11:39", "end": "00:11:41", "text": "green candid. We were talking about the"}, {"start": "00:11:40", "end": "00:11:44", "text": "NASDAQ premarkets yesterday. We were"}, {"start": "00:11:41", "end": "00:11:47", "text": "just down here at 728. We closed the day"}, {"start": "00:11:44", "end": "00:11:49", "text": "at 741. The world doesn't care about a"}, {"start": "00:11:47", "end": "00:11:51", "text": "diesel crisis. No World War II,"}, {"start": "00:11:49", "end": "00:11:53", "text": "everything blowing up. Whatever."}, {"start": "00:11:51", "end": "00:11:54", "text": "Houthies. Who cares about the Houthies,"}, {"start": "00:11:53", "end": "00:11:57", "text": "man? Did you see the NASDAQ? Did you see"}, {"start": "00:11:54", "end": "00:11:59", "text": "what the QQQ is doing right now? It is"}, {"start": "00:11:57", "end": "00:12:01", "text": "going higher. Now, pre-market showing"}, {"start": "00:11:59", "end": "00:12:02", "text": "opening right at the yesterday close"}, {"start": "00:12:01", "end": "00:12:06", "text": "currently. So, a little bit of momentum"}, {"start": "00:12:02", "end": "00:12:07", "text": "fading, but this resistance line here is"}, {"start": "00:12:06", "end": "00:12:10", "text": "an incredibly uh important line. It's"}, {"start": "00:12:07", "end": "00:12:12", "text": "obviously been since June. So, we had"}, {"start": "00:12:10", "end": "00:12:13", "text": "three months of consolidation here,"}, {"start": "00:12:12", "end": "00:12:15", "text": "which is a very healthy thing. It's had"}, {"start": "00:12:13", "end": "00:12:17", "text": "a very strong parabolic move, not"}, {"start": "00:12:15", "end": "00:12:21", "text": "parabolic, but a very strong impulsive"}, {"start": "00:12:17", "end": "00:12:23", "text": "move, let's say, for uh the QQQ from the"}, {"start": "00:12:21", "end": "00:12:25", "text": "lows of March here. huge rally, crazy"}, {"start": "00:12:23", "end": "00:12:26", "text": "rally. We're sitting there in our"}, {"start": "00:12:25", "end": "00:12:28", "text": "Bitcoin bags going, \"Why won't Bitcoin"}, {"start": "00:12:26", "end": "00:12:30", "text": "do anything?\" Well, NASDAQ's breaking"}, {"start": "00:12:28", "end": "00:12:31", "text": "out, too. But also, crypto's breaking"}, {"start": "00:12:30", "end": "00:12:35", "text": "out. People are believing again in the"}, {"start": "00:12:31", "end": "00:12:36", "text": "coins, which we like to see. So, this"}, {"start": "00:12:35", "end": "00:12:38", "text": "has pretty big implications. This is"}, {"start": "00:12:36", "end": "00:12:42", "text": "going to send if from a chart"}, {"start": "00:12:38", "end": "00:12:43", "text": "perspective, this sends the QQQ up well"}, {"start": "00:12:42", "end": "00:12:45", "text": "pretty dramatically. I'm not going to do"}, {"start": "00:12:43", "end": "00:12:47", "text": "too crazy of a move here because, you"}, {"start": "00:12:45", "end": "00:12:50", "text": "know, it's a pretty fat chart here, but"}, {"start": "00:12:47", "end": "00:12:52", "text": "um over 800 anyway, let's say on this"}, {"start": "00:12:50", "end": "00:12:55", "text": "move potentially up to like 850 or"}, {"start": "00:12:52", "end": "00:12:59", "text": "something like that. Marathon. Yo,"}, {"start": "00:12:55", "end": "00:13:01", "text": "Marathon, what is up? Nice. Now, I've"}, {"start": "00:12:59", "end": "00:13:04", "text": "got Marathon put into the compass here."}, {"start": "00:13:01", "end": "00:13:06", "text": "Of course, if you are an inner circle"}, {"start": "00:13:04", "end": "00:13:08", "text": "member, you have access to these tools."}, {"start": "00:13:06", "end": "00:13:09", "text": "There is a link down below where you can"}, {"start": "00:13:08", "end": "00:13:11", "text": "join the inner circle. You get a 7-day"}, {"start": "00:13:09", "end": "00:13:14", "text": "free trial. you get access to our"}, {"start": "00:13:11", "end": "00:13:17", "text": "compass tool which for example called"}, {"start": "00:13:14", "end": "00:13:20", "text": "the flip on Bitcoin at 64K. It put in"}, {"start": "00:13:17", "end": "00:13:24", "text": "the buy signal at 64K. Bitcoin of course"}, {"start": "00:13:20", "end": "00:13:26", "text": "now at mid $80,000. Not too bad. Well,"}, {"start": "00:13:24", "end": "00:13:29", "text": "guess what? We actually had a flip for"}, {"start": "00:13:26", "end": "00:13:31", "text": "marathon just a few days ago. So, right"}, {"start": "00:13:29", "end": "00:13:33", "text": "here on the 21st of August, we had a"}, {"start": "00:13:31", "end": "00:13:34", "text": "bull flip come in. Now, it hasn't moved"}, {"start": "00:13:33", "end": "00:13:38", "text": "too much in price since then. The bull"}, {"start": "00:13:34", "end": "00:13:40", "text": "flip came in at around $11.30."}, {"start": "00:13:38", "end": "00:13:43", "text": "Current price is $13."}, {"start": "00:13:40", "end": "00:13:47", "text": "This is one of those stories in waiting"}, {"start": "00:13:43", "end": "00:13:50", "text": "because Marathon is now a NeoCloud"}, {"start": "00:13:47", "end": "00:13:52", "text": "provider. They've got big deals. They're"}, {"start": "00:13:50", "end": "00:13:55", "text": "probably going to sign big partners soon"}, {"start": "00:13:52", "end": "00:13:57", "text": "and the market will eventually repric it"}, {"start": "00:13:55", "end": "00:13:58", "text": "as such. Especially when we start seeing"}, {"start": "00:13:57", "end": "00:14:00", "text": "the Neoclouds all run again. You know,"}, {"start": "00:13:58", "end": "00:14:01", "text": "Coreweave and Iron Energy and all that"}, {"start": "00:14:00", "end": "00:14:04", "text": "kind of stuff. When those start running"}, {"start": "00:14:01", "end": "00:14:05", "text": "again, my suspicion is that this is"}, {"start": "00:14:04", "end": "00:14:06", "text": "going to run as well because people are"}, {"start": "00:14:05", "end": "00:14:07", "text": "still pricing it just like a Bitcoin"}, {"start": "00:14:06", "end": "00:14:09", "text": "miner. And even for pricing like the"}, {"start": "00:14:07", "end": "00:14:11", "text": "Bitcoin miners are still doing Bitcoin"}, {"start": "00:14:09", "end": "00:14:13", "text": "mining. If Bitcoin runs, it's good for"}, {"start": "00:14:11", "end": "00:14:17", "text": "marathon. If Neoclouds run, it's good"}, {"start": "00:14:13", "end": "00:14:19", "text": "for marathon. It wins either way. So,"}, {"start": "00:14:17", "end": "00:14:22", "text": "I've got a decent sized bag of this"}, {"start": "00:14:19", "end": "00:14:23", "text": "holding that bag."}, {"start": "00:14:22", "end": "00:14:26", "text": "Maybe we can actually get some run in"}, {"start": "00:14:23", "end": "00:14:28", "text": "this sucker now. It would be nice to see"}, {"start": "00:14:26", "end": "00:14:31", "text": "anyway. So, we'll see how see if that"}, {"start": "00:14:28", "end": "00:14:35", "text": "plays out or not. Anyway, there's your"}, {"start": "00:14:31", "end": "00:14:36", "text": "quick update on the markets, guys."}, {"start": "00:14:35", "end": "00:14:38", "text": "Have a little bit of coffee here. Trying"}, {"start": "00:14:36", "end": "00:14:40", "text": "not to spill it on myself today. Geez"}, {"start": "00:14:38", "end": "00:14:42", "text": "Louise. It was fun last week. Let's"}, {"start": "00:14:40", "end": "00:14:44", "text": "bring Let's bring Adam on here. Talk"}, {"start": "00:14:42", "end": "00:14:46", "text": "some coins."}, {"start": "00:14:44", "end": "00:14:48", "text": "Adam, what's up, L? What a pleasure."}, {"start": "00:14:46", "end": "00:14:50", "text": "Good to see you, brother. Happy green"}, {"start": "00:14:48", "end": "00:14:52", "text": "day. Yeah, it's nice to see you in the"}, {"start": "00:14:50", "end": "00:14:53", "text": "market, guys. This is Adam. In case you"}, {"start": "00:14:52", "end": "00:14:56", "text": "don't know Adam, there's a link down"}, {"start": "00:14:53", "end": "00:14:58", "text": "below in the YouTube description or you"}, {"start": "00:14:56", "end": "00:15:00", "text": "can find him in the X. You guys are"}, {"start": "00:14:58", "end": "00:15:03", "text": "watching on X, you see his um profile"}, {"start": "00:15:00", "end": "00:15:04", "text": "name there. Go give him a follow. Adam"}, {"start": "00:15:03", "end": "00:15:06", "text": "and I have been friends for a long I"}, {"start": "00:15:04", "end": "00:15:10", "text": "think we first met back in like I want"}, {"start": "00:15:06", "end": "00:15:12", "text": "to say like 2019 in Sydney at some some"}, {"start": "00:15:10", "end": "00:15:14", "text": "crypto meetup man. Oh, those were good"}, {"start": "00:15:12", "end": "00:15:16", "text": "times back then and how far we have come"}, {"start": "00:15:14", "end": "00:15:17", "text": "since then. It's crazy."}, {"start": "00:15:16", "end": "00:15:18", "text": ">> Good times, my friend. Yeah. And can you"}, {"start": "00:15:17", "end": "00:15:20", "text": "see that we've broken a couple of"}, {"start": "00:15:18", "end": "00:15:23", "text": "records today? Well, not records, but"}, {"start": "00:15:20", "end": "00:15:26", "text": "we've broken into extreme greed and we"}, {"start": "00:15:23", "end": "00:15:30", "text": "haven't seen that since May last year."}, {"start": "00:15:26", "end": "00:15:31", "text": "And we've also broken into flipping uh"}, {"start": "00:15:30", "end": "00:15:33", "text": "Asadi or MCO. So, we're now again higher"}, {"start": "00:15:31", "end": "00:15:35", "text": "than any oil stock everywhere. So you"}, {"start": "00:15:33", "end": "00:15:38", "text": "and I have been on a journey, a roller"}, {"start": "00:15:35", "end": "00:15:40", "text": "coaster ride in different parts of the"}, {"start": "00:15:38", "end": "00:15:41", "text": "world in Sydney a couple of times. I"}, {"start": "00:15:40", "end": "00:15:43", "text": "should get over and see you in Dubai."}, {"start": "00:15:41", "end": "00:15:45", "text": "But thanks for having me on tonight."}, {"start": "00:15:43", "end": "00:15:47", "text": "What a pleasure. Welcome back to the"}, {"start": "00:15:45", "end": "00:15:49", "text": "channel. It's been a while, ma'am. It's"}, {"start": "00:15:47", "end": "00:15:51", "text": "been a while. Now, here's an interesting"}, {"start": "00:15:49", "end": "00:15:52", "text": "thought for you, Adam. So, we're seeing"}, {"start": "00:15:51", "end": "00:15:53", "text": "the markets doing what they're doing."}, {"start": "00:15:52", "end": "00:15:55", "text": "You know, you got your portfolio, you"}, {"start": "00:15:53", "end": "00:15:56", "text": "got your bags. What are you thinking"}, {"start": "00:15:55", "end": "00:15:58", "text": "about Bitcoin right now? What's like a"}, {"start": "00:15:56", "end": "00:15:59", "text": "price target in your mind where you're"}, {"start": "00:15:58", "end": "00:16:01", "text": "going to say, you know what, I'm going"}, {"start": "00:15:59", "end": "00:16:03", "text": "to take some of this off the table?"}, {"start": "00:16:01", "end": "00:16:05", "text": ">> Oh, the tough one. Okay. Okay. So, I put"}, {"start": "00:16:03", "end": "00:16:07", "text": "a price forecast in over a year ago for"}, {"start": "00:16:05", "end": "00:16:09", "text": "$1475,000"}, {"start": "00:16:07", "end": "00:16:10", "text": "at the bottom. What we can see now, if"}, {"start": "00:16:09", "end": "00:16:13", "text": "you actually bring up um if you want to"}, {"start": "00:16:10", "end": "00:16:14", "text": "on the technicals, we had a beautiful uh"}, {"start": "00:16:13", "end": "00:16:16", "text": "cup and handle form and the measured"}, {"start": "00:16:14", "end": "00:16:18", "text": "move on the cup and handle will bring us"}, {"start": "00:16:16", "end": "00:16:20", "text": "to around $98,000"}, {"start": "00:16:18", "end": "00:16:21", "text": "in this breakout. If we want to go on"}, {"start": "00:16:20", "end": "00:16:23", "text": "the technicals, if we're looking at the"}, {"start": "00:16:21", "end": "00:16:25", "text": "macro, the real question is, you know,"}, {"start": "00:16:23", "end": "00:16:26", "text": "does the four-ear cycle exist? Well, it"}, {"start": "00:16:25", "end": "00:16:28", "text": "depends who you ask, and it's a hot"}, {"start": "00:16:26", "end": "00:16:29", "text": "debate. But to answer your question"}, {"start": "00:16:28", "end": "00:16:31", "text": "specifically,"}, {"start": "00:16:29", "end": "00:16:33", "text": "look, as long as I keep printing this"}, {"start": "00:16:31", "end": "00:16:36", "text": "worthless fiat, there there really is no"}, {"start": "00:16:33", "end": "00:16:38", "text": "top to Bitcoin so long as the dollar has"}, {"start": "00:16:36", "end": "00:16:40", "text": "no bottom. But where do I take some"}, {"start": "00:16:38", "end": "00:16:43", "text": "profits? Look, I I'm now at this journey"}, {"start": "00:16:40", "end": "00:16:46", "text": "in my crypto timeline, if you will. Is"}, {"start": "00:16:43", "end": "00:16:48", "text": "that I don't need to sell Bitcoin now. I"}, {"start": "00:16:46", "end": "00:16:50", "text": "I love Bitcoin as my blue chip share, as"}, {"start": "00:16:48", "end": "00:16:51", "text": "my, if you will, my super or my pension"}, {"start": "00:16:50", "end": "00:16:54", "text": "fund that I just dollar cost average it"}, {"start": "00:16:51", "end": "00:16:56", "text": "to in the background. And then I've got"}, {"start": "00:16:54", "end": "00:16:57", "text": "all these alts, the alt casino, which is"}, {"start": "00:16:56", "end": "00:16:58", "text": "just so much fun. Now, of course, many"}, {"start": "00:16:57", "end": "00:17:00", "text": "people get angry at the alts, but I'm"}, {"start": "00:16:58", "end": "00:17:02", "text": "just like, well, hey, look, as long as"}, {"start": "00:17:00", "end": "00:17:04", "text": "you know what it is. Bitcoin is the Mac"}, {"start": "00:17:02", "end": "00:17:05", "text": "Daddy. That's your blue chip share. It"}, {"start": "00:17:04", "end": "00:17:06", "text": "looks like Ethereum is moving there as"}, {"start": "00:17:05", "end": "00:17:08", "text": "well. Although, there was a lot of"}, {"start": "00:17:06", "end": "00:17:09", "text": "frustration with that thing not doing"}, {"start": "00:17:08", "end": "00:17:12", "text": "anything over so much time, but it's"}, {"start": "00:17:09", "end": "00:17:13", "text": "it's kind of proving itself. So, I I"}, {"start": "00:17:12", "end": "00:17:15", "text": "would suggest that when we get to"}, {"start": "00:17:13", "end": "00:17:17", "text": "$1475,000"}, {"start": "00:17:15", "end": "00:17:18", "text": "in Bitcoin, that's in fact where I"}, {"start": "00:17:17", "end": "00:17:19", "text": "actually start looking at taking some"}, {"start": "00:17:18", "end": "00:17:21", "text": "profits from my altcoins. Now, of"}, {"start": "00:17:19", "end": "00:17:23", "text": "course, every altcoin is different, but"}, {"start": "00:17:21", "end": "00:17:25", "text": "I like what you were saying before, L."}, {"start": "00:17:23", "end": "00:17:27", "text": "If you see Tom Lee on the Time Cover"}, {"start": "00:17:25", "end": "00:17:29", "text": "magazine,"}, {"start": "00:17:27", "end": "00:17:31", "text": "run. We're in trouble. Take your"}, {"start": "00:17:29", "end": "00:17:32", "text": "profits. And you've also got the other"}, {"start": "00:17:31", "end": "00:17:33", "text": "ones. You know, when your Uber driver"}, {"start": "00:17:32", "end": "00:17:34", "text": "starts telling you to buy crypto, it's"}, {"start": "00:17:33", "end": "00:17:37", "text": "like, yeah, it's probably time to start"}, {"start": "00:17:34", "end": "00:17:39", "text": "taking some profits. But, you know, no"}, {"start": "00:17:37", "end": "00:17:40", "text": "one wants to say this because it's"}, {"start": "00:17:39", "end": "00:17:41", "text": "dangerous. This time is different. It"}, {"start": "00:17:40", "end": "00:17:44", "text": "kind of is different. We hit the"}, {"start": "00:17:41", "end": "00:17:46", "text": "all-time high alltime high before the"}, {"start": "00:17:44", "end": "00:17:48", "text": "hinging. We've got ETFs. We've got"}, {"start": "00:17:46", "end": "00:17:51", "text": "governments looking at this. We've got a"}, {"start": "00:17:48", "end": "00:17:52", "text": "realization of how broken fee it is."}, {"start": "00:17:51", "end": "00:17:54", "text": "that is a lot of the financially"}, {"start": "00:17:52", "end": "00:17:56", "text": "illiterate around the world are waking"}, {"start": "00:17:54", "end": "00:17:58", "text": "up to like the biggest Ponzi scheme in"}, {"start": "00:17:56", "end": "00:18:01", "text": "the history of humanity. So"}, {"start": "00:17:58", "end": "00:18:03", "text": "fundamentally, technically and"}, {"start": "00:18:01", "end": "00:18:06", "text": "emotionally it is different this time."}, {"start": "00:18:03", "end": "00:18:07", "text": "So once we actually start to get more"}, {"start": "00:18:06", "end": "00:18:09", "text": "and more momentum into these markets"}, {"start": "00:18:07", "end": "00:18:12", "text": "before it was just you and me and our"}, {"start": "00:18:09", "end": "00:18:14", "text": "crypto brothers l it was just us as DGEN"}, {"start": "00:18:12", "end": "00:18:16", "text": "investors/gamblers"}, {"start": "00:18:14", "end": "00:18:19", "text": "in the crypto land. And now you've got"}, {"start": "00:18:16", "end": "00:18:22", "text": "banks and nations and governments coming"}, {"start": "00:18:19", "end": "00:18:24", "text": "into this. So mate, there is no top."}, {"start": "00:18:22", "end": "00:18:26", "text": "Let's go."}, {"start": "00:18:24", "end": "00:18:28", "text": ">> You know, I I I kind of like to push"}, {"start": "00:18:26", "end": "00:18:29", "text": "back a bit on this whole like this time"}, {"start": "00:18:28", "end": "00:18:30", "text": "is different thing because"}, {"start": "00:18:29", "end": "00:18:33", "text": ">> please"}, {"start": "00:18:30", "end": "00:18:33", "text": ">> honestly"}, {"start": "00:18:33", "end": "00:18:38", "text": "you think about we have precedent for"}, {"start": "00:18:36", "end": "00:18:39", "text": "this. People like say well this time is"}, {"start": "00:18:38", "end": "00:18:42", "text": "different. Well actually this time is"}, {"start": "00:18:39", "end": "00:18:44", "text": "not different. This time is actually"}, {"start": "00:18:42", "end": "00:18:46", "text": "kind of like a gold ETF situation where"}, {"start": "00:18:44", "end": "00:18:48", "text": "we had an asset class that had existed"}, {"start": "00:18:46", "end": "00:18:50", "text": "for a I mean, obviously gold's a bit"}, {"start": "00:18:48", "end": "00:18:53", "text": "different than Bitcoin, but it's not"}, {"start": "00:18:50", "end": "00:18:54", "text": "completely unfounded. We'd had this"}, {"start": "00:18:53", "end": "00:18:57", "text": "situation where you had an asset that"}, {"start": "00:18:54", "end": "00:19:00", "text": "existed for a while. It got Wall Street"}, {"start": "00:18:57", "end": "00:19:01", "text": "rails and then the price went absolutely"}, {"start": "00:19:00", "end": "00:19:02", "text": "nuts, but didn't do so in a straight"}, {"start": "00:19:01", "end": "00:19:04", "text": "line, you know, and that's thing people"}, {"start": "00:19:02", "end": "00:19:06", "text": "need to understand is that it actually"}, {"start": "00:19:04", "end": "00:19:07", "text": "took a while for things to take off. And"}, {"start": "00:19:06", "end": "00:19:08", "text": "so, if you kind of draw those parallels,"}, {"start": "00:19:07", "end": "00:19:10", "text": "look, it's a new technology, so you"}, {"start": "00:19:08", "end": "00:19:11", "text": "can't make the exact parallel with it,"}, {"start": "00:19:10", "end": "00:19:14", "text": "but if you kind of look back at things"}, {"start": "00:19:11", "end": "00:19:16", "text": "and think, well, okay, where exactly did"}, {"start": "00:19:14", "end": "00:19:17", "text": "we go with this? What happened? And we"}, {"start": "00:19:16", "end": "00:19:19", "text": "saw that slow adoption come in where"}, {"start": "00:19:17", "end": "00:19:21", "text": "everything, you know, it took years, but"}, {"start": "00:19:19", "end": "00:19:23", "text": "slowly started getting this"}, {"start": "00:19:21", "end": "00:19:25", "text": "institutionalization of gold that simply"}, {"start": "00:19:23", "end": "00:19:26", "text": "hadn't existed before. You know, it was"}, {"start": "00:19:25", "end": "00:19:27", "text": "a central bank thing, all that kind of"}, {"start": "00:19:26", "end": "00:19:29", "text": "stuff. But then we actually got real"}, {"start": "00:19:27", "end": "00:19:32", "text": "institutionalization of the asset class"}, {"start": "00:19:29", "end": "00:19:34", "text": "where it got devoured massively and it"}, {"start": "00:19:32", "end": "00:19:37", "text": "pushed the price up in a very"}, {"start": "00:19:34", "end": "00:19:40", "text": "significant way over time. And so if you"}, {"start": "00:19:37", "end": "00:19:41", "text": "kind of draw the parallels, yeah, this"}, {"start": "00:19:40", "end": "00:19:43", "text": "is not actually that new. What's"}, {"start": "00:19:41", "end": "00:19:45", "text": "happening is that we're seeing an asset,"}, {"start": "00:19:43", "end": "00:19:49", "text": "Bitcoin particularly, go through its"}, {"start": "00:19:45", "end": "00:19:52", "text": "asset maturation phase and that brings"}, {"start": "00:19:49", "end": "00:19:54", "text": "in a title wave of massive capital that"}, {"start": "00:19:52", "end": "00:19:57", "text": "simply didn't have access to it before."}, {"start": "00:19:54", "end": "00:19:59", "text": "So I I look at crypto and I I Bitcoin in"}, {"start": "00:19:57", "end": "00:20:02", "text": "particular and I see that and I think"}, {"start": "00:19:59", "end": "00:20:04", "text": "you're seeing um Bitcoin, Ethereum,"}, {"start": "00:20:02", "end": "00:20:06", "text": "Salana really becoming the blue chip"}, {"start": "00:20:04", "end": "00:20:07", "text": "assets in the market. And I know there's"}, {"start": "00:20:06", "end": "00:20:09", "text": "still a lot of Salana haters saying,"}, {"start": "00:20:07", "end": "00:20:11", "text": "\"Well, it's too new. It's just a"}, {"start": "00:20:09", "end": "00:20:12", "text": "memecoin casino.\" whatever. Let's look"}, {"start": "00:20:11", "end": "00:20:14", "text": "at the onchain stats, look at the users,"}, {"start": "00:20:12", "end": "00:20:16", "text": "look at everything that happens on that"}, {"start": "00:20:14", "end": "00:20:18", "text": "chain and it's pretty hard to fade its"}, {"start": "00:20:16", "end": "00:20:21", "text": "momentum. And so basically have three"}, {"start": "00:20:18", "end": "00:20:24", "text": "assets that are, you know, holdable for"}, {"start": "00:20:21", "end": "00:20:26", "text": "a significant amount of time, right?"}, {"start": "00:20:24", "end": "00:20:28", "text": "And everything else is kind of a gamble."}, {"start": "00:20:26", "end": "00:20:29", "text": "And even, you know, these things you can"}, {"start": "00:20:28", "end": "00:20:31", "text": "take profits on them, but it's"}, {"start": "00:20:29", "end": "00:20:35", "text": "interesting about your thought too about"}, {"start": "00:20:31", "end": "00:20:37", "text": "um entering sort of psychologically"}, {"start": "00:20:35", "end": "00:20:38", "text": "the post fiat world where you're just,"}, {"start": "00:20:37", "end": "00:20:40", "text": "you know, I'm just going to hold my"}, {"start": "00:20:38", "end": "00:20:42", "text": "Bitcoin. You're in early enough. You You"}, {"start": "00:20:40", "end": "00:20:44", "text": "don't have the pressure to sell. You've"}, {"start": "00:20:42", "end": "00:20:48", "text": "got income coming in from other places."}, {"start": "00:20:44", "end": "00:20:50", "text": "So, why sell your BTC?"}, {"start": "00:20:48", "end": "00:20:51", "text": ">> Exactly. And there's kind of two parts"}, {"start": "00:20:50", "end": "00:20:53", "text": "to this. First of all, we've seen some"}, {"start": "00:20:51", "end": "00:20:54", "text": "really big analysts, very successful"}, {"start": "00:20:53", "end": "00:20:56", "text": "analysts. I might pick on Benjamin"}, {"start": "00:20:54", "end": "00:20:58", "text": "Cohen, I believe his name is, you know,"}, {"start": "00:20:56", "end": "00:20:59", "text": "he said it's going down to 40 grand. And"}, {"start": "00:20:58", "end": "00:21:01", "text": "he was very humble and he came forward"}, {"start": "00:20:59", "end": "00:21:03", "text": "and he said, \"I got it wrong.\" Um, and"}, {"start": "00:21:01", "end": "00:21:04", "text": "we can see if we're trying to repeat the"}, {"start": "00:21:03", "end": "00:21:06", "text": "cycles of the past. Well, with the"}, {"start": "00:21:04", "end": "00:21:08", "text": "timings of the all-time high, that was a"}, {"start": "00:21:06", "end": "00:21:09", "text": "bit different. the ETFs that was"}, {"start": "00:21:08", "end": "00:21:11", "text": "different. But let's look at two main"}, {"start": "00:21:09", "end": "00:21:14", "text": "areas here. If you think when when you"}, {"start": "00:21:11", "end": "00:21:16", "text": "and I first got into crypto, I don't"}, {"start": "00:21:14", "end": "00:21:18", "text": "know about you personally, but when it"}, {"start": "00:21:16", "end": "00:21:20", "text": "came to altcoins, it was kind of too"}, {"start": "00:21:18", "end": "00:21:21", "text": "easy to make money. I kind of picture it"}, {"start": "00:21:20", "end": "00:21:22", "text": "like this, L. It was like going to one"}, {"start": "00:21:21", "end": "00:21:25", "text": "of those fairs where there's all these"}, {"start": "00:21:22", "end": "00:21:26", "text": "balloons on a wall. You get a dart and"}, {"start": "00:21:25", "end": "00:21:28", "text": "you throw it at the balloon and"}, {"start": "00:21:26", "end": "00:21:30", "text": "whichever balloon you hit,"}, {"start": "00:21:28", "end": "00:21:33", "text": ">> it pops and you win a prize."}, {"start": "00:21:30", "end": "00:21:35", "text": "Back in the 201620 2017 cycle, it was"}, {"start": "00:21:33", "end": "00:21:37", "text": "kind of that way with a little bit of"}, {"start": "00:21:35", "end": "00:21:39", "text": "research, just a little bit of AIM, per"}, {"start": "00:21:37", "end": "00:21:41", "text": "se. And it was so easy to make money on"}, {"start": "00:21:39", "end": "00:21:44", "text": "altcoins provided you sold. That was"}, {"start": "00:21:41", "end": "00:21:45", "text": "another story. This time, let's look at"}, {"start": "00:21:44", "end": "00:21:47", "text": "the altcoin market. Instead of having a"}, {"start": "00:21:45", "end": "00:21:49", "text": "few hundred or a few thousand altcoins,"}, {"start": "00:21:47", "end": "00:21:52", "text": "we've got literally unlimited millions"}, {"start": "00:21:49", "end": "00:21:53", "text": "of altcoins now. on with platforms like"}, {"start": "00:21:52", "end": "00:21:56", "text": "pump. Fun and what we can devel develop"}, {"start": "00:21:53", "end": "00:22:00", "text": "on Salana in bed on your phone, kids"}, {"start": "00:21:56", "end": "00:22:01", "text": "doing it and rugpulling other investors"}, {"start": "00:22:00", "end": "00:22:04", "text": "on live streams and then getting in"}, {"start": "00:22:01", "end": "00:22:06", "text": "trouble for it later. It's so difficult"}, {"start": "00:22:04", "end": "00:22:09", "text": "this time in the altcoin market to make"}, {"start": "00:22:06", "end": "00:22:11", "text": "money. Now, I still believe there is"}, {"start": "00:22:09", "end": "00:22:13", "text": "huge potentials and huge opportunities"}, {"start": "00:22:11", "end": "00:22:15", "text": "to make massive amounts of money in"}, {"start": "00:22:13", "end": "00:22:17", "text": "altcoins, but as opposed to having a"}, {"start": "00:22:15", "end": "00:22:19", "text": "choice of two or 300 or 2 or 3,000,"}, {"start": "00:22:17", "end": "00:22:22", "text": "we're now looking at millions of"}, {"start": "00:22:19", "end": "00:22:23", "text": "altcoins. And that choice in itself"}, {"start": "00:22:22", "end": "00:22:25", "text": "creates a challenge, but it also creates"}, {"start": "00:22:23", "end": "00:22:28", "text": "dilution. It creates dilution. If you've"}, {"start": "00:22:25", "end": "00:22:32", "text": "got $2 trillion coming in, instead of $2"}, {"start": "00:22:28", "end": "00:22:35", "text": "trillion being spread around 10,000"}, {"start": "00:22:32", "end": "00:22:36", "text": "coins, it's now millions of coins. uh"}, {"start": "00:22:35", "end": "00:22:37", "text": "and that's not including the the coins"}, {"start": "00:22:36", "end": "00:22:39", "text": "that are going to be coming in and going"}, {"start": "00:22:37", "end": "00:22:41", "text": "to be made left, right, and center. Then"}, {"start": "00:22:39", "end": "00:22:44", "text": "when we go to Bitcoin,"}, {"start": "00:22:41", "end": "00:22:46", "text": "as you said, you know, the maturation of"}, {"start": "00:22:44", "end": "00:22:48", "text": "this asset class is it's no longer just"}, {"start": "00:22:46", "end": "00:22:49", "text": "for crypto bros and people are fed up"}, {"start": "00:22:48", "end": "00:22:51", "text": "with the dollar. Whether you want to"}, {"start": "00:22:49", "end": "00:22:52", "text": "look at the BRICS nations, whether if"}, {"start": "00:22:51", "end": "00:22:56", "text": "you want to look at people with the"}, {"start": "00:22:52", "end": "00:22:57", "text": "sanctions, the tensions around the world"}, {"start": "00:22:56", "end": "00:22:58", "text": "and people saying, \"Well, hang on,"}, {"start": "00:22:57", "end": "00:22:59", "text": "they're just going to print.\" And if"}, {"start": "00:22:58", "end": "00:23:01", "text": "anything, if we want to look at the"}, {"start": "00:22:59", "end": "00:23:03", "text": "canary in the coal mine, L look at"}, {"start": "00:23:01", "end": "00:23:06", "text": "what's happening with the 10year. The"}, {"start": "00:23:03", "end": "00:23:09", "text": "10year yields are past 5%. And that is"}, {"start": "00:23:06", "end": "00:23:11", "text": "the world saying, hey, America, we don't"}, {"start": "00:23:09", "end": "00:23:13", "text": "want your garbage anymore. And if we're"}, {"start": "00:23:11", "end": "00:23:15", "text": "not buying it anymore, man, literally,"}, {"start": "00:23:13", "end": "00:23:16", "text": ">> give me more money. And it's like, you"}, {"start": "00:23:15", "end": "00:23:18", "text": "know what, I might just park it over"}, {"start": "00:23:16", "end": "00:23:19", "text": "here. And another quick one, if I may."}, {"start": "00:23:18", "end": "00:23:21", "text": "You can see on the um when it comes to"}, {"start": "00:23:19", "end": "00:23:23", "text": "stable coins, we're up to $7.2 trillion"}, {"start": "00:23:21", "end": "00:23:25", "text": "in monthly transfer volumes over the"}, {"start": "00:23:23", "end": "00:23:28", "text": "last 30 days. That's been as high as $10"}, {"start": "00:23:25", "end": "00:23:30", "text": "trillion. And the market cap for stable"}, {"start": "00:23:28", "end": "00:23:32", "text": "coins is up at 304 billion. So maybe"}, {"start": "00:23:30", "end": "00:23:35", "text": "that gives the US dollar a little bit"}, {"start": "00:23:32", "end": "00:23:37", "text": "more life. But in at end of the day, I'm"}, {"start": "00:23:35", "end": "00:23:38", "text": "just fed up with fiat. Let's go to the"}, {"start": "00:23:37", "end": "00:23:40", "text": "hard asset of crypto and playing the"}, {"start": "00:23:38", "end": "00:23:42", "text": "crypto casino of the altcoins."}, {"start": "00:23:40", "end": "00:23:45", "text": ">> Yeah, that's it. What's interesting"}, {"start": "00:23:42", "end": "00:23:47", "text": "about, you know, I think there was a"}, {"start": "00:23:45", "end": "00:23:50", "text": "week maybe two weeks ago where I think"}, {"start": "00:23:47", "end": "00:23:52", "text": "on Salana like almost two million tokens"}, {"start": "00:23:50", "end": "00:23:53", "text": "were launched that week. And that sounds"}, {"start": "00:23:52", "end": "00:23:55", "text": "like a lot of noise, right? And it is a"}, {"start": "00:23:53", "end": "00:23:57", "text": "lot of noise. If you're sort of, you"}, {"start": "00:23:55", "end": "00:23:58", "text": "know, a trencher and you're in there"}, {"start": "00:23:57", "end": "00:24:00", "text": "every day and you're trying to find that"}, {"start": "00:23:58", "end": "00:24:02", "text": "thing at $10,000 market cap so you can"}, {"start": "00:24:00", "end": "00:24:04", "text": "sell it for a billion dollars someday,"}, {"start": "00:24:02", "end": "00:24:05", "text": "you're probably not going to do that."}, {"start": "00:24:04", "end": "00:24:09", "text": "And and this is where people, I think,"}, {"start": "00:24:05", "end": "00:24:12", "text": "really get sort of the confusion between"}, {"start": "00:24:09", "end": "00:24:14", "text": "investing versus just pure gambling,"}, {"start": "00:24:12", "end": "00:24:16", "text": "speculation, which speculate, gamble,"}, {"start": "00:24:14", "end": "00:24:18", "text": "have a good time. But people look at it"}, {"start": "00:24:16", "end": "00:24:20", "text": "the wrong way. They're trying to find"}, {"start": "00:24:18", "end": "00:24:22", "text": "the next Bitcoin at a $10,000 market"}, {"start": "00:24:20", "end": "00:24:25", "text": "cap. But I'm sorry, but like you know uh"}, {"start": "00:24:22", "end": "00:24:27", "text": "you know dog in you number 97 is not"}, {"start": "00:24:25", "end": "00:24:30", "text": "going to probably be the one, right? But"}, {"start": "00:24:27", "end": "00:24:32", "text": "here's the thing. I look at it's"}, {"start": "00:24:30", "end": "00:24:34", "text": "actually much easier for me because I"}, {"start": "00:24:32", "end": "00:24:38", "text": "look at crypto right now and I see maybe"}, {"start": "00:24:34", "end": "00:24:39", "text": "maybe there's 200 investable assets. So"}, {"start": "00:24:38", "end": "00:24:40", "text": "I just remove all the noise from the"}, {"start": "00:24:39", "end": "00:24:42", "text": "rest of it and say there's probably"}, {"start": "00:24:40", "end": "00:24:44", "text": "about 200 coins that are worth investing"}, {"start": "00:24:42", "end": "00:24:45", "text": "in. Now maybe because we're seeing a lot"}, {"start": "00:24:44", "end": "00:24:46", "text": "of new expansion with Robin Hood and"}, {"start": "00:24:45", "end": "00:24:50", "text": "stuff like that, maybe we're going to"}, {"start": "00:24:46", "end": "00:24:51", "text": "expand it out to three or 400 coins max."}, {"start": "00:24:50", "end": "00:24:53", "text": "And that doesn't that sounds a lot more"}, {"start": "00:24:51", "end": "00:24:54", "text": "digestible suddenly. Suddenly you're"}, {"start": "00:24:53", "end": "00:24:55", "text": "thinking, well, I can actually handle"}, {"start": "00:24:54", "end": "00:24:57", "text": "that, right? And if you look at the"}, {"start": "00:24:55", "end": "00:24:58", "text": "stock market, I I think we see a lot of"}, {"start": "00:24:57", "end": "00:25:01", "text": "parallels. I mean, like there's like the"}, {"start": "00:24:58", "end": "00:25:03", "text": "Russell 5000 or something, the top 5,000"}, {"start": "00:25:01", "end": "00:25:05", "text": "stocks. And then there's, you know, tens"}, {"start": "00:25:03", "end": "00:25:06", "text": "of thousands of penny stocks underneath"}, {"start": "00:25:05", "end": "00:25:08", "text": "that that never do anything. And so"}, {"start": "00:25:06", "end": "00:25:10", "text": "there's kind of parallels even within"}, {"start": "00:25:08", "end": "00:25:12", "text": "the equity world for this. And most"}, {"start": "00:25:10", "end": "00:25:13", "text": "people will go for the household names,"}, {"start": "00:25:12", "end": "00:25:14", "text": "right? The reason people buy Apple and"}, {"start": "00:25:13", "end": "00:25:16", "text": "Amazon is because they know what Apple"}, {"start": "00:25:14", "end": "00:25:18", "text": "and Amazon are, right? And the reason"}, {"start": "00:25:16", "end": "00:25:20", "text": "they don't buy, I don't know, some kind"}, {"start": "00:25:18", "end": "00:25:22", "text": "of niche photonix place, no one has any"}, {"start": "00:25:20", "end": "00:25:24", "text": "idea what that is or what it does or"}, {"start": "00:25:22", "end": "00:25:26", "text": "where to get it or who cares about it,"}, {"start": "00:25:24", "end": "00:25:30", "text": "right? So, I think right now we've"}, {"start": "00:25:26", "end": "00:25:33", "text": "actually got some very clear uh metas in"}, {"start": "00:25:30", "end": "00:25:35", "text": "crypto that are worthwhile to invest in."}, {"start": "00:25:33", "end": "00:25:37", "text": "Now, something like Zcash kind of"}, {"start": "00:25:35", "end": "00:25:38", "text": "surprised me because it's a dinocoin and"}, {"start": "00:25:37", "end": "00:25:40", "text": "you know, people are being like, \"Ah,"}, {"start": "00:25:38", "end": "00:25:41", "text": "privacy is the new big thing.\" Like,"}, {"start": "00:25:40", "end": "00:25:43", "text": "yeah, I don't know, man. People kind of"}, {"start": "00:25:41", "end": "00:25:44", "text": "just want to gamble on meme coins. But,"}, {"start": "00:25:43", "end": "00:25:46", "text": "you know what? I was wrong about that. I"}, {"start": "00:25:44", "end": "00:25:48", "text": "I saw Robbie Cotton showed it 50 bucks"}, {"start": "00:25:46", "end": "00:25:50", "text": "and I was like, \"Nah, Zcash, get out of"}, {"start": "00:25:48", "end": "00:25:52", "text": "here. Come on. Of all the BS, we're"}, {"start": "00:25:50", "end": "00:25:54", "text": "going to pop them on $1,500.\" So 30x"}, {"start": "00:25:52", "end": "00:25:57", "text": "later, egg on my face. But you can't sit"}, {"start": "00:25:54", "end": "00:25:58", "text": "around and and you know, ruminate on the"}, {"start": "00:25:57", "end": "00:26:00", "text": "ones you didn't catch because there's"}, {"start": "00:25:58", "end": "00:26:02", "text": "always a train leaving the station. And"}, {"start": "00:26:00", "end": "00:26:04", "text": "so I'm looking recently mostly at sort"}, {"start": "00:26:02", "end": "00:26:04", "text": "of the revenue meta coins, right? Coins"}, {"start": "00:26:04", "end": "00:26:06", "text": "that are actually having these"}, {"start": "00:26:04", "end": "00:26:08", "text": "aggressive daily buybacks because create"}, {"start": "00:26:06", "end": "00:26:12", "text": "such a strong price floor for these"}, {"start": "00:26:08", "end": "00:26:15", "text": "assets. Hyperlid, lighter, um, stonf"}, {"start": "00:26:12", "end": "00:26:17", "text": "fun, pump fun, pawns, and radium and"}, {"start": "00:26:15", "end": "00:26:18", "text": "unis swap and all these others. So,"}, {"start": "00:26:17", "end": "00:26:20", "text": "Adam, have you been buying this stuff?"}, {"start": "00:26:18", "end": "00:26:22", "text": "What What are you buying right now? What"}, {"start": "00:26:20", "end": "00:26:24", "text": "have you been buying recently in the"}, {"start": "00:26:22", "end": "00:26:26", "text": "market? Well, I I can really relate to"}, {"start": "00:26:24", "end": "00:26:28", "text": "what you're saying there because before"}, {"start": "00:26:26", "end": "00:26:29", "text": "we get into that, I just if I may go"}, {"start": "00:26:28", "end": "00:26:31", "text": "back a little step because you're right"}, {"start": "00:26:29", "end": "00:26:33", "text": "on the money with there's like these 200"}, {"start": "00:26:31", "end": "00:26:36", "text": "investable assets and what's changed"}, {"start": "00:26:33", "end": "00:26:39", "text": "over our journey is that and the newbies"}, {"start": "00:26:36", "end": "00:26:40", "text": "won't get this but we've learned from"}, {"start": "00:26:39", "end": "00:26:43", "text": "the mistakes of the past. Now, of"}, {"start": "00:26:40", "end": "00:26:44", "text": "course, you're going to hear in in the"}, {"start": "00:26:43", "end": "00:26:45", "text": "olden paradigm, this is the better"}, {"start": "00:26:44", "end": "00:26:47", "text": "Bitcoin. And as soon as you hear that,"}, {"start": "00:26:45", "end": "00:26:49", "text": "it's just like you're just admitting"}, {"start": "00:26:47", "end": "00:26:50", "text": "that you don't understand crypto. The"}, {"start": "00:26:49", "end": "00:26:51", "text": "second that you say this is a better"}, {"start": "00:26:50", "end": "00:26:52", "text": "Bitcoin,"}, {"start": "00:26:51", "end": "00:26:54", "text": ">> first of all, you're submitting to"}, {"start": "00:26:52", "end": "00:26:55", "text": "Bitcoin to saying well Bitcoin is the"}, {"start": "00:26:54", "end": "00:26:56", "text": "best and that's what you're aiming to"}, {"start": "00:26:55", "end": "00:26:59", "text": "beat. But you don't understand what"}, {"start": "00:26:56", "end": "00:27:01", "text": "Bitcoin is and how it works. So that"}, {"start": "00:26:59", "end": "00:27:03", "text": "narrative of this is a better Bitcoin."}, {"start": "00:27:01", "end": "00:27:05", "text": "That's kind of died down. When it comes"}, {"start": "00:27:03", "end": "00:27:07", "text": "to this is going to be the best"}, {"start": "00:27:05", "end": "00:27:08", "text": "memecoin. Well, we've been burnt on"}, {"start": "00:27:07", "end": "00:27:11", "text": "that. But of course, anything can happen"}, {"start": "00:27:08", "end": "00:27:13", "text": "in this space. When it comes to the"}, {"start": "00:27:11", "end": "00:27:16", "text": "better Ethereum, well, I was guilty"}, {"start": "00:27:13", "end": "00:27:17", "text": "myself of thinking, well, there's no way"}, {"start": "00:27:16", "end": "00:27:19", "text": "Salana is going to do well here. But"}, {"start": "00:27:17", "end": "00:27:21", "text": "because I put my emotions aside and the"}, {"start": "00:27:19", "end": "00:27:23", "text": "technicals look pretty good, I actually"}, {"start": "00:27:21", "end": "00:27:26", "text": "bought a lot of Salana and did quite"}, {"start": "00:27:23", "end": "00:27:28", "text": "well there. Where I did poorly and I"}, {"start": "00:27:26", "end": "00:27:30", "text": "think you'll be happy to hear this. And"}, {"start": "00:27:28", "end": "00:27:32", "text": "I've met Charles Hoskinson and I've had"}, {"start": "00:27:30", "end": "00:27:34", "text": "him on the channel many times and I love"}, {"start": "00:27:32", "end": "00:27:36", "text": "the coin and I invested heavily in the"}, {"start": "00:27:34", "end": "00:27:38", "text": "coin. I just can't see that coin coming"}, {"start": "00:27:36", "end": "00:27:41", "text": "back. I called Polka Dot years ago, said"}, {"start": "00:27:38", "end": "00:27:42", "text": "Polka Dot was done. I said Cardano was"}, {"start": "00:27:41", "end": "00:27:44", "text": "next. It looks like that's done. And I'm"}, {"start": "00:27:42", "end": "00:27:45", "text": "sorry I still hold big bags of it. But"}, {"start": "00:27:44", "end": "00:27:47", "text": "to answer your question, I really like"}, {"start": "00:27:45", "end": "00:27:49", "text": "Hyperl. I think there's a lot of"}, {"start": "00:27:47", "end": "00:27:51", "text": "potential in hyperlquid like it it's"}, {"start": "00:27:49", "end": "00:27:53", "text": "real use cases and where I get excited"}, {"start": "00:27:51", "end": "00:27:54", "text": "with crypto now l is instead of just all"}, {"start": "00:27:53", "end": "00:27:56", "text": "this speculation like this is the better"}, {"start": "00:27:54", "end": "00:27:58", "text": "bitcoin this is the better ethereum this"}, {"start": "00:27:56", "end": "00:28:00", "text": "is going to be if you remember that's"}, {"start": "00:27:58", "end": "00:28:01", "text": "part where we had this is the coin for"}, {"start": "00:28:00", "end": "00:28:04", "text": "the music industry this is the coin for"}, {"start": "00:28:01", "end": "00:28:07", "text": "the porn industry this is the coin for"}, {"start": "00:28:04", "end": "00:28:08", "text": "the car industry ah you remember those"}, {"start": "00:28:07", "end": "00:28:10", "text": "days l you remember those days"}, {"start": "00:28:08", "end": "00:28:11", "text": ">> I remember I remember actually in 2018"}, {"start": "00:28:10", "end": "00:28:13", "text": "some guy messaged me like hey we were"}, {"start": "00:28:11", "end": "00:28:15", "text": "launching a coin that's going to be like"}, {"start": "00:28:13", "end": "00:28:17", "text": "a community coin for surfers around the"}, {"start": "00:28:15", "end": "00:28:18", "text": "world I'm like oh god"}, {"start": "00:28:17", "end": "00:28:21", "text": "No,"}, {"start": "00:28:18", "end": "00:28:23", "text": ">> but so many people fell for it. We've"}, {"start": "00:28:21", "end": "00:28:26", "text": "we've evolved so far past, you know, all"}, {"start": "00:28:23", "end": "00:28:28", "text": "the IPOs or IEO ICO scams of the past."}, {"start": "00:28:26", "end": "00:28:29", "text": "The ICO scams of the past, we've got"}, {"start": "00:28:28", "end": "00:28:31", "text": "past that. The better bitcoins, we've"}, {"start": "00:28:29", "end": "00:28:33", "text": "got past that. The memecoin, there's"}, {"start": "00:28:31", "end": "00:28:35", "text": "still going to be DGEN bets on that."}, {"start": "00:28:33", "end": "00:28:37", "text": "Fine. The better Ethereum, look, I think"}, {"start": "00:28:35", "end": "00:28:38", "text": "Ethereum and Salana have really proven"}, {"start": "00:28:37", "end": "00:28:40", "text": "their place in the ecosystem. Maybe"}, {"start": "00:28:38", "end": "00:28:42", "text": "something better comes up, but it's just"}, {"start": "00:28:40", "end": "00:28:44", "text": "that network effect. But now we're"}, {"start": "00:28:42", "end": "00:28:46", "text": "evolving finally into stuff that we can"}, {"start": "00:28:44", "end": "00:28:48", "text": "really use and people really understand."}, {"start": "00:28:46", "end": "00:28:51", "text": "Hyperlid I'm bullish on when it comes to"}, {"start": "00:28:48", "end": "00:28:52", "text": "the ISO 2022 compliant coins. Look,"}, {"start": "00:28:51", "end": "00:28:54", "text": "there's a lot of narrative around it and"}, {"start": "00:28:52", "end": "00:28:56", "text": "I think the narrative in itself creates"}, {"start": "00:28:54", "end": "00:28:58", "text": "an investment opportunity. If it's not"}, {"start": "00:28:56", "end": "00:28:59", "text": "what I think, it's what the market feels"}, {"start": "00:28:58", "end": "00:29:01", "text": "and what the market feels leads to"}, {"start": "00:28:59", "end": "00:29:03", "text": "actions and those actions start to put"}, {"start": "00:29:01", "end": "00:29:05", "text": "money into those coins. And Lark, I do"}, {"start": "00:29:03", "end": "00:29:08", "text": "not discriminate against profits. I'm"}, {"start": "00:29:05", "end": "00:29:11", "text": "not a fan of XRP, but I hold XRP because"}, {"start": "00:29:08", "end": "00:29:12", "text": "I believe I could probably 3x my money."}, {"start": "00:29:11", "end": "00:29:16", "text": "I don't believe it's going to $10,000 as"}, {"start": "00:29:12", "end": "00:29:17", "text": "the XRP army will tell me or $500."}, {"start": "00:29:16", "end": "00:29:18", "text": "But if I"}, {"start": "00:29:17", "end": "00:29:20", "text": ">> doesn't math on that, man,"}, {"start": "00:29:18", "end": "00:29:22", "text": ">> it's not mathing. Like if you wanted a"}, {"start": "00:29:20", "end": "00:29:23", "text": "$10,000 XRP, and I know this upset some"}, {"start": "00:29:22", "end": "00:29:25", "text": "people, I think I worked it out. It's"}, {"start": "00:29:23", "end": "00:29:28", "text": "like more than the Earth's money times"}, {"start": "00:29:25", "end": "00:29:31", "text": "many times over,"}, {"start": "00:29:28", "end": "00:29:34", "text": "but if I can make 4x on XRP, I'll take"}, {"start": "00:29:31", "end": "00:29:36", "text": "it. I won't discriminate those profits."}, {"start": "00:29:34", "end": "00:29:38", "text": "Ultimately, out of all of them, beyond"}, {"start": "00:29:36", "end": "00:29:40", "text": "my Bitcoin, Ethereum, Salana, I I love"}, {"start": "00:29:38", "end": "00:29:42", "text": "my Hyperlid. That's looking pretty"}, {"start": "00:29:40", "end": "00:29:44", "text": "strong to me. And one of the biggest"}, {"start": "00:29:42", "end": "00:29:45", "text": "gains I've made, and I called this years"}, {"start": "00:29:44", "end": "00:29:47", "text": "ago, in fact, one in one of our earlier"}, {"start": "00:29:45", "end": "00:29:50", "text": "interviews, Lark,"}, {"start": "00:29:47", "end": "00:29:52", "text": ">> you may recall I spoke to you about BNB,"}, {"start": "00:29:50", "end": "00:29:54", "text": "and I said, \"Hey, L, do you reckon"}, {"start": "00:29:52", "end": "00:29:56", "text": ">> B&B could be in trouble because it's so"}, {"start": "00:29:54", "end": "00:29:59", "text": "good?\" good. Now, I was talking to you"}, {"start": "00:29:56", "end": "00:30:00", "text": "about B&B when it was $20, and I said"}, {"start": "00:29:59", "end": "00:30:01", "text": "that the problem with B&B is it's so"}, {"start": "00:30:00", "end": "00:30:04", "text": "good that it's going to come under"}, {"start": "00:30:01", "end": "00:30:06", "text": "attack by competitors and governments,"}, {"start": "00:30:04", "end": "00:30:08", "text": "and I actually nailed that call because"}, {"start": "00:30:06", "end": "00:30:11", "text": "ultimately CZ entered at ended up in"}, {"start": "00:30:08", "end": "00:30:12", "text": "jail. And I managed to sell very rarely"}, {"start": "00:30:11", "end": "00:30:14", "text": "do it. This is probably the only time"}, {"start": "00:30:12", "end": "00:30:18", "text": "I've done it. I actually sold B&B at a"}, {"start": "00:30:14", "end": "00:30:21", "text": "top. I was buying that at 30 bucks, lots"}, {"start": "00:30:18", "end": "00:30:25", "text": "of it, even less. And I sold it at"}, {"start": "00:30:21", "end": "00:30:26", "text": "$1,300. I miss the actual dot top by a"}, {"start": "00:30:25", "end": "00:30:27", "text": "few bucks. Now, I don't always do that."}, {"start": "00:30:26", "end": "00:30:30", "text": "That's probably the only time I've"}, {"start": "00:30:27", "end": "00:30:32", "text": "actually done it, but when it comes to"}, {"start": "00:30:30", "end": "00:30:34", "text": "some of these utility tokens, look, if"}, {"start": "00:30:32", "end": "00:30:35", "text": "you think of unis swap, what the hell"}, {"start": "00:30:34", "end": "00:30:36", "text": "was that doing before, but now that's"}, {"start": "00:30:35", "end": "00:30:38", "text": "looking pretty interesting. I did buy"}, {"start": "00:30:36", "end": "00:30:39", "text": "some pumpf fun. Thank you for that"}, {"start": "00:30:38", "end": "00:30:41", "text": "little tip there, L. You've made me a"}, {"start": "00:30:39", "end": "00:30:42", "text": "lot of money on that one. I appreciate"}, {"start": "00:30:41", "end": "00:30:44", "text": "it."}, {"start": "00:30:42", "end": "00:30:45", "text": ">> But where to from here? I I wonder is"}, {"start": "00:30:44", "end": "00:30:47", "text": "there going to be a new coin that we"}, {"start": "00:30:45", "end": "00:30:49", "text": "can't even see yet? A new concept that's"}, {"start": "00:30:47", "end": "00:30:51", "text": "going to come out that maybe this is an"}, {"start": "00:30:49", "end": "00:30:53", "text": "opportunity for all of us in crypto. As"}, {"start": "00:30:51", "end": "00:30:54", "text": "you know, anything can happen."}, {"start": "00:30:53", "end": "00:30:56", "text": ">> Well, that's what we're already seeing"}, {"start": "00:30:54", "end": "00:30:57", "text": "happening. People I was talking to one"}, {"start": "00:30:56", "end": "00:30:58", "text": "of my buddies three or four months ago."}, {"start": "00:30:57", "end": "00:30:59", "text": "He's like, \"Ah, nothing new is going to"}, {"start": "00:30:58", "end": "00:31:01", "text": "come out.\" Like, people are never going"}, {"start": "00:30:59", "end": "00:31:02", "text": "to come back in the market. It's all"}, {"start": "00:31:01", "end": "00:31:03", "text": "over. Like, nah, you're just you're just"}, {"start": "00:31:02", "end": "00:31:05", "text": "being pessimistic because the bare"}, {"start": "00:31:03", "end": "00:31:08", "text": "market, you know, we always find a new"}, {"start": "00:31:05", "end": "00:31:09", "text": "thing. And now we've got ston fun and we"}, {"start": "00:31:08", "end": "00:31:11", "text": "have all these things. So, now we're,"}, {"start": "00:31:09", "end": "00:31:13", "text": "you know, bringing out co meme coins"}, {"start": "00:31:11", "end": "00:31:15", "text": "versus with reflection mechanics, which"}, {"start": "00:31:13", "end": "00:31:17", "text": "we've done before, but now we're doing"}, {"start": "00:31:15", "end": "00:31:19", "text": "it versus stocks and stuff. And so we"}, {"start": "00:31:17", "end": "00:31:22", "text": "always find a new way to create new"}, {"start": "00:31:19", "end": "00:31:23", "text": "ponzies on chain and and it's new"}, {"start": "00:31:22", "end": "00:31:25", "text": "financial experimentation. People get"}, {"start": "00:31:23", "end": "00:31:26", "text": "very pessimistic about these things, but"}, {"start": "00:31:25", "end": "00:31:27", "text": "I'm always optimistic about it because"}, {"start": "00:31:26", "end": "00:31:28", "text": "it means that we're going to come out,"}, {"start": "00:31:27", "end": "00:31:30", "text": "we're going to try a bunch of stuff. A"}, {"start": "00:31:28", "end": "00:31:31", "text": "lot of stuff's going to fail, but we're"}, {"start": "00:31:30", "end": "00:31:32", "text": "going to find new winners. We're going"}, {"start": "00:31:31", "end": "00:31:34", "text": "to find new financial primitives that"}, {"start": "00:31:32", "end": "00:31:36", "text": "simply didn't exist before. And we're"}, {"start": "00:31:34", "end": "00:31:38", "text": "building those all the time. And like"}, {"start": "00:31:36", "end": "00:31:40", "text": "the unis swap comeback is pretty"}, {"start": "00:31:38", "end": "00:31:42", "text": "amazing. You know, they finally finally"}, {"start": "00:31:40", "end": "00:31:44", "text": "after five, six, seven years flipped on"}, {"start": "00:31:42", "end": "00:31:46", "text": "that fee switch, which you know what, my"}, {"start": "00:31:44", "end": "00:31:47", "text": "opinion's totally changed on you swap. I"}, {"start": "00:31:46", "end": "00:31:48", "text": "don't currently own it, but I'm more"}, {"start": "00:31:47", "end": "00:31:49", "text": "much more optimistic on it versus when"}, {"start": "00:31:48", "end": "00:31:52", "text": "it was just a, you know, governance"}, {"start": "00:31:49", "end": "00:31:55", "text": "token which is totally useless. And I I"}, {"start": "00:31:52", "end": "00:31:59", "text": "hope that we are going to see the days"}, {"start": "00:31:55", "end": "00:32:01", "text": "of, you know, ICOs or TGS come back in"}, {"start": "00:31:59", "end": "00:32:03", "text": "some meaningful way where it's not so"}, {"start": "00:32:01", "end": "00:32:05", "text": "scammy as it was before. I mean, this is"}, {"start": "00:32:03", "end": "00:32:06", "text": "what people drove people to memecoins in"}, {"start": "00:32:05", "end": "00:32:09", "text": "the first place was deniialism because"}, {"start": "00:32:06", "end": "00:32:12", "text": "it's just we're everyone's sick of these"}, {"start": "00:32:09", "end": "00:32:14", "text": "VC, you know, dump fests that come out"}, {"start": "00:32:12", "end": "00:32:16", "text": "of the $30 billion fully diluted"}, {"start": "00:32:14", "end": "00:32:19", "text": "valuation with like $200 of daily"}, {"start": "00:32:16", "end": "00:32:20", "text": "onchain revenue and a 2% float and"}, {"start": "00:32:19", "end": "00:32:21", "text": "everyone just gets dumped on"}, {"start": "00:32:20", "end": "00:32:24", "text": "relentlessly. People are tired of it,"}, {"start": "00:32:21", "end": "00:32:26", "text": "man. People wised up to this BS. And so"}, {"start": "00:32:24", "end": "00:32:27", "text": "hopefully if we do get a comeback to"}, {"start": "00:32:26", "end": "00:32:29", "text": "TGES and stuff like that, we're actually"}, {"start": "00:32:27", "end": "00:32:31", "text": "going to get it to a point where, you"}, {"start": "00:32:29", "end": "00:32:32", "text": "know, you can make money on it. And I"}, {"start": "00:32:31", "end": "00:32:34", "text": "brought up the um a few months ago I"}, {"start": "00:32:32", "end": "00:32:35", "text": "brought up the sort of Tesla SpaceX"}, {"start": "00:32:34", "end": "00:32:37", "text": "paradigm. People like, \"Oh yeah, but but"}, {"start": "00:32:35", "end": "00:32:38", "text": "Tesla won a thousandx.\" Like, \"Yeah,"}, {"start": "00:32:37", "end": "00:32:41", "text": "because it came out at a $2 billion"}, {"start": "00:32:38", "end": "00:32:43", "text": "market cap, right? And SpaceX came out"}, {"start": "00:32:41", "end": "00:32:45", "text": "at a $2 trillion market cap. Where's the"}, {"start": "00:32:43", "end": "00:32:46", "text": "upside left? What are you investing in?\""}, {"start": "00:32:45", "end": "00:32:48", "text": "You know, and it's not to say that can't"}, {"start": "00:32:46", "end": "00:32:49", "text": "go up at some point in the future. And"}, {"start": "00:32:48", "end": "00:32:50", "text": "I'm sure there's going to come a time"}, {"start": "00:32:49", "end": "00:32:52", "text": "when SpaceX is a great buy, but not"}, {"start": "00:32:50", "end": "00:32:55", "text": "right now. Now, you said something that"}, {"start": "00:32:52", "end": "00:32:58", "text": "we got to go back to because this is"}, {"start": "00:32:55", "end": "00:33:00", "text": "you're still holding your Cardano bags,"}, {"start": "00:32:58", "end": "00:33:01", "text": ">> Adam."}, {"start": "00:33:00", "end": "00:33:04", "text": "What are you doing? Hang on. Hang on."}, {"start": "00:33:01", "end": "00:33:06", "text": "Crypto confession. Okay. When if you"}, {"start": "00:33:04", "end": "00:33:09", "text": "recall a while ago, we had uh some"}, {"start": "00:33:06", "end": "00:33:10", "text": "messages and I said,"}, {"start": "00:33:09", "end": "00:33:11", "text": "\"You helped me through it. You you"}, {"start": "00:33:10", "end": "00:33:14", "text": "counseledled me. You're like, \"Hey, let"}, {"start": "00:33:11", "end": "00:33:16", "text": "it go, bro.\" And the good news is I"}, {"start": "00:33:14", "end": "00:33:19", "text": "actually dumped a lot of my ADA, heaps"}, {"start": "00:33:16", "end": "00:33:22", "text": "of it. But I've kept a little pocket"}, {"start": "00:33:19", "end": "00:33:24", "text": "change bag full of it. Why? Because a"}, {"start": "00:33:22", "end": "00:33:26", "text": "rising tide lifts all ships. Now,"}, {"start": "00:33:24", "end": "00:33:29", "text": "Cardano is current ADA is currently at"}, {"start": "00:33:26", "end": "00:33:31", "text": "what 24 cents and its alltime high was"}, {"start": "00:33:29", "end": "00:33:33", "text": "over three bucks, right? So, is ADA"}, {"start": "00:33:31", "end": "00:33:34", "text": "gonna go back to three bucks? Nah, I"}, {"start": "00:33:33", "end": "00:33:37", "text": "mean, I'd like it to. I don't think it's"}, {"start": "00:33:34", "end": "00:33:39", "text": "going to, but when I sold my ADA, I was"}, {"start": "00:33:37", "end": "00:33:40", "text": "dumping it about 40 or 50 cents."}, {"start": "00:33:39", "end": "00:33:44", "text": "Probably way too late. Now, do I think"}, {"start": "00:33:40", "end": "00:33:45", "text": "ADA could get back up to 80 cents?"}, {"start": "00:33:44", "end": "00:33:47", "text": "Maybe. I'm willing to take that risk."}, {"start": "00:33:45", "end": "00:33:48", "text": "The good news about, as you know, hang"}, {"start": "00:33:47", "end": "00:33:50", "text": "on, you don't need to worry about this"}, {"start": "00:33:48", "end": "00:33:51", "text": "anymore because of where you are. But"}, {"start": "00:33:50", "end": "00:33:54", "text": "when you're selling these coins at a"}, {"start": "00:33:51", "end": "00:33:56", "text": "loss, what made it easier for me is I I"}, {"start": "00:33:54", "end": "00:33:58", "text": "did a big, if you will, closet cleanout,"}, {"start": "00:33:56", "end": "00:33:59", "text": "a crypto closet cleanout a while ago"}, {"start": "00:33:58", "end": "00:34:02", "text": "when I was sending you those messages"}, {"start": "00:33:59", "end": "00:34:03", "text": "and I just dumped so much and cleaned"}, {"start": "00:34:02", "end": "00:34:05", "text": "out the closet. I was finding wallets"}, {"start": "00:34:03", "end": "00:34:07", "text": "and exchanges all over the shop where I"}, {"start": "00:34:05", "end": "00:34:10", "text": "just had all this money and a lot I sold"}, {"start": "00:34:07", "end": "00:34:12", "text": "it at a loss, but I kept all the, if you"}, {"start": "00:34:10", "end": "00:34:13", "text": "will, the blue chip shares and I kept a"}, {"start": "00:34:12", "end": "00:34:16", "text": "lot of the coins that I believe are"}, {"start": "00:34:13", "end": "00:34:18", "text": "going to do a four or 5x. And what made"}, {"start": "00:34:16", "end": "00:34:19", "text": "it easier for me, L, is just like, okay,"}, {"start": "00:34:18", "end": "00:34:20", "text": "well, this is just tax harvesting. All"}, {"start": "00:34:19", "end": "00:34:22", "text": "I'm doing at the moment is I'm just"}, {"start": "00:34:20", "end": "00:34:24", "text": "building up tax credits, tax credits,"}, {"start": "00:34:22", "end": "00:34:27", "text": "tax credits. It's fine."}, {"start": "00:34:24", "end": "00:34:30", "text": ">> But yes, I I am guilty. I still hold"}, {"start": "00:34:27", "end": "00:34:32", "text": "some ADA. I still hold some XRP, but"}, {"start": "00:34:30", "end": "00:34:34", "text": "I've been on that journey for a long"}, {"start": "00:34:32", "end": "00:34:36", "text": "time. But XRP, what what"}, {"start": "00:34:34", "end": "00:34:39", "text": ">> XRP is a different beast, you know? I I"}, {"start": "00:34:36", "end": "00:34:41", "text": "don't own any XRP, but I I can see the"}, {"start": "00:34:39", "end": "00:34:42", "text": "value proposition. I I"}, {"start": "00:34:41", "end": "00:34:46", "text": ">> People often ask, Mark, why don't you"}, {"start": "00:34:42", "end": "00:34:47", "text": "own XRP? like, you know, I just I'm not"}, {"start": "00:34:46", "end": "00:34:48", "text": "very excited about it. That's that's"}, {"start": "00:34:47", "end": "00:34:50", "text": "probably the biggest thing for me. It's"}, {"start": "00:34:48", "end": "00:34:52", "text": "not I don't hate XRP. I'm just not very"}, {"start": "00:34:50", "end": "00:34:53", "text": "excited about I understand all the"}, {"start": "00:34:52", "end": "00:34:55", "text": "stuff. I see all the stuff. I I research"}, {"start": "00:34:53", "end": "00:34:57", "text": "it. I've done videos on we talked about"}, {"start": "00:34:55", "end": "00:34:58", "text": "many times. I just I just I can't get"}, {"start": "00:34:57", "end": "00:35:00", "text": "excited about it, man. Like I'm excited"}, {"start": "00:34:58", "end": "00:35:02", "text": "about Salana. I use Salana all the time."}, {"start": "00:35:00", "end": "00:35:02", "text": "I'm excited about it. Right."}, {"start": "00:35:02", "end": "00:35:04", "text": ">> Yeah."}, {"start": "00:35:02", "end": "00:35:06", "text": ">> And um here's here's a thought."}, {"start": "00:35:04", "end": "00:35:08", "text": ">> Got a strong community. I mean, you"}, {"start": "00:35:06", "end": "00:35:09", "text": "can't deny the XRP army is"}, {"start": "00:35:08", "end": "00:35:10", "text": ">> Oh, absolutely."}, {"start": "00:35:09", "end": "00:35:11", "text": ">> Yeah."}, {"start": "00:35:10", "end": "00:35:14", "text": ">> How many coins do you have in your"}, {"start": "00:35:11", "end": "00:35:15", "text": "portfolio right now? about 20."}, {"start": "00:35:14", "end": "00:35:17", "text": ">> About 20. Yeah."}, {"start": "00:35:15", "end": "00:35:18", "text": ">> Do you think it's too many"}, {"start": "00:35:17", "end": "00:35:19", "text": ">> that? Look, that's a really good"}, {"start": "00:35:18", "end": "00:35:21", "text": "question. Okay, so I've got two sides to"}, {"start": "00:35:19", "end": "00:35:23", "text": "my portfolio. One is just dollar cost"}, {"start": "00:35:21", "end": "00:35:24", "text": "average to hold um and then it's easy to"}, {"start": "00:35:23", "end": "00:35:27", "text": "sell at the top of a bull run. But then"}, {"start": "00:35:24", "end": "00:35:29", "text": "of of course I'm I'm trading as well. So"}, {"start": "00:35:27", "end": "00:35:31", "text": "what have I got? I've really got three"}, {"start": "00:35:29", "end": "00:35:33", "text": "paradigm or three segments if you will."}, {"start": "00:35:31", "end": "00:35:35", "text": "One is my dollar cost average, blue chip"}, {"start": "00:35:33", "end": "00:35:37", "text": "shares, Bitcoin and Ethereum. Just let"}, {"start": "00:35:35", "end": "00:35:38", "text": "it tick in the background. The other"}, {"start": "00:35:37", "end": "00:35:41", "text": "ones are okay, what are we going to ride"}, {"start": "00:35:38", "end": "00:35:43", "text": "in this crypto bull run and then dump"}, {"start": "00:35:41", "end": "00:35:46", "text": "circa the top or more importantly dollar"}, {"start": "00:35:43", "end": "00:35:48", "text": "cost average out that most people are"}, {"start": "00:35:46", "end": "00:35:50", "text": "familiar with dollar cost averaging in"}, {"start": "00:35:48", "end": "00:35:52", "text": "but the best way I've made profits on"}, {"start": "00:35:50", "end": "00:35:55", "text": "many coins is dollar cost averaging out"}, {"start": "00:35:52", "end": "00:35:58", "text": "you know just as it's going up or it's"}, {"start": "00:35:55", "end": "00:36:00", "text": "really big times just take 10% 10% 10%"}, {"start": "00:35:58", "end": "00:36:02", "text": "10% and it's a gift that keeps giving"}, {"start": "00:36:00", "end": "00:36:04", "text": "particularly if it keeps on running it's"}, {"start": "00:36:02", "end": "00:36:06", "text": "like your nominal balance when it comes"}, {"start": "00:36:04", "end": "00:36:08", "text": "to the fiscal balance as opposed to the"}, {"start": "00:36:06", "end": "00:36:09", "text": "quantity balance, it's kind of stays the"}, {"start": "00:36:08", "end": "00:36:11", "text": "same and you keep taking money off this"}, {"start": "00:36:09", "end": "00:36:13", "text": "giving tree. It's wonderful. But then"}, {"start": "00:36:11", "end": "00:36:15", "text": "I've got my trading portfolio and that,"}, {"start": "00:36:13", "end": "00:36:17", "text": "you know, when I'm trading these stocks"}, {"start": "00:36:15", "end": "00:36:19", "text": "or sorry, these cryptos, you know, I I"}, {"start": "00:36:17", "end": "00:36:20", "text": "don't really care what they are. I'm"}, {"start": "00:36:19", "end": "00:36:22", "text": "trading the charts. I'm trading with"}, {"start": "00:36:20", "end": "00:36:23", "text": "some of the narrative behind it and I"}, {"start": "00:36:22", "end": "00:36:24", "text": "don't discriminate against those profits"}, {"start": "00:36:23", "end": "00:36:26", "text": "at all. And that's where I'm putting a"}, {"start": "00:36:24", "end": "00:36:28", "text": "bit of leverage on there, getting a"}, {"start": "00:36:26", "end": "00:36:30", "text": "little bit degen. So when you come into"}, {"start": "00:36:28", "end": "00:36:32", "text": "three different areas, what I'm doing"}, {"start": "00:36:30", "end": "00:36:34", "text": "with my that middle portfolio I'm"}, {"start": "00:36:32", "end": "00:36:36", "text": "telling you about, I actually put in my"}, {"start": "00:36:34", "end": "00:36:37", "text": "take profits, even though it's not I'm"}, {"start": "00:36:36", "end": "00:36:38", "text": "not trading, it's just, you know, on"}, {"start": "00:36:37", "end": "00:36:40", "text": "certain exchanges, you can once it get"}, {"start": "00:36:38", "end": "00:36:43", "text": "reaches this point, you sell some of it."}, {"start": "00:36:40", "end": "00:36:45", "text": "I just set and forget in my book, uh,"}, {"start": "00:36:43", "end": "00:36:47", "text": "selfless plug right here, 28 prot trader"}, {"start": "00:36:45", "end": "00:36:49", "text": "tips, the art of trading available on"}, {"start": "00:36:47", "end": "00:36:50", "text": "Amazon. But one of the chapters,"}, {"start": "00:36:49", "end": "00:36:52", "text": ">> go get it, guys."}, {"start": "00:36:50", "end": "00:36:54", "text": ">> One of the chapters I talk about is"}, {"start": "00:36:52", "end": "00:36:56", "text": "determining your exit points before you"}, {"start": "00:36:54", "end": "00:36:58", "text": "enter the trade. And the reason why you"}, {"start": "00:36:56", "end": "00:36:59", "text": "must do that is because emotions take"}, {"start": "00:36:58", "end": "00:37:01", "text": "over. When things get really hot and"}, {"start": "00:36:59", "end": "00:37:02", "text": "frothy and excited, you're like, I know"}, {"start": "00:37:01", "end": "00:37:04", "text": "I'm going to hold it a little bit"}, {"start": "00:37:02", "end": "00:37:05", "text": "longer, hold it a little bit longer,"}, {"start": "00:37:04", "end": "00:37:07", "text": "hold, hold, hold, hold. And then you"}, {"start": "00:37:05", "end": "00:37:09", "text": "wake up in the morning and it's all"}, {"start": "00:37:07", "end": "00:37:11", "text": "gone. If you determine your exit point"}, {"start": "00:37:09", "end": "00:37:13", "text": "before you go into the trade, whether"}, {"start": "00:37:11", "end": "00:37:16", "text": "that's swing trading, leverage trading,"}, {"start": "00:37:13", "end": "00:37:18", "text": "or whatever it is, it removes the"}, {"start": "00:37:16", "end": "00:37:19", "text": "emotion and it just makes it automatic."}, {"start": "00:37:18", "end": "00:37:21", "text": "Particularly as you can just set the"}, {"start": "00:37:19", "end": "00:37:23", "text": "takerit, set and forget. I mean, there's"}, {"start": "00:37:21", "end": "00:37:25", "text": "been times when it's happened and I've"}, {"start": "00:37:23", "end": "00:37:26", "text": "been asleep and I've woken up and I'm"}, {"start": "00:37:25", "end": "00:37:27", "text": "like, \"What happened to my wallet?\" And"}, {"start": "00:37:26", "end": "00:37:29", "text": "it's like, \"Oh, okay."}, {"start": "00:37:27", "end": "00:37:30", "text": ">> Oh, look at all that money in my wallet"}, {"start": "00:37:29", "end": "00:37:32", "text": "now. This is great.\""}, {"start": "00:37:30", "end": "00:37:34", "text": ">> Yeah, that's right. How many are you"}, {"start": "00:37:32", "end": "00:37:35", "text": "holding, L?"}, {"start": "00:37:34", "end": "00:37:36", "text": ">> I've got about a dozen right now. So,"}, {"start": "00:37:35", "end": "00:37:37", "text": "I've got"}, {"start": "00:37:36", "end": "00:37:39", "text": ">> Yeah,"}, {"start": "00:37:37", "end": "00:37:42", "text": ">> maybe seven or eight core positions, you"}, {"start": "00:37:39", "end": "00:37:44", "text": "know, Bitcoin, Ethereum, Salana, uh,"}, {"start": "00:37:42", "end": "00:37:47", "text": "Pump Fund, couple others, uh, and maybe"}, {"start": "00:37:44", "end": "00:37:49", "text": "about five or six that are sort of, um,"}, {"start": "00:37:47", "end": "00:37:52", "text": "newer chain stuff that some of those"}, {"start": "00:37:49", "end": "00:37:55", "text": "positions have got quite big. Um, but"}, {"start": "00:37:52", "end": "00:37:57", "text": "yeah, about a dozen approximately right"}, {"start": "00:37:55", "end": "00:37:59", "text": "now. I I, you know, I kind of look at it"}, {"start": "00:37:57", "end": "00:38:01", "text": "like I don't want to just every once in"}, {"start": "00:37:59", "end": "00:38:03", "text": "a while I'll just kind of screw around"}, {"start": "00:38:01", "end": "00:38:05", "text": "in the trenches because I'm bored. But,"}, {"start": "00:38:03", "end": "00:38:07", "text": "uh, generally I don't want to put like"}, {"start": "00:38:05", "end": "00:38:08", "text": "just like 500 bucks into something or a"}, {"start": "00:38:07", "end": "00:38:09", "text": "thousand bucks into something. It's like"}, {"start": "00:38:08", "end": "00:38:10", "text": "a waste of my mental energy. And I"}, {"start": "00:38:09", "end": "00:38:12", "text": "actually wanted to ask you that question"}, {"start": "00:38:10", "end": "00:38:14", "text": "about Cardano because you're still"}, {"start": "00:38:12", "end": "00:38:15", "text": "holding Cardano. You're still thinking"}, {"start": "00:38:14", "end": "00:38:17", "text": "about Cardano. You have pocket change"}, {"start": "00:38:15", "end": "00:38:19", "text": "amounts of Cardano left. Why not just"}, {"start": "00:38:17", "end": "00:38:21", "text": "sell it and put it into hype? Like"}, {"start": "00:38:19", "end": "00:38:22", "text": "realistically, right, you're probably"}, {"start": "00:38:21", "end": "00:38:24", "text": "you're I mean you're probably going to"}, {"start": "00:38:22", "end": "00:38:25", "text": "get about the same amount of I guess if"}, {"start": "00:38:24", "end": "00:38:28", "text": "you don't if you want to avoid a taxable"}, {"start": "00:38:25", "end": "00:38:29", "text": "event now versus later, right? I can"}, {"start": "00:38:28", "end": "00:38:30", "text": "understand that because you have to you"}, {"start": "00:38:29", "end": "00:38:33", "text": "know I'm in Dubai. I don't have to think"}, {"start": "00:38:30", "end": "00:38:35", "text": "about this [�__�] anymore. That ah Dubai"}, {"start": "00:38:33", "end": "00:38:37", "text": "it's amazing. But you if you're thinking"}, {"start": "00:38:35", "end": "00:38:38", "text": "about taxable event sort of situation"}, {"start": "00:38:37", "end": "00:38:39", "text": "yeah I can get it. I can understand that"}, {"start": "00:38:38", "end": "00:38:40", "text": "you know okay I don't want to do the"}, {"start": "00:38:39", "end": "00:38:42", "text": "taxable event right now. So I don't want"}, {"start": "00:38:40", "end": "00:38:43", "text": "to sell the Cardano because of that. you"}, {"start": "00:38:42", "end": "00:38:45", "text": "know, if I sell it now and put into"}, {"start": "00:38:43", "end": "00:38:48", "text": "this. But like I I kind of like the idea"}, {"start": "00:38:45", "end": "00:38:50", "text": "of just it's like a spring cleaning. The"}, {"start": "00:38:48", "end": "00:38:52", "text": "bull market's back. It's the spring. The"}, {"start": "00:38:50", "end": "00:38:54", "text": "first blossoms are starting to come out."}, {"start": "00:38:52", "end": "00:38:56", "text": "You know, why why hold on to dead weight"}, {"start": "00:38:54", "end": "00:38:57", "text": "from previous cycles when you could just"}, {"start": "00:38:56", "end": "00:39:00", "text": "put it into something you're more con"}, {"start": "00:38:57", "end": "00:39:02", "text": "you have higher conviction on and then"}, {"start": "00:39:00", "end": "00:39:04", "text": "you can you're going to get the same"}, {"start": "00:39:02", "end": "00:39:06", "text": "amount of gains approximately anyway"}, {"start": "00:39:04", "end": "00:39:07", "text": "probably, right? I mean, maybe Cardono"}, {"start": "00:39:06", "end": "00:39:09", "text": "comes out tomorrow and surprises us and"}, {"start": "00:39:07", "end": "00:39:11", "text": "they're the official blockchain of the"}, {"start": "00:39:09", "end": "00:39:13", "text": "US government for here and ever"}, {"start": "00:39:11", "end": "00:39:15", "text": "thereafter for the future and it pumps a"}, {"start": "00:39:13", "end": "00:39:19", "text": "million% overnight, but it's probably"}, {"start": "00:39:15", "end": "00:39:20", "text": "not going to happen, right? And so, just"}, {"start": "00:39:19", "end": "00:39:22", "text": "if you're keeping this sort of like,"}, {"start": "00:39:20", "end": "00:39:23", "text": "yeah, I got like five grand of Cardano"}, {"start": "00:39:22", "end": "00:39:24", "text": "or something, whatever it's going to be,"}, {"start": "00:39:23", "end": "00:39:26", "text": "like just to just cuz I still want to"}, {"start": "00:39:24", "end": "00:39:28", "text": "have some or want to be, you know, in"}, {"start": "00:39:26", "end": "00:39:29", "text": "with the community or whatever it might"}, {"start": "00:39:28", "end": "00:39:32", "text": "be, right?"}, {"start": "00:39:29", "end": "00:39:33", "text": "Why not just fully exit and go into"}, {"start": "00:39:32", "end": "00:39:34", "text": "something you have higher conviction on"}, {"start": "00:39:33", "end": "00:39:36", "text": "that you're more excited about when you"}, {"start": "00:39:34", "end": "00:39:38", "text": "wake up? And there always that question,"}, {"start": "00:39:36", "end": "00:39:40", "text": "right? Like, and let me ask you this"}, {"start": "00:39:38", "end": "00:39:43", "text": "question right now. If you didn't own"}, {"start": "00:39:40", "end": "00:39:47", "text": "any Cardano today, would you buy Cardano"}, {"start": "00:39:43", "end": "00:39:49", "text": "today? That's the right question. So,"}, {"start": "00:39:47", "end": "00:39:52", "text": "you're right to grill me on this, and"}, {"start": "00:39:49", "end": "00:39:54", "text": "I'm glad you are. So I I had hundreds of"}, {"start": "00:39:52", "end": "00:39:56", "text": "thousands of ADA and at one stage"}, {"start": "00:39:54", "end": "00:39:59", "text": "because it was staking on top of itself."}, {"start": "00:39:56", "end": "00:40:01", "text": "It it was just making so much ADA on"}, {"start": "00:39:59", "end": "00:40:03", "text": "top. Remember it like so easy to stake"}, {"start": "00:40:01", "end": "00:40:05", "text": "back in when it was first became stable"}, {"start": "00:40:03", "end": "00:40:07", "text": ">> and you know you just restake what it"}, {"start": "00:40:05", "end": "00:40:09", "text": "was the staking rewards were and and you"}, {"start": "00:40:07", "end": "00:40:10", "text": "know it was just fun watching your ADA"}, {"start": "00:40:09", "end": "00:40:12", "text": "balance go through the roof and the"}, {"start": "00:40:10", "end": "00:40:14", "text": "price is pretty stable at that time as"}, {"start": "00:40:12", "end": "00:40:16", "text": "it started to fall down. Hang on back a"}, {"start": "00:40:14", "end": "00:40:17", "text": "step. That was actually bad because when"}, {"start": "00:40:16", "end": "00:40:20", "text": "we go to tax what was happening is I was"}, {"start": "00:40:17", "end": "00:40:22", "text": "getting all of this crypto. I wasn't"}, {"start": "00:40:20", "end": "00:40:24", "text": "liquidating it, but I had to pay tax on"}, {"start": "00:40:22", "end": "00:40:25", "text": "that. Oh, it was a nightmare. So, you're"}, {"start": "00:40:24", "end": "00:40:27", "text": "like, \"Wow, I'm getting all this"}, {"start": "00:40:25", "end": "00:40:29", "text": "crypto.\" But then you very quickly learn"}, {"start": "00:40:27", "end": "00:40:31", "text": "when you get your tax bill and it's in"}, {"start": "00:40:29", "end": "00:40:32", "text": "the high very high six figures. And"}, {"start": "00:40:31", "end": "00:40:34", "text": "you're like, \"Hang on a second. I"}, {"start": "00:40:32", "end": "00:40:35", "text": "haven't actually taken this money. I've"}, {"start": "00:40:34", "end": "00:40:36", "text": "been taxed on money that I haven't even"}, {"start": "00:40:35", "end": "00:40:38", "text": "liquidated.\" And"}, {"start": "00:40:36", "end": "00:40:39", "text": ">> now it's down 50%."}, {"start": "00:40:38", "end": "00:40:41", "text": ">> That's right. And it's like, yeah, but"}, {"start": "00:40:39", "end": "00:40:43", "text": "you can carry that tax loss forward."}, {"start": "00:40:41", "end": "00:40:45", "text": "It's like, yeah, but it's not indexed."}, {"start": "00:40:43", "end": "00:40:46", "text": "that tax loss a long time ago where I"}, {"start": "00:40:45", "end": "00:40:48", "text": "had to pay the Australian taxation"}, {"start": "00:40:46", "end": "00:40:50", "text": "office that money was worth more than"}, {"start": "00:40:48", "end": "00:40:53", "text": "carrying the tax credit forward to today"}, {"start": "00:40:50", "end": "00:40:55", "text": "or tomorrow. So what I've observed with"}, {"start": "00:40:53", "end": "00:40:57", "text": "you l over the many years that we've"}, {"start": "00:40:55", "end": "00:41:00", "text": "known each other is that you are far"}, {"start": "00:40:57", "end": "00:41:01", "text": "better at cutting your losses and it's"}, {"start": "00:41:00", "end": "00:41:03", "text": "actually something I've worked very hard"}, {"start": "00:41:01", "end": "00:41:05", "text": "at doing and a lot of people I think can"}, {"start": "00:41:03", "end": "00:41:08", "text": "relate to this is that you get this"}, {"start": "00:41:05", "end": "00:41:10", "text": "stupid emotional attachment to it. I"}, {"start": "00:41:08", "end": "00:41:11", "text": "love Charles. I love the technology but"}, {"start": "00:41:10", "end": "00:41:13", "text": "I can see what's happening with the"}, {"start": "00:41:11", "end": "00:41:14", "text": "metrics. I can see it falling down the"}, {"start": "00:41:13", "end": "00:41:16", "text": "charts. And you've you've asked the"}, {"start": "00:41:14", "end": "00:41:17", "text": "right question. The right question is"}, {"start": "00:41:16", "end": "00:41:20", "text": "first, what happens with the tax"}, {"start": "00:41:17", "end": "00:41:22", "text": "implications? Well, I I dumped a"}, {"start": "00:41:20", "end": "00:41:24", "text": "crapload of this stuff and took that tax"}, {"start": "00:41:22", "end": "00:41:26", "text": "loss and harvested that."}, {"start": "00:41:24", "end": "00:41:29", "text": "You're dead right when you say, would"}, {"start": "00:41:26", "end": "00:41:32", "text": "you buy ADA now compared to, as an"}, {"start": "00:41:29", "end": "00:41:34", "text": "example, Hyperlquid or Salana or Salana."}, {"start": "00:41:32", "end": "00:41:38", "text": "Like, think about that. I I think Salana"}, {"start": "00:41:34", "end": "00:41:39", "text": "is easily a $700 to maybe $1,000 coin."}, {"start": "00:41:38", "end": "00:41:43", "text": "If Ethereum wasn't there, it would be"}, {"start": "00:41:39", "end": "00:41:45", "text": "much higher. Yeah, I I I think $700 is"}, {"start": "00:41:43", "end": "00:41:46", "text": "very fair for Salana. A thousand if"}, {"start": "00:41:45", "end": "00:41:48", "text": "things get stupid, which they will. I"}, {"start": "00:41:46", "end": "00:41:50", "text": "think we're going to see two to6"}, {"start": "00:41:48", "end": "00:41:52", "text": "trillion dollars pour into this market"}, {"start": "00:41:50", "end": "00:41:53", "text": "this time. I don't know. It depends what"}, {"start": "00:41:52", "end": "00:41:56", "text": "happens around the world with war and so"}, {"start": "00:41:53", "end": "00:42:00", "text": "forth. So yeah, if I was if I didn't"}, {"start": "00:41:56", "end": "00:42:01", "text": "have ADA right now, I would put it if I"}, {"start": "00:42:00", "end": "00:42:03", "text": "had that money, I'd put it straight into"}, {"start": "00:42:01", "end": "00:42:05", "text": "Salana. I'd put it into BTC just to be"}, {"start": "00:42:03", "end": "00:42:08", "text": "boring. And I'd probably put it into"}, {"start": "00:42:05", "end": "00:42:09", "text": "hype."}, {"start": "00:42:08", "end": "00:42:11", "text": "And you've probably just given me the"}, {"start": "00:42:09", "end": "00:42:12", "text": "little push I need, lonely."}, {"start": "00:42:11", "end": "00:42:14", "text": ">> Yeah, because the question was that's"}, {"start": "00:42:12", "end": "00:42:15", "text": "the thing is like it out just"}, {"start": "00:42:14", "end": "00:42:16", "text": ">> what's stopping you from doing that"}, {"start": "00:42:15", "end": "00:42:19", "text": "today because I I caught a couple bags"}, {"start": "00:42:16", "end": "00:42:21", "text": "recently, you know, um to ape into other"}, {"start": "00:42:19", "end": "00:42:22", "text": "stuff on like Robin Hood chain and that"}, {"start": "00:42:21", "end": "00:42:24", "text": "was the right call because those things"}, {"start": "00:42:22", "end": "00:42:26", "text": "are up three, four, five, 600% thousand%"}, {"start": "00:42:24", "end": "00:42:27", "text": "whatever and those other the things that"}, {"start": "00:42:26", "end": "00:42:29", "text": "I sold like the Pangu meme coin. I like"}, {"start": "00:42:27", "end": "00:42:30", "text": "it. It's nice. But you know, I was"}, {"start": "00:42:29", "end": "00:42:32", "text": "looking at it and I said to myself,"}, {"start": "00:42:30", "end": "00:42:33", "text": "would I buy this today? Ah, probably not"}, {"start": "00:42:32", "end": "00:42:35", "text": "because it's I mean it can it have"}, {"start": "00:42:33", "end": "00:42:37", "text": "massive upside still? Absolutely. But"}, {"start": "00:42:35", "end": "00:42:38", "text": "today I see where the opportunity are."}, {"start": "00:42:37", "end": "00:42:40", "text": "is and it's not in this particular coin"}, {"start": "00:42:38", "end": "00:42:41", "text": "at the moment. And that's to say I have"}, {"start": "00:42:40", "end": "00:42:42", "text": "to rotate at everything all the time,"}, {"start": "00:42:41", "end": "00:42:44", "text": "right? But like,"}, {"start": "00:42:42", "end": "00:42:47", "text": ">> you know, sometimes sometimes it's good"}, {"start": "00:42:44", "end": "00:42:48", "text": "just to clean the closet, man, and just"}, {"start": "00:42:47", "end": "00:42:50", "text": "say, you know what,"}, {"start": "00:42:48", "end": "00:42:51", "text": ">> it's been good. And this is the thing."}, {"start": "00:42:50", "end": "00:42:52", "text": "People always say, \"Oh, like such a"}, {"start": "00:42:51", "end": "00:42:54", "text": "Cardano hater.\" Like, I'm not a Cardano"}, {"start": "00:42:52", "end": "00:42:57", "text": "hater, man. I made a 50x on Cardano."}, {"start": "00:42:54", "end": "00:42:59", "text": "Nice, clean, beautiful, great. I like"}, {"start": "00:42:57", "end": "00:43:01", "text": "Charles. He's a cool cat, man. I I feel"}, {"start": "00:42:59", "end": "00:43:03", "text": "bad that they've that's what are we now"}, {"start": "00:43:01", "end": "00:43:05", "text": "eight years in and there's"}, {"start": "00:43:03", "end": "00:43:06", "text": ">> absolutely no meaningful adoption on"}, {"start": "00:43:05", "end": "00:43:08", "text": "this blockchain. whereas like Robin Hood"}, {"start": "00:43:06", "end": "00:43:10", "text": "chain launched three months ago and it's"}, {"start": "00:43:08", "end": "00:43:12", "text": "already just like top chain, right? And"}, {"start": "00:43:10", "end": "00:43:14", "text": "it's just at a certain point it's like"}, {"start": "00:43:12", "end": "00:43:16", "text": "what are you doing? Right? And here's"}, {"start": "00:43:14", "end": "00:43:17", "text": "the thing too and this is something"}, {"start": "00:43:16", "end": "00:43:19", "text": "everybody struggles I struggle with, you"}, {"start": "00:43:17", "end": "00:43:21", "text": "struggle with, everybody listening"}, {"start": "00:43:19", "end": "00:43:23", "text": "struggles with. We have a lot of"}, {"start": "00:43:21", "end": "00:43:25", "text": "conviction when it comes to buying,"}, {"start": "00:43:23", "end": "00:43:28", "text": "right? We look and go, \"Yes, I'm going"}, {"start": "00:43:25", "end": "00:43:30", "text": "to buy that thing because it's awesome.\""}, {"start": "00:43:28", "end": "00:43:33", "text": "The problem comes later. We lack the"}, {"start": "00:43:30", "end": "00:43:34", "text": "conviction to sell or we sell a little"}, {"start": "00:43:33", "end": "00:43:36", "text": "bit. Want to keep a little bit. Oh,"}, {"start": "00:43:34", "end": "00:43:37", "text": "well, I'm just going to sell 15%. I'm"}, {"start": "00:43:36", "end": "00:43:38", "text": "just get my initials back. I'm just"}, {"start": "00:43:37", "end": "00:43:40", "text": "going to take a little bit of money off"}, {"start": "00:43:38", "end": "00:43:41", "text": "the table, you know. Oh, I'm going to"}, {"start": "00:43:40", "end": "00:43:43", "text": "sell 50% but I want to keep some because"}, {"start": "00:43:41", "end": "00:43:44", "text": "I still want to be, you know, cool with"}, {"start": "00:43:43", "end": "00:43:45", "text": "everybody or I want to be in the"}, {"start": "00:43:44", "end": "00:43:46", "text": "community or I want to keep an eye on"}, {"start": "00:43:45", "end": "00:43:48", "text": "this or I've got some, you know,"}, {"start": "00:43:46", "end": "00:43:49", "text": "emotional attachment to it and all this"}, {"start": "00:43:48", "end": "00:43:50", "text": "stuff. And like at the end of the day,"}, {"start": "00:43:49", "end": "00:43:51", "text": "this is magic internet money. And the"}, {"start": "00:43:50", "end": "00:43:53", "text": "only thing I have an emotional"}, {"start": "00:43:51", "end": "00:43:55", "text": "attachment to is a Bitcoin. Everything"}, {"start": "00:43:53", "end": "00:43:58", "text": "else is kind of cho chopping block"}, {"start": "00:43:55", "end": "00:44:00", "text": "available, right? And so the conviction"}, {"start": "00:43:58", "end": "00:44:01", "text": "to sell, which is not the time to sell"}, {"start": "00:44:00", "end": "00:44:02", "text": "right now, by the way, ladies and"}, {"start": "00:44:01", "end": "00:44:04", "text": "gentlemen, we got to we for by all"}, {"start": "00:44:02", "end": "00:44:05", "text": "intents and purposes, right? We've we've"}, {"start": "00:44:04", "end": "00:44:07", "text": "been covering a lot of this on the"}, {"start": "00:44:05", "end": "00:44:08", "text": "channel, but we have so many things that"}, {"start": "00:44:07", "end": "00:44:10", "text": "are saying like the reclaiming of the"}, {"start": "00:44:08", "end": "00:44:13", "text": "50we EMA as a great example. The last"}, {"start": "00:44:10", "end": "00:44:16", "text": "time we claimed the 50we EMA after a"}, {"start": "00:44:13", "end": "00:44:18", "text": "bare market, the market ran for about"}, {"start": "00:44:16", "end": "00:44:21", "text": "uhund let's say about on average it runs"}, {"start": "00:44:18", "end": "00:44:23", "text": "for about 120 weeks before we get the"}, {"start": "00:44:21", "end": "00:44:25", "text": "final top in. So we're not at the time"}, {"start": "00:44:23", "end": "00:44:26", "text": "to sell, but remember this later because"}, {"start": "00:44:25", "end": "00:44:29", "text": "you have to have conviction to sell. And"}, {"start": "00:44:26", "end": "00:44:30", "text": "I like your idea about dollar cost out"}, {"start": "00:44:29", "end": "00:44:31", "text": "of the market."}, {"start": "00:44:30", "end": "00:44:35", "text": ">> And the one thing I really like about"}, {"start": "00:44:31", "end": "00:44:37", "text": "that is that it it familiarizes you with"}, {"start": "00:44:35", "end": "00:44:37", "text": "where the sell button actually is."}, {"start": "00:44:37", "end": "00:44:40", "text": ">> Yeah."}, {"start": "00:44:37", "end": "00:44:41", "text": ">> It removes the sort of fear around"}, {"start": "00:44:40", "end": "00:44:43", "text": "selling like, oh gosh, but if I sell"}, {"start": "00:44:41", "end": "00:44:45", "text": "now, it is going to keep going up"}, {"start": "00:44:43", "end": "00:44:47", "text": "forever, right?"}, {"start": "00:44:45", "end": "00:44:48", "text": "The thing is is like when the numbers"}, {"start": "00:44:47", "end": "00:44:49", "text": "start getting too big and I and I hope"}, {"start": "00:44:48", "end": "00:44:51", "text": "that this happens for you who is"}, {"start": "00:44:49", "end": "00:44:53", "text": "listening to this uh conversation right"}, {"start": "00:44:51", "end": "00:44:55", "text": "now that you invest in something and"}, {"start": "00:44:53", "end": "00:44:56", "text": "then it does a 10x it does a 20x and"}, {"start": "00:44:55", "end": "00:44:57", "text": "you're sitting there looking at this"}, {"start": "00:44:56", "end": "00:45:00", "text": "number like oh my gosh this is a huge"}, {"start": "00:44:57", "end": "00:45:03", "text": "amount of money. The problem when that"}, {"start": "00:45:00", "end": "00:45:04", "text": "happens is that suddenly your lizard"}, {"start": "00:45:03", "end": "00:45:06", "text": "brain kicks in goes but what if it"}, {"start": "00:45:04", "end": "00:45:06", "text": "doubles again?"}, {"start": "00:45:06", "end": "00:45:07", "text": ">> Yeah."}, {"start": "00:45:06", "end": "00:45:08", "text": ">> And then what if it doubles again after"}, {"start": "00:45:07", "end": "00:45:10", "text": "that?"}, {"start": "00:45:08", "end": "00:45:12", "text": ">> Right. Oh, you're a genius. It's going"}, {"start": "00:45:10", "end": "00:45:13", "text": "to keep going up forever. You don't sell"}, {"start": "00:45:12", "end": "00:45:15", "text": "anything and you start bargaining with"}, {"start": "00:45:13", "end": "00:45:17", "text": "yourself when it drops 20% the next day."}, {"start": "00:45:15", "end": "00:45:18", "text": ">> Yeah, but it's just a it's just Yeah,"}, {"start": "00:45:17", "end": "00:45:20", "text": "it's gonna come back. It's just a cool"}, {"start": "00:45:18", "end": "00:45:22", "text": "off, you know. Yeah, Fed's hiking"}, {"start": "00:45:20", "end": "00:45:24", "text": "interest rates again, you know,"}, {"start": "00:45:22", "end": "00:45:26", "text": "whatever. H nuclear war happened. Yeah,"}, {"start": "00:45:24", "end": "00:45:27", "text": "but it's just a just a small bump in the"}, {"start": "00:45:26", "end": "00:45:29", "text": "road. We're going to be back soon. And"}, {"start": "00:45:27", "end": "00:45:31", "text": "then before you know it, you've roundt"}, {"start": "00:45:29", "end": "00:45:34", "text": "the entire bag. You've never taken a"}, {"start": "00:45:31", "end": "00:45:36", "text": "single dime off the table. So,"}, {"start": "00:45:34", "end": "00:45:38", "text": "this is all very wise. This is from, you"}, {"start": "00:45:36", "end": "00:45:39", "text": "know, the crypto grandpas over here. You"}, {"start": "00:45:38", "end": "00:45:41", "text": "know, we've been in the market so long."}, {"start": "00:45:39", "end": "00:45:45", "text": "like remember to take profits guys."}, {"start": "00:45:41", "end": "00:45:48", "text": "Yeah, it's so easy to press buy. It's so"}, {"start": "00:45:45", "end": "00:45:49", "text": "difficult to press sell. Like so"}, {"start": "00:45:48", "end": "00:45:50", "text": "difficult. And when you talk about the"}, {"start": "00:45:49", "end": "00:45:52", "text": "familiarization"}, {"start": "00:45:50", "end": "00:45:54", "text": "for all of us think we've bought all of"}, {"start": "00:45:52", "end": "00:45:56", "text": "us have bought lots of cryptos many"}, {"start": "00:45:54", "end": "00:45:57", "text": "times over whether we're dollar cost"}, {"start": "00:45:56", "end": "00:45:59", "text": "averaging or buying the dip or whatever."}, {"start": "00:45:57", "end": "00:46:01", "text": "Buy by buy we've we've physically"}, {"start": "00:45:59", "end": "00:46:04", "text": "pressed that button many times. But the"}, {"start": "00:46:01", "end": "00:46:06", "text": "sell button it's very unfamiliar. But I"}, {"start": "00:46:04", "end": "00:46:08", "text": "can tell you as you've experienced"}, {"start": "00:46:06", "end": "00:46:11", "text": "yourself, when you actually sell crypto"}, {"start": "00:46:08", "end": "00:46:12", "text": "and you take the profits, at first, the"}, {"start": "00:46:11", "end": "00:46:14", "text": "very first time you do it, you're like,"}, {"start": "00:46:12", "end": "00:46:16", "text": "\"Ah, maybe I shouldn't have.\" But the"}, {"start": "00:46:14", "end": "00:46:17", "text": "next morning when you wake up and you're"}, {"start": "00:46:16", "end": "00:46:20", "text": "sitting with five, six, sometimes seven"}, {"start": "00:46:17", "end": "00:46:22", "text": "figures in your spot account in in your"}, {"start": "00:46:20", "end": "00:46:24", "text": "cash account, you're like, \"Man, that's"}, {"start": "00:46:22", "end": "00:46:25", "text": "that's awesome.\" And even if it goes up,"}, {"start": "00:46:24", "end": "00:46:27", "text": "I actually find that I'm not even really"}, {"start": "00:46:25", "end": "00:46:29", "text": "tracking it anymore. I'm looking at the"}, {"start": "00:46:27", "end": "00:46:30", "text": "six or seven figures that are fitting"}, {"start": "00:46:29", "end": "00:46:31", "text": "sitting in my dirty fiat account, and"}, {"start": "00:46:30", "end": "00:46:33", "text": "it's like,"}, {"start": "00:46:31", "end": "00:46:34", "text": ">> \"Hey, this is great.\" And and the other"}, {"start": "00:46:33", "end": "00:46:36", "text": "thing that I think is really important"}, {"start": "00:46:34", "end": "00:46:40", "text": "like is that when we talk about tribes"}, {"start": "00:46:36", "end": "00:46:41", "text": "in crypto, we're terrible in the crypto"}, {"start": "00:46:40", "end": "00:46:43", "text": "land. If you look at mainstream"}, {"start": "00:46:41", "end": "00:46:45", "text": "investors that you don't do you think"}, {"start": "00:46:43", "end": "00:46:46", "text": "that the big boys are saying, \"Oh, I'm"}, {"start": "00:46:45", "end": "00:46:49", "text": "not going to buy Apple because I've got"}, {"start": "00:46:46", "end": "00:46:51", "text": "Microsoft.\" They don't care. But yet we"}, {"start": "00:46:49", "end": "00:46:52", "text": "do that in crypto. We we're idiots. Like"}, {"start": "00:46:51", "end": "00:46:54", "text": "there's no way I'm going to buy Salana"}, {"start": "00:46:52", "end": "00:46:56", "text": "cuz I've got Ethereum. I'm like they're"}, {"start": "00:46:54", "end": "00:46:58", "text": "not your wife. You're not cheating on"}, {"start": "00:46:56", "end": "00:46:59", "text": "your wife when you buy another coin. And"}, {"start": "00:46:58", "end": "00:47:01", "text": "the communities, it's great that there's"}, {"start": "00:46:59", "end": "00:47:04", "text": "communities in the cryptoland. Awesome."}, {"start": "00:47:01", "end": "00:47:06", "text": "It's fantastic. But these coins don't"}, {"start": "00:47:04", "end": "00:47:07", "text": "care about you. They are just code on a"}, {"start": "00:47:06", "end": "00:47:08", "text": "screen. They don't give a rat's ass"}, {"start": "00:47:07", "end": "00:47:11", "text": "about you. They're not going to have"}, {"start": "00:47:08", "end": "00:47:12", "text": "their feelings hurt if you sell. And the"}, {"start": "00:47:11", "end": "00:47:15", "text": "communities, as tight as we believe the"}, {"start": "00:47:12", "end": "00:47:17", "text": "tribes are, whether it be the XRP army,"}, {"start": "00:47:15", "end": "00:47:19", "text": "the Cardonians, the Sultanas, as I like"}, {"start": "00:47:17", "end": "00:47:21", "text": "to call them, at the end of the day,"}, {"start": "00:47:19", "end": "00:47:23", "text": "when it comes to selling, you're on your"}, {"start": "00:47:21", "end": "00:47:25", "text": "own. More importantly, when the market"}, {"start": "00:47:23", "end": "00:47:27", "text": "falls down and you have failed to take"}, {"start": "00:47:25", "end": "00:47:30", "text": "your profits, I give this to everyone as"}, {"start": "00:47:27", "end": "00:47:33", "text": "a test. If you believe that your crypto"}, {"start": "00:47:30", "end": "00:47:35", "text": "tribe is the best tribe in the world, I"}, {"start": "00:47:33", "end": "00:47:37", "text": "want you to write to them and say, \"Hey"}, {"start": "00:47:35", "end": "00:47:39", "text": "guys, I forgot to take profits. Can"}, {"start": "00:47:37", "end": "00:47:41", "text": "someone pay me?\" You are on your own. No"}, {"start": "00:47:39", "end": "00:47:43", "text": "one cares. No one cares about you. Now,"}, {"start": "00:47:41", "end": "00:47:45", "text": "this is actually liberating. No one"}, {"start": "00:47:43", "end": "00:47:47", "text": "gives a damn. When when things are going"}, {"start": "00:47:45", "end": "00:47:48", "text": "up, everyone's like the best of friends."}, {"start": "00:47:47", "end": "00:47:50", "text": "Hey, this is great. Let's go on a yacht"}, {"start": "00:47:48", "end": "00:47:53", "text": "party. Let's do this. Let's do that. But"}, {"start": "00:47:50", "end": "00:47:54", "text": "when things are starting to get tough,"}, {"start": "00:47:53", "end": "00:47:55", "text": ">> you can actually see some of these"}, {"start": "00:47:54", "end": "00:47:57", "text": "tribes, they start to tear each other"}, {"start": "00:47:55", "end": "00:47:58", "text": "apart. they start to cannibalize"}, {"start": "00:47:57", "end": "00:48:01", "text": "themselves and they start to shame"}, {"start": "00:47:58", "end": "00:48:03", "text": "people and insult people as I you know"}, {"start": "00:48:01", "end": "00:48:05", "text": "I've experienced it on my live streams"}, {"start": "00:48:03", "end": "00:48:08", "text": "you experienced it on your liveream if"}, {"start": "00:48:05", "end": "00:48:09", "text": "you don't bow to Cardano or the XRP army"}, {"start": "00:48:08", "end": "00:48:11", "text": "and I will only talk about these two"}, {"start": "00:48:09", "end": "00:48:13", "text": "because they're they're big coins"}, {"start": "00:48:11", "end": "00:48:15", "text": "they're big powerhouse coins was in the"}, {"start": "00:48:13", "end": "00:48:17", "text": "top five at one stage XRP was at number"}, {"start": "00:48:15", "end": "00:48:19", "text": "two at one stage from memory these are"}, {"start": "00:48:17", "end": "00:48:22", "text": "powerhouse coins but when anyone steps"}, {"start": "00:48:19", "end": "00:48:24", "text": "away and goes yeah I'm not really into"}, {"start": "00:48:22", "end": "00:48:25", "text": "it anymore and you get so much hate and"}, {"start": "00:48:24", "end": "00:48:27", "text": "aggression I don't know about you But"}, {"start": "00:48:25", "end": "00:48:28", "text": "I've had threats for not liking a"}, {"start": "00:48:27", "end": "00:48:30", "text": "certain coin."}, {"start": "00:48:28", "end": "00:48:31", "text": ">> People lose their [�__�] minds. But"}, {"start": "00:48:30", "end": "00:48:33", "text": "it's projection. It's projection cuz"}, {"start": "00:48:31", "end": "00:48:34", "text": "they didn't. They're now regretting"}, {"start": "00:48:33", "end": "00:48:36", "text": "their lack of action, right? That's what"}, {"start": "00:48:34", "end": "00:48:38", "text": "it always comes down to. It's always"}, {"start": "00:48:36", "end": "00:48:39", "text": "projection situation."}, {"start": "00:48:38", "end": "00:48:42", "text": ">> So yeah, it definitely happens. One"}, {"start": "00:48:39", "end": "00:48:44", "text": "thing, it's not the time to sell, guys,"}, {"start": "00:48:42", "end": "00:48:45", "text": "by by most metrics, okay? Just again,"}, {"start": "00:48:44", "end": "00:48:46", "text": "you can always sell short positions or"}, {"start": "00:48:45", "end": "00:48:48", "text": "whatever. If you're in some highly"}, {"start": "00:48:46", "end": "00:48:49", "text": "speculated meme coin, stuff like that,"}, {"start": "00:48:48", "end": "00:48:51", "text": "remember to set money aside for taxes"}, {"start": "00:48:49", "end": "00:48:53", "text": "and all that kind of stuff. And one"}, {"start": "00:48:51", "end": "00:48:55", "text": "thing I always find useful when it comes"}, {"start": "00:48:53", "end": "00:48:56", "text": "to taking profits, buy yourself"}, {"start": "00:48:55", "end": "00:48:57", "text": "something. Take the money out of the"}, {"start": "00:48:56", "end": "00:48:58", "text": "account. Get it out of your trading"}, {"start": "00:48:57", "end": "00:49:00", "text": "account. Don't keep rolling the dice in"}, {"start": "00:48:58", "end": "00:49:02", "text": "the casino. Take a meaningful amount"}, {"start": "00:49:00", "end": "00:49:03", "text": "out. Go buy yourself a boat or something"}, {"start": "00:49:02", "end": "00:49:04", "text": "or, you know, a hat or a pair of shoes"}, {"start": "00:49:03", "end": "00:49:06", "text": "or something. Be a boat, you know? But"}, {"start": "00:49:04", "end": "00:49:08", "text": "like go and make it real, right? Make it"}, {"start": "00:49:06", "end": "00:49:10", "text": "real so you actually see it's not just"}, {"start": "00:49:08", "end": "00:49:12", "text": "numbers on a screen anymore because the"}, {"start": "00:49:10", "end": "00:49:14", "text": "numbers on a screen can feel real all"}, {"start": "00:49:12", "end": "00:49:15", "text": "the time, right? So that's something to"}, {"start": "00:49:14", "end": "00:49:18", "text": "keep in mind. Now I want to move on from"}, {"start": "00:49:15", "end": "00:49:21", "text": "the selling topic to the buying topic,"}, {"start": "00:49:18", "end": "00:49:23", "text": "Adam, because right now I feel there are"}, {"start": "00:49:21", "end": "00:49:25", "text": "some absolutely incredible opportunities"}, {"start": "00:49:23", "end": "00:49:28", "text": "in the market. When you start looking at"}, {"start": "00:49:25", "end": "00:49:29", "text": "like Salana D5 or some of the new D5"}, {"start": "00:49:28", "end": "00:49:31", "text": "primitives, there's some crazy"}, {"start": "00:49:29", "end": "00:49:32", "text": "experimentation happening on Robin Hood"}, {"start": "00:49:31", "end": "00:49:33", "text": "chain right now. People come all kinds"}, {"start": "00:49:32", "end": "00:49:36", "text": "of crazy [�__�] I love to see it. It's"}, {"start": "00:49:33", "end": "00:49:38", "text": "great. Um or even some of this, you"}, {"start": "00:49:36", "end": "00:49:39", "text": "know, bass. I know Bass is not being a"}, {"start": "00:49:38", "end": "00:49:41", "text": "lot of attention, but it'll have"}, {"start": "00:49:39", "end": "00:49:43", "text": "probably some kind of comeback at some"}, {"start": "00:49:41", "end": "00:49:45", "text": "point. So, there's a lot of things out"}, {"start": "00:49:43", "end": "00:49:46", "text": "there that I think if you are a savvy"}, {"start": "00:49:45", "end": "00:49:49", "text": "investor and you look around, you do a"}, {"start": "00:49:46", "end": "00:49:52", "text": "little bit of your homework. There are"}, {"start": "00:49:49", "end": "00:49:53", "text": "20, 30, 50 X's sitting there on the"}, {"start": "00:49:52", "end": "00:49:55", "text": "market right now, you don't have to"}, {"start": "00:49:53", "end": "00:49:56", "text": "gamble on the newest memecoin launch."}, {"start": "00:49:55", "end": "00:49:58", "text": "You can get incredible returns off of"}, {"start": "00:49:56", "end": "00:50:00", "text": "buying some more established players"}, {"start": "00:49:58", "end": "00:50:01", "text": "that are and I I did a video on this"}, {"start": "00:50:00", "end": "00:50:02", "text": "yesterday. It's crazy. Some of this"}, {"start": "00:50:01", "end": "00:50:04", "text": "stuff people feel like they're too late"}, {"start": "00:50:02", "end": "00:50:06", "text": "and some of the stuff's still 70 80 90%"}, {"start": "00:50:04", "end": "00:50:07", "text": "under their all-time highs. So, there"}, {"start": "00:50:06", "end": "00:50:09", "text": "are lots of opportunities out there. So,"}, {"start": "00:50:07", "end": "00:50:11", "text": "Adam, I want to know what are you buying"}, {"start": "00:50:09", "end": "00:50:12", "text": "right now for the last three months?"}, {"start": "00:50:11", "end": "00:50:13", "text": "What are the things you've pressed the"}, {"start": "00:50:12", "end": "00:50:17", "text": "buy button on?"}, {"start": "00:50:13", "end": "00:50:20", "text": ">> Look, ISO 200022 compliant coins such as"}, {"start": "00:50:17", "end": "00:50:21", "text": "I I'm not a fan of it, but I'm just I"}, {"start": "00:50:20", "end": "00:50:23", "text": "don't discriminate against profits. I"}, {"start": "00:50:21", "end": "00:50:25", "text": "just see that the narrative is going to"}, {"start": "00:50:23", "end": "00:50:27", "text": "be gain some momentum and push some of"}, {"start": "00:50:25", "end": "00:50:29", "text": "these coins up. First of all, I like"}, {"start": "00:50:27", "end": "00:50:31", "text": "Near Protocol. I think Near Protocol has"}, {"start": "00:50:29", "end": "00:50:33", "text": "some great potential moving forward. I I"}, {"start": "00:50:31", "end": "00:50:36", "text": "think potent is looking very uh"}, {"start": "00:50:33", "end": "00:50:38", "text": "attractive as well, noting its supply"}, {"start": "00:50:36", "end": "00:50:40", "text": "and noting how long it's been around."}, {"start": "00:50:38", "end": "00:50:42", "text": "When you also talk about, you know, some"}, {"start": "00:50:40", "end": "00:50:43", "text": "of these older coins that that they"}, {"start": "00:50:42", "end": "00:50:45", "text": "haven't broken, it's just that the whole"}, {"start": "00:50:43", "end": "00:50:46", "text": "market has fall down fallen down. And"}, {"start": "00:50:45", "end": "00:50:48", "text": "when you see a coin that is"}, {"start": "00:50:46", "end": "00:50:51", "text": "fundamentally got good volume, good"}, {"start": "00:50:48", "end": "00:50:53", "text": "history, uh good action on chain, and"}, {"start": "00:50:51", "end": "00:50:56", "text": "it's down 70 or 80%. I mean, that's a"}, {"start": "00:50:53", "end": "00:50:58", "text": "no-brainer. It is a no-brainer. As this"}, {"start": "00:50:56", "end": "00:51:00", "text": "rising tide lifts all ships, that those"}, {"start": "00:50:58", "end": "00:51:02", "text": "ones are just kind of free money."}, {"start": "00:51:00", "end": "00:51:03", "text": ">> The the ISO narrative has died down a"}, {"start": "00:51:02", "end": "00:51:05", "text": "little bit."}, {"start": "00:51:03", "end": "00:51:08", "text": "Look, when we look at Sooie, Avalanche,"}, {"start": "00:51:05", "end": "00:51:10", "text": "Nia, uh,"}, {"start": "00:51:08", "end": "00:51:13", "text": "Chain Link, Chain Link is is looking"}, {"start": "00:51:10", "end": "00:51:14", "text": "pretty good. Salana, of course, BNB, I"}, {"start": "00:51:13", "end": "00:51:15", "text": "mean, it's already got a big market cap."}, {"start": "00:51:14", "end": "00:51:17", "text": "It's done pretty well. I think that's"}, {"start": "00:51:15", "end": "00:51:20", "text": "just a 2x there. That's pretty easy. I"}, {"start": "00:51:17", "end": "00:51:21", "text": "think it's at 786. I think a 2x is"}, {"start": "00:51:20", "end": "00:51:23", "text": "pretty easy from there. I think"}, {"start": "00:51:21", "end": "00:51:26", "text": "Ethereum, a 4x is quite easy. But, of"}, {"start": "00:51:23", "end": "00:51:29", "text": "course, we want stupid money here. Here"}, {"start": "00:51:26", "end": "00:51:31", "text": "we go off off the tracks a little bit. I"}, {"start": "00:51:29", "end": "00:51:34", "text": "actually believe that some of the old"}, {"start": "00:51:31", "end": "00:51:36", "text": "school meme coins are going to do a run"}, {"start": "00:51:34", "end": "00:51:39", "text": "because there are DGEN investors or"}, {"start": "00:51:36", "end": "00:51:41", "text": "gamblers out there and some of the old"}, {"start": "00:51:39", "end": "00:51:42", "text": "school meme coins there's going to be"}, {"start": "00:51:41", "end": "00:51:43", "text": "new ones. There's too many to know and"}, {"start": "00:51:42", "end": "00:51:46", "text": "who knows which ones are going to do"}, {"start": "00:51:43", "end": "00:51:50", "text": "well. But I actually still think SHIB,"}, {"start": "00:51:46", "end": "00:51:52", "text": "Pepe, and Doge, those three coins,"}, {"start": "00:51:50", "end": "00:51:54", "text": ">> I'm not talking a 1000x. I mean, if you"}, {"start": "00:51:52", "end": "00:51:56", "text": "look at Shibet, you know, I think it did"}, {"start": "00:51:54", "end": "00:51:59", "text": "13 million% from its alltime low. Like"}, {"start": "00:51:56", "end": "00:52:03", "text": "something ridiculous. I I I'm not saying"}, {"start": "00:51:59", "end": "00:52:04", "text": "it's going to do that, but 5x 10x. Yeah."}, {"start": "00:52:03", "end": "00:52:06", "text": "Yeah. I I think I mean and 10x and of"}, {"start": "00:52:04", "end": "00:52:08", "text": "course many people like they want to"}, {"start": "00:52:06", "end": "00:52:10", "text": "come and say, \"No, I don't want 10x. I"}, {"start": "00:52:08", "end": "00:52:14", "text": "want a,000x.\" I'm like, \"Dude, 10x in a"}, {"start": "00:52:10", "end": "00:52:17", "text": "year, 10x in 6 months.\" 10xane. It's"}, {"start": "00:52:14", "end": "00:52:19", "text": "huge returns. But where we're we're both"}, {"start": "00:52:17", "end": "00:52:21", "text": "blessed and cursed in the crypto land."}, {"start": "00:52:19", "end": "00:52:23", "text": "We're blessed that we now have so much"}, {"start": "00:52:21", "end": "00:52:25", "text": "more industry knowledge, corporate"}, {"start": "00:52:23", "end": "00:52:27", "text": "knowledge, and better commentators that"}, {"start": "00:52:25", "end": "00:52:29", "text": "have been here for the long haul, who"}, {"start": "00:52:27", "end": "00:52:31", "text": "haven't sold some shitcoin that they've"}, {"start": "00:52:29", "end": "00:52:32", "text": "made themselves. Haven't done a rugpool."}, {"start": "00:52:31", "end": "00:52:34", "text": "If we've made mistakes, we've done it"}, {"start": "00:52:32", "end": "00:52:36", "text": "publicly, and we've apologized. We've"}, {"start": "00:52:34", "end": "00:52:39", "text": "got a track record of making good calls."}, {"start": "00:52:36", "end": "00:52:40", "text": "We show our name. We show our face,"}, {"start": "00:52:39", "end": "00:52:42", "text": "which is way different to what we"}, {"start": "00:52:40", "end": "00:52:44", "text": "experienced back in 2016. I mean, it was"}, {"start": "00:52:42", "end": "00:52:46", "text": "just a wild, wild west. You'd wake up in"}, {"start": "00:52:44", "end": "00:52:48", "text": "the morning rich and go to bed broke."}, {"start": "00:52:46", "end": "00:52:50", "text": "You would walk through the figurative"}, {"start": "00:52:48", "end": "00:52:53", "text": "cryptoland and see dead crypto bodies"}, {"start": "00:52:50", "end": "00:52:56", "text": "lying around. It was chaos. If people"}, {"start": "00:52:53", "end": "00:52:57", "text": "think it was rough now, man, 2015, 2016,"}, {"start": "00:52:56", "end": "00:52:59", "text": ">> we've got the scars to prove it, man."}, {"start": "00:52:57", "end": "00:53:01", "text": "Like, that's"}, {"start": "00:52:59", "end": "00:53:04", "text": ">> I call them battle stripes. So,"}, {"start": "00:53:01", "end": "00:53:05", "text": "ultimately, you know, look at these 10x"}, {"start": "00:53:04", "end": "00:53:06", "text": "coins that there's so many out there."}, {"start": "00:53:05", "end": "00:53:09", "text": "Look at the ones that have been around"}, {"start": "00:53:06", "end": "00:53:11", "text": "for a while with, you know, great"}, {"start": "00:53:09", "end": "00:53:13", "text": "fundamentals, great volume, great"}, {"start": "00:53:11", "end": "00:53:15", "text": "technology, great development on it with"}, {"start": "00:53:13", "end": "00:53:17", "text": "so much you can see that's now moving"}, {"start": "00:53:15", "end": "00:53:18", "text": "into like Hyperlid. I think Hyperlquid's"}, {"start": "00:53:17", "end": "00:53:20", "text": "got a a big future. The only problem"}, {"start": "00:53:18", "end": "00:53:21", "text": "with Hyperliquid, it's got an unlimited"}, {"start": "00:53:20", "end": "00:53:25", "text": "supply. That that makes me a little bit"}, {"start": "00:53:21", "end": "00:53:26", "text": "nervous. But to be fair, in 20 when it"}, {"start": "00:53:25", "end": "00:53:28", "text": "first came out, I bought a lot of"}, {"start": "00:53:26", "end": "00:53:31", "text": "Dogecoin, not out of wisdom, but out of"}, {"start": "00:53:28", "end": "00:53:34", "text": "stupidity, and it accidentally made me"}, {"start": "00:53:31", "end": "00:53:36", "text": "very, very rich. Now, that that that"}, {"start": "00:53:34", "end": "00:53:39", "text": "wasn't a wise trade, but it was just an"}, {"start": "00:53:36", "end": "00:53:41", "text": "example of being in the market. I was in"}, {"start": "00:53:39", "end": "00:53:44", "text": "the market playing the game and I bought"}, {"start": "00:53:41", "end": "00:53:45", "text": "a lot of Dogecoin and and actually I'm"}, {"start": "00:53:44", "end": "00:53:47", "text": "now going to counter what you were"}, {"start": "00:53:45", "end": "00:53:48", "text": "saying about why not let something go."}, {"start": "00:53:47", "end": "00:53:50", "text": "I'm scarred because I held on to"}, {"start": "00:53:48", "end": "00:53:52", "text": "Dogecoin for years and years and years,"}, {"start": "00:53:50", "end": "00:53:54", "text": "not because I had conviction, but"}, {"start": "00:53:52", "end": "00:53:56", "text": "because at that time I had fear of"}, {"start": "00:53:54", "end": "00:53:57", "text": "pressing sell. And I remember one time I"}, {"start": "00:53:56", "end": "00:53:58", "text": "was at my office and a guy rang up and"}, {"start": "00:53:57", "end": "00:54:00", "text": "my mate and he goes, \"How do I buy"}, {"start": "00:53:58", "end": "00:54:02", "text": "Dogecoin?\" I'm like, \"Do Dogecoin? What"}, {"start": "00:54:00", "end": "00:54:04", "text": "do you want to buy Dogecoin for? that's"}, {"start": "00:54:02", "end": "00:54:05", "text": "a stupid coin. And he goes, \"No, no, no."}, {"start": "00:54:04", "end": "00:54:07", "text": "It's really good.\" I'm like, \"Dude,"}, {"start": "00:54:05", "end": "00:54:08", "text": "Dogecoin, it's not even real. It's got"}, {"start": "00:54:07", "end": "00:54:09", "text": "unlimited supply. It doesn't do"}, {"start": "00:54:08", "end": "00:54:11", "text": "anything. The founders hate it.\" He"}, {"start": "00:54:09", "end": "00:54:13", "text": "goes, \"Open up your phone.\" And I'm"}, {"start": "00:54:11", "end": "00:54:15", "text": "like, \"Oh my god, I'm rich.\" And that"}, {"start": "00:54:13", "end": "00:54:17", "text": "was that was the GameStop. Do you"}, {"start": "00:54:15", "end": "00:54:20", "text": "remember the GameStop Wall Street memes"}, {"start": "00:54:17", "end": "00:54:22", "text": "or Wall Street"}, {"start": "00:54:20", "end": "00:54:23", "text": ">> it made me a fortune now?"}, {"start": "00:54:22", "end": "00:54:26", "text": ">> Amazing."}, {"start": "00:54:23", "end": "00:54:28", "text": ">> That that was an example of a bad trade"}, {"start": "00:54:26", "end": "00:54:31", "text": "can sometimes pay off. But this is a"}, {"start": "00:54:28", "end": "00:54:34", "text": "downfall for us in the cryptoland. When"}, {"start": "00:54:31", "end": "00:54:37", "text": "newbies come in, they hear about the the"}, {"start": "00:54:34", "end": "00:54:39", "text": "Bitcoin boy who made a million dollars"}, {"start": "00:54:37", "end": "00:54:41", "text": "mining Bitcoin on his laptop 16 years"}, {"start": "00:54:39", "end": "00:54:42", "text": "ago, not understanding the technology,"}, {"start": "00:54:41", "end": "00:54:44", "text": "and they're like, \"Well, I want to make"}, {"start": "00:54:42", "end": "00:54:47", "text": "a million off 10 cents. I want to make"}, {"start": "00:54:44", "end": "00:54:48", "text": "$5 million off $1,000.\" And it's like,"}, {"start": "00:54:47", "end": "00:54:50", "text": "well, hey, we all want to,"}, {"start": "00:54:48", "end": "00:54:52", "text": ">> but those days are pretty much gone."}, {"start": "00:54:50", "end": "00:54:55", "text": "They're not completely out of the"}, {"start": "00:54:52", "end": "00:54:57", "text": "question, but almost. I want to make 13"}, {"start": "00:54:55", "end": "00:54:59", "text": "million% on ShibaInu. It's like, yeah,"}, {"start": "00:54:57", "end": "00:55:01", "text": "we all do, mate, but it's more"}, {"start": "00:54:59", "end": "00:55:03", "text": "difficult. So, it's a double-edged"}, {"start": "00:55:01", "end": "00:55:05", "text": "weapon. One, we have more industry"}, {"start": "00:55:03", "end": "00:55:07", "text": "knowledge, more experience, and more"}, {"start": "00:55:05", "end": "00:55:08", "text": "ability to look at what actually"}, {"start": "00:55:07", "end": "00:55:10", "text": "happened in the past. We also have more"}, {"start": "00:55:08", "end": "00:55:11", "text": "regulation to an extent, depending where"}, {"start": "00:55:10", "end": "00:55:13", "text": "you are and what's happening around the"}, {"start": "00:55:11", "end": "00:55:16", "text": "world. But at the same time, we've got"}, {"start": "00:55:13", "end": "00:55:19", "text": "this history of people going, \"No, no, I"}, {"start": "00:55:16", "end": "00:55:21", "text": "don't want 10x. I don't even want 100x."}, {"start": "00:55:19", "end": "00:55:23", "text": "I want 50,000x.\" And that's where these"}, {"start": "00:55:21", "end": "00:55:25", "text": "people get wrecked by the narrative."}, {"start": "00:55:23", "end": "00:55:27", "text": "They fall for some better Bitcoin. This"}, {"start": "00:55:25", "end": "00:55:30", "text": "is the better ship and they get"}, {"start": "00:55:27", "end": "00:55:33", "text": "rugpulled and they get wrecked."}, {"start": "00:55:30", "end": "00:55:36", "text": ">> Yep. It's absolutely true. Now look, you"}, {"start": "00:55:33", "end": "00:55:38", "text": "can right now go and find something and"}, {"start": "00:55:36", "end": "00:55:41", "text": "make, you know, great riches overnight."}, {"start": "00:55:38", "end": "00:55:44", "text": "The problem is you want to be the"}, {"start": "00:55:41", "end": "00:55:46", "text": "exception to the rule and you're"}, {"start": "00:55:44", "end": "00:55:49", "text": "probably not going to be. That's the"}, {"start": "00:55:46", "end": "00:55:51", "text": "problem, right? back back when, you"}, {"start": "00:55:49", "end": "00:55:54", "text": "know, Sheba Enu or not Shibbainu um"}, {"start": "00:55:51", "end": "00:55:56", "text": "Dogecoin, XRP, stuff like this were, you"}, {"start": "00:55:54", "end": "00:55:58", "text": "know, worth fractions of a penny. I"}, {"start": "00:55:56", "end": "00:56:00", "text": "mean, these were extremely contrarian"}, {"start": "00:55:58", "end": "00:56:02", "text": "bets to buy any of this stuff. And now"}, {"start": "00:56:00", "end": "00:56:04", "text": "it's like Bemecoin trenching become a"}, {"start": "00:56:02", "end": "00:56:05", "text": "pretty consensus thing and you might get"}, {"start": "00:56:04", "end": "00:56:07", "text": "lucky and hit the lottery on one of"}, {"start": "00:56:05", "end": "00:56:09", "text": "them, right? But the the majority of the"}, {"start": "00:56:07", "end": "00:56:11", "text": "people that you see on your timeline who"}, {"start": "00:56:09", "end": "00:56:13", "text": "bought something super cheap, it turned"}, {"start": "00:56:11", "end": "00:56:15", "text": "into millions of dollars,"}, {"start": "00:56:13", "end": "00:56:18", "text": "a very large percentage of those are"}, {"start": "00:56:15", "end": "00:56:20", "text": "insiders, part of the cabal, sidewalls,"}, {"start": "00:56:18", "end": "00:56:23", "text": "whatever. It's not it's not what you"}, {"start": "00:56:20", "end": "00:56:25", "text": "think it is, right? So there's there's"}, {"start": "00:56:23", "end": "00:56:27", "text": "almost like a a factory level of"}, {"start": "00:56:25", "end": "00:56:29", "text": "extraction going on right now,"}, {"start": "00:56:27", "end": "00:56:30", "text": "especially in the memecoin space. And"}, {"start": "00:56:29", "end": "00:56:33", "text": "that's something you guys have to keep"}, {"start": "00:56:30", "end": "00:56:34", "text": "in mind is that the system is now"}, {"start": "00:56:33", "end": "00:56:37", "text": "feeding on people wanting to chase that"}, {"start": "00:56:34", "end": "00:56:40", "text": "overnight riches where I mean if you've"}, {"start": "00:56:37", "end": "00:56:42", "text": "never had a 20 30 40 50x return on"}, {"start": "00:56:40", "end": "00:56:44", "text": "something it's insane. It's absolutely"}, {"start": "00:56:42", "end": "00:56:46", "text": "insane. And again there are coins out"}, {"start": "00:56:44", "end": "00:56:49", "text": "there that offer that potential right"}, {"start": "00:56:46", "end": "00:56:51", "text": "now. You mentioned NER. Near is still"}, {"start": "00:56:49", "end": "00:56:53", "text": "80% under its all-time highs. I know"}, {"start": "00:56:51", "end": "00:56:55", "text": "it's had a great run recently. It's gone"}, {"start": "00:56:53", "end": "00:56:56", "text": "from under a dollar. It's four or five"}, {"start": "00:56:55", "end": "00:56:58", "text": "bucks right now. Uh but I think the"}, {"start": "00:56:56", "end": "00:57:00", "text": "all-time high was like 25 26 bucks"}, {"start": "00:56:58", "end": "00:57:03", "text": "something like that. So still even think"}, {"start": "00:57:00", "end": "00:57:04", "text": "about that. Just think about that guys."}, {"start": "00:57:03", "end": "00:57:07", "text": "Even you can find these relatively"}, {"start": "00:57:04", "end": "00:57:09", "text": "consensus assets that are now have"}, {"start": "00:57:07", "end": "00:57:11", "text": "better tech than ever. They've survived."}, {"start": "00:57:09", "end": "00:57:12", "text": "They have lots of daily users. All this"}, {"start": "00:57:11", "end": "00:57:14", "text": "kind of stuff. They have product market"}, {"start": "00:57:12", "end": "00:57:16", "text": "fit for the things that they're doing."}, {"start": "00:57:14", "end": "00:57:18", "text": "And you can get these and probably if we"}, {"start": "00:57:16", "end": "00:57:20", "text": "get a decent market cycle get some"}, {"start": "00:57:18", "end": "00:57:23", "text": "pretty good returns with much much lower"}, {"start": "00:57:20", "end": "00:57:26", "text": "risk than trying to be in the trenches"}, {"start": "00:57:23", "end": "00:57:27", "text": "every day and find those you know tiny"}, {"start": "00:57:26", "end": "00:57:29", "text": "things. Actually funny story about"}, {"start": "00:57:27", "end": "00:57:33", "text": "Shibbeinu by the way I I I am not a"}, {"start": "00:57:29", "end": "00:57:36", "text": "Shibbeinu fan but I I met a guy one time"}, {"start": "00:57:33", "end": "00:57:38", "text": "and he he he had like I don't know a"}, {"start": "00:57:36", "end": "00:57:41", "text": "significant percentage of the supply of"}, {"start": "00:57:38", "end": "00:57:43", "text": "Shibbaenu and he um he sold it like a"}, {"start": "00:57:41", "end": "00:57:45", "text": "week before the pump happened."}, {"start": "00:57:43", "end": "00:57:47", "text": ">> Yeah. uh cuz he finally gave up on it,"}, {"start": "00:57:45", "end": "00:57:48", "text": "right? And like it it like it would have"}, {"start": "00:57:47", "end": "00:57:50", "text": "been worth like"}, {"start": "00:57:48", "end": "00:57:52", "text": ">> hundreds of millions of dollars, even"}, {"start": "00:57:50", "end": "00:57:54", "text": "like a billion bucks or something at the"}, {"start": "00:57:52", "end": "00:57:55", "text": "at the peak. And he was so messed up. He"}, {"start": "00:57:54", "end": "00:57:57", "text": "was like in counseling. He's just like"}, {"start": "00:57:55", "end": "00:57:58", "text": "it destroyed his life,"}, {"start": "00:57:57", "end": "00:58:01", "text": ">> you know? So there's there's that as"}, {"start": "00:57:58", "end": "00:58:03", "text": "well, right? And this is the thing is"}, {"start": "00:58:01", "end": "00:58:05", "text": "every single day in crypto, fortunes are"}, {"start": "00:58:03", "end": "00:58:06", "text": "made and lost and missed and missed"}, {"start": "00:58:05", "end": "00:58:08", "text": "because you're gonna you're gonna fumble"}, {"start": "00:58:06", "end": "00:58:10", "text": "bags, man. It's gonna happen."}, {"start": "00:58:08", "end": "00:58:12", "text": ">> Because he made the move in that"}, {"start": "00:58:10", "end": "00:58:13", "text": "example. Sorry to cut you off, but he"}, {"start": "00:58:12", "end": "00:58:16", "text": "had made the move and he had it."}, {"start": "00:58:13", "end": "00:58:17", "text": ">> I I just quickly I can share a similar"}, {"start": "00:58:16", "end": "00:58:19", "text": "story. I had someone who really in my"}, {"start": "00:58:17", "end": "00:58:21", "text": "community really opened up to me. He"}, {"start": "00:58:19", "end": "00:58:24", "text": "bought a coin"}, {"start": "00:58:21", "end": "00:58:26", "text": ">> uh that you're not too fond of, but he"}, {"start": "00:58:24", "end": "00:58:28", "text": "he bought it up to millions upon"}, {"start": "00:58:26", "end": "00:58:30", "text": "millions upon millions of dollars and he"}, {"start": "00:58:28", "end": "00:58:31", "text": "didn't want to sell it, not because he"}, {"start": "00:58:30", "end": "00:58:33", "text": "didn't want to take profits, but because"}, {"start": "00:58:31", "end": "00:58:35", "text": "he had bought all of his friends and"}, {"start": "00:58:33", "end": "00:58:37", "text": "family into it and he didn't he felt"}, {"start": "00:58:35", "end": "00:58:38", "text": "guilty. He actually morally felt guilty"}, {"start": "00:58:37", "end": "00:58:41", "text": "about dumping on his family. And it's"}, {"start": "00:58:38", "end": "00:58:43", "text": "like, dude, it's like, first of all,"}, {"start": "00:58:41", "end": "00:58:44", "text": "with the with the millions that you had"}, {"start": "00:58:43", "end": "00:58:46", "text": "there, you you could have actually paid"}, {"start": "00:58:44", "end": "00:58:47", "text": "out all of your family if it had gone to"}, {"start": "00:58:46", "end": "00:58:49", "text": "zero. But"}, {"start": "00:58:47", "end": "00:58:51", "text": ">> it goes back to everyone's when it goes"}, {"start": "00:58:49", "end": "00:58:53", "text": "to the cell, we're all on our own. We"}, {"start": "00:58:51", "end": "00:58:54", "text": "are all on our own. But when it comes to"}, {"start": "00:58:53", "end": "00:58:56", "text": "that psychological effect, there was"}, {"start": "00:58:54", "end": "00:58:58", "text": "another article I read where this guy,"}, {"start": "00:58:56", "end": "00:58:59", "text": "he had heaps of Bitcoin. You know, the"}, {"start": "00:58:58", "end": "00:59:01", "text": "classic story, he had lots of Bitcoin"}, {"start": "00:58:59", "end": "00:59:02", "text": "from the early days. It was on his"}, {"start": "00:59:01", "end": "00:59:03", "text": "laptop. His mom threw out the laptop."}, {"start": "00:59:02", "end": "00:59:05", "text": "You know, you've heard the girlfriend,"}, {"start": "00:59:03", "end": "00:59:07", "text": "the mom, the brother, the sister. But"}, {"start": "00:59:05", "end": "00:59:09", "text": "this guy, he actually wrote a very long"}, {"start": "00:59:07", "end": "00:59:11", "text": "article and it was very touching and"}, {"start": "00:59:09", "end": "00:59:13", "text": "moving about and it was quite"}, {"start": "00:59:11", "end": "00:59:15", "text": "depressing, but he he basically said"}, {"start": "00:59:13", "end": "00:59:16", "text": "because he had hundreds of millions of"}, {"start": "00:59:15", "end": "00:59:17", "text": "dollars worth of Bitcoin, hundreds of"}, {"start": "00:59:16", "end": "00:59:19", "text": "millions of dollars, and it was gone"}, {"start": "00:59:17", "end": "00:59:22", "text": "forever. And he wrote this basically"}, {"start": "00:59:19", "end": "00:59:24", "text": "confession saying, \"I know I will never"}, {"start": "00:59:22", "end": "00:59:26", "text": "make this money again. I know this was"}, {"start": "00:59:24", "end": "00:59:28", "text": "my only opportunity in life, and I know"}, {"start": "00:59:26", "end": "00:59:30", "text": "I should get over this, but I will never"}, {"start": "00:59:28", "end": "00:59:33", "text": "get over this. And I've I've pretty much"}, {"start": "00:59:30", "end": "00:59:34", "text": "given up on life now.\" It wasn't a Yeah,"}, {"start": "00:59:33", "end": "00:59:36", "text": "mate. It wasn't a suicide note, but he"}, {"start": "00:59:34", "end": "00:59:39", "text": "just basically said, \"I'm on the bottle"}, {"start": "00:59:36", "end": "00:59:42", "text": "and the bong and and I'm off it all"}, {"start": "00:59:39", "end": "00:59:43", "text": "trading. I just give up on life.\" So,"}, {"start": "00:59:42", "end": "00:59:47", "text": "we've seen people, if you think of the"}, {"start": "00:59:43", "end": "00:59:49", "text": "1010 disaster, you know,"}, {"start": "00:59:47", "end": "00:59:52", "text": "people took their lives on that. When"}, {"start": "00:59:49", "end": "00:59:52", "text": "you think of FTX, Celsius, u many of"}, {"start": "00:59:52", "end": "00:59:54", "text": "these things,"}, {"start": "00:59:52", "end": "00:59:56", "text": ">> absolute disasters. Yeah."}, {"start": "00:59:54", "end": "00:59:58", "text": ">> Yep. People took their lives. They took"}, {"start": "00:59:56", "end": "01:00:01", "text": "their This is serious stuff. When you're"}, {"start": "00:59:58", "end": "01:00:03", "text": "playing with serious money and you lose"}, {"start": "01:00:01", "end": "01:00:05", "text": "the money, it's it's one thing to say,"}, {"start": "01:00:03", "end": "01:00:07", "text": "\"Oh, I should have bought that.\" Like"}, {"start": "01:00:05", "end": "01:00:10", "text": "going back years ago, my friend's"}, {"start": "01:00:07", "end": "01:00:14", "text": "father, he bought into the Ethereum ICO."}, {"start": "01:00:10", "end": "01:00:16", "text": "The Ethereum ICO. Now, all ICO, all ICO,"}, {"start": "01:00:14", "end": "01:00:18", "text": "the majority of ICOs go to nothing, but"}, {"start": "01:00:16", "end": "01:00:20", "text": "Ethereum Ethereum, correct me if I'm"}, {"start": "01:00:18", "end": "01:00:22", "text": "wrong, I think that's the best crypto"}, {"start": "01:00:20", "end": "01:00:24", "text": "ICO in in history. I don't think of any"}, {"start": "01:00:22", "end": "01:00:26", "text": "ICO that's actually done as well as the"}, {"start": "01:00:24", "end": "01:00:27", "text": "Ethereum ICO. He was"}, {"start": "01:00:26", "end": "01:00:29", "text": ">> certainly one of certainly one of the"}, {"start": "01:00:27", "end": "01:00:31", "text": "best without a doubt. Maybe B&B is some"}, {"start": "01:00:29", "end": "01:00:33", "text": "somewhere close or something like that,"}, {"start": "01:00:31", "end": "01:00:34", "text": "but Ethereum top top five if it's not"}, {"start": "01:00:33", "end": "01:00:35", "text": "number one."}, {"start": "01:00:34", "end": "01:00:38", "text": ">> Well, he was sitting on hundreds of"}, {"start": "01:00:35", "end": "01:00:39", "text": "millions of dollars and he lost his"}, {"start": "01:00:38", "end": "01:00:40", "text": "passive."}, {"start": "01:00:39", "end": "01:00:42", "text": ">> Oh no."}, {"start": "01:00:40", "end": "01:00:45", "text": ">> And he's still got it. I mean, that's"}, {"start": "01:00:42", "end": "01:00:46", "text": "what makes it even worse."}, {"start": "01:00:45", "end": "01:00:47", "text": ">> He's still got it, but he can't touch"}, {"start": "01:00:46", "end": "01:00:49", "text": "it."}, {"start": "01:00:47", "end": "01:00:51", "text": ">> And he has to every time he hears"}, {"start": "01:00:49", "end": "01:00:52", "text": "Ethereum goes up, he has to live with"}, {"start": "01:00:51", "end": "01:00:54", "text": "that. God."}, {"start": "01:00:52", "end": "01:00:55", "text": ">> Oh, every day. Every day you're faced"}, {"start": "01:00:54", "end": "01:00:57", "text": "with it. I mean, you got to wake up"}, {"start": "01:00:55", "end": "01:00:58", "text": "every day and think, I could be worth"}, {"start": "01:00:57", "end": "01:00:59", "text": "hundreds of millions of dollars right"}, {"start": "01:00:58", "end": "01:01:01", "text": "now, but I can't"}, {"start": "01:00:59", "end": "01:01:03", "text": ">> pay off my credit card. I can't fill up"}, {"start": "01:01:01", "end": "01:01:06", "text": "my car. I can't take my kids on a"}, {"start": "01:01:03", "end": "01:01:06", "text": "holiday."}, {"start": "01:01:08", "end": "01:01:13", "text": ">> Yeah. And well, now we understand why"}, {"start": "01:01:11", "end": "01:01:14", "text": "IBIT and stuff like this is so popular"}, {"start": "01:01:13", "end": "01:01:16", "text": "because Black Rockck's not going to lose"}, {"start": "01:01:14", "end": "01:01:16", "text": "the password, man."}, {"start": "01:01:16", "end": "01:01:17", "text": ">> Yeah."}, {"start": "01:01:16", "end": "01:01:19", "text": ">> Yeah."}, {"start": "01:01:17", "end": "01:01:21", "text": ">> Well, I mean, the experienced ones say,"}, {"start": "01:01:19", "end": "01:01:22", "text": "you know, not your keys, not your coin."}, {"start": "01:01:21", "end": "01:01:25", "text": "And of course I get it, but my rule is"}, {"start": "01:01:22", "end": "01:01:28", "text": "never more than 20% in any one place."}, {"start": "01:01:25", "end": "01:01:29", "text": "Whether it's five separate wallets or"}, {"start": "01:01:28", "end": "01:01:33", "text": "even someone on an exchange or some in"}, {"start": "01:01:29", "end": "01:01:34", "text": "an ETF. Um, look, the reality is"}, {"start": "01:01:33", "end": "01:01:37", "text": "everyone says no, you've got to hold it"}, {"start": "01:01:34", "end": "01:01:39", "text": "yourself. But you make a good plan today"}, {"start": "01:01:37", "end": "01:01:40", "text": "and then in 10 years time it's like,"}, {"start": "01:01:39", "end": "01:01:42", "text": "well, where was the seed phrase again?"}, {"start": "01:01:40", "end": "01:01:44", "text": "Where did I put this cold wallet? Or"}, {"start": "01:01:42", "end": "01:01:45", "text": "more importantly,"}, {"start": "01:01:44", "end": "01:01:47", "text": ">> let's face it, we're all going to die at"}, {"start": "01:01:45", "end": "01:01:50", "text": "some stage. If you die, this this is"}, {"start": "01:01:47", "end": "01:01:52", "text": "money you can take to the grave. you do"}, {"start": "01:01:50", "end": "01:01:53", "text": "take it to the grave. It's not like it's"}, {"start": "01:01:52", "end": "01:01:56", "text": "sitting in a bank where you know it's"}, {"start": "01:01:53", "end": "01:01:57", "text": "just passed on to your next of kin. And"}, {"start": "01:01:56", "end": "01:01:59", "text": "so if for all of you out there, if"}, {"start": "01:01:57", "end": "01:02:01", "text": "you've got money, like serious money in"}, {"start": "01:01:59", "end": "01:02:04", "text": "crypto, make sure your loved ones know"}, {"start": "01:02:01", "end": "01:02:07", "text": "that, hey sweetie, if I die tomorrow,"}, {"start": "01:02:04", "end": "01:02:08", "text": "this is how you access the money. It's"}, {"start": "01:02:07", "end": "01:02:10", "text": "serious stuff because there's no one"}, {"start": "01:02:08", "end": "01:02:12", "text": "that's going to pass this money on to"}, {"start": "01:02:10", "end": "01:02:13", "text": "your loved ones or your kids if you"}, {"start": "01:02:12", "end": "01:02:15", "text": "haven't made a plan to pass it on to"}, {"start": "01:02:13", "end": "01:02:16", "text": "them. And ironically, this is where"}, {"start": "01:02:15", "end": "01:02:18", "text": "sometimes exchanges, I know this is"}, {"start": "01:02:16", "end": "01:02:21", "text": "blasphemy. I know what I'm saying is"}, {"start": "01:02:18", "end": "01:02:23", "text": "blasphemy, but if you leave some money"}, {"start": "01:02:21", "end": "01:02:26", "text": "on exchanges, it happened to a friend"}, {"start": "01:02:23", "end": "01:02:28", "text": "recently uh he was about 63. He died and"}, {"start": "01:02:26", "end": "01:02:30", "text": "he had a lot of money on Coinspot,"}, {"start": "01:02:28", "end": "01:02:32", "text": "Australia's biggest crypto platform in"}, {"start": "01:02:30", "end": "01:02:36", "text": "Australia, one I have a lot of trust in"}, {"start": "01:02:32", "end": "01:02:38", "text": "and and use all the time. Uh he died and"}, {"start": "01:02:36", "end": "01:02:40", "text": "at the funeral I went to his wife and I"}, {"start": "01:02:38", "end": "01:02:42", "text": "said, \"Look, I I'm close friends with"}, {"start": "01:02:40", "end": "01:02:44", "text": "David. He had a lot of money in crypto."}, {"start": "01:02:42", "end": "01:02:45", "text": "Send the lawyers to me. I'll help him"}, {"start": "01:02:44", "end": "01:02:47", "text": "get it back.\" The lawyers rang me up and"}, {"start": "01:02:45", "end": "01:02:48", "text": "they said, \"Where's where's this crypto"}, {"start": "01:02:47", "end": "01:02:50", "text": "you're talking about?\" I said, \"It's"}, {"start": "01:02:48", "end": "01:02:52", "text": "with Coinspot.\" They went to Coinspot."}, {"start": "01:02:50", "end": "01:02:54", "text": "They said, \"Hey, we're the lawyers."}, {"start": "01:02:52", "end": "01:02:55", "text": "We're the executives.\" And they"}, {"start": "01:02:54", "end": "01:02:56", "text": "actually, they said, \"What do you want?"}, {"start": "01:02:55", "end": "01:02:57", "text": "Do you want the Bitcoin or the cash?\""}, {"start": "01:02:56", "end": "01:02:59", "text": "And they said, \"We don't understand"}, {"start": "01:02:57", "end": "01:03:01", "text": "Bitcoin. We'll take the cash.\" And an"}, {"start": "01:02:59", "end": "01:03:03", "text": "exchange liquidated the Bitcoin"}, {"start": "01:03:01", "end": "01:03:04", "text": "immediately and gave it to the estate."}, {"start": "01:03:03", "end": "01:03:06", "text": "And so that was an example of where an"}, {"start": "01:03:04", "end": "01:03:08", "text": "exchange,"}, {"start": "01:03:06", "end": "01:03:11", "text": ">> dare I say, was actually a better place"}, {"start": "01:03:08", "end": "01:03:13", "text": "to leave some, not all, of your crypto."}, {"start": "01:03:11", "end": "01:03:14", "text": ">> Yeah. this sort of purist view of how"}, {"start": "01:03:13", "end": "01:03:16", "text": "things used to be, I don't think is very"}, {"start": "01:03:14", "end": "01:03:18", "text": "useful in 2026. Again, everybody's"}, {"start": "01:03:16", "end": "01:03:18", "text": "afraid there's going to be another FTX."}, {"start": "01:03:18", "end": "01:03:20", "text": "Everybody's going to afraid there's"}, {"start": "01:03:18", "end": "01:03:23", "text": "going to be another Bitfinex, uh,"}, {"start": "01:03:20", "end": "01:03:25", "text": "another um, you know, Mount Gox. We move"}, {"start": "01:03:23", "end": "01:03:26", "text": "beyond that you largely. I'm not saying"}, {"start": "01:03:25", "end": "01:03:27", "text": "there's not going to be more fraud or"}, {"start": "01:03:26", "end": "01:03:28", "text": "whatever in the industry because of"}, {"start": "01:03:27", "end": "01:03:29", "text": "course there will be. It's just crypto."}, {"start": "01:03:28", "end": "01:03:31", "text": "It's obvious. It's always going to"}, {"start": "01:03:29", "end": "01:03:35", "text": "happen. But that that kind of paranoia"}, {"start": "01:03:31", "end": "01:03:37", "text": "um, is a bit I think at this point like"}, {"start": "01:03:35", "end": "01:03:39", "text": "there are new options available to you."}, {"start": "01:03:37", "end": "01:03:41", "text": "And um, two things I wanted to mention."}, {"start": "01:03:39", "end": "01:03:43", "text": "One is that I've got some Pepe. I think"}, {"start": "01:03:41", "end": "01:03:47", "text": "Pepe does good. That's my That's my sort"}, {"start": "01:03:43", "end": "01:03:49", "text": "of old school meme contrarian bet."}, {"start": "01:03:47", "end": "01:03:50", "text": ">> But let's talk about dying, Adam,"}, {"start": "01:03:49", "end": "01:03:52", "text": "because that's a great topic. I think"}, {"start": "01:03:50", "end": "01:03:53", "text": "it's a good place for us to finish our"}, {"start": "01:03:52", "end": "01:03:56", "text": "conversation."}, {"start": "01:03:53", "end": "01:03:58", "text": ">> You're going to die. You right there"}, {"start": "01:03:56", "end": "01:04:00", "text": "watching. Congratulations."}, {"start": "01:03:58", "end": "01:04:00", "text": ">> None of us are getting alive. None of"}, {"start": "01:04:00", "end": "01:04:03", "text": "us."}, {"start": "01:04:00", "end": "01:04:06", "text": ">> No. And so in that idea, I think it's"}, {"start": "01:04:03", "end": "01:04:07", "text": "extremely important. Now, look, I wish"}, {"start": "01:04:06", "end": "01:04:09", "text": "that every single one of you watching is"}, {"start": "01:04:07", "end": "01:04:10", "text": "going to make so much effing money over"}, {"start": "01:04:09", "end": "01:04:11", "text": "the next two to three years that you're"}, {"start": "01:04:10", "end": "01:04:13", "text": "going to actually be able to set up"}, {"start": "01:04:11", "end": "01:04:15", "text": "something to leave something for"}, {"start": "01:04:13", "end": "01:04:17", "text": "somebody that you have somebody to leave"}, {"start": "01:04:15", "end": "01:04:18", "text": "something for. Most importantly, you"}, {"start": "01:04:17", "end": "01:04:20", "text": "know, guys, if if you know, if you don't"}, {"start": "01:04:18", "end": "01:04:21", "text": "have don't have any kids yet, go make"}, {"start": "01:04:20", "end": "01:04:22", "text": "some kids, man. It's the best thing"}, {"start": "01:04:21", "end": "01:04:24", "text": "you're ever going to do with your life"}, {"start": "01:04:22", "end": "01:04:26", "text": "for for certain. Now, I've actually set"}, {"start": "01:04:24", "end": "01:04:27", "text": "up a um I'm starting to build I mean,"}, {"start": "01:04:26", "end": "01:04:29", "text": "I've got, you know, the stuff all over"}, {"start": "01:04:27", "end": "01:04:30", "text": "the place. And I worry about this, too,"}, {"start": "01:04:29", "end": "01:04:32", "text": "right? Because I've got my onchain"}, {"start": "01:04:30", "end": "01:04:33", "text": "wallets, got stuff over here, got over"}, {"start": "01:04:32", "end": "01:04:35", "text": "here, right? you know, and I I try to"}, {"start": "01:04:33", "end": "01:04:37", "text": "make sure it's not too complicated and I"}, {"start": "01:04:35", "end": "01:04:38", "text": "even try to reduce the complexity so"}, {"start": "01:04:37", "end": "01:04:40", "text": "that, you know, if anything ever does"}, {"start": "01:04:38", "end": "01:04:41", "text": "happen that it's not that hard to"}, {"start": "01:04:40", "end": "01:04:43", "text": "retrieve. But what I've been thinking"}, {"start": "01:04:41", "end": "01:04:46", "text": "about, of course, is, you know, legacy"}, {"start": "01:04:43", "end": "01:04:50", "text": "and so I've actually set up um a sort of"}, {"start": "01:04:46", "end": "01:04:52", "text": "trust fund account for the kids, right?"}, {"start": "01:04:50", "end": "01:04:54", "text": "So, that's kind of my sort of forward"}, {"start": "01:04:52", "end": "01:04:55", "text": "thinking like, okay,"}, {"start": "01:04:54", "end": "01:04:57", "text": ">> set up the trust fund account and then"}, {"start": "01:04:55", "end": "01:05:00", "text": "what's actually going to be in that"}, {"start": "01:04:57", "end": "01:05:01", "text": "trust fund account because, you know, I"}, {"start": "01:05:00", "end": "01:05:04", "text": "don't know where Bitcoin's going to be"}, {"start": "01:05:01", "end": "01:05:06", "text": "in 20 years, right? So, I I would I"}, {"start": "01:05:04", "end": "01:05:08", "text": "don't it's not actually um 100% Bitcoin."}, {"start": "01:05:06", "end": "01:05:11", "text": "Not even close, actually. It's um much"}, {"start": "01:05:08", "end": "01:05:13", "text": "heavier into uh indexes, you know, the"}, {"start": "01:05:11", "end": "01:05:15", "text": "NASDAQ, the SP500, a broad Chinese fund,"}, {"start": "01:05:13", "end": "01:05:17", "text": "a broad Indian fund. Bitcoin's there,"}, {"start": "01:05:15", "end": "01:05:21", "text": "too. Little bit gold in there. And"}, {"start": "01:05:17", "end": "01:05:22", "text": "that's basically it. And so"}, {"start": "01:05:21", "end": "01:05:23", "text": "this is kind of my long-term planning."}, {"start": "01:05:22", "end": "01:05:27", "text": "What about you? What are you thinking"}, {"start": "01:05:23", "end": "01:05:29", "text": "about um you know in terms of your uh"}, {"start": "01:05:27", "end": "01:05:31", "text": "legacy financial planning for when uh"}, {"start": "01:05:29", "end": "01:05:33", "text": "Adam is no more?"}, {"start": "01:05:31", "end": "01:05:34", "text": ">> It's a tough one, isn't it? Because"}, {"start": "01:05:33", "end": "01:05:36", "text": "here's the thing. So in some of my"}, {"start": "01:05:34", "end": "01:05:39", "text": "private coaching, I've spoken about this"}, {"start": "01:05:36", "end": "01:05:42", "text": "at length with some of my clients have"}, {"start": "01:05:39", "end": "01:05:44", "text": "serious amounts of money in Bitcoin. And"}, {"start": "01:05:42", "end": "01:05:46", "text": "the right thing to do, of course, is you"}, {"start": "01:05:44", "end": "01:05:47", "text": "go to we'll keep it real. So you're a"}, {"start": "01:05:46", "end": "01:05:49", "text": "guy and you're married. So, you go to"}, {"start": "01:05:47", "end": "01:05:51", "text": "your wife and you say, \"Look, honey, if"}, {"start": "01:05:49", "end": "01:05:54", "text": "I die,"}, {"start": "01:05:51", "end": "01:05:56", "text": "I've got $50 million worth of Bitcoin at"}, {"start": "01:05:54", "end": "01:05:59", "text": "today's market value. This is where it"}, {"start": "01:05:56", "end": "01:06:01", "text": "is. This is a seed phrase. This is my"}, {"start": "01:05:59", "end": "01:06:03", "text": "seed phrase. This is where the seed"}, {"start": "01:06:01", "end": "01:06:04", "text": "phrase is. This is how you do it.\" Now,"}, {"start": "01:06:03", "end": "01:06:06", "text": "first of all, you must do a practical"}, {"start": "01:06:04", "end": "01:06:08", "text": "example with your partner. You must make"}, {"start": "01:06:06", "end": "01:06:09", "text": "sure that they are literate in what"}, {"start": "01:06:08", "end": "01:06:11", "text": "they're doing because if you die and"}, {"start": "01:06:09", "end": "01:06:13", "text": "they say, \"I'll get someone in to do"}, {"start": "01:06:11", "end": "01:06:15", "text": "this for me.\" I mean, let's face it,"}, {"start": "01:06:13", "end": "01:06:17", "text": "they could, you know, take a little bit"}, {"start": "01:06:15", "end": "01:06:18", "text": "of cream off the top of the cake, per"}, {"start": "01:06:17", "end": "01:06:21", "text": "se, when you got a professional coming"}, {"start": "01:06:18", "end": "01:06:22", "text": "in to move that Bitcoin. However, L, as"}, {"start": "01:06:21", "end": "01:06:24", "text": "I always try my best to keep things"}, {"start": "01:06:22", "end": "01:06:26", "text": "balanced. What I've been saying to my"}, {"start": "01:06:24", "end": "01:06:27", "text": "clients as well is like, well, how much"}, {"start": "01:06:26", "end": "01:06:28", "text": "do you actually trust your wife or"}, {"start": "01:06:27", "end": "01:06:30", "text": "husband"}, {"start": "01:06:28", "end": "01:06:33", "text": ">> because there are divorces and there are"}, {"start": "01:06:30", "end": "01:06:35", "text": "people who take the kids and the house"}, {"start": "01:06:33", "end": "01:06:37", "text": "and the car and maybe the Bitcoin. And"}, {"start": "01:06:35", "end": "01:06:38", "text": "so, this is where it becomes very tough."}, {"start": "01:06:37", "end": "01:06:39", "text": "If you, you know, you love your partner"}, {"start": "01:06:38", "end": "01:06:40", "text": "and it's like, well, hang on a second."}, {"start": "01:06:39", "end": "01:06:43", "text": "I've just given them the keys to the"}, {"start": "01:06:40", "end": "01:06:46", "text": "castle. What if something goes down? Not"}, {"start": "01:06:43", "end": "01:06:47", "text": "in a good way, as in"}, {"start": "01:06:46", "end": "01:06:50", "text": "a clean death and I want to leave the"}, {"start": "01:06:47", "end": "01:06:52", "text": "estate to the family, but uh we have a"}, {"start": "01:06:50", "end": "01:06:54", "text": "big fight and she runs off or he runs"}, {"start": "01:06:52", "end": "01:06:56", "text": "off with the"}, {"start": "01:06:54", "end": "01:06:59", "text": ">> the pool cleaner."}, {"start": "01:06:56", "end": "01:07:00", "text": "If you give them too much information,"}, {"start": "01:06:59", "end": "01:07:01", "text": "you're going to in fact make yourself"}, {"start": "01:07:00", "end": "01:07:03", "text": "very vulnerable to this stuff being"}, {"start": "01:07:01", "end": "01:07:05", "text": "taken away from you. Now, of course, I"}, {"start": "01:07:03", "end": "01:07:06", "text": "know I realize this is very sensitive."}, {"start": "01:07:05", "end": "01:07:07", "text": "It's like, well, how how dare you"}, {"start": "01:07:06", "end": "01:07:08", "text": "suggest that about my wife? How dare you"}, {"start": "01:07:07", "end": "01:07:09", "text": "suggest that about my husband?"}, {"start": "01:07:08", "end": "01:07:12", "text": ">> It happens."}, {"start": "01:07:09", "end": "01:07:14", "text": ">> It happens. Exactly. It happens. And so"}, {"start": "01:07:12", "end": "01:07:16", "text": "that's why I say, look, all emotion"}, {"start": "01:07:14", "end": "01:07:18", "text": "aside, you really need to make a plan"}, {"start": "01:07:16", "end": "01:07:21", "text": "for yourself. So the number one rule I"}, {"start": "01:07:18", "end": "01:07:23", "text": "do, L, is never more than 20% in any one"}, {"start": "01:07:21", "end": "01:07:24", "text": "place. Need proof. Imagine you said,"}, {"start": "01:07:23", "end": "01:07:26", "text": "right now, I'm taking it all off chain."}, {"start": "01:07:24", "end": "01:07:28", "text": "I'm putting it in a cold card. Well,"}, {"start": "01:07:26", "end": "01:07:30", "text": "congratulations. You've just lost 100%"}, {"start": "01:07:28", "end": "01:07:30", "text": "of everything. If Yeah."}, {"start": "01:07:30", "end": "01:07:32", "text": ">> Yep."}, {"start": "01:07:30", "end": "01:07:35", "text": ">> I'm okay. Well, I'm going to put it all"}, {"start": "01:07:32", "end": "01:07:36", "text": "into FTX. Well, congratulations. Well,"}, {"start": "01:07:35", "end": "01:07:37", "text": "actually, yeah. I haven't lost anything."}, {"start": "01:07:36", "end": "01:07:40", "text": "I think a lot of that money is coming"}, {"start": "01:07:37", "end": "01:07:41", "text": "back to because remember they that money"}, {"start": "01:07:40", "end": "01:07:43", "text": "being recovered."}, {"start": "01:07:41", "end": "01:07:44", "text": ">> Yeah, I think they got I think most the"}, {"start": "01:07:43", "end": "01:07:46", "text": "creditors for FTX getting most of the"}, {"start": "01:07:44", "end": "01:07:48", "text": "money back, but at the market value from"}, {"start": "01:07:46", "end": "01:07:48", "text": "like three or four years ago. So, you"}, {"start": "01:07:48", "end": "01:07:51", "text": "know,"}, {"start": "01:07:48", "end": "01:07:52", "text": ">> so number one, never have it in any more"}, {"start": "01:07:51", "end": "01:07:54", "text": "than and this is just my opinion, never"}, {"start": "01:07:52", "end": "01:07:56", "text": "have more than 20% in any one place. So,"}, {"start": "01:07:54", "end": "01:07:58", "text": "you've broken up into five, not all your"}, {"start": "01:07:56", "end": "01:07:59", "text": "eggs in one basket, five different"}, {"start": "01:07:58", "end": "01:08:02", "text": "baskets. Number two, make sure those"}, {"start": "01:07:59", "end": "01:08:06", "text": "baskets are different. One's a treasure,"}, {"start": "01:08:02", "end": "01:08:09", "text": "one's a ledger, one's a uh ETF, one's an"}, {"start": "01:08:06", "end": "01:08:10", "text": "exchange, a big exchange, and one's, I"}, {"start": "01:08:09", "end": "01:08:12", "text": "don't know, multi-IG wallet. You make"}, {"start": "01:08:10", "end": "01:08:14", "text": "the decision. There's so many different"}, {"start": "01:08:12", "end": "01:08:17", "text": "choices, but but make sure it's"}, {"start": "01:08:14", "end": "01:08:19", "text": "different. Then make sure it's not too"}, {"start": "01:08:17", "end": "01:08:20", "text": "complicated. What I'm guilty of it"}, {"start": "01:08:19", "end": "01:08:22", "text": "myself when I first got into this, I'm"}, {"start": "01:08:20", "end": "01:08:23", "text": "like, \"Right, I'm going to make a"}, {"start": "01:08:22", "end": "01:08:25", "text": "treasure map and it's going to be like"}, {"start": "01:08:23", "end": "01:08:27", "text": "the Goonies with OneEyed Willie, and"}, {"start": "01:08:25", "end": "01:08:29", "text": "you've got to read the map and play the"}, {"start": "01:08:27", "end": "01:08:31", "text": "right piano keys.\" And at the time"}, {"start": "01:08:29", "end": "01:08:32", "text": "you're like, \"No one's ever going to get"}, {"start": "01:08:31", "end": "01:08:33", "text": "this.\" And guess what? Three years"}, {"start": "01:08:32", "end": "01:08:35", "text": "later, I go to get my crypto. I'm like,"}, {"start": "01:08:33", "end": "01:08:36", "text": "\"Yeah, no one's ever going to get this,"}, {"start": "01:08:35", "end": "01:08:37", "text": "including me, because I can't remember"}, {"start": "01:08:36", "end": "01:08:40", "text": "what the hell I did and I didn't write"}, {"start": "01:08:37", "end": "01:08:43", "text": "it down.\""}, {"start": "01:08:40", "end": "01:08:46", "text": "So, it's okay to make it simple but"}, {"start": "01:08:43", "end": "01:08:47", "text": "secure. And what do I mean by that? You"}, {"start": "01:08:46", "end": "01:08:49", "text": "know, you've got a seed phrase. The more"}, {"start": "01:08:47", "end": "01:08:52", "text": "the most important part is the seed"}, {"start": "01:08:49", "end": "01:08:54", "text": "phrase, not so much the uh cold card"}, {"start": "01:08:52", "end": "01:08:55", "text": "device itself or the cold wallet itself."}, {"start": "01:08:54", "end": "01:08:57", "text": "So, if you've got a seed phrase, you"}, {"start": "01:08:55", "end": "01:08:59", "text": "know, I was asked this of Charles"}, {"start": "01:08:57", "end": "01:09:01", "text": "Hoskinson and was it Andre Sonopoulos?"}, {"start": "01:08:59", "end": "01:09:02", "text": "Um, a safety deposit box. And he's like,"}, {"start": "01:09:01", "end": "01:09:03", "text": "well, hang on a second. That's in a"}, {"start": "01:09:02", "end": "01:09:05", "text": "bank. And it's like, yeah, not"}, {"start": "01:09:03", "end": "01:09:07", "text": "everything in a safety deposit box, but"}, {"start": "01:09:05", "end": "01:09:09", "text": "just something that if you die, you can"}, {"start": "01:09:07", "end": "01:09:11", "text": "say, well, go to this safety deposit box"}, {"start": "01:09:09", "end": "01:09:13", "text": "in a bank in a vault under maximum"}, {"start": "01:09:11", "end": "01:09:15", "text": "security. You open it up and the sephase"}, {"start": "01:09:13", "end": "01:09:16", "text": "and cold cold storage wallet is there."}, {"start": "01:09:15", "end": "01:09:19", "text": "Never keep them together. Yeah, I got"}, {"start": "01:09:16", "end": "01:09:22", "text": "it. But if it's too complicated, it's"}, {"start": "01:09:19", "end": "01:09:24", "text": "never going to be passed down. So it's"}, {"start": "01:09:22", "end": "01:09:26", "text": "number one I would say this have a"}, {"start": "01:09:24", "end": "01:09:27", "text": "discussion with your family and if"}, {"start": "01:09:26", "end": "01:09:30", "text": "that's too much at this stage have a"}, {"start": "01:09:27", "end": "01:09:32", "text": "discussion with yourself when you die"}, {"start": "01:09:30", "end": "01:09:34", "text": "where do you want this money to go and"}, {"start": "01:09:32", "end": "01:09:36", "text": "how are you going to get it to them and"}, {"start": "01:09:34", "end": "01:09:37", "text": "who knows like maybe this is a business"}, {"start": "01:09:36", "end": "01:09:40", "text": "in itself maybe this is a business in"}, {"start": "01:09:37", "end": "01:09:42", "text": "itself where it's like you know crypto"}, {"start": "01:09:40", "end": "01:09:44", "text": "funeral consulting I mean seriously it's"}, {"start": "01:09:42", "end": "01:09:47", "text": "not like banks"}, {"start": "01:09:44", "end": "01:09:48", "text": ">> it's not but how do you trust them it's"}, {"start": "01:09:47", "end": "01:09:51", "text": "a tough one mate"}, {"start": "01:09:48", "end": "01:09:53", "text": ">> it is and that's why I bet so"}, {"start": "01:09:51", "end": "01:09:57", "text": "attractive. Have you moved any of your"}, {"start": "01:09:53", "end": "01:09:58", "text": "crypto wealth into ETFs?"}, {"start": "01:09:57", "end": "01:10:00", "text": ">> I didn't move it into that. I just put"}, {"start": "01:09:58", "end": "01:10:02", "text": "fiat into there. So, I took some of my"}, {"start": "01:10:00", "end": "01:10:05", "text": "dirty dirty fiat and I I bought some of"}, {"start": "01:10:02", "end": "01:10:07", "text": "the IBIT uh ETF. Why? It's it's it's big"}, {"start": "01:10:05", "end": "01:10:08", "text": "and easy, you know. It's just like"}, {"start": "01:10:07", "end": "01:10:09", "text": ">> Yeah."}, {"start": "01:10:08", "end": "01:10:11", "text": ">> It's just that's it."}, {"start": "01:10:09", "end": "01:10:14", "text": ">> So, so where my existing Bitcoin is,"}, {"start": "01:10:11", "end": "01:10:16", "text": "I've I've left it there. But as I'm, you"}, {"start": "01:10:14", "end": "01:10:18", "text": "know, again, it's just instead of having"}, {"start": "01:10:16", "end": "01:10:20", "text": "all your crypto in one basket or five"}, {"start": "01:10:18", "end": "01:10:21", "text": "baskets, put some in an ETF. And many"}, {"start": "01:10:20", "end": "01:10:23", "text": "people I know they get angry and they"}, {"start": "01:10:21", "end": "01:10:25", "text": "say, \"No, Bitcoin was it was never meant"}, {"start": "01:10:23", "end": "01:10:27", "text": "to be for the big boys. It was never"}, {"start": "01:10:25", "end": "01:10:29", "text": "meant to be mainstream.\" And it's like,"}, {"start": "01:10:27", "end": "01:10:31", "text": ">> if you want crypto to be as big as what"}, {"start": "01:10:29", "end": "01:10:34", "text": "you want it to be, you have to accept"}, {"start": "01:10:31", "end": "01:10:36", "text": "this one. Crypto bit, we'll go with"}, {"start": "01:10:34", "end": "01:10:38", "text": "Bitcoin. Bitcoin is neutral. And if we"}, {"start": "01:10:36", "end": "01:10:41", "text": "truly believe Bitcoin is neutral, we"}, {"start": "01:10:38", "end": "01:10:43", "text": "have no right to say, \"I can buy it. You"}, {"start": "01:10:41", "end": "01:10:45", "text": "can buy it, but the big boys can't buy"}, {"start": "01:10:43", "end": "01:10:47", "text": "it.\" No, we straight as soon as we do"}, {"start": "01:10:45", "end": "01:10:50", "text": "that, we've undone the fundamentals of"}, {"start": "01:10:47", "end": "01:10:53", "text": "Bitcoin. When we also say we have to say"}, {"start": "01:10:50", "end": "01:10:54", "text": "it's you know uh transparent, neutral,"}, {"start": "01:10:53", "end": "01:10:56", "text": "borderless, censorship resistant and so"}, {"start": "01:10:54", "end": "01:10:57", "text": "forth. We expand it all the way to say"}, {"start": "01:10:56", "end": "01:10:59", "text": "well you know what there's different"}, {"start": "01:10:57", "end": "01:11:01", "text": "people in different markets. Older"}, {"start": "01:10:59", "end": "01:11:03", "text": "people traditional people even younger"}, {"start": "01:11:01", "end": "01:11:05", "text": "people they don't want to buy off an"}, {"start": "01:11:03", "end": "01:11:07", "text": "exchange. They don't want to buy and"}, {"start": "01:11:05", "end": "01:11:10", "text": "hold. They want to go to the big company"}, {"start": "01:11:07", "end": "01:11:14", "text": "and say you do this for me. Now, if you"}, {"start": "01:11:10", "end": "01:11:16", "text": "look at Black Rockck, good or bad, moral"}, {"start": "01:11:14", "end": "01:11:17", "text": "or immoral, they know what they're doing"}, {"start": "01:11:16", "end": "01:11:19", "text": "when it comes to money, and they've been"}, {"start": "01:11:17", "end": "01:11:20", "text": "around for many years. And it's very"}, {"start": "01:11:19", "end": "01:11:22", "text": "likely that they're going to be around"}, {"start": "01:11:20", "end": "01:11:24", "text": "for many more years."}, {"start": "01:11:22", "end": "01:11:26", "text": ">> I have I don't know about you, L, but I"}, {"start": "01:11:24", "end": "01:11:28", "text": "have more faith in Black Rockck than I"}, {"start": "01:11:26", "end": "01:11:29", "text": "do in a bank. Way more."}, {"start": "01:11:28", "end": "01:11:31", "text": ">> Oh, yeah. 100%."}, {"start": "01:11:29", "end": "01:11:33", "text": ">> I I'd probably"}, {"start": "01:11:31", "end": "01:11:35", "text": ">> say I'd have more faith in this is I"}, {"start": "01:11:33", "end": "01:11:37", "text": "can't believe I'm saving this crypto"}, {"start": "01:11:35", "end": "01:11:39", "text": "confession. I think I have more fund in"}, {"start": "01:11:37", "end": "01:11:41", "text": "Black Rockck or Grayscale than I do of"}, {"start": "01:11:39", "end": "01:11:42", "text": "the the government of the day, whether"}, {"start": "01:11:41", "end": "01:11:42", "text": "it be left or right."}, {"start": "01:11:42", "end": "01:11:44", "text": ">> Yeah."}, {"start": "01:11:42", "end": "01:11:45", "text": ">> Because in Australia, what they're"}, {"start": "01:11:44", "end": "01:11:47", "text": "trying to do now is funnel a lot of"}, {"start": "01:11:45", "end": "01:11:48", "text": "money into superanuation funds or"}, {"start": "01:11:47", "end": "01:11:51", "text": "pension funds."}, {"start": "01:11:48", "end": "01:11:51", "text": ">> And it's a big honeypot,"}, {"start": "01:11:51", "end": "01:11:53", "text": ">> course,"}, {"start": "01:11:51", "end": "01:11:55", "text": ">> of cash that they could get into. Oh,"}, {"start": "01:11:53", "end": "01:11:56", "text": ">> that a future government's going to look"}, {"start": "01:11:55", "end": "01:11:58", "text": "at and go, I look what they've been"}, {"start": "01:11:56", "end": "01:11:59", "text": "saying in the EU, like, oh, there's $10"}, {"start": "01:11:58", "end": "01:12:01", "text": "trillion in bank deposits, that's not"}, {"start": "01:11:59", "end": "01:12:02", "text": "really your money. Maybe we need to"}, {"start": "01:12:01", "end": "01:12:04", "text": "freeze some of that up, you know? Like,"}, {"start": "01:12:02", "end": "01:12:06", "text": "sorry, what? Yeah,"}, {"start": "01:12:04", "end": "01:12:08", "text": ">> the governments are all broke. They're"}, {"start": "01:12:06", "end": "01:12:08", "text": "looking at your money."}, {"start": "01:12:08", "end": "01:12:10", "text": ">> Yep."}, {"start": "01:12:08", "end": "01:12:11", "text": ">> And they want to get it. And this is"}, {"start": "01:12:10", "end": "01:12:14", "text": "this is the thing. That's why like no"}, {"start": "01:12:11", "end": "01:12:16", "text": "matter what my overall plan's going to"}, {"start": "01:12:14", "end": "01:12:18", "text": "be, I like the idea of having some"}, {"start": "01:12:16", "end": "01:12:20", "text": "Bitcoin on a on a cold storage. I think"}, {"start": "01:12:18", "end": "01:12:21", "text": "after wherever this cycle goes over the"}, {"start": "01:12:20", "end": "01:12:23", "text": "next few years, I think I will take some"}, {"start": "01:12:21", "end": "01:12:25", "text": "uh of the Bitcoin off the table, move it"}, {"start": "01:12:23", "end": "01:12:28", "text": "into cash, put it in my brokerage"}, {"start": "01:12:25", "end": "01:12:30", "text": "account, wait for the next bare market"}, {"start": "01:12:28", "end": "01:12:32", "text": "to develop, and then take all that cash"}, {"start": "01:12:30", "end": "01:12:35", "text": "and plow it into IBIT. That's kind of my"}, {"start": "01:12:32", "end": "01:12:37", "text": "sort of uh thinking at the moment here."}, {"start": "01:12:35", "end": "01:12:39", "text": ">> Can I ask you, are you thinking about"}, {"start": "01:12:37", "end": "01:12:41", "text": ">> let's say you you you pick a top, you"}, {"start": "01:12:39", "end": "01:12:43", "text": "get to that top, figurative or literal."}, {"start": "01:12:41", "end": "01:12:44", "text": "Are you going to sell all your Bitcoin"}, {"start": "01:12:43", "end": "01:12:46", "text": "or a portion of it?"}, {"start": "01:12:44", "end": "01:12:47", "text": ">> Just a portion. No,"}, {"start": "01:12:46", "end": "01:12:49", "text": ">> I don't need to sell all the Bitcoin,"}, {"start": "01:12:47", "end": "01:12:50", "text": "right? I'm in this situation where I"}, {"start": "01:12:49", "end": "01:12:53", "text": "have no necessity to do that. But it"}, {"start": "01:12:50", "end": "01:12:55", "text": "would be, you know, take 20% of it or"}, {"start": "01:12:53", "end": "01:12:57", "text": "something like that and just,"}, {"start": "01:12:55", "end": "01:12:59", "text": ">> you know, make the decision with myself"}, {"start": "01:12:57", "end": "01:13:01", "text": "if we're up by a quart million dollar."}, {"start": "01:12:59", "end": "01:13:02", "text": "But you know what? It's a clean 100x"}, {"start": "01:13:01", "end": "01:13:03", "text": "from that from the first time I ever"}, {"start": "01:13:02", "end": "01:13:05", "text": "bought a Bitcoin. And you know, and this"}, {"start": "01:13:03", "end": "01:13:06", "text": "is the thing that not to say all the"}, {"start": "01:13:05", "end": "01:13:09", "text": "Bitcoin's at at that cheap price that I"}, {"start": "01:13:06", "end": "01:13:11", "text": "bought my first BTC at. But but I look"}, {"start": "01:13:09", "end": "01:13:13", "text": "at the whole thing and I think, okay, if"}, {"start": "01:13:11", "end": "01:13:15", "text": "I'm selling Bitcoin, let's say a quart"}, {"start": "01:13:13", "end": "01:13:17", "text": "million dollars, right? I'll take 20%"}, {"start": "01:13:15", "end": "01:13:18", "text": "off the table. I'll put it in cash. I'll"}, {"start": "01:13:17", "end": "01:13:20", "text": "move it to the brokerage account and"}, {"start": "01:13:18", "end": "01:13:21", "text": "just patiently wait until everybody's"}, {"start": "01:13:20", "end": "01:13:23", "text": "losing their minds again because it"}, {"start": "01:13:21", "end": "01:13:25", "text": "always happens every few years. And um"}, {"start": "01:13:23", "end": "01:13:27", "text": "the rest I'll just let chill because I I"}, {"start": "01:13:25", "end": "01:13:29", "text": "I don't I I don't have the necessity to"}, {"start": "01:13:27", "end": "01:13:31", "text": "sell it right now. And I I I have the"}, {"start": "01:13:29", "end": "01:13:33", "text": "patience to wait. I you know and there's"}, {"start": "01:13:31", "end": "01:13:35", "text": "nothing I I don't I don't have anything"}, {"start": "01:13:33", "end": "01:13:36", "text": "to spend it on. Adam, that's the thing."}, {"start": "01:13:35", "end": "01:13:38", "text": "I don't know where I don't know what the"}, {"start": "01:13:36", "end": "01:13:40", "text": "hell I'm going to do with it. But go buy"}, {"start": "01:13:38", "end": "01:13:41", "text": "some gold. I've got I've got fiat"}, {"start": "01:13:40", "end": "01:13:42", "text": "income. If I want to buy some gold or"}, {"start": "01:13:41", "end": "01:13:45", "text": "buy some gold is fine, you know? But"}, {"start": "01:13:42", "end": "01:13:46", "text": "like I look at it like, yeah, I'll keep"}, {"start": "01:13:45", "end": "01:13:48", "text": "the Bitcoin. I'm happy to ride the"}, {"start": "01:13:46", "end": "01:13:50", "text": "swings enough, right? But but I would"}, {"start": "01:13:48", "end": "01:13:52", "text": "take some of that money to swing it. And"}, {"start": "01:13:50", "end": "01:13:53", "text": "if I'm wrong and if I sell it at a quart"}, {"start": "01:13:52", "end": "01:13:55", "text": "million dollars and it rips to a million"}, {"start": "01:13:53", "end": "01:13:57", "text": "bucks, like, well, whatever. I just made"}, {"start": "01:13:55", "end": "01:13:59", "text": "a [�__�] ton of money, so who cares? It"}, {"start": "01:13:57", "end": "01:14:01", "text": "doesn't matter, right? and I still have"}, {"start": "01:13:59", "end": "01:14:03", "text": "most of the stacks. So, yeah, that kind"}, {"start": "01:14:01", "end": "01:14:04", "text": "of my mentality around it. Adam, I have"}, {"start": "01:14:03", "end": "01:14:05", "text": "just realized we've been we've been"}, {"start": "01:14:04", "end": "01:14:08", "text": "chatting for like an hour, dude. This"}, {"start": "01:14:05", "end": "01:14:09", "text": "has been a super fun we're just shooting"}, {"start": "01:14:08", "end": "01:14:11", "text": "this [�__�] having a good time. Haven't"}, {"start": "01:14:09", "end": "01:14:12", "text": "got a chance to get over to the uh the"}, {"start": "01:14:11", "end": "01:14:13", "text": "comment section, guys. I see you talking"}, {"start": "01:14:12", "end": "01:14:15", "text": "to each other over there in the"}, {"start": "01:14:13", "end": "01:14:18", "text": "comments. So, thank you guys for hanging"}, {"start": "01:14:15", "end": "01:14:19", "text": "out and um"}, {"start": "01:14:18", "end": "01:14:20", "text": "chatting with each other. Sorry we"}, {"start": "01:14:19", "end": "01:14:22", "text": "didn't get any of your questions in the"}, {"start": "01:14:20", "end": "01:14:24", "text": "chat. Adam and I just been telling"}, {"start": "01:14:22", "end": "01:14:25", "text": "stories and talking coins and I hope you"}, {"start": "01:14:24", "end": "01:14:27", "text": "guys have enjoyed that conversation."}, {"start": "01:14:25", "end": "01:14:29", "text": "Again, go follow Adam. There's a link in"}, {"start": "01:14:27", "end": "01:14:32", "text": "the YouTube description for his ex. And"}, {"start": "01:14:29", "end": "01:14:34", "text": "of course, you're watching this on X,"}, {"start": "01:14:32", "end": "01:14:35", "text": "you'll find his uh name tag there as"}, {"start": "01:14:34", "end": "01:14:36", "text": "well. So, Adam, thanks for joining the"}, {"start": "01:14:35", "end": "01:14:38", "text": "conversation and thanks to everybody in"}, {"start": "01:14:36", "end": "01:14:43", "text": "the chat. We'll see you back tomorrow"}, {"start": "01:14:38", "end": "01:14:43", "text": "3:30 Dubai for more crypto chats."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "This is a very important candle breakout"}, {"start": "00:00:01", "end": "00:00:06", "text": "because this candle breakout brings the"}, {"start": "00:00:03", "end": "00:00:07", "text": "price higher than back here in May. And"}, {"start": "00:00:06", "end": "00:00:10", "text": "this is incredibly important because"}, {"start": "00:00:07", "end": "00:00:12", "text": "this was our lower high. So, what we"}, {"start": "00:00:10", "end": "00:00:16", "text": "have now, a new uptrend forming with"}, {"start": "00:00:12", "end": "00:00:18", "text": "higher highs and higher lows. This move,"}, {"start": "00:00:16", "end": "00:00:20", "text": "that's only $2,000 above that previous"}, {"start": "00:00:18", "end": "00:00:22", "text": "level, so it's not the biggest breakout"}, {"start": "00:00:20", "end": "00:00:25", "text": "on Earth so far. I get it. But, this"}, {"start": "00:00:22", "end": "00:00:29", "text": "move is incredibly important because it"}, {"start": "00:00:25", "end": "00:00:33", "text": "changes fundamentally the structure of"}, {"start": "00:00:29", "end": "00:00:33", "text": "the market. And that matters."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "So there's some oh moments you can think"}, {"start": "00:00:02", "end": "00:00:06", "text": "of here because people are going to go"}, {"start": "00:00:04", "end": "00:00:08", "text": "oh I like the meme. I like boner coin."}, {"start": "00:00:06", "end": "00:00:10", "text": "That's funny. Oh, it's connected to a"}, {"start": "00:00:08", "end": "00:00:12", "text": "stock. That's interesting. Oh, the CEO"}, {"start": "00:00:10", "end": "00:00:14", "text": "of that stock, he also likes the meme."}, {"start": "00:00:12", "end": "00:00:15", "text": "Oh, there's a massive short position on"}, {"start": "00:00:14", "end": "00:00:17", "text": "this and then we could GME, you know,"}, {"start": "00:00:15", "end": "00:00:20", "text": "GameStop this one. Interesting. Oh, the"}, {"start": "00:00:17", "end": "00:00:22", "text": "meme can actually squeeze the version"}, {"start": "00:00:20", "end": "00:00:23", "text": "the tokenized version of that stock. Oh,"}, {"start": "00:00:22", "end": "00:00:25", "text": "okay, right. And the official 2026"}, {"start": "00:00:23", "end": "00:00:26", "text": "narrative of course right now and"}, {"start": "00:00:25", "end": "00:00:29", "text": "probably in the next few years is"}, {"start": "00:00:26", "end": "00:00:31", "text": "tokenization of real world assets, 24/7"}, {"start": "00:00:29", "end": "00:00:36", "text": "stock trading, man. And the memes are an"}, {"start": "00:00:31", "end": "00:00:36", "text": "absurd representation of this narrative."}]

[{"start": "00:00:01", "end": "00:00:07", "text": "Bitcoin is breaking out, guys."}, {"start": "00:00:04", "end": "00:00:10", "text": "Let's go. Very exciting stuff. Is Avac"}, {"start": "00:00:07", "end": "00:00:11", "text": "back. Price been moving. We're going to"}, {"start": "00:00:10", "end": "00:00:13", "text": "talk about that as well. We got"}, {"start": "00:00:11", "end": "00:00:15", "text": "Ethereum. We got Salana. We got all the"}, {"start": "00:00:13", "end": "00:00:17", "text": "revenue generating coins to talk about."}, {"start": "00:00:15", "end": "00:00:19", "text": "We got the memecoin craziness to talk"}, {"start": "00:00:17", "end": "00:00:20", "text": "about. There's a lot of stuff going on"}, {"start": "00:00:19", "end": "00:00:21", "text": "in the markets right now. It's"}, {"start": "00:00:20", "end": "00:00:22", "text": "absolutely pretty nuts. And I got"}, {"start": "00:00:21", "end": "00:00:27", "text": "coffee, which I'm going to try not to"}, {"start": "00:00:22", "end": "00:00:28", "text": "spill on myself today. Good luck to me."}, {"start": "00:00:27", "end": "00:00:31", "text": "First and foremost, we have talk about"}, {"start": "00:00:28", "end": "00:00:34", "text": "Bitcoin. Bitcoin."}, {"start": "00:00:31", "end": "00:00:37", "text": "Let's go. First and foremost, guys, the"}, {"start": "00:00:34", "end": "00:00:39", "text": "coins are on the move."}, {"start": "00:00:37", "end": "00:00:43", "text": "Yo,"}, {"start": "00:00:39", "end": "00:00:46", "text": "MACD daily flipping bullish here on BTC."}, {"start": "00:00:43", "end": "00:00:47", "text": "The price of BTC"}, {"start": "00:00:46", "end": "00:00:49", "text": "84,700"}, {"start": "00:00:47", "end": "00:00:53", "text": "and some change trying to get over this"}, {"start": "00:00:49", "end": "00:00:55", "text": "orange line, which is our bare flag"}, {"start": "00:00:53", "end": "00:00:57", "text": "support line from earlier this year."}, {"start": "00:00:55", "end": "00:01:00", "text": "where it has so far acted as resistance"}, {"start": "00:00:57", "end": "00:01:03", "text": "with one, two, three wicks into that"}, {"start": "00:01:00", "end": "00:01:05", "text": "line getting rejected, pushed back down."}, {"start": "00:01:03", "end": "00:01:06", "text": "This current one has not closed the"}, {"start": "00:01:05", "end": "00:01:08", "text": "daily. We're still 13 hours out and"}, {"start": "00:01:06", "end": "00:01:09", "text": "about from the daily close. So, we still"}, {"start": "00:01:08", "end": "00:01:11", "text": "have some time to go. We have all kinds"}, {"start": "00:01:09", "end": "00:01:13", "text": "of drama that could potentially unfold."}, {"start": "00:01:11", "end": "00:01:14", "text": "The world is falling apart and Bitcoin"}, {"start": "00:01:13", "end": "00:01:16", "text": "seems not to care. In fact, it loves it,"}, {"start": "00:01:14", "end": "00:01:18", "text": "which is great. We like that the price"}, {"start": "00:01:16", "end": "00:01:21", "text": "going up, not the world falling apart"}, {"start": "00:01:18", "end": "00:01:24", "text": "part. That sucks."}, {"start": "00:01:21", "end": "00:01:26", "text": "Most importantly, we're at $84,700"}, {"start": "00:01:24", "end": "00:01:28", "text": "and some dollars, which is a major flip"}, {"start": "00:01:26", "end": "00:01:30", "text": "for BTC."}, {"start": "00:01:28", "end": "00:01:33", "text": "Now, I have to be super clear about this"}, {"start": "00:01:30", "end": "00:01:38", "text": "here."}, {"start": "00:01:33", "end": "00:01:41", "text": "Bitcoin has just flipped in an extremely"}, {"start": "00:01:38", "end": "00:01:43", "text": "extremely meaningful way."}, {"start": "00:01:41", "end": "00:01:46", "text": "And we should not be ignoring this"}, {"start": "00:01:43", "end": "00:01:48", "text": "because what happens next historically,"}, {"start": "00:01:46", "end": "00:01:51", "text": "bonkers, crazy zone, man. And we've got"}, {"start": "00:01:48", "end": "00:01:54", "text": "that to talk about. So, I do want to"}, {"start": "00:01:51", "end": "00:01:57", "text": "discuss this with you because"}, {"start": "00:01:54", "end": "00:01:58", "text": "it's incredibly important"}, {"start": "00:01:57", "end": "00:02:00", "text": "because what has just happened to"}, {"start": "00:01:58", "end": "00:02:01", "text": "Bitcoin? We got to zoom in on this a"}, {"start": "00:02:00", "end": "00:02:03", "text": "little bit here. We're going to come"}, {"start": "00:02:01", "end": "00:02:05", "text": "back to these"}, {"start": "00:02:03", "end": "00:02:07", "text": "these big yellow boxes in a second here."}, {"start": "00:02:05", "end": "00:02:09", "text": "But what has just happened for BTC? This"}, {"start": "00:02:07", "end": "00:02:11", "text": "is the weekly charts. You can see this"}, {"start": "00:02:09", "end": "00:02:13", "text": "was our downtrend. So, you have the"}, {"start": "00:02:11", "end": "00:02:16", "text": "context. This is the downtrend. October"}, {"start": "00:02:13", "end": "00:02:18", "text": "6, the week that will live in infamy."}, {"start": "00:02:16", "end": "00:02:22", "text": "1010 crash, all that fun stuff. bad"}, {"start": "00:02:18", "end": "00:02:24", "text": "times. So what happened? Structure"}, {"start": "00:02:22", "end": "00:02:27", "text": "breaks."}, {"start": "00:02:24", "end": "00:02:30", "text": "Okay, structure breaks. We get our first"}, {"start": "00:02:27", "end": "00:02:33", "text": "lower low, lower high, lower low, lower"}, {"start": "00:02:30", "end": "00:02:36", "text": "high, lower low."}, {"start": "00:02:33", "end": "00:02:37", "text": "This move this week, and we're still a"}, {"start": "00:02:36", "end": "00:02:39", "text": "long way away from a weekly candle"}, {"start": "00:02:37", "end": "00:02:41", "text": "close. I would just like to point that"}, {"start": "00:02:39", "end": "00:02:43", "text": "out. But this is the thing with"}, {"start": "00:02:41", "end": "00:02:44", "text": "investing. How many confirmations do you"}, {"start": "00:02:43", "end": "00:02:47", "text": "need? We've had a dozen different"}, {"start": "00:02:44", "end": "00:02:48", "text": "things, more actually show up. technical"}, {"start": "00:02:47", "end": "00:02:50", "text": "factors I've shared with you on this"}, {"start": "00:02:48", "end": "00:02:53", "text": "channel"}, {"start": "00:02:50", "end": "00:02:55", "text": "going over why the $57,700"}, {"start": "00:02:53", "end": "00:02:58", "text": "was a very likely place to be the bottom"}, {"start": "00:02:55", "end": "00:03:00", "text": "for BTC. Meanwhile, four-ear cycle bros"}, {"start": "00:02:58", "end": "00:03:02", "text": "in absolute shambles. I know what you're"}, {"start": "00:03:00", "end": "00:03:04", "text": "thinking. You still got two weeks, man."}, {"start": "00:03:02", "end": "00:03:06", "text": "Let's go. Two weeks for the world to"}, {"start": "00:03:04", "end": "00:03:09", "text": "end, literally. But the price is going"}, {"start": "00:03:06", "end": "00:03:12", "text": "to go down to 40k BTC. So, winning"}, {"start": "00:03:09", "end": "00:03:14", "text": "dirty bears. Dirty bears."}, {"start": "00:03:12", "end": "00:03:16", "text": "This is a very important candle breakout"}, {"start": "00:03:14", "end": "00:03:19", "text": "because this candle breakout brings the"}, {"start": "00:03:16", "end": "00:03:21", "text": "price higher"}, {"start": "00:03:19", "end": "00:03:22", "text": "than back here in May. And this is"}, {"start": "00:03:21", "end": "00:03:26", "text": "incredibly important because this was"}, {"start": "00:03:22", "end": "00:03:28", "text": "our lower high."}, {"start": "00:03:26", "end": "00:03:32", "text": "So, what we have now a new uptrend"}, {"start": "00:03:28", "end": "00:03:36", "text": "forming with higher highs and higher"}, {"start": "00:03:32", "end": "00:03:37", "text": "lows. This move, it's only $2,000 above"}, {"start": "00:03:36", "end": "00:03:39", "text": "that previous level. So, it's not the"}, {"start": "00:03:37", "end": "00:03:42", "text": "biggest breakout on Earth so far. I get"}, {"start": "00:03:39", "end": "00:03:45", "text": "it. But this move is incredibly"}, {"start": "00:03:42", "end": "00:03:48", "text": "important because it changes"}, {"start": "00:03:45", "end": "00:03:51", "text": "fundamentally the structure of the"}, {"start": "00:03:48", "end": "00:03:53", "text": "market"}, {"start": "00:03:51", "end": "00:03:55", "text": "and that matters. That matters because"}, {"start": "00:03:53", "end": "00:03:56", "text": "if you're bidding coins, this is exactly"}, {"start": "00:03:55", "end": "00:03:59", "text": "what you want to see. I'd also like to"}, {"start": "00:03:56", "end": "00:04:01", "text": "point out here RSI weekly breakout"}, {"start": "00:03:59", "end": "00:04:04", "text": "underway with a breakout and bullish"}, {"start": "00:04:01", "end": "00:04:06", "text": "retest as you can see right down here."}, {"start": "00:04:04", "end": "00:04:08", "text": "We like that. Now, what are these yellow"}, {"start": "00:04:06", "end": "00:04:10", "text": "things I've got on the chart here? Well,"}, {"start": "00:04:08", "end": "00:04:11", "text": "I want to talk with this about you with"}, {"start": "00:04:10", "end": "00:04:12", "text": "this as well because this is also very"}, {"start": "00:04:11", "end": "00:04:14", "text": "important. I've got a few more charts to"}, {"start": "00:04:12", "end": "00:04:15", "text": "follow up on this as well, but this is"}, {"start": "00:04:14", "end": "00:04:17", "text": "something I find very interesting"}, {"start": "00:04:15", "end": "00:04:19", "text": "because if you look back historically"}, {"start": "00:04:17", "end": "00:04:23", "text": "through Bitcoin cycles once we've"}, {"start": "00:04:19", "end": "00:04:26", "text": "crossed over the 50w week EMA,"}, {"start": "00:04:23", "end": "00:04:29", "text": "what tends to happen?"}, {"start": "00:04:26", "end": "00:04:32", "text": "Well, on average, we go about 100 to"}, {"start": "00:04:29", "end": "00:04:34", "text": "1340 weeks, something like that. It's an"}, {"start": "00:04:32", "end": "00:04:36", "text": "average, right? I think the last one was"}, {"start": "00:04:34", "end": "00:04:38", "text": "about 140. This one could be closer to"}, {"start": "00:04:36", "end": "00:04:41", "text": "100. This one might be 120. We'll find"}, {"start": "00:04:38", "end": "00:04:43", "text": "out. But somewhere within the the end is"}, {"start": "00:04:41", "end": "00:04:45", "text": "here"}, {"start": "00:04:43", "end": "00:04:48", "text": "text is where we're going to probably"}, {"start": "00:04:45", "end": "00:04:50", "text": "end this bull run, which is just"}, {"start": "00:04:48", "end": "00:04:52", "text": "starting. By the way, you are not late."}, {"start": "00:04:50", "end": "00:04:56", "text": "You are not late."}, {"start": "00:04:52", "end": "00:04:59", "text": "Here is the dealio. We are about"}, {"start": "00:04:56", "end": "00:05:00", "text": "five weeks in now to the 50week EMA"}, {"start": "00:04:59", "end": "00:05:03", "text": "breakout."}, {"start": "00:05:00", "end": "00:05:04", "text": "We hugged that 50we EMA for the last"}, {"start": "00:05:03", "end": "00:05:06", "text": "four weeks by the way. Now we are"}, {"start": "00:05:04", "end": "00:05:08", "text": "attempting to have a serious breakout"}, {"start": "00:05:06", "end": "00:05:10", "text": "above it. This is incredibly"}, {"start": "00:05:08", "end": "00:05:13", "text": "significant. Again, I cannot under you"}, {"start": "00:05:10", "end": "00:05:15", "text": "know tr really try to just fully get"}, {"start": "00:05:13", "end": "00:05:16", "text": "across the importance of from a"}, {"start": "00:05:15", "end": "00:05:17", "text": "technical perspective of what's"}, {"start": "00:05:16", "end": "00:05:18", "text": "happening in the charts right now"}, {"start": "00:05:17", "end": "00:05:20", "text": "because it is very important and I know"}, {"start": "00:05:18", "end": "00:05:22", "text": "it's just the charts lark. Yeah, well"}, {"start": "00:05:20", "end": "00:05:25", "text": "you know it's the charts man. Respect"}, {"start": "00:05:22", "end": "00:05:27", "text": "the charts. Anyway,"}, {"start": "00:05:25", "end": "00:05:30", "text": "if we and the confluence here by the way"}, {"start": "00:05:27", "end": "00:05:33", "text": "is absolutely insane. If we see an"}, {"start": "00:05:30", "end": "00:05:35", "text": "average sort of cycle play out where we"}, {"start": "00:05:33", "end": "00:05:38", "text": "get about 100 to somewhere between 140"}, {"start": "00:05:35", "end": "00:05:40", "text": "weeks, well, guess where that puts us?"}, {"start": "00:05:38", "end": "00:05:43", "text": "What is the time zone over here? Well,"}, {"start": "00:05:40", "end": "00:05:48", "text": "100 weeks puts us July 2028."}, {"start": "00:05:43", "end": "00:05:51", "text": "140 weeks puts us March 29, right in the"}, {"start": "00:05:48", "end": "00:05:53", "text": "middle here, November of 28, US"}, {"start": "00:05:51", "end": "00:05:56", "text": "presidential elections."}, {"start": "00:05:53", "end": "00:05:58", "text": "January 29,"}, {"start": "00:05:56", "end": "00:06:00", "text": "new president gets in. Historically,"}, {"start": "00:05:58", "end": "00:06:03", "text": "those kind of events have massive"}, {"start": "00:06:00", "end": "00:06:05", "text": "volatility for the markets. So, one of"}, {"start": "00:06:03", "end": "00:06:09", "text": "those two areas is when the market"}, {"start": "00:06:05", "end": "00:06:11", "text": "probably finally tops out. Now, that"}, {"start": "00:06:09", "end": "00:06:13", "text": "adds up with all kinds of other"}, {"start": "00:06:11", "end": "00:06:15", "text": "confluence that we've seen. The average"}, {"start": "00:06:13", "end": "00:06:18", "text": "bare the average bull market lasts about"}, {"start": "00:06:15", "end": "00:06:18", "text": "five to six years."}, {"start": "00:06:18", "end": "00:06:20", "text": "Five and a half years I think"}, {"start": "00:06:18", "end": "00:06:24", "text": "approximately is the exact target. But"}, {"start": "00:06:20", "end": "00:06:26", "text": "anyway, so this one started in January"}, {"start": "00:06:24", "end": "00:06:30", "text": "23. So, it topping out at the end of"}, {"start": "00:06:26", "end": "00:06:32", "text": "2028 or sometime into early 2029 would"}, {"start": "00:06:30", "end": "00:06:34", "text": "make sense for a Bitcoin market cycle,"}, {"start": "00:06:32", "end": "00:06:36", "text": "which look, Bitcoin market cycles are"}, {"start": "00:06:34", "end": "00:06:39", "text": "now moving. Let's say the four-year"}, {"start": "00:06:36", "end": "00:06:42", "text": "cycle"}, {"start": "00:06:39", "end": "00:06:43", "text": "had some kind of relevance. Still, I"}, {"start": "00:06:42", "end": "00:06:45", "text": "don't think anybody got exactly what"}, {"start": "00:06:43", "end": "00:06:47", "text": "they wanted from this. The four-year"}, {"start": "00:06:45", "end": "00:06:49", "text": "cycle disbelievers"}, {"start": "00:06:47", "end": "00:06:51", "text": "didn't get exactly wanted, nor did the"}, {"start": "00:06:49", "end": "00:06:53", "text": "four-year cycle cultists get what they"}, {"start": "00:06:51", "end": "00:06:54", "text": "want."}, {"start": "00:06:53", "end": "00:06:55", "text": "Everybody didn't get anything. But"}, {"start": "00:06:54", "end": "00:06:57", "text": "everybody also got something which is"}, {"start": "00:06:55", "end": "00:06:59", "text": "interesting. So we see this continue to"}, {"start": "00:06:57", "end": "00:07:01", "text": "play out in this fashion and we keep"}, {"start": "00:06:59", "end": "00:07:03", "text": "following you know the copper gold ratio"}, {"start": "00:07:01", "end": "00:07:06", "text": "or the ISM PMI for manufacturing that"}, {"start": "00:07:03", "end": "00:07:07", "text": "kind of stuff. Well that that is very"}, {"start": "00:07:06", "end": "00:07:11", "text": "interesting because those tend to run"}, {"start": "00:07:07", "end": "00:07:14", "text": "for about 18 to 24 months"}, {"start": "00:07:11", "end": "00:07:16", "text": "18 months from now of course where does"}, {"start": "00:07:14", "end": "00:07:19", "text": "that put us?"}, {"start": "00:07:16", "end": "00:07:22", "text": "puts us in early 28, early to mid 28 if"}, {"start": "00:07:19", "end": "00:07:23", "text": "we do a 24-month run for the business"}, {"start": "00:07:22", "end": "00:07:25", "text": "cycle, the copper gold ratio, all that"}, {"start": "00:07:23", "end": "00:07:27", "text": "kind of stuff. Well, that's basically"}, {"start": "00:07:25", "end": "00:07:29", "text": "Trump saying last two years my term,"}, {"start": "00:07:27", "end": "00:07:32", "text": "best markets ever. Max grifting, max"}, {"start": "00:07:29", "end": "00:07:35", "text": "crime, max extraction, and then good"}, {"start": "00:07:32", "end": "00:07:38", "text": "luck everybody. Good luck."}, {"start": "00:07:35", "end": "00:07:39", "text": "H anyway, historically, these are the"}, {"start": "00:07:38", "end": "00:07:41", "text": "trends. Historically, we see bull"}, {"start": "00:07:39", "end": "00:07:43", "text": "markets lasting somewhere in this range"}, {"start": "00:07:41", "end": "00:07:45", "text": "right here. The peak should come in that"}, {"start": "00:07:43", "end": "00:07:50", "text": "range right there. So, we should expect"}, {"start": "00:07:45", "end": "00:07:52", "text": "multiple weekly big moves here, higher"}, {"start": "00:07:50", "end": "00:07:53", "text": "highs, higher lows. Then the higher lows"}, {"start": "00:07:52", "end": "00:07:54", "text": "are going to be the kind of draw downs"}, {"start": "00:07:53", "end": "00:07:56", "text": "that make you believe it's all over. The"}, {"start": "00:07:54", "end": "00:07:58", "text": "market cycle's done. You all idiots for"}, {"start": "00:07:56", "end": "00:07:59", "text": "believing that this could ever happen"}, {"start": "00:07:58", "end": "00:08:01", "text": "again. We could ever have a bull run"}, {"start": "00:07:59", "end": "00:08:04", "text": "again and then it blasts higher and"}, {"start": "00:08:01", "end": "00:08:07", "text": "sidelines everybody once again kind of"}, {"start": "00:08:04", "end": "00:08:11", "text": "deal here. Okay."}, {"start": "00:08:07", "end": "00:08:14", "text": "Key Young Jew, Bitcoin reclaimed 365day"}, {"start": "00:08:11", "end": "00:08:15", "text": "moving average at 83K sitting at 84"}, {"start": "00:08:14", "end": "00:08:16", "text": "right now. That's the line everybody's"}, {"start": "00:08:15", "end": "00:08:20", "text": "been watching for the end of the bare"}, {"start": "00:08:16", "end": "00:08:22", "text": "market. If it holds, if it holds, hold"}, {"start": "00:08:20", "end": "00:08:25", "text": "the line. Momentum traders and"}, {"start": "00:08:22", "end": "00:08:29", "text": "institutions start fumbling in. Yes."}, {"start": "00:08:25", "end": "00:08:30", "text": "Yes, they do."}, {"start": "00:08:29", "end": "00:08:32", "text": "That's the important part of the"}, {"start": "00:08:30", "end": "00:08:36", "text": "conversation here because"}, {"start": "00:08:32", "end": "00:08:39", "text": "this move today is a signal that the"}, {"start": "00:08:36", "end": "00:08:40", "text": "trend has officially started to change."}, {"start": "00:08:39", "end": "00:08:41", "text": "Now, we've been talking for a while"}, {"start": "00:08:40", "end": "00:08:42", "text": "there's all these early indicators that"}, {"start": "00:08:41", "end": "00:08:44", "text": "things are moving back in the other"}, {"start": "00:08:42", "end": "00:08:46", "text": "direction, blah blah blah blah. The"}, {"start": "00:08:44", "end": "00:08:48", "text": "reality is until you got over $82,500"}, {"start": "00:08:46", "end": "00:08:51", "text": "for BTC, which has been the sticking"}, {"start": "00:08:48", "end": "00:08:52", "text": "point for the last few weeks. Until you"}, {"start": "00:08:51", "end": "00:08:54", "text": "get over that with some kind of"}, {"start": "00:08:52", "end": "00:08:57", "text": "decisiveness,"}, {"start": "00:08:54", "end": "00:08:58", "text": "momentum traders and institutions are"}, {"start": "00:08:57", "end": "00:09:00", "text": "not going to start piling the cash back"}, {"start": "00:08:58", "end": "00:09:03", "text": "in. Of course, you also have the"}, {"start": "00:09:00", "end": "00:09:04", "text": "four-year cycle bros sidelined, man."}, {"start": "00:09:03", "end": "00:09:07", "text": "They're going to have to start piling"}, {"start": "00:09:04", "end": "00:09:09", "text": "the cash back in at some point, too. I"}, {"start": "00:09:07", "end": "00:09:11", "text": "saw a dude I know. He's like,"}, {"start": "00:09:09", "end": "00:09:14", "text": "\"Please, somebody tell me if the"}, {"start": "00:09:11", "end": "00:09:16", "text": "bottom's in.\" Like, dog, come on. Come"}, {"start": "00:09:14", "end": "00:09:17", "text": "on, man. Trust your own intuition here."}, {"start": "00:09:16", "end": "00:09:19", "text": "If you've not been paying attention to"}, {"start": "00:09:17", "end": "00:09:20", "text": "the charts,"}, {"start": "00:09:19", "end": "00:09:22", "text": "uh, Titan posted this, \"Bitcoin every"}, {"start": "00:09:20", "end": "00:09:24", "text": "cycle the same big accounts marry their"}, {"start": "00:09:22", "end": "00:09:26", "text": "narratives.\" Yes, people become trapped"}, {"start": "00:09:24", "end": "00:09:28", "text": "by certainty. There is no certainty in"}, {"start": "00:09:26", "end": "00:09:29", "text": "markets. Never, never, never certainty"}, {"start": "00:09:28", "end": "00:09:30", "text": "in markets. And you have to [�__�]"}, {"start": "00:09:29", "end": "00:09:32", "text": "understand that, man. People are like,"}, {"start": "00:09:30", "end": "00:09:34", "text": "\"Well, it's got to be this way because"}, {"start": "00:09:32", "end": "00:09:35", "text": "it's been this way before.\" Like"}, {"start": "00:09:34", "end": "00:09:36", "text": "literally every financial app you ever"}, {"start": "00:09:35", "end": "00:09:37", "text": "open, it's going to tell you past"}, {"start": "00:09:36", "end": "00:09:40", "text": "performance not equate future returns."}, {"start": "00:09:37", "end": "00:09:41", "text": "Because it's true. It's true. You got to"}, {"start": "00:09:40", "end": "00:09:42", "text": "look at the market structure. You have"}, {"start": "00:09:41", "end": "00:09:43", "text": "to look at the underlying fundamentals."}, {"start": "00:09:42", "end": "00:09:44", "text": "You have to look at the technical"}, {"start": "00:09:43", "end": "00:09:46", "text": "indicators that are playing out in real"}, {"start": "00:09:44", "end": "00:09:48", "text": "time in front of your face. not get"}, {"start": "00:09:46", "end": "00:09:50", "text": "wedded to these [�__�] narratives."}, {"start": "00:09:48", "end": "00:09:51", "text": "Well, we have to bottom in October"}, {"start": "00:09:50", "end": "00:09:52", "text": "because that's what we did previously."}, {"start": "00:09:51", "end": "00:09:54", "text": "Like, well, you know what? Maybe things"}, {"start": "00:09:52", "end": "00:09:56", "text": "are changing. In fact, everything about"}, {"start": "00:09:54", "end": "00:09:58", "text": "the last cycle, the last two or three"}, {"start": "00:09:56", "end": "00:10:02", "text": "years in crypto have proven very clearly"}, {"start": "00:09:58", "end": "00:10:05", "text": "that things are changing."}, {"start": "00:10:02", "end": "00:10:07", "text": "Wake up."}, {"start": "00:10:05", "end": "00:10:09", "text": "Yeah. And people do refuse to adapt what"}, {"start": "00:10:07", "end": "00:10:11", "text": "the chart is telling them. This is true."}, {"start": "00:10:09", "end": "00:10:12", "text": "This is true."}, {"start": "00:10:11", "end": "00:10:15", "text": "At the very least, read the charts in"}, {"start": "00:10:12", "end": "00:10:16", "text": "front of you, man. Remove your bice."}, {"start": "00:10:15", "end": "00:10:18", "text": "Bitcoin hyper. Bitcoins marked the"}, {"start": "00:10:16", "end": "00:10:19", "text": "bottom every time the RSI on this chart"}, {"start": "00:10:18", "end": "00:10:20", "text": "hit the red zone and bounce from it."}, {"start": "00:10:19", "end": "00:10:23", "text": "Well, guess what just happened? It hit"}, {"start": "00:10:20", "end": "00:10:24", "text": "the red zone, bounced from it. Higher."}, {"start": "00:10:23", "end": "00:10:26", "text": "Higher."}, {"start": "00:10:24", "end": "00:10:30", "text": "Adam Livingston posted this. Bitcoin"}, {"start": "00:10:26", "end": "00:10:34", "text": "after gold copper copper gold cycle"}, {"start": "00:10:30", "end": "00:10:36", "text": "bottoms. Okay. Copper gold has made five"}, {"start": "00:10:34", "end": "00:10:38", "text": "cycle bottoms since 2013. Bitcoin's"}, {"start": "00:10:36", "end": "00:10:40", "text": "medium return over the next 12 months"}, {"start": "00:10:38", "end": "00:10:42", "text": "has been 204%."}, {"start": "00:10:40", "end": "00:10:45", "text": "If that plays out this time, we are"}, {"start": "00:10:42", "end": "00:10:48", "text": "going to see a $200,000 Bitcoin by the"}, {"start": "00:10:45", "end": "00:10:50", "text": "end of next year. Imagine."}, {"start": "00:10:48", "end": "00:10:52", "text": "Imagine."}, {"start": "00:10:50", "end": "00:10:54", "text": "But instead of buying the obvious"}, {"start": "00:10:52", "end": "00:10:57", "text": "accumulation period, you were waiting"}, {"start": "00:10:54", "end": "00:10:57", "text": "for 40k."}, {"start": "00:10:58", "end": "00:11:02", "text": "I know. And again, you know what? Maybe"}, {"start": "00:11:00", "end": "00:11:03", "text": "maybe World War II happens. Everybody"}, {"start": "00:11:02", "end": "00:11:05", "text": "starts nuking each other and the bears"}, {"start": "00:11:03", "end": "00:11:06", "text": "about like, see, I told you Bitcoin was"}, {"start": "00:11:05", "end": "00:11:08", "text": "going to 40k in October. I'm like, \"Shut"}, {"start": "00:11:06", "end": "00:11:13", "text": "up. Shut up. You did not see nuclear war"}, {"start": "00:11:08", "end": "00:11:15", "text": "coming. Get out of here, you stink. H."}, {"start": "00:11:13", "end": "00:11:17", "text": "But this is very interesting. Bitcoin"}, {"start": "00:11:15", "end": "00:11:19", "text": "after the copper gold cycle bottom is an"}, {"start": "00:11:17", "end": "00:11:21", "text": "extremely extremely important indicator"}, {"start": "00:11:19", "end": "00:11:24", "text": "because this is an economic health"}, {"start": "00:11:21", "end": "00:11:26", "text": "indicator, right? So when copper starts"}, {"start": "00:11:24", "end": "00:11:28", "text": "surging, it tends to have a very"}, {"start": "00:11:26", "end": "00:11:30", "text": "specific economic uh incentive with it."}, {"start": "00:11:28", "end": "00:11:31", "text": "That means that the economy is doing"}, {"start": "00:11:30", "end": "00:11:33", "text": "well, people are getting jobs, and"}, {"start": "00:11:31", "end": "00:11:36", "text": "people can afford to buy dog coins and"}, {"start": "00:11:33", "end": "00:11:38", "text": "bitcoin and other stuff like that. Okay."}, {"start": "00:11:36", "end": "00:11:39", "text": "Aore opposed to this. Sideliners didn't"}, {"start": "00:11:38", "end": "00:11:40", "text": "buy the bottom because it seemed too"}, {"start": "00:11:39", "end": "00:11:42", "text": "risky. They didn't buy the trend because"}, {"start": "00:11:40", "end": "00:11:43", "text": "it seemed too risky. Sideliners didn't"}, {"start": "00:11:42", "end": "00:11:44", "text": "buy the breakout because it could be a"}, {"start": "00:11:43", "end": "00:11:46", "text": "fake out. Too risky. They didn't buy the"}, {"start": "00:11:44", "end": "00:11:47", "text": "retest because it could be a breakdown."}, {"start": "00:11:46", "end": "00:11:49", "text": "Too risky. Sideliners treat risk as a"}, {"start": "00:11:47", "end": "00:11:52", "text": "bug to be fixed rather the price of"}, {"start": "00:11:49", "end": "00:11:55", "text": "admission. Yes. Price of admission is"}, {"start": "00:11:52", "end": "00:11:56", "text": "risk. I love it. Sideliners keep adding"}, {"start": "00:11:55", "end": "00:11:59", "text": "complexity trying to get the return"}, {"start": "00:11:56", "end": "00:12:02", "text": "without the pain. You have to"}, {"start": "00:11:59", "end": "00:12:04", "text": "internalize the pain of markets. You"}, {"start": "00:12:02", "end": "00:12:06", "text": "will be kicked in the balls and punched"}, {"start": "00:12:04", "end": "00:12:07", "text": "in the face and have your face held in"}, {"start": "00:12:06", "end": "00:12:09", "text": "the [�__�] more times you could possibly"}, {"start": "00:12:07", "end": "00:12:12", "text": "imagine. But on the other side of that"}, {"start": "00:12:09", "end": "00:12:12", "text": "pain"}, {"start": "00:12:12", "end": "00:12:19", "text": "lies the promised land. Never forget."}, {"start": "00:12:16", "end": "00:12:19", "text": "Anyway,"}, {"start": "00:12:22", "end": "00:12:26", "text": "let's move on to the next topic here,"}, {"start": "00:12:24", "end": "00:12:27", "text": "guys. Quick shout out to everybody in"}, {"start": "00:12:26", "end": "00:12:29", "text": "the chat. What is up, guys? Guys, Buenos"}, {"start": "00:12:27", "end": "00:12:32", "text": "Diaz,"}, {"start": "00:12:29", "end": "00:12:36", "text": "keep waiting on the 40s noobs. Bull run"}, {"start": "00:12:32", "end": "00:12:38", "text": "has happened. Yes, let's go. H Daniel,"}, {"start": "00:12:36", "end": "00:12:40", "text": "you are not a dumb sob. Daniel, I"}, {"start": "00:12:38", "end": "00:12:42", "text": "believe in you, man. If you missed the"}, {"start": "00:12:40", "end": "00:12:44", "text": "bottom, if you were waiting, you are not"}, {"start": "00:12:42", "end": "00:12:47", "text": "late, my friend. You are not late."}, {"start": "00:12:44", "end": "00:12:48", "text": "There's still time. Okay? No. You're a"}, {"start": "00:12:47", "end": "00:12:51", "text": "very smart, clever man. Do not let the"}, {"start": "00:12:48", "end": "00:12:54", "text": "markets get you down. No. It's not what"}, {"start": "00:12:51", "end": "00:12:54", "text": "we're here to do."}, {"start": "00:12:57", "end": "00:13:03", "text": "Next bull run to end September or"}, {"start": "00:12:59", "end": "00:13:03", "text": "October 29."}, {"start": "00:13:06", "end": "00:13:10", "text": "Absolute morons think the bottom's not."}, {"start": "00:13:08", "end": "00:13:11", "text": "Look, I haven't seen a lot of good"}, {"start": "00:13:10", "end": "00:13:13", "text": "arguments for why the bottom's on it"}, {"start": "00:13:11", "end": "00:13:14", "text": "except for a four-ear cycle. It has to"}, {"start": "00:13:13", "end": "00:13:17", "text": "happen and at this timeline because of X"}, {"start": "00:13:14", "end": "00:13:18", "text": "Y and Zed reasons, right? If you look at"}, {"start": "00:13:17", "end": "00:13:19", "text": "the charts, right? If you're a chart guy"}, {"start": "00:13:18", "end": "00:13:22", "text": "and you're looking at the charts like,"}, {"start": "00:13:19", "end": "00:13:24", "text": "explain it to me. I don't see it. I"}, {"start": "00:13:22", "end": "00:13:26", "text": "don't see it. I know. I've seen a few"}, {"start": "00:13:24", "end": "00:13:27", "text": "charts that are trying to find something"}, {"start": "00:13:26", "end": "00:13:31", "text": "like, well, you know, this one time in"}, {"start": "00:13:27", "end": "00:13:33", "text": "like 1967 with the oil markets and like"}, {"start": "00:13:31", "end": "00:13:35", "text": "Myanmar or something happened. See this"}, {"start": "00:13:33", "end": "00:13:40", "text": "fractal here? Like, shut the [�__�] up."}, {"start": "00:13:35", "end": "00:13:40", "text": "No, it didn't. No, it didn't. Anyway,"}, {"start": "00:13:44", "end": "00:13:46", "text": "uh yeah. Yeah. Charter charts. If we"}, {"start": "00:13:45", "end": "00:13:47", "text": "close the month green, then what is the"}, {"start": "00:13:46", "end": "00:13:49", "text": "probability of a fourth or fifth"}, {"start": "00:13:47", "end": "00:13:52", "text": "consecutive green month in October and"}, {"start": "00:13:49", "end": "00:13:55", "text": "November? Could happen. Could happen."}, {"start": "00:13:52", "end": "00:13:58", "text": "strength tends to run for a while."}, {"start": "00:13:55", "end": "00:13:59", "text": "Four-year cycle is undefeated. You know,"}, {"start": "00:13:58", "end": "00:14:00", "text": "it's like I said, we kind of got the"}, {"start": "00:13:59", "end": "00:14:02", "text": "best of both worlds. Nobody got what"}, {"start": "00:14:00", "end": "00:14:04", "text": "anything they wanted. Four-ear cycle"}, {"start": "00:14:02", "end": "00:14:05", "text": "disbelievers will say, \"Well, see, it"}, {"start": "00:14:04", "end": "00:14:07", "text": "was the shortest shallowest bare market"}, {"start": "00:14:05", "end": "00:14:08", "text": "essentially in Bitcoin's history.\""}, {"start": "00:14:07", "end": "00:14:10", "text": "Four-year cycle, bros are going to look"}, {"start": "00:14:08", "end": "00:14:11", "text": "and say, \"Well, yeah, but it still kind"}, {"start": "00:14:10", "end": "00:14:12", "text": "of topped around the time we thought it"}, {"start": "00:14:11", "end": "00:14:14", "text": "would.\" And yeah, it didn't go as low as"}, {"start": "00:14:12", "end": "00:14:15", "text": "it wanted wanted to. And yeah, it came"}, {"start": "00:14:14", "end": "00:14:19", "text": "in a few months early, but still kind of"}, {"start": "00:14:15", "end": "00:14:20", "text": "a four-year cycle."}, {"start": "00:14:19", "end": "00:14:23", "text": "Anyway, maybe next time we'll get a a"}, {"start": "00:14:20", "end": "00:14:25", "text": "much clearer uh read on the situation."}, {"start": "00:14:23", "end": "00:14:26", "text": "Hey, hey, let's uh do a quick trade"}, {"start": "00:14:25", "end": "00:14:28", "text": "update. Do you guys remember my trades"}, {"start": "00:14:26", "end": "00:14:31", "text": "that I put in the other day? Now, my"}, {"start": "00:14:28", "end": "00:14:34", "text": "pump fun trade got stopped out. My stop"}, {"start": "00:14:31", "end": "00:14:37", "text": "loss is just a tiny bit too tight. It's"}, {"start": "00:14:34", "end": "00:14:39", "text": "interesting because um our in-house"}, {"start": "00:14:37", "end": "00:14:40", "text": "trader over at uh the inner circle, link"}, {"start": "00:14:39", "end": "00:14:41", "text": "down below, by the way, if you're not in"}, {"start": "00:14:40", "end": "00:14:44", "text": "the inner circle yet, 7-day free trial."}, {"start": "00:14:41", "end": "00:14:44", "text": "Um our inner in-house trader said,"}, {"start": "00:14:44", "end": "00:14:47", "text": "\"Yeah, you know what? I'm going to put"}, {"start": "00:14:44", "end": "00:14:49", "text": "my stop loss at 0039"}, {"start": "00:14:47", "end": "00:14:50", "text": "instead of 004. Well, I think he's still"}, {"start": "00:14:49", "end": "00:14:52", "text": "in the trade. He didn't get stopped"}, {"start": "00:14:50", "end": "00:14:54", "text": "down. Of course, pump came down just on"}, {"start": "00:14:52", "end": "00:14:56", "text": "a very short wick over the weekend and"}, {"start": "00:14:54", "end": "00:14:58", "text": "blasted back higher, but most"}, {"start": "00:14:56", "end": "00:15:01", "text": "importantly, that's okay. Small just"}, {"start": "00:14:58", "end": "00:15:02", "text": "paper scratch. It's fine. The most"}, {"start": "00:15:01", "end": "00:15:05", "text": "important thing is that we caught the"}, {"start": "00:15:02", "end": "00:15:07", "text": "Ethereum and the Bitcoin breakout trades"}, {"start": "00:15:05", "end": "00:15:08", "text": "that we were trying to catch. Remember,"}, {"start": "00:15:07", "end": "00:15:10", "text": "we put these orders in the other day. I"}, {"start": "00:15:08", "end": "00:15:12", "text": "shared that with you on Friday. We got"}, {"start": "00:15:10", "end": "00:15:13", "text": "the move over the weekend. We got the"}, {"start": "00:15:12", "end": "00:15:16", "text": "entries. Now, I have not moved these to"}, {"start": "00:15:13", "end": "00:15:17", "text": "break even yet, but if we get a little"}, {"start": "00:15:16", "end": "00:15:19", "text": "bit more distance here, I think that I"}, {"start": "00:15:17", "end": "00:15:21", "text": "will do exactly that. So, very at the"}, {"start": "00:15:19", "end": "00:15:23", "text": "very worst scenario, the whole move"}, {"start": "00:15:21", "end": "00:15:26", "text": "retraces, and I don't make any money"}, {"start": "00:15:23", "end": "00:15:28", "text": "versus losing money. But the targets for"}, {"start": "00:15:26", "end": "00:15:31", "text": "these remain Ethereum 3,000, Bitcoin"}, {"start": "00:15:28", "end": "00:15:32", "text": "90,000. Those will be the take profits."}, {"start": "00:15:31", "end": "00:15:34", "text": "I'm not going to adjust them. I've"}, {"start": "00:15:32", "end": "00:15:36", "text": "considered adjusting. Like the Ethereum"}, {"start": "00:15:34", "end": "00:15:38", "text": "one, we wish move to like 3100. Maybe we"}, {"start": "00:15:36", "end": "00:15:40", "text": "move up to like 3,300. Like, you know,"}, {"start": "00:15:38", "end": "00:15:42", "text": "3K is a nice big fat clean number. and"}, {"start": "00:15:40", "end": "00:15:44", "text": "I'll be very happy to profits on that"}, {"start": "00:15:42", "end": "00:15:46", "text": "trade if we can get 3K let's say this"}, {"start": "00:15:44", "end": "00:15:48", "text": "week or something like that. So, we're"}, {"start": "00:15:46", "end": "00:15:49", "text": "staying in these trades. They're rocking"}, {"start": "00:15:48", "end": "00:15:50", "text": "and roll. And of course, if you want to"}, {"start": "00:15:49", "end": "00:15:53", "text": "join me trading over on Bit Unix, there"}, {"start": "00:15:50", "end": "00:15:56", "text": "is a link down below. We begin to win"}, {"start": "00:15:53", "end": "00:15:59", "text": "$5,000 every week. We're giving away"}, {"start": "00:15:56", "end": "00:16:03", "text": "five people win a,000 bucks every week."}, {"start": "00:15:59", "end": "00:16:06", "text": "One of those people could be you."}, {"start": "00:16:03", "end": "00:16:08", "text": "One of those people could be you."}, {"start": "00:16:06", "end": "00:16:10", "text": "All you have to do use link down below."}, {"start": "00:16:08", "end": "00:16:13", "text": "Sign up."}, {"start": "00:16:10", "end": "00:16:14", "text": "When you sign up, deposit some USDT,"}, {"start": "00:16:13", "end": "00:16:18", "text": "start trading, and like uh"}, {"start": "00:16:14", "end": "00:16:20", "text": "lbbo@gmail.com here, you can win $1,000."}, {"start": "00:16:18", "end": "00:16:21", "text": "It's that easy. Okay? It's available to"}, {"start": "00:16:20", "end": "00:16:22", "text": "anyone, anywhere. You can trade crypto,"}, {"start": "00:16:21", "end": "00:16:24", "text": "you can trade stocks, you can trade"}, {"start": "00:16:22", "end": "00:16:26", "text": "metals, you can trade oil. You watching"}, {"start": "00:16:24", "end": "00:16:29", "text": "this trade hormone crisis, the Babel"}, {"start": "00:16:26", "end": "00:16:31", "text": "Mand Deb crisis."}, {"start": "00:16:29", "end": "00:16:34", "text": "Trade the oil markets, man. 20x"}, {"start": "00:16:31", "end": "00:16:36", "text": "leverage. Bos USDT. Have a good time."}, {"start": "00:16:34", "end": "00:16:39", "text": "Get it. Get it, guys."}, {"start": "00:16:36", "end": "00:16:39", "text": "Okay, continuing."}, {"start": "00:16:39", "end": "00:16:44", "text": "The NASDAQ is ripping in pre-markets"}, {"start": "00:16:42", "end": "00:16:45", "text": "right now. And I we're not going to talk"}, {"start": "00:16:44", "end": "00:16:47", "text": "very much about stocks today. I do"}, {"start": "00:16:45", "end": "00:16:49", "text": "remember that I do own stocks. I have"}, {"start": "00:16:47", "end": "00:16:50", "text": "not forgotten. Just there's a lot more"}, {"start": "00:16:49", "end": "00:16:51", "text": "exciting stuff happening in crypto right"}, {"start": "00:16:50", "end": "00:16:55", "text": "now. So, we're talking more about that."}, {"start": "00:16:51", "end": "00:16:57", "text": "But currently, the Invesco uh QQQ is the"}, {"start": "00:16:55", "end": "00:17:00", "text": "QQQ the QQQ is ripping 728 in"}, {"start": "00:16:57", "end": "00:17:03", "text": "pre-markets. that stands. And this is in"}, {"start": "00:17:00", "end": "00:17:05", "text": "the backdrop. I have to point out in the"}, {"start": "00:17:03", "end": "00:17:08", "text": "backdrop of this, the world is falling"}, {"start": "00:17:05", "end": "00:17:10", "text": "apart, man. Moscow was bombed like crazy"}, {"start": "00:17:08", "end": "00:17:13", "text": "yesterday. Apocalyptic black smoke all"}, {"start": "00:17:10", "end": "00:17:17", "text": "over the city. The European Union and"}, {"start": "00:17:13", "end": "00:17:19", "text": "the Brits are saying prepare for war."}, {"start": "00:17:17", "end": "00:17:21", "text": "Usies are taking over the Babel Mendde"}, {"start": "00:17:19", "end": "00:17:23", "text": "Straight. France is running out of fuel."}, {"start": "00:17:21", "end": "00:17:24", "text": "11% of France is station based out of"}, {"start": "00:17:23", "end": "00:17:26", "text": "petrol or diesel. Alltime high price of"}, {"start": "00:17:24", "end": "00:17:28", "text": "diesel. ations come to a supermarket"}, {"start": "00:17:26", "end": "00:17:32", "text": "near you. You're going to have to pay"}, {"start": "00:17:28", "end": "00:17:36", "text": "higher prices for [�__�] everything."}, {"start": "00:17:32", "end": "00:17:38", "text": "Thanks, Donald. Thanks. And thanks in EU"}, {"start": "00:17:36", "end": "00:17:40", "text": "politicians who have zero [�__�]"}, {"start": "00:17:38", "end": "00:17:43", "text": "backbone. It's a whole different story."}, {"start": "00:17:40", "end": "00:17:45", "text": "Anyway,"}, {"start": "00:17:43", "end": "00:17:47", "text": "look at this."}, {"start": "00:17:45", "end": "00:17:49", "text": "This is not an anomaly."}, {"start": "00:17:47", "end": "00:17:51", "text": "We have very serious issues right now."}, {"start": "00:17:49", "end": "00:17:53", "text": "The East West pipeline across Saudi"}, {"start": "00:17:51", "end": "00:17:57", "text": "Arabia has been blown up. It's going to"}, {"start": "00:17:53", "end": "00:18:00", "text": "take months to fix the pumping stations."}, {"start": "00:17:57", "end": "00:18:01", "text": "The Saudis have literally said like we"}, {"start": "00:18:00", "end": "00:18:03", "text": "can't deliver any oil to Europe right"}, {"start": "00:18:01", "end": "00:18:05", "text": "now. Straight of Hormuz remains"}, {"start": "00:18:03", "end": "00:18:06", "text": "effectively under Iranian control. And"}, {"start": "00:18:05", "end": "00:18:07", "text": "there are some ships getting out. The"}, {"start": "00:18:06", "end": "00:18:10", "text": "Americans are getting out, some ships"}, {"start": "00:18:07", "end": "00:18:11", "text": "under, you know, constant uh Iranian"}, {"start": "00:18:10", "end": "00:18:12", "text": "fire against their uh destroyers and"}, {"start": "00:18:11", "end": "00:18:14", "text": "stuff like that. But some things are"}, {"start": "00:18:12", "end": "00:18:16", "text": "moving, but it ain't nothing like it was"}, {"start": "00:18:14", "end": "00:18:18", "text": "before. We are still in the grips of an"}, {"start": "00:18:16", "end": "00:18:20", "text": "unprecedented energy crisis. Well,"}, {"start": "00:18:18", "end": "00:18:24", "text": "Russia, one of the world's top producers"}, {"start": "00:18:20", "end": "00:18:26", "text": "and exporters of fuel, gas, all this"}, {"start": "00:18:24", "end": "00:18:28", "text": "stuff, their refineries are getting"}, {"start": "00:18:26", "end": "00:18:31", "text": "blown up left, right, and center. It"}, {"start": "00:18:28", "end": "00:18:34", "text": "ain't good, man. But all that being"}, {"start": "00:18:31", "end": "00:18:36", "text": "said, [�__�] it. The NASDAQ's pumping. The"}, {"start": "00:18:34", "end": "00:18:38", "text": "economy and the markets are not the same"}, {"start": "00:18:36", "end": "00:18:40", "text": "thing. Bitcoin's up, NASDAQ's up, and"}, {"start": "00:18:38", "end": "00:18:42", "text": "this can continue to happen. We could"}, {"start": "00:18:40", "end": "00:18:43", "text": "have a worsening financial situation."}, {"start": "00:18:42", "end": "00:18:45", "text": "And ironically, people get pushed into"}, {"start": "00:18:43", "end": "00:18:47", "text": "all this stuff because they look at go,"}, {"start": "00:18:45", "end": "00:18:48", "text": "\"Well, [�__�] I basically better go"}, {"start": "00:18:47", "end": "00:18:50", "text": "gamble on some meme coins because I"}, {"start": "00:18:48", "end": "00:18:52", "text": "can't afford to pay the bills this week."}, {"start": "00:18:50", "end": "00:18:54", "text": "That ain't good, by the way, but that's"}, {"start": "00:18:52", "end": "00:18:56", "text": "what happens. That all being said,"}, {"start": "00:18:54", "end": "00:18:57", "text": "current move in the NASDAQ, we need to"}, {"start": "00:18:56", "end": "00:18:58", "text": "get above this top orange line. That is"}, {"start": "00:18:57", "end": "00:19:00", "text": "the resistance line, which is basically"}, {"start": "00:18:58", "end": "00:19:02", "text": "where the pre-markets are showing the"}, {"start": "00:19:00", "end": "00:19:05", "text": "open happening at because once we break"}, {"start": "00:19:02", "end": "00:19:07", "text": "out above this, then we have a potential"}, {"start": "00:19:05", "end": "00:19:10", "text": "big move brewing here for the NASDAQ"}, {"start": "00:19:07", "end": "00:19:12", "text": "with a potential major major move higher"}, {"start": "00:19:10", "end": "00:19:14", "text": "coming in because look at this big fat"}, {"start": "00:19:12", "end": "00:19:15", "text": "triangle. Now I look I don't know if we"}, {"start": "00:19:14", "end": "00:19:17", "text": "get the full length of that triangle"}, {"start": "00:19:15", "end": "00:19:19", "text": "kind of move man but that it would be"}, {"start": "00:19:17", "end": "00:19:21", "text": "pretty groovy if we did but uh let's say"}, {"start": "00:19:19", "end": "00:19:22", "text": "at the very least this is going to get"}, {"start": "00:19:21", "end": "00:19:26", "text": "some momentum behind the move here."}, {"start": "00:19:22", "end": "00:19:26", "text": "Okay. Okay."}, {"start": "00:19:26", "end": "00:19:32", "text": "Energy crisis by the way that Ethereum"}, {"start": "00:19:29", "end": "00:19:34", "text": "chart look guys. Beautiful stuff man."}, {"start": "00:19:32", "end": "00:19:36", "text": "That's a beautiful breakout. A month"}, {"start": "00:19:34", "end": "00:19:37", "text": "getting stopped at 2550. Now we're"}, {"start": "00:19:36", "end": "00:19:39", "text": "breaking out. Now the volumes are not"}, {"start": "00:19:37", "end": "00:19:40", "text": "super high on this which I don't love by"}, {"start": "00:19:39", "end": "00:19:42", "text": "the way. So I'd like to see a little"}, {"start": "00:19:40", "end": "00:19:44", "text": "more volume coming in here. That would"}, {"start": "00:19:42", "end": "00:19:47", "text": "be nice to see. Currently, we don't have"}, {"start": "00:19:44", "end": "00:19:47", "text": "it. Okay."}, {"start": "00:19:48", "end": "00:19:54", "text": "Crisis breeds crisis like NASA, like"}, {"start": "00:19:50", "end": "00:19:57", "text": "NASCAR. Cautions breed cautions."}, {"start": "00:19:54", "end": "00:19:59", "text": "Reminds me of that movie with um Will"}, {"start": "00:19:57", "end": "00:20:02", "text": "Frell. Uh he's a NASCAR driver. It's"}, {"start": "00:19:59", "end": "00:20:05", "text": "hilarious. Anyway, besides the point,"}, {"start": "00:20:02", "end": "00:20:08", "text": "guys, look, I want I want to talk about"}, {"start": "00:20:05", "end": "00:20:10", "text": "something very serious. Very seriously,"}, {"start": "00:20:08", "end": "00:20:14", "text": "guys."}, {"start": "00:20:10", "end": "00:20:16", "text": "Is it too late to buy crypto?"}, {"start": "00:20:14", "end": "00:20:18", "text": "It's a good question and it's a question"}, {"start": "00:20:16", "end": "00:20:21", "text": "I'm getting asked a lot. I see a lot of"}, {"start": "00:20:18", "end": "00:20:22", "text": "you guys maybe you're sidelined. You've"}, {"start": "00:20:21", "end": "00:20:25", "text": "seen the pumps recently and you're"}, {"start": "00:20:22", "end": "00:20:30", "text": "going, \"It's too late to buy crypto. I"}, {"start": "00:20:25", "end": "00:20:30", "text": "effed up. It's too late.\""}, {"start": "00:20:31", "end": "00:20:34", "text": "Look,"}, {"start": "00:20:33", "end": "00:20:37", "text": "even the things that have pumped like"}, {"start": "00:20:34", "end": "00:20:40", "text": "crazy, like maybe Stonk fund or pawns,"}, {"start": "00:20:37", "end": "00:20:41", "text": "like they're still under half a billion"}, {"start": "00:20:40", "end": "00:20:44", "text": "dollar market cap. And again, you need"}, {"start": "00:20:41", "end": "00:20:46", "text": "to remember, you guys need to remember,"}, {"start": "00:20:44", "end": "00:20:47", "text": "everyone's got so much PTSD right now."}, {"start": "00:20:46", "end": "00:20:50", "text": "We don't even remember what a bull"}, {"start": "00:20:47", "end": "00:20:51", "text": "market is like anymore. You've"}, {"start": "00:20:50", "end": "00:20:53", "text": "forgotten. You've forgotten your ways or"}, {"start": "00:20:51", "end": "00:20:56", "text": "you never were here for a real one. If"}, {"start": "00:20:53", "end": "00:20:58", "text": "you joined Cryptos anytime since 2022,"}, {"start": "00:20:56", "end": "00:21:00", "text": "you've known nothing but pain and"}, {"start": "00:20:58", "end": "00:21:01", "text": "suffering"}, {"start": "00:21:00", "end": "00:21:04", "text": "with little moments of hope where you"}, {"start": "00:21:01", "end": "00:21:07", "text": "think, \"Could I possibly make it?\" No."}, {"start": "00:21:04", "end": "00:21:10", "text": "Screw you. Back to the [�__�] It's been"}, {"start": "00:21:07", "end": "00:21:12", "text": "tough. It's been tough. But here's some"}, {"start": "00:21:10", "end": "00:21:15", "text": "perspective for you if you think you're"}, {"start": "00:21:12", "end": "00:21:19", "text": "so late. Bitcoin still 33% of their"}, {"start": "00:21:15", "end": "00:21:23", "text": "all-time highs. ETH 45%"}, {"start": "00:21:19", "end": "00:21:26", "text": "XRP 60% Salana 60% surprisingly even"}, {"start": "00:21:23", "end": "00:21:27", "text": "Zcash is still 52% at all-time highs and"}, {"start": "00:21:26", "end": "00:21:29", "text": "all this stuff if you believe we're"}, {"start": "00:21:27", "end": "00:21:31", "text": "entering a real uh bull market for"}, {"start": "00:21:29", "end": "00:21:32", "text": "crypto again which all the charts seem"}, {"start": "00:21:31", "end": "00:21:33", "text": "to indicate that yes that's the exact"}, {"start": "00:21:32", "end": "00:21:36", "text": "case that's what's happening then guess"}, {"start": "00:21:33", "end": "00:21:38", "text": "what"}, {"start": "00:21:36", "end": "00:21:39", "text": "all these things are well not all these"}, {"start": "00:21:38", "end": "00:21:41", "text": "things but a lot of this stuff's going"}, {"start": "00:21:39", "end": "00:21:43", "text": "to go to new all-time highs hyperlquid"}, {"start": "00:21:41", "end": "00:21:45", "text": "has hit a new all-time highs but it's a"}, {"start": "00:21:43", "end": "00:21:47", "text": "new cycle coin dogecoin you know I have"}, {"start": "00:21:45", "end": "00:21:49", "text": "mixed feelings about Dogecoin, but 87%"}, {"start": "00:21:47", "end": "00:21:52", "text": "under all-time highs currently. Monero"}, {"start": "00:21:49", "end": "00:21:54", "text": "still 27% under Chain Link. Gosh darn,"}, {"start": "00:21:52", "end": "00:21:56", "text": "will that thing ever do anything? 75%."}, {"start": "00:21:54", "end": "00:21:58", "text": "And some coins like Cardano, I don't"}, {"start": "00:21:56", "end": "00:21:59", "text": "even necessarily think deserve to have"}, {"start": "00:21:58", "end": "00:22:01", "text": "new all-time highs unless something"}, {"start": "00:21:59", "end": "00:22:02", "text": "fundamentally changes under the hood."}, {"start": "00:22:01", "end": "00:22:05", "text": "But there's a lot of coins that are"}, {"start": "00:22:02", "end": "00:22:08", "text": "still pretty deep. Look at Unis swap,"}, {"start": "00:22:05", "end": "00:22:11", "text": "man. It's 80% under alltime highs. 80"}, {"start": "00:22:08", "end": "00:22:14", "text": "effing percent. And I know it has pumped"}, {"start": "00:22:11", "end": "00:22:15", "text": "by like 200% plus since we shared a"}, {"start": "00:22:14", "end": "00:22:16", "text": "report on it in the inner circle, which"}, {"start": "00:22:15", "end": "00:22:18", "text": "of course you got because you're an"}, {"start": "00:22:16", "end": "00:22:20", "text": "inner circle member, right? 7-day free"}, {"start": "00:22:18", "end": "00:22:25", "text": "trial link down below if you're not yet."}, {"start": "00:22:20", "end": "00:22:27", "text": "Anyway, 80% under. That's crazy. Now"}, {"start": "00:22:25", "end": "00:22:29", "text": "look, Bitcoin Cash is 93% under. Who the"}, {"start": "00:22:27", "end": "00:22:31", "text": "[�__�] buying Bitcoin Cash in 2026?"}, {"start": "00:22:29", "end": "00:22:34", "text": "What's wrong with you people? Come on,"}, {"start": "00:22:31", "end": "00:22:36", "text": "man. Well, there's a lot of other stuff"}, {"start": "00:22:34", "end": "00:22:38", "text": "out there that is decent and is still"}, {"start": "00:22:36", "end": "00:22:39", "text": "massively under all-time highs. You"}, {"start": "00:22:38", "end": "00:22:42", "text": "know, if you think Sue is going to have"}, {"start": "00:22:39", "end": "00:22:44", "text": "a big comeback, you dudes, it's 81%"}, {"start": "00:22:42", "end": "00:22:48", "text": "under its all-time high. You still have"}, {"start": "00:22:44", "end": "00:22:51", "text": "time. Believe it or not, you still have"}, {"start": "00:22:48", "end": "00:22:54", "text": "time. That's the thing. You are not"}, {"start": "00:22:51", "end": "00:22:56", "text": "late. You are not late. I know it feels"}, {"start": "00:22:54", "end": "00:22:58", "text": "like you're late. I know. I understand"}, {"start": "00:22:56", "end": "00:22:59", "text": "because it's easy to feel like you're"}, {"start": "00:22:58", "end": "00:23:02", "text": "late when you see everything going on in"}, {"start": "00:22:59", "end": "00:23:04", "text": "the market right now."}, {"start": "00:23:02", "end": "00:23:07", "text": "But the average length of a bull run is"}, {"start": "00:23:04", "end": "00:23:09", "text": "about 100 to 140 weeks. That's for a"}, {"start": "00:23:07", "end": "00:23:10", "text": "Bitcoin bull run. Altcoins will"}, {"start": "00:23:09", "end": "00:23:12", "text": "generally follow along. And I think"}, {"start": "00:23:10", "end": "00:23:14", "text": "we're going to see something really"}, {"start": "00:23:12", "end": "00:23:16", "text": "different happen this time where"}, {"start": "00:23:14", "end": "00:23:18", "text": "usually Bitcoin moves first. Everything"}, {"start": "00:23:16", "end": "00:23:20", "text": "else kind of languishes a bit. But"}, {"start": "00:23:18", "end": "00:23:22", "text": "dudes, have you paid attention? What's"}, {"start": "00:23:20", "end": "00:23:24", "text": "happening right now? Revenue Metacoins"}, {"start": "00:23:22", "end": "00:23:25", "text": "are taking off. Zcash is making a big"}, {"start": "00:23:24", "end": "00:23:27", "text": "comeback. All this kind of stuff."}, {"start": "00:23:25", "end": "00:23:29", "text": "There's so much happening right now that"}, {"start": "00:23:27", "end": "00:23:32", "text": "Bitcoin will go up and altcoins will"}, {"start": "00:23:29", "end": "00:23:33", "text": "also go up exponentially during the same"}, {"start": "00:23:32", "end": "00:23:36", "text": "period."}, {"start": "00:23:33", "end": "00:23:38", "text": "altcoins will remain the higher risk,"}, {"start": "00:23:36", "end": "00:23:40", "text": "higher reward play without a doubt. It's"}, {"start": "00:23:38", "end": "00:23:44", "text": "very obvious at this point, I think. And"}, {"start": "00:23:40", "end": "00:23:47", "text": "so, if we have, let's say, 100 to 140"}, {"start": "00:23:44", "end": "00:23:52", "text": "weeks left, the top's not going to come"}, {"start": "00:23:47", "end": "00:23:56", "text": "in until late 28 or early 29."}, {"start": "00:23:52", "end": "00:23:58", "text": "I mean, for all intents and purposes,"}, {"start": "00:23:56", "end": "00:24:00", "text": "we're"}, {"start": "00:23:58", "end": "00:24:02", "text": "a few percentage points into the bull"}, {"start": "00:24:00", "end": "00:24:05", "text": "run right now. like literally just"}, {"start": "00:24:02", "end": "00:24:07", "text": "started a few weeks ago. So you still"}, {"start": "00:24:05", "end": "00:24:08", "text": "it's been going on for what four or five"}, {"start": "00:24:07", "end": "00:24:10", "text": "weeks, let's say, since we got"}, {"start": "00:24:08", "end": "00:24:15", "text": "confirmations over the 50we EMA and"}, {"start": "00:24:10", "end": "00:24:18", "text": "stuff like that. So that means you have"}, {"start": "00:24:15", "end": "00:24:21", "text": "95 to 135 weeks left. I think you got"}, {"start": "00:24:18", "end": "00:24:24", "text": "time. I think you are not too late. Now"}, {"start": "00:24:21", "end": "00:24:27", "text": "when we come back to this chart in 18"}, {"start": "00:24:24", "end": "00:24:29", "text": "months time, this you know coins uh"}, {"start": "00:24:27", "end": "00:24:32", "text": "price under all time this chart. We come"}, {"start": "00:24:29", "end": "00:24:34", "text": "back to this chart in 18 months and uh"}, {"start": "00:24:32", "end": "00:24:37", "text": "we see coins that are, you know,"}, {"start": "00:24:34", "end": "00:24:40", "text": "Bitcoin's 200% over its previous highs."}, {"start": "00:24:37", "end": "00:24:42", "text": "Uh Ethereum's, I don't know, still under"}, {"start": "00:24:40", "end": "00:24:44", "text": "$5,000 somehow. But other coins have"}, {"start": "00:24:42", "end": "00:24:46", "text": "gone on to all-time highs, except"}, {"start": "00:24:44", "end": "00:24:48", "text": "Ethereum because, you know, it's"}, {"start": "00:24:46", "end": "00:24:49", "text": "Ethereum anyway, but other coins have"}, {"start": "00:24:48", "end": "00:24:51", "text": "gone on to alltime highs and you're"}, {"start": "00:24:49", "end": "00:24:52", "text": "looking at these things and the charts"}, {"start": "00:24:51", "end": "00:24:54", "text": "are going look like the Burj Khalifa,"}, {"start": "00:24:52", "end": "00:24:56", "text": "man. Straight up cliffs, like boom, like"}, {"start": "00:24:54", "end": "00:24:58", "text": "oh my gosh, this is the new paradigm"}, {"start": "00:24:56", "end": "00:25:00", "text": "money. Everyone's a genius. You know,"}, {"start": "00:24:58", "end": "00:25:02", "text": "Coinbase is at number one. FOMO's at"}, {"start": "00:25:00", "end": "00:25:04", "text": "number two. All these crypto apps, this"}, {"start": "00:25:02", "end": "00:25:05", "text": "is it. The real adoption's here."}, {"start": "00:25:04", "end": "00:25:07", "text": "Everything's going to go to the moon"}, {"start": "00:25:05", "end": "00:25:10", "text": "forever. We're [�__�] geniuses. Sell"}, {"start": "00:25:07", "end": "00:25:11", "text": "and get the hell out of the market."}, {"start": "00:25:10", "end": "00:25:13", "text": "But that's not here right now. That kind"}, {"start": "00:25:11", "end": "00:25:15", "text": "of sentiment is not here right now. Now,"}, {"start": "00:25:13", "end": "00:25:17", "text": "look, did you if you're still sidelined"}, {"start": "00:25:15", "end": "00:25:19", "text": "and you're 100% in cash, did you miss"}, {"start": "00:25:17", "end": "00:25:23", "text": "the pico peak bottom? Yes, you did. Get"}, {"start": "00:25:19", "end": "00:25:27", "text": "over it. Get over it. I mean, look,"}, {"start": "00:25:23", "end": "00:25:30", "text": "Bitcoin Wales bought 270,000 BTC under"}, {"start": "00:25:27", "end": "00:25:32", "text": "60K in the single biggest onchain"}, {"start": "00:25:30", "end": "00:25:35", "text": "accumulation event in the history of"}, {"start": "00:25:32", "end": "00:25:37", "text": "crypto. And we had the biggest single"}, {"start": "00:25:35", "end": "00:25:40", "text": "short liquidation event in the history"}, {"start": "00:25:37", "end": "00:25:41", "text": "of crypto. Those were two major signals."}, {"start": "00:25:40", "end": "00:25:42", "text": "There's like 10 other things, 20 other"}, {"start": "00:25:41", "end": "00:25:44", "text": "things we've covered on the channel"}, {"start": "00:25:42", "end": "00:25:46", "text": "since that time. But did you miss the"}, {"start": "00:25:44", "end": "00:25:48", "text": "plea bottom? Yes, you missed plea"}, {"start": "00:25:46", "end": "00:25:50", "text": "bottom. I got bad news for you. Get over"}, {"start": "00:25:48", "end": "00:25:51", "text": "it."}, {"start": "00:25:50", "end": "00:25:54", "text": "you probably wouldn't have bought anyway"}, {"start": "00:25:51", "end": "00:25:55", "text": "if Bitcoin had really gone down to 40k"}, {"start": "00:25:54", "end": "00:25:56", "text": "in a two weeks, which hey, you know"}, {"start": "00:25:55", "end": "00:25:57", "text": "what, maybe World War II happens,"}, {"start": "00:25:56", "end": "00:25:59", "text": "everyone starts nuking each other and we"}, {"start": "00:25:57", "end": "00:25:59", "text": "do go to 40k and the bears are right,"}, {"start": "00:25:59", "end": "00:26:00", "text": "but you're probably not going to buy"}, {"start": "00:25:59", "end": "00:26:03", "text": "Bitcoin then anyway because there"}, {"start": "00:26:00", "end": "00:26:05", "text": "nuclear war happening. That's scary"}, {"start": "00:26:03", "end": "00:26:07", "text": "realistically."}, {"start": "00:26:05", "end": "00:26:08", "text": "But even if we'd gone down just let's"}, {"start": "00:26:07", "end": "00:26:10", "text": "say normally without any kind of crazy"}, {"start": "00:26:08", "end": "00:26:12", "text": "[�__�] happening, none of none of the last"}, {"start": "00:26:10", "end": "00:26:14", "text": "six weeks had happened, we go down to"}, {"start": "00:26:12", "end": "00:26:17", "text": "40k, nice, everything's perfectly on"}, {"start": "00:26:14", "end": "00:26:18", "text": "plan, 40k BTC October 6th, you wouldn't"}, {"start": "00:26:17", "end": "00:26:20", "text": "have bought anyway because all those"}, {"start": "00:26:18", "end": "00:26:22", "text": "same influencers who were telling you,"}, {"start": "00:26:20", "end": "00:26:24", "text": "\"Oh, guess what? We're going to 40k on"}, {"start": "00:26:22", "end": "00:26:25", "text": "October 6 and it simply has to happen"}, {"start": "00:26:24", "end": "00:26:28", "text": "because that's what's happened before in"}, {"start": "00:26:25", "end": "00:26:30", "text": "previous scenarios in the three bare"}, {"start": "00:26:28", "end": "00:26:32", "text": "markets we've had in crypto. Huge data"}, {"start": "00:26:30", "end": "00:26:33", "text": "set, right?\" Well, guess what? you"}, {"start": "00:26:32", "end": "00:26:34", "text": "probably still wouldn't have bought"}, {"start": "00:26:33", "end": "00:26:35", "text": "because those same influencers would"}, {"start": "00:26:34", "end": "00:26:37", "text": "have come out and said, \"Oh, you know,"}, {"start": "00:26:35", "end": "00:26:39", "text": "we're at 40K now. We're probably going"}, {"start": "00:26:37", "end": "00:26:42", "text": "to 20K.\" Look, this this this chart"}, {"start": "00:26:39", "end": "00:26:44", "text": "here, like, you know what? Here's the"}, {"start": "00:26:42", "end": "00:26:46", "text": "deal. You didn't buy the pico bottom,"}, {"start": "00:26:44", "end": "00:26:49", "text": "but you can still make [�__�] tons of"}, {"start": "00:26:46", "end": "00:26:53", "text": "money. [�__�] tons of money. But you can't"}, {"start": "00:26:49", "end": "00:26:57", "text": "be scared forever. You can't have PTSD"}, {"start": "00:26:53", "end": "00:26:59", "text": "forever. At some point, you need to wake"}, {"start": "00:26:57", "end": "00:27:02", "text": "up and say to yourself, \"I'm ready to"}, {"start": "00:26:59", "end": "00:27:04", "text": "take risks.\" And look, it's crypto, man."}, {"start": "00:27:02", "end": "00:27:06", "text": "You can lose all your money. You"}, {"start": "00:27:04", "end": "00:27:08", "text": "understand that, right? You've come here"}, {"start": "00:27:06", "end": "00:27:12", "text": "for some reason to invest in one of the"}, {"start": "00:27:08", "end": "00:27:14", "text": "wildest, most effed up markets out"}, {"start": "00:27:12", "end": "00:27:15", "text": "there. It's great. You make [�__�] tons of"}, {"start": "00:27:14", "end": "00:27:16", "text": "money. People prove that every day. You"}, {"start": "00:27:15", "end": "00:27:18", "text": "can also lose [�__�] tons of money. People"}, {"start": "00:27:16", "end": "00:27:19", "text": "prove that every day. And we don't talk"}, {"start": "00:27:18", "end": "00:27:20", "text": "about those stories because it's not"}, {"start": "00:27:19", "end": "00:27:22", "text": "very convenient to talk about everybody"}, {"start": "00:27:20", "end": "00:27:24", "text": "losing all their money. We like to talk"}, {"start": "00:27:22", "end": "00:27:26", "text": "about the guys who took $100,000 and"}, {"start": "00:27:24", "end": "00:27:28", "text": "turned it into 10 million. The guy who"}, {"start": "00:27:26", "end": "00:27:31", "text": "took 500 bucks and turned it into a"}, {"start": "00:27:28", "end": "00:27:33", "text": "million. Those are great stories and"}, {"start": "00:27:31", "end": "00:27:35", "text": "they can happen, but you don't have to"}, {"start": "00:27:33", "end": "00:27:36", "text": "turn you don't have to get the 100x"}, {"start": "00:27:35", "end": "00:27:38", "text": "gain. You can get a 10x gain. And I"}, {"start": "00:27:36", "end": "00:27:42", "text": "think right now there are a lot of"}, {"start": "00:27:38", "end": "00:27:45", "text": "altcoins. There are a lot of"}, {"start": "00:27:42", "end": "00:27:47", "text": "majors, you know, top top tier coin,"}, {"start": "00:27:45", "end": "00:27:50", "text": "dude. Salon is at 100 bucks right now."}, {"start": "00:27:47", "end": "00:27:52", "text": "It probably goes to anywhere between 500"}, {"start": "00:27:50", "end": "00:27:54", "text": "and a,000."}, {"start": "00:27:52", "end": "00:27:55", "text": "Easy. I mean, well, easy. There's going"}, {"start": "00:27:54", "end": "00:27:57", "text": "to be multiple draw downs the way make"}, {"start": "00:27:55", "end": "00:27:59", "text": "you question your reality but like you"}, {"start": "00:27:57", "end": "00:28:01", "text": "know you're still early if we get those"}, {"start": "00:27:59", "end": "00:28:04", "text": "kind of price targets you're still early"}, {"start": "00:28:01", "end": "00:28:07", "text": "you can still make money on these things"}, {"start": "00:28:04", "end": "00:28:09", "text": "or if you look at some of the the DeFi"}, {"start": "00:28:07", "end": "00:28:12", "text": "primitives on"}, {"start": "00:28:09", "end": "00:28:14", "text": "Solana like Meteora or Jupiter or Pump"}, {"start": "00:28:12", "end": "00:28:16", "text": "Fun or Radium like these things could"}, {"start": "00:28:14", "end": "00:28:17", "text": "20x man I'm not saying there's a"}, {"start": "00:28:16", "end": "00:28:18", "text": "guarantee that's going to happen but I'm"}, {"start": "00:28:17", "end": "00:28:22", "text": "saying that if we get this kind of"}, {"start": "00:28:18", "end": "00:28:25", "text": "financial conditions like we saw inuh 17"}, {"start": "00:28:22", "end": "00:28:27", "text": "or like we saw in 2021, then these"}, {"start": "00:28:25", "end": "00:28:29", "text": "things could 20x, which is not when you"}, {"start": "00:28:27", "end": "00:28:31", "text": "buy them after they've 20xed. You want"}, {"start": "00:28:29", "end": "00:28:33", "text": "to buy them before they've 20xed before"}, {"start": "00:28:31", "end": "00:28:34", "text": "the retail herd arrives. You're here"}, {"start": "00:28:33", "end": "00:28:35", "text": "now. You're listening to this message,"}, {"start": "00:28:34", "end": "00:28:37", "text": "and I hope that it resonates with you to"}, {"start": "00:28:35", "end": "00:28:39", "text": "some degree"}, {"start": "00:28:37", "end": "00:28:41", "text": "because the opportunity is still very,"}, {"start": "00:28:39", "end": "00:28:42", "text": "very real. Look what's happened over the"}, {"start": "00:28:41", "end": "00:28:46", "text": "last few years. We've had basically,"}, {"start": "00:28:42", "end": "00:28:48", "text": "look, dudes, the PTSD is real. 2022"}, {"start": "00:28:46", "end": "00:28:51", "text": "happened, which was extremely traumatic"}, {"start": "00:28:48", "end": "00:28:52", "text": "for everybody, okay? 2023 we had a"}, {"start": "00:28:51", "end": "00:28:54", "text": "little bit of something happen but most"}, {"start": "00:28:52", "end": "00:28:56", "text": "of every it was still a bare market or"}, {"start": "00:28:54", "end": "00:28:58", "text": "let's say it was early bull market but"}, {"start": "00:28:56", "end": "00:28:59", "text": "you know things just round trip pretty"}, {"start": "00:28:58", "end": "00:29:02", "text": "quickly and then we had all this"}, {"start": "00:28:59", "end": "00:29:05", "text": "volatility we had the the Japanese yen"}, {"start": "00:29:02", "end": "00:29:07", "text": "carry trade unwind and we had the ETF"}, {"start": "00:29:05", "end": "00:29:09", "text": "stuff and the ETF selloff and then we"}, {"start": "00:29:07", "end": "00:29:11", "text": "had you know malaise in the crypto"}, {"start": "00:29:09", "end": "00:29:13", "text": "market through 2024 then Trump comes in"}, {"start": "00:29:11", "end": "00:29:15", "text": "pumps and dumps the entire damn"}, {"start": "00:29:13", "end": "00:29:19", "text": "cryptocurrency market 2025 we pay for"}, {"start": "00:29:15", "end": "00:29:20", "text": "our sins massively nihilism takes over"}, {"start": "00:29:19", "end": "00:29:22", "text": "nobody wants to buy any of these, you"}, {"start": "00:29:20", "end": "00:29:23", "text": "know, fundamentally sound cryptos"}, {"start": "00:29:22", "end": "00:29:25", "text": "anymore because the token models are all"}, {"start": "00:29:23", "end": "00:29:27", "text": "effing broken. Nothing works. Everyone,"}, {"start": "00:29:25", "end": "00:29:30", "text": "everything's [�__�] We have these 20"}, {"start": "00:29:27", "end": "00:29:32", "text": "billion fully diluted valuation crypto"}, {"start": "00:29:30", "end": "00:29:33", "text": "dog [�__�] things coming out with a 3%"}, {"start": "00:29:32", "end": "00:29:35", "text": "float. Everybody's losing all their"}, {"start": "00:29:33", "end": "00:29:38", "text": "[�__�] money. VCs are even losing their"}, {"start": "00:29:35", "end": "00:29:40", "text": "money now. And then 2025 happens. It's"}, {"start": "00:29:38", "end": "00:29:42", "text": "down only until we get this short"}, {"start": "00:29:40", "end": "00:29:43", "text": "digital asset treasury wave. Then 1010"}, {"start": "00:29:42", "end": "00:29:45", "text": "happens. The biggest, most painful"}, {"start": "00:29:43", "end": "00:29:47", "text": "liquidation event in the entire history"}, {"start": "00:29:45", "end": "00:29:48", "text": "of crypto. literally zeroing out traders"}, {"start": "00:29:47", "end": "00:29:50", "text": "who have been here in the market for"}, {"start": "00:29:48", "end": "00:29:54", "text": "years. Everybody just wrecked insta"}, {"start": "00:29:50", "end": "00:29:57", "text": "wrecked overnight. So yeah, if you're"}, {"start": "00:29:54", "end": "00:29:59", "text": "still here, if you've not lost"}, {"start": "00:29:57", "end": "00:30:01", "text": "everything, if you survived somehow and"}, {"start": "00:29:59", "end": "00:30:02", "text": "you still have cash and you're sitting"}, {"start": "00:30:01", "end": "00:30:03", "text": "there and you're looking, well, guess"}, {"start": "00:30:02", "end": "00:30:05", "text": "what? Crypto is still a pretty"}, {"start": "00:30:03", "end": "00:30:06", "text": "contrarian bet. There are new financial"}, {"start": "00:30:05", "end": "00:30:07", "text": "primitives being built. There's new"}, {"start": "00:30:06", "end": "00:30:09", "text": "things being built. There are things"}, {"start": "00:30:07", "end": "00:30:12", "text": "that are taking off all the time,"}, {"start": "00:30:09", "end": "00:30:13", "text": "whether it be launchpads or hyperlquid"}, {"start": "00:30:12", "end": "00:30:14", "text": "or lighter, any of this kind of stuff."}, {"start": "00:30:13", "end": "00:30:15", "text": "We have the biggest companies in the"}, {"start": "00:30:14", "end": "00:30:17", "text": "world. you know, Black Rockck and"}, {"start": "00:30:15", "end": "00:30:18", "text": "Franklin Templeton and Fidelity and all"}, {"start": "00:30:17", "end": "00:30:21", "text": "these kind of people getting behind"}, {"start": "00:30:18", "end": "00:30:21", "text": "crypto."}, {"start": "00:30:21", "end": "00:30:24", "text": "Okay, we're running on broader economics"}, {"start": "00:30:22", "end": "00:30:26", "text": "right now, too, which if the four-year"}, {"start": "00:30:24", "end": "00:30:27", "text": "cycle is broken, actually, it's a really"}, {"start": "00:30:26", "end": "00:30:28", "text": "good thing for the cryptocurrency market"}, {"start": "00:30:27", "end": "00:30:29", "text": "to get rid of this narrative, though."}, {"start": "00:30:28", "end": "00:30:31", "text": "Every four years, we have to do this"}, {"start": "00:30:29", "end": "00:30:32", "text": "exact same thing. Look, there are cycles"}, {"start": "00:30:31", "end": "00:30:34", "text": "that are happening with the ISM, PMI for"}, {"start": "00:30:32", "end": "00:30:35", "text": "manufacturing, the copper gold ratio,"}, {"start": "00:30:34", "end": "00:30:38", "text": "and all this kind of stuff that probably"}, {"start": "00:30:35", "end": "00:30:40", "text": "matter more. Look, don't go in on go"}, {"start": "00:30:38", "end": "00:30:41", "text": "don't go all in on crypto. I know some"}, {"start": "00:30:40", "end": "00:30:42", "text": "of you guys are all in on crypto, so you"}, {"start": "00:30:41", "end": "00:30:43", "text": "know, maybe that message is not for you,"}, {"start": "00:30:42", "end": "00:30:46", "text": "but don't go all in on crypto if you're"}, {"start": "00:30:43", "end": "00:30:48", "text": "newer to crypto. Understand the risks"}, {"start": "00:30:46", "end": "00:30:50", "text": "are real, especially in altcoins, but"}, {"start": "00:30:48", "end": "00:30:52", "text": "the rewards are real, too. People have"}, {"start": "00:30:50", "end": "00:30:55", "text": "made over the last just two or three"}, {"start": "00:30:52", "end": "00:30:57", "text": "months, I've seen people literally turn"}, {"start": "00:30:55", "end": "00:30:59", "text": "money into millions of dollars where"}, {"start": "00:30:57", "end": "00:31:00", "text": "they come in with a few hundred,000 or"}, {"start": "00:30:59", "end": "00:31:02", "text": "less, maybe tens of thousands of"}, {"start": "00:31:00", "end": "00:31:04", "text": "dollars. They've made literally"}, {"start": "00:31:02", "end": "00:31:06", "text": "life-changing money. So, you have to get"}, {"start": "00:31:04", "end": "00:31:09", "text": "over the PTSD. You have to put on your"}, {"start": "00:31:06", "end": "00:31:11", "text": "big boy pants now."}, {"start": "00:31:09", "end": "00:31:13", "text": "It is not too late for life-changing"}, {"start": "00:31:11", "end": "00:31:17", "text": "returns. But the window will not stay"}, {"start": "00:31:13", "end": "00:31:19", "text": "open forever. It will not. It never does"}, {"start": "00:31:17", "end": "00:31:21", "text": "because there are still people sidelined"}, {"start": "00:31:19", "end": "00:31:23", "text": "and they're looking, oh yeah, but did"}, {"start": "00:31:21", "end": "00:31:24", "text": "you see what happened in Moscow the"}, {"start": "00:31:23", "end": "00:31:26", "text": "other day? All about the Babel Mendde"}, {"start": "00:31:24", "end": "00:31:27", "text": "Straight. Like, ah, can we really trust"}, {"start": "00:31:26", "end": "00:31:29", "text": "this move? Like, man, the four year"}, {"start": "00:31:27", "end": "00:31:30", "text": "cycle still plays. I'm just going to"}, {"start": "00:31:29", "end": "00:31:31", "text": "stay in cash for a little while longer"}, {"start": "00:31:30", "end": "00:31:34", "text": "and those people are going to start"}, {"start": "00:31:31", "end": "00:31:35", "text": "buying over 100K. Now, look, I have to"}, {"start": "00:31:34", "end": "00:31:37", "text": "be very clear, too. Bitcoin is not going"}, {"start": "00:31:35", "end": "00:31:38", "text": "to make you rich. It ain't. It just"}, {"start": "00:31:37", "end": "00:31:40", "text": "ain't. Is it going to do better than the"}, {"start": "00:31:38", "end": "00:31:42", "text": "NASDAQ? Yes, it has done better from the"}, {"start": "00:31:40", "end": "00:31:43", "text": "NASDAQ for the last 10 years. I think"}, {"start": "00:31:42", "end": "00:31:44", "text": "for the next 10 years at least, it'll"}, {"start": "00:31:43", "end": "00:31:46", "text": "continue to do better than the NASDAQ."}, {"start": "00:31:44", "end": "00:31:49", "text": "After that, all bets are off in my"}, {"start": "00:31:46", "end": "00:31:50", "text": "opinion. But the next 10 years, Bitcoin"}, {"start": "00:31:49", "end": "00:31:51", "text": "remains an interesting investment. But"}, {"start": "00:31:50", "end": "00:31:55", "text": "even for this cycle, let's say over the"}, {"start": "00:31:51", "end": "00:31:56", "text": "next 100 to 120 weeks,"}, {"start": "00:31:55", "end": "00:31:58", "text": "is Bitcoin going to make you mega rich?"}, {"start": "00:31:56", "end": "00:32:00", "text": "Is buying Bitcoin right now at mid"}, {"start": "00:31:58", "end": "00:32:03", "text": "$80,000 going to be the best place to"}, {"start": "00:32:00", "end": "00:32:04", "text": "put your money? Let's say it's the most"}, {"start": "00:32:03", "end": "00:32:06", "text": "lowrisk place in the cryptocurrency"}, {"start": "00:32:04", "end": "00:32:08", "text": "market to put your money, but I don't"}, {"start": "00:32:06", "end": "00:32:10", "text": "think you're taking much bigger risk"}, {"start": "00:32:08", "end": "00:32:12", "text": "buying Salana, for example, and Salana"}, {"start": "00:32:10", "end": "00:32:15", "text": "is probably going to two to 3x"}, {"start": "00:32:12", "end": "00:32:17", "text": "outperform BTC because if BTC goes up,"}, {"start": "00:32:15", "end": "00:32:19", "text": "what's the average gain? Uh, we"}, {"start": "00:32:17", "end": "00:32:21", "text": "mentioned earlier 200%."}, {"start": "00:32:19", "end": "00:32:24", "text": "So, if it goes up 200%. Well, guess"}, {"start": "00:32:21", "end": "00:32:26", "text": "what? Salana is going up four, five,"}, {"start": "00:32:24", "end": "00:32:29", "text": "600%."}, {"start": "00:32:26", "end": "00:32:32", "text": "two to 3x outperformance"}, {"start": "00:32:29", "end": "00:32:33", "text": "for not taking very much more risk. So,"}, {"start": "00:32:32", "end": "00:32:35", "text": "Bitcoin, I like Bitcoin. I hold Bitcoin,"}, {"start": "00:32:33", "end": "00:32:37", "text": "but I've been holding Bitcoin since a"}, {"start": "00:32:35", "end": "00:32:38", "text": "very, very long time now. I've just got"}, {"start": "00:32:37", "end": "00:32:40", "text": "it sitting there as like a wealth"}, {"start": "00:32:38", "end": "00:32:41", "text": "storage vehicle. I don't need to do"}, {"start": "00:32:40", "end": "00:32:43", "text": "anything with it. I'm probably not going"}, {"start": "00:32:41", "end": "00:32:45", "text": "to buy much more Bitcoin uh moving"}, {"start": "00:32:43", "end": "00:32:47", "text": "forward until we're in the next, you"}, {"start": "00:32:45", "end": "00:32:48", "text": "know, the world is ending moment for for"}, {"start": "00:32:47", "end": "00:32:50", "text": "crypto and then I'll probably buy some"}, {"start": "00:32:48", "end": "00:32:52", "text": "more BTC."}, {"start": "00:32:50", "end": "00:32:54", "text": "But there are various altcoins which"}, {"start": "00:32:52", "end": "00:32:56", "text": "again you have to you have to ask"}, {"start": "00:32:54", "end": "00:32:58", "text": "yourself how much risk you're willing to"}, {"start": "00:32:56", "end": "00:33:00", "text": "take. Salana is probably a lower risk"}, {"start": "00:32:58", "end": "00:33:02", "text": "higher reward potential just personally"}, {"start": "00:33:00", "end": "00:33:04", "text": "compared to Bitcoin. Then you start"}, {"start": "00:33:02", "end": "00:33:05", "text": "going down to Salana DeFi. Okay you're"}, {"start": "00:33:04", "end": "00:33:08", "text": "taking higher risk for higher reward"}, {"start": "00:33:05", "end": "00:33:10", "text": "potential. You go down to meme coins and"}, {"start": "00:33:08", "end": "00:33:13", "text": "okay you're taking massive risk for"}, {"start": "00:33:10", "end": "00:33:15", "text": "massive reward potential."}, {"start": "00:33:13", "end": "00:33:18", "text": "But there are opportunities out there"}, {"start": "00:33:15", "end": "00:33:20", "text": "and the chance right now for some clean"}, {"start": "00:33:18", "end": "00:33:22", "text": "10, 20, 30, maybe even 50x's on some of"}, {"start": "00:33:20", "end": "00:33:24", "text": "these like DeFi protocols and stuff on"}, {"start": "00:33:22", "end": "00:33:26", "text": "like Salana and Robin Hood and what"}, {"start": "00:33:24", "end": "00:33:29", "text": "other places is very real and I don't"}, {"start": "00:33:26", "end": "00:33:31", "text": "think it should be faded at all. Anyway,"}, {"start": "00:33:29", "end": "00:33:33", "text": "that's rant over. Rant over. There you"}, {"start": "00:33:31", "end": "00:33:34", "text": "go. Let's um let's talk about Salana"}, {"start": "00:33:33", "end": "00:33:36", "text": "charts real quick. Actually, you know"}, {"start": "00:33:34", "end": "00:33:40", "text": "what we're gonna do? Let's let's hit a"}, {"start": "00:33:36", "end": "00:33:40", "text": "few of your questions real quick."}, {"start": "00:33:46", "end": "00:33:49", "text": "Uh, I completely disagree. Tintabel Kay"}, {"start": "00:33:48", "end": "00:33:51", "text": "Devnox do not work that way. Either"}, {"start": "00:33:49", "end": "00:33:52", "text": "you're born into the top or you weren't."}, {"start": "00:33:51", "end": "00:33:54", "text": "Crypto isn't going to help you escape"}, {"start": "00:33:52", "end": "00:33:56", "text": "the matrix, slot machine, casino. Most"}, {"start": "00:33:54", "end": "00:33:59", "text": "lose. Well, you know, most most people"}, {"start": "00:33:56", "end": "00:34:02", "text": "lose at trading, meme coins, anything"}, {"start": "00:33:59", "end": "00:34:05", "text": "because they come in and they they"}, {"start": "00:34:02", "end": "00:34:07", "text": "expect that they're special. They expect"}, {"start": "00:34:05", "end": "00:34:10", "text": "that they're going to be the exception,"}, {"start": "00:34:07", "end": "00:34:12", "text": "not the rule. Okay? If the rule is is"}, {"start": "00:34:10", "end": "00:34:13", "text": "that if you do no research, if you don't"}, {"start": "00:34:12", "end": "00:34:14", "text": "educate yourself on how to read charts,"}, {"start": "00:34:13", "end": "00:34:16", "text": "if you don't educate yourself on how the"}, {"start": "00:34:14", "end": "00:34:17", "text": "memecoin trenches work, all that kind of"}, {"start": "00:34:16", "end": "00:34:19", "text": "stuff, you are going to be cannon"}, {"start": "00:34:17", "end": "00:34:21", "text": "fodder, you will be exit liquidity for"}, {"start": "00:34:19", "end": "00:34:22", "text": "everybody else who's smarter than you."}, {"start": "00:34:21", "end": "00:34:24", "text": "But if you take the time to learn the"}, {"start": "00:34:22", "end": "00:34:26", "text": "charts, to learn sport resistances and"}, {"start": "00:34:24", "end": "00:34:27", "text": "breakouts, and he's take the time to"}, {"start": "00:34:26", "end": "00:34:29", "text": "learn about the memecoin trenches and"}, {"start": "00:34:27", "end": "00:34:30", "text": "okay, what's going to have value, what's"}, {"start": "00:34:29", "end": "00:34:32", "text": "going to not have value, how to spot"}, {"start": "00:34:30", "end": "00:34:35", "text": "things that could run, how to properly"}, {"start": "00:34:32", "end": "00:34:37", "text": "size positions, etc., etc., etc. there"}, {"start": "00:34:35", "end": "00:34:38", "text": "is real potential to make a [�__�] ton of"}, {"start": "00:34:37", "end": "00:34:41", "text": "money"}, {"start": "00:34:38", "end": "00:34:43", "text": "for regular people. So, no, I I don't I"}, {"start": "00:34:41", "end": "00:34:46", "text": "don't buy this at all. And I've seen"}, {"start": "00:34:43", "end": "00:34:48", "text": "because I've seen it firsthand from my"}, {"start": "00:34:46", "end": "00:34:51", "text": "almost 10 years in crypto. People who"}, {"start": "00:34:48", "end": "00:34:52", "text": "put in the [�__�] work make money."}, {"start": "00:34:51", "end": "00:34:54", "text": "Not always. This is always the the"}, {"start": "00:34:52", "end": "00:34:56", "text": "random [�__�] dude who bought, you"}, {"start": "00:34:54", "end": "00:34:57", "text": "know, 20 bucks worth of Sheba Enu have a"}, {"start": "00:34:56", "end": "00:34:59", "text": "$5,000 market cap and turned into $100"}, {"start": "00:34:57", "end": "00:35:01", "text": "million. That's an exceptional"}, {"start": "00:34:59", "end": "00:35:03", "text": "situation."}, {"start": "00:35:01", "end": "00:35:04", "text": "But if you want to be the rule, not the"}, {"start": "00:35:03", "end": "00:35:05", "text": "exception. And actually being the rule,"}, {"start": "00:35:04", "end": "00:35:08", "text": "if you can put yourself in the right"}, {"start": "00:35:05", "end": "00:35:10", "text": "position to be part of the rule is good"}, {"start": "00:35:08", "end": "00:35:12", "text": "because if you learn how to read charts,"}, {"start": "00:35:10", "end": "00:35:14", "text": "if you learn how to understand things,"}, {"start": "00:35:12", "end": "00:35:18", "text": "then there's a great potential to make"}, {"start": "00:35:14", "end": "00:35:18", "text": "money here. So I I disagree with that."}, {"start": "00:35:20", "end": "00:35:24", "text": "Fartcoin will turn me into the man I"}, {"start": "00:35:22", "end": "00:35:28", "text": "always knew I could be."}, {"start": "00:35:24", "end": "00:35:32", "text": "Bobby, what kind of a statement is that?"}, {"start": "00:35:28", "end": "00:35:32", "text": "Oh boy."}, {"start": "00:35:34", "end": "00:35:39", "text": "Electronium."}, {"start": "00:35:36", "end": "00:35:43", "text": "Holy [�__�] Steve. You are taking me"}, {"start": "00:35:39", "end": "00:35:47", "text": "back. Those were Electrronium."}, {"start": "00:35:43", "end": "00:35:50", "text": "What? What?"}, {"start": "00:35:47", "end": "00:35:52", "text": "Look, I I have jokes aside, I I"}, {"start": "00:35:50", "end": "00:35:54", "text": "literally have not heard anybody mention"}, {"start": "00:35:52", "end": "00:35:57", "text": "this coin in like an extremely long"}, {"start": "00:35:54", "end": "00:35:57", "text": "time."}, {"start": "00:36:00", "end": "00:36:06", "text": "Uh, I imagine your bag's like 99%"}, {"start": "00:36:02", "end": "00:36:09", "text": "underwater or something like that. So,"}, {"start": "00:36:06", "end": "00:36:10", "text": "and it may never come back. I have no"}, {"start": "00:36:09", "end": "00:36:12", "text": "idea what's going on with this thing"}, {"start": "00:36:10", "end": "00:36:14", "text": "right now chartwise, liquidity wise,"}, {"start": "00:36:12", "end": "00:36:16", "text": "listings wise, all that kind of stuff."}, {"start": "00:36:14", "end": "00:36:19", "text": "Here's one thing, though, and look, this"}, {"start": "00:36:16", "end": "00:36:21", "text": "is just this is this is Uncle Arc giving"}, {"start": "00:36:19", "end": "00:36:23", "text": "you some some thoughts on holding, you"}, {"start": "00:36:21", "end": "00:36:26", "text": "know, bags to zero. Been there, done"}, {"start": "00:36:23", "end": "00:36:30", "text": "that. At some point"}, {"start": "00:36:26", "end": "00:36:32", "text": "it's good just psychologically to free"}, {"start": "00:36:30", "end": "00:36:33", "text": "yourself cuz you've been sitting there"}, {"start": "00:36:32", "end": "00:36:34", "text": "looking at your Electroneum bag. I mean"}, {"start": "00:36:33", "end": "00:36:39", "text": "when was Electroneum popular? Five years"}, {"start": "00:36:34", "end": "00:36:43", "text": "ago. Like I just geez Louise man. So"}, {"start": "00:36:39", "end": "00:36:43", "text": "Electroneum you know"}, {"start": "00:36:43", "end": "00:36:47", "text": "you've been sitting there staring at"}, {"start": "00:36:45", "end": "00:36:50", "text": "basically"}, {"start": "00:36:47", "end": "00:36:52", "text": "losses for"}, {"start": "00:36:50", "end": "00:36:54", "text": "years upon years upon years. It's got"}, {"start": "00:36:52", "end": "00:36:57", "text": "330,000. Let's bring it up on chart here"}, {"start": "00:36:54", "end": "00:37:00", "text": "for you. It's got $330,000 trading"}, {"start": "00:36:57", "end": "00:37:03", "text": "volume."}, {"start": "00:37:00", "end": "00:37:05", "text": "Markets, Kcoin, MEXC. So, like half is"}, {"start": "00:37:03", "end": "00:37:06", "text": "probably fake volume anyway. I mean,"}, {"start": "00:37:05", "end": "00:37:08", "text": "this thing is dead. The fact it has a"}, {"start": "00:37:06", "end": "00:37:09", "text": "$25 million mark cap is a joke. Like,"}, {"start": "00:37:08", "end": "00:37:11", "text": "nobody's talking about this. Nobody"}, {"start": "00:37:09", "end": "00:37:14", "text": "gives a [�__�] about this. Like, you know,"}, {"start": "00:37:11", "end": "00:37:15", "text": "free yourself. Free yourself, man. You"}, {"start": "00:37:14", "end": "00:37:17", "text": "don't need to keep holding on to a dead"}, {"start": "00:37:15", "end": "00:37:19", "text": "bag just because, you know, well, I"}, {"start": "00:37:17", "end": "00:37:20", "text": "bought it this one time and, you know, I"}, {"start": "00:37:19", "end": "00:37:23", "text": "thought I was going to do something back"}, {"start": "00:37:20", "end": "00:37:25", "text": "then. Like, just move on. just move on."}, {"start": "00:37:23", "end": "00:37:26", "text": "It's never easy. Sometimes you got to"}, {"start": "00:37:25", "end": "00:37:28", "text": "break up with the coin and say, \"You"}, {"start": "00:37:26", "end": "00:37:30", "text": "know what? Thanks for all the good"}, {"start": "00:37:28", "end": "00:37:33", "text": "times.\" Or maybe you were you were I saw"}, {"start": "00:37:30", "end": "00:37:37", "text": "all the red flags and you know, you're a"}, {"start": "00:37:33", "end": "00:37:40", "text": "dancer and all your friends were men,"}, {"start": "00:37:37", "end": "00:37:42", "text": "but I still did it anyway and I knew the"}, {"start": "00:37:40", "end": "00:37:44", "text": "red flags were there and I've held on to"}, {"start": "00:37:42", "end": "00:37:46", "text": "this bag for way too long, but now it's"}, {"start": "00:37:44", "end": "00:37:48", "text": "time to get out and save myself. I mean,"}, {"start": "00:37:46", "end": "00:37:50", "text": "you know, or something like that before"}, {"start": "00:37:48", "end": "00:37:53", "text": "crypto coins. You know what I'm saying,"}, {"start": "00:37:50", "end": "00:37:56", "text": "right? Anyway, Continuing, guys."}, {"start": "00:37:53", "end": "00:37:56", "text": "Continuing."}, {"start": "00:37:58", "end": "00:38:03", "text": "Ah, Steve. Steve, you're trolling me."}, {"start": "00:38:01", "end": "00:38:06", "text": "You're trolling me. I love it, man. I"}, {"start": "00:38:03", "end": "00:38:06", "text": "love it."}, {"start": "00:38:07", "end": "00:38:11", "text": "That is hilarious. Anyway, logic applies"}, {"start": "00:38:10", "end": "00:38:13", "text": "to most your other under under uh"}, {"start": "00:38:11", "end": "00:38:17", "text": "underwater bags, too. Let's talk about"}, {"start": "00:38:13", "end": "00:38:19", "text": "Salana. Great great downtrend breakout"}, {"start": "00:38:17", "end": "00:38:21", "text": "here. MACD flipping bullish on the daily"}, {"start": "00:38:19", "end": "00:38:23", "text": "moving back towards RSI overbought. So"}, {"start": "00:38:21", "end": "00:38:27", "text": "very strong move here out of the gates"}, {"start": "00:38:23", "end": "00:38:29", "text": "for Solana. Still still 6% down from"}, {"start": "00:38:27", "end": "00:38:31", "text": "all-time highs. So look, I stacked I"}, {"start": "00:38:29", "end": "00:38:33", "text": "just want to I would just like to draw a"}, {"start": "00:38:31", "end": "00:38:34", "text": "quick line in the chart here because"}, {"start": "00:38:33", "end": "00:38:36", "text": "this is important to to understand. I"}, {"start": "00:38:34", "end": "00:38:39", "text": "want to tell you guys because I've told"}, {"start": "00:38:36", "end": "00:38:42", "text": "you guys I stacked a [�__�] ton of Salana"}, {"start": "00:38:39", "end": "00:38:45", "text": "down here. Man,"}, {"start": "00:38:42", "end": "00:38:48", "text": "come on. Let's make it happen. Salana to"}, {"start": "00:38:45", "end": "00:38:50", "text": "$1,000. Dad's got to buy a buy a boat"}, {"start": "00:38:48", "end": "00:38:52", "text": "this time."}, {"start": "00:38:50", "end": "00:38:54", "text": "Hey, people are talking about Avalanche"}, {"start": "00:38:52", "end": "00:38:55", "text": "again, which is interesting. Hib came"}, {"start": "00:38:54", "end": "00:38:57", "text": "on, of course, the channel a few months"}, {"start": "00:38:55", "end": "00:38:59", "text": "ago. Very interesting cat. He says, \"I"}, {"start": "00:38:57", "end": "00:39:01", "text": "too like Avalanche.\" A few other um"}, {"start": "00:38:59", "end": "00:39:03", "text": "names I've seen popping that up as well."}, {"start": "00:39:01", "end": "00:39:05", "text": "The Avalanche conference just happened."}, {"start": "00:39:03", "end": "00:39:07", "text": "Um some news came out something like a"}, {"start": "00:39:05", "end": "00:39:08", "text": "South Korean brokerage man $200 billion"}, {"start": "00:39:07", "end": "00:39:10", "text": "just built a tokenized securities"}, {"start": "00:39:08", "end": "00:39:11", "text": "platforms on Avac. The New York Stock"}, {"start": "00:39:10", "end": "00:39:12", "text": "Exchange separately developing its own"}, {"start": "00:39:11", "end": "00:39:13", "text": "blockchain trading platform. Avalanche"}, {"start": "00:39:12", "end": "00:39:16", "text": "is meeting the technical requirements"}, {"start": "00:39:13", "end": "00:39:17", "text": "and needs. Paxos plugged AVAC in too"}, {"start": "00:39:16", "end": "00:39:19", "text": "opening direct access more than 650"}, {"start": "00:39:17", "end": "00:39:20", "text": "financial institutions. None of this"}, {"start": "00:39:19", "end": "00:39:22", "text": "retails actual plumbing of finance"}, {"start": "00:39:20", "end": "00:39:26", "text": "quietly picking up on chain."}, {"start": "00:39:22", "end": "00:39:27", "text": "Interesting. You can see here as well as"}, {"start": "00:39:26", "end": "00:39:29", "text": "just a check DeFi Lama today."}, {"start": "00:39:27", "end": "00:39:33", "text": "Interesting man. Avalanche is all the"}, {"start": "00:39:29", "end": "00:39:33", "text": "way down number 12 and like look"}, {"start": "00:39:33", "end": "00:39:39", "text": "I"}, {"start": "00:39:36", "end": "00:39:41", "text": "I don't know if I would buy Avac again."}, {"start": "00:39:39", "end": "00:39:43", "text": "I really don't. Part of it's just like"}, {"start": "00:39:41", "end": "00:39:47", "text": "we're going to use the X's example. I I"}, {"start": "00:39:43", "end": "00:39:49", "text": "you know, we had good times. We did"}, {"start": "00:39:47", "end": "00:39:51", "text": "AVAC. Come on. We had good times, man."}, {"start": "00:39:49", "end": "00:39:54", "text": "We did some DeFi stuff. We had some"}, {"start": "00:39:51", "end": "00:39:55", "text": "NFTts. We did some Trader Joe stuff,"}, {"start": "00:39:54", "end": "00:39:57", "text": "man. We made some money. We lost some"}, {"start": "00:39:55", "end": "00:40:00", "text": "money. We had some silly meme coins. It"}, {"start": "00:39:57", "end": "00:40:02", "text": "was a good time, but I'd like to start"}, {"start": "00:40:00", "end": "00:40:03", "text": "seeing other people now. I don't think I"}, {"start": "00:40:02", "end": "00:40:05", "text": "need to go bow down there. Anybody's"}, {"start": "00:40:03", "end": "00:40:08", "text": "gonna go no contact with you. It's been"}, {"start": "00:40:05", "end": "00:40:10", "text": "enough. It's been enough. Best wishes"}, {"start": "00:40:08", "end": "00:40:12", "text": "moving forward. So, I don't think I'd"}, {"start": "00:40:10", "end": "00:40:16", "text": "buy AVAX again, uh, based on my current"}, {"start": "00:40:12", "end": "00:40:18", "text": "information, but overall,"}, {"start": "00:40:16", "end": "00:40:19", "text": "it's nice to see that some of these"}, {"start": "00:40:18", "end": "00:40:20", "text": "older coins are still getting some"}, {"start": "00:40:19", "end": "00:40:22", "text": "traction. Look, I'm surprised to see"}, {"start": "00:40:20", "end": "00:40:24", "text": "it's dropped all the way down to number"}, {"start": "00:40:22", "end": "00:40:28", "text": "12 on um, uh, DeFi Lama here, but I"}, {"start": "00:40:24", "end": "00:40:30", "text": "mean, hey, at least"}, {"start": "00:40:28", "end": "00:40:33", "text": "at least it ain't Cardano down at number"}, {"start": "00:40:30", "end": "00:40:36", "text": "35, man. 14,000 active addresses on the"}, {"start": "00:40:33", "end": "00:40:38", "text": "day. Geez Louise, come on, man. At least"}, {"start": "00:40:36", "end": "00:40:41", "text": "uh, Avalanche had 180,000 active"}, {"start": "00:40:38", "end": "00:40:43", "text": "addresses. You just see how far Maximus"}, {"start": "00:40:41", "end": "00:40:45", "text": "have base 240,000. Salana 2.6 million"}, {"start": "00:40:43", "end": "00:40:48", "text": "active addresses on the day. Ethereum"}, {"start": "00:40:45", "end": "00:40:49", "text": "half a million. I mean, Tron's got 3.6"}, {"start": "00:40:48", "end": "00:40:51", "text": "million, but that's, you know, it's"}, {"start": "00:40:49", "end": "00:40:53", "text": "Tron. BSC 2 million. Like, this is what"}, {"start": "00:40:51", "end": "00:40:54", "text": "success looks like. Robin Hood, we don't"}, {"start": "00:40:53", "end": "00:40:56", "text": "have the data for active addresses on"}, {"start": "00:40:54", "end": "00:40:59", "text": "the daily, but you know, you can see"}, {"start": "00:40:56", "end": "00:41:00", "text": "even Polygon, man. Polygon may be the"}, {"start": "00:40:59", "end": "00:41:02", "text": "outlier here because Polygon's price is"}, {"start": "00:41:00", "end": "00:41:04", "text": "much lower than Avalanche's price, but"}, {"start": "00:41:02", "end": "00:41:06", "text": "it's got a lot more daily active"}, {"start": "00:41:04", "end": "00:41:08", "text": "addresses and more DeFi TVL. So, if you"}, {"start": "00:41:06", "end": "00:41:11", "text": "really want to argue on just sort of"}, {"start": "00:41:08", "end": "00:41:12", "text": "onchain fundamentals, then guess what?"}, {"start": "00:41:11", "end": "00:41:13", "text": "Polygon should probably be priced higher"}, {"start": "00:41:12", "end": "00:41:15", "text": "than Avalanche. Currently, people"}, {"start": "00:41:13", "end": "00:41:16", "text": "continue to put this primo on Avalanche"}, {"start": "00:41:15", "end": "00:41:17", "text": "despite the fact that when they started"}, {"start": "00:41:16", "end": "00:41:20", "text": "the digital asset treasury companies,"}, {"start": "00:41:17", "end": "00:41:23", "text": "they couldn't even find uh buyers, you"}, {"start": "00:41:20", "end": "00:41:24", "text": "know, without having to basically"}, {"start": "00:41:23", "end": "00:41:26", "text": "so what happened was the the foundation"}, {"start": "00:41:24", "end": "00:41:28", "text": "basically OTC these digital asset"}, {"start": "00:41:26", "end": "00:41:30", "text": "treasury companies, AVAC, because they"}, {"start": "00:41:28", "end": "00:41:32", "text": "had no way to to offload all that AVAC"}, {"start": "00:41:30", "end": "00:41:33", "text": "they were holding. They had to do OTC"}, {"start": "00:41:32", "end": "00:41:36", "text": "deals because there was no demand for it"}, {"start": "00:41:33", "end": "00:41:37", "text": "in the market. Maybe that changes. Maybe"}, {"start": "00:41:36", "end": "00:41:40", "text": "that changes, but right now I feel like"}, {"start": "00:41:37", "end": "00:41:43", "text": "Avac for me is not a buy personally."}, {"start": "00:41:40", "end": "00:41:46", "text": "That being said, it is ripping. And you"}, {"start": "00:41:43", "end": "00:41:48", "text": "know what? Also something to keep in"}, {"start": "00:41:46", "end": "00:41:50", "text": "mind, you do not have to own every coin."}, {"start": "00:41:48", "end": "00:41:52", "text": "People are lark, but don't you see the"}, {"start": "00:41:50", "end": "00:41:55", "text": "AMX charts? How could you not own"}, {"start": "00:41:52", "end": "00:41:58", "text": "Avalanche? I understand. And you know"}, {"start": "00:41:55", "end": "00:41:59", "text": "what? No, Hayden. I like Avalanche. I"}, {"start": "00:41:58", "end": "00:42:01", "text": "do. I've used the chain many, many"}, {"start": "00:41:59", "end": "00:42:04", "text": "times. I've held the asset at various"}, {"start": "00:42:01", "end": "00:42:06", "text": "portions of time. I like Avalanche. It's"}, {"start": "00:42:04", "end": "00:42:08", "text": "a good chain, works, does what it needs"}, {"start": "00:42:06", "end": "00:42:10", "text": "to do."}, {"start": "00:42:08", "end": "00:42:11", "text": "But I look around and I say, you know"}, {"start": "00:42:10", "end": "00:42:13", "text": "what, where do I want to put my money"}, {"start": "00:42:11", "end": "00:42:14", "text": "for investments? I have to be extremely"}, {"start": "00:42:13", "end": "00:42:16", "text": "selective because I don't want to have"}, {"start": "00:42:14", "end": "00:42:18", "text": "30 coins. I don't have 50 coins. I'm"}, {"start": "00:42:16", "end": "00:42:19", "text": "just going to take 500 bucks with AVAC."}, {"start": "00:42:18", "end": "00:42:20", "text": "Oh, we should get some Cardano, too, to"}, {"start": "00:42:19", "end": "00:42:22", "text": "be cool with the Cardano guys. We got"}, {"start": "00:42:20", "end": "00:42:24", "text": "100 bucks with Cardano and like, no,"}, {"start": "00:42:22", "end": "00:42:27", "text": "[�__�] that, man. I I I want to double"}, {"start": "00:42:24", "end": "00:42:29", "text": "down on coins I think are going to be um"}, {"start": "00:42:27", "end": "00:42:30", "text": "outperformers. And look, maybe Avac got"}, {"start": "00:42:29", "end": "00:42:32", "text": "some [�__�] cooking here and it's going to"}, {"start": "00:42:30", "end": "00:42:34", "text": "be an outperform. If so, fantastic. I'm"}, {"start": "00:42:32", "end": "00:42:36", "text": "going to celebrate everybody winning on"}, {"start": "00:42:34", "end": "00:42:38", "text": "that, but I don't want it. I don't want"}, {"start": "00:42:36", "end": "00:42:40", "text": "it, man. Been down that road before and"}, {"start": "00:42:38", "end": "00:42:42", "text": "I don't need to go down it again. Quite"}, {"start": "00:42:40", "end": "00:42:43", "text": "simply,"}, {"start": "00:42:42", "end": "00:42:44", "text": "Moon Walker saying, \"The real wealth"}, {"start": "00:42:43", "end": "00:42:46", "text": "created by the main network tokens I"}, {"start": "00:42:44", "end": "00:42:48", "text": "gave extra sooie, but thanks to brutal"}, {"start": "00:42:46", "end": "00:42:49", "text": "bare market, we have core infrastructure"}, {"start": "00:42:48", "end": "00:42:51", "text": "projects under a million dollar market"}, {"start": "00:42:49", "end": "00:42:53", "text": "cap on both. We'll eventually see 100x"}, {"start": "00:42:51", "end": "00:42:54", "text": "gains or more.\" And that's true. I think"}, {"start": "00:42:53", "end": "00:42:56", "text": "you have some incredible opportunities"}, {"start": "00:42:54", "end": "00:42:57", "text": "right now, especially for some of these"}, {"start": "00:42:56", "end": "00:42:59", "text": "secondary chains. Even for Robin Hood"}, {"start": "00:42:57", "end": "00:43:00", "text": "chain, which is very new, or even even"}, {"start": "00:42:59", "end": "00:43:01", "text": "Salana right now. Some there's some"}, {"start": "00:43:00", "end": "00:43:04", "text": "stuff on Salana that's only worth, you"}, {"start": "00:43:01", "end": "00:43:05", "text": "know, maybe a couple hundred million"}, {"start": "00:43:04", "end": "00:43:06", "text": "dollars is going to be going to multiple"}, {"start": "00:43:05", "end": "00:43:08", "text": "billions. Okay, so there's huge"}, {"start": "00:43:06", "end": "00:43:10", "text": "opportunities right now if you do your"}, {"start": "00:43:08", "end": "00:43:13", "text": "damn homework. Okay, get in there, dig"}, {"start": "00:43:10", "end": "00:43:14", "text": "in, find some stuff. It's out there."}, {"start": "00:43:13", "end": "00:43:17", "text": "Coin trader Nick others year to date"}, {"start": "00:43:14", "end": "00:43:19", "text": "highest weekly close. Let's go. Others,"}, {"start": "00:43:17", "end": "00:43:21", "text": "of course, is all the coins outside the"}, {"start": "00:43:19", "end": "00:43:24", "text": "top 10. They are on the move. UniS swap"}, {"start": "00:43:21", "end": "00:43:28", "text": "bull flagging. UniS swap bull flagging"}, {"start": "00:43:24", "end": "00:43:30", "text": "here, of course, right back here."}, {"start": "00:43:28", "end": "00:43:31", "text": "Inner Circle members got the report on"}, {"start": "00:43:30", "end": "00:43:33", "text": "unis swap that things were changing."}, {"start": "00:43:31", "end": "00:43:35", "text": "It's time to pay attention to unis swap"}, {"start": "00:43:33", "end": "00:43:39", "text": "again. $2.90 is the price back then."}, {"start": "00:43:35", "end": "00:43:40", "text": "It's up $6 since that time. 7-day free"}, {"start": "00:43:39", "end": "00:43:42", "text": "trial. If you're not in the air circle"}, {"start": "00:43:40", "end": "00:43:43", "text": "yet, you get access to our lark agent."}, {"start": "00:43:42", "end": "00:43:45", "text": "You're going to get access to our daily"}, {"start": "00:43:43", "end": "00:43:47", "text": "news reports. You get access to our"}, {"start": "00:43:45", "end": "00:43:49", "text": "trades of the day, our trading"}, {"start": "00:43:47", "end": "00:43:50", "text": "community, and much much more. Link down"}, {"start": "00:43:49", "end": "00:43:54", "text": "below. Come try it out. See what you've"}, {"start": "00:43:50", "end": "00:43:56", "text": "been missing."}, {"start": "00:43:54", "end": "00:43:58", "text": "Pump. H."}, {"start": "00:43:56", "end": "00:44:01", "text": "I am super annoyed at my stop loss on"}, {"start": "00:43:58", "end": "00:44:07", "text": "this one because it was so close. It was"}, {"start": "00:44:01", "end": "00:44:07", "text": "so close, man. My stop loss is at 0.004."}, {"start": "00:44:07", "end": "00:44:13", "text": "It went to 0.003925."}, {"start": "00:44:10", "end": "00:44:15", "text": "Come on, man. Come on. Now I'm left a"}, {"start": "00:44:13", "end": "00:44:17", "text": "decision. Either just ride my giant spot"}, {"start": "00:44:15", "end": "00:44:19", "text": "bags and pumps the top five holding of"}, {"start": "00:44:17", "end": "00:44:22", "text": "mine. Either ride my giant spot bags,"}, {"start": "00:44:19", "end": "00:44:26", "text": "which Mac day bullcross coming. Okay,"}, {"start": "00:44:22", "end": "00:44:28", "text": "nice. It's here two days in. Not bad. or"}, {"start": "00:44:26", "end": "00:44:30", "text": "try to chase on a trade here. I'm"}, {"start": "00:44:28", "end": "00:44:33", "text": "conflicted. I might just let the the"}, {"start": "00:44:30", "end": "00:44:34", "text": "leverage uh the purpose swap trade go on"}, {"start": "00:44:33", "end": "00:44:36", "text": "this one. Just hold the spot back. So, I"}, {"start": "00:44:34", "end": "00:44:38", "text": "don't like to enter from a sub-optimal"}, {"start": "00:44:36", "end": "00:44:40", "text": "position. But, uh"}, {"start": "00:44:38", "end": "00:44:41", "text": "still though, I could see it absolutely"}, {"start": "00:44:40", "end": "00:44:44", "text": "moving because it's huge down"}, {"start": "00:44:41", "end": "00:44:48", "text": "downtrending channel. Nice uh price"}, {"start": "00:44:44", "end": "00:44:50", "text": "target here of around um 0.0055."}, {"start": "00:44:48", "end": "00:44:53", "text": "Still the valid target for this"}, {"start": "00:44:50", "end": "00:44:55", "text": "particular move."}, {"start": "00:44:53", "end": "00:44:58", "text": "Radium continues to basically look very"}, {"start": "00:44:55", "end": "00:45:00", "text": "nice. It's an uptrend, man. Higher high,"}, {"start": "00:44:58", "end": "00:45:02", "text": "higher low, higher high, higher low,"}, {"start": "00:45:00", "end": "00:45:03", "text": "higher high, higher low, higher high."}, {"start": "00:45:02", "end": "00:45:05", "text": "Higher low probably comes in around here"}, {"start": "00:45:03", "end": "00:45:06", "text": "if it's not already in from that very"}, {"start": "00:45:05", "end": "00:45:08", "text": "shallow move pushing up a bit higher."}, {"start": "00:45:06", "end": "00:45:10", "text": "So, that move will get a bit exhausted"}, {"start": "00:45:08", "end": "00:45:13", "text": "at some point, but it's still it's one"}, {"start": "00:45:10", "end": "00:45:15", "text": "of these coins that, so let's go back in"}, {"start": "00:45:13", "end": "00:45:18", "text": "history here. The all-time high for this"}, {"start": "00:45:15", "end": "00:45:21", "text": "was $17."}, {"start": "00:45:18", "end": "00:45:22", "text": "This is basically the unis swap of"}, {"start": "00:45:21", "end": "00:45:24", "text": "Salana. So, some of these things are"}, {"start": "00:45:22", "end": "00:45:25", "text": "going to have massive potential moving"}, {"start": "00:45:24", "end": "00:45:26", "text": "forward and are going to go to new"}, {"start": "00:45:25", "end": "00:45:29", "text": "all-time highs. Okay, there's no"}, {"start": "00:45:26", "end": "00:45:32", "text": "guarantees on anything. But if we get a"}, {"start": "00:45:29", "end": "00:45:34", "text": "21 or 2017 like repeat for the cycle,"}, {"start": "00:45:32", "end": "00:45:36", "text": "then and again, we're four weeks into"}, {"start": "00:45:34", "end": "00:45:40", "text": "the bull market when historically they"}, {"start": "00:45:36", "end": "00:45:41", "text": "last about 100 to 140 weeks. So, you"}, {"start": "00:45:40", "end": "00:45:44", "text": "know, up your targets a little bit here,"}, {"start": "00:45:41", "end": "00:45:44", "text": "guys."}, {"start": "00:45:45", "end": "00:45:48", "text": "Hey, subscribe to the channel. Not"}, {"start": "00:45:46", "end": "00:45:50", "text": "subscribed yet. You subscribe to the"}, {"start": "00:45:48", "end": "00:45:51", "text": "channel. No, it's free. It's actually"}, {"start": "00:45:50", "end": "00:45:52", "text": "free to subscribe. Did you know that?"}, {"start": "00:45:51", "end": "00:45:54", "text": "Did you know it's free to subscribe?"}, {"start": "00:45:52", "end": "00:45:57", "text": "It's actually true. It's free to"}, {"start": "00:45:54", "end": "00:46:00", "text": "subscribe. Wild stuff."}, {"start": "00:45:57", "end": "00:46:02", "text": "Okay,"}, {"start": "00:46:00", "end": "00:46:06", "text": "time to talk about hashtag winning,"}, {"start": "00:46:02", "end": "00:46:06", "text": "guys, because here's the dealio."}, {"start": "00:46:06", "end": "00:46:11", "text": "I feel like"}, {"start": "00:46:08", "end": "00:46:13", "text": "people want to people want to fit a lot"}, {"start": "00:46:11", "end": "00:46:15", "text": "of uh square pegs and round holes in"}, {"start": "00:46:13", "end": "00:46:17", "text": "crypto instead of just looking at well,"}, {"start": "00:46:15", "end": "00:46:19", "text": "what the obvious narratives are right"}, {"start": "00:46:17", "end": "00:46:20", "text": "now. And sometimes things are easier"}, {"start": "00:46:19", "end": "00:46:22", "text": "than make them. So you can forget the"}, {"start": "00:46:20", "end": "00:46:23", "text": "the hundred narratives that you saw in"}, {"start": "00:46:22", "end": "00:46:24", "text": "your timeline this week. A lot of it's"}, {"start": "00:46:23", "end": "00:46:28", "text": "[�__�] It's not going to make you any"}, {"start": "00:46:24", "end": "00:46:30", "text": "money. So there's probably really only"}, {"start": "00:46:28", "end": "00:46:31", "text": "one major place to be looking that"}, {"start": "00:46:30", "end": "00:46:33", "text": "actually matters this cycle and it's"}, {"start": "00:46:31", "end": "00:46:34", "text": "brutally simple. Does the project make"}, {"start": "00:46:33", "end": "00:46:36", "text": "money and does that money somehow reach"}, {"start": "00:46:34", "end": "00:46:38", "text": "the token? If the answer is no, you"}, {"start": "00:46:36", "end": "00:46:40", "text": "probably want to skip it unless it's an"}, {"start": "00:46:38", "end": "00:46:41", "text": "exceptional thing like Zcash. If the"}, {"start": "00:46:40", "end": "00:46:43", "text": "answer is yes, then it probably could"}, {"start": "00:46:41", "end": "00:46:45", "text": "still pump massively and your targets"}, {"start": "00:46:43", "end": "00:46:49", "text": "are probably too low and that's the hard"}, {"start": "00:46:45", "end": "00:46:51", "text": "trade. Okay. So if the answer is yes,"}, {"start": "00:46:49", "end": "00:46:52", "text": "you ra wrote on exactly four things."}, {"start": "00:46:51", "end": "00:46:54", "text": "What's the revenue scale and durability?"}, {"start": "00:46:52", "end": "00:46:56", "text": "What percentage of fees actually hit the"}, {"start": "00:46:54", "end": "00:46:57", "text": "token through buybacks or burns? What"}, {"start": "00:46:56", "end": "00:46:59", "text": "are the unlock and issuance pressure"}, {"start": "00:46:57", "end": "00:47:00", "text": "versus the burn rate and whether holders"}, {"start": "00:46:59", "end": "00:47:02", "text": "have any real power to keep that"}, {"start": "00:47:00", "end": "00:47:05", "text": "flywheel running? Everything else, the"}, {"start": "00:47:02", "end": "00:47:07", "text": "road map decks, the the ecosystem talks,"}, {"start": "00:47:05", "end": "00:47:09", "text": "the [�__�] partnerships, the mind"}, {"start": "00:47:07", "end": "00:47:11", "text": "share charts, it's all just theater,"}, {"start": "00:47:09", "end": "00:47:12", "text": "man."}, {"start": "00:47:11", "end": "00:47:14", "text": "So let's get into it. Before we get into"}, {"start": "00:47:12", "end": "00:47:15", "text": "the revenue meta, and I know I've talked"}, {"start": "00:47:14", "end": "00:47:16", "text": "about this a lot, but I think it's"}, {"start": "00:47:15", "end": "00:47:17", "text": "incredibly important to keep just"}, {"start": "00:47:16", "end": "00:47:19", "text": "beating the drum on this. Well, the"}, {"start": "00:47:17", "end": "00:47:21", "text": "revenue meta coins are still relatively"}, {"start": "00:47:19", "end": "00:47:23", "text": "cheap in my opinion."}, {"start": "00:47:21", "end": "00:47:25", "text": "But I want to talk about Zcash first"}, {"start": "00:47:23", "end": "00:47:26", "text": "because it's not a revenue meta coin."}, {"start": "00:47:25", "end": "00:47:29", "text": "And I want to mention this because there"}, {"start": "00:47:26", "end": "00:47:31", "text": "are exceptional circumstances where"}, {"start": "00:47:29", "end": "00:47:32", "text": "certain metas form, certain narratives"}, {"start": "00:47:31", "end": "00:47:37", "text": "form it and becomes a zeitgeist in of"}, {"start": "00:47:32", "end": "00:47:39", "text": "itself that makes money. Okay, so"}, {"start": "00:47:37", "end": "00:47:43", "text": "privacy stopped being a side bet and"}, {"start": "00:47:39", "end": "00:47:44", "text": "Zcash Fedcoin for some reason, look,"}, {"start": "00:47:43", "end": "00:47:46", "text": "it's not the old privacy coin that it"}, {"start": "00:47:44", "end": "00:47:49", "text": "used to be anymore. is becoming a"}, {"start": "00:47:46", "end": "00:47:51", "text": "privacy asset. Shielded supply jumped"}, {"start": "00:47:49", "end": "00:47:54", "text": "from 11% up to somewhere around 29 to"}, {"start": "00:47:51", "end": "00:47:56", "text": "30%. There's now a spot wrapper as well."}, {"start": "00:47:54", "end": "00:47:59", "text": "And um the next catalyst we have we have"}, {"start": "00:47:56", "end": "00:48:01", "text": "Tachion and NU7. So NU7 is Zcash"}, {"start": "00:47:59", "end": "00:48:02", "text": "November 5th upgrade that triples"}, {"start": "00:48:01", "end": "00:48:05", "text": "transaction speed by cutting block times"}, {"start": "00:48:02", "end": "00:48:08", "text": "from 75 to 25 seconds. Well, Tachon is a"}, {"start": "00:48:05", "end": "00:48:10", "text": "separate longerterm scaling um project"}, {"start": "00:48:08", "end": "00:48:11", "text": "for Zcash's private transactions to"}, {"start": "00:48:10", "end": "00:48:15", "text": "handle thousands of transactions per"}, {"start": "00:48:11", "end": "00:48:17", "text": "second. It's all already lined up. So"}, {"start": "00:48:15", "end": "00:48:20", "text": "the market isn't pricing in sort of like"}, {"start": "00:48:17", "end": "00:48:23", "text": "privacy meme sort of thing here. It's"}, {"start": "00:48:20", "end": "00:48:25", "text": "pricing in well narrative anyway is"}, {"start": "00:48:23", "end": "00:48:27", "text": "private Bitcoin."}, {"start": "00:48:25", "end": "00:48:29", "text": "Now maybe you faded Zack on the way up."}, {"start": "00:48:27", "end": "00:48:30", "text": "I did I saw about Robbie can't shelter"}, {"start": "00:48:29", "end": "00:48:32", "text": "50 bucks is like Zcash. He [�__�]"}, {"start": "00:48:30", "end": "00:48:34", "text": "kidding. Zcash of all the crap we could"}, {"start": "00:48:32", "end": "00:48:36", "text": "do in crypto. Well, you know what?"}, {"start": "00:48:34", "end": "00:48:37", "text": "Sometimes the narratives become"}, {"start": "00:48:36", "end": "00:48:39", "text": "self-fulfilling."}, {"start": "00:48:37", "end": "00:48:40", "text": "But don't fade the lesson here. If you"}, {"start": "00:48:39", "end": "00:48:42", "text": "fade a Zcash, it's fine. I fade Zcash,"}, {"start": "00:48:40", "end": "00:48:44", "text": "too. A lot of people do. But don't fade"}, {"start": "00:48:42", "end": "00:48:48", "text": "the actual lesson. When an old coin"}, {"start": "00:48:44", "end": "00:48:50", "text": "suddenly gets a new demand function,"}, {"start": "00:48:48", "end": "00:48:52", "text": "AI era surveillance fears, an"}, {"start": "00:48:50", "end": "00:48:54", "text": "institutional rapper, real usage of the"}, {"start": "00:48:52", "end": "00:48:56", "text": "privacy feature itself, new privacy"}, {"start": "00:48:54", "end": "00:48:58", "text": "upgrades are actually meaningful, and a"}, {"start": "00:48:56", "end": "00:49:01", "text": "compelling narrative that people are"}, {"start": "00:48:58", "end": "00:49:03", "text": "picking up and running with. Well, it's"}, {"start": "00:49:01", "end": "00:49:07", "text": "almost like it's a new coin at this"}, {"start": "00:49:03", "end": "00:49:10", "text": "point. It's got a second lease on life."}, {"start": "00:49:07", "end": "00:49:11", "text": "Every other privacy name right now kind"}, {"start": "00:49:10", "end": "00:49:13", "text": "of just ends up being beta that move. I"}, {"start": "00:49:11", "end": "00:49:15", "text": "mean, Monero is technically the better"}, {"start": "00:49:13", "end": "00:49:17", "text": "privacy coin in a lot of metrics."}, {"start": "00:49:15", "end": "00:49:18", "text": "Doesn't matter. Zcash is the one that's"}, {"start": "00:49:17", "end": "00:49:19", "text": "got the narrative. It's got the"}, {"start": "00:49:18", "end": "00:49:21", "text": "excitement. People are trading it"}, {"start": "00:49:19", "end": "00:49:23", "text": "massively."}, {"start": "00:49:21", "end": "00:49:24", "text": "I bring up Zcash again because I want to"}, {"start": "00:49:23", "end": "00:49:26", "text": "underline that revenue coins are the"}, {"start": "00:49:24", "end": "00:49:27", "text": "hottest matter right now that well"}, {"start": "00:49:26", "end": "00:49:29", "text": "things like Zcash can still go"}, {"start": "00:49:27", "end": "00:49:31", "text": "absolutely crazy and we're going to see"}, {"start": "00:49:29", "end": "00:49:34", "text": "other situations like that. like, you"}, {"start": "00:49:31", "end": "00:49:37", "text": "know, as much as I hate to say it, uh,"}, {"start": "00:49:34", "end": "00:49:39", "text": "something like Litecoin could get"}, {"start": "00:49:37", "end": "00:49:41", "text": "something happen to it at some point"}, {"start": "00:49:39", "end": "00:49:43", "text": "that makes it go crazy, and I'm not"}, {"start": "00:49:41", "end": "00:49:46", "text": "going to buy Litecoin either. I'll also"}, {"start": "00:49:43", "end": "00:49:47", "text": "fade that move probably because Litecoin"}, {"start": "00:49:46", "end": "00:49:49", "text": "G. Look, there's a lot of other"}, {"start": "00:49:47", "end": "00:49:52", "text": "Dinocoins out there that probably fit"}, {"start": "00:49:49", "end": "00:49:54", "text": "that sort of general feeling. You know,"}, {"start": "00:49:52", "end": "00:49:56", "text": "maybe Avac has some insane news,"}, {"start": "00:49:54", "end": "00:49:59", "text": "Litecoin has some insane news, Dogecoin,"}, {"start": "00:49:56", "end": "00:50:00", "text": "whatever. So, some of these things will"}, {"start": "00:49:59", "end": "00:50:02", "text": "find narrative, but you have to"}, {"start": "00:50:00", "end": "00:50:04", "text": "understand, you can't just blindly bid"}, {"start": "00:50:02", "end": "00:50:05", "text": "these dino coins because most of them"}, {"start": "00:50:04", "end": "00:50:06", "text": "are going to continue to underperform"}, {"start": "00:50:05", "end": "00:50:08", "text": "the hot new things with better"}, {"start": "00:50:06", "end": "00:50:11", "text": "tokconomics. They just have better"}, {"start": "00:50:08", "end": "00:50:13", "text": "tokconomics, better use cases, right?"}, {"start": "00:50:11", "end": "00:50:15", "text": "Litecoin basically is a memecoin at this"}, {"start": "00:50:13", "end": "00:50:17", "text": "point."}, {"start": "00:50:15", "end": "00:50:18", "text": "Dogecoin is literally memecoin. Picture"}, {"start": "00:50:17", "end": "00:50:19", "text": "of a dog worth tens of billions of"}, {"start": "00:50:18", "end": "00:50:20", "text": "dollars. So, people are going to look at"}, {"start": "00:50:19", "end": "00:50:24", "text": "that picture of a dog and go, \"Well, it"}, {"start": "00:50:20", "end": "00:50:26", "text": "ain't Bitcoin.\" So, there's that. But"}, {"start": "00:50:24", "end": "00:50:27", "text": "also, I want to get rich on memecoins. I"}, {"start": "00:50:26", "end": "00:50:30", "text": "want to be the guy who bought Dogecoin"}, {"start": "00:50:27", "end": "00:50:33", "text": "at $10 million market cap, not at a $20"}, {"start": "00:50:30", "end": "00:50:34", "text": "billion market cap. There'll be trades"}, {"start": "00:50:33", "end": "00:50:36", "text": "to make on Dogecoin. I don't I don't"}, {"start": "00:50:34", "end": "00:50:38", "text": "dislike Dogecoin, don't get me wrong,"}, {"start": "00:50:36", "end": "00:50:40", "text": "but the new metas are popping up and"}, {"start": "00:50:38", "end": "00:50:42", "text": "betting on the old metas"}, {"start": "00:50:40", "end": "00:50:43", "text": "is going to be a hard thing because they"}, {"start": "00:50:42", "end": "00:50:46", "text": "need to reinvent themselves like Zcash"}, {"start": "00:50:43", "end": "00:50:48", "text": "did. So Zcash was an exception, not the"}, {"start": "00:50:46", "end": "00:50:49", "text": "rule. The rule is far more brutal for"}, {"start": "00:50:48", "end": "00:50:51", "text": "most of these older coins. The"}, {"start": "00:50:49", "end": "00:50:52", "text": "exception, if you can find it like Zcash"}, {"start": "00:50:51", "end": "00:50:54", "text": "and get in early enough, you're going to"}, {"start": "00:50:52", "end": "00:50:56", "text": "make [�__�] tons of money. Fair play. Fair"}, {"start": "00:50:54", "end": "00:50:59", "text": "play to the Zcash bros. Okay,"}, {"start": "00:50:56", "end": "00:51:00", "text": "now the second narrative. That's the big"}, {"start": "00:50:59", "end": "00:51:02", "text": "one. I've been beating this drum here"}, {"start": "00:51:00", "end": "00:51:04", "text": "for a while now, but I'm going to keep"}, {"start": "00:51:02", "end": "00:51:07", "text": "beating it because I think it's still"}, {"start": "00:51:04", "end": "00:51:12", "text": "has a lot of juice left in the trade."}, {"start": "00:51:07", "end": "00:51:12", "text": "Revenue tokens. Yes."}, {"start": "00:51:12", "end": "00:51:17", "text": "Cheers to that. Look, layer ones were"}, {"start": "00:51:15", "end": "00:51:18", "text": "the hot trade for a while. Governance"}, {"start": "00:51:17", "end": "00:51:21", "text": "trades coins were never really that hot,"}, {"start": "00:51:18", "end": "00:51:22", "text": "but people traded them for a while. But"}, {"start": "00:51:21", "end": "00:51:24", "text": "this is the thing people are actually"}, {"start": "00:51:22", "end": "00:51:26", "text": "starting to care about. The old venture"}, {"start": "00:51:24", "end": "00:51:29", "text": "capital line was don't burn tokens,"}, {"start": "00:51:26", "end": "00:51:30", "text": "reinvest fees into growth. Give us all"}, {"start": "00:51:29", "end": "00:51:32", "text": "the supplies so we can dump on retail"}, {"start": "00:51:30", "end": "00:51:33", "text": "forever without arguments losing. The"}, {"start": "00:51:32", "end": "00:51:35", "text": "apps winning right now treat token"}, {"start": "00:51:33", "end": "00:51:37", "text": "holders as the growth engine. Make your"}, {"start": "00:51:35", "end": "00:51:39", "text": "holders rich. They become your"}, {"start": "00:51:37", "end": "00:51:41", "text": "distribution channel for free. Look at"}, {"start": "00:51:39", "end": "00:51:43", "text": "the year-to- date scoreboard through"}, {"start": "00:51:41", "end": "00:51:46", "text": "midepptember."}, {"start": "00:51:43", "end": "00:51:48", "text": "Hyperlid the stripped to stable coins by"}, {"start": "00:51:46", "end": "00:51:53", "text": "Hyperliquid $429 million pumpf fun 322"}, {"start": "00:51:48", "end": "00:51:56", "text": "Axiom 132 Sky at130 uh GMGN126 like"}, {"start": "00:51:53", "end": "00:51:58", "text": "these are huge numbers okay Hyperliquid"}, {"start": "00:51:56", "end": "00:52:00", "text": "and Pump alone are about 22% of the"}, {"start": "00:51:58", "end": "00:52:02", "text": "entire $3.4 4 billion dollar revenue"}, {"start": "00:52:00", "end": "00:52:03", "text": "pool in the space when these revenues"}, {"start": "00:52:02", "end": "00:52:04", "text": "are absolutely insane. You hear the"}, {"start": "00:52:03", "end": "00:52:06", "text": "hundreds of millions dollars of revenue"}, {"start": "00:52:04", "end": "00:52:09", "text": "I just mentioned, man. It's nuts. It's"}, {"start": "00:52:06", "end": "00:52:11", "text": "nuts. And that's not a DeFi. So back,"}, {"start": "00:52:09", "end": "00:52:13", "text": "baby. That's a small handful of cash"}, {"start": "00:52:11", "end": "00:52:14", "text": "machines that are eating the whole"}, {"start": "00:52:13", "end": "00:52:16", "text": "industry right now. And you're not going"}, {"start": "00:52:14", "end": "00:52:19", "text": "to bid on any of these winners or at"}, {"start": "00:52:16", "end": "00:52:21", "text": "least the newcomers in that space. Ah,"}, {"start": "00:52:19", "end": "00:52:22", "text": "what are you doing?"}, {"start": "00:52:21", "end": "00:52:24", "text": "But I want to be right. I want Cardano"}, {"start": "00:52:22", "end": "00:52:26", "text": "to be the blockchain that takes over the"}, {"start": "00:52:24", "end": "00:52:27", "text": "world in 20 years. Lark, shut up. Go bid"}, {"start": "00:52:26", "end": "00:52:28", "text": "on things that are actually making money"}, {"start": "00:52:27", "end": "00:52:30", "text": "for people."}, {"start": "00:52:28", "end": "00:52:31", "text": "So, who's actually doing it right? Well,"}, {"start": "00:52:30", "end": "00:52:33", "text": "a few names, of course. Hype, it's the"}, {"start": "00:52:31", "end": "00:52:35", "text": "cleanest structure out there. Somewhere"}, {"start": "00:52:33", "end": "00:52:37", "text": "around 97% or whatever the per fees flow"}, {"start": "00:52:35", "end": "00:52:38", "text": "back into the assistance fund that buys"}, {"start": "00:52:37", "end": "00:52:42", "text": "and burns on the open market. It's"}, {"start": "00:52:38", "end": "00:52:44", "text": "roughly uh 48 million hype burn so far."}, {"start": "00:52:42", "end": "00:52:47", "text": "So, about 5% of the max supply. Pretty"}, {"start": "00:52:44", "end": "00:52:49", "text": "good. 3-day revenue near $64 million."}, {"start": "00:52:47", "end": "00:52:51", "text": "Weekly around 13.5 million annualizing"}, {"start": "00:52:49", "end": "00:52:55", "text": "north of $700 million. So, that's $1.5"}, {"start": "00:52:51", "end": "00:52:59", "text": "to $3 million a day going into burns"}, {"start": "00:52:55", "end": "00:53:02", "text": "potentially. So, it's an automatic"}, {"start": "00:52:59", "end": "00:53:04", "text": "onchain perpetual buyback machine. Then"}, {"start": "00:53:02", "end": "00:53:07", "text": "we have the Launchpad Wars. We have Pump"}, {"start": "00:53:04", "end": "00:53:08", "text": "Fund, which is the OG, which has a lot"}, {"start": "00:53:07", "end": "00:53:10", "text": "of people divided because it's such a"}, {"start": "00:53:08", "end": "00:53:11", "text": "scandalous marketplace in some ways. You"}, {"start": "00:53:10", "end": "00:53:13", "text": "have Pawns. You have Stonk. They're both"}, {"start": "00:53:11", "end": "00:53:15", "text": "new. They're both very cheap by"}, {"start": "00:53:13", "end": "00:53:17", "text": "comparison to Pump Fund. And this is the"}, {"start": "00:53:15", "end": "00:53:19", "text": "new memecoin meta as well with corporate"}, {"start": "00:53:17", "end": "00:53:20", "text": "finance skin on top of it. Ponds runs"}, {"start": "00:53:19", "end": "00:53:22", "text": "high fee capture on the Robin Hood chain"}, {"start": "00:53:20", "end": "00:53:25", "text": "with around 80% of protocol share going"}, {"start": "00:53:22", "end": "00:53:27", "text": "into a uh time weighted average purchase"}, {"start": "00:53:25", "end": "00:53:31", "text": "buy and burn over 29% of supply already"}, {"start": "00:53:27", "end": "00:53:33", "text": "gone. Ston funds started later moving"}, {"start": "00:53:31", "end": "00:53:36", "text": "faster on daily revenue burned over 14%"}, {"start": "00:53:33", "end": "00:53:38", "text": "of supply. It's crazy. Same game either"}, {"start": "00:53:36", "end": "00:53:39", "text": "way. Fees go in, tokens go out"}, {"start": "00:53:38", "end": "00:53:41", "text": "permanently."}, {"start": "00:53:39", "end": "00:53:42", "text": "Then you have others like Athena. They"}, {"start": "00:53:41", "end": "00:53:44", "text": "turned on their fee switch recently."}, {"start": "00:53:42", "end": "00:53:46", "text": "It's a different animal, still a cash"}, {"start": "00:53:44", "end": "00:53:48", "text": "flow name, but the revenue is the yield"}, {"start": "00:53:46", "end": "00:53:49", "text": "spread. So it's not necessarily you're"}, {"start": "00:53:48", "end": "00:53:51", "text": "looking at the lottery ticket from a"}, {"start": "00:53:49", "end": "00:53:53", "text": "launchpad. Maybe it's a more sustainable"}, {"start": "00:53:51", "end": "00:53:54", "text": "business model than launchpads, right?"}, {"start": "00:53:53", "end": "00:53:57", "text": "Different duration of cash flow"}, {"start": "00:53:54", "end": "00:53:59", "text": "entirely. So don't lump it in with ponds"}, {"start": "00:53:57", "end": "00:54:01", "text": "or stunk, but it's another great revenue"}, {"start": "00:53:59", "end": "00:54:03", "text": "play to watch. A few more worth watching"}, {"start": "00:54:01", "end": "00:54:04", "text": "in this same uh sort of niche. You have"}, {"start": "00:54:03", "end": "00:54:07", "text": "unis swap where the fee switch was"}, {"start": "00:54:04", "end": "00:54:08", "text": "finally real and turned on and the burns"}, {"start": "00:54:07", "end": "00:54:11", "text": "are now running. Again, we covered that"}, {"start": "00:54:08", "end": "00:54:13", "text": "for you guys. Inner circle members got"}, {"start": "00:54:11", "end": "00:54:16", "text": "that report at $2.90. We're up at nine"}, {"start": "00:54:13", "end": "00:54:19", "text": "bucks now. Anyway, you have Jupiter,"}, {"start": "00:54:16", "end": "00:54:23", "text": "real salana flows and buybacks."}, {"start": "00:54:19", "end": "00:54:25", "text": "Okay, so they also have uh need to up"}, {"start": "00:54:23", "end": "00:54:28", "text": "their revenues a bit too, but you know,"}, {"start": "00:54:25", "end": "00:54:29", "text": "maybe it's a dark horse play. Aerodyome"}, {"start": "00:54:28", "end": "00:54:31", "text": "over on base. If you think that bass"}, {"start": "00:54:29", "end": "00:54:33", "text": "makes a comeback, well, Aerodyome is the"}, {"start": "00:54:31", "end": "00:54:35", "text": "obvious pick in that situation because"}, {"start": "00:54:33", "end": "00:54:38", "text": "they have huge amounts of um uh"}, {"start": "00:54:35", "end": "00:54:42", "text": "distribution back to their uh vote uh"}, {"start": "00:54:38", "end": "00:54:44", "text": "escrow stakers. So, very interesting."}, {"start": "00:54:42", "end": "00:54:45", "text": "pump of course it's the one of the big"}, {"start": "00:54:44", "end": "00:54:47", "text": "leaders in the category right along with"}, {"start": "00:54:45", "end": "00:54:49", "text": "hype revenue is real the real buybacks"}, {"start": "00:54:47", "end": "00:54:51", "text": "are happening still carries a lot of"}, {"start": "00:54:49", "end": "00:54:54", "text": "unlock pressure so you know price is"}, {"start": "00:54:51", "end": "00:54:57", "text": "kind of putting that risk in there the"}, {"start": "00:54:54", "end": "00:54:58", "text": "third narrative meme coins look you can"}, {"start": "00:54:57", "end": "00:55:00", "text": "hate meme coins and I don't say you have"}, {"start": "00:54:58", "end": "00:55:04", "text": "to play the memecoin game by any means"}, {"start": "00:55:00", "end": "00:55:07", "text": "meme coins are nuts okay"}, {"start": "00:55:04", "end": "00:55:08", "text": "but the revenue is real pawns stonk pump"}, {"start": "00:55:07", "end": "00:55:09", "text": "fun they're making [�__�] tons of money"}, {"start": "00:55:08", "end": "00:55:11", "text": "you just don't own the casinos like"}, {"start": "00:55:09", "end": "00:55:13", "text": "going to the casinos versus trying to"}, {"start": "00:55:11", "end": "00:55:14", "text": "find the next big Dogcoin, right? I"}, {"start": "00:55:13", "end": "00:55:17", "text": "think the trade here is really who owns"}, {"start": "00:55:14", "end": "00:55:18", "text": "the casino, but Pawns and Stonk and Pump"}, {"start": "00:55:17", "end": "00:55:20", "text": "Fund, they're pumping out a lot of stuff"}, {"start": "00:55:18", "end": "00:55:23", "text": "and there's people making money on those"}, {"start": "00:55:20", "end": "00:55:26", "text": "early launches, too. Okay? So, you have"}, {"start": "00:55:23", "end": "00:55:28", "text": "to understand that."}, {"start": "00:55:26", "end": "00:55:30", "text": "So, you have these things that you have"}, {"start": "00:55:28", "end": "00:55:32", "text": "like the Stonk ones now, right? Where"}, {"start": "00:55:30", "end": "00:55:36", "text": "you have a picture of a cat paired up"}, {"start": "00:55:32", "end": "00:55:37", "text": "with a stock. You get stocks air dropped"}, {"start": "00:55:36", "end": "00:55:39", "text": "into your wallet every day. That's"}, {"start": "00:55:37", "end": "00:55:41", "text": "pretty cool. If you take the risk,"}, {"start": "00:55:39", "end": "00:55:44", "text": "you'll understand that the new meta is"}, {"start": "00:55:41", "end": "00:55:46", "text": "um meme coins that do something. Just a"}, {"start": "00:55:44", "end": "00:55:47", "text": "dog picture is not enough anymore. You"}, {"start": "00:55:46", "end": "00:55:48", "text": "need something else like these stock"}, {"start": "00:55:47", "end": "00:55:50", "text": "paired reflection tokens or now they're"}, {"start": "00:55:48", "end": "00:55:51", "text": "crypto paired reflection tokens like"}, {"start": "00:55:50", "end": "00:55:54", "text": "Zcat. You hold Zcat and every day you"}, {"start": "00:55:51", "end": "00:55:56", "text": "get Zcash tokens air dropped into your"}, {"start": "00:55:54", "end": "00:55:59", "text": "wallet. This is meme stonk finance and"}, {"start": "00:55:56", "end": "00:56:00", "text": "it's here. And here's the push back too"}, {"start": "00:55:59", "end": "00:56:02", "text": "from a lot of founders. We should"}, {"start": "00:56:00", "end": "00:56:03", "text": "reinvest all the fees into growth"}, {"start": "00:56:02", "end": "00:56:05", "text": "instead of buybacks. And here's the"}, {"start": "00:56:03", "end": "00:56:07", "text": "counter. The hardest the highest sort of"}, {"start": "00:56:05", "end": "00:56:10", "text": "um"}, {"start": "00:56:07", "end": "00:56:11", "text": "uh move on all this growth spend in the"}, {"start": "00:56:10", "end": "00:56:14", "text": "entire industry is making the holders"}, {"start": "00:56:11", "end": "00:56:16", "text": "who already evangelize your token rich."}, {"start": "00:56:14", "end": "00:56:18", "text": "Buybacks are marketing with a bid behind"}, {"start": "00:56:16", "end": "00:56:20", "text": "it. Burns are the only form of marketing"}, {"start": "00:56:18", "end": "00:56:22", "text": "that also tighten the float at the same"}, {"start": "00:56:20", "end": "00:56:23", "text": "time. So if your token isn't a claim on"}, {"start": "00:56:22", "end": "00:56:26", "text": "the actual business, which they're not,"}, {"start": "00:56:23", "end": "00:56:28", "text": "they're not."}, {"start": "00:56:26", "end": "00:56:29", "text": "Don't have users. You have mercenaries."}, {"start": "00:56:28", "end": "00:56:30", "text": "Why are people going to hold your"}, {"start": "00:56:29", "end": "00:56:32", "text": "[�__�] token? They have no claim in"}, {"start": "00:56:30", "end": "00:56:34", "text": "your actual business. Just a dog [�__�]"}, {"start": "00:56:32", "end": "00:56:36", "text": "token. But that's changing with revenue"}, {"start": "00:56:34", "end": "00:56:38", "text": "tokens. Okay. A few things the market is"}, {"start": "00:56:36", "end": "00:56:39", "text": "still sleeping on. Launchpads that"}, {"start": "00:56:38", "end": "00:56:42", "text": "should be priced like equities, not"}, {"start": "00:56:39", "end": "00:56:44", "text": "memecoin beta, pawn, ston, pump, all"}, {"start": "00:56:42", "end": "00:56:46", "text": "this kind of stuff. They're closer to,"}, {"start": "00:56:44", "end": "00:56:48", "text": "you know, what hype is doing than to a"}, {"start": "00:56:46", "end": "00:56:49", "text": "dog coin. You have prediction markets"}, {"start": "00:56:48", "end": "00:56:51", "text": "and terminals, which really don't have"}, {"start": "00:56:49", "end": "00:56:52", "text": "any tradable assets yet, but maybe they"}, {"start": "00:56:51", "end": "00:56:53", "text": "will. Maybe polyark was out the token"}, {"start": "00:56:52", "end": "00:56:54", "text": "and that has a burn model attached to"}, {"start": "00:56:53", "end": "00:56:56", "text": "it. We're going to have to find out when"}, {"start": "00:56:54", "end": "00:56:58", "text": "that happens. Okay."}, {"start": "00:56:56", "end": "00:57:01", "text": "That gap is where the next hype moment"}, {"start": "00:56:58", "end": "00:57:03", "text": "could hide."}, {"start": "00:57:01", "end": "00:57:05", "text": "Okay."}, {"start": "00:57:03", "end": "00:57:06", "text": "So, don't fade the revenue meta. It's"}, {"start": "00:57:05", "end": "00:57:08", "text": "real. And yeah, there will be other"}, {"start": "00:57:06", "end": "00:57:09", "text": "things like Zcash pop up again. And"}, {"start": "00:57:08", "end": "00:57:10", "text": "maybe Zcash is the only one that does"}, {"start": "00:57:09", "end": "00:57:11", "text": "it. But I'm sure there'll be a few"}, {"start": "00:57:10", "end": "00:57:14", "text": "others like Zcash that come out of"}, {"start": "00:57:11", "end": "00:57:17", "text": "nowhere from the graveyard of crypto and"}, {"start": "00:57:14", "end": "00:57:19", "text": "magically go back on some crazy run. But"}, {"start": "00:57:17", "end": "00:57:21", "text": "chains with no cash flow,"}, {"start": "00:57:19", "end": "00:57:23", "text": "I don't think are biddable anymore. A"}, {"start": "00:57:21", "end": "00:57:24", "text": "lot of these old coins that have no"}, {"start": "00:57:23", "end": "00:57:26", "text": "revenue models, no users, they're not"}, {"start": "00:57:24", "end": "00:57:27", "text": "biddable anymore. Promises are not real"}, {"start": "00:57:26", "end": "00:57:31", "text": "anymore. You have to find coins that are"}, {"start": "00:57:27", "end": "00:57:33", "text": "actually making money and bringing it"}, {"start": "00:57:31", "end": "00:57:35", "text": "back to users. Here's a quick checklist"}, {"start": "00:57:33", "end": "00:57:37", "text": "for you. What's the last 30-day revenue?"}, {"start": "00:57:35", "end": "00:57:39", "text": "What's the last 30-day dollars sent to"}, {"start": "00:57:37", "end": "00:57:41", "text": "holders in one form or another? What's"}, {"start": "00:57:39", "end": "00:57:42", "text": "the annualized burn as a percent of"}, {"start": "00:57:41", "end": "00:57:44", "text": "float? What are the unlocks coming in"}, {"start": "00:57:42", "end": "00:57:48", "text": "the next 90 days? And whether the fee"}, {"start": "00:57:44", "end": "00:57:51", "text": "switch can be reversed at any point."}, {"start": "00:57:48", "end": "00:57:51", "text": "Okay."}, {"start": "00:57:52", "end": "00:57:56", "text": "So if the pitch of an asset needs a"}, {"start": "00:57:55", "end": "00:57:59", "text": "story about ecosystem or mind share or"}, {"start": "00:57:56", "end": "00:58:02", "text": "blah blah blah blah blah."}, {"start": "00:57:59", "end": "00:58:04", "text": "Yeah, it's a hard pill."}, {"start": "00:58:02", "end": "00:58:07", "text": "This cycle isn't going to be everything"}, {"start": "00:58:04", "end": "00:58:08", "text": "goes. It's cash flow tokens. Maybe"}, {"start": "00:58:07", "end": "00:58:10", "text": "you're going to see some, you know,"}, {"start": "00:58:08", "end": "00:58:12", "text": "other things like a Zcash narrative pop"}, {"start": "00:58:10", "end": "00:58:14", "text": "up. It's memes. You don't have to like"}, {"start": "00:58:12", "end": "00:58:16", "text": "memes, but memes are real. You own the"}, {"start": "00:58:14", "end": "00:58:18", "text": "casinos. Don't said blackjack table"}, {"start": "00:58:16", "end": "00:58:19", "text": "every night. Own the casino, man. And"}, {"start": "00:58:18", "end": "00:58:22", "text": "there other things, too. I think we'll"}, {"start": "00:58:19", "end": "00:58:24", "text": "see AI coins make a bit of a comeback in"}, {"start": "00:58:22", "end": "00:58:26", "text": "some fashion or another. You'll see some"}, {"start": "00:58:24", "end": "00:58:27", "text": "other things pop up. NFTs will make"}, {"start": "00:58:26", "end": "00:58:31", "text": "their own sort of comeback in their own"}, {"start": "00:58:27", "end": "00:58:32", "text": "sort of way. But revenue coins, man,"}, {"start": "00:58:31", "end": "00:58:34", "text": "they're the clear and obvious winners"}, {"start": "00:58:32", "end": "00:58:36", "text": "right now. And you have multiple sectors"}, {"start": "00:58:34", "end": "00:58:39", "text": "that you can buy in. You can buy"}, {"start": "00:58:36", "end": "00:58:41", "text": "options, you can buy pers, you can buy"}, {"start": "00:58:39", "end": "00:58:44", "text": "launchpads, you can buy super apps like"}, {"start": "00:58:41", "end": "00:58:46", "text": "Jupiter and many others."}, {"start": "00:58:44", "end": "00:58:48", "text": "You can buy dexes like unis swap or"}, {"start": "00:58:46", "end": "00:58:49", "text": "radium. But you have to buy something or"}, {"start": "00:58:48", "end": "00:58:51", "text": "you don't make any money on it. Okay,"}, {"start": "00:58:49", "end": "00:58:53", "text": "there you go."}, {"start": "00:58:51", "end": "00:58:55", "text": "We got a few more charts to finish up"}, {"start": "00:58:53", "end": "00:58:56", "text": "with here today, guys, before we call it"}, {"start": "00:58:55", "end": "00:58:57", "text": "quits. We'll answer a few of your"}, {"start": "00:58:56", "end": "00:59:00", "text": "questions. Let's see what you guys talk"}, {"start": "00:58:57", "end": "00:59:02", "text": "about real quick in the chat. Get get on"}, {"start": "00:59:00", "end": "00:59:07", "text": "rambling about stuff here. I can quit"}, {"start": "00:59:02", "end": "00:59:07", "text": "McDonald's now. Congratulations."}, {"start": "00:59:11", "end": "00:59:14", "text": "I was born in the bottom 10% and no"}, {"start": "00:59:12", "end": "00:59:19", "text": "longer anywhere near that. Bob, good"}, {"start": "00:59:14", "end": "00:59:21", "text": "job. Good job, man. Yes. Yes. I I do not"}, {"start": "00:59:19", "end": "00:59:24", "text": "buy this sort of like, oh, you can only"}, {"start": "00:59:21", "end": "00:59:27", "text": "get rich if you're rich already."}, {"start": "00:59:24", "end": "00:59:30", "text": "No. 75% of the world's millionaires are"}, {"start": "00:59:27", "end": "00:59:32", "text": "self-made. That's a stat for you. Okay,"}, {"start": "00:59:30", "end": "00:59:35", "text": "that's important."}, {"start": "00:59:32", "end": "00:59:37", "text": "And personally, you know, look, I run a"}, {"start": "00:59:35", "end": "00:59:39", "text": "business in crypto, right? We got"}, {"start": "00:59:37", "end": "00:59:40", "text": "affiliate marketing, we have products,"}, {"start": "00:59:39", "end": "00:59:42", "text": "we sell all that kind of stuff. So, yes,"}, {"start": "00:59:40", "end": "00:59:44", "text": "I have a business in crypto, too, right?"}, {"start": "00:59:42", "end": "00:59:46", "text": "My biggest gains in crypto not come from"}, {"start": "00:59:44", "end": "00:59:47", "text": "the business. It's nice to have a"}, {"start": "00:59:46", "end": "00:59:49", "text": "business has reliable cash income,"}, {"start": "00:59:47", "end": "00:59:50", "text": "right? But the biggest gains in crypto"}, {"start": "00:59:49", "end": "00:59:52", "text": "have come from investing in"}, {"start": "00:59:50", "end": "00:59:55", "text": "cryptocurrency assets, right? I came"}, {"start": "00:59:52", "end": "00:59:56", "text": "from a house where we were below the"}, {"start": "00:59:55", "end": "00:59:59", "text": "national poverty line. growing up in"}, {"start": "00:59:56", "end": "01:00:01", "text": "sort of Appalachia, America, right?"}, {"start": "00:59:59", "end": "01:00:04", "text": "Growing up in Western Pennsylvania and,"}, {"start": "01:00:01", "end": "01:00:08", "text": "you know, grew up in a town below the"}, {"start": "01:00:04", "end": "01:00:11", "text": "national poverty line, dirt poor, you"}, {"start": "01:00:08", "end": "01:00:13", "text": "know, just very little,"}, {"start": "01:00:11", "end": "01:00:15", "text": "you know, flat tire was like a epic"}, {"start": "01:00:13", "end": "01:00:16", "text": "emergency for the family, right? That"}, {"start": "01:00:15", "end": "01:00:20", "text": "kind of stuff. Single mom household, all"}, {"start": "01:00:16", "end": "01:00:22", "text": "that, all that BS, right? Um,"}, {"start": "01:00:20", "end": "01:00:24", "text": "and then uh I don't know got some in a"}, {"start": "01:00:22", "end": "01:00:27", "text": "weird way, you know, one those sort of"}, {"start": "01:00:24", "end": "01:00:29", "text": "odd life sort of silver linings like you"}, {"start": "01:00:27", "end": "01:00:31", "text": "know uh uh things that happened. Mom got"}, {"start": "01:00:29", "end": "01:00:35", "text": "hit by a school bus when she was driving"}, {"start": "01:00:31", "end": "01:00:36", "text": "to work one day and um you know she got"}, {"start": "01:00:35", "end": "01:00:38", "text": "a bit injured from that. You know this"}, {"start": "01:00:36", "end": "01:00:41", "text": "is not great school bus and she ended up"}, {"start": "01:00:38", "end": "01:00:42", "text": "getting like a like a $60,000 settlement"}, {"start": "01:00:41", "end": "01:00:44", "text": "or something which is not a lot of"}, {"start": "01:00:42", "end": "01:00:46", "text": "money. Back in the 1990s, it definitely"}, {"start": "01:00:44", "end": "01:00:48", "text": "felt like a bit more money than 60 grand"}, {"start": "01:00:46", "end": "01:00:51", "text": "feels like nowadays, but okay."}, {"start": "01:00:48", "end": "01:00:52", "text": "And so she took that money and was like,"}, {"start": "01:00:51", "end": "01:00:54", "text": "\"You know what? We're moving to New"}, {"start": "01:00:52", "end": "01:00:55", "text": "Zealand. Great. Okay, fantastic. We're"}, {"start": "01:00:54", "end": "01:00:57", "text": "doing New Zealand.\" Moved to New"}, {"start": "01:00:55", "end": "01:00:58", "text": "Zealand, right? So, I mean, look, it was"}, {"start": "01:00:57", "end": "01:01:01", "text": "nice to get that little bit of a a bump,"}, {"start": "01:00:58", "end": "01:01:03", "text": "right? And that was sort of this,"}, {"start": "01:01:01", "end": "01:01:04", "text": "you know, magic windfall from the"}, {"start": "01:01:03", "end": "01:01:07", "text": "heavens to be able to do that, but it's"}, {"start": "01:01:04", "end": "01:01:08", "text": "not that much money, right? And after"}, {"start": "01:01:07", "end": "01:01:09", "text": "everything was accounted for and stuff,"}, {"start": "01:01:08", "end": "01:01:10", "text": "we not we got to New Zealand, we're"}, {"start": "01:01:09", "end": "01:01:13", "text": "living the high life or something like"}, {"start": "01:01:10", "end": "01:01:13", "text": "that."}, {"start": "01:01:13", "end": "01:01:18", "text": "And then, you know, now I'm 18. I'm on"}, {"start": "01:01:15", "end": "01:01:19", "text": "my own. And, you know, that little bit"}, {"start": "01:01:18", "end": "01:01:22", "text": "of money that had existed was long gone."}, {"start": "01:01:19", "end": "01:01:24", "text": "And just working regular jobs and trying"}, {"start": "01:01:22", "end": "01:01:26", "text": "to put myself through university and"}, {"start": "01:01:24", "end": "01:01:27", "text": "travel around a bit and stuff and, you"}, {"start": "01:01:26", "end": "01:01:29", "text": "know, do some backpacking, blah blah"}, {"start": "01:01:27", "end": "01:01:31", "text": "blah blah. And so, by the time I"}, {"start": "01:01:29", "end": "01:01:32", "text": "actually got into crypto, I didn't have"}, {"start": "01:01:31", "end": "01:01:34", "text": "almost anything. In fact, I had a few"}, {"start": "01:01:32", "end": "01:01:37", "text": "credit cards. I had some debt. I had"}, {"start": "01:01:34", "end": "01:01:40", "text": "some student loan debt. I had some um uh"}, {"start": "01:01:37", "end": "01:01:43", "text": "debt on my credit cards and I maxed that"}, {"start": "01:01:40", "end": "01:01:46", "text": "all the [�__�] out to buy crypto."}, {"start": "01:01:43", "end": "01:01:48", "text": "Here we are. Is it eight eight years"}, {"start": "01:01:46", "end": "01:01:50", "text": "later?"}, {"start": "01:01:48", "end": "01:01:53", "text": "Nine years. Nine years. Gosh darn. I"}, {"start": "01:01:50", "end": "01:01:56", "text": "started in 2017, didn't I? First Bitcoin"}, {"start": "01:01:53", "end": "01:01:58", "text": "purchase around 2500 bucks. You just"}, {"start": "01:01:56", "end": "01:02:00", "text": "have to believe that you can do it."}, {"start": "01:01:58", "end": "01:02:02", "text": "Anybody can get rich. This is the thing."}, {"start": "01:02:00", "end": "01:02:04", "text": "Anybody can get rich, but you have to"}, {"start": "01:02:02", "end": "01:02:06", "text": "commit yourself to the process. Okay? I"}, {"start": "01:02:04", "end": "01:02:08", "text": "didn't get rich overnight in crypto. Had"}, {"start": "01:02:06", "end": "01:02:12", "text": "some nice wins in 2017, don't get me"}, {"start": "01:02:08", "end": "01:02:12", "text": "wrong, but I did not get rich overnight."}, {"start": "01:02:15", "end": "01:02:21", "text": "Uh, one of the hottest persper"}, {"start": "01:02:18", "end": "01:02:22", "text": "easy other stuff,"}, {"start": "01:02:21", "end": "01:02:23", "text": "everything else kind of plays a distant"}, {"start": "01:02:22", "end": "01:02:25", "text": "second. And maybe some of that stuff's"}, {"start": "01:02:23", "end": "01:02:28", "text": "going to catch up,"}, {"start": "01:02:25", "end": "01:02:30", "text": "but uh, right now"}, {"start": "01:02:28", "end": "01:02:32", "text": "hard hard sell I think for anything"}, {"start": "01:02:30", "end": "01:02:35", "text": "that's not hyperlquid or lighter right"}, {"start": "01:02:32", "end": "01:02:38", "text": "now. Maybe Aster. Maybe Aster. It's a"}, {"start": "01:02:35", "end": "01:02:39", "text": "Binance coin. I mean, you have to take"}, {"start": "01:02:38", "end": "01:02:41", "text": "all the positive and negatives of being"}, {"start": "01:02:39", "end": "01:02:43", "text": "a Binance coin, but maybe Aster is gonna"}, {"start": "01:02:41", "end": "01:02:47", "text": "have big big swing back as well. I could"}, {"start": "01:02:43", "end": "01:02:49", "text": "definitely see Binance climing that up."}, {"start": "01:02:47", "end": "01:02:51", "text": "Yeah. No, I got a bit of a a throat"}, {"start": "01:02:49", "end": "01:02:53", "text": "thing. I feel pretty fine. Mine is like"}, {"start": "01:02:51", "end": "01:02:55", "text": "I don't know, some kind of throat thing,"}, {"start": "01:02:53", "end": "01:02:57", "text": "but feeling a bit bit cracky in the"}, {"start": "01:02:55", "end": "01:03:00", "text": "voice, but other than that, I'm fine."}, {"start": "01:02:57", "end": "01:03:00", "text": "Other than that, I'm fine."}, {"start": "01:03:01", "end": "01:03:04", "text": "Why are you so negative? I don't think"}, {"start": "01:03:02", "end": "01:03:06", "text": "I'm negative on AVAC. I just I just"}, {"start": "01:03:04", "end": "01:03:08", "text": "personally wouldn't buy it, right? They"}, {"start": "01:03:06", "end": "01:03:10", "text": "got stuff going on. Like I just shared,"}, {"start": "01:03:08", "end": "01:03:11", "text": "they got big news, man. They got big"}, {"start": "01:03:10", "end": "01:03:14", "text": "news happening right now and that's"}, {"start": "01:03:11", "end": "01:03:16", "text": "great."}, {"start": "01:03:14", "end": "01:03:18", "text": "Good to see. Avac is one of those ones I"}, {"start": "01:03:16", "end": "01:03:21", "text": "feel like over the last look, I first"}, {"start": "01:03:18", "end": "01:03:22", "text": "bought Avac back in 2021"}, {"start": "01:03:21", "end": "01:03:23", "text": "and I've seen it go all over the place,"}, {"start": "01:03:22", "end": "01:03:25", "text": "right? And I I watched it for the last"}, {"start": "01:03:23", "end": "01:03:27", "text": "five years kind of try it's always"}, {"start": "01:03:25", "end": "01:03:29", "text": "trying to do something. Always feels a"}, {"start": "01:03:27", "end": "01:03:30", "text": "bit late to the metas. It always feels"}, {"start": "01:03:29", "end": "01:03:32", "text": "like it's, you know, it's it's building"}, {"start": "01:03:30", "end": "01:03:34", "text": "up the RWA stuff, but then like Robin"}, {"start": "01:03:32", "end": "01:03:38", "text": "Hood came in and like instantly cut it"}, {"start": "01:03:34", "end": "01:03:39", "text": "instantly. How's that work? So, look, I"}, {"start": "01:03:38", "end": "01:03:41", "text": "know there's a lot of stuff going on to"}, {"start": "01:03:39", "end": "01:03:43", "text": "be excited about like and I want a don't"}, {"start": "01:03:41", "end": "01:03:45", "text": "I want Avac to win. I think Avac is a"}, {"start": "01:03:43", "end": "01:03:46", "text": "nice honest blockchain that does good"}, {"start": "01:03:45", "end": "01:03:49", "text": "things and it's it works. It's a"}, {"start": "01:03:46", "end": "01:03:50", "text": "positive blockchain. It's got good tech."}, {"start": "01:03:49", "end": "01:03:51", "text": "Fine. No problem. It's got a burn"}, {"start": "01:03:50", "end": "01:03:53", "text": "mechanism, all this kind of stuff."}, {"start": "01:03:51", "end": "01:03:55", "text": "Great."}, {"start": "01:03:53", "end": "01:03:56", "text": "I just don't think I'd buy it. Not Not"}, {"start": "01:03:55", "end": "01:03:59", "text": "with the information I have on hand"}, {"start": "01:03:56", "end": "01:04:02", "text": "right now. And that's not me being uh"}, {"start": "01:03:59", "end": "01:04:04", "text": "negative on AVAC. It's just I'm trying"}, {"start": "01:04:02", "end": "01:04:07", "text": "to keep my portfolio extremely tight and"}, {"start": "01:04:04", "end": "01:04:09", "text": "I've got a you know I look at certain"}, {"start": "01:04:07", "end": "01:04:12", "text": "things and I look at like a layer one"}, {"start": "01:04:09", "end": "01:04:13", "text": "trade right now for a layer one that's"}, {"start": "01:04:12", "end": "01:04:15", "text": "struggled for years to get that"}, {"start": "01:04:13", "end": "01:04:17", "text": "adoption."}, {"start": "01:04:15", "end": "01:04:20", "text": "Hard sell for me. So I'm I'm going to"}, {"start": "01:04:17", "end": "01:04:20", "text": "pass on it."}, {"start": "01:04:22", "end": "01:04:27", "text": "Uh nope. Didn't f my back into AAX. I'm"}, {"start": "01:04:25", "end": "01:04:29", "text": "probably not going to. just going to"}, {"start": "01:04:27", "end": "01:04:32", "text": "ride my current positions. I've added"}, {"start": "01:04:29", "end": "01:04:36", "text": "more ston fund today. I know, but hey,"}, {"start": "01:04:32", "end": "01:04:38", "text": "you know, I think I riskreward, right?"}, {"start": "01:04:36", "end": "01:04:40", "text": "It's at a $300 million market cap and"}, {"start": "01:04:38", "end": "01:04:44", "text": "it's doing a million dollars and uh in"}, {"start": "01:04:40", "end": "01:04:49", "text": "daily volume uh sorry buybacks, right,"}, {"start": "01:04:44", "end": "01:04:49", "text": "in fees. So, it's Yeah, there you go."}, {"start": "01:04:59", "end": "01:05:03", "text": "Uh, good for you, Lark. But you hit the"}, {"start": "01:05:01", "end": "01:05:06", "text": "lottery in life. 99% of people work hard"}, {"start": "01:05:03", "end": "01:05:08", "text": "and aren't in the 1%. 99% of people."}, {"start": "01:05:06", "end": "01:05:12", "text": "Okay, here."}, {"start": "01:05:08", "end": "01:05:15", "text": "Disagree. Look, yes, I am in the 1% now."}, {"start": "01:05:12", "end": "01:05:17", "text": "But I wasn't. This is the point, man."}, {"start": "01:05:15", "end": "01:05:20", "text": "This is the point."}, {"start": "01:05:17", "end": "01:05:23", "text": "Anybody can do it. The problem is most"}, {"start": "01:05:20", "end": "01:05:24", "text": "people never even start. Most people"}, {"start": "01:05:23", "end": "01:05:25", "text": "never start. Back in the 90s, my mom was"}, {"start": "01:05:24", "end": "01:05:26", "text": "paying the playing the lottery. She'd"}, {"start": "01:05:25", "end": "01:05:28", "text": "spend I don't know $1,000 a year in"}, {"start": "01:05:26", "end": "01:05:30", "text": "lottery tickets in the n in the 90s,"}, {"start": "01:05:28", "end": "01:05:32", "text": "right? With having very very little,"}, {"start": "01:05:30", "end": "01:05:34", "text": "right? Maybe it's 500 bucks, whatever."}, {"start": "01:05:32", "end": "01:05:35", "text": "That's a lot a lot of money in the 90s"}, {"start": "01:05:34", "end": "01:05:36", "text": "is a lot of money for us. She's playing"}, {"start": "01:05:35", "end": "01:05:38", "text": "lottery. I'm going to hit the numbers"}, {"start": "01:05:36", "end": "01:05:42", "text": "one day. You know, [�__�] mom. If you just"}, {"start": "01:05:38", "end": "01:05:44", "text": "bought Apple back then,"}, {"start": "01:05:42", "end": "01:05:47", "text": "Amazon stocks, she'd be a"}, {"start": "01:05:44", "end": "01:05:48", "text": "multi-millionaire now. And she's got"}, {"start": "01:05:47", "end": "01:05:50", "text": "into Bitcoin at a good time. So, she's"}, {"start": "01:05:48", "end": "01:05:53", "text": "done okay, don't get me wrong, but like"}, {"start": "01:05:50", "end": "01:05:53", "text": "still,"}, {"start": "01:05:53", "end": "01:05:58", "text": "you want to hit the lottery in life,"}, {"start": "01:05:55", "end": "01:06:00", "text": "crypto bits, show up every day and put"}, {"start": "01:05:58", "end": "01:06:01", "text": "in the effing work. People who just like"}, {"start": "01:06:00", "end": "01:06:04", "text": "come out of nowhere is like super"}, {"start": "01:06:01", "end": "01:06:06", "text": "successful are almost non-existent."}, {"start": "01:06:04", "end": "01:06:07", "text": "Underneath that, it's the iceberg thing."}, {"start": "01:06:06", "end": "01:06:09", "text": "Underneath that is years of hard work"}, {"start": "01:06:07", "end": "01:06:11", "text": "and research and learning how to trade"}, {"start": "01:06:09", "end": "01:06:13", "text": "and learning how to, you know, read the"}, {"start": "01:06:11", "end": "01:06:14", "text": "trenches, learning how to read stocks,"}, {"start": "01:06:13", "end": "01:06:16", "text": "whatever it might be. And then suddenly"}, {"start": "01:06:14", "end": "01:06:18", "text": "they magically get lucky. Oh, suddenly"}, {"start": "01:06:16", "end": "01:06:19", "text": "they got the lottery ticket. No, that's"}, {"start": "01:06:18", "end": "01:06:21", "text": "because they they showed up every"}, {"start": "01:06:19", "end": "01:06:23", "text": "[�__�] day and put in the work. So, I I"}, {"start": "01:06:21", "end": "01:06:24", "text": "I don't like this kind of mentality"}, {"start": "01:06:23", "end": "01:06:26", "text": "because it makes you think that, well,"}, {"start": "01:06:24", "end": "01:06:27", "text": "you're you're you're just a wash in the"}, {"start": "01:06:26", "end": "01:06:33", "text": "sea of destiny. You just have to get"}, {"start": "01:06:27", "end": "01:06:33", "text": "lucky. Nope. Nope. Don't think so."}, {"start": "01:06:35", "end": "01:06:39", "text": "Oh, hey, I want to do a few few real"}, {"start": "01:06:37", "end": "01:06:42", "text": "quick charts for you guys on the um on"}, {"start": "01:06:39", "end": "01:06:44", "text": "our favorite metas here. Pawns basing"}, {"start": "01:06:42", "end": "01:06:47", "text": "out here around $400 million. I think"}, {"start": "01:06:44", "end": "01:06:48", "text": "the next move. Volume's falling off a"}, {"start": "01:06:47", "end": "01:06:51", "text": "lot on this. Okay, it's still doing"}, {"start": "01:06:48", "end": "01:06:52", "text": "pretty strong daily buybacks. Is it"}, {"start": "01:06:51", "end": "01:06:54", "text": "enough to keep the price up at $400"}, {"start": "01:06:52", "end": "01:06:56", "text": "million? Well, it seems to be maybe"}, {"start": "01:06:54", "end": "01:06:58", "text": "hitting an accumulation zone here. Let's"}, {"start": "01:06:56", "end": "01:07:01", "text": "see. Obviously, if you drop under about"}, {"start": "01:06:58", "end": "01:07:03", "text": "the sort of 375, 380 level, could get"}, {"start": "01:07:01", "end": "01:07:04", "text": "pretty nasty pretty quickly. But as long"}, {"start": "01:07:03", "end": "01:07:06", "text": "as it sort of keeps basing around here,"}, {"start": "01:07:04", "end": "01:07:08", "text": "maybe we get a nice sort of uh cup and"}, {"start": "01:07:06", "end": "01:07:09", "text": "handle form up here, for example, which"}, {"start": "01:07:08", "end": "01:07:11", "text": "could be a nice continuation pattern"}, {"start": "01:07:09", "end": "01:07:13", "text": "higher to get us up to a billion"}, {"start": "01:07:11", "end": "01:07:16", "text": "dollars. Cash Cat I'm considering"}, {"start": "01:07:13", "end": "01:07:19", "text": "selling. It's worth 180. I'm up 80% on"}, {"start": "01:07:16", "end": "01:07:22", "text": "it, but I feel like I might have better"}, {"start": "01:07:19", "end": "01:07:23", "text": "places to put my money elsewhere."}, {"start": "01:07:22", "end": "01:07:25", "text": "Why did I have this up? I don't"}, {"start": "01:07:23", "end": "01:07:28", "text": "remember. Anyway, uh currently Ston's"}, {"start": "01:07:25", "end": "01:07:29", "text": "burning 0.41% a day of the supply."}, {"start": "01:07:28", "end": "01:07:32", "text": "Therefore, in one year, 156% of the"}, {"start": "01:07:29", "end": "01:07:35", "text": "supply will be burned."}, {"start": "01:07:32", "end": "01:07:37", "text": "Avac technically has a burn mechanism."}, {"start": "01:07:35", "end": "01:07:40", "text": "It just is nowhere near as aggressive as"}, {"start": "01:07:37", "end": "01:07:41", "text": "this, right? There's a lot of places you"}, {"start": "01:07:40", "end": "01:07:43", "text": "can put your money in the market. Some"}, {"start": "01:07:41", "end": "01:07:45", "text": "are going to have better returns than"}, {"start": "01:07:43", "end": "01:07:46", "text": "others. Avac, as an example, probably"}, {"start": "01:07:45", "end": "01:07:48", "text": "does pretty okay. Maybe it gets, you"}, {"start": "01:07:46", "end": "01:07:49", "text": "know, people excited about RWAS again,"}, {"start": "01:07:48", "end": "01:07:51", "text": "people kind of come back and start"}, {"start": "01:07:49", "end": "01:07:53", "text": "bidding it up, etc., etc., etc., but"}, {"start": "01:07:51", "end": "01:07:55", "text": "like it didn't even get to an all-time"}, {"start": "01:07:53", "end": "01:07:58", "text": "high in the last 5 years. Salana did."}, {"start": "01:07:55", "end": "01:07:59", "text": "Ethereum did. Not by a lot, but they"}, {"start": "01:07:58", "end": "01:08:01", "text": "did."}, {"start": "01:07:59", "end": "01:08:03", "text": "Apex wasn't even close, man. So, it's"}, {"start": "01:08:01", "end": "01:08:05", "text": "got a lot of work to to get that sort of"}, {"start": "01:08:03", "end": "01:08:08", "text": "investor confidence back into the coin."}, {"start": "01:08:05", "end": "01:08:10", "text": "Stonk fund. I think this is a billion"}, {"start": "01:08:08", "end": "01:08:11", "text": "multi-billion dollar market cap coin in"}, {"start": "01:08:10", "end": "01:08:14", "text": "the waiting. Uh maybe I'm wrong on that."}, {"start": "01:08:11", "end": "01:08:16", "text": "I lose a [�__�] ton of money. That's fine."}, {"start": "01:08:14", "end": "01:08:18", "text": "I've lost money before. I'm not bidding"}, {"start": "01:08:16", "end": "01:08:20", "text": "more than I can afford to lose. It'll be"}, {"start": "01:08:18", "end": "01:08:22", "text": "fine if it happens. But I also think"}, {"start": "01:08:20", "end": "01:08:25", "text": "that with the current uh meta that we"}, {"start": "01:08:22", "end": "01:08:26", "text": "have going on that this becomes a"}, {"start": "01:08:25", "end": "01:08:30", "text": "meaningful competitor to what uh Pump"}, {"start": "01:08:26", "end": "01:08:34", "text": "Fund is doing and captures, you know, 10"}, {"start": "01:08:30", "end": "01:08:36", "text": "20 30% of uh onchain uh revenue from"}, {"start": "01:08:34", "end": "01:08:39", "text": "this sort of memecoin. uh meta space and"}, {"start": "01:08:36", "end": "01:08:42", "text": "if so if it can keep million-dollar"}, {"start": "01:08:39", "end": "01:08:44", "text": "daily revenues going the price goes much"}, {"start": "01:08:42", "end": "01:08:46", "text": "higher."}, {"start": "01:08:44", "end": "01:08:48", "text": "Uh him h him ga gajria posted this"}, {"start": "01:08:46", "end": "01:08:49", "text": "thesis for dummies meta the cycles"}, {"start": "01:08:48", "end": "01:08:51", "text": "tokenization most absurd degenerate"}, {"start": "01:08:49", "end": "01:08:53", "text": "newsworthy representation of the meta is"}, {"start": "01:08:51", "end": "01:08:54", "text": "boner a meme with a mission to have"}, {"start": "01:08:53", "end": "01:08:56", "text": "people coordinate around something novel"}, {"start": "01:08:54", "end": "01:08:58", "text": "allowing them to show a middle finger to"}, {"start": "01:08:56", "end": "01:09:00", "text": "the elites while also being realistic is"}, {"start": "01:08:58", "end": "01:09:02", "text": "boner proven"}, {"start": "01:09:00", "end": "01:09:03", "text": "bonercoin you know part of me wants to"}, {"start": "01:09:02", "end": "01:09:05", "text": "buy it just because it's funny I have"}, {"start": "01:09:03", "end": "01:09:06", "text": "not bought any boner coin but I feel"}, {"start": "01:09:05", "end": "01:09:10", "text": "like it's down I'll throw a few grand in"}, {"start": "01:09:06", "end": "01:09:13", "text": "just because they'll be hilarious anyway"}, {"start": "01:09:10", "end": "01:09:15", "text": "uh aa Alex here posted imagine holding"}, {"start": "01:09:13", "end": "01:09:17", "text": "building dog with hat from 0 to four"}, {"start": "01:09:15", "end": "01:09:18", "text": "billion and getting dividends all the"}, {"start": "01:09:17", "end": "01:09:20", "text": "way up. I don't think everyone should"}, {"start": "01:09:18", "end": "01:09:23", "text": "have I think ever go to Zcap. This is"}, {"start": "01:09:20", "end": "01:09:27", "text": "the thing with these new um meme uh meta"}, {"start": "01:09:23", "end": "01:09:30", "text": "coins here, the meme stonk finance"}, {"start": "01:09:27", "end": "01:09:31", "text": "coins, right? You hold Zcat and now"}, {"start": "01:09:30", "end": "01:09:33", "text": "we're doing with crypto tokens as well."}, {"start": "01:09:31", "end": "01:09:36", "text": "So you hold Zcat, you get Zcash every"}, {"start": "01:09:33", "end": "01:09:38", "text": "day dropped into your wallet."}, {"start": "01:09:36", "end": "01:09:40", "text": "$10 million over 20 days. Now, there's"}, {"start": "01:09:38", "end": "01:09:42", "text": "still some newer ones that are not worth"}, {"start": "01:09:40", "end": "01:09:45", "text": "$100 million plus mark cap, but you"}, {"start": "01:09:42", "end": "01:09:48", "text": "know, leverat, buy the buy the cat, um,"}, {"start": "01:09:45", "end": "01:09:49", "text": "knots, raycat, stuff like this. Like,"}, {"start": "01:09:48", "end": "01:09:50", "text": "these are still cheap enough that these"}, {"start": "01:09:49", "end": "01:09:52", "text": "things go to hundreds of millions or"}, {"start": "01:09:50", "end": "01:09:54", "text": "billions of dollars, which I don't think"}, {"start": "01:09:52", "end": "01:09:56", "text": "all them will. This is a very new"}, {"start": "01:09:54", "end": "01:09:59", "text": "experiment. It may not have longevity,"}, {"start": "01:09:56", "end": "01:10:01", "text": "but if that does happen, then holy [�__�]"}, {"start": "01:09:59", "end": "01:10:03", "text": "you know, you're going to get an ROI."}, {"start": "01:10:01", "end": "01:10:06", "text": "Like, so I bought Leverat and Buy the"}, {"start": "01:10:03", "end": "01:10:10", "text": "Cat and I've now got about 6% of my"}, {"start": "01:10:06", "end": "01:10:13", "text": "money back in Solana and wrapped Bitcoin"}, {"start": "01:10:10", "end": "01:10:16", "text": "and the coins themselves are down about"}, {"start": "01:10:13", "end": "01:10:17", "text": "30 40% from where I bought them. So, you"}, {"start": "01:10:16", "end": "01:10:18", "text": "know, slowly but surely we're heading in"}, {"start": "01:10:17", "end": "01:10:22", "text": "the right direction. Might take a while"}, {"start": "01:10:18", "end": "01:10:24", "text": "though. ZCAT Zcat's been pretty. Look at"}, {"start": "01:10:22", "end": "01:10:26", "text": "these giant wicks to the downside, man."}, {"start": "01:10:24", "end": "01:10:27", "text": "Like, you know, there's an interesting"}, {"start": "01:10:26", "end": "01:10:29", "text": "area for you. If you feel like you"}, {"start": "01:10:27", "end": "01:10:30", "text": "missed out on Zcat, bid around $60"}, {"start": "01:10:29", "end": "01:10:32", "text": "million and wait for one of these"}, {"start": "01:10:30", "end": "01:10:35", "text": "gargantuan downside wicks. You might"}, {"start": "01:10:32", "end": "01:10:37", "text": "just hit something. Leverat"}, {"start": "01:10:35", "end": "01:10:39", "text": "nothing nothing all at once. So I own"}, {"start": "01:10:37", "end": "01:10:41", "text": "Levercat, by the way. Levercat holders"}, {"start": "01:10:39", "end": "01:10:43", "text": "getting Exoulo"}, {"start": "01:10:41", "end": "01:10:45", "text": "points and now other tokens. Yeah. So I"}, {"start": "01:10:43", "end": "01:10:48", "text": "got some BTCX, Ribbit, and I guess this"}, {"start": "01:10:45", "end": "01:10:50", "text": "toads uh dropped into my wallet today."}, {"start": "01:10:48", "end": "01:10:52", "text": "So that's cool. Good. Let's do some more"}, {"start": "01:10:50", "end": "01:10:54", "text": "airdrops. Levercat rock. Let's rock it,"}, {"start": "01:10:52", "end": "01:10:56", "text": "man. I love it. Levercat's only a $5"}, {"start": "01:10:54", "end": "01:10:57", "text": "million market cap right now. relatively"}, {"start": "01:10:56", "end": "01:10:59", "text": "cheap. But again, these things might go"}, {"start": "01:10:57", "end": "01:11:00", "text": "to zero because this experimentation may"}, {"start": "01:10:59", "end": "01:11:02", "text": "have a very short shelf life, which is"}, {"start": "01:11:00", "end": "01:11:03", "text": "why I would not put a huge amount of"}, {"start": "01:11:02", "end": "01:11:05", "text": "money into any of these coins. I'd"}, {"start": "01:11:03", "end": "01:11:06", "text": "rather own the casinos. I I feel more"}, {"start": "01:11:05", "end": "01:11:08", "text": "comfortable putting, you know,"}, {"start": "01:11:06", "end": "01:11:10", "text": "significant amounts of money into the"}, {"start": "01:11:08", "end": "01:11:11", "text": "casino coins, whereas like the"}, {"start": "01:11:10", "end": "01:11:12", "text": "individual tables, I'm going to put a"}, {"start": "01:11:11", "end": "01:11:14", "text": "very small amount in because it's"}, {"start": "01:11:12", "end": "01:11:15", "text": "interesting. I like to experiment with"}, {"start": "01:11:14", "end": "01:11:17", "text": "stuff."}, {"start": "01:11:15", "end": "01:11:19", "text": "Tristan, co-founder of Backpack, says"}, {"start": "01:11:17", "end": "01:11:21", "text": "just a backpack. Well, guess what? Just"}, {"start": "01:11:19", "end": "01:11:23", "text": "a backpack is now a meme that is worth"}, {"start": "01:11:21", "end": "01:11:26", "text": "$4 million and pays you out in backpack"}, {"start": "01:11:23", "end": "01:11:27", "text": "tokens. We're going to get one for every"}, {"start": "01:11:26", "end": "01:11:30", "text": "damn coin, aren't we? It's going to be"}, {"start": "01:11:27", "end": "01:11:31", "text": "nuts. It's gonna be nuts, guys. Okay,"}, {"start": "01:11:30", "end": "01:11:35", "text": "let's answer a couple more questions"}, {"start": "01:11:31", "end": "01:11:35", "text": "before we finish up."}, {"start": "01:11:37", "end": "01:11:41", "text": "Bitcoin only this time. Well, you can do"}, {"start": "01:11:39", "end": "01:11:42", "text": "Bitcoin only. I know I've got some"}, {"start": "01:11:41", "end": "01:11:44", "text": "Bitcoin only friends and you know,"}, {"start": "01:11:42", "end": "01:11:45", "text": "they've got a lot of Bitcoin, so it's"}, {"start": "01:11:44", "end": "01:11:46", "text": "going to be significant for them. They"}, {"start": "01:11:45", "end": "01:11:47", "text": "don't need anything else. A lot of"}, {"start": "01:11:46", "end": "01:11:48", "text": "people are going to need something other"}, {"start": "01:11:47", "end": "01:11:51", "text": "than Bitcoin. Bitcoin is going to run"}, {"start": "01:11:48", "end": "01:11:53", "text": "200% 300% maybe. It's going to be a good"}, {"start": "01:11:51", "end": "01:11:56", "text": "move. My Bitcoin bags are very happy"}, {"start": "01:11:53", "end": "01:11:59", "text": "about that. However, you could have"}, {"start": "01:11:56", "end": "01:12:02", "text": "bought pawns two months ago with me and"}, {"start": "01:11:59", "end": "01:12:04", "text": "be up 30x on your money."}, {"start": "01:12:02", "end": "01:12:08", "text": "You could have bought stonk six weeks"}, {"start": "01:12:04", "end": "01:12:10", "text": "ago, be up 20x on your money,"}, {"start": "01:12:08", "end": "01:12:15", "text": "there are risks. There are risks. It's"}, {"start": "01:12:10", "end": "01:12:18", "text": "never easy, but um yeah,"}, {"start": "01:12:15", "end": "01:12:20", "text": "sold all my AVAC for soul way back."}, {"start": "01:12:18", "end": "01:12:23", "text": "Probably a good decision in my opinion."}, {"start": "01:12:20", "end": "01:12:25", "text": "Um that that has my Salana bias coming"}, {"start": "01:12:23", "end": "01:12:29", "text": "through. But it's winning, man. It's"}, {"start": "01:12:25", "end": "01:12:30", "text": "winning much more. Um"}, {"start": "01:12:29", "end": "01:12:31", "text": "let's just bring up Sue. You're asking"}, {"start": "01:12:30", "end": "01:12:32", "text": "about Sue. Let's have a quick look at"}, {"start": "01:12:31", "end": "01:12:33", "text": "the Sooi chart. I haven't looked at it"}, {"start": "01:12:32", "end": "01:12:35", "text": "in a little while. So be interesting"}, {"start": "01:12:33", "end": "01:12:40", "text": "actually to see what's cracking here"}, {"start": "01:12:35", "end": "01:12:43", "text": "with Sooie. So right breaking out like"}, {"start": "01:12:40", "end": "01:12:44", "text": "to see that. So this is the uh downtrend"}, {"start": "01:12:43", "end": "01:12:46", "text": "here"}, {"start": "01:12:44", "end": "01:12:47", "text": "from sort of more localized top. Really"}, {"start": "01:12:46", "end": "01:12:48", "text": "should be drawn from there, but okay."}, {"start": "01:12:47", "end": "01:12:50", "text": "Let's just we're going to drop from"}, {"start": "01:12:48", "end": "01:12:52", "text": "there. has got some more of uh more"}, {"start": "01:12:50", "end": "01:12:55", "text": "points on it. Anyway, let's just look at"}, {"start": "01:12:52", "end": "01:12:57", "text": "this 200 day EMA. We've had a solid"}, {"start": "01:12:55", "end": "01:12:58", "text": "breakout here where it's ran from about"}, {"start": "01:12:57", "end": "01:13:00", "text": "70 cents up, but everything's kind of"}, {"start": "01:12:58", "end": "01:13:02", "text": "running right now. I feel like if you're"}, {"start": "01:13:00", "end": "01:13:04", "text": "going to sort of bid on one of these"}, {"start": "01:13:02", "end": "01:13:07", "text": "coins to have one of these layer ones to"}, {"start": "01:13:04", "end": "01:13:07", "text": "have a good comeback, I think Sooie is"}, {"start": "01:13:07", "end": "01:13:10", "text": "probably one of the more interesting"}, {"start": "01:13:07", "end": "01:13:13", "text": "ones to bet on in that category. You"}, {"start": "01:13:10", "end": "01:13:16", "text": "know, I think biddable, I'm not buying"}, {"start": "01:13:13", "end": "01:13:21", "text": "them, but biddable would be um"}, {"start": "01:13:16", "end": "01:13:23", "text": "uh Sooie, say, Aptos, Avalanche, maybe"}, {"start": "01:13:21", "end": "01:13:26", "text": "Polygon."}, {"start": "01:13:23", "end": "01:13:28", "text": "I'm not necessarily running down the uh"}, {"start": "01:13:26", "end": "01:13:29", "text": "layer one rabbit hole here, but Suie is"}, {"start": "01:13:28", "end": "01:13:31", "text": "probably one of the more interesting"}, {"start": "01:13:29", "end": "01:13:33", "text": "ones. Definitely had a lot of excitement"}, {"start": "01:13:31", "end": "01:13:35", "text": "about it. Maybe it's sort of going to be"}, {"start": "01:13:33", "end": "01:13:38", "text": "this cycle Salana in the sense that it"}, {"start": "01:13:35", "end": "01:13:39", "text": "was, you know, back in 2021 Salana had"}, {"start": "01:13:38", "end": "01:13:41", "text": "all this excitement, all the stuff built"}, {"start": "01:13:39", "end": "01:13:42", "text": "on it, crashed big time, everybody lost"}, {"start": "01:13:41", "end": "01:13:44", "text": "interest and then came raging back to"}, {"start": "01:13:42", "end": "01:13:46", "text": "hit new all-time highs in the 2425"}, {"start": "01:13:44", "end": "01:13:47", "text": "cycle. So maybe we see something similar"}, {"start": "01:13:46", "end": "01:13:49", "text": "happen with Suie where you know it went"}, {"start": "01:13:47", "end": "01:13:51", "text": "still 80% under alltime highs. So even"}, {"start": "01:13:49", "end": "01:13:53", "text": "with this big move and it's up 50%. So"}, {"start": "01:13:51", "end": "01:13:56", "text": "you don't necessarily go chasing here,"}, {"start": "01:13:53", "end": "01:13:57", "text": "right? But if you're bidding this and"}, {"start": "01:13:56", "end": "01:13:58", "text": "you think that's going to go to new"}, {"start": "01:13:57", "end": "01:13:59", "text": "alltime highs, it goes to 10 bucks at"}, {"start": "01:13:58", "end": "01:14:01", "text": "some point. Then you're sitting on a 10x"}, {"start": "01:13:59", "end": "01:14:03", "text": "there staring you right in the face. But"}, {"start": "01:14:01", "end": "01:14:08", "text": "the question is, can they execute enough"}, {"start": "01:14:03", "end": "01:14:08", "text": "in order to make that actually happen?"}, {"start": "01:14:11", "end": "01:14:15", "text": "Hard work is shoveling snow. Smart work"}, {"start": "01:14:13", "end": "01:14:16", "text": "is being in the markets."}, {"start": "01:14:15", "end": "01:14:18", "text": "Yep. And sometimes you got to shovel the"}, {"start": "01:14:16", "end": "01:14:22", "text": "snow to have the money to put in the"}, {"start": "01:14:18", "end": "01:14:25", "text": "markets. That's it, man."}, {"start": "01:14:22", "end": "01:14:27", "text": "All you need is 2,000 Avac."}, {"start": "01:14:25", "end": "01:14:30", "text": "So Avac isn't going to 160 bucks like"}, {"start": "01:14:27", "end": "01:14:32", "text": "you said, Kev. Things change, man. my"}, {"start": "01:14:30", "end": "01:14:34", "text": "price prediction from years ago."}, {"start": "01:14:32", "end": "01:14:36", "text": "Yeah, I would have liked it. I was"}, {"start": "01:14:34", "end": "01:14:37", "text": "holding Abacks at the time. That's that"}, {"start": "01:14:36", "end": "01:14:39", "text": "was my bias at the time. I thought that"}, {"start": "01:14:37", "end": "01:14:41", "text": "we were going to go higher. Maybe it"}, {"start": "01:14:39", "end": "01:14:42", "text": "still does. Maybe it goes back to"}, {"start": "01:14:41", "end": "01:14:44", "text": "alltime highs. If it's so, well, [�__�]"}, {"start": "01:14:42", "end": "01:14:45", "text": "You got a 16x sitting in front of you,"}, {"start": "01:14:44", "end": "01:14:48", "text": "man. If you believe that's the case,"}, {"start": "01:14:45", "end": "01:14:49", "text": "bid. Bid hard."}, {"start": "01:14:48", "end": "01:14:50", "text": "I've looked at AVAC. I've looked at"}, {"start": "01:14:49", "end": "01:14:51", "text": "everything that's happening over the"}, {"start": "01:14:50", "end": "01:14:52", "text": "last couple years and said, you know"}, {"start": "01:14:51", "end": "01:14:54", "text": "what? It's not worth me holding right"}, {"start": "01:14:52", "end": "01:14:56", "text": "now. Maybe I will change my opinion at"}, {"start": "01:14:54", "end": "01:14:58", "text": "some point."}, {"start": "01:14:56", "end": "01:14:59", "text": "I'm open to changing opinions. Markets"}, {"start": "01:14:58", "end": "01:15:02", "text": "change, opinions change, predictions"}, {"start": "01:14:59", "end": "01:15:04", "text": "change, price targets change, price"}, {"start": "01:15:02", "end": "01:15:08", "text": "targets are temporary, markets change."}, {"start": "01:15:04", "end": "01:15:09", "text": "You know, if if AVAC uh"}, {"start": "01:15:08", "end": "01:15:11", "text": "uh"}, {"start": "01:15:09", "end": "01:15:13", "text": "if Avac is going to take off and do new"}, {"start": "01:15:11", "end": "01:15:14", "text": "things, then [�__�] why why stop at 160"}, {"start": "01:15:13", "end": "01:15:17", "text": "bucks? Send this thing to a thousand,"}, {"start": "01:15:14", "end": "01:15:18", "text": "man. But it requires a lot of things to"}, {"start": "01:15:17", "end": "01:15:20", "text": "line up for that to happen. And right"}, {"start": "01:15:18", "end": "01:15:22", "text": "now, I don't see AVAC getting the kind"}, {"start": "01:15:20", "end": "01:15:24", "text": "of"}, {"start": "01:15:22", "end": "01:15:26", "text": "excitement from the market that I'd want"}, {"start": "01:15:24", "end": "01:15:30", "text": "it to have."}, {"start": "01:15:26", "end": "01:15:30", "text": "Does that make sense?"}, {"start": "01:15:30", "end": "01:15:35", "text": "Fortune favors the bold. No, I live in I"}, {"start": "01:15:33", "end": "01:15:37", "text": "live in Dubai now. Flew in Dubai for two"}, {"start": "01:15:35", "end": "01:15:39", "text": "years. Got a new studio and stuff set up"}, {"start": "01:15:37", "end": "01:15:41", "text": "here. I miss New Zealand sometimes. Miss"}, {"start": "01:15:39", "end": "01:15:43", "text": "the forests and the clean air and the,"}, {"start": "01:15:41", "end": "01:15:47", "text": "you know, lack of proximity to World War"}, {"start": "01:15:43", "end": "01:15:48", "text": "II. But, you know, hey, say Levie, you"}, {"start": "01:15:47", "end": "01:15:52", "text": "know, what are you going to do? Anyway,"}, {"start": "01:15:48", "end": "01:15:52", "text": "uh we're in Dubai now."}, {"start": "01:15:52", "end": "01:15:56", "text": "Stop talking. I already I think I"}, {"start": "01:15:54", "end": "01:15:58", "text": "literally made videos talking about how"}, {"start": "01:15:56", "end": "01:15:59", "text": "I moved to Dubai on the channel. So, you"}, {"start": "01:15:58", "end": "01:16:03", "text": "know, it's not like you're sharing my my"}, {"start": "01:15:59", "end": "01:16:03", "text": "house address, right? But, um,"}, {"start": "01:16:06", "end": "01:16:12", "text": "look, see, yeah, has definitely moved."}, {"start": "01:16:10", "end": "01:16:16", "text": "Okay."}, {"start": "01:16:12", "end": "01:16:19", "text": "Are you, you know, H bar? Nah."}, {"start": "01:16:16", "end": "01:16:23", "text": "Nah. Nah. Nah. Not really my cup of tea,"}, {"start": "01:16:19", "end": "01:16:24", "text": "man. No hate. No hate. Just never. I've"}, {"start": "01:16:23", "end": "01:16:27", "text": "looked at H bar so many times. Never did"}, {"start": "01:16:24", "end": "01:16:29", "text": "I go like God this is an asset that I"}, {"start": "01:16:27", "end": "01:16:31", "text": "need to own and I must have in my"}, {"start": "01:16:29", "end": "01:16:34", "text": "portfolio I was going H bar whatever you"}, {"start": "01:16:31", "end": "01:16:39", "text": "know probably makes money but"}, {"start": "01:16:34", "end": "01:16:41", "text": "yeah not not really my cup of tea man."}, {"start": "01:16:39", "end": "01:16:44", "text": "Yo B Creed what is up? We started doing"}, {"start": "01:16:41", "end": "01:16:47", "text": "live streams"}, {"start": "01:16:44", "end": "01:16:50", "text": "two weeks ago. So yeah we're back. We're"}, {"start": "01:16:47", "end": "01:16:53", "text": "back man. Monday, Wednesday, Friday,"}, {"start": "01:16:50", "end": "01:16:54", "text": "3:30 p.m. Dubai time. Actually, we're"}, {"start": "01:16:53", "end": "01:16:55", "text": "probably gonna start doing Tuesday,"}, {"start": "01:16:54", "end": "01:16:57", "text": "Thursdays week, too. We're trying to"}, {"start": "01:16:55", "end": "01:16:58", "text": "find guests to come on on, um, Tuesdays"}, {"start": "01:16:57", "end": "01:17:00", "text": "and Thursdays. I guess if I don't have a"}, {"start": "01:16:58", "end": "01:17:01", "text": "guest, maybe we'll just hang out and"}, {"start": "01:17:00", "end": "01:17:04", "text": "chat coins and answer your questions for"}, {"start": "01:17:01", "end": "01:17:05", "text": "an hour. But, um, so far"}, {"start": "01:17:04", "end": "01:17:07", "text": "seems like we're getting some guests"}, {"start": "01:17:05", "end": "01:17:08", "text": "booked. We got some juicy guests coming"}, {"start": "01:17:07", "end": "01:17:09", "text": "on. Got my buddy Adam joining me"}, {"start": "01:17:08", "end": "01:17:10", "text": "tomorrow. So, you guys come back for"}, {"start": "01:17:09", "end": "01:17:12", "text": "that. 3:30 p.m. Dubai. It's going to be"}, {"start": "01:17:10", "end": "01:17:14", "text": "a good time. We'll, you know, start off"}, {"start": "01:17:12", "end": "01:17:15", "text": "probably about a half hour of a guest"}, {"start": "01:17:14", "end": "01:17:17", "text": "and like a half hour of just just"}, {"start": "01:17:15", "end": "01:17:18", "text": "talking coins, hanging out, answering"}, {"start": "01:17:17", "end": "01:17:20", "text": "your questions, looking at charts,"}, {"start": "01:17:18", "end": "01:17:22", "text": "having a good time. And then, um, second"}, {"start": "01:17:20", "end": "01:17:24", "text": "half will probably be, you know, bring a"}, {"start": "01:17:22", "end": "01:17:25", "text": "guest on, talk, get somebody else's"}, {"start": "01:17:24", "end": "01:17:27", "text": "perspective on the markets, share some"}, {"start": "01:17:25", "end": "01:17:30", "text": "share some thoughts, all that kind of"}, {"start": "01:17:27", "end": "01:17:30", "text": "stuff."}, {"start": "01:17:30", "end": "01:17:33", "text": "I did go back. It's we didn't talk very"}, {"start": "01:17:32", "end": "01:17:37", "text": "long about unis swap though. We did talk"}, {"start": "01:17:33", "end": "01:17:37", "text": "about uni briefly on the stream."}, {"start": "01:17:40", "end": "01:17:43", "text": "your price target for pump. Well, you"}, {"start": "01:17:41", "end": "01:17:44", "text": "know, price targets are like butts."}, {"start": "01:17:43", "end": "01:17:47", "text": "Everyone's got one and most of them"}, {"start": "01:17:44", "end": "01:17:50", "text": "stink. That say my stinky uh from my"}, {"start": "01:17:47", "end": "01:17:52", "text": "butt uh uh target here is I think this"}, {"start": "01:17:50", "end": "01:17:54", "text": "thing could go 10 to 20x. If we get an"}, {"start": "01:17:52", "end": "01:17:59", "text": "actual bull run, this thing goes 10 to"}, {"start": "01:17:54", "end": "01:17:59", "text": "20x and I will sell all of it. Then"}, {"start": "01:18:02", "end": "01:18:07", "text": "New York exchange. Yeah, we covered that"}, {"start": "01:18:03", "end": "01:18:07", "text": "story. We covered that story on AEX"}, {"start": "01:18:08", "end": "01:18:12", "text": "live shows are back. Yo yo yo Corey,"}, {"start": "01:18:10", "end": "01:18:14", "text": "what's up guys? We're gonna finish up"}, {"start": "01:18:12", "end": "01:18:16", "text": "there for right now. You guys are"}, {"start": "01:18:14", "end": "01:18:17", "text": "awesome. Come back tomorrow. We're"}, {"start": "01:18:16", "end": "01:18:22", "text": "streaming again. It's going to be a good"}, {"start": "01:18:17", "end": "01:18:22", "text": "time. I'll see you there. Peace."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "At its peak, this one meme's uh"}, {"start": "00:00:01", "end": "00:00:05", "text": "liquidity pool held more than half of"}, {"start": "00:00:03", "end": "00:00:06", "text": "the tokenized HIM shares that existed on"}, {"start": "00:00:05", "end": "00:00:07", "text": "the entire chain. They just issued more"}, {"start": "00:00:06", "end": "00:00:09", "text": "shares, so it kind of diluted it, but"}, {"start": "00:00:07", "end": "00:00:10", "text": "you can see the impact, right? That"}, {"start": "00:00:09", "end": "00:00:12", "text": "happened on a Sunday when the real New"}, {"start": "00:00:10", "end": "00:00:13", "text": "York Stock Exchange was closed. The"}, {"start": "00:00:12", "end": "00:00:15", "text": "tokenized version printed four times the"}, {"start": "00:00:13", "end": "00:00:17", "text": "Friday closing price. Monday morning,"}, {"start": "00:00:15", "end": "00:00:19", "text": "the actual stock barely moved because,"}, {"start": "00:00:17", "end": "00:00:21", "text": "again, they just issued more stocks out,"}, {"start": "00:00:19", "end": "00:00:23", "text": "so the on-chain variation So, the"}, {"start": "00:00:21", "end": "00:00:24", "text": "on-chain float is not the New York Stock"}, {"start": "00:00:23", "end": "00:00:25", "text": "Exchange float. But, the story is"}, {"start": "00:00:24", "end": "00:00:27", "text": "starting to get very, very interesting."}, {"start": "00:00:25", "end": "00:00:29", "text": "And to their credit, the people behind"}, {"start": "00:00:27", "end": "00:00:30", "text": "Boner admit openly on their own site"}, {"start": "00:00:29", "end": "00:00:31", "text": "that the total tokenized supply is a"}, {"start": "00:00:30", "end": "00:00:34", "text": "tiny fraction of the real short interest"}, {"start": "00:00:31", "end": "00:00:36", "text": "in HIMs. The squeeze story is 99%"}, {"start": "00:00:34", "end": "00:00:38", "text": "narrative and maybe 1% actual mechanics,"}, {"start": "00:00:36", "end": "00:00:39", "text": "but that could change because if enough"}, {"start": "00:00:38", "end": "00:00:40", "text": "money starts coming on chain, enough"}, {"start": "00:00:39", "end": "00:00:42", "text": "retail starts coming back, we could"}, {"start": "00:00:40", "end": "00:00:44", "text": "actually see squeezes on some of these"}, {"start": "00:00:42", "end": "00:00:45", "text": "shorted stocks. Oh, man, Wall Street's"}, {"start": "00:00:44", "end": "00:00:48", "text": "going to be pissed off with crypto when"}, {"start": "00:00:45", "end": "00:00:48", "text": "that happens."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "When October 6th happens, and we're not"}, {"start": "00:00:01", "end": "00:00:06", "text": "at $40,000 or $38,000, whatever the hell"}, {"start": "00:00:04", "end": "00:00:09", "text": "the the bearish forecasts were, who"}, {"start": "00:00:06", "end": "00:00:11", "text": "ignored all of the indicators, all the"}, {"start": "00:00:09", "end": "00:00:12", "text": "on-chain data, what are those guys going"}, {"start": "00:00:11", "end": "00:00:13", "text": "to do? They're going to be forced to buy"}, {"start": "00:00:12", "end": "00:00:14", "text": "higher. They're going to be forced to"}, {"start": "00:00:13", "end": "00:00:16", "text": "say, \"You know what? I missed the"}, {"start": "00:00:14", "end": "00:00:18", "text": "bottom, and now I have to buy 100%"}, {"start": "00:00:16", "end": "00:00:20", "text": "higher for Bitcoin, or hundreds of"}, {"start": "00:00:18", "end": "00:00:21", "text": "percent higher for the altcoins that I"}, {"start": "00:00:20", "end": "00:00:22", "text": "was hoping to buy.\" And they'll FOMO in,"}, {"start": "00:00:21", "end": "00:00:23", "text": "because they'll understand, \"Hey, look,"}, {"start": "00:00:22", "end": "00:00:24", "text": ">> [gasps]"}, {"start": "00:00:23", "end": "00:00:25", "text": ">> you know what? I didn't perfectly time"}, {"start": "00:00:24", "end": "00:00:27", "text": "the bottom, but I'm getting in early"}, {"start": "00:00:25", "end": "00:00:28", "text": "enough, because where we're going is"}, {"start": "00:00:27", "end": "00:00:30", "text": "going to go way, way higher. So, I'm"}, {"start": "00:00:28", "end": "00:00:33", "text": "going to only get a 10x instead of 30x"}, {"start": "00:00:30", "end": "00:00:33", "text": "out of this coin.\" Boo-boo."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Crypto's new"}, {"start": "00:00:02", "end": "00:00:05", "text": "memecoin casino. It's here. And look,"}, {"start": "00:00:04", "end": "00:00:07", "text": "everybody spent a lot of time telling"}, {"start": "00:00:05", "end": "00:00:09", "text": "you guys that meme coins were dead. Not"}, {"start": "00:00:07", "end": "00:00:10", "text": "me. Said greed's going to come back, but"}, {"start": "00:00:09", "end": "00:00:12", "text": "everyone else was telling you that the"}, {"start": "00:00:10", "end": "00:00:14", "text": "sector market cap went for $150 billion"}, {"start": "00:00:12", "end": "00:00:17", "text": "to $31 billion. Trumpcoin, of course,"}, {"start": "00:00:14", "end": "00:00:18", "text": "was the mass extraction event. Thanks,"}, {"start": "00:00:17", "end": "00:00:20", "text": "Don. Trumpcoin is the blowoff for the"}, {"start": "00:00:18", "end": "00:00:21", "text": "memecoin super cycle. Super cycle turned"}, {"start": "00:00:20", "end": "00:00:23", "text": "out to just be a very loud, very"}, {"start": "00:00:21", "end": "00:00:25", "text": "ordinary cycle, which they usually are."}, {"start": "00:00:23", "end": "00:00:26", "text": "Super cycles are extremely rare. And for"}, {"start": "00:00:25", "end": "00:00:28", "text": "the last year, that's kind of been the"}, {"start": "00:00:26", "end": "00:00:30", "text": "gospel on Twitter. the old VC"}, {"start": "00:00:28", "end": "00:00:32", "text": "infrastructure, the retail bag cycle is"}, {"start": "00:00:30", "end": "00:00:34", "text": "pretty dead. The token is the product."}, {"start": "00:00:32", "end": "00:00:35", "text": "Culture beats smart contracts and all"}, {"start": "00:00:34", "end": "00:00:37", "text": "that kind of stuff. Here's the problem"}, {"start": "00:00:35", "end": "00:00:39", "text": "with that take. It wasn't wrong about"}, {"start": "00:00:37", "end": "00:00:40", "text": "permanence. It was wrong about what"}, {"start": "00:00:39", "end": "00:00:42", "text": "permanence"}, {"start": "00:00:40", "end": "00:00:44", "text": "meant. Because the thing that was"}, {"start": "00:00:42", "end": "00:00:46", "text": "actually true in the thesis of a"}, {"start": "00:00:44", "end": "00:00:48", "text": "memecoin cir super cycle here is that"}, {"start": "00:00:46", "end": "00:00:50", "text": "attention is the product and that never"}, {"start": "00:00:48", "end": "00:00:53", "text": "went anywhere. What changed is what the"}, {"start": "00:00:50", "end": "00:00:55", "text": "attention attaches to and it's not"}, {"start": "00:00:53", "end": "00:00:59", "text": "attaching to dogs on Salana right now."}, {"start": "00:00:55", "end": "00:01:01", "text": "Right now, the big trade memes fusing"}, {"start": "00:00:59", "end": "00:01:04", "text": "themselves with real stock tickers, real"}, {"start": "00:01:01", "end": "00:01:06", "text": "CEOs, real short floats, real tokenized"}, {"start": "00:01:04", "end": "00:01:08", "text": "shares, culture plus a secondary asset."}, {"start": "00:01:06", "end": "00:01:10", "text": "That's a new story. That's a new"}, {"start": "00:01:08", "end": "00:01:11", "text": "feedback loop. And it's been the big"}, {"start": "00:01:10", "end": "00:01:13", "text": "story for the past two or three months."}, {"start": "00:01:11", "end": "00:01:15", "text": "So, there's some oh moments you can"}, {"start": "00:01:13", "end": "00:01:16", "text": "think of here because people are going"}, {"start": "00:01:15", "end": "00:01:18", "text": "to look, oh, I like the meme. I like"}, {"start": "00:01:16", "end": "00:01:20", "text": "Bonercoin. That's funny. Oh, it's"}, {"start": "00:01:18", "end": "00:01:22", "text": "connected to a stock. That's"}, {"start": "00:01:20", "end": "00:01:24", "text": "interesting. Oh, the CEO of that stock,"}, {"start": "00:01:22", "end": "00:01:25", "text": "he also likes the meme. Oh, there's a"}, {"start": "00:01:24", "end": "00:01:27", "text": "massive short position on this and that"}, {"start": "00:01:25", "end": "00:01:29", "text": "we could GME, you know, GameStop this"}, {"start": "00:01:27", "end": "00:01:31", "text": "one. Interesting. Oh, the meme can"}, {"start": "00:01:29", "end": "00:01:33", "text": "actually squeeze the version, the"}, {"start": "00:01:31", "end": "00:01:35", "text": "tokenized version of that stock. Oh,"}, {"start": "00:01:33", "end": "00:01:36", "text": "okay. Right. And the official 2026"}, {"start": "00:01:35", "end": "00:01:37", "text": "narrative, of course, right now and"}, {"start": "00:01:36", "end": "00:01:40", "text": "probably in the next few years is"}, {"start": "00:01:37", "end": "00:01:42", "text": "tokenization of real world assets. 24/7"}, {"start": "00:01:40", "end": "00:01:45", "text": "stock trading, man. And the memes are an"}, {"start": "00:01:42", "end": "00:01:46", "text": "absurd representation of this narrative."}, {"start": "00:01:45", "end": "00:01:48", "text": "Now, two venues right now are making"}, {"start": "00:01:46", "end": "00:01:49", "text": "this happen. Of course, you have Salana,"}, {"start": "00:01:48", "end": "00:01:51", "text": "still the fastest memecoin factory on"}, {"start": "00:01:49", "end": "00:01:53", "text": "Earth. You have Pump Fun. You have"}, {"start": "00:01:51", "end": "00:01:55", "text": "Radium. You have Jupiter. You have Stonk"}, {"start": "00:01:53", "end": "00:01:57", "text": "fund all churning in in the crazy all"}, {"start": "00:01:55", "end": "00:01:59", "text": "participating in economic success."}, {"start": "00:01:57", "end": "00:02:01", "text": "Salana also had tokenized equities first"}, {"start": "00:01:59", "end": "00:02:02", "text": "through platforms like XStocks. Hundreds"}, {"start": "00:02:01", "end": "00:02:04", "text": "of millions dollars in volume huge"}, {"start": "00:02:02", "end": "00:02:06", "text": "activity in the hours when Wall Street"}, {"start": "00:02:04", "end": "00:02:08", "text": "is closed. Now briefly lost the memecoin"}, {"start": "00:02:06", "end": "00:02:11", "text": "crown when Binance chain and Robin Hood"}, {"start": "00:02:08", "end": "00:02:13", "text": "invented the meme/stock pairing trick"}, {"start": "00:02:11", "end": "00:02:16", "text": "then claw it back with pairs against"}, {"start": "00:02:13", "end": "00:02:18", "text": "Zcash like ZCAT which was launched by"}, {"start": "00:02:16", "end": "00:02:20", "text": "Stokon or the Bitcoin one buy the cat"}, {"start": "00:02:18", "end": "00:02:22", "text": "where you can hold it and get Bitcoin"}, {"start": "00:02:20", "end": "00:02:24", "text": "wrapped Bitcoin to your Salana wallet."}, {"start": "00:02:22", "end": "00:02:26", "text": "Now that's Salana. Robin Hood chain of"}, {"start": "00:02:24", "end": "00:02:29", "text": "course is the real story right now."}, {"start": "00:02:26", "end": "00:02:32", "text": "Launched right around uh July 2026 built"}, {"start": "00:02:29", "end": "00:02:34", "text": "as a tokenized stock layer 2 and within"}, {"start": "00:02:32", "end": "00:02:36", "text": "days of course memes aided alive which"}, {"start": "00:02:34", "end": "00:02:38", "text": "is actually a good thing early momentum"}, {"start": "00:02:36", "end": "00:02:41", "text": "on chain. A coin riffing on Robin Hood's"}, {"start": "00:02:38", "end": "00:02:42", "text": "old mascot did 9 figure market cap"}, {"start": "00:02:41", "end": "00:02:43", "text": "that's cash cap while the actual"}, {"start": "00:02:42", "end": "00:02:45", "text": "tokenized real world assets were a"}, {"start": "00:02:43", "end": "00:02:47", "text": "rounding air. Vlad Tennant basically"}, {"start": "00:02:45", "end": "00:02:49", "text": "shrugged and said yeah hey works for me"}, {"start": "00:02:47", "end": "00:02:51", "text": "too. Do whatever you guys want. Just do"}, {"start": "00:02:49", "end": "00:02:53", "text": "something there. build launchpad sprang"}, {"start": "00:02:51", "end": "00:02:55", "text": "up letting anyone mint a meme paired"}, {"start": "00:02:53", "end": "00:02:56", "text": "directly against tokenized stocks. So we"}, {"start": "00:02:55", "end": "00:02:59", "text": "had tokenized Nvidia, tokenized Tesla,"}, {"start": "00:02:56", "end": "00:03:01", "text": "AMC, HIMS, right? Bonercoin and HIMS."}, {"start": "00:02:59", "end": "00:03:03", "text": "And the loop is kind of beautiful in a"}, {"start": "00:03:01", "end": "00:03:06", "text": "horrifying way. You see, meme demand"}, {"start": "00:03:03", "end": "00:03:07", "text": "buys the stock token into the liquidity"}, {"start": "00:03:06", "end": "00:03:09", "text": "pool. Stock token volume spikes. The"}, {"start": "00:03:07", "end": "00:03:11", "text": "chain looks alive, which pulls in more"}, {"start": "00:03:09", "end": "00:03:13", "text": "memes. On some days, meme trading volume"}, {"start": "00:03:11", "end": "00:03:14", "text": "has actually outpaced trading and the"}, {"start": "00:03:13", "end": "00:03:16", "text": "underlying stock tokens themselves,"}, {"start": "00:03:14", "end": "00:03:18", "text": "which is pretty crazy. So here's the"}, {"start": "00:03:16", "end": "00:03:19", "text": "mechanism. Very interesting because this"}, {"start": "00:03:18", "end": "00:03:21", "text": "is the part that actually matters. Your"}, {"start": "00:03:19", "end": "00:03:23", "text": "old school memecoin just paired against"}, {"start": "00:03:21", "end": "00:03:25", "text": "Salana or a stable coin. Picture of a"}, {"start": "00:03:23", "end": "00:03:27", "text": "dog. That's it. Boom. I like dogs so I"}, {"start": "00:03:25", "end": "00:03:29", "text": "should buy it. New meme coins. They're"}, {"start": "00:03:27", "end": "00:03:31", "text": "paired against tokenized stocks or"}, {"start": "00:03:29", "end": "00:03:33", "text": "against crypto assets like Zcash or"}, {"start": "00:03:31", "end": "00:03:35", "text": "Bitcoin. When you buy the meme, you're"}, {"start": "00:03:33", "end": "00:03:37", "text": "often buying the pair asset straight"}, {"start": "00:03:35", "end": "00:03:40", "text": "into the pool. And when you hold the"}, {"start": "00:03:37", "end": "00:03:43", "text": "meme, you get airdrops of Zcash or"}, {"start": "00:03:40", "end": "00:03:45", "text": "Bitcoin or Nvidia. Hold long enough and"}, {"start": "00:03:43", "end": "00:03:47", "text": "that pair asset gets locked up. A float"}, {"start": "00:03:45", "end": "00:03:48", "text": "squeeze happens. But on chain, some of"}, {"start": "00:03:47", "end": "00:03:49", "text": "these of course tax every trade and then"}, {"start": "00:03:48", "end": "00:03:51", "text": "drip the pair assets back to the holders"}, {"start": "00:03:49", "end": "00:03:52", "text": "as I mentioned here. So it's important"}, {"start": "00:03:51", "end": "00:03:53", "text": "to know what you're buying. They're not"}, {"start": "00:03:52", "end": "00:03:54", "text": "all created the same. They're not all"}, {"start": "00:03:53", "end": "00:03:56", "text": "doing the same thing. Again, the"}, {"start": "00:03:54", "end": "00:03:57", "text": "textbook example here is Boner. And"}, {"start": "00:03:56", "end": "00:03:59", "text": "again, I'm not saying to buy Boner. It's"}, {"start": "00:03:57", "end": "00:04:01", "text": "just a funny coin. So why wouldn't you"}, {"start": "00:03:59", "end": "00:04:03", "text": "laugh about it, right? And it's paired"}, {"start": "00:04:01", "end": "00:04:05", "text": "against tokenized HIMS because HIMS"}, {"start": "00:04:03", "end": "00:04:07", "text": "sells erectile dysfunction medication."}, {"start": "00:04:05", "end": "00:04:09", "text": "The joke writes itself, right? At its"}, {"start": "00:04:07", "end": "00:04:11", "text": "peak, this one meme's uh liquidity pool"}, {"start": "00:04:09", "end": "00:04:13", "text": "held more than half of all the tokenized"}, {"start": "00:04:11", "end": "00:04:14", "text": "HIMYM shares that existed on the entire"}, {"start": "00:04:13", "end": "00:04:15", "text": "chain. They just issued more shares, so"}, {"start": "00:04:14", "end": "00:04:17", "text": "it kind of diluted it. But you can see"}, {"start": "00:04:15", "end": "00:04:18", "text": "the impact, right? That happened on a"}, {"start": "00:04:17", "end": "00:04:20", "text": "Sunday when the real New York Stock"}, {"start": "00:04:18", "end": "00:04:21", "text": "Exchange was closed. The tokenized"}, {"start": "00:04:20", "end": "00:04:23", "text": "version printed four times the Friday"}, {"start": "00:04:21", "end": "00:04:24", "text": "closing price. Monday morning, the"}, {"start": "00:04:23", "end": "00:04:26", "text": "actual stock barely moved because again,"}, {"start": "00:04:24", "end": "00:04:29", "text": "they just issued more stocks out. So,"}, {"start": "00:04:26", "end": "00:04:30", "text": "the onchain variation. So, the onchain"}, {"start": "00:04:29", "end": "00:04:32", "text": "float is not the New York Stock Exchange"}, {"start": "00:04:30", "end": "00:04:33", "text": "float. But the story is starting to get"}, {"start": "00:04:32", "end": "00:04:35", "text": "very, very interesting. And to their"}, {"start": "00:04:33", "end": "00:04:37", "text": "credit, the people behind Boner admit"}, {"start": "00:04:35", "end": "00:04:38", "text": "openly on their own site that the total"}, {"start": "00:04:37", "end": "00:04:40", "text": "tokenized supply is tiny fraction of the"}, {"start": "00:04:38", "end": "00:04:42", "text": "real short interest in HIMS. The squeeze"}, {"start": "00:04:40", "end": "00:04:45", "text": "story is 99% narrative and maybe 1%"}, {"start": "00:04:42", "end": "00:04:46", "text": "actual mechanics. But that could change"}, {"start": "00:04:45", "end": "00:04:48", "text": "because if enough money starts coming on"}, {"start": "00:04:46", "end": "00:04:49", "text": "chain, enough retail starts coming back,"}, {"start": "00:04:48", "end": "00:04:51", "text": "we could actually see squeezes on some"}, {"start": "00:04:49", "end": "00:04:52", "text": "of these shorted stocks. Oh man, Wall"}, {"start": "00:04:51", "end": "00:04:54", "text": "Street's going to be pissed off with"}, {"start": "00:04:52", "end": "00:04:55", "text": "crypto when that happens. Look what they"}, {"start": "00:04:54", "end": "00:04:56", "text": "did with GameStop and AMC. They lost"}, {"start": "00:04:55", "end": "00:04:58", "text": "their [�__�] Guess what they're going to"}, {"start": "00:04:56", "end": "00:04:59", "text": "do when crypto does it? Now look, this"}, {"start": "00:04:58", "end": "00:05:02", "text": "is all not a bug. It's the entire point."}, {"start": "00:04:59", "end": "00:05:04", "text": "It's the most absurd possible costume"}, {"start": "00:05:02", "end": "00:05:06", "text": "for realworld narratives to wear. We"}, {"start": "00:05:04", "end": "00:05:08", "text": "brought real world assets on chain and"}, {"start": "00:05:06", "end": "00:05:10", "text": "what did crypto natives do? we issued"}, {"start": "00:05:08", "end": "00:05:12", "text": "bonercoin man"}, {"start": "00:05:10", "end": "00:05:14", "text": "salon is running the same trick with"}, {"start": "00:05:12", "end": "00:05:15", "text": "different quote assets. So, uh, you've"}, {"start": "00:05:14", "end": "00:05:17", "text": "got, you know, Ston Fund, which has"}, {"start": "00:05:15", "end": "00:05:19", "text": "brought out a lot. They've also got"}, {"start": "00:05:17", "end": "00:05:21", "text": "stock pairings, right? But we've seen a"}, {"start": "00:05:19", "end": "00:05:24", "text": "bigger move of crypto paired assets,"}, {"start": "00:05:21", "end": "00:05:26", "text": "Zcat against Zcash. So, you have Zcat in"}, {"start": "00:05:24", "end": "00:05:28", "text": "your wallet, you get Ze uh, drops to"}, {"start": "00:05:26", "end": "00:05:30", "text": "you, tax the trades, and stream Zcash"}, {"start": "00:05:28", "end": "00:05:31", "text": "into your wallet, right? You hold the"}, {"start": "00:05:30", "end": "00:05:33", "text": "cat, you get paid in privacy coin. And"}, {"start": "00:05:31", "end": "00:05:35", "text": "it rode Zcash's own rally to real size,"}, {"start": "00:05:33", "end": "00:05:36", "text": "too. It went up from, you know, 0 to"}, {"start": "00:05:35", "end": "00:05:37", "text": "$100 million in a short amount of time,"}, {"start": "00:05:36", "end": "00:05:39", "text": "you know? There's a Bitcoin equivalent,"}, {"start": "00:05:37", "end": "00:05:41", "text": "there's a radium equivalent, there's a"}, {"start": "00:05:39", "end": "00:05:43", "text": "Salana equivalent, there's even one for"}, {"start": "00:05:41", "end": "00:05:44", "text": "Stonk Fun itself, which is knots, which"}, {"start": "00:05:43", "end": "00:05:45", "text": "is Stonk spelled backwards. All kinds of"}, {"start": "00:05:44", "end": "00:05:46", "text": "stuff. Again, I'm not saying to buy any"}, {"start": "00:05:45", "end": "00:05:49", "text": "of this [�__�] You should go do your own"}, {"start": "00:05:46", "end": "00:05:50", "text": "research or use, of course, our sweet AI"}, {"start": "00:05:49", "end": "00:05:52", "text": "agent on the air circle. 7-day free"}, {"start": "00:05:50", "end": "00:05:54", "text": "trial link down below. The launchpad,"}, {"start": "00:05:52", "end": "00:05:55", "text": "Stonk Fun. Okay, so maybe you don't want"}, {"start": "00:05:54", "end": "00:05:57", "text": "to gamble on the individual tables. You"}, {"start": "00:05:55", "end": "00:05:59", "text": "want to own Luxum. Well, Stonk Fun lets"}, {"start": "00:05:57", "end": "00:06:01", "text": "you pick whatever is pumping as your"}, {"start": "00:05:59", "end": "00:06:03", "text": "quote asset, stock, Zcash, whatever. So,"}, {"start": "00:06:01", "end": "00:06:04", "text": "how do you actually think about playing"}, {"start": "00:06:03", "end": "00:06:06", "text": "this without pretending you have a"}, {"start": "00:06:04", "end": "00:06:08", "text": "crystal ball? If you're an American,"}, {"start": "00:06:06", "end": "00:06:09", "text": "this is for you. Offshore crypto"}, {"start": "00:06:08", "end": "00:06:11", "text": "platforms, some of them are ticking time"}, {"start": "00:06:09", "end": "00:06:13", "text": "bomb. Trading perpetual swaps through"}, {"start": "00:06:11", "end": "00:06:15", "text": "VPNs is asking for frozen assets. That"}, {"start": "00:06:13", "end": "00:06:17", "text": "nonsense is officially over. See,"}, {"start": "00:06:15", "end": "00:06:20", "text": "longing and shorting crypto now 100%"}, {"start": "00:06:17", "end": "00:06:22", "text": "legal on US soil thanks to Kshi. Fully"}, {"start": "00:06:20", "end": "00:06:24", "text": "regulated by the CFTC with direct US"}, {"start": "00:06:22", "end": "00:06:25", "text": "bank rails and up to 6x leverage on all"}, {"start": "00:06:24", "end": "00:06:27", "text": "your favorite coins like Bitcoin,"}, {"start": "00:06:25", "end": "00:06:29", "text": "Ethereum, and Salana. Zero workarounds,"}, {"start": "00:06:27", "end": "00:06:31", "text": "zero BS, zero offshore counterparty"}, {"start": "00:06:29", "end": "00:06:34", "text": "risk. Look, most venues will also bleed"}, {"start": "00:06:31", "end": "00:06:35", "text": "you dry on the fees. But when you sign"}, {"start": "00:06:34", "end": "00:06:36", "text": "up using the link down below, and this"}, {"start": "00:06:35", "end": "00:06:38", "text": "is exclusive. When you use that link"}, {"start": "00:06:36", "end": "00:06:39", "text": "down below, you're not going to get this"}, {"start": "00:06:38", "end": "00:06:42", "text": "deal anywhere else. You instantly lock"}, {"start": "00:06:39", "end": "00:06:44", "text": "in a rock bottom 0.01%"}, {"start": "00:06:42", "end": "00:06:45", "text": "fee tier. That's crazy. Keeping pure"}, {"start": "00:06:44", "end": "00:06:48", "text": "profit in your account. Better yet,"}, {"start": "00:06:45", "end": "00:06:50", "text": "better trade $50, which is like one"}, {"start": "00:06:48", "end": "00:06:52", "text": "trade, and you get 25 bucks for free."}, {"start": "00:06:50", "end": "00:06:54", "text": "That's an immediate 50% return before"}, {"start": "00:06:52", "end": "00:06:55", "text": "you even place a winning trade. Hit the"}, {"start": "00:06:54", "end": "00:06:58", "text": "link down below, grab your free 25"}, {"start": "00:06:55", "end": "00:07:00", "text": "bucks, and you can long and short crypto"}, {"start": "00:06:58", "end": "00:07:00", "text": "legally. No problems. No BS. Go get it."}, {"start": "00:07:00", "end": "00:07:03", "text": "Let's look at some different buckets."}, {"start": "00:07:00", "end": "00:07:04", "text": "Bucket one, the casinos, the chains, and"}, {"start": "00:07:03", "end": "00:07:06", "text": "the launchpads themselves. Or even the"}, {"start": "00:07:04", "end": "00:07:07", "text": "equity behind Robin. I own Robin Hood"}, {"start": "00:07:06", "end": "00:07:09", "text": "stock, by the way. You know, the fee"}, {"start": "00:07:07", "end": "00:07:11", "text": "printing launchpads, that's Stonk Fun,"}, {"start": "00:07:09", "end": "00:07:13", "text": "that's Pawns, all that kind of stuff. Or"}, {"start": "00:07:11", "end": "00:07:15", "text": "you could buy the infrastructure, unis"}, {"start": "00:07:13", "end": "00:07:18", "text": "swap, radium, okay, unis swap on Robin"}, {"start": "00:07:15", "end": "00:07:21", "text": "Hood chain, radium on Salana. There are"}, {"start": "00:07:18", "end": "00:07:22", "text": "what are routing all the trading volume,"}, {"start": "00:07:21", "end": "00:07:24", "text": "okay? And they both have token buyback"}, {"start": "00:07:22", "end": "00:07:26", "text": "models. All these things have token"}, {"start": "00:07:24", "end": "00:07:29", "text": "buyback models. This is the new meta in"}, {"start": "00:07:26", "end": "00:07:31", "text": "crypto. So, UniS swap, Radium, Salana,"}, {"start": "00:07:29", "end": "00:07:33", "text": "Pawn, Songfun, these guys get paid"}, {"start": "00:07:31", "end": "00:07:34", "text": "whether your specific memecoin goes to"}, {"start": "00:07:33", "end": "00:07:36", "text": "zero or not. Now, bucket two of course"}, {"start": "00:07:34", "end": "00:07:38", "text": "is the meme coins themselves. You have"}, {"start": "00:07:36", "end": "00:07:39", "text": "high variance lottery tickets with a"}, {"start": "00:07:38", "end": "00:07:41", "text": "better story than putting a dog on a"}, {"start": "00:07:39", "end": "00:07:42", "text": "blockchain, but they're still lottery"}, {"start": "00:07:41", "end": "00:07:44", "text": "tickets. You need to treat them as such."}, {"start": "00:07:42", "end": "00:07:46", "text": "So, if you're gambling on individual"}, {"start": "00:07:44", "end": "00:07:48", "text": "memes, please, you have to understand"}, {"start": "00:07:46", "end": "00:07:49", "text": "the risk that you're taking. There are"}, {"start": "00:07:48", "end": "00:07:50", "text": "rewards, but most people lose money. And"}, {"start": "00:07:49", "end": "00:07:52", "text": "then three, of course, the"}, {"start": "00:07:50", "end": "00:07:54", "text": "infrastructure. And look, we mentioned"}, {"start": "00:07:52", "end": "00:07:57", "text": "this a bit, but that infrastructure"}, {"start": "00:07:54", "end": "00:07:59", "text": "layer is incredibly important. You know,"}, {"start": "00:07:57", "end": "00:08:01", "text": "the unis swap, the radium, stuff like"}, {"start": "00:07:59", "end": "00:08:02", "text": "this. It's kind of less sexy than, okay,"}, {"start": "00:08:01", "end": "00:08:04", "text": "I made a bunch of money off a boner"}, {"start": "00:08:02", "end": "00:08:05", "text": "coin, but these are the ones that kind"}, {"start": "00:08:04", "end": "00:08:07", "text": "of are the slow winners, right? And"}, {"start": "00:08:05", "end": "00:08:08", "text": "again, we're still early. We're still"}, {"start": "00:08:07", "end": "00:08:10", "text": "early in the cycle, so we probably have"}, {"start": "00:08:08", "end": "00:08:12", "text": "a lot of potential for these. There'll"}, {"start": "00:08:10", "end": "00:08:13", "text": "be big disgusting corrections multiple"}, {"start": "00:08:12", "end": "00:08:15", "text": "times along the way, but we're"}, {"start": "00:08:13", "end": "00:08:17", "text": "relatively early. And don't write off"}, {"start": "00:08:15", "end": "00:08:18", "text": "some of the old guard memes. I mean,"}, {"start": "00:08:17", "end": "00:08:19", "text": "think like some like like Pepe or"}, {"start": "00:08:18", "end": "00:08:21", "text": "something might still come back. Bonk"}, {"start": "00:08:19", "end": "00:08:22", "text": "might still come back, but they have the"}, {"start": "00:08:21", "end": "00:08:23", "text": "liquidity, they have the exchange"}, {"start": "00:08:22", "end": "00:08:25", "text": "listings, they still have a community."}, {"start": "00:08:23", "end": "00:08:27", "text": "But honestly, I'm much less interested"}, {"start": "00:08:25", "end": "00:08:29", "text": "in old memes. I only hold Pepe as an old"}, {"start": "00:08:27", "end": "00:08:30", "text": "meme, and I'm not sure I'd want to buy"}, {"start": "00:08:29", "end": "00:08:32", "text": "other old memes. And you're going to buy"}, {"start": "00:08:30", "end": "00:08:33", "text": "Dogecoin, you know, yeah, there'll be a"}, {"start": "00:08:32", "end": "00:08:34", "text": "moment when that that thing pumps and"}, {"start": "00:08:33", "end": "00:08:36", "text": "it'll have its moment in the sun as it"}, {"start": "00:08:34", "end": "00:08:38", "text": "does every four, five, six years. But"}, {"start": "00:08:36", "end": "00:08:40", "text": "stock paired coins are the new product"}, {"start": "00:08:38", "end": "00:08:42", "text": "innovation. The old memes are kind of a"}, {"start": "00:08:40", "end": "00:08:43", "text": "bit boring. Now, there's one more part"}, {"start": "00:08:42", "end": "00:08:45", "text": "here, and you need to hear this, okay? A"}, {"start": "00:08:43", "end": "00:08:47", "text": "tokenized stock is not the stock. You"}, {"start": "00:08:45", "end": "00:08:48", "text": "don't get shareholder rights. don't get"}, {"start": "00:08:47", "end": "00:08:50", "text": "minting uh and redemption because"}, {"start": "00:08:48", "end": "00:08:52", "text": "they're often gated through the issuer."}, {"start": "00:08:50", "end": "00:08:54", "text": "The weekend premiums, they evaporate the"}, {"start": "00:08:52", "end": "00:08:56", "text": "second the real market opens back up. A"}, {"start": "00:08:54", "end": "00:08:58", "text": "50,000 share wrapped position does not"}, {"start": "00:08:56", "end": "00:09:01", "text": "squeeze a 200 million share float. The"}, {"start": "00:08:58", "end": "00:09:03", "text": "math so far is just marketing. Can that"}, {"start": "00:09:01", "end": "00:09:05", "text": "change in the future? Damn right it can."}, {"start": "00:09:03", "end": "00:09:07", "text": "That can really happen. But we need more"}, {"start": "00:09:05", "end": "00:09:10", "text": "money behind real narratives. Like you"}, {"start": "00:09:07", "end": "00:09:12", "text": "need a billion bucks to plow into the"}, {"start": "00:09:10", "end": "00:09:14", "text": "HIMS boner coin, right? Then things"}, {"start": "00:09:12", "end": "00:09:15", "text": "might get interesting. We could have a"}, {"start": "00:09:14", "end": "00:09:17", "text": "real short squeeze in that situation."}, {"start": "00:09:15", "end": "00:09:19", "text": "New pairs launch of course by the hour"}, {"start": "00:09:17", "end": "00:09:21", "text": "and today's hot coin is tomorrow's ghost"}, {"start": "00:09:19", "end": "00:09:23", "text": "coin. You see this a lot so be careful"}, {"start": "00:09:21", "end": "00:09:25", "text": "what you're buying. Uh by the way, Robin"}, {"start": "00:09:23", "end": "00:09:27", "text": "Hood's gas subsidy is set to expire like"}, {"start": "00:09:25", "end": "00:09:29", "text": "next week or something and that may be"}, {"start": "00:09:27", "end": "00:09:30", "text": "the first real stress test whether or"}, {"start": "00:09:29", "end": "00:09:33", "text": "not any of this volume can really"}, {"start": "00:09:30", "end": "00:09:34", "text": "maintain itself. We'll see. So treat any"}, {"start": "00:09:33", "end": "00:09:36", "text": "of these kind of investments just"}, {"start": "00:09:34", "end": "00:09:38", "text": "entertainment money, right? Don't put"}, {"start": "00:09:36", "end": "00:09:40", "text": "your life savings into these extremely"}, {"start": "00:09:38", "end": "00:09:42", "text": "speculative things. If you're investing,"}, {"start": "00:09:40", "end": "00:09:44", "text": "keep it smart. The bulk of your funds"}, {"start": "00:09:42", "end": "00:09:47", "text": "should be in safe stuff. index funds,"}, {"start": "00:09:44", "end": "00:09:49", "text": "Bitcoin, Ethereum, Salana, gold,"}, {"start": "00:09:47", "end": "00:09:51", "text": "whatever, right? Or this extremely"}, {"start": "00:09:49", "end": "00:09:52", "text": "entertaining stuff. Just size"}, {"start": "00:09:51", "end": "00:09:54", "text": "accordingly. Take profits under strength"}, {"start": "00:09:52", "end": "00:09:55", "text": "and don't fall in love with it, man."}, {"start": "00:09:54", "end": "00:09:57", "text": "Don't fall in love with any of this"}, {"start": "00:09:55", "end": "00:09:58", "text": "[�__�] These things are hot messes full"}, {"start": "00:09:57", "end": "00:10:00", "text": "of more red flags than you possibly"}, {"start": "00:09:58", "end": "00:10:02", "text": "imagine. You know, this is like getting"}, {"start": "00:10:00", "end": "00:10:03", "text": "together with a stripper in Vegas. Like,"}, {"start": "00:10:02", "end": "00:10:06", "text": "yeah, it's probably fun for a few days,"}, {"start": "00:10:03", "end": "00:10:08", "text": "but you have to realize what the reality"}, {"start": "00:10:06", "end": "00:10:10", "text": "of the gut situation is, man. Like, this"}, {"start": "00:10:08", "end": "00:10:13", "text": "is not the girl you're necessarily going"}, {"start": "00:10:10", "end": "00:10:13", "text": "to take home to mom, is it?"}, {"start": "00:10:14", "end": "00:10:17", "text": "Anyway, that's that conversation."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "Look, there is a Bitcoin signal with a"}, {"start": "00:00:02", "end": "00:00:06", "text": "100% hit rate that just fired again."}, {"start": "00:00:05", "end": "00:00:09", "text": "Now, this is like how many of these have"}, {"start": "00:00:06", "end": "00:00:11", "text": "we seen now? The two-week MACD, the"}, {"start": "00:00:09", "end": "00:00:13", "text": "Gaussian channel, and all kinds of other"}, {"start": "00:00:11", "end": "00:00:14", "text": "stuff. Well, we got another one for you,"}, {"start": "00:00:13", "end": "00:00:16", "text": "and the confluence of everything we're"}, {"start": "00:00:14", "end": "00:00:19", "text": "seeing come together here right now is"}, {"start": "00:00:16", "end": "00:00:21", "text": "absolutely nuts because every time that"}, {"start": "00:00:19", "end": "00:00:23", "text": "these indicators have fired, it has said"}, {"start": "00:00:21", "end": "00:00:26", "text": "the bottom is definitely in, and we're"}, {"start": "00:00:23", "end": "00:00:28", "text": "going up substantially over the next 18"}, {"start": "00:00:26", "end": "00:00:29", "text": "to 24 months or whatever. Oh, there'll"}, {"start": "00:00:28", "end": "00:00:30", "text": "be big corrections along the way. Oh,"}, {"start": "00:00:29", "end": "00:00:31", "text": "there'll be drawdowns, all that kind of"}, {"start": "00:00:30", "end": "00:00:34", "text": "yeah. Sure, that's what happens every"}, {"start": "00:00:31", "end": "00:00:34", "text": "time."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Well, everybody, we did it. And I got to"}, {"start": "00:00:02", "end": "00:00:06", "text": "tell you, these bare markets, sometimes"}, {"start": "00:00:04", "end": "00:00:08", "text": "they can be brutal. Even though we"}, {"start": "00:00:06", "end": "00:00:10", "text": "didn't go down like we did in 2022, just"}, {"start": "00:00:08", "end": "00:00:12", "text": "to be throwing that sand in the ocean as"}, {"start": "00:00:10", "end": "00:00:14", "text": "we dollar cost average every week,"}, {"start": "00:00:12", "end": "00:00:16", "text": "wondering to ourselves when will this"}, {"start": "00:00:14", "end": "00:00:17", "text": "actually pay off? Well, that day is"}, {"start": "00:00:16", "end": "00:00:20", "text": "today. Now, anything can happen in the"}, {"start": "00:00:17", "end": "00:00:22", "text": "future. We can say that uh this time is"}, {"start": "00:00:20", "end": "00:00:24", "text": "is a pretty good time to be a bare"}, {"start": "00:00:22", "end": "00:00:26", "text": "market buyer as we've gone to that whole"}, {"start": "00:00:24", "end": "00:00:28", "text": "rigomearo of going from people saying,"}, {"start": "00:00:26", "end": "00:00:30", "text": "\"Why are you buying right now? this is"}, {"start": "00:00:28", "end": "00:00:31", "text": "nothing that you should be getting into."}, {"start": "00:00:30", "end": "00:00:33", "text": "And of course, there's going to be"}, {"start": "00:00:31", "end": "00:00:35", "text": "different things that are are happening."}, {"start": "00:00:33", "end": "00:00:36", "text": "So, maybe just need to wait. And of"}, {"start": "00:00:35", "end": "00:00:39", "text": "course, the ones that were dollar cost"}, {"start": "00:00:36", "end": "00:00:41", "text": "averaging worked out pretty well. Feels"}, {"start": "00:00:39", "end": "00:00:42", "text": "pretty good. But again, anything can"}, {"start": "00:00:41", "end": "00:00:45", "text": "happen in the next couple of weeks and"}, {"start": "00:00:42", "end": "00:00:47", "text": "months and years ahead of us. But I have"}, {"start": "00:00:45", "end": "00:00:49", "text": "to tell you, things feel pretty good"}, {"start": "00:00:47", "end": "00:00:51", "text": "today. And we've almost got three"}, {"start": "00:00:49", "end": "00:00:53", "text": "trillion as far as a total market cap in"}, {"start": "00:00:51", "end": "00:00:56", "text": "play. So I just want to say"}, {"start": "00:00:53", "end": "00:00:59", "text": "congratulations to everybody who went"}, {"start": "00:00:56", "end": "00:01:01", "text": "through this uh cycle with us and are"}, {"start": "00:00:59", "end": "00:01:03", "text": "reaping the rewards. You deserve it"}, {"start": "00:01:01", "end": "00:01:07", "text": "because you did the hard decision which"}, {"start": "00:01:03", "end": "00:01:11", "text": "was to keep moving forward even though"}, {"start": "00:01:07", "end": "00:01:11", "text": "there was a lot of negativity all"}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Well everybody, it's another great day"}, {"start": "00:00:01", "end": "00:00:06", "text": "to be in crypto digital assets. We are"}, {"start": "00:00:04", "end": "00:00:08", "text": "really taking off and things have not"}, {"start": "00:00:06", "end": "00:00:10", "text": "had a pullback as some people actually"}, {"start": "00:00:08", "end": "00:00:11", "text": "expected and it looks like things are"}, {"start": "00:00:10", "end": "00:00:14", "text": "going pretty well. So we can just see"}, {"start": "00:00:11", "end": "00:00:16", "text": "that of course across the board. Uh we"}, {"start": "00:00:14", "end": "00:00:19", "text": "got a nice little movement going"}, {"start": "00:00:16", "end": "00:00:22", "text": "forward. Also we did finally uh pass"}, {"start": "00:00:19", "end": "00:00:23", "text": "over the $3 trillion market cap. Now I"}, {"start": "00:00:22", "end": "00:00:25", "text": "thought it was actually going to happen"}, {"start": "00:00:23", "end": "00:00:27", "text": "uh last night. I think roughly it did."}, {"start": "00:00:25", "end": "00:00:30", "text": "This morning it really took off uh last"}, {"start": "00:00:27", "end": "00:00:33", "text": "24 hours or so. We're almost at 87K."}, {"start": "00:00:30", "end": "00:00:36", "text": "Well, 861 looking at Bitcoin. Ethereum"}, {"start": "00:00:33", "end": "00:00:40", "text": "itself almost hitting to the 27 maybe 33"}, {"start": "00:00:36", "end": "00:00:42", "text": "3K this week. Who knows? B&B XRP is up."}, {"start": "00:00:40", "end": "00:00:44", "text": "Tron is up. No, I did that back. Tron is"}, {"start": "00:00:42", "end": "00:00:46", "text": "actually down 0.3%. Oh, my poor"}, {"start": "00:00:44", "end": "00:00:48", "text": "portfolio. But don't worry, I'll be"}, {"start": "00:00:46", "end": "00:00:52", "text": "okay. Got some other good ones in there."}, {"start": "00:00:48", "end": "00:00:54", "text": "Dogecoin 8%. And look at this. Bitcoin"}, {"start": "00:00:52", "end": "00:00:58", "text": "Cash in the last is this 24 hours? Yeah,"}, {"start": "00:00:54", "end": "00:01:00", "text": "24 hours is up uh 20%."}, {"start": "00:00:58", "end": "00:01:02", "text": "And uh also we can see Avalanche taking"}, {"start": "00:01:00", "end": "00:01:05", "text": "a little bit of a of a pullback and I"}, {"start": "00:01:02", "end": "00:01:07", "text": "believe unis swap uh nice little 34%"}, {"start": "00:01:05", "end": "00:01:09", "text": "pump. Why is that? We'll talk about that"}, {"start": "00:01:07", "end": "00:01:11", "text": "in a second. But I got to tell you, as"}, {"start": "00:01:09", "end": "00:01:13", "text": "far as like uh Bitcoin goes, things are"}, {"start": "00:01:11", "end": "00:01:16", "text": "looking pretty great. And I think we had"}, {"start": "00:01:13", "end": "00:01:18", "text": "one of our not our all-time great"}, {"start": "00:01:16", "end": "00:01:22", "text": "inflows for the Bitcoin ETF, but I would"}, {"start": "00:01:18", "end": "00:01:23", "text": "say in the top five to seven as of uh"}, {"start": "00:01:22", "end": "00:01:26", "text": "yesterday, I don't you can see this. Let"}, {"start": "00:01:23", "end": "00:01:29", "text": "me just blow this up. you had roughly a"}, {"start": "00:01:26", "end": "00:01:30", "text": "billion dollars come into the ETF and"}, {"start": "00:01:29", "end": "00:01:32", "text": "over the course of a couple of weeks"}, {"start": "00:01:30", "end": "00:01:34", "text": "we've seen some pretty red days as"}, {"start": "00:01:32", "end": "00:01:35", "text": "people were unsure about what's"}, {"start": "00:01:34", "end": "00:01:38", "text": "happening but it seems like things have"}, {"start": "00:01:35", "end": "00:01:40", "text": "flipped the switch and uh that is quite"}, {"start": "00:01:38", "end": "00:01:43", "text": "an inflow matter of fact if we take a"}, {"start": "00:01:40", "end": "00:01:46", "text": "look at inflows across time the single"}, {"start": "00:01:43", "end": "00:01:48", "text": "biggest inflow day for the ETF was of"}, {"start": "00:01:46", "end": "00:01:50", "text": "course in the very beginning November"}, {"start": "00:01:48", "end": "00:01:52", "text": "7th 2024 well actually that was the that"}, {"start": "00:01:50", "end": "00:01:56", "text": "was the first year but November 7th"}, {"start": "00:01:52", "end": "00:01:58", "text": "almost 1.4 4 billion. So 1 billion as"}, {"start": "00:01:56", "end": "00:02:02", "text": "far as like an inflow is pretty great."}, {"start": "00:01:58", "end": "00:02:04", "text": "And that of course is monstrous numbers"}, {"start": "00:02:02", "end": "00:02:07", "text": "uh for Bitcoin and the digital asset"}, {"start": "00:02:04", "end": "00:02:10", "text": "market uh space in general. But I will"}, {"start": "00:02:07", "end": "00:02:15", "text": "say as far as like flows over time, we"}, {"start": "00:02:10", "end": "00:02:18", "text": "topped out around October 13th at a 62"}, {"start": "00:02:15", "end": "00:02:21", "text": "billion cumulative flow. But since then"}, {"start": "00:02:18", "end": "00:02:22", "text": "we've only done lower highs, which is"}, {"start": "00:02:21", "end": "00:02:25", "text": "fine. I mean, as long as it doesn't fall"}, {"start": "00:02:22", "end": "00:02:27", "text": "off the face of the planet. Here we have"}, {"start": "00:02:25", "end": "00:02:31", "text": "almost 60 billion at 59.8 and then more"}, {"start": "00:02:27", "end": "00:02:33", "text": "recently as of today roughly we're at 55"}, {"start": "00:02:31", "end": "00:02:35", "text": "billion. So not at that 62 level doesn't"}, {"start": "00:02:33", "end": "00:02:38", "text": "mean we can't see that but you know"}, {"start": "00:02:35", "end": "00:02:40", "text": "these are things that are happening and"}, {"start": "00:02:38", "end": "00:02:42", "text": "these are the bullishness. Problem with"}, {"start": "00:02:40", "end": "00:02:45", "text": "this bullishness especially coming out"}, {"start": "00:02:42", "end": "00:02:46", "text": "of you know left some some say they knew"}, {"start": "00:02:45", "end": "00:02:48", "text": "it the whole time and they knew of"}, {"start": "00:02:46", "end": "00:02:49", "text": "course it was going to pump on the exact"}, {"start": "00:02:48", "end": "00:02:51", "text": "minute and exact day. I don't think"}, {"start": "00:02:49", "end": "00:02:53", "text": "that's actually true."}, {"start": "00:02:51", "end": "00:02:56", "text": "But when we get these pumps like this,"}, {"start": "00:02:53", "end": "00:02:59", "text": "these are the things that happen. We're"}, {"start": "00:02:56", "end": "00:03:02", "text": "in extreme greed and that was fast and"}, {"start": "00:02:59", "end": "00:03:04", "text": "it was a big whipssaw. And doing into"}, {"start": "00:03:02", "end": "00:03:07", "text": "the extreme greed, I know people don't"}, {"start": "00:03:04", "end": "00:03:09", "text": "like me to talk about this. Uh, but you"}, {"start": "00:03:07", "end": "00:03:12", "text": "have to understand that I'm just here to"}, {"start": "00:03:09", "end": "00:03:14", "text": "try to give you a another side or"}, {"start": "00:03:12", "end": "00:03:16", "text": "another opinion about the things that"}, {"start": "00:03:14", "end": "00:03:19", "text": "are going on because it seems like when"}, {"start": "00:03:16", "end": "00:03:21", "text": "we're in the bare market, nothing can"}, {"start": "00:03:19", "end": "00:03:23", "text": "turn us around. And when we're in the"}, {"start": "00:03:21", "end": "00:03:25", "text": "bare market, people don't even want to"}, {"start": "00:03:23", "end": "00:03:26", "text": "want to buy anything. They don't want a"}, {"start": "00:03:25", "end": "00:03:28", "text": "dollar cost average. And that's fine."}, {"start": "00:03:26", "end": "00:03:32", "text": "They don't have to. I mean, I'm not"}, {"start": "00:03:28", "end": "00:03:33", "text": "anybody's uh financial advisor, but uh"}, {"start": "00:03:32", "end": "00:03:35", "text": "we did talk about this for quite some"}, {"start": "00:03:33", "end": "00:03:36", "text": "time. And I said, you know, this is"}, {"start": "00:03:35", "end": "00:03:39", "text": "where all the money's made in in the"}, {"start": "00:03:36", "end": "00:03:41", "text": "bare market. And now as we start to get"}, {"start": "00:03:39", "end": "00:03:44", "text": "extreme greed, I see everybody want"}, {"start": "00:03:41", "end": "00:03:47", "text": "wants to just throw things in. Case in"}, {"start": "00:03:44", "end": "00:03:48", "text": "point, talking to my mechanic and he"}, {"start": "00:03:47", "end": "00:03:50", "text": "says, \"Hey, what's up with this"}, {"start": "00:03:48", "end": "00:03:53", "text": "Bitcoin?\" And I was like, \"Oh, man. All"}, {"start": "00:03:50", "end": "00:03:55", "text": "right. Well, yeah, it's going up pretty"}, {"start": "00:03:53", "end": "00:03:57", "text": "well and you know, things could could go"}, {"start": "00:03:55", "end": "00:03:58", "text": "great. Of course, it could retrace, but"}, {"start": "00:03:57", "end": "00:03:59", "text": "he's like, \"Yeah, yeah. Also heard about"}, {"start": "00:03:58", "end": "00:04:03", "text": "this thing called Pepecoin.\" I'm like,"}, {"start": "00:03:59", "end": "00:04:04", "text": "\"Oh my god, here we go.\" So, just be"}, {"start": "00:04:03", "end": "00:04:07", "text": "aware that when you get those types of"}, {"start": "00:04:04", "end": "00:04:11", "text": "things, it's something to be"}, {"start": "00:04:07", "end": "00:04:12", "text": "concerned about. And you probably have a"}, {"start": "00:04:11", "end": "00:04:14", "text": "plan in place already. I have a plan in"}, {"start": "00:04:12", "end": "00:04:17", "text": "place. It works out pretty well. It's"}, {"start": "00:04:14", "end": "00:04:20", "text": "called dollar cost averaging. So, as"}, {"start": "00:04:17", "end": "00:04:23", "text": "time has gone on, that's uh served me"}, {"start": "00:04:20", "end": "00:04:25", "text": "quite well. And this is a great post"}, {"start": "00:04:23", "end": "00:04:27", "text": "from Wicked. Definitely a different"}, {"start": "00:04:25", "end": "00:04:29", "text": "fallout to link that in the description."}, {"start": "00:04:27", "end": "00:04:32", "text": "But he has he put this together over a"}, {"start": "00:04:29", "end": "00:04:33", "text": "time frame of 2012 moving forward. And"}, {"start": "00:04:32", "end": "00:04:34", "text": "it doesn't matter. And we're going to"}, {"start": "00:04:33", "end": "00:04:37", "text": "take a look at it going into the actual"}, {"start": "00:04:34", "end": "00:04:39", "text": "top October 6, 2025, and how you will"}, {"start": "00:04:37", "end": "00:04:41", "text": "still be in profit if you dollar cost"}, {"start": "00:04:39", "end": "00:04:44", "text": "average. And this is this is not"}, {"start": "00:04:41", "end": "00:04:46", "text": "financial advice. This is just facts and"}, {"start": "00:04:44", "end": "00:04:49", "text": "numbers. So, take a just take a a quick"}, {"start": "00:04:46", "end": "00:04:52", "text": "look. And I I I sped this up. It's a"}, {"start": "00:04:49", "end": "00:04:54", "text": "minute and a half. And I sped it up uh"}, {"start": "00:04:52", "end": "00:04:56", "text": "for double speed. But just real quick,"}, {"start": "00:04:54", "end": "00:05:00", "text": "actually, I'm going to go back. Just so"}, {"start": "00:04:56", "end": "00:05:03", "text": "you know, in yellow,"}, {"start": "00:05:00", "end": "00:05:06", "text": "this is the DCA or dollar cost averaging"}, {"start": "00:05:03", "end": "00:05:08", "text": "cost basis. When you are, of course,"}, {"start": "00:05:06", "end": "00:05:09", "text": "above that, you got a positive ROI. When"}, {"start": "00:05:08", "end": "00:05:11", "text": "you're below that, you have a negative"}, {"start": "00:05:09", "end": "00:05:13", "text": "return on investment. So, just take a"}, {"start": "00:05:11", "end": "00:05:16", "text": "look if it's green or red and you'll"}, {"start": "00:05:13", "end": "00:05:19", "text": "know where things are going. Now, this"}, {"start": "00:05:16", "end": "00:05:21", "text": "is going all the way back to gosh, where"}, {"start": "00:05:19", "end": "00:05:22", "text": "we at? 2012."}, {"start": "00:05:21", "end": "00:05:24", "text": "And it doesn't matter the amount. Could"}, {"start": "00:05:22", "end": "00:05:26", "text": "be 10 bucks, could be 100 bucks, could"}, {"start": "00:05:24", "end": "00:05:28", "text": "be $10,000 a day. It's all about"}, {"start": "00:05:26", "end": "00:05:30", "text": "percentages. So, there's some whales out"}, {"start": "00:05:28", "end": "00:05:32", "text": "there, not so much. There's lots of"}, {"start": "00:05:30", "end": "00:05:34", "text": "ways. But if we can just take and"}, {"start": "00:05:32", "end": "00:05:37", "text": "extrapolate this across a continuum of"}, {"start": "00:05:34", "end": "00:05:40", "text": "time, 2016, 2017, this is one I got into"}, {"start": "00:05:37", "end": "00:05:42", "text": "and I actually bought the top in 2017."}, {"start": "00:05:40", "end": "00:05:45", "text": "What are you going to do? But if you"}, {"start": "00:05:42", "end": "00:05:48", "text": "just keep sticking around and stick to"}, {"start": "00:05:45", "end": "00:05:53", "text": "your plan and not get distracted too"}, {"start": "00:05:48", "end": "00:05:56", "text": "much by the massive hype and just stick"}, {"start": "00:05:53", "end": "00:06:00", "text": "to your guns, usually things work out"}, {"start": "00:05:56", "end": "00:06:01", "text": "for assets that have a future. Now, I"}, {"start": "00:06:00", "end": "00:06:03", "text": "can't say this is going to happen for"}, {"start": "00:06:01", "end": "00:06:06", "text": "every single altcoin out there. I think"}, {"start": "00:06:03", "end": "00:06:08", "text": "99% of them are trash and they need to"}, {"start": "00:06:06", "end": "00:06:12", "text": "go away. So, we can get into the real"}, {"start": "00:06:08", "end": "00:06:15", "text": "utility and the real speculation moving"}, {"start": "00:06:12", "end": "00:06:16", "text": "forward. But again, if you did this,"}, {"start": "00:06:15", "end": "00:06:18", "text": "doesn't matter the time, you're in"}, {"start": "00:06:16", "end": "00:06:20", "text": "profit. Here's another example because"}, {"start": "00:06:18", "end": "00:06:20", "text": "people say, \"But Rob, that's 2012. Of"}, {"start": "00:06:20", "end": "00:06:22", "text": "course, you're going to be in profit,"}, {"start": "00:06:20", "end": "00:06:25", "text": "genius, because you've been you've been"}, {"start": "00:06:22", "end": "00:06:26", "text": "buying when Bitcoin was like a penny.\""}, {"start": "00:06:25", "end": "00:06:29", "text": "Actually, that's not true. It was like a"}, {"start": "00:06:26", "end": "00:06:31", "text": "couple hundred bucks. But let's just do"}, {"start": "00:06:29", "end": "00:06:34", "text": "this."}, {"start": "00:06:31", "end": "00:06:37", "text": "Let's take the starting date here"}, {"start": "00:06:34", "end": "00:06:42", "text": "and let's go to 2025. Let's pick October"}, {"start": "00:06:37", "end": "00:06:44", "text": "6th. Okay. So, if you bought the top,"}, {"start": "00:06:42", "end": "00:06:46", "text": "which it's okay if you did or not. It's"}, {"start": "00:06:44", "end": "00:06:49", "text": "just how pretty much works out. If you"}, {"start": "00:06:46", "end": "00:06:52", "text": "bought the top in October 6, 2025, and"}, {"start": "00:06:49", "end": "00:06:55", "text": "just continued to dollar cost average"}, {"start": "00:06:52", "end": "00:06:57", "text": "throughout this time frame, yeah, you"}, {"start": "00:06:55", "end": "00:06:59", "text": "were underwater for quite a bit of time."}, {"start": "00:06:57", "end": "00:07:01", "text": "February, March, April, you were"}, {"start": "00:06:59", "end": "00:07:03", "text": "negative all the way through here. That"}, {"start": "00:07:01", "end": "00:07:06", "text": "sucks. Seems like throwing sand in the"}, {"start": "00:07:03", "end": "00:07:09", "text": "ocean. And then things flipped"}, {"start": "00:07:06", "end": "00:07:10", "text": "not too long ago, August 21st. You had"}, {"start": "00:07:09", "end": "00:07:13", "text": "to go through a lot of stuff to get to"}, {"start": "00:07:10", "end": "00:07:16", "text": "here. And almost almost been roughly,"}, {"start": "00:07:13", "end": "00:07:19", "text": "what is that? Nine months, 10 months."}, {"start": "00:07:16", "end": "00:07:23", "text": "And now here you are, and you're at 12%."}, {"start": "00:07:19", "end": "00:07:25", "text": "Now, I personally like to do what's"}, {"start": "00:07:23", "end": "00:07:27", "text": "called dynamic DCAN."}, {"start": "00:07:25", "end": "00:07:29", "text": "and that tends to work out a little bit"}, {"start": "00:07:27", "end": "00:07:30", "text": "uh better."}, {"start": "00:07:29", "end": "00:07:32", "text": "But again, it's just about sticking to"}, {"start": "00:07:30", "end": "00:07:33", "text": "the gun. So, I know like it seems like,"}, {"start": "00:07:32", "end": "00:07:34", "text": "okay, I gotta throw everything in now."}, {"start": "00:07:33", "end": "00:07:36", "text": "This is the time because everything's"}, {"start": "00:07:34", "end": "00:07:38", "text": "going to go up. You can do that. I'm"}, {"start": "00:07:36", "end": "00:07:40", "text": "just saying though, if you got a plan,"}, {"start": "00:07:38", "end": "00:07:41", "text": "stick to that plan because in the bare"}, {"start": "00:07:40", "end": "00:07:43", "text": "market, that's when you're the most"}, {"start": "00:07:41", "end": "00:07:45", "text": "rational and you don't have this natural"}, {"start": "00:07:43", "end": "00:07:48", "text": "exuberance that's kind of flowing out of"}, {"start": "00:07:45", "end": "00:07:49", "text": "people right now. And just be careful."}, {"start": "00:07:48", "end": "00:07:50", "text": "But if you want to do it, you want to,"}, {"start": "00:07:49", "end": "00:07:53", "text": "you know, do the other other way. It's"}, {"start": "00:07:50", "end": "00:07:56", "text": "up to you. Just giving you another other"}, {"start": "00:07:53", "end": "00:07:58", "text": "side of things now. That's talking about"}, {"start": "00:07:56", "end": "00:08:01", "text": "Bitcoin. Let's talk about some altcoins."}, {"start": "00:07:58", "end": "00:08:05", "text": "And again, as I tell you before,"}, {"start": "00:08:01", "end": "00:08:08", "text": "altcoins, it's mostly speculation over"}, {"start": "00:08:05", "end": "00:08:09", "text": "utility. And look no further than this"}, {"start": "00:08:08", "end": "00:08:12", "text": "one from friend of the show, Coin"}, {"start": "00:08:09", "end": "00:08:14", "text": "Bureau, as they say, Bitcoin Cash surges"}, {"start": "00:08:12", "end": "00:08:18", "text": "to 300 bucks while Uniswap climbs after"}, {"start": "00:08:14", "end": "00:08:22", "text": "above nine after the CME Chicago"}, {"start": "00:08:18", "end": "00:08:25", "text": "mercantile confirms futures futures are"}, {"start": "00:08:22", "end": "00:08:29", "text": "scheduled for October 19th. So great. So"}, {"start": "00:08:25", "end": "00:08:32", "text": "now we have futures which are not the"}, {"start": "00:08:29", "end": "00:08:33", "text": "actual asset. It's just a derivative."}, {"start": "00:08:32", "end": "00:08:35", "text": "It's like where do you think the price"}, {"start": "00:08:33", "end": "00:08:39", "text": "is going to go? Let's gamble on that."}, {"start": "00:08:35", "end": "00:08:40", "text": "That to me is essentially futures. And"}, {"start": "00:08:39", "end": "00:08:42", "text": "you can you're welcome to disagree with"}, {"start": "00:08:40", "end": "00:08:44", "text": "me in the comments section, but like you"}, {"start": "00:08:42", "end": "00:08:46", "text": "own the underlying asset. It's not spot,"}, {"start": "00:08:44", "end": "00:08:49", "text": "but people like to do that. And that's"}, {"start": "00:08:46", "end": "00:08:51", "text": "Stratfi. But because of that, that's why"}, {"start": "00:08:49", "end": "00:08:53", "text": "we saw that big huge pump we talked"}, {"start": "00:08:51", "end": "00:08:57", "text": "about in the beginning where we have"}, {"start": "00:08:53", "end": "00:08:59", "text": "here over at uh Bitcoin Cash up 20% in"}, {"start": "00:08:57", "end": "00:09:04", "text": "24 hours. And of course, unis swap has"}, {"start": "00:08:59", "end": "00:09:05", "text": "gone over 34% and 107% for 30 days. So"}, {"start": "00:09:04", "end": "00:09:08", "text": "these are the things that uh push things"}, {"start": "00:09:05", "end": "00:09:11", "text": "forward. It's not like somehow Bitcoin"}, {"start": "00:09:08", "end": "00:09:12", "text": "Cash got some new fantastic utility and"}, {"start": "00:09:11", "end": "00:09:14", "text": "adoption and people are using all over"}, {"start": "00:09:12", "end": "00:09:16", "text": "the world. That's not what happened."}, {"start": "00:09:14", "end": "00:09:19", "text": "It's just more speculation. And that's I"}, {"start": "00:09:16", "end": "00:09:21", "text": "think what moves the market. And then"}, {"start": "00:09:19", "end": "00:09:24", "text": "lastly, before we get into Q&A, I want"}, {"start": "00:09:21", "end": "00:09:25", "text": "to congratulate X for doing what they"}, {"start": "00:09:24", "end": "00:09:27", "text": "say they're going to do. I didn't think"}, {"start": "00:09:25", "end": "00:09:30", "text": "they'd actually do this, but did you"}, {"start": "00:09:27", "end": "00:09:33", "text": "know now that you can trade within your"}, {"start": "00:09:30", "end": "00:09:37", "text": "Twitter or X accounts just by these"}, {"start": "00:09:33", "end": "00:09:40", "text": "hashtags? Check this out. Let me mute"}, {"start": "00:09:37", "end": "00:09:41", "text": "this. So these hashtags they rolled out"}, {"start": "00:09:40", "end": "00:09:43", "text": "a couple months ago and you can put in"}, {"start": "00:09:41", "end": "00:09:46", "text": "it's like a dollar bill sign in Bitcoin"}, {"start": "00:09:43", "end": "00:09:48", "text": "or dollar bill salana dollar bill in XRP"}, {"start": "00:09:46", "end": "00:09:52", "text": "whatever else or the dollar symbol I"}, {"start": "00:09:48", "end": "00:09:54", "text": "should say and when you that beforehand"}, {"start": "00:09:52", "end": "00:09:56", "text": "when you did that it would give you like"}, {"start": "00:09:54", "end": "00:09:58", "text": "a little"}, {"start": "00:09:56", "end": "00:09:59", "text": "uh like a little chart about what was"}, {"start": "00:09:58", "end": "00:10:02", "text": "happening but you couldn't do much with"}, {"start": "00:09:59", "end": "00:10:05", "text": "it. Well, as of today,"}, {"start": "00:10:02", "end": "00:10:07", "text": "if you click on those cash tags, as they"}, {"start": "00:10:05", "end": "00:10:10", "text": "call them, uh you can now trade it,"}, {"start": "00:10:07", "end": "00:10:12", "text": "whatever that is. That could be"}, {"start": "00:10:10", "end": "00:10:14", "text": "stocks, equities, I don't know if"}, {"start": "00:10:12", "end": "00:10:16", "text": "they're doing precious metals, but"}, {"start": "00:10:14", "end": "00:10:18", "text": "crypto, and you can do it right from the"}, {"start": "00:10:16", "end": "00:10:20", "text": "Xplatform"}, {"start": "00:10:18", "end": "00:10:23", "text": "and move forward. Now, I don't think"}, {"start": "00:10:20", "end": "00:10:25", "text": "this is perfect as far, and this would"}, {"start": "00:10:23", "end": "00:10:27", "text": "be like big news, but it's just one more"}, {"start": "00:10:25", "end": "00:10:29", "text": "place that you can buy things, which is"}, {"start": "00:10:27", "end": "00:10:30", "text": "fine. So, take a look at this. Watch"}, {"start": "00:10:29", "end": "00:10:32", "text": "this."}, {"start": "00:10:30", "end": "00:10:35", "text": "Oh, what the heck is going on in Canada?"}, {"start": "00:10:32", "end": "00:10:36", "text": "First of all, maid kills more people"}, {"start": "00:10:35", "end": "00:10:39", "text": "here in Canada than a firearm homicides."}, {"start": "00:10:36", "end": "00:10:42", "text": "That's crazy. If you're from Canada,"}, {"start": "00:10:39", "end": "00:10:44", "text": "please sound off about that. I don't"}, {"start": "00:10:42", "end": "00:10:49", "text": "understand how that works."}, {"start": "00:10:44", "end": "00:10:52", "text": "Anyhow, let's do hashtag Bitcoin. So,"}, {"start": "00:10:49", "end": "00:10:56", "text": "I'm not hashtag dollar bill sign dollar"}, {"start": "00:10:52", "end": "00:10:59", "text": "sign Bitcoin. So when you see these"}, {"start": "00:10:56", "end": "00:11:01", "text": "hashtags, you click on it and now you"}, {"start": "00:10:59", "end": "00:11:04", "text": "can actually trade it and you click on"}, {"start": "00:11:01", "end": "00:11:06", "text": "that. But see this is where I got stuck"}, {"start": "00:11:04", "end": "00:11:08", "text": "because like I'm like I have Kraken."}, {"start": "00:11:06", "end": "00:11:10", "text": "It's the only one that I I use for"}, {"start": "00:11:08", "end": "00:11:11", "text": "altcoins. For Bitcoin I use Cash App. We"}, {"start": "00:11:10", "end": "00:11:14", "text": "talked about this many times, but"}, {"start": "00:11:11", "end": "00:11:16", "text": "Kraken's my hands down my favorite for"}, {"start": "00:11:14", "end": "00:11:18", "text": "alts. Why do I like them? There's a link"}, {"start": "00:11:16", "end": "00:11:20", "text": "in the description. You can check it out"}, {"start": "00:11:18", "end": "00:11:22", "text": "of why I only use them. First of all,"}, {"start": "00:11:20", "end": "00:11:23", "text": "the spreads and the fees are super low."}, {"start": "00:11:22", "end": "00:11:26", "text": "I don't have a big trust in Coinbase. I"}, {"start": "00:11:23", "end": "00:11:28", "text": "just don't. And uh I lay it out in that"}, {"start": "00:11:26", "end": "00:11:29", "text": "video. It's like eight minutes long."}, {"start": "00:11:28", "end": "00:11:30", "text": "Check it out. Want to sign up for"}, {"start": "00:11:29", "end": "00:11:32", "text": "Kraken? You get 25 bucks."}, {"start": "00:11:30", "end": "00:11:35", "text": "Congratulations. But if I click on this"}, {"start": "00:11:32", "end": "00:11:37", "text": "Kraken,"}, {"start": "00:11:35", "end": "00:11:39", "text": "then it's asking me to sign in or sign"}, {"start": "00:11:37", "end": "00:11:40", "text": "up. I don't know if and I don't want to"}, {"start": "00:11:39", "end": "00:11:42", "text": "do this right now with you here because"}, {"start": "00:11:40", "end": "00:11:44", "text": "I want to give you guys my passwords"}, {"start": "00:11:42", "end": "00:11:47", "text": "obviously, but I don't know if like if"}, {"start": "00:11:44", "end": "00:11:49", "text": "you sign up one time and then you have"}, {"start": "00:11:47", "end": "00:11:50", "text": "access to keep trading and trading and"}, {"start": "00:11:49", "end": "00:11:53", "text": "trading. And you can do this again with"}, {"start": "00:11:50", "end": "00:11:56", "text": "with traditional stocks because I think"}, {"start": "00:11:53", "end": "00:11:57", "text": "when you click on like let's do like"}, {"start": "00:11:56", "end": "00:11:59", "text": "this one. I'm not for sure about this"}, {"start": "00:11:57", "end": "00:12:02", "text": "one"}, {"start": "00:11:59", "end": "00:12:05", "text": "dollar bill TSLA."}, {"start": "00:12:02", "end": "00:12:05", "text": "Yeah."}, {"start": "00:12:06", "end": "00:12:11", "text": "So yeah, trade Tesla and you can go to I"}, {"start": "00:12:09", "end": "00:12:14", "text": "don't have like Erade. That's weird."}, {"start": "00:12:11", "end": "00:12:16", "text": "They have Erade. They don't have Robin"}, {"start": "00:12:14", "end": "00:12:18", "text": "Hood. Must have been the partnership. So"}, {"start": "00:12:16", "end": "00:12:19", "text": "again, you can do these things with an"}, {"start": "00:12:18", "end": "00:12:21", "text": "X. That's pretty good. I guess that"}, {"start": "00:12:19", "end": "00:12:24", "text": "would give more access to people, more"}, {"start": "00:12:21", "end": "00:12:25", "text": "on-ramps. And again, my flaw is I'm"}, {"start": "00:12:24", "end": "00:12:27", "text": "always looking at things through the"}, {"start": "00:12:25", "end": "00:12:29", "text": "through the lens of an American. I think"}, {"start": "00:12:27", "end": "00:12:32", "text": "if you're and I don't even know if they"}, {"start": "00:12:29", "end": "00:12:34", "text": "roll this out nation or globally. I"}, {"start": "00:12:32", "end": "00:12:36", "text": "doubt it very much. But if that's the"}, {"start": "00:12:34", "end": "00:12:37", "text": "case and they can roll this out globally"}, {"start": "00:12:36", "end": "00:12:39", "text": "and people can access as long as they"}, {"start": "00:12:37", "end": "00:12:42", "text": "have their, you know, their phone"}, {"start": "00:12:39", "end": "00:12:44", "text": "internet access and they can go through"}, {"start": "00:12:42", "end": "00:12:47", "text": "this, that would be pretty great. The"}, {"start": "00:12:44", "end": "00:12:49", "text": "problem I see is if you do this and you"}, {"start": "00:12:47", "end": "00:12:51", "text": "integrate like Gemini, Interactive"}, {"start": "00:12:49", "end": "00:12:54", "text": "Brokers, E Trade, Kraken, they probably"}, {"start": "00:12:51", "end": "00:12:55", "text": "do the KYC, AML, too. So, it's a it's a"}, {"start": "00:12:54", "end": "00:12:58", "text": "nice thing. I don't know how great it"}, {"start": "00:12:55", "end": "00:13:00", "text": "is. We'll leave it at that, but"}, {"start": "00:12:58", "end": "00:13:03", "text": "congratulations X for doing what they"}, {"start": "00:13:00", "end": "00:13:04", "text": "are going to do. And lastly, lastly, I"}, {"start": "00:13:03", "end": "00:13:06", "text": "want to give a shout out to the people"}, {"start": "00:13:04", "end": "00:13:09", "text": "that have been calling the trades"}, {"start": "00:13:06", "end": "00:13:14", "text": "correctly. So over on Dante just crypto"}, {"start": "00:13:09", "end": "00:13:19", "text": "if you click on tools and go to profits"}, {"start": "00:13:14", "end": "00:13:23", "text": "p o p h e ts not p r o fit ts uh and you"}, {"start": "00:13:19", "end": "00:13:26", "text": "click on the 2D 2D we can see the people"}, {"start": "00:13:23", "end": "00:13:28", "text": "right now today 86k we can see the"}, {"start": "00:13:26", "end": "00:13:31", "text": "people that have been calling uh"}, {"start": "00:13:28", "end": "00:13:34", "text": "correctly look at this I'm just going to"}, {"start": "00:13:31", "end": "00:13:36", "text": "zoom in here real quick so so far we're"}, {"start": "00:13:34", "end": "00:13:38", "text": "like at 86k"}, {"start": "00:13:36", "end": "00:13:41", "text": "I thought Peter Brandt would win this,"}, {"start": "00:13:38", "end": "00:13:43", "text": "but he still got till October,"}, {"start": "00:13:41", "end": "00:13:46", "text": "end of October. And he said 40 to 60K."}, {"start": "00:13:43", "end": "00:13:49", "text": "Dr. Profit 40K. He might not make it."}, {"start": "00:13:46", "end": "00:13:52", "text": "He's made some good calls. Bernstein"}, {"start": "00:13:49", "end": "00:13:54", "text": "15,200. Arthur Hayes said 125K. I"}, {"start": "00:13:52", "end": "00:13:58", "text": "thought it was ridiculous, but here we"}, {"start": "00:13:54", "end": "00:14:00", "text": "are. 86K. Myself, I said between 42 and"}, {"start": "00:13:58", "end": "00:14:02", "text": "54. Maybe that's not going to happen."}, {"start": "00:14:00", "end": "00:14:04", "text": "Crypto over same one. Bitwise and"}, {"start": "00:14:02", "end": "00:14:06", "text": "Standard Chartered, which right now"}, {"start": "00:14:04", "end": "00:14:08", "text": "today"}, {"start": "00:14:06", "end": "00:14:10", "text": "is the closest at 100K. So,"}, {"start": "00:14:08", "end": "00:14:12", "text": "congratulations to those people so far."}, {"start": "00:14:10", "end": "00:14:14", "text": "And then, of course, you got Peter"}, {"start": "00:14:12", "end": "00:14:16", "text": "Schiff who says it's going to win 20K."}, {"start": "00:14:14", "end": "00:14:21", "text": "That probably won't happen. But the more"}, {"start": "00:14:16", "end": "00:14:22", "text": "important people are you and you were"}, {"start": "00:14:21", "end": "00:14:24", "text": "able to submit a call by clicking on the"}, {"start": "00:14:22", "end": "00:14:26", "text": "submit a call button and putting your"}, {"start": "00:14:24", "end": "00:14:28", "text": "stuff here. Let's take a look at who's"}, {"start": "00:14:26", "end": "00:14:31", "text": "the most accurate."}, {"start": "00:14:28", "end": "00:14:32", "text": "I always thought I called this the pros"}, {"start": "00:14:31", "end": "00:14:34", "text": "versus the Joe's and I always thought"}, {"start": "00:14:32", "end": "00:14:37", "text": "these guys would do better and so far"}, {"start": "00:14:34", "end": "00:14:41", "text": "Echoli might be the closest. No, no,"}, {"start": "00:14:37", "end": "00:14:44", "text": "excuse me. Arie, he predicted 75K by"}, {"start": "00:14:41", "end": "00:14:48", "text": "December. Oh, no. Echoli is the winner."}, {"start": "00:14:44", "end": "00:14:50", "text": "69K October 2026. Congratulations, Echo"}, {"start": "00:14:48", "end": "00:14:52", "text": "Lee. You are suspicious. Domer 100k. You"}, {"start": "00:14:50", "end": "00:14:55", "text": "know what we should do?"}, {"start": "00:14:52", "end": "00:14:57", "text": "We should do a giveaway and like whoever"}, {"start": "00:14:55", "end": "00:15:00", "text": "puts that in I that would be pretty fun"}, {"start": "00:14:57", "end": "00:15:02", "text": "actually. We should like uh I should put"}, {"start": "00:15:00", "end": "00:15:05", "text": "in like a one Solana or something like"}, {"start": "00:15:02", "end": "00:15:06", "text": "that. Whoever wins. Anyhow, I I I can do"}, {"start": "00:15:05", "end": "00:15:07", "text": "it. I just need your feedback. Let me"}, {"start": "00:15:06", "end": "00:15:09", "text": "know if that's a good idea or a bad"}, {"start": "00:15:07", "end": "00:15:11", "text": "idea. That'd be something else. But"}, {"start": "00:15:09", "end": "00:15:13", "text": "that's it for today. So look, like"}, {"start": "00:15:11", "end": "00:15:15", "text": "today's video, give it a thumbs up."}, {"start": "00:15:13", "end": "00:15:17", "text": "Consider subscribing. We talk about is"}, {"start": "00:15:15", "end": "00:15:19", "text": "timesensitive. Now let's go into a"}, {"start": "00:15:17", "end": "00:15:21", "text": "little Q&A and uh answer all your"}, {"start": "00:15:19", "end": "00:15:24", "text": "questions. Let's do it."}, {"start": "00:15:21", "end": "00:15:27", "text": "Let's see. Majestic says Ben didn't call"}, {"start": "00:15:24", "end": "00:15:30", "text": "correctly. No, he didn't. I mean, but"}, {"start": "00:15:27", "end": "00:15:31", "text": "here's the thing. He did say Q4."}, {"start": "00:15:30", "end": "00:15:34", "text": "He did say that was going to be the big"}, {"start": "00:15:31", "end": "00:15:37", "text": "drop. And we're not we're on Q4 yet. So,"}, {"start": "00:15:34", "end": "00:15:39", "text": "who knows? We're just one Truth Social"}, {"start": "00:15:37", "end": "00:15:42", "text": "tweet away from going into World War II."}, {"start": "00:15:39", "end": "00:15:42", "text": "So,"}, {"start": "00:15:43", "end": "00:15:48", "text": "there's that."}, {"start": "00:15:45", "end": "00:15:50", "text": "But I I will remind you, I mean, Ben did"}, {"start": "00:15:48", "end": "00:15:52", "text": "say this is on NFA Live. I want to say"}, {"start": "00:15:50", "end": "00:15:54", "text": "it was like six weeks ago, seven weeks"}, {"start": "00:15:52", "end": "00:15:55", "text": "ago maybe where he said, \"Yeah.\" He"}, {"start": "00:15:54", "end": "00:15:56", "text": "goes, \"Historically speaking,\" because I"}, {"start": "00:15:55", "end": "00:15:59", "text": "was always talking about dollar cost"}, {"start": "00:15:56", "end": "00:16:01", "text": "averaging. And you know, people were"}, {"start": "00:15:59", "end": "00:16:03", "text": "like, \"Rob, you're an idiot because you"}, {"start": "00:16:01", "end": "00:16:05", "text": "know, four-year cycles.\" I'm like,"}, {"start": "00:16:03", "end": "00:16:07", "text": "\"Yeah, yeah, I get it. I get it. You"}, {"start": "00:16:05", "end": "00:16:10", "text": "know what? If it's not, I got to hedge"}, {"start": "00:16:07", "end": "00:16:11", "text": "my bet.\" So, I buy every Monday. And uh"}, {"start": "00:16:10", "end": "00:16:14", "text": "Ben's like, \"Yeah.\" He goes, you know,"}, {"start": "00:16:11", "end": "00:16:16", "text": "historically speaking, second half of"}, {"start": "00:16:14", "end": "00:16:19", "text": "the year in the midterm election year or"}, {"start": "00:16:16", "end": "00:16:20", "text": "postall all-time highs, historically"}, {"start": "00:16:19", "end": "00:16:23", "text": "speaking, a pretty good time to dollar"}, {"start": "00:16:20", "end": "00:16:25", "text": "cost average. So, there was that. But"}, {"start": "00:16:23", "end": "00:16:27", "text": "then, I don't know, people talk a lot"}, {"start": "00:16:25", "end": "00:16:29", "text": "about it like Ben had to be 100% correct"}, {"start": "00:16:27", "end": "00:16:32", "text": "and I think he took it kind of hard. I"}, {"start": "00:16:29", "end": "00:16:34", "text": "was listening to the video. I was like,"}, {"start": "00:16:32", "end": "00:16:37", "text": "I think it's that big of a deal quite"}, {"start": "00:16:34", "end": "00:16:41", "text": "honestly. So,"}, {"start": "00:16:37", "end": "00:16:46", "text": "87K by end of year. Yeah, sounds good."}, {"start": "00:16:41", "end": "00:16:46", "text": "Oh, that'd be nice if we can hold on."}, {"start": "00:16:48", "end": "00:16:51", "text": "Yeah,"}, {"start": "00:16:53", "end": "00:16:59", "text": "here."}, {"start": "00:16:56", "end": "00:17:01", "text": "Yeah. And then Trump, this is not a"}, {"start": "00:16:59", "end": "00:17:03", "text": "political show."}, {"start": "00:17:01", "end": "00:17:06", "text": "Would be dumb to ruffle feathers right"}, {"start": "00:17:03", "end": "00:17:10", "text": "before the midterms. He's doing a pretty"}, {"start": "00:17:06", "end": "00:17:12", "text": "good job so far. And uh I just I mean"}, {"start": "00:17:10", "end": "00:17:15", "text": "even on poly market they're saying it's"}, {"start": "00:17:12", "end": "00:17:18", "text": "an 80% chance that the house of"}, {"start": "00:17:15", "end": "00:17:21", "text": "representatives flips Democrat probably"}, {"start": "00:17:18", "end": "00:17:23", "text": "and it's a 60% chance which is you know"}, {"start": "00:17:21", "end": "00:17:26", "text": "relatively high that Democrats flip the"}, {"start": "00:17:23", "end": "00:17:28", "text": "Senate. So if you have Democrats for"}, {"start": "00:17:26", "end": "00:17:31", "text": "Congress and you have the current"}, {"start": "00:17:28", "end": "00:17:33", "text": "administration Republican usually you"}, {"start": "00:17:31", "end": "00:17:35", "text": "have what's called a lame duck session"}, {"start": "00:17:33", "end": "00:17:39", "text": "which is two years of getting nothing"}, {"start": "00:17:35", "end": "00:17:42", "text": "done. However, I will say for us, we saw"}, {"start": "00:17:39", "end": "00:17:44", "text": "the change of clarity. When the Clarity"}, {"start": "00:17:42", "end": "00:17:46", "text": "Act came in, everybody's pretty pumped"}, {"start": "00:17:44", "end": "00:17:49", "text": "about it. I personally thought it"}, {"start": "00:17:46", "end": "00:17:53", "text": "wouldn't pass because I didn't think the"}, {"start": "00:17:49", "end": "00:17:54", "text": "Dems wanted to give Trump a, you know, a"}, {"start": "00:17:53", "end": "00:17:56", "text": "nice victory, especially to rub in their"}, {"start": "00:17:54", "end": "00:17:58", "text": "faces in midterms. So, I was like, I"}, {"start": "00:17:56", "end": "00:18:01", "text": "don't think it's gonna go through. You"}, {"start": "00:17:58", "end": "00:18:03", "text": "know, we were all, it didn't happen. But"}, {"start": "00:18:01", "end": "00:18:05", "text": "what I didn't see was just how much it"}, {"start": "00:18:03", "end": "00:18:07", "text": "would rally without clarity. I didn't"}, {"start": "00:18:05", "end": "00:18:09", "text": "see that at all. I thought it would be"}, {"start": "00:18:07", "end": "00:18:11", "text": "like a, you know, like a little like"}, {"start": "00:18:09", "end": "00:18:15", "text": "major or a reasonable pullback and then"}, {"start": "00:18:11", "end": "00:18:17", "text": "we we'd come back, but seem everything"}, {"start": "00:18:15", "end": "00:18:18", "text": "just keeps going up. So, I'm happy that"}, {"start": "00:18:17", "end": "00:18:20", "text": "I dollar cost average and I'm happy I"}, {"start": "00:18:18", "end": "00:18:23", "text": "was wrong about the, you know, the big"}, {"start": "00:18:20", "end": "00:18:27", "text": "pullback after clarity. I just didn't"}, {"start": "00:18:23", "end": "00:18:27", "text": "think it would go through. I just"}, {"start": "00:18:27", "end": "00:18:31", "text": "Ed"}, {"start": "00:18:29", "end": "00:18:33", "text": "PR meetups anytime soon. Yeah, there's"}, {"start": "00:18:31", "end": "00:18:35", "text": "this great place when you come when you"}, {"start": "00:18:33", "end": "00:18:38", "text": "guys come here. There's a great place to"}, {"start": "00:18:35", "end": "00:18:40", "text": "go to. I will even buy the first beer. I"}, {"start": "00:18:38", "end": "00:18:43", "text": "mean, the cheap stuff, not I mean, come"}, {"start": "00:18:40", "end": "00:18:45", "text": "on. I got a I got a dollar cost average"}, {"start": "00:18:43", "end": "00:18:47", "text": "every Monday. But, uh, yeah, there's a"}, {"start": "00:18:45", "end": "00:18:49", "text": "good place called Elap down the street."}, {"start": "00:18:47", "end": "00:18:52", "text": "Fantastic."}, {"start": "00:18:49", "end": "00:18:55", "text": "Also, there's a new, uh, Cava and coffee"}, {"start": "00:18:52", "end": "00:18:58", "text": "shop by my friend Payton, or you guys"}, {"start": "00:18:55", "end": "00:19:00", "text": "know him as Big Pay, which has opened up"}, {"start": "00:18:58", "end": "00:19:04", "text": "right across the street. And uh yeah,"}, {"start": "00:19:00", "end": "00:19:06", "text": "good things done. Good things get done."}, {"start": "00:19:04", "end": "00:19:08", "text": "Stocks, the stocks and crypto sore in"}, {"start": "00:19:06", "end": "00:19:11", "text": "the midterms. Dems don't stand a chance."}, {"start": "00:19:08", "end": "00:19:14", "text": "We'll see. There's a lot of people"}, {"start": "00:19:11", "end": "00:19:17", "text": "just that want this direction."}, {"start": "00:19:14", "end": "00:19:18", "text": "Iran is not helping. That is for sure."}, {"start": "00:19:17", "end": "00:19:20", "text": "You think also going to bleed back into"}, {"start": "00:19:18", "end": "00:19:23", "text": "Bitcoin like last cycle every time"}, {"start": "00:19:20", "end": "00:19:26", "text": "Bitcoin goes down?"}, {"start": "00:19:23", "end": "00:19:29", "text": "It depends. And even like um even like"}, {"start": "00:19:26", "end": "00:19:31", "text": "Kevin Olirri, he was asked this question"}, {"start": "00:19:29", "end": "00:19:34", "text": "and like Kevin Olir's kind of a grifter"}, {"start": "00:19:31", "end": "00:19:36", "text": "sometimes in my opinion. Uh he was the"}, {"start": "00:19:34", "end": "00:19:38", "text": "one that if you don't remember was"}, {"start": "00:19:36", "end": "00:19:40", "text": "saying that he, you know, would never"}, {"start": "00:19:38", "end": "00:19:43", "text": "buy Bitcoin and and it's the most"}, {"start": "00:19:40", "end": "00:19:46", "text": "ridiculous thing. And then it was uh it"}, {"start": "00:19:43", "end": "00:19:47", "text": "was on Squawkbox where they where they"}, {"start": "00:19:46", "end": "00:19:48", "text": "said, \"Hey, you said you never bought"}, {"start": "00:19:47", "end": "00:19:50", "text": "Bitcoin and then in your filings for"}, {"start": "00:19:48", "end": "00:19:52", "text": "your company, looks like you were buying"}, {"start": "00:19:50", "end": "00:19:53", "text": "Bitcoin at that exact same time, you"}, {"start": "00:19:52", "end": "00:19:56", "text": "said you weren't.\" He's like, \"Oh,"}, {"start": "00:19:53", "end": "00:19:59", "text": "yeah.\" And then, of course, now he's big"}, {"start": "00:19:56", "end": "00:20:00", "text": "on the Avalanche, which great, I have a"}, {"start": "00:19:59", "end": "00:20:02", "text": "little bit of that, so we'll see what"}, {"start": "00:20:00", "end": "00:20:03", "text": "happens. But as far as like bleeding"}, {"start": "00:20:02", "end": "00:20:06", "text": "back into it, I think there's going to"}, {"start": "00:20:03", "end": "00:20:07", "text": "be some winners for altcoins, and I"}, {"start": "00:20:06", "end": "00:20:09", "text": "think a lot of these other ones are"}, {"start": "00:20:07", "end": "00:20:11", "text": "going to die away. But there's going to"}, {"start": "00:20:09", "end": "00:20:14", "text": "be some bleeding back into it. But"}, {"start": "00:20:11", "end": "00:20:16", "text": "really, the again, speculation and"}, {"start": "00:20:14", "end": "00:20:18", "text": "utility. We just need a little utility"}, {"start": "00:20:16", "end": "00:20:20", "text": "to move forward. Just take a look at"}, {"start": "00:20:18", "end": "00:20:20", "text": "what's happened with Helium. Just take a"}, {"start": "00:20:20", "end": "00:20:22", "text": "look at what we talked about with"}, {"start": "00:20:20", "end": "00:20:24", "text": "Bitcoin Cash."}, {"start": "00:20:22", "end": "00:20:25", "text": "The speculation part is going to come"}, {"start": "00:20:24", "end": "00:20:27", "text": "through and it's going to be the"}, {"start": "00:20:25", "end": "00:20:28", "text": "narrative is going to be payments and"}, {"start": "00:20:27", "end": "00:20:30", "text": "it's also going to be tokenization of"}, {"start": "00:20:28", "end": "00:20:33", "text": "real world assets this time and"}, {"start": "00:20:30", "end": "00:20:35", "text": "whichever one wins that one or is in the"}, {"start": "00:20:33", "end": "00:20:38", "text": "top three"}, {"start": "00:20:35", "end": "00:20:41", "text": "ride those cotails to Valhalla."}, {"start": "00:20:38", "end": "00:20:44", "text": "Let's see. Hey, Jimmy's here."}, {"start": "00:20:41", "end": "00:20:46", "text": "The beer to get is"}, {"start": "00:20:44", "end": "00:20:47", "text": "and if you speak Spanish, you know this"}, {"start": "00:20:46", "end": "00:20:52", "text": "is a good one. The beer is called No"}, {"start": "00:20:47", "end": "00:20:54", "text": "Mame Way. It's fantastic. Fantastic."}, {"start": "00:20:52", "end": "00:20:57", "text": "Let's see."}, {"start": "00:20:54", "end": "00:21:00", "text": "Uh"}, {"start": "00:20:57", "end": "00:21:01", "text": "Kelby is here. What if politics doesn't"}, {"start": "00:21:00", "end": "00:21:04", "text": "actually affect price action? It's a"}, {"start": "00:21:01", "end": "00:21:08", "text": "good question. I don't think it'll be"}, {"start": "00:21:04", "end": "00:21:11", "text": "the politics per se. I was at a a suare"}, {"start": "00:21:08", "end": "00:21:14", "text": "an event last night with a lot of it was"}, {"start": "00:21:11", "end": "00:21:16", "text": "like a little private party thing and"}, {"start": "00:21:14", "end": "00:21:19", "text": "there's a lot of like fund managers and"}, {"start": "00:21:16", "end": "00:21:22", "text": "uh crowdfi guys and also crypto fund"}, {"start": "00:21:19", "end": "00:21:24", "text": "managers that were there. Nice nice"}, {"start": "00:21:22", "end": "00:21:26", "text": "place"}, {"start": "00:21:24", "end": "00:21:29", "text": "and uh you know they had no concerns"}, {"start": "00:21:26", "end": "00:21:31", "text": "over politics about what's happening."}, {"start": "00:21:29", "end": "00:21:32", "text": "They're like ah really in the long run"}, {"start": "00:21:31", "end": "00:21:34", "text": "really doesn't matter. We're going to"}, {"start": "00:21:32", "end": "00:21:35", "text": "get the midterms. that's going to be,"}, {"start": "00:21:34", "end": "00:21:38", "text": "you know, the next year is going to be"}, {"start": "00:21:35", "end": "00:21:40", "text": "the big one. And like they're right."}, {"start": "00:21:38", "end": "00:21:43", "text": "Historically speaking, we talk about the"}, {"start": "00:21:40", "end": "00:21:45", "text": "uh the midterms. Historically speaking,"}, {"start": "00:21:43", "end": "00:21:48", "text": "if you would have bought anywhere past"}, {"start": "00:21:45", "end": "00:21:51", "text": "1954 on midterm day, within six to seven"}, {"start": "00:21:48", "end": "00:21:53", "text": "months on the S&P 500, historically"}, {"start": "00:21:51", "end": "00:21:55", "text": "speaking, you'd be up 15.2%."}, {"start": "00:21:53", "end": "00:21:57", "text": "So, and we did the same thing with uh"}, {"start": "00:21:55", "end": "00:22:01", "text": "Bitcoin and altcoins, and it was the"}, {"start": "00:21:57", "end": "00:22:03", "text": "same pretty much thing. So yeah, maybe"}, {"start": "00:22:01", "end": "00:22:05", "text": "dollar cost average or do whatever you"}, {"start": "00:22:03", "end": "00:22:07", "text": "want to do and then next year reap the"}, {"start": "00:22:05", "end": "00:22:09", "text": "rewards and rub it in everybody's faces"}, {"start": "00:22:07", "end": "00:22:13", "text": "that told you that you were a"}, {"start": "00:22:09", "end": "00:22:15", "text": "That's always fun, especially especially"}, {"start": "00:22:13", "end": "00:22:18", "text": "especially the next Thanksgiving and"}, {"start": "00:22:15", "end": "00:22:19", "text": "Christmas with the family. Jeffrey says"}, {"start": "00:22:18", "end": "00:22:24", "text": "it feels different this time. I agree"}, {"start": "00:22:19", "end": "00:22:25", "text": "with Jeffrey. Jeffrey's right because"}, {"start": "00:22:24", "end": "00:22:29", "text": "it's different this time because it"}, {"start": "00:22:25", "end": "00:22:32", "text": "wasn't as bad as a bull market. It"}, {"start": "00:22:29", "end": "00:22:35", "text": "Let me say this the right way. In the"}, {"start": "00:22:32", "end": "00:22:37", "text": "bull in in the bare market, what usually"}, {"start": "00:22:35", "end": "00:22:40", "text": "the one that I went through in 2018 and"}, {"start": "00:22:37", "end": "00:22:43", "text": "2022 was extremely brutal because you"}, {"start": "00:22:40", "end": "00:22:46", "text": "saw between 85% and 77% drawbacks. On"}, {"start": "00:22:43", "end": "00:22:48", "text": "top of that, you would see things that"}, {"start": "00:22:46", "end": "00:22:50", "text": "were just collapsing around you. all"}, {"start": "00:22:48", "end": "00:22:51", "text": "these different projects, all these"}, {"start": "00:22:50", "end": "00:22:53", "text": "different exchanges, all these different"}, {"start": "00:22:51", "end": "00:22:56", "text": "geniuses"}, {"start": "00:22:53", "end": "00:22:58", "text": "uh and favorites amongst a lot of"}, {"start": "00:22:56", "end": "00:23:00", "text": "altcoin players and it was just they"}, {"start": "00:22:58", "end": "00:23:04", "text": "were just gone. It was gone. This one"}, {"start": "00:23:00", "end": "00:23:07", "text": "has been very boring and I think this"}, {"start": "00:23:04", "end": "00:23:09", "text": "one's been the toughest one because in"}, {"start": "00:23:07", "end": "00:23:10", "text": "2022 if you knew that okay if things"}, {"start": "00:23:09", "end": "00:23:13", "text": "will just bounce back not a big deal and"}, {"start": "00:23:10", "end": "00:23:18", "text": "you saw things like uh a pullback of"}, {"start": "00:23:13", "end": "00:23:20", "text": "like let's say Solana right Solana $268"}, {"start": "00:23:18", "end": "00:23:26", "text": "somewhere it was alltime high goes down"}, {"start": "00:23:20", "end": "00:23:27", "text": "to $15 $10 and on some exchanges $8 $9"}, {"start": "00:23:26", "end": "00:23:29", "text": "that's pretty good you're like okay I"}, {"start": "00:23:27", "end": "00:23:31", "text": "know it's going to rebound Maybe I'll"}, {"start": "00:23:29", "end": "00:23:33", "text": "buy it at 20 when it comes back and then"}, {"start": "00:23:31", "end": "00:23:35", "text": "I'll start to ride those tails. Same"}, {"start": "00:23:33", "end": "00:23:37", "text": "thing with Bitcoin. This one was"}, {"start": "00:23:35", "end": "00:23:39", "text": "different because from our all-time"}, {"start": "00:23:37", "end": "00:23:40", "text": "high, we went down 50% and we talked"}, {"start": "00:23:39", "end": "00:23:42", "text": "about this. You know, anything below the"}, {"start": "00:23:40", "end": "00:23:44", "text": "200E moving average, I thought was a"}, {"start": "00:23:42", "end": "00:23:46", "text": "pretty good time to buy and worked out"}, {"start": "00:23:44", "end": "00:23:49", "text": "okay."}, {"start": "00:23:46", "end": "00:23:51", "text": "And you had to keep doing that when it"}, {"start": "00:23:49", "end": "00:23:54", "text": "was just so boring."}, {"start": "00:23:51", "end": "00:23:58", "text": "That's the problem with this cycle. It"}, {"start": "00:23:54", "end": "00:24:00", "text": "was just boring. And that I think is was"}, {"start": "00:23:58", "end": "00:24:02", "text": "the disadvantage because when you see"}, {"start": "00:24:00", "end": "00:24:05", "text": "things go down massively, you're like,"}, {"start": "00:24:02", "end": "00:24:07", "text": "woo, it's actually kind of fun because"}, {"start": "00:24:05", "end": "00:24:10", "text": "let's be honest, we're all insane. And"}, {"start": "00:24:07", "end": "00:24:13", "text": "we like to see those prices go way far"}, {"start": "00:24:10", "end": "00:24:15", "text": "down so we can buy the dip,"}, {"start": "00:24:13", "end": "00:24:17", "text": "wait it out, and then watch the profit"}, {"start": "00:24:15", "end": "00:24:20", "text": "goes up. Now, with this one, it was kind"}, {"start": "00:24:17", "end": "00:24:24", "text": "of like, oh, I got a 5% gain."}, {"start": "00:24:20", "end": "00:24:25", "text": "Great. This is boring. So, there's that."}, {"start": "00:24:24", "end": "00:24:27", "text": "And then I think that's why people I"}, {"start": "00:24:25", "end": "00:24:29", "text": "think are going into the altcoins now."}, {"start": "00:24:27", "end": "00:24:30", "text": "But it's a good question or a good"}, {"start": "00:24:29", "end": "00:24:33", "text": "statement. It does feel a little"}, {"start": "00:24:30", "end": "00:24:33", "text": "different."}, {"start": "00:24:35", "end": "00:24:40", "text": "Marty vers who wins Ben."}, {"start": "00:24:39", "end": "00:24:42", "text": "We never had a bunch of radical commies"}, {"start": "00:24:40", "end": "00:24:45", "text": "running and winning seats through when"}, {"start": "00:24:42", "end": "00:24:47", "text": "they hate anyone getting rich with them."}, {"start": "00:24:45", "end": "00:24:50", "text": "I"}, {"start": "00:24:47", "end": "00:24:52", "text": "Yeah. something"}, {"start": "00:24:50", "end": "00:24:55", "text": "you should not that's going to go into"}, {"start": "00:24:52", "end": "00:24:57", "text": "uh somebody's feed. I think there's some"}, {"start": "00:24:55", "end": "00:25:00", "text": "sort of agreed for all holders, you"}, {"start": "00:24:57", "end": "00:25:02", "text": "know, is absolutely 100% correct."}, {"start": "00:25:00", "end": "00:25:04", "text": "Yeah. And 38 as a you know, let's just"}, {"start": "00:25:02", "end": "00:25:06", "text": "leave it here. When there's blood in the"}, {"start": "00:25:04", "end": "00:25:07", "text": "water, buy when everyone is piling in,"}, {"start": "00:25:06", "end": "00:25:10", "text": "sell. And these are the things to take"}, {"start": "00:25:07", "end": "00:25:13", "text": "profits. Now, me personally,"}, {"start": "00:25:10", "end": "00:25:17", "text": "I am uh pull this up. Still going to go"}, {"start": "00:25:13", "end": "00:25:17", "text": "with the big three."}, {"start": "00:25:19", "end": "00:25:26", "text": "And the big three would be uh you know"}, {"start": "00:25:22", "end": "00:25:31", "text": "Ben and his risk levels and Ivan on tech"}, {"start": "00:25:26", "end": "00:25:33", "text": "and also uh Wes SMC bot. So I think with"}, {"start": "00:25:31", "end": "00:25:37", "text": "those things I'm not going to take much"}, {"start": "00:25:33", "end": "00:25:38", "text": "profits right now. I don't need to. Uh I"}, {"start": "00:25:37", "end": "00:25:40", "text": "think things will work out just"}, {"start": "00:25:38", "end": "00:25:41", "text": "themselves. And of course when I'm"}, {"start": "00:25:40", "end": "00:25:43", "text": "talking about this is we talked about"}, {"start": "00:25:41", "end": "00:25:45", "text": "this yesterday. These are the big three."}, {"start": "00:25:43", "end": "00:25:46", "text": "Then also"}, {"start": "00:25:45", "end": "00:25:49", "text": "this one actually is a pretty good"}, {"start": "00:25:46", "end": "00:25:49", "text": "indicator,"}, {"start": "00:25:50", "end": "00:25:54", "text": "altcoin season index. Anyhow, let's"}, {"start": "00:25:52", "end": "00:25:56", "text": "leave it there. Like today's video,"}, {"start": "00:25:54", "end": "00:25:58", "text": "thumbs up, subscribe, all that great"}, {"start": "00:25:56", "end": "00:26:00", "text": "stuff. Other than that, I will see you"}, {"start": "00:25:58", "end": "00:26:03", "text": "guys tomorrow. And then this week, we"}, {"start": "00:26:00", "end": "00:26:04", "text": "have uh we have NFA Live. I think it's"}, {"start": "00:26:03", "end": "00:26:06", "text": "on Ben's channel. This ought to be"}, {"start": "00:26:04", "end": "00:26:08", "text": "interesting. Anyhow, that's it. Thanks"}, {"start": "00:26:06", "end": "00:26:10", "text": "much everybody. See you in the next one."}, {"start": "00:26:08", "end": "00:26:10", "text": "Adios."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "What is a Bitcoin? Yeah, what is a"}, {"start": "00:00:01", "end": "00:00:06", "text": "Bitcoin? That's what I had to ask. I"}, {"start": "00:00:03", "end": "00:00:09", "text": "don't get it."}, {"start": "00:00:06", "end": "00:00:11", "text": "Yeah, Scoan's right. It somehow 80,000"}, {"start": "00:00:09", "end": "00:00:14", "text": "feels high. It somehow feels like this"}, {"start": "00:00:11", "end": "00:00:17", "text": "bull run won't go that high. I mean, I"}, {"start": "00:00:14", "end": "00:00:19", "text": "give you my price prediction, which"}, {"start": "00:00:17", "end": "00:00:21", "text": "price predictions are all worthless, you"}, {"start": "00:00:19", "end": "00:00:23", "text": "know, because everything can change in a"}, {"start": "00:00:21", "end": "00:00:25", "text": "heartbeat. You can have"}, {"start": "00:00:23", "end": "00:00:27", "text": "government from out of nowhere say,"}, {"start": "00:00:25", "end": "00:00:29", "text": "\"Hey, you know what? this is going to be"}, {"start": "00:00:27", "end": "00:00:31", "text": "our legal tender."}, {"start": "00:00:29", "end": "00:00:32", "text": "America could come out and say, \"Okay,"}, {"start": "00:00:31", "end": "00:00:34", "text": "we're actually going to get this, you"}, {"start": "00:00:32", "end": "00:00:36", "text": "know, Bitcoin reserve strategy we've"}, {"start": "00:00:34", "end": "00:00:38", "text": "been talking about forever. We could"}, {"start": "00:00:36", "end": "00:00:41", "text": "have this as the national reserve"}, {"start": "00:00:38", "end": "00:00:44", "text": "currency.\" So, I don't know."}, {"start": "00:00:41", "end": "00:00:46", "text": "Yeah, I know 80k feels it feels high"}, {"start": "00:00:44", "end": "00:00:49", "text": "because we've we've been shopping so"}, {"start": "00:00:46", "end": "00:00:51", "text": "long at 60k. There was a statistic it"}, {"start": "00:00:49", "end": "00:00:55", "text": "was pretty pretty good that even if you"}, {"start": "00:00:51", "end": "00:00:57", "text": "bought at 125k or 126k at the top if you"}, {"start": "00:00:55", "end": "00:00:59", "text": "would have just dollar cost average down"}, {"start": "00:00:57", "end": "00:01:01", "text": "and then dollar cost average join the"}, {"start": "00:00:59", "end": "00:01:04", "text": "60k chop you would be up and right now"}, {"start": "00:01:01", "end": "00:01:04", "text": "you'd be up massive"}]

[{"start": "00:00:01", "end": "00:00:05", "text": "Well, everybody, we did it. And I got to"}, {"start": "00:00:03", "end": "00:00:07", "text": "tell you, these bare markets, sometimes"}, {"start": "00:00:05", "end": "00:00:09", "text": "they can be brutal. Even though we"}, {"start": "00:00:07", "end": "00:00:11", "text": "didn't go down like we did in 2022, just"}, {"start": "00:00:09", "end": "00:00:13", "text": "to be throwing that sand in the ocean as"}, {"start": "00:00:11", "end": "00:00:15", "text": "we dollar cost average every week,"}, {"start": "00:00:13", "end": "00:00:17", "text": "wondering to ourselves when will this"}, {"start": "00:00:15", "end": "00:00:19", "text": "actually pay off? Well, that day is"}, {"start": "00:00:17", "end": "00:00:21", "text": "today. Now, anything can happen in the"}, {"start": "00:00:19", "end": "00:00:23", "text": "future. We can say that this time is is"}, {"start": "00:00:21", "end": "00:00:25", "text": "a pretty good time to be a bare market"}, {"start": "00:00:23", "end": "00:00:28", "text": "buyer as we've gone through that whole"}, {"start": "00:00:25", "end": "00:00:29", "text": "rigomearo of going from people saying,"}, {"start": "00:00:28", "end": "00:00:31", "text": "\"Why are you buying right now? this is"}, {"start": "00:00:29", "end": "00:00:32", "text": "nothing that you should be getting into."}, {"start": "00:00:31", "end": "00:00:34", "text": "And of course, there's going to be"}, {"start": "00:00:32", "end": "00:00:36", "text": "different things that are are happening."}, {"start": "00:00:34", "end": "00:00:37", "text": "So, maybe just need to wait. And of"}, {"start": "00:00:36", "end": "00:00:40", "text": "course, the ones that were dollar cost"}, {"start": "00:00:37", "end": "00:00:42", "text": "averaging worked out pretty well. Feels"}, {"start": "00:00:40", "end": "00:00:43", "text": "pretty good. But again, anything can"}, {"start": "00:00:42", "end": "00:00:46", "text": "happen in the next couple of weeks and"}, {"start": "00:00:43", "end": "00:00:48", "text": "months and years ahead of us. But I have"}, {"start": "00:00:46", "end": "00:00:50", "text": "to tell you, things feel pretty good"}, {"start": "00:00:48", "end": "00:00:52", "text": "today. And we've almost got uh three"}, {"start": "00:00:50", "end": "00:00:54", "text": "trillion as far as a total market cap in"}, {"start": "00:00:52", "end": "00:00:57", "text": "play. So, I just want to say"}, {"start": "00:00:54", "end": "00:01:00", "text": "congratulations to everybody who went"}, {"start": "00:00:57", "end": "00:01:02", "text": "through this uh cycle with us and are"}, {"start": "00:01:00", "end": "00:01:04", "text": "reaping the rewards. You deserve it"}, {"start": "00:01:02", "end": "00:01:08", "text": "because you did the hard decision which"}, {"start": "00:01:04", "end": "00:01:10", "text": "was to keep moving forward even though"}, {"start": "00:01:08", "end": "00:01:13", "text": "there was a lot of negativity all"}, {"start": "00:01:10", "end": "00:01:15", "text": "around. Now, uh we could have a pullback"}, {"start": "00:01:13", "end": "00:01:17", "text": "and uh like we've talked about on this"}, {"start": "00:01:15", "end": "00:01:20", "text": "show, I personally dollar cost average"}, {"start": "00:01:17", "end": "00:01:23", "text": "every single Monday. I use the cash app"}, {"start": "00:01:20", "end": "00:01:24", "text": "as recurring payments because cash app I"}, {"start": "00:01:23", "end": "00:01:26", "text": "don't know if Jack Dorsey set it up this"}, {"start": "00:01:24", "end": "00:01:28", "text": "way but uh when you do recurring"}, {"start": "00:01:26", "end": "00:01:30", "text": "payments the spread is minimal if"}, {"start": "00:01:28", "end": "00:01:32", "text": "anything at all and there's no fees. So"}, {"start": "00:01:30", "end": "00:01:34", "text": "I've done this every every Monday now"}, {"start": "00:01:32", "end": "00:01:36", "text": "for six months and I was thinking to"}, {"start": "00:01:34", "end": "00:01:39", "text": "myself, man, I hope this actually plays"}, {"start": "00:01:36", "end": "00:01:41", "text": "out and of course here we are right now."}, {"start": "00:01:39", "end": "00:01:44", "text": "So feeling pretty good. And let's take a"}, {"start": "00:01:41", "end": "00:01:47", "text": "look at the uh markets. 2.994"}, {"start": "00:01:44", "end": "00:01:50", "text": "market cap. Let me see if we can refresh"}, {"start": "00:01:47", "end": "00:01:52", "text": "this and if we 2.999"}, {"start": "00:01:50", "end": "00:01:54", "text": "so looking pretty good. We'll probably"}, {"start": "00:01:52", "end": "00:01:56", "text": "hopefully hit 3 trillion. But again, 24"}, {"start": "00:01:54", "end": "00:01:59", "text": "hours, Bitcoin's up six and a half."}, {"start": "00:01:56", "end": "00:02:01", "text": "Ethereum, Ethereum 6%. BMBB,"}, {"start": "00:01:59", "end": "00:02:02", "text": "everything's up across the board. Things"}, {"start": "00:02:01", "end": "00:02:05", "text": "are looking pretty good. And I have to"}, {"start": "00:02:02", "end": "00:02:07", "text": "tell you, just taking a look at this"}, {"start": "00:02:05", "end": "00:02:10", "text": "across the continuum,"}, {"start": "00:02:07", "end": "00:02:11", "text": "things weren't really adding up on"}, {"start": "00:02:10", "end": "00:02:14", "text": "certain sectors. Now, I still believe,"}, {"start": "00:02:11", "end": "00:02:17", "text": "again, I still believe we could have a"}, {"start": "00:02:14", "end": "00:02:18", "text": "massive pullback in Q4. I know people"}, {"start": "00:02:17", "end": "00:02:20", "text": "are like, \"Rob, that's ridiculous.\" Hey,"}, {"start": "00:02:18", "end": "00:02:21", "text": "it could happen. Anything can happen."}, {"start": "00:02:20", "end": "00:02:23", "text": "When that happens, of course, I'll just"}, {"start": "00:02:21", "end": "00:02:25", "text": "buy more. You know, we we continue to"}, {"start": "00:02:23", "end": "00:02:28", "text": "buy. That's that's the hedge against"}, {"start": "00:02:25", "end": "00:02:29", "text": "what's going on. Dollar cost average."}, {"start": "00:02:28", "end": "00:02:30", "text": "When the price starts to go real low,"}, {"start": "00:02:29", "end": "00:02:32", "text": "you're like, \"Ah, I'm going to start to"}, {"start": "00:02:30", "end": "00:02:35", "text": "really buy.\" But if we take a look at"}, {"start": "00:02:32", "end": "00:02:37", "text": "fourear cycles across the continuum,"}, {"start": "00:02:35", "end": "00:02:39", "text": "this is on our website, Dan DJes Crypto."}, {"start": "00:02:37", "end": "00:02:42", "text": "It's free. It's 100% free. It'll always"}, {"start": "00:02:39", "end": "00:02:45", "text": "be free. But you can see that, you know,"}, {"start": "00:02:42", "end": "00:02:47", "text": "on 20 from 2019 when we hit our our low"}, {"start": "00:02:45", "end": "00:02:51", "text": "from our all-time high, we went down"}, {"start": "00:02:47", "end": "00:02:54", "text": "82%. And exactly four years beforehand"}, {"start": "00:02:51", "end": "00:02:57", "text": "was below in 2015 and it was at down"}, {"start": "00:02:54", "end": "00:02:59", "text": "81%. So things lined up pretty good."}, {"start": "00:02:57", "end": "00:03:01", "text": "Let's move forward real quick into these"}, {"start": "00:02:59", "end": "00:03:04", "text": "nice little see these little triangles"}, {"start": "00:03:01", "end": "00:03:05", "text": "right here. They just kind of put that"}, {"start": "00:03:04", "end": "00:03:07", "text": "slider against that and see where we're"}, {"start": "00:03:05", "end": "00:03:12", "text": "at. Ah, look at that. And we can see"}, {"start": "00:03:07", "end": "00:03:14", "text": "that on 2022 we were down 75% from an"}, {"start": "00:03:12", "end": "00:03:17", "text": "all-time high. Take four years before in"}, {"start": "00:03:14", "end": "00:03:19", "text": "2018 you're down 80%. Only a 5%"}, {"start": "00:03:17", "end": "00:03:22", "text": "difference. So things were lining up"}, {"start": "00:03:19", "end": "00:03:24", "text": "back then too. Now of course we have the"}, {"start": "00:03:22", "end": "00:03:27", "text": "four-ear cycles. We did hit our high in"}, {"start": "00:03:24", "end": "00:03:30", "text": "October Q4 of 2025, but we're looking"}, {"start": "00:03:27", "end": "00:03:32", "text": "for lows to lows. And we can see that we"}, {"start": "00:03:30", "end": "00:03:36", "text": "haven't hit that point yet. But if you"}, {"start": "00:03:32", "end": "00:03:39", "text": "take a look at what is it day, the 20th,"}, {"start": "00:03:36", "end": "00:03:42", "text": "you're down not even close to 71%."}, {"start": "00:03:39", "end": "00:03:45", "text": "You're only down 35%. Now, does that"}, {"start": "00:03:42", "end": "00:03:47", "text": "mean that things can't go horribly wrong"}, {"start": "00:03:45", "end": "00:03:48", "text": "and we get into some craziness? I'm not"}, {"start": "00:03:47", "end": "00:03:50", "text": "saying that because I don't have a"}, {"start": "00:03:48", "end": "00:03:52", "text": "crystal ball, but things were a little"}, {"start": "00:03:50", "end": "00:03:54", "text": "bit different and uh this would have"}, {"start": "00:03:52", "end": "00:03:55", "text": "been the time when we were actually"}, {"start": "00:03:54", "end": "00:03:57", "text": "should have gone down if we were going"}, {"start": "00:03:55", "end": "00:04:00", "text": "to follow it, but didn't work out."}, {"start": "00:03:57", "end": "00:04:03", "text": "That's why we hedge against that and we"}, {"start": "00:04:00", "end": "00:04:07", "text": "buy during the bear. So, we have that."}, {"start": "00:04:03", "end": "00:04:09", "text": "And uh for me, I am leaning on three"}, {"start": "00:04:07", "end": "00:04:11", "text": "three heavyweights as we get into"}, {"start": "00:04:09", "end": "00:04:14", "text": "because we we got to the bear. We did a"}, {"start": "00:04:11", "end": "00:04:17", "text": "great job. We bought. Everybody's happy."}, {"start": "00:04:14", "end": "00:04:19", "text": "Now, the next thing becomes even harder"}, {"start": "00:04:17", "end": "00:04:22", "text": "than that, which is knowing when to take"}, {"start": "00:04:19", "end": "00:04:24", "text": "those profits. Now, I have a theory that"}, {"start": "00:04:22", "end": "00:04:27", "text": "a lot of you, like myself, are pretty"}, {"start": "00:04:24", "end": "00:04:30", "text": "good at dollar cost averaging, buying"}, {"start": "00:04:27", "end": "00:04:31", "text": "dips, diamond handing it. I have a"}, {"start": "00:04:30", "end": "00:04:34", "text": "feeling that a lot of you are not really"}, {"start": "00:04:31", "end": "00:04:37", "text": "great at taking profits like myself. I"}, {"start": "00:04:34", "end": "00:04:38", "text": "didn't do as good of a job as I should"}, {"start": "00:04:37", "end": "00:04:40", "text": "have, and I want to correct that. So,"}, {"start": "00:04:38", "end": "00:04:42", "text": "we're going to lead on these guys, Ben,"}, {"start": "00:04:40", "end": "00:04:44", "text": "Ivan, and Wes. And here's where we go"}, {"start": "00:04:42", "end": "00:04:48", "text": "for. So Ben, we're we're leaning on him"}, {"start": "00:04:44", "end": "00:04:51", "text": "for essentially what are the risk levels"}, {"start": "00:04:48", "end": "00:04:53", "text": "now today, which was pretty crazy. It"}, {"start": "00:04:51", "end": "00:04:55", "text": "was Monday, so I have to buy. This is"}, {"start": "00:04:53", "end": "00:04:57", "text": "the rules I set up six months ago. I'm"}, {"start": "00:04:55", "end": "00:05:01", "text": "not going to change anything yet."}, {"start": "00:04:57", "end": "00:05:04", "text": "When we get into the 0.4s,"}, {"start": "00:05:01", "end": "00:05:06", "text": "0.5 to 0.4 essentially, I'm buying my my"}, {"start": "00:05:04", "end": "00:05:08", "text": "same amount. When the risk levels go"}, {"start": "00:05:06", "end": "00:05:09", "text": "down, I mean the price goes down, I"}, {"start": "00:05:08", "end": "00:05:11", "text": "double up. When it goes down even"}, {"start": "00:05:09", "end": "00:05:13", "text": "further, I quadruple up. when it goes"}, {"start": "00:05:11", "end": "00:05:16", "text": "down even further, I 8x up. So, I'm"}, {"start": "00:05:13", "end": "00:05:17", "text": "paying a lot as the price goes down, but"}, {"start": "00:05:16", "end": "00:05:20", "text": "again, I've been rewarded. Things are"}, {"start": "00:05:17", "end": "00:05:22", "text": "good. As of today, this morning, the"}, {"start": "00:05:20", "end": "00:05:24", "text": "risk level was 0.4999."}, {"start": "00:05:22", "end": "00:05:27", "text": "So, it was the exact same one that I did"}, {"start": "00:05:24", "end": "00:05:29", "text": "last week. So, that worked out pretty"}, {"start": "00:05:27", "end": "00:05:31", "text": "well. And also, I'm I'm going to be"}, {"start": "00:05:29", "end": "00:05:34", "text": "using this, and we talked about this"}, {"start": "00:05:31", "end": "00:05:36", "text": "yesterday with Jerry about when I'm"}, {"start": "00:05:34", "end": "00:05:38", "text": "stopping when I'm stopping my dollar"}, {"start": "00:05:36", "end": "00:05:39", "text": "cost averaging. And there's a couple of"}, {"start": "00:05:38", "end": "00:05:41", "text": "criteria. You can take a look at that."}, {"start": "00:05:39", "end": "00:05:43", "text": "links in the description. Some people"}, {"start": "00:05:41", "end": "00:05:45", "text": "say, \"I'm buying forever.\" Okay. Well,"}, {"start": "00:05:43", "end": "00:05:47", "text": "at some point, you know, things get a"}, {"start": "00:05:45", "end": "00:05:49", "text": "little overheated. That's what it's been"}, {"start": "00:05:47", "end": "00:05:50", "text": "doing. But it's up to you. Whatever you"}, {"start": "00:05:49", "end": "00:05:53", "text": "want to do, this is what I'm doing. And"}, {"start": "00:05:50", "end": "00:05:56", "text": "I will say give a shout out to Ben today"}, {"start": "00:05:53", "end": "00:05:57", "text": "because he said it. He's like, \"Hey, I"}, {"start": "00:05:56", "end": "00:06:00", "text": "was wrong. I'm not going to make excuse"}, {"start": "00:05:57", "end": "00:06:03", "text": "if I like this. I'm not going to make"}, {"start": "00:06:00", "end": "00:06:05", "text": "excuses. I deserve to be dunked on.\""}, {"start": "00:06:03", "end": "00:06:07", "text": "First of all,"}, {"start": "00:06:05", "end": "00:06:09", "text": "let's say this. How many people say"}, {"start": "00:06:07", "end": "00:06:11", "text": "they're wrong? especially in the crypto"}, {"start": "00:06:09", "end": "00:06:13", "text": "space. Just think about that for a"}, {"start": "00:06:11", "end": "00:06:17", "text": "second."}, {"start": "00:06:13", "end": "00:06:20", "text": "Ah, not very many. Now, as you all know,"}, {"start": "00:06:17", "end": "00:06:22", "text": "I talked about how wrong I was. If you"}, {"start": "00:06:20", "end": "00:06:24", "text": "want to bring up Voyager and Celsius,"}, {"start": "00:06:22", "end": "00:06:26", "text": "I've been saying the last the same thing"}, {"start": "00:06:24", "end": "00:06:28", "text": "for four years like a broken record."}, {"start": "00:06:26", "end": "00:06:29", "text": "Voyager and Celsius was a mistake. I had"}, {"start": "00:06:28", "end": "00:06:31", "text": "those guys on, the CEOs came on,"}, {"start": "00:06:29", "end": "00:06:34", "text": "Alashinsky came on, lied right to my"}, {"start": "00:06:31", "end": "00:06:35", "text": "face. But you have to come out there and"}, {"start": "00:06:34", "end": "00:06:37", "text": "say, you know, if you think that you're"}, {"start": "00:06:35", "end": "00:06:39", "text": "wrong, you say you're wrong. And I"}, {"start": "00:06:37", "end": "00:06:41", "text": "learned this lesson a long time ago when"}, {"start": "00:06:39", "end": "00:06:42", "text": "I was in basic training in the army. I"}, {"start": "00:06:41", "end": "00:06:45", "text": "had a drill sergeant, Sergeant"}, {"start": "00:06:42", "end": "00:06:48", "text": "Berientes, and he told me very"}, {"start": "00:06:45", "end": "00:06:50", "text": "poignantly, \"Soldier, if you're wrong,"}, {"start": "00:06:48", "end": "00:06:52", "text": "you need to admit that you're wrong or"}, {"start": "00:06:50", "end": "00:06:53", "text": "people will die.\" It's a pretty good"}, {"start": "00:06:52", "end": "00:06:54", "text": "lesson. You know, when you're a"}, {"start": "00:06:53", "end": "00:06:56", "text": "19-year-old kid, you're like, \"Shoot, I"}, {"start": "00:06:54", "end": "00:06:57", "text": "probably should do that.\" And it stuck"}, {"start": "00:06:56", "end": "00:06:59", "text": "with me the whole time. So, when I'm"}, {"start": "00:06:57", "end": "00:07:01", "text": "wrong, I'll stand up there and I'll say"}, {"start": "00:06:59", "end": "00:07:03", "text": "I'm wrong. When people are wrong,"}, {"start": "00:07:01", "end": "00:07:04", "text": "they're not totally 100% correct, and"}, {"start": "00:07:03", "end": "00:07:06", "text": "they say, \"Ah, you know what? I messed"}, {"start": "00:07:04", "end": "00:07:07", "text": "it up. That was a big mistake.\" I like"}, {"start": "00:07:06", "end": "00:07:09", "text": "those people. Those are the people you"}, {"start": "00:07:07", "end": "00:07:10", "text": "want to surround yourself with because"}, {"start": "00:07:09", "end": "00:07:14", "text": "those are the ones that are the honest"}, {"start": "00:07:10", "end": "00:07:16", "text": "ones. So Ben's thought that Q4 was going"}, {"start": "00:07:14", "end": "00:07:18", "text": "to be a disaster and and it still might."}, {"start": "00:07:16", "end": "00:07:21", "text": "But he talks about how it took out the"}, {"start": "00:07:18", "end": "00:07:24", "text": "uh the uh May high. So we'll go from"}, {"start": "00:07:21", "end": "00:07:25", "text": "there. But uh regardless, hey, it is"}, {"start": "00:07:24", "end": "00:07:27", "text": "what it is. If you just want to hedge"}, {"start": "00:07:25", "end": "00:07:29", "text": "your bet like we talked about, things"}, {"start": "00:07:27", "end": "00:07:32", "text": "are looking pretty good and uh that's"}, {"start": "00:07:29", "end": "00:07:34", "text": "not too bad. Also, the other two"}, {"start": "00:07:32", "end": "00:07:36", "text": "heavyweights I'm leaning on is Ivan and"}, {"start": "00:07:34", "end": "00:07:38", "text": "Wes. And there's a link in the"}, {"start": "00:07:36", "end": "00:07:40", "text": "description for Ivan's program, the Bull"}, {"start": "00:07:38", "end": "00:07:44", "text": "Mania, which is always entertaining the"}, {"start": "00:07:40", "end": "00:07:47", "text": "way he says it. But, uh, it telling you,"}, {"start": "00:07:44", "end": "00:07:49", "text": "I mean, it's saying here bullish. It"}, {"start": "00:07:47", "end": "00:07:52", "text": "flipped bullish on the weekly and this"}, {"start": "00:07:49", "end": "00:07:55", "text": "was roughly 7th of September and that"}, {"start": "00:07:52", "end": "00:07:59", "text": "was when the price of Bitcoin was 75K."}, {"start": "00:07:55", "end": "00:08:02", "text": "Now, did you hit the 58 60K? No. But I"}, {"start": "00:07:59", "end": "00:08:05", "text": "mean not nobody's perfect. I mean shoot"}, {"start": "00:08:02", "end": "00:08:07", "text": "whatever. So he got that one and uh here"}, {"start": "00:08:05", "end": "00:08:09", "text": "he's saying like look on the weekly this"}, {"start": "00:08:07", "end": "00:08:11", "text": "is where we go. And what's interesting"}, {"start": "00:08:09", "end": "00:08:14", "text": "about Ivans, let's see if I can do this"}, {"start": "00:08:11", "end": "00:08:18", "text": "correctly. I always do this wrong."}, {"start": "00:08:14", "end": "00:08:21", "text": "There we go. He did a good job back in"}, {"start": "00:08:18", "end": "00:08:24", "text": "2023 when the price of Bitcoin was"}, {"start": "00:08:21", "end": "00:08:27", "text": "around 17. Is [snorts] that right?"}, {"start": "00:08:24", "end": "00:08:28", "text": "20K. and he said, \"Hey, we went from"}, {"start": "00:08:27", "end": "00:08:30", "text": "bearish to bullish. Time to start"}, {"start": "00:08:28", "end": "00:08:33", "text": "buying.\" And he did this all the way up"}, {"start": "00:08:30", "end": "00:08:35", "text": "to here. Now, he didn't do like a"}, {"start": "00:08:33", "end": "00:08:37", "text": "perfect job of calling the low 10"}, {"start": "00:08:35", "end": "00:08:40", "text": "whatever this is 102, something like"}, {"start": "00:08:37", "end": "00:08:42", "text": "that, but not too bad. So, I like that."}, {"start": "00:08:40", "end": "00:08:43", "text": "And then my man Wes did a really good"}, {"start": "00:08:42", "end": "00:08:47", "text": "job. And we talked about this yesterday."}, {"start": "00:08:43", "end": "00:08:49", "text": "And even his is saying to buy. So, I'm"}, {"start": "00:08:47", "end": "00:08:51", "text": "leaning on those things and uh hopefully"}, {"start": "00:08:49", "end": "00:08:54", "text": "it works out this time and we'll we'll"}, {"start": "00:08:51", "end": "00:08:57", "text": "go from there. But things are looking to"}, {"start": "00:08:54", "end": "00:09:01", "text": "be a buy. I'm personally hoping we still"}, {"start": "00:08:57", "end": "00:09:04", "text": "go down in Q4 because I believe where"}, {"start": "00:09:01", "end": "00:09:07", "text": "things are going are going to be higher"}, {"start": "00:09:04", "end": "00:09:10", "text": "ROI, but we'll see. This lead me to my"}, {"start": "00:09:07", "end": "00:09:11", "text": "last point, which is some people get it"}, {"start": "00:09:10", "end": "00:09:12", "text": "and some people just don't get it and"}, {"start": "00:09:11", "end": "00:09:15", "text": "they'll never get it and you're just"}, {"start": "00:09:12", "end": "00:09:17", "text": "wasting your breath. This is uh Jason"}, {"start": "00:09:15", "end": "00:09:20", "text": "Kellanakis. He is the host of Allen Pod."}, {"start": "00:09:17", "end": "00:09:23", "text": "smart guy, great investor, got in early"}, {"start": "00:09:20", "end": "00:09:27", "text": "on a lot of uh different big Silicon"}, {"start": "00:09:23", "end": "00:09:29", "text": "Valley uh projects, Uber and Facebook,"}, {"start": "00:09:27", "end": "00:09:32", "text": "stuff like that, I believe. And uh this"}, {"start": "00:09:29", "end": "00:09:35", "text": "is him just last week talking about how"}, {"start": "00:09:32", "end": "00:09:38", "text": "Bitcoin is losing and it's just old tech"}, {"start": "00:09:35", "end": "00:09:40", "text": "and essentially it's like AOL. But he's"}, {"start": "00:09:38", "end": "00:09:42", "text": "been saying this since 2011. But I want"}, {"start": "00:09:40", "end": "00:09:44", "text": "you to take a look at this and just"}, {"start": "00:09:42", "end": "00:09:45", "text": "remember and I even said I'm like"}, {"start": "00:09:44", "end": "00:09:46", "text": "sometimes I forget that people are"}, {"start": "00:09:45", "end": "00:09:48", "text": "critics now and they're going to be"}, {"start": "00:09:46", "end": "00:09:51", "text": "critics forever and that's just who you"}, {"start": "00:09:48", "end": "00:09:53", "text": "got to deal with as we're in this space."}, {"start": "00:09:51", "end": "00:09:54", "text": "So take a listen. This is Jason"}, {"start": "00:09:53", "end": "00:09:56", "text": "throughout the years about a minute or"}, {"start": "00:09:54", "end": "00:09:59", "text": "so from 2011 and all you had to do was"}, {"start": "00:09:56", "end": "00:10:01", "text": "buy like a hundred bucks. I'd be a"}, {"start": "00:09:59", "end": "00:10:02", "text": "billionaire by now. Who knows if he's"}, {"start": "00:10:01", "end": "00:10:03", "text": "not already. I don't remember. Here we"}, {"start": "00:10:02", "end": "00:10:04", "text": "go."}, {"start": "00:10:03", "end": "00:10:06", "text": ">> And I went to my settings and I said"}, {"start": "00:10:04", "end": "00:10:06", "text": "generate coins."}, {"start": "00:10:06", "end": "00:10:08", "text": ">> Um"}, {"start": "00:10:06", "end": "00:10:11", "text": ">> yeah, that's a really bad idea."}, {"start": "00:10:08", "end": "00:10:13", "text": ">> Oh, is it? It is on that on I'm assuming"}, {"start": "00:10:11", "end": "00:10:14", "text": "you're running on a laptop there."}, {"start": "00:10:13", "end": "00:10:16", "text": ">> Yeah."}, {"start": "00:10:14", "end": "00:10:18", "text": ">> You'll spend more on electricity than"}, {"start": "00:10:16", "end": "00:10:20", "text": "the value you get in bitcoins."}, {"start": "00:10:18", "end": "00:10:22", "text": ">> And if developers like something, they"}, {"start": "00:10:20", "end": "00:10:24", "text": "tend to use it. If they use it, it tends"}, {"start": "00:10:22", "end": "00:10:26", "text": "to become the default. And I think this"}, {"start": "00:10:24", "end": "00:10:27", "text": "as open source"}, {"start": "00:10:26", "end": "00:10:30", "text": ">> uh you know, like you're already seeing"}, {"start": "00:10:27", "end": "00:10:32", "text": "people start to accept it for"}, {"start": "00:10:30", "end": "00:10:33", "text": ">> uh people are starting to accept it for"}, {"start": "00:10:32", "end": "00:10:36", "text": "coffee and stuff like that at some of"}, {"start": "00:10:33", "end": "00:10:38", "text": "the cafes in in Silicon Valley. And so"}, {"start": "00:10:36", "end": "00:10:40", "text": "it's going to be very interesting if,"}, {"start": "00:10:38", "end": "00:10:42", "text": "for example, Square builds Bitcoin"}, {"start": "00:10:40", "end": "00:10:44", "text": "support into it. And if that happens,"}, {"start": "00:10:42", "end": "00:10:46", "text": "we're going to $1,000 a bitcoin. So this"}, {"start": "00:10:44", "end": "00:10:49", "text": "is very dangerous territory. I would"}, {"start": "00:10:46", "end": "00:10:50", "text": "advise people to be very careful. And"}, {"start": "00:10:49", "end": "00:10:53", "text": "it's certainly a bubble. The question"}, {"start": "00:10:50", "end": "00:10:55", "text": "is, is it are we halfway to the bubble"}, {"start": "00:10:53", "end": "00:10:57", "text": "popping or 90% of the way to the bubble"}, {"start": "00:10:55", "end": "00:10:59", "text": "popping? The people in the industry are"}, {"start": "00:10:57", "end": "00:11:01", "text": "very concerned. The most intelligent"}, {"start": "00:10:59", "end": "00:11:02", "text": "people I know who were at here since the"}, {"start": "00:11:01", "end": "00:11:05", "text": "start of the industry are saying it's a"}, {"start": "00:11:02", "end": "00:11:07", "text": "bubble. And there's a a very significant"}, {"start": "00:11:05", "end": "00:11:08", "text": "I would say maybe a third chance that"}, {"start": "00:11:07", "end": "00:11:11", "text": "Bitcoin goes to zero."}, {"start": "00:11:08", "end": "00:11:13", "text": ">> I haven't bought more."}, {"start": "00:11:11", "end": "00:11:15", "text": "And the I've actually thought about just"}, {"start": "00:11:13", "end": "00:11:20", "text": "putting 1% of my net worth into Bitcoin."}, {"start": "00:11:15", "end": "00:11:22", "text": "Bitcoin is so um played out. Uh I think"}, {"start": "00:11:20", "end": "00:11:25", "text": "everybody has like some exposure to it"}, {"start": "00:11:22", "end": "00:11:26", "text": "who would have wanted exposure by now"}, {"start": "00:11:25", "end": "00:11:30", "text": "that there's no incremental buyers of"}, {"start": "00:11:26", "end": "00:11:35", "text": "Bitcoin. Um, and I think people have"}, {"start": "00:11:30", "end": "00:11:35", "text": "essentially ended the game of Bitcoin."}, {"start": "00:11:36", "end": "00:11:42", "text": ">> That is who you dunk on. So again, I"}, {"start": "00:11:40", "end": "00:11:43", "text": "mean, Jason, smart guy, highly"}, {"start": "00:11:42", "end": "00:11:46", "text": "entertaining. I like love him on the"}, {"start": "00:11:43", "end": "00:11:49", "text": "All- In podcast, but he's 100%"}, {"start": "00:11:46", "end": "00:11:51", "text": "incorrect. So anyhow, we have that and"}, {"start": "00:11:49", "end": "00:11:53", "text": "we talk about Bitcoin. We know it's"}, {"start": "00:11:51", "end": "00:11:54", "text": "going to do well. It's a safe bet. I"}, {"start": "00:11:53", "end": "00:11:56", "text": "mean, I can't tell. It's like it's a"}, {"start": "00:11:54", "end": "00:11:57", "text": "100% safe bet. We're going to see some"}, {"start": "00:11:56", "end": "00:11:59", "text": "volatility, that's for sure. But"}, {"start": "00:11:57", "end": "00:12:01", "text": "remember that we have Bitcoin and now"}, {"start": "00:11:59", "end": "00:12:04", "text": "that we're getting into this little bit"}, {"start": "00:12:01", "end": "00:12:06", "text": "of more of a bullish market."}, {"start": "00:12:04", "end": "00:12:07", "text": "Again, I've been, you know, dollar cost"}, {"start": "00:12:06", "end": "00:12:09", "text": "averaging some altcoins along the way."}, {"start": "00:12:07", "end": "00:12:12", "text": "Not much. Not much, but I think it's"}, {"start": "00:12:09", "end": "00:12:15", "text": "time to turn things on. As a reminder, I"}, {"start": "00:12:12", "end": "00:12:17", "text": "still believe that uh roughly three part"}, {"start": "00:12:15", "end": "00:12:20", "text": "speculation, one part utility will send"}, {"start": "00:12:17", "end": "00:12:24", "text": "an altcoin skyrocketing. And we talked"}, {"start": "00:12:20", "end": "00:12:26", "text": "this weekend about um Avalanche and we"}, {"start": "00:12:24", "end": "00:12:29", "text": "talked about how Kevin Liry was a part"}, {"start": "00:12:26", "end": "00:12:30", "text": "of their conference. And during that"}, {"start": "00:12:29", "end": "00:12:32", "text": "conference he talked about how great"}, {"start": "00:12:30", "end": "00:12:34", "text": "Avalanche is. We're going to take a look"}, {"start": "00:12:32", "end": "00:12:36", "text": "at it. But he also said that for some"}, {"start": "00:12:34", "end": "00:12:39", "text": "reason Kevin Liry is certain Ethereum is"}, {"start": "00:12:36", "end": "00:12:41", "text": "certain Ethereum won't be the standard"}, {"start": "00:12:39", "end": "00:12:43", "text": "across industry sectors. Shark Tank says"}, {"start": "00:12:41", "end": "00:12:44", "text": "these coins could get interest. Of"}, {"start": "00:12:43", "end": "00:12:46", "text": "course, he's talking about Avalanche,"}, {"start": "00:12:44", "end": "00:12:49", "text": "and I don't know if that's his own"}, {"start": "00:12:46", "end": "00:12:52", "text": "analysis, but uh he was pretty gung-ho."}, {"start": "00:12:49", "end": "00:12:54", "text": "First of all, he was pretty anti-"}, {"start": "00:12:52", "end": "00:12:55", "text": "Bitcoin. Then he became, okay, Bitcoin"}, {"start": "00:12:54", "end": "00:12:57", "text": "makes a lot of sense. Then it was"}, {"start": "00:12:55", "end": "00:12:59", "text": "Bitcoin, Ethereum, and now it's like,"}, {"start": "00:12:57", "end": "00:13:01", "text": "okay, well, now it's this other thing."}, {"start": "00:12:59", "end": "00:13:03", "text": "And that could be just you changing your"}, {"start": "00:13:01", "end": "00:13:05", "text": "view because you, as the data changes,"}, {"start": "00:13:03", "end": "00:13:07", "text": "you change. That's pretty much how it"}, {"start": "00:13:05", "end": "00:13:09", "text": "works. You can't just be, you know, I"}, {"start": "00:13:07", "end": "00:13:11", "text": "have one view and I don't want to learn"}, {"start": "00:13:09", "end": "00:13:13", "text": "anything else about that and just keep"}, {"start": "00:13:11", "end": "00:13:15", "text": "going forward. You have to make"}, {"start": "00:13:13", "end": "00:13:17", "text": "different subtleties and corrections"}, {"start": "00:13:15", "end": "00:13:20", "text": "along the way. I think that's what it"}, {"start": "00:13:17", "end": "00:13:23", "text": "is. But I will say Avalanche is looking"}, {"start": "00:13:20", "end": "00:13:24", "text": "pretty good. And I was kind of saying, I"}, {"start": "00:13:23", "end": "00:13:26", "text": "don't really think it's that great. I"}, {"start": "00:13:24", "end": "00:13:29", "text": "mean, it's been around for, you know,"}, {"start": "00:13:26", "end": "00:13:32", "text": "since 2020, I believe. But we can see it"}, {"start": "00:13:29", "end": "00:13:34", "text": "here that this is from ADK. I think he's"}, {"start": "00:13:32", "end": "00:13:36", "text": "one of the developers"}, {"start": "00:13:34", "end": "00:13:38", "text": "AVAC team. And he talks about and he"}, {"start": "00:13:36", "end": "00:13:41", "text": "lays it out like this is a very simple"}, {"start": "00:13:38", "end": "00:13:43", "text": "thing of like what AVAC is and what it"}, {"start": "00:13:41", "end": "00:13:46", "text": "could be. And again, remember utilities"}, {"start": "00:13:43", "end": "00:13:48", "text": "great, but speculation right now is"}, {"start": "00:13:46", "end": "00:13:50", "text": "king. However, utility is looking pretty"}, {"start": "00:13:48", "end": "00:13:52", "text": "good. 87 billion New York Life"}, {"start": "00:13:50", "end": "00:13:54", "text": "Investment Management is bringing its"}, {"start": "00:13:52", "end": "00:13:55", "text": "first tokenized fund to Avalanche,"}, {"start": "00:13:54", "end": "00:13:56", "text": "expanding institutional asset"}, {"start": "00:13:55", "end": "00:13:58", "text": "management. That's a pretty big thing."}, {"start": "00:13:56", "end": "00:14:00", "text": "Almost a trillion dollar life"}, {"start": "00:13:58", "end": "00:14:03", "text": "management, New York Life, bringing it"}, {"start": "00:14:00", "end": "00:14:05", "text": "to Avalanche. Half a billion dollar"}, {"start": "00:14:03", "end": "00:14:07", "text": "global asset manager Janice Henderson is"}, {"start": "00:14:05", "end": "00:14:09", "text": "now an avalanche validator. Bring"}, {"start": "00:14:07", "end": "00:14:11", "text": "another major financial institution. I"}, {"start": "00:14:09", "end": "00:14:14", "text": "will say like validators are nice and"}, {"start": "00:14:11", "end": "00:14:17", "text": "it's adorable but as a reminder Google"}, {"start": "00:14:14", "end": "00:14:20", "text": "was a validator for theta all those"}, {"start": "00:14:17", "end": "00:14:22", "text": "years ago and that sent it off to like a"}, {"start": "00:14:20", "end": "00:14:24", "text": "skyrocketing and you might ask yourself"}, {"start": "00:14:22", "end": "00:14:27", "text": "what's a theta and to that I say yeah"}, {"start": "00:14:24", "end": "00:14:29", "text": "exactly so we have that United Arab"}, {"start": "00:14:27", "end": "00:14:31", "text": "Emirates UAE is integrating AVAC into"}, {"start": "00:14:29", "end": "00:14:33", "text": "its national digital identity avalanche"}, {"start": "00:14:31", "end": "00:14:35", "text": "is now live across Paxos we're building"}, {"start": "00:14:33", "end": "00:14:38", "text": "a financial number structure Korea's"}, {"start": "00:14:35", "end": "00:14:40", "text": "first stable coin the one KRW1 is going"}, {"start": "00:14:38", "end": "00:14:41", "text": "global through rain cards through"}, {"start": "00:14:40", "end": "00:14:43", "text": "Avalanche and the New York Stock"}, {"start": "00:14:41", "end": "00:14:45", "text": "Exchange is developing an Avalanche"}, {"start": "00:14:43", "end": "00:14:48", "text": "platform designed to bring 247 trading"}, {"start": "00:14:45", "end": "00:14:49", "text": "on chain signaling another major move"}, {"start": "00:14:48", "end": "00:14:51", "text": "towards capital markets. And there's a"}, {"start": "00:14:49", "end": "00:14:52", "text": "couple of different things out here that"}, {"start": "00:14:51", "end": "00:14:54", "text": "I'll link in the description. You can"}, {"start": "00:14:52", "end": "00:14:56", "text": "check it out. But Avalanche has made"}, {"start": "00:14:54", "end": "00:14:57", "text": "moves and it's looking pretty good. How"}, {"start": "00:14:56", "end": "00:15:01", "text": "has that worked out for the price"}, {"start": "00:14:57", "end": "00:15:04", "text": "action? Not too bad. In the last month"}, {"start": "00:15:01", "end": "00:15:06", "text": "or so, we are up uh roughly 50% and"}, {"start": "00:15:04", "end": "00:15:09", "text": "doesn't this chart look good? Oh, yummy."}, {"start": "00:15:06", "end": "00:15:11", "text": "Very nice. Oh, I missed it. I missed it,"}, {"start": "00:15:09", "end": "00:15:14", "text": "Rob. I missed it like I missed Bitcoin"}, {"start": "00:15:11", "end": "00:15:16", "text": "and now I missed No, you didn't. Let's"}, {"start": "00:15:14", "end": "00:15:18", "text": "take a look at three months, shall we?"}, {"start": "00:15:16", "end": "00:15:20", "text": "Three months actually pretty good. I"}, {"start": "00:15:18", "end": "00:15:21", "text": "should take that back. One year. Okay. A"}, {"start": "00:15:20", "end": "00:15:24", "text": "little bit different. Little bit"}, {"start": "00:15:21", "end": "00:15:27", "text": "different story. We were over 30 bucks."}, {"start": "00:15:24", "end": "00:15:28", "text": "Now we're at $11. Bare markets are bare"}, {"start": "00:15:27", "end": "00:15:30", "text": "markets. This is why it's important to"}, {"start": "00:15:28", "end": "00:15:32", "text": "take profits. No, everyone went broke"}, {"start": "00:15:30", "end": "00:15:38", "text": "doing that. And as a reminder, as far as"}, {"start": "00:15:32", "end": "00:15:40", "text": "like max out, uh, Avalanche used to be"}, {"start": "00:15:38", "end": "00:15:44", "text": "$130"}, {"start": "00:15:40", "end": "00:15:47", "text": "per token. So when I say"}, {"start": "00:15:44", "end": "00:15:50", "text": "speculation versus utility, do you think"}, {"start": "00:15:47", "end": "00:15:53", "text": "that Avalanche has more utility now at"}, {"start": "00:15:50", "end": "00:15:56", "text": "$11 or does it have more utility back"}, {"start": "00:15:53", "end": "00:15:59", "text": "then on 2021 after it launched for less"}, {"start": "00:15:56", "end": "00:16:02", "text": "than a year and was at $130 per token?"}, {"start": "00:15:59", "end": "00:16:04", "text": "which one was it? Now, to be fair, we"}, {"start": "00:16:02", "end": "00:16:06", "text": "have to also know the tokconomics. And"}, {"start": "00:16:04", "end": "00:16:09", "text": "we can see that the unlock schedule"}, {"start": "00:16:06", "end": "00:16:11", "text": "right now, you're not unlocked all of"}, {"start": "00:16:09", "end": "00:16:13", "text": "it. You actually have 557 million"}, {"start": "00:16:11", "end": "00:16:17", "text": "Avalanche tokens unlocked. But how much"}, {"start": "00:16:13", "end": "00:16:20", "text": "was back in the day of was this 2021,"}, {"start": "00:16:17", "end": "00:16:20", "text": "November?"}, {"start": "00:16:20", "end": "00:16:26", "text": "Minuscule. That's 2020. I take that"}, {"start": "00:16:23", "end": "00:16:26", "text": "back."}, {"start": "00:16:27", "end": "00:16:32", "text": "262 million."}, {"start": "00:16:29", "end": "00:16:35", "text": "verse 550 million. So you had roughly"}, {"start": "00:16:32", "end": "00:16:37", "text": "half of the circulating supply and that"}, {"start": "00:16:35", "end": "00:16:40", "text": "is called inflation. Go take a look at"}, {"start": "00:16:37", "end": "00:16:42", "text": "the US government. We're masters at it."}, {"start": "00:16:40", "end": "00:16:43", "text": "So looking for that you can say it might"}, {"start": "00:16:42", "end": "00:16:45", "text": "hit an alltime high. It might do it."}, {"start": "00:16:43", "end": "00:16:47", "text": "Might be something to get into. Just"}, {"start": "00:16:45", "end": "00:16:48", "text": "putting it out there that utilities"}, {"start": "00:16:47", "end": "00:16:50", "text": "looking pretty good. And now that"}, {"start": "00:16:48", "end": "00:16:51", "text": "speculation is there because Kevin Larry"}, {"start": "00:16:50", "end": "00:16:54", "text": "is talking about it that could be the"}, {"start": "00:16:51", "end": "00:16:56", "text": "biggest factor. This is why we I want to"}, {"start": "00:16:54", "end": "00:16:58", "text": "take a look at this altcoin season"}, {"start": "00:16:56", "end": "00:17:00", "text": "index. I know people are rolling their"}, {"start": "00:16:58", "end": "00:17:01", "text": "eyes. Another indicator, Rob, but just"}, {"start": "00:17:00", "end": "00:17:03", "text": "wait. This is one of the ones I we"}, {"start": "00:17:01", "end": "00:17:06", "text": "talked about yesterday, which looked"}, {"start": "00:17:03", "end": "00:17:07", "text": "pretty good. Once things go above 75, I"}, {"start": "00:17:06", "end": "00:17:11", "text": "want to point this out to you. Look at"}, {"start": "00:17:07", "end": "00:17:14", "text": "this. 18th of September, 2025."}, {"start": "00:17:11", "end": "00:17:17", "text": "This is when it said pretty much time to"}, {"start": "00:17:14", "end": "00:17:19", "text": "sell. And people are like, \"No, doesn't"}, {"start": "00:17:17", "end": "00:17:21", "text": "make any sense because Bitcoin hasn't"}, {"start": "00:17:19", "end": "00:17:23", "text": "hit its all-time high.\""}, {"start": "00:17:21", "end": "00:17:27", "text": "Or, excuse me, Bitcoin hasn't topped"}, {"start": "00:17:23", "end": "00:17:30", "text": "out. And we know from 2021 and 2018 that"}, {"start": "00:17:27", "end": "00:17:32", "text": "first Bitcoin has to run and then it"}, {"start": "00:17:30", "end": "00:17:34", "text": "moves to the large cap alts and then it"}, {"start": "00:17:32", "end": "00:17:35", "text": "moves to the small caps. That's how it's"}, {"start": "00:17:34", "end": "00:17:37", "text": "always been. That's how it is. But"}, {"start": "00:17:35", "end": "00:17:39", "text": "that's not how it worked. If you would"}, {"start": "00:17:37", "end": "00:17:41", "text": "have listened to this 18th September"}, {"start": "00:17:39", "end": "00:17:44", "text": "2025, I don't have that date per se. I"}, {"start": "00:17:41", "end": "00:17:46", "text": "have 14th of September 2025. Look at"}, {"start": "00:17:44", "end": "00:17:49", "text": "these prices."}, {"start": "00:17:46", "end": "00:17:51", "text": "Ethereum $4,600. I don't even know what"}, {"start": "00:17:49", "end": "00:17:55", "text": "it is today. I know it ain't 4,600"}, {"start": "00:17:51", "end": "00:17:59", "text": "bucks. I want to say 2,700. 2,000 less"}, {"start": "00:17:55", "end": "00:18:02", "text": "or more. XRP three bucks. Solana 240"}, {"start": "00:17:59", "end": "00:18:04", "text": "bucks. BNB roughly a thousand. Dogecoin"}, {"start": "00:18:02", "end": "00:18:06", "text": "was 27 cents and Tron was well Tron's"}, {"start": "00:18:04", "end": "00:18:09", "text": "about the same. Cardana was almost a"}, {"start": "00:18:06", "end": "00:18:10", "text": "dollar. Hyperlid big three. So if you're"}, {"start": "00:18:09", "end": "00:18:13", "text": "looking at this one, this is one"}, {"start": "00:18:10", "end": "00:18:15", "text": "probably to to watch. And that's why as"}, {"start": "00:18:13", "end": "00:18:19", "text": "we go through this journey together, I"}, {"start": "00:18:15", "end": "00:18:21", "text": "will be talking about the big three and"}, {"start": "00:18:19", "end": "00:18:22", "text": "I will talk be talking about the altcoin"}, {"start": "00:18:21", "end": "00:18:25", "text": "season index. I think it looks pretty"}, {"start": "00:18:22", "end": "00:18:27", "text": "good. And as a reminder, it's not just,"}, {"start": "00:18:25", "end": "00:18:29", "text": "you know, Avalanche and a little bit of"}, {"start": "00:18:27", "end": "00:18:31", "text": "altcoins. This is just a little thing to"}, {"start": "00:18:29", "end": "00:18:33", "text": "keep into your the back of your your"}, {"start": "00:18:31", "end": "00:18:36", "text": "head as you're thinking about should I"}, {"start": "00:18:33", "end": "00:18:38", "text": "get an altcoins. Apple and Google hire"}, {"start": "00:18:36", "end": "00:18:40", "text": "for a stable coin related roles as they"}, {"start": "00:18:38", "end": "00:18:42", "text": "explore payments, financial business,"}, {"start": "00:18:40", "end": "00:18:44", "text": "and tokenization of real world assets."}, {"start": "00:18:42", "end": "00:18:46", "text": "You're going to hear that that term a"}, {"start": "00:18:44", "end": "00:18:48", "text": "lot. Apple is hiring a financial product"}, {"start": "00:18:46", "end": "00:18:50", "text": "strategy lead for Apple with knowledge"}, {"start": "00:18:48", "end": "00:18:53", "text": "of stable coins, tokenized deposits, and"}, {"start": "00:18:50", "end": "00:18:55", "text": "blockchain required. Google is hiring an"}, {"start": "00:18:53", "end": "00:18:57", "text": "industry principal architect for web 3"}, {"start": "00:18:55", "end": "00:18:59", "text": "in Hong Kong seeking experience in real"}, {"start": "00:18:57", "end": "00:19:00", "text": "world asset tokenization, stable coin"}, {"start": "00:18:59", "end": "00:19:01", "text": "payments, tokenized deposits, and"}, {"start": "00:19:00", "end": "00:19:04", "text": "digital asset custody. It's the same"}, {"start": "00:19:01", "end": "00:19:06", "text": "thing going over. So, as you get into"}, {"start": "00:19:04", "end": "00:19:08", "text": "that, I know a lot of you guys are"}, {"start": "00:19:06", "end": "00:19:11", "text": "masters at this. I'm just going to let"}, {"start": "00:19:08", "end": "00:19:14", "text": "you know that if you'd like to use my"}, {"start": "00:19:11", "end": "00:19:16", "text": "favorite exchange called Kraken, you get"}, {"start": "00:19:14", "end": "00:19:18", "text": "$25 when you sign up. Now, this is an"}, {"start": "00:19:16", "end": "00:19:20", "text": "affiliate link. If you can't stand"}, {"start": "00:19:18", "end": "00:19:22", "text": "affiliate links, just go right to what"}, {"start": "00:19:20", "end": "00:19:25", "text": "is this? kraken.com and sign up, but you"}, {"start": "00:19:22", "end": "00:19:26", "text": "don't get 25 bucks. Just saying. And as"}, {"start": "00:19:25", "end": "00:19:28", "text": "a reminder, there's a link in the"}, {"start": "00:19:26", "end": "00:19:31", "text": "description where I explain and I did"}, {"start": "00:19:28", "end": "00:19:34", "text": "this video almost a year ago, maybe nine"}, {"start": "00:19:31", "end": "00:19:36", "text": "months, I don't remember. But I explain"}, {"start": "00:19:34", "end": "00:19:39", "text": "why I only use Kraken for altcoins. Now,"}, {"start": "00:19:36", "end": "00:19:41", "text": "for Bitcoin, I'm using Cash Cash App,"}, {"start": "00:19:39", "end": "00:19:43", "text": "but for Kraken, it's a quick eight"}, {"start": "00:19:41", "end": "00:19:45", "text": "minute video. It's got about 51,000"}, {"start": "00:19:43", "end": "00:19:47", "text": "views. And I talk about, you know,"}, {"start": "00:19:45", "end": "00:19:49", "text": "Antonopoulos here saying like, \"Treat"}, {"start": "00:19:47", "end": "00:19:51", "text": "all exchanges like a public bathroom. go"}, {"start": "00:19:49", "end": "00:19:54", "text": "in, do your business, and get out ASAP."}, {"start": "00:19:51", "end": "00:19:56", "text": "You know who also said that? The CEO of"}, {"start": "00:19:54", "end": "00:19:58", "text": "Kraken. He said, \"Don't leave your stuff"}, {"start": "00:19:56", "end": "00:20:00", "text": "on my exchange. Get it off.\" I got to"}, {"start": "00:19:58", "end": "00:20:03", "text": "tell you, I respect that. And it's been"}, {"start": "00:20:00", "end": "00:20:05", "text": "around since 2011. Never been hacked."}, {"start": "00:20:03", "end": "00:20:07", "text": "190 plus countries. That's why I think"}, {"start": "00:20:05", "end": "00:20:09", "text": "it's a workout for you. They have a"}, {"start": "00:20:07", "end": "00:20:10", "text": "proof of reserve audits. They they list"}, {"start": "00:20:09", "end": "00:20:12", "text": "it right there for you. There's links in"}, {"start": "00:20:10", "end": "00:20:14", "text": "the description. You can check that out."}, {"start": "00:20:12", "end": "00:20:15", "text": "Then also, you can trade stocks if you"}, {"start": "00:20:14", "end": "00:20:17", "text": "want to do that type of stuff. Oh, and"}, {"start": "00:20:15", "end": "00:20:19", "text": "also doesn't go down like the rest of"}, {"start": "00:20:17", "end": "00:20:21", "text": "these guys. Coinbase, Binance, and KCo"}, {"start": "00:20:19", "end": "00:20:24", "text": "coin usually stays up does pretty well."}, {"start": "00:20:21", "end": "00:20:26", "text": "And the crazy part, I I don't know if"}, {"start": "00:20:24", "end": "00:20:29", "text": "you can see that, but as far as like"}, {"start": "00:20:26", "end": "00:20:31", "text": "contact support,"}, {"start": "00:20:29", "end": "00:20:33", "text": "I actually talked to some a real person."}, {"start": "00:20:31", "end": "00:20:35", "text": "I even put it right here. I said, \"Hey,"}, {"start": "00:20:33", "end": "00:20:38", "text": "uh I said, I have I'm having a problem"}, {"start": "00:20:35", "end": "00:20:39", "text": "with my account.\" And this thing popped"}, {"start": "00:20:38", "end": "00:20:40", "text": "up and it says, \"Please give me a brief"}, {"start": "00:20:39", "end": "00:20:43", "text": "moment while I read up your previous.\""}, {"start": "00:20:40", "end": "00:20:44", "text": "And I said, \"Hey, Axel, are you real?\""}, {"start": "00:20:43", "end": "00:20:46", "text": "And I expected like some kind of like"}, {"start": "00:20:44", "end": "00:20:49", "text": "bot response. No, no, I'm I'm a real"}, {"start": "00:20:46", "end": "00:20:53", "text": "person. I go, \"Wow, that's crazy.\" And"}, {"start": "00:20:49", "end": "00:20:55", "text": "uh yeah, real people. Low fees. Oh,"}, {"start": "00:20:53", "end": "00:20:57", "text": "Coinbase One is only five bucks a month"}, {"start": "00:20:55", "end": "00:20:59", "text": "as opposed to like 30 bucks a month for"}, {"start": "00:20:57", "end": "00:21:01", "text": "Coinbase One or sorry, Kraken Plus is"}, {"start": "00:20:59", "end": "00:21:02", "text": "five bucks. And the spread is"}, {"start": "00:21:01", "end": "00:21:04", "text": "reasonable. Again, watch that video"}, {"start": "00:21:02", "end": "00:21:06", "text": "where I explain the spread, how much"}, {"start": "00:21:04", "end": "00:21:07", "text": "you're getting screwed over for all"}, {"start": "00:21:06", "end": "00:21:11", "text": "these different exchanges. It's"}, {"start": "00:21:07", "end": "00:21:13", "text": "ridiculous. Anyhow, that's it for today."}, {"start": "00:21:11", "end": "00:21:15", "text": "Like today's video, give it a thumbs up."}, {"start": "00:21:13", "end": "00:21:17", "text": "Consider subscribing. we talk about is"}, {"start": "00:21:15", "end": "00:21:19", "text": "relatively timesensitive. Now, let's go"}, {"start": "00:21:17", "end": "00:21:21", "text": "on the best part of the show, Q&A. I"}, {"start": "00:21:19", "end": "00:21:22", "text": "answer all your questions to the best of"}, {"start": "00:21:21", "end": "00:21:25", "text": "my abilities, then we get out of here."}, {"start": "00:21:22", "end": "00:21:28", "text": "All right."}, {"start": "00:21:25", "end": "00:21:32", "text": "Who says Cash App gives bad pricing by"}, {"start": "00:21:28", "end": "00:21:35", "text": "No. If you do oneoff,"}, {"start": "00:21:32", "end": "00:21:37", "text": "if you do oneoff buys on Cash App, you"}, {"start": "00:21:35", "end": "00:21:39", "text": "are right, Yousef. It gets pretty awful."}, {"start": "00:21:37", "end": "00:21:42", "text": "That's why you have to set it up as a"}, {"start": "00:21:39", "end": "00:21:44", "text": "recurring buy and the spreads. And I"}, {"start": "00:21:42", "end": "00:21:45", "text": "already took a look at it. I I I talked"}, {"start": "00:21:44", "end": "00:21:46", "text": "about in the actually the cash app"}, {"start": "00:21:45", "end": "00:21:48", "text": "video. I should actually link that in"}, {"start": "00:21:46", "end": "00:21:50", "text": "description too and I compare it to all"}, {"start": "00:21:48", "end": "00:21:53", "text": "the exchanges. It is the best one that I"}, {"start": "00:21:50", "end": "00:21:55", "text": "have now. That was eight"}, {"start": "00:21:53", "end": "00:21:58", "text": "nine months ago unless things have"}, {"start": "00:21:55", "end": "00:22:00", "text": "changed. But uh those spreads were"}, {"start": "00:21:58", "end": "00:22:05", "text": "almost non-existent and there was no"}, {"start": "00:22:00", "end": "00:22:08", "text": "fees. So I'll take it. Howdy. But but to"}, {"start": "00:22:05", "end": "00:22:10", "text": "be fair uh is correct on the one time."}, {"start": "00:22:08", "end": "00:22:12", "text": "They really do screw you on on those"}, {"start": "00:22:10", "end": "00:22:15", "text": "prices."}, {"start": "00:22:12", "end": "00:22:17", "text": "Ah,"}, {"start": "00:22:15", "end": "00:22:19", "text": "Iran learned their lessons by buying"}, {"start": "00:22:17", "end": "00:22:22", "text": "proof of stake coins stolen by Trump."}, {"start": "00:22:19", "end": "00:22:23", "text": "That's pretty good."}, {"start": "00:22:22", "end": "00:22:25", "text": "Uh, Scoan had a question in the"}, {"start": "00:22:23", "end": "00:22:27", "text": "beginning. Sir, for the people that have"}, {"start": "00:22:25", "end": "00:22:28", "text": "zero Bitcoin, what's your advice? I"}, {"start": "00:22:27", "end": "00:22:30", "text": "missed the bottom. It kept missing. You"}, {"start": "00:22:28", "end": "00:22:34", "text": "know, I said the same thing when I got"}, {"start": "00:22:30", "end": "00:22:38", "text": "into Bitcoin in 2017. I bought at 8,500"}, {"start": "00:22:34", "end": "00:22:40", "text": "bucks. I was like, damn it. You know, my"}, {"start": "00:22:38", "end": "00:22:43", "text": "son told me about it when it was the"}, {"start": "00:22:40", "end": "00:22:45", "text": "story was son comes home from school"}, {"start": "00:22:43", "end": "00:22:47", "text": "says, \"Uh, hey, I got a deal for you."}, {"start": "00:22:45", "end": "00:22:49", "text": "500 Bitcoin for 500 bucks. You want to"}, {"start": "00:22:47", "end": "00:22:51", "text": "go for it?\" I'm like, \"Helen, what is"}, {"start": "00:22:49", "end": "00:22:54", "text": "what is a Bitcoin?\" And he's like,"}, {"start": "00:22:51", "end": "00:22:56", "text": "\"Well, it's decentralized and future"}, {"start": "00:22:54", "end": "00:22:58", "text": "finance and mumble mumble.\" I'm like,"}, {"start": "00:22:56", "end": "00:23:01", "text": "\"That's dumb. It's not going to work.\""}, {"start": "00:22:58", "end": "00:23:02", "text": "And I never got into it. And then when I"}, {"start": "00:23:01", "end": "00:23:05", "text": "saw it was 8,500 for one, I'm like,"}, {"start": "00:23:02", "end": "00:23:07", "text": "\"Holy smokes, I I totally missed the"}, {"start": "00:23:05", "end": "00:23:10", "text": "boat there.\" Here we are today. Wouldn't"}, {"start": "00:23:07", "end": "00:23:12", "text": "you like to buy Bitcoin at 8,500 bucks?"}, {"start": "00:23:10", "end": "00:23:14", "text": "And I think later on as time goes on in"}, {"start": "00:23:12", "end": "00:23:16", "text": "four, eight, 10 years, people are like,"}, {"start": "00:23:14", "end": "00:23:19", "text": "\"What? It was below 100 can 100,000?"}, {"start": "00:23:16", "end": "00:23:21", "text": "That's crazy.\" So, and then Lone Wolf"}, {"start": "00:23:19", "end": "00:23:24", "text": "gives good advice. Just start stacking"}, {"start": "00:23:21", "end": "00:23:26", "text": "sets. Stacking sets. But, you know,"}, {"start": "00:23:24", "end": "00:23:27", "text": "today is the day when everybody's be"}, {"start": "00:23:26", "end": "00:23:30", "text": "like, \"Yes, this is it. This is awesome."}, {"start": "00:23:27", "end": "00:23:32", "text": "Stack those sets.\" But then if we get a"}, {"start": "00:23:30", "end": "00:23:34", "text": "major pullback because who knows what's"}, {"start": "00:23:32", "end": "00:23:36", "text": "going on in Iran? Who knows what's"}, {"start": "00:23:34", "end": "00:23:38", "text": "happening between, you know, an alliance"}, {"start": "00:23:36", "end": "00:23:40", "text": "potentially between Russia and China?"}, {"start": "00:23:38", "end": "00:23:44", "text": "Who knows what's happening in the Middle"}, {"start": "00:23:40", "end": "00:23:47", "text": "East and uh the different uh"}, {"start": "00:23:44", "end": "00:23:50", "text": "again alliances that are being formed"}, {"start": "00:23:47", "end": "00:23:54", "text": "and how that actually plays out for war"}, {"start": "00:23:50", "end": "00:23:55", "text": "and how AI plays out."}, {"start": "00:23:54", "end": "00:23:56", "text": "Things could happen, things could"}, {"start": "00:23:55", "end": "00:23:58", "text": "change. And then when those things"}, {"start": "00:23:56", "end": "00:24:01", "text": "change and the prices are drop, people"}, {"start": "00:23:58", "end": "00:24:03", "text": "like maybe not. But to me, I always look"}, {"start": "00:24:01", "end": "00:24:05", "text": "at it as this. When the price drops, I'm"}, {"start": "00:24:03", "end": "00:24:08", "text": "very happy because I know in the long"}, {"start": "00:24:05", "end": "00:24:11", "text": "run it'll work out. But as the price"}, {"start": "00:24:08", "end": "00:24:13", "text": "goes up, I'm like, it's not too bad as"}, {"start": "00:24:11", "end": "00:24:15", "text": "long as I keep with the same plan,"}, {"start": "00:24:13", "end": "00:24:20", "text": "buying as it goes lower."}, {"start": "00:24:15", "end": "00:24:22", "text": "Yeah, we'll see. We'll see. We'll see."}, {"start": "00:24:20", "end": "00:24:24", "text": "Rob making investing. I was just blown"}, {"start": "00:24:22", "end": "00:24:26", "text": "away there was a real person because"}, {"start": "00:24:24", "end": "00:24:29", "text": "everybody I've ever talked to for"}, {"start": "00:24:26", "end": "00:24:32", "text": "exchanges. Well, I on to be honest, I've"}, {"start": "00:24:29", "end": "00:24:34", "text": "only had Coinbase and Kraken and uh"}, {"start": "00:24:32", "end": "00:24:36", "text": "Crypto.com."}, {"start": "00:24:34", "end": "00:24:39", "text": "I think that's it. And I always got like"}, {"start": "00:24:36", "end": "00:24:41", "text": "a like a bot response. So, I was just"}, {"start": "00:24:39", "end": "00:24:42", "text": "but it was weird because it was a live"}, {"start": "00:24:41", "end": "00:24:44", "text": "chat and I was like, \"Wow, they really"}, {"start": "00:24:42", "end": "00:24:46", "text": "have somebody real.\" The only only the"}, {"start": "00:24:44", "end": "00:24:48", "text": "only other time that I've I've"}, {"start": "00:24:46", "end": "00:24:52", "text": "experienced that was when I had to call"}, {"start": "00:24:48", "end": "00:24:56", "text": "ITRUT when I tried to sell some of my"}, {"start": "00:24:52", "end": "00:24:58", "text": "Bitcoin in custody. And let me tell you,"}, {"start": "00:24:56", "end": "00:25:00", "text": "it was a pain in the like I've said"}, {"start": "00:24:58", "end": "00:25:03", "text": "before, but it's good because they don't"}, {"start": "00:25:00", "end": "00:25:05", "text": "allow for hacking. It's I don't I can't"}, {"start": "00:25:03", "end": "00:25:07", "text": "see a way of how they can get the funds"}, {"start": "00:25:05", "end": "00:25:11", "text": "because they don't"}, {"start": "00:25:07", "end": "00:25:13", "text": "I trust Roth IAS and and um custody"}, {"start": "00:25:11", "end": "00:25:15", "text": "accounts are a little bit different but"}, {"start": "00:25:13", "end": "00:25:17", "text": "they make it very very tough which is"}, {"start": "00:25:15", "end": "00:25:20", "text": "good because I would like to not lose"}, {"start": "00:25:17", "end": "00:25:22", "text": "all my"}, {"start": "00:25:20", "end": "00:25:23", "text": "What is a Bitcoin? Yeah, what is a"}, {"start": "00:25:22", "end": "00:25:26", "text": "Bitcoin? That's why I had to ask I don't"}, {"start": "00:25:23", "end": "00:25:30", "text": "get it."}, {"start": "00:25:26", "end": "00:25:32", "text": "Yeah, Solo is right somehow 80,000 feels"}, {"start": "00:25:30", "end": "00:25:35", "text": "high. It somehow feels like this bull"}, {"start": "00:25:32", "end": "00:25:37", "text": "run won't go that high. I mean, I've"}, {"start": "00:25:35", "end": "00:25:39", "text": "given you my price prediction, which"}, {"start": "00:25:37", "end": "00:25:41", "text": "price predictions are all worthless, you"}, {"start": "00:25:39", "end": "00:25:44", "text": "know, because everything can change in a"}, {"start": "00:25:41", "end": "00:25:46", "text": "heartbeat. You can have"}, {"start": "00:25:44", "end": "00:25:47", "text": "government from out of nowhere say,"}, {"start": "00:25:46", "end": "00:25:50", "text": "\"Hey, you know what? This is going to be"}, {"start": "00:25:47", "end": "00:25:51", "text": "our legal tender."}, {"start": "00:25:50", "end": "00:25:52", "text": "America could come out and say, \"Okay,"}, {"start": "00:25:51", "end": "00:25:54", "text": "we're actually going to get this, you"}, {"start": "00:25:52", "end": "00:25:57", "text": "know, Bitcoin reserve strategy we've"}, {"start": "00:25:54", "end": "00:25:58", "text": "been talking about forever. We could"}, {"start": "00:25:57", "end": "00:26:02", "text": "have this as the national reserve"}, {"start": "00:25:58", "end": "00:26:04", "text": "currency.\" So, I don't know."}, {"start": "00:26:02", "end": "00:26:07", "text": "Yeah, I know. 80K feels it feels high"}, {"start": "00:26:04", "end": "00:26:09", "text": "because we've we've been shopping so"}, {"start": "00:26:07", "end": "00:26:11", "text": "long at 60K. There was a statistic. It"}, {"start": "00:26:09", "end": "00:26:15", "text": "was pretty pretty good that even if you"}, {"start": "00:26:11", "end": "00:26:17", "text": "bought at 125K, 126K at the top, if you"}, {"start": "00:26:15", "end": "00:26:19", "text": "would have just dollar cost average down"}, {"start": "00:26:17", "end": "00:26:21", "text": "and then dollar cost average during the"}, {"start": "00:26:19", "end": "00:26:23", "text": "60K chop, you would be up. And right"}, {"start": "00:26:21", "end": "00:26:26", "text": "now, you'd be up massive. So, it looks"}, {"start": "00:26:23", "end": "00:26:27", "text": "pretty good."}, {"start": "00:26:26", "end": "00:26:30", "text": "Ah, [sighs]"}, {"start": "00:26:27", "end": "00:26:33", "text": "Dong Sheng says uh the Iranian public"}, {"start": "00:26:30", "end": "00:26:35", "text": "sentiment a vast majority is represents"}, {"start": "00:26:33", "end": "00:26:37", "text": "are angry with current ceasefires. Many"}, {"start": "00:26:35", "end": "00:26:40", "text": "Iranians believe the regime is a cancer"}, {"start": "00:26:37", "end": "00:26:43", "text": "that needs to be removed entirely."}, {"start": "00:26:40", "end": "00:26:46", "text": "You get Yeah, I don't you would think"}, {"start": "00:26:43", "end": "00:26:47", "text": "that would be how it is, right? And and"}, {"start": "00:26:46", "end": "00:26:49", "text": "this isn't a political channel, but you"}, {"start": "00:26:47", "end": "00:26:53", "text": "saw what happened with the protest in"}, {"start": "00:26:49", "end": "00:26:56", "text": "Iran and how they dispatched"}, {"start": "00:26:53", "end": "00:26:56", "text": "their citizens."}, {"start": "00:26:57", "end": "00:27:02", "text": "Yeah, I don't want to get into it, but"}, {"start": "00:26:59", "end": "00:27:04", "text": "it's one thing I would never obviously"}, {"start": "00:27:02", "end": "00:27:06", "text": "want to be there."}, {"start": "00:27:04", "end": "00:27:08", "text": "And I'll be honest with you, I know this"}, {"start": "00:27:06", "end": "00:27:11", "text": "doesn't go over very well, but I I love"}, {"start": "00:27:08", "end": "00:27:16", "text": "my country and uh I will never live"}, {"start": "00:27:11", "end": "00:27:16", "text": "anywhere else. It's the greatest."}, {"start": "00:27:17", "end": "00:27:21", "text": "November the hacker. I notice everyone"}, {"start": "00:27:19", "end": "00:27:24", "text": "is flipping bullish now. Reminds me of"}, {"start": "00:27:21", "end": "00:27:25", "text": "December 2024 and early October 2025. I"}, {"start": "00:27:24", "end": "00:27:28", "text": "wonder what usually happens after"}, {"start": "00:27:25", "end": "00:27:29", "text": "everyone's bullish. You know how it is."}, {"start": "00:27:28", "end": "00:27:31", "text": "It's just it all goes down by the"}, {"start": "00:27:29", "end": "00:27:34", "text": "sentiment of of of"}, {"start": "00:27:31", "end": "00:27:38", "text": "the price action. Thankfully, we're all"}, {"start": "00:27:34", "end": "00:27:42", "text": "here for the tech, right? Right. Tech."}, {"start": "00:27:38", "end": "00:27:42", "text": "Here for the tech."}, {"start": "00:27:42", "end": "00:27:46", "text": ">> [laughter]"}, {"start": "00:27:43", "end": "00:27:48", "text": ">> All right,"}, {"start": "00:27:46", "end": "00:27:50", "text": "I think that's it for today, everybody."}, {"start": "00:27:48", "end": "00:27:52", "text": "So, thanks so much for stopping by. I"}, {"start": "00:27:50", "end": "00:27:53", "text": "appreciate you. And remember,"}, {"start": "00:27:52", "end": "00:27:56", "text": "congratulations for doing the hard"}, {"start": "00:27:53", "end": "00:27:58", "text": "thing. It's It's not If it was easy,"}, {"start": "00:27:56", "end": "00:27:59", "text": "everyone would do it. And if you were"}, {"start": "00:27:58", "end": "00:28:01", "text": "buying during the bear, which I know"}, {"start": "00:27:59", "end": "00:28:02", "text": "most of you did, congratulations. Pat"}, {"start": "00:28:01", "end": "00:28:05", "text": "yourself on the back. You did a great"}, {"start": "00:28:02", "end": "00:28:07", "text": "thing. And uh now we see where it takes"}, {"start": "00:28:05", "end": "00:28:08", "text": "us. Again, anything can happen in the"}, {"start": "00:28:07", "end": "00:28:10", "text": "future. We could have a major pullback."}, {"start": "00:28:08", "end": "00:28:12", "text": "something could happen. But take the"}, {"start": "00:28:10", "end": "00:28:15", "text": "green days, take the wins for the win,"}, {"start": "00:28:12", "end": "00:28:15", "text": "and that is it. So, thanks everybody."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "All right, everybody. So, just like the"}, {"start": "00:00:02", "end": "00:00:05", "text": "title and thumbnail suggests, we're"}, {"start": "00:00:04", "end": "00:00:07", "text": "going to take a look at the big three"}, {"start": "00:00:05", "end": "00:00:09", "text": "for the next Bitcoin bull run. Now, that"}, {"start": "00:00:07", "end": "00:00:10", "text": "could have already started. We could"}, {"start": "00:00:09", "end": "00:00:12", "text": "have seen a low. We might see something"}, {"start": "00:00:10", "end": "00:00:15", "text": "in Q4, which I'm personally hoping for."}, {"start": "00:00:12", "end": "00:00:18", "text": "And we're going to talk about those big"}, {"start": "00:00:15", "end": "00:00:20", "text": "threes and how really zero have been"}, {"start": "00:00:18", "end": "00:00:23", "text": "really helping us as far as the last"}, {"start": "00:00:20", "end": "00:00:24", "text": "cycle except for one. So, we'll talk"}, {"start": "00:00:23", "end": "00:00:26", "text": "about that. We're going also going to"}, {"start": "00:00:24", "end": "00:00:27", "text": "talk about AI and the things that are"}, {"start": "00:00:26", "end": "00:00:29", "text": "going on. And then we're going to take a"}, {"start": "00:00:27", "end": "00:00:32", "text": "look at the macro for some massive"}, {"start": "00:00:29", "end": "00:00:34", "text": "inflation given to us by Jerry Hall from"}, {"start": "00:00:32", "end": "00:00:36", "text": "Costa Rica. Jerry, how you doing?"}, {"start": "00:00:34", "end": "00:00:38", "text": ">> Hey, good Rob. How are you everyone?"}, {"start": "00:00:36", "end": "00:00:40", "text": "Hope you're having a great Sunday."}, {"start": "00:00:38", "end": "00:00:42", "text": ">> Yep. We tried to get this early in"}, {"start": "00:00:40", "end": "00:00:44", "text": "because Jerry has to watch football"}, {"start": "00:00:42", "end": "00:00:46", "text": "today like a lot of us. And because of"}, {"start": "00:00:44", "end": "00:00:49", "text": "that, he has his own team that he's"}, {"start": "00:00:46", "end": "00:00:50", "text": "going to root for. He's got his own"}, {"start": "00:00:49", "end": "00:00:53", "text": "fantasy football. So, this is an"}, {"start": "00:00:50", "end": "00:00:56", "text": "important thing for the at the next hour"}, {"start": "00:00:53", "end": "00:00:58", "text": "or so. But this right now will get the"}, {"start": "00:00:56", "end": "00:00:59", "text": "full undivided attention and we'll go"}, {"start": "00:00:58", "end": "00:01:01", "text": "from there. So this is the first thing"}, {"start": "00:00:59", "end": "00:01:03", "text": "Jerry."}, {"start": "00:01:01", "end": "00:01:05", "text": "This is what I think moves the price and"}, {"start": "00:01:03", "end": "00:01:08", "text": "we can see it kind of coming forth. I"}, {"start": "00:01:05", "end": "00:01:12", "text": "think it's a three-part speculation, one"}, {"start": "00:01:08", "end": "00:01:14", "text": "part utility. And as time goes on,"}, {"start": "00:01:12", "end": "00:01:15", "text": "you're going to see a lot of this play"}, {"start": "00:01:14", "end": "00:01:18", "text": "out. However, there's going to be a"}, {"start": "00:01:15", "end": "00:01:20", "text": "shift. And before we get into Harmony,"}, {"start": "00:01:18", "end": "00:01:22", "text": "the crypto project"}, {"start": "00:01:20", "end": "00:01:26", "text": "real quick, Jerry, talk to us about"}, {"start": "00:01:22", "end": "00:01:27", "text": "this, about your thoughts on the market"}, {"start": "00:01:26", "end": "00:01:29", "text": "just being all speculation, a little bit"}, {"start": "00:01:27", "end": "00:01:31", "text": "of utility, and that's what moves the"}, {"start": "00:01:29", "end": "00:01:34", "text": "markets. Or is there something else?"}, {"start": "00:01:31", "end": "00:01:36", "text": ">> Sure. Sure. I can I can remember so"}, {"start": "00:01:34", "end": "00:01:40", "text": "vividly when I got into crypto at the"}, {"start": "00:01:36", "end": "00:01:40", "text": "end of 2017,"}, {"start": "00:01:40", "end": "00:01:45", "text": "the speculation of what a project could"}, {"start": "00:01:43", "end": "00:01:47", "text": "do. So this was the use case. This is"}, {"start": "00:01:45", "end": "00:01:52", "text": "what need it would fulfill in the"}, {"start": "00:01:47", "end": "00:01:55", "text": "universe and its ability to do that"}, {"start": "00:01:52", "end": "00:01:58", "text": "would be based on adoption."}, {"start": "00:01:55", "end": "00:02:00", "text": "But the price would be reacting to"}, {"start": "00:01:58", "end": "00:02:03", "text": "things like for instance is it going to"}, {"start": "00:02:00", "end": "00:02:06", "text": "get a Coinbase listing? the speculation"}, {"start": "00:02:03", "end": "00:02:11", "text": "of a token that was not on Coinbase in"}, {"start": "00:02:06", "end": "00:02:14", "text": "2017 being added in 2018 could send that"}, {"start": "00:02:11", "end": "00:02:17", "text": "token price"}, {"start": "00:02:14", "end": "00:02:22", "text": "two three 400%. I mean so that"}, {"start": "00:02:17", "end": "00:02:25", "text": "speculation ratio was that at the end of"}, {"start": "00:02:22", "end": "00:02:27", "text": "the journey there would be the utility"}, {"start": "00:02:25", "end": "00:02:29", "text": "and the macro factors that would help it"}, {"start": "00:02:27", "end": "00:02:33", "text": "get there were the speculation that we"}, {"start": "00:02:29", "end": "00:02:35", "text": "would be betting on in the meantime. And"}, {"start": "00:02:33", "end": "00:02:39", "text": "this little formula that you have is"}, {"start": "00:02:35", "end": "00:02:42", "text": "generally pretty true for everything in"}, {"start": "00:02:39", "end": "00:02:46", "text": "the life cycle of a project until it"}, {"start": "00:02:42", "end": "00:02:50", "text": "reaches an inflection point where it"}, {"start": "00:02:46", "end": "00:02:53", "text": "flips. For instance, what companies"}, {"start": "00:02:50", "end": "00:02:56", "text": "today had this going for them until that"}, {"start": "00:02:53", "end": "00:02:57", "text": "inflection point? Well, obviously during"}, {"start": "00:02:56", "end": "00:03:00", "text": "the internet boom, it was companies like"}, {"start": "00:02:57", "end": "00:03:03", "text": "Amazon and Microsoft and things like"}, {"start": "00:03:00", "end": "00:03:07", "text": "that. Now those very same companies that"}, {"start": "00:03:03", "end": "00:03:09", "text": "did have a 75 to25 ratio like you see"}, {"start": "00:03:07", "end": "00:03:14", "text": "here on the screen are now completely"}, {"start": "00:03:09", "end": "00:03:16", "text": "flipped. They're 75 to 80% utility"}, {"start": "00:03:14", "end": "00:03:19", "text": "and and because of the adoption and a"}, {"start": "00:03:16", "end": "00:03:23", "text": "very small segment based on speculation"}, {"start": "00:03:19", "end": "00:03:25", "text": "of what they may build tomorrow. And so"}, {"start": "00:03:23", "end": "00:03:27", "text": "I think this is a really good thing for"}, {"start": "00:03:25", "end": "00:03:30", "text": "people to know that where we are in the"}, {"start": "00:03:27", "end": "00:03:33", "text": "crypto industry, we're still very much"}, {"start": "00:03:30", "end": "00:03:36", "text": "in the 75% speculation"}, {"start": "00:03:33", "end": "00:03:39", "text": "being compounded into in a growing"}, {"start": "00:03:36", "end": "00:03:41", "text": "segment of the utility of that"}, {"start": "00:03:39", "end": "00:03:44", "text": "particular project. And not all projects"}, {"start": "00:03:41", "end": "00:03:48", "text": "are at the same space of their lifespan"}, {"start": "00:03:44", "end": "00:03:49", "text": "as others. And so our job is to"}, {"start": "00:03:48", "end": "00:03:52", "text": "distinguish"}, {"start": "00:03:49", "end": "00:03:53", "text": "where that is for each one of these"}, {"start": "00:03:52", "end": "00:03:54", "text": "things that we've invested our money"}, {"start": "00:03:53", "end": "00:03:55", "text": "into."}, {"start": "00:03:54", "end": "00:03:57", "text": ">> Yeah. And it's not easy. And the reason"}, {"start": "00:03:55", "end": "00:03:58", "text": "why I bring it up up to everybody right"}, {"start": "00:03:57", "end": "00:03:59", "text": "now is because don't feel bad if you"}, {"start": "00:03:58", "end": "00:04:00", "text": "miss something because there's going to"}, {"start": "00:03:59", "end": "00:04:02", "text": "be a lot of pumps. There's going to be a"}, {"start": "00:04:00", "end": "00:04:04", "text": "lot of dumps. And you have to just take"}, {"start": "00:04:02", "end": "00:04:05", "text": "a look at what is really moving the"}, {"start": "00:04:04", "end": "00:04:07", "text": "price. And right now it's mostly"}, {"start": "00:04:05", "end": "00:04:08", "text": "speculation the parts of utility."}, {"start": "00:04:07", "end": "00:04:10", "text": "Jerry's right. As time goes on there'll"}, {"start": "00:04:08", "end": "00:04:11", "text": "be an inflection point and we will"}, {"start": "00:04:10", "end": "00:04:14", "text": "switch the whole thing. It'll be three"}, {"start": "00:04:11", "end": "00:04:16", "text": "parts utility and speculation. But this"}, {"start": "00:04:14", "end": "00:04:18", "text": "is what is happening and and it made me"}, {"start": "00:04:16", "end": "00:04:19", "text": "want to talk about this today before we"}, {"start": "00:04:18", "end": "00:04:22", "text": "get to the big three and what I'm"}, {"start": "00:04:19", "end": "00:04:24", "text": "looking for as far as the the next bull"}, {"start": "00:04:22", "end": "00:04:27", "text": "run and indicators to take a look at and"}, {"start": "00:04:24", "end": "00:04:29", "text": "the people to watch. Harmony. So this is"}, {"start": "00:04:27", "end": "00:04:32", "text": "a crypto project that ca had came out"}, {"start": "00:04:29", "end": "00:04:35", "text": "years and years and years ago and uh"}, {"start": "00:04:32", "end": "00:04:39", "text": "just in the last 24 hours it's up 63%"}, {"start": "00:04:35", "end": "00:04:41", "text": "and actually over seven days it is up"}, {"start": "00:04:39", "end": "00:04:43", "text": "517%."}, {"start": "00:04:41", "end": "00:04:45", "text": "14 days, a little bit less than that."}, {"start": "00:04:43", "end": "00:04:47", "text": "But you have to ask yourself, and then"}, {"start": "00:04:45", "end": "00:04:50", "text": "how long has this thing been around? Oh"}, {"start": "00:04:47", "end": "00:04:53", "text": "yeah, since roughly uh 2019, and the"}, {"start": "00:04:50", "end": "00:04:55", "text": "all-time high was 30 cents. Now it's at"}, {"start": "00:04:53", "end": "00:04:59", "text": "a fraction of a penny. But why did it go"}, {"start": "00:04:55", "end": "00:05:01", "text": "up 517% in seven days or so? Is it"}, {"start": "00:04:59", "end": "00:05:04", "text": "because there was some new utility? Is"}, {"start": "00:05:01", "end": "00:05:06", "text": "it because there is something that uh"}, {"start": "00:05:04", "end": "00:05:09", "text": "was was used by the code and it's being"}, {"start": "00:05:06", "end": "00:05:12", "text": "adopted by sovereign nations? No. It has"}, {"start": "00:05:09", "end": "00:05:14", "text": "to come with and this was just uh on"}, {"start": "00:05:12", "end": "00:05:16", "text": "September 7th. Harmony sites AI threats"}, {"start": "00:05:14", "end": "00:05:18", "text": "and proposed blockchain shutdown. They"}, {"start": "00:05:16", "end": "00:05:20", "text": "wanted to shut everything down. The team"}, {"start": "00:05:18", "end": "00:05:23", "text": "wants to move"}, {"start": "00:05:20", "end": "00:05:25", "text": "Harmony one or one to Ethereum just to"}, {"start": "00:05:23", "end": "00:05:29", "text": "transfer everything over and enter the"}, {"start": "00:05:25", "end": "00:05:32", "text": "AI video business urging users to exit"}, {"start": "00:05:29", "end": "00:05:34", "text": "smart contracts before September 10th."}, {"start": "00:05:32", "end": "00:05:35", "text": "So you have to ask yourself why is that?"}, {"start": "00:05:34", "end": "00:05:37", "text": "It comes down to this. There's a"}, {"start": "00:05:35", "end": "00:05:39", "text": "migration on an ETH listing. So there's"}, {"start": "00:05:37", "end": "00:05:41", "text": "this new token speculation. We just take"}, {"start": "00:05:39", "end": "00:05:43", "text": "a look at what it said like, oh, we want"}, {"start": "00:05:41", "end": "00:05:44", "text": "to get into the video, the AI video"}, {"start": "00:05:43", "end": "00:05:46", "text": "business. So that's an AI narrative."}, {"start": "00:05:44", "end": "00:05:48", "text": "Check, check. And then also there's a"}, {"start": "00:05:46", "end": "00:05:50", "text": "very tiny cap, which means if you have a"}, {"start": "00:05:48", "end": "00:05:52", "text": "tiny cap, it doesn't take a lot to move"}, {"start": "00:05:50", "end": "00:05:54", "text": "the markets. And there's the the cap"}, {"start": "00:05:52", "end": "00:05:56", "text": "itself was 59 million, volume 190"}, {"start": "00:05:54", "end": "00:05:58", "text": "million. They're talking about short"}, {"start": "00:05:56", "end": "00:06:00", "text": "squeeze and things like that. So check,"}, {"start": "00:05:58", "end": "00:06:03", "text": "check, check. Migration, AI, narrative,"}, {"start": "00:06:00", "end": "00:06:06", "text": "tiny cap, really big thing. This is just"}, {"start": "00:06:03", "end": "00:06:08", "text": "about speculation. And again, it's 99%"}, {"start": "00:06:06", "end": "00:06:09", "text": "off from the 2021 all-time high. So,"}, {"start": "00:06:08", "end": "00:06:11", "text": "when you take a look at this and things"}, {"start": "00:06:09", "end": "00:06:12", "text": "are pumping like this, you're like, damn"}, {"start": "00:06:11", "end": "00:06:14", "text": "it. It's probably because it has some"}, {"start": "00:06:12", "end": "00:06:16", "text": "kind of great utility. No, it doesn't."}, {"start": "00:06:14", "end": "00:06:18", "text": "It's all speculation coming forth and"}, {"start": "00:06:16", "end": "00:06:19", "text": "moving around. So, the next question is,"}, {"start": "00:06:18", "end": "00:06:21", "text": "what happens in the next bull run? How"}, {"start": "00:06:19", "end": "00:06:23", "text": "do we kind of position ourselves? Here's"}, {"start": "00:06:21", "end": "00:06:26", "text": "the big three, and I hinted this"}, {"start": "00:06:23", "end": "00:06:29", "text": "yesterday."}, {"start": "00:06:26", "end": "00:06:31", "text": "Last session, actually, my my first bull"}, {"start": "00:06:29", "end": "00:06:33", "text": "run in 2021, I just pretty much used"}, {"start": "00:06:31", "end": "00:06:36", "text": "fractals, and I just said, \"Hey, you"}, {"start": "00:06:33", "end": "00:06:39", "text": "know what? It did. Cardano did from this"}, {"start": "00:06:36", "end": "00:06:40", "text": "to this. So I think it's going to be a"}, {"start": "00:06:39", "end": "00:06:42", "text": "little bit diminished. So it's going to"}, {"start": "00:06:40", "end": "00:06:44", "text": "go from that to that. Bitcoin did from"}, {"start": "00:06:42", "end": "00:06:45", "text": "this to this. It went from a th00and to"}, {"start": "00:06:44", "end": "00:06:47", "text": "20,000. So I'm going to think it's going"}, {"start": "00:06:45", "end": "00:06:49", "text": "to come come down to 100,000. 2021."}, {"start": "00:06:47", "end": "00:06:52", "text": "Didn't do that, but I was able to get"}, {"start": "00:06:49", "end": "00:06:55", "text": "some profits and so on and so forth. And"}, {"start": "00:06:52", "end": "00:06:58", "text": "in 2025, I wanted to look at all these"}, {"start": "00:06:55", "end": "00:07:02", "text": "different indicators. And guess what?"}, {"start": "00:06:58", "end": "00:07:03", "text": "None of them fired. None of them fired."}, {"start": "00:07:02", "end": "00:07:06", "text": "So, I'm going to take a look at what"}, {"start": "00:07:03", "end": "00:07:07", "text": "Ben's got going on. I have it on Tech"}, {"start": "00:07:06", "end": "00:07:09", "text": "the Money Line and Wes from the Smart"}, {"start": "00:07:07", "end": "00:07:12", "text": "Money Cryptobot. Before we get into the"}, {"start": "00:07:09", "end": "00:07:14", "text": "why and I talk about how essentially"}, {"start": "00:07:12", "end": "00:07:17", "text": "nothing fired in the bull market peak"}, {"start": "00:07:14", "end": "00:07:19", "text": "indicators, Jerry, what were you using"}, {"start": "00:07:17", "end": "00:07:22", "text": "this cycle to kind of get out? Was it"}, {"start": "00:07:19", "end": "00:07:24", "text": "just like I'm just going to set some"}, {"start": "00:07:22", "end": "00:07:27", "text": "targets or was it one of those things"}, {"start": "00:07:24", "end": "00:07:30", "text": "where like I'm going to hold forever?"}, {"start": "00:07:27", "end": "00:07:34", "text": "So, I I have a very individualized"}, {"start": "00:07:30", "end": "00:07:38", "text": "process and it's money in versus money"}, {"start": "00:07:34", "end": "00:07:39", "text": "out, right? If I put in a dollar"}, {"start": "00:07:38", "end": "00:07:42", "text": ">> Wow."}, {"start": "00:07:39", "end": "00:07:45", "text": ">> and I put it into an L1 that has some"}, {"start": "00:07:42", "end": "00:07:47", "text": "form of compounding like um a staking"}, {"start": "00:07:45", "end": "00:07:50", "text": "yield that I can keep in there that"}, {"start": "00:07:47", "end": "00:07:52", "text": "compounds the number of assets that I"}, {"start": "00:07:50", "end": "00:07:55", "text": "own. Then what I'll do is I'll say,"}, {"start": "00:07:52", "end": "00:07:57", "text": "\"Okay, if I put a dollar in, I want to"}, {"start": "00:07:55", "end": "00:08:00", "text": "be able to take a dollar out and still"}, {"start": "00:07:57", "end": "00:08:03", "text": "have 50 cents of that asset sitting"}, {"start": "00:08:00", "end": "00:08:04", "text": "there doing that thing.\""}, {"start": "00:08:03", "end": "00:08:05", "text": ">> That thing. Yeah."}, {"start": "00:08:04", "end": "00:08:08", "text": ">> That whatever that thing is. And"}, {"start": "00:08:05", "end": "00:08:12", "text": "hopefully it's compounding because of a"}, {"start": "00:08:08", "end": "00:08:14", "text": "yield and then adding a compounding"}, {"start": "00:08:12", "end": "00:08:17", "text": "element with appreciation."}, {"start": "00:08:14", "end": "00:08:19", "text": "So, I want two forms of compounding to"}, {"start": "00:08:17", "end": "00:08:22", "text": "happen within a wallet of a particular"}, {"start": "00:08:19", "end": "00:08:25", "text": "project. Um, that's kind of my"}, {"start": "00:08:22", "end": "00:08:28", "text": "personalized deal. And that came from"}, {"start": "00:08:25", "end": "00:08:31", "text": "learning the very painful lesson of"}, {"start": "00:08:28", "end": "00:08:34", "text": "having a monster portfolio built off of"}, {"start": "00:08:31", "end": "00:08:37", "text": "a relatively small starting capital, 23"}, {"start": "00:08:34", "end": "00:08:41", "text": "grand, built a million, almost a million"}, {"start": "00:08:37", "end": "00:08:46", "text": "in crypto. And I did not take advantage"}, {"start": "00:08:41", "end": "00:08:49", "text": "of that. I got greedy. I let it ride and"}, {"start": "00:08:46", "end": "00:08:51", "text": "I watched it decline over the course of"}, {"start": "00:08:49", "end": "00:08:54", "text": "2022."}, {"start": "00:08:51", "end": "00:08:56", "text": "Um, I have vowed to never let that"}, {"start": "00:08:54", "end": "00:08:56", "text": "happen again."}, {"start": "00:08:56", "end": "00:08:59", "text": ">> Yeah, I agree."}, {"start": "00:08:56", "end": "00:09:01", "text": ">> I'm just too bold for this"}, {"start": "00:08:59", "end": "00:09:03", "text": ">> Sound like Denny Glover from Lethal"}, {"start": "00:09:01", "end": "00:09:04", "text": "Weapon. But yeah, that's uh that's"}, {"start": "00:09:03", "end": "00:09:06", "text": "essentially what we're talking about"}, {"start": "00:09:04", "end": "00:09:07", "text": "today. So, I always took a look at uh"}, {"start": "00:09:06", "end": "00:09:09", "text": "the bull market peak indicators. This"}, {"start": "00:09:07", "end": "00:09:11", "text": "from Glass Note and it was pretty good."}, {"start": "00:09:09", "end": "00:09:13", "text": "I mean, it had everything that you want,"}, {"start": "00:09:11", "end": "00:09:15", "text": "right? You'd have Bitcoin, AHR 9999, PI"}, {"start": "00:09:13", "end": "00:09:17", "text": "cycle top. Remember that? Well, multiple"}, {"start": "00:09:15", "end": "00:09:19", "text": "ETF to Bitcoin ratio, and it was 30"}, {"start": "00:09:17", "end": "00:09:22", "text": "different indicators, and not one of"}, {"start": "00:09:19", "end": "00:09:25", "text": "them fired that said, \"Hey, we're at the"}, {"start": "00:09:22", "end": "00:09:28", "text": "top or close the top except for one, and"}, {"start": "00:09:25", "end": "00:09:29", "text": "we'll get to that in a second.\" But one"}, {"start": "00:09:28", "end": "00:09:31", "text": "of the things that I'm using right now,"}, {"start": "00:09:29", "end": "00:09:34", "text": "of course, is Ben and his risk levels."}, {"start": "00:09:31", "end": "00:09:37", "text": "Right now, we're at 0.47, which"}, {"start": "00:09:34", "end": "00:09:39", "text": "corresponds around 81K. Now, as things"}, {"start": "00:09:37", "end": "00:09:42", "text": "go up, as the price goes down, I should"}, {"start": "00:09:39", "end": "00:09:44", "text": "say, is when I put in more money to"}, {"start": "00:09:42", "end": "00:09:46", "text": "Bitcoin. So, as it goes below 0.4 to"}, {"start": "00:09:44", "end": "00:09:48", "text": "0.39, if I was spending a hundred bucks"}, {"start": "00:09:46", "end": "00:09:51", "text": "a week on Monday via the Cash App, I"}, {"start": "00:09:48", "end": "00:09:53", "text": "would then spend $200 per week. These"}, {"start": "00:09:51", "end": "00:09:56", "text": "are just, of course, examples. I double"}, {"start": "00:09:53", "end": "00:09:58", "text": "up. If it goes below that, we quadruple."}, {"start": "00:09:56", "end": "00:10:00", "text": "And it goes below that, we 8x. So, this"}, {"start": "00:09:58", "end": "00:10:02", "text": "one I'm using, I'm going to stop"}, {"start": "00:10:00", "end": "00:10:05", "text": "accumulating at the 0.6 level, which is"}, {"start": "00:10:02", "end": "00:10:07", "text": "around 111K. Those will fluctuate as"}, {"start": "00:10:05", "end": "00:10:09", "text": "time goes on, just so you know. But one"}, {"start": "00:10:07", "end": "00:10:11", "text": "of the things that you can't depend on"}, {"start": "00:10:09", "end": "00:10:15", "text": "is one indicator. It's not going to work"}, {"start": "00:10:11", "end": "00:10:17", "text": "out. Here are the risk levels throughout"}, {"start": "00:10:15", "end": "00:10:18", "text": "time."}, {"start": "00:10:17", "end": "00:10:20", "text": "And if you have if you're not signed up"}, {"start": "00:10:18", "end": "00:10:22", "text": "for Ben's website, it's link in the"}, {"start": "00:10:20", "end": "00:10:23", "text": "description. 10% of the first month, but"}, {"start": "00:10:22", "end": "00:10:24", "text": "a lot of things that he shows in there"}, {"start": "00:10:23", "end": "00:10:27", "text": "is there's a lot of free things. You can"}, {"start": "00:10:24", "end": "00:10:30", "text": "check it out. But you can see here the"}, {"start": "00:10:27", "end": "00:10:35", "text": "risk level is 0.8 to 0.9. Fired"}, {"start": "00:10:30", "end": "00:10:37", "text": "beautifully, beautifully in roughly 2013"}, {"start": "00:10:35", "end": "00:10:40", "text": "and 2014. Getting up there actually to"}, {"start": "00:10:37", "end": "00:10:44", "text": "the top. And then in 2017, it fired"}, {"start": "00:10:40", "end": "00:10:48", "text": "beautifully. 0.8 to 0.9. Not too bad."}, {"start": "00:10:44", "end": "00:10:50", "text": "2021 fired again. 0.8 to 0.9. So you're"}, {"start": "00:10:48", "end": "00:10:51", "text": "like, \"This is awesome. This thing is"}, {"start": "00:10:50", "end": "00:10:54", "text": "great.\" Well, guess what? Didn't work"}, {"start": "00:10:51", "end": "00:10:58", "text": "that great because"}, {"start": "00:10:54", "end": "00:11:00", "text": "price levels for this cycle 0.5 to 0.6."}, {"start": "00:10:58", "end": "00:11:03", "text": "And that is October 6, 2025 when he hit"}, {"start": "00:11:00", "end": "00:11:05", "text": "alltime high of roughly 126,000. So you"}, {"start": "00:11:03", "end": "00:11:07", "text": "can't depend on one indicator and"}, {"start": "00:11:05", "end": "00:11:09", "text": "especially for this one for the tops."}, {"start": "00:11:07", "end": "00:11:10", "text": "You have to use multiple and you just"}, {"start": "00:11:09", "end": "00:11:12", "text": "have to use a little bit more common"}, {"start": "00:11:10", "end": "00:11:15", "text": "sense which I got to tell you sometimes"}, {"start": "00:11:12", "end": "00:11:18", "text": "it's not very common for me to use that."}, {"start": "00:11:15", "end": "00:11:20", "text": "But common sense is a factor to get into"}, {"start": "00:11:18", "end": "00:11:22", "text": "about like hey my mechanic just asked me"}, {"start": "00:11:20", "end": "00:11:24", "text": "about Bitcoin. It's time to take some"}, {"start": "00:11:22", "end": "00:11:27", "text": "profits. So as far as like risk levels"}, {"start": "00:11:24", "end": "00:11:29", "text": "there you're at. And as a reminder,"}, {"start": "00:11:27", "end": "00:11:35", "text": "these bull markets, they didn't fire."}, {"start": "00:11:29", "end": "00:11:38", "text": "Not even one, zero, zero for tops."}, {"start": "00:11:35", "end": "00:11:41", "text": "So, we'll take Ben's information."}, {"start": "00:11:38", "end": "00:11:43", "text": "And also, I want to take Ivan's bull"}, {"start": "00:11:41", "end": "00:11:45", "text": "mania. And the reason why is because"}, {"start": "00:11:43", "end": "00:11:46", "text": "I've been back testing these for quite"}, {"start": "00:11:45", "end": "00:11:49", "text": "some time. I've had Ivan on the show"}, {"start": "00:11:46", "end": "00:11:51", "text": "many a time. He was on for my Christmas"}, {"start": "00:11:49", "end": "00:11:54", "text": "episode, and he actually donated a bunch"}, {"start": "00:11:51", "end": "00:11:56", "text": "of his uh access to this bull mania."}, {"start": "00:11:54", "end": "00:11:58", "text": "Also, he was on my 20-hour live stream,"}, {"start": "00:11:56", "end": "00:12:00", "text": "and he's the one that donated $10,000 to"}, {"start": "00:11:58", "end": "00:12:02", "text": "the animal shelter, which I got to tell"}, {"start": "00:12:00", "end": "00:12:05", "text": "you, love him for that. Love him. But"}, {"start": "00:12:02", "end": "00:12:07", "text": "take a look at this. This is his bull"}, {"start": "00:12:05", "end": "00:12:09", "text": "mania. It's not perfect. Nothing's"}, {"start": "00:12:07", "end": "00:12:14", "text": "perfect. But I want to back test this"}, {"start": "00:12:09", "end": "00:12:16", "text": "and show you. This is January 2023."}, {"start": "00:12:14", "end": "00:12:19", "text": "And you can see where it starts to turn"}, {"start": "00:12:16", "end": "00:12:22", "text": "bearish after December 2021. Turned"}, {"start": "00:12:19", "end": "00:12:23", "text": "bearish and went all the way down. Now,"}, {"start": "00:12:22", "end": "00:12:26", "text": "there were some times when things went"}, {"start": "00:12:23", "end": "00:12:29", "text": "up, but look at this. Beautiful coming"}, {"start": "00:12:26", "end": "00:12:32", "text": "all the way down. So, maybe you might"}, {"start": "00:12:29", "end": "00:12:34", "text": "want to you can accumulate like I did or"}, {"start": "00:12:32", "end": "00:12:36", "text": "you can just let it go all the way down"}, {"start": "00:12:34", "end": "00:12:38", "text": "and then once it turns bullish, which"}, {"start": "00:12:36", "end": "00:12:42", "text": "was on January 2023 when Bitcoin was at"}, {"start": "00:12:38", "end": "00:12:45", "text": "a price of 21,647,"}, {"start": "00:12:42", "end": "00:12:49", "text": "guess what? It stayed that way all the"}, {"start": "00:12:45", "end": "00:12:53", "text": "way to here"}, {"start": "00:12:49", "end": "00:12:56", "text": "or even it didn't hit the top. Let me"}, {"start": "00:12:53", "end": "00:13:00", "text": "blow this up so everybody can see this."}, {"start": "00:12:56", "end": "00:13:03", "text": "So it stayed bullish all the way to here"}, {"start": "00:13:00", "end": "00:13:06", "text": "and these these levels are around 110"}, {"start": "00:13:03", "end": "00:13:09", "text": "around 99. It stopped at this candle and"}, {"start": "00:13:06", "end": "00:13:12", "text": "it stopped being bullish between 107 and"}, {"start": "00:13:09", "end": "00:13:15", "text": "92. That is a weekly candle. That is"}, {"start": "00:13:12", "end": "00:13:17", "text": "brutal. You could have got it at 107 92"}, {"start": "00:13:15", "end": "00:13:18", "text": "but you probably hit it around 99K. Not"}, {"start": "00:13:17", "end": "00:13:21", "text": "too bad. And now we've been bearish the"}, {"start": "00:13:18", "end": "00:13:23", "text": "exact whole time. So before I get into"}, {"start": "00:13:21", "end": "00:13:25", "text": "and this is just Bitcoin. This is just"}, {"start": "00:13:23", "end": "00:13:27", "text": "what he's teaching. There's other things"}, {"start": "00:13:25", "end": "00:13:28", "text": "that if you want to learn like scalp and"}, {"start": "00:13:27", "end": "00:13:30", "text": "get in and out the type of trades, you"}, {"start": "00:13:28", "end": "00:13:33", "text": "can do that. But this one is pretty"}, {"start": "00:13:30", "end": "00:13:35", "text": "good. Before we get into Wes's, which"}, {"start": "00:13:33", "end": "00:13:37", "text": "did an even better job, Jerry, what's"}, {"start": "00:13:35", "end": "00:13:41", "text": "your thought on this one?"}, {"start": "00:13:37", "end": "00:13:44", "text": "So I I have intentionally stayed away"}, {"start": "00:13:41", "end": "00:13:48", "text": "from a lot of technical analysis"}, {"start": "00:13:44", "end": "00:13:51", "text": "elements for the crypto industry"}, {"start": "00:13:48", "end": "00:13:53", "text": ">> because crypto has always been such a"}, {"start": "00:13:51", "end": "00:13:55", "text": "fledgling"}, {"start": "00:13:53", "end": "00:13:56", "text": "new bile"}, {"start": "00:13:55", "end": "00:13:57", "text": "sector. Right."}, {"start": "00:13:56", "end": "00:14:00", "text": ">> Right."}, {"start": "00:13:57", "end": "00:14:05", "text": ">> And technical analysis requires a"}, {"start": "00:14:00", "end": "00:14:07", "text": "ton of data to to"}, {"start": "00:14:05", "end": "00:14:08", "text": "work. Oh yeah,"}, {"start": "00:14:07", "end": "00:14:10", "text": ">> I think we're starting to get to the"}, {"start": "00:14:08", "end": "00:14:13", "text": "point"}, {"start": "00:14:10", "end": "00:14:15", "text": "where"}, {"start": "00:14:13", "end": "00:14:17", "text": "there's a maturity in this space and"}, {"start": "00:14:15", "end": "00:14:20", "text": "therefore certain elements of technical"}, {"start": "00:14:17", "end": "00:14:23", "text": "analysis can be very valuable and"}, {"start": "00:14:20", "end": "00:14:25", "text": "because I'm not an expert in it, it like"}, {"start": "00:14:23", "end": "00:14:28", "text": "what you're doing today is showing a few"}, {"start": "00:14:25", "end": "00:14:31", "text": "people who have become experts in this."}, {"start": "00:14:28", "end": "00:14:34", "text": "I think it's a good idea to follow,"}, {"start": "00:14:31", "end": "00:14:36", "text": "learn and try to understand because it"}, {"start": "00:14:34", "end": "00:14:39", "text": "will become more and more relevant the"}, {"start": "00:14:36", "end": "00:14:42", "text": "farther and deeper we get into in the"}, {"start": "00:14:39", "end": "00:14:43", "text": "maturation process of this sector."}, {"start": "00:14:42", "end": "00:14:45", "text": "Right. Right."}, {"start": "00:14:43", "end": "00:14:47", "text": ">> And um so it's good that you've"}, {"start": "00:14:45", "end": "00:14:51", "text": "identified some folks and been back"}, {"start": "00:14:47", "end": "00:14:55", "text": "testing. Important word back testing."}, {"start": "00:14:51", "end": "00:14:56", "text": "It's that whole verify before trust"}, {"start": "00:14:55", "end": "00:14:58", "text": ">> right"}, {"start": "00:14:56", "end": "00:14:59", "text": ">> element. So no good job. this I'm"}, {"start": "00:14:58", "end": "00:15:00", "text": "learning."}, {"start": "00:14:59", "end": "00:15:02", "text": ">> Yeah. And you what's great about this"}, {"start": "00:15:00", "end": "00:15:03", "text": "one is like with the TA, you don't have"}, {"start": "00:15:02", "end": "00:15:05", "text": "to know like, oh, this is a head and"}, {"start": "00:15:03", "end": "00:15:06", "text": "shoulders. This is a Bart Simpson"}, {"start": "00:15:05", "end": "00:15:07", "text": "pattern or whatever else. This is a"}, {"start": "00:15:06", "end": "00:15:08", "text": "zippity doo doo doo doo doo doo doo doo"}, {"start": "00:15:07", "end": "00:15:09", "text": "doo doo doo dro pattern. I don't know"}, {"start": "00:15:08", "end": "00:15:12", "text": "those."}, {"start": "00:15:09", "end": "00:15:12", "text": ">> I can identify the Fibonacci sequence"}, {"start": "00:15:12", "end": "00:15:14", "text": "here."}, {"start": "00:15:12", "end": "00:15:16", "text": ">> Yeah. And I'm not making fun of anybody."}, {"start": "00:15:14", "end": "00:15:17", "text": "I'm just I'm not that smart. So like for"}, {"start": "00:15:16", "end": "00:15:19", "text": "those things, I just want to if you want"}, {"start": "00:15:17", "end": "00:15:21", "text": "to make it easy and just go on yourself,"}, {"start": "00:15:19", "end": "00:15:23", "text": "this one is pretty easy. You buy here,"}, {"start": "00:15:21", "end": "00:15:24", "text": "you sell here. But what again what I"}, {"start": "00:15:23", "end": "00:15:27", "text": "want you to do is to take a look at this"}, {"start": "00:15:24", "end": "00:15:30", "text": "and use your own common sense and look"}, {"start": "00:15:27", "end": "00:15:32", "text": "at this and say I want to take these"}, {"start": "00:15:30", "end": "00:15:34", "text": "multiple aggregates and then put them"}, {"start": "00:15:32", "end": "00:15:35", "text": "into what I believe is actually going to"}, {"start": "00:15:34", "end": "00:15:38", "text": "work and go from there. I got to tell"}, {"start": "00:15:35", "end": "00:15:40", "text": "you like the next time this one flips"}, {"start": "00:15:38", "end": "00:15:42", "text": "bearish I will probably be selling"}, {"start": "00:15:40", "end": "00:15:44", "text": "between 10 25%."}, {"start": "00:15:42", "end": "00:15:47", "text": ">> And then just layer if I layered in I"}, {"start": "00:15:44", "end": "00:15:50", "text": "need to layer out because again was it"}, {"start": "00:15:47", "end": "00:15:52", "text": "perfect? No. Didn't hit the top at all."}, {"start": "00:15:50", "end": "00:15:54", "text": "But any anything around that 100k level,"}, {"start": "00:15:52", "end": "00:15:55", "text": "I'm sure there's some people out there"}, {"start": "00:15:54", "end": "00:15:57", "text": "going, \"Yeah, it would have been nice to"}, {"start": "00:15:55", "end": "00:15:59", "text": "sell a little bit at 100K and then, you"}, {"start": "00:15:57", "end": "00:16:02", "text": "know, watch it go down to 60 58k and"}, {"start": "00:15:59", "end": "00:16:04", "text": "then it turned uh bearish again and uh"}, {"start": "00:16:02", "end": "00:16:07", "text": "or bullish again and then buying around"}, {"start": "00:16:04", "end": "00:16:11", "text": "60K. Not a bad deal.\" So that was Ivan"}, {"start": "00:16:07", "end": "00:16:15", "text": "on Tech. Now we'll take a look at Wes"}, {"start": "00:16:11", "end": "00:16:17", "text": "from Smart Money Tracking and his one"}, {"start": "00:16:15", "end": "00:16:21", "text": "did an even better job of calling the"}, {"start": "00:16:17", "end": "00:16:24", "text": "top. But there's a catch. So, with his I"}, {"start": "00:16:21", "end": "00:16:25", "text": "like it here because we're here in let's"}, {"start": "00:16:24", "end": "00:16:27", "text": "see I don't know if you can see this"}, {"start": "00:16:25", "end": "00:16:30", "text": "because of the banner I got for for"}, {"start": "00:16:27", "end": "00:16:33", "text": "Ben's thing but this is the 27th of"}, {"start": "00:16:30", "end": "00:16:35", "text": "October 2025. See that sell right there"}, {"start": "00:16:33", "end": "00:16:37", "text": "where it says sell."}, {"start": "00:16:35", "end": "00:16:39", "text": ">> So that is telling you like everything's"}, {"start": "00:16:37", "end": "00:16:41", "text": "green here. You can accumulate whatever"}, {"start": "00:16:39", "end": "00:16:45", "text": "you want to do. Sit on it. But once this"}, {"start": "00:16:41", "end": "00:16:47", "text": "flips at 116K"}, {"start": "00:16:45", "end": "00:16:48", "text": "or 107K, but you probably hit around"}, {"start": "00:16:47", "end": "00:16:50", "text": "113,"}, {"start": "00:16:48", "end": "00:16:54", "text": "that's when it was telling you and"}, {"start": "00:16:50", "end": "00:16:58", "text": "flashing to sell. But the catch is as"}, {"start": "00:16:54", "end": "00:16:59", "text": "such because you saw it. If we go back"}, {"start": "00:16:58", "end": "00:17:01", "text": "here, what are all these other sell"}, {"start": "00:16:59", "end": "00:17:03", "text": "ones? Well,"}, {"start": "00:17:01", "end": "00:17:05", "text": "he's saying buy at this one. This is"}, {"start": "00:17:03", "end": "00:17:07", "text": "just a bot. Now, this one came out. I"}, {"start": "00:17:05", "end": "00:17:11", "text": "don't think I think Wes put this"}, {"start": "00:17:07", "end": "00:17:12", "text": "together and his developers. I think"}, {"start": "00:17:11", "end": "00:17:15", "text": "this is the start. So, it was kind of"}, {"start": "00:17:12", "end": "00:17:17", "text": "erratic. They had you buy in March 2022,"}, {"start": "00:17:15", "end": "00:17:19", "text": "which I got to tell you was wasn't that"}, {"start": "00:17:17", "end": "00:17:23", "text": "like uh the bottom"}, {"start": "00:17:19", "end": "00:17:25", "text": "roughly. That was"}, {"start": "00:17:23", "end": "00:17:28", "text": "where is that? March of 2022 was kind of"}, {"start": "00:17:25", "end": "00:17:31", "text": "a lower lower point and then we had sell"}, {"start": "00:17:28", "end": "00:17:33", "text": "here. That's doesn't make too much"}, {"start": "00:17:31", "end": "00:17:35", "text": "sense. It's too too"}, {"start": "00:17:33", "end": "00:17:36", "text": ">> March 22 was not a low low low."}, {"start": "00:17:35", "end": "00:17:40", "text": ">> Yeah."}, {"start": "00:17:36", "end": "00:17:42", "text": ">> The entire year of 22 was a descending."}, {"start": "00:17:40", "end": "00:17:45", "text": ">> It was pretty awful. And then everything"}, {"start": "00:17:42", "end": "00:17:49", "text": "turns bearish. Sell. Get out. And then"}, {"start": "00:17:45", "end": "00:17:52", "text": "buy right here around 19K. Okay. Not too"}, {"start": "00:17:49", "end": "00:17:55", "text": "bad. Almost the same as Ivans. But then"}, {"start": "00:17:52", "end": "00:17:57", "text": "you had a sell here at 30 and then"}, {"start": "00:17:55", "end": "00:18:00", "text": "another buy here at 25. That's something"}, {"start": "00:17:57", "end": "00:18:01", "text": "I'm not going to do. So I think but"}, {"start": "00:18:00", "end": "00:18:03", "text": "you'll see like these sell patterns"}, {"start": "00:18:01", "end": "00:18:06", "text": "they're kind of spaced out as it kind of"}, {"start": "00:18:03", "end": "00:18:09", "text": "realizes like hey this probably isn't"}, {"start": "00:18:06", "end": "00:18:12", "text": "you know they back test themselves. They"}, {"start": "00:18:09", "end": "00:18:15", "text": "want you to sell at 65k here but then"}, {"start": "00:18:12", "end": "00:18:17", "text": "bye bye bye you go. So again none of"}, {"start": "00:18:15", "end": "00:18:19", "text": "these are perfect. There are problems"}, {"start": "00:18:17", "end": "00:18:21", "text": "but they do give you an indicator of"}, {"start": "00:18:19", "end": "00:18:23", "text": "where things are potentially going and"}, {"start": "00:18:21", "end": "00:18:27", "text": "you can say hey maybe I should take a"}, {"start": "00:18:23", "end": "00:18:30", "text": "look at that. And that would lead me to"}, {"start": "00:18:27", "end": "00:18:32", "text": "Wes and a bonus."}, {"start": "00:18:30", "end": "00:18:33", "text": "If you're like, I don't want to deal"}, {"start": "00:18:32", "end": "00:18:35", "text": "with that, Rob. Give me some indicators"}, {"start": "00:18:33", "end": "00:18:38", "text": "that I can just do right now. Take a"}, {"start": "00:18:35", "end": "00:18:41", "text": "nice easy glance and then be aware of"}, {"start": "00:18:38", "end": "00:18:43", "text": "it. Remember when I said that zero fired"}, {"start": "00:18:41", "end": "00:18:44", "text": "as far as like for the coin glass, those"}, {"start": "00:18:43", "end": "00:18:47", "text": "30 different indicators? Well, there was"}, {"start": "00:18:44", "end": "00:18:49", "text": "one that came really, really close. And"}, {"start": "00:18:47", "end": "00:18:51", "text": "there was another one that I think we"}, {"start": "00:18:49", "end": "00:18:53", "text": "should all be looking at because it's"}, {"start": "00:18:51", "end": "00:18:54", "text": "been pretty roughly accurate for this"}, {"start": "00:18:53", "end": "00:18:56", "text": "thing called an altcoin season. Remember"}, {"start": "00:18:54", "end": "00:18:58", "text": "altcoins, Jerry, when everybody used to"}, {"start": "00:18:56", "end": "00:19:00", "text": "talk about them? Oh, that was awesome."}, {"start": "00:18:58", "end": "00:19:05", "text": ">> Yes, I do."}, {"start": "00:19:00", "end": "00:19:08", "text": ">> So, so this is"}, {"start": "00:19:05", "end": "00:19:11", "text": "and again, let me show you what this is"}, {"start": "00:19:08", "end": "00:19:14", "text": "so I can"}, {"start": "00:19:11", "end": "00:19:14", "text": "coin glass."}, {"start": "00:19:16", "end": "00:19:23", "text": "These were all the indicators 1 through"}, {"start": "00:19:19", "end": "00:19:26", "text": "30 and out of those number 22 is called"}, {"start": "00:19:23", "end": "00:19:27", "text": "the crypto Bitcoin bullrun index. Have"}, {"start": "00:19:26", "end": "00:19:30", "text": "you ever heard of this one, Jerry?"}, {"start": "00:19:27", "end": "00:19:33", "text": ">> Only here on this channel."}, {"start": "00:19:30", "end": "00:19:35", "text": ">> I didn't hear about it either. So, this"}, {"start": "00:19:33", "end": "00:19:37", "text": "was one to watch. What is it? It's"}, {"start": "00:19:35", "end": "00:19:40", "text": "actually from a friend of the show,"}, {"start": "00:19:37", "end": "00:19:41", "text": "Colin Talks Crypto. And he was the one"}, {"start": "00:19:40", "end": "00:19:43", "text": "that was that was always talking about"}, {"start": "00:19:41", "end": "00:19:44", "text": "the M2 money supply. The M2 money supply"}, {"start": "00:19:43", "end": "00:19:46", "text": "goes up, then obviously Bitcoin would go"}, {"start": "00:19:44", "end": "00:19:49", "text": "up. figured out there was a liquidity"}, {"start": "00:19:46", "end": "00:19:51", "text": "issue there. Yes. But didn't really plan"}, {"start": "00:19:49", "end": "00:19:55", "text": "out. But Colinto's crypto Bitcoin bull"}, {"start": "00:19:51", "end": "00:19:57", "text": "run index was pretty accurate. And how"}, {"start": "00:19:55", "end": "00:19:59", "text": "it does this, I like this one. It's"}, {"start": "00:19:57", "end": "00:20:01", "text": "designed to evaluate the stage of"}, {"start": "00:19:59", "end": "00:20:04", "text": "Bitcoin's market cycle for your cycles,"}, {"start": "00:20:01", "end": "00:20:05", "text": "right? Analyzing multiple onchain and"}, {"start": "00:20:04", "end": "00:20:08", "text": "technical metrics in real time. It"}, {"start": "00:20:05", "end": "00:20:10", "text": "generates a confidence score. And it's"}, {"start": "00:20:08", "end": "00:20:13", "text": "supposed to tell you the Bitcoin bull"}, {"start": "00:20:10", "end": "00:20:14", "text": "run peak, which does a good job, or the"}, {"start": "00:20:13", "end": "00:20:17", "text": "bare market bottom, where it doesn't"}, {"start": "00:20:14", "end": "00:20:18", "text": "really do as good as the job. And this"}, {"start": "00:20:17", "end": "00:20:21", "text": "is how it works. It combines nine"}, {"start": "00:20:18", "end": "00:20:23", "text": "metrics, and four of them are five of"}, {"start": "00:20:21", "end": "00:20:26", "text": "them are listed. Bitcoin price trends,"}, {"start": "00:20:23", "end": "00:20:28", "text": "NVRV ratio, R hold ratio, NUPL, and"}, {"start": "00:20:26", "end": "00:20:32", "text": "reserve risk. And I think the other four"}, {"start": "00:20:28", "end": "00:20:34", "text": "I just didn't uh didn't uh highlight"}, {"start": "00:20:32", "end": "00:20:35", "text": "here, but you can check it out because I"}, {"start": "00:20:34", "end": "00:20:38", "text": "linked these in the description. You can"}, {"start": "00:20:35", "end": "00:20:41", "text": "check them. But look at this."}, {"start": "00:20:38", "end": "00:20:45", "text": "So, first of all, what is this?"}, {"start": "00:20:41", "end": "00:20:49", "text": "The Bitcoin price is in yellow"}, {"start": "00:20:45", "end": "00:20:52", "text": "and the CBBI is in green. And again, it"}, {"start": "00:20:49", "end": "00:20:56", "text": "did a pretty good job"}, {"start": "00:20:52", "end": "00:20:59", "text": "back in the day. This is 2013."}, {"start": "00:20:56", "end": "00:21:02", "text": "Top 29th November. Okay, nailed it. 10th"}, {"start": "00:20:59", "end": "00:21:04", "text": "of December."}, {"start": "00:21:02", "end": "00:21:06", "text": "What did it say here?"}, {"start": "00:21:04", "end": "00:21:09", "text": "16,000"}, {"start": "00:21:06", "end": "00:21:13", "text": "19,000. Okay, but that's going"}, {"start": "00:21:09", "end": "00:21:16", "text": "backwards. And now for this one,"}, {"start": "00:21:13", "end": "00:21:19", "text": "it didn't hit the absolute top. It"}, {"start": "00:21:16", "end": "00:21:22", "text": "actually called for which is the"}, {"start": "00:21:19", "end": "00:21:24", "text": "absolute top here? 18th of February?"}, {"start": "00:21:22", "end": "00:21:26", "text": "55,000."}, {"start": "00:21:24", "end": "00:21:32", "text": "Jerry, would you be okay taking some"}, {"start": "00:21:26", "end": "00:21:32", "text": "profits at 55,000 as opposed to 66,000?"}, {"start": "00:21:34", "end": "00:21:37", "text": "Yeah,"}, {"start": "00:21:35", "end": "00:21:39", "text": ">> a trader would."}, {"start": "00:21:37", "end": "00:21:40", "text": ">> Yeah. And this is where I I see I I"}, {"start": "00:21:39", "end": "00:21:41", "text": "think it's a good idea to like if you're"}, {"start": "00:21:40", "end": "00:21:43", "text": "going to layer in, why couldn't you"}, {"start": "00:21:41", "end": "00:21:44", "text": "layer out? So, if you're here and you're"}, {"start": "00:21:43", "end": "00:21:46", "text": "hitting these these high levels, you're"}, {"start": "00:21:44", "end": "00:21:50", "text": "like, maybe I'll just layer a little bit"}, {"start": "00:21:46", "end": "00:21:54", "text": "here. And at the 60 at 12th of April, it"}, {"start": "00:21:50", "end": "00:21:56", "text": "was 63 almost 64K. And then the the high"}, {"start": "00:21:54", "end": "00:21:58", "text": "of the cycle"}, {"start": "00:21:56", "end": "00:22:02", "text": "was roughly in November. And you can see"}, {"start": "00:21:58", "end": "00:22:03", "text": "it didn't hit that, but still, I don't"}, {"start": "00:22:02", "end": "00:22:05", "text": "know if you remember that, but April was"}, {"start": "00:22:03", "end": "00:22:08", "text": "pretty close to the all-time high. Then"}, {"start": "00:22:05", "end": "00:22:11", "text": "we did a massive dip of 50%. Or 40% and"}, {"start": "00:22:08", "end": "00:22:13", "text": "then we went right back up to 67, but"}, {"start": "00:22:11", "end": "00:22:18", "text": "the indicator didn't hit. And the last"}, {"start": "00:22:13", "end": "00:22:22", "text": "one for October, it didn't hit that, but"}, {"start": "00:22:18", "end": "00:22:24", "text": "guess what? It got 23rd of July 118,000."}, {"start": "00:22:22", "end": "00:22:27", "text": "That was that was its top. And the level"}, {"start": "00:22:24", "end": "00:22:29", "text": "was 93. So, as I'm looking at this, see"}, {"start": "00:22:27", "end": "00:22:33", "text": "that 93 number there? I'm thinking to"}, {"start": "00:22:29", "end": "00:22:36", "text": "myself, what if I just play it safe and"}, {"start": "00:22:33", "end": "00:22:41", "text": "just say, you know what, anything above"}, {"start": "00:22:36", "end": "00:22:41", "text": "85, I'm going to start taking profits."}, {"start": "00:22:42", "end": "00:22:51", "text": "That would be like prices of 115, 118."}, {"start": "00:22:47", "end": "00:22:54", "text": "Over here it was 96, 94, 102, so on and"}, {"start": "00:22:51", "end": "00:22:55", "text": "so forth. Jerry, thoughts about that one"}, {"start": "00:22:54", "end": "00:22:57", "text": "before we go on to the altcoin season"}, {"start": "00:22:55", "end": "00:23:00", "text": "index?"}, {"start": "00:22:57", "end": "00:23:02", "text": ">> Well, the the the one thought I have"}, {"start": "00:23:00", "end": "00:23:03", "text": "doesn't apply to my generation, but"}, {"start": "00:23:02", "end": "00:23:06", "text": "definitely my sons, right? And the one"}, {"start": "00:23:03", "end": "00:23:07", "text": "thought I have around something like"}, {"start": "00:23:06", "end": "00:23:15", "text": "this is"}, {"start": "00:23:07", "end": "00:23:18", "text": "a way to maximize your return is to"}, {"start": "00:23:15", "end": "00:23:20", "text": "have a system, use information, but also"}, {"start": "00:23:18", "end": "00:23:22", "text": "where are you going to use it? For"}, {"start": "00:23:20", "end": "00:23:24", "text": "instance, I would not use this in my"}, {"start": "00:23:22", "end": "00:23:25", "text": "Coinbase account. And I'll tell you why."}, {"start": "00:23:24", "end": "00:23:29", "text": ">> All right."}, {"start": "00:23:25", "end": "00:23:35", "text": ">> When you trade an asset and you capture"}, {"start": "00:23:29", "end": "00:23:39", "text": "a game, if you're a US citizen in the US"}, {"start": "00:23:35", "end": "00:23:43", "text": "doing this, there is taxes to be paid."}, {"start": "00:23:39", "end": "00:23:46", "text": "You pay taxes on gains. Unless, and here"}, {"start": "00:23:43", "end": "00:23:49", "text": "is the magic, unless you're trading"}, {"start": "00:23:46", "end": "00:23:53", "text": "within your Roth IRA account, and you"}, {"start": "00:23:49", "end": "00:23:56", "text": "can have that with ITRT capital, you can"}, {"start": "00:23:53", "end": "00:24:00", "text": "literally apply a trading strategy"}, {"start": "00:23:56", "end": "00:24:04", "text": "within your structured account,"}, {"start": "00:24:00", "end": "00:24:06", "text": ">> capture these gains, and capture 100% of"}, {"start": "00:24:04", "end": "00:24:10", "text": "the gains. You give none of it to the"}, {"start": "00:24:06", "end": "00:24:14", "text": "government for taxes. If I was in my 20s"}, {"start": "00:24:10", "end": "00:24:16", "text": "or 30s, that's exactly how I would be"}, {"start": "00:24:14", "end": "00:24:19", "text": "applying this information. Now, those"}, {"start": "00:24:16", "end": "00:24:20", "text": "gains don't go into your checking"}, {"start": "00:24:19", "end": "00:24:23", "text": "account. You're not going to go buy"}, {"start": "00:24:20", "end": "00:24:25", "text": "Starbucks tomorrow on them, but you will"}, {"start": "00:24:23", "end": "00:24:28", "text": "have them for when you get to your"}, {"start": "00:24:25", "end": "00:24:31", "text": "retirement threshold within the account."}, {"start": "00:24:28", "end": "00:24:33", "text": "And you can turn"}, {"start": "00:24:31", "end": "00:24:36", "text": "well you can get a higher ROI return on"}, {"start": "00:24:33", "end": "00:24:38", "text": "investment than your normal IRA"}, {"start": "00:24:36", "end": "00:24:39", "text": "contributions,"}, {"start": "00:24:38", "end": "00:24:43", "text": ">> right? Yeah. That's how"}, {"start": "00:24:39", "end": "00:24:47", "text": ">> this is this now becomes powerful. It's"}, {"start": "00:24:43", "end": "00:24:48", "text": "like adding steroids to your"}, {"start": "00:24:47", "end": "00:24:50", "text": "process."}, {"start": "00:24:48", "end": "00:24:51", "text": ">> Yeah. This is how Peter Teal did it, you"}, {"start": "00:24:50", "end": "00:24:53", "text": "know, and we talked about this in the"}, {"start": "00:24:51", "end": "00:24:54", "text": "show. He took his PayPal stocks, stuck"}, {"start": "00:24:53", "end": "00:24:56", "text": "them in a Roth IRA all those years ago"}, {"start": "00:24:54", "end": "00:24:59", "text": "and just didn't like didn't touch it."}, {"start": "00:24:56", "end": "00:25:02", "text": "PayPal back then wasn't worth squat. Now"}, {"start": "00:24:59", "end": "00:25:04", "text": "of course it's top I don't knowund 150"}, {"start": "00:25:02", "end": "00:25:05", "text": "company billions of dollars that guy I"}, {"start": "00:25:04", "end": "00:25:08", "text": "think he has like three or four billion"}, {"start": "00:25:05", "end": "00:25:11", "text": "dollars in non-t taxable retirement"}, {"start": "00:25:08", "end": "00:25:13", "text": "income is able to take out and that's"}, {"start": "00:25:11", "end": "00:25:15", "text": "only because there there's there's a"}, {"start": "00:25:13", "end": "00:25:17", "text": "yearly you can only put in so much"}, {"start": "00:25:15", "end": "00:25:19", "text": ">> and back then it might have been 5,000"}, {"start": "00:25:17", "end": "00:25:20", "text": "now it's around 8,000"}, {"start": "00:25:19", "end": "00:25:22", "text": ">> correct me in the comment section. So he"}, {"start": "00:25:20", "end": "00:25:23", "text": "just put all his PayPal stocks which"}, {"start": "00:25:22", "end": "00:25:24", "text": "didn't worth anything. It's the same"}, {"start": "00:25:23", "end": "00:25:26", "text": "thing right now if you do it with"}, {"start": "00:25:24", "end": "00:25:28", "text": "Bitcoin or any kind of altcoin you could"}, {"start": "00:25:26", "end": "00:25:30", "text": "or now they have ETFs and stocks you can"}, {"start": "00:25:28", "end": "00:25:32", "text": "put them in there and then there's no"}, {"start": "00:25:30", "end": "00:25:33", "text": "capital gains which is quite nice"}, {"start": "00:25:32", "end": "00:25:35", "text": "because you know I don't think the"}, {"start": "00:25:33", "end": "00:25:36", "text": "government knows what it's doing with"}, {"start": "00:25:35", "end": "00:25:40", "text": "our tax dollars. I'm just going to throw"}, {"start": "00:25:36", "end": "00:25:42", "text": "it out there. So there is that one those"}, {"start": "00:25:40", "end": "00:25:44", "text": "ones. Good points Jerry. Now let's take"}, {"start": "00:25:42", "end": "00:25:46", "text": "a look at this altcoin season index."}, {"start": "00:25:44", "end": "00:25:48", "text": "This one was the most interesting to me."}, {"start": "00:25:46", "end": "00:25:49", "text": "I mean this one was great. Again links"}, {"start": "00:25:48", "end": "00:25:53", "text": "in the description. you can check it"}, {"start": "00:25:49", "end": "00:25:55", "text": "out. I linked this entire"}, {"start": "00:25:53", "end": "00:25:57", "text": "uh presentation. So, if you're looking"}, {"start": "00:25:55", "end": "00:26:00", "text": "for the links for these things, they'll"}, {"start": "00:25:57", "end": "00:26:02", "text": "be right here. But this last one here,"}, {"start": "00:26:00", "end": "00:26:03", "text": "this altcoin season index, I know people"}, {"start": "00:26:02", "end": "00:26:05", "text": "are like, why are we talking about"}, {"start": "00:26:03", "end": "00:26:07", "text": "altcoins? Let's just talk about Bitcoin"}, {"start": "00:26:05", "end": "00:26:09", "text": "all the time, which is fine, but there's"}, {"start": "00:26:07", "end": "00:26:11", "text": "going to be some outsized gains. I think"}, {"start": "00:26:09", "end": "00:26:14", "text": "we all know it. Altcoin season index is"}, {"start": "00:26:11", "end": "00:26:16", "text": "this. It's simply, it's based on some"}, {"start": "00:26:14", "end": "00:26:17", "text": "factors. Relative performance, the"}, {"start": "00:26:16", "end": "00:26:20", "text": "performance of Bitcoin, other altcoins."}, {"start": "00:26:17", "end": "00:26:21", "text": "If Bitcoin isn't performing as well, we"}, {"start": "00:26:20", "end": "00:26:22", "text": "say it's, you know, altcoin season,"}, {"start": "00:26:21", "end": "00:26:25", "text": "which we did. We got a really horrible"}, {"start": "00:26:22", "end": "00:26:27", "text": "one in 2025. And there's also the market"}, {"start": "00:26:25", "end": "00:26:29", "text": "cap ratio, which is Bitcoin dominance,"}, {"start": "00:26:27", "end": "00:26:30", "text": "which I think everybody here when they"}, {"start": "00:26:29", "end": "00:26:33", "text": "when they hear Bitcoin dominance, they"}, {"start": "00:26:30", "end": "00:26:36", "text": "think of Ben. But this one here, I found"}, {"start": "00:26:33", "end": "00:26:40", "text": "it interesting because it didn't hit the"}, {"start": "00:26:36", "end": "00:26:43", "text": "top on this cycle either, right? the its"}, {"start": "00:26:40", "end": "00:26:47", "text": "top first of all"}, {"start": "00:26:43", "end": "00:26:48", "text": "it topped out in 2022"}, {"start": "00:26:47", "end": "00:26:50", "text": "which was of course you know Bitcoin ran"}, {"start": "00:26:48", "end": "00:26:54", "text": "and then the altcoins ran it topped out"}, {"start": "00:26:50", "end": "00:26:57", "text": "in May of 2021 so not the greatest and"}, {"start": "00:26:54", "end": "00:27:00", "text": "then this one over here where it gets"}, {"start": "00:26:57", "end": "00:27:04", "text": "above this threshold of 75 it did it"}, {"start": "00:27:00", "end": "00:27:07", "text": "once and I want to tell you the date and"}, {"start": "00:27:04", "end": "00:27:10", "text": "it's between 11th September"}, {"start": "00:27:07", "end": "00:27:12", "text": "2025"}, {"start": "00:27:10", "end": "00:27:16", "text": "somewhere down here. But before we do"}, {"start": "00:27:12", "end": "00:27:18", "text": "that, take a look at this one. 2024 was"}, {"start": "00:27:16", "end": "00:27:20", "text": "even higher. And I think this is where"}, {"start": "00:27:18", "end": "00:27:22", "text": "people got mistaken because they"}, {"start": "00:27:20", "end": "00:27:24", "text": "thought, okay, well, this is how it has"}, {"start": "00:27:22", "end": "00:27:25", "text": "to be. Bitcoin has to run first. So,"}, {"start": "00:27:24", "end": "00:27:28", "text": "we're going to wait for that. And then"}, {"start": "00:27:25", "end": "00:27:30", "text": "it's going to flow into altcoins. That"}, {"start": "00:27:28", "end": "00:27:33", "text": "didn't happen. 2024, third of December."}, {"start": "00:27:30", "end": "00:27:35", "text": "Let's take a look at those prices."}, {"start": "00:27:33", "end": "00:27:38", "text": "Here's the 1 of December. So, a couple"}, {"start": "00:27:35", "end": "00:27:41", "text": "days off, but here's what we have as of"}, {"start": "00:27:38", "end": "00:27:45", "text": "this week. Well, Bitcoin's at 80,"}, {"start": "00:27:41", "end": "00:27:49", "text": "Ethereum 2400, BNB 716, XRP A134. Back"}, {"start": "00:27:45", "end": "00:27:51", "text": "in 2024, again, a full two years before"}, {"start": "00:27:49", "end": "00:27:53", "text": "or probably a year or so beforehand."}, {"start": "00:27:51", "end": "00:27:55", "text": "Bitcoin is roughly 100. Ethereum was"}, {"start": "00:27:53", "end": "00:27:58", "text": "$3,700."}, {"start": "00:27:55", "end": "00:28:00", "text": "XRP was $2.32."}, {"start": "00:27:58", "end": "00:28:04", "text": "Solana was 237. Let me compare that"}, {"start": "00:28:00", "end": "00:28:06", "text": "again. Solana"}, {"start": "00:28:04", "end": "00:28:09", "text": "roughly this week less than 100 bucks"}, {"start": "00:28:06", "end": "00:28:16", "text": "now it's a little bit above XRP a$134"}, {"start": "00:28:09", "end": "00:28:18", "text": "back then XRP 230 Sana 237 BNB was $655"}, {"start": "00:28:16", "end": "00:28:20", "text": "over here"}, {"start": "00:28:18", "end": "00:28:22", "text": ">> 716"}, {"start": "00:28:20", "end": "00:28:24", "text": "take it that's not too bad actually so"}, {"start": "00:28:22", "end": "00:28:28", "text": "BNB didn't really hit that threshold"}, {"start": "00:28:24", "end": "00:28:31", "text": "Cardanzo was a$1.15"}, {"start": "00:28:28", "end": "00:28:33", "text": "over here a dollar not too bad Actually,"}, {"start": "00:28:31", "end": "00:28:34", "text": "what?"}, {"start": "00:28:33", "end": "00:28:38", "text": "Oh, sorry. I'm not looking at the right"}, {"start": "00:28:34", "end": "00:28:38", "text": "thing. I was looking at USDC."}, {"start": "00:28:38", "end": "00:28:43", "text": ">> Number 15, Cardano."}, {"start": "00:28:40", "end": "00:28:44", "text": ">> Cardano. Thank you. 20 cents."}, {"start": "00:28:43", "end": "00:28:47", "text": ">> 20 cents."}, {"start": "00:28:44", "end": "00:28:50", "text": ">> So, if we take a look Yeah. If we if we"}, {"start": "00:28:47", "end": "00:28:53", "text": "take a look at this and just take a look"}, {"start": "00:28:50", "end": "00:28:54", "text": "at this this index itself, we can see"}, {"start": "00:28:53", "end": "00:28:57", "text": "that it actually did a pretty good job"}, {"start": "00:28:54", "end": "00:29:00", "text": "and it didn't do a bad job over here 11"}, {"start": "00:28:57", "end": "00:29:02", "text": "2025. So these are the things that I"}, {"start": "00:29:00", "end": "00:29:04", "text": "look at and I'm trying to I'm gonna move"}, {"start": "00:29:02", "end": "00:29:06", "text": "forward. So the big three which would be"}, {"start": "00:29:04", "end": "00:29:07", "text": "Ben, Ivan, and Wes. I'm gonna take a"}, {"start": "00:29:06", "end": "00:29:09", "text": "look at these two indicators moving"}, {"start": "00:29:07", "end": "00:29:10", "text": "forward and I'm going to start to layer"}, {"start": "00:29:09", "end": "00:29:12", "text": "out instead of just trying to think that"}, {"start": "00:29:10", "end": "00:29:15", "text": "ah I'll get close to the top and just"}, {"start": "00:29:12", "end": "00:29:16", "text": "get it. This has to be the plan. Jerry,"}, {"start": "00:29:15", "end": "00:29:18", "text": "thoughts before we go on to the AI"}, {"start": "00:29:16", "end": "00:29:20", "text": "nonsense that's going on in the world"}, {"start": "00:29:18", "end": "00:29:21", "text": "today. No, I think I think you covered I"}, {"start": "00:29:20", "end": "00:29:24", "text": "think you covered a lot of really"}, {"start": "00:29:21", "end": "00:29:27", "text": "important ground and and the viewers"}, {"start": "00:29:24", "end": "00:29:29", "text": "have access to that entire presentation"}, {"start": "00:29:27", "end": "00:29:32", "text": "with the links to these indicators. It's"}, {"start": "00:29:29", "end": "00:29:34", "text": "up to us to decide how we're going to"}, {"start": "00:29:32", "end": "00:29:37", "text": "use them. Do they fit with our"}, {"start": "00:29:34", "end": "00:29:41", "text": "investment thesis or not? Um all you can"}, {"start": "00:29:37", "end": "00:29:43", "text": "do as an educator is provide the info."}, {"start": "00:29:41", "end": "00:29:46", "text": ">> Yeah. Oh, speaking of info, this is a"}, {"start": "00:29:43", "end": "00:29:48", "text": "good one. So, we know that in midterm"}, {"start": "00:29:46", "end": "00:29:50", "text": "years, just like four-year cycles,"}, {"start": "00:29:48", "end": "00:29:53", "text": "midterms are every four years. And we"}, {"start": "00:29:50", "end": "00:29:55", "text": "usually have a downward trajectory in"}, {"start": "00:29:53", "end": "00:29:58", "text": "the traditional markets as also our"}, {"start": "00:29:55", "end": "00:30:00", "text": "markets. But this year didn't work out"}, {"start": "00:29:58", "end": "00:30:03", "text": "like that. I think it was because of a"}, {"start": "00:30:00", "end": "00:30:04", "text": "big factor which is AI. And because of"}, {"start": "00:30:03", "end": "00:30:06", "text": "AI, it propped a lot of different things"}, {"start": "00:30:04", "end": "00:30:08", "text": "up because people were thinking this is"}, {"start": "00:30:06", "end": "00:30:10", "text": "a generational opportunity. I need to"}, {"start": "00:30:08", "end": "00:30:12", "text": "get into this beforehand and I really"}, {"start": "00:30:10", "end": "00:30:16", "text": "got to start to look at, you know,"}, {"start": "00:30:12", "end": "00:30:17", "text": "Enthropic and Open AI and SpaceX, Grock,"}, {"start": "00:30:16", "end": "00:30:18", "text": "those types of things because they're"}, {"start": "00:30:17", "end": "00:30:20", "text": "the ones that are going to really take"}, {"start": "00:30:18", "end": "00:30:23", "text": "off."}, {"start": "00:30:20", "end": "00:30:27", "text": "I see some problems. Take a look at"}, {"start": "00:30:23", "end": "00:30:29", "text": "this. Bery, good one to follow for sure."}, {"start": "00:30:27", "end": "00:30:32", "text": "And you guys have heard this, right?"}, {"start": "00:30:29", "end": "00:30:35", "text": "Anthropic is reportedly planning to"}, {"start": "00:30:32", "end": "00:30:37", "text": "release a new AI model just days after"}, {"start": "00:30:35", "end": "00:30:40", "text": "CEO Daario called for the whole industry"}, {"start": "00:30:37", "end": "00:30:43", "text": "to slow down. And if you're not aware,"}, {"start": "00:30:40", "end": "00:30:44", "text": "there was the big three. You had Elon"}, {"start": "00:30:43", "end": "00:30:46", "text": "Musk, Sam Alman, and Mario here from"}, {"start": "00:30:44", "end": "00:30:48", "text": "Anthropic. They all got together and"}, {"start": "00:30:46", "end": "00:30:49", "text": "said, \"We need to slow things down"}, {"start": "00:30:48", "end": "00:30:51", "text": "because AI is going to kill every single"}, {"start": "00:30:49", "end": "00:30:52", "text": "person on the planet.\" Okay, they didn't"}, {"start": "00:30:51", "end": "00:30:55", "text": "say that last part, but they did"}, {"start": "00:30:52", "end": "00:30:57", "text": "something like that. and they called for"}, {"start": "00:30:55", "end": "00:30:59", "text": "people to just slow down in the industry"}, {"start": "00:30:57", "end": "00:31:01", "text": "because they were going too fast. And I"}, {"start": "00:30:59", "end": "00:31:02", "text": "brought this up actually on NFA Live and"}, {"start": "00:31:01", "end": "00:31:04", "text": "a lot of you in the comments section"}, {"start": "00:31:02", "end": "00:31:05", "text": "were like, \"That's BS. We don't think"}, {"start": "00:31:04", "end": "00:31:08", "text": "that's actually going to happen.\" And"}, {"start": "00:31:05", "end": "00:31:10", "text": "you know what? You're probably right."}, {"start": "00:31:08", "end": "00:31:13", "text": "So the thing is is that they're calling"}, {"start": "00:31:10", "end": "00:31:14", "text": "for everything to slow down. Yet in the"}, {"start": "00:31:13", "end": "00:31:17", "text": "background,"}, {"start": "00:31:14", "end": "00:31:18", "text": "they're releasing a new AI model, more"}, {"start": "00:31:17", "end": "00:31:21", "text": "powerful,"}, {"start": "00:31:18", "end": "00:31:24", "text": "get in the hands of people, and just"}, {"start": "00:31:21", "end": "00:31:26", "text": "really, you know, hyperdrive what"}, {"start": "00:31:24", "end": "00:31:28", "text": "they're doing right now. So, it doesn't"}, {"start": "00:31:26", "end": "00:31:30", "text": "sound like somebody who really wants to"}, {"start": "00:31:28", "end": "00:31:33", "text": "slow things down if they're making new"}, {"start": "00:31:30", "end": "00:31:35", "text": "models, better models, faster models,"}, {"start": "00:31:33", "end": "00:31:38", "text": "and so on and so forth."}, {"start": "00:31:35", "end": "00:31:40", "text": "And"}, {"start": "00:31:38", "end": "00:31:41", "text": "I like this this one from sovereign"}, {"start": "00:31:40", "end": "00:31:43", "text": "sovereign bra says days after the"}, {"start": "00:31:41", "end": "00:31:45", "text": "industry needs to slow down. Anthrop is"}, {"start": "00:31:43", "end": "00:31:50", "text": "looking at rounding a new frontier"}, {"start": "00:31:45", "end": "00:31:51", "text": "model. And also on top of that"}, {"start": "00:31:50", "end": "00:31:54", "text": "why would they do this? That's the"}, {"start": "00:31:51", "end": "00:31:56", "text": "question. Why would they do this? It's"}, {"start": "00:31:54", "end": "00:31:58", "text": "because there are open models and there"}, {"start": "00:31:56", "end": "00:32:00", "text": "are closed models. Closed models the"}, {"start": "00:31:58", "end": "00:32:03", "text": "ones we just take a look at. Anthropic"}, {"start": "00:32:00", "end": "00:32:05", "text": "open AI G. Open models are the ones that"}, {"start": "00:32:03", "end": "00:32:06", "text": "you hear about from China. China and"}, {"start": "00:32:05", "end": "00:32:08", "text": "they're doing all these great things,"}, {"start": "00:32:06", "end": "00:32:09", "text": "but it's an open model. They can do"}, {"start": "00:32:08", "end": "00:32:11", "text": "whatever they want to do instead of"}, {"start": "00:32:09", "end": "00:32:13", "text": "having everything pretty much in a"}, {"start": "00:32:11", "end": "00:32:15", "text": "walled garden, which is why I think"}, {"start": "00:32:13", "end": "00:32:18", "text": "open's going to win. But because it's so"}, {"start": "00:32:15", "end": "00:32:21", "text": "much open AI trajectory and especially"}, {"start": "00:32:18", "end": "00:32:22", "text": "moving forward in that direction, we're"}, {"start": "00:32:21", "end": "00:32:25", "text": "seeing that a lot of these companies are"}, {"start": "00:32:22", "end": "00:32:26", "text": "like, \"Oh, shoot. Maybe this moat that"}, {"start": "00:32:25", "end": "00:32:28", "text": "we thought we had around our business"}, {"start": "00:32:26", "end": "00:32:29", "text": "and the tokens that are being used and"}, {"start": "00:32:28", "end": "00:32:31", "text": "the amount of money that we can actually"}, {"start": "00:32:29", "end": "00:32:33", "text": "get, maybe it isn't as big as we"}, {"start": "00:32:31", "end": "00:32:35", "text": "thought.\" So, let's call a spade of"}, {"start": "00:32:33", "end": "00:32:37", "text": "spade and say, \"Let's slow everything"}, {"start": "00:32:35", "end": "00:32:39", "text": "down. Let's subsidize this with the"}, {"start": "00:32:37", "end": "00:32:40", "text": "government.\" These are just the thoughts"}, {"start": "00:32:39", "end": "00:32:42", "text": "that I have, and I think there's some"}, {"start": "00:32:40", "end": "00:32:45", "text": "other people with those same thoughts."}, {"start": "00:32:42", "end": "00:32:47", "text": "Jerry, you're in the AI business. Take"}, {"start": "00:32:45", "end": "00:32:51", "text": "us home, then we'll get in the Q&A."}, {"start": "00:32:47", "end": "00:32:54", "text": ">> I'm actually in the compute business"}, {"start": "00:32:51", "end": "00:32:57", "text": ">> and AI is the industry that is using the"}, {"start": "00:32:54", "end": "00:32:58", "text": "most compute."}, {"start": "00:32:57", "end": "00:33:01", "text": "And one of the things I think it's"}, {"start": "00:32:58", "end": "00:33:05", "text": "important for people to understand"}, {"start": "00:33:01", "end": "00:33:09", "text": "is that tokens are the fuel."}, {"start": "00:33:05", "end": "00:33:11", "text": "Like watts are the fuel for powering my"}, {"start": "00:33:09", "end": "00:33:14", "text": "computer. My computer needs x amount of"}, {"start": "00:33:11", "end": "00:33:17", "text": "watts. I'm getting those watts from a um"}, {"start": "00:33:14", "end": "00:33:19", "text": "hydroelect electric plant 80 miles down"}, {"start": "00:33:17", "end": "00:33:22", "text": "the road, right? And I'm paying for that"}, {"start": "00:33:19", "end": "00:33:25", "text": "electricity to go into my machine. Bada"}, {"start": "00:33:22", "end": "00:33:27", "text": "bing. the tokens, the tokens are that"}, {"start": "00:33:25", "end": "00:33:31", "text": "same type of"}, {"start": "00:33:27", "end": "00:33:34", "text": "commodity in the compute world. And what"}, {"start": "00:33:31", "end": "00:33:36", "text": "you're seeing is the use of these"}, {"start": "00:33:34", "end": "00:33:42", "text": "platforms, whether they be open- source"}, {"start": "00:33:36", "end": "00:33:45", "text": "AI or closed is that use that tokens,"}, {"start": "00:33:42", "end": "00:33:49", "text": "right? And so there an open-source deal."}, {"start": "00:33:45", "end": "00:33:51", "text": "I'm not paying the"}, {"start": "00:33:49", "end": "00:33:54", "text": "programmer who created the open source"}, {"start": "00:33:51", "end": "00:33:56", "text": "model for the tokens. I'm only paying"}, {"start": "00:33:54", "end": "00:33:59", "text": "the electricity"}, {"start": "00:33:56", "end": "00:34:01", "text": "and the hosting. So, electricity running"}, {"start": "00:33:59", "end": "00:34:06", "text": "through a chip, whether it's in my home"}, {"start": "00:34:01", "end": "00:34:08", "text": "or down the street, generates tokens."}, {"start": "00:34:06", "end": "00:34:11", "text": "If you add a closed model onto that, add"}, {"start": "00:34:08", "end": "00:34:15", "text": "a third layer of payment. That's why an"}, {"start": "00:34:11", "end": "00:34:19", "text": "open AI model token cost is going to be"}, {"start": "00:34:15", "end": "00:34:22", "text": "higher than a cloud provider open-source"}, {"start": "00:34:19", "end": "00:34:25", "text": "model token cost. And then the very"}, {"start": "00:34:22", "end": "00:34:28", "text": "lowest part of that is I host the model"}, {"start": "00:34:25", "end": "00:34:30", "text": "on my own hardware. Those tokens"}, {"start": "00:34:28", "end": "00:34:33", "text": "literally equal the cost of the"}, {"start": "00:34:30", "end": "00:34:37", "text": "electricity. So there are these plateaus"}, {"start": "00:34:33", "end": "00:34:40", "text": "of cost for tokens. Not all tokens"}, {"start": "00:34:37", "end": "00:34:41", "text": ">> have the same value when it equates to"}, {"start": "00:34:40", "end": "00:34:44", "text": "dollars. And that's the hierarchy,"}, {"start": "00:34:41", "end": "00:34:48", "text": "right? I host the model myself. Lowest"}, {"start": "00:34:44", "end": "00:34:52", "text": "token cost. I go to an open-source"}, {"start": "00:34:48", "end": "00:34:54", "text": "model in a cloud provider, maybe an AWS"}, {"start": "00:34:52", "end": "00:34:57", "text": "server or a Digital Ocean or somebody"}, {"start": "00:34:54", "end": "00:35:00", "text": "like that that has a cost structure. And"}, {"start": "00:34:57", "end": "00:35:03", "text": "then if I'm getting it directly from"}, {"start": "00:35:00", "end": "00:35:05", "text": "OpenAI, Anthropic or XAI, I'm going to"}, {"start": "00:35:03", "end": "00:35:07", "text": "be paying the highest token price"}, {"start": "00:35:05", "end": "00:35:09", "text": "because I'm paying for the electricity,"}, {"start": "00:35:07", "end": "00:35:11", "text": "I'm paying for the cloud, and I'm paying"}, {"start": "00:35:09", "end": "00:35:13", "text": "for their proprietary blah blah blah"}, {"start": "00:35:11", "end": "00:35:16", "text": "blah blah. And so one of the interesting"}, {"start": "00:35:13", "end": "00:35:19", "text": "elements that we're seeing in this space"}, {"start": "00:35:16", "end": "00:35:20", "text": "as it pertains to compute i.e. the use"}, {"start": "00:35:19", "end": "00:35:21", "text": "of tokens."}, {"start": "00:35:20", "end": "00:35:23", "text": ">> Yeah."}, {"start": "00:35:21", "end": "00:35:25", "text": ">> Is there is the cost of the token and"}, {"start": "00:35:23", "end": "00:35:28", "text": "then there is the sovereignty or"}, {"start": "00:35:25", "end": "00:35:30", "text": "ownership of the data."}, {"start": "00:35:28", "end": "00:35:33", "text": ">> Yeah. it comes and and and so this is a"}, {"start": "00:35:30", "end": "00:35:36", "text": "really interesting dichotomy in in this"}, {"start": "00:35:33", "end": "00:35:40", "text": "whole AI space in that it's the cheapest"}, {"start": "00:35:36", "end": "00:35:43", "text": "and safest use of a model is if you're"}, {"start": "00:35:40", "end": "00:35:45", "text": "hosting it on your machine. Not only"}, {"start": "00:35:43", "end": "00:35:48", "text": "does it cost the least amount of money"}, {"start": "00:35:45", "end": "00:35:51", "text": "to operate, but it's also the most"}, {"start": "00:35:48", "end": "00:35:53", "text": "sovereign way to interact with data."}, {"start": "00:35:51", "end": "00:35:54", "text": ">> It's really backwards."}, {"start": "00:35:53", "end": "00:35:57", "text": ">> It's really backwards"}, {"start": "00:35:54", "end": "00:35:59", "text": ">> and interesting. And so as this industry"}, {"start": "00:35:57", "end": "00:36:01", "text": "matures,"}, {"start": "00:35:59", "end": "00:36:03", "text": ">> you'll see a lot of that going that way."}, {"start": "00:36:01", "end": "00:36:07", "text": "Unfortunately, that lowest cost"}, {"start": "00:36:03", "end": "00:36:09", "text": "operating method or process is the"}, {"start": "00:36:07", "end": "00:36:11", "text": "hardest because you have to know what"}, {"start": "00:36:09", "end": "00:36:14", "text": "kind of machine you need. You have to be"}, {"start": "00:36:11", "end": "00:36:16", "text": "able to maintain maintain the machine"}, {"start": "00:36:14", "end": "00:36:20", "text": "and you have to be able to understand"}, {"start": "00:36:16", "end": "00:36:22", "text": "the interaction. How do you harness it?"}, {"start": "00:36:20", "end": "00:36:25", "text": "How do you harness that model? Right?"}, {"start": "00:36:22", "end": "00:36:28", "text": "And so what is hardest is the cheapest."}, {"start": "00:36:25", "end": "00:36:31", "text": "What is easiest is the most expensive."}, {"start": "00:36:28", "end": "00:36:33", "text": ">> That's that's the way to be. That's"}, {"start": "00:36:31", "end": "00:36:35", "text": "that's well said. And I let's just let"}, {"start": "00:36:33", "end": "00:36:37", "text": "it all play out. I'm not going to go f"}, {"start": "00:36:35", "end": "00:36:40", "text": "further into this one. I just don't"}, {"start": "00:36:37", "end": "00:36:41", "text": "believe that AI is here to wipe"}, {"start": "00:36:40", "end": "00:36:43", "text": "everything out and AI is here to take"}, {"start": "00:36:41", "end": "00:36:45", "text": "everybody's job."}, {"start": "00:36:43", "end": "00:36:47", "text": ">> I think that the people that uh"}, {"start": "00:36:45", "end": "00:36:49", "text": "understand AI and use AI will flourish"}, {"start": "00:36:47", "end": "00:36:51", "text": "and the ones that don't will be the ones"}, {"start": "00:36:49", "end": "00:36:52", "text": "the wayside. I know there's gonna be"}, {"start": "00:36:51", "end": "00:36:55", "text": "some jobs are going to be taken away"}, {"start": "00:36:52", "end": "00:36:57", "text": "like let's just like a typewriter repair"}, {"start": "00:36:55", "end": "00:37:00", "text": "man no one there there's no need for"}, {"start": "00:36:57", "end": "00:37:02", "text": "that anywhere right but you could cross"}, {"start": "00:37:00", "end": "00:37:04", "text": "cross trainin that person to maybe get"}, {"start": "00:37:02", "end": "00:37:05", "text": "into it uh back in the in the big boom"}, {"start": "00:37:04", "end": "00:37:08", "text": "days of the internet and they would have"}, {"start": "00:37:05", "end": "00:37:09", "text": "been well well needed and it wouldn't"}, {"start": "00:37:08", "end": "00:37:12", "text": "have been such an issue but a lot of the"}, {"start": "00:37:09", "end": "00:37:14", "text": "bit the jobs we think are going or not"}, {"start": "00:37:12", "end": "00:37:16", "text": "as long as people just realize that we"}, {"start": "00:37:14", "end": "00:37:17", "text": "can move forward but that's it for today"}, {"start": "00:37:16", "end": "00:37:20", "text": "I just want to bring to everybody's"}, {"start": "00:37:17", "end": "00:37:23", "text": "attention but Uh well actually no"}, {"start": "00:37:20", "end": "00:37:25", "text": "there's one more point. The reason why I"}, {"start": "00:37:23", "end": "00:37:27", "text": "brought it up was because if we see this"}, {"start": "00:37:25", "end": "00:37:29", "text": "problem with anthropic and open AI and"}, {"start": "00:37:27", "end": "00:37:32", "text": "SpaceX then people would think oh well"}, {"start": "00:37:29", "end": "00:37:34", "text": "now the AI industry is going to collapse"}, {"start": "00:37:32", "end": "00:37:35", "text": "which means that the big AI run's going"}, {"start": "00:37:34", "end": "00:37:36", "text": "to collapse and then we're going to see"}, {"start": "00:37:35", "end": "00:37:38", "text": "a problem with the traditional markets"}, {"start": "00:37:36", "end": "00:37:40", "text": "which will carry over into our crypto"}, {"start": "00:37:38", "end": "00:37:44", "text": "markets. But as I was talking with Jerry"}, {"start": "00:37:40", "end": "00:37:46", "text": "offline, Jerry, what do we need for AI"}, {"start": "00:37:44", "end": "00:37:48", "text": "to make it go and actually be"}, {"start": "00:37:46", "end": "00:37:49", "text": "profitable? What is the underlying"}, {"start": "00:37:48", "end": "00:37:51", "text": "sources?"}, {"start": "00:37:49", "end": "00:37:52", "text": ">> Electricity."}, {"start": "00:37:51", "end": "00:37:56", "text": ">> Okay. Do we have to build"}, {"start": "00:37:52", "end": "00:37:59", "text": ">> electricity will always be it'll be the"}, {"start": "00:37:56", "end": "00:38:02", "text": "fundamental element for which the entire"}, {"start": "00:37:59", "end": "00:38:04", "text": "cost structure is built upon."}, {"start": "00:38:02", "end": "00:38:06", "text": ">> Because without electricity running"}, {"start": "00:38:04", "end": "00:38:10", "text": "through that processing chip, there is"}, {"start": "00:38:06", "end": "00:38:12", "text": "no AI. AI is literally software. And"}, {"start": "00:38:10", "end": "00:38:13", "text": "software doesn't operate unless it's got"}, {"start": "00:38:12", "end": "00:38:16", "text": "electricity running through a processing"}, {"start": "00:38:13", "end": "00:38:18", "text": "chip. Whether it be a CPU, GPU, LPU,"}, {"start": "00:38:16", "end": "00:38:21", "text": "NPU, doesn't matter. It's got to be"}, {"start": "00:38:18", "end": "00:38:24", "text": "processed. And it requires electricity"}, {"start": "00:38:21", "end": "00:38:26", "text": "to process. It's like having a vehicle."}, {"start": "00:38:24", "end": "00:38:30", "text": "If you have a car in your driveway and"}, {"start": "00:38:26", "end": "00:38:33", "text": "there's no gas, that car only has value"}, {"start": "00:38:30", "end": "00:38:34", "text": "as a paper weight or"}, {"start": "00:38:33", "end": "00:38:37", "text": ">> you know what I mean, a scrap of metal."}, {"start": "00:38:34", "end": "00:38:40", "text": "There is no real utility with that car"}, {"start": "00:38:37", "end": "00:38:42", "text": "until you put the fuel in it."}, {"start": "00:38:40", "end": "00:38:45", "text": ">> So look at the picks and shovels then,"}, {"start": "00:38:42", "end": "00:38:47", "text": "right? Which would be % and and if you"}, {"start": "00:38:45", "end": "00:38:49", "text": "look at the way the world is set up"}, {"start": "00:38:47", "end": "00:38:52", "text": "right now"}, {"start": "00:38:49", "end": "00:38:55", "text": "and this is everywhere this is not"}, {"start": "00:38:52", "end": "00:38:58", "text": "exclusive to the US this is everywhere"}, {"start": "00:38:55", "end": "00:39:01", "text": "there is no infrastructure anywhere on"}, {"start": "00:38:58", "end": "00:39:03", "text": "the planet that can meet the upcoming"}, {"start": "00:39:01", "end": "00:39:06", "text": "demand"}, {"start": "00:39:03", "end": "00:39:10", "text": "for electricity there's no country that"}, {"start": "00:39:06", "end": "00:39:14", "text": "has a grid sufficient"}, {"start": "00:39:10", "end": "00:39:16", "text": "to take us where we need to go Every"}, {"start": "00:39:14", "end": "00:39:19", "text": "country needs to upgrade their grid."}, {"start": "00:39:16", "end": "00:39:22", "text": "Power needs to be upgraded. And this is"}, {"start": "00:39:19", "end": "00:39:26", "text": "the great opportunity for all of us. Can"}, {"start": "00:39:22", "end": "00:39:28", "text": "you get to a place where you can"}, {"start": "00:39:26", "end": "00:39:30", "text": "actually create electricity? Can you put"}, {"start": "00:39:28", "end": "00:39:32", "text": "solar panels on your roof? Can you"}, {"start": "00:39:30", "end": "00:39:34", "text": "harness the power of the river next to"}, {"start": "00:39:32", "end": "00:39:37", "text": "your house with hydroelect electric? Can"}, {"start": "00:39:34", "end": "00:39:39", "text": "you uh do you have a geyser in your"}, {"start": "00:39:37", "end": "00:39:43", "text": "backyard that you can uh harness that"}, {"start": "00:39:39", "end": "00:39:45", "text": "geothermal energy? And if you can now"}, {"start": "00:39:43", "end": "00:39:47", "text": "all of a sudden you can create a"}, {"start": "00:39:45", "end": "00:39:50", "text": "commodity"}, {"start": "00:39:47", "end": "00:39:52", "text": "that is has ongoing value."}, {"start": "00:39:50", "end": "00:39:55", "text": ">> Yeah, I think with the average one solar"}, {"start": "00:39:52", "end": "00:39:57", "text": "and hydro that'd be a good one. Anyhow,"}, {"start": "00:39:55", "end": "00:39:58", "text": "Jerry, well said. Thank you for the"}, {"start": "00:39:57", "end": "00:40:01", "text": "insights. That was perfect. Now"}, {"start": "00:39:58", "end": "00:40:02", "text": "everybody, let's go into do a little Q&A"}, {"start": "00:40:01", "end": "00:40:05", "text": "and we'll get Jerry out of here so we"}, {"start": "00:40:02", "end": "00:40:06", "text": "can watch those games and make sure that"}, {"start": "00:40:05", "end": "00:40:08", "text": "this fantasy football is yet again."}, {"start": "00:40:06", "end": "00:40:10", "text": ">> Put my fantasy team together for today"}, {"start": "00:40:08", "end": "00:40:15", "text": "for dominance."}, {"start": "00:40:10", "end": "00:40:18", "text": "Yes, exactly. Andes, who had a nice"}, {"start": "00:40:15", "end": "00:40:21", "text": "little uh message a little bit ago. Woof"}, {"start": "00:40:18", "end": "00:40:24", "text": "woof woof. As Jerry's dog in the"}, {"start": "00:40:21", "end": "00:40:28", "text": "background going at it, USA needs more"}, {"start": "00:40:24", "end": "00:40:30", "text": "nuclear power plants"}, {"start": "00:40:28", "end": "00:40:33", "text": "period than they have in France. France"}, {"start": "00:40:30", "end": "00:40:36", "text": "is, you know, EU and America, for some"}, {"start": "00:40:33", "end": "00:40:38", "text": "reason, we got away from the uh nuclear"}, {"start": "00:40:36", "end": "00:40:41", "text": "power plants. I think we were worried"}, {"start": "00:40:38", "end": "00:40:43", "text": "about ThreeMile Island and Fuji Fujisawa"}, {"start": "00:40:41", "end": "00:40:45", "text": "for that catastrophe that happened, the"}, {"start": "00:40:43", "end": "00:40:47", "text": "lives that were lost, but there's been a"}, {"start": "00:40:45", "end": "00:40:49", "text": "lot of information that's been put out"}, {"start": "00:40:47", "end": "00:40:51", "text": "about how we now understand how we"}, {"start": "00:40:49", "end": "00:40:53", "text": "should be dealing with uh nuclear waste"}, {"start": "00:40:51", "end": "00:40:55", "text": "and we actually have it all figured out."}, {"start": "00:40:53", "end": "00:40:56", "text": "The problem is is moving forward with it"}, {"start": "00:40:55", "end": "00:40:57", "text": "because in the minds of the people, they"}, {"start": "00:40:56", "end": "00:40:58", "text": "don't want it in their backyard. They"}, {"start": "00:40:57", "end": "00:41:00", "text": "don't want to build it. They don't want"}, {"start": "00:40:58", "end": "00:41:02", "text": "to do anything with it. And it's a big"}, {"start": "00:41:00", "end": "00:41:03", "text": "problem. And I think if we would have"}, {"start": "00:41:02", "end": "00:41:05", "text": "gone that route, we would have been"}, {"start": "00:41:03", "end": "00:41:07", "text": "better. But as far as like nuclear"}, {"start": "00:41:05", "end": "00:41:10", "text": "power, I'm all for it. We're going to"}, {"start": "00:41:07", "end": "00:41:12", "text": "need a lot of it. Jerry, your thoughts?"}, {"start": "00:41:10", "end": "00:41:14", "text": ">> Yeah, I think the solar I mean, sorry. I"}, {"start": "00:41:12", "end": "00:41:17", "text": "think nuclear as an industry got a"}, {"start": "00:41:14", "end": "00:41:20", "text": "really bad wrap in that"}, {"start": "00:41:17", "end": "00:41:23", "text": "every historically every bad outcome"}, {"start": "00:41:20", "end": "00:41:25", "text": "from a nuclear perspective happened in"}, {"start": "00:41:23", "end": "00:41:27", "text": "one particular industry and that was"}, {"start": "00:41:25", "end": "00:41:30", "text": "largecale"}, {"start": "00:41:27", "end": "00:41:33", "text": "national type facilities."}, {"start": "00:41:30", "end": "00:41:36", "text": ">> Right? When you look at the US military"}, {"start": "00:41:33", "end": "00:41:38", "text": "or any country's military, look at all"}, {"start": "00:41:36", "end": "00:41:40", "text": "of the nuclear subs and aircraft"}, {"start": "00:41:38", "end": "00:41:42", "text": "carriers,"}, {"start": "00:41:40", "end": "00:41:47", "text": "never once a problem in the last 60"}, {"start": "00:41:42", "end": "00:41:49", "text": "years. Not one single problem of of the"}, {"start": "00:41:47", "end": "00:41:52", "text": "hundreds of vessels that are being"}, {"start": "00:41:49", "end": "00:41:55", "text": "powered through nuclear reaction. Not"}, {"start": "00:41:52", "end": "00:41:58", "text": "one problem."}, {"start": "00:41:55", "end": "00:42:00", "text": "Which there means we have an entire we"}, {"start": "00:41:58", "end": "00:42:04", "text": "have an entire blueprint to build"}, {"start": "00:42:00", "end": "00:42:07", "text": "smaller scale more localized safe"}, {"start": "00:42:04", "end": "00:42:08", "text": "nuclear power generation options."}, {"start": "00:42:07", "end": "00:42:11", "text": "They're faster to build."}, {"start": "00:42:08", "end": "00:42:13", "text": ">> In other words, get the energy online"}, {"start": "00:42:11", "end": "00:42:15", "text": "faster. They have a better track record"}, {"start": "00:42:13", "end": "00:42:18", "text": "of of maintenance and success, right,"}, {"start": "00:42:15", "end": "00:42:20", "text": "without problems. I think you're going"}, {"start": "00:42:18", "end": "00:42:23", "text": "to see the nuclear industry go from"}, {"start": "00:42:20", "end": "00:42:28", "text": "these monster three mile island type of"}, {"start": "00:42:23", "end": "00:42:30", "text": "things to more county regional smaller"}, {"start": "00:42:28", "end": "00:42:32", "text": "scale elements and there'll just be more"}, {"start": "00:42:30", "end": "00:42:33", "text": "of them."}, {"start": "00:42:32", "end": "00:42:34", "text": ">> You know this was me and Ben were"}, {"start": "00:42:33", "end": "00:42:35", "text": "talking about this because there was a"}, {"start": "00:42:34", "end": "00:42:38", "text": "there was a documentary on Nicholas"}, {"start": "00:42:35", "end": "00:42:40", "text": "Tesla and his whole idea was the same"}, {"start": "00:42:38", "end": "00:42:42", "text": "thing you just described. It wasn't to"}, {"start": "00:42:40", "end": "00:42:44", "text": "have one big centralized electrical uh"}, {"start": "00:42:42", "end": "00:42:46", "text": "component that was run by the state, the"}, {"start": "00:42:44", "end": "00:42:49", "text": "government, whatever else. It was small"}, {"start": "00:42:46", "end": "00:42:52", "text": "electrical posts that was in each"}, {"start": "00:42:49", "end": "00:42:54", "text": "neighborhood and it could bring out the"}, {"start": "00:42:52", "end": "00:42:56", "text": "electricity uh that was needed. And now"}, {"start": "00:42:54", "end": "00:42:58", "text": "it's the same thing. Ben talks about"}, {"start": "00:42:56", "end": "00:43:00", "text": "this these these small modular units"}, {"start": "00:42:58", "end": "00:43:01", "text": "that they have for nuclear power. It's"}, {"start": "00:43:00", "end": "00:43:02", "text": "the same thing just they have them in"}, {"start": "00:43:01", "end": "00:43:04", "text": "smaller units and it's all the way"}, {"start": "00:43:02", "end": "00:43:05", "text": "throughout the whole city. I thought"}, {"start": "00:43:04", "end": "00:43:08", "text": "well that's pretty good because actually"}, {"start": "00:43:05", "end": "00:43:10", "text": "to create the big huge ones is a big"}, {"start": "00:43:08", "end": "00:43:11", "text": "problem. The big thing that I and"}, {"start": "00:43:10", "end": "00:43:13", "text": "they'll figure it out is all about the"}, {"start": "00:43:11", "end": "00:43:15", "text": "cooling and make sure the radiation, but"}, {"start": "00:43:13", "end": "00:43:17", "text": "it sounds like they do, but that's way"}, {"start": "00:43:15", "end": "00:43:21", "text": "beyond the scope of this channel. That's"}, {"start": "00:43:17", "end": "00:43:22", "text": "for sure. Let's see. Says, uh, Wes seems"}, {"start": "00:43:21", "end": "00:43:25", "text": "like a nice guy, but when I think of"}, {"start": "00:43:22", "end": "00:43:26", "text": "him, I think of Aventis and Aster, and"}, {"start": "00:43:25", "end": "00:43:27", "text": "that was one of his his two of his big"}, {"start": "00:43:26", "end": "00:43:30", "text": "plays that he thought was going to do"}, {"start": "00:43:27", "end": "00:43:32", "text": "pretty well. Didn't work out the best as"}, {"start": "00:43:30", "end": "00:43:34", "text": "far as like for for those two projects."}, {"start": "00:43:32", "end": "00:43:36", "text": "And don't know how he's doing with that."}, {"start": "00:43:34", "end": "00:43:38", "text": "Maybe he got out. Maybe he got in. But"}, {"start": "00:43:36", "end": "00:43:40", "text": "he was the one and Ivantis Naster was"}, {"start": "00:43:38", "end": "00:43:45", "text": "kind of like the B&B and Coinbase for"}, {"start": "00:43:40", "end": "00:43:47", "text": "like uh for uh Hyperl and it was like"}, {"start": "00:43:45", "end": "00:43:48", "text": "their their big thing Ps and such like"}, {"start": "00:43:47", "end": "00:43:50", "text": "that which they thought was going to be"}, {"start": "00:43:48", "end": "00:43:52", "text": "a big thing. It didn't so far hasn't"}, {"start": "00:43:50", "end": "00:43:53", "text": "turned out. Actually, let me as I'm"}, {"start": "00:43:52", "end": "00:43:56", "text": "talking about this maybe I should take a"}, {"start": "00:43:53", "end": "00:43:56", "text": "look at the actual"}, {"start": "00:43:56", "end": "00:44:02", "text": ">> find me someone who's been right 100% of"}, {"start": "00:44:00", "end": "00:44:05", "text": "the time."}, {"start": "00:44:02", "end": "00:44:07", "text": "Very difficult to do."}, {"start": "00:44:05", "end": "00:44:08", "text": "Everybody's fallible."}, {"start": "00:44:07", "end": "00:44:10", "text": ">> Oh, you have"}, {"start": "00:44:08", "end": "00:44:13", "text": ">> Everybody will make mistakes. Everybody"}, {"start": "00:44:10", "end": "00:44:15", "text": "will make a bad call. Every one of us"}, {"start": "00:44:13", "end": "00:44:19", "text": "will put money into a project that"}, {"start": "00:44:15", "end": "00:44:19", "text": "doesn't go anywhere. Guaranteed"}, {"start": "00:44:19", "end": "00:44:26", "text": "kerrant. Let me see here. Avnt"}, {"start": "00:44:30", "end": "00:44:35", "text": "is the same one. Thought it was a Vantis"}, {"start": "00:44:31", "end": "00:44:35", "text": "from BMV."}, {"start": "00:44:36", "end": "00:44:41", "text": "down 71%."}, {"start": "00:44:39", "end": "00:44:42", "text": ">> Yeah, I would not want to be in that."}, {"start": "00:44:41", "end": "00:44:44", "text": ">> I don't think that's the right one"}, {"start": "00:44:42", "end": "00:44:48", "text": "though. But Aster, I actually got into"}, {"start": "00:44:44", "end": "00:44:50", "text": "Aster for a little bit."}, {"start": "00:44:48", "end": "00:44:52", "text": ">> Costa Rica over Puerto Rico for"}, {"start": "00:44:50", "end": "00:44:56", "text": "vacation."}, {"start": "00:44:52", "end": "00:44:58", "text": "Hands down. It's a much much calmer"}, {"start": "00:44:56", "end": "00:45:00", "text": "experience, much easier to get in and"}, {"start": "00:44:58", "end": "00:45:02", "text": "out of, and the cost structure is"}, {"start": "00:45:00", "end": "00:45:04", "text": "completely different."}, {"start": "00:45:02", "end": "00:45:07", "text": "Yeah. See, not so great. Yeah, the"}, {"start": "00:45:04", "end": "00:45:09", "text": "cross. Hey, damn it. We forgot to talk"}, {"start": "00:45:07", "end": "00:45:11", "text": "about the inflation. Jerry, what's going"}, {"start": "00:45:09", "end": "00:45:15", "text": "on over there in Costa Rica?"}, {"start": "00:45:11", "end": "00:45:15", "text": ">> Oh, dude. So,"}, {"start": "00:45:15", "end": "00:45:22", "text": "I've been on this I I've been kind of"}, {"start": "00:45:18", "end": "00:45:23", "text": "raging a little bit around the whole"}, {"start": "00:45:22", "end": "00:45:26", "text": "corporate"}, {"start": "00:45:23", "end": "00:45:28", "text": "global corporate"}, {"start": "00:45:26", "end": "00:45:31", "text": "greed around"}, {"start": "00:45:28", "end": "00:45:34", "text": "this whole"}, {"start": "00:45:31", "end": "00:45:37", "text": " with the Iran war and and the the"}, {"start": "00:45:34", "end": "00:45:39", "text": "the oil energy shortages coming out of"}, {"start": "00:45:37", "end": "00:45:41", "text": "that region of the world and how it's"}, {"start": "00:45:39", "end": "00:45:45", "text": "affecting the rest of the world. Like"}, {"start": "00:45:41", "end": "00:45:47", "text": "for instance, the US who does not import"}, {"start": "00:45:45", "end": "00:45:52", "text": "that fuel. Gas prices in the US have"}, {"start": "00:45:47", "end": "00:45:56", "text": "gone up. The in Costa Rica"}, {"start": "00:45:52", "end": "00:45:58", "text": "double. It went from It went from the"}, {"start": "00:45:56", "end": "00:46:00", "text": "equivalent of like a$110"}, {"start": "00:45:58", "end": "00:46:01", "text": "per liter."}, {"start": "00:46:00", "end": "00:46:02", "text": ">> Damn."}, {"start": "00:46:01", "end": "00:46:06", "text": ">> Of fuel"}, {"start": "00:46:02", "end": "00:46:10", "text": ">> here in Costa Rica to $225 a liter."}, {"start": "00:46:06", "end": "00:46:14", "text": "Double in in the last six months."}, {"start": "00:46:10", "end": "00:46:16", "text": "inflation for certain things is going"}, {"start": "00:46:14", "end": "00:46:18", "text": "absolutely bonkers. Now, some of it's"}, {"start": "00:46:16", "end": "00:46:21", "text": "supply demand related. Uh I was telling"}, {"start": "00:46:18", "end": "00:46:23", "text": "you a story compute portal is into"}, {"start": "00:46:21", "end": "00:46:25", "text": "compute, right? So, we're looking at"}, {"start": "00:46:23", "end": "00:46:26", "text": "ways and means that we can help provide"}, {"start": "00:46:25", "end": "00:46:30", "text": "compute to people. And one of those is"}, {"start": "00:46:26", "end": "00:46:32", "text": "through owning our own machines. And so,"}, {"start": "00:46:30", "end": "00:46:36", "text": "one of these really cool little AI"}, {"start": "00:46:32", "end": "00:46:40", "text": "devices is called uh Nvidia Nvidia"}, {"start": "00:46:36", "end": "00:46:43", "text": "GX Spark. It's got a GB10"}, {"start": "00:46:40", "end": "00:46:45", "text": "Grace Blackwell chip. Great for running"}, {"start": "00:46:43", "end": "00:46:48", "text": "all kinds of different AI models. I've"}, {"start": "00:46:45", "end": "00:46:51", "text": "got a um uh I've got a small open source"}, {"start": "00:46:48", "end": "00:46:53", "text": "model running on it right now. 120"}, {"start": "00:46:51", "end": "00:46:57", "text": "billion parameter model running. That"}, {"start": "00:46:53", "end": "00:46:59", "text": "machine in January cost me $3,200."}, {"start": "00:46:57", "end": "00:47:02", "text": "Okay."}, {"start": "00:46:59", "end": "00:47:04", "text": "I am looking that maybe we should expand"}, {"start": "00:47:02", "end": "00:47:07", "text": "a cluster of these, right? deploy a"}, {"start": "00:47:04", "end": "00:47:09", "text": "cluster for on for helping people"}, {"start": "00:47:07", "end": "00:47:12", "text": "onboard instantaneously and then moving"}, {"start": "00:47:09", "end": "00:47:15", "text": "them to their permanent provider later."}, {"start": "00:47:12", "end": "00:47:18", "text": "That very same machine that in January I"}, {"start": "00:47:15", "end": "00:47:21", "text": "bought for $3,200"}, {"start": "00:47:18", "end": "00:47:21", "text": "$7900"}, {"start": "00:47:22", "end": "00:47:29", "text": "eight months nine months later. 9 months"}, {"start": "00:47:25", "end": "00:47:34", "text": "later and that's just the devices in the"}, {"start": "00:47:29", "end": "00:47:37", "text": "cloud world. Cloud compute is going up"}, {"start": "00:47:34", "end": "00:47:39", "text": "at a at an almost exponential rate and"}, {"start": "00:47:37", "end": "00:47:41", "text": "it's because electricity and building"}, {"start": "00:47:39", "end": "00:47:46", "text": "these data centers, right? The supply"}, {"start": "00:47:41", "end": "00:47:49", "text": "demand ratio is is skewing more and more"}, {"start": "00:47:46", "end": "00:47:52", "text": "demand is needing needed and the supply"}, {"start": "00:47:49", "end": "00:47:54", "text": "is not expanding to meet it. It's really"}, {"start": "00:47:52", "end": "00:47:55", "text": "getting crazy in this world and it's all"}, {"start": "00:47:54", "end": "00:47:58", "text": "caused by all these new companies"}, {"start": "00:47:55", "end": "00:48:00", "text": "creating well all these new companies"}, {"start": "00:47:58", "end": "00:48:04", "text": "needing and using these AI tools that"}, {"start": "00:48:00", "end": "00:48:06", "text": "require electricity and chips."}, {"start": "00:48:04", "end": "00:48:08", "text": ">> Yeah, we've got that issue. We've got"}, {"start": "00:48:06", "end": "00:48:10", "text": "the Iran issue. We've got two different"}, {"start": "00:48:08", "end": "00:48:14", "text": "two different sources or two different"}, {"start": "00:48:10", "end": "00:48:16", "text": "outputs of Hormuz and the AI the other"}, {"start": "00:48:14", "end": "00:48:20", "text": "the other side which is being taken over"}, {"start": "00:48:16", "end": "00:48:22", "text": "by the Houthis. And then there was a big"}, {"start": "00:48:20", "end": "00:48:26", "text": "drone attack uh just this weekend to"}, {"start": "00:48:22", "end": "00:48:28", "text": "Russia and that was millions of uh of"}, {"start": "00:48:26", "end": "00:48:30", "text": "barrels of oil being produced and that's"}, {"start": "00:48:28", "end": "00:48:33", "text": "getting shut down. So we got a lot of we"}, {"start": "00:48:30", "end": "00:48:35", "text": "got a big choke point and bottlenecks"}, {"start": "00:48:33", "end": "00:48:37", "text": "for electricity and that's going to be"}, {"start": "00:48:35", "end": "00:48:39", "text": "an issue and unfortunately diesel that's"}, {"start": "00:48:37", "end": "00:48:42", "text": "that all goods and services well mostly"}, {"start": "00:48:39", "end": "00:48:44", "text": "goods are run across all the nations to"}, {"start": "00:48:42", "end": "00:48:47", "text": "deliver. So expect some more inflation."}, {"start": "00:48:44", "end": "00:48:49", "text": "This is why of course we own assets to"}, {"start": "00:48:47", "end": "00:48:51", "text": "con to deal with the inflation level."}, {"start": "00:48:49", "end": "00:48:53", "text": ">> We talk a lot about financial"}, {"start": "00:48:51", "end": "00:48:56", "text": "sovereignty, right? Having having"}, {"start": "00:48:53", "end": "00:48:57", "text": "ownership and control over our value."}, {"start": "00:48:56", "end": "00:49:01", "text": ">> Right. Right."}, {"start": "00:48:57", "end": "00:49:03", "text": ">> Um there's been much talked about your"}, {"start": "00:49:01", "end": "00:49:05", "text": "own data sovereignty. Own your"}, {"start": "00:49:03", "end": "00:49:05", "text": "intelligence. Own your information."}, {"start": "00:49:05", "end": "00:49:08", "text": "Right."}, {"start": "00:49:05", "end": "00:49:10", "text": ">> Right. Well, I don't think enough is"}, {"start": "00:49:08", "end": "00:49:14", "text": "said about energy sovereignty, whether"}, {"start": "00:49:10", "end": "00:49:16", "text": "it be from a municipality or you us"}, {"start": "00:49:14", "end": "00:49:21", "text": "myself. Like for instance, do I have the"}, {"start": "00:49:16", "end": "00:49:23", "text": "ability to power what I need powered if"}, {"start": "00:49:21", "end": "00:49:26", "text": "the outside world said, \"Jerry, you"}, {"start": "00:49:23", "end": "00:49:28", "text": "don't shouldn't have this"}, {"start": "00:49:26", "end": "00:49:30", "text": "or or for some reason we're going to cut"}, {"start": "00:49:28", "end": "00:49:31", "text": "you off or for some other reason it's"}, {"start": "00:49:30", "end": "00:49:32", "text": "shut down.\" Right."}, {"start": "00:49:31", "end": "00:49:36", "text": ">> Yeah."}, {"start": "00:49:32", "end": "00:49:39", "text": "Um, I think that will become more of a"}, {"start": "00:49:36", "end": "00:49:42", "text": "talking point and an investable"}, {"start": "00:49:39", "end": "00:49:44", "text": "category to be thinking about as we get"}, {"start": "00:49:42", "end": "00:49:47", "text": "further down the road here. I think"}, {"start": "00:49:44", "end": "00:49:49", "text": "that'll become more of a topic."}, {"start": "00:49:47", "end": "00:49:52", "text": ">> I think so too. energy sovereignty"}, {"start": "00:49:49", "end": "00:49:55", "text": "whether it be for the individual or the"}, {"start": "00:49:52", "end": "00:49:57", "text": "municipality or the nation state"}, {"start": "00:49:55", "end": "00:49:58", "text": ">> energy and also"}, {"start": "00:49:57", "end": "00:50:00", "text": ">> energy"}, {"start": "00:49:58", "end": "00:50:02", "text": ">> open LLMs using"}, {"start": "00:50:00", "end": "00:50:03", "text": ">> open source baby"}, {"start": "00:50:02", "end": "00:50:06", "text": ">> yeah and"}, {"start": "00:50:03", "end": "00:50:08", "text": ">> open source gives you the ability to own"}, {"start": "00:50:06", "end": "00:50:11", "text": "again back to that word sovereignty to"}, {"start": "00:50:08", "end": "00:50:14", "text": "own your data own your deal and as we"}, {"start": "00:50:11", "end": "00:50:17", "text": "get closer and closer to a model that"}, {"start": "00:50:14", "end": "00:50:19", "text": "can recursively self-improve itself"}, {"start": "00:50:17", "end": "00:50:22", "text": "self,"}, {"start": "00:50:19", "end": "00:50:24", "text": "right? Recursive self-improvement, RSI,"}, {"start": "00:50:22", "end": "00:50:26", "text": "a new acronym that we should all learn."}, {"start": "00:50:24", "end": "00:50:28", "text": "Um, this it's going to get really"}, {"start": "00:50:26", "end": "00:50:31", "text": "interesting."}, {"start": "00:50:28", "end": "00:50:33", "text": ">> It's going to get Yeah, for sure. This"}, {"start": "00:50:31", "end": "00:50:35", "text": "is a good good quote from Ral Rouseer."}, {"start": "00:50:33", "end": "00:50:37", "text": "Read the fine print on keeping crypto on"}, {"start": "00:50:35", "end": "00:50:39", "text": "exchanges. Coinbase and Kraken say they"}, {"start": "00:50:37", "end": "00:50:41", "text": "owe you nothing if your account gets"}, {"start": "00:50:39", "end": "00:50:43", "text": "hacked. You have to pay for protection"}, {"start": "00:50:41", "end": "00:50:45", "text": "and they only get back the level you pay"}, {"start": "00:50:43", "end": "00:50:46", "text": "up for. And I think when people take a"}, {"start": "00:50:45", "end": "00:50:49", "text": "look, they say, \"Oh, well, it's"}, {"start": "00:50:46", "end": "00:50:51", "text": "insured.\" And there is FDIC insurance, I"}, {"start": "00:50:49", "end": "00:50:53", "text": "believe, through Coinbase and Kraken,"}, {"start": "00:50:51", "end": "00:50:54", "text": "but that's only for the dollars that"}, {"start": "00:50:53", "end": "00:50:56", "text": "you're putting there. That has nothing"}, {"start": "00:50:54", "end": "00:50:57", "text": "to do with stable coins or any of the"}, {"start": "00:50:56", "end": "00:51:00", "text": "crypto that you have. So, if they get"}, {"start": "00:50:57", "end": "00:51:02", "text": "hacked and that goes away, it's on you"}, {"start": "00:51:00", "end": "00:51:03", "text": "and you're the one responsible. And this"}, {"start": "00:51:02", "end": "00:51:04", "text": "was one of the things that we talked"}, {"start": "00:51:03", "end": "00:51:06", "text": "about a couple days ago, Jerry, where we"}, {"start": "00:51:04", "end": "00:51:07", "text": "talked about, you know, the Clarity Act"}, {"start": "00:51:06", "end": "00:51:09", "text": "not really making it, but really we"}, {"start": "00:51:07", "end": "00:51:11", "text": "didn't really need it. And I said, and"}, {"start": "00:51:09", "end": "00:51:13", "text": "there was a there's a senator from"}, {"start": "00:51:11", "end": "00:51:15", "text": "Missouri, Josh Howley, and he came out"}, {"start": "00:51:13", "end": "00:51:16", "text": "and said the reason why he's Republican."}, {"start": "00:51:15", "end": "00:51:18", "text": "The reason why he didn't vote for it to"}, {"start": "00:51:16", "end": "00:51:19", "text": "advance was because he was worried"}, {"start": "00:51:18", "end": "00:51:22", "text": "about, and this is was what his"}, {"start": "00:51:19", "end": "00:51:24", "text": "constituents told him, which was, hey,"}, {"start": "00:51:22", "end": "00:51:25", "text": "uh, we're farmers and we need these"}, {"start": "00:51:24", "end": "00:51:26", "text": "local banks, and if we don't have the"}, {"start": "00:51:25", "end": "00:51:27", "text": "local banks, they're going to take"}, {"start": "00:51:26", "end": "00:51:29", "text": "everything out. We can't get loans. So,"}, {"start": "00:51:27", "end": "00:51:31", "text": "he's like, that's why I went against"}, {"start": "00:51:29", "end": "00:51:32", "text": "them. And I was thinking to myself, you"}, {"start": "00:51:31", "end": "00:51:34", "text": "know, banks are going to go to the"}, {"start": "00:51:32", "end": "00:51:36", "text": "wayside at some point. And all you"}, {"start": "00:51:34", "end": "00:51:38", "text": "really need is two things. We need some"}, {"start": "00:51:36", "end": "00:51:42", "text": "type of what would be considered like an"}, {"start": "00:51:38", "end": "00:51:43", "text": "FDIC insurance for your stables at least"}, {"start": "00:51:42", "end": "00:51:45", "text": "and maybe your crypto. And the second"}, {"start": "00:51:43", "end": "00:51:47", "text": "thing would be loans. And we talked"}, {"start": "00:51:45", "end": "00:51:49", "text": "about this before. Loans where you don't"}, {"start": "00:51:47", "end": "00:51:52", "text": "say, \"Okay,"}, {"start": "00:51:49", "end": "00:51:53", "text": "Bitcoin's worth 100,000 today and if it"}, {"start": "00:51:52", "end": "00:51:56", "text": "fluctuates, we'll give you a margin"}, {"start": "00:51:53", "end": "00:51:57", "text": "call.\" Not loans like that. Loans where"}, {"start": "00:51:56", "end": "00:51:59", "text": "it's like Bitcoin's worth 100,000 today."}, {"start": "00:51:57", "end": "00:52:01", "text": "We're going to lock that in and you're"}, {"start": "00:51:59", "end": "00:52:02", "text": "going to get this percentage. Coinbase"}, {"start": "00:52:01", "end": "00:52:04", "text": "is doing it, but they're only doing it"}, {"start": "00:52:02", "end": "00:52:06", "text": "with down payments and the rent the"}, {"start": "00:52:04", "end": "00:52:09", "text": "rates between 9 and 11%. So, have fun"}, {"start": "00:52:06", "end": "00:52:11", "text": "with that. Once those two things get in,"}, {"start": "00:52:09", "end": "00:52:13", "text": "I think we have a much more of a of a"}, {"start": "00:52:11", "end": "00:52:15", "text": "stay and that will be real utility."}, {"start": "00:52:13", "end": "00:52:18", "text": "Jerry, what do you think? Th"}, {"start": "00:52:15", "end": "00:52:21", "text": ">> that topic will happen as this industry"}, {"start": "00:52:18", "end": "00:52:23", "text": "matures. I really like that Senator Josh"}, {"start": "00:52:21", "end": "00:52:25", "text": "that you talked about. Unfortunately,"}, {"start": "00:52:23", "end": "00:52:27", "text": "very misguided in this particular"}, {"start": "00:52:25", "end": "00:52:29", "text": "instance because"}, {"start": "00:52:27", "end": "00:52:32", "text": ">> he's not perfect. banks that he is"}, {"start": "00:52:29", "end": "00:52:36", "text": "saying are giving loans to his"}, {"start": "00:52:32", "end": "00:52:39", "text": "constituents, the farmers"}, {"start": "00:52:36", "end": "00:52:42", "text": "are are are gouging them no differently"}, {"start": "00:52:39", "end": "00:52:47", "text": "than the national uh oil companies are"}, {"start": "00:52:42", "end": "00:52:50", "text": "gouging the US uh fuel consumers. Um a"}, {"start": "00:52:47", "end": "00:52:54", "text": "company like Kraken is much more likely"}, {"start": "00:52:50", "end": "00:52:58", "text": "to give a good deal. For instance, a"}, {"start": "00:52:54", "end": "00:53:00", "text": "farmer who has a surplus of cash can put"}, {"start": "00:52:58", "end": "00:53:03", "text": "it in Kraken in the form of a stable"}, {"start": "00:53:00", "end": "00:53:06", "text": "coin and earn 4%. He cannot do that when"}, {"start": "00:53:03", "end": "00:53:07", "text": "he goes to the the regional bank of"}, {"start": "00:53:06", "end": "00:53:08", "text": "Missouri."}, {"start": "00:53:07", "end": "00:53:11", "text": ">> Yeah."}, {"start": "00:53:08", "end": "00:53:13", "text": ">> He'll get 0.05%."}, {"start": "00:53:11", "end": "00:53:16", "text": "So if he really wanted to take care of"}, {"start": "00:53:13", "end": "00:53:19", "text": "his constituents,"}, {"start": "00:53:16", "end": "00:53:21", "text": "it would be to give the constituents"}, {"start": "00:53:19", "end": "00:53:26", "text": "what they need to get what to do what"}, {"start": "00:53:21", "end": "00:53:28", "text": "they want to do. It was a clear biased"}, {"start": "00:53:26", "end": "00:53:29", "text": "for the banking industry and I'm really"}, {"start": "00:53:28", "end": "00:53:34", "text": "disappointed in him because I love the"}, {"start": "00:53:29", "end": "00:53:35", "text": "way he goes after other scammers and and"}, {"start": "00:53:34", "end": "00:53:37", "text": "corporate and blah blah blah"}, {"start": "00:53:35", "end": "00:53:40", "text": "blah blah. I think in that particular"}, {"start": "00:53:37", "end": "00:53:42", "text": "case he got duped. But anyway, that's my"}, {"start": "00:53:40", "end": "00:53:43", "text": "my little rant on that."}, {"start": "00:53:42", "end": "00:53:45", "text": ">> That's a great way to leave it right"}, {"start": "00:53:43", "end": "00:53:47", "text": "there. Perfect. Jared, leave it right"}, {"start": "00:53:45", "end": "00:53:48", "text": "there. It's kickoff time in like seven"}, {"start": "00:53:47", "end": "00:53:49", "text": "minutes. We got to get out of here. All"}, {"start": "00:53:48", "end": "00:53:51", "text": "right, everybody. Thanks so much for"}, {"start": "00:53:49", "end": "00:53:53", "text": "stopping by on a Sunday. We'll see Jerry"}, {"start": "00:53:51", "end": "00:53:55", "text": "next week and we'll go from there. But"}, {"start": "00:53:53", "end": "00:53:57", "text": "everybody, thanks so much. We appreciate"}, {"start": "00:53:55", "end": "00:54:00", "text": "you. Like and subscribe. See you in the"}, {"start": "00:53:57", "end": "00:54:00", "text": "next one. Adios."}]

[{"start": "00:00:00", "end": "00:00:02", "text": "write some some rules and they'll be in"}, {"start": "00:00:01", "end": "00:00:04", "text": "place for a couple years and then"}, {"start": "00:00:02", "end": "00:00:08", "text": "they'll get dismantled and just do the"}, {"start": "00:00:04", "end": "00:00:11", "text": "whole thing again. Not a big deal."}, {"start": "00:00:08", "end": "00:00:13", "text": "I just didn't see it passing."}, {"start": "00:00:11", "end": "00:00:15", "text": "A lot of hatred out there. A lot of"}, {"start": "00:00:13", "end": "00:00:17", "text": "hatred."}, {"start": "00:00:15", "end": "00:00:21", "text": "So, what else are you buying? It's a"}, {"start": "00:00:17", "end": "00:00:24", "text": "great question. So, I have buying"}, {"start": "00:00:21", "end": "00:00:26", "text": "Sulena. Can't lie about that. I do like"}, {"start": "00:00:24", "end": "00:00:30", "text": "Canton. I've been buying Canton"}, {"start": "00:00:26", "end": "00:00:34", "text": "intermittently. I buy Tron. I do not buy"}, {"start": "00:00:30", "end": "00:00:36", "text": "Ethereum. I just Yeah, the price action"}, {"start": "00:00:34", "end": "00:00:38", "text": "is horrible. And I know people say it's"}, {"start": "00:00:36", "end": "00:00:40", "text": "the future and you know the investment"}, {"start": "00:00:38", "end": "00:00:42", "text": "is really going big, but just take a"}, {"start": "00:00:40", "end": "00:00:44", "text": "look at the price action over the last"}, {"start": "00:00:42", "end": "00:00:46", "text": "three or four years and I'm not going to"}, {"start": "00:00:44", "end": "00:00:48", "text": "buy any more Ethereum anymore and a"}, {"start": "00:00:46", "end": "00:00:51", "text": "little bit of BNB. And I'm thinking"}, {"start": "00:00:48", "end": "00:00:52", "text": "about buying a little XRP now because I"}, {"start": "00:00:51", "end": "00:00:55", "text": "mean"}, {"start": "00:00:52", "end": "00:00:57", "text": "maybe I could do some"}, {"start": "00:00:55", "end": "00:00:59", "text": "I don't know. We'll see how it goes. I"}, {"start": "00:00:57", "end": "00:01:03", "text": "got a there's only so many tokens and"}, {"start": "00:00:59", "end": "00:01:06", "text": "cryptos that you can buy. Then also I"}, {"start": "00:01:03", "end": "00:01:08", "text": "buy traditional stocks and also real"}, {"start": "00:01:06", "end": "00:01:09", "text": "estate. And when you do all these"}, {"start": "00:01:08", "end": "00:01:11", "text": "things, there's only so much that you"}, {"start": "00:01:09", "end": "00:01:12", "text": "can put in. You may want to buy some"}, {"start": "00:01:11", "end": "00:01:14", "text": "more, which I know you all are doing the"}, {"start": "00:01:12", "end": "00:01:16", "text": "same thing. You're like, I really would"}, {"start": "00:01:14", "end": "00:01:18", "text": "like to buy this, but there's only so"}, {"start": "00:01:16", "end": "00:01:19", "text": "much powder that I have. That's pretty"}, {"start": "00:01:18", "end": "00:01:21", "text": "much where we're at. So that's what I'm"}, {"start": "00:01:19", "end": "00:01:21", "text": "buying."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "Well everybody, we got a lot of stuff to"}, {"start": "00:00:01", "end": "00:00:04", "text": "go over. Let's just jump right into it."}, {"start": "00:00:03", "end": "00:00:07", "text": "So, first of all, this is kind of"}, {"start": "00:00:04", "end": "00:00:10", "text": "interesting to me because it seems like"}, {"start": "00:00:07", "end": "00:00:13", "text": "there is this bull run that wants to"}, {"start": "00:00:10", "end": "00:00:15", "text": "really get out there and start running."}, {"start": "00:00:13", "end": "00:00:17", "text": "And when the bull run happens, you have"}, {"start": "00:00:15", "end": "00:00:19", "text": "to be aware of what's going on in your"}, {"start": "00:00:17", "end": "00:00:20", "text": "surroundings and the people that are"}, {"start": "00:00:19", "end": "00:00:22", "text": "partaking into it. And we've been"}, {"start": "00:00:20", "end": "00:00:24", "text": "talking about a little bit of altcoins"}, {"start": "00:00:22", "end": "00:00:27", "text": "recently. Now, of course, Bitcoin being"}, {"start": "00:00:24", "end": "00:00:29", "text": "the uh the heavier of the ones that we"}, {"start": "00:00:27", "end": "00:00:31", "text": "are into here. But I got to tell you,"}, {"start": "00:00:29", "end": "00:00:33", "text": "when you take a look at some of these"}, {"start": "00:00:31", "end": "00:00:35", "text": "alts that are being talked about, you"}, {"start": "00:00:33", "end": "00:00:37", "text": "start to think to yourself, okay, maybe"}, {"start": "00:00:35", "end": "00:00:39", "text": "there may be something here as far as"}, {"start": "00:00:37", "end": "00:00:41", "text": "like the next big run. Now, we can't say"}, {"start": "00:00:39", "end": "00:00:43", "text": "for sure, but I tell you right now, when"}, {"start": "00:00:41", "end": "00:00:44", "text": "you got people like Kevin Olri talking"}, {"start": "00:00:43", "end": "00:00:46", "text": "about avalanche and being there, you"}, {"start": "00:00:44", "end": "00:00:48", "text": "might want to take a look and say maybe"}, {"start": "00:00:46", "end": "00:00:50", "text": "there is some gains to be had. However,"}, {"start": "00:00:48", "end": "00:00:54", "text": "I will just say this. As I've said many"}, {"start": "00:00:50", "end": "00:00:57", "text": "times before, altcoins, crypto, digital"}, {"start": "00:00:54", "end": "00:01:00", "text": "assets, it is all about speculation."}, {"start": "00:00:57", "end": "00:01:02", "text": "Roughly three parts speculation and a"}, {"start": "00:01:00", "end": "00:01:05", "text": "dash of utility. That's really all you"}, {"start": "00:01:02", "end": "00:01:06", "text": "need. If you don't uh think that's true,"}, {"start": "00:01:05", "end": "00:01:08", "text": "just take a look at Helium. What"}, {"start": "00:01:06", "end": "00:01:11", "text": "happened a couple weeks ago, little town"}, {"start": "00:01:08", "end": "00:01:13", "text": "outside of Dallas, Fort Worth, 40 miles"}, {"start": "00:01:11", "end": "00:01:15", "text": "per roughly, and they switch over"}, {"start": "00:01:13", "end": "00:01:18", "text": "everything for their Wi-Fi towers and"}, {"start": "00:01:15", "end": "00:01:20", "text": "their 5G, and they're going to go all in"}, {"start": "00:01:18", "end": "00:01:23", "text": "on Helium. Because of that, it rose up"}, {"start": "00:01:20", "end": "00:01:25", "text": "120% in roughly 24 hours. Why is that?"}, {"start": "00:01:23", "end": "00:01:27", "text": "Was it because earnings per share? Was"}, {"start": "00:01:25", "end": "00:01:29", "text": "because of there's new technology? No."}, {"start": "00:01:27", "end": "00:01:31", "text": "It's because of speculation, people"}, {"start": "00:01:29", "end": "00:01:33", "text": "talking about how great it is. And as a"}, {"start": "00:01:31", "end": "00:01:35", "text": "reminder, that city was only 46,000"}, {"start": "00:01:33", "end": "00:01:37", "text": "people. So, it's not like there's a"}, {"start": "00:01:35", "end": "00:01:39", "text": "billion-dollar profit to be made there,"}, {"start": "00:01:37", "end": "00:01:42", "text": "but I get ahead of myself. Listen to"}, {"start": "00:01:39", "end": "00:01:46", "text": "Kevin Olirri as he's talking about what"}, {"start": "00:01:42", "end": "00:01:48", "text": "things will run. And of course, as you"}, {"start": "00:01:46", "end": "00:01:50", "text": "can tell, he's kind of a big bull on"}, {"start": "00:01:48", "end": "00:01:53", "text": "Avalanche. And if you own Avalanche,"}, {"start": "00:01:50", "end": "00:01:55", "text": "congratulations. So, this is what he"}, {"start": "00:01:53", "end": "00:01:57", "text": "said real quick. Take a listen."}, {"start": "00:01:55", "end": "00:02:01", "text": ">> Here's the big opportunity, and this one"}, {"start": "00:01:57", "end": "00:02:04", "text": "no one's cracked yet."}, {"start": "00:02:01", "end": "00:02:06", "text": "Every time I talk to these foundations,"}, {"start": "00:02:04", "end": "00:02:08", "text": "I get the same ours is the best because"}, {"start": "00:02:06", "end": "00:02:11", "text": "I, you know, yada yada yada yada and I"}, {"start": "00:02:08", "end": "00:02:14", "text": "say, \"What use cases you have?\""}, {"start": "00:02:11", "end": "00:02:17", "text": "When you have an S&P 500 company with"}, {"start": "00:02:14", "end": "00:02:20", "text": "with a multi-billion dollar market cap"}, {"start": "00:02:17", "end": "00:02:24", "text": "using your blockchain,"}, {"start": "00:02:20", "end": "00:02:25", "text": "now you're a player."}, {"start": "00:02:24", "end": "00:02:27", "text": "Now you're a player. That sounds"}, {"start": "00:02:25", "end": "00:02:30", "text": "exciting, doesn't it? Oh, I should get"}, {"start": "00:02:27", "end": "00:02:32", "text": "into avalanche right now. Just hold on."}, {"start": "00:02:30", "end": "00:02:34", "text": "just hold your horses. I don't know how"}, {"start": "00:02:32", "end": "00:02:37", "text": "long that Kevin's been talking about"}, {"start": "00:02:34", "end": "00:02:40", "text": "Avalanche, but uh there is a payforplay"}, {"start": "00:02:37", "end": "00:02:42", "text": "type of thing and know if Kevin would"}, {"start": "00:02:40", "end": "00:02:43", "text": "disclose that. I'm not insinuating"}, {"start": "00:02:42", "end": "00:02:45", "text": "anything. I just think it's just"}, {"start": "00:02:43", "end": "00:02:46", "text": "interesting timing as things have gone"}, {"start": "00:02:45", "end": "00:02:48", "text": "through and yes, he is correct."}, {"start": "00:02:46", "end": "00:02:49", "text": "Avalanche is being used for that. Now,"}, {"start": "00:02:48", "end": "00:02:51", "text": "we have a lot of other different"}, {"start": "00:02:49", "end": "00:02:53", "text": "altcoins that are out there. The"}, {"start": "00:02:51", "end": "00:02:54", "text": "question you have to ask yourself is"}, {"start": "00:02:53", "end": "00:02:56", "text": "which one's going to be the big winner"}, {"start": "00:02:54", "end": "00:02:58", "text": "for that? That's going to take a lot of"}, {"start": "00:02:56", "end": "00:03:00", "text": "time and a lot of education and a lot of"}, {"start": "00:02:58", "end": "00:03:03", "text": "just shifting through or sifting through"}, {"start": "00:03:00", "end": "00:03:05", "text": "the information that we have right now."}, {"start": "00:03:03", "end": "00:03:08", "text": "And I will say though, again,"}, {"start": "00:03:05", "end": "00:03:11", "text": "speculation, three-part speculation, and"}, {"start": "00:03:08", "end": "00:03:13", "text": "a dash of utility. Avalanche has that."}, {"start": "00:03:11", "end": "00:03:15", "text": "And because of this, how's Avalanche"}, {"start": "00:03:13", "end": "00:03:17", "text": "doing? Well, today, Bitcoin is up 2%,"}, {"start": "00:03:15", "end": "00:03:20", "text": "roughly 81,000. It's pretty nice."}, {"start": "00:03:17", "end": "00:03:22", "text": "Ethereum's up three. XRP up almost six"}, {"start": "00:03:20", "end": "00:03:24", "text": "and so on and so forth. Looking pretty"}, {"start": "00:03:22", "end": "00:03:28", "text": "good across the way. nice nice uh green"}, {"start": "00:03:24", "end": "00:03:30", "text": "day and Cardanzo even up 5% even though"}, {"start": "00:03:28", "end": "00:03:32", "text": "uh there was a little bit of a a hack on"}, {"start": "00:03:30", "end": "00:03:35", "text": "their YouTube channel. We'll go over"}, {"start": "00:03:32", "end": "00:03:37", "text": "that in a second. And we come down here"}, {"start": "00:03:35", "end": "00:03:40", "text": "and where is Avalanche? Oh, here it is"}, {"start": "00:03:37", "end": "00:03:42", "text": "right here. In the last 24 hours as far"}, {"start": "00:03:40", "end": "00:03:45", "text": "as the top 50 is outdone everything. A"}, {"start": "00:03:42", "end": "00:03:48", "text": "nice pump of 17% in the last seven days."}, {"start": "00:03:45", "end": "00:03:49", "text": "And why is that? Well, maybe because of"}, {"start": "00:03:48", "end": "00:03:52", "text": "what we just saw. Now, were there"}, {"start": "00:03:49", "end": "00:03:54", "text": "anything fundamentally change? Did"}, {"start": "00:03:52", "end": "00:03:58", "text": "something happen? Was was avalanche"}, {"start": "00:03:54", "end": "00:04:00", "text": "adopted by another uh fund or was it put"}, {"start": "00:03:58", "end": "00:04:02", "text": "as the world reserve currency? Obviously"}, {"start": "00:04:00", "end": "00:04:04", "text": "not. These are the things we have to"}, {"start": "00:04:02", "end": "00:04:07", "text": "look at and these are the things that"}, {"start": "00:04:04", "end": "00:04:08", "text": "drive the price. So don't be fooled."}, {"start": "00:04:07", "end": "00:04:10", "text": "These are the things that are happening"}, {"start": "00:04:08", "end": "00:04:12", "text": "and just have to keep looking forward."}, {"start": "00:04:10", "end": "00:04:14", "text": "Now for me personally,"}, {"start": "00:04:12", "end": "00:04:16", "text": "it could be great. It could be awesome."}, {"start": "00:04:14", "end": "00:04:18", "text": "We could be into this this next bull"}, {"start": "00:04:16", "end": "00:04:20", "text": "run. I personally just using uh into the"}, {"start": "00:04:18", "end": "00:04:22", "text": "cryptoverse and the the different key"}, {"start": "00:04:20", "end": "00:04:25", "text": "risk levels and we're taking a look"}, {"start": "00:04:22", "end": "00:04:27", "text": "right now as today 0.47. So I will still"}, {"start": "00:04:25", "end": "00:04:30", "text": "be buying Bitcoin as I've been doing the"}, {"start": "00:04:27", "end": "00:04:32", "text": "last six months every single Monday."}, {"start": "00:04:30", "end": "00:04:35", "text": "Unfortunately, the Bitcoin price has not"}, {"start": "00:04:32", "end": "00:04:37", "text": "gone as low as I would have wanted, but"}, {"start": "00:04:35", "end": "00:04:38", "text": "that's okay. Now I do what's called"}, {"start": "00:04:37", "end": "00:04:41", "text": "dynamically DCAing. When it goes in the"}, {"start": "00:04:38", "end": "00:04:44", "text": "0.39 levels, I actually double,"}, {"start": "00:04:41", "end": "00:04:49", "text": "quadruple, 8x up as we go down the list."}, {"start": "00:04:44", "end": "00:04:50", "text": "0.4 4 or 0.39 and 0.29 and 0.19 and so"}, {"start": "00:04:49", "end": "00:04:53", "text": "on and so forth. Right now we're at a"}, {"start": "00:04:50", "end": "00:04:56", "text": "pretty high level of 0.47."}, {"start": "00:04:53", "end": "00:04:57", "text": "Also good news is that if we just go"}, {"start": "00:04:56", "end": "00:05:02", "text": "four years back, we talked about this"}, {"start": "00:04:57", "end": "00:05:05", "text": "yesterday, you know, we are half"}, {"start": "00:05:02", "end": "00:05:08", "text": "from what our all-time high was as"}, {"start": "00:05:05", "end": "00:05:10", "text": "opposed to 2022."}, {"start": "00:05:08", "end": "00:05:11", "text": "If you go to danterscrypto.com, there's"}, {"start": "00:05:10", "end": "00:05:13", "text": "the links in the description. Free. It's"}, {"start": "00:05:11", "end": "00:05:17", "text": "always free. We can just see that four"}, {"start": "00:05:13", "end": "00:05:22", "text": "years prior on September 19th, 2022, we"}, {"start": "00:05:17", "end": "00:05:25", "text": "were 71% down from our 2021 high of"}, {"start": "00:05:22", "end": "00:05:29", "text": "67,000. Wow. Is it amazing? Who wouldn't"}, {"start": "00:05:25", "end": "00:05:31", "text": "like to buy Bitcoin at 67,000 today?"}, {"start": "00:05:29", "end": "00:05:33", "text": "Well, that would be pretty much a lot of"}, {"start": "00:05:31", "end": "00:05:35", "text": "people. And I think as time goes on,"}, {"start": "00:05:33", "end": "00:05:37", "text": "you're going to hear the same thing over"}, {"start": "00:05:35", "end": "00:05:40", "text": "and over again. When I got in 2017 and"}, {"start": "00:05:37", "end": "00:05:42", "text": "it was roughly $8,500,"}, {"start": "00:05:40", "end": "00:05:44", "text": "uh people were were telling me that's"}, {"start": "00:05:42", "end": "00:05:47", "text": "just too high. It was a,000 bucks just,"}, {"start": "00:05:44", "end": "00:05:50", "text": "you know, six, nine months ago. There's"}, {"start": "00:05:47", "end": "00:05:52", "text": "no way you should be buying a asset like"}, {"start": "00:05:50", "end": "00:05:56", "text": "that. They didn't even call it asset at"}, {"start": "00:05:52", "end": "00:05:59", "text": "8,500 bucks. Here we are today. And then"}, {"start": "00:05:56", "end": "00:06:02", "text": "of course, right now, we are 35% down."}, {"start": "00:05:59", "end": "00:06:04", "text": "So we are half of what we should be"}, {"start": "00:06:02", "end": "00:06:05", "text": "four years ago if everything stayed the"}, {"start": "00:06:04", "end": "00:06:07", "text": "same. So there's a little bit of a"}, {"start": "00:06:05", "end": "00:06:11", "text": "difference and that is uh very true."}, {"start": "00:06:07", "end": "00:06:13", "text": "Also you can see like the ETF flows"}, {"start": "00:06:11", "end": "00:06:15", "text": "and looking pretty good as well as far"}, {"start": "00:06:13", "end": "00:06:18", "text": "as like uh let's see who has the most."}, {"start": "00:06:15", "end": "00:06:23", "text": "Oh yeah. Yeah. Black Rockck 64 billion,"}, {"start": "00:06:18", "end": "00:06:25", "text": "Fidelity, Bit Boy, Arc, Hodal,"}, {"start": "00:06:23", "end": "00:06:29", "text": "Burr, whatever that one is, all these"}, {"start": "00:06:25", "end": "00:06:31", "text": "different uh ETFs that are out there."}, {"start": "00:06:29", "end": "00:06:34", "text": "Black Rockck 64 billion. and the flows"}, {"start": "00:06:31", "end": "00:06:37", "text": "over time as we can see here that uh you"}, {"start": "00:06:34", "end": "00:06:39", "text": "know as of October 9th was our all-time"}, {"start": "00:06:37", "end": "00:06:41", "text": "high for the flows 62 billion"}, {"start": "00:06:39", "end": "00:06:45", "text": "cumulatively but over the last year or"}, {"start": "00:06:41", "end": "00:06:48", "text": "so we've just seen some lower highs we"}, {"start": "00:06:45", "end": "00:06:50", "text": "had one here in May 5th 26 at 59 billion"}, {"start": "00:06:48", "end": "00:06:53", "text": "not too bad and then just recently we"}, {"start": "00:06:50", "end": "00:06:55", "text": "had one on September 8th at 55 billion"}, {"start": "00:06:53", "end": "00:06:58", "text": "but a little bit of a degradation going"}, {"start": "00:06:55", "end": "00:07:00", "text": "down however ETFs remain strong so there"}, {"start": "00:06:58", "end": "00:07:01", "text": "are some good things going on out there"}, {"start": "00:07:00", "end": "00:07:03", "text": "I'm not to say this is the exact same."}, {"start": "00:07:01", "end": "00:07:07", "text": "Obviously, we take a look at it. 35% for"}, {"start": "00:07:03", "end": "00:07:10", "text": "71% down. So, maybe this is the next"}, {"start": "00:07:07", "end": "00:07:13", "text": "bull run coming and maybe I won't see my"}, {"start": "00:07:10", "end": "00:07:16", "text": "sweet sweet Bitcoin price dropping in"}, {"start": "00:07:13", "end": "00:07:20", "text": "Q4. However, there are some things to be"}, {"start": "00:07:16", "end": "00:07:23", "text": "aware of. One of those are scams and we"}, {"start": "00:07:20", "end": "00:07:25", "text": "cannot get away from it. Charles Hoskin"}, {"start": "00:07:23", "end": "00:07:27", "text": "and Cardano's YouTube channel are"}, {"start": "00:07:25", "end": "00:07:29", "text": "hacked. Don't click any links. I don't"}, {"start": "00:07:27", "end": "00:07:32", "text": "know if this was the IOG channel on"}, {"start": "00:07:29", "end": "00:07:35", "text": "YouTube or also Charles Hoskinson's uh"}, {"start": "00:07:32", "end": "00:07:37", "text": "personal uh YouTube and social media"}, {"start": "00:07:35", "end": "00:07:39", "text": "platform, but it just goes without"}, {"start": "00:07:37", "end": "00:07:40", "text": "saying just don't click anything because"}, {"start": "00:07:39", "end": "00:07:42", "text": "everything's a scam until proven"}, {"start": "00:07:40", "end": "00:07:44", "text": "otherwise. That's why I have these rules"}, {"start": "00:07:42", "end": "00:07:48", "text": "underneath me. Rule number two,"}, {"start": "00:07:44", "end": "00:07:51", "text": "everything is a scam. 100% are scams."}, {"start": "00:07:48", "end": "00:07:53", "text": "Also, I linked this video in the"}, {"start": "00:07:51", "end": "00:07:57", "text": "description. Shout out to Jimmy for"}, {"start": "00:07:53", "end": "00:08:00", "text": "sending me this one. 45 wallet apps"}, {"start": "00:07:57", "end": "00:08:01", "text": "that are being used right now, not just"}, {"start": "00:08:00", "end": "00:08:03", "text": "on"}, {"start": "00:08:01", "end": "00:08:06", "text": "uh the Google Play Store, but on the"}, {"start": "00:08:03", "end": "00:08:07", "text": "Apple App Store as well. All these"}, {"start": "00:08:06", "end": "00:08:08", "text": "wallets, which look like legitimate"}, {"start": "00:08:07", "end": "00:08:12", "text": "wallets, I don't know what the heck"}, {"start": "00:08:08", "end": "00:08:15", "text": "flash wallet is, Ben token, Ybit, XRPH"}, {"start": "00:08:12", "end": "00:08:19", "text": "wallet, all of them have been flagged"}, {"start": "00:08:15", "end": "00:08:21", "text": "for stealing your private keys and"}, {"start": "00:08:19", "end": "00:08:23", "text": "essentially draining people left and"}, {"start": "00:08:21", "end": "00:08:25", "text": "right. And there's 45 of them. So"}, {"start": "00:08:23", "end": "00:08:27", "text": "anyhow, I link that in the description"}, {"start": "00:08:25", "end": "00:08:30", "text": "and that's the second case. Everything"}, {"start": "00:08:27", "end": "00:08:31", "text": "is a scam from otherwise don't download"}, {"start": "00:08:30", "end": "00:08:33", "text": "anything because it's all going to be a"}, {"start": "00:08:31", "end": "00:08:36", "text": "scam anyhow. So just let me to the point"}, {"start": "00:08:33", "end": "00:08:38", "text": "of, you know, try just do a little bit"}, {"start": "00:08:36", "end": "00:08:40", "text": "of a diversification of your cold"}, {"start": "00:08:38", "end": "00:08:41", "text": "storage. I know we want to keep them on"}, {"start": "00:08:40", "end": "00:08:43", "text": "exchanges and do a little ETF. Nothing"}, {"start": "00:08:41", "end": "00:08:44", "text": "wrong with that. You do the same thing,"}, {"start": "00:08:43", "end": "00:08:47", "text": "but uh if you're going to do like cold"}, {"start": "00:08:44", "end": "00:08:49", "text": "storage, definitely get a tang, switch"}, {"start": "00:08:47", "end": "00:08:50", "text": "it up with a little ledger, get a traer."}, {"start": "00:08:49", "end": "00:08:52", "text": "I don't care what you get. Just just"}, {"start": "00:08:50", "end": "00:08:53", "text": "move things around. You don't want to be"}, {"start": "00:08:52", "end": "00:08:55", "text": "the one that loses everything. I"}, {"start": "00:08:53", "end": "00:08:59", "text": "personally am a big believer also in"}, {"start": "00:08:55", "end": "00:09:02", "text": "iTrust for their cold storage which you"}, {"start": "00:08:59", "end": "00:09:04", "text": "know Micro Strategy and uh this guy"}, {"start": "00:09:02", "end": "00:09:05", "text": "Larry Frink over there use the same"}, {"start": "00:09:04", "end": "00:09:07", "text": "thing Coinbase Prime the same thing that"}, {"start": "00:09:05", "end": "00:09:09", "text": "Irust is doing. And also there's going"}, {"start": "00:09:07", "end": "00:09:13", "text": "to be a big announcement this week"}, {"start": "00:09:09", "end": "00:09:16", "text": "coming up. It is rolling out their AI"}, {"start": "00:09:13", "end": "00:09:18", "text": "robotic trading platform which is going"}, {"start": "00:09:16", "end": "00:09:20", "text": "to be integrated into it. You don't have"}, {"start": "00:09:18", "end": "00:09:21", "text": "to download anything, which again, why"}, {"start": "00:09:20", "end": "00:09:24", "text": "don't we want to download things?"}, {"start": "00:09:21", "end": "00:09:25", "text": "Because everything's a scam. But within"}, {"start": "00:09:24", "end": "00:09:27", "text": "iTrust, they're going to give you the"}, {"start": "00:09:25", "end": "00:09:30", "text": "access to do that. And you're going to"}, {"start": "00:09:27", "end": "00:09:32", "text": "be able to pick seven different types of"}, {"start": "00:09:30", "end": "00:09:34", "text": "categories of how you like to trade"}, {"start": "00:09:32", "end": "00:09:35", "text": "things around. And they've actually back"}, {"start": "00:09:34", "end": "00:09:37", "text": "tested it. And it looks like if you"}, {"start": "00:09:35", "end": "00:09:40", "text": "would have done this in 2023, you'd be"}, {"start": "00:09:37", "end": "00:09:42", "text": "up 15x. I'll explain it all next week."}, {"start": "00:09:40", "end": "00:09:44", "text": "Things are looking pretty good as far as"}, {"start": "00:09:42", "end": "00:09:46", "text": "like with that. But again, there's also"}, {"start": "00:09:44", "end": "00:09:48", "text": "some other things to be concerned of,"}, {"start": "00:09:46", "end": "00:09:49", "text": "and that is politics. This isn't a"}, {"start": "00:09:48", "end": "00:09:51", "text": "political channel, so I want to make"}, {"start": "00:09:49", "end": "00:09:53", "text": "this quick. Charlie Bleo says Democrats"}, {"start": "00:09:51", "end": "00:09:57", "text": "are now favored to take back the Senate"}, {"start": "00:09:53", "end": "00:09:59", "text": "and the House. 90% probability in the"}, {"start": "00:09:57", "end": "00:10:00", "text": "House of Representatives, 60%"}, {"start": "00:09:59", "end": "00:10:01", "text": "probability in the Senate, this of"}, {"start": "00:10:00", "end": "00:10:03", "text": "course is from Poly Market. We'll see"}, {"start": "00:10:01", "end": "00:10:06", "text": "what actually all plays out. Although"}, {"start": "00:10:03", "end": "00:10:07", "text": "Poly Market was correct in calling that"}, {"start": "00:10:06", "end": "00:10:08", "text": "the president of the United States,"}, {"start": "00:10:07", "end": "00:10:10", "text": "which was going to be Donald Trump, was"}, {"start": "00:10:08", "end": "00:10:12", "text": "actually accurate. So if this comes"}, {"start": "00:10:10", "end": "00:10:14", "text": "through, what does that mean for the"}, {"start": "00:10:12", "end": "00:10:15", "text": "current administration? It means a lame"}, {"start": "00:10:14", "end": "00:10:17", "text": "duck session where not too much is going"}, {"start": "00:10:15", "end": "00:10:19", "text": "to get done and they're going to be"}, {"start": "00:10:17", "end": "00:10:22", "text": "fighting constantly because let's be"}, {"start": "00:10:19", "end": "00:10:24", "text": "honest, the Democrats despise the"}, {"start": "00:10:22", "end": "00:10:26", "text": "current administration and the current"}, {"start": "00:10:24", "end": "00:10:27", "text": "administration despises the Democrats."}, {"start": "00:10:26", "end": "00:10:29", "text": "It seems like they can never reach"}, {"start": "00:10:27", "end": "00:10:31", "text": "across the aisle."}, {"start": "00:10:29", "end": "00:10:33", "text": "That's that's hyperbole. I'm sorry. They"}, {"start": "00:10:31", "end": "00:10:35", "text": "can there are people that are doing good"}, {"start": "00:10:33", "end": "00:10:36", "text": "things. I see good things. It's just"}, {"start": "00:10:35", "end": "00:10:37", "text": "that in the next two years, we're not"}, {"start": "00:10:36", "end": "00:10:39", "text": "going to get much done. That's pretty"}, {"start": "00:10:37", "end": "00:10:41", "text": "much how it's going to work out. And"}, {"start": "00:10:39", "end": "00:10:44", "text": "then also, this is the type of message"}, {"start": "00:10:41", "end": "00:10:47", "text": "you're going to keep hearing. And if you"}, {"start": "00:10:44", "end": "00:10:50", "text": "believe it, this is, you know, what's"}, {"start": "00:10:47", "end": "00:10:52", "text": "people are going to hear and get behind."}, {"start": "00:10:50", "end": "00:10:54", "text": "This is Michael Bennett. He's uh the"}, {"start": "00:10:52", "end": "00:10:57", "text": "senator for Colorado and he is one of"}, {"start": "00:10:54", "end": "00:10:58", "text": "the ones that voted for no for clarity"}, {"start": "00:10:57", "end": "00:10:59", "text": "and people are going to eat this up."}, {"start": "00:10:58", "end": "00:11:01", "text": "Take a listen to this. This is what"}, {"start": "00:10:59", "end": "00:11:03", "text": "you're going to hear all the time."}, {"start": "00:11:01", "end": "00:11:05", "text": ">> This week, I voted no on the Clarity"}, {"start": "00:11:03", "end": "00:11:08", "text": "Act. It does nothing to stop President"}, {"start": "00:11:05", "end": "00:11:10", "text": "Trump from continuing to enrich himself"}, {"start": "00:11:08", "end": "00:11:13", "text": "and abuse his office. This year alone,"}, {"start": "00:11:10", "end": "00:11:16", "text": "the president made $1.4 billion dollar"}, {"start": "00:11:13", "end": "00:11:18", "text": "on corrupt crypto transactions. This"}, {"start": "00:11:16", "end": "00:11:21", "text": "bill will only enable the president to"}, {"start": "00:11:18", "end": "00:11:24", "text": "continue lining his pockets. I have"}, {"start": "00:11:21", "end": "00:11:26", "text": "spent years fighting to ensure that no"}, {"start": "00:11:24", "end": "00:11:29", "text": "federal official, including President"}, {"start": "00:11:26", "end": "00:11:31", "text": "Trump, can line their own pockets when"}, {"start": "00:11:29", "end": "00:11:34", "text": "they're in office. The American people"}, {"start": "00:11:31", "end": "00:11:36", "text": "deserve real guard rails on crypto, not"}, {"start": "00:11:34", "end": "00:11:38", "text": "weak legislation like this that hands"}, {"start": "00:11:36", "end": "00:11:41", "text": "the president and his family a free"}, {"start": "00:11:38", "end": "00:11:43", "text": "pass. Well, first of all, let's be"}, {"start": "00:11:41", "end": "00:11:45", "text": "honest, it's not like uh the people in"}, {"start": "00:11:43", "end": "00:11:47", "text": "the Senate and the House weren't uh"}, {"start": "00:11:45", "end": "00:11:49", "text": "trading on insider information. I know,"}, {"start": "00:11:47", "end": "00:11:51", "text": "I know it sounds crazy, but uh they have"}, {"start": "00:11:49", "end": "00:11:53", "text": "enriched themselves. And let's be"}, {"start": "00:11:51", "end": "00:11:55", "text": "honest, current sitting president has"}, {"start": "00:11:53", "end": "00:11:57", "text": "kind of done the same thing. So, let's"}, {"start": "00:11:55", "end": "00:11:59", "text": "just call a spade a spade. That's the"}, {"start": "00:11:57", "end": "00:12:01", "text": "thing you're going to get. That's"}, {"start": "00:11:59", "end": "00:12:02", "text": "politics. Let's move on to the last"}, {"start": "00:12:01", "end": "00:12:05", "text": "piece and get into the Q&A, which is the"}, {"start": "00:12:02", "end": "00:12:07", "text": "more important stuff. Lastly,"}, {"start": "00:12:05", "end": "00:12:09", "text": "ITC into the into the cryptoverse"}, {"start": "00:12:07", "end": "00:12:10", "text": "conference is going to be happening"}, {"start": "00:12:09", "end": "00:12:12", "text": "November 20th to 22nd in Miami. It's"}, {"start": "00:12:10", "end": "00:12:15", "text": "going to be good times. And we have a"}, {"start": "00:12:12", "end": "00:12:16", "text": "new special guest coming in."}, {"start": "00:12:15", "end": "00:12:18", "text": "Have you heard of this guy? His name is"}, {"start": "00:12:16", "end": "00:12:20", "text": "Michael Sailor. So, Michael Sailor will"}, {"start": "00:12:18", "end": "00:12:21", "text": "be there. Sam Carson, former options"}, {"start": "00:12:20", "end": "00:12:24", "text": "market maker. Mark, you go. That'd be"}, {"start": "00:12:21", "end": "00:12:25", "text": "good. Alicio James, I like this guy,"}, {"start": "00:12:24", "end": "00:12:28", "text": "James Czech. Always got good"}, {"start": "00:12:25", "end": "00:12:31", "text": "information. Mike Mcloan also kind of a"}, {"start": "00:12:28", "end": "00:12:32", "text": "hater sometimes but good guy. And"}, {"start": "00:12:31", "end": "00:12:35", "text": "speaking of guy, Guy will be there. I'll"}, {"start": "00:12:32", "end": "00:12:38", "text": "be there. Gareth, David, Jason Pazino,"}, {"start": "00:12:35", "end": "00:12:40", "text": "Leah Thompson. Look at that. Tom Cron"}, {"start": "00:12:38", "end": "00:12:42", "text": "and FA. Is that how you say it?"}, {"start": "00:12:40", "end": "00:12:45", "text": "CryptoKid who just got his channel back."}, {"start": "00:12:42", "end": "00:12:48", "text": "Congratulations. Randy, Dana, Evan, Matt"}, {"start": "00:12:45", "end": "00:12:50", "text": "Crosby, and Mr. M's gonna be there. So,"}, {"start": "00:12:48", "end": "00:12:52", "text": "this should be a good time. And if you"}, {"start": "00:12:50", "end": "00:12:56", "text": "lose the link in the description, you"}, {"start": "00:12:52", "end": "00:12:58", "text": "will get 10% off and I will buy you your"}, {"start": "00:12:56", "end": "00:13:01", "text": "first beer. Uh if there's a lot of"}, {"start": "00:12:58", "end": "00:13:03", "text": "people,"}, {"start": "00:13:01", "end": "00:13:05", "text": "probably a cheaper beer. Anyhow, so"}, {"start": "00:13:03", "end": "00:13:07", "text": "that's what we have. I look forward to"}, {"start": "00:13:05", "end": "00:13:10", "text": "seeing there. And then uh also for"}, {"start": "00:13:07", "end": "00:13:13", "text": "tomorrow, Jerry will be on the show from"}, {"start": "00:13:10", "end": "00:13:14", "text": "Costa Rica. And I want to go over this"}, {"start": "00:13:13", "end": "00:13:16", "text": "and I I'm going to leave Jerry with I'm"}, {"start": "00:13:14", "end": "00:13:18", "text": "going to have Jerry come in with me on"}, {"start": "00:13:16", "end": "00:13:19", "text": "this one about the big three that I'm"}, {"start": "00:13:18", "end": "00:13:21", "text": "leaning on. I'm leaning on Ben, Ivan,"}, {"start": "00:13:19", "end": "00:13:23", "text": "and Wes. And I'm going to explain to you"}, {"start": "00:13:21", "end": "00:13:25", "text": "guys why I'm doing that and their"}, {"start": "00:13:23", "end": "00:13:26", "text": "indicators because these indicators"}, {"start": "00:13:25", "end": "00:13:29", "text": "didn't fire whatsoever and they just"}, {"start": "00:13:26", "end": "00:13:31", "text": "were awful. So, I'm going to take a look"}, {"start": "00:13:29", "end": "00:13:33", "text": "at and we're going to back test some of"}, {"start": "00:13:31", "end": "00:13:36", "text": "these guys in their calls. And I got to"}, {"start": "00:13:33", "end": "00:13:40", "text": "tell you, looking pretty good. We'll get"}, {"start": "00:13:36", "end": "00:13:42", "text": "to that tomorrow. But uh lastly, lastly"}, {"start": "00:13:40", "end": "00:13:45", "text": "before I go into Q&A, I just want to say"}, {"start": "00:13:42", "end": "00:13:47", "text": "uh for everybody to thank you for the"}, {"start": "00:13:45", "end": "00:13:50", "text": "donations for the animal shelter here in"}, {"start": "00:13:47", "end": "00:13:52", "text": "Puerto Rico, the amigos delos. It's"}, {"start": "00:13:50", "end": "00:13:55", "text": "great because we have to move these uh"}, {"start": "00:13:52", "end": "00:13:56", "text": "50 60 dogs out because we lost the lease"}, {"start": "00:13:55", "end": "00:13:59", "text": "instead of that are sent to the kill"}, {"start": "00:13:56", "end": "00:14:01", "text": "shelter. So we raised 51,000. Fantastic."}, {"start": "00:13:59", "end": "00:14:04", "text": "I appreciate all of you. And as I"}, {"start": "00:14:01", "end": "00:14:06", "text": "promised, uh we will be doing little"}, {"start": "00:14:04", "end": "00:14:08", "text": "updates so you can understand that we're"}, {"start": "00:14:06", "end": "00:14:10", "text": "not the government. If you give us"}, {"start": "00:14:08", "end": "00:14:12", "text": "money, uh, we're responsible for you."}, {"start": "00:14:10", "end": "00:14:13", "text": "So, thank you. And we'll tell you what's"}, {"start": "00:14:12", "end": "00:14:16", "text": "going on. Yesterday, we signed the lease"}, {"start": "00:14:13", "end": "00:14:18", "text": "for the new land. And, uh, just like"}, {"start": "00:14:16", "end": "00:14:20", "text": "Puerto Rico, as we were signing, the"}, {"start": "00:14:18", "end": "00:14:22", "text": "damn lights went out, electricity,"}, {"start": "00:14:20", "end": "00:14:24", "text": "because that's Puerto Rico. And, uh,"}, {"start": "00:14:22", "end": "00:14:26", "text": "everything worked out pretty well. So,"}, {"start": "00:14:24", "end": "00:14:28", "text": "we'll have the land, we'll be doing the"}, {"start": "00:14:26", "end": "00:14:30", "text": "fabrication, and we'll be building"}, {"start": "00:14:28", "end": "00:14:31", "text": "everything, and I'll leave I'll bring"}, {"start": "00:14:30", "end": "00:14:34", "text": "you guys along for the ride. One thing"}, {"start": "00:14:31", "end": "00:14:35", "text": "we do have to fix, though, is AI. I"}, {"start": "00:14:34", "end": "00:14:38", "text": "don't know what the hell happened to my"}, {"start": "00:14:35", "end": "00:14:40", "text": "face here, but uh I don't know if that's"}, {"start": "00:14:38", "end": "00:14:42", "text": "me and Mark Yusco if we had a kid, but"}, {"start": "00:14:40", "end": "00:14:44", "text": "yeah, that's me. So, anyhow, that's it"}, {"start": "00:14:42", "end": "00:14:45", "text": "for today. Thanks so much for stopping"}, {"start": "00:14:44", "end": "00:14:47", "text": "by. You like today's video? Give it a"}, {"start": "00:14:45", "end": "00:14:49", "text": "thumbs up. Consider subscribing. We talk"}, {"start": "00:14:47", "end": "00:14:51", "text": "about his time sensitive. Now, let's get"}, {"start": "00:14:49", "end": "00:14:53", "text": "into a little Q&A and I'll answer your"}, {"start": "00:14:51", "end": "00:14:56", "text": "questions and we'll take it from there."}, {"start": "00:14:53", "end": "00:14:58", "text": "So, Independent Jack says, \"Bitcoin has"}, {"start": "00:14:56", "end": "00:15:01", "text": "no utility.\" And you know, as far as"}, {"start": "00:14:58", "end": "00:15:03", "text": "like utility, as far as like what it was"}, {"start": "00:15:01", "end": "00:15:05", "text": "originally designed for, the white paper"}, {"start": "00:15:03", "end": "00:15:07", "text": "specifically said, peer-to-p peer"}, {"start": "00:15:05", "end": "00:15:09", "text": "transactions, that's what Satoshi said"}, {"start": "00:15:07", "end": "00:15:11", "text": "it was supposed to do. This was right"}, {"start": "00:15:09", "end": "00:15:14", "text": "after the great financial reset or the"}, {"start": "00:15:11", "end": "00:15:16", "text": "great recession 2007 89. That's when it"}, {"start": "00:15:14", "end": "00:15:18", "text": "was created and it should have, but we"}, {"start": "00:15:16", "end": "00:15:20", "text": "figured out that uh it's kind of pricey"}, {"start": "00:15:18", "end": "00:15:21", "text": "and uh didn't really work too well for"}, {"start": "00:15:20", "end": "00:15:23", "text": "peer-to-peer transactions. we couldn't"}, {"start": "00:15:21", "end": "00:15:27", "text": "just buy coffee especially when we saw"}, {"start": "00:15:23", "end": "00:15:29", "text": "that in 2021 as the prices went up as"}, {"start": "00:15:27", "end": "00:15:31", "text": "far as like for transactions then we did"}, {"start": "00:15:29", "end": "00:15:33", "text": "some changes lightning network came in"}, {"start": "00:15:31", "end": "00:15:34", "text": "everything was uh made adaptable"}, {"start": "00:15:33", "end": "00:15:36", "text": "unfortunately or fortunately depending"}, {"start": "00:15:34", "end": "00:15:38", "text": "how you look at it a lot of different"}, {"start": "00:15:36", "end": "00:15:40", "text": "altcoins and different uh projects took"}, {"start": "00:15:38", "end": "00:15:43", "text": "that spot for payments now we're looking"}, {"start": "00:15:40", "end": "00:15:44", "text": "at stable coins and of course Visa is"}, {"start": "00:15:43", "end": "00:15:47", "text": "doing the same thing and they're looking"}, {"start": "00:15:44", "end": "00:15:50", "text": "at the best Binance Ethereum so as far"}, {"start": "00:15:47", "end": "00:15:53", "text": "as like utility I see it more as a store"}, {"start": "00:15:50", "end": "00:15:57", "text": "of value and we can just see that I mean"}, {"start": "00:15:53", "end": "00:16:01", "text": "to make it simple one Bitcoin in 2017"}, {"start": "00:15:57", "end": "00:16:03", "text": "was like 20 grand and I remember uh I"}, {"start": "00:16:01", "end": "00:16:06", "text": "bought a property there it's nice place"}, {"start": "00:16:03", "end": "00:16:09", "text": "El Paso Texas roughly 1,700 square feet"}, {"start": "00:16:06", "end": "00:16:12", "text": "and you were looking at like 110 115,000"}, {"start": "00:16:09", "end": "00:16:16", "text": "good area and then of course then in"}, {"start": "00:16:12", "end": "00:16:19", "text": "2021 well first of all things collapsed"}, {"start": "00:16:16", "end": "00:16:22", "text": "then 2021 everything went super high and"}, {"start": "00:16:19", "end": "00:16:25", "text": "then all of a sudden Like now you take a"}, {"start": "00:16:22", "end": "00:16:27", "text": "look at it, uh, Bitcoin has retained its"}, {"start": "00:16:25", "end": "00:16:29", "text": "value uh, pretty well, but you take a"}, {"start": "00:16:27", "end": "00:16:30", "text": "look at these houses, everything has"}, {"start": "00:16:29", "end": "00:16:32", "text": "exploded. You're like, \"What the hell"}, {"start": "00:16:30", "end": "00:16:34", "text": "happened?\" And that's cause that's"}, {"start": "00:16:32", "end": "00:16:37", "text": "called inflation. So if you're not"}, {"start": "00:16:34", "end": "00:16:39", "text": "keeping up around 11% year-over-year for"}, {"start": "00:16:37", "end": "00:16:41", "text": "your different assets that you hold,"}, {"start": "00:16:39", "end": "00:16:44", "text": "you're falling behind. And I take a look"}, {"start": "00:16:41", "end": "00:16:47", "text": "at Bitcoin. I'd rather own Bitcoin than"}, {"start": "00:16:44", "end": "00:16:49", "text": "say like a T bill, Treasury, or even"}, {"start": "00:16:47", "end": "00:16:51", "text": "cash. If I had to put things in cash,"}, {"start": "00:16:49", "end": "00:16:53", "text": "you know how bad that would be for the"}, {"start": "00:16:51", "end": "00:16:54", "text": "for the full term. Now, I'm not saying"}, {"start": "00:16:53", "end": "00:16:56", "text": "that Bitcoin is the only thing in my"}, {"start": "00:16:54", "end": "00:16:58", "text": "portfolio. Far from it. But I will just"}, {"start": "00:16:56", "end": "00:17:00", "text": "tell you this as far as like utility, I"}, {"start": "00:16:58", "end": "00:17:01", "text": "still see it as a store of value. People"}, {"start": "00:17:00", "end": "00:17:03", "text": "are welcome to disagree with me, but I"}, {"start": "00:17:01", "end": "00:17:06", "text": "see that's how it is. And I have to tell"}, {"start": "00:17:03", "end": "00:17:08", "text": "you, you know, great thing about uh or"}, {"start": "00:17:06", "end": "00:17:09", "text": "good thing about Bitcoin is that with"}, {"start": "00:17:08", "end": "00:17:13", "text": "real estate, like I was just talking"}, {"start": "00:17:09", "end": "00:17:16", "text": "about, if I was able to, I don't know,"}, {"start": "00:17:13", "end": "00:17:18", "text": "wipe out half of the houses that were"}, {"start": "00:17:16", "end": "00:17:21", "text": "for sale, uh what would that mean for"}, {"start": "00:17:18", "end": "00:17:24", "text": "the rest of the prices for the houses?"}, {"start": "00:17:21", "end": "00:17:26", "text": "Probably go up, right? Well, the great"}, {"start": "00:17:24", "end": "00:17:28", "text": "thing about that is that uh usually you"}, {"start": "00:17:26", "end": "00:17:32", "text": "don't wipe out half the houses unless"}, {"start": "00:17:28", "end": "00:17:36", "text": "you have like a pretty big uh tropical"}, {"start": "00:17:32", "end": "00:17:37", "text": "uh storm or you have a hurricane that"}, {"start": "00:17:36", "end": "00:17:40", "text": "just wipes everything out or massive"}, {"start": "00:17:37", "end": "00:17:44", "text": "earthquakes or some kind of man or"}, {"start": "00:17:40", "end": "00:17:46", "text": "disaster. So, if that happens, prices go"}, {"start": "00:17:44", "end": "00:17:47", "text": "up. The thing about Bitcoin is that"}, {"start": "00:17:46", "end": "00:17:50", "text": "there's only 21 million. We've already"}, {"start": "00:17:47", "end": "00:17:52", "text": "mined 20 million and there's a having"}, {"start": "00:17:50", "end": "00:17:55", "text": "coming up in 2028. half the supply. Now,"}, {"start": "00:17:52", "end": "00:17:57", "text": "it's not much, but again, as far as like"}, {"start": "00:17:55", "end": "00:17:58", "text": "scarcity, it's one of the best. As far"}, {"start": "00:17:57", "end": "00:18:00", "text": "as decentralization and not being able"}, {"start": "00:17:58", "end": "00:18:02", "text": "to overrun by the government, Bitcoin is"}, {"start": "00:18:00", "end": "00:18:04", "text": "probably one of the best. And as far as"}, {"start": "00:18:02", "end": "00:18:06", "text": "like utility store value, that's where I"}, {"start": "00:18:04", "end": "00:18:10", "text": "see it. All right,"}, {"start": "00:18:06", "end": "00:18:12", "text": "let's see. You know,"}, {"start": "00:18:10", "end": "00:18:15", "text": "glad the car What is this? Muhammad."}, {"start": "00:18:12", "end": "00:18:16", "text": "Muhammad. Glad the Clarity Act didn't"}, {"start": "00:18:15", "end": "00:18:18", "text": "pass. It's time to repeal the Genius"}, {"start": "00:18:16", "end": "00:18:20", "text": "Act. All these regulations are going"}, {"start": "00:18:18", "end": "00:18:23", "text": "against the purpose of crypto. I can't"}, {"start": "00:18:20", "end": "00:18:26", "text": "really go against that. That's true. And"}, {"start": "00:18:23", "end": "00:18:28", "text": "I will tell you that Clarity Act as it"}, {"start": "00:18:26", "end": "00:18:31", "text": "uh wasn't passed was actually pretty"}, {"start": "00:18:28", "end": "00:18:32", "text": "good. SEC and CFTC were on it. And we"}, {"start": "00:18:31", "end": "00:18:33", "text": "actually talked about this yesterday."}, {"start": "00:18:32", "end": "00:18:35", "text": "They're like, \"Well, look, if the"}, {"start": "00:18:33", "end": "00:18:36", "text": "Congress can't get it done, then you"}, {"start": "00:18:35", "end": "00:18:39", "text": "know, we'll string up some rules and"}, {"start": "00:18:36", "end": "00:18:40", "text": "regulations and just drive this out.\" I"}, {"start": "00:18:39", "end": "00:18:42", "text": "believe the SEC commissioner said, \"Uh,"}, {"start": "00:18:40", "end": "00:18:45", "text": "we'll be waiting for we're g we'll have"}, {"start": "00:18:42", "end": "00:18:47", "text": "this in implemented for five years"}, {"start": "00:18:45", "end": "00:18:51", "text": "plus.\" again when the new administration"}, {"start": "00:18:47", "end": "00:18:54", "text": "comes in that's going to happen then uh"}, {"start": "00:18:51", "end": "00:18:58", "text": "they have the ability to replace those"}, {"start": "00:18:54", "end": "00:18:59", "text": "heads of those organizations OC SEC CFDC"}, {"start": "00:18:58", "end": "00:19:01", "text": "whatever else and they can put the other"}, {"start": "00:18:59", "end": "00:19:03", "text": "people in place and of course they will"}, {"start": "00:19:01", "end": "00:19:05", "text": "be aligned with their thought processes"}, {"start": "00:19:03", "end": "00:19:06", "text": "and they will probably eliminate that"}, {"start": "00:19:05", "end": "00:19:08", "text": "and change it to whatever it else it is"}, {"start": "00:19:06", "end": "00:19:11", "text": "so it' be better if it was actually"}, {"start": "00:19:08", "end": "00:19:12", "text": "brought into law as the bill would have"}, {"start": "00:19:11", "end": "00:19:15", "text": "been passed because it's a hell of a lot"}, {"start": "00:19:12", "end": "00:19:18", "text": "harder to repeal a bill and to override"}, {"start": "00:19:15", "end": "00:19:23", "text": "it as opposed to just overriding just"}, {"start": "00:19:18", "end": "00:19:23", "text": "one head of a agency. All right."}, {"start": "00:19:25", "end": "00:19:29", "text": "Then I'm vision says, \"Man, Bitcoin is"}, {"start": "00:19:27", "end": "00:19:31", "text": "your utility.\" All right. I'm not going"}, {"start": "00:19:29", "end": "00:19:33", "text": "to change your mind."}, {"start": "00:19:31", "end": "00:19:37", "text": "Let's see. You know, this isn't Ben's"}, {"start": "00:19:33", "end": "00:19:37", "text": "channel. This is true."}, {"start": "00:19:39", "end": "00:19:43", "text": "I'm Vision. Ben Cow is clueless in"}, {"start": "00:19:41", "end": "00:19:46", "text": "crypto."}, {"start": "00:19:43", "end": "00:19:51", "text": "Visions, you're on fire."}, {"start": "00:19:46", "end": "00:19:51", "text": "I don't agree with you, but sure."}, {"start": "00:19:52", "end": "00:19:57", "text": "And let's see, Rusty Bots. A look at"}, {"start": "00:19:56", "end": "00:20:01", "text": "that. Looks like we're about to finally"}, {"start": "00:19:57", "end": "00:20:04", "text": "crack Bitcoin."}, {"start": "00:20:01", "end": "00:20:11", "text": "Let's see. Rob, why did you use AI for"}, {"start": "00:20:04", "end": "00:20:13", "text": "that poster? Let's see. Uh, this one"}, {"start": "00:20:11", "end": "00:20:15", "text": "where I look like some kind of weird"}, {"start": "00:20:13", "end": "00:20:17", "text": "fish. I didn't do this. This I'm not in"}, {"start": "00:20:15", "end": "00:20:20", "text": "charge of of creating these things in"}, {"start": "00:20:17", "end": "00:20:22", "text": "newsletters. It was one of our guys and"}, {"start": "00:20:20", "end": "00:20:24", "text": "uh I don't know why I look like that."}, {"start": "00:20:22", "end": "00:20:26", "text": "It's just part for the course. It"}, {"start": "00:20:24", "end": "00:20:29", "text": "doesn't matter. I'm not important. The"}, {"start": "00:20:26", "end": "00:20:30", "text": "what's important is saving the dogs and"}, {"start": "00:20:29", "end": "00:20:34", "text": "making sure everything works out. Who"}, {"start": "00:20:30", "end": "00:20:39", "text": "cares if I look strange?"}, {"start": "00:20:34", "end": "00:20:41", "text": "Let's see. Kevin Olry, usual suspects."}, {"start": "00:20:39", "end": "00:20:43", "text": "Yeah, I wish my hair looked good in"}, {"start": "00:20:41", "end": "00:20:46", "text": "Miami. Well, you should come to Puerto"}, {"start": "00:20:43", "end": "00:20:51", "text": "Rico. It's the same thing."}, {"start": "00:20:46", "end": "00:20:52", "text": "That's funny. Michael Seller."}, {"start": "00:20:51", "end": "00:20:55", "text": "Never sell your Bitcoin. I mean, I'm"}, {"start": "00:20:52", "end": "00:20:56", "text": "talking about for my company, not for"}, {"start": "00:20:55", "end": "00:20:58", "text": "Actually, no, he was talking about"}, {"start": "00:20:56", "end": "00:21:00", "text": "himself. His company did sell. What am I"}, {"start": "00:20:58", "end": "00:21:02", "text": "saying?"}, {"start": "00:21:00", "end": "00:21:06", "text": "Are senators a crypt?"}, {"start": "00:21:02", "end": "00:21:07", "text": "Well, I mean, not all senators,"}, {"start": "00:21:06", "end": "00:21:09", "text": "most of senators, I would say. Well, it"}, {"start": "00:21:07", "end": "00:21:13", "text": "depends on your level of corruption, you"}, {"start": "00:21:09", "end": "00:21:15", "text": "know, is like taking some information"}, {"start": "00:21:13", "end": "00:21:19", "text": "and uh using that to your advantage. Is"}, {"start": "00:21:15", "end": "00:21:21", "text": "that corruption? Is it corruption to buy"}, {"start": "00:21:19", "end": "00:21:24", "text": "certain things or do certain things? Is"}, {"start": "00:21:21", "end": "00:21:26", "text": "it corruption to only enrich your"}, {"start": "00:21:24", "end": "00:21:29", "text": "friends that are uh bidding for"}, {"start": "00:21:26", "end": "00:21:31", "text": "different contracts within your state?"}, {"start": "00:21:29", "end": "00:21:33", "text": "Or do you just do that because you know"}, {"start": "00:21:31", "end": "00:21:36", "text": "your friends and they are actually"}, {"start": "00:21:33", "end": "00:21:38", "text": "top-notch in what they're doing? Is that"}, {"start": "00:21:36", "end": "00:21:40", "text": "corruption? There's always different"}, {"start": "00:21:38", "end": "00:21:42", "text": "levels to it. I know people say, \"No,"}, {"start": "00:21:40", "end": "00:21:45", "text": "it's got to be on merit and merit only.\""}, {"start": "00:21:42", "end": "00:21:46", "text": "Well, I got to tell you, if I'm going to"}, {"start": "00:21:45", "end": "00:21:48", "text": "do something, I got to look for the"}, {"start": "00:21:46", "end": "00:21:49", "text": "people that I actually know and have a"}, {"start": "00:21:48", "end": "00:21:51", "text": "history with because I know what I'm"}, {"start": "00:21:49", "end": "00:21:53", "text": "going to get. Some people say it's not"}, {"start": "00:21:51", "end": "00:21:54", "text": "right."}, {"start": "00:21:53", "end": "00:21:55", "text": "This is why it's not a political channel"}, {"start": "00:21:54", "end": "00:21:59", "text": "because we go down all those rabbit"}, {"start": "00:21:55", "end": "00:22:04", "text": "holes and just boring."}, {"start": "00:21:59", "end": "00:22:06", "text": "Ah, I miss the days when corruption was"}, {"start": "00:22:04", "end": "00:22:08", "text": "just under the blanket and no one could"}, {"start": "00:22:06", "end": "00:22:10", "text": "see it. We knew it was there, but we"}, {"start": "00:22:08", "end": "00:22:12", "text": "didn't get it blasted to us on True"}, {"start": "00:22:10", "end": "00:22:16", "text": "Social."}, {"start": "00:22:12", "end": "00:22:19", "text": "Ah, I miss Joe Biden. I miss Hunter"}, {"start": "00:22:16", "end": "00:22:21", "text": "Biden doing all the crazy stuff he did"}, {"start": "00:22:19", "end": "00:22:24", "text": "and we never heard about it. Yeah, good"}, {"start": "00:22:21", "end": "00:22:25", "text": "times. Let's see. Truckers in the US are"}, {"start": "00:22:24", "end": "00:22:26", "text": "going to strike shortly after the"}, {"start": "00:22:25", "end": "00:22:28", "text": "economy's in the toilet. Fer is probably"}, {"start": "00:22:26", "end": "00:22:30", "text": "right. My brother is a trucker and he"}, {"start": "00:22:28", "end": "00:22:32", "text": "talks about this all the time when he's"}, {"start": "00:22:30", "end": "00:22:34", "text": "texting me with these uh images. He"}, {"start": "00:22:32", "end": "00:22:39", "text": "travels from Las Vegas to California and"}, {"start": "00:22:34", "end": "00:22:40", "text": "it was diesel prices are outrageous."}, {"start": "00:22:39", "end": "00:22:43", "text": "Rob is a good man. Thank you, Aristotle."}, {"start": "00:22:40", "end": "00:22:46", "text": "It's very nice of you."}, {"start": "00:22:43", "end": "00:22:46", "text": "Ah,"}, {"start": "00:22:46", "end": "00:22:53", "text": "when you're a stranger. It's true."}, {"start": "00:22:50", "end": "00:22:56", "text": "And what else we got except the borders"}, {"start": "00:22:53", "end": "00:22:56", "text": "by social"}, {"start": "00:22:56", "end": "00:23:01", "text": "lio."}, {"start": "00:22:59", "end": "00:23:05", "text": "Splint says, \"We'll alt make a comeback"}, {"start": "00:23:01", "end": "00:23:08", "text": "this next bull run.\""}, {"start": "00:23:05", "end": "00:23:10", "text": "You know, I think some have to because"}, {"start": "00:23:08", "end": "00:23:13", "text": "it can't be all Bitcoin. I think we've"}, {"start": "00:23:10", "end": "00:23:17", "text": "all figured that out. It just it just"}, {"start": "00:23:13", "end": "00:23:19", "text": "can't be. And then for for these rails"}, {"start": "00:23:17", "end": "00:23:21", "text": "of which, you know, the SEC just came"}, {"start": "00:23:19", "end": "00:23:24", "text": "out and said we're going to allow"}, {"start": "00:23:21", "end": "00:23:28", "text": "essentially equities and trading on the"}, {"start": "00:23:24", "end": "00:23:30", "text": "rails of digital assets. Um, and of"}, {"start": "00:23:28", "end": "00:23:31", "text": "course, you know, there's a lot of rules"}, {"start": "00:23:30", "end": "00:23:33", "text": "and regulations with that, but they're"}, {"start": "00:23:31", "end": "00:23:35", "text": "going to have to pick something. And one"}, {"start": "00:23:33", "end": "00:23:37", "text": "of the big things I I noticed there,"}, {"start": "00:23:35", "end": "00:23:40", "text": "what was said was these will have to be"}, {"start": "00:23:37", "end": "00:23:42", "text": "open and permissionless. I thought that"}, {"start": "00:23:40", "end": "00:23:44", "text": "was a pretty good step in our direction."}, {"start": "00:23:42", "end": "00:23:46", "text": "So, will they take off? Yes. The"}, {"start": "00:23:44", "end": "00:23:48", "text": "question is"}, {"start": "00:23:46", "end": "00:23:50", "text": "what kind of utility they have. You just"}, {"start": "00:23:48", "end": "00:23:53", "text": "need a little bit of that. Just just a"}, {"start": "00:23:50", "end": "00:23:55", "text": "little bit of utility and then can we"}, {"start": "00:23:53", "end": "00:23:57", "text": "talk about it enough to get speculation"}, {"start": "00:23:55", "end": "00:23:59", "text": "then things will go through the roof."}, {"start": "00:23:57", "end": "00:24:03", "text": "Don't believe me? Just take a look at"}, {"start": "00:23:59", "end": "00:24:04", "text": "the last couple of years. We'll see it."}, {"start": "00:24:03", "end": "00:24:08", "text": "Ah,"}, {"start": "00:24:04", "end": "00:24:09", "text": "and that's it. That's it for today. So,"}, {"start": "00:24:08", "end": "00:24:11", "text": "thanks so much for stopping by. I"}, {"start": "00:24:09", "end": "00:24:12", "text": "appreciate you. Like today's video,"}, {"start": "00:24:11", "end": "00:24:14", "text": "thumbs up, subscribe, all that great"}, {"start": "00:24:12", "end": "00:24:16", "text": "stuff. Tomorrow we'll have Jerry Hall"}, {"start": "00:24:14", "end": "00:24:18", "text": "from Costa Rica in and we'll talk about"}, {"start": "00:24:16", "end": "00:24:22", "text": "those three guys that uh why I'm leaning"}, {"start": "00:24:18", "end": "00:24:23", "text": "into them heavily for tops and bottoms."}, {"start": "00:24:22", "end": "00:24:25", "text": "So we'll take a look at that as far as"}, {"start": "00:24:23", "end": "00:24:26", "text": "like the markets. That's it for today"}, {"start": "00:24:25", "end": "00:24:29", "text": "everybody. Thanks so much. I appreciate"}, {"start": "00:24:26", "end": "00:24:29", "text": "you. See the next one."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Can you trust the pump? The market is"}, {"start": "00:00:02", "end": "00:00:05", "text": "starting to move and today we'll break"}, {"start": "00:00:04", "end": "00:00:08", "text": "it down with you with one of our top"}, {"start": "00:00:05", "end": "00:00:10", "text": "channel partners and just dive into it."}, {"start": "00:00:08", "end": "00:00:12", "text": "I want to start off first with a clip"}, {"start": "00:00:10", "end": "00:00:15", "text": "because this will get you into the frame"}, {"start": "00:00:12", "end": "00:00:16", "text": "of where this market currently is. Take"}, {"start": "00:00:15", "end": "00:00:17", "text": "a look."}, {"start": "00:00:16", "end": "00:00:20", "text": ">> Is the crypto winter over?"}, {"start": "00:00:17", "end": "00:00:22", "text": ">> We we believe so. Um last week was"}, {"start": "00:00:20", "end": "00:00:24", "text": "really interesting. We had two events"}, {"start": "00:00:22", "end": "00:00:26", "text": "that in theory should have taken Bitcoin"}, {"start": "00:00:24", "end": "00:00:30", "text": "down. Um we had the Fed hike, the first"}, {"start": "00:00:26", "end": "00:00:33", "text": "one since 2023. Um and we had the the"}, {"start": "00:00:30", "end": "00:00:35", "text": "failure of passing the Clarity Act and"}, {"start": "00:00:33", "end": "00:00:39", "text": "um the initial reaction was Bitcoin down"}, {"start": "00:00:35", "end": "00:00:41", "text": "a bit. It just went to 75 77K and then"}, {"start": "00:00:39", "end": "00:00:44", "text": "went straight back up. If we can close"}, {"start": "00:00:41", "end": "00:00:45", "text": "the week above 85, I think we are in a"}, {"start": "00:00:44", "end": "00:00:47", "text": "good position."}, {"start": "00:00:45", "end": "00:00:49", "text": ">> How should retail investors think about"}, {"start": "00:00:47", "end": "00:00:52", "text": "institutional adoption?"}, {"start": "00:00:49", "end": "00:00:56", "text": ">> Um it's positive. um it brings a steady"}, {"start": "00:00:52", "end": "00:00:58", "text": "hand to the to the asset and if you u"}, {"start": "00:00:56", "end": "00:01:00", "text": "put it alongside a diversified portfolio"}, {"start": "00:00:58", "end": "00:01:03", "text": "it tends the adoption tends to come in"}, {"start": "00:01:00", "end": "00:01:05", "text": "waves. So Bitcoin spends most of its"}, {"start": "00:01:03", "end": "00:01:07", "text": "time doing either nothing or losing a"}, {"start": "00:01:05", "end": "00:01:09", "text": "little bit of money and then in a short"}, {"start": "00:01:07", "end": "00:01:13", "text": "amount of time you get this burst of uh"}, {"start": "00:01:09", "end": "00:01:15", "text": "of returns and that is um very positive"}, {"start": "00:01:13", "end": "00:01:18", "text": "for a for a portfolio."}, {"start": "00:01:15", "end": "00:01:20", "text": ">> All right. So what you can see there is"}, {"start": "00:01:18", "end": "00:01:21", "text": "a Tradfi that is starting to look at the"}, {"start": "00:01:20", "end": "00:01:23", "text": "crypto markets. That was Schwab"}, {"start": "00:01:21", "end": "00:01:25", "text": "reporting on where this is heading. I"}, {"start": "00:01:23", "end": "00:01:26", "text": "wanted to bring in Kevin Maloney of ITR"}, {"start": "00:01:25", "end": "00:01:29", "text": "Capital to kind of talk about this"}, {"start": "00:01:26", "end": "00:01:31", "text": "because he gets a chance to see where"}, {"start": "00:01:29", "end": "00:01:32", "text": "these trends are heading. So Kevin, how"}, {"start": "00:01:31", "end": "00:01:33", "text": "are you"}, {"start": "00:01:32", "end": "00:01:34", "text": ">> doing? Great Paul. Thanks for having us"}, {"start": "00:01:33", "end": "00:01:36", "text": "back."}, {"start": "00:01:34", "end": "00:01:37", "text": ">> You bet. So a lot to talk about. We're"}, {"start": "00:01:36", "end": "00:01:39", "text": "going to talk about some announcements"}, {"start": "00:01:37", "end": "00:01:42", "text": "you guys have. But before we get into"}, {"start": "00:01:39", "end": "00:01:44", "text": "that, there are some interesting things"}, {"start": "00:01:42", "end": "00:01:46", "text": "going on right now. One of them that"}, {"start": "00:01:44", "end": "00:01:47", "text": "occurred that I think some people might"}, {"start": "00:01:46", "end": "00:01:50", "text": "look at this and say, \"Hey, this is kind"}, {"start": "00:01:47", "end": "00:01:53", "text": "of bullish.\" We now have timeline"}, {"start": "00:01:50", "end": "00:01:54", "text": "trading uh within X. This most likely"}, {"start": "00:01:53", "end": "00:01:56", "text": "will open it up to X- traders out there."}, {"start": "00:01:54", "end": "00:01:59", "text": "I think cryptox in general is probably"}, {"start": "00:01:56", "end": "00:02:02", "text": "one of the bigger places, but hashtags"}, {"start": "00:01:59", "end": "00:02:05", "text": "do launch. This is a big thing when you"}, {"start": "00:02:02", "end": "00:02:07", "text": "in the current state of the market."}, {"start": "00:02:05", "end": "00:02:09", "text": "Do you feel like you can trust this pump"}, {"start": "00:02:07", "end": "00:02:11", "text": "as it is right now? Do you feel like,"}, {"start": "00:02:09", "end": "00:02:13", "text": "okay, the bottom is in, we're trusting"}, {"start": "00:02:11", "end": "00:02:15", "text": "this pump right now as we see these"}, {"start": "00:02:13", "end": "00:02:17", "text": "things happen in front of us?"}, {"start": "00:02:15", "end": "00:02:18", "text": ">> Yeah, I mean, the sentiment certainly"}, {"start": "00:02:17", "end": "00:02:20", "text": "changed, Paul. We're seeing a lot of"}, {"start": "00:02:18", "end": "00:02:22", "text": "cash that was on the sidelines go to"}, {"start": "00:02:20", "end": "00:02:24", "text": "work uh this last two weeks. We've seen,"}, {"start": "00:02:22", "end": "00:02:25", "text": "you know, tens and tens of millions of"}, {"start": "00:02:24", "end": "00:02:27", "text": "dollars go to work from retail"}, {"start": "00:02:25", "end": "00:02:29", "text": "investors. I think people are excited."}, {"start": "00:02:27", "end": "00:02:32", "text": "While the Clarity Act was a bit of a"}, {"start": "00:02:29", "end": "00:02:33", "text": "disappointment from a trady perspective,"}, {"start": "00:02:32", "end": "00:02:35", "text": ">> it doesn't change the underlying"}, {"start": "00:02:33", "end": "00:02:38", "text": "sentiment in the market. Uh Bitcoin"}, {"start": "00:02:35", "end": "00:02:40", "text": "doesn't need Clarity Act. And as we saw"}, {"start": "00:02:38", "end": "00:02:42", "text": "two indicators, the Clarity Act uh"}, {"start": "00:02:40", "end": "00:02:44", "text": "getting shot down during the Senate"}, {"start": "00:02:42", "end": "00:02:47", "text": "closure session uh and the rates going"}, {"start": "00:02:44", "end": "00:02:49", "text": "up the next day 25 basis points didn't"}, {"start": "00:02:47", "end": "00:02:52", "text": "affect the price holding steady above"}, {"start": "00:02:49", "end": "00:02:55", "text": "85. Money is going back into the market."}, {"start": "00:02:52", "end": "00:02:57", "text": "The sentiment certainly changed."}, {"start": "00:02:55", "end": "00:02:59", "text": ">> All right. So sentiment changing and and"}, {"start": "00:02:57", "end": "00:03:01", "text": "maybe another factor if you just look at"}, {"start": "00:02:59", "end": "00:03:04", "text": "the deal that was announced with Circle"}, {"start": "00:03:01", "end": "00:03:07", "text": "and Binance today, this shows a lot of"}, {"start": "00:03:04", "end": "00:03:09", "text": "faith in the general market, but I think"}, {"start": "00:03:07", "end": "00:03:13", "text": "it also could be pairing two of the"}, {"start": "00:03:09", "end": "00:03:15", "text": "global players in kind of bringing the"}, {"start": "00:03:13", "end": "00:03:17", "text": "market forward. So you look at investors"}, {"start": "00:03:15", "end": "00:03:19", "text": "now just taking a look at this in the"}, {"start": "00:03:17", "end": "00:03:22", "text": "sense of what Binance is going to have"}, {"start": "00:03:19", "end": "00:03:24", "text": "in terms of pairs. Uh and then of course"}, {"start": "00:03:22", "end": "00:03:27", "text": "circle doing so much in the way of"}, {"start": "00:03:24", "end": "00:03:30", "text": "really USDC and stable coin adoption. I"}, {"start": "00:03:27", "end": "00:03:32", "text": "think this is a big hopefully a big"}, {"start": "00:03:30", "end": "00:03:34", "text": "indicator that we continue to see"}, {"start": "00:03:32", "end": "00:03:36", "text": "movement here. And if you take a look at"}, {"start": "00:03:34", "end": "00:03:39", "text": "where we're talking in terms about talk"}, {"start": "00:03:36", "end": "00:03:41", "text": "stocks and ETFs, this of course has also"}, {"start": "00:03:39", "end": "00:03:44", "text": "been flying. You guys put out this right"}, {"start": "00:03:41", "end": "00:03:46", "text": "here. Can you explain a little bit about"}, {"start": "00:03:44", "end": "00:03:48", "text": "this for me?"}, {"start": "00:03:46", "end": "00:03:50", "text": ">> Uh as far as the stocks and ETFs"}, {"start": "00:03:48", "end": "00:03:51", "text": "offering, yes, is concerned. Yeah, I"}, {"start": "00:03:50", "end": "00:03:54", "text": "mean during the bit of the crypto"}, {"start": "00:03:51", "end": "00:03:56", "text": "winter, we saw people chasing yield and"}, {"start": "00:03:54", "end": "00:03:58", "text": "we saw people cha chasing traditional"}, {"start": "00:03:56", "end": "00:03:59", "text": "assets, our retail investors. And we"}, {"start": "00:03:58", "end": "00:04:01", "text": "serve over 100,000 high net worth"}, {"start": "00:03:59", "end": "00:04:03", "text": "clients across America, working"}, {"start": "00:04:01", "end": "00:04:06", "text": "professionals, guys like you and I, 40"}, {"start": "00:04:03", "end": "00:04:10", "text": "to 60 that aren't market experts."}, {"start": "00:04:06", "end": "00:04:12", "text": "They're not you know uh you know u"}, {"start": "00:04:10", "end": "00:04:14", "text": "experts at trading volatility and they"}, {"start": "00:04:12", "end": "00:04:16", "text": "wanted yield and they wanted traditional"}, {"start": "00:04:14", "end": "00:04:19", "text": "exposure. So we offered stocks and ETFs"}, {"start": "00:04:16", "end": "00:04:21", "text": "and it's been tremendous for us. We we"}, {"start": "00:04:19", "end": "00:04:23", "text": "our goal here is to make sure that we"}, {"start": "00:04:21", "end": "00:04:25", "text": "have less reasons for people to leave."}, {"start": "00:04:23", "end": "00:04:27", "text": "So we have a really secure platform"}, {"start": "00:04:25", "end": "00:04:29", "text": "right closed loop system. We give people"}, {"start": "00:04:27", "end": "00:04:32", "text": "you know diversification of you know"}, {"start": "00:04:29", "end": "00:04:35", "text": "stocks, ETFs, precious metals and crypto"}, {"start": "00:04:32", "end": "00:04:38", "text": "and uh and we give them phenomenal you"}, {"start": "00:04:35", "end": "00:04:39", "text": "know fivestar service and those are the"}, {"start": "00:04:38", "end": "00:04:42", "text": "things we're going to keep focusing on."}, {"start": "00:04:39", "end": "00:04:44", "text": "We don't have to invent new things uh to"}, {"start": "00:04:42", "end": "00:04:46", "text": "get people to and come up with gimmicky"}, {"start": "00:04:44", "end": "00:04:49", "text": "things. We're going to keep delivering"}, {"start": "00:04:46", "end": "00:04:51", "text": "security, diversification, and service"}, {"start": "00:04:49", "end": "00:04:53", "text": "and give people no reason to leave. And"}, {"start": "00:04:51", "end": "00:04:56", "text": "we can be the mini sort of everything"}, {"start": "00:04:53", "end": "00:04:58", "text": "app. And uh while Clarity acted in pass,"}, {"start": "00:04:56", "end": "00:05:00", "text": "I still believe the retail investors"}, {"start": "00:04:58", "end": "00:05:03", "text": "win. Circle is getting better"}, {"start": "00:05:00", "end": "00:05:05", "text": "distribution on USDC. The retail"}, {"start": "00:05:03", "end": "00:05:07", "text": "investors are getting higher yield than"}, {"start": "00:05:05", "end": "00:05:09", "text": "a bank. Banks lose, retail investors are"}, {"start": "00:05:07", "end": "00:05:11", "text": "winning."}, {"start": "00:05:09", "end": "00:05:13", "text": ">> Yeah. I think the the fact that we're"}, {"start": "00:05:11", "end": "00:05:14", "text": "seeing so much of that, you mentioned"}, {"start": "00:05:13", "end": "00:05:16", "text": "clarity. I'll just jump over to Poly"}, {"start": "00:05:14", "end": "00:05:18", "text": "Market right here. It looks like it's"}, {"start": "00:05:16", "end": "00:05:20", "text": "pretty much toast in terms of"}, {"start": "00:05:18", "end": "00:05:23", "text": "possibility of of actually getting"}, {"start": "00:05:20", "end": "00:05:25", "text": "through any kind of Congress even post"}, {"start": "00:05:23", "end": "00:05:28", "text": "midterms. Kevin, when you look at"}, {"start": "00:05:25", "end": "00:05:31", "text": "clarity not going through, what kind of"}, {"start": "00:05:28", "end": "00:05:33", "text": "result did that resolve within the ITR"}, {"start": "00:05:31", "end": "00:05:35", "text": "community? Was that like, okay, well, we"}, {"start": "00:05:33", "end": "00:05:38", "text": "actually have clarity now because now"}, {"start": "00:05:35", "end": "00:05:40", "text": "we're getting SEC and CFTC guidance. Was"}, {"start": "00:05:38", "end": "00:05:42", "text": "there inflow?"}, {"start": "00:05:40", "end": "00:05:44", "text": "Yeah, I mean we it didn't really affect"}, {"start": "00:05:42", "end": "00:05:46", "text": "us and we you know our platform is not"}, {"start": "00:05:44", "end": "00:05:48", "text": "red or blue. It's red, white and blue."}, {"start": "00:05:46", "end": "00:05:50", "text": "We have to perform and deliver"}, {"start": "00:05:48", "end": "00:05:52", "text": "shareholder value and create profits and"}, {"start": "00:05:50", "end": "00:05:55", "text": "be stable for everybody across the"}, {"start": "00:05:52", "end": "00:05:57", "text": "board. We wanted uh aspects of clarity"}, {"start": "00:05:55", "end": "00:05:59", "text": "to come through so that traditional"}, {"start": "00:05:57", "end": "00:06:01", "text": "finance institutions could feel more"}, {"start": "00:05:59", "end": "00:06:04", "text": "comfortable coming in and offering the"}, {"start": "00:06:01", "end": "00:06:06", "text": "masses access to crypto and uh that"}, {"start": "00:06:04", "end": "00:06:08", "text": "didn't happen. But at the end of the"}, {"start": "00:06:06", "end": "00:06:10", "text": "day, our clients are winning. Um, the"}, {"start": "00:06:08", "end": "00:06:12", "text": "institutions and retirement capital are"}, {"start": "00:06:10", "end": "00:06:14", "text": "still allocating. Everyday investors are"}, {"start": "00:06:12", "end": "00:06:16", "text": "allocating. The market is telling us"}, {"start": "00:06:14", "end": "00:06:18", "text": "that demand for digital assets now is"}, {"start": "00:06:16", "end": "00:06:20", "text": "bigger than ever. Uh, and bigger than"}, {"start": "00:06:18", "end": "00:06:21", "text": "any single bill."}, {"start": "00:06:20", "end": "00:06:23", "text": ">> Um, so we're we're, you know, really"}, {"start": "00:06:21", "end": "00:06:26", "text": "excited about that. I think the the"}, {"start": "00:06:23", "end": "00:06:29", "text": "takeaway here is that, you know, um, you"}, {"start": "00:06:26", "end": "00:06:31", "text": "know, policy delay isn't product delay."}, {"start": "00:06:29", "end": "00:06:33", "text": "We're still innovating. We're still"}, {"start": "00:06:31", "end": "00:06:35", "text": "offering products and services that"}, {"start": "00:06:33", "end": "00:06:37", "text": "benefit the retail masses. the working"}, {"start": "00:06:35", "end": "00:06:39", "text": "professionals and the banks will catch"}, {"start": "00:06:37", "end": "00:06:43", "text": "on. They're going to get the CFTC."}, {"start": "00:06:39", "end": "00:06:46", "text": "There's congruency with the CFTC, FDIC,"}, {"start": "00:06:43", "end": "00:06:47", "text": "SEC, FINRA is going to come around and"}, {"start": "00:06:46", "end": "00:06:49", "text": "we're seeing more congruency now than"}, {"start": "00:06:47", "end": "00:06:52", "text": "ever. That was sort of the regulatory"}, {"start": "00:06:49", "end": "00:06:54", "text": "backup that DC Washington DC mentioned."}, {"start": "00:06:52", "end": "00:06:56", "text": "Hey, if clarity doesn't pass, we still"}, {"start": "00:06:54", "end": "00:06:57", "text": "have congruency with the regulators that"}, {"start": "00:06:56", "end": "00:07:00", "text": "we control for the next two years, and"}, {"start": "00:06:57", "end": "00:07:01", "text": "they're going to operate in a congruent"}, {"start": "00:07:00", "end": "00:07:04", "text": "manner and do the right the right thing"}, {"start": "00:07:01", "end": "00:07:06", "text": "and give clarity based on genius. the"}, {"start": "00:07:04", "end": "00:07:09", "text": "Genius Act uh for everybody to"}, {"start": "00:07:06", "end": "00:07:10", "text": "participate and compete."}, {"start": "00:07:09", "end": "00:07:13", "text": ">> So, okay, I want to go back to the"}, {"start": "00:07:10", "end": "00:07:14", "text": "stocks and ETFs that uh are within the"}, {"start": "00:07:13", "end": "00:07:17", "text": "platform. Now, are these tokenized"}, {"start": "00:07:14", "end": "00:07:20", "text": "stocks within the platform itself?"}, {"start": "00:07:17", "end": "00:07:22", "text": ">> Not not yet. Um we're not an ATF. Uh so,"}, {"start": "00:07:20", "end": "00:07:24", "text": "we, you know, we're we're working with"}, {"start": "00:07:22", "end": "00:07:26", "text": "Apex, a broker dealer registered with"}, {"start": "00:07:24", "end": "00:07:29", "text": "FINRA, and the stocks and ETFs are all"}, {"start": "00:07:26", "end": "00:07:31", "text": "self-directed, and we in fact, they're"}, {"start": "00:07:29", "end": "00:07:33", "text": "commission free at iTrust Capital. But"}, {"start": "00:07:31", "end": "00:07:35", "text": "that was our way of offering traditional"}, {"start": "00:07:33", "end": "00:07:37", "text": "uh asset exposure to the retail"}, {"start": "00:07:35", "end": "00:07:40", "text": "investors while there was uncertainty in"}, {"start": "00:07:37", "end": "00:07:43", "text": "the crypto markets and so that was met"}, {"start": "00:07:40", "end": "00:07:45", "text": "with uh you know a warm reception and uh"}, {"start": "00:07:43", "end": "00:07:48", "text": "we'll look at tokenized assets over the"}, {"start": "00:07:45", "end": "00:07:50", "text": "next year or so as those become more"}, {"start": "00:07:48", "end": "00:07:52", "text": "ubiquitous and we understand sort of the"}, {"start": "00:07:50", "end": "00:07:54", "text": "regulatory component."}, {"start": "00:07:52", "end": "00:07:57", "text": ">> Okay. All right. So was it do you feel"}, {"start": "00:07:54", "end": "00:07:58", "text": "like it was clarity that slow if it did"}, {"start": "00:07:57", "end": "00:08:00", "text": "slow you down in terms of tokenized"}, {"start": "00:07:58", "end": "00:08:02", "text": "stocks or is this something that you"}, {"start": "00:08:00", "end": "00:08:04", "text": "just want to wait and see how this"}, {"start": "00:08:02", "end": "00:08:05", "text": "starts to evolve from a market"}, {"start": "00:08:04", "end": "00:08:07", "text": "standpoint?"}, {"start": "00:08:05", "end": "00:08:09", "text": ">> When when we see it become more"}, {"start": "00:08:07", "end": "00:08:12", "text": "ubiquitous across the board when we see"}, {"start": "00:08:09", "end": "00:08:13", "text": "235 trading, you know, with the standard"}, {"start": "00:08:12", "end": "00:08:15", "text": "traditional assets and we see these"}, {"start": "00:08:13", "end": "00:08:16", "text": "things getting tokenized, we're"}, {"start": "00:08:15", "end": "00:08:19", "text": "definitely going to go down that route"}, {"start": "00:08:16", "end": "00:08:21", "text": "and offer that to our clients. But right"}, {"start": "00:08:19", "end": "00:08:23", "text": "now, people just wanted exposure to"}, {"start": "00:08:21", "end": "00:08:26", "text": "SpaceX, Microsoft, and Nvidia. Yeah. In"}, {"start": "00:08:23", "end": "00:08:27", "text": "a traditional asset format."}, {"start": "00:08:26", "end": "00:08:28", "text": ">> All right. So, you have a new"}, {"start": "00:08:27", "end": "00:08:30", "text": "announcement says, \"Watching your gains"}, {"start": "00:08:28", "end": "00:08:34", "text": "disappear. Hit different when your only"}, {"start": "00:08:30", "end": "00:08:36", "text": "strategy is hold. It's time for Q coming"}, {"start": "00:08:34", "end": "00:08:37", "text": "in September.\" So, it's September. What"}, {"start": "00:08:36", "end": "00:08:41", "text": "can you share?"}, {"start": "00:08:37", "end": "00:08:43", "text": ">> Yeah, so we actually launched uh a Q, a"}, {"start": "00:08:41", "end": "00:08:46", "text": "product we developed yesterday. It's uh"}, {"start": "00:08:43", "end": "00:08:48", "text": "sort of early access, you know, limited"}, {"start": "00:08:46", "end": "00:08:50", "text": "capacity and uh we're really excited."}, {"start": "00:08:48", "end": "00:08:52", "text": "The backdrop for Q is not because"}, {"start": "00:08:50", "end": "00:08:54", "text": "Washington DC handed us, you know, an,"}, {"start": "00:08:52", "end": "00:08:56", "text": "you know, a perfect framework, but"}, {"start": "00:08:54", "end": "00:08:59", "text": "because, you know, retail investors"}, {"start": "00:08:56", "end": "00:09:01", "text": "still need a better way to sit in a 247"}, {"start": "00:08:59", "end": "00:09:03", "text": "market, uh, without living off of"}, {"start": "00:09:01", "end": "00:09:06", "text": "charts. Um, you know, I'll wake up at 3"}, {"start": "00:09:03", "end": "00:09:08", "text": "in the morning to let the dog out. Um,"}, {"start": "00:09:06", "end": "00:09:11", "text": "but I and I'll go check my Bitcoin"}, {"start": "00:09:08", "end": "00:09:13", "text": "position, but I'm not living up through"}, {"start": "00:09:11", "end": "00:09:17", "text": "the night checking every position every"}, {"start": "00:09:13", "end": "00:09:20", "text": "day. And you know, Q was developed for"}, {"start": "00:09:17", "end": "00:09:22", "text": "investors like me that aren't absolute"}, {"start": "00:09:20", "end": "00:09:23", "text": "experts, that aren't, you know,"}, {"start": "00:09:22", "end": "00:09:27", "text": "certainly not adept at trading"}, {"start": "00:09:23", "end": "00:09:30", "text": "volatility and uh wanted to participate"}, {"start": "00:09:27", "end": "00:09:32", "text": "in the markets. It's a quantitative u"}, {"start": "00:09:30", "end": "00:09:35", "text": "uh, you know, market trading tool. It's"}, {"start": "00:09:32", "end": "00:09:37", "text": "AI formulated with the human element"}, {"start": "00:09:35", "end": "00:09:41", "text": "with certain market signals and triggers"}, {"start": "00:09:37", "end": "00:09:44", "text": "that you know are predefined um you know"}, {"start": "00:09:41", "end": "00:09:46", "text": "uh parameters that will hit when uh"}, {"start": "00:09:44", "end": "00:09:49", "text": "certain things happen in the market. So"}, {"start": "00:09:46", "end": "00:09:52", "text": "you can literally be opting into Q for"}, {"start": "00:09:49", "end": "00:09:56", "text": "10 or $25,000. Anything under $25,000 is"}, {"start": "00:09:52", "end": "00:09:58", "text": "free each month. Uh no subscription. And"}, {"start": "00:09:56", "end": "00:10:00", "text": "uh the signals include trend volatility,"}, {"start": "00:09:58", "end": "00:10:01", "text": "relative strength, moving averages and"}, {"start": "00:10:00", "end": "00:10:04", "text": "cycle indicators. you know, the price of"}, {"start": "00:10:01", "end": "00:10:07", "text": "Bitcoin for mining, things like that."}, {"start": "00:10:04", "end": "00:10:09", "text": ">> So, and this is available to traders or"}, {"start": "00:10:07", "end": "00:10:10", "text": "to a select set of traders right now"}, {"start": "00:10:09", "end": "00:10:12", "text": "within"}, {"start": "00:10:10", "end": "00:10:14", "text": ">> it's available to anybody right now. We"}, {"start": "00:10:12", "end": "00:10:16", "text": "haven't really come out and put a press"}, {"start": "00:10:14", "end": "00:10:18", "text": "release out on it. We haven't This is"}, {"start": "00:10:16", "end": "00:10:19", "text": "the first time we're actually talking"}, {"start": "00:10:18", "end": "00:10:19", "text": "about it today."}, {"start": "00:10:19", "end": "00:10:21", "text": ">> Okay."}, {"start": "00:10:19", "end": "00:10:23", "text": ">> So, it's available. We're going to watch"}, {"start": "00:10:21", "end": "00:10:24", "text": "it for the next couple weeks. We'll put"}, {"start": "00:10:23", "end": "00:10:27", "text": "a press release out. There'll be a very"}, {"start": "00:10:24", "end": "00:10:29", "text": "large concerted marketing effort around,"}, {"start": "00:10:27", "end": "00:10:31", "text": "you know, TV, radio, things like that."}, {"start": "00:10:29", "end": "00:10:34", "text": "uh just to get some track record going."}, {"start": "00:10:31", "end": "00:10:36", "text": "It's not a fund, right? This is an optin"}, {"start": "00:10:34", "end": "00:10:38", "text": "strategy. There's eight different"}, {"start": "00:10:36", "end": "00:10:41", "text": "strategies that retail investors can opt"}, {"start": "00:10:38", "end": "00:10:44", "text": "into and select on their own and they"}, {"start": "00:10:41", "end": "00:10:47", "text": "can get out uh at any time. So, it's not"}, {"start": "00:10:44", "end": "00:10:49", "text": "a fund with redemption windows where you"}, {"start": "00:10:47", "end": "00:10:50", "text": "have to give us a one-mon heads up where"}, {"start": "00:10:49", "end": "00:10:53", "text": "we're charging, you know, two and 20"}, {"start": "00:10:50", "end": "00:10:56", "text": "like a hedge fund. This is a um a small"}, {"start": "00:10:53", "end": "00:10:58", "text": "subscription fee above $25,000 in"}, {"start": "00:10:56", "end": "00:11:00", "text": "assets. eight, you know, strategies to"}, {"start": "00:10:58", "end": "00:11:02", "text": "choose from, you know, predefined"}, {"start": "00:11:00", "end": "00:11:04", "text": "signals, and if they trigger in the"}, {"start": "00:11:02", "end": "00:11:06", "text": "marketplace, it'll trade for you."}, {"start": "00:11:04", "end": "00:11:07", "text": "Automatic trading, uh, in these Q"}, {"start": "00:11:06", "end": "00:11:10", "text": "strategies."}, {"start": "00:11:07", "end": "00:11:12", "text": ">> I like it. Hey, I want to go to, uh, a"}, {"start": "00:11:10", "end": "00:11:14", "text": "clip here because this gets into whether"}, {"start": "00:11:12", "end": "00:11:17", "text": "or not investors are trusting this"}, {"start": "00:11:14", "end": "00:11:19", "text": "market. Uh, this, of course, is"}, {"start": "00:11:17", "end": "00:11:21", "text": "Secretary Bessant talking about Kevin"}, {"start": "00:11:19", "end": "00:11:23", "text": "Walsh. Let me play this clip."}, {"start": "00:11:21", "end": "00:11:25", "text": ">> Inflation's been running too high. Maybe"}, {"start": "00:11:23", "end": "00:11:27", "text": "you think it's going to come down. Does"}, {"start": "00:11:25", "end": "00:11:29", "text": "the president understand what what what"}, {"start": "00:11:27", "end": "00:11:30", "text": "uh Kevin Worsh had to do? Do you agree"}, {"start": "00:11:29", "end": "00:11:32", "text": "with the move?"}, {"start": "00:11:30", "end": "00:11:35", "text": ">> Yeah, I I I'm not going to talk about"}, {"start": "00:11:32", "end": "00:11:37", "text": "whether I agree with it or not, but the"}, {"start": "00:11:35", "end": "00:11:39", "text": "I have great confidence in Sher Worsh."}, {"start": "00:11:37", "end": "00:11:41", "text": "More importantly, the president has"}, {"start": "00:11:39", "end": "00:11:43", "text": "great confidence in him. And we are sure"}, {"start": "00:11:41", "end": "00:11:46", "text": "that he will do the right thing to b"}, {"start": "00:11:43", "end": "00:11:49", "text": "balance the inflation mandate versus the"}, {"start": "00:11:46", "end": "00:11:53", "text": "growth mandate. And we'll see that you"}, {"start": "00:11:49", "end": "00:11:56", "text": "we we will see whether this is the a"}, {"start": "00:11:53", "end": "00:12:01", "text": "supply shock on the energy side but thus"}, {"start": "00:11:56", "end": "00:12:02", "text": "far a core inflation and uh we so we"}, {"start": "00:12:01", "end": "00:12:06", "text": "haven't seen an uptick in that."}, {"start": "00:12:02", "end": "00:12:09", "text": "Everything is in the headline inflation."}, {"start": "00:12:06", "end": "00:12:11", "text": ">> All right. So a few points there. One of"}, {"start": "00:12:09", "end": "00:12:14", "text": "course wars raising rates. Uh that was"}, {"start": "00:12:11", "end": "00:12:16", "text": "an indicator you had the SEC CFTC"}, {"start": "00:12:14", "end": "00:12:18", "text": "rolling out after the clarity fail."}, {"start": "00:12:16", "end": "00:12:20", "text": "There's a lot of moving parts in the"}, {"start": "00:12:18", "end": "00:12:25", "text": "market right now and it seems to be"}, {"start": "00:12:20", "end": "00:12:27", "text": "responding. Kevin and I'm looking at uh"}, {"start": "00:12:25", "end": "00:12:30", "text": "right now the Bitcoin ETF tracker. I"}, {"start": "00:12:27", "end": "00:12:32", "text": "mean, this thing absolutely skyrocketed."}, {"start": "00:12:30", "end": "00:12:33", "text": "Are you seeing this kind of activity"}, {"start": "00:12:32", "end": "00:12:36", "text": "within the Itrust platform where"}, {"start": "00:12:33", "end": "00:12:38", "text": "investors are just pulling money back"}, {"start": "00:12:36", "end": "00:12:40", "text": "off the sidelines and getting back into"}, {"start": "00:12:38", "end": "00:12:41", "text": "action here?"}, {"start": "00:12:40", "end": "00:12:42", "text": ">> Absolutely. Uh it's something I"}, {"start": "00:12:41", "end": "00:12:44", "text": "mentioned at the beginning of the call."}, {"start": "00:12:42", "end": "00:12:47", "text": "We're seeing uh you know we had we were"}, {"start": "00:12:44", "end": "00:12:50", "text": "sitting on 350 million in cash uh"}, {"start": "00:12:47", "end": "00:12:51", "text": "investor cash FBO uh investor cash and"}, {"start": "00:12:50", "end": "00:12:53", "text": "we're seeing significant portions of"}, {"start": "00:12:51", "end": "00:12:55", "text": "that going to work. So as I mentioned"}, {"start": "00:12:53", "end": "00:12:57", "text": "earlier the sentiments have changed. You"}, {"start": "00:12:55", "end": "00:13:00", "text": "know people are already in crypto."}, {"start": "00:12:57", "end": "00:13:02", "text": "There's 20 to 40 million American crypto"}, {"start": "00:13:00", "end": "00:13:04", "text": "investors. They believe in it. It's not"}, {"start": "00:13:02", "end": "00:13:06", "text": "going away. The Clarity Act doesn't"}, {"start": "00:13:04", "end": "00:13:10", "text": "really matter. The banks actually lose"}, {"start": "00:13:06", "end": "00:13:12", "text": "in my opinion. the investors win and uh"}, {"start": "00:13:10", "end": "00:13:14", "text": "at the end of the day, you know, we"}, {"start": "00:13:12", "end": "00:13:16", "text": "launched Q for those that uh you know,"}, {"start": "00:13:14", "end": "00:13:17", "text": "want to participate. They're already in,"}, {"start": "00:13:16", "end": "00:13:19", "text": "they just don't want to watch the market"}, {"start": "00:13:17", "end": "00:13:21", "text": "24/7."}, {"start": "00:13:19", "end": "00:13:24", "text": ">> Was has there been a time that you've"}, {"start": "00:13:21", "end": "00:13:26", "text": "seen that kind of of active assets get"}, {"start": "00:13:24", "end": "00:13:28", "text": "back into the market before or is this"}, {"start": "00:13:26", "end": "00:13:29", "text": "new?"}, {"start": "00:13:28", "end": "00:13:32", "text": ">> Uh this is the most cash we've been"}, {"start": "00:13:29", "end": "00:13:33", "text": "sitting on for a while and uh"}, {"start": "00:13:32", "end": "00:13:36", "text": "significant portions are going back to"}, {"start": "00:13:33", "end": "00:13:38", "text": "work, but we are always watching the"}, {"start": "00:13:36", "end": "00:13:41", "text": "indicators. We see every day the"}, {"start": "00:13:38", "end": "00:13:43", "text": "activity and behavior of 102,000"}, {"start": "00:13:41", "end": "00:13:45", "text": "high netw worth individuals and uh the"}, {"start": "00:13:43", "end": "00:13:47", "text": "masses are going to do what the masses"}, {"start": "00:13:45", "end": "00:13:49", "text": "are going to do and they are uh"}, {"start": "00:13:47", "end": "00:13:50", "text": "participating and allocating. It's very"}, {"start": "00:13:49", "end": "00:13:52", "text": "clear."}, {"start": "00:13:50", "end": "00:13:54", "text": ">> One thing is for sure we're starting to"}, {"start": "00:13:52", "end": "00:13:56", "text": "see movement within institutional"}, {"start": "00:13:54", "end": "00:13:59", "text": "capital. You have Bitwise Salana staking"}, {"start": "00:13:56", "end": "00:14:03", "text": "ETF now the world's largest soul ETF."}, {"start": "00:13:59", "end": "00:14:05", "text": "just recorded a new all-time high in AUM"}, {"start": "00:14:03", "end": "00:14:09", "text": "which is massive when you look at the"}, {"start": "00:14:05", "end": "00:14:11", "text": "fact that maybe staking is now becoming"}, {"start": "00:14:09", "end": "00:14:15", "text": "catnip for institutions. What do you"}, {"start": "00:14:11", "end": "00:14:17", "text": "what do you make of this right now?"}, {"start": "00:14:15", "end": "00:14:20", "text": ">> I think staking is an interesting tool."}, {"start": "00:14:17", "end": "00:14:23", "text": "We offer it on two assets. I think it's"}, {"start": "00:14:20", "end": "00:14:27", "text": "a way to not leverage or or hypothecate"}, {"start": "00:14:23", "end": "00:14:29", "text": "your assets and um and get some what"}, {"start": "00:14:27", "end": "00:14:31", "text": "looks to be pretty reasonable yield. Um"}, {"start": "00:14:29", "end": "00:14:32", "text": "you know, you got to measure five times"}, {"start": "00:14:31", "end": "00:14:34", "text": "and cut once and and make sure that"}, {"start": "00:14:32", "end": "00:14:37", "text": "whoever you're staking with is doing the"}, {"start": "00:14:34", "end": "00:14:38", "text": "right thing for your assets. Uh at the"}, {"start": "00:14:37", "end": "00:14:40", "text": "end of the day, I think people are"}, {"start": "00:14:38", "end": "00:14:43", "text": "really just fatigued by the market."}, {"start": "00:14:40", "end": "00:14:45", "text": "They're tired of the political um"}, {"start": "00:14:43", "end": "00:14:48", "text": "ecosystem. They're tired of the"}, {"start": "00:14:45", "end": "00:14:51", "text": "macroeconomic global instability inputs."}, {"start": "00:14:48", "end": "00:14:53", "text": "uh you know endless wars and they are"}, {"start": "00:14:51", "end": "00:14:56", "text": "tired of trying to time the market. Um"}, {"start": "00:14:53", "end": "00:14:59", "text": "we've all been burned at some point in"}, {"start": "00:14:56", "end": "00:15:01", "text": "the digital arena uh down 50 to 70 90%"}, {"start": "00:14:59", "end": "00:15:03", "text": "in some asset cases multiple times"}, {"start": "00:15:01", "end": "00:15:04", "text": "depending on the cycles and how long"}, {"start": "00:15:03", "end": "00:15:06", "text": "you've been in. I think people are"}, {"start": "00:15:04", "end": "00:15:08", "text": "fatigued. They're looking for a little"}, {"start": "00:15:06", "end": "00:15:08", "text": "bit of stability and a little bit of"}, {"start": "00:15:08", "end": "00:15:12", "text": "breath."}, {"start": "00:15:08", "end": "00:15:13", "text": ">> So do you think that the rotation is now"}, {"start": "00:15:12", "end": "00:15:17", "text": "moving? You've got ETH looking very"}, {"start": "00:15:13", "end": "00:15:19", "text": "strong against the Russell 2000. So this"}, {"start": "00:15:17", "end": "00:15:21", "text": "could be happening right now versus what"}, {"start": "00:15:19", "end": "00:15:25", "text": "we're seeing tradi"}, {"start": "00:15:21", "end": "00:15:27", "text": "has the rotation started for crypto"}, {"start": "00:15:25", "end": "00:15:29", "text": ">> I believe so I mean we're seeing uh"}, {"start": "00:15:27", "end": "00:15:31", "text": "significant interest in you know large"}, {"start": "00:15:29", "end": "00:15:35", "text": "tokens this is not a recommendation but"}, {"start": "00:15:31", "end": "00:15:37", "text": "obviously bitcoin e soul link you know"}, {"start": "00:15:35", "end": "00:15:41", "text": "um smaller ones like and sui we're"}, {"start": "00:15:37", "end": "00:15:44", "text": "seeing a lot of people jump into uh xm"}, {"start": "00:15:41", "end": "00:15:47", "text": "near uh there's been a lot of interest"}, {"start": "00:15:44", "end": "00:15:49", "text": "obviously in hype and zcash cash. Uh"}, {"start": "00:15:47", "end": "00:15:51", "text": "it's it's it's really interesting to see"}, {"start": "00:15:49", "end": "00:15:53", "text": "where assets are going and and then"}, {"start": "00:15:51", "end": "00:15:55", "text": "we're seeing memecoin, you know, t tick"}, {"start": "00:15:53", "end": "00:15:56", "text": "up a little bit, some activity there as"}, {"start": "00:15:55", "end": "00:15:58", "text": "well."}, {"start": "00:15:56", "end": "00:16:01", "text": "Speaking of memecoins, this obviously"}, {"start": "00:15:58", "end": "00:16:03", "text": "rolled out around a stock. This is him"}, {"start": "00:16:01", "end": "00:16:07", "text": "that just launched. This is a CEO of a"}, {"start": "00:16:03", "end": "00:16:08", "text": "publicly traded company. Uh and it was"}, {"start": "00:16:07", "end": "00:16:09", "text": "interesting because there was a"}, {"start": "00:16:08", "end": "00:16:11", "text": "memecoin. I won't say the word here, but"}, {"start": "00:16:09", "end": "00:16:12", "text": "you can see it if you know anything"}, {"start": "00:16:11", "end": "00:16:14", "text": "about hymns to have a little fun with"}, {"start": "00:16:12", "end": "00:16:16", "text": "it. But the point is is that now that"}, {"start": "00:16:14", "end": "00:16:19", "text": "you've got tokenized stocks, there's"}, {"start": "00:16:16", "end": "00:16:22", "text": "ecosystems that are developing around"}, {"start": "00:16:19", "end": "00:16:24", "text": "these tokenized stocks that are now"}, {"start": "00:16:22", "end": "00:16:26", "text": "starting to trade. So this could happen"}, {"start": "00:16:24", "end": "00:16:28", "text": "around Tesla. This could happen around,"}, {"start": "00:16:26", "end": "00:16:30", "text": "you know, McDonald's, who you name the"}, {"start": "00:16:28", "end": "00:16:33", "text": "tokenized stock potentially that's going"}, {"start": "00:16:30", "end": "00:16:36", "text": "to roll out. You could have a dozen or"}, {"start": "00:16:33", "end": "00:16:37", "text": "more coins starting to trade in paris"}, {"start": "00:16:36", "end": "00:16:39", "text": "with this. Do you think that is going to"}, {"start": "00:16:37", "end": "00:16:41", "text": "be a trend that really takes off in this"}, {"start": "00:16:39", "end": "00:16:43", "text": "particular bull run?"}, {"start": "00:16:41", "end": "00:16:46", "text": ">> I do. I think in the next 18 months,"}, {"start": "00:16:43", "end": "00:16:47", "text": "we're going to see significant changes"}, {"start": "00:16:46", "end": "00:16:49", "text": "even without the Clarity Act. You're"}, {"start": "00:16:47", "end": "00:16:51", "text": "going to see Trafi adoption. You're"}, {"start": "00:16:49", "end": "00:16:53", "text": "going to see them open up the Kimono to"}, {"start": "00:16:51", "end": "00:16:54", "text": "the retail masses. They're going to"}, {"start": "00:16:53", "end": "00:16:56", "text": "educate them. They're going to spend"}, {"start": "00:16:54", "end": "00:16:57", "text": "money on marketing. They're going to try"}, {"start": "00:16:56", "end": "00:17:00", "text": "to get their clients into crypto to keep"}, {"start": "00:16:57", "end": "00:17:01", "text": "them on their platform. Uh so, if you"}, {"start": "00:17:00", "end": "00:17:03", "text": "don't offer it, you're not going to"}, {"start": "00:17:01", "end": "00:17:05", "text": "compete. And I think the tokenized uh"}, {"start": "00:17:03", "end": "00:17:07", "text": "you know wrapping a tokenized story"}, {"start": "00:17:05", "end": "00:17:10", "text": "around existing stocks is going to"}, {"start": "00:17:07", "end": "00:17:14", "text": "become a real big uh thing over the next"}, {"start": "00:17:10", "end": "00:17:16", "text": "18 months before any major ATS takes"}, {"start": "00:17:14", "end": "00:17:18", "text": "over with volume and controls the whole"}, {"start": "00:17:16", "end": "00:17:20", "text": "sort of ecosystem. And these are steps"}, {"start": "00:17:18", "end": "00:17:22", "text": "towards getting everything tokenized uh"}, {"start": "00:17:20", "end": "00:17:23", "text": "247 around the clock to me in my"}, {"start": "00:17:22", "end": "00:17:25", "text": "opinion."}, {"start": "00:17:23", "end": "00:17:27", "text": ">> Yeah. And I think this is it's legit"}, {"start": "00:17:25", "end": "00:17:30", "text": "because what you're looking at this is a"}, {"start": "00:17:27", "end": "00:17:34", "text": "good example. hymns actually had its"}, {"start": "00:17:30", "end": "00:17:37", "text": "volume driven 2% because of some some of"}, {"start": "00:17:34", "end": "00:17:39", "text": "these meme activities that were taking"}, {"start": "00:17:37", "end": "00:17:42", "text": "place. And think of it this way, guys."}, {"start": "00:17:39", "end": "00:17:44", "text": "You've got a stock that is now tokenized"}, {"start": "00:17:42", "end": "00:17:46", "text": "and then within that token tokenized"}, {"start": "00:17:44", "end": "00:17:49", "text": "stock, there's an ecosystem around it"}, {"start": "00:17:46", "end": "00:17:51", "text": "which is trading which is driving more"}, {"start": "00:17:49", "end": "00:17:53", "text": "activity on that tokenized stock which"}, {"start": "00:17:51", "end": "00:17:56", "text": "is correlated to the actual traditional"}, {"start": "00:17:53", "end": "00:17:58", "text": "finance stock. So in essence, you've got"}, {"start": "00:17:56", "end": "00:18:00", "text": "meme projects out there that are"}, {"start": "00:17:58", "end": "00:18:02", "text": "essentially driving a lot of this"}, {"start": "00:18:00", "end": "00:18:05", "text": "activity and it's flowing over to Wall"}, {"start": "00:18:02", "end": "00:18:07", "text": "Street in a dramatic way. So this could"}, {"start": "00:18:05", "end": "00:18:09", "text": "this is helping traders on Wall Street"}, {"start": "00:18:07", "end": "00:18:11", "text": "as well. Do you think you think Trafi"}, {"start": "00:18:09", "end": "00:18:12", "text": "understands this?"}, {"start": "00:18:11", "end": "00:18:14", "text": ">> I mean, at the end of the day, the"}, {"start": "00:18:12", "end": "00:18:16", "text": "trains lost left the station. Big things"}, {"start": "00:18:14", "end": "00:18:17", "text": "are happening. If you're Trafi and"}, {"start": "00:18:16", "end": "00:18:19", "text": "you're not on board, you're missing out."}, {"start": "00:18:17", "end": "00:18:21", "text": "All of the big banks we've been speaking"}, {"start": "00:18:19", "end": "00:18:23", "text": "to, uh, I have to hand it to them."}, {"start": "00:18:21", "end": "00:18:25", "text": "They're all excited about the potential."}, {"start": "00:18:23", "end": "00:18:27", "text": "they're all moving forward developing"}, {"start": "00:18:25", "end": "00:18:29", "text": "some products or services. They are it's"}, {"start": "00:18:27", "end": "00:18:30", "text": "happening. Uh I think the clarity act"}, {"start": "00:18:29", "end": "00:18:32", "text": "was going to give people a little bit"}, {"start": "00:18:30", "end": "00:18:35", "text": "more comfort and clarity but you don't"}, {"start": "00:18:32", "end": "00:18:37", "text": "need it uh to operate in a responsible"}, {"start": "00:18:35", "end": "00:18:41", "text": "way. The assets stay at ITR capital. We"}, {"start": "00:18:37", "end": "00:18:44", "text": "don't lend loan leverage rehypothecate."}, {"start": "00:18:41", "end": "00:18:47", "text": "Uh it stays at ITR capital and um you"}, {"start": "00:18:44", "end": "00:18:49", "text": "know uh multiple strategies can run at"}, {"start": "00:18:47", "end": "00:18:51", "text": "the same time. Um, some trade"}, {"start": "00:18:49", "end": "00:18:54", "text": "frequently, some are a little bit more"}, {"start": "00:18:51", "end": "00:18:56", "text": "buy and hold, and uh, others respond as"}, {"start": "00:18:54", "end": "00:18:58", "text": "conditions changes, these predefined"}, {"start": "00:18:56", "end": "00:18:59", "text": "market signals or triggers I talked"}, {"start": "00:18:58", "end": "00:19:01", "text": "about."}, {"start": "00:18:59", "end": "00:19:02", "text": ">> Kevin Maloney coming in from my Trust"}, {"start": "00:19:01", "end": "00:19:05", "text": "Capital. Guys, we're going to continue"}, {"start": "00:19:02", "end": "00:19:06", "text": "to watch the market here uh, very close"}, {"start": "00:19:05", "end": "00:19:07", "text": "because things are starting to move"}, {"start": "00:19:06", "end": "00:19:08", "text": "here. Kevin, thanks for coming in today."}, {"start": "00:19:07", "end": "00:19:10", "text": "We appreciate it."}, {"start": "00:19:08", "end": "00:19:13", "text": ">> Thanks, Paul. Good to see you again."}, {"start": "00:19:10", "end": "00:19:13", "text": "Appreciate it."}, {"start": "00:19:17", "end": "00:19:21", "text": "If you like this video, hit like and"}, {"start": "00:19:19", "end": "00:19:24", "text": "subscribe. Drop a comment down below and"}, {"start": "00:19:21", "end": "00:19:27", "text": "also join our free private member group."}, {"start": "00:19:24", "end": "00:19:27", "text": "The link is in the description."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "sentiment is erupting and the market is"}, {"start": "00:00:02", "end": "00:00:04", "text": "starting to move. Let's break it down"}, {"start": "00:00:03", "end": "00:00:06", "text": "today. It's going to be a good one."}, {"start": "00:00:04", "end": "00:00:08", "text": "Before we get started, I want to thank"}, {"start": "00:00:06", "end": "00:00:11", "text": "our sponsor and that's EtherFi where you"}, {"start": "00:00:08", "end": "00:00:12", "text": "guys can earn cash back as well as doing"}, {"start": "00:00:11", "end": "00:00:15", "text": "tokenized stock trades. All of this is"}, {"start": "00:00:12", "end": "00:00:18", "text": "available over on Ether. Be smart money."}, {"start": "00:00:15", "end": "00:00:20", "text": "A ton of features built for every asset."}, {"start": "00:00:18", "end": "00:00:23", "text": "You get to spend on this. There's a"}, {"start": "00:00:20", "end": "00:00:25", "text": "whole slew of personal and business core"}, {"start": "00:00:23", "end": "00:00:28", "text": "platforms that you can use. Whether you"}, {"start": "00:00:25", "end": "00:00:30", "text": "get into making it kind of your own new"}, {"start": "00:00:28", "end": "00:00:32", "text": "bank or whether or not you want to use"}, {"start": "00:00:30", "end": "00:00:35", "text": "this as a business platform or even Lux"}, {"start": "00:00:32", "end": "00:00:37", "text": "up and get into some of the better uh"}, {"start": "00:00:35", "end": "00:00:39", "text": "yielding platforms that are out there."}, {"start": "00:00:37", "end": "00:00:41", "text": "So check out Etherfi. All you have to do"}, {"start": "00:00:39", "end": "00:00:43", "text": "is visit it, etherfi.com. Use our link"}, {"start": "00:00:41", "end": "00:00:45", "text": "down below. It's going to get you set up"}, {"start": "00:00:43", "end": "00:00:47", "text": "and you guys can get started where you"}, {"start": "00:00:45", "end": "00:00:50", "text": "can get away from the banks. Not"}, {"start": "00:00:47", "end": "00:00:52", "text": "everybody is happy about this pump. Here"}, {"start": "00:00:50", "end": "00:00:53", "text": "are some Bitcoin maxis. Take a look."}, {"start": "00:00:52", "end": "00:00:55", "text": ">> Two ways I can confirm that bull season"}, {"start": "00:00:53", "end": "00:00:56", "text": "has started because Joy is not the only"}, {"start": "00:00:55", "end": "00:00:58", "text": "one making terrible decisions. Taking a"}, {"start": "00:00:56", "end": "00:01:01", "text": "look at the broader crypto map here."}, {"start": "00:00:58", "end": "00:01:03", "text": "Look at all that [�__�] pumping today."}, {"start": "00:01:01", "end": "00:01:04", "text": "There is no value at any of that crap"}, {"start": "00:01:03", "end": "00:01:06", "text": "whatsoever. And that is beyond"}, {"start": "00:01:04", "end": "00:01:07", "text": "established at this point. So it"}, {"start": "00:01:06", "end": "00:01:09", "text": "definitely feels like yeah, we have some"}, {"start": "00:01:07", "end": "00:01:11", "text": "uninformed people returning to the"}, {"start": "00:01:09", "end": "00:01:13", "text": "market. XRP at 9%. Get the [�__�] out of"}, {"start": "00:01:11", "end": "00:01:15", "text": "here with your goddamn stable coin. Like"}, {"start": "00:01:13", "end": "00:01:17", "text": "that is just going to tank a little bit"}, {"start": "00:01:15", "end": "00:01:19", "text": "later on as it always does. But hey, I"}, {"start": "00:01:17", "end": "00:01:21", "text": "uh I unlike Joey do not own any of the"}, {"start": "00:01:19", "end": "00:01:23", "text": "strategy products and we'll get"}, {"start": "00:01:21", "end": "00:01:25", "text": ">> All right, so there you have it. Uh it's"}, {"start": "00:01:23", "end": "00:01:28", "text": "always the same. Uh but of course XRP on"}, {"start": "00:01:25", "end": "00:01:30", "text": "the battlefield out there and overtaking"}, {"start": "00:01:28", "end": "00:01:32", "text": "with one of the higher performances over"}, {"start": "00:01:30", "end": "00:01:33", "text": "the last few days and other things are"}, {"start": "00:01:32", "end": "00:01:36", "text": "happening that are starting to move the"}, {"start": "00:01:33", "end": "00:01:37", "text": "market right now. The the crypto fear"}, {"start": "00:01:36", "end": "00:01:40", "text": "and greed is kind of interesting right"}, {"start": "00:01:37", "end": "00:01:44", "text": "here. Look at that guys. That's extreme"}, {"start": "00:01:40", "end": "00:01:46", "text": "greed coming in at 78. You juxtaposed"}, {"start": "00:01:44", "end": "00:01:48", "text": "this a little bit and let's take a look"}, {"start": "00:01:46", "end": "00:01:53", "text": "at stocks. Fear and greed right now"}, {"start": "00:01:48", "end": "00:01:56", "text": "sitting at fear at 36. So the rotation"}, {"start": "00:01:53", "end": "00:01:58", "text": "is severely in play and I think many"}, {"start": "00:01:56", "end": "00:01:59", "text": "players are starting to understand the"}, {"start": "00:01:58", "end": "00:02:01", "text": "future is starting to look at digital"}, {"start": "00:01:59", "end": "00:02:04", "text": "assets. Let's go to a clip real quick"}, {"start": "00:02:01", "end": "00:02:06", "text": "because this will get into a face ripper"}, {"start": "00:02:04", "end": "00:02:10", "text": "coming from Tom Lee."}, {"start": "00:02:06", "end": "00:02:12", "text": ">> Was there a a catalyst I missed? What"}, {"start": "00:02:10", "end": "00:02:15", "text": "happened Brian? I think last week was"}, {"start": "00:02:12", "end": "00:02:18", "text": "maximum pain, maximum pressure because"}, {"start": "00:02:15", "end": "00:02:21", "text": "we had a Fed hiking very hawkishly and"}, {"start": "00:02:18", "end": "00:02:23", "text": "now we have a maximum hawkish Fed that"}, {"start": "00:02:21", "end": "00:02:26", "text": "could walk back. And so I I think it is"}, {"start": "00:02:23", "end": "00:02:28", "text": "all the ingredients for a face rippers"}, {"start": "00:02:26", "end": "00:02:29", "text": "and I know our clients were de-risking."}, {"start": "00:02:28", "end": "00:02:30", "text": "There's been a lot of de-risisking"}, {"start": "00:02:29", "end": "00:02:33", "text": "because they don't want to be buying"}, {"start": "00:02:30", "end": "00:02:35", "text": "stocks into a rising Fed. So I think"}, {"start": "00:02:33", "end": "00:02:37", "text": "people are off sides. I I think that"}, {"start": "00:02:35", "end": "00:02:39", "text": "this is the potential to take the S&P um"}, {"start": "00:02:37", "end": "00:02:42", "text": "above 8,000 before the end of the month."}, {"start": "00:02:39", "end": "00:02:45", "text": "But but you have AMD hitting a1 trillion"}, {"start": "00:02:42", "end": "00:02:48", "text": "market cap today. You've got Meta up 25%"}, {"start": "00:02:45", "end": "00:02:50", "text": "this month. Intel up 35% this month and"}, {"start": "00:02:48", "end": "00:02:52", "text": "the last time I checked it was up 11%."}, {"start": "00:02:50", "end": "00:02:55", "text": "So what what gives you the confidence"}, {"start": "00:02:52", "end": "00:02:57", "text": "that there's still room to run here?"}, {"start": "00:02:55", "end": "00:02:59", "text": ">> Well, I mean these are examples of names"}, {"start": "00:02:57", "end": "00:03:00", "text": "that people wrote off since end of June."}, {"start": "00:02:59", "end": "00:03:02", "text": "I I not only do I think there's"}, {"start": "00:03:00", "end": "00:03:04", "text": "leadership coming from there, but as you"}, {"start": "00:03:02", "end": "00:03:06", "text": "know, crypto moves typically lead S&P"}, {"start": "00:03:04", "end": "00:03:08", "text": "moves by about a month. And you know,"}, {"start": "00:03:06", "end": "00:03:09", "text": "crypto made a pretty big move in August."}, {"start": "00:03:08", "end": "00:03:11", "text": "And I think that's why we're seeing"}, {"start": "00:03:09", "end": "00:03:13", "text": "equities in September."}, {"start": "00:03:11", "end": "00:03:15", "text": ">> All right, equity equities in September."}, {"start": "00:03:13", "end": "00:03:17", "text": "Uh you look at the US government,"}, {"start": "00:03:15", "end": "00:03:21", "text": "they're up 44 billion on their"}, {"start": "00:03:17", "end": "00:03:24", "text": "investment in Intel. And remember guys,"}, {"start": "00:03:21", "end": "00:03:27", "text": "this is crazy. It's a 9.9% stake. This"}, {"start": "00:03:24", "end": "00:03:31", "text": "is sitting now at 8.9 billion. For the"}, {"start": "00:03:27", "end": "00:03:35", "text": "9.9%, Intel is currently trading at 121,"}, {"start": "00:03:31", "end": "00:03:38", "text": "which is worth approximately 52 billion."}, {"start": "00:03:35", "end": "00:03:42", "text": "So uh this represents an unrealized gain"}, {"start": "00:03:38", "end": "00:03:44", "text": "of 44 billion or almost 500% in 13"}, {"start": "00:03:42", "end": "00:03:45", "text": "months. Who is trading for the for the"}, {"start": "00:03:44", "end": "00:03:47", "text": "government is what I would figure out."}, {"start": "00:03:45", "end": "00:03:49", "text": "Of course, if you have the inside track,"}, {"start": "00:03:47", "end": "00:03:51", "text": "that's usually the case. Other things"}, {"start": "00:03:49", "end": "00:03:53", "text": "that are happening, Meta is ripping and"}, {"start": "00:03:51", "end": "00:03:56", "text": "of course part of this is driven off of"}, {"start": "00:03:53", "end": "00:03:58", "text": "Meta's new move into AI. Muse's breakout"}, {"start": "00:03:56", "end": "00:04:02", "text": "is giving investors a clear evidence"}, {"start": "00:03:58", "end": "00:04:04", "text": "that Meta is maybe a huge step forward."}, {"start": "00:04:02", "end": "00:04:06", "text": "And this could be one of the things that"}, {"start": "00:04:04", "end": "00:04:08", "text": "really starts to bridge the gap between"}, {"start": "00:04:06", "end": "00:04:11", "text": "everyday, you know, people out there and"}, {"start": "00:04:08", "end": "00:04:13", "text": "AI. JP Morgan says Meta Muse could"}, {"start": "00:04:11", "end": "00:04:16", "text": "become the most used consumer AI app"}, {"start": "00:04:13", "end": "00:04:18", "text": "since Chat GPT. And there you go. This"}, {"start": "00:04:16", "end": "00:04:20", "text": "could be another one that could get one"}, {"start": "00:04:18", "end": "00:04:23", "text": "of the fastest moves to a million users."}, {"start": "00:04:20", "end": "00:04:25", "text": "So, watch this very closely. Uh, Meta"}, {"start": "00:04:23", "end": "00:04:28", "text": "could be on the way very soon. When you"}, {"start": "00:04:25", "end": "00:04:30", "text": "look at AI in traditional finance and"}, {"start": "00:04:28", "end": "00:04:33", "text": "you try to look at the comparison within"}, {"start": "00:04:30", "end": "00:04:35", "text": "digital assets, look no further than NER"}, {"start": "00:04:33", "end": "00:04:38", "text": "heading into nosebleleed territory right"}, {"start": "00:04:35", "end": "00:04:40", "text": "now. They are now partnering with to"}, {"start": "00:04:38", "end": "00:04:43", "text": "bring tokenized US stocks and ETFs to"}, {"start": "00:04:40", "end": "00:04:45", "text": "Near. This of course will be another"}, {"start": "00:04:43", "end": "00:04:47", "text": "major move. Near is one of the key"}, {"start": "00:04:45", "end": "00:04:49", "text": "competitors out there when it comes to"}, {"start": "00:04:47", "end": "00:04:51", "text": "AI and crypto. These are the things that"}, {"start": "00:04:49", "end": "00:04:53", "text": "people are watching. I think this is"}, {"start": "00:04:51", "end": "00:04:55", "text": "just another move for near which has"}, {"start": "00:04:53", "end": "00:04:58", "text": "been in the play for a while. Uh Salana"}, {"start": "00:04:55", "end": "00:05:00", "text": "getting ready to flip NASDAQ. Yeah,"}, {"start": "00:04:58", "end": "00:05:03", "text": "that's I'm saying that out loud, guys."}, {"start": "00:05:00", "end": "00:05:05", "text": "Salana, the bell rang 4 hours ago. These"}, {"start": "00:05:03", "end": "00:05:07", "text": "guys are absolutely ripping and it looks"}, {"start": "00:05:05", "end": "00:05:09", "text": "like it won't be long before Salana"}, {"start": "00:05:07", "end": "00:05:12", "text": "starts to take over the trading"}, {"start": "00:05:09", "end": "00:05:15", "text": "compound. And remember, there are a lot"}, {"start": "00:05:12", "end": "00:05:17", "text": "of new investors in this cycle. This may"}, {"start": "00:05:15", "end": "00:05:20", "text": "be one of the most demographically"}, {"start": "00:05:17", "end": "00:05:23", "text": "challenged cycles that we have seen ever"}, {"start": "00:05:20", "end": "00:05:26", "text": "and it may be the one where finally"}, {"start": "00:05:23", "end": "00:05:28", "text": "Dens, Gen Z's, Gen Y and even maybe to a"}, {"start": "00:05:26", "end": "00:05:31", "text": "certain extent millennials will start to"}, {"start": "00:05:28", "end": "00:05:33", "text": "dictate how this market goes. So be"}, {"start": "00:05:31", "end": "00:05:35", "text": "watching Salana very closely. They could"}, {"start": "00:05:33", "end": "00:05:38", "text": "be driving all of this going forward."}, {"start": "00:05:35", "end": "00:05:40", "text": "Jupiter jumps out in front. And of"}, {"start": "00:05:38", "end": "00:05:42", "text": "course, if you're not staking Jupiter"}, {"start": "00:05:40", "end": "00:05:45", "text": "right now, you should be just 69 JUP and"}, {"start": "00:05:42", "end": "00:05:48", "text": "you can go out and trade per which are"}, {"start": "00:05:45", "end": "00:05:50", "text": "live on Jupiter today. This is another"}, {"start": "00:05:48", "end": "00:05:52", "text": "thing that I'm watching very closely and"}, {"start": "00:05:50", "end": "00:05:54", "text": "that is how these markets are responding"}, {"start": "00:05:52", "end": "00:05:56", "text": "to these kind of moves and strategy"}, {"start": "00:05:54", "end": "00:05:58", "text": "coming in from some of the I think most"}, {"start": "00:05:56", "end": "00:06:01", "text": "some of the most storied projects out"}, {"start": "00:05:58", "end": "00:06:03", "text": "there within crypto. This is a big news"}, {"start": "00:06:01", "end": "00:06:05", "text": "story because it it really involves the"}, {"start": "00:06:03", "end": "00:06:08", "text": "two titans of industry when it comes to"}, {"start": "00:06:05", "end": "00:06:11", "text": "Binance and Circle. And this is a hund00"}, {"start": "00:06:08", "end": "00:06:13", "text": "million deal which essentially is"}, {"start": "00:06:11", "end": "00:06:15", "text": "investing into equity and under a"}, {"start": "00:06:13", "end": "00:06:17", "text": "strategic partnership. This is going to"}, {"start": "00:06:15", "end": "00:06:19", "text": "go for 5 years. So think about this"}, {"start": "00:06:17", "end": "00:06:22", "text": "right now. Binance has had a little bit"}, {"start": "00:06:19", "end": "00:06:24", "text": "of a visibility problem in the US."}, {"start": "00:06:22", "end": "00:06:27", "text": "Circle is looking for distribution."}, {"start": "00:06:24", "end": "00:06:29", "text": "Binance is a global distribution hub."}, {"start": "00:06:27", "end": "00:06:31", "text": "This could be a perfect match made in"}, {"start": "00:06:29", "end": "00:06:33", "text": "heaven. And of course, this helps with"}, {"start": "00:06:31", "end": "00:06:36", "text": "Circle in its ability to reach the rest"}, {"start": "00:06:33", "end": "00:06:39", "text": "of the world. And it helps Binance maybe"}, {"start": "00:06:36", "end": "00:06:40", "text": "in being able to come into the US in a"}, {"start": "00:06:39", "end": "00:06:43", "text": "new structure going forward. If you look"}, {"start": "00:06:40", "end": "00:06:45", "text": "at where they bought, this right here is"}, {"start": "00:06:43", "end": "00:06:46", "text": "the point right around 80 bucks. Nice"}, {"start": "00:06:45", "end": "00:06:49", "text": "little move by Binance buying a 100"}, {"start": "00:06:46", "end": "00:06:51", "text": "million in stock and of course it's"}, {"start": "00:06:49", "end": "00:06:53", "text": "already up about 25%. So a nice move"}, {"start": "00:06:51", "end": "00:06:56", "text": "there and of course I think this helps"}, {"start": "00:06:53", "end": "00:06:58", "text": "both companies in a big way. UniS swap"}, {"start": "00:06:56", "end": "00:07:01", "text": "got another flyer with this partnership"}, {"start": "00:06:58", "end": "00:07:04", "text": "uh with CME Group which launches BCH now"}, {"start": "00:07:01", "end": "00:07:05", "text": "and UNI both futures available and this"}, {"start": "00:07:04", "end": "00:07:08", "text": "is coming just around the corner in"}, {"start": "00:07:05", "end": "00:07:09", "text": "October. So get ready for that one. You"}, {"start": "00:07:08", "end": "00:07:12", "text": "know that the market is back when you"}, {"start": "00:07:09", "end": "00:07:15", "text": "start to see this Crypto Punks Boogles"}, {"start": "00:07:12", "end": "00:07:18", "text": "Snarks all starting to record trading"}, {"start": "00:07:15", "end": "00:07:21", "text": "volume as the NFT market is now"}, {"start": "00:07:18", "end": "00:07:22", "text": "reawoken. So are you guys trading NFTs?"}, {"start": "00:07:21", "end": "00:07:24", "text": "If you are let me know what's your"}, {"start": "00:07:22", "end": "00:07:27", "text": "favorite NFT. Are you a Clinosaur guy?"}, {"start": "00:07:24", "end": "00:07:29", "text": "Are you a crypto punk? What are you down"}, {"start": "00:07:27", "end": "00:07:30", "text": "in the comments below? Love to hear it."}, {"start": "00:07:29", "end": "00:07:33", "text": "The other thing that I'm watching right"}, {"start": "00:07:30", "end": "00:07:35", "text": "now is the aftermath of clarity. And"}, {"start": "00:07:33", "end": "00:07:37", "text": "this is something that was a little"}, {"start": "00:07:35", "end": "00:07:40", "text": "surprising and that was some sneaky"}, {"start": "00:07:37", "end": "00:07:42", "text": "Republicans supporting a bankfriendly"}, {"start": "00:07:40", "end": "00:07:47", "text": "stable coin amendment hours before the"}, {"start": "00:07:42", "end": "00:07:50", "text": "Clarity Act vote. So in reality, that 49"}, {"start": "00:07:47", "end": "00:07:53", "text": "vote could have been much lower than"}, {"start": "00:07:50", "end": "00:07:56", "text": "what we had. So in reality, this was"}, {"start": "00:07:53", "end": "00:07:57", "text": "worse than what we thought it was for"}, {"start": "00:07:56", "end": "00:07:59", "text": "clarity. So this is a big deal, I think,"}, {"start": "00:07:57", "end": "00:08:02", "text": "and it's going to pay off right here in"}, {"start": "00:07:59", "end": "00:08:04", "text": "a bad way, I think, for the Republicans"}, {"start": "00:08:02", "end": "00:08:06", "text": "because you have midterms coming up, and"}, {"start": "00:08:04", "end": "00:08:08", "text": "it looks like we have blue seats"}, {"start": "00:08:06", "end": "00:08:10", "text": "starting to populate the land."}, {"start": "00:08:08", "end": "00:08:12", "text": "Republicans might take it on the chin"}, {"start": "00:08:10", "end": "00:08:14", "text": "for just what's been going on with"}, {"start": "00:08:12", "end": "00:08:16", "text": "clarity, but also within the macro"}, {"start": "00:08:14", "end": "00:08:18", "text": "environment. You look at gas prices, the"}, {"start": "00:08:16", "end": "00:08:21", "text": "economy, this is the number one thing"}, {"start": "00:08:18", "end": "00:08:23", "text": "Americans are looking at on voting on"}, {"start": "00:08:21", "end": "00:08:27", "text": "and we are there. So be ready guys. This"}, {"start": "00:08:23", "end": "00:08:28", "text": "is going to be a very big week and again"}, {"start": "00:08:27", "end": "00:08:30", "text": "be very close to where some of these"}, {"start": "00:08:28", "end": "00:08:33", "text": "trends are heading because the market is"}, {"start": "00:08:30", "end": "00:08:36", "text": "starting to show signs that you can"}, {"start": "00:08:33", "end": "00:08:36", "text": "follow. Stay tuned."}, {"start": "00:08:40", "end": "00:08:44", "text": "If you like this video, hit like and"}, {"start": "00:08:42", "end": "00:08:46", "text": "subscribe. Drop a comment down below."}, {"start": "00:08:44", "end": "00:08:51", "text": "and also join our free private member"}, {"start": "00:08:46", "end": "00:08:51", "text": "group. The link is in the description."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Big rally over the weekend. Altcoin"}, {"start": "00:00:02", "end": "00:00:06", "text": "shock is underway. Of course, this"}, {"start": "00:00:04", "end": "00:00:07", "text": "affects other cryptos out there that"}, {"start": "00:00:06", "end": "00:00:09", "text": "we'll break down today and get into all"}, {"start": "00:00:07", "end": "00:00:10", "text": "of that. Before we get started, I want"}, {"start": "00:00:09", "end": "00:00:12", "text": "to thank our sponsor, and that's"}, {"start": "00:00:10", "end": "00:00:15", "text": "EtherFi, where you guys can earn cash"}, {"start": "00:00:12", "end": "00:00:17", "text": "back as well as doing tokenized stock"}, {"start": "00:00:15", "end": "00:00:20", "text": "trades. All of this is available over on"}, {"start": "00:00:17", "end": "00:00:23", "text": "Ether. Be smart money. A ton of features"}, {"start": "00:00:20", "end": "00:00:24", "text": "built for every asset. You get to spend"}, {"start": "00:00:23", "end": "00:00:27", "text": "on this. There's a whole slew of"}, {"start": "00:00:24", "end": "00:00:29", "text": "personal and business core platforms"}, {"start": "00:00:27", "end": "00:00:32", "text": "that you can use. whether you get into"}, {"start": "00:00:29", "end": "00:00:34", "text": "making it kind of your own new bank or"}, {"start": "00:00:32", "end": "00:00:37", "text": "whether or not you want to use this as a"}, {"start": "00:00:34", "end": "00:00:39", "text": "business platform or even Lux up and get"}, {"start": "00:00:37", "end": "00:00:41", "text": "into some of the better uh yielding"}, {"start": "00:00:39", "end": "00:00:43", "text": "platforms that are out there. So check"}, {"start": "00:00:41", "end": "00:00:45", "text": "out Etherfi. All you have to do is visit"}, {"start": "00:00:43", "end": "00:00:47", "text": "it etherfi.com. Use our link down below."}, {"start": "00:00:45", "end": "00:00:49", "text": "It's going to get you set up and you"}, {"start": "00:00:47", "end": "00:00:52", "text": "guys can get started where you can get"}, {"start": "00:00:49", "end": "00:00:54", "text": "away from the banks. If you look at this"}, {"start": "00:00:52", "end": "00:00:56", "text": "tweet right here, this of course is Kobe"}, {"start": "00:00:54", "end": "00:00:59", "text": "talking about 86K and that is where we"}, {"start": "00:00:56", "end": "00:01:03", "text": "are guys. Right now we are moving in to"}, {"start": "00:00:59", "end": "00:01:06", "text": "86k range for Bitcoin. And imagine this"}, {"start": "00:01:03", "end": "00:01:08", "text": "last week when we had Evan on we were"}, {"start": "00:01:06", "end": "00:01:10", "text": "talking about this very issue on Friday"}, {"start": "00:01:08", "end": "00:01:13", "text": "and the fact that we could see a major"}, {"start": "00:01:10", "end": "00:01:15", "text": "pump over the weekend. Uh a lot of that"}, {"start": "00:01:13", "end": "00:01:17", "text": "began and it happened on a lot of tokens"}, {"start": "00:01:15", "end": "00:01:19", "text": "we'll talk about today including Salana"}, {"start": "00:01:17", "end": "00:01:22", "text": "AAX etc. Uh and get into a lot of those."}, {"start": "00:01:19", "end": "00:01:24", "text": "I want to go over to a clip real quick."}, {"start": "00:01:22", "end": "00:01:27", "text": "This is Ben Cowan talking about Bitcoin."}, {"start": "00:01:24", "end": "00:01:30", "text": "Take a look. I'm just here to say that I"}, {"start": "00:01:27", "end": "00:01:33", "text": "was wrong, right? I mean, Bitcoin has"}, {"start": "00:01:30", "end": "00:01:37", "text": "accepted here. It it rallied above the"}, {"start": "00:01:33", "end": "00:01:39", "text": "50. It is now extended that. My biggest"}, {"start": "00:01:37", "end": "00:01:42", "text": "regret is,"}, {"start": "00:01:39", "end": "00:01:46", "text": "you know, my strategy this year was to"}, {"start": "00:01:42", "end": "00:01:48", "text": "start buying in July below.3 risk, which"}, {"start": "00:01:46", "end": "00:01:51", "text": "happened, but it only happened for about"}, {"start": "00:01:48", "end": "00:01:54", "text": "5 days. So, uh, I guess that goes to"}, {"start": "00:01:51", "end": "00:01:56", "text": "show you when the opportunities arise to"}, {"start": "00:01:54", "end": "00:01:59", "text": "take more advantage of them, uh, there"}, {"start": "00:01:56", "end": "00:02:01", "text": "are other people that were right, and I"}, {"start": "00:01:59", "end": "00:02:04", "text": "think they probably deserve your"}, {"start": "00:02:01", "end": "00:02:06", "text": "viewership more, uh, right now than me."}, {"start": "00:02:04", "end": "00:02:07", "text": ">> All right, so you've got Ben, of course,"}, {"start": "00:02:06", "end": "00:02:09", "text": "kind of getting into the point of the"}, {"start": "00:02:07", "end": "00:02:11", "text": "four-year cycle. He's pretty much been"}, {"start": "00:02:09", "end": "00:02:12", "text": "the face of the four-year cycle. That of"}, {"start": "00:02:11", "end": "00:02:15", "text": "course is not necessarily the case right"}, {"start": "00:02:12", "end": "00:02:19", "text": "now as we are seeing Bitcoin move back"}, {"start": "00:02:15", "end": "00:02:22", "text": "into its top 10 position in terms of the"}, {"start": "00:02:19", "end": "00:02:24", "text": "largest asset market cap in the world"}, {"start": "00:02:22", "end": "00:02:27", "text": "guys. So take a look at it. Gold leading"}, {"start": "00:02:24", "end": "00:02:30", "text": "the way. Bitcoin coming up and I'm sure"}, {"start": "00:02:27", "end": "00:02:31", "text": "Peter Schiff is not happy about this for"}, {"start": "00:02:30", "end": "00:02:33", "text": "sure. Other things though that are"}, {"start": "00:02:31", "end": "00:02:35", "text": "happening and that is the ETF holders"}, {"start": "00:02:33", "end": "00:02:38", "text": "are starting to get out from underneath"}, {"start": "00:02:35", "end": "00:02:41", "text": "the bank and they are coming back in and"}, {"start": "00:02:38", "end": "00:02:42", "text": "starting to realize what a coin can do"}, {"start": "00:02:41", "end": "00:02:44", "text": "when you start to see a bull run start"}, {"start": "00:02:42", "end": "00:02:46", "text": "to take place and that's what we are"}, {"start": "00:02:44", "end": "00:02:48", "text": "witnessing right now. Now the real"}, {"start": "00:02:46", "end": "00:02:51", "text": "question is do you guys think that this"}, {"start": "00:02:48", "end": "00:02:53", "text": "is simply a fake pump or do you actually"}, {"start": "00:02:51", "end": "00:02:56", "text": "believe that we are moving in to the"}, {"start": "00:02:53", "end": "00:02:58", "text": "next era of digital asset bull run? Drop"}, {"start": "00:02:56", "end": "00:03:00", "text": "some comments down below. I'd love to"}, {"start": "00:02:58", "end": "00:03:01", "text": "kind of get your input on this. If you"}, {"start": "00:03:00", "end": "00:03:03", "text": "look at it right here, there's other"}, {"start": "00:03:01", "end": "00:03:05", "text": "things that are happening as well that"}, {"start": "00:03:03", "end": "00:03:08", "text": "are matching. And it really kind of"}, {"start": "00:03:05", "end": "00:03:09", "text": "boils down to where the runners are"}, {"start": "00:03:08", "end": "00:03:13", "text": "coming from. And if you look at the top"}, {"start": "00:03:09", "end": "00:03:15", "text": "25, you had Near, you had AVAX, Uni,"}, {"start": "00:03:13", "end": "00:03:17", "text": "Zcash, Hype, all of which we've talked"}, {"start": "00:03:15", "end": "00:03:19", "text": "about quite a bit here over the last few"}, {"start": "00:03:17", "end": "00:03:21", "text": "months. And of course outperforming"}, {"start": "00:03:19", "end": "00:03:23", "text": "significantly when it comes to the big"}, {"start": "00:03:21", "end": "00:03:25", "text": "boys, and that being Bitcoin, Salana,"}, {"start": "00:03:23", "end": "00:03:26", "text": "and Ethereum. And the real question, I"}, {"start": "00:03:25", "end": "00:03:28", "text": "think, guys, is are we going to see a"}, {"start": "00:03:26", "end": "00:03:30", "text": "handful of others start to make their"}, {"start": "00:03:28", "end": "00:03:32", "text": "way in? There's a handful of other"}, {"start": "00:03:30", "end": "00:03:33", "text": "projects out there that I think actually"}, {"start": "00:03:32", "end": "00:03:37", "text": "could get some run. If you look at the"}, {"start": "00:03:33", "end": "00:03:40", "text": "DeFi data right here, total value locked"}, {"start": "00:03:37", "end": "00:03:42", "text": "in DeFi right now is absolutely"}, {"start": "00:03:40", "end": "00:03:46", "text": "skyrocketing. If you look at where it"}, {"start": "00:03:42", "end": "00:03:49", "text": "was held in 2024 around 36 bill holding"}, {"start": "00:03:46", "end": "00:03:52", "text": "right now at 88 almost 90 bill and we"}, {"start": "00:03:49", "end": "00:03:54", "text": "have not even started yet. So you're not"}, {"start": "00:03:52", "end": "00:03:56", "text": "too late. That's the beautiful thing and"}, {"start": "00:03:54", "end": "00:03:59", "text": "I think we are going to see some very"}, {"start": "00:03:56", "end": "00:04:02", "text": "interesting strategies that start start"}, {"start": "00:03:59", "end": "00:04:04", "text": "to play out in this postclarity era."}, {"start": "00:04:02", "end": "00:04:07", "text": "Let's also take a look at just general"}, {"start": "00:04:04", "end": "00:04:10", "text": "liquid staking. If you look at CBL of"}, {"start": "00:04:07", "end": "00:04:12", "text": "where we've seen this starting to grow,"}, {"start": "00:04:10", "end": "00:04:14", "text": "this tells you one thing and that is"}, {"start": "00:04:12", "end": "00:04:16", "text": "that we are starting to see a lot of the"}, {"start": "00:04:14", "end": "00:04:18", "text": "staked assets starting to go back into"}, {"start": "00:04:16", "end": "00:04:20", "text": "the market which gives us a lot of"}, {"start": "00:04:18", "end": "00:04:22", "text": "impetus as to where the market could be"}, {"start": "00:04:20", "end": "00:04:24", "text": "going from here. They believe these"}, {"start": "00:04:22", "end": "00:04:25", "text": "investors that we are going to the next"}, {"start": "00:04:24", "end": "00:04:28", "text": "level. Let's jump over to this tweet"}, {"start": "00:04:25", "end": "00:04:30", "text": "right here. You've got Google and Apple"}, {"start": "00:04:28", "end": "00:04:32", "text": "finally joining the crew and that means"}, {"start": "00:04:30", "end": "00:04:34", "text": "they're hiring crypto experts. Hopefully"}, {"start": "00:04:32", "end": "00:04:36", "text": "they don't screw this up. Uh but they're"}, {"start": "00:04:34", "end": "00:04:39", "text": "going to expand into stable coins,"}, {"start": "00:04:36", "end": "00:04:41", "text": "tokenization, I imagine, most likely"}, {"start": "00:04:39", "end": "00:04:43", "text": "blockchain payments. I'm curious, has"}, {"start": "00:04:41", "end": "00:04:45", "text": "this been a pressure from the users or"}, {"start": "00:04:43", "end": "00:04:47", "text": "is this something coming from maybe a"}, {"start": "00:04:45", "end": "00:04:49", "text": "next generation of leaders coming into"}, {"start": "00:04:47", "end": "00:04:51", "text": "these companies? If this is going to"}, {"start": "00:04:49", "end": "00:04:54", "text": "happen at Google and Apple, then expect"}, {"start": "00:04:51", "end": "00:04:56", "text": "more fireworks from a lot more publicly"}, {"start": "00:04:54", "end": "00:04:59", "text": "traded companies down the line. You also"}, {"start": "00:04:56", "end": "00:05:01", "text": "have Michael Sailor saying Clarity Act"}, {"start": "00:04:59", "end": "00:05:04", "text": "rejection was a positive inflection"}, {"start": "00:05:01", "end": "00:05:06", "text": "point. He argues that the digital asset"}, {"start": "00:05:04", "end": "00:05:09", "text": "industry is better off uh supporting"}, {"start": "00:05:06", "end": "00:05:11", "text": "rules from the SEC and the CFTC"}, {"start": "00:05:09", "end": "00:05:14", "text": "uh going forward. So over the clarity"}, {"start": "00:05:11", "end": "00:05:16", "text": "compromise, you can say what you want"}, {"start": "00:05:14", "end": "00:05:17", "text": "about that guys. We'll go from there. Uh"}, {"start": "00:05:16", "end": "00:05:19", "text": "other points that I want to hit at right"}, {"start": "00:05:17", "end": "00:05:22", "text": "here, Balshuna kind of hit on it right"}, {"start": "00:05:19", "end": "00:05:24", "text": "here in terms of how the media has been"}, {"start": "00:05:22", "end": "00:05:26", "text": "attacking crypto for a while. And the"}, {"start": "00:05:24", "end": "00:05:29", "text": "fact is that 90% of the media just loves"}, {"start": "00:05:26", "end": "00:05:32", "text": "to pile on troll crypto whenever it can,"}, {"start": "00:05:29", "end": "00:05:34", "text": "especially when it's this administration"}, {"start": "00:05:32", "end": "00:05:37", "text": "embracing it. And now you have both the"}, {"start": "00:05:34", "end": "00:05:39", "text": "CFTC and the SEC starting to guide. And"}, {"start": "00:05:37", "end": "00:05:41", "text": "I think you also have traditional"}, {"start": "00:05:39", "end": "00:05:42", "text": "investors that have finally said, \"Hey,"}, {"start": "00:05:41", "end": "00:05:44", "text": "we're done with trying to get this"}, {"start": "00:05:42", "end": "00:05:46", "text": "through Congress. were trying to figure"}, {"start": "00:05:44", "end": "00:05:47", "text": "out a way for the US to lead. In fact,"}, {"start": "00:05:46", "end": "00:05:50", "text": "we're going to have to go a different"}, {"start": "00:05:47", "end": "00:05:52", "text": "route and they are moving on just like"}, {"start": "00:05:50", "end": "00:05:55", "text": "we've seen in other markets in the past"}, {"start": "00:05:52", "end": "00:05:57", "text": "now starting to take place here. Tom Lee"}, {"start": "00:05:55", "end": "00:06:01", "text": "comes in and of course, Bitmine bought"}, {"start": "00:05:57", "end": "00:06:03", "text": "another 75 mil in ETH. Uh he says Q4"}, {"start": "00:06:01", "end": "00:06:07", "text": "starts one of the biggest market rallies"}, {"start": "00:06:03", "end": "00:06:09", "text": "of our lifetime. Now Tom Lee has been"}, {"start": "00:06:07", "end": "00:06:11", "text": "one of the permit bulls that has been"}, {"start": "00:06:09", "end": "00:06:14", "text": "talking about this. Sometimes he might"}, {"start": "00:06:11", "end": "00:06:16", "text": "be wrong about the exact time period,"}, {"start": "00:06:14", "end": "00:06:19", "text": "but his overall stretch has been toward"}, {"start": "00:06:16", "end": "00:06:21", "text": "the end of this year. Is he right? Is"}, {"start": "00:06:19", "end": "00:06:23", "text": "Tom Lee calling this bull run right"}, {"start": "00:06:21", "end": "00:06:24", "text": "here? Let's go to a clip real quick"}, {"start": "00:06:23", "end": "00:06:27", "text": "because this will be going into exactly"}, {"start": "00:06:24", "end": "00:06:27", "text": "what he thinks the market is going to"}, {"start": "00:06:27", "end": "00:06:30", "text": "do."}, {"start": "00:06:27", "end": "00:06:33", "text": ">> Despite all of this and pessimism, the"}, {"start": "00:06:30", "end": "00:06:35", "text": "S&P is 2.6%"}, {"start": "00:06:33", "end": "00:06:38", "text": "off of its all-time high. How can this"}, {"start": "00:06:35", "end": "00:06:41", "text": "be viewed? How can this be viewed as"}, {"start": "00:06:38", "end": "00:06:43", "text": "anything other than incredibly bullish?"}, {"start": "00:06:41", "end": "00:06:45", "text": ">> Is am I the market bulletproof given all"}, {"start": "00:06:43", "end": "00:06:45", "text": "of those bullets that have been fired at"}, {"start": "00:06:45", "end": "00:06:49", "text": "it?"}, {"start": "00:06:45", "end": "00:06:50", "text": ">> Yeah. I think what people forget is uh"}, {"start": "00:06:49", "end": "00:06:54", "text": "people tend to look at the stock market"}, {"start": "00:06:50", "end": "00:06:56", "text": "as oh it's up a lot from 5 years ago and"}, {"start": "00:06:54", "end": "00:06:59", "text": "a lot of people just bought it without"}, {"start": "00:06:56", "end": "00:07:02", "text": "thinking. But they're not thinking about"}, {"start": "00:06:59", "end": "00:07:04", "text": "companies are using technology. They"}, {"start": "00:07:02", "end": "00:07:08", "text": "adapted to all those black swans and cut"}, {"start": "00:07:04", "end": "00:07:10", "text": "costs. And this year earnings are up 25%"}, {"start": "00:07:08", "end": "00:07:13", "text": "and the market's only up 10. So the"}, {"start": "00:07:10", "end": "00:07:14", "text": "market got cheaper. And I think that's"}, {"start": "00:07:13", "end": "00:07:16", "text": "the perspective is that, you know, we're"}, {"start": "00:07:14", "end": "00:07:18", "text": "we're trusting our money with these CEOs"}, {"start": "00:07:16", "end": "00:07:20", "text": "that are proven that they're blue chip"}, {"start": "00:07:18", "end": "00:07:22", "text": "because they're not just sitting and"}, {"start": "00:07:20", "end": "00:07:24", "text": "telling the board everything's fine."}, {"start": "00:07:22", "end": "00:07:25", "text": "They're like in crisis mode and cutting"}, {"start": "00:07:24", "end": "00:07:27", "text": "costs all the time."}, {"start": "00:07:25", "end": "00:07:29", "text": ">> All right. So, as you can see, Tom kind"}, {"start": "00:07:27", "end": "00:07:31", "text": "of defending the point is that there is"}, {"start": "00:07:29", "end": "00:07:33", "text": "a much bigger opportunity at foot here."}, {"start": "00:07:31", "end": "00:07:35", "text": "And I think the key here is going to be"}, {"start": "00:07:33", "end": "00:07:37", "text": "centered around Ethereum. Ethereum still"}, {"start": "00:07:35", "end": "00:07:39", "text": "could be one of the major players even"}, {"start": "00:07:37", "end": "00:07:41", "text": "though it is heading toward 3,000. We"}, {"start": "00:07:39", "end": "00:07:44", "text": "could see it coming maybe just in the"}, {"start": "00:07:41", "end": "00:07:46", "text": "next few weeks. Uh but here is John"}, {"start": "00:07:44", "end": "00:07:47", "text": "Gillan talking about where Ethereum"}, {"start": "00:07:46", "end": "00:07:48", "text": "stands today. Take a look."}, {"start": "00:07:47", "end": "00:07:49", "text": ">> I'll make a price prediction. This"}, {"start": "00:07:48", "end": "00:07:50", "text": "thing's going to hit 4,000 before the"}, {"start": "00:07:49", "end": "00:07:52", "text": "end of the year, I think. I mean, look,"}, {"start": "00:07:50", "end": "00:07:54", "text": "I mean, it looks fantastic. I think it"}, {"start": "00:07:52", "end": "00:07:56", "text": "could double quickly. This tokenization"}, {"start": "00:07:54", "end": "00:07:58", "text": "exemption comes through. Um, you know,"}, {"start": "00:07:56", "end": "00:08:01", "text": "we get a a little bit more Tom Lee"}, {"start": "00:07:58", "end": "00:08:02", "text": "getting to his 5% target. I mean, it's"}, {"start": "00:08:01", "end": "00:08:04", "text": "the most hated asset in crypto and it's"}, {"start": "00:08:02", "end": "00:08:06", "text": "very reflexive because Ethereum's"}, {"start": "00:08:04", "end": "00:08:08", "text": "narrative is terrible when it's going"}, {"start": "00:08:06", "end": "00:08:10", "text": "down because it has no value acrruel. It"}, {"start": "00:08:08", "end": "00:08:12", "text": "has it it's not like Bitcoin. It's not a"}, {"start": "00:08:10", "end": "00:08:14", "text": "store of value asset. It's it it doesn't"}, {"start": "00:08:12", "end": "00:08:16", "text": "really compete against Salana. But when"}, {"start": "00:08:14", "end": "00:08:18", "text": "it's going up, it's like, well, duh, the"}, {"start": "00:08:16", "end": "00:08:19", "text": "world needs a permissionless"}, {"start": "00:08:18", "end": "00:08:21", "text": "decentralized,"}, {"start": "00:08:19", "end": "00:08:23", "text": "credibly neutral base layer for the"}, {"start": "00:08:21", "end": "00:08:25", "text": "future of finance. It's always been"}, {"start": "00:08:23", "end": "00:08:27", "text": "Ethereum. What the hell what you know,"}, {"start": "00:08:25", "end": "00:08:29", "text": "what were we thinking? I think we're"}, {"start": "00:08:27", "end": "00:08:30", "text": "just now getting to the then they fight"}, {"start": "00:08:29", "end": "00:08:32", "text": "you phase of Ethereum's adoption and"}, {"start": "00:08:30", "end": "00:08:35", "text": "growth. Um eventually institutional"}, {"start": "00:08:32", "end": "00:08:37", "text": "capital will with size and conviction"}, {"start": "00:08:35", "end": "00:08:39", "text": "rotate towards Ethereum. Um but I think"}, {"start": "00:08:37", "end": "00:08:41", "text": "for right now the opportunity is for"}, {"start": "00:08:39", "end": "00:08:43", "text": "retail for self-directed investors to"}, {"start": "00:08:41", "end": "00:08:45", "text": "position themselves uh to be ahead of"}, {"start": "00:08:43", "end": "00:08:47", "text": "that and to to ride the next 5 10 years"}, {"start": "00:08:45", "end": "00:08:49", "text": "of of growth of Ethereum of digital"}, {"start": "00:08:47", "end": "00:08:52", "text": "assets and of ETH. So I don't know. It's"}, {"start": "00:08:49", "end": "00:08:54", "text": "not so much that I'm like an ETH maxi or"}, {"start": "00:08:52", "end": "00:08:55", "text": "telling everybody to fullport ETH by any"}, {"start": "00:08:54", "end": "00:08:56", "text": "means, but that's the general way I"}, {"start": "00:08:55", "end": "00:08:58", "text": "think about this and that's who I I"}, {"start": "00:08:56", "end": "00:09:00", "text": "would hope the next marginal buyer would"}, {"start": "00:08:58", "end": "00:09:02", "text": "be would be just self-directed investors"}, {"start": "00:09:00", "end": "00:09:04", "text": "who understand how important they and"}, {"start": "00:09:02", "end": "00:09:06", "text": "their capital are and to treat it with"}, {"start": "00:09:04", "end": "00:09:08", "text": "the respect of of investing with it"}, {"start": "00:09:06", "end": "00:09:09", "text": "rather than speculating with it."}, {"start": "00:09:08", "end": "00:09:12", "text": ">> All right. So guys, think about this and"}, {"start": "00:09:09", "end": "00:09:16", "text": "that is the rotation that could be"}, {"start": "00:09:12", "end": "00:09:18", "text": "occurring and we look at these times in"}, {"start": "00:09:16", "end": "00:09:21", "text": "the market and in many cases there's"}, {"start": "00:09:18", "end": "00:09:22", "text": "very small windows in which these flips"}, {"start": "00:09:21", "end": "00:09:25", "text": "occur. If you look at this chart right"}, {"start": "00:09:22", "end": "00:09:28", "text": "here, this is an asset performance chart"}, {"start": "00:09:25", "end": "00:09:30", "text": "starting in June of this year and it's"}, {"start": "00:09:28", "end": "00:09:32", "text": "running through right now 918 in"}, {"start": "00:09:30", "end": "00:09:34", "text": "September. You can see Ethereum leading"}, {"start": "00:09:32", "end": "00:09:37", "text": "the way number one right now sitting at"}, {"start": "00:09:34", "end": "00:09:39", "text": "65% in terms of growth. Salana right"}, {"start": "00:09:37", "end": "00:09:42", "text": "behind it, Bitcoin. I'll kind of zoom in"}, {"start": "00:09:39", "end": "00:09:43", "text": "on these. And then you start to get into"}, {"start": "00:09:42", "end": "00:09:46", "text": "traditional stocks and a handful of"}, {"start": "00:09:43", "end": "00:09:49", "text": "others including uh silver, the"}, {"start": "00:09:46", "end": "00:09:51", "text": "magnificent 7, some healthcare, etc. All"}, {"start": "00:09:49", "end": "00:09:53", "text": "on the positive side and even into the"}, {"start": "00:09:51", "end": "00:09:56", "text": "negatives of what we are starting. So is"}, {"start": "00:09:53", "end": "00:09:59", "text": "that rotation beginning to show up here"}, {"start": "00:09:56", "end": "00:10:01", "text": "and are we in that right place? So, if"}, {"start": "00:09:59", "end": "00:10:03", "text": "you guys are investing out there today"}, {"start": "00:10:01", "end": "00:10:06", "text": "and you're thinking, \"Okay, I'm going to"}, {"start": "00:10:03", "end": "00:10:09", "text": "go into Bitcoin, Salana, ETH, XRP.\""}, {"start": "00:10:06", "end": "00:10:11", "text": "Which ones do you think are going to be"}, {"start": "00:10:09", "end": "00:10:12", "text": "the bigger performers by end of year?"}, {"start": "00:10:11", "end": "00:10:14", "text": "I'm just kind of curious what what the"}, {"start": "00:10:12", "end": "00:10:17", "text": "audience thinks. Drop some comments down"}, {"start": "00:10:14", "end": "00:10:19", "text": "below and uh and I'll talk about it, you"}, {"start": "00:10:17", "end": "00:10:20", "text": "know, when we get when we get those in."}, {"start": "00:10:19", "end": "00:10:23", "text": "All right, let's go over here because"}, {"start": "00:10:20", "end": "00:10:25", "text": "Salana just unlocked a lot and that is"}, {"start": "00:10:23", "end": "00:10:28", "text": "in terms of just the amount of headlines"}, {"start": "00:10:25", "end": "00:10:30", "text": "it has been cracking over the past few"}, {"start": "00:10:28", "end": "00:10:33", "text": "weeks. You have Nectar Finance jumping"}, {"start": "00:10:30", "end": "00:10:35", "text": "in obvious obviously you had column"}, {"start": "00:10:33", "end": "00:10:38", "text": "coming in. This is a new FDI insured"}, {"start": "00:10:35", "end": "00:10:40", "text": "bank behind Brex. Um it's crazy the"}, {"start": "00:10:38", "end": "00:10:43", "text": "amount of launches that occurred and"}, {"start": "00:10:40", "end": "00:10:46", "text": "when you look at where Salana has been"}, {"start": "00:10:43", "end": "00:10:49", "text": "and I wonder when you think about the"}, {"start": "00:10:46", "end": "00:10:51", "text": "acceleration of traders you look at"}, {"start": "00:10:49", "end": "00:10:54", "text": "where Salana is right now trading close"}, {"start": "00:10:51", "end": "00:10:57", "text": "to 120 and the possibility of where it"}, {"start": "00:10:54", "end": "00:11:00", "text": "competes with Ethereum. I think that's"}, {"start": "00:10:57", "end": "00:11:01", "text": "the next big move here going forward. So"}, {"start": "00:11:00", "end": "00:11:05", "text": "the question is is which one is going to"}, {"start": "00:11:01", "end": "00:11:06", "text": "move more ETH Salana Bitcoin? One thing"}, {"start": "00:11:05", "end": "00:11:09", "text": "to also if you want to kind of compare"}, {"start": "00:11:06", "end": "00:11:11", "text": "and see okay well if Salana is actually"}, {"start": "00:11:09", "end": "00:11:14", "text": "going to win this race in terms of the"}, {"start": "00:11:11", "end": "00:11:16", "text": "next generation of traders look no"}, {"start": "00:11:14", "end": "00:11:19", "text": "further than stocks that's a good"}, {"start": "00:11:16", "end": "00:11:22", "text": "example right here and this may be the"}, {"start": "00:11:19", "end": "00:11:23", "text": "indicator that could elevate this above"}, {"start": "00:11:22", "end": "00:11:26", "text": "Robin Hood chain and we put out a couple"}, {"start": "00:11:23", "end": "00:11:28", "text": "of videos that it has been I believe it"}, {"start": "00:11:26", "end": "00:11:30", "text": "is going to come down to Salana and"}, {"start": "00:11:28", "end": "00:11:32", "text": "Robin Hood in terms of trying to win"}, {"start": "00:11:30", "end": "00:11:34", "text": "this and it may be a battle that has"}, {"start": "00:11:32", "end": "00:11:37", "text": "already been won by Salana a going"}, {"start": "00:11:34", "end": "00:11:38", "text": "forward. But let's not leave out what's"}, {"start": "00:11:37", "end": "00:11:40", "text": "happening with Avalanche if you did not"}, {"start": "00:11:38", "end": "00:11:42", "text": "watch it over the weekend and it was one"}, {"start": "00:11:40", "end": "00:11:45", "text": "we talked about on Friday that I said"}, {"start": "00:11:42", "end": "00:11:47", "text": "this may be one to keep a very close eye"}, {"start": "00:11:45", "end": "00:11:50", "text": "in. In fact, we saw Avalanche jump"}, {"start": "00:11:47", "end": "00:11:52", "text": "dramatically. But you've got Helilicon"}, {"start": "00:11:50", "end": "00:11:55", "text": "which is scheduled to activate on mainet"}, {"start": "00:11:52", "end": "00:11:58", "text": "September 22nd just around the corner."}, {"start": "00:11:55", "end": "00:12:00", "text": "Another major move for the AVAC network."}, {"start": "00:11:58", "end": "00:12:02", "text": "And I think these are the kind of things"}, {"start": "00:12:00", "end": "00:12:03", "text": "guys that you need to keep very close"}, {"start": "00:12:02", "end": "00:12:06", "text": "eye on because right now it's very"}, {"start": "00:12:03", "end": "00:12:08", "text": "early. Circle is another one that might"}, {"start": "00:12:06", "end": "00:12:10", "text": "not be getting its flowers. Circle right"}, {"start": "00:12:08", "end": "00:12:13", "text": "now Mint now lets eligible uh"}, {"start": "00:12:10", "end": "00:12:18", "text": "institutions to borrow USDC against"}, {"start": "00:12:13", "end": "00:12:20", "text": "Bitcoin through Morpho or on ARC andor"}, {"start": "00:12:18", "end": "00:12:22", "text": "on Ethereum and then you don't have to"}, {"start": "00:12:20", "end": "00:12:24", "text": "sell your Bitcoin. So imagine this right"}, {"start": "00:12:22", "end": "00:12:27", "text": "now institutions be able to move in and"}, {"start": "00:12:24", "end": "00:12:29", "text": "actually do this through ARC and what"}, {"start": "00:12:27", "end": "00:12:31", "text": "circle is doing. This is a big leap"}, {"start": "00:12:29", "end": "00:12:34", "text": "because circle a publicly traded"}, {"start": "00:12:31", "end": "00:12:36", "text": "company. Circle very integrated into"}, {"start": "00:12:34", "end": "00:12:39", "text": "what's happening within the coinbased"}, {"start": "00:12:36", "end": "00:12:41", "text": "ecosystem. Hence Morpho and the"}, {"start": "00:12:39", "end": "00:12:44", "text": "opportunity here for launching of a new"}, {"start": "00:12:41", "end": "00:12:45", "text": "chain and giving a gateway for"}, {"start": "00:12:44", "end": "00:12:48", "text": "institutional capital to go out there"}, {"start": "00:12:45", "end": "00:12:51", "text": "and ex execute on it. So some big things"}, {"start": "00:12:48", "end": "00:12:53", "text": "if you look at Circle as a stock holding"}, {"start": "00:12:51", "end": "00:12:55", "text": "it around 94. This bottom was sitting at"}, {"start": "00:12:53", "end": "00:12:59", "text": "59. That's right there. Remember"}, {"start": "00:12:55", "end": "00:13:01", "text": "all-time high for Circle at $300, guys."}, {"start": "00:12:59", "end": "00:13:03", "text": "So if you look at this going up and if"}, {"start": "00:13:01", "end": "00:13:06", "text": "you kind of consider market cap sitting"}, {"start": "00:13:03", "end": "00:13:08", "text": "at 23 billion right now. That could be"}, {"start": "00:13:06", "end": "00:13:09", "text": "in a position right there where a 3x"}, {"start": "00:13:08", "end": "00:13:11", "text": "could be an order. I'm not saying that"}, {"start": "00:13:09", "end": "00:13:14", "text": "that is going to happen. So, I'm just"}, {"start": "00:13:11", "end": "00:13:17", "text": "saying we are dealing with new times and"}, {"start": "00:13:14", "end": "00:13:19", "text": "Circle may be one of the key companies"}, {"start": "00:13:17", "end": "00:13:20", "text": "that help usher this in. So, we're going"}, {"start": "00:13:19", "end": "00:13:22", "text": "to be covering this and a lot more this"}, {"start": "00:13:20", "end": "00:13:26", "text": "week cuz it's going to be a barn burner"}, {"start": "00:13:22", "end": "00:13:26", "text": "this week. Stay tuned."}, {"start": "00:13:28", "end": "00:13:30", "text": "[music]"}, {"start": "00:13:30", "end": "00:13:34", "text": "If you like this video, hit like and"}, {"start": "00:13:32", "end": "00:13:36", "text": "subscribe. Drop a comment down below and"}, {"start": "00:13:34", "end": "00:13:38", "text": "also join [music] our free private"}, {"start": "00:13:36", "end": "00:13:41", "text": "member group. The link is in the"}, {"start": "00:13:38", "end": "00:13:41", "text": "description."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Did banks just begin a bull run by"}, {"start": "00:00:03", "end": "00:00:05", "text": "accident? Well, today we're going to be"}, {"start": "00:00:04", "end": "00:00:06", "text": "breaking that down. You're going to love"}, {"start": "00:00:05", "end": "00:00:08", "text": "it. Before we get started, I do want to"}, {"start": "00:00:06", "end": "00:00:10", "text": "thank our sponsor today and that is"}, {"start": "00:00:08", "end": "00:00:13", "text": "Proton Mail. You guys should be getting"}, {"start": "00:00:10", "end": "00:00:16", "text": "into security and the reason is because"}, {"start": "00:00:13", "end": "00:00:19", "text": "Proton Mail is doing a fantastic job at"}, {"start": "00:00:16", "end": "00:00:22", "text": "protecting your privacy. This is the"}, {"start": "00:00:19", "end": "00:00:24", "text": "go-to place to get privacy set up for"}, {"start": "00:00:22", "end": "00:00:27", "text": "yourself. And you can do that starting"}, {"start": "00:00:24", "end": "00:00:28", "text": "with email. So, begin there. If you want"}, {"start": "00:00:27", "end": "00:00:31", "text": "to do this for your business or your"}, {"start": "00:00:28", "end": "00:00:33", "text": "personal account, very easy to do. And"}, {"start": "00:00:31", "end": "00:00:36", "text": "one of the biggest things you can get"}, {"start": "00:00:33", "end": "00:00:38", "text": "into is, of course, Proton Unlimited."}, {"start": "00:00:36", "end": "00:00:40", "text": "Proton Unlimited gives you a whole slew"}, {"start": "00:00:38", "end": "00:00:44", "text": "of things you can use, including mail,"}, {"start": "00:00:40", "end": "00:00:46", "text": "calendar, VPN, also getting Drive. It's"}, {"start": "00:00:44", "end": "00:00:47", "text": "it's almost like a Google replacement."}, {"start": "00:00:46", "end": "00:00:50", "text": "And the best thing here is you get"}, {"start": "00:00:47", "end": "00:00:52", "text": "sheets and also password protection."}, {"start": "00:00:50", "end": "00:00:55", "text": "This is one of the best tools out there"}, {"start": "00:00:52", "end": "00:00:58", "text": "to for security, especially in times"}, {"start": "00:00:55", "end": "00:01:00", "text": "like this when there is so much junk and"}, {"start": "00:00:58", "end": "00:01:03", "text": "scams coming through your mail right"}, {"start": "00:01:00", "end": "00:01:04", "text": "now. Use Proton Unlimited. Use our link"}, {"start": "00:01:03", "end": "00:01:07", "text": "down below to get a little bit of a"}, {"start": "00:01:04", "end": "00:01:09", "text": "discount. Let them know we sent you cuz"}, {"start": "00:01:07", "end": "00:01:11", "text": "I have someone special joining us that"}, {"start": "00:01:09", "end": "00:01:13", "text": "has been in the crypto industry for"}, {"start": "00:01:11", "end": "00:01:15", "text": "quite some time. In fact, it is a"}, {"start": "00:01:13", "end": "00:01:18", "text": "two-time author. You guys know him out"}, {"start": "00:01:15", "end": "00:01:20", "text": "there as Christian Carlo. and he is now"}, {"start": "00:01:18", "end": "00:01:22", "text": "announcing a new book coming up very"}, {"start": "00:01:20", "end": "00:01:24", "text": "soon. Chris, how are you?"}, {"start": "00:01:22", "end": "00:01:26", "text": ">> Great, Paul. Really good to be with you"}, {"start": "00:01:24", "end": "00:01:27", "text": "and really good to have this opportunity"}, {"start": "00:01:26", "end": "00:01:30", "text": "to tell your audience about my new book."}, {"start": "00:01:27", "end": "00:01:32", "text": "So, I'm really I'm looking at it right"}, {"start": "00:01:30", "end": "00:01:35", "text": "here on Amazon right today. It's going"}, {"start": "00:01:32", "end": "00:01:37", "text": "to be available October 27th. You guys"}, {"start": "00:01:35", "end": "00:01:39", "text": "will be able to get it right there"}, {"start": "00:01:37", "end": "00:01:41", "text": "called The New Adventures of CryptoD."}, {"start": "00:01:39", "end": "00:01:44", "text": "What is it that you're talking about"}, {"start": "00:01:41", "end": "00:01:47", "text": "this one in this book that may be"}, {"start": "00:01:44", "end": "00:01:49", "text": "elevated from the previous book? Well,"}, {"start": "00:01:47", "end": "00:01:51", "text": "it picks up where my last book left off,"}, {"start": "00:01:49", "end": "00:01:53", "text": "which was the end of my term as CFTC"}, {"start": "00:01:51", "end": "00:01:56", "text": "chairman and the beginning of four years"}, {"start": "00:01:53", "end": "00:01:58", "text": "of the Biden administration's hostility"}, {"start": "00:01:56", "end": "00:02:00", "text": "to digital assets and then the beginning"}, {"start": "00:01:58", "end": "00:02:01", "text": "of the turnaround with the Trump"}, {"start": "00:02:00", "end": "00:02:05", "text": "administration, at least when it comes"}, {"start": "00:02:01", "end": "00:02:08", "text": "to digital asset acceptance and and and"}, {"start": "00:02:05", "end": "00:02:09", "text": "innovation. Uh, and we're seeing a"}, {"start": "00:02:08", "end": "00:02:12", "text": "explosion of innovation as you know,"}, {"start": "00:02:09", "end": "00:02:14", "text": "across the space now. and I talk about"}, {"start": "00:02:12", "end": "00:02:16", "text": "that and I've got some inside views of"}, {"start": "00:02:14", "end": "00:02:18", "text": "how some of the things that we're now"}, {"start": "00:02:16", "end": "00:02:20", "text": "looking about came to be uh including"}, {"start": "00:02:18", "end": "00:02:22", "text": "some of the development and of the of"}, {"start": "00:02:20", "end": "00:02:24", "text": "the Genius Act and uh perhaps the"}, {"start": "00:02:22", "end": "00:02:27", "text": "failure of the Clarity Act and what what"}, {"start": "00:02:24", "end": "00:02:28", "text": "may have gone into some of that."}, {"start": "00:02:27", "end": "00:02:29", "text": ">> Well, listen, we're going to talk about"}, {"start": "00:02:28", "end": "00:02:32", "text": "that. I want to kind of lead off with"}, {"start": "00:02:29", "end": "00:02:34", "text": "this article right here. This was um a"}, {"start": "00:02:32", "end": "00:02:36", "text": "Wall Street Journal piece and it came"}, {"start": "00:02:34", "end": "00:02:39", "text": "out over the weekend obviously targeting"}, {"start": "00:02:36", "end": "00:02:42", "text": "Brian Armstrong in a very aggressive way"}, {"start": "00:02:39", "end": "00:02:45", "text": "in the sense of painting Coinbase as the"}, {"start": "00:02:42", "end": "00:02:48", "text": "scapegoat on all of this. Do you think"}, {"start": "00:02:45", "end": "00:02:50", "text": "it was in line with blaming Coinbase for"}, {"start": "00:02:48", "end": "00:02:52", "text": "what happened with Clarity?"}, {"start": "00:02:50", "end": "00:02:55", "text": ">> Well, let's put this in perspective."}, {"start": "00:02:52", "end": "00:02:59", "text": "Whenever a piece of legislation uh this"}, {"start": "00:02:55", "end": "00:03:01", "text": "uh this um uh the degree to which this"}, {"start": "00:02:59", "end": "00:03:04", "text": "was championed and the degree to which"}, {"start": "00:03:01", "end": "00:03:06", "text": "this was attacked fails, there's always"}, {"start": "00:03:04", "end": "00:03:09", "text": "a reckoning. There's always a game of of"}, {"start": "00:03:06", "end": "00:03:12", "text": "of name calling and blame assignment"}, {"start": "00:03:09", "end": "00:03:15", "text": "that goes on and I view this article as"}, {"start": "00:03:12", "end": "00:03:17", "text": "part of that. Uh if I'm part of the bank"}, {"start": "00:03:15", "end": "00:03:19", "text": "coalition that fought this, then this"}, {"start": "00:03:17", "end": "00:03:22", "text": "article is very helpful to shift the"}, {"start": "00:03:19", "end": "00:03:24", "text": "blame. if I'm uh part of the political"}, {"start": "00:03:22", "end": "00:03:25", "text": "class that vote against it, then this"}, {"start": "00:03:24", "end": "00:03:28", "text": "article is very helpful to shift the"}, {"start": "00:03:25", "end": "00:03:29", "text": "blame. Um, and I think it's a it's a"}, {"start": "00:03:28", "end": "00:03:32", "text": "game of blameshifting. But there's a lot"}, {"start": "00:03:29", "end": "00:03:34", "text": "more than what Brian Armstrong may have"}, {"start": "00:03:32", "end": "00:03:38", "text": "done or not done that went into the"}, {"start": "00:03:34", "end": "00:03:40", "text": "failure of of the of the Clarity Act."}, {"start": "00:03:38", "end": "00:03:42", "text": "Some of it has to do with um just the"}, {"start": "00:03:40", "end": "00:03:43", "text": "political cycle. We're we're late in an"}, {"start": "00:03:42", "end": "00:03:46", "text": "election season"}, {"start": "00:03:43", "end": "00:03:48", "text": ">> when things rarely pass and both sides"}, {"start": "00:03:46", "end": "00:03:49", "text": "counted uh the numbers and they looked"}, {"start": "00:03:48", "end": "00:03:51", "text": "to their base and they decided what was"}, {"start": "00:03:49", "end": "00:03:53", "text": "in their best interest and it didn't get"}, {"start": "00:03:51", "end": "00:03:56", "text": "done. I think it's a terrible"}, {"start": "00:03:53", "end": "00:03:58", "text": "disappointment. Here's here's how I view"}, {"start": "00:03:56", "end": "00:04:02", "text": "uh the failure of clarity. What it means"}, {"start": "00:03:58", "end": "00:04:04", "text": "is not that innovation is going to stop."}, {"start": "00:04:02", "end": "00:04:07", "text": "In fact, innovation if anything is going"}, {"start": "00:04:04", "end": "00:04:08", "text": "to continue. But it does mean that the"}, {"start": "00:04:07", "end": "00:04:12", "text": "United States is not going to be able to"}, {"start": "00:04:08", "end": "00:04:14", "text": "exert the global leadership in industry"}, {"start": "00:04:12", "end": "00:04:14", "text": "standard setting organizations."}, {"start": "00:04:14", "end": "00:04:18", "text": ">> Yeah."}, {"start": "00:04:14", "end": "00:04:21", "text": ">> Like um ISCO and the Financial Stability"}, {"start": "00:04:18", "end": "00:04:24", "text": "Board and others where global players"}, {"start": "00:04:21", "end": "00:04:29", "text": "come to set global standards. It also"}, {"start": "00:04:24", "end": "00:04:31", "text": "means that um those um uh um investment"}, {"start": "00:04:29", "end": "00:04:34", "text": "advisors and others that have fiduciary"}, {"start": "00:04:31", "end": "00:04:37", "text": "duties whether they are p pension fund"}, {"start": "00:04:34", "end": "00:04:39", "text": "managers for state employee pension"}, {"start": "00:04:37", "end": "00:04:42", "text": "funds or others are going to be a little"}, {"start": "00:04:39", "end": "00:04:44", "text": "bit more careful in in investing in this"}, {"start": "00:04:42", "end": "00:04:47", "text": "innovation because the lack of federal"}, {"start": "00:04:44", "end": "00:04:50", "text": "certainty. Nevertheless, I do think we"}, {"start": "00:04:47", "end": "00:04:52", "text": "are going to get uh regulatory certainty"}, {"start": "00:04:50", "end": "00:04:54", "text": "because Paul Atkins and Mike Celic have"}, {"start": "00:04:52", "end": "00:04:56", "text": "made it very clear that they intend to"}, {"start": "00:04:54", "end": "00:04:58", "text": "move forward with rulew writing in this"}, {"start": "00:04:56", "end": "00:05:01", "text": "area. So, it hasn't stop it's not going"}, {"start": "00:04:58", "end": "00:05:03", "text": "to stop the innovation. It is it is a"}, {"start": "00:05:01", "end": "00:05:05", "text": "disappointment for the United States not"}, {"start": "00:05:03", "end": "00:05:07", "text": "to show leadership in this area. Uh but"}, {"start": "00:05:05", "end": "00:05:09", "text": "I think the the the the march of"}, {"start": "00:05:07", "end": "00:05:11", "text": "innovation goes on."}, {"start": "00:05:09", "end": "00:05:14", "text": ">> Okay. So, do you what's your position?"}, {"start": "00:05:11", "end": "00:05:17", "text": "Do you think that banks accidentally"}, {"start": "00:05:14", "end": "00:05:19", "text": "under letting this kind of get bounced"}, {"start": "00:05:17", "end": "00:05:21", "text": "out of Congress started a bull run here?"}, {"start": "00:05:19", "end": "00:05:23", "text": "Because we have seen nothing but up"}, {"start": "00:05:21", "end": "00:05:26", "text": "cycles on almost every crypto project"}, {"start": "00:05:23", "end": "00:05:28", "text": "out there mostly coming in from the"}, {"start": "00:05:26", "end": "00:05:31", "text": "announcements out of the CFTC and the"}, {"start": "00:05:28", "end": "00:05:32", "text": "SEC pointing to your point exactly and"}, {"start": "00:05:31", "end": "00:05:34", "text": "that's innovation."}, {"start": "00:05:32", "end": "00:05:39", "text": ">> Yeah. Well, you know, it's funny, but in"}, {"start": "00:05:34", "end": "00:05:42", "text": "in my new book, I I actually uh recall"}, {"start": "00:05:39", "end": "00:05:45", "text": "American the American banking industry's"}, {"start": "00:05:42", "end": "00:05:47", "text": "history of fighting virtually every"}, {"start": "00:05:45", "end": "00:05:50", "text": "innovation to come across, whether it"}, {"start": "00:05:47", "end": "00:05:52", "text": "was ATM machines, whether it was uh chip"}, {"start": "00:05:50", "end": "00:05:55", "text": "readers in in credit cards, whether it"}, {"start": "00:05:52", "end": "00:05:57", "text": "was branch banking, American banks have"}, {"start": "00:05:55", "end": "00:05:59", "text": "used their clout in Washington to fight"}, {"start": "00:05:57", "end": "00:06:02", "text": "one of every one of those innovations,"}, {"start": "00:05:59", "end": "00:06:04", "text": "often successfully, only to have that"}, {"start": "00:06:02", "end": "00:06:06", "text": "innovation happen anyway. And three or"}, {"start": "00:06:04", "end": "00:06:08", "text": "four years later, the banks have had to"}, {"start": "00:06:06", "end": "00:06:10", "text": "adapt simply because their competitors"}, {"start": "00:06:08", "end": "00:06:12", "text": "were adopting the innovation. They got"}, {"start": "00:06:10", "end": "00:06:13", "text": "Congress to stop it, not make it"}, {"start": "00:06:12", "end": "00:06:15", "text": "mandatory, and then they found"}, {"start": "00:06:13", "end": "00:06:17", "text": "themselves having to do it anyway. I"}, {"start": "00:06:15", "end": "00:06:18", "text": "think the same thing is going to play"}, {"start": "00:06:17", "end": "00:06:21", "text": "out here. I think it's a it was a it was"}, {"start": "00:06:18", "end": "00:06:22", "text": "short- termism by the American bank"}, {"start": "00:06:21", "end": "00:06:24", "text": "industry to try to fight this"}, {"start": "00:06:22", "end": "00:06:26", "text": "innovation. It's not going to be"}, {"start": "00:06:24", "end": "00:06:27", "text": "stopped. It's going to happen anyway."}, {"start": "00:06:26", "end": "00:06:30", "text": "And the American banks are just going to"}, {"start": "00:06:27", "end": "00:06:32", "text": "be late to the game as they have been in"}, {"start": "00:06:30", "end": "00:06:34", "text": "many, many other innovations. Now"}, {"start": "00:06:32", "end": "00:06:35", "text": "whether it's tri triggered a bull run or"}, {"start": "00:06:34", "end": "00:06:37", "text": "not. Certainly Bitcoin is up. I at least"}, {"start": "00:06:35", "end": "00:06:39", "text": "it was early this morning. I haven't"}, {"start": "00:06:37", "end": "00:06:41", "text": "looked in the last hour or so. Um and"}, {"start": "00:06:39", "end": "00:06:45", "text": "we're seeing the same spillover effect"}, {"start": "00:06:41", "end": "00:06:47", "text": "into a lot of digital asset adjacent uh"}, {"start": "00:06:45", "end": "00:06:50", "text": "businesses. And that's not surprising."}, {"start": "00:06:47", "end": "00:06:52", "text": "Many people actually thought that the"}, {"start": "00:06:50", "end": "00:06:55", "text": "Clarity Act was not a good bill. It was"}, {"start": "00:06:52", "end": "00:06:59", "text": "flawed in many ways. uh for my former my"}, {"start": "00:06:55", "end": "00:07:00", "text": "predecessor to mass at the CFTC has been"}, {"start": "00:06:59", "end": "00:07:04", "text": "uh out there saying that it's it's a"}, {"start": "00:07:00", "end": "00:07:07", "text": "flawed bill and I think for many no bill"}, {"start": "00:07:04", "end": "00:07:10", "text": "may be better than any bill at all."}, {"start": "00:07:07", "end": "00:07:11", "text": ">> Well, and I think to your point uh a lot"}, {"start": "00:07:10", "end": "00:07:13", "text": "of people were probably looking at it"}, {"start": "00:07:11", "end": "00:07:15", "text": "that way. I and and I think the issue"}, {"start": "00:07:13", "end": "00:07:18", "text": "that you mentioned earlier in the sense"}, {"start": "00:07:15", "end": "00:07:19", "text": "of the US not necessarily becoming the"}, {"start": "00:07:18", "end": "00:07:22", "text": "global leader on this, it's going to be"}, {"start": "00:07:19", "end": "00:07:24", "text": "a forced mechanism. It also puts a"}, {"start": "00:07:22", "end": "00:07:26", "text": "little bit of risk at play and we'll"}, {"start": "00:07:24", "end": "00:07:28", "text": "talk about that in a second. Uh where"}, {"start": "00:07:26", "end": "00:07:31", "text": "you're going to have administrations"}, {"start": "00:07:28", "end": "00:07:32", "text": "shift which could also put pressure on"}, {"start": "00:07:31", "end": "00:07:36", "text": "what's coming out of the SEC and the"}, {"start": "00:07:32", "end": "00:07:38", "text": "CFTC. As you well know uh heading the"}, {"start": "00:07:36", "end": "00:07:40", "text": "and chairing the CFTC for quite some"}, {"start": "00:07:38", "end": "00:07:41", "text": "time. Uh when you look at"}, {"start": "00:07:40", "end": "00:07:44", "text": ">> you know if my chairmanship stands for"}, {"start": "00:07:41", "end": "00:07:46", "text": "anything Paul it stands for the fact"}, {"start": "00:07:44", "end": "00:07:47", "text": "that Congress didn't give me permission"}, {"start": "00:07:46", "end": "00:07:48", "text": ">> exactly"}, {"start": "00:07:47", "end": "00:07:51", "text": ">> to put a regulatory framework around"}, {"start": "00:07:48", "end": "00:07:53", "text": "crypto futures. I did it because it was"}, {"start": "00:07:51", "end": "00:07:55", "text": "my duty as a chairman of an agency not"}, {"start": "00:07:53", "end": "00:07:57", "text": "to ignore a new innovation but to create"}, {"start": "00:07:55", "end": "00:07:59", "text": "a regulatory framework. I know that Paul"}, {"start": "00:07:57", "end": "00:08:01", "text": "Atkins and Mike Celick feel the same"}, {"start": "00:07:59", "end": "00:08:03", "text": "way. They gave Congress every bit of"}, {"start": "00:08:01", "end": "00:08:07", "text": "assistance they could to write a good"}, {"start": "00:08:03", "end": "00:08:10", "text": "bill but Congress now is is um shook"}, {"start": "00:08:07", "end": "00:08:11", "text": "that responsibility. So Mike Seelig and"}, {"start": "00:08:10", "end": "00:08:13", "text": "Paul Atkins are going to uptake that"}, {"start": "00:08:11", "end": "00:08:15", "text": "responsibility and write the write the"}, {"start": "00:08:13", "end": "00:08:17", "text": "rules."}, {"start": "00:08:15", "end": "00:08:18", "text": ">> All right. So some other things that are"}, {"start": "00:08:17", "end": "00:08:22", "text": "going on and I'll show something from"}, {"start": "00:08:18", "end": "00:08:24", "text": "Paul Atkins coming in uh on in general"}, {"start": "00:08:22", "end": "00:08:27", "text": "around the SEC's uh you know innovation"}, {"start": "00:08:24", "end": "00:08:29", "text": "side of thing and this kind of centers"}, {"start": "00:08:27", "end": "00:08:32", "text": "around regonms MS which of course this"}, {"start": "00:08:29", "end": "00:08:35", "text": "is something that has centered around um"}, {"start": "00:08:32", "end": "00:08:36", "text": "a certain level of equalization of how"}, {"start": "00:08:35", "end": "00:08:38", "text": "trading occurs and one of the things"}, {"start": "00:08:36", "end": "00:08:41", "text": "that was put out in this post that I"}, {"start": "00:08:38", "end": "00:08:43", "text": "thought was interesting is that this"}, {"start": "00:08:41", "end": "00:08:45", "text": "statement right here TSVs must run smart"}, {"start": "00:08:43", "end": "00:08:48", "text": "contracts that are public and auditable."}, {"start": "00:08:45", "end": "00:08:50", "text": "on a permissionless ledger and be able"}, {"start": "00:08:48", "end": "00:08:52", "text": "to and must halt trading in a token"}, {"start": "00:08:50", "end": "00:08:55", "text": "whenever underlying stock is halted."}, {"start": "00:08:52", "end": "00:08:57", "text": "Now, we saw this happen quite some time"}, {"start": "00:08:55", "end": "00:08:59", "text": "ago when it came to the GameStop"}, {"start": "00:08:57", "end": "00:09:01", "text": "scenario. So, there was halting. It was"}, {"start": "00:08:59", "end": "00:09:02", "text": "like a ridiculous amount of times. I"}, {"start": "00:09:01", "end": "00:09:04", "text": "think I've got it right here. Yeah,"}, {"start": "00:09:02", "end": "00:09:07", "text": "January of that year. It was uh there"}, {"start": "00:09:04", "end": "00:09:10", "text": "were 40 such halts in the GameStop"}, {"start": "00:09:07", "end": "00:09:12", "text": "scenario. And this of course was an"}, {"start": "00:09:10", "end": "00:09:14", "text": "exact situation that occurred in"}, {"start": "00:09:12", "end": "00:09:17", "text": "traditional finance. Now you have"}, {"start": "00:09:14", "end": "00:09:20", "text": "tokenized stocks that are also going to"}, {"start": "00:09:17", "end": "00:09:22", "text": "play into this. And this gets kind of"}, {"start": "00:09:20", "end": "00:09:25", "text": "intriguing to me because that's a"}, {"start": "00:09:22", "end": "00:09:28", "text": "completely different ecosystem. It's ran"}, {"start": "00:09:25", "end": "00:09:31", "text": "in a completely different way. Uh if you"}, {"start": "00:09:28", "end": "00:09:34", "text": "think about halting on something like"}, {"start": "00:09:31", "end": "00:09:36", "text": "Ethereum or Bitcoin or something, it"}, {"start": "00:09:34", "end": "00:09:38", "text": "just doesn't happen. So do you think"}, {"start": "00:09:36", "end": "00:09:39", "text": "that's going to cause any issues down"}, {"start": "00:09:38", "end": "00:09:41", "text": "the road as we see tokenized stocks"}, {"start": "00:09:39", "end": "00:09:43", "text": "starting to play outside the traditional"}, {"start": "00:09:41", "end": "00:09:44", "text": "markets?"}, {"start": "00:09:43", "end": "00:09:45", "text": ">> Yeah. So there's a number of things"}, {"start": "00:09:44", "end": "00:09:48", "text": "playing out here. Paul, you're"}, {"start": "00:09:45", "end": "00:09:50", "text": "absolutely right to identify this and"}, {"start": "00:09:48", "end": "00:09:52", "text": "and something that hasn't been commented"}, {"start": "00:09:50", "end": "00:09:55", "text": "on, but I recall for your I will recall"}, {"start": "00:09:52", "end": "00:09:57", "text": "for your audience that Paul Atkins voted"}, {"start": "00:09:55", "end": "00:10:00", "text": "against reggms when he was a"}, {"start": "00:09:57", "end": "00:10:03", "text": "commissioner at the SEC. his view then"}, {"start": "00:10:00", "end": "00:10:05", "text": "and his view remains today that that was"}, {"start": "00:10:03", "end": "00:10:08", "text": "the SEC and that was the government"}, {"start": "00:10:05", "end": "00:10:11", "text": "putting their heavy hand on market"}, {"start": "00:10:08", "end": "00:10:13", "text": "practice in a way that really was an"}, {"start": "00:10:11", "end": "00:10:16", "text": "answer to a problem that didn't exist."}, {"start": "00:10:13", "end": "00:10:18", "text": "Uh there was really not a question of"}, {"start": "00:10:16", "end": "00:10:21", "text": "market participants not getting good"}, {"start": "00:10:18", "end": "00:10:24", "text": "fills and he felt the government came in"}, {"start": "00:10:21", "end": "00:10:26", "text": "with that with that rule and and skewed"}, {"start": "00:10:24", "end": "00:10:29", "text": "the market to greater complexity. Now at"}, {"start": "00:10:26", "end": "00:10:31", "text": "the same time uh so so when Paul sits"}, {"start": "00:10:29", "end": "00:10:33", "text": "there today as chairman he looks at what"}, {"start": "00:10:31", "end": "00:10:36", "text": "has been wrought by regganms and he says"}, {"start": "00:10:33", "end": "00:10:38", "text": "okay how can we simplify this what what"}, {"start": "00:10:36", "end": "00:10:41", "text": "can we do to perhaps remove some of"}, {"start": "00:10:38", "end": "00:10:43", "text": "these rules at the same time you've got"}, {"start": "00:10:41", "end": "00:10:46", "text": "President Trump saying I want to see"}, {"start": "00:10:43", "end": "00:10:50", "text": "these overseas decentralized markets"}, {"start": "00:10:46", "end": "00:10:52", "text": "like hyperlquid moved on shore and so I"}, {"start": "00:10:50", "end": "00:10:55", "text": "read this innovation exemption as sort"}, {"start": "00:10:52", "end": "00:10:56", "text": "of a compromise how do we move some of"}, {"start": "00:10:55", "end": "00:10:58", "text": "this liquidity"}, {"start": "00:10:56", "end": "00:11:00", "text": "onshore"}, {"start": "00:10:58", "end": "00:11:03", "text": "at the same time knowing that we've got"}, {"start": "00:11:00", "end": "00:11:06", "text": "a much more complex US structure than a"}, {"start": "00:11:03", "end": "00:11:08", "text": "lot of these new emerging market spaces."}, {"start": "00:11:06", "end": "00:11:10", "text": "So, how do we make the onore structure"}, {"start": "00:11:08", "end": "00:11:12", "text": "more simple but at the same time don't"}, {"start": "00:11:10", "end": "00:11:14", "text": "create unlevel playing fields between"}, {"start": "00:11:12", "end": "00:11:16", "text": "our securities markets and these? And I"}, {"start": "00:11:14", "end": "00:11:19", "text": "think that the rule that came out last"}, {"start": "00:11:16", "end": "00:11:21", "text": "week was a good first step. It showed"}, {"start": "00:11:19", "end": "00:11:23", "text": "directionally where the SEC would like"}, {"start": "00:11:21", "end": "00:11:25", "text": "to go. I think that rule before it"}, {"start": "00:11:23", "end": "00:11:28", "text": "becomes finalized is going to be subject"}, {"start": "00:11:25", "end": "00:11:31", "text": "to a lot of revision, a lot of good"}, {"start": "00:11:28", "end": "00:11:34", "text": "input. I think the industry is going to"}, {"start": "00:11:31", "end": "00:11:36", "text": "um provide a lot of commentary and I"}, {"start": "00:11:34", "end": "00:11:38", "text": "think it's it's a first step. I consider"}, {"start": "00:11:36", "end": "00:11:41", "text": "it kind of a prototype. It's a step"}, {"start": "00:11:38", "end": "00:11:43", "text": "forward. It shows some intention by Paul"}, {"start": "00:11:41", "end": "00:11:44", "text": "Atkins run SEC, but I don't think we're"}, {"start": "00:11:43", "end": "00:11:45", "text": "at the final stage of what this rule"}, {"start": "00:11:44", "end": "00:11:47", "text": "looks like yet."}, {"start": "00:11:45", "end": "00:11:48", "text": ">> Yeah. Okay. Well, that was kind of"}, {"start": "00:11:47", "end": "00:11:50", "text": "leading into my next question. Do you"}, {"start": "00:11:48", "end": "00:11:53", "text": "think people will be satisfied with this"}, {"start": "00:11:50", "end": "00:11:55", "text": "compromise right now that we're dealing"}, {"start": "00:11:53", "end": "00:11:57", "text": "with today that obviously the SEC is"}, {"start": "00:11:55", "end": "00:11:59", "text": "prepping for or do you think this is"}, {"start": "00:11:57", "end": "00:12:01", "text": "something at some point Congress is"}, {"start": "00:11:59", "end": "00:12:03", "text": "going to have to get involved and we do"}, {"start": "00:12:01", "end": "00:12:06", "text": "get clarity?"}, {"start": "00:12:03", "end": "00:12:09", "text": ">> Well, let's hope ultimately we do get"}, {"start": "00:12:06", "end": "00:12:11", "text": "some positive reaction from Congress"}, {"start": "00:12:09", "end": "00:12:13", "text": "either under this Congress or a future"}, {"start": "00:12:11", "end": "00:12:16", "text": "Congress. Incidentally, I think clarity"}, {"start": "00:12:13", "end": "00:12:17", "text": "is dead in this Congress. I I think in"}, {"start": "00:12:16", "end": "00:12:19", "text": "fact I think it's been dead for some"}, {"start": "00:12:17", "end": "00:12:21", "text": "time. I've been mourning the industry"}, {"start": "00:12:19", "end": "00:12:24", "text": "for months that I didn't think it was"}, {"start": "00:12:21", "end": "00:12:26", "text": "going to happen and I think it was the"}, {"start": "00:12:24", "end": "00:12:29", "text": "industry almost became caught up in its"}, {"start": "00:12:26", "end": "00:12:31", "text": "own cycle of wanting it to happen that"}, {"start": "00:12:29", "end": "00:12:33", "text": "lost sight of some of the detail of it."}, {"start": "00:12:31", "end": "00:12:35", "text": "I I think we're now in the stage where"}, {"start": "00:12:33", "end": "00:12:38", "text": "you're going to see Atkins and Celic"}, {"start": "00:12:35", "end": "00:12:40", "text": "writing rules and and they will get good"}, {"start": "00:12:38", "end": "00:12:42", "text": "public input into those rules and"}, {"start": "00:12:40", "end": "00:12:44", "text": "hopefully those rules will be durable"}, {"start": "00:12:42", "end": "00:12:46", "text": "into Congress is ready to weigh in. But"}, {"start": "00:12:44", "end": "00:12:47", "text": "I I here's the thing I think your"}, {"start": "00:12:46", "end": "00:12:50", "text": "audience needs to know."}, {"start": "00:12:47", "end": "00:12:53", "text": ">> Whatever Congress does in some ways"}, {"start": "00:12:50", "end": "00:12:56", "text": "whatever Cigan Atkins does this"}, {"start": "00:12:53", "end": "00:12:58", "text": "innovation is not stopping. If if if"}, {"start": "00:12:56", "end": "00:13:01", "text": "Gary Gensler and his crew couldn't kill"}, {"start": "00:12:58", "end": "00:13:03", "text": "it, there's"}, {"start": "00:13:01", "end": "00:13:05", "text": "the lack of federal legislation is not"}, {"start": "00:13:03", "end": "00:13:08", "text": "going to kill it. This is the internet"}, {"start": "00:13:05", "end": "00:13:10", "text": "doing to banking and finance and money"}, {"start": "00:13:08", "end": "00:13:12", "text": "what it's done to information gathering"}, {"start": "00:13:10", "end": "00:13:15", "text": "and social networking and there's no"}, {"start": "00:13:12", "end": "00:13:17", "text": "turning back. I think the industry has"}, {"start": "00:13:15", "end": "00:13:19", "text": "an important role to play. Uh, and I"}, {"start": "00:13:17", "end": "00:13:22", "text": "don't think Brian I I think Brian"}, {"start": "00:13:19", "end": "00:13:24", "text": "Armstrong would very much agree this has"}, {"start": "00:13:22", "end": "00:13:26", "text": "got a an interest in in getting these"}, {"start": "00:13:24", "end": "00:13:29", "text": "rules right. And actually, I think Brian"}, {"start": "00:13:26", "end": "00:13:32", "text": "Armstrong wasn't far off with his"}, {"start": "00:13:29", "end": "00:13:34", "text": "engagement uh on the Clarity Act. It's a"}, {"start": "00:13:32", "end": "00:13:36", "text": "shame it didn't result in good in a good"}, {"start": "00:13:34", "end": "00:13:38", "text": "uh piece of legislation, but the"}, {"start": "00:13:36", "end": "00:13:40", "text": "industry needs to be engaged in this"}, {"start": "00:13:38", "end": "00:13:42", "text": "setting standards. And hopefully few"}, {"start": "00:13:40", "end": "00:13:44", "text": "years from now when Congress is ready to"}, {"start": "00:13:42", "end": "00:13:46", "text": "take this up again, they'll look to the"}, {"start": "00:13:44", "end": "00:13:49", "text": "standards that the industry developed"}, {"start": "00:13:46", "end": "00:13:51", "text": "that Atkins and and and Celig did will"}, {"start": "00:13:49", "end": "00:13:53", "text": "do in the next two years and we'll get"}, {"start": "00:13:51", "end": "00:13:56", "text": "good legislation out of that. You know,"}, {"start": "00:13:53", "end": "00:13:58", "text": "it's interesting because a lot of I had"}, {"start": "00:13:56", "end": "00:14:00", "text": "conversations this weekend about this"}, {"start": "00:13:58", "end": "00:14:02", "text": "very topic is doesn't this hurt"}, {"start": "00:14:00", "end": "00:14:04", "text": "traditional investors in a bigger way"}, {"start": "00:14:02", "end": "00:14:05", "text": "and um you know some of the"}, {"start": "00:14:04", "end": "00:14:07", "text": "conversations we had were saying well"}, {"start": "00:14:05", "end": "00:14:08", "text": "wait a minute you know look at the"}, {"start": "00:14:07", "end": "00:14:10", "text": "transition right now that's happening in"}, {"start": "00:14:08", "end": "00:14:13", "text": "the market. You are seeing a next"}, {"start": "00:14:10", "end": "00:14:16", "text": "generation investor coming to the market"}, {"start": "00:14:13", "end": "00:14:19", "text": "right now. They're already very familiar"}, {"start": "00:14:16", "end": "00:14:22", "text": "with this. This doesn't even hold them"}, {"start": "00:14:19", "end": "00:14:25", "text": "back one iota compared to what a tradi"}, {"start": "00:14:22", "end": "00:14:27", "text": "investor might do looking back into this"}, {"start": "00:14:25", "end": "00:14:29", "text": "market a few years from now. So big"}, {"start": "00:14:27", "end": "00:14:30", "text": "difference."}, {"start": "00:14:29", "end": "00:14:32", "text": ">> Paul, you nailed it. In fact, I talk"}, {"start": "00:14:30", "end": "00:14:36", "text": "about this in my new book. One needs to"}, {"start": "00:14:32", "end": "00:14:39", "text": "think about investment generationally."}, {"start": "00:14:36", "end": "00:14:41", "text": "You know, our parents' generation"}, {"start": "00:14:39", "end": "00:14:43", "text": "that that saw the stock market in a very"}, {"start": "00:14:41", "end": "00:14:45", "text": "traditional way is, you know, eventually"}, {"start": "00:14:43", "end": "00:14:47", "text": "yielding. We're talking about a huge"}, {"start": "00:14:45", "end": "00:14:49", "text": "money transfer between one generation to"}, {"start": "00:14:47", "end": "00:14:51", "text": "another. To a younger generation that"}, {"start": "00:14:49", "end": "00:14:52", "text": "had been playing video games and trading"}, {"start": "00:14:51", "end": "00:14:54", "text": "game tokens"}, {"start": "00:14:52", "end": "00:14:58", "text": ">> since they were 16 years old in their"}, {"start": "00:14:54", "end": "00:14:59", "text": "parents' basement, they are not going to"}, {"start": "00:14:58", "end": "00:15:02", "text": "trade the way their parents do. They"}, {"start": "00:14:59", "end": "00:15:04", "text": "expect in the type of instantaneous"}, {"start": "00:15:02", "end": "00:15:07", "text": "transactional capability that only"}, {"start": "00:15:04", "end": "00:15:08", "text": "blockchainbased finance can give them."}, {"start": "00:15:07", "end": "00:15:10", "text": "and and not only they entering into"}, {"start": "00:15:08", "end": "00:15:12", "text": "their investment years, they're also"}, {"start": "00:15:10", "end": "00:15:13", "text": "entering into their government service"}, {"start": "00:15:12", "end": "00:15:15", "text": "years."}, {"start": "00:15:13", "end": "00:15:17", "text": ">> You know, they are going to replace uh"}, {"start": "00:15:15", "end": "00:15:19", "text": "the J Pals at the Fed. They're going to"}, {"start": "00:15:17", "end": "00:15:21", "text": "replace ultimately Elizabeth Warren in"}, {"start": "00:15:19", "end": "00:15:23", "text": "the Senate. They're going to replace"}, {"start": "00:15:21", "end": "00:15:25", "text": "both Paul Atkins and Mike Celig"}, {"start": "00:15:23", "end": "00:15:27", "text": "eventually at the CFTC and the SEC. And"}, {"start": "00:15:25", "end": "00:15:31", "text": "they're going to bring with them an"}, {"start": "00:15:27", "end": "00:15:34", "text": "expectation of of digital finance, of"}, {"start": "00:15:31", "end": "00:15:36", "text": "digital network finance. And so time is"}, {"start": "00:15:34", "end": "00:15:39", "text": "very much on the side of these"}, {"start": "00:15:36", "end": "00:15:41", "text": "innovators because the the the the user"}, {"start": "00:15:39", "end": "00:15:44", "text": "experience they're developing for their"}, {"start": "00:15:41", "end": "00:15:46", "text": "users are tomorrow's future uh major"}, {"start": "00:15:44", "end": "00:15:48", "text": "major investors and not just on the"}, {"start": "00:15:46", "end": "00:15:49", "text": "retail side. They're going to the"}, {"start": "00:15:48", "end": "00:15:52", "text": "Fidelities, they're going to the Black"}, {"start": "00:15:49", "end": "00:15:53", "text": "Rocks, they're going to the JP Morgans"}, {"start": "00:15:52", "end": "00:15:56", "text": "and they're bringing those same"}, {"start": "00:15:53", "end": "00:15:58", "text": "experiences and expectations with them."}, {"start": "00:15:56", "end": "00:16:01", "text": "Yeah, I think you're right in the sense"}, {"start": "00:15:58", "end": "00:16:03", "text": "that many of the forwardthinking"}, {"start": "00:16:01", "end": "00:16:05", "text": "financial institutions that"}, {"start": "00:16:03", "end": "00:16:07", "text": "institutional capital guys that are out"}, {"start": "00:16:05", "end": "00:16:10", "text": "there playing in this market right now"}, {"start": "00:16:07", "end": "00:16:12", "text": "have been for maybe the last two years."}, {"start": "00:16:10", "end": "00:16:15", "text": "They clearly are getting a lot of the"}, {"start": "00:16:12", "end": "00:16:17", "text": "indicators from many of the next"}, {"start": "00:16:15", "end": "00:16:18", "text": "generation finance whiz kids that are"}, {"start": "00:16:17", "end": "00:16:21", "text": "essentially kind of starting to play in"}, {"start": "00:16:18", "end": "00:16:23", "text": "this market on an everyday basis. So"}, {"start": "00:16:21", "end": "00:16:26", "text": "that is a big deal. I want to jump over"}, {"start": "00:16:23", "end": "00:16:27", "text": "to how tokenized stocks may work because"}, {"start": "00:16:26", "end": "00:16:30", "text": "this is going to be something that I"}, {"start": "00:16:27", "end": "00:16:33", "text": "think may come out in the public very"}, {"start": "00:16:30", "end": "00:16:35", "text": "quickly. It's not been out there on CNBC"}, {"start": "00:16:33", "end": "00:16:39", "text": "and everybody talking about it, but I"}, {"start": "00:16:35", "end": "00:16:43", "text": "want to know which moronic companies"}, {"start": "00:16:39", "end": "00:16:45", "text": "would be not willing to make their"}, {"start": "00:16:43", "end": "00:16:47", "text": "stocks available in the tokenized"}, {"start": "00:16:45", "end": "00:16:49", "text": "market. I, you know, I'm thinking, not"}, {"start": "00:16:47", "end": "00:16:50", "text": "that I'm saying anything about AMC or"}, {"start": "00:16:49", "end": "00:16:52", "text": "anything, you know, I understand, you"}, {"start": "00:16:50", "end": "00:16:55", "text": "know, that's just the beginning of the"}, {"start": "00:16:52", "end": "00:16:56", "text": "morons that are out there, but are there"}, {"start": "00:16:55", "end": "00:16:59", "text": "others out there that are waiting to"}, {"start": "00:16:56", "end": "00:17:02", "text": "come in on this?"}, {"start": "00:16:59", "end": "00:17:05", "text": ">> That's a great question. Um, I I imagine"}, {"start": "00:17:02", "end": "00:17:07", "text": "there are because, you know, we all grew"}, {"start": "00:17:05", "end": "00:17:10", "text": "up reading, you know, crossing the chasm"}, {"start": "00:17:07", "end": "00:17:12", "text": "and we understand in any tech cycle,"}, {"start": "00:17:10", "end": "00:17:14", "text": "there's early adopters, there's late"}, {"start": "00:17:12", "end": "00:17:16", "text": "adopters, and there's the broad bell"}, {"start": "00:17:14", "end": "00:17:18", "text": "curve in the middle. Well, there's some"}, {"start": "00:17:16", "end": "00:17:21", "text": "late adopters, I'm sure, out there, uh,"}, {"start": "00:17:18", "end": "00:17:23", "text": "that will be lagards to this, but you"}, {"start": "00:17:21", "end": "00:17:25", "text": "know, I I ran a public company, GFI"}, {"start": "00:17:23", "end": "00:17:27", "text": "Group, 20 years ago back in the analog"}, {"start": "00:17:25", "end": "00:17:30", "text": "era. We were a financial service"}, {"start": "00:17:27", "end": "00:17:33", "text": "company. We were publicly traded and we"}, {"start": "00:17:30", "end": "00:17:36", "text": "were lucky if we knew who um, you know,"}, {"start": "00:17:33", "end": "00:17:38", "text": "20% 30% of our shareholders were because"}, {"start": "00:17:36", "end": "00:17:40", "text": "most of our shareholders held their"}, {"start": "00:17:38", "end": "00:17:42", "text": "shares in street name and other name and"}, {"start": "00:17:40", "end": "00:17:46", "text": "and we had no privity of contract. We"}, {"start": "00:17:42", "end": "00:17:49", "text": "were totally reliant on um you know"}, {"start": "00:17:46", "end": "00:17:50", "text": "proxy uh service companies and others to"}, {"start": "00:17:49", "end": "00:17:52", "text": "communicate with the middlemen to"}, {"start": "00:17:50", "end": "00:17:54", "text": "communicate with our own shareholders."}, {"start": "00:17:52", "end": "00:17:56", "text": ">> What token you know people talk about"}, {"start": "00:17:54", "end": "00:17:59", "text": "tokenization from an investor point of"}, {"start": "00:17:56", "end": "00:18:02", "text": "view but actually it's the other side of"}, {"start": "00:17:59", "end": "00:18:04", "text": "the coin. It's the investment it it's"}, {"start": "00:18:02", "end": "00:18:06", "text": "it's the issuer point of view that"}, {"start": "00:18:04", "end": "00:18:09", "text": "tokenization is really attractive to."}, {"start": "00:18:06", "end": "00:18:11", "text": "Imagine if back in my days running GFI,"}, {"start": "00:18:09", "end": "00:18:13", "text": "I could have known who every one of my"}, {"start": "00:18:11", "end": "00:18:14", "text": "investors are because they held a"}, {"start": "00:18:13", "end": "00:18:17", "text": "tokenized instrument and I could have"}, {"start": "00:18:14", "end": "00:18:19", "text": "offered them uh registration rights. I"}, {"start": "00:18:17", "end": "00:18:22", "text": "could have offered them all kinds of"}, {"start": "00:18:19", "end": "00:18:24", "text": "issues because of a shareholding. And in"}, {"start": "00:18:22", "end": "00:18:27", "text": "every in in every case, I think issuers"}, {"start": "00:18:24", "end": "00:18:29", "text": "once they get used to the direct access"}, {"start": "00:18:27", "end": "00:18:30", "text": "to their investors they're going to have"}, {"start": "00:18:29", "end": "00:18:33", "text": "with tokenized securities, there's going"}, {"start": "00:18:30", "end": "00:18:35", "text": "to be no turning back on this. in in the"}, {"start": "00:18:33", "end": "00:18:38", "text": "same way that you know by the way um uh"}, {"start": "00:18:35", "end": "00:18:40", "text": "I know some people still send letters in"}, {"start": "00:18:38", "end": "00:18:43", "text": "the mail uh but it's been a long time"}, {"start": "00:18:40", "end": "00:18:45", "text": "since I've sent one um because it you"}, {"start": "00:18:43", "end": "00:18:46", "text": "know instantaneous mail and email is so"}, {"start": "00:18:45", "end": "00:18:49", "text": "quick. It's been a long time since I"}, {"start": "00:18:46", "end": "00:18:51", "text": "took a film photograph because digital"}, {"start": "00:18:49", "end": "00:18:53", "text": "photography not only allows me to take"}, {"start": "00:18:51", "end": "00:18:55", "text": "an instant photograph, it allows me to"}, {"start": "00:18:53", "end": "00:18:57", "text": "post it and send it and do all kinds of"}, {"start": "00:18:55", "end": "00:18:59", "text": "network things. The same thing is going"}, {"start": "00:18:57", "end": "00:19:02", "text": "to be true about shares once they're in"}, {"start": "00:18:59", "end": "00:19:04", "text": "tokenized form. Well, listen, times are"}, {"start": "00:19:02", "end": "00:19:06", "text": "changing. Got Ando right here. Starting"}, {"start": "00:19:04", "end": "00:19:08", "text": "today, approved institutions can use"}, {"start": "00:19:06", "end": "00:19:09", "text": "shares they already hold to mint ono"}, {"start": "00:19:08", "end": "00:19:11", "text": "stocks through Alpaca's instant"}, {"start": "00:19:09", "end": "00:19:13", "text": "tokenization network. This is just an"}, {"start": "00:19:11", "end": "00:19:15", "text": "example of those that would be able to"}, {"start": "00:19:13", "end": "00:19:16", "text": "execute on that. Then you have some"}, {"start": "00:19:15", "end": "00:19:18", "text": "other things happening out there. I"}, {"start": "00:19:16", "end": "00:19:20", "text": "thought this was intriguing in in"}, {"start": "00:19:18", "end": "00:19:22", "text": "general. And if you look at this"}, {"start": "00:19:20", "end": "00:19:24", "text": "statement here, you can continue to"}, {"start": "00:19:22", "end": "00:19:26", "text": "enjoy an additional 10% yield on every"}, {"start": "00:19:24", "end": "00:19:29", "text": "dollar you invest. This is in reference"}, {"start": "00:19:26", "end": "00:19:31", "text": "to the glider mag 7. Remember the Mag 7X"}, {"start": "00:19:29", "end": "00:19:33", "text": "portfolio was designed by Bitwise out"}, {"start": "00:19:31", "end": "00:19:36", "text": "there. So it continues to and I think"}, {"start": "00:19:33", "end": "00:19:37", "text": "we're going to see these kinds of things"}, {"start": "00:19:36", "end": "00:19:38", "text": "starting to really break loose."}, {"start": "00:19:37", "end": "00:19:39", "text": ">> Absolutely."}, {"start": "00:19:38", "end": "00:19:42", "text": ">> And I just wonder when you look at"}, {"start": "00:19:39", "end": "00:19:43", "text": "equity airdrops that are incoming. Yeah."}, {"start": "00:19:42", "end": "00:19:45", "text": ">> We've seen a handful that are starting"}, {"start": "00:19:43", "end": "00:19:47", "text": "to play into this."}, {"start": "00:19:45", "end": "00:19:50", "text": ">> This seems like this could work for"}, {"start": "00:19:47", "end": "00:19:53", "text": "almost any company out there that wanted"}, {"start": "00:19:50", "end": "00:19:55", "text": "to create loyalty, you know, around"}, {"start": "00:19:53", "end": "00:19:57", "text": "their brand or around a token, you know,"}, {"start": "00:19:55", "end": "00:20:00", "text": "whatever it might be. I know the guys"}, {"start": "00:19:57", "end": "00:20:01", "text": "out there with Clinosaurs just did this"}, {"start": "00:20:00", "end": "00:20:03", "text": "announcement where they're they're"}, {"start": "00:20:01", "end": "00:20:05", "text": "actually going to get 15% brand equity."}, {"start": "00:20:03", "end": "00:20:09", "text": "This is remember guys, this was a meme"}, {"start": "00:20:05", "end": "00:20:13", "text": "token that was an NFT and now they're"}, {"start": "00:20:09", "end": "00:20:15", "text": "getting uh essentially allocation to um"}, {"start": "00:20:13", "end": "00:20:17", "text": "in general on an equity basis. So I'm"}, {"start": "00:20:15", "end": "00:20:18", "text": "just curious,"}, {"start": "00:20:17", "end": "00:20:20", "text": ">> do you think we'll see"}, {"start": "00:20:18", "end": "00:20:23", "text": ">> this is why this technology is is so"}, {"start": "00:20:20", "end": "00:20:25", "text": "this technology is so innovative, right?"}, {"start": "00:20:23", "end": "00:20:27", "text": "You know, in in the traditional analog"}, {"start": "00:20:25", "end": "00:20:29", "text": "world of stocks and bonds, you know, on"}, {"start": "00:20:27", "end": "00:20:31", "text": "bonds, you'd get your yield on on"}, {"start": "00:20:29", "end": "00:20:33", "text": "equity. You might get a dividend now and"}, {"start": "00:20:31", "end": "00:20:35", "text": "then or it would be beneficial of a"}, {"start": "00:20:33", "end": "00:20:38", "text": "stock buyback. But but other than that,"}, {"start": "00:20:35", "end": "00:20:40", "text": "it's very hard for issuers to reward"}, {"start": "00:20:38", "end": "00:20:42", "text": "their shareholders"}, {"start": "00:20:40", "end": "00:20:43", "text": ">> through the instrument of their equity"}, {"start": "00:20:42", "end": "00:20:46", "text": "interest. what with tokenization, we're"}, {"start": "00:20:43", "end": "00:20:48", "text": "going to find all kinds of novel ways of"}, {"start": "00:20:46", "end": "00:20:50", "text": "issuers in in a very efficient way"}, {"start": "00:20:48", "end": "00:20:53", "text": "because you won't have as many middlemen"}, {"start": "00:20:50", "end": "00:20:55", "text": "uh being able to reward loyalty to the"}, {"start": "00:20:53", "end": "00:20:57", "text": "company and investment in the company."}, {"start": "00:20:55", "end": "00:20:58", "text": "Um, and I think we're just on the tip of"}, {"start": "00:20:57", "end": "00:21:00", "text": "the iceberg"}, {"start": "00:20:58", "end": "00:21:03", "text": ">> of what's coming down the pike."}, {"start": "00:21:00", "end": "00:21:05", "text": ">> You look at companies that are out there"}, {"start": "00:21:03", "end": "00:21:07", "text": "like, you know, almost any retail"}, {"start": "00:21:05", "end": "00:21:09", "text": "company that could use this in a loyalty"}, {"start": "00:21:07", "end": "00:21:11", "text": "platform. you know, if you were holding"}, {"start": "00:21:09", "end": "00:21:13", "text": "loyalty points or some sort of whether"}, {"start": "00:21:11", "end": "00:21:15", "text": "you're a Starbucks or a McDonald's user"}, {"start": "00:21:13", "end": "00:21:17", "text": "or, you know, you name the company or"}, {"start": "00:21:15", "end": "00:21:18", "text": "the industry. I mean, even Tesla could"}, {"start": "00:21:17", "end": "00:21:20", "text": "probably go this direction. They have"}, {"start": "00:21:18", "end": "00:21:22", "text": "reward points for the loyal members that"}, {"start": "00:21:20", "end": "00:21:26", "text": "have purchased multiple Teslas and being"}, {"start": "00:21:22", "end": "00:21:29", "text": "able to maybe allocate a sliver of a"}, {"start": "00:21:26", "end": "00:21:32", "text": "publicly traded position into those"}, {"start": "00:21:29", "end": "00:21:35", "text": "member. Would that start to"}, {"start": "00:21:32", "end": "00:21:37", "text": "get in the way of the SEC maybe coming"}, {"start": "00:21:35", "end": "00:21:39", "text": "in and looking at this differently than"}, {"start": "00:21:37", "end": "00:21:40", "text": "what? Because a lot of times those"}, {"start": "00:21:39", "end": "00:21:43", "text": "loyalty programs are meant just to"}, {"start": "00:21:40", "end": "00:21:45", "text": "create loyalty, not really to reward"}, {"start": "00:21:43", "end": "00:21:47", "text": "something like this. Do you think"}, {"start": "00:21:45", "end": "00:21:49", "text": "there's a possibility that the SEC could"}, {"start": "00:21:47", "end": "00:21:49", "text": "ever kind of clamp down on that kind of"}, {"start": "00:21:49", "end": "00:21:51", "text": "strategy?"}, {"start": "00:21:49", "end": "00:21:53", "text": ">> Well, uh, you know, an Elizabeth Warren"}, {"start": "00:21:51", "end": "00:21:55", "text": "run SEC probably would. Sure."}, {"start": "00:21:53", "end": "00:21:58", "text": ">> I I'm not sure that's the direction of"}, {"start": "00:21:55", "end": "00:22:00", "text": "the current SEC. I think the current SEC"}, {"start": "00:21:58", "end": "00:22:02", "text": "says we're not going to direct the"}, {"start": "00:22:00", "end": "00:22:04", "text": "technology. We're going to let the"}, {"start": "00:22:02", "end": "00:22:07", "text": "technology blossom and then we'll find"}, {"start": "00:22:04", "end": "00:22:09", "text": "out what regulatory guard rails we put"}, {"start": "00:22:07", "end": "00:22:13", "text": "put around it because this technology"}, {"start": "00:22:09", "end": "00:22:15", "text": "enables new benefits for investors. My"}, {"start": "00:22:13", "end": "00:22:16", "text": "guess is a Paul Atkins run SEC is going"}, {"start": "00:22:15", "end": "00:22:17", "text": "to say that's a good thing."}, {"start": "00:22:16", "end": "00:22:18", "text": ">> Yeah,"}, {"start": "00:22:17", "end": "00:22:20", "text": ">> that's not a bad thing. That's a good"}, {"start": "00:22:18", "end": "00:22:22", "text": "thing. So now how do we add the right"}, {"start": "00:22:20", "end": "00:22:24", "text": "regulation around it? You know, I I was"}, {"start": "00:22:22", "end": "00:22:28", "text": "fully expecting the passage of the"}, {"start": "00:22:24", "end": "00:22:32", "text": "Genius Act to result in stable coins"}, {"start": "00:22:28", "end": "00:22:36", "text": "issuance by the likes of of of um uh"}, {"start": "00:22:32", "end": "00:22:39", "text": "Walmart and and and Target and other big"}, {"start": "00:22:36", "end": "00:22:41", "text": "box retailers as well as Macy's where"}, {"start": "00:22:39", "end": "00:22:42", "text": "they would be able to provide stable"}, {"start": "00:22:41", "end": "00:22:46", "text": "coins to their users and with those"}, {"start": "00:22:42", "end": "00:22:49", "text": "stable coins would come um sale items,"}, {"start": "00:22:46", "end": "00:22:51", "text": "early early purchase items, reward"}, {"start": "00:22:49", "end": "00:22:54", "text": "systems. I think that still may be out"}, {"start": "00:22:51", "end": "00:22:57", "text": "in the future. It certainly empowers it."}, {"start": "00:22:54", "end": "00:22:59", "text": "You know, if you were um a Macy's and"}, {"start": "00:22:57", "end": "00:23:02", "text": "your customers are coming in using Visa,"}, {"start": "00:22:59", "end": "00:23:04", "text": "Mastercard, it doesn't do you mo much"}, {"start": "00:23:02", "end": "00:23:07", "text": "good if but if they came in using a"}, {"start": "00:23:04", "end": "00:23:09", "text": "Macy's stable coin and you could say to"}, {"start": "00:23:07", "end": "00:23:11", "text": "Macy's stablecoin users, you get an"}, {"start": "00:23:09", "end": "00:23:13", "text": "additional 5% off, you get early notice"}, {"start": "00:23:11", "end": "00:23:16", "text": "of certain sales, you get other"}, {"start": "00:23:13", "end": "00:23:17", "text": "discounts. Uh that seemed to me to make"}, {"start": "00:23:16", "end": "00:23:20", "text": "a lot of sense. I think you might see a"}, {"start": "00:23:17", "end": "00:23:22", "text": "similar thing happen with tokenized"}, {"start": "00:23:20", "end": "00:23:23", "text": "securities where if you're a shareholder"}, {"start": "00:23:22", "end": "00:23:25", "text": "in the company, you're a Macy's"}, {"start": "00:23:23", "end": "00:23:27", "text": "shareholder,"}, {"start": "00:23:25", "end": "00:23:30", "text": ">> you get an additional 5% off. So, it"}, {"start": "00:23:27", "end": "00:23:32", "text": "pays to own Macy's equity. Um, again,"}, {"start": "00:23:30", "end": "00:23:35", "text": "we're we're looking at a new technology"}, {"start": "00:23:32", "end": "00:23:36", "text": "that enables these. They could have been"}, {"start": "00:23:35", "end": "00:23:39", "text": "done before, but it would be very, very"}, {"start": "00:23:36", "end": "00:23:42", "text": "hard to do in our analog shareholding"}, {"start": "00:23:39", "end": "00:23:44", "text": "system. This technology unlocks that"}, {"start": "00:23:42", "end": "00:23:46", "text": "opportunity. And I think the right"}, {"start": "00:23:44", "end": "00:23:48", "text": "response, and I think you'll get the"}, {"start": "00:23:46", "end": "00:23:51", "text": "right response from regulators, as we"}, {"start": "00:23:48", "end": "00:23:52", "text": "have today at the SEC and the CFTC, is"}, {"start": "00:23:51", "end": "00:23:54", "text": "to say, \"We're not going to stop these"}, {"start": "00:23:52", "end": "00:23:55", "text": "good things. We're just going to put"}, {"start": "00:23:54", "end": "00:23:57", "text": "these good things in the appropriate"}, {"start": "00:23:55", "end": "00:24:00", "text": "regulatory framework.\""}, {"start": "00:23:57", "end": "00:24:02", "text": ">> Yeah. Well, I I hear you, Chris, and I"}, {"start": "00:24:00", "end": "00:24:04", "text": "believe that you're in the right place"}, {"start": "00:24:02", "end": "00:24:06", "text": "because I know you've gone through this."}, {"start": "00:24:04", "end": "00:24:08", "text": "You've had a chance to kind of shift"}, {"start": "00:24:06", "end": "00:24:10", "text": "policy for the CFTC before, and it"}, {"start": "00:24:08", "end": "00:24:12", "text": "stuck, and that stuck through"}, {"start": "00:24:10", "end": "00:24:14", "text": "administrations."}, {"start": "00:24:12", "end": "00:24:16", "text": ">> Yeah. So, that's a good point. We did a"}, {"start": "00:24:14", "end": "00:24:20", "text": "video on this one, guys. If you didn't"}, {"start": "00:24:16", "end": "00:24:22", "text": "watch this uh this brawl between what"}, {"start": "00:24:20", "end": "00:24:24", "text": "was happening uh between DeFi and"}, {"start": "00:24:22", "end": "00:24:27", "text": "Tradfi, and we had the whole uh"}, {"start": "00:24:24", "end": "00:24:30", "text": "breakdown here on the CFTC, and and this"}, {"start": "00:24:27", "end": "00:24:33", "text": "was Celig's uh basically versus Terry"}, {"start": "00:24:30", "end": "00:24:36", "text": "Duffy. Um and it was interesting. If"}, {"start": "00:24:33", "end": "00:24:37", "text": "anything, it was very entertaining."}, {"start": "00:24:36", "end": "00:24:38", "text": ">> I tell your audience, if they haven't"}, {"start": "00:24:37", "end": "00:24:40", "text": "seen it, they've got to watch this. They"}, {"start": "00:24:38", "end": "00:24:41", "text": "got to watch this one"}, {"start": "00:24:40", "end": "00:24:43", "text": ">> because we record we got some of the"}, {"start": "00:24:41", "end": "00:24:45", "text": "best clips. Um"}, {"start": "00:24:43", "end": "00:24:47", "text": ">> this isn't championship wrestling that's"}, {"start": "00:24:45", "end": "00:24:49", "text": "all scripted. This is live and on the"}, {"start": "00:24:47", "end": "00:24:52", "text": "air."}, {"start": "00:24:49", "end": "00:24:54", "text": ">> So my question is is um does Terry Duffy"}, {"start": "00:24:52", "end": "00:24:57", "text": "just sit back and bite his time here?"}, {"start": "00:24:54", "end": "00:24:59", "text": "Just wait for a new administration"}, {"start": "00:24:57", "end": "00:25:02", "text": "and does this put a lot of pressure on"}, {"start": "00:24:59", "end": "00:25:05", "text": "these innovators to get their clamps"}, {"start": "00:25:02", "end": "00:25:07", "text": "into this market much faster?"}, {"start": "00:25:05", "end": "00:25:09", "text": "Well, let me let me tip my hat to Terry"}, {"start": "00:25:07", "end": "00:25:11", "text": "Duffy, who I've had the pleasure of"}, {"start": "00:25:09", "end": "00:25:13", "text": "knowing for 20 years. Terry's a brawler."}, {"start": "00:25:11", "end": "00:25:16", "text": "Uh he comes from the south side of"}, {"start": "00:25:13", "end": "00:25:18", "text": "Chicago, not the Tony up north side. Uh"}, {"start": "00:25:16", "end": "00:25:21", "text": "he's, you know, he's a rough and tumble"}, {"start": "00:25:18", "end": "00:25:23", "text": "guy and he's not afraid to lay down what"}, {"start": "00:25:21", "end": "00:25:25", "text": "he thinks in the best interest of his"}, {"start": "00:25:23", "end": "00:25:28", "text": "company and his shareholders as any good"}, {"start": "00:25:25", "end": "00:25:30", "text": "CEO would do. Um I don't think at the"}, {"start": "00:25:28", "end": "00:25:32", "text": "end of the day any of this is personal."}, {"start": "00:25:30", "end": "00:25:34", "text": "Um, I think this is Terry being Terry."}, {"start": "00:25:32", "end": "00:25:36", "text": "And I think, by the way, Mike Celig is"}, {"start": "00:25:34", "end": "00:25:38", "text": "no slouch either. He may be a young man,"}, {"start": "00:25:36", "end": "00:25:39", "text": "but he's he's he's as tough as nails,"}, {"start": "00:25:38", "end": "00:25:42", "text": "and he's going to give as good as he"}, {"start": "00:25:39", "end": "00:25:44", "text": "gets. Um, look, you know, innovation"}, {"start": "00:25:42", "end": "00:25:47", "text": "sometimes comes slow, sometimes comes"}, {"start": "00:25:44", "end": "00:25:51", "text": "fast, and sometimes can catch businesses"}, {"start": "00:25:47", "end": "00:25:54", "text": "um a little bit um caught off guard. I I"}, {"start": "00:25:51", "end": "00:25:57", "text": "think u CME will do just fine. By the"}, {"start": "00:25:54", "end": "00:25:58", "text": "way, I I say this full full disclosure,"}, {"start": "00:25:57", "end": "00:26:01", "text": "I'm a CME shareholder. I have a lot of"}, {"start": "00:25:58", "end": "00:26:03", "text": "respect uh for what they built. I I"}, {"start": "00:26:01", "end": "00:26:05", "text": "don't I think the march of innovation"}, {"start": "00:26:03", "end": "00:26:07", "text": "will go on. I think the CME will find"}, {"start": "00:26:05", "end": "00:26:09", "text": "their way through it and I think the"}, {"start": "00:26:07", "end": "00:26:12", "text": "CFTC will continue uh with their"}, {"start": "00:26:09", "end": "00:26:13", "text": "approach to things. So, okay. Uh but it"}, {"start": "00:26:12", "end": "00:26:15", "text": "was a great it was a great moment of"}, {"start": "00:26:13", "end": "00:26:18", "text": "live television. Don't miss it. Uh"}, {"start": "00:26:15", "end": "00:26:20", "text": "ladies and gentlemen,"}, {"start": "00:26:18", "end": "00:26:22", "text": ">> listen, over the weekend we had a little"}, {"start": "00:26:20", "end": "00:26:24", "text": "bit of a brawl going out there with"}, {"start": "00:26:22", "end": "00:26:26", "text": "calcium poly market. Uh this was an"}, {"start": "00:26:24", "end": "00:26:28", "text": "interesting statement. Anyone can become"}, {"start": "00:26:26", "end": "00:26:30", "text": "a self-clearing member of the CFTC"}, {"start": "00:26:28", "end": "00:26:33", "text": "regulated exchange as long as they meet"}, {"start": "00:26:30", "end": "00:26:36", "text": "a regulatory requirement. Fair access is"}, {"start": "00:26:33", "end": "00:26:37", "text": "a reggg requirement for us. And this is"}, {"start": "00:26:36", "end": "00:26:40", "text": "what uh they were getting at. This is"}, {"start": "00:26:37", "end": "00:26:43", "text": "one of the calls you guys. My question"}, {"start": "00:26:40", "end": "00:26:46", "text": "is um is poly market in a better"}, {"start": "00:26:43", "end": "00:26:47", "text": "position right now for being able to"}, {"start": "00:26:46", "end": "00:26:51", "text": "take advantage of what's coming out of"}, {"start": "00:26:47", "end": "00:26:54", "text": "the CFTC and the SEC?"}, {"start": "00:26:51", "end": "00:26:56", "text": "Well, you know, let me let me lay a kind"}, {"start": "00:26:54", "end": "00:26:59", "text": "of a framework to think about this for"}, {"start": "00:26:56", "end": "00:27:02", "text": "your audience. Khi and Poly Market may"}, {"start": "00:26:59", "end": "00:27:05", "text": "in many cases appeal to the same market"}, {"start": "00:27:02", "end": "00:27:07", "text": "participants and compete for their"}, {"start": "00:27:05", "end": "00:27:10", "text": "patronage, but the two platforms were"}, {"start": "00:27:07", "end": "00:27:13", "text": "formed with very different principles in"}, {"start": "00:27:10", "end": "00:27:17", "text": "mind. Poly Market always aimed to be by"}, {"start": "00:27:13", "end": "00:27:19", "text": "its very name Poly Market a platform"}, {"start": "00:27:17", "end": "00:27:22", "text": "where people could go on the platform"}, {"start": "00:27:19", "end": "00:27:24", "text": "and create their own marketplaces. Their"}, {"start": "00:27:22", "end": "00:27:27", "text": "ultimate goal is to be something of a"}, {"start": "00:27:24", "end": "00:27:30", "text": "Microsoft operating system for people to"}, {"start": "00:27:27", "end": "00:27:32", "text": "create marketplaces and therefore they"}, {"start": "00:27:30", "end": "00:27:34", "text": "always aspire to the type of"}, {"start": "00:27:32", "end": "00:27:37", "text": "decentralized platform that their"}, {"start": "00:27:34", "end": "00:27:41", "text": "international platform is."}, {"start": "00:27:37", "end": "00:27:44", "text": "Unfortunately, under uh CFDC"}, {"start": "00:27:41", "end": "00:27:46", "text": "regulation here to four, it doesn't"}, {"start": "00:27:44", "end": "00:27:49", "text": "really reguli recognize"}, {"start": "00:27:46", "end": "00:27:52", "text": "decentralization. It requires a a"}, {"start": "00:27:49", "end": "00:27:54", "text": "centralized operator um in order to get"}, {"start": "00:27:52", "end": "00:27:56", "text": "a DCM registration."}, {"start": "00:27:54", "end": "00:27:59", "text": ">> Kelchi, on the other hand, was always"}, {"start": "00:27:56", "end": "00:28:01", "text": "meant to be US compliant. From day one,"}, {"start": "00:27:59", "end": "00:28:04", "text": "it was meant to be US compliant and"}, {"start": "00:28:01", "end": "00:28:05", "text": "therefore it's far more centralized"}, {"start": "00:28:04", "end": "00:28:08", "text": "certainly than the polyarket offshore"}, {"start": "00:28:05", "end": "00:28:10", "text": "platform. Now to operate onshore, Poly"}, {"start": "00:28:08", "end": "00:28:12", "text": "Market acquired a more traditional"}, {"start": "00:28:10", "end": "00:28:15", "text": "exchange and today it operates both its"}, {"start": "00:28:12", "end": "00:28:17", "text": "offshore more decentralized platform and"}, {"start": "00:28:15", "end": "00:28:19", "text": "its onshore centralized platform where"}, {"start": "00:28:17", "end": "00:28:22", "text": "Kelshi pretty much operates everything"}, {"start": "00:28:19", "end": "00:28:24", "text": "through its US platform. That I'm not"}, {"start": "00:28:22", "end": "00:28:26", "text": "being a critic of either one. They both"}, {"start": "00:28:24", "end": "00:28:29", "text": "came to this with a with a different"}, {"start": "00:28:26", "end": "00:28:31", "text": "orientation and today those different"}, {"start": "00:28:29", "end": "00:28:33", "text": "orientations run through the DNA of the"}, {"start": "00:28:31", "end": "00:28:35", "text": "two firms. I think they're both fine"}, {"start": "00:28:33", "end": "00:28:38", "text": "firms. I think they have both"}, {"start": "00:28:35", "end": "00:28:40", "text": "demonstrated that prediction markets are"}, {"start": "00:28:38", "end": "00:28:42", "text": "not just attractive to those who"}, {"start": "00:28:40", "end": "00:28:45", "text": "participate and they're attractive to"}, {"start": "00:28:42", "end": "00:28:47", "text": "all of us that that want to see some"}, {"start": "00:28:45", "end": "00:28:51", "text": "indication of what the future may be"}, {"start": "00:28:47", "end": "00:28:52", "text": "without relying on dodgy polls but can"}, {"start": "00:28:51", "end": "00:28:54", "text": "look at the wisdom of the crowds and I"}, {"start": "00:28:52", "end": "00:28:56", "text": "think they both do that in a very good"}, {"start": "00:28:54", "end": "00:28:58", "text": "way and I think both of them have real"}, {"start": "00:28:56", "end": "00:29:00", "text": "staying power. I think prediction"}, {"start": "00:28:58", "end": "00:29:02", "text": "markets are here to stay in the same way"}, {"start": "00:29:00", "end": "00:29:04", "text": "that the general public likes the"}, {"start": "00:29:02", "end": "00:29:07", "text": "weather report even if it's occasionally"}, {"start": "00:29:04", "end": "00:29:09", "text": "10% wrong. People like prediction"}, {"start": "00:29:07", "end": "00:29:11", "text": "markets because most of the time it's"}, {"start": "00:29:09", "end": "00:29:13", "text": "90% right and people like certainty. So"}, {"start": "00:29:11", "end": "00:29:15", "text": "I don't think these these markets are in"}, {"start": "00:29:13", "end": "00:29:18", "text": "any way going away. They're approaching"}, {"start": "00:29:15", "end": "00:29:21", "text": "it from different ways. Now it's well"}, {"start": "00:29:18", "end": "00:29:22", "text": "known that the two CEOs are are very"}, {"start": "00:29:21", "end": "00:29:24", "text": "competitive with each other. the firms"}, {"start": "00:29:22", "end": "00:29:27", "text": "are very competitive with each other and"}, {"start": "00:29:24", "end": "00:29:29", "text": "sometimes that competition spills over"}, {"start": "00:29:27", "end": "00:29:31", "text": "uh into uh social media"}, {"start": "00:29:29", "end": "00:29:33", "text": ">> uh and whatnot but I think there's"}, {"start": "00:29:31", "end": "00:29:35", "text": "plenty of room if there's enough room"}, {"start": "00:29:33", "end": "00:29:37", "text": "for Herz and Visa there's enough room"}, {"start": "00:29:35", "end": "00:29:39", "text": "for Pepsi and Coke there's enough room"}, {"start": "00:29:37", "end": "00:29:40", "text": "for Kel and Poly market in the future"}, {"start": "00:29:39", "end": "00:29:44", "text": "prediction markets"}, {"start": "00:29:40", "end": "00:29:45", "text": ">> well okay granted yes but this is"}, {"start": "00:29:44", "end": "00:29:47", "text": "definitely a different market than Pepsi"}, {"start": "00:29:45", "end": "00:29:49", "text": "and Coke we're talking about essentially"}, {"start": "00:29:47", "end": "00:29:51", "text": "the futures market playing out on the do"}, {"start": "00:29:49", "end": "00:29:53", "text": "you think with all that being said do"}, {"start": "00:29:51", "end": "00:29:55", "text": "you think the room for Ca being ice."}, {"start": "00:29:53", "end": "00:29:58", "text": ">> Okay. Well, that's a good point right"}, {"start": "00:29:55", "end": "00:30:02", "text": "there. Um, but do you think the CFTC"}, {"start": "00:29:58", "end": "00:30:04", "text": "should be in the position to essentially"}, {"start": "00:30:02", "end": "00:30:06", "text": "dictate who the market maker is versus"}, {"start": "00:30:04", "end": "00:30:09", "text": "what you're talking about is essentially"}, {"start": "00:30:06", "end": "00:30:12", "text": "let the market decide."}, {"start": "00:30:09", "end": "00:30:15", "text": ">> Yeah. Now, the CFTC rules have often uh"}, {"start": "00:30:12", "end": "00:30:18", "text": "provided for intermediation"}, {"start": "00:30:15", "end": "00:30:20", "text": "uh into our futures markets. You you as"}, {"start": "00:30:18", "end": "00:30:21", "text": "a retail investor, you you can't go in"}, {"start": "00:30:20", "end": "00:30:24", "text": "directly. you go through a futures"}, {"start": "00:30:21", "end": "00:30:25", "text": "commission merchant. And one of the"}, {"start": "00:30:24", "end": "00:30:29", "text": "things that I know Mike Celig is looking"}, {"start": "00:30:25", "end": "00:30:30", "text": "at is how do we how do we open things up"}, {"start": "00:30:29", "end": "00:30:32", "text": "and democratize things a little bit and"}, {"start": "00:30:30", "end": "00:30:34", "text": "perhaps even create allow for"}, {"start": "00:30:32", "end": "00:30:37", "text": "decentralization in American"}, {"start": "00:30:34", "end": "00:30:41", "text": "marketplaces. It's hard Paul because the"}, {"start": "00:30:37", "end": "00:30:45", "text": "whole structure of CFTC regulation of"}, {"start": "00:30:41", "end": "00:30:47", "text": "markets is to not regulate products but"}, {"start": "00:30:45", "end": "00:30:50", "text": "to regulate platforms. What what the"}, {"start": "00:30:47", "end": "00:30:52", "text": "CFTC basically does is say, \"Okay, you"}, {"start": "00:30:50", "end": "00:30:54", "text": "want to offer plat products into the"}, {"start": "00:30:52", "end": "00:30:57", "text": "market, you've got to register with us"}, {"start": "00:30:54", "end": "00:30:59", "text": "as a platform called the DCM.\" And"}, {"start": "00:30:57", "end": "00:31:00", "text": "that's a rigorous process to get that"}, {"start": "00:30:59", "end": "00:31:02", "text": "license. Under against the gangster"}, {"start": "00:31:00", "end": "00:31:04", "text": "years, it can take three or four years"}, {"start": "00:31:02", "end": "00:31:06", "text": "to get that license. Under the the the"}, {"start": "00:31:04", "end": "00:31:08", "text": "Trump years, it's now down to about nine"}, {"start": "00:31:06", "end": "00:31:11", "text": "months, but it's still a rigorous"}, {"start": "00:31:08", "end": "00:31:14", "text": "process. There's over 150 fields that"}, {"start": "00:31:11", "end": "00:31:15", "text": "need to be satisfied before one can get"}, {"start": "00:31:14", "end": "00:31:19", "text": "that license. everything from cyber"}, {"start": "00:31:15", "end": "00:31:22", "text": "security to uh how accounts are managed,"}, {"start": "00:31:19", "end": "00:31:24", "text": "how money is managed. But once you get"}, {"start": "00:31:22", "end": "00:31:27", "text": "that license, then the CFTC allows you"}, {"start": "00:31:24", "end": "00:31:29", "text": "to launch a product with as little as 24"}, {"start": "00:31:27", "end": "00:31:32", "text": "hours notice because it doesn't want to"}, {"start": "00:31:29", "end": "00:31:35", "text": "stop product innovation. It holds the"}, {"start": "00:31:32", "end": "00:31:37", "text": "platforms responsible for the for making"}, {"start": "00:31:35", "end": "00:31:39", "text": "sure that those products meet the CFTC's"}, {"start": "00:31:37", "end": "00:31:41", "text": "core principles, but it doesn't tell the"}, {"start": "00:31:39", "end": "00:31:42", "text": "platforms how to structure those"}, {"start": "00:31:41", "end": "00:31:44", "text": "products. It doesn't preapprove those"}, {"start": "00:31:42", "end": "00:31:46", "text": "products. very different than a lot of"}, {"start": "00:31:44", "end": "00:31:49", "text": "exchanges around the world."}, {"start": "00:31:46", "end": "00:31:51", "text": ">> And so as we think about Kelshi and Poly"}, {"start": "00:31:49", "end": "00:31:52", "text": "Market coming to this market, the CFTC"}, {"start": "00:31:51", "end": "00:31:55", "text": "needs to think about how does it hold"}, {"start": "00:31:52", "end": "00:31:57", "text": "the platform accountable for meeting"}, {"start": "00:31:55", "end": "00:31:59", "text": "those core principles without stifling"}, {"start": "00:31:57", "end": "00:32:01", "text": "innovation in the development of new"}, {"start": "00:31:59", "end": "00:32:02", "text": "products."}, {"start": "00:32:01", "end": "00:32:06", "text": ">> Yeah."}, {"start": "00:32:02", "end": "00:32:08", "text": ">> All right. So, um, I want to kind of go"}, {"start": "00:32:06", "end": "00:32:11", "text": "in the direction of what could happen"}, {"start": "00:32:08", "end": "00:32:13", "text": "down the road here also with the DTCC,"}, {"start": "00:32:11", "end": "00:32:15", "text": "uh, especially with Hyperlid potentially"}, {"start": "00:32:13", "end": "00:32:16", "text": "being onshored because that's kind of a"}, {"start": "00:32:15", "end": "00:32:18", "text": "directive here even from this"}, {"start": "00:32:16", "end": "00:32:21", "text": "administration. But you got the DTCC"}, {"start": "00:32:18", "end": "00:32:24", "text": "getting ready to start uh, right here in"}, {"start": "00:32:21", "end": "00:32:27", "text": "October. This means Russell 1000 stocks"}, {"start": "00:32:24", "end": "00:32:29", "text": "um, stocks like Nvidia, Apple, etc. All"}, {"start": "00:32:27", "end": "00:32:31", "text": "are going to be eligible to be converted"}, {"start": "00:32:29", "end": "00:32:34", "text": "into blockchain based tokens. So that's"}, {"start": "00:32:31", "end": "00:32:38", "text": "going to happen. Here is my question. If"}, {"start": "00:32:34", "end": "00:32:41", "text": "that launch doesn't go well and we do"}, {"start": "00:32:38", "end": "00:32:43", "text": "see a pullback, I won't say a pullback"}, {"start": "00:32:41", "end": "00:32:47", "text": "from the DTCC, but maybe a position"}, {"start": "00:32:43", "end": "00:32:50", "text": "where they start creating moes around"}, {"start": "00:32:47", "end": "00:32:53", "text": "this to try to lock up this innovation."}, {"start": "00:32:50", "end": "00:32:56", "text": "Do you think that's possible?"}, {"start": "00:32:53", "end": "00:32:57", "text": ">> No. No. First of all, I anticipate that"}, {"start": "00:32:56", "end": "00:33:00", "text": "launch to go well. They've been testing"}, {"start": "00:32:57", "end": "00:33:03", "text": "it. They've done a lot of uh uh uh"}, {"start": "00:33:00", "end": "00:33:05", "text": "prototype testing so far. Uh this is"}, {"start": "00:33:03", "end": "00:33:07", "text": "being built on the Canton network which"}, {"start": "00:33:05", "end": "00:33:09", "text": "I'm very familiar with and I write about"}, {"start": "00:33:07", "end": "00:33:11", "text": "it in my new book which has been"}, {"start": "00:33:09", "end": "00:33:14", "text": "developed over 10 years time. That layer"}, {"start": "00:33:11", "end": "00:33:17", "text": "1 uh is robust and can handle this. I I"}, {"start": "00:33:14", "end": "00:33:19", "text": "I expect this to go well. The DTCC is a"}, {"start": "00:33:17", "end": "00:33:22", "text": "remarkable organization going back to"}, {"start": "00:33:19", "end": "00:33:25", "text": "the 1970s. uh and under its leadership"}, {"start": "00:33:22", "end": "00:33:28", "text": "of Frank Lala uh it's been way out and"}, {"start": "00:33:25", "end": "00:33:30", "text": "ahead I think of of utility other"}, {"start": "00:33:28", "end": "00:33:32", "text": "utilities like swift and others in"}, {"start": "00:33:30", "end": "00:33:34", "text": "moving forward so I fully expect that to"}, {"start": "00:33:32", "end": "00:33:37", "text": "go well the DTC is not in the business"}, {"start": "00:33:34", "end": "00:33:39", "text": "of building moes um in in many cases the"}, {"start": "00:33:37", "end": "00:33:42", "text": "the services they provide are s provided"}, {"start": "00:33:39", "end": "00:33:45", "text": "by others treasury clearing right now is"}, {"start": "00:33:42", "end": "00:33:48", "text": "also offered by CME and ICE um and uh"}, {"start": "00:33:45", "end": "00:33:50", "text": "and yet the DTCC does its job and and"}, {"start": "00:33:48", "end": "00:33:52", "text": "does it well so I think this is going to"}, {"start": "00:33:50", "end": "00:33:54", "text": "go well not worried about them. I don't"}, {"start": "00:33:52", "end": "00:33:56", "text": "think that it's their style to try to"}, {"start": "00:33:54", "end": "00:33:58", "text": "stifle innovation. I think actually they"}, {"start": "00:33:56", "end": "00:34:00", "text": "get a hat tip for getting out in front"}, {"start": "00:33:58", "end": "00:34:02", "text": "of this. And by the way, this experiment"}, {"start": "00:34:00", "end": "00:34:05", "text": "is really important because what this"}, {"start": "00:34:02", "end": "00:34:07", "text": "does is will enable much more collateral"}, {"start": "00:34:05", "end": "00:34:10", "text": "efficiency and collateral utilization of"}, {"start": "00:34:07", "end": "00:34:12", "text": "the market which should lead to more"}, {"start": "00:34:10", "end": "00:34:14", "text": "trades in the market and more trading"}, {"start": "00:34:12", "end": "00:34:16", "text": "activity which is which is good for"}, {"start": "00:34:14", "end": "00:34:19", "text": "market participants across the board."}, {"start": "00:34:16", "end": "00:34:21", "text": "So, I think what the DTCC doing is doing"}, {"start": "00:34:19", "end": "00:34:23", "text": "is is a very important case. I expect it"}, {"start": "00:34:21", "end": "00:34:25", "text": "to go quite well."}, {"start": "00:34:23", "end": "00:34:28", "text": ">> Well, well, you know, listen, we'll"}, {"start": "00:34:25", "end": "00:34:30", "text": "follow up afterwards um to see because"}, {"start": "00:34:28", "end": "00:34:32", "text": "I'm still skeptical as to whether that"}, {"start": "00:34:30", "end": "00:34:34", "text": "will launch. I think the the shift has"}, {"start": "00:34:32", "end": "00:34:36", "text": "occurred in terms of where trades are"}, {"start": "00:34:34", "end": "00:34:38", "text": "going to happen in the future. Uh and"}, {"start": "00:34:36", "end": "00:34:40", "text": "you know, we kind of led to it earlier"}, {"start": "00:34:38", "end": "00:34:42", "text": "in terms of the kind of investor that's"}, {"start": "00:34:40", "end": "00:34:44", "text": "going to be participating in this ne"}, {"start": "00:34:42", "end": "00:34:45", "text": "next evolution. You just look at Salana."}, {"start": "00:34:44", "end": "00:34:49", "text": "This is a good example. This is the"}, {"start": "00:34:45", "end": "00:34:51", "text": "number of spot dex trades versus tradfi"}, {"start": "00:34:49", "end": "00:34:54", "text": "exchanges and that number is pretty"}, {"start": "00:34:51", "end": "00:34:55", "text": "impressive right there guys. 200 million"}, {"start": "00:34:54", "end": "00:34:58", "text": "trades versus the New York Stock"}, {"start": "00:34:55", "end": "00:35:00", "text": "Exchange sitting at 189. So it is clear"}, {"start": "00:34:58", "end": "00:35:05", "text": "believe me this is just getting started."}, {"start": "00:35:00", "end": "00:35:07", "text": "So my question is uh has Salana already"}, {"start": "00:35:05", "end": "00:35:12", "text": "run one over the next generation of"}, {"start": "00:35:07", "end": "00:35:15", "text": "traders and it never makes it to tradi."}, {"start": "00:35:12", "end": "00:35:18", "text": ">> That's a a great question. Look, all I"}, {"start": "00:35:15", "end": "00:35:20", "text": "can do is point to historical analogies."}, {"start": "00:35:18", "end": "00:35:22", "text": "The, you know, that the internet didn't"}, {"start": "00:35:20", "end": "00:35:24", "text": "take away the mail service, but it"}, {"start": "00:35:22", "end": "00:35:27", "text": "changed it dramatically. When whenever"}, {"start": "00:35:24", "end": "00:35:29", "text": "you see a new technology comes in,"}, {"start": "00:35:27", "end": "00:35:31", "text": "especially at the pace of change we're"}, {"start": "00:35:29", "end": "00:35:32", "text": "in this modern era, it usually is"}, {"start": "00:35:31", "end": "00:35:34", "text": "evolutionary more than it's"}, {"start": "00:35:32", "end": "00:35:36", "text": "revolutionary. It builds over time."}, {"start": "00:35:34", "end": "00:35:38", "text": "Remember, most of the trading in the"}, {"start": "00:35:36", "end": "00:35:41", "text": "market is still quite institutional. And"}, {"start": "00:35:38", "end": "00:35:44", "text": "institutions still need a degree of"}, {"start": "00:35:41", "end": "00:35:46", "text": "certainty. they they will adapt uh"}, {"start": "00:35:44", "end": "00:35:49", "text": "gradually from traditional systems to"}, {"start": "00:35:46", "end": "00:35:52", "text": "new systems. So I can't say how it's"}, {"start": "00:35:49", "end": "00:35:54", "text": "going to play out. I I do believe and I"}, {"start": "00:35:52", "end": "00:35:58", "text": "be shocked if I'm wrong that within 10"}, {"start": "00:35:54", "end": "00:36:00", "text": "to 15 years every instrument that can be"}, {"start": "00:35:58", "end": "00:36:03", "text": "tokenized will be tokenized and I expect"}, {"start": "00:36:00", "end": "00:36:05", "text": "all of all of new issuance of securities"}, {"start": "00:36:03", "end": "00:36:08", "text": "very soon will be issued in tokenized"}, {"start": "00:36:05", "end": "00:36:11", "text": "form as new issues and then eventually"}, {"start": "00:36:08", "end": "00:36:12", "text": "secondary shares will go there as well."}, {"start": "00:36:11", "end": "00:36:15", "text": "I think secondary shares are going to"}, {"start": "00:36:12", "end": "00:36:16", "text": "move quickly uh for sure based on the"}, {"start": "00:36:15", "end": "00:36:18", "text": "kind of growth we're going to see here."}, {"start": "00:36:16", "end": "00:36:21", "text": "But to your point, you know, it's kind"}, {"start": "00:36:18", "end": "00:36:24", "text": "of the email and mail example that you"}, {"start": "00:36:21", "end": "00:36:26", "text": "you gave is if you think about it,"}, {"start": "00:36:24", "end": "00:36:28", "text": "Salana literally could be the email of"}, {"start": "00:36:26", "end": "00:36:31", "text": "our era versus, you know, something like"}, {"start": "00:36:28", "end": "00:36:34", "text": "a DTCC, which is traditional postal"}, {"start": "00:36:31", "end": "00:36:36", "text": "mail, which I think is where the two"}, {"start": "00:36:34", "end": "00:36:37", "text": "industries are falling apart right now"}, {"start": "00:36:36", "end": "00:36:38", "text": "as opposed to embracing each other"}, {"start": "00:36:37", "end": "00:36:41", "text": "because they're completely different"}, {"start": "00:36:38", "end": "00:36:42", "text": "operational capacities and where the"}, {"start": "00:36:41", "end": "00:36:45", "text": "growth is going to go and how people are"}, {"start": "00:36:42", "end": "00:36:47", "text": "going to use it in the future. So,"}, {"start": "00:36:45", "end": "00:36:49", "text": "I don't know, man. Uh, all right. Last"}, {"start": "00:36:47", "end": "00:36:51", "text": "question to you because this also"}, {"start": "00:36:49", "end": "00:36:53", "text": "worries me and that is everything that's"}, {"start": "00:36:51", "end": "00:36:56", "text": "happening in the KYC era. You had"}, {"start": "00:36:53", "end": "00:36:58", "text": "Revolute uh hackers begin to leak"}, {"start": "00:36:56", "end": "00:37:00", "text": "customer data including passports,"}, {"start": "00:36:58", "end": "00:37:02", "text": "selfies, all kinds of stuff. Daily dumps"}, {"start": "00:37:00", "end": "00:37:05", "text": "of this. This is Revolute, one of the"}, {"start": "00:37:02", "end": "00:37:08", "text": "largest financial institutions in Europe"}, {"start": "00:37:05", "end": "00:37:11", "text": "due to uh what potentially will be, I"}, {"start": "00:37:08", "end": "00:37:14", "text": "think, more AI hacks in the future."}, {"start": "00:37:11", "end": "00:37:16", "text": "Isn't this Chris a nail in the coffin"}, {"start": "00:37:14", "end": "00:37:18", "text": "for"}, {"start": "00:37:16", "end": "00:37:21", "text": "simple KYC? I mean because you're giving"}, {"start": "00:37:18", "end": "00:37:22", "text": "up all that information"}, {"start": "00:37:21", "end": "00:37:23", "text": ">> to these people who can't control it and"}, {"start": "00:37:22", "end": "00:37:25", "text": "protect it."}, {"start": "00:37:23", "end": "00:37:27", "text": ">> I wish it is Paul. I wish it is. But I"}, {"start": "00:37:25", "end": "00:37:31", "text": "got to tell you,"}, {"start": "00:37:27", "end": "00:37:35", "text": "wooden the the the wooden um insistence"}, {"start": "00:37:31", "end": "00:37:39", "text": "on analog based AML KYC that exists"}, {"start": "00:37:35", "end": "00:37:41", "text": "today amongst financial uh regulators,"}, {"start": "00:37:39", "end": "00:37:45", "text": "especially national security and law"}, {"start": "00:37:41", "end": "00:37:47", "text": "enforcement uh u agencies"}, {"start": "00:37:45", "end": "00:37:49", "text": "is the the the weight that is holding"}, {"start": "00:37:47", "end": "00:37:51", "text": "back this innovation. The biggest break"}, {"start": "00:37:49", "end": "00:37:53", "text": "on seeing the benefits of this"}, {"start": "00:37:51", "end": "00:37:57", "text": "innovation right now in financial"}, {"start": "00:37:53", "end": "00:38:00", "text": "services is a is a relatively um uh last"}, {"start": "00:37:57", "end": "00:38:03", "text": "generation insistence that they all"}, {"start": "00:38:00", "end": "00:38:05", "text": "comply with traditional AML KYC. The"}, {"start": "00:38:03", "end": "00:38:07", "text": "biggest disappointment I have and I"}, {"start": "00:38:05", "end": "00:38:10", "text": "write about this extensively in my new"}, {"start": "00:38:07", "end": "00:38:12", "text": "book. Um, the biggest problem I've got"}, {"start": "00:38:10", "end": "00:38:16", "text": "with the Genius Act is it makes what is"}, {"start": "00:38:12", "end": "00:38:18", "text": "otherwise an unlocking of the the power"}, {"start": "00:38:16", "end": "00:38:21", "text": "of the dollar and the digitization of"}, {"start": "00:38:18", "end": "00:38:24", "text": "the dollar subject to the the snails"}, {"start": "00:38:21", "end": "00:38:26", "text": "pace of AML KYC. Every transaction is"}, {"start": "00:38:24", "end": "00:38:28", "text": "going to be subject to the Bank Secrecy"}, {"start": "00:38:26", "end": "00:38:30", "text": "Act. And by the way, the same was"}, {"start": "00:38:28", "end": "00:38:33", "text": "present in the Clarity bill."}, {"start": "00:38:30", "end": "00:38:35", "text": ">> Um, and and we have to reimagine"}, {"start": "00:38:33", "end": "00:38:39", "text": "um law enforcement for a new era. In my"}, {"start": "00:38:35", "end": "00:38:41", "text": "book, I talk about how every generation"}, {"start": "00:38:39", "end": "00:38:44", "text": "has to reestablish the balance between"}, {"start": "00:38:41", "end": "00:38:46", "text": "financial privacy and law enforcement."}, {"start": "00:38:44", "end": "00:38:48", "text": "Going back to Magna Carta, which"}, {"start": "00:38:46", "end": "00:38:51", "text": "recognized the rights of privacy of"}, {"start": "00:38:48", "end": "00:38:53", "text": "individuals and the notion that a"}, {"start": "00:38:51", "end": "00:38:55", "text": "person's home was their castle and"}, {"start": "00:38:53", "end": "00:38:58", "text": "government couldn't bash down the door"}, {"start": "00:38:55", "end": "00:39:00", "text": "unless they had probable cause of"}, {"start": "00:38:58", "end": "00:39:02", "text": "something going wrong and got a judge to"}, {"start": "00:39:00", "end": "00:39:04", "text": "issue a subpoena. So, privacy has never"}, {"start": "00:39:02", "end": "00:39:06", "text": "been absolute. It's always been balanced"}, {"start": "00:39:04", "end": "00:39:09", "text": "against law enforcement, but law"}, {"start": "00:39:06", "end": "00:39:10", "text": "enforcement with limits around it. Law"}, {"start": "00:39:09", "end": "00:39:12", "text": "enforcement does not have the right to"}, {"start": "00:39:10", "end": "00:39:14", "text": "just know what you're doing with your"}, {"start": "00:39:12", "end": "00:39:17", "text": "money because they want to know. They"}, {"start": "00:39:14", "end": "00:39:19", "text": "have to have probable cause, provable"}, {"start": "00:39:17", "end": "00:39:22", "text": "cause that you're committing lawbreaking"}, {"start": "00:39:19", "end": "00:39:23", "text": "and then they can get a judge to issue a"}, {"start": "00:39:22", "end": "00:39:26", "text": "subpoena and then they can surveil your"}, {"start": "00:39:23", "end": "00:39:28", "text": "records. Well, unfortunately, in the"}, {"start": "00:39:26", "end": "00:39:31", "text": "last 30 years, especially in the last 25"}, {"start": "00:39:28", "end": "00:39:33", "text": "years since 9/11, that's broken down."}, {"start": "00:39:31", "end": "00:39:35", "text": "And law enforcement survey surveills all"}, {"start": "00:39:33", "end": "00:39:37", "text": "of us right now simply because they want"}, {"start": "00:39:35", "end": "00:39:39", "text": "to know what we're doing. The Bank"}, {"start": "00:39:37", "end": "00:39:41", "text": "Secrecy Act is not about secrecy. It's"}, {"start": "00:39:39", "end": "00:39:43", "text": "about surveillance. And we're all"}, {"start": "00:39:41", "end": "00:39:44", "text": "subject to government surveillance. And"}, {"start": "00:39:43", "end": "00:39:47", "text": "that surveillance result in the"}, {"start": "00:39:44", "end": "00:39:50", "text": "government and and registered entities"}, {"start": "00:39:47", "end": "00:39:53", "text": "stockpiling huge volumes of information"}, {"start": "00:39:50", "end": "00:39:55", "text": "that hackers now go and get and use"}, {"start": "00:39:53", "end": "00:39:57", "text": "against us. And that's the bank secrecy"}, {"start": "00:39:55", "end": "00:39:58", "text": "act. The government is warehousing"}, {"start": "00:39:57", "end": "00:40:01", "text": "information. The government is"}, {"start": "00:39:58", "end": "00:40:03", "text": "surveilling us. So we need to rebalance"}, {"start": "00:40:01", "end": "00:40:05", "text": "this and and the opportunity exists."}, {"start": "00:40:03", "end": "00:40:07", "text": "Blockchain presents us with the"}, {"start": "00:40:05", "end": "00:40:10", "text": "opportunity to get the rebalance. And"}, {"start": "00:40:07", "end": "00:40:12", "text": "the rebalance should be that government"}, {"start": "00:40:10", "end": "00:40:14", "text": "should be able to be a node on"}, {"start": "00:40:12", "end": "00:40:16", "text": "blockchains observing traffic"}, {"start": "00:40:14", "end": "00:40:18", "text": "anonymously"}, {"start": "00:40:16", "end": "00:40:21", "text": ">> to see patterns and to use pattern"}, {"start": "00:40:18", "end": "00:40:23", "text": "recognition and then when they then need"}, {"start": "00:40:21", "end": "00:40:25", "text": "to unmask that data provided there's"}, {"start": "00:40:23", "end": "00:40:29", "text": "probable cause. You know if my wallet"}, {"start": "00:40:25", "end": "00:40:31", "text": "does 45 transactions with a dodgy wallet"}, {"start": "00:40:29", "end": "00:40:33", "text": "address in in Kenya that's a known"}, {"start": "00:40:31", "end": "00:40:35", "text": "address for money laundering government"}, {"start": "00:40:33", "end": "00:40:37", "text": "should be able to unmask that data and"}, {"start": "00:40:35", "end": "00:40:39", "text": "get it. But short of that, if I'm just"}, {"start": "00:40:37", "end": "00:40:41", "text": "conducting financial transactions"}, {"start": "00:40:39", "end": "00:40:43", "text": "electronically, government should not be"}, {"start": "00:40:41", "end": "00:40:45", "text": "able to surveil that data or or or"}, {"start": "00:40:43", "end": "00:40:47", "text": "warehouse that data. So, we have to"}, {"start": "00:40:45", "end": "00:40:51", "text": "rebalance it. The technology provides"}, {"start": "00:40:47", "end": "00:40:53", "text": "the opportunity. But right now, our"}, {"start": "00:40:51", "end": "00:40:56", "text": "innovators are way ahead of law"}, {"start": "00:40:53", "end": "00:40:58", "text": "enforcement and way ahead of government"}, {"start": "00:40:56", "end": "00:41:00", "text": "regulators that are simply saying, \"Oh,"}, {"start": "00:40:58", "end": "00:41:03", "text": "it's a new technology. Let's just slap"}, {"start": "00:41:00", "end": "00:41:05", "text": "AML KYC on it in its present form and"}, {"start": "00:41:03", "end": "00:41:07", "text": "we're good to go.\" Well, we're not good"}, {"start": "00:41:05", "end": "00:41:09", "text": "to go. that technology is the that that"}, {"start": "00:41:07", "end": "00:41:11", "text": "analog technology is the worst thing to"}, {"start": "00:41:09", "end": "00:41:12", "text": "slap on this new innovation. It's going"}, {"start": "00:41:11", "end": "00:41:14", "text": "to slow it down and worse it's going to"}, {"start": "00:41:12", "end": "00:41:16", "text": "styy it and stifle it."}, {"start": "00:41:14", "end": "00:41:18", "text": ">> Yeah. And that's the concern I have"}, {"start": "00:41:16", "end": "00:41:20", "text": "right now is you you now are moving into"}, {"start": "00:41:18", "end": "00:41:23", "text": "a generation that understands how to use"}, {"start": "00:41:20", "end": "00:41:26", "text": "this technology. Okay. And they're going"}, {"start": "00:41:23", "end": "00:41:29", "text": "to get to a point where there is a"}, {"start": "00:41:26", "end": "00:41:32", "text": "breaking I guess a breaking point much"}, {"start": "00:41:29", "end": "00:41:35", "text": "like what happened with Revolute. If you"}, {"start": "00:41:32", "end": "00:41:37", "text": "find that a lot of Gen Z and Gen Y start"}, {"start": "00:41:35", "end": "00:41:39", "text": "to see that their personal information"}, {"start": "00:41:37", "end": "00:41:42", "text": "essentially is an attack vector and"}, {"start": "00:41:39", "end": "00:41:44", "text": "potentially could really harm them not"}, {"start": "00:41:42", "end": "00:41:45", "text": "only financially but personally. I think"}, {"start": "00:41:44", "end": "00:41:48", "text": "you're going to start to see people"}, {"start": "00:41:45", "end": "00:41:51", "text": "disappearing from traditional AML RA uh"}, {"start": "00:41:48", "end": "00:41:54", "text": "rails that are out there and moving into"}, {"start": "00:41:51", "end": "00:41:56", "text": "essentially the shadows Chris to where"}, {"start": "00:41:54", "end": "00:41:58", "text": "this is basically untraceable until you"}, {"start": "00:41:56", "end": "00:42:01", "text": "get to a point where you can lock that"}, {"start": "00:41:58", "end": "00:42:03", "text": "data up inside a blockchain and only"}, {"start": "00:42:01", "end": "00:42:06", "text": "release it to exactly to your point of"}, {"start": "00:42:03", "end": "00:42:09", "text": "when it's required as opposed to AML"}, {"start": "00:42:06", "end": "00:42:12", "text": "that is just anyone and everyone."}, {"start": "00:42:09", "end": "00:42:15", "text": ">> I totally agree. Now my worry, however,"}, {"start": "00:42:12", "end": "00:42:17", "text": "is that um depending what's going to"}, {"start": "00:42:15", "end": "00:42:20", "text": "happen politically in the next few few"}, {"start": "00:42:17", "end": "00:42:21", "text": "weeks and then two years from now,"}, {"start": "00:42:20", "end": "00:42:23", "text": ">> you know, Elizabeth Warren doesn't want"}, {"start": "00:42:21", "end": "00:42:25", "text": "to give up any of that surveillance"}, {"start": "00:42:23", "end": "00:42:26", "text": "capability over people's financial"}, {"start": "00:42:25", "end": "00:42:28", "text": "transactions."}, {"start": "00:42:26", "end": "00:42:32", "text": ">> So I I I don't know how we reform the"}, {"start": "00:42:28", "end": "00:42:35", "text": "AML KYC bank secrecy act system um in in"}, {"start": "00:42:32", "end": "00:42:37", "text": "any type of meaningful way in with the"}, {"start": "00:42:35", "end": "00:42:39", "text": "current political landscape we have. But"}, {"start": "00:42:37", "end": "00:42:41", "text": "unless we do, um, you know, I got news"}, {"start": "00:42:39", "end": "00:42:43", "text": "for your listeners. We're all living in"}, {"start": "00:42:41", "end": "00:42:45", "text": "a surveillance state"}, {"start": "00:42:43", "end": "00:42:47", "text": "and it's getting worse."}, {"start": "00:42:45", "end": "00:42:48", "text": ">> Yeah. Well, I think it's both sides."}, {"start": "00:42:47", "end": "00:42:50", "text": "It's not just the Democrats. I think"}, {"start": "00:42:48", "end": "00:42:51", "text": "we've also seen this on the Republicans,"}, {"start": "00:42:50", "end": "00:42:53", "text": "you know, in terms of even"}, {"start": "00:42:51", "end": "00:42:54", "text": ">> totally agree. There's the stigma of the"}, {"start": "00:42:53", "end": "00:42:55", "text": "Republican party."}, {"start": "00:42:54", "end": "00:42:57", "text": ">> Yeah. Yeah."}, {"start": "00:42:55", "end": "00:42:59", "text": ">> Yeah. The Republican leadership of the"}, {"start": "00:42:57", "end": "00:43:01", "text": "Genius Act didn't use that as an"}, {"start": "00:42:59", "end": "00:43:02", "text": "opportunity to reform AMLKYC, which they"}, {"start": "00:43:01", "end": "00:43:03", "text": "should have. So,"}, {"start": "00:43:02", "end": "00:43:05", "text": ">> should have done it. Exactly. Should"}, {"start": "00:43:03", "end": "00:43:07", "text": "have done it right there. Exactly. I'm"}, {"start": "00:43:05", "end": "00:43:09", "text": "sorry to I point Elizabeth Warren out as"}, {"start": "00:43:07", "end": "00:43:12", "text": "the poster child. I'm happy that you're"}, {"start": "00:43:09", "end": "00:43:13", "text": "thinking on this. Believe me, I'm happy"}, {"start": "00:43:12", "end": "00:43:15", "text": "to point it out."}, {"start": "00:43:13", "end": "00:43:17", "text": ">> But there's in both parties. Believe me,"}, {"start": "00:43:15", "end": "00:43:17", "text": "there's leites on both sides of the"}, {"start": "00:43:17", "end": "00:43:19", "text": "aisle."}, {"start": "00:43:17", "end": "00:43:20", "text": ">> Hey Chris, it's always fun catching up"}, {"start": "00:43:19", "end": "00:43:23", "text": "with you. You guys go out there and"}, {"start": "00:43:20", "end": "00:43:25", "text": "check out Crypto Dad, the new adventures"}, {"start": "00:43:23", "end": "00:43:27", "text": "book. It's going to be dropping on"}, {"start": "00:43:25", "end": "00:43:29", "text": "October 27th,"}, {"start": "00:43:27", "end": "00:43:30", "text": "which is just around the corner. Chris,"}, {"start": "00:43:29", "end": "00:43:31", "text": "are you doing any signings? You going to"}, {"start": "00:43:30", "end": "00:43:34", "text": "do anything like that?"}, {"start": "00:43:31", "end": "00:43:37", "text": ">> Oh, a lot. A lot. I've got a pub key"}, {"start": "00:43:34", "end": "00:43:39", "text": "event on Thursday, November 5th"}, {"start": "00:43:37", "end": "00:43:41", "text": ">> uh to do some book signings. I've got a"}, {"start": "00:43:39", "end": "00:43:43", "text": "whole bunch of events in New York and in"}, {"start": "00:43:41", "end": "00:43:46", "text": "in Washington, Chicago, and all over the"}, {"start": "00:43:43", "end": "00:43:49", "text": "country. So, yeah, stay tuned. Follow me"}, {"start": "00:43:46", "end": "00:43:50", "text": "on on LinkedIn and um and and Twitter if"}, {"start": "00:43:49", "end": "00:43:51", "text": "you're not already. I'll be announcing"}, {"start": "00:43:50", "end": "00:43:53", "text": "these events."}, {"start": "00:43:51", "end": "00:43:54", "text": ">> All right, Chris John Cardo, thanks a"}, {"start": "00:43:53", "end": "00:43:55", "text": "lot for stopping in today. We appreciate"}, {"start": "00:43:54", "end": "00:43:59", "text": "it."}, {"start": "00:43:55", "end": "00:43:59", "text": ">> Great to be with Paul. Do it again soon."}, {"start": "00:44:03", "end": "00:44:07", "text": "If you like this video, hit like and"}, {"start": "00:44:05", "end": "00:44:10", "text": "subscribe. Drop a comment down below and"}, {"start": "00:44:07", "end": "00:44:14", "text": "also join our free private member group."}, {"start": "00:44:10", "end": "00:44:14", "text": "The link is in the description."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "Was yesterday's rate hike a win? Today,"}, {"start": "00:00:02", "end": "00:00:06", "text": "we'll break it down for you. A lot to"}, {"start": "00:00:03", "end": "00:00:09", "text": "unpack here because now Kevin Walsh is"}, {"start": "00:00:06", "end": "00:00:10", "text": "queued up for maybe other things that"}, {"start": "00:00:09", "end": "00:00:12", "text": "could be happening at the Fed. Before we"}, {"start": "00:00:10", "end": "00:00:13", "text": "get started, I want to thank our sponsor"}, {"start": "00:00:12", "end": "00:00:16", "text": "and that's EtherFi where you guys can"}, {"start": "00:00:13", "end": "00:00:18", "text": "earn cash back as well as doing"}, {"start": "00:00:16", "end": "00:00:21", "text": "tokenized stock trades. All of this is"}, {"start": "00:00:18", "end": "00:00:24", "text": "available over on Ether. Be smart money."}, {"start": "00:00:21", "end": "00:00:26", "text": "A ton of features built for every asset"}, {"start": "00:00:24", "end": "00:00:28", "text": "you get to spend on this. There's a"}, {"start": "00:00:26", "end": "00:00:31", "text": "whole slew of personal and business core"}, {"start": "00:00:28", "end": "00:00:33", "text": "platforms that you can use. Whether you"}, {"start": "00:00:31", "end": "00:00:35", "text": "get into making it kind of your own new"}, {"start": "00:00:33", "end": "00:00:38", "text": "bank or whether or not you want to use"}, {"start": "00:00:35", "end": "00:00:41", "text": "this as a business platform or even Lux"}, {"start": "00:00:38", "end": "00:00:42", "text": "Up and get into some of the better uh"}, {"start": "00:00:41", "end": "00:00:45", "text": "yielding platforms that are out there."}, {"start": "00:00:42", "end": "00:00:47", "text": "So check out Etherfi. All you have to do"}, {"start": "00:00:45", "end": "00:00:49", "text": "is visit it, etherfi.com. Use our link"}, {"start": "00:00:47", "end": "00:00:50", "text": "down below. It's going to get you set up"}, {"start": "00:00:49", "end": "00:00:53", "text": "and you guys can get started where you"}, {"start": "00:00:50", "end": "00:00:55", "text": "can get away from the banks. Let's just"}, {"start": "00:00:53", "end": "00:00:57", "text": "start off with this tweet right here."}, {"start": "00:00:55", "end": "00:00:58", "text": "where the Fed made every uh very clear"}, {"start": "00:00:57", "end": "00:01:02", "text": "statement yesterday. Not only did they"}, {"start": "00:00:58", "end": "00:01:04", "text": "hike the interest rate, but it was a 120"}, {"start": "00:01:02", "end": "00:01:06", "text": "unanimous decision. So, this marks the"}, {"start": "00:01:04", "end": "00:01:09", "text": "first unanimous Fed decision since May"}, {"start": "00:01:06", "end": "00:01:12", "text": "of 25. And this, of course, all coming"}, {"start": "00:01:09", "end": "00:01:14", "text": "while Trump is putting more pressure on"}, {"start": "00:01:12", "end": "00:01:16", "text": "Worsh even though here recently he did"}, {"start": "00:01:14", "end": "00:01:18", "text": "make a statement where he was kind of"}, {"start": "00:01:16", "end": "00:01:21", "text": "giving uh Worsh the the go-ahad, which I"}, {"start": "00:01:18", "end": "00:01:23", "text": "think is kind of the audacity of it. But"}, {"start": "00:01:21", "end": "00:01:26", "text": "the point is is that we're sitting with"}, {"start": "00:01:23", "end": "00:01:29", "text": "a considerably different season now with"}, {"start": "00:01:26", "end": "00:01:30", "text": "rate hikes inbound. One other point when"}, {"start": "00:01:29", "end": "00:01:32", "text": "you look at this, the question now"}, {"start": "00:01:30", "end": "00:01:35", "text": "becomes how President Trump is going to"}, {"start": "00:01:32", "end": "00:01:37", "text": "respond respond. And clearly the divide"}, {"start": "00:01:35", "end": "00:01:39", "text": "between the White House and the Fed is"}, {"start": "00:01:37", "end": "00:01:41", "text": "widening even with Powell out of the"}, {"start": "00:01:39", "end": "00:01:43", "text": "chair but not out of the board. And this"}, {"start": "00:01:41", "end": "00:01:45", "text": "of course was Trump hitting in on it"}, {"start": "00:01:43", "end": "00:01:46", "text": "following the reserve Federal Reserve's"}, {"start": "00:01:45", "end": "00:01:49", "text": "quarter point interest rate hike."}, {"start": "00:01:46", "end": "00:01:52", "text": "President Trump called for rates to drop"}, {"start": "00:01:49", "end": "00:01:54", "text": "1% or lower and suggested halting trade"}, {"start": "00:01:52", "end": "00:01:55", "text": "with deficitrunn nations. This of course"}, {"start": "00:01:54", "end": "00:01:58", "text": "has been something that has been thrown"}, {"start": "00:01:55", "end": "00:01:59", "text": "around by the administration over a"}, {"start": "00:01:58", "end": "00:02:02", "text": "short period of time. Peter Schiff kind"}, {"start": "00:01:59", "end": "00:02:04", "text": "of jumps on the bandwagon here in what"}, {"start": "00:02:02", "end": "00:02:08", "text": "was either a shocking admission or just"}, {"start": "00:02:04", "end": "00:02:10", "text": "another lie. Trump claims that Worsh"}, {"start": "00:02:08", "end": "00:02:12", "text": "would have been a lone vote against and"}, {"start": "00:02:10", "end": "00:02:15", "text": "he would have been a lone vote against a"}, {"start": "00:02:12", "end": "00:02:17", "text": "rate hike, but that his personal he told"}, {"start": "00:02:15", "end": "00:02:19", "text": "personally told Worsh that he's might as"}, {"start": "00:02:17", "end": "00:02:21", "text": "well vote with the board because it"}, {"start": "00:02:19", "end": "00:02:23", "text": "wouldn't make any difference. So just"}, {"start": "00:02:21", "end": "00:02:27", "text": "another reason uh of course in his case"}, {"start": "00:02:23", "end": "00:02:30", "text": "to buy gold, but do you think that Worsh"}, {"start": "00:02:27", "end": "00:02:32", "text": "pretty much is on point right now as an"}, {"start": "00:02:30", "end": "00:02:34", "text": "independent Fed? If you think so, let me"}, {"start": "00:02:32", "end": "00:02:36", "text": "know in the comments. Is the Fed do you"}, {"start": "00:02:34", "end": "00:02:39", "text": "feel like yesterday's move made them"}, {"start": "00:02:36", "end": "00:02:42", "text": "independent or is this a strategy to"}, {"start": "00:02:39", "end": "00:02:43", "text": "possibly just move toward rate cuts in"}, {"start": "00:02:42", "end": "00:02:45", "text": "the near future? All right, so I want to"}, {"start": "00:02:43", "end": "00:02:47", "text": "go to a clip real quick. This is"}, {"start": "00:02:45", "end": "00:02:49", "text": "Bloomberg talking about war having a"}, {"start": "00:02:47", "end": "00:02:52", "text": "credibility win. Take a look."}, {"start": "00:02:49", "end": "00:02:53", "text": ">> I thought he was remarkably clear in 29"}, {"start": "00:02:52", "end": "00:02:54", "text": "minutes. He did a lot."}, {"start": "00:02:53", "end": "00:02:56", "text": ">> He did, but he had no choice because if"}, {"start": "00:02:54", "end": "00:02:58", "text": "you go back a couple of FOMC meetings"}, {"start": "00:02:56", "end": "00:02:59", "text": "ago, he didn't give the market the"}, {"start": "00:02:58", "end": "00:03:01", "text": "message that they wanted. Treasury bond"}, {"start": "00:02:59", "end": "00:03:02", "text": "didn't Treasury market didn't like it."}, {"start": "00:03:01", "end": "00:03:04", "text": "The dollar didn't like it. So, you know,"}, {"start": "00:03:02", "end": "00:03:07", "text": "if we go forward then to the end of"}, {"start": "00:03:04", "end": "00:03:09", "text": "August and we go to um his speech in"}, {"start": "00:03:07", "end": "00:03:10", "text": "Jackson Hole, he was remarkably clear."}, {"start": "00:03:09", "end": "00:03:12", "text": "Again, for a man who doesn't like to"}, {"start": "00:03:10", "end": "00:03:14", "text": "give forward guidance, he gave quite a"}, {"start": "00:03:12", "end": "00:03:16", "text": "lot. Uh and the markets like that and"}, {"start": "00:03:14", "end": "00:03:18", "text": "and again today, I think he knew he had"}, {"start": "00:03:16", "end": "00:03:20", "text": "to buy his credibility. He had to"}, {"start": "00:03:18", "end": "00:03:22", "text": "establish the credibility of him as as"}, {"start": "00:03:20", "end": "00:03:25", "text": "Fred Governor and he had to give a"}, {"start": "00:03:22", "end": "00:03:27", "text": "hawkish message. If he hadn't done that,"}, {"start": "00:03:25", "end": "00:03:29", "text": "it could have taken a very long time to"}, {"start": "00:03:27", "end": "00:03:30", "text": "to try and win back that credibility."}, {"start": "00:03:29", "end": "00:03:32", "text": "What would have happened to the long end"}, {"start": "00:03:30", "end": "00:03:33", "text": "of the bond market in the meantime? What"}, {"start": "00:03:32", "end": "00:03:35", "text": "would have happened to the dollar? There"}, {"start": "00:03:33", "end": "00:03:37", "text": "was too much at stake. I think he had no"}, {"start": "00:03:35", "end": "00:03:39", "text": "choice. He had to win his credibility"}, {"start": "00:03:37", "end": "00:03:40", "text": "and you know credibility like respect is"}, {"start": "00:03:39", "end": "00:03:43", "text": "earned. If he hadn't hiked interest"}, {"start": "00:03:40", "end": "00:03:45", "text": "rates today, the expectation would be"}, {"start": "00:03:43", "end": "00:03:47", "text": "that inflation would have been longer or"}, {"start": "00:03:45", "end": "00:03:49", "text": "higher in the long run and therefore"}, {"start": "00:03:47", "end": "00:03:50", "text": "more interest rates would have to be put"}, {"start": "00:03:49", "end": "00:03:52", "text": "on the table by doing something"}, {"start": "00:03:50", "end": "00:03:54", "text": "relatively early in the cycle. Then"}, {"start": "00:03:52", "end": "00:03:56", "text": "maybe there'll be less interest rate"}, {"start": "00:03:54", "end": "00:03:59", "text": "hikes overall."}, {"start": "00:03:56", "end": "00:04:02", "text": ">> Okay. So, one thing to make clear here"}, {"start": "00:03:59", "end": "00:04:04", "text": "is that it really wasn't Wash taking the"}, {"start": "00:04:02", "end": "00:04:06", "text": "rates up. It was, you know, the entire"}, {"start": "00:04:04", "end": "00:04:08", "text": "governor board. So, I don't know that he"}, {"start": "00:04:06", "end": "00:04:09", "text": "had any control over this. Whether he"}, {"start": "00:04:08", "end": "00:04:11", "text": "wanted to hike rates or cut rates or"}, {"start": "00:04:09", "end": "00:04:13", "text": "pause rates, it wouldn't matter. The"}, {"start": "00:04:11", "end": "00:04:16", "text": "board is essentially the one that has"}, {"start": "00:04:13", "end": "00:04:18", "text": "come in to a unanimous decision on this."}, {"start": "00:04:16", "end": "00:04:20", "text": "Uh, which is a bit rare. And I think"}, {"start": "00:04:18", "end": "00:04:22", "text": "some of the impacts of why they're doing"}, {"start": "00:04:20", "end": "00:04:25", "text": "that. Well, a lot of it leads to oil"}, {"start": "00:04:22", "end": "00:04:28", "text": "prices. US oil was at 66 bucks the day"}, {"start": "00:04:25", "end": "00:04:31", "text": "before the Iranian war began and that"}, {"start": "00:04:28", "end": "00:04:34", "text": "was sitting at diesel at 376 a gallon."}, {"start": "00:04:31", "end": "00:04:36", "text": "Diesel now cracked uh spread near 42 and"}, {"start": "00:04:34", "end": "00:04:39", "text": "markets were pricing three Fed rate cuts"}, {"start": "00:04:36", "end": "00:04:43", "text": "for 2026. All of this is happening"}, {"start": "00:04:39", "end": "00:04:46", "text": "today. Us oil is above 102. Diesel is at"}, {"start": "00:04:43", "end": "00:04:48", "text": "631 almost twice of what the average"}, {"start": "00:04:46", "end": "00:04:51", "text": "price was and a crack at the all-time"}, {"start": "00:04:48", "end": "00:04:54", "text": "high of 111. So, the Fed's got a lot of"}, {"start": "00:04:51", "end": "00:04:56", "text": "issues placing uh really right before"}, {"start": "00:04:54", "end": "00:04:59", "text": "them. And I think as we look at the"}, {"start": "00:04:56", "end": "00:05:01", "text": "possibility of a cutting cycle down the"}, {"start": "00:04:59", "end": "00:05:03", "text": "road, a lot is going to be tied to"}, {"start": "00:05:01", "end": "00:05:04", "text": "energy going forward. And that's not the"}, {"start": "00:05:03", "end": "00:05:07", "text": "end of it here. I mean, we've got travel"}, {"start": "00:05:04", "end": "00:05:09", "text": "now being implemented and caused I think"}, {"start": "00:05:07", "end": "00:05:11", "text": "will eventually cause some delays or at"}, {"start": "00:05:09", "end": "00:05:13", "text": "least some cancellations of some"}, {"start": "00:05:11", "end": "00:05:15", "text": "flights. Delta saying their December"}, {"start": "00:05:13", "end": "00:05:16", "text": "flights are now looking at fuel costs,"}, {"start": "00:05:15", "end": "00:05:19", "text": "which means they're probably going to"}, {"start": "00:05:16", "end": "00:05:22", "text": "limit those. That most likely will make"}, {"start": "00:05:19", "end": "00:05:27", "text": "for headlines all across the US as jet"}, {"start": "00:05:22", "end": "00:05:30", "text": "fuel now surging to 463 a gallon up 105%"}, {"start": "00:05:27", "end": "00:05:32", "text": "uh since the war began. So again travel"}, {"start": "00:05:30", "end": "00:05:34", "text": "being impacted quite a bit. I want to go"}, {"start": "00:05:32", "end": "00:05:36", "text": "to a clip here because the cost is"}, {"start": "00:05:34", "end": "00:05:38", "text": "really going to start to impact well"}, {"start": "00:05:36", "end": "00:05:41", "text": "it's already impacting everyday"}, {"start": "00:05:38", "end": "00:05:41", "text": "Americans. Listen to what uh D Martino"}, {"start": "00:05:41", "end": "00:05:42", "text": "had to say."}, {"start": "00:05:41", "end": "00:05:44", "text": ">> For the layman they're going to see"}, {"start": "00:05:42", "end": "00:05:45", "text": "their credit card rate go up"}, {"start": "00:05:44", "end": "00:05:47", "text": "immediately. they're going to see their"}, {"start": "00:05:45", "end": "00:05:49", "text": "their heliloc, their their home equity"}, {"start": "00:05:47", "end": "00:05:52", "text": "loan of credit line interest rate go up"}, {"start": "00:05:49", "end": "00:05:54", "text": "immediately. Um, you've got small"}, {"start": "00:05:52", "end": "00:05:55", "text": "business bankruptcies up 64%"}, {"start": "00:05:54", "end": "00:05:57", "text": "year-over-year. You've got National"}, {"start": "00:05:55", "end": "00:06:00", "text": "Federation of Independent Businesses"}, {"start": "00:05:57", "end": "00:06:02", "text": "voicing concern over the level of"}, {"start": "00:06:00", "end": "00:06:05", "text": "interest rates. American households are"}, {"start": "00:06:02", "end": "00:06:07", "text": "doing so as well. I mean the the"}, {"start": "00:06:05", "end": "00:06:09", "text": "criticism here is that is that monetary"}, {"start": "00:06:07", "end": "00:06:12", "text": "policy is being made for a very small"}, {"start": "00:06:09", "end": "00:06:14", "text": "cohort of the US economy as opposed to"}, {"start": "00:06:12", "end": "00:06:16", "text": "what is on the front page of the Fed's"}, {"start": "00:06:14", "end": "00:06:19", "text": "website which says that monetary policy"}, {"start": "00:06:16", "end": "00:06:21", "text": "should be made in the broad public good."}, {"start": "00:06:19", "end": "00:06:23", "text": "He used I don't know how many times"}, {"start": "00:06:21", "end": "00:06:25", "text": "today he's used the word trend. Charles"}, {"start": "00:06:23", "end": "00:06:27", "text": "we've got three more payroll reports"}, {"start": "00:06:25", "end": "00:06:30", "text": "between now and the December Fed"}, {"start": "00:06:27", "end": "00:06:32", "text": "meeting. He talked about the 7-week uh"}, {"start": "00:06:30", "end": "00:06:34", "text": "period in between the the last few times"}, {"start": "00:06:32", "end": "00:06:36", "text": "the Fed met Fed meets. He's not going to"}, {"start": "00:06:34", "end": "00:06:37", "text": "raise rates or do anything for that"}, {"start": "00:06:36", "end": "00:06:40", "text": "matter 6 days before an election. But"}, {"start": "00:06:37", "end": "00:06:43", "text": "boy has he got a lot of trends ahead of"}, {"start": "00:06:40", "end": "00:06:44", "text": "him between now and when the Fed meets"}, {"start": "00:06:43", "end": "00:06:46", "text": "in December."}, {"start": "00:06:44", "end": "00:06:50", "text": ">> All right. So, a couple of points that"}, {"start": "00:06:46", "end": "00:06:52", "text": "D. Martino hits on there. And that is uh"}, {"start": "00:06:50", "end": "00:06:54", "text": "one not raising rates in October, end of"}, {"start": "00:06:52", "end": "00:06:57", "text": "October. It's October 28th. I'll go to"}, {"start": "00:06:54", "end": "00:06:58", "text": "the Fed uh probability here in a second."}, {"start": "00:06:57", "end": "00:07:01", "text": "But if you look at standard charter,"}, {"start": "00:06:58", "end": "00:07:04", "text": "they expect the Fed to deliver a 25 bips"}, {"start": "00:07:01", "end": "00:07:06", "text": "uh in December, a hike in December. And"}, {"start": "00:07:04", "end": "00:07:08", "text": "that kind of goes to the point that uh"}, {"start": "00:07:06", "end": "00:07:10", "text": "Danielle was talking about, and that is"}, {"start": "00:07:08", "end": "00:07:13", "text": "if you look here at the October 28th,"}, {"start": "00:07:10", "end": "00:07:15", "text": "just a few days before an election, now"}, {"start": "00:07:13", "end": "00:07:17", "text": "that likely after because of this"}, {"start": "00:07:15", "end": "00:07:19", "text": "credibility move that has now been"}, {"start": "00:07:17", "end": "00:07:22", "text": "implemented within the Fed, it is"}, {"start": "00:07:19", "end": "00:07:24", "text": "possible that they could get away with a"}, {"start": "00:07:22", "end": "00:07:26", "text": "pause. So it doesn't have necessarily"}, {"start": "00:07:24", "end": "00:07:28", "text": "negative impact. I'm assuming they don't"}, {"start": "00:07:26", "end": "00:07:29", "text": "want to get into politics, but that is"}, {"start": "00:07:28", "end": "00:07:31", "text": "going to be an issue I think that"}, {"start": "00:07:29", "end": "00:07:34", "text": "everybody would look to. And then of"}, {"start": "00:07:31", "end": "00:07:37", "text": "course after that you've got December"}, {"start": "00:07:34", "end": "00:07:39", "text": "which is the next FOMC and you can see"}, {"start": "00:07:37", "end": "00:07:43", "text": "right there the possibility of a 25 bits"}, {"start": "00:07:39", "end": "00:07:45", "text": "now rising to 69%."}, {"start": "00:07:43", "end": "00:07:47", "text": "So this would be pretty significant"}, {"start": "00:07:45", "end": "00:07:49", "text": "going forward in the markets and it also"}, {"start": "00:07:47", "end": "00:07:51", "text": "may start to play into this. And what"}, {"start": "00:07:49", "end": "00:07:52", "text": "she explained there is the cost to"}, {"start": "00:07:51", "end": "00:07:54", "text": "Americans rising credit card rates,"}, {"start": "00:07:52", "end": "00:07:57", "text": "rising home mortgage. we've seen 7% now"}, {"start": "00:07:54", "end": "00:07:59", "text": "another high rates housing becoming"}, {"start": "00:07:57", "end": "00:08:01", "text": "almost untouchable it is an issue that"}, {"start": "00:07:59", "end": "00:08:04", "text": "is facing dire straight level I think"}, {"start": "00:08:01", "end": "00:08:06", "text": "for an average American and at the same"}, {"start": "00:08:04", "end": "00:08:08", "text": "time you've got opportunities that are"}, {"start": "00:08:06", "end": "00:08:10", "text": "happening in digital assets yield coins"}, {"start": "00:08:08", "end": "00:08:13", "text": "or excuse me uh stable coins and yields"}, {"start": "00:08:10", "end": "00:08:15", "text": "within yield coins which is what we"}, {"start": "00:08:13", "end": "00:08:17", "text": "should call them uh are starting to"}, {"start": "00:08:15", "end": "00:08:20", "text": "skyrocket as well so all of this I think"}, {"start": "00:08:17", "end": "00:08:22", "text": "Robin Hood's paying 7% on one of their"}, {"start": "00:08:20", "end": "00:08:24", "text": "stable coins so the point is is there"}, {"start": "00:08:22", "end": "00:08:27", "text": "are some alternatives here. The problem"}, {"start": "00:08:24", "end": "00:08:29", "text": "is the costs are out superseding and"}, {"start": "00:08:27", "end": "00:08:31", "text": "outpacing how Americans can go in and"}, {"start": "00:08:29", "end": "00:08:33", "text": "start saving. Now, I want to go in and"}, {"start": "00:08:31", "end": "00:08:37", "text": "play one clip here because this is the"}, {"start": "00:08:33", "end": "00:08:40", "text": "earned point of where Worsh maybe got"}, {"start": "00:08:37", "end": "00:08:42", "text": "the right to shift policy just a little"}, {"start": "00:08:40", "end": "00:08:44", "text": "bit. Take a look."}, {"start": "00:08:42", "end": "00:08:46", "text": ">> The market's reaction is, as you pointed"}, {"start": "00:08:44", "end": "00:08:48", "text": "out, the stock market doesn't seem happy"}, {"start": "00:08:46", "end": "00:08:52", "text": "with the hike. I would say for the"}, {"start": "00:08:48", "end": "00:08:55", "text": "viewers, um, the Fed, even if they add"}, {"start": "00:08:52", "end": "00:08:58", "text": "50 basis points, it's not a level that's"}, {"start": "00:08:55", "end": "00:08:59", "text": "going to topple the economy and it"}, {"start": "00:08:58", "end": "00:09:01", "text": "really is showing you the economy is"}, {"start": "00:08:59", "end": "00:09:02", "text": "strong enough to handle that. And I"}, {"start": "00:09:01", "end": "00:09:05", "text": "think earnings revisions still go up."}, {"start": "00:09:02", "end": "00:09:07", "text": "So, to me, I I would be buying this dip."}, {"start": "00:09:05", "end": "00:09:09", "text": "Um, and I I do view this as an"}, {"start": "00:09:07", "end": "00:09:10", "text": "overreaction to the downside to the Fed"}, {"start": "00:09:09", "end": "00:09:12", "text": "action today."}, {"start": "00:09:10", "end": "00:09:14", "text": ">> So, as you can see there from Tom Lee,"}, {"start": "00:09:12", "end": "00:09:16", "text": "he's basically counting on the 25 basis"}, {"start": "00:09:14", "end": "00:09:18", "text": "points in December. that would"}, {"start": "00:09:16", "end": "00:09:20", "text": "accumulate out to 50 basis points this"}, {"start": "00:09:18", "end": "00:09:23", "text": "year. His point is that there is an"}, {"start": "00:09:20", "end": "00:09:24", "text": "opportunity here with overreaction to"}, {"start": "00:09:23", "end": "00:09:26", "text": "buy these dips. Let me know what you"}, {"start": "00:09:24", "end": "00:09:28", "text": "guys think. Are you buying the dip right"}, {"start": "00:09:26", "end": "00:09:31", "text": "now or did you because some of the"}, {"start": "00:09:28", "end": "00:09:33", "text": "market has actually corrected uh as"}, {"start": "00:09:31", "end": "00:09:35", "text": "well. Things that we're watching right"}, {"start": "00:09:33", "end": "00:09:39", "text": "now when you look at the CFTC and the"}, {"start": "00:09:35", "end": "00:09:42", "text": "SEC putting out regulatory language, the"}, {"start": "00:09:39", "end": "00:09:45", "text": "staff now issues a no action position to"}, {"start": "00:09:42", "end": "00:09:46", "text": "providers of passive software. This was"}, {"start": "00:09:45", "end": "00:09:48", "text": "come something that was coming. We"}, {"start": "00:09:46", "end": "00:09:51", "text": "anticipate more moves that will affect"}, {"start": "00:09:48", "end": "00:09:54", "text": "digital assets and trading markets in"}, {"start": "00:09:51", "end": "00:09:56", "text": "general coming out of both CFTC and the"}, {"start": "00:09:54", "end": "00:09:58", "text": "SEC this week. Uh I think things are"}, {"start": "00:09:56", "end": "00:09:59", "text": "going to heat up a little bit and this"}, {"start": "00:09:58", "end": "00:10:00", "text": "is a good statement right here and this"}, {"start": "00:09:59", "end": "00:10:02", "text": "is to the point I was getting at"}, {"start": "00:10:00", "end": "00:10:05", "text": "earlier. Trading will be the single"}, {"start": "00:10:02", "end": "00:10:07", "text": "fastest growing industry over the rest"}, {"start": "00:10:05", "end": "00:10:08", "text": "of this decade. And people will feel"}, {"start": "00:10:07", "end": "00:10:10", "text": "like they are running out of options to"}, {"start": "00:10:08", "end": "00:10:12", "text": "change their financial situation. Guys,"}, {"start": "00:10:10", "end": "00:10:14", "text": "this is something you who've been"}, {"start": "00:10:12", "end": "00:10:17", "text": "following our show hopefully have been"}, {"start": "00:10:14", "end": "00:10:19", "text": "doing for years, if not maybe decades in"}, {"start": "00:10:17", "end": "00:10:21", "text": "terms of trying to outpace the"}, {"start": "00:10:19", "end": "00:10:23", "text": "debasement of the dollar. And that's"}, {"start": "00:10:21", "end": "00:10:25", "text": "where we are right now. Except now it's"}, {"start": "00:10:23", "end": "00:10:27", "text": "much more visible, I think, to the"}, {"start": "00:10:25", "end": "00:10:29", "text": "average American. So things will start"}, {"start": "00:10:27", "end": "00:10:31", "text": "accelerating into trading, I think,"}, {"start": "00:10:29", "end": "00:10:32", "text": "unfortunately. I hope it doesn't go the"}, {"start": "00:10:31", "end": "00:10:35", "text": "prediction market route because that's a"}, {"start": "00:10:32", "end": "00:10:37", "text": "little bit more risky. But uh there's a"}, {"start": "00:10:35", "end": "00:10:38", "text": "lot of things happening in the market."}, {"start": "00:10:37", "end": "00:10:40", "text": "One of the things that could start to"}, {"start": "00:10:38", "end": "00:10:43", "text": "affect markets is this meeting right"}, {"start": "00:10:40", "end": "00:10:46", "text": "here. You have of course Xi Jinping"}, {"start": "00:10:43", "end": "00:10:48", "text": "preparing for the Xi Jinping Trump"}, {"start": "00:10:46", "end": "00:10:50", "text": "summit. This is coming up next week. And"}, {"start": "00:10:48", "end": "00:10:52", "text": "China has been steadily reducing its"}, {"start": "00:10:50", "end": "00:10:54", "text": "holdings of US treasuries and as as many"}, {"start": "00:10:52", "end": "00:10:56", "text": "other countries has been. They are now"}, {"start": "00:10:54", "end": "00:10:59", "text": "at the lowest level since 2008 and they"}, {"start": "00:10:56", "end": "00:11:00", "text": "continue to decline on steady basis. Uh"}, {"start": "00:10:59", "end": "00:11:02", "text": "the US has weaponized its currency and"}, {"start": "00:11:00", "end": "00:11:05", "text": "the world is trying to create"}, {"start": "00:11:02", "end": "00:11:06", "text": "alternatives. I don't know that this is"}, {"start": "00:11:05", "end": "00:11:10", "text": "going to affect but one thing that will"}, {"start": "00:11:06", "end": "00:11:13", "text": "affect the global evolution of"}, {"start": "00:11:10", "end": "00:11:15", "text": "securities and treasuries is going to be"}, {"start": "00:11:13", "end": "00:11:19", "text": "built on the blockchain. Whether we look"}, {"start": "00:11:15", "end": "00:11:21", "text": "at stable coins, tokenized assets, the"}, {"start": "00:11:19", "end": "00:11:23", "text": "likelihood of the US getting in front of"}, {"start": "00:11:21", "end": "00:11:25", "text": "this now is a little bit slimmer because"}, {"start": "00:11:23", "end": "00:11:27", "text": "of what's happening with clarity. So big"}, {"start": "00:11:25", "end": "00:11:29", "text": "issues ahead right now and it's one of"}, {"start": "00:11:27", "end": "00:11:30", "text": "those things that I think we have to pay"}, {"start": "00:11:29", "end": "00:11:32", "text": "attention to. Of course, we're going to"}, {"start": "00:11:30", "end": "00:11:33", "text": "be watching what's happening with the"}, {"start": "00:11:32", "end": "00:11:35", "text": "Fed, but I think the more important"}, {"start": "00:11:33", "end": "00:11:38", "text": "issue is how does the market respond"}, {"start": "00:11:35", "end": "00:11:41", "text": "after this quarter basis point hike and"}, {"start": "00:11:38", "end": "00:11:45", "text": "the strategy that maybe the Fed is"}, {"start": "00:11:41", "end": "00:11:45", "text": "preparing for in the next few months."}, {"start": "00:11:49", "end": "00:11:53", "text": "If you like this video, hit like and"}, {"start": "00:11:51", "end": "00:11:55", "text": "subscribe, drop a comment down below,"}, {"start": "00:11:53", "end": "00:11:59", "text": "and also join our free private member"}, {"start": "00:11:55", "end": "00:11:59", "text": "group. The link is in the description."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "Clarity backlash is underway. Who is"}, {"start": "00:00:02", "end": "00:00:06", "text": "going to benefit from this? Well, it"}, {"start": "00:00:03", "end": "00:00:07", "text": "might be Salana coming out in the win"}, {"start": "00:00:06", "end": "00:00:09", "text": "category. So, we're going to check it"}, {"start": "00:00:07", "end": "00:00:11", "text": "all out. Let's just jump right into it"}, {"start": "00:00:09", "end": "00:00:13", "text": "today. I want to thank our sponsor"}, {"start": "00:00:11", "end": "00:00:15", "text": "today, and that is Tandem, where you"}, {"start": "00:00:13", "end": "00:00:18", "text": "guys can get into full self-custody."}, {"start": "00:00:15", "end": "00:00:20", "text": "Very easy to do your secure crypto"}, {"start": "00:00:18", "end": "00:00:21", "text": "hardware wallet. And one of the things"}, {"start": "00:00:20", "end": "00:00:24", "text": "about Tandem that I think a lot of"}, {"start": "00:00:21", "end": "00:00:27", "text": "people misunderstand with self-custody"}, {"start": "00:00:24", "end": "00:00:28", "text": "is the ease of use and also the ease of"}, {"start": "00:00:27", "end": "00:00:30", "text": "being able to get this set up for you."}, {"start": "00:00:28", "end": "00:00:33", "text": "It's like a credit card. Works with your"}, {"start": "00:00:30", "end": "00:00:34", "text": "phone. Always present. Make sure to get"}, {"start": "00:00:33", "end": "00:00:36", "text": "a three card set so you've got a backup."}, {"start": "00:00:34", "end": "00:00:37", "text": "But you guys, of course, can use our"}, {"start": "00:00:36", "end": "00:00:40", "text": "link down below. It's going to give you"}, {"start": "00:00:37", "end": "00:00:42", "text": "a 10% discount. And they also have"}, {"start": "00:00:40", "end": "00:00:44", "text": "several offers from time to time. So,"}, {"start": "00:00:42", "end": "00:00:47", "text": "always check what's going on over there"}, {"start": "00:00:44", "end": "00:00:49", "text": "on the website. This is the self-custody"}, {"start": "00:00:47", "end": "00:00:50", "text": "to use. So, make sure and check it out."}, {"start": "00:00:49", "end": "00:00:53", "text": "Tell them we sent you. I want to lead"}, {"start": "00:00:50", "end": "00:00:56", "text": "off the show with a clip before we get"}, {"start": "00:00:53", "end": "00:00:59", "text": "to our guest. And this is in reference"}, {"start": "00:00:56", "end": "00:01:00", "text": "to how politicians are facing the"}, {"start": "00:00:59", "end": "00:01:02", "text": "backlash. Take a look."}, {"start": "00:01:00", "end": "00:01:03", "text": ">> Can you tell us why you voted against"}, {"start": "00:01:02", "end": "00:01:04", "text": "the Clarity Act yesterday? What are your"}, {"start": "00:01:03", "end": "00:01:06", "text": "concerns?"}, {"start": "00:01:04", "end": "00:01:07", "text": ">> Uh, I'm not prepared to talk with you"}, {"start": "00:01:06", "end": "00:01:09", "text": "about that at the moment."}, {"start": "00:01:07", "end": "00:01:11", "text": ">> Why? Why not? You voted against it,"}, {"start": "00:01:09", "end": "00:01:13", "text": "didn't you? You don't want to tell us"}, {"start": "00:01:11", "end": "00:01:15", "text": "why? Okay. Thank you, Senator. Can you"}, {"start": "00:01:13", "end": "00:01:17", "text": "just tell us briefly what your concerns"}, {"start": "00:01:15", "end": "00:01:20", "text": "are with the legislation?"}, {"start": "00:01:17", "end": "00:01:22", "text": ">> I think it is a bubble that will burst."}, {"start": "00:01:20", "end": "00:01:25", "text": "that the overall crypto, as important as"}, {"start": "00:01:22", "end": "00:01:27", "text": "it all is, you're you and Democrats are"}, {"start": "00:01:25", "end": "00:01:30", "text": "willing to hold it back to to prove a"}, {"start": "00:01:27", "end": "00:01:32", "text": "point about Trump's corruption."}, {"start": "00:01:30", "end": "00:01:34", "text": ">> Divestment is what was required."}, {"start": "00:01:32", "end": "00:01:36", "text": ">> And you know what, and this would apply"}, {"start": "00:01:34", "end": "00:01:38", "text": "to all elected officials?"}, {"start": "00:01:36", "end": "00:01:39", "text": ">> What are your concerns with that?"}, {"start": "00:01:38", "end": "00:01:42", "text": ">> My concern is farmers of my state are"}, {"start": "00:01:39", "end": "00:01:44", "text": "are so so concerned that they won't be"}, {"start": "00:01:42", "end": "00:01:46", "text": "able to get loans for their farms from"}, {"start": "00:01:44", "end": "00:01:47", "text": "smalltown banks. Uh the yields that are"}, {"start": "00:01:46", "end": "00:01:49", "text": "available under the bill. I think this"}, {"start": "00:01:47", "end": "00:01:51", "text": "is something that can be fixed. Senator"}, {"start": "00:01:49", "end": "00:01:52", "text": "Moran, I think, who also voted no, has"}, {"start": "00:01:51", "end": "00:01:54", "text": "language that would fix this."}, {"start": "00:01:52", "end": "00:01:55", "text": ">> But you are in favor of it otherwise."}, {"start": "00:01:54", "end": "00:01:56", "text": "Other than that,"}, {"start": "00:01:55", "end": "00:01:58", "text": ">> my big issue is just with that. It's"}, {"start": "00:01:56", "end": "00:01:59", "text": "with it's with the small town banks. Who"}, {"start": "00:01:58", "end": "00:02:00", "text": "was the fourth?"}, {"start": "00:01:59", "end": "00:02:02", "text": ">> Tom Tillis."}, {"start": "00:02:00", "end": "00:02:03", "text": ">> No, he did. I don't think so."}, {"start": "00:02:02", "end": "00:02:06", "text": ">> Yeah. Tom Tillis changed his mind at the"}, {"start": "00:02:03", "end": "00:02:07", "text": "11th hour. Uh you reversed course"}, {"start": "00:02:06", "end": "00:02:07", "text": "yesterday. You had initially voted"}, {"start": "00:02:07", "end": "00:02:09", "text": "yesterday."}, {"start": "00:02:07", "end": "00:02:10", "text": ">> I did reverse course, but that's what"}, {"start": "00:02:09", "end": "00:02:12", "text": "happened. I support the bill."}, {"start": "00:02:10", "end": "00:02:13", "text": ">> Okay."}, {"start": "00:02:12", "end": "00:02:15", "text": ">> All right. All right. So, you can kind"}, {"start": "00:02:13", "end": "00:02:16", "text": "of see a little bit of uh uneasiness"}, {"start": "00:02:15", "end": "00:02:19", "text": "there in Capitol Hill with a lot of"}, {"start": "00:02:16", "end": "00:02:21", "text": "lawmakers now on the hot seat. Uh you"}, {"start": "00:02:19", "end": "00:02:24", "text": "have a group of seven Democrats now"}, {"start": "00:02:21", "end": "00:02:26", "text": "coming out including Jillibrand, Mark"}, {"start": "00:02:24", "end": "00:02:28", "text": "Warner, Senator Ruben Ggo, and also"}, {"start": "00:02:26", "end": "00:02:30", "text": "Senator Also Brookbrooks who was in that"}, {"start": "00:02:28", "end": "00:02:33", "text": "clip saying that they are committed to a"}, {"start": "00:02:30", "end": "00:02:34", "text": "bipartisan fashion to pass the Clarity"}, {"start": "00:02:33", "end": "00:02:36", "text": "Act. I think this was more damage"}, {"start": "00:02:34", "end": "00:02:39", "text": "control, maybe PR statements to try to"}, {"start": "00:02:36", "end": "00:02:41", "text": "deal with either upset constituents or"}, {"start": "00:02:39", "end": "00:02:43", "text": "maybe even industry uh that is really"}, {"start": "00:02:41", "end": "00:02:44", "text": "starting to put a little pressure on"}, {"start": "00:02:43", "end": "00:02:46", "text": "this. And of course, you had Josh Holly"}, {"start": "00:02:44", "end": "00:02:49", "text": "there talking about this that he's"}, {"start": "00:02:46", "end": "00:02:51", "text": "trying to control uh loans for farmers"}, {"start": "00:02:49", "end": "00:02:53", "text": "at the small community banks. And of"}, {"start": "00:02:51", "end": "00:02:55", "text": "course, u I won't say this, but"}, {"start": "00:02:53", "end": "00:02:57", "text": "essentially Coinbase jumps out and says,"}, {"start": "00:02:55", "end": "00:02:58", "text": "\"Hey, we're going to pay even more yield"}, {"start": "00:02:57", "end": "00:03:01", "text": "now out there.\" Of course, some of this"}, {"start": "00:02:58", "end": "00:03:03", "text": "is coming from Fed interest rate hikes,"}, {"start": "00:03:01", "end": "00:03:04", "text": "but uh a lot of this coming from the"}, {"start": "00:03:03", "end": "00:03:05", "text": "fact that we have no clarity on any of"}, {"start": "00:03:04", "end": "00:03:07", "text": "the industry, and that's where we are"}, {"start": "00:03:05", "end": "00:03:09", "text": "right now. So, I wanted to bring in"}, {"start": "00:03:07", "end": "00:03:11", "text": "Kristen Smith coming in from the Salana"}, {"start": "00:03:09", "end": "00:03:13", "text": "Policy Institute to kind of break this"}, {"start": "00:03:11", "end": "00:03:15", "text": "down. Kristen, how are you?"}, {"start": "00:03:13", "end": "00:03:18", "text": ">> Uh good morning, Paul, or I guess"}, {"start": "00:03:15", "end": "00:03:21", "text": "afternoon now here in DC. Um I'm great"}, {"start": "00:03:18", "end": "00:03:24", "text": "actually. Uh we did not get clarity with"}, {"start": "00:03:21", "end": "00:03:27", "text": "a capital C this week in terms of the"}, {"start": "00:03:24", "end": "00:03:30", "text": "clarity act, but um I'm super encouraged"}, {"start": "00:03:27", "end": "00:03:33", "text": "by the fact that the SEC and the CFTC"}, {"start": "00:03:30", "end": "00:03:34", "text": "are jumping right in. And just today we"}, {"start": "00:03:33", "end": "00:03:39", "text": "saw the innovation exemption on"}, {"start": "00:03:34", "end": "00:03:41", "text": "tokenized equities and a CFTC statement"}, {"start": "00:03:39", "end": "00:03:43", "text": "uh that came out as well. And so all is"}, {"start": "00:03:41", "end": "00:03:45", "text": "not lost, but happy to unpack everything"}, {"start": "00:03:43", "end": "00:03:48", "text": "that happened with clarity and go into"}, {"start": "00:03:45", "end": "00:03:49", "text": "the path forward. I want to go and we're"}, {"start": "00:03:48", "end": "00:03:51", "text": "going to talk about that because this"}, {"start": "00:03:49", "end": "00:03:53", "text": "that is a big issue on and it's already"}, {"start": "00:03:51", "end": "00:03:56", "text": "affecting markets in some places. We'll"}, {"start": "00:03:53", "end": "00:03:58", "text": "out outline that here in a second. But"}, {"start": "00:03:56", "end": "00:04:00", "text": "one thing that is happening is that we"}, {"start": "00:03:58", "end": "00:04:03", "text": "are starting to see a big shift right"}, {"start": "00:04:00", "end": "00:04:06", "text": "here on which party will win the Senate."}, {"start": "00:04:03", "end": "00:04:08", "text": "Now the Democrats are taking control, a"}, {"start": "00:04:06", "end": "00:04:11", "text": "commanding control at a potential Senate"}, {"start": "00:04:08", "end": "00:04:14", "text": "shift. And when you look at that and"}, {"start": "00:04:11", "end": "00:04:16", "text": "also the Texas position right now on the"}, {"start": "00:04:14", "end": "00:04:18", "text": "potential uh winner over there, this"}, {"start": "00:04:16", "end": "00:04:21", "text": "would be a big win for Democrats which"}, {"start": "00:04:18", "end": "00:04:24", "text": "would put more pressure on and now give"}, {"start": "00:04:21", "end": "00:04:26", "text": "us a Democratcontrolled Senate and"}, {"start": "00:04:24", "end": "00:04:30", "text": "House. So if that were to happen,"}, {"start": "00:04:26", "end": "00:04:32", "text": "Kristen, how does this resolve in a"}, {"start": "00:04:30", "end": "00:04:34", "text": "postmidterm"}, {"start": "00:04:32", "end": "00:04:35", "text": "era where we're going to have Democrats"}, {"start": "00:04:34", "end": "00:04:36", "text": "essentially in control of the House and"}, {"start": "00:04:35", "end": "00:04:38", "text": "the Senate?"}, {"start": "00:04:36", "end": "00:04:40", "text": ">> Yeah. Yeah. Well, if you look back over,"}, {"start": "00:04:38", "end": "00:04:42", "text": "you know, the past several years,"}, {"start": "00:04:40", "end": "00:04:46", "text": "particularly in the last administration,"}, {"start": "00:04:42", "end": "00:04:48", "text": "a lot of the policym was this regulation"}, {"start": "00:04:46", "end": "00:04:51", "text": "by enforcement coming out of the SEC."}, {"start": "00:04:48", "end": "00:04:54", "text": "Um, and that was how the policies were"}, {"start": "00:04:51", "end": "00:04:56", "text": "defined for the crypto industry. Um, as"}, {"start": "00:04:54", "end": "00:04:58", "text": "a result of this very hostile"}, {"start": "00:04:56", "end": "00:05:00", "text": "environment along with the debanking and"}, {"start": "00:04:58", "end": "00:05:02", "text": "the criminal investigations of software"}, {"start": "00:05:00", "end": "00:05:05", "text": "developers in the US, the crypto"}, {"start": "00:05:02", "end": "00:05:08", "text": "community and the crypto industry"}, {"start": "00:05:05", "end": "00:05:09", "text": "created a political force um both"}, {"start": "00:05:08", "end": "00:05:12", "text": "through advocates and through"}, {"start": "00:05:09", "end": "00:05:14", "text": "fundraising and through the super PAC"}, {"start": "00:05:12", "end": "00:05:16", "text": "and really came back and made a really"}, {"start": "00:05:14", "end": "00:05:19", "text": "strong political play in the last"}, {"start": "00:05:16", "end": "00:05:22", "text": "election. uh which worked and I think"}, {"start": "00:05:19", "end": "00:05:25", "text": "that led to moving the battlefield from"}, {"start": "00:05:22", "end": "00:05:27", "text": "the courts to the Congress. Uh we've"}, {"start": "00:05:25", "end": "00:05:30", "text": "spent the past you know two years almost"}, {"start": "00:05:27", "end": "00:05:32", "text": "now working through the legislative"}, {"start": "00:05:30", "end": "00:05:34", "text": "arena and trying to advance the clarity"}, {"start": "00:05:32", "end": "00:05:36", "text": "act. Um but I think what we found out"}, {"start": "00:05:34", "end": "00:05:38", "text": "this week is that is not an option that"}, {"start": "00:05:36", "end": "00:05:40", "text": "is going to be available to us. there"}, {"start": "00:05:38", "end": "00:05:42", "text": "are too many political challenges with"}, {"start": "00:05:40", "end": "00:05:45", "text": "the Trump ethics issues with the"}, {"start": "00:05:42", "end": "00:05:47", "text": "community banks uh that it's really just"}, {"start": "00:05:45", "end": "00:05:49", "text": "not going to be a viable option. And so"}, {"start": "00:05:47", "end": "00:05:52", "text": "what we're seeing now is a shift from"}, {"start": "00:05:49", "end": "00:05:56", "text": "the legislative arena to the regulatory"}, {"start": "00:05:52", "end": "00:05:57", "text": "arena. And we have um be and I can go"}, {"start": "00:05:56", "end": "00:06:00", "text": "into this in more detail, but we really"}, {"start": "00:05:57", "end": "00:06:03", "text": "have until the summer of 2028 to get as"}, {"start": "00:06:00", "end": "00:06:06", "text": "many rules finalized from the SEC and"}, {"start": "00:06:03", "end": "00:06:09", "text": "the CFTC as we possibly can that provide"}, {"start": "00:06:06", "end": "00:06:12", "text": "clarity with a lowercase C for the"}, {"start": "00:06:09", "end": "00:06:15", "text": "industry. Um and then at that point"}, {"start": "00:06:12", "end": "00:06:18", "text": "we'll be able to, you know, defend those"}, {"start": "00:06:15", "end": "00:06:20", "text": "rules for at least about two years into"}, {"start": "00:06:18", "end": "00:06:22", "text": "any sort of new administration. Um, so I"}, {"start": "00:06:20", "end": "00:06:25", "text": "really think there's a 4-year window"}, {"start": "00:06:22", "end": "00:06:28", "text": "right now for the industry to have"}, {"start": "00:06:25", "end": "00:06:30", "text": "adoption of the technology. And I think"}, {"start": "00:06:28", "end": "00:06:32", "text": "as we see the convergence of the"}, {"start": "00:06:30", "end": "00:06:35", "text": "traditional financial world with"}, {"start": "00:06:32", "end": "00:06:38", "text": "blockchains like Salana um, and other"}, {"start": "00:06:35", "end": "00:06:39", "text": "actors in the crypto space, those rules"}, {"start": "00:06:38", "end": "00:06:42", "text": "will probably actually end up having"}, {"start": "00:06:39", "end": "00:06:44", "text": "staying power. So I think legislation is"}, {"start": "00:06:42", "end": "00:06:46", "text": "off the table. I think it's highly"}, {"start": "00:06:44", "end": "00:06:48", "text": "unlikely uh, it's going to get re"}, {"start": "00:06:46", "end": "00:06:51", "text": "resurrected. That of course would have"}, {"start": "00:06:48", "end": "00:06:53", "text": "been the preferred outcome but um in the"}, {"start": "00:06:51", "end": "00:06:56", "text": "absence of legislation we will look to"}, {"start": "00:06:53", "end": "00:06:58", "text": "the regulators and try to get as many"}, {"start": "00:06:56", "end": "00:07:00", "text": "rules on the books using the laws uh"}, {"start": "00:06:58", "end": "00:07:01", "text": "that we already have today."}, {"start": "00:07:00", "end": "00:07:04", "text": ">> That's uh that's a big deal. Do you"}, {"start": "00:07:01", "end": "00:07:07", "text": "think the rest of the industry has"}, {"start": "00:07:04", "end": "00:07:11", "text": "also come to that realization and saying"}, {"start": "00:07:07", "end": "00:07:12", "text": "that regulation is just it's over?"}, {"start": "00:07:11", "end": "00:07:14", "text": ">> Yeah. Well, I think if you look at a lot"}, {"start": "00:07:12", "end": "00:07:16", "text": "of the statements that came out from"}, {"start": "00:07:14", "end": "00:07:19", "text": "different executives in the crypto"}, {"start": "00:07:16", "end": "00:07:22", "text": "industry after the failed closure vote"}, {"start": "00:07:19", "end": "00:07:24", "text": "uh on Tuesday for the Clarity Act, uh"}, {"start": "00:07:22", "end": "00:07:28", "text": "you saw a lot of people talking about"}, {"start": "00:07:24", "end": "00:07:30", "text": "the SEC and the CFTC as being up next. I"}, {"start": "00:07:28", "end": "00:07:32", "text": "think if you even look at Patrick Wit's"}, {"start": "00:07:30", "end": "00:07:34", "text": "statement from the White House, he said"}, {"start": "00:07:32", "end": "00:07:35", "text": "Atkins and Celig uh the chairs of the"}, {"start": "00:07:34", "end": "00:07:37", "text": "respective agencies, you know, the"}, {"start": "00:07:35", "end": "00:07:39", "text": "ball's in your court. So, I think"}, {"start": "00:07:37", "end": "00:07:42", "text": "there's a realization that the the"}, {"start": "00:07:39", "end": "00:07:44", "text": "regulatory agencies have a role. Now,"}, {"start": "00:07:42", "end": "00:07:47", "text": "listen, I if you if you saw um at the"}, {"start": "00:07:44", "end": "00:07:48", "text": "very end of the Clarity Act vote, I I"}, {"start": "00:07:47", "end": "00:07:50", "text": "was actually I went to the Senate"}, {"start": "00:07:48", "end": "00:07:52", "text": "chamber because I really wanted to see"}, {"start": "00:07:50", "end": "00:07:53", "text": "this um and had high hopes that they"}, {"start": "00:07:52", "end": "00:07:55", "text": "there would be a last minute compromise"}, {"start": "00:07:53", "end": "00:07:57", "text": "that got that over the finish line. But,"}, {"start": "00:07:55", "end": "00:08:00", "text": "you know, the very last minute, Senator"}, {"start": "00:07:57", "end": "00:08:02", "text": "Tillis changed his vote from a yes to a"}, {"start": "00:08:00", "end": "00:08:04", "text": "no. Uh that is not because he doesn't"}, {"start": "00:08:02", "end": "00:08:07", "text": "support the bill. of that is because by"}, {"start": "00:08:04", "end": "00:08:09", "text": "doing so, it allows him to potentially"}, {"start": "00:08:07", "end": "00:08:12", "text": "bring up that legislation again within"}, {"start": "00:08:09", "end": "00:08:14", "text": "the next 48 hours. Um there's no"}, {"start": "00:08:12", "end": "00:08:15", "text": "indication that that is going to happen"}, {"start": "00:08:14", "end": "00:08:18", "text": "today. That would be today as we're"}, {"start": "00:08:15", "end": "00:08:21", "text": "recording this. Um but uh you know, they"}, {"start": "00:08:18", "end": "00:08:23", "text": "could decide to revisit this legislation"}, {"start": "00:08:21", "end": "00:08:26", "text": "potentially in the lame duck. Uh but"}, {"start": "00:08:23", "end": "00:08:27", "text": "they still need to get the 60 votes and"}, {"start": "00:08:26", "end": "00:08:29", "text": "that means that they need to have an"}, {"start": "00:08:27", "end": "00:08:31", "text": "agreement between the Democrats and the"}, {"start": "00:08:29", "end": "00:08:34", "text": "White House on what to do on ethics and"}, {"start": "00:08:31", "end": "00:08:36", "text": "uh there needs to be um you know an"}, {"start": "00:08:34", "end": "00:08:38", "text": "agreement on what to do to satisfy the"}, {"start": "00:08:36", "end": "00:08:40", "text": "banks and and I think the problem is"}, {"start": "00:08:38", "end": "00:08:43", "text": "that the some some of the demands that"}, {"start": "00:08:40", "end": "00:08:45", "text": "are out there um around the yield issue"}, {"start": "00:08:43", "end": "00:08:46", "text": "but also around some of the other crypto"}, {"start": "00:08:45", "end": "00:08:49", "text": "issues like the blockchain regulatory"}, {"start": "00:08:46", "end": "00:08:50", "text": "certainty act and others um are are"}, {"start": "00:08:49", "end": "00:08:52", "text": "almost so extreme that we might not even"}, {"start": "00:08:50", "end": "00:08:54", "text": "want those policies as an industry"}, {"start": "00:08:52", "end": "00:08:56", "text": "anymore. more. So, I think listen, the"}, {"start": "00:08:54", "end": "00:09:00", "text": "legislative option, it was a good try"}, {"start": "00:08:56", "end": "00:09:02", "text": "and we've certainly gotten a lot uh you"}, {"start": "00:09:00", "end": "00:09:04", "text": "know, we've got the Genius Act. Uh we've"}, {"start": "00:09:02", "end": "00:09:05", "text": "had the roll back of SAV21. Like there"}, {"start": "00:09:04", "end": "00:09:08", "text": "were all sorts of efforts that came out"}, {"start": "00:09:05", "end": "00:09:10", "text": "of this. Um but the clarity act is, you"}, {"start": "00:09:08", "end": "00:09:11", "text": "know, the reality is that's probably not"}, {"start": "00:09:10", "end": "00:09:14", "text": "going to be one of them at this stage."}, {"start": "00:09:11", "end": "00:09:16", "text": "And so, you know, we need to focus on"}, {"start": "00:09:14", "end": "00:09:18", "text": "the other avenues like the federal"}, {"start": "00:09:16", "end": "00:09:20", "text": "rulemaking process at the at the"}, {"start": "00:09:18", "end": "00:09:22", "text": "regulatory agencies uh to get the kind"}, {"start": "00:09:20", "end": "00:09:24", "text": "of certainty we need. and we've already"}, {"start": "00:09:22", "end": "00:09:27", "text": "seen actions on that today. So, this is"}, {"start": "00:09:24", "end": "00:09:28", "text": "this is very much um a live exercise and"}, {"start": "00:09:27", "end": "00:09:30", "text": "and I think there's a lot of hope that"}, {"start": "00:09:28", "end": "00:09:32", "text": "we're going to get the type of clarity"}, {"start": "00:09:30", "end": "00:09:34", "text": "and guidance that we need."}, {"start": "00:09:32", "end": "00:09:36", "text": ">> You're mentioning the uh Atkins"}, {"start": "00:09:34", "end": "00:09:39", "text": "announcement on in terms of innovation"}, {"start": "00:09:36", "end": "00:09:40", "text": "um exemption. Let me go to that clip so"}, {"start": "00:09:39", "end": "00:09:42", "text": "our audience can kind of get caught up"}, {"start": "00:09:40", "end": "00:09:43", "text": "on what is happening right now. Let's"}, {"start": "00:09:42", "end": "00:09:45", "text": "take a look."}, {"start": "00:09:43", "end": "00:09:48", "text": ">> Congress was unable to advance the"}, {"start": "00:09:45", "end": "00:09:51", "text": "Clarity Act. So today we are taking a"}, {"start": "00:09:48", "end": "00:09:55", "text": "significant step through what we call"}, {"start": "00:09:51", "end": "00:09:58", "text": "the innovation exemption a mechanism to"}, {"start": "00:09:55", "end": "00:10:01", "text": "facilitate onchain trading of certain"}, {"start": "00:09:58", "end": "00:10:03", "text": "tokenized stocks. First exempting"}, {"start": "00:10:01", "end": "00:10:06", "text": "certain trading venues from the"}, {"start": "00:10:03", "end": "00:10:09", "text": "definition of exchange and second"}, {"start": "00:10:06", "end": "00:10:11", "text": "exempting certain liquidity providers"}, {"start": "00:10:09", "end": "00:10:14", "text": "from the definition of dealer. Our"}, {"start": "00:10:11", "end": "00:10:17", "text": "innovation exemption is intentionally"}, {"start": "00:10:14", "end": "00:10:20", "text": "limited in scope and set to expire after"}, {"start": "00:10:17", "end": "00:10:22", "text": "five years. Thank you very much."}, {"start": "00:10:20", "end": "00:10:24", "text": ">> All right. So, some of the things that"}, {"start": "00:10:22", "end": "00:10:26", "text": "come up on this are the requirements bad"}, {"start": "00:10:24", "end": "00:10:29", "text": "right now that were outlined within this"}, {"start": "00:10:26", "end": "00:10:31", "text": "bad for permissionless equities. If you"}, {"start": "00:10:29", "end": "00:10:33", "text": "look at what Carlos Domingo of"}, {"start": "00:10:31", "end": "00:10:35", "text": "Securitize is talking about the"}, {"start": "00:10:33", "end": "00:10:38", "text": "sanctions compliance, this is a TSV must"}, {"start": "00:10:35", "end": "00:10:40", "text": "be a US person and comply with economic"}, {"start": "00:10:38", "end": "00:10:43", "text": "and trade sanctions programs"}, {"start": "00:10:40", "end": "00:10:45", "text": "administered and enforced by the uh"}, {"start": "00:10:43", "end": "00:10:47", "text": "foreign assets control office. So that"}, {"start": "00:10:45", "end": "00:10:49", "text": "and then you get into permissioned"}, {"start": "00:10:47", "end": "00:10:52", "text": "access. This is going into it as well."}, {"start": "00:10:49", "end": "00:10:53", "text": "Must set standards of access to allow"}, {"start": "00:10:52", "end": "00:10:57", "text": "only certain participants to trade"}, {"start": "00:10:53", "end": "00:11:00", "text": "tokenized stock on the TSV. So with some"}, {"start": "00:10:57", "end": "00:11:02", "text": "of these issues, is this bad for"}, {"start": "00:11:00", "end": "00:11:05", "text": "permissionless equities?"}, {"start": "00:11:02", "end": "00:11:08", "text": ">> Oh no, absolutely not. I think this is"}, {"start": "00:11:05", "end": "00:11:10", "text": "fantastic news for, you know, public"}, {"start": "00:11:08", "end": "00:11:12", "text": "permissionless blockchains. And what"}, {"start": "00:11:10", "end": "00:11:14", "text": "what happened is today for the very"}, {"start": "00:11:12", "end": "00:11:18", "text": "first time, the SEC said that you can"}, {"start": "00:11:14", "end": "00:11:21", "text": "actually trade real US stocks on chain"}, {"start": "00:11:18", "end": "00:11:24", "text": "through AMM pools on public blockchains."}, {"start": "00:11:21", "end": "00:11:26", "text": "Like this is this is a huge deal. And"}, {"start": "00:11:24", "end": "00:11:28", "text": "yes, there will be, you know, some"}, {"start": "00:11:26", "end": "00:11:31", "text": "requirements around that. But the fact"}, {"start": "00:11:28", "end": "00:11:34", "text": "is like these are actual shares. These"}, {"start": "00:11:31", "end": "00:11:36", "text": "shares will earn dividends. Uh you will"}, {"start": "00:11:34", "end": "00:11:39", "text": "be able to vote with these shares. These"}, {"start": "00:11:36", "end": "00:11:42", "text": "aren't rappers. Um you know, it doesn't"}, {"start": "00:11:39", "end": "00:11:44", "text": "it these are tokens that carry the exact"}, {"start": "00:11:42", "end": "00:11:46", "text": "same rights as any other stock out"}, {"start": "00:11:44", "end": "00:11:48", "text": "there. So I think this is a really big"}, {"start": "00:11:46", "end": "00:11:52", "text": "deal. It's the first time we've had a"}, {"start": "00:11:48", "end": "00:11:54", "text": "path forward uh for the trading of these"}, {"start": "00:11:52", "end": "00:11:57", "text": "in the United States. Um and that means"}, {"start": "00:11:54", "end": "00:11:58", "text": "that you know US persons will be able to"}, {"start": "00:11:57", "end": "00:12:01", "text": "self-custody their shares. They'll be"}, {"start": "00:11:58", "end": "00:12:03", "text": "able to trade them 247. Uh they will"}, {"start": "00:12:01", "end": "00:12:05", "text": "have instant settlement. They can use"}, {"start": "00:12:03", "end": "00:12:09", "text": "stable coins. I think this is a this is"}, {"start": "00:12:05", "end": "00:12:11", "text": "a really big and important step forward."}, {"start": "00:12:09", "end": "00:12:13", "text": "It is not the complete step. I think the"}, {"start": "00:12:11", "end": "00:12:16", "text": "SEC is being really smart and thoughtful"}, {"start": "00:12:13", "end": "00:12:19", "text": "and taking it, you know, one piece at a"}, {"start": "00:12:16", "end": "00:12:21", "text": "time. But the what the SEC did with this"}, {"start": "00:12:19", "end": "00:12:23", "text": "is they are providing this innovation"}, {"start": "00:12:21", "end": "00:12:26", "text": "exemption. Um, but then they're also"}, {"start": "00:12:23", "end": "00:12:29", "text": "conducting an a rulemaking process. So"}, {"start": "00:12:26", "end": "00:12:31", "text": "this process will take uh probably about"}, {"start": "00:12:29", "end": "00:12:32", "text": "18 months where they will have public"}, {"start": "00:12:31", "end": "00:12:35", "text": "comments. they will see what's happening"}, {"start": "00:12:32", "end": "00:12:37", "text": "and learn from the innovation exemption"}, {"start": "00:12:35", "end": "00:12:40", "text": "and finalize a framework uh that they"}, {"start": "00:12:37", "end": "00:12:42", "text": "will put into regulation going forward."}, {"start": "00:12:40", "end": "00:12:44", "text": "Um and those rules are strong, right?"}, {"start": "00:12:42", "end": "00:12:46", "text": "You can rules can be changed. Uh but to"}, {"start": "00:12:44", "end": "00:12:48", "text": "change a rule, you have to go through"}, {"start": "00:12:46", "end": "00:12:49", "text": "the same process you did to get that"}, {"start": "00:12:48", "end": "00:12:52", "text": "rule in place to begin with. So it's not"}, {"start": "00:12:49", "end": "00:12:55", "text": "an instantaneous thing. But I think the"}, {"start": "00:12:52", "end": "00:12:56", "text": "SEC is being very thoughtful. Um they"}, {"start": "00:12:55", "end": "00:12:59", "text": "want this to work. They don't want to"}, {"start": "00:12:56", "end": "00:13:02", "text": "put the US uh you know equities markets"}, {"start": "00:12:59", "end": "00:13:04", "text": "at risk. So they're doing it uh you know"}, {"start": "00:13:02", "end": "00:13:06", "text": "one step at a time but I think this is a"}, {"start": "00:13:04", "end": "00:13:08", "text": "critically important step. I think it's"}, {"start": "00:13:06", "end": "00:13:11", "text": "a really big deal. It's great news for"}, {"start": "00:13:08", "end": "00:13:13", "text": "Salana. Salana is the fastest most used"}, {"start": "00:13:11", "end": "00:13:15", "text": "blockchain in the world. Great place uh"}, {"start": "00:13:13", "end": "00:13:17", "text": "for issuing and trading stocks and I"}, {"start": "00:13:15", "end": "00:13:19", "text": "think now that this innovation exemption"}, {"start": "00:13:17", "end": "00:13:22", "text": "is in place we're going to see uh this"}, {"start": "00:13:19", "end": "00:13:24", "text": "technology uh be available uh to US"}, {"start": "00:13:22", "end": "00:13:26", "text": "persons. So we're we're we're very"}, {"start": "00:13:24", "end": "00:13:27", "text": "excited about this and very very"}, {"start": "00:13:26", "end": "00:13:29", "text": "bullish."}, {"start": "00:13:27", "end": "00:13:31", "text": ">> Yeah. So big statement right there. And"}, {"start": "00:13:29", "end": "00:13:34", "text": "I think just to be clear because some of"}, {"start": "00:13:31", "end": "00:13:37", "text": "this if you read what Atkins has put out"}, {"start": "00:13:34", "end": "00:13:39", "text": "from the SEC there is I looked at and I"}, {"start": "00:13:37", "end": "00:13:41", "text": "saw I saw but you I think you answered"}, {"start": "00:13:39", "end": "00:13:42", "text": "it. I saw a little bit of concern in the"}, {"start": "00:13:41", "end": "00:13:45", "text": "sense that there might be some"}, {"start": "00:13:42", "end": "00:13:47", "text": "restrictions you know that would come in"}, {"start": "00:13:45", "end": "00:13:49", "text": "in terms of what stocks could be offered"}, {"start": "00:13:47", "end": "00:13:51", "text": "in some of these scenarios. what you're"}, {"start": "00:13:49", "end": "00:13:54", "text": "saying, it's about an 18-month window"}, {"start": "00:13:51", "end": "00:13:57", "text": "where these scenarios will get tested"}, {"start": "00:13:54", "end": "00:13:58", "text": "under the innovation exemption and then"}, {"start": "00:13:57", "end": "00:14:00", "text": "be able to kind of work around that. So,"}, {"start": "00:13:58", "end": "00:14:02", "text": "essentially, it seems like you got an"}, {"start": "00:14:00", "end": "00:14:05", "text": "18-month window here to really amp up"}, {"start": "00:14:02", "end": "00:14:07", "text": "the innovation and hopefully the SEC can"}, {"start": "00:14:05", "end": "00:14:09", "text": "see the results and then come out with"}, {"start": "00:14:07", "end": "00:14:11", "text": "real positive regulation. Is that what"}, {"start": "00:14:09", "end": "00:14:12", "text": "what I'm hearing from you?"}, {"start": "00:14:11", "end": "00:14:15", "text": ">> Yeah. Yeah. And and to be clear, the"}, {"start": "00:14:12", "end": "00:14:18", "text": "innovation exemption itself is valid for"}, {"start": "00:14:15", "end": "00:14:20", "text": "five years. So, um, you know, that will"}, {"start": "00:14:18", "end": "00:14:22", "text": "be in place in a while, but what it"}, {"start": "00:14:20", "end": "00:14:25", "text": "allows for is for a full rule making"}, {"start": "00:14:22", "end": "00:14:28", "text": "process to to get underway. That"}, {"start": "00:14:25", "end": "00:14:31", "text": "typically lasts somewhere between 18 and"}, {"start": "00:14:28", "end": "00:14:32", "text": "24 months. Um, sometimes it's more,"}, {"start": "00:14:31", "end": "00:14:34", "text": "sometimes it's less, but with a rule"}, {"start": "00:14:32", "end": "00:14:37", "text": "making process, the agency proposes"}, {"start": "00:14:34", "end": "00:14:38", "text": "rules, they take in feedback on"}, {"start": "00:14:37", "end": "00:14:42", "text": "comments. Uh, there's a lot of back and"}, {"start": "00:14:38", "end": "00:14:45", "text": "forth. Um, and and it it does take some"}, {"start": "00:14:42", "end": "00:14:47", "text": "time to do that. So, uh, by having the"}, {"start": "00:14:45", "end": "00:14:49", "text": "innovation exemption in place, the SEC"}, {"start": "00:14:47", "end": "00:14:52", "text": "will be able to observe, see how things"}, {"start": "00:14:49", "end": "00:14:55", "text": "are working in, um, you know, in a"}, {"start": "00:14:52", "end": "00:14:57", "text": "defined environment and can make"}, {"start": "00:14:55", "end": "00:14:59", "text": "adjustments as needed, um, during the"}, {"start": "00:14:57", "end": "00:15:02", "text": "rule making process. So, I think they're"}, {"start": "00:14:59", "end": "00:15:03", "text": "being very very thoughtful and, um,"}, {"start": "00:15:02", "end": "00:15:05", "text": "they're wanting to do this in a way that"}, {"start": "00:15:03", "end": "00:15:09", "text": "that sticks and that lasts."}, {"start": "00:15:05", "end": "00:15:11", "text": ">> Yeah. under this Kristen for Salana"}, {"start": "00:15:09", "end": "00:15:14", "text": "within the platform itself would would"}, {"start": "00:15:11", "end": "00:15:18", "text": "any of these not qualify whether it's"}, {"start": "00:15:14", "end": "00:15:21", "text": "XStocks Ono and even Backpack or is that"}, {"start": "00:15:18", "end": "00:15:22", "text": "all included within this?"}, {"start": "00:15:21", "end": "00:15:27", "text": ">> Yeah. No, I think there's going to have"}, {"start": "00:15:22", "end": "00:15:28", "text": "to be changes um for for to some of"}, {"start": "00:15:27", "end": "00:15:30", "text": "these programs for how they operate in"}, {"start": "00:15:28", "end": "00:15:33", "text": "the US. Now overseas, you know, things"}, {"start": "00:15:30", "end": "00:15:35", "text": "like XTOCS and others can continue. Um,"}, {"start": "00:15:33", "end": "00:15:37", "text": "but I think this is, you know, great"}, {"start": "00:15:35", "end": "00:15:39", "text": "news for Backpack. I think it's great"}, {"start": "00:15:37", "end": "00:15:42", "text": "news for Superstate. I think it's great"}, {"start": "00:15:39", "end": "00:15:44", "text": "news, um, you know, for Securitize. It's"}, {"start": "00:15:42", "end": "00:15:46", "text": "it's a really good step forward for"}, {"start": "00:15:44", "end": "00:15:49", "text": "those companies that are really trying"}, {"start": "00:15:46", "end": "00:15:51", "text": "to get the actual shares on chain. Um,"}, {"start": "00:15:49", "end": "00:15:52", "text": "because that's that's the ultimate goal,"}, {"start": "00:15:51", "end": "00:15:54", "text": "right? People don't want rappers. They"}, {"start": "00:15:52", "end": "00:15:55", "text": "don't want to bet on the price of a"}, {"start": "00:15:54", "end": "00:15:58", "text": "stock. Like, they want to have actual"}, {"start": "00:15:55", "end": "00:16:00", "text": "ownership of the actual shares on chain."}, {"start": "00:15:58", "end": "00:16:02", "text": "And so, this is paving the way for that"}, {"start": "00:16:00", "end": "00:16:04", "text": "to happen on a large scale. the the"}, {"start": "00:16:02", "end": "00:16:06", "text": "innovation exemption will be on a"}, {"start": "00:16:04", "end": "00:16:08", "text": "smaller scale to begin, but I think over"}, {"start": "00:16:06", "end": "00:16:11", "text": "time um you know this is the first step"}, {"start": "00:16:08", "end": "00:16:12", "text": "we need for a complete and total upgrade"}, {"start": "00:16:11", "end": "00:16:14", "text": "of the way we issue and trade"}, {"start": "00:16:12", "end": "00:16:15", "text": "securities."}, {"start": "00:16:14", "end": "00:16:17", "text": ">> You had Vlad Tennf coming out and"}, {"start": "00:16:15", "end": "00:16:19", "text": "announcing, hey, tokenization is coming"}, {"start": "00:16:17", "end": "00:16:21", "text": "to America. Uh and thanks to the SEC's"}, {"start": "00:16:19", "end": "00:16:23", "text": "leadership, Americans now start reaping"}, {"start": "00:16:21", "end": "00:16:25", "text": "the benefits tokenized instant"}, {"start": "00:16:23", "end": "00:16:27", "text": "settlement. Uh so it's a good day for"}, {"start": "00:16:25", "end": "00:16:29", "text": "innovation. Obviously Robin Hood going"}, {"start": "00:16:27", "end": "00:16:32", "text": "forward on that would in this kind of"}, {"start": "00:16:29", "end": "00:16:33", "text": "scenario and if I read this right would"}, {"start": "00:16:32", "end": "00:16:35", "text": "Robin Hood have to go in and they don't"}, {"start": "00:16:33", "end": "00:16:37", "text": "have to get approval but they have to"}, {"start": "00:16:35", "end": "00:16:38", "text": "give notification would they have would"}, {"start": "00:16:37", "end": "00:16:42", "text": "they have to go in and do something like"}, {"start": "00:16:38", "end": "00:16:44", "text": "a delisting of tokenized AMC stock? I I"}, {"start": "00:16:42", "end": "00:16:48", "text": "just wonder in your opinion"}, {"start": "00:16:44", "end": "00:16:50", "text": ">> I if if they're going to be offering the"}, {"start": "00:16:48", "end": "00:16:52", "text": "the actual shares to US customers then"}, {"start": "00:16:50", "end": "00:16:54", "text": "they're going to have to go through the"}, {"start": "00:16:52", "end": "00:16:56", "text": "new process and it does require"}, {"start": "00:16:54", "end": "00:16:57", "text": "disclosures and in full in full"}, {"start": "00:16:56", "end": "00:16:59", "text": "disclosure in my end this happened a"}, {"start": "00:16:57", "end": "00:17:01", "text": "couple hours ago and I've been back to"}, {"start": "00:16:59", "end": "00:17:02", "text": "back all day so I have not actually read"}, {"start": "00:17:01", "end": "00:17:05", "text": "the full proposal ourselves but in"}, {"start": "00:17:02", "end": "00:17:08", "text": "talking to our team u you know there"}, {"start": "00:17:05", "end": "00:17:10", "text": "there is going to be requirements around"}, {"start": "00:17:08", "end": "00:17:11", "text": "this this isn't you know a free-for-all"}, {"start": "00:17:10", "end": "00:17:14", "text": "there are still securities laws laws"}, {"start": "00:17:11", "end": "00:17:17", "text": "that apply and this um innovation"}, {"start": "00:17:14", "end": "00:17:19", "text": "exemption provides the pathway forward"}, {"start": "00:17:17", "end": "00:17:20", "text": "uh for doing so. But so yes, lawyers"}, {"start": "00:17:19", "end": "00:17:22", "text": "will be involved. There will be back and"}, {"start": "00:17:20", "end": "00:17:24", "text": "forth with the SEC. Uh but that's a good"}, {"start": "00:17:22", "end": "00:17:26", "text": "thing. I think that's what the industry"}, {"start": "00:17:24", "end": "00:17:28", "text": "has been asking for. We want to find a"}, {"start": "00:17:26", "end": "00:17:30", "text": "way to get the benefits of the"}, {"start": "00:17:28", "end": "00:17:33", "text": "technology within the laws we have today"}, {"start": "00:17:30", "end": "00:17:34", "text": "and and that's what this does."}, {"start": "00:17:33", "end": "00:17:36", "text": ">> Uh we were watching Amanda Fischer"}, {"start": "00:17:34", "end": "00:17:38", "text": "comment on this. This is former SEC"}, {"start": "00:17:36", "end": "00:17:41", "text": "chief of staff. Uh so worked under"}, {"start": "00:17:38", "end": "00:17:43", "text": "Gendler. The SEC order requires uh"}, {"start": "00:17:41", "end": "00:17:46", "text": "tokenized venues to alert public"}, {"start": "00:17:43", "end": "00:17:49", "text": "companies and give them a chance to"}, {"start": "00:17:46", "end": "00:17:52", "text": "object to tokenization but doesn't"}, {"start": "00:17:49", "end": "00:17:55", "text": "require affirmative consent."}, {"start": "00:17:52", "end": "00:17:56", "text": "So this is a very I think there's some"}, {"start": "00:17:55", "end": "00:17:59", "text": "interesting ways that this is being"}, {"start": "00:17:56", "end": "00:18:01", "text": "interpreted right now because this has"}, {"start": "00:17:59", "end": "00:18:02", "text": "just been put out. I'm sure Atkins and"}, {"start": "00:18:01", "end": "00:18:04", "text": "his team is going to they're going to"}, {"start": "00:18:02", "end": "00:18:06", "text": "see all sorts of issues that are going"}, {"start": "00:18:04", "end": "00:18:08", "text": "to rise out of this I guess during on"}, {"start": "00:18:06", "end": "00:18:10", "text": "these open comment areas. So that in"}, {"start": "00:18:08", "end": "00:18:12", "text": "itself would be a big deal. Here was uh"}, {"start": "00:18:10", "end": "00:18:14", "text": "uh Armani talking about an important"}, {"start": "00:18:12", "end": "00:18:16", "text": "step for backpack right there. Going"}, {"start": "00:18:14", "end": "00:18:18", "text": "forward, every stock ETF perpetual"}, {"start": "00:18:16", "end": "00:18:21", "text": "listing unlocks the underlying spot"}, {"start": "00:18:18", "end": "00:18:24", "text": "asset as a margin collateral. So now"}, {"start": "00:18:21", "end": "00:18:26", "text": "borrowing against stocks trading it."}, {"start": "00:18:24", "end": "00:18:28", "text": "This is what the market has been wanting"}, {"start": "00:18:26", "end": "00:18:30", "text": "for some time. And you can see backpack"}, {"start": "00:18:28", "end": "00:18:31", "text": "even says it right there. All stocks and"}, {"start": "00:18:30", "end": "00:18:36", "text": "ETFs corresponding per markets can now"}, {"start": "00:18:31", "end": "00:18:40", "text": "be used as collateral. So a big deal. um"}, {"start": "00:18:36", "end": "00:18:41", "text": "this goes out, you get maybe good"}, {"start": "00:18:40", "end": "00:18:45", "text": "regulation."}, {"start": "00:18:41", "end": "00:18:46", "text": "How sensitive is this to change down the"}, {"start": "00:18:45", "end": "00:18:48", "text": "road?"}, {"start": "00:18:46", "end": "00:18:50", "text": ">> Yeah. No, that's a great question. And"}, {"start": "00:18:48", "end": "00:18:53", "text": "you know, if we had the Clarity Act and"}, {"start": "00:18:50", "end": "00:18:55", "text": "we got that signed into law, uh anything"}, {"start": "00:18:53", "end": "00:18:56", "text": "done within the Clarity Act would be"}, {"start": "00:18:55", "end": "00:18:58", "text": "pretty permanent, right? It's very"}, {"start": "00:18:56", "end": "00:19:01", "text": "difficult to undo laws because you have"}, {"start": "00:18:58", "end": "00:19:04", "text": "to, you know, write a new law. um if we"}, {"start": "00:19:01", "end": "00:19:05", "text": "get through the rule making process and"}, {"start": "00:19:04", "end": "00:19:07", "text": "there are rules on the books that that"}, {"start": "00:19:05", "end": "00:19:09", "text": "that are that go through the entire"}, {"start": "00:19:07", "end": "00:19:11", "text": "process and are finalized by the SEC and"}, {"start": "00:19:09", "end": "00:19:14", "text": "you know the CFTC has some things they"}, {"start": "00:19:11", "end": "00:19:17", "text": "can do as well. um it's going to take"}, {"start": "00:19:14", "end": "00:19:19", "text": "that entire process to un to undo"}, {"start": "00:19:17", "end": "00:19:21", "text": "anything that's done. And I think you"}, {"start": "00:19:19", "end": "00:19:23", "text": "know one of the problems that we've had"}, {"start": "00:19:21", "end": "00:19:24", "text": "with the the industry in the past is"}, {"start": "00:19:23", "end": "00:19:26", "text": "that there were there were no rules on"}, {"start": "00:19:24", "end": "00:19:29", "text": "the books and so that led to a lot of"}, {"start": "00:19:26", "end": "00:19:31", "text": "the challenges that the industry faced"}, {"start": "00:19:29", "end": "00:19:33", "text": "in prior years with the SEC. Once there"}, {"start": "00:19:31", "end": "00:19:36", "text": "are rules on the books and I think once"}, {"start": "00:19:33", "end": "00:19:38", "text": "the traditional financial institutions"}, {"start": "00:19:36", "end": "00:19:40", "text": "uh you know start getting involved and"}, {"start": "00:19:38", "end": "00:19:42", "text": "being part of this process I think those"}, {"start": "00:19:40", "end": "00:19:44", "text": "rules are going to stick. uh there might"}, {"start": "00:19:42", "end": "00:19:47", "text": "be some changes around the edges going"}, {"start": "00:19:44", "end": "00:19:50", "text": "forward, but you know if this technology"}, {"start": "00:19:47", "end": "00:19:53", "text": "is good, if it is valuable, if it proves"}, {"start": "00:19:50", "end": "00:19:55", "text": "its case, I don't think that that future"}, {"start": "00:19:53", "end": "00:19:57", "text": "regulators are going to want to"}, {"start": "00:19:55", "end": "00:19:59", "text": "wholesale undo what Chair Atkins is"}, {"start": "00:19:57", "end": "00:20:01", "text": "doing. And okay, um you know, listen,"}, {"start": "00:19:59", "end": "00:20:04", "text": "some of this is on the industry, right?"}, {"start": "00:20:01", "end": "00:20:06", "text": "Like this this needs to work. Um this"}, {"start": "00:20:04", "end": "00:20:09", "text": "needs to be an improvement over the"}, {"start": "00:20:06", "end": "00:20:11", "text": "status quo. And if it is, I think this"}, {"start": "00:20:09", "end": "00:20:14", "text": "is going to be incredibly durable and it"}, {"start": "00:20:11", "end": "00:20:16", "text": "can have um the longevity that we would"}, {"start": "00:20:14", "end": "00:20:18", "text": "have had uh you know with legislation um"}, {"start": "00:20:16", "end": "00:20:21", "text": "through the rulemaking process."}, {"start": "00:20:18", "end": "00:20:22", "text": ">> Yeah, I'm looking further into because"}, {"start": "00:20:21", "end": "00:20:24", "text": "there's some other things that could"}, {"start": "00:20:22", "end": "00:20:26", "text": "apply to this. This is just in reference"}, {"start": "00:20:24", "end": "00:20:28", "text": "to stocks being paired with memecoins. I"}, {"start": "00:20:26", "end": "00:20:30", "text": "think if you look at just stocks, what I"}, {"start": "00:20:28", "end": "00:20:31", "text": "want to show to the audience is just"}, {"start": "00:20:30", "end": "00:20:34", "text": "what we're seeing in terms of growth on"}, {"start": "00:20:31", "end": "00:20:36", "text": "the platform. So, there's clearly some"}, {"start": "00:20:34", "end": "00:20:37", "text": "indication there might be some action"}, {"start": "00:20:36", "end": "00:20:39", "text": "here for you guys that are watching"}, {"start": "00:20:37", "end": "00:20:41", "text": "that. I know a lot of staunch people are"}, {"start": "00:20:39", "end": "00:20:43", "text": "watching. I'm going to go to the CFTC"}, {"start": "00:20:41", "end": "00:20:46", "text": "statement this morning and this came"}, {"start": "00:20:43", "end": "00:20:49", "text": "out. The position is similar to that"}, {"start": "00:20:46", "end": "00:20:51", "text": "provided in the staff letter uh and is"}, {"start": "00:20:49", "end": "00:20:54", "text": "now broadly available to such providers."}, {"start": "00:20:51", "end": "00:20:56", "text": "This is in the no the uh the staff"}, {"start": "00:20:54", "end": "00:20:59", "text": "issues of a no action position to"}, {"start": "00:20:56", "end": "00:21:01", "text": "providers of passive software. So,"}, {"start": "00:20:59", "end": "00:21:04", "text": "you've got this happening right now. Who"}, {"start": "00:21:01", "end": "00:21:06", "text": "would this apply to, do you think?"}, {"start": "00:21:04", "end": "00:21:08", "text": ">> Yeah. Well, this is this is this was u"}, {"start": "00:21:06", "end": "00:21:10", "text": "another piece of great news that came"}, {"start": "00:21:08", "end": "00:21:13", "text": "out this morning. Um so, you know,"}, {"start": "00:21:10", "end": "00:21:16", "text": "Phantom a while back received a no"}, {"start": "00:21:13", "end": "00:21:19", "text": "action letter um for the Phantom wallet"}, {"start": "00:21:16", "end": "00:21:20", "text": "when properly KYCed to interact with"}, {"start": "00:21:19", "end": "00:21:23", "text": "different derivatives market"}, {"start": "00:21:20", "end": "00:21:25", "text": "participants. Um but the thing with no"}, {"start": "00:21:23", "end": "00:21:28", "text": "action letters is they apply to a"}, {"start": "00:21:25", "end": "00:21:31", "text": "specific company under a specific set of"}, {"start": "00:21:28", "end": "00:21:34", "text": "circumstances. What the SEC today said"}, {"start": "00:21:31", "end": "00:21:36", "text": "is that the same type of relief that"}, {"start": "00:21:34", "end": "00:21:39", "text": "Phantom has applies to every"}, {"start": "00:21:36", "end": "00:21:41", "text": "self-custody wallet and front end for"}, {"start": "00:21:39", "end": "00:21:43", "text": "regulated derivatives. Now, you have to"}, {"start": "00:21:41", "end": "00:21:46", "text": "do KYC on all of that, but you can ask."}, {"start": "00:21:43", "end": "00:21:50", "text": "It's it is huge. Now, I think that um"}, {"start": "00:21:46", "end": "00:21:53", "text": "the CFTC is probably going to also"}, {"start": "00:21:50", "end": "00:21:55", "text": "consider doing a rule making on this so"}, {"start": "00:21:53", "end": "00:21:57", "text": "that they could make this uh guidance"}, {"start": "00:21:55", "end": "00:21:59", "text": "permanent. But the fact that they issued"}, {"start": "00:21:57", "end": "00:22:01", "text": "this statement today uh is absolutely"}, {"start": "00:21:59", "end": "00:22:03", "text": "great. I really do think we're going to"}, {"start": "00:22:01", "end": "00:22:05", "text": "be okay. Um in the absence of"}, {"start": "00:22:03", "end": "00:22:07", "text": "legislation, I think the agencies are"}, {"start": "00:22:05", "end": "00:22:09", "text": "ready to go and they've already taken"}, {"start": "00:22:07", "end": "00:22:11", "text": "swift action."}, {"start": "00:22:09", "end": "00:22:14", "text": ">> I am surprised that the market has not"}, {"start": "00:22:11", "end": "00:22:17", "text": "responded to this more positively yet."}, {"start": "00:22:14", "end": "00:22:19", "text": "Obviously, it's very early. But I'm also"}, {"start": "00:22:17", "end": "00:22:20", "text": "thinking about this now as we're having"}, {"start": "00:22:19", "end": "00:22:23", "text": "this interview, Kristen, and I just"}, {"start": "00:22:20", "end": "00:22:25", "text": "wonder, do the banks realize what just"}, {"start": "00:22:23", "end": "00:22:27", "text": "happened?"}, {"start": "00:22:25", "end": "00:22:29", "text": ">> You know, it's interesting because if"}, {"start": "00:22:27", "end": "00:22:32", "text": "you look at the way the Clarity Act was"}, {"start": "00:22:29", "end": "00:22:35", "text": "uh written versus um some of the things"}, {"start": "00:22:32", "end": "00:22:38", "text": "that the SEC and CFTC can do, the"}, {"start": "00:22:35", "end": "00:22:40", "text": "Clarity Act was actually a lot more um"}, {"start": "00:22:38", "end": "00:22:42", "text": "restrictive, I would say, than what the"}, {"start": "00:22:40", "end": "00:22:44", "text": "agencies can do. And so I think the fact"}, {"start": "00:22:42", "end": "00:22:47", "text": "that the Democrats walked away from the"}, {"start": "00:22:44", "end": "00:22:51", "text": "table, they really lost an opportunity"}, {"start": "00:22:47", "end": "00:22:53", "text": "to put their mark on um the legislation."}, {"start": "00:22:51", "end": "00:22:55", "text": "And um you know, as a result, I think"}, {"start": "00:22:53", "end": "00:22:57", "text": "we're going to have um some very, you"}, {"start": "00:22:55", "end": "00:23:01", "text": "know, sort of thoughtful and measured"}, {"start": "00:22:57", "end": "00:23:03", "text": "policy proposals put forward. And um"}, {"start": "00:23:01", "end": "00:23:05", "text": "yeah, you know, I think I think the"}, {"start": "00:23:03", "end": "00:23:07", "text": "banks really didn't want Clarity Act,"}, {"start": "00:23:05", "end": "00:23:09", "text": "but you know, that means there's no"}, {"start": "00:23:07", "end": "00:23:11", "text": "changes to the way stable coin yield is"}, {"start": "00:23:09", "end": "00:23:14", "text": "offered. And I think, you know, a lot of"}, {"start": "00:23:11", "end": "00:23:17", "text": "folks were were, you know, lost their"}, {"start": "00:23:14", "end": "00:23:18", "text": "opportunity to to make their impact. And"}, {"start": "00:23:17", "end": "00:23:20", "text": "I think it's going to be fine. I think"}, {"start": "00:23:18", "end": "00:23:22", "text": "crypto is going to be fine. I think"}, {"start": "00:23:20", "end": "00:23:25", "text": "Salana is going to do incredibly well in"}, {"start": "00:23:22", "end": "00:23:27", "text": "this environment um in terms of adopting"}, {"start": "00:23:25", "end": "00:23:30", "text": "the technology within the existing"}, {"start": "00:23:27", "end": "00:23:32", "text": "system and um you know it is it is not a"}, {"start": "00:23:30", "end": "00:23:34", "text": "step backwards but you know a catalyst"}, {"start": "00:23:32", "end": "00:23:35", "text": "uh for the industry to move forward."}, {"start": "00:23:34", "end": "00:23:37", "text": ">> Well, I look at it this way because"}, {"start": "00:23:35", "end": "00:23:39", "text": "Salana could be primed as one of the"}, {"start": "00:23:37", "end": "00:23:41", "text": "winners for this. I'm just looking at"}, {"start": "00:23:39", "end": "00:23:43", "text": "right now 12.6 times more volume on"}, {"start": "00:23:41", "end": "00:23:46", "text": "chain than traditional stock exchanges"}, {"start": "00:23:43", "end": "00:23:49", "text": "right now. This I think is maybe an"}, {"start": "00:23:46", "end": "00:23:53", "text": "evolution for how trading is going to be"}, {"start": "00:23:49", "end": "00:23:56", "text": "done by a lot of traders, not just you"}, {"start": "00:23:53", "end": "00:23:57", "text": "know the leading generation that's kind"}, {"start": "00:23:56", "end": "00:23:58", "text": "of coming into the market now that"}, {"start": "00:23:57", "end": "00:24:01", "text": "understand what's happening in"}, {"start": "00:23:58", "end": "00:24:02", "text": "blockchain and what's happening with"}, {"start": "00:24:01", "end": "00:24:04", "text": "essentially kind of the next generation"}, {"start": "00:24:02", "end": "00:24:07", "text": "of finance. this may start to"}, {"start": "00:24:04", "end": "00:24:10", "text": "metriculate down to traditional traders"}, {"start": "00:24:07", "end": "00:24:12", "text": "to where this could become a major play."}, {"start": "00:24:10", "end": "00:24:14", "text": "What do you think?"}, {"start": "00:24:12", "end": "00:24:17", "text": ">> Yeah, I mean listen, I think uh you know"}, {"start": "00:24:14", "end": "00:24:19", "text": "people want to have 247 access. People"}, {"start": "00:24:17", "end": "00:24:21", "text": "want to have instant settlement that"}, {"start": "00:24:19", "end": "00:24:23", "text": "reduces a lot of risk. People want lower"}, {"start": "00:24:21", "end": "00:24:26", "text": "costs across the board. um you know"}, {"start": "00:24:23", "end": "00:24:27", "text": "people want you know really fast trades"}, {"start": "00:24:26", "end": "00:24:30", "text": "like all all of this can happen on"}, {"start": "00:24:27", "end": "00:24:32", "text": "Salana and it's happening in other"}, {"start": "00:24:30", "end": "00:24:35", "text": "markets and now we are bringing the"}, {"start": "00:24:32", "end": "00:24:37", "text": "benefits of this technology to the"}, {"start": "00:24:35", "end": "00:24:38", "text": "equities market and then ultimately"}, {"start": "00:24:37", "end": "00:24:41", "text": "probably other types of securities and"}, {"start": "00:24:38", "end": "00:24:43", "text": "derivatives as well and so huge"}, {"start": "00:24:41", "end": "00:24:45", "text": "opportunity um to upgrade the"}, {"start": "00:24:43", "end": "00:24:46", "text": "infrastructure. All right, I've got one"}, {"start": "00:24:45", "end": "00:24:49", "text": "more clip here I want to play because"}, {"start": "00:24:46", "end": "00:24:51", "text": "this is in reference to the BRCA and"}, {"start": "00:24:49", "end": "00:24:53", "text": "because I want to get your opinion as to"}, {"start": "00:24:51", "end": "00:24:55", "text": "what is going to be addressed there."}, {"start": "00:24:53", "end": "00:24:59", "text": "This is Tom Emmer. He's been on our show"}, {"start": "00:24:55", "end": "00:25:01", "text": "before and to a certain extent he's been"}, {"start": "00:24:59", "end": "00:25:02", "text": "somewhat pro crypto. Let me play this"}, {"start": "00:25:01", "end": "00:25:04", "text": "clip for you."}, {"start": "00:25:02", "end": "00:25:07", "text": ">> Now on the Blockchain Regulatory"}, {"start": "00:25:04", "end": "00:25:10", "text": "Certainty Act, I I am concerned. Haven't"}, {"start": "00:25:07", "end": "00:25:13", "text": "really studied it in detail and but"}, {"start": "00:25:10", "end": "00:25:16", "text": "generally I'm I don't like it. I don't"}, {"start": "00:25:13", "end": "00:25:19", "text": "like the fact that uh you literally are"}, {"start": "00:25:16", "end": "00:25:21", "text": "giving up that safe harbor. I may not"}, {"start": "00:25:19", "end": "00:25:25", "text": "like it, but that doesn't matter. If we"}, {"start": "00:25:21", "end": "00:25:27", "text": "move it forward and it works, great. If"}, {"start": "00:25:25", "end": "00:25:29", "text": "it doesn't work, guess what? We can"}, {"start": "00:25:27", "end": "00:25:31", "text": "always and I think we will be making"}, {"start": "00:25:29", "end": "00:25:34", "text": "adjustments in the future anyway."}, {"start": "00:25:31", "end": "00:25:37", "text": ">> All right. So, this to me is the problem"}, {"start": "00:25:34", "end": "00:25:41", "text": "I have with Congress is that they are so"}, {"start": "00:25:37", "end": "00:25:42", "text": "uninformed on all of these very critical"}, {"start": "00:25:41", "end": "00:25:46", "text": "moves that are happening in our"}, {"start": "00:25:42", "end": "00:25:47", "text": "financial structure as we speak. And I"}, {"start": "00:25:46", "end": "00:25:49", "text": "just don't understand why we haven't"}, {"start": "00:25:47", "end": "00:25:52", "text": "been able I mean, we've been doing this"}, {"start": "00:25:49", "end": "00:25:54", "text": "for multi-year now, having Congress"}, {"start": "00:25:52", "end": "00:25:57", "text": "people and House people and every"}, {"start": "00:25:54", "end": "00:25:59", "text": "analyst out there. Why are they not"}, {"start": "00:25:57", "end": "00:26:02", "text": "caught up on where we are right now?"}, {"start": "00:25:59", "end": "00:26:04", "text": "He's been a longtime ch champion of the"}, {"start": "00:26:02", "end": "00:26:06", "text": "blockchain regulatory certainty act."}, {"start": "00:26:04", "end": "00:26:09", "text": "This is the legislation that provides"}, {"start": "00:26:06", "end": "00:26:12", "text": "protections for software developers. And"}, {"start": "00:26:09", "end": "00:26:14", "text": "what he was talking about is in the"}, {"start": "00:26:12", "end": "00:26:17", "text": "latest version of the Senate bill. They"}, {"start": "00:26:14", "end": "00:26:19", "text": "focus the developer protections on the"}, {"start": "00:26:17", "end": "00:26:21", "text": "civil side. This was kind of the bank"}, {"start": "00:26:19", "end": "00:26:24", "text": "secrecy act piece of things and and"}, {"start": "00:26:21", "end": "00:26:25", "text": "making sure that you know software"}, {"start": "00:26:24", "end": "00:26:28", "text": "developers aren't confused as money"}, {"start": "00:26:25", "end": "00:26:30", "text": "transmitters simply for writing code."}, {"start": "00:26:28", "end": "00:26:32", "text": "what the Senate bill did and why he was"}, {"start": "00:26:30", "end": "00:26:35", "text": "frustrated in that clip is that there"}, {"start": "00:26:32", "end": "00:26:38", "text": "had also previously been protections on"}, {"start": "00:26:35", "end": "00:26:39", "text": "the criminal side. And I alluded to this"}, {"start": "00:26:38", "end": "00:26:42", "text": "at the start of the podcast, but several"}, {"start": "00:26:39", "end": "00:26:44", "text": "years ago, there were a lot of"}, {"start": "00:26:42", "end": "00:26:46", "text": "developers of top projects in the United"}, {"start": "00:26:44", "end": "00:26:49", "text": "States that were under criminal"}, {"start": "00:26:46", "end": "00:26:52", "text": "investigation for helping to contribute"}, {"start": "00:26:49", "end": "00:26:55", "text": "to writing code to blockchains. And so"}, {"start": "00:26:52", "end": "00:26:57", "text": "this would have stopped that type of um"}, {"start": "00:26:55", "end": "00:26:59", "text": "of investigation that you know hold"}, {"start": "00:26:57", "end": "00:27:02", "text": "somebody accountable as a money"}, {"start": "00:26:59", "end": "00:27:03", "text": "transmitter under the criminal statutes."}, {"start": "00:27:02", "end": "00:27:05", "text": "And so his frustration there was he"}, {"start": "00:27:03", "end": "00:27:07", "text": "thinks that we should have both civil"}, {"start": "00:27:05", "end": "00:27:09", "text": "and criminal protections for software"}, {"start": "00:27:07", "end": "00:27:12", "text": "developers. But yeah, I think this is a"}, {"start": "00:27:09", "end": "00:27:15", "text": "fundamental um issue that we do want to"}, {"start": "00:27:12", "end": "00:27:17", "text": "ultimately get passed into law. Um the"}, {"start": "00:27:15", "end": "00:27:19", "text": "good news is I think right now there's"}, {"start": "00:27:17", "end": "00:27:22", "text": "guidance at the at Fininsen that's"}, {"start": "00:27:19", "end": "00:27:24", "text": "pretty strong on this. Um but we do need"}, {"start": "00:27:22", "end": "00:27:26", "text": "to get that change at the DOJ and so I"}, {"start": "00:27:24", "end": "00:27:28", "text": "know um a lot of folks you know"}, {"start": "00:27:26", "end": "00:27:29", "text": "internally here at Salana Policy"}, {"start": "00:27:28", "end": "00:27:31", "text": "Institute, our friends at the DeFi"}, {"start": "00:27:29", "end": "00:27:33", "text": "Education Fund and many others are"}, {"start": "00:27:31", "end": "00:27:35", "text": "looking at alternative legislative"}, {"start": "00:27:33", "end": "00:27:36", "text": "vehicles to getting these types of"}, {"start": "00:27:35", "end": "00:27:38", "text": "protections in there because I think"}, {"start": "00:27:36", "end": "00:27:40", "text": "they are hugely important for keeping"}, {"start": "00:27:38", "end": "00:27:42", "text": "innovation here in the United States."}, {"start": "00:27:40", "end": "00:27:45", "text": ">> So big statements today Kristen coming"}, {"start": "00:27:42", "end": "00:27:48", "text": "in from you. I'm I'm kind of blown away"}, {"start": "00:27:45", "end": "00:27:50", "text": "that that uh the industry is now backing"}, {"start": "00:27:48", "end": "00:27:53", "text": "away from the Clarity Act and moving"}, {"start": "00:27:50", "end": "00:27:56", "text": "toward more of a regulatory alignment"}, {"start": "00:27:53", "end": "00:27:58", "text": "through rulem which is a huge step and"}, {"start": "00:27:56", "end": "00:28:00", "text": "now obviously we see some of this. I'm"}, {"start": "00:27:58", "end": "00:28:03", "text": "going to just get a prediction from you."}, {"start": "00:28:00", "end": "00:28:05", "text": "I'm kind of curious 12 months from now"}, {"start": "00:28:03", "end": "00:28:08", "text": "what do you see coming down the pipe out"}, {"start": "00:28:05", "end": "00:28:10", "text": "of the SEC and the CFTC?"}, {"start": "00:28:08", "end": "00:28:13", "text": "Yeah, I mean I think we're going to see"}, {"start": "00:28:10", "end": "00:28:16", "text": "most of these efforts initiated in the"}, {"start": "00:28:13", "end": "00:28:18", "text": "short term here. Um because as I said,"}, {"start": "00:28:16", "end": "00:28:21", "text": "all of this process has to be wrapped up"}, {"start": "00:28:18", "end": "00:28:23", "text": "by the summer of 2028. And the reason"}, {"start": "00:28:21", "end": "00:28:25", "text": "for that is we have no idea what the"}, {"start": "00:28:23", "end": "00:28:28", "text": "government's going to look like come"}, {"start": "00:28:25", "end": "00:28:29", "text": "January 2029. We'll have somebody new in"}, {"start": "00:28:28", "end": "00:28:31", "text": "the White House. We'll we don't know"}, {"start": "00:28:29", "end": "00:28:33", "text": "who's going to be in control of Congress"}, {"start": "00:28:31", "end": "00:28:35", "text": "or the Senate. They have this"}, {"start": "00:28:33", "end": "00:28:38", "text": "Congressional Review Act power that"}, {"start": "00:28:35", "end": "00:28:39", "text": "allows them to look back 60 legislative"}, {"start": "00:28:38", "end": "00:28:40", "text": "days. Remember, they don't legislate"}, {"start": "00:28:39", "end": "00:28:42", "text": "every day. There's a lot of gaps in"}, {"start": "00:28:40", "end": "00:28:44", "text": "there. So, it's really sometime in the"}, {"start": "00:28:42", "end": "00:28:46", "text": "summer of 2028. If there's anything in"}, {"start": "00:28:44", "end": "00:28:48", "text": "those 60 legislative days on the"}, {"start": "00:28:46", "end": "00:28:50", "text": "rulemaking front, Congress has a power"}, {"start": "00:28:48", "end": "00:28:52", "text": "to undo that. That's the big fear."}, {"start": "00:28:50", "end": "00:28:54", "text": "That's the deadline. So, um, what I"}, {"start": "00:28:52", "end": "00:28:55", "text": "think we're going to see them move"}, {"start": "00:28:54", "end": "00:28:56", "text": "forward, um, with some of the"}, {"start": "00:28:55", "end": "00:28:58", "text": "rulemakings they've already put out"}, {"start": "00:28:56", "end": "00:29:00", "text": "there, the right crypto rule making, the"}, {"start": "00:28:58", "end": "00:29:03", "text": "transfer agent rule making, um, and now"}, {"start": "00:29:00", "end": "00:29:05", "text": "this, uh, tokenized equities rulemaking."}, {"start": "00:29:03", "end": "00:29:09", "text": "Um, I do think we're going to see at the"}, {"start": "00:29:05", "end": "00:29:11", "text": "CFTC similar efforts, um, around this,"}, {"start": "00:29:09", "end": "00:29:14", "text": "uh, relief today, this expansion of the"}, {"start": "00:29:11", "end": "00:29:16", "text": "the Phantom relief to self-custody"}, {"start": "00:29:14", "end": "00:29:17", "text": "wallets and frontends. I think we could"}, {"start": "00:29:16", "end": "00:29:19", "text": "see a rule making around that. I think"}, {"start": "00:29:17", "end": "00:29:22", "text": "we could see rulem about uh how to do"}, {"start": "00:29:19", "end": "00:29:23", "text": "perpetuals in the US. And so um I think"}, {"start": "00:29:22", "end": "00:29:26", "text": "you know it's going to be a very busy"}, {"start": "00:29:23", "end": "00:29:28", "text": "time, very good time to be a crypto"}, {"start": "00:29:26", "end": "00:29:30", "text": "regulatory attorney. There's going to be"}, {"start": "00:29:28", "end": "00:29:33", "text": "a lot of comment letters uh and a lot of"}, {"start": "00:29:30", "end": "00:29:35", "text": "analysis that needs to be done. Um, you"}, {"start": "00:29:33", "end": "00:29:36", "text": "know, I think we're going to see, you"}, {"start": "00:29:35", "end": "00:29:39", "text": "know, a little bit of retooling of our"}, {"start": "00:29:36", "end": "00:29:40", "text": "organizations here, uh, in Washington"}, {"start": "00:29:39", "end": "00:29:41", "text": "that are on the ground to be less"}, {"start": "00:29:40", "end": "00:29:45", "text": "legislative focused, more regulatory"}, {"start": "00:29:41", "end": "00:29:46", "text": "focused. And, um, but, uh, but, yeah, I"}, {"start": "00:29:45", "end": "00:29:48", "text": "think we're going to we're going to see"}, {"start": "00:29:46", "end": "00:29:50", "text": "those rules being close to finalized,"}, {"start": "00:29:48", "end": "00:29:52", "text": "and I think we're going to see a lot of"}, {"start": "00:29:50", "end": "00:29:55", "text": "innovation and, a lot of leadership here"}, {"start": "00:29:52", "end": "00:29:56", "text": "in our US capital markets."}, {"start": "00:29:55", "end": "00:29:58", "text": ">> All right. Well, there you have it,"}, {"start": "00:29:56", "end": "00:30:00", "text": "guys. Uh, breaking news today from, uh,"}, {"start": "00:29:58", "end": "00:30:02", "text": "Kristen. So, thank you so much for"}, {"start": "00:30:00", "end": "00:30:03", "text": "coming in today. We appreciate it. We'll"}, {"start": "00:30:02", "end": "00:30:07", "text": "definitely have you back."}, {"start": "00:30:03", "end": "00:30:07", "text": ">> Thanks, Paul."}, {"start": "00:30:11", "end": "00:30:14", "text": ">> If you like this video, hit like and"}, {"start": "00:30:12", "end": "00:30:17", "text": "subscribe, drop a comment down below,"}, {"start": "00:30:14", "end": "00:30:21", "text": "and also join our free private member"}, {"start": "00:30:17", "end": "00:30:21", "text": "group. The link is in the description."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "Let's get into the clarity autopsy"}, {"start": "00:00:02", "end": "00:00:07", "text": "report. Today we're going to pick up the"}, {"start": "00:00:03", "end": "00:00:08", "text": "pieces from yesterday's fail and we're"}, {"start": "00:00:07", "end": "00:00:09", "text": "going to do that with Coinbase. So stick"}, {"start": "00:00:08", "end": "00:00:11", "text": "around for everything. We're going to"}, {"start": "00:00:09", "end": "00:00:12", "text": "jump right into it. Before we get"}, {"start": "00:00:11", "end": "00:00:15", "text": "started, I do want to thank our sponsor"}, {"start": "00:00:12", "end": "00:00:17", "text": "today and that is Proton Mail. You guys"}, {"start": "00:00:15", "end": "00:00:20", "text": "should be getting into security and the"}, {"start": "00:00:17", "end": "00:00:22", "text": "reason is because Proton Mail is doing a"}, {"start": "00:00:20", "end": "00:00:26", "text": "fantastic job at protecting your"}, {"start": "00:00:22", "end": "00:00:28", "text": "privacy. This is the go-to place to get"}, {"start": "00:00:26", "end": "00:00:31", "text": "privacy set up for yourself. And you can"}, {"start": "00:00:28", "end": "00:00:33", "text": "do that starting with email. So begin"}, {"start": "00:00:31", "end": "00:00:35", "text": "there if you want to do this for your"}, {"start": "00:00:33", "end": "00:00:37", "text": "business or your personal account. Very"}, {"start": "00:00:35", "end": "00:00:39", "text": "easy to do. And one of the biggest"}, {"start": "00:00:37", "end": "00:00:42", "text": "things you can get into is of course"}, {"start": "00:00:39", "end": "00:00:44", "text": "Proton Unlimited. Proton Unlimited gives"}, {"start": "00:00:42", "end": "00:00:48", "text": "you a whole slew of things you can use"}, {"start": "00:00:44", "end": "00:00:50", "text": "including mail, calendar, VPN, also"}, {"start": "00:00:48", "end": "00:00:52", "text": "getting drive. It's it's almost like a"}, {"start": "00:00:50", "end": "00:00:54", "text": "Google replacement. And the best thing"}, {"start": "00:00:52", "end": "00:00:56", "text": "here is you get sheets and also password"}, {"start": "00:00:54", "end": "00:00:58", "text": "protection. This is one of the best"}, {"start": "00:00:56", "end": "00:01:01", "text": "tools out there to for security,"}, {"start": "00:00:58", "end": "00:01:04", "text": "especially in times like this when there"}, {"start": "00:01:01", "end": "00:01:07", "text": "is so much junk and scams coming through"}, {"start": "00:01:04", "end": "00:01:09", "text": "your mail right now. Use Proton"}, {"start": "00:01:07", "end": "00:01:11", "text": "Unlimited. Use our link down below to"}, {"start": "00:01:09", "end": "00:01:13", "text": "get a little bit of a discount and uh"}, {"start": "00:01:11", "end": "00:01:16", "text": "let them know we sent you. I want to"}, {"start": "00:01:13", "end": "00:01:18", "text": "start off with a recap of everything"}, {"start": "00:01:16", "end": "00:01:21", "text": "that happened yesterday. Take a look."}, {"start": "00:01:18", "end": "00:01:23", "text": "This bill would turbocharge Donald"}, {"start": "00:01:21", "end": "00:01:26", "text": "Trump's unprecedented"}, {"start": "00:01:23", "end": "00:01:29", "text": "corruption. Donald Trump's Donald Trump"}, {"start": "00:01:26", "end": "00:01:32", "text": "Donald Trump Donald Trump Donald Trump"}, {"start": "00:01:29", "end": "00:01:35", "text": "Donald Trump Donald Trump's Donald Trump"}, {"start": "00:01:32", "end": "00:01:39", "text": "Donald Trump Donald Trump's and Trump's"}, {"start": "00:01:35", "end": "00:01:40", "text": "Trump's Trump's Trump's Trumps Trump's"}, {"start": "00:01:39", "end": "00:01:45", "text": "Trump"}, {"start": "00:01:40", "end": "00:01:48", "text": "Donald Trump Trump's Trump Trump's Trump"}, {"start": "00:01:45", "end": "00:01:51", "text": "trumps Trump's Trump's Trump. Okay. So,"}, {"start": "00:01:48", "end": "00:01:52", "text": "Trump won big time. Mr. President, I"}, {"start": "00:01:51", "end": "00:01:57", "text": "yield the floor."}, {"start": "00:01:52", "end": "00:01:59", "text": ">> This is what compromise looks like. Take"}, {"start": "00:01:57", "end": "00:02:02", "text": "the win."}, {"start": "00:01:59", "end": "00:02:05", "text": ">> On this vote, the yays are 49 and the"}, {"start": "00:02:02", "end": "00:02:06", "text": "naysay are 50. The motion is not agreed"}, {"start": "00:02:05", "end": "00:02:08", "text": "to."}, {"start": "00:02:06", "end": "00:02:09", "text": ">> Closure vote on the Clarity Act is a"}, {"start": "00:02:08", "end": "00:02:11", "text": "failing."}, {"start": "00:02:09", "end": "00:02:13", "text": ">> Some Republicans may have been against"}, {"start": "00:02:11", "end": "00:02:18", "text": "this. George, we've got Ether falling"}, {"start": "00:02:13", "end": "00:02:21", "text": "about 5.6% 6% and XRP down 8.6%."}, {"start": "00:02:18", "end": "00:02:23", "text": "Dogecoin down 4%. Well, it's 8 cents."}, {"start": "00:02:21", "end": "00:02:26", "text": ">> So, I'm looking at Coinbase for example,"}, {"start": "00:02:23", "end": "00:02:28", "text": "which right now has tanked. In the"}, {"start": "00:02:26", "end": "00:02:30", "text": "meantime, you did have experts like"}, {"start": "00:02:28", "end": "00:02:31", "text": "Kathy Wood who was selling off some of"}, {"start": "00:02:30", "end": "00:02:33", "text": "her crypto stocks."}, {"start": "00:02:31", "end": "00:02:35", "text": ">> Look, Congress only has a few working"}, {"start": "00:02:33", "end": "00:02:37", "text": "days left right before lawmakers leave"}, {"start": "00:02:35", "end": "00:02:39", "text": "Washington for the November midterm. So,"}, {"start": "00:02:37", "end": "00:02:41", "text": ">> quick, what's a working day at Congress?"}, {"start": "00:02:39", "end": "00:02:43", "text": ">> Oh, I don't know. I mean, can you go"}, {"start": "00:02:41", "end": "00:02:45", "text": "just a couple of weeks without taking a"}, {"start": "00:02:43", "end": "00:02:45", "text": "recess?"}, {"start": "00:02:45", "end": "00:02:46", "text": "out of control."}, {"start": "00:02:45", "end": "00:02:47", "text": ">> It's a working day."}, {"start": "00:02:46", "end": "00:02:50", "text": ">> Yeah. I don't know."}, {"start": "00:02:47", "end": "00:02:52", "text": ">> Okay. More blame though. Let me give a"}, {"start": "00:02:50", "end": "00:02:54", "text": "little bit more blame because you know"}, {"start": "00:02:52", "end": "00:02:56", "text": "the other thing is they were not willing"}, {"start": "00:02:54", "end": "00:02:59", "text": "to call out President Trump for things"}, {"start": "00:02:56", "end": "00:03:01", "text": "that anybody could see easily were going"}, {"start": "00:02:59", "end": "00:03:04", "text": "to be bad for the industry. That is what"}, {"start": "00:03:01", "end": "00:03:06", "text": "killed the bill. President Trump, I do"}, {"start": "00:03:04", "end": "00:03:08", "text": "think bears some of the blame for this."}, {"start": "00:03:06", "end": "00:03:09", "text": "And you know, I know this is a kind of"}, {"start": "00:03:08", "end": "00:03:10", "text": "controversial statement because"}, {"start": "00:03:09", "end": "00:03:13", "text": "obviously the crypto community right now"}, {"start": "00:03:10", "end": "00:03:16", "text": "is definitely blaming the Democrats. And"}, {"start": "00:03:13", "end": "00:03:19", "text": "I can also blame the Democrats. They"}, {"start": "00:03:16", "end": "00:03:20", "text": "have this original sin, I would say."}, {"start": "00:03:19", "end": "00:03:24", "text": ">> All right. So, you can see the lineup"}, {"start": "00:03:20", "end": "00:03:26", "text": "was pretty heavy yesterday for obvious"}, {"start": "00:03:24", "end": "00:03:27", "text": "reasons, many of which kind of led to"}, {"start": "00:03:26", "end": "00:03:30", "text": "what happened at the Clarity Act. You"}, {"start": "00:03:27", "end": "00:03:33", "text": "look at the uh no votes yesterday. This"}, {"start": "00:03:30", "end": "00:03:36", "text": "is going into independence. We saw"}, {"start": "00:03:33", "end": "00:03:38", "text": "Sanders and King voting no. Then you had"}, {"start": "00:03:36", "end": "00:03:41", "text": "Republicans Tom Tillis, Moran, Holly,"}, {"start": "00:03:38", "end": "00:03:44", "text": "and Collins. and then essentially every"}, {"start": "00:03:41", "end": "00:03:48", "text": "Democrat voted no. So that was really"}, {"start": "00:03:44", "end": "00:03:50", "text": "what the boil down was and it also got"}, {"start": "00:03:48", "end": "00:03:52", "text": "into I think a big issue with where the"}, {"start": "00:03:50", "end": "00:03:55", "text": "banks were positioning very hard"}, {"start": "00:03:52", "end": "00:03:57", "text": "yesterday and pretty much solidified uh"}, {"start": "00:03:55", "end": "00:03:59", "text": "the potential fail of the closure vote."}, {"start": "00:03:57", "end": "00:04:02", "text": "So we wanted to kind of get and do a"}, {"start": "00:03:59", "end": "00:04:04", "text": "recap on this with Cara Calvert who is"}, {"start": "00:04:02", "end": "00:04:06", "text": "vice president for US policy over at"}, {"start": "00:04:04", "end": "00:04:08", "text": "Coinbase. Nice to have you back Cara."}, {"start": "00:04:06", "end": "00:04:09", "text": ">> Thanks so much for having me Paul. It's"}, {"start": "00:04:08", "end": "00:04:12", "text": "been a big week."}, {"start": "00:04:09", "end": "00:04:15", "text": ">> Yeah. So, you you have of course the"}, {"start": "00:04:12", "end": "00:04:16", "text": "Clarity Act absolutely tanking. Poly"}, {"start": "00:04:15", "end": "00:04:19", "text": "market has this thing at almost, you"}, {"start": "00:04:16", "end": "00:04:22", "text": "know, barely on a heartbeat right now. A"}, {"start": "00:04:19", "end": "00:04:26", "text": "lot of people still saying that maybe"}, {"start": "00:04:22", "end": "00:04:28", "text": "this could get moved into post uh"}, {"start": "00:04:26", "end": "00:04:29", "text": "midterms. When you look at that, do you"}, {"start": "00:04:28", "end": "00:04:31", "text": "feel like that that that's even a"}, {"start": "00:04:29", "end": "00:04:32", "text": "possibility right now with where clarity"}, {"start": "00:04:31", "end": "00:04:34", "text": "stands today?"}, {"start": "00:04:32", "end": "00:04:36", "text": ">> Well, I love the clip because you talk"}, {"start": "00:04:34", "end": "00:04:38", "text": "about the working days of Congress."}, {"start": "00:04:36", "end": "00:04:41", "text": "There are still working days left before"}, {"start": "00:04:38", "end": "00:04:43", "text": "the midterms and uh leader Thun came out"}, {"start": "00:04:41", "end": "00:04:45", "text": "today and said maybe it had to fail"}, {"start": "00:04:43", "end": "00:04:47", "text": "before it passes similar to what"}, {"start": "00:04:45", "end": "00:04:49", "text": "happened with Genius. So I don't think"}, {"start": "00:04:47", "end": "00:04:51", "text": "right now the industry is willing to"}, {"start": "00:04:49", "end": "00:04:53", "text": "give people a free pass that this won't"}, {"start": "00:04:51", "end": "00:04:55", "text": "come back up. Tom Telis changed his vote"}, {"start": "00:04:53", "end": "00:04:56", "text": "in order to provide for that"}, {"start": "00:04:55", "end": "00:04:58", "text": "opportunity. I think a lot of people"}, {"start": "00:04:56", "end": "00:05:00", "text": "were preparing for this either passing"}, {"start": "00:04:58", "end": "00:05:03", "text": "or failing. I think some of us have long"}, {"start": "00:05:00", "end": "00:05:05", "text": "thought we have to keep eating out every"}, {"start": "00:05:03", "end": "00:05:07", "text": "opportunity to pass this bill. So there"}, {"start": "00:05:05", "end": "00:05:09", "text": "are still days left before the midterms."}, {"start": "00:05:07", "end": "00:05:11", "text": "We are going to keep pushing. After the"}, {"start": "00:05:09", "end": "00:05:13", "text": "midterms, that's when we see all the"}, {"start": "00:05:11", "end": "00:05:15", "text": "decks get shuffled. It's hard to"}, {"start": "00:05:13", "end": "00:05:18", "text": "understand exactly what the political um"}, {"start": "00:05:15", "end": "00:05:20", "text": "I think that the intent will be after"}, {"start": "00:05:18", "end": "00:05:22", "text": "after the election. And so we'll see"}, {"start": "00:05:20", "end": "00:05:24", "text": "what happens in mid in the in the lame"}, {"start": "00:05:22", "end": "00:05:26", "text": "duck, but right now I think the industry"}, {"start": "00:05:24", "end": "00:05:28", "text": "still thinks there is an opportunity. At"}, {"start": "00:05:26", "end": "00:05:30", "text": "least Coinbase still does. At the same"}, {"start": "00:05:28", "end": "00:05:33", "text": "time, you have the regulators ready to"}, {"start": "00:05:30", "end": "00:05:35", "text": "go. So in fact, I think that they're go"}, {"start": "00:05:33", "end": "00:05:37", "text": "going today. Uh so ultimately like we"}, {"start": "00:05:35", "end": "00:05:39", "text": "still got time but it will take a lot of"}, {"start": "00:05:37", "end": "00:05:40", "text": "concerted effort to get it across the"}, {"start": "00:05:39", "end": "00:05:42", "text": "finish line."}, {"start": "00:05:40", "end": "00:05:44", "text": ">> I wanted to go through kind of a list of"}, {"start": "00:05:42", "end": "00:05:46", "text": "questions that when we look at you know"}, {"start": "00:05:44", "end": "00:05:49", "text": "kind of creating an autopsy report"}, {"start": "00:05:46", "end": "00:05:50", "text": "around this one of this uh to your point"}, {"start": "00:05:49", "end": "00:05:51", "text": "right there. Could it could it be"}, {"start": "00:05:50", "end": "00:05:53", "text": "revoted on? I think you've answered that"}, {"start": "00:05:51", "end": "00:05:55", "text": "in the sense that it's possible even in"}, {"start": "00:05:53", "end": "00:05:59", "text": "a lame duck session and and that's"}, {"start": "00:05:55", "end": "00:06:02", "text": "assuming that we actually get two"}, {"start": "00:05:59", "end": "00:06:04", "text": "potential shifts in Congress both in the"}, {"start": "00:06:02", "end": "00:06:06", "text": "House and Senate. uh happening here in"}, {"start": "00:06:04", "end": "00:06:09", "text": "the midterms within that. Has there been"}, {"start": "00:06:06", "end": "00:06:12", "text": "any post backlash right now, especially"}, {"start": "00:06:09", "end": "00:06:13", "text": "around flip-flopping by any of the Dems"}, {"start": "00:06:12", "end": "00:06:16", "text": "or Republicans? Do you know of anything"}, {"start": "00:06:13", "end": "00:06:20", "text": "that's happened so far?"}, {"start": "00:06:16", "end": "00:06:21", "text": ">> Well, I think it's been uh it's very"}, {"start": "00:06:20", "end": "00:06:23", "text": "clear at this point that at the end of"}, {"start": "00:06:21", "end": "00:06:25", "text": "the day when the music stopped, the"}, {"start": "00:06:23", "end": "00:06:28", "text": "Democrats voted against this bill. I"}, {"start": "00:06:25", "end": "00:06:30", "text": "think you saw Elizabeth Warren clearly"}, {"start": "00:06:28", "end": "00:06:33", "text": "making this bill all about Donald Trump"}, {"start": "00:06:30", "end": "00:06:34", "text": "rather than making it about the 650"}, {"start": "00:06:33", "end": "00:06:36", "text": "pages of consumer protections, law"}, {"start": "00:06:34", "end": "00:06:39", "text": "enforcement, you know, combating illicit"}, {"start": "00:06:36", "end": "00:06:41", "text": "finance there. There's truly a win in"}, {"start": "00:06:39", "end": "00:06:42", "text": "there, including for banks. I think at"}, {"start": "00:06:41", "end": "00:06:44", "text": "the end of the day, if we're talking"}, {"start": "00:06:42", "end": "00:06:48", "text": "about an autopsy, the banks are holding"}, {"start": "00:06:44", "end": "00:06:50", "text": "the knife right now. And they absolutely"}, {"start": "00:06:48", "end": "00:06:52", "text": "uh that is where we saw the Republicans"}, {"start": "00:06:50", "end": "00:06:54", "text": "flip. That's where we saw ultimately the"}, {"start": "00:06:52", "end": "00:06:57", "text": "Democrats hung together pretty well in"}, {"start": "00:06:54", "end": "00:06:59", "text": "terms of recognizing that the banks had"}, {"start": "00:06:57", "end": "00:07:01", "text": "come to the table, crypto had come to"}, {"start": "00:06:59", "end": "00:07:03", "text": "the table, a deal had been made on the"}, {"start": "00:07:01", "end": "00:07:05", "text": "issues around interest and yield,"}, {"start": "00:07:03", "end": "00:07:06", "text": ">> but the banks didn't stop. And I think"}, {"start": "00:07:05", "end": "00:07:08", "text": "that that just demonstrates that they"}, {"start": "00:07:06", "end": "00:07:09", "text": "weren't really there to create a deal. I"}, {"start": "00:07:08", "end": "00:07:10", "text": "think that they were there to kill us"}, {"start": "00:07:09", "end": "00:07:12", "text": "bill."}, {"start": "00:07:10", "end": "00:07:14", "text": ">> Yeah, this was uh for sure. Uh you look"}, {"start": "00:07:12", "end": "00:07:17", "text": "at the crypto lobby right now possibly"}, {"start": "00:07:14", "end": "00:07:21", "text": "retreating and focusing on midterms"}, {"start": "00:07:17", "end": "00:07:23", "text": "instead. How would that look when you"}, {"start": "00:07:21", "end": "00:07:25", "text": "think about focusing on midterms?"}, {"start": "00:07:23", "end": "00:07:28", "text": "Because you as a lobby, you have been"}, {"start": "00:07:25", "end": "00:07:30", "text": "pro this administration, I say you"}, {"start": "00:07:28", "end": "00:07:34", "text": "meaning talking about the the lobby"}, {"start": "00:07:30", "end": "00:07:36", "text": "itself. How would that look in in a post"}, {"start": "00:07:34", "end": "00:07:39", "text": "administration that is going to get a"}, {"start": "00:07:36", "end": "00:07:40", "text": "shakeup possibly here in November?"}, {"start": "00:07:39", "end": "00:07:41", "text": ">> Well, I think there are a couple of"}, {"start": "00:07:40", "end": "00:07:44", "text": "things still in play. You saw the Ways"}, {"start": "00:07:41", "end": "00:07:46", "text": "and Means Committee actually pass a a"}, {"start": "00:07:44", "end": "00:07:48", "text": "crypto tax bill today. So there are"}, {"start": "00:07:46", "end": "00:07:50", "text": "other irons in the fire. They we are"}, {"start": "00:07:48", "end": "00:07:52", "text": "looking at a number of different issues"}, {"start": "00:07:50", "end": "00:07:54", "text": "and and we will continue to work on the"}, {"start": "00:07:52", "end": "00:07:55", "text": "Clarity Act. That is something we see"}, {"start": "00:07:54", "end": "00:07:57", "text": "whether or not it passes in the next 10"}, {"start": "00:07:55", "end": "00:07:59", "text": "days. It passes in lame duck. I've been"}, {"start": "00:07:57", "end": "00:08:02", "text": "working on this bill since 2016. We're"}, {"start": "00:07:59", "end": "00:08:04", "text": "not going away. The midterms, we've been"}, {"start": "00:08:02", "end": "00:08:05", "text": "through midterm shakeups before. This"}, {"start": "00:08:04", "end": "00:08:07", "text": "won't be the first time that happens"}, {"start": "00:08:05", "end": "00:08:09", "text": "either. And so ultimately, I think we"}, {"start": "00:08:07", "end": "00:08:11", "text": "will literally all still be at the"}, {"start": "00:08:09", "end": "00:08:13", "text": "table. We have a constellation of"}, {"start": "00:08:11", "end": "00:08:15", "text": "different political organizations of"}, {"start": "00:08:13", "end": "00:08:16", "text": "grassroots organizations of companies"}, {"start": "00:08:15", "end": "00:08:18", "text": "that have come to the table and really"}, {"start": "00:08:16", "end": "00:08:20", "text": "want to be a part of the solution here."}, {"start": "00:08:18", "end": "00:08:23", "text": "It's just it's absolutely mind-boggling"}, {"start": "00:08:20", "end": "00:08:25", "text": "that you have the the party that likes"}, {"start": "00:08:23", "end": "00:08:26", "text": "to regulate is the one that's voting"}, {"start": "00:08:25", "end": "00:08:28", "text": "against the biggest regulatory regime"}, {"start": "00:08:26", "end": "00:08:31", "text": "that's ever been created for either"}, {"start": "00:08:28", "end": "00:08:32", "text": "innovation or for financial services."}, {"start": "00:08:31", "end": "00:08:34", "text": "Well, you could say many people might"}, {"start": "00:08:32", "end": "00:08:36", "text": "look at it, well, if were the Democrats"}, {"start": "00:08:34", "end": "00:08:38", "text": "take control of the House and the Senate"}, {"start": "00:08:36", "end": "00:08:41", "text": "that they would easily pass this and"}, {"start": "00:08:38", "end": "00:08:44", "text": "then claim it as a win for themselves uh"}, {"start": "00:08:41", "end": "00:08:46", "text": "under a regulatory framework. Um, but at"}, {"start": "00:08:44", "end": "00:08:47", "text": "the same time, you still have a lot of"}, {"start": "00:08:46", "end": "00:08:49", "text": "pressure coming in from the banks. This"}, {"start": "00:08:47", "end": "00:08:50", "text": "was our statement here on how many"}, {"start": "00:08:49", "end": "00:08:53", "text": "Republicans were actually allowed to"}, {"start": "00:08:50", "end": "00:08:55", "text": "vote yes by the banks because that's"}, {"start": "00:08:53", "end": "00:08:57", "text": "what I think happened here is the banks"}, {"start": "00:08:55", "end": "00:09:00", "text": "pretty much dictated through their"}, {"start": "00:08:57", "end": "00:09:02", "text": "lobby, this is the plan. this is what"}, {"start": "00:09:00", "end": "00:09:04", "text": "you need to do on the closure floor and"}, {"start": "00:09:02", "end": "00:09:07", "text": "it showed up because no Democrats and"}, {"start": "00:09:04", "end": "00:09:09", "text": "only a handful of Republicans uh were on"}, {"start": "00:09:07", "end": "00:09:12", "text": "the other side of this. So with that"}, {"start": "00:09:09", "end": "00:09:14", "text": "being the case um do you think the banks"}, {"start": "00:09:12", "end": "00:09:16", "text": "could continue to put pressure post"}, {"start": "00:09:14", "end": "00:09:18", "text": "midterms?"}, {"start": "00:09:16", "end": "00:09:19", "text": ">> I think the banks will always put"}, {"start": "00:09:18", "end": "00:09:21", "text": "pressure. They've they've historically"}, {"start": "00:09:19", "end": "00:09:22", "text": "put pressure on fintech. It has been"}, {"start": "00:09:21", "end": "00:09:25", "text": "something I've been working in"}, {"start": "00:09:22", "end": "00:09:27", "text": "technology policy for 27 years and"}, {"start": "00:09:25", "end": "00:09:30", "text": "throughout that process you have seen"}, {"start": "00:09:27", "end": "00:09:31", "text": "banks push back on financial innovation."}, {"start": "00:09:30", "end": "00:09:34", "text": "There are some that that really try to"}, {"start": "00:09:31", "end": "00:09:35", "text": "adopt it internally and they invest in"}, {"start": "00:09:34", "end": "00:09:36", "text": "it. You see that from some of the"}, {"start": "00:09:35", "end": "00:09:38", "text": "largest banks. Um but they also"}, {"start": "00:09:36", "end": "00:09:39", "text": "fear-monger and that I think is"}, {"start": "00:09:38", "end": "00:09:42", "text": "something that they're really good at"}, {"start": "00:09:39", "end": "00:09:45", "text": "and frankly killing legislation is a lot"}, {"start": "00:09:42", "end": "00:09:47", "text": "easier than getting everybody lined up"}, {"start": "00:09:45", "end": "00:09:49", "text": "and voting for this bill. And so, you"}, {"start": "00:09:47", "end": "00:09:50", "text": "know, I think that there are are several"}, {"start": "00:09:49", "end": "00:09:52", "text": "that are probably popping champagne"}, {"start": "00:09:50", "end": "00:09:55", "text": "today because they successfully killed"}, {"start": "00:09:52", "end": "00:09:56", "text": "the bill. But ultimately, I think we we"}, {"start": "00:09:55", "end": "00:09:58", "text": "will continue to work with banks. We"}, {"start": "00:09:56", "end": "00:10:00", "text": "will continue to help, you know, build"}, {"start": "00:09:58", "end": "00:10:02", "text": "their infrastructure and help with those"}, {"start": "00:10:00", "end": "00:10:03", "text": "crypto rails and meeting communities"}, {"start": "00:10:02", "end": "00:10:05", "text": "really where they are with community"}, {"start": "00:10:03", "end": "00:10:08", "text": "banks, with small banks, with mid-size"}, {"start": "00:10:05", "end": "00:10:10", "text": "banks. I think that we will continue"}, {"start": "00:10:08", "end": "00:10:12", "text": "whether or not this bill passes. These"}, {"start": "00:10:10", "end": "00:10:14", "text": "will continue to converge. This is the"}, {"start": "00:10:12", "end": "00:10:15", "text": "finance. This is the future of finance."}, {"start": "00:10:14", "end": "00:10:16", "text": "And I think that we'll we'll work"}, {"start": "00:10:15", "end": "00:10:19", "text": "together rather than apart."}, {"start": "00:10:16", "end": "00:10:21", "text": ">> So, how many Okay, back to my question"}, {"start": "00:10:19", "end": "00:10:23", "text": "on the the point of how many Republicans"}, {"start": "00:10:21", "end": "00:10:26", "text": "were allowed to vote yes. What do you"}, {"start": "00:10:23", "end": "00:10:26", "text": "think that count was"}, {"start": "00:10:26", "end": "00:10:28", "text": "if"}, {"start": "00:10:26", "end": "00:10:30", "text": ">> Well, yeah, I'm not I'm not sure that"}, {"start": "00:10:28", "end": "00:10:33", "text": "there was a count in the sense that"}, {"start": "00:10:30", "end": "00:10:35", "text": "banks were dictating to Republicans what"}, {"start": "00:10:33", "end": "00:10:38", "text": "they could or couldn't do. I think that"}, {"start": "00:10:35", "end": "00:10:39", "text": "the banks successfully uh pushed out the"}, {"start": "00:10:38", "end": "00:10:41", "text": "community banks. Everybody is"}, {"start": "00:10:39", "end": "00:10:44", "text": "sympathetic to community banks and I"}, {"start": "00:10:41", "end": "00:10:46", "text": "think that the large banks appropriately"}, {"start": "00:10:44", "end": "00:10:48", "text": "weaponize them. I think the small banks,"}, {"start": "00:10:46", "end": "00:10:51", "text": "you know, they they care deeply. They"}, {"start": "00:10:48", "end": "00:10:54", "text": "they actually are nervous about flight"}, {"start": "00:10:51", "end": "00:10:55", "text": "deposit flight, but you know, I don't I"}, {"start": "00:10:54", "end": "00:10:57", "text": "don't I don't think that they checked"}, {"start": "00:10:55", "end": "00:10:59", "text": "people off and said, \"All right, you can"}, {"start": "00:10:57", "end": "00:11:01", "text": "do this or you can do this.\""}, {"start": "00:10:59", "end": "00:11:03", "text": ">> All right. Does this mean that stable"}, {"start": "00:11:01", "end": "00:11:06", "text": "coin yields can continue being paid to"}, {"start": "00:11:03", "end": "00:11:08", "text": "users as it sets right now under Genius?"}, {"start": "00:11:06", "end": "00:11:10", "text": ">> Absolutely. Genius is the law of the"}, {"start": "00:11:08", "end": "00:11:12", "text": "land. We pay today just for holding at"}, {"start": "00:11:10", "end": "00:11:14", "text": "Coinbase. We will be able to continue to"}, {"start": "00:11:12", "end": "00:11:16", "text": "do that. We will be able to do boosts."}, {"start": "00:11:14", "end": "00:11:17", "text": "We will be be able to provide those"}, {"start": "00:11:16", "end": "00:11:19", "text": "services and products. There will be"}, {"start": "00:11:17", "end": "00:11:21", "text": "others that are in this market. This is"}, {"start": "00:11:19", "end": "00:11:24", "text": "I think the most fascinating part of"}, {"start": "00:11:21", "end": "00:11:26", "text": "this is that platforms of all types will"}, {"start": "00:11:24", "end": "00:11:28", "text": "now be able to pay people to come to"}, {"start": "00:11:26", "end": "00:11:30", "text": "their services and to use those. That is"}, {"start": "00:11:28", "end": "00:11:32", "text": "exciting. That's competition. That helps"}, {"start": "00:11:30", "end": "00:11:33", "text": "cover switching costs. That helps get"}, {"start": "00:11:32", "end": "00:11:35", "text": "people excited to try new new"}, {"start": "00:11:33", "end": "00:11:38", "text": "innovations. So, Law of the Land is"}, {"start": "00:11:35", "end": "00:11:41", "text": "genius. We will continue to to really"}, {"start": "00:11:38", "end": "00:11:44", "text": "lean into that and I hope others do too."}, {"start": "00:11:41", "end": "00:11:46", "text": "Carrot, do you know of any negotiations,"}, {"start": "00:11:44", "end": "00:11:49", "text": "you know, in terms of a counter offer"}, {"start": "00:11:46", "end": "00:11:51", "text": "that the Democrats had before the"}, {"start": "00:11:49", "end": "00:11:53", "text": "negotiations failed?"}, {"start": "00:11:51", "end": "00:11:55", "text": ">> Well, deadlines always produce action. I"}, {"start": "00:11:53", "end": "00:11:57", "text": "think that there was a very clear"}, {"start": "00:11:55", "end": "00:11:59", "text": "deadline and people were working up"}, {"start": "00:11:57", "end": "00:12:02", "text": "until the very end. I think the"}, {"start": "00:11:59", "end": "00:12:04", "text": "challenge is was there a real offer on"}, {"start": "00:12:02", "end": "00:12:05", "text": "the table? Was there a real deal? The"}, {"start": "00:12:04", "end": "00:12:07", "text": "counter offer that came across from"}, {"start": "00:12:05", "end": "00:12:09", "text": "Democrats was effectively the counter"}, {"start": "00:12:07", "end": "00:12:10", "text": "offer that came across six weeks ago."}, {"start": "00:12:09", "end": "00:12:12", "text": "So, I wouldn't say it was something new"}, {"start": "00:12:10", "end": "00:12:15", "text": "or something different. It did not move"}, {"start": "00:12:12", "end": "00:12:17", "text": "the needle forward, but they were"}, {"start": "00:12:15", "end": "00:12:19", "text": "trying. I think both sides of the the"}, {"start": "00:12:17", "end": "00:12:21", "text": "aisle were trying to reach a deal. I do"}, {"start": "00:12:19", "end": "00:12:23", "text": "think a ton of work has been put in by"}, {"start": "00:12:21", "end": "00:12:26", "text": "Democrats, just like Republicans. But"}, {"start": "00:12:23", "end": "00:12:28", "text": "again, when the music stopped, Democrats"}, {"start": "00:12:26", "end": "00:12:30", "text": "voted against it."}, {"start": "00:12:28", "end": "00:12:32", "text": "Okay, so here's an angle right here in"}, {"start": "00:12:30", "end": "00:12:34", "text": "reference should we have called the"}, {"start": "00:12:32", "end": "00:12:37", "text": "bluff and I say the industry and given"}, {"start": "00:12:34", "end": "00:12:39", "text": "100% of what they wanted from the ethics"}, {"start": "00:12:37", "end": "00:12:42", "text": "side because remember Trump could have"}, {"start": "00:12:39", "end": "00:12:44", "text": "easily just set pardons up all sorts of"}, {"start": "00:12:42", "end": "00:12:46", "text": "things but given up completely. Do you"}, {"start": "00:12:44", "end": "00:12:50", "text": "think that really mattered or or was it"}, {"start": "00:12:46", "end": "00:12:50", "text": "still a stable coin yield battle?"}, {"start": "00:12:50", "end": "00:12:52", "text": "I"}, {"start": "00:12:50", "end": "00:12:54", "text": ">> I think that that ultimately the"}, {"start": "00:12:52", "end": "00:12:55", "text": "Democrats bal ethics. I think the"}, {"start": "00:12:54", "end": "00:12:58", "text": "politics didn't line up for them. I hope"}, {"start": "00:12:55", "end": "00:13:01", "text": "that they actually recognize what a"}, {"start": "00:12:58", "end": "00:13:03", "text": "major concession was already in this"}, {"start": "00:13:01", "end": "00:13:05", "text": "bill. There ethics provisions do not"}, {"start": "00:13:03", "end": "00:13:07", "text": "apply to the president and the vice"}, {"start": "00:13:05", "end": "00:13:09", "text": "president. It they just don't. It never"}, {"start": "00:13:07", "end": "00:13:11", "text": "has for the 250 years that we have been"}, {"start": "00:13:09", "end": "00:13:13", "text": "in existence as a country. So the fact"}, {"start": "00:13:11", "end": "00:13:15", "text": "that there were new ethics provisions"}, {"start": "00:13:13", "end": "00:13:18", "text": "that would apply to the president was"}, {"start": "00:13:15", "end": "00:13:21", "text": "monumental. It also had a a blind trust"}, {"start": "00:13:18", "end": "00:13:24", "text": "or a divevestature. It had a a DOJ"}, {"start": "00:13:21", "end": "00:13:25", "text": "enforcement and a state a enforcement."}, {"start": "00:13:24", "end": "00:13:28", "text": "These were things that nobody actually"}, {"start": "00:13:25", "end": "00:13:30", "text": "thought was possible even six weeks ago."}, {"start": "00:13:28", "end": "00:13:32", "text": "And then ultimately you have not just"}, {"start": "00:13:30", "end": "00:13:35", "text": "one but two deals on the table on"}, {"start": "00:13:32", "end": "00:13:38", "text": "ethics. And again whether or not you"}, {"start": "00:13:35", "end": "00:13:40", "text": "give 100% I don't know if that still"}, {"start": "00:13:38", "end": "00:13:43", "text": "would have had Democrats um you know"}, {"start": "00:13:40", "end": "00:13:45", "text": "voting against this bill. I I think that"}, {"start": "00:13:43", "end": "00:13:48", "text": "that is unpredictable. What I what I"}, {"start": "00:13:45", "end": "00:13:50", "text": "hope is that over the next eight days"}, {"start": "00:13:48", "end": "00:13:53", "text": "that Democrats and Republicans recognize"}, {"start": "00:13:50", "end": "00:13:54", "text": "that the rest of this bill also is a"}, {"start": "00:13:53", "end": "00:13:56", "text": "consumer protection bill. It has"}, {"start": "00:13:54", "end": "00:13:58", "text": "disclosure requirements. The president"}, {"start": "00:13:56", "end": "00:14:00", "text": "and any of those crypto businesses would"}, {"start": "00:13:58", "end": "00:14:02", "text": "be under the same obligations to"}, {"start": "00:14:00", "end": "00:14:04", "text": "disclose really important information."}, {"start": "00:14:02", "end": "00:14:05", "text": "So there are other parts of the bill"}, {"start": "00:14:04", "end": "00:14:07", "text": "that would help and make sure that we're"}, {"start": "00:14:05", "end": "00:14:09", "text": "all playing by the same rules. And I"}, {"start": "00:14:07", "end": "00:14:10", "text": "think that that all just got lost in the"}, {"start": "00:14:09", "end": "00:14:12", "text": "politics."}, {"start": "00:14:10", "end": "00:14:13", "text": "So with all that being lost in the"}, {"start": "00:14:12", "end": "00:14:16", "text": "politics, do you think Coinbase should"}, {"start": "00:14:13", "end": "00:14:20", "text": "have just let Clarity ban stable coin"}, {"start": "00:14:16", "end": "00:14:21", "text": "yields themselves as a you know passive"}, {"start": "00:14:20", "end": "00:14:23", "text": "I think was kind of the scenario that"}, {"start": "00:14:21", "end": "00:14:25", "text": "played into this."}, {"start": "00:14:23", "end": "00:14:26", "text": ">> I don't think that there's any"}, {"start": "00:14:25", "end": "00:14:29", "text": "environment in which we would have just"}, {"start": "00:14:26", "end": "00:14:31", "text": "agreed to banning yield. That is to us"}, {"start": "00:14:29", "end": "00:14:34", "text": "that is just antithetical to the whole"}, {"start": "00:14:31", "end": "00:14:36", "text": "concept of of competition and moving"}, {"start": "00:14:34", "end": "00:14:38", "text": "innovation into the financial system."}, {"start": "00:14:36", "end": "00:14:39", "text": "and the fact that we would just agree to"}, {"start": "00:14:38", "end": "00:14:40", "text": "something that is so blatantly"}, {"start": "00:14:39", "end": "00:14:42", "text": "anti-competitive,"}, {"start": "00:14:40", "end": "00:14:43", "text": "I don't I don't see that happening now."}, {"start": "00:14:42", "end": "00:14:45", "text": "I don't see that happening six months"}, {"start": "00:14:43", "end": "00:14:46", "text": "ago or six months in the future. So,"}, {"start": "00:14:45", "end": "00:14:48", "text": "this is something that we feel"}, {"start": "00:14:46", "end": "00:14:50", "text": "passionately about. We It protects"}, {"start": "00:14:48", "end": "00:14:51", "text": "consumers. It allows them to compete. It"}, {"start": "00:14:50", "end": "00:14:53", "text": "allows them to keep more of their money."}, {"start": "00:14:51", "end": "00:14:54", "text": "So, ultimately, we think that this is"}, {"start": "00:14:53", "end": "00:14:57", "text": "what was right for America, and I don't"}, {"start": "00:14:54", "end": "00:14:59", "text": "see that changing anytime soon. When you"}, {"start": "00:14:57", "end": "00:15:04", "text": "look at stable coin yield and you look"}, {"start": "00:14:59", "end": "00:15:06", "text": "at ethics on two sides of the coin,"}, {"start": "00:15:04", "end": "00:15:08", "text": "you know, Coinbase has always been in a"}, {"start": "00:15:06", "end": "00:15:10", "text": "position of defend, defend, defend to"}, {"start": "00:15:08", "end": "00:15:11", "text": "retain stable coin yields. But in"}, {"start": "00:15:10", "end": "00:15:14", "text": "reality, you're kind of saying that it"}, {"start": "00:15:11", "end": "00:15:16", "text": "was more on the ethics issue when in"}, {"start": "00:15:14", "end": "00:15:19", "text": "reality I we look at it and say that the"}, {"start": "00:15:16", "end": "00:15:21", "text": "banks really were in in control here and"}, {"start": "00:15:19", "end": "00:15:24", "text": "they wanted the stable coin issue"}, {"start": "00:15:21", "end": "00:15:27", "text": "addressed and ethics weren't really part"}, {"start": "00:15:24", "end": "00:15:29", "text": "of that. Is that just Coinbase pushing"}, {"start": "00:15:27", "end": "00:15:31", "text": "off to say ethics was the reason this"}, {"start": "00:15:29", "end": "00:15:32", "text": "thing didn't get through"}, {"start": "00:15:31", "end": "00:15:34", "text": ">> as opposed to push back?"}, {"start": "00:15:32", "end": "00:15:36", "text": ">> Yeah, the yield it certainly had an"}, {"start": "00:15:34", "end": "00:15:39", "text": "impact and I think the banks what the"}, {"start": "00:15:36", "end": "00:15:42", "text": "banks provided was uncertainty. They"}, {"start": "00:15:39", "end": "00:15:43", "text": "they swed enough doubt in people's minds"}, {"start": "00:15:42", "end": "00:15:45", "text": "that this bill wasn't going to happen"}, {"start": "00:15:43", "end": "00:15:48", "text": "and it really I think delayed the"}, {"start": "00:15:45", "end": "00:15:50", "text": "process. So, a lot of this could have"}, {"start": "00:15:48", "end": "00:15:52", "text": "actually been um addressed over the"}, {"start": "00:15:50", "end": "00:15:54", "text": "course of the last eight months, but the"}, {"start": "00:15:52", "end": "00:15:56", "text": "bank successfully stalled and stalled"}, {"start": "00:15:54", "end": "00:15:58", "text": "and stalled and stalled and consistently"}, {"start": "00:15:56", "end": "00:15:59", "text": "you notice they never actually opposed"}, {"start": "00:15:58", "end": "00:16:01", "text": "the bill. They just kept saying, \"We"}, {"start": "00:15:59", "end": "00:16:03", "text": "want changes. We want changes.\" But they"}, {"start": "00:16:01", "end": "00:16:05", "text": "were asking people to vote against it."}, {"start": "00:16:03", "end": "00:16:07", "text": "So, they were actually asking people to"}, {"start": "00:16:05", "end": "00:16:09", "text": "kill this bill even though they weren't"}, {"start": "00:16:07", "end": "00:16:10", "text": "saying it publicly. So, that I think was"}, {"start": "00:16:09", "end": "00:16:12", "text": "the challenge. And you're right, the"}, {"start": "00:16:10", "end": "00:16:14", "text": "banks absolutely were responsible for"}, {"start": "00:16:12", "end": "00:16:16", "text": "some of these votes going against this"}, {"start": "00:16:14", "end": "00:16:17", "text": "bill. And you know, some might say that"}, {"start": "00:16:16", "end": "00:16:18", "text": "it didn't have enough consumer"}, {"start": "00:16:17", "end": "00:16:20", "text": "protection or some might say that it"}, {"start": "00:16:18", "end": "00:16:21", "text": "didn't have enough law enforcement or"}, {"start": "00:16:20", "end": "00:16:24", "text": "some might say that it was all about"}, {"start": "00:16:21", "end": "00:16:26", "text": "ethics. At the end of the day, what we"}, {"start": "00:16:24", "end": "00:16:28", "text": "have now is the status quo. We can pay"}, {"start": "00:16:26", "end": "00:16:30", "text": "stable [clears throat] coin yield. Uh we"}, {"start": "00:16:28", "end": "00:16:32", "text": "are regulated at the state level. We"}, {"start": "00:16:30", "end": "00:16:34", "text": "have a, you know, a plethora now of"}, {"start": "00:16:32", "end": "00:16:36", "text": "regulators, a patchwork with different"}, {"start": "00:16:34", "end": "00:16:38", "text": "consumer protections. Local law"}, {"start": "00:16:36", "end": "00:16:39", "text": "enforcement does not have the tools that"}, {"start": "00:16:38", "end": "00:16:41", "text": "this bill provided. The Treasury"}, {"start": "00:16:39", "end": "00:16:43", "text": "Department does not have the new"}, {"start": "00:16:41", "end": "00:16:46", "text": "authorities to go after bad actors. we"}, {"start": "00:16:43", "end": "00:16:47", "text": "don't have developer protections. So"}, {"start": "00:16:46", "end": "00:16:50", "text": "ultimately again like they made a"}, {"start": "00:16:47", "end": "00:16:52", "text": "decision for whatever reason it was"}, {"start": "00:16:50", "end": "00:16:53", "text": "because something wasn't enough when"}, {"start": "00:16:52", "end": "00:16:54", "text": "ultimately it's way better than the"}, {"start": "00:16:53", "end": "00:16:57", "text": "status quo."}, {"start": "00:16:54", "end": "00:16:59", "text": ">> Yeah, for sure. What Okay, so this was"}, {"start": "00:16:57", "end": "00:17:01", "text": "why is the Senate listening to the"}, {"start": "00:16:59", "end": "00:17:03", "text": "Indian game tribes because this this was"}, {"start": "00:17:01", "end": "00:17:06", "text": "brought out during this. What do you"}, {"start": "00:17:03", "end": "00:17:08", "text": "think was behind this?"}, {"start": "00:17:06", "end": "00:17:12", "text": "This really has to do with prediction"}, {"start": "00:17:08", "end": "00:17:14", "text": "markets and the because uh the CFTC has"}, {"start": "00:17:12", "end": "00:17:16", "text": "authority over prediction markets and"}, {"start": "00:17:14", "end": "00:17:19", "text": "the tribes don't like prediction"}, {"start": "00:17:16", "end": "00:17:21", "text": "markets. They've used this as a vehicle"}, {"start": "00:17:19", "end": "00:17:24", "text": "to try to ban prediction markets or or"}, {"start": "00:17:21", "end": "00:17:26", "text": "sports um contracts. That was their"}, {"start": "00:17:24", "end": "00:17:28", "text": "nexus to this bill. And what they said"}, {"start": "00:17:26", "end": "00:17:31", "text": "is this bill has not only CFTC"}, {"start": "00:17:28", "end": "00:17:33", "text": "authority, but it may have the ability"}, {"start": "00:17:31", "end": "00:17:35", "text": "to use it as a loophole with these"}, {"start": "00:17:33", "end": "00:17:38", "text": "developer protections or DeFi. That was"}, {"start": "00:17:35", "end": "00:17:40", "text": "just blatantly not the case. The newest"}, {"start": "00:17:38", "end": "00:17:42", "text": "changes to the bill were very specific"}, {"start": "00:17:40", "end": "00:17:44", "text": "that any developer protections were just"}, {"start": "00:17:42", "end": "00:17:46", "text": "for the spot market. And the tribe still"}, {"start": "00:17:44", "end": "00:17:49", "text": "said that they opposed this. And I think"}, {"start": "00:17:46", "end": "00:17:51", "text": "it comes back to they saw a hook. Kind"}, {"start": "00:17:49", "end": "00:17:52", "text": "of like the banks here. They saw a hook."}, {"start": "00:17:51", "end": "00:17:53", "text": "Genius. We should not have been"}, {"start": "00:17:52", "end": "00:17:55", "text": "addressing a genius provision in this"}, {"start": "00:17:53", "end": "00:17:58", "text": "market structure bill. So the same way"}, {"start": "00:17:55", "end": "00:17:59", "text": "the banks saw a hook, the tribe saw a"}, {"start": "00:17:58", "end": "00:18:01", "text": "hook and they really wanted to go after"}, {"start": "00:17:59", "end": "00:18:03", "text": "it."}, {"start": "00:18:01", "end": "00:18:05", "text": ">> Take all prisoners. Um All right. Why"}, {"start": "00:18:03", "end": "00:18:08", "text": "wasn't the Yeah. Why wasn't the SEC and"}, {"start": "00:18:05", "end": "00:18:09", "text": "the CFTC ready to go with a substantial"}, {"start": "00:18:08", "end": "00:18:11", "text": "update today? Because they I mean they"}, {"start": "00:18:09", "end": "00:18:13", "text": "kind of probably had an indication that"}, {"start": "00:18:11", "end": "00:18:16", "text": "this was going to happen."}, {"start": "00:18:13", "end": "00:18:17", "text": ">> I think they are. I think you saw uh uh"}, {"start": "00:18:16", "end": "00:18:19", "text": "Chairman Celig come out and say we're"}, {"start": "00:18:17", "end": "00:18:22", "text": "ready to roll. Uh Chairman Atkins has"}, {"start": "00:18:19", "end": "00:18:23", "text": "the innovation exemption ready. Remember"}, {"start": "00:18:22", "end": "00:18:26", "text": "he didn't wait. He actually went two"}, {"start": "00:18:23", "end": "00:18:27", "text": "weeks ago with red crypto. I think"}, {"start": "00:18:26", "end": "00:18:29", "text": "chairman Celig is in the exact same"}, {"start": "00:18:27", "end": "00:18:31", "text": "position of ready to go and ready to"}, {"start": "00:18:29", "end": "00:18:33", "text": "release these. They did want to make"}, {"start": "00:18:31", "end": "00:18:35", "text": "sure that the Clarity Act had its day in"}, {"start": "00:18:33", "end": "00:18:37", "text": "the sun and actually got a vote in order"}, {"start": "00:18:35", "end": "00:18:39", "text": "to make sure that it it that these"}, {"start": "00:18:37", "end": "00:18:42", "text": "regulations could work with clarity, not"}, {"start": "00:18:39", "end": "00:18:44", "text": "against clarity. With clarity now on"}, {"start": "00:18:42", "end": "00:18:46", "text": "really on life support, I think is what"}, {"start": "00:18:44", "end": "00:18:48", "text": "you we said earlier. Uh barely a"}, {"start": "00:18:46", "end": "00:18:50", "text": "heartbeat. I think that they realize we"}, {"start": "00:18:48", "end": "00:18:52", "text": "can't wait. We can't wait on Congress"}, {"start": "00:18:50", "end": "00:18:54", "text": "anymore. It's just too unpredictable."}, {"start": "00:18:52", "end": "00:18:55", "text": "Congress has a track record of not"}, {"start": "00:18:54", "end": "00:18:57", "text": "necessarily always getting things done."}, {"start": "00:18:55", "end": "00:18:58", "text": "And I think that they are ready to go"}, {"start": "00:18:57", "end": "00:18:58", "text": "and you're going to see those start to"}, {"start": "00:18:58", "end": "00:19:00", "text": "roll out"}, {"start": "00:18:58", "end": "00:19:02", "text": ">> and we're very excited about that. We"}, {"start": "00:19:00", "end": "00:19:03", "text": "actually think that we have always had"}, {"start": "00:19:02", "end": "00:19:05", "text": "we've always thought about this as phase"}, {"start": "00:19:03", "end": "00:19:07", "text": "one is legislation, phase two is"}, {"start": "00:19:05", "end": "00:19:10", "text": "regulation. We are squarely into phase"}, {"start": "00:19:07", "end": "00:19:12", "text": "two now. And we can achieve a lot of the"}, {"start": "00:19:10", "end": "00:19:16", "text": "same things. The only thing I think that"}, {"start": "00:19:12", "end": "00:19:18", "text": "we we don't have is truly like um the"}, {"start": "00:19:16", "end": "00:19:20", "text": "the crystal clear clarity on what is a"}, {"start": "00:19:18", "end": "00:19:21", "text": "security and what is a commodity. But a"}, {"start": "00:19:20", "end": "00:19:22", "text": "lot of that can be done through"}, {"start": "00:19:21", "end": "00:19:23", "text": "regulation. So I think that we're going"}, {"start": "00:19:22", "end": "00:19:25", "text": "to be in a good place. There just won't"}, {"start": "00:19:23", "end": "00:19:27", "text": "be a law to cement it."}, {"start": "00:19:25", "end": "00:19:29", "text": ">> Okay. So there's a lot of things you can"}, {"start": "00:19:27", "end": "00:19:33", "text": "look at. Now granted, I will agree with"}, {"start": "00:19:29", "end": "00:19:35", "text": "you that this CFTC and this SEC may be"}, {"start": "00:19:33", "end": "00:19:38", "text": "different than previous administration"}, {"start": "00:19:35", "end": "00:19:40", "text": "bure bureaucratic organizations. But if"}, {"start": "00:19:38", "end": "00:19:43", "text": "you look at this right now, Tradfi"}, {"start": "00:19:40", "end": "00:19:45", "text": "incumbents could end up dominating this"}, {"start": "00:19:43", "end": "00:19:48", "text": "policy even more than they did with"}, {"start": "00:19:45", "end": "00:19:50", "text": "Coinbase with Congress. So what do you"}, {"start": "00:19:48", "end": "00:19:54", "text": "say to that? Do you think that Trafi is"}, {"start": "00:19:50", "end": "00:19:56", "text": "going to end up dominating this policy?"}, {"start": "00:19:54", "end": "00:19:58", "text": ">> Tradfi is important. They have been"}, {"start": "00:19:56", "end": "00:19:59", "text": "longtime incumbents in these agencies"}, {"start": "00:19:58", "end": "00:20:02", "text": "and these organizations. They have a lot"}, {"start": "00:19:59", "end": "00:20:04", "text": "of friends. They've uh they can make a"}, {"start": "00:20:02", "end": "00:20:06", "text": "lot of phone calls. But we do have a"}, {"start": "00:20:04", "end": "00:20:08", "text": "different environment right now,"}, {"start": "00:20:06", "end": "00:20:10", "text": "especially with President Trump and the"}, {"start": "00:20:08", "end": "00:20:12", "text": "blueprint for crypto that they created"}, {"start": "00:20:10", "end": "00:20:13", "text": "over a year ago. Now they do have a"}, {"start": "00:20:12", "end": "00:20:16", "text": "whole of government approach. And I"}, {"start": "00:20:13", "end": "00:20:17", "text": "think at the end of their term, they are"}, {"start": "00:20:16", "end": "00:20:19", "text": "going to be looking at what they"}, {"start": "00:20:17", "end": "00:20:21", "text": "succeeded in doing. And this is a core"}, {"start": "00:20:19", "end": "00:20:23", "text": "part of those rules. So I think it's"}, {"start": "00:20:21", "end": "00:20:25", "text": "absolutely possible that tradi will"}, {"start": "00:20:23", "end": "00:20:27", "text": "continue to interject and continue to"}, {"start": "00:20:25", "end": "00:20:29", "text": "potentially throw sand in the gears, but"}, {"start": "00:20:27", "end": "00:20:31", "text": "most of these traditional finance"}, {"start": "00:20:29", "end": "00:20:33", "text": "companies are actually investing."}, {"start": "00:20:31", "end": "00:20:34", "text": "They're looking at tokenized equities."}, {"start": "00:20:33", "end": "00:20:36", "text": "They're looking at perpetual futures."}, {"start": "00:20:34", "end": "00:20:38", "text": "They're looking at uh even prediction"}, {"start": "00:20:36", "end": "00:20:39", "text": "markets, right? There are these"}, {"start": "00:20:38", "end": "00:20:42", "text": "traditional financial companies are"}, {"start": "00:20:39", "end": "00:20:45", "text": "jumping in to crypto. And that I think"}, {"start": "00:20:42", "end": "00:20:47", "text": "is what's going to help move this along."}, {"start": "00:20:45", "end": "00:20:50", "text": ">> All right. So this was an angle that we"}, {"start": "00:20:47", "end": "00:20:52", "text": "looked at months and months ago and that"}, {"start": "00:20:50", "end": "00:20:54", "text": "was who could we sway being the"}, {"start": "00:20:52", "end": "00:20:57", "text": "industry. Uh you look at progressive"}, {"start": "00:20:54", "end": "00:20:58", "text": "Democrats in our opinion could have been"}, {"start": "00:20:57", "end": "00:21:00", "text": "easier to win over than the"}, {"start": "00:20:58", "end": "00:21:03", "text": "establishment Democrats uh who obviously"}, {"start": "00:21:00", "end": "00:21:05", "text": "rely on the banking industry as"}, {"start": "00:21:03", "end": "00:21:07", "text": "established donors and that means lobby"}, {"start": "00:21:05", "end": "00:21:09", "text": "and usually votes. Do you think uh the"}, {"start": "00:21:07", "end": "00:21:12", "text": "industry made a mistake not going after"}, {"start": "00:21:09", "end": "00:21:15", "text": "the progressive Democrats to try to win?"}, {"start": "00:21:12", "end": "00:21:17", "text": ">> We did. Uh, so I think that I think"}, {"start": "00:21:15", "end": "00:21:19", "text": "progressive Democrats there are some"}, {"start": "00:21:17", "end": "00:21:21", "text": "there there are some advocates inside"}, {"start": "00:21:19", "end": "00:21:23", "text": "the progressive wing of the party for"}, {"start": "00:21:21", "end": "00:21:24", "text": "crypto. They recognize why this is good"}, {"start": "00:21:23", "end": "00:21:26", "text": "for access, why this is good for"}, {"start": "00:21:24", "end": "00:21:28", "text": "communities of color in particular. And"}, {"start": "00:21:26", "end": "00:21:30", "text": "we've see that in the numbers of of"}, {"start": "00:21:28", "end": "00:21:32", "text": "users. There are many that recognize"}, {"start": "00:21:30", "end": "00:21:35", "text": "that actually things like Bitcoin"}, {"start": "00:21:32", "end": "00:21:37", "text": "mortgages are good for people. And so"}, {"start": "00:21:35", "end": "00:21:39", "text": "there are a lot of progressive uh"}, {"start": "00:21:37", "end": "00:21:41", "text": "members who actually are are pretty"}, {"start": "00:21:39", "end": "00:21:43", "text": "supportive. The reality though is you"}, {"start": "00:21:41", "end": "00:21:46", "text": "have Bernie Sanders and Elizabeth Warren"}, {"start": "00:21:43", "end": "00:21:48", "text": "who are constantly still still after"}, {"start": "00:21:46", "end": "00:21:50", "text": "years trying to build an anti-crypto"}, {"start": "00:21:48", "end": "00:21:52", "text": "army and they're they're being"}, {"start": "00:21:50", "end": "00:21:54", "text": "successful. So I think that we we"}, {"start": "00:21:52", "end": "00:21:56", "text": "shouldn't under uh underplay how"}, {"start": "00:21:54", "end": "00:21:59", "text": "Elizabeth Warren and you know now"}, {"start": "00:21:56", "end": "00:22:01", "text": "particularly with the rise of you know"}, {"start": "00:21:59", "end": "00:22:03", "text": "of the the Democratic Socialist Party"}, {"start": "00:22:01", "end": "00:22:05", "text": "and what they're doing. I think that"}, {"start": "00:22:03", "end": "00:22:08", "text": "Elizabeth Warren is doing her best to to"}, {"start": "00:22:05", "end": "00:22:10", "text": "bring in a new crop of of haters."}, {"start": "00:22:08", "end": "00:22:11", "text": "Oh, no doubt. She's going to I think"}, {"start": "00:22:10", "end": "00:22:13", "text": "she's going to succeed at that as well"}, {"start": "00:22:11", "end": "00:22:15", "text": "because uh we've got a few new people"}, {"start": "00:22:13", "end": "00:22:17", "text": "that are heading that way to kind of"}, {"start": "00:22:15", "end": "00:22:19", "text": "fall in in the ranks. Do you think it's"}, {"start": "00:22:17", "end": "00:22:21", "text": "already too late for Coinbase to affect"}, {"start": "00:22:19", "end": "00:22:24", "text": "midterms in any significant way? Could"}, {"start": "00:22:21", "end": "00:22:25", "text": "we get to a point where the war chest"}, {"start": "00:22:24", "end": "00:22:27", "text": "could actually do something? Because"}, {"start": "00:22:25", "end": "00:22:29", "text": "right now it seems like this would not"}, {"start": "00:22:27", "end": "00:22:32", "text": "be the case."}, {"start": "00:22:29", "end": "00:22:33", "text": "Well, the the political spending for for"}, {"start": "00:22:32", "end": "00:22:36", "text": "most of the politicos out there, it's"}, {"start": "00:22:33", "end": "00:22:37", "text": "it's usually people don't start paying"}, {"start": "00:22:36", "end": "00:22:39", "text": "to elections, paying attention to"}, {"start": "00:22:37", "end": "00:22:42", "text": "elections till after Labor Day. So, we"}, {"start": "00:22:39", "end": "00:22:43", "text": "are squarely within the window of"}, {"start": "00:22:42", "end": "00:22:46", "text": "influencing voters, influencing"}, {"start": "00:22:43", "end": "00:22:48", "text": "elections, having uh digital ads out. We"}, {"start": "00:22:46", "end": "00:22:49", "text": "are in the window. There's seven weeks"}, {"start": "00:22:48", "end": "00:22:51", "text": "out to the election, I believe, seven or"}, {"start": "00:22:49", "end": "00:22:53", "text": "eight weeks out at this point. There is"}, {"start": "00:22:51", "end": "00:22:55", "text": "a lot of time to sway opinions. The"}, {"start": "00:22:53", "end": "00:22:57", "text": "other part I would mention is that stand"}, {"start": "00:22:55", "end": "00:22:59", "text": "with crypto has nearly 3.5 million"}, {"start": "00:22:57", "end": "00:23:01", "text": "advocates and those are all voters."}, {"start": "00:22:59", "end": "00:23:03", "text": "They're all looking at today they are"}, {"start": "00:23:01", "end": "00:23:05", "text": "all looking at the scorecard for these"}, {"start": "00:23:03", "end": "00:23:07", "text": "people who voted against this bill. And"}, {"start": "00:23:05", "end": "00:23:09", "text": "remember in the House 78 Democrats voted"}, {"start": "00:23:07", "end": "00:23:11", "text": "for this and almost all Republicans. So"}, {"start": "00:23:09", "end": "00:23:13", "text": "it's not again it's not squarely a"}, {"start": "00:23:11", "end": "00:23:15", "text": "political party issue at this point."}, {"start": "00:23:13", "end": "00:23:17", "text": "These people are independent thinkers."}, {"start": "00:23:15", "end": "00:23:19", "text": "They want to know who is supporting"}, {"start": "00:23:17", "end": "00:23:22", "text": "crypto because that influences their"}, {"start": "00:23:19", "end": "00:23:23", "text": "economic decisions every day. So,"}, {"start": "00:23:22", "end": "00:23:24", "text": "they're going to be looking, the"}, {"start": "00:23:23", "end": "00:23:26", "text": "advocates are going to come out, they"}, {"start": "00:23:24", "end": "00:23:28", "text": "are voters. They are going to vote the"}, {"start": "00:23:26", "end": "00:23:29", "text": "way they they think that um benefits"}, {"start": "00:23:28", "end": "00:23:32", "text": "them economically, and that means being"}, {"start": "00:23:29", "end": "00:23:34", "text": "pro- crypto spending. Um, you know, fair"}, {"start": "00:23:32", "end": "00:23:35", "text": "shake is an independent organization."}, {"start": "00:23:34", "end": "00:23:37", "text": "They are going to make their decisions"}, {"start": "00:23:35", "end": "00:23:39", "text": "on when and how to spend, but their"}, {"start": "00:23:37", "end": "00:23:40", "text": "mission has always been to elect pro"}, {"start": "00:23:39", "end": "00:23:41", "text": "crypto candidates. And I think it's"}, {"start": "00:23:40", "end": "00:23:42", "text": "clear"}, {"start": "00:23:41", "end": "00:23:44", "text": ">> there are certain metrics that you make"}, {"start": "00:23:42", "end": "00:23:46", "text": "a decision on if somebody's pro crypto"}, {"start": "00:23:44", "end": "00:23:49", "text": "or not. And, you know, we had a pretty"}, {"start": "00:23:46", "end": "00:23:50", "text": "important uh week."}, {"start": "00:23:49", "end": "00:23:54", "text": ">> Okay. with all of that. I mean, if you"}, {"start": "00:23:50", "end": "00:23:56", "text": "go, we ran the names and numbers on of"}, {"start": "00:23:54", "end": "00:23:58", "text": "all of the Democrats that voted no. If"}, {"start": "00:23:56", "end": "00:24:00", "text": "you look at that group, very few of"}, {"start": "00:23:58", "end": "00:24:01", "text": "those are in a position where they're"}, {"start": "00:24:00", "end": "00:24:04", "text": "out there trying to earn their seat"}, {"start": "00:24:01", "end": "00:24:06", "text": "again. So, you don't have a a real"}, {"start": "00:24:04", "end": "00:24:08", "text": "strong position in terms of primary any"}, {"start": "00:24:06", "end": "00:24:10", "text": "of these. So, it really boils down to"}, {"start": "00:24:08", "end": "00:24:13", "text": "any new incumbents, or I should say new"}, {"start": "00:24:10", "end": "00:24:15", "text": "uh senators that could be coming and"}, {"start": "00:24:13", "end": "00:24:16", "text": "becoming a senator that you're trying to"}, {"start": "00:24:15", "end": "00:24:19", "text": "sway right now. These could be people"}, {"start": "00:24:16", "end": "00:24:22", "text": "that have never voted on a bill before."}, {"start": "00:24:19", "end": "00:24:24", "text": "So, uh, when you look at the PR side of"}, {"start": "00:24:22", "end": "00:24:26", "text": "things, do you think Brian should have"}, {"start": "00:24:24", "end": "00:24:29", "text": "come in and just said, \"No, this needs"}, {"start": "00:24:26", "end": "00:24:32", "text": "to be wartime mode after Diamond did"}, {"start": "00:24:29", "end": "00:24:34", "text": "his, you know, his number [laughter]"}, {"start": "00:24:32", "end": "00:24:37", "text": "instead of playing nice. I mean, come"}, {"start": "00:24:34", "end": "00:24:39", "text": "on. This is He should have pul put the"}, {"start": "00:24:37", "end": "00:24:40", "text": "gloves on,"}, {"start": "00:24:39", "end": "00:24:43", "text": ">> you know. I think that there it's it's"}, {"start": "00:24:40", "end": "00:24:45", "text": "an interesting question. We are we are"}, {"start": "00:24:43", "end": "00:24:47", "text": "partners with banks. We work we work"}, {"start": "00:24:45", "end": "00:24:50", "text": "with JP Morgan. It was pretty stunning"}, {"start": "00:24:47", "end": "00:24:52", "text": "that he was so bombastic and and"}, {"start": "00:24:50", "end": "00:24:55", "text": "personal. Frankly, this was very much I"}, {"start": "00:24:52", "end": "00:24:58", "text": "think a manifestation of the Washington"}, {"start": "00:24:55", "end": "00:25:00", "text": "DC trades. And I think there was a lot"}, {"start": "00:24:58", "end": "00:25:03", "text": "of misinformation spread particularly by"}, {"start": "00:25:00", "end": "00:25:05", "text": "the ABA. The ICBA, the independent"}, {"start": "00:25:03", "end": "00:25:06", "text": "community bankers, I think did not."}, {"start": "00:25:05", "end": "00:25:08", "text": "You're seeing it play out on Twitter"}, {"start": "00:25:06", "end": "00:25:09", "text": "where you actually have some of these"}, {"start": "00:25:08", "end": "00:25:12", "text": "bankers saying, \"Wait, I was never"}, {"start": "00:25:09", "end": "00:25:14", "text": "actually consulted and I would have been"}, {"start": "00:25:12", "end": "00:25:15", "text": "happy to be in a room as a CEO. I would"}, {"start": "00:25:14", "end": "00:25:19", "text": "have been happy to be there and have a"}, {"start": "00:25:15", "end": "00:25:20", "text": "negotiation. Not a single bank CEO"}, {"start": "00:25:19", "end": "00:25:22", "text": "showed up to have these negotiations."}, {"start": "00:25:20", "end": "00:25:25", "text": "Not even a single bank trade CEO showed"}, {"start": "00:25:22", "end": "00:25:27", "text": "up to have these conversations.\" So, I"}, {"start": "00:25:25", "end": "00:25:29", "text": "think it was it was pretty hard to"}, {"start": "00:25:27", "end": "00:25:32", "text": "understand and even to take it into a PR"}, {"start": "00:25:29", "end": "00:25:33", "text": "war. It it ultimately came, you know, it"}, {"start": "00:25:32", "end": "00:25:35", "text": "was it was it played out in Washington,"}, {"start": "00:25:33", "end": "00:25:37", "text": "I thought, and then, you know, he took"}, {"start": "00:25:35", "end": "00:25:38", "text": "it he took it to he took it to prime"}, {"start": "00:25:37", "end": "00:25:40", "text": "time."}, {"start": "00:25:38", "end": "00:25:42", "text": ">> Yeah. Yeah. No, it was prime time. And"}, {"start": "00:25:40", "end": "00:25:44", "text": "it and it made a lot of uh I think a lot"}, {"start": "00:25:42", "end": "00:25:46", "text": "of people understand really where this"}, {"start": "00:25:44", "end": "00:25:48", "text": "boiled down to, but the banks were in"}, {"start": "00:25:46", "end": "00:25:50", "text": "unison, which is kind of my next"}, {"start": "00:25:48", "end": "00:25:52", "text": "question is why didn't the crypto"}, {"start": "00:25:50", "end": "00:25:55", "text": "industry become unified? whether it was"}, {"start": "00:25:52", "end": "00:25:57", "text": "Ripple, you look at Circle, a handful of"}, {"start": "00:25:55", "end": "00:26:00", "text": "others out there that really should have"}, {"start": "00:25:57", "end": "00:26:03", "text": "been on the camp with Coinbase and"}, {"start": "00:26:00", "end": "00:26:06", "text": "united much faster after we kind of saw"}, {"start": "00:26:03", "end": "00:26:08", "text": "the industry pause a little bit to try"}, {"start": "00:26:06", "end": "00:26:10", "text": "to negotiate. Why didn't we create a"}, {"start": "00:26:08", "end": "00:26:12", "text": "consortium to really get at this?"}, {"start": "00:26:10", "end": "00:26:14", "text": ">> There was actually a consortment that"}, {"start": "00:26:12", "end": "00:26:15", "text": "came together on the crypto side and"}, {"start": "00:26:14", "end": "00:26:17", "text": "that I think was really important"}, {"start": "00:26:15", "end": "00:26:19", "text": "because it was very much about new"}, {"start": "00:26:17", "end": "00:26:22", "text": "payment rails. So there were companies"}, {"start": "00:26:19", "end": "00:26:24", "text": "that cared deeply about this that did"}, {"start": "00:26:22", "end": "00:26:26", "text": "help actually ensure that we reached a"}, {"start": "00:26:24", "end": "00:26:28", "text": "compromise that allowed for activity-"}, {"start": "00:26:26", "end": "00:26:30", "text": "based rewards. And you can see that that"}, {"start": "00:26:28", "end": "00:26:32", "text": "breadth of activities that were that"}, {"start": "00:26:30", "end": "00:26:34", "text": "were very clearly enumerated in the"}, {"start": "00:26:32", "end": "00:26:36", "text": "legislation demonstrated the different"}, {"start": "00:26:34", "end": "00:26:38", "text": "business models and people who want I"}, {"start": "00:26:36", "end": "00:26:40", "text": "mean everything to I mean there were"}, {"start": "00:26:38", "end": "00:26:42", "text": "conversations about Starbucks points and"}, {"start": "00:26:40", "end": "00:26:44", "text": "what the banks wanted. Starbucks would"}, {"start": "00:26:42", "end": "00:26:46", "text": "not have been allowed to have a point"}, {"start": "00:26:44", "end": "00:26:49", "text": "system if they used any kind of stable"}, {"start": "00:26:46", "end": "00:26:51", "text": "coin. That's insane. And so there were a"}, {"start": "00:26:49", "end": "00:26:53", "text": "lot of people in the room. We had our"}, {"start": "00:26:51", "end": "00:26:55", "text": "own trade associations come together."}, {"start": "00:26:53", "end": "00:26:58", "text": "You could see Summer Mercinger with the"}, {"start": "00:26:55", "end": "00:27:00", "text": "Blockchain Association and G Kim with"}, {"start": "00:26:58", "end": "00:27:01", "text": "CCI, the Crypto Council for Innovation."}, {"start": "00:27:00", "end": "00:27:04", "text": "They were tremendous. You had Cody"}, {"start": "00:27:01", "end": "00:27:06", "text": "Carbone also from the digital chamber."}, {"start": "00:27:04", "end": "00:27:08", "text": "There were really important I think"}, {"start": "00:27:06", "end": "00:27:10", "text": "trade association efforts. We had"}, {"start": "00:27:08", "end": "00:27:12", "text": "hundreds of thousands of uh advocates"}, {"start": "00:27:10", "end": "00:27:14", "text": "and voters reach out to the the Senate."}, {"start": "00:27:12", "end": "00:27:17", "text": "In fact, I think uh close to a million"}, {"start": "00:27:14", "end": "00:27:19", "text": "uh different Americans reach actually"}, {"start": "00:27:17", "end": "00:27:21", "text": "contacted the Senate to say keep my"}, {"start": "00:27:19", "end": "00:27:24", "text": "rewards, pass clarity. So we did build I"}, {"start": "00:27:21", "end": "00:27:26", "text": "think a very very important alliance and"}, {"start": "00:27:24", "end": "00:27:29", "text": "coalition to push back on the banks and"}, {"start": "00:27:26", "end": "00:27:32", "text": "ultimately just to be clear the banks"}, {"start": "00:27:29", "end": "00:27:34", "text": "and this bill may have failed but but"}, {"start": "00:27:32", "end": "00:27:37", "text": "there was a viable path forward on"}, {"start": "00:27:34", "end": "00:27:39", "text": "rewards and there were enough people"}, {"start": "00:27:37", "end": "00:27:42", "text": "that came together on the rewards uh"}, {"start": "00:27:39", "end": "00:27:43", "text": "product on that agreement because people"}, {"start": "00:27:42", "end": "00:27:45", "text": "actually believe that there should be"}, {"start": "00:27:43", "end": "00:27:46", "text": "competition."}, {"start": "00:27:45", "end": "00:27:48", "text": ">> Well I think people believed it. The"}, {"start": "00:27:46", "end": "00:27:50", "text": "problem is is that our Congress people"}, {"start": "00:27:48", "end": "00:27:51", "text": "didn't believe it, you know, so they"}, {"start": "00:27:50", "end": "00:27:55", "text": "themselves kind of put us in a position"}, {"start": "00:27:51", "end": "00:27:57", "text": "here. This is this is a political"}, {"start": "00:27:55", "end": "00:28:00", "text": "position right now that we're looking"}, {"start": "00:27:57", "end": "00:28:01", "text": "at. And when we analyze this, we boil it"}, {"start": "00:28:00", "end": "00:28:03", "text": "down to something that's going on right"}, {"start": "00:28:01", "end": "00:28:05", "text": "now in the meme coins and of course"}, {"start": "00:28:03", "end": "00:28:08", "text": "that's laptop. You've got laptop out"}, {"start": "00:28:05", "end": "00:28:10", "text": "there with Biden launches a couple of"}, {"start": "00:28:08", "end": "00:28:12", "text": "days before. We've seen him on with the"}, {"start": "00:28:10", "end": "00:28:14", "text": "rollup guys. He's doing his podcast"}, {"start": "00:28:12", "end": "00:28:16", "text": "rounds and essentially saying this is a"}, {"start": "00:28:14", "end": "00:28:17", "text": "bipartisan, you know, rugpull"}, {"start": "00:28:16", "end": "00:28:20", "text": "essentially, if you want to call it"}, {"start": "00:28:17", "end": "00:28:22", "text": "memecoin. That's exactly what they are."}, {"start": "00:28:20", "end": "00:28:25", "text": "But the point is is that it gets into a"}, {"start": "00:28:22", "end": "00:28:28", "text": "scenario where it could put centralized"}, {"start": "00:28:25", "end": "00:28:32", "text": "exchanges and any crypto company in the"}, {"start": "00:28:28", "end": "00:28:35", "text": "crosshairs of the Democrats. So now"}, {"start": "00:28:32", "end": "00:28:38", "text": "you're in a position, why not be able to"}, {"start": "00:28:35", "end": "00:28:41", "text": "play both sides of the plate here"}, {"start": "00:28:38", "end": "00:28:44", "text": "knowing that we may risk having the"}, {"start": "00:28:41", "end": "00:28:47", "text": "Democrats in control come November and"}, {"start": "00:28:44", "end": "00:28:49", "text": "you know give equal listing as they say."}, {"start": "00:28:47", "end": "00:28:50", "text": ">> Yeah. Yeah. No, it's it's a great"}, {"start": "00:28:49", "end": "00:28:52", "text": "question and ultimately that the"}, {"start": "00:28:50", "end": "00:28:55", "text": "decision to list or not list laptop was"}, {"start": "00:28:52", "end": "00:28:57", "text": "not a political decision and it goes"}, {"start": "00:28:55", "end": "00:28:58", "text": "back though I would just highlight one"}, {"start": "00:28:57", "end": "00:29:02", "text": "of the really important parts of the"}, {"start": "00:28:58", "end": "00:29:04", "text": "clarity act was actually transparency in"}, {"start": "00:29:02", "end": "00:29:06", "text": "listing decisions and we try to be very"}, {"start": "00:29:04", "end": "00:29:08", "text": "transparent you can see exactly um what"}, {"start": "00:29:06", "end": "00:29:09", "text": "we require for listing you know we have"}, {"start": "00:29:08", "end": "00:29:12", "text": "to make sure it's not a security there's"}, {"start": "00:29:09", "end": "00:29:13", "text": "no fraud uh make sure that it's not high"}, {"start": "00:29:12", "end": "00:29:14", "text": "risk there are a number of different"}, {"start": "00:29:13", "end": "00:29:17", "text": "things we're very transparent about our"}, {"start": "00:29:14", "end": "00:29:19", "text": "website one of the things that this bill"}, {"start": "00:29:17", "end": "00:29:22", "text": "would have was create that same type of"}, {"start": "00:29:19", "end": "00:29:23", "text": "transparency for every actor in the"}, {"start": "00:29:22", "end": "00:29:25", "text": "system and we actually thought that that"}, {"start": "00:29:23", "end": "00:29:27", "text": "was really important and all of the"}, {"start": "00:29:25", "end": "00:29:29", "text": "different uh characteristics of the"}, {"start": "00:29:27", "end": "00:29:31", "text": "token itself would have to be disclosed."}, {"start": "00:29:29", "end": "00:29:33", "text": "So we think that the Clarity Act"}, {"start": "00:29:31", "end": "00:29:35", "text": "actually would have put everybody on"}, {"start": "00:29:33", "end": "00:29:37", "text": "equal footing but again one listing"}, {"start": "00:29:35", "end": "00:29:40", "text": "decision or another that you know I"}, {"start": "00:29:37", "end": "00:29:41", "text": "wasn't a part of that that decision."}, {"start": "00:29:40", "end": "00:29:42", "text": "I want to go to this because this is"}, {"start": "00:29:41", "end": "00:29:44", "text": "something you know we're out there"}, {"start": "00:29:42", "end": "00:29:46", "text": "covering stories. We're trying to figure"}, {"start": "00:29:44", "end": "00:29:49", "text": "out do we go on onshoring and innovation"}, {"start": "00:29:46", "end": "00:29:51", "text": "as our messaging or do we go and fall"}, {"start": "00:29:49", "end": "00:29:52", "text": "back to fear and corruption because"}, {"start": "00:29:51", "end": "00:29:55", "text": "essentially that's kind of where the"}, {"start": "00:29:52", "end": "00:29:58", "text": "banks have pushitioned us I think in"}, {"start": "00:29:55", "end": "00:30:00", "text": "general but"}, {"start": "00:29:58", "end": "00:30:02", "text": "going forward do you think we just need"}, {"start": "00:30:00", "end": "00:30:03", "text": "to look at fear and corruption as the"}, {"start": "00:30:02", "end": "00:30:04", "text": "campaign [laughter]"}, {"start": "00:30:03", "end": "00:30:06", "text": "going forward because it didn't seem"}, {"start": "00:30:04", "end": "00:30:08", "text": "like onshoring and innovation worked out"}, {"start": "00:30:06", "end": "00:30:11", "text": "so well."}, {"start": "00:30:08", "end": "00:30:14", "text": "Well, I think the the actual real fear"}, {"start": "00:30:11", "end": "00:30:16", "text": "here is competition from China, is"}, {"start": "00:30:14", "end": "00:30:18", "text": "competition from other and I think that"}, {"start": "00:30:16", "end": "00:30:21", "text": "that that does resonate and when we"}, {"start": "00:30:18", "end": "00:30:24", "text": "think about the the power of the dollar"}, {"start": "00:30:21", "end": "00:30:26", "text": "and making sure that the dollar remains"}, {"start": "00:30:24", "end": "00:30:28", "text": "the reserve currency of the world."}, {"start": "00:30:26", "end": "00:30:30", "text": "Remember the digital yuan actually pays"}, {"start": "00:30:28", "end": "00:30:32", "text": "interest. So they are literally paying"}, {"start": "00:30:30", "end": "00:30:34", "text": "people to use their digital bank uh"}, {"start": "00:30:32", "end": "00:30:37", "text": "their central bank digital currency. And"}, {"start": "00:30:34", "end": "00:30:39", "text": "here we're having a fight over three and"}, {"start": "00:30:37", "end": "00:30:41", "text": "a half percent in rewards paid to a very"}, {"start": "00:30:39", "end": "00:30:44", "text": "small group of people for you know for"}, {"start": "00:30:41", "end": "00:30:46", "text": "these new types of innovations. It is it"}, {"start": "00:30:44", "end": "00:30:48", "text": "is really mind-boggling when it when you"}, {"start": "00:30:46", "end": "00:30:50", "text": "look at it from the global context. So I"}, {"start": "00:30:48", "end": "00:30:52", "text": "think that issue around fear I do think"}, {"start": "00:30:50", "end": "00:30:55", "text": "we have a part of that as the industry."}, {"start": "00:30:52", "end": "00:30:57", "text": "I also think we saw the fact that people"}, {"start": "00:30:55", "end": "00:30:59", "text": "left under the Biden administration."}, {"start": "00:30:57", "end": "00:31:02", "text": "this industry left that is where you saw"}, {"start": "00:30:59", "end": "00:31:05", "text": "the rise of Abu Dhabi and of Singapore"}, {"start": "00:31:02", "end": "00:31:07", "text": "and of even France right we have the EU"}, {"start": "00:31:05", "end": "00:31:09", "text": "that is is that is ahead so I think over"}, {"start": "00:31:07", "end": "00:31:11", "text": "the next two years it will be really"}, {"start": "00:31:09", "end": "00:31:14", "text": "important for rules to get in place that"}, {"start": "00:31:11", "end": "00:31:16", "text": "ensure that we can continue to compete"}, {"start": "00:31:14", "end": "00:31:18", "text": "globally and then Congress whether or"}, {"start": "00:31:16", "end": "00:31:21", "text": "not they can come back to the table and"}, {"start": "00:31:18", "end": "00:31:23", "text": "get this done I find I have a lot of"}, {"start": "00:31:21", "end": "00:31:25", "text": "skepticism that they will be able to do"}, {"start": "00:31:23", "end": "00:31:27", "text": "this next year but I think we've got a"}, {"start": "00:31:25", "end": "00:31:29", "text": "few more days in this session and and"}, {"start": "00:31:27", "end": "00:31:30", "text": "maybe the lame duck."}, {"start": "00:31:29", "end": "00:31:32", "text": ">> All right, so that brings me to the to"}, {"start": "00:31:30", "end": "00:31:35", "text": "the potential for compromises because"}, {"start": "00:31:32", "end": "00:31:37", "text": "after the House vote, uh our opinion is"}, {"start": "00:31:35", "end": "00:31:38", "text": "that there should have just been no"}, {"start": "00:31:37", "end": "00:31:40", "text": "compromises,"}, {"start": "00:31:38", "end": "00:31:43", "text": "but instead I think the industry tried"}, {"start": "00:31:40", "end": "00:31:45", "text": "to play nice and we kind of got slapped"}, {"start": "00:31:43", "end": "00:31:47", "text": "down for that. Do you think going"}, {"start": "00:31:45", "end": "00:31:48", "text": "forward we just simply draw a line in"}, {"start": "00:31:47", "end": "00:31:51", "text": "the sand? Sorry, this is the way it's"}, {"start": "00:31:48", "end": "00:31:55", "text": "going to be."}, {"start": "00:31:51", "end": "00:31:57", "text": ">> I think that we are very close to that"}, {"start": "00:31:55", "end": "00:32:00", "text": "point. I would say the the bill that"}, {"start": "00:31:57", "end": "00:32:02", "text": "came out really pushed every every part"}, {"start": "00:32:00", "end": "00:32:04", "text": "of the industry to their breaking point"}, {"start": "00:32:02", "end": "00:32:08", "text": "and things like rewards is a good"}, {"start": "00:32:04", "end": "00:32:09", "text": "example. We are on knife's edge and the"}, {"start": "00:32:08", "end": "00:32:11", "text": "you know the the the circuit breaker"}, {"start": "00:32:09", "end": "00:32:14", "text": "that they added at the very last minute"}, {"start": "00:32:11", "end": "00:32:15", "text": "again that opens it up for new mischief."}, {"start": "00:32:14", "end": "00:32:16", "text": "Uh"}, {"start": "00:32:15", "end": "00:32:18", "text": ">> ultimately"}, {"start": "00:32:16", "end": "00:32:20", "text": ">> that was the price and that's what they"}, {"start": "00:32:18", "end": "00:32:22", "text": "decided to put in there. We were not"}, {"start": "00:32:20", "end": "00:32:24", "text": "going to oppose the rest of this bill"}, {"start": "00:32:22", "end": "00:32:26", "text": "over that circuit breaker language. But"}, {"start": "00:32:24", "end": "00:32:28", "text": "we are a nice edge. I think that that is"}, {"start": "00:32:26", "end": "00:32:30", "text": "the same for the developers, for the"}, {"start": "00:32:28", "end": "00:32:32", "text": "DeFi community. I think that that's the"}, {"start": "00:32:30", "end": "00:32:35", "text": "same for other for venture capital"}, {"start": "00:32:32", "end": "00:32:37", "text": "firms, for other parts of the ecosystem,"}, {"start": "00:32:35", "end": "00:32:40", "text": "the issuers. Everybody is on knife's"}, {"start": "00:32:37", "end": "00:32:41", "text": "edge. and whether or not we can, you"}, {"start": "00:32:40", "end": "00:32:43", "text": "know, if there I think the other two"}, {"start": "00:32:41", "end": "00:32:45", "text": "issues that were hanging out there were"}, {"start": "00:32:43", "end": "00:32:48", "text": "related to um some of the issues in the"}, {"start": "00:32:45", "end": "00:32:50", "text": "A bill and to the the blockchain"}, {"start": "00:32:48", "end": "00:32:53", "text": "regulatory certainty act again on"}, {"start": "00:32:50", "end": "00:32:56", "text": "knife's edge. So, could there be a"}, {"start": "00:32:53", "end": "00:32:58", "text": "compromise here? Sure. Do people need to"}, {"start": "00:32:56", "end": "00:33:00", "text": "come back to the table? Absolutely. Do"}, {"start": "00:32:58", "end": "00:33:03", "text": "we think that we can get this done? If"}, {"start": "00:33:00", "end": "00:33:05", "text": "we have I I think good faith actors who"}, {"start": "00:33:03", "end": "00:33:06", "text": "want to come back to the table, then"}, {"start": "00:33:05", "end": "00:33:08", "text": "yeah, I think we could get this done."}, {"start": "00:33:06", "end": "00:33:10", "text": "But but there's not a whole lot of give"}, {"start": "00:33:08", "end": "00:33:11", "text": "left in this in this process."}, {"start": "00:33:10", "end": "00:33:14", "text": ">> All right. You mentioned a little bit"}, {"start": "00:33:11", "end": "00:33:16", "text": "about the the tax uh bill that's going"}, {"start": "00:33:14", "end": "00:33:18", "text": "to essentially make its way in which is"}, {"start": "00:33:16", "end": "00:33:22", "text": "now being superseded, I guess, because"}, {"start": "00:33:18", "end": "00:33:23", "text": "of prior to Clarity ever getting done."}, {"start": "00:33:22", "end": "00:33:25", "text": "Uh and there's a lot of things in that."}, {"start": "00:33:23", "end": "00:33:27", "text": "We'll do a video on that, guys. But now"}, {"start": "00:33:25", "end": "00:33:28", "text": "that Clarity has failed, why not why"}, {"start": "00:33:27", "end": "00:33:31", "text": "would Coinbase not just go in and"}, {"start": "00:33:28", "end": "00:33:32", "text": "rebrand Coinbase Wallet to Coinbase? And"}, {"start": "00:33:31", "end": "00:33:34", "text": "because you're going to see most"}, {"start": "00:33:32", "end": "00:33:36", "text": "everybody go into Coinbase wallet, I"}, {"start": "00:33:34", "end": "00:33:41", "text": "would think right now, especially with"}, {"start": "00:33:36", "end": "00:33:43", "text": "Clarity having no clarity at all."}, {"start": "00:33:41", "end": "00:33:46", "text": ">> Well, I think I mean we still, again, we"}, {"start": "00:33:43", "end": "00:33:48", "text": "we are already highly regulated. We have"}, {"start": "00:33:46", "end": "00:33:50", "text": "45 state regulators. We are regulated at"}, {"start": "00:33:48", "end": "00:33:52", "text": "the SEC and the CFTC today. We're"}, {"start": "00:33:50", "end": "00:33:54", "text": "regulated at Fininsen and and OFAC,"}, {"start": "00:33:52", "end": "00:33:57", "text": "which are the two treasury organizations"}, {"start": "00:33:54", "end": "00:33:59", "text": "that that manage the uh elicit finance"}, {"start": "00:33:57", "end": "00:34:01", "text": "obligations. So, we have a lot of"}, {"start": "00:33:59", "end": "00:34:03", "text": "regulations already in place. We have to"}, {"start": "00:34:01", "end": "00:34:05", "text": "work with state regulators. We have a"}, {"start": "00:34:03", "end": "00:34:06", "text": "lot of work with the New York Department"}, {"start": "00:34:05", "end": "00:34:08", "text": "of Financial Services. And now"}, {"start": "00:34:06", "end": "00:34:11", "text": "California has a new law on the books."}, {"start": "00:34:08", "end": "00:34:13", "text": "Illinois is coming online. There's"}, {"start": "00:34:11", "end": "00:34:15", "text": "legislation out there. So, we will be"}, {"start": "00:34:13", "end": "00:34:17", "text": "really busy at the state level making"}, {"start": "00:34:15", "end": "00:34:19", "text": "sure that we still meet the obligations"}, {"start": "00:34:17", "end": "00:34:21", "text": "that we need to across the country. So"}, {"start": "00:34:19", "end": "00:34:23", "text": "whether or not we have some activity"}, {"start": "00:34:21", "end": "00:34:25", "text": "going through wallet or through our"}, {"start": "00:34:23", "end": "00:34:27", "text": "custodial app, the custodial app is a"}, {"start": "00:34:25", "end": "00:34:29", "text": "very important place where people still"}, {"start": "00:34:27", "end": "00:34:30", "text": "come. Whether you're brand new to crypto"}, {"start": "00:34:29", "end": "00:34:33", "text": "or you're a sophisticated trader using"}, {"start": "00:34:30", "end": "00:34:35", "text": "prime, it is still I think what it's the"}, {"start": "00:34:33", "end": "00:34:37", "text": "most trusted it's the most trusted"}, {"start": "00:34:35", "end": "00:34:41", "text": "on-ramp for crypto in America. And we we"}, {"start": "00:34:37", "end": "00:34:45", "text": "don't want to to uh jeopardize that."}, {"start": "00:34:41", "end": "00:34:47", "text": ">> 50% of our audience is in 180 different"}, {"start": "00:34:45", "end": "00:34:49", "text": "countries."}, {"start": "00:34:47", "end": "00:34:51", "text": "um you know we're one of the largest you"}, {"start": "00:34:49", "end": "00:34:54", "text": "know crypto and finance channels out"}, {"start": "00:34:51", "end": "00:34:56", "text": "there. So for us to see that much of an"}, {"start": "00:34:54", "end": "00:34:58", "text": "audience means this is a global effort"}, {"start": "00:34:56", "end": "00:35:00", "text": "going forward. So Coinbase obviously is"}, {"start": "00:34:58", "end": "00:35:03", "text": "a part of that. So I think the wallet is"}, {"start": "00:35:00", "end": "00:35:05", "text": "going to be exploding now with these"}, {"start": "00:35:03", "end": "00:35:07", "text": "opportunities in terms of all these"}, {"start": "00:35:05", "end": "00:35:09", "text": "additional traders worldwide."}, {"start": "00:35:07", "end": "00:35:11", "text": ">> Absolutely. And we are building"}, {"start": "00:35:09", "end": "00:35:13", "text": "globally. We are we just launched"}, {"start": "00:35:11", "end": "00:35:15", "text": "tokenized equities overseas. We are"}, {"start": "00:35:13", "end": "00:35:17", "text": "again we are meeting customers where"}, {"start": "00:35:15", "end": "00:35:19", "text": "they are. Coinbase wallet is an an"}, {"start": "00:35:17", "end": "00:35:22", "text": "excellent on-ramp and an excellent entry"}, {"start": "00:35:19", "end": "00:35:23", "text": "point into the digital asset space. We"}, {"start": "00:35:22", "end": "00:35:25", "text": "will continue to see growth there. We"}, {"start": "00:35:23", "end": "00:35:27", "text": "will continue to work with regulators"}, {"start": "00:35:25", "end": "00:35:29", "text": "internationally and we will seek"}, {"start": "00:35:27", "end": "00:35:31", "text": "licenses where we need them. We will"}, {"start": "00:35:29", "end": "00:35:33", "text": "offer opportunities to enter into"}, {"start": "00:35:31", "end": "00:35:34", "text": "decentralized finance through DeFi"}, {"start": "00:35:33", "end": "00:35:37", "text": "through different app uh you know kind"}, {"start": "00:35:34", "end": "00:35:38", "text": "of integrations. So we're really excited"}, {"start": "00:35:37", "end": "00:35:41", "text": "about everything that's happening in"}, {"start": "00:35:38", "end": "00:35:43", "text": "both the custodial and the non-custodial"}, {"start": "00:35:41", "end": "00:35:46", "text": "wallet. for for us as a policy matter,"}, {"start": "00:35:43", "end": "00:35:48", "text": "we have been absolutely rigid in our"}, {"start": "00:35:46", "end": "00:35:50", "text": "support and I think our advocacy for"}, {"start": "00:35:48", "end": "00:35:52", "text": "being able to maintain self-hosted"}, {"start": "00:35:50", "end": "00:35:54", "text": "wallets and having that autonomy over"}, {"start": "00:35:52", "end": "00:35:55", "text": "what you own and how you manage your"}, {"start": "00:35:54", "end": "00:35:57", "text": "money. So, we are doing that globally"}, {"start": "00:35:55", "end": "00:35:59", "text": "and we will continue to do that from a"}, {"start": "00:35:57", "end": "00:36:02", "text": "policy landscape and then competition"}, {"start": "00:35:59", "end": "00:36:03", "text": "again it will continue to evolve and and"}, {"start": "00:36:02", "end": "00:36:06", "text": "innovate and that's where I think we"}, {"start": "00:36:03", "end": "00:36:07", "text": "will meet customers where they are."}, {"start": "00:36:06", "end": "00:36:10", "text": ">> How do you think the industry is going"}, {"start": "00:36:07", "end": "00:36:12", "text": "to respond to the the Ways and Means"}, {"start": "00:36:10", "end": "00:36:15", "text": "Committee? uh on the on the digital"}, {"start": "00:36:12", "end": "00:36:16", "text": "asset tax clarity uh issue. Do you think"}, {"start": "00:36:15", "end": "00:36:17", "text": "this is going to be something that could"}, {"start": "00:36:16", "end": "00:36:20", "text": "really I mean because this is going to"}, {"start": "00:36:17", "end": "00:36:22", "text": "hit wash trades. This is going to deal"}, {"start": "00:36:20", "end": "00:36:24", "text": "with all sorts of issues in terms of"}, {"start": "00:36:22", "end": "00:36:25", "text": "capital gains on certain assets. I mean"}, {"start": "00:36:24", "end": "00:36:27", "text": "there is a lot we'll do a video on this"}, {"start": "00:36:25", "end": "00:36:30", "text": "guys for you but how do you think the"}, {"start": "00:36:27", "end": "00:36:32", "text": "industry is going to respond to this? So"}, {"start": "00:36:30", "end": "00:36:35", "text": "one of the biggest concerns we hear from"}, {"start": "00:36:32", "end": "00:36:37", "text": "our uh both our our customers be it big"}, {"start": "00:36:35", "end": "00:36:40", "text": "or small institutional everyday"}, {"start": "00:36:37", "end": "00:36:42", "text": "Americans is they don't understand tax"}, {"start": "00:36:40", "end": "00:36:44", "text": "treatment today. It is a major concern"}, {"start": "00:36:42", "end": "00:36:46", "text": "since the broker rules rolled out"}, {"start": "00:36:44", "end": "00:36:48", "text": "earlier this year and that was something"}, {"start": "00:36:46", "end": "00:36:51", "text": "Congress did back in 2021 where they"}, {"start": "00:36:48", "end": "00:36:55", "text": "mandated that all brokers provide 1099s"}, {"start": "00:36:51", "end": "00:36:57", "text": "to their users. that my tax forms alone"}, {"start": "00:36:55", "end": "00:36:59", "text": "because it now captures every single"}, {"start": "00:36:57", "end": "00:37:01", "text": "time you make a transaction with stable"}, {"start": "00:36:59", "end": "00:37:03", "text": "coins, every time you make a trade,"}, {"start": "00:37:01", "end": "00:37:05", "text": "anytime you do anything is a taxable"}, {"start": "00:37:03", "end": "00:37:07", "text": "event. And so everyday Americans who"}, {"start": "00:37:05", "end": "00:37:08", "text": "look at their tax forms and say, you"}, {"start": "00:37:07", "end": "00:37:10", "text": "know what, why would I even mess with"}, {"start": "00:37:08", "end": "00:37:13", "text": "stable coins if I have to report every"}, {"start": "00:37:10", "end": "00:37:15", "text": "single cup of coffee to the IRS? Our"}, {"start": "00:37:13", "end": "00:37:18", "text": "numbers went up by 30% in terms of"}, {"start": "00:37:15", "end": "00:37:20", "text": "people needing help with their taxes. So"}, {"start": "00:37:18", "end": "00:37:23", "text": "it is a very real impact for the users."}, {"start": "00:37:20", "end": "00:37:26", "text": "I think for companies, again, the IRS"}, {"start": "00:37:23", "end": "00:37:28", "text": "already requires people to comply with"}, {"start": "00:37:26", "end": "00:37:30", "text": "these laws. They're just v people just"}, {"start": "00:37:28", "end": "00:37:33", "text": "don't know how to apply them. So, what"}, {"start": "00:37:30", "end": "00:37:34", "text": "this bill does is it does create new uh"}, {"start": "00:37:33", "end": "00:37:36", "text": "things like staking. It addresses"}, {"start": "00:37:34", "end": "00:37:38", "text": "staking. How and when do you recognize"}, {"start": "00:37:36", "end": "00:37:40", "text": "income with staking? It addresses that."}, {"start": "00:37:38", "end": "00:37:42", "text": "It addresses charitable contributions."}, {"start": "00:37:40", "end": "00:37:44", "text": "It addresses a number of issues. It does"}, {"start": "00:37:42", "end": "00:37:46", "text": "include wash trading, but that is an"}, {"start": "00:37:44", "end": "00:37:48", "text": "important part of our traditional tax"}, {"start": "00:37:46", "end": "00:37:50", "text": "system. So, what this bill really does"}, {"start": "00:37:48", "end": "00:37:53", "text": "is try to strike parody with a with"}, {"start": "00:37:50", "end": "00:37:54", "text": "traditional uh tax requirements."}, {"start": "00:37:53", "end": "00:37:56", "text": ">> All right, Cara. Well, listen, we're"}, {"start": "00:37:54", "end": "00:37:57", "text": "going to watch very closely because"}, {"start": "00:37:56", "end": "00:37:59", "text": "there's going to be a lot coming down, I"}, {"start": "00:37:57", "end": "00:38:01", "text": "think, from the SEC and the CFTC that"}, {"start": "00:37:59", "end": "00:38:03", "text": "hopefully will guide this industry. Love"}, {"start": "00:38:01", "end": "00:38:05", "text": "to get your opinion on that once we"}, {"start": "00:38:03", "end": "00:38:06", "text": "start to see some of that direction. So,"}, {"start": "00:38:05", "end": "00:38:07", "text": "thanks for coming in today. We"}, {"start": "00:38:06", "end": "00:38:09", "text": "appreciate it."}, {"start": "00:38:07", "end": "00:38:11", "text": ">> Absolutely. Anytime. We're we're excited"}, {"start": "00:38:09", "end": "00:38:12", "text": "about the future. Today was a setback or"}, {"start": "00:38:11", "end": "00:38:17", "text": "yesterday was a setback, but that does"}, {"start": "00:38:12", "end": "00:38:17", "text": "not mean that we are uh slowing down."}, {"start": "00:38:21", "end": "00:38:24", "text": "If you like this [music] video, hit like"}, {"start": "00:38:22", "end": "00:38:26", "text": "and subscribe. Drop a comment down below"}, {"start": "00:38:24", "end": "00:38:28", "text": "and also join our free [music] private"}, {"start": "00:38:26", "end": "00:38:31", "text": "member group. The link is in the"}, {"start": "00:38:28", "end": "00:38:31", "text": "description."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "The rate hike era has begun and it is"}, {"start": "00:00:03", "end": "00:00:08", "text": "taking place right now. One of the"}, {"start": "00:00:05", "end": "00:00:10", "text": "things that we'll get into today is what"}, {"start": "00:00:08", "end": "00:00:12", "text": "does this look like going forward? Cuz"}, {"start": "00:00:10", "end": "00:00:13", "text": "this is going to be the biggest issue"}, {"start": "00:00:12", "end": "00:00:15", "text": "right now. The Federal Reserve is"}, {"start": "00:00:13", "end": "00:00:17", "text": "officially hiking interest rates by 25"}, {"start": "00:00:15", "end": "00:00:21", "text": "basis points, making it the first rate"}, {"start": "00:00:17", "end": "00:00:23", "text": "hike since July of 2023. This ends the"}, {"start": "00:00:21", "end": "00:00:26", "text": "longest Fed interest rate pause since"}, {"start": "00:00:23", "end": "00:00:28", "text": "2008. Many of you guys weren't around in"}, {"start": "00:00:26", "end": "00:00:30", "text": "2008, but that was the economic crisis"}, {"start": "00:00:28", "end": "00:00:32", "text": "that essentially started because of the"}, {"start": "00:00:30", "end": "00:00:35", "text": "savings loans and real estate cratered a"}, {"start": "00:00:32", "end": "00:00:37", "text": "lot of the market in general took a long"}, {"start": "00:00:35", "end": "00:00:39", "text": "time to recover. That's the kind of"}, {"start": "00:00:37", "end": "00:00:41", "text": "scenario that we are playing out right"}, {"start": "00:00:39", "end": "00:00:43", "text": "now. If you look at the charts, I'm on"}, {"start": "00:00:41", "end": "00:00:45", "text": "the five minute just to give you guys a"}, {"start": "00:00:43", "end": "00:00:47", "text": "look at that. And we're going to go to"}, {"start": "00:00:45", "end": "00:00:49", "text": "Kevin Wars here in a minute to"}, {"start": "00:00:47", "end": "00:00:50", "text": "understand if he is more of a dovish"}, {"start": "00:00:49", "end": "00:00:52", "text": "position because I have a whole theory"}, {"start": "00:00:50", "end": "00:00:54", "text": "on this as to how this may play out. But"}, {"start": "00:00:52", "end": "00:00:56", "text": "right now, I'm looking at XRP. You can"}, {"start": "00:00:54", "end": "00:00:59", "text": "go of course to the Bitcoin chart almost"}, {"start": "00:00:56", "end": "00:01:01", "text": "identical in terms of the spikes that"}, {"start": "00:00:59", "end": "00:01:03", "text": "we've seen and of course the immediate"}, {"start": "00:01:01", "end": "00:01:05", "text": "drop once the news has started breaking"}, {"start": "00:01:03", "end": "00:01:08", "text": "this being on the 5minute chart. Bitcoin"}, {"start": "00:01:05", "end": "00:01:11", "text": "trading at around 758 right now as we"}, {"start": "00:01:08", "end": "00:01:14", "text": "record ETH holding around the 2400 mark."}, {"start": "00:01:11", "end": "00:01:16", "text": "So market in general is starting to"}, {"start": "00:01:14", "end": "00:01:19", "text": "react and of course we will hear from"}, {"start": "00:01:16", "end": "00:01:20", "text": "the Fed themselves. And the way this"}, {"start": "00:01:19", "end": "00:01:22", "text": "works, if you're brand new to the live"}, {"start": "00:01:20", "end": "00:01:24", "text": "stream, which by the way, if you haven't"}, {"start": "00:01:22", "end": "00:01:26", "text": "subscribed, hit that little bell. It's"}, {"start": "00:01:24", "end": "00:01:27", "text": "going to get you in and you're going to"}, {"start": "00:01:26", "end": "00:01:29", "text": "get notifications instead of just"}, {"start": "00:01:27", "end": "00:01:31", "text": "discovering this by chance. You're going"}, {"start": "00:01:29", "end": "00:01:33", "text": "to get notifications when we do these"}, {"start": "00:01:31", "end": "00:01:35", "text": "live streams. These FOMC meetings are"}, {"start": "00:01:33", "end": "00:01:38", "text": "very critical because it starts to set"}, {"start": "00:01:35", "end": "00:01:41", "text": "the tone for not only the markets, but"}, {"start": "00:01:38", "end": "00:01:44", "text": "it also sets the tone, I think, globally"}, {"start": "00:01:41", "end": "00:01:46", "text": "of how and where trades will happen in"}, {"start": "00:01:44", "end": "00:01:48", "text": "terms of the markets themselves. A few"}, {"start": "00:01:46", "end": "00:01:50", "text": "other things that are happening right"}, {"start": "00:01:48", "end": "00:01:52", "text": "now. The stock market is of course"}, {"start": "00:01:50", "end": "00:01:54", "text": "approaching a fear level which we"}, {"start": "00:01:52", "end": "00:01:56", "text": "haven't seen this in a while. We're at"}, {"start": "00:01:54", "end": "00:02:01", "text": "28 and if you look at this one week ago"}, {"start": "00:01:56", "end": "00:02:05", "text": "38 one month ago ago it was at 64. One"}, {"start": "00:02:01", "end": "00:02:07", "text": "year ago also setting in greed mode. So"}, {"start": "00:02:05", "end": "00:02:09", "text": "uh interesting times ahead. The real"}, {"start": "00:02:07", "end": "00:02:11", "text": "question I think as the chair will go to"}, {"start": "00:02:09", "end": "00:02:14", "text": "the podium here in a little bit and"}, {"start": "00:02:11", "end": "00:02:15", "text": "he'll start to address and I think that"}, {"start": "00:02:14", "end": "00:02:16", "text": "is going to be what is the"}, {"start": "00:02:15", "end": "00:02:20", "text": "forward-looking statements. Remember"}, {"start": "00:02:16", "end": "00:02:22", "text": "though that in this particular case uh"}, {"start": "00:02:20", "end": "00:02:26", "text": "he doesn't give forward-looking"}, {"start": "00:02:22", "end": "00:02:28", "text": "statements instead instead he gives a"}, {"start": "00:02:26", "end": "00:02:30", "text": "result of here's our new data points or"}, {"start": "00:02:28", "end": "00:02:32", "text": "potentially let's let the market figure"}, {"start": "00:02:30", "end": "00:02:34", "text": "this out. These are the talking points"}, {"start": "00:02:32", "end": "00:02:36", "text": "that Kevin Wars have kind of got into"}, {"start": "00:02:34", "end": "00:02:39", "text": "over the last little bit in terms of his"}, {"start": "00:02:36", "end": "00:02:41", "text": "his tenure as the uh the chair of the"}, {"start": "00:02:39", "end": "00:02:44", "text": "Federal Reserve. Uh I want to go to this"}, {"start": "00:02:41", "end": "00:02:46", "text": "right here. Last time the Fed did a rate"}, {"start": "00:02:44", "end": "00:02:48", "text": "hike uh and I don't know if we're going"}, {"start": "00:02:46", "end": "00:02:53", "text": "to see this, but Bitcoin did drop 18%."}, {"start": "00:02:48", "end": "00:02:55", "text": "So we did get the hike. Do we get a drop"}, {"start": "00:02:53", "end": "00:02:57", "text": "on Bitcoin of that kind of magnitude?"}, {"start": "00:02:55", "end": "00:03:00", "text": "Let me know in the comments down below"}, {"start": "00:02:57", "end": "00:03:03", "text": "uh down below. just just simply put uh"}, {"start": "00:03:00", "end": "00:03:05", "text": "Bitcoin down or Bitcoin sideways or"}, {"start": "00:03:03", "end": "00:03:06", "text": "Bitcoin up from here where you guys"}, {"start": "00:03:05", "end": "00:03:08", "text": "think this is going to be going and"}, {"start": "00:03:06", "end": "00:03:10", "text": "let's look at it over the next say 7"}, {"start": "00:03:08", "end": "00:03:13", "text": "days because I think this is going to be"}, {"start": "00:03:10", "end": "00:03:15", "text": "a significant time between now and the"}, {"start": "00:03:13", "end": "00:03:18", "text": "next seven days because you have a an"}, {"start": "00:03:15", "end": "00:03:21", "text": "administration who has been 100%"}, {"start": "00:03:18", "end": "00:03:24", "text": "anti-hiking rates in this economy and"}, {"start": "00:03:21", "end": "00:03:26", "text": "now you have Kevin Walsh playing ball"}, {"start": "00:03:24", "end": "00:03:28", "text": "with the market and going in and doing"}, {"start": "00:03:26", "end": "00:03:32", "text": "exactly what Trump did not want him to"}, {"start": "00:03:28", "end": "00:03:33", "text": "do and that was hiking rates. Of course,"}, {"start": "00:03:32", "end": "00:03:35", "text": "that is what's playing out right now."}, {"start": "00:03:33", "end": "00:03:37", "text": "Wall Street overwhelmingly expected the"}, {"start": "00:03:35", "end": "00:03:40", "text": "Fed the Fed rate hike. That is"}, {"start": "00:03:37", "end": "00:03:42", "text": "happening. Almost everybody uh every"}, {"start": "00:03:40", "end": "00:03:44", "text": "major Wall Street bank now expects it."}, {"start": "00:03:42", "end": "00:03:47", "text": "They were true on this. Most though have"}, {"start": "00:03:44", "end": "00:03:49", "text": "been forecasting a 50 basis points of"}, {"start": "00:03:47", "end": "00:03:52", "text": "tightening for 2026. What that could"}, {"start": "00:03:49", "end": "00:03:54", "text": "potentially mean is we've got another"}, {"start": "00:03:52", "end": "00:03:57", "text": "one coming and some banks, Deutsche Bank"}, {"start": "00:03:54", "end": "00:04:00", "text": "and RBC see 75 basis points. That would"}, {"start": "00:03:57", "end": "00:04:04", "text": "put three hikes into the end of the year"}, {"start": "00:04:00", "end": "00:04:06", "text": "which would be substantial for where the"}, {"start": "00:04:04", "end": "00:04:08", "text": "markets are heading. And this of course"}, {"start": "00:04:06", "end": "00:04:10", "text": "looks at one thing and that is where the"}, {"start": "00:04:08", "end": "00:04:13", "text": "S&P 500 is going to be heading from"}, {"start": "00:04:10", "end": "00:04:15", "text": "this. Let me go over to the S&P real"}, {"start": "00:04:13", "end": "00:04:16", "text": "quick just to take a look. We're on the"}, {"start": "00:04:15", "end": "00:04:19", "text": "fiveminute right now. A little bit"}, {"start": "00:04:16", "end": "00:04:21", "text": "sideways in the market mix. sitting at"}, {"start": "00:04:19", "end": "00:04:24", "text": "around 7,600."}, {"start": "00:04:21", "end": "00:04:26", "text": "So you look at all of these scenarios"}, {"start": "00:04:24", "end": "00:04:29", "text": "playing out and then you consider where"}, {"start": "00:04:26", "end": "00:04:31", "text": "the potential of this goes from here. I"}, {"start": "00:04:29", "end": "00:04:33", "text": "think the next big question will be how"}, {"start": "00:04:31", "end": "00:04:36", "text": "does the market respond to this? And of"}, {"start": "00:04:33", "end": "00:04:38", "text": "course you've got Tom Lee hitting on it"}, {"start": "00:04:36", "end": "00:04:41", "text": "right here. Markets on hold today. Now"}, {"start": "00:04:38", "end": "00:04:43", "text": "they're not on hold. FMC rate decision"}, {"start": "00:04:41", "end": "00:04:46", "text": "uh happens if the Fed raises markets"}, {"start": "00:04:43", "end": "00:04:48", "text": "expected to future cuts likely get rem"}, {"start": "00:04:46", "end": "00:04:50", "text": "removed. we're going to look at a"}, {"start": "00:04:48", "end": "00:04:52", "text": "10-year likely to drop. I think that's"}, {"start": "00:04:50", "end": "00:04:54", "text": "going to be the case and then we might"}, {"start": "00:04:52", "end": "00:04:56", "text": "see stocks rally. That'll be a question"}, {"start": "00:04:54", "end": "00:04:58", "text": "mark that I think a lot of people will"}, {"start": "00:04:56", "end": "00:05:00", "text": "be looking at. The question is where uh"}, {"start": "00:04:58", "end": "00:05:03", "text": "and what sectors are going to rally off"}, {"start": "00:05:00", "end": "00:05:06", "text": "of this. If the Fed holds and we get a"}, {"start": "00:05:03", "end": "00:05:08", "text": "dovish surprise, even if a hawkish talk"}, {"start": "00:05:06", "end": "00:05:10", "text": "comes in, the markets will focus on the"}, {"start": "00:05:08", "end": "00:05:12", "text": "hold regime underway and then stocks"}, {"start": "00:05:10", "end": "00:05:15", "text": "would rally. So, he's simply saying the"}, {"start": "00:05:12", "end": "00:05:16", "text": "la most likely we're going to see market"}, {"start": "00:05:15", "end": "00:05:19", "text": "movement on this. I talked to a couple"}, {"start": "00:05:16", "end": "00:05:21", "text": "analysts this morning and uh Rebecca"}, {"start": "00:05:19", "end": "00:05:24", "text": "Waler, she was on with me earlier and we"}, {"start": "00:05:21", "end": "00:05:26", "text": "talked about this very issue of if a"}, {"start": "00:05:24", "end": "00:05:28", "text": "hike is inbound, is there an opportunity"}, {"start": "00:05:26", "end": "00:05:31", "text": "here for the S&P to continue to take a"}, {"start": "00:05:28", "end": "00:05:33", "text": "drive up? She sees seem to think that"}, {"start": "00:05:31", "end": "00:05:35", "text": "yes, it would be and that may be the"}, {"start": "00:05:33", "end": "00:05:37", "text": "case right now. Remember though, there's"}, {"start": "00:05:35", "end": "00:05:40", "text": "a lot of other things that are brewing"}, {"start": "00:05:37", "end": "00:05:43", "text": "within this and that is price increases"}, {"start": "00:05:40", "end": "00:05:45", "text": "that we have seen in terms of inflation."}, {"start": "00:05:43", "end": "00:05:47", "text": "And here's my question."}, {"start": "00:05:45", "end": "00:05:51", "text": "When you think about inflation and if"}, {"start": "00:05:47", "end": "00:05:53", "text": "we'll ever get to the 2% again and you"}, {"start": "00:05:51", "end": "00:05:56", "text": "look at these prices since the start of"}, {"start": "00:05:53", "end": "00:05:58", "text": "the Iranian war, you can see almost"}, {"start": "00:05:56", "end": "00:06:01", "text": "everything is up in double digits."}, {"start": "00:05:58", "end": "00:06:03", "text": "You've got everything including uh"}, {"start": "00:06:01", "end": "00:06:06", "text": "energy to a certain level. Some of the"}, {"start": "00:06:03", "end": "00:06:08", "text": "commodity commodities that play in on"}, {"start": "00:06:06", "end": "00:06:10", "text": "this and of course the biggest issue is"}, {"start": "00:06:08", "end": "00:06:12", "text": "being able to try to get back to the 2%."}, {"start": "00:06:10", "end": "00:06:15", "text": "Now remember the way inflation works"}, {"start": "00:06:12", "end": "00:06:17", "text": "this is accumulative. So right now this"}, {"start": "00:06:15", "end": "00:06:20", "text": "year it's 2%. If it's next year almost"}, {"start": "00:06:17", "end": "00:06:22", "text": "three uh next year almost three do we"}, {"start": "00:06:20", "end": "00:06:24", "text": "get into a scenario where hyperinflation"}, {"start": "00:06:22", "end": "00:06:26", "text": "could take off here? That is the"}, {"start": "00:06:24", "end": "00:06:28", "text": "question mark I think a lot of people"}, {"start": "00:06:26", "end": "00:06:31", "text": "are concerned about right now and it's"}, {"start": "00:06:28", "end": "00:06:34", "text": "playing into the hands of Worsh if he"}, {"start": "00:06:31", "end": "00:06:37", "text": "continues with hikes especially on a"}, {"start": "00:06:34", "end": "00:06:40", "text": "three set into 75 basis points for this"}, {"start": "00:06:37", "end": "00:06:43", "text": "year. I want to go to a clip because"}, {"start": "00:06:40", "end": "00:06:47", "text": "this is a former Black Rockck guy that"}, {"start": "00:06:43", "end": "00:06:49", "text": "has talked about uh this issue to the"}, {"start": "00:06:47", "end": "00:06:51", "text": "very core that we're facing right now."}, {"start": "00:06:49", "end": "00:06:52", "text": "Let me cut to Rick Reer. Take a look."}, {"start": "00:06:51", "end": "00:06:54", "text": ">> You don't think that they should?"}, {"start": "00:06:52", "end": "00:06:57", "text": ">> Oh, I I mean, I wouldn't. But that being"}, {"start": "00:06:54", "end": "00:06:58", "text": "said, I've learned in investing, it"}, {"start": "00:06:57", "end": "00:07:00", "text": "doesn't really matter what I think. It"}, {"start": "00:06:58", "end": "00:07:02", "text": "matters what they do, and it matters"}, {"start": "00:07:00", "end": "00:07:04", "text": "what the markets perceive that they're"}, {"start": "00:07:02", "end": "00:07:05", "text": "going to go. And so, no, I wouldn't"}, {"start": "00:07:04", "end": "00:07:06", "text": "because I think there's you're not going"}, {"start": "00:07:05", "end": "00:07:09", "text": "to really do much. I mean, talk about"}, {"start": "00:07:06", "end": "00:07:10", "text": "moving the funds rate 25 basis points."}, {"start": "00:07:09", "end": "00:07:12", "text": "Are you really going to do anything for"}, {"start": "00:07:10", "end": "00:07:13", "text": "inflation? What's driving inflation"}, {"start": "00:07:12", "end": "00:07:14", "text": "today is interest rate insensitive?"}, {"start": "00:07:13", "end": "00:07:17", "text": "Obviously, you got war, you've got"}, {"start": "00:07:14", "end": "00:07:19", "text": "energy price, you've got uh education,"}, {"start": "00:07:17", "end": "00:07:19", "text": "insurance costs, healthcare. It doesn't"}, {"start": "00:07:19", "end": "00:07:22", "text": "really do much."}, {"start": "00:07:19", "end": "00:07:24", "text": ">> Do you think that a hike would be then"}, {"start": "00:07:22", "end": "00:07:26", "text": "more about credibility?"}, {"start": "00:07:24", "end": "00:07:27", "text": ">> So, I mean, I think the narrative in the"}, {"start": "00:07:26", "end": "00:07:30", "text": "marketplace, the Fed has to go for"}, {"start": "00:07:27", "end": "00:07:32", "text": "credibility. As long as you have you lay"}, {"start": "00:07:30", "end": "00:07:33", "text": "out what the metrics are you utilizing"}, {"start": "00:07:32", "end": "00:07:35", "text": "to determine where rates are going to go"}, {"start": "00:07:33", "end": "00:07:37", "text": "from here. As long as you're thoughtful"}, {"start": "00:07:35", "end": "00:07:40", "text": "about these task forces, what are these"}, {"start": "00:07:37", "end": "00:07:41", "text": "complex issues today? I said I think"}, {"start": "00:07:40", "end": "00:07:42", "text": "people are pretty harsh."}, {"start": "00:07:41", "end": "00:07:45", "text": ">> You think it's one and done?"}, {"start": "00:07:42", "end": "00:07:47", "text": ">> Part of why it is in my mind just hiking"}, {"start": "00:07:45", "end": "00:07:49", "text": "25 bases doesn't do anything. If you're"}, {"start": "00:07:47", "end": "00:07:50", "text": "going to hike and you want to make a"}, {"start": "00:07:49", "end": "00:07:52", "text": "difference, you got to go more. The"}, {"start": "00:07:50", "end": "00:07:53", "text": "problem is the pressure you'd put on"}, {"start": "00:07:52", "end": "00:07:56", "text": "most of the country to do that doesn't"}, {"start": "00:07:53", "end": "00:07:58", "text": "in my mind doesn't make any sense."}, {"start": "00:07:56", "end": "00:08:00", "text": "All right. So, some very big statements"}, {"start": "00:07:58", "end": "00:08:01", "text": "there by reader. Um, and this is a"}, {"start": "00:08:00", "end": "00:08:03", "text": "former black rock. He unders black"}, {"start": "00:08:01", "end": "00:08:05", "text": "rockck eye. He understands where this is"}, {"start": "00:08:03", "end": "00:08:08", "text": "heading. And I think he is right about"}, {"start": "00:08:05", "end": "00:08:10", "text": "the 25 basis points is that this is kind"}, {"start": "00:08:08", "end": "00:08:12", "text": "of insignificant unless there is a"}, {"start": "00:08:10", "end": "00:08:16", "text": "grander plan. If the grander plan is to"}, {"start": "00:08:12", "end": "00:08:18", "text": "truly try to thwart off what could be"}, {"start": "00:08:16", "end": "00:08:21", "text": "coming at us, which is even more"}, {"start": "00:08:18", "end": "00:08:23", "text": "inflation, maybe Wars is actually trying"}, {"start": "00:08:21", "end": "00:08:25", "text": "to get ahead of this. I don't know that"}, {"start": "00:08:23", "end": "00:08:27", "text": "that is the case right now based on what"}, {"start": "00:08:25", "end": "00:08:29", "text": "we're seeing other than the inflationary"}, {"start": "00:08:27", "end": "00:08:31", "text": "triggers that we showed to you guys just"}, {"start": "00:08:29", "end": "00:08:34", "text": "a little bit ago. But I think the point"}, {"start": "00:08:31", "end": "00:08:36", "text": "that readers getting at is that 75 basis"}, {"start": "00:08:34", "end": "00:08:38", "text": "points may be the target zone through"}, {"start": "00:08:36", "end": "00:08:41", "text": "the end of this year. This could put a"}, {"start": "00:08:38", "end": "00:08:42", "text": "lot of pressure I I think on the US"}, {"start": "00:08:41", "end": "00:08:44", "text": "economy, but it also could put a lot of"}, {"start": "00:08:42", "end": "00:08:47", "text": "pressure globally because you're going"}, {"start": "00:08:44", "end": "00:08:49", "text": "to have central banks around the world"}, {"start": "00:08:47", "end": "00:08:51", "text": "looking at what happens here in the US"}, {"start": "00:08:49", "end": "00:08:54", "text": "and starting to play this out. And many"}, {"start": "00:08:51", "end": "00:08:56", "text": "of these countries have been in very"}, {"start": "00:08:54", "end": "00:08:58", "text": "dire straits in terms of their economy"}, {"start": "00:08:56", "end": "00:09:00", "text": "for quite a while. So this shifts the"}, {"start": "00:08:58", "end": "00:09:02", "text": "tables a little bit. I want to go to"}, {"start": "00:09:00", "end": "00:09:05", "text": "another actually before we go to Tom Lee"}, {"start": "00:09:02", "end": "00:09:07", "text": "and we will get to the uh to the press"}, {"start": "00:09:05", "end": "00:09:08", "text": "conference here in just a second. We'll"}, {"start": "00:09:07", "end": "00:09:11", "text": "go back and check on that. But the Fed"}, {"start": "00:09:08", "end": "00:09:14", "text": "dot plot uh this could signal the other"}, {"start": "00:09:11", "end": "00:09:15", "text": "2026 hike that could be incoming. Right"}, {"start": "00:09:14", "end": "00:09:19", "text": "now the Fed's updated dot plot expected"}, {"start": "00:09:15", "end": "00:09:21", "text": "to show rates ending 2026 near 4.1. So"}, {"start": "00:09:19", "end": "00:09:23", "text": "that's the point when you look at this"}, {"start": "00:09:21", "end": "00:09:25", "text": "on the anticipated which is what"}, {"start": "00:09:23", "end": "00:09:28", "text": "happened on the 25 basis points. The"}, {"start": "00:09:25", "end": "00:09:30", "text": "bigger question is the 2027 numbers and"}, {"start": "00:09:28", "end": "00:09:33", "text": "projections may still signal an eventual"}, {"start": "00:09:30", "end": "00:09:36", "text": "rate cuts even after a near-term"}, {"start": "00:09:33", "end": "00:09:39", "text": "tightening. So this is going to be a"}, {"start": "00:09:36", "end": "00:09:42", "text": "very very tight rope to walk for Kevin"}, {"start": "00:09:39", "end": "00:09:43", "text": "Walsh and how the Fed plays this out"}, {"start": "00:09:42", "end": "00:09:46", "text": "through the end of the year. And"}, {"start": "00:09:43", "end": "00:09:49", "text": "remember this is going in to midterms."}, {"start": "00:09:46", "end": "00:09:52", "text": "So, think about that. The impact that"}, {"start": "00:09:49", "end": "00:09:54", "text": "this is going to have on Donald Trump"}, {"start": "00:09:52", "end": "00:09:56", "text": "and the midterms, I think, is pretty"}, {"start": "00:09:54", "end": "00:09:58", "text": "significant as the um the Fed goes in"}, {"start": "00:09:56", "end": "00:10:00", "text": "with a rate hike going in. I want to go"}, {"start": "00:09:58", "end": "00:10:02", "text": "to a clip real quick. This is Tom Lee"}, {"start": "00:10:00", "end": "00:10:04", "text": "talking about how this could actually"}, {"start": "00:10:02", "end": "00:10:05", "text": "spark a rally. Take a look."}, {"start": "00:10:04", "end": "00:10:07", "text": ">> And part of it is expectations. You"}, {"start": "00:10:05", "end": "00:10:09", "text": "know, the market's been anticipating and"}, {"start": "00:10:07", "end": "00:10:12", "text": "sitting on the sidelines because of a"}, {"start": "00:10:09", "end": "00:10:14", "text": "hike. Um I think it does take out future"}, {"start": "00:10:12", "end": "00:10:16", "text": "hikes. So, that's yields falling."}, {"start": "00:10:14", "end": "00:10:18", "text": "There's a lot of pessimism already and"}, {"start": "00:10:16", "end": "00:10:20", "text": "people have to keep in mind 25 basis"}, {"start": "00:10:18", "end": "00:10:22", "text": "points really doesn't hurt the stock"}, {"start": "00:10:20", "end": "00:10:25", "text": "market but we have a ton of cash on the"}, {"start": "00:10:22", "end": "00:10:26", "text": "sidelines and we've been down many days"}, {"start": "00:10:25", "end": "00:10:28", "text": "in a row. So I I think it could be a"}, {"start": "00:10:26", "end": "00:10:30", "text": "very big rally that starts"}, {"start": "00:10:28", "end": "00:10:31", "text": ">> but we haven't had the big pullback that"}, {"start": "00:10:30", "end": "00:10:34", "text": "you've told our viewers you still"}, {"start": "00:10:31", "end": "00:10:36", "text": "thought was coming and could be Fed"}, {"start": "00:10:34", "end": "00:10:36", "text": "induced. So how do you square all of"}, {"start": "00:10:36", "end": "00:10:38", "text": "this?"}, {"start": "00:10:36", "end": "00:10:40", "text": ">> Well the the factors that make us think"}, {"start": "00:10:38", "end": "00:10:42", "text": "a big pullback's coming are still in"}, {"start": "00:10:40", "end": "00:10:44", "text": "place. you know, market test the Fed,"}, {"start": "00:10:42", "end": "00:10:48", "text": "margin debt, IPOs,"}, {"start": "00:10:44", "end": "00:10:50", "text": "uh, leverage, but there's pessimism"}, {"start": "00:10:48", "end": "00:10:52", "text": "today, and I don't think markets peak on"}, {"start": "00:10:50", "end": "00:10:55", "text": "pessimism. So, I think that we still"}, {"start": "00:10:52", "end": "00:10:56", "text": "have a a substantial rally into the end"}, {"start": "00:10:55", "end": "00:10:58", "text": "of the month."}, {"start": "00:10:56", "end": "00:11:01", "text": ">> All right, so Tom Lee pushing back on"}, {"start": "00:10:58", "end": "00:11:04", "text": "this again to an end of rally or end of"}, {"start": "00:11:01", "end": "00:11:05", "text": "month rally playing into this market"}, {"start": "00:11:04", "end": "00:11:08", "text": "taking another dive here on the"}, {"start": "00:11:05", "end": "00:11:11", "text": "fiveminute chart as we look at around"}, {"start": "00:11:08", "end": "00:11:14", "text": "7,600. if we dip into the 75 that's"}, {"start": "00:11:11", "end": "00:11:16", "text": "going to be similar to yesterday. Um so"}, {"start": "00:11:14", "end": "00:11:19", "text": "I think the the point that he gets at is"}, {"start": "00:11:16", "end": "00:11:21", "text": "twofold. One, what are some of the"}, {"start": "00:11:19", "end": "00:11:23", "text": "catalysts that could come from the"}, {"start": "00:11:21", "end": "00:11:26", "text": "presser today? Uh because there are some"}, {"start": "00:11:23", "end": "00:11:29", "text": "things that Worsh will most likely say"}, {"start": "00:11:26", "end": "00:11:30", "text": "that will set the market up and that's"}, {"start": "00:11:29", "end": "00:11:33", "text": "the key thing that you need to be"}, {"start": "00:11:30", "end": "00:11:36", "text": "listening for today as we will go live"}, {"start": "00:11:33", "end": "00:11:38", "text": "when he comes to the podium. And the"}, {"start": "00:11:36", "end": "00:11:41", "text": "reason this is so important is because"}, {"start": "00:11:38", "end": "00:11:44", "text": "this will play into a very critical part"}, {"start": "00:11:41", "end": "00:11:47", "text": "of this economy going up to the next"}, {"start": "00:11:44", "end": "00:11:48", "text": "FOMC meeting. Uh the next two steps I"}, {"start": "00:11:47", "end": "00:11:50", "text": "think are the most critical. The third"}, {"start": "00:11:48", "end": "00:11:53", "text": "one, I think, would be actually a little"}, {"start": "00:11:50", "end": "00:11:55", "text": "bit of a long and an out probably"}, {"start": "00:11:53", "end": "00:11:57", "text": "outside possibility of a third rate"}, {"start": "00:11:55", "end": "00:12:00", "text": "hike, but a a secondary. Now that"}, {"start": "00:11:57", "end": "00:12:02", "text": "they've got their teeth into a rate hike"}, {"start": "00:12:00", "end": "00:12:05", "text": "and they understand what this may do in"}, {"start": "00:12:02", "end": "00:12:07", "text": "terms of looking at inflation, starting"}, {"start": "00:12:05", "end": "00:12:09", "text": "to play into the market, this could push"}, {"start": "00:12:07", "end": "00:12:11", "text": "them uh onto more of a strategy that"}, {"start": "00:12:09", "end": "00:12:13", "text": "would go in this direction. So, that's"}, {"start": "00:12:11", "end": "00:12:15", "text": "what I'm watching for today. So, I'm"}, {"start": "00:12:13", "end": "00:12:18", "text": "going to be very close in terms of the"}, {"start": "00:12:15", "end": "00:12:21", "text": "way that he's presenting this hike. That"}, {"start": "00:12:18", "end": "00:12:23", "text": "is what you need to listen to closely."}, {"start": "00:12:21", "end": "00:12:25", "text": "The press score is probably going to go"}, {"start": "00:12:23", "end": "00:12:28", "text": "nuts on questions because this does"}, {"start": "00:12:25", "end": "00:12:31", "text": "begin potentially a rate hike se season."}, {"start": "00:12:28", "end": "00:12:33", "text": "JP Morgan right now maps the Fed day"}, {"start": "00:12:31", "end": "00:12:35", "text": "out. Stocks could swing 2%. That would"}, {"start": "00:12:33", "end": "00:12:37", "text": "be a big deal. Uh here in a second,"}, {"start": "00:12:35", "end": "00:12:39", "text": "Kevin Worsh will be coming on. uh a"}, {"start": "00:12:37", "end": "00:12:43", "text": "standard rate hike with limited guidance"}, {"start": "00:12:39", "end": "00:12:44", "text": "could lift the S&P a quarter uh to 75"}, {"start": "00:12:43", "end": "00:12:46", "text": "while a hike paired with a stronger"}, {"start": "00:12:44", "end": "00:12:49", "text": "inflation fighting signal, this is the"}, {"start": "00:12:46", "end": "00:12:52", "text": "key, a stronger inflation fighting"}, {"start": "00:12:49", "end": "00:12:55", "text": "signal that the Fed is trying to do."}, {"start": "00:12:52", "end": "00:12:58", "text": "Again, I'm in the position that the Fed"}, {"start": "00:12:55", "end": "00:12:59", "text": "may not have a chance here in terms of"}, {"start": "00:12:58", "end": "00:13:01", "text": "trying to beat inflation. Listen,"}, {"start": "00:12:59", "end": "00:13:03", "text": "they've been trying to beat inflation"}, {"start": "00:13:01", "end": "00:13:05", "text": "for 5 years. If you look back even in"}, {"start": "00:13:03", "end": "00:13:08", "text": "the pre-war"}, {"start": "00:13:05", "end": "00:13:11", "text": "dominance and go into chair pal and the"}, {"start": "00:13:08", "end": "00:13:13", "text": "amount of of you know strategies that"}, {"start": "00:13:11", "end": "00:13:15", "text": "were implemented by the Fed, it still"}, {"start": "00:13:13", "end": "00:13:18", "text": "has not been able to get us to the 2%"}, {"start": "00:13:15", "end": "00:13:20", "text": "target and that may not come this decade"}, {"start": "00:13:18", "end": "00:13:22", "text": "all the way into 2030. So a lot heading"}, {"start": "00:13:20", "end": "00:13:28", "text": "into it. Looks like here he comes right"}, {"start": "00:13:22", "end": "00:13:28", "text": "now. So we'll cut to Kevin Walsh live."}, {"start": "00:13:28", "end": "00:13:33", "text": ">> Good day."}, {"start": "00:13:30", "end": "00:13:35", "text": "The meeting just concluded. The FOMC"}, {"start": "00:13:33", "end": "00:13:38", "text": "decided to raise the range for the"}, {"start": "00:13:35", "end": "00:13:42", "text": "federal funds rate by a quarter of a"}, {"start": "00:13:38", "end": "00:13:42", "text": "percentage point to"}, {"start": "00:13:46", "end": "00:13:52", "text": "policy of maintaining ample reserves in"}, {"start": "00:13:49", "end": "00:13:54", "text": "the banking system. As noted in the"}, {"start": "00:13:52", "end": "00:13:56", "text": "statement released just a short while"}, {"start": "00:13:54", "end": "00:13:59", "text": "ago,"}, {"start": "00:13:56", "end": "00:14:02", "text": "is expanding at a pace. While"}, {"start": "00:13:59", "end": "00:14:06", "text": "uncertainty remains elevated"}, {"start": "00:14:02", "end": "00:14:06", "text": "part to geopolitical developments,"}, {"start": "00:14:08", "end": "00:14:13", "text": "productivity growth struck and capital"}, {"start": "00:14:11", "end": "00:14:15", "text": "investment is"}, {"start": "00:14:13", "end": "00:14:18", "text": "job gains have kept pace with the"}, {"start": "00:14:15", "end": "00:14:20", "text": "workforce and the unemployment rate has"}, {"start": "00:14:18", "end": "00:14:25", "text": "changed. Little"}, {"start": "00:14:20", "end": "00:14:25", "text": "inflation remains elevated."}, {"start": "00:14:28", "end": "00:14:34", "text": "% goal. This committee will deliver"}, {"start": "00:14:31", "end": "00:14:37", "text": "price stability."}, {"start": "00:14:34", "end": "00:14:37", "text": "Now"}, {"start": "00:14:38", "end": "00:14:44", "text": "when the American economy appears to be"}, {"start": "00:14:41", "end": "00:14:46", "text": "strengthening"}, {"start": "00:14:44", "end": "00:14:49", "text": "private sector earns, business capital"}, {"start": "00:14:46", "end": "00:14:49", "text": "investment"}, {"start": "00:14:51", "end": "00:14:56", "text": "and is pointing in a good direction."}, {"start": "00:14:54", "end": "00:15:00", "text": "Credit flows have been robust,"}, {"start": "00:14:56", "end": "00:15:00", "text": "particularly for businesses."}, {"start": "00:15:00", "end": "00:15:04", "text": "Symposium in Jackson Hole."}, {"start": "00:15:17", "end": "00:15:22", "text": "ical of shocksy"}, {"start": "00:15:20", "end": "00:15:26", "text": "and you begin to appreciate the"}, {"start": "00:15:22", "end": "00:15:28", "text": "resilience of the US economy."}, {"start": "00:15:26", "end": "00:15:31", "text": "Given that resilience and the potential"}, {"start": "00:15:28", "end": "00:15:34", "text": "for even greater performance, an"}, {"start": "00:15:31", "end": "00:15:36", "text": "attitude of optimism is exactly what I"}, {"start": "00:15:34", "end": "00:15:38", "text": "heard inside the FOMC these last two"}, {"start": "00:15:36", "end": "00:15:40", "text": "days."}, {"start": "00:15:38", "end": "00:15:44", "text": "One basic sign of strength is the state"}, {"start": "00:15:40", "end": "00:15:44", "text": "of America's labor markets"}, {"start": "00:15:51", "end": "00:15:56", "text": "have been increased"}, {"start": "00:15:53", "end": "00:15:58", "text": "employment claims on a 4-week moving"}, {"start": "00:15:56", "end": "00:16:02", "text": "average are running at levels consistent"}, {"start": "00:15:58", "end": "00:16:02", "text": "with full employment"}, {"start": "00:16:02", "end": "00:16:05", "text": "congressional"}, {"start": "00:16:04", "end": "00:16:08", "text": "shape."}, {"start": "00:16:05", "end": "00:16:11", "text": "Yet for more than five years, inflation"}, {"start": "00:16:08", "end": "00:16:15", "text": "has been running above target. So our"}, {"start": "00:16:11", "end": "00:16:18", "text": "predominant focus is on the side of our"}, {"start": "00:16:15", "end": "00:16:21", "text": "mandate. The plain fact is that"}, {"start": "00:16:18", "end": "00:16:24", "text": "inflation is too high and has been for"}, {"start": "00:16:21", "end": "00:16:26", "text": "too long."}, {"start": "00:16:24", "end": "00:16:31", "text": "This summer's inflation readings do not"}, {"start": "00:16:26", "end": "00:16:33", "text": "tell me that underlying trends has"}, {"start": "00:16:31", "end": "00:16:36", "text": "based on the most recent CPI and PPI"}, {"start": "00:16:33", "end": "00:16:41", "text": "data. The 12-month change in total PCE"}, {"start": "00:16:36", "end": "00:16:47", "text": "prices likely was around 3.6% in August."}, {"start": "00:16:41", "end": "00:16:47", "text": "Core PCE and CPI prices running"}, {"start": "00:16:52", "end": "00:16:55", "text": "increase."}, {"start": "00:16:59", "end": "00:17:04", "text": "that overall commodity also bear"}, {"start": "00:17:02", "end": "00:17:07", "text": "watching and over the intermedating"}, {"start": "00:17:04", "end": "00:17:10", "text": "period the prices of many of these key"}, {"start": "00:17:07", "end": "00:17:12", "text": "inputs have risen."}, {"start": "00:17:10", "end": "00:17:14", "text": "Since my first FOMC meeting as chairman"}, {"start": "00:17:12", "end": "00:17:17", "text": "in June, my colleagues and I have been"}, {"start": "00:17:14", "end": "00:17:21", "text": "unequivocal in our commitment to price"}, {"start": "00:17:17", "end": "00:17:25", "text": "stability and to our 2% PCE inflation"}, {"start": "00:17:21", "end": "00:17:28", "text": "objective. At our July meeting, we all"}, {"start": "00:17:25", "end": "00:17:31", "text": "agreed that"}, {"start": "00:17:28", "end": "00:17:34", "text": "expressed our joint readiness to act as"}, {"start": "00:17:31", "end": "00:17:37", "text": "circumstances might require and a good"}, {"start": "00:17:34", "end": "00:17:37", "text": "majority of my"}, {"start": "00:17:42", "end": "00:17:47", "text": "last month in Wyoming. I expressed my"}, {"start": "00:17:45", "end": "00:17:51", "text": "commitment to a monetary policy"}, {"start": "00:17:47", "end": "00:17:54", "text": "discipline, not to a decision. I define"}, {"start": "00:17:51", "end": "00:17:57", "text": "the standard for action. We must be"}, {"start": "00:17:54", "end": "00:18:00", "text": "confident that underlying inflation is"}, {"start": "00:17:57", "end": "00:18:03", "text": "moving to our objective clearly and at"}, {"start": "00:18:00", "end": "00:18:03", "text": "sufficient"}, {"start": "00:18:14", "end": "00:18:18", "text": "timelier basis."}, {"start": "00:18:16", "end": "00:18:20", "text": "We aim to ensure that credit and"}, {"start": "00:18:18", "end": "00:18:23", "text": "financial conditions are consistent over"}, {"start": "00:18:20", "end": "00:18:26", "text": "time with our mandate. That relative"}, {"start": "00:18:23", "end": "00:18:30", "text": "price changes in some sectors of the"}, {"start": "00:18:26", "end": "00:18:33", "text": "economy do not broaden. That inflation"}, {"start": "00:18:30", "end": "00:18:35", "text": "compensation in market prices stays low"}, {"start": "00:18:33", "end": "00:18:37", "text": "and that inflation expectations remain"}, {"start": "00:18:35", "end": "00:18:39", "text": "well anchored."}, {"start": "00:18:37", "end": "00:18:42", "text": "This afternoon you also received the"}, {"start": "00:18:39", "end": "00:18:45", "text": "summary of economic projections."}, {"start": "00:18:42", "end": "00:18:45", "text": "It reflects the views"}, {"start": "00:18:46", "end": "00:18:52", "text": "projection of my own. But like in June,"}, {"start": "00:18:50", "end": "00:18:55", "text": "I would faithfully discharge the summary"}, {"start": "00:18:52", "end": "00:18:57", "text": "of their projection. So here"}, {"start": "00:18:55", "end": "00:19:01", "text": "in the summary's median projections,"}, {"start": "00:18:57", "end": "00:19:05", "text": "real GDP rises at 2.3% this year, 2.4%"}, {"start": "00:19:01", "end": "00:19:09", "text": "next year. Total PC inflation runs at"}, {"start": "00:19:05", "end": "00:19:12", "text": "3.7% this year and falls to 2.3% next"}, {"start": "00:19:09", "end": "00:19:14", "text": "year. The unemployment rate holds steady"}, {"start": "00:19:12", "end": "00:19:17", "text": "at about 4.1%."}, {"start": "00:19:14", "end": "00:19:22", "text": "The median participant judges that the"}, {"start": "00:19:17", "end": "00:19:22", "text": "appropriate federal funds rate to be.1%"}, {"start": "00:19:27", "end": "00:19:34", "text": "while labor risks are roughly balanced."}, {"start": "00:19:31", "end": "00:19:37", "text": "In my meetings these last few weeks in"}, {"start": "00:19:34", "end": "00:19:40", "text": "Jackson Hole, in Asheville at the G20"}, {"start": "00:19:37", "end": "00:19:43", "text": "meeting which the USD and at a central"}, {"start": "00:19:40", "end": "00:19:46", "text": "bank conference in Basil, it was evident"}, {"start": "00:19:43", "end": "00:19:49", "text": "that most advanced economies are facing"}, {"start": "00:19:46", "end": "00:19:52", "text": "price pressures. Their central banks are"}, {"start": "00:19:49", "end": "00:19:54", "text": "making their own judgments consistent"}, {"start": "00:19:52", "end": "00:19:56", "text": "with their own remits."}, {"start": "00:19:54", "end": "00:20:00", "text": "Our decision today reflects our best"}, {"start": "00:19:56", "end": "00:20:04", "text": "judgment in service to our remitt."}, {"start": "00:20:00", "end": "00:20:04", "text": "The Fed has a role."}, {"start": "00:20:04", "end": "00:20:08", "text": "This America right now"}, {"start": "00:20:11", "end": "00:20:17", "text": "well off have the most to gain from a"}, {"start": "00:20:14", "end": "00:20:17", "text": "durable expansion."}, {"start": "00:20:26", "end": "00:20:30", "text": "ibility,"}, {"start": "00:20:28", "end": "00:20:32", "text": "thriving American economy that sets the"}, {"start": "00:20:30", "end": "00:20:36", "text": "standard for the world. And with that,"}, {"start": "00:20:32", "end": "00:20:36", "text": "I'll take a few of your questions."}, {"start": "00:20:40", "end": "00:20:46", "text": "Thank you for doing this. Um, I'm"}, {"start": "00:20:42", "end": "00:20:51", "text": "Richard Escobido with CBS. Um, let me"}, {"start": "00:20:46", "end": "00:20:51", "text": "navigate over to my questions. Um,"}, {"start": "00:20:53", "end": "00:20:56", "text": "how you"}, {"start": "00:20:57", "end": "00:21:01", "text": "can't necessarily address the energy"}, {"start": "00:20:58", "end": "00:21:02", "text": "supply side of inflationary pressures."}, {"start": "00:21:01", "end": "00:21:05", "text": "Yeah, it's a it's a it's a good"}, {"start": "00:21:02", "end": "00:21:08", "text": "question. Uh Richard, we cannot affect"}, {"start": "00:21:05", "end": "00:21:10", "text": "any individual price, whether it be oil"}, {"start": "00:21:08", "end": "00:21:13", "text": "prices, whether it bes at the grocery"}, {"start": "00:21:10", "end": "00:21:16", "text": "store, but what we can do and will do is"}, {"start": "00:21:13", "end": "00:21:19", "text": "ensure that any change in relative"}, {"start": "00:21:16", "end": "00:21:20", "text": "prices don't broaden out, don't have"}, {"start": "00:21:19", "end": "00:21:22", "text": "second and third order effects in the"}, {"start": "00:21:20", "end": "00:21:25", "text": "economy. That's what we're tasked to do"}, {"start": "00:21:22", "end": "00:21:25", "text": "and that's what we will do."}, {"start": "00:21:30", "end": "00:21:35", "text": "New York Times when the Fed starts"}, {"start": "00:21:32", "end": "00:21:37", "text": "raising rates it generally."}, {"start": "00:21:35", "end": "00:21:40", "text": "Is there anything different in today's"}, {"start": "00:21:37", "end": "00:21:42", "text": "assessment of the economic conditions"}, {"start": "00:21:40", "end": "00:21:44", "text": "that would suggest that the typical"}, {"start": "00:21:42", "end": "00:21:46", "text": "pattern does not apply? And I guess"}, {"start": "00:21:44", "end": "00:21:47", "text": "second to that, what impact do you"}, {"start": "00:21:46", "end": "00:21:49", "text": "expect higher rates to have at this"}, {"start": "00:21:47", "end": "00:21:51", "text": "juncture if the bulk of what is keeping"}, {"start": "00:21:49", "end": "00:21:52", "text": "inflation elevated is stemming from"}, {"start": "00:21:51", "end": "00:21:54", "text": "supply shocks? So, we're trying to get"}, {"start": "00:21:52", "end": "00:21:56", "text": "to more people. So, I get to cherry pick"}, {"start": "00:21:54", "end": "00:22:00", "text": "my preferred question from you, Colobby."}, {"start": "00:21:56", "end": "00:22:00", "text": "Um, this"}, {"start": "00:22:02", "end": "00:22:05", "text": "a"}, {"start": "00:22:07", "end": "00:22:11", "text": "one that we have been preparing for and"}, {"start": "00:22:09", "end": "00:22:17", "text": "thinking about in my 110 or 20 days"}, {"start": "00:22:11", "end": "00:22:17", "text": "here. Uh, you heard from other people"}, {"start": "00:22:22", "end": "00:22:27", "text": "I may"}, {"start": "00:22:25", "end": "00:22:29", "text": "discipline a set of principles I"}, {"start": "00:22:27", "end": "00:22:35", "text": "committed to look outside the window and"}, {"start": "00:22:29", "end": "00:22:35", "text": "see what I can observe. Uh that's what"}, {"start": "00:22:36", "end": "00:22:39", "text": ">> Edward"}, {"start": "00:22:39", "end": "00:22:42", "text": "chairman Edward"}, {"start": "00:22:43", "end": "00:22:50", "text": "chance of a rate hike today. you don't"}, {"start": "00:22:47", "end": "00:22:52", "text": "the markets. Was this a marketled rate"}, {"start": "00:22:50", "end": "00:22:53", "text": "hike and then with that the bond yields"}, {"start": "00:22:52", "end": "00:22:55", "text": "are going up? That's one of the"}, {"start": "00:22:53", "end": "00:22:57", "text": "indicators. Um is debt part of that"}, {"start": "00:22:55", "end": "00:23:00", "text": "issue?"}, {"start": "00:22:57", "end": "00:23:05", "text": ">> So um I've said this before, I'll repeat"}, {"start": "00:23:00", "end": "00:23:05", "text": "it. Uh the Fed has an enormous amount"}, {"start": "00:23:08", "end": "00:23:12", "text": "right between financial markets and the"}, {"start": "00:23:10", "end": "00:23:15", "text": "Fed is a balance that I've long thought"}, {"start": "00:23:12", "end": "00:23:17", "text": "could be better struck. We made this"}, {"start": "00:23:15", "end": "00:23:19", "text": "decision today based on our assessment"}, {"start": "00:23:17", "end": "00:23:23", "text": "of the situation based on our assessment"}, {"start": "00:23:19", "end": "00:23:25", "text": "of uh the trajectory for employ based on"}, {"start": "00:23:23", "end": "00:23:29", "text": "our judgment on the strength of the"}, {"start": "00:23:25", "end": "00:23:31", "text": "economy. Uh sometimes the market uh uh"}, {"start": "00:23:29", "end": "00:23:34", "text": "tries to prejudge our outcomes. I'll"}, {"start": "00:23:31", "end": "00:23:36", "text": "observe market prices and uh and see"}, {"start": "00:23:34", "end": "00:23:39", "text": "what they have to say, but today was our"}, {"start": "00:23:36", "end": "00:23:39", "text": "decision."}, {"start": "00:23:50", "end": "00:23:54", "text": "Thanks so much, Elizabeth Schelsey with"}, {"start": "00:23:52", "end": "00:23:55", "text": "ABC News. Big picture, I wonder if you"}, {"start": "00:23:54", "end": "00:23:57", "text": "could tell us just what will this move"}, {"start": "00:23:55", "end": "00:24:00", "text": "today actually do for American consumers"}, {"start": "00:23:57", "end": "00:24:02", "text": "and have to ask uh what is your message"}, {"start": "00:24:00", "end": "00:24:04", "text": "here to President Trump who has"}, {"start": "00:24:02", "end": "00:24:05", "text": "repeatedly called to cut interest rates,"}, {"start": "00:24:04", "end": "00:24:10", "text": "not raise them?"}, {"start": "00:24:05", "end": "00:24:13", "text": "um four years on a discussion with the"}, {"start": "00:24:10", "end": "00:24:13", "text": "president."}, {"start": "00:24:17", "end": "00:24:22", "text": "The least well off are the ones who have"}, {"start": "00:24:20", "end": "00:24:25", "text": "the most to gain from stable prices."}, {"start": "00:24:22", "end": "00:24:27", "text": "Decision we made today was the right"}, {"start": "00:24:25", "end": "00:24:29", "text": "decision to deliver on the remmit that"}, {"start": "00:24:27", "end": "00:24:32", "text": "Congress gave us to ensure stable"}, {"start": "00:24:29", "end": "00:24:35", "text": "prices. Moreover, I would say because of"}, {"start": "00:24:32", "end": "00:24:39", "text": "the underlying strength of the economy"}, {"start": "00:24:35", "end": "00:24:42", "text": "because we are as I mentioned lar"}, {"start": "00:24:39", "end": "00:24:42", "text": "with full"}, {"start": "00:24:45", "end": "00:24:48", "text": "stable prices."}, {"start": "00:24:53", "end": "00:24:57", "text": ">> Hi, how are you? Uh, thank you. Um can"}, {"start": "00:24:56", "end": "00:25:00", "text": "you tell us a little more about what"}, {"start": "00:24:57", "end": "00:25:03", "text": "changed from the July meeting uh when as"}, {"start": "00:25:00", "end": "00:25:05", "text": "you noted the Fed did stand pat until"}, {"start": "00:25:03", "end": "00:25:07", "text": "today and as part of that could you give"}, {"start": "00:25:05", "end": "00:25:10", "text": "us uh a sense of whether or not things"}, {"start": "00:25:07", "end": "00:25:13", "text": "like the retail sales report today uh"}, {"start": "00:25:10", "end": "00:25:13", "text": "suggest"}, {"start": "00:25:13", "end": "00:25:17", "text": "higher prices as well"}, {"start": "00:25:18", "end": "00:25:23", "text": "dependent guy um so I won't I won't"}, {"start": "00:25:21", "end": "00:25:26", "text": "react one way or another to data that"}, {"start": "00:25:23", "end": "00:25:28", "text": "that shows up on on our doorstep step."}, {"start": "00:25:26", "end": "00:25:30", "text": "But on your first question, I think the"}, {"start": "00:25:28", "end": "00:25:32", "text": "more important one, what transpired in"}, {"start": "00:25:30", "end": "00:25:34", "text": "the seven weeks since we last met."}, {"start": "00:25:32", "end": "00:25:36", "text": "First, I would say a good majority of my"}, {"start": "00:25:34", "end": "00:25:38", "text": "colleagues seven weeks ago thought seven"}, {"start": "00:25:36", "end": "00:25:40", "text": "weeks is a good investment. It's a way"}, {"start": "00:25:38", "end": "00:25:42", "text": "to buy time so we can make a wise"}, {"start": "00:25:40", "end": "00:25:46", "text": "decision. I'll highlight three things"}, {"start": "00:25:42", "end": "00:25:46", "text": "that have happened in meeting"}, {"start": "00:25:49", "end": "00:25:52", "text": "the econ"}, {"start": "00:25:55", "end": "00:26:03", "text": "has strengthened. You might have heard"}, {"start": "00:25:57", "end": "00:26:06", "text": "Jackson Hall of go it's a judge"}, {"start": "00:26:03", "end": "00:26:06", "text": "uh"}, {"start": "00:26:07", "end": "00:26:12", "text": "trends matter. I said in Jackson Hole,"}, {"start": "00:26:10", "end": "00:26:15", "text": "we need to look outside the window and"}, {"start": "00:26:12", "end": "00:26:15", "text": "interrogate reality"}, {"start": "00:26:19", "end": "00:26:26", "text": "passing the test. I've seen sense that"}, {"start": "00:26:23", "end": "00:26:30", "text": "would make me"}, {"start": "00:26:26", "end": "00:26:30", "text": "third thing that's changed"}, {"start": "00:26:31", "end": "00:26:36", "text": "hotspots around the world and uh our"}, {"start": "00:26:34", "end": "00:26:41", "text": "judgment about what is the most likely"}, {"start": "00:26:36", "end": "00:26:41", "text": "or least likely of the geopolitical"}, {"start": "00:26:42", "end": "00:26:46", "text": "ourselves to a firm unanimous decision"}, {"start": "00:26:45", "end": "00:26:49", "text": "today."}, {"start": "00:26:46", "end": "00:26:49", "text": ">> Clear."}, {"start": "00:26:50", "end": "00:26:56", "text": "Claire Jones, Financial Times. Um, you"}, {"start": "00:26:54", "end": "00:26:58", "text": "said today's decision removes a dose of"}, {"start": "00:26:56", "end": "00:27:00", "text": "accommodation."}, {"start": "00:26:58", "end": "00:27:05", "text": "Your view and"}, {"start": "00:27:00", "end": "00:27:07", "text": "views around the table to are in a level"}, {"start": "00:27:05", "end": "00:27:09", "text": "that"}, {"start": "00:27:07", "end": "00:27:11", "text": "or not? Thank you."}, {"start": "00:27:09", "end": "00:27:13", "text": ">> Uh,"}, {"start": "00:27:11", "end": "00:27:15", "text": "I've described previously I found it"}, {"start": "00:27:13", "end": "00:27:19", "text": "difficult to describe financial"}, {"start": "00:27:15", "end": "00:27:21", "text": "conditions as restrictive. I think I"}, {"start": "00:27:19", "end": "00:27:23", "text": "What I heard around the table in the"}, {"start": "00:27:21", "end": "00:27:26", "text": "last couple of days is my colleagues"}, {"start": "00:27:23", "end": "00:27:31", "text": "were hard to describe it that way too."}, {"start": "00:27:26", "end": "00:27:35", "text": "Um we removed a dose of accommodation."}, {"start": "00:27:31", "end": "00:27:35", "text": "So that financial"}, {"start": "00:27:37", "end": "00:27:41", "text": "that was our"}, {"start": "00:27:47", "end": "00:27:50", "text": ">> Thank you, Mr. Chairman. Steve Leman,"}, {"start": "00:27:48", "end": "00:27:53", "text": "CNBC. I want to follow up on that"}, {"start": "00:27:50", "end": "00:27:55", "text": "question. Um, previously"}, {"start": "00:27:53", "end": "00:27:58", "text": "most Fed officials had described the"}, {"start": "00:27:55", "end": "00:28:00", "text": "rate as modestly restrictive and if you"}, {"start": "00:27:58", "end": "00:28:03", "text": "removed accommodation, could you give us"}, {"start": "00:28:00", "end": "00:28:06", "text": "your sense of where the Fed funds rate"}, {"start": "00:28:03", "end": "00:28:09", "text": "is relative to neutral and some detail"}, {"start": "00:28:06", "end": "00:28:10", "text": "if you wouldn't mind on your sense of is"}, {"start": "00:28:09", "end": "00:28:12", "text": "there a short-term neutral rate you're"}, {"start": "00:28:10", "end": "00:28:13", "text": "aiming for and a longerterm neutral"}, {"start": "00:28:12", "end": "00:28:17", "text": "rate. Do you think in terms of those?"}, {"start": "00:28:13", "end": "00:28:21", "text": ">> Uh, in a word, no. Um, in a few words,"}, {"start": "00:28:17", "end": "00:28:23", "text": "I'd say this. Um, I've always been"}, {"start": "00:28:21", "end": "00:28:25", "text": "interested in a neutral rate as an"}, {"start": "00:28:23", "end": "00:28:27", "text": "academic matter. Back when I learned"}, {"start": "00:28:25", "end": "00:28:30", "text": "economics, we used to think of it as a"}, {"start": "00:28:27", "end": "00:28:34", "text": "Wixelian rate. It's a real equilibrium"}, {"start": "00:28:30", "end": "00:28:36", "text": "rate. Um, it's useful academically. It's"}, {"start": "00:28:34", "end": "00:28:38", "text": "a it's a discussion help us think about"}, {"start": "00:28:36", "end": "00:28:41", "text": "policy. Do I think it has any"}, {"start": "00:28:38", "end": "00:28:45", "text": "operational effect on decisions that we"}, {"start": "00:28:41", "end": "00:28:45", "text": "make today? No, I don't."}, {"start": "00:28:46", "end": "00:28:51", "text": "Victoria."}, {"start": "00:28:48", "end": "00:28:52", "text": ">> Um, hi Victoria Aguido with Politico. I"}, {"start": "00:28:51", "end": "00:28:54", "text": "wanted to ask, you've talked about how"}, {"start": "00:28:52", "end": "00:28:56", "text": "you don't like data dependence,"}, {"start": "00:28:54", "end": "00:28:59", "text": "including today. Um, but heading into"}, {"start": "00:28:56", "end": "00:29:02", "text": "this meeting, there was a ton of focus"}, {"start": "00:28:59", "end": "00:29:03", "text": "on the August CPI and I'm wondering if"}, {"start": "00:29:02", "end": "00:29:05", "text": "you think that um that was appropriate"}, {"start": "00:29:03", "end": "00:29:07", "text": "on the part of markets or if you have"}, {"start": "00:29:05", "end": "00:29:10", "text": "learned anything about how you might"}, {"start": "00:29:07", "end": "00:29:14", "text": "approach communications going forward."}, {"start": "00:29:10", "end": "00:29:16", "text": "Um so market participants and reporters"}, {"start": "00:29:14", "end": "00:29:20", "text": "I think generally over the course of the"}, {"start": "00:29:16", "end": "00:29:23", "text": "last decade or so have grown accustomed"}, {"start": "00:29:20", "end": "00:29:27", "text": "to waiting somewhat breathlessly on a"}, {"start": "00:29:23", "end": "00:29:30", "text": "data point. Um that isn't my view. Um I"}, {"start": "00:29:27", "end": "00:29:31", "text": "was not waiting breathlessly on what any"}, {"start": "00:29:30", "end": "00:29:34", "text": "particular data was whether it was"}, {"start": "00:29:31", "end": "00:29:37", "text": "retail sales this morning or a CPI print"}, {"start": "00:29:34", "end": "00:29:41", "text": "last week. Um I'll just reiterate trends"}, {"start": "00:29:37", "end": "00:29:44", "text": "matter. Data points are noisy. Data"}, {"start": "00:29:41", "end": "00:29:46", "text": "point uh dependence is a dangerous"}, {"start": "00:29:44", "end": "00:29:49", "text": "preoccupation. It's not something uh"}, {"start": "00:29:46", "end": "00:29:52", "text": "that concerns me. Markets over time will"}, {"start": "00:29:49", "end": "00:29:54", "text": "come to understand how this Fed makes"}, {"start": "00:29:52", "end": "00:29:56", "text": "its decisions, what's relevant and not."}, {"start": "00:29:54", "end": "00:29:58", "text": "And I wouldn't want to editorialize that"}, {"start": "00:29:56", "end": "00:30:00", "text": "for them beyond it."}, {"start": "00:29:58", "end": "00:30:02", "text": ">> Zack."}, {"start": "00:30:00", "end": "00:30:03", "text": ">> Uh thanks for doing this, Mr. Chairman."}, {"start": "00:30:02", "end": "00:30:05", "text": "Zach Kalshack, the Washington Examiner."}, {"start": "00:30:03", "end": "00:30:07", "text": "Um I'm just curious. A couple weeks ago,"}, {"start": "00:30:05", "end": "00:30:08", "text": "the president uh sent out a message"}, {"start": "00:30:07", "end": "00:30:10", "text": "essentially threatening to cut off trade"}, {"start": "00:30:08", "end": "00:30:12", "text": "to certain countries unless rates were"}, {"start": "00:30:10", "end": "00:30:14", "text": "lowered. Obviously, an unanimous"}, {"start": "00:30:12", "end": "00:30:15", "text": "decision to do the opposite. What would"}, {"start": "00:30:14", "end": "00:30:17", "text": "you say to investors who sort of believe"}, {"start": "00:30:15", "end": "00:30:19", "text": "this is another test of the Fed's"}, {"start": "00:30:17", "end": "00:30:20", "text": "independence? And then kind of when was"}, {"start": "00:30:19", "end": "00:30:22", "text": "the last time you spoke with the"}, {"start": "00:30:20", "end": "00:30:24", "text": "president? Do you anticipate a post"}, {"start": "00:30:22", "end": "00:30:26", "text": "decision meeting or"}, {"start": "00:30:24", "end": "00:30:29", "text": "you gave me a long menu from which to"}, {"start": "00:30:26", "end": "00:30:31", "text": "choose? They're all very tempting. Um I"}, {"start": "00:30:29", "end": "00:30:34", "text": "don't have anything for you on on"}, {"start": "00:30:31", "end": "00:30:37", "text": "discussions with the president. Um, and"}, {"start": "00:30:34", "end": "00:30:39", "text": "I'm not a Wall Street newsletter. Um,"}, {"start": "00:30:37", "end": "00:30:42", "text": "part of the independence of the Federal"}, {"start": "00:30:39", "end": "00:30:45", "text": "Reserve is we stay in our lane."}, {"start": "00:30:42", "end": "00:30:46", "text": "Independence is a two-way street. We let"}, {"start": "00:30:45", "end": "00:30:49", "text": "people that do trade policy and fiscal"}, {"start": "00:30:46", "end": "00:30:51", "text": "policy stay in their lane, too. That's"}, {"start": "00:30:49", "end": "00:30:53", "text": "how we can stand up here and calm the"}, {"start": "00:30:51", "end": "00:30:56", "text": "way we see them."}, {"start": "00:30:53", "end": "00:30:56", "text": ">> Brian Chung."}, {"start": "00:30:57", "end": "00:31:00", "text": ">> Hi there, Brian Chung with NBC News. Uh"}, {"start": "00:30:58", "end": "00:31:02", "text": "just wondering if you could explain who"}, {"start": "00:31:00", "end": "00:31:04", "text": "is the least well-off and what does a"}, {"start": "00:31:02", "end": "00:31:05", "text": "rate hike do when those people might be"}, {"start": "00:31:04", "end": "00:31:08", "text": "pinched by higher mortgage rates, higher"}, {"start": "00:31:05", "end": "00:31:09", "text": "gas, higher grocery prices, and now"}, {"start": "00:31:08", "end": "00:31:12", "text": "broad higher rates."}, {"start": "00:31:09", "end": "00:31:15", "text": ">> Yeah. Um it's a fair question. In the"}, {"start": "00:31:12", "end": "00:31:18", "text": "macroeconomics, we tend to look at"}, {"start": "00:31:15", "end": "00:31:20", "text": "aggregates around here. Aggregate GDP,"}, {"start": "00:31:18", "end": "00:31:22", "text": "overall labor market trends, the state"}, {"start": "00:31:20", "end": "00:31:24", "text": "of inflation. A lot of people in"}, {"start": "00:31:22", "end": "00:31:26", "text": "Washington spend a lot of time on"}, {"start": "00:31:24", "end": "00:31:28", "text": "distributional consequences, and that's"}, {"start": "00:31:26", "end": "00:31:30", "text": "their job and their business. What I was"}, {"start": "00:31:28", "end": "00:31:32", "text": "referring to in the least welloff tend"}, {"start": "00:31:30", "end": "00:31:36", "text": "to be people that don't own financial"}, {"start": "00:31:32", "end": "00:31:38", "text": "assets. Call that a bit less than 50% of"}, {"start": "00:31:36", "end": "00:31:39", "text": "the country. They don't have equity in"}, {"start": "00:31:38", "end": "00:31:43", "text": "their home. They don't have equity in a"}, {"start": "00:31:39", "end": "00:31:45", "text": "401k plan. So they're living off their"}, {"start": "00:31:43", "end": "00:31:47", "text": "uh paycheck that comes every couple of"}, {"start": "00:31:45", "end": "00:31:49", "text": "weeks. The thing that we can do"}, {"start": "00:31:47", "end": "00:31:51", "text": "consistent with our mandate is two"}, {"start": "00:31:49", "end": "00:31:54", "text": "things. Ask ourselves is a country"}, {"start": "00:31:51", "end": "00:31:56", "text": "running more or less at full employment"}, {"start": "00:31:54", "end": "00:31:58", "text": "and we've done that. um that doesn't"}, {"start": "00:31:56", "end": "00:32:00", "text": "mean that individuals aren't searching"}, {"start": "00:31:58", "end": "00:32:01", "text": "for a job, but in aggregate, we're"}, {"start": "00:32:00", "end": "00:32:03", "text": "running more or less at full employment."}, {"start": "00:32:01", "end": "00:32:05", "text": "If so, we can then look at the other"}, {"start": "00:32:03", "end": "00:32:09", "text": "side of the our mandate and let that be"}, {"start": "00:32:05", "end": "00:32:11", "text": "our focus in stable prices, an"}, {"start": "00:32:09", "end": "00:32:14", "text": "environment where inflation is running"}, {"start": "00:32:11", "end": "00:32:16", "text": "consistent with our 2% objective offers"}, {"start": "00:32:14", "end": "00:32:17", "text": "good news because that way when they get"}, {"start": "00:32:16", "end": "00:32:20", "text": "their wages, they can put their head"}, {"start": "00:32:17", "end": "00:32:23", "text": "above water and deliver real take-home"}, {"start": "00:32:20", "end": "00:32:25", "text": "pay increases. We don't have total"}, {"start": "00:32:23", "end": "00:32:27", "text": "responsibility for it, but we do have"}, {"start": "00:32:25", "end": "00:32:29", "text": "responsibility for stable prices. As"}, {"start": "00:32:27", "end": "00:32:31", "text": "I've said before, inflation is an a cho"}, {"start": "00:32:29", "end": "00:32:33", "text": "is a choice and today we took a step in"}, {"start": "00:32:31", "end": "00:32:34", "text": "delivering it."}, {"start": "00:32:33", "end": "00:32:37", "text": ">> Miam."}, {"start": "00:32:34", "end": "00:32:37", "text": ">> Yes."}, {"start": "00:32:37", "end": "00:32:44", "text": ">> Yes. Sorry. M from France AFP. Are you"}, {"start": "00:32:41", "end": "00:32:45", "text": "looking at the other central banks and"}, {"start": "00:32:44", "end": "00:32:48", "text": "what do you think about the European"}, {"start": "00:32:45", "end": "00:32:51", "text": "central banks move? They hiked twice"}, {"start": "00:32:48", "end": "00:32:56", "text": "this year but not in a row. Thank you."}, {"start": "00:32:51", "end": "00:32:57", "text": "Um well uh I don't ask them to prejudge"}, {"start": "00:32:56", "end": "00:33:00", "text": "decisions that we're going to make. So I"}, {"start": "00:32:57", "end": "00:33:02", "text": "won't prejudge decisions that they make."}, {"start": "00:33:00", "end": "00:33:04", "text": "But I will say this. I've spent some"}, {"start": "00:33:02", "end": "00:33:06", "text": "time with uh foreign central bank"}, {"start": "00:33:04", "end": "00:33:08", "text": "counterparts not just in the last 20"}, {"start": "00:33:06", "end": "00:33:10", "text": "years but over the course of the last"}, {"start": "00:33:08", "end": "00:33:13", "text": "several weeks as I mentioned in Jackson"}, {"start": "00:33:10", "end": "00:33:16", "text": "Hole um at the G20 meeting we hosted in"}, {"start": "00:33:13", "end": "00:33:19", "text": "North Carolina and uh at a central bank"}, {"start": "00:33:16", "end": "00:33:21", "text": "meeting in Basil. What I heard around"}, {"start": "00:33:19", "end": "00:33:23", "text": "the table from most of the advanced"}, {"start": "00:33:21", "end": "00:33:26", "text": "economies is they're suffering from"}, {"start": "00:33:23", "end": "00:33:28", "text": "price pressures, too. They're making"}, {"start": "00:33:26", "end": "00:33:30", "text": "their own choices consistent with their"}, {"start": "00:33:28", "end": "00:33:33", "text": "remitt. Um, it tells me a couple things."}, {"start": "00:33:30", "end": "00:33:36", "text": "One is when the Federal Reserve makes a"}, {"start": "00:33:33", "end": "00:33:38", "text": "policy choice, uh, it matters not just"}, {"start": "00:33:36", "end": "00:33:40", "text": "to the US economy, but it spills over to"}, {"start": "00:33:38", "end": "00:33:42", "text": "the rest of the world. To a lesser"}, {"start": "00:33:40", "end": "00:33:44", "text": "extent, that's true for them, too. When"}, {"start": "00:33:42", "end": "00:33:45", "text": "foreign central banks make decisions"}, {"start": "00:33:44", "end": "00:33:48", "text": "where they're confronted with higher"}, {"start": "00:33:45", "end": "00:33:52", "text": "prices and they choose consistent with"}, {"start": "00:33:48", "end": "00:33:54", "text": "their remitt to uh raise rates, then"}, {"start": "00:33:52", "end": "00:33:55", "text": "they're helping to quash inflation in"}, {"start": "00:33:54", "end": "00:33:57", "text": "their countries and there spillovers and"}, {"start": "00:33:55", "end": "00:33:59", "text": "spill backs in both directions. Beyond"}, {"start": "00:33:57", "end": "00:34:01", "text": "that, I won't opine on what other"}, {"start": "00:33:59", "end": "00:34:02", "text": "central banks may choose to do this week"}, {"start": "00:34:01", "end": "00:34:06", "text": "or beyond."}, {"start": "00:34:02", "end": "00:34:06", "text": ">> Nick Timmer."}, {"start": "00:34:07", "end": "00:34:10", "text": ">> Thank you. Nick Timmeros of the Wall"}, {"start": "00:34:08", "end": "00:34:12", "text": "Street Journal. Chairman Walsh, last"}, {"start": "00:34:10", "end": "00:34:14", "text": "fall you expressed concern that the Fed"}, {"start": "00:34:12", "end": "00:34:16", "text": "was about to make its quote sixth or"}, {"start": "00:34:14", "end": "00:34:18", "text": "seventh big mistake by deciding the"}, {"start": "00:34:16", "end": "00:34:21", "text": "economy was too strong to justify lower"}, {"start": "00:34:18", "end": "00:34:24", "text": "rates. Now today you raised rates. Can"}, {"start": "00:34:21", "end": "00:34:26", "text": "you give some sense as to what changed"}, {"start": "00:34:24", "end": "00:34:28", "text": "your own assessment of the US economy"}, {"start": "00:34:26", "end": "00:34:30", "text": "between then and now?"}, {"start": "00:34:28", "end": "00:34:33", "text": ">> So I don't I don't remember the full"}, {"start": "00:34:30", "end": "00:34:37", "text": "context but I can tell you uh Nick about"}, {"start": "00:34:33", "end": "00:34:39", "text": "the state of growth now. My suspicion"}, {"start": "00:34:37", "end": "00:34:43", "text": "110 or 20 days ago when I showed up was"}, {"start": "00:34:39", "end": "00:34:45", "text": "that the US economy was strengthening"}, {"start": "00:34:43", "end": "00:34:48", "text": "even over the last several weeks. I"}, {"start": "00:34:45", "end": "00:34:50", "text": "think we now have data broadly defined"}, {"start": "00:34:48", "end": "00:34:54", "text": "that says the economy has indeed"}, {"start": "00:34:50", "end": "00:34:58", "text": "strengthened. Um underlying growth is"}, {"start": "00:34:54", "end": "00:35:00", "text": "higher. Uh inflation is the problem."}, {"start": "00:34:58", "end": "00:35:02", "text": "Stable prices have been the problem for"}, {"start": "00:35:00", "end": "00:35:04", "text": "now more than five and a half years. So"}, {"start": "00:35:02", "end": "00:35:06", "text": "what the committee decided to do today"}, {"start": "00:35:04", "end": "00:35:10", "text": "was take an action to ensure a timelier"}, {"start": "00:35:06", "end": "00:35:12", "text": "return to our price stability objective."}, {"start": "00:35:10", "end": "00:35:14", "text": "Price stability is foundational to"}, {"start": "00:35:12", "end": "00:35:16", "text": "economic growth and I think we took an"}, {"start": "00:35:14", "end": "00:35:18", "text": "important step today to deliver it and"}, {"start": "00:35:16", "end": "00:35:20", "text": "we did it in part by removing uh the"}, {"start": "00:35:18", "end": "00:35:23", "text": "dose of accommodation that I that I"}, {"start": "00:35:20", "end": "00:35:26", "text": "mentioned before."}, {"start": "00:35:23", "end": "00:35:26", "text": ">> Neil Irwin."}, {"start": "00:35:26", "end": "00:35:30", "text": ">> Thank you, Mr. Chairman. Uh Neil Irwin"}, {"start": "00:35:28", "end": "00:35:31", "text": "with Axios. Uh longerterm bond yields"}, {"start": "00:35:30", "end": "00:35:33", "text": "are up quite a bit over the last few"}, {"start": "00:35:31", "end": "00:35:34", "text": "months, especially the last few weeks."}, {"start": "00:35:33", "end": "00:35:36", "text": "What do you believe the bond market is"}, {"start": "00:35:34", "end": "00:35:37", "text": "telling you, especially about the growth"}, {"start": "00:35:36", "end": "00:35:39", "text": "outlook, the neutral rate, uh and what"}, {"start": "00:35:37", "end": "00:35:39", "text": "are the implications for monetary"}, {"start": "00:35:39", "end": "00:35:43", "text": "policy?"}, {"start": "00:35:39", "end": "00:35:45", "text": ">> Yeah. Um let me speak to the history,"}, {"start": "00:35:43", "end": "00:35:47", "text": "what bond market prices do"}, {"start": "00:35:45", "end": "00:35:50", "text": "prospectively. I want to let them do"}, {"start": "00:35:47", "end": "00:35:52", "text": "their I want to let them uh tell me any"}, {"start": "00:35:50", "end": "00:35:54", "text": "story they wish to. I want to try to"}, {"start": "00:35:52", "end": "00:35:57", "text": "interrogate that. But why did yields"}, {"start": "00:35:54", "end": "00:36:00", "text": "rise let's say since the last FOMC"}, {"start": "00:35:57", "end": "00:36:02", "text": "meeting till this? I'll give you three"}, {"start": "00:36:00", "end": "00:36:04", "text": "three reasons. But I would say these"}, {"start": "00:36:02", "end": "00:36:06", "text": "things tend to be overdetermined. This"}, {"start": "00:36:04", "end": "00:36:08", "text": "is a complicated set of things that are"}, {"start": "00:36:06", "end": "00:36:10", "text": "affecting the most important asset"}, {"start": "00:36:08", "end": "00:36:12", "text": "anywhere in the world, the 10-year"}, {"start": "00:36:10", "end": "00:36:14", "text": "Treasury. It's the risk-free asset upon"}, {"start": "00:36:12", "end": "00:36:18", "text": "which every price of virtually every"}, {"start": "00:36:14", "end": "00:36:20", "text": "asset in the world um is related to. So"}, {"start": "00:36:18", "end": "00:36:22", "text": "I'll say three things. First is economic"}, {"start": "00:36:20", "end": "00:36:25", "text": "strength. I think part of the reason why"}, {"start": "00:36:22", "end": "00:36:27", "text": "we've seen over the course of 2026"}, {"start": "00:36:25", "end": "00:36:29", "text": "long-term yields go up is the economy is"}, {"start": "00:36:27", "end": "00:36:32", "text": "strengthened."}, {"start": "00:36:29", "end": "00:36:36", "text": "Second reason, competition for capital."}, {"start": "00:36:32", "end": "00:36:39", "text": "Um the surge in capital expenditures"}, {"start": "00:36:36", "end": "00:36:41", "text": "which I referenced in my remarks is real"}, {"start": "00:36:39", "end": "00:36:44", "text": "and the so-called hyperscalers are out"}, {"start": "00:36:41", "end": "00:36:45", "text": "in the market raising funding and so the"}, {"start": "00:36:44", "end": "00:36:48", "text": "competition for capital is real and I"}, {"start": "00:36:45", "end": "00:36:52", "text": "think it partly explains the increase in"}, {"start": "00:36:48", "end": "00:36:54", "text": "yields. The third is geopolitics. Um the"}, {"start": "00:36:52", "end": "00:36:58", "text": "situation in hot spots around the world"}, {"start": "00:36:54", "end": "00:37:01", "text": "are driving long-term yields. Um it's"}, {"start": "00:36:58", "end": "00:37:04", "text": "not simply spot prices of energy or spot"}, {"start": "00:37:01", "end": "00:37:06", "text": "prices for corn or soybeans or wheat,"}, {"start": "00:37:04", "end": "00:37:09", "text": "but it's the difference between those"}, {"start": "00:37:06", "end": "00:37:11", "text": "spot prices and so-called crack spreads."}, {"start": "00:37:09", "end": "00:37:14", "text": "What that means for products that find"}, {"start": "00:37:11", "end": "00:37:16", "text": "their way into uh stores uh across the"}, {"start": "00:37:14", "end": "00:37:18", "text": "country. So I think those are the three"}, {"start": "00:37:16", "end": "00:37:20", "text": "leading explanations but certainly not"}, {"start": "00:37:18", "end": "00:37:22", "text": "an exclusive list."}, {"start": "00:37:20", "end": "00:37:24", "text": ">> Michael McKe"}, {"start": "00:37:22", "end": "00:37:27", "text": ">> Michael McKe from Bloomberg radio and"}, {"start": "00:37:24", "end": "00:37:30", "text": "television. Uh you said in Jackson Hole"}, {"start": "00:37:27", "end": "00:37:32", "text": "that you want to see inflation come down"}, {"start": "00:37:30", "end": "00:37:35", "text": "clearly and at sufficient speed which is"}, {"start": "00:37:32", "end": "00:37:36", "text": "a standard without necessarily a"}, {"start": "00:37:35", "end": "00:37:40", "text": "measurable threshold. And the reason I"}, {"start": "00:37:36", "end": "00:37:42", "text": "ask is because uh today you say today's"}, {"start": "00:37:40", "end": "00:37:44", "text": "policy action will support a timelier"}, {"start": "00:37:42", "end": "00:37:46", "text": "return to the committee's 2% target. And"}, {"start": "00:37:44", "end": "00:37:48", "text": "yet in the summary of economic"}, {"start": "00:37:46", "end": "00:37:52", "text": "projections, the median pushes the 2%"}, {"start": "00:37:48", "end": "00:37:54", "text": "target achievement out to 2029, another"}, {"start": "00:37:52", "end": "00:37:56", "text": "two years. And I'm wondering how you can"}, {"start": "00:37:54", "end": "00:37:58", "text": "square those two things."}, {"start": "00:37:56", "end": "00:38:02", "text": ">> Um, one easy way to square that, Mike,"}, {"start": "00:37:58", "end": "00:38:04", "text": "is those aren't my forecasts. Um, those"}, {"start": "00:38:02", "end": "00:38:06", "text": "are the forecasts of my 18 colleagues,"}, {"start": "00:38:04", "end": "00:38:09", "text": "and I tried to represent them dutifully"}, {"start": "00:38:06", "end": "00:38:11", "text": "to you. Um,"}, {"start": "00:38:09", "end": "00:38:14", "text": "my business is to not give forward"}, {"start": "00:38:11", "end": "00:38:18", "text": "guidance, but my commitment in June was"}, {"start": "00:38:14", "end": "00:38:20", "text": "to reaffirm to the American people, to"}, {"start": "00:38:18", "end": "00:38:22", "text": "anyone listening that we will deliver"}, {"start": "00:38:20", "end": "00:38:25", "text": "price stability. My commitment in July"}, {"start": "00:38:22", "end": "00:38:27", "text": "was to say we want to buy a little bit"}, {"start": "00:38:25", "end": "00:38:30", "text": "of time. We want to evaluate what's"}, {"start": "00:38:27", "end": "00:38:31", "text": "happening across a range of dimensions."}, {"start": "00:38:30", "end": "00:38:33", "text": "And what I said in Jackson Hole in"}, {"start": "00:38:31", "end": "00:38:35", "text": "August is we're committed to a"}, {"start": "00:38:33", "end": "00:38:39", "text": "discipline, not to a decision. Today's"}, {"start": "00:38:35", "end": "00:38:42", "text": "action uh starts to show we're serious"}, {"start": "00:38:39", "end": "00:38:44", "text": "about this and we will deliver on the"}, {"start": "00:38:42", "end": "00:38:47", "text": "price stability objective and as the"}, {"start": "00:38:44", "end": "00:38:50", "text": "statement said, we'll do it on a on a"}, {"start": "00:38:47", "end": "00:38:54", "text": "timelier basis. That's our decision and"}, {"start": "00:38:50", "end": "00:38:55", "text": "uh uh uh when we continue our"}, {"start": "00:38:54", "end": "00:38:57", "text": "discussions over the course of the next"}, {"start": "00:38:55", "end": "00:38:59", "text": "several weeks and months, we'll have"}, {"start": "00:38:57", "end": "00:39:01", "text": "more to say about it, but I'm"}, {"start": "00:38:59", "end": "00:39:02", "text": "illprepared to prejudge those future"}, {"start": "00:39:01", "end": "00:39:06", "text": "actions."}, {"start": "00:39:02", "end": "00:39:06", "text": ">> Matt from CNN."}, {"start": "00:39:07", "end": "00:39:11", "text": "Thanks, Chairman Walsh. Matt Eagle with"}, {"start": "00:39:08", "end": "00:39:13", "text": "CNN. You've spoken in the past about the"}, {"start": "00:39:11", "end": "00:39:15", "text": "positives that could come from"}, {"start": "00:39:13", "end": "00:39:18", "text": "widespread adoption of artificial"}, {"start": "00:39:15", "end": "00:39:20", "text": "intelligence. How concerned are you, if"}, {"start": "00:39:18", "end": "00:39:22", "text": "at all, about these increasingly"}, {"start": "00:39:20", "end": "00:39:25", "text": "alarming warnings we've heard from AI"}, {"start": "00:39:22", "end": "00:39:27", "text": "leaders about losing control of this"}, {"start": "00:39:25", "end": "00:39:29", "text": "powerful technology and doing real world"}, {"start": "00:39:27", "end": "00:39:31", "text": "damage, damage that would presumably"}, {"start": "00:39:29", "end": "00:39:34", "text": "impact the real economy. So, I've spent"}, {"start": "00:39:31", "end": "00:39:36", "text": "a lot of time uh thinking about AI and"}, {"start": "00:39:34", "end": "00:39:38", "text": "before I found my way to this post, I"}, {"start": "00:39:36", "end": "00:39:41", "text": "spent a lot of time talking about it"}, {"start": "00:39:38", "end": "00:39:43", "text": "publicly. Um, independence of the"}, {"start": "00:39:41", "end": "00:39:46", "text": "Federal Reserve is about staying in our"}, {"start": "00:39:43", "end": "00:39:49", "text": "lane. We care very much about what's"}, {"start": "00:39:46", "end": "00:39:50", "text": "happening in artificial intelligence. We"}, {"start": "00:39:49", "end": "00:39:52", "text": "care much about the implications on the"}, {"start": "00:39:50", "end": "00:39:54", "text": "demand side of the economy and"}, {"start": "00:39:52", "end": "00:39:56", "text": "ultimately on the supply side of the"}, {"start": "00:39:54", "end": "00:39:59", "text": "economy. I care so much. I think it's so"}, {"start": "00:39:56", "end": "00:40:01", "text": "important that we establish a task force"}, {"start": "00:39:59", "end": "00:40:02", "text": "that should report by the end of the"}, {"start": "00:40:01", "end": "00:40:04", "text": "year to help us think about the"}, {"start": "00:40:02", "end": "00:40:06", "text": "implications for our future policy"}, {"start": "00:40:04", "end": "00:40:09", "text": "conjuncture."}, {"start": "00:40:06", "end": "00:40:11", "text": "But the policy decisions that are made"}, {"start": "00:40:09", "end": "00:40:13", "text": "about the risks and rewards, the"}, {"start": "00:40:11", "end": "00:40:15", "text": "challenges and opportunities, those are"}, {"start": "00:40:13", "end": "00:40:16", "text": "decisions made by other parts of the"}, {"start": "00:40:15", "end": "00:40:18", "text": "government. I'm going to leave it to"}, {"start": "00:40:16", "end": "00:40:20", "text": "them to make those th those political"}, {"start": "00:40:18", "end": "00:40:22", "text": "decisions, those policy decisions. The"}, {"start": "00:40:20", "end": "00:40:23", "text": "implications of those decisions"}, {"start": "00:40:22", "end": "00:40:26", "text": "obviously have some bearing on our day"}, {"start": "00:40:23", "end": "00:40:27", "text": "job and that's where we'll be focused."}, {"start": "00:40:26", "end": "00:40:32", "text": ">> For the last question, we'll go to"}, {"start": "00:40:27", "end": "00:40:32", "text": "Jennifer Shawnberger back."}, {"start": "00:40:34", "end": "00:40:37", "text": ">> Thank you, Mr. Chairman. Jennifer"}, {"start": "00:40:35", "end": "00:40:40", "text": "Shawnberger with Yahoo Finance."}, {"start": "00:40:37", "end": "00:40:42", "text": "Inflation has run up mostly from higher"}, {"start": "00:40:40", "end": "00:40:44", "text": "energy prices and tariffs, which some"}, {"start": "00:40:42", "end": "00:40:46", "text": "say are supply shocks that rate hikes"}, {"start": "00:40:44", "end": "00:40:48", "text": "cannot fix and should fain on their own"}, {"start": "00:40:46", "end": "00:40:50", "text": "so long as inflation expectations stay"}, {"start": "00:40:48", "end": "00:40:54", "text": "anchored. And now that you have hiked"}, {"start": "00:40:50", "end": "00:40:56", "text": "rates, do you need to push growth below"}, {"start": "00:40:54", "end": "00:40:58", "text": "potential unintentionally pushing"}, {"start": "00:40:56", "end": "00:41:00", "text": "weakness on the job market to bring"}, {"start": "00:40:58", "end": "00:41:02", "text": "inflation down? And how do those"}, {"start": "00:41:00", "end": "00:41:04", "text": "dynamics play out given the forcefulness"}, {"start": "00:41:02", "end": "00:41:05", "text": "with which AI is driving the economy"}, {"start": "00:41:04", "end": "00:41:07", "text": "right now?"}, {"start": "00:41:05", "end": "00:41:09", "text": ">> So there's there's there's a lot there,"}, {"start": "00:41:07", "end": "00:41:13", "text": "Jennifer. Let me see if I can't do just"}, {"start": "00:41:09", "end": "00:41:16", "text": "a little bit of it. Um, first"}, {"start": "00:41:13", "end": "00:41:18", "text": "we believe that the unemployment rate is"}, {"start": "00:41:16", "end": "00:41:21", "text": "basically running consistent with full"}, {"start": "00:41:18", "end": "00:41:23", "text": "employment. Uh, I don't believe that we"}, {"start": "00:41:21", "end": "00:41:26", "text": "need to do harm to the labor markets to"}, {"start": "00:41:23", "end": "00:41:29", "text": "achieve our objective. I don't believe"}, {"start": "00:41:26", "end": "00:41:30", "text": "that the two parts of our mandate price"}, {"start": "00:41:29", "end": "00:41:32", "text": "stability and full employment are"}, {"start": "00:41:30", "end": "00:41:37", "text": "working at cross purposes over the"}, {"start": "00:41:32", "end": "00:41:41", "text": "medium term. So economic growth that is"}, {"start": "00:41:37", "end": "00:41:43", "text": "uh ensuring continuous sustainable"}, {"start": "00:41:41", "end": "00:41:46", "text": "durable economic growth that's the"}, {"start": "00:41:43", "end": "00:41:48", "text": "business we're in and the job we did"}, {"start": "00:41:46", "end": "00:41:51", "text": "today the job we'll continue to do is to"}, {"start": "00:41:48", "end": "00:41:53", "text": "ensure price stability which can mean"}, {"start": "00:41:51", "end": "00:41:56", "text": "that sustainable durable economic growth"}, {"start": "00:41:53", "end": "00:41:58", "text": "can go on for longer the economy can be"}, {"start": "00:41:56", "end": "00:42:00", "text": "stronger and as I mentioned before the"}, {"start": "00:41:58", "end": "00:42:01", "text": "least welloff can get the benefits of"}, {"start": "00:42:00", "end": "00:42:02", "text": "it."}, {"start": "00:42:01", "end": "00:42:04", "text": ">> Thank you."}, {"start": "00:42:02", "end": "00:42:04", "text": ">> Thank you."}, {"start": "00:42:13", "end": "00:42:16", "text": "All right, guys. So, a lot happening"}, {"start": "00:42:14", "end": "00:42:19", "text": "there. Uh, mostly what he was getting"}, {"start": "00:42:16", "end": "00:42:21", "text": "into was really, I think, trying to set"}, {"start": "00:42:19", "end": "00:42:23", "text": "up the next two meetings for the FOMC."}, {"start": "00:42:21", "end": "00:42:25", "text": "And that, of course, I think will be in"}, {"start": "00:42:23", "end": "00:42:26", "text": "more of a dovish. If you look back at"}, {"start": "00:42:25", "end": "00:42:28", "text": "the market right now, I'm just going to"}, {"start": "00:42:26", "end": "00:42:30", "text": "show you the ETH chart here. This is the"}, {"start": "00:42:28", "end": "00:42:32", "text": "five-minute chart. Market seems a little"}, {"start": "00:42:30", "end": "00:42:35", "text": "bit untouched on this. Bitcoin still"}, {"start": "00:42:32", "end": "00:42:38", "text": "trading at around 75. Uh so my thinking"}, {"start": "00:42:35", "end": "00:42:40", "text": "is that the market is seeing this as a"}, {"start": "00:42:38", "end": "00:42:43", "text": "bit of a doubbish position and looking"}, {"start": "00:42:40", "end": "00:42:46", "text": "at what will be the next couple of FOMC"}, {"start": "00:42:43", "end": "00:42:48", "text": "meetings. When you look at the Fed rate"}, {"start": "00:42:46", "end": "00:42:50", "text": "right now, I'll go to the October 28th"}, {"start": "00:42:48", "end": "00:42:52", "text": "meeting, which is the one that's coming."}, {"start": "00:42:50", "end": "00:42:54", "text": "It's starting to dip right now on the no"}, {"start": "00:42:52", "end": "00:42:57", "text": "change and the change is starting to"}, {"start": "00:42:54", "end": "00:42:59", "text": "lift up slightly. However, these kind of"}, {"start": "00:42:57", "end": "00:43:01", "text": "go back and forth during the period of"}, {"start": "00:42:59", "end": "00:43:03", "text": "time. If you go all the way to the"}, {"start": "00:43:01", "end": "00:43:07", "text": "December, that looks like a potential"}, {"start": "00:43:03", "end": "00:43:09", "text": "rate increase right now spiking. So the"}, {"start": "00:43:07", "end": "00:43:12", "text": "point is he's trying to get to a path"}, {"start": "00:43:09", "end": "00:43:14", "text": "forward. And he even pointed to 2027 as"}, {"start": "00:43:12", "end": "00:43:16", "text": "a possibility. Obviously, the biggest"}, {"start": "00:43:14", "end": "00:43:18", "text": "issues right now are inflationary"}, {"start": "00:43:16", "end": "00:43:20", "text": "measures that are hitting the market,"}, {"start": "00:43:18", "end": "00:43:22", "text": "most of which are coming from energy."}, {"start": "00:43:20", "end": "00:43:24", "text": "And that could dictate to what the Fed"}, {"start": "00:43:22", "end": "00:43:25", "text": "is going to be doing. So we've got"}, {"start": "00:43:24", "end": "00:43:27", "text": "another video that we're going to be"}, {"start": "00:43:25", "end": "00:43:30", "text": "dropping today, so watch it. It's It's"}, {"start": "00:43:27", "end": "00:43:32", "text": "actually a video with Coinbase talking"}, {"start": "00:43:30", "end": "00:43:34", "text": "about clarity. So, check it out and"}, {"start": "00:43:32", "end": "00:43:38", "text": "we'll be bringing you guys uh a little"}, {"start": "00:43:34", "end": "00:43:38", "text": "bit more on this tomorrow."}, {"start": "00:43:43", "end": "00:43:47", "text": "If you like this video, hit like and"}, {"start": "00:43:45", "end": "00:43:50", "text": "subscribe. Drop a comment down below and"}, {"start": "00:43:47", "end": "00:43:53", "text": "also join our free private member group."}, {"start": "00:43:50", "end": "00:43:53", "text": "The link is in the description."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "Clarity final hour is underway today."}, {"start": "00:00:02", "end": "00:00:05", "text": "We're going to get into it because there"}, {"start": "00:00:03", "end": "00:00:07", "text": "are some very interesting things that"}, {"start": "00:00:05", "end": "00:00:09", "text": "are happening in the grand theater of"}, {"start": "00:00:07", "end": "00:00:11", "text": "DC. Before we do that, I want to thank"}, {"start": "00:00:09", "end": "00:00:13", "text": "our sponsor and that's it Capital where"}, {"start": "00:00:11", "end": "00:00:15", "text": "you guys can get into your own crypto"}, {"start": "00:00:13", "end": "00:00:17", "text": "IRA, cryptocurrency, stocks, gold, and"}, {"start": "00:00:15", "end": "00:00:19", "text": "silver. All available over on iTrust"}, {"start": "00:00:17", "end": "00:00:22", "text": "Capital, one account, unlimited"}, {"start": "00:00:19", "end": "00:00:23", "text": "possibilities. This is one of the"}, {"start": "00:00:22", "end": "00:00:25", "text": "platforms. They've been around for quite"}, {"start": "00:00:23", "end": "00:00:27", "text": "a while. You guys can go over and use"}, {"start": "00:00:25", "end": "00:00:30", "text": "them. If you have a current IRA, you can"}, {"start": "00:00:27", "end": "00:00:33", "text": "transfer that. If you want to start a"}, {"start": "00:00:30", "end": "00:00:35", "text": "brand new IRA, you can also do that as"}, {"start": "00:00:33", "end": "00:00:36", "text": "well. So, just use our link down below."}, {"start": "00:00:35", "end": "00:00:38", "text": "It's going to give you a $100 funding"}, {"start": "00:00:36", "end": "00:00:40", "text": "reward to get started and you're going"}, {"start": "00:00:38", "end": "00:00:41", "text": "to have to start tax planning soon. And"}, {"start": "00:00:40", "end": "00:00:43", "text": "IAS are one of the diversification"}, {"start": "00:00:41", "end": "00:00:45", "text": "things that you should be doing to set"}, {"start": "00:00:43", "end": "00:00:47", "text": "yourself up for success. Let's just"}, {"start": "00:00:45", "end": "00:00:49", "text": "start off with this right here. And that"}, {"start": "00:00:47", "end": "00:00:51", "text": "of course is that Senate Senate"}, {"start": "00:00:49", "end": "00:00:54", "text": "Democrats have rejected the final"}, {"start": "00:00:51", "end": "00:00:56", "text": "clarity ethics text. Now, this is no"}, {"start": "00:00:54", "end": "00:00:58", "text": "surprise. We expected this. I actually"}, {"start": "00:00:56", "end": "00:01:00", "text": "had uh Weissaki on yesterday and he and"}, {"start": "00:00:58", "end": "00:01:02", "text": "I were kind of going into this"}, {"start": "00:01:00", "end": "00:01:04", "text": "specifically around Elizabeth Warren."}, {"start": "00:01:02", "end": "00:01:07", "text": "She called it a weak fig leaf. And"}, {"start": "00:01:04", "end": "00:01:08", "text": "remember guys, we need 60 votes to get"}, {"start": "00:01:07", "end": "00:01:12", "text": "this thing through. And remember this is"}, {"start": "00:01:08", "end": "00:01:14", "text": "happening today and there is a lot"}, {"start": "00:01:12", "end": "00:01:16", "text": "happening in terms of drama that was"}, {"start": "00:01:14", "end": "00:01:18", "text": "edging up to it. I kind of anticipated"}, {"start": "00:01:16", "end": "00:01:21", "text": "where this was heading yesterday when we"}, {"start": "00:01:18", "end": "00:01:23", "text": "were grilling Kevin about this because"}, {"start": "00:01:21", "end": "00:01:25", "text": "there is so many potentials here that"}, {"start": "00:01:23", "end": "00:01:28", "text": "could be pushing the banks back into"}, {"start": "00:01:25", "end": "00:01:31", "text": "action. And I want to just go into what"}, {"start": "00:01:28", "end": "00:01:33", "text": "Punch Bowl said here just to review all"}, {"start": "00:01:31", "end": "00:01:36", "text": "the Clarity Act news breaking. This is"}, {"start": "00:01:33", "end": "00:01:38", "text": "before 10 a.m. So Lumis comes in. She ba"}, {"start": "00:01:36", "end": "00:01:41", "text": "blasts the Democrats counter basically"}, {"start": "00:01:38", "end": "00:01:43", "text": "as unserious. Team Warner says no one"}, {"start": "00:01:41", "end": "00:01:45", "text": "should be surprised by the ask. Then you"}, {"start": "00:01:43", "end": "00:01:48", "text": "have Scott coming in. The final text is"}, {"start": "00:01:45", "end": "00:01:50", "text": "the final. So, uh, the Senate is going"}, {"start": "00:01:48", "end": "00:01:54", "text": "to vote on this regardless. We'll most"}, {"start": "00:01:50", "end": "00:01:58", "text": "likely see the Republicans coming to the"}, {"start": "00:01:54", "end": "00:02:00", "text": "vote for sure. And I wonder to what"}, {"start": "00:01:58", "end": "00:02:02", "text": "extent the Republicans will actually"}, {"start": "00:02:00", "end": "00:02:05", "text": "vote because this is going to get into a"}, {"start": "00:02:02", "end": "00:02:07", "text": "very political situation right now as we"}, {"start": "00:02:05", "end": "00:02:09", "text": "head into midterms because there could"}, {"start": "00:02:07", "end": "00:02:11", "text": "be some pressure coming into not only"}, {"start": "00:02:09", "end": "00:02:13", "text": "Democrats but also Republicans. If you"}, {"start": "00:02:11", "end": "00:02:18", "text": "look at the current clarity act 13%"}, {"start": "00:02:13", "end": "00:02:21", "text": "chance after skyrocketing up to over 35%"}, {"start": "00:02:18", "end": "00:02:24", "text": "yesterday now it has fallen down to 13%."}, {"start": "00:02:21", "end": "00:02:27", "text": "So things are looking bad in DC and this"}, {"start": "00:02:24", "end": "00:02:29", "text": "is where my skepticism still resides. I"}, {"start": "00:02:27", "end": "00:02:30", "text": "want to go to a clip real quick because"}, {"start": "00:02:29", "end": "00:02:33", "text": "this goes into this is Patrick Whit"}, {"start": "00:02:30", "end": "00:02:34", "text": "talking about the ethics component and"}, {"start": "00:02:33", "end": "00:02:37", "text": "they got what they asked for. Take a"}, {"start": "00:02:34", "end": "00:02:39", "text": "look. Uh the only part of of Telis Gaygo"}, {"start": "00:02:37", "end": "00:02:40", "text": "that uh you know wasn't necessarily"}, {"start": "00:02:39", "end": "00:02:42", "text": "reflected in the provision that was"}, {"start": "00:02:40", "end": "00:02:44", "text": "signed off on was number one including"}, {"start": "00:02:42", "end": "00:02:46", "text": "children and family members. The"}, {"start": "00:02:44", "end": "00:02:48", "text": "definitions in there around issuance"}, {"start": "00:02:46", "end": "00:02:50", "text": "sponsorship significant financial"}, {"start": "00:02:48", "end": "00:02:52", "text": "interest they all include measures where"}, {"start": "00:02:50", "end": "00:02:53", "text": "there's indirect coordination with"}, {"start": "00:02:52", "end": "00:02:56", "text": "someone regardless of whether it's a"}, {"start": "00:02:53", "end": "00:02:58", "text": "family member or otherwise. So I would"}, {"start": "00:02:56", "end": "00:03:00", "text": "say under this provision children are"}, {"start": "00:02:58", "end": "00:03:03", "text": "included in the sense that if there is"}, {"start": "00:03:00", "end": "00:03:05", "text": "kind of coordination or direction um by"}, {"start": "00:03:03", "end": "00:03:07", "text": "the covered individual by this provision"}, {"start": "00:03:05", "end": "00:03:09", "text": "that would also be captured in there. So"}, {"start": "00:03:07", "end": "00:03:12", "text": "the third part that Tis Ggo was trying"}, {"start": "00:03:09", "end": "00:03:14", "text": "to push for was a forced devestment um"}, {"start": "00:03:12", "end": "00:03:16", "text": "of certain assets. There is also no"}, {"start": "00:03:14", "end": "00:03:18", "text": "precedent for that in in federal ethics"}, {"start": "00:03:16", "end": "00:03:20", "text": "law forced investment. So um that's the"}, {"start": "00:03:18", "end": "00:03:22", "text": "delta and again you know I'd say it's"}, {"start": "00:03:20", "end": "00:03:23", "text": "probably more like 90 to 95% of what"}, {"start": "00:03:22", "end": "00:03:26", "text": "they had agreed to."}, {"start": "00:03:23", "end": "00:03:28", "text": ">> All right. So 90 to 95% in terms of the"}, {"start": "00:03:26", "end": "00:03:31", "text": "ethics component. I still think the"}, {"start": "00:03:28", "end": "00:03:33", "text": "ethics thing is theater. In other words,"}, {"start": "00:03:31", "end": "00:03:36", "text": "I I think it's just not really an issue"}, {"start": "00:03:33", "end": "00:03:38", "text": "that is really drawing out to what is"}, {"start": "00:03:36", "end": "00:03:40", "text": "the line in the sand. Here of course was"}, {"start": "00:03:38", "end": "00:03:41", "text": "Elanor Mueller talking about this a"}, {"start": "00:03:40", "end": "00:03:43", "text": "White House correspondent talking about"}, {"start": "00:03:41", "end": "00:03:45", "text": "the White House is going all out to"}, {"start": "00:03:43", "end": "00:03:48", "text": "convince Senate Republicans."}, {"start": "00:03:45", "end": "00:03:50", "text": "Remember Senate Republicans here and the"}, {"start": "00:03:48", "end": "00:03:52", "text": "officials were planning to launch an"}, {"start": "00:03:50", "end": "00:03:53", "text": "interactive tool. And this is all"}, {"start": "00:03:52", "end": "00:03:56", "text": "centered around the bank's concerns"}, {"start": "00:03:53", "end": "00:03:59", "text": "around what is happening most likely"}, {"start": "00:03:56", "end": "00:04:01", "text": "with deposit flight. The ABA, and we've"}, {"start": "00:03:59", "end": "00:04:03", "text": "actually shown this a couple of clips on"}, {"start": "00:04:01", "end": "00:04:05", "text": "the show here, is that they asked, \"Hey,"}, {"start": "00:04:03", "end": "00:04:08", "text": "listen. We really only just want one"}, {"start": "00:04:05", "end": "00:04:11", "text": "word.\" Well, that one word has now"}, {"start": "00:04:08", "end": "00:04:13", "text": "changed into sentences and entire"}, {"start": "00:04:11", "end": "00:04:16", "text": "paragraphs. What was just solely in"}, {"start": "00:04:13", "end": "00:04:20", "text": "connection is now on any payment stable"}, {"start": "00:04:16", "end": "00:04:22", "text": "coin balance in a matter that is"}, {"start": "00:04:20", "end": "00:04:24", "text": "economically functionally equivalent"}, {"start": "00:04:22", "end": "00:04:26", "text": "substantially similar to the manner in"}, {"start": "00:04:24", "end": "00:04:29", "text": "which the banking organizations payment"}, {"start": "00:04:26", "end": "00:04:31", "text": "of interest or yield. So basically what"}, {"start": "00:04:29", "end": "00:04:33", "text": "they're saying is no stable coin yields"}, {"start": "00:04:31", "end": "00:04:36", "text": "at all. And further into that they"}, {"start": "00:04:33", "end": "00:04:38", "text": "actually scratched an an entire section"}, {"start": "00:04:36", "end": "00:04:40", "text": "that contradicts the objective of the"}, {"start": "00:04:38", "end": "00:04:42", "text": "prohibition. And this was outlined for"}, {"start": "00:04:40", "end": "00:04:44", "text": "the avoidance of doubt. They scratched"}, {"start": "00:04:42", "end": "00:04:45", "text": "all of this. For the avoidance of"}, {"start": "00:04:44", "end": "00:04:48", "text": "doubts, payments to restricted"}, {"start": "00:04:45", "end": "00:04:50", "text": "recipients of consideration, rewards or"}, {"start": "00:04:48", "end": "00:04:53", "text": "benefits that are permissible pursuant"}, {"start": "00:04:50", "end": "00:04:55", "text": "to paragraph 2, paragraph A may be"}, {"start": "00:04:53", "end": "00:04:57", "text": "calculated by reference to a balance,"}, {"start": "00:04:55", "end": "00:05:00", "text": "duration, tenure, or a combination of"}, {"start": "00:04:57", "end": "00:05:02", "text": "that foregoing. So basically any way you"}, {"start": "00:05:00", "end": "00:05:04", "text": "look at it, stable coin ban is really"}, {"start": "00:05:02", "end": "00:05:07", "text": "what these banks are going at, and"}, {"start": "00:05:04", "end": "00:05:10", "text": "they're going at it full force. Here's"}, {"start": "00:05:07", "end": "00:05:12", "text": "another clip that goes into Coinbase"}, {"start": "00:05:10", "end": "00:05:16", "text": "talking about this, defending stable"}, {"start": "00:05:12", "end": "00:05:18", "text": "coin yields again. Now, remember, many"}, {"start": "00:05:16", "end": "00:05:20", "text": "people were pushing toward ethics being"}, {"start": "00:05:18", "end": "00:05:24", "text": "the real hump in the road, but in"}, {"start": "00:05:20", "end": "00:05:26", "text": "reality, is it really still just stable"}, {"start": "00:05:24", "end": "00:05:28", "text": "coin yields? Take a look."}, {"start": "00:05:26", "end": "00:05:31", "text": ">> Uh, the crypto industry would be able to"}, {"start": "00:05:28", "end": "00:05:35", "text": "offer big interest opportunities, big"}, {"start": "00:05:31", "end": "00:05:37", "text": "yields on stable coin offerings. Some"}, {"start": "00:05:35", "end": "00:05:39", "text": "people looked at that and said, \"Well,"}, {"start": "00:05:37", "end": "00:05:41", "text": "why don't you guys make better offerings"}, {"start": "00:05:39", "end": "00:05:42", "text": "unlike crypto, but where do you come"}, {"start": "00:05:41", "end": "00:05:43", "text": "down on all of that?\""}, {"start": "00:05:42", "end": "00:05:44", "text": ">> Yeah, that's right. I mean, we came out"}, {"start": "00:05:43", "end": "00:05:46", "text": "and initially said, you know, we think"}, {"start": "00:05:44", "end": "00:05:47", "text": "we should be able to pay rewards to our"}, {"start": "00:05:46", "end": "00:05:49", "text": "customers. Why not? Why shouldn't"}, {"start": "00:05:47", "end": "00:05:50", "text": "Americans be able to earn more money on"}, {"start": "00:05:49", "end": "00:05:52", "text": "their money and we're making concessions"}, {"start": "00:05:50", "end": "00:05:53", "text": "and compromises along with everyone else"}, {"start": "00:05:52", "end": "00:05:55", "text": "to try to see if we can get something"}, {"start": "00:05:53", "end": "00:05:56", "text": "done here for America. We're going to"}, {"start": "00:05:55", "end": "00:05:58", "text": "see who's in favor of American"}, {"start": "00:05:56", "end": "00:05:59", "text": "leadership in finance and who's against"}, {"start": "00:05:58", "end": "00:06:01", "text": "it. So, there's no doovers."}, {"start": "00:05:59", "end": "00:06:02", "text": ">> It's not fair to us. How do you respond"}, {"start": "00:06:01", "end": "00:06:03", "text": "to that?"}, {"start": "00:06:02", "end": "00:06:05", "text": ">> Well, there's no data to show that."}, {"start": "00:06:03", "end": "00:06:06", "text": "We've been offering rewards and others"}, {"start": "00:06:05", "end": "00:06:08", "text": "like us have for five six years."}, {"start": "00:06:06", "end": "00:06:10", "text": "Community bank deposits have grown"}, {"start": "00:06:08", "end": "00:06:12", "text": "through that whole period of time. It's"}, {"start": "00:06:10", "end": "00:06:14", "text": "really a non-issue. I suspect that the"}, {"start": "00:06:12", "end": "00:06:16", "text": "large the bank trade associations are"}, {"start": "00:06:14", "end": "00:06:18", "text": "really fronting this issue on behalf of"}, {"start": "00:06:16", "end": "00:06:20", "text": "um their big bank members who are"}, {"start": "00:06:18", "end": "00:06:22", "text": "worried about their payment franchise."}, {"start": "00:06:20", "end": "00:06:24", "text": "It's really a battle over payments, not"}, {"start": "00:06:22", "end": "00:06:26", "text": "a battle over deposits. So, you can kind"}, {"start": "00:06:24", "end": "00:06:28", "text": "of see Coinbase calling them out. And"}, {"start": "00:06:26", "end": "00:06:29", "text": "when I say calling them, meaning the"}, {"start": "00:06:28", "end": "00:06:32", "text": "banking lobby calling them out,"}, {"start": "00:06:29", "end": "00:06:36", "text": "literally just saying they're dishonest."}, {"start": "00:06:32", "end": "00:06:38", "text": "And again, this is on the eve and day of"}, {"start": "00:06:36", "end": "00:06:40", "text": "where clarity is going to a closure vote"}, {"start": "00:06:38", "end": "00:06:43", "text": "to where it extends into let's get this"}, {"start": "00:06:40", "end": "00:06:44", "text": "underway and get it voted on. And what"}, {"start": "00:06:43", "end": "00:06:45", "text": "are they talking about? They're not"}, {"start": "00:06:44", "end": "00:06:48", "text": "talking about ethics. They're talking"}, {"start": "00:06:45", "end": "00:06:50", "text": "about stable coin bans and the issue of"}, {"start": "00:06:48", "end": "00:06:52", "text": "stable coin yield bans, I should say."}, {"start": "00:06:50", "end": "00:06:55", "text": "And this goes into now Patrick Wit"}, {"start": "00:06:52", "end": "00:06:58", "text": "saying, \"Wait a minute. This is why the"}, {"start": "00:06:55", "end": "00:07:02", "text": "banks are full of it.\" Take a look. the"}, {"start": "00:06:58", "end": "00:07:04", "text": "ABA, the ICBA, BPI, we had all of those"}, {"start": "00:07:02", "end": "00:07:05", "text": "involved in there. I specifically asked"}, {"start": "00:07:04", "end": "00:07:07", "text": "those organizations if they had any"}, {"start": "00:07:05", "end": "00:07:10", "text": "individual member banks or member bank"}, {"start": "00:07:07", "end": "00:07:12", "text": "associations to to be involved in the"}, {"start": "00:07:10", "end": "00:07:13", "text": "discussions. Um, I guess they didn't"}, {"start": "00:07:12", "end": "00:07:15", "text": "take them seriously enough when the"}, {"start": "00:07:13", "end": "00:07:17", "text": "White House was asking them to to be"}, {"start": "00:07:15", "end": "00:07:19", "text": "involved in this discussion, but some of"}, {"start": "00:07:17", "end": "00:07:21", "text": "the framing around the the requests that"}, {"start": "00:07:19", "end": "00:07:23", "text": "the ABA is making as far as changes,"}, {"start": "00:07:21", "end": "00:07:24", "text": "it's like we're just looking for a"}, {"start": "00:07:23", "end": "00:07:27", "text": "little bit of compromise here and almost"}, {"start": "00:07:24", "end": "00:07:29", "text": "framing what's in the bill section 404"}, {"start": "00:07:27", "end": "00:07:32", "text": "as crypto's position. Crypto's position"}, {"start": "00:07:29", "end": "00:07:34", "text": "is to delete the entire thing. In fact,"}, {"start": "00:07:32", "end": "00:07:35", "text": "I probably had to spend more of my time"}, {"start": "00:07:34", "end": "00:07:37", "text": "dragging crypto to the place where they"}, {"start": "00:07:35", "end": "00:07:39", "text": "could agree to that compromise. So now"}, {"start": "00:07:37", "end": "00:07:41", "text": "the ABA is, you know, basically"}, {"start": "00:07:39", "end": "00:07:43", "text": "resurfacing all the things that they had"}, {"start": "00:07:41", "end": "00:07:45", "text": "already brought up in our meetings and"}, {"start": "00:07:43", "end": "00:07:47", "text": "in the meetings that subsequently took"}, {"start": "00:07:45", "end": "00:07:48", "text": "place with Senators Tillis and"}, {"start": "00:07:47", "end": "00:07:50", "text": "Ulserbrooks, acting like these weren't"}, {"start": "00:07:48", "end": "00:07:53", "text": "already considered. They were. These are"}, {"start": "00:07:50", "end": "00:07:55", "text": "not new ideas. They were rejected. We"}, {"start": "00:07:53", "end": "00:07:58", "text": "struck the balance between addressing"}, {"start": "00:07:55", "end": "00:08:00", "text": "again their entirely hypothetical and"}, {"start": "00:07:58", "end": "00:08:03", "text": "speculative concern around deposit"}, {"start": "00:08:00", "end": "00:08:05", "text": "flight with a ban on idle interest. you"}, {"start": "00:08:03", "end": "00:08:08", "text": "can't pay idle interest but also we"}, {"start": "00:08:05", "end": "00:08:10", "text": "permit uh the businesses to pay rewards"}, {"start": "00:08:08", "end": "00:08:11", "text": "in connection with a bonafide activity"}, {"start": "00:08:10", "end": "00:08:13", "text": "like any business wants to be able to"}, {"start": "00:08:11", "end": "00:08:16", "text": "reward their customers for engaging in"}, {"start": "00:08:13", "end": "00:08:18", "text": "activity still we added to it with this"}, {"start": "00:08:16", "end": "00:08:19", "text": "circuit breaker language that says you"}, {"start": "00:08:18", "end": "00:08:22", "text": "know even in the event that we got this"}, {"start": "00:08:19", "end": "00:08:24", "text": "wrong and there is massive deposit"}, {"start": "00:08:22", "end": "00:08:26", "text": "flight from banks I entirely disagree"}, {"start": "00:08:24", "end": "00:08:28", "text": "with that but even if we got it wrong"}, {"start": "00:08:26", "end": "00:08:30", "text": "we're granting the secretary of the"}, {"start": "00:08:28", "end": "00:08:32", "text": "treasury extraordinary authority to"}, {"start": "00:08:30", "end": "00:08:35", "text": "intervene to further restrict the"}, {"start": "00:08:32", "end": "00:08:37", "text": "payment of rewards on stable coins."}, {"start": "00:08:35", "end": "00:08:38", "text": "What more do you want? If you oppose the"}, {"start": "00:08:37", "end": "00:08:41", "text": "Clarity Act because you just hate"}, {"start": "00:08:38", "end": "00:08:43", "text": "crypto, that's fine. Just say that. But"}, {"start": "00:08:41", "end": "00:08:46", "text": "don't try and, you know, straw man this"}, {"start": "00:08:43", "end": "00:08:48", "text": "this uh, you know, argument um that that"}, {"start": "00:08:46", "end": "00:08:49", "text": "I believe, you know, just doesn't hold"}, {"start": "00:08:48", "end": "00:08:50", "text": "water."}, {"start": "00:08:49", "end": "00:08:52", "text": ">> All right. So, this has been the"}, {"start": "00:08:50", "end": "00:08:54", "text": "argument that's been coming on for quite"}, {"start": "00:08:52", "end": "00:08:56", "text": "some time. In fact, it's probably been"}, {"start": "00:08:54", "end": "00:08:58", "text": "the core basis of our entire thesis"}, {"start": "00:08:56", "end": "00:09:01", "text": "around why the banks are pushing back."}, {"start": "00:08:58", "end": "00:09:04", "text": "Well, now it has culminated into a"}, {"start": "00:09:01", "end": "00:09:07", "text": "special tool out there and I'm wondering"}, {"start": "00:09:04", "end": "00:09:09", "text": "who this tool is for. This, in my"}, {"start": "00:09:07", "end": "00:09:11", "text": "opinion, most likely is going to target"}, {"start": "00:09:09", "end": "00:09:13", "text": "the Senate Republicans. This is the"}, {"start": "00:09:11", "end": "00:09:14", "text": "effects of stable coin yield. So,"}, {"start": "00:09:13", "end": "00:09:15", "text": "they're going to get a chance to be able"}, {"start": "00:09:14", "end": "00:09:17", "text": "to go in and actually it's an"}, {"start": "00:09:15", "end": "00:09:20", "text": "interactive tool. You can go in and"}, {"start": "00:09:17", "end": "00:09:21", "text": "adjust some of the baselines, uh,"}, {"start": "00:09:20", "end": "00:09:23", "text": "explore the model. This came from some"}, {"start": "00:09:21", "end": "00:09:25", "text": "of the research that was done by the"}, {"start": "00:09:23", "end": "00:09:27", "text": "White House not too long ago. Actually"}, {"start": "00:09:25", "end": "00:09:29", "text": "go in and change the stable coin market"}, {"start": "00:09:27", "end": "00:09:32", "text": "size. you can go in and look at reserves"}, {"start": "00:09:29", "end": "00:09:35", "text": "held by cash uh as bank cash. So it"}, {"start": "00:09:32", "end": "00:09:38", "text": "gives you the ability to understand"}, {"start": "00:09:35", "end": "00:09:41", "text": "where this may play out and if this is"}, {"start": "00:09:38", "end": "00:09:43", "text": "in fact the case are Senate Republicans"}, {"start": "00:09:41", "end": "00:09:46", "text": "lining up to be in a position where they"}, {"start": "00:09:43", "end": "00:09:48", "text": "can vote for this and a handful of"}, {"start": "00:09:46", "end": "00:09:50", "text": "Democrats that could bring this vote"}, {"start": "00:09:48", "end": "00:09:52", "text": "across the line to 60 votes. So still"}, {"start": "00:09:50", "end": "00:09:54", "text": "everything is up in the air. You've got"}, {"start": "00:09:52", "end": "00:09:56", "text": "Patrick Whit going out there simply"}, {"start": "00:09:54", "end": "00:09:58", "text": "giving him one last chance at it. And"}, {"start": "00:09:56", "end": "00:10:00", "text": "his statement there at the end is the"}, {"start": "00:09:58", "end": "00:10:03", "text": "one that I think everybody wants to pay"}, {"start": "00:10:00", "end": "00:10:05", "text": "attention to. If clarity fails, the"}, {"start": "00:10:03", "end": "00:10:07", "text": "banks get none of these protections."}, {"start": "00:10:05", "end": "00:10:11", "text": "Meaning all these companies are going to"}, {"start": "00:10:07", "end": "00:10:14", "text": "continue on paying high yields and not"}, {"start": "00:10:11", "end": "00:10:16", "text": "really see any bank flight. We are going"}, {"start": "00:10:14", "end": "00:10:20", "text": "to continue to see regulatory measures"}, {"start": "00:10:16", "end": "00:10:22", "text": "being taken by the SEC and the uh CFTC."}, {"start": "00:10:20", "end": "00:10:24", "text": "So where do the banks go from here? And"}, {"start": "00:10:22", "end": "00:10:26", "text": "in reality, it kind of limits them from"}, {"start": "00:10:24", "end": "00:10:28", "text": "being able to jump in on some of the"}, {"start": "00:10:26", "end": "00:10:31", "text": "biggest innovation. If you apply AI to"}, {"start": "00:10:28", "end": "00:10:34", "text": "this and what kind of advancements we'll"}, {"start": "00:10:31", "end": "00:10:36", "text": "see in payments, this is where I think"}, {"start": "00:10:34", "end": "00:10:38", "text": "banks could be making a pivotal mistake"}, {"start": "00:10:36", "end": "00:10:41", "text": "in not being at the forefront of"}, {"start": "00:10:38", "end": "00:10:42", "text": "everything. Treasury Bessant goes in and"}, {"start": "00:10:41", "end": "00:10:45", "text": "says it again. I've said it many times."}, {"start": "00:10:42", "end": "00:10:47", "text": "Clarity Act is essential to ensuring"}, {"start": "00:10:45", "end": "00:10:48", "text": "America wins the global race for new"}, {"start": "00:10:47", "end": "00:10:51", "text": "technology. This is the global race. I"}, {"start": "00:10:48", "end": "00:10:53", "text": "think that not only is in blockchain and"}, {"start": "00:10:51", "end": "00:10:55", "text": "in the future of crypto, but also around"}, {"start": "00:10:53", "end": "00:10:57", "text": "the integration into AI because that"}, {"start": "00:10:55", "end": "00:10:59", "text": "kind of integration for payments is"}, {"start": "00:10:57", "end": "00:11:02", "text": "going to happen whether we do it or"}, {"start": "00:10:59", "end": "00:11:05", "text": "China does it or Asia does it or even"}, {"start": "00:11:02", "end": "00:11:08", "text": "the EU gets into this. So there is a lot"}, {"start": "00:11:05", "end": "00:11:11", "text": "at stake today on September the 15th as"}, {"start": "00:11:08", "end": "00:11:13", "text": "we go into the clarity vote. Now, this"}, {"start": "00:11:11", "end": "00:11:16", "text": "is an interesting find by a researcher"}, {"start": "00:11:13", "end": "00:11:20", "text": "that looked at how far back the banks"}, {"start": "00:11:16", "end": "00:11:22", "text": "have used this talking point. This was a"}, {"start": "00:11:20", "end": "00:11:24", "text": "talking point that was by the Bankers"}, {"start": "00:11:22", "end": "00:11:28", "text": "Association of America. Kind of the same"}, {"start": "00:11:24", "end": "00:11:30", "text": "people back in January of 1980. And do"}, {"start": "00:11:28", "end": "00:11:32", "text": "you know what they were afraid of at"}, {"start": "00:11:30", "end": "00:11:35", "text": "that point? They were afraid of money"}, {"start": "00:11:32", "end": "00:11:37", "text": "markets. Money market balances. And"}, {"start": "00:11:35", "end": "00:11:40", "text": "remember, money market balances have"}, {"start": "00:11:37", "end": "00:11:42", "text": "grown parabolically into the trillions"}, {"start": "00:11:40", "end": "00:11:46", "text": "and yet we have continued to see"}, {"start": "00:11:42", "end": "00:11:49", "text": "increase in deposits in banks. So the"}, {"start": "00:11:46", "end": "00:11:51", "text": "the flight of deposit if you even just"}, {"start": "00:11:49", "end": "00:11:54", "text": "compare it probably to a much bigger"}, {"start": "00:11:51", "end": "00:11:56", "text": "market at least in the beginning is"}, {"start": "00:11:54", "end": "00:11:57", "text": "completely ludicrous and I think people"}, {"start": "00:11:56", "end": "00:12:00", "text": "are starting to realize that. The"}, {"start": "00:11:57", "end": "00:12:02", "text": "question is, will the Democrats start to"}, {"start": "00:12:00", "end": "00:12:06", "text": "realize that or are they still pushing"}, {"start": "00:12:02", "end": "00:12:08", "text": "against it being a non-bipartisan issue?"}, {"start": "00:12:06", "end": "00:12:11", "text": "In other words, saying it's all Trump"}, {"start": "00:12:08", "end": "00:12:13", "text": "that's causing this problem. Back to my"}, {"start": "00:12:11", "end": "00:12:15", "text": "original point is this may not"}, {"start": "00:12:13", "end": "00:12:18", "text": "necessarily be about ethics at all. This"}, {"start": "00:12:15", "end": "00:12:21", "text": "is really about stable coin yields. And"}, {"start": "00:12:18", "end": "00:12:24", "text": "to kind of level the field, remember"}, {"start": "00:12:21", "end": "00:12:26", "text": "Hunter Biden just launched a meme token"}, {"start": "00:12:24", "end": "00:12:28", "text": "48 hours before all of this is"}, {"start": "00:12:26", "end": "00:12:30", "text": "happening. Now, why why would he do"}, {"start": "00:12:28", "end": "00:12:32", "text": "that? Trump has done the same thing. So,"}, {"start": "00:12:30", "end": "00:12:34", "text": "now you have now both Democratic and"}, {"start": "00:12:32", "end": "00:12:36", "text": "Republican. It's like nobody has the"}, {"start": "00:12:34", "end": "00:12:37", "text": "corner on this. Here is Biden talking"}, {"start": "00:12:36", "end": "00:12:40", "text": "about it."}, {"start": "00:12:37", "end": "00:12:42", "text": ">> The only reason that we announced the"}, {"start": "00:12:40", "end": "00:12:45", "text": "launch of the coin 48 hours before we"}, {"start": "00:12:42", "end": "00:12:47", "text": "actually did was because we were"}, {"start": "00:12:45", "end": "00:12:49", "text": "launching on a centralized exchange and"}, {"start": "00:12:47", "end": "00:12:51", "text": "they required us to do that. And in that"}, {"start": "00:12:49", "end": "00:12:53", "text": "48 hours, what ended up happening is in"}, {"start": "00:12:51", "end": "00:12:56", "text": "that first hours is that, you know,"}, {"start": "00:12:53", "end": "00:12:58", "text": "whether it's bots or trolls on crypto"}, {"start": "00:12:56", "end": "00:12:59", "text": "Twitter just tore it all apart before"}, {"start": "00:12:58", "end": "00:13:01", "text": "even knowing anything about the"}, {"start": "00:12:59", "end": "00:13:04", "text": "tokconomics, it gave the centralized"}, {"start": "00:13:01", "end": "00:13:06", "text": "exchanges the excuse for whatever"}, {"start": "00:13:04", "end": "00:13:08", "text": "reason, uh, political or otherwise, to"}, {"start": "00:13:06", "end": "00:13:09", "text": "literally in the last minute pull the"}, {"start": "00:13:08", "end": "00:13:12", "text": "listing from us and say they were going"}, {"start": "00:13:09", "end": "00:13:14", "text": "to take a wait and see um, uh, look at"}, {"start": "00:13:12", "end": "00:13:15", "text": "it. And that's the only reason why we"}, {"start": "00:13:14", "end": "00:13:17", "text": "ended up having to launch on a"}, {"start": "00:13:15", "end": "00:13:20", "text": "decentralized uh, decentralized"}, {"start": "00:13:17", "end": "00:13:22", "text": "exchanges. centralized exchanges sound"}, {"start": "00:13:20", "end": "00:13:23", "text": "to be at fault here, not just the market"}, {"start": "00:13:22", "end": "00:13:26", "text": "makers. And my question is like, Hunter,"}, {"start": "00:13:23", "end": "00:13:27", "text": "can you name names or understand if not"}, {"start": "00:13:26", "end": "00:13:29", "text": "for legal name?"}, {"start": "00:13:27", "end": "00:13:31", "text": ">> But here's the deal, guys. You got to"}, {"start": "00:13:29", "end": "00:13:34", "text": "give me at least 5 days to be able to do"}, {"start": "00:13:31", "end": "00:13:37", "text": "exactly that. I don't want to [�__�] this"}, {"start": "00:13:34", "end": "00:13:40", "text": "up even worse. I will. I promise you,"}, {"start": "00:13:37", "end": "00:13:43", "text": "and I will have a full report of exactly"}, {"start": "00:13:40", "end": "00:13:45", "text": "who, what, where, and when. 99% of the"}, {"start": "00:13:43", "end": "00:13:46", "text": "general public doesn't have a goddamn"}, {"start": "00:13:45", "end": "00:13:48", "text": "idea of anything that we're talking"}, {"start": "00:13:46", "end": "00:13:50", "text": "about. But of the 1% that matter that"}, {"start": "00:13:48", "end": "00:13:52", "text": "are engaged in this community, it is"}, {"start": "00:13:50", "end": "00:13:56", "text": "incredibly important to them. And I feel"}, {"start": "00:13:52", "end": "00:13:58", "text": "a 100% obligation to get every single"}, {"start": "00:13:56", "end": "00:14:00", "text": "answer and make right every single thing"}, {"start": "00:13:58", "end": "00:14:01", "text": "that I can make right. I said the one"}, {"start": "00:14:00", "end": "00:14:03", "text": "thing that this can never be, it can"}, {"start": "00:14:01", "end": "00:14:05", "text": "never be perceived to be a, you know,"}, {"start": "00:14:03", "end": "00:14:07", "text": "quote unquote rugpull. And of course,"}, {"start": "00:14:05", "end": "00:14:08", "text": "what is the exact thing that ends up"}, {"start": "00:14:07", "end": "00:14:10", "text": "happening?"}, {"start": "00:14:08", "end": "00:14:12", "text": ">> A guy tweeted that you launching this"}, {"start": "00:14:10", "end": "00:14:15", "text": "memecoin somehow evened out the"}, {"start": "00:14:12", "end": "00:14:17", "text": "Democrats here and brought us back to"}, {"start": "00:14:15", "end": "00:14:19", "text": "square. Is that wrong?"}, {"start": "00:14:17", "end": "00:14:22", "text": ">> Well, look, if the Clarity Act passes, I"}, {"start": "00:14:19", "end": "00:14:24", "text": "want you to know this that I'm taking"}, {"start": "00:14:22", "end": "00:14:25", "text": "full [�__�] credit for it. That's what"}, {"start": "00:14:24", "end": "00:14:26", "text": "I'm going to do."}, {"start": "00:14:25", "end": "00:14:29", "text": ">> What?"}, {"start": "00:14:26", "end": "00:14:31", "text": ">> Well, explain that. Explain explain."}, {"start": "00:14:29", "end": "00:14:32", "text": "Explain your"}, {"start": "00:14:31", "end": "00:14:34", "text": ">> Yeah, I'm kidding."}, {"start": "00:14:32", "end": "00:14:35", "text": ">> Is he kidding? Is he kidding? Because"}, {"start": "00:14:34", "end": "00:14:37", "text": "when you look at this, first of all,"}, {"start": "00:14:35", "end": "00:14:39", "text": "there's a lot to unpack there. Uh, one"}, {"start": "00:14:37", "end": "00:14:42", "text": "thing is it kind of does balance the"}, {"start": "00:14:39", "end": "00:14:44", "text": "field and that everybody can rug pull in"}, {"start": "00:14:42", "end": "00:14:45", "text": "the essence of a memecoin when everybody"}, {"start": "00:14:44", "end": "00:14:47", "text": "understands what memecoins really are"}, {"start": "00:14:45", "end": "00:14:49", "text": "all about. The more interesting thing"}, {"start": "00:14:47", "end": "00:14:52", "text": "here though was the centralized"}, {"start": "00:14:49", "end": "00:14:56", "text": "exchanges pulling the token last minute"}, {"start": "00:14:52", "end": "00:14:59", "text": "and he actually insinuated that is it"}, {"start": "00:14:56", "end": "00:15:01", "text": "something political. So, are we getting"}, {"start": "00:14:59", "end": "00:15:04", "text": "centralized exchanges now drawing the"}, {"start": "00:15:01", "end": "00:15:07", "text": "line in the sand based on a political"}, {"start": "00:15:04", "end": "00:15:08", "text": "affiliation of a meme token? That is a"}, {"start": "00:15:07", "end": "00:15:11", "text": "question that's going to be asked and I"}, {"start": "00:15:08", "end": "00:15:13", "text": "think answered if he does actually come"}, {"start": "00:15:11", "end": "00:15:16", "text": "out with the centralized exchanges that"}, {"start": "00:15:13", "end": "00:15:18", "text": "did this. This could get bad in a very"}, {"start": "00:15:16", "end": "00:15:20", "text": "bad way. So, uh we're going to watch on"}, {"start": "00:15:18", "end": "00:15:23", "text": "this. All right? Because it's it's could"}, {"start": "00:15:20", "end": "00:15:24", "text": "be a very huge issue lay laying into"}, {"start": "00:15:23", "end": "00:15:26", "text": "what is going to happen with Clarity"}, {"start": "00:15:24", "end": "00:15:30", "text": "today. Now, I want to go into a plot"}, {"start": "00:15:26", "end": "00:15:34", "text": "twist and this changes things up again"}, {"start": "00:15:30", "end": "00:15:36", "text": "because votes matter and now you have"}, {"start": "00:15:34", "end": "00:15:39", "text": "Mitch McConnell returning. Take a look."}, {"start": "00:15:36", "end": "00:15:43", "text": "Plot twist. Mitch McConnell is alive."}, {"start": "00:15:39", "end": "00:15:43", "text": ">> No, just no."}, {"start": "00:15:43", "end": "00:15:46", "text": ">> I'm going to pass on that one. These"}, {"start": "00:15:44", "end": "00:15:47", "text": "guys are going crazy today with our"}, {"start": "00:15:46", "end": "00:15:49", "text": "lightning rounds."}, {"start": "00:15:47", "end": "00:15:50", "text": ">> Yeah, but Lmen is dead. He's not around"}, {"start": "00:15:49", "end": "00:15:54", "text": "anybody anymore."}, {"start": "00:15:50", "end": "00:15:57", "text": ">> I know that. You know that."}, {"start": "00:15:54", "end": "00:15:59", "text": "Nobody else knows that."}, {"start": "00:15:57", "end": "00:16:02", "text": ">> IT looks good enough. Let's go."}, {"start": "00:15:59", "end": "00:16:04", "text": ">> Hey, Bernie. Just like last week, huh?"}, {"start": "00:16:02", "end": "00:16:06", "text": ">> Are you feeling good, Mitch?"}, {"start": "00:16:04", "end": "00:16:10", "text": ">> Looks good."}, {"start": "00:16:06", "end": "00:16:10", "text": ">> Give us a thumbs up."}, {"start": "00:16:12", "end": "00:16:18", "text": ">> Are you Is that real? He's going to go"}, {"start": "00:16:14", "end": "00:16:20", "text": "in and act like he voted. So, okay guys,"}, {"start": "00:16:18", "end": "00:16:21", "text": "all kidding aside, I mean, this is the"}, {"start": "00:16:20", "end": "00:16:23", "text": "kind of issue that we are facing right"}, {"start": "00:16:21", "end": "00:16:25", "text": "now as every vote is going to count. You"}, {"start": "00:16:23", "end": "00:16:27", "text": "look at McConnell returning after a"}, {"start": "00:16:25", "end": "00:16:30", "text": "month-long absence for this crucial"}, {"start": "00:16:27", "end": "00:16:32", "text": "vote. Very interesting there. I I don't"}, {"start": "00:16:30", "end": "00:16:34", "text": "know, guys. This just looks like elder"}, {"start": "00:16:32", "end": "00:16:36", "text": "abuse to me. This is terrible to see"}, {"start": "00:16:34", "end": "00:16:38", "text": "this kind of thing happening in our"}, {"start": "00:16:36", "end": "00:16:41", "text": "government right now as we line up for"}, {"start": "00:16:38", "end": "00:16:43", "text": "the most critical vote that could be"}, {"start": "00:16:41", "end": "00:16:45", "text": "affecting not only technology but also"}, {"start": "00:16:43", "end": "00:16:47", "text": "the banking and the finance industry for"}, {"start": "00:16:45", "end": "00:16:49", "text": "the next two decades. So huge issues"}, {"start": "00:16:47", "end": "00:16:52", "text": "going forward here. I want to show you"}, {"start": "00:16:49", "end": "00:16:53", "text": "one thing and that is the lineup on"}, {"start": "00:16:52", "end": "00:16:55", "text": "timeline here. If you look at the"}, {"start": "00:16:53", "end": "00:16:57", "text": "September calendar for Congress, there's"}, {"start": "00:16:55", "end": "00:16:59", "text": "a handful today. Here we are on the"}, {"start": "00:16:57", "end": "00:17:01", "text": "15th. There's maybe a couple of days"}, {"start": "00:16:59", "end": "00:17:05", "text": "there. Remember this is Senate only on"}, {"start": "00:17:01", "end": "00:17:07", "text": "the 18th. Then you have the 22nd through"}, {"start": "00:17:05", "end": "00:17:10", "text": "the 25th and the 28th through the 30th"}, {"start": "00:17:07", "end": "00:17:12", "text": "that would be potentially available if"}, {"start": "00:17:10", "end": "00:17:14", "text": "something does get shattered out today"}, {"start": "00:17:12", "end": "00:17:17", "text": "and they postpone this vote because it's"}, {"start": "00:17:14", "end": "00:17:18", "text": "going to happen here in maybe by the"}, {"start": "00:17:17", "end": "00:17:21", "text": "time this is posted within the next"}, {"start": "00:17:18", "end": "00:17:22", "text": "hour. So be on the lookout for all of"}, {"start": "00:17:21", "end": "00:17:24", "text": "that. I want to go to this right here"}, {"start": "00:17:22", "end": "00:17:27", "text": "because this will get into some of the"}, {"start": "00:17:24", "end": "00:17:30", "text": "impact of what this will do to the"}, {"start": "00:17:27", "end": "00:17:32", "text": "market. Circle and coin stocks both slip"}, {"start": "00:17:30", "end": "00:17:34", "text": "on pre-market. This of course is"}, {"start": "00:17:32", "end": "00:17:38", "text": "starting to happen in the sense that we"}, {"start": "00:17:34", "end": "00:17:41", "text": "saw what would happen most likely to"}, {"start": "00:17:38", "end": "00:17:42", "text": "tokens and stocks that are related to"}, {"start": "00:17:41", "end": "00:17:44", "text": "this clarity act. And of course when you"}, {"start": "00:17:42", "end": "00:17:47", "text": "look at the chart right now, this is the"}, {"start": "00:17:44", "end": "00:17:49", "text": "circle chart right here. I'll go for"}, {"start": "00:17:47", "end": "00:17:51", "text": "you. This was the high right here as we"}, {"start": "00:17:49", "end": "00:17:54", "text": "were in fever pitch around 103. This"}, {"start": "00:17:51", "end": "00:17:57", "text": "happened of course last Thursday sliding"}, {"start": "00:17:54", "end": "00:17:59", "text": "down now to $88."}, {"start": "00:17:57", "end": "00:18:01", "text": "I'm not telling anybody to do anything"}, {"start": "00:17:59", "end": "00:18:04", "text": "in terms of buying a stock, but I'm just"}, {"start": "00:18:01", "end": "00:18:08", "text": "looking at this and wondering is this"}, {"start": "00:18:04", "end": "00:18:11", "text": "either priced in on the bad side or what"}, {"start": "00:18:08", "end": "00:18:13", "text": "happens if by chance they somehow get"}, {"start": "00:18:11", "end": "00:18:14", "text": "this done? I don't know. It's an"}, {"start": "00:18:13", "end": "00:18:17", "text": "interesting point. Now, if you guys"}, {"start": "00:18:14", "end": "00:18:19", "text": "remember, we did a whole video on these"}, {"start": "00:18:17", "end": "00:18:22", "text": "kinds of issues. What would be the play"}, {"start": "00:18:19", "end": "00:18:24", "text": "if uh clarity proof tokens could play"}, {"start": "00:18:22", "end": "00:18:26", "text": "out on the other side? Well, one of the"}, {"start": "00:18:24", "end": "00:18:28", "text": "slides that we presented was this one"}, {"start": "00:18:26", "end": "00:18:30", "text": "right here. Let me kind of slide forward"}, {"start": "00:18:28", "end": "00:18:32", "text": "to it real quick. So, what we did was we"}, {"start": "00:18:30", "end": "00:18:34", "text": "looked at the filter. If a company would"}, {"start": "00:18:32", "end": "00:18:35", "text": "bet its brand, this was a thing we were"}, {"start": "00:18:34", "end": "00:18:38", "text": "focusing on right here. If a company bet"}, {"start": "00:18:35", "end": "00:18:40", "text": "its brand on the bill, it needs the"}, {"start": "00:18:38", "end": "00:18:42", "text": "bill. And we know who those are. It's"}, {"start": "00:18:40", "end": "00:18:44", "text": "going to be Circle and Coinbase right"}, {"start": "00:18:42", "end": "00:18:46", "text": "there. Genius left the FE yield fight"}, {"start": "00:18:44", "end": "00:18:48", "text": "open. Banks are still attacking. That's"}, {"start": "00:18:46", "end": "00:18:51", "text": "the anticipation that we saw. Circle"}, {"start": "00:18:48", "end": "00:18:53", "text": "would be in here. If in fact that goes"}, {"start": "00:18:51", "end": "00:18:55", "text": "through, it will be hit and it has been"}, {"start": "00:18:53", "end": "00:18:58", "text": "hit significantly because of what's"}, {"start": "00:18:55", "end": "00:19:02", "text": "happened today, which is the banks have"}, {"start": "00:18:58", "end": "00:19:04", "text": "gone out full force again after yields"}, {"start": "00:19:02", "end": "00:19:06", "text": "when it comes to stable coins. So, you"}, {"start": "00:19:04", "end": "00:19:09", "text": "can kind of see interesting is"}, {"start": "00:19:06", "end": "00:19:11", "text": "situations are brewing right now in DC."}, {"start": "00:19:09", "end": "00:19:13", "text": "The negotiations are getting very"}, {"start": "00:19:11", "end": "00:19:16", "text": "heated. We're going to be watching this"}, {"start": "00:19:13", "end": "00:19:16", "text": "very closely."}, {"start": "00:19:20", "end": "00:19:24", "text": "If you like this video, hit like and"}, {"start": "00:19:22", "end": "00:19:27", "text": "subscribe. Drop a comment down below and"}, {"start": "00:19:24", "end": "00:19:31", "text": "also join our free private member group."}, {"start": "00:19:27", "end": "00:19:31", "text": "The link is in the description."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Cardano on the daily chart having a bit"}, {"start": "00:00:02", "end": "00:00:06", "text": "of a breakout but at the same exact time"}, {"start": "00:00:04", "end": "00:00:11", "text": "actually hitting massive massive"}, {"start": "00:00:06", "end": "00:00:14", "text": "resistance on the weekly 1,848"}, {"start": "00:00:11", "end": "00:00:16", "text": "days of bare market potentially coming"}, {"start": "00:00:14", "end": "00:00:18", "text": "to an end and it all hinges on this"}, {"start": "00:00:16", "end": "00:00:21", "text": "pattern that you see on the chart. So"}, {"start": "00:00:18", "end": "00:00:23", "text": "what happens on the daily chart very"}, {"start": "00:00:21", "end": "00:00:25", "text": "important for ADA holders want to look"}, {"start": "00:00:23", "end": "00:00:27", "text": "at what to anticipate in terms of price"}, {"start": "00:00:25", "end": "00:00:30", "text": "targets a confirmed breakout and I want"}, {"start": "00:00:27", "end": "00:00:33", "text": "to look at midnight this is night on"}, {"start": "00:00:30", "end": "00:00:35", "text": "Cardono I want to talk about its entry"}, {"start": "00:00:33", "end": "00:00:37", "text": "into its first bull market targets what"}, {"start": "00:00:35", "end": "00:00:40", "text": "I'm looking for what I'm watching for in"}, {"start": "00:00:37", "end": "00:00:43", "text": "terms of what it has in terms of fuel"}, {"start": "00:00:40", "end": "00:00:45", "text": "for this cycle. So let's jump into the"}, {"start": "00:00:43", "end": "00:00:47", "text": "video. Quick shout out to Coinbase for"}, {"start": "00:00:45", "end": "00:00:48", "text": "sponsoring today's video. We're partner"}, {"start": "00:00:47", "end": "00:00:50", "text": "with Coinbase everybody. If you don't"}, {"start": "00:00:48", "end": "00:00:54", "text": "have an account with Coinbase, click the"}, {"start": "00:00:50", "end": "00:00:56", "text": "link below. Get up to $250 USDC in"}, {"start": "00:00:54", "end": "00:00:58", "text": "rewards. And if you're accumulating"}, {"start": "00:00:56", "end": "00:01:01", "text": "Cardano, if you're playing Cardano for"}, {"start": "00:00:58", "end": "00:01:03", "text": "this cycle, Coinbase and their system"}, {"start": "00:01:01", "end": "00:01:04", "text": "makes it so incredibly easy. And if you"}, {"start": "00:01:03", "end": "00:01:07", "text": "don't have an account yet, you're"}, {"start": "00:01:04", "end": "00:01:11", "text": "getting withdrawable or tradable rewards"}, {"start": "00:01:07", "end": "00:01:13", "text": "for hitting these milestones. $25 USDC"}, {"start": "00:01:11", "end": "00:01:14", "text": "just by completing your ID verification."}, {"start": "00:01:13", "end": "00:01:17", "text": "You can click the link below, get that"}, {"start": "00:01:14", "end": "00:01:21", "text": "done in minutes. 25 USDC for just"}, {"start": "00:01:17", "end": "00:01:24", "text": "depositing 2500 USDC. Another 50 USDC"}, {"start": "00:01:21", "end": "00:01:27", "text": "for trading 10,000 USDC. That happens"}, {"start": "00:01:24", "end": "00:01:30", "text": "quickly. And so up to $250 in USDC"}, {"start": "00:01:27", "end": "00:01:31", "text": "rewards 247 dedicated concier. It's"}, {"start": "00:01:30", "end": "00:01:34", "text": "awesome when you're back there. If you"}, {"start": "00:01:31", "end": "00:01:35", "text": "have any issues, you just go back there,"}, {"start": "00:01:34", "end": "00:01:38", "text": "you message the team, and it's crazy"}, {"start": "00:01:35", "end": "00:01:40", "text": "just to be locked in and getting help"}, {"start": "00:01:38", "end": "00:01:42", "text": "when you're back in their in their app."}, {"start": "00:01:40", "end": "00:01:43", "text": "So, sign up through the Coinbase link"}, {"start": "00:01:42", "end": "00:01:46", "text": "below if you don't have an account"}, {"start": "00:01:43", "end": "00:01:51", "text": "already. I want to start with uh Cardano"}, {"start": "00:01:46", "end": "00:01:52", "text": "on the weekly 1,848 days of bare market"}, {"start": "00:01:51", "end": "00:01:55", "text": "and I want to paint you a picture. This"}, {"start": "00:01:52", "end": "00:01:57", "text": "is not a Cardano problem real quick."}, {"start": "00:01:55", "end": "00:01:59", "text": "Others BTC"}, {"start": "00:01:57", "end": "00:02:01", "text": "that 1,800 days makes complete sense."}, {"start": "00:01:59", "end": "00:02:05", "text": "Here's the top of altcoins versus"}, {"start": "00:02:01", "end": "00:02:08", "text": "Bitcoin. Here is the business cycle"}, {"start": "00:02:05", "end": "00:02:11", "text": "entering into contraction, right? And"}, {"start": "00:02:08", "end": "00:02:14", "text": "we've been suppressed for years. And so"}, {"start": "00:02:11", "end": "00:02:18", "text": "this chart, altcoins versus Bitcoin, is"}, {"start": "00:02:14", "end": "00:02:21", "text": "1,692 days, around 1,700 days of just"}, {"start": "00:02:18", "end": "00:02:22", "text": "bare market versus Bitcoin. The whole"}, {"start": "00:02:21", "end": "00:02:25", "text": "point here is when we're starting to"}, {"start": "00:02:22", "end": "00:02:27", "text": "study and look at the Cardano charts and"}, {"start": "00:02:25", "end": "00:02:29", "text": "even the midnight charts is all of that"}, {"start": "00:02:27", "end": "00:02:33", "text": "contraction, which was record-breaking"}, {"start": "00:02:29", "end": "00:02:35", "text": "on the business cycle and economic"}, {"start": "00:02:33", "end": "00:02:37", "text": "just contraction is coming to an end and"}, {"start": "00:02:35", "end": "00:02:39", "text": "we're entering a season of economic"}, {"start": "00:02:37", "end": "00:02:42", "text": "expansion. And that's part of my thesis."}, {"start": "00:02:39", "end": "00:02:44", "text": "It's not a guarantee, but if we are"}, {"start": "00:02:42", "end": "00:02:47", "text": "entering expansion, this is where"}, {"start": "00:02:44", "end": "00:02:50", "text": "altcoin bull markets begin and this is"}, {"start": "00:02:47", "end": "00:02:52", "text": "where they happen. And so this is very"}, {"start": "00:02:50", "end": "00:02:53", "text": "meaningful right now for Cardano if"}, {"start": "00:02:52", "end": "00:02:55", "text": "you're a Cardano ADA holder because"}, {"start": "00:02:53", "end": "00:02:57", "text": "right now this might be actually"}, {"start": "00:02:55", "end": "00:02:58", "text": "breaking out the altcoin versus Bitcoin"}, {"start": "00:02:57", "end": "00:03:00", "text": "chart. So if we go in here into"}, {"start": "00:02:58", "end": "00:03:02", "text": "Coinbase, this is the weekly. This is"}, {"start": "00:03:00", "end": "00:03:05", "text": "what it looks like. Over 1,800 days of"}, {"start": "00:03:02", "end": "00:03:06", "text": "just down and sideways. it. You know,"}, {"start": "00:03:05", "end": "00:03:08", "text": "when we're looking at this chart, it's"}, {"start": "00:03:06", "end": "00:03:13", "text": "like, man, Cardano was just here around"}, {"start": "00:03:08", "end": "00:03:15", "text": "$3 just I mean, this was 2021. This was"}, {"start": "00:03:13", "end": "00:03:18", "text": "5 years ago, everybody. And here we are"}, {"start": "00:03:15", "end": "00:03:20", "text": "right now in 2026. And we're we're"}, {"start": "00:03:18", "end": "00:03:22", "text": "talking about a shift out of an"}, {"start": "00:03:20", "end": "00:03:24", "text": "incredibly difficult bare market. And it"}, {"start": "00:03:22", "end": "00:03:26", "text": "really does kind of start here on this"}, {"start": "00:03:24", "end": "00:03:31", "text": "on this daily chart where in this"}, {"start": "00:03:26", "end": "00:03:32", "text": "pattern we see that Cardano hit 13 cents"}, {"start": "00:03:31", "end": "00:03:36", "text": "and we started kind of creating this"}, {"start": "00:03:32", "end": "00:03:37", "text": "higher higher low structure. The reason"}, {"start": "00:03:36", "end": "00:03:38", "text": "I'm saying and I want to talk about"}, {"start": "00:03:37", "end": "00:03:40", "text": "targets to the upside and breakout here."}, {"start": "00:03:38", "end": "00:03:42", "text": "The reason I'm saying there's resistance"}, {"start": "00:03:40", "end": "00:03:45", "text": "is because before we had this"}, {"start": "00:03:42", "end": "00:03:47", "text": "capitulation back here in May into June,"}, {"start": "00:03:45", "end": "00:03:50", "text": "there was this consolidation range that"}, {"start": "00:03:47", "end": "00:03:52", "text": "Cardono was kind of trading within. This"}, {"start": "00:03:50", "end": "00:03:54", "text": "exact range is what Cardano is"}, {"start": "00:03:52", "end": "00:03:55", "text": "approaching right now. So even if we"}, {"start": "00:03:54", "end": "00:03:57", "text": "just put aside the structure that is"}, {"start": "00:03:55", "end": "00:04:00", "text": "setting up here, Cardano is in this"}, {"start": "00:03:57", "end": "00:04:03", "text": "range and there's just clear there's"}, {"start": "00:04:00", "end": "00:04:07", "text": "just clearly going to be this resistance"}, {"start": "00:04:03", "end": "00:04:09", "text": "in here. Now what makes it kind of good"}, {"start": "00:04:07", "end": "00:04:12", "text": "if you're an ADA holder is this. If"}, {"start": "00:04:09", "end": "00:04:15", "text": "Cardano starts escaping not only the"}, {"start": "00:04:12", "end": "00:04:17", "text": "pattern, right? If it starts escaping"}, {"start": "00:04:15", "end": "00:04:20", "text": "the pattern and actually escaping this"}, {"start": "00:04:17", "end": "00:04:24", "text": "range, we go into what we can call kind"}, {"start": "00:04:20", "end": "00:04:26", "text": "of like a midterm price discovery. It's"}, {"start": "00:04:24", "end": "00:04:29", "text": "not like all-time high price discovery"}, {"start": "00:04:26", "end": "00:04:31", "text": "clearly, but it's this midterm exit out"}, {"start": "00:04:29", "end": "00:04:34", "text": "of the bare market price discovery. The"}, {"start": "00:04:31", "end": "00:04:36", "text": "first target for Cardano out of that"}, {"start": "00:04:34", "end": "00:04:38", "text": "price discovery is pretty much in this"}, {"start": "00:04:36", "end": "00:04:41", "text": "40cent range. And you you'll notice"}, {"start": "00:04:38", "end": "00:04:42", "text": "immediately why that's notable is"}, {"start": "00:04:41", "end": "00:04:44", "text": "because when you start zooming out on"}, {"start": "00:04:42", "end": "00:04:46", "text": "the chart, right? Right. And if we want"}, {"start": "00:04:44", "end": "00:04:48", "text": "to try and put a picture to this, start"}, {"start": "00:04:46", "end": "00:04:50", "text": "zooming out on the daily chart and"}, {"start": "00:04:48", "end": "00:04:54", "text": "you're like just eyeing up this range of"}, {"start": "00:04:50", "end": "00:04:57", "text": "40 cents, you just notice it's kind of"}, {"start": "00:04:54", "end": "00:05:00", "text": "just this very meaningful area where"}, {"start": "00:04:57", "end": "00:05:02", "text": "we've seen Cordano in different parts of"}, {"start": "00:05:00", "end": "00:05:04", "text": "the cycle just kind of consolidate or"}, {"start": "00:05:02", "end": "00:05:07", "text": "see resistance, right? And and what we"}, {"start": "00:05:04", "end": "00:05:10", "text": "would anticipate at 40 cents for Cordono"}, {"start": "00:05:07", "end": "00:05:12", "text": "on the way out of this entire bare"}, {"start": "00:05:10", "end": "00:05:14", "text": "market would be if it hits that target,"}, {"start": "00:05:12", "end": "00:05:17", "text": "it's a pattern target of around 40"}, {"start": "00:05:14", "end": "00:05:18", "text": "cents. Well, then we might see"}, {"start": "00:05:17", "end": "00:05:20", "text": "resistance or we might see"}, {"start": "00:05:18", "end": "00:05:21", "text": "consolidation. That becomes meaningful"}, {"start": "00:05:20", "end": "00:05:23", "text": "when we start looking at and studying"}, {"start": "00:05:21", "end": "00:05:25", "text": "the weekly chart because now we're"}, {"start": "00:05:23", "end": "00:05:29", "text": "talking about the macro shift really out"}, {"start": "00:05:25", "end": "00:05:31", "text": "of general. We got to break milestones,"}, {"start": "00:05:29", "end": "00:05:33", "text": "right? that first target of 40 cents, a"}, {"start": "00:05:31", "end": "00:05:35", "text": "dollar, the dollar milestone is"}, {"start": "00:05:33", "end": "00:05:37", "text": "ridiculous. But along the way are these"}, {"start": "00:05:35", "end": "00:05:39", "text": "moving averages. And I just want to"}, {"start": "00:05:37", "end": "00:05:41", "text": "point out to you the 200 week moving"}, {"start": "00:05:39", "end": "00:05:44", "text": "average, which is the last big moving"}, {"start": "00:05:41", "end": "00:05:48", "text": "average for Cardano to break, sits at"}, {"start": "00:05:44", "end": "00:05:51", "text": "around 46 to 47. So if Cardano's hitting"}, {"start": "00:05:48", "end": "00:05:53", "text": "this 40 target to the short term, there"}, {"start": "00:05:51", "end": "00:05:56", "text": "could be resistance there. But at the"}, {"start": "00:05:53", "end": "00:06:00", "text": "same time, the range is really range of"}, {"start": "00:05:56", "end": "00:06:02", "text": "resistance is 40 to 46 cents. If Cardano"}, {"start": "00:06:00", "end": "00:06:04", "text": "starts breaking out of that area and"}, {"start": "00:06:02", "end": "00:06:07", "text": "above, we're going to really start"}, {"start": "00:06:04", "end": "00:06:10", "text": "talking about Cardano entering its its"}, {"start": "00:06:07", "end": "00:06:12", "text": "bull market. We could say Cardano is"}, {"start": "00:06:10", "end": "00:06:13", "text": "entering its bull market now. It's"}, {"start": "00:06:12", "end": "00:06:15", "text": "exiting its bare market. We could say"}, {"start": "00:06:13", "end": "00:06:17", "text": "that. But we have to be very careful"}, {"start": "00:06:15", "end": "00:06:19", "text": "because if we go back to the pattern now"}, {"start": "00:06:17", "end": "00:06:21", "text": "and we can talk about if this fails"}, {"start": "00:06:19", "end": "00:06:23", "text": "because again we are at resistance. It"}, {"start": "00:06:21", "end": "00:06:26", "text": "means we might have a failed breakout"}, {"start": "00:06:23", "end": "00:06:27", "text": "here. We might fall back into this range"}, {"start": "00:06:26", "end": "00:06:29", "text": "and and we want to be very mindful of"}, {"start": "00:06:27", "end": "00:06:31", "text": "that. Right? So we're at this"}, {"start": "00:06:29", "end": "00:06:35", "text": "resistance. We talked about this entire"}, {"start": "00:06:31", "end": "00:06:36", "text": "area. We fail, right? Crypto has a"}, {"start": "00:06:35", "end": "00:06:37", "text": "little consolidation right now and"}, {"start": "00:06:36", "end": "00:06:39", "text": "Cardano doesn't have its breakout"}, {"start": "00:06:37", "end": "00:06:42", "text": "moment. This might be if you're in"}, {"start": "00:06:39", "end": "00:06:44", "text": "Coinbase for instance, one of the final"}, {"start": "00:06:42", "end": "00:06:45", "text": "opportunities for accumulation for"}, {"start": "00:06:44", "end": "00:06:47", "text": "Cardano. If you're interested in"}, {"start": "00:06:45", "end": "00:06:48", "text": "accumulating, you might want to be in"}, {"start": "00:06:47", "end": "00:06:51", "text": "Coinbase and start setting buy limit"}, {"start": "00:06:48", "end": "00:06:54", "text": "orders down in this area potentially. We"}, {"start": "00:06:51", "end": "00:06:56", "text": "have the 200 day moving average is down"}, {"start": "00:06:54", "end": "00:07:00", "text": "here around 21 cents. The 50 is around"}, {"start": "00:06:56", "end": "00:07:02", "text": "20 cents. The the 20 and the 200"}, {"start": "00:07:00", "end": "00:07:05", "text": "actually are basically right around the"}, {"start": "00:07:02", "end": "00:07:06", "text": "same area. It's that 21 cent area. You"}, {"start": "00:07:05", "end": "00:07:08", "text": "know, if you're somebody who's like,"}, {"start": "00:07:06", "end": "00:07:10", "text": "I've just been continuing to accumulate."}, {"start": "00:07:08", "end": "00:07:13", "text": "If we get a dip here, I'll just set my"}, {"start": "00:07:10", "end": "00:07:14", "text": "my buy limit orders in Coinbase and I'll"}, {"start": "00:07:13", "end": "00:07:16", "text": "just continue accumulating until we"}, {"start": "00:07:14", "end": "00:07:20", "text": "break out of this range. Right? We kind"}, {"start": "00:07:16", "end": "00:07:22", "text": "of looked at this this concept of these"}, {"start": "00:07:20", "end": "00:07:25", "text": "cryptos. A lot of them are still in"}, {"start": "00:07:22", "end": "00:07:26", "text": "their bottoming out accumulation range."}, {"start": "00:07:25", "end": "00:07:28", "text": "Some of them broke out and if you"}, {"start": "00:07:26", "end": "00:07:30", "text": "started accumulating now, you'd be"}, {"start": "00:07:28", "end": "00:07:33", "text": "chasing that pump. Right now, Cardano is"}, {"start": "00:07:30", "end": "00:07:35", "text": "not one of those coins where you'd be"}, {"start": "00:07:33", "end": "00:07:38", "text": "chasing. It hasn't had this breakout"}, {"start": "00:07:35", "end": "00:07:40", "text": "moment like things like Uniswap or AVAX."}, {"start": "00:07:38", "end": "00:07:43", "text": "For Cardano, what that looks like, if"}, {"start": "00:07:40", "end": "00:07:45", "text": "Cardano had that moment, it would be a"}, {"start": "00:07:43", "end": "00:07:47", "text": "break out of this resistance that it's"}, {"start": "00:07:45", "end": "00:07:49", "text": "at right now and to its target of 40"}, {"start": "00:07:47", "end": "00:07:51", "text": "cents. And then boom, we're in the same"}, {"start": "00:07:49", "end": "00:07:55", "text": "camp as you know what UniS swap is"}, {"start": "00:07:51", "end": "00:07:57", "text": "doing, what what um uh Avac is doing and"}, {"start": "00:07:55", "end": "00:08:00", "text": "all these other coins that have already"}, {"start": "00:07:57", "end": "00:08:02", "text": "broken out. And from swing lows at that"}, {"start": "00:08:00", "end": "00:08:04", "text": "moment, Cardano will be approaching 200%"}, {"start": "00:08:02", "end": "00:08:06", "text": "gains. Maybe that's not as high as"}, {"start": "00:08:04", "end": "00:08:08", "text": "something like Uniswap. I believe it's"}, {"start": "00:08:06", "end": "00:08:10", "text": "closer to 300%, but this is what Cardano"}, {"start": "00:08:08", "end": "00:08:12", "text": "exiting the bare market could look like."}, {"start": "00:08:10", "end": "00:08:14", "text": "And that's the move. But you can notice"}, {"start": "00:08:12", "end": "00:08:16", "text": "we still might be in accumulation zone."}, {"start": "00:08:14", "end": "00:08:19", "text": "And if you're in Coinbase and you want"}, {"start": "00:08:16", "end": "00:08:21", "text": "to market buy, you want to just put buy"}, {"start": "00:08:19", "end": "00:08:24", "text": "limits, continue your DCA, Coinbase"}, {"start": "00:08:21", "end": "00:08:26", "text": "makes that very easy. Um, so this is"}, {"start": "00:08:24", "end": "00:08:28", "text": "what I'm watching for for Cardano. It is"}, {"start": "00:08:26", "end": "00:08:31", "text": "40 cent target to the upside if it"}, {"start": "00:08:28", "end": "00:08:33", "text": "starts kind of just escaping the range"}, {"start": "00:08:31", "end": "00:08:36", "text": "everybody. This is what altcoins have"}, {"start": "00:08:33", "end": "00:08:39", "text": "been doing. They take turns. Cardano"}, {"start": "00:08:36", "end": "00:08:41", "text": "oftent times is kind of towards the end"}, {"start": "00:08:39", "end": "00:08:42", "text": "of that right last in line. Sometimes"}, {"start": "00:08:41", "end": "00:08:44", "text": "it's the beginning but this is how"}, {"start": "00:08:42", "end": "00:08:46", "text": "crypto works. And then to the downside"}, {"start": "00:08:44", "end": "00:08:48", "text": "it really is I want to see if Cardano"}, {"start": "00:08:46", "end": "00:08:50", "text": "fails and we start consolidating"}, {"start": "00:08:48", "end": "00:08:53", "text": "what's going on at these moving"}, {"start": "00:08:50", "end": "00:08:55", "text": "averages. It's a very uh small range of,"}, {"start": "00:08:53", "end": "00:08:57", "text": "you know, 20 to 21 cents of support is"}, {"start": "00:08:55", "end": "00:08:59", "text": "what we'd really want to see Cardono"}, {"start": "00:08:57", "end": "00:09:01", "text": "hold. It's not like game over at all. If"}, {"start": "00:08:59", "end": "00:09:03", "text": "we fall back into the range and we get"}, {"start": "00:09:01", "end": "00:09:05", "text": "the fake breakout right now and we"}, {"start": "00:09:03", "end": "00:09:07", "text": "retest it and we're we're kind of maybe"}, {"start": "00:09:05", "end": "00:09:10", "text": "Cardano is making its move in the next"}, {"start": "00:09:07", "end": "00:09:12", "text": "week or one to two weeks. Um that's"}, {"start": "00:09:10", "end": "00:09:14", "text": "something to keep an eye out for. So"}, {"start": "00:09:12", "end": "00:09:15", "text": "that's price action for Cardano, but you"}, {"start": "00:09:14", "end": "00:09:18", "text": "can see how it kind of translates on the"}, {"start": "00:09:15", "end": "00:09:20", "text": "weekly. It really is a very important"}, {"start": "00:09:18", "end": "00:09:24", "text": "kind of"}, {"start": "00:09:20", "end": "00:09:27", "text": "just pivot point out of this 1,800 day"}, {"start": "00:09:24", "end": "00:09:28", "text": "bare market. Midnight, what I wanted to"}, {"start": "00:09:27", "end": "00:09:32", "text": "mention, just a couple things for, you"}, {"start": "00:09:28", "end": "00:09:33", "text": "know, for this video. Midnight, Midnight"}, {"start": "00:09:32", "end": "00:09:36", "text": "is my Cardano play for the cycle. I've"}, {"start": "00:09:33", "end": "00:09:39", "text": "been pretty clear about that."}, {"start": "00:09:36", "end": "00:09:42", "text": "It's just the asymmetric play. It's run"}, {"start": "00:09:39", "end": "00:09:43", "text": "by IOG. IOGG ran Cardano to almost"}, {"start": "00:09:42", "end": "00:09:46", "text": "hundred billion dollar market cap last"}, {"start": "00:09:43", "end": "00:09:48", "text": "cycle. Midnight's sitting at what, like"}, {"start": "00:09:46", "end": "00:09:51", "text": "it's like 300 million market cap or"}, {"start": "00:09:48", "end": "00:09:54", "text": "something, maybe almost 400 million."}, {"start": "00:09:51", "end": "00:09:57", "text": "So, we can talk short term. I'm watching"}, {"start": "00:09:54", "end": "00:10:00", "text": "to see. And and Midnight has a similar"}, {"start": "00:09:57", "end": "00:10:01", "text": "kind of setup structurally as Cardano."}, {"start": "00:10:00", "end": "00:10:04", "text": "Higher highs, higher lows. It's kind of"}, {"start": "00:10:01", "end": "00:10:06", "text": "failing to break out even even in a in a"}, {"start": "00:10:04", "end": "00:10:09", "text": "weaker sense than Cardano. But first"}, {"start": "00:10:06", "end": "00:10:11", "text": "target is close to 4 cents out of this."}, {"start": "00:10:09", "end": "00:10:14", "text": "I think that's meaningful in the very"}, {"start": "00:10:11", "end": "00:10:16", "text": "short term just because we'd be really"}, {"start": "00:10:14", "end": "00:10:19", "text": "capturing just this area that Midnight"}, {"start": "00:10:16", "end": "00:10:21", "text": "was in before this whole entire bridge"}, {"start": "00:10:19", "end": "00:10:23", "text": "was hacked and Midnight was stolen."}, {"start": "00:10:21", "end": "00:10:25", "text": "That's not a midnight hack, that was"}, {"start": "00:10:23", "end": "00:10:28", "text": "just a bridge, but Midnight was stolen"}, {"start": "00:10:25", "end": "00:10:31", "text": "and sold. So recapturing this range,"}, {"start": "00:10:28", "end": "00:10:32", "text": "that's like very important. But that's"}, {"start": "00:10:31", "end": "00:10:35", "text": "what this could lead to. If if Midnight"}, {"start": "00:10:32", "end": "00:10:37", "text": "makes its breakout, we're capturing that"}, {"start": "00:10:35", "end": "00:10:38", "text": "range. But for me, what I'm watching in"}, {"start": "00:10:37", "end": "00:10:40", "text": "terms of Midnight, if you look at this"}, {"start": "00:10:38", "end": "00:10:43", "text": "brand new chart, this is Midnight's"}, {"start": "00:10:40", "end": "00:10:46", "text": "first cycle, you can just see this"}, {"start": "00:10:43", "end": "00:10:48", "text": "billion $1.6 billion market cap. And"}, {"start": "00:10:46", "end": "00:10:49", "text": "that's kind of this range where price"}, {"start": "00:10:48", "end": "00:10:53", "text": "was starting to trade right when"}, {"start": "00:10:49", "end": "00:10:55", "text": "Midnight Right when Knight was launched."}, {"start": "00:10:53", "end": "00:10:59", "text": "I'd be watching and waiting really for a"}, {"start": "00:10:55", "end": "00:11:02", "text": "floor to start building here for the"}, {"start": "00:10:59", "end": "00:11:05", "text": "cycle. Um, the upside for for Knight is"}, {"start": "00:11:02", "end": "00:11:07", "text": "is there. I mean, this is only $1.6"}, {"start": "00:11:05", "end": "00:11:09", "text": "billion market cap I'm talking about,"}, {"start": "00:11:07", "end": "00:11:11", "text": "everybody. And by the way, this is"}, {"start": "00:11:09", "end": "00:11:14", "text": "Cardano's privacy chain for selective"}, {"start": "00:11:11", "end": "00:11:15", "text": "disclosure. So apps can use private data"}, {"start": "00:11:14", "end": "00:11:17", "text": "without going fully dark. For context,"}, {"start": "00:11:15", "end": "00:11:19", "text": "we think of Zcash right now. Zcash is"}, {"start": "00:11:17", "end": "00:11:21", "text": "massive. It's growing. It keeps breaking"}, {"start": "00:11:19", "end": "00:11:22", "text": "all-time high. It has the privacy"}, {"start": "00:11:21", "end": "00:11:26", "text": "narrative. But I want to point out to"}, {"start": "00:11:22", "end": "00:11:27", "text": "you, Zcash is money. It's private money."}, {"start": "00:11:26", "end": "00:11:30", "text": "And that's the narrative. And that's"}, {"start": "00:11:27", "end": "00:11:32", "text": "fine. That's its lane. You can't compare"}, {"start": "00:11:30", "end": "00:11:34", "text": "Zcash to midnight. And so that's what"}, {"start": "00:11:32", "end": "00:11:37", "text": "also makes me very bullish on on Knight"}, {"start": "00:11:34", "end": "00:11:38", "text": "is because it has the privacy narrative,"}, {"start": "00:11:37", "end": "00:11:40", "text": "but it's solving a different problem"}, {"start": "00:11:38", "end": "00:11:43", "text": "that Zcash does not solve. Midnight is"}, {"start": "00:11:40", "end": "00:11:46", "text": "programmable data protect protection,"}, {"start": "00:11:43", "end": "00:11:48", "text": "which in the the current state of crypto"}, {"start": "00:11:46", "end": "00:11:51", "text": "and the incoming state of crypto and you"}, {"start": "00:11:48", "end": "00:11:53", "text": "think about the agentic economy alone"}, {"start": "00:11:51", "end": "00:11:56", "text": "that will be on crypto,"}, {"start": "00:11:53", "end": "00:11:58", "text": "this is very important. Uh this this"}, {"start": "00:11:56", "end": "00:12:01", "text": "privacy feature and Midnight is offering"}, {"start": "00:11:58", "end": "00:12:03", "text": "it in an incredibly powerful way. So the"}, {"start": "00:12:01", "end": "00:12:05", "text": "the value plays here for Knight as it"}, {"start": "00:12:03", "end": "00:12:08", "text": "sits pretty well below a billion dollar"}, {"start": "00:12:05", "end": "00:12:10", "text": "market cap. So 1.6 billion capturing"}, {"start": "00:12:08", "end": "00:12:12", "text": "that and and creating that as a floor"}, {"start": "00:12:10", "end": "00:12:14", "text": "for the cycle is important. And then"}, {"start": "00:12:12", "end": "00:12:16", "text": "from there it's there's a ton of upside."}, {"start": "00:12:14", "end": "00:12:18", "text": "I mean you're just looking at some I"}, {"start": "00:12:16", "end": "00:12:20", "text": "would just say very realistic targets. I"}, {"start": "00:12:18", "end": "00:12:21", "text": "didn't even go crazy. I didn't put a"}, {"start": "00:12:20", "end": "00:12:24", "text": "hundred billion dollar market cap on"}, {"start": "00:12:21", "end": "00:12:28", "text": "this chart. I put 12 billion and$ 24"}, {"start": "00:12:24", "end": "00:12:29", "text": "billion market cap. Last cycle. Cardano"}, {"start": "00:12:28", "end": "00:12:31", "text": "just blew those numbers out of the"}, {"start": "00:12:29", "end": "00:12:33", "text": "water. So there's even more upside than"}, {"start": "00:12:31", "end": "00:12:35", "text": "what you see here on this chart. But I"}, {"start": "00:12:33", "end": "00:12:38", "text": "wanted to kind of start with a zoomed in"}, {"start": "00:12:35", "end": "00:12:39", "text": "analysis target close to 4 cents. Let's"}, {"start": "00:12:38", "end": "00:12:40", "text": "see if we can get there. That's"}, {"start": "00:12:39", "end": "00:12:44", "text": "important on the shorter term and then"}, {"start": "00:12:40", "end": "00:12:46", "text": "closer to the midterm. 1.6 billion"}, {"start": "00:12:44", "end": "00:12:48", "text": "market cap. Capturing that as a floor"}, {"start": "00:12:46", "end": "00:12:51", "text": "and then seeing how this cycle goes and"}, {"start": "00:12:48", "end": "00:12:53", "text": "then upside from there. And by the way,"}, {"start": "00:12:51", "end": "00:12:56", "text": "I have this green line. This is um"}, {"start": "00:12:53", "end": "00:12:58", "text": "December 4th where the last Glacier"}, {"start": "00:12:56", "end": "00:13:00", "text": "claims come in because there's probably"}, {"start": "00:12:58", "end": "00:13:02", "text": "been some sell pressure from just people"}, {"start": "00:13:00", "end": "00:13:04", "text": "claiming their night tokens and selling"}, {"start": "00:13:02", "end": "00:13:08", "text": "them. That's fine. But when that ends,"}, {"start": "00:13:04", "end": "00:13:10", "text": "be prepared. So maybe a couple of months"}, {"start": "00:13:08", "end": "00:13:12", "text": "left, two and a half months or so left"}, {"start": "00:13:10", "end": "00:13:16", "text": "of just kind of the the speculation of"}, {"start": "00:13:12", "end": "00:13:17", "text": "is there going to be some type of um"}, {"start": "00:13:16", "end": "00:13:20", "text": "sell off because people are selling"}, {"start": "00:13:17", "end": "00:13:22", "text": "tokens. Obviously, we've had this happen"}, {"start": "00:13:20", "end": "00:13:24", "text": "like three times already. This is the"}, {"start": "00:13:22", "end": "00:13:28", "text": "last quarter. I think it's four of these"}, {"start": "00:13:24", "end": "00:13:30", "text": "thaws. But once it's over, everybody,"}, {"start": "00:13:28", "end": "00:13:34", "text": "well, then Knight has even more upside"}, {"start": "00:13:30", "end": "00:13:35", "text": "in terms of pressure cooker upside. So,"}, {"start": "00:13:34", "end": "00:13:36", "text": "um, those are my thoughts today,"}, {"start": "00:13:35", "end": "00:13:38", "text": "everybody. I appreciate you watching."}, {"start": "00:13:36", "end": "00:13:39", "text": "Again, if you're not in Coinbase, use my"}, {"start": "00:13:38", "end": "00:13:41", "text": "link below, get set up with them. Love"}, {"start": "00:13:39", "end": "00:13:42", "text": "Coinbase and everything that the team is"}, {"start": "00:13:41", "end": "00:13:44", "text": "doing over there and what they're doing"}, {"start": "00:13:42", "end": "00:13:46", "text": "for the crypto space. Um, and just go"}, {"start": "00:13:44", "end": "00:13:48", "text": "claim your rewards if you don't have a"}, {"start": "00:13:46", "end": "00:13:49", "text": "Coinbase account. It's a no-brainer,"}, {"start": "00:13:48", "end": "00:13:51", "text": "everybody. So, appreciate you watching."}, {"start": "00:13:49", "end": "00:13:52", "text": "Hit the subscribe if you're not a"}, {"start": "00:13:51", "end": "00:13:56", "text": "subscriber. Turn notifications on. I'll"}, {"start": "00:13:52", "end": "00:13:56", "text": "see you in the next video. God bless."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "This is nothing like we've ever seen"}, {"start": "00:00:01", "end": "00:00:06", "text": "before. If the business cycle is"}, {"start": "00:00:03", "end": "00:00:09", "text": "accelerating while all of this is"}, {"start": "00:00:06", "end": "00:00:12", "text": "scaling, we could have investment,"}, {"start": "00:00:09", "end": "00:00:14", "text": "productivity, and adoption pushing in"}, {"start": "00:00:12", "end": "00:00:16", "text": "the same direction. It's a cycle that"}, {"start": "00:00:14", "end": "00:00:18", "text": "we've absolutely never had before. When"}, {"start": "00:00:16", "end": "00:00:19", "text": "I say we're just getting started, we are"}, {"start": "00:00:18", "end": "00:00:22", "text": "just getting started. I've been looking"}, {"start": "00:00:19", "end": "00:00:24", "text": "at this market through the business"}, {"start": "00:00:22", "end": "00:00:26", "text": "cycle, the lens of the business cycle"}, {"start": "00:00:24", "end": "00:00:27", "text": "for a very long time now, and over the"}, {"start": "00:00:26", "end": "00:00:30", "text": "last few weeks, everybody, it's starting"}, {"start": "00:00:27", "end": "00:00:33", "text": "to really line up, really. Especially"}, {"start": "00:00:30", "end": "00:00:35", "text": "since June. The data, it's been turning."}, {"start": "00:00:33", "end": "00:00:37", "text": "The manufacturing side of the economy,"}, {"start": "00:00:35", "end": "00:00:40", "text": "it's coming out of this hole that it's"}, {"start": "00:00:37", "end": "00:00:42", "text": "been in for a very long time. And crypto"}, {"start": "00:00:40", "end": "00:00:43", "text": "is finally starting to catch up"}, {"start": "00:00:42", "end": "00:00:45", "text": "alongside of that, and alongside of"}, {"start": "00:00:43", "end": "00:00:47", "text": "every other asset class. And I want to"}, {"start": "00:00:45", "end": "00:00:49", "text": "be very clear about why I'm making this"}, {"start": "00:00:47", "end": "00:00:51", "text": "video. I'm not making this video right"}, {"start": "00:00:49", "end": "00:00:53", "text": "now to to say I was right. I was right"}, {"start": "00:00:51", "end": "00:00:54", "text": "about everything."}, {"start": "00:00:53", "end": "00:00:57", "text": "But the reason I'm making the video is"}, {"start": "00:00:54", "end": "00:01:00", "text": "because when things start going your way"}, {"start": "00:00:57", "end": "00:01:02", "text": "in analysis, especially, that's usually"}, {"start": "00:01:00", "end": "00:01:04", "text": "the exact moment most people might stop"}, {"start": "00:01:02", "end": "00:01:06", "text": "thinking hard, and I don't want to do"}, {"start": "00:01:04", "end": "00:01:07", "text": "that. I don't want to make that mistake."}, {"start": "00:01:06", "end": "00:01:10", "text": "I want to actually think harder right"}, {"start": "00:01:07", "end": "00:01:11", "text": "now. So, let me back up here and kind of"}, {"start": "00:01:10", "end": "00:01:14", "text": "just walk through what's going on. The"}, {"start": "00:01:11", "end": "00:01:16", "text": "whole idea behind the concept and the"}, {"start": "00:01:14", "end": "00:01:18", "text": "way that I look at this entire crypto"}, {"start": "00:01:16", "end": "00:01:20", "text": "cycle has been very simple. Crypto"}, {"start": "00:01:18", "end": "00:01:22", "text": "trades with the business cycle, not the"}, {"start": "00:01:20", "end": "00:01:25", "text": "having cycle. When the economy is"}, {"start": "00:01:22", "end": "00:01:28", "text": "contracting and when manufacturing is"}, {"start": "00:01:25", "end": "00:01:31", "text": "shrinking, which it was doing for years,"}, {"start": "00:01:28", "end": "00:01:32", "text": "like 5 years of contraction, when credit"}, {"start": "00:01:31", "end": "00:01:34", "text": "is tight and nobody wants to take risk,"}, {"start": "00:01:32", "end": "00:01:37", "text": "crypto gets punished worse than"}, {"start": "00:01:34", "end": "00:01:39", "text": "anything. And when the economy is"}, {"start": "00:01:37", "end": "00:01:42", "text": "expanding on the flip side, capital"}, {"start": "00:01:39", "end": "00:01:45", "text": "starts coming back, risk appetite starts"}, {"start": "00:01:42", "end": "00:01:47", "text": "coming back, and crypto is the asset"}, {"start": "00:01:45", "end": "00:01:50", "text": "class that benefits the most because"}, {"start": "00:01:47", "end": "00:01:52", "text": "it's the further out furthest out, I"}, {"start": "00:01:50", "end": "00:01:54", "text": "should say, on the risk curve. But"}, {"start": "00:01:52", "end": "00:01:55", "text": "because it's the furthest out, it takes"}, {"start": "00:01:54", "end": "00:01:57", "text": "a little It takes a little bit of time"}, {"start": "00:01:55", "end": "00:01:59", "text": "to get there."}, {"start": "00:01:57", "end": "00:02:01", "text": "But that's it. That's the framework of"}, {"start": "00:01:59", "end": "00:02:05", "text": "my thesis and it's been a very long"}, {"start": "00:02:01", "end": "00:02:06", "text": "monthly process of kind of tracking this"}, {"start": "00:02:05", "end": "00:02:08", "text": "even through the post quantitative"}, {"start": "00:02:06", "end": "00:02:10", "text": "tightening dip, the normalization phase"}, {"start": "00:02:08", "end": "00:02:13", "text": "that we had to go through all of all of"}, {"start": "00:02:10", "end": "00:02:14", "text": "like this year, 2026."}, {"start": "00:02:13", "end": "00:02:17", "text": "The hard part of the cycle was that we"}, {"start": "00:02:14", "end": "00:02:20", "text": "had to sit through contraction probably"}, {"start": "00:02:17", "end": "00:02:22", "text": "a lot longer than most people even"}, {"start": "00:02:20", "end": "00:02:26", "text": "expected, myself included. Manufacturing"}, {"start": "00:02:22", "end": "00:02:29", "text": "was below 50 for what felt like multiple"}, {"start": "00:02:26", "end": "00:02:31", "text": "cycles. Rates, they continued to just"}, {"start": "00:02:29", "end": "00:02:33", "text": "kind of stay where they were and the Fed"}, {"start": "00:02:31", "end": "00:02:35", "text": "dragged its feet over and over and every"}, {"start": "00:02:33", "end": "00:02:37", "text": "time crypto tried to run the macro"}, {"start": "00:02:35", "end": "00:02:40", "text": "backdrop wasn't there to support it at"}, {"start": "00:02:37", "end": "00:02:41", "text": "all. So, it just kept falling and that's"}, {"start": "00:02:40", "end": "00:02:43", "text": "kind of the cycle that we just went"}, {"start": "00:02:41", "end": "00:02:45", "text": "through. It just kept happening over and"}, {"start": "00:02:43", "end": "00:02:49", "text": "over. But that's why the last couple of"}, {"start": "00:02:45", "end": "00:02:51", "text": "years, if not more, it felt very off to"}, {"start": "00:02:49", "end": "00:02:54", "text": "a lot of people."}, {"start": "00:02:51", "end": "00:02:56", "text": "But the thing is it wasn't off."}, {"start": "00:02:54", "end": "00:02:58", "text": "If you've been a macro bull in the"}, {"start": "00:02:56", "end": "00:03:00", "text": "crypto cycle and you've kind of"}, {"start": "00:02:58", "end": "00:03:02", "text": "lived through the downturn and you've"}, {"start": "00:03:00", "end": "00:03:05", "text": "lived through the lack of bull move,"}, {"start": "00:03:02", "end": "00:03:07", "text": "it's because of one very simple thing"}, {"start": "00:03:05", "end": "00:03:08", "text": "and I hope this encourages you."}, {"start": "00:03:07", "end": "00:03:12", "text": "It's not because you're wrong, it's very"}, {"start": "00:03:08", "end": "00:03:14", "text": "simply because you're early. The cycle"}, {"start": "00:03:12", "end": "00:03:16", "text": "just hadn't turned yet."}, {"start": "00:03:14", "end": "00:03:18", "text": "And I'm telling you right now, now it is"}, {"start": "00:03:16", "end": "00:03:20", "text": "turning."}, {"start": "00:03:18", "end": "00:03:23", "text": "And this is the part that I kind of keep"}, {"start": "00:03:20", "end": "00:03:25", "text": "coming back to. If this is an expansion"}, {"start": "00:03:23", "end": "00:03:26", "text": "phase that we're about to enter,"}, {"start": "00:03:25", "end": "00:03:29", "text": "I don't think it's a normal one. You"}, {"start": "00:03:26", "end": "00:03:31", "text": "see, there's a productivity story"}, {"start": "00:03:29", "end": "00:03:33", "text": "building underneath everything that we"}, {"start": "00:03:31", "end": "00:03:35", "text": "have going on right now as a crypto"}, {"start": "00:03:33", "end": "00:03:38", "text": "space that we've not seen since the 90s,"}, {"start": "00:03:35", "end": "00:03:42", "text": "the roaring 90s. Back then, the internet"}, {"start": "00:03:38", "end": "00:03:45", "text": "showed up, businesses figured out how to"}, {"start": "00:03:42", "end": "00:03:47", "text": "actually use the internet, productivity,"}, {"start": "00:03:45", "end": "00:03:50", "text": "therefore, went up, inflation stayed"}, {"start": "00:03:47", "end": "00:03:53", "text": "tame even with strong growth and the"}, {"start": "00:03:50", "end": "00:03:54", "text": "market ran for years, basically like a"}, {"start": "00:03:53", "end": "00:03:57", "text": "decade."}, {"start": "00:03:54", "end": "00:04:00", "text": "That combination, real productivity"}, {"start": "00:03:57", "end": "00:04:03", "text": "growth with an accommodative backdrop,"}, {"start": "00:04:00", "end": "00:04:05", "text": "is very, very rare. You get it maybe"}, {"start": "00:04:03", "end": "00:04:09", "text": "once a generation."}, {"start": "00:04:05", "end": "00:04:10", "text": "AI is the obvious piece this time"}, {"start": "00:04:09", "end": "00:04:13", "text": "around."}, {"start": "00:04:10", "end": "00:04:16", "text": "Everybody is talking about it. Everybody"}, {"start": "00:04:13", "end": "00:04:18", "text": "sees it. And crypto is right in the"}, {"start": "00:04:16", "end": "00:04:20", "text": "crosshairs of it."}, {"start": "00:04:18", "end": "00:04:23", "text": "Companies are already showing efficiency"}, {"start": "00:04:20", "end": "00:04:25", "text": "gains like crazy. Output is going up"}, {"start": "00:04:23", "end": "00:04:27", "text": "without head count going up, and that"}, {"start": "00:04:25", "end": "00:04:30", "text": "shows up in the macro data."}, {"start": "00:04:27", "end": "00:04:32", "text": "Probably already, but also eventually on"}, {"start": "00:04:30", "end": "00:04:34", "text": "the macro, on the long term. But the"}, {"start": "00:04:32", "end": "00:04:37", "text": "piece that I think gets underestimated"}, {"start": "00:04:34", "end": "00:04:38", "text": "here is crypto's role in all of this. I"}, {"start": "00:04:37", "end": "00:04:41", "text": "said it's at the crosshairs because it"}, {"start": "00:04:38", "end": "00:04:43", "text": "is. Just for a moment, think about"}, {"start": "00:04:41", "end": "00:04:46", "text": "what's coming together right now, right"}, {"start": "00:04:43", "end": "00:04:49", "text": "here. AI is driving a massive buildout"}, {"start": "00:04:46", "end": "00:04:51", "text": "of data centers, chips,"}, {"start": "00:04:49", "end": "00:04:53", "text": "power infrastructure. Businesses are"}, {"start": "00:04:51", "end": "00:04:56", "text": "putting it to work like immediately."}, {"start": "00:04:53", "end": "00:04:58", "text": "They're getting more output from all of"}, {"start": "00:04:56", "end": "00:04:59", "text": "the people that they already have."}, {"start": "00:04:58", "end": "00:05:01", "text": "Stablecoins are turning dollars into"}, {"start": "00:04:59", "end": "00:05:04", "text": "money that you can move around the"}, {"start": "00:05:01", "end": "00:05:06", "text": "world, around the clock, 24/7."}, {"start": "00:05:04", "end": "00:05:09", "text": "Tokenization is bringing traditional"}, {"start": "00:05:06", "end": "00:05:11", "text": "financial assets onto those exact same"}, {"start": "00:05:09", "end": "00:05:13", "text": "networks, on chain, on the crypto rails."}, {"start": "00:05:11", "end": "00:05:16", "text": "You saw the SEC announcement last week."}, {"start": "00:05:13", "end": "00:05:18", "text": "These developments, they reinforce each"}, {"start": "00:05:16", "end": "00:05:21", "text": "other. That's the thing. More computing"}, {"start": "00:05:18", "end": "00:05:24", "text": "power, more productive businesses, less"}, {"start": "00:05:21", "end": "00:05:27", "text": "friction moving money, and AI and agents"}, {"start": "00:05:24", "end": "00:05:28", "text": "at the center of it moving an economy"}, {"start": "00:05:27", "end": "00:05:31", "text": "and economic growth that we've never"}, {"start": "00:05:28", "end": "00:05:34", "text": "seen before. And crypto sits right at"}, {"start": "00:05:31", "end": "00:05:37", "text": "that intersection. After being oversold"}, {"start": "00:05:34", "end": "00:05:40", "text": "and contracted for years, it can benefit"}, {"start": "00:05:37", "end": "00:05:42", "text": "from investors taking more risk, but"}, {"start": "00:05:40", "end": "00:05:44", "text": "also from people actually using the"}, {"start": "00:05:42", "end": "00:05:47", "text": "infrastructure, not just people,"}, {"start": "00:05:44", "end": "00:05:50", "text": "everybody. Agents. That's why I'm"}, {"start": "00:05:47", "end": "00:05:52", "text": "thinking bigger about the cycle. This is"}, {"start": "00:05:50", "end": "00:05:54", "text": "nothing like we've ever seen before. If"}, {"start": "00:05:52", "end": "00:05:57", "text": "the business cycle is accelerating while"}, {"start": "00:05:54", "end": "00:06:01", "text": "all of this is scaling, we could have"}, {"start": "00:05:57", "end": "00:06:03", "text": "investment, productivity, and adoption"}, {"start": "00:06:01", "end": "00:06:05", "text": "pushing in the same direction. It's a"}, {"start": "00:06:03", "end": "00:06:07", "text": "cycle that we've absolutely never had"}, {"start": "00:06:05", "end": "00:06:10", "text": "before. And in terms of cycles we've had"}, {"start": "00:06:07", "end": "00:06:13", "text": "before, we've seen what speculation"}, {"start": "00:06:10", "end": "00:06:15", "text": "alone can do to this market. We've seen"}, {"start": "00:06:13", "end": "00:06:17", "text": "bull markets because of just straight"}, {"start": "00:06:15", "end": "00:06:21", "text": "speculation. Imagine what happens when"}, {"start": "00:06:17", "end": "00:06:24", "text": "real economic activity starts catching"}, {"start": "00:06:21", "end": "00:06:27", "text": "up to the speculation and it's actually"}, {"start": "00:06:24", "end": "00:06:28", "text": "happening in real life. Cuz that's the"}, {"start": "00:06:27", "end": "00:06:30", "text": "cycle that we're entering right now,"}, {"start": "00:06:28", "end": "00:06:33", "text": "everybody. We need to realize that"}, {"start": "00:06:30", "end": "00:06:36", "text": "crypto is not just an asset class"}, {"start": "00:06:33", "end": "00:06:38", "text": "sitting on the side hoping to benefit"}, {"start": "00:06:36", "end": "00:06:41", "text": "from everything going on right now. It's"}, {"start": "00:06:38", "end": "00:06:43", "text": "the rails a lot of this runs on and is"}, {"start": "00:06:41", "end": "00:06:47", "text": "going to run on. Stablecoins are"}, {"start": "00:06:43", "end": "00:06:49", "text": "becoming very real financial plumbing to"}, {"start": "00:06:47", "end": "00:06:52", "text": "the entire global system. Tokenized"}, {"start": "00:06:49", "end": "00:06:54", "text": "assets are moving from talk to actual"}, {"start": "00:06:52", "end": "00:06:57", "text": "product, especially thanks to the SEC"}, {"start": "00:06:54", "end": "00:07:00", "text": "just last week. Money is starting to"}, {"start": "00:06:57", "end": "00:07:02", "text": "move at internet speed instead of bank"}, {"start": "00:07:00", "end": "00:07:04", "text": "speed. So, you very much can think about"}, {"start": "00:07:02", "end": "00:07:07", "text": "it like this. In the '90s, the internet"}, {"start": "00:07:04", "end": "00:07:11", "text": "was the productivity story that was"}, {"start": "00:07:07", "end": "00:07:13", "text": "going on. And those internet stocks,"}, {"start": "00:07:11", "end": "00:07:16", "text": "they were the actual trade."}, {"start": "00:07:13", "end": "00:07:18", "text": "This time, the technology and the asset"}, {"start": "00:07:16", "end": "00:07:21", "text": "class are the same exact thing. And"}, {"start": "00:07:18", "end": "00:07:24", "text": "crypto is the last asset class to even"}, {"start": "00:07:21", "end": "00:07:26", "text": "start its move. Equities, they've"}, {"start": "00:07:24", "end": "00:07:29", "text": "already been running. Gold already had a"}, {"start": "00:07:26", "end": "00:07:31", "text": "crazy run. Crypto has been sitting there"}, {"start": "00:07:29", "end": "00:07:35", "text": "consolidating, waiting for the backdrop"}, {"start": "00:07:31", "end": "00:07:36", "text": "to finally show up. And right now, after"}, {"start": "00:07:35", "end": "00:07:38", "text": "months and months and months of tracking"}, {"start": "00:07:36", "end": "00:07:42", "text": "this, it's showing up. Now, I'm"}, {"start": "00:07:38", "end": "00:07:45", "text": "genuinely just so insanely entertained"}, {"start": "00:07:42", "end": "00:07:47", "text": "and intrigued by the business cycle. The"}, {"start": "00:07:45", "end": "00:07:48", "text": "correlation of crypto cycles with the"}, {"start": "00:07:47", "end": "00:07:50", "text": "business cycle has been just so fun for"}, {"start": "00:07:48", "end": "00:07:52", "text": "me to track."}, {"start": "00:07:50", "end": "00:07:55", "text": "Right or wrong, it's not even like it"}, {"start": "00:07:52", "end": "00:07:58", "text": "matters. Being right about direction, it"}, {"start": "00:07:55", "end": "00:08:00", "text": "doesn't mean that I'm even thinking big"}, {"start": "00:07:58", "end": "00:08:02", "text": "enough about the size of what is"}, {"start": "00:08:00", "end": "00:08:03", "text": "happening. And maybe I haven't been"}, {"start": "00:08:02", "end": "00:08:07", "text": "thinking big enough."}, {"start": "00:08:03", "end": "00:08:11", "text": "I've been kind of trained by 2018"}, {"start": "00:08:07", "end": "00:08:15", "text": "and 2020 into 2021. Those cycles taught"}, {"start": "00:08:11", "end": "00:08:16", "text": "me to think about tops a lot. Maybe if"}, {"start": "00:08:15", "end": "00:08:18", "text": "you're watching this video, you can very"}, {"start": "00:08:16", "end": "00:08:21", "text": "much relate to that. You know, to take"}, {"start": "00:08:18", "end": "00:08:23", "text": "profits, to manage risk, to assume the"}, {"start": "00:08:21", "end": "00:08:27", "text": "good times eventually do end. And it is"}, {"start": "00:08:23", "end": "00:08:29", "text": "so true, everybody. This is the case."}, {"start": "00:08:27", "end": "00:08:31", "text": "And I'm still going to do all of those"}, {"start": "00:08:29", "end": "00:08:33", "text": "things because that discipline is really"}, {"start": "00:08:31", "end": "00:08:35", "text": "what keeps myself from making"}, {"start": "00:08:33", "end": "00:08:39", "text": "ridiculously bad and irresponsible"}, {"start": "00:08:35", "end": "00:08:42", "text": "decisions. But, if this really is a '90s"}, {"start": "00:08:39", "end": "00:08:45", "text": "style expansion with AI and crypto"}, {"start": "00:08:42", "end": "00:08:48", "text": "onboarding at the center of this"}, {"start": "00:08:45", "end": "00:08:51", "text": "expansion, then the numbers that people"}, {"start": "00:08:48", "end": "00:08:54", "text": "throw around as crazy, they might not"}, {"start": "00:08:51", "end": "00:08:57", "text": "actually be crazy enough."}, {"start": "00:08:54", "end": "00:08:59", "text": "And so, let me explain what I'm saying."}, {"start": "00:08:57", "end": "00:09:02", "text": "Crypto has never traded inside an"}, {"start": "00:08:59", "end": "00:09:05", "text": "expansion like what I think we're about"}, {"start": "00:09:02", "end": "00:09:07", "text": "to see. Not once. Every bull run that"}, {"start": "00:09:05", "end": "00:09:10", "text": "we've had was fighting some kind of"}, {"start": "00:09:07", "end": "00:09:13", "text": "macro headwind or riding a short window"}, {"start": "00:09:10", "end": "00:09:15", "text": "before the Fed pulled the rug. That's"}, {"start": "00:09:13", "end": "00:09:17", "text": "how the story has gone."}, {"start": "00:09:15", "end": "00:09:21", "text": "This is potentially the first time the"}, {"start": "00:09:17", "end": "00:09:23", "text": "tailwind might actually be sustained."}, {"start": "00:09:21", "end": "00:09:24", "text": "So, what do you do with that? What do we"}, {"start": "00:09:23", "end": "00:09:26", "text": "do?"}, {"start": "00:09:24", "end": "00:09:28", "text": "We stay invested in the things that we"}, {"start": "00:09:26", "end": "00:09:30", "text": "believe in. We keep watching the data"}, {"start": "00:09:28", "end": "00:09:32", "text": "because the data is the very thing that"}, {"start": "00:09:30", "end": "00:09:34", "text": "got got us here. I mean, it's the thing"}, {"start": "00:09:32", "end": "00:09:37", "text": "that got me here. And the data is what"}, {"start": "00:09:34", "end": "00:09:39", "text": "will also tell us when it's over. And I"}, {"start": "00:09:37", "end": "00:09:42", "text": "know it's been a very rough like 5"}, {"start": "00:09:39", "end": "00:09:44", "text": "years, especially for crypto holders."}, {"start": "00:09:42", "end": "00:09:48", "text": "But, we also let ourselves, you let"}, {"start": "00:09:44", "end": "00:09:49", "text": "yourself, think a little bigger than"}, {"start": "00:09:48", "end": "00:09:51", "text": "what might feel comfortable. Because I"}, {"start": "00:09:49", "end": "00:09:53", "text": "don't think that most people, myself"}, {"start": "00:09:51", "end": "00:09:56", "text": "included, are ready for how much"}, {"start": "00:09:53", "end": "00:09:58", "text": "attention and capital is about to come"}, {"start": "00:09:56", "end": "00:10:00", "text": "into the crypto space. And the reason I"}, {"start": "00:09:58", "end": "00:10:02", "text": "say that is because even if you were"}, {"start": "00:10:00", "end": "00:10:04", "text": "here back in the 2016-17"}, {"start": "00:10:02", "end": "00:10:07", "text": "bull market or the 2020-2021"}, {"start": "00:10:04", "end": "00:10:09", "text": "bull market, what you experienced then"}, {"start": "00:10:07", "end": "00:10:12", "text": "in those bull markets, I think is going"}, {"start": "00:10:09", "end": "00:10:14", "text": "to be very different than what's we're"}, {"start": "00:10:12", "end": "00:10:17", "text": "about to experience in this upcoming"}, {"start": "00:10:14", "end": "00:10:18", "text": "expansion bull market. As I always say"}, {"start": "00:10:17", "end": "00:10:20", "text": "everybody,"}, {"start": "00:10:18", "end": "00:10:22", "text": "be prepared for everything because at"}, {"start": "00:10:20", "end": "00:10:23", "text": "the end of the day, anything could"}, {"start": "00:10:22", "end": "00:10:26", "text": "happen. It could really be that"}, {"start": "00:10:23", "end": "00:10:27", "text": "explosive or it could all go to zero. I"}, {"start": "00:10:26", "end": "00:10:29", "text": "appreciate you watching. Hit the"}, {"start": "00:10:27", "end": "00:10:31", "text": "subscribe as we track this cycle. Things"}, {"start": "00:10:29", "end": "00:10:33", "text": "are getting ridiculously exciting. I"}, {"start": "00:10:31", "end": "00:10:36", "text": "will see you in the next video. God"}, {"start": "00:10:33", "end": "00:10:36", "text": "bless."}]

[{"start": "00:00:01", "end": "00:00:05", "text": "Bitcoin on the monthly since June. Just"}, {"start": "00:00:03", "end": "00:00:07", "text": "look at these green candles, everybody."}, {"start": "00:00:05", "end": "00:00:09", "text": "Right now, Bitcoin on the monthly"}, {"start": "00:00:07", "end": "00:00:11", "text": "approaching the 20 monthth moving"}, {"start": "00:00:09", "end": "00:00:14", "text": "average around $87,000. Right between"}, {"start": "00:00:11", "end": "00:00:18", "text": "$87,000 88,000."}, {"start": "00:00:14", "end": "00:00:20", "text": "Probably some caution on the short to"}, {"start": "00:00:18", "end": "00:00:22", "text": "midterm when we start approaching that"}, {"start": "00:00:20", "end": "00:00:23", "text": "area. If it starts approaching that"}, {"start": "00:00:22", "end": "00:00:26", "text": "area, want to start the video by just"}, {"start": "00:00:23", "end": "00:00:27", "text": "saying this is a monthly chart on"}, {"start": "00:00:26", "end": "00:00:29", "text": "Bitcoin."}, {"start": "00:00:27", "end": "00:00:30", "text": "I call you you can call me a permable."}, {"start": "00:00:29", "end": "00:00:34", "text": "Many many people have called me a"}, {"start": "00:00:30", "end": "00:00:36", "text": "permable. It wasn't the easiest thing to"}, {"start": "00:00:34", "end": "00:00:39", "text": "create bullish content during this"}, {"start": "00:00:36", "end": "00:00:42", "text": "moment, but there was a very very real"}, {"start": "00:00:39", "end": "00:00:45", "text": "reason why I was doing it. And it's it's"}, {"start": "00:00:42", "end": "00:00:49", "text": "mainly for me so that I would not be"}, {"start": "00:00:45", "end": "00:00:51", "text": "late to a move like this, especially"}, {"start": "00:00:49", "end": "00:00:53", "text": "when it starts relating to altcoins. And"}, {"start": "00:00:51", "end": "00:00:55", "text": "this is what we're going to discuss in"}, {"start": "00:00:53", "end": "00:00:58", "text": "this video, what altcoins are doing."}, {"start": "00:00:55", "end": "00:01:04", "text": "This is the monthly chart. on uh the"}, {"start": "00:00:58", "end": "00:01:07", "text": "total excluding Bitcoin right now 1.16"}, {"start": "00:01:04", "end": "00:01:08", "text": "uh trillion dollars. So this is a real"}, {"start": "00:01:07", "end": "00:01:11", "text": "picture of altcoins. I want to point out"}, {"start": "00:01:08", "end": "00:01:13", "text": "to you we are right at the 20 month"}, {"start": "00:01:11", "end": "00:01:15", "text": "moving average. I don't know how this is"}, {"start": "00:01:13", "end": "00:01:17", "text": "going to close. And this is one of the"}, {"start": "00:01:15", "end": "00:01:18", "text": "big things that I'm kind of monitoring"}, {"start": "00:01:17", "end": "00:01:21", "text": "as we go into the rest of this month."}, {"start": "00:01:18", "end": "00:01:23", "text": "There's 9 days 10 hours left. If you're"}, {"start": "00:01:21", "end": "00:01:24", "text": "out there in the live stream, smash that"}, {"start": "00:01:23", "end": "00:01:26", "text": "like button. It helps the channel a lot."}, {"start": "00:01:24", "end": "00:01:27", "text": "Everybody, if you're not a subscriber,"}, {"start": "00:01:26", "end": "00:01:29", "text": "subscribe. And if you're a replay"}, {"start": "00:01:27", "end": "00:01:30", "text": "viewer, hit the timestamps. I will add"}, {"start": "00:01:29", "end": "00:01:32", "text": "timestamps after this in case this kind"}, {"start": "00:01:30", "end": "00:01:33", "text": "of goes over. But right now, crypto"}, {"start": "00:01:32", "end": "00:01:36", "text": "making a move that we've been"}, {"start": "00:01:33", "end": "00:01:38", "text": "anticipating for months and it has been"}, {"start": "00:01:36", "end": "00:01:40", "text": "choppy and it has been volatile. But I"}, {"start": "00:01:38", "end": "00:01:42", "text": "really want to discuss this right now."}, {"start": "00:01:40", "end": "00:01:46", "text": "What's going on? Bitcoin hits 85,000 as"}, {"start": "00:01:42", "end": "00:01:48", "text": "short squeeze forces out 600 48 million"}, {"start": "00:01:46", "end": "00:01:50", "text": "of bearish bets."}, {"start": "00:01:48", "end": "00:01:53", "text": "This was in August. So I just want to"}, {"start": "00:01:50", "end": "00:01:56", "text": "paint a picture for you. This is now"}, {"start": "00:01:53", "end": "00:01:58", "text": "85,000 short squeeze. This is in August."}, {"start": "00:01:56", "end": "00:02:03", "text": "Bearish crypto bets lose record three"}, {"start": "00:01:58", "end": "00:02:07", "text": "billion as Bitcoin tops 71,000."}, {"start": "00:02:03", "end": "00:02:10", "text": "The game changes very quickly."}, {"start": "00:02:07", "end": "00:02:14", "text": "I mean, August 71,000."}, {"start": "00:02:10", "end": "00:02:16", "text": "Right now 85,000."}, {"start": "00:02:14", "end": "00:02:18", "text": "June it was 58,000. You see the"}, {"start": "00:02:16", "end": "00:02:20", "text": "progression here. With that being said,"}, {"start": "00:02:18", "end": "00:02:22", "text": "this is a monthly chart on Bitcoin."}, {"start": "00:02:20", "end": "00:02:25", "text": "Bitcoin could certainly continue higher"}, {"start": "00:02:22", "end": "00:02:27", "text": "and explode towards 100,000. it would be"}, {"start": "00:02:25", "end": "00:02:29", "text": "a very big move because of the 20-month"}, {"start": "00:02:27", "end": "00:02:30", "text": "that's right here. This this green line,"}, {"start": "00:02:29", "end": "00:02:34", "text": "$87,000."}, {"start": "00:02:30", "end": "00:02:36", "text": "So, let's start with um kind of a zoomed"}, {"start": "00:02:34", "end": "00:02:37", "text": "out view on markets and then we're going"}, {"start": "00:02:36", "end": "00:02:40", "text": "to work our way in again. If you're in"}, {"start": "00:02:37", "end": "00:02:42", "text": "the replay, hit the timestamps because"}, {"start": "00:02:40", "end": "00:02:44", "text": "we'll be going through a lot. I want to"}, {"start": "00:02:42", "end": "00:02:47", "text": "just start by go I just saw this post"}, {"start": "00:02:44", "end": "00:02:49", "text": "before I went live. Sheldon. Um I've"}, {"start": "00:02:47", "end": "00:02:51", "text": "been like I've been liking his content"}, {"start": "00:02:49", "end": "00:02:54", "text": "later lately. This guy Sheldon over here"}, {"start": "00:02:51", "end": "00:02:57", "text": "on X. After this next pump, I am no"}, {"start": "00:02:54", "end": "00:02:59", "text": "longer buying altcoins until the next"}, {"start": "00:02:57", "end": "00:03:01", "text": "major pullback. There was a time to buy,"}, {"start": "00:02:59", "end": "00:03:03", "text": "but soon everything will be overextended"}, {"start": "00:03:01", "end": "00:03:05", "text": "and market will reject and give new"}, {"start": "00:03:03", "end": "00:03:08", "text": "opportunities. So, this has kind of been"}, {"start": "00:03:05", "end": "00:03:10", "text": "my my approach as well. And this is why"}, {"start": "00:03:08", "end": "00:03:12", "text": "I wanted to highlight this because as we"}, {"start": "00:03:10", "end": "00:03:14", "text": "start going through these charts, I do"}, {"start": "00:03:12", "end": "00:03:16", "text": "just want to keep in mind what's going"}, {"start": "00:03:14", "end": "00:03:18", "text": "on with some of the altcoins, right?"}, {"start": "00:03:16", "end": "00:03:20", "text": "This is unis swap for instance and"}, {"start": "00:03:18", "end": "00:03:23", "text": "there's a picture here. That is to say,"}, {"start": "00:03:20", "end": "00:03:25", "text": "we could be entering like a 12-month"}, {"start": "00:03:23", "end": "00:03:28", "text": "bull market. We could be, it could be"}, {"start": "00:03:25", "end": "00:03:30", "text": "longer, it could be shorter. But with"}, {"start": "00:03:28", "end": "00:03:32", "text": "that being said, we're getting pumps."}, {"start": "00:03:30", "end": "00:03:34", "text": "This is unis swap on the monthly. Three"}, {"start": "00:03:32", "end": "00:03:38", "text": "months of pump, especially this previous"}, {"start": "00:03:34", "end": "00:03:40", "text": "month. Avac started pumping,"}, {"start": "00:03:38", "end": "00:03:43", "text": "even if there's going to be a macro bull"}, {"start": "00:03:40", "end": "00:03:45", "text": "market move, right? And the the best"}, {"start": "00:03:43", "end": "00:03:47", "text": "picture is the altcoin market cap chart."}, {"start": "00:03:45", "end": "00:03:49", "text": "This excludes Bitcoin. You can just see"}, {"start": "00:03:47", "end": "00:03:52", "text": "how the bull market the bull market has"}, {"start": "00:03:49", "end": "00:03:55", "text": "really I mean it hasn't even really made"}, {"start": "00:03:52", "end": "00:03:57", "text": "a dent yet. But along the way there can"}, {"start": "00:03:55", "end": "00:03:59", "text": "be pullbacks. The thing for me is I've"}, {"start": "00:03:57", "end": "00:04:00", "text": "been trying to figure out how to"}, {"start": "00:03:59", "end": "00:04:02", "text": "accumulate. If you've been watching my"}, {"start": "00:04:00", "end": "00:04:04", "text": "content it's all been all about like man"}, {"start": "00:04:02", "end": "00:04:05", "text": "when am I going to accumulate? How much"}, {"start": "00:04:04", "end": "00:04:07", "text": "more am I going to accumulate? I'm"}, {"start": "00:04:05", "end": "00:04:09", "text": "ready. I'm ready my position now but how"}, {"start": "00:04:07", "end": "00:04:11", "text": "am I going to accumulate? Well, I feel"}, {"start": "00:04:09", "end": "00:04:15", "text": "like that ship has sailed, at least for"}, {"start": "00:04:11", "end": "00:04:18", "text": "now, unless we get kind of a pullback as"}, {"start": "00:04:15", "end": "00:04:21", "text": "Sheldon is talking about uh as we"}, {"start": "00:04:18", "end": "00:04:23", "text": "continue continue the move. And so,"}, {"start": "00:04:21", "end": "00:04:26", "text": "let's start here on the total crypto"}, {"start": "00:04:23", "end": "00:04:29", "text": "market cap chart. And"}, {"start": "00:04:26", "end": "00:04:31", "text": "right now, 2.87 trillion approaching 3"}, {"start": "00:04:29", "end": "00:04:33", "text": "trillion. This chart approaching the"}, {"start": "00:04:31", "end": "00:04:35", "text": "monthly, the 20-month moving average."}, {"start": "00:04:33", "end": "00:04:37", "text": "You can just see the bottoming out. If"}, {"start": "00:04:35", "end": "00:04:40", "text": "there's any reason to have been bullish"}, {"start": "00:04:37", "end": "00:04:42", "text": "all year long, which I basically have, I"}, {"start": "00:04:40", "end": "00:04:44", "text": "know there was choppiness. I know that"}, {"start": "00:04:42", "end": "00:04:47", "text": "we went lower. I know it was ugly, but"}, {"start": "00:04:44", "end": "00:04:50", "text": "it was accumulation time. It was time to"}, {"start": "00:04:47", "end": "00:04:52", "text": "really start preparing for for the bull."}, {"start": "00:04:50", "end": "00:04:55", "text": "And you can just see we're exiting that"}, {"start": "00:04:52", "end": "00:04:58", "text": "that time, right? So, with that being"}, {"start": "00:04:55", "end": "00:05:00", "text": "said, short-term resistance right now,"}, {"start": "00:04:58", "end": "00:05:01", "text": "literally on the total crypto market cap"}, {"start": "00:05:00", "end": "00:05:04", "text": "chart, if I go to the weekly, take a"}, {"start": "00:05:01", "end": "00:05:06", "text": "glance at this,"}, {"start": "00:05:04", "end": "00:05:08", "text": "you can see we are breaking above this"}, {"start": "00:05:06", "end": "00:05:10", "text": "50week moving average. And this is the"}, {"start": "00:05:08", "end": "00:05:13", "text": "big deal. Like, when we talk about the"}, {"start": "00:05:10", "end": "00:05:15", "text": "bull market starting, everybody, there's"}, {"start": "00:05:13", "end": "00:05:17", "text": "there's kind of a reason that there's"}, {"start": "00:05:15", "end": "00:05:20", "text": "many reasons we could probably say that."}, {"start": "00:05:17", "end": "00:05:22", "text": "If you watch my content, go to something"}, {"start": "00:05:20", "end": "00:05:24", "text": "like others BTC, you go to total crypto"}, {"start": "00:05:22", "end": "00:05:27", "text": "market cap chart, you know, my thesis"}, {"start": "00:05:24", "end": "00:05:31", "text": "has been not four-year cycle. I think"}, {"start": "00:05:27", "end": "00:05:36", "text": "four-year cycle was a too good to be"}, {"start": "00:05:31", "end": "00:05:40", "text": "true, too easy of a thing to to even be"}, {"start": "00:05:36", "end": "00:05:41", "text": "real. And my thesis has been business"}, {"start": "00:05:40", "end": "00:05:44", "text": "cycles. And the reason is is because the"}, {"start": "00:05:41", "end": "00:05:46", "text": "business cycle is what drives every"}, {"start": "00:05:44", "end": "00:05:49", "text": "asset class. Why would it not drive"}, {"start": "00:05:46", "end": "00:05:51", "text": "crypto? The reason why it's harder to"}, {"start": "00:05:49", "end": "00:05:52", "text": "find the correlation there is just"}, {"start": "00:05:51", "end": "00:05:55", "text": "because crypto is the last thing on the"}, {"start": "00:05:52", "end": "00:05:58", "text": "risk curve to move with a business"}, {"start": "00:05:55", "end": "00:06:00", "text": "cycle. So it's a very difficult thing to"}, {"start": "00:05:58", "end": "00:06:02", "text": "anticipate. But if you're zoomed out"}, {"start": "00:06:00", "end": "00:06:04", "text": "enough and if you're patient enough,"}, {"start": "00:06:02", "end": "00:06:06", "text": "this is how crypto cycles have worked."}, {"start": "00:06:04", "end": "00:06:08", "text": "And that is on this altcoin chart. You"}, {"start": "00:06:06", "end": "00:06:11", "text": "can just see I mean this is going back"}, {"start": "00:06:08", "end": "00:06:13", "text": "to 2014 actually. But contraction of the"}, {"start": "00:06:11", "end": "00:06:16", "text": "business cycle in green, contraction of"}, {"start": "00:06:13", "end": "00:06:18", "text": "altcoins, right? expansion of the"}, {"start": "00:06:16", "end": "00:06:21", "text": "business cycle in green. Expansion of"}, {"start": "00:06:18", "end": "00:06:24", "text": "altcoins and then we have contraction"}, {"start": "00:06:21", "end": "00:06:27", "text": "and then we have expansion and then"}, {"start": "00:06:24", "end": "00:06:29", "text": "we've had record-breaking contraction of"}, {"start": "00:06:27", "end": "00:06:32", "text": "the business cycle and in there was"}, {"start": "00:06:29", "end": "00:06:34", "text": "record-breaking extraction of liquidity"}, {"start": "00:06:32", "end": "00:06:37", "text": "right here quantitative tightening that"}, {"start": "00:06:34", "end": "00:06:39", "text": "red box. These are macroeconomic"}, {"start": "00:06:37", "end": "00:06:41", "text": "indicators not even indicators but just"}, {"start": "00:06:39", "end": "00:06:44", "text": "the macroeconomic landscape and crypto"}, {"start": "00:06:41", "end": "00:06:46", "text": "has reacted and it has reacted very"}, {"start": "00:06:44", "end": "00:06:48", "text": "negatively. If you look at the altcoin"}, {"start": "00:06:46", "end": "00:06:50", "text": "market cap chart across this entire"}, {"start": "00:06:48", "end": "00:06:53", "text": "cycle, this is like been a five-year"}, {"start": "00:06:50", "end": "00:06:56", "text": "cycle of contraction. Crypto has gotten"}, {"start": "00:06:53", "end": "00:06:57", "text": "demolished. You and I, if you if we've"}, {"start": "00:06:56", "end": "00:07:00", "text": "been crypto holders waiting for your"}, {"start": "00:06:57", "end": "00:07:03", "text": "typical, you know, altcoin season like"}, {"start": "00:07:00", "end": "00:07:06", "text": "clockwork, cuz we were I was wrong back"}, {"start": "00:07:03", "end": "00:07:08", "text": "here. We got demolished because"}, {"start": "00:07:06", "end": "00:07:10", "text": "something else was going on and it was a"}, {"start": "00:07:08", "end": "00:07:13", "text": "macroeconomic type of thing and it was a"}, {"start": "00:07:10", "end": "00:07:16", "text": "liquidity extraction type of thing. And"}, {"start": "00:07:13", "end": "00:07:19", "text": "there's still a lot going on. The war"}, {"start": "00:07:16", "end": "00:07:20", "text": "oil right now, I I'm I'm concerned about"}, {"start": "00:07:19", "end": "00:07:24", "text": "the oil crisis and we're going to talk"}, {"start": "00:07:20", "end": "00:07:27", "text": "about this on this chart. But with that"}, {"start": "00:07:24", "end": "00:07:29", "text": "being said, especially if we get a"}, {"start": "00:07:27", "end": "00:07:31", "text": "loosening of these things and things"}, {"start": "00:07:29", "end": "00:07:33", "text": "start, you know, cooling off in that"}, {"start": "00:07:31", "end": "00:07:35", "text": "regard, we get this expansion of the"}, {"start": "00:07:33", "end": "00:07:37", "text": "business cycle. Well, I think we're"}, {"start": "00:07:35", "end": "00:07:38", "text": "going to get finally the bull market"}, {"start": "00:07:37", "end": "00:07:41", "text": "that everybody's been waiting for. So"}, {"start": "00:07:38", "end": "00:07:44", "text": "that's number one in terms of saying,"}, {"start": "00:07:41", "end": "00:07:46", "text": "\"Hey, the bull market is starting. But"}, {"start": "00:07:44", "end": "00:07:48", "text": "number two is found very simply as"}, {"start": "00:07:46", "end": "00:07:51", "text": "Bitcoin meets its 20-month moving"}, {"start": "00:07:48", "end": "00:07:52", "text": "average. It's on the weekly chart. If"}, {"start": "00:07:51", "end": "00:07:54", "text": "you look at the weekly chart, and I did"}, {"start": "00:07:52", "end": "00:07:55", "text": "a video on this yesterday, this is"}, {"start": "00:07:54", "end": "00:07:56", "text": "something to pay attention to,"}, {"start": "00:07:55", "end": "00:07:57", "text": "everybody. And by the way, if you're out"}, {"start": "00:07:56", "end": "00:07:59", "text": "there, thank you for cruising by the"}, {"start": "00:07:57", "end": "00:08:02", "text": "live stream. Smash that like button. Uh,"}, {"start": "00:07:59", "end": "00:08:05", "text": "keeps me motivated. Keeps me motivated."}, {"start": "00:08:02", "end": "00:08:07", "text": "Helps the channel. But this 50week"}, {"start": "00:08:05", "end": "00:08:10", "text": "moving average in blue, this is this has"}, {"start": "00:08:07", "end": "00:08:12", "text": "triggered every bull move. Not not going"}, {"start": "00:08:10", "end": "00:08:15", "text": "to say every bull market, but every bull"}, {"start": "00:08:12", "end": "00:08:17", "text": "move for for Bitcoin. And so when we're"}, {"start": "00:08:15", "end": "00:08:20", "text": "when we're looking at that, we can at"}, {"start": "00:08:17", "end": "00:08:22", "text": "the very least consider, man, we have"}, {"start": "00:08:20", "end": "00:08:24", "text": "business cycle expansion at the bottom"}, {"start": "00:08:22", "end": "00:08:27", "text": "of the screen starting"}, {"start": "00:08:24", "end": "00:08:30", "text": "and we have Bitcoin which has seemingly"}, {"start": "00:08:27", "end": "00:08:33", "text": "bottomed in June and it's made its way"}, {"start": "00:08:30", "end": "00:08:37", "text": "back above all these moving averages,"}, {"start": "00:08:33", "end": "00:08:41", "text": "right? TW the 200 in red,"}, {"start": "00:08:37", "end": "00:08:43", "text": "the 20 in green, and now the the blue"}, {"start": "00:08:41", "end": "00:08:46", "text": "the 50we moving average. And so last"}, {"start": "00:08:43", "end": "00:08:49", "text": "night I did the video kind of discussing"}, {"start": "00:08:46", "end": "00:08:53", "text": "this when that 50week moving average is"}, {"start": "00:08:49", "end": "00:08:57", "text": "broken, right? That is and that has been"}, {"start": "00:08:53", "end": "00:08:59", "text": "a bull indicator for for Bitcoin. And"}, {"start": "00:08:57", "end": "00:09:00", "text": "we're going to talk about this moment"}, {"start": "00:08:59", "end": "00:09:02", "text": "here when it was broken and then it"}, {"start": "00:09:00", "end": "00:09:04", "text": "failed into COVID. I just want to talk"}, {"start": "00:09:02", "end": "00:09:06", "text": "about it on the altcoin chart and then"}, {"start": "00:09:04", "end": "00:09:09", "text": "we're going to really get into altcoins."}, {"start": "00:09:06", "end": "00:09:11", "text": "But continuing this this this picture,"}, {"start": "00:09:09", "end": "00:09:13", "text": "if you look at the blue line, the 50week"}, {"start": "00:09:11", "end": "00:09:16", "text": "moving average, you can even go back"}, {"start": "00:09:13", "end": "00:09:18", "text": "here. 2015 50week moving average broke."}, {"start": "00:09:16", "end": "00:09:22", "text": "Well, look what that led into. And by"}, {"start": "00:09:18", "end": "00:09:24", "text": "the way, it's like a nice move, right?"}, {"start": "00:09:22", "end": "00:09:27", "text": "Look at volatility along the way. Big"}, {"start": "00:09:24", "end": "00:09:29", "text": "red candles in there. Big pullbacks all"}, {"start": "00:09:27", "end": "00:09:31", "text": "along the way in the bull. But look how"}, {"start": "00:09:29", "end": "00:09:34", "text": "early the bull market was at that"}, {"start": "00:09:31", "end": "00:09:36", "text": "moment. And also notice at the bottom of"}, {"start": "00:09:34", "end": "00:09:38", "text": "the screen as we're we're looking at"}, {"start": "00:09:36", "end": "00:09:40", "text": "this picture of, you know, 2015,"}, {"start": "00:09:38", "end": "00:09:41", "text": "Bitcoin's breaking above that 50week"}, {"start": "00:09:40", "end": "00:09:44", "text": "moving average. Look what was happening"}, {"start": "00:09:41", "end": "00:09:46", "text": "here. You see this? This was in the"}, {"start": "00:09:44", "end": "00:09:50", "text": "cycle shift of contraction of the"}, {"start": "00:09:46", "end": "00:09:52", "text": "business cycle into the the expansion of"}, {"start": "00:09:50", "end": "00:09:55", "text": "the business cycle. And so we're getting"}, {"start": "00:09:52", "end": "00:09:57", "text": "that 50we break. And then we go to this"}, {"start": "00:09:55", "end": "00:10:01", "text": "cycle. We're getting the 50we break. And"}, {"start": "00:09:57", "end": "00:10:04", "text": "what was happening there? the the the"}, {"start": "00:10:01", "end": "00:10:07", "text": "transition from contraction of the"}, {"start": "00:10:04", "end": "00:10:09", "text": "business cycle to expansion. Okay, we're"}, {"start": "00:10:07", "end": "00:10:14", "text": "getting a 50we moving average break"}, {"start": "00:10:09", "end": "00:10:18", "text": "right now. And what is this? This is the"}, {"start": "00:10:14", "end": "00:10:22", "text": "shift of all of this insane contraction"}, {"start": "00:10:18", "end": "00:10:24", "text": "into expansion. We are at the beginning"}, {"start": "00:10:22", "end": "00:10:26", "text": "of"}, {"start": "00:10:24", "end": "00:10:29", "text": "a very powerful bull move for the crypto"}, {"start": "00:10:26", "end": "00:10:33", "text": "space. And these are all technical"}, {"start": "00:10:29", "end": "00:10:37", "text": "indicators. These are macroeconomic"}, {"start": "00:10:33", "end": "00:10:40", "text": "data points that I'm using to say that"}, {"start": "00:10:37", "end": "00:10:42", "text": "I'm not discussing with you the proc"}, {"start": "00:10:40", "end": "00:10:46", "text": "crypto administration that is currently"}, {"start": "00:10:42", "end": "00:10:50", "text": "in place. I'm not discussing with you"}, {"start": "00:10:46", "end": "00:10:52", "text": "the pro crypto SEC and CFTC that is"}, {"start": "00:10:50", "end": "00:10:57", "text": "currently within the last week"}, {"start": "00:10:52", "end": "00:10:59", "text": "implementing just crazy guidance rules"}, {"start": "00:10:57", "end": "00:11:01", "text": "and clarity for the crypto space. And"}, {"start": "00:10:59", "end": "00:11:02", "text": "the reason that's big is not just for us"}, {"start": "00:11:01", "end": "00:11:06", "text": "to be like, \"All right, cool. Hey, we"}, {"start": "00:11:02", "end": "00:11:08", "text": "have some we have some rules.\""}, {"start": "00:11:06", "end": "00:11:10", "text": "It's for the capital and the innovation"}, {"start": "00:11:08", "end": "00:11:12", "text": "that wants to just flood into this"}, {"start": "00:11:10", "end": "00:11:15", "text": "space."}, {"start": "00:11:12", "end": "00:11:17", "text": "It's for that. And what happens when"}, {"start": "00:11:15", "end": "00:11:22", "text": "that happens?"}, {"start": "00:11:17", "end": "00:11:25", "text": "It's valuations expanding, right? It's"}, {"start": "00:11:22", "end": "00:11:26", "text": "crypto bull markets. And it's different"}, {"start": "00:11:25", "end": "00:11:29", "text": "than the previous bull markets that"}, {"start": "00:11:26", "end": "00:11:32", "text": "we've had have been very, you know,"}, {"start": "00:11:29", "end": "00:11:33", "text": "obviously driven by demand, right?"}, {"start": "00:11:32", "end": "00:11:35", "text": "People getting into crypto, retail"}, {"start": "00:11:33", "end": "00:11:37", "text": "getting into crypto. What's different"}, {"start": "00:11:35", "end": "00:11:41", "text": "now is we have that and maybe that's not"}, {"start": "00:11:37", "end": "00:11:43", "text": "even here yet, retail, but we have"}, {"start": "00:11:41", "end": "00:11:46", "text": "institutions and institutional interest."}, {"start": "00:11:43", "end": "00:11:48", "text": "We have game theory uh in terms of"}, {"start": "00:11:46", "end": "00:11:50", "text": "governments now racing into into this"}, {"start": "00:11:48", "end": "00:11:53", "text": "game and into the Bitcoin accumulation"}, {"start": "00:11:50", "end": "00:11:55", "text": "game. So, we're in a whole new era and"}, {"start": "00:11:53", "end": "00:11:57", "text": "we're at the very beginning of this"}, {"start": "00:11:55", "end": "00:12:00", "text": "cycle shift and this is coming out of"}, {"start": "00:11:57", "end": "00:12:03", "text": "five to six years of contraction. And"}, {"start": "00:12:00", "end": "00:12:05", "text": "what's good for Bitcoin is it it hit all"}, {"start": "00:12:03", "end": "00:12:08", "text": "all new all all-time highs"}, {"start": "00:12:05", "end": "00:12:11", "text": "during that contraction, but it's not"}, {"start": "00:12:08", "end": "00:12:14", "text": "even still experienced an expansion"}, {"start": "00:12:11", "end": "00:12:17", "text": "phase like it has in previous cycles. Do"}, {"start": "00:12:14", "end": "00:12:19", "text": "you understand? This is why I've been so"}, {"start": "00:12:17", "end": "00:12:21", "text": "bullish, you know, amidst all the noise"}, {"start": "00:12:19", "end": "00:12:24", "text": "of four-ear cycle. I've been so bullish"}, {"start": "00:12:21", "end": "00:12:26", "text": "here. It's been so unpopular. I've lost"}, {"start": "00:12:24", "end": "00:12:29", "text": "so many followers. I've lost so much"}, {"start": "00:12:26", "end": "00:12:31", "text": "engagement. But I've been bullish here"}, {"start": "00:12:29", "end": "00:12:33", "text": "because the sign has the signs have been"}, {"start": "00:12:31", "end": "00:12:35", "text": "just saying, you know what,"}, {"start": "00:12:33", "end": "00:12:37", "text": "there is a cycle shift happening. I"}, {"start": "00:12:35", "end": "00:12:40", "text": "don't know how long it's going to take."}, {"start": "00:12:37", "end": "00:12:44", "text": "The war absolutely I think made it even"}, {"start": "00:12:40", "end": "00:12:47", "text": "worse, but it's been in prepare mode."}, {"start": "00:12:44", "end": "00:12:50", "text": "We've been in accumulation mode. We've"}, {"start": "00:12:47", "end": "00:12:52", "text": "been in lower risk mode, lower risk"}, {"start": "00:12:50", "end": "00:12:53", "text": "territory. And that's why I've just been"}, {"start": "00:12:52", "end": "00:12:55", "text": "like, you know what? I'm just going to"}, {"start": "00:12:53", "end": "00:12:57", "text": "stick to my guns in terms of bull"}, {"start": "00:12:55", "end": "00:13:00", "text": "content because I'm bullish on the"}, {"start": "00:12:57", "end": "00:13:02", "text": "crypto space. I'm bullish on what the"}, {"start": "00:13:00", "end": "00:13:04", "text": "valuations can be here. So, this is"}, {"start": "00:13:02", "end": "00:13:05", "text": "Bitcoin on the weekly. So, what I want"}, {"start": "00:13:04", "end": "00:13:09", "text": "to talk about and then we're really"}, {"start": "00:13:05", "end": "00:13:11", "text": "going to get into um I want to get into"}, {"start": "00:13:09", "end": "00:13:12", "text": "just different altcoins. I mean, look at"}, {"start": "00:13:11", "end": "00:13:15", "text": "breakout moment on the monthly. You all"}, {"start": "00:13:12", "end": "00:13:17", "text": "know I'm a very big bull. I want to"}, {"start": "00:13:15", "end": "00:13:19", "text": "discuss that. Um we're going to look at"}, {"start": "00:13:17", "end": "00:13:21", "text": "uh Cardano hasn't had its moment."}, {"start": "00:13:19", "end": "00:13:23", "text": "Something like Midnight hasn't had its"}, {"start": "00:13:21", "end": "00:13:24", "text": "moment. We'll take a look at AVAC. We'll"}, {"start": "00:13:23", "end": "00:13:26", "text": "we'll take a look at a bunch and if"}, {"start": "00:13:24", "end": "00:13:27", "text": "you're out there in the comments, let me"}, {"start": "00:13:26", "end": "00:13:30", "text": "know what you want to take a look at."}, {"start": "00:13:27", "end": "00:13:31", "text": "Um, but what I want to do is I want to I"}, {"start": "00:13:30", "end": "00:13:34", "text": "I just want to mention this. I mentioned"}, {"start": "00:13:31", "end": "00:13:37", "text": "it in last night's video."}, {"start": "00:13:34", "end": "00:13:38", "text": "So, let me try and dig into this a"}, {"start": "00:13:37", "end": "00:13:40", "text": "little bit to explain this to the best"}, {"start": "00:13:38", "end": "00:13:42", "text": "of my ability. Right now, this is all"}, {"start": "00:13:40", "end": "00:13:45", "text": "coin market cap chart. This excludes"}, {"start": "00:13:42", "end": "00:13:48", "text": "Bitcoin. You know my business cycle"}, {"start": "00:13:45", "end": "00:13:51", "text": "theory, the green chart down here, we"}, {"start": "00:13:48", "end": "00:13:53", "text": "follow this flow, maybe not exactly to"}, {"start": "00:13:51", "end": "00:13:54", "text": "the month or the week or something, but"}, {"start": "00:13:53", "end": "00:13:56", "text": "on the macro on the zoomed out, this is"}, {"start": "00:13:54", "end": "00:13:58", "text": "what's going on. Crypto, especially"}, {"start": "00:13:56", "end": "00:14:00", "text": "altcoins in this chart, has not had a"}, {"start": "00:13:58", "end": "00:14:04", "text": "bull market. We've been sideways for the"}, {"start": "00:14:00", "end": "00:14:06", "text": "all this time because of this sideways"}, {"start": "00:14:04", "end": "00:14:08", "text": "and contraction of the business cycle."}, {"start": "00:14:06", "end": "00:14:12", "text": "So if we think about that and we think"}, {"start": "00:14:08", "end": "00:14:15", "text": "about also this this shift out of all of"}, {"start": "00:14:12", "end": "00:14:16", "text": "these years of quantitative tightening,"}, {"start": "00:14:15", "end": "00:14:18", "text": "we went through this normalization"}, {"start": "00:14:16", "end": "00:14:20", "text": "phase, the dip, the postQT dip. Talked"}, {"start": "00:14:18", "end": "00:14:23", "text": "about it all year. That's why I've been"}, {"start": "00:14:20", "end": "00:14:26", "text": "saying a macro bullish, but anticipate"}, {"start": "00:14:23", "end": "00:14:29", "text": "this dip. This is exactly what happened"}, {"start": "00:14:26", "end": "00:14:32", "text": "post QT last cycle, the postQT"}, {"start": "00:14:29", "end": "00:14:33", "text": "normalization dip. And so when we're"}, {"start": "00:14:32", "end": "00:14:36", "text": "really starting to look at this, if we"}, {"start": "00:14:33", "end": "00:14:38", "text": "compare it to last cycle, because last"}, {"start": "00:14:36", "end": "00:14:40", "text": "cycle, maybe there are some technical"}, {"start": "00:14:38", "end": "00:14:42", "text": "indicators that are different, but this"}, {"start": "00:14:40", "end": "00:14:44", "text": "is really the only cycle where we can"}, {"start": "00:14:42", "end": "00:14:46", "text": "take real macroeconomic data in a"}, {"start": "00:14:44", "end": "00:14:49", "text": "similar sense and apply it to this"}, {"start": "00:14:46", "end": "00:14:52", "text": "cycle. What I mean by that is these are"}, {"start": "00:14:49", "end": "00:14:56", "text": "the only two cycles, right? Right now,"}, {"start": "00:14:52", "end": "00:14:59", "text": "this long five-year sideways and then"}, {"start": "00:14:56", "end": "00:15:01", "text": "2017 and 2018 where we've had"}, {"start": "00:14:59", "end": "00:15:03", "text": "quantitative tightening. This is the"}, {"start": "00:15:01", "end": "00:15:05", "text": "only two cycles crypto has had that"}, {"start": "00:15:03", "end": "00:15:08", "text": "environment and last cycle it was"}, {"start": "00:15:05", "end": "00:15:10", "text": "shorter of quantitative tightening and"}, {"start": "00:15:08", "end": "00:15:12", "text": "it was shorter of business cycle"}, {"start": "00:15:10", "end": "00:15:15", "text": "contraction. But either way, it doesn't"}, {"start": "00:15:12", "end": "00:15:18", "text": "matter the length of time. It's these"}, {"start": "00:15:15", "end": "00:15:21", "text": "environments are what they were, right?"}, {"start": "00:15:18", "end": "00:15:22", "text": "We came out of QT right here, went into"}, {"start": "00:15:21", "end": "00:15:24", "text": "the dip, and then we started popping"}, {"start": "00:15:22", "end": "00:15:27", "text": "out. And this is exactly where we are"}, {"start": "00:15:24", "end": "00:15:29", "text": "right now. came out of QT in December"}, {"start": "00:15:27", "end": "00:15:32", "text": "2025, went into the dip, and now we're"}, {"start": "00:15:29", "end": "00:15:34", "text": "popping out. Now, this is I this is"}, {"start": "00:15:32", "end": "00:15:36", "text": "everything to me in terms of my analysis"}, {"start": "00:15:34", "end": "00:15:38", "text": "and especially as we start getting into"}, {"start": "00:15:36", "end": "00:15:40", "text": "these altcoins, but this is what I'm so"}, {"start": "00:15:38", "end": "00:15:43", "text": "curious of. I I said it in yesterday's"}, {"start": "00:15:40", "end": "00:15:46", "text": "video. We are, if we think about this in"}, {"start": "00:15:43", "end": "00:15:48", "text": "terms of last cycle, we are like"}, {"start": "00:15:46", "end": "00:15:51", "text": "literally kind of like right here. We're"}, {"start": "00:15:48", "end": "00:15:53", "text": "in this transition phase going into"}, {"start": "00:15:51", "end": "00:15:55", "text": "expansion of the business cycle. We're"}, {"start": "00:15:53", "end": "00:15:58", "text": "testing this 20-month moving average on"}, {"start": "00:15:55", "end": "00:16:03", "text": "this altcoin chart. And I'm just kind of"}, {"start": "00:15:58", "end": "00:16:03", "text": "thinking about this. What an absolutely"}, {"start": "00:16:03", "end": "00:16:09", "text": "ugly monthly candle"}, {"start": "00:16:07", "end": "00:16:12", "text": "and"}, {"start": "00:16:09", "end": "00:16:16", "text": "a failure. I guess like if I was here"}, {"start": "00:16:12", "end": "00:16:19", "text": "saying bull market starting, right? Bull"}, {"start": "00:16:16", "end": "00:16:20", "text": "market starting as we're testing this"}, {"start": "00:16:19", "end": "00:16:22", "text": "20-month moving average and then even"}, {"start": "00:16:20", "end": "00:16:26", "text": "the next month it starts pumping. but"}, {"start": "00:16:22", "end": "00:16:26", "text": "actually ends up red."}, {"start": "00:16:26", "end": "00:16:33", "text": "Why did that happen? We had this event"}, {"start": "00:16:29", "end": "00:16:35", "text": "here. It's called COVID. And"}, {"start": "00:16:33", "end": "00:16:38", "text": "when we're thinking about that, I'm not"}, {"start": "00:16:35", "end": "00:16:39", "text": "saying that to say, man, that's exactly"}, {"start": "00:16:38", "end": "00:16:42", "text": "what's going to happen this time. I"}, {"start": "00:16:39", "end": "00:16:44", "text": "mean, quantitative tightening,"}, {"start": "00:16:42", "end": "00:16:46", "text": "quantitative tightening,"}, {"start": "00:16:44", "end": "00:16:49", "text": "business cycle contraction, business"}, {"start": "00:16:46", "end": "00:16:51", "text": "cycle contraction. The next step is"}, {"start": "00:16:49", "end": "00:16:54", "text": "black swan event. I'm not sitting here"}, {"start": "00:16:51", "end": "00:16:56", "text": "saying that at all,"}, {"start": "00:16:54", "end": "00:16:58", "text": "but I can't help and I just want to"}, {"start": "00:16:56", "end": "00:17:01", "text": "mention this. It's not a prediction. I"}, {"start": "00:16:58", "end": "00:17:04", "text": "just want to introduce this idea to you."}, {"start": "00:17:01", "end": "00:17:07", "text": "I can't help but just all of these"}, {"start": "00:17:04", "end": "00:17:10", "text": "headlines about oil right now."}, {"start": "00:17:07", "end": "00:17:13", "text": "They might just dissipate and fade away"}, {"start": "00:17:10", "end": "00:17:15", "text": "in a week. And I hope they do. But if"}, {"start": "00:17:13", "end": "00:17:19", "text": "somehow this gets out of control in some"}, {"start": "00:17:15", "end": "00:17:22", "text": "manner and there is kind of just a panic"}, {"start": "00:17:19", "end": "00:17:26", "text": "event, just please be prepared for that."}, {"start": "00:17:22", "end": "00:17:28", "text": "And it would be absolutely crazy if we"}, {"start": "00:17:26", "end": "00:17:31", "text": "are introduced to some type of maybe not"}, {"start": "00:17:28", "end": "00:17:34", "text": "black swan as bad as it was, but some"}, {"start": "00:17:31", "end": "00:17:35", "text": "type of thing like that at this moment."}, {"start": "00:17:34", "end": "00:17:37", "text": "And maybe we go higher and then we're"}, {"start": "00:17:35", "end": "00:17:39", "text": "just crashing and then we're just"}, {"start": "00:17:37", "end": "00:17:41", "text": "getting ready for the cycle shifts"}, {"start": "00:17:39", "end": "00:17:43", "text": "still. be prepared for that as a macro"}, {"start": "00:17:41", "end": "00:17:45", "text": "investor is all I'm going to say. And"}, {"start": "00:17:43", "end": "00:17:48", "text": "that's not a prediction. It's just a"}, {"start": "00:17:45", "end": "00:17:51", "text": "thought in my mind. It's something I'm"}, {"start": "00:17:48", "end": "00:17:55", "text": "prepared for. But the flip side of it is"}, {"start": "00:17:51", "end": "00:17:57", "text": "boom, the war ends and the business"}, {"start": "00:17:55", "end": "00:18:00", "text": "cycle oil starts falling and all the"}, {"start": "00:17:57", "end": "00:18:02", "text": "sudden inflation data comes out way"}, {"start": "00:18:00", "end": "00:18:05", "text": "better. everybody's finally relieved of"}, {"start": "00:18:02", "end": "00:18:08", "text": "it and and then the Fed is done hiking"}, {"start": "00:18:05", "end": "00:18:10", "text": "and all of a sudden the business cycle"}, {"start": "00:18:08", "end": "00:18:12", "text": "expansion can continue because I think I"}, {"start": "00:18:10", "end": "00:18:14", "text": "think it's been a pressure cooker. I"}, {"start": "00:18:12", "end": "00:18:18", "text": "think it's been held back very much by"}, {"start": "00:18:14", "end": "00:18:21", "text": "the war. Um and at the same time this is"}, {"start": "00:18:18", "end": "00:18:25", "text": "not on the macro"}, {"start": "00:18:21", "end": "00:18:26", "text": "like really even a stifling of any type"}, {"start": "00:18:25", "end": "00:18:29", "text": "of bull market that's going to occur."}, {"start": "00:18:26", "end": "00:18:31", "text": "It's a slowing down of it. And the the"}, {"start": "00:18:29", "end": "00:18:33", "text": "when I say that what I'm what I'm really"}, {"start": "00:18:31", "end": "00:18:35", "text": "thinking of I'm thinking about if you go"}, {"start": "00:18:33", "end": "00:18:37", "text": "look at the Russell 2000 or something"}, {"start": "00:18:35", "end": "00:18:39", "text": "this is on the monthly chart. Russell"}, {"start": "00:18:37", "end": "00:18:42", "text": "2000 was was cruising in June and we've"}, {"start": "00:18:39", "end": "00:18:45", "text": "been consolidating for months now. So"}, {"start": "00:18:42", "end": "00:18:47", "text": "mid, you know, or even early bull cycle"}, {"start": "00:18:45", "end": "00:18:49", "text": "consolidations, mid bull cycle"}, {"start": "00:18:47", "end": "00:18:52", "text": "consolidations are going to be normal on"}, {"start": "00:18:49", "end": "00:18:54", "text": "these charts. If you think about if I"}, {"start": "00:18:52", "end": "00:18:57", "text": "zoom all the way out on this chart and"}, {"start": "00:18:54", "end": "00:18:58", "text": "you go back and this is Russell 2000. I"}, {"start": "00:18:57", "end": "00:19:00", "text": "want to go back to a time where crypto"}, {"start": "00:18:58", "end": "00:19:02", "text": "wasn't trading. I've been saying"}, {"start": "00:19:00", "end": "00:19:04", "text": "anticipate and I've been saying this for"}, {"start": "00:19:02", "end": "00:19:06", "text": "a very long time. Anticipate a 90s style"}, {"start": "00:19:04", "end": "00:19:09", "text": "boom everybody where it just keeps going"}, {"start": "00:19:06", "end": "00:19:11", "text": "higher and higher and higher for like a"}, {"start": "00:19:09", "end": "00:19:13", "text": "decade, right? I'm not saying it's going"}, {"start": "00:19:11", "end": "00:19:15", "text": "to happen for a decade, but in those"}, {"start": "00:19:13", "end": "00:19:18", "text": "environments, we need these monthly"}, {"start": "00:19:15", "end": "00:19:20", "text": "pullbacks. And it is very telling that"}, {"start": "00:19:18", "end": "00:19:24", "text": "something like the Russell 2000 could be"}, {"start": "00:19:20", "end": "00:19:27", "text": "in a 90s style boom, right? And we're"}, {"start": "00:19:24", "end": "00:19:30", "text": "getting healthy pullbacks. If we want a"}, {"start": "00:19:27", "end": "00:19:33", "text": "sustained multi-year boom when it comes"}, {"start": "00:19:30", "end": "00:19:36", "text": "to Russell 2000, right? By the way, you"}, {"start": "00:19:33", "end": "00:19:38", "text": "can just see Russell 2000, what's it"}, {"start": "00:19:36", "end": "00:19:39", "text": "doing? What's it been doing? It's been"}, {"start": "00:19:38", "end": "00:19:41", "text": "expanding with the shift of the business"}, {"start": "00:19:39", "end": "00:19:43", "text": "cycle. And if we get a continued"}, {"start": "00:19:41", "end": "00:19:45", "text": "expansion of the business cycle, there's"}, {"start": "00:19:43", "end": "00:19:46", "text": "a lot of upside for Russell 2000. And"}, {"start": "00:19:45", "end": "00:19:49", "text": "the reason I'm talking about Russell"}, {"start": "00:19:46", "end": "00:19:51", "text": "2000 is because it's the higher risk"}, {"start": "00:19:49", "end": "00:19:52", "text": "play when it when you think about things"}, {"start": "00:19:51", "end": "00:19:55", "text": "of tradition like traditional"}, {"start": "00:19:52", "end": "00:19:57", "text": "investments the stock market and it is a"}, {"start": "00:19:55", "end": "00:19:59", "text": "precursor to the last thing on the risk"}, {"start": "00:19:57", "end": "00:20:02", "text": "curve which is crypto and this is how"}, {"start": "00:19:59", "end": "00:20:04", "text": "cycles have been operating and so now we"}, {"start": "00:20:02", "end": "00:20:06", "text": "we can think about that in terms of"}, {"start": "00:20:04", "end": "00:20:10", "text": "altcoins and this is the beginning of"}, {"start": "00:20:06", "end": "00:20:12", "text": "altcoin bull markets altcoin uh altcoins"}, {"start": "00:20:10", "end": "00:20:14", "text": "versus bitcoin on this chart you can see"}, {"start": "00:20:12", "end": "00:20:15", "text": "the multi-year contraction with the"}, {"start": "00:20:14", "end": "00:20:16", "text": "business cycle"}, {"start": "00:20:15", "end": "00:20:19", "text": "And if we're getting this turn and if"}, {"start": "00:20:16", "end": "00:20:23", "text": "Russell 2000's entering its bull and has"}, {"start": "00:20:19", "end": "00:20:25", "text": "has a a long bull ahead of it with"}, {"start": "00:20:23", "end": "00:20:27", "text": "expansion of this business cycle, well,"}, {"start": "00:20:25", "end": "00:20:29", "text": "right now we are testing the breakout"}, {"start": "00:20:27", "end": "00:20:32", "text": "area of altcoins. And last time it"}, {"start": "00:20:29", "end": "00:20:34", "text": "happened was back here in 2020."}, {"start": "00:20:32", "end": "00:20:37", "text": "And by the way, I I I don't really"}, {"start": "00:20:34", "end": "00:20:38", "text": "mention this, but the time before that"}, {"start": "00:20:37", "end": "00:20:42", "text": "where it happened was all the way back"}, {"start": "00:20:38", "end": "00:20:44", "text": "here basically in 2016. And look at"}, {"start": "00:20:42", "end": "00:20:47", "text": "this. This was with the expansion of the"}, {"start": "00:20:44", "end": "00:20:48", "text": "business cycle as well. So if you want"}, {"start": "00:20:47", "end": "00:20:51", "text": "to think about this in terms of man"}, {"start": "00:20:48", "end": "00:20:54", "text": "altcoin season, I'm not going to even"}, {"start": "00:20:51", "end": "00:20:56", "text": "really push the term anymore, but"}, {"start": "00:20:54", "end": "00:20:59", "text": "altcoin season, altcoin bull market, it"}, {"start": "00:20:56", "end": "00:21:01", "text": "happens with business cycle expansion."}, {"start": "00:20:59", "end": "00:21:02", "text": "And these are the previous times. And"}, {"start": "00:21:01", "end": "00:21:04", "text": "you see what the chart looks like,"}, {"start": "00:21:02", "end": "00:21:07", "text": "everybody. This is where we are right"}, {"start": "00:21:04", "end": "00:21:09", "text": "now. We're at the beginning of expansion"}, {"start": "00:21:07", "end": "00:21:12", "text": "and a potential breakout happening on"}, {"start": "00:21:09", "end": "00:21:13", "text": "altcoins versus Bitcoin right now. So,"}, {"start": "00:21:12", "end": "00:21:14", "text": "if you're bullish on that, smash that"}, {"start": "00:21:13", "end": "00:21:17", "text": "like button if you're in the chat right"}, {"start": "00:21:14", "end": "00:21:19", "text": "now. Really appreciate you cruising"}, {"start": "00:21:17", "end": "00:21:20", "text": "through. And if you're not a subscriber,"}, {"start": "00:21:19", "end": "00:21:22", "text": "smash that subscribe as we continue to"}, {"start": "00:21:20", "end": "00:21:25", "text": "track these cycles. My approach to these"}, {"start": "00:21:22", "end": "00:21:26", "text": "cycles is very macro-minded. Um, but"}, {"start": "00:21:25", "end": "00:21:28", "text": "along the way, especially if we start"}, {"start": "00:21:26", "end": "00:21:30", "text": "entering bull territory, I do want to"}, {"start": "00:21:28", "end": "00:21:33", "text": "start considering, man, we need to"}, {"start": "00:21:30", "end": "00:21:35", "text": "figure out how to take profit. I've got"}, {"start": "00:21:33", "end": "00:21:37", "text": "my risk models back here. Want to spend"}, {"start": "00:21:35", "end": "00:21:38", "text": "a couple moments in our risk in our"}, {"start": "00:21:37", "end": "00:21:40", "text": "intelligence system and our risk models"}, {"start": "00:21:38", "end": "00:21:42", "text": "just to point some things out to you."}, {"start": "00:21:40", "end": "00:21:43", "text": "Um, this is what our members are using,"}, {"start": "00:21:42", "end": "00:21:45", "text": "not only recently in our accumulation"}, {"start": "00:21:43", "end": "00:21:48", "text": "planner to accumulate based on risk."}, {"start": "00:21:45", "end": "00:21:51", "text": "I've been saying for a very long time."}, {"start": "00:21:48", "end": "00:21:54", "text": "We've been in low risk. The low risk is"}, {"start": "00:21:51", "end": "00:21:55", "text": "accumulation zone. There's going to be a"}, {"start": "00:21:54", "end": "00:21:57", "text": "time where some of these charts are"}, {"start": "00:21:55", "end": "00:21:59", "text": "getting overheated and it's time to"}, {"start": "00:21:57", "end": "00:22:01", "text": "start taking exits based on risk scores."}, {"start": "00:21:59", "end": "00:22:04", "text": "But what I want to point out to you is"}, {"start": "00:22:01", "end": "00:22:05", "text": "SUI for instance and this is even if"}, {"start": "00:22:04", "end": "00:22:08", "text": "you're not a member right now in our"}, {"start": "00:22:05", "end": "00:22:10", "text": "system you can you can extract value"}, {"start": "00:22:08", "end": "00:22:12", "text": "from the data that I'm showing to you"}, {"start": "00:22:10", "end": "00:22:16", "text": "this is the data that our members have"}, {"start": "00:22:12", "end": "00:22:18", "text": "in our system but"}, {"start": "00:22:16", "end": "00:22:20", "text": "for a very good example because"}, {"start": "00:22:18", "end": "00:22:21", "text": "especially if you're an altcoin holder"}, {"start": "00:22:20", "end": "00:22:23", "text": "and you're looking at these charts"}, {"start": "00:22:21", "end": "00:22:25", "text": "you're just kind of like a man this is"}, {"start": "00:22:23", "end": "00:22:27", "text": "like maybe this is it this is the end of"}, {"start": "00:22:25", "end": "00:22:29", "text": "the pump we're just going to go to lower"}, {"start": "00:22:27", "end": "00:22:30", "text": "lows because this is how it's been for"}, {"start": "00:22:29", "end": "00:22:31", "text": "like 5"}, {"start": "00:22:30", "end": "00:22:33", "text": "We're just going to go to lower lows."}, {"start": "00:22:31", "end": "00:22:37", "text": "This is a fake out. This is a bear trap."}, {"start": "00:22:33", "end": "00:22:39", "text": "It's hard to imagine like exiting low"}, {"start": "00:22:37", "end": "00:22:41", "text": "risk scores and entering an actual bull"}, {"start": "00:22:39", "end": "00:22:44", "text": "market that doesn't last a week and"}, {"start": "00:22:41", "end": "00:22:48", "text": "actually sustained. It keeps going. Last"}, {"start": "00:22:44", "end": "00:22:51", "text": "time it happened was 2020 into 2021."}, {"start": "00:22:48", "end": "00:22:53", "text": "But 26 is a SU risk score. I just want"}, {"start": "00:22:51", "end": "00:22:56", "text": "to say if you're not familiar with our"}, {"start": "00:22:53", "end": "00:22:58", "text": "risk models, that's low. Okay. So even"}, {"start": "00:22:56", "end": "00:23:00", "text": "with something like SUI which is making"}, {"start": "00:22:58", "end": "00:23:02", "text": "a very nice move on the monthly I just"}, {"start": "00:23:00", "end": "00:23:04", "text": "want to say this is the beginning this"}, {"start": "00:23:02", "end": "00:23:09", "text": "is the beginning of a move but we need"}, {"start": "00:23:04", "end": "00:23:11", "text": "to start anticipating now. So"}, {"start": "00:23:09", "end": "00:23:13", "text": "73% of the time after 3 months price was"}, {"start": "00:23:11", "end": "00:23:17", "text": "higher at this risk score 100% of the"}, {"start": "00:23:13", "end": "00:23:19", "text": "time after one year and has not had a"}, {"start": "00:23:17", "end": "00:23:21", "text": "bull market. So a lot of the data that"}, {"start": "00:23:19", "end": "00:23:22", "text": "you see here, we you one of the things"}, {"start": "00:23:21", "end": "00:23:24", "text": "that we use in our models is emerging"}, {"start": "00:23:22", "end": "00:23:26", "text": "asset theory, a statistical modeling of"}, {"start": "00:23:24", "end": "00:23:30", "text": "market cycles. So it it kind of takes"}, {"start": "00:23:26", "end": "00:23:31", "text": "data of maybe cryptos that have more"}, {"start": "00:23:30", "end": "00:23:32", "text": "data, right? Think of something like"}, {"start": "00:23:31", "end": "00:23:34", "text": "Bitcoin. When you go look at a Bitcoin"}, {"start": "00:23:32", "end": "00:23:36", "text": "risk model, which by the way, if I go"}, {"start": "00:23:34", "end": "00:23:40", "text": "take a glance at it, Bitcoin risk model"}, {"start": "00:23:36", "end": "00:23:43", "text": "is only at a 34. That is very early and"}, {"start": "00:23:40", "end": "00:23:46", "text": "still considered pretty low risk. 3"}, {"start": "00:23:43", "end": "00:23:48", "text": "months 57% of the time it was higher and"}, {"start": "00:23:46", "end": "00:23:50", "text": "85% of the time after one year price was"}, {"start": "00:23:48", "end": "00:23:52", "text": "higher at this risk score."}, {"start": "00:23:50", "end": "00:23:55", "text": "So when we're thinking about data this"}, {"start": "00:23:52", "end": "00:23:57", "text": "is going back to 2010."}, {"start": "00:23:55", "end": "00:24:00", "text": "Um, so Bitcoin sitting at a 34 right"}, {"start": "00:23:57", "end": "00:24:03", "text": "now. Something like Cardano also in the"}, {"start": "00:24:00", "end": "00:24:06", "text": "20s like SU sitting at a 20 right now"}, {"start": "00:24:03", "end": "00:24:09", "text": "with just the last time that Cardano"}, {"start": "00:24:06", "end": "00:24:13", "text": "even had like real parabolic moves,"}, {"start": "00:24:09", "end": "00:24:15", "text": "business cycle expansion, you know, time"}, {"start": "00:24:13", "end": "00:24:18", "text": "to sell type of moves was all the way"}, {"start": "00:24:15", "end": "00:24:20", "text": "back here in 2020 into 2021. And you can"}, {"start": "00:24:18", "end": "00:24:23", "text": "see how overheated the chart gets. This"}, {"start": "00:24:20", "end": "00:24:25", "text": "is the purpose of this system is so when"}, {"start": "00:24:23", "end": "00:24:26", "text": "we start entering these overheated"}, {"start": "00:24:25", "end": "00:24:29", "text": "environments and maybe you want to play"}, {"start": "00:24:26", "end": "00:24:31", "text": "it even more conservative this cycle and"}, {"start": "00:24:29", "end": "00:24:34", "text": "for something like Cardano, you want to"}, {"start": "00:24:31", "end": "00:24:37", "text": "start taking profits at 50, small"}, {"start": "00:24:34", "end": "00:24:40", "text": "profits at 50 for instance. That could"}, {"start": "00:24:37", "end": "00:24:41", "text": "be very early in a in an expansion"}, {"start": "00:24:40", "end": "00:24:43", "text": "environment of the business cycle. I"}, {"start": "00:24:41", "end": "00:24:46", "text": "just want to say but I think a lot of"}, {"start": "00:24:43", "end": "00:24:49", "text": "people are probably traumatized by what"}, {"start": "00:24:46", "end": "00:24:51", "text": "happened December 2024"}, {"start": "00:24:49", "end": "00:24:53", "text": "risk 53 for Cardano. They're thinking,"}, {"start": "00:24:51", "end": "00:24:54", "text": "man, I'm thinking too, we're getting,"}, {"start": "00:24:53", "end": "00:24:56", "text": "dude, we're about to we're in the"}, {"start": "00:24:54", "end": "00:25:00", "text": "precipice of a bull run here and the"}, {"start": "00:24:56", "end": "00:25:01", "text": "bull market never happened. And"}, {"start": "00:25:00", "end": "00:25:03", "text": "maybe selling here would have been a"}, {"start": "00:25:01", "end": "00:25:06", "text": "good idea, obviously, right? Slightly"}, {"start": "00:25:03", "end": "00:25:09", "text": "above a dollar for Cardano. 52 risk, but"}, {"start": "00:25:06", "end": "00:25:10", "text": "the point is you're everybody's going to"}, {"start": "00:25:09", "end": "00:25:12", "text": "have to find their risk appetite at"}, {"start": "00:25:10", "end": "00:25:14", "text": "these scores when we start getting"}, {"start": "00:25:12", "end": "00:25:16", "text": "there. But big bit uh Cardano is at a 20"}, {"start": "00:25:14", "end": "00:25:20", "text": "right now. If I go look at the altcoin"}, {"start": "00:25:16", "end": "00:25:23", "text": "market cap risk model in our system at a"}, {"start": "00:25:20", "end": "00:25:26", "text": "12 86% of the time after three months"}, {"start": "00:25:23", "end": "00:25:29", "text": "price was higher 100% of the time after"}, {"start": "00:25:26", "end": "00:25:31", "text": "one year price was higher. So we are"}, {"start": "00:25:29", "end": "00:25:35", "text": "look at the look at the sideways of this"}, {"start": "00:25:31", "end": "00:25:36", "text": "risk model. We've not had a bull market"}, {"start": "00:25:35", "end": "00:25:38", "text": "and the purpose of these risk models is"}, {"start": "00:25:36", "end": "00:25:40", "text": "to when we have a bull market know when"}, {"start": "00:25:38", "end": "00:25:44", "text": "to start selling based on your risk"}, {"start": "00:25:40", "end": "00:25:46", "text": "appetite. Right? risk of 74 back here in"}, {"start": "00:25:44", "end": "00:25:48", "text": "2017. Figure it out if you want to start"}, {"start": "00:25:46", "end": "00:25:52", "text": "taking profits at this moment, but just"}, {"start": "00:25:48", "end": "00:25:55", "text": "know it went higher 99 right there on"}, {"start": "00:25:52", "end": "00:25:58", "text": "this risk model. So, this is kind of"}, {"start": "00:25:55", "end": "00:25:59", "text": "setting up this macro look of things and"}, {"start": "00:25:58", "end": "00:26:04", "text": "and trying to I'm trying to plant the"}, {"start": "00:25:59", "end": "00:26:06", "text": "seed of please be prepared for, you"}, {"start": "00:26:04", "end": "00:26:09", "text": "know, a cycle ahead. And I'm not saying"}, {"start": "00:26:06", "end": "00:26:10", "text": "this month we could have the rest of"}, {"start": "00:26:09", "end": "00:26:12", "text": "September could be red. Like we could"}, {"start": "00:26:10", "end": "00:26:15", "text": "just start falling now. I'm this is a"}, {"start": "00:26:12", "end": "00:26:16", "text": "zoomed out picture. Start anticipating a"}, {"start": "00:26:15", "end": "00:26:18", "text": "reality where an actual bull market"}, {"start": "00:26:16", "end": "00:26:20", "text": "happens"}, {"start": "00:26:18", "end": "00:26:21", "text": "and start thinking about where you're"}, {"start": "00:26:20", "end": "00:26:23", "text": "going to sell and take profit. Please"}, {"start": "00:26:21", "end": "00:26:26", "text": "right now everybody so many people in"}, {"start": "00:26:23", "end": "00:26:27", "text": "the space have roundt tripped and right"}, {"start": "00:26:26", "end": "00:26:29", "text": "now start thinking about it and start"}, {"start": "00:26:27", "end": "00:26:32", "text": "planning planning your profit taking"}, {"start": "00:26:29", "end": "00:26:34", "text": "planning your exits. If you hold unis"}, {"start": "00:26:32", "end": "00:26:36", "text": "swap right let's start getting into some"}, {"start": "00:26:34", "end": "00:26:38", "text": "of this."}, {"start": "00:26:36", "end": "00:26:40", "text": "Let's start getting into some of these"}, {"start": "00:26:38", "end": "00:26:41", "text": "charts, these cryptos. And if you if"}, {"start": "00:26:40", "end": "00:26:45", "text": "there's something you want to watch or"}, {"start": "00:26:41", "end": "00:26:48", "text": "look look out for, um,"}, {"start": "00:26:45", "end": "00:26:51", "text": "you know, let me know."}, {"start": "00:26:48", "end": "00:26:52", "text": "I did cut my hair. I cut my hair for"}, {"start": "00:26:51", "end": "00:26:56", "text": "sure."}, {"start": "00:26:52", "end": "00:26:59", "text": "I was feeling it. Wifey, my wife kind of"}, {"start": "00:26:56", "end": "00:27:03", "text": "talked me into it as well."}, {"start": "00:26:59", "end": "00:27:06", "text": "Feels so good, too. It's so nice."}, {"start": "00:27:03", "end": "00:27:08", "text": "UniS swap. UniS swap's crazy how it just"}, {"start": "00:27:06", "end": "00:27:10", "text": "tracks so nicely with this business"}, {"start": "00:27:08", "end": "00:27:11", "text": "cycle. Just look at this everybody. It"}, {"start": "00:27:10", "end": "00:27:13", "text": "tracks so nicely with the business"}, {"start": "00:27:11", "end": "00:27:16", "text": "cycle. Business cycle starting to turn"}, {"start": "00:27:13", "end": "00:27:18", "text": "up. Unis swap turning up. These these"}, {"start": "00:27:16", "end": "00:27:21", "text": "assets which are altcoins last last on"}, {"start": "00:27:18", "end": "00:27:23", "text": "the risk risk curve starting to turn up."}, {"start": "00:27:21", "end": "00:27:25", "text": "There's obviously, you know, divergence"}, {"start": "00:27:23", "end": "00:27:27", "text": "here. It's not like it bounced right"}, {"start": "00:27:25", "end": "00:27:29", "text": "away, but a lot of that having to do"}, {"start": "00:27:27", "end": "00:27:32", "text": "with if you look at right here, December"}, {"start": "00:27:29", "end": "00:27:33", "text": "2025, the post QT dip, this is what it"}, {"start": "00:27:32", "end": "00:27:35", "text": "looks like. the normalization phase for"}, {"start": "00:27:33", "end": "00:27:37", "text": "unis swap. If you were there"}, {"start": "00:27:35", "end": "00:27:40", "text": "accumulating unis swap during these dips"}, {"start": "00:27:37", "end": "00:27:42", "text": "and looking like it's game over, look"}, {"start": "00:27:40", "end": "00:27:44", "text": "how quick all of those losses were made"}, {"start": "00:27:42", "end": "00:27:46", "text": "up and it's and it's not really losses"}, {"start": "00:27:44", "end": "00:27:47", "text": "if you're accumulating. And so if you're"}, {"start": "00:27:46", "end": "00:27:50", "text": "somebody that was accumulating something"}, {"start": "00:27:47", "end": "00:27:52", "text": "like unis swap, right? I don't know,"}, {"start": "00:27:50", "end": "00:27:54", "text": "maybe you want to think about taking a"}, {"start": "00:27:52", "end": "00:27:57", "text": "little bit off the top just to, you"}, {"start": "00:27:54", "end": "00:27:59", "text": "know, warm up those cell fingers for the"}, {"start": "00:27:57", "end": "00:28:00", "text": "cycle. This is going to be a different"}, {"start": "00:27:59", "end": "00:28:02", "text": "approach for everybody, but unis swap"}, {"start": "00:28:00", "end": "00:28:03", "text": "right now just looking very nice. I"}, {"start": "00:28:02", "end": "00:28:06", "text": "think it's a great indicator of the"}, {"start": "00:28:03", "end": "00:28:09", "text": "industry. UNI uni has great the token"}, {"start": "00:28:06", "end": "00:28:12", "text": "itself has really great um use case in"}, {"start": "00:28:09", "end": "00:28:15", "text": "terms of just what it does for unis swap"}, {"start": "00:28:12", "end": "00:28:17", "text": "in general. Um but right now unis swap"}, {"start": "00:28:15", "end": "00:28:19", "text": "is just up I mean I think it's like up"}, {"start": "00:28:17", "end": "00:28:23", "text": "almost I mean from these lows from June"}, {"start": "00:28:19", "end": "00:28:25", "text": "we're up almost 300% everybody."}, {"start": "00:28:23", "end": "00:28:27", "text": "So it's a very good indicator for other"}, {"start": "00:28:25", "end": "00:28:29", "text": "altcoins. So let's start getting into"}, {"start": "00:28:27", "end": "00:28:32", "text": "some altcoins like sui. I want to look"}, {"start": "00:28:29", "end": "00:28:33", "text": "at SUI and then we'll continue down um"}, {"start": "00:28:32", "end": "00:28:35", "text": "some of the ones that I want to look at"}, {"start": "00:28:33", "end": "00:28:39", "text": "and if you guys mention anything out"}, {"start": "00:28:35", "end": "00:28:41", "text": "there um I'll take a look at ICP after I"}, {"start": "00:28:39", "end": "00:28:44", "text": "do SUI. We'll take a look at the ICP"}, {"start": "00:28:41", "end": "00:28:47", "text": "risk model and um we'll take a look at"}, {"start": "00:28:44", "end": "00:28:50", "text": "ICP charts as well just a moment. So"}, {"start": "00:28:47", "end": "00:28:52", "text": "because I I'm quite positive we have an"}, {"start": "00:28:50", "end": "00:28:55", "text": "I think we have an ICP risk model. We"}, {"start": "00:28:52", "end": "00:28:56", "text": "don't have every asset but we have a lot"}, {"start": "00:28:55", "end": "00:28:58", "text": "when when we're thinking about risk"}, {"start": "00:28:56", "end": "00:28:59", "text": "models. But sweet on the monthly, I just"}, {"start": "00:28:58", "end": "00:29:01", "text": "want to take a glance at it just because"}, {"start": "00:28:59", "end": "00:29:02", "text": "it's beautiful. But I also want to put"}, {"start": "00:29:01", "end": "00:29:07", "text": "point to your attention something and"}, {"start": "00:29:02", "end": "00:29:10", "text": "that is look at this complete set of the"}, {"start": "00:29:07", "end": "00:29:12", "text": "RSI slower moving momentum oscillator."}, {"start": "00:29:10", "end": "00:29:14", "text": "Obviously SWE is newer in terms of"}, {"start": "00:29:12", "end": "00:29:17", "text": "cycles. So this is the lowest it's ever"}, {"start": "00:29:14", "end": "00:29:20", "text": "gotten 36. We've not even broken above"}, {"start": "00:29:17", "end": "00:29:22", "text": "the moving average line on the RSI."}, {"start": "00:29:20", "end": "00:29:24", "text": "Beautiful move on SW monthly. But this"}, {"start": "00:29:22", "end": "00:29:26", "text": "isn't like in my opinion this is all"}, {"start": "00:29:24", "end": "00:29:28", "text": "this is how I see it. This isn't like"}, {"start": "00:29:26", "end": "00:29:31", "text": "the end of a move. This is the beginning"}, {"start": "00:29:28", "end": "00:29:34", "text": "of a macro move."}, {"start": "00:29:31", "end": "00:29:36", "text": "MAC D uh the histogram trending upwards."}, {"start": "00:29:34", "end": "00:29:38", "text": "Very nice. But the MACD line on this"}, {"start": "00:29:36", "end": "00:29:40", "text": "monthly still not even anywhere near"}, {"start": "00:29:38", "end": "00:29:42", "text": "flipping above the signal line. Right?"}, {"start": "00:29:40", "end": "00:29:45", "text": "This red line is a signal line. The MACD"}, {"start": "00:29:42", "end": "00:29:48", "text": "is in blue. Um and the histogram not"}, {"start": "00:29:45", "end": "00:29:50", "text": "even at zero yet on the histogram. So"}, {"start": "00:29:48", "end": "00:29:53", "text": "there's there's still a lot of work to"}, {"start": "00:29:50", "end": "00:29:54", "text": "do for for SWE. The 20-month moving"}, {"start": "00:29:53", "end": "00:29:56", "text": "average is all the way up here around"}, {"start": "00:29:54", "end": "00:30:00", "text": "A186."}, {"start": "00:29:56", "end": "00:30:04", "text": "Um, 186, right? So, I want to change"}, {"start": "00:30:00", "end": "00:30:06", "text": "this to a weekly, though, and"}, {"start": "00:30:04", "end": "00:30:10", "text": "we can get a sense of what's going on."}, {"start": "00:30:06", "end": "00:30:13", "text": "It's really the flipping of all of this"}, {"start": "00:30:10", "end": "00:30:14", "text": "downside that we've seen since, you"}, {"start": "00:30:13", "end": "00:30:17", "text": "know, since we had these highs. I mean"}, {"start": "00:30:14", "end": "00:30:19", "text": "really back here in January of 2025, but"}, {"start": "00:30:17", "end": "00:30:22", "text": "it's a flipping of it and it's going to"}, {"start": "00:30:19", "end": "00:30:24", "text": "be a probably a choppy I could be wrong,"}, {"start": "00:30:22", "end": "00:30:27", "text": "but it's probably going to be choppy and"}, {"start": "00:30:24", "end": "00:30:29", "text": "as Sheldon alluded to,"}, {"start": "00:30:27", "end": "00:30:31", "text": "there was a time to buy, but soon"}, {"start": "00:30:29", "end": "00:30:32", "text": "everything will be overextended and"}, {"start": "00:30:31", "end": "00:30:34", "text": "market will reject and give new"}, {"start": "00:30:32", "end": "00:30:38", "text": "opportunities. Su is a very nice example"}, {"start": "00:30:34", "end": "00:30:40", "text": "of this. I literally I just bought I'll"}, {"start": "00:30:38", "end": "00:30:42", "text": "probably cover it in in a video later or"}, {"start": "00:30:40", "end": "00:30:44", "text": "something, but I just had bought because"}, {"start": "00:30:42", "end": "00:30:45", "text": "it was breaking. I posted about on X I"}, {"start": "00:30:44", "end": "00:30:48", "text": "think yesterday."}, {"start": "00:30:45", "end": "00:30:50", "text": "It was breaking above the 200 day"}, {"start": "00:30:48", "end": "00:30:53", "text": "yesterday and I was like man 89 cents or"}, {"start": "00:30:50", "end": "00:30:55", "text": "so 89.90 cents. I was like I just like"}, {"start": "00:30:53", "end": "00:30:58", "text": "that move. It's breaking above the 200."}, {"start": "00:30:55", "end": "00:30:59", "text": "I was like this is it. I'm going to add"}, {"start": "00:30:58", "end": "00:31:02", "text": "a little bit more. Like this is my last"}, {"start": "00:30:59", "end": "00:31:04", "text": "shot in terms of accumulation. I'm done"}, {"start": "00:31:02", "end": "00:31:06", "text": "because"}, {"start": "00:31:04", "end": "00:31:09", "text": "it's just I'm not going to after all"}, {"start": "00:31:06", "end": "00:31:11", "text": "this time preparing for accumulation."}, {"start": "00:31:09", "end": "00:31:14", "text": "I'm not going to just chase pumps. it's"}, {"start": "00:31:11", "end": "00:31:16", "text": "going to be done for me. And so that was"}, {"start": "00:31:14", "end": "00:31:18", "text": "it. And it it kind of took off from"}, {"start": "00:31:16", "end": "00:31:20", "text": "there. Could SWE make its way back to"}, {"start": "00:31:18", "end": "00:31:24", "text": "test the 200 day moving average at 84"}, {"start": "00:31:20", "end": "00:31:26", "text": "cents? 100% everybody. And I don't know"}, {"start": "00:31:24", "end": "00:31:29", "text": "if that's the type of dip that Sheldon"}, {"start": "00:31:26", "end": "00:31:31", "text": "is alluding to. It might not be that low"}, {"start": "00:31:29", "end": "00:31:33", "text": "for something like SUI, but that's a"}, {"start": "00:31:31", "end": "00:31:35", "text": "general thought, right? And if we go"}, {"start": "00:31:33", "end": "00:31:37", "text": "back to the weekly on SUI, get a sense"}, {"start": "00:31:35", "end": "00:31:39", "text": "of how this will look for other altcoins"}, {"start": "00:31:37", "end": "00:31:41", "text": "as well. So SWE broke above the 20week"}, {"start": "00:31:39", "end": "00:31:44", "text": "moving average finally. It's so good to"}, {"start": "00:31:41", "end": "00:31:46", "text": "see it has been continued rejection in"}, {"start": "00:31:44", "end": "00:31:48", "text": "this entire bare move. And when SUI does"}, {"start": "00:31:46", "end": "00:31:50", "text": "that, we don't have a ton of data, but"}, {"start": "00:31:48", "end": "00:31:53", "text": "breaking above the 20we this is a very"}, {"start": "00:31:50", "end": "00:31:55", "text": "good macro move for SUI. And by the way,"}, {"start": "00:31:53", "end": "00:31:58", "text": "n neither of these two breaks above the"}, {"start": "00:31:55", "end": "00:32:01", "text": "20we moving average happened in an"}, {"start": "00:31:58", "end": "00:32:03", "text": "environment of uh expansion of the"}, {"start": "00:32:01", "end": "00:32:05", "text": "business cycle."}, {"start": "00:32:03", "end": "00:32:06", "text": "These happened within all the"}, {"start": "00:32:05", "end": "00:32:08", "text": "contraction of the business cycle we've"}, {"start": "00:32:06", "end": "00:32:10", "text": "had. SU has not had a business cycle"}, {"start": "00:32:08", "end": "00:32:12", "text": "expansion bull market yet. So what"}, {"start": "00:32:10", "end": "00:32:16", "text": "happens this time when it's breaking the"}, {"start": "00:32:12", "end": "00:32:19", "text": "20week moving average. I think you know"}, {"start": "00:32:16", "end": "00:32:20", "text": "there is a lot of upside for SUI and so"}, {"start": "00:32:19", "end": "00:32:22", "text": "this could be the beginning of that"}, {"start": "00:32:20", "end": "00:32:24", "text": "move. But what I want to say is the 50WE"}, {"start": "00:32:22", "end": "00:32:27", "text": "moving average for instance is right"}, {"start": "00:32:24", "end": "00:32:30", "text": "here around A14. It's a very big macro"}, {"start": "00:32:27", "end": "00:32:32", "text": "resistance area to probably be mindful"}, {"start": "00:32:30", "end": "00:32:35", "text": "of. And so maybe SWE goes a little bit"}, {"start": "00:32:32", "end": "00:32:37", "text": "higher and meets that and actually"}, {"start": "00:32:35", "end": "00:32:40", "text": "starts consolidating back down. People"}, {"start": "00:32:37", "end": "00:32:41", "text": "start getting freaked out, right? And"}, {"start": "00:32:40", "end": "00:32:43", "text": "we're cuz we're consolidating maybe"}, {"start": "00:32:41", "end": "00:32:45", "text": "between the 20 and the 50we moving"}, {"start": "00:32:43", "end": "00:32:47", "text": "average, the blue and the green line."}, {"start": "00:32:45", "end": "00:32:50", "text": "And"}, {"start": "00:32:47", "end": "00:32:52", "text": "it's just typical consolidation within"}, {"start": "00:32:50", "end": "00:32:55", "text": "the beginning of a bull market. And it's"}, {"start": "00:32:52", "end": "00:32:58", "text": "going to be a it's going it's listen"}, {"start": "00:32:55", "end": "00:33:01", "text": "like crypto mentally is a very tough"}, {"start": "00:32:58", "end": "00:33:02", "text": "game when I do my analysis that is"}, {"start": "00:33:01", "end": "00:33:05", "text": "really the forefront of of everything"}, {"start": "00:33:02", "end": "00:33:08", "text": "that I'm trying to say that which is why"}, {"start": "00:33:05", "end": "00:33:11", "text": "I anticipate everything because the"}, {"start": "00:33:08", "end": "00:33:14", "text": "toughness comes when we're not in these"}, {"start": "00:33:11", "end": "00:33:18", "text": "moments where it's like dude I knew it"}, {"start": "00:33:14", "end": "00:33:19", "text": "like green candles let's go."}, {"start": "00:33:18", "end": "00:33:21", "text": "In those moments, you're like, \"All"}, {"start": "00:33:19", "end": "00:33:23", "text": "right, take a breath. Take take a"}, {"start": "00:33:21", "end": "00:33:25", "text": "breath. My portfolio is up a little"}, {"start": "00:33:23", "end": "00:33:27", "text": "bit.\" Right? It's why people are taking"}, {"start": "00:33:25", "end": "00:33:30", "text": "snap screenshots of their portfolio."}, {"start": "00:33:27", "end": "00:33:32", "text": "There's like it's like a d-stressing"}, {"start": "00:33:30", "end": "00:33:35", "text": "moment. But that that's the wrong game"}, {"start": "00:33:32", "end": "00:33:37", "text": "to play. That's an emotional game. What"}, {"start": "00:33:35", "end": "00:33:40", "text": "what we want to do is anticipate the"}, {"start": "00:33:37", "end": "00:33:41", "text": "volatility along the way. We want to"}, {"start": "00:33:40", "end": "00:33:43", "text": "anticipate red candles along the way"}, {"start": "00:33:41", "end": "00:33:44", "text": "because those are the moments where you"}, {"start": "00:33:43", "end": "00:33:46", "text": "need to already know what you're going"}, {"start": "00:33:44", "end": "00:33:48", "text": "to be doing. Meaning, are you going to"}, {"start": "00:33:46", "end": "00:33:51", "text": "freak out? If SU sees resistance at the"}, {"start": "00:33:48", "end": "00:33:53", "text": "50week moving average and starts falling"}, {"start": "00:33:51", "end": "00:33:55", "text": "back back down and we're at 90 cents"}, {"start": "00:33:53", "end": "00:33:58", "text": "again like we just talked about, are you"}, {"start": "00:33:55", "end": "00:33:59", "text": "going to start freaking out? Right? And"}, {"start": "00:33:58", "end": "00:34:03", "text": "so this is the mental game that we have"}, {"start": "00:33:59", "end": "00:34:06", "text": "to be prepared for for bull markets. And"}, {"start": "00:34:03", "end": "00:34:08", "text": "even a really good example is just like"}, {"start": "00:34:06", "end": "00:34:10", "text": "you can just see when we broke the"}, {"start": "00:34:08", "end": "00:34:13", "text": "20week moving average back here in uh"}, {"start": "00:34:10", "end": "00:34:15", "text": "November 2023, there's red candles in"}, {"start": "00:34:13", "end": "00:34:17", "text": "here. And I know it doesn't look crazy,"}, {"start": "00:34:15", "end": "00:34:18", "text": "but these are volatile moments if you're"}, {"start": "00:34:17", "end": "00:34:20", "text": "zoomed out. If you're zoomed in on the"}, {"start": "00:34:18", "end": "00:34:23", "text": "daily and in those moments, you might"}, {"start": "00:34:20", "end": "00:34:24", "text": "just be like, \"Oh man, I I knew it. This"}, {"start": "00:34:23", "end": "00:34:26", "text": "this this little bull run is going to"}, {"start": "00:34:24", "end": "00:34:28", "text": "end, right? There's a big red candle"}, {"start": "00:34:26", "end": "00:34:30", "text": "right here and then it's followed by a"}, {"start": "00:34:28", "end": "00:34:32", "text": "green candle. The market fakes everybody"}, {"start": "00:34:30", "end": "00:34:34", "text": "out. Everybody's getting liquidated"}, {"start": "00:34:32", "end": "00:34:36", "text": "here, shorts and longs on the short"}, {"start": "00:34:34", "end": "00:34:37", "text": "term, and then all of a sudden the macro"}, {"start": "00:34:36", "end": "00:34:39", "text": "move happens. So these are the things"}, {"start": "00:34:37", "end": "00:34:41", "text": "that we need to consider, balance our"}, {"start": "00:34:39", "end": "00:34:44", "text": "risk and and really operate within this"}, {"start": "00:34:41", "end": "00:34:46", "text": "framework of like, you know,"}, {"start": "00:34:44", "end": "00:34:48", "text": "this could literally be the beginning of"}, {"start": "00:34:46", "end": "00:34:50", "text": "a bull market, but there could literally"}, {"start": "00:34:48", "end": "00:34:53", "text": "be at the same time 30% dips along the"}, {"start": "00:34:50", "end": "00:34:56", "text": "way. How you going to play it? We got"}, {"start": "00:34:53", "end": "00:34:57", "text": "CryptoLucian in the house. What's up,"}, {"start": "00:34:56", "end": "00:34:59", "text": "Vincent? Appreciate you cruising"}, {"start": "00:34:57", "end": "00:35:01", "text": "through, man. Love you, dude. We got"}, {"start": "00:34:59", "end": "00:35:03", "text": "dog. We're going to be checking out some"}, {"start": "00:35:01", "end": "00:35:05", "text": "dog charts soon. Very I'm actually quite"}, {"start": "00:35:03", "end": "00:35:07", "text": "surprised by the move so far. Um, but"}, {"start": "00:35:05", "end": "00:35:10", "text": "we'll we'll we're going to dig into it"}, {"start": "00:35:07", "end": "00:35:11", "text": "and um I'll try and look at uh some"}, {"start": "00:35:10", "end": "00:35:13", "text": "other things. What I want to look at,"}, {"start": "00:35:11", "end": "00:35:16", "text": "somebody brought up ICP."}, {"start": "00:35:13", "end": "00:35:21", "text": "I don't know. I might have an ICP chart"}, {"start": "00:35:16", "end": "00:35:21", "text": "somewhere. Let me see. IC."}, {"start": "00:35:21", "end": "00:35:27", "text": "Probably not."}, {"start": "00:35:24", "end": "00:35:29", "text": "Let's bring up ICP."}, {"start": "00:35:27", "end": "00:35:31", "text": "I'm pretty impressed by the ICP. I did"}, {"start": "00:35:29", "end": "00:35:33", "text": "have one. Darn it. And I just lost it."}, {"start": "00:35:31", "end": "00:35:37", "text": "I'm pretty impressed by the ICP. like"}, {"start": "00:35:33", "end": "00:35:38", "text": "they have absolute community like they"}, {"start": "00:35:37", "end": "00:35:40", "text": "there's some good engagement on the"}, {"start": "00:35:38", "end": "00:35:42", "text": "socials when it comes to ICP but I'm"}, {"start": "00:35:40", "end": "00:35:43", "text": "going to go on our intelligence system I"}, {"start": "00:35:42", "end": "00:35:45", "text": "can't exactly remember if we have it but"}, {"start": "00:35:43", "end": "00:35:49", "text": "I'm going to look"}, {"start": "00:35:45", "end": "00:35:54", "text": "we have it so ICP currently sitting at a"}, {"start": "00:35:49", "end": "00:35:57", "text": "41 57% of the time after 3 months 90% of"}, {"start": "00:35:54", "end": "00:36:01", "text": "the time after one year price was higher"}, {"start": "00:35:57", "end": "00:36:03", "text": "um our data going back to 2021 of May so"}, {"start": "00:36:01", "end": "00:36:05", "text": "if we think about this in terms of I"}, {"start": "00:36:03", "end": "00:36:08", "text": "don't know where does this chart go?"}, {"start": "00:36:05", "end": "00:36:09", "text": "This chart goes to May 2021. This is"}, {"start": "00:36:08", "end": "00:36:11", "text": "interesting."}, {"start": "00:36:09", "end": "00:36:13", "text": "Go to"}, {"start": "00:36:11", "end": "00:36:17", "text": "uh let's go to total two for just a"}, {"start": "00:36:13", "end": "00:36:17", "text": "second. Where is it?"}, {"start": "00:36:19", "end": "00:36:24", "text": "Total two."}, {"start": "00:36:21", "end": "00:36:27", "text": "Or let's just go to total excluding"}, {"start": "00:36:24", "end": "00:36:30", "text": "Bitcoin"}, {"start": "00:36:27", "end": "00:36:30", "text": "May of 2021."}, {"start": "00:36:30", "end": "00:36:34", "text": "May of 2021."}, {"start": "00:36:34", "end": "00:36:39", "text": "Where are we at? Right here. Boom. I'm"}, {"start": "00:36:37", "end": "00:36:43", "text": "just trying to visualize in terms of"}, {"start": "00:36:39", "end": "00:36:45", "text": "cycles, you know, ICP, this chart that I"}, {"start": "00:36:43", "end": "00:36:46", "text": "have here. And I don't know if there's I"}, {"start": "00:36:45", "end": "00:36:49", "text": "don't know if I honestly don't know when"}, {"start": "00:36:46", "end": "00:36:52", "text": "ICP launched, but this is May of 2021 on"}, {"start": "00:36:49", "end": "00:36:55", "text": "this chart. And then I'm guessing"}, {"start": "00:36:52", "end": "00:36:56", "text": "because our risk model is also right"}, {"start": "00:36:55", "end": "00:36:59", "text": "there that this is around when it"}, {"start": "00:36:56", "end": "00:37:01", "text": "launched. It's interesting because it's"}, {"start": "00:36:59", "end": "00:37:02", "text": "it's kind of along these lines of what"}, {"start": "00:37:01", "end": "00:37:04", "text": "we just looked at on SUI and there's"}, {"start": "00:37:02", "end": "00:37:07", "text": "many other tok to tokens that are like"}, {"start": "00:37:04", "end": "00:37:10", "text": "this. Now I think it is makes the game"}, {"start": "00:37:07", "end": "00:37:11", "text": "very exciting this cycle but essentially"}, {"start": "00:37:10", "end": "00:37:14", "text": "when we're thinking of this chart"}, {"start": "00:37:11", "end": "00:37:18", "text": "excluding Bitcoin if we look at this in"}, {"start": "00:37:14", "end": "00:37:20", "text": "context to ICP launched here right ICP"}, {"start": "00:37:18", "end": "00:37:22", "text": "has not had a bull market and most"}, {"start": "00:37:20", "end": "00:37:25", "text": "certainly has not had a business cycle"}, {"start": "00:37:22", "end": "00:37:26", "text": "expansion bull market and in fact it"}, {"start": "00:37:25", "end": "00:37:30", "text": "launched at the top of the business"}, {"start": "00:37:26", "end": "00:37:35", "text": "cycle. So when we think about the upside"}, {"start": "00:37:30", "end": "00:37:38", "text": "for ICP, it's massive. Um I don't know"}, {"start": "00:37:35", "end": "00:37:40", "text": "tokconomics. I don't know. So in terms"}, {"start": "00:37:38", "end": "00:37:43", "text": "of like market cap and valuation, things"}, {"start": "00:37:40", "end": "00:37:45", "text": "change in terms of how that could look"}, {"start": "00:37:43", "end": "00:37:47", "text": "uh for something like ICP, but if we go"}, {"start": "00:37:45", "end": "00:37:51", "text": "to the risk model, you can see right now"}, {"start": "00:37:47", "end": "00:37:54", "text": "it's at a 41 and all through this we"}, {"start": "00:37:51", "end": "00:37:56", "text": "were in the 30s. definitely accumulation"}, {"start": "00:37:54", "end": "00:37:58", "text": "zone for quite some time and now we're"}, {"start": "00:37:56", "end": "00:38:01", "text": "kind of exiting. So the model's"}, {"start": "00:37:58", "end": "00:38:03", "text": "basically putting a hold on it and"}, {"start": "00:38:01", "end": "00:38:05", "text": "basically saying 90% of the time after"}, {"start": "00:38:03", "end": "00:38:08", "text": "one year price was higher. But one thing"}, {"start": "00:38:05", "end": "00:38:10", "text": "to notice even in the 2000 uh 2024 bull"}, {"start": "00:38:08", "end": "00:38:11", "text": "move when much much of the industry"}, {"start": "00:38:10", "end": "00:38:14", "text": "thought the bull market was starting"}, {"start": "00:38:11", "end": "00:38:19", "text": "everybody was hype. It was fun. It hit a"}, {"start": "00:38:14", "end": "00:38:21", "text": "68 at uh what $19 or so. Right now it's"}, {"start": "00:38:19", "end": "00:38:24", "text": "$2.95."}, {"start": "00:38:21", "end": "00:38:27", "text": "So even just to get to this area a lot"}, {"start": "00:38:24", "end": "00:38:28", "text": "of upside and the question will be what"}, {"start": "00:38:27", "end": "00:38:31", "text": "would risk what would the risk score"}, {"start": "00:38:28", "end": "00:38:33", "text": "look like and I just want to say what"}, {"start": "00:38:31", "end": "00:38:35", "text": "makes the models different for me right"}, {"start": "00:38:33", "end": "00:38:39", "text": "now compared to if you're looking at"}, {"start": "00:38:35", "end": "00:38:44", "text": "this in 2024 is let's say ICP gets to a"}, {"start": "00:38:39", "end": "00:38:45", "text": "risk of 68 and $19."}, {"start": "00:38:44", "end": "00:38:48", "text": "Well,"}, {"start": "00:38:45", "end": "00:38:50", "text": "what will be massively different for me"}, {"start": "00:38:48", "end": "00:38:53", "text": "if we actually go to the ICP charts and"}, {"start": "00:38:50", "end": "00:38:57", "text": "we're saying, okay, if price gets here"}, {"start": "00:38:53", "end": "00:39:01", "text": "again, right, with a risk score of 68,"}, {"start": "00:38:57", "end": "00:39:04", "text": "what makes it so different for me is if"}, {"start": "00:39:01", "end": "00:39:08", "text": "this business cycle is expanding and"}, {"start": "00:39:04", "end": "00:39:11", "text": "we're in this environment of expansion"}, {"start": "00:39:08", "end": "00:39:15", "text": "and crypto is reacting to that expansion"}, {"start": "00:39:11", "end": "00:39:17", "text": "in a bull market, I will look at ICP at"}, {"start": "00:39:15", "end": "00:39:20", "text": "$19 here very differently than I would"}, {"start": "00:39:17", "end": "00:39:21", "text": "look at it right here. And there's no"}, {"start": "00:39:20", "end": "00:39:23", "text": "there's nothing we could have really"}, {"start": "00:39:21", "end": "00:39:24", "text": "well there actually probably is things"}, {"start": "00:39:23", "end": "00:39:26", "text": "we could have done to anticipate you"}, {"start": "00:39:24", "end": "00:39:29", "text": "know what this isn't the beginning of"}, {"start": "00:39:26", "end": "00:39:31", "text": "expansion cycle. Um there's absolutely"}, {"start": "00:39:29", "end": "00:39:33", "text": "things we could have done. Uh for"}, {"start": "00:39:31", "end": "00:39:34", "text": "instance one of the things that was"}, {"start": "00:39:33", "end": "00:39:36", "text": "happening right here was we were in the"}, {"start": "00:39:34", "end": "00:39:38", "text": "middle of quantitative tightening."}, {"start": "00:39:36", "end": "00:39:42", "text": "Right? When we think about others versus"}, {"start": "00:39:38", "end": "00:39:45", "text": "BTC in 2024 look at this. We're in the"}, {"start": "00:39:42", "end": "00:39:48", "text": "middle of this big red box, quantitative"}, {"start": "00:39:45", "end": "00:39:50", "text": "tightening. So, it would be difficult in"}, {"start": "00:39:48", "end": "00:39:52", "text": "spring of 2024 to anticipate, man, we're"}, {"start": "00:39:50", "end": "00:39:53", "text": "about to expand, baby, because we're"}, {"start": "00:39:52", "end": "00:39:56", "text": "we're in the middle of liquidity"}, {"start": "00:39:53", "end": "00:39:58", "text": "extraction, record-breaking."}, {"start": "00:39:56", "end": "00:40:00", "text": "Well, now that's over, right? And in"}, {"start": "00:39:58", "end": "00:40:03", "text": "fact, we're getting the opposite. And QT"}, {"start": "00:40:00", "end": "00:40:05", "text": "ended in December of 2025, and we're"}, {"start": "00:40:03", "end": "00:40:08", "text": "getting this expansion. So, a chart like"}, {"start": "00:40:05", "end": "00:40:12", "text": "ICP looks very different right now than"}, {"start": "00:40:08", "end": "00:40:15", "text": "it did back here. So ICP has very nice"}, {"start": "00:40:12", "end": "00:40:19", "text": "upside. I mean $19 is this high back"}, {"start": "00:40:15", "end": "00:40:21", "text": "here in April of 2024. And if you're"}, {"start": "00:40:19", "end": "00:40:23", "text": "looking at it uh even from this"}, {"start": "00:40:21", "end": "00:40:26", "text": "perspective of where we are right now,"}, {"start": "00:40:23", "end": "00:40:28", "text": "it's almost 500% gains to that moment."}, {"start": "00:40:26", "end": "00:40:30", "text": "So that's a pretty nice case. I'm not"}, {"start": "00:40:28", "end": "00:40:31", "text": "going to speculate too much in terms of"}, {"start": "00:40:30", "end": "00:40:34", "text": "further upside. I don't I haven't"}, {"start": "00:40:31", "end": "00:40:37", "text": "studied the ICP charts enough. Uh I"}, {"start": "00:40:34", "end": "00:40:40", "text": "don't understand supply uh economics"}, {"start": "00:40:37", "end": "00:40:45", "text": "enough to to do that. But there seems to"}, {"start": "00:40:40", "end": "00:40:45", "text": "be definitely some upside for ICP."}, {"start": "00:40:45", "end": "00:40:50", "text": "Um, what else we got going on everybody?"}, {"start": "00:40:55", "end": "00:41:02", "text": "Just by render arrow and bonk"}, {"start": "00:41:00", "end": "00:41:04", "text": "then thank me later."}, {"start": "00:41:02", "end": "00:41:05", "text": "I glance at that and I'm like in a"}, {"start": "00:41:04", "end": "00:41:09", "text": "crypto bull market I'm sure all of those"}, {"start": "00:41:05", "end": "00:41:09", "text": "will be be doing very well."}, {"start": "00:41:12", "end": "00:41:17", "text": "So, um, let's go over take a look at"}, {"start": "00:41:15", "end": "00:41:18", "text": "ADA."}, {"start": "00:41:17", "end": "00:41:20", "text": "I want to talk about ADA because this is"}, {"start": "00:41:18", "end": "00:41:22", "text": "probably a picture, it's not just a"}, {"start": "00:41:20", "end": "00:41:24", "text": "picture of ADA, but it's a picture of, I"}, {"start": "00:41:22", "end": "00:41:26", "text": "would say, probably multiple altcoins."}, {"start": "00:41:24", "end": "00:41:28", "text": "That is to say, we look at something"}, {"start": "00:41:26", "end": "00:41:30", "text": "like unis swap. It's like, man, it broke"}, {"start": "00:41:28", "end": "00:41:32", "text": "out of this range at the bottoms out of"}, {"start": "00:41:30", "end": "00:41:35", "text": "nowhere. By the way, if I go and I look"}, {"start": "00:41:32", "end": "00:41:37", "text": "at um, we can look at the weekly on unis"}, {"start": "00:41:35", "end": "00:41:42", "text": "swap. Looks very nice. It broke out of"}, {"start": "00:41:37", "end": "00:41:43", "text": "this entire box, right? Boom. It's like,"}, {"start": "00:41:42", "end": "00:41:46", "text": "man, is Cardano going to do something"}, {"start": "00:41:43", "end": "00:41:50", "text": "like that? The thing that I think about"}, {"start": "00:41:46", "end": "00:41:54", "text": "is AVAC because look at Avac. It was"}, {"start": "00:41:50", "end": "00:41:56", "text": "essentially in Cardano territory until"}, {"start": "00:41:54", "end": "00:41:59", "text": "this previous week and then it exploded"}, {"start": "00:41:56", "end": "00:42:03", "text": "to the upside. had a very nice narrative"}, {"start": "00:41:59", "end": "00:42:05", "text": "with everything going on with like um"}, {"start": "00:42:03", "end": "00:42:08", "text": "you know institutions adopting it and"}, {"start": "00:42:05", "end": "00:42:11", "text": "testing testing on AVAC and stuff. Uh"}, {"start": "00:42:08", "end": "00:42:14", "text": "but with that being said, this is how"}, {"start": "00:42:11", "end": "00:42:16", "text": "crypto markets go. Something just breaks"}, {"start": "00:42:14", "end": "00:42:18", "text": "out and something else doesn't. People"}, {"start": "00:42:16", "end": "00:42:20", "text": "get very frustrated with that and they"}, {"start": "00:42:18", "end": "00:42:22", "text": "start chasing things. And I don't give"}, {"start": "00:42:20", "end": "00:42:24", "text": "financial advice, but I highly recommend"}, {"start": "00:42:22", "end": "00:42:26", "text": "you do not do that. But Cardono right"}, {"start": "00:42:24", "end": "00:42:29", "text": "now testing a really really nice area."}, {"start": "00:42:26", "end": "00:42:33", "text": "This higher high higher low structure is"}, {"start": "00:42:29", "end": "00:42:35", "text": "not bad at all everybody. I know"}, {"start": "00:42:33", "end": "00:42:36", "text": "sometimes some people want to look at"}, {"start": "00:42:35", "end": "00:42:38", "text": "this like man this looks terrible. We're"}, {"start": "00:42:36", "end": "00:42:40", "text": "going to break to the downside. But"}, {"start": "00:42:38", "end": "00:42:41", "text": "oftent times in the crypto space and"}, {"start": "00:42:40", "end": "00:42:43", "text": "we've seen this I think a lot on"}, {"start": "00:42:41", "end": "00:42:45", "text": "something like Bitcoin. These higher"}, {"start": "00:42:43", "end": "00:42:48", "text": "higher low moves are just a nice picture"}, {"start": "00:42:45", "end": "00:42:50", "text": "of momentum. But right now Cardano just"}, {"start": "00:42:48", "end": "00:42:52", "text": "testing this range. It would be very"}, {"start": "00:42:50", "end": "00:42:55", "text": "awesome to see Cardano make a break away"}, {"start": "00:42:52", "end": "00:42:58", "text": "from this range. In light of Cardano, I"}, {"start": "00:42:55", "end": "00:43:00", "text": "just want to mention uh Midnight, which"}, {"start": "00:42:58", "end": "00:43:02", "text": "is essentially for this cycle, it's my"}, {"start": "00:43:00", "end": "00:43:03", "text": "Cardano play. Many of you know, I've"}, {"start": "00:43:02", "end": "00:43:06", "text": "talked about it for I mean, I've been"}, {"start": "00:43:03", "end": "00:43:09", "text": "talking about for a long time now. My my"}, {"start": "00:43:06", "end": "00:43:12", "text": "allocation to things like SU and my"}, {"start": "00:43:09", "end": "00:43:16", "text": "allocation to things like dog. I'm going"}, {"start": "00:43:12", "end": "00:43:18", "text": "to cover dog charts in just a moment."}, {"start": "00:43:16", "end": "00:43:23", "text": "It's my high value play of the cycle."}, {"start": "00:43:18", "end": "00:43:26", "text": "But knight is my heavy Cardano play"}, {"start": "00:43:23", "end": "00:43:27", "text": "because I just think it's an asymmetric"}, {"start": "00:43:26", "end": "00:43:29", "text": "play"}, {"start": "00:43:27", "end": "00:43:31", "text": "when compared to something like Cardano."}, {"start": "00:43:29", "end": "00:43:34", "text": "And I think it's interesting that the"}, {"start": "00:43:31", "end": "00:43:38", "text": "structure and by the way I think I"}, {"start": "00:43:34", "end": "00:43:42", "text": "started tracking the this portfolio this"}, {"start": "00:43:38", "end": "00:43:44", "text": "basket of Cardano or I'm sorry dog and"}, {"start": "00:43:42", "end": "00:43:47", "text": "knight against Cardano towards the end"}, {"start": "00:43:44", "end": "00:43:51", "text": "of July. I actually have it here. this"}, {"start": "00:43:47", "end": "00:43:54", "text": "basket of mine, right? And the one thing"}, {"start": "00:43:51", "end": "00:43:56", "text": "that's underperforming against Cardano"}, {"start": "00:43:54", "end": "00:43:59", "text": "is Knight"}, {"start": "00:43:56", "end": "00:44:00", "text": "and this would be very interesting and"}, {"start": "00:43:59", "end": "00:44:03", "text": "this is since the end of July. This is"}, {"start": "00:44:00", "end": "00:44:05", "text": "this is this is where I based it on."}, {"start": "00:44:03", "end": "00:44:06", "text": "It's going to be interesting to see not"}, {"start": "00:44:05", "end": "00:44:08", "text": "only how the basket performs against"}, {"start": "00:44:06", "end": "00:44:13", "text": "Cardano to see if I made a good decision"}, {"start": "00:44:08", "end": "00:44:14", "text": "or not, but I'm I'm I'm"}, {"start": "00:44:13", "end": "00:44:17", "text": "very confident that Knight is going to"}, {"start": "00:44:14", "end": "00:44:19", "text": "insanely outperform Cardano this cycle."}, {"start": "00:44:17", "end": "00:44:21", "text": "But right now, so far it's not. And so"}, {"start": "00:44:19", "end": "00:44:23", "text": "I'm just sitting back watching and"}, {"start": "00:44:21", "end": "00:44:26", "text": "something like the night USD chart here"}, {"start": "00:44:23", "end": "00:44:27", "text": "is similar structure to Cardano, which"}, {"start": "00:44:26", "end": "00:44:30", "text": "is kind of cool. It's just higher highs,"}, {"start": "00:44:27", "end": "00:44:32", "text": "higher lows, and it's this trend line."}, {"start": "00:44:30", "end": "00:44:34", "text": "And I'm kind of like, is this trend line"}, {"start": "00:44:32", "end": "00:44:36", "text": "going to break? What makes Knight kind"}, {"start": "00:44:34", "end": "00:44:39", "text": "of um"}, {"start": "00:44:36", "end": "00:44:41", "text": "fun. Somebody's asking, uh, what app"}, {"start": "00:44:39", "end": "00:44:42", "text": "website are you using to view charts?"}, {"start": "00:44:41", "end": "00:44:44", "text": "Would love to try it out. This is"}, {"start": "00:44:42", "end": "00:44:46", "text": "Trading View. I actually have a link in"}, {"start": "00:44:44", "end": "00:44:48", "text": "the description below. Um, if this if"}, {"start": "00:44:46", "end": "00:44:50", "text": "these are the charts you're alluding to"}, {"start": "00:44:48", "end": "00:44:51", "text": "otherwise, if it's our risk models, I"}, {"start": "00:44:50", "end": "00:44:52", "text": "also I don't know if there's a link on"}, {"start": "00:44:51", "end": "00:44:55", "text": "the live stream, but in most of my"}, {"start": "00:44:52", "end": "00:44:57", "text": "videos, there's a link um to our"}, {"start": "00:44:55", "end": "00:44:58", "text": "intelligence system where you can get"}, {"start": "00:44:57", "end": "00:45:01", "text": "our risk models as well. We have a free"}, {"start": "00:44:58", "end": "00:45:04", "text": "trial going on. But going back tonight,"}, {"start": "00:45:01", "end": "00:45:05", "text": "the question will be as we hit this"}, {"start": "00:45:04", "end": "00:45:08", "text": "resistance of this upper trend line"}, {"start": "00:45:05", "end": "00:45:10", "text": "similar to ADA. We have the 200E moving"}, {"start": "00:45:08", "end": "00:45:14", "text": "a or 200 day moving average right here"}, {"start": "00:45:10", "end": "00:45:18", "text": "just above 3 cents. And what's so"}, {"start": "00:45:14", "end": "00:45:21", "text": "the spot that I'm really watching is is"}, {"start": "00:45:18", "end": "00:45:24", "text": "just this right here."}, {"start": "00:45:21", "end": "00:45:28", "text": "Just this entire line also just around 3"}, {"start": "00:45:24", "end": "00:45:29", "text": "cents. If if knight breaks three cents,"}, {"start": "00:45:28", "end": "00:45:31", "text": "I think that will be the moment where it"}, {"start": "00:45:29", "end": "00:45:35", "text": "really starts"}, {"start": "00:45:31", "end": "00:45:37", "text": "outperforming Cardano. Um, and the"}, {"start": "00:45:35", "end": "00:45:38", "text": "reason being is not only the technical"}, {"start": "00:45:37", "end": "00:45:41", "text": "indicators that we have here, but this"}, {"start": "00:45:38", "end": "00:45:44", "text": "this moment was when that that bridge"}, {"start": "00:45:41", "end": "00:45:45", "text": "got hacked. Midnight did not get hacked."}, {"start": "00:45:44", "end": "00:45:49", "text": "Bridge got hacked. So, Midnight got"}, {"start": "00:45:45", "end": "00:45:52", "text": "stolen and the scammer, the thief, they"}, {"start": "00:45:49", "end": "00:45:54", "text": "sold, right? And it just brought"}, {"start": "00:45:52", "end": "00:45:57", "text": "Midnight to this brand new range. And"}, {"start": "00:45:54", "end": "00:46:00", "text": "this is partly what really"}, {"start": "00:45:57", "end": "00:46:04", "text": "this opportunity is is what triggered me"}, {"start": "00:46:00", "end": "00:46:06", "text": "to be like, you know what,"}, {"start": "00:46:04", "end": "00:46:09", "text": "Midnight is my Cardano play. It's"}, {"start": "00:46:06", "end": "00:46:12", "text": "heavily attached to midn to Cardano, but"}, {"start": "00:46:09", "end": "00:46:15", "text": "it's it's driven by IOG and it has a"}, {"start": "00:46:12", "end": "00:46:20", "text": "privacy narrative. It is, I think,"}, {"start": "00:46:15", "end": "00:46:22", "text": "undervalued by a lot. And that is why"}, {"start": "00:46:20", "end": "00:46:23", "text": "this turned into my Cardano play and"}, {"start": "00:46:22", "end": "00:46:26", "text": "that's why I started at the end of July"}, {"start": "00:46:23", "end": "00:46:28", "text": "starting to track this um night and dog"}, {"start": "00:46:26", "end": "00:46:30", "text": "versus Cardano."}, {"start": "00:46:28", "end": "00:46:32", "text": "And I've been very transparent about"}, {"start": "00:46:30", "end": "00:46:34", "text": "that. But Knight is a very interesting"}, {"start": "00:46:32", "end": "00:46:35", "text": "chart for me and I'm just very much"}, {"start": "00:46:34", "end": "00:46:38", "text": "looking forward to seeing if it can"}, {"start": "00:46:35", "end": "00:46:41", "text": "break out and if it does, what does that"}, {"start": "00:46:38", "end": "00:46:43", "text": "velocity look like above 3 cents? Very"}, {"start": "00:46:41", "end": "00:46:47", "text": "curious of that."}, {"start": "00:46:43", "end": "00:46:47", "text": "So, um,"}, {"start": "00:46:48", "end": "00:46:52", "text": "let's see."}, {"start": "00:46:53", "end": "00:46:57", "text": "Caspa,"}, {"start": "00:46:55", "end": "00:47:01", "text": "just looking at Caspa. I think Casper"}, {"start": "00:46:57", "end": "00:47:01", "text": "recently had a nice little breakout."}, {"start": "00:47:03", "end": "00:47:06", "text": "This a good Here's a good example of"}, {"start": "00:47:04", "end": "00:47:07", "text": "kind of what we were just talking about."}, {"start": "00:47:06", "end": "00:47:10", "text": "I don't know if this is the best Casper"}, {"start": "00:47:07", "end": "00:47:13", "text": "chart. Can never find the right charts."}, {"start": "00:47:10", "end": "00:47:15", "text": "This is probably better. This is too I"}, {"start": "00:47:13", "end": "00:47:21", "text": "mean this is going back to 2023"}, {"start": "00:47:15", "end": "00:47:25", "text": "but Caspa up from August lows"}, {"start": "00:47:21", "end": "00:47:26", "text": "you know 66%. So actually if you're"}, {"start": "00:47:25", "end": "00:47:29", "text": "looking at this if you go to something"}, {"start": "00:47:26", "end": "00:47:33", "text": "like Cardano Cardano from uh previous"}, {"start": "00:47:29", "end": "00:47:37", "text": "lows in June also up I mean even a"}, {"start": "00:47:33", "end": "00:47:38", "text": "little bit more 76%. Caspa which the the"}, {"start": "00:47:37", "end": "00:47:41", "text": "community is absolutely insane by the"}, {"start": "00:47:38", "end": "00:47:43", "text": "way. Um, Caspa is actually still in this"}, {"start": "00:47:41", "end": "00:47:46", "text": "range that we've been in since January,"}, {"start": "00:47:43", "end": "00:47:51", "text": "all year long, January 2026."}, {"start": "00:47:46", "end": "00:47:54", "text": "So, we think about, my mind just goes to"}, {"start": "00:47:51", "end": "00:47:55", "text": "this thought of postquantitative"}, {"start": "00:47:54", "end": "00:47:57", "text": "tightening, right? Quantitative"}, {"start": "00:47:55", "end": "00:48:02", "text": "tightening dip. I talked about all year"}, {"start": "00:47:57", "end": "00:48:04", "text": "long. QT ended on December 2025. So,"}, {"start": "00:48:02", "end": "00:48:07", "text": "we're talking about like December 1st,"}, {"start": "00:48:04", "end": "00:48:09", "text": "right here. QT ended. We said wait for"}, {"start": "00:48:07", "end": "00:48:12", "text": "the QT dip, the normalization phase."}, {"start": "00:48:09", "end": "00:48:13", "text": "This has been I mean this is Casper many"}, {"start": "00:48:12", "end": "00:48:17", "text": "charts probably do this but this is just"}, {"start": "00:48:13", "end": "00:48:20", "text": "such a good example of why I've been so"}, {"start": "00:48:17", "end": "00:48:22", "text": "bullish. Look at this this range here"}, {"start": "00:48:20", "end": "00:48:26", "text": "postquantitative tightening"}, {"start": "00:48:22", "end": "00:48:30", "text": "normalization phase range."}, {"start": "00:48:26", "end": "00:48:34", "text": "It was a time to be bullish on Caspa. It"}, {"start": "00:48:30", "end": "00:48:37", "text": "was a time to be bullish on crypto. Not"}, {"start": "00:48:34", "end": "00:48:40", "text": "to not to be bearish amidst all the fear"}, {"start": "00:48:37", "end": "00:48:43", "text": "all year long. It was an accumulation"}, {"start": "00:48:40", "end": "00:48:45", "text": "opportunity time. This is all I've been"}, {"start": "00:48:43", "end": "00:48:48", "text": "talking about my videos."}, {"start": "00:48:45", "end": "00:48:51", "text": "So unpopular, so stressful. Honestly,"}, {"start": "00:48:48", "end": "00:48:53", "text": "ask my wife to create content like that."}, {"start": "00:48:51", "end": "00:48:55", "text": "It It really was the toughest out of"}, {"start": "00:48:53", "end": "00:48:58", "text": "eight years of content in crypto was the"}, {"start": "00:48:55", "end": "00:49:00", "text": "toughest time to create content. But I"}, {"start": "00:48:58", "end": "00:49:03", "text": "wanted to stick to what I was seeing"}, {"start": "00:49:00", "end": "00:49:06", "text": "because that is opportunity and it's"}, {"start": "00:49:03", "end": "00:49:08", "text": "it's using macroeconomic data and"}, {"start": "00:49:06", "end": "00:49:11", "text": "reality"}, {"start": "00:49:08", "end": "00:49:13", "text": "to paint the picture. So Caspo was in"}, {"start": "00:49:11", "end": "00:49:16", "text": "its normalization, postQT normalization."}, {"start": "00:49:13", "end": "00:49:20", "text": "It's an it's it it sounds so boring and"}, {"start": "00:49:16", "end": "00:49:22", "text": "like I don't know"}, {"start": "00:49:20", "end": "00:49:24", "text": "postquantitative tightening quantit why"}, {"start": "00:49:22", "end": "00:49:29", "text": "does this matter when liquidity is being"}, {"start": "00:49:24", "end": "00:49:32", "text": "extracted right via the Fed and we're"}, {"start": "00:49:29", "end": "00:49:37", "text": "getting economic contraction crypto"}, {"start": "00:49:32", "end": "00:49:40", "text": "hates that risk on hates it but if it's"}, {"start": "00:49:37", "end": "00:49:42", "text": "if if risk on like crypto like Caspa is"}, {"start": "00:49:40", "end": "00:49:44", "text": "reacting negatively which it which it"}, {"start": "00:49:42", "end": "00:49:47", "text": "has been clearly"}, {"start": "00:49:44", "end": "00:49:50", "text": "it. For a contrarian person, for a macro"}, {"start": "00:49:47", "end": "00:49:52", "text": "value investor in the crypto space, that"}, {"start": "00:49:50", "end": "00:49:54", "text": "is literally everything. That's where"}, {"start": "00:49:52", "end": "00:49:56", "text": "the money is made, everybody. This is"}, {"start": "00:49:54", "end": "00:49:58", "text": "all I've been saying. This is where the"}, {"start": "00:49:56", "end": "00:49:59", "text": "money is made. It looks like that's No,"}, {"start": "00:49:58", "end": "00:50:01", "text": "that's not where the money is made."}, {"start": "00:49:59", "end": "00:50:03", "text": "That's where you're losing. That's where"}, {"start": "00:50:01", "end": "00:50:05", "text": "crypto's failing. That's what it looks"}, {"start": "00:50:03", "end": "00:50:07", "text": "like. But this is where the money's"}, {"start": "00:50:05", "end": "00:50:09", "text": "made. Anybody that was out there, and"}, {"start": "00:50:07", "end": "00:50:11", "text": "you might be out there in the chat, you"}, {"start": "00:50:09", "end": "00:50:14", "text": "were accumulating crypto. you are"}, {"start": "00:50:11", "end": "00:50:16", "text": "accumulating CASPA. Anybody that's doing"}, {"start": "00:50:14", "end": "00:50:18", "text": "that, that's where the money's made. And"}, {"start": "00:50:16", "end": "00:50:20", "text": "I'm not saying you made the money yet,"}, {"start": "00:50:18", "end": "00:50:21", "text": "but if we enter a bull market right now"}, {"start": "00:50:20", "end": "00:50:23", "text": "and maybe you want to take some profits"}, {"start": "00:50:21", "end": "00:50:25", "text": "here, you're you're back here not even"}, {"start": "00:50:23", "end": "00:50:27", "text": "that long ago in August accumulating"}, {"start": "00:50:25", "end": "00:50:29", "text": "just below 3 cents and we're just above"}, {"start": "00:50:27", "end": "00:50:32", "text": "4 cents now. If you want to trim some"}, {"start": "00:50:29", "end": "00:50:34", "text": "off, that's fine, right? But"}, {"start": "00:50:32", "end": "00:50:35", "text": "that's where that's where the"}, {"start": "00:50:34", "end": "00:50:39", "text": "opportunity is. This is where the money"}, {"start": "00:50:35", "end": "00:50:41", "text": "is made. And so"}, {"start": "00:50:39", "end": "00:50:45", "text": "I'm just going to leave that there. I'm"}, {"start": "00:50:41", "end": "00:50:45", "text": "just gonna say that."}, {"start": "00:50:50", "end": "00:50:53", "text": "Forget about him to do the lower caps."}, {"start": "00:50:52", "end": "00:50:58", "text": "These guys don't. It depends how low"}, {"start": "00:50:53", "end": "00:51:01", "text": "cap. Like it really does. My everybody"}, {"start": "00:50:58", "end": "00:51:03", "text": "I'm very clear about my top hold is dog"}, {"start": "00:51:01", "end": "00:51:05", "text": "on Bitcoin. It's 100 million. It's like"}, {"start": "00:51:03", "end": "00:51:08", "text": "$100 million."}, {"start": "00:51:05", "end": "00:51:11", "text": "And so that's kind of a fine line for"}, {"start": "00:51:08", "end": "00:51:13", "text": "me. I would say $100 million, but um"}, {"start": "00:51:11", "end": "00:51:17", "text": "I've been just accumulating this thing"}, {"start": "00:51:13", "end": "00:51:19", "text": "for I mean for years because I have a"}, {"start": "00:51:17", "end": "00:51:21", "text": "very contrarian view. This is the"}, {"start": "00:51:19", "end": "00:51:22", "text": "highest value play that I have and it"}, {"start": "00:51:21", "end": "00:51:27", "text": "sounds crazy because people think it's"}, {"start": "00:51:22", "end": "00:51:28", "text": "just a memecoin. It's on Bitcoin. Um but"}, {"start": "00:51:27", "end": "00:51:30", "text": "this is what the chart looks like right"}, {"start": "00:51:28", "end": "00:51:33", "text": "now on the weekly. So I'll I'll cover"}, {"start": "00:51:30", "end": "00:51:34", "text": "some dog right now. I I don't know the"}, {"start": "00:51:33", "end": "00:51:37", "text": "comment. I don't know what they were"}, {"start": "00:51:34", "end": "00:51:41", "text": "what they were alluding to in terms of"}, {"start": "00:51:37", "end": "00:51:47", "text": "low caps. Kind of curious, but"}, {"start": "00:51:41", "end": "00:51:47", "text": "I definitely cover some lower caps."}, {"start": "00:51:50", "end": "00:51:57", "text": "This is dog. So, and I have a buddy that"}, {"start": "00:51:54", "end": "00:52:00", "text": "has been kind of waiting to get into dog"}, {"start": "00:51:57", "end": "00:52:03", "text": "based on these these areas down here."}, {"start": "00:52:00", "end": "00:52:05", "text": "And it's just like"}, {"start": "00:52:03", "end": "00:52:09", "text": "gravity is not working here. But dog has"}, {"start": "00:52:05", "end": "00:52:12", "text": "been up since lows at one moment almost"}, {"start": "00:52:09", "end": "00:52:13", "text": "200%. That wick on the weekly there kind"}, {"start": "00:52:12", "end": "00:52:18", "text": "of came back down. So currently it's up"}, {"start": "00:52:13", "end": "00:52:21", "text": "around 118% from Lowe's. Um this is this"}, {"start": "00:52:18", "end": "00:52:23", "text": "move in in my opinion this is nothing"}, {"start": "00:52:21", "end": "00:52:25", "text": "compared to the move for dog and the"}, {"start": "00:52:23", "end": "00:52:27", "text": "upside for dog. You think about what"}, {"start": "00:52:25", "end": "00:52:29", "text": "these meme coins on other chains have"}, {"start": "00:52:27", "end": "00:52:31", "text": "done everybody. the memecoin of"}, {"start": "00:52:29", "end": "00:52:35", "text": "Ethereum, right? You think about meme"}, {"start": "00:52:31", "end": "00:52:39", "text": "coins like Pepe and you know"}, {"start": "00:52:35", "end": "00:52:43", "text": "all these meme coins and then you have a"}, {"start": "00:52:39", "end": "00:52:45", "text": "completely decentralized secure free"}, {"start": "00:52:43", "end": "00:52:46", "text": "and fair"}, {"start": "00:52:45", "end": "00:52:48", "text": "airdrop"}, {"start": "00:52:46", "end": "00:52:51", "text": "beamcoin"}, {"start": "00:52:48", "end": "00:52:53", "text": "and it's on Bitcoin. It's on the chain."}, {"start": "00:52:51", "end": "00:52:54", "text": "These other ones went to tens of"}, {"start": "00:52:53", "end": "00:52:57", "text": "billions of dollars basically like like"}, {"start": "00:52:54", "end": "00:52:59", "text": "dog like Doge tens of billions like 80"}, {"start": "00:52:57", "end": "00:53:03", "text": "some billion dollars all the way up here"}, {"start": "00:52:59", "end": "00:53:05", "text": "on this chart all the way up here on"}, {"start": "00:53:03", "end": "00:53:08", "text": "this chart. I'm not even suggesting the"}, {"start": "00:53:05", "end": "00:53:10", "text": "dog goes there. But you're telling me"}, {"start": "00:53:08", "end": "00:53:11", "text": "the the memecoin of Bitcoin as we have"}, {"start": "00:53:10", "end": "00:53:13", "text": "memecoin culture is getting bigger every"}, {"start": "00:53:11", "end": "00:53:16", "text": "cycle. It's not going anywhere"}, {"start": "00:53:13", "end": "00:53:18", "text": "everybody. Memecoin on Bitcoin is"}, {"start": "00:53:16", "end": "00:53:21", "text": "sitting at 100 million. It's still"}, {"start": "00:53:18", "end": "00:53:23", "text": "unbelievable to me that it's just it's"}, {"start": "00:53:21", "end": "00:53:25", "text": "just a crazy value play and that's why"}, {"start": "00:53:23", "end": "00:53:27", "text": "it's my it's my number one altcoin hold."}, {"start": "00:53:25", "end": "00:53:30", "text": "It sounds crazy. It sounds crazy as I"}, {"start": "00:53:27", "end": "00:53:33", "text": "say that because that's not like I"}, {"start": "00:53:30", "end": "00:53:36", "text": "didn't enter crypto space for memecoins."}, {"start": "00:53:33", "end": "00:53:38", "text": "It's not a memecoin to me at all. It's"}, {"start": "00:53:36", "end": "00:53:41", "text": "just not. And not not only is it"}, {"start": "00:53:38", "end": "00:53:43", "text": "bringing culture to Bitcoin, but the"}, {"start": "00:53:41", "end": "00:53:45", "text": "amount of transactional volume and"}, {"start": "00:53:43", "end": "00:53:48", "text": "everything that Ruins and Dog is doing"}, {"start": "00:53:45", "end": "00:53:52", "text": "on Bitcoin, it's headline news for"}, {"start": "00:53:48", "end": "00:53:54", "text": "Bitcoin. And so this is this this is"}, {"start": "00:53:52", "end": "00:53:57", "text": "something that is a mechanism that is"}, {"start": "00:53:54", "end": "00:53:59", "text": "helping secure and decentralize Bitcoin."}, {"start": "00:53:57", "end": "00:54:03", "text": "It's crazy. And it's only a matter of"}, {"start": "00:53:59", "end": "00:54:05", "text": "time in my opinion before big value"}, {"start": "00:54:03", "end": "00:54:07", "text": "investors also realize this. And I'm"}, {"start": "00:54:05", "end": "00:54:11", "text": "talking about institutional adoption. I"}, {"start": "00:54:07", "end": "00:54:11", "text": "really am."}, {"start": "00:54:13", "end": "00:54:18", "text": "So that is dog. So So long story short,"}, {"start": "00:54:16", "end": "00:54:20", "text": "you can just see um if we go to the"}, {"start": "00:54:18", "end": "00:54:22", "text": "daily chart, what I was watching,"}, {"start": "00:54:20", "end": "00:54:24", "text": "especially going into the Fed, the Fed"}, {"start": "00:54:22", "end": "00:54:26", "text": "announcement and everything was the"}, {"start": "00:54:24", "end": "00:54:28", "text": "potential and it's still very much in"}, {"start": "00:54:26", "end": "00:54:29", "text": "play. So I'd be very careful with all"}, {"start": "00:54:28", "end": "00:54:31", "text": "coins and crypto in general right now"}, {"start": "00:54:29", "end": "00:54:33", "text": "for more consolidation if we don't break"}, {"start": "00:54:31", "end": "00:54:36", "text": "ranges on some of these coins. But you"}, {"start": "00:54:33", "end": "00:54:39", "text": "can just see dog came down and tapped"}, {"start": "00:54:36", "end": "00:54:41", "text": "this range and I believe that box is"}, {"start": "00:54:39", "end": "00:54:44", "text": "like a higher low Fibonacci that I might"}, {"start": "00:54:41", "end": "00:54:48", "text": "have charted. Yeah, basically this"}, {"start": "00:54:44", "end": "00:54:52", "text": "higher low Fibonacci um the 618 to 786,"}, {"start": "00:54:48", "end": "00:54:54", "text": "this first green box. It tapped the 786"}, {"start": "00:54:52", "end": "00:54:57", "text": "line. I thought at the very least it"}, {"start": "00:54:54", "end": "00:55:00", "text": "would go deeper into that range right"}, {"start": "00:54:57", "end": "00:55:05", "text": "between this 50 and the 200 day moving"}, {"start": "00:55:00", "end": "00:55:07", "text": "average and it just didn't um it really"}, {"start": "00:55:05", "end": "00:55:10", "text": "didn't. I think Fed the Fed announcement"}, {"start": "00:55:07", "end": "00:55:12", "text": "uh of rates the Fed hike came out and"}, {"start": "00:55:10", "end": "00:55:15", "text": "all of a sudden dog actually started"}, {"start": "00:55:12", "end": "00:55:18", "text": "moving. Crypto obviously started moving"}, {"start": "00:55:15", "end": "00:55:20", "text": "and we bounced off of that 618 line."}, {"start": "00:55:18", "end": "00:55:24", "text": "With that being said, it is a it's a"}, {"start": "00:55:20", "end": "00:55:26", "text": "lower high right now. And if this fails"}, {"start": "00:55:24", "end": "00:55:29", "text": "to break, we could actually see us"}, {"start": "00:55:26", "end": "00:55:30", "text": "actually retrace into the range. Um, and"}, {"start": "00:55:29", "end": "00:55:32", "text": "there could be a very very nice dip for"}, {"start": "00:55:30", "end": "00:55:34", "text": "something like dog back below 100"}, {"start": "00:55:32", "end": "00:55:35", "text": "million market cap. I don't like saying"}, {"start": "00:55:34", "end": "00:55:37", "text": "it because I would love to just see it"}, {"start": "00:55:35", "end": "00:55:40", "text": "escape at all, but it's very much in"}, {"start": "00:55:37", "end": "00:55:45", "text": "play. Um, and if we even look at this,"}, {"start": "00:55:40", "end": "00:55:49", "text": "because we have swing high to swing low,"}, {"start": "00:55:45", "end": "00:55:56", "text": "I would say if dog can manage to make a"}, {"start": "00:55:49", "end": "00:55:59", "text": "move to this box at this Fibonacci range"}, {"start": "00:55:56", "end": "00:56:02", "text": "right here. This would be a good test to"}, {"start": "00:55:59", "end": "00:56:03", "text": "see what dog is capable of on the"}, {"start": "00:56:02", "end": "00:56:06", "text": "shorter term. So, we're talking about"}, {"start": "00:56:03", "end": "00:56:08", "text": "like a 10 to 20% move. Uh if dog can"}, {"start": "00:56:06", "end": "00:56:10", "text": "make that, is it getting resistance or"}, {"start": "00:56:08", "end": "00:56:12", "text": "is it actually starting to break into"}, {"start": "00:56:10", "end": "00:56:15", "text": "higher higher uh higher higher low"}, {"start": "00:56:12", "end": "00:56:16", "text": "territory because then we got we got"}, {"start": "00:56:15", "end": "00:56:19", "text": "something entirely different on our"}, {"start": "00:56:16", "end": "00:56:22", "text": "hands and that is continuation"}, {"start": "00:56:19", "end": "00:56:25", "text": "uh for dog."}, {"start": "00:56:22", "end": "00:56:27", "text": "So"}, {"start": "00:56:25", "end": "00:56:29", "text": "INJ"}, {"start": "00:56:27", "end": "00:56:33", "text": "objective I have see somebody in the"}, {"start": "00:56:29", "end": "00:56:37", "text": "comment asking about it."}, {"start": "00:56:33", "end": "00:56:38", "text": "Dog go to the moon. That's right, baby."}, {"start": "00:56:37", "end": "00:56:39", "text": "By the way, if you're out there, if"}, {"start": "00:56:38", "end": "00:56:41", "text": "you're in the live stream, please hit"}, {"start": "00:56:39", "end": "00:56:44", "text": "that like. Helps helps me, helps the"}, {"start": "00:56:41", "end": "00:56:45", "text": "channel. Um, and I appreciate it. If"}, {"start": "00:56:44", "end": "00:56:47", "text": "you're not a subscriber, subscribe,"}, {"start": "00:56:45", "end": "00:56:50", "text": "everybody. We are bringing we are"}, {"start": "00:56:47", "end": "00:56:53", "text": "bringing business cycle, crypto, macro"}, {"start": "00:56:50", "end": "00:56:55", "text": "cycle data to you. And it is"}, {"start": "00:56:53", "end": "00:56:56", "text": "unemotional."}, {"start": "00:56:55", "end": "00:56:59", "text": "And if you're trying to figure out how"}, {"start": "00:56:56", "end": "00:57:02", "text": "to navigate the cycle to actually make"}, {"start": "00:56:59", "end": "00:57:04", "text": "money, take profits,"}, {"start": "00:57:02", "end": "00:57:07", "text": "subscribe."}, {"start": "00:57:04", "end": "00:57:09", "text": "Um,"}, {"start": "00:57:07", "end": "00:57:12", "text": "objective. Now, injective I don't think"}, {"start": "00:57:09", "end": "00:57:14", "text": "we have a model for, but let's check."}, {"start": "00:57:12", "end": "00:57:16", "text": "Yeah, we don't. We don't have a race"}, {"start": "00:57:14", "end": "00:57:18", "text": "model for Injective. Something tells me"}, {"start": "00:57:16", "end": "00:57:22", "text": "it's going to be probably highly"}, {"start": "00:57:18", "end": "00:57:25", "text": "requested soon. Um, and I'll talk to"}, {"start": "00:57:22", "end": "00:57:28", "text": "Axel and Aleandro as we start getting"}, {"start": "00:57:25", "end": "00:57:30", "text": "requests in our intelligence system. But"}, {"start": "00:57:28", "end": "00:57:33", "text": "right now,"}, {"start": "00:57:30", "end": "00:57:35", "text": "start on the I'm going to start on the"}, {"start": "00:57:33", "end": "00:57:39", "text": "monthly."}, {"start": "00:57:35", "end": "00:57:39", "text": "Just kind of curious"}, {"start": "00:57:41", "end": "00:57:48", "text": "when I look at something like this even."}, {"start": "00:57:44", "end": "00:57:49", "text": "Um, it's just kind of like"}, {"start": "00:57:48", "end": "00:57:52", "text": "and this is actually this is a monthly."}, {"start": "00:57:49", "end": "00:57:55", "text": "So, it's going back to 20 October 2020,"}, {"start": "00:57:52", "end": "00:57:57", "text": "November 2020. You remember all that"}, {"start": "00:57:55", "end": "00:58:01", "text": "range? There's a bull market back here."}, {"start": "00:57:57", "end": "00:58:05", "text": "Here is a very interesting a very unique"}, {"start": "00:58:01", "end": "00:58:07", "text": "chart in the 2024 move. It broke"}, {"start": "00:58:05", "end": "00:58:09", "text": "all-time highs. Very unique in terms of"}, {"start": "00:58:07", "end": "00:58:12", "text": "altcoins. So we have two we have we have"}, {"start": "00:58:09", "end": "00:58:14", "text": "like these two highs macro highs and"}, {"start": "00:58:12", "end": "00:58:16", "text": "injective kind of still in this this"}, {"start": "00:58:14", "end": "00:58:19", "text": "range right."}, {"start": "00:58:16", "end": "00:58:22", "text": "So if we have actually right now the"}, {"start": "00:58:19", "end": "00:58:24", "text": "beginning of a '9s style economic"}, {"start": "00:58:22", "end": "00:58:25", "text": "expansion if it happens this is not a"}, {"start": "00:58:24", "end": "00:58:28", "text": "guarantee everybody that's part of my"}, {"start": "00:58:25", "end": "00:58:31", "text": "thesis that that very much in play this"}, {"start": "00:58:28", "end": "00:58:35", "text": "chart injective I mean I don't know I I"}, {"start": "00:58:31", "end": "00:58:37", "text": "I don't know again this is similar to"}, {"start": "00:58:35", "end": "00:58:39", "text": "one we covered a little bit earlier ICP"}, {"start": "00:58:37", "end": "00:58:41", "text": "in terms of tok I'd like to understand"}, {"start": "00:58:39", "end": "00:58:44", "text": "tokconomics and stuff before I start"}, {"start": "00:58:41", "end": "00:58:49", "text": "throwing out valuations but um at the"}, {"start": "00:58:44", "end": "00:58:52", "text": "very least I mean a 10x towards 100"}, {"start": "00:58:49", "end": "00:58:55", "text": "seems incredibly in play for this chart."}, {"start": "00:58:52", "end": "00:58:57", "text": "Even from its very simple technical"}, {"start": "00:58:55", "end": "00:59:00", "text": "analysis perspective, structure here is"}, {"start": "00:58:57", "end": "00:59:02", "text": "crazy on the macro. Really don't get"}, {"start": "00:59:00", "end": "00:59:05", "text": "this often on a lot of these charts."}, {"start": "00:59:02", "end": "00:59:10", "text": "This is a monthly by the way. Um but"}, {"start": "00:59:05", "end": "00:59:15", "text": "look at that higher high for injective."}, {"start": "00:59:10", "end": "00:59:18", "text": "Boom. Fibonacci swing high to swing low."}, {"start": "00:59:15", "end": "00:59:21", "text": "We have a 1618 right here around 76."}, {"start": "00:59:18", "end": "00:59:26", "text": "So 76"}, {"start": "00:59:21", "end": "00:59:30", "text": "uh $76 would be a 7 to 800% gains."}, {"start": "00:59:26", "end": "00:59:32", "text": "Um, and to be very real,"}, {"start": "00:59:30", "end": "00:59:35", "text": "uh, the market cap, what's the market"}, {"start": "00:59:32", "end": "00:59:35", "text": "cap?"}, {"start": "00:59:36", "end": "00:59:43", "text": "Doesn't, um, I thought Trading View has"}, {"start": "00:59:39", "end": "00:59:43", "text": "a market cap over here."}, {"start": "00:59:46", "end": "00:59:49", "text": "Crazy."}, {"start": "00:59:49", "end": "00:59:56", "text": "Maybe I'm missing it."}, {"start": "00:59:51", "end": "00:59:59", "text": "But either way, lot of upside for um"}, {"start": "00:59:56", "end": "01:00:01", "text": "for Injective. But again, remember the"}, {"start": "00:59:59", "end": "01:00:02", "text": "basis of all of this. Even in a bull"}, {"start": "01:00:01", "end": "01:00:04", "text": "market, even if we go into a 12-month"}, {"start": "01:00:02", "end": "01:00:07", "text": "bull run, everybody be prepared for red"}, {"start": "01:00:04", "end": "01:00:09", "text": "months, be be prepared for 30, 40% dips."}, {"start": "01:00:07", "end": "01:00:11", "text": "And not only be mentally prepared, but"}, {"start": "01:00:09", "end": "01:00:14", "text": "be prepared with a plan. Like this is"}, {"start": "01:00:11", "end": "01:00:18", "text": "why scaling out, taking profits, this is"}, {"start": "01:00:14", "end": "01:00:20", "text": "everything, everybody. This cycle,"}, {"start": "01:00:18", "end": "01:00:23", "text": "everything."}, {"start": "01:00:20", "end": "01:00:25", "text": "If there's anything to think about, it's"}, {"start": "01:00:23", "end": "01:00:27", "text": "that. At least for me, I'm just echoing"}, {"start": "01:00:25", "end": "01:00:30", "text": "what's in my mind. This is like all I"}, {"start": "01:00:27", "end": "01:00:31", "text": "think about. And there I tell my buddy,"}, {"start": "01:00:30", "end": "01:00:33", "text": "we we joke about a lot, dude. We're"}, {"start": "01:00:31", "end": "01:00:35", "text": "we're going to sell so early this cycle."}, {"start": "01:00:33", "end": "01:00:39", "text": "We're just going to sell so early. I'm"}, {"start": "01:00:35", "end": "01:00:40", "text": "probably going to sell so early. And"}, {"start": "01:00:39", "end": "01:00:43", "text": "that's just a decision that we all have"}, {"start": "01:00:40", "end": "01:00:45", "text": "to balance and figure out along the way."}, {"start": "01:00:43", "end": "01:00:48", "text": "So the question is, and this is really"}, {"start": "01:00:45", "end": "01:00:50", "text": "the the model of it, say Injective does"}, {"start": "01:00:48", "end": "01:00:52", "text": "go to 100, right? It could it could go"}, {"start": "01:00:50", "end": "01:00:53", "text": "higher. By the way, again, I don't I"}, {"start": "01:00:52", "end": "01:00:55", "text": "don't want to speculate because I don't"}, {"start": "01:00:53", "end": "01:00:56", "text": "understand tokconomics. I even at this"}, {"start": "01:00:55", "end": "01:00:57", "text": "moment, I don't even know what the"}, {"start": "01:00:56", "end": "01:01:00", "text": "market cap is. That would be actually"}, {"start": "01:00:57", "end": "01:01:03", "text": "helpful. If if somebody's out there,"}, {"start": "01:01:00", "end": "01:01:05", "text": "what's the market cap of Injective? But"}, {"start": "01:01:03", "end": "01:01:09", "text": "say we get this this scenario playing"}, {"start": "01:01:05", "end": "01:01:11", "text": "out like it's a very good idea to just"}, {"start": "01:01:09", "end": "01:01:13", "text": "scale out at comfortable levels. It"}, {"start": "01:01:11", "end": "01:01:17", "text": "completely depends how how much you have"}, {"start": "01:01:13", "end": "01:01:22", "text": "of this of this project. Um and then"}, {"start": "01:01:17", "end": "01:01:24", "text": "also considering in the mix um"}, {"start": "01:01:22", "end": "01:01:28", "text": "narratives"}, {"start": "01:01:24", "end": "01:01:29", "text": "uh they're saying objectives going for"}, {"start": "01:01:28", "end": "01:01:35", "text": "ETF"}, {"start": "01:01:29", "end": "01:01:35", "text": "and coming soon always a good narrative."}, {"start": "01:01:40", "end": "01:01:44", "text": "Um I did cover ADA. This would be very"}, {"start": "01:01:42", "end": "01:01:46", "text": "helpful for replay viewers, but I I"}, {"start": "01:01:44", "end": "01:01:48", "text": "covered ADA right now at a breakout"}, {"start": "01:01:46", "end": "01:01:51", "text": "moment. It would be awesome. And it's"}, {"start": "01:01:48", "end": "01:01:53", "text": "not just ADA, right? ADA's 76% from all"}, {"start": "01:01:51", "end": "01:01:56", "text": "from from Lowe's. We did Caspa. It's"}, {"start": "01:01:53", "end": "01:01:58", "text": "very similar, even less, like 60ome"}, {"start": "01:01:56", "end": "01:02:00", "text": "percent from lows. Up hasn't broken out"}, {"start": "01:01:58", "end": "01:02:02", "text": "of its range. There's altcoins that"}, {"start": "01:02:00", "end": "01:02:04", "text": "haven't broken out of range. Welcome to"}, {"start": "01:02:02", "end": "01:02:05", "text": "every single cycle, everybody. So, right"}, {"start": "01:02:04", "end": "01:02:07", "text": "now, you'll have people like, it's a"}, {"start": "01:02:05", "end": "01:02:10", "text": "nice move on Caspa, but it's like, dude,"}, {"start": "01:02:07", "end": "01:02:14", "text": "Casper's dead. Casper's dead this cycle."}, {"start": "01:02:10", "end": "01:02:18", "text": "Avac is the winner, you know."}, {"start": "01:02:14", "end": "01:02:21", "text": "Um, dude, Caspa's dead. Cardano is dead."}, {"start": "01:02:18", "end": "01:02:23", "text": "A, it's Avac, it's Uniswap. They're the"}, {"start": "01:02:21", "end": "01:02:26", "text": "winners. And then what happens is people"}, {"start": "01:02:23", "end": "01:02:28", "text": "sell other coins that haven't made this"}, {"start": "01:02:26", "end": "01:02:30", "text": "massive move. They go buy this move. And"}, {"start": "01:02:28", "end": "01:02:32", "text": "then this move is finally ready to"}, {"start": "01:02:30", "end": "01:02:35", "text": "consolidate. And then Caspa actually"}, {"start": "01:02:32", "end": "01:02:37", "text": "breaks out of its macro range lows,"}, {"start": "01:02:35", "end": "01:02:40", "text": "right? Actually does it. And people are"}, {"start": "01:02:37", "end": "01:02:44", "text": "just like, why' I do that? And I'm"}, {"start": "01:02:40", "end": "01:02:47", "text": "telling you so vividly from I when I got"}, {"start": "01:02:44", "end": "01:02:50", "text": "into crypto like heavily in 2017 I"}, {"start": "01:02:47", "end": "01:02:52", "text": "started you know our recruiting firm was"}, {"start": "01:02:50", "end": "01:02:54", "text": "just like crypto startups I started just"}, {"start": "01:02:52", "end": "01:02:56", "text": "accumulating we had the bull run during"}, {"start": "01:02:54", "end": "01:02:58", "text": "that time I remember just sitting I"}, {"start": "01:02:56", "end": "01:03:01", "text": "think in a coffee shop and I was like in"}, {"start": "01:02:58", "end": "01:03:02", "text": "XRP I think and Digubyte if you if you"}, {"start": "01:03:01", "end": "01:03:05", "text": "remember Digubyte which is still around"}, {"start": "01:03:02", "end": "01:03:06", "text": "by the way and I think I think I was in"}, {"start": "01:03:05", "end": "01:03:10", "text": "Digabyte I was like dude Digubyte I'm"}, {"start": "01:03:06", "end": "01:03:12", "text": "all about it and it was doing nothing"}, {"start": "01:03:10", "end": "01:03:14", "text": "and I I was like I'm going to do chase"}, {"start": "01:03:12", "end": "01:03:16", "text": "other stuff and I think finally digit"}, {"start": "01:03:14", "end": "01:03:18", "text": "exploded. That was literally the it was"}, {"start": "01:03:16", "end": "01:03:20", "text": "like almost 10 years ago I learned this"}, {"start": "01:03:18", "end": "01:03:25", "text": "lesson."}, {"start": "01:03:20", "end": "01:03:26", "text": "Do not chase plays. Do not chase plays"}, {"start": "01:03:25", "end": "01:03:29", "text": "everybody."}, {"start": "01:03:26", "end": "01:03:33", "text": "Um just don't do it. And and this"}, {"start": "01:03:29", "end": "01:03:36", "text": "applies to everything. I reallocated my"}, {"start": "01:03:33", "end": "01:03:38", "text": "Cardano in when everything was in range"}, {"start": "01:03:36", "end": "01:03:40", "text": "lows because it's a time for tax loss."}, {"start": "01:03:38", "end": "01:03:42", "text": "Harvesting I've talked about and it's"}, {"start": "01:03:40", "end": "01:03:44", "text": "just the time where it's just like it"}, {"start": "01:03:42", "end": "01:03:46", "text": "doesn't matter. Everything's down 80% or"}, {"start": "01:03:44", "end": "01:03:48", "text": "90%. It doesn't matter what you're in."}, {"start": "01:03:46", "end": "01:03:51", "text": "What matters is the ones you're in, you"}, {"start": "01:03:48", "end": "01:03:54", "text": "understand the thesis behind it. So, for"}, {"start": "01:03:51", "end": "01:03:57", "text": "me, it's been SWU accumulation, and it's"}, {"start": "01:03:54", "end": "01:03:59", "text": "been um dog accumulation, and it's been"}, {"start": "01:03:57", "end": "01:04:01", "text": "midnight accumulation, which is which is"}, {"start": "01:03:59", "end": "01:04:03", "text": "still like in my Cardano basket. It's"}, {"start": "01:04:01", "end": "01:04:06", "text": "like my Cardano play with just more"}, {"start": "01:04:03", "end": "01:04:08", "text": "upside. That's why I did it. And so,"}, {"start": "01:04:06", "end": "01:04:10", "text": "with that being said, Cardano is"}, {"start": "01:04:08", "end": "01:04:12", "text": "Cardano. And so, when we're looking at"}, {"start": "01:04:10", "end": "01:04:15", "text": "this chart, there's going to be people"}, {"start": "01:04:12", "end": "01:04:18", "text": "that are like, uh, AVAC, I should have"}, {"start": "01:04:15", "end": "01:04:20", "text": "done it. And maybe they're going to get"}, {"start": "01:04:18", "end": "01:04:21", "text": "rid of their Cardano, go buy a Cardano"}, {"start": "01:04:20", "end": "01:04:23", "text": "explodes."}, {"start": "01:04:21", "end": "01:04:25", "text": "Do not underestimate Cardano, everybody."}, {"start": "01:04:23", "end": "01:04:28", "text": "Cardano is in a structured range along"}, {"start": "01:04:25", "end": "01:04:31", "text": "with so many different coins. Here's"}, {"start": "01:04:28", "end": "01:04:33", "text": "Caspa. And these things, I think, are"}, {"start": "01:04:31", "end": "01:04:35", "text": "going to do well. I think these things"}, {"start": "01:04:33", "end": "01:04:37", "text": "are going to break out, surprise"}, {"start": "01:04:35", "end": "01:04:39", "text": "everybody. And Cardano, if you know the"}, {"start": "01:04:37", "end": "01:04:41", "text": "story of Cardano, that's what Cardano"}, {"start": "01:04:39", "end": "01:04:42", "text": "does. It just blows everybody's mind"}, {"start": "01:04:41", "end": "01:04:46", "text": "because everybody thinks it's done and"}, {"start": "01:04:42", "end": "01:04:49", "text": "then all a sudden it's not. Um, so"}, {"start": "01:04:46", "end": "01:04:51", "text": "that's Cardono. And if we're looking"}, {"start": "01:04:49", "end": "01:04:54", "text": "we're looking at Cardano, I would say"}, {"start": "01:04:51", "end": "01:04:57", "text": "Cardano could have a very nice move and"}, {"start": "01:04:54", "end": "01:04:59", "text": "I would not be at all surprised by it to"}, {"start": "01:04:57", "end": "01:05:02", "text": "around close to 40%. And we're talking"}, {"start": "01:04:59", "end": "01:05:04", "text": "about boom 60some percent to the upside,"}, {"start": "01:05:02", "end": "01:05:07", "text": "right? And if we think about that in"}, {"start": "01:05:04", "end": "01:05:09", "text": "context to Cardano's lows, that's almost"}, {"start": "01:05:07", "end": "01:05:13", "text": "200% from the lows. And this could"}, {"start": "01:05:09", "end": "01:05:15", "text": "happen quite fast, by the way. And so"}, {"start": "01:05:13", "end": "01:05:17", "text": "that would be a kind of a next target"}, {"start": "01:05:15", "end": "01:05:22", "text": "for me if if we get this breakout from"}, {"start": "01:05:17", "end": "01:05:24", "text": "Cardano 40cent range. Um and then maybe"}, {"start": "01:05:22", "end": "01:05:27", "text": "maybe some consolidation there. If we go"}, {"start": "01:05:24", "end": "01:05:29", "text": "look at Cardano on the weekly,"}, {"start": "01:05:27", "end": "01:05:31", "text": "get a sense of this"}, {"start": "01:05:29", "end": "01:05:34", "text": "uh 50week moving average. So this would"}, {"start": "01:05:31", "end": "01:05:36", "text": "be a big move if it would hit 40 56 50W"}, {"start": "01:05:34", "end": "01:05:40", "text": "week moving average around 30 cents. The"}, {"start": "01:05:36", "end": "01:05:41", "text": "200 week a huge macro shift area 48"}, {"start": "01:05:40", "end": "01:05:43", "text": "cents. We could be right in between"}, {"start": "01:05:41", "end": "01:05:47", "text": "these two moving averages. Cardano"}, {"start": "01:05:43", "end": "01:05:47", "text": "setting that move up right now."}, {"start": "01:05:55", "end": "01:05:59", "text": "Um, this is a good question. Mid tier."}, {"start": "01:05:58", "end": "01:06:03", "text": "I'm trying to think what mid tier would"}, {"start": "01:05:59", "end": "01:06:06", "text": "would look like. I want to bring uh"}, {"start": "01:06:03", "end": "01:06:09", "text": "bring this chart up."}, {"start": "01:06:06", "end": "01:06:12", "text": "Pyth Pith. I honestly don't even know"}, {"start": "01:06:09", "end": "01:06:14", "text": "how people pronounce it. So before I"}, {"start": "01:06:12", "end": "01:06:17", "text": "bought SUI yesterday when it was"}, {"start": "01:06:14", "end": "01:06:19", "text": "starting to break out like 89.90s,"}, {"start": "01:06:17", "end": "01:06:21", "text": "I was like and I've been I talked about"}, {"start": "01:06:19", "end": "01:06:23", "text": "this the other day. So this whole"}, {"start": "01:06:21", "end": "01:06:25", "text": "institutional thing I talked about in a"}, {"start": "01:06:23", "end": "01:06:27", "text": "video the other day."}, {"start": "01:06:25", "end": "01:06:29", "text": "I said, you know what, I don't have an"}, {"start": "01:06:27", "end": "01:06:30", "text": "institutional play and I'm probably"}, {"start": "01:06:29", "end": "01:06:33", "text": "going to miss the boat. I think I missed"}, {"start": "01:06:30", "end": "01:06:34", "text": "the boat. Um and so yesterday, that's"}, {"start": "01:06:33", "end": "01:06:36", "text": "why I was like, I'm just going to keep"}, {"start": "01:06:34", "end": "01:06:40", "text": "accumulating SU while it's down here in"}, {"start": "01:06:36", "end": "01:06:43", "text": "this range. But this one is one that"}, {"start": "01:06:40", "end": "01:06:46", "text": "I highly considered. So when you think"}, {"start": "01:06:43", "end": "01:06:48", "text": "about like all the data needed to bring"}, {"start": "01:06:46", "end": "01:06:50", "text": "like stock market onchain, everything"}, {"start": "01:06:48", "end": "01:06:52", "text": "that's going on in that regard, this is"}, {"start": "01:06:50", "end": "01:06:54", "text": "a this is a project for that. And so we"}, {"start": "01:06:52", "end": "01:06:55", "text": "think about this in comparison if you"}, {"start": "01:06:54", "end": "01:06:58", "text": "want to compare it to something like"}, {"start": "01:06:55", "end": "01:06:59", "text": "chain link and this is just way earlier."}, {"start": "01:06:58", "end": "01:07:02", "text": "And"}, {"start": "01:06:59", "end": "01:07:03", "text": "um I bought SUI, but I think when I was"}, {"start": "01:07:02", "end": "01:07:05", "text": "considering buying this, it was around"}, {"start": "01:07:03", "end": "01:07:08", "text": "5960 cents. So, it's not even really up"}, {"start": "01:07:05", "end": "01:07:10", "text": "that much since then. It's like maybe"}, {"start": "01:07:08", "end": "01:07:13", "text": "close to 10%. But with that being said,"}, {"start": "01:07:10", "end": "01:07:16", "text": "I think this is a good one. Um I don't I"}, {"start": "01:07:13", "end": "01:07:18", "text": "didn't buy any"}, {"start": "01:07:16", "end": "01:07:20", "text": "and um I don't know if that would be"}, {"start": "01:07:18", "end": "01:07:23", "text": "considered mid."}, {"start": "01:07:20", "end": "01:07:26", "text": "When you're talking about um"}, {"start": "01:07:23", "end": "01:07:27", "text": "when you're talking about a mid tier,"}, {"start": "01:07:26", "end": "01:07:30", "text": "what kind of market cap are you are you"}, {"start": "01:07:27", "end": "01:07:30", "text": "thinking?"}, {"start": "01:07:37", "end": "01:07:42", "text": "This is not financial advice, but"}, {"start": "01:07:39", "end": "01:07:44", "text": "somebody said I'm down. I'm around 20%"}, {"start": "01:07:42", "end": "01:07:46", "text": "down in my portfolio. Am I in good"}, {"start": "01:07:44", "end": "01:07:47", "text": "position at this stage of the market? I"}, {"start": "01:07:46", "end": "01:07:50", "text": "guess one thing I would wonder is what"}, {"start": "01:07:47", "end": "01:07:53", "text": "what does your portfolio consist of,"}, {"start": "01:07:50", "end": "01:07:56", "text": "right? And that's probably a big piece"}, {"start": "01:07:53", "end": "01:07:58", "text": "to the answer. But secondly, I imagine"}, {"start": "01:07:56", "end": "01:08:01", "text": "you're probably in some good good plays."}, {"start": "01:07:58", "end": "01:08:02", "text": "If you're down only 20% right now, I"}, {"start": "01:08:01", "end": "01:08:05", "text": "think you're in I think you're going to"}, {"start": "01:08:02", "end": "01:08:06", "text": "be in good shape because again to"}, {"start": "01:08:05", "end": "01:08:10", "text": "because we've really zoomed in in a lot"}, {"start": "01:08:06", "end": "01:08:14", "text": "of these altcoins. Um, but to zoom back"}, {"start": "01:08:10", "end": "01:08:16", "text": "out for a moment, if"}, {"start": "01:08:14", "end": "01:08:18", "text": "if if Bitcoin just broke the 50week"}, {"start": "01:08:16", "end": "01:08:21", "text": "moving average,"}, {"start": "01:08:18", "end": "01:08:24", "text": "and this has been the very beginning"}, {"start": "01:08:21", "end": "01:08:27", "text": "very beginning of bull moves across"}, {"start": "01:08:24", "end": "01:08:29", "text": "every cycle, right?"}, {"start": "01:08:27", "end": "01:08:31", "text": "Think about what that means. This this"}, {"start": "01:08:29", "end": "01:08:33", "text": "what that very simply means for you if"}, {"start": "01:08:31", "end": "01:08:35", "text": "you're down 20%. And this is not"}, {"start": "01:08:33", "end": "01:08:37", "text": "financial advice. I'm only telling you"}, {"start": "01:08:35", "end": "01:08:39", "text": "how I see this. I could be wrong. I"}, {"start": "01:08:37", "end": "01:08:42", "text": "always say that like crypto could just"}, {"start": "01:08:39", "end": "01:08:45", "text": "fall again, right? I don't know. Black"}, {"start": "01:08:42", "end": "01:08:48", "text": "swan event, boom, Bitcoin's back to 50."}, {"start": "01:08:45", "end": "01:08:50", "text": "Be prepared for that, please. But if"}, {"start": "01:08:48", "end": "01:08:53", "text": "this is happening"}, {"start": "01:08:50", "end": "01:08:56", "text": "and and it's actually happening at this"}, {"start": "01:08:53", "end": "01:08:58", "text": "confluence of this business cycle"}, {"start": "01:08:56", "end": "01:09:01", "text": "expanding and we get an actual cycle of"}, {"start": "01:08:58", "end": "01:09:04", "text": "expansion, it it's potentially most"}, {"start": "01:09:01", "end": "01:09:07", "text": "likely actually won't look like 2020 to"}, {"start": "01:09:04", "end": "01:09:11", "text": "2021 expansion."}, {"start": "01:09:07", "end": "01:09:15", "text": "I think it could mimic a little bit this"}, {"start": "01:09:11", "end": "01:09:17", "text": "which was the cycle before that 15 16 17"}, {"start": "01:09:15", "end": "01:09:20", "text": "but if we get that and we're at the"}, {"start": "01:09:17", "end": "01:09:23", "text": "starting line moment right the starting"}, {"start": "01:09:20", "end": "01:09:25", "text": "line moment by the way this move didn't"}, {"start": "01:09:23", "end": "01:09:27", "text": "even this happened in contraction but"}, {"start": "01:09:25", "end": "01:09:30", "text": "we're at the starting line moment if"}, {"start": "01:09:27", "end": "01:09:32", "text": "you're down 20% and you're in altcoins"}, {"start": "01:09:30", "end": "01:09:37", "text": "for instance or maybe even just Bitcoin"}, {"start": "01:09:32", "end": "01:09:37", "text": "I think you're going to be okay um"}, {"start": "01:09:38", "end": "01:09:42", "text": "down 60%. I think you're I think you're"}, {"start": "01:09:40", "end": "01:09:43", "text": "going to be okay. Like that's I think"}, {"start": "01:09:42", "end": "01:09:46", "text": "we're in I think we have a nice bull"}, {"start": "01:09:43", "end": "01:09:50", "text": "market in sewer. That's not a guarantee."}, {"start": "01:09:46", "end": "01:09:50", "text": "It's just how I see it."}, {"start": "01:09:53", "end": "01:10:00", "text": "And again, it it really does um"}, {"start": "01:09:57", "end": "01:10:04", "text": "does kind of depend on what you're"}, {"start": "01:10:00", "end": "01:10:04", "text": "holding, I would say."}, {"start": "01:10:09", "end": "01:10:12", "text": "Let me see."}, {"start": "01:10:12", "end": "01:10:19", "text": "Ando. So, Ando, I I started the DCA the"}, {"start": "01:10:17", "end": "01:10:20", "text": "other day. I was like, man, where was"}, {"start": "01:10:19", "end": "01:10:24", "text": "this? Where was Andondo? I don't even"}, {"start": "01:10:20", "end": "01:10:26", "text": "know. And"}, {"start": "01:10:24", "end": "01:10:28", "text": "um I mean, I guess it hasn't even broken"}, {"start": "01:10:26", "end": "01:10:29", "text": "out of range, but I canceled the DCA"}, {"start": "01:10:28", "end": "01:10:31", "text": "because I was like, I'm just going to"}, {"start": "01:10:29", "end": "01:10:35", "text": "stick with my my basket that I currently"}, {"start": "01:10:31", "end": "01:10:35", "text": "have. and"}, {"start": "01:10:35", "end": "01:10:38", "text": "um"}, {"start": "01:10:40", "end": "01:10:44", "text": "ono. This is a weekly, but let's change"}, {"start": "01:10:41", "end": "01:10:46", "text": "it to daily because I'm kind of curious."}, {"start": "01:10:44", "end": "01:10:50", "text": "Yeah. So, it's the last few days things"}, {"start": "01:10:46", "end": "01:10:56", "text": "have been just cruising to the upside."}, {"start": "01:10:50", "end": "01:10:57", "text": "So, from these lows up 36%. But is"}, {"start": "01:10:56", "end": "01:10:59", "text": "another one everybody along with"}, {"start": "01:10:57", "end": "01:11:00", "text": "Cardano, Caspa, we just looked at this."}, {"start": "01:10:59", "end": "01:11:03", "text": "It's in a range. hasn't even broken out"}, {"start": "01:11:00", "end": "01:11:05", "text": "of the range yet. Um, the thing about"}, {"start": "01:11:03", "end": "01:11:07", "text": "Andondo, I just I did my video the other"}, {"start": "01:11:05", "end": "01:11:10", "text": "day. I posted it. I just got to be very"}, {"start": "01:11:07", "end": "01:11:12", "text": "real with you everybody. I did not like"}, {"start": "01:11:10", "end": "01:11:13", "text": "comments I was getting. And I'm not"}, {"start": "01:11:12", "end": "01:11:15", "text": "saying that like I was hurt. My feelings"}, {"start": "01:11:13", "end": "01:11:18", "text": "were hurt. I'm just saying I didn't like"}, {"start": "01:11:15", "end": "01:11:19", "text": "how there was I I saw no I didn't see"}, {"start": "01:11:18", "end": "01:11:21", "text": "any bullish people on Ando. And I know"}, {"start": "01:11:19", "end": "01:11:22", "text": "there's bullish people on. I know"}, {"start": "01:11:21", "end": "01:11:24", "text": "there's content creators that are"}, {"start": "01:11:22", "end": "01:11:26", "text": "bullish and but I just didn't like that"}, {"start": "01:11:24", "end": "01:11:28", "text": "like community. I community is a huge"}, {"start": "01:11:26", "end": "01:11:29", "text": "thing for me. And if I don't see good"}, {"start": "01:11:28", "end": "01:11:32", "text": "community engagement, I just don't like"}, {"start": "01:11:29", "end": "01:11:35", "text": "that. I feel like in a bull market, you"}, {"start": "01:11:32", "end": "01:11:37", "text": "want solid community that's engaged. And"}, {"start": "01:11:35", "end": "01:11:39", "text": "alls I was getting was, man, Ando, their"}, {"start": "01:11:37", "end": "01:11:41", "text": "coin is useless. It's not used for"}, {"start": "01:11:39", "end": "01:11:43", "text": "anything. It's a scam coin. I'm not"}, {"start": "01:11:41", "end": "01:11:44", "text": "saying it's a scam at all. I think Ando"}, {"start": "01:11:43", "end": "01:11:46", "text": "will probably do great, but I'm just"}, {"start": "01:11:44", "end": "01:11:48", "text": "saying I didn't like that. And that's"}, {"start": "01:11:46", "end": "01:11:53", "text": "that's a piece of sentiment. That's a"}, {"start": "01:11:48", "end": "01:11:53", "text": "piece of data that I go off of."}, {"start": "01:12:03", "end": "01:12:08", "text": "So,"}, {"start": "01:12:05", "end": "01:12:10", "text": "I'm not holding Caspa. And it's just"}, {"start": "01:12:08", "end": "01:12:13", "text": "been, you know, over months and months"}, {"start": "01:12:10", "end": "01:12:17", "text": "and months, I've been on the fence about"}, {"start": "01:12:13", "end": "01:12:20", "text": "Caspa and Ando and Near and I just never"}, {"start": "01:12:17", "end": "01:12:22", "text": "pulled the trigger on any of them. Um,"}, {"start": "01:12:20", "end": "01:12:24", "text": "but we do have in our intelligence"}, {"start": "01:12:22", "end": "01:12:27", "text": "system, I have a we we built a Casp a"}, {"start": "01:12:24", "end": "01:12:29", "text": "Caspa risk model because I've been"}, {"start": "01:12:27", "end": "01:12:30", "text": "intrigued by Caspa. Uh, I've been"}, {"start": "01:12:29", "end": "01:12:32", "text": "impressed by the community. That's a"}, {"start": "01:12:30", "end": "01:12:34", "text": "coin that like if I'm going to buy it's"}, {"start": "01:12:32", "end": "01:12:37", "text": "especially because of the community. I"}, {"start": "01:12:34", "end": "01:12:38", "text": "think that really helps. But you can"}, {"start": "01:12:37", "end": "01:12:42", "text": "just see Caspa on our risk model goes"}, {"start": "01:12:38", "end": "01:12:44", "text": "back to 2022 has not had a bull market."}, {"start": "01:12:42", "end": "01:12:46", "text": "Um, so if we go into expansion bull"}, {"start": "01:12:44", "end": "01:12:47", "text": "market with Caspa, what they're building"}, {"start": "01:12:46", "end": "01:12:49", "text": "as well as a community, Caspa is just"}, {"start": "01:12:47", "end": "01:12:51", "text": "it's I think it's going to do very well."}, {"start": "01:12:49", "end": "01:12:53", "text": "I'm going to be like, man,"}, {"start": "01:12:51", "end": "01:12:55", "text": "I wish I would have had some Caspa. But"}, {"start": "01:12:53", "end": "01:12:57", "text": "even Casper right now is at a 30 in"}, {"start": "01:12:55", "end": "01:13:00", "text": "terms of uh our risk model. 87% of the"}, {"start": "01:12:57", "end": "01:13:02", "text": "time after one year price was higher"}, {"start": "01:13:00", "end": "01:13:05", "text": "when it has a 30. But please keep in"}, {"start": "01:13:02", "end": "01:13:08", "text": "mind this risk model is not taking into"}, {"start": "01:13:05", "end": "01:13:10", "text": "account uh a bull market for Caspa,"}, {"start": "01:13:08", "end": "01:13:12", "text": "right? This is going back to 2022 data."}, {"start": "01:13:10", "end": "01:13:15", "text": "Emerging asset theory data that we have"}, {"start": "01:13:12", "end": "01:13:17", "text": "back here and statistical modeling of"}, {"start": "01:13:15", "end": "01:13:20", "text": "market cycles in general helps come to"}, {"start": "01:13:17", "end": "01:13:23", "text": "this risk score. But we can't go back to"}, {"start": "01:13:20", "end": "01:13:25", "text": "LA to you know 20"}, {"start": "01:13:23", "end": "01:13:28", "text": "into 2020 and 21 bull market and be like"}, {"start": "01:13:25", "end": "01:13:31", "text": "this is exactly what Caspa did. Um you"}, {"start": "01:13:28", "end": "01:13:34", "text": "know like we can do that in something"}, {"start": "01:13:31", "end": "01:13:37", "text": "like uh Cardano, right? We can go back"}, {"start": "01:13:34", "end": "01:13:41", "text": "to the last bull market and just look at"}, {"start": "01:13:37", "end": "01:13:42", "text": "what it did from a risk of 20 for"}, {"start": "01:13:41", "end": "01:13:47", "text": "instance because it's at 20 right now."}, {"start": "01:13:42", "end": "01:13:49", "text": "Cardano's at 20, right? So here is, you"}, {"start": "01:13:47", "end": "01:13:52", "text": "know, here's the teens. There's a 20"}, {"start": "01:13:49", "end": "01:13:54", "text": "back there in 2019. Maybe as we start"}, {"start": "01:13:52", "end": "01:13:57", "text": "getting expansion. Here's a 36, but look"}, {"start": "01:13:54", "end": "01:14:00", "text": "what was still in store for Cordano,"}, {"start": "01:13:57", "end": "01:14:02", "text": "right? And so what our members can do is"}, {"start": "01:14:00", "end": "01:14:05", "text": "say, man, Cordan's at 20 right now. I've"}, {"start": "01:14:02", "end": "01:14:07", "text": "been accumulating. Is Cardano ever going"}, {"start": "01:14:05", "end": "01:14:08", "text": "to move? And if it does, should I start"}, {"start": "01:14:07", "end": "01:14:11", "text": "taking profits when we're getting into"}, {"start": "01:14:08", "end": "01:14:15", "text": "the 50s, 60s,7s?"}, {"start": "01:14:11", "end": "01:14:18", "text": "You go into our um our exit planner and"}, {"start": "01:14:15", "end": "01:14:19", "text": "you can just start speculating in any of"}, {"start": "01:14:18", "end": "01:14:22", "text": "the coins that are back here based on"}, {"start": "01:14:19", "end": "01:14:26", "text": "risk models and start setting your exits"}, {"start": "01:14:22", "end": "01:14:27", "text": "based on price, right? But then you can"}, {"start": "01:14:26", "end": "01:14:30", "text": "actually change it to risk mode and you"}, {"start": "01:14:27", "end": "01:14:33", "text": "can start planning your exits based on"}, {"start": "01:14:30", "end": "01:14:36", "text": "risk. When Cardano hits this risk score"}, {"start": "01:14:33", "end": "01:14:40", "text": "of 67,"}, {"start": "01:14:36", "end": "01:14:44", "text": "sell 10%. When it hits a risk of 74,"}, {"start": "01:14:40", "end": "01:14:46", "text": "sell 10%. Right? 25%, whatever. So, it's"}, {"start": "01:14:44", "end": "01:14:48", "text": "the same exact thing. When we go back to"}, {"start": "01:14:46", "end": "01:14:51", "text": "the risk models and we look at something"}, {"start": "01:14:48", "end": "01:14:53", "text": "for Caspa, we don't have last cycle to"}, {"start": "01:14:51", "end": "01:14:55", "text": "kind of to do that that exercise with,"}, {"start": "01:14:53", "end": "01:14:59", "text": "but we have the risk model and it's"}, {"start": "01:14:55", "end": "01:15:02", "text": "sitting at a 30 right now. So if you"}, {"start": "01:14:59", "end": "01:15:05", "text": "look at uh moments where the risk score"}, {"start": "01:15:02", "end": "01:15:08", "text": "did get overheated in a non business"}, {"start": "01:15:05", "end": "01:15:11", "text": "cycle expansion environment, that's a 97"}, {"start": "01:15:08", "end": "01:15:14", "text": "in 2023. Obviously, it was a good time"}, {"start": "01:15:11", "end": "01:15:16", "text": "to take profit. I mean, this is why I"}, {"start": "01:15:14", "end": "01:15:20", "text": "say I'm going to sell probably too early"}, {"start": "01:15:16", "end": "01:15:20", "text": "on some of these coins because,"}, {"start": "01:15:20", "end": "01:15:25", "text": "you know, take profits. If I think of"}, {"start": "01:15:22", "end": "01:15:27", "text": "something like let's go to because it's"}, {"start": "01:15:25", "end": "01:15:31", "text": "it's something I can relate to. I own"}, {"start": "01:15:27", "end": "01:15:34", "text": "SUI, but if SUI is hitting"}, {"start": "01:15:31", "end": "01:15:36", "text": "uh 60s, 70s,"}, {"start": "01:15:34", "end": "01:15:38", "text": "I'm probably gonna be taking profits."}, {"start": "01:15:36", "end": "01:15:40", "text": "Um, and the thing is I have to be"}, {"start": "01:15:38", "end": "01:15:43", "text": "careful. SWE could go to 100 in terms of"}, {"start": "01:15:40", "end": "01:15:45", "text": "risk, but again, SUI has not had a bull"}, {"start": "01:15:43", "end": "01:15:48", "text": "market. Don't even know what that would"}, {"start": "01:15:45", "end": "01:15:50", "text": "look like on something like SUI. Um, so"}, {"start": "01:15:48", "end": "01:15:53", "text": "it's going to be very interesting to"}, {"start": "01:15:50", "end": "01:15:54", "text": "balance risk and taking profit without"}, {"start": "01:15:53", "end": "01:15:56", "text": "selling too early. But that's the"}, {"start": "01:15:54", "end": "01:15:57", "text": "balance and that's the game we have to"}, {"start": "01:15:56", "end": "01:16:02", "text": "play."}, {"start": "01:15:57", "end": "01:16:06", "text": "So long story short, I don't hold Caspa,"}, {"start": "01:16:02", "end": "01:16:06", "text": "but I think Caspa is very bullish."}, {"start": "01:16:06", "end": "01:16:12", "text": "Somebody said uh somebody said near"}, {"start": "01:16:11", "end": "01:16:15", "text": "we have and it's a probably a little"}, {"start": "01:16:12", "end": "01:16:18", "text": "higher of a risk model because look at"}, {"start": "01:16:15", "end": "01:16:22", "text": "that. So this this just goes to show you"}, {"start": "01:16:18", "end": "01:16:24", "text": "like how fast things can change."}, {"start": "01:16:22", "end": "01:16:25", "text": "If you watch my channel, you know I'm"}, {"start": "01:16:24", "end": "01:16:29", "text": "covering these risk models. I'm like,"}, {"start": "01:16:25", "end": "01:16:30", "text": "everybody, it's bullish. And everybody's"}, {"start": "01:16:29", "end": "01:16:34", "text": "like, dude, what are you talking about?"}, {"start": "01:16:30", "end": "01:16:39", "text": "How is it bullish? And I'm like,"}, {"start": "01:16:34", "end": "01:16:41", "text": "10 on our risk model. Nine, we are in"}, {"start": "01:16:39", "end": "01:16:42", "text": "low risk. We are in accumulation"}, {"start": "01:16:41", "end": "01:16:45", "text": "territory. This is the purpose of the"}, {"start": "01:16:42", "end": "01:16:47", "text": "risk models so we can put aside emotion"}, {"start": "01:16:45", "end": "01:16:51", "text": "and we can be bullish if if we're in"}, {"start": "01:16:47", "end": "01:16:55", "text": "these high fear. The whole the whole"}, {"start": "01:16:51", "end": "01:16:57", "text": "exercise is to be contrarian. When"}, {"start": "01:16:55", "end": "01:17:00", "text": "everybody's bearish and everybody's"}, {"start": "01:16:57", "end": "01:17:02", "text": "screaming it's over,"}, {"start": "01:17:00", "end": "01:17:05", "text": "we're going lower."}, {"start": "01:17:02", "end": "01:17:07", "text": "But risk is low. It's where the money is"}, {"start": "01:17:05", "end": "01:17:09", "text": "made everybody. And the risk model, the"}, {"start": "01:17:07", "end": "01:17:12", "text": "purpose of it is to do that. It's to"}, {"start": "01:17:09", "end": "01:17:15", "text": "it's to conflict with emotion."}, {"start": "01:17:12", "end": "01:17:18", "text": "The emotion here is do not buy. We're"}, {"start": "01:17:15", "end": "01:17:20", "text": "going lower. and risk model saying buy."}, {"start": "01:17:18", "end": "01:17:22", "text": "This is your lowrisk area to buy. And"}, {"start": "01:17:20", "end": "01:17:25", "text": "just like that,"}, {"start": "01:17:22", "end": "01:17:27", "text": "we're you know going into the fall of"}, {"start": "01:17:25", "end": "01:17:32", "text": "the same year and we went from a 9 to a"}, {"start": "01:17:27", "end": "01:17:36", "text": "47 in risk. We went from on near 96"}, {"start": "01:17:32", "end": "01:17:38", "text": "cents to $4."}, {"start": "01:17:36", "end": "01:17:40", "text": "So here's another good example of why"}, {"start": "01:17:38", "end": "01:17:41", "text": "I've been so bullish all year long as we"}, {"start": "01:17:40", "end": "01:17:43", "text": "go through that postquantitative"}, {"start": "01:17:41", "end": "01:17:47", "text": "tightening dip. Because risk was getting"}, {"start": "01:17:43", "end": "01:17:49", "text": "low for altcoins. I I that's what I've"}, {"start": "01:17:47", "end": "01:17:51", "text": "been saying. And now we're in this"}, {"start": "01:17:49", "end": "01:17:54", "text": "environment where near it's at a 47 by"}, {"start": "01:17:51", "end": "01:17:59", "text": "the way, but man, you can just see last"}, {"start": "01:17:54", "end": "01:18:01", "text": "bull cycle hitting in this uh 74 in 2022"}, {"start": "01:17:59", "end": "01:18:03", "text": "and probably way better narrative now"}, {"start": "01:18:01", "end": "01:18:05", "text": "than it even had back then. So there's"}, {"start": "01:18:03", "end": "01:18:08", "text": "still a ton of upside for near by the"}, {"start": "01:18:05", "end": "01:18:10", "text": "way. But if you were accumulating back"}, {"start": "01:18:08", "end": "01:18:13", "text": "here a dollar and we're sitting around"}, {"start": "01:18:10", "end": "01:18:16", "text": "$4 right now, this is where you actually"}, {"start": "01:18:13", "end": "01:18:19", "text": "do consider, do I take profits? What do"}, {"start": "01:18:16", "end": "01:18:22", "text": "how do how do I want to play this? Um,"}, {"start": "01:18:19", "end": "01:18:24", "text": "and so"}, {"start": "01:18:22", "end": "01:18:28", "text": "I don't know if I have see if I have a"}, {"start": "01:18:24", "end": "01:18:31", "text": "near chart, but um, you know, here"}, {"start": "01:18:28", "end": "01:18:35", "text": "definitely made some moves as of"}, {"start": "01:18:31", "end": "01:18:35", "text": "guess I don't"}, {"start": "01:18:36", "end": "01:18:39", "text": "So crazy. I thought I did."}, {"start": "01:18:42", "end": "01:18:47", "text": "I mean, look at that monthly."}, {"start": "01:18:45", "end": "01:18:50", "text": "Kind of looks like unis swap. But yeah,"}, {"start": "01:18:47", "end": "01:18:51", "text": "from those lows when the risk when the"}, {"start": "01:18:50", "end": "01:18:53", "text": "when our risk model was screaming"}, {"start": "01:18:51", "end": "01:18:56", "text": "accumulation and low risk and dude,"}, {"start": "01:18:53", "end": "01:18:59", "text": "anything under 10 in any any model is"}, {"start": "01:18:56", "end": "01:19:04", "text": "like it's just low risk"}, {"start": "01:18:59", "end": "01:19:07", "text": "up almost 400%. Basically 400%."}, {"start": "01:19:04", "end": "01:19:08", "text": "currently like 384 from those lows. So,"}, {"start": "01:19:07", "end": "01:19:11", "text": "if you're a near newer accumulating back"}, {"start": "01:19:08", "end": "01:19:14", "text": "here, good time to think about taking"}, {"start": "01:19:11", "end": "01:19:16", "text": "profits, right? If it's nice to trim"}, {"start": "01:19:14", "end": "01:19:17", "text": "some off the top, if you hit your goals"}, {"start": "01:19:16", "end": "01:19:18", "text": "and you're like, I'm selling it all,"}, {"start": "01:19:17", "end": "01:19:20", "text": "fine, do it. I don't, this is not"}, {"start": "01:19:18", "end": "01:19:22", "text": "financial advice. But I do just want to"}, {"start": "01:19:20", "end": "01:19:24", "text": "say this could be a beautiful thing for"}, {"start": "01:19:22", "end": "01:19:28", "text": "near because we're in the beginning, in"}, {"start": "01:19:24", "end": "01:19:30", "text": "my opinion, of a bull market. So, look"}, {"start": "01:19:28", "end": "01:19:34", "text": "at this. Near hasn't even broken out of"}, {"start": "01:19:30", "end": "01:19:37", "text": "the macro and near has some very nice um"}, {"start": "01:19:34", "end": "01:19:39", "text": "very nice narratives going for itself."}, {"start": "01:19:37", "end": "01:19:41", "text": "Right? So, uh the upside for near you"}, {"start": "01:19:39", "end": "01:19:43", "text": "you could sell at $4. You can take"}, {"start": "01:19:41", "end": "01:19:45", "text": "profit at $4. But if we're at the"}, {"start": "01:19:43", "end": "01:19:47", "text": "beginning of a bull market, maybe we get"}, {"start": "01:19:45", "end": "01:19:50", "text": "consolidation. Maybe boom, we're coming"}, {"start": "01:19:47", "end": "01:19:51", "text": "back down testing this monthly moving"}, {"start": "01:19:50", "end": "01:19:53", "text": "average at 280. We're back down to"}, {"start": "01:19:51", "end": "01:19:54", "text": "three. People getting bearish again. I"}, {"start": "01:19:53", "end": "01:19:57", "text": "don't know how it's going to play out."}, {"start": "01:19:54", "end": "01:20:02", "text": "Maybe we break out, go higher, but the"}, {"start": "01:19:57", "end": "01:20:05", "text": "upside potential is clearly there. $19"}, {"start": "01:20:02", "end": "01:20:07", "text": "is like this all-time high area, $20."}, {"start": "01:20:05", "end": "01:20:10", "text": "We're at four right now. Um, but very"}, {"start": "01:20:07", "end": "01:20:12", "text": "good time if you if you own near. Figure"}, {"start": "01:20:10", "end": "01:20:13", "text": "out your take profits. Right here's a"}, {"start": "01:20:12", "end": "01:20:16", "text": "here's a probably a resistance area"}, {"start": "01:20:13", "end": "01:20:18", "text": "right here around $7 to 8. Maybe a good"}, {"start": "01:20:16", "end": "01:20:21", "text": "area to take profit. Maybe we actually"}, {"start": "01:20:18", "end": "01:20:26", "text": "continue to this move 7 to eight throw"}, {"start": "01:20:21", "end": "01:20:29", "text": "back to this trend line 50% 40% dip in a"}, {"start": "01:20:26", "end": "01:20:31", "text": "bull market continue higher. How do you"}, {"start": "01:20:29", "end": "01:20:33", "text": "want to play that? Right? This this is a"}, {"start": "01:20:31", "end": "01:20:36", "text": "picture of every chart. They all look"}, {"start": "01:20:33", "end": "01:20:39", "text": "different but the question is the same."}, {"start": "01:20:36", "end": "01:20:41", "text": "How are you going to play"}, {"start": "01:20:39", "end": "01:20:44", "text": "um"}, {"start": "01:20:41", "end": "01:20:46", "text": "how are you going to play"}, {"start": "01:20:44", "end": "01:20:52", "text": "the volatility"}, {"start": "01:20:46", "end": "01:20:52", "text": "of the cycle? That's it. You know,"}, {"start": "01:20:54", "end": "01:21:00", "text": ">> I'm trying to reaction is the same. How"}, {"start": "01:20:57", "end": "01:21:04", "text": "are you going to play"}, {"start": "01:21:00", "end": "01:21:04", "text": "um buzz myself?"}, {"start": "01:21:09", "end": "01:21:12", "text": "Somebody asked me to do that, so I did"}, {"start": "01:21:10", "end": "01:21:16", "text": "it. I don't even know if I did it right,"}, {"start": "01:21:12", "end": "01:21:16", "text": "but I did my best."}, {"start": "01:21:19", "end": "01:21:22", "text": "Um,"}, {"start": "01:21:31", "end": "01:21:34", "text": "so I just put that link in the"}, {"start": "01:21:33", "end": "01:21:36", "text": "description."}, {"start": "01:21:34", "end": "01:21:40", "text": "Okay. So, for mid tier, I was thinking"}, {"start": "01:21:36", "end": "01:21:41", "text": "anything under 100 million. Um, I don't"}, {"start": "01:21:40", "end": "01:21:45", "text": "I don't really really like talking about"}, {"start": "01:21:41", "end": "01:21:47", "text": "anything under 100 million. Um,"}, {"start": "01:21:45", "end": "01:21:48", "text": "I would say 50 million is usually my"}, {"start": "01:21:47", "end": "01:21:50", "text": "threshold,"}, {"start": "01:21:48", "end": "01:21:53", "text": "but I do just want to say like if you're"}, {"start": "01:21:50", "end": "01:21:54", "text": "in that range even, I mean there's"}, {"start": "01:21:53", "end": "01:21:58", "text": "nothing really I could talk about other"}, {"start": "01:21:54", "end": "01:22:01", "text": "than dog. It's literally on Bitcoin."}, {"start": "01:21:58", "end": "01:22:04", "text": "Um, there's probably some cool projects"}, {"start": "01:22:01", "end": "01:22:06", "text": "that are non-me coins and I would never"}, {"start": "01:22:04", "end": "01:22:09", "text": "there's not another memecoin I would be"}, {"start": "01:22:06", "end": "01:22:14", "text": "covering this regard,"}, {"start": "01:22:09", "end": "01:22:16", "text": "but this is a value play of mine."}, {"start": "01:22:14", "end": "01:22:18", "text": "It's dog. So, if you want to consider"}, {"start": "01:22:16", "end": "01:22:21", "text": "that mid tier, it's a flagship Bitcoin"}, {"start": "01:22:18", "end": "01:22:22", "text": "meme."}, {"start": "01:22:21", "end": "01:22:25", "text": "And if you watch my channel, I just did"}, {"start": "01:22:22", "end": "01:22:28", "text": "a full video on it like maybe few weeks"}, {"start": "01:22:25", "end": "01:22:30", "text": "ago, a month ago. Um, covered Mark"}, {"start": "01:22:28", "end": "01:22:35", "text": "Yusco. I mean, he manages billions of"}, {"start": "01:22:30", "end": "01:22:37", "text": "dollars in asset. Big big fund guy. And"}, {"start": "01:22:35", "end": "01:22:42", "text": "he's bullish on Dog for all the right"}, {"start": "01:22:37", "end": "01:22:42", "text": "reasons. Number one, it's on Bitcoin."}, {"start": "01:22:44", "end": "01:22:47", "text": "And so"}, {"start": "01:22:48", "end": "01:22:53", "text": "this is a great play, man. It's a great"}, {"start": "01:22:50", "end": "01:22:53", "text": "play."}, {"start": "01:22:57", "end": "01:23:02", "text": "Any hope for RWA narratives such as"}, {"start": "01:22:59", "end": "01:23:02", "text": "Vchain?"}, {"start": "01:23:03", "end": "01:23:07", "text": "Think I really looked at Vchain lately."}, {"start": "01:23:10", "end": "01:23:13", "text": "Let's see. Obviously"}, {"start": "01:23:13", "end": "01:23:19", "text": "I was doing something on this chart."}, {"start": "01:23:15", "end": "01:23:19", "text": "Look at that though."}, {"start": "01:23:20", "end": "01:23:29", "text": "So from lows up I mean look at that"}, {"start": "01:23:25", "end": "01:23:33", "text": "on the weekly since August up over 100%."}, {"start": "01:23:29", "end": "01:23:35", "text": "That is not too shabby. Um,"}, {"start": "01:23:33", "end": "01:23:38", "text": "in terms of narratives, I think, you"}, {"start": "01:23:35", "end": "01:23:38", "text": "know,"}, {"start": "01:23:39", "end": "01:23:44", "text": "some are some are better than others,"}, {"start": "01:23:41", "end": "01:23:45", "text": "but at the same time, if we get it if we"}, {"start": "01:23:44", "end": "01:23:47", "text": "get a crypto bull move, I think"}, {"start": "01:23:45", "end": "01:23:48", "text": "something like Vchain is going to do"}, {"start": "01:23:47", "end": "01:23:51", "text": "pretty good. I don't think I have Vchain"}, {"start": "01:23:48", "end": "01:23:53", "text": "in our risk models."}, {"start": "01:23:51", "end": "01:23:55", "text": "I do I do have V. So if we have"}, {"start": "01:23:53", "end": "01:23:56", "text": "something like Vchain in our risk"}, {"start": "01:23:55", "end": "01:23:58", "text": "models, I do just want to say it's it's"}, {"start": "01:23:56", "end": "01:24:01", "text": "probably because"}, {"start": "01:23:58", "end": "01:24:06", "text": "um community"}, {"start": "01:24:01", "end": "01:24:08", "text": "is there with a voice right asking"}, {"start": "01:24:06", "end": "01:24:10", "text": "um I don't know maybe when we built the"}, {"start": "01:24:08", "end": "01:24:11", "text": "system I decided to do Vchain because it"}, {"start": "01:24:10", "end": "01:24:13", "text": "it's kind of like you know it's been"}, {"start": "01:24:11", "end": "01:24:15", "text": "here right this this model goes back to"}, {"start": "01:24:13", "end": "01:24:17", "text": "2018"}, {"start": "01:24:15", "end": "01:24:18", "text": "but actually everybody just looking at"}, {"start": "01:24:17", "end": "01:24:20", "text": "this and again I haven't looked at this"}, {"start": "01:24:18", "end": "01:24:23", "text": "I was actually surprised we even have it"}, {"start": "01:24:20", "end": "01:24:26", "text": "back here Vchain sitting at Uh, I mean"}, {"start": "01:24:23", "end": "01:24:28", "text": "just coming out a similar consolidation"}, {"start": "01:24:26", "end": "01:24:30", "text": "and low risk that we just looked at on"}, {"start": "01:24:28", "end": "01:24:34", "text": "another one was at near I think near was"}, {"start": "01:24:30", "end": "01:24:36", "text": "at 9. This is a this was at 11 in August"}, {"start": "01:24:34", "end": "01:24:38", "text": "screaming if you're in our intelligence"}, {"start": "01:24:36", "end": "01:24:41", "text": "system to accumulate at this lowrisk"}, {"start": "01:24:38", "end": "01:24:43", "text": "area and now it's at a 27. We're still"}, {"start": "01:24:41", "end": "01:24:47", "text": "in the 20s which is very still very"}, {"start": "01:24:43", "end": "01:24:52", "text": "early but we're up 100% uh from those"}, {"start": "01:24:47", "end": "01:24:54", "text": "lows. And if we look at this 2021 highs,"}, {"start": "01:24:52", "end": "01:24:58", "text": "I mean"}, {"start": "01:24:54", "end": "01:25:00", "text": "this hit it hit a 99"}, {"start": "01:24:58", "end": "01:25:03", "text": "26 cents."}, {"start": "01:25:00", "end": "01:25:05", "text": "So we go and we look at Vchain now. It's"}, {"start": "01:25:03", "end": "01:25:08", "text": "at"}, {"start": "01:25:05", "end": "01:25:08", "text": "man."}, {"start": "01:25:08", "end": "01:25:14", "text": "So it's not even a penny yet"}, {"start": "01:25:12", "end": "01:25:16", "text": "just to get to alltime highs. These are"}, {"start": "01:25:14", "end": "01:25:17", "text": "again one of the environments where I"}, {"start": "01:25:16", "end": "01:25:20", "text": "like to understand tokconomics because"}, {"start": "01:25:17", "end": "01:25:23", "text": "like if if the coin has diluted the"}, {"start": "01:25:20", "end": "01:25:25", "text": "market even more. Um I don't know what"}, {"start": "01:25:23", "end": "01:25:28", "text": "all-time high market cap was for Vchain"}, {"start": "01:25:25", "end": "01:25:31", "text": "back here, but to hit maybe that similar"}, {"start": "01:25:28", "end": "01:25:33", "text": "exact market cap, it might be like right"}, {"start": "01:25:31", "end": "01:25:36", "text": "here. It would be hitting 12 cents to"}, {"start": "01:25:33", "end": "01:25:39", "text": "even get to this market cap if the coins"}, {"start": "01:25:36", "end": "01:25:41", "text": "have diluted the market."}, {"start": "01:25:39", "end": "01:25:42", "text": "I don't know. It could be opposite."}, {"start": "01:25:41", "end": "01:25:44", "text": "Maybe they've been burning coins. I"}, {"start": "01:25:42", "end": "01:25:45", "text": "don't know what Vchain tokconomics look"}, {"start": "01:25:44", "end": "01:25:47", "text": "like, but those are very important"}, {"start": "01:25:45", "end": "01:25:49", "text": "things to to evaluate and dissect. And"}, {"start": "01:25:47", "end": "01:25:52", "text": "if if you're out there and you hold a"}, {"start": "01:25:49", "end": "01:25:54", "text": "coin, an altcoin, even when you get off"}, {"start": "01:25:52", "end": "01:25:56", "text": "this video, go if you're if you are a"}, {"start": "01:25:54", "end": "01:25:59", "text": "member of of our intelligence system, go"}, {"start": "01:25:56", "end": "01:26:01", "text": "into our AI, which is zero AI. It's"}, {"start": "01:25:59", "end": "01:26:03", "text": "trained on our our models, but it's also"}, {"start": "01:26:01", "end": "01:26:05", "text": "just trained on just data that's out"}, {"start": "01:26:03", "end": "01:26:07", "text": "there, the current state of the markets"}, {"start": "01:26:05", "end": "01:26:09", "text": "and ask zero or ask, you know, if you"}, {"start": "01:26:07", "end": "01:26:11", "text": "have chat GPT"}, {"start": "01:26:09", "end": "01:26:15", "text": "and you haven't looked into this, if"}, {"start": "01:26:11", "end": "01:26:20", "text": "you're you hold Vchain or Caspa or, you"}, {"start": "01:26:15", "end": "01:26:24", "text": "know, dog or or whatever, ask,"}, {"start": "01:26:20", "end": "01:26:26", "text": "hey, what are the tokconomics here?"}, {"start": "01:26:24", "end": "01:26:28", "text": "Has there been any dilution since last"}, {"start": "01:26:26", "end": "01:26:30", "text": "cycle highs?"}, {"start": "01:26:28", "end": "01:26:32", "text": "and could that impact how high price"}, {"start": "01:26:30", "end": "01:26:35", "text": "could go this cycle? That's a huge"}, {"start": "01:26:32", "end": "01:26:37", "text": "thing. Start studying that stuff right"}, {"start": "01:26:35", "end": "01:26:40", "text": "now because it's very easy to just be"}, {"start": "01:26:37", "end": "01:26:42", "text": "like, \"Ooh, we went here. We went to 26"}, {"start": "01:26:40", "end": "01:26:46", "text": "cents last cycle. We'll at least get"}, {"start": "01:26:42", "end": "01:26:50", "text": "there, right? At least.\""}, {"start": "01:26:46", "end": "01:26:52", "text": "And that could be very true. And and to"}, {"start": "01:26:50", "end": "01:26:53", "text": "take to take it a step further, it could"}, {"start": "01:26:52", "end": "01:26:56", "text": "be true to be like, man, we could we"}, {"start": "01:26:53", "end": "01:26:59", "text": "could hit 76 cents this cycle. That"}, {"start": "01:26:56", "end": "01:27:02", "text": "could be very true on Vchain."}, {"start": "01:26:59", "end": "01:27:06", "text": "However, if tokconomics are not good"}, {"start": "01:27:02", "end": "01:27:09", "text": "and they're they're not"}, {"start": "01:27:06", "end": "01:27:11", "text": "like beneficial to this type of"}, {"start": "01:27:09", "end": "01:27:14", "text": "environment,"}, {"start": "01:27:11", "end": "01:27:16", "text": "it it might not have that upside."}, {"start": "01:27:14", "end": "01:27:18", "text": "So, it's so important to understand"}, {"start": "01:27:16", "end": "01:27:21", "text": "market cap. I've noticed a lot of people"}, {"start": "01:27:18", "end": "01:27:23", "text": "in this industry over the years, last"}, {"start": "01:27:21", "end": "01:27:25", "text": "cycle right now, they don't understand"}, {"start": "01:27:23", "end": "01:27:26", "text": "market cap. All they look at is price."}, {"start": "01:27:25", "end": "01:27:29", "text": "You know, you can look at something,"}, {"start": "01:27:26", "end": "01:27:31", "text": "it's only a penny. Bitcoin's like,"}, {"start": "01:27:29", "end": "01:27:33", "text": "Bitcoin's like $80,000. This thing's"}, {"start": "01:27:31", "end": "01:27:35", "text": "only a penny. There's so much upside."}, {"start": "01:27:33", "end": "01:27:37", "text": "It's not like that. It has nothing to do"}, {"start": "01:27:35", "end": "01:27:39", "text": "with it. Price has nothing to do with"}, {"start": "01:27:37", "end": "01:27:42", "text": "it."}, {"start": "01:27:39", "end": "01:27:45", "text": "Price, amount of tokens, market cap, and"}, {"start": "01:27:42", "end": "01:27:48", "text": "the valuation of of the of the crypto"}, {"start": "01:27:45", "end": "01:27:51", "text": "has everything to do with it. So, um I"}, {"start": "01:27:48", "end": "01:27:53", "text": "know I'm yapping, but I think once I go"}, {"start": "01:27:51", "end": "01:27:54", "text": "once I pass a half hour, if the live"}, {"start": "01:27:53", "end": "01:27:56", "text": "stream is not going to be a half hour,"}, {"start": "01:27:54", "end": "01:27:58", "text": "it turns into a very long one. But"}, {"start": "01:27:56", "end": "01:28:00", "text": "that's okay. I'll do like a summation"}, {"start": "01:27:58", "end": "01:28:02", "text": "video later today. 10 minutes, 20"}, {"start": "01:28:00", "end": "01:28:08", "text": "minutes. I want to start doing live"}, {"start": "01:28:02", "end": "01:28:10", "text": "streams more um like daily."}, {"start": "01:28:08", "end": "01:28:12", "text": "But to answer the question, it's not"}, {"start": "01:28:10", "end": "01:28:14", "text": "even so much any hope for RWO narratives"}, {"start": "01:28:12", "end": "01:28:15", "text": "such as Vchain, but it's kind of like if"}, {"start": "01:28:14", "end": "01:28:16", "text": "you look at this chart, there's I think"}, {"start": "01:28:15", "end": "01:28:18", "text": "there's there's some hope for this"}, {"start": "01:28:16", "end": "01:28:19", "text": "chart. The chart doesn't look bad. The"}, {"start": "01:28:18", "end": "01:28:22", "text": "risk model and our intelligence system"}, {"start": "01:28:19", "end": "01:28:23", "text": "for Vchain doesn't look bad. And if you"}, {"start": "01:28:22", "end": "01:28:25", "text": "actually look at it, we're actually"}, {"start": "01:28:23", "end": "01:28:27", "text": "Vchain's getting ready to break out of a"}, {"start": "01:28:25", "end": "01:28:30", "text": "range similar to what spurred the last"}, {"start": "01:28:27", "end": "01:28:32", "text": "move to 26 cents. And we're in a better"}, {"start": "01:28:30", "end": "01:28:35", "text": "environment in my opinion."}, {"start": "01:28:32", "end": "01:28:37", "text": "This was expansion. By the way, we think"}, {"start": "01:28:35", "end": "01:28:39", "text": "in terms of uh the business cycle, that"}, {"start": "01:28:37", "end": "01:28:41", "text": "was expansion. This is what we're"}, {"start": "01:28:39", "end": "01:28:42", "text": "waiting for. Now, the reason I say we're"}, {"start": "01:28:41", "end": "01:28:44", "text": "in a better environment is I just think"}, {"start": "01:28:42", "end": "01:28:46", "text": "crypto as a whole is in a better"}, {"start": "01:28:44", "end": "01:28:49", "text": "environment than it was back here. It's"}, {"start": "01:28:46", "end": "01:28:51", "text": "it's being driven"}, {"start": "01:28:49", "end": "01:28:53", "text": "not by just retail right now. I don't"}, {"start": "01:28:51", "end": "01:28:54", "text": "think retail is even here yet. Most of"}, {"start": "01:28:53", "end": "01:28:57", "text": "the people out there, most of the people"}, {"start": "01:28:54", "end": "01:28:58", "text": "in this chat are just OGs. People that"}, {"start": "01:28:57", "end": "01:29:00", "text": "maybe even started accumulating in the"}, {"start": "01:28:58", "end": "01:29:03", "text": "bear and they've had a rough time and"}, {"start": "01:29:00", "end": "01:29:06", "text": "they're down. People from last cycle. I"}, {"start": "01:29:03", "end": "01:29:10", "text": "don't think like retail retail is here."}, {"start": "01:29:06", "end": "01:29:13", "text": "So, um, and that's good when you're"}, {"start": "01:29:10", "end": "01:29:14", "text": "looking at a chart like Vchain. And so,"}, {"start": "01:29:13", "end": "01:29:16", "text": "when I'm just glancing at this, by the"}, {"start": "01:29:14", "end": "01:29:18", "text": "way, you know, I would actually even be"}, {"start": "01:29:16", "end": "01:29:20", "text": "a little"}, {"start": "01:29:18", "end": "01:29:21", "text": "kind of careful, but not really. We"}, {"start": "01:29:20", "end": "01:29:23", "text": "could get a clean breakout right now."}, {"start": "01:29:21", "end": "01:29:26", "text": "It' be very nice. But I'm just kind of"}, {"start": "01:29:23", "end": "01:29:28", "text": "looking at this."}, {"start": "01:29:26", "end": "01:29:29", "text": "The structure of this is not like"}, {"start": "01:29:28", "end": "01:29:30", "text": "perfect for an inverse head and"}, {"start": "01:29:29", "end": "01:29:31", "text": "shoulders, but I would not be surprised"}, {"start": "01:29:30", "end": "01:29:34", "text": "at all if there is any type of"}, {"start": "01:29:31", "end": "01:29:35", "text": "resistance right here"}, {"start": "01:29:34", "end": "01:29:38", "text": "and then we're actually coming back"}, {"start": "01:29:35", "end": "01:29:41", "text": "down. This does not mean it's game over"}, {"start": "01:29:38", "end": "01:29:42", "text": "for Vchain in my opinion, right? Like"}, {"start": "01:29:41", "end": "01:29:45", "text": "crypto markets as a whole could get a"}, {"start": "01:29:42", "end": "01:29:50", "text": "big dip right now. Um I mean look at"}, {"start": "01:29:45", "end": "01:29:52", "text": "Vchain again. It's up 100. It's up 100%."}, {"start": "01:29:50", "end": "01:29:54", "text": "In one, two, three, four, month and a"}, {"start": "01:29:52", "end": "01:29:56", "text": "half. Getting a big red candle, a couple"}, {"start": "01:29:54", "end": "01:29:58", "text": "big red candles is fine. It's not going"}, {"start": "01:29:56", "end": "01:30:00", "text": "to be up only on all these charts. So,"}, {"start": "01:29:58", "end": "01:30:02", "text": "um if we get this structure even though"}, {"start": "01:30:00", "end": "01:30:06", "text": "we get support at the 20, look how this"}, {"start": "01:30:02", "end": "01:30:10", "text": "could shift perfect shift into a bull"}, {"start": "01:30:06", "end": "01:30:13", "text": "move. So, plan accordingly like in terms"}, {"start": "01:30:10", "end": "01:30:13", "text": "of risk."}, {"start": "01:30:23", "end": "01:30:27", "text": "So anyway everybody, those are my"}, {"start": "01:30:25", "end": "01:30:28", "text": "thoughts. This live stream went very"}, {"start": "01:30:27", "end": "01:30:30", "text": "long. Um, hopefully I covered some of"}, {"start": "01:30:28", "end": "01:30:32", "text": "the coins you guys have been interested"}, {"start": "01:30:30", "end": "01:30:35", "text": "in. Bitcoin right now, man, approaching"}, {"start": "01:30:32", "end": "01:30:36", "text": "86,000, approaching the 20-month moving"}, {"start": "01:30:35", "end": "01:30:39", "text": "average. I don't even feel like ending"}, {"start": "01:30:36", "end": "01:30:41", "text": "the live stream, honestly. This is just"}, {"start": "01:30:39", "end": "01:30:43", "text": "crazy."}, {"start": "01:30:41", "end": "01:30:45", "text": "Kind of curious about this monthly chart"}, {"start": "01:30:43", "end": "01:30:48", "text": "on Bitcoin. Now we got good evening"}, {"start": "01:30:45", "end": "01:30:49", "text": "crypto in here."}, {"start": "01:30:48", "end": "01:30:50", "text": "Dan, great to see you. Hope life is"}, {"start": "01:30:49", "end": "01:30:52", "text": "treating you and your family great."}, {"start": "01:30:50", "end": "01:30:53", "text": "Right back at you, man. Appreciate you"}, {"start": "01:30:52", "end": "01:30:54", "text": "guys."}, {"start": "01:30:53", "end": "01:30:57", "text": "Hope you're doing well. Go subscribe to"}, {"start": "01:30:54", "end": "01:30:59", "text": "Good Evening Crypto. If you want like a"}, {"start": "01:30:57", "end": "01:31:01", "text": "legit high energy live stream, just good"}, {"start": "01:30:59", "end": "01:31:03", "text": "content, man."}, {"start": "01:31:01", "end": "01:31:05", "text": "Just go subscribe."}, {"start": "01:31:03", "end": "01:31:07", "text": "Follow them, guys. I don't know how they"}, {"start": "01:31:05", "end": "01:31:10", "text": "do it. Such good energy over there. I"}, {"start": "01:31:07", "end": "01:31:11", "text": "need to get some tips."}, {"start": "01:31:10", "end": "01:31:14", "text": "Especially if I want to start doing"}, {"start": "01:31:11", "end": "01:31:17", "text": "daily live streams. I need some tips."}, {"start": "01:31:14", "end": "01:31:21", "text": "I need to figure the game out. I'm also"}, {"start": "01:31:17", "end": "01:31:21", "text": "trying to wait till we move."}, {"start": "01:31:24", "end": "01:31:28", "text": "Will Cardano ever hit $200? I do not"}, {"start": "01:31:26", "end": "01:31:30", "text": "think so. Just to give you a very simple"}, {"start": "01:31:28", "end": "01:31:32", "text": "answer, the I don't feel like doing the"}, {"start": "01:31:30", "end": "01:31:36", "text": "math right now, but the valuation would"}, {"start": "01:31:32", "end": "01:31:36", "text": "be absolutely ridiculous."}, {"start": "01:31:40", "end": "01:31:44", "text": "I appreciate you, man. Dan, you're the"}, {"start": "01:31:42", "end": "01:31:45", "text": "OG."}, {"start": "01:31:44", "end": "01:31:47", "text": "Posting great things when market was"}, {"start": "01:31:45", "end": "01:31:48", "text": "down. Plan to be with you this cycle and"}, {"start": "01:31:47", "end": "01:31:50", "text": "for the future. I appreciate everybody"}, {"start": "01:31:48", "end": "01:31:51", "text": "that's just here with me in the cycle"}, {"start": "01:31:50", "end": "01:31:55", "text": "right now. Anybody that's been here"}, {"start": "01:31:51", "end": "01:31:56", "text": "during the downtrend. Um,"}, {"start": "01:31:55", "end": "01:31:59", "text": "somebody said, \"Will you stream"}, {"start": "01:31:56", "end": "01:32:01", "text": "tomorrow?\" Should I? I would actually"}, {"start": "01:31:59", "end": "01:32:03", "text": "like to know everybody like should I"}, {"start": "01:32:01", "end": "01:32:05", "text": "start doing live streams, daily live"}, {"start": "01:32:03", "end": "01:32:06", "text": "streams?"}, {"start": "01:32:05", "end": "01:32:11", "text": "I told myself when things become"}, {"start": "01:32:06", "end": "01:32:11", "text": "exciting, I'm going to do it. And"}, {"start": "01:32:14", "end": "01:32:19", "text": "be careful on Tik Tok because I don't"}, {"start": "01:32:16", "end": "01:32:21", "text": "post on Tik Tok. I think I was trying to"}, {"start": "01:32:19", "end": "01:32:23", "text": "like a long time ago, but that might not"}, {"start": "01:32:21", "end": "01:32:24", "text": "be me. So, be very careful on Tik Tok if"}, {"start": "01:32:23", "end": "01:32:27", "text": "you're seeing my content. Same with"}, {"start": "01:32:24", "end": "01:32:28", "text": "Instagram."}, {"start": "01:32:27", "end": "01:32:32", "text": "Be careful because there's probably a"}, {"start": "01:32:28", "end": "01:32:32", "text": "bunch of subscribers."}, {"start": "01:32:32", "end": "01:32:36", "text": "Thanks for the subscribe. Um, how do I"}, {"start": "01:32:34", "end": "01:32:38", "text": "access the risk models? I pin the"}, {"start": "01:32:36", "end": "01:32:41", "text": "comment with a link to our intelligence"}, {"start": "01:32:38", "end": "01:32:42", "text": "system and you can sign up there. It's a"}, {"start": "01:32:41", "end": "01:32:44", "text": "free trial. So like if you don't like"}, {"start": "01:32:42", "end": "01:32:46", "text": "it, just make sure you cancel before"}, {"start": "01:32:44", "end": "01:32:49", "text": "your card is charged. I'm giving"}, {"start": "01:32:46", "end": "01:32:51", "text": "everybody I think it's 7 days right now."}, {"start": "01:32:49", "end": "01:32:54", "text": "If you don't like it, just cancel. You"}, {"start": "01:32:51", "end": "01:32:56", "text": "have opportunity to get in there, look"}, {"start": "01:32:54", "end": "01:32:59", "text": "how everything looks. We're working on"}, {"start": "01:32:56", "end": "01:33:00", "text": "other stuff too right now. Um but just"}, {"start": "01:32:59", "end": "01:33:04", "text": "make sure you you cancel on the system"}, {"start": "01:33:00", "end": "01:33:04", "text": "if you don't like it."}, {"start": "01:33:04", "end": "01:33:08", "text": "All right. Thanks for the feedback with"}, {"start": "01:33:06", "end": "01:33:11", "text": "the live streams, everybody. So,"}, {"start": "01:33:08", "end": "01:33:13", "text": "20-month moving average."}, {"start": "01:33:11", "end": "01:33:15", "text": "Um,"}, {"start": "01:33:13", "end": "01:33:18", "text": "Bitcoin approaching $86,000"}, {"start": "01:33:15", "end": "01:33:20", "text": "right now."}, {"start": "01:33:18", "end": "01:33:22", "text": "If we go and we look at others, I'm"}, {"start": "01:33:20", "end": "01:33:24", "text": "going to be monitoring this very"}, {"start": "01:33:22", "end": "01:33:27", "text": "closely. Um, Bitcoin dominance looks"}, {"start": "01:33:24", "end": "01:33:29", "text": "like it's making a little bit of a move."}, {"start": "01:33:27", "end": "01:33:31", "text": "So, let me actually see. I haven't even"}, {"start": "01:33:29", "end": "01:33:32", "text": "looked at a Bitcoin dominance chart. I"}, {"start": "01:33:31", "end": "01:33:34", "text": "think everybody's anticipating, man,"}, {"start": "01:33:32", "end": "01:33:38", "text": "Bitcoin dominance is about to crash, but"}, {"start": "01:33:34", "end": "01:33:40", "text": "it the leading into bull moves oftent"}, {"start": "01:33:38", "end": "01:33:42", "text": "times"}, {"start": "01:33:40", "end": "01:33:43", "text": "we can see dominance make a strong move"}, {"start": "01:33:42", "end": "01:33:47", "text": "to the upside even if there's going to"}, {"start": "01:33:43", "end": "01:33:48", "text": "be an insane altcoin move. Um, one good"}, {"start": "01:33:47", "end": "01:33:50", "text": "actually"}, {"start": "01:33:48", "end": "01:33:52", "text": "example would be if you remember"}, {"start": "01:33:50", "end": "01:33:53", "text": "November 2020 bull market doors being"}, {"start": "01:33:52", "end": "01:33:56", "text": "broken Bitcoin. Here's September,"}, {"start": "01:33:53", "end": "01:33:58", "text": "October, November. Look at this. This is"}, {"start": "01:33:56", "end": "01:34:01", "text": "others versus Bitcoin. This is altcoins"}, {"start": "01:33:58", "end": "01:34:04", "text": "versus Bitcoin falling. before"}, {"start": "01:34:01", "end": "01:34:06", "text": "absolutely exploding. So, it's a little"}, {"start": "01:34:04", "end": "01:34:08", "text": "bit of a fine line because we don't know"}, {"start": "01:34:06", "end": "01:34:11", "text": "how it will play out. We might have an"}, {"start": "01:34:08", "end": "01:34:14", "text": "altcoin pump first,"}, {"start": "01:34:11", "end": "01:34:16", "text": "similar boom, especially if we are at"}, {"start": "01:34:14", "end": "01:34:19", "text": "this this cycle shift into uh from"}, {"start": "01:34:16", "end": "01:34:21", "text": "contraction into expansion."}, {"start": "01:34:19", "end": "01:34:23", "text": "But with that being said, before an"}, {"start": "01:34:21", "end": "01:34:25", "text": "altcoin move, we might have to see"}, {"start": "01:34:23", "end": "01:34:27", "text": "Bitcoin dominance uh move to the upside."}, {"start": "01:34:25", "end": "01:34:28", "text": "So, it would be kind of fun to just"}, {"start": "01:34:27", "end": "01:34:30", "text": "watch how this continues to progress."}, {"start": "01:34:28", "end": "01:34:32", "text": "the Bitcoin dominance chart. Absolutely"}, {"start": "01:34:30", "end": "01:34:35", "text": "ridiculous. Everybody look at the"}, {"start": "01:34:32", "end": "01:34:35", "text": "sideways"}, {"start": "01:34:36", "end": "01:34:42", "text": "on this chart. We have 59%"}, {"start": "01:34:40", "end": "01:34:45", "text": "in August of 2025"}, {"start": "01:34:42", "end": "01:34:47", "text": "and a year later, over a year later,"}, {"start": "01:34:45", "end": "01:34:50", "text": "same thing. And just in an absolutely"}, {"start": "01:34:47", "end": "01:34:52", "text": "side side sideways"}, {"start": "01:34:50", "end": "01:34:53", "text": "um"}, {"start": "01:34:52", "end": "01:34:55", "text": "crazy."}, {"start": "01:34:53", "end": "01:34:58", "text": "Somebody asked about Cody in the"}, {"start": "01:34:55", "end": "01:35:00", "text": "comments. I just want to say um Cody has"}, {"start": "01:34:58", "end": "01:35:03", "text": "been a client of mine over the years,"}, {"start": "01:35:00", "end": "01:35:06", "text": "Shahaf Barfen."}, {"start": "01:35:03", "end": "01:35:08", "text": "Uh awesome dude, one of my favorite guys"}, {"start": "01:35:06", "end": "01:35:10", "text": "in the crypto space. And because because"}, {"start": "01:35:08", "end": "01:35:14", "text": "they've been a client over the years, I"}, {"start": "01:35:10", "end": "01:35:17", "text": "just kind of stopped covering it. Um"}, {"start": "01:35:14", "end": "01:35:19", "text": "and I just want to say though, just so"}, {"start": "01:35:17", "end": "01:35:23", "text": "bullish on Cody. I'm so bullish on the"}, {"start": "01:35:19", "end": "01:35:25", "text": "Cody team. And um I don't I haven't done"}, {"start": "01:35:23", "end": "01:35:27", "text": "again a lot of price analysis just"}, {"start": "01:35:25", "end": "01:35:29", "text": "because they've been a client, but I"}, {"start": "01:35:27", "end": "01:35:31", "text": "will just mention it. I I saw there was"}, {"start": "01:35:29", "end": "01:35:33", "text": "an AVAC Avalanche headline in terms of"}, {"start": "01:35:31", "end": "01:35:36", "text": "privacy and Cody I think yesterday or"}, {"start": "01:35:33", "end": "01:35:39", "text": "something and it's just awesome"}, {"start": "01:35:36", "end": "01:35:41", "text": "um to see what they've been building."}, {"start": "01:35:39", "end": "01:35:45", "text": "I've watched them personally through the"}, {"start": "01:35:41", "end": "01:35:49", "text": "bear build and hang in there. A lot of"}, {"start": "01:35:45", "end": "01:35:50", "text": "projects didn't hang in there and Cody"}, {"start": "01:35:49", "end": "01:35:53", "text": "after all these years. Yeah, absolutely."}, {"start": "01:35:50", "end": "01:35:55", "text": "I'm I'm incredibly bullish on on Cody as"}, {"start": "01:35:53", "end": "01:35:56", "text": "well as the team. And if you just look"}, {"start": "01:35:55", "end": "01:35:58", "text": "at this chart, I think we even have a"}, {"start": "01:35:56", "end": "01:36:01", "text": "risk model for Cody back there. We go"}, {"start": "01:35:58", "end": "01:36:04", "text": "back into our intelligence system."}, {"start": "01:36:01", "end": "01:36:06", "text": "Yeah, sitting at a 31."}, {"start": "01:36:04", "end": "01:36:09", "text": "Um 80% of the time after one year price"}, {"start": "01:36:06", "end": "01:36:14", "text": "was higher at this risk score. I think a"}, {"start": "01:36:09", "end": "01:36:16", "text": "lot of the the a lot of these models the"}, {"start": "01:36:14", "end": "01:36:18", "text": "you know the percentage might have come"}, {"start": "01:36:16", "end": "01:36:21", "text": "down a little bit because of the"}, {"start": "01:36:18", "end": "01:36:24", "text": "extended bear that we've had. Um I don't"}, {"start": "01:36:21", "end": "01:36:28", "text": "know exactly but I still think when"}, {"start": "01:36:24", "end": "01:36:29", "text": "we're considering risk scores 31 I think"}, {"start": "01:36:28", "end": "01:36:30", "text": "is"}, {"start": "01:36:29", "end": "01:36:32", "text": "and it says right here it's a moderate"}, {"start": "01:36:30", "end": "01:36:34", "text": "buy. But even taking it a step further"}, {"start": "01:36:32", "end": "01:36:35", "text": "which our intelligence system doesn't do"}, {"start": "01:36:34", "end": "01:36:37", "text": "and I'm trying to figure out the best"}, {"start": "01:36:35", "end": "01:36:39", "text": "way to do it. I want to start bringing"}, {"start": "01:36:37", "end": "01:36:42", "text": "into play my business cycle theory,"}, {"start": "01:36:39", "end": "01:36:44", "text": "business cycle data, real data, because"}, {"start": "01:36:42", "end": "01:36:45", "text": "this doesn't account for that. So, when"}, {"start": "01:36:44", "end": "01:36:47", "text": "we're looking at this, this shift that's"}, {"start": "01:36:45", "end": "01:36:49", "text": "happening with something like Cody at a"}, {"start": "01:36:47", "end": "01:36:53", "text": "at a low risk score of 31, it's not"}, {"start": "01:36:49", "end": "01:36:55", "text": "accounting for if we go to the altcoin"}, {"start": "01:36:53", "end": "01:36:56", "text": "market cap chart, it's not accounting"}, {"start": "01:36:55", "end": "01:36:59", "text": "for what's potentially getting ready to"}, {"start": "01:36:56", "end": "01:37:02", "text": "happen here, right? The the expansion."}, {"start": "01:36:59", "end": "01:37:04", "text": "And so, it's hard to do that, but it's"}, {"start": "01:37:02", "end": "01:37:06", "text": "something I keep in mind. The reason"}, {"start": "01:37:04", "end": "01:37:09", "text": "it's hard to kind of infuse that data"}, {"start": "01:37:06", "end": "01:37:10", "text": "into a risk model is just because we can"}, {"start": "01:37:09", "end": "01:37:16", "text": "anticipate the business cycle is going"}, {"start": "01:37:10", "end": "01:37:18", "text": "to expand. But we can't like"}, {"start": "01:37:16", "end": "01:37:21", "text": "can't guarantee it. You know what I'm"}, {"start": "01:37:18", "end": "01:37:22", "text": "saying? And that's the thing. Our risk"}, {"start": "01:37:21", "end": "01:37:24", "text": "models are are built with data that"}, {"start": "01:37:22", "end": "01:37:26", "text": "already exists to say, \"Hey, here's what"}, {"start": "01:37:24", "end": "01:37:28", "text": "happened again.\" And that kind of makes"}, {"start": "01:37:26", "end": "01:37:30", "text": "this current environment low risk or"}, {"start": "01:37:28", "end": "01:37:31", "text": "high risk. So it's hard to integrate"}, {"start": "01:37:30", "end": "01:37:33", "text": "data that's saying, \"Hey, here's what we"}, {"start": "01:37:31", "end": "01:37:36", "text": "think's going to happen.\" uh if that"}, {"start": "01:37:33", "end": "01:37:39", "text": "makes sense. But Cody looking awesome"}, {"start": "01:37:36", "end": "01:37:42", "text": "and Cody Cody team just absolutely"}, {"start": "01:37:39", "end": "01:37:42", "text": "awesome."}, {"start": "01:37:44", "end": "01:37:48", "text": "If Bitcoin keeps pushing higher, you"}, {"start": "01:37:45", "end": "01:37:49", "text": "need to invite Cohen again. I don't"}, {"start": "01:37:48", "end": "01:37:52", "text": "think I don't think Benjamin wants to"}, {"start": "01:37:49", "end": "01:37:53", "text": "come on my channel."}, {"start": "01:37:52", "end": "01:37:55", "text": "Fortunately, I would love to have I"}, {"start": "01:37:53", "end": "01:37:57", "text": "would love to collaborate with that guy"}, {"start": "01:37:55", "end": "01:37:59", "text": "all like through this entire cycle. He'd"}, {"start": "01:37:57", "end": "01:38:01", "text": "had he had the four-ear cycle, I had the"}, {"start": "01:37:59", "end": "01:38:03", "text": "business cycle. I I just wanted to"}, {"start": "01:38:01", "end": "01:38:07", "text": "brainstorm, collaborate. It just wasn't"}, {"start": "01:38:03", "end": "01:38:07", "text": "the vibes, though."}, {"start": "01:38:09", "end": "01:38:12", "text": "Unfortunately,"}, {"start": "01:38:13", "end": "01:38:18", "text": "bro, you're the reason I got to buy in"}, {"start": "01:38:16", "end": "01:38:19", "text": "at the very bottom. All the bare market"}, {"start": "01:38:18", "end": "01:38:23", "text": "losses erase in the first move of this"}, {"start": "01:38:19", "end": "01:38:25", "text": "run. Much love, dude. Appreciate you."}, {"start": "01:38:23", "end": "01:38:27", "text": "It's humbling to read that because I"}, {"start": "01:38:25", "end": "01:38:30", "text": "don't feel like I don't feel like I'm"}, {"start": "01:38:27", "end": "01:38:32", "text": "the reason, but"}, {"start": "01:38:30", "end": "01:38:36", "text": "I absolutely understand what you mean in"}, {"start": "01:38:32", "end": "01:38:38", "text": "terms of like bare market losses erased"}, {"start": "01:38:36", "end": "01:38:43", "text": "so fast because I mean just look at"}, {"start": "01:38:38", "end": "01:38:45", "text": "this. Think about unis swap, right? Like"}, {"start": "01:38:43", "end": "01:38:47", "text": "look at all this range down here. Like"}, {"start": "01:38:45", "end": "01:38:50", "text": "people just accumulating or just waiting"}, {"start": "01:38:47", "end": "01:38:51", "text": "or even down here. Look how fast it can"}, {"start": "01:38:50", "end": "01:38:53", "text": "just all just all of a sudden you're"}, {"start": "01:38:51", "end": "01:38:57", "text": "just in the green, you know, after"}, {"start": "01:38:53", "end": "01:38:59", "text": "years. And that's how crypto it's how"}, {"start": "01:38:57", "end": "01:39:01", "text": "crypto moves. And I think about"}, {"start": "01:38:59", "end": "01:39:03", "text": "something like dog, which dog still"}, {"start": "01:39:01", "end": "01:39:06", "text": "hasn't even made the move, but it's it's"}, {"start": "01:39:03", "end": "01:39:08", "text": "a huge play of mine as many of you know."}, {"start": "01:39:06", "end": "01:39:09", "text": "Um,"}, {"start": "01:39:08", "end": "01:39:12", "text": "but dog, it's like this is a monthly"}, {"start": "01:39:09", "end": "01:39:16", "text": "chart, everybody. And it's like, man,"}, {"start": "01:39:12", "end": "01:39:18", "text": "December 2025, post QT dip starts"}, {"start": "01:39:16", "end": "01:39:21", "text": "accumulating, accumulating,"}, {"start": "01:39:18", "end": "01:39:23", "text": "accumulating, and it's like, oh man, was"}, {"start": "01:39:21", "end": "01:39:26", "text": "this a mistake? Right? And then in one"}, {"start": "01:39:23", "end": "01:39:29", "text": "month, one simple month,"}, {"start": "01:39:26", "end": "01:39:31", "text": "just like that."}, {"start": "01:39:29", "end": "01:39:34", "text": "This is why I've maintained bullishness"}, {"start": "01:39:31", "end": "01:39:36", "text": "because this is how crypto cycles work."}, {"start": "01:39:34", "end": "01:39:38", "text": "And I don't care if it's unpopular. I'm"}, {"start": "01:39:36", "end": "01:39:39", "text": "doing this, you know, I do content to"}, {"start": "01:39:38", "end": "01:39:41", "text": "track my crypto journey, but my"}, {"start": "01:39:39", "end": "01:39:43", "text": "investment and my investment is for it's"}, {"start": "01:39:41", "end": "01:39:44", "text": "for me and my family. It's for God,"}, {"start": "01:39:43", "end": "01:39:47", "text": "number one, and I'm trying to do my"}, {"start": "01:39:44", "end": "01:39:50", "text": "best. And as I create content and track"}, {"start": "01:39:47", "end": "01:39:52", "text": "it, you know, even when I'm when it's"}, {"start": "01:39:50", "end": "01:39:55", "text": "unpopular"}, {"start": "01:39:52", "end": "01:39:57", "text": "going down, my mindset is, man, this"}, {"start": "01:39:55", "end": "01:39:59", "text": "could change in one month because I've"}, {"start": "01:39:57", "end": "01:40:00", "text": "seen that happen over and over every"}, {"start": "01:39:59", "end": "01:40:02", "text": "cycle. That's just how I'm going to"}, {"start": "01:40:00", "end": "01:40:06", "text": "that's how I'm going to play it. That's"}, {"start": "01:40:02", "end": "01:40:10", "text": "how I'm going to position it."}, {"start": "01:40:06", "end": "01:40:15", "text": "Yep. Sailor's back buying. Um,"}, {"start": "01:40:10", "end": "01:40:15", "text": "another headline of the day. Good."}, {"start": "01:40:17", "end": "01:40:22", "text": "Been here with you almost nine years."}, {"start": "01:40:18", "end": "01:40:24", "text": "What a ride, dude. Killer bees. Thanks,"}, {"start": "01:40:22", "end": "01:40:29", "text": "man. I appreciate you. It's been crazy"}, {"start": "01:40:24", "end": "01:40:29", "text": "ride. It really has been."}, {"start": "01:40:32", "end": "01:40:36", "text": "All right, everybody. I'm out. I'll I'm"}, {"start": "01:40:34", "end": "01:40:37", "text": "going to try and do another video later,"}, {"start": "01:40:36", "end": "01:40:40", "text": "but I really do appreciate all the"}, {"start": "01:40:37", "end": "01:40:42", "text": "comments. God loving people, no matter"}, {"start": "01:40:40", "end": "01:40:44", "text": "what you believe in or ones you win."}, {"start": "01:40:42", "end": "01:40:45", "text": "Love it, Dan. If you're not a"}, {"start": "01:40:44", "end": "01:40:48", "text": "subscriber, please subscribe everybody"}, {"start": "01:40:45", "end": "01:40:50", "text": "as I continue to track these markets,"}, {"start": "01:40:48", "end": "01:40:52", "text": "continue to track Bitcoin crypto cycle."}, {"start": "01:40:50", "end": "01:40:55", "text": "Um, we're at a very we're and there's"}, {"start": "01:40:52", "end": "01:40:57", "text": "Bitcoin breaking $86,000. I I just want"}, {"start": "01:40:55", "end": "01:41:00", "text": "to say we are at an incredibly exciting"}, {"start": "01:40:57", "end": "01:41:03", "text": "time right now. And I say that in a very"}, {"start": "01:41:00", "end": "01:41:06", "text": "meaningful way because if you've watched"}, {"start": "01:41:03", "end": "01:41:10", "text": "my channel, my thesis has been this"}, {"start": "01:41:06", "end": "01:41:12", "text": "crypto business cycle thing, right? And"}, {"start": "01:41:10", "end": "01:41:15", "text": "I genuinely think this is the beginning"}, {"start": "01:41:12", "end": "01:41:16", "text": "of a productivity boom that we have not"}, {"start": "01:41:15", "end": "01:41:20", "text": "seen since the 90s. This is what I've"}, {"start": "01:41:16", "end": "01:41:22", "text": "been saying. And if this plays out, this"}, {"start": "01:41:20", "end": "01:41:24", "text": "is an altcoin market cap chart. You see"}, {"start": "01:41:22", "end": "01:41:26", "text": "the structure that all coins are in"}, {"start": "01:41:24", "end": "01:41:27", "text": "right now. Here's kind of a similar"}, {"start": "01:41:26", "end": "01:41:30", "text": "structure last cycle as we got ready to"}, {"start": "01:41:27", "end": "01:41:33", "text": "go into an economic boom. I think we're"}, {"start": "01:41:30", "end": "01:41:35", "text": "going to have a bigger economic boom."}, {"start": "01:41:33", "end": "01:41:37", "text": "I really do. And we have institutional"}, {"start": "01:41:35", "end": "01:41:40", "text": "adoption now. We have clarity now from"}, {"start": "01:41:37", "end": "01:41:42", "text": "the SEC, CFTC. So, if you think about"}, {"start": "01:41:40", "end": "01:41:43", "text": "this in terms of where altcoins are"}, {"start": "01:41:42", "end": "01:41:49", "text": "right now, we're like we're like right"}, {"start": "01:41:43", "end": "01:41:52", "text": "here, right? We're like right here right"}, {"start": "01:41:49", "end": "01:41:54", "text": "now. I genuinely think things are about"}, {"start": "01:41:52", "end": "01:41:57", "text": "to get incredibly exciting and that"}, {"start": "01:41:54", "end": "01:42:00", "text": "doesn't come without risk. That is not"}, {"start": "01:41:57", "end": "01:42:02", "text": "100% certain. Be prepared for downside."}, {"start": "01:42:00", "end": "01:42:05", "text": "Be prepared it all fails. I always do."}, {"start": "01:42:02", "end": "01:42:06", "text": "Be prep like this could happen. I don't"}, {"start": "01:42:05", "end": "01:42:09", "text": "know. So, please balance your risk. But"}, {"start": "01:42:06", "end": "01:42:11", "text": "I'm just saying"}, {"start": "01:42:09", "end": "01:42:13", "text": "this thing is playing out. I know I've"}, {"start": "01:42:11", "end": "01:42:14", "text": "been kind of a little early. It's taken"}, {"start": "01:42:13", "end": "01:42:17", "text": "a lot of patience, but this thing is"}, {"start": "01:42:14", "end": "01:42:18", "text": "playing out exactly as I've envisioned."}, {"start": "01:42:17", "end": "01:42:20", "text": "And I don't know if it's going to"}, {"start": "01:42:18", "end": "01:42:23", "text": "continue or not, but this cycle shift"}, {"start": "01:42:20", "end": "01:42:26", "text": "into expansion is exactly why I've been"}, {"start": "01:42:23", "end": "01:42:29", "text": "so bullish. And so, if you want to track"}, {"start": "01:42:26", "end": "01:42:30", "text": "that story, hit the subscribe on the"}, {"start": "01:42:29", "end": "01:42:33", "text": "channel. It means a lot to me as we grow"}, {"start": "01:42:30", "end": "01:42:35", "text": "this thing into this next cycle. I think"}, {"start": "01:42:33", "end": "01:42:36", "text": "a lot of things are going to change. I"}, {"start": "01:42:35", "end": "01:42:38", "text": "think a lot of it's going to be awesome."}, {"start": "01:42:36", "end": "01:42:40", "text": "And if you got any value from the video,"}, {"start": "01:42:38", "end": "01:42:41", "text": "please hit the like on the way out. Your"}, {"start": "01:42:40", "end": "01:42:44", "text": "support means a lot to me. It helps the"}, {"start": "01:42:41", "end": "01:42:45", "text": "channel. And again, I have the pinned"}, {"start": "01:42:44", "end": "01:42:47", "text": "comment if you want to get in our"}, {"start": "01:42:45", "end": "01:42:49", "text": "intelligence system. Try it out. Um, we"}, {"start": "01:42:47", "end": "01:42:50", "text": "have a free trial going on right now."}, {"start": "01:42:49", "end": "01:42:53", "text": "So, I will see you all in the next"}, {"start": "01:42:50", "end": "01:42:55", "text": "video. Enjoy the gains. Continue to"}, {"start": "01:42:53", "end": "01:43:00", "text": "prepare for the cycle. Manage your risk."}, {"start": "01:42:55", "end": "01:43:00", "text": "Have a good day and God bless."}]

[{"start": "00:00:00", "end": "00:00:06", "text": "Here's a 50week moving average break."}, {"start": "00:00:03", "end": "00:00:10", "text": "January of 2020. So basically everybody"}, {"start": "00:00:06", "end": "00:00:12", "text": "January 2020 on the Bitcoin weekly chart"}, {"start": "00:00:10", "end": "00:00:16", "text": "has triggered every bull move. January"}, {"start": "00:00:12", "end": "00:00:18", "text": "2020 on the altcoin BTC chart. Altcoins"}, {"start": "00:00:16", "end": "00:00:19", "text": "breaking out against Bitcoin in this"}, {"start": "00:00:18", "end": "00:00:22", "text": "trend line almost exactly in January"}, {"start": "00:00:19", "end": "00:00:24", "text": "2020. This is the exact move happening"}, {"start": "00:00:22", "end": "00:00:27", "text": "right now in altcoins versus Bitcoin. Do"}, {"start": "00:00:24", "end": "00:00:28", "text": "you understand how big this is? And it's"}, {"start": "00:00:27", "end": "00:00:29", "text": "not only big because it's a big"}, {"start": "00:00:28", "end": "00:00:33", "text": "indicator. It's big because we just went"}, {"start": "00:00:29", "end": "00:00:36", "text": "through an entire like 5-year cycle of"}, {"start": "00:00:33", "end": "00:00:37", "text": "liquidity extraction and contraction of"}, {"start": "00:00:36", "end": "00:00:39", "text": "the business cycle and that is now"}, {"start": "00:00:37", "end": "00:00:42", "text": "ending and this is triggering what"}, {"start": "00:00:39", "end": "00:00:44", "text": "Bitcoin just did 1 hour ago on this"}, {"start": "00:00:42", "end": "00:00:49", "text": "weekly chart. It has done every single"}, {"start": "00:00:44", "end": "00:00:51", "text": "time that BTC has gone on to a powerful"}, {"start": "00:00:49", "end": "00:00:54", "text": "monumental bull run. Ethereum on the"}, {"start": "00:00:51", "end": "00:00:56", "text": "monthly a very similar story and it's"}, {"start": "00:00:54", "end": "00:01:00", "text": "the others BTC chart. This is altcoins"}, {"start": "00:00:56", "end": "00:01:01", "text": "versus Bitcoin on the weekly chart. This"}, {"start": "00:01:00", "end": "00:01:05", "text": "move right here that you see happening"}, {"start": "00:01:01", "end": "00:01:08", "text": "in real time above this blue trend line."}, {"start": "00:01:05", "end": "00:01:09", "text": "This should have shivers sending down"}, {"start": "00:01:08", "end": "00:01:11", "text": "your spine. I know it's I know it's"}, {"start": "00:01:09", "end": "00:01:13", "text": "clickbait everybody, but it really"}, {"start": "00:01:11", "end": "00:01:16", "text": "should send shivers because you know the"}, {"start": "00:01:13", "end": "00:01:18", "text": "last time a move like this happened it"}, {"start": "00:01:16", "end": "00:01:21", "text": "was back here in January 2020. And when"}, {"start": "00:01:18", "end": "00:01:24", "text": "I start connecting the dots for you in"}, {"start": "00:01:21", "end": "00:01:27", "text": "terms of what is January 2020 when it"}, {"start": "00:01:24", "end": "00:01:29", "text": "comes to Bitcoin closing above this blue"}, {"start": "00:01:27", "end": "00:01:30", "text": "line, the 50week moving average on the"}, {"start": "00:01:29", "end": "00:01:33", "text": "weekly, what what does that mean for"}, {"start": "00:01:30", "end": "00:01:34", "text": "altcoins? Wait until I show you this"}, {"start": "00:01:33", "end": "00:01:35", "text": "chart. And I'm going to go through a"}, {"start": "00:01:34", "end": "00:01:38", "text": "bunch of altcoins because there is a"}, {"start": "00:01:35", "end": "00:01:41", "text": "very big mistake that I think a lot of"}, {"start": "00:01:38", "end": "00:01:44", "text": "you might be thinking about making even"}, {"start": "00:01:41", "end": "00:01:45", "text": "now or in this current upcoming bull"}, {"start": "00:01:44", "end": "00:01:47", "text": "cycle. So, I want to go over that with"}, {"start": "00:01:45", "end": "00:01:48", "text": "you as well. But I want to start on"}, {"start": "00:01:47", "end": "00:01:49", "text": "Bitcoin on this weekly and then we're"}, {"start": "00:01:48", "end": "00:01:51", "text": "going to look at Ethereum on the"}, {"start": "00:01:49", "end": "00:01:53", "text": "monthly. These charts are ridiculous,"}, {"start": "00:01:51", "end": "00:01:56", "text": "everybody. I've been I've been just"}, {"start": "00:01:53", "end": "00:02:00", "text": "waiting patiently through an insanely"}, {"start": "00:01:56", "end": "00:02:01", "text": "compressed contracted business cycle. As"}, {"start": "00:02:00", "end": "00:02:04", "text": "you know, this is something I track"}, {"start": "00:02:01", "end": "00:02:06", "text": "heavily and we are in the middle of an"}, {"start": "00:02:04", "end": "00:02:09", "text": "absolute massive shift out of a 5-year"}, {"start": "00:02:06", "end": "00:02:10", "text": "bare market into a bull market. I saw"}, {"start": "00:02:09", "end": "00:02:13", "text": "this post over here from Psychedelic"}, {"start": "00:02:10", "end": "00:02:14", "text": "over on X. There's one hour 45 minutes"}, {"start": "00:02:13", "end": "00:02:16", "text": "until the weekly close. And as things"}, {"start": "00:02:14", "end": "00:02:19", "text": "stand without some big liquidation drop,"}, {"start": "00:02:16", "end": "00:02:22", "text": "the 50 SMA is going to be reclaimed"}, {"start": "00:02:19", "end": "00:02:26", "text": "every single time without fail. When the"}, {"start": "00:02:22", "end": "00:02:28", "text": "50 SMA has reclaimed has been reclaimed,"}, {"start": "00:02:26", "end": "00:02:30", "text": "it has marked the start of Bitcoin's"}, {"start": "00:02:28", "end": "00:02:32", "text": "largest pushes. So, if we go over here,"}, {"start": "00:02:30", "end": "00:02:35", "text": "here's the 50WE. This is the close that"}, {"start": "00:02:32", "end": "00:02:36", "text": "just happened. It was reclaimed. as he's"}, {"start": "00:02:35", "end": "00:02:38", "text": "saying and I think he mentioned at the"}, {"start": "00:02:36", "end": "00:02:41", "text": "bottom of the post it doesn't mean it's"}, {"start": "00:02:38", "end": "00:02:42", "text": "going to happen again but when something"}, {"start": "00:02:41", "end": "00:02:45", "text": "like this happens for something that's"}, {"start": "00:02:42", "end": "00:02:48", "text": "been trading as long as Bitcoin and it"}, {"start": "00:02:45", "end": "00:02:49", "text": "has preceded every bull move it you just"}, {"start": "00:02:48", "end": "00:02:52", "text": "have to pay attention to it you really"}, {"start": "00:02:49", "end": "00:02:54", "text": "do it is not a guarantee of anything I"}, {"start": "00:02:52", "end": "00:02:56", "text": "want to say that but what I really want"}, {"start": "00:02:54", "end": "00:02:58", "text": "to do and this gets very exciting as"}, {"start": "00:02:56", "end": "00:03:00", "text": "this starts to translate across to"}, {"start": "00:02:58", "end": "00:03:02", "text": "Ethereum and to the altcoin charts I'm"}, {"start": "00:03:00", "end": "00:03:04", "text": "telling you you want to see what I'm"}, {"start": "00:03:02", "end": "00:03:06", "text": "about to show you but I just want to"}, {"start": "00:03:04", "end": "00:03:07", "text": "show you one thing. And and by the way,"}, {"start": "00:03:06", "end": "00:03:11", "text": "I like that he I don't know if he did"}, {"start": "00:03:07", "end": "00:03:13", "text": "this per on purpose, but he said it has"}, {"start": "00:03:11", "end": "00:03:16", "text": "marked the start of Bitcoin's largest"}, {"start": "00:03:13", "end": "00:03:18", "text": "pushes. He didn't say bull runs. And I"}, {"start": "00:03:16", "end": "00:03:20", "text": "want to explain that. I don't know if"}, {"start": "00:03:18", "end": "00:03:21", "text": "this is why he did it, but I'm happy he"}, {"start": "00:03:20", "end": "00:03:23", "text": "said it that way because you can see"}, {"start": "00:03:21", "end": "00:03:26", "text": "here's one of those times 50week moving"}, {"start": "00:03:23", "end": "00:03:28", "text": "average being broken. And there's a"}, {"start": "00:03:26", "end": "00:03:31", "text": "push. There's an absolutely massive"}, {"start": "00:03:28", "end": "00:03:33", "text": "push. What I've been saying is this has"}, {"start": "00:03:31", "end": "00:03:36", "text": "not even been really the the ultimate"}, {"start": "00:03:33", "end": "00:03:37", "text": "bull market for Bitcoin. And many people"}, {"start": "00:03:36", "end": "00:03:40", "text": "disagree with that and that is fine. But"}, {"start": "00:03:37", "end": "00:03:42", "text": "this entire push happened within an"}, {"start": "00:03:40", "end": "00:03:44", "text": "entire contracted business cycle and"}, {"start": "00:03:42", "end": "00:03:47", "text": "also record-breaking uh liquidity"}, {"start": "00:03:44", "end": "00:03:48", "text": "extraction. That is the the red box that"}, {"start": "00:03:47", "end": "00:03:50", "text": "is quantitative tightening. The second"}, {"start": "00:03:48", "end": "00:03:52", "text": "time ever we've seen quantitative"}, {"start": "00:03:50", "end": "00:03:54", "text": "tightening. Bitcoin did that because of"}, {"start": "00:03:52", "end": "00:03:57", "text": "ETF inflows, because of a bullish"}, {"start": "00:03:54", "end": "00:04:00", "text": "administration. But the bull market that"}, {"start": "00:03:57", "end": "00:04:01", "text": "we really want to see Bitcoin in has not"}, {"start": "00:04:00", "end": "00:04:03", "text": "happened yet. And that's that's what is"}, {"start": "00:04:01", "end": "00:04:05", "text": "getting ready to happen. But there's a"}, {"start": "00:04:03", "end": "00:04:07", "text": "50week moving average. But what I want"}, {"start": "00:04:05", "end": "00:04:10", "text": "to draw to your attention is is this"}, {"start": "00:04:07", "end": "00:04:12", "text": "one. It's this 50week moving average."}, {"start": "00:04:10", "end": "00:04:13", "text": "And I probably should zoom out zoom in"}, {"start": "00:04:12", "end": "00:04:14", "text": "on the chart so you can see this a"}, {"start": "00:04:13", "end": "00:04:16", "text": "little bit better because things get a"}, {"start": "00:04:14", "end": "00:04:21", "text": "little crazy here. Here's a 50week"}, {"start": "00:04:16", "end": "00:04:23", "text": "moving average break January of 2020. So"}, {"start": "00:04:21", "end": "00:04:26", "text": "basically everybody January 2020 on the"}, {"start": "00:04:23", "end": "00:04:30", "text": "Bitcoin weekly chart has triggered every"}, {"start": "00:04:26", "end": "00:04:33", "text": "bull move. January 2020 on the altcoin"}, {"start": "00:04:30", "end": "00:04:34", "text": "BTC chart altcoins breaking out against"}, {"start": "00:04:33", "end": "00:04:37", "text": "Bitcoin in this trend line almost"}, {"start": "00:04:34", "end": "00:04:39", "text": "exactly in January 2020. This is the"}, {"start": "00:04:37", "end": "00:04:40", "text": "exact move happening right now on"}, {"start": "00:04:39", "end": "00:04:43", "text": "altcoins versus Bitcoin. Do you"}, {"start": "00:04:40", "end": "00:04:44", "text": "understand how big this is? And it's not"}, {"start": "00:04:43", "end": "00:04:46", "text": "only big because it's a big indicator."}, {"start": "00:04:44", "end": "00:04:50", "text": "It's big because we just went through an"}, {"start": "00:04:46", "end": "00:04:52", "text": "entire like 5-year cycle of liquidity"}, {"start": "00:04:50", "end": "00:04:54", "text": "extraction and contraction of the"}, {"start": "00:04:52", "end": "00:04:56", "text": "business cycle and that is now ending"}, {"start": "00:04:54", "end": "00:04:58", "text": "and this is triggering. This is huge."}, {"start": "00:04:56", "end": "00:05:00", "text": "With that being said, I want to digress"}, {"start": "00:04:58", "end": "00:05:02", "text": "back to the Bitcoin chart because we're"}, {"start": "00:05:00", "end": "00:05:05", "text": "going to get over to this altcoin chart"}, {"start": "00:05:02", "end": "00:05:07", "text": "in a minute. But January 2020, here's"}, {"start": "00:05:05", "end": "00:05:10", "text": "where things get a little a little"}, {"start": "00:05:07", "end": "00:05:11", "text": "crazy. You notice we broke above it. And"}, {"start": "00:05:10", "end": "00:05:13", "text": "you might be thinking, well, look, there"}, {"start": "00:05:11", "end": "00:05:15", "text": "was still a big dip. And this is I was"}, {"start": "00:05:13", "end": "00:05:17", "text": "it's crazy cuz I was talking to my wife"}, {"start": "00:05:15", "end": "00:05:19", "text": "today."}, {"start": "00:05:17", "end": "00:05:22", "text": "I think it was today."}, {"start": "00:05:19", "end": "00:05:24", "text": "there seem there there's this feeling in"}, {"start": "00:05:22", "end": "00:05:27", "text": "the air and I don't know if it's because"}, {"start": "00:05:24", "end": "00:05:31", "text": "we are in a cycle shift"}, {"start": "00:05:27", "end": "00:05:34", "text": "similar to 19 into 2020"}, {"start": "00:05:31", "end": "00:05:37", "text": "and co did happen but there's this this"}, {"start": "00:05:34", "end": "00:05:39", "text": "feeling in the air like there needs"}, {"start": "00:05:37", "end": "00:05:42", "text": "there not needs to be a black swan event"}, {"start": "00:05:39", "end": "00:05:44", "text": "but there's going to be because look"}, {"start": "00:05:42", "end": "00:05:45", "text": "bitcoin did break the 50we and it was an"}, {"start": "00:05:44", "end": "00:05:48", "text": "absolute bull move this was the end of"}, {"start": "00:05:45", "end": "00:05:50", "text": "QT there's the post QT dip right QT"}, {"start": "00:05:48", "end": "00:05:53", "text": "ended end of July of 2019. Absolutely."}, {"start": "00:05:50", "end": "00:05:55", "text": "Just crazy indicator being it was the"}, {"start": "00:05:53", "end": "00:05:57", "text": "only quantitative tightening we've ever"}, {"start": "00:05:55", "end": "00:05:59", "text": "had. It was the first one ever. Post QT"}, {"start": "00:05:57", "end": "00:06:01", "text": "dip. We start coming out of it similar"}, {"start": "00:05:59", "end": "00:06:03", "text": "to right now in this very moment. We're"}, {"start": "00:06:01", "end": "00:06:05", "text": "coming out of the post QT dip. As I've"}, {"start": "00:06:03", "end": "00:06:08", "text": "been saying all year long, anticipate"}, {"start": "00:06:05", "end": "00:06:10", "text": "the postQT dip, the normalization phase,"}, {"start": "00:06:08", "end": "00:06:11", "text": "and then we can expand. And this is"}, {"start": "00:06:10", "end": "00:06:13", "text": "what's happening now. But it's what"}, {"start": "00:06:11", "end": "00:06:16", "text": "happened back here in 2020. And then"}, {"start": "00:06:13", "end": "00:06:17", "text": "just weeks later, boom. The reason I'm"}, {"start": "00:06:16", "end": "00:06:19", "text": "saying this is a weird feeling is"}, {"start": "00:06:17", "end": "00:06:21", "text": "because everything going on with oil"}, {"start": "00:06:19", "end": "00:06:24", "text": "right now, there seems to be some type"}, {"start": "00:06:21", "end": "00:06:26", "text": "of stressor that is boiling with oil."}, {"start": "00:06:24", "end": "00:06:29", "text": "And I don't know, maybe it will just"}, {"start": "00:06:26", "end": "00:06:31", "text": "fade away in in a in a couple days or a"}, {"start": "00:06:29", "end": "00:06:34", "text": "couple of weeks. But if this snows"}, {"start": "00:06:31", "end": "00:06:36", "text": "snowballs into something crazy, do we"}, {"start": "00:06:34", "end": "00:06:39", "text": "have another black swan event? Either"}, {"start": "00:06:36", "end": "00:06:41", "text": "way, I'm telling myself it may or may"}, {"start": "00:06:39", "end": "00:06:44", "text": "not happen, but either way, it's time to"}, {"start": "00:06:41", "end": "00:06:47", "text": "lock in for just ultimate the ultimate"}, {"start": "00:06:44", "end": "00:06:48", "text": "shift out of just contraction into"}, {"start": "00:06:47", "end": "00:06:50", "text": "expansion. I don't know exactly what"}, {"start": "00:06:48", "end": "00:06:53", "text": "that looks like, but there's that time"}, {"start": "00:06:50", "end": "00:06:54", "text": "in in January of 2020, uh, Bitcoin"}, {"start": "00:06:53", "end": "00:06:56", "text": "breaking above the 50we. And also, here"}, {"start": "00:06:54", "end": "00:06:59", "text": "it is coming out of the co low in April"}, {"start": "00:06:56", "end": "00:07:01", "text": "2020, not long after. There's the 50we"}, {"start": "00:06:59", "end": "00:07:06", "text": "being broken. Here's the 50we being"}, {"start": "00:07:01", "end": "00:07:08", "text": "broken in April of 2019. If we go back,"}, {"start": "00:07:06", "end": "00:07:12", "text": "here's the 50we being broken in October"}, {"start": "00:07:08", "end": "00:07:14", "text": "of 2015. And you can go back here is"}, {"start": "00:07:12", "end": "00:07:16", "text": "it's not the 50we being broken, but if"}, {"start": "00:07:14", "end": "00:07:18", "text": "you can see this 50we, it was a brand"}, {"start": "00:07:16", "end": "00:07:22", "text": "new chart 2012. You can see if you just"}, {"start": "00:07:18", "end": "00:07:24", "text": "like pull it over basically June 2012 or"}, {"start": "00:07:22", "end": "00:07:26", "text": "so, that was a moment where that 50we is"}, {"start": "00:07:24", "end": "00:07:30", "text": "being broken. Every time the 50we is"}, {"start": "00:07:26", "end": "00:07:32", "text": "broken, it leads to a monumental bull"}, {"start": "00:07:30", "end": "00:07:35", "text": "move. And the last significant time that"}, {"start": "00:07:32", "end": "00:07:38", "text": "we have to compare to is most certainly"}, {"start": "00:07:35", "end": "00:07:40", "text": "January of 2020 because right now"}, {"start": "00:07:38", "end": "00:07:43", "text": "Bitcoin just broke and confirmed above"}, {"start": "00:07:40", "end": "00:07:45", "text": "the 50we moving average. It happened in"}, {"start": "00:07:43", "end": "00:07:47", "text": "January of 2020. And the reason it's"}, {"start": "00:07:45", "end": "00:07:50", "text": "significant is because that was the end"}, {"start": "00:07:47", "end": "00:07:52", "text": "of the postQT dip, the normalization"}, {"start": "00:07:50", "end": "00:07:54", "text": "phase. Bitcoin bounced out of it. And"}, {"start": "00:07:52", "end": "00:07:56", "text": "right now we are in the end of the"}, {"start": "00:07:54", "end": "00:07:58", "text": "normalization phase, the postQT dip."}, {"start": "00:07:56", "end": "00:08:00", "text": "Bitcoin bounced out of it in June. It's"}, {"start": "00:07:58", "end": "00:08:03", "text": "what we've talked about just non-stop on"}, {"start": "00:08:00", "end": "00:08:06", "text": "this year at this year at the confluence"}, {"start": "00:08:03", "end": "00:08:08", "text": "of this business cycle. And so I'm going"}, {"start": "00:08:06", "end": "00:08:10", "text": "to pivot to altcoins now. And the"}, {"start": "00:08:08", "end": "00:08:12", "text": "warning I'm going to go over with you, I"}, {"start": "00:08:10", "end": "00:08:16", "text": "want to bring up a Cardano chart, XRP,"}, {"start": "00:08:12", "end": "00:08:18", "text": "Algo, Ono, Sui, AVAX, Uniswap, Dog. I'm"}, {"start": "00:08:16", "end": "00:08:20", "text": "going to go through a lot of these"}, {"start": "00:08:18", "end": "00:08:21", "text": "charts and I'll put timestamps. I'm not"}, {"start": "00:08:20", "end": "00:08:23", "text": "going to spend a ton of time on each,"}, {"start": "00:08:21", "end": "00:08:24", "text": "but there's a huge point I need to make"}, {"start": "00:08:23", "end": "00:08:26", "text": "to every holder out there. Even if you"}, {"start": "00:08:24", "end": "00:08:30", "text": "don't hold any of these, the point"}, {"start": "00:08:26", "end": "00:08:32", "text": "applies to you. others BTC everybody I"}, {"start": "00:08:30", "end": "00:08:35", "text": "can't believe this is breaking out I"}, {"start": "00:08:32", "end": "00:08:38", "text": "want to say and I'll echo I'm I'm I'm"}, {"start": "00:08:35", "end": "00:08:42", "text": "quite sure somewhere in this post"}, {"start": "00:08:38", "end": "00:08:43", "text": "um psychedelic in his post he did none"}, {"start": "00:08:42", "end": "00:08:45", "text": "of this means that this time cannot be"}, {"start": "00:08:43", "end": "00:08:47", "text": "different things can always happen for"}, {"start": "00:08:45", "end": "00:08:50", "text": "the first time so I want to I just want"}, {"start": "00:08:47", "end": "00:08:53", "text": "to reiterate that as I do this but this"}, {"start": "00:08:50", "end": "00:08:55", "text": "is a very big signal right and to be"}, {"start": "00:08:53", "end": "00:08:58", "text": "fair this might fall back into the apex"}, {"start": "00:08:55", "end": "00:09:01", "text": "be very mindful of that. But everybody"}, {"start": "00:08:58", "end": "00:09:04", "text": "after like 2022 high back here in"}, {"start": "00:09:01", "end": "00:09:06", "text": "January, okay, we're almost at January"}, {"start": "00:09:04", "end": "00:09:08", "text": "of 2027. Do you realize that's almost 5"}, {"start": "00:09:06", "end": "00:09:11", "text": "years?"}, {"start": "00:09:08", "end": "00:09:12", "text": "All coins, Bitcoin, all coins versus"}, {"start": "00:09:11", "end": "00:09:15", "text": "Bitcoin. This is breaking above that"}, {"start": "00:09:12", "end": "00:09:19", "text": "trend line. And the last time it"}, {"start": "00:09:15", "end": "00:09:22", "text": "happened was 2020 in January when"}, {"start": "00:09:19", "end": "00:09:24", "text": "Bitcoin was doing the same exact signal."}, {"start": "00:09:22", "end": "00:09:27", "text": "So what we have to cons, you know,"}, {"start": "00:09:24", "end": "00:09:28", "text": "consider is similar to what we had to"}, {"start": "00:09:27", "end": "00:09:30", "text": "consider back here. There was a 200WE"}, {"start": "00:09:28", "end": "00:09:34", "text": "moving average very close to where that"}, {"start": "00:09:30", "end": "00:09:36", "text": "breakout was. Boom. Right. The 200WE"}, {"start": "00:09:34", "end": "00:09:38", "text": "moving average is up here. So it's a"}, {"start": "00:09:36", "end": "00:09:40", "text": "it's a more significant move for all"}, {"start": "00:09:38", "end": "00:09:42", "text": "coins at this moment. That's the that's"}, {"start": "00:09:40", "end": "00:09:43", "text": "the line that we really want to break."}, {"start": "00:09:42", "end": "00:09:46", "text": "This is when the fund really starts."}, {"start": "00:09:43", "end": "00:09:48", "text": "It's a 20% move away for where altcoins"}, {"start": "00:09:46", "end": "00:09:49", "text": "versus Bitcoin is right now, but that's"}, {"start": "00:09:48", "end": "00:09:51", "text": "kind of that next target that we have to"}, {"start": "00:09:49", "end": "00:09:53", "text": "monitor. I don't know if it will get"}, {"start": "00:09:51", "end": "00:09:55", "text": "there anytime soon or not, but I think a"}, {"start": "00:09:53", "end": "00:09:58", "text": "lot of a lot of it has to do with kind"}, {"start": "00:09:55", "end": "00:10:00", "text": "of this the shorter term events that"}, {"start": "00:09:58", "end": "00:10:02", "text": "have been going on, whether it is"}, {"start": "00:10:00", "end": "00:10:04", "text": "Clarity Act and whether it is the war"}, {"start": "00:10:02", "end": "00:10:06", "text": "and oil prices and all of that. A lot of"}, {"start": "00:10:04", "end": "00:10:07", "text": "it does have to do with that, but that's"}, {"start": "00:10:06", "end": "00:10:09", "text": "the next area on this chart that I'm"}, {"start": "00:10:07", "end": "00:10:12", "text": "monitoring. But now we start talking"}, {"start": "00:10:09", "end": "00:10:14", "text": "about really the move, right? If this"}, {"start": "00:10:12", "end": "00:10:16", "text": "happens, and there can be, and I"}, {"start": "00:10:14", "end": "00:10:19", "text": "shouldn't say can be, there most likely"}, {"start": "00:10:16", "end": "00:10:21", "text": "will be insane volatility. I mean, we"}, {"start": "00:10:19", "end": "00:10:24", "text": "got the move out of that trend line back"}, {"start": "00:10:21", "end": "00:10:26", "text": "here. Just absolute crash, right? And by"}, {"start": "00:10:24", "end": "00:10:28", "text": "the way, this is what the altcoin versus"}, {"start": "00:10:26", "end": "00:10:30", "text": "Bitcoin chart looked like during COVID."}, {"start": "00:10:28", "end": "00:10:32", "text": "Big pullback, held support at the trend"}, {"start": "00:10:30", "end": "00:10:35", "text": "line at these moving averages, and then"}, {"start": "00:10:32", "end": "00:10:37", "text": "continued in a bull. And here's where we"}, {"start": "00:10:35", "end": "00:10:40", "text": "are right now. There there's no telling"}, {"start": "00:10:37", "end": "00:10:43", "text": "what lies in store for us, what events"}, {"start": "00:10:40", "end": "00:10:44", "text": "lie in store for us, bullish or bearish,"}, {"start": "00:10:43", "end": "00:10:48", "text": "in terms of how this is going to move."}, {"start": "00:10:44", "end": "00:10:51", "text": "But we have real key data backing these"}, {"start": "00:10:48", "end": "00:10:53", "text": "charts. And we have, in my opinion,"}, {"start": "00:10:51", "end": "00:10:56", "text": "incredibly solid data to at the very"}, {"start": "00:10:53", "end": "00:10:58", "text": "least anticipate everybody, we might be"}, {"start": "00:10:56", "end": "00:10:59", "text": "at a cycle shift. I know I've been"}, {"start": "00:10:58", "end": "00:11:01", "text": "saying it for so long. I I've been"}, {"start": "00:10:59", "end": "00:11:03", "text": "saying altcoins look really good for so"}, {"start": "00:11:01", "end": "00:11:05", "text": "long, but just look at how long we've"}, {"start": "00:11:03", "end": "00:11:07", "text": "been sideways basically versus Bitcoin"}, {"start": "00:11:05", "end": "00:11:11", "text": "on this other's BTC chart. This right"}, {"start": "00:11:07", "end": "00:11:12", "text": "here is March of 2025."}, {"start": "00:11:11", "end": "00:11:15", "text": "So,"}, {"start": "00:11:12", "end": "00:11:17", "text": "this is this is going back quite a quite"}, {"start": "00:11:15", "end": "00:11:18", "text": "a good amount of time. I want to go to"}, {"start": "00:11:17", "end": "00:11:20", "text": "Ethereum, then I want to talk about the"}, {"start": "00:11:18", "end": "00:11:22", "text": "warning on all these coins. And it's"}, {"start": "00:11:20", "end": "00:11:23", "text": "it's a good warning. It's a friendly"}, {"start": "00:11:22", "end": "00:11:26", "text": "warning."}, {"start": "00:11:23", "end": "00:11:27", "text": "This Ethereum chart is very exciting."}, {"start": "00:11:26", "end": "00:11:29", "text": "Not just because it's like, all right,"}, {"start": "00:11:27", "end": "00:11:30", "text": "Ethereum's above this 20 month, man. We"}, {"start": "00:11:29", "end": "00:11:32", "text": "broke I feel like we were just talking"}, {"start": "00:11:30", "end": "00:11:34", "text": "about getting above this channel, the"}, {"start": "00:11:32", "end": "00:11:37", "text": "50-month, the 20-month. Well, we're"}, {"start": "00:11:34", "end": "00:11:38", "text": "above the 20-month moving average. And I"}, {"start": "00:11:37", "end": "00:11:40", "text": "want to point out to you the last time"}, {"start": "00:11:38", "end": "00:11:43", "text": "it happened like s with significant"}, {"start": "00:11:40", "end": "00:11:46", "text": "upside was back here where it was below"}, {"start": "00:11:43", "end": "00:11:49", "text": "it was seeing support at the 50 and it"}, {"start": "00:11:46", "end": "00:11:54", "text": "broke above the 20 right here. We got"}, {"start": "00:11:49", "end": "00:11:56", "text": "177% gains or so and besides that moment"}, {"start": "00:11:54", "end": "00:12:00", "text": "the significant moment that we I think"}, {"start": "00:11:56", "end": "00:12:02", "text": "would want to compare this time to it's"}, {"start": "00:12:00", "end": "00:12:05", "text": "not in the middle of you know when"}, {"start": "00:12:02", "end": "00:12:07", "text": "quantitative tightening was happening."}, {"start": "00:12:05", "end": "00:12:11", "text": "It's not in the middle of contraction of"}, {"start": "00:12:07", "end": "00:12:14", "text": "the business cycle. It's when did this"}, {"start": "00:12:11", "end": "00:12:16", "text": "last happen? When QT just ended, which"}, {"start": "00:12:14", "end": "00:12:19", "text": "was back here, by the way. This is the"}, {"start": "00:12:16", "end": "00:12:22", "text": "last time QT ended besides right here."}, {"start": "00:12:19", "end": "00:12:23", "text": "There's the post QT normalization dip."}, {"start": "00:12:22", "end": "00:12:25", "text": "Here's Ethereum coming out of the dip"}, {"start": "00:12:23", "end": "00:12:27", "text": "and breaking the 20-month moving"}, {"start": "00:12:25", "end": "00:12:29", "text": "average. And it was also right at the"}, {"start": "00:12:27", "end": "00:12:31", "text": "turning point of the business cycle."}, {"start": "00:12:29", "end": "00:12:33", "text": "That's the moment we want to compare"}, {"start": "00:12:31", "end": "00:12:35", "text": "Ethereum and all coins to right now."}, {"start": "00:12:33", "end": "00:12:37", "text": "It's not right here. The technical"}, {"start": "00:12:35", "end": "00:12:38", "text": "indicator is the same for sure and it"}, {"start": "00:12:37", "end": "00:12:41", "text": "turned out bullish even then the"}, {"start": "00:12:38", "end": "00:12:43", "text": "20-month being broken but the more"}, {"start": "00:12:41", "end": "00:12:46", "text": "powerful indicator is taking yeah the 20"}, {"start": "00:12:43", "end": "00:12:49", "text": "month being broken right now but we're"}, {"start": "00:12:46", "end": "00:12:51", "text": "also in a similar macro environment not"}, {"start": "00:12:49", "end": "00:12:54", "text": "in the middle of quantitative tightening"}, {"start": "00:12:51", "end": "00:12:56", "text": "not in the middle of just just crazy"}, {"start": "00:12:54", "end": "00:12:57", "text": "contraction of the business cycle we're"}, {"start": "00:12:56", "end": "00:12:58", "text": "at the turning point and that's the"}, {"start": "00:12:57", "end": "00:13:01", "text": "moment this is happening and and"}, {"start": "00:12:58", "end": "00:13:04", "text": "Ethereum went on to 2600% gains or so"}, {"start": "00:13:01", "end": "00:13:06", "text": "when we had that moment I'm not sitting"}, {"start": "00:13:04", "end": "00:13:09", "text": "here saying Ethereum is about to see"}, {"start": "00:13:06", "end": "00:13:12", "text": "2600% gains, right? That would be uh"}, {"start": "00:13:09", "end": "00:13:14", "text": "70ome thousand Ethereum. We know there's"}, {"start": "00:13:12", "end": "00:13:16", "text": "kind of diminishing returns across these"}, {"start": "00:13:14", "end": "00:13:18", "text": "cycles, but there is so much in play in"}, {"start": "00:13:16", "end": "00:13:21", "text": "terms of upside. Do you understand how"}, {"start": "00:13:18", "end": "00:13:23", "text": "much capital and innovation Ethereum"}, {"start": "00:13:21", "end": "00:13:26", "text": "alone is is is capturing or getting"}, {"start": "00:13:23", "end": "00:13:29", "text": "ready to even capture after just five"}, {"start": "00:13:26", "end": "00:13:31", "text": "years of sideways."}, {"start": "00:13:29", "end": "00:13:34", "text": "The upside for Ethereum is incredible."}, {"start": "00:13:31", "end": "00:13:36", "text": "And so the upside for all coins"}, {"start": "00:13:34", "end": "00:13:39", "text": "because this is how kind of the risk"}, {"start": "00:13:36", "end": "00:13:40", "text": "curve works and valuations work. The"}, {"start": "00:13:39", "end": "00:13:43", "text": "upside for all coins even more"}, {"start": "00:13:40", "end": "00:13:46", "text": "incredible. So I want to show you"}, {"start": "00:13:43", "end": "00:13:49", "text": "something on all coins. Here's ADA 64%"}, {"start": "00:13:46", "end": "00:13:50", "text": "since June like what June lows June lows"}, {"start": "00:13:49", "end": "00:13:53", "text": "64%."}, {"start": "00:13:50", "end": "00:14:00", "text": "XRP 40 it's up a little bit now but you"}, {"start": "00:13:53", "end": "00:14:06", "text": "know 45%. Algo around 45%. Ono 46%."}, {"start": "00:14:00", "end": "00:14:06", "text": "Sweet uh 40 right around 45%."}, {"start": "00:14:06", "end": "00:14:09", "text": "You might be like, \"All right, I mean at"}, {"start": "00:14:07", "end": "00:14:12", "text": "least it's escaping the bottom. That's"}, {"start": "00:14:09", "end": "00:14:16", "text": "not crazy significant.\" Okay, and it's"}, {"start": "00:14:12", "end": "00:14:18", "text": "here's the warning. Avac 99% and"}, {"start": "00:14:16", "end": "00:14:22", "text": "actually pumping right now. Okay,"}, {"start": "00:14:18", "end": "00:14:26", "text": "raising eyebrows. UniS swap up to 275%."}, {"start": "00:14:22", "end": "00:14:27", "text": "Even dog 104%."}, {"start": "00:14:26", "end": "00:14:28", "text": "I want to I want to explain something. I"}, {"start": "00:14:27", "end": "00:14:30", "text": "know this is a big shift to the"}, {"start": "00:14:28", "end": "00:14:32", "text": "technical analysis we just we just did,"}, {"start": "00:14:30", "end": "00:14:34", "text": "but I want to infuse into this analysis"}, {"start": "00:14:32", "end": "00:14:37", "text": "a mental thing that I'm going to just be"}, {"start": "00:14:34", "end": "00:14:41", "text": "non-stop about in so many of my videos"}, {"start": "00:14:37", "end": "00:14:43", "text": "now at at this cycle shift. Do not and"}, {"start": "00:14:41", "end": "00:14:46", "text": "this isn't financial advice as much as"}, {"start": "00:14:43", "end": "00:14:49", "text": "me be I'm trying to reflect to you the"}, {"start": "00:14:46", "end": "00:14:50", "text": "voice in my own head that I've learned"}, {"start": "00:14:49", "end": "00:14:53", "text": "over the cycles because this is how I"}, {"start": "00:14:50", "end": "00:14:56", "text": "see crypto. That's all I'm sharing with"}, {"start": "00:14:53", "end": "00:14:59", "text": "you. That's what my analysis is. Do not"}, {"start": "00:14:56", "end": "00:15:01", "text": "chase other coins"}, {"start": "00:14:59", "end": "00:15:02", "text": "because they're going crazy with really"}, {"start": "00:15:01", "end": "00:15:06", "text": "good narratives maybe in the moment,"}, {"start": "00:15:02", "end": "00:15:08", "text": "really good story. Uniswap"}, {"start": "00:15:06", "end": "00:15:10", "text": "has a really good story, really good"}, {"start": "00:15:08", "end": "00:15:12", "text": "tokconomics in terms of in terms of the"}, {"start": "00:15:10", "end": "00:15:14", "text": "coin itself and stuff and it's pumping."}, {"start": "00:15:12", "end": "00:15:16", "text": "It broke out of this range in August,"}, {"start": "00:15:14", "end": "00:15:19", "text": "mid August, this range that many"}, {"start": "00:15:16", "end": "00:15:21", "text": "altcoins seem stuck in right now. Be so"}, {"start": "00:15:19", "end": "00:15:24", "text": "careful to leave those boring coins and"}, {"start": "00:15:21", "end": "00:15:26", "text": "chase pumps. And this is this is a"}, {"start": "00:15:24", "end": "00:15:27", "text": "warning this week, but it could be two"}, {"start": "00:15:26", "end": "00:15:30", "text": "two months in the road down the road. It"}, {"start": "00:15:27", "end": "00:15:32", "text": "could be five months into the bull. This"}, {"start": "00:15:30", "end": "00:15:35", "text": "could this will just keep happening."}, {"start": "00:15:32", "end": "00:15:37", "text": "You'll see a coin moving that might not"}, {"start": "00:15:35", "end": "00:15:39", "text": "be your coin. Be very careful to go"}, {"start": "00:15:37", "end": "00:15:41", "text": "chase that other coin because when you"}, {"start": "00:15:39", "end": "00:15:43", "text": "do, you could be buying the top and then"}, {"start": "00:15:41", "end": "00:15:45", "text": "finally the coin you just left explodes"}, {"start": "00:15:43", "end": "00:15:48", "text": "in the exact similar fashion this coin"}, {"start": "00:15:45", "end": "00:15:51", "text": "does. This is probably one of the most"}, {"start": "00:15:48", "end": "00:15:53", "text": "simple but yet most profound lessons in"}, {"start": "00:15:51", "end": "00:15:54", "text": "crypto that every crypto holder will"}, {"start": "00:15:53", "end": "00:15:57", "text": "learn at one point in their crypto"}, {"start": "00:15:54", "end": "00:15:59", "text": "career. And this cycle I'm going to do"}, {"start": "00:15:57", "end": "00:16:01", "text": "I'm going to do try and do a good job of"}, {"start": "00:15:59", "end": "00:16:04", "text": "please just explaining this to you"}, {"start": "00:16:01", "end": "00:16:06", "text": "because it is so massively important. So"}, {"start": "00:16:04", "end": "00:16:08", "text": "I'm saying that within context to this"}, {"start": "00:16:06", "end": "00:16:10", "text": "unis swap chart. Even dog dog is a hold"}, {"start": "00:16:08", "end": "00:16:13", "text": "of mine. This is this I feel like this"}, {"start": "00:16:10", "end": "00:16:15", "text": "move is this is nothing compar compared"}, {"start": "00:16:13", "end": "00:16:17", "text": "to what dog is is going to do in the"}, {"start": "00:16:15", "end": "00:16:18", "text": "cycle. But even still, it's a very good"}, {"start": "00:16:17", "end": "00:16:21", "text": "illustration. Man, how'd something like"}, {"start": "00:16:18", "end": "00:16:23", "text": "that break out of the bottoms? But SUI"}, {"start": "00:16:21", "end": "00:16:24", "text": "is kind of still consolidating has been"}, {"start": "00:16:23", "end": "00:16:26", "text": "consolidating, I should say. But this"}, {"start": "00:16:24", "end": "00:16:29", "text": "week, this new weekly candle so far"}, {"start": "00:16:26", "end": "00:16:30", "text": "looking pretty decent for SUI. I I I'm"}, {"start": "00:16:29", "end": "00:16:33", "text": "I'm looking at this. I picked some up"}, {"start": "00:16:30", "end": "00:16:35", "text": "earlier. I I had to just add to the bag."}, {"start": "00:16:33", "end": "00:16:37", "text": "But you can see it's not massively"}, {"start": "00:16:35", "end": "00:16:40", "text": "overextended from this range that it's"}, {"start": "00:16:37", "end": "00:16:43", "text": "been in since June of 2026."}, {"start": "00:16:40", "end": "00:16:47", "text": "Ono, same thing, May of 2026. Algo, same"}, {"start": "00:16:43", "end": "00:16:50", "text": "thing. Very unimpressive. XRP is only up"}, {"start": "00:16:47", "end": "00:16:52", "text": "45% since June. ADA only up 64%, which"}, {"start": "00:16:50", "end": "00:16:54", "text": "actually isn't terrible, but and then"}, {"start": "00:16:52", "end": "00:16:56", "text": "look at the ADA structure. Even this is"}, {"start": "00:16:54", "end": "00:16:58", "text": "a very nice Cardano has a very nice"}, {"start": "00:16:56", "end": "00:17:00", "text": "weekly chart. Many of these charts look"}, {"start": "00:16:58", "end": "00:17:01", "text": "very nice. You go to Ando, look at this"}, {"start": "00:17:00", "end": "00:17:03", "text": "weekly candle that just closed. Look at"}, {"start": "00:17:01", "end": "00:17:06", "text": "this engulfing green candle on the"}, {"start": "00:17:03", "end": "00:17:07", "text": "weekly. These charts, they all look they"}, {"start": "00:17:06", "end": "00:17:11", "text": "all look very nice as all coins. They"}, {"start": "00:17:07", "end": "00:17:14", "text": "all have different narratives. My my"}, {"start": "00:17:11", "end": "00:17:16", "text": "concern is always be very focused on"}, {"start": "00:17:14", "end": "00:17:18", "text": "what your plan is. And I'm saying that"}, {"start": "00:17:16", "end": "00:17:20", "text": "again as a reflection of of things I"}, {"start": "00:17:18", "end": "00:17:22", "text": "need to tell myself because it gets very"}, {"start": "00:17:20", "end": "00:17:24", "text": "easy to be distracted by the next shiny"}, {"start": "00:17:22", "end": "00:17:27", "text": "thing that's pumping. And that's the"}, {"start": "00:17:24", "end": "00:17:29", "text": "story of a bull market. It's not like in"}, {"start": "00:17:27", "end": "00:17:32", "text": "a bull market, every single one of these"}, {"start": "00:17:29", "end": "00:17:34", "text": "coins will be pumping exactly the same"}, {"start": "00:17:32", "end": "00:17:36", "text": "percentages. Some will be doing nothing"}, {"start": "00:17:34", "end": "00:17:37", "text": "while the others are going crazy. And if"}, {"start": "00:17:36", "end": "00:17:39", "text": "you hold that one that's doing nothing,"}, {"start": "00:17:37", "end": "00:17:41", "text": "it's going to be frustrating. But I'm"}, {"start": "00:17:39", "end": "00:17:44", "text": "telling you, one of the biggest mistakes"}, {"start": "00:17:41", "end": "00:17:46", "text": "that you can make is all of a sudden you"}, {"start": "00:17:44", "end": "00:17:48", "text": "get rid of a coin you've held for months"}, {"start": "00:17:46", "end": "00:17:50", "text": "because of the reason you're holding it"}, {"start": "00:17:48", "end": "00:17:53", "text": "and you're bullish on it. you go by a"}, {"start": "00:17:50", "end": "00:17:56", "text": "100% 200% pump on something else and"}, {"start": "00:17:53", "end": "00:17:58", "text": "then finally your coin breaks off. Be"}, {"start": "00:17:56", "end": "00:18:01", "text": "very careful of that. And the reason for"}, {"start": "00:17:58", "end": "00:18:03", "text": "this warning is very simply because the"}, {"start": "00:18:01", "end": "00:18:06", "text": "the trigger the indicators that are"}, {"start": "00:18:03", "end": "00:18:09", "text": "triggering right now are indicators that"}, {"start": "00:18:06", "end": "00:18:11", "text": "kind of precede these types of scenarios"}, {"start": "00:18:09", "end": "00:18:14", "text": "because those types of scenarios happen"}, {"start": "00:18:11", "end": "00:18:16", "text": "in bull markets and I want you to"}, {"start": "00:18:14", "end": "00:18:18", "text": "succeed in the bull market. want all of"}, {"start": "00:18:16", "end": "00:18:20", "text": "us to succeed in the bull market. And it"}, {"start": "00:18:18", "end": "00:18:23", "text": "is so mental."}, {"start": "00:18:20", "end": "00:18:24", "text": "It really is. It is so mental. So"}, {"start": "00:18:23", "end": "00:18:26", "text": "anyway, wanted to share all this with"}, {"start": "00:18:24", "end": "00:18:29", "text": "you. I'll put timestamps because I know"}, {"start": "00:18:26", "end": "00:18:31", "text": "there's a lot. But man, all the"}, {"start": "00:18:29", "end": "00:18:34", "text": "analysis, the charts, everything is just"}, {"start": "00:18:31", "end": "00:18:36", "text": "looking so cool and very exciting. And"}, {"start": "00:18:34", "end": "00:18:39", "text": "to me, what makes it most exciting is"}, {"start": "00:18:36", "end": "00:18:42", "text": "because the business cycle and the"}, {"start": "00:18:39", "end": "00:18:44", "text": "business cycle thesis for me"}, {"start": "00:18:42", "end": "00:18:45", "text": "and my analysis,"}, {"start": "00:18:44", "end": "00:18:47", "text": "it's just seems to be playing out very"}, {"start": "00:18:45", "end": "00:18:49", "text": "nicely when you really just dig into all"}, {"start": "00:18:47", "end": "00:18:50", "text": "of these data points. So, I appreciate"}, {"start": "00:18:49", "end": "00:18:51", "text": "you watching. If you're not a"}, {"start": "00:18:50", "end": "00:18:54", "text": "subscriber, I would love for you to"}, {"start": "00:18:51", "end": "00:18:56", "text": "subscribe, join the crypto journey. Um,"}, {"start": "00:18:54", "end": "00:18:57", "text": "we're just getting started, everybody."}, {"start": "00:18:56", "end": "00:18:58", "text": "And if you enjoyed the video, please"}, {"start": "00:18:57", "end": "00:19:01", "text": "give it a like. It helps the channel a"}, {"start": "00:18:58", "end": "00:19:04", "text": "lot, helps me a lot. And I will see you"}, {"start": "00:19:01", "end": "00:19:04", "text": "in the next video. God bless."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Bitcoin on the daily chart breaking this"}, {"start": "00:00:02", "end": "00:00:06", "text": "upper trend line. I mean this is almost"}, {"start": "00:00:04", "end": "00:00:08", "text": "a one monthl long channel. If you go"}, {"start": "00:00:06", "end": "00:00:10", "text": "look at others BTC a very clear picture"}, {"start": "00:00:08", "end": "00:00:13", "text": "of altcoins right now. The monthly chart"}, {"start": "00:00:10", "end": "00:00:15", "text": "testing this trend line that goes back"}, {"start": "00:00:13", "end": "00:00:17", "text": "all the way to January of 2022. The last"}, {"start": "00:00:15", "end": "00:00:19", "text": "time a trend line like this was broken"}, {"start": "00:00:17", "end": "00:00:21", "text": "on this monthly chart with strength."}, {"start": "00:00:19", "end": "00:00:23", "text": "Altcoin started their bull run last"}, {"start": "00:00:21", "end": "00:00:25", "text": "cycle. Now I'm not suggesting that today"}, {"start": "00:00:23", "end": "00:00:27", "text": "the bull run is starting because Bitcoin"}, {"start": "00:00:25", "end": "00:00:28", "text": "is making an absolutely beautiful move"}, {"start": "00:00:27", "end": "00:00:30", "text": "and this monthly chart is getting ready"}, {"start": "00:00:28", "end": "00:00:33", "text": "to break out. But what I do know is in"}, {"start": "00:00:30", "end": "00:00:34", "text": "this very moment I'm sidelined. And I"}, {"start": "00:00:33", "end": "00:00:36", "text": "don't mean that in terms of my"}, {"start": "00:00:34", "end": "00:00:39", "text": "portfolio, but I mean that in terms of"}, {"start": "00:00:36", "end": "00:00:42", "text": "maybe potentially a segment of my"}, {"start": "00:00:39", "end": "00:00:43", "text": "portfolio I procrastinated and I"}, {"start": "00:00:42", "end": "00:00:45", "text": "actually I want to start this video. I'm"}, {"start": "00:00:43", "end": "00:00:48", "text": "in Coinbase. I'm in my Coinbase account."}, {"start": "00:00:45", "end": "00:00:49", "text": "I am going to actually go in here. This"}, {"start": "00:00:48", "end": "00:00:52", "text": "is actually quick buy. I want to change"}, {"start": "00:00:49", "end": "00:00:54", "text": "this to recurring buy. I'm ino. I want"}, {"start": "00:00:52", "end": "00:00:58", "text": "to set a daily recurring buy right now"}, {"start": "00:00:54", "end": "00:01:00", "text": "for uh $500 a day. And I'm going to"}, {"start": "00:00:58", "end": "00:01:02", "text": "place the order."}, {"start": "00:01:00", "end": "00:01:05", "text": "And I I'm placing this order. I'm going"}, {"start": "00:01:02", "end": "00:01:07", "text": "to explain exactly why because right now"}, {"start": "00:01:05", "end": "00:01:09", "text": "I'm I'm"}, {"start": "00:01:07", "end": "00:01:11", "text": "warming up my accumulation fingers once"}, {"start": "00:01:09", "end": "00:01:13", "text": "again. I know I've said I'm I'm ready"}, {"start": "00:01:11", "end": "00:01:16", "text": "for the bull market. I mean, in a sense,"}, {"start": "00:01:13", "end": "00:01:17", "text": "it's 100% true. I have my portfolio. I'm"}, {"start": "00:01:16", "end": "00:01:21", "text": "completely ready if the bull market just"}, {"start": "00:01:17", "end": "00:01:22", "text": "exploded. 100% 500% gains in the next"}, {"start": "00:01:21", "end": "00:01:24", "text": "month, which I'm not saying that's"}, {"start": "00:01:22", "end": "00:01:27", "text": "what's going to happen. I'm just saying."}, {"start": "00:01:24", "end": "00:01:29", "text": "But I'm sidelined. I'm sidelined in a"}, {"start": "00:01:27", "end": "00:01:31", "text": "piece of my portfolio basket. That's"}, {"start": "00:01:29", "end": "00:01:34", "text": "what I want to discuss in this video."}, {"start": "00:01:31", "end": "00:01:38", "text": "Kind of at the intersection of what is"}, {"start": "00:01:34", "end": "00:01:41", "text": "happening here. Altcoins, crypto getting"}, {"start": "00:01:38", "end": "00:01:43", "text": "ready to enter a brand new cycle."}, {"start": "00:01:41", "end": "00:01:45", "text": "Because when I say that, I mean that"}, {"start": "00:01:43", "end": "00:01:46", "text": "based on my analysis. Here's"}, {"start": "00:01:45", "end": "00:01:48", "text": "quantitative tightening the first ever"}, {"start": "00:01:46", "end": "00:01:50", "text": "back here. Here's quantitative"}, {"start": "00:01:48", "end": "00:01:52", "text": "tightening ending. Here is the end of"}, {"start": "00:01:50", "end": "00:01:55", "text": "the contraction of the business cycle."}, {"start": "00:01:52", "end": "00:01:57", "text": "And it was the shift of all of that into"}, {"start": "00:01:55", "end": "00:02:00", "text": "a new cycle. Here's record-breaking"}, {"start": "00:01:57", "end": "00:02:02", "text": "quantitative tightening. Here is the"}, {"start": "00:02:00", "end": "00:02:05", "text": "contraction, record-breaking of the PMI"}, {"start": "00:02:02", "end": "00:02:08", "text": "business cycle. And we are at this end"}, {"start": "00:02:05", "end": "00:02:10", "text": "of QT back here, December 2025, and we"}, {"start": "00:02:08", "end": "00:02:14", "text": "are at a very similar shift into"}, {"start": "00:02:10", "end": "00:02:16", "text": "expansion. And so, I do think there's"}, {"start": "00:02:14", "end": "00:02:18", "text": "time and room for consolidation right"}, {"start": "00:02:16", "end": "00:02:20", "text": "now. But for me personally, as I"}, {"start": "00:02:18", "end": "00:02:24", "text": "evaluate my portfolio, I want to discuss"}, {"start": "00:02:20", "end": "00:02:26", "text": "this thought of potentially being"}, {"start": "00:02:24", "end": "00:02:28", "text": "underexposed"}, {"start": "00:02:26", "end": "00:02:30", "text": "and sidelined and I might get sidelined,"}, {"start": "00:02:28", "end": "00:02:32", "text": "everybody. I'm going to discuss that"}, {"start": "00:02:30", "end": "00:02:34", "text": "when it comes to the"}, {"start": "00:02:32", "end": "00:02:36", "text": "institutionalization"}, {"start": "00:02:34", "end": "00:02:38", "text": "of crypto. So that's what we're going to"}, {"start": "00:02:36", "end": "00:02:40", "text": "do. And this is a chain link chart."}, {"start": "00:02:38", "end": "00:02:42", "text": "Chain link is very much a part of this"}, {"start": "00:02:40", "end": "00:02:46", "text": "story as well. Uh, so it's it's chain"}, {"start": "00:02:42", "end": "00:02:49", "text": "link and it's ono in terms of uh just"}, {"start": "00:02:46", "end": "00:02:51", "text": "being prepared for this cycle. So hit"}, {"start": "00:02:49", "end": "00:02:52", "text": "the subscribe everybody on your way in."}, {"start": "00:02:51", "end": "00:02:54", "text": "I appreciate you cruising through. I'm"}, {"start": "00:02:52", "end": "00:02:55", "text": "in my Coinbase account. I just made a"}, {"start": "00:02:54", "end": "00:02:58", "text": "buy in Coinbase. If you don't have a"}, {"start": "00:02:55", "end": "00:03:00", "text": "Coinbase account, you're going to see"}, {"start": "00:02:58", "end": "00:03:04", "text": "just how useful it is in terms of"}, {"start": "00:03:00", "end": "00:03:07", "text": "planning, buying, maybe one day selling"}, {"start": "00:03:04", "end": "00:03:10", "text": "for profit in Coinbase. You get 250 $250"}, {"start": "00:03:07", "end": "00:03:11", "text": "USDC in rewards up to $250 just for"}, {"start": "00:03:10", "end": "00:03:13", "text": "signing up through my link below."}, {"start": "00:03:11", "end": "00:03:15", "text": "Everybody once you verify your ID in the"}, {"start": "00:03:13", "end": "00:03:19", "text": "system takes minutes once you click my"}, {"start": "00:03:15", "end": "00:03:22", "text": "link. $25 withdrawable USDC rewards or"}, {"start": "00:03:19", "end": "00:03:25", "text": "tradable. Another $25 once you deposit"}, {"start": "00:03:22", "end": "00:03:28", "text": "$2,500, another $50 once you trade"}, {"start": "00:03:25", "end": "00:03:31", "text": "$10,000. And trading $10,000 in a cycle"}, {"start": "00:03:28", "end": "00:03:32", "text": "can happen very fast. So you're getting"}, {"start": "00:03:31", "end": "00:03:34", "text": "these rewards just by signing up for"}, {"start": "00:03:32", "end": "00:03:35", "text": "Coinbase if you don't have an account."}, {"start": "00:03:34", "end": "00:03:38", "text": "So, click the link below. Shout out to"}, {"start": "00:03:35", "end": "00:03:40", "text": "Coinbase for sponsoring the video. This"}, {"start": "00:03:38", "end": "00:03:43", "text": "is an Ono chart."}, {"start": "00:03:40", "end": "00:03:46", "text": "So, let me let me tell this story."}, {"start": "00:03:43", "end": "00:03:48", "text": "Ando's up. I just started a DCA for $500"}, {"start": "00:03:46", "end": "00:03:50", "text": "a day. And I'm going to explain exactly"}, {"start": "00:03:48", "end": "00:03:54", "text": "my approach here. I woke up today and"}, {"start": "00:03:50", "end": "00:03:56", "text": "I'm kind of like I'm I'm underocated"}, {"start": "00:03:54", "end": "00:03:58", "text": "somehow to crypto. I mean, I kind of"}, {"start": "00:03:56", "end": "00:03:59", "text": "have that feeling every day in general,"}, {"start": "00:03:58", "end": "00:04:01", "text": "even though I feel like my portfolio"}, {"start": "00:03:59", "end": "00:04:03", "text": "from my risk perspective is completely"}, {"start": "00:04:01", "end": "00:04:05", "text": "ready and set. But I woke up and I was"}, {"start": "00:04:03", "end": "00:04:06", "text": "talking to my wife even as we're cooking"}, {"start": "00:04:05", "end": "00:04:09", "text": "breakfast. I'm trying to figure out why"}, {"start": "00:04:06", "end": "00:04:11", "text": "is that and I realized"}, {"start": "00:04:09", "end": "00:04:13", "text": "it's it's because what's happening and"}, {"start": "00:04:11", "end": "00:04:16", "text": "I'm going to explain this. Ono surges"}, {"start": "00:04:13", "end": "00:04:18", "text": "10% on DTCC integration RWA adoption."}, {"start": "00:04:16", "end": "00:04:20", "text": "Here's chain link institutional adoption"}, {"start": "00:04:18", "end": "00:04:22", "text": "accelerating with greater regulatory"}, {"start": "00:04:20", "end": "00:04:25", "text": "clarity. Why? Highly reliable"}, {"start": "00:04:22", "end": "00:04:28", "text": "infrastructure matters more than ever."}, {"start": "00:04:25", "end": "00:04:32", "text": "And I'm like, man, SEC the other day"}, {"start": "00:04:28", "end": "00:04:33", "text": "just with haste because ClariC got"}, {"start": "00:04:32", "end": "00:04:36", "text": "denied. They come out and they're on,"}, {"start": "00:04:33", "end": "00:04:40", "text": "hey, stocks coming on chain. Bring it"}, {"start": "00:04:36", "end": "00:04:42", "text": "on. Stocks on crypto rails 247 activated"}, {"start": "00:04:40", "end": "00:04:45", "text": "like just like that at as of the other"}, {"start": "00:04:42", "end": "00:04:48", "text": "day. And then we have CFTC. They're"}, {"start": "00:04:45", "end": "00:04:49", "text": "providing rules for crypto sent sending"}, {"start": "00:04:48", "end": "00:04:52", "text": "that to the White House like what"}, {"start": "00:04:49", "end": "00:04:54", "text": "yesterday. And I'm like thinking about"}, {"start": "00:04:52", "end": "00:04:55", "text": "my portfolio, which I'm incredibly happy"}, {"start": "00:04:54", "end": "00:04:58", "text": "with. I'm going to go through this real"}, {"start": "00:04:55", "end": "00:05:00", "text": "quick. Dog. Many people think it's a"}, {"start": "00:04:58", "end": "00:05:02", "text": "joke. It is probably one of my highest"}, {"start": "00:05:00", "end": "00:05:05", "text": "value plays. This is a fundamental play."}, {"start": "00:05:02", "end": "00:05:07", "text": "Uh it's the flagship Bitcoin memecoin."}, {"start": "00:05:05", "end": "00:05:09", "text": "Memecoin culture not going anywhere,"}, {"start": "00:05:07", "end": "00:05:11", "text": "everybody. The cleanest culture"}, {"start": "00:05:09", "end": "00:05:12", "text": "liquidity play on memes living on"}, {"start": "00:05:11", "end": "00:05:14", "text": "Bitcoin."}, {"start": "00:05:12", "end": "00:05:16", "text": "Also driving Bitcoin adoption. I think"}, {"start": "00:05:14", "end": "00:05:18", "text": "it's going to happen so strong this"}, {"start": "00:05:16", "end": "00:05:20", "text": "cycle. That's what dog is going to do."}, {"start": "00:05:18", "end": "00:05:23", "text": "Midnight. Midnight is like my Cardano"}, {"start": "00:05:20", "end": "00:05:25", "text": "play, but it's via Knight. Cardono's"}, {"start": "00:05:23", "end": "00:05:28", "text": "privacy chain for selective disclosure"}, {"start": "00:05:25", "end": "00:05:31", "text": "so apps can use private data without"}, {"start": "00:05:28", "end": "00:05:36", "text": "going fully dark the chart completely"}, {"start": "00:05:31", "end": "00:05:38", "text": "brand new reset the privacy play um so"}, {"start": "00:05:36", "end": "00:05:43", "text": "that's my privacy play uh and then we"}, {"start": "00:05:38", "end": "00:05:44", "text": "have which is money moving very fast the"}, {"start": "00:05:43", "end": "00:05:47", "text": "the innovation that they are"}, {"start": "00:05:44", "end": "00:05:49", "text": "implementing is awesome so highspeed L1"}, {"start": "00:05:47", "end": "00:05:51", "text": "built by Meta's team much of their team"}, {"start": "00:05:49", "end": "00:05:53", "text": "is for Meta uh for payments and AI"}, {"start": "00:05:51", "end": "00:05:56", "text": "agents to move money as fast as"}, {"start": "00:05:53", "end": "00:05:58", "text": "messages. They have stable coin uh"}, {"start": "00:05:56", "end": "00:06:01", "text": "transfers that are feeless, no fees. So,"}, {"start": "00:05:58", "end": "00:06:04", "text": "think about agents coming online and and"}, {"start": "00:06:01", "end": "00:06:07", "text": "just expanding across economies. I think"}, {"start": "00:06:04", "end": "00:06:10", "text": "they're going to like not having uh any"}, {"start": "00:06:07", "end": "00:06:13", "text": "fees on moving stable coins around and"}, {"start": "00:06:10", "end": "00:06:14", "text": "moving money around. Welcome to SUI"}, {"start": "00:06:13", "end": "00:06:15", "text": "amongst other things that they're doing."}, {"start": "00:06:14", "end": "00:06:18", "text": "And the charts, look at the charts on"}, {"start": "00:06:15", "end": "00:06:20", "text": "these. SUI has not had a bull market."}, {"start": "00:06:18", "end": "00:06:23", "text": "And I'm thinking, okay, I have I have my"}, {"start": "00:06:20", "end": "00:06:25", "text": "memecoin play, which is a high value"}, {"start": "00:06:23", "end": "00:06:29", "text": "value play. I have my privacy play. I"}, {"start": "00:06:25", "end": "00:06:30", "text": "have my move money fast play."}, {"start": "00:06:29", "end": "00:06:32", "text": "And I'm thinking, we have the"}, {"start": "00:06:30", "end": "00:06:34", "text": "institutionalization of crypto. I've"}, {"start": "00:06:32", "end": "00:06:37", "text": "been so bullish on that. I've been"}, {"start": "00:06:34", "end": "00:06:39", "text": "dragging my feet and I don't I haven't"}, {"start": "00:06:37", "end": "00:06:42", "text": "accumulated"}, {"start": "00:06:39", "end": "00:06:44", "text": "any of these. I've done poll after poll"}, {"start": "00:06:42", "end": "00:06:46", "text": "about it like"}, {"start": "00:06:44", "end": "00:06:49", "text": "chain link and I've not done it. And"}, {"start": "00:06:46", "end": "00:06:54", "text": "right now all I did was I just"}, {"start": "00:06:49", "end": "00:06:57", "text": "implemented right now a a DCA. And the"}, {"start": "00:06:54", "end": "00:06:58", "text": "reason why is because let me go to the"}, {"start": "00:06:57", "end": "00:07:03", "text": "charts. Now"}, {"start": "00:06:58", "end": "00:07:06", "text": "if I go to chart, this is a daily."}, {"start": "00:07:03", "end": "00:07:08", "text": "It's breaking out, right? And similar"}, {"start": "00:07:06", "end": "00:07:10", "text": "with chain link. Chain link has some"}, {"start": "00:07:08", "end": "00:07:15", "text": "daily green candles. I don't want to sit"}, {"start": "00:07:10", "end": "00:07:17", "text": "here and be like, you know what,"}, {"start": "00:07:15", "end": "00:07:19", "text": "I want to I want to get into into"}, {"start": "00:07:17", "end": "00:07:21", "text": "institutional institutionalization play."}, {"start": "00:07:19", "end": "00:07:23", "text": "I want that part of my basket as well."}, {"start": "00:07:21", "end": "00:07:26", "text": "I'm going to do a mass buy right now. I"}, {"start": "00:07:23", "end": "00:07:29", "text": "can't I I just I lost that spontaneous"}, {"start": "00:07:26", "end": "00:07:31", "text": "thing somewhere along the way. Unless if"}, {"start": "00:07:29", "end": "00:07:33", "text": "we were in a moment down in this range"}, {"start": "00:07:31", "end": "00:07:36", "text": "falling, then it would probably be in"}, {"start": "00:07:33", "end": "00:07:40", "text": "play and that might be what happens. But"}, {"start": "00:07:36", "end": "00:07:41", "text": "right now, I am kind of just, like I"}, {"start": "00:07:40", "end": "00:07:43", "text": "said, warming up my accumulation"}, {"start": "00:07:41", "end": "00:07:46", "text": "fingers, my buy fingers. And I want to"}, {"start": "00:07:43", "end": "00:07:48", "text": "be very real with you. As I do this, I'm"}, {"start": "00:07:46", "end": "00:07:50", "text": "going to explain exactly why I chose"}, {"start": "00:07:48", "end": "00:07:52", "text": "$500 a day right now. And I might do a"}, {"start": "00:07:50", "end": "00:07:55", "text": "mass buy. I might start actually doing"}, {"start": "00:07:52", "end": "00:07:58", "text": "bulk buys. Um, I just right now in this"}, {"start": "00:07:55", "end": "00:07:59", "text": "moment, this is brand new for me. The"}, {"start": "00:07:58", "end": "00:08:02", "text": "way that I track my crypto journey, I"}, {"start": "00:07:59", "end": "00:08:04", "text": "try to be just very upfront with you."}, {"start": "00:08:02", "end": "00:08:06", "text": "when I don't know, I'll just say I just"}, {"start": "00:08:04", "end": "00:08:08", "text": "I I don't know. Like I don't know"}, {"start": "00:08:06", "end": "00:08:11", "text": "exactly how I want to approach this. But"}, {"start": "00:08:08", "end": "00:08:13", "text": "with it being said, there might not be"}, {"start": "00:08:11", "end": "00:08:16", "text": "time for this for me to think about"}, {"start": "00:08:13", "end": "00:08:19", "text": "this. And I fully realize that. What I"}, {"start": "00:08:16", "end": "00:08:21", "text": "mean by that is if this just broke out,"}, {"start": "00:08:19", "end": "00:08:23", "text": "if we have if we enter a week this week"}, {"start": "00:08:21", "end": "00:08:25", "text": "and I don't have even a few days to"}, {"start": "00:08:23", "end": "00:08:28", "text": "think about how I want to do this, all"}, {"start": "00:08:25", "end": "00:08:30", "text": "coins just explode. I don't really think"}, {"start": "00:08:28", "end": "00:08:32", "text": "that's going to happen. But if it just"}, {"start": "00:08:30", "end": "00:08:34", "text": "happens, I might kind of get sidelined"}, {"start": "00:08:32", "end": "00:08:36", "text": "because I'm not in this I'm not in this"}, {"start": "00:08:34", "end": "00:08:39", "text": "moment of the crypto cycle where I'm"}, {"start": "00:08:36", "end": "00:08:42", "text": "going to be chasing. Uh I if ifo just"}, {"start": "00:08:39", "end": "00:08:45", "text": "continues to the upside and starts"}, {"start": "00:08:42", "end": "00:08:46", "text": "exploding towards 50 60s,"}, {"start": "00:08:45", "end": "00:08:49", "text": "right? I'm not going to just chase it"}, {"start": "00:08:46", "end": "00:08:50", "text": "and then be like, man, I will just be"}, {"start": "00:08:49", "end": "00:08:53", "text": "like, all right, whatever. That's just"}, {"start": "00:08:50", "end": "00:08:54", "text": "how I am with with it right now. But I"}, {"start": "00:08:53", "end": "00:08:55", "text": "don't necessarily think that's what's"}, {"start": "00:08:54", "end": "00:08:58", "text": "going to happen. I think there is a very"}, {"start": "00:08:55", "end": "00:09:00", "text": "strong case we could consolidate. um we"}, {"start": "00:08:58", "end": "00:09:02", "text": "might not break out of the range that"}, {"start": "00:09:00", "end": "00:09:06", "text": "you even see right here um on this"}, {"start": "00:09:02", "end": "00:09:10", "text": "chart. And what I want to do is I want"}, {"start": "00:09:06", "end": "00:09:12", "text": "to explain why I I just bought $500 of"}, {"start": "00:09:10", "end": "00:09:13", "text": "Ando. And by the way, if I if I refresh"}, {"start": "00:09:12", "end": "00:09:15", "text": "this chart, I just want to show you the"}, {"start": "00:09:13", "end": "00:09:20", "text": "structure of right now just to give you"}, {"start": "00:09:15", "end": "00:09:20", "text": "a sense. Um boom."}, {"start": "00:09:20", "end": "00:09:25", "text": "We could probably even do this a little"}, {"start": "00:09:22", "end": "00:09:26", "text": "bit if we want a little bit larger of a"}, {"start": "00:09:25", "end": "00:09:29", "text": "pattern, but you can see on the shorter"}, {"start": "00:09:26", "end": "00:09:30", "text": "pattern, it's breaking out, right? So, I"}, {"start": "00:09:29", "end": "00:09:31", "text": "don't know if we're going to get a"}, {"start": "00:09:30", "end": "00:09:32", "text": "retest of this. I don't know if I'm"}, {"start": "00:09:31", "end": "00:09:35", "text": "going to have more time to think about"}, {"start": "00:09:32", "end": "00:09:36", "text": "this, and it's fine, but"}, {"start": "00:09:35", "end": "00:09:38", "text": "kind of take a trend line here. I'd be"}, {"start": "00:09:36", "end": "00:09:41", "text": "very curious to see what Ando does"}, {"start": "00:09:38", "end": "00:09:44", "text": "around 48. This could play into my"}, {"start": "00:09:41", "end": "00:09:46", "text": "actual macro decision-m. I know I said a"}, {"start": "00:09:44", "end": "00:09:49", "text": "$500 DCA. At least that's activated. I"}, {"start": "00:09:46", "end": "00:09:50", "text": "feel like I did something, but there's a"}, {"start": "00:09:49", "end": "00:09:52", "text": "very strong potential we get resistance"}, {"start": "00:09:50", "end": "00:09:54", "text": "and we're coming back down. I'm letting"}, {"start": "00:09:52", "end": "00:09:56", "text": "the DCA go as I think about this. Um,"}, {"start": "00:09:54", "end": "00:09:57", "text": "and then we're in an environment where"}, {"start": "00:09:56", "end": "00:09:58", "text": "we're towards the end of September and"}, {"start": "00:09:57", "end": "00:10:01", "text": "we've fallen and I have no problem"}, {"start": "00:09:58", "end": "00:10:02", "text": "DCAing during this, right? And then I"}, {"start": "00:10:01", "end": "00:10:05", "text": "still have this time to think about"}, {"start": "00:10:02", "end": "00:10:08", "text": "this. Um, now with that being said,"}, {"start": "00:10:05", "end": "00:10:10", "text": "maybe maybe Ando just absolutely just"}, {"start": "00:10:08", "end": "00:10:11", "text": "breaks out and I don't have the time to"}, {"start": "00:10:10", "end": "00:10:12", "text": "think about it and I'm just probably"}, {"start": "00:10:11", "end": "00:10:14", "text": "just going to forget about it honestly."}, {"start": "00:10:12", "end": "00:10:17", "text": "Um, like I said, I just I don't feel"}, {"start": "00:10:14", "end": "00:10:22", "text": "like chasing a pump or buying into a"}, {"start": "00:10:17", "end": "00:10:24", "text": "pump. Um, but with that being said, when"}, {"start": "00:10:22", "end": "00:10:27", "text": "I go and I think about"}, {"start": "00:10:24", "end": "00:10:29", "text": "my risk tolerance, right, if we go into"}, {"start": "00:10:27", "end": "00:10:30", "text": "my, this is accumulation planner in our"}, {"start": "00:10:29", "end": "00:10:32", "text": "intelligence system. We have our risk"}, {"start": "00:10:30", "end": "00:10:34", "text": "models back here. Here's Bitcoin."}, {"start": "00:10:32", "end": "00:10:37", "text": "Bitcoin is sitting at a 32 right now. It"}, {"start": "00:10:34", "end": "00:10:38", "text": "is a low risk score for Bitcoin. If we"}, {"start": "00:10:37", "end": "00:10:40", "text": "go and we look at Ando, I want to bring"}, {"start": "00:10:38", "end": "00:10:43", "text": "up Onondo"}, {"start": "00:10:40", "end": "00:10:45", "text": "and explain this to you. And by the way,"}, {"start": "00:10:43", "end": "00:10:47", "text": "chain link is a part of this equation as"}, {"start": "00:10:45", "end": "00:10:49", "text": "well for me, but it's I'm just sitting"}, {"start": "00:10:47", "end": "00:10:50", "text": "on chain link. I don't know what I want"}, {"start": "00:10:49", "end": "00:10:52", "text": "to do in terms of chain link"}, {"start": "00:10:50", "end": "00:10:53", "text": "accumulation either, but I'm just"}, {"start": "00:10:52", "end": "00:10:56", "text": "literally thinking about this in real"}, {"start": "00:10:53", "end": "00:10:58", "text": "time with you. And so, we might get"}, {"start": "00:10:56", "end": "00:10:59", "text": "continued consolidation. We might not."}, {"start": "00:10:58", "end": "00:11:01", "text": "Um, but with that being said, I want to"}, {"start": "00:10:59", "end": "00:11:04", "text": "go into accumulation planner. And what I"}, {"start": "00:11:01", "end": "00:11:06", "text": "did was I went in here. I said $500 a"}, {"start": "00:11:04", "end": "00:11:08", "text": "day, right? I set this for every day and"}, {"start": "00:11:06", "end": "00:11:12", "text": "I want to take a risk-based approach to"}, {"start": "00:11:08", "end": "00:11:16", "text": "this, right? And if we go down here and"}, {"start": "00:11:12", "end": "00:11:17", "text": "we look at conservative approach oro for"}, {"start": "00:11:16", "end": "00:11:21", "text": "$500 a day, by the way, the risk score"}, {"start": "00:11:17", "end": "00:11:24", "text": "is at a 31 and you can see it's"}, {"start": "00:11:21", "end": "00:11:27", "text": "suggesting $500 at a conservative"}, {"start": "00:11:24", "end": "00:11:30", "text": "uh rate. If I was to be moderate,"}, {"start": "00:11:27", "end": "00:11:33", "text": "moderate risk, it would recommend $750 a"}, {"start": "00:11:30", "end": "00:11:36", "text": "day. If I was going to be aggressive, it"}, {"start": "00:11:33", "end": "00:11:39", "text": "would be $1,000 a day. I'm in this"}, {"start": "00:11:36", "end": "00:11:42", "text": "mindset for me where I'm like, I woke up"}, {"start": "00:11:39", "end": "00:11:45", "text": "and I'm like, man, I'm I'm sidelined on"}, {"start": "00:11:42", "end": "00:11:47", "text": "an institutionalization play. I know"}, {"start": "00:11:45", "end": "00:11:50", "text": "myself enough to be like, don't just"}, {"start": "00:11:47", "end": "00:11:53", "text": "FOMO in because of that. If you're going"}, {"start": "00:11:50", "end": "00:11:55", "text": "to if you if you end up sidelined, not"}, {"start": "00:11:53", "end": "00:11:57", "text": "having something like Ando or Chain Link"}, {"start": "00:11:55", "end": "00:11:59", "text": "or Basket of these things, fine. It's"}, {"start": "00:11:57", "end": "00:12:01", "text": "okay. It really is okay. For me, it's"}, {"start": "00:11:59", "end": "00:12:03", "text": "okay."}, {"start": "00:12:01", "end": "00:12:06", "text": "But I do want to actually start thinking"}, {"start": "00:12:03", "end": "00:12:08", "text": "about it and I think I've thought about"}, {"start": "00:12:06", "end": "00:12:10", "text": "it a lot and today I just want to at"}, {"start": "00:12:08", "end": "00:12:12", "text": "least talk start taking some steps of"}, {"start": "00:12:10", "end": "00:12:14", "text": "action and that's the purpose of this"}, {"start": "00:12:12", "end": "00:12:16", "text": "and it is a conservative approach"}, {"start": "00:12:14", "end": "00:12:19", "text": "because I know myself and I just want to"}, {"start": "00:12:16", "end": "00:12:24", "text": "remain conservative. So if I'm like $500"}, {"start": "00:12:19", "end": "00:12:26", "text": "a day 31 risk score $500 makes sense for"}, {"start": "00:12:24", "end": "00:12:27", "text": "me. And you can see this is a newer"}, {"start": "00:12:26", "end": "00:12:29", "text": "chart. I mean this model only goes back"}, {"start": "00:12:27", "end": "00:12:32", "text": "to 2024."}, {"start": "00:12:29", "end": "00:12:34", "text": "We're in accumulation zone, everybody."}, {"start": "00:12:32", "end": "00:12:37", "text": "We had this fake out bull market back in"}, {"start": "00:12:34", "end": "00:12:40", "text": "2024. We hit like a 70 in terms of risk."}, {"start": "00:12:37", "end": "00:12:41", "text": "Um, in terms of my approach, if if if"}, {"start": "00:12:40", "end": "00:12:43", "text": "the score was here, you can see the"}, {"start": "00:12:41", "end": "00:12:45", "text": "models telling me, you know, at this"}, {"start": "00:12:43", "end": "00:12:47", "text": "conservative approach, just skip it."}, {"start": "00:12:45", "end": "00:12:50", "text": "Don't don't accumulate at 70. But we're"}, {"start": "00:12:47", "end": "00:12:53", "text": "not at 70. We're at 31 and it's saying"}, {"start": "00:12:50", "end": "00:12:55", "text": "accumulate, right? And the same thing if"}, {"start": "00:12:53", "end": "00:12:59", "text": "you go to something like chain link in"}, {"start": "00:12:55", "end": "00:13:01", "text": "our risk model, it's at a 30."}, {"start": "00:12:59", "end": "00:13:04", "text": "So, look at this stat. This is such a"}, {"start": "00:13:01", "end": "00:13:06", "text": "valuable stat for macro investor. Uh,"}, {"start": "00:13:04", "end": "00:13:08", "text": "Link's price at this risk score was"}, {"start": "00:13:06", "end": "00:13:09", "text": "higher 45% of the time after 3 months."}, {"start": "00:13:08", "end": "00:13:12", "text": "So, that's up in the air. Kind of a coin"}, {"start": "00:13:09", "end": "00:13:16", "text": "toss. 93%"}, {"start": "00:13:12", "end": "00:13:17", "text": "after one year, everybody. And we have a"}, {"start": "00:13:16", "end": "00:13:19", "text": "lot more data on this model. This goes"}, {"start": "00:13:17", "end": "00:13:21", "text": "back to 2017. And this is something I"}, {"start": "00:13:19", "end": "00:13:25", "text": "really like about chain link as well."}, {"start": "00:13:21", "end": "00:13:28", "text": "And it's this. The chain link thesis is"}, {"start": "00:13:25", "end": "00:13:31", "text": "so solid and strong which is basically"}, {"start": "00:13:28", "end": "00:13:34", "text": "you know the whole oracle I mean oracles"}, {"start": "00:13:31", "end": "00:13:37", "text": "and what chain link is doing is not only"}, {"start": "00:13:34", "end": "00:13:39", "text": "so meaningful for the crypto space it is"}, {"start": "00:13:37", "end": "00:13:41", "text": "incredibly meaningful for"}, {"start": "00:13:39", "end": "00:13:43", "text": "institutionalization and the banks"}, {"start": "00:13:41", "end": "00:13:48", "text": "coming on chain everybody coming on"}, {"start": "00:13:43", "end": "00:13:50", "text": "chain oracle is here to stay everybody"}, {"start": "00:13:48", "end": "00:13:51", "text": "and when I I zoom out or not oracle"}, {"start": "00:13:50", "end": "00:13:53", "text": "chain link is here to stay everybody"}, {"start": "00:13:51", "end": "00:13:56", "text": "when I zoom out on a chain link chart"}, {"start": "00:13:53", "end": "00:14:00", "text": "and I'm looking at prices the same as"}, {"start": "00:13:56", "end": "00:14:02", "text": "2020. I'm kind of like"}, {"start": "00:14:00", "end": "00:14:04", "text": "in terms of accumulating maybe a mass"}, {"start": "00:14:02", "end": "00:14:07", "text": "buy of chain link, which is what I'm"}, {"start": "00:14:04", "end": "00:14:10", "text": "thinking about right now. I'm pondering."}, {"start": "00:14:07", "end": "00:14:12", "text": "I'm like I I'm not looking at this as"}, {"start": "00:14:10", "end": "00:14:14", "text": "like man what underperformance, what"}, {"start": "00:14:12", "end": "00:14:19", "text": "terrible performance. I'm looking at"}, {"start": "00:14:14", "end": "00:14:20", "text": "that as that's like a base case for risk"}, {"start": "00:14:19", "end": "00:14:23", "text": "because what if there is no bull market?"}, {"start": "00:14:20", "end": "00:14:25", "text": "What if I did just lump some buy into"}, {"start": "00:14:23", "end": "00:14:27", "text": "chain link right now to prepare for an"}, {"start": "00:14:25", "end": "00:14:28", "text": "institutionalization bull market and"}, {"start": "00:14:27", "end": "00:14:31", "text": "then the bull market doesn't happen?"}, {"start": "00:14:28", "end": "00:14:32", "text": "Like that doesn't happen. Well, chain"}, {"start": "00:14:31", "end": "00:14:35", "text": "link's been trading at the same price"}, {"start": "00:14:32", "end": "00:14:39", "text": "basically up and down since August of"}, {"start": "00:14:35", "end": "00:14:42", "text": "2020. So, it's way more sturdy and it"}, {"start": "00:14:39", "end": "00:14:43", "text": "it's way less risk in in my opinion. If"}, {"start": "00:14:42", "end": "00:14:45", "text": "I did do a lump sum buy right here and"}, {"start": "00:14:43", "end": "00:14:47", "text": "then we actually even came back down,"}, {"start": "00:14:45", "end": "00:14:48", "text": "we're putting in a higher low. We're not"}, {"start": "00:14:47", "end": "00:14:50", "text": "breaking out. It's kind of like this is"}, {"start": "00:14:48", "end": "00:14:54", "text": "something I feel way more comfortable in"}, {"start": "00:14:50", "end": "00:14:55", "text": "terms of buying is chain link. Now"}, {"start": "00:14:54", "end": "00:14:58", "text": "maybe not so much because it doesn't"}, {"start": "00:14:55", "end": "00:15:00", "text": "have so much price action and so much"}, {"start": "00:14:58", "end": "00:15:03", "text": "charting data but even at at the same"}, {"start": "00:15:00", "end": "00:15:07", "text": "same time I thinko is pretty well"}, {"start": "00:15:03", "end": "00:15:10", "text": "positioned. It's it's being pretty much"}, {"start": "00:15:07", "end": "00:15:13", "text": "adopted institutionally and I'm talking"}, {"start": "00:15:10", "end": "00:15:15", "text": "about billions of dollars of treasuries."}, {"start": "00:15:13", "end": "00:15:18", "text": "And so with that being said, like I"}, {"start": "00:15:15", "end": "00:15:19", "text": "there's no definite upside to this, but"}, {"start": "00:15:18", "end": "00:15:22", "text": "I am trying to monitor and figure out if"}, {"start": "00:15:19", "end": "00:15:25", "text": "I did a lump sum buy and I really just"}, {"start": "00:15:22", "end": "00:15:27", "text": "went in maybe a market buy in Coinbase."}, {"start": "00:15:25", "end": "00:15:29", "text": "What would that look like? And that's"}, {"start": "00:15:27", "end": "00:15:31", "text": "where I am right now. I I don't know at"}, {"start": "00:15:29", "end": "00:15:33", "text": "this moment. Um I just do know I'm not"}, {"start": "00:15:31", "end": "00:15:35", "text": "going to change I'm not going to make"}, {"start": "00:15:33", "end": "00:15:36", "text": "that decision right now as I'm starting"}, {"start": "00:15:35", "end": "00:15:39", "text": "to really think about this with more"}, {"start": "00:15:36", "end": "00:15:41", "text": "urgency. But what is nice for me is just"}, {"start": "00:15:39", "end": "00:15:44", "text": "at the very least kind it's like"}, {"start": "00:15:41", "end": "00:15:47", "text": "scratching that itch a little bit. $500"}, {"start": "00:15:44", "end": "00:15:50", "text": "DCA right now for now. Um we'll let that"}, {"start": "00:15:47", "end": "00:15:52", "text": "run and we'll just monitor the situation"}, {"start": "00:15:50", "end": "00:15:55", "text": "in terms of we'll monitor the situation"}, {"start": "00:15:52", "end": "00:15:56", "text": "in terms of chain link. Um, and I wanted"}, {"start": "00:15:55", "end": "00:15:59", "text": "to share that with you because it's like"}, {"start": "00:15:56", "end": "00:16:01", "text": "a real-time thing for me. Like again"}, {"start": "00:15:59", "end": "00:16:02", "text": "talking to my wife about man I feel"}, {"start": "00:16:01", "end": "00:16:05", "text": "underallocated and then trying to figure"}, {"start": "00:16:02", "end": "00:16:07", "text": "out why is that and realizing you know I"}, {"start": "00:16:05", "end": "00:16:09", "text": "have these different niches of my"}, {"start": "00:16:07", "end": "00:16:12", "text": "portfolio that I've done strategically"}, {"start": "00:16:09", "end": "00:16:15", "text": "and it's it's pretty bad really. It's"}, {"start": "00:16:12", "end": "00:16:17", "text": "pretty ridiculous that an institutional"}, {"start": "00:16:15", "end": "00:16:18", "text": "play is not in there especially as"}, {"start": "00:16:17", "end": "00:16:20", "text": "bullish as I am on the"}, {"start": "00:16:18", "end": "00:16:22", "text": "institutionalization of crypto. And it's"}, {"start": "00:16:20", "end": "00:16:25", "text": "probably also because even if I was"}, {"start": "00:16:22", "end": "00:16:26", "text": "sidelined and I don't actually end up"}, {"start": "00:16:25", "end": "00:16:28", "text": "allocating"}, {"start": "00:16:26", "end": "00:16:30", "text": "uh something that I'm happy with to"}, {"start": "00:16:28", "end": "00:16:32", "text": "something like Ando before it breaks"}, {"start": "00:16:30", "end": "00:16:34", "text": "out,"}, {"start": "00:16:32", "end": "00:16:39", "text": "all the other baskets I think are going"}, {"start": "00:16:34", "end": "00:16:41", "text": "to do equally as good if not better. So"}, {"start": "00:16:39", "end": "00:16:43", "text": "um I wanted to share that with you. kind"}, {"start": "00:16:41", "end": "00:16:46", "text": "of a different approach to some of my"}, {"start": "00:16:43", "end": "00:16:48", "text": "analysis, but I think at the same time"}, {"start": "00:16:46", "end": "00:16:50", "text": "it's it's giving you a visualization of"}, {"start": "00:16:48", "end": "00:16:52", "text": "of really the market cycle and where we"}, {"start": "00:16:50", "end": "00:16:53", "text": "are. And for me, there is an urgency. I"}, {"start": "00:16:52", "end": "00:16:55", "text": "don't know if there is for you. I know a"}, {"start": "00:16:53", "end": "00:16:56", "text": "lot of people are just like, \"Ah, you"}, {"start": "00:16:55", "end": "00:16:58", "text": "know, it's going to be another year"}, {"start": "00:16:56", "end": "00:16:59", "text": "before we get a bull run.\" There's"}, {"start": "00:16:58", "end": "00:17:01", "text": "people I think that are just they don't"}, {"start": "00:16:59", "end": "00:17:02", "text": "think there's going to be, but for me,"}, {"start": "00:17:01", "end": "00:17:05", "text": "there is a little bit more urgency. I"}, {"start": "00:17:02", "end": "00:17:08", "text": "think something special is happening uh"}, {"start": "00:17:05", "end": "00:17:10", "text": "at the shift of the cycle. And I've been"}, {"start": "00:17:08", "end": "00:17:12", "text": "non-stop. I'm always thinking about my"}, {"start": "00:17:10", "end": "00:17:14", "text": "portfolio. Am I happy with it? Am I"}, {"start": "00:17:12", "end": "00:17:16", "text": "ready? And I I genuinely think I am. I"}, {"start": "00:17:14", "end": "00:17:19", "text": "really I'm just I'm I'm grateful. I feel"}, {"start": "00:17:16", "end": "00:17:21", "text": "blessed to be positioned for a crypto"}, {"start": "00:17:19", "end": "00:17:24", "text": "cycle. But when it does come to this"}, {"start": "00:17:21", "end": "00:17:27", "text": "basket, the institutionalization basket,"}, {"start": "00:17:24", "end": "00:17:32", "text": "I do feel sidelined and I it's not a"}, {"start": "00:17:27", "end": "00:17:35", "text": "feeling. I am sidelined. Uh and this DCA"}, {"start": "00:17:32", "end": "00:17:36", "text": "right now is just me starting to think"}, {"start": "00:17:35", "end": "00:17:38", "text": "about how I want to approach this. So I"}, {"start": "00:17:36", "end": "00:17:39", "text": "wanted to share that with you. If you"}, {"start": "00:17:38", "end": "00:17:40", "text": "don't have a Coinbase account,"}, {"start": "00:17:39", "end": "00:17:43", "text": "everybody, make sure you sign up in the"}, {"start": "00:17:40", "end": "00:17:45", "text": "link below, get set up with them, just a"}, {"start": "00:17:43", "end": "00:17:47", "text": "really awesome company in the crypto"}, {"start": "00:17:45", "end": "00:17:50", "text": "space, and start activating those"}, {"start": "00:17:47", "end": "00:17:52", "text": "rewards uh via those milestones. So,"}, {"start": "00:17:50", "end": "00:17:54", "text": "we'll continue tracking this story with"}, {"start": "00:17:52", "end": "00:17:56", "text": "you as we go through all these things."}, {"start": "00:17:54", "end": "00:17:57", "text": "But I appreciate each and every one of"}, {"start": "00:17:56", "end": "00:17:58", "text": "you watching. If you're not a"}, {"start": "00:17:57", "end": "00:18:00", "text": "subscriber, please subscribe, turn"}, {"start": "00:17:58", "end": "00:18:01", "text": "notifications on, and if you got any"}, {"start": "00:18:00", "end": "00:18:03", "text": "value from the video, hit the like. It"}, {"start": "00:18:01", "end": "00:18:05", "text": "means a ton to me. Helps the channel a"}, {"start": "00:18:03", "end": "00:18:08", "text": "lot. I will see you in the next video."}, {"start": "00:18:05", "end": "00:18:08", "text": "God bless."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "This headline everybody, SEC rolls out"}, {"start": "00:00:03", "end": "00:00:07", "text": "five-year innovation exemption that lets"}, {"start": "00:00:05", "end": "00:00:08", "text": "certain tokenized stocks trade onchain"}, {"start": "00:00:07", "end": "00:00:12", "text": "with looser exchange and dealer"}, {"start": "00:00:08", "end": "00:00:15", "text": "requirements. The SEC just made it legal"}, {"start": "00:00:12", "end": "00:00:19", "text": "for real US stocks. I'm talking Apple,"}, {"start": "00:00:15", "end": "00:00:22", "text": "Tesla, Nvidia to trade on a blockchain"}, {"start": "00:00:19", "end": "00:00:24", "text": "through a liquidity pool in the same"}, {"start": "00:00:22", "end": "00:00:27", "text": "type of way that a crypto asset would"}, {"start": "00:00:24", "end": "00:00:30", "text": "trade on a DEX. And it is effective as"}, {"start": "00:00:27", "end": "00:00:33", "text": "of today. Literally, it's effective"}, {"start": "00:00:30", "end": "00:00:35", "text": "right now. Congress the other day, they"}, {"start": "00:00:33", "end": "00:00:38", "text": "killed the crypto bill, the Clarity Act."}, {"start": "00:00:35", "end": "00:00:42", "text": "Democrats killed it on Tuesday. And the"}, {"start": "00:00:38", "end": "00:00:45", "text": "SEC today just went right around them."}, {"start": "00:00:42", "end": "00:00:47", "text": "The Democrats and anybody who voted no"}, {"start": "00:00:45", "end": "00:00:49", "text": "against the Clarity Act. I don't think"}, {"start": "00:00:47", "end": "00:00:52", "text": "they have any idea what they just"}, {"start": "00:00:49", "end": "00:00:53", "text": "unleashed. And it is a very bullish"}, {"start": "00:00:52", "end": "00:00:55", "text": "thing for crypto. I want to go over what"}, {"start": "00:00:53", "end": "00:00:57", "text": "this news means because it really is a"}, {"start": "00:00:55", "end": "00:00:59", "text": "big deal. This is a very big headline,"}, {"start": "00:00:57", "end": "00:01:02", "text": "everybody. I want to start with this"}, {"start": "00:00:59", "end": "00:01:04", "text": "though. Eleanor, this is the setup for"}, {"start": "00:01:02", "end": "00:01:07", "text": "what is actually transpiring today."}, {"start": "00:01:04", "end": "00:01:08", "text": "Eleanor posted this. A group of seven,"}, {"start": "00:01:07", "end": "00:01:11", "text": "because realize what's going on right"}, {"start": "00:01:08", "end": "00:01:12", "text": "now. Seven Democrats say they're"}, {"start": "00:01:11", "end": "00:01:14", "text": "committed to working in a bipartisan"}, {"start": "00:01:12", "end": "00:01:16", "text": "fashion to pass the Clarity Act. The"}, {"start": "00:01:14", "end": "00:01:19", "text": "statement comes amid early efforts to"}, {"start": "00:01:16", "end": "00:01:21", "text": "restart bipartisan talks and gauge the"}, {"start": "00:01:19", "end": "00:01:22", "text": "appetite on both sides for returning to"}, {"start": "00:01:21", "end": "00:01:25", "text": "the table and getting the Clarity Act"}, {"start": "00:01:22", "end": "00:01:27", "text": "passed before the end of the year. So"}, {"start": "00:01:25", "end": "00:01:30", "text": "Metal Law Man reposted this because by"}, {"start": "00:01:27", "end": "00:01:32", "text": "the way, this is in play for for this"}, {"start": "00:01:30", "end": "00:01:35", "text": "the whole Clarity Act thing to actually"}, {"start": "00:01:32", "end": "00:01:38", "text": "be revived and actually, you know, go"}, {"start": "00:01:35", "end": "00:01:41", "text": "back to voting. But Meet Law Man said it"}, {"start": "00:01:38", "end": "00:01:43", "text": "very nicely. The Democrats badly"}, {"start": "00:01:41", "end": "00:01:45", "text": "overplayed their hand on the Clarity"}, {"start": "00:01:43", "end": "00:01:46", "text": "Act. Now they want a doover. They don't"}, {"start": "00:01:45", "end": "00:01:49", "text": "understand the doover is coming on"}, {"start": "00:01:46", "end": "00:01:51", "text": "November 3rd. So number one, the doover"}, {"start": "00:01:49", "end": "00:01:53", "text": "is coming on November 3rd. They missed"}, {"start": "00:01:51", "end": "00:01:56", "text": "the shot. But number two, the other"}, {"start": "00:01:53", "end": "00:01:59", "text": "reason is they badly overplayed their"}, {"start": "00:01:56", "end": "00:02:01", "text": "hand because we literally have the chair"}, {"start": "00:01:59", "end": "00:02:03", "text": "of the SEC"}, {"start": "00:02:01", "end": "00:02:06", "text": "just straight up he is stepping up to"}, {"start": "00:02:03", "end": "00:02:08", "text": "the plate. Everybody Paul Atkins is"}, {"start": "00:02:06", "end": "00:02:09", "text": "stepping up to the plate today. We're"}, {"start": "00:02:08", "end": "00:02:12", "text": "taking a significant step forward within"}, {"start": "00:02:09", "end": "00:02:14", "text": "our statutory authority to bring"}, {"start": "00:02:12", "end": "00:02:16", "text": "America's capital markets into the"}, {"start": "00:02:14", "end": "00:02:18", "text": "digital age by facilitating onchain"}, {"start": "00:02:16", "end": "00:02:20", "text": "trading of certain tokenized stocks"}, {"start": "00:02:18", "end": "00:02:22", "text": "through the innovation exemption. the"}, {"start": "00:02:20", "end": "00:02:23", "text": "clarity act failing even going into"}, {"start": "00:02:22", "end": "00:02:25", "text": "clarity act like is it going to pass we"}, {"start": "00:02:23", "end": "00:02:27", "text": "needed to pass we need innovation we"}, {"start": "00:02:25", "end": "00:02:31", "text": "don't want to drive it away from from us"}, {"start": "00:02:27", "end": "00:02:35", "text": "that's been the thing well this is"}, {"start": "00:02:31", "end": "00:02:38", "text": "sidest stepping clarity it's not making"}, {"start": "00:02:35", "end": "00:02:40", "text": "it law like we want to see in clarity"}, {"start": "00:02:38", "end": "00:02:43", "text": "but five-year exemption and I want to go"}, {"start": "00:02:40", "end": "00:02:44", "text": "over a couple of things here because"}, {"start": "00:02:43", "end": "00:02:47", "text": "this is incredibly meaningful for for"}, {"start": "00:02:44", "end": "00:02:50", "text": "the crypto space first off the headline"}, {"start": "00:02:47", "end": "00:02:52", "text": "is just crazy SEC issues innovation"}, {"start": "00:02:50", "end": "00:02:54", "text": "exemption to facilitate the trading of"}, {"start": "00:02:52", "end": "00:02:58", "text": "tokenized NMS stock and request for"}, {"start": "00:02:54", "end": "00:03:01", "text": "comment. So this is the news today. SEC"}, {"start": "00:02:58", "end": "00:03:03", "text": "is taking significant step forward. This"}, {"start": "00:03:01", "end": "00:03:04", "text": "is the headline, right? I want to talk"}, {"start": "00:03:03", "end": "00:03:07", "text": "about this for a moment though. In"}, {"start": "00:03:04", "end": "00:03:09", "text": "addition, the order will will"}, {"start": "00:03:07", "end": "00:03:11", "text": "temporarily also temporarily grant a"}, {"start": "00:03:09", "end": "00:03:13", "text": "conditional exemption from the"}, {"start": "00:03:11", "end": "00:03:15", "text": "definition of dealer as defined in"}, {"start": "00:03:13", "end": "00:03:17", "text": "section 3A5 of the exchange act to"}, {"start": "00:03:15", "end": "00:03:19", "text": "liquidity provider. You might hear some"}, {"start": "00:03:17", "end": "00:03:22", "text": "people talking about this because this"}, {"start": "00:03:19", "end": "00:03:25", "text": "is a massive foundational part of what"}, {"start": "00:03:22", "end": "00:03:29", "text": "is actually taking place right now. The"}, {"start": "00:03:25", "end": "00:03:30", "text": "SEC, they didn't just legalize,"}, {"start": "00:03:29", "end": "00:03:33", "text": "you know, they didn't just legalize the"}, {"start": "00:03:30", "end": "00:03:35", "text": "decks, they legalized the liquidity"}, {"start": "00:03:33", "end": "00:03:37", "text": "providers, too. And this is why I'm"}, {"start": "00:03:35", "end": "00:03:40", "text": "saying this is foundational. the people"}, {"start": "00:03:37", "end": "00:03:43", "text": "that are putting stock tokens into these"}, {"start": "00:03:40", "end": "00:03:47", "text": "pools and actually earning fees on the"}, {"start": "00:03:43", "end": "00:03:50", "text": "trades, they don't have to register as"}, {"start": "00:03:47", "end": "00:03:52", "text": "dealers. And I can't explain to you how"}, {"start": "00:03:50", "end": "00:03:54", "text": "big of a deal that is. Even if they're"}, {"start": "00:03:52", "end": "00:03:55", "text": "acting as professional market makers,"}, {"start": "00:03:54", "end": "00:03:58", "text": "they don't have to register as dealers."}, {"start": "00:03:55", "end": "00:04:01", "text": "Two years ago, everybody, when we had"}, {"start": "00:03:58", "end": "00:04:03", "text": "Gary Gendler and the SEC, this is"}, {"start": "00:04:01", "end": "00:04:05", "text": "exactly"}, {"start": "00:04:03", "end": "00:04:08", "text": "the opposite of what they were trying to"}, {"start": "00:04:05", "end": "00:04:10", "text": "do. we are in a complete 180 direction"}, {"start": "00:04:08", "end": "00:04:12", "text": "in the right direction for the crypto"}, {"start": "00:04:10", "end": "00:04:15", "text": "space and I'm telling you it is because"}, {"start": "00:04:12", "end": "00:04:19", "text": "of this guy uh Paul Atkins he's doing"}, {"start": "00:04:15", "end": "00:04:21", "text": "work and so what I want to kind of I"}, {"start": "00:04:19", "end": "00:04:23", "text": "want to bridge the gap here and it is"}, {"start": "00:04:21", "end": "00:04:26", "text": "this because if you've noticed recently"}, {"start": "00:04:23", "end": "00:04:28", "text": "Coinbase for instance"}, {"start": "00:04:26", "end": "00:04:30", "text": "open stock trading to everyone in the US"}, {"start": "00:04:28", "end": "00:04:33", "text": "this is already going on partners with"}, {"start": "00:04:30", "end": "00:04:34", "text": "Yahoo Finance to power discovery like"}, {"start": "00:04:33", "end": "00:04:36", "text": "you've been able to buy stocks on"}, {"start": "00:04:34", "end": "00:04:39", "text": "Coinbase since February"}, {"start": "00:04:36", "end": "00:04:42", "text": "But that's just like a normal brokerage"}, {"start": "00:04:39", "end": "00:04:44", "text": "account inside something like a crypto"}, {"start": "00:04:42", "end": "00:04:47", "text": "app like something like Coinbase. What"}, {"start": "00:04:44", "end": "00:04:52", "text": "the SEC did today is let the actual"}, {"start": "00:04:47", "end": "00:04:56", "text": "share become a token that trades on"}, {"start": "00:04:52", "end": "00:04:58", "text": "chain 24/7 through a liquidity pool. So,"}, {"start": "00:04:56", "end": "00:05:01", "text": "one is a crypto app selling and it's"}, {"start": "00:04:58", "end": "00:05:04", "text": "cool selling you stocks kind of the old"}, {"start": "00:05:01", "end": "00:05:08", "text": "way and the other is the stock market"}, {"start": "00:05:04", "end": "00:05:10", "text": "itself moving on to crypto rails"}, {"start": "00:05:08", "end": "00:05:14", "text": "activated today. This is happening now."}, {"start": "00:05:10", "end": "00:05:18", "text": "This is what the SEC and Paul Atkins"}, {"start": "00:05:14", "end": "00:05:20", "text": "just did and it's because they they did"}, {"start": "00:05:18", "end": "00:05:23", "text": "it very swiftly because of what just"}, {"start": "00:05:20", "end": "00:05:26", "text": "happened the other day. Democrats really"}, {"start": "00:05:23", "end": "00:05:28", "text": "unleashed the crypto bulls. That's"}, {"start": "00:05:26", "end": "00:05:30", "text": "really what's happening in my opinion."}, {"start": "00:05:28", "end": "00:05:32", "text": "So, we have Ryan Van Gra over here from"}, {"start": "00:05:30", "end": "00:05:34", "text": "Coinbase. Um, as anticipated, clear"}, {"start": "00:05:32", "end": "00:05:36", "text": "rules are coming. Today's clarity comes"}, {"start": "00:05:34", "end": "00:05:38", "text": "courtesy of SEC Atkins, not Congress."}, {"start": "00:05:36", "end": "00:05:40", "text": "Today's clarity, notice that"}, {"start": "00:05:38", "end": "00:05:42", "text": "tokenization is the biggest upgrade to"}, {"start": "00:05:40", "end": "00:05:44", "text": "financial infrastructure since Wall"}, {"start": "00:05:42", "end": "00:05:46", "text": "Street ditched paper for electronic"}, {"start": "00:05:44", "end": "00:05:47", "text": "trading. Think about how long ago that"}, {"start": "00:05:46", "end": "00:05:49", "text": "was. It's no longer a question of"}, {"start": "00:05:47", "end": "00:05:51", "text": "whether tokenization will reshape"}, {"start": "00:05:49", "end": "00:05:53", "text": "finance. It's a question of where the"}, {"start": "00:05:51", "end": "00:05:55", "text": "SEC's innovation exemption is the first"}, {"start": "00:05:53", "end": "00:05:57", "text": "step to bringing this technology on"}, {"start": "00:05:55", "end": "00:06:00", "text": "shore and pulling our financial system"}, {"start": "00:05:57", "end": "00:06:02", "text": "into the 21st century. Robin Hood"}, {"start": "00:06:00", "end": "00:06:04", "text": "reacting. So Robin Hood supports SEC"}, {"start": "00:06:02", "end": "00:06:07", "text": "innovation exemption. America deserves"}, {"start": "00:06:04", "end": "00:06:08", "text": "Americans deserve access to crypto"}, {"start": "00:06:07", "end": "00:06:10", "text": "technology and all the financial"}, {"start": "00:06:08", "end": "00:06:12", "text": "invasions it makes possible, including"}, {"start": "00:06:10", "end": "00:06:14", "text": "instant settlement, 247 trading,"}, {"start": "00:06:12", "end": "00:06:16", "text": "fractionalization by default. Robin Hood"}, {"start": "00:06:14", "end": "00:06:19", "text": "is so bullish on this news, everybody."}, {"start": "00:06:16", "end": "00:06:21", "text": "Uh here's somebody actually from from"}, {"start": "00:06:19", "end": "00:06:24", "text": "Robin Hood's uh it looks like uh VP of"}, {"start": "00:06:21", "end": "00:06:26", "text": "international crypto"}, {"start": "00:06:24", "end": "00:06:28", "text": "SEC innovation exemptions signal that"}, {"start": "00:06:26", "end": "00:06:30", "text": "tokenization is ready to come to the US."}, {"start": "00:06:28", "end": "00:06:32", "text": "This is a major step by the agency and"}, {"start": "00:06:30", "end": "00:06:34", "text": "will allow liquid tokenized securities"}, {"start": "00:06:32", "end": "00:06:35", "text": "markets to develop on shore everybody."}, {"start": "00:06:34", "end": "00:06:37", "text": "The capital that we've been talking"}, {"start": "00:06:35", "end": "00:06:39", "text": "about the innovation we've been talking"}, {"start": "00:06:37", "end": "00:06:40", "text": "about man Clarity Act come on let's pass"}, {"start": "00:06:39", "end": "00:06:42", "text": "we need we need that capital we need"}, {"start": "00:06:40", "end": "00:06:45", "text": "that innovation to flood into the US"}, {"start": "00:06:42", "end": "00:06:47", "text": "clarity failed. Well, guess what? Paul"}, {"start": "00:06:45", "end": "00:06:49", "text": "Atkins and the SEC, they have just"}, {"start": "00:06:47", "end": "00:06:51", "text": "absolutely reversed it. They are"}, {"start": "00:06:49", "end": "00:06:54", "text": "stepping in and they are allowing now"}, {"start": "00:06:51", "end": "00:06:57", "text": "for the innovation activating today,"}, {"start": "00:06:54", "end": "00:06:59", "text": "implemented and ready today. They are"}, {"start": "00:06:57", "end": "00:07:01", "text": "doing this. Smart regulation accelerates"}, {"start": "00:06:59", "end": "00:07:03", "text": "innovation. Looking forward to what we"}, {"start": "00:07:01", "end": "00:07:05", "text": "build next. I know I'm I'm enthusiastic."}, {"start": "00:07:03", "end": "00:07:07", "text": "I'm enthusiastic because I've been"}, {"start": "00:07:05", "end": "00:07:09", "text": "covering crypto for how long on this"}, {"start": "00:07:07", "end": "00:07:11", "text": "YouTube channel? I've been a crypto"}, {"start": "00:07:09", "end": "00:07:13", "text": "investor with all of you and it's just"}, {"start": "00:07:11", "end": "00:07:16", "text": "been, you know, non-stop barriers and"}, {"start": "00:07:13", "end": "00:07:19", "text": "hurdles and it's just really cool to see"}, {"start": "00:07:16", "end": "00:07:22", "text": "the space continue to mature and open"}, {"start": "00:07:19", "end": "00:07:24", "text": "up. And I'm telling you, I think we are"}, {"start": "00:07:22", "end": "00:07:26", "text": "so early. I didn't show one chart in"}, {"start": "00:07:24", "end": "00:07:29", "text": "this video. I don't need to. We are so"}, {"start": "00:07:26", "end": "00:07:30", "text": "early in terms of valuations of so many"}, {"start": "00:07:29", "end": "00:07:34", "text": "of the projects for Bitcoin and all"}, {"start": "00:07:30", "end": "00:07:35", "text": "these other cryptos because of"}, {"start": "00:07:34", "end": "00:07:37", "text": "all the capital that has been sidelined,"}, {"start": "00:07:35", "end": "00:07:39", "text": "all the innovation that has been"}, {"start": "00:07:37", "end": "00:07:42", "text": "sidelined. I get excited when that stuff"}, {"start": "00:07:39", "end": "00:07:43", "text": "starts opening up. So, those are my"}, {"start": "00:07:42", "end": "00:07:44", "text": "thoughts today. I wanted to cover this"}, {"start": "00:07:43", "end": "00:07:45", "text": "news. I wanted to bring it to you. I'll"}, {"start": "00:07:44", "end": "00:07:48", "text": "probably do another video later, maybe"}, {"start": "00:07:45", "end": "00:07:49", "text": "later today, going over price action and"}, {"start": "00:07:48", "end": "00:07:50", "text": "charts and everything, but this is too"}, {"start": "00:07:49", "end": "00:07:51", "text": "big of news not to cover. So, I"}, {"start": "00:07:50", "end": "00:07:53", "text": "appreciate you. If you're not a"}, {"start": "00:07:51", "end": "00:07:55", "text": "subscriber, hit the subscribe for crypto"}, {"start": "00:07:53", "end": "00:07:57", "text": "analysis, crypto news. I try to stay up"}, {"start": "00:07:55", "end": "00:08:00", "text": "to date. I also try to just be"}, {"start": "00:07:57", "end": "00:08:02", "text": "objective, anticipate all scenarios, and"}, {"start": "00:08:00", "end": "00:08:04", "text": "kind of look through the lens of a macro"}, {"start": "00:08:02", "end": "00:08:05", "text": "value investor. So, if that's something"}, {"start": "00:08:04", "end": "00:08:06", "text": "that you might be interested in, hit"}, {"start": "00:08:05", "end": "00:08:08", "text": "that subscribe and hit that like if you"}, {"start": "00:08:06", "end": "00:08:10", "text": "enjoyed the video. It helps the channel"}, {"start": "00:08:08", "end": "00:08:13", "text": "a lot. I will see you in the next video."}, {"start": "00:08:10", "end": "00:08:13", "text": "God bless."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "Well, it happened. Clarity just died"}, {"start": "00:00:02", "end": "00:00:09", "text": "today on the Senate floor and I covered"}, {"start": "00:00:05", "end": "00:00:11", "text": "it live. 49 to 50. We needed 60 votes. I"}, {"start": "00:00:09", "end": "00:00:12", "text": "mean, really wasn't even close. And I'm"}, {"start": "00:00:11", "end": "00:00:13", "text": "out here talking to you about it's a"}, {"start": "00:00:12", "end": "00:00:16", "text": "beautiful night because I want to say"}, {"start": "00:00:13", "end": "00:00:19", "text": "one thing before"}, {"start": "00:00:16", "end": "00:00:21", "text": "you start getting too down the rabbit"}, {"start": "00:00:19", "end": "00:00:26", "text": "hole of negative headlines, all the doom"}, {"start": "00:00:21", "end": "00:00:30", "text": "takes over your feed. We have a backup"}, {"start": "00:00:26", "end": "00:00:32", "text": "plan. It's the SEC and the CFTC. And you"}, {"start": "00:00:30", "end": "00:00:35", "text": "know what? It's not like this needs to"}, {"start": "00:00:32", "end": "00:00:37", "text": "trigger now. It's already running and"}, {"start": "00:00:35", "end": "00:00:42", "text": "it's been running. The backup plan was"}, {"start": "00:00:37", "end": "00:00:44", "text": "never a backup. It's in place. Nobody at"}, {"start": "00:00:42", "end": "00:00:47", "text": "these agencies, SEC and CFTC, waited for"}, {"start": "00:00:44", "end": "00:00:49", "text": "Congress. They're ahead of the game. So,"}, {"start": "00:00:47", "end": "00:00:51", "text": "first we have the CFTC August 20th. If"}, {"start": "00:00:49", "end": "00:00:54", "text": "clarity continues to stall because of"}, {"start": "00:00:51", "end": "00:00:55", "text": "Democrat obstruction, the CFTC will"}, {"start": "00:00:54", "end": "00:00:57", "text": "utilize its existing authorities to"}, {"start": "00:00:55", "end": "00:00:59", "text": "begin establishing a regime for crypto"}, {"start": "00:00:57", "end": "00:01:01", "text": "asset markets. We owe it to the American"}, {"start": "00:00:59", "end": "00:01:03", "text": "people to do so. President Trump's"}, {"start": "00:01:01", "end": "00:01:05", "text": "promise to deliver a crypto asset market"}, {"start": "00:01:03", "end": "00:01:07", "text": "structure, and we will help him deliver"}, {"start": "00:01:05", "end": "00:01:11", "text": "on that promise. Chairman Celich said"}, {"start": "00:01:07", "end": "00:01:13", "text": "he's already directed staff to build a"}, {"start": "00:01:11", "end": "00:01:16", "text": "crypto market structure using the"}, {"start": "00:01:13", "end": "00:01:18", "text": "authority the agency already has. So,"}, {"start": "00:01:16", "end": "00:01:22", "text": "this was in August. crypto exchange is"}, {"start": "00:01:18", "end": "00:01:25", "text": "designated as a new type of CFTC market"}, {"start": "00:01:22", "end": "00:01:28", "text": "offering leverage trading under CFTC"}, {"start": "00:01:25", "end": "00:01:32", "text": "rules staff working directly with"}, {"start": "00:01:28", "end": "00:01:35", "text": "onchain developers on a legal path in"}, {"start": "00:01:32", "end": "00:01:39", "text": "the US and he was very clear if clarity"}, {"start": "00:01:35", "end": "00:01:43", "text": "stalls he's telling staff to move fast"}, {"start": "00:01:39", "end": "00:01:46", "text": "on proposing those rules guess what the"}, {"start": "00:01:43", "end": "00:01:47", "text": "bill stalled today so the clock on those"}, {"start": "00:01:46", "end": "00:01:49", "text": "rules"}, {"start": "00:01:47", "end": "00:01:53", "text": "just started. Then we have the SEC Paul"}, {"start": "00:01:49", "end": "00:01:56", "text": "Atkins August 18th regulation crypto"}, {"start": "00:01:53", "end": "00:01:58", "text": "assets. And this isn't somebody saying"}, {"start": "00:01:56", "end": "00:02:01", "text": "that they might do something here. This"}, {"start": "00:01:58", "end": "00:02:05", "text": "is an actual proposal sitting directly"}, {"start": "00:02:01", "end": "00:02:07", "text": "on the table. Startups can raise up to"}, {"start": "00:02:05", "end": "00:02:09", "text": "$5 million over four years. There's a"}, {"start": "00:02:07", "end": "00:02:11", "text": "bigger exemption up to 75 million if you"}, {"start": "00:02:09", "end": "00:02:14", "text": "do proper disclosures. and there's a"}, {"start": "00:02:11", "end": "00:02:18", "text": "safe harbor for when your token stops"}, {"start": "00:02:14", "end": "00:02:21", "text": "being treated as an actual security. So"}, {"start": "00:02:18", "end": "00:02:25", "text": "that's fundraising and disclosures. That"}, {"start": "00:02:21", "end": "00:02:28", "text": "is the exact stuff founders have been"}, {"start": "00:02:25", "end": "00:02:31", "text": "begging for for years and it's in"}, {"start": "00:02:28", "end": "00:02:34", "text": "rulemaking right now. Earlier this year,"}, {"start": "00:02:31", "end": "00:02:37", "text": "the SEC and the CFTC already put out a"}, {"start": "00:02:34", "end": "00:02:40", "text": "joint interpretation on staking, mining,"}, {"start": "00:02:37", "end": "00:02:42", "text": "airdrops, all of that. It's already been"}, {"start": "00:02:40", "end": "00:02:45", "text": "done. and stable coins. Genius Act is"}, {"start": "00:02:42", "end": "00:02:48", "text": "law everybody. OCC is writing the rules."}, {"start": "00:02:45", "end": "00:02:51", "text": "It's a separate track entirely. That's"}, {"start": "00:02:48", "end": "00:02:53", "text": "already in play. So today change nothing"}, {"start": "00:02:51", "end": "00:02:55", "text": "there. So when you see these headlines,"}, {"start": "00:02:53", "end": "00:02:57", "text": "I know it's been a disappointing day. We"}, {"start": "00:02:55", "end": "00:02:59", "text": "waited a year for this. I know. But the"}, {"start": "00:02:57", "end": "00:03:04", "text": "headlines crypto fails or crypto bill"}, {"start": "00:02:59", "end": "00:03:06", "text": "fails tonight, tomorrow, it's just one"}, {"start": "00:03:04", "end": "00:03:09", "text": "avenue that crypto had. It was a good"}, {"start": "00:03:06", "end": "00:03:12", "text": "one, but it was just one avenue. There"}, {"start": "00:03:09", "end": "00:03:15", "text": "are other avenues and the two other"}, {"start": "00:03:12", "end": "00:03:17", "text": "avenues were already open. So there's"}, {"start": "00:03:15", "end": "00:03:19", "text": "one catch to the entire thing and it's"}, {"start": "00:03:17", "end": "00:03:22", "text": "not all these bugs flying in my face."}, {"start": "00:03:19", "end": "00:03:25", "text": "Agencies can only use authority that"}, {"start": "00:03:22", "end": "00:03:27", "text": "Congress has already handed them. Actual"}, {"start": "00:03:25", "end": "00:03:29", "text": "rules, they can get challenged in court"}, {"start": "00:03:27", "end": "00:03:31", "text": "and a new administration, if Democrats"}, {"start": "00:03:29", "end": "00:03:34", "text": "all of a sudden take over, can come in"}, {"start": "00:03:31", "end": "00:03:36", "text": "and flip everything around and back to"}, {"start": "00:03:34", "end": "00:03:40", "text": "how it was before. The Clarity Act"}, {"start": "00:03:36", "end": "00:03:42", "text": "really was supposed to be this lock by"}, {"start": "00:03:40", "end": "00:03:44", "text": "statute, by law, and it just did not"}, {"start": "00:03:42", "end": "00:03:47", "text": "happen. And it really is unfortunate."}, {"start": "00:03:44", "end": "00:03:49", "text": "And it really is kind of this hit to the"}, {"start": "00:03:47", "end": "00:03:52", "text": "crypto industry. But a mess up in the"}, {"start": "00:03:49", "end": "00:03:53", "text": "entire plan doesn't mean that there's no"}, {"start": "00:03:52", "end": "00:03:56", "text": "plan because there are things that this"}, {"start": "00:03:53", "end": "00:03:59", "text": "vote can't do. It doesn't tell me"}, {"start": "00:03:56", "end": "00:04:02", "text": "anything about whether manufacturing can"}, {"start": "00:03:59", "end": "00:04:04", "text": "hold up an expansion cycle or where"}, {"start": "00:04:02", "end": "00:04:06", "text": "liquidity is going over the next six"}, {"start": "00:04:04", "end": "00:04:08", "text": "months or whether capital is getting"}, {"start": "00:04:06", "end": "00:04:10", "text": "ready to take risk again further down"}, {"start": "00:04:08", "end": "00:04:12", "text": "that risk curve that I always talk about"}, {"start": "00:04:10", "end": "00:04:14", "text": "in terms of the business cycle shifting."}, {"start": "00:04:12", "end": "00:04:15", "text": "Crypto is the last domino to fall on"}, {"start": "00:04:14", "end": "00:04:18", "text": "that risk curve. That's the business"}, {"start": "00:04:15", "end": "00:04:21", "text": "cycle. That was the thesis before the"}, {"start": "00:04:18", "end": "00:04:23", "text": "vote and that is 100% still more"}, {"start": "00:04:21", "end": "00:04:25", "text": "paramount and in play. So, it's the"}, {"start": "00:04:23", "end": "00:04:27", "text": "foundational thesis before the vote as"}, {"start": "00:04:25", "end": "00:04:28", "text": "well as after the vote, no matter what"}, {"start": "00:04:27", "end": "00:04:31", "text": "happens with the vote. And no"}, {"start": "00:04:28", "end": "00:04:33", "text": "regulation, good or bad, makes a token"}, {"start": "00:04:31", "end": "00:04:37", "text": "worth owning. There still has to be a"}, {"start": "00:04:33", "end": "00:04:38", "text": "reason to own what you own. That hasn't"}, {"start": "00:04:37", "end": "00:04:40", "text": "changed either. I'm just relieved this"}, {"start": "00:04:38", "end": "00:04:42", "text": "entire countdown is over. We spent"}, {"start": "00:04:40", "end": "00:04:45", "text": "months refreshing X, looking for"}, {"start": "00:04:42", "end": "00:04:48", "text": "updates, doing videos about Clarity Act,"}, {"start": "00:04:45", "end": "00:04:51", "text": "talking about whip counts. It's all"}, {"start": "00:04:48", "end": "00:04:52", "text": "done. It's done. And the uncertainty of"}, {"start": "00:04:51", "end": "00:04:55", "text": "all of this is over and behind the"}, {"start": "00:04:52", "end": "00:04:57", "text": "crypto space. Crypto hates uncertainty."}, {"start": "00:04:55", "end": "00:04:59", "text": "So, I'm just absolutely hyped that it's"}, {"start": "00:04:57", "end": "00:05:01", "text": "over. I'm absolutely hyped that we have"}, {"start": "00:04:59", "end": "00:05:04", "text": "an awesome SEC chair. I'm very grateful"}, {"start": "00:05:01", "end": "00:05:07", "text": "for it. Imagine if Gary Gendler was in"}, {"start": "00:05:04", "end": "00:05:09", "text": "chair right now of SEC. We have a lot to"}, {"start": "00:05:07", "end": "00:05:11", "text": "be grateful for as an industry and as a"}, {"start": "00:05:09", "end": "00:05:15", "text": "crypto space. And I will say this one"}, {"start": "00:05:11", "end": "00:05:16", "text": "thing, crypto is not going anywhere. It"}, {"start": "00:05:15", "end": "00:05:19", "text": "is time to charge forward. The"}, {"start": "00:05:16", "end": "00:05:21", "text": "opportunity is better than it's ever"}, {"start": "00:05:19", "end": "00:05:23", "text": "been across these cycles. We are at a"}, {"start": "00:05:21", "end": "00:05:26", "text": "business cycle low getting ready for"}, {"start": "00:05:23", "end": "00:05:28", "text": "expansion. None of that has changed. It"}, {"start": "00:05:26", "end": "00:05:30", "text": "was a disappointing day, but we pick"}, {"start": "00:05:28", "end": "00:05:32", "text": "ourselves up and we move forward as an"}, {"start": "00:05:30", "end": "00:05:34", "text": "industry. That's what crypto always"}, {"start": "00:05:32", "end": "00:05:36", "text": "does. And I wanted to kind of just share"}, {"start": "00:05:34", "end": "00:05:39", "text": "that with you that we do have the SEC"}, {"start": "00:05:36", "end": "00:05:42", "text": "and the CFTC in play right now doing"}, {"start": "00:05:39", "end": "00:05:44", "text": "work for the crypto space. So, with that"}, {"start": "00:05:42", "end": "00:05:47", "text": "being said, I'm not going to let one"}, {"start": "00:05:44", "end": "00:05:50", "text": "headline, one really disappointing day"}, {"start": "00:05:47", "end": "00:05:52", "text": "erase the progress that has already"}, {"start": "00:05:50", "end": "00:05:53", "text": "happened in the crypto space. The"}, {"start": "00:05:52", "end": "00:05:56", "text": "market's going to do what it's going to"}, {"start": "00:05:53", "end": "00:05:58", "text": "do tomorrow and the rest of this week."}, {"start": "00:05:56", "end": "00:06:00", "text": "But with that being said, that's on the"}, {"start": "00:05:58", "end": "00:06:03", "text": "zoomed in. If you're a macro value"}, {"start": "00:06:00", "end": "00:06:05", "text": "investor, we all know what the zoomed"}, {"start": "00:06:03", "end": "00:06:07", "text": "out looks like. And to me, it looks like"}, {"start": "00:06:05", "end": "00:06:08", "text": "opportunity. Appreciate you watching"}, {"start": "00:06:07", "end": "00:06:10", "text": "everybody. Hit that subscribe if you're"}, {"start": "00:06:08", "end": "00:06:12", "text": "not a subscriber. I'll see you in the"}, {"start": "00:06:10", "end": "00:06:12", "text": "next video."}]

[{"start": "00:00:01", "end": "00:00:05", "text": "You and I basically waited around a year"}, {"start": "00:00:03", "end": "00:00:06", "text": "for this everybody. Clarity act vote"}, {"start": "00:00:05", "end": "00:00:09", "text": "finally for the crypto space. And as I"}, {"start": "00:00:06", "end": "00:00:11", "text": "start this video,"}, {"start": "00:00:09", "end": "00:00:12", "text": "I I didn't think we'd be going into"}, {"start": "00:00:11", "end": "00:00:14", "text": "this. I didn't think this day would be"}, {"start": "00:00:12", "end": "00:00:16", "text": "here where it's it's not looking great"}, {"start": "00:00:14", "end": "00:00:18", "text": "as I start the video. And by the end of"}, {"start": "00:00:16", "end": "00:00:19", "text": "the live stream, maybe everything"}, {"start": "00:00:18", "end": "00:00:20", "text": "changes. I don't know what's going to"}, {"start": "00:00:19", "end": "00:00:22", "text": "happen. We're going to go through this"}, {"start": "00:00:20", "end": "00:00:24", "text": "as we set this up. Um we're not yet"}, {"start": "00:00:22", "end": "00:00:26", "text": "live, but we're going to track this"}, {"start": "00:00:24", "end": "00:00:27", "text": "here. What I did for the purpose of the"}, {"start": "00:00:26", "end": "00:00:28", "text": "video is we kind of go through this. I"}, {"start": "00:00:27", "end": "00:00:30", "text": "don't know if it's going to work or not."}, {"start": "00:00:28", "end": "00:00:32", "text": "I'm going to do my best. I put together"}, {"start": "00:00:30", "end": "00:00:34", "text": "this little chart for us to kind of work"}, {"start": "00:00:32", "end": "00:00:37", "text": "through to get a visualization. I'm a"}, {"start": "00:00:34", "end": "00:00:41", "text": "visual person. This is probably why I do"}, {"start": "00:00:37", "end": "00:00:42", "text": "analysis. Um, and by the way, everybody,"}, {"start": "00:00:41", "end": "00:00:45", "text": "where we are in the cycles, I just want"}, {"start": "00:00:42", "end": "00:00:49", "text": "to point out to you, the Clarity Act is"}, {"start": "00:00:45", "end": "00:00:51", "text": "very important. It's a big deal. But"}, {"start": "00:00:49", "end": "00:00:54", "text": "crypto's not going anywhere. Crypto"}, {"start": "00:00:51", "end": "00:00:57", "text": "cycles, they are what they are. We are"}, {"start": "00:00:54", "end": "00:00:59", "text": "here in a crypto cycle. You know what?"}, {"start": "00:00:57", "end": "00:01:01", "text": "We didn't have clarity act right here"}, {"start": "00:00:59", "end": "00:01:03", "text": "going into that. We didn't have clarity"}, {"start": "00:01:01", "end": "00:01:06", "text": "act here going into this. We didn't have"}, {"start": "00:01:03", "end": "00:01:09", "text": "clarity act go here going into this."}, {"start": "00:01:06", "end": "00:01:11", "text": "So point being it's not the end of"}, {"start": "00:01:09", "end": "00:01:15", "text": "crypto. I just want to start by saying"}, {"start": "00:01:11", "end": "00:01:16", "text": "that with that being said I did create"}, {"start": "00:01:15", "end": "00:01:21", "text": "this thing so we can as we go through"}, {"start": "00:01:16", "end": "00:01:24", "text": "this visualize what's going on. We need"}, {"start": "00:01:21", "end": "00:01:26", "text": "60 votes. Yes. We're pretty much as we"}, {"start": "00:01:24", "end": "00:01:29", "text": "start I would say around 49. I did my"}, {"start": "00:01:26", "end": "00:01:32", "text": "best in terms of research to get the ind"}, {"start": "00:01:29", "end": "00:01:34", "text": "undecided uh votes in yellow. You'll"}, {"start": "00:01:32", "end": "00:01:37", "text": "notice there's some Republicans in here,"}, {"start": "00:01:34", "end": "00:01:39", "text": "everybody. So, it's not just uh all"}, {"start": "00:01:37", "end": "00:01:42", "text": "Democrats, but it's mostly Democrats"}, {"start": "00:01:39", "end": "00:01:43", "text": "that are either no or undecided. And as"}, {"start": "00:01:42", "end": "00:01:46", "text": "we go through and maybe we get some"}, {"start": "00:01:43", "end": "00:01:49", "text": "votes, we can go on here and we can"}, {"start": "00:01:46", "end": "00:01:51", "text": "change uh"}, {"start": "00:01:49", "end": "00:01:53", "text": "if necessary. Well, it will be"}, {"start": "00:01:51", "end": "00:01:55", "text": "necessary. So, that's what we're going"}, {"start": "00:01:53", "end": "00:01:58", "text": "to do. That's the purpose of the video."}, {"start": "00:01:55", "end": "00:02:00", "text": "If you are out there"}, {"start": "00:01:58", "end": "00:02:02", "text": "um in the live stream, thanks for"}, {"start": "00:02:00", "end": "00:02:04", "text": "cruising by. Smash that like for me. It"}, {"start": "00:02:02", "end": "00:02:06", "text": "helps the channel a ton and really"}, {"start": "00:02:04", "end": "00:02:08", "text": "appreciate it. We're going to have a lot"}, {"start": "00:02:06", "end": "00:02:11", "text": "of people out there. I told you I was"}, {"start": "00:02:08", "end": "00:02:14", "text": "right. It was not It was not passed."}, {"start": "00:02:11", "end": "00:02:17", "text": "What else we got?"}, {"start": "00:02:14", "end": "00:02:18", "text": "I don't think it passes."}, {"start": "00:02:17", "end": "00:02:19", "text": "And I think it goes in phases being"}, {"start": "00:02:18", "end": "00:02:22", "text": "passed. Let's talk about that a little"}, {"start": "00:02:19", "end": "00:02:26", "text": "bit um as we wait for the the live"}, {"start": "00:02:22", "end": "00:02:27", "text": "stream to kind of start. It says 1:50"}, {"start": "00:02:26", "end": "00:02:29", "text": "p.m., so they might just start talking a"}, {"start": "00:02:27", "end": "00:02:32", "text": "little bit, maybe like getting"}, {"start": "00:02:29", "end": "00:02:35", "text": "attendance. I saw this post from Eleanor"}, {"start": "00:02:32", "end": "00:02:38", "text": "as we wait for the stream to start. Um,"}, {"start": "00:02:35", "end": "00:02:40", "text": "this is, I think, her most recent post"}, {"start": "00:02:38", "end": "00:02:42", "text": "basically like a half hour ago. With"}, {"start": "00:02:40", "end": "00:02:44", "text": "just an hour to go until senators vote"}, {"start": "00:02:42", "end": "00:02:46", "text": "on the Clarity Act, the mood among"}, {"start": "00:02:44", "end": "00:02:47", "text": "negotiators on Capitol Hill is tense as"}, {"start": "00:02:46", "end": "00:02:49", "text": "talks come down to the wire. That's the"}, {"start": "00:02:47", "end": "00:02:51", "text": "thing. Even as I start this live stream,"}, {"start": "00:02:49", "end": "00:02:53", "text": "there's still talks going on. So, there"}, {"start": "00:02:51", "end": "00:02:55", "text": "is a bit of suspense. Democrats are"}, {"start": "00:02:53", "end": "00:02:57", "text": "still holding the line on changes to the"}, {"start": "00:02:55", "end": "00:02:59", "text": "bill's ethics provisions. Any further"}, {"start": "00:02:57", "end": "00:03:00", "text": "tweaks would likely require another"}, {"start": "00:02:59", "end": "00:03:02", "text": "signoff from the White House, and"}, {"start": "00:03:00", "end": "00:03:04", "text": "everyone involved is acutely aware that"}, {"start": "00:03:02", "end": "00:03:06", "text": "time is running out. Lots of really hard"}, {"start": "00:03:04", "end": "00:03:09", "text": "work is going on, but time is very"}, {"start": "00:03:06", "end": "00:03:11", "text": "short, one Democratic source said. A"}, {"start": "00:03:09", "end": "00:03:13", "text": "Republican source echoed that sentiment."}, {"start": "00:03:11", "end": "00:03:16", "text": "An industry source on the Hill today"}, {"start": "00:03:13", "end": "00:03:18", "text": "tells me they expect the bill to fall"}, {"start": "00:03:16", "end": "00:03:20", "text": "short of the 60 votes needed to advance"}, {"start": "00:03:18", "end": "00:03:23", "text": "following talks with lawmakers, but this"}, {"start": "00:03:20", "end": "00:03:27", "text": "is Congress and anything"}, {"start": "00:03:23", "end": "00:03:29", "text": "can happen. So, that's kind of the most"}, {"start": "00:03:27", "end": "00:03:32", "text": "recent update in terms of how things are"}, {"start": "00:03:29", "end": "00:03:33", "text": "looking as we start this. I do want to"}, {"start": "00:03:32", "end": "00:03:35", "text": "also mention if you're kind of entering"}, {"start": "00:03:33", "end": "00:03:37", "text": "the the live stream right now, I saw"}, {"start": "00:03:35", "end": "00:03:38", "text": "Metal Law Man made made a really good"}, {"start": "00:03:37", "end": "00:03:40", "text": "point. I don't want to lose sight of"}, {"start": "00:03:38", "end": "00:03:43", "text": "this. I I don't want to lose sight"}, {"start": "00:03:40", "end": "00:03:47", "text": "throughout this pass or fail. Even if it"}, {"start": "00:03:43", "end": "00:03:49", "text": "passes, crypto cycles are what they are."}, {"start": "00:03:47", "end": "00:03:51", "text": "When I think of my macro analysis, I"}, {"start": "00:03:49", "end": "00:03:53", "text": "think of the business cycle, right? And"}, {"start": "00:03:51", "end": "00:03:56", "text": "how this affects every asset class,"}, {"start": "00:03:53", "end": "00:03:58", "text": "including crypto. This is something that"}, {"start": "00:03:56", "end": "00:04:02", "text": "will remain, right? I think we have an"}, {"start": "00:03:58", "end": "00:04:05", "text": "incredible growth spurt, a very big"}, {"start": "00:04:02", "end": "00:04:06", "text": "expansion phase for crypto space um"}, {"start": "00:04:05", "end": "00:04:08", "text": "getting ready to happen. And I don't"}, {"start": "00:04:06", "end": "00:04:11", "text": "think that's not going to happen."}, {"start": "00:04:08", "end": "00:04:13", "text": "Clarity Act fails to pass. But beyond"}, {"start": "00:04:11", "end": "00:04:14", "text": "that,"}, {"start": "00:04:13", "end": "00:04:16", "text": "I want to point out what Metal Law Man"}, {"start": "00:04:14", "end": "00:04:19", "text": "said. In the event the closure vote on"}, {"start": "00:04:16", "end": "00:04:23", "text": "the Clarity Act fails today, I expect"}, {"start": "00:04:19", "end": "00:04:25", "text": "Chairman Celig and SEC Paul Atkins will"}, {"start": "00:04:23", "end": "00:04:29", "text": "come out with statements declaring that"}, {"start": "00:04:25", "end": "00:04:31", "text": "the CFTC and SEC intend to continue full"}, {"start": "00:04:29", "end": "00:04:33", "text": "steam ahead on adopting regulations for"}, {"start": "00:04:31", "end": "00:04:37", "text": "the crypto ecosystem. And that's kind of"}, {"start": "00:04:33", "end": "00:04:40", "text": "crazy to me to think about this that"}, {"start": "00:04:37", "end": "00:04:40", "text": "we're"}, {"start": "00:04:40", "end": "00:04:46", "text": "we're here finally with the Clariac vote"}, {"start": "00:04:44", "end": "00:04:47", "text": "and it is actually kind of negative"}, {"start": "00:04:46", "end": "00:04:51", "text": "circumstances. It doesn't look like it's"}, {"start": "00:04:47", "end": "00:04:54", "text": "promising, but the little sliver of like"}, {"start": "00:04:51", "end": "00:04:59", "text": "light for the crypto space for some"}, {"start": "00:04:54", "end": "00:05:01", "text": "clarity is the SEC. That's crazy because"}, {"start": "00:04:59", "end": "00:05:03", "text": "I know it has been years now. It feels"}, {"start": "00:05:01", "end": "00:05:06", "text": "like it still feels like it was like two"}, {"start": "00:05:03", "end": "00:05:08", "text": "months ago. But having SEC chair Gary"}, {"start": "00:05:06", "end": "00:05:11", "text": "Gendler in there trying to destroy the"}, {"start": "00:05:08", "end": "00:05:12", "text": "industry. The Senate will come to order"}, {"start": "00:05:11", "end": "00:05:16", "text": ">> that we are here in Atkins is"}, {"start": "00:05:12", "end": "00:05:16", "text": ">> recognize a senator from Massachusetts"}, {"start": "00:05:27", "end": "00:05:33", "text": "and we can get legislation that both"}, {"start": "00:05:29", "end": "00:05:36", "text": "Republicans and Democrats can agree ones"}, {"start": "00:05:33", "end": "00:05:40", "text": "of this bill to families to our economy"}, {"start": "00:05:36", "end": "00:05:40", "text": "and to our nationals to families."}, {"start": "00:05:41", "end": "00:05:47", "text": "that stops political self legisl"}, {"start": "00:06:00", "end": "00:06:04", "text": "on day one was this promise"}, {"start": "00:06:07", "end": "00:06:10", "text": "for understanding"}, {"start": "00:06:13", "end": "00:06:21", "text": "cheaper clean energy Trump"}, {"start": "00:06:18", "end": "00:06:24", "text": "energy policies from groceries to gas to"}, {"start": "00:06:21", "end": "00:06:26", "text": "healthare to utilities they are from"}, {"start": "00:06:24", "end": "00:06:28", "text": "groceries to gas to healthare to"}, {"start": "00:06:26", "end": "00:06:30", "text": "utilities while they are raising the"}, {"start": "00:06:28", "end": "00:06:33", "text": "cost for working people. And while"}, {"start": "00:06:30", "end": "00:06:35", "text": "Donald Trump is also using the"}, {"start": "00:06:33", "end": "00:06:37", "text": "president's working people to make Trump"}, {"start": "00:06:35", "end": "00:06:42", "text": "is also using the president's added"}, {"start": "00:06:37", "end": "00:06:44", "text": "crypto his ways to added crypto to"}, {"start": "00:06:42", "end": "00:06:47", "text": "instead of doubling down on efforts to"}, {"start": "00:06:44", "end": "00:06:50", "text": "prosecute crypto instead of doubling"}, {"start": "00:06:47", "end": "00:06:52", "text": "down to block terrorists and drug"}, {"start": "00:06:50", "end": "00:06:53", "text": "traffickers from using to block"}, {"start": "00:06:52", "end": "00:06:56", "text": "terrorist. I know there's an echo"}, {"start": "00:06:53", "end": "00:06:59", "text": "everybody from using crypto. Donald"}, {"start": "00:06:56", "end": "00:07:02", "text": "Trump his office. He's held crypto"}, {"start": "00:06:59", "end": "00:07:02", "text": "contest"}, {"start": "00:07:02", "end": "00:07:07", "text": "crypto"}, {"start": "00:07:05", "end": "00:07:11", "text": "dinner with president and he has"}, {"start": "00:07:07", "end": "00:07:12", "text": "appointed crypto friendly regulator."}, {"start": "00:07:11", "end": "00:07:15", "text": ">> Shortly before he was sworn in as"}, {"start": "00:07:12", "end": "00:07:18", "text": "president second time shortly before he"}, {"start": "00:07:15", "end": "00:07:21", "text": "was sworn in as president second time."}, {"start": "00:07:18", "end": "00:07:25", "text": "Trump opened his launch crypto in his"}, {"start": "00:07:21", "end": "00:07:29", "text": "head and as he talked up crypto money"}, {"start": "00:07:25", "end": "00:07:33", "text": "just kept rolling as he talked up 2025"}, {"start": "00:07:29", "end": "00:07:37", "text": "not my Trump and his family.4"}, {"start": "00:07:33", "end": "00:07:41", "text": "4 billion from their $1.4"}, {"start": "00:07:37", "end": "00:07:43", "text": "billion from their crypto crypto last"}, {"start": "00:07:41", "end": "00:07:47", "text": "year"}, {"start": "00:07:43", "end": "00:07:48", "text": "made public last year in America"}, {"start": "00:07:47", "end": "00:07:54", "text": "publicly"}, {"start": "00:07:48", "end": "00:07:54", "text": "crypto has more gain personal"}, {"start": "00:07:55", "end": "00:08:01", "text": "states from this bill than the president"}, {"start": "00:07:58", "end": "00:08:04", "text": "United States big time on crypto. So"}, {"start": "00:08:01", "end": "00:08:06", "text": "Trump's won big crypto who followed"}, {"start": "00:08:04", "end": "00:08:08", "text": "their lead."}, {"start": "00:08:06", "end": "00:08:12", "text": ">> People who bought into Trump's crypto"}, {"start": "00:08:08", "end": "00:08:14", "text": "ventures have lost billions of dollars."}, {"start": "00:08:12", "end": "00:08:18", "text": "For example, the fans who bought there"}, {"start": "00:08:14", "end": "00:08:19", "text": "everybody have lost nearly$4"}, {"start": "00:08:18", "end": "00:08:22", "text": "billion dollar"}, {"start": "00:08:19", "end": "00:08:23", "text": ">> and Trump just keeps pumping the crypto"}, {"start": "00:08:22", "end": "00:08:25", "text": "industry."}, {"start": "00:08:23", "end": "00:08:28", "text": ">> We're almost there. He has disbanded the"}, {"start": "00:08:25", "end": "00:08:31", "text": "DOJ's crypto enforcement team. He has"}, {"start": "00:08:28", "end": "00:08:33", "text": "dropped crypto enforcement actions"}, {"start": "00:08:31", "end": "00:08:35", "text": "against companies that donated millions"}, {"start": "00:08:33", "end": "00:08:37", "text": "of dollars to his campaign"}, {"start": "00:08:35", "end": "00:08:40", "text": ">> and you know how stressful that is"}, {"start": "00:08:37", "end": "00:08:41", "text": "multiple presidential pardons for"}, {"start": "00:08:40", "end": "00:08:43", "text": "criminal I don't have like a protection"}, {"start": "00:08:41", "end": "00:08:44", "text": "team over here convicted of serious"}, {"start": "00:08:43", "end": "00:08:47", "text": "crimes."}, {"start": "00:08:44", "end": "00:08:51", "text": ">> Trump and Elizabeth Warren is so"}, {"start": "00:08:47", "end": "00:08:55", "text": "extensive that he has infected crypto's"}, {"start": "00:08:51", "end": "00:08:58", "text": "entire financial regulatory framework."}, {"start": "00:08:55", "end": "00:09:01", "text": "Now, Republicans are not only turning a"}, {"start": "00:08:58", "end": "00:09:04", "text": "blind eye to Trump's corruption, now"}, {"start": "00:09:01", "end": "00:09:07", "text": "they want to vote today to boost that"}, {"start": "00:09:04", "end": "00:09:09", "text": "corruption."}, {"start": "00:09:07", "end": "00:09:12", "text": ">> Late on Sunday night, the Republicans"}, {"start": "00:09:09", "end": "00:09:14", "text": "released a new ethics provision that the"}, {"start": "00:09:12", "end": "00:09:19", "text": "Republicans negotiated with the White"}, {"start": "00:09:14", "end": "00:09:22", "text": "House. They read exactly like what the"}, {"start": "00:09:19", "end": "00:09:26", "text": "most corrupt president in our history"}, {"start": "00:09:22", "end": "00:09:28", "text": "would bless. a tiny little fig leaf that"}, {"start": "00:09:26", "end": "00:09:30", "text": "claims they're doing something about"}, {"start": "00:09:28", "end": "00:09:33", "text": "corruption, but that is carefully"}, {"start": "00:09:30", "end": "00:09:36", "text": "written to make sure that it will not"}, {"start": "00:09:33", "end": "00:09:40", "text": "prevent Donald Trump from making his"}, {"start": "00:09:36", "end": "00:09:44", "text": "next $1.4 billion in crypto profits."}, {"start": "00:09:40", "end": "00:09:47", "text": "First, the new text guarantees that"}, {"start": "00:09:44", "end": "00:09:50", "text": "Donald Trump will never ever be held"}, {"start": "00:09:47", "end": "00:09:53", "text": "accountable under the law. Why? because"}, {"start": "00:09:50", "end": "00:09:56", "text": "Trump's lap dogs would have the power to"}, {"start": "00:09:53", "end": "00:10:00", "text": "shut down any enforcement of the ethics"}, {"start": "00:09:56", "end": "00:10:02", "text": "provisions against Donald Trump. The"}, {"start": "00:10:00", "end": "00:10:04", "text": "text says the attorney general, you"}, {"start": "00:10:02", "end": "00:10:08", "text": "know, that is the guy who at his"}, {"start": "00:10:04", "end": "00:10:11", "text": "confirmation hearing said, quote, \"I am"}, {"start": "00:10:08", "end": "00:10:14", "text": "Trump's lawyer, not America's lawyer,"}, {"start": "00:10:11", "end": "00:10:16", "text": "Trump's lawyer.\" This is the guy who"}, {"start": "00:10:14", "end": "00:10:17", "text": "would decide whether to bring an"}, {"start": "00:10:16", "end": "00:10:20", "text": "enforcement action against the"}, {"start": "00:10:17", "end": "00:10:22", "text": "president. The bill would not allow"}, {"start": "00:10:20", "end": "00:10:24", "text": "state attorneys general to bring any"}, {"start": "00:10:22", "end": "00:10:28", "text": "enforcement actions against the"}, {"start": "00:10:24", "end": "00:10:30", "text": "president. All they could do is try to"}, {"start": "00:10:28", "end": "00:10:34", "text": ">> real quick. I'm sorry, but what does she"}, {"start": "00:10:30", "end": "00:10:35", "text": "think happens with no clarity act?"}, {"start": "00:10:34", "end": "00:10:38", "text": "Do you know what I'm saying?"}, {"start": "00:10:35", "end": "00:10:39", "text": ">> Here's the kicker. Nobody thinks that"}, {"start": "00:10:38", "end": "00:10:43", "text": "the attorney general is going to bring"}, {"start": "00:10:39", "end": "00:10:46", "text": "an action against Donald Trump, but this"}, {"start": "00:10:43", "end": "00:10:49", "text": "bill has belt and suspenders built right"}, {"start": "00:10:46", "end": "00:10:52", "text": "in to ensure that Donald Trump's"}, {"start": "00:10:49", "end": "00:10:55", "text": "money-making schemes just keep right on"}, {"start": "00:10:52", "end": "00:10:59", "text": "rolling. The bill says that Trump's"}, {"start": "00:10:55", "end": "00:11:02", "text": "handpicked cronies at his Office of"}, {"start": "00:10:59", "end": "00:11:06", "text": "Government Ethics can wave a magic wand"}, {"start": "00:11:02", "end": "00:11:08", "text": "by issuing a legal opinion. And then, as"}, {"start": "00:11:06", "end": "00:11:11", "text": "if by magic,"}, {"start": "00:11:08", "end": "00:11:14", "text": "Donald Trump would suddenly be protected"}, {"start": "00:11:11", "end": "00:11:17", "text": "from any enforcement at all against his"}, {"start": "00:11:14", "end": "00:11:20", "text": "next round of cryptocorruption."}, {"start": "00:11:17", "end": "00:11:22", "text": "An ethics restriction that the president"}, {"start": "00:11:20", "end": "00:11:26", "text": "himself"}, {"start": "00:11:22", "end": "00:11:28", "text": "can have completely waved is not an"}, {"start": "00:11:26", "end": "00:11:30", "text": "ethics restriction."}, {"start": "00:11:28", "end": "00:11:32", "text": "Now, second,"}, {"start": "00:11:30", "end": "00:11:35", "text": "even if these provisions were"}, {"start": "00:11:32", "end": "00:11:38", "text": "enforcable, there are massive loopholes"}, {"start": "00:11:35", "end": "00:11:41", "text": "in them that would allow Trump to"}, {"start": "00:11:38", "end": "00:11:44", "text": "continue juicing his crypto empire."}, {"start": "00:11:41", "end": "00:11:47", "text": "Under the new text, Trump would be"}, {"start": "00:11:44", "end": "00:11:49", "text": "allowed to continue making hundreds of"}, {"start": "00:11:47", "end": "00:11:51", "text": "millions of dollars from his crypto"}, {"start": "00:11:49", "end": "00:11:54", "text": "ventures, including World Liberty"}, {"start": "00:11:51", "end": "00:11:57", "text": "Financial and his memecoin."}, {"start": "00:11:54", "end": "00:12:01", "text": "Not only would Trump easily be able to"}, {"start": "00:11:57", "end": "00:12:04", "text": "keep or restructure his existing crypto"}, {"start": "00:12:01", "end": "00:12:07", "text": "ventures, he would also be able to"}, {"start": "00:12:04", "end": "00:12:10", "text": "create new ones. Extra corruption. For"}, {"start": "00:12:07", "end": "00:12:13", "text": "example, this new text does nothing to"}, {"start": "00:12:10", "end": "00:12:16", "text": "stop Donald Trump from becoming the"}, {"start": "00:12:13", "end": "00:12:20", "text": "first president in American history to"}, {"start": "00:12:16", "end": "00:12:22", "text": "own and regulate his own bank. And"}, {"start": "00:12:20", "end": "00:12:26", "text": "lastly, Trump could just put his"}, {"start": "00:12:22", "end": "00:12:29", "text": "holdings in a blind trust in name only"}, {"start": "00:12:26", "end": "00:12:31", "text": "while still knowing exactly what assets"}, {"start": "00:12:29", "end": "00:12:34", "text": "are there and still in charge of the"}, {"start": "00:12:31", "end": "00:12:38", "text": "regulators who can juice the value of"}, {"start": "00:12:34", "end": "00:12:42", "text": "Donald Trump's crypto investments. Trump"}, {"start": "00:12:38", "end": "00:12:46", "text": "has already made $1.4 billion in 2025"}, {"start": "00:12:42", "end": "00:12:48", "text": "alone as a cryptoheer dealer. and the"}, {"start": "00:12:46", "end": "00:12:51", "text": "bill that the Republicans want to vote"}, {"start": "00:12:48", "end": "00:12:55", "text": "on today would make sure that he can"}, {"start": "00:12:51", "end": "00:12:58", "text": "just keep raking in the dough."}, {"start": "00:12:55", "end": "00:13:00", "text": "It's not just the ethics provisions that"}, {"start": "00:12:58", "end": "00:13:03", "text": "are terrible. This bill would make it"}, {"start": "00:13:00", "end": "00:13:07", "text": "easier for terrorist organizations, for"}, {"start": "00:13:03", "end": "00:13:09", "text": "drug cartels, and for rogue states to"}, {"start": "00:13:07", "end": "00:13:14", "text": "buy and sell weapons and pay off"}, {"start": "00:13:09", "end": "00:13:17", "text": "government officials, all using crypto."}, {"start": "00:13:14", "end": "00:13:19", "text": "easier for terrorists to finance their"}, {"start": "00:13:17", "end": "00:13:22", "text": "operations and harder for law"}, {"start": "00:13:19", "end": "00:13:26", "text": "enforcement to catch them, easier for"}, {"start": "00:13:22", "end": "00:13:28", "text": "scammers to cheat Americans, and harder"}, {"start": "00:13:26", "end": "00:13:31", "text": "for law enforcement to"}, {"start": "00:13:28", "end": "00:13:34", "text": ">> What does she think is happening without"}, {"start": "00:13:31", "end": "00:13:34", "text": "any clarity act, any clarity or market"}, {"start": "00:13:34", "end": "00:13:38", "text": "structure"}, {"start": "00:13:34", "end": "00:13:42", "text": ">> for law enforcement to catch them?"}, {"start": "00:13:38", "end": "00:13:44", "text": "This bill would put us all at risk of a"}, {"start": "00:13:42", "end": "00:13:47", "text": "cryptofueled"}, {"start": "00:13:44", "end": "00:13:50", "text": "economic crash. The crypto bill has"}, {"start": "00:13:47", "end": "00:13:54", "text": "become a Christmas tree with gifts for"}, {"start": "00:13:50", "end": "00:13:57", "text": "other high-risk scammers. The bill, for"}, {"start": "00:13:54", "end": "00:14:00", "text": "example, would blow a massive hold in"}, {"start": "00:13:57", "end": "00:14:02", "text": "our nearly century old securities laws"}, {"start": "00:14:00", "end": "00:14:05", "text": "by allowing and encouraging companies"}, {"start": "00:14:02", "end": "00:14:09", "text": "that have nothing to do with crypto to"}, {"start": "00:14:05", "end": "00:14:11", "text": "throw their assets on a blockchain to"}, {"start": "00:14:09", "end": "00:14:13", "text": "escape the investor protections that"}, {"start": "00:14:11", "end": "00:14:16", "text": "apply to traditional securities, you"}, {"start": "00:14:13", "end": "00:14:19", "text": "know, like stocks, the stock market."}, {"start": "00:14:16", "end": "00:14:21", "text": "Now, that could drain billions of"}, {"start": "00:14:19", "end": "00:14:23", "text": "dollars out of our stock market that"}, {"start": "00:14:21", "end": "00:14:26", "text": "families depend on to fund their"}, {"start": "00:14:23", "end": "00:14:28", "text": "retirement savings, and it could"}, {"start": "00:14:26", "end": "00:14:31", "text": "decimate the guard rails that were put"}, {"start": "00:14:28", "end": "00:14:35", "text": "in place after the Great Depression. In"}, {"start": "00:14:31", "end": "00:14:38", "text": "fact, unions are opposed to this bill"}, {"start": "00:14:35", "end": "00:14:40", "text": "specifically because they see it as"}, {"start": "00:14:38", "end": "00:14:43", "text": "putting workers hard-earned pensions at"}, {"start": "00:14:40", "end": "00:14:46", "text": "risk. And really, you should just ask"}, {"start": "00:14:43", "end": "00:14:51", "text": "yourself, what does this have to do with"}, {"start": "00:14:46", "end": "00:14:55", "text": "crypto? Why are we putting provisions in"}, {"start": "00:14:51", "end": "00:14:58", "text": "place to blow up protections on the"}, {"start": "00:14:55", "end": "00:15:01", "text": "stock market? Because a handful of"}, {"start": "00:14:58", "end": "00:15:04", "text": "crypto bros want it. This bill would"}, {"start": "00:15:01", "end": "00:15:07", "text": "give banks a green light to use"}, {"start": "00:15:04", "end": "00:15:10", "text": "Americans banking deposits to engage in"}, {"start": "00:15:07", "end": "00:15:13", "text": "a brand new list of risky crypto"}, {"start": "00:15:10", "end": "00:15:16", "text": "activities. Lending against crypto is"}, {"start": "00:15:13", "end": "00:15:19", "text": "collateral, buying crypto directly,"}, {"start": "00:15:16", "end": "00:15:22", "text": "trading crypto derivatives, operating"}, {"start": "00:15:19", "end": "00:15:26", "text": "blockchain nodes, selling crypto"}, {"start": "00:15:22", "end": "00:15:29", "text": "software. I the list goes on and on."}, {"start": "00:15:26", "end": "00:15:31", "text": "Think about how the price of crypto shot"}, {"start": "00:15:29", "end": "00:15:34", "text": "up and down and up and down in just the"}, {"start": "00:15:31", "end": "00:15:37", "text": "last couple of years alone. And then"}, {"start": "00:15:34", "end": "00:15:40", "text": "imagine what happens when the biggest"}, {"start": "00:15:37", "end": "00:15:44", "text": "banks in America use the money in your"}, {"start": "00:15:40", "end": "00:15:48", "text": "savings account to load up on that kind"}, {"start": "00:15:44", "end": "00:15:51", "text": "of crypto. The bill also blocks states"}, {"start": "00:15:48", "end": "00:15:54", "text": "and tribal nations from enforcing their"}, {"start": "00:15:51", "end": "00:15:56", "text": "own laws on the books to protect their"}, {"start": "00:15:54", "end": "00:16:00", "text": "citizens from getting scammed. The"}, {"start": "00:15:56", "end": "00:16:01", "text": "president of the Indian gaming"}, {"start": "00:16:00", "end": "00:16:04", "text": ">> I hope you don't mind I'm muting her for"}, {"start": "00:16:01", "end": "00:16:07", "text": "a second. It's funny that she classifies"}, {"start": "00:16:04", "end": "00:16:09", "text": "this as a few cry a handful of crypto"}, {"start": "00:16:07", "end": "00:16:14", "text": "bros."}, {"start": "00:16:09", "end": "00:16:15", "text": "Fair Shake is a super PAC that literally"}, {"start": "00:16:14", "end": "00:16:18", "text": "can spend unlimited money on political"}, {"start": "00:16:15", "end": "00:16:21", "text": "ads. And last 2024 elections, they"}, {"start": "00:16:18", "end": "00:16:24", "text": "absolutely blew it up. $40 million took"}, {"start": "00:16:21", "end": "00:16:26", "text": "out banking chair, more than 135 million"}, {"start": "00:16:24", "end": "00:16:30", "text": "across dozens of races."}, {"start": "00:16:26", "end": "00:16:33", "text": "And this cycle, they still have over 120"}, {"start": "00:16:30", "end": "00:16:35", "text": "million for political campaigns. Just"}, {"start": "00:16:33", "end": "00:16:37", "text": "want to say that. Not a handful of"}, {"start": "00:16:35", "end": "00:16:39", "text": "crypto bros. The crypto industry is"}, {"start": "00:16:37", "end": "00:16:41", "text": "massive"}, {"start": "00:16:39", "end": "00:16:44", "text": "and it's not going to go well for for"}, {"start": "00:16:41", "end": "00:16:47", "text": "anybody who votes against this for their"}, {"start": "00:16:44", "end": "00:16:49", "text": "next election cycle."}, {"start": "00:16:47", "end": "00:16:52", "text": ">> That's the kind of thing this bill"}, {"start": "00:16:49", "end": "00:16:57", "text": "glaringly fails to do. So, you got to"}, {"start": "00:16:52", "end": "00:17:00", "text": "ask yourselves, why are we here? We need"}, {"start": "00:16:57", "end": "00:17:03", "text": "crypto regulation. Yes, we do. But we do"}, {"start": "00:17:00", "end": "00:17:07", "text": "not need a crypto bill written by the"}, {"start": "00:17:03", "end": "00:17:10", "text": "crypto industry to benefit only the most"}, {"start": "00:17:07", "end": "00:17:13", "text": "extreme voices in the crypto industry"}, {"start": "00:17:10", "end": "00:17:16", "text": "and at the expense of our national"}, {"start": "00:17:13", "end": "00:17:21", "text": "security, our economic stability"}, {"start": "00:17:16", "end": "00:17:24", "text": "and to help the most corrupt president"}, {"start": "00:17:21", "end": "00:17:27", "text": "in the history of the United States make"}, {"start": "00:17:24", "end": "00:17:29", "text": "himself even richer."}, {"start": "00:17:27", "end": "00:17:32", "text": "I urge my Republican colleagues to come"}, {"start": "00:17:29", "end": "00:17:35", "text": "to the table, negotiate a real"}, {"start": "00:17:32", "end": "00:17:41", "text": "bipartisan crypto bill, but until then,"}, {"start": "00:17:35", "end": "00:17:41", "text": "I urge my colleagues to vote no."}, {"start": "00:17:41", "end": "00:17:45", "text": ">> Mr. President, I yield the floor."}, {"start": "00:17:48", "end": "00:17:54", "text": "Crazy that like a handful of"}, {"start": "00:17:52", "end": "00:17:56", "text": "people that don't even understand crypto"}, {"start": "00:17:54", "end": "00:17:58", "text": "can just"}, {"start": "00:17:56", "end": "00:18:01", "text": "stifle"}, {"start": "00:17:58", "end": "00:18:04", "text": "entire industry. Crazy. And it's all"}, {"start": "00:18:01", "end": "00:18:06", "text": "political. It's all politics."}, {"start": "00:18:04", "end": "00:18:11", "text": "It"}, {"start": "00:18:06", "end": "00:18:11", "text": "either politics or owned by the banks."}, {"start": "00:18:12", "end": "00:18:16", "text": "Yep. I mean, it's just is true. Hatred"}, {"start": "00:18:14", "end": "00:18:17", "text": "for President Trump will cause clarity"}, {"start": "00:18:16", "end": "00:18:20", "text": "to fail. That's it. Nothing else."}, {"start": "00:18:17", "end": "00:18:23", "text": "Hatred. That is it. That and being owned"}, {"start": "00:18:20", "end": "00:18:23", "text": "by the banks."}, {"start": "00:18:26", "end": "00:18:30", "text": "Anthony Scaramucci, who by the way isn't"}, {"start": "00:18:28", "end": "00:18:33", "text": "a huge Trump fan, Patrick Whit delivered"}, {"start": "00:18:30", "end": "00:18:36", "text": "the de Democrats most everything they"}, {"start": "00:18:33", "end": "00:18:36", "text": "asked for."}, {"start": "00:18:40", "end": "00:18:45", "text": "Ethics provision empowering state AGS."}, {"start": "00:18:42", "end": "00:18:47", "text": "Watered down DeFi protections. Circuit"}, {"start": "00:18:45", "end": "00:18:50", "text": "breaker on stable coin yield. bank"}, {"start": "00:18:47", "end": "00:18:54", "text": "deposit flight. Now Democrats are moving"}, {"start": "00:18:50", "end": "00:18:57", "text": "the goalpost. Yet again, a mistake for"}, {"start": "00:18:54", "end": "00:18:58", "text": "the country and party. Again, it's"}, {"start": "00:18:57", "end": "00:19:01", "text": "Anthony Scaramucci. He's not not the"}, {"start": "00:18:58", "end": "00:19:04", "text": "biggest Trump fan. And people that are"}, {"start": "00:19:01", "end": "00:19:07", "text": "objective"}, {"start": "00:19:04", "end": "00:19:07", "text": "understand"}, {"start": "00:19:09", "end": "00:19:13", "text": "Senator Lamus."}, {"start": "00:19:15", "end": "00:19:18", "text": "Coming clear that some Democrats simply"}, {"start": "00:19:16", "end": "00:19:20", "text": "won't get to yes no matter what we put"}, {"start": "00:19:18", "end": "00:19:21", "text": "in the text. President Trump has now"}, {"start": "00:19:20", "end": "00:19:23", "text": "agreed to two historic ethics"}, {"start": "00:19:21", "end": "00:19:24", "text": "provisions. Provisions these very"}, {"start": "00:19:23", "end": "00:19:26", "text": "members demanded. We've given you"}, {"start": "00:19:24", "end": "00:19:28", "text": "everything you've asked for. Yet you"}, {"start": "00:19:26", "end": "00:19:31", "text": "keep holding the bill hostage,"}, {"start": "00:19:28", "end": "00:19:33", "text": "demanding more and more and more. Beyond"}, {"start": "00:19:31", "end": "00:19:36", "text": "frustrating. There's nothing left to"}, {"start": "00:19:33", "end": "00:19:36", "text": "give."}, {"start": "00:19:36", "end": "00:19:41", "text": "And she's reposting this update from"}, {"start": "00:19:38", "end": "00:19:44", "text": "Brandon Peterson,"}, {"start": "00:19:41", "end": "00:19:46", "text": "a senior reporter, Punchball News. But"}, {"start": "00:19:44", "end": "00:19:48", "text": "basically, Mark Warner, Democrat, I"}, {"start": "00:19:46", "end": "00:19:50", "text": "don't think the ethics provision is near"}, {"start": "00:19:48", "end": "00:19:52", "text": "enough. It's never enough is what what"}, {"start": "00:19:50", "end": "00:19:56", "text": "she's saying. Brendan Peterson over here"}, {"start": "00:19:52", "end": "00:19:58", "text": "has had good updates. Um, one this"}, {"start": "00:19:56", "end": "00:19:59", "text": "morning I saw was John Cornin,"}, {"start": "00:19:58", "end": "00:20:00", "text": "Republican, says he's still"}, {"start": "00:19:59", "end": "00:20:03", "text": "contemplating whether he'll vote for"}, {"start": "00:20:00", "end": "00:20:05", "text": "Cloer on the Clarity Act this this"}, {"start": "00:20:03", "end": "00:20:10", "text": "afternoon. And that's why on our little"}, {"start": "00:20:05", "end": "00:20:14", "text": "Cloer board that I have here, um,"}, {"start": "00:20:10", "end": "00:20:14", "text": "it's in here somewhere."}, {"start": "00:20:14", "end": "00:20:20", "text": "John Cornin,"}, {"start": "00:20:17", "end": "00:20:23", "text": "there he is. Undecided. So over here is"}, {"start": "00:20:20", "end": "00:20:25", "text": "mostly con like probably going to be"}, {"start": "00:20:23", "end": "00:20:29", "text": "yeses. Over here is probably going to be"}, {"start": "00:20:25", "end": "00:20:31", "text": "nos and red and then yellow"}, {"start": "00:20:29", "end": "00:20:33", "text": "undecided and John Cordon. I don't know"}, {"start": "00:20:31", "end": "00:20:34", "text": "if he'll end up being green or not, but"}, {"start": "00:20:33", "end": "00:20:37", "text": "we need to get to 60. And you can see"}, {"start": "00:20:34", "end": "00:20:41", "text": "we're at 49 currently. And at the bottom"}, {"start": "00:20:37", "end": "00:20:43", "text": "of the screen is, you know, all the"}, {"start": "00:20:41", "end": "00:20:46", "text": "senators that are up for debate. Ron"}, {"start": "00:20:43", "end": "00:20:50", "text": "Paul, Josh Howley, two Republicans you"}, {"start": "00:20:46", "end": "00:20:54", "text": "can see there. um"}, {"start": "00:20:50", "end": "00:20:57", "text": "our nose le as as far as my research"}, {"start": "00:20:54", "end": "00:21:01", "text": "goes. So, I don't know if that's going"}, {"start": "00:20:57", "end": "00:21:03", "text": "to change, but absolutely crazy."}, {"start": "00:21:01", "end": "00:21:06", "text": "This group of people and this one over"}, {"start": "00:21:03", "end": "00:21:08", "text": "here just blocking"}, {"start": "00:21:06", "end": "00:21:10", "text": "an entire industry is crazy to me. And"}, {"start": "00:21:08", "end": "00:21:14", "text": "and most of them just don't even"}, {"start": "00:21:10", "end": "00:21:16", "text": "understand crypto. They don't even care"}, {"start": "00:21:14", "end": "00:21:19", "text": "about it."}, {"start": "00:21:16", "end": "00:21:19", "text": "all political"}, {"start": "00:21:20", "end": "00:21:26", "text": "all the while crazy if we actually for a"}, {"start": "00:21:24", "end": "00:21:28", "text": "moment while we continue to wait I mean"}, {"start": "00:21:26", "end": "00:21:30", "text": "I don't know what will be next on the"}, {"start": "00:21:28", "end": "00:21:32", "text": "agenda here but vote supposed to be at"}, {"start": "00:21:30", "end": "00:21:34", "text": "what 215"}, {"start": "00:21:32", "end": "00:21:37", "text": "um"}, {"start": "00:21:34", "end": "00:21:40", "text": "just looking at the charts I mean put"}, {"start": "00:21:37", "end": "00:21:42", "text": "aside clarity act it's been crazy since"}, {"start": "00:21:40", "end": "00:21:43", "text": "uh this pump towards the end of August I"}, {"start": "00:21:42", "end": "00:21:46", "text": "mean we're we're going on almost a month"}, {"start": "00:21:43", "end": "00:21:49", "text": "here we've just been sideways"}, {"start": "00:21:46", "end": "00:21:53", "text": "uh and indecisive on the Bitcoin chart."}, {"start": "00:21:49", "end": "00:21:55", "text": "Even without Clarity Act, I think such"}, {"start": "00:21:53", "end": "00:21:56", "text": "um a normal move, I'd be surprised if it"}, {"start": "00:21:55", "end": "00:21:58", "text": "doesn't happen, especially now, would be"}, {"start": "00:21:56", "end": "00:22:00", "text": "just throwing back at this point. We"}, {"start": "00:21:58", "end": "00:22:02", "text": "need a higher low for Bitcoin, big dip"}, {"start": "00:22:00", "end": "00:22:05", "text": "for Bitcoin, big dip for Ethereum. Look"}, {"start": "00:22:02", "end": "00:22:07", "text": "at Ethereum on the weekly chart. Um just"}, {"start": "00:22:05", "end": "00:22:09", "text": "such a good indicator for the cycle"}, {"start": "00:22:07", "end": "00:22:12", "text": "shift from bear to bull. Takes time,"}, {"start": "00:22:09", "end": "00:22:13", "text": "everybody. Um, but now that we've kind"}, {"start": "00:22:12", "end": "00:22:17", "text": "of shifted from these June lows to the"}, {"start": "00:22:13", "end": "00:22:18", "text": "upside 50week moving average, 20week"}, {"start": "00:22:17", "end": "00:22:22", "text": "moving average, look at the weekly"}, {"start": "00:22:18", "end": "00:22:24", "text": "resistance right here, right? So, you"}, {"start": "00:22:22", "end": "00:22:26", "text": "know, Clarity Act failing. Maybe we get"}, {"start": "00:22:24", "end": "00:22:31", "text": "a rate hike tomorrow. Not the best week"}, {"start": "00:22:26", "end": "00:22:33", "text": "for short-term events uh or sentiment."}, {"start": "00:22:31", "end": "00:22:36", "text": "So, maybe this is setting up for the the"}, {"start": "00:22:33", "end": "00:22:38", "text": "fall at least to the 20week moving"}, {"start": "00:22:36", "end": "00:22:39", "text": "average on Ethereum around $2,000 that's"}, {"start": "00:22:38", "end": "00:22:41", "text": "in play."}, {"start": "00:22:39", "end": "00:22:43", "text": "Um,"}, {"start": "00:22:41", "end": "00:22:45", "text": "if something extraordinary happens, I"}, {"start": "00:22:43", "end": "00:22:47", "text": "mean, we have such a good area to look"}, {"start": "00:22:45", "end": "00:22:48", "text": "for if you're an altcoin holder, crypto"}, {"start": "00:22:47", "end": "00:22:50", "text": "holder, you don't even have to hold"}, {"start": "00:22:48", "end": "00:22:52", "text": "Ethereum. Uh, such a good area,"}, {"start": "00:22:50", "end": "00:22:54", "text": "something extraordinary happens and we"}, {"start": "00:22:52", "end": "00:22:57", "text": "get a break to the upside, the 200E"}, {"start": "00:22:54", "end": "00:23:00", "text": "moving average right around 2515."}, {"start": "00:22:57", "end": "00:23:03", "text": "If Ethereum starts this printing on the"}, {"start": "00:23:00", "end": "00:23:08", "text": "weekly above that area, that would be"}, {"start": "00:23:03", "end": "00:23:10", "text": "just massive. um a massive move after"}, {"start": "00:23:08", "end": "00:23:12", "text": "almost five weeks, four to five weeks of"}, {"start": "00:23:10", "end": "00:23:15", "text": "sideways,"}, {"start": "00:23:12", "end": "00:23:20", "text": "I guess four weeks"}, {"start": "00:23:15", "end": "00:23:22", "text": "of sideways on this Ethereum chart."}, {"start": "00:23:20", "end": "00:23:23", "text": "Somebody said in a comment on X, it"}, {"start": "00:23:22", "end": "00:23:26", "text": "feels like it's not been like five"}, {"start": "00:23:23", "end": "00:23:28", "text": "weeks, but five years. And what's funny,"}, {"start": "00:23:26", "end": "00:23:30", "text": "I I replied to them because it's funny,"}, {"start": "00:23:28", "end": "00:23:34", "text": "if you zoom out on Ethereum chart, it"}, {"start": "00:23:30", "end": "00:23:35", "text": "has been five years. Here's 2021."}, {"start": "00:23:34", "end": "00:23:37", "text": "So,"}, {"start": "00:23:35", "end": "00:23:39", "text": "it's not only been sideways for almost"}, {"start": "00:23:37", "end": "00:23:41", "text": "five weeks,"}, {"start": "00:23:39", "end": "00:23:44", "text": "been sideways for almost five years,"}, {"start": "00:23:41", "end": "00:23:46", "text": "which is crazy, but the explanation for"}, {"start": "00:23:44", "end": "00:23:48", "text": "for me, as many of you know, if you"}, {"start": "00:23:46", "end": "00:23:50", "text": "watch my analysis, this business cycle"}, {"start": "00:23:48", "end": "00:23:52", "text": "PMI, which I think is getting ready to"}, {"start": "00:23:50", "end": "00:23:56", "text": "expand, and that's a very good thing for"}, {"start": "00:23:52", "end": "00:23:56", "text": "crypto and all coins."}, {"start": "00:23:57", "end": "00:24:00", "text": "So,"}, {"start": "00:24:01", "end": "00:24:07", "text": "crypto is going down."}, {"start": "00:24:05", "end": "00:24:09", "text": "I promise."}, {"start": "00:24:07", "end": "00:24:12", "text": "Patience."}, {"start": "00:24:09", "end": "00:24:15", "text": "Very well could be this up. Very well"}, {"start": "00:24:12", "end": "00:24:17", "text": "could be. I mean,"}, {"start": "00:24:15", "end": "00:24:20", "text": "technically the the setup is there to to"}, {"start": "00:24:17", "end": "00:24:21", "text": "move lower even if you go um here's"}, {"start": "00:24:20", "end": "00:24:22", "text": "Bitcoin on the daily even seeing"}, {"start": "00:24:21", "end": "00:24:25", "text": "resistance on the short term at the"}, {"start": "00:24:22", "end": "00:24:28", "text": "20-day as it's starting to turn. But you"}, {"start": "00:24:25", "end": "00:24:31", "text": "you change Bitcoin over to the weekly."}, {"start": "00:24:28", "end": "00:24:32", "text": "Um similar story. 50week moving average"}, {"start": "00:24:31", "end": "00:24:36", "text": "resistance."}, {"start": "00:24:32", "end": "00:24:38", "text": "It it makes most sense to consolidate"}, {"start": "00:24:36", "end": "00:24:41", "text": "lower even between the 200 down here at"}, {"start": "00:24:38", "end": "00:24:44", "text": "65 and the 20 at around 70. It makes"}, {"start": "00:24:41", "end": "00:24:48", "text": "most sense if crypto starts breaking to"}, {"start": "00:24:44", "end": "00:24:53", "text": "the upside. Everybody please"}, {"start": "00:24:48", "end": "00:24:53", "text": "buckle your seat belts. But uh regarding"}, {"start": "00:24:53", "end": "00:24:54", "text": "that,"}, {"start": "00:24:53", "end": "00:24:56", "text": ">> Senator from Wyoming,"}, {"start": "00:24:54", "end": "00:24:58", "text": ">> I ask unanimous consent to speak for up"}, {"start": "00:24:56", "end": "00:24:59", "text": "to 15 minutes."}, {"start": "00:24:58", "end": "00:25:01", "text": ">> Let's go. Lis"}, {"start": "00:24:59", "end": "00:25:01", "text": ">> prior to the scheduled roll call vote."}, {"start": "00:25:01", "end": "00:25:04", "text": ">> Oh wow."}, {"start": "00:25:01", "end": "00:25:04", "text": ">> Without objections,"}, {"start": "00:25:08", "end": "00:25:12", "text": ">> a girl."}, {"start": "00:25:09", "end": "00:25:14", "text": ">> Mr. President, I ask unanimous consent"}, {"start": "00:25:12", "end": "00:25:16", "text": "that Kevin Webb, a detail from the"}, {"start": "00:25:14", "end": "00:25:19", "text": "Committee on Agriculture, Nutrition, and"}, {"start": "00:25:16", "end": "00:25:21", "text": "Forestry from the Commodity Futures"}, {"start": "00:25:19", "end": "00:25:26", "text": "Trading Commission be granted floor"}, {"start": "00:25:21", "end": "00:25:28", "text": "privileges through October 2nd, 2026."}, {"start": "00:25:26", "end": "00:25:30", "text": ">> Without objection,"}, {"start": "00:25:28", "end": "00:25:32", "text": ">> Mr. President, in a few minutes, the"}, {"start": "00:25:30", "end": "00:25:34", "text": "Senate will vote on one of the most"}, {"start": "00:25:32", "end": "00:25:39", "text": "important consequential bipartisans"}, {"start": "00:25:34", "end": "00:25:43", "text": "financial services bill in a generation,"}, {"start": "00:25:39", "end": "00:25:45", "text": "the Digital Asset Market Clarity Act."}, {"start": "00:25:43", "end": "00:25:48", "text": ">> Before we do, my colleagues need to"}, {"start": "00:25:45", "end": "00:25:51", "text": "understand exactly what's at stake. I"}, {"start": "00:25:48", "end": "00:25:53", "text": "have spent every single day of the past"}, {"start": "00:25:51", "end": "00:25:56", "text": "year fighting to get the Clarity Act"}, {"start": "00:25:53", "end": "00:25:58", "text": "ready for prime time because Wyoming did"}, {"start": "00:25:56", "end": "00:26:00", "text": "not send me to Washington to watch"}, {"start": "00:25:58", "end": "00:26:02", "text": "America fall behind."}, {"start": "00:26:00", "end": "00:26:06", "text": "My state sent me here to make sure we"}, {"start": "00:26:02", "end": "00:26:08", "text": "lead. Today, this body decides whether"}, {"start": "00:26:06", "end": "00:26:11", "text": "we keep that promise or sideline"}, {"start": "00:26:08", "end": "00:26:13", "text": "American leadership."}, {"start": "00:26:11", "end": "00:26:15", "text": "Wyoming wrote the blueprint for"}, {"start": "00:26:13", "end": "00:26:19", "text": "regulating digital assets in the United"}, {"start": "00:26:15", "end": "00:26:21", "text": "States and in many ways the world. In"}, {"start": "00:26:19", "end": "00:26:24", "text": "2017, the Wyoming legislature embarked"}, {"start": "00:26:21", "end": "00:26:27", "text": "on a mission to create a firstofits-kind"}, {"start": "00:26:24", "end": "00:26:30", "text": "regulatory framework for digital assets"}, {"start": "00:26:27", "end": "00:26:33", "text": "that protects consumers and promotes"}, {"start": "00:26:30", "end": "00:26:35", "text": "responsible innovation. The Wyoming"}, {"start": "00:26:33", "end": "00:26:38", "text": "legislature was the first legislative"}, {"start": "00:26:35", "end": "00:26:41", "text": "body in the United States to draw the"}, {"start": "00:26:38", "end": "00:26:43", "text": "line between a security and a commodity."}, {"start": "00:26:41", "end": "00:26:46", "text": "Was the first to safely integrate"}, {"start": "00:26:43", "end": "00:26:49", "text": "digital assets into our nation's banking"}, {"start": "00:26:46", "end": "00:26:51", "text": "system in a safe and sound way through"}, {"start": "00:26:49", "end": "00:26:54", "text": "specialurpose depository institutions."}, {"start": "00:26:51", "end": "00:26:57", "text": "and Wyoming was the first jurisdiction"}, {"start": "00:26:54", "end": "00:27:00", "text": "in the nation to create a new legal"}, {"start": "00:26:57", "end": "00:27:02", "text": "entity for decentralized unincorporated"}, {"start": "00:27:00", "end": "00:27:05", "text": "nonprofit associations."}, {"start": "00:27:02", "end": "00:27:06", "text": "A Wyoming specialurpose depository"}, {"start": "00:27:05", "end": "00:27:10", "text": "institution was also the first"}, {"start": "00:27:06", "end": "00:27:12", "text": "depository institution in the history of"}, {"start": "00:27:10", "end": "00:27:15", "text": "our banking system to earn a master"}, {"start": "00:27:12", "end": "00:27:18", "text": "account from the Federal Reserve."}, {"start": "00:27:15", "end": "00:27:21", "text": "The successful Wyoming blueprint is the"}, {"start": "00:27:18", "end": "00:27:24", "text": "foundation of the digital asset market"}, {"start": "00:27:21", "end": "00:27:27", "text": "clarity act today."}, {"start": "00:27:24", "end": "00:27:31", "text": "This almost almost no one in Washington"}, {"start": "00:27:27", "end": "00:27:34", "text": "would have offered that on their own."}, {"start": "00:27:31", "end": "00:27:36", "text": "But Democrats still wanted more. They"}, {"start": "00:27:34", "end": "00:27:37", "text": "wanted independent outside enforcement."}, {"start": "00:27:36", "end": "00:27:39", "text": ">> Like I lost extra."}, {"start": "00:27:37", "end": "00:27:42", "text": ">> So President Trump went back to the"}, {"start": "00:27:39", "end": "00:27:46", "text": "table and he gave more."}, {"start": "00:27:42", "end": "00:27:51", "text": "This final text reflects substantially"}, {"start": "00:27:46", "end": "00:27:54", "text": "all of the Tillis Ggo framework built on"}, {"start": "00:27:51", "end": "00:27:56", "text": "top of what was already historic. State"}, {"start": "00:27:54", "end": "00:27:59", "text": "attorneys general now have direct"}, {"start": "00:27:56", "end": "00:28:03", "text": "authority to enforce these ethics rules"}, {"start": "00:27:59", "end": "00:28:07", "text": "against federal officials themselves."}, {"start": "00:28:03", "end": "00:28:10", "text": "They can go after exchanges and issuers"}, {"start": "00:28:07", "end": "00:28:14", "text": "under consumer protection law. So bad"}, {"start": "00:28:10", "end": "00:28:16", "text": "actors get hit coming and going. No"}, {"start": "00:28:14", "end": "00:28:20", "text": "president has ever gone this far. And"}, {"start": "00:28:16", "end": "00:28:22", "text": "this president did it twice."}, {"start": "00:28:20", "end": "00:28:25", "text": "Let's be honest about what a no vote"}, {"start": "00:28:22", "end": "00:28:27", "text": "actually is today."}, {"start": "00:28:25", "end": "00:28:29", "text": "It's not a principled stand against the"}, {"start": "00:28:27", "end": "00:28:32", "text": "president."}, {"start": "00:28:29", "end": "00:28:37", "text": "It's not a vote against a bill that has"}, {"start": "00:28:32", "end": "00:28:39", "text": "had a partisan flare."}, {"start": "00:28:37", "end": "00:28:42", "text": "It's a vote to protect politicians"}, {"start": "00:28:39", "end": "00:28:48", "text": "personal crypto holdings from the very"}, {"start": "00:28:42", "end": "00:28:48", "text": "limits Democrats demanded and got."}, {"start": "00:28:49", "end": "00:28:52", "text": "It's a vote against the consumer"}, {"start": "00:28:50", "end": "00:28:55", "text": "protections American families are"}, {"start": "00:28:52", "end": "00:28:57", "text": "counting on. And it's about to hand the"}, {"start": "00:28:55", "end": "00:28:59", "text": "future of financial innovation to a"}, {"start": "00:28:57", "end": "00:29:01", "text": "foreign competitor who will not be"}, {"start": "00:28:59", "end": "00:29:05", "text": "foolish enough to waste this chance to"}, {"start": "00:29:01", "end": "00:29:08", "text": "lead our global digital economy and"}, {"start": "00:29:05", "end": "00:29:11", "text": "onshore this industry and the good"}, {"start": "00:29:08", "end": "00:29:13", "text": "paying jobs it creates."}, {"start": "00:29:11", "end": "00:29:17", "text": "This country put the first man on the"}, {"start": "00:29:13", "end": "00:29:21", "text": "moon. We built financial institutions"}, {"start": "00:29:17", "end": "00:29:25", "text": "and we built the internet. We do not"}, {"start": "00:29:21", "end": "00:29:26", "text": "watch history happen to us. We make"}, {"start": "00:29:25", "end": "00:29:29", "text": "history."}, {"start": "00:29:26", "end": "00:29:31", "text": "We should not stop that tradition today."}, {"start": "00:29:29", "end": "00:29:32", "text": ">> Do a hard refresh. I don't know why the"}, {"start": "00:29:31", "end": "00:29:37", "text": "sound's not working."}, {"start": "00:29:32", "end": "00:29:41", "text": ">> 635 pages. A full year of daily"}, {"start": "00:29:37", "end": "00:29:45", "text": "negotiations. Daily, even on weekends,"}, {"start": "00:29:41", "end": "00:29:48", "text": "126 Democrat wins written into law. The"}, {"start": "00:29:45", "end": "00:29:52", "text": "strongest ethics restrictions any"}, {"start": "00:29:48", "end": "00:29:57", "text": "president has ever accepted."}, {"start": "00:29:52", "end": "00:30:03", "text": "in writing right here. This is what"}, {"start": "00:29:57", "end": "00:30:06", "text": "good faith looks like. This is what"}, {"start": "00:30:03", "end": "00:30:08", "text": "compromise looks like. And in a few"}, {"start": "00:30:06", "end": "00:30:14", "text": "minutes, my colleagues will decide"}, {"start": "00:30:08", "end": "00:30:16", "text": "whether or not it meant anything at all."}, {"start": "00:30:14", "end": "00:30:18", "text": "I have given this fight everything I"}, {"start": "00:30:16", "end": "00:30:21", "text": "have from the moment I was sworn in as a"}, {"start": "00:30:18", "end": "00:30:24", "text": "US senator and especially over the last"}, {"start": "00:30:21", "end": "00:30:28", "text": "year. For so long, this fight has been"}, {"start": "00:30:24", "end": "00:30:31", "text": "mine and that of my incredible partner"}, {"start": "00:30:28", "end": "00:30:32", "text": "and dear friend, Senator Kirsten"}, {"start": "00:30:31", "end": "00:30:36", "text": "Gillibrand"}, {"start": "00:30:32", "end": "00:30:39", "text": "and Chairman Scots and Chairman Boseman,"}, {"start": "00:30:36", "end": "00:30:42", "text": "Senator Tillis, Senator Marino, and many"}, {"start": "00:30:39", "end": "00:30:44", "text": "of my colleagues who have walked"}, {"start": "00:30:42", "end": "00:30:49", "text": "alongside me in this fight for this"}, {"start": "00:30:44", "end": "00:30:51", "text": "industry to bring us to this moment"}, {"start": "00:30:49", "end": "00:30:53", "text": ">> today. This fight belongs to the whole"}, {"start": "00:30:51", "end": "00:30:57", "text": "body. President Trump gave more than"}, {"start": "00:30:53", "end": "00:31:01", "text": "anyone in this town expected twice."}, {"start": "00:30:57", "end": "00:31:06", "text": "It's time for this body to take yes for"}, {"start": "00:31:01", "end": "00:31:08", "text": "an answer. Take the win."}, {"start": "00:31:06", "end": "00:31:11", "text": "Stand with American innovation. Stand"}, {"start": "00:31:08", "end": "00:31:14", "text": "with American consumers. Stand with"}, {"start": "00:31:11", "end": "00:31:18", "text": "American leadership. Do not let this day"}, {"start": "00:31:14", "end": "00:31:22", "text": "be the day we handed our future to"}, {"start": "00:31:18", "end": "00:31:24", "text": "someone else because we were too afraid"}, {"start": "00:31:22", "end": "00:31:28", "text": "to finish what we started."}, {"start": "00:31:24", "end": "00:31:32", "text": ">> Let's vote yes. Let's not only join the"}, {"start": "00:31:28", "end": "00:31:35", "text": "21st century economy."}, {"start": "00:31:32", "end": "00:31:39", "text": "Let's not only join the digital age,"}, {"start": "00:31:35", "end": "00:31:41", "text": "let's lead it. Let's define it. Let's"}, {"start": "00:31:39", "end": "00:31:45", "text": "make it work for America and the world."}, {"start": "00:31:41", "end": "00:31:48", "text": "Let's vote yes. Let's get this done."}, {"start": "00:31:45", "end": "00:31:50", "text": "Madame President, I yield back and I ask"}, {"start": "00:31:48", "end": "00:31:53", "text": "unanimous consent"}, {"start": "00:31:50", "end": "00:32:00", "text": ">> to wave the mandatory quorum call with"}, {"start": "00:31:53", "end": "00:32:00", "text": "respect to the cloer motion for HR 3633."}, {"start": "00:32:00", "end": "00:32:04", "text": ">> Without objection."}, {"start": "00:32:03", "end": "00:32:07", "text": ">> Uh Madame President, I have three"}, {"start": "00:32:04", "end": "00:32:09", "text": "requests for committees to meet today"}, {"start": "00:32:07", "end": "00:32:11", "text": "during the session of the Senate. They"}, {"start": "00:32:09", "end": "00:32:13", "text": "have the approval of the majority and"}, {"start": "00:32:11", "end": "00:32:17", "text": "minority leaders."}, {"start": "00:32:13", "end": "00:32:17", "text": ">> Duly noted."}, {"start": "00:32:20", "end": "00:32:23", "text": ">> The clerk will report the motion to"}, {"start": "00:32:22", "end": "00:32:25", "text": "invoke closure."}, {"start": "00:32:23", "end": "00:32:27", "text": ">> Closure moture"}, {"start": "00:32:25", "end": "00:32:28", "text": "motion. We the enter senators in"}, {"start": "00:32:27", "end": "00:32:30", "text": "accordance with the provisions of rule"}, {"start": "00:32:28", "end": "00:32:32", "text": "22 of the standing rules of the Senate"}, {"start": "00:32:30", "end": "00:32:33", "text": "do hereby move to bring to a closed"}, {"start": "00:32:32", "end": "00:32:37", "text": "debate on the motion to proceed to"}, {"start": "00:32:33", "end": "00:32:39", "text": "calendar number 423 HR 3633."}, {"start": "00:32:37", "end": "00:32:41", "text": "an act to provide for a system of"}, {"start": "00:32:39", "end": "00:32:43", "text": "regulation of the offer and sale of"}, {"start": "00:32:41", "end": "00:32:45", "text": "digital commodities and so forth and for"}, {"start": "00:32:43", "end": "00:32:46", "text": "other purposes."}, {"start": "00:32:45", "end": "00:32:49", "text": ">> Guys, if you're having trouble with"}, {"start": "00:32:46", "end": "00:32:51", "text": "sound, close YouTube and just reopen it."}, {"start": "00:32:49", "end": "00:32:53", "text": "I sound should be working. The question"}, {"start": "00:32:51", "end": "00:32:55", "text": "is, is it the sense of the Senate that"}, {"start": "00:32:53", "end": "00:32:57", "text": "the debate on the motion to proceed to"}, {"start": "00:32:55", "end": "00:32:59", "text": "HR 3633,"}, {"start": "00:32:57", "end": "00:33:02", "text": "an act to provide for a system of"}, {"start": "00:32:59", "end": "00:33:04", "text": "regulation of the offer and sale of"}, {"start": "00:33:02", "end": "00:33:06", "text": "digital commodities by the Security and"}, {"start": "00:33:04", "end": "00:33:09", "text": "Exchange Commission and the Commodity"}, {"start": "00:33:06", "end": "00:33:12", "text": "Futures Trading Commission to amend the"}, {"start": "00:33:09", "end": "00:33:13", "text": "Federal Reserve Act to prohibit the"}, {"start": "00:33:12", "end": "00:33:16", "text": "Federal Reserve banks from offering"}, {"start": "00:33:13", "end": "00:33:18", "text": "certain products or services directly to"}, {"start": "00:33:16", "end": "00:33:20", "text": "an individual to prohibit the use of"}, {"start": "00:33:18", "end": "00:33:24", "text": "central bank digital currency for monet"}, {"start": "00:33:20", "end": "00:33:26", "text": "ary policy and for other purposes shall"}, {"start": "00:33:24", "end": "00:33:28", "text": "be brought to a close. The yays and nays"}, {"start": "00:33:26", "end": "00:33:30", "text": "are mandatory under the rule. The clerk"}, {"start": "00:33:28", "end": "00:33:34", "text": "will call the role."}, {"start": "00:33:30", "end": "00:33:34", "text": ">> Miss Albrooks, Mr. Armstrong."}, {"start": "00:33:55", "end": "00:33:58", "text": "I'm not saying if they can't hear me."}, {"start": "00:33:57", "end": "00:34:00", "text": "I'm saying if they can't hear the the"}, {"start": "00:33:58", "end": "00:34:02", "text": "video."}, {"start": "00:34:00", "end": "00:34:05", "text": "They're two different audio sources,"}, {"start": "00:34:02", "end": "00:34:05", "text": "dude."}, {"start": "00:34:09", "end": "00:34:13", "text": "Here we go."}, {"start": "00:34:13", "end": "00:34:19", "text": "Going to be"}, {"start": "00:34:16", "end": "00:34:20", "text": "I mean I think the entire industry is"}, {"start": "00:34:19", "end": "00:34:24", "text": "anticipating"}, {"start": "00:34:20", "end": "00:34:26", "text": "that this is not going to pass. Butcher"}, {"start": "00:34:24", "end": "00:34:27", "text": "and I I'm sorry. I don't know why some"}, {"start": "00:34:26", "end": "00:34:30", "text": "of some people don't have sound. I think"}, {"start": "00:34:27", "end": "00:34:34", "text": "my internet went in and out. I lost X."}, {"start": "00:34:30", "end": "00:34:37", "text": "My X stream is down."}, {"start": "00:34:34", "end": "00:34:37", "text": "I don't know."}, {"start": "00:34:57", "end": "00:35:02", "text": "Could just be trolls. They're true."}, {"start": "00:35:14", "end": "00:35:19", "text": "Miss Baldwin,"}, {"start": "00:35:16", "end": "00:35:22", "text": "Mr. Banks,"}, {"start": "00:35:19", "end": "00:35:24", "text": "Mr. Baraso,"}, {"start": "00:35:22", "end": "00:35:28", "text": "Mr. Bennett,"}, {"start": "00:35:24", "end": "00:35:31", "text": "Mrs. Blackburn,"}, {"start": "00:35:28", "end": "00:35:31", "text": ">> Mr. Blumenthal,"}, {"start": "00:35:36", "end": "00:35:41", "text": ">> Miss Blunt Rochester,"}, {"start": "00:35:38", "end": "00:35:41", "text": "Mr. Booker."}, {"start": "00:35:42", "end": "00:35:49", "text": ">> Are they voting? I can't even hear."}, {"start": "00:35:45", "end": "00:35:49", "text": "Booker vote."}, {"start": "00:36:06", "end": "00:36:12", "text": "Mr. Boseman, Mrs. Britt, Mr. Bud,"}, {"start": "00:36:13", "end": "00:36:19", "text": ">> Miss Kentwell,"}, {"start": "00:36:15", "end": "00:36:24", "text": "Mrs. Capo, Mr. Cassidy,"}, {"start": "00:36:19", "end": "00:36:27", "text": "Miss Collins, Mr. Coons, Mr. Cornin,"}, {"start": "00:36:24", "end": "00:36:29", "text": "Miss Cortez Masto,"}, {"start": "00:36:27", "end": "00:36:33", "text": ">> Mr. Cotton,"}, {"start": "00:36:29", "end": "00:36:33", "text": ">> Mr. Kramer,"}, {"start": "00:36:46", "end": "00:36:50", "text": "Mr. Crapo,"}, {"start": "00:36:48", "end": "00:36:52", "text": "Mr. Cruz,"}, {"start": "00:36:50", "end": "00:36:56", "text": "Mr. Curtis,"}, {"start": "00:36:52", "end": "00:36:56", "text": "Mr. Danes,"}, {"start": "00:37:20", "end": "00:37:24", "text": "I didn't realize this is roll. It's a"}, {"start": "00:37:22", "end": "00:37:25", "text": "roll call vote."}, {"start": "00:37:24", "end": "00:37:28", "text": "Sometimes there's no sound because"}, {"start": "00:37:25", "end": "00:37:29", "text": "there's just no sound. Sometimes there's"}, {"start": "00:37:28", "end": "00:37:33", "text": "no sound because people are trolling me."}, {"start": "00:37:29", "end": "00:37:38", "text": "And sometimes there's no sound because"}, {"start": "00:37:33", "end": "00:37:41", "text": "I'm a one-man show and don't have"}, {"start": "00:37:38", "end": "00:37:41", "text": "any help."}, {"start": "00:37:43", "end": "00:37:50", "text": ">> Miss Duckworth, Mr. Durban, Miss Ernst."}, {"start": "00:37:48", "end": "00:37:54", "text": ">> They're doing roll call now, so I can't"}, {"start": "00:37:50", "end": "00:37:54", "text": "really update this little map. I want to"}, {"start": "00:37:54", "end": "00:37:56", "text": "update this map."}, {"start": "00:37:54", "end": "00:38:00", "text": ">> Mrs. Fiser,"}, {"start": "00:37:56", "end": "00:38:01", "text": "Mr. Ggo, Mrs."}, {"start": "00:38:00", "end": "00:38:04", "text": "Miss Graham"}, {"start": "00:38:01", "end": "00:38:04", "text": ">> didn't vote."}, {"start": "00:38:11", "end": "00:38:18", "text": "So"}, {"start": "00:38:14", "end": "00:38:18", "text": "really we're looking for these people"}, {"start": "00:38:18", "end": "00:38:22", "text": "the bottom of my screen."}, {"start": "00:38:21", "end": "00:38:25", "text": ">> Mr. Grassley,"}, {"start": "00:38:22", "end": "00:38:26", "text": ">> John Cornin Warner,"}, {"start": "00:38:25", "end": "00:38:28", "text": ">> Collins,"}, {"start": "00:38:26", "end": "00:38:29", "text": ">> Mr. Holly. We want to see what these"}, {"start": "00:38:28", "end": "00:38:32", "text": "people"}, {"start": "00:38:29", "end": "00:38:35", "text": ">> Mr. Heinrich, Mr. Hickinlooper,"}, {"start": "00:38:32", "end": "00:38:38", "text": "Miss Herono, Mr. Hovind,"}, {"start": "00:38:35", "end": "00:38:42", "text": "Mr. Houston,"}, {"start": "00:38:38", "end": "00:38:44", "text": "Mrs. Hyde Smith, Mr. Johnson,"}, {"start": "00:38:42", "end": "00:38:48", "text": "Mr. Justice,"}, {"start": "00:38:44", "end": "00:38:50", "text": "Mr. Kaine, Mr. Kelly,"}, {"start": "00:38:48", "end": "00:38:52", "text": "Mr. Kennedy,"}, {"start": "00:38:50", "end": "00:38:53", "text": "Mr. Kim,"}, {"start": "00:38:52", "end": "00:38:57", "text": "Mr. King."}, {"start": "00:38:53", "end": "00:39:00", "text": ">> I'm trying. This club is trying my best."}, {"start": "00:38:57", "end": "00:39:00", "text": "Thanks, man."}, {"start": "00:39:07", "end": "00:39:12", "text": "They're doing roll call now. It hasn't"}, {"start": "00:39:09", "end": "00:39:13", "text": "passed or failed yet."}, {"start": "00:39:12", "end": "00:39:18", "text": "We're getting there."}, {"start": "00:39:13", "end": "00:39:21", "text": ">> Mr. Langford, Mr. Lee, Mr. Luhan, Miss"}, {"start": "00:39:18", "end": "00:39:21", "text": "Lumis,"}, {"start": "00:39:21", "end": "00:39:25", "text": "Mr. Murky,"}, {"start": "00:39:33", "end": "00:39:39", "text": "Mr. Marshall, Mr. McConnell,"}, {"start": "00:39:36", "end": "00:39:41", "text": "Mr. McCormack,"}, {"start": "00:39:39", "end": "00:39:47", "text": "Mr. Mkeley,"}, {"start": "00:39:41", "end": "00:39:48", "text": "Mrs. Moody, Mr. Moran, Mr. Marino,"}, {"start": "00:39:47", "end": "00:39:54", "text": "Ms. Marowski,"}, {"start": "00:39:48", "end": "00:39:56", "text": "Mr. Murphy, Mrs. Murray, Mr. Rosoff,"}, {"start": "00:39:54", "end": "00:39:59", "text": "Mr. Padilla,"}, {"start": "00:39:56", "end": "00:40:00", "text": "Mr. Paul, Mr. Peters,"}, {"start": "00:39:59", "end": "00:40:01", "text": ">> this is the"}, {"start": "00:40:00", "end": "00:40:03", "text": ">> Mr. Reed,"}, {"start": "00:40:01", "end": "00:40:07", "text": ">> Mr. Ricketts,"}, {"start": "00:40:03", "end": "00:40:11", "text": ">> Mr. Ris, Miss Rosen,"}, {"start": "00:40:07", "end": "00:40:15", "text": ">> Mr. Rounds, Mr. Sanders,"}, {"start": "00:40:11", "end": "00:40:18", "text": "Mr. Shots, Mr. Schiff."}, {"start": "00:40:15", "end": "00:40:22", "text": "So, by the way, when they start voting"}, {"start": "00:40:18", "end": "00:40:24", "text": "and stuff like if if you hear a name"}, {"start": "00:40:22", "end": "00:40:29", "text": "Susan Collins, right, and then it's a"}, {"start": "00:40:24", "end": "00:40:32", "text": "no. Mark Warner, we hear a no."}, {"start": "00:40:29", "end": "00:40:34", "text": "Uh Booker, a no. These are the these are"}, {"start": "00:40:32", "end": "00:40:38", "text": "the names we need yeses from. Betterman,"}, {"start": "00:40:34", "end": "00:40:40", "text": "no. So, it's we start hearing nos from"}, {"start": "00:40:38", "end": "00:40:43", "text": "these people. It's kind of like, okay,"}, {"start": "00:40:40", "end": "00:40:45", "text": "it's not going to happen."}, {"start": "00:40:43", "end": "00:40:47", "text": "That's essentially"}, {"start": "00:40:45", "end": "00:40:49", "text": "The trick will be kind of like hearing"}, {"start": "00:40:47", "end": "00:40:53", "text": "the votes as they go and then seeing the"}, {"start": "00:40:49", "end": "00:40:53", "text": "name down here."}, {"start": "00:40:56", "end": "00:41:01", "text": "Yes. So, just doing roll call now."}, {"start": "00:41:10", "end": "00:41:17", "text": ">> Mr. Scott of Florida. Mr. Scott of South"}, {"start": "00:41:13", "end": "00:41:22", "text": "Carolina, Mrs. Shaheen, Mr. Sheehy, Miss"}, {"start": "00:41:17", "end": "00:41:25", "text": "Lockin, Miss Smith, Mr. Sullivan,"}, {"start": "00:41:22", "end": "00:41:30", "text": ">> Mr. Thoon,"}, {"start": "00:41:25", "end": "00:41:30", "text": ">> Mr. Tillis, Mr. Chabberel."}, {"start": "00:43:04", "end": "00:43:08", "text": "It's just there's no sound because"}, {"start": "00:43:06", "end": "00:43:10", "text": "they're just there's no sound in the in"}, {"start": "00:43:08", "end": "00:43:14", "text": "the feed. They're doing whatever they're"}, {"start": "00:43:10", "end": "00:43:14", "text": "doing while we wait for the vote."}, {"start": "00:43:15", "end": "00:43:19", "text": "You know what I mean? Why do people put"}, {"start": "00:43:18", "end": "00:43:21", "text": "like"}, {"start": "00:43:19", "end": "00:43:23", "text": ">> Mr. Van Holland, Mr. Warner?"}, {"start": "00:43:21", "end": "00:43:26", "text": ">> Eth is pumping. It's not pumping. Miss"}, {"start": "00:43:23", "end": "00:43:32", "text": "Warren, Mr. Welch, Mr. White House, Mr."}, {"start": "00:43:26", "end": "00:43:32", "text": "Wicker, Mr. Widen, Mr. Young,"}, {"start": "00:43:48", "end": "00:43:53", "text": "it's going to be a choppy next 24 hours"}, {"start": "00:43:50", "end": "00:43:57", "text": "no matter what. We got the Fed rate"}, {"start": "00:43:53", "end": "00:43:57", "text": "decision tomorrow, too."}, {"start": "00:43:59", "end": "00:44:05", "text": "So, brace for volatility."}, {"start": "00:44:06", "end": "00:44:10", "text": "[laughter] It's awesome, dude. It's"}, {"start": "00:44:08", "end": "00:44:14", "text": "incredible. Link to vibecoded clarity"}, {"start": "00:44:10", "end": "00:44:14", "text": "dashboard web page."}, {"start": "00:44:16", "end": "00:44:20", "text": "Definitely what it is. Vivecoded this"}, {"start": "00:44:17", "end": "00:44:24", "text": "puppy. It's crazy. You just have an idea"}, {"start": "00:44:20", "end": "00:44:24", "text": "and boom, within minutes it's there."}, {"start": "00:44:25", "end": "00:44:30", "text": "I don't have it public. It's just for"}, {"start": "00:44:27", "end": "00:44:32", "text": "the stream. But I hope it's useful."}, {"start": "00:44:30", "end": "00:44:37", "text": "When I do stuff like this, I don't even"}, {"start": "00:44:32", "end": "00:44:37", "text": "know if it's like how useful it will be."}, {"start": "00:44:39", "end": "00:44:42", "text": "I don't think we really even need it. I"}, {"start": "00:44:40", "end": "00:44:44", "text": "think once we get a couple of these"}, {"start": "00:44:42", "end": "00:44:47", "text": "votes in, it's going to be just like"}, {"start": "00:44:44", "end": "00:44:47", "text": "very quickly obvious."}, {"start": "00:45:02", "end": "00:45:06", "text": "I want to see if there's any updates"}, {"start": "00:45:04", "end": "00:45:09", "text": "from"}, {"start": "00:45:06", "end": "00:45:12", "text": "any of these top"}, {"start": "00:45:09", "end": "00:45:17", "text": "updators"}, {"start": "00:45:12", "end": "00:45:17", "text": "like Elanor Eleanor streaming"}, {"start": "00:45:19", "end": "00:45:26", "text": "Senator Lemus, we just saw Brandon"}, {"start": "00:45:22", "end": "00:45:26", "text": "Punchball reporter"}, {"start": "00:45:27", "end": "00:45:30", "text": "Brandon."}, {"start": "00:45:37", "end": "00:45:41", "text": "Bipartisan side talks on the Clarity Act"}, {"start": "00:45:39", "end": "00:45:43", "text": "just shut down. Staff are discussing"}, {"start": "00:45:41", "end": "00:45:48", "text": "final terms. Talks are done. Vote is"}, {"start": "00:45:43", "end": "00:45:48", "text": "now. Susan Collins is a no."}, {"start": "00:45:54", "end": "00:46:00", "text": "It's great. Thanks, Susan Collins. There"}, {"start": "00:45:56", "end": "00:46:00", "text": "you go. I mean,"}, {"start": "00:46:01", "end": "00:46:08", "text": "here's Susan Collins,"}, {"start": "00:46:05", "end": "00:46:08", "text": "right?"}, {"start": "00:46:08", "end": "00:46:13", "text": "Here. She's a no."}, {"start": "00:46:21", "end": "00:46:26", "text": "No, I'm definitely not confident in this"}, {"start": "00:46:24", "end": "00:46:30", "text": "passing. I've been optimistic to this"}, {"start": "00:46:26", "end": "00:46:31", "text": "point, but the other day or actually"}, {"start": "00:46:30", "end": "00:46:34", "text": "yesterday,"}, {"start": "00:46:31", "end": "00:46:36", "text": "the Democrats got more even more"}, {"start": "00:46:34", "end": "00:46:37", "text": "concessions on what they wanted and they"}, {"start": "00:46:36", "end": "00:46:38", "text": "still are just like, \"Nope, not good"}, {"start": "00:46:37", "end": "00:46:41", "text": "enough. It's clear they're not"}, {"start": "00:46:38", "end": "00:46:46", "text": ">> voters voting in the affirmative.\""}, {"start": "00:46:41", "end": "00:46:50", "text": "Armstrong, Baraso, Britt, Bud, Capito,"}, {"start": "00:46:46", "end": "00:46:55", "text": "Cotton, Kramer, Cruz, Curtis, Danes,"}, {"start": "00:46:50", "end": "00:47:00", "text": "Ernst, Fiser, Graham, Hovind, Houston,"}, {"start": "00:46:55", "end": "00:47:04", "text": "Hyde, Smith, Johnson, Kennedy, Langford,"}, {"start": "00:47:00", "end": "00:47:07", "text": "Lee, Lemus, Marshall, McCormack,"}, {"start": "00:47:04", "end": "00:47:10", "text": "Marcowski, Rickettts, Rich, Rounds,"}, {"start": "00:47:07", "end": "00:47:13", "text": "Schmidt, Scott of Florida, Scott of"}, {"start": "00:47:10", "end": "00:47:17", "text": "South Carolina, Sullivan, Thoon, Tillis,"}, {"start": "00:47:13", "end": "00:47:20", "text": "Wicker, and Young. Mr. Shehy,"}, {"start": "00:47:17", "end": "00:47:22", "text": "Mr. Shehy I."}, {"start": "00:47:20", "end": "00:47:25", "text": "Senators voting in the negative."}, {"start": "00:47:22", "end": "00:47:29", "text": "Baldwin, Bennett, Blumenthal, Blunt,"}, {"start": "00:47:25", "end": "00:47:32", "text": "Rochester, Collins, Cortez, Masto,"}, {"start": "00:47:29", "end": "00:47:36", "text": "Durban, Federman, Hassan, Heinrich,"}, {"start": "00:47:32", "end": "00:47:41", "text": "Hickinl, Looper, Perono, Kain, Kelly,"}, {"start": "00:47:36", "end": "00:47:45", "text": "Kim, King, Marky, Murphy, Murray, Oaf,"}, {"start": "00:47:41", "end": "00:47:48", "text": "Peters, Reed, Rosen, Shots, Schiff,"}, {"start": "00:47:45", "end": "00:47:51", "text": "Slotkin, Smith, Ben Holland, Warner,"}, {"start": "00:47:48", "end": "00:47:54", "text": "Waro, Warren, Welch, White House, and"}, {"start": "00:47:51", "end": "00:47:57", "text": "Widen."}, {"start": "00:47:54", "end": "00:48:02", "text": "Mr. Tubberville. Mr. Tubberville. I"}, {"start": "00:47:57", "end": "00:48:05", "text": ">> Mr. Boseman. Mr. Boseman. I"}, {"start": "00:48:02", "end": "00:48:05", "text": ">> did I miss anybody?"}, {"start": "00:48:10", "end": "00:48:15", "text": "Like I didn't hear Booker's name for Yes"}, {"start": "00:48:11", "end": "00:48:15", "text": "or No."}, {"start": "00:48:15", "end": "00:48:21", "text": "Also Brooks. Did you hear also Brooks?"}, {"start": "00:48:17", "end": "00:48:21", "text": "She was It was so fast."}, {"start": "00:48:24", "end": "00:48:28", "text": "guessing. I mean, it's not looking good,"}, {"start": "00:48:25", "end": "00:48:30", "text": "though. I mean,"}, {"start": "00:48:28", "end": "00:48:35", "text": "just got a bunch of nose."}, {"start": "00:48:30", "end": "00:48:35", "text": ">> Mr. Mkeley. Mr. Mkeley. No."}, {"start": "00:49:00", "end": "00:49:03", "text": "crazy, bro."}, {"start": "00:49:05", "end": "00:49:09", "text": "Warner is a no."}, {"start": "00:49:09", "end": "00:49:14", "text": "Just trusting the chat at this point."}, {"start": "00:49:12", "end": "00:49:17", "text": "I couldn't keep up with that lady. She's"}, {"start": "00:49:14", "end": "00:49:17", "text": "so fast, dude."}, {"start": "00:49:26", "end": "00:49:30", "text": "Yeah, dude. There's no way. Like,"}, {"start": "00:49:33", "end": "00:49:37", "text": "yeah, there's no way actually. We have"}, {"start": "00:49:36", "end": "00:49:40", "text": "enough like there's just even if the"}, {"start": "00:49:37", "end": "00:49:42", "text": "rest of these yellows, which I probably"}, {"start": "00:49:40", "end": "00:49:45", "text": "missed a couple names here. Even if the"}, {"start": "00:49:42", "end": "00:49:45", "text": "rest of them went green."}, {"start": "00:49:47", "end": "00:49:53", "text": ">> Mrs. Shaheen. No."}, {"start": "00:49:50", "end": "00:49:53", "text": ">> Not even 11."}, {"start": "00:50:02", "end": "00:50:07", "text": "It's crazy, man."}, {"start": "00:50:04", "end": "00:50:09", "text": "At least we got very strong hints with"}, {"start": "00:50:07", "end": "00:50:11", "text": "within the last few days that it would"}, {"start": "00:50:09", "end": "00:50:15", "text": "we could anticipate that it wasn't"}, {"start": "00:50:11", "end": "00:50:15", "text": "looking good."}, {"start": "00:50:15", "end": "00:50:23", "text": ">> Mr. McConnell. Mr. McConnell. I"}, {"start": "00:50:20", "end": "00:50:23", "text": ">> Hey, Mitch McConnell."}, {"start": "00:50:34", "end": "00:50:41", "text": "Right. Group hug everybody. [laughter]"}, {"start": "00:50:37", "end": "00:50:41", "text": "Group hug."}, {"start": "00:50:42", "end": "00:50:46", "text": "That is interesting. I mean, look at"}, {"start": "00:50:44", "end": "00:50:48", "text": "here's Ethereum. I just think Ethereum"}, {"start": "00:50:46", "end": "00:50:51", "text": "is a good chart to watch. Why this"}, {"start": "00:50:48", "end": "00:50:51", "text": "fails?"}, {"start": "00:50:57", "end": "00:51:01", "text": "See this post from Eleanor"}, {"start": "00:51:05", "end": "00:51:09", "text": "39 to 36."}, {"start": "00:51:12", "end": "00:51:17", "text": ">> Miss Clolobachar. Miss Clolobachar. No."}, {"start": "00:51:19", "end": "00:51:23", "text": ">> Tillis was willing to delay the vote,"}, {"start": "00:51:21", "end": "00:51:28", "text": "continue negotiations, but staffer first"}, {"start": "00:51:23", "end": "00:51:28", "text": "Tim Scott abruptly ended the talks."}, {"start": "00:51:58", "end": "00:52:03", "text": "Mr. Hagerty. Mr. Hagerty. I"}, {"start": "00:52:08", "end": "00:52:13", "text": ">> I mean, it's 40 to 37 right now, so"}, {"start": "00:52:10", "end": "00:52:16", "text": "maybe I shouldn't be so pessimistic."}, {"start": "00:52:13", "end": "00:52:16", "text": "You never know."}, {"start": "00:52:22", "end": "00:52:25", "text": "So"}, {"start": "00:52:23", "end": "00:52:30", "text": ">> also Brooks is also Brooks. Snow."}, {"start": "00:52:25", "end": "00:52:30", "text": ">> Oh, that's not good."}, {"start": "00:52:32", "end": "00:52:35", "text": "Okay."}, {"start": "00:52:36", "end": "00:52:40", "text": "20 20 20 yeses."}, {"start": "00:52:42", "end": "00:52:46", "text": ">> Mr. Booker. Mr. Booker. No."}, {"start": "00:52:45", "end": "00:52:52", "text": ">> Okay."}, {"start": "00:52:46", "end": "00:52:52", "text": ">> Miss Canwell. Miss Canwell. No."}, {"start": "00:52:53", "end": "00:52:58", "text": ">> Where's Booker?"}, {"start": "00:52:55", "end": "00:52:58", "text": "Okay."}, {"start": "00:53:00", "end": "00:53:07", "text": "Guys get to see and watch my"}, {"start": "00:53:04", "end": "00:53:10", "text": "my optimism"}, {"start": "00:53:07", "end": "00:53:13", "text": "fade away in real time along with the"}, {"start": "00:53:10", "end": "00:53:13", "text": "rest of you."}, {"start": "00:53:19", "end": "00:53:23", "text": "Look at the charts."}, {"start": "00:53:22", "end": "00:53:25", "text": "All right. Good. Let it This is it"}, {"start": "00:53:23", "end": "00:53:30", "text": "though, dude."}, {"start": "00:53:25", "end": "00:53:31", "text": "Like for real. Thank Like thankfully,"}, {"start": "00:53:30", "end": "00:53:33", "text": "let it happen, man."}, {"start": "00:53:31", "end": "00:53:36", "text": ">> Thanks, Mr. Banks. I"}, {"start": "00:53:33", "end": "00:53:38", "text": ">> pull the band-aid off. This will be"}, {"start": "00:53:36", "end": "00:53:40", "text": "behind us. A blip on the radar,"}, {"start": "00:53:38", "end": "00:53:42", "text": "everybody."}, {"start": "00:53:40", "end": "00:53:45", "text": "Crypto's not over, but let the let the"}, {"start": "00:53:42", "end": "00:53:48", "text": "dip begin. Even without this, a dip is"}, {"start": "00:53:45", "end": "00:53:50", "text": "necessary. A normal if you look at"}, {"start": "00:53:48", "end": "00:53:54", "text": "technically on the weekly for Ethereum"}, {"start": "00:53:50", "end": "00:53:57", "text": "on the on the weekly to the 50 down to"}, {"start": "00:53:54", "end": "00:54:00", "text": "the 20 to the 50 even down to the 20"}, {"start": "00:53:57", "end": "00:54:02", "text": "normal with or without clarity act. But"}, {"start": "00:54:00", "end": "00:54:04", "text": "let's go. Let the headlines push down"}, {"start": "00:54:02", "end": "00:54:06", "text": "lower."}, {"start": "00:54:04", "end": "00:54:08", "text": "Fine."}, {"start": "00:54:06", "end": "00:54:12", "text": "Just happy to have this band-aid"}, {"start": "00:54:08", "end": "00:54:12", "text": "ripped off."}, {"start": "00:54:16", "end": "00:54:20", "text": "You know what I'm saying?"}, {"start": "00:54:23", "end": "00:54:27", "text": "Like look at it. It is crazy, dude. Just"}, {"start": "00:54:26", "end": "00:54:31", "text": "look at the people that are just"}, {"start": "00:54:27", "end": "00:54:35", "text": "blocking this. They I just genuinely I"}, {"start": "00:54:31", "end": "00:54:40", "text": "just feel like they absolutely hate"}, {"start": "00:54:35", "end": "00:54:40", "text": "us, hate America."}, {"start": "00:54:49", "end": "00:54:54", "text": "Go baby,"}, {"start": "00:54:51", "end": "00:54:55", "text": "get the dip."}, {"start": "00:54:54", "end": "00:55:00", "text": "And"}, {"start": "00:54:55", "end": "00:55:03", "text": ">> Mr. Mareno, Mr. Mareno, I"}, {"start": "00:55:00", "end": "00:55:06", "text": "42 to 40. Oh man, I think we need like"}, {"start": "00:55:03", "end": "00:55:07", "text": "18 of what is it? 19 left or how many"}, {"start": "00:55:06", "end": "00:55:12", "text": "votes are even left?"}, {"start": "00:55:07", "end": "00:55:12", "text": ">> Mr. Cassidy. Mr. Cassidy. I"}, {"start": "00:55:17", "end": "00:55:20", "text": ">> Bummer."}, {"start": "00:55:24", "end": "00:55:27", "text": "Such a bummer."}, {"start": "00:55:29", "end": "00:55:35", "text": "Mr. Sanders. Mr. Sanders. No."}, {"start": "00:55:32", "end": "00:55:36", "text": ">> Cool. Can't believe it. Sanders already"}, {"start": "00:55:35", "end": "00:55:42", "text": "know."}, {"start": "00:55:36", "end": "00:55:42", "text": ">> Mr. Grassly. Mr. Grassly. I"}, {"start": "00:56:26", "end": "00:56:29", "text": "I know it annoys some people how I'm"}, {"start": "00:56:27", "end": "00:56:31", "text": "always bringing optimism, but I can't"}, {"start": "00:56:29", "end": "00:56:33", "text": "express to you how how like it's not"}, {"start": "00:56:31", "end": "00:56:35", "text": "good that this doesn't that doesn't it"}, {"start": "00:56:33", "end": "00:56:37", "text": "this doesn't pass, but I can't express"}, {"start": "00:56:35", "end": "00:56:39", "text": "to you enough how good it is that it's"}, {"start": "00:56:37", "end": "00:56:43", "text": "finally just going to be like in the"}, {"start": "00:56:39", "end": "00:56:43", "text": "rearview mirror. Very"}, {"start": "00:56:46", "end": "00:56:54", "text": "very good."}, {"start": "00:56:48", "end": "00:56:54", "text": ">> Mr. Cornin Mr. Cornin I"}, {"start": "00:57:12", "end": "00:57:18", "text": "Mrs. Moody. Mrs. Moody. I Mr. GGO. Mr."}, {"start": "00:57:16", "end": "00:57:21", "text": "GGO. No."}, {"start": "00:57:18", "end": "00:57:24", "text": ">> Yeah, this is for clarity"}, {"start": "00:57:21", "end": "00:57:27", "text": "or I'm sorry, closure."}, {"start": "00:57:24", "end": "00:57:31", "text": ">> Mrs. Gillibrand. Mrs. Gillibrand. No."}, {"start": "00:57:27", "end": "00:57:31", "text": ">> Yeah, that's it. Done."}, {"start": "00:57:36", "end": "00:57:40", "text": "Anybody else out there that was"}, {"start": "00:57:37", "end": "00:57:41", "text": "optimistic like me? Sorry, but it's"}, {"start": "00:57:40", "end": "00:57:45", "text": "going to be okay."}, {"start": "00:57:41", "end": "00:57:45", "text": "I am sorry."}, {"start": "00:57:48", "end": "00:57:51", "text": "Crazy."}, {"start": "00:57:58", "end": "00:58:04", "text": "Mr. Luhan. Mr. Luhan. No."}, {"start": "00:58:26", "end": "00:58:30", "text": "spam is nuts."}, {"start": "00:58:32", "end": "00:58:40", "text": "Oh, now the CFTC and SEC will make the"}, {"start": "00:58:36", "end": "00:58:43", "text": "rules in favor of crypto. Let the charts"}, {"start": "00:58:40", "end": "00:58:43", "text": "absorb it."}, {"start": "00:58:45", "end": "00:58:54", "text": "let it happen. So, I'm like"}, {"start": "00:58:49", "end": "00:58:54", "text": "so frustrated that it's"}, {"start": "00:58:55", "end": "00:58:59", "text": "clarity act not going to pass, but at"}, {"start": "00:58:56", "end": "00:59:01", "text": "the same time so relieved for"}, {"start": "00:58:59", "end": "00:59:04", "text": "um"}, {"start": "00:59:01", "end": "00:59:07", "text": "all the anticipation,"}, {"start": "00:59:04", "end": "00:59:09", "text": "all the back and forth, the teasers from"}, {"start": "00:59:07", "end": "00:59:14", "text": "everybody."}, {"start": "00:59:09", "end": "00:59:14", "text": ">> Mr. Padilla, Mr. Padilla. No,"}, {"start": "00:59:18", "end": "00:59:27", "text": "Mr. Schumer. Mr. Schumer. No, Mr. Holly."}, {"start": "00:59:23", "end": "00:59:27", "text": "Mr. Holly. No,"}, {"start": "00:59:36", "end": "00:59:41", "text": "Mr. Paul. Mr. Paul. I"}, {"start": "00:59:47", "end": "00:59:51", "text": "That's it everybody."}, {"start": "00:59:51", "end": "00:59:55", "text": "It is over."}, {"start": "00:59:55", "end": "01:00:00", "text": "Third failed to pass the cloer."}, {"start": "01:00:00", "end": "01:00:04", "text": "I mean it's just mathematically"}, {"start": "01:00:02", "end": "01:00:07", "text": "impossible."}, {"start": "01:00:04", "end": "01:00:07", "text": "So"}, {"start": "01:00:09", "end": "01:00:12", "text": "shame."}, {"start": "01:00:11", "end": "01:00:14", "text": "Let's check the charts, though. I want"}, {"start": "01:00:12", "end": "01:00:17", "text": "to kind of I want to see what's going"}, {"start": "01:00:14", "end": "01:00:20", "text": "on. I have I have two posts ready to go"}, {"start": "01:00:17", "end": "01:00:25", "text": "for X."}, {"start": "01:00:20", "end": "01:00:25", "text": "Um depending on it passed or failed."}, {"start": "01:00:41", "end": "01:00:46", "text": "It's crazy to see Ethereum like"}, {"start": "01:00:47", "end": "01:00:51", "text": "where is this post? There it is."}, {"start": "01:00:54", "end": "01:00:59", "text": "Good job, America."}, {"start": "01:00:57", "end": "01:01:00", "text": "Way to do it. Could literally lead in"}, {"start": "01:00:59", "end": "01:01:04", "text": "crypto or Yeah, you could lead the world"}, {"start": "01:01:00", "end": "01:01:04", "text": "in crypto."}, {"start": "01:01:05", "end": "01:01:10", "text": "Genuinely so hype and thankful that we"}, {"start": "01:01:07", "end": "01:01:13", "text": "have a pro crypto SEC right now. So,"}, {"start": "01:01:10", "end": "01:01:14", "text": "here's the update for X. The Clarity Act"}, {"start": "01:01:13", "end": "01:01:17", "text": "has failed to advance in the Senate"}, {"start": "01:01:14", "end": "01:01:20", "text": "after falling short on Cloer. Activate"}, {"start": "01:01:17", "end": "01:01:23", "text": "Atkins and the SEC. We should get that"}, {"start": "01:01:20", "end": "01:01:27", "text": "trending. Activate Atkins."}, {"start": "01:01:23", "end": "01:01:30", "text": "So, man, I didn't want to use this post."}, {"start": "01:01:27", "end": "01:01:33", "text": "I really didn't, everybody. Such a"}, {"start": "01:01:30", "end": "01:01:33", "text": "bummer."}, {"start": "01:01:39", "end": "01:01:45", "text": "It's been like a year of waiting for"}, {"start": "01:01:40", "end": "01:01:45", "text": "this this moment."}, {"start": "01:01:47", "end": "01:01:52", "text": "I mean, genuinely, the Senate is so"}, {"start": "01:01:49", "end": "01:01:52", "text": "worthless."}, {"start": "01:01:54", "end": "01:01:58", "text": "Crazy. I'm so happy it's over, though."}, {"start": "01:01:56", "end": "01:02:01", "text": "It's been too much. It's been too much,"}, {"start": "01:01:58", "end": "01:02:01", "text": "dude."}, {"start": "01:02:01", "end": "01:02:08", "text": "Maybe I was too optimistic about it all."}, {"start": "01:02:04", "end": "01:02:08", "text": "Let's watch the charts for a moment."}, {"start": "01:02:10", "end": "01:02:17", "text": "Um, okay. So,"}, {"start": "01:02:14", "end": "01:02:20", "text": "Ethereum for instance, literally testing"}, {"start": "01:02:17", "end": "01:02:20", "text": "its"}, {"start": "01:02:22", "end": "01:02:28", "text": "previous range lows through 23. It's"}, {"start": "01:02:25", "end": "01:02:34", "text": "above 2,300."}, {"start": "01:02:28", "end": "01:02:34", "text": "Pretty sure we can break through that."}, {"start": "01:02:35", "end": "01:02:41", "text": "I think what we should do, I do I really"}, {"start": "01:02:37", "end": "01:02:43", "text": "do want to do some analysis. Um,"}, {"start": "01:02:41", "end": "01:02:48", "text": "I feel like I want to leave this open. I"}, {"start": "01:02:43", "end": "01:02:48", "text": "don't know why it failed."}, {"start": "01:02:55", "end": "01:02:59", "text": "That's what I hope that I hope the"}, {"start": "01:02:57", "end": "01:03:01", "text": "Democrats can understand. No clarity."}, {"start": "01:02:59", "end": "01:03:04", "text": "Trump can make another billion. Good"}, {"start": "01:03:01", "end": "01:03:06", "text": "job. This is crazy."}, {"start": "01:03:04", "end": "01:03:08", "text": "uh as well as a super PAC, the crypto"}, {"start": "01:03:06", "end": "01:03:10", "text": "super PAC with over hund00 million left"}, {"start": "01:03:08", "end": "01:03:13", "text": "to deploy for this year's elections."}, {"start": "01:03:10", "end": "01:03:16", "text": "Like I don't know. I It's crazy. I don't"}, {"start": "01:03:13", "end": "01:03:20", "text": "I don't think the Democratic Party did"}, {"start": "01:03:16", "end": "01:03:23", "text": "very good strategic analysis on the"}, {"start": "01:03:20", "end": "01:03:23", "text": "situation."}, {"start": "01:03:26", "end": "01:03:30", "text": "Crazy, dude."}, {"start": "01:03:36", "end": "01:03:39", "text": "Mr. Moran,"}, {"start": "01:03:37", "end": "01:03:40", "text": ">> Mr. Moran,"}, {"start": "01:03:39", "end": "01:03:45", "text": ">> no."}, {"start": "01:03:40", "end": "01:03:47", "text": ">> Mr. Justice, Mr. Justice, I"}, {"start": "01:03:45", "end": "01:03:51", "text": ">> should definitely take note of everybody"}, {"start": "01:03:47", "end": "01:03:55", "text": "that voting no."}, {"start": "01:03:51", "end": "01:04:00", "text": "Crypto industry certainly will."}, {"start": "01:03:55", "end": "01:04:02", "text": "So, watch how quick we all forget about"}, {"start": "01:04:00", "end": "01:04:04", "text": "this."}, {"start": "01:04:02", "end": "01:04:06", "text": "Um, I want to do some analysis. I I"}, {"start": "01:04:04", "end": "01:04:08", "text": "think it's just so important just to"}, {"start": "01:04:06", "end": "01:04:10", "text": "kind of"}, {"start": "01:04:08", "end": "01:04:13", "text": "news events across cycles have always"}, {"start": "01:04:10", "end": "01:04:16", "text": "moved crypto to its next like short-term"}, {"start": "01:04:13", "end": "01:04:18", "text": "target. This is no different. Um,"}, {"start": "01:04:16", "end": "01:04:20", "text": "Bitcoin was already at this 50week"}, {"start": "01:04:18", "end": "01:04:23", "text": "moving average, for instance, resistance"}, {"start": "01:04:20", "end": "01:04:25", "text": "for weeks. we have a headline that could"}, {"start": "01:04:23", "end": "01:04:27", "text": "really trigger the next normal move. And"}, {"start": "01:04:25", "end": "01:04:29", "text": "when I say normal move, it's a normal"}, {"start": "01:04:27", "end": "01:04:33", "text": "move. You go back to the last previous"}, {"start": "01:04:29", "end": "01:04:36", "text": "macro low when Bitcoin was making a very"}, {"start": "01:04:33", "end": "01:04:38", "text": "similar move um to the 50week moving"}, {"start": "01:04:36", "end": "01:04:40", "text": "average right here. We threw right back"}, {"start": "01:04:38", "end": "01:04:43", "text": "to that 20week moving average before"}, {"start": "01:04:40", "end": "01:04:46", "text": "going higher. So throwing to a 50"}, {"start": "01:04:43", "end": "01:04:48", "text": "resistance, going back to a 20 or even a"}, {"start": "01:04:46", "end": "01:04:51", "text": "200, the red line and the green line,"}, {"start": "01:04:48", "end": "01:04:55", "text": "throwing back to that range,"}, {"start": "01:04:51", "end": "01:04:57", "text": "you know, clarity act or not"}, {"start": "01:04:55", "end": "01:04:59", "text": "is normal."}, {"start": "01:04:57", "end": "01:05:01", "text": "We have a headline that could trigger"}, {"start": "01:04:59", "end": "01:05:03", "text": "that move. And I just think it's"}, {"start": "01:05:01", "end": "01:05:05", "text": "important to to just make a note of"}, {"start": "01:05:03", "end": "01:05:07", "text": "that. Like even if we didn't have"}, {"start": "01:05:05", "end": "01:05:09", "text": "clarity acting was never even a thing"}, {"start": "01:05:07", "end": "01:05:12", "text": "and we're just in this world where"}, {"start": "01:05:09", "end": "01:05:13", "text": "Bitcoin made this move, our analysis"}, {"start": "01:05:12", "end": "01:05:16", "text": "that we watch for would be doing this"}, {"start": "01:05:13", "end": "01:05:18", "text": "anyway, saying, \"Hey, be careful. Be"}, {"start": "01:05:16", "end": "01:05:20", "text": "careful because it would be normal to"}, {"start": "01:05:18", "end": "01:05:22", "text": "get resistance here.\" And that's what"}, {"start": "01:05:20", "end": "01:05:25", "text": "we're doing. I mean, we've been waiting"}, {"start": "01:05:22", "end": "01:05:27", "text": "months for a macro cycle shift. I've"}, {"start": "01:05:25", "end": "01:05:29", "text": "been incredibly bullish all in this"}, {"start": "01:05:27", "end": "01:05:31", "text": "range. It's been very unpopular."}, {"start": "01:05:29", "end": "01:05:33", "text": "Everybody wants to wait for October 5th"}, {"start": "01:05:31", "end": "01:05:35", "text": "to start getting bullish. It doesn't"}, {"start": "01:05:33", "end": "01:05:37", "text": "make sense to me. We've been in"}, {"start": "01:05:35", "end": "01:05:39", "text": "accumulation range. We've been in"}, {"start": "01:05:37", "end": "01:05:42", "text": "lowrisk range for the crypto space. So"}, {"start": "01:05:39", "end": "01:05:44", "text": "that story to exit all of this"}, {"start": "01:05:42", "end": "01:05:46", "text": "downtrend, it takes a while. It takes"}, {"start": "01:05:44", "end": "01:05:48", "text": "months to play out. And that comes with"}, {"start": "01:05:46", "end": "01:05:51", "text": "exiting, getting resistance, coming back"}, {"start": "01:05:48", "end": "01:05:54", "text": "down, putting in higher low. But it is"}, {"start": "01:05:51", "end": "01:05:56", "text": "preparation mode through all of that."}, {"start": "01:05:54", "end": "01:05:57", "text": "That's important to just kind of point"}, {"start": "01:05:56", "end": "01:06:00", "text": "out. And the same exact thing,"}, {"start": "01:05:57", "end": "01:06:02", "text": ">> Blackburn. This is Blackburn. I"}, {"start": "01:06:00", "end": "01:06:03", "text": ">> same exact thing on Ethereum resistance"}, {"start": "01:06:02", "end": "01:06:05", "text": "at these weekly moving averages. The"}, {"start": "01:06:03", "end": "01:06:08", "text": "20week moving average down here around"}, {"start": "01:06:05", "end": "01:06:10", "text": "2,000. We're at 2,300 right now. And"}, {"start": "01:06:08", "end": "01:06:12", "text": "everybody there's there's no telling. I"}, {"start": "01:06:10", "end": "01:06:15", "text": "mean, we're still in the range. Ethereum"}, {"start": "01:06:12", "end": "01:06:18", "text": "is still in its sideways range. And so,"}, {"start": "01:06:15", "end": "01:06:19", "text": "we might see it break out um after now"}, {"start": "01:06:18", "end": "01:06:22", "text": "that this is behind us, the uncertainty"}, {"start": "01:06:19", "end": "01:06:24", "text": "of it. Maybe tomorrow."}, {"start": "01:06:22", "end": "01:06:26", "text": "People aren't liking the Fed headlines,"}, {"start": "01:06:24", "end": "01:06:28", "text": "the rate decision, and then there will"}, {"start": "01:06:26", "end": "01:06:33", "text": "be continuation of this red candle. We"}, {"start": "01:06:28", "end": "01:06:35", "text": "have a double double dose of just bad"}, {"start": "01:06:33", "end": "01:06:38", "text": "sentiment, negative sentiment news."}, {"start": "01:06:35", "end": "01:06:41", "text": "Boom. We're finally testing towards the"}, {"start": "01:06:38", "end": "01:06:44", "text": "50-day moving average around 2,200. The"}, {"start": "01:06:41", "end": "01:06:48", "text": "200 day moving average is around 2,000."}, {"start": "01:06:44", "end": "01:06:51", "text": "Um, this would all be just a normal"}, {"start": "01:06:48", "end": "01:06:54", "text": "move, obviously activated by Clarity"}, {"start": "01:06:51", "end": "01:06:56", "text": "Act, Fed rate h uh Fed Fed rate"}, {"start": "01:06:54", "end": "01:06:59", "text": "decision. Whether or not they hike,"}, {"start": "01:06:56", "end": "01:07:02", "text": "we'll find out very soon within a day"}, {"start": "01:06:59", "end": "01:07:04", "text": "now. And we have a nice little reset on"}, {"start": "01:07:02", "end": "01:07:05", "text": "these charts, which if you look at"}, {"start": "01:07:04", "end": "01:07:09", "text": "Ethereum would be important coming from"}, {"start": "01:07:05", "end": "01:07:12", "text": "swing lows in June to swing high, the"}, {"start": "01:07:09", "end": "01:07:14", "text": "higher low testing of moving averages"}, {"start": "01:07:12", "end": "01:07:16", "text": "both on the daily"}, {"start": "01:07:14", "end": "01:07:18", "text": "as well as even the weekly again the"}, {"start": "01:07:16", "end": "01:07:20", "text": "20week moving average down here around"}, {"start": "01:07:18", "end": "01:07:22", "text": "$2,000. It would be it would be"}, {"start": "01:07:20", "end": "01:07:25", "text": "important. It would be big um and"}, {"start": "01:07:22", "end": "01:07:27", "text": "normal. pointing out once again metal"}, {"start": "01:07:25", "end": "01:07:29", "text": "law man."}, {"start": "01:07:27", "end": "01:07:33", "text": "Um"}, {"start": "01:07:29", "end": "01:07:33", "text": "kind of want to just"}, {"start": "01:07:36", "end": "01:07:40", "text": "I expect chairman Celig and the SEC Paul"}, {"start": "01:07:39", "end": "01:07:42", "text": "Atkins will come out with statements"}, {"start": "01:07:40", "end": "01:07:44", "text": "declaring that the CFTC and SEC intend"}, {"start": "01:07:42", "end": "01:07:46", "text": "to continue full steam ahead on adopting"}, {"start": "01:07:44", "end": "01:07:49", "text": "regulations for the crypto ecosystem. So"}, {"start": "01:07:46", "end": "01:07:52", "text": "I want to point that out to you. Um,"}, {"start": "01:07:49", "end": "01:07:55", "text": "those are the two things I think"}, {"start": "01:07:52", "end": "01:07:57", "text": "consolidation. Let's see what coins do."}, {"start": "01:07:55", "end": "01:07:59", "text": "Right now, Ethereum still in his"}, {"start": "01:07:57", "end": "01:08:01", "text": "sideways range. Hasn't broke down yet,"}, {"start": "01:07:59", "end": "01:08:03", "text": "but the next 24 hours with the Fed"}, {"start": "01:08:01", "end": "01:08:06", "text": "decision going to be big. So, making"}, {"start": "01:08:03", "end": "01:08:09", "text": "note normal to go further down. And then"}, {"start": "01:08:06", "end": "01:08:11", "text": "secondly, I know it's easy to be"}, {"start": "01:08:09", "end": "01:08:13", "text": "discouraged by this news. It we didn't"}, {"start": "01:08:11", "end": "01:08:16", "text": "get through Cloer Clarity Act. It just"}, {"start": "01:08:13", "end": "01:08:17", "text": "look dead, dude. It's it's not going to"}, {"start": "01:08:16", "end": "01:08:20", "text": "happen."}, {"start": "01:08:17", "end": "01:08:21", "text": "But it is something to be grateful for."}, {"start": "01:08:20", "end": "01:08:25", "text": "I at least I am as a crypto holder that"}, {"start": "01:08:21", "end": "01:08:30", "text": "we have a pro crypto SEC. Um,"}, {"start": "01:08:25", "end": "01:08:35", "text": "and his name is Paul Atkins"}, {"start": "01:08:30", "end": "01:08:38", "text": "and he's going to step in now and he's"}, {"start": "01:08:35", "end": "01:08:41", "text": "going to he's going to do some things."}, {"start": "01:08:38", "end": "01:08:44", "text": "And I could be I could be ending this"}, {"start": "01:08:41", "end": "01:08:46", "text": "live stream differently, you know, with"}, {"start": "01:08:44", "end": "01:08:49", "text": "not that little bright spot, but that's"}, {"start": "01:08:46", "end": "01:08:51", "text": "a bright spot because they're going to"}, {"start": "01:08:49", "end": "01:08:53", "text": "unlock a lot that we want in terms of"}, {"start": "01:08:51", "end": "01:08:55", "text": "clarity, in terms of innovation being"}, {"start": "01:08:53", "end": "01:08:57", "text": "able to operate, in terms of capital"}, {"start": "01:08:55", "end": "01:08:59", "text": "being able to operate in America. The"}, {"start": "01:08:57", "end": "01:09:01", "text": "problem is it's good in the short term."}, {"start": "01:08:59", "end": "01:09:05", "text": "It's good for the next couple years or"}, {"start": "01:09:01", "end": "01:09:10", "text": "whatever, but not law, which Clar would"}, {"start": "01:09:05", "end": "01:09:13", "text": "have been. So, this buys us time."}, {"start": "01:09:10", "end": "01:09:15", "text": "Activate Atkins, everybody. He's our"}, {"start": "01:09:13", "end": "01:09:17", "text": "man."}, {"start": "01:09:15", "end": "01:09:19", "text": "I can't believe it. We have him. I'm"}, {"start": "01:09:17", "end": "01:09:22", "text": "grateful for it. And I will I will"}, {"start": "01:09:19", "end": "01:09:24", "text": "gladly be optimistic even in the face of"}, {"start": "01:09:22", "end": "01:09:27", "text": "Clarity Act"}, {"start": "01:09:24", "end": "01:09:29", "text": "is dead in the water. So, appreciate you"}, {"start": "01:09:27", "end": "01:09:31", "text": "all. I really do for coming by uh this"}, {"start": "01:09:29", "end": "01:09:33", "text": "live stream. Sorry for the choppiness"}, {"start": "01:09:31", "end": "01:09:34", "text": "and the technical problems, but if"}, {"start": "01:09:33", "end": "01:09:37", "text": "you're out there, you're not a"}, {"start": "01:09:34", "end": "01:09:39", "text": "subscriber, subscribe. I'll do better"}, {"start": "01:09:37", "end": "01:09:41", "text": "next time. [laughter]"}, {"start": "01:09:39", "end": "01:09:45", "text": "And everybody, crypto ain't going"}, {"start": "01:09:41", "end": "01:09:49", "text": "anywhere. So hang in there. Prepare for"}, {"start": "01:09:45", "end": "01:09:50", "text": "a very fun cycle ahead cuz the expansion"}, {"start": "01:09:49", "end": "01:09:53", "text": "of the business cycle, the expansion of"}, {"start": "01:09:50", "end": "01:09:55", "text": "the crypto space is still ahead and this"}, {"start": "01:09:53", "end": "01:09:57", "text": "is just a little hiccup. So I appreciate"}, {"start": "01:09:55", "end": "01:10:01", "text": "each and every one of you. I will see"}, {"start": "01:09:57", "end": "01:10:01", "text": "you in the next video. God bless."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "Price go up now where you burn."}, {"start": "00:00:10", "end": "00:00:14", "text": "Bitcoin rise. Beers get burned."}, {"start": "00:00:16", "end": "00:00:21", "text": ">> Whoa, what a wild intro that was. Good"}, {"start": "00:00:19", "end": "00:00:24", "text": "morning and welcome to the biggest bull"}, {"start": "00:00:21", "end": "00:00:27", "text": "market of your life. Crypto is still"}, {"start": "00:00:24", "end": "00:00:31", "text": "screaming. The altcoin sector is on fire"}, {"start": "00:00:27", "end": "00:00:32", "text": "right now. We have arbitrum up 53%."}, {"start": "00:00:31", "end": "00:00:34", "text": "I think this is over the last week's"}, {"start": "00:00:32", "end": "00:00:37", "text": "time frame here. Some of the biggest"}, {"start": "00:00:34", "end": "00:00:40", "text": "winners are in that AI sector and"}, {"start": "00:00:37", "end": "00:00:43", "text": "Bitcoin still fighting around that"}, {"start": "00:00:40", "end": "00:00:45", "text": "$86,000 mark, the 4hour time frame"}, {"start": "00:00:43", "end": "00:00:47", "text": "showing some juice. And some of the"}, {"start": "00:00:45", "end": "00:00:51", "text": "biggest stories that I've seen come out"}, {"start": "00:00:47", "end": "00:00:55", "text": "today. Binance moving in tandem with"}, {"start": "00:00:51", "end": "00:00:58", "text": "Circle and a massive move towards USDC."}, {"start": "00:00:55", "end": "00:01:00", "text": "We have the largest hedge fund manager"}, {"start": "00:00:58", "end": "00:01:02", "text": "everyone knows about signaling one of"}, {"start": "00:01:00", "end": "00:01:06", "text": "the biggest changes in sentiment for"}, {"start": "00:01:02", "end": "00:01:08", "text": "Bitcoin in ETF inflows. And it looks"}, {"start": "00:01:06", "end": "00:01:11", "text": "like Elon Musk is getting ready to roll"}, {"start": "00:01:08", "end": "00:01:13", "text": "out that crypto X money play. A massive"}, {"start": "00:01:11", "end": "00:01:15", "text": "massive timing play from Elon Musk."}, {"start": "00:01:13", "end": "00:01:18", "text": "Great to see. And I'm jo I'm going to be"}, {"start": "00:01:15", "end": "00:01:19", "text": "joined by a couple of the greatest minds"}, {"start": "00:01:18", "end": "00:01:22", "text": "in crypto. First and foremost, I got to"}, {"start": "00:01:19", "end": "00:01:24", "text": "bring him up. Mr. Kelly Kellum. How are"}, {"start": "00:01:22", "end": "00:01:26", "text": "you doing, good sir? out there in Las"}, {"start": "00:01:24", "end": "00:01:28", "text": "Vegas rocking those altcoin bags like a"}, {"start": "00:01:26", "end": "00:01:31", "text": "savage. Man, how you been?"}, {"start": "00:01:28", "end": "00:01:34", "text": ">> I I'm feeling absolutely"}, {"start": "00:01:31", "end": "00:01:38", "text": "mind numbed that so many people were so"}, {"start": "00:01:34", "end": "00:01:39", "text": "against the possibility of Bitcoin and"}, {"start": "00:01:38", "end": "00:01:42", "text": "the crypto market and altcoins"}, {"start": "00:01:39", "end": "00:01:44", "text": "absolutely ripping faces off yet again."}, {"start": "00:01:42", "end": "00:01:46", "text": "And we're seeing that right now. The"}, {"start": "00:01:44", "end": "00:01:48", "text": "start of something very great is"}, {"start": "00:01:46", "end": "00:01:49", "text": "underway. Not only is Bitcoin starting,"}, {"start": "00:01:48", "end": "00:01:51", "text": "you know, obviously making a pretty"}, {"start": "00:01:49", "end": "00:01:52", "text": "swing to the upside. We got some key"}, {"start": "00:01:51", "end": "00:01:55", "text": "levels we're going to show on that, but"}, {"start": "00:01:52", "end": "00:01:57", "text": "the altcoins uh of which were dead and"}, {"start": "00:01:55", "end": "00:01:59", "text": "that we're never coming back yet. Uh the"}, {"start": "00:01:57", "end": "00:02:01", "text": "guest is coming on here in a second and"}, {"start": "00:01:59", "end": "00:02:03", "text": "you and I and TJ, we were kind of"}, {"start": "00:02:01", "end": "00:02:06", "text": "screaming from our from the rooftops"}, {"start": "00:02:03", "end": "00:02:08", "text": "that it felt the whole entire last I"}, {"start": "00:02:06", "end": "00:02:11", "text": "won't even call it a cycle. The whole"}, {"start": "00:02:08", "end": "00:02:13", "text": "last trend that felt bullish that never"}, {"start": "00:02:11", "end": "00:02:15", "text": "made its way to the altcoins felt like"}, {"start": "00:02:13", "end": "00:02:17", "text": "something else was going on. And uh our"}, {"start": "00:02:15", "end": "00:02:18", "text": "guest is going to, you know, he broke it"}, {"start": "00:02:17", "end": "00:02:20", "text": "down last time he was on. I'm sure he's"}, {"start": "00:02:18", "end": "00:02:22", "text": "going to break it down again this time."}, {"start": "00:02:20", "end": "00:02:25", "text": "But all those signals that have happened"}, {"start": "00:02:22", "end": "00:02:27", "text": "leading into the last major alt boost,"}, {"start": "00:02:25", "end": "00:02:28", "text": "and I'm not talking about last cycle,"}, {"start": "00:02:27", "end": "00:02:33", "text": "the little baby pumps we had. I'm"}, {"start": "00:02:28", "end": "00:02:35", "text": "talking 2017, 2021, uh, finally seeing"}, {"start": "00:02:33", "end": "00:02:37", "text": "some of those things turn the corner as"}, {"start": "00:02:35", "end": "00:02:40", "text": "well. We also saw the stock markets"}, {"start": "00:02:37", "end": "00:02:42", "text": "hitting uh the all-time high yesterday"}, {"start": "00:02:40", "end": "00:02:43", "text": "as well. So, I'm super excited. I'm"}, {"start": "00:02:42", "end": "00:02:45", "text": "looking forward to jumping in with you"}, {"start": "00:02:43", "end": "00:02:47", "text": "and with our guest."}, {"start": "00:02:45", "end": "00:02:49", "text": ">> Absolutely, man. And now, you know, from"}, {"start": "00:02:47", "end": "00:02:51", "text": "where we're at, I do got to start it off"}, {"start": "00:02:49", "end": "00:02:54", "text": "with uh where Bitcoin is sitting right"}, {"start": "00:02:51", "end": "00:02:56", "text": "now. I was talking about just the main"}, {"start": "00:02:54", "end": "00:02:58", "text": "shelf above our head that we did"}, {"start": "00:02:56", "end": "00:03:00", "text": "slightly bump our head into over the"}, {"start": "00:02:58", "end": "00:03:02", "text": "course of the last few hours here. I"}, {"start": "00:03:00", "end": "00:03:05", "text": "mean, we we pumped, I believe, to about"}, {"start": "00:03:02", "end": "00:03:09", "text": "87 and some change. And I know I was"}, {"start": "00:03:05", "end": "00:03:10", "text": "highlighting the old Yeah, $87,300."}, {"start": "00:03:09", "end": "00:03:11", "text": "when you're looking at Bitcoin from a"}, {"start": "00:03:10", "end": "00:03:13", "text": "longerterm perspective. I'll make money"}, {"start": "00:03:11", "end": "00:03:15", "text": "flow a little bit smaller here just so"}, {"start": "00:03:13", "end": "00:03:18", "text": "we can kind of get a good bell weather."}, {"start": "00:03:15", "end": "00:03:19", "text": "And I was paying attention to this uh"}, {"start": "00:03:18", "end": "00:03:21", "text": "the beginning of the volume node,"}, {"start": "00:03:19", "end": "00:03:24", "text": "$87,500,"}, {"start": "00:03:21", "end": "00:03:26", "text": "which you know, with the velocity that"}, {"start": "00:03:24", "end": "00:03:27", "text": "we've had over the last week, I'm not"}, {"start": "00:03:26", "end": "00:03:30", "text": "going to be surprised if we actually"}, {"start": "00:03:27", "end": "00:03:31", "text": "have the juice in the tank to get there"}, {"start": "00:03:30", "end": "00:03:34", "text": "against all the wishes of the bears"}, {"start": "00:03:31", "end": "00:03:35", "text": "because the daily money flow is once"}, {"start": "00:03:34", "end": "00:03:38", "text": "again swooping aggressively to the"}, {"start": "00:03:35", "end": "00:03:41", "text": "upside. watching this momentum wave to"}, {"start": "00:03:38", "end": "00:03:44", "text": "see if we end up setting up a lower high"}, {"start": "00:03:41", "end": "00:03:47", "text": "in terms of momentum uh to potentially"}, {"start": "00:03:44", "end": "00:03:49", "text": "build that uh scenario for a cool off on"}, {"start": "00:03:47", "end": "00:03:50", "text": "the market, but it has absolutely been"}, {"start": "00:03:49", "end": "00:03:52", "text": "ripping right now."}, {"start": "00:03:50", "end": "00:03:54", "text": ">> Well, well, Drew Drew, throw it throw it"}, {"start": "00:03:52", "end": "00:03:57", "text": "to my screen real quick because I I I"}, {"start": "00:03:54", "end": "00:04:00", "text": "agree with you entirely. The one thing"}, {"start": "00:03:57", "end": "00:04:01", "text": "that I'm watching uh is this zone"}, {"start": "00:04:00", "end": "00:04:04", "text": "directly above us. So, you talk about a"}, {"start": "00:04:01", "end": "00:04:06", "text": "cooloff period. I'm watching this all of"}, {"start": "00:04:04", "end": "00:04:08", "text": "these this chop zone that comes in"}, {"start": "00:04:06", "end": "00:04:11", "text": "through here because if you draw this"}, {"start": "00:04:08", "end": "00:04:13", "text": "across you realize all of these lows are"}, {"start": "00:04:11", "end": "00:04:15", "text": "in here support there rejection"}, {"start": "00:04:13", "end": "00:04:18", "text": "rejection rejection. But then the caveat"}, {"start": "00:04:15", "end": "00:04:19", "text": "there is I feel like the zone that we"}, {"start": "00:04:18", "end": "00:04:22", "text": "got to pay attention to is not"}, {"start": "00:04:19", "end": "00:04:25", "text": "necessarily this exact bull gateway that"}, {"start": "00:04:22", "end": "00:04:29", "text": "I wrote in but really this zone between"}, {"start": "00:04:25", "end": "00:04:31", "text": "here 93,000 and 100,000 because we have"}, {"start": "00:04:29", "end": "00:04:33", "text": "all of this previous price action both"}, {"start": "00:04:31", "end": "00:04:35", "text": "tops and bottoms. We have this uh range"}, {"start": "00:04:33", "end": "00:04:37", "text": "high right here that we still have not"}, {"start": "00:04:35", "end": "00:04:39", "text": "broken through. And also if you pull a"}, {"start": "00:04:37", "end": "00:04:41", "text": "fib from the top, you got to just pull"}, {"start": "00:04:39", "end": "00:04:43", "text": "the little happy fib. We got the golden"}, {"start": "00:04:41", "end": "00:04:46", "text": "pocket right there about the$1 to"}, {"start": "00:04:43", "end": "00:04:48", "text": "$12,000 range. So if the price action"}, {"start": "00:04:46", "end": "00:04:50", "text": "rejects here, I'm not o it's not over. I"}, {"start": "00:04:48", "end": "00:04:53", "text": "think this would be a great sort of"}, {"start": "00:04:50", "end": "00:04:55", "text": "rejection find support go. But I think"}, {"start": "00:04:53", "end": "00:04:58", "text": "yet again, just like every bullish trend"}, {"start": "00:04:55", "end": "00:05:00", "text": "you'll ever see ever, they never go like"}, {"start": "00:04:58", "end": "00:05:02", "text": "this. Uh it wouldn't surprise me to get"}, {"start": "00:05:00", "end": "00:05:04", "text": "a little bit of a cool off here and then"}, {"start": "00:05:02", "end": "00:05:08", "text": "right in here. This is going to be the"}, {"start": "00:05:04", "end": "00:05:10", "text": "very important zone right in this 94 to"}, {"start": "00:05:08", "end": "00:05:12", "text": "$100,000 range. And then I think once we"}, {"start": "00:05:10", "end": "00:05:14", "text": "clear this entire zone, I think uh I"}, {"start": "00:05:12", "end": "00:05:16", "text": "think people that haven't stacked are"}, {"start": "00:05:14", "end": "00:05:18", "text": "going to be jumping jumping beside"}, {"start": "00:05:16", "end": "00:05:20", "text": "themselves uh wondering why they missed"}, {"start": "00:05:18", "end": "00:05:21", "text": "it again and yet all the signals were"}, {"start": "00:05:20", "end": "00:05:23", "text": "here."}, {"start": "00:05:21", "end": "00:05:27", "text": ">> Absolutely. That range um that kind of"}, {"start": "00:05:23", "end": "00:05:31", "text": "begins at 87, it's pretty big. I mean,"}, {"start": "00:05:27", "end": "00:05:34", "text": "this volume node, it spans from $87,000"}, {"start": "00:05:31", "end": "00:05:36", "text": "all the way up to 96K. So, and that's"}, {"start": "00:05:34", "end": "00:05:39", "text": "going to be very psychological if we can"}, {"start": "00:05:36", "end": "00:05:41", "text": "flip that into support. Um, that's going"}, {"start": "00:05:39", "end": "00:05:43", "text": "to be a very, very big deal for extra"}, {"start": "00:05:41", "end": "00:05:45", "text": "catalyst. And I've been doing some"}, {"start": "00:05:43", "end": "00:05:47", "text": "research and analysis on where the"}, {"start": "00:05:45", "end": "00:05:50", "text": "market as a whole can go over the course"}, {"start": "00:05:47", "end": "00:05:53", "text": "of this bull market from kind of my"}, {"start": "00:05:50", "end": "00:05:55", "text": "basecase scenario to the extra bullish"}, {"start": "00:05:53", "end": "00:05:58", "text": "hyper tokenization moment that we've all"}, {"start": "00:05:55", "end": "00:05:59", "text": "been waiting for. But things are moving"}, {"start": "00:05:58", "end": "00:06:02", "text": "nicely and uh I was able to clip some"}, {"start": "00:05:59", "end": "00:06:06", "text": "nice longs in. I've actually uh worked"}, {"start": "00:06:02", "end": "00:06:08", "text": "in the uh trading copy trading for"}, {"start": "00:06:06", "end": "00:06:10", "text": "discover crypto here. pulled a nice"}, {"start": "00:06:08", "end": "00:06:14", "text": "1,600%"}, {"start": "00:06:10", "end": "00:06:17", "text": "out of a a near long at 32x from $260."}, {"start": "00:06:14", "end": "00:06:19", "text": "I closed it last night. Um, you know,"}, {"start": "00:06:17", "end": "00:06:22", "text": "just in case and obviously near kept"}, {"start": "00:06:19", "end": "00:06:25", "text": "ripping. It's near I mean it's near $5."}, {"start": "00:06:22", "end": "00:06:27", "text": "We've seen some major major movers here."}, {"start": "00:06:25", "end": "00:06:29", "text": "I want to go to the crypto market cap."}, {"start": "00:06:27", "end": "00:06:31", "text": "Near protocol's got I've got a lot of"}, {"start": "00:06:29", "end": "00:06:36", "text": "work to do in terms of near protocol in"}, {"start": "00:06:31", "end": "00:06:39", "text": "general because of the there's not many"}, {"start": "00:06:36", "end": "00:06:42", "text": "native near protocol projects out there."}, {"start": "00:06:39", "end": "00:06:43", "text": "Um so what I'm doing is kind of"}, {"start": "00:06:42", "end": "00:06:46", "text": "understanding that the money flow is"}, {"start": "00:06:43", "end": "00:06:46", "text": "coming into that ecosystem as well and"}, {"start": "00:06:46", "end": "00:06:48", "text": "mapping."}, {"start": "00:06:46", "end": "00:06:51", "text": ">> Well, do you see this morning ando also"}, {"start": "00:06:48", "end": "00:06:53", "text": "now they're plugging into near intense?"}, {"start": "00:06:51", "end": "00:06:55", "text": ">> Yeah. Are they really? I did not see"}, {"start": "00:06:53", "end": "00:06:59", "text": "that. Okay."}, {"start": "00:06:55", "end": "00:07:03", "text": ">> All right. Now, Bitcoin Cash up 20 or"}, {"start": "00:06:59", "end": "00:07:04", "text": "about 17%. Bitcoin SV, but Tensor Tow,"}, {"start": "00:07:03", "end": "00:07:07", "text": "this one I was warning about the"}, {"start": "00:07:04", "end": "00:07:10", "text": "velocity on it yesterday. We did tap"}, {"start": "00:07:07", "end": "00:07:12", "text": "about 320 bucks. Cooling off just a"}, {"start": "00:07:10", "end": "00:07:14", "text": "little bit. Pepe coming back with a"}, {"start": "00:07:12", "end": "00:07:17", "text": "vengeance quant showing up here, but"}, {"start": "00:07:14", "end": "00:07:19", "text": "still under that $100 mark. Uh, we got a"}, {"start": "00:07:17", "end": "00:07:20", "text": "super chat here. Oh, yeah. I got CH and"}, {"start": "00:07:19", "end": "00:07:22", "text": "good morning chat. Good morning, chat."}, {"start": "00:07:20", "end": "00:07:24", "text": "Let's pull up this super chat and see"}, {"start": "00:07:22", "end": "00:07:26", "text": "what you guys are saying here. Thoughts"}, {"start": "00:07:24", "end": "00:07:29", "text": "on pitch? I think that's ASI. I had"}, {"start": "00:07:26", "end": "00:07:31", "text": "mentioned Fetch. I can't remember. It"}, {"start": "00:07:29", "end": "00:07:34", "text": "was like two or three weeks ago. U very"}, {"start": "00:07:31", "end": "00:07:35", "text": "large AI project. It's one of the more"}, {"start": "00:07:34", "end": "00:07:37", "text": "beat down ones out there. I'll"}, {"start": "00:07:35", "end": "00:07:39", "text": "definitely keep it in mind to check it"}, {"start": "00:07:37", "end": "00:07:40", "text": "out as we get into the altcoin sector"}, {"start": "00:07:39", "end": "00:07:43", "text": "more deeply in the charts, but there are"}, {"start": "00:07:40", "end": "00:07:45", "text": "definitely some big big moves happening"}, {"start": "00:07:43", "end": "00:07:47", "text": "on these alts that largely I mean the"}, {"start": "00:07:45", "end": "00:07:50", "text": "charts would scare the hell out of"}, {"start": "00:07:47", "end": "00:07:53", "text": "anyone that's long-term holding. Now, in"}, {"start": "00:07:50", "end": "00:07:55", "text": "terms of this uh copying, you know, I"}, {"start": "00:07:53", "end": "00:07:57", "text": "I've rolled this out, been testing it,"}, {"start": "00:07:55", "end": "00:07:59", "text": "making sure that it works well, but it's"}, {"start": "00:07:57", "end": "00:08:02", "text": "working out for me right now. I am"}, {"start": "00:07:59", "end": "00:08:04", "text": "watching the uh some of the bigger"}, {"start": "00:08:02", "end": "00:08:07", "text": "movers over the course of the last few"}, {"start": "00:08:04", "end": "00:08:10", "text": "weeks here to have a moment of breath."}, {"start": "00:08:07", "end": "00:08:13", "text": "And I do have a mind's eye to do some"}, {"start": "00:08:10", "end": "00:08:14", "text": "videos on the best entry points for some"}, {"start": "00:08:13", "end": "00:08:17", "text": "of the top movers here because there is"}, {"start": "00:08:14", "end": "00:08:19", "text": "FOMO being felt across the board. or"}, {"start": "00:08:17", "end": "00:08:21", "text": "those some of the conversations inside"}, {"start": "00:08:19", "end": "00:08:23", "text": "of our school uh and I want to talk to"}, {"start": "00:08:21", "end": "00:08:27", "text": "you about this too, Kelly, cuz inside of"}, {"start": "00:08:23", "end": "00:08:29", "text": "our school there's the conversation"}, {"start": "00:08:27", "end": "00:08:32", "text": "about FOMO and the feelings that we have"}, {"start": "00:08:29", "end": "00:08:34", "text": "right now where we've watched the"}, {"start": "00:08:32", "end": "00:08:37", "text": "resurgence in altcoins for the fa past"}, {"start": "00:08:34", "end": "00:08:39", "text": "few months. We've been actively buying"}, {"start": "00:08:37", "end": "00:08:42", "text": "these altcoin lows for the past few"}, {"start": "00:08:39", "end": "00:08:45", "text": "months and now the feeling of FOMO is"}, {"start": "00:08:42", "end": "00:08:47", "text": "coming in. I feel like we're just"}, {"start": "00:08:45", "end": "00:08:47", "text": "getting started though, Kelly. I mean,"}, {"start": "00:08:47", "end": "00:08:49", "text": "that's"}, {"start": "00:08:47", "end": "00:08:51", "text": ">> Well, we got Remember, we've got like I"}, {"start": "00:08:49", "end": "00:08:53", "text": "don't remember the exact number, over 7"}, {"start": "00:08:51", "end": "00:08:56", "text": "trillion, somewhere between 7 and 9"}, {"start": "00:08:53", "end": "00:09:01", "text": "trillion in money market funds. We're"}, {"start": "00:08:56", "end": "00:09:02", "text": "seeing uh what feels to me and"}, {"start": "00:09:01", "end": "00:09:05", "text": "it feels to me like everything in the"}, {"start": "00:09:02", "end": "00:09:06", "text": "market right now is a scop. It feels"}, {"start": "00:09:05", "end": "00:09:08", "text": "like everything that's happened from the"}, {"start": "00:09:06", "end": "00:09:10", "text": "tariffs all the way through Iran all the"}, {"start": "00:09:08", "end": "00:09:13", "text": "way straight to Hormuz what's going on"}, {"start": "00:09:10", "end": "00:09:16", "text": "uh with just the reshaping it feels like"}, {"start": "00:09:13", "end": "00:09:18", "text": "they're doing you know in their mind's"}, {"start": "00:09:16", "end": "00:09:20", "text": "eye necessary things for the long run"}, {"start": "00:09:18", "end": "00:09:22", "text": "while also being aware I'm talking about"}, {"start": "00:09:20", "end": "00:09:24", "text": "the administration and and how things"}, {"start": "00:09:22", "end": "00:09:26", "text": "are shaping out and affecting the market"}, {"start": "00:09:24", "end": "00:09:30", "text": "this chaos market everybody's feeling"}, {"start": "00:09:26", "end": "00:09:32", "text": ">> while also understanding that $40"}, {"start": "00:09:30", "end": "00:09:34", "text": "trillion is not like oh I've got a"}, {"start": "00:09:32", "end": "00:09:37", "text": "$1,000 credit card bill, I'll pay it"}, {"start": "00:09:34", "end": "00:09:39", "text": "later. $40 trillion is massive. Now,"}, {"start": "00:09:37", "end": "00:09:41", "text": "when you look at how in terms of how"}, {"start": "00:09:39", "end": "00:09:43", "text": "much debt we have in the US, but when"}, {"start": "00:09:41", "end": "00:09:46", "text": "you also look at the GDP and how much"}, {"start": "00:09:43", "end": "00:09:47", "text": "money that we bring in in the country,"}, {"start": "00:09:46", "end": "00:09:49", "text": "uh Joe Kalisari actually talks about"}, {"start": "00:09:47", "end": "00:09:51", "text": "this quite a bit. It's like that people"}, {"start": "00:09:49", "end": "00:09:53", "text": "forget that the amount of debt we have"}, {"start": "00:09:51", "end": "00:09:54", "text": "and the amount of income that we"}, {"start": "00:09:53", "end": "00:09:57", "text": "generate and revenue that we generate in"}, {"start": "00:09:54", "end": "00:09:59", "text": "in in uh different assets that we that"}, {"start": "00:09:57", "end": "00:10:02", "text": "we hold on our balance sheet in America"}, {"start": "00:09:59", "end": "00:10:05", "text": "and across uh you know all the citizenry"}, {"start": "00:10:02", "end": "00:10:06", "text": "and the the government. It's not I I'm"}, {"start": "00:10:05", "end": "00:10:09", "text": "not I'm not saying it's not a big"}, {"start": "00:10:06", "end": "00:10:11", "text": "problem, but the this entire system is a"}, {"start": "00:10:09", "end": "00:10:13", "text": "debt-based system. So, it feels like"}, {"start": "00:10:11", "end": "00:10:16", "text": "they're doing everything in their power"}, {"start": "00:10:13", "end": "00:10:18", "text": "to create all the very obvious"}, {"start": "00:10:16", "end": "00:10:21", "text": "circumstances for the next big print."}, {"start": "00:10:18", "end": "00:10:23", "text": "You know, Larry Leard talks about this a"}, {"start": "00:10:21", "end": "00:10:26", "text": "lot. And now we're seeing uh, you know,"}, {"start": "00:10:23", "end": "00:10:28", "text": "over uh, I can't even remember the"}, {"start": "00:10:26", "end": "00:10:30", "text": "number, almost a trillion dollars a year"}, {"start": "00:10:28", "end": "00:10:33", "text": "just in interest. And yet we have the"}, {"start": "00:10:30", "end": "00:10:34", "text": "Fed, which is uh, you know, just hiked"}, {"start": "00:10:33", "end": "00:10:36", "text": "interest rates, which is only putting"}, {"start": "00:10:34", "end": "00:10:38", "text": "more pressure on the housing market. the"}, {"start": "00:10:36", "end": "00:10:40", "text": "housing market is the most unaffordable"}, {"start": "00:10:38", "end": "00:10:44", "text": "in history right now. We're also seeing"}, {"start": "00:10:40", "end": "00:10:46", "text": "more sellers than buyers. Uh so that's"}, {"start": "00:10:44", "end": "00:10:48", "text": "an issue and we also have this issue"}, {"start": "00:10:46", "end": "00:10:51", "text": "with interest. Uh so it feels like"}, {"start": "00:10:48", "end": "00:10:53", "text": "they're creating the circumstance for"}, {"start": "00:10:51", "end": "00:10:55", "text": "which is going to it's going to make"}, {"start": "00:10:53", "end": "00:10:58", "text": "sense when they print another $5"}, {"start": "00:10:55", "end": "00:11:00", "text": "trillion or 10 trillion or something"}, {"start": "00:10:58", "end": "00:11:02", "text": "ridiculous. Except the only difference"}, {"start": "00:11:00", "end": "00:11:04", "text": "is this time they they're kind of"}, {"start": "00:11:02", "end": "00:11:06", "text": "learning that people are more aware now."}, {"start": "00:11:04", "end": "00:11:07", "text": "They're not doing it in the form of"}, {"start": "00:11:06", "end": "00:11:09", "text": "saying, \"Hey, we're printing this"}, {"start": "00:11:07", "end": "00:11:11", "text": "money.\" They find all these other"}, {"start": "00:11:09", "end": "00:11:14", "text": "financial mechanisms that basically"}, {"start": "00:11:11", "end": "00:11:16", "text": "bundle in to generate that amount that"}, {"start": "00:11:14", "end": "00:11:18", "text": "they need with, you know, kind of"}, {"start": "00:11:16", "end": "00:11:19", "text": "obfiscating what they're really doing."}, {"start": "00:11:18", "end": "00:11:21", "text": "But what does that mean? Massive benefit"}, {"start": "00:11:19", "end": "00:11:24", "text": "to Bitcoin, massive benefit to risk"}, {"start": "00:11:21", "end": "00:11:26", "text": "assets, massive benefit to anybody"}, {"start": "00:11:24", "end": "00:11:28", "text": "that's invested in assets."}, {"start": "00:11:26", "end": "00:11:30", "text": ">> Well, they've got a couple plans, a"}, {"start": "00:11:28", "end": "00:11:32", "text": "couple small plans, and this is one of"}, {"start": "00:11:30", "end": "00:11:35", "text": "them. An orbiting power station. We're"}, {"start": "00:11:32", "end": "00:11:38", "text": "going to be rolling out orbiting power"}, {"start": "00:11:35", "end": "00:11:41", "text": "stations, low earth orbit, uh, solar"}, {"start": "00:11:38", "end": "00:11:43", "text": "systems, robotic orbital construction."}, {"start": "00:11:41", "end": "00:11:44", "text": "Very, very interesting projects"}, {"start": "00:11:43", "end": "00:11:46", "text": "happening. There's going to be a lot of"}, {"start": "00:11:44", "end": "00:11:48", "text": "money printed in this technological"}, {"start": "00:11:46", "end": "00:11:49", "text": "revolution. And my god, I looked a"}, {"start": "00:11:48", "end": "00:11:52", "text": "little bit more at what else the trading"}, {"start": "00:11:49", "end": "00:11:56", "text": "bot has been up to. I'm going to ADA"}, {"start": "00:11:52", "end": "00:12:00", "text": "long right now from 21 cents. That's up"}, {"start": "00:11:56", "end": "00:12:02", "text": "400% 470%. And I know ADA I think the"}, {"start": "00:12:00", "end": "00:12:05", "text": "chat was mentioned and we're coming up"}, {"start": "00:12:02", "end": "00:12:07", "text": "to uh the 25 cent mark on that one. So"}, {"start": "00:12:05", "end": "00:12:08", "text": "that's going to be a key point. What"}, {"start": "00:12:07", "end": "00:12:10", "text": "platform? This is on blowofin. We are"}, {"start": "00:12:08", "end": "00:12:12", "text": "going to be rolling this out with as"}, {"start": "00:12:10", "end": "00:12:13", "text": "many of our trading partners as possible"}, {"start": "00:12:12", "end": "00:12:15", "text": "though. Kind of fun kind of fun to see"}, {"start": "00:12:13", "end": "00:12:17", "text": "it in the crypto market cap. It's"}, {"start": "00:12:15", "end": "00:12:19", "text": "screaming total crypto market cap"}, {"start": "00:12:17", "end": "00:12:21", "text": "reclaimed $3 trillion for the first time"}, {"start": "00:12:19", "end": "00:12:23", "text": "in eight months. I want to check out"}, {"start": "00:12:21", "end": "00:12:25", "text": "this super chat from dirty here. Uh"}, {"start": "00:12:23", "end": "00:12:28", "text": "let's see what we got here. So I missed"}, {"start": "00:12:25", "end": "00:12:32", "text": "the low. Wasn't overly bearish. had an"}, {"start": "00:12:28", "end": "00:12:35", "text": "auto buy set up for $57,500."}, {"start": "00:12:32", "end": "00:12:38", "text": "Oh my gosh. Should have adjusted my"}, {"start": "00:12:35", "end": "00:12:40", "text": "plan. Needed two to 3x. What coin? I"}, {"start": "00:12:38", "end": "00:12:42", "text": "mean, I honestly I was talking about"}, {"start": "00:12:40", "end": "00:12:44", "text": "with our very special guest, which I may"}, {"start": "00:12:42", "end": "00:12:45", "text": "as well bring him up. I may as well"}, {"start": "00:12:44", "end": "00:12:47", "text": "bring him up."}, {"start": "00:12:45", "end": "00:12:50", "text": ">> I'm bringing him up. Matthew Highland,"}, {"start": "00:12:47", "end": "00:12:53", "text": "friend of the show. How are you doing,"}, {"start": "00:12:50", "end": "00:12:53", "text": "good sir?"}, {"start": "00:12:53", "end": "00:12:54", "text": ">> Let's see."}, {"start": "00:12:53", "end": "00:12:56", "text": ">> Oh, you're muted."}, {"start": "00:12:54", "end": "00:12:58", "text": ">> Yeah, I'll unmute him here. Let's see if"}, {"start": "00:12:56", "end": "00:12:58", "text": "I can get it. It was on my end. I got"}, {"start": "00:12:58", "end": "00:12:59", "text": "it."}, {"start": "00:12:58", "end": "00:13:00", "text": ">> There you go."}, {"start": "00:12:59", "end": "00:13:03", "text": ">> Yeah, I'm doing good. I'm excited to be"}, {"start": "00:13:00", "end": "00:13:04", "text": "back on the show here. So, let's uh"}, {"start": "00:13:03", "end": "00:13:06", "text": "let's get into this."}, {"start": "00:13:04", "end": "00:13:07", "text": ">> For anybody that doesn't know, Matt"}, {"start": "00:13:06", "end": "00:13:10", "text": "Matthew Highland is basically like uh"}, {"start": "00:13:07", "end": "00:13:12", "text": "the crypto markets version of Michael"}, {"start": "00:13:10", "end": "00:13:13", "text": "Bur uh for those that don't know who"}, {"start": "00:13:12", "end": "00:13:16", "text": "Michael Bur is, he's the one that saw"}, {"start": "00:13:13", "end": "00:13:18", "text": "the housing crisis uh and bet everything"}, {"start": "00:13:16", "end": "00:13:20", "text": "he had on margin and leverage uh and"}, {"start": "00:13:18", "end": "00:13:22", "text": "made billions of dollars because he saw"}, {"start": "00:13:20", "end": "00:13:24", "text": "it before everybody else. and Matthew's"}, {"start": "00:13:22", "end": "00:13:26", "text": "been uh screaming about the the altcoin"}, {"start": "00:13:24", "end": "00:13:29", "text": "reversal for the last probably year and"}, {"start": "00:13:26", "end": "00:13:32", "text": "a half. Uh and you know really started"}, {"start": "00:13:29", "end": "00:13:34", "text": "calling it into the the beginning of the"}, {"start": "00:13:32", "end": "00:13:36", "text": "summer about you know the takeoff"}, {"start": "00:13:34", "end": "00:13:38", "text": "starting and uh you know absolutely the"}, {"start": "00:13:36", "end": "00:13:40", "text": "most locked in on on this market swing"}, {"start": "00:13:38", "end": "00:13:41", "text": "than anybody else I've seen in the"}, {"start": "00:13:40", "end": "00:13:43", "text": "market. So it's always good to have you"}, {"start": "00:13:41", "end": "00:13:47", "text": "on Mr. Highland."}, {"start": "00:13:43", "end": "00:13:50", "text": "Yeah. And I honestly think now that the"}, {"start": "00:13:47", "end": "00:13:55", "text": "crypto market is basically setting up"}, {"start": "00:13:50", "end": "00:13:57", "text": "for its largest run since basically 2016"}, {"start": "00:13:55", "end": "00:13:59", "text": "and 2017, which if we pull up the charts"}, {"start": "00:13:57", "end": "00:14:04", "text": "here,"}, {"start": "00:13:59", "end": "00:14:04", "text": "let's see. Let me switch over to"}, {"start": "00:14:04", "end": "00:14:08", "text": "It's nice to be surrounded by a mega"}, {"start": "00:14:06", "end": "00:14:10", "text": "bowl, too, in the book. I got to say,"}, {"start": "00:14:08", "end": "00:14:12", "text": "Matt, because we I felt like I was"}, {"start": "00:14:10", "end": "00:14:14", "text": "getting lambasted for for buying those"}, {"start": "00:14:12", "end": "00:14:15", "text": "alts a couple months ago. People were"}, {"start": "00:14:14", "end": "00:14:17", "text": "calling me."}, {"start": "00:14:15", "end": "00:14:20", "text": ">> It was it was Oh my god. It was honestly"}, {"start": "00:14:17", "end": "00:14:24", "text": "I've been in crypto for nine years or 10"}, {"start": "00:14:20", "end": "00:14:26", "text": "years and then on X for about five years"}, {"start": "00:14:24", "end": "00:14:28", "text": "now."}, {"start": "00:14:26", "end": "00:14:31", "text": ">> I've never seen the sentiment that bad."}, {"start": "00:14:28", "end": "00:14:33", "text": "Even in 2018 or 2020, it was not that"}, {"start": "00:14:31", "end": "00:14:37", "text": "bad. So sentiment reached the most"}, {"start": "00:14:33", "end": "00:14:39", "text": "extreme levels in my opinion. And"}, {"start": "00:14:37", "end": "00:14:42", "text": "especially for me on X and I'm sure you"}, {"start": "00:14:39", "end": "00:14:44", "text": "felt it too. There was just so much"}, {"start": "00:14:42", "end": "00:14:47", "text": "anger and people like that want that"}, {"start": "00:14:44", "end": "00:14:49", "text": "were wanting to attack just for saying"}, {"start": "00:14:47", "end": "00:14:51", "text": "I'm buying crypto because"}, {"start": "00:14:49", "end": "00:14:55", "text": ">> well not not only that not only the"}, {"start": "00:14:51", "end": "00:14:57", "text": "angry sentiment there is also uh I I"}, {"start": "00:14:55", "end": "00:14:59", "text": "mean I don't this is just speculated but"}, {"start": "00:14:57", "end": "00:15:01", "text": "uh I'm guessing the number but the"}, {"start": "00:14:59", "end": "00:15:05", "text": "amount of engagement in the crypto"}, {"start": "00:15:01", "end": "00:15:07", "text": "sphere on Twitter also dropped like 90%."}, {"start": "00:15:05", "end": "00:15:09", "text": "I mean, so it's like"}, {"start": "00:15:07", "end": "00:15:10", "text": ">> for for the first time ever,"}, {"start": "00:15:09", "end": "00:15:12", "text": ">> yeah,"}, {"start": "00:15:10", "end": "00:15:13", "text": ">> people YouTube accounts, the largest"}, {"start": "00:15:12", "end": "00:15:16", "text": "YouTube accounts, and I believe"}, {"start": "00:15:13", "end": "00:15:18", "text": "including uh Cowen,"}, {"start": "00:15:16", "end": "00:15:20", "text": "they were losing YouTube followers."}, {"start": "00:15:18", "end": "00:15:22", "text": "Every account was losing YouTube"}, {"start": "00:15:20", "end": "00:15:24", "text": "followers for the first time ever. That"}, {"start": "00:15:22", "end": "00:15:26", "text": "hadn't happened in the last 5 years. So,"}, {"start": "00:15:24", "end": "00:15:28", "text": "people were unsubscribing. They didn't"}, {"start": "00:15:26", "end": "00:15:31", "text": "want crypto. And that had never happened"}, {"start": "00:15:28", "end": "00:15:35", "text": "before in the history of uh crypto"}, {"start": "00:15:31", "end": "00:15:37", "text": "YouTube, which is crazy. But it it like"}, {"start": "00:15:35", "end": "00:15:40", "text": "screamed to me like it confirmed what"}, {"start": "00:15:37", "end": "00:15:43", "text": "was going on which was that this was"}, {"start": "00:15:40", "end": "00:15:46", "text": "basically in my opinion either the"}, {"start": "00:15:43", "end": "00:15:50", "text": "largest opportunity since March of 2020"}, {"start": "00:15:46", "end": "00:15:53", "text": "or the largest opportunity since 2016"}, {"start": "00:15:50", "end": "00:15:55", "text": "which I can show on the charts here. Um"}, {"start": "00:15:53", "end": "00:15:59", "text": "this is the altcoin dominance chart"}, {"start": "00:15:55", "end": "00:16:01", "text": "which I cover frequently. And this to me"}, {"start": "00:15:59", "end": "00:16:03", "text": "like looks like it's bottoming out and"}, {"start": "00:16:01", "end": "00:16:05", "text": "we're seeing the largest monthly"}, {"start": "00:16:03", "end": "00:16:08", "text": "Ballinger band squeeze in its entire"}, {"start": "00:16:05", "end": "00:16:10", "text": "history."}, {"start": "00:16:08", "end": "00:16:12", "text": "But this hasn't risen, right? This was a"}, {"start": "00:16:10", "end": "00:16:14", "text": "4-year bare market, which if I show you"}, {"start": "00:16:12", "end": "00:16:16", "text": "another chart here that I have pulled"}, {"start": "00:16:14", "end": "00:16:17", "text": "up. Share this."}, {"start": "00:16:16", "end": "00:16:18", "text": ">> So,"}, {"start": "00:16:17", "end": "00:16:20", "text": ">> oh yeah, there's a good one."}, {"start": "00:16:18", "end": "00:16:22", "text": ">> This this is probably one of the most"}, {"start": "00:16:20", "end": "00:16:26", "text": "important charts. And I posted this a"}, {"start": "00:16:22", "end": "00:16:29", "text": "bunch back in uh June, July."}, {"start": "00:16:26", "end": "00:16:33", "text": "This chart basically explains exactly"}, {"start": "00:16:29", "end": "00:16:35", "text": "why the crypto market did not perform"}, {"start": "00:16:33", "end": "00:16:38", "text": "the last four years. It's because all of"}, {"start": "00:16:35", "end": "00:16:40", "text": "these ratios were in a bare market. You"}, {"start": "00:16:38", "end": "00:16:42", "text": "see it in Bitcoin dominance. Well,"}, {"start": "00:16:40", "end": "00:16:46", "text": "Bitcoin dominance is obviously inverse,"}, {"start": "00:16:42", "end": "00:16:47", "text": "but ETHBTC was in a 4-year downtrend."}, {"start": "00:16:46", "end": "00:16:50", "text": "Altcoin dominance was in a four-year"}, {"start": "00:16:47", "end": "00:16:52", "text": "downtrend. The PMI, which is the"}, {"start": "00:16:50", "end": "00:16:55", "text": "manufacturers index, in a four-year"}, {"start": "00:16:52", "end": "00:16:58", "text": "downtrend. copper, gold in a four-year"}, {"start": "00:16:55", "end": "00:17:01", "text": "downtrend, oil in a four-year downtrend,"}, {"start": "00:16:58", "end": "00:17:03", "text": "Russell S&P, Russell Nasdaq in a"}, {"start": "00:17:01", "end": "00:17:06", "text": "four-year downtrend. So, it wasn't just"}, {"start": "00:17:03", "end": "00:17:09", "text": "crypto exclusive. This was basically"}, {"start": "00:17:06", "end": "00:17:11", "text": "a steer away from risk the last four"}, {"start": "00:17:09", "end": "00:17:14", "text": "years across every market, right? And"}, {"start": "00:17:11", "end": "00:17:16", "text": "usually in the past, these usually"}, {"start": "00:17:14", "end": "00:17:18", "text": "lasted two years, right? So, that's how"}, {"start": "00:17:16", "end": "00:17:20", "text": "that's why in the past it was every four"}, {"start": "00:17:18", "end": "00:17:23", "text": "years you'd have crypto go up. We saw"}, {"start": "00:17:20", "end": "00:17:25", "text": "crypto go up in 2017, saw it go up in"}, {"start": "00:17:23", "end": "00:17:27", "text": "2021, and obviously the expectation was"}, {"start": "00:17:25", "end": "00:17:30", "text": "that it would go up in 2025 or around"}, {"start": "00:17:27", "end": "00:17:33", "text": "that time. It didn't happen. But this"}, {"start": "00:17:30", "end": "00:17:34", "text": "clearly explain explains why. But what"}, {"start": "00:17:33", "end": "00:17:35", "text": "this also"}, {"start": "00:17:34", "end": "00:17:36", "text": ">> Let me let me ask let me ask you a"}, {"start": "00:17:35", "end": "00:17:38", "text": "question there though because some"}, {"start": "00:17:36", "end": "00:17:40", "text": "people would argue but Bitcoin went up"}, {"start": "00:17:38", "end": "00:17:42", "text": "and I think all of us would agree it"}, {"start": "00:17:40", "end": "00:17:44", "text": "didn't go up nearly to the extent that"}, {"start": "00:17:42", "end": "00:17:47", "text": "we would have expected it to. But is do"}, {"start": "00:17:44", "end": "00:17:50", "text": "you think Bitcoin had its some sort of"}, {"start": "00:17:47", "end": "00:17:52", "text": "semblance of a bull market because it it"}, {"start": "00:17:50", "end": "00:17:55", "text": "on itself separate from uh crypto as a"}, {"start": "00:17:52", "end": "00:17:58", "text": "whole uh altcoins it had such a big"}, {"start": "00:17:55", "end": "00:18:01", "text": "swing of uh growth and acceptance in"}, {"start": "00:17:58", "end": "00:18:02", "text": "terms of like the ETFs and all you know"}, {"start": "00:18:01", "end": "00:18:05", "text": "essentially it's a lot clearer from"}, {"start": "00:18:02", "end": "00:18:06", "text": "regulatory uh you know confusion and"}, {"start": "00:18:05", "end": "00:18:09", "text": "things like that. Is that why that"}, {"start": "00:18:06", "end": "00:18:12", "text": "performed and alts just never ran?"}, {"start": "00:18:09", "end": "00:18:16", "text": "I think that Bitcoin"}, {"start": "00:18:12", "end": "00:18:19", "text": "did have a run, but this was not the"}, {"start": "00:18:16", "end": "00:18:21", "text": "major run. And what you'll notice too is"}, {"start": "00:18:19", "end": "00:18:24", "text": "as time went on, usually in prior runs,"}, {"start": "00:18:21", "end": "00:18:26", "text": "right, when Bitcoin goes up, it starts"}, {"start": "00:18:24", "end": "00:18:28", "text": "to pick up and go more vertical. What we"}, {"start": "00:18:26", "end": "00:18:31", "text": "saw over the last four years was a run"}, {"start": "00:18:28", "end": "00:18:33", "text": "where this leg up was the largest leg"}, {"start": "00:18:31", "end": "00:18:35", "text": "and then it got weaker and then it got"}, {"start": "00:18:33", "end": "00:18:37", "text": "weaker and then eventually roll over."}, {"start": "00:18:35", "end": "00:18:38", "text": "But it makes sense if we go back to this"}, {"start": "00:18:37", "end": "00:18:40", "text": "chart."}, {"start": "00:18:38", "end": "00:18:42", "text": "This explains it why this was the first"}, {"start": "00:18:40", "end": "00:18:45", "text": "ever time where instead of going up,"}, {"start": "00:18:42", "end": "00:18:47", "text": "right, Bitcoin's run got weaker, weaker,"}, {"start": "00:18:45", "end": "00:18:50", "text": "weaker, and flatter. But it makes sense"}, {"start": "00:18:47", "end": "00:18:53", "text": "because it was getting deeper and deeper"}, {"start": "00:18:50", "end": "00:18:57", "text": "into this risk bare market, which"}, {"start": "00:18:53", "end": "00:19:00", "text": "finally has bottomed here in 2026 for"}, {"start": "00:18:57", "end": "00:19:02", "text": "the first time since 2016 in 2020, which"}, {"start": "00:19:00", "end": "00:19:05", "text": "is important because that's when, as we"}, {"start": "00:19:02", "end": "00:19:06", "text": "know, Bitcoin and the crypto market had"}, {"start": "00:19:05", "end": "00:19:09", "text": "its last runs,"}, {"start": "00:19:06", "end": "00:19:12", "text": ">> right? So in my opinion, what this chart"}, {"start": "00:19:09", "end": "00:19:15", "text": "is basically suggesting now is that"}, {"start": "00:19:12", "end": "00:19:20", "text": "crypto and Bitcoin are about to have the"}, {"start": "00:19:15", "end": "00:19:22", "text": "type of run that we have seen after 2016"}, {"start": "00:19:20", "end": "00:19:24", "text": "and after 2020."}, {"start": "00:19:22", "end": "00:19:26", "text": "And the last few months were probably"}, {"start": "00:19:24", "end": "00:19:28", "text": "the maximum opportunity which I kept"}, {"start": "00:19:26", "end": "00:19:30", "text": "saying on X over and over, especially in"}, {"start": "00:19:28", "end": "00:19:35", "text": "June, July. I think I said it like 40 or"}, {"start": "00:19:30", "end": "00:19:36", "text": "50 times. I guess I asked Grock. So,"}, {"start": "00:19:35", "end": "00:19:38", "text": "I think it's setting up."}, {"start": "00:19:36", "end": "00:19:40", "text": ">> I was asking I asked Grock the same"}, {"start": "00:19:38", "end": "00:19:42", "text": "thing. Who was bull posting the most?"}, {"start": "00:19:40", "end": "00:19:45", "text": "And you were act you actually landed as"}, {"start": "00:19:42", "end": "00:19:47", "text": "number three uh out of all of that. So,"}, {"start": "00:19:45", "end": "00:19:49", "text": ">> it was it was literally like 10"}, {"start": "00:19:47", "end": "00:19:51", "text": "accounts. It was like 10 to 20 accounts"}, {"start": "00:19:49", "end": "00:19:53", "text": "that were vocal"}, {"start": "00:19:51", "end": "00:19:56", "text": ">> and the other thousand were saying"}, {"start": "00:19:53", "end": "00:19:58", "text": "crypto is dead. Get out. People were"}, {"start": "00:19:56", "end": "00:20:00", "text": "even saying in August, in August, do not"}, {"start": "00:19:58", "end": "00:20:01", "text": "even bother with Bitcoin at this point"}, {"start": "00:20:00", "end": "00:20:04", "text": "because remember the stock market went"}, {"start": "00:20:01", "end": "00:20:05", "text": "up and you know everyone was seeing like"}, {"start": "00:20:04", "end": "00:20:07", "text": "the stock market go up and Bitcoin was"}, {"start": "00:20:05", "end": "00:20:08", "text": "still not doing anything. People were"}, {"start": "00:20:07", "end": "00:20:10", "text": "saying don't even bother with Bitcoin at"}, {"start": "00:20:08", "end": "00:20:12", "text": "this point. Stocks are better."}, {"start": "00:20:10", "end": "00:20:14", "text": ">> But in my opinion, right, I think this"}, {"start": "00:20:12", "end": "00:20:19", "text": "whole past few years"}, {"start": "00:20:14", "end": "00:20:21", "text": ">> is basically the equivalent of 2018 to"}, {"start": "00:20:19", "end": "00:20:22", "text": "March of 2020. So, if I just like box"}, {"start": "00:20:21", "end": "00:20:25", "text": "this out, and this is just based on"}, {"start": "00:20:22", "end": "00:20:26", "text": "those macro risk ratios that I just"}, {"start": "00:20:25", "end": "00:20:28", "text": "showed, right?"}, {"start": "00:20:26", "end": "00:20:32", "text": ">> I think this period that we've been in"}, {"start": "00:20:28", "end": "00:20:37", "text": "for the last four years, right, was"}, {"start": "00:20:32", "end": "00:20:40", "text": "equivalent to this in June July of 2026"}, {"start": "00:20:37", "end": "00:20:43", "text": "was the equivalent of March of 2020,"}, {"start": "00:20:40", "end": "00:20:46", "text": "which on other charts, if I if I go to"}, {"start": "00:20:43", "end": "00:20:47", "text": "let's see, I'm not sure if I"}, {"start": "00:20:46", "end": "00:20:49", "text": ">> interesting comparison. This is kind of"}, {"start": "00:20:47", "end": "00:20:51", "text": "a novel view of it. And I know we're on"}, {"start": "00:20:49", "end": "00:20:52", "text": "logarithmic charts for the time being,"}, {"start": "00:20:51", "end": "00:20:55", "text": "right?"}, {"start": "00:20:52", "end": "00:20:57", "text": ">> Yeah. It and here's like I can even show"}, {"start": "00:20:55", "end": "00:20:59", "text": "it on other charts. So this is like"}, {"start": "00:20:57", "end": "00:21:02", "text": "Ethereum."}, {"start": "00:20:59", "end": "00:21:03", "text": ">> Ethereum is that that that's where a lot"}, {"start": "00:21:02", "end": "00:21:05", "text": "of the altcoin"}, {"start": "00:21:03", "end": "00:21:08", "text": ">> frustrations come from."}, {"start": "00:21:05", "end": "00:21:09", "text": ">> So if you just So this is 2018 to 2020,"}, {"start": "00:21:08", "end": "00:21:12", "text": "which I just showed on the Bitcoin"}, {"start": "00:21:09", "end": "00:21:16", "text": "chart. If I I just copied this, right?"}, {"start": "00:21:12", "end": "00:21:20", "text": "If I just overlay this, right,"}, {"start": "00:21:16", "end": "00:21:23", "text": "and just move this up, right?"}, {"start": "00:21:20", "end": "00:21:26", "text": ">> In my opinion, this was basically your"}, {"start": "00:21:23", "end": "00:21:28", "text": "March 2020 moment. It lasts a lot"}, {"start": "00:21:26", "end": "00:21:29", "text": "longer. It wasn't like a quick drop, but"}, {"start": "00:21:28", "end": "00:21:32", "text": "everything's been slower. Everything"}, {"start": "00:21:29", "end": "00:21:35", "text": "doubled in the length of time. What used"}, {"start": "00:21:32", "end": "00:21:37", "text": "to be two years has now been four or or"}, {"start": "00:21:35", "end": "00:21:39", "text": "five years, basically, right?"}, {"start": "00:21:37", "end": "00:21:41", "text": ">> You even see it on charts. I'll show you"}, {"start": "00:21:39", "end": "00:21:43", "text": "another one that's actually interesting."}, {"start": "00:21:41", "end": "00:21:45", "text": "Like Cardano, right? This is so this"}, {"start": "00:21:43", "end": "00:21:47", "text": "overlay up here. This is the exact same,"}, {"start": "00:21:45", "end": "00:21:48", "text": "right? This looks exactly the same,"}, {"start": "00:21:47", "end": "00:21:50", "text": "right?"}, {"start": "00:21:48", "end": "00:21:52", "text": ">> This looks exactly the same. This"}, {"start": "00:21:50", "end": "00:21:53", "text": "breakdown here, I don't own Cardano,"}, {"start": "00:21:52", "end": "00:21:55", "text": "right? But look it, this breakdown is"}, {"start": "00:21:53", "end": "00:21:58", "text": "the exact same as March of 2020. It"}, {"start": "00:21:55", "end": "00:21:59", "text": "broke below Ethereum looks the same. If"}, {"start": "00:21:58", "end": "00:22:02", "text": "you look at others,"}, {"start": "00:21:59", "end": "00:22:05", "text": "see if I can find others. Others, for"}, {"start": "00:22:02", "end": "00:22:08", "text": "example, this this structure to me, this"}, {"start": "00:22:05", "end": "00:22:10", "text": "looks the same."}, {"start": "00:22:08", "end": "00:22:12", "text": "If you just overlay this and then just"}, {"start": "00:22:10", "end": "00:22:14", "text": "drag this out."}, {"start": "00:22:12", "end": "00:22:16", "text": "I don't know why it's so sensitive. Oh,"}, {"start": "00:22:14", "end": "00:22:18", "text": "move it. Move it over."}, {"start": "00:22:16", "end": "00:22:19", "text": ">> It's touchy. It's touchy. Touchy"}, {"start": "00:22:18", "end": "00:22:21", "text": "conversation."}, {"start": "00:22:19", "end": "00:22:23", "text": ">> Yeah, it's Yeah, it's annoying. But if"}, {"start": "00:22:21", "end": "00:22:25", "text": "you just overlay it, I'm not going to"}, {"start": "00:22:23", "end": "00:22:27", "text": "mess with it anymore. But it's the same."}, {"start": "00:22:25", "end": "00:22:29", "text": "It had the move up, the consolidation,"}, {"start": "00:22:27", "end": "00:22:31", "text": "and then over here, the move up, the"}, {"start": "00:22:29", "end": "00:22:34", "text": "consolidation, it just lasted twice"}, {"start": "00:22:31", "end": "00:22:37", "text": "twice as long or more than that because"}, {"start": "00:22:34", "end": "00:22:39", "text": "of these risk ratios doubling the length"}, {"start": "00:22:37", "end": "00:22:42", "text": "of time. And in my opinion, what this is"}, {"start": "00:22:39", "end": "00:22:44", "text": "setting up for now is I I think because"}, {"start": "00:22:42", "end": "00:22:48", "text": "this took twice as long, I think it'll"}, {"start": "00:22:44", "end": "00:22:49", "text": "take much much longer to reach the top."}, {"start": "00:22:48", "end": "00:22:52", "text": "Like why why would we have"}, {"start": "00:22:49", "end": "00:22:54", "text": ">> So you're saying beyond 2028, 2029 into"}, {"start": "00:22:52", "end": "00:22:57", "text": "like 2031, 2032."}, {"start": "00:22:54", "end": "00:23:01", "text": ">> No. No, no. Uh, this like this run right"}, {"start": "00:22:57", "end": "00:23:02", "text": "here was about a year and a half. I"}, {"start": "00:23:01", "end": "00:23:04", "text": "think this will take about two to three"}, {"start": "00:23:02", "end": "00:23:08", "text": "years from now. So, yeah, 2028. I think"}, {"start": "00:23:04", "end": "00:23:10", "text": "honestly 2028, but it's to be deter"}, {"start": "00:23:08", "end": "00:23:11", "text": "determined. But I, you know, if I'm"}, {"start": "00:23:10", "end": "00:23:14", "text": "wrong about it, I don't really care if"}, {"start": "00:23:11", "end": "00:23:16", "text": "it's 2028 or 2029."}, {"start": "00:23:14", "end": "00:23:16", "text": "I'll look at the charts as the time gets"}, {"start": "00:23:16", "end": "00:23:18", "text": "closer."}, {"start": "00:23:16", "end": "00:23:19", "text": ">> Yeah. And I want to talk about the"}, {"start": "00:23:18", "end": "00:23:21", "text": "timing and because it's kind of weird"}, {"start": "00:23:19", "end": "00:23:24", "text": "that you're landing on 2028. So, I"}, {"start": "00:23:21", "end": "00:23:25", "text": "landed on the middle of 2028 from I"}, {"start": "00:23:24", "end": "00:23:27", "text": "landed too."}, {"start": "00:23:25", "end": "00:23:27", "text": ">> What? Oh, that's really weird. Okay, so"}, {"start": "00:23:27", "end": "00:23:29", "text": "we're"}, {"start": "00:23:27", "end": "00:23:31", "text": ">> based on based on based on the macro"}, {"start": "00:23:29", "end": "00:23:32", "text": "based on those macro the macro charts"}, {"start": "00:23:31", "end": "00:23:32", "text": "here."}, {"start": "00:23:32", "end": "00:23:37", "text": ">> Mhm."}, {"start": "00:23:32", "end": "00:23:39", "text": ">> I I believe it's set up for 2028, like"}, {"start": "00:23:37", "end": "00:23:41", "text": "middle of 2028, maybe the election"}, {"start": "00:23:39", "end": "00:23:44", "text": "night. Maybe it could literally just be"}, {"start": "00:23:41", "end": "00:23:45", "text": "that. Um,"}, {"start": "00:23:44", "end": "00:23:46", "text": ">> that's weird because around that time"}, {"start": "00:23:45", "end": "00:23:50", "text": "frame"}, {"start": "00:23:46", "end": "00:23:53", "text": ">> I did the the others versus Bitcoin and"}, {"start": "00:23:50", "end": "00:23:55", "text": "the two gigantic descending wedges and"}, {"start": "00:23:53", "end": "00:23:58", "text": "then the f the fractal of what it looked"}, {"start": "00:23:55", "end": "00:24:00", "text": "like after we broke out of the original"}, {"start": "00:23:58", "end": "00:24:01", "text": "descending wedge compared to the"}, {"start": "00:24:00", "end": "00:24:04", "text": "descending wedge we're falling out of"}, {"start": "00:24:01", "end": "00:24:07", "text": "right now. And um that's kind of but I"}, {"start": "00:24:04", "end": "00:24:09", "text": "it wasn't on a logarithmic scale cuz I"}, {"start": "00:24:07", "end": "00:24:10", "text": "just kind of look at it on a"}, {"start": "00:24:09", "end": "00:24:12", "text": ">> you know that's very interesting that"}, {"start": "00:24:10", "end": "00:24:14", "text": "you're landing on that time frame. You"}, {"start": "00:24:12", "end": "00:24:16", "text": "mentioned ETF inflows too Matt. I mean"}, {"start": "00:24:14", "end": "00:24:19", "text": "one of the bigger things that I noticed"}, {"start": "00:24:16", "end": "00:24:20", "text": ">> on just the general so and this is you"}, {"start": "00:24:19", "end": "00:24:23", "text": "know obviously we're talking altcoins"}, {"start": "00:24:20", "end": "00:24:26", "text": "but Bitcoin inflows in particular we hit"}, {"start": "00:24:23", "end": "00:24:29", "text": "nearly a billion dollars in inflows in a"}, {"start": "00:24:26", "end": "00:24:31", "text": "single day yesterday. massive massive"}, {"start": "00:24:29", "end": "00:24:34", "text": "return in institutional interest in"}, {"start": "00:24:31", "end": "00:24:35", "text": "Bitcoin. And you know, I have had my own"}, {"start": "00:24:34", "end": "00:24:38", "text": "thoughts on"}, {"start": "00:24:35", "end": "00:24:41", "text": ">> why the uh you know, the last market was"}, {"start": "00:24:38", "end": "00:24:43", "text": "so dominated by Bitcoin and I felt like"}, {"start": "00:24:41", "end": "00:24:46", "text": "a lot of it was that ETF product and the"}, {"start": "00:24:43", "end": "00:24:48", "text": "strategic reserve, but all coins I mean"}, {"start": "00:24:46", "end": "00:24:51", "text": "they've been waiting for their time in"}, {"start": "00:24:48", "end": "00:24:53", "text": "the sun and you know what which chart is"}, {"start": "00:24:51", "end": "00:24:54", "text": "this? Is this uh the others to Bitcoin"}, {"start": "00:24:53", "end": "00:24:55", "text": "chart that you're looking at right now?"}, {"start": "00:24:54", "end": "00:24:57", "text": "What are we looking at here? That's the"}, {"start": "00:24:55", "end": "00:24:58", "text": "That's the altcoin dominance chart,"}, {"start": "00:24:57", "end": "00:24:59", "text": ">> which"}, {"start": "00:24:58", "end": "00:25:00", "text": ">> okay,"}, {"start": "00:24:59", "end": "00:25:02", "text": ">> this obviously has been in a four-year"}, {"start": "00:25:00", "end": "00:25:04", "text": "downtrend. I'm trying to find a chart."}, {"start": "00:25:02", "end": "00:25:06", "text": "Let me see if I can find this real fast."}, {"start": "00:25:04", "end": "00:25:07", "text": "I sent this to someone recently."}, {"start": "00:25:06", "end": "00:25:10", "text": ">> I always find it fascinating when we"}, {"start": "00:25:07", "end": "00:25:13", "text": "land on the same time frame for from two"}, {"start": "00:25:10", "end": "00:25:14", "text": "different perspectives like mid 2028"}, {"start": "00:25:13", "end": "00:25:18", "text": "because I don't feel like alts are going"}, {"start": "00:25:14", "end": "00:25:20", "text": "to follow the Bitcoin blowoff top uh"}, {"start": "00:25:18", "end": "00:25:22", "text": "pattern again. Yeah. Well, well, if you"}, {"start": "00:25:20", "end": "00:25:23", "text": "Okay, so if you think about it from this"}, {"start": "00:25:22", "end": "00:25:25", "text": "perspective, right, and this is part of"}, {"start": "00:25:23", "end": "00:25:27", "text": "the reason why, in my opinion, this was"}, {"start": "00:25:25", "end": "00:25:29", "text": "a mid-cycle correction this year,"}, {"start": "00:25:27", "end": "00:25:32", "text": "similar to the one in March of 2020,"}, {"start": "00:25:29", "end": "00:25:34", "text": "right? Or 2019 to 2020."}, {"start": "00:25:32", "end": "00:25:37", "text": ">> If everything doubled in the length of"}, {"start": "00:25:34", "end": "00:25:39", "text": "time, then you're probably looking at"}, {"start": "00:25:37", "end": "00:25:41", "text": "like let's say it went from four years"}, {"start": "00:25:39", "end": "00:25:44", "text": "to eight years, 75% of the way through"}, {"start": "00:25:41", "end": "00:25:45", "text": "would fall right into 2028."}, {"start": "00:25:44", "end": "00:25:47", "text": ">> Interesting."}, {"start": "00:25:45", "end": "00:25:50", "text": ">> Fall right in 2028. Well, I'm taking I'm"}, {"start": "00:25:47", "end": "00:25:53", "text": "taking a micro strategy, a strategy"}, {"start": "00:25:50", "end": "00:25:56", "text": "option that is basically the strike is"}, {"start": "00:25:53", "end": "00:25:58", "text": "in January 2028, and that's just to be a"}, {"start": "00:25:56", "end": "00:25:59", "text": "little safe. But I I think that I I I"}, {"start": "00:25:58", "end": "00:26:02", "text": "think the same thing. I think it's going"}, {"start": "00:25:59", "end": "00:26:05", "text": "to be somewhere between April and and"}, {"start": "00:26:02", "end": "00:26:07", "text": "October most likely for a top in the"}, {"start": "00:26:05", "end": "00:26:09", "text": "markets."}, {"start": "00:26:07", "end": "00:26:11", "text": ">> Yeah. And the CR and a lot of people, if"}, {"start": "00:26:09", "end": "00:26:13", "text": "you go on X, are they're all expecting"}, {"start": "00:26:11", "end": "00:26:16", "text": "2029. Actually, I see a lot of people"}, {"start": "00:26:13", "end": "00:26:18", "text": "saying Bitcoin's not going to break out"}, {"start": "00:26:16", "end": "00:26:20", "text": "until or break all-time highs until"}, {"start": "00:26:18", "end": "00:26:22", "text": "around the halfing like it usually does."}, {"start": "00:26:20", "end": "00:26:24", "text": "I'm I'm I'm against that. I wouldn't be"}, {"start": "00:26:22", "end": "00:26:27", "text": "surprised if Bitcoin breaks out in"}, {"start": "00:26:24", "end": "00:26:29", "text": "quarter 1 of next year or even gets up"}, {"start": "00:26:27", "end": "00:26:31", "text": "to all-time highs this year. I would not"}, {"start": "00:26:29", "end": "00:26:33", "text": "be surprised if Bitcoin's at 125K. And I"}, {"start": "00:26:31", "end": "00:26:35", "text": "was saying this back in July, like back"}, {"start": "00:26:33", "end": "00:26:37", "text": "in July, I was saying this, I have"}, {"start": "00:26:35", "end": "00:26:38", "text": "tweets or even June where I was saying"}, {"start": "00:26:37", "end": "00:26:42", "text": "once when Bitcoin breaks out, it's"}, {"start": "00:26:38", "end": "00:26:44", "text": "beling it to um the all-time high, which"}, {"start": "00:26:42", "end": "00:26:48", "text": "I can actually show on the chart. Why?"}, {"start": "00:26:44", "end": "00:26:50", "text": "Like if I load up the Hold up, go to log"}, {"start": "00:26:48", "end": "00:26:52", "text": "scale."}, {"start": "00:26:50", "end": "00:26:54", "text": "I have another chart too that I'm going"}, {"start": "00:26:52", "end": "00:26:56", "text": "to show you that's pretty interesting."}, {"start": "00:26:54", "end": "00:27:00", "text": "Oh my god. Um,"}, {"start": "00:26:56", "end": "00:27:04", "text": ">> very and the Bitcoin"}, {"start": "00:27:00", "end": "00:27:06", "text": ">> Bitcoin blowoff top has happened 1440"}, {"start": "00:27:04", "end": "00:27:07", "text": "days from top to top pretty"}, {"start": "00:27:06", "end": "00:27:09", "text": "consistently."}, {"start": "00:27:07", "end": "00:27:11", "text": ">> So, you're saying even on Bitcoin,"}, {"start": "00:27:09", "end": "00:27:14", "text": "you're thinking 2028 because I'm still"}, {"start": "00:27:11", "end": "00:27:16", "text": "landing in the 29 sector for Bitcoin. 28"}, {"start": "00:27:14", "end": "00:27:19", "text": "is what I'm looking at for the altcoins."}, {"start": "00:27:16", "end": "00:27:21", "text": ">> Um, so this is something I got to think"}, {"start": "00:27:19", "end": "00:27:25", "text": "pretty hard about. I would I would think"}, {"start": "00:27:21", "end": "00:27:27", "text": "Bitcoin will top um I think I I'm"}, {"start": "00:27:25", "end": "00:27:29", "text": "leaning toward 2028, but the thing is"}, {"start": "00:27:27", "end": "00:27:31", "text": "too is that it doesn't truly matter"}, {"start": "00:27:29", "end": "00:27:33", "text": "right now. We're only in 2026, so I'm"}, {"start": "00:27:31", "end": "00:27:37", "text": "like like if I'm wrong about it and it"}, {"start": "00:27:33", "end": "00:27:39", "text": "goes to 2029, then that's fine. Um or if"}, {"start": "00:27:37", "end": "00:27:42", "text": "something new pops up that makes me want"}, {"start": "00:27:39", "end": "00:27:44", "text": "to adjust it, but I'm trying to like"}, {"start": "00:27:42", "end": "00:27:46", "text": "load this up. Let's try to make this a"}, {"start": "00:27:44", "end": "00:27:50", "text": "little bit visually better here to make"}, {"start": "00:27:46", "end": "00:27:52", "text": "it visible. So, this is the Donian uh"}, {"start": "00:27:50", "end": "00:27:54", "text": "channels on the three-week time frame."}, {"start": "00:27:52", "end": "00:27:57", "text": "Let me get rid of that middle line. So,"}, {"start": "00:27:54", "end": "00:27:59", "text": "um the three-week time frame. So,"}, {"start": "00:27:57", "end": "00:28:02", "text": ">> Daniel's got a good point here."}, {"start": "00:27:59", "end": "00:28:04", "text": ">> So, so this is uh the Donian channels."}, {"start": "00:28:02", "end": "00:28:05", "text": "And what you'll notice is this is why I"}, {"start": "00:28:04", "end": "00:28:08", "text": "was saying that Bitcoin would probably"}, {"start": "00:28:05", "end": "00:28:11", "text": "just go straight to 125K."}, {"start": "00:28:08", "end": "00:28:13", "text": "First off, it only dropped 50%. which"}, {"start": "00:28:11", "end": "00:28:16", "text": "for it to go up 100% is not crazy"}, {"start": "00:28:13", "end": "00:28:18", "text": "because right here in 2023 it went from"}, {"start": "00:28:16", "end": "00:28:22", "text": "I think 15k to 32k within a few months."}, {"start": "00:28:18", "end": "00:28:23", "text": "So going from 60k to 120 or 125k is the"}, {"start": "00:28:22", "end": "00:28:25", "text": "same thing. But what you'll notice is"}, {"start": "00:28:23", "end": "00:28:28", "text": "usually when Bitcoin takes off and makes"}, {"start": "00:28:25", "end": "00:28:30", "text": "that first higher high after hitting the"}, {"start": "00:28:28", "end": "00:28:31", "text": "donian low. When it makes that first"}, {"start": "00:28:30", "end": "00:28:33", "text": "higher high, what does it do? It goes to"}, {"start": "00:28:31", "end": "00:28:37", "text": "the upper band, right? So right there,"}, {"start": "00:28:33", "end": "00:28:39", "text": "this was 2015. Went to the upper band,"}, {"start": "00:28:37", "end": "00:28:42", "text": "hit the lower band here when it took"}, {"start": "00:28:39", "end": "00:28:45", "text": "off. Where did it go to the upper band?"}, {"start": "00:28:42", "end": "00:28:46", "text": "Right? That was back in 2019. Over here"}, {"start": "00:28:45", "end": "00:28:48", "text": "when it took off, where did it go to"}, {"start": "00:28:46", "end": "00:28:49", "text": "within and this is all within a few"}, {"start": "00:28:48", "end": "00:28:51", "text": "months every single time? And within"}, {"start": "00:28:49", "end": "00:28:53", "text": "three to four months, every single time"}, {"start": "00:28:51", "end": "00:28:55", "text": "uh in all examples, where did it go to?"}, {"start": "00:28:53", "end": "00:28:58", "text": "The upper band. If we include 2020 right"}, {"start": "00:28:55", "end": "00:28:59", "text": "here, it didn't tap it, but almost hit"}, {"start": "00:28:58", "end": "00:29:02", "text": "it. But within three to four months,"}, {"start": "00:28:59", "end": "00:29:04", "text": "back at the upper band. So, we just made"}, {"start": "00:29:02", "end": "00:29:07", "text": "the higher high here, just like it did"}, {"start": "00:29:04", "end": "00:29:08", "text": "right here. Why would I not expect this"}, {"start": "00:29:07", "end": "00:29:10", "text": "to reach the upper band which is sitting"}, {"start": "00:29:08", "end": "00:29:12", "text": "at 125k?"}, {"start": "00:29:10", "end": "00:29:14", "text": ">> Well, not only that, it seems it seems"}, {"start": "00:29:12", "end": "00:29:16", "text": "like those prior years also it was a"}, {"start": "00:29:14", "end": "00:29:18", "text": "much larger percentage gain to get to"}, {"start": "00:29:16", "end": "00:29:21", "text": "the upper band and now it's a smaller"}, {"start": "00:29:18", "end": "00:29:23", "text": "move to achieve the same result."}, {"start": "00:29:21", "end": "00:29:24", "text": ">> It feels people feel like people feel"}, {"start": "00:29:23", "end": "00:29:26", "text": "like it's bigger because they're seeing"}, {"start": "00:29:24", "end": "00:29:28", "text": "tens of thousands of dollars, but on a"}, {"start": "00:29:26", "end": "00:29:30", "text": "percentage basis it's it's a lot smaller"}, {"start": "00:29:28", "end": "00:29:33", "text": "of a move."}, {"start": "00:29:30", "end": "00:29:34", "text": "Yeah, it's only a 100% move, which like"}, {"start": "00:29:33", "end": "00:29:38", "text": "back here when they made this move,"}, {"start": "00:29:34", "end": "00:29:40", "text": "Bitcoin went from 3K to 14K within I"}, {"start": "00:29:38", "end": "00:29:45", "text": "think like three or four months. Back"}, {"start": "00:29:40", "end": "00:29:47", "text": "here, it went from 4K up to uh like 12K"}, {"start": "00:29:45", "end": "00:29:50", "text": "within three or four months."}, {"start": "00:29:47", "end": "00:29:52", "text": ">> Here it went from 15K to 32K within 3 to"}, {"start": "00:29:50", "end": "00:29:54", "text": "four months. So, it's not a huge move."}, {"start": "00:29:52", "end": "00:29:56", "text": "It's And a lot of this is just because"}, {"start": "00:29:54", "end": "00:29:58", "text": "this was a midcycle correction. This was"}, {"start": "00:29:56", "end": "00:30:00", "text": "equivalent to this one right here. So,"}, {"start": "00:29:58", "end": "00:30:02", "text": "it's not going to take a lot. And most"}, {"start": "00:30:00", "end": "00:30:04", "text": "people don't expect this. Like, most"}, {"start": "00:30:02", "end": "00:30:07", "text": "people think it's going to be late 2027,"}, {"start": "00:30:04", "end": "00:30:09", "text": "2028 that Bitcoin's going to break 125K."}, {"start": "00:30:07", "end": "00:30:11", "text": "Like, most people are expecting this for"}, {"start": "00:30:09", "end": "00:30:13", "text": "Bitcoin that it's going to sit here and"}, {"start": "00:30:11", "end": "00:30:16", "text": "consolidate for the next, I guess, one"}, {"start": "00:30:13", "end": "00:30:17", "text": "to two years and then break out. They're"}, {"start": "00:30:16", "end": "00:30:19", "text": "going to be proven wrong. I think it's"}, {"start": "00:30:17", "end": "00:30:20", "text": "going straight to all-time highs here"}, {"start": "00:30:19", "end": "00:30:22", "text": "very, very soon."}, {"start": "00:30:20", "end": "00:30:24", "text": "kind of insane to think that things are"}, {"start": "00:30:22", "end": "00:30:26", "text": "going to just sit still in the amount of"}, {"start": "00:30:24", "end": "00:30:29", "text": "liquidity and how fast even the stock"}, {"start": "00:30:26", "end": "00:30:33", "text": "market charts are moving right now. Like"}, {"start": "00:30:29", "end": "00:30:36", "text": "what mindset that's like copium to me"}, {"start": "00:30:33", "end": "00:30:38", "text": "that taking what we've just seen in AI"}, {"start": "00:30:36", "end": "00:30:40", "text": "and the downturn in crypto and then"}, {"start": "00:30:38", "end": "00:30:42", "text": "applying it's going to sit still for a"}, {"start": "00:30:40", "end": "00:30:44", "text": "year is insane to me to think about that"}, {"start": "00:30:42", "end": "00:30:46", "text": "that mindset exists out there. Well, you"}, {"start": "00:30:44", "end": "00:30:48", "text": "know, the other thing too is capital"}, {"start": "00:30:46", "end": "00:30:50", "text": "rotation. And if AI is performing"}, {"start": "00:30:48", "end": "00:30:52", "text": "massively, I would I would consider the"}, {"start": "00:30:50", "end": "00:30:55", "text": "type of people that are investing and"}, {"start": "00:30:52", "end": "00:30:56", "text": "making ear not bets now, but people that"}, {"start": "00:30:55", "end": "00:30:58", "text": "have been making early bets in AI over"}, {"start": "00:30:56", "end": "00:31:01", "text": "the last couple years and now they're"}, {"start": "00:30:58", "end": "00:31:04", "text": "already up, you know, 5x, 10x, 100x fold"}, {"start": "00:31:01", "end": "00:31:05", "text": "on different all kinds of different uh"}, {"start": "00:31:04", "end": "00:31:08", "text": "stocks that are out there in the AI"}, {"start": "00:31:05", "end": "00:31:10", "text": "sector. then those people are also"}, {"start": "00:31:08", "end": "00:31:12", "text": "that's the same cohort of people that"}, {"start": "00:31:10", "end": "00:31:14", "text": "are going to be aware at minimum of"}, {"start": "00:31:12", "end": "00:31:17", "text": "Bitcoin as an option and so when we see"}, {"start": "00:31:14", "end": "00:31:19", "text": "some capital rotation away from uh you"}, {"start": "00:31:17", "end": "00:31:21", "text": "know some profit taking some hedging all"}, {"start": "00:31:19", "end": "00:31:23", "text": "these sorts of things if AI runs further"}, {"start": "00:31:21", "end": "00:31:25", "text": "uh yeah gold will probably be some of"}, {"start": "00:31:23", "end": "00:31:28", "text": "the move but I think bitcoin bitcoin's"}, {"start": "00:31:25", "end": "00:31:30", "text": "kind of uh standing that ground in that"}, {"start": "00:31:28", "end": "00:31:32", "text": "digital gold aspect for people that are"}, {"start": "00:31:30", "end": "00:31:34", "text": "looking for larger growers that are also"}, {"start": "00:31:32", "end": "00:31:36", "text": "safe"}, {"start": "00:31:34", "end": "00:31:39", "text": ">> yeah and tokenization is the next big"}, {"start": "00:31:36", "end": "00:31:41", "text": "opportunity like after AI,"}, {"start": "00:31:39", "end": "00:31:43", "text": "how many chances and I think we said"}, {"start": "00:31:41", "end": "00:31:45", "text": "this in the last uh video. How many"}, {"start": "00:31:43", "end": "00:31:47", "text": "chances do you get to invest in the"}, {"start": "00:31:45", "end": "00:31:48", "text": "rebuilding of the entire financial"}, {"start": "00:31:47", "end": "00:31:50", "text": "system? When was the last time the"}, {"start": "00:31:48", "end": "00:31:52", "text": "entire fish financial system got"}, {"start": "00:31:50", "end": "00:31:55", "text": "rebuilt? Maybe in the 70s or 80s with"}, {"start": "00:31:52", "end": "00:31:56", "text": "credit and banks emerging more so that"}, {"start": "00:31:55", "end": "00:31:58", "text": "was really like the last opportunity. So"}, {"start": "00:31:56", "end": "00:32:00", "text": "this is and I would argue this is even"}, {"start": "00:31:58", "end": "00:32:04", "text": "larger. This is going to replace just"}, {"start": "00:32:00", "end": "00:32:06", "text": "the functions of everything. So"}, {"start": "00:32:04", "end": "00:32:08", "text": ">> it it might like this system might last"}, {"start": "00:32:06", "end": "00:32:10", "text": "another hundred years once when it's"}, {"start": "00:32:08", "end": "00:32:11", "text": "done. Like tokenization might be the"}, {"start": "00:32:10", "end": "00:32:12", "text": "system that's used"}, {"start": "00:32:11", "end": "00:32:16", "text": ">> when the tokenization move is happening"}, {"start": "00:32:12", "end": "00:32:19", "text": "fast like in tokenized stocks trading is"}, {"start": "00:32:16", "end": "00:32:21", "text": "and the revenue machines behind them."}, {"start": "00:32:19", "end": "00:32:22", "text": ">> Those are some of the more powerful"}, {"start": "00:32:21", "end": "00:32:24", "text": "things that I see out there. And I did"}, {"start": "00:32:22", "end": "00:32:27", "text": "see this uh coming out. It's kind of"}, {"start": "00:32:24", "end": "00:32:30", "text": "interesting. The number of weekly spot"}, {"start": "00:32:27", "end": "00:32:31", "text": "decentralized exchange trades on Salana"}, {"start": "00:32:30", "end": "00:32:34", "text": "has officially surpassed the New York"}, {"start": "00:32:31", "end": "00:32:36", "text": "Stock Exchange for the first time in"}, {"start": "00:32:34", "end": "00:32:39", "text": "history. Uh I'll kind of show this came"}, {"start": "00:32:36", "end": "00:32:41", "text": "out from the Kobes letter. This is"}, {"start": "00:32:39", "end": "00:32:43", "text": "insane. The gap between the NASDAQ and"}, {"start": "00:32:41", "end": "00:32:46", "text": "Salana narrowed to 47 million trades,"}, {"start": "00:32:43", "end": "00:32:48", "text": "the smallest gap on record. In the green"}, {"start": "00:32:46", "end": "00:32:50", "text": "is Salana on the number of spot"}, {"start": "00:32:48", "end": "00:32:54", "text": "decentralized exchange trades versus"}, {"start": "00:32:50", "end": "00:32:56", "text": "tradi exchanges and tokenization of"}, {"start": "00:32:54", "end": "00:32:58", "text": "assets is catching up quickly and it's"}, {"start": "00:32:56", "end": "00:33:00", "text": "shown through the amount of revenue and"}, {"start": "00:32:58", "end": "00:33:02", "text": "the action that's been happening like"}, {"start": "00:33:00", "end": "00:33:04", "text": "Hyperlid was the canary in the coal mine"}, {"start": "00:33:02", "end": "00:33:07", "text": "for this crypto's top revenue generating"}, {"start": "00:33:04", "end": "00:33:10", "text": "projects. Hyperl still sitting strong"}, {"start": "00:33:07", "end": "00:33:12", "text": "and actually very strong 429 million"}, {"start": "00:33:10", "end": "00:33:17", "text": "year-to- date revenue. pump funds right"}, {"start": "00:33:12", "end": "00:33:18", "text": "behind it. And so this whole realm um is"}, {"start": "00:33:17", "end": "00:33:21", "text": "something that I've paid very close"}, {"start": "00:33:18", "end": "00:33:23", "text": "attention to. And that's where like, you"}, {"start": "00:33:21", "end": "00:33:24", "text": "know, we're we're at the we're knocking"}, {"start": "00:33:23", "end": "00:33:26", "text": "on the door of something we've never"}, {"start": "00:33:24", "end": "00:33:29", "text": "seen before, which is putting the"}, {"start": "00:33:26", "end": "00:33:31", "text": "markets literally on chain, gathering"}, {"start": "00:33:29", "end": "00:33:33", "text": "the revenue from all of the trades that"}, {"start": "00:33:31", "end": "00:33:36", "text": "happen on the planet. And that's where"}, {"start": "00:33:33", "end": "00:33:40", "text": "that potential that we break diminished"}, {"start": "00:33:36", "end": "00:33:43", "text": "returns sits in my mind because we're at"}, {"start": "00:33:40", "end": "00:33:45", "text": "the point where the SEC and the CFTC are"}, {"start": "00:33:43", "end": "00:33:48", "text": "moving forward regardless without the"}, {"start": "00:33:45", "end": "00:33:51", "text": "Clarity Act, without any of this stuff"}, {"start": "00:33:48", "end": "00:33:52", "text": "happening from Congress. The US"}, {"start": "00:33:51", "end": "00:33:55", "text": "president just highlighted we're"}, {"start": "00:33:52", "end": "00:33:57", "text": "bringing hyperlquid to the US. We're the"}, {"start": "00:33:55", "end": "00:33:59", "text": "SEC chair says we're tokenizing the"}, {"start": "00:33:57", "end": "00:34:01", "text": "stock market and we're knocking on the"}, {"start": "00:33:59", "end": "00:34:03", "text": "door of something where I'm kind of"}, {"start": "00:34:01", "end": "00:34:06", "text": "scared to give price predictions on"}, {"start": "00:34:03", "end": "00:34:07", "text": "where some of these projects can go"}, {"start": "00:34:06", "end": "00:34:10", "text": "because we're going into the great"}, {"start": "00:34:07", "end": "00:34:13", "text": "unknown with this and it is a very"}, {"start": "00:34:10", "end": "00:34:17", "text": "difficult thing to understand how high"}, {"start": "00:34:13", "end": "00:34:20", "text": "this truly can reach, you know. So, that"}, {"start": "00:34:17", "end": "00:34:22", "text": "is something that uh kind of keeps me up"}, {"start": "00:34:20", "end": "00:34:25", "text": "at night a little bit. And the CME, it"}, {"start": "00:34:22", "end": "00:34:28", "text": "looks like CME is moving forward with uh"}, {"start": "00:34:25", "end": "00:34:32", "text": "two crazy projects, Bitcoin Cash and"}, {"start": "00:34:28", "end": "00:34:35", "text": "Uniswap. Both the BCH and Uniswap will"}, {"start": "00:34:32", "end": "00:34:38", "text": "receive standard and microsiz contracts"}, {"start": "00:34:35", "end": "00:34:39", "text": "for the CME uh futures to actually move"}, {"start": "00:34:38", "end": "00:34:42", "text": "on. Interesting."}, {"start": "00:34:39", "end": "00:34:45", "text": ">> Drew, Matthew, I don't know a single"}, {"start": "00:34:42", "end": "00:34:48", "text": "person that owns or cares one bit about"}, {"start": "00:34:45", "end": "00:34:51", "text": "Bitcoin Cash. Why is this still even in"}, {"start": "00:34:48", "end": "00:34:51", "text": "the narrative with some of these major"}, {"start": "00:34:51", "end": "00:34:53", "text": "players?"}, {"start": "00:34:51", "end": "00:34:55", "text": ">> I think we've just been around this"}, {"start": "00:34:53", "end": "00:34:58", "text": "stuff too long. We We've kept like"}, {"start": "00:34:55", "end": "00:35:00", "text": "Bitcoin Cash, right? Like I just look at"}, {"start": "00:34:58", "end": "00:35:04", "text": "it like I give it the Alabama test"}, {"start": "00:35:00", "end": "00:35:07", "text": "because I live near Alabama and a lot of"}, {"start": "00:35:04", "end": "00:35:09", "text": "people that are in the markets, they're"}, {"start": "00:35:07", "end": "00:35:13", "text": "talking to me about XRP, right? They"}, {"start": "00:35:09", "end": "00:35:17", "text": "want to know about XRP because they go"}, {"start": "00:35:13", "end": "00:35:18", "text": "on to Coin Market Cap. XRP's got unit"}, {"start": "00:35:17", "end": "00:35:20", "text": "bias."}, {"start": "00:35:18", "end": "00:35:21", "text": ">> Dude, dude, these pe these people are"}, {"start": "00:35:20", "end": "00:35:23", "text": "not going on to Coin Market Cap. All"}, {"start": "00:35:21", "end": "00:35:25", "text": "they're doing is seeing clips of Alex"}, {"start": "00:35:23", "end": "00:35:27", "text": "Jones and and other"}, {"start": "00:35:25", "end": "00:35:29", "text": ">> That's I No, I've met a couple. They"}, {"start": "00:35:27", "end": "00:35:30", "text": "they like, \"Well, I looked up how to"}, {"start": "00:35:29", "end": "00:35:32", "text": "find this stuff and it's Coin Market"}, {"start": "00:35:30", "end": "00:35:34", "text": "Cap.\" I I will say like I know a couple"}, {"start": "00:35:32", "end": "00:35:37", "text": "of them that are and I think that unit"}, {"start": "00:35:34", "end": "00:35:40", "text": "bias it plays into this because Bitcoin"}, {"start": "00:35:37", "end": "00:35:44", "text": "Cash is almost like a Bitcoin but it's"}, {"start": "00:35:40", "end": "00:35:47", "text": "only 300 bucks and Bitcoin SV only 20"}, {"start": "00:35:44", "end": "00:35:49", "text": "bucks and you know uh unis swap's kind"}, {"start": "00:35:47", "end": "00:35:50", "text": "of outside of the box. It's definitely a"}, {"start": "00:35:49", "end": "00:35:53", "text": "DeFi play. When you talk about DeFi in"}, {"start": "00:35:50", "end": "00:35:56", "text": "that realm, it's way over their heads."}, {"start": "00:35:53", "end": "00:35:59", "text": "But essentially, we might have been"}, {"start": "00:35:56", "end": "00:36:01", "text": "around this market for so long that we"}, {"start": "00:35:59", "end": "00:36:04", "text": "know there's things out there that are"}, {"start": "00:36:01", "end": "00:36:08", "text": "better than Bitcoin Cash, but the"}, {"start": "00:36:04", "end": "00:36:11", "text": "grander population is not even really"}, {"start": "00:36:08", "end": "00:36:13", "text": "involved with crypto. So, I think we're"}, {"start": "00:36:11", "end": "00:36:15", "text": "still ahead of the curve. I think we're"}, {"start": "00:36:13", "end": "00:36:16", "text": "still ahead of the curve. That's what I"}, {"start": "00:36:15", "end": "00:36:17", "text": "feel like might"}, {"start": "00:36:16", "end": "00:36:19", "text": ">> it's pro it's probably because if you"}, {"start": "00:36:17", "end": "00:36:21", "text": "they probably search like what are the"}, {"start": "00:36:19", "end": "00:36:23", "text": "top cryptos or something on Google and"}, {"start": "00:36:21", "end": "00:36:25", "text": "that's probably what pops up with it"}, {"start": "00:36:23", "end": "00:36:27", "text": "probably says cash"}, {"start": "00:36:25", "end": "00:36:28", "text": ">> absolutely"}, {"start": "00:36:27", "end": "00:36:31", "text": ">> yeah that's my gut feeling about it you"}, {"start": "00:36:28", "end": "00:36:33", "text": "know and really you know one of the more"}, {"start": "00:36:31", "end": "00:36:34", "text": "interesting stories you know because I"}, {"start": "00:36:33", "end": "00:36:36", "text": "know we've done a lot of charts but this"}, {"start": "00:36:34", "end": "00:36:39", "text": "is kind of an interesting story to me as"}, {"start": "00:36:36", "end": "00:36:42", "text": "well Binance is buying a hund00 million"}, {"start": "00:36:39", "end": "00:36:46", "text": "in circle shares as part of a five-year"}, {"start": "00:36:42", "end": "00:36:49", "text": "USDC promotion deal. They're receiving"}, {"start": "00:36:46", "end": "00:36:52", "text": "1.24 million class A shares at $80 a"}, {"start": "00:36:49", "end": "00:36:56", "text": "share each in private placement with a"}, {"start": "00:36:52", "end": "00:36:59", "text": "2year lock on the stake. So, a very very"}, {"start": "00:36:56", "end": "00:37:03", "text": "interesting move from the east into the"}, {"start": "00:36:59", "end": "00:37:06", "text": "west preferred stable coin. And"}, {"start": "00:37:03", "end": "00:37:07", "text": ">> this is something where it's like, you"}, {"start": "00:37:06", "end": "00:37:09", "text": "know, it's there's always been like this"}, {"start": "00:37:07", "end": "00:37:13", "text": "backend narrative of east versus west"}, {"start": "00:37:09", "end": "00:37:15", "text": "crypto, but Binance making that move, it"}, {"start": "00:37:13", "end": "00:37:17", "text": "does raise a slight alarm. Are we"}, {"start": "00:37:15", "end": "00:37:19", "text": "getting a Bitcoin pump alert? Uh, not"}, {"start": "00:37:17", "end": "00:37:21", "text": "really. We're still here sitting around"}, {"start": "00:37:19", "end": "00:37:25", "text": "86,300."}, {"start": "00:37:21", "end": "00:37:26", "text": "We are fighting that uh 87 K mark, but"}, {"start": "00:37:25", "end": "00:37:29", "text": "again, I'm not going to be surprised if"}, {"start": "00:37:26", "end": "00:37:32", "text": "we keep ripping up into this volume area"}, {"start": "00:37:29", "end": "00:37:34", "text": "Kelly had mentioned into the low 90s. I"}, {"start": "00:37:32", "end": "00:37:36", "text": "mean, we're not even in the green yet"}, {"start": "00:37:34", "end": "00:37:38", "text": "when it comes to money flow. We're not"}, {"start": "00:37:36", "end": "00:37:39", "text": "even in the green on the two week. I"}, {"start": "00:37:38", "end": "00:37:41", "text": "don't even think we're in the green on"}, {"start": "00:37:39", "end": "00:37:45", "text": "the one week yet. We're just curving to"}, {"start": "00:37:41", "end": "00:37:48", "text": "the upside and daily is showing great"}, {"start": "00:37:45", "end": "00:37:52", "text": "great velocity. So, you know, let's see"}, {"start": "00:37:48", "end": "00:37:57", "text": "here. Drew will tell you to buy"}, {"start": "00:37:52", "end": "00:37:59", "text": "uh to butt towel but hates XRP. I didn't"}, {"start": "00:37:57", "end": "00:38:01", "text": "mention this to you, Kelly. Uh"}, {"start": "00:37:59", "end": "00:38:03", "text": "apparently"}, {"start": "00:38:01", "end": "00:38:06", "text": "part of my financial future is now tied"}, {"start": "00:38:03", "end": "00:38:08", "text": "into XRP and I put out a video talking"}, {"start": "00:38:06", "end": "00:38:11", "text": "about where its price action could go"}, {"start": "00:38:08", "end": "00:38:14", "text": "last night. Base case, I think $3.50 is"}, {"start": "00:38:11", "end": "00:38:17", "text": "very attainable for XRP."}, {"start": "00:38:14", "end": "00:38:19", "text": "bullcase and XRP holds that number five"}, {"start": "00:38:17", "end": "00:38:20", "text": "position."}, {"start": "00:38:19", "end": "00:38:24", "text": "You could go to seven bucks. You could"}, {"start": "00:38:20", "end": "00:38:25", "text": "go to seven bucks. Um, you know, that's"}, {"start": "00:38:24", "end": "00:38:28", "text": "was kind of my price target and it"}, {"start": "00:38:25", "end": "00:38:32", "text": "wasn't high enough for people like $7"}, {"start": "00:38:28", "end": "00:38:34", "text": "XRP is a massive massive market cap. I"}, {"start": "00:38:32", "end": "00:38:37", "text": "don't know, man. Like I have my own"}, {"start": "00:38:34", "end": "00:38:38", "text": "levels like the take-profit strategy is"}, {"start": "00:38:37", "end": "00:38:42", "text": "the next thing that I'm working inside"}, {"start": "00:38:38", "end": "00:38:44", "text": "of school on. And you know, I think"}, {"start": "00:38:42", "end": "00:38:46", "text": "take-profit strategies are going to be"}, {"start": "00:38:44", "end": "00:38:48", "text": "different for everyone because, you"}, {"start": "00:38:46", "end": "00:38:51", "text": "know, some people are only buying very"}, {"start": "00:38:48", "end": "00:38:52", "text": "very small micro caps, what I call them,"}, {"start": "00:38:51", "end": "00:38:54", "text": "and others are just looking to turn, you"}, {"start": "00:38:52", "end": "00:38:57", "text": "know, a million into a million and a"}, {"start": "00:38:54", "end": "00:38:59", "text": "half over the next few years. So, it's a"}, {"start": "00:38:57", "end": "00:39:01", "text": "different shoe for a, you know, a"}, {"start": "00:38:59", "end": "00:39:02", "text": "different person across the board. How"}, {"start": "00:39:01", "end": "00:39:04", "text": "are you, what do you guys already have"}, {"start": "00:39:02", "end": "00:39:07", "text": "kind of your general game plan put"}, {"start": "00:39:04", "end": "00:39:08", "text": "together for what your take-profit plan"}, {"start": "00:39:07", "end": "00:39:10", "text": "is? Like, how are you going to be"}, {"start": "00:39:08", "end": "00:39:12", "text": "approaching that? Are you just going to"}, {"start": "00:39:10", "end": "00:39:14", "text": "be full clipping in 28 when you expect"}, {"start": "00:39:12", "end": "00:39:16", "text": "it to be topping?"}, {"start": "00:39:14", "end": "00:39:17", "text": ">> I I'll I'll be scaling out like"}, {"start": "00:39:16", "end": "00:39:18", "text": "personally."}, {"start": "00:39:17", "end": "00:39:20", "text": ">> Mhm."}, {"start": "00:39:18", "end": "00:39:22", "text": ">> I'll be scaling out and then whatever I"}, {"start": "00:39:20", "end": "00:39:23", "text": "take out, I probably won't put back in"}, {"start": "00:39:22", "end": "00:39:25", "text": "because I think that's like one of the"}, {"start": "00:39:23", "end": "00:39:27", "text": "things uh that people end up doing"}, {"start": "00:39:25", "end": "00:39:29", "text": "often. They take profits but then put it"}, {"start": "00:39:27", "end": "00:39:32", "text": "back in higher or something. So, I'll"}, {"start": "00:39:29", "end": "00:39:34", "text": "just look to scale out. I mean I'm like"}, {"start": "00:39:32", "end": "00:39:36", "text": "I'm I guess I'm positioned pretty good"}, {"start": "00:39:34", "end": "00:39:40", "text": "because I was if you're buying in June"}, {"start": "00:39:36", "end": "00:39:42", "text": "July um you basically bought the pico"}, {"start": "00:39:40", "end": "00:39:44", "text": "bottom of potentially it was like the"}, {"start": "00:39:42", "end": "00:39:45", "text": "equivalent in my in my opinion it was"}, {"start": "00:39:44", "end": "00:39:48", "text": "the equivalent or it's going to be the"}, {"start": "00:39:45", "end": "00:39:51", "text": "equivalent if you're buying then of"}, {"start": "00:39:48", "end": "00:39:53", "text": "buying in March of 2020. So yeah,"}, {"start": "00:39:51", "end": "00:39:55", "text": ">> there's people that are frustrated with"}, {"start": "00:39:53", "end": "00:39:57", "text": "the marketer right now,"}, {"start": "00:39:55", "end": "00:39:59", "text": ">> they they were sitting on the sidelines"}, {"start": "00:39:57", "end": "00:40:02", "text": "and for, you know, I know you, Drew, I"}, {"start": "00:39:59", "end": "00:40:04", "text": "know for sure you, Matthew, myself, uh,"}, {"start": "00:40:02", "end": "00:40:07", "text": "I started because I was nearly entirely"}, {"start": "00:40:04", "end": "00:40:09", "text": "out of the market going into June and"}, {"start": "00:40:07", "end": "00:40:10", "text": "then about middle of July, basically for"}, {"start": "00:40:09", "end": "00:40:12", "text": "a month, the middle of July through the"}, {"start": "00:40:10", "end": "00:40:14", "text": "middle of August, literally like to like"}, {"start": "00:40:12", "end": "00:40:17", "text": "August 15th, so two days, three days"}, {"start": "00:40:14", "end": "00:40:20", "text": "before the market really uh, started"}, {"start": "00:40:17", "end": "00:40:22", "text": "taking that swing. basically the bottom"}, {"start": "00:40:20", "end": "00:40:24", "text": "uh I was stacking in. And so anybody"}, {"start": "00:40:22", "end": "00:40:27", "text": "that was doing that,"}, {"start": "00:40:24", "end": "00:40:29", "text": "if you're not up at least 30 30% right"}, {"start": "00:40:27", "end": "00:40:32", "text": "now, you were buying the wrong things"}, {"start": "00:40:29", "end": "00:40:34", "text": "because I'm I'm up well over 30%. Uh you"}, {"start": "00:40:32", "end": "00:40:37", "text": "know, TJ also, I know he was stacking"}, {"start": "00:40:34", "end": "00:40:39", "text": "into Near, he was stacking into VVV,"}, {"start": "00:40:37", "end": "00:40:41", "text": "stacking into Uniswap. Yeah, he's Yeah."}, {"start": "00:40:39", "end": "00:40:43", "text": "And you as well. Yeah. Um but throw it"}, {"start": "00:40:41", "end": "00:40:43", "text": "to my chart real quick because"}, {"start": "00:40:43", "end": "00:40:45", "text": ">> Yeah, sure."}, {"start": "00:40:43", "end": "00:40:48", "text": ">> We got we got this kind of stuff going"}, {"start": "00:40:45", "end": "00:40:49", "text": "on as well. Going back to XRP, just for"}, {"start": "00:40:48", "end": "00:40:51", "text": "everybody that thinks that we hate XRP,"}, {"start": "00:40:49", "end": "00:40:53", "text": "the the charts are going to speak for"}, {"start": "00:40:51", "end": "00:40:55", "text": "themselves. And just on a basic level"}, {"start": "00:40:53", "end": "00:40:57", "text": "here, you got a bull flag. If you"}, {"start": "00:40:55", "end": "00:41:00", "text": "measure that out, that takes us right"}, {"start": "00:40:57", "end": "00:41:03", "text": "into this this $2 zone. And that's"}, {"start": "00:41:00", "end": "00:41:05", "text": "that's still in the part of the"}, {"start": "00:41:03", "end": "00:41:07", "text": "reversal. So, yeah, I mean, I agree. I"}, {"start": "00:41:05", "end": "00:41:09", "text": "think XRP, whether you like it or not,"}, {"start": "00:41:07", "end": "00:41:10", "text": "is going to perform well. It's going to"}, {"start": "00:41:09", "end": "00:41:13", "text": "I think it's going to go, you know, well"}, {"start": "00:41:10", "end": "00:41:14", "text": "beyond uh its previous all-time high. I"}, {"start": "00:41:13", "end": "00:41:17", "text": "think it's going to take a pretty big"}, {"start": "00:41:14", "end": "00:41:17", "text": "swing. Um, we got Bitcoin also is"}, {"start": "00:41:17", "end": "00:41:20", "text": "sitting."}, {"start": "00:41:17", "end": "00:41:23", "text": ">> I would say it's gonna go 10 to$20."}, {"start": "00:41:20", "end": "00:41:25", "text": ">> Yeah, we got I don't own it. I don't own"}, {"start": "00:41:23", "end": "00:41:29", "text": "it, but like I don't but to me it's like"}, {"start": "00:41:25", "end": "00:41:31", "text": "it's probably going to 10 to $20."}, {"start": "00:41:29", "end": "00:41:33", "text": ">> Look at that breakout. Perfect bull"}, {"start": "00:41:31", "end": "00:41:36", "text": "flag. Look at where right to that that"}, {"start": "00:41:33", "end": "00:41:39", "text": "previous line. So the charts are telling"}, {"start": "00:41:36", "end": "00:41:40", "text": "us that the momentum is is kind of"}, {"start": "00:41:39", "end": "00:41:43", "text": "taking that swing and these are"}, {"start": "00:41:40", "end": "00:41:45", "text": "following through. So, I mean, I think"}, {"start": "00:41:43", "end": "00:41:47", "text": "right now it's it's either buying and"}, {"start": "00:41:45", "end": "00:41:48", "text": "don't worry about a dip. If you're"}, {"start": "00:41:47", "end": "00:41:50", "text": "buying and it dips a little bit and you"}, {"start": "00:41:48", "end": "00:41:51", "text": "sell, you're screwing yourself for the"}, {"start": "00:41:50", "end": "00:41:54", "text": "future. If you buy right here because"}, {"start": "00:41:51", "end": "00:41:56", "text": "you're excited and even if it dips,"}, {"start": "00:41:54", "end": "00:41:58", "text": "either you hold or add more, I think"}, {"start": "00:41:56", "end": "00:41:59", "text": "you're going to do fine. The problem is"}, {"start": "00:41:58", "end": "00:42:01", "text": "people keep"}, {"start": "00:41:59", "end": "00:42:03", "text": ">> they miss a bottom and then they jump in"}, {"start": "00:42:01", "end": "00:42:05", "text": "on a candle and it drops so they sell"}, {"start": "00:42:03", "end": "00:42:07", "text": "and then it runs away without them or"}, {"start": "00:42:05", "end": "00:42:09", "text": "they end up buying higher. If you're"}, {"start": "00:42:07", "end": "00:42:12", "text": "going to make moves here, make moves"}, {"start": "00:42:09", "end": "00:42:14", "text": "that you are uh that you're hold that"}, {"start": "00:42:12", "end": "00:42:16", "text": "you're that you understand what your"}, {"start": "00:42:14", "end": "00:42:18", "text": "process is in them so you don't get so"}, {"start": "00:42:16", "end": "00:42:21", "text": "you don't have a process move that that"}, {"start": "00:42:18", "end": "00:42:23", "text": "gets completely circumvented by your"}, {"start": "00:42:21", "end": "00:42:26", "text": "emotional reaction."}, {"start": "00:42:23", "end": "00:42:27", "text": ">> Thankfully Kramer sold in August."}, {"start": "00:42:26", "end": "00:42:29", "text": "Absolutely brutal there."}, {"start": "00:42:27", "end": "00:42:31", "text": ">> He sold he sold the bottom. He literally"}, {"start": "00:42:29", "end": "00:42:33", "text": "or the day before it pumps."}, {"start": "00:42:31", "end": "00:42:34", "text": ">> Yeah. Absolutely legend, man."}, {"start": "00:42:33", "end": "00:42:36", "text": "Absolutely,"}, {"start": "00:42:34", "end": "00:42:38", "text": ">> dude. And look at this. I drew this two"}, {"start": "00:42:36", "end": "00:42:41", "text": "two or three months ago and we are right"}, {"start": "00:42:38", "end": "00:42:43", "text": "in this zone and this is really if we"}, {"start": "00:42:41", "end": "00:42:45", "text": "want to talk about that bare market that"}, {"start": "00:42:43", "end": "00:42:46", "text": "you know uh Ma Matthew was talking about"}, {"start": "00:42:45", "end": "00:42:49", "text": "and I've highlighted this for the last"}, {"start": "00:42:46", "end": "00:42:51", "text": "two and a half years the altcoin market"}, {"start": "00:42:49", "end": "00:42:54", "text": "just looking at the ETH to Bitcoin ratio"}, {"start": "00:42:51", "end": "00:42:57", "text": "has just been in a downtrend and this is"}, {"start": "00:42:54", "end": "00:42:59", "text": "really what we're looking for really to"}, {"start": "00:42:57", "end": "00:43:01", "text": "start it's already feeling great but to"}, {"start": "00:42:59", "end": "00:43:04", "text": "really start the move I think we need to"}, {"start": "00:43:01", "end": "00:43:06", "text": "break out of this zone right here have a"}, {"start": "00:43:04", "end": "00:43:08", "text": "chop and then once we actually clear out"}, {"start": "00:43:06", "end": "00:43:10", "text": "of this, this is when I think we really"}, {"start": "00:43:08", "end": "00:43:12", "text": "start to see some some some really big"}, {"start": "00:43:10", "end": "00:43:14", "text": "movements in the altcoin sector."}, {"start": "00:43:12", "end": "00:43:15", "text": ">> I could actually show you and I could"}, {"start": "00:43:14", "end": "00:43:16", "text": "actually show you something here."}, {"start": "00:43:15", "end": "00:43:18", "text": ">> Yeah, sure."}, {"start": "00:43:16", "end": "00:43:20", "text": ">> I'm sharing I have like a few things I"}, {"start": "00:43:18", "end": "00:43:21", "text": "just wanted to go over real fast, but"}, {"start": "00:43:20", "end": "00:43:23", "text": "this this is this is my site"}, {"start": "00:43:21", "end": "00:43:28", "text": "alverbtc.com."}, {"start": "00:43:23", "end": "00:43:30", "text": "But this is the top 113 coins in 2026."}, {"start": "00:43:28", "end": "00:43:32", "text": "58% are outperforming Bitcoin. All these"}, {"start": "00:43:30", "end": "00:43:34", "text": "coins in the upper band are"}, {"start": "00:43:32", "end": "00:43:37", "text": "outperforming Bitcoin in 2026. So this"}, {"start": "00:43:34", "end": "00:43:39", "text": "is not this is not 2014. This is not"}, {"start": "00:43:37", "end": "00:43:40", "text": "2018. This is not 2022. All these coins"}, {"start": "00:43:39", "end": "00:43:42", "text": "should have been underperforming"}, {"start": "00:43:40", "end": "00:43:45", "text": "Bitcoin. There are so many altcoins that"}, {"start": "00:43:42", "end": "00:43:48", "text": "are up against Bitcoin like massively"}, {"start": "00:43:45", "end": "00:43:51", "text": "too. You see it like up 30% year to date"}, {"start": "00:43:48", "end": "00:43:57", "text": "against Bitcoin. Monero up 38%. Render"}, {"start": "00:43:51", "end": "00:44:00", "text": "up 38% or 48. Zcash up 191. Um Chain"}, {"start": "00:43:57", "end": "00:44:01", "text": "Link up 9%. Pepe up 27. There's there's"}, {"start": "00:44:00", "end": "00:44:04", "text": "so many altcoins outperforming Bitcoin"}, {"start": "00:44:01", "end": "00:44:06", "text": "in 2026 right now. It is not the same."}, {"start": "00:44:04", "end": "00:44:08", "text": "And like if you go on X, everyone's"}, {"start": "00:44:06", "end": "00:44:09", "text": "saying the same thing. Oh, it'll be a"}, {"start": "00:44:08", "end": "00:44:12", "text": "few years before alts start to"}, {"start": "00:44:09", "end": "00:44:14", "text": "outperform. Like no, it's already"}, {"start": "00:44:12", "end": "00:44:16", "text": "starting. It's been starting. It has"}, {"start": "00:44:14", "end": "00:44:18", "text": "been starting for months now. It that's"}, {"start": "00:44:16", "end": "00:44:20", "text": "why I was posting what I was posting."}, {"start": "00:44:18", "end": "00:44:23", "text": "And if I share, if we go to the next"}, {"start": "00:44:20", "end": "00:44:25", "text": "chart, this chart, this is a chart I"}, {"start": "00:44:23", "end": "00:44:27", "text": "posted a few times. I posted back in"}, {"start": "00:44:25", "end": "00:44:28", "text": "June, July. This is pro, this might be"}, {"start": "00:44:27", "end": "00:44:32", "text": "the most important chart if you're in"}, {"start": "00:44:28", "end": "00:44:34", "text": "crypto for the next few years. This is"}, {"start": "00:44:32", "end": "00:44:36", "text": "all coins NASDAQ."}, {"start": "00:44:34", "end": "00:44:39", "text": "Okay, so this chart went to a bull a"}, {"start": "00:44:36", "end": "00:44:42", "text": "bull run from 2014 to 2017 up here at"}, {"start": "00:44:39", "end": "00:44:45", "text": "the top made bearish divergence after"}, {"start": "00:44:42", "end": "00:44:48", "text": "reaching oversold then went into a"}, {"start": "00:44:45", "end": "00:44:51", "text": "9-year long downtrend. This bounce here"}, {"start": "00:44:48", "end": "00:44:54", "text": "in 2021, the you know altcoin bull"}, {"start": "00:44:51", "end": "00:44:56", "text": "market of 2021 was a dead cap bounce in"}, {"start": "00:44:54", "end": "00:45:00", "text": "a raging stock market. Now finally here"}, {"start": "00:44:56", "end": "00:45:02", "text": "in 2026 it has reached oversold and is"}, {"start": "00:45:00", "end": "00:45:04", "text": "making bullish divergence after hitting"}, {"start": "00:45:02", "end": "00:45:07", "text": "this major support along with uh the"}, {"start": "00:45:04", "end": "00:45:09", "text": "MACD crossing upward as well in my"}, {"start": "00:45:07", "end": "00:45:11", "text": "opinion right and because this RSI if"}, {"start": "00:45:09", "end": "00:45:13", "text": "you look at the RSI right now it is much"}, {"start": "00:45:11", "end": "00:45:15", "text": "lower than down here the last time it"}, {"start": "00:45:13", "end": "00:45:17", "text": "made a monthly bullish divergence that"}, {"start": "00:45:15", "end": "00:45:20", "text": "kicked off this run. It has a longer"}, {"start": "00:45:17", "end": "00:45:21", "text": "ways to go to reach oversold. So what"}, {"start": "00:45:20", "end": "00:45:23", "text": "this means is you're looking at"}, {"start": "00:45:21", "end": "00:45:25", "text": "potentially the largest crypto bull run"}, {"start": "00:45:23", "end": "00:45:27", "text": "of all time. That's what it's basically"}, {"start": "00:45:25", "end": "00:45:30", "text": "telling you. And this run right here, if"}, {"start": "00:45:27", "end": "00:45:33", "text": "it goes from here, like right here to up"}, {"start": "00:45:30", "end": "00:45:36", "text": "here, it is much larger than 2021. It is"}, {"start": "00:45:33", "end": "00:45:38", "text": "sizably larger. And not this is not like"}, {"start": "00:45:36", "end": "00:45:40", "text": "this isn't me spewing. This is literally"}, {"start": "00:45:38", "end": "00:45:41", "text": "the chart. This is what it's saying."}, {"start": "00:45:40", "end": "00:45:43", "text": "I've been saying this for months. This"}, {"start": "00:45:41", "end": "00:45:44", "text": "is"}, {"start": "00:45:43", "end": "00:45:46", "text": ">> you know this it's telling you it's"}, {"start": "00:45:44", "end": "00:45:48", "text": "telling you what's coming. And I think"}, {"start": "00:45:46", "end": "00:45:50", "text": "it makes sense with tokenization and the"}, {"start": "00:45:48", "end": "00:45:52", "text": "amount of capital that can now enter the"}, {"start": "00:45:50", "end": "00:45:54", "text": "market. Back here this was all retail"}, {"start": "00:45:52", "end": "00:45:56", "text": "driven. back here. This is also all"}, {"start": "00:45:54", "end": "00:46:00", "text": "retail driven. The amount of capital"}, {"start": "00:45:56", "end": "00:46:02", "text": "that can flow in is incredible. And a"}, {"start": "00:46:00", "end": "00:46:06", "text": "rising tide will raise all boats. That's"}, {"start": "00:46:02", "end": "00:46:08", "text": "why you're seeing, if you go back to um"}, {"start": "00:46:06", "end": "00:46:10", "text": "over here, you're seeing"}, {"start": "00:46:08", "end": "00:46:11", "text": ">> But you got to be in a boat to rise with"}, {"start": "00:46:10", "end": "00:46:14", "text": "that tide, everybody. Which means you"}, {"start": "00:46:11", "end": "00:46:18", "text": "got to pick some assets."}, {"start": "00:46:14", "end": "00:46:19", "text": ">> Yeah, you have to. And in my opinion,"}, {"start": "00:46:18", "end": "00:46:21", "text": "pretty much all the altcoins are going"}, {"start": "00:46:19", "end": "00:46:23", "text": "to outperform Bitcoin over the coming"}, {"start": "00:46:21", "end": "00:46:25", "text": "years. It's already started. It's"}, {"start": "00:46:23", "end": "00:46:26", "text": "already starting here in 2026. The"}, {"start": "00:46:25", "end": "00:46:28", "text": "majority, right? Look, the majority of"}, {"start": "00:46:26", "end": "00:46:30", "text": "the top altcoins, top 100 altcoins"}, {"start": "00:46:28", "end": "00:46:32", "text": "outperforming Bitcoin."}, {"start": "00:46:30", "end": "00:46:35", "text": ">> I expect it to be like 90%"}, {"start": "00:46:32", "end": "00:46:37", "text": "um within, you know, at some point"}, {"start": "00:46:35", "end": "00:46:41", "text": "probably in 2027. And"}, {"start": "00:46:37", "end": "00:46:45", "text": ">> well, I will say this, ETH is kind of"}, {"start": "00:46:41", "end": "00:46:47", "text": "the king of alts. And what we've seen is"}, {"start": "00:46:45", "end": "00:46:49", "text": "ETH to Bitcoin. like I want to kind of"}, {"start": "00:46:47", "end": "00:46:52", "text": "stay on what you're talking about here"}, {"start": "00:46:49", "end": "00:46:54", "text": "because ETH has got a big big battle on"}, {"start": "00:46:52", "end": "00:46:57", "text": "its hands and we are just coming upon"}, {"start": "00:46:54", "end": "00:47:00", "text": "that moment right now. So the vast"}, {"start": "00:46:57", "end": "00:47:03", "text": "majority of the volume on this ETH to"}, {"start": "00:47:00", "end": "00:47:07", "text": "Bitcoin pair and the point of control is"}, {"start": "00:47:03", "end": "00:47:09", "text": "essentially where we sit right now. So,"}, {"start": "00:47:07", "end": "00:47:13", "text": "the main metric that I used to hammer"}, {"start": "00:47:09", "end": "00:47:15", "text": "the alts back in July and June was"}, {"start": "00:47:13", "end": "00:47:16", "text": "noticing the money flow on the weekly"}, {"start": "00:47:15", "end": "00:47:17", "text": "time frame was swooping up real hard."}, {"start": "00:47:16", "end": "00:47:19", "text": "And so, I was like, \"All right, finally"}, {"start": "00:47:17", "end": "00:47:22", "text": "we get a party again.\" Because it's been"}, {"start": "00:47:19", "end": "00:47:25", "text": "like 1,300 days in pain on this ETH to"}, {"start": "00:47:22", "end": "00:47:26", "text": "Bitcoin pairing. And it defended itself"}, {"start": "00:47:25", "end": "00:47:29", "text": "pretty nicely under this point of"}, {"start": "00:47:26", "end": "00:47:33", "text": "control. But now we, you know, over the"}, {"start": "00:47:29", "end": "00:47:35", "text": "past few weeks or rather months, we've"}, {"start": "00:47:33", "end": "00:47:38", "text": "been ascending in this kind of parallel"}, {"start": "00:47:35", "end": "00:47:41", "text": "channel. And now that we're running into"}, {"start": "00:47:38", "end": "00:47:43", "text": "that volume node, we are slightly below"}, {"start": "00:47:41", "end": "00:47:46", "text": "that parallel channel that we bounce"}, {"start": "00:47:43", "end": "00:47:49", "text": "been bouncing basically back and forth"}, {"start": "00:47:46", "end": "00:47:52", "text": "between. We're coming up on that $3,000"}, {"start": "00:47:49", "end": "00:47:54", "text": "ETH mark. And that's why it's in my"}, {"start": "00:47:52", "end": "00:47:56", "text": "mindset to, you know, because a lot of"}, {"start": "00:47:54", "end": "00:47:58", "text": "people are like, \"Ah, this guy's always"}, {"start": "00:47:56", "end": "00:48:01", "text": "hated XRP.\" and yada yada yada. No, I"}, {"start": "00:47:58", "end": "00:48:04", "text": "bought XRP at 17 cents, made insane"}, {"start": "00:48:01", "end": "00:48:07", "text": "money off of XRP way long ago. I look"}, {"start": "00:48:04", "end": "00:48:09", "text": "for faster horses in the race."}, {"start": "00:48:07", "end": "00:48:10", "text": "XRP and these alts, they can make a lot"}, {"start": "00:48:09", "end": "00:48:13", "text": "of money, but timing how you get in and"}, {"start": "00:48:10", "end": "00:48:17", "text": "out of them is very, very important"}, {"start": "00:48:13", "end": "00:48:19", "text": "because the people that hate altcoins"}, {"start": "00:48:17", "end": "00:48:21", "text": "the most basically either they left them"}, {"start": "00:48:19", "end": "00:48:24", "text": "alone forever or they never sold from"}, {"start": "00:48:21", "end": "00:48:24", "text": "the 2021 bull market because these"}, {"start": "00:48:24", "end": "00:48:26", "text": "things"}, {"start": "00:48:24", "end": "00:48:28", "text": ">> and Drew and Drew to be fair like when"}, {"start": "00:48:26", "end": "00:48:29", "text": "people think that we don't like XRP, I"}, {"start": "00:48:28", "end": "00:48:32", "text": "think what I think they're completely"}, {"start": "00:48:29", "end": "00:48:34", "text": "misunderstanding the push back we give."}, {"start": "00:48:32", "end": "00:48:36", "text": "The push back we give isn't on XRP"}, {"start": "00:48:34", "end": "00:48:39", "text": "itself. It's on community members that"}, {"start": "00:48:36", "end": "00:48:42", "text": "think that you're going to get a $300,"}, {"start": "00:48:39", "end": "00:48:44", "text": "$500 XRP that it's just that's just it's"}, {"start": "00:48:42", "end": "00:48:46", "text": "a ridiculous uh expectation to have"}, {"start": "00:48:44", "end": "00:48:48", "text": "something go to a hundred trillion"}, {"start": "00:48:46", "end": "00:48:51", "text": "dollar market cap uh in the you know"}, {"start": "00:48:48", "end": "00:48:53", "text": "with what's with with so many different"}, {"start": "00:48:51", "end": "00:48:54", "text": "options that are out there. I think XRP"}, {"start": "00:48:53", "end": "00:48:56", "text": "is going to perform great. I think it's"}, {"start": "00:48:54", "end": "00:48:57", "text": "going to do great. Do I think it's the"}, {"start": "00:48:56", "end": "00:48:59", "text": "end all beall in the next Bitcoin and"}, {"start": "00:48:57", "end": "00:49:01", "text": "it's going to replace the financial"}, {"start": "00:48:59", "end": "00:49:04", "text": "payment rails of every single thing? No."}, {"start": "00:49:01", "end": "00:49:06", "text": "because there's uh USDT, there's uh"}, {"start": "00:49:04", "end": "00:49:08", "text": "Circle, there's XLM, there there's so"}, {"start": "00:49:06", "end": "00:49:10", "text": "many different options that are out"}, {"start": "00:49:08", "end": "00:49:12", "text": "there. I think XRP is going to do well,"}, {"start": "00:49:10", "end": "00:49:15", "text": "but I just don't think it's like the"}, {"start": "00:49:12", "end": "00:49:17", "text": "absolute XRP moonboys expect it to be."}, {"start": "00:49:15", "end": "00:49:19", "text": "So, I think that's the push back we give"}, {"start": "00:49:17", "end": "00:49:21", "text": "that people don't like."}, {"start": "00:49:19", "end": "00:49:23", "text": ">> Yeah. Because when things start moving"}, {"start": "00:49:21", "end": "00:49:27", "text": "and when we start to re-enter a bull"}, {"start": "00:49:23", "end": "00:49:30", "text": "market, even projects that don't really"}, {"start": "00:49:27", "end": "00:49:33", "text": "have any hardcore, you know, follow"}, {"start": "00:49:30", "end": "00:49:34", "text": "through on their use case rise very"}, {"start": "00:49:33", "end": "00:49:36", "text": "aggressively and you can be in position"}, {"start": "00:49:34", "end": "00:49:38", "text": "as long as there's liquidity to sell"}, {"start": "00:49:36", "end": "00:49:40", "text": "into. Yeah, you can make some money off"}, {"start": "00:49:38", "end": "00:49:42", "text": "of them. Uh but the timing of the"}, {"start": "00:49:40", "end": "00:49:45", "text": "altcoin sector is something that cuts up"}, {"start": "00:49:42", "end": "00:49:48", "text": "people more often than not."}, {"start": "00:49:45", "end": "00:49:51", "text": "uh Highland's uh post about how long"}, {"start": "00:49:48", "end": "00:49:52", "text": "these altcoins have been in pain is"}, {"start": "00:49:51", "end": "00:49:53", "text": "something that we just really because I"}, {"start": "00:49:52", "end": "00:49:56", "text": "really like how you're giving a"}, {"start": "00:49:53", "end": "00:49:59", "text": "comparison to you know the Russell and"}, {"start": "00:49:56", "end": "00:50:00", "text": "Bitcoin and the whole scheme of"}, {"start": "00:49:59", "end": "00:50:02", "text": "everything that all coins have been"}, {"start": "00:50:00", "end": "00:50:05", "text": "fighting against"}, {"start": "00:50:02", "end": "00:50:06", "text": ">> it to carry back to the ETH BTC pair"}, {"start": "00:50:05", "end": "00:50:08", "text": "what you'll see is this was posted back"}, {"start": "00:50:06", "end": "00:50:10", "text": "in July"}, {"start": "00:50:08", "end": "00:50:13", "text": ">> but if you look when copper gold had"}, {"start": "00:50:10", "end": "00:50:16", "text": "that initial move which it just did well"}, {"start": "00:50:13", "end": "00:50:18", "text": "or it did back in July Okay, ETHBTC"}, {"start": "00:50:16", "end": "00:50:20", "text": "right here is in the exact same spot. It"}, {"start": "00:50:18", "end": "00:50:23", "text": "had the initial move up and then pulled"}, {"start": "00:50:20", "end": "00:50:25", "text": "back. And ETHBTC in my opinion on on the"}, {"start": "00:50:23", "end": "00:50:27", "text": "chart that you just showed actually just"}, {"start": "00:50:25", "end": "00:50:29", "text": "made a higher high."}, {"start": "00:50:27", "end": "00:50:31", "text": ">> But it's all position. And that's also"}, {"start": "00:50:29", "end": "00:50:34", "text": "like if you look up here, even Bitcoin"}, {"start": "00:50:31", "end": "00:50:36", "text": "up top here, this was back in July,"}, {"start": "00:50:34", "end": "00:50:39", "text": "right? So it's now a little bit higher,"}, {"start": "00:50:36", "end": "00:50:41", "text": "but it was sitting below the 2021 highs."}, {"start": "00:50:39", "end": "00:50:43", "text": "The same way back here it was sitting"}, {"start": "00:50:41", "end": "00:50:45", "text": "below the 2017 highs. Once when you"}, {"start": "00:50:43", "end": "00:50:47", "text": "accept that the last four years were the"}, {"start": "00:50:45", "end": "00:50:49", "text": "macroisk bare market which I I showed"}, {"start": "00:50:47", "end": "00:50:51", "text": "earlier and you can see on these charts"}, {"start": "00:50:49", "end": "00:50:54", "text": "right it explains why bitcoin is sitting"}, {"start": "00:50:51", "end": "00:50:58", "text": "where it was and again this is all"}, {"start": "00:50:54", "end": "00:50:59", "text": "pointing toward the largest or a raging"}, {"start": "00:50:58", "end": "00:51:01", "text": "bull market really that's what it's"}, {"start": "00:50:59", "end": "00:51:02", "text": "going to be it all points to that and"}, {"start": "00:51:01", "end": "00:51:05", "text": "everyone is against it that's the"}, {"start": "00:51:02", "end": "00:51:08", "text": "interesting thing like everyone is"}, {"start": "00:51:05", "end": "00:51:10", "text": "sidelined or doesn't even you know"}, {"start": "00:51:08", "end": "00:51:13", "text": "they're not even following uh crypto at"}, {"start": "00:51:10", "end": "00:51:15", "text": "this point and That's that's like"}, {"start": "00:51:13", "end": "00:51:17", "text": "another thing I posted on X the other"}, {"start": "00:51:15", "end": "00:51:19", "text": "day. Yesterday I said, \"Yeah, because I"}, {"start": "00:51:17", "end": "00:51:21", "text": "I see people saying, well, everyone on X"}, {"start": "00:51:19", "end": "00:51:25", "text": "is now bullish.\" Who the 1% that are"}, {"start": "00:51:21", "end": "00:51:27", "text": "still left at the the other 99% are on"}, {"start": "00:51:25", "end": "00:51:30", "text": "the outside not even looking in yet."}, {"start": "00:51:27", "end": "00:51:32", "text": "They're not even aware yet that crypto's"}, {"start": "00:51:30", "end": "00:51:35", "text": "starting to turn here. So, yeah, there"}, {"start": "00:51:32", "end": "00:51:37", "text": "are people that are bullish, but 99% of"}, {"start": "00:51:35", "end": "00:51:39", "text": "people quit. They all left. They don't"}, {"start": "00:51:37", "end": "00:51:42", "text": "care about crypto. The social metrics"}, {"start": "00:51:39", "end": "00:51:44", "text": "went back to 2019 levels. Yeah."}, {"start": "00:51:42", "end": "00:51:47", "text": ">> And and you know to your to your copper"}, {"start": "00:51:44", "end": "00:51:49", "text": "point as well, Michael Bur who's one of"}, {"start": "00:51:47", "end": "00:51:51", "text": "those tries to look at data to find"}, {"start": "00:51:49", "end": "00:51:53", "text": "early entries on big macro market"}, {"start": "00:51:51", "end": "00:51:56", "text": "swings. He's been uh I just saw a report"}, {"start": "00:51:53", "end": "00:51:58", "text": "earlier today. He's he's been layering"}, {"start": "00:51:56", "end": "00:52:00", "text": "into copper as well. So that that you"}, {"start": "00:51:58", "end": "00:52:03", "text": "know that that also rides the whole"}, {"start": "00:52:00", "end": "00:52:06", "text": "narrative around AI and data centers and"}, {"start": "00:52:03", "end": "00:52:08", "text": "all this uh development that's happening"}, {"start": "00:52:06", "end": "00:52:10", "text": "across across the world. copper is a"}, {"start": "00:52:08", "end": "00:52:13", "text": "pretty big major player in that in terms"}, {"start": "00:52:10", "end": "00:52:16", "text": "of electricity and and compute and uh"}, {"start": "00:52:13", "end": "00:52:18", "text": "wiring and electricity and all of these"}, {"start": "00:52:16", "end": "00:52:19", "text": "developments. So, it's it stands to"}, {"start": "00:52:18", "end": "00:52:21", "text": "reason there's there's a lot of big"}, {"start": "00:52:19", "end": "00:52:24", "text": "things that are going to be uh pushing"}, {"start": "00:52:21", "end": "00:52:26", "text": "this market in a very frothy direction"}, {"start": "00:52:24", "end": "00:52:28", "text": "over the next two or three years, which"}, {"start": "00:52:26", "end": "00:52:31", "text": "is I I couldn't be more excited. I'm"}, {"start": "00:52:28", "end": "00:52:32", "text": "more excited now than I was in 2017."}, {"start": "00:52:31", "end": "00:52:34", "text": ">> It's going to shock everyone. Everyone's"}, {"start": "00:52:32", "end": "00:52:37", "text": "gonna be stunned. everyone in a year"}, {"start": "00:52:34", "end": "00:52:38", "text": "from now. I think in 2027, that's when"}, {"start": "00:52:37", "end": "00:52:41", "text": "people are going to wake up and realize"}, {"start": "00:52:38", "end": "00:52:42", "text": "that crypto is not dead and they're"}, {"start": "00:52:41", "end": "00:52:44", "text": "gonna be completely shocked."}, {"start": "00:52:42", "end": "00:52:46", "text": ">> Yeah, I I was talking to TJ about it on"}, {"start": "00:52:44", "end": "00:52:49", "text": "the show either yesterday or last Friday"}, {"start": "00:52:46", "end": "00:52:51", "text": "where we're likely to go into 2027 and a"}, {"start": "00:52:49", "end": "00:52:53", "text": "lot of these alts will be testing their"}, {"start": "00:52:51", "end": "00:52:56", "text": "all-time highs."}, {"start": "00:52:53", "end": "00:52:59", "text": ">> And that's going to be the fuel that is"}, {"start": "00:52:56", "end": "00:53:02", "text": "poured onto the fire that pushes those"}, {"start": "00:52:59", "end": "00:53:04", "text": "things into undiscovered territory. And"}, {"start": "00:53:02", "end": "00:53:08", "text": "all bets are off like when it comes to"}, {"start": "00:53:04", "end": "00:53:10", "text": "price discovery and moving towards"}, {"start": "00:53:08", "end": "00:53:12", "text": "actual tokenization and that real"}, {"start": "00:53:10", "end": "00:53:15", "text": "revenue reality and the narrative"}, {"start": "00:53:12", "end": "00:53:17", "text": "combined where the retail is on the"}, {"start": "00:53:15", "end": "00:53:20", "text": "outside looking in and even investor I"}, {"start": "00:53:17", "end": "00:53:23", "text": "mean ETFs are you know hammering back in"}, {"start": "00:53:20", "end": "00:53:26", "text": "not not retail but even retail you know"}, {"start": "00:53:23", "end": "00:53:28", "text": "we're seeing that beginning of"}, {"start": "00:53:26", "end": "00:53:31", "text": "internally in the crypto kind of"}, {"start": "00:53:28", "end": "00:53:33", "text": "hardcore crypto users that we are ready"}, {"start": "00:53:31", "end": "00:53:35", "text": "for the bull bull market of a lifetime,"}, {"start": "00:53:33", "end": "00:53:37", "text": "but it won't be realized by the average"}, {"start": "00:53:35", "end": "00:53:40", "text": "person until next year. And that's that"}, {"start": "00:53:37", "end": "00:53:41", "text": "gasoline for the big kaboom that we"}, {"start": "00:53:40", "end": "00:53:44", "text": "need. Um,"}, {"start": "00:53:41", "end": "00:53:46", "text": ">> yeah, most most will watch it from the"}, {"start": "00:53:44", "end": "00:53:49", "text": "sidelines and by the time they rejoin,"}, {"start": "00:53:46", "end": "00:53:52", "text": ">> it'll be probably too late. But think"}, {"start": "00:53:49", "end": "00:53:54", "text": "about this, too. If 99% of people left"}, {"start": "00:53:52", "end": "00:53:56", "text": "and there's only 1% left, guess who's"}, {"start": "00:53:54", "end": "00:53:57", "text": "holding all the supply right now of all"}, {"start": "00:53:56", "end": "00:53:59", "text": "the coins?"}, {"start": "00:53:57", "end": "00:54:02", "text": ">> The 1% that are still here. So, the 1%"}, {"start": "00:53:59", "end": "00:54:03", "text": "that are still around have full full uh"}, {"start": "00:54:02", "end": "00:54:06", "text": "control of all the supply because"}, {"start": "00:54:03", "end": "00:54:08", "text": "they're the ones holding it. Guess what?"}, {"start": "00:54:06", "end": "00:54:10", "text": "Like the people that are still around"}, {"start": "00:54:08", "end": "00:54:12", "text": "are not selling it for a short small"}, {"start": "00:54:10", "end": "00:54:14", "text": "gain."}, {"start": "00:54:12", "end": "00:54:16", "text": "A lot of people are going to wait until"}, {"start": "00:54:14", "end": "00:54:17", "text": "after all-time highs are reached. Hence"}, {"start": "00:54:16", "end": "00:54:19", "text": "why"}, {"start": "00:54:17", "end": "00:54:21", "text": ">> we've seen how silly things can get. You"}, {"start": "00:54:19", "end": "00:54:23", "text": "know, when you've been around for a"}, {"start": "00:54:21", "end": "00:54:25", "text": "while, you understand that"}, {"start": "00:54:23", "end": "00:54:27", "text": ">> even if you're because you remember the"}, {"start": "00:54:25", "end": "00:54:27", "text": "feelings that we had in 2020, right?"}, {"start": "00:54:27", "end": "00:54:30", "text": "Where"}, {"start": "00:54:27", "end": "00:54:32", "text": ">> Yeah. We saw that front end alt season"}, {"start": "00:54:30", "end": "00:54:36", "text": "starting to kick over and we saw"}, {"start": "00:54:32", "end": "00:54:38", "text": "Bitcoin, you know, coming back to 17K."}, {"start": "00:54:36", "end": "00:54:41", "text": "We knew how silly things could get. We"}, {"start": "00:54:38", "end": "00:54:43", "text": "held into the guts of that real bull"}, {"start": "00:54:41", "end": "00:54:44", "text": "market. Uh that's kind of scary though."}, {"start": "00:54:43", "end": "00:54:46", "text": ">> Look at this."}, {"start": "00:54:44", "end": "00:54:50", "text": ">> But dude, on on top of that, we have a"}, {"start": "00:54:46", "end": "00:54:52", "text": "dynamically different market awareness"}, {"start": "00:54:50", "end": "00:54:54", "text": "and familiarity with digital products"}, {"start": "00:54:52", "end": "00:54:56", "text": "now, right? And part of that is sports"}, {"start": "00:54:54", "end": "00:54:58", "text": "betting. And so millennials, there's a"}, {"start": "00:54:56", "end": "00:55:00", "text": "big report that came out about a month"}, {"start": "00:54:58", "end": "00:55:02", "text": "ago about how much sports betting"}, {"start": "00:55:00", "end": "00:55:04", "text": "millennials are doing, which is like Khi"}, {"start": "00:55:02", "end": "00:55:07", "text": "and Poly Market and DraftKings and"}, {"start": "00:55:04", "end": "00:55:09", "text": "Caesars and all these different things."}, {"start": "00:55:07", "end": "00:55:12", "text": "And so we've got this massive cohort of"}, {"start": "00:55:09", "end": "00:55:15", "text": "people that are uh maybe they're not"}, {"start": "00:55:12", "end": "00:55:18", "text": "like gung-ho crypto right now in this"}, {"start": "00:55:15", "end": "00:55:21", "text": "moment, but there's a massive"}, {"start": "00:55:18", "end": "00:55:23", "text": "familiarity with digital markets that"}, {"start": "00:55:21", "end": "00:55:25", "text": "has brewed in the last 5 years that was"}, {"start": "00:55:23", "end": "00:55:28", "text": "not around in 2020, that was not around"}, {"start": "00:55:25", "end": "00:55:30", "text": "in 2017. And so when you do start seeing"}, {"start": "00:55:28", "end": "00:55:31", "text": "these markets go to the upside, I I do"}, {"start": "00:55:30", "end": "00:55:34", "text": "think that there's going to be a massive"}, {"start": "00:55:31", "end": "00:55:37", "text": "amount of liquidity of people that are a"}, {"start": "00:55:34", "end": "00:55:40", "text": "lot more readily able to take advantage"}, {"start": "00:55:37", "end": "00:55:41", "text": "and and move in. And unfortunately,"}, {"start": "00:55:40", "end": "00:55:43", "text": "they're going to be top buyers because"}, {"start": "00:55:41", "end": "00:55:45", "text": "people retail doesn't buy until after"}, {"start": "00:55:43", "end": "00:55:47", "text": "you hit an all-time high. And then they"}, {"start": "00:55:45", "end": "00:55:49", "text": "talk about how S&P 6900 is going to"}, {"start": "00:55:47", "end": "00:55:52", "text": "change their life, but they're buying"}, {"start": "00:55:49", "end": "00:55:54", "text": "when it's 32x up from where it is now."}, {"start": "00:55:52", "end": "00:55:56", "text": "and they they either are exit liquidity"}, {"start": "00:55:54", "end": "00:55:58", "text": "or they take a very small gain before"}, {"start": "00:55:56", "end": "00:56:00", "text": "they get out. So, I I think there's a"}, {"start": "00:55:58", "end": "00:56:02", "text": "massive capital rotation and a lot more"}, {"start": "00:56:00", "end": "00:56:04", "text": "familiarity in these markets that's"}, {"start": "00:56:02", "end": "00:56:06", "text": "going to really dynamically change how"}, {"start": "00:56:04", "end": "00:56:07", "text": "we see this market play out over the"}, {"start": "00:56:06", "end": "00:56:09", "text": "next three years. I I mean, again, I"}, {"start": "00:56:07", "end": "00:56:11", "text": "couldn't be more excited."}, {"start": "00:56:09", "end": "00:56:13", "text": ">> All of the on-ramps are all there now."}, {"start": "00:56:11", "end": "00:56:16", "text": "You're going to be able to buy crypto on"}, {"start": "00:56:13", "end": "00:56:19", "text": "X now. I saw recently all the banks or"}, {"start": "00:56:16", "end": "00:56:22", "text": "smaller banks and credit unions have now"}, {"start": "00:56:19", "end": "00:56:24", "text": "agreed with with Coinbase to list coins"}, {"start": "00:56:22", "end": "00:56:27", "text": "within banking apps and credit union"}, {"start": "00:56:24", "end": "00:56:28", "text": "apps. You don't So if you have a bank"}, {"start": "00:56:27", "end": "00:56:30", "text": "account or a credit union, you don't"}, {"start": "00:56:28", "end": "00:56:31", "text": "even have to go to Coinbase anymore."}, {"start": "00:56:30", "end": "00:56:33", "text": "It's going to be directly integrated."}, {"start": "00:56:31", "end": "00:56:33", "text": "They announced that a few days ago. If"}, {"start": "00:56:33", "end": "00:56:36", "text": "you have"}, {"start": "00:56:33", "end": "00:56:38", "text": ">> Oh, yeah. But you got Vinmo now. You got"}, {"start": "00:56:36", "end": "00:56:41", "text": "Vimmo, you got Cash App, you can trade"}, {"start": "00:56:38", "end": "00:56:44", "text": "on the timeline on X, Coinbase, Robin"}, {"start": "00:56:41", "end": "00:56:48", "text": "Hood, uh ma all major banks that are out"}, {"start": "00:56:44", "end": "00:56:51", "text": "there. It's there's there's probably"}, {"start": "00:56:48", "end": "00:56:54", "text": "uh a 100,000x"}, {"start": "00:56:51", "end": "00:56:58", "text": "in terms of the amount of liquidity that"}, {"start": "00:56:54", "end": "00:56:59", "text": "has direct access to this market uh"}, {"start": "00:56:58", "end": "00:57:00", "text": "compared to previous cycles where you"}, {"start": "00:56:59", "end": "00:57:01", "text": "had to jump through hoops to get the"}, {"start": "00:57:00", "end": "00:57:03", "text": "money in."}, {"start": "00:57:01", "end": "00:57:04", "text": ">> Yeah. So it's it's"}, {"start": "00:57:03", "end": "00:57:06", "text": ">> and especially for institutional money"}, {"start": "00:57:04", "end": "00:57:08", "text": "in institutional money wasn't there in"}, {"start": "00:57:06", "end": "00:57:10", "text": "2021."}, {"start": "00:57:08", "end": "00:57:11", "text": ">> You can now access it easily."}, {"start": "00:57:10", "end": "00:57:13", "text": ">> It just hasn't because there hasn't been"}, {"start": "00:57:11", "end": "00:57:14", "text": "that risk. The charts that I was showing"}, {"start": "00:57:13", "end": "00:57:17", "text": "you earlier, there hasn't been a steer"}, {"start": "00:57:14", "end": "00:57:19", "text": "toward risk since 2020, but it's finally"}, {"start": "00:57:17", "end": "00:57:21", "text": "starting here. So now that capital is"}, {"start": "00:57:19", "end": "00:57:25", "text": "looking for risk in the Russell, in"}, {"start": "00:57:21", "end": "00:57:26", "text": "copper and crypto and"}, {"start": "00:57:25", "end": "00:57:30", "text": ">> who would have thought that a a conflict"}, {"start": "00:57:26", "end": "00:57:32", "text": "with with Iran and a closing temporarily"}, {"start": "00:57:30", "end": "00:57:35", "text": "of the straight of Hormuz would be"}, {"start": "00:57:32", "end": "00:57:38", "text": "something that would put tokenization on"}, {"start": "00:57:35", "end": "00:57:40", "text": "the map in in such an aggressive way so"}, {"start": "00:57:38", "end": "00:57:43", "text": "quickly with hyperlquid with what we saw"}, {"start": "00:57:40", "end": "00:57:45", "text": "with oil and gold trading on tokenized"}, {"start": "00:57:43", "end": "00:57:47", "text": "247 markets when the markets were closed"}, {"start": "00:57:45", "end": "00:57:48", "text": "because all of a sudden you have this"}, {"start": "00:57:47", "end": "00:57:51", "text": "massive the volatility in oil that was"}, {"start": "00:57:48", "end": "00:57:53", "text": "bigger than altcoin volatility, which is"}, {"start": "00:57:51", "end": "00:57:56", "text": "wild for such a large market. But now"}, {"start": "00:57:53", "end": "00:57:57", "text": "you also have this 247 marketplace that"}, {"start": "00:57:56", "end": "00:58:01", "text": "you could trade on the weekends and not"}, {"start": "00:57:57", "end": "00:58:03", "text": "just do futures or options. Uh which has"}, {"start": "00:58:01", "end": "00:58:06", "text": "just made the institutional and big"}, {"start": "00:58:03", "end": "00:58:07", "text": "money players immediately aware of how"}, {"start": "00:58:06", "end": "00:58:09", "text": "important this is. Now we've got what is"}, {"start": "00:58:07", "end": "00:58:12", "text": "it December 6, we got I can't remember"}, {"start": "00:58:09", "end": "00:58:16", "text": "if it's NASDAQ or S&P 500. It's going to"}, {"start": "00:58:12", "end": "00:58:18", "text": "go 247 uh tokeniz or 20"}, {"start": "00:58:16", "end": "00:58:19", "text": ">> 236 or something ridiculous."}, {"start": "00:58:18", "end": "00:58:21", "text": ">> 245."}, {"start": "00:58:19", "end": "00:58:24", "text": ">> Yeah. Yeah, there it is. They're all"}, {"start": "00:58:21", "end": "00:58:26", "text": "moving towards this tokenization. Uh and"}, {"start": "00:58:24", "end": "00:58:28", "text": "we've already seen I think I did the"}, {"start": "00:58:26", "end": "00:58:31", "text": "math the other day like $39 trillion"}, {"start": "00:58:28", "end": "00:58:33", "text": "worth of assets are already tokenized or"}, {"start": "00:58:31", "end": "00:58:36", "text": "have access uh on tokenized markets. And"}, {"start": "00:58:33", "end": "00:58:39", "text": "this it's still only just the beginning."}, {"start": "00:58:36", "end": "00:58:40", "text": "Mhm. Very. Well, you know, from what"}, {"start": "00:58:39", "end": "00:58:42", "text": "we've been doing over the last few"}, {"start": "00:58:40", "end": "00:58:44", "text": "months and"}, {"start": "00:58:42", "end": "00:58:48", "text": ">> I know I know we and honestly all three"}, {"start": "00:58:44", "end": "00:58:50", "text": "of us have been out of the box some call"}, {"start": "00:58:48", "end": "00:58:51", "text": "[�__�] bulls for the last I mean"}, {"start": "00:58:50", "end": "00:58:53", "text": "honestly"}, {"start": "00:58:51", "end": "00:58:55", "text": ">> the mental asylum like you said."}, {"start": "00:58:53", "end": "00:58:57", "text": ">> Yeah. We're the mental asylum patients"}, {"start": "00:58:55", "end": "00:58:58", "text": "are about to escape and and there's a"}, {"start": "00:58:57", "end": "00:59:00", "text": "lot of people that have been moving into"}, {"start": "00:58:58", "end": "00:59:02", "text": "this market with us in this community,"}, {"start": "00:59:00", "end": "00:59:05", "text": "which I'm super super thankful for. And"}, {"start": "00:59:02", "end": "00:59:06", "text": "I know for a fact inside of our school"}, {"start": "00:59:05", "end": "00:59:08", "text": "community, they've been hammering these"}, {"start": "00:59:06", "end": "00:59:12", "text": "charts. And I do want to highlight me"}, {"start": "00:59:08", "end": "00:59:14", "text": "and Kelly uh have a call tomorrow inside"}, {"start": "00:59:12", "end": "00:59:17", "text": "of our school community that I'm pretty"}, {"start": "00:59:14", "end": "00:59:19", "text": "excited about because there will be"}, {"start": "00:59:17", "end": "00:59:21", "text": "massive, massive gains made. And we're"}, {"start": "00:59:19", "end": "00:59:23", "text": "going to be doing a top crypto tax"}, {"start": "00:59:21", "end": "00:59:26", "text": "mistakes episode tomorrow at 2 p.m."}, {"start": "00:59:23", "end": "00:59:28", "text": "inside of our school. And now,"}, {"start": "00:59:26", "end": "00:59:29", "text": ">> and you know what? You know what? We we"}, {"start": "00:59:28", "end": "00:59:31", "text": "almost should retitle that because"}, {"start": "00:59:29", "end": "00:59:32", "text": "people don't realize tax may sound"}, {"start": "00:59:31", "end": "00:59:36", "text": "boring. If you really want to think"}, {"start": "00:59:32", "end": "00:59:38", "text": "about what this really is, maximum ways"}, {"start": "00:59:36", "end": "00:59:40", "text": "to maximize the amount of money that you"}, {"start": "00:59:38", "end": "00:59:42", "text": "don't have to give away, but doing it"}, {"start": "00:59:40", "end": "00:59:45", "text": "legally. So, because it could be a 30%"}, {"start": "00:59:42", "end": "00:59:47", "text": "40% difference in your profits and"}, {"start": "00:59:45", "end": "00:59:50", "text": "people forget that when they're trading,"}, {"start": "00:59:47", "end": "00:59:53", "text": ">> you're you're taking a haircut of 30 to"}, {"start": "00:59:50", "end": "00:59:56", "text": "40% on every trade you make that's in"}, {"start": "00:59:53", "end": "00:59:57", "text": "profit because of taxes depending on how"}, {"start": "00:59:56", "end": "00:59:59", "text": "you have things structured and how"}, {"start": "00:59:57", "end": "01:00:01", "text": "you're protecting things. So, this is a"}, {"start": "00:59:59", "end": "01:00:02", "text": "very very important uh classroom"}, {"start": "01:00:01", "end": "01:00:05", "text": "everybody should join."}, {"start": "01:00:02", "end": "01:00:07", "text": ">> Yeah. And I think uh Bowie has a good"}, {"start": "01:00:05", "end": "01:00:09", "text": "question. It's how do I join school? Uh,"}, {"start": "01:00:07", "end": "01:00:12", "text": "we have a link in our description of"}, {"start": "01:00:09", "end": "01:00:14", "text": "this video and pretty much every piece"}, {"start": "01:00:12", "end": "01:00:16", "text": "of content I I come out with on Discover"}, {"start": "01:00:14", "end": "01:00:19", "text": "Crypto, we make sure to have the card,"}, {"start": "01:00:16", "end": "01:00:21", "text": "but you go in, you try it out for free"}, {"start": "01:00:19", "end": "01:00:23", "text": "and you can stay if you like it. I know"}, {"start": "01:00:21", "end": "01:00:26", "text": "Kelly's been working really hard on all"}, {"start": "01:00:23", "end": "01:00:27", "text": "the tools. I love the DC Dash dashboard,"}, {"start": "01:00:26", "end": "01:00:29", "text": "you know, and I'm coming across a lot of"}, {"start": "01:00:27", "end": "01:00:31", "text": "new projects that I'm able to get quick"}, {"start": "01:00:29", "end": "01:00:33", "text": "report cards just to get the front-end"}, {"start": "01:00:31", "end": "01:00:36", "text": "analysis of the tokconomics, you know,"}, {"start": "01:00:33", "end": "01:00:38", "text": "because there are projects that I have"}, {"start": "01:00:36", "end": "01:00:40", "text": "an interest for, but I can plug them"}, {"start": "01:00:38", "end": "01:00:42", "text": "into the scorecard system and get a"}, {"start": "01:00:40", "end": "01:00:43", "text": "quick rundown of the tokconomic value"}, {"start": "01:00:42", "end": "01:00:46", "text": "capture, everything. And then this"}, {"start": "01:00:43", "end": "01:00:48", "text": "dashboard I really like. Uh quick signal"}, {"start": "01:00:46", "end": "01:00:51", "text": "if it's risk on, if it's risk off, and"}, {"start": "01:00:48", "end": "01:00:54", "text": "all the hottest news. Uh, plus it's a"}, {"start": "01:00:51", "end": "01:00:55", "text": "giant community of people that take"}, {"start": "01:00:54", "end": "01:00:58", "text": "crypto and investing very very"}, {"start": "01:00:55", "end": "01:01:00", "text": "seriously. So, you know,"}, {"start": "01:00:58", "end": "01:01:02", "text": ">> and ju just to make it easy everybody,"}, {"start": "01:01:00", "end": "01:01:05", "text": "you can go to school which is"}, {"start": "01:01:02", "end": "01:01:05", "text": "skol.comdiscover"}, {"start": "01:01:06", "end": "01:01:10", "text": "crypto. It's all you got to do."}, {"start": "01:01:07", "end": "01:01:12", "text": ">> Yes. And I will drop that in the chat"}, {"start": "01:01:10", "end": "01:01:14", "text": "here because that's where, you know,"}, {"start": "01:01:12", "end": "01:01:16", "text": "I'll sit down at the end of each day,"}, {"start": "01:01:14", "end": "01:01:21", "text": "compile my thoughts, and really just"}, {"start": "01:01:16", "end": "01:01:23", "text": "give a, you know, no clickbait, no"}, {"start": "01:01:21", "end": "01:01:25", "text": "hyperbole take on where the markets are"}, {"start": "01:01:23", "end": "01:01:27", "text": "going. You know, there are a couple"}, {"start": "01:01:25", "end": "01:01:30", "text": "different scenarios in my mind. I think"}, {"start": "01:01:27", "end": "01:01:33", "text": "an easy take is for this market to hit a"}, {"start": "01:01:30", "end": "01:01:37", "text": "6 to8 trillion market cap, Bitcoin to"}, {"start": "01:01:33", "end": "01:01:40", "text": "200K. Um the biggest question is does"}, {"start": "01:01:37", "end": "01:01:42", "text": "Bitcoin dominance hold that 50% line,"}, {"start": "01:01:40", "end": "01:01:46", "text": "right? Because that if Bitcoin dominance"}, {"start": "01:01:42", "end": "01:01:48", "text": "loses 50% kind of the midpoint of where"}, {"start": "01:01:46", "end": "01:01:50", "text": "you know the dominance chart has been"}, {"start": "01:01:48", "end": "01:01:52", "text": "all hell breaks loose on the altcoin"}, {"start": "01:01:50", "end": "01:01:54", "text": "sector. All hell can break loose on the"}, {"start": "01:01:52", "end": "01:01:57", "text": "altcoin sector. So make sure to get in"}, {"start": "01:01:54", "end": "01:01:59", "text": "there, check it out. And then Matt uh so"}, {"start": "01:01:57", "end": "01:02:01", "text": "everyone that is new or just watching"}, {"start": "01:01:59", "end": "01:02:03", "text": "the website you've been building out, is"}, {"start": "01:02:01", "end": "01:02:05", "text": "it alts verse BTC? Where can they go to"}, {"start": "01:02:03", "end": "01:02:07", "text": "find uh that altcoin to bitcoin"}, {"start": "01:02:05", "end": "01:02:10", "text": "comparison schematic?"}, {"start": "01:02:07", "end": "01:02:12", "text": ">> It's uh altverbtc.com"}, {"start": "01:02:10", "end": "01:02:14", "text": "and then I also have my Twitter account"}, {"start": "01:02:12", "end": "01:02:16", "text": "uh Matthew Highland."}, {"start": "01:02:14", "end": "01:02:18", "text": ">> Perfect. So,"}, {"start": "01:02:16", "end": "01:02:19", "text": ">> well, always good to have you on the"}, {"start": "01:02:18", "end": "01:02:21", "text": "show and to give your analysis. I"}, {"start": "01:02:19", "end": "01:02:24", "text": "appreciate you. Appreciate you, Kelly,"}, {"start": "01:02:21", "end": "01:02:26", "text": "for coming on the show as well. Um we're"}, {"start": "01:02:24", "end": "01:02:27", "text": "in the time frame of winning, man. I"}, {"start": "01:02:26", "end": "01:02:28", "text": "think we're in the time frame of"}, {"start": "01:02:27", "end": "01:02:32", "text": "winning. So, make sure to follow these"}, {"start": "01:02:28", "end": "01:02:33", "text": "guys uh tirelessly giving their hot"}, {"start": "01:02:32", "end": "01:02:35", "text": "takes on the crypto market. Matthew, I"}, {"start": "01:02:33", "end": "01:02:37", "text": "think the craziest thing you said today"}, {"start": "01:02:35", "end": "01:02:39", "text": "is that XRP is going to 10 to 20 bucks."}, {"start": "01:02:37", "end": "01:02:42", "text": "I got to think long and hard about my"}, {"start": "01:02:39", "end": "01:02:45", "text": "financial decisions if that is the case,"}, {"start": "01:02:42", "end": "01:02:47", "text": "man. Holy cow. But, uh you guys take"}, {"start": "01:02:45", "end": "01:02:48", "text": "care and uh let me know next time you"}, {"start": "01:02:47", "end": "01:02:49", "text": "can come on. Maybe you can come on the"}, {"start": "01:02:48", "end": "01:02:51", "text": "blockchain basement, hang out with me"}, {"start": "01:02:49", "end": "01:02:53", "text": "sometime, too. But"}, {"start": "01:02:51", "end": "01:02:54", "text": ">> yeah, definitely."}, {"start": "01:02:53", "end": "01:02:57", "text": ">> All right. See you guys. Peace."}, {"start": "01:02:54", "end": "01:02:57", "text": ">> All right. I'll see you."}]

[{"start": "00:00:00", "end": "00:00:08", "text": "can never learn. Side tables turn."}, {"start": "00:00:04", "end": "00:00:08", "text": "Bitcoin rise. Beers get burned."}, {"start": "00:00:09", "end": "00:00:15", "text": "The raging bull market is taking hold."}, {"start": "00:00:13", "end": "00:00:18", "text": "We have a sea of green we're waking up"}, {"start": "00:00:15", "end": "00:00:20", "text": "to this morning feeling very fantastic"}, {"start": "00:00:18", "end": "00:00:22", "text": "about our predictions over the last four"}, {"start": "00:00:20", "end": "00:00:24", "text": "to five months. Honestly, it's been a"}, {"start": "00:00:22", "end": "00:00:26", "text": "while that we've been calling for a"}, {"start": "00:00:24", "end": "00:00:28", "text": "moment just like what happened over the"}, {"start": "00:00:26", "end": "00:00:30", "text": "weekend. And we have some of the worst"}, {"start": "00:00:28", "end": "00:00:32", "text": "news we could have expected on the"}, {"start": "00:00:30", "end": "00:00:34", "text": "macroeconomic happening over the weekend"}, {"start": "00:00:32", "end": "00:00:36", "text": "that didn't even cause any sort of blink"}, {"start": "00:00:34", "end": "00:00:39", "text": "to the Bitcoin or crypto price action."}, {"start": "00:00:36", "end": "00:00:41", "text": "Really TJ, I'm feeling incredible. I'm"}, {"start": "00:00:39", "end": "00:00:42", "text": "feeling like dancing. How are you doing"}, {"start": "00:00:41", "end": "00:00:43", "text": "this morning?"}, {"start": "00:00:42", "end": "00:00:45", "text": ">> I'm feeling great, man. If you if you"}, {"start": "00:00:43", "end": "00:00:47", "text": "guys are watching, if you love money,"}, {"start": "00:00:45", "end": "00:00:48", "text": "smash that like button because uh not"}, {"start": "00:00:47", "end": "00:00:50", "text": "only are we already making a lot of"}, {"start": "00:00:48", "end": "00:00:53", "text": "money, but there's a lot more to come in"}, {"start": "00:00:50", "end": "00:00:55", "text": "the future. So, yeah, super bullish. Uh"}, {"start": "00:00:53", "end": "00:00:57", "text": "everything it feels almost surreal."}, {"start": "00:00:55", "end": "00:01:00", "text": "Everything we're calling is just hitting"}, {"start": "00:00:57", "end": "00:01:02", "text": "to the tea. All of the latest trades are"}, {"start": "00:01:00", "end": "00:01:04", "text": "hitting. Um, all the calls are hitting."}, {"start": "00:01:02", "end": "00:01:06", "text": "Everything is just up and to ah, look at"}, {"start": "00:01:04", "end": "00:01:09", "text": "that. Just going up and to the right as"}, {"start": "00:01:06", "end": "00:01:11", "text": "we speak. So, uh, yeah, I feel like"}, {"start": "00:01:09", "end": "00:01:12", "text": "we've called this market extremely well"}, {"start": "00:01:11", "end": "00:01:14", "text": "and people in school are absolutely"}, {"start": "00:01:12", "end": "00:01:15", "text": "crushing it, making tons of money."}, {"start": "00:01:14", "end": "00:01:18", "text": "People in the chat here obviously doing"}, {"start": "00:01:15", "end": "00:01:20", "text": "really well. Uh, and I think, you know,"}, {"start": "00:01:18", "end": "00:01:22", "text": "again, we're just getting started. It's"}, {"start": "00:01:20", "end": "00:01:25", "text": "almost going too well, right? Like but I"}, {"start": "00:01:22", "end": "00:01:27", "text": "was we were joking around like last week"}, {"start": "00:01:25", "end": "00:01:29", "text": ">> uh end of last week like man like"}, {"start": "00:01:27", "end": "00:01:31", "text": "everything keeps hitting so"}, {"start": "00:01:29", "end": "00:01:34", "text": "consistently. Our DeFi stuff is crushing"}, {"start": "00:01:31", "end": "00:01:37", "text": "it. Uh I mean the overall portfolio is"}, {"start": "00:01:34", "end": "00:01:40", "text": "just unbelievably successful at this"}, {"start": "00:01:37", "end": "00:01:41", "text": "point and it's you're after going"}, {"start": "00:01:40", "end": "00:01:43", "text": "through a bare market for so long you're"}, {"start": "00:01:41", "end": "00:01:46", "text": "almost waiting for like a pullback or"}, {"start": "00:01:43", "end": "00:01:48", "text": "some some other shoe to drop. But, uh, I"}, {"start": "00:01:46", "end": "00:01:50", "text": "think we're really I mean the the party"}, {"start": "00:01:48", "end": "00:01:53", "text": "is just getting going from what I can"}, {"start": "00:01:50", "end": "00:01:55", "text": "see and, uh, there's going to be a lot"}, {"start": "00:01:53", "end": "00:01:56", "text": "more upside and and I think I've been"}, {"start": "00:01:55", "end": "00:01:59", "text": "saying this the whole time. I think"}, {"start": "00:01:56", "end": "00:02:01", "text": "people will really, uh, be shocked. You"}, {"start": "00:01:59", "end": "00:02:04", "text": "know, the max pain was to the upside. I"}, {"start": "00:02:01", "end": "00:02:06", "text": "think people that have had uh, e low"}, {"start": "00:02:04", "end": "00:02:08", "text": "expectations are going to be blown away."}, {"start": "00:02:06", "end": "00:02:09", "text": "Alts are going to blow people away."}, {"start": "00:02:08", "end": "00:02:11", "text": "Bitcoin's going to blow people away."}, {"start": "00:02:09", "end": "00:02:13", "text": "We're way ahead of schedule. Four-year"}, {"start": "00:02:11", "end": "00:02:16", "text": "cycle is pretty much broken at this"}, {"start": "00:02:13", "end": "00:02:19", "text": "point. a broken model, which um is great"}, {"start": "00:02:16", "end": "00:02:20", "text": "for a short bare market. Um it's going"}, {"start": "00:02:19", "end": "00:02:22", "text": "to be interesting if we're hitting some"}, {"start": "00:02:20", "end": "00:02:25", "text": "new highs in 27 and you know, early 28"}, {"start": "00:02:22", "end": "00:02:27", "text": "instead of 29. So calling the top might"}, {"start": "00:02:25", "end": "00:02:30", "text": "get tricky in this next cycle, but we"}, {"start": "00:02:27", "end": "00:02:32", "text": "got a long ways to go before then. Uh"}, {"start": "00:02:30", "end": "00:02:34", "text": "got"}, {"start": "00:02:32", "end": "00:02:36", "text": "out there cranking up the liquidity uh"}, {"start": "00:02:34", "end": "00:02:37", "text": "from the Treasury. All that's going to"}, {"start": "00:02:36", "end": "00:02:38", "text": "we're going to talk about that a little"}, {"start": "00:02:37", "end": "00:02:41", "text": "bit later into the show. But yeah, look"}, {"start": "00:02:38", "end": "00:02:44", "text": "at that. Look at that candle. That is a"}, {"start": "00:02:41", "end": "00:02:46", "text": "beautiful, beautiful start to the day."}, {"start": "00:02:44", "end": "00:02:48", "text": ">> These are 1hour candles. I mean, and"}, {"start": "00:02:46", "end": "00:02:50", "text": "over the weekend, we've we've risen from"}, {"start": "00:02:48", "end": "00:02:51", "text": "the top end of this channel we were kind"}, {"start": "00:02:50", "end": "00:02:54", "text": "of bouncing around in. And just a quick"}, {"start": "00:02:51", "end": "00:02:57", "text": "reminder, this is where the Bart Simpson"}, {"start": "00:02:54", "end": "00:02:59", "text": "uh local Bart Simpson just on the 1 hour"}, {"start": "00:02:57", "end": "00:03:01", "text": "time frame was, but the larger Bart"}, {"start": "00:02:59", "end": "00:03:04", "text": "Simpson everyone was looking for is just"}, {"start": "00:03:01", "end": "00:03:06", "text": "completely crushed. And Bitcoin on the"}, {"start": "00:03:04", "end": "00:03:08", "text": "daily time frame screaming to the"}, {"start": "00:03:06", "end": "00:03:10", "text": "upside. A lot of the big indicators"}, {"start": "00:03:08", "end": "00:03:13", "text": "people are using and and not a good one"}, {"start": "00:03:10", "end": "00:03:15", "text": "is the 50 SMA on the weekly time frame."}, {"start": "00:03:13", "end": "00:03:16", "text": ">> That's the one I like to use. Yeah, the"}, {"start": "00:03:15", "end": "00:03:18", "text": "50 week."}, {"start": "00:03:16", "end": "00:03:20", "text": ">> Very strong one. And now on the weekly"}, {"start": "00:03:18", "end": "00:03:23", "text": "time frame, this is the fun part, TJ."}, {"start": "00:03:20", "end": "00:03:24", "text": "And this is the scary part, too. We're"}, {"start": "00:03:23", "end": "00:03:27", "text": "not even in the green on money flow yet."}, {"start": "00:03:24", "end": "00:03:30", "text": "We're not even in the green on money"}, {"start": "00:03:27", "end": "00:03:32", "text": "flow. And we got a higher low on the"}, {"start": "00:03:30", "end": "00:03:34", "text": "money flow from the recent bounce,"}, {"start": "00:03:32", "end": "00:03:35", "text": "right? because this money flow was"}, {"start": "00:03:34", "end": "00:03:37", "text": "trying to angle to the downside at the"}, {"start": "00:03:35", "end": "00:03:39", "text": "end of last week. We went into the"}, {"start": "00:03:37", "end": "00:03:40", "text": "weekend and I was just watching this"}, {"start": "00:03:39", "end": "00:03:44", "text": "money flow to see if it breached below"}, {"start": "00:03:40", "end": "00:03:47", "text": "this9 mark and it actually held up -7"}, {"start": "00:03:44", "end": "00:03:49", "text": "setting up higher lows on the money flow"}, {"start": "00:03:47", "end": "00:03:50", "text": "as well on the weekly time frame. And"}, {"start": "00:03:49", "end": "00:03:52", "text": "this is where things are about to get"}, {"start": "00:03:50", "end": "00:03:55", "text": "silly. I feel like things are about to"}, {"start": "00:03:52", "end": "00:03:56", "text": "get real silly. And like you said, it's"}, {"start": "00:03:55", "end": "00:03:59", "text": "going to be hard to know where the top"}, {"start": "00:03:56", "end": "00:04:01", "text": "is. Uh but some of the videos I was"}, {"start": "00:03:59", "end": "00:04:03", "text": "doing over the last week were comparing"}, {"start": "00:04:01", "end": "00:04:06", "text": "Bitcoin to gold, right? And Bitcoin to"}, {"start": "00:04:03", "end": "00:04:08", "text": "gold's a very very interesting metric."}, {"start": "00:04:06", "end": "00:04:10", "text": "We covered the massive amount of shorts"}, {"start": "00:04:08", "end": "00:04:14", "text": "that were sitting around the table"}, {"start": "00:04:10", "end": "00:04:16", "text": "against Bitcoin and the IBIT ETF Trust."}, {"start": "00:04:14", "end": "00:04:18", "text": "Now, where Bitcoin and gold's"}, {"start": "00:04:16", "end": "00:04:21", "text": "relationship could go from here could"}, {"start": "00:04:18", "end": "00:04:23", "text": "get real nasty because gold, as it sits"}, {"start": "00:04:21", "end": "00:04:25", "text": "right now is"}, {"start": "00:04:23", "end": "00:04:28", "text": "it's kind of looking like it might be"}, {"start": "00:04:25", "end": "00:04:31", "text": "ready to replay what happened in 1980,"}, {"start": "00:04:28", "end": "00:04:32", "text": "1981 after the stagflationary pump. What"}, {"start": "00:04:31", "end": "00:04:34", "text": "happened was you set a lower high and"}, {"start": "00:04:32", "end": "00:04:37", "text": "then walk back down at least to this"}, {"start": "00:04:34", "end": "00:04:41", "text": "bull flag pattern. talking about a quick"}, {"start": "00:04:37", "end": "00:04:44", "text": "move to $150,000 Bitcoin if 20 25% of"}, {"start": "00:04:41", "end": "00:04:46", "text": "these gold uh positions get rolled into"}, {"start": "00:04:44", "end": "00:04:48", "text": "Bitcoin, the digital gold, the new"}, {"start": "00:04:46", "end": "00:04:50", "text": "version. And we've done some hardcore"}, {"start": "00:04:48", "end": "00:04:52", "text": "technical analysis. And one of the best"}, {"start": "00:04:50", "end": "00:04:54", "text": "chart patterns has played out recently"}, {"start": "00:04:52", "end": "00:04:57", "text": "is this one. A quick bump and run off"}, {"start": "00:04:54", "end": "00:05:00", "text": "the hairline, you hit the breakout, and"}, {"start": "00:04:57", "end": "00:05:02", "text": "you're off to the new races. Now,"}, {"start": "00:05:00", "end": "00:05:03", "text": "obviously, I'm feeling a little frisky."}, {"start": "00:05:02", "end": "00:05:07", "text": "I'm getting tagged a lot this morning"}, {"start": "00:05:03", "end": "00:05:10", "text": "about months ago. You remember we I I"}, {"start": "00:05:07", "end": "00:05:12", "text": "remember when I made the video just flat"}, {"start": "00:05:10", "end": "00:05:14", "text": "out Benjamin C was wrong. A lot of"}, {"start": "00:05:12", "end": "00:05:16", "text": "people were dancing on my preemptive"}, {"start": "00:05:14", "end": "00:05:19", "text": "grave. Oh, you're calling the one of the"}, {"start": "00:05:16", "end": "00:05:20", "text": "best TA people out there wrong. You're"}, {"start": "00:05:19", "end": "00:05:23", "text": "going to end up paying the price for"}, {"start": "00:05:20", "end": "00:05:25", "text": "this one. Well, who's laughing now? Now,"}, {"start": "00:05:23", "end": "00:05:28", "text": "the crypto market as a whole is rising."}, {"start": "00:05:25", "end": "00:05:30", "text": "We have some big winners and big big"}, {"start": "00:05:28", "end": "00:05:32", "text": "movers here this morning. We have SU up"}, {"start": "00:05:30", "end": "00:05:34", "text": "24%."}, {"start": "00:05:32", "end": "00:05:36", "text": "Apparently, I'm Uber. I just found I"}, {"start": "00:05:34", "end": "00:05:39", "text": "found out a lot of the things that the"}, {"start": "00:05:36", "end": "00:05:41", "text": "family's exposed to in crypto"}, {"start": "00:05:39", "end": "00:05:45", "text": "uh over the weekend. Su is one of them."}, {"start": "00:05:41", "end": "00:05:47", "text": "We're up 27% on that one. Say is up 26%"}, {"start": "00:05:45", "end": "00:05:50", "text": "ASI 20%. Render, we were talking about"}, {"start": "00:05:47", "end": "00:05:52", "text": "render in the school this weekend. TJ,"}, {"start": "00:05:50", "end": "00:05:54", "text": ">> yeah, somebody and I I'll be interested"}, {"start": "00:05:52", "end": "00:05:55", "text": "to follow up with him. Somebody was the"}, {"start": "00:05:54", "end": "00:05:57", "text": "FOMO was kicking in and he was seeing"}, {"start": "00:05:55", "end": "00:05:58", "text": "all these things pump and he was like,"}, {"start": "00:05:57", "end": "00:05:59", "text": "uh, you know, I've been sitting on"}, {"start": "00:05:58", "end": "00:06:01", "text": "render for a long time. I'm thinking"}, {"start": "00:05:59", "end": "00:06:04", "text": "about swamping it in an ear. And I"}, {"start": "00:06:01", "end": "00:06:07", "text": "cautioned him. I said just be careful"}, {"start": "00:06:04", "end": "00:06:09", "text": "you don't move out of something that you"}, {"start": "00:06:07", "end": "00:06:10", "text": "have conviction in and chase a pump"}, {"start": "00:06:09", "end": "00:06:12", "text": "because the worst thing you would want"}, {"start": "00:06:10", "end": "00:06:13", "text": "is to swap for something that has you"}, {"start": "00:06:12", "end": "00:06:16", "text": "know from something that hasn't pumped"}, {"start": "00:06:13", "end": "00:06:17", "text": "into something that has pumped and then"}, {"start": "00:06:16", "end": "00:06:19", "text": "of course as soon as you do it's going"}, {"start": "00:06:17", "end": "00:06:21", "text": "to run. So, I think he stayed in his"}, {"start": "00:06:19", "end": "00:06:23", "text": "position and I'm sure if he did, he's"}, {"start": "00:06:21", "end": "00:06:25", "text": "grateful for that because I encouraged"}, {"start": "00:06:23", "end": "00:06:26", "text": "him to go through the discover OS"}, {"start": "00:06:25", "end": "00:06:28", "text": "workbook because again, that really"}, {"start": "00:06:26", "end": "00:06:30", "text": "helps you think through a lot of these"}, {"start": "00:06:28", "end": "00:06:32", "text": "positions yourself. And again, remove"}, {"start": "00:06:30", "end": "00:06:34", "text": "your emotions from it. And that's the"}, {"start": "00:06:32", "end": "00:06:36", "text": "biggest part. You're going to emotions"}, {"start": "00:06:34", "end": "00:06:39", "text": "can work against you to the downside,"}, {"start": "00:06:36", "end": "00:06:40", "text": "but they absolutely can be just as"}, {"start": "00:06:39", "end": "00:06:42", "text": "dangerous to the upside. And chasing"}, {"start": "00:06:40", "end": "00:06:44", "text": "pumps, like look at that. I mean,"}, {"start": "00:06:42", "end": "00:06:46", "text": ">> half of that stuff in there I own, but"}, {"start": "00:06:44", "end": "00:06:49", "text": "half of it I don't. And you can't hold"}, {"start": "00:06:46", "end": "00:06:49", "text": "all of them. Uh but yeah, VVV continues"}, {"start": "00:06:49", "end": "00:06:51", "text": "to run."}, {"start": "00:06:49", "end": "00:06:54", "text": ">> Stack this at like the lowest part of"}, {"start": "00:06:51", "end": "00:06:55", "text": "you stack this thing through the entire"}, {"start": "00:06:54", "end": "00:06:57", "text": ">> Yeah, I mean I think that's officially"}, {"start": "00:06:55", "end": "00:06:58", "text": "Yeah, I think it Yeah, definitely like"}, {"start": "00:06:57", "end": "00:07:01", "text": "two or three bucks. I think it's"}, {"start": "00:06:58", "end": "00:07:02", "text": "officially a 10x. Um"}, {"start": "00:07:01", "end": "00:07:03", "text": ">> Oh my lord."}, {"start": "00:07:02", "end": "00:07:05", "text": ">> I already hit my first 10x of the cycle,"}, {"start": "00:07:03", "end": "00:07:07", "text": "which is nice. Um"}, {"start": "00:07:05", "end": "00:07:09", "text": ">> and then yeah, near piled into that"}, {"start": "00:07:07", "end": "00:07:13", "text": "right before it moved. Same with unis"}, {"start": "00:07:09", "end": "00:07:14", "text": "swap. So my only my thing is not you"}, {"start": "00:07:13", "end": "00:07:16", "text": "know I still have a fair amount of"}, {"start": "00:07:14", "end": "00:07:18", "text": "Bitcoin which obviously Bitcoin has a"}, {"start": "00:07:16", "end": "00:07:20", "text": "ways to go as well but now you and I"}, {"start": "00:07:18", "end": "00:07:22", "text": "were debating how when do you start you"}, {"start": "00:07:20", "end": "00:07:24", "text": "know I've got some Jupiter in there I've"}, {"start": "00:07:22", "end": "00:07:26", "text": "got I've got a lot of those uh Morpho"}, {"start": "00:07:24", "end": "00:07:29", "text": "obviously"}, {"start": "00:07:26", "end": "00:07:31", "text": ">> the the big debate now is going to be"}, {"start": "00:07:29", "end": "00:07:33", "text": "you know when do you start moving out of"}, {"start": "00:07:31", "end": "00:07:34", "text": "the majors like Bitcoin and ETH into"}, {"start": "00:07:33", "end": "00:07:36", "text": "some of these lower caps because there's"}, {"start": "00:07:34", "end": "00:07:37", "text": "still easy money to be made in Bitcoin"}, {"start": "00:07:36", "end": "00:07:39", "text": "and Ethereum and now this is different"}, {"start": "00:07:37", "end": "00:07:40", "text": "for each portfolio for each risk"}, {"start": "00:07:39", "end": "00:07:43", "text": "profile. file. Obviously, it's different"}, {"start": "00:07:40", "end": "00:07:45", "text": "if you're working with five figures"}, {"start": "00:07:43", "end": "00:07:46", "text": "versus six and seven and all that sort"}, {"start": "00:07:45", "end": "00:07:49", "text": "of stuff. So, you know, you have to"}, {"start": "00:07:46", "end": "00:07:51", "text": "adjust accordingly. But, yeah, I'm"}, {"start": "00:07:49", "end": "00:07:53", "text": "really debating moving more out of"}, {"start": "00:07:51", "end": "00:07:55", "text": "Bitcoin into some of these higher ones"}, {"start": "00:07:53", "end": "00:07:56", "text": "because like you mentioned, you know, we"}, {"start": "00:07:55", "end": "00:08:00", "text": "are officially"}, {"start": "00:07:56", "end": "00:08:02", "text": "technically and fundamentally the bare"}, {"start": "00:08:00", "end": "00:08:04", "text": "market is over. I mean this green, you"}, {"start": "00:08:02", "end": "00:08:06", "text": "know, this line here, this 50we SMA,"}, {"start": "00:08:04", "end": "00:08:08", "text": "this is the one everybody was watching"}, {"start": "00:08:06", "end": "00:08:10", "text": "and we've officially broken above it."}, {"start": "00:08:08", "end": "00:08:12", "text": "And you know, you can go back and look"}, {"start": "00:08:10", "end": "00:08:14", "text": "in cycles past what happens when we"}, {"start": "00:08:12", "end": "00:08:16", "text": "break above it. I mean, we just did"}, {"start": "00:08:14", "end": "00:08:17", "text": "this, right? And this to me was clear as"}, {"start": "00:08:16", "end": "00:08:19", "text": "day that we were in something very"}, {"start": "00:08:17", "end": "00:08:21", "text": "similar. Now we're on this motion right"}, {"start": "00:08:19", "end": "00:08:23", "text": "here up above it. So, it'll probably"}, {"start": "00:08:21", "end": "00:08:26", "text": "come back down near it, but at this"}, {"start": "00:08:23", "end": "00:08:28", "text": "point it's going to get just ridiculous."}, {"start": "00:08:26", "end": "00:08:30", "text": "Um,"}, {"start": "00:08:28", "end": "00:08:32", "text": "so you know, I, you know, I think we're"}, {"start": "00:08:30", "end": "00:08:34", "text": "going to be very ahead of schedule. I"}, {"start": "00:08:32", "end": "00:08:35", "text": "think all coins, again, I've said many"}, {"start": "00:08:34", "end": "00:08:37", "text": "times, we're this cycle is going to be"}, {"start": "00:08:35", "end": "00:08:39", "text": "the end of diminished returns. I think"}, {"start": "00:08:37", "end": "00:08:41", "text": "the last cycle was big money and"}, {"start": "00:08:39", "end": "00:08:43", "text": "institutions, the Black Rocks of the"}, {"start": "00:08:41", "end": "00:08:45", "text": "world, uh, bringing the boat back to"}, {"start": "00:08:43", "end": "00:08:47", "text": "harbor. That's expression we say all the"}, {"start": "00:08:45", "end": "00:08:49", "text": "time. When retail misses the boat,"}, {"start": "00:08:47", "end": "00:08:50", "text": "they're out of luck. When institutions"}, {"start": "00:08:49", "end": "00:08:52", "text": "miss the boat, they bring it back"}, {"start": "00:08:50", "end": "00:08:54", "text": "around. I think last cycle was they"}, {"start": "00:08:52", "end": "00:08:55", "text": "that's exactly what was happening. They"}, {"start": "00:08:54", "end": "00:08:57", "text": "were bringing the boat back around. They"}, {"start": "00:08:55", "end": "00:08:59", "text": "were getting positioned into stable"}, {"start": "00:08:57", "end": "00:09:01", "text": "coins. They were creating products for"}, {"start": "00:08:59", "end": "00:09:04", "text": "big money to get into these things. Now"}, {"start": "00:09:01", "end": "00:09:06", "text": "the stage is set. Uh the SEC, the CFTC"}, {"start": "00:09:04", "end": "00:09:09", "text": "have laid the groundwork for in an"}, {"start": "00:09:06", "end": "00:09:10", "text": "insane bull run for multiple years."}, {"start": "00:09:09", "end": "00:09:15", "text": "Likely to see a gold rotation, likely to"}, {"start": "00:09:10", "end": "00:09:18", "text": "see an AI rotation. Uh realistically,"}, {"start": "00:09:15", "end": "00:09:21", "text": "the AI trade needs crypto tokenization."}, {"start": "00:09:18", "end": "00:09:23", "text": "They, you know, the big, you know, uh"}, {"start": "00:09:21", "end": "00:09:25", "text": "the big thing everybody's focused on is"}, {"start": "00:09:23", "end": "00:09:27", "text": "liquidity. And that's going to it's"}, {"start": "00:09:25", "end": "00:09:29", "text": "going to be blockchain and tokenization"}, {"start": "00:09:27", "end": "00:09:31", "text": "that brings liquidity to a lot of"}, {"start": "00:09:29", "end": "00:09:32", "text": "stagnant markets like private equity,"}, {"start": "00:09:31", "end": "00:09:35", "text": "like real estate, like bonds like we"}, {"start": "00:09:32", "end": "00:09:38", "text": "continue to talk about. And yeah, I mean"}, {"start": "00:09:35", "end": "00:09:40", "text": "here I mean it super cycle."}, {"start": "00:09:38", "end": "00:09:42", "text": ">> Yeah, might be might be."}, {"start": "00:09:40", "end": "00:09:44", "text": ">> Well, this is like you know we're"}, {"start": "00:09:42", "end": "00:09:46", "text": "celebrating and so I saw a good comment"}, {"start": "00:09:44", "end": "00:09:48", "text": "and it's reasonable because a lot of"}, {"start": "00:09:46", "end": "00:09:50", "text": "these alts if you held them from like"}, {"start": "00:09:48", "end": "00:09:52", "text": "2021, you're still down, right? You're"}, {"start": "00:09:50", "end": "00:09:54", "text": "still down. It's about timing the"}, {"start": "00:09:52", "end": "00:09:57", "text": "altcoin sector, like de-risking on the"}, {"start": "00:09:54", "end": "00:09:59", "text": "way into a bare market, buying the lows,"}, {"start": "00:09:57", "end": "00:10:02", "text": "and a lot of my moves are already up 100"}, {"start": "00:09:59", "end": "00:10:04", "text": "200%. Because you insulate yourself on"}, {"start": "00:10:02", "end": "00:10:06", "text": "the way down, you hammer the bottom, you"}, {"start": "00:10:04", "end": "00:10:08", "text": "bottom blast, and then you get ready to"}, {"start": "00:10:06", "end": "00:10:09", "text": "ride to Valhalla. And on the altcoin"}, {"start": "00:10:08", "end": "00:10:10", "text": "sector, I mean, if we're talking about"}, {"start": "00:10:09", "end": "00:10:11", "text": "the altcoins,"}, {"start": "00:10:10", "end": "00:10:12", "text": ">> yeah, I just want to answer this guy"}, {"start": "00:10:11", "end": "00:10:13", "text": "real quick. we can definitely hop in."}, {"start": "00:10:12", "end": "00:10:15", "text": "But yeah, with an average shaped"}, {"start": "00:10:13", "end": "00:10:19", "text": "portfolio, you can absolutely expect to"}, {"start": "00:10:15", "end": "00:10:20", "text": "5x. Um, absolutely. AB, you know, so"}, {"start": "00:10:19", "end": "00:10:22", "text": "like that's why I want to encourage"}, {"start": "00:10:20", "end": "00:10:24", "text": "people. You don't have to get risky."}, {"start": "00:10:22", "end": "00:10:26", "text": "You're going to don't"}, {"start": "00:10:24", "end": "00:10:28", "text": "if you want to chase meme coins, that's"}, {"start": "00:10:26", "end": "00:10:30", "text": "your prerogative. It's gambling. That's"}, {"start": "00:10:28", "end": "00:10:32", "text": "fine. People will make money with it."}, {"start": "00:10:30", "end": "00:10:35", "text": "But if you're looking for, like I said,"}, {"start": "00:10:32", "end": "00:10:38", "text": "a 5x, a 10x, even 20x, you can do that"}, {"start": "00:10:35", "end": "00:10:39", "text": "fairly conservatively with strong real"}, {"start": "00:10:38", "end": "00:10:42", "text": "projects like the ones we talk about on"}, {"start": "00:10:39", "end": "00:10:44", "text": "the show all the time. don't have to get"}, {"start": "00:10:42", "end": "00:10:46", "text": "degenerate and gamble like we have seen"}, {"start": "00:10:44", "end": "00:10:48", "text": "in cycles. There will be a lot of that."}, {"start": "00:10:46", "end": "00:10:51", "text": "The numbers are overwhelmingly not in"}, {"start": "00:10:48", "end": "00:10:53", "text": "your favor. It is all a sham in a lot of"}, {"start": "00:10:51", "end": "00:10:55", "text": "ways. So even a lot of these wallets you"}, {"start": "00:10:53", "end": "00:10:58", "text": "see on FOMO are BS. They're bundled and"}, {"start": "00:10:55", "end": "00:10:59", "text": "you know it's it's a game that's rigged"}, {"start": "00:10:58", "end": "00:11:01", "text": "against you. And I just want to"}, {"start": "00:10:59", "end": "00:11:03", "text": "encourage you guys, you know, again, you"}, {"start": "00:11:01", "end": "00:11:04", "text": "do whatever you want with your money,"}, {"start": "00:11:03", "end": "00:11:06", "text": "but if you're working with anything"}, {"start": "00:11:04", "end": "00:11:08", "text": "substantial,"}, {"start": "00:11:06", "end": "00:11:10", "text": "just stay in the game and stay with good"}, {"start": "00:11:08", "end": "00:11:10", "text": "projects and you will likely do very"}, {"start": "00:11:10", "end": "00:11:12", "text": "well."}, {"start": "00:11:10", "end": "00:11:14", "text": ">> Yeah, we're already getting asked about"}, {"start": "00:11:12", "end": "00:11:16", "text": "uh take profit course to be rolled out"}, {"start": "00:11:14", "end": "00:11:18", "text": "in school, which is kind of I mean this"}, {"start": "00:11:16", "end": "00:11:19", "text": "next chart, let's show this chart in"}, {"start": "00:11:18", "end": "00:11:21", "text": "response to what I'm talking about here."}, {"start": "00:11:19", "end": "00:11:24", "text": "We're getting asked about take profits"}, {"start": "00:11:21", "end": "00:11:26", "text": "while the altcoins to Bitcoin look like"}, {"start": "00:11:24", "end": "00:11:29", "text": "this. what we're seeing on altcoins and"}, {"start": "00:11:26", "end": "00:11:31", "text": "these 20% moves today. We haven't even"}, {"start": "00:11:29", "end": "00:11:34", "text": "breached, you know, a local high we made"}, {"start": "00:11:31", "end": "00:11:37", "text": "in May. Man, this is this is going to be"}, {"start": "00:11:34", "end": "00:11:39", "text": "silly. Absolute silly what's about to"}, {"start": "00:11:37", "end": "00:11:41", "text": "happen to the altcoin sector. They've"}, {"start": "00:11:39", "end": "00:11:44", "text": "been in a bare market for six years."}, {"start": "00:11:41", "end": "00:11:46", "text": "People have been beaten down, battered."}, {"start": "00:11:44", "end": "00:11:48", "text": "They've left. And this is Crypto. Steo,"}, {"start": "00:11:46", "end": "00:11:50", "text": "shout out to him. There's barely anyone"}, {"start": "00:11:48", "end": "00:11:52", "text": "left in crypto. 99% of retail already"}, {"start": "00:11:50", "end": "00:11:55", "text": "got shaken out historically. This is"}, {"start": "00:11:52", "end": "00:11:56", "text": "when coins start going parabolic. The"}, {"start": "00:11:55", "end": "00:11:59", "text": "parties begin."}, {"start": "00:11:56", "end": "00:12:02", "text": ">> People still calling for 40k. Hard f"}, {"start": "00:11:59", "end": "00:12:04", "text": "hard block. Hard block at this point if"}, {"start": "00:12:02", "end": "00:12:07", "text": "they're just ignoring the reality of the"}, {"start": "00:12:04", "end": "00:12:09", "text": "world and the markets where it's at. And"}, {"start": "00:12:07", "end": "00:12:10", "text": "strategy, he's laughing. Michael Sailor"}, {"start": "00:12:09", "end": "00:12:13", "text": "is laughing right now."}, {"start": "00:12:10", "end": "00:12:15", "text": ">> Bought $75 million worth of Bitcoin last"}, {"start": "00:12:13", "end": "00:12:17", "text": "week. He's up by billions of dollars"}, {"start": "00:12:15", "end": "00:12:20", "text": "right now. The purchase was funded from"}, {"start": "00:12:17", "end": "00:12:21", "text": "the US dollar reserve. that big stack of"}, {"start": "00:12:20", "end": "00:12:23", "text": "cash they've been putting together over"}, {"start": "00:12:21", "end": "00:12:25", "text": "the last few months, according to a"}, {"start": "00:12:23", "end": "00:12:29", "text": "Monday regulatory filing strategy used"}, {"start": "00:12:25", "end": "00:12:32", "text": "$174 million of USD cash to fund"}, {"start": "00:12:29", "end": "00:12:35", "text": "repurchases of STRC and $75 million of"}, {"start": "00:12:32", "end": "00:12:37", "text": "USD to buy that Bitcoin. In addition,"}, {"start": "00:12:35", "end": "00:12:39", "text": "the company used 57 million bucks. This"}, {"start": "00:12:37", "end": "00:12:41", "text": "guy's just slinging tens of millions of"}, {"start": "00:12:39", "end": "00:12:43", "text": "dollars back and forth. I mean, you"}, {"start": "00:12:41", "end": "00:12:46", "text": "know, the calls for the end of"}, {"start": "00:12:43", "end": "00:12:48", "text": "everything because of strategy, I always"}, {"start": "00:12:46", "end": "00:12:50", "text": "called hyperbole regardless of the"}, {"start": "00:12:48", "end": "00:12:52", "text": "people around me that were, you know, so"}, {"start": "00:12:50", "end": "00:12:54", "text": "afraid of this thing. And now Michael"}, {"start": "00:12:52", "end": "00:12:56", "text": "Sailor is smoking cigars on probably"}, {"start": "00:12:54", "end": "00:12:58", "text": "around like five or six billion dollars"}, {"start": "00:12:56", "end": "00:13:00", "text": "in unrealized profits. And the Bitcoin"}, {"start": "00:12:58", "end": "00:13:00", "text": "chart hasn't even breached alltime"}, {"start": "00:13:00", "end": "00:13:01", "text": "highs."}, {"start": "00:13:00", "end": "00:13:03", "text": ">> This is nuts."}, {"start": "00:13:01", "end": "00:13:04", "text": ">> Yeah, he's going to be considered a"}, {"start": "00:13:03", "end": "00:13:07", "text": "legend here really soon, which is what I"}, {"start": "00:13:04", "end": "00:13:10", "text": "was saying. Like it's easy to it's easy"}, {"start": "00:13:07", "end": "00:13:12", "text": "to pile on a Bitcoiner at the bottom of"}, {"start": "00:13:10", "end": "00:13:14", "text": "a bare market. Uh but we Bitcoiners"}, {"start": "00:13:12", "end": "00:13:15", "text": "always have the last laugh, you know, at"}, {"start": "00:13:14", "end": "00:13:18", "text": "least the last decade they definitely"}, {"start": "00:13:15", "end": "00:13:20", "text": "have. So yeah, it was ridiculous the"}, {"start": "00:13:18", "end": "00:13:22", "text": "calls for strategy to go under. I mean"}, {"start": "00:13:20", "end": "00:13:24", "text": "it was one of the easiest obvious trades"}, {"start": "00:13:22", "end": "00:13:25", "text": "you can even take options. I mean it's"}, {"start": "00:13:24", "end": "00:13:28", "text": "if you look at their stock, I mean it's"}, {"start": "00:13:25", "end": "00:13:31", "text": "going to go back to $3 $400. So yeah."}, {"start": "00:13:28", "end": "00:13:32", "text": ">> Yeah. Nobody's laughing at him now. Um,"}, {"start": "00:13:31", "end": "00:13:34", "text": "and yeah, I did see somebody say in the"}, {"start": "00:13:32", "end": "00:13:36", "text": "chat, you know, only, you know, we got a"}, {"start": "00:13:34", "end": "00:13:37", "text": "lot of people watching, only 100 likes."}, {"start": "00:13:36", "end": "00:13:39", "text": "Please do smash that like button today."}, {"start": "00:13:37", "end": "00:13:41", "text": "If you're on mobile, it really does help"}, {"start": "00:13:39", "end": "00:13:43", "text": "a lot to get that news out there. You"}, {"start": "00:13:41", "end": "00:13:45", "text": "have to X out of the live chat. Uh, and"}, {"start": "00:13:43", "end": "00:13:46", "text": "then uh, hit that like button and come"}, {"start": "00:13:45", "end": "00:13:48", "text": "right back in. But we did see I do see"}, {"start": "00:13:46", "end": "00:13:50", "text": "this super chat here from Devin. Best"}, {"start": "00:13:48", "end": "00:13:52", "text": "riskreward project with the most upside"}, {"start": "00:13:50", "end": "00:13:54", "text": "right now. Arrow, VVV, Injective, any"}, {"start": "00:13:52", "end": "00:13:58", "text": "others? I think those are all great."}, {"start": "00:13:54", "end": "00:14:00", "text": "Obviously, my recent one is Near. I'm"}, {"start": "00:13:58", "end": "00:14:02", "text": "really bullish on Near on the overall"}, {"start": "00:14:00", "end": "00:14:04", "text": "how it can fit into the overall"}, {"start": "00:14:02", "end": "00:14:06", "text": "architecture with both crypto and AI and"}, {"start": "00:14:04", "end": "00:14:08", "text": "privacy. It kind of checks every"}, {"start": "00:14:06", "end": "00:14:09", "text": "narrative box. Did you put that near"}, {"start": "00:14:08", "end": "00:14:09", "text": "video out yet or were you still working"}, {"start": "00:14:09", "end": "00:14:12", "text": "on that?"}, {"start": "00:14:09", "end": "00:14:15", "text": ">> I did. I put it uh dude like the editing"}, {"start": "00:14:12", "end": "00:14:17", "text": "lag that I had this weekend. There were"}, {"start": "00:14:15", "end": "00:14:19", "text": "good videos we had edited but there was"}, {"start": "00:14:17", "end": "00:14:22", "text": "like I was calling Arbitum is the one to"}, {"start": "00:14:19", "end": "00:14:25", "text": "watch and arbitrum was way lower than it"}, {"start": "00:14:22", "end": "00:14:27", "text": "is now, you know. So, you know, making"}, {"start": "00:14:25", "end": "00:14:28", "text": "good edited content. It was kind of"}, {"start": "00:14:27", "end": "00:14:30", "text": "killing me there, you know, knowing that"}, {"start": "00:14:28", "end": "00:14:32", "text": "those calls were sitting in the wings"}, {"start": "00:14:30", "end": "00:14:34", "text": "getting edited. But near's been running."}, {"start": "00:14:32", "end": "00:14:36", "text": "Uh, what's up, Rowan Films? Good to see"}, {"start": "00:14:34", "end": "00:14:38", "text": "you, man. All this is happening."}, {"start": "00:14:36", "end": "00:14:40", "text": "Bloomberg uh came out with this posted a"}, {"start": "00:14:38", "end": "00:14:43", "text": "bearish crypto opinion a piece about"}, {"start": "00:14:40", "end": "00:14:45", "text": "crypto saying that we can't really go"}, {"start": "00:14:43", "end": "00:14:48", "text": "mainstream without the clarity act."}, {"start": "00:14:45", "end": "00:14:50", "text": ">> That's where that totally is. Who's"}, {"start": "00:14:48", "end": "00:14:51", "text": "posted? Bloomberg. Yeah,"}, {"start": "00:14:50", "end": "00:14:54", "text": ">> Bloomberg. Check this out."}, {"start": "00:14:51", "end": "00:14:57", "text": ">> Left funded, you know, ridiculousness is"}, {"start": "00:14:54", "end": "00:14:58", "text": "what I would say. I mean, we're we we"}, {"start": "00:14:57", "end": "00:15:00", "text": "don't need it. We just did it with this"}, {"start": "00:14:58", "end": "00:15:02", "text": "SEC and CFTC."}, {"start": "00:15:00", "end": "00:15:03", "text": ">> We can't go mainstream, but Apple and"}, {"start": "00:15:02", "end": "00:15:05", "text": "Google are hiring for stablecoin"}, {"start": "00:15:03", "end": "00:15:08", "text": "blockchain related roles, right? So, we"}, {"start": "00:15:05", "end": "00:15:10", "text": "can't go mainstream, guys. Even though"}, {"start": "00:15:08", "end": "00:15:11", "text": "the largest corporations on the planet"}, {"start": "00:15:10", "end": "00:15:14", "text": "are getting ready to hire stablecoin"}, {"start": "00:15:11", "end": "00:15:18", "text": "devs and blockchain devs, this is"}, {"start": "00:15:14", "end": "00:15:20", "text": "happening live time. And you know where"}, {"start": "00:15:18", "end": "00:15:22", "text": "I'm at right now with these this whole"}, {"start": "00:15:20", "end": "00:15:24", "text": "Clarity Act thing, it's not going to be"}, {"start": "00:15:22", "end": "00:15:25", "text": "a conversation that goes away. They're"}, {"start": "00:15:24", "end": "00:15:28", "text": "going to continue to try to push it"}, {"start": "00:15:25", "end": "00:15:31", "text": "forward, but the CFTC and the SEC are"}, {"start": "00:15:28", "end": "00:15:34", "text": "already moving it forward for us. So,"}, {"start": "00:15:31", "end": "00:15:36", "text": "um, now, God, there's so many altcoins I"}, {"start": "00:15:34", "end": "00:15:37", "text": "want to get to, but Matthew Highland,"}, {"start": "00:15:36", "end": "00:15:39", "text": "we're going to have him back on the"}, {"start": "00:15:37", "end": "00:15:42", "text": "show, highlighting max paying for"}, {"start": "00:15:39", "end": "00:15:44", "text": "Bitcoin pushing to $100,000 in October"}, {"start": "00:15:42", "end": "00:15:45", "text": "to complete the failure of the four-year"}, {"start": "00:15:44", "end": "00:15:49", "text": "cycle is what he's talking about here."}, {"start": "00:15:45", "end": "00:15:51", "text": "17 more days until doomsday occurs and"}, {"start": "00:15:49", "end": "00:15:53", "text": "that next major leg. I mean, we breached"}, {"start": "00:15:51", "end": "00:15:55", "text": "since he posted this, we breached this"}, {"start": "00:15:53", "end": "00:15:56", "text": "internal resistance point. Now, we're"}, {"start": "00:15:55", "end": "00:15:57", "text": "messing around. Let's actually go look"}, {"start": "00:15:56", "end": "00:15:59", "text": "at the Bitcoin chart just one more time."}, {"start": "00:15:57", "end": "00:16:01", "text": "I know I'm getting a little ahead of"}, {"start": "00:15:59", "end": "00:16:03", "text": "myself, a little excited about the"}, {"start": "00:16:01", "end": "00:16:06", "text": "altcoin sector here. Now, we've ran into"}, {"start": "00:16:03", "end": "00:16:07", "text": "this old school volume spot. So, let's"}, {"start": "00:16:06", "end": "00:16:09", "text": "actually check out the staircases that"}, {"start": "00:16:07", "end": "00:16:12", "text": "we're dealing with. local resistance"}, {"start": "00:16:09", "end": "00:16:16", "text": "here at around 87,800"}, {"start": "00:16:12", "end": "00:16:18", "text": "around 88K flat I'd say is the main next"}, {"start": "00:16:16", "end": "00:16:20", "text": "spot to watch. We are absolutely and"}, {"start": "00:16:18", "end": "00:16:23", "text": "this is why these volume nodes are so"}, {"start": "00:16:20", "end": "00:16:25", "text": "powerful is you can you can feel the"}, {"start": "00:16:23", "end": "00:16:26", "text": "volume cavern that we're just screaming"}, {"start": "00:16:25", "end": "00:16:29", "text": "out of right now is because there's not"}, {"start": "00:16:26", "end": "00:16:31", "text": "many stair steps or uh you know spots to"}, {"start": "00:16:29", "end": "00:16:34", "text": "hit our head against in between point A"}, {"start": "00:16:31", "end": "00:16:35", "text": "and point B. It also worked here in this"}, {"start": "00:16:34", "end": "00:16:37", "text": "volume cavern. So, I'd be watching just"}, {"start": "00:16:35", "end": "00:16:40", "text": "locally if you are trading this market"}, {"start": "00:16:37", "end": "00:16:42", "text": "kind of with leverage uh around 88K for"}, {"start": "00:16:40", "end": "00:16:43", "text": "a little bit of turbulence, right? There"}, {"start": "00:16:42", "end": "00:16:46", "text": "is a little bit of turbulence, but a"}, {"start": "00:16:43", "end": "00:16:48", "text": "breach to $100,000,"}, {"start": "00:16:46", "end": "00:16:49", "text": "you're going to have people freaking out"}, {"start": "00:16:48", "end": "00:16:52", "text": "all the time cuz right now the people"}, {"start": "00:16:49", "end": "00:16:54", "text": "that are sidelined are a little quiet."}, {"start": "00:16:52", "end": "00:16:56", "text": "People that left this alone waiting for"}, {"start": "00:16:54", "end": "00:16:59", "text": "40k or 30k, they're a little quiet right"}, {"start": "00:16:56", "end": "00:17:02", "text": "now. But the moment Bitcoin just decides"}, {"start": "00:16:59", "end": "00:17:04", "text": "to go rip up to $100,000, you are going"}, {"start": "00:17:02", "end": "00:17:06", "text": "to see people freaking out on the"}, {"start": "00:17:04", "end": "00:17:07", "text": "timeline. And this is why it doesn't pay"}, {"start": "00:17:06", "end": "00:17:08", "text": "to be a bear."}, {"start": "00:17:07", "end": "00:17:10", "text": ">> Yeah. And they're going to be piling in"}, {"start": "00:17:08", "end": "00:17:13", "text": "fast, too, right? Because this level,"}, {"start": "00:17:10", "end": "00:17:15", "text": "like again, technically, we just cleared"}, {"start": "00:17:13", "end": "00:17:17", "text": "that 300 moving average, 50we, whatever."}, {"start": "00:17:15", "end": "00:17:18", "text": "I like to look at the 50week, but"}, {"start": "00:17:17", "end": "00:17:20", "text": "whatever you like to look at, we've"}, {"start": "00:17:18", "end": "00:17:22", "text": "we've cleared that. And so now it's"}, {"start": "00:17:20", "end": "00:17:24", "text": "officially official bare market over."}, {"start": "00:17:22", "end": "00:17:26", "text": "And so there's been a lot of people that"}, {"start": "00:17:24", "end": "00:17:28", "text": "even riskreward-wise like if you're big"}, {"start": "00:17:26", "end": "00:17:29", "text": "money, this is kind of your green light"}, {"start": "00:17:28", "end": "00:17:31", "text": "of like okay now we can start moving"}, {"start": "00:17:29", "end": "00:17:32", "text": "back into the market. So you're going to"}, {"start": "00:17:31", "end": "00:17:35", "text": "see I mean we're already seeing it. We"}, {"start": "00:17:32", "end": "00:17:37", "text": "went from 85 to 86 in the last hour"}, {"start": "00:17:35", "end": "00:17:39", "text": "basically since the show started or even"}, {"start": "00:17:37", "end": "00:17:40", "text": "you know really right before the show"}, {"start": "00:17:39", "end": "00:17:42", "text": "started. So that's going to I mean we"}, {"start": "00:17:40", "end": "00:17:45", "text": "might be at 87 before the end of the day"}, {"start": "00:17:42", "end": "00:17:47", "text": "today. Um and so yeah, you're going to"}, {"start": "00:17:45", "end": "00:17:48", "text": "see things absolutely rip at some point."}, {"start": "00:17:47", "end": "00:17:50", "text": "It's going to cool down. I'm getting a"}, {"start": "00:17:48", "end": "00:17:51", "text": "lot of questions already. If you have"}, {"start": "00:17:50", "end": "00:17:53", "text": "cash on the sidelines, what should you"}, {"start": "00:17:51", "end": "00:17:55", "text": "should should you be doing? How do you"}, {"start": "00:17:53", "end": "00:17:56", "text": "time entries?"}, {"start": "00:17:55", "end": "00:17:58", "text": "If you're if you have stuff on the"}, {"start": "00:17:56", "end": "00:18:01", "text": "sidelines, this is where DCAing is your"}, {"start": "00:17:58", "end": "00:18:04", "text": "friend. Um, sometimes if you're a little"}, {"start": "00:18:01", "end": "00:18:05", "text": "degenerate, I will just throw it in."}, {"start": "00:18:04", "end": "00:18:07", "text": "Like you guys, I've told you multiple"}, {"start": "00:18:05", "end": "00:18:10", "text": "times when I get new cash, I like to"}, {"start": "00:18:07", "end": "00:18:11", "text": "allocate it fairly quickly. Um, you"}, {"start": "00:18:10", "end": "00:18:13", "text": "know, but you also want to be careful"}, {"start": "00:18:11", "end": "00:18:15", "text": "buying into a pump. So, this is where,"}, {"start": "00:18:13", "end": "00:18:18", "text": "you know, a true DCA is schedulebased"}, {"start": "00:18:15", "end": "00:18:20", "text": "buying. So you say every Monday I'm"}, {"start": "00:18:18", "end": "00:18:21", "text": "going to, you know, maybe every Friday"}, {"start": "00:18:20", "end": "00:18:23", "text": "I'm going to do this or every Sunday"}, {"start": "00:18:21", "end": "00:18:24", "text": "afternoon I'm going to do that. And you"}, {"start": "00:18:23", "end": "00:18:26", "text": "pick like, you know, it could be once a"}, {"start": "00:18:24", "end": "00:18:28", "text": "week, once a month, once a day. Just"}, {"start": "00:18:26", "end": "00:18:31", "text": "depend. You can pick on like say you've"}, {"start": "00:18:28", "end": "00:18:33", "text": "got whatever you've got. I don't know. I"}, {"start": "00:18:31", "end": "00:18:36", "text": "I do really bad with these fictitious"}, {"start": "00:18:33", "end": "00:18:38", "text": "scenarios, but say you've got 20 20k"}, {"start": "00:18:36", "end": "00:18:40", "text": "that you want to get put in. Um, and you"}, {"start": "00:18:38", "end": "00:18:42", "text": "say, \"I'm going to put 2K a day in until"}, {"start": "00:18:40", "end": "00:18:44", "text": "it comes out, or I'm going to put in"}, {"start": "00:18:42", "end": "00:18:47", "text": "$5,000 a week, or however you want to do"}, {"start": "00:18:44", "end": "00:18:49", "text": "that.\" That's generally"}, {"start": "00:18:47", "end": "00:18:50", "text": "and when it's moving this fast, that's"}, {"start": "00:18:49", "end": "00:18:52", "text": "where you're going to get a blended"}, {"start": "00:18:50", "end": "00:18:54", "text": "average. It will protect you some, but"}, {"start": "00:18:52", "end": "00:18:56", "text": "or you can just wait till a pullback"}, {"start": "00:18:54", "end": "00:18:58", "text": "comes. You can wait until you get some"}, {"start": "00:18:56", "end": "00:18:59", "text": "kind of cool off, but there's no"}, {"start": "00:18:58", "end": "00:19:01", "text": "guarantees that that's going to be"}, {"start": "00:18:59", "end": "00:19:02", "text": "anytime soon. Yeah, Backpack. I've been"}, {"start": "00:19:01", "end": "00:19:04", "text": "seeing a lot of stuff about this as"}, {"start": "00:19:02", "end": "00:19:05", "text": "well. There's a lot of interesting new"}, {"start": "00:19:04", "end": "00:19:07", "text": "projects out there that could perform"}, {"start": "00:19:05", "end": "00:19:08", "text": "really well"}, {"start": "00:19:07", "end": "00:19:10", "text": ">> uh as well as the old ones. But I think"}, {"start": "00:19:08", "end": "00:19:11", "text": "again, we're going to be in a series"}, {"start": "00:19:10", "end": "00:19:13", "text": "where you can do your own research and"}, {"start": "00:19:11", "end": "00:19:15", "text": "pick your favorite coin, stack up your"}, {"start": "00:19:13", "end": "00:19:16", "text": "conviction, and you'll probably do well."}, {"start": "00:19:15", "end": "00:19:18", "text": "That's what I'm really trying to"}, {"start": "00:19:16", "end": "00:19:20", "text": "encourage people to do in school is"}, {"start": "00:19:18", "end": "00:19:22", "text": "think for themselves, not just ride on"}, {"start": "00:19:20", "end": "00:19:24", "text": "our picks. I have shared my whole, you"}, {"start": "00:19:22", "end": "00:19:28", "text": "know, like pretty much all my primary"}, {"start": "00:19:24", "end": "00:19:30", "text": "positions in there. Um, but there's so"}, {"start": "00:19:28", "end": "00:19:33", "text": "many outside of what I already hold that"}, {"start": "00:19:30", "end": "00:19:35", "text": "could could do extremely well. And"}, {"start": "00:19:33", "end": "00:19:37", "text": "backpack is one that I haven't done deep"}, {"start": "00:19:35", "end": "00:19:38", "text": "dives into, but from what I've seen so"}, {"start": "00:19:37", "end": "00:19:39", "text": "far, it's probably going to perform"}, {"start": "00:19:38", "end": "00:19:42", "text": "well."}, {"start": "00:19:39", "end": "00:19:44", "text": ">> Uh, what? Krux owes us money. No. Oh, I"}, {"start": "00:19:42", "end": "00:19:47", "text": "think that's probably made some bets."}, {"start": "00:19:44", "end": "00:19:49", "text": "Now, CIO of Bitwise is saying that this"}, {"start": "00:19:47", "end": "00:19:51", "text": "is going to be the strongest and longest"}, {"start": "00:19:49", "end": "00:19:52", "text": "running bull market in crypto history."}, {"start": "00:19:51", "end": "00:19:53", "text": "And"}, {"start": "00:19:52", "end": "00:19:54", "text": ">> I agree."}, {"start": "00:19:53", "end": "00:19:57", "text": "This is something interesting to think"}, {"start": "00:19:54", "end": "00:19:59", "text": "about because not only do we have the"}, {"start": "00:19:57", "end": "00:20:03", "text": "potential of a gold unwinding into"}, {"start": "00:19:59", "end": "00:20:06", "text": "Bitcoin digital gold, we also have AI"}, {"start": "00:20:03", "end": "00:20:09", "text": "agent and a digital X42 economy being"}, {"start": "00:20:06", "end": "00:20:10", "text": "built out right now for pay for"}, {"start": "00:20:09", "end": "00:20:14", "text": "information infrastructure on the"}, {"start": "00:20:10", "end": "00:20:16", "text": "internet and where things are going. You"}, {"start": "00:20:14", "end": "00:20:18", "text": "know, there is it. Like you said, TJ, at"}, {"start": "00:20:16", "end": "00:20:21", "text": "the beginning of the show, our current"}, {"start": "00:20:18", "end": "00:20:22", "text": "scenario is going to be a little bit"}, {"start": "00:20:21", "end": "00:20:25", "text": "difficult to know where the true top of"}, {"start": "00:20:22", "end": "00:20:28", "text": "the altcoin sector really sits. It spent"}, {"start": "00:20:25", "end": "00:20:31", "text": "so long being battered. And this circled"}, {"start": "00:20:28", "end": "00:20:36", "text": "part right here on the others to Bitcoin"}, {"start": "00:20:31", "end": "00:20:39", "text": "chart is when Bitcoin hit $126,000."}, {"start": "00:20:36", "end": "00:20:42", "text": "So, these altcoins are very, very"}, {"start": "00:20:39", "end": "00:20:43", "text": "suppressed. And you know the real thing"}, {"start": "00:20:42", "end": "00:20:46", "text": "is about which altcoins are going to"}, {"start": "00:20:43", "end": "00:20:48", "text": "outpace the others. Uh thought that was"}, {"start": "00:20:46", "end": "00:20:50", "text": "John Stamos for a second. Shout wasn't"}, {"start": "00:20:48", "end": "00:20:52", "text": "that uh what was that show is like Bob"}, {"start": "00:20:50", "end": "00:20:53", "text": "Saget and John Stamos."}, {"start": "00:20:52", "end": "00:20:54", "text": ">> Full House. You're talking about Full"}, {"start": "00:20:53", "end": "00:20:54", "text": "House."}, {"start": "00:20:54", "end": "00:20:56", "text": ">> That was a good show."}, {"start": "00:20:54", "end": "00:20:57", "text": ">> How could you forget that? American"}, {"start": "00:20:56", "end": "00:20:57", "text": "classic."}, {"start": "00:20:57", "end": "00:21:00", "text": ">> I was I was young"}, {"start": "00:20:57", "end": "00:21:02", "text": ">> back when TV was wholesome."}, {"start": "00:21:00", "end": "00:21:05", "text": ">> Yeah."}, {"start": "00:21:02", "end": "00:21:07", "text": ">> Oh lord. Shout out to John Stamos now."}, {"start": "00:21:05", "end": "00:21:09", "text": "Um yes, we are so back. This is what"}, {"start": "00:21:07", "end": "00:21:11", "text": "happened over the weekend and we didn't"}, {"start": "00:21:09", "end": "00:21:14", "text": "blink at this. This is one of the"}, {"start": "00:21:11", "end": "00:21:16", "text": "largest oil refineries in Moscow uh got"}, {"start": "00:21:14", "end": "00:21:19", "text": "hit. This is what all those emergency"}, {"start": "00:21:16", "end": "00:21:21", "text": "meetings with Trump and you know bivby"}, {"start": "00:21:19", "end": "00:21:24", "text": "all the all the bigs of the war were"}, {"start": "00:21:21", "end": "00:21:26", "text": "being pulled in for an emergency"}, {"start": "00:21:24", "end": "00:21:28", "text": "situation. This was what ended up being"}, {"start": "00:21:26", "end": "00:21:32", "text": "the emergency situation. Bitcoin and the"}, {"start": "00:21:28", "end": "00:21:34", "text": "crypto market did not blink. And now we"}, {"start": "00:21:32", "end": "00:21:37", "text": "have a feel I kind of feel like I'm"}, {"start": "00:21:34", "end": "00:21:39", "text": "living in a simulation. Uh this is Logan"}, {"start": "00:21:37", "end": "00:21:42", "text": "Paul meeting up with Treasury Secretary"}, {"start": "00:21:39", "end": "00:21:44", "text": "Scott Bent. Very similar."}, {"start": "00:21:42", "end": "00:21:45", "text": ">> This is incredible. I mean the likeness"}, {"start": "00:21:44", "end": "00:21:48", "text": "is the same. Michael Scott and his old"}, {"start": "00:21:45", "end": "00:21:51", "text": "boss Dunder Mifflin and Logan Paul and"}, {"start": "00:21:48", "end": "00:21:52", "text": "Treasury Secretary Scott Basset. And did"}, {"start": "00:21:51", "end": "00:21:54", "text": "you mention something about the Treasury"}, {"start": "00:21:52", "end": "00:21:56", "text": "buybacks are getting even bigger than"}, {"start": "00:21:54", "end": "00:21:58", "text": "what they were mentioning earlier?"}, {"start": "00:21:56", "end": "00:22:00", "text": ">> I did see that. Let me see if I can find"}, {"start": "00:21:58", "end": "00:22:03", "text": "I don't have the exact details in front"}, {"start": "00:22:00", "end": "00:22:05", "text": "of me, but I did see this. uh percent"}, {"start": "00:22:03", "end": "00:22:07", "text": "just raised the buyback size as we're in"}, {"start": "00:22:05", "end": "00:22:10", "text": "an illlquid period. I mean again we're"}, {"start": "00:22:07", "end": "00:22:12", "text": "going to see this is going to continue"}, {"start": "00:22:10", "end": "00:22:14", "text": "the amount I I have to go do more"}, {"start": "00:22:12", "end": "00:22:16", "text": "digging on this to to get exact figures"}, {"start": "00:22:14", "end": "00:22:18", "text": "but I I think the main reason the"}, {"start": "00:22:16", "end": "00:22:20", "text": "Treasury is pumped up sitting on cash"}, {"start": "00:22:18", "end": "00:22:21", "text": "right now is going to be deploy it."}, {"start": "00:22:20", "end": "00:22:23", "text": "They're not just going to hold it. Uh"}, {"start": "00:22:21", "end": "00:22:24", "text": "the Fed is going to continue to you know"}, {"start": "00:22:23", "end": "00:22:27", "text": "raise their balance sheet at some point"}, {"start": "00:22:24", "end": "00:22:29", "text": "and it all comes down to liquidity."}, {"start": "00:22:27", "end": "00:22:32", "text": "That's what drives this whole system."}, {"start": "00:22:29", "end": "00:22:33", "text": "And they are setting up they're they're"}, {"start": "00:22:32", "end": "00:22:34", "text": "getting comfortable with higher rates"}, {"start": "00:22:33", "end": "00:22:35", "text": "and higher interest payments. And the"}, {"start": "00:22:34", "end": "00:22:37", "text": "way they're going to make those payments"}, {"start": "00:22:35", "end": "00:22:39", "text": "is through printing money, which again"}, {"start": "00:22:37", "end": "00:22:40", "text": "is what's going to send all of this"}, {"start": "00:22:39", "end": "00:22:41", "text": "stuff. So"}, {"start": "00:22:40", "end": "00:22:43", "text": ">> yeah."}, {"start": "00:22:41", "end": "00:22:46", "text": ">> Um and and as you said, we are doing"}, {"start": "00:22:43", "end": "00:22:49", "text": "this with absolute chaos out in the"}, {"start": "00:22:46", "end": "00:22:52", "text": "world right now. And so"}, {"start": "00:22:49", "end": "00:22:55", "text": ">> if at if at any point any of this stuff"}, {"start": "00:22:52", "end": "00:22:56", "text": "changes for the better in the slightest,"}, {"start": "00:22:55", "end": "00:22:58", "text": "it's just all this stuff is going to"}, {"start": "00:22:56", "end": "00:23:00", "text": "send. If we move, you know, if oil"}, {"start": "00:22:58", "end": "00:23:02", "text": "starts to come down or any of that"}, {"start": "00:23:00", "end": "00:23:04", "text": "diesel, obviously like you could argue"}, {"start": "00:23:02", "end": "00:23:06", "text": "this is a manufactured energy crisis"}, {"start": "00:23:04", "end": "00:23:08", "text": "that they're going to uh again use as an"}, {"start": "00:23:06", "end": "00:23:10", "text": "excuse to print money and then all of a"}, {"start": "00:23:08", "end": "00:23:11", "text": "sudden it's a crisis is gone. Hey, look"}, {"start": "00:23:10", "end": "00:23:13", "text": "at that. You know, but uh"}, {"start": "00:23:11", "end": "00:23:15", "text": ">> you said it. I didn't. And you're"}, {"start": "00:23:13", "end": "00:23:16", "text": "reading my mind. And you know what?"}, {"start": "00:23:15", "end": "00:23:18", "text": "Let's put some pieces of the puzzle"}, {"start": "00:23:16", "end": "00:23:22", "text": "together real quick. The result of an"}, {"start": "00:23:18", "end": "00:23:25", "text": "energy crisis is now everyone and their"}, {"start": "00:23:22", "end": "00:23:28", "text": "wives are wanting Tesla vehicles. Months"}, {"start": "00:23:25", "end": "00:23:30", "text": "after Elon Musk was working right next"}, {"start": "00:23:28", "end": "00:23:32", "text": "to Donald Trump, all of a sudden we're"}, {"start": "00:23:30", "end": "00:23:35", "text": "in an energy crisis and the hottest"}, {"start": "00:23:32", "end": "00:23:39", "text": "ticket item right now is a Tesla, an"}, {"start": "00:23:35", "end": "00:23:41", "text": "electric vehicle thesis anti-thesis"}, {"start": "00:23:39", "end": "00:23:43", "text": "solution. That's all I'll say. Don't"}, {"start": "00:23:41", "end": "00:23:46", "text": "want to get uh targeted or whatever and"}, {"start": "00:23:43", "end": "00:23:48", "text": "I love being alive. Okay, so that's all"}, {"start": "00:23:46", "end": "00:23:50", "text": "I'm going to say. You guys can put the"}, {"start": "00:23:48", "end": "00:23:52", "text": "pieces together as you may. Now, Trump"}, {"start": "00:23:50", "end": "00:23:55", "text": "has also entered an agreement to get"}, {"start": "00:23:52", "end": "00:23:58", "text": "Denmark and Greenland uh for US"}, {"start": "00:23:55", "end": "00:24:00", "text": "permanent control of security and other"}, {"start": "00:23:58", "end": "00:24:02", "text": "needs in Greenland. So, we did it. We"}, {"start": "00:24:00", "end": "00:24:04", "text": "knew and I knew that this was what was"}, {"start": "00:24:02", "end": "00:24:06", "text": "happening is Trump was talking so much"}, {"start": "00:24:04", "end": "00:24:08", "text": "trash about Greenland and lack of"}, {"start": "00:24:06", "end": "00:24:11", "text": "security there. They're like, \"Okay,"}, {"start": "00:24:08", "end": "00:24:14", "text": "stop. You don't send $100,000 to each"}, {"start": "00:24:11", "end": "00:24:17", "text": "citizen. Instead, we'll give you what"}, {"start": "00:24:14", "end": "00:24:17", "text": "you want and you shut up. Uh, what is"}, {"start": "00:24:17", "end": "00:24:18", "text": "this?"}, {"start": "00:24:17", "end": "00:24:20", "text": ">> This is the build. I was just going to"}, {"start": "00:24:18", "end": "00:24:22", "text": "let this play while you're trying. This"}, {"start": "00:24:20", "end": "00:24:23", "text": "is build Greenland, you know."}, {"start": "00:24:22", "end": "00:24:24", "text": ">> Exactly."}, {"start": "00:24:23", "end": "00:24:26", "text": ">> New new AI game."}, {"start": "00:24:24", "end": "00:24:28", "text": ">> Yeah, because Greenland, I'm sure the"}, {"start": "00:24:26", "end": "00:24:30", "text": "people are like, \"Yeah, I want $100,000"}, {"start": "00:24:28", "end": "00:24:32", "text": "in US currency. Like, bring it on. Like,"}, {"start": "00:24:30", "end": "00:24:35", "text": "bring your aircraft carriers up here. I"}, {"start": "00:24:32", "end": "00:24:38", "text": "don't care.\" Um, Greenland probably just"}, {"start": "00:24:35", "end": "00:24:40", "text": "wanted Trump to be quiet. They were"}, {"start": "00:24:38", "end": "00:24:42", "text": "working on this deal regardless in the"}, {"start": "00:24:40", "end": "00:24:45", "text": "background. And you know, for anyone"}, {"start": "00:24:42", "end": "00:24:47", "text": "that's played risk, it was an obvious"}, {"start": "00:24:45", "end": "00:24:48", "text": "play. It was an obvious play for anyone"}, {"start": "00:24:47", "end": "00:24:51", "text": "that's played risk in the old school"}, {"start": "00:24:48", "end": "00:24:54", "text": "times. Uh you need Greenland. You need"}, {"start": "00:24:51", "end": "00:24:56", "text": "to control that polar movement. Now,"}, {"start": "00:24:54", "end": "00:24:58", "text": "this is uh what Elon's kind of talking"}, {"start": "00:24:56", "end": "00:25:03", "text": "about in the future is moving us towards"}, {"start": "00:24:58", "end": "00:25:07", "text": "this uh robot utopia of AI, robots, and"}, {"start": "00:25:03", "end": "00:25:08", "text": "things flying in the air."}, {"start": "00:25:07", "end": "00:25:12", "text": "I"}, {"start": "00:25:08", "end": "00:25:16", "text": "I hate to bet against Elon Musk. Welcome"}, {"start": "00:25:12", "end": "00:25:18", "text": "to Costco. I love you. God. Oh man. I"}, {"start": "00:25:16", "end": "00:25:22", "text": "went to Costco. Well, actually, I didn't"}, {"start": "00:25:18", "end": "00:25:24", "text": "go to Costco. My wife went to Costco."}, {"start": "00:25:22", "end": "00:25:24", "text": "You want to guess, TJ? You want to"}, {"start": "00:25:24", "end": "00:25:25", "text": "guess?"}, {"start": "00:25:24", "end": "00:25:26", "text": ">> Oh, the bill."}, {"start": "00:25:25", "end": "00:25:28", "text": ">> Yeah."}, {"start": "00:25:26", "end": "00:25:30", "text": ">> How long How many What was the the haul?"}, {"start": "00:25:28", "end": "00:25:31", "text": "Was it for like a month?"}, {"start": "00:25:30", "end": "00:25:34", "text": ">> Week and a half."}, {"start": "00:25:31", "end": "00:25:36", "text": ">> Week and a half. You can have"}, {"start": "00:25:34", "end": "00:25:38", "text": ">> a"}, {"start": "00:25:36", "end": "00:25:40", "text": "6 to800"}, {"start": "00:25:38", "end": "00:25:42", "text": ">> 850. I was going to say 800. Dang, I"}, {"start": "00:25:40", "end": "00:25:44", "text": "should have just stuck with my gut."}, {"start": "00:25:42", "end": "00:25:46", "text": ">> That's And when I was growing up, I was"}, {"start": "00:25:44", "end": "00:25:49", "text": "like, man, my first car was $600 and the"}, {"start": "00:25:46", "end": "00:25:53", "text": "next car is $1,000. I was imagining that"}, {"start": "00:25:49", "end": "00:25:55", "text": "I was going to pay $800 for a couple"}, {"start": "00:25:53", "end": "00:25:57", "text": "weeks of groceries, you know, like that"}, {"start": "00:25:55", "end": "00:25:58", "text": "is absolutely nuts."}, {"start": "00:25:57", "end": "00:26:00", "text": ">> We're turning into boomers. I was"}, {"start": "00:25:58", "end": "00:26:02", "text": "literally saying something to that about"}, {"start": "00:26:00", "end": "00:26:05", "text": "something my I'm like that's like what a"}, {"start": "00:26:02", "end": "00:26:07", "text": "a car costs not like a weekend trip like"}, {"start": "00:26:05", "end": "00:26:08", "text": "what where what is going on you know"}, {"start": "00:26:07", "end": "00:26:11", "text": "like"}, {"start": "00:26:08", "end": "00:26:12", "text": ">> so nuts but I got it unloaded very"}, {"start": "00:26:11", "end": "00:26:15", "text": "quickly record time I'm training the"}, {"start": "00:26:12", "end": "00:26:17", "text": "kids up and also you know I do want the"}, {"start": "00:26:15", "end": "00:26:18", "text": "chat's uh opinion about something so"}, {"start": "00:26:17", "end": "00:26:20", "text": "obviously I wanted to cover this real"}, {"start": "00:26:18", "end": "00:26:21", "text": "quick diamonds are falling off of cliffs"}, {"start": "00:26:20", "end": "00:26:23", "text": "and theft diamonds has been a"}, {"start": "00:26:21", "end": "00:26:28", "text": "long-standing thesis but I want the chat"}, {"start": "00:26:23", "end": "00:26:29", "text": "to let me know what you think okay So,"}, {"start": "00:26:28", "end": "00:26:34", "text": "and I posted a little bit of stuff."}, {"start": "00:26:29", "end": "00:26:38", "text": "Okay, I This is not a strike. This The"}, {"start": "00:26:34", "end": "00:26:41", "text": "bases were loaded. Two outs. Bases were"}, {"start": "00:26:38", "end": "00:26:44", "text": "loaded. Score was five to three. He was"}, {"start": "00:26:41", "end": "00:26:48", "text": "down. His team was at three. Bases were"}, {"start": "00:26:44", "end": "00:26:51", "text": "loaded. Two outs. The the UP called this"}, {"start": "00:26:48", "end": "00:26:53", "text": "a strike. And then he goes into the"}, {"start": "00:26:51", "end": "00:26:54", "text": "dugout. He's like, \"That wasn't a"}, {"start": "00:26:53", "end": "00:26:56", "text": "strike.\" The coach like, \"Yes, it was."}, {"start": "00:26:54", "end": "00:26:58", "text": "GET READY. THAT WAS NOT A STRIKE.\" I"}, {"start": "00:26:56", "end": "00:27:00", "text": "SENT A MESSAGE TO the coach. He hasn't"}, {"start": "00:26:58", "end": "00:27:02", "text": "responded. This world is a scam"}, {"start": "00:27:00", "end": "00:27:04", "text": "sometimes. I hopefully he sees this"}, {"start": "00:27:02", "end": "00:27:06", "text": "message and everyone can see chat. Is"}, {"start": "00:27:04", "end": "00:27:07", "text": "this a strike or not? Okay. I mean, this"}, {"start": "00:27:06", "end": "00:27:09", "text": "is at"}, {"start": "00:27:07", "end": "00:27:10", "text": ">> like neck level right there."}, {"start": "00:27:09", "end": "00:27:11", "text": ">> This is ridiculous."}, {"start": "00:27:10", "end": "00:27:12", "text": ">> That's like right here. Yeah."}, {"start": "00:27:11", "end": "00:27:13", "text": ">> This is ridiculous. So,"}, {"start": "00:27:12", "end": "00:27:14", "text": ">> I don't even play baseball. I can say"}, {"start": "00:27:13", "end": "00:27:16", "text": "that's not a strike, but"}, {"start": "00:27:14", "end": "00:27:19", "text": ">> hiding inside. He had to This was him"}, {"start": "00:27:16", "end": "00:27:21", "text": "backing away from the ball, you know,"}, {"start": "00:27:19", "end": "00:27:23", "text": "just absolutely ridiculous. This is just"}, {"start": "00:27:21", "end": "00:27:25", "text": "dad's stuff. This is dad's stuff. Now,"}, {"start": "00:27:23", "end": "00:27:26", "text": "let's get into the altcoin sector. I'm"}, {"start": "00:27:25", "end": "00:27:28", "text": "sorry. I'm just a little heated. Like I"}, {"start": "00:27:26", "end": "00:27:32", "text": "know I'm going into a super cycle, but I"}, {"start": "00:27:28", "end": "00:27:34", "text": "couldn't sleep because of this. Now,"}, {"start": "00:27:32", "end": "00:27:37", "text": "crypto watch list for the week ahead. A"}, {"start": "00:27:34", "end": "00:27:40", "text": "Tokconomics 3.0 will be announced soon"}, {"start": "00:27:37", "end": "00:27:42", "text": "per the A founder. Avalanche with"}, {"start": "00:27:40", "end": "00:27:45", "text": "Helicon Network upgrade is about to go"}, {"start": "00:27:42", "end": "00:27:47", "text": "live September 22nd. Tomorrow, Backpack"}, {"start": "00:27:45", "end": "00:27:48", "text": "is about to release the most important"}, {"start": "00:27:47", "end": "00:27:50", "text": "product launch of the year. According to"}, {"start": "00:27:48", "end": "00:27:52", "text": "Kyle Samani,"}, {"start": "00:27:50", "end": "00:27:54", "text": "Jumper is going to make a big"}, {"start": "00:27:52", "end": "00:27:56", "text": "announcement. Pancake Swap is making a"}, {"start": "00:27:54", "end": "00:27:58", "text": "pre-acess portal. I don't really know"}, {"start": "00:27:56", "end": "00:28:00", "text": "about Pancake or Cake, the token. I"}, {"start": "00:27:58", "end": "00:28:02", "text": "might have to go back into it and see if"}, {"start": "00:28:00", "end": "00:28:04", "text": "there's something tangible there. Uh,"}, {"start": "00:28:02", "end": "00:28:06", "text": "but also Injective Meridian mainet"}, {"start": "00:28:04", "end": "00:28:09", "text": "upgrade is coming up and enabling"}, {"start": "00:28:06", "end": "00:28:10", "text": "institutional grade RWA issuance."}, {"start": "00:28:09", "end": "00:28:13", "text": "Injective"}, {"start": "00:28:10", "end": "00:28:16", "text": "making a stab at the RWA infrastructure"}, {"start": "00:28:13", "end": "00:28:18", "text": "there, TJ. So, I don't know. I was"}, {"start": "00:28:16", "end": "00:28:20", "text": "looking at Injective just generally"}, {"start": "00:28:18", "end": "00:28:22", "text": "because of the chart the last few months"}, {"start": "00:28:20", "end": "00:28:24", "text": "here. They had caught my eye."}, {"start": "00:28:22", "end": "00:28:26", "text": ">> Um, they're making a little stab at the"}, {"start": "00:28:24", "end": "00:28:28", "text": "RWA narrative, which is"}, {"start": "00:28:26", "end": "00:28:29", "text": ">> Yeah, it's interesting. Avalanche 2,"}, {"start": "00:28:28", "end": "00:28:31", "text": "I've got we've got some stuff, you know,"}, {"start": "00:28:29", "end": "00:28:33", "text": "obviously Avalanche just can finish"}, {"start": "00:28:31", "end": "00:28:34", "text": "their big uh conference and they're"}, {"start": "00:28:33", "end": "00:28:38", "text": "making a a bid at some of this stuff."}, {"start": "00:28:34", "end": "00:28:40", "text": "So, Injective and Avac 2, I still hold"}, {"start": "00:28:38", "end": "00:28:42", "text": "not necessarily substantial positions,"}, {"start": "00:28:40", "end": "00:28:45", "text": "but still part of the portfolio. Uh,"}, {"start": "00:28:42", "end": "00:28:46", "text": "both, you know, Injective, especially as"}, {"start": "00:28:45", "end": "00:28:48", "text": "it's a little bit lower market cap,"}, {"start": "00:28:46", "end": "00:28:50", "text": "could definitely make a pretty big run."}, {"start": "00:28:48", "end": "00:28:52", "text": "RWA"}, {"start": "00:28:50", "end": "00:28:54", "text": "I think is going to be a relevant part"}, {"start": "00:28:52", "end": "00:28:56", "text": "of this cycle, but it's probably in the"}, {"start": "00:28:54", "end": "00:28:59", "text": "third or fourth seat. You know, I put it"}, {"start": "00:28:56", "end": "00:29:04", "text": "close to I I still think AI clearly"}, {"start": "00:28:59", "end": "00:29:06", "text": "number one. DeFi is clearly the actual"}, {"start": "00:29:04", "end": "00:29:08", "text": "product that money is attracted to. It's"}, {"start": "00:29:06", "end": "00:29:11", "text": "actually working. Uh and then you're"}, {"start": "00:29:08", "end": "00:29:13", "text": "going to start to behind DeFi and AI, I"}, {"start": "00:29:11", "end": "00:29:17", "text": "think you'll start to see privacy and"}, {"start": "00:29:13", "end": "00:29:18", "text": "RWA slide in there. Um, so it'll be"}, {"start": "00:29:17", "end": "00:29:20", "text": "interesting and that's part again part"}, {"start": "00:29:18", "end": "00:29:23", "text": "of why I love Near is it kind of checks"}, {"start": "00:29:20", "end": "00:29:24", "text": "all of those boxes. But yeah, Avalanche,"}, {"start": "00:29:23", "end": "00:29:27", "text": "Injective, Backpack, all on that list."}, {"start": "00:29:24", "end": "00:29:28", "text": "Obviously, I I'm already in a some of"}, {"start": "00:29:27", "end": "00:29:32", "text": "the other ones they mentioned. I'm"}, {"start": "00:29:28", "end": "00:29:35", "text": "staying away from like BNB and Pancake"}, {"start": "00:29:32", "end": "00:29:37", "text": "Swap and kind of that sector for now. I"}, {"start": "00:29:35", "end": "00:29:39", "text": "mean, it does feel very east versus west"}, {"start": "00:29:37", "end": "00:29:43", "text": "and, you know, I'm kind of on the west"}, {"start": "00:29:39", "end": "00:29:47", "text": "coast side of those things. So um I you"}, {"start": "00:29:43", "end": "00:29:49", "text": "know B&B and Cake live and die with"}, {"start": "00:29:47", "end": "00:29:51", "text": "Binance right like they are you know"}, {"start": "00:29:49", "end": "00:29:53", "text": "which again you know very very"}, {"start": "00:29:51", "end": "00:29:54", "text": "substantial player in the room not to"}, {"start": "00:29:53", "end": "00:29:58", "text": "I'm not trying to fade them I'm just"}, {"start": "00:29:54", "end": "00:30:01", "text": "saying I see DeFi and decentralization"}, {"start": "00:29:58", "end": "00:30:02", "text": "being the play over time and just slowly"}, {"start": "00:30:01", "end": "00:30:06", "text": "eating away at the market share of the"}, {"start": "00:30:02", "end": "00:30:08", "text": "Binances of the world. So um that's why"}, {"start": "00:30:06", "end": "00:30:10", "text": "I'm moving more towards uh you know kind"}, {"start": "00:30:08", "end": "00:30:12", "text": "of US DeFi. So"}, {"start": "00:30:10", "end": "00:30:14", "text": ">> that's where all the money and liquidity"}, {"start": "00:30:12", "end": "00:30:17", "text": "is. I think it's it's been kind of on"}, {"start": "00:30:14", "end": "00:30:18", "text": "the peripheral right now because of the"}, {"start": "00:30:17", "end": "00:30:20", "text": "regulatory landscape, but now that we've"}, {"start": "00:30:18", "end": "00:30:21", "text": "gotten a green light, I think we're"}, {"start": "00:30:20", "end": "00:30:22", "text": "going to start to see a lot of those"}, {"start": "00:30:21", "end": "00:30:25", "text": "things really take off."}, {"start": "00:30:22", "end": "00:30:28", "text": ">> Right. Well, now the king of, you know,"}, {"start": "00:30:25", "end": "00:30:31", "text": "the altcoin sector is Ethereum. And we"}, {"start": "00:30:28", "end": "00:30:34", "text": "get a uh, you know, a little bit of"}, {"start": "00:30:31", "end": "00:30:35", "text": "headwind here shortly at around $3,000,"}, {"start": "00:30:34", "end": "00:30:37", "text": "the midpoint of this channel. But I'm"}, {"start": "00:30:35", "end": "00:30:38", "text": "just going to get to get rid of this"}, {"start": "00:30:37", "end": "00:30:41", "text": "because I want to look at the money flow"}, {"start": "00:30:38", "end": "00:30:43", "text": "and see how much action is left in the"}, {"start": "00:30:41", "end": "00:30:46", "text": "tank in terms of this pump to the upside"}, {"start": "00:30:43", "end": "00:30:49", "text": "because it's been a very very hard move"}, {"start": "00:30:46", "end": "00:30:51", "text": "from the green fine. I'm okay with this"}, {"start": "00:30:49", "end": "00:30:54", "text": "kind of entry point green box that I put"}, {"start": "00:30:51", "end": "00:30:56", "text": "out here a couple months ago. And this"}, {"start": "00:30:54", "end": "00:30:59", "text": "is just developed from old school volume"}, {"start": "00:30:56", "end": "00:31:02", "text": "data, previous all-time high here in"}, {"start": "00:30:59", "end": "00:31:04", "text": "2018. Stumble point in 2021 and January"}, {"start": "00:31:02", "end": "00:31:07", "text": "and a point of support proven in August"}, {"start": "00:31:04", "end": "00:31:10", "text": "of 2022. Ethereum returned back home as"}, {"start": "00:31:07", "end": "00:31:14", "text": "Benjamin Ken would say to that level"}, {"start": "00:31:10", "end": "00:31:16", "text": "here in March 2025 and again in June."}, {"start": "00:31:14", "end": "00:31:18", "text": "Now we've pumped very very aggressively."}, {"start": "00:31:16", "end": "00:31:22", "text": "And honestly, this is setting up it"}, {"start": "00:31:18", "end": "00:31:24", "text": "almost feels like one of the more uh"}, {"start": "00:31:22", "end": "00:31:27", "text": "aggressive swooping patterns that I've"}, {"start": "00:31:24", "end": "00:31:31", "text": "seen on Ethereum since here in September"}, {"start": "00:31:27", "end": "00:31:33", "text": "2020. So when I'm watching this, the"}, {"start": "00:31:31", "end": "00:31:35", "text": "main points of uh resistance that we got"}, {"start": "00:31:33", "end": "00:31:39", "text": "to watch out for on Ethereum, as I said,"}, {"start": "00:31:35", "end": "00:31:41", "text": "right about $3,000 proper, there is not"}, {"start": "00:31:39", "end": "00:31:44", "text": "much volume that's happened above"}, {"start": "00:31:41", "end": "00:31:47", "text": "$3,000. They've been short-lived pumps."}, {"start": "00:31:44", "end": "00:31:49", "text": "And you know, Ethereum over the course"}, {"start": "00:31:47", "end": "00:31:50", "text": "of the next few years, it's hard to tell"}, {"start": "00:31:49", "end": "00:31:53", "text": "exactly where the top's going to be for"}, {"start": "00:31:50", "end": "00:31:55", "text": "it. But as far as how much gas we have"}, {"start": "00:31:53", "end": "00:31:57", "text": "in the tank, again, we're not even in"}, {"start": "00:31:55", "end": "00:32:00", "text": "the green. Money flow here on the weekly"}, {"start": "00:31:57", "end": "00:32:03", "text": "time frame. You're getting that. Hey,"}, {"start": "00:32:00", "end": "00:32:05", "text": "remember remember when I said this, when"}, {"start": "00:32:03", "end": "00:32:07", "text": "you start to get out of a a bare market,"}, {"start": "00:32:05", "end": "00:32:10", "text": "you set this coiling pattern and the"}, {"start": "00:32:07", "end": "00:32:12", "text": "frequency gets tighter and tighter. that"}, {"start": "00:32:10", "end": "00:32:14", "text": "is absolutely playing out on the weekly"}, {"start": "00:32:12", "end": "00:32:15", "text": "time frame as well. And I do want to go"}, {"start": "00:32:14", "end": "00:32:18", "text": "check out Ethereum to Bitcoin. Let's"}, {"start": "00:32:15", "end": "00:32:20", "text": "check this out. Yo yo yo sent the Piper"}, {"start": "00:32:18", "end": "00:32:22", "text": "Insiders over today. Shout out to you,"}, {"start": "00:32:20", "end": "00:32:24", "text": "Army Piper. Try I caught a little bit of"}, {"start": "00:32:22", "end": "00:32:26", "text": "a show this morning as I was sitting"}, {"start": "00:32:24", "end": "00:32:27", "text": "here doing my stuff. Um, shout out to"}, {"start": "00:32:26", "end": "00:32:28", "text": "you, man. Now, let's look at ETH to"}, {"start": "00:32:27", "end": "00:32:32", "text": "Bitcoin."}, {"start": "00:32:28", "end": "00:32:35", "text": "Um, let's see here. So,"}, {"start": "00:32:32", "end": "00:32:37", "text": "oh my gosh. Yeah, this is absolutely"}, {"start": "00:32:35", "end": "00:32:39", "text": "insane. So, the coiling up pattern is"}, {"start": "00:32:37", "end": "00:32:41", "text": "just starting up on the Ethereum to"}, {"start": "00:32:39", "end": "00:32:44", "text": "Bitcoin pair. Uh, and this is the chart"}, {"start": "00:32:41", "end": "00:32:47", "text": "that helped me catch those extreme"}, {"start": "00:32:44", "end": "00:32:50", "text": "guttural lows on the altcoin sector a"}, {"start": "00:32:47", "end": "00:32:53", "text": "couple months ago. Just noticing how uh"}, {"start": "00:32:50", "end": "00:32:55", "text": "sharply to the upside this money flow is"}, {"start": "00:32:53", "end": "00:32:57", "text": "angling itself after nearly 1500 days in"}, {"start": "00:32:55", "end": "00:32:59", "text": "pain. That is playing out to a big"}, {"start": "00:32:57", "end": "00:33:01", "text": "degree, man."}, {"start": "00:32:59", "end": "00:33:02", "text": ">> Um, really glad that I thought outside"}, {"start": "00:33:01", "end": "00:33:05", "text": "of the box a couple months ago about"}, {"start": "00:33:02", "end": "00:33:06", "text": "this altcoin sector, right? because I"}, {"start": "00:33:05", "end": "00:33:09", "text": "was surrounded by people that were just"}, {"start": "00:33:06", "end": "00:33:10", "text": "sure alts in and of themselves were"}, {"start": "00:33:09", "end": "00:33:11", "text": "going to zero."}, {"start": "00:33:10", "end": "00:33:13", "text": ">> And"}, {"start": "00:33:11", "end": "00:33:14", "text": ">> no, I mean, you you did you put yourself"}, {"start": "00:33:13", "end": "00:33:16", "text": "out there on a limb saying you think"}, {"start": "00:33:14", "end": "00:33:17", "text": "we're going to see alt season much"}, {"start": "00:33:16", "end": "00:33:18", "text": "earlier based on the data you were"}, {"start": "00:33:17", "end": "00:33:21", "text": "looking at, and that's proven to be"}, {"start": "00:33:18", "end": "00:33:22", "text": "true. This chart right here, I love the"}, {"start": "00:33:21", "end": "00:33:25", "text": "Ethereum Bitcoin chart. This is"}, {"start": "00:33:22", "end": "00:33:27", "text": "effectively what our core DeFi strategy"}, {"start": "00:33:25", "end": "00:33:29", "text": "is built off of,"}, {"start": "00:33:27", "end": "00:33:31", "text": ">> uh, where we're basically trading this"}, {"start": "00:33:29", "end": "00:33:33", "text": "ETH BTC chart and generating, you know,"}, {"start": "00:33:31", "end": "00:33:34", "text": "it's a correlated concentrated liquidity"}, {"start": "00:33:33", "end": "00:33:37", "text": "pair. So, we're earning a lot of fees on"}, {"start": "00:33:34", "end": "00:33:39", "text": "ETH BTC, but also anytime ETH"}, {"start": "00:33:37", "end": "00:33:41", "text": "outperforms, which like you can see it"}, {"start": "00:33:39", "end": "00:33:43", "text": "has been doing recently, we can really"}, {"start": "00:33:41", "end": "00:33:44", "text": "capture that divergence to the upside."}, {"start": "00:33:43", "end": "00:33:46", "text": "Yeah."}, {"start": "00:33:44", "end": "00:33:48", "text": ">> Uh and it and it's, you know, again, it"}, {"start": "00:33:46", "end": "00:33:50", "text": "basically nets us more Bitcoin"}, {"start": "00:33:48", "end": "00:33:52", "text": "continually like and we're starting to"}, {"start": "00:33:50", "end": "00:33:53", "text": "get in now that the volume is coming"}, {"start": "00:33:52", "end": "00:33:56", "text": "back and some numbers, we're getting"}, {"start": "00:33:53", "end": "00:33:59", "text": "into some of those crazy, you know, 30"}, {"start": "00:33:56", "end": "00:34:02", "text": "$40,000 in fees getting generated. So,"}, {"start": "00:33:59", "end": "00:34:03", "text": "it's uh it's it's a fun time. It's a fun"}, {"start": "00:34:02", "end": "00:34:05", "text": "time."}, {"start": "00:34:03", "end": "00:34:10", "text": ">> Well, TJ, for this chart, look at the"}, {"start": "00:34:05", "end": "00:34:12", "text": "lack of resistance between us and the"}, {"start": "00:34:10", "end": "00:34:12", "text": "move to.56,"}, {"start": "00:34:12", "end": "00:34:13", "text": "dude."}, {"start": "00:34:12", "end": "00:34:16", "text": ">> Much much higher. Yeah."}, {"start": "00:34:13", "end": "00:34:18", "text": ">> Oh my gosh. Like the fact that this"}, {"start": "00:34:16", "end": "00:34:21", "text": "volume cavern exists,"}, {"start": "00:34:18", "end": "00:34:23", "text": "like we could easily we could easily"}, {"start": "00:34:21", "end": "00:34:26", "text": "come back up to this trend line during"}, {"start": "00:34:23", "end": "00:34:29", "text": "the course of this bull market. But the"}, {"start": "00:34:26", "end": "00:34:31", "text": "amount of time that Ethereum has been"}, {"start": "00:34:29", "end": "00:34:33", "text": "battered down against Bitcoin, but yet"}, {"start": "00:34:31", "end": "00:34:36", "text": "proven as a useful and integral part of"}, {"start": "00:34:33", "end": "00:34:37", "text": "DeFi and really crypto as a whole and"}, {"start": "00:34:36", "end": "00:34:41", "text": "smart contracts."}, {"start": "00:34:37", "end": "00:34:45", "text": "I mean, if we come back up to even this"}, {"start": "00:34:41", "end": "00:34:46", "text": "7 mark, lower high metrics on a lot of"}, {"start": "00:34:45", "end": "00:34:48", "text": "the strong altcoins are going to be"}, {"start": "00:34:46", "end": "00:34:52", "text": "broken like and that is going to be a"}, {"start": "00:34:48", "end": "00:34:55", "text": "shock and a type uh moment for the"}, {"start": "00:34:52", "end": "00:34:57", "text": "altcoin sector. If we see that Ethereum"}, {"start": "00:34:55", "end": "00:34:59", "text": "able to punch through because of that"}, {"start": "00:34:57", "end": "00:35:02", "text": "volume gap above this downward trend"}, {"start": "00:34:59", "end": "00:35:03", "text": "line because this is ETH's whole history"}, {"start": "00:35:02", "end": "00:35:06", "text": "against Bitcoin has just been down and"}, {"start": "00:35:03", "end": "00:35:08", "text": "to the right with shortlived pumps up at"}, {"start": "00:35:06", "end": "00:35:11", "text": "the trend line and the fall back down."}, {"start": "00:35:08", "end": "00:35:14", "text": "But the important thing about it is this"}, {"start": "00:35:11", "end": "00:35:16", "text": "is basically just a gigantic"}, {"start": "00:35:14", "end": "00:35:19", "text": "uh wedge or you know triangle being"}, {"start": "00:35:16", "end": "00:35:21", "text": "built out and over the course of this"}, {"start": "00:35:19", "end": "00:35:22", "text": "bull market I do have kind of a gut"}, {"start": "00:35:21", "end": "00:35:25", "text": "feeling that we're going to breach this"}, {"start": "00:35:22", "end": "00:35:26", "text": "trend line go back up to this old and"}, {"start": "00:35:25", "end": "00:35:28", "text": "there's going to be a it's going to be a"}, {"start": "00:35:26", "end": "00:35:30", "text": "fight for our life here at about the 7"}, {"start": "00:35:28", "end": "00:35:33", "text": "mark uh when it comes to ETH dominance"}, {"start": "00:35:30", "end": "00:35:35", "text": "over Bitcoin but should this occur"}, {"start": "00:35:33", "end": "00:35:37", "text": "things like uh what do you call it you"}, {"start": "00:35:35", "end": "00:35:39", "text": "know I mean Cardano even are going to"}, {"start": "00:35:37", "end": "00:35:41", "text": "have fund. I don't know if Cardono can"}, {"start": "00:35:39", "end": "00:35:44", "text": "break its previous, you know, downward"}, {"start": "00:35:41", "end": "00:35:46", "text": "trend line, but I would say near. I"}, {"start": "00:35:44", "end": "00:35:47", "text": "would say a lot of the different"}, {"start": "00:35:46", "end": "00:35:49", "text": "projects that are out there are going to"}, {"start": "00:35:47", "end": "00:35:51", "text": "go absolutely ballistic. And I have a"}, {"start": "00:35:49", "end": "00:35:53", "text": "thought in my in the back of my mind. We"}, {"start": "00:35:51", "end": "00:35:57", "text": "just saw"}, {"start": "00:35:53", "end": "00:36:02", "text": "Zcash move from $40 to $1,500."}, {"start": "00:35:57", "end": "00:36:04", "text": "Miracles do happen in crypto. And I"}, {"start": "00:36:02", "end": "00:36:08", "text": "think one of the projects that's on my"}, {"start": "00:36:04", "end": "00:36:10", "text": "mind to have that next kind of moment is"}, {"start": "00:36:08", "end": "00:36:13", "text": "going to be one of the biggest players"}, {"start": "00:36:10", "end": "00:36:18", "text": "in the AI sector. One one of these"}, {"start": "00:36:13", "end": "00:36:22", "text": "massive AI projects be it VVV or TA you"}, {"start": "00:36:18", "end": "00:36:25", "text": "know an AI direct project is about to"}, {"start": "00:36:22", "end": "00:36:28", "text": "put up the move just like Zcash did. And"}, {"start": "00:36:25", "end": "00:36:31", "text": "so chaos I feel it in my foot. I feel it"}, {"start": "00:36:28", "end": "00:36:34", "text": "in my soul that it is coming. It is"}, {"start": "00:36:31", "end": "00:36:36", "text": "around the corner and I'm here for it."}, {"start": "00:36:34", "end": "00:36:37", "text": "I'm here for it. I saw that Morpho was"}, {"start": "00:36:36", "end": "00:36:39", "text": "moving up pretty nicely from that $2"}, {"start": "00:36:37", "end": "00:36:42", "text": "comfortable buy zone. But another one"}, {"start": "00:36:39", "end": "00:36:43", "text": "that's on my mind is Athena. Athena is"}, {"start": "00:36:42", "end": "00:36:46", "text": "definitely on my mind. This is one of"}, {"start": "00:36:43", "end": "00:36:49", "text": "the more beatd down altcoins that came"}, {"start": "00:36:46", "end": "00:36:51", "text": "out in the last bull market. Athena Pay"}, {"start": "00:36:49", "end": "00:36:54", "text": "hit new daily spending volume highs of"}, {"start": "00:36:51", "end": "00:36:57", "text": "around 138K. It may not sound like a"}, {"start": "00:36:54", "end": "00:36:59", "text": "lot, but it is a lot for a project that"}, {"start": "00:36:57", "end": "00:37:01", "text": "largely was written off it as being dead"}, {"start": "00:36:59", "end": "00:37:03", "text": "and gone forever. Now, we're coming in"}, {"start": "00:37:01", "end": "00:37:05", "text": "at around 22 cents on Athena's price"}, {"start": "00:37:03", "end": "00:37:07", "text": "right now. This project, I do believe,"}, {"start": "00:37:05", "end": "00:37:09", "text": "still has a good amount of tokens to"}, {"start": "00:37:07", "end": "00:37:12", "text": "come out. They have about 5 billion to"}, {"start": "00:37:09", "end": "00:37:14", "text": "come out of, you know, they have total"}, {"start": "00:37:12", "end": "00:37:17", "text": "supply of 15 billion tokens. 10 billion"}, {"start": "00:37:14", "end": "00:37:20", "text": "are currently circulating. The ecosystem"}, {"start": "00:37:17", "end": "00:37:24", "text": "is not dead. This kind of is given"}, {"start": "00:37:20", "end": "00:37:26", "text": "arbitum vibes to me. And there isn't a"}, {"start": "00:37:24", "end": "00:37:29", "text": "lot of price history that's suppressed"}, {"start": "00:37:26", "end": "00:37:31", "text": "this down. And to go through one bear to"}, {"start": "00:37:29", "end": "00:37:33", "text": "bull market. This thing was released"}, {"start": "00:37:31", "end": "00:37:37", "text": "right as the fun times began for crypto"}, {"start": "00:37:33", "end": "00:37:39", "text": "in the beginning of 2024 as you can see."}, {"start": "00:37:37", "end": "00:37:40", "text": "And at that time all coins were going"}, {"start": "00:37:39", "end": "00:37:44", "text": "ballistic. Like ICP, for example, was at"}, {"start": "00:37:40", "end": "00:37:47", "text": "like 16 bucks during that season. Now a"}, {"start": "00:37:44", "end": "00:37:49", "text": "good majority of the project's tokens"}, {"start": "00:37:47", "end": "00:37:52", "text": "are out. It's finding a little bit of"}, {"start": "00:37:49", "end": "00:37:53", "text": "footing in use case here. And this is"}, {"start": "00:37:52", "end": "00:37:55", "text": "actually a project I have to pay a"}, {"start": "00:37:53", "end": "00:37:57", "text": "little bit closer attention to. It's"}, {"start": "00:37:55", "end": "00:37:59", "text": "just seeing that it's int. It's catching"}, {"start": "00:37:57", "end": "00:38:00", "text": "some of the bid from this massive rise."}, {"start": "00:37:59", "end": "00:38:02", "text": ">> I got to watch this level, man."}, {"start": "00:38:00", "end": "00:38:05", "text": ">> No, it's a strong project. In"}, {"start": "00:38:02", "end": "00:38:07", "text": "institutional Darling actually does good"}, {"start": "00:38:05", "end": "00:38:10", "text": "stuff. So, you know, I I've stayed away"}, {"start": "00:38:07", "end": "00:38:12", "text": "from it because of the tokens coming"}, {"start": "00:38:10", "end": "00:38:13", "text": "out, but this is part of the time when"}, {"start": "00:38:12", "end": "00:38:15", "text": "it does make sense to look at some of"}, {"start": "00:38:13", "end": "00:38:18", "text": "those things. And yeah, I think Athena"}, {"start": "00:38:15", "end": "00:38:20", "text": "is absolutely absolutely one to uh to"}, {"start": "00:38:18", "end": "00:38:22", "text": "keep an eye on there. And then people"}, {"start": "00:38:20", "end": "00:38:23", "text": "are it it's worth just go back to the"}, {"start": "00:38:22", "end": "00:38:24", "text": "Bitcoin chart again. I mean it's just"}, {"start": "00:38:23", "end": "00:38:27", "text": ">> sure"}, {"start": "00:38:24", "end": "00:38:29", "text": ">> it just isn't stopping. We could just"}, {"start": "00:38:27", "end": "00:38:31", "text": "sit here and watch it on a on the on the"}, {"start": "00:38:29", "end": "00:38:32", "text": "15minute candles or something all day. I"}, {"start": "00:38:31", "end": "00:38:33", "text": "mean it's"}, {"start": "00:38:32", "end": "00:38:36", "text": ">> oh my god"}, {"start": "00:38:33", "end": "00:38:38", "text": ">> 86 two over 86 250 at this point. I mean"}, {"start": "00:38:36", "end": "00:38:39", "text": "again we might be 87 I said before the"}, {"start": "00:38:38", "end": "00:38:40", "text": "end of the day might be before the end"}, {"start": "00:38:39", "end": "00:38:41", "text": "of the show. So"}, {"start": "00:38:40", "end": "00:38:44", "text": ">> wow."}, {"start": "00:38:41", "end": "00:38:45", "text": ">> Um and yeah that's another massive level"}, {"start": "00:38:44", "end": "00:38:47", "text": "to clear. I'm telling you guys once we"}, {"start": "00:38:45", "end": "00:38:48", "text": "clear some of these technical levels"}, {"start": "00:38:47", "end": "00:38:50", "text": "that gives big money the green light. I"}, {"start": "00:38:48", "end": "00:38:53", "text": "guarantee you're seeing massive inflows"}, {"start": "00:38:50", "end": "00:38:56", "text": "into IBIT today. I know we were starting"}, {"start": "00:38:53", "end": "00:38:59", "text": "to see them last week. Um it I mean it's"}, {"start": "00:38:56", "end": "00:39:00", "text": "just pure pure game time. So if you guys"}, {"start": "00:38:59", "end": "00:39:00", "text": "are here"}, {"start": "00:39:00", "end": "00:39:01", "text": ">> that"}, {"start": "00:39:00", "end": "00:39:03", "text": ">> what's that?"}, {"start": "00:39:01", "end": "00:39:05", "text": ">> Oh, I breezed over the I bit shorts but"}, {"start": "00:39:03", "end": "00:39:07", "text": "that matters right now. Oh yeah, there"}, {"start": "00:39:05", "end": "00:39:09", "text": "going to be people unwinding those"}, {"start": "00:39:07", "end": "00:39:11", "text": "positions and uh you know getting"}, {"start": "00:39:09", "end": "00:39:14", "text": "getting their hedges put to the side and"}, {"start": "00:39:11", "end": "00:39:16", "text": "yeah, now it's just going to be again I"}, {"start": "00:39:14", "end": "00:39:18", "text": "don't want to say up only but it's going"}, {"start": "00:39:16", "end": "00:39:20", "text": "to you know we're are we're you know"}, {"start": "00:39:18", "end": "00:39:22", "text": "this running up to 87 wouldn't surprise"}, {"start": "00:39:20", "end": "00:39:24", "text": "me if we get a cool down once we tap"}, {"start": "00:39:22", "end": "00:39:25", "text": "that you know and it'd be great if we"}, {"start": "00:39:24", "end": "00:39:28", "text": "could start to range a little bit"}, {"start": "00:39:25", "end": "00:39:30", "text": "between 85 and 87 you know we you don't"}, {"start": "00:39:28", "end": "00:39:32", "text": "want too much up only because uh you"}, {"start": "00:39:30", "end": "00:39:36", "text": "need to have a little uh support"}, {"start": "00:39:32", "end": "00:39:38", "text": "somewhere but yeah It's yes, all these"}, {"start": "00:39:36", "end": "00:39:40", "text": "altcoins that you guys are throwing out"}, {"start": "00:39:38", "end": "00:39:42", "text": "in the chat, you know, again, there's"}, {"start": "00:39:40", "end": "00:39:44", "text": "more good ones out there than any one"}, {"start": "00:39:42", "end": "00:39:46", "text": "person could or should probably hold"}, {"start": "00:39:44", "end": "00:39:48", "text": "unless you've got, you know, $100"}, {"start": "00:39:46", "end": "00:39:50", "text": "million. But, you know, realistically,"}, {"start": "00:39:48", "end": "00:39:52", "text": "there's there's plenty of opportunity to"}, {"start": "00:39:50", "end": "00:39:54", "text": "be made, plenty of money to be made if"}, {"start": "00:39:52", "end": "00:39:55", "text": "you guys have been sticking it out. This"}, {"start": "00:39:54", "end": "00:39:58", "text": "is the part of the cycle that's going to"}, {"start": "00:39:55", "end": "00:40:00", "text": "be fun to be in. And if if this was your"}, {"start": "00:39:58", "end": "00:40:03", "text": "first bare market, by the way, that was"}, {"start": "00:40:00", "end": "00:40:05", "text": "a cakewalk of a bare market, you know,"}, {"start": "00:40:03", "end": "00:40:07", "text": "cakewalk. So, you know, you you got"}, {"start": "00:40:05", "end": "00:40:08", "text": "lucky. You timed it right if this was"}, {"start": "00:40:07", "end": "00:40:12", "text": "your first bare market because this was"}, {"start": "00:40:08", "end": "00:40:16", "text": "nothing compared to 2018, 2019 or uh you"}, {"start": "00:40:12", "end": "00:40:17", "text": "know, 20 what? 22 23. I mean, a lot of"}, {"start": "00:40:16", "end": "00:40:21", "text": "those were"}, {"start": "00:40:17", "end": "00:40:22", "text": ">> a lot more painful and long. I mean,"}, {"start": "00:40:21", "end": "00:40:24", "text": "that fel and maybe I'm just getting old"}, {"start": "00:40:22", "end": "00:40:26", "text": "so time's going faster. I don't know."}, {"start": "00:40:24", "end": "00:40:27", "text": "But man, that seemed like it went quick."}, {"start": "00:40:26", "end": "00:40:29", "text": ">> Yeah. Um,"}, {"start": "00:40:27", "end": "00:40:33", "text": ">> well, I called you this weekend because"}, {"start": "00:40:29", "end": "00:40:35", "text": "I was in a fight with my wife and"}, {"start": "00:40:33", "end": "00:40:38", "text": ">> we were fighting about something that"}, {"start": "00:40:35", "end": "00:40:39", "text": "I've talked about quite a bit, which is"}, {"start": "00:40:38", "end": "00:40:41", "text": ">> XRP stuff. Yeah."}, {"start": "00:40:39", "end": "00:40:42", "text": ">> Yeah. And the apparently the internet"}, {"start": "00:40:41", "end": "00:40:44", "text": "loved it. Like that short did way better"}, {"start": "00:40:42", "end": "00:40:45", "text": "than a lot of them lately."}, {"start": "00:40:44", "end": "00:40:45", "text": ">> Of course it did."}, {"start": "00:40:45", "end": "00:40:48", "text": ">> Of course."}, {"start": "00:40:45", "end": "00:40:51", "text": ">> So sec.gov."}, {"start": "00:40:48", "end": "00:40:53", "text": "We're going to the sec.gov."}, {"start": "00:40:51", "end": "00:40:54", "text": "And this is where you find sec.govfiles,"}, {"start": "00:40:53", "end": "00:40:57", "text": "/files/rulesules/"}, {"start": "00:40:54", "end": "00:41:00", "text": "petitions yada yada yada supplement PDF."}, {"start": "00:40:57", "end": "00:41:04", "text": "Now, this is the AI XRP slop that has"}, {"start": "00:41:00", "end": "00:41:07", "text": "made its way onto the SEC website"}, {"start": "00:41:04", "end": "00:41:10", "text": "laying out the scenario where the world"}, {"start": "00:41:07", "end": "00:41:15", "text": "and the US dollar shifts towards a gold"}, {"start": "00:41:10", "end": "00:41:19", "text": "and oilbacked XRP token. This is going"}, {"start": "00:41:15", "end": "00:41:22", "text": "to consume the XRP uh timeline for a"}, {"start": "00:41:19", "end": "00:41:23", "text": "very long time. And we went through this"}, {"start": "00:41:22", "end": "00:41:25", "text": "document. We were talking about it. We"}, {"start": "00:41:23", "end": "00:41:26", "text": "went over it a few times. I think you"}, {"start": "00:41:25", "end": "00:41:28", "text": "went over it, too, and sent me like a"}, {"start": "00:41:26", "end": "00:41:30", "text": "quick synopsis on it. And"}, {"start": "00:41:28", "end": "00:41:31", "text": ">> yeah, it's all I mean, I'll let you get"}, {"start": "00:41:30", "end": "00:41:34", "text": "to it, but I'm not gonna"}, {"start": "00:41:31", "end": "00:41:36", "text": ">> No, this is the crazy part is they say"}, {"start": "00:41:34", "end": "00:41:39", "text": "that the three anchor model within this"}, {"start": "00:41:36", "end": "00:41:41", "text": "thesis. Gold is the stock, oil is the"}, {"start": "00:41:39", "end": "00:41:44", "text": "flow, and XRP is the bridge, the"}, {"start": "00:41:41", "end": "00:41:47", "text": "liquidity between currencies, assets,"}, {"start": "00:41:44", "end": "00:41:49", "text": "and ledgers. Right? So, we're we're"}, {"start": "00:41:47", "end": "00:41:52", "text": "talking about XRP"}, {"start": "00:41:49", "end": "00:41:53", "text": "taking over the planet. Literally taking"}, {"start": "00:41:52", "end": "00:41:56", "text": "over the planet. We're talking about"}, {"start": "00:41:53", "end": "00:41:59", "text": "$10,000 loaves of bread. We're talking"}, {"start": "00:41:56", "end": "00:42:01", "text": "about a $650"}, {"start": "00:41:59", "end": "00:42:03", "text": "XRP token."}, {"start": "00:42:01", "end": "00:42:04", "text": ">> Oh my gosh. I just can't even keep a"}, {"start": "00:42:03", "end": "00:42:06", "text": "straight face when you're when even"}, {"start": "00:42:04", "end": "00:42:10", "text": "while you're reading. I mean, so"}, {"start": "00:42:06", "end": "00:42:13", "text": ">> this is all, you know, uh fantasy, I"}, {"start": "00:42:10", "end": "00:42:15", "text": "guess, is the nicest way to say it. Um,"}, {"start": "00:42:13", "end": "00:42:16", "text": "anybody could this is a petition."}, {"start": "00:42:15", "end": "00:42:19", "text": "anybody could submit a petition. So,"}, {"start": "00:42:16", "end": "00:42:20", "text": "somebody used AI. This is also an"}, {"start": "00:42:19", "end": "00:42:23", "text": "updated revised version of something"}, {"start": "00:42:20", "end": "00:42:24", "text": "that had already been listed on the SEC"}, {"start": "00:42:23", "end": "00:42:25", "text": "website. So, just because it's on the"}, {"start": "00:42:24", "end": "00:42:27", "text": "SEC website doesn't mean it has any"}, {"start": "00:42:25", "end": "00:42:29", "text": "endorsement from the SEC or anybody"}, {"start": "00:42:27", "end": "00:42:32", "text": "within the government. It was even more"}, {"start": "00:42:29", "end": "00:42:34", "text": "ridiculous before they revised it a bit"}, {"start": "00:42:32", "end": "00:42:37", "text": "to try to make it sound more feasible."}, {"start": "00:42:34", "end": "00:42:39", "text": "But, um, yeah, you're right. This is"}, {"start": "00:42:37", "end": "00:42:40", "text": "absolutely going to take up the XRP"}, {"start": "00:42:39", "end": "00:42:42", "text": "timeline. There's going to be people"}, {"start": "00:42:40", "end": "00:42:44", "text": "that will hear nothing other than that"}, {"start": "00:42:42", "end": "00:42:47", "text": "this is going to be reality. But it's so"}, {"start": "00:42:44", "end": "00:42:48", "text": "far from believable it's not even funny."}, {"start": "00:42:47", "end": "00:42:51", "text": "Like it doesn't even it doesn't even"}, {"start": "00:42:48", "end": "00:42:53", "text": "logically make sense to me. Um and yeah,"}, {"start": "00:42:51", "end": "00:42:55", "text": "anybody can"}, {"start": "00:42:53", "end": "00:42:57", "text": "submit a petition and if you do check"}, {"start": "00:42:55", "end": "00:42:58", "text": "all the right boxes and you use AI to"}, {"start": "00:42:57", "end": "00:43:00", "text": "help you get it up there, you can get"}, {"start": "00:42:58", "end": "00:43:02", "text": "get it up there. So congratulation to"}, {"start": "00:43:00", "end": "00:43:05", "text": "somebody who's very uh committed to"}, {"start": "00:43:02", "end": "00:43:06", "text": "pumping their bags of XRP. But uh"}, {"start": "00:43:05", "end": "00:43:07", "text": ">> I mean"}, {"start": "00:43:06", "end": "00:43:08", "text": ">> when you see this floating around the"}, {"start": "00:43:07", "end": "00:43:09", "text": "timeline, just know it's a bunch of"}, {"start": "00:43:08", "end": "00:43:13", "text": "malarkey."}, {"start": "00:43:09", "end": "00:43:14", "text": ">> XRP bad bag workers cannot be outworked."}, {"start": "00:43:13", "end": "00:43:16", "text": "No, that is true."}, {"start": "00:43:14", "end": "00:43:18", "text": ">> You know, like to go through that"}, {"start": "00:43:16", "end": "00:43:20", "text": "process and to get this document on the"}, {"start": "00:43:18", "end": "00:43:21", "text": "SEC website."}, {"start": "00:43:20", "end": "00:43:23", "text": ">> Yeah. I mean, everyone can submit, but"}, {"start": "00:43:21", "end": "00:43:25", "text": "you got to go you got to really work to"}, {"start": "00:43:23", "end": "00:43:26", "text": "get something like that through."}, {"start": "00:43:25", "end": "00:43:27", "text": ">> It's the ultimate memecoin. It really"}, {"start": "00:43:26", "end": "00:43:29", "text": "is."}, {"start": "00:43:27", "end": "00:43:30", "text": ">> And and for that reason, it will pump,"}, {"start": "00:43:29", "end": "00:43:32", "text": "you know, like I got to give them"}, {"start": "00:43:30", "end": "00:43:34", "text": "credit. It will pump."}, {"start": "00:43:32", "end": "00:43:37", "text": ">> Uh but everything they say about what"}, {"start": "00:43:34", "end": "00:43:40", "text": "its potential is is um"}, {"start": "00:43:37", "end": "00:43:42", "text": ">> not the case. We'll just say that. I am"}, {"start": "00:43:40", "end": "00:43:44", "text": "uncomfortably exposed to XRP at this"}, {"start": "00:43:42", "end": "00:43:47", "text": "point. Unbeknownst to me, I found this"}, {"start": "00:43:44", "end": "00:43:48", "text": "out this weekend. It is what it is. And"}, {"start": "00:43:47", "end": "00:43:50", "text": "this is what happens when you're in"}, {"start": "00:43:48", "end": "00:43:52", "text": "crypto for too long, right? This is what"}, {"start": "00:43:50", "end": "00:43:55", "text": "happens when you're in crypto. XRP"}, {"start": "00:43:52", "end": "00:43:58", "text": "dreamers. I could see $5, though. I"}, {"start": "00:43:55", "end": "00:44:00", "text": "could see $5. And the level of exposure"}, {"start": "00:43:58", "end": "00:44:01", "text": "that I've got current, you know, I mean,"}, {"start": "00:44:00", "end": "00:44:03", "text": "that's going to be great. Even if I"}, {"start": "00:44:01", "end": "00:44:05", "text": "looked up the author and gez, he worked"}, {"start": "00:44:03", "end": "00:44:06", "text": "hard laughing my ass off."}, {"start": "00:44:05", "end": "00:44:08", "text": ">> Yeah, I did too. That's what I looked it"}, {"start": "00:44:06", "end": "00:44:11", "text": "up to see. I, you know, like Drew sent"}, {"start": "00:44:08", "end": "00:44:14", "text": "me this and it took me uh a grand total"}, {"start": "00:44:11", "end": "00:44:17", "text": "of like 10 minutes to figure out like,"}, {"start": "00:44:14", "end": "00:44:18", "text": "nope, this is just a bunch of hopes and"}, {"start": "00:44:17", "end": "00:44:20", "text": "dreams, you know. So, good for him. Good"}, {"start": "00:44:18", "end": "00:44:21", "text": "for him. So, hey, I'm not saying if"}, {"start": "00:44:20", "end": "00:44:24", "text": "you're a big XRP fan, I'm not saying"}, {"start": "00:44:21", "end": "00:44:26", "text": "your bags won't pump. You will get, you"}, {"start": "00:44:24", "end": "00:44:30", "text": "know, maybe a $5, maybe a $10, something"}, {"start": "00:44:26", "end": "00:44:31", "text": "like that. But, uh, $100, $600,"}, {"start": "00:44:30", "end": "00:44:32", "text": "you know, it's not going to be a bridge"}, {"start": "00:44:31", "end": "00:44:35", "text": "currency for the world. They're not"}, {"start": "00:44:32", "end": "00:44:36", "text": "working with Swift. you know, they have"}, {"start": "00:44:35", "end": "00:44:38", "text": "no interest. It doesn't even make sense"}, {"start": "00:44:36", "end": "00:44:41", "text": "as a bridge currency. That like that"}, {"start": "00:44:38", "end": "00:44:42", "text": "theory sort of made sense before the"}, {"start": "00:44:41", "end": "00:44:44", "text": "invention of stable coins. Now that"}, {"start": "00:44:42", "end": "00:44:46", "text": "they've got stable coins, that makes"}, {"start": "00:44:44", "end": "00:44:48", "text": "zero sense. You know, the US would never"}, {"start": "00:44:46", "end": "00:44:52", "text": "even allow that. That would be very bad"}, {"start": "00:44:48", "end": "00:44:52", "text": "for the dollar. Um, so yeah."}, {"start": "00:44:52", "end": "00:44:55", "text": ">> Yeah."}, {"start": "00:44:52", "end": "00:44:58", "text": ">> True is to XRP is easy as to"}, {"start": "00:44:55", "end": "00:45:00", "text": ">> I mean maybe maybe you know like I"}, {"start": "00:44:58", "end": "00:45:02", "text": ">> you're doing it for the fam. It's it"}, {"start": "00:45:00", "end": "00:45:04", "text": "it's a clear"}, {"start": "00:45:02", "end": "00:45:05", "text": "I mean it's up 8% today. I'll give you"}, {"start": "00:45:04", "end": "00:45:07", "text": "that. Like that's what I'm saying. I I"}, {"start": "00:45:05", "end": "00:45:09", "text": "don't want to like FUD everybody's bags,"}, {"start": "00:45:07", "end": "00:45:11", "text": "but I just have a hard time with people"}, {"start": "00:45:09", "end": "00:45:12", "text": "that believe when they you know they I"}, {"start": "00:45:11", "end": "00:45:14", "text": "feel like they really take advantage of"}, {"start": "00:45:12", "end": "00:45:16", "text": "people that don't know how to do that"}, {"start": "00:45:14", "end": "00:45:17", "text": "level of research. They see that sort of"}, {"start": "00:45:16", "end": "00:45:19", "text": "stuff, they're going to be out there"}, {"start": "00:45:17", "end": "00:45:21", "text": "banging their tambourine saying, \"Look"}, {"start": "00:45:19", "end": "00:45:24", "text": "what look what the SEC said. Look what's"}, {"start": "00:45:21", "end": "00:45:26", "text": "on the SEC website.\" And people are"}, {"start": "00:45:24", "end": "00:45:28", "text": "going to FOMO in and and"}, {"start": "00:45:26", "end": "00:45:30", "text": ">> it's just it's just ridiculous. I mean"}, {"start": "00:45:28", "end": "00:45:32", "text": "it and you know it means nothing that"}, {"start": "00:45:30", "end": "00:45:34", "text": "that report means nothing and it"}, {"start": "00:45:32", "end": "00:45:35", "text": "couldn't be it's again it's a fantasy"}, {"start": "00:45:34", "end": "00:45:37", "text": "that's never going to happen. So"}, {"start": "00:45:35", "end": "00:45:41", "text": ">> well and there's some let's talk about"}, {"start": "00:45:37", "end": "00:45:44", "text": "crypto that can 10x 20x right in our"}, {"start": "00:45:41", "end": "00:45:47", "text": "front end view here. So Hyperlid"}, {"start": "00:45:44", "end": "00:45:51", "text": "obviously we breached alltime highs but"}, {"start": "00:45:47", "end": "00:45:55", "text": "there's a guy that sent $2.9 million"}, {"start": "00:45:51", "end": "00:45:57", "text": "worth of Hyperlid to Hyperlend on Hyper"}, {"start": "00:45:55", "end": "00:46:00", "text": "EVM."}, {"start": "00:45:57", "end": "00:46:02", "text": "Now, Hyperlend is a minuscule,"}, {"start": "00:46:00", "end": "00:46:06", "text": "minuscule lending protocol. Like, this"}, {"start": "00:46:02", "end": "00:46:08", "text": "is a couple million dollar market cap."}, {"start": "00:46:06", "end": "00:46:10", "text": "And now we're seeing some of these big"}, {"start": "00:46:08", "end": "00:46:12", "text": "bags. And I said this months ago, the"}, {"start": "00:46:10", "end": "00:46:14", "text": "moment that hype really, really starts"}, {"start": "00:46:12", "end": "00:46:16", "text": "cooking towards that $100 moment. You're"}, {"start": "00:46:14", "end": "00:46:19", "text": "going to have people flush with new"}, {"start": "00:46:16", "end": "00:46:21", "text": "bucks. And there's not many spots"}, {"start": "00:46:19", "end": "00:46:24", "text": "locally in the Hyperlid ecosystem that"}, {"start": "00:46:21", "end": "00:46:25", "text": "they can go get lending done out of."}, {"start": "00:46:24", "end": "00:46:29", "text": "Hyperland is one of them. So, I've"}, {"start": "00:46:25", "end": "00:46:30", "text": "decided to gut hyperlend this week to"}, {"start": "00:46:29", "end": "00:46:34", "text": "find out what kind of token value"}, {"start": "00:46:30", "end": "00:46:36", "text": "capture truly sits on that. And if it's"}, {"start": "00:46:34", "end": "00:46:37", "text": "just one of the more slept on lending"}, {"start": "00:46:36", "end": "00:46:41", "text": "protocols, that might actually make me"}, {"start": "00:46:37", "end": "00:46:43", "text": "some bucks moving forward. But Hyperlid"}, {"start": "00:46:41", "end": "00:46:45", "text": "has made some immense moves. And that's"}, {"start": "00:46:43", "end": "00:46:47", "text": "the big question is what's the next"}, {"start": "00:46:45", "end": "00:46:51", "text": "hype? What's the next, you know, uh,"}, {"start": "00:46:47", "end": "00:46:52", "text": "Zcash type move? Hyperlid,"}, {"start": "00:46:51", "end": "00:46:53", "text": "uh, as we were heading into the weekend,"}, {"start": "00:46:52", "end": "00:46:56", "text": "I felt like we were going to be able to"}, {"start": "00:46:53", "end": "00:46:59", "text": "hit $100. It came just shy and hit"}, {"start": "00:46:56", "end": "00:47:02", "text": "around what is this 9650. So, we did"}, {"start": "00:46:59", "end": "00:47:04", "text": "have a good continuation to the pump."}, {"start": "00:47:02", "end": "00:47:07", "text": "Hyperlid's impossible for me to know"}, {"start": "00:47:04", "end": "00:47:10", "text": "where the top truly is. I know it's been"}, {"start": "00:47:07", "end": "00:47:12", "text": "running viciously uh for quite some"}, {"start": "00:47:10", "end": "00:47:14", "text": "months. And shout out to you remember Dy"}, {"start": "00:47:12", "end": "00:47:16", "text": "came out and he said he said he said"}, {"start": "00:47:14", "end": "00:47:17", "text": "this just to reiterate, you know,"}, {"start": "00:47:16", "end": "00:47:19", "text": "because a lot of people like to clown on"}, {"start": "00:47:17", "end": "00:47:22", "text": "Dyz just because of how long he liked"}, {"start": "00:47:19", "end": "00:47:25", "text": "Cardano. But DZY came out what was it"}, {"start": "00:47:22", "end": "00:47:27", "text": "like I think it was about 6 months ago"}, {"start": "00:47:25", "end": "00:47:29", "text": "or something like that. Sell your"}, {"start": "00:47:27", "end": "00:47:31", "text": "Cardono for Hyperlid. I was on that"}, {"start": "00:47:29", "end": "00:47:34", "text": "board. I was running the show while he"}, {"start": "00:47:31", "end": "00:47:38", "text": "said it. I remember the day clearly, you"}, {"start": "00:47:34", "end": "00:47:41", "text": "know. So Hyperlid is one of the new fast"}, {"start": "00:47:38", "end": "00:47:44", "text": "cats in the crypto ecosystem. I don't"}, {"start": "00:47:41", "end": "00:47:47", "text": "know where the top is for this project."}, {"start": "00:47:44", "end": "00:47:50", "text": "I can just tell that, you know,"}, {"start": "00:47:47", "end": "00:47:52", "text": "perpetuals and, you know, tokenizing the"}, {"start": "00:47:50", "end": "00:47:54", "text": "stock market, being able to find access,"}, {"start": "00:47:52", "end": "00:47:56", "text": "crypto bros with that old school"}, {"start": "00:47:54", "end": "00:47:58", "text": "liquidity, getting in access to oil"}, {"start": "00:47:56", "end": "00:48:00", "text": "trading, everything like that matters"}, {"start": "00:47:58", "end": "00:48:02", "text": "quite a bit. And I do, while I mention"}, {"start": "00:48:00", "end": "00:48:04", "text": "oil, I want to go look at the Brent. Uh,"}, {"start": "00:48:02", "end": "00:48:07", "text": "but actually, let me stay on Hyperlood"}, {"start": "00:48:04", "end": "00:48:08", "text": "real quick. So, this is kind of what"}, {"start": "00:48:07", "end": "00:48:11", "text": "we're dealing with with the velocity the"}, {"start": "00:48:08", "end": "00:48:14", "text": "altcoin sector has right now. Um,"}, {"start": "00:48:11", "end": "00:48:16", "text": "additional DCA point from me on hype is"}, {"start": "00:48:14", "end": "00:48:19", "text": "around 70 bucks. Stronger, more"}, {"start": "00:48:16", "end": "00:48:20", "text": "aggressive buys at the $60 range. And"}, {"start": "00:48:19", "end": "00:48:24", "text": "I'm stealing my neighbor's cat and"}, {"start": "00:48:20", "end": "00:48:28", "text": "putting it on eBay at $50 Hyperlid"}, {"start": "00:48:24", "end": "00:48:29", "text": "token. So, that's my general plan for"}, {"start": "00:48:28", "end": "00:48:32", "text": "Hyperlid. I do have a bag and I moved"}, {"start": "00:48:29", "end": "00:48:35", "text": "pretty aggressively into it at mid50s,"}, {"start": "00:48:32", "end": "00:48:37", "text": "but I could see a bump and run at this"}, {"start": "00:48:35", "end": "00:48:39", "text": "local recent all-time high occurring,"}, {"start": "00:48:37", "end": "00:48:41", "text": "but this thing's just taking off, man. I"}, {"start": "00:48:39", "end": "00:48:43", "text": "mean it's it's really difficult to I"}, {"start": "00:48:41", "end": "00:48:45", "text": "mean look at the money flow look at the"}, {"start": "00:48:43", "end": "00:48:48", "text": "money flow on this thing that's a"}, {"start": "00:48:45", "end": "00:48:51", "text": "parabola that's a parabola as crypto"}, {"start": "00:48:48", "end": "00:48:53", "text": "crank would say uh building out here on"}, {"start": "00:48:51", "end": "00:48:56", "text": "the money flow on the daily time frame"}, {"start": "00:48:53", "end": "00:48:59", "text": "is looking very very vicious obviously"}, {"start": "00:48:56", "end": "00:49:00", "text": "yes crypto has cooldowns but I knew"}, {"start": "00:48:59", "end": "00:49:03", "text": "something crazy was coming when we"}, {"start": "00:49:00", "end": "00:49:06", "text": "printed the green dot on the upside here"}, {"start": "00:49:03", "end": "00:49:08", "text": "at the high 50s low50s mark and it's"}, {"start": "00:49:06", "end": "00:49:10", "text": "played out to a pretty strong degree"}, {"start": "00:49:08", "end": "00:49:11", "text": "here. So, let's actually go back into"}, {"start": "00:49:10", "end": "00:49:14", "text": "the altcoin sector. Altcoins are so fun"}, {"start": "00:49:11", "end": "00:49:16", "text": "right now. God, I miss this. I miss this"}, {"start": "00:49:14", "end": "00:49:19", "text": "so badly in the, you know, cuz buying"}, {"start": "00:49:16", "end": "00:49:20", "text": "the altcoins low in a bare market's fun,"}, {"start": "00:49:19", "end": "00:49:23", "text": "but"}, {"start": "00:49:20", "end": "00:49:26", "text": "you know, now that it's really starting"}, {"start": "00:49:23", "end": "00:49:29", "text": "to print and and start up again, the"}, {"start": "00:49:26", "end": "00:49:31", "text": "feelings are so good. Now, the losers,"}, {"start": "00:49:29", "end": "00:49:34", "text": "there's really not many losers like"}, {"start": "00:49:31", "end": "00:49:36", "text": "Falcon Finance, which is down like 4%."}, {"start": "00:49:34", "end": "00:49:38", "text": "Not many losers here on the market uh"}, {"start": "00:49:36", "end": "00:49:41", "text": "for the time being."}, {"start": "00:49:38", "end": "00:49:43", "text": "biggest gainers and again SUI."}, {"start": "00:49:41", "end": "00:49:46", "text": "I guess we're connected to SUI now. I"}, {"start": "00:49:43", "end": "00:49:47", "text": "I'm I'm connected to SUI. I am gonna"}, {"start": "00:49:46", "end": "00:49:49", "text": "have to start mapping it out a little"}, {"start": "00:49:47", "end": "00:49:50", "text": "bit more. I know I was doing it to a"}, {"start": "00:49:49", "end": "00:49:53", "text": "degree the last few weeks here as I"}, {"start": "00:49:50", "end": "00:49:57", "text": "could see just the general tide rising"}, {"start": "00:49:53", "end": "00:49:59", "text": "for the altcoin sector. Um but you know,"}, {"start": "00:49:57", "end": "00:50:02", "text": "it is what it is. How many top 50 tokens"}, {"start": "00:49:59", "end": "00:50:04", "text": "reach an all-time high? That's a good"}, {"start": "00:50:02", "end": "00:50:06", "text": "question. Let's organize them. Let's"}, {"start": "00:50:04", "end": "00:50:09", "text": "organize them by that. I would say most"}, {"start": "00:50:06", "end": "00:50:11", "text": "of the ones that are actually relevant"}, {"start": "00:50:09", "end": "00:50:13", "text": "and have some you know something on"}, {"start": "00:50:11", "end": "00:50:16", "text": "them. So"}, {"start": "00:50:13", "end": "00:50:18", "text": ">> um you know like Ethereum will hit a new"}, {"start": "00:50:16", "end": "00:50:19", "text": "alltime high."}, {"start": "00:50:18", "end": "00:50:21", "text": "XRP will it hit a new alltime high?"}, {"start": "00:50:19", "end": "00:50:22", "text": "Probably"}, {"start": "00:50:21", "end": "00:50:24", "text": ">> XRP will"}, {"start": "00:50:22", "end": "00:50:26", "text": ">> Salana will. Tron is I mean last time I"}, {"start": "00:50:24", "end": "00:50:30", "text": "looked is basically at an alltime high."}, {"start": "00:50:26", "end": "00:50:32", "text": ">> Hyperlid Zcash hyperlid already there."}, {"start": "00:50:30", "end": "00:50:34", "text": "Doge would be one that I don't know. I"}, {"start": "00:50:32", "end": "00:50:35", "text": "don't what does it say?"}, {"start": "00:50:34", "end": "00:50:37", "text": ">> Against a Doge alltime high."}, {"start": "00:50:35", "end": "00:50:39", "text": ">> Yeah, probably not a Doge alltime high."}, {"start": "00:50:37", "end": "00:50:41", "text": "Monero I could see Chain Link. I could"}, {"start": "00:50:39", "end": "00:50:43", "text": "see Cardano. It's going to be tough."}, {"start": "00:50:41", "end": "00:50:46", "text": "real tough. I mean, didn't didn't do it"}, {"start": "00:50:43", "end": "00:50:48", "text": "last time. Stellar could be a yes. UniS"}, {"start": "00:50:46", "end": "00:50:49", "text": "swap. Oh, I sure hope so, man. If"}, {"start": "00:50:48", "end": "00:50:51", "text": "Uniswap hits an all time,"}, {"start": "00:50:49", "end": "00:50:53", "text": ">> UniS swap hit an alltime high. TJ is"}, {"start": "00:50:51", "end": "00:50:56", "text": "never coming back. He's just I'm He's"}, {"start": "00:50:53", "end": "00:50:57", "text": "bought Galapagos Island"}, {"start": "00:50:56", "end": "00:50:59", "text": ">> is, you know what I mean? It is what it"}, {"start": "00:50:57", "end": "00:51:00", "text": "is. He's going to be out smoking cigars"}, {"start": "00:50:59", "end": "00:51:04", "text": "with Sailor."}, {"start": "00:51:00", "end": "00:51:05", "text": ">> I'll stick around. There's not uh"}, {"start": "00:51:04", "end": "00:51:07", "text": ">> Yeah, I'll stick around. you know, like"}, {"start": "00:51:05", "end": "00:51:09", "text": "I'm I'll never I may you may see me"}, {"start": "00:51:07", "end": "00:51:11", "text": "less, you know, I might be, you know,"}, {"start": "00:51:09", "end": "00:51:12", "text": "trying to do some other businesses and"}, {"start": "00:51:11", "end": "00:51:14", "text": "stuff, but I mean, I'll keep coming back"}, {"start": "00:51:12", "end": "00:51:16", "text": "to you guys. You know, that's the thing"}, {"start": "00:51:14", "end": "00:51:17", "text": "about crypto is whenever you try to go"}, {"start": "00:51:16", "end": "00:51:18", "text": "somewhere else, it just it just pulls"}, {"start": "00:51:17", "end": "00:51:20", "text": "you back in."}, {"start": "00:51:18", "end": "00:51:21", "text": ">> You know, there's nothing as much fun as"}, {"start": "00:51:20", "end": "00:51:23", "text": "crypto and DeFi and all these other"}, {"start": "00:51:21", "end": "00:51:24", "text": "sorts of things, but uh Bitcoin Cash"}, {"start": "00:51:23", "end": "00:51:25", "text": "won't hit an all new alltime high. I'll"}, {"start": "00:51:24", "end": "00:51:26", "text": "tell you that."}, {"start": "00:51:25", "end": "00:51:27", "text": ">> Um"}, {"start": "00:51:26", "end": "00:51:29", "text": ">> Stellar is probably gonna have a hard"}, {"start": "00:51:27", "end": "00:51:31", "text": "time doing it as well. Um"}, {"start": "00:51:29", "end": "00:51:33", "text": ">> yeah, but it's viable though. It's got"}, {"start": "00:51:31", "end": "00:51:36", "text": "some I'm just looking at like what is"}, {"start": "00:51:33", "end": "00:51:37", "text": "growing versus dying. You know, Stellar"}, {"start": "00:51:36", "end": "00:51:39", "text": "is actually hitting its stride more"}, {"start": "00:51:37", "end": "00:51:40", "text": "today than it did last cycle. So,"}, {"start": "00:51:39", "end": "00:51:43", "text": ">> next year they got the Swift rollouts,"}, {"start": "00:51:40", "end": "00:51:45", "text": "too, or like the DTC Swift stuff isn't"}, {"start": "00:51:43", "end": "00:51:46", "text": "even started for Stellar yet. It's"}, {"start": "00:51:45", "end": "00:51:48", "text": "coming out at the beginning of 27. So,"}, {"start": "00:51:46", "end": "00:51:50", "text": "actually, I might have to be cautious"}, {"start": "00:51:48", "end": "00:51:54", "text": "about that, but I'd say no to Dogecoin,"}, {"start": "00:51:50", "end": "00:51:56", "text": "Cardono. Um, I'm saying no to Avalanche."}, {"start": "00:51:54", "end": "00:51:58", "text": "I agree with you on Bitcoin Cash."}, {"start": "00:51:56", "end": "00:52:01", "text": ">> Avalanche could I'm not ruling anything"}, {"start": "00:51:58", "end": "00:52:03", "text": "out yet. I'm really not. Avalanche could"}, {"start": "00:52:01", "end": "00:52:06", "text": ">> um because again now it's through most"}, {"start": "00:52:03", "end": "00:52:08", "text": "of its inflation or its uh emission"}, {"start": "00:52:06", "end": "00:52:11", "text": "right so most of the coins are out there"}, {"start": "00:52:08", "end": "00:52:13", "text": "um and it's starting to catch a bit like"}, {"start": "00:52:11", "end": "00:52:15", "text": "if this stuff really like if RWA's like"}, {"start": "00:52:13", "end": "00:52:17", "text": "it's got it's got to play and and that's"}, {"start": "00:52:15", "end": "00:52:18", "text": "what I'm saying that will absolutely"}, {"start": "00:52:17", "end": "00:52:20", "text": "shock people which is again why I'm"}, {"start": "00:52:18", "end": "00:52:23", "text": "telling people you don't have to go that"}, {"start": "00:52:20", "end": "00:52:25", "text": "deep imagine what's it all time I mean"}, {"start": "00:52:23", "end": "00:52:26", "text": "even last cycle was what like 40 or 50"}, {"start": "00:52:25", "end": "00:52:26", "text": "bucks yeah I guess I can see there's"}, {"start": "00:52:26", "end": "00:52:30", "text": "like"}, {"start": "00:52:26", "end": "00:52:33", "text": ">> last yeah cuz I I sold this thing at 55."}, {"start": "00:52:30", "end": "00:52:37", "text": "It hit an alltime like a local high of"}, {"start": "00:52:33", "end": "00:52:39", "text": "62 bucks. But um last cycle, for"}, {"start": "00:52:37", "end": "00:52:43", "text": "instance, I bought a huge bag of this at"}, {"start": "00:52:39", "end": "00:52:45", "text": "$10 and then I sold it at 55. We're"}, {"start": "00:52:43", "end": "00:52:49", "text": "really cooking over the last few days on"}, {"start": "00:52:45", "end": "00:52:52", "text": "Avalanche from 770 up to 10 or 11 bucks,"}, {"start": "00:52:49", "end": "00:52:56", "text": "right? But its actual all-time high is"}, {"start": "00:52:52", "end": "00:52:56", "text": "$150 a piece, right? About $145."}, {"start": "00:52:56", "end": "00:52:58", "text": "So,"}, {"start": "00:52:56", "end": "00:53:00", "text": ">> possible."}, {"start": "00:52:58", "end": "00:53:02", "text": ">> I mean, I'm telling you, it's possible."}, {"start": "00:53:00", "end": "00:53:04", "text": ">> Not saying it's likely. I'm just saying"}, {"start": "00:53:02", "end": "00:53:06", "text": "it's possible. And I see a lot of people"}, {"start": "00:53:04", "end": "00:53:08", "text": "asking about Near, too. Near could"}, {"start": "00:53:06", "end": "00:53:10", "text": "absolutely hit an all-time high. A lot"}, {"start": "00:53:08", "end": "00:53:11", "text": "of people looking at uh 20 to 30 bucks"}, {"start": "00:53:10", "end": "00:53:14", "text": "on Near."}, {"start": "00:53:11", "end": "00:53:17", "text": ">> I'll go ahead and pull this up. Um, so"}, {"start": "00:53:14", "end": "00:53:23", "text": "Near's all-time high, what is it? Close"}, {"start": "00:53:17", "end": "00:53:25", "text": "to 20, 17 bucks in 2022. January 22. Um,"}, {"start": "00:53:23", "end": "00:53:27", "text": "so yeah, I could absolutely see a $20"}, {"start": "00:53:25", "end": "00:53:29", "text": "near, no problem. Even 30 is in the"}, {"start": "00:53:27", "end": "00:53:31", "text": "cards. Uh, so I think"}, {"start": "00:53:29", "end": "00:53:32", "text": ">> again, you guys are going to be shocked."}, {"start": "00:53:31", "end": "00:53:36", "text": "Some of these altcoin prices will"}, {"start": "00:53:32", "end": "00:53:37", "text": "absolutely uh, you know, shock people."}, {"start": "00:53:36", "end": "00:53:39", "text": "But if if"}, {"start": "00:53:37", "end": "00:53:41", "text": ">> what we're seeing play out actually"}, {"start": "00:53:39", "end": "00:53:43", "text": "plays out, it's it's again, it's people"}, {"start": "00:53:41", "end": "00:53:45", "text": "forget how small the crypto market is."}, {"start": "00:53:43", "end": "00:53:47", "text": "When you look at what the stock market"}, {"start": "00:53:45", "end": "00:53:48", "text": "just did, again, look at how much gold"}, {"start": "00:53:47", "end": "00:53:50", "text": "moved. When money was ready to move into"}, {"start": "00:53:48", "end": "00:53:53", "text": "gold, it went up"}, {"start": "00:53:50", "end": "00:53:56", "text": ">> by like 10 trillion dollars. That's like"}, {"start": "00:53:53", "end": "00:53:59", "text": "five times of all crypto. I mean, even"}, {"start": "00:53:56", "end": "00:54:01", "text": "Bitcoin alone is 1.7 trillion. So, like"}, {"start": "00:53:59", "end": "00:54:03", "text": "that's the entire What is the entire"}, {"start": "00:54:01", "end": "00:54:03", "text": "crypto market cap right now? Like two or"}, {"start": "00:54:03", "end": "00:54:06", "text": "three trillion."}, {"start": "00:54:03", "end": "00:54:08", "text": ">> Uh it's probably like 2.9. Let's go look"}, {"start": "00:54:06", "end": "00:54:10", "text": "here. Uh yeah, 2.9 trill."}, {"start": "00:54:08", "end": "00:54:13", "text": ">> Yeah, three trillion."}, {"start": "00:54:10", "end": "00:54:16", "text": "So we could, you know, we're if 10"}, {"start": "00:54:13", "end": "00:54:18", "text": "trillion comes in on chain, which is"}, {"start": "00:54:16", "end": "00:54:19", "text": "happening, will happen. It's not a"}, {"start": "00:54:18", "end": "00:54:21", "text": "matter of if, it's just a matter of"}, {"start": "00:54:19", "end": "00:54:25", "text": "when, you know, is this 27, is this 28,"}, {"start": "00:54:21", "end": "00:54:27", "text": "is this 29? I don't know. But it it will"}, {"start": "00:54:25", "end": "00:54:29", "text": "happen. And so at this point, you just"}, {"start": "00:54:27", "end": "00:54:30", "text": "have to be in relevant projects where"}, {"start": "00:54:29", "end": "00:54:33", "text": "this money is flowing. And you have to"}, {"start": "00:54:30", "end": "00:54:35", "text": "be patient. Those are that's the key the"}, {"start": "00:54:33", "end": "00:54:38", "text": "key. And that's always been the key, I"}, {"start": "00:54:35", "end": "00:54:42", "text": "will say, in crypto is to be in projects"}, {"start": "00:54:38", "end": "00:54:42", "text": "that are useful and to have patience."}, {"start": "00:54:42", "end": "00:54:44", "text": "And"}, {"start": "00:54:42", "end": "00:54:46", "text": ">> you know, at this point,"}, {"start": "00:54:44", "end": "00:54:47", "text": ">> you know, at this point, it really does"}, {"start": "00:54:46", "end": "00:54:48", "text": "feel like just sit back and wait. And"}, {"start": "00:54:47", "end": "00:54:49", "text": "that's why I'm going to continue to hang"}, {"start": "00:54:48", "end": "00:54:51", "text": "out with you guys because I'm going to"}, {"start": "00:54:49", "end": "00:54:53", "text": "be bored if I go, you know, there's very"}, {"start": "00:54:51", "end": "00:54:54", "text": "few thing I am looking at a couple other"}, {"start": "00:54:53", "end": "00:54:56", "text": "business things, but there's very few"}, {"start": "00:54:54", "end": "00:54:58", "text": "things that are as interesting as"}, {"start": "00:54:56", "end": "00:55:00", "text": "crypto. And that's just that's just the"}, {"start": "00:54:58", "end": "00:55:03", "text": "way it is, you know. And I'm going to"}, {"start": "00:55:00", "end": "00:55:07", "text": "kind of answer my own question about"}, {"start": "00:55:03", "end": "00:55:10", "text": "what's the next Zcash type move that"}, {"start": "00:55:07", "end": "00:55:12", "text": "everyone's going to miss. I feel it. I"}, {"start": "00:55:10", "end": "00:55:14", "text": "feel it's going to be TA. I think it's"}, {"start": "00:55:12", "end": "00:55:16", "text": "going to be TA. I do some would"}, {"start": "00:55:14", "end": "00:55:20", "text": "disagree, but we went from like 40 bucks"}, {"start": "00:55:16", "end": "00:55:22", "text": "to 800 without subnets. We went we made"}, {"start": "00:55:20", "end": "00:55:25", "text": "that move last bull market just on AI"}, {"start": "00:55:22", "end": "00:55:27", "text": "hype and you know the hope and dream of"}, {"start": "00:55:25", "end": "00:55:31", "text": "AI being integrated and kind of taken"}, {"start": "00:55:27", "end": "00:55:33", "text": "over. Tow is one of the stronger altcoin"}, {"start": "00:55:31", "end": "00:55:35", "text": "graphs out there, man. And I mean, I"}, {"start": "00:55:33", "end": "00:55:36", "text": "know I was I'm feeling good right now"}, {"start": "00:55:35", "end": "00:55:37", "text": "because I was doing the loading up at"}, {"start": "00:55:36", "end": "00:55:38", "text": "190 and 200 bucks."}, {"start": "00:55:37", "end": "00:55:41", "text": ">> Me too. Me too."}, {"start": "00:55:38", "end": "00:55:43", "text": ">> Yeah. So, I mean, but this isn't nothing"}, {"start": "00:55:41", "end": "00:55:45", "text": "cuz at large, I think this is what's"}, {"start": "00:55:43", "end": "00:55:47", "text": "going to happen to the alt sector. We"}, {"start": "00:55:45", "end": "00:55:50", "text": "are right now breaking out of this"}, {"start": "00:55:47", "end": "00:55:51", "text": "descending triangle. And I think that"}, {"start": "00:55:50", "end": "00:55:53", "text": "this pattern is going to play out. And"}, {"start": "00:55:51", "end": "00:55:55", "text": "I'm going to start saying this right"}, {"start": "00:55:53", "end": "00:55:56", "text": "now. We're all ready. I don't think the"}, {"start": "00:55:55", "end": "00:55:58", "text": "altcoin sector is going to peak out when"}, {"start": "00:55:56", "end": "00:56:01", "text": "Bitcoin does. I think it's going to peak"}, {"start": "00:55:58", "end": "00:56:03", "text": "out mid 28. I think we're going higher"}, {"start": "00:56:01", "end": "00:56:05", "text": "than previous all-time highs. And I"}, {"start": "00:56:03", "end": "00:56:07", "text": "think you're going to front bitcoins by"}, {"start": "00:56:05", "end": "00:56:09", "text": "about a year, maybe a half a year. So,"}, {"start": "00:56:07", "end": "00:56:12", "text": ">> if that happens, you you might never"}, {"start": "00:56:09", "end": "00:56:14", "text": "actually see me again. I don't know."}, {"start": "00:56:12", "end": "00:56:15", "text": ">> If that happens, what you just showed,"}, {"start": "00:56:14", "end": "00:56:16", "text": ">> you're going to be on Mars or something,"}, {"start": "00:56:15", "end": "00:56:18", "text": "right?"}, {"start": "00:56:16", "end": "00:56:20", "text": ">> Yeah. I don't know. I'm going to be deep"}, {"start": "00:56:18", "end": "00:56:21", "text": "underground somewhere. I don't know."}, {"start": "00:56:20", "end": "00:56:22", "text": "Trying to hide."}, {"start": "00:56:21", "end": "00:56:24", "text": ">> Yeah. I mean, you know, there's a lot of"}, {"start": "00:56:22", "end": "00:56:25", "text": "fear out there with what the world's"}, {"start": "00:56:24", "end": "00:56:28", "text": "doing right now. And I liked this post"}, {"start": "00:56:25", "end": "00:56:29", "text": "post from Mert. Panic is unbecoming of a"}, {"start": "00:56:28", "end": "00:56:32", "text": "man. Don't get soped into thinking the"}, {"start": "00:56:29", "end": "00:56:33", "text": "world is ending because World War II, AI"}, {"start": "00:56:32", "end": "00:56:36", "text": "or oil."}, {"start": "00:56:33", "end": "00:56:39", "text": ">> Um, the algo combined with desperate"}, {"start": "00:56:36", "end": "00:56:41", "text": "click addicts makes all seem like it is"}, {"start": "00:56:39", "end": "00:56:43", "text": "worse than it really is. Do not confuse"}, {"start": "00:56:41", "end": "00:56:44", "text": "sensational sensationalized awareness"}, {"start": "00:56:43", "end": "00:56:46", "text": "with destiny."}, {"start": "00:56:44", "end": "00:56:48", "text": ">> There are and have always been reasons"}, {"start": "00:56:46", "end": "00:56:51", "text": "to be pessimistic, but with people who"}, {"start": "00:56:48", "end": "00:56:53", "text": "win, they are the ones who found a"}, {"start": "00:56:51", "end": "00:56:55", "text": "reason to be optimistic. Let's win."}, {"start": "00:56:53", "end": "00:56:56", "text": "trillions. I absolutely love this"}, {"start": "00:56:55", "end": "00:56:58", "text": "message, you know."}, {"start": "00:56:56", "end": "00:57:00", "text": ">> Yeah, I do too. Great post and needs to"}, {"start": "00:56:58", "end": "00:57:02", "text": "be said. Say it again louder for the"}, {"start": "00:57:00", "end": "00:57:03", "text": "people in the back. You know, doomer"}, {"start": "00:57:02", "end": "00:57:06", "text": "doom and gloom will always be there. It"}, {"start": "00:57:03", "end": "00:57:08", "text": "always has been. It always will be. It"}, {"start": "00:57:06", "end": "00:57:10", "text": "is good for engagement. Again, this is"}, {"start": "00:57:08", "end": "00:57:13", "text": "why people were telling you Bitcoin was"}, {"start": "00:57:10", "end": "00:57:15", "text": "going to 40k when we were at, you know,"}, {"start": "00:57:13", "end": "00:57:16", "text": "generational buying opportunities. We"}, {"start": "00:57:15", "end": "00:57:18", "text": "were screaming, \"Now's the time to get"}, {"start": "00:57:16", "end": "00:57:20", "text": "in. Now's the time to get in.\" Over and"}, {"start": "00:57:18", "end": "00:57:22", "text": "over and over. And we were getting so"}, {"start": "00:57:20", "end": "00:57:24", "text": "much hate for it and so much ridicule"}, {"start": "00:57:22", "end": "00:57:26", "text": "where people were championing those"}, {"start": "00:57:24", "end": "00:57:27", "text": "people like, \"Oh, look, they're calling"}, {"start": "00:57:26", "end": "00:57:30", "text": "for it to go lower. Look, look, they're"}, {"start": "00:57:27", "end": "00:57:32", "text": "so right.\" You know, and it's just there"}, {"start": "00:57:30", "end": "00:57:36", "text": "will always be a reason to be fearful."}, {"start": "00:57:32", "end": "00:57:37", "text": "Um, but it's not a good way to live your"}, {"start": "00:57:36", "end": "00:57:39", "text": "life. It's not a good way to win in"}, {"start": "00:57:37", "end": "00:57:43", "text": "life. And like he said, the, you know,"}, {"start": "00:57:39", "end": "00:57:44", "text": "life is rewards optimism and, uh,"}, {"start": "00:57:43", "end": "00:57:46", "text": "persistence. And if you're a persistent"}, {"start": "00:57:44", "end": "00:57:50", "text": "optimist and you just keep going and"}, {"start": "00:57:46", "end": "00:57:52", "text": "going and going uh over time you do win."}, {"start": "00:57:50", "end": "00:57:55", "text": "And it's also like you said, it's"}, {"start": "00:57:52", "end": "00:57:57", "text": "unbecoming of a man to be SCOP into doom"}, {"start": "00:57:55", "end": "00:58:01", "text": "dumerism whether it's AI whether no"}, {"start": "00:57:57", "end": "00:58:03", "text": "matter what it is you should be looking"}, {"start": "00:58:01", "end": "00:58:06", "text": "for the upside and finding your way to"}, {"start": "00:58:03", "end": "00:58:07", "text": "it because even if things are bad which"}, {"start": "00:58:06", "end": "00:58:09", "text": "sure there there's a lot of negativity"}, {"start": "00:58:07", "end": "00:58:11", "text": "in the world right now that but there"}, {"start": "00:58:09", "end": "00:58:13", "text": "has always again always been negativity"}, {"start": "00:58:11", "end": "00:58:14", "text": "in the world and you can either"}, {"start": "00:58:13", "end": "00:58:15", "text": ">> talk about it more now because we have"}, {"start": "00:58:14", "end": "00:58:16", "text": "internet"}, {"start": "00:58:15", "end": "00:58:18", "text": ">> yeah you have more awareness information"}, {"start": "00:58:16", "end": "00:58:20", "text": "moves faster now so if you go seeking"}, {"start": "00:58:18", "end": "00:58:21", "text": "out bad information it's much easier to"}, {"start": "00:58:20", "end": "00:58:23", "text": "locate it. If you go seeking out good"}, {"start": "00:58:21", "end": "00:58:26", "text": "information, it's much easier to locate"}, {"start": "00:58:23", "end": "00:58:28", "text": "it. But like a lot of what other people"}, {"start": "00:58:26", "end": "00:58:30", "text": "see in their timelines as far as like"}, {"start": "00:58:28", "end": "00:58:32", "text": "like you know, I had no idea that whole"}, {"start": "00:58:30", "end": "00:58:34", "text": "trial thing that went on that everybody"}, {"start": "00:58:32", "end": "00:58:37", "text": "was all upset about like that totally"}, {"start": "00:58:34", "end": "00:58:38", "text": "did not even enter my world or my you"}, {"start": "00:58:37", "end": "00:58:40", "text": "know like I didn't even know anything"}, {"start": "00:58:38", "end": "00:58:42", "text": "about it until it was over. And I'm like"}, {"start": "00:58:40", "end": "00:58:42", "text": "what are all these what are these memes?"}, {"start": "00:58:42", "end": "00:58:42", "text": "You know,"}, {"start": "00:58:42", "end": "00:58:45", "text": ">> right?"}, {"start": "00:58:42", "end": "00:58:47", "text": ">> You know, right? like I had no idea what"}, {"start": "00:58:45", "end": "00:58:49", "text": "people were talking and so many things"}, {"start": "00:58:47", "end": "00:58:52", "text": "like that are just not even on my radar"}, {"start": "00:58:49", "end": "00:58:54", "text": "because I'm seeing I'm seeing upside"}, {"start": "00:58:52", "end": "00:58:57", "text": "opportunities and if you aren't looking"}, {"start": "00:58:54", "end": "00:58:59", "text": "for a way to better yourself and better"}, {"start": "00:58:57", "end": "00:59:01", "text": "your family, move your family forward,"}, {"start": "00:58:59", "end": "00:59:03", "text": "then you're going to get left behind and"}, {"start": "00:59:01", "end": "00:59:04", "text": "you have a choice. You can either look"}, {"start": "00:59:03", "end": "00:59:06", "text": "at the good or look at the bad. And I'm"}, {"start": "00:59:04", "end": "00:59:08", "text": "a big believer in what you focus on"}, {"start": "00:59:06", "end": "00:59:10", "text": "expands. And it's just like this. Like"}, {"start": "00:59:08", "end": "00:59:11", "text": "if you're focused on my finger, you're"}, {"start": "00:59:10", "end": "00:59:12", "text": "going to get closer and closer and"}, {"start": "00:59:11", "end": "00:59:13", "text": "closer to it and then eventually that's"}, {"start": "00:59:12", "end": "00:59:15", "text": "all you can see, right? it takes up the"}, {"start": "00:59:13", "end": "00:59:17", "text": "whole thing. Or I should have done my"}, {"start": "00:59:15", "end": "00:59:19", "text": "hand, but effectively that's how what"}, {"start": "00:59:17", "end": "00:59:20", "text": "how that works. What you focus on"}, {"start": "00:59:19", "end": "00:59:22", "text": "expand. It will get bigger if you're"}, {"start": "00:59:20", "end": "00:59:24", "text": "focused on it. So if you're focused on"}, {"start": "00:59:22", "end": "00:59:26", "text": "bad, the bad will get bigger. If you're"}, {"start": "00:59:24", "end": "00:59:28", "text": "focused on good, it will get bigger. So"}, {"start": "00:59:26", "end": "00:59:30", "text": "yeah, that's my encouragement for today."}, {"start": "00:59:28", "end": "00:59:32", "text": "Focus on the good. Focus on the upside."}, {"start": "00:59:30", "end": "00:59:33", "text": ">> There's plenty of winners. I mean,"}, {"start": "00:59:32", "end": "00:59:36", "text": "there's winner after winner after winner"}, {"start": "00:59:33", "end": "00:59:38", "text": "on the on the timeline right now. I"}, {"start": "00:59:36", "end": "00:59:39", "text": "mean, it's just I mean, look at this. I"}, {"start": "00:59:38", "end": "00:59:41", "text": "mean, there's just so much winning ahead"}, {"start": "00:59:39", "end": "00:59:43", "text": "of us. And this is just just the"}, {"start": "00:59:41", "end": "00:59:45", "text": "beginning. Again, there'll be pullbacks"}, {"start": "00:59:43", "end": "00:59:46", "text": "along the way. You know, the biggest"}, {"start": "00:59:45", "end": "00:59:48", "text": "most important thing you need to be able"}, {"start": "00:59:46", "end": "00:59:51", "text": "to do is stay in the game. You know,"}, {"start": "00:59:48", "end": "00:59:53", "text": "don't uh don't get crazy with leverage."}, {"start": "00:59:51", "end": "00:59:54", "text": "You know, that's, you know, got to be"}, {"start": "00:59:53", "end": "00:59:56", "text": "conservative still. Like, obviously,"}, {"start": "00:59:54", "end": "00:59:58", "text": "there's a lot of hype. I know, again,"}, {"start": "00:59:56", "end": "01:00:00", "text": "FOMO is real. We probably just"}, {"start": "00:59:58", "end": "01:00:03", "text": "contributed to it a lot with this"}, {"start": "01:00:00", "end": "01:00:04", "text": "stream. So, stay the course. Get in, you"}, {"start": "01:00:03", "end": "01:00:06", "text": "know, if you're not in school yet, I"}, {"start": "01:00:04", "end": "01:00:08", "text": "highly recommend get in school. I'm"}, {"start": "01:00:06", "end": "01:00:09", "text": "already seeing plenty of people in there"}, {"start": "01:00:08", "end": "01:00:10", "text": "saying, \"Wow, this has changed"}, {"start": "01:00:09", "end": "01:00:12", "text": "everything. I've already, you know, paid"}, {"start": "01:00:10", "end": "01:00:14", "text": "for the year in one trade and all these"}, {"start": "01:00:12", "end": "01:00:16", "text": "different things. It's it's very"}, {"start": "01:00:14", "end": "01:00:18", "text": "valuable. And what it teaches you to do"}, {"start": "01:00:16", "end": "01:00:20", "text": "is think for yourself. I think that's"}, {"start": "01:00:18", "end": "01:00:22", "text": "going to be more important than ever as"}, {"start": "01:00:20", "end": "01:00:25", "text": "AI continues to explode. Critical"}, {"start": "01:00:22", "end": "01:00:26", "text": "thinking, establishing your own personal"}, {"start": "01:00:25", "end": "01:00:31", "text": "values and frameworks is really going to"}, {"start": "01:00:26", "end": "01:00:33", "text": "matter. So, get through that. Uh,"}, {"start": "01:00:31", "end": "01:00:35", "text": "Crypto2, come on, man. Well, I know"}, {"start": "01:00:33", "end": "01:00:38", "text": "which part you're focusing on, so I'm"}, {"start": "01:00:35", "end": "01:00:40", "text": "sure you are grateful, you know. So, uh,"}, {"start": "01:00:38", "end": "01:00:42", "text": "but no, keep Keep doing that. Get your"}, {"start": "01:00:40", "end": "01:00:44", "text": "framework together. Stick to your own"}, {"start": "01:00:42", "end": "01:00:46", "text": "plan. Don't get emotional. That's the"}, {"start": "01:00:44", "end": "01:00:48", "text": "hardest thing in crypto. And yeah, we'll"}, {"start": "01:00:46", "end": "01:00:50", "text": "keep stacking this up. We'll keep giving"}, {"start": "01:00:48", "end": "01:00:53", "text": "you our insights. And uh see you guys at"}, {"start": "01:00:50", "end": "01:00:53", "text": "the top."}]

[{"start": "00:00:00", "end": "00:00:06", "text": "Price go up now where you burn"}, {"start": "00:00:09", "end": "00:00:15", "text": "the tables turn bitcoin RISE BEERS GET"}, {"start": "00:00:12", "end": "00:00:15", "text": "BURNED."}, {"start": "00:00:17", "end": "00:00:22", "text": "Oh my god, this system is acting wild. I"}, {"start": "00:00:20", "end": "00:00:24", "text": "got too many tabs up, too much on my"}, {"start": "00:00:22", "end": "00:00:27", "text": "mind to talk about. Welcome to Discover"}, {"start": "00:00:24", "end": "00:00:29", "text": "Crypto. Good morning one. Good morning"}, {"start": "00:00:27", "end": "00:00:32", "text": "all. What a week. What a week we have"}, {"start": "00:00:29", "end": "00:00:35", "text": "had. The Clarity Act failed. The SEC has"}, {"start": "00:00:32", "end": "00:00:37", "text": "stepped in like the absolute savages"}, {"start": "00:00:35", "end": "00:00:39", "text": "that Paul Atkins is, giving us the"}, {"start": "00:00:37", "end": "00:00:42", "text": "exemptions to build here in the United"}, {"start": "00:00:39", "end": "00:00:44", "text": "States. The US crypto takeover is not"}, {"start": "00:00:42", "end": "00:00:46", "text": "starting. And we have some other news"}, {"start": "00:00:44", "end": "00:00:48", "text": "about the Bitcoin Strategic Reserve"}, {"start": "00:00:46", "end": "00:00:50", "text": "coming down the pipeline, actually"}, {"start": "00:00:48", "end": "00:00:51", "text": "moving forward. And a lot of our"}, {"start": "00:00:50", "end": "00:00:53", "text": "favorite altcoins are absolutely"}, {"start": "00:00:51", "end": "00:00:55", "text": "ripping. We are feeling good. I'm"}, {"start": "00:00:53", "end": "00:00:58", "text": "feeling fantastic. Feeling a little"}, {"start": "00:00:55", "end": "00:01:01", "text": "frisky. And I got my man, the myth, the"}, {"start": "00:00:58", "end": "00:01:02", "text": "legend, Mr. Kelly Kellum, with me on the"}, {"start": "00:01:01", "end": "00:01:03", "text": "show. Good to see you, man. How you"}, {"start": "00:01:02", "end": "00:01:05", "text": "doing?"}, {"start": "00:01:03", "end": "00:01:08", "text": ">> You know, my dog is keeping me active."}, {"start": "00:01:05", "end": "00:01:09", "text": "Uh, making sure I walk her 47 and a half"}, {"start": "00:01:08", "end": "00:01:11", "text": "times a day and take her to the dog"}, {"start": "00:01:09", "end": "00:01:12", "text": "park. But, uh, got to break away from"}, {"start": "00:01:11", "end": "00:01:14", "text": "these charts sometimes. I just want to"}, {"start": "00:01:12", "end": "00:01:16", "text": "let everybody know as exciting and"}, {"start": "00:01:14", "end": "00:01:18", "text": "frustrating and hope and fear, all the"}, {"start": "00:01:16", "end": "00:01:20", "text": "things that wrap into these markets. You"}, {"start": "00:01:18", "end": "00:01:22", "text": "got to make sure you're keeping your"}, {"start": "00:01:20", "end": "00:01:24", "text": "life balanced and staying on track of"}, {"start": "00:01:22", "end": "00:01:26", "text": "the relationships and the loved ones and"}, {"start": "00:01:24", "end": "00:01:28", "text": "the activity and self-care and all those"}, {"start": "00:01:26", "end": "00:01:30", "text": "things in your life. But uh hey, I"}, {"start": "00:01:28", "end": "00:01:32", "text": "picked up a little bit uh I made a"}, {"start": "00:01:30", "end": "00:01:36", "text": "pretty pretty big stab at the at an"}, {"start": "00:01:32", "end": "00:01:38", "text": "altcoin yesterday in the chop chop dip"}, {"start": "00:01:36", "end": "00:01:40", "text": "right literally like two minutes before"}, {"start": "00:01:38", "end": "00:01:42", "text": "the decision came out. And I'll show you"}, {"start": "00:01:40", "end": "00:01:44", "text": "what I bought and where I bought it and"}, {"start": "00:01:42", "end": "00:01:46", "text": "why I bought it um here in a little bit."}, {"start": "00:01:44", "end": "00:01:47", "text": "But yeah, dude, we got some really,"}, {"start": "00:01:46", "end": "00:01:50", "text": "really big things developing in the"}, {"start": "00:01:47", "end": "00:01:52", "text": "charts and also in the back end. SEC"}, {"start": "00:01:50", "end": "00:01:54", "text": "making some big swings. We'll talk about"}, {"start": "00:01:52", "end": "00:01:55", "text": "that here in a sec."}, {"start": "00:01:54", "end": "00:01:58", "text": ">> Absolutely. And the markets are feeling"}, {"start": "00:01:55", "end": "00:02:02", "text": "good. Bitcoin's up by 1.6% uh right"}, {"start": "00:01:58", "end": "00:02:04", "text": "around $77,000 right now. Ethereum"}, {"start": "00:02:02", "end": "00:02:07", "text": "cooked back up to that $2,500 mark. And"}, {"start": "00:02:04", "end": "00:02:08", "text": "as I said, some of the biggest gainers,"}, {"start": "00:02:07", "end": "00:02:10", "text": "a lot of the biggest gainers have"}, {"start": "00:02:08", "end": "00:02:13", "text": "actually been channel picks recently."}, {"start": "00:02:10", "end": "00:02:15", "text": "UniS swap, Near Protocol, Lighter, Aerod"}, {"start": "00:02:13", "end": "00:02:17", "text": "Drrome, Zcash, even though it's got its"}, {"start": "00:02:15", "end": "00:02:19", "text": "own things with me. I've acknowledged"}, {"start": "00:02:17", "end": "00:02:21", "text": "the charts and all five of the top"}, {"start": "00:02:19", "end": "00:02:23", "text": "gainers right now are some of our"}, {"start": "00:02:21", "end": "00:02:25", "text": "favorite projects. Venice, I know TJ's"}, {"start": "00:02:23", "end": "00:02:27", "text": "out there celebrating about Venice token"}, {"start": "00:02:25", "end": "00:02:29", "text": "right now, cooking back up to the $25"}, {"start": "00:02:27", "end": "00:02:31", "text": "mark. Now, this one kind of chaotic and"}, {"start": "00:02:29", "end": "00:02:33", "text": "I was thinking about it yesterday. Ono,"}, {"start": "00:02:31", "end": "00:02:35", "text": "I was looking at the chart yesterday."}, {"start": "00:02:33", "end": "00:02:37", "text": "It's still stuck under the 50cent mark."}, {"start": "00:02:35", "end": "00:02:40", "text": "Obviously, it's, you know, 37 cents, but"}, {"start": "00:02:37", "end": "00:02:42", "text": "over the last 24 hours, it's up by 12.9."}, {"start": "00:02:40", "end": "00:02:46", "text": "Canton making a move back up. A lot of"}, {"start": "00:02:42", "end": "00:02:48", "text": "fun being had on the markets right now."}, {"start": "00:02:46", "end": "00:02:49", "text": "And I got a lot on my mind. I got a lot"}, {"start": "00:02:48", "end": "00:02:54", "text": "on my mind. I put out a video last night"}, {"start": "00:02:49", "end": "00:02:57", "text": "about just my own economic thesis about"}, {"start": "00:02:54", "end": "00:02:59", "text": "stagflation that I think won't be talked"}, {"start": "00:02:57", "end": "00:03:01", "text": "about until a few years from now. So, if"}, {"start": "00:02:59", "end": "00:03:02", "text": "you get a chance, go check out that"}, {"start": "00:03:01", "end": "00:03:04", "text": "video. There's a lot of years of"}, {"start": "00:03:02", "end": "00:03:06", "text": "research and a lot of verification of"}, {"start": "00:03:04", "end": "00:03:09", "text": "what I've been thinking about and it's"}, {"start": "00:03:06", "end": "00:03:11", "text": "starting to play out in real time with"}, {"start": "00:03:09", "end": "00:03:13", "text": "inflation with the Fed and all the"}, {"start": "00:03:11", "end": "00:03:16", "text": "movements that we've seen recently in"}, {"start": "00:03:13", "end": "00:03:18", "text": "Bitcoin. Even though yesterday had some"}, {"start": "00:03:16", "end": "00:03:20", "text": "fireworks"}, {"start": "00:03:18", "end": "00:03:22", "text": "over the course of this morning, I mean,"}, {"start": "00:03:20", "end": "00:03:23", "text": "it seems like we're just grinding up and"}, {"start": "00:03:22", "end": "00:03:25", "text": "to the right. This is the Federal"}, {"start": "00:03:23", "end": "00:03:27", "text": "Reserve meeting right here. And this is"}, {"start": "00:03:25", "end": "00:03:29", "text": "the good oldfashioned get off my lawn"}, {"start": "00:03:27", "end": "00:03:31", "text": "chart pattern. What did you call it"}, {"start": "00:03:29", "end": "00:03:33", "text": "yesterday in chat Kelly? had a name for"}, {"start": "00:03:31", "end": "00:03:36", "text": "this these candles that we were seeing"}, {"start": "00:03:33", "end": "00:03:40", "text": "the liquidation hunt uh during the FOMC"}, {"start": "00:03:36", "end": "00:03:44", "text": "just whipsawing up and down up to 764"}, {"start": "00:03:40", "end": "00:03:46", "text": "down to 749. We tap 749 a few times."}, {"start": "00:03:44", "end": "00:03:48", "text": ">> I mean it was just just max liquidation"}, {"start": "00:03:46", "end": "00:03:49", "text": "hunt candles. You could see it. It's"}, {"start": "00:03:48", "end": "00:03:51", "text": "especially if you're on like look at the"}, {"start": "00:03:49", "end": "00:03:53", "text": "look at that on like the 15minute. It's"}, {"start": "00:03:51", "end": "00:03:55", "text": "just giant wick up, giant wick down,"}, {"start": "00:03:53", "end": "00:03:58", "text": "comes back to center, and it's just like"}, {"start": "00:03:55", "end": "00:04:00", "text": "it's just an absolute uh they're look at"}, {"start": "00:03:58", "end": "00:04:02", "text": "look at those wicks to the upside, wicks"}, {"start": "00:04:00", "end": "00:04:04", "text": "to the downside. They're literally just"}, {"start": "00:04:02", "end": "00:04:06", "text": "uh taking advantage of the the hope and"}, {"start": "00:04:04", "end": "00:04:08", "text": "fear in the market. And uh I took"}, {"start": "00:04:06", "end": "00:04:11", "text": "advantage of the fear in the market by"}, {"start": "00:04:08", "end": "00:04:13", "text": "buying in that swing because I'm going"}, {"start": "00:04:11", "end": "00:04:15", "text": "tell you why. despite any bullish"}, {"start": "00:04:13", "end": "00:04:18", "text": "divergences, despite all those other"}, {"start": "00:04:15", "end": "00:04:21", "text": "things that added to the reason why I"}, {"start": "00:04:18", "end": "00:04:24", "text": "was going to buy uh because the the hike"}, {"start": "00:04:21", "end": "00:04:26", "text": "yesterday was telegraphed. It was over a"}, {"start": "00:04:24", "end": "00:04:28", "text": "90% odds that it was going to be a rate"}, {"start": "00:04:26", "end": "00:04:29", "text": "hike. The market understood it was going"}, {"start": "00:04:28", "end": "00:04:31", "text": "to be a rate hike. So, if you get a rate"}, {"start": "00:04:29", "end": "00:04:33", "text": "hike, the market's most likely not going"}, {"start": "00:04:31", "end": "00:04:35", "text": "to dump into something that it knows is"}, {"start": "00:04:33", "end": "00:04:37", "text": "going to come. So, it's like, okay,"}, {"start": "00:04:35", "end": "00:04:39", "text": "you're gonna you're gonna scare some"}, {"start": "00:04:37", "end": "00:04:42", "text": "people. People fear selling. Cool. I'm a"}, {"start": "00:04:39", "end": "00:04:44", "text": "buyer, baby. Yeah, it was pretty uh"}, {"start": "00:04:42", "end": "00:04:46", "text": "funny watching all the bears, the"}, {"start": "00:04:44", "end": "00:04:48", "text": "Bitcoin bears that are looking for those"}, {"start": "00:04:46", "end": "00:04:50", "text": "massive lows sitting there wiggling in"}, {"start": "00:04:48", "end": "00:04:52", "text": "their chairs yesterday waiting for that"}, {"start": "00:04:50", "end": "00:04:55", "text": "massive wick to the downside. We did"}, {"start": "00:04:52", "end": "00:04:56", "text": "defend ourselves very nicely and on the"}, {"start": "00:04:55", "end": "00:04:58", "text": "larger time frames actually things are"}, {"start": "00:04:56", "end": "00:05:00", "text": "starting to flush out kind of bullish."}, {"start": "00:04:58", "end": "00:05:02", "text": "So the daily is the only thing that's"}, {"start": "00:05:00", "end": "00:05:04", "text": "got me concerned because the daily and"}, {"start": "00:05:02", "end": "00:05:06", "text": "the weekly they're still fighting and"}, {"start": "00:05:04", "end": "00:05:10", "text": "trying to kind of fend off this red"}, {"start": "00:05:06", "end": "00:05:11", "text": "money flow. So, we are right near a flat"}, {"start": "00:05:10", "end": "00:05:13", "text": "line on money flow, but the VWAP is"}, {"start": "00:05:11", "end": "00:05:16", "text": "clipping back to the upside and we're"}, {"start": "00:05:13", "end": "00:05:18", "text": "likely to be printing a green dot on the"}, {"start": "00:05:16", "end": "00:05:20", "text": "daily during today's trading hours as"}, {"start": "00:05:18", "end": "00:05:23", "text": "long as real chaos doesn't unfold on the"}, {"start": "00:05:20", "end": "00:05:25", "text": "4 hour. This is why I think that we got"}, {"start": "00:05:23", "end": "00:05:27", "text": "the juice in the tank to make that green"}, {"start": "00:05:25", "end": "00:05:29", "text": "dot happen on the daily as the 4 hour is"}, {"start": "00:05:27", "end": "00:05:31", "text": "already printing that green dot."}, {"start": "00:05:29", "end": "00:05:33", "text": "averages on the stochastic and RSI are"}, {"start": "00:05:31", "end": "00:05:35", "text": "moving to the upside on the top end of"}, {"start": "00:05:33", "end": "00:05:36", "text": "this money flow indicator and this is"}, {"start": "00:05:35", "end": "00:05:39", "text": "market cipher just for anyone that"}, {"start": "00:05:36", "end": "00:05:43", "text": "doesn't know but most people do know we"}, {"start": "00:05:39", "end": "00:05:45", "text": "tapped 749 a few times over the last few"}, {"start": "00:05:43", "end": "00:05:48", "text": "days and that proved as a decent bounce"}, {"start": "00:05:45", "end": "00:05:51", "text": "point right now and the longerterm time"}, {"start": "00:05:48", "end": "00:05:54", "text": "frames look just very very good. So, we"}, {"start": "00:05:51", "end": "00:05:57", "text": "have essentially the development. If we"}, {"start": "00:05:54", "end": "00:06:00", "text": "can turn this twoe candle green and"}, {"start": "00:05:57", "end": "00:06:02", "text": "recapture up near the $80,000 mark by"}, {"start": "00:06:00", "end": "00:06:04", "text": "the time this twoe candle closed, we're"}, {"start": "00:06:02", "end": "00:06:06", "text": "going to be looking real skippy here."}, {"start": "00:06:04", "end": "00:06:08", "text": "So, I'm feeling good. I'm feeling"}, {"start": "00:06:06", "end": "00:06:12", "text": "frisky. And Bitcoin has some things"}, {"start": "00:06:08", "end": "00:06:15", "text": "going for it. And it also has the"}, {"start": "00:06:12", "end": "00:06:17", "text": "trollin chief, Mr. Michael Sailor, came"}, {"start": "00:06:15", "end": "00:06:19", "text": "out with a very important message after"}, {"start": "00:06:17", "end": "00:06:21", "text": "yesterday's price action. Let's check"}, {"start": "00:06:19", "end": "00:06:24", "text": "out what Mr. Michael Sailor had to say"}, {"start": "00:06:21", "end": "00:06:27", "text": "or do rather in light of all this price"}, {"start": "00:06:24", "end": "00:06:27", "text": "action."}, {"start": "00:06:28", "end": "00:06:35", "text": "Oh, it's it's lagging on me. It gave me"}, {"start": "00:06:31", "end": "00:06:39", "text": "the spinning wheel of death. No,"}, {"start": "00:06:35", "end": "00:06:41", "text": "I'm so sad. I love this video. No, it"}, {"start": "00:06:39", "end": "00:06:44", "text": "ruined it for me. Maybe if I make it"}, {"start": "00:06:41", "end": "00:06:47", "text": "smaller. I don't know who is behind"}, {"start": "00:06:44", "end": "00:06:49", "text": "these AI videos for It might be dog."}, {"start": "00:06:47", "end": "00:06:51", "text": ">> Refresh that page. Yeah, let me give a"}, {"start": "00:06:49", "end": "00:06:53", "text": "quick refresh here. I got too many tabs"}, {"start": "00:06:51", "end": "00:06:55", "text": "up. I got too much to say. That's some"}, {"start": "00:06:53", "end": "00:06:57", "text": "of my problem is I got too much to say."}, {"start": "00:06:55", "end": "00:07:00", "text": "But this is uh Michael Sailor here."}, {"start": "00:06:57", "end": "00:07:02", "text": "Let's"}, {"start": "00:07:00", "end": "00:07:03", "text": "a see. It's not going to do it. It's not"}, {"start": "00:07:02", "end": "00:07:06", "text": "going to do it. This is terrible."}, {"start": "00:07:03", "end": "00:07:08", "text": "There's the bear after it gets punched"}, {"start": "00:07:06", "end": "00:07:11", "text": "against the the soda machine. It's very"}, {"start": "00:07:08", "end": "00:07:13", "text": "sad. God, I might have to clean up this"}, {"start": "00:07:11", "end": "00:07:14", "text": "computer. You know what? I might be"}, {"start": "00:07:13", "end": "00:07:17", "text": "doing too much on this computer because"}, {"start": "00:07:14", "end": "00:07:19", "text": "I edit videos, great, do all that stuff"}, {"start": "00:07:17", "end": "00:07:21", "text": "on this video, but Michael Sailor's got"}, {"start": "00:07:19", "end": "00:07:23", "text": "to be feeling pretty good right now."}, {"start": "00:07:21", "end": "00:07:25", "text": "Bitcoin has defended itself really,"}, {"start": "00:07:23", "end": "00:07:28", "text": "really nicely, and he's been kind of the"}, {"start": "00:07:25", "end": "00:07:29", "text": "uh scapegoat for all the pain. Not just"}, {"start": "00:07:28", "end": "00:07:31", "text": "Bitcoin doing well, though. We had"}, {"start": "00:07:29", "end": "00:07:34", "text": "nearly a trillion dollars has added to"}, {"start": "00:07:31", "end": "00:07:37", "text": "the US stock market at the open. The S&P"}, {"start": "00:07:34", "end": "00:07:40", "text": "500 jumped 1.2% 2% after yesterday's"}, {"start": "00:07:37", "end": "00:07:42", "text": "crash and a lot of the majors in the"}, {"start": "00:07:40", "end": "00:07:46", "text": "stock market are putting up some pretty"}, {"start": "00:07:42", "end": "00:07:49", "text": "big green days. And I just want to ask"}, {"start": "00:07:46", "end": "00:07:52", "text": "you your opinion cuz"}, {"start": "00:07:49", "end": "00:07:55", "text": "the stock market is feeling like an up"}, {"start": "00:07:52", "end": "00:07:58", "text": "only, you know, like max pain on the"}, {"start": "00:07:55", "end": "00:07:59", "text": "stock market is feeling like it's up"}, {"start": "00:07:58", "end": "00:08:02", "text": "only."}, {"start": "00:07:59", "end": "00:08:06", "text": "We've seen slight hiccups on, you know,"}, {"start": "00:08:02", "end": "00:08:09", "text": "the S&P 500 and the NASDAQ recently, but"}, {"start": "00:08:06", "end": "00:08:11", "text": "Kelly, you know, what is your opinion on"}, {"start": "00:08:09", "end": "00:08:15", "text": "how the stock market's been pulling"}, {"start": "00:08:11", "end": "00:08:18", "text": "back? Bitcoin has been really kind of"}, {"start": "00:08:15", "end": "00:08:21", "text": "flat in this 60 to $70,000 region."}, {"start": "00:08:18", "end": "00:08:23", "text": "During that time frame, a lot of people"}, {"start": "00:08:21", "end": "00:08:25", "text": "feel like they missed out and are just"}, {"start": "00:08:23", "end": "00:08:26", "text": "moving into the stock market at these"}, {"start": "00:08:25", "end": "00:08:29", "text": "highs. Like, what's your take? cuz I"}, {"start": "00:08:26", "end": "00:08:30", "text": "kind of have a balanced approach where,"}, {"start": "00:08:29", "end": "00:08:32", "text": "you know, we are still investing in the"}, {"start": "00:08:30", "end": "00:08:34", "text": "stock market in different rare earth"}, {"start": "00:08:32", "end": "00:08:38", "text": "mineral companies and and things like"}, {"start": "00:08:34", "end": "00:08:40", "text": "that. But it gets me a little concerned"}, {"start": "00:08:38", "end": "00:08:42", "text": "seeing people just forget about crypto"}, {"start": "00:08:40", "end": "00:08:45", "text": "in general and move to the stock market"}, {"start": "00:08:42", "end": "00:08:47", "text": "when they, you know, are basically"}, {"start": "00:08:45", "end": "00:08:48", "text": "buying all-time highs. Like what is your"}, {"start": "00:08:47", "end": "00:08:50", "text": "thought thoughts on that kind of"}, {"start": "00:08:48", "end": "00:08:52", "text": "situation going on right now?"}, {"start": "00:08:50", "end": "00:08:56", "text": ">> Well, first off, let's look back to"}, {"start": "00:08:52", "end": "00:08:58", "text": "2020. In 2020, we had a massive massive"}, {"start": "00:08:56", "end": "00:09:01", "text": "massive amount of money printed and we s"}, {"start": "00:08:58", "end": "00:09:02", "text": "we seem to forget that. I still think"}, {"start": "00:09:01", "end": "00:09:05", "text": "that there's money working its way into"}, {"start": "00:09:02", "end": "00:09:06", "text": "the system. Um, so on the one hand, it"}, {"start": "00:09:05", "end": "00:09:08", "text": "feels like things are very constricted"}, {"start": "00:09:06", "end": "00:09:10", "text": "and tight around, you know, this chaos"}, {"start": "00:09:08", "end": "00:09:12", "text": "market that we've seen and how could it"}, {"start": "00:09:10", "end": "00:09:13", "text": "be going up in the face of all this"}, {"start": "00:09:12", "end": "00:09:15", "text": "struggle bus, but at the same time,"}, {"start": "00:09:13", "end": "00:09:16", "text": "throw it to my throw it to my screen"}, {"start": "00:09:15", "end": "00:09:19", "text": "right here. Yeah,"}, {"start": "00:09:16", "end": "00:09:21", "text": ">> there are $7.97"}, {"start": "00:09:19", "end": "00:09:24", "text": "trillion."}, {"start": "00:09:21", "end": "00:09:27", "text": "$7.97 trillion in uh in money market"}, {"start": "00:09:24", "end": "00:09:29", "text": "funds right now. Seven over $7 trillion."}, {"start": "00:09:27", "end": "00:09:31", "text": "That's people that have been kind of,"}, {"start": "00:09:29", "end": "00:09:33", "text": "you know, parking their money somewhere"}, {"start": "00:09:31", "end": "00:09:34", "text": "that's a bit safe, you know, but you"}, {"start": "00:09:33", "end": "00:09:36", "text": "know, kind of sitting out of this"}, {"start": "00:09:34", "end": "00:09:38", "text": "massive ride we've seen in the"}, {"start": "00:09:36", "end": "00:09:40", "text": "investment vehicles and the stock market"}, {"start": "00:09:38", "end": "00:09:42", "text": "and crypto and AI and equities and ETFs,"}, {"start": "00:09:40", "end": "00:09:45", "text": "so on and so forth. So on the one hand"}, {"start": "00:09:42", "end": "00:09:48", "text": "it feels like it feels because we we're"}, {"start": "00:09:45", "end": "00:09:49", "text": "all numb skulls like the the moves have"}, {"start": "00:09:48", "end": "00:09:51", "text": "happened and how could it go higher. On"}, {"start": "00:09:49", "end": "00:09:53", "text": "the other hand there's almost $8"}, {"start": "00:09:51", "end": "00:09:55", "text": "trillion that's parked ready to uh be"}, {"start": "00:09:53", "end": "00:09:57", "text": "moved back in the market when people"}, {"start": "00:09:55", "end": "00:09:59", "text": "feel safe and at some point and there's"}, {"start": "00:09:57", "end": "00:10:00", "text": "going to be different factions of people"}, {"start": "00:09:59", "end": "00:10:02", "text": "that do it. Some people are going to be"}, {"start": "00:10:00", "end": "00:10:03", "text": "more aggressive and have already started"}, {"start": "00:10:02", "end": "00:10:05", "text": "moving money. Other people are going to"}, {"start": "00:10:03", "end": "00:10:06", "text": "wait until the market goes higher and"}, {"start": "00:10:05", "end": "00:10:08", "text": "they don't want to miss it any longer."}, {"start": "00:10:06", "end": "00:10:10", "text": "So on the one hand it feels again like"}, {"start": "00:10:08", "end": "00:10:12", "text": "it's a chaos market and how could it go"}, {"start": "00:10:10", "end": "00:10:13", "text": "up? But at the same time, we've also"}, {"start": "00:10:12", "end": "00:10:16", "text": "seen that shift. And I highlighted this"}, {"start": "00:10:13", "end": "00:10:18", "text": "the other day. S&P 500 having a pullback"}, {"start": "00:10:16", "end": "00:10:22", "text": "while Bitcoin is very beautifully"}, {"start": "00:10:18", "end": "00:10:24", "text": "forming this uh a very rounded bottom"}, {"start": "00:10:22", "end": "00:10:26", "text": "here. Also inverse head and shoulders,"}, {"start": "00:10:24", "end": "00:10:28", "text": "shoulder head if we do get the dip that"}, {"start": "00:10:26", "end": "00:10:30", "text": "everybody's so worried about. I would be"}, {"start": "00:10:28", "end": "00:10:33", "text": "cheering from the sidelines with with"}, {"start": "00:10:30", "end": "00:10:36", "text": "cheerleader flags because if you got a"}, {"start": "00:10:33", "end": "00:10:38", "text": "dip down to that 70,00072,000"}, {"start": "00:10:36", "end": "00:10:39", "text": "uh dollar level, if we get it, I'm not"}, {"start": "00:10:38", "end": "00:10:41", "text": "saying we will, then that would"}, {"start": "00:10:39", "end": "00:10:44", "text": "represent this forming a bit of that"}, {"start": "00:10:41", "end": "00:10:47", "text": "right shoulder. So then now you have a"}, {"start": "00:10:44", "end": "00:10:49", "text": "stronger bottoming case uh and structure"}, {"start": "00:10:47", "end": "00:10:52", "text": "uh to move to the upside. And and the"}, {"start": "00:10:49", "end": "00:10:54", "text": "flip side of that is there's so much"}, {"start": "00:10:52", "end": "00:10:56", "text": "going on in the market right now and"}, {"start": "00:10:54", "end": "00:10:58", "text": "I've got quite a bit of things right"}, {"start": "00:10:56", "end": "00:11:00", "text": "here. Uh we have, you know, we're going"}, {"start": "00:10:58", "end": "00:11:03", "text": "to talk about this in a second, but this"}, {"start": "00:11:00", "end": "00:11:05", "text": "uh the the SEC moving forward despite"}, {"start": "00:11:03", "end": "00:11:07", "text": "clarity and when you're looking at"}, {"start": "00:11:05", "end": "00:11:09", "text": "what's going on, uh going back to this"}, {"start": "00:11:07", "end": "00:11:12", "text": "the the shape of the market structure,"}, {"start": "00:11:09", "end": "00:11:15", "text": "this is 2022 into the start of the bull"}, {"start": "00:11:12", "end": "00:11:18", "text": "market in January of 2023. And what"}, {"start": "00:11:15", "end": "00:11:21", "text": "we're seeing here is that bottom at 15"}, {"start": "00:11:18", "end": "00:11:24", "text": "15.5K kind of kind of a W pattern here,"}, {"start": "00:11:21", "end": "00:11:26", "text": "right? But the breakout, a pullback,"}, {"start": "00:11:24", "end": "00:11:28", "text": "another move up, a larger move down, and"}, {"start": "00:11:26", "end": "00:11:32", "text": "then the launch. Now, this is looking"}, {"start": "00:11:28", "end": "00:11:35", "text": "very very similar to this was this is"}, {"start": "00:11:32", "end": "00:11:36", "text": "this second this right there is is this"}, {"start": "00:11:35", "end": "00:11:39", "text": "portion right here that we're seeing in"}, {"start": "00:11:36", "end": "00:11:41", "text": "the market in today's price action. We"}, {"start": "00:11:39", "end": "00:11:43", "text": "got the move up. We got the first move"}, {"start": "00:11:41", "end": "00:11:45", "text": "down just like we got the first move"}, {"start": "00:11:43", "end": "00:11:47", "text": "down there. We may or may not get this."}, {"start": "00:11:45", "end": "00:11:51", "text": "Everybody's betting bearishly that we're"}, {"start": "00:11:47", "end": "00:11:53", "text": "still going to go 40,000, 55,000. I'm"}, {"start": "00:11:51", "end": "00:11:54", "text": "not seeing it. I'm not even sure we're"}, {"start": "00:11:53", "end": "00:11:57", "text": "going to get this kind of move here to"}, {"start": "00:11:54", "end": "00:11:59", "text": "get down to the golden pocket because as"}, {"start": "00:11:57", "end": "00:12:01", "text": "it stands right now, any any support"}, {"start": "00:11:59", "end": "00:12:03", "text": "that comes in here, if we're able to"}, {"start": "00:12:01", "end": "00:12:05", "text": "overtake this, uh you everybody's going"}, {"start": "00:12:03", "end": "00:12:09", "text": "to be so mad that they weren't buying at"}, {"start": "00:12:05", "end": "00:12:11", "text": "these lows of 60,000, 59,000, 62,000."}, {"start": "00:12:09", "end": "00:12:15", "text": "even here on the pullback 10% dip down"}, {"start": "00:12:11", "end": "00:12:17", "text": "into the look se just above that $74,000"}, {"start": "00:12:15", "end": "00:12:18", "text": "that we were talking about. So I'm I'm"}, {"start": "00:12:17", "end": "00:12:20", "text": "feeling good about the market. There's a"}, {"start": "00:12:18", "end": "00:12:22", "text": "lot of things on the horizon I think. Uh"}, {"start": "00:12:20", "end": "00:12:25", "text": "and lastly I just wanted to highlight"}, {"start": "00:12:22", "end": "00:12:28", "text": "not only do we have this very similar"}, {"start": "00:12:25", "end": "00:12:30", "text": "move we also see on the short-term"}, {"start": "00:12:28", "end": "00:12:33", "text": "momentum. Look at this is 2020. This is"}, {"start": "00:12:30", "end": "00:12:35", "text": "that same period of time same period the"}, {"start": "00:12:33", "end": "00:12:37", "text": "two charts we just looked at. This is a"}, {"start": "00:12:35", "end": "00:12:39", "text": "short-term holder momentum indicator."}, {"start": "00:12:37", "end": "00:12:42", "text": "Now look at where this breaks beyond the"}, {"start": "00:12:39", "end": "00:12:44", "text": "zero line. Look at where this is. Boom."}, {"start": "00:12:42", "end": "00:12:47", "text": "Right on this breakout. Look at where"}, {"start": "00:12:44", "end": "00:12:49", "text": "this finally broke the zero line. Right"}, {"start": "00:12:47", "end": "00:12:51", "text": "on this breakout. Not only that, we are"}, {"start": "00:12:49", "end": "00:12:54", "text": "above the short-term holder cost basis."}, {"start": "00:12:51", "end": "00:12:57", "text": "We've got massive massive moves uh"}, {"start": "00:12:54", "end": "00:12:59", "text": "massive moves in ETFs, 50% draw down on"}, {"start": "00:12:57", "end": "00:13:02", "text": "Bitcoin, and yet we're still sitting at,"}, {"start": "00:12:59", "end": "00:13:04", "text": "you know, very nearly indistinguishable"}, {"start": "00:13:02", "end": "00:13:07", "text": "uh indistinguishable dip on the net"}, {"start": "00:13:04", "end": "00:13:10", "text": "flow. still holding about $55 billion in"}, {"start": "00:13:07", "end": "00:13:12", "text": "ETF uh capital there. It's not selling"}, {"start": "00:13:10", "end": "00:13:16", "text": "out. Uh so I I would I think it would"}, {"start": "00:13:12", "end": "00:13:17", "text": "take ETFs having a very big sell-off for"}, {"start": "00:13:16", "end": "00:13:19", "text": "us to get that big move down that"}, {"start": "00:13:17", "end": "00:13:21", "text": "everybody's want wanting. But I will"}, {"start": "00:13:19", "end": "00:13:23", "text": "share one bearish take here and it's not"}, {"start": "00:13:21", "end": "00:13:24", "text": "still it's not bearish, but it's a more"}, {"start": "00:13:23", "end": "00:13:26", "text": "bearish take than I'm looking at. And"}, {"start": "00:13:24", "end": "00:13:28", "text": "this is from Cryptocon. Always great"}, {"start": "00:13:26", "end": "00:13:30", "text": "charts. Uh but this is suggesting that"}, {"start": "00:13:28", "end": "00:13:32", "text": "we do get one more move lower. I think"}, {"start": "00:13:30", "end": "00:13:35", "text": "this is a bit asinine thinking we're"}, {"start": "00:13:32", "end": "00:13:38", "text": "coming down here into that low 50s,"}, {"start": "00:13:35", "end": "00:13:40", "text": "upper 40s sort of territory, but there"}, {"start": "00:13:38", "end": "00:13:42", "text": "are reasons to believe it could exist."}, {"start": "00:13:40", "end": "00:13:44", "text": "So for me, I always keep dry powder on"}, {"start": "00:13:42", "end": "00:13:47", "text": "the sideline, but I'm looking at this"}, {"start": "00:13:44", "end": "00:13:49", "text": "market, seeing the swings, seeing the I"}, {"start": "00:13:47", "end": "00:13:52", "text": "mean, this is a bottom formation, not a"}, {"start": "00:13:49", "end": "00:13:54", "text": "top formation. The bottom is in. I think"}, {"start": "00:13:52", "end": "00:13:55", "text": "we uh I think we just keep stacking on"}, {"start": "00:13:54", "end": "00:13:57", "text": "any dip we get."}, {"start": "00:13:55", "end": "00:13:59", "text": ">> No, absolutely. And I want to you know"}, {"start": "00:13:57", "end": "00:14:02", "text": "your first chart is something very"}, {"start": "00:13:59", "end": "00:14:04", "text": "interesting that I did share yesterday"}, {"start": "00:14:02", "end": "00:14:07", "text": "and over the course of the last few days"}, {"start": "00:14:04", "end": "00:14:09", "text": "we got very very close to tapping the"}, {"start": "00:14:07", "end": "00:14:11", "text": "beginning of where that golden pock"}, {"start": "00:14:09", "end": "00:14:13", "text": "pocket starts at 74480"}, {"start": "00:14:11", "end": "00:14:16", "text": "is essentially where it starts on my"}, {"start": "00:14:13", "end": "00:14:19", "text": "chart from that local pullback at about"}, {"start": "00:14:16", "end": "00:14:21", "text": "$82,000 down to the lows of 57k."}, {"start": "00:14:19", "end": "00:14:23", "text": "So, you know, in general, we got pretty"}, {"start": "00:14:21", "end": "00:14:26", "text": "close to tapping that zone anyways. And"}, {"start": "00:14:23", "end": "00:14:28", "text": "to your point on the ETF outflows, we"}, {"start": "00:14:26", "end": "00:14:31", "text": "did see half a billion dollar in"}, {"start": "00:14:28", "end": "00:14:33", "text": "outflows."}, {"start": "00:14:31", "end": "00:14:35", "text": ">> I'm I'm gonna share something with you"}, {"start": "00:14:33", "end": "00:14:37", "text": "because this is important. I I"}, {"start": "00:14:35", "end": "00:14:39", "text": "understand how you drew that and why you"}, {"start": "00:14:37", "end": "00:14:42", "text": "drew it that way. Uh let's go back over"}, {"start": "00:14:39", "end": "00:14:44", "text": "to Bitcoin. But just just to make sure"}, {"start": "00:14:42", "end": "00:14:46", "text": "everybody understands that that is not"}, {"start": "00:14:44", "end": "00:14:49", "text": "how you draw you don't draw the golden"}, {"start": "00:14:46", "end": "00:14:51", "text": "pocket from here from here down. You"}, {"start": "00:14:49", "end": "00:14:54", "text": "draw the golden pocket if you're looking"}, {"start": "00:14:51", "end": "00:14:58", "text": "for a retrace from the bottom right here"}, {"start": "00:14:54", "end": "00:15:02", "text": "up. And that golden pocket is about 60"}, {"start": "00:14:58", "end": "00:15:04", "text": "67 to $70,000. If you do it from the"}, {"start": "00:15:02", "end": "00:15:06", "text": "move of the breakout that would be right"}, {"start": "00:15:04", "end": "00:15:08", "text": "here about 70,000. So you draw from the"}, {"start": "00:15:06", "end": "00:15:09", "text": "bottom up. That's the That's the golden"}, {"start": "00:15:08", "end": "00:15:11", "text": "pocket you look at"}, {"start": "00:15:09", "end": "00:15:15", "text": ">> on that more kind of recent local move"}, {"start": "00:15:11", "end": "00:15:18", "text": "uh moving from 62 to 74 or 82 rather."}, {"start": "00:15:15", "end": "00:15:20", "text": ">> Yeah. So, when you're looking for a fib"}, {"start": "00:15:18", "end": "00:15:22", "text": "pullbacks, you're drawing from the"}, {"start": "00:15:20", "end": "00:15:24", "text": "bottom, clicking on the bottom first up."}, {"start": "00:15:22", "end": "00:15:26", "text": "And so, this is the first most bullish"}, {"start": "00:15:24", "end": "00:15:27", "text": "pullback, the 382. Look, we hit it"}, {"start": "00:15:26", "end": "00:15:30", "text": "perfectly. The golden pocket on this"}, {"start": "00:15:27", "end": "00:15:31", "text": "would be about $70,000. The golden"}, {"start": "00:15:30", "end": "00:15:33", "text": "pocket you drew, which is not"}, {"start": "00:15:31", "end": "00:15:35", "text": "necessarily incorrect, it's just measure"}, {"start": "00:15:33", "end": "00:15:37", "text": "something different. If you measure from"}, {"start": "00:15:35", "end": "00:15:39", "text": "the top down, then this is measuring the"}, {"start": "00:15:37", "end": "00:15:40", "text": "golden pocket of where a bounce could"}, {"start": "00:15:39", "end": "00:15:42", "text": "get rejected at."}, {"start": "00:15:40", "end": "00:15:44", "text": ">> So, if you're looking for a pullback on"}, {"start": "00:15:42", "end": "00:15:46", "text": "a bullish move, you draw from the bottom"}, {"start": "00:15:44", "end": "00:15:48", "text": "up. If you're looking for a dip uh or"}, {"start": "00:15:46", "end": "00:15:50", "text": "sorry, a bounce up into something, then"}, {"start": "00:15:48", "end": "00:15:52", "text": "you measure from the top down. So, this"}, {"start": "00:15:50", "end": "00:15:54", "text": "is the area we're looking at for the"}, {"start": "00:15:52", "end": "00:15:55", "text": "golden pocket on this on this move."}, {"start": "00:15:54", "end": "00:15:57", "text": ">> Yeah. Yeah. And at the time I was"}, {"start": "00:15:55", "end": "00:16:00", "text": "holding on to it because there was still"}, {"start": "00:15:57", "end": "00:16:03", "text": "that I mean there was a stronger case"}, {"start": "00:16:00", "end": "00:16:05", "text": "for a massive bearish move below that"}, {"start": "00:16:03", "end": "00:16:09", "text": "60k shelf. And I do want us to actually"}, {"start": "00:16:05", "end": "00:16:12", "text": "go look at the ETF flows. God, my I'm"}, {"start": "00:16:09", "end": "00:16:14", "text": "overloading my computer with charts and"}, {"start": "00:16:12", "end": "00:16:16", "text": "uh stories right now. But I know we had"}, {"start": "00:16:14", "end": "00:16:19", "text": "a half a billion dollars in outflows"}, {"start": "00:16:16", "end": "00:16:23", "text": "about two days ago. And we also Wow,"}, {"start": "00:16:19", "end": "00:16:26", "text": "this is crazy, Kelly. So, we also had"}, {"start": "00:16:23", "end": "00:16:31", "text": "$295 million in outflows yesterday. So,"}, {"start": "00:16:26", "end": "00:16:34", "text": "the 15th and the 16th account for"}, {"start": "00:16:31", "end": "00:16:37", "text": "I mean that's over $700 million in"}, {"start": "00:16:34", "end": "00:16:39", "text": "outflows, nearly a billion dollars. And"}, {"start": "00:16:37", "end": "00:16:41", "text": "so, we're seeing outflows actually"}, {"start": "00:16:39", "end": "00:16:44", "text": "happening pretty strongly right now and"}, {"start": "00:16:41", "end": "00:16:46", "text": "that move. So the spot must be driving,"}, {"start": "00:16:44", "end": "00:16:48", "text": "you know, the traditional kind of basic"}, {"start": "00:16:46", "end": "00:16:51", "text": "market. The crypto whales are probably"}, {"start": "00:16:48", "end": "00:16:53", "text": "the ones that are driving this movement."}, {"start": "00:16:51", "end": "00:16:57", "text": "And this is kind of interesting to see"}, {"start": "00:16:53", "end": "00:16:59", "text": "because there's been so much shorty"}, {"start": "00:16:57", "end": "00:17:03", "text": "within traditional four-year cycle Bo B"}, {"start": "00:16:59", "end": "00:17:04", "text": "bros that were going down into that 70%"}, {"start": "00:17:03", "end": "00:17:08", "text": "holdback. And I you know what I really"}, {"start": "00:17:04", "end": "00:17:10", "text": "liked about two weeks ago it was Matthew"}, {"start": "00:17:08", "end": "00:17:14", "text": "Highland that highlighted the current"}, {"start": "00:17:10", "end": "00:17:16", "text": "Ballinger band structure of Bitcoin. And"}, {"start": "00:17:14", "end": "00:17:19", "text": "you know, I went back in time to find"}, {"start": "00:17:16", "end": "00:17:21", "text": "that Ballinger band, the same Ballinger"}, {"start": "00:17:19", "end": "00:17:23", "text": "band design,"}, {"start": "00:17:21", "end": "00:17:26", "text": "and it painted a picture that we're"}, {"start": "00:17:23", "end": "00:17:28", "text": "actually a lot more bullish and a lot"}, {"start": "00:17:26", "end": "00:17:30", "text": "further through the bare market than"}, {"start": "00:17:28", "end": "00:17:33", "text": "even I thought when I when I compared"}, {"start": "00:17:30", "end": "00:17:37", "text": "that. It's essentially two giant ovals"}, {"start": "00:17:33", "end": "00:17:39", "text": "with a channel in between. kind of looks"}, {"start": "00:17:37", "end": "00:17:41", "text": "like a phallic symbol a little bit, but"}, {"start": "00:17:39", "end": "00:17:44", "text": "it's a design on the Ballinger bands"}, {"start": "00:17:41", "end": "00:17:46", "text": "that I hadn't seen since essentially I"}, {"start": "00:17:44", "end": "00:17:48", "text": "mean the moment that it marks out that"}, {"start": "00:17:46", "end": "00:17:50", "text": "we're at. Let me get this market cipher"}, {"start": "00:17:48", "end": "00:17:52", "text": "out of the way here. I got so many I got"}, {"start": "00:17:50", "end": "00:17:54", "text": "the toolbar you you showed me the"}, {"start": "00:17:52", "end": "00:17:58", "text": "toolbar and it's blocking my view here."}, {"start": "00:17:54", "end": "00:18:01", "text": "So, we got January 20 or right around"}, {"start": "00:17:58", "end": "00:18:02", "text": "like February 2023 is what I'm seeing."}, {"start": "00:18:01", "end": "00:18:05", "text": "Like, do you see that? Do you see the"}, {"start": "00:18:02", "end": "00:18:06", "text": "similarity here? like the the bounce"}, {"start": "00:18:05", "end": "00:18:09", "text": "pattern where you enter the top of the"}, {"start": "00:18:06", "end": "00:18:12", "text": "Ballinger band on your way down, you"}, {"start": "00:18:09", "end": "00:18:14", "text": "consolidate at the bottom, and then you"}, {"start": "00:18:12", "end": "00:18:17", "text": "pop out at the top end. There wasn't"}, {"start": "00:18:14", "end": "00:18:21", "text": "really anything else that stuck out as a"}, {"start": "00:18:17", "end": "00:18:22", "text": "a measurable kind of design like this in"}, {"start": "00:18:21", "end": "00:18:25", "text": "Bitcoin's history on the daily time"}, {"start": "00:18:22", "end": "00:18:27", "text": "frame. And so it's just another piece of"}, {"start": "00:18:25", "end": "00:18:29", "text": "confluence where I'm like, you know,"}, {"start": "00:18:27", "end": "00:18:33", "text": "maybe"}, {"start": "00:18:29", "end": "00:18:34", "text": "maybe this Ballinger band design is"}, {"start": "00:18:33", "end": "00:18:36", "text": "essentially the one that we have to pay"}, {"start": "00:18:34", "end": "00:18:38", "text": "attention to in the bare market after"}, {"start": "00:18:36", "end": "00:18:40", "text": "this one too because this is where the"}, {"start": "00:18:38", "end": "00:18:42", "text": "market's grown up a little bit. You"}, {"start": "00:18:40", "end": "00:18:45", "text": "know, the 2023 time fra time time frame,"}, {"start": "00:18:42", "end": "00:18:47", "text": "we were at about 200300 billion market"}, {"start": "00:18:45", "end": "00:18:49", "text": "cap. Now we're painting this bottom at a"}, {"start": "00:18:47", "end": "00:18:52", "text": "1.5.6"}, {"start": "00:18:49", "end": "00:18:53", "text": "tr uh trillion dollar market cap. It"}, {"start": "00:18:52", "end": "00:18:56", "text": "makes me think that I need to pay"}, {"start": "00:18:53", "end": "00:18:58", "text": "attention to this type of pattern on the"}, {"start": "00:18:56", "end": "00:18:59", "text": "Ballinger band more concisely. That's"}, {"start": "00:18:58", "end": "00:19:01", "text": "just my personal I mean, what do you"}, {"start": "00:18:59", "end": "00:19:04", "text": "think of these these uh measurements"}, {"start": "00:19:01", "end": "00:19:06", "text": "right now? Because that is something"}, {"start": "00:19:04", "end": "00:19:08", "text": "that I want I want cheaper Bitcoin, but"}, {"start": "00:19:06", "end": "00:19:09", "text": "I'm just kind of doubting I'm going to"}, {"start": "00:19:08", "end": "00:19:12", "text": "get it right now."}, {"start": "00:19:09", "end": "00:19:14", "text": ">> Yeah, just really quick little training"}, {"start": "00:19:12", "end": "00:19:16", "text": "session here, everybody. Ballinger bands"}, {"start": "00:19:14", "end": "00:19:17", "text": "are essentially you have the moving"}, {"start": "00:19:16", "end": "00:19:19", "text": "average in the middle, which is the 20"}, {"start": "00:19:17", "end": "00:19:21", "text": "moving average. That's the center line."}, {"start": "00:19:19", "end": "00:19:22", "text": "Uh so whatever time period you're"}, {"start": "00:19:21", "end": "00:19:24", "text": "looking at, if you're looking at the"}, {"start": "00:19:22", "end": "00:19:26", "text": "daily, that's a 20-day moving average."}, {"start": "00:19:24", "end": "00:19:28", "text": "And then you have uh the band on the"}, {"start": "00:19:26", "end": "00:19:31", "text": "upside and the band on the low side. And"}, {"start": "00:19:28", "end": "00:19:33", "text": "it's looking back at the average move uh"}, {"start": "00:19:31", "end": "00:19:36", "text": "the volatility essentially over the last"}, {"start": "00:19:33", "end": "00:19:37", "text": "20 period. And so when you have uh no"}, {"start": "00:19:36", "end": "00:19:40", "text": "real volatility, price is basically"}, {"start": "00:19:37", "end": "00:19:42", "text": "sitting in a small range, then th those"}, {"start": "00:19:40", "end": "00:19:44", "text": "bands can strict down because over the"}, {"start": "00:19:42", "end": "00:19:45", "text": "period of that the last 20 days and the"}, {"start": "00:19:44", "end": "00:19:49", "text": "longer it goes, the tighter those bands"}, {"start": "00:19:45", "end": "00:19:52", "text": "get and it gives you essentially a 95%"}, {"start": "00:19:49", "end": "00:19:54", "text": "uh you know odds kind of deal uh that"}, {"start": "00:19:52", "end": "00:19:57", "text": "the price action is going to be within"}, {"start": "00:19:54", "end": "00:19:58", "text": "those. Now that doesn't mean it has to"}, {"start": "00:19:57", "end": "00:20:00", "text": "stay within those. That essentially"}, {"start": "00:19:58", "end": "00:20:02", "text": "means that you have one standard"}, {"start": "00:20:00", "end": "00:20:06", "text": "deviation above, one standard deviation"}, {"start": "00:20:02", "end": "00:20:08", "text": "below based on the last 20 period of of."}, {"start": "00:20:06", "end": "00:20:10", "text": "So long story short, everything in"}, {"start": "00:20:08", "end": "00:20:11", "text": "markets is cyclicals. When uh when you"}, {"start": "00:20:10", "end": "00:20:12", "text": "look at uh money flow, it goes up and"}, {"start": "00:20:11", "end": "00:20:15", "text": "then it comes down. Same thing,"}, {"start": "00:20:12", "end": "00:20:17", "text": "volatility expands big. Look at that big"}, {"start": "00:20:15", "end": "00:20:18", "text": "red candle to the downside. Massive"}, {"start": "00:20:17", "end": "00:20:20", "text": "volatility. And what happened? Look at"}, {"start": "00:20:18", "end": "00:20:22", "text": "the Ballinger bands. They got very wide,"}, {"start": "00:20:20", "end": "00:20:24", "text": "not just to the downside. It also gave"}, {"start": "00:20:22", "end": "00:20:26", "text": "got very wide to the upside because it's"}, {"start": "00:20:24", "end": "00:20:28", "text": "giving a much wider range of where"}, {"start": "00:20:26", "end": "00:20:30", "text": "volatility could go. So when you have a"}, {"start": "00:20:28", "end": "00:20:32", "text": "huge w uh widening of the Ballinger"}, {"start": "00:20:30", "end": "00:20:34", "text": "bands like that, it means that there's"}, {"start": "00:20:32", "end": "00:20:35", "text": "likely going to be some cool down, some"}, {"start": "00:20:34", "end": "00:20:37", "text": "constriction. And what do you see right"}, {"start": "00:20:35", "end": "00:20:38", "text": "after that? Constriction. And then now"}, {"start": "00:20:37", "end": "00:20:40", "text": "you get the tight constriction and then"}, {"start": "00:20:38", "end": "00:20:43", "text": "it pinches. And then what happens now?"}, {"start": "00:20:40", "end": "00:20:45", "text": "It's going cyclical from very volatile"}, {"start": "00:20:43", "end": "00:20:48", "text": "to very very constricted to big"}, {"start": "00:20:45", "end": "00:20:50", "text": "volatility explosion. Uh and so that's"}, {"start": "00:20:48", "end": "00:20:51", "text": "what we're looking at in this regard."}, {"start": "00:20:50", "end": "00:20:53", "text": "But there's another thing that I I"}, {"start": "00:20:51", "end": "00:20:56", "text": "wanted to highlight as well, and that is"}, {"start": "00:20:53", "end": "00:21:00", "text": "this right here. This red line. This red"}, {"start": "00:20:56", "end": "00:21:02", "text": "line uh is played a massive massive role"}, {"start": "00:21:00", "end": "00:21:05", "text": "in the market since the all-time high"}, {"start": "00:21:02", "end": "00:21:06", "text": "back here in 2017. All-time high, bounce"}, {"start": "00:21:05", "end": "00:21:09", "text": "here, bounce here, bounce here, bounce"}, {"start": "00:21:06", "end": "00:21:11", "text": "here. Look at this rejection here."}, {"start": "00:21:09", "end": "00:21:13", "text": "Bounce here. Look at where we found that"}, {"start": "00:21:11", "end": "00:21:14", "text": "initial kind of bottom and then we got"}, {"start": "00:21:13", "end": "00:21:16", "text": "the dip below it. Not only did we get"}, {"start": "00:21:14", "end": "00:21:18", "text": "the dip below it, look, when we got the"}, {"start": "00:21:16", "end": "00:21:20", "text": "dip below it, it ended up acting as"}, {"start": "00:21:18", "end": "00:21:22", "text": "resistance as well. So this strengthens"}, {"start": "00:21:20", "end": "00:21:25", "text": "my theory and yes it is the theory that"}, {"start": "00:21:22", "end": "00:21:28", "text": "if we get a pullback I am not worried at"}, {"start": "00:21:25", "end": "00:21:30", "text": "all. If we get a pullback into this zone"}, {"start": "00:21:28", "end": "00:21:33", "text": "that ju I mean this just really provides"}, {"start": "00:21:30", "end": "00:21:35", "text": "look at this beautiful inverse head and"}, {"start": "00:21:33", "end": "00:21:38", "text": "shoulders on the macro that goes all the"}, {"start": "00:21:35", "end": "00:21:41", "text": "way back to Janu uh to to December."}, {"start": "00:21:38", "end": "00:21:44", "text": "Okay. So this right here this this [�__�]"}, {"start": "00:21:41", "end": "00:21:46", "text": "right here. Okay. This right here would"}, {"start": "00:21:44", "end": "00:21:50", "text": "project a a a breakout target up here"}, {"start": "00:21:46", "end": "00:21:52", "text": "into the, you know, $112,000 range. So,"}, {"start": "00:21:50", "end": "00:21:54", "text": "if this pulls back, I'm not really"}, {"start": "00:21:52", "end": "00:21:57", "text": "worried until we see the price action"}, {"start": "00:21:54", "end": "00:22:00", "text": "lose this and come down to test uh below"}, {"start": "00:21:57", "end": "00:22:02", "text": "these lows at $62,000. All of this right"}, {"start": "00:22:00", "end": "00:22:04", "text": "here is a is absolute opportunity zone."}, {"start": "00:22:02", "end": "00:22:06", "text": "anywhere in here, whether you want to"}, {"start": "00:22:04", "end": "00:22:08", "text": "buy now and still be willing to hold and"}, {"start": "00:22:06", "end": "00:22:11", "text": "add to your position or wait"}, {"start": "00:22:08", "end": "00:22:12", "text": "potentially. If you wait, you're only"}, {"start": "00:22:11", "end": "00:22:14", "text": "potentially going to get something in"}, {"start": "00:22:12", "end": "00:22:16", "text": "the zone because this is not guaranteed"}, {"start": "00:22:14", "end": "00:22:18", "text": "because this is a beautiful structure"}, {"start": "00:22:16", "end": "00:22:19", "text": "and it feels like the markets are super"}, {"start": "00:22:18", "end": "00:22:21", "text": "hungry because we've had such a"}, {"start": "00:22:19", "end": "00:22:24", "text": "lackluster two or three years in the"}, {"start": "00:22:21", "end": "00:22:26", "text": "market that I'm not I'm not betting on"}, {"start": "00:22:24", "end": "00:22:27", "text": "this coming down into the zone. Now, we"}, {"start": "00:22:26", "end": "00:22:29", "text": "do have those Ballinger bands"}, {"start": "00:22:27", "end": "00:22:31", "text": "constricted. it does suggest that we're"}, {"start": "00:22:29", "end": "00:22:33", "text": "going to see a lot more volatility here"}, {"start": "00:22:31", "end": "00:22:36", "text": "in the near term uh meaning in the next"}, {"start": "00:22:33", "end": "00:22:38", "text": "two months. So u yeah I I I agree with"}, {"start": "00:22:36", "end": "00:22:39", "text": "this theis and uh I'm also looking at"}, {"start": "00:22:38", "end": "00:22:41", "text": "these patterns."}, {"start": "00:22:39", "end": "00:22:43", "text": ">> Yeah, it's a very interesting and uh I"}, {"start": "00:22:41", "end": "00:22:45", "text": "think it was Tilt or someone in chat you"}, {"start": "00:22:43", "end": "00:22:47", "text": "know they had uh you know watched and"}, {"start": "00:22:45", "end": "00:22:49", "text": "paid attention when I found this"}, {"start": "00:22:47", "end": "00:22:51", "text": "originally because I had moved a little"}, {"start": "00:22:49", "end": "00:22:52", "text": "bit further than Highland when he when"}, {"start": "00:22:51", "end": "00:22:55", "text": "he highlighted our current Ballinger"}, {"start": "00:22:52", "end": "00:22:58", "text": "band. And so essentially from that"}, {"start": "00:22:55", "end": "00:23:00", "text": "moment of February 23 to where Bitcoin"}, {"start": "00:22:58", "end": "00:23:02", "text": "was able to break its all-time high, I"}, {"start": "00:23:00", "end": "00:23:05", "text": "actually have seen these all-time highs"}, {"start": "00:23:02", "end": "00:23:07", "text": "take less and less time to hit a new"}, {"start": "00:23:05", "end": "00:23:10", "text": "high for Bitcoin each cycle. And"}, {"start": "00:23:07", "end": "00:23:11", "text": "measuring out from that February 23"}, {"start": "00:23:10", "end": "00:23:13", "text": "moment to the time frame where things"}, {"start": "00:23:11", "end": "00:23:16", "text": "really got started cooking to the"}, {"start": "00:23:13", "end": "00:23:19", "text": "upside, it took about 400 days. And you"}, {"start": "00:23:16", "end": "00:23:21", "text": "know, if I look at this and it's if it's"}, {"start": "00:23:19", "end": "00:23:24", "text": "just generally the same pattern with"}, {"start": "00:23:21", "end": "00:23:26", "text": "even let's say about 350 take shaving"}, {"start": "00:23:24", "end": "00:23:28", "text": "just a little bit off like the market's"}, {"start": "00:23:26", "end": "00:23:32", "text": "done time and time again. Let's look at"}, {"start": "00:23:28", "end": "00:23:33", "text": "where that actually bring us with this."}, {"start": "00:23:32", "end": "00:23:37", "text": "See, so that's bringing us to like"}, {"start": "00:23:33", "end": "00:23:40", "text": "August 2027 or maybe even like September"}, {"start": "00:23:37", "end": "00:23:42", "text": "of 2027. And a design like that would"}, {"start": "00:23:40", "end": "00:23:45", "text": "actually make a whole lot of sense if"}, {"start": "00:23:42", "end": "00:23:48", "text": "you It does leave room for"}, {"start": "00:23:45", "end": "00:23:51", "text": "a wash out back down. It does leave room"}, {"start": "00:23:48", "end": "00:23:54", "text": "for that, but essentially bringing it"}, {"start": "00:23:51", "end": "00:23:56", "text": "down to like the low73 mark before that"}, {"start": "00:23:54", "end": "00:23:59", "text": "move. And the market could very much so"}, {"start": "00:23:56", "end": "00:24:00", "text": "look like something like this. But it's"}, {"start": "00:23:59", "end": "00:24:02", "text": "something I'm keeping in mind because"}, {"start": "00:24:00", "end": "00:24:04", "text": "I've just noticed that a couple hundred"}, {"start": "00:24:02", "end": "00:24:06", "text": "days are being shaved off of each time"}, {"start": "00:24:04", "end": "00:24:08", "text": "frame where we're waiting to hit that"}, {"start": "00:24:06", "end": "00:24:09", "text": "new alltime high. And we got some extra"}, {"start": "00:24:08", "end": "00:24:12", "text": "juice in the tank and it comes from this"}, {"start": "00:24:09", "end": "00:24:14", "text": "man. And I know that you know boomers at"}, {"start": "00:24:12", "end": "00:24:16", "text": "large,"}, {"start": "00:24:14", "end": "00:24:19", "text": "you know, they're in control. But this"}, {"start": "00:24:16", "end": "00:24:21", "text": "boomer I like. This boomer I like. Paul"}, {"start": "00:24:19", "end": "00:24:23", "text": "Atkins, US Securities Exchange"}, {"start": "00:24:21", "end": "00:24:26", "text": "Commission has issued a securities"}, {"start": "00:24:23", "end": "00:24:28", "text": "tokenization policy. Now, the the SEC"}, {"start": "00:24:26", "end": "00:24:30", "text": "has unveiled its long-awaited"}, {"start": "00:24:28", "end": "00:24:32", "text": "tokenization exemption on Thursday"}, {"start": "00:24:30", "end": "00:24:34", "text": "morning, formally granting those"}, {"start": "00:24:32", "end": "00:24:36", "text": "so-called tokenized security venues."}, {"start": "00:24:34", "end": "00:24:38", "text": "They're calling TSVs the ability to"}, {"start": "00:24:36", "end": "00:24:40", "text": "provide automated market making and"}, {"start": "00:24:38", "end": "00:24:43", "text": "liquidity pools that in turn can be used"}, {"start": "00:24:40", "end": "00:24:45", "text": "to trade tokenized securities. These"}, {"start": "00:24:43", "end": "00:24:50", "text": "companies will have 5-year conditional"}, {"start": "00:24:45", "end": "00:24:51", "text": "exemption. And I talked about this"}, {"start": "00:24:50", "end": "00:24:52", "text": "I talked about this like yesterday. Hey,"}, {"start": "00:24:51", "end": "00:24:55", "text": "I've been talking about this honestly"}, {"start": "00:24:52", "end": "00:24:58", "text": "for weeks where we don't need clarity."}, {"start": "00:24:55", "end": "00:24:59", "text": "The SEC in the regulatory framework,"}, {"start": "00:24:58", "end": "00:25:01", "text": "these companies in the US already have"}, {"start": "00:24:59", "end": "00:25:03", "text": "to deal with the SEC and those"}, {"start": "00:25:01", "end": "00:25:05", "text": "regulations. So, as long as they can get"}, {"start": "00:25:03", "end": "00:25:07", "text": "an exemption for building and moving"}, {"start": "00:25:05", "end": "00:25:09", "text": "forward and being within the guidelines"}, {"start": "00:25:07", "end": "00:25:12", "text": "of the SEC, we have the clarity that we"}, {"start": "00:25:09", "end": "00:25:14", "text": "need. And this is a very, very important"}, {"start": "00:25:12", "end": "00:25:15", "text": "highlight here. They're under the SEC's"}, {"start": "00:25:14", "end": "00:25:17", "text": "watch. The venues will manage these"}, {"start": "00:25:15", "end": "00:25:20", "text": "pools of necessary assets and use the"}, {"start": "00:25:17", "end": "00:25:22", "text": "algorithm-driven automation to manage"}, {"start": "00:25:20", "end": "00:25:24", "text": "the activity of buyers and sellers. This"}, {"start": "00:25:22", "end": "00:25:25", "text": "is going to be a very very bullish thing"}, {"start": "00:25:24", "end": "00:25:28", "text": "for us building out this crypto"}, {"start": "00:25:25", "end": "00:25:30", "text": "infrastructure and tokenized markets."}, {"start": "00:25:28", "end": "00:25:31", "text": "And he's pretty proud of it. He put out"}, {"start": "00:25:30", "end": "00:25:34", "text": "a post himself today. We are taking that"}, {"start": "00:25:31", "end": "00:25:37", "text": "significant step forward within our"}, {"start": "00:25:34", "end": "00:25:38", "text": "statutory authority. My respect my"}, {"start": "00:25:37", "end": "00:25:40", "text": "authority."}, {"start": "00:25:38", "end": "00:25:42", "text": ">> Well, you know, two two things happened,"}, {"start": "00:25:40", "end": "00:25:43", "text": "right? We had we got the Genius Act and"}, {"start": "00:25:42", "end": "00:25:45", "text": "throw it over to my screen because the"}, {"start": "00:25:43", "end": "00:25:47", "text": "Genius Act, people forget that the"}, {"start": "00:25:45", "end": "00:25:49", "text": "Genius Act is still going into effect on"}, {"start": "00:25:47", "end": "00:25:52", "text": "January 18th and that big push that we"}, {"start": "00:25:49", "end": "00:25:54", "text": "saw from banks about the flight of of"}, {"start": "00:25:52", "end": "00:25:55", "text": "deposits to stable coins. That's not"}, {"start": "00:25:54", "end": "00:25:58", "text": "going to happen. First off, because"}, {"start": "00:25:55", "end": "00:26:00", "text": "we've seen uh we've seen the lackluster"}, {"start": "00:25:58", "end": "00:26:02", "text": "speed at which the retail the people"}, {"start": "00:26:00", "end": "00:26:04", "text": "that aren't us, all of you watching, all"}, {"start": "00:26:02", "end": "00:26:05", "text": "of us that are in the markets already,"}, {"start": "00:26:04", "end": "00:26:07", "text": "we're not going to see grandma moving to"}, {"start": "00:26:05", "end": "00:26:09", "text": "stable coins to get a yield. So, we're"}, {"start": "00:26:07", "end": "00:26:12", "text": "not we we're not going to see that big"}, {"start": "00:26:09", "end": "00:26:13", "text": "flight of deposits. But this whole issue"}, {"start": "00:26:12", "end": "00:26:15", "text": "that the banks had about stable coin"}, {"start": "00:26:13", "end": "00:26:17", "text": "yield being paid and trying to limit"}, {"start": "00:26:15", "end": "00:26:19", "text": "that now that the Democrats essentially"}, {"start": "00:26:17", "end": "00:26:21", "text": "just shot themselves in the foot"}, {"start": "00:26:19", "end": "00:26:23", "text": "regarding that because now the banks"}, {"start": "00:26:21", "end": "00:26:24", "text": "cannot plug that loophole that uh you"}, {"start": "00:26:23", "end": "00:26:26", "text": "that they were trying to do in the"}, {"start": "00:26:24", "end": "00:26:29", "text": "Clarity Act. Uh in addition to that, we"}, {"start": "00:26:26", "end": "00:26:31", "text": "also see that uh which I love. I don't"}, {"start": "00:26:29", "end": "00:26:35", "text": "know if anybody caught this on CNBC"}, {"start": "00:26:31", "end": "00:26:37", "text": "yesterday. mainstream news media might I"}, {"start": "00:26:35", "end": "00:26:40", "text": "might add basically having this"}, {"start": "00:26:37", "end": "00:26:41", "text": "Democratic uh Democrat senator on on on"}, {"start": "00:26:40", "end": "00:26:44", "text": "the show talking about uh the Clarity"}, {"start": "00:26:41", "end": "00:26:46", "text": "Act and she acknowledges that there's"}, {"start": "00:26:44", "end": "00:26:49", "text": "over 70 million over 70 million"}, {"start": "00:26:46", "end": "00:26:51", "text": "Americans that own crypto uh and then"}, {"start": "00:26:49", "end": "00:26:53", "text": "basically goes on this tirade about you"}, {"start": "00:26:51", "end": "00:26:55", "text": "know about Trump and the the host"}, {"start": "00:26:53", "end": "00:26:56", "text": "essentially says so really all you guys"}, {"start": "00:26:55", "end": "00:26:59", "text": "were doing was just trying to limit one"}, {"start": "00:26:56", "end": "00:27:02", "text": "man versus helping 70 million people. So"}, {"start": "00:26:59", "end": "00:27:05", "text": "we have mainstream news media finance"}, {"start": "00:27:02", "end": "00:27:08", "text": "mainstream finance now advocating for"}, {"start": "00:27:05", "end": "00:27:10", "text": "the need for what's the the forward"}, {"start": "00:27:08", "end": "00:27:13", "text": "progress that we need and sensible"}, {"start": "00:27:10", "end": "00:27:16", "text": "regulation for the masses not just one"}, {"start": "00:27:13", "end": "00:27:18", "text": "man if if they were curious about one"}, {"start": "00:27:16", "end": "00:27:19", "text": "person uh being corrupt in in office"}, {"start": "00:27:18", "end": "00:27:21", "text": "they would look at I mean you could take"}, {"start": "00:27:19", "end": "00:27:23", "text": "a handful of senators and it's on both"}, {"start": "00:27:21", "end": "00:27:25", "text": "sides of the aisle but look at Nancy"}, {"start": "00:27:23", "end": "00:27:27", "text": "Pelosi case in point number one how do"}, {"start": "00:27:25", "end": "00:27:30", "text": "you go from uh you know not having money"}, {"start": "00:27:27", "end": "00:27:32", "text": "to having over $400 million uh in"}, {"start": "00:27:30", "end": "00:27:34", "text": "investing unless you're doing it on"}, {"start": "00:27:32", "end": "00:27:37", "text": "insider trading. And the funny thing is"}, {"start": "00:27:34", "end": "00:27:39", "text": "the Clarity Act would have, and I've"}, {"start": "00:27:37", "end": "00:27:41", "text": "discussed this a lot, as the stock"}, {"start": "00:27:39", "end": "00:27:44", "text": "markets are moving into tokenized asset"}, {"start": "00:27:41", "end": "00:27:46", "text": "spaces, uh Clarity Act would have done a"}, {"start": "00:27:44", "end": "00:27:49", "text": "more good for limiting insighting"}, {"start": "00:27:46", "end": "00:27:51", "text": "insider trading and all the different"}, {"start": "00:27:49", "end": "00:27:52", "text": "ethics and all the different things that"}, {"start": "00:27:51", "end": "00:27:54", "text": "they were trying to do uh that they"}, {"start": "00:27:52", "end": "00:27:56", "text": "haven't been able to do for the stock"}, {"start": "00:27:54", "end": "00:27:58", "text": "market. Clarity Act would have, you"}, {"start": "00:27:56", "end": "00:28:01", "text": "know, satisfied a lot of those issues."}, {"start": "00:27:58", "end": "00:28:04", "text": "So, uh, long story short, uh, like you"}, {"start": "00:28:01", "end": "00:28:06", "text": "said, Paul Atkins, I think they're he's"}, {"start": "00:28:04", "end": "00:28:08", "text": "taking the right moves here, uh, to to"}, {"start": "00:28:06", "end": "00:28:10", "text": "continue to bolster the market, uh, with"}, {"start": "00:28:08", "end": "00:28:14", "text": "regulation that they can. Aerodrome,"}, {"start": "00:28:10", "end": "00:28:16", "text": "think about Aerome, Morpho, uh, A, uh,"}, {"start": "00:28:14", "end": "00:28:19", "text": "Salana, Avalanche, Ethereum, all these"}, {"start": "00:28:16", "end": "00:28:21", "text": "tokenized, u blockchains that are"}, {"start": "00:28:19", "end": "00:28:22", "text": "tokenizing stocks, they're all going to"}, {"start": "00:28:21", "end": "00:28:24", "text": "stand to benefit from that that most"}, {"start": "00:28:22", "end": "00:28:26", "text": "recent SEC regulation,"}, {"start": "00:28:24", "end": "00:28:29", "text": ">> right? And we see, you know, a day"}, {"start": "00:28:26", "end": "00:28:32", "text": "before the SEC releases this exemption,"}, {"start": "00:28:29", "end": "00:28:34", "text": "Circle rolls out ARC blockchain and the"}, {"start": "00:28:32", "end": "00:28:38", "text": "integration liquidity layers of unis"}, {"start": "00:28:34", "end": "00:28:40", "text": "swap, aerodyome. And notice some of the"}, {"start": "00:28:38", "end": "00:28:44", "text": "biggest movers today in the altcoin"}, {"start": "00:28:40", "end": "00:28:47", "text": "sector are the projects that have a"}, {"start": "00:28:44", "end": "00:28:48", "text": "connection to that circle arc blockchain"}, {"start": "00:28:47", "end": "00:28:52", "text": "liquidity layer. This is a very"}, {"start": "00:28:48", "end": "00:28:55", "text": "interesting correlation. um unis swap"}, {"start": "00:28:52", "end": "00:28:56", "text": "aerod drrome I know that there was uh"}, {"start": "00:28:55", "end": "00:28:59", "text": "morpho involved with that and I think"}, {"start": "00:28:56", "end": "00:29:02", "text": "morpho's up a little bit a is involved"}, {"start": "00:28:59", "end": "00:29:05", "text": "with it as well so this is a big big"}, {"start": "00:29:02", "end": "00:29:07", "text": "deal and as we see all this happening we"}, {"start": "00:29:05", "end": "00:29:09", "text": "have some other things happening in the"}, {"start": "00:29:07", "end": "00:29:11", "text": "positive sense for the United States and"}, {"start": "00:29:09", "end": "00:29:14", "text": "this is on a good day you know remember"}, {"start": "00:29:11", "end": "00:29:16", "text": "239 years ago today the founding fathers"}, {"start": "00:29:14", "end": "00:29:18", "text": "signed the constitution at independence"}, {"start": "00:29:16", "end": "00:29:20", "text": "hall in Philadelphia we're honoring that"}, {"start": "00:29:18", "end": "00:29:22", "text": "document today establish lishing a"}, {"start": "00:29:20", "end": "00:29:24", "text": "framework of self-government remains at"}, {"start": "00:29:22", "end": "00:29:26", "text": "the foundation of the republic. And"}, {"start": "00:29:24", "end": "00:29:28", "text": "additionally to that, now we have the"}, {"start": "00:29:26", "end": "00:29:30", "text": "House Financial Services Committee"}, {"start": "00:29:28", "end": "00:29:33", "text": "voting a 28 to 21 to advance the"}, {"start": "00:29:30", "end": "00:29:35", "text": "strategic Bitcoin reserve bill, the"}, {"start": "00:29:33", "end": "00:29:37", "text": "first such bill to clear a full House"}, {"start": "00:29:35", "end": "00:29:38", "text": "committee. It still needs a full House"}, {"start": "00:29:37", "end": "00:29:40", "text": "vote, Senate passage, and presidential"}, {"start": "00:29:38", "end": "00:29:43", "text": "signature. So, this is going to be the"}, {"start": "00:29:40", "end": "00:29:45", "text": "next battle. Is you know, you thought"}, {"start": "00:29:43", "end": "00:29:47", "text": "you were going to get away from it. the"}, {"start": "00:29:45", "end": "00:29:51", "text": "Bitcoin strategic reserve. It's a big"}, {"start": "00:29:47", "end": "00:29:54", "text": "deal from the top economic engine of the"}, {"start": "00:29:51", "end": "00:29:56", "text": "planet now getting ready to implement a"}, {"start": "00:29:54", "end": "00:29:58", "text": "Bitcoin strategic reserve. All bets are"}, {"start": "00:29:56", "end": "00:30:00", "text": "off. All of our charts and our little"}, {"start": "00:29:58", "end": "00:30:02", "text": "predictions, all of that stuff means"}, {"start": "00:30:00", "end": "00:30:03", "text": "nothing if this strategic reserve goes"}, {"start": "00:30:02", "end": "00:30:05", "text": "through. What's this? Let's uh see what"}, {"start": "00:30:03", "end": "00:30:08", "text": "that chat is. Elizabeth Warren just"}, {"start": "00:30:05", "end": "00:30:11", "text": "needs to completely never speak again"}, {"start": "00:30:08", "end": "00:30:14", "text": "about crypto. That'd be nice. Unlikely,"}, {"start": "00:30:11", "end": "00:30:16", "text": "but very very uh very nice. She's"}, {"start": "00:30:14", "end": "00:30:19", "text": "actually,"}, {"start": "00:30:16", "end": "00:30:22", "text": "it's hard to pick my most disliked"}, {"start": "00:30:19", "end": "00:30:24", "text": "politician."}, {"start": "00:30:22", "end": "00:30:28", "text": "I do believe Elizabeth Warren is is that"}, {"start": "00:30:24", "end": "00:30:30", "text": "most disliked because Nancy Pelosi,"}, {"start": "00:30:28", "end": "00:30:32", "text": "I don't hate the player. I hate the game"}, {"start": "00:30:30", "end": "00:30:34", "text": "when it comes to Nancy Pelosi. Elizabeth"}, {"start": "00:30:32", "end": "00:30:37", "text": "Warren is the most useless bought and"}, {"start": "00:30:34", "end": "00:30:39", "text": "paid for banking crony of all of them. I"}, {"start": "00:30:37", "end": "00:30:41", "text": "feel like I don't know. I would I choose"}, {"start": "00:30:39", "end": "00:30:43", "text": "to go after Pocahontas more than Nancy"}, {"start": "00:30:41", "end": "00:30:45", "text": "Pelosi. You know, that's just me"}, {"start": "00:30:43", "end": "00:30:47", "text": "personally. Honestly, Pelosi's already"}, {"start": "00:30:45", "end": "00:30:49", "text": "dealt with a hammer guy at her house and"}, {"start": "00:30:47", "end": "00:30:50", "text": "all kinds of other stuff that, you know,"}, {"start": "00:30:49", "end": "00:30:52", "text": "tries to stop her. I'm sorry to bring it"}, {"start": "00:30:50", "end": "00:30:54", "text": "up. It's not too soon, though. It's not"}, {"start": "00:30:52", "end": "00:30:56", "text": "too soon. Uh, but I think that this is"}, {"start": "00:30:54", "end": "00:30:59", "text": "pretty cool seeing that the Strategic"}, {"start": "00:30:56", "end": "00:31:02", "text": "Reserve is back in focus while we're"}, {"start": "00:30:59", "end": "00:31:04", "text": "kind of shaking off a 20-year rule to"}, {"start": "00:31:02", "end": "00:31:06", "text": "that you have to hold. I mean, yeah, I"}, {"start": "00:31:04", "end": "00:31:08", "text": "mean, they're making some sensible"}, {"start": "00:31:06", "end": "00:31:11", "text": "decisions. Um,"}, {"start": "00:31:08", "end": "00:31:15", "text": "I'm just I'm so flumxed by the in"}, {"start": "00:31:11", "end": "00:31:20", "text": "inefficiency and ineffectiveness of our"}, {"start": "00:31:15", "end": "00:31:22", "text": "government as a whole. Uh, just"}, {"start": "00:31:20", "end": "00:31:23", "text": "did you see like there's a whole laundry"}, {"start": "00:31:22", "end": "00:31:25", "text": "list of things that have been delayed"}, {"start": "00:31:23", "end": "00:31:28", "text": "that they were trying to vote on like AI"}, {"start": "00:31:25", "end": "00:31:31", "text": "regulation, farming regulations, and"}, {"start": "00:31:28", "end": "00:31:33", "text": "help for farmers in the United States."}, {"start": "00:31:31", "end": "00:31:36", "text": "There's so much beyond clarity for"}, {"start": "00:31:33", "end": "00:31:39", "text": "crypto that totally got screwed because"}, {"start": "00:31:36", "end": "00:31:41", "text": "we don't have an effective uh you know"}, {"start": "00:31:39", "end": "00:31:43", "text": "nonpartisan government to to move things"}, {"start": "00:31:41", "end": "00:31:44", "text": "forward. Now you know this year is"}, {"start": "00:31:43", "end": "00:31:46", "text": "probably going to be crazy. We're"}, {"start": "00:31:44", "end": "00:31:48", "text": "looking at an expectation of a"}, {"start": "00:31:46", "end": "00:31:51", "text": "Democratic sweep in 26. So this"}, {"start": "00:31:48", "end": "00:31:53", "text": "strategic reserve might fall under fire"}, {"start": "00:31:51", "end": "00:31:54", "text": "if we see a major pendulum swing over"}, {"start": "00:31:53", "end": "00:31:56", "text": "the course of the next four years back"}, {"start": "00:31:54", "end": "00:31:57", "text": "to the Democratic party. Hopefully"}, {"start": "00:31:56", "end": "00:32:00", "text": "that's not the case. Hopefully the"}, {"start": "00:31:57", "end": "00:32:04", "text": "Democrats are starting to come around to"}, {"start": "00:32:00", "end": "00:32:06", "text": "pro- crypto uh outlook and we are seeing"}, {"start": "00:32:04", "end": "00:32:08", "text": "some things move like the House Ways and"}, {"start": "00:32:06", "end": "00:32:11", "text": "Means Committee just passed that crypto"}, {"start": "00:32:08", "end": "00:32:12", "text": "tax bill. Now this is for Bitcoin or"}, {"start": "00:32:11", "end": "00:32:14", "text": "crypto payments that are under $10"}, {"start": "00:32:12", "end": "00:32:17", "text": "though. So they're removing tax"}, {"start": "00:32:14", "end": "00:32:21", "text": "reporting on these small micro payments"}, {"start": "00:32:17", "end": "00:32:25", "text": "using crypto. This is a step towards uh"}, {"start": "00:32:21", "end": "00:32:27", "text": "you know using crypto IRL but I think"}, {"start": "00:32:25", "end": "00:32:30", "text": "there's much more to be done here and"}, {"start": "00:32:27", "end": "00:32:33", "text": "this is where the fun begins. This is"}, {"start": "00:32:30", "end": "00:32:36", "text": "where the fun begins. I I feel like"}, {"start": "00:32:33", "end": "00:32:40", "text": "altcoins you've said it for a long time"}, {"start": "00:32:36", "end": "00:32:42", "text": "of the four or five years of essentially"}, {"start": "00:32:40", "end": "00:32:45", "text": "blue balls that the altcoin sector has"}, {"start": "00:32:42", "end": "00:32:48", "text": "felt in general, right? There's been no"}, {"start": "00:32:45", "end": "00:32:49", "text": "massive glow up since 2021 on the"}, {"start": "00:32:48", "end": "00:32:52", "text": "altcoin sector."}, {"start": "00:32:49", "end": "00:32:54", "text": ">> You can see it immediately and clearly"}, {"start": "00:32:52", "end": "00:32:56", "text": "on the ETH to Bitcoin chart. You don't"}, {"start": "00:32:54", "end": "00:32:58", "text": "need to look at any other chart. This is"}, {"start": "00:32:56", "end": "00:33:02", "text": "where the top was on the ETH to Bitcoin"}, {"start": "00:32:58", "end": "00:33:05", "text": "chart from back here 2019 into into"}, {"start": "00:33:02", "end": "00:33:06", "text": "2021. But then look, oh the selloff. Oh"}, {"start": "00:33:05", "end": "00:33:08", "text": "look, double top. We cannot even get"}, {"start": "00:33:06", "end": "00:33:10", "text": "above it. Really a triple top here. And"}, {"start": "00:33:08", "end": "00:33:12", "text": "then from this point right here, let me"}, {"start": "00:33:10", "end": "00:33:13", "text": "move my little toolbar. Uh from this"}, {"start": "00:33:12", "end": "00:33:16", "text": "point right here, which is what is that?"}, {"start": "00:33:13", "end": "00:33:18", "text": "August 2022, this has been nothing but"}, {"start": "00:33:16", "end": "00:33:21", "text": "bleeding. So if ETH can't even and it's"}, {"start": "00:33:18", "end": "00:33:23", "text": "the largest uh altcoin that's out there,"}, {"start": "00:33:21", "end": "00:33:26", "text": "if this has just been bleeding against"}, {"start": "00:33:23", "end": "00:33:28", "text": "Bitcoin, then this is the example of the"}, {"start": "00:33:26", "end": "00:33:29", "text": "lackluster everybody holding alts"}, {"start": "00:33:28", "end": "00:33:32", "text": "thinking that they were going to outpace"}, {"start": "00:33:29", "end": "00:33:34", "text": "Bitcoin for the last four years that has"}, {"start": "00:33:32", "end": "00:33:35", "text": "not been the case. Does that mean it's"}, {"start": "00:33:34", "end": "00:33:37", "text": "never going to be the case? I don't"}, {"start": "00:33:35", "end": "00:33:40", "text": "think that's going to be true. I think"}, {"start": "00:33:37", "end": "00:33:42", "text": "altcoins because of what we're seeing"}, {"start": "00:33:40", "end": "00:33:45", "text": "with tokenization taking real strides"}, {"start": "00:33:42", "end": "00:33:47", "text": "and real liquidity and real volume being"}, {"start": "00:33:45", "end": "00:33:49", "text": "traded and transacted and trillions of"}, {"start": "00:33:47", "end": "00:33:51", "text": "dollars already becoming accessible on"}, {"start": "00:33:49", "end": "00:33:54", "text": "chain through uh tokenized stocks and"}, {"start": "00:33:51", "end": "00:33:56", "text": "securities. There is going to be a blow"}, {"start": "00:33:54", "end": "00:33:59", "text": "up for certain sectors of the altcoin"}, {"start": "00:33:56", "end": "00:34:00", "text": "market. But this mars the frustration"}, {"start": "00:33:59", "end": "00:34:01", "text": "that people have felt in the crypto"}, {"start": "00:34:00", "end": "00:34:04", "text": "space."}, {"start": "00:34:01", "end": "00:34:06", "text": ">> Absolutely. Absolutely. And you know"}, {"start": "00:34:04", "end": "00:34:10", "text": "where I think that we might be running"}, {"start": "00:34:06", "end": "00:34:13", "text": "into extra chaos is not just Ethereum."}, {"start": "00:34:10", "end": "00:34:16", "text": "Like I think Ethereum is due for a lot"}, {"start": "00:34:13", "end": "00:34:19", "text": "of movement, but the others everything"}, {"start": "00:34:16", "end": "00:34:22", "text": "that's excluding the top 10 in Bitcoin"}, {"start": "00:34:19", "end": "00:34:24", "text": "and we highlighted this yesterday. I"}, {"start": "00:34:22", "end": "00:34:26", "text": "believe is on the weekly time frame."}, {"start": "00:34:24", "end": "00:34:28", "text": "Yes. So we're seeing that green dot play"}, {"start": "00:34:26", "end": "00:34:31", "text": "out. Moving averages are moving"}, {"start": "00:34:28", "end": "00:34:34", "text": "consistently and strongly to the upside."}, {"start": "00:34:31", "end": "00:34:36", "text": "on the others to Bitcoin chart right"}, {"start": "00:34:34", "end": "00:34:39", "text": "now. These are two descending wedges."}, {"start": "00:34:36", "end": "00:34:42", "text": "And the secondary descending wedge is"}, {"start": "00:34:39", "end": "00:34:45", "text": "where a lot of that animosity and angry"}, {"start": "00:34:42", "end": "00:34:47", "text": "feelings towards altcoins comes because"}, {"start": "00:34:45", "end": "00:34:50", "text": "Bitcoin during these two kind of"}, {"start": "00:34:47", "end": "00:34:53", "text": "internal local peaks here hit all-time"}, {"start": "00:34:50", "end": "00:34:56", "text": "highs. I mean, Bitcoin hit $126,000"}, {"start": "00:34:53", "end": "00:35:00", "text": "on this final move to tap the top end of"}, {"start": "00:34:56", "end": "00:35:03", "text": "this descending triangle. And when I"}, {"start": "00:35:00", "end": "00:35:05", "text": "look at this, you know, it takes, if I'm"}, {"start": "00:35:03", "end": "00:35:08", "text": "just using historical data, because I"}, {"start": "00:35:05", "end": "00:35:10", "text": "use data even, did you hear the Federal"}, {"start": "00:35:08", "end": "00:35:13", "text": "Reserve yesterday? Did you hear the"}, {"start": "00:35:10", "end": "00:35:15", "text": "Federal Reserve yesterday? I don't use"}, {"start": "00:35:13", "end": "00:35:16", "text": "data to make my decisions is essentially"}, {"start": "00:35:15", "end": "00:35:20", "text": "what he was trying to say. And then"}, {"start": "00:35:16", "end": "00:35:21", "text": "literally two two minutes later, he's"}, {"start": "00:35:20", "end": "00:35:22", "text": "like, well, the data doesn't tell me"}, {"start": "00:35:21", "end": "00:35:24", "text": "that I should be doing."}, {"start": "00:35:22", "end": "00:35:25", "text": ">> I I think there's a little confusion"}, {"start": "00:35:24", "end": "00:35:27", "text": "around that. I think what he was"}, {"start": "00:35:25", "end": "00:35:29", "text": "actually saying was not that he doesn't"}, {"start": "00:35:27", "end": "00:35:32", "text": "use data. I think what he was more"}, {"start": "00:35:29", "end": "00:35:34", "text": "poignantly saying was, I'm not going to"}, {"start": "00:35:32", "end": "00:35:36", "text": "take a data point that happened in the"}, {"start": "00:35:34", "end": "00:35:38", "text": "last two weeks and make that make my"}, {"start": "00:35:36", "end": "00:35:39", "text": "decision. Oh, now we're not gonna hike"}, {"start": "00:35:38", "end": "00:35:41", "text": "or now we're going to hike more. It's"}, {"start": "00:35:39", "end": "00:35:42", "text": "like they're looking at they're looking"}, {"start": "00:35:41", "end": "00:35:45", "text": "at the trend, which if you think about"}, {"start": "00:35:42", "end": "00:35:48", "text": "trading and investing, he he actually"}, {"start": "00:35:45", "end": "00:35:50", "text": "gave a massive signal there about how"}, {"start": "00:35:48", "end": "00:35:54", "text": "you truly become successful. you look at"}, {"start": "00:35:50", "end": "00:35:57", "text": "the larger trend and you can use data to"}, {"start": "00:35:54", "end": "00:35:59", "text": "kind of highlight where some moves why"}, {"start": "00:35:57", "end": "00:36:00", "text": "they may have happened but the it's not"}, {"start": "00:35:59", "end": "00:36:02", "text": "going the you know three data points"}, {"start": "00:36:00", "end": "00:36:05", "text": "isn't going to tell you where it's going"}, {"start": "00:36:02", "end": "00:36:06", "text": "for the next three years right so I I"}, {"start": "00:36:05", "end": "00:36:09", "text": "kind of agree with him I think he"}, {"start": "00:36:06", "end": "00:36:12", "text": "misspoke a little bit uh he's just not"}, {"start": "00:36:09", "end": "00:36:13", "text": "so like all of us on online you know I"}, {"start": "00:36:12", "end": "00:36:16", "text": "looked at my uh screen time the other"}, {"start": "00:36:13", "end": "00:36:19", "text": "day on my phone I swear to God it said"}, {"start": "00:36:16", "end": "00:36:20", "text": "31 hours a day I'm like how how is that"}, {"start": "00:36:19", "end": "00:36:22", "text": "even poss responsible. I'm guessing"}, {"start": "00:36:20", "end": "00:36:24", "text": "because my phone and my computer uh but"}, {"start": "00:36:22", "end": "00:36:26", "text": "I'm I'm on I'm on computer all day long"}, {"start": "00:36:24", "end": "00:36:28", "text": "looking at charts, looking at signals,"}, {"start": "00:36:26", "end": "00:36:31", "text": "looking at investment, uh you know,"}, {"start": "00:36:28", "end": "00:36:33", "text": "research and all these things. And so we"}, {"start": "00:36:31", "end": "00:36:37", "text": "get so excited about the CPI or the PPI"}, {"start": "00:36:33", "end": "00:36:38", "text": "or the PC PCE or the and we think that"}, {"start": "00:36:37", "end": "00:36:40", "text": "this is going to be the thing that"}, {"start": "00:36:38", "end": "00:36:42", "text": "changes it. And he's like, \"No, no, no."}, {"start": "00:36:40", "end": "00:36:44", "text": "That's literally just noise. Uh you got"}, {"start": "00:36:42", "end": "00:36:47", "text": "to look at the larger trend and and how"}, {"start": "00:36:44", "end": "00:36:48", "text": "the how the shifting of those data"}, {"start": "00:36:47", "end": "00:36:50", "text": "points in the trend over time is.\" I"}, {"start": "00:36:48", "end": "00:36:53", "text": "think that's more specifically what he"}, {"start": "00:36:50", "end": "00:36:56", "text": "was saying, but it it was a it was a it"}, {"start": "00:36:53", "end": "00:36:57", "text": "was a tagline to to to share for sure."}, {"start": "00:36:56", "end": "00:37:00", "text": ">> I was just, you know, a little"}, {"start": "00:36:57", "end": "00:37:02", "text": "confounded by that and I gave my general"}, {"start": "00:37:00", "end": "00:37:05", "text": "ideas about it. I'm just kind of"}, {"start": "00:37:02", "end": "00:37:08", "text": "measuring this others to Bitcoin chart"}, {"start": "00:37:05", "end": "00:37:10", "text": "and looking at this breakout. We are"}, {"start": "00:37:08", "end": "00:37:12", "text": "holding the breakout from the descending"}, {"start": "00:37:10", "end": "00:37:14", "text": "triangle on all of these altcoins"}, {"start": "00:37:12", "end": "00:37:16", "text": "compared to Bitcoin for the time being."}, {"start": "00:37:14", "end": "00:37:18", "text": "There's a lot of velocity pointing us to"}, {"start": "00:37:16", "end": "00:37:20", "text": "the upside. It's feeling good. The bags"}, {"start": "00:37:18", "end": "00:37:21", "text": "are feeling good because me and you were"}, {"start": "00:37:20", "end": "00:37:25", "text": "blasting those lows on all coins"}, {"start": "00:37:21", "end": "00:37:27", "text": "particularly, not just Bitcoin. And you"}, {"start": "00:37:25", "end": "00:37:30", "text": "know, this essentially took about 600"}, {"start": "00:37:27", "end": "00:37:31", "text": "days from the time we broke out of that"}, {"start": "00:37:30", "end": "00:37:34", "text": "triangle to that initial peak where"}, {"start": "00:37:31", "end": "00:37:37", "text": "things started to get real frothy around"}, {"start": "00:37:34", "end": "00:37:39", "text": "581 days. You know, if history rhymes/re"}, {"start": "00:37:37", "end": "00:37:42", "text": "repeats, we cut a little bit of time off"}, {"start": "00:37:39", "end": "00:37:46", "text": "that around 500 flat. It brings it about"}, {"start": "00:37:42", "end": "00:37:48", "text": "June of 27. and chaos can be coming to"}, {"start": "00:37:46", "end": "00:37:50", "text": "the altcoin sector, which seems like it"}, {"start": "00:37:48", "end": "00:37:53", "text": "might be way too soon, but when I"}, {"start": "00:37:50", "end": "00:37:55", "text": "compare how long the altcoin sector has"}, {"start": "00:37:53", "end": "00:37:57", "text": "been battered and beaten against"}, {"start": "00:37:55", "end": "00:37:59", "text": "Bitcoin's valuation, kind of makes a"}, {"start": "00:37:57", "end": "00:38:01", "text": "little sense. It kind of makes a little"}, {"start": "00:37:59", "end": "00:38:03", "text": "sense. And yeah, I do agree with Dylan."}, {"start": "00:38:01", "end": "00:38:06", "text": "The others to Bitcoin charts setting new"}, {"start": "00:38:03", "end": "00:38:09", "text": "highs will be legendary. And not many"}, {"start": "00:38:06", "end": "00:38:11", "text": "people I don't feel like a lot of people"}, {"start": "00:38:09", "end": "00:38:13", "text": "are going to be involved with heavy"}, {"start": "00:38:11", "end": "00:38:15", "text": "exposure to altcoins for that blow up"}, {"start": "00:38:13", "end": "00:38:18", "text": "either because there's been so much"}, {"start": "00:38:15", "end": "00:38:20", "text": "animosity built up over the last few"}, {"start": "00:38:18", "end": "00:38:22", "text": "years against the altcoin sector that"}, {"start": "00:38:20", "end": "00:38:23", "text": "people just aren't willing to handle it"}, {"start": "00:38:22", "end": "00:38:26", "text": "anymore. And it makes sense why there"}, {"start": "00:38:23", "end": "00:38:28", "text": "are mindsets there. But I look at this"}, {"start": "00:38:26", "end": "00:38:30", "text": "money flow swooping to the upside this"}, {"start": "00:38:28", "end": "00:38:32", "text": "aggressively. A green dot printed on the"}, {"start": "00:38:30", "end": "00:38:33", "text": "weekly time frame. I want to check out"}, {"start": "00:38:32", "end": "00:38:35", "text": "the two week. Yeah, the twoe looks"}, {"start": "00:38:33", "end": "00:38:38", "text": "exactly the same. Absolutely delicious"}, {"start": "00:38:35", "end": "00:38:39", "text": "looking and people are celebrating the"}, {"start": "00:38:38", "end": "00:38:41", "text": "alts in the chat. Let me know what your"}, {"start": "00:38:39", "end": "00:38:43", "text": "favorite alt is in the chat. We have"}, {"start": "00:38:41", "end": "00:38:45", "text": "some movement still. Let's go check out"}, {"start": "00:38:43", "end": "00:38:48", "text": "where a drums at. Let's get some fresh"}, {"start": "00:38:45", "end": "00:38:49", "text": "data here. Let's see because the"}, {"start": "00:38:48", "end": "00:38:51", "text": "market's feeling frothy right now. It's"}, {"start": "00:38:49", "end": "00:38:53", "text": "feeling very very frothy."}, {"start": "00:38:51", "end": "00:38:55", "text": ">> I'm excited about arrow. I do want to"}, {"start": "00:38:53", "end": "00:38:57", "text": "show one pattern on on that chart that"}, {"start": "00:38:55", "end": "00:38:58", "text": "does kind of have me I don't want to say"}, {"start": "00:38:57", "end": "00:39:01", "text": "worried, but"}, {"start": "00:38:58", "end": "00:39:03", "text": ">> yeah, sure. I I I'm just I'm aware of"}, {"start": "00:39:01", "end": "00:39:05", "text": "it. Let me put it that way. And that's"}, {"start": "00:39:03", "end": "00:39:08", "text": "that's this right here, this rising"}, {"start": "00:39:05", "end": "00:39:09", "text": "broadening wedge. Not not usually the"}, {"start": "00:39:08", "end": "00:39:11", "text": "the best look if you're trying to be"}, {"start": "00:39:09", "end": "00:39:13", "text": "super bullish. But when you look at this"}, {"start": "00:39:11", "end": "00:39:15", "text": "rising broadening wedge, meaning"}, {"start": "00:39:13", "end": "00:39:18", "text": "obviously it's rising, right, and it's"}, {"start": "00:39:15", "end": "00:39:20", "text": "broadening, these tend to break to the"}, {"start": "00:39:18", "end": "00:39:22", "text": "downside. On the on the flip side of"}, {"start": "00:39:20", "end": "00:39:25", "text": "that, one of the most important things"}, {"start": "00:39:22", "end": "00:39:27", "text": "that you do uh in markets is you don't"}, {"start": "00:39:25", "end": "00:39:29", "text": "look at just a a pattern and say this is"}, {"start": "00:39:27", "end": "00:39:31", "text": "what's going to happen. and you look at"}, {"start": "00:39:29", "end": "00:39:33", "text": "the pattern and the context of the"}, {"start": "00:39:31", "end": "00:39:36", "text": "broader market and the shift in the the"}, {"start": "00:39:33", "end": "00:39:40", "text": "macro trend that's happening and based"}, {"start": "00:39:36", "end": "00:39:42", "text": "on that that this does concern me. Uh"}, {"start": "00:39:40", "end": "00:39:45", "text": "but I do think if we did get a swing to"}, {"start": "00:39:42", "end": "00:39:48", "text": "the downside uh I mean if this were to"}, {"start": "00:39:45", "end": "00:39:50", "text": "lose 41 cents 42 cents I would be such"}, {"start": "00:39:48", "end": "00:39:52", "text": "an overwhelming buyer here because I"}, {"start": "00:39:50", "end": "00:39:55", "text": "think this would be I think this would"}, {"start": "00:39:52", "end": "00:39:57", "text": "be a massive fake out before the real"}, {"start": "00:39:55", "end": "00:39:59", "text": "move. Um, so, so I'm I'm not too"}, {"start": "00:39:57", "end": "00:40:00", "text": "concerned with it. I'm just concerned"}, {"start": "00:39:59", "end": "00:40:02", "text": "for everybody else that sees this and"}, {"start": "00:40:00", "end": "00:40:04", "text": "then they're so mad at this they sell"}, {"start": "00:40:02", "end": "00:40:06", "text": "here and then it just absolutely rockets"}, {"start": "00:40:04", "end": "00:40:08", "text": "to $5 or something like that and they"}, {"start": "00:40:06", "end": "00:40:10", "text": "lose their mind because the macro is"}, {"start": "00:40:08", "end": "00:40:13", "text": "showing that the alt sector is taking a"}, {"start": "00:40:10", "end": "00:40:15", "text": "swing around. So, while I am concerned"}, {"start": "00:40:13", "end": "00:40:16", "text": "about this, I I think it's more likely"}, {"start": "00:40:15", "end": "00:40:18", "text": "that we get this sort of pullback that"}, {"start": "00:40:16", "end": "00:40:20", "text": "we just got maybe a little deeper and we"}, {"start": "00:40:18", "end": "00:40:22", "text": "kind of work our way up from there and"}, {"start": "00:40:20", "end": "00:40:23", "text": "this this pattern doesn't play out"}, {"start": "00:40:22", "end": "00:40:25", "text": "bearishly."}, {"start": "00:40:23", "end": "00:40:27", "text": ">> Yeah. And we have a super chat. I'm"}, {"start": "00:40:25", "end": "00:40:29", "text": "dumb, so forgive me. But can we still be"}, {"start": "00:40:27", "end": "00:40:31", "text": "in quantitive easing as they raise"}, {"start": "00:40:29", "end": "00:40:33", "text": "interest rates? Yes, they expand the"}, {"start": "00:40:31", "end": "00:40:36", "text": "balance sheet on the Treasury and"}, {"start": "00:40:33", "end": "00:40:37", "text": "Federal Reserve side. Um, that is"}, {"start": "00:40:36", "end": "00:40:42", "text": "another form of quantitative easing. And"}, {"start": "00:40:37", "end": "00:40:44", "text": "there's other forms. In 2023, we saw ah"}, {"start": "00:40:42", "end": "00:40:46", "text": "gosh, what was it? It was like an"}, {"start": "00:40:44", "end": "00:40:47", "text": "emergency bank deposit. I used to have"}, {"start": "00:40:46", "end": "00:40:50", "text": "this memorized when it was happening,"}, {"start": "00:40:47", "end": "00:40:52", "text": "but essentially emergency funding relief"}, {"start": "00:40:50", "end": "00:40:54", "text": "for the banking sector can be another"}, {"start": "00:40:52", "end": "00:40:57", "text": "version. and it doesn't quite bleed into"}, {"start": "00:40:54", "end": "00:40:59", "text": "risk assets, but it does show weakness"}, {"start": "00:40:57", "end": "00:41:00", "text": "in the infrastructure. That wash out"}, {"start": "00:40:59", "end": "00:41:02", "text": "you're talking about as a potential"}, {"start": "00:41:00", "end": "00:41:04", "text": "absolutely did play out last time we"}, {"start": "00:41:02", "end": "00:41:07", "text": "broke out of these descending wedges as"}, {"start": "00:41:04", "end": "00:41:09", "text": "well. Uh, which is real good to just"}, {"start": "00:41:07", "end": "00:41:10", "text": "highlight right now. So, I'll bring this"}, {"start": "00:41:09", "end": "00:41:12", "text": "up because you're mentioning that"}, {"start": "00:41:10", "end": "00:41:15", "text": "potential wash out and that final, you"}, {"start": "00:41:12", "end": "00:41:17", "text": "know, kick to the kick to the lows. This"}, {"start": "00:41:15", "end": "00:41:20", "text": "did happen right after we broke out of"}, {"start": "00:41:17", "end": "00:41:23", "text": "that descending wedge um on the others"}, {"start": "00:41:20", "end": "00:41:26", "text": "to Bitcoin chart and the others regular"}, {"start": "00:41:23", "end": "00:41:30", "text": "chart. This is that moment here in about"}, {"start": "00:41:26", "end": "00:41:32", "text": "uh it was like October 20th the 20 right"}, {"start": "00:41:30", "end": "00:41:34", "text": "around like co essentially but in"}, {"start": "00:41:32", "end": "00:41:37", "text": "general I think that we're setting those"}, {"start": "00:41:34", "end": "00:41:39", "text": "lows right now and Ethereum is showing"}, {"start": "00:41:37", "end": "00:41:41", "text": "some very interesting things. We have"}, {"start": "00:41:39", "end": "00:41:44", "text": "Ethereum on exchanges hits the lowest"}, {"start": "00:41:41", "end": "00:41:44", "text": "level in 10 years as the exchange"}, {"start": "00:41:44", "end": "00:41:45", "text": "higher."}, {"start": "00:41:44", "end": "00:41:47", "text": ">> I want to pause you there for a second"}, {"start": "00:41:45", "end": "00:41:49", "text": "too because when we look back at the"}, {"start": "00:41:47", "end": "00:41:51", "text": "weather's chart, you know, where we had"}, {"start": "00:41:49", "end": "00:41:52", "text": "that big run up and for and then it"}, {"start": "00:41:51", "end": "00:41:55", "text": "crashed down and then it launched."}, {"start": "00:41:52", "end": "00:41:57", "text": ">> There was something massively different,"}, {"start": "00:41:55", "end": "00:41:59", "text": ">> Drew. There was something overwhelmingly"}, {"start": "00:41:57", "end": "00:42:03", "text": "different about the market in that last"}, {"start": "00:41:59", "end": "00:42:07", "text": "2019 2020 breakout that that that we're"}, {"start": "00:42:03", "end": "00:42:09", "text": "seeing now. Back then, most altcoins,"}, {"start": "00:42:07", "end": "00:42:12", "text": "ETH was already kind of becoming a"}, {"start": "00:42:09", "end": "00:42:14", "text": "substantiated asset with with crypto"}, {"start": "00:42:12", "end": "00:42:16", "text": "building on top of it. But the crypto"}, {"start": "00:42:14", "end": "00:42:18", "text": "that was building on top of ETH was"}, {"start": "00:42:16", "end": "00:42:21", "text": "building on the promise of what they"}, {"start": "00:42:18", "end": "00:42:24", "text": "were going to do. Now we have an asset"}, {"start": "00:42:21", "end": "00:42:26", "text": "class with altcoins with Ethereum having"}, {"start": "00:42:24", "end": "00:42:29", "text": "uh you know massive market share but"}, {"start": "00:42:26", "end": "00:42:31", "text": "also having uh uh projects like uh"}, {"start": "00:42:29", "end": "00:42:35", "text": "Aerodrome you see Salana which isn't on"}, {"start": "00:42:31", "end": "00:42:37", "text": "ETH but Salana uh Avalanche uh uh all"}, {"start": "00:42:35", "end": "00:42:39", "text": "these all these altcoins it's the put up"}, {"start": "00:42:37", "end": "00:42:42", "text": "or shut up cycle and we're seeing the"}, {"start": "00:42:39", "end": "00:42:44", "text": "data massively that there's been"}, {"start": "00:42:42", "end": "00:42:48", "text": "fundamental growth of real adoption of"}, {"start": "00:42:44", "end": "00:42:50", "text": "actual actual using this of the assets"}, {"start": "00:42:48", "end": "00:42:53", "text": "for the purpose that they were"}, {"start": "00:42:50", "end": "00:42:54", "text": "developed. So the last cycle was the"}, {"start": "00:42:53", "end": "00:42:57", "text": "speculative hope with a lot of"}, {"start": "00:42:54", "end": "00:42:58", "text": "volatility around it. The asset class,"}, {"start": "00:42:57", "end": "00:42:59", "text": "the market caps are still quite small."}, {"start": "00:42:58", "end": "00:43:02", "text": "So we're still going to see a lot of"}, {"start": "00:42:59", "end": "00:43:05", "text": "volatility, but now we're seeing the"}, {"start": "00:43:02", "end": "00:43:07", "text": "massive amount of capital that's moving"}, {"start": "00:43:05", "end": "00:43:10", "text": "onchain through tokenization. So just in"}, {"start": "00:43:07", "end": "00:43:13", "text": "that sector alone there's an entirely"}, {"start": "00:43:10", "end": "00:43:15", "text": "dynamically different uh circumstance"}, {"start": "00:43:13", "end": "00:43:18", "text": "that the market the asset class is"}, {"start": "00:43:15", "end": "00:43:20", "text": "operating under versus just the hope and"}, {"start": "00:43:18", "end": "00:43:22", "text": "catching the move versus seeing the move"}, {"start": "00:43:20", "end": "00:43:24", "text": "and seeing all the functionality and"}, {"start": "00:43:22", "end": "00:43:27", "text": "deployment and adoption that's happening"}, {"start": "00:43:24", "end": "00:43:29", "text": "on those chains. So it does it does lead"}, {"start": "00:43:27", "end": "00:43:31", "text": "me to believe it's probably less likely"}, {"start": "00:43:29", "end": "00:43:32", "text": "to have the big wash out than we saw,"}, {"start": "00:43:31", "end": "00:43:34", "text": "you know, when we look at the fractal"}, {"start": "00:43:32", "end": "00:43:37", "text": "from last cycle, but it still needs to"}, {"start": "00:43:34", "end": "00:43:40", "text": "be on your horizon that it's possible."}, {"start": "00:43:37", "end": "00:43:43", "text": "Yeah, it's it's something that, you"}, {"start": "00:43:40", "end": "00:43:46", "text": "know, I've done this larger time frame"}, {"start": "00:43:43", "end": "00:43:47", "text": "charting for a while and you're saying"}, {"start": "00:43:46", "end": "00:43:50", "text": "something important because these are"}, {"start": "00:43:47", "end": "00:43:51", "text": "use case built for tokenization of the"}, {"start": "00:43:50", "end": "00:43:53", "text": "whole world, right? We're trying to move"}, {"start": "00:43:51", "end": "00:43:56", "text": "the whole stock market, everything on"}, {"start": "00:43:53", "end": "00:43:58", "text": "chain. And all of these projects that"}, {"start": "00:43:56", "end": "00:44:00", "text": "are outside the top 10 are auxiliary to"}, {"start": "00:43:58", "end": "00:44:02", "text": "that. They've been battered and beaten."}, {"start": "00:44:00", "end": "00:44:04", "text": "People just don't believe of them"}, {"start": "00:44:02", "end": "00:44:05", "text": "anymore. And these are showing some"}, {"start": "00:44:04", "end": "00:44:08", "text": "extreme strength on the unders under"}, {"start": "00:44:05", "end": "00:44:11", "text": "undercurrent there. Ethereum hitting"}, {"start": "00:44:08", "end": "00:44:12", "text": "that supply exchange lows. I don't bet"}, {"start": "00:44:11", "end": "00:44:14", "text": "against a new all-time high for"}, {"start": "00:44:12", "end": "00:44:16", "text": "Ethereum. I just don't know if I'm sold"}, {"start": "00:44:14", "end": "00:44:19", "text": "on the $10,000"}, {"start": "00:44:16", "end": "00:44:22", "text": "Ethereum move yet, but the exchange"}, {"start": "00:44:19", "end": "00:44:24", "text": "supply might play into that. We might"}, {"start": "00:44:22", "end": "00:44:26", "text": "see that deflationary ETH come to"}, {"start": "00:44:24", "end": "00:44:28", "text": "reality. And we have some developments"}, {"start": "00:44:26", "end": "00:44:30", "text": "in DeFi. Obviously, we covered this as"}, {"start": "00:44:28", "end": "00:44:33", "text": "it came out. Layer 1 ARC rolled out. The"}, {"start": "00:44:30", "end": "00:44:35", "text": "SEC allowed that move. A introduced a"}, {"start": "00:44:33", "end": "00:44:37", "text": "new RWA hub on Avalanche that will allow"}, {"start": "00:44:35", "end": "00:44:40", "text": "institutions to borrow against these"}, {"start": "00:44:37", "end": "00:44:42", "text": "real world assets. uh Kraken parent"}, {"start": "00:44:40", "end": "00:44:44", "text": "company moved in with hyperlquid per"}, {"start": "00:44:42", "end": "00:44:47", "text": "into the US anyways without clarity as"}, {"start": "00:44:44", "end": "00:44:48", "text": "well and Morpho launched that direct"}, {"start": "00:44:47", "end": "00:44:51", "text": "lending against collateral assets of"}, {"start": "00:44:48", "end": "00:44:52", "text": "your choice. There's a whole lot of"}, {"start": "00:44:51", "end": "00:44:55", "text": "advancements that are happening in the"}, {"start": "00:44:52", "end": "00:44:58", "text": "DeFi sector right now that are making me"}, {"start": "00:44:55", "end": "00:45:00", "text": "very very bullish and you know with all"}, {"start": "00:44:58", "end": "00:45:02", "text": "this movement Hyperlid's actually"}, {"start": "00:45:00", "end": "00:45:05", "text": "flipped Salana in total circulating"}, {"start": "00:45:02", "end": "00:45:07", "text": "USDC. Hyperlid is starting to make some"}, {"start": "00:45:05", "end": "00:45:10", "text": "waves not just in revenue but"}, {"start": "00:45:07", "end": "00:45:13", "text": "circulating USDC. The Avalanche news"}, {"start": "00:45:10", "end": "00:45:17", "text": "does make me think though I made really"}, {"start": "00:45:13", "end": "00:45:19", "text": "good money with Avalanche last cycle and"}, {"start": "00:45:17", "end": "00:45:22", "text": "I haven't necessarily seen it."}, {"start": "00:45:19", "end": "00:45:24", "text": ">> Well, you saw I don't know it was Matt"}, {"start": "00:45:22", "end": "00:45:26", "text": "Hogan I think or it might have been the"}, {"start": "00:45:24", "end": "00:45:28", "text": "other one. one of the guys from Bitwise"}, {"start": "00:45:26", "end": "00:45:30", "text": "uh at at a conference they were just at"}, {"start": "00:45:28", "end": "00:45:32", "text": "literally like four days ago had"}, {"start": "00:45:30", "end": "00:45:34", "text": "mentioned that they had said if he was"}, {"start": "00:45:32", "end": "00:45:36", "text": "going to launch something on any chain"}, {"start": "00:45:34", "end": "00:45:39", "text": "the chain he would launch it on would"}, {"start": "00:45:36", "end": "00:45:41", "text": "would be Avalanche. So uh there there"}, {"start": "00:45:39", "end": "00:45:43", "text": "are some pretty massive positives I"}, {"start": "00:45:41", "end": "00:45:44", "text": "think around the Avalanche chain. This"}, {"start": "00:45:43", "end": "00:45:46", "text": "is where it gets back to to due"}, {"start": "00:45:44", "end": "00:45:48", "text": "diligence. I don't think and I'm not"}, {"start": "00:45:46", "end": "00:45:50", "text": "calling any of you out that are watching"}, {"start": "00:45:48", "end": "00:45:52", "text": "right now but I'm calling every one of"}, {"start": "00:45:50", "end": "00:45:54", "text": "you out myself included. Nobody does the"}, {"start": "00:45:52", "end": "00:45:55", "text": "diligence that they need to do on the"}, {"start": "00:45:54", "end": "00:45:57", "text": "assets that they're holding and throwing"}, {"start": "00:45:55", "end": "00:45:58", "text": "tens of thousands of dollars or into"}, {"start": "00:45:57", "end": "00:46:00", "text": "even if it's only hundreds of dollars."}, {"start": "00:45:58", "end": "00:46:02", "text": "If you have a thousand dollars in your"}, {"start": "00:46:00", "end": "00:46:04", "text": "savings account and you have $1,000 in"}, {"start": "00:46:02", "end": "00:46:06", "text": "crypto, then that means 50% of your your"}, {"start": "00:46:04", "end": "00:46:09", "text": "net worth is in crypto, right? So, you"}, {"start": "00:46:06", "end": "00:46:11", "text": "need to start taking more uh strides"}, {"start": "00:46:09", "end": "00:46:12", "text": "towards due diligence. Most people don't"}, {"start": "00:46:11", "end": "00:46:14", "text": "know that Avalanche has three different"}, {"start": "00:46:12", "end": "00:46:16", "text": "chains. They basically tried to fix the"}, {"start": "00:46:14", "end": "00:46:18", "text": "bottleneck issue that we saw with things"}, {"start": "00:46:16", "end": "00:46:20", "text": "like Salana and Ethereum where you had"}, {"start": "00:46:18", "end": "00:46:22", "text": "bottlenecking of transactions and gas"}, {"start": "00:46:20", "end": "00:46:23", "text": "fees spiking, but then you have all this"}, {"start": "00:46:22", "end": "00:46:25", "text": "ETF trading but meme trading, but you"}, {"start": "00:46:23", "end": "00:46:27", "text": "also have these financial transactions"}, {"start": "00:46:25", "end": "00:46:29", "text": "and DeFi and yield. Avalanche"}, {"start": "00:46:27", "end": "00:46:31", "text": "essentially solved for that by creating"}, {"start": "00:46:29", "end": "00:46:33", "text": "three different channels, if you will,"}, {"start": "00:46:31", "end": "00:46:35", "text": "three different railroads within their"}, {"start": "00:46:33", "end": "00:46:38", "text": "ecosystem that could handle different"}, {"start": "00:46:35", "end": "00:46:39", "text": "types of transactions. And avalanche is"}, {"start": "00:46:38", "end": "00:46:41", "text": "essentially infinitely scalable because"}, {"start": "00:46:39", "end": "00:46:43", "text": "all you do is spin up somebody spins up"}, {"start": "00:46:41", "end": "00:46:45", "text": "a new node. Now you have uh a whole"}, {"start": "00:46:43", "end": "00:46:47", "text": "another node that can handle 4,500"}, {"start": "00:46:45", "end": "00:46:49", "text": "transactions uh per second or something."}, {"start": "00:46:47", "end": "00:46:50", "text": "I don't remember what the specifics are"}, {"start": "00:46:49", "end": "00:46:52", "text": "on that but the point"}, {"start": "00:46:50", "end": "00:46:53", "text": ">> it's very fast. It is very fast."}, {"start": "00:46:52", "end": "00:46:55", "text": ">> Avalanche. Yeah. So you can never"}, {"start": "00:46:53", "end": "00:46:58", "text": "bottleneck because you just spin up more"}, {"start": "00:46:55", "end": "00:47:01", "text": "nodes. Um but I I think Avalanche is"}, {"start": "00:46:58", "end": "00:47:03", "text": "gonna be one of those sort of quiet"}, {"start": "00:47:01", "end": "00:47:05", "text": "quiet uh movers that then all of a"}, {"start": "00:47:03", "end": "00:47:06", "text": "sudden takes a pretty big swing. And I"}, {"start": "00:47:05", "end": "00:47:08", "text": "do want to comment here. Somebody said"}, {"start": "00:47:06", "end": "00:47:11", "text": "something about me being the the DC"}, {"start": "00:47:08", "end": "00:47:15", "text": "background development guy. Uh I've been"}, {"start": "00:47:11", "end": "00:47:16", "text": "a part of DC for for for what five"}, {"start": "00:47:15", "end": "00:47:19", "text": "years."}, {"start": "00:47:16", "end": "00:47:22", "text": ">> Five years is not enough. You need to be"}, {"start": "00:47:19", "end": "00:47:24", "text": "here for 20 years before both me and"}, {"start": "00:47:22", "end": "00:47:26", "text": "you. I mean I we both have been part of"}, {"start": "00:47:24", "end": "00:47:27", "text": "this forever, dude."}, {"start": "00:47:26", "end": "00:47:28", "text": ">> Yeah. The point there was though, not"}, {"start": "00:47:27", "end": "00:47:30", "text": "just being a part of it, you know, I was"}, {"start": "00:47:28", "end": "00:47:32", "text": "one of the the the the alternate"}, {"start": "00:47:30", "end": "00:47:34", "text": "co-hosts on the Discover Crypto Show. I"}, {"start": "00:47:32", "end": "00:47:36", "text": "was running the daily BitLab Academy,"}, {"start": "00:47:34", "end": "00:47:39", "text": "hosting with you on a blockchain"}, {"start": "00:47:36", "end": "00:47:41", "text": "basement. I've just been uh we're a lean"}, {"start": "00:47:39", "end": "00:47:43", "text": "and mean team now. And so I've uh just"}, {"start": "00:47:41", "end": "00:47:45", "text": "taken the charge on building a bunch of"}, {"start": "00:47:43", "end": "00:47:48", "text": "tooling for everybody for the last six"}, {"start": "00:47:45", "end": "00:47:50", "text": "months um on the back end for our school"}, {"start": "00:47:48", "end": "00:47:51", "text": "community, which uh a lot a lot of"}, {"start": "00:47:50", "end": "00:47:52", "text": "really cool things we're doing there."}, {"start": "00:47:51", "end": "00:47:54", "text": "But uh no, I'm I'm still coming on."}, {"start": "00:47:52", "end": "00:47:57", "text": "Sometimes I give TJ some breathing room"}, {"start": "00:47:54", "end": "00:47:58", "text": "to do some other stuff. Uh and I take a"}, {"start": "00:47:57", "end": "00:48:00", "text": "break from looking staring into clawed"}, {"start": "00:47:58", "end": "00:48:03", "text": "code. But uh"}, {"start": "00:48:00", "end": "00:48:05", "text": ">> oh lord, this chat is funny. Uh let"}, {"start": "00:48:03", "end": "00:48:07", "text": "Kelly attacking us personally. That's"}, {"start": "00:48:05", "end": "00:48:10", "text": "how I feel. Kelly is attacking everyone"}, {"start": "00:48:07", "end": "00:48:12", "text": "personally. You know, I just look at"}, {"start": "00:48:10", "end": "00:48:14", "text": "this avalanche thing. It's like sure it"}, {"start": "00:48:12", "end": "00:48:16", "text": "could die. I'm just like I made a lot of"}, {"start": "00:48:14", "end": "00:48:17", "text": "money off of buying those September 23"}, {"start": "00:48:16", "end": "00:48:21", "text": "lows"}, {"start": "00:48:17", "end": "00:48:25", "text": ">> and I'm looking at this new low and I'm"}, {"start": "00:48:21", "end": "00:48:26", "text": "just I'm I'm kind of because here's my"}, {"start": "00:48:25", "end": "00:48:29", "text": "problem with Avalanche is some of the"}, {"start": "00:48:26", "end": "00:48:31", "text": "originating developers of this thing"}, {"start": "00:48:29", "end": "00:48:33", "text": "were on the show with me and told me not"}, {"start": "00:48:31", "end": "00:48:35", "text": "like they're not interested. They don't"}, {"start": "00:48:33", "end": "00:48:39", "text": "care if it's low. They've they've been"}, {"start": "00:48:35", "end": "00:48:41", "text": "so jaded by the internal org that it"}, {"start": "00:48:39", "end": "00:48:43", "text": "really made me kind of skittish. It's"}, {"start": "00:48:41", "end": "00:48:45", "text": "nothing I could like put a stamp on"}, {"start": "00:48:43", "end": "00:48:47", "text": "because obviously they'd come after me"}, {"start": "00:48:45", "end": "00:48:50", "text": "or whatever. But"}, {"start": "00:48:47", "end": "00:48:52", "text": "I've seen even vaporware rise and this"}, {"start": "00:48:50", "end": "00:48:54", "text": "thing is it's not taken off out of the"}, {"start": "00:48:52", "end": "00:48:57", "text": "$7 mark as of yet. It's running into"}, {"start": "00:48:54", "end": "00:48:59", "text": "that turbulence here. The money flow on"}, {"start": "00:48:57", "end": "00:49:01", "text": "the weekly time frame is angling down,"}, {"start": "00:48:59", "end": "00:49:02", "text": "but a lot of these different alts are"}, {"start": "00:49:01", "end": "00:49:03", "text": "doing the same thing. Let's look at what"}, {"start": "00:49:02", "end": "00:49:05", "text": "the daily is doing. It's got a green dot"}, {"start": "00:49:03", "end": "00:49:09", "text": "on the daily. And another thing that's"}, {"start": "00:49:05", "end": "00:49:12", "text": "kind of interesting is that this"}, {"start": "00:49:09", "end": "00:49:15", "text": "descending kind of trend line that's"}, {"start": "00:49:12", "end": "00:49:16", "text": "marked the moments to sell this thing at"}, {"start": "00:49:15", "end": "00:49:19", "text": "is starting to come to its conclusion."}, {"start": "00:49:16", "end": "00:49:22", "text": "Like it's going to have to make a choice"}, {"start": "00:49:19", "end": "00:49:25", "text": "here within the next hundred 100 days"}, {"start": "00:49:22", "end": "00:49:28", "text": "just about on if it's going to go back"}, {"start": "00:49:25", "end": "00:49:30", "text": "down to $3 release levels or if it's"}, {"start": "00:49:28", "end": "00:49:31", "text": "going to break up and out of this"}, {"start": "00:49:30", "end": "00:49:35", "text": "descending channel. That's a very"}, {"start": "00:49:31", "end": "00:49:37", "text": "interesting graph right there. SUI,"}, {"start": "00:49:35", "end": "00:49:41", "text": "let's see, or SUI. Oh, I saw a question"}, {"start": "00:49:37", "end": "00:49:44", "text": "about SUI. SUI I was on the test net for"}, {"start": "00:49:41", "end": "00:49:46", "text": "and it's a very fast project. It's got a"}, {"start": "00:49:44", "end": "00:49:47", "text": "cool development background because the"}, {"start": "00:49:46", "end": "00:49:50", "text": "people that were in charge of putting"}, {"start": "00:49:47", "end": "00:49:53", "text": "together the Facebook Libra token split"}, {"start": "00:49:50", "end": "00:49:56", "text": "into they developed SUI and then the"}, {"start": "00:49:53", "end": "00:49:58", "text": "others developed Aptose. So, it's kind"}, {"start": "00:49:56", "end": "00:49:59", "text": "of two different chains that were"}, {"start": "00:49:58", "end": "00:50:00", "text": "developed out of this. Let's get rid of"}, {"start": "00:49:59", "end": "00:50:03", "text": "the Ballinger bands. I want to look at"}, {"start": "00:50:00", "end": "00:50:05", "text": "SUI real quick. twow week time frame."}, {"start": "00:50:03", "end": "00:50:08", "text": "It's a little bit too macro for how old"}, {"start": "00:50:05", "end": "00:50:10", "text": "this is. This is a newer project. It"}, {"start": "00:50:08", "end": "00:50:12", "text": "looks like it's got more downwinds to it"}, {"start": "00:50:10", "end": "00:50:15", "text": "right now. It's got a red dot printing"}, {"start": "00:50:12", "end": "00:50:17", "text": "on the weekly. Hasn't really had"}, {"start": "00:50:15", "end": "00:50:20", "text": ">> that's rounding. It's rounding pretty"}, {"start": "00:50:17", "end": "00:50:22", "text": "significantly though. It does look like"}, {"start": "00:50:20", "end": "00:50:25", "text": "some sort of bottoming."}, {"start": "00:50:22", "end": "00:50:27", "text": ">> It is. Let's see here. And this is"}, {"start": "00:50:25", "end": "00:50:29", "text": "interesting. We have higher lows on the"}, {"start": "00:50:27", "end": "00:50:33", "text": "momentum waves pretty consistently even"}, {"start": "00:50:29", "end": "00:50:34", "text": "since that uh October 10th wash out."}, {"start": "00:50:33", "end": "00:50:37", "text": "It's right around 70 cents right now."}, {"start": "00:50:34", "end": "00:50:38", "text": "That's a tough one. It has that one"}, {"start": "00:50:37", "end": "00:50:41", "text": "thing. I always say this though. All I'm"}, {"start": "00:50:38", "end": "00:50:44", "text": "looking for in general is higher lows on"}, {"start": "00:50:41", "end": "00:50:46", "text": "good altcoins. All I'm looking for is"}, {"start": "00:50:44", "end": "00:50:47", "text": "higher lows and it is smack dab at those"}, {"start": "00:50:46", "end": "00:50:48", "text": "higher lows. So, this is probably"}, {"start": "00:50:47", "end": "00:50:50", "text": "something I got to watch."}, {"start": "00:50:48", "end": "00:50:51", "text": ">> Check it out."}, {"start": "00:50:50", "end": "00:50:52", "text": ">> What do we see? Let's see. What do we"}, {"start": "00:50:51", "end": "00:50:54", "text": "got?"}, {"start": "00:50:52", "end": "00:50:57", "text": ">> Hold on. Here we go. What do we see? Oh,"}, {"start": "00:50:54", "end": "00:51:00", "text": "god dang it. There we go. What do we see"}, {"start": "00:50:57", "end": "00:51:03", "text": "right here? What do you see right there"}, {"start": "00:51:00", "end": "00:51:05", "text": "on the on the lows on the RSI?"}, {"start": "00:51:03", "end": "00:51:08", "text": ">> Is it setting a bull?"}, {"start": "00:51:05", "end": "00:51:10", "text": ">> So, let's go ahead and just mark mark"}, {"start": "00:51:08", "end": "00:51:12", "text": "what we're seeing here. Now, let's look"}, {"start": "00:51:10", "end": "00:51:15", "text": "at that on the chart. We got a bit of a"}, {"start": "00:51:12", "end": "00:51:18", "text": "bull forming on the weekly all the way"}, {"start": "00:51:15", "end": "00:51:20", "text": "back into February. Money flow is"}, {"start": "00:51:18", "end": "00:51:22", "text": "starting to tick to the upside here on"}, {"start": "00:51:20", "end": "00:51:24", "text": "the Chica money flow. We got the the"}, {"start": "00:51:22", "end": "00:51:26", "text": "momentum on the MACD is starting to"}, {"start": "00:51:24", "end": "00:51:29", "text": "swing to the upside. If you look at this"}, {"start": "00:51:26", "end": "00:51:31", "text": "on Market Cipher, uh you don't see it as"}, {"start": "00:51:29", "end": "00:51:33", "text": "clearly because the RSIs get kind of"}, {"start": "00:51:31", "end": "00:51:35", "text": "lost in the sauce here. Uh but you"}, {"start": "00:51:33", "end": "00:51:37", "text": "that's that's kind of why I have these"}, {"start": "00:51:35", "end": "00:51:39", "text": "two different template setups so I can"}, {"start": "00:51:37", "end": "00:51:41", "text": "see things very clearly. You do got a"}, {"start": "00:51:39", "end": "00:51:43", "text": "red dot. It's over. Well, I mean, we"}, {"start": "00:51:41", "end": "00:51:45", "text": "also had a red dot followed almost"}, {"start": "00:51:43", "end": "00:51:47", "text": "immediately by a green dot. I think this"}, {"start": "00:51:45", "end": "00:51:49", "text": "zone is a little bit it's probably gonna"}, {"start": "00:51:47", "end": "00:51:52", "text": "chop a bit more in here. But watch what"}, {"start": "00:51:49", "end": "00:51:54", "text": "I'd be watching for specifically on SUI"}, {"start": "00:51:52", "end": "00:51:56", "text": "is this zone right here."}, {"start": "00:51:54", "end": "00:51:58", "text": ">> And we Let's make this red. Let's make"}, {"start": "00:51:56", "end": "00:52:00", "text": "that red. No, let's leave it green"}, {"start": "00:51:58", "end": "00:52:03", "text": "because if this is able to take out"}, {"start": "00:52:00", "end": "00:52:04", "text": "these lows and this these highs and come"}, {"start": "00:52:03", "end": "00:52:07", "text": "out, find support here. This would be"}, {"start": "00:52:04", "end": "00:52:09", "text": "kind of a gateway to a real trend"}, {"start": "00:52:07", "end": "00:52:10", "text": "reversal to uh start a move to the"}, {"start": "00:52:09", "end": "00:52:12", "text": "upside."}, {"start": "00:52:10", "end": "00:52:14", "text": ">> Interesting. Okay. Yeah, I'm gonna"}, {"start": "00:52:12", "end": "00:52:16", "text": "probably have to start paying attention"}, {"start": "00:52:14", "end": "00:52:18", "text": "to because I do like that it has higher"}, {"start": "00:52:16", "end": "00:52:21", "text": "lows and I do like that it has higher"}, {"start": "00:52:18", "end": "00:52:22", "text": "lows. Weekly doesn't look great in terms"}, {"start": "00:52:21", "end": "00:52:24", "text": "of that money flow, but that could play"}, {"start": "00:52:22", "end": "00:52:27", "text": "out. We could see that bolded play out"}, {"start": "00:52:24", "end": "00:52:29", "text": "for a little bit longer uh before it"}, {"start": "00:52:27", "end": "00:52:32", "text": "comes to fruition. I'm actually I'm just"}, {"start": "00:52:29", "end": "00:52:34", "text": "in such a buying mindset right now on"}, {"start": "00:52:32", "end": "00:52:35", "text": "because I've been buying Bitcoin and"}, {"start": "00:52:34", "end": "00:52:38", "text": "then a few months ago we started moving"}, {"start": "00:52:35", "end": "00:52:42", "text": "in on altcoins thankfully before the big"}, {"start": "00:52:38", "end": "00:52:44", "text": "blow up here. Venice token. The Venice"}, {"start": "00:52:42", "end": "00:52:48", "text": "is the usage of their daily tokens has"}, {"start": "00:52:44", "end": "00:52:51", "text": "now hit 250 billion daily tokens and"}, {"start": "00:52:48", "end": "00:52:53", "text": "Venice has been absolutely screaming."}, {"start": "00:52:51", "end": "00:52:56", "text": "This is kind of a one of the"}, {"start": "00:52:53", "end": "00:52:59", "text": ">> guys to put it clear the unique thing"}, {"start": "00:52:56", "end": "00:53:01", "text": "about Venice is it's kind of like an AI."}, {"start": "00:52:59", "end": "00:53:03", "text": "This is it's very different of course"}, {"start": "00:53:01", "end": "00:53:06", "text": "but it's uh metaphorically very similar"}, {"start": "00:53:03", "end": "00:53:10", "text": "to something like Monero or Zcash in"}, {"start": "00:53:06", "end": "00:53:13", "text": "that it is an AI play that allows"}, {"start": "00:53:10", "end": "00:53:15", "text": "essentially privacy of the work that"}, {"start": "00:53:13", "end": "00:53:18", "text": "you're doing to not be completely"}, {"start": "00:53:15", "end": "00:53:20", "text": "ingested and stolen by the AI LLM that"}, {"start": "00:53:18", "end": "00:53:22", "text": "you're utilizing. Right? So, and know"}, {"start": "00:53:20", "end": "00:53:24", "text": "it's obviously a different type of"}, {"start": "00:53:22", "end": "00:53:27", "text": "privacy play than Monero and Zcash, but"}, {"start": "00:53:24", "end": "00:53:29", "text": "it's in the age of AI where they've"}, {"start": "00:53:27", "end": "00:53:31", "text": "already seen I did you see the guy that"}, {"start": "00:53:29", "end": "00:53:34", "text": "basically was working tirelessly to"}, {"start": "00:53:31", "end": "00:53:36", "text": "towards some math millennium prize or"}, {"start": "00:53:34", "end": "00:53:38", "text": "something like that and then uh about"}, {"start": "00:53:36", "end": "00:53:39", "text": "two weeks later OpenAI came out and"}, {"start": "00:53:38", "end": "00:53:42", "text": "basically pushed the proof and they got"}, {"start": "00:53:39", "end": "00:53:45", "text": "the they got the they had this big, you"}, {"start": "00:53:42", "end": "00:53:48", "text": "know, financial award and also the the"}, {"start": "00:53:45", "end": "00:53:50", "text": "PR award. But the truth is he was doing"}, {"start": "00:53:48", "end": "00:53:53", "text": "all of his work within chat GPT. So they"}, {"start": "00:53:50", "end": "00:53:54", "text": "had basically his novel way that he was"}, {"start": "00:53:53", "end": "00:53:57", "text": "going about addressing this math problem"}, {"start": "00:53:54", "end": "00:53:59", "text": "that has not been solved for 90 years."}, {"start": "00:53:57", "end": "00:54:02", "text": "Open AAI basically took that information"}, {"start": "00:53:59", "end": "00:54:04", "text": "and went and uh and basically solved it"}, {"start": "00:54:02", "end": "00:54:06", "text": "themselves. And that's a big concern"}, {"start": "00:54:04", "end": "00:54:07", "text": "when you think about enterprise and"}, {"start": "00:54:06", "end": "00:54:10", "text": "individuals and if you're doing your"}, {"start": "00:54:07", "end": "00:54:11", "text": "taxes or if you're sharing any secret"}, {"start": "00:54:10", "end": "00:54:14", "text": "keys or anything like that. If you"}, {"start": "00:54:11", "end": "00:54:16", "text": "process anything that you want to remain"}, {"start": "00:54:14", "end": "00:54:18", "text": "private through chat GPT or through"}, {"start": "00:54:16", "end": "00:54:21", "text": "Anthropic or you know any of these uh"}, {"start": "00:54:18", "end": "00:54:25", "text": "these LLMs, these frontier LLM, you're"}, {"start": "00:54:21", "end": "00:54:26", "text": "sharing all of that data with them. So"}, {"start": "00:54:25", "end": "00:54:28", "text": "then it's just kind of a step outside of"}, {"start": "00:54:26", "end": "00:54:30", "text": "that system."}, {"start": "00:54:28", "end": "00:54:33", "text": ">> Absolutely. And I just looking at this"}, {"start": "00:54:30", "end": "00:54:36", "text": "chart in general,"}, {"start": "00:54:33", "end": "00:54:38", "text": "I had two different buy plans for it and"}, {"start": "00:54:36", "end": "00:54:39", "text": "neither one of them has worked out. I'm"}, {"start": "00:54:38", "end": "00:54:42", "text": "giving it time because it's running"}, {"start": "00:54:39", "end": "00:54:44", "text": "outside the norm of the market here and"}, {"start": "00:54:42", "end": "00:54:46", "text": "I might be missing out on this $13"}, {"start": "00:54:44", "end": "00:54:49", "text": "midpoint of the W pattern. This thing is"}, {"start": "00:54:46", "end": "00:54:51", "text": "absolutely screaming. I know that it's"}, {"start": "00:54:49", "end": "00:54:54", "text": "going to have some turbulence or some"}, {"start": "00:54:51", "end": "00:54:58", "text": "bounce to the ounce here in the 1617"}, {"start": "00:54:54", "end": "00:54:59", "text": "range for sure. And 137 is the other"}, {"start": "00:54:58", "end": "00:55:02", "text": "spot, but it's just been grinding to the"}, {"start": "00:54:59", "end": "00:55:04", "text": "upside on this trend line for quite some"}, {"start": "00:55:02", "end": "00:55:06", "text": "time. Quite some time. I mean, it's"}, {"start": "00:55:04", "end": "00:55:08", "text": "still a very small market cap, which is"}, {"start": "00:55:06", "end": "00:55:12", "text": "something crazy to think about. Man,"}, {"start": "00:55:08", "end": "00:55:15", "text": "this is the time frame where,"}, {"start": "00:55:12", "end": "00:55:17", "text": "you know, the the reason why I like, let"}, {"start": "00:55:15", "end": "00:55:19", "text": "me ask, I'll explain why I moved into"}, {"start": "00:55:17", "end": "00:55:21", "text": "the altcoin sector so viciously a couple"}, {"start": "00:55:19", "end": "00:55:23", "text": "months ago and started buying these"}, {"start": "00:55:21", "end": "00:55:25", "text": "alts. Um, and then I kind of want to get"}, {"start": "00:55:23", "end": "00:55:28", "text": "your thought process behind it because"}, {"start": "00:55:25", "end": "00:55:31", "text": "what I saw just the biggest thing, the"}, {"start": "00:55:28", "end": "00:55:33", "text": "biggest driving factor was how long, not"}, {"start": "00:55:31", "end": "00:55:36", "text": "the altcoin sector, the others chart had"}, {"start": "00:55:33", "end": "00:55:39", "text": "been beat down. It was Ethereum noticing"}, {"start": "00:55:36", "end": "00:55:43", "text": "that Ethereum had been basically in a"}, {"start": "00:55:39", "end": "00:55:46", "text": "red money flow against Bitcoin for I"}, {"start": "00:55:43", "end": "00:55:47", "text": "think it was about 1,500 days or"}, {"start": "00:55:46", "end": "00:55:50", "text": "something like that. It was an immense"}, {"start": "00:55:47", "end": "00:55:53", "text": "amount of time. I mean a Yeah. 1,560"}, {"start": "00:55:50", "end": "00:55:55", "text": "days and then we started to see I"}, {"start": "00:55:53", "end": "00:55:57", "text": "actually started moving in on this VWAP"}, {"start": "00:55:55", "end": "00:55:59", "text": "clip back to the upside because I could"}, {"start": "00:55:57", "end": "00:56:01", "text": "just very clearly see the money flow was"}, {"start": "00:55:59", "end": "00:56:03", "text": "rounding out in a vicious manner. And"}, {"start": "00:56:01", "end": "00:56:06", "text": "usually when I see money flow go down"}, {"start": "00:56:03", "end": "00:56:07", "text": "this hard on an asset that's still used."}, {"start": "00:56:06", "end": "00:56:11", "text": "It comes back with a vengeance. Right"}, {"start": "00:56:07", "end": "00:56:12", "text": "now we're starting to do that crab kind"}, {"start": "00:56:11", "end": "00:56:14", "text": "of tail. I've talked about this a lot"}, {"start": "00:56:12", "end": "00:56:16", "text": "where I see this pattern when you dig"}, {"start": "00:56:14", "end": "00:56:19", "text": "yourself out of the red money flow where"}, {"start": "00:56:16", "end": "00:56:22", "text": "you kind of writhe back and forth and"}, {"start": "00:56:19", "end": "00:56:24", "text": "then start to move back to the upside."}, {"start": "00:56:22", "end": "00:56:27", "text": "So that's essentially my thought"}, {"start": "00:56:24", "end": "00:56:30", "text": "process. But you it was kind of weird. I"}, {"start": "00:56:27", "end": "00:56:31", "text": "moved in and then you also did. Why did"}, {"start": "00:56:30", "end": "00:56:34", "text": "you decide to move? Was it other metrics"}, {"start": "00:56:31", "end": "00:56:35", "text": "that you were looking at that decided to"}, {"start": "00:56:34", "end": "00:56:37", "text": "kind of initiate that hammer town on"}, {"start": "00:56:35", "end": "00:56:39", "text": "altcoins?"}, {"start": "00:56:37", "end": "00:56:42", "text": "Yeah, I mean I broke it down in in"}, {"start": "00:56:39", "end": "00:56:47", "text": "school, I believe, a couple weeks back."}, {"start": "00:56:42", "end": "00:56:50", "text": "Um, but I mean on Bitcoin and on the alt"}, {"start": "00:56:47", "end": "00:56:52", "text": "market, I saw this sort of thesis that"}, {"start": "00:56:50", "end": "00:56:55", "text": "we hadn't really had any sort of alt"}, {"start": "00:56:52", "end": "00:56:56", "text": "bull market. And even the little run-ups"}, {"start": "00:56:55", "end": "00:56:58", "text": "that we had, I don't think we're really"}, {"start": "00:56:56", "end": "00:57:00", "text": "there were a bull trend that we never we"}, {"start": "00:56:58", "end": "00:57:04", "text": "never we haven't had a bull market in in"}, {"start": "00:57:00", "end": "00:57:06", "text": "altcoins for over four years. So looking"}, {"start": "00:57:04", "end": "00:57:08", "text": "at Bitcoin and looking at Bit Tensor"}, {"start": "00:57:06", "end": "00:57:10", "text": "Towel, Bit Tensor Towel is another one I"}, {"start": "00:57:08", "end": "00:57:12", "text": "moved in pretty heavy on because uh you"}, {"start": "00:57:10", "end": "00:57:15", "text": "know it's in the massive AI narrative"}, {"start": "00:57:12", "end": "00:57:17", "text": "space and has some of the biggest uh"}, {"start": "00:57:15", "end": "00:57:18", "text": "voices in the ecosystem like people that"}, {"start": "00:57:17", "end": "00:57:20", "text": "are not even in crypto. I'm talking"}, {"start": "00:57:18", "end": "00:57:22", "text": "about like people like Chamoth Paula"}, {"start": "00:57:20", "end": "00:57:25", "text": "Patia and the All-In podcast and David"}, {"start": "00:57:22", "end": "00:57:28", "text": "Saxs and Jensen Wang the the CEO of of"}, {"start": "00:57:25", "end": "00:57:30", "text": "Nvidia talking about Bit Tensor. So, uh,"}, {"start": "00:57:28", "end": "00:57:32", "text": "I moved into that, uh, chain link."}, {"start": "00:57:30", "end": "00:57:35", "text": "Obviously, I actually added more to it"}, {"start": "00:57:32", "end": "00:57:37", "text": "yesterday on the wash out, uh, wick to"}, {"start": "00:57:35", "end": "00:57:39", "text": "the downside within like two cents of"}, {"start": "00:57:37", "end": "00:57:42", "text": "the bottom. I just po popped in and then"}, {"start": "00:57:39", "end": "00:57:45", "text": "it's it's it's right now it's been up"}, {"start": "00:57:42", "end": "00:57:47", "text": "only since I layered in. But, uh, uh,"}, {"start": "00:57:45", "end": "00:57:49", "text": "what was the other one? Uh, Aerodrome I"}, {"start": "00:57:47", "end": "00:57:50", "text": "moved in very heavy on because we're"}, {"start": "00:57:49", "end": "00:57:54", "text": "seeing the massive moves in in"}, {"start": "00:57:50", "end": "00:57:58", "text": "tokenization. Uh Coinbase is obviously a"}, {"start": "00:57:54", "end": "00:58:00", "text": "bohemoth in in uh US uh crypto and and"}, {"start": "00:57:58", "end": "00:58:04", "text": "finance the way they're they've moved."}, {"start": "00:58:00", "end": "00:58:07", "text": "Um and aer Coinbase did a $und00 million"}, {"start": "00:58:04", "end": "00:58:08", "text": "open market purchase of Aerodrome what"}, {"start": "00:58:07", "end": "00:58:11", "text": "two years ago now. So they've got pretty"}, {"start": "00:58:08", "end": "00:58:14", "text": "big vested interest in making sure that"}, {"start": "00:58:11", "end": "00:58:15", "text": "Aerome is is uh part of of the runup and"}, {"start": "00:58:14", "end": "00:58:17", "text": "development and all those sorts of"}, {"start": "00:58:15", "end": "00:58:19", "text": "things. And we've also seen the metrics"}, {"start": "00:58:17", "end": "00:58:21", "text": "on Aerodrome moving up. So all the"}, {"start": "00:58:19", "end": "00:58:22", "text": "fundamentals were in line. And then I"}, {"start": "00:58:21", "end": "00:58:25", "text": "looked at the big bull div that was"}, {"start": "00:58:22", "end": "00:58:27", "text": "forming on Bitcoin and also in the"}, {"start": "00:58:25", "end": "00:58:29", "text": "altcoin ecosystem. So I just started"}, {"start": "00:58:27", "end": "00:58:32", "text": "layering in middle of July all the way"}, {"start": "00:58:29", "end": "00:58:35", "text": "into about August 15th. And when did the"}, {"start": "00:58:32", "end": "00:58:37", "text": "market pop? August 17th, August 18th. So"}, {"start": "00:58:35", "end": "00:58:38", "text": "right"}, {"start": "00:58:37", "end": "00:58:40", "text": "there."}, {"start": "00:58:38", "end": "00:58:42", "text": ">> Insane timing. So yeah, man. That that"}, {"start": "00:58:40", "end": "00:58:43", "text": "was just kind of cool because we didn't"}, {"start": "00:58:42", "end": "00:58:45", "text": "plan that out. Like I didn't even hit"}, {"start": "00:58:43", "end": "00:58:47", "text": "you up and be like, \"Hey, man.\" You"}, {"start": "00:58:45", "end": "00:58:48", "text": "know, we obviously we talk in school and"}, {"start": "00:58:47", "end": "00:58:50", "text": "everything like that. and I put my post"}, {"start": "00:58:48", "end": "00:58:52", "text": "out, but they happened from two"}, {"start": "00:58:50", "end": "00:58:54", "text": "different angles at the same time."}, {"start": "00:58:52", "end": "00:58:56", "text": "They've worked out so far. We got some"}, {"start": "00:58:54", "end": "00:58:57", "text": "room for a little bit of chop moving"}, {"start": "00:58:56", "end": "00:58:58", "text": "forward for the rest of the year. But"}, {"start": "00:58:57", "end": "00:59:00", "text": "see,"}, {"start": "00:58:58", "end": "00:59:02", "text": ">> I want to see hype I want to see hype"}, {"start": "00:59:00", "end": "00:59:04", "text": "pull back more, though. I That's one"}, {"start": "00:59:02", "end": "00:59:06", "text": "that I feel like I feel like I missed"}, {"start": "00:59:04", "end": "00:59:08", "text": "the move, man. But but then even if you"}, {"start": "00:59:06", "end": "00:59:11", "text": "even if you forget how far it's come and"}, {"start": "00:59:08", "end": "00:59:14", "text": "you realize the exponential"}, {"start": "00:59:11", "end": "00:59:16", "text": "amount of room to grow in terms of"}, {"start": "00:59:14", "end": "00:59:18", "text": "tokenization, uh I do think it has a lot"}, {"start": "00:59:16", "end": "00:59:20", "text": "more upside, but I don't like buying"}, {"start": "00:59:18", "end": "00:59:21", "text": "something near relative highs. I I I"}, {"start": "00:59:20", "end": "00:59:24", "text": "want to I want to see a pretty big"}, {"start": "00:59:21", "end": "00:59:26", "text": "pullback uh in hype before before I get"}, {"start": "00:59:24", "end": "00:59:27", "text": "into it. But I think that's a fantastic"}, {"start": "00:59:26", "end": "00:59:29", "text": "coin."}, {"start": "00:59:27", "end": "00:59:31", "text": ">> Absolutely, man. Well, Kelly, it was"}, {"start": "00:59:29", "end": "00:59:32", "text": "absolutely awesome having you on. You"}, {"start": "00:59:31", "end": "00:59:34", "text": "know, I think that we're getting close"}, {"start": "00:59:32", "end": "00:59:36", "text": "to the end of the week. Um, I said I"}, {"start": "00:59:34", "end": "00:59:38", "text": "would let the market kind of see where"}, {"start": "00:59:36", "end": "00:59:40", "text": "it kind of feathers out over the next"}, {"start": "00:59:38", "end": "00:59:42", "text": "few days leading into the weekend. As"}, {"start": "00:59:40", "end": "00:59:44", "text": "things sit right now though, we have a"}, {"start": "00:59:42", "end": "00:59:47", "text": "very bullish signal that the Clarity Act"}, {"start": "00:59:44", "end": "00:59:48", "text": "failed. We got interest rate hikes and"}, {"start": "00:59:47", "end": "00:59:51", "text": "Bitcoin, you know what, it's going to"}, {"start": "00:59:48", "end": "00:59:53", "text": "pump by 1%. It really doesn't feel the"}, {"start": "00:59:51", "end": "00:59:56", "text": "effects. Uh, really appreciate you and"}, {"start": "00:59:53", "end": "00:59:57", "text": "all your insights, man. And I will"}, {"start": "00:59:56", "end": "00:59:59", "text": "hopefully I will see everyone in school"}, {"start": "00:59:57", "end": "01:00:02", "text": "because that's where we're pour pouring"}, {"start": "00:59:59", "end": "01:00:04", "text": "a lot of our hard work into. And you"}, {"start": "01:00:02", "end": "01:00:07", "text": "know, in this time frame, it's important"}, {"start": "01:00:04", "end": "01:00:09", "text": "to use the data, but also use your own"}, {"start": "01:00:07", "end": "01:00:11", "text": "discernment. This is where why we try to"}, {"start": "01:00:09", "end": "01:00:14", "text": "teach people how to use their own"}, {"start": "01:00:11", "end": "01:00:15", "text": "discernment inside of our school because"}, {"start": "01:00:14", "end": "01:00:17", "text": "everyone's got a different place that"}, {"start": "01:00:15", "end": "01:00:19", "text": "they're investing from, right? Some"}, {"start": "01:00:17", "end": "01:00:22", "text": "people are trying to turn a hundred"}, {"start": "01:00:19", "end": "01:00:24", "text": "bucks into a,000 bucks quickly. Others"}, {"start": "01:00:22", "end": "01:00:27", "text": "are trying to turn a million dollars"}, {"start": "01:00:24", "end": "01:00:28", "text": "into a million two, right? And so"}, {"start": "01:00:27", "end": "01:00:29", "text": "there's a whole different aspect of it"}, {"start": "01:00:28", "end": "01:00:32", "text": "that you got to understand. focus on the"}, {"start": "01:00:29", "end": "01:00:34", "text": "percentages that you can gain. Don't get"}, {"start": "01:00:32", "end": "01:00:36", "text": "lost in the dollar amounts you see"}, {"start": "01:00:34", "end": "01:00:38", "text": "people like like we're doing or like"}, {"start": "01:00:36", "end": "01:00:40", "text": "Cryptoface is doing. You're you're"}, {"start": "01:00:38", "end": "01:00:42", "text": "you're digging a grave for yourself if"}, {"start": "01:00:40", "end": "01:00:46", "text": "you're trying to keep up with somebody"}, {"start": "01:00:42", "end": "01:00:49", "text": "on a dollar basis. Trade and invest for"}, {"start": "01:00:46", "end": "01:00:51", "text": "your strategy and look for percentage"}, {"start": "01:00:49", "end": "01:00:53", "text": "growth, not dollar growth. Dollar growth"}, {"start": "01:00:51", "end": "01:00:57", "text": "is going to trap you in hope and fear."}, {"start": "01:00:53", "end": "01:00:58", "text": "If you get 5% a day or 5% uh more often"}, {"start": "01:00:57", "end": "01:01:00", "text": "than not, six times out of 10, you know,"}, {"start": "01:00:58", "end": "01:01:03", "text": "and you're not losing 20% on every"}, {"start": "01:01:00", "end": "01:01:04", "text": "trade, uh you will grow over time."}, {"start": "01:01:03", "end": "01:01:07", "text": "You're you're going to compound. So,"}, {"start": "01:01:04", "end": "01:01:08", "text": "just stick with it, everybody. Uh what a"}, {"start": "01:01:07", "end": "01:01:11", "text": "good what a good day. What a good setup"}, {"start": "01:01:08", "end": "01:01:12", "text": "we have going into uh the fall for sure."}, {"start": "01:01:11", "end": "01:01:14", "text": ">> Absolutely. All right, Kelly. Well, you"}, {"start": "01:01:12", "end": "01:01:17", "text": "take care and I will see everyone"}, {"start": "01:01:14", "end": "01:01:20", "text": "tonight on the nightly video. Be good."}, {"start": "01:01:17", "end": "01:01:20", "text": "Adios."}]

[{"start": "00:00:00", "end": "00:00:06", "text": "Bitcoin is about to face its biggest"}, {"start": "00:00:02", "end": "00:00:09", "text": "test yet. Look at these two charts. The"}, {"start": "00:00:06", "end": "00:00:12", "text": "first one, 1979 to 1980 stagflationary"}, {"start": "00:00:09", "end": "00:00:15", "text": "blow-off top for gold, a build-up of a"}, {"start": "00:00:12", "end": "00:00:17", "text": "cup and handle playing into a bull flag"}, {"start": "00:00:15", "end": "00:00:19", "text": "and over-performing that flag target."}, {"start": "00:00:17", "end": "00:00:22", "text": "This is when the world economy"}, {"start": "00:00:19", "end": "00:00:24", "text": "acknowledged that we indeed had hit"}, {"start": "00:00:22", "end": "00:00:26", "text": "stagflation, a pressure that the world"}, {"start": "00:00:24", "end": "00:00:28", "text": "was not ready for. Now, stagflation is"}, {"start": "00:00:26", "end": "00:00:31", "text": "one of the worst words to say for any"}, {"start": "00:00:28", "end": "00:00:33", "text": "economic outlook of the US economy and"}, {"start": "00:00:31", "end": "00:00:34", "text": "really the world economy, but there's a"}, {"start": "00:00:33", "end": "00:00:37", "text": "reason why I'm bringing you this"}, {"start": "00:00:34", "end": "00:00:39", "text": "information. It's this chart pattern on"}, {"start": "00:00:37", "end": "00:00:42", "text": "gold, the canary in the coal mine, is"}, {"start": "00:00:39", "end": "00:00:44", "text": "exactly what we have in this current"}, {"start": "00:00:42", "end": "00:00:46", "text": "market environment. You can see a very"}, {"start": "00:00:44", "end": "00:00:48", "text": "clear cup and handle playing out to a"}, {"start": "00:00:46", "end": "00:00:51", "text": "bull flag. The target, once again,"}, {"start": "00:00:48", "end": "00:00:53", "text": "over-performs and now gold is coiling"}, {"start": "00:00:51", "end": "00:00:55", "text": "right around 4300. Now, economists don't"}, {"start": "00:00:53", "end": "00:00:57", "text": "want to admit this current situation is"}, {"start": "00:00:55", "end": "00:00:59", "text": "stagflation. And the wonderful reason"}, {"start": "00:00:57", "end": "00:01:02", "text": "why is because there's been so much"}, {"start": "00:00:59", "end": "00:01:05", "text": "growth in the data center and tech"}, {"start": "00:01:02", "end": "00:01:07", "text": "sectors that PMI is screaming if you're"}, {"start": "00:01:05", "end": "00:01:10", "text": "looking at just those two metrics. Now,"}, {"start": "00:01:07", "end": "00:01:12", "text": "this candle labeled stagflation is"}, {"start": "00:01:10", "end": "00:01:15", "text": "labeled for a reason. We had an Iranian"}, {"start": "00:01:12", "end": "00:01:17", "text": "oil crisis taking hold in 1979 playing"}, {"start": "00:01:15", "end": "00:01:20", "text": "into that inflationary outlook as oil"}, {"start": "00:01:17", "end": "00:01:23", "text": "crisis reared its ugly head. We also had"}, {"start": "00:01:20", "end": "00:01:25", "text": "Soviet takes in Afghanistan, an invasion"}, {"start": "00:01:23", "end": "00:01:27", "text": "from Russia. Inflation was taking hold"}, {"start": "00:01:25", "end": "00:01:30", "text": "in Volcker and in this environment our"}, {"start": "00:01:27", "end": "00:01:32", "text": "Federal Reserve Chair Volcker raised the"}, {"start": "00:01:30", "end": "00:01:34", "text": "rates. And he raised these rates into an"}, {"start": "00:01:32", "end": "00:01:37", "text": "inflation supply shock. Growth had"}, {"start": "00:01:34", "end": "00:01:38", "text": "stalled and gold became the panic trade."}, {"start": "00:01:37", "end": "00:01:40", "text": "Whether highbrow economists want to"}, {"start": "00:01:38", "end": "00:01:43", "text": "admit it or not, this panic trade is"}, {"start": "00:01:40", "end": "00:01:45", "text": "playing out once again. It's very clear"}, {"start": "00:01:43", "end": "00:01:47", "text": "that the charts are telling us more than"}, {"start": "00:01:45", "end": "00:01:49", "text": "the news. Rounded base, same"}, {"start": "00:01:47", "end": "00:01:51", "text": "acceleration, and gold is now sitting at"}, {"start": "00:01:49", "end": "00:01:54", "text": "that $4300 mark. It's a different"}, {"start": "00:01:51", "end": "00:01:56", "text": "decade, but the exact same shape. This"}, {"start": "00:01:54", "end": "00:01:59", "text": "gold chart is the canary in the coal"}, {"start": "00:01:56", "end": "00:02:01", "text": "mine. 1979 did not start as a textbook"}, {"start": "00:01:59", "end": "00:02:04", "text": "play. Started as a Middle East oil"}, {"start": "00:02:01", "end": "00:02:06", "text": "rupture hitting an economy that already"}, {"start": "00:02:04", "end": "00:02:10", "text": "had inflation psychology baked into it."}, {"start": "00:02:06", "end": "00:02:12", "text": "Crude roughly doubled, CPI run 13 to 14%"}, {"start": "00:02:10", "end": "00:02:14", "text": "and the bond yield exploded because the"}, {"start": "00:02:12", "end": "00:02:16", "text": "market stopped believing paper."}, {"start": "00:02:14", "end": "00:02:19", "text": "Political theater tried to manage the"}, {"start": "00:02:16", "end": "00:02:21", "text": "rates and Main Street got crushed. Sound"}, {"start": "00:02:19", "end": "00:02:23", "text": "familiar? Now we look at our current"}, {"start": "00:02:21", "end": "00:02:25", "text": "situation. We have another Iranian"}, {"start": "00:02:23", "end": "00:02:28", "text": "centered oil crisis. The Hormuz Strait"}, {"start": "00:02:25", "end": "00:02:30", "text": "is squeezed. We have pipelines from"}, {"start": "00:02:28", "end": "00:02:32", "text": "Saudi Arabia being hit. This is causing"}, {"start": "00:02:30", "end": "00:02:34", "text": "a fuel crisis, multi-hour lines, diesel"}, {"start": "00:02:32", "end": "00:02:37", "text": "shortages, sanctions on top of war"}, {"start": "00:02:34", "end": "00:02:40", "text": "damage and oil has screamed back over"}, {"start": "00:02:37", "end": "00:02:42", "text": "$100 a barrel. To add more confluence to"}, {"start": "00:02:40", "end": "00:02:44", "text": "this, we have another Russian war"}, {"start": "00:02:42", "end": "00:02:46", "text": "grinding through the Ukraine while"}, {"start": "00:02:44", "end": "00:02:48", "text": "Moscow sweats a parliamentary vote."}, {"start": "00:02:46", "end": "00:02:50", "text": "Treasury yields are now at 5%, the"}, {"start": "00:02:48", "end": "00:02:52", "text": "highest in a generation and the Federal"}, {"start": "00:02:50", "end": "00:02:54", "text": "Reserve hiking into an energy shock"}, {"start": "00:02:52", "end": "00:02:56", "text": "that's currently happening while"}, {"start": "00:02:54", "end": "00:02:59", "text": "politicians demand easier money. This is"}, {"start": "00:02:56", "end": "00:03:01", "text": "not a coincidence. This is a 1979 recipe"}, {"start": "00:02:59", "end": "00:03:03", "text": "book with better cameras. And they can"}, {"start": "00:03:01", "end": "00:03:04", "text": "put lipstick on the pig all they want."}, {"start": "00:03:03", "end": "00:03:06", "text": "They want to point at the growth. Well,"}, {"start": "00:03:04", "end": "00:03:08", "text": "let's take a look at where that growth"}, {"start": "00:03:06", "end": "00:03:10", "text": "actually is. Data center construction is"}, {"start": "00:03:08", "end": "00:03:13", "text": "now the largest slice of US private"}, {"start": "00:03:10", "end": "00:03:14", "text": "office building, $50"}, {"start": "00:03:13", "end": "00:03:17", "text": "over the year and bigger than the"}, {"start": "00:03:14", "end": "00:03:19", "text": "traditional office space at 43 billion,"}, {"start": "00:03:17", "end": "00:03:22", "text": "about 52% of the office category and"}, {"start": "00:03:19", "end": "00:03:25", "text": "this has risen by 27% just this year."}, {"start": "00:03:22", "end": "00:03:26", "text": "America is pouring concrete for AI. If"}, {"start": "00:03:25", "end": "00:03:28", "text": "you strip data centers out of the"}, {"start": "00:03:26", "end": "00:03:31", "text": "equation and a lot of non-residential"}, {"start": "00:03:28", "end": "00:03:34", "text": "construction is flat to down. Offices,"}, {"start": "00:03:31", "end": "00:03:36", "text": "retail, warehouses, lodging. This is not"}, {"start": "00:03:34", "end": "00:03:38", "text": "a healthy Main Street situation. This is"}, {"start": "00:03:36", "end": "00:03:40", "text": "a K-shaped economy with a server farm"}, {"start": "00:03:38", "end": "00:03:42", "text": "put on top of it to make you look the"}, {"start": "00:03:40", "end": "00:03:44", "text": "other way. Now the housing industry is"}, {"start": "00:03:42", "end": "00:03:46", "text": "another tell. Mortgage rates are now"}, {"start": "00:03:44", "end": "00:03:48", "text": "near 7%. Affordability is worse than"}, {"start": "00:03:46", "end": "00:03:51", "text": "it's ever been. Sellers are flooding"}, {"start": "00:03:48", "end": "00:03:52", "text": "listings while buyers vanish and you can"}, {"start": "00:03:51", "end": "00:03:54", "text": "hear about the GDP going up while you"}, {"start": "00:03:52", "end": "00:03:57", "text": "want and still watch the American"}, {"start": "00:03:54", "end": "00:03:59", "text": "starter home dream go to death. Now,"}, {"start": "00:03:57", "end": "00:04:02", "text": "obviously, I've stayed very bullish on"}, {"start": "00:03:59", "end": "00:04:04", "text": "Bitcoin through my time here in the"}, {"start": "00:04:02", "end": "00:04:06", "text": "crypto markets for a very key reason."}, {"start": "00:04:04", "end": "00:04:08", "text": "Bitcoin was born out of the 2008 housing"}, {"start": "00:04:06", "end": "00:04:11", "text": "collapse, a fixed supplied answer a"}, {"start": "00:04:08", "end": "00:04:13", "text": "system that prints bailouts and erodes"}, {"start": "00:04:11", "end": "00:04:15", "text": "the unit of account, which is the US"}, {"start": "00:04:13", "end": "00:04:17", "text": "dollar. As digital gold, it has largely"}, {"start": "00:04:15", "end": "00:04:20", "text": "missed the first safe haven leg."}, {"start": "00:04:17", "end": "00:04:22", "text": "Physical gold ran, and Bitcoin still"}, {"start": "00:04:20", "end": "00:04:24", "text": "trades like a high beta risk asset when"}, {"start": "00:04:22", "end": "00:04:26", "text": "the yields rip and liquidity tightens,"}, {"start": "00:04:24", "end": "00:04:28", "text": "and this is the honest chart. It's"}, {"start": "00:04:26", "end": "00:04:30", "text": "simply just flowing in ebb and flow with"}, {"start": "00:04:28", "end": "00:04:32", "text": "its basic 4-year cycle right now with a"}, {"start": "00:04:30", "end": "00:04:35", "text": "few nuances of timing of new all-time"}, {"start": "00:04:32", "end": "00:04:38", "text": "highs. Gold has proven to be that place"}, {"start": "00:04:35", "end": "00:04:40", "text": "where the major investors chose to take"}, {"start": "00:04:38", "end": "00:04:43", "text": "their safe haven with all of this data"}, {"start": "00:04:40", "end": "00:04:46", "text": "so far, and as things sit, Bitcoin stays"}, {"start": "00:04:43", "end": "00:04:48", "text": "as a tech trade. If the US economists"}, {"start": "00:04:46", "end": "00:04:50", "text": "lose the inflation and growth fight, oil"}, {"start": "00:04:48", "end": "00:04:53", "text": "being sticky for the remainder of the"}, {"start": "00:04:50", "end": "00:04:54", "text": "year and rates politically contested,"}, {"start": "00:04:53", "end": "00:04:57", "text": "confidence in the fiat currency will"}, {"start": "00:04:54", "end": "00:04:59", "text": "continue to slip just as it did in 1979"}, {"start": "00:04:57", "end": "00:05:00", "text": "and 1980."}, {"start": "00:04:59", "end": "00:05:03", "text": "That's what caused those treasury yields"}, {"start": "00:05:00", "end": "00:05:05", "text": "to skyrocket. Capital starts hunting for"}, {"start": "00:05:03", "end": "00:05:08", "text": "a portable, non-sovereign reserve, and"}, {"start": "00:05:05", "end": "00:05:09", "text": "that is when a digital sovereign wealth"}, {"start": "00:05:08", "end": "00:05:12", "text": "vehicle like Bitcoin can go from a"}, {"start": "00:05:09", "end": "00:05:15", "text": "narrative to a hardcore bid over the"}, {"start": "00:05:12", "end": "00:05:17", "text": "next few years. Not a having tweet or"}, {"start": "00:05:15", "end": "00:05:19", "text": "monetary regime change. This is why"}, {"start": "00:05:17", "end": "00:05:21", "text": "you're on this channel is because I read"}, {"start": "00:05:19", "end": "00:05:23", "text": "through all of the noise, all the mess,"}, {"start": "00:05:21", "end": "00:05:25", "text": "the things that people want to get you"}, {"start": "00:05:23", "end": "00:05:26", "text": "distracted with. We see the canary in"}, {"start": "00:05:25", "end": "00:05:28", "text": "the coal mine, the oil map, the"}, {"start": "00:05:26", "end": "00:05:30", "text": "construction split before it becomes a"}, {"start": "00:05:28", "end": "00:05:32", "text": "tabloid headline to you and everyone"}, {"start": "00:05:30", "end": "00:05:34", "text": "around you. Now, obviously, nothing that"}, {"start": "00:05:32", "end": "00:05:37", "text": "I say is financial advice, but if I'm"}, {"start": "00:05:34", "end": "00:05:39", "text": "acknowledging the scenario that gold is"}, {"start": "00:05:37", "end": "00:05:41", "text": "painting for the world right now,"}, {"start": "00:05:39", "end": "00:05:42", "text": "stagflation is something that will"}, {"start": "00:05:41", "end": "00:05:45", "text": "likely be admitted by the larger"}, {"start": "00:05:42", "end": "00:05:48", "text": "economists closer to 2030. And if we see"}, {"start": "00:05:45", "end": "00:05:49", "text": "nation-states moving towards a digital"}, {"start": "00:05:48", "end": "00:05:52", "text": "version of gold over the next few years,"}, {"start": "00:05:49", "end": "00:05:55", "text": "there is no telling where this is going."}, {"start": "00:05:52", "end": "00:05:58", "text": "This is absolutely uncharted territory"}, {"start": "00:05:55", "end": "00:06:01", "text": "for Bitcoin, but it was developed in the"}, {"start": "00:05:58", "end": "00:06:03", "text": "housing crisis in 2008 as an alternative"}, {"start": "00:06:01", "end": "00:06:06", "text": "to a failing fiat currency system, which"}, {"start": "00:06:03", "end": "00:06:08", "text": "fiat currencies are dying very, very"}, {"start": "00:06:06", "end": "00:06:10", "text": "quickly across the world, and the"}, {"start": "00:06:08", "end": "00:06:12", "text": "economy is moving in a digital fashion"}, {"start": "00:06:10", "end": "00:06:13", "text": "as well. I've positioned myself to catch"}, {"start": "00:06:12", "end": "00:06:16", "text": "some of this bid over the course of the"}, {"start": "00:06:13", "end": "00:06:18", "text": "next few years, and I don't think that"}, {"start": "00:06:16", "end": "00:06:19", "text": "the reality of the situation will be"}, {"start": "00:06:18", "end": "00:06:21", "text": "admitted until it's far too late for the"}, {"start": "00:06:19", "end": "00:06:24", "text": "average person that just can't take the"}, {"start": "00:06:21", "end": "00:06:26", "text": "time to listen. Now, if you sit at home"}, {"start": "00:06:24", "end": "00:06:28", "text": "watching the tabloids and just feel like"}, {"start": "00:06:26", "end": "00:06:30", "text": "there's something wrong, there's a big"}, {"start": "00:06:28", "end": "00:06:31", "text": "change coming, this is why we're here."}, {"start": "00:06:30", "end": "00:06:34", "text": "Learn about what crypto and Bitcoin is"}, {"start": "00:06:31", "end": "00:06:36", "text": "before it's adopted worldwide. We have a"}, {"start": "00:06:34", "end": "00:06:39", "text": "school and a program full of classrooms"}, {"start": "00:06:36", "end": "00:06:41", "text": "to take anyone from zero to hero in the"}, {"start": "00:06:39", "end": "00:06:43", "text": "cryptocurrency realm in our Discover"}, {"start": "00:06:41", "end": "00:06:45", "text": "Crypto School. I highly implore you to"}, {"start": "00:06:43", "end": "00:06:47", "text": "go check it out. It's completely free to"}, {"start": "00:06:45", "end": "00:06:49", "text": "see, and I will see you inside. And I'm"}, {"start": "00:06:47", "end": "00:06:51", "text": "interested in your thoughts on the gold"}, {"start": "00:06:49", "end": "00:06:53", "text": "and Bitcoin chart. Is there a way that"}, {"start": "00:06:51", "end": "00:06:55", "text": "the United States can grow their way out"}, {"start": "00:06:53", "end": "00:06:57", "text": "of this with massive expansion to the"}, {"start": "00:06:55", "end": "00:06:59", "text": "data center industry? This is a variable"}, {"start": "00:06:57", "end": "00:07:02", "text": "that we have not seen come to the"}, {"start": "00:06:59", "end": "00:07:04", "text": "economy before, and all bets are off"}, {"start": "00:07:02", "end": "00:07:06", "text": "when it comes to people using historical"}, {"start": "00:07:04", "end": "00:07:07", "text": "data to try to figure out what AI is"}, {"start": "00:07:06", "end": "00:07:09", "text": "actually going to do to the economy over"}, {"start": "00:07:07", "end": "00:07:11", "text": "the next 10 years. Interested in your"}, {"start": "00:07:09", "end": "00:07:12", "text": "thoughts if it's going to make it better"}, {"start": "00:07:11", "end": "00:07:15", "text": "or worse, and I'll see you on the next"}, {"start": "00:07:12", "end": "00:07:15", "text": "one."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "Price go up now."}, {"start": "00:00:03", "end": "00:00:07", "text": "Get burned."}, {"start": "00:00:09", "end": "00:00:15", "text": "Bitcoin"}, {"start": "00:00:11", "end": "00:00:18", "text": "gets burned."}, {"start": "00:00:15", "end": "00:00:21", "text": ">> Love that intro. Welcome to We're ALL"}, {"start": "00:00:18", "end": "00:00:24", "text": "GOING TO DIE WEDNESDAY is the live FOMC"}, {"start": "00:00:21", "end": "00:00:26", "text": "interest rate decision happening."}, {"start": "00:00:24", "end": "00:00:28", "text": "We're going to see if the interest rate"}, {"start": "00:00:26", "end": "00:00:30", "text": "hike is true. We're seeing some very"}, {"start": "00:00:28", "end": "00:00:33", "text": "interesting developments. A little bit"}, {"start": "00:00:30", "end": "00:00:35", "text": "of changes to the expectation about what"}, {"start": "00:00:33", "end": "00:00:38", "text": "the federal chair Kevin Walsh is about"}, {"start": "00:00:35", "end": "00:00:41", "text": "to do to the markets. And days like"}, {"start": "00:00:38", "end": "00:00:44", "text": "today are when I realize how much I miss"}, {"start": "00:00:41", "end": "00:00:46", "text": "Mr. Jerome Powell. He used to say stuff"}, {"start": "00:00:44", "end": "00:00:49", "text": "that was just really memorable. It would"}, {"start": "00:00:46", "end": "00:00:52", "text": "stick with you. And now I just"}, {"start": "00:00:49", "end": "00:00:54", "text": "Kevin Walsh is uh always looking for"}, {"start": "00:00:52", "end": "00:00:55", "text": "some task force or some more data to"}, {"start": "00:00:54", "end": "00:00:57", "text": "look at things and get a better"}, {"start": "00:00:55", "end": "00:00:59", "text": "perspective. But Iran decided to step"}, {"start": "00:00:57", "end": "00:01:01", "text": "into the mix, throw a little bit of"}, {"start": "00:00:59", "end": "00:01:05", "text": "shade at the United States right before"}, {"start": "00:01:01", "end": "00:01:07", "text": "this meeting. Iran mocked the US by"}, {"start": "00:01:05", "end": "00:01:09", "text": "saying interest rate hikes cannot reopen"}, {"start": "00:01:07", "end": "00:01:10", "text": "the straight of Hormoose. One sentence"}, {"start": "00:01:09", "end": "00:01:12", "text": "explains the Fed's biggest problem right"}, {"start": "00:01:10", "end": "00:01:15", "text": "now. The Federal Reserve expected to"}, {"start": "00:01:12", "end": "00:01:16", "text": "hike those rates by 25 base points today"}, {"start": "00:01:15", "end": "00:01:18", "text": "as it tries to bring in bring inflation"}, {"start": "00:01:16", "end": "00:01:21", "text": "back under control. The markets are"}, {"start": "00:01:18", "end": "00:01:23", "text": "pricing in a 90% chance of a hike. We've"}, {"start": "00:01:21", "end": "00:01:26", "text": "actually seen the chances of a hike pull"}, {"start": "00:01:23", "end": "00:01:28", "text": "back just a touch just a few minutes"}, {"start": "00:01:26", "end": "00:01:30", "text": "ago. They did drop below 90%. So, I want"}, {"start": "00:01:28", "end": "00:01:32", "text": "to take a look at that. Interested in"}, {"start": "00:01:30", "end": "00:01:34", "text": "your thoughts and comments on if the"}, {"start": "00:01:32", "end": "00:01:36", "text": "hike is coming. You know, the most"}, {"start": "00:01:34", "end": "00:01:38", "text": "bullish thing that I could see for"}, {"start": "00:01:36", "end": "00:01:40", "text": "Bitcoin right now is them pausing,"}, {"start": "00:01:38", "end": "00:01:43", "text": "holding interest rates where they're at"}, {"start": "00:01:40", "end": "00:01:45", "text": "for the time being. Now, chaos is coming"}, {"start": "00:01:43", "end": "00:01:48", "text": "to this chart on Bitcoin. Absolutely. Uh"}, {"start": "00:01:45", "end": "00:01:50", "text": "dip down to about $75,300."}, {"start": "00:01:48", "end": "00:01:53", "text": "This is a one minute candle. This is"}, {"start": "00:01:50", "end": "00:01:55", "text": "where the deep alpha lives on FOMC day"}, {"start": "00:01:53", "end": "00:01:57", "text": "is those one minute candles. This"}, {"start": "00:01:55", "end": "00:02:00", "text": "chart's about to get really really"}, {"start": "00:01:57", "end": "00:02:02", "text": "crazy. I highly suggest being careful"}, {"start": "00:02:00", "end": "00:02:04", "text": "out there if you are using leverage"}, {"start": "00:02:02", "end": "00:02:07", "text": "right now. I know it's enticing. I know"}, {"start": "00:02:04", "end": "00:02:11", "text": "the gains and the uh chaos is enticing,"}, {"start": "00:02:07", "end": "00:02:13", "text": "but I will say like uh Scotta says, some"}, {"start": "00:02:11", "end": "00:02:15", "text": "are buying the dip and others are going"}, {"start": "00:02:13", "end": "00:02:17", "text": "to get liquidated in the RIP, right? So"}, {"start": "00:02:15", "end": "00:02:19", "text": "just be careful out there. What's up"}, {"start": "00:02:17", "end": "00:02:21", "text": "Alden? Good to see you. Hello, Crypto"}, {"start": "00:02:19", "end": "00:02:22", "text": "Brothers. Where are you from? Let me"}, {"start": "00:02:21", "end": "00:02:23", "text": "know where you're from. In the chat, let"}, {"start": "00:02:22", "end": "00:02:26", "text": "me know where you're watching this show"}, {"start": "00:02:23", "end": "00:02:28", "text": "from as well. Uh, Bitcoin chart starting"}, {"start": "00:02:26", "end": "00:02:29", "text": "to look a little bit spicy. Hasn't"}, {"start": "00:02:28", "end": "00:02:31", "text": "broken structure yet. And really, the"}, {"start": "00:02:29", "end": "00:02:34", "text": "main thing that I'm kind of vibing with"}, {"start": "00:02:31", "end": "00:02:36", "text": "here, I'm looking for that golden pocket"}, {"start": "00:02:34", "end": "00:02:38", "text": "to be retested potentially today, that"}, {"start": "00:02:36", "end": "00:02:41", "text": "golden pocket level, I believe, is still"}, {"start": "00:02:38", "end": "00:02:43", "text": "marked out here. I might have to redo"}, {"start": "00:02:41", "end": "00:02:46", "text": "the fib. I deleted it. You know what I"}, {"start": "00:02:43", "end": "00:02:49", "text": "just did is I I did some uh deep alpha,"}, {"start": "00:02:46", "end": "00:02:51", "text": "deep long-term alpha on the economy in a"}, {"start": "00:02:49", "end": "00:02:52", "text": "video that's coming out tonight. So,"}, {"start": "00:02:51", "end": "00:02:54", "text": "changed up a little bit of the"}, {"start": "00:02:52", "end": "00:02:56", "text": "parameters of what I'm looking for. Fib"}, {"start": "00:02:54", "end": "00:02:58", "text": "retracement from this recent local high"}, {"start": "00:02:56", "end": "00:03:01", "text": "to the low would bring us to the golden"}, {"start": "00:02:58", "end": "00:03:04", "text": "pocket of around 735, which is where you"}, {"start": "00:03:01", "end": "00:03:06", "text": "can see that little stumble step is. And"}, {"start": "00:03:04", "end": "00:03:11", "text": "Bitcoin's price action before we crater"}, {"start": "00:03:06", "end": "00:03:13", "text": "down to that $57,000 mark. Uh"}, {"start": "00:03:11", "end": "00:03:17", "text": "50 base points. That would be lit. That"}, {"start": "00:03:13", "end": "00:03:20", "text": "would be lit. 50 base points would be"}, {"start": "00:03:17", "end": "00:03:22", "text": "excellent. That would the shock and of"}, {"start": "00:03:20", "end": "00:03:24", "text": "50 base points would be absolutely"}, {"start": "00:03:22", "end": "00:03:26", "text": "incredible."}, {"start": "00:03:24", "end": "00:03:27", "text": "Fargoish."}, {"start": "00:03:26", "end": "00:03:29", "text": "Shout out. I got a lot of family up in"}, {"start": "00:03:27", "end": "00:03:31", "text": "Baneville."}, {"start": "00:03:29", "end": "00:03:34", "text": "Baneville, Montana. Real close to Fargo."}, {"start": "00:03:31", "end": "00:03:36", "text": "Shout out Hershey, Pennsylvania. Uh"}, {"start": "00:03:34", "end": "00:03:39", "text": "Bitcoin to 60K. You know what? I welcome"}, {"start": "00:03:36", "end": "00:03:42", "text": "the fact Bitcoin to 60K. Bring it on. My"}, {"start": "00:03:39", "end": "00:03:44", "text": "body's ready now. Uh 60K kind of a"}, {"start": "00:03:42", "end": "00:03:46", "text": "stretch. I mean, maybe we get there."}, {"start": "00:03:44", "end": "00:03:49", "text": "There's a quite a big volume node and at"}, {"start": "00:03:46", "end": "00:03:51", "text": "least a very vicious bounce point at 67"}, {"start": "00:03:49", "end": "00:03:54", "text": "should we cut right through this golden"}, {"start": "00:03:51", "end": "00:03:57", "text": "pocket at 74. But I do see some bounce"}, {"start": "00:03:54", "end": "00:03:59", "text": "to the ounce at 7374 for Bitcoin should"}, {"start": "00:03:57", "end": "00:04:01", "text": "we fall down to that level. Yesterday"}, {"start": "00:03:59", "end": "00:04:04", "text": "was a total bummer for the markets that"}, {"start": "00:04:01", "end": "00:04:06", "text": "were trying to uh imagine Cryptoclarity"}, {"start": "00:04:04", "end": "00:04:08", "text": "Act was going to move forward. I don't"}, {"start": "00:04:06", "end": "00:04:10", "text": "know where"}, {"start": "00:04:08", "end": "00:04:12", "text": "I don't know where people get the idea"}, {"start": "00:04:10", "end": "00:04:14", "text": "that I was calling for the Clarity Act"}, {"start": "00:04:12", "end": "00:04:16", "text": "to go through. Actually, I was trying to"}, {"start": "00:04:14", "end": "00:04:19", "text": "debate Tim Warren on his show. He didn't"}, {"start": "00:04:16", "end": "00:04:21", "text": "want to do it on his show, but I wanted"}, {"start": "00:04:19", "end": "00:04:22", "text": "to debate. I wanted to debate because a"}, {"start": "00:04:21", "end": "00:04:24", "text": "lot of people were sure of themselves"}, {"start": "00:04:22", "end": "00:04:26", "text": "that this little clarity act was going"}, {"start": "00:04:24", "end": "00:04:29", "text": "to go through. It did not. It did not go"}, {"start": "00:04:26", "end": "00:04:32", "text": "through. And instead, Bitcoin decided to"}, {"start": "00:04:29", "end": "00:04:35", "text": "fall from $80,000 just about down to the"}, {"start": "00:04:32", "end": "00:04:38", "text": "lows overnight at 749. So, we haven't"}, {"start": "00:04:35", "end": "00:04:40", "text": "quite tapped that uh juicy golden"}, {"start": "00:04:38", "end": "00:04:41", "text": "pocket. And as things sit right now, the"}, {"start": "00:04:40", "end": "00:04:43", "text": "liquidation levels are looking a little"}, {"start": "00:04:41", "end": "00:04:47", "text": "bit feisty, not going to lie. 24hour"}, {"start": "00:04:43", "end": "00:04:49", "text": "time frame, there is a $74,600"}, {"start": "00:04:47", "end": "00:04:52", "text": "massive liquidation for longs that would"}, {"start": "00:04:49", "end": "00:04:56", "text": "occur. Let's get some refresh"}, {"start": "00:04:52", "end": "00:04:58", "text": "data. Look at the same $74,600"}, {"start": "00:04:56", "end": "00:05:00", "text": "on that nasty liquidation potential for"}, {"start": "00:04:58", "end": "00:05:03", "text": "the bulls here. Let's go back to Bitcoin"}, {"start": "00:05:00", "end": "00:05:04", "text": "price chart. Still really not much"}, {"start": "00:05:03", "end": "00:05:07", "text": "movement. These are 4-hour candles."}, {"start": "00:05:04", "end": "00:05:11", "text": "Lackluster. The fireworks have not begun"}, {"start": "00:05:07", "end": "00:05:14", "text": "yet. I do not call these candles uh"}, {"start": "00:05:11", "end": "00:05:17", "text": "fireworks. Real curveball warers by half"}, {"start": "00:05:14", "end": "00:05:20", "text": "a percentage. That would be I think that"}, {"start": "00:05:17", "end": "00:05:24", "text": "would actually be worse."}, {"start": "00:05:20", "end": "00:05:28", "text": "That would show just zero responsibility"}, {"start": "00:05:24", "end": "00:05:30", "text": "being shown by the Fed. Um so I actually"}, {"start": "00:05:28", "end": "00:05:32", "text": "I think that that would actually be"}, {"start": "00:05:30", "end": "00:05:34", "text": "pretty bad. Now we're starting to pump."}, {"start": "00:05:32", "end": "00:05:36", "text": "We're starting to pump. This is the fun"}, {"start": "00:05:34", "end": "00:05:38", "text": "part about these shows is we get a lot"}, {"start": "00:05:36", "end": "00:05:39", "text": "of volatility on these one minute"}, {"start": "00:05:38", "end": "00:05:41", "text": "candles. We're starting to really move"}, {"start": "00:05:39", "end": "00:05:43", "text": "here. This one's about a half a percent"}, {"start": "00:05:41", "end": "00:05:44", "text": "in the blink of an eye as I was yapping"}, {"start": "00:05:43", "end": "00:05:47", "text": "there. Now, we're going to be keeping an"}, {"start": "00:05:44", "end": "00:05:51", "text": "eye on the Federal Reserve uh exac"}, {"start": "00:05:47", "end": "00:05:54", "text": "account as well. And I will be watching"}, {"start": "00:05:51", "end": "00:05:56", "text": "this live as Federal Chair D uh God, I"}, {"start": "00:05:54", "end": "00:05:59", "text": "want to say drone pal so bad. Kevin"}, {"start": "00:05:56", "end": "00:06:00", "text": "Walsh is going to be going live at 2:30."}, {"start": "00:05:59", "end": "00:06:04", "text": "And we're going to actually have the"}, {"start": "00:06:00", "end": "00:06:06", "text": "data released at 2 p.m. 2 p.m. So very,"}, {"start": "00:06:04", "end": "00:06:08", "text": "very shortly."}, {"start": "00:06:06", "end": "00:06:11", "text": "A lot of stuff to cover. And you know"}, {"start": "00:06:08", "end": "00:06:12", "text": "what? I don't feel like I work a day in"}, {"start": "00:06:11", "end": "00:06:14", "text": "my life. I don't feel like I work in a"}, {"start": "00:06:12", "end": "00:06:16", "text": "day of my life because I do what I love."}, {"start": "00:06:14", "end": "00:06:20", "text": "But man, it's been a fast fast moving"}, {"start": "00:06:16", "end": "00:06:22", "text": "morning here. So markets as they sit,"}, {"start": "00:06:20", "end": "00:06:24", "text": "I'm not really uh you know, too"}, {"start": "00:06:22", "end": "00:06:27", "text": "concerned about Bitcoin. The uh other"}, {"start": "00:06:24", "end": "00:06:29", "text": "major data point Oh my god, I have a TJ"}, {"start": "00:06:27", "end": "00:06:30", "text": "popping in here. Hold on. Where is he"}, {"start": "00:06:29", "end": "00:06:33", "text": "at? Uh, he's just saying hello. All"}, {"start": "00:06:30", "end": "00:06:36", "text": "right. Uh, Brent Brent crude is still"}, {"start": "00:06:33", "end": "00:06:40", "text": "above $100. So, it's not looking good."}, {"start": "00:06:36", "end": "00:06:42", "text": "$106 a barrel on Brent crude oil. We're"}, {"start": "00:06:40", "end": "00:06:44", "text": "going to hold. Man, there's a lot of"}, {"start": "00:06:42", "end": "00:06:46", "text": "hoping. Let's go check out the Fed CME"}, {"start": "00:06:44", "end": "00:06:49", "text": "tool. Let's go check out the Fed CME"}, {"start": "00:06:46", "end": "00:06:51", "text": "tool because I'm wondering"}, {"start": "00:06:49", "end": "00:06:54", "text": "what a fake out that would be. They come"}, {"start": "00:06:51", "end": "00:06:56", "text": "out here and hold the rates. Come on,"}, {"start": "00:06:54", "end": "00:06:58", "text": "man. I mean, it'd be bullish for our"}, {"start": "00:06:56", "end": "00:07:01", "text": "bags or whatnot, but I like a little bit"}, {"start": "00:06:58", "end": "00:07:04", "text": "of chaos as well. Let's see what the Fed"}, {"start": "00:07:01", "end": "00:07:07", "text": "CME tool has to say. I'll also pull up"}, {"start": "00:07:04", "end": "00:07:07", "text": "Poly Market here."}, {"start": "00:07:08", "end": "00:07:14", "text": "Uh, let's see here. So, Poly Market. I'm"}, {"start": "00:07:11", "end": "00:07:17", "text": "just a you viewer, just viewing pleasure"}, {"start": "00:07:14", "end": "00:07:20", "text": "only. I'm in the US. Yeah. Yeah. Yeah."}, {"start": "00:07:17", "end": "00:07:23", "text": "All right. Fed decision September. Let's"}, {"start": "00:07:20", "end": "00:07:28", "text": "pull this up. Let's pull this up."}, {"start": "00:07:23", "end": "00:07:30", "text": "Uh let's see here. All right. So, wow."}, {"start": "00:07:28", "end": "00:07:33", "text": "Okay. All right. So, we're at 87%"}, {"start": "00:07:30", "end": "00:07:35", "text": "likelihood of that raise 14%. So, this"}, {"start": "00:07:33", "end": "00:07:37", "text": "is slightly ticking to the upside. Why"}, {"start": "00:07:35", "end": "00:07:40", "text": "this isn't working here. I got to"}, {"start": "00:07:37", "end": "00:07:42", "text": "refresh this one. See if I can get the"}, {"start": "00:07:40", "end": "00:07:44", "text": "Fed CME tool to work for me. It's not"}, {"start": "00:07:42", "end": "00:07:45", "text": "pulling up. I get the spinning wheel of"}, {"start": "00:07:44", "end": "00:07:47", "text": "death on that website right now. You"}, {"start": "00:07:45", "end": "00:07:50", "text": "know what? It's probably a lot of people"}, {"start": "00:07:47", "end": "00:07:52", "text": "using this ch this uh website right now."}, {"start": "00:07:50", "end": "00:07:55", "text": "Let's go back to Bitcoin's chart."}, {"start": "00:07:52", "end": "00:07:58", "text": "Oh god. This is why you leave leverage"}, {"start": "00:07:55", "end": "00:08:00", "text": "alone. Yeah. And this isn't even This is"}, {"start": "00:07:58", "end": "00:08:02", "text": "nothing yet. These are half a percent"}, {"start": "00:08:00", "end": "00:08:05", "text": "one minute candles. Nice Darth Maul kill"}, {"start": "00:08:02", "end": "00:08:08", "text": "them all candle there. Woo boy. This is"}, {"start": "00:08:05", "end": "00:08:10", "text": "going to be I'm sweating. I'm sweating"}, {"start": "00:08:08", "end": "00:08:14", "text": "right now. This is uh Let's go check out"}, {"start": "00:08:10", "end": "00:08:15", "text": "the altcoin sector just for hoots. Let's"}, {"start": "00:08:14", "end": "00:08:19", "text": "go check out the altcoin sector and see"}, {"start": "00:08:15", "end": "00:08:21", "text": "where the blood and the love is. We got"}, {"start": "00:08:19", "end": "00:08:23", "text": "Zcash still up. People loving their"}, {"start": "00:08:21", "end": "00:08:26", "text": "privacy play. Radium slightly up. Pawns"}, {"start": "00:08:23", "end": "00:08:28", "text": "big down. Pawn's giving up some action"}, {"start": "00:08:26", "end": "00:08:31", "text": "here. We're at 50 cents. I know that it"}, {"start": "00:08:28", "end": "00:08:33", "text": "ran into a dollar. 50 cents is uh it's"}, {"start": "00:08:31", "end": "00:08:36", "text": "so far bounce point. We'll see if it can"}, {"start": "00:08:33", "end": "00:08:39", "text": "hold that level. Pi total scam. Don't"}, {"start": "00:08:36", "end": "00:08:43", "text": "touch it. I have this thing. Hate it. Um"}, {"start": "00:08:39", "end": "00:08:45", "text": "curved out token 30 cents down 10%."}, {"start": "00:08:43", "end": "00:08:47", "text": "Nothing too crazy on the altcoin sector."}, {"start": "00:08:45", "end": "00:08:50", "text": "XRP still hanging out at about a buck"}, {"start": "00:08:47", "end": "00:08:52", "text": "255. There's no major fireworks yet. I"}, {"start": "00:08:50", "end": "00:08:54", "text": "think we're going to be seeing some"}, {"start": "00:08:52", "end": "00:08:57", "text": "chaos though. Ethereum breaking below"}, {"start": "00:08:54", "end": "00:09:00", "text": "that $2,400 mark."}, {"start": "00:08:57", "end": "00:09:05", "text": "Let's see here. I want to make sure I"}, {"start": "00:09:00", "end": "00:09:07", "text": "wonder I wonder I wonder I wonder if I"}, {"start": "00:09:05", "end": "00:09:10", "text": "can find the actual I want to see if"}, {"start": "00:09:07", "end": "00:09:11", "text": "they because I know they post their rate"}, {"start": "00:09:10", "end": "00:09:15", "text": "increase or hold decision straight on"}, {"start": "00:09:11", "end": "00:09:17", "text": "their Twitter account as well."}, {"start": "00:09:15", "end": "00:09:21", "text": "Let's give this a quick refresh. Little"}, {"start": "00:09:17", "end": "00:09:23", "text": "refresh. Who needs a fireworks when you"}, {"start": "00:09:21", "end": "00:09:26", "text": "have a one minute chart during an FOMC"}, {"start": "00:09:23", "end": "00:09:28", "text": "meeting? Absolutely. I mean, that's this"}, {"start": "00:09:26", "end": "00:09:30", "text": "is the kind of dopamine that just hits,"}, {"start": "00:09:28", "end": "00:09:32", "text": "right? Be careful with this stuff,"}, {"start": "00:09:30", "end": "00:09:35", "text": "though. I mean, these are going very"}, {"start": "00:09:32", "end": "00:09:38", "text": "very ballistic. Miss the days Bitcoin"}, {"start": "00:09:35", "end": "00:09:40", "text": "was not mainstream and over manipulated"}, {"start": "00:09:38", "end": "00:09:43", "text": "like this. Yeah. The video that I have"}, {"start": "00:09:40", "end": "00:09:44", "text": "coming out tonight, it is kind of an"}, {"start": "00:09:43", "end": "00:09:47", "text": "interesting position that Bitcoin is in"}, {"start": "00:09:44", "end": "00:09:49", "text": "right now. And the video coming out is a"}, {"start": "00:09:47", "end": "00:09:51", "text": "lot of macro data consolidated down."}, {"start": "00:09:49", "end": "00:09:52", "text": "It's probably news headlines you'll hear"}, {"start": "00:09:51", "end": "00:09:56", "text": "a couple years from now after it"}, {"start": "00:09:52", "end": "00:09:58", "text": "happens. Wow, look at this though. Whoa."}, {"start": "00:09:56", "end": "00:10:00", "text": "We are trying to pump back up. Trying to"}, {"start": "00:09:58", "end": "00:10:02", "text": "pump back up viciously. The committee"}, {"start": "00:10:00", "end": "00:10:04", "text": "decided to raise the target range of the"}, {"start": "00:10:02", "end": "00:10:06", "text": "federal funds rate by a quarter of a"}, {"start": "00:10:04", "end": "00:10:10", "text": "percentage point to three to three and a"}, {"start": "00:10:06", "end": "00:10:12", "text": "quarter to 4% in support of the dual"}, {"start": "00:10:10", "end": "00:10:13", "text": "mandate. Looks like they might have All"}, {"start": "00:10:12", "end": "00:10:14", "text": "right. Did we get the raise? Did we get"}, {"start": "00:10:13", "end": "00:10:16", "text": "the"}, {"start": "00:10:14", "end": "00:10:19", "text": ">> We did. It looks like I'm looking at it"}, {"start": "00:10:16", "end": "00:10:21", "text": "here from Kobe. It looks like the raise"}, {"start": "00:10:19", "end": "00:10:22", "text": "is in."}, {"start": "00:10:21", "end": "00:10:23", "text": ">> Okay."}, {"start": "00:10:22", "end": "00:10:25", "text": ">> Here we go."}, {"start": "00:10:23", "end": "00:10:26", "text": ">> Um,"}, {"start": "00:10:25", "end": "00:10:27", "text": ">> you were making me feel a little unsure"}, {"start": "00:10:26", "end": "00:10:29", "text": "of myself this morning. You know what I"}, {"start": "00:10:27", "end": "00:10:30", "text": "mean? I was like, I don't know. Oh, I I"}, {"start": "00:10:29", "end": "00:10:32", "text": "had to stick with it though. I mean, so"}, {"start": "00:10:30", "end": "00:10:34", "text": ">> no, I mean it makes like we said on the"}, {"start": "00:10:32", "end": "00:10:36", "text": "show like it's odds were very very"}, {"start": "00:10:34", "end": "00:10:38", "text": "strong. I wouldn't have bet against it."}, {"start": "00:10:36", "end": "00:10:40", "text": "I'm just sharing my own thoughts on the"}, {"start": "00:10:38", "end": "00:10:42", "text": "logic. Like logically to me the thing"}, {"start": "00:10:40", "end": "00:10:45", "text": "that made the most sense was to hold. Um"}, {"start": "00:10:42", "end": "00:10:47", "text": "but you know there's a lot of"}, {"start": "00:10:45", "end": "00:10:50", "text": "gamesmanship going on here"}, {"start": "00:10:47", "end": "00:10:53", "text": ">> um between polit politicians, the"}, {"start": "00:10:50", "end": "00:10:54", "text": "president, the treasury secretary, the"}, {"start": "00:10:53", "end": "00:10:56", "text": "bond market, all that sort of stuff. So,"}, {"start": "00:10:54", "end": "00:10:58", "text": "I'd be interested to see what how the"}, {"start": "00:10:56", "end": "00:11:00", "text": "bond market reacts to this over the next"}, {"start": "00:10:58", "end": "00:11:02", "text": "day or so. But, uh, yeah, Federal"}, {"start": "00:11:00", "end": "00:11:04", "text": "Reserve officially hikes interest rates"}, {"start": "00:11:02", "end": "00:11:07", "text": "by 25 basis points, marking its first"}, {"start": "00:11:04", "end": "00:11:09", "text": "rate hike since July 2023."}, {"start": "00:11:07", "end": "00:11:12", "text": "This ends the longest Fed interest rate"}, {"start": "00:11:09", "end": "00:11:14", "text": "pause since 2008."}, {"start": "00:11:12", "end": "00:11:15", "text": ">> Is that right?"}, {"start": "00:11:14", "end": "00:11:17", "text": ">> Well, because it was paused, you know,"}, {"start": "00:11:15", "end": "00:11:18", "text": "like we were going up, then we were"}, {"start": "00:11:17", "end": "00:11:20", "text": "going down. You know, we've been doing a"}, {"start": "00:11:18", "end": "00:11:22", "text": "lot of moving it around. uh which"}, {"start": "00:11:20", "end": "00:11:24", "text": "ironically"}, {"start": "00:11:22", "end": "00:11:27", "text": ">> is not necessarily"}, {"start": "00:11:24", "end": "00:11:28", "text": "having the impact uh that they would"}, {"start": "00:11:27", "end": "00:11:31", "text": "hope. I mean this is one of the levers"}, {"start": "00:11:28", "end": "00:11:33", "text": "they use to influence monetary policy"}, {"start": "00:11:31", "end": "00:11:35", "text": "and uh at the end of the day they're"}, {"start": "00:11:33", "end": "00:11:38", "text": "still expanding the money supply and"}, {"start": "00:11:35", "end": "00:11:40", "text": "markets are reacting. So this I think"}, {"start": "00:11:38", "end": "00:11:41", "text": "like it'll be interested to see how"}, {"start": "00:11:40", "end": "00:11:44", "text": "quickly the bond markets react. It'll be"}, {"start": "00:11:41", "end": "00:11:46", "text": "very interesting to hear Walsh. Uh I"}, {"start": "00:11:44", "end": "00:11:47", "text": "think his comments will probably I don't"}, {"start": "00:11:46", "end": "00:11:50", "text": "know you have the price up there. Is the"}, {"start": "00:11:47", "end": "00:11:52", "text": "price doing anything? Probably not. But"}, {"start": "00:11:50", "end": "00:11:54", "text": ">> uh well, let's see. Bitcoin is I mean"}, {"start": "00:11:52", "end": "00:11:56", "text": "it's not breaking down. I think it'll"}, {"start": "00:11:54", "end": "00:11:58", "text": "get more volatile as he starts to speak,"}, {"start": "00:11:56", "end": "00:12:01", "text": "but it's just basically jacknifing by a"}, {"start": "00:11:58", "end": "00:12:02", "text": "percent each minute right now. Lots of"}, {"start": "00:12:01", "end": "00:12:05", "text": "volatility. Everybody died that enter"}, {"start": "00:12:02", "end": "00:12:06", "text": "trades here without stop losses. And now"}, {"start": "00:12:05", "end": "00:12:09", "text": "we're starting to move. Now we're"}, {"start": "00:12:06", "end": "00:12:11", "text": "starting to get some movement. 76K"}, {"start": "00:12:09", "end": "00:12:13", "text": "just hit. All right, we're getting a"}, {"start": "00:12:11", "end": "00:12:16", "text": "little bit of a move. This is happening."}, {"start": "00:12:13", "end": "00:12:18", "text": "This is happening now. God. Okay, as I'm"}, {"start": "00:12:16", "end": "00:12:21", "text": "hosting this, I'm going to try to keep"}, {"start": "00:12:18", "end": "00:12:24", "text": "my fingers off of that freaking long and"}, {"start": "00:12:21", "end": "00:12:26", "text": "short button on two bit because it is so"}, {"start": "00:12:24", "end": "00:12:28", "text": "enticing. But this thing is moving with"}, {"start": "00:12:26", "end": "00:12:29", "text": "a with a vicious velocity. I want to"}, {"start": "00:12:28", "end": "00:12:30", "text": "look at the 10-year yield."}, {"start": "00:12:29", "end": "00:12:32", "text": ">> Yeah, everything's pumping really."}, {"start": "00:12:30", "end": "00:12:35", "text": "Everything's going up."}, {"start": "00:12:32", "end": "00:12:36", "text": ">> Check out Ethereum, too. Let's go check"}, {"start": "00:12:35", "end": "00:12:40", "text": "out ETH and see how ETH is doing because"}, {"start": "00:12:36", "end": "00:12:42", "text": "I know if we can hold around the 24 25"}, {"start": "00:12:40", "end": "00:12:46", "text": "mark on ETH, we're setting up something"}, {"start": "00:12:42", "end": "00:12:48", "text": "really, really good. Still around 2400."}, {"start": "00:12:46", "end": "00:12:51", "text": "Not bad. You know, a little bit of a bid"}, {"start": "00:12:48", "end": "00:12:52", "text": "out of that. Oh, okay. Okay. And you"}, {"start": "00:12:51", "end": "00:12:55", "text": "know, me and Brian were talking before"}, {"start": "00:12:52", "end": "00:12:58", "text": "we went live. Usually it does this like"}, {"start": "00:12:55", "end": "00:13:00", "text": "big rip up to kill the shorts and then"}, {"start": "00:12:58", "end": "00:13:02", "text": "go down. If it's move is going to go"}, {"start": "00:13:00", "end": "00:13:04", "text": "short and then if it's vice versa where"}, {"start": "00:13:02", "end": "00:13:07", "text": "it's going to long, you know, play out"}, {"start": "00:13:04", "end": "00:13:09", "text": "to the upside, then it'll kill off"}, {"start": "00:13:07", "end": "00:13:11", "text": "everything to the downside first. But we"}, {"start": "00:13:09", "end": "00:13:14", "text": "are actually cooking right now. We are"}, {"start": "00:13:11", "end": "00:13:15", "text": "cooking. ETH is trying to go back to"}, {"start": "00:13:14", "end": "00:13:16", "text": "2500."}, {"start": "00:13:15", "end": "00:13:18", "text": ">> Let's go."}, {"start": "00:13:16", "end": "00:13:20", "text": ">> Let's go, Eth."}, {"start": "00:13:18", "end": "00:13:22", "text": ">> Oh my gosh."}, {"start": "00:13:20", "end": "00:13:26", "text": ">> Yeah. Here's uh Oh, I don't have my"}, {"start": "00:13:22", "end": "00:13:28", "text": "screen in here. Let me share screen."}, {"start": "00:13:26", "end": "00:13:32", "text": ">> Let's see what we got."}, {"start": "00:13:28", "end": "00:13:33", "text": ">> And uh yeah, DeFi again. I'm looking at"}, {"start": "00:13:32", "end": "00:13:35", "text": "who's moving the most in the hour."}, {"start": "00:13:33", "end": "00:13:37", "text": "Lighter, Athena. A lot of these were on"}, {"start": "00:13:35", "end": "00:13:40", "text": "pullbacks obviously. Arbitum, Radium,"}, {"start": "00:13:37", "end": "00:13:43", "text": "Venice, BBV, man pump, Pendle. But yeah,"}, {"start": "00:13:40", "end": "00:13:45", "text": "looking at the majors in the last hour."}, {"start": "00:13:43", "end": "00:13:48", "text": "Yeah, Ethereum moving more than Bitcoin."}, {"start": "00:13:45", "end": "00:13:51", "text": "I like to see that. XRP showing some"}, {"start": "00:13:48", "end": "00:13:53", "text": "signs of life. Uh Cardano shot signs of"}, {"start": "00:13:51", "end": "00:13:56", "text": "life. Stellar, this one I feel like gets"}, {"start": "00:13:53", "end": "00:13:57", "text": "slept on a lot. Uh XLM, I know DCA loves"}, {"start": "00:13:56", "end": "00:13:59", "text": "it, but other than"}, {"start": "00:13:57", "end": "00:14:02", "text": ">> I don't mind it. I don't mind Stellar. I"}, {"start": "00:13:59", "end": "00:14:04", "text": "prefer Stellar over XRP because it's got"}, {"start": "00:14:02", "end": "00:14:06", "text": "more velocity when it starts pumping."}, {"start": "00:14:04", "end": "00:14:07", "text": "You know,"}, {"start": "00:14:06", "end": "00:14:10", "text": ">> that's what I like about Stellar for"}, {"start": "00:14:07", "end": "00:14:13", "text": "sure. near telling you near is going to"}, {"start": "00:14:10", "end": "00:14:13", "text": "pay off for me. Good. I'm I'm here for"}, {"start": "00:14:13", "end": "00:14:14", "text": "it. So,"}, {"start": "00:14:13", "end": "00:14:18", "text": ">> yeah, it's like the seventh biggest"}, {"start": "00:14:14", "end": "00:14:19", "text": "gainer right now. Um lighter going about"}, {"start": "00:14:18", "end": "00:14:20", "text": "446."}, {"start": "00:14:19", "end": "00:14:21", "text": ">> Sorry."}, {"start": "00:14:20", "end": "00:14:22", "text": ">> No, you're fine."}, {"start": "00:14:21", "end": "00:14:24", "text": ">> Yeah,"}, {"start": "00:14:22", "end": "00:14:25", "text": ">> looking at all these. There's movement."}, {"start": "00:14:24", "end": "00:14:28", "text": "There's definitely movement. I'm kind of"}, {"start": "00:14:25", "end": "00:14:33", "text": "surprised that we uh"}, {"start": "00:14:28", "end": "00:14:35", "text": "put so much emphasis on these hikes"}, {"start": "00:14:33", "end": "00:14:38", "text": "causing death and dismay for the markets"}, {"start": "00:14:35", "end": "00:14:39", "text": "at large. I am a little bit shocked"}, {"start": "00:14:38", "end": "00:14:42", "text": "because we did raise interest rates in"}, {"start": "00:14:39", "end": "00:14:43", "text": "the last bare market or and didn't do"}, {"start": "00:14:42", "end": "00:14:46", "text": "much"}, {"start": "00:14:43", "end": "00:14:49", "text": ">> interest rates again it's they matter"}, {"start": "00:14:46", "end": "00:14:52", "text": "sure uh large again obviously priced in"}, {"start": "00:14:49", "end": "00:14:53", "text": "you know the market was pricing in this"}, {"start": "00:14:52", "end": "00:14:57", "text": "move and now it's done and now it's"}, {"start": "00:14:53", "end": "00:14:58", "text": "over. So uh it it just cracks me up to"}, {"start": "00:14:57", "end": "00:15:01", "text": "be honest like we're going to see the"}, {"start": "00:14:58", "end": "00:15:03", "text": "bond the bond hopefully the bond yields"}, {"start": "00:15:01", "end": "00:15:04", "text": "cool off a little bit. I I would be"}, {"start": "00:15:03", "end": "00:15:08", "text": "shocked if it has a huge impact. they'll"}, {"start": "00:15:04", "end": "00:15:10", "text": "probably cool some. Um, but I'm really"}, {"start": "00:15:08", "end": "00:15:12", "text": "I'm really interested to see how he"}, {"start": "00:15:10", "end": "00:15:14", "text": "justifies this. And again, he's been"}, {"start": "00:15:12", "end": "00:15:16", "text": "very notorious for not giving any"}, {"start": "00:15:14", "end": "00:15:18", "text": "forward guidance and saying he doesn't"}, {"start": "00:15:16", "end": "00:15:21", "text": "think the Fed should provide any forward"}, {"start": "00:15:18", "end": "00:15:24", "text": "guidance, but would not surprise me to"}, {"start": "00:15:21", "end": "00:15:25", "text": "see them cutting again within the next"}, {"start": "00:15:24", "end": "00:15:27", "text": "year. You know, within the next 12"}, {"start": "00:15:25", "end": "00:15:28", "text": "months, they'll be cut. I I think"}, {"start": "00:15:27", "end": "00:15:31", "text": "they'll be cutting at some point next"}, {"start": "00:15:28", "end": "00:15:34", "text": "year. Some people are already um"}, {"start": "00:15:31", "end": "00:15:36", "text": "predicting more raises into the future."}, {"start": "00:15:34", "end": "00:15:41", "text": "I think this is just one for posterity"}, {"start": "00:15:36", "end": "00:15:43", "text": "to say, \"Hey, we we we we stand we do"}, {"start": "00:15:41", "end": "00:15:45", "text": "something, you know, we we matter, you"}, {"start": "00:15:43", "end": "00:15:47", "text": "know, we're not just a puppet here.\" And"}, {"start": "00:15:45", "end": "00:15:48", "text": "uh even though I do think it's all part"}, {"start": "00:15:47", "end": "00:15:50", "text": "of the act. So,"}, {"start": "00:15:48", "end": "00:15:52", "text": ">> it's kind of like that British police."}, {"start": "00:15:50", "end": "00:15:53", "text": "Um all right, let's see here. The US"}, {"start": "00:15:52", "end": "00:15:57", "text": ">> kind of"}, {"start": "00:15:53", "end": "00:15:59", "text": ">> I can't get over those British police uh"}, {"start": "00:15:57", "end": "00:16:01", "text": "videos. They're so ridiculous. I'd fire"}, {"start": "00:15:59", "end": "00:16:03", "text": "everybody in that country and just"}, {"start": "00:16:01", "end": "00:16:04", "text": "restart. Let's go check out the 10-year"}, {"start": "00:16:03", "end": "00:16:07", "text": "yield"}, {"start": "00:16:04", "end": "00:16:09", "text": ">> real quick. Oh god. Oh,"}, {"start": "00:16:07", "end": "00:16:10", "text": "I forgot I had"}, {"start": "00:16:09", "end": "00:16:12", "text": ">> Did you draw that?"}, {"start": "00:16:10", "end": "00:16:14", "text": ">> I did."}, {"start": "00:16:12", "end": "00:16:16", "text": ">> You trying to kill us all here?"}, {"start": "00:16:14", "end": "00:16:17", "text": ">> Oh god. You know what this is?"}, {"start": "00:16:16", "end": "00:16:20", "text": ">> No."}, {"start": "00:16:17", "end": "00:16:22", "text": ">> This is that old and I didn't even"}, {"start": "00:16:20", "end": "00:16:24", "text": "include this in the video. This is this"}, {"start": "00:16:22", "end": "00:16:27", "text": "chart expectations. Remember this one?"}, {"start": "00:16:24", "end": "00:16:31", "text": "This is the 7980 expansion where"}, {"start": "00:16:27", "end": "00:16:32", "text": "inflation came back and"}, {"start": "00:16:31", "end": "00:16:34", "text": "this is"}, {"start": "00:16:32", "end": "00:16:38", "text": ">> that's what bond yields did. Wow."}, {"start": "00:16:34", "end": "00:16:39", "text": ">> Yeah. So the CPI this is CPI and then it"}, {"start": "00:16:38", "end": "00:16:41", "text": "played into the bond yields like I"}, {"start": "00:16:39", "end": "00:16:44", "text": "mapped out what the bond yields did in"}, {"start": "00:16:41", "end": "00:16:46", "text": "tandem and just kind of did a a bars"}, {"start": "00:16:44", "end": "00:16:48", "text": "pattern type move of what that would end"}, {"start": "00:16:46", "end": "00:16:50", "text": "up looking like. That's not great."}, {"start": "00:16:48", "end": "00:16:52", "text": "Hopefully we don't see something like"}, {"start": "00:16:50", "end": "00:16:53", "text": "that. That's kind of I'm terrifying"}, {"start": "00:16:52", "end": "00:16:56", "text": "myself looking at this uh because you"}, {"start": "00:16:53", "end": "00:16:59", "text": "can see what the yield did in that this"}, {"start": "00:16:56", "end": "00:17:01", "text": "this zone right here uh back in that"}, {"start": "00:16:59", "end": "00:17:03", "text": "last Iranian oil crisis."}, {"start": "00:17:01", "end": "00:17:05", "text": ">> That's when you're talking about double"}, {"start": "00:17:03", "end": "00:17:08", "text": "digit in mortgage rates and"}, {"start": "00:17:05", "end": "00:17:10", "text": ">> you know 15% mortgage rates and all that"}, {"start": "00:17:08", "end": "00:17:12", "text": "sort of stuff. So you think mortgage"}, {"start": "00:17:10", "end": "00:17:14", "text": "rates are bad now just you wait. If you"}, {"start": "00:17:12", "end": "00:17:16", "text": "see anything like that play out it's"}, {"start": "00:17:14", "end": "00:17:19", "text": "going to get real ugly."}, {"start": "00:17:16", "end": "00:17:22", "text": ">> Hopefully this doesn't come true. Uh"}, {"start": "00:17:19", "end": "00:17:24", "text": "that's very very bad. Yeah. You know,"}, {"start": "00:17:22", "end": "00:17:25", "text": "hopefully this is wrong. I would say"}, {"start": "00:17:24", "end": "00:17:27", "text": "that it's got a potential to play out to"}, {"start": "00:17:25", "end": "00:17:31", "text": "a degree. You know, we could I maybe we"}, {"start": "00:17:27", "end": "00:17:32", "text": "go to 7%. God, terrifying though. I"}, {"start": "00:17:31", "end": "00:17:34", "text": "think I need to revisit this chart"}, {"start": "00:17:32", "end": "00:17:36", "text": "because I haven't looked at it in a very"}, {"start": "00:17:34", "end": "00:17:38", "text": "long time. Kind of surprised myself by"}, {"start": "00:17:36", "end": "00:17:39", "text": "bringing it up. Let's see. We got 211."}, {"start": "00:17:38", "end": "00:17:42", "text": "All right. And then people are asking me"}, {"start": "00:17:39", "end": "00:17:44", "text": "about Stellar. Stellar is one of the few"}, {"start": "00:17:42", "end": "00:17:47", "text": "that's actually going to be, you know,"}, {"start": "00:17:44", "end": "00:17:50", "text": "having a chance in a test pilot type"}, {"start": "00:17:47", "end": "00:17:54", "text": "situation with Swift and I believe that"}, {"start": "00:17:50", "end": "00:17:56", "text": "happens next year. So, we have I think"}, {"start": "00:17:54", "end": "00:18:00", "text": "Canton goes first. Obviously, Chain Link"}, {"start": "00:17:56", "end": "00:18:02", "text": "begins and then Canton and then Stellar."}, {"start": "00:18:00", "end": "00:18:05", "text": "I believe the last time I looked at this"}, {"start": "00:18:02", "end": "00:18:08", "text": "information it was right around the uh"}, {"start": "00:18:05", "end": "00:18:11", "text": "you know early mid 2027 when the Swift"}, {"start": "00:18:08", "end": "00:18:13", "text": "move with Stellar happened. So seller"}, {"start": "00:18:11", "end": "00:18:14", "text": "does interest me as a as a crypto"}, {"start": "00:18:13", "end": "00:18:16", "text": "product. Gosh, that's a lot of polka"}, {"start": "00:18:14", "end": "00:18:18", "text": "dot. Buy polka dot. Buy polka dot. Buy"}, {"start": "00:18:16", "end": "00:18:20", "text": "polka dot. I got on TikTok and saw polka"}, {"start": "00:18:18", "end": "00:18:21", "text": "dot for the first time in a long time."}, {"start": "00:18:20", "end": "00:18:23", "text": "Uh"}, {"start": "00:18:21", "end": "00:18:25", "text": ">> don't would not suggest buying polka"}, {"start": "00:18:23", "end": "00:18:27", "text": "dot. You know, personal opinion here,"}, {"start": "00:18:25", "end": "00:18:29", "text": "but"}, {"start": "00:18:27", "end": "00:18:32", "text": "layer ones that haven't gotten much"}, {"start": "00:18:29", "end": "00:18:34", "text": "network effect yet, I do not see"}, {"start": "00:18:32", "end": "00:18:36", "text": "achieving that in the next couple years."}, {"start": "00:18:34", "end": "00:18:39", "text": "Uh is ADA dead? It's not dead, but it's"}, {"start": "00:18:36", "end": "00:18:40", "text": "not growing. Um, and there is a there is"}, {"start": "00:18:39", "end": "00:18:42", "text": "a phrase out there that says if you're"}, {"start": "00:18:40", "end": "00:18:44", "text": "not growing, you're dying. But that that"}, {"start": "00:18:42", "end": "00:18:45", "text": "it goes for again a lot of those layer"}, {"start": "00:18:44", "end": "00:18:47", "text": "ones. If you're not growing right now,"}, {"start": "00:18:45", "end": "00:18:50", "text": "if you're not seeing growth in the"}, {"start": "00:18:47", "end": "00:18:54", "text": "network, growth in again stable coins,"}, {"start": "00:18:50", "end": "00:18:57", "text": "DeFi, TVL happening on there, uh, you"}, {"start": "00:18:54", "end": "00:18:59", "text": "know, it's probably just going to be a a"}, {"start": "00:18:57", "end": "00:19:01", "text": "whole lot more of the same, I guess, is"}, {"start": "00:18:59", "end": "00:19:04", "text": "what you could say. So, is Cardano dead?"}, {"start": "00:19:01", "end": "00:19:06", "text": "No. Is Polka Dot dead? No. But are they"}, {"start": "00:19:04", "end": "00:19:10", "text": "growing? Absolutely not. Are they making"}, {"start": "00:19:06", "end": "00:19:12", "text": "high lower highs? Yes. Uh things like"}, {"start": "00:19:10", "end": "00:19:15", "text": "ARC, things like Robin Hood chain, I"}, {"start": "00:19:12", "end": "00:19:16", "text": "just don't see uh these other layer ones"}, {"start": "00:19:15", "end": "00:19:18", "text": "outside of again Ethereum and Salana."}, {"start": "00:19:16", "end": "00:19:19", "text": "And now even watching ARC, I'm going to"}, {"start": "00:19:18", "end": "00:19:23", "text": "do some more digging on ARC, but that"}, {"start": "00:19:19", "end": "00:19:27", "text": "makes me even really question some of"}, {"start": "00:19:23", "end": "00:19:30", "text": "the long-term thesis on even Ethereum"}, {"start": "00:19:27", "end": "00:19:31", "text": "and Salana. as dominant as they are, if"}, {"start": "00:19:30", "end": "00:19:33", "text": "you see major financial institutions"}, {"start": "00:19:31", "end": "00:19:36", "text": "that are ingrained with the old world"}, {"start": "00:19:33", "end": "00:19:39", "text": "system launching their own layer ones,"}, {"start": "00:19:36", "end": "00:19:41", "text": ">> that should get your attention. Um, and"}, {"start": "00:19:39", "end": "00:19:43", "text": "yeah, this is I'm kind of with you here"}, {"start": "00:19:41", "end": "00:19:44", "text": "as a long-term Cardono investor. I'm so"}, {"start": "00:19:43", "end": "00:19:46", "text": "bearish on it. You know, like yeah, not"}, {"start": "00:19:44", "end": "00:19:47", "text": "getting chain leak that was that was"}, {"start": "00:19:46", "end": "00:19:50", "text": "bad. You know, it took him way too long"}, {"start": "00:19:47", "end": "00:19:51", "text": "to get a stable coin. There's a lot"}, {"start": "00:19:50", "end": "00:19:54", "text": "again philosophically a lot of things I"}, {"start": "00:19:51", "end": "00:19:56", "text": "like about it, but you know there's also"}, {"start": "00:19:54", "end": "00:19:58", "text": "a lot of you know decentralization can"}, {"start": "00:19:56", "end": "00:20:01", "text": "be challenging and running a competitive"}, {"start": "00:19:58", "end": "00:20:03", "text": "technical network in a decentralized way"}, {"start": "00:20:01", "end": "00:20:06", "text": "is hard. It works if you're keeping"}, {"start": "00:20:03", "end": "00:20:07", "text": "things very simple but uh it's it's not"}, {"start": "00:20:06", "end": "00:20:08", "text": "easy."}, {"start": "00:20:07", "end": "00:20:10", "text": ">> Um"}, {"start": "00:20:08", "end": "00:20:11", "text": ">> so there you go. That's my thoughts on"}, {"start": "00:20:10", "end": "00:20:13", "text": "those two things."}, {"start": "00:20:11", "end": "00:20:16", "text": ">> ADA is really giving up a lot of that"}, {"start": "00:20:13", "end": "00:20:20", "text": "pump. I mean oh god this is bad."}, {"start": "00:20:16", "end": "00:20:22", "text": "Ah crap. We're losing the trend line. We"}, {"start": "00:20:20", "end": "00:20:24", "text": "just lost it over the last few, what is"}, {"start": "00:20:22", "end": "00:20:26", "text": "this? Daily. So, the last two days we"}, {"start": "00:20:24", "end": "00:20:28", "text": "broke below this trend line. Um, let's"}, {"start": "00:20:26", "end": "00:20:31", "text": "do some ADA, you know. Let's do some"}, {"start": "00:20:28", "end": "00:20:35", "text": "ADA. This is your last stand on ADA. 16"}, {"start": "00:20:31", "end": "00:20:37", "text": "cents. 1670. You know, this is usually"}, {"start": "00:20:35", "end": "00:20:39", "text": "these volume nodes at least end up"}, {"start": "00:20:37", "end": "00:20:41", "text": "acting as bounce points, adding some"}, {"start": "00:20:39", "end": "00:20:45", "text": "buoyancy, maybe, you know, a stop the"}, {"start": "00:20:41", "end": "00:20:47", "text": "bleed type moment. uh if you lose 16"}, {"start": "00:20:45", "end": "00:20:49", "text": "cents, I mean, you're going to do some"}, {"start": "00:20:47", "end": "00:20:52", "text": "some very early price exploration down"}, {"start": "00:20:49", "end": "00:20:54", "text": "to this release level zone here and"}, {"start": "00:20:52", "end": "00:20:58", "text": "people are going to be very upset should"}, {"start": "00:20:54", "end": "00:21:01", "text": "that happen. Uh for me, you know, I've"}, {"start": "00:20:58", "end": "00:21:03", "text": "moved on from ADA long ago. I understand"}, {"start": "00:21:01", "end": "00:21:06", "text": "a lot of people hold it. But to your"}, {"start": "00:21:03", "end": "00:21:09", "text": "point TJ, about the questioning of this"}, {"start": "00:21:06", "end": "00:21:11", "text": "circle roll out with ARC and what it"}, {"start": "00:21:09", "end": "00:21:15", "text": "could do on Ethereum and Salana,"}, {"start": "00:21:11", "end": "00:21:18", "text": ">> it's like something in my mind gets way"}, {"start": "00:21:15", "end": "00:21:21", "text": "more excited about a and morpho seeing"}, {"start": "00:21:18", "end": "00:21:21", "text": "something like that happen than"}, {"start": "00:21:21", "end": "00:21:24", "text": ">> you know"}, {"start": "00:21:21", "end": "00:21:26", "text": ">> a again a morpho, arrow, chain link, all"}, {"start": "00:21:24", "end": "00:21:27", "text": "of those things fully integrated into"}, {"start": "00:21:26", "end": "00:21:30", "text": "what arc is doing. So again, we're"}, {"start": "00:21:27", "end": "00:21:32", "text": "getting into the part of the cycle or"}, {"start": "00:21:30", "end": "00:21:36", "text": "the part of uh the growth of this"}, {"start": "00:21:32", "end": "00:21:38", "text": "industry where true products that have"}, {"start": "00:21:36", "end": "00:21:40", "text": "use and product market fit and tech, you"}, {"start": "00:21:38", "end": "00:21:42", "text": "know, unique technology really does"}, {"start": "00:21:40", "end": "00:21:45", "text": "matter. So"}, {"start": "00:21:42", "end": "00:21:48", "text": ">> I'm not willing to go uh sky is falling"}, {"start": "00:21:45", "end": "00:21:49", "text": "on the the two you know Ethereum and"}, {"start": "00:21:48", "end": "00:21:52", "text": "Salana which a large you know two of my"}, {"start": "00:21:49", "end": "00:21:54", "text": "largest positions yet but it's"}, {"start": "00:21:52", "end": "00:21:56", "text": "definitely something to you know you"}, {"start": "00:21:54", "end": "00:21:58", "text": "need to be monitoring the situation when"}, {"start": "00:21:56", "end": "00:21:59", "text": "it comes to layer ones and people like"}, {"start": "00:21:58", "end": "00:22:01", "text": "circle"}, {"start": "00:21:59", "end": "00:22:03", "text": ">> uh real quick before wars gets out there"}, {"start": "00:22:01", "end": "00:22:05", "text": "I do want to start talk I did want to"}, {"start": "00:22:03", "end": "00:22:07", "text": "mention this we kind of as a followup to"}, {"start": "00:22:05", "end": "00:22:10", "text": "what we were talking about today with"}, {"start": "00:22:07", "end": "00:22:13", "text": "the clarity not passing being a good"}, {"start": "00:22:10", "end": "00:22:16", "text": "thing we've already got Atkins the head"}, {"start": "00:22:13", "end": "00:22:17", "text": "of the SEC coming out here saying he has"}, {"start": "00:22:16", "end": "00:22:20", "text": "I have been unequivocal with or without"}, {"start": "00:22:17", "end": "00:22:22", "text": "legislation we will act decisively"}, {"start": "00:22:20", "end": "00:22:24", "text": "within the SEC statutory authority to"}, {"start": "00:22:22", "end": "00:22:25", "text": "deliver certainty for American investors"}, {"start": "00:22:24", "end": "00:22:27", "text": "and for the entrepreneurs shaping our"}, {"start": "00:22:25", "end": "00:22:28", "text": "technologies future so this is coming"}, {"start": "00:22:27", "end": "00:22:31", "text": "from the SEC they were already ready to"}, {"start": "00:22:28", "end": "00:22:34", "text": "roll it out before and now even you know"}, {"start": "00:22:31", "end": "00:22:36", "text": "just minutes ago or an hour or two ago"}, {"start": "00:22:34", "end": "00:22:38", "text": "you've got the CFTC the outcome of"}, {"start": "00:22:36", "end": "00:22:39", "text": "yesterday's Senate vote was unfortunate"}, {"start": "00:22:38", "end": "00:22:41", "text": "Americans deserve regulatory clarity"}, {"start": "00:22:39", "end": "00:22:43", "text": "legal certainty and consumer protections"}, {"start": "00:22:41", "end": "00:22:45", "text": "and crypto asset markets. President"}, {"start": "00:22:43", "end": "00:22:47", "text": "Trump promised to deliver a futurep"}, {"start": "00:22:45", "end": "00:22:48", "text": "proof crypto asset regulatory market"}, {"start": "00:22:47", "end": "00:22:50", "text": "structure one way or the other. And"}, {"start": "00:22:48", "end": "00:22:52", "text": "we're going to help him get that job"}, {"start": "00:22:50", "end": "00:22:54", "text": "done using our existing authority. The"}, {"start": "00:22:52", "end": "00:22:56", "text": "US is and will remain the crypto capital"}, {"start": "00:22:54", "end": "00:22:58", "text": "of the world. CFTC is locked in and"}, {"start": "00:22:56", "end": "00:23:00", "text": "ready to ship its rules for the new"}, {"start": "00:22:58", "end": "00:23:04", "text": "frontier of finance. So again, all of"}, {"start": "00:23:00", "end": "00:23:07", "text": "that clarity BS was um a bunch of"}, {"start": "00:23:04", "end": "00:23:10", "text": "political BS just and uh we are"}, {"start": "00:23:07", "end": "00:23:15", "text": "absolutely going to get in my opinion a"}, {"start": "00:23:10", "end": "00:23:18", "text": "much better uh more advantageous shaping"}, {"start": "00:23:15", "end": "00:23:20", "text": "of the regulatory framework for this"}, {"start": "00:23:18", "end": "00:23:22", "text": "industry moving forward. Not as locked"}, {"start": "00:23:20", "end": "00:23:25", "text": "in stone, but it'll give us plenty of"}, {"start": "00:23:22", "end": "00:23:27", "text": "time, two to three years to move this"}, {"start": "00:23:25", "end": "00:23:30", "text": "forward very, very quickly. Hyper"}, {"start": "00:23:27", "end": "00:23:32", "text": "bullish on DeFi. Um, you know, you heard"}, {"start": "00:23:30", "end": "00:23:35", "text": "it here first. Just AI, DeFi, you know,"}, {"start": "00:23:32", "end": "00:23:36", "text": "Bitcoin, AI, DeFi."}, {"start": "00:23:35", "end": "00:23:38", "text": ">> Those are the Let's pull up this gold"}, {"start": "00:23:36", "end": "00:23:42", "text": "chart, too, while we're doing this. Look"}, {"start": "00:23:38", "end": "00:23:44", "text": "at this. Uh, gold is pulling back pretty"}, {"start": "00:23:42", "end": "00:23:47", "text": "good right now. I mean, this is about 1"}, {"start": "00:23:44", "end": "00:23:49", "text": "and a.5%. Yeah, one and a half%. These"}, {"start": "00:23:47", "end": "00:23:52", "text": "are fivem minutee candles on gold. This"}, {"start": "00:23:49", "end": "00:23:55", "text": "is a $30 trillion plus market cap."}, {"start": "00:23:52", "end": "00:23:58", "text": "Pulling back by nearly 2% in 15 minutes."}, {"start": "00:23:55", "end": "00:24:00", "text": "That's a move. Uh everything pumping"}, {"start": "00:23:58", "end": "00:24:03", "text": "always the opposite. Where is Bitcoin"}, {"start": "00:24:00", "end": "00:24:04", "text": "at? We're not pumping too much yet. This"}, {"start": "00:24:03", "end": "00:24:07", "text": "could very well just have been the short"}, {"start": "00:24:04", "end": "00:24:09", "text": "liquidation wick so far. That's why I'm"}, {"start": "00:24:07", "end": "00:24:11", "text": "very very careful in these environments"}, {"start": "00:24:09", "end": "00:24:15", "text": "because I see these crazy liquidation"}, {"start": "00:24:11", "end": "00:24:18", "text": "wicks and on the 15minute. I mean the"}, {"start": "00:24:15", "end": "00:24:20", "text": "whole look at this candle. Oh, how you"}, {"start": "00:24:18", "end": "00:24:21", "text": "going to study this candle? What kind of"}, {"start": "00:24:20", "end": "00:24:25", "text": "alpha do you get out of this where you"}, {"start": "00:24:21", "end": "00:24:28", "text": "got the body is about 5% of the wick?"}, {"start": "00:24:25", "end": "00:24:30", "text": "you know, like what is this incredible"}, {"start": "00:24:28", "end": "00:24:34", "text": "technology? Um, and I feel kind of weird"}, {"start": "00:24:30", "end": "00:24:37", "text": "that I like the Paul Atkins angle so"}, {"start": "00:24:34", "end": "00:24:40", "text": "much, too. I'm so used to just railing"}, {"start": "00:24:37", "end": "00:24:42", "text": "against uh elected not not just"}, {"start": "00:24:40", "end": "00:24:44", "text": "political bureaucrats or people that are"}, {"start": "00:24:42", "end": "00:24:45", "text": "in charge of those organizations. Paul"}, {"start": "00:24:44", "end": "00:24:47", "text": "Atkins"}, {"start": "00:24:45", "end": "00:24:49", "text": "pretty cool. I think that he's going to"}, {"start": "00:24:47", "end": "00:24:51", "text": "be pretty good for the crypto industry"}, {"start": "00:24:49", "end": "00:24:54", "text": "and uh I knew that he would step in. you"}, {"start": "00:24:51", "end": "00:24:56", "text": "know, long-term expectation of the"}, {"start": "00:24:54", "end": "00:24:58", "text": "federal government failing and then him"}, {"start": "00:24:56", "end": "00:25:01", "text": "having to step in to uh clean up the"}, {"start": "00:24:58", "end": "00:25:03", "text": "mess. See if we're going live yet on the"}, {"start": "00:25:01", "end": "00:25:05", "text": "Federal Reserve. Nothing yet. Nothing"}, {"start": "00:25:03", "end": "00:25:07", "text": "yet on the Federal Reserve. This chart"}, {"start": "00:25:05", "end": "00:25:08", "text": "action is kind of crazy right now."}, {"start": "00:25:07", "end": "00:25:11", "text": ">> Yeah, while we're waiting, I do want to"}, {"start": "00:25:08", "end": "00:25:13", "text": "hear some summary notes coming out. So"}, {"start": "00:25:11", "end": "00:25:17", "text": "it was a a Fed interest rate hike"}, {"start": "00:25:13", "end": "00:25:19", "text": "decision was made 12 to0 unanimous vote"}, {"start": "00:25:17", "end": "00:25:23", "text": "saying that will support return to 2%"}, {"start": "00:25:19", "end": "00:25:26", "text": "inflation. Uh medium Fed forecast shows"}, {"start": "00:25:23", "end": "00:25:27", "text": "one more basis point hike in 2026. So"}, {"start": "00:25:26", "end": "00:25:31", "text": "they're talking about one more which I"}, {"start": "00:25:27", "end": "00:25:33", "text": "did see somebody in the chat saying um"}, {"start": "00:25:31", "end": "00:25:35", "text": "that they anticipate if there was a hike"}, {"start": "00:25:33", "end": "00:25:38", "text": "today we will also get another one this"}, {"start": "00:25:35", "end": "00:25:40", "text": "year. Fed said job gains are strong."}, {"start": "00:25:38", "end": "00:25:42", "text": "unemployment rate has changed a little."}, {"start": "00:25:40", "end": "00:25:44", "text": "Community will deliver price stability."}, {"start": "00:25:42", "end": "00:25:47", "text": "The Fed statement says higher for longer"}, {"start": "00:25:44", "end": "00:25:49", "text": "is back. So,"}, {"start": "00:25:47", "end": "00:25:51", "text": ">> well, you know, that's the right thing"}, {"start": "00:25:49", "end": "00:25:53", "text": "to do. Beatings will continue until"}, {"start": "00:25:51", "end": "00:25:56", "text": "morale improves. That's what I would do."}, {"start": "00:25:53", "end": "00:25:59", "text": ">> Uh double-sided liquidation hunt candle."}, {"start": "00:25:56", "end": "00:26:02", "text": "Absolutely. That was crazy. Now, ETH"}, {"start": "00:25:59", "end": "00:26:05", "text": "coming back down under 2400 bucks right"}, {"start": "00:26:02", "end": "00:26:07", "text": "now. Um fighting for its right to party"}, {"start": "00:26:05", "end": "00:26:10", "text": "here. And it's kind of interesting when"}, {"start": "00:26:07", "end": "00:26:13", "text": "you see this crazy of price action."}, {"start": "00:26:10", "end": "00:26:15", "text": "These old school shelves of volume"}, {"start": "00:26:13", "end": "00:26:17", "text": "become really really clear on how"}, {"start": "00:26:15", "end": "00:26:20", "text": "powerful they are when it comes to"}, {"start": "00:26:17", "end": "00:26:22", "text": "trading. You can see clear very very"}, {"start": "00:26:20", "end": "00:26:25", "text": "clear shelves developed and then you run"}, {"start": "00:26:22", "end": "00:26:28", "text": "into that short-term resistance come"}, {"start": "00:26:25", "end": "00:26:30", "text": "back down to the PC locally. This is a"}, {"start": "00:26:28", "end": "00:26:32", "text": "little bit too zoomed in. I want to back"}, {"start": "00:26:30", "end": "00:26:35", "text": "up and check out what we're dealing with"}, {"start": "00:26:32", "end": "00:26:37", "text": "on the money flow cuz this this money"}, {"start": "00:26:35", "end": "00:26:38", "text": "flow. Okay, we're printing a green dot"}, {"start": "00:26:37", "end": "00:26:41", "text": "to the downside. Could get washed away"}, {"start": "00:26:38", "end": "00:26:44", "text": "in the blink of an eye. Always bullish"}, {"start": "00:26:41", "end": "00:26:46", "text": "on KBY. You know, I think someone was"}, {"start": "00:26:44", "end": "00:26:47", "text": "asking me, I don't know if they was"}, {"start": "00:26:46", "end": "00:26:50", "text": "asking about"}, {"start": "00:26:47", "end": "00:26:52", "text": "Midnight. Midnight."}, {"start": "00:26:50", "end": "00:26:54", "text": "Midnight stands a potential of gain in a"}, {"start": "00:26:52", "end": "00:26:56", "text": "bid if the Cardano people just kind of"}, {"start": "00:26:54", "end": "00:26:58", "text": "flock to the next best thing in their"}, {"start": "00:26:56", "end": "00:27:00", "text": "ecosystem. I could see that. It's a very"}, {"start": "00:26:58", "end": "00:27:04", "text": "small market cap and I would have"}, {"start": "00:27:00", "end": "00:27:07", "text": "expected to see more midnight juice"}, {"start": "00:27:04", "end": "00:27:10", "text": "during this privacy excitement cuz"}, {"start": "00:27:07", "end": "00:27:13", "text": "Monero and Zcash are doing really really"}, {"start": "00:27:10", "end": "00:27:14", "text": "well. Zcash is at $1,300."}, {"start": "00:27:13", "end": "00:27:20", "text": "Are you kidding me?"}, {"start": "00:27:14", "end": "00:27:22", "text": ">> This is a extreme extreme pump on Zcash."}, {"start": "00:27:20", "end": "00:27:26", "text": "What the hell? Let's go look at Midnight"}, {"start": "00:27:22", "end": "00:27:28", "text": "just because I must. I'm a crypto den."}, {"start": "00:27:26", "end": "00:27:30", "text": "All right, it's right at about 1.9"}, {"start": "00:27:28", "end": "00:27:33", "text": "cents. Not great. This is not the bid I"}, {"start": "00:27:30", "end": "00:27:36", "text": "would expect to see during a privacy"}, {"start": "00:27:33", "end": "00:27:39", "text": "glow up. Monero, I like Monero most out"}, {"start": "00:27:36", "end": "00:27:41", "text": "of all these privacy coins."}, {"start": "00:27:39", "end": "00:27:43", "text": "Uh, personally, this is one of the"}, {"start": "00:27:41", "end": "00:27:46", "text": "better charts out there in crypto, too."}, {"start": "00:27:43", "end": "00:27:48", "text": "Consistent, nice higher lows, good"}, {"start": "00:27:46", "end": "00:27:49", "text": "explosive moves to the upside, comes"}, {"start": "00:27:48", "end": "00:27:51", "text": "back down, bounces off old school"}, {"start": "00:27:49", "end": "00:27:54", "text": "support. This is a good chart. This is a"}, {"start": "00:27:51", "end": "00:27:57", "text": "good chart. I I have Monero socks that I"}, {"start": "00:27:54", "end": "00:28:00", "text": "wear around town still. Uh Ono, you"}, {"start": "00:27:57", "end": "00:28:02", "text": "know, Ono is still on my ticker behind"}, {"start": "00:28:00", "end": "00:28:04", "text": "me. I think it shows up every now and"}, {"start": "00:28:02", "end": "00:28:09", "text": "again here. And I'm going to guess 36"}, {"start": "00:28:04", "end": "00:28:11", "text": "cents. No, 35. Let's go. I'm going to"}, {"start": "00:28:09", "end": "00:28:13", "text": "guess ono. And we're going to go in."}, {"start": "00:28:11", "end": "00:28:15", "text": "Dang, it just can't catch a break. It's"}, {"start": "00:28:13", "end": "00:28:19", "text": "33 cents."}, {"start": "00:28:15", "end": "00:28:22", "text": "Yeah, this is this is not great. This is"}, {"start": "00:28:19", "end": "00:28:26", "text": "not great. I uh I remember this project"}, {"start": "00:28:22", "end": "00:28:28", "text": "had so much excitement during the RWA"}, {"start": "00:28:26", "end": "00:28:30", "text": "glow up and now some of that token value"}, {"start": "00:28:28", "end": "00:28:33", "text": "capture that it lacks is starting to"}, {"start": "00:28:30", "end": "00:28:35", "text": "shine through on the charts."}, {"start": "00:28:33", "end": "00:28:37", "text": "This is kind of an interesting thing. I"}, {"start": "00:28:35", "end": "00:28:39", "text": "I don't really feel like going back into"}, {"start": "00:28:37", "end": "00:28:41", "text": "like I already made great moves on it"}, {"start": "00:28:39", "end": "00:28:44", "text": "last bull market so I don't feel like"}, {"start": "00:28:41", "end": "00:28:46", "text": "horribly enticed. And maybe if I see"}, {"start": "00:28:44", "end": "00:28:49", "text": "some major token value capture changes"}, {"start": "00:28:46", "end": "00:28:52", "text": "to it, uh XRP in the perfect spot for"}, {"start": "00:28:49", "end": "00:28:54", "text": "long, that'll be the day. Me longing"}, {"start": "00:28:52", "end": "00:28:58", "text": "XRP, that's when you know hell has"}, {"start": "00:28:54", "end": "00:29:00", "text": "frozen over. Now, let's go back here."}, {"start": "00:28:58", "end": "00:29:03", "text": "Let's go back here. I feel so good. I"}, {"start": "00:29:00", "end": "00:29:05", "text": "started working out for the last like"}, {"start": "00:29:03", "end": "00:29:06", "text": "week. I finally started working out"}, {"start": "00:29:05", "end": "00:29:10", "text": "again. I took a couple months off, so"}, {"start": "00:29:06", "end": "00:29:12", "text": "I'm feeling a little bit extra frisky."}, {"start": "00:29:10", "end": "00:29:14", "text": "Federal Reserve not going yet. Uh what"}, {"start": "00:29:12", "end": "00:29:16", "text": "was it? 2:22. So we got about eight"}, {"start": "00:29:14", "end": "00:29:19", "text": "minutes left until we go live with it."}, {"start": "00:29:16", "end": "00:29:21", "text": "Let's look at the other crypto projects"}, {"start": "00:29:19", "end": "00:29:24", "text": "here. So Ando,"}, {"start": "00:29:21", "end": "00:29:26", "text": ">> well also the other thing worth noting"}, {"start": "00:29:24", "end": "00:29:28", "text": "is, you know, this was the kind of"}, {"start": "00:29:26", "end": "00:29:29", "text": "perfect storm for the bears. We talked"}, {"start": "00:29:28", "end": "00:29:30", "text": "about this a long time ago, the fact"}, {"start": "00:29:29", "end": "00:29:33", "text": "that we were going to have both, you"}, {"start": "00:29:30", "end": "00:29:36", "text": "know, we got clarity failed and a rate"}, {"start": "00:29:33", "end": "00:29:39", "text": "hike and the price has barely given"}, {"start": "00:29:36", "end": "00:29:42", "text": "anything up. I mean, we're still sitting"}, {"start": "00:29:39", "end": "00:29:44", "text": "near 76K. Uh so this was this was"}, {"start": "00:29:42", "end": "00:29:46", "text": "supposed to be the day for the bears"}, {"start": "00:29:44", "end": "00:29:48", "text": "where they were getting 40k you know"}, {"start": "00:29:46", "end": "00:29:50", "text": "where they were getting new lows all"}, {"start": "00:29:48", "end": "00:29:52", "text": "that sort of stuff. So unless you know"}, {"start": "00:29:50", "end": "00:29:54", "text": "maybe we got another me meeting in"}, {"start": "00:29:52", "end": "00:29:56", "text": "October maybe they do the next hike in"}, {"start": "00:29:54", "end": "00:29:58", "text": "what do they got October and December I"}, {"start": "00:29:56", "end": "00:30:00", "text": "think left or like end of October"}, {"start": "00:29:58", "end": "00:30:03", "text": ">> in December and if maybe they do one"}, {"start": "00:30:00", "end": "00:30:06", "text": "more hike this year but I don't"}, {"start": "00:30:03", "end": "00:30:11", "text": ">> again like Bitcoin is largely shrugging"}, {"start": "00:30:06", "end": "00:30:13", "text": "this off. Um, so you know, I sorry for"}, {"start": "00:30:11", "end": "00:30:16", "text": "the bears again. I mean, I'm just all of"}, {"start": "00:30:13", "end": "00:30:17", "text": "this is in my opinion noise. Price is"}, {"start": "00:30:16", "end": "00:30:19", "text": "moving up. Look at what the major"}, {"start": "00:30:17", "end": "00:30:20", "text": "financial institutions are doing. Look"}, {"start": "00:30:19", "end": "00:30:23", "text": "at what the biggest investors in the"}, {"start": "00:30:20", "end": "00:30:25", "text": "world are doing. They're all moving into"}, {"start": "00:30:23", "end": "00:30:28", "text": "Bitcoin and DeFi. You know, it's really"}, {"start": "00:30:25", "end": "00:30:30", "text": "the debasement trade is massive in"}, {"start": "00:30:28", "end": "00:30:32", "text": "investing right now. you know, some of"}, {"start": "00:30:30", "end": "00:30:34", "text": "the smartest people in the world are"}, {"start": "00:30:32", "end": "00:30:36", "text": "have already made their moves into gold"}, {"start": "00:30:34", "end": "00:30:38", "text": "and are ready to pivot into Bitcoin. And"}, {"start": "00:30:36", "end": "00:30:40", "text": "again, once AI starts to cool off, I"}, {"start": "00:30:38", "end": "00:30:42", "text": "think you're going to see a huge flow of"}, {"start": "00:30:40", "end": "00:30:45", "text": "capital profit taking from some of these"}, {"start": "00:30:42", "end": "00:30:47", "text": "AI companies into crypto and DeFi."}, {"start": "00:30:45", "end": "00:30:49", "text": "They're going to financialize"}, {"start": "00:30:47", "end": "00:30:51", "text": "everything. Uh I saw somebody's, you"}, {"start": "00:30:49", "end": "00:30:53", "text": "know, talking about, you know, finance"}, {"start": "00:30:51", "end": "00:30:54", "text": "industry going to be 40% of our GDP"}, {"start": "00:30:53", "end": "00:30:58", "text": "before this is all said and done, which"}, {"start": "00:30:54", "end": "00:30:58", "text": "wouldn't surprise me one bit. Um, yeah."}, {"start": "00:30:58", "end": "00:31:02", "text": "What?"}, {"start": "00:30:58", "end": "00:31:04", "text": ">> Oh my god. Yeah. Finance will be 40% and"}, {"start": "00:31:02", "end": "00:31:07", "text": "then the other 60% will be just AI and"}, {"start": "00:31:04", "end": "00:31:08", "text": "humans will be like non non involved."}, {"start": "00:31:07", "end": "00:31:09", "text": "It'll just"}, {"start": "00:31:08", "end": "00:31:11", "text": ">> Well, you want to hear a crazy You want"}, {"start": "00:31:09", "end": "00:31:12", "text": "to hear a crazy theory before we get"}, {"start": "00:31:11", "end": "00:31:13", "text": "started? Uh"}, {"start": "00:31:12", "end": "00:31:16", "text": ">> Brian and I were just having this"}, {"start": "00:31:13", "end": "00:31:18", "text": "conversation that you know at pretty"}, {"start": "00:31:16", "end": "00:31:19", "text": "soon within you know maybe within the"}, {"start": "00:31:18", "end": "00:31:22", "text": "next 10 years within our lifetime for"}, {"start": "00:31:19", "end": "00:31:26", "text": "sure but probably in the near future we"}, {"start": "00:31:22", "end": "00:31:27", "text": "will see everybody's entire savings all"}, {"start": "00:31:26", "end": "00:31:29", "text": "of their money will be optimi it will"}, {"start": "00:31:27", "end": "00:31:31", "text": "all be sitting in something that has"}, {"start": "00:31:29", "end": "00:31:34", "text": "exposure to all assets. So like hey if"}, {"start": "00:31:31", "end": "00:31:35", "text": "you've got whatever you've got saved is"}, {"start": "00:31:34", "end": "00:31:37", "text": "going to be in some index that's earning"}, {"start": "00:31:35", "end": "00:31:39", "text": "for you all the time and whenever you"}, {"start": "00:31:37", "end": "00:31:42", "text": "spend it it's going to you know sell 01"}, {"start": "00:31:39", "end": "00:31:44", "text": "of all your or 001 or whatever it is of"}, {"start": "00:31:42", "end": "00:31:46", "text": "all your positions and you'll create"}, {"start": "00:31:44", "end": "00:31:48", "text": "this own flywheel where you're you're"}, {"start": "00:31:46", "end": "00:31:51", "text": "financially optimized and invested"}, {"start": "00:31:48", "end": "00:31:54", "text": "passively and that will be the form of"}, {"start": "00:31:51", "end": "00:31:57", "text": "UBI where everything's going up"}, {"start": "00:31:54", "end": "00:31:59", "text": ">> and your base income it will be much"}, {"start": "00:31:57", "end": "00:32:02", "text": "lower the amount you need to cover your"}, {"start": "00:31:59", "end": "00:32:03", "text": "daily living expenses. You know, it"}, {"start": "00:32:02", "end": "00:32:06", "text": "could be, you know, and most of the"}, {"start": "00:32:03", "end": "00:32:08", "text": "actual work is all super hyperefficient."}, {"start": "00:32:06", "end": "00:32:10", "text": "You know, all you're doing is helping"}, {"start": "00:32:08", "end": "00:32:11", "text": "grow these hyperscaling companies that"}, {"start": "00:32:10", "end": "00:32:13", "text": "are highly highly profitable and they're"}, {"start": "00:32:11", "end": "00:32:15", "text": "using AI and robotics to do a lot of"}, {"start": "00:32:13", "end": "00:32:18", "text": "this different stuff and your main job"}, {"start": "00:32:15", "end": "00:32:19", "text": "is to stay in your lane, consume, but"}, {"start": "00:32:18", "end": "00:32:21", "text": "don't overconume. You know, it's going"}, {"start": "00:32:19", "end": "00:32:23", "text": "to get it's going to get weird, but that"}, {"start": "00:32:21", "end": "00:32:24", "text": "would be a really interesting version of"}, {"start": "00:32:23", "end": "00:32:26", "text": "UBI where it's like and then if you"}, {"start": "00:32:24", "end": "00:32:28", "text": "start to fall too low, you know, the"}, {"start": "00:32:26", "end": "00:32:30", "text": "government will supplement you to get"}, {"start": "00:32:28", "end": "00:32:32", "text": "back up to that level. And I just think"}, {"start": "00:32:30", "end": "00:32:33", "text": "it's going to be something stupid low"}, {"start": "00:32:32", "end": "00:32:35", "text": "like 50 grand. If you have 50 grand"}, {"start": "00:32:33", "end": "00:32:37", "text": "saved at that point now, you can live on"}, {"start": "00:32:35", "end": "00:32:39", "text": "it for the rest of time instead of it"}, {"start": "00:32:37", "end": "00:32:40", "text": "having to be a couple million. You know,"}, {"start": "00:32:39", "end": "00:32:44", "text": "you're going to be getting everybody's"}, {"start": "00:32:40", "end": "00:32:46", "text": "going to be earning, you know, 10% all"}, {"start": "00:32:44", "end": "00:32:48", "text": "the time on all their money and it's all"}, {"start": "00:32:46", "end": "00:32:49", "text": "going to be in the market. It's just"}, {"start": "00:32:48", "end": "00:32:50", "text": "going to get it's going to get"}, {"start": "00:32:49", "end": "00:32:51", "text": "interesting."}, {"start": "00:32:50", "end": "00:32:53", "text": ">> Well, that's something I think about a"}, {"start": "00:32:51", "end": "00:32:55", "text": "lot. It's like how is a UBI even going"}, {"start": "00:32:53", "end": "00:32:57", "text": "to be possible? Like what is the value"}, {"start": "00:32:55", "end": "00:32:58", "text": "of thing? That's actually a really"}, {"start": "00:32:57", "end": "00:33:00", "text": "interesting take"}, {"start": "00:32:58", "end": "00:33:02", "text": ">> that it comes from that investment in"}, {"start": "00:33:00", "end": "00:33:04", "text": "the actual market itself."}, {"start": "00:33:02", "end": "00:33:06", "text": ">> Jeez Louise, I talk about this with"}, {"start": "00:33:04", "end": "00:33:10", "text": "parents at my my boys baseball practice"}, {"start": "00:33:06", "end": "00:33:13", "text": "like all the time actually. And AI I you"}, {"start": "00:33:10", "end": "00:33:16", "text": "know I live in Alabama. Nobody basically"}, {"start": "00:33:13", "end": "00:33:18", "text": "Alabama and nobody talks about"}, {"start": "00:33:16", "end": "00:33:21", "text": ">> it's not Alabama by the way guys. It's"}, {"start": "00:33:18", "end": "00:33:26", "text": "just it's close. It's close, but yeah,"}, {"start": "00:33:21", "end": "00:33:28", "text": ">> it's like when I go to near Atlanta and"}, {"start": "00:33:26", "end": "00:33:30", "text": "like more techsavvy people, that's all"}, {"start": "00:33:28", "end": "00:33:31", "text": "they want to talk about right now. It's"}, {"start": "00:33:30", "end": "00:33:35", "text": "literally all they want to talk. Yes,"}, {"start": "00:33:31", "end": "00:33:38", "text": "it's AI. I'm talking doctors and uh you"}, {"start": "00:33:35", "end": "00:33:38", "text": "know, software engineers obviously, but"}, {"start": "00:33:38", "end": "00:33:40", "text": "everybody"}, {"start": "00:33:38", "end": "00:33:43", "text": ">> is talking about AI considering the news"}, {"start": "00:33:40", "end": "00:33:45", "text": "yesterday. The hike is not too bad. Bull"}, {"start": "00:33:43", "end": "00:33:46", "text": "market coming very soon, even in a"}, {"start": "00:33:45", "end": "00:33:48", "text": "couple weeks."}, {"start": "00:33:46", "end": "00:33:50", "text": "There's people making I saw today"}, {"start": "00:33:48", "end": "00:33:52", "text": "somebody or Arthur Hayes again which he"}, {"start": "00:33:50", "end": "00:33:54", "text": "has all kinds of you know h you know"}, {"start": "00:33:52", "end": "00:33:55", "text": "hyperbole type takes but talking about"}, {"start": "00:33:54", "end": "00:33:58", "text": "new all-time highs by the end of the"}, {"start": "00:33:55", "end": "00:34:01", "text": "year. Somebody saying 25% chance we see"}, {"start": "00:33:58", "end": "00:34:02", "text": "over 100k by the end of this year. I"}, {"start": "00:34:01", "end": "00:34:05", "text": "definitely agree with this. We're going"}, {"start": "00:34:02", "end": "00:34:07", "text": "to get DeFi summer 2.0 in 2027 which if"}, {"start": "00:34:05", "end": "00:34:10", "text": "you guys weren't here for that was a uh"}, {"start": "00:34:07", "end": "00:34:12", "text": "a glorious time to be well chaotic and"}, {"start": "00:34:10", "end": "00:34:13", "text": "glorious just like most of crypto. But"}, {"start": "00:34:12", "end": "00:34:15", "text": "you know that was when the food coins"}, {"start": "00:34:13", "end": "00:34:17", "text": "really started popping off. But you got,"}, {"start": "00:34:15", "end": "00:34:19", "text": "you know, sushi swap and pancake swap"}, {"start": "00:34:17", "end": "00:34:20", "text": "and pickle finance and all these crazy"}, {"start": "00:34:19", "end": "00:34:21", "text": "things. But"}, {"start": "00:34:20", "end": "00:34:22", "text": ">> we were kings."}, {"start": "00:34:21", "end": "00:34:23", "text": ">> We were kings."}, {"start": "00:34:22", "end": "00:34:26", "text": ">> I agree. It's coming along with"}, {"start": "00:34:23", "end": "00:34:28", "text": "exponential growth in AI and fiat"}, {"start": "00:34:26", "end": "00:34:32", "text": "infinitely debased. Yes, I absolutely"}, {"start": "00:34:28", "end": "00:34:34", "text": "agree after you know uh you know they're"}, {"start": "00:34:32", "end": "00:34:37", "text": "going to just print the crap out of this"}, {"start": "00:34:34", "end": "00:34:38", "text": "dollar and u just debase the heck out of"}, {"start": "00:34:37", "end": "00:34:39", "text": "it and yeah, everything's going to the"}, {"start": "00:34:38", "end": "00:34:42", "text": "moon. So,"}, {"start": "00:34:39", "end": "00:34:44", "text": ">> right, orange man need to go FFS. Uh,"}, {"start": "00:34:42", "end": "00:34:46", "text": "what if Trump gets a third term? We"}, {"start": "00:34:44", "end": "00:34:49", "text": "might only be halfway through Trump's"}, {"start": "00:34:46", "end": "00:34:50", "text": "entire time as president of the US."}, {"start": "00:34:49", "end": "00:34:51", "text": ">> You just love saying things to trigger"}, {"start": "00:34:50", "end": "00:34:53", "text": "people, man."}, {"start": "00:34:51", "end": "00:34:55", "text": ">> Well, I mean, what's the There's"}, {"start": "00:34:53", "end": "00:34:57", "text": "Professor Xiang said it. He was that"}, {"start": "00:34:55", "end": "00:34:58", "text": "Chinese professor guy."}, {"start": "00:34:57", "end": "00:35:01", "text": ">> I just I have something to say to all"}, {"start": "00:34:58", "end": "00:35:03", "text": "these people. Like, if you really think"}, {"start": "00:35:01", "end": "00:35:05", "text": "the sitting president is the one that's"}, {"start": "00:35:03", "end": "00:35:06", "text": "going to fix all your problems, you"}, {"start": "00:35:05", "end": "00:35:08", "text": "know, like it's it's not the orange man,"}, {"start": "00:35:06", "end": "00:35:10", "text": "it's not the blue man, it's not the red"}, {"start": "00:35:08", "end": "00:35:11", "text": "man, it's not the boogeyman. Like it's"}, {"start": "00:35:10", "end": "00:35:14", "text": "just"}, {"start": "00:35:11", "end": "00:35:16", "text": ">> it's the system and there it's a"}, {"start": "00:35:14", "end": "00:35:17", "text": ">> it's it's not going to change guys. It's"}, {"start": "00:35:16", "end": "00:35:19", "text": "not going to change. So you can keep"}, {"start": "00:35:17", "end": "00:35:21", "text": "whining about it and crying about it or"}, {"start": "00:35:19", "end": "00:35:22", "text": "you can find your way out. I'm assuming"}, {"start": "00:35:21", "end": "00:35:24", "text": "if you're here you've come to the"}, {"start": "00:35:22", "end": "00:35:27", "text": "solution that Bitcoin is the way out."}, {"start": "00:35:24", "end": "00:35:28", "text": "Anytime you ever think about voting or"}, {"start": "00:35:27", "end": "00:35:30", "text": "putting your money towards any good"}, {"start": "00:35:28", "end": "00:35:32", "text": "cause just put it in Bitcoin because"}, {"start": "00:35:30", "end": "00:35:33", "text": "that is the best way to vote is with"}, {"start": "00:35:32", "end": "00:35:36", "text": "your capital and the best way to exit"}, {"start": "00:35:33", "end": "00:35:38", "text": "the system is to be in Bitcoin. Uh, now"}, {"start": "00:35:36", "end": "00:35:39", "text": "they've found largely a way to capture"}, {"start": "00:35:38", "end": "00:35:42", "text": "things through stable coins. That's why"}, {"start": "00:35:39", "end": "00:35:45", "text": "everything's in stable coins, but um,"}, {"start": "00:35:42", "end": "00:35:46", "text": "yeah, Bitcoin, Bitcoin, Goldity,"}, {"start": "00:35:45", "end": "00:35:49", "text": ">> those are best bets."}, {"start": "00:35:46", "end": "00:35:51", "text": ">> Clarity Act drove me nuts because they"}, {"start": "00:35:49", "end": "00:35:52", "text": "were trying to capture everything."}, {"start": "00:35:51", "end": "00:35:54", "text": "Everything to be built was going to be"}, {"start": "00:35:52", "end": "00:35:57", "text": "captured with the Clarity Act as it s as"}, {"start": "00:35:54", "end": "00:35:59", "text": "it sat last week."}, {"start": "00:35:57", "end": "00:36:01", "text": ">> Glad there's a good one here, too. Yeah,"}, {"start": "00:35:59", "end": "00:36:03", "text": "it's been uh undefeated since 1913. If"}, {"start": "00:36:01", "end": "00:36:04", "text": "you guys don't know, that's the creation"}, {"start": "00:36:03", "end": "00:36:07", "text": "of the Federal Reserve. So really we're"}, {"start": "00:36:04", "end": "00:36:08", "text": "in the banking system, the money system."}, {"start": "00:36:07", "end": "00:36:11", "text": ">> Yeah. And it's a good season to act"}, {"start": "00:36:08", "end": "00:36:14", "text": "aggressively by holding Bitcoin because"}, {"start": "00:36:11", "end": "00:36:15", "text": "like this is a inflection point that"}, {"start": "00:36:14", "end": "00:36:17", "text": "we're at right now. Pokemon cards will"}, {"start": "00:36:15", "end": "00:36:20", "text": "be currency. Tokenized Pokemon cards are"}, {"start": "00:36:17", "end": "00:36:21", "text": "turning into currency right there."}, {"start": "00:36:20", "end": "00:36:23", "text": ">> Everything will be financialized. That's"}, {"start": "00:36:21", "end": "00:36:24", "text": "what I was saying earlier. Like that's"}, {"start": "00:36:23", "end": "00:36:27", "text": "that's the world we're moving into. You"}, {"start": "00:36:24", "end": "00:36:29", "text": "need to be able to produce cash. Cash"}, {"start": "00:36:27", "end": "00:36:32", "text": "flow. That's another one of my favorite"}, {"start": "00:36:29", "end": "00:36:33", "text": "phrases. And if you're in business, um,"}, {"start": "00:36:32", "end": "00:36:35", "text": "you know, like the sooner you can think"}, {"start": "00:36:33", "end": "00:36:39", "text": "about ways to do this, but you know, is,"}, {"start": "00:36:35", "end": "00:36:41", "text": "uh, revenue is vanity, profit is sanity,"}, {"start": "00:36:39", "end": "00:36:43", "text": "but cash is king. And it's really like I"}, {"start": "00:36:41", "end": "00:36:46", "text": "like to say cash flow. Uh, because if"}, {"start": "00:36:43", "end": "00:36:47", "text": "you need to have that cash coming in"}, {"start": "00:36:46", "end": "00:36:49", "text": "faster than it's going out and as long"}, {"start": "00:36:47", "end": "00:36:52", "text": "as you can do that and then you take"}, {"start": "00:36:49", "end": "00:36:53", "text": "your excess cash and put it into assets,"}, {"start": "00:36:52", "end": "00:36:54", "text": "you're going to be okay. You know,"}, {"start": "00:36:53", "end": "00:36:56", "text": "that's the game you should be playing is"}, {"start": "00:36:54", "end": "00:36:58", "text": "the cash flow game. If you can find a"}, {"start": "00:36:56", "end": "00:37:01", "text": "way to where, hey, I'm living on this."}, {"start": "00:36:58", "end": "00:37:03", "text": "If if you can have, you know, it's all"}, {"start": "00:37:01", "end": "00:37:04", "text": "relative, I guess, but, you know, if you"}, {"start": "00:37:03", "end": "00:37:07", "text": "can have twice as much coming in as"}, {"start": "00:37:04", "end": "00:37:09", "text": "going out, and then you're putting all"}, {"start": "00:37:07", "end": "00:37:11", "text": "of that into assets, and then eventually"}, {"start": "00:37:09", "end": "00:37:12", "text": "you get into that flywheel compounding"}, {"start": "00:37:11", "end": "00:37:14", "text": "thing where money's coming in faster"}, {"start": "00:37:12", "end": "00:37:16", "text": "than you can find a place to put it, and"}, {"start": "00:37:14", "end": "00:37:16", "text": "then it just stacks and stacks and"}, {"start": "00:37:16", "end": "00:37:18", "text": "stacks. So,"}, {"start": "00:37:16", "end": "00:37:21", "text": ">> right, and I've heard this like I still"}, {"start": "00:37:18", "end": "00:37:23", "text": "in the chat like Bitcoin maxis don't"}, {"start": "00:37:21", "end": "00:37:25", "text": "make good TA people. I can acknowledge"}, {"start": "00:37:23", "end": "00:37:27", "text": "that because I believe in Bitcoin. So, I"}, {"start": "00:37:25", "end": "00:37:29", "text": "have to pour a bucket of cold water on"}, {"start": "00:37:27", "end": "00:37:31", "text": "me all the time to, you know, not expect"}, {"start": "00:37:29", "end": "00:37:33", "text": "just every day I'm going to wake up and"}, {"start": "00:37:31", "end": "00:37:36", "text": "be at a million dollar Bitcoin. But I"}, {"start": "00:37:33", "end": "00:37:40", "text": "agree with uh I think it's Ren Rube."}, {"start": "00:37:36", "end": "00:37:42", "text": "These are 2023 basement times like 15K."}, {"start": "00:37:40", "end": "00:37:44", "text": "Watch how we take off. I absolutely"}, {"start": "00:37:42", "end": "00:37:47", "text": "agree with that and it will be very"}, {"start": "00:37:44", "end": "00:37:49", "text": "telling if Bitcoin does not breach"}, {"start": "00:37:47", "end": "00:37:52", "text": "really the line in the sand is about"}, {"start": "00:37:49", "end": "00:37:55", "text": "$67,000. is if you lose 67 then sure we"}, {"start": "00:37:52", "end": "00:37:58", "text": "got to go mess around with the 62 mark"}, {"start": "00:37:55", "end": "00:38:01", "text": "and probably lose it at that point but"}, {"start": "00:37:58", "end": "00:38:03", "text": "as things can sit right now and we're"}, {"start": "00:38:01", "end": "00:38:05", "text": "still kind of chunking towards that"}, {"start": "00:38:03", "end": "00:38:06", "text": "golden pocket here and let's pull up the"}, {"start": "00:38:05", "end": "00:38:08", "text": "money flow"}, {"start": "00:38:06", "end": "00:38:10", "text": ">> I think that he's going he's going"}, {"start": "00:38:08", "end": "00:38:11", "text": ">> let's go let's go let's see"}, {"start": "00:38:10", "end": "00:38:14", "text": ">> I've got it on YouTube"}, {"start": "00:38:11", "end": "00:38:16", "text": ">> all right bring it up or here let me go"}, {"start": "00:38:14", "end": "00:38:17", "text": "to YouTube let me go to YouTube and I'll"}, {"start": "00:38:16", "end": "00:38:18", "text": "pull it up here as well"}, {"start": "00:38:17", "end": "00:38:19", "text": ">> with the workforce"}, {"start": "00:38:18", "end": "00:38:20", "text": ">> oh there we go"}, {"start": "00:38:19", "end": "00:38:22", "text": ">> well you can go and pull it"}, {"start": "00:38:20", "end": "00:38:26", "text": "on your side. This is not I guess I can"}, {"start": "00:38:22", "end": "00:38:28", "text": ">> but inflation remains elevated."}, {"start": "00:38:26", "end": "00:38:31", "text": "Today's policy action will support a"}, {"start": "00:38:28", "end": "00:38:34", "text": "timelier return to the committee's 2%"}, {"start": "00:38:31", "end": "00:38:36", "text": "goal. This committee will deliver price"}, {"start": "00:38:34", "end": "00:38:39", "text": "stability."}, {"start": "00:38:36", "end": "00:38:41", "text": "Now get into some further detail."}, {"start": "00:38:39", "end": "00:38:43", "text": "Our decision comes at a time when the"}, {"start": "00:38:41", "end": "00:38:46", "text": "American economy appears to be"}, {"start": "00:38:43", "end": "00:38:49", "text": "strengthening. new hiring, private"}, {"start": "00:38:46", "end": "00:38:52", "text": "sector earnings, business capital"}, {"start": "00:38:49", "end": "00:38:54", "text": "investment. Each of these markers has"}, {"start": "00:38:52", "end": "00:38:56", "text": "improved in recent months and is"}, {"start": "00:38:54", "end": "00:38:58", "text": "pointing in a good direction."}, {"start": "00:38:56", "end": "00:39:01", "text": "Credit flows have been robust,"}, {"start": "00:38:58", "end": "00:39:03", "text": "particularly for businesses."}, {"start": "00:39:01", "end": "00:39:06", "text": "And as I said at the policy symposium in"}, {"start": "00:39:03", "end": "00:39:08", "text": "Jackson Hole, I would be hardpressed to"}, {"start": "00:39:06", "end": "00:39:13", "text": "describe broad financial conditions as"}, {"start": "00:39:08", "end": "00:39:16", "text": "restrictive. This view was widely shared"}, {"start": "00:39:13", "end": "00:39:18", "text": "by the committee. So we removed a dose"}, {"start": "00:39:16", "end": "00:39:20", "text": "of accommodation."}, {"start": "00:39:18", "end": "00:39:24", "text": "Consider the geopolitical landscape of"}, {"start": "00:39:20", "end": "00:39:26", "text": "shocks and uncertainty and you begin to"}, {"start": "00:39:24", "end": "00:39:28", "text": "appreciate the resilience of the US"}, {"start": "00:39:26", "end": "00:39:30", "text": "economy."}, {"start": "00:39:28", "end": "00:39:33", "text": "Given that resilience and the potential"}, {"start": "00:39:30", "end": "00:39:36", "text": "for even greater performance, an"}, {"start": "00:39:33", "end": "00:39:38", "text": "attitude of optimism is exactly what I"}, {"start": "00:39:36", "end": "00:39:40", "text": "heard inside the FOMC these last two"}, {"start": "00:39:38", "end": "00:39:43", "text": "days."}, {"start": "00:39:40", "end": "00:39:46", "text": "One basic sign of strength is the state"}, {"start": "00:39:43", "end": "00:39:49", "text": "of America's labor markets. The jobless"}, {"start": "00:39:46", "end": "00:39:50", "text": "the jobless rate remains low at around"}, {"start": "00:39:49", "end": "00:39:53", "text": "4.1%."}, {"start": "00:39:50", "end": "00:39:55", "text": "And both job openings and weekly hours"}, {"start": "00:39:53", "end": "00:39:58", "text": "have been increasing."}, {"start": "00:39:55", "end": "00:40:01", "text": "Unemployment claims on a 4-week moving"}, {"start": "00:39:58", "end": "00:40:04", "text": "average are running at levels consistent"}, {"start": "00:40:01", "end": "00:40:06", "text": "with full employment. So the labor side"}, {"start": "00:40:04", "end": "00:40:08", "text": "of the Fed's congressional remitt is in"}, {"start": "00:40:06", "end": "00:40:10", "text": "good shape."}, {"start": "00:40:08", "end": "00:40:14", "text": "Yet for more than five years, inflation"}, {"start": "00:40:10", "end": "00:40:16", "text": "has been running above target. So our"}, {"start": "00:40:14", "end": "00:40:19", "text": "predominant focus is on the price"}, {"start": "00:40:16", "end": "00:40:23", "text": "stability side of our mandate. The plain"}, {"start": "00:40:19", "end": "00:40:26", "text": "fact is that inflation is too high and"}, {"start": "00:40:23", "end": "00:40:29", "text": "has been for too long."}, {"start": "00:40:26", "end": "00:40:31", "text": "This summer's inflation readings do not"}, {"start": "00:40:29", "end": "00:40:34", "text": "tell me that underlying trends have"}, {"start": "00:40:31", "end": "00:40:37", "text": "meaningfully improved. Based on the most"}, {"start": "00:40:34", "end": "00:40:40", "text": "recent CPI and PPI data, the 12-month"}, {"start": "00:40:37", "end": "00:40:45", "text": "change in total PCE prices likely was"}, {"start": "00:40:40", "end": "00:40:49", "text": "around 3.6% in August. Core PCE and CPI"}, {"start": "00:40:45", "end": "00:40:51", "text": "prices running at about 3.2 and 2.4%"}, {"start": "00:40:49", "end": "00:40:54", "text": "respectively."}, {"start": "00:40:51", "end": "00:40:57", "text": "Too many categories are still posting"}, {"start": "00:40:54", "end": "00:41:00", "text": "increases above 3% on both a six and"}, {"start": "00:40:57", "end": "00:41:02", "text": "12-month basis."}, {"start": "00:41:00", "end": "00:41:06", "text": "I noted in Jackson Hole that overall"}, {"start": "00:41:02", "end": "00:41:08", "text": "commodity prices also bear watching and"}, {"start": "00:41:06", "end": "00:41:12", "text": "over the interming period the prices of"}, {"start": "00:41:08", "end": "00:41:14", "text": "many of these key inputs have risen."}, {"start": "00:41:12", "end": "00:41:17", "text": "Since my first FOMC meeting as chairman"}, {"start": "00:41:14", "end": "00:41:19", "text": "in June, my colleagues and I have been"}, {"start": "00:41:17", "end": "00:41:24", "text": "unequivocal in our commitment to price"}, {"start": "00:41:19", "end": "00:41:27", "text": "stability and to our 2% PCE inflation"}, {"start": "00:41:24", "end": "00:41:30", "text": "objective. At our July meeting, we all"}, {"start": "00:41:27", "end": "00:41:32", "text": "agreed that inflation remained too high"}, {"start": "00:41:30", "end": "00:41:36", "text": "and we expressed our joint readiness to"}, {"start": "00:41:32", "end": "00:41:38", "text": "act as circumstances might require and a"}, {"start": "00:41:36", "end": "00:41:41", "text": "good majority of my colleagues and I"}, {"start": "00:41:38", "end": "00:41:43", "text": "thought the wiser course then would be"}, {"start": "00:41:41", "end": "00:41:46", "text": "to await new information in the"}, {"start": "00:41:43", "end": "00:41:49", "text": "intermedating period. Last month in"}, {"start": "00:41:46", "end": "00:41:52", "text": "Wyoming, I expressed my commitment to a"}, {"start": "00:41:49", "end": "00:41:54", "text": "monetary policy discipline, not to a"}, {"start": "00:41:52", "end": "00:41:57", "text": "decision. I define the standard for"}, {"start": "00:41:54", "end": "00:42:00", "text": "action. We must be confident that"}, {"start": "00:41:57", "end": "00:42:03", "text": "underlying inflation is moving to our"}, {"start": "00:42:00", "end": "00:42:05", "text": "objective clearly and at sufficient"}, {"start": "00:42:03", "end": "00:42:08", "text": "speed."}, {"start": "00:42:05", "end": "00:42:11", "text": "Today, the FOMC decided that this"}, {"start": "00:42:08", "end": "00:42:14", "text": "standard has not been satisfied."}, {"start": "00:42:11", "end": "00:42:16", "text": ">> The committee's unanimous vote shows our"}, {"start": "00:42:14", "end": "00:42:18", "text": "resolve to achieve price stability on a"}, {"start": "00:42:16", "end": "00:42:20", "text": "timelier basis."}, {"start": "00:42:18", "end": "00:42:23", "text": "We aim to ensure that credit and"}, {"start": "00:42:20", "end": "00:42:26", "text": "financial conditions are consistent over"}, {"start": "00:42:23", "end": "00:42:28", "text": "time with our mandate. That relative"}, {"start": "00:42:26", "end": "00:42:30", "text": "price changes in some sectors of the"}, {"start": "00:42:28", "end": "00:42:33", "text": "economy do not broaden."}, {"start": "00:42:30", "end": "00:42:36", "text": ">> Oh, we don't inflation compensation in"}, {"start": "00:42:33", "end": "00:42:38", "text": "market prices stays low and that"}, {"start": "00:42:36", "end": "00:42:38", "text": "inflation expectations remain well"}, {"start": "00:42:38", "end": "00:42:40", "text": "anchored."}, {"start": "00:42:38", "end": "00:42:44", "text": ">> Do you have the chart on your screen?"}, {"start": "00:42:40", "end": "00:42:46", "text": ">> This afternoon received the sum"}, {"start": "00:42:44", "end": "00:42:49", "text": ">> this afternoon. You also received the"}, {"start": "00:42:46", "end": "00:42:50", "text": "summary of economic projections."}, {"start": "00:42:49", "end": "00:42:53", "text": "It reflects the views of my colleagues"}, {"start": "00:42:50", "end": "00:42:55", "text": "on the committee. But as in June, I've"}, {"start": "00:42:53", "end": "00:42:58", "text": "not offered a projection of my own. But"}, {"start": "00:42:55", "end": "00:42:59", "text": "like in June, I said I would faithfully"}, {"start": "00:42:58", "end": "00:43:02", "text": "discharge the summary of their"}, {"start": "00:42:59", "end": "00:43:04", "text": "projection. So here goes. In the"}, {"start": "00:43:02", "end": "00:43:09", "text": "summary's median projections, real GDP"}, {"start": "00:43:04", "end": "00:43:13", "text": "rises at 2.3% this year, 2.4% next year."}, {"start": "00:43:09", "end": "00:43:17", "text": "Total PC inflation runs at 3.7% this"}, {"start": "00:43:13", "end": "00:43:19", "text": "year and falls to 2.3% next year. The"}, {"start": "00:43:17", "end": "00:43:21", "text": "unemployment rate holds steady at about"}, {"start": "00:43:19", "end": "00:43:24", "text": "4.1%."}, {"start": "00:43:21", "end": "00:43:26", "text": "The median participant judges that the"}, {"start": "00:43:24", "end": "00:43:27", "text": "appropriate federal funds rate to be"}, {"start": "00:43:26", "end": "00:43:30", "text": "4.1%"}, {"start": "00:43:27", "end": "00:43:33", "text": "at the end of this year and to remain"}, {"start": "00:43:30", "end": "00:43:36", "text": "there next year. Inflation risks are to"}, {"start": "00:43:33", "end": "00:43:38", "text": "the upside while labor risks are roughly"}, {"start": "00:43:36", "end": "00:43:41", "text": "balanced."}, {"start": "00:43:38", "end": "00:43:44", "text": "In my meetings these last few weeks in"}, {"start": "00:43:41", "end": "00:43:47", "text": "Jackson Hole, in Asheville at the G20"}, {"start": "00:43:44", "end": "00:43:50", "text": "meeting which the US hosted and at a"}, {"start": "00:43:47", "end": "00:43:53", "text": "central bank conference in Basil, it was"}, {"start": "00:43:50", "end": "00:43:56", "text": "evident that most advanced economies are"}, {"start": "00:43:53", "end": "00:43:58", "text": "facing price pressures. Their central"}, {"start": "00:43:56", "end": "00:44:01", "text": "banks are making their own judgments"}, {"start": "00:43:58", "end": "00:44:03", "text": "consistent with their own remits. Our"}, {"start": "00:44:01", "end": "00:44:07", "text": "decision today reflects our best"}, {"start": "00:44:03", "end": "00:44:09", "text": "judgment in service to our remitt."}, {"start": "00:44:07", "end": "00:44:12", "text": "The Fed has a role in sustaining the"}, {"start": "00:44:09", "end": "00:44:14", "text": "economic progress happening in America"}, {"start": "00:44:12", "end": "00:44:17", "text": "right now and the rising opportunities"}, {"start": "00:44:14", "end": "00:44:19", "text": "that come with it."}, {"start": "00:44:17", "end": "00:44:23", "text": "Those who are least well off have the"}, {"start": "00:44:19", "end": "00:44:26", "text": "most to gain from a durable expansion, a"}, {"start": "00:44:23", "end": "00:44:29", "text": "solid labor market, and stable prices."}, {"start": "00:44:26", "end": "00:44:32", "text": "We at the Fed are unwavering in our"}, {"start": "00:44:29", "end": "00:44:35", "text": "vital and straightforward purpose, full"}, {"start": "00:44:32", "end": "00:44:37", "text": "employment and price stability, and a"}, {"start": "00:44:35", "end": "00:44:39", "text": "thriving American economy that sets the"}, {"start": "00:44:37", "end": "00:44:42", "text": "standard for the world. And with that,"}, {"start": "00:44:39", "end": "00:44:45", "text": "I'll take a few of your questions."}, {"start": "00:44:42", "end": "00:44:47", "text": ">> Okay. Okay. We've made it through the"}, {"start": "00:44:45", "end": "00:44:49", "text": "guts of this. Very"}, {"start": "00:44:47", "end": "00:44:53", "text": ">> sure. Thank you for doing this. Um, I'm"}, {"start": "00:44:49", "end": "00:44:56", "text": "Richard Escobido with CBS. Um, let me"}, {"start": "00:44:53", "end": "00:44:57", "text": "navigate over my questions. Um, you"}, {"start": "00:44:56", "end": "00:44:59", "text": "know, a quarter point rate hike does not"}, {"start": "00:44:57", "end": "00:45:01", "text": "reopen the straight of poor moves. Um,"}, {"start": "00:44:59", "end": "00:45:03", "text": "and so I wonder how you think these"}, {"start": "00:45:01", "end": "00:45:05", "text": "smaller rate hikes will be effective"}, {"start": "00:45:03", "end": "00:45:07", "text": "when it can't necessarily address the"}, {"start": "00:45:05", "end": "00:45:10", "text": "energy supply side of inflationary"}, {"start": "00:45:07", "end": "00:45:13", "text": "pressures. It's a it's a good question."}, {"start": "00:45:10", "end": "00:45:15", "text": "Uh, Richard, we cannot affect any"}, {"start": "00:45:13", "end": "00:45:17", "text": "individual price, whether it be oil"}, {"start": "00:45:15", "end": "00:45:19", "text": "prices, whether it be food stuffs at the"}, {"start": "00:45:17", "end": "00:45:22", "text": "grocery store. But what we can do and"}, {"start": "00:45:19", "end": "00:45:25", "text": "will do is ensure that any change in"}, {"start": "00:45:22", "end": "00:45:27", "text": "relative prices don't broaden out, don't"}, {"start": "00:45:25", "end": "00:45:29", "text": "have second and third order effects in"}, {"start": "00:45:27", "end": "00:45:32", "text": "the economy. That's what we're tasked to"}, {"start": "00:45:29", "end": "00:45:33", "text": "do and that's what we will do."}, {"start": "00:45:32", "end": "00:45:36", "text": ">> Colobby,"}, {"start": "00:45:33", "end": "00:45:37", "text": ">> this is wild."}, {"start": "00:45:36", "end": "00:45:39", "text": ">> Thank you. Colobby Smith in the New York"}, {"start": "00:45:37", "end": "00:45:41", "text": "Times. When the Fed starts raising"}, {"start": "00:45:39", "end": "00:45:43", "text": "rates, it generally follows with a"}, {"start": "00:45:41", "end": "00:45:46", "text": "sequence of hikes. Is there anything"}, {"start": "00:45:43", "end": "00:45:47", "text": "different in today's assessment of the"}, {"start": "00:45:46", "end": "00:45:50", "text": "economic conditions that would suggest"}, {"start": "00:45:47", "end": "00:45:53", "text": "that the typical pattern does not apply?"}, {"start": "00:45:50", "end": "00:45:54", "text": "And I guess second to that, what impact"}, {"start": "00:45:53", "end": "00:45:56", "text": "do you expect higher rates to have at"}, {"start": "00:45:54", "end": "00:45:57", "text": "this juncture if the bulk of what is"}, {"start": "00:45:56", "end": "00:45:59", "text": "keeping inflation elevated is stemming"}, {"start": "00:45:57", "end": "00:46:00", "text": "from supply shocks?"}, {"start": "00:45:59", "end": "00:46:02", "text": ">> So, we're trying to get to more people."}, {"start": "00:46:00", "end": "00:46:05", "text": "So, I get to cherrypick my preferred"}, {"start": "00:46:02", "end": "00:46:06", "text": "question from you, Colby. Um, this won't"}, {"start": "00:46:05", "end": "00:46:08", "text": "surprise you. I'm not in the forward"}, {"start": "00:46:06", "end": "00:46:11", "text": "guidance business. The decision we made"}, {"start": "00:46:08", "end": "00:46:14", "text": "today was a sober decision, serious"}, {"start": "00:46:11", "end": "00:46:16", "text": "decision, responsible decision, one that"}, {"start": "00:46:14", "end": "00:46:20", "text": "we have been preparing for and thinking"}, {"start": "00:46:16", "end": "00:46:22", "text": "about in my 110 or 20 days here. Uh you"}, {"start": "00:46:20", "end": "00:46:25", "text": "heard from other people in the dots"}, {"start": "00:46:22", "end": "00:46:27", "text": "effectively what their forecasts are. Uh"}, {"start": "00:46:25", "end": "00:46:30", "text": "I'm not going to prejudge any future"}, {"start": "00:46:27", "end": "00:46:31", "text": "decisions we make. Uh you might have"}, {"start": "00:46:30", "end": "00:46:33", "text": "heard me say in Jackson Hole, I"}, {"start": "00:46:31", "end": "00:46:36", "text": "committed to a discipline, a set of"}, {"start": "00:46:33", "end": "00:46:38", "text": "principles. I committed to look outside"}, {"start": "00:46:36", "end": "00:46:40", "text": "the window and see what I can observe."}, {"start": "00:46:38", "end": "00:46:43", "text": "Uh that's what I did in Jackson. That's"}, {"start": "00:46:40", "end": "00:46:43", "text": "what we did today."}, {"start": "00:46:43", "end": "00:46:45", "text": ">> Edward"}, {"start": "00:46:43", "end": "00:46:47", "text": ">> holding on to price great right now."}, {"start": "00:46:45", "end": "00:46:49", "text": ">> Thank you, Mr. Chairman. Edward Lawrence"}, {"start": "00:46:47", "end": "00:46:51", "text": "from Fox Business. Um so the market"}, {"start": "00:46:49", "end": "00:46:54", "text": "priced in a 90% chance of a rate hike"}, {"start": "00:46:51", "end": "00:46:57", "text": "today. You don't want the Fed to lead"}, {"start": "00:46:54", "end": "00:46:59", "text": "the markets. Was this a marketled rate"}, {"start": "00:46:57", "end": "00:47:00", "text": "hike and then with that the bond yields"}, {"start": "00:46:59", "end": "00:47:02", "text": "are going up? That's one of the"}, {"start": "00:47:00", "end": "00:47:06", "text": "indicators. Um is debt part of that"}, {"start": "00:47:02", "end": "00:47:09", "text": "issue? So, um, I've said this before,"}, {"start": "00:47:06", "end": "00:47:11", "text": "I'll repeat it. Uh, the Fed has an"}, {"start": "00:47:09", "end": "00:47:15", "text": "enormous amount of power. These are"}, {"start": "00:47:11", "end": "00:47:17", "text": "decisions we make. But getting the"}, {"start": "00:47:15", "end": "00:47:19", "text": "understanding right between financial"}, {"start": "00:47:17", "end": "00:47:20", "text": "markets and the Fed is a balance that"}, {"start": "00:47:19", "end": "00:47:22", "text": "I've long thought could be better"}, {"start": "00:47:20", "end": "00:47:24", "text": "struck. We made this decision today"}, {"start": "00:47:22", "end": "00:47:28", "text": "based on our assessment of the"}, {"start": "00:47:24", "end": "00:47:30", "text": "situation, based on our assessment of uh"}, {"start": "00:47:28", "end": "00:47:32", "text": "the trajectory for employment, based on"}, {"start": "00:47:30", "end": "00:47:36", "text": "our judgment on the strength of the"}, {"start": "00:47:32", "end": "00:47:38", "text": "economy. Uh sometimes the market uh uh"}, {"start": "00:47:36", "end": "00:47:41", "text": "tries to prejudge our outcomes. I'll"}, {"start": "00:47:38", "end": "00:47:43", "text": "observe market prices and uh and see"}, {"start": "00:47:41", "end": "00:47:45", "text": "what they have to say, but today was our"}, {"start": "00:47:43", "end": "00:47:47", "text": "decision."}, {"start": "00:47:45", "end": "00:47:51", "text": ">> Steve Thompson, Washington."}, {"start": "00:47:47", "end": "00:47:51", "text": ">> It's kind of flexing there."}, {"start": "00:47:53", "end": "00:47:56", "text": ">> Elizabeth,"}, {"start": "00:47:57", "end": "00:48:01", "text": ">> thanks so much. Elizabeth Schelsey with"}, {"start": "00:47:59", "end": "00:48:02", "text": "ABC News. big picture. I wonder if you"}, {"start": "00:48:01", "end": "00:48:04", "text": "could tell us just what will this move"}, {"start": "00:48:02", "end": "00:48:07", "text": "today actually do for American consumers"}, {"start": "00:48:04", "end": "00:48:08", "text": "and have to ask uh what is your message"}, {"start": "00:48:07", "end": "00:48:10", "text": "here to President Trump who has"}, {"start": "00:48:08", "end": "00:48:12", "text": "repeatedly called to cut interest rates,"}, {"start": "00:48:10", "end": "00:48:16", "text": "not raise them."}, {"start": "00:48:12", "end": "00:48:18", "text": ">> Um I've got nothing for you on uh on a"}, {"start": "00:48:16", "end": "00:48:20", "text": "discussion with the president. So, but I"}, {"start": "00:48:18", "end": "00:48:23", "text": "won't make that count as your question."}, {"start": "00:48:20", "end": "00:48:26", "text": "Um on the American people, as I said in"}, {"start": "00:48:23", "end": "00:48:28", "text": "my prepared remarks, the least welloff"}, {"start": "00:48:26", "end": "00:48:31", "text": "are the ones with the most to gain from"}, {"start": "00:48:28", "end": "00:48:34", "text": "stable prices. decision we made today"}, {"start": "00:48:31", "end": "00:48:36", "text": "was the right decision to deliver on the"}, {"start": "00:48:34", "end": "00:48:39", "text": "remmit that Congress gave us to ensure"}, {"start": "00:48:36", "end": "00:48:41", "text": "stable prices. Moreover, I would say"}, {"start": "00:48:39", "end": "00:48:43", "text": "because of the underlying strength of"}, {"start": "00:48:41", "end": "00:48:46", "text": "the economy because we are, as I"}, {"start": "00:48:43", "end": "00:48:48", "text": "mentioned, uh largely acting consistent"}, {"start": "00:48:46", "end": "00:48:50", "text": "with full employment, we can be focused"}, {"start": "00:48:48", "end": "00:48:53", "text": "on stable prices. Some months ago, I"}, {"start": "00:48:50", "end": "00:48:56", "text": "said we will deliver stable prices."}, {"start": "00:48:53", "end": "00:48:59", "text": "Today's action is consistent with that."}, {"start": "00:48:56", "end": "00:48:59", "text": ">> Chris"}, {"start": "00:49:00", "end": "00:49:04", "text": "Hi, how are you? Uh, thank you. Um, can"}, {"start": "00:49:03", "end": "00:49:07", "text": "you tell us a little more about what"}, {"start": "00:49:04", "end": "00:49:10", "text": "changed from the July meeting uh when as"}, {"start": "00:49:07", "end": "00:49:12", "text": "you noted the Fed did stand pat until"}, {"start": "00:49:10", "end": "00:49:14", "text": "today? And as part of that, could you"}, {"start": "00:49:12", "end": "00:49:17", "text": "give us uh a sense of whether or not"}, {"start": "00:49:14", "end": "00:49:18", "text": "like the retail sales report today uh"}, {"start": "00:49:17", "end": "00:49:21", "text": "suggested that demand is heating up and"}, {"start": "00:49:18", "end": "00:49:22", "text": "and possibly threatening uh higher"}, {"start": "00:49:21", "end": "00:49:24", "text": "prices as well? Thank you."}, {"start": "00:49:22", "end": "00:49:27", "text": ">> Yeah. So, as you might know, I'm not a"}, {"start": "00:49:24", "end": "00:49:30", "text": "data point dependent guy. Um, so I won't"}, {"start": "00:49:27", "end": "00:49:32", "text": "I won't react one way or another to data"}, {"start": "00:49:30", "end": "00:49:33", "text": "that that shows up on on our door."}, {"start": "00:49:32", "end": "00:49:34", "text": ">> What are you then, buddy?"}, {"start": "00:49:33", "end": "00:49:37", "text": ">> But on your first question, I think the"}, {"start": "00:49:34", "end": "00:49:39", "text": "more important one, what transpired in"}, {"start": "00:49:37", "end": "00:49:41", "text": "the seven weeks since we last met."}, {"start": "00:49:39", "end": "00:49:43", "text": ">> First, I would say a good majority of my"}, {"start": "00:49:41", "end": "00:49:45", "text": "colleagues seven weeks ago thought seven"}, {"start": "00:49:43", "end": "00:49:47", "text": "weeks is a good investment. It's a way"}, {"start": "00:49:45", "end": "00:49:49", "text": "to buy time so we can make a wise"}, {"start": "00:49:47", "end": "00:49:51", "text": "decision. I'll highlight three things"}, {"start": "00:49:49", "end": "00:49:54", "text": "that have happened in that interme"}, {"start": "00:49:51", "end": "00:49:56", "text": "period. One is um I may have had a"}, {"start": "00:49:54", "end": "00:49:58", "text": "judgment seven weeks ago about the"}, {"start": "00:49:56", "end": "00:50:00", "text": "strength of the economy. There's been a"}, {"start": "00:49:58", "end": "00:50:02", "text": "pretty wide-ranging set of data"}, {"start": "00:50:00", "end": "00:50:04", "text": "including the labor markets that the"}, {"start": "00:50:02", "end": "00:50:05", "text": "economy has strengthened. You might have"}, {"start": "00:50:04", "end": "00:50:08", "text": "heard me say that in Jackson Hole a few"}, {"start": "00:50:05", "end": "00:50:11", "text": "weeks ago. It's a judgment that I have"}, {"start": "00:50:08", "end": "00:50:14", "text": "and the committee has. Uh second,"}, {"start": "00:50:11", "end": "00:50:17", "text": "inflation trends. Uh I said in Jackson"}, {"start": "00:50:14", "end": "00:50:19", "text": "Hole, trends matter. I said in Jackson"}, {"start": "00:50:17", "end": "00:50:22", "text": "Hole, we need to look outside the window"}, {"start": "00:50:19", "end": "00:50:24", "text": "and interrogate reality. Um, my judgment"}, {"start": "00:50:22", "end": "00:50:28", "text": "some weeks ago was the inflation summer"}, {"start": "00:50:24", "end": "00:50:30", "text": "trends weren't passing the test. I've"}, {"start": "00:50:28", "end": "00:50:31", "text": "seen very little information since that"}, {"start": "00:50:30", "end": "00:50:34", "text": "would make me reverse that decision. So,"}, {"start": "00:50:31", "end": "00:50:35", "text": "I've stuck with it. And the third thing"}, {"start": "00:50:34", "end": "00:50:38", "text": "that's changed in seven weeks are"}, {"start": "00:50:35", "end": "00:50:41", "text": "geopolitics. And there's no hiding from"}, {"start": "00:50:38", "end": "00:50:43", "text": "hot spots around the world. And uh our"}, {"start": "00:50:41", "end": "00:50:45", "text": "judgment about what is the most likely"}, {"start": "00:50:43", "end": "00:50:47", "text": "or least likely of the geopolitical"}, {"start": "00:50:45", "end": "00:50:50", "text": "situation has changed. All three of"}, {"start": "00:50:47", "end": "00:50:54", "text": "those things led lend themselves to a a"}, {"start": "00:50:50", "end": "00:50:56", "text": "firm unanimous decision today."}, {"start": "00:50:54", "end": "00:50:57", "text": ">> If you don't use data, what are you?"}, {"start": "00:50:56", "end": "00:50:58", "text": "That's a great"}, {"start": "00:50:57", "end": "00:51:01", "text": ">> That's what I'm saying."}, {"start": "00:50:58", "end": "00:51:03", "text": ">> As you know, I don't rely on the data."}, {"start": "00:51:01", "end": "00:51:04", "text": ">> You said today's decision removes the"}, {"start": "00:51:03", "end": "00:51:06", "text": "accommodation."}, {"start": "00:51:04", "end": "00:51:08", "text": ">> In your view and perhaps"}, {"start": "00:51:06", "end": "00:51:10", "text": ">> on his father-in-law's interest on the"}, {"start": "00:51:08", "end": "00:51:12", "text": "table, too."}, {"start": "00:51:10", "end": "00:51:14", "text": ">> Are interest rates now at a level that"}, {"start": "00:51:12", "end": "00:51:16", "text": "you would describe as restrictive or"}, {"start": "00:51:14", "end": "00:51:18", "text": "not? Thank you."}, {"start": "00:51:16", "end": "00:51:20", "text": "Uh"}, {"start": "00:51:18", "end": "00:51:22", "text": "I've described previously I found it"}, {"start": "00:51:20", "end": "00:51:24", "text": "difficult to describe financial"}, {"start": "00:51:22", "end": "00:51:26", "text": "conditions as restrictive. I think I"}, {"start": "00:51:24", "end": "00:51:29", "text": "said I was hardpressed. What I heard"}, {"start": "00:51:26", "end": "00:51:31", "text": "around the table in the last couple of"}, {"start": "00:51:29", "end": "00:51:34", "text": "days is my colleagues were hardpressed"}, {"start": "00:51:31", "end": "00:51:38", "text": "to describe it that way too. Um we"}, {"start": "00:51:34", "end": "00:51:40", "text": "removed a dose of accommodation"}, {"start": "00:51:38", "end": "00:51:41", "text": "so that financial and credit conditions"}, {"start": "00:51:40", "end": "00:51:43", "text": "would be more consistent with our"}, {"start": "00:51:41", "end": "00:51:46", "text": "ultimate objectives. That was the"}, {"start": "00:51:43", "end": "00:51:47", "text": "decision. That was our judgment. and uh"}, {"start": "00:51:46", "end": "00:51:50", "text": "we'll continue to evaluate that"}, {"start": "00:51:47", "end": "00:51:52", "text": "prospectively."}, {"start": "00:51:50", "end": "00:51:53", "text": ">> He probably operates off vibes like"}, {"start": "00:51:52", "end": "00:51:56", "text": "estee louder vibes."}, {"start": "00:51:53", "end": "00:51:57", "text": ">> Thank you Steve there. I"}, {"start": "00:51:56", "end": "00:52:00", "text": ">> I want to follow up on that question."}, {"start": "00:51:57", "end": "00:52:02", "text": "Um, previously"}, {"start": "00:52:00", "end": "00:52:05", "text": "most Fed officials had described the"}, {"start": "00:52:02", "end": "00:52:07", "text": "rate as modestly restrictive and if you"}, {"start": "00:52:05", "end": "00:52:10", "text": "removed accommodation, could you give us"}, {"start": "00:52:07", "end": "00:52:13", "text": "your sense of where the Fed funds rate"}, {"start": "00:52:10", "end": "00:52:15", "text": "is relative to neutral and some detail"}, {"start": "00:52:13", "end": "00:52:17", "text": "if you wouldn't mind on your sense of is"}, {"start": "00:52:15", "end": "00:52:18", "text": "there a short-term neutral rate you're"}, {"start": "00:52:17", "end": "00:52:20", "text": "aiming for and a longer term neutral"}, {"start": "00:52:18", "end": "00:52:24", "text": "rate. Do you think in terms of those?"}, {"start": "00:52:20", "end": "00:52:27", "text": ">> Uh, in a word, no. Um, in a few words,"}, {"start": "00:52:24", "end": "00:52:30", "text": "I'd say this. Um, I've always been"}, {"start": "00:52:27", "end": "00:52:32", "text": "interested in a neutral rate as an"}, {"start": "00:52:30", "end": "00:52:33", "text": "academic matter. Back when I learned"}, {"start": "00:52:32", "end": "00:52:36", "text": "economics, we used to think of it as a"}, {"start": "00:52:33", "end": "00:52:40", "text": "Wixelian rate. It's a real equilibrium"}, {"start": "00:52:36", "end": "00:52:42", "text": "rate. Um, it's useful academically. It's"}, {"start": "00:52:40", "end": "00:52:45", "text": "a it's a discussion to help us think"}, {"start": "00:52:42", "end": "00:52:47", "text": "about policy. Do I think it has any"}, {"start": "00:52:45", "end": "00:52:51", "text": "operational effect on decisions that we"}, {"start": "00:52:47", "end": "00:52:55", "text": "make today? No, I don't."}, {"start": "00:52:51", "end": "00:52:58", "text": ">> I got Kevin Oly."}, {"start": "00:52:55", "end": "00:52:59", "text": "Um, hi Victoria Guido with Politico. I"}, {"start": "00:52:58", "end": "00:53:01", "text": "wanted to ask, you've talked about how"}, {"start": "00:52:59", "end": "00:53:03", "text": "you don't like data dependence,"}, {"start": "00:53:01", "end": "00:53:05", "text": "including today. Um, but heading into"}, {"start": "00:53:03", "end": "00:53:08", "text": "this meeting, there was a ton of focus"}, {"start": "00:53:05", "end": "00:53:10", "text": "on the August CPI, and I'm wondering if"}, {"start": "00:53:08", "end": "00:53:12", "text": "you think that, um, that was appropriate"}, {"start": "00:53:10", "end": "00:53:14", "text": "on the part of markets or if you have"}, {"start": "00:53:12", "end": "00:53:16", "text": "learned anything about how you might"}, {"start": "00:53:14", "end": "00:53:21", "text": "approach communications going forward."}, {"start": "00:53:16", "end": "00:53:22", "text": "Um so market participants and reporters"}, {"start": "00:53:21", "end": "00:53:26", "text": "I think generally over the course of the"}, {"start": "00:53:22", "end": "00:53:29", "text": "last decade or so have grown accustomed"}, {"start": "00:53:26", "end": "00:53:33", "text": "to waiting somewhat breathlessly on a"}, {"start": "00:53:29", "end": "00:53:36", "text": "data point. Um that isn't my view. Um I"}, {"start": "00:53:33", "end": "00:53:38", "text": "was not waiting breathlessly on what any"}, {"start": "00:53:36", "end": "00:53:41", "text": "particular data was whether it was"}, {"start": "00:53:38", "end": "00:53:44", "text": "retail sales this morning or a CPI print"}, {"start": "00:53:41", "end": "00:53:48", "text": "last week. Um I'll just reiterate trends"}, {"start": "00:53:44", "end": "00:53:50", "text": "matter. Data points are noisy. Data"}, {"start": "00:53:48", "end": "00:53:53", "text": "point uh dependence is a dangerous"}, {"start": "00:53:50", "end": "00:53:56", "text": "preoccupation. It's not something uh"}, {"start": "00:53:53", "end": "00:53:58", "text": "that concerns me. Markets over time will"}, {"start": "00:53:56", "end": "00:54:01", "text": "come to understand how this Fed makes"}, {"start": "00:53:58", "end": "00:54:02", "text": "its decisions, what's relevant and not."}, {"start": "00:54:01", "end": "00:54:05", "text": "And I wouldn't want to editorialize that"}, {"start": "00:54:02", "end": "00:54:07", "text": "for them beyond it."}, {"start": "00:54:05", "end": "00:54:08", "text": ">> Zack,"}, {"start": "00:54:07", "end": "00:54:10", "text": "thanks for doing this, Mr. Chairman."}, {"start": "00:54:08", "end": "00:54:12", "text": "Zach Kashack, the Washington Examiner."}, {"start": "00:54:10", "end": "00:54:14", "text": "Um I'm just curious. A couple weeks ago,"}, {"start": "00:54:12", "end": "00:54:15", "text": "the president uh sent out a message"}, {"start": "00:54:14", "end": "00:54:17", "text": "essentially threatening to cut off trade"}, {"start": "00:54:15", "end": "00:54:19", "text": "to certain countries unless rates were"}, {"start": "00:54:17", "end": "00:54:20", "text": "lowered. Obviously, a unanimous decision"}, {"start": "00:54:19", "end": "00:54:22", "text": "to do the opposite. What would you say"}, {"start": "00:54:20", "end": "00:54:24", "text": "to investors who sort of believe this is"}, {"start": "00:54:22", "end": "00:54:26", "text": "another test of the Fed's independence?"}, {"start": "00:54:24", "end": "00:54:27", "text": "And then kind of when was the last time"}, {"start": "00:54:26", "end": "00:54:31", "text": "you spoke with the president? Do you"}, {"start": "00:54:27", "end": "00:54:33", "text": "anticipate a post decision meeting or"}, {"start": "00:54:31", "end": "00:54:36", "text": "you gave me a long menu from which to"}, {"start": "00:54:33", "end": "00:54:38", "text": "choose? They're all very tempting. Um I"}, {"start": "00:54:36", "end": "00:54:40", "text": "don't have anything for you on on"}, {"start": "00:54:38", "end": "00:54:41", "text": "discussions with the president. Um,"}, {"start": "00:54:40", "end": "00:54:43", "text": ">> no data questions,"}, {"start": "00:54:41", "end": "00:54:44", "text": ">> not a Wall Street newsletter."}, {"start": "00:54:43", "end": "00:54:46", "text": ">> No president question."}, {"start": "00:54:44", "end": "00:54:49", "text": ">> Part of the independence of the Federal"}, {"start": "00:54:46", "end": "00:54:51", "text": "Reserve is we stay in our lane."}, {"start": "00:54:49", "end": "00:54:53", "text": ">> Independence is a two-way street. We'll"}, {"start": "00:54:51", "end": "00:54:55", "text": "let people that do trade policy and"}, {"start": "00:54:53", "end": "00:54:57", "text": "fiscal policy stay in their lane, too."}, {"start": "00:54:55", "end": "00:54:59", "text": "That's how we can stand up here and call"}, {"start": "00:54:57", "end": "00:55:02", "text": "them the way we see them."}, {"start": "00:54:59", "end": "00:55:02", "text": ">> Brian,"}, {"start": "00:55:03", "end": "00:55:07", "text": ">> hi there, Brian Chung with NBC News. Uh"}, {"start": "00:55:05", "end": "00:55:08", "text": "just wondering if you could explain who"}, {"start": "00:55:07", "end": "00:55:10", "text": "is the least well-off and what does a"}, {"start": "00:55:08", "end": "00:55:12", "text": "rate hike do when those people might be"}, {"start": "00:55:10", "end": "00:55:14", "text": "pinched by higher mortgage rates, higher"}, {"start": "00:55:12", "end": "00:55:15", "text": "gas, higher grocery prices, and now"}, {"start": "00:55:14", "end": "00:55:16", "text": "broad higher rates."}, {"start": "00:55:15", "end": "00:55:19", "text": ">> Yeah, this is a good question."}, {"start": "00:55:16", "end": "00:55:21", "text": ">> Um it's a fair question. In the"}, {"start": "00:55:19", "end": "00:55:24", "text": "macroeconomics, we tend to look at"}, {"start": "00:55:21", "end": "00:55:27", "text": "aggregates around here. Aggregate GDP,"}, {"start": "00:55:24", "end": "00:55:29", "text": "overall labor market trends, the state"}, {"start": "00:55:27", "end": "00:55:31", "text": "of inflation. A lot of people in"}, {"start": "00:55:29", "end": "00:55:32", "text": "Washington spend a lot of time on"}, {"start": "00:55:31", "end": "00:55:35", "text": "distributional consequences and that's"}, {"start": "00:55:32", "end": "00:55:37", "text": "their job and their business. What I was"}, {"start": "00:55:35", "end": "00:55:39", "text": "referring to in the least welloff tend"}, {"start": "00:55:37", "end": "00:55:43", "text": "to be people that don't own financial"}, {"start": "00:55:39", "end": "00:55:44", "text": "assets. Call that a bit less than 50% of"}, {"start": "00:55:43", "end": "00:55:46", "text": "the country. They don't have equity in"}, {"start": "00:55:44", "end": "00:55:50", "text": "their home. They don't have equity in a"}, {"start": "00:55:46", "end": "00:55:52", "text": "401k plan. So they're living off their"}, {"start": "00:55:50", "end": "00:55:54", "text": "uh paycheck that comes every couple of"}, {"start": "00:55:52", "end": "00:55:56", "text": "weeks. The thing that we can do"}, {"start": "00:55:54", "end": "00:55:58", "text": "consistent with our mandate is two"}, {"start": "00:55:56", "end": "00:56:00", "text": "things. ask ourselves, is the country"}, {"start": "00:55:58", "end": "00:56:03", "text": "running more or less at full employment?"}, {"start": "00:56:00", "end": "00:56:04", "text": "And we've done that. Um, that doesn't"}, {"start": "00:56:03", "end": "00:56:06", "text": "mean that individuals aren't searching"}, {"start": "00:56:04", "end": "00:56:08", "text": "for a job, but in aggregate, we're"}, {"start": "00:56:06", "end": "00:56:10", "text": "running more or less at full employment."}, {"start": "00:56:08", "end": "00:56:12", "text": "If so, we can then look at the other"}, {"start": "00:56:10", "end": "00:56:15", "text": "side of the our mandate and let that be"}, {"start": "00:56:12", "end": "00:56:17", "text": "our focus. in stable prices, an"}, {"start": "00:56:15", "end": "00:56:20", "text": "environment where inflation is running"}, {"start": "00:56:17", "end": "00:56:22", "text": "consistent with our 2% objective offers"}, {"start": "00:56:20", "end": "00:56:25", "text": "good news because that way when they get"}, {"start": "00:56:22", "end": "00:56:27", "text": "their wages, they can head above water"}, {"start": "00:56:25", "end": "00:56:28", "text": "and deliver real take-home pay"}, {"start": "00:56:27", "end": "00:56:30", "text": "increases."}, {"start": "00:56:28", "end": "00:56:32", "text": ">> We don't have total responsibility for"}, {"start": "00:56:30", "end": "00:56:34", "text": "it. But we do have responsibility for"}, {"start": "00:56:32", "end": "00:56:36", "text": "stable prices. As I've said before,"}, {"start": "00:56:34", "end": "00:56:41", "text": "inflation is an a cho is a choice. And"}, {"start": "00:56:36", "end": "00:56:41", "text": "today we took a step in delivering it."}, {"start": "00:56:41", "end": "00:56:45", "text": ">> Thanks so much."}, {"start": "00:56:43", "end": "00:56:49", "text": "Yeah, sorry"}, {"start": "00:56:45", "end": "00:56:51", "text": "from France AFP. Are you looking at the"}, {"start": "00:56:49", "end": "00:56:53", "text": "other central banks and what do you"}, {"start": "00:56:51", "end": "00:56:56", "text": "think about the European central banks"}, {"start": "00:56:53", "end": "00:56:58", "text": "move? They hiked twice this year but not"}, {"start": "00:56:56", "end": "00:57:02", "text": "in a row. Thank you."}, {"start": "00:56:58", "end": "00:57:04", "text": ">> Um well uh I don't ask them to prejudge"}, {"start": "00:57:02", "end": "00:57:06", "text": "decisions that we're going to make. So I"}, {"start": "00:57:04", "end": "00:57:09", "text": "won't prejudge decisions that they make."}, {"start": "00:57:06", "end": "00:57:11", "text": "But I will say this. I've spent some"}, {"start": "00:57:09", "end": "00:57:13", "text": "time with uh foreign central bank"}, {"start": "00:57:11", "end": "00:57:14", "text": "counterparts. not just in the last 20"}, {"start": "00:57:13", "end": "00:57:16", "text": "years, but over the course of the last"}, {"start": "00:57:14", "end": "00:57:20", "text": "several weeks, as I mentioned in Jackson"}, {"start": "00:57:16", "end": "00:57:23", "text": "Hole, um at the G20 meeting we hosted in"}, {"start": "00:57:20", "end": "00:57:25", "text": "North Carolina and uh at a central bank"}, {"start": "00:57:23", "end": "00:57:27", "text": "meeting in Basil. What I heard around"}, {"start": "00:57:25", "end": "00:57:29", "text": "the table from most of the advanced"}, {"start": "00:57:27", "end": "00:57:32", "text": "economies is they're suffering from"}, {"start": "00:57:29", "end": "00:57:34", "text": "price pressures, too. They're making"}, {"start": "00:57:32", "end": "00:57:37", "text": "their own choices consistent with their"}, {"start": "00:57:34", "end": "00:57:40", "text": "remitt. Um it tells me a couple things."}, {"start": "00:57:37", "end": "00:57:42", "text": "One is when the Federal Reserve makes a"}, {"start": "00:57:40", "end": "00:57:44", "text": "policy choice, uh, it matters not just"}, {"start": "00:57:42", "end": "00:57:46", "text": "to the US economy, but it spills over to"}, {"start": "00:57:44", "end": "00:57:48", "text": "the rest of the world. To a lesser"}, {"start": "00:57:46", "end": "00:57:50", "text": "extent, that's true for them, too. When"}, {"start": "00:57:48", "end": "00:57:52", "text": "foreign central banks make decisions"}, {"start": "00:57:50", "end": "00:57:54", "text": "where they're confronted with higher"}, {"start": "00:57:52", "end": "00:57:58", "text": "prices and they choose, consistent with"}, {"start": "00:57:54", "end": "00:58:00", "text": "their remitt to uh raise rates, then"}, {"start": "00:57:58", "end": "00:58:02", "text": "they're helping to quash inflation in"}, {"start": "00:58:00", "end": "00:58:03", "text": "their countries and there's spillovers"}, {"start": "00:58:02", "end": "00:58:05", "text": "and spillbacks in both directions."}, {"start": "00:58:03", "end": "00:58:07", "text": "Beyond that, I won't opine on what other"}, {"start": "00:58:05", "end": "00:58:08", "text": "central banks may choose to do this week"}, {"start": "00:58:07", "end": "00:58:10", "text": "or beyond."}, {"start": "00:58:08", "end": "00:58:13", "text": ">> Yeah,"}, {"start": "00:58:10", "end": "00:58:14", "text": ">> they all get on the same page."}, {"start": "00:58:13", "end": "00:58:16", "text": ">> Yeah, I believe we invited the Wall"}, {"start": "00:58:14", "end": "00:58:18", "text": "Street Journal. Chairman Walsh, last"}, {"start": "00:58:16", "end": "00:58:20", "text": "fall you expressed concern that the Fed"}, {"start": "00:58:18", "end": "00:58:23", "text": "was about to make its quote sixth or"}, {"start": "00:58:20", "end": "00:58:25", "text": "seventh big mistake by deciding the"}, {"start": "00:58:23", "end": "00:58:27", "text": "economy was too strong to justify lower"}, {"start": "00:58:25", "end": "00:58:30", "text": "rates. Now, today you raised rates. Can"}, {"start": "00:58:27", "end": "00:58:33", "text": "you give some sense as to what changed"}, {"start": "00:58:30", "end": "00:58:35", "text": "your own assessment of the US economy"}, {"start": "00:58:33", "end": "00:58:37", "text": "between then and now?"}, {"start": "00:58:35", "end": "00:58:40", "text": ">> So I don't I don't remember the full"}, {"start": "00:58:37", "end": "00:58:43", "text": "context but I can tell you uh Nick about"}, {"start": "00:58:40", "end": "00:58:46", "text": "the state of growth. Now my suspicion"}, {"start": "00:58:43", "end": "00:58:49", "text": "110 or 20 days ago when I showed up was"}, {"start": "00:58:46", "end": "00:58:51", "text": "that the US economy was strengthening"}, {"start": "00:58:49", "end": "00:58:54", "text": "even over the last several weeks. I"}, {"start": "00:58:51", "end": "00:58:56", "text": "think we now have data broadly defined"}, {"start": "00:58:54", "end": "00:59:01", "text": "that says the economy has indeed"}, {"start": "00:58:56", "end": "00:59:04", "text": "strengthened. Um underlying growth is"}, {"start": "00:59:01", "end": "00:59:06", "text": "higher. Uh inflation is the problem."}, {"start": "00:59:04", "end": "00:59:09", "text": "Stable prices have been the problem for"}, {"start": "00:59:06", "end": "00:59:10", "text": "now more than five and a half years. So"}, {"start": "00:59:09", "end": "00:59:13", "text": "what the committee decided to do today"}, {"start": "00:59:10", "end": "00:59:16", "text": "was take an action to ensure a timelier"}, {"start": "00:59:13", "end": "00:59:18", "text": "return to our price stability objective."}, {"start": "00:59:16", "end": "00:59:20", "text": "Price stability is foundational to"}, {"start": "00:59:18", "end": "00:59:22", "text": "economic growth and I think we took an"}, {"start": "00:59:20", "end": "00:59:25", "text": "important step today to deliver it and"}, {"start": "00:59:22", "end": "00:59:27", "text": "we did it in part by removing uh the"}, {"start": "00:59:25", "end": "00:59:29", "text": "dose of accommodation that I that I"}, {"start": "00:59:27", "end": "00:59:32", "text": "mentioned before."}, {"start": "00:59:29", "end": "00:59:33", "text": ">> Neil Irwin's"}, {"start": "00:59:32", "end": "00:59:35", "text": "inflation is a choice."}, {"start": "00:59:33", "end": "00:59:37", "text": ">> Mr. Chairman, uh Neil Irwin with Axios."}, {"start": "00:59:35", "end": "00:59:38", "text": "Uh longerterm bond yields are up quite a"}, {"start": "00:59:37", "end": "00:59:40", "text": "bit over the last few months, especially"}, {"start": "00:59:38", "end": "00:59:41", "text": "the last few weeks. What do you believe"}, {"start": "00:59:40", "end": "00:59:43", "text": "the bond market is telling you,"}, {"start": "00:59:41", "end": "00:59:44", "text": "especially about the growth outlook, the"}, {"start": "00:59:43", "end": "00:59:46", "text": "neutral rate, uh, and what are the"}, {"start": "00:59:44", "end": "00:59:50", "text": "implications for monetary policy?"}, {"start": "00:59:46", "end": "00:59:52", "text": ">> Yeah. Um, let me speak to the history,"}, {"start": "00:59:50", "end": "00:59:54", "text": "what bond market prices do"}, {"start": "00:59:52", "end": "00:59:56", "text": "perspectively. I want to let them do"}, {"start": "00:59:54", "end": "00:59:58", "text": "their I want to let them uh te tell me"}, {"start": "00:59:56", "end": "01:00:01", "text": "any story they wish to. I want to try to"}, {"start": "00:59:58", "end": "01:00:04", "text": "interrogate that. But why did yields"}, {"start": "01:00:01", "end": "01:00:07", "text": "rise, let's say, since the last FOMC"}, {"start": "01:00:04", "end": "01:00:08", "text": "meeting till this? I'll give you three"}, {"start": "01:00:07", "end": "01:00:10", "text": "three reasons, but I would say these"}, {"start": "01:00:08", "end": "01:00:12", "text": "things tend to be overdetermined. This"}, {"start": "01:00:10", "end": "01:00:15", "text": "is a complicated set of things that are"}, {"start": "01:00:12", "end": "01:00:16", "text": "affecting the most important asset"}, {"start": "01:00:15", "end": "01:00:18", "text": "anywhere in the world, the 10-year"}, {"start": "01:00:16", "end": "01:00:21", "text": "Treasury. It's the risk-free asset upon"}, {"start": "01:00:18", "end": "01:00:24", "text": "which every price of virtually every"}, {"start": "01:00:21", "end": "01:00:26", "text": "asset in the world um is related to. So,"}, {"start": "01:00:24", "end": "01:00:28", "text": "I'll say three things. First is economic"}, {"start": "01:00:26", "end": "01:00:31", "text": "strength. I think part of the reason why"}, {"start": "01:00:28", "end": "01:00:34", "text": "we've seen over the course of 2026"}, {"start": "01:00:31", "end": "01:00:36", "text": "long-term yields go up is the economy is"}, {"start": "01:00:34", "end": "01:00:38", "text": "strengthened."}, {"start": "01:00:36", "end": "01:00:42", "text": "Second reason, competition for capital."}, {"start": "01:00:38", "end": "01:00:45", "text": "Um the surge in capital expenditures"}, {"start": "01:00:42", "end": "01:00:48", "text": "which I referenced in my remarks is real"}, {"start": "01:00:45", "end": "01:00:50", "text": "and the so-called hyperscalers are out"}, {"start": "01:00:48", "end": "01:00:52", "text": "in the market raising funding and so the"}, {"start": "01:00:50", "end": "01:00:54", "text": "competition for capital is real and I"}, {"start": "01:00:52", "end": "01:00:58", "text": "think it partly explains the increase in"}, {"start": "01:00:54", "end": "01:01:01", "text": "yields. The third is geopolitics. Um the"}, {"start": "01:00:58", "end": "01:01:05", "text": "situation hotspots around the world are"}, {"start": "01:01:01", "end": "01:01:08", "text": "driving long-term yields. Um, it's not"}, {"start": "01:01:05", "end": "01:01:11", "text": "simply spot prices of energy or spot"}, {"start": "01:01:08", "end": "01:01:13", "text": "prices for corn or soybeans or wheat,"}, {"start": "01:01:11", "end": "01:01:16", "text": "but it's the difference between those"}, {"start": "01:01:13", "end": "01:01:18", "text": "spot prices and so-called crack spreads."}, {"start": "01:01:16", "end": "01:01:21", "text": "What that means for products that find"}, {"start": "01:01:18", "end": "01:01:23", "text": "their way into uh stores uh across the"}, {"start": "01:01:21", "end": "01:01:24", "text": "country. So, I think those are the three"}, {"start": "01:01:23", "end": "01:01:28", "text": "leading explanations, but certainly not"}, {"start": "01:01:24", "end": "01:01:28", "text": "an exclusive list."}, {"start": "01:01:29", "end": "01:01:34", "text": ">> Michael McGee from Bloomberg Radio and"}, {"start": "01:01:31", "end": "01:01:36", "text": "Television. uh you said in Jackson Hole"}, {"start": "01:01:34", "end": "01:01:38", "text": "that uh you want to see inflation come"}, {"start": "01:01:36", "end": "01:01:41", "text": "down clearly and at sufficient speed"}, {"start": "01:01:38", "end": "01:01:43", "text": "which is a standard without necessarily"}, {"start": "01:01:41", "end": "01:01:47", "text": "a measurable threshold and the reason I"}, {"start": "01:01:43", "end": "01:01:49", "text": "ask is because uh today you say today's"}, {"start": "01:01:47", "end": "01:01:51", "text": "policy action will support a timelier"}, {"start": "01:01:49", "end": "01:01:53", "text": "return to the committee's 2% target and"}, {"start": "01:01:51", "end": "01:01:55", "text": "yet in the summary of economic"}, {"start": "01:01:53", "end": "01:01:58", "text": "projections the median pushes the 2%"}, {"start": "01:01:55", "end": "01:02:01", "text": "target achievement out to 2029 another"}, {"start": "01:01:58", "end": "01:02:02", "text": "two years and I'm wondering how you can"}, {"start": "01:02:01", "end": "01:02:05", "text": "square those two things."}, {"start": "01:02:02", "end": "01:02:07", "text": ">> Um, one easy way to square that, Mike,"}, {"start": "01:02:05", "end": "01:02:10", "text": "is those aren't my forecasts."}, {"start": "01:02:07", "end": "01:02:12", "text": ">> Um, those are the forecasts of my 18"}, {"start": "01:02:10", "end": "01:02:15", "text": "colleagues, and I tried to represent"}, {"start": "01:02:12", "end": "01:02:17", "text": "them dutifully to you. Um,"}, {"start": "01:02:15", "end": "01:02:21", "text": "my business is to not give forward"}, {"start": "01:02:17", "end": "01:02:24", "text": "guidance, but my commitment in June was"}, {"start": "01:02:21", "end": "01:02:26", "text": "to reaffirm to the American people, to"}, {"start": "01:02:24", "end": "01:02:29", "text": "anyone listening that we will deliver"}, {"start": "01:02:26", "end": "01:02:31", "text": "price stability. My commitment in July"}, {"start": "01:02:29", "end": "01:02:34", "text": "was to say we want to buy a little bit"}, {"start": "01:02:31", "end": "01:02:36", "text": "of time. We want to evaluate what's"}, {"start": "01:02:34", "end": "01:02:38", "text": "happening across a range of dimensions."}, {"start": "01:02:36", "end": "01:02:39", "text": "And what I said in Jackson Hole in"}, {"start": "01:02:38", "end": "01:02:42", "text": "August is we're committed to a"}, {"start": "01:02:39", "end": "01:02:46", "text": "discipline, not to a decision. Today's"}, {"start": "01:02:42", "end": "01:02:49", "text": "action uh starts to show we're serious"}, {"start": "01:02:46", "end": "01:02:51", "text": "about this and we will deliver on the"}, {"start": "01:02:49", "end": "01:02:53", "text": "price stability objective. And as the"}, {"start": "01:02:51", "end": "01:02:57", "text": "statement said, we'll do it on a on a"}, {"start": "01:02:53", "end": "01:03:01", "text": "timelier basis. That's our decision. And"}, {"start": "01:02:57", "end": "01:03:02", "text": "uh uh uh when we continue our"}, {"start": "01:03:01", "end": "01:03:04", "text": "discussions over the course of the next"}, {"start": "01:03:02", "end": "01:03:05", "text": "several weeks and months, we'll have"}, {"start": "01:03:04", "end": "01:03:07", "text": "more to say about it, but I'm"}, {"start": "01:03:05", "end": "01:03:09", "text": "illprepared to prejudge those future"}, {"start": "01:03:07", "end": "01:03:10", "text": "actions."}, {"start": "01:03:09", "end": "01:03:13", "text": ">> Matt from CN"}, {"start": "01:03:10", "end": "01:03:16", "text": ">> and tenure is screaming."}, {"start": "01:03:13", "end": "01:03:18", "text": ">> Thanks, Chairman Walsh. Matt, CNN,"}, {"start": "01:03:16", "end": "01:03:20", "text": ">> you've spoken in the past about the"}, {"start": "01:03:18", "end": "01:03:22", "text": "positives that could come from"}, {"start": "01:03:20", "end": "01:03:25", "text": "widespread adoption of artificial"}, {"start": "01:03:22", "end": "01:03:26", "text": "intelligence. How concerned are you, if"}, {"start": "01:03:25", "end": "01:03:29", "text": "at all, about these increasingly"}, {"start": "01:03:26", "end": "01:03:31", "text": "alarming warnings we've heard from AI"}, {"start": "01:03:29", "end": "01:03:34", "text": "leaders about losing control of this"}, {"start": "01:03:31", "end": "01:03:35", "text": "powerful technology and doing real world"}, {"start": "01:03:34", "end": "01:03:37", "text": "damage, damage that would presumably"}, {"start": "01:03:35", "end": "01:03:40", "text": "impact the real economy."}, {"start": "01:03:37", "end": "01:03:42", "text": ">> So, I've spent a lot of time uh thinking"}, {"start": "01:03:40", "end": "01:03:44", "text": "about AI and before I found my way to"}, {"start": "01:03:42", "end": "01:03:48", "text": "this post, I spent a lot of time talking"}, {"start": "01:03:44", "end": "01:03:49", "text": "about it publicly. Um, independence of"}, {"start": "01:03:48", "end": "01:03:53", "text": "the Federal Reserve is about staying in"}, {"start": "01:03:49", "end": "01:03:55", "text": "our lane. We care very much about what's"}, {"start": "01:03:53", "end": "01:03:57", "text": "happening in artificial intelligence. We"}, {"start": "01:03:55", "end": "01:03:59", "text": "care much about the implications on the"}, {"start": "01:03:57", "end": "01:04:01", "text": "demand side of the economy and"}, {"start": "01:03:59", "end": "01:04:03", "text": "ultimately on the supply side of the"}, {"start": "01:04:01", "end": "01:04:06", "text": "economy. I care so much I think it's so"}, {"start": "01:04:03", "end": "01:04:08", "text": "important that we establish a task force"}, {"start": "01:04:06", "end": "01:04:09", "text": "that should report by the end of the"}, {"start": "01:04:08", "end": "01:04:11", "text": "year to help us think about the"}, {"start": "01:04:09", "end": "01:04:12", "text": "implications for our future policy"}, {"start": "01:04:11", "end": "01:04:16", "text": "conjuncture."}, {"start": "01:04:12", "end": "01:04:18", "text": "But the policy decisions that are made"}, {"start": "01:04:16", "end": "01:04:20", "text": "about the risks and rewards, the"}, {"start": "01:04:18", "end": "01:04:21", "text": "challenges and opportunities, those are"}, {"start": "01:04:20", "end": "01:04:23", "text": "decisions made by other parts of the"}, {"start": "01:04:21", "end": "01:04:25", "text": "government. I'm going to leave it to"}, {"start": "01:04:23", "end": "01:04:27", "text": "them to make those th those political"}, {"start": "01:04:25", "end": "01:04:28", "text": "decisions, those policy decisions. The"}, {"start": "01:04:27", "end": "01:04:30", "text": "implications those decisions obviously"}, {"start": "01:04:28", "end": "01:04:32", "text": "have some bearing on our day job and"}, {"start": "01:04:30", "end": "01:04:34", "text": "that's where we'll be focused."}, {"start": "01:04:32", "end": "01:04:36", "text": ">> For the last question, we'll go to"}, {"start": "01:04:34", "end": "01:04:38", "text": "Jennifer Shawnberger"}, {"start": "01:04:36", "end": "01:04:41", "text": ">> task force. There it is. Yep. Exactly."}, {"start": "01:04:38", "end": "01:04:42", "text": "Daniel,"}, {"start": "01:04:41", "end": "01:04:44", "text": ">> thank you, Mr. Chairman. Jennifer"}, {"start": "01:04:42", "end": "01:04:46", "text": "Shanburgger with Yahoo Finance."}, {"start": "01:04:44", "end": "01:04:48", "text": "Inflation has run up mostly from higher"}, {"start": "01:04:46", "end": "01:04:50", "text": "energy prices and tariffs, which some"}, {"start": "01:04:48", "end": "01:04:53", "text": "say are supply shocks that rate hikes"}, {"start": "01:04:50", "end": "01:04:55", "text": "cannot fix and should fain on their own"}, {"start": "01:04:53", "end": "01:04:57", "text": "so long as inflation expectations stay"}, {"start": "01:04:55", "end": "01:05:00", "text": "anchored. And now that you have hiked"}, {"start": "01:04:57", "end": "01:05:03", "text": "rates, do you need to push growth below"}, {"start": "01:05:00", "end": "01:05:05", "text": "potential unintentionally pushing"}, {"start": "01:05:03", "end": "01:05:07", "text": "weakness on the job market to bring"}, {"start": "01:05:05", "end": "01:05:09", "text": "inflation down? and how do those"}, {"start": "01:05:07", "end": "01:05:11", "text": "dynamics play out given the forcefulness"}, {"start": "01:05:09", "end": "01:05:12", "text": "with which AI is driving the economy"}, {"start": "01:05:11", "end": "01:05:14", "text": "right now?"}, {"start": "01:05:12", "end": "01:05:15", "text": ">> So there's a there's there's a lot"}, {"start": "01:05:14", "end": "01:05:20", "text": "there, Jennifer. Let me see if I can't"}, {"start": "01:05:15", "end": "01:05:23", "text": "do just a little bit of it. Um first,"}, {"start": "01:05:20", "end": "01:05:24", "text": "we believe that the unemployment rate is"}, {"start": "01:05:23", "end": "01:05:27", "text": "basically running consistent with full"}, {"start": "01:05:24", "end": "01:05:30", "text": "employment. Uh I don't believe that we"}, {"start": "01:05:27", "end": "01:05:32", "text": "need to do harm to the labor markets to"}, {"start": "01:05:30", "end": "01:05:35", "text": "achieve our objective. I don't believe"}, {"start": "01:05:32", "end": "01:05:37", "text": "that the two parts of our mandate price"}, {"start": "01:05:35", "end": "01:05:39", "text": "stability and full employment are"}, {"start": "01:05:37", "end": "01:05:44", "text": "working at cross purposes over the"}, {"start": "01:05:39", "end": "01:05:47", "text": "medium term. So economic growth that is"}, {"start": "01:05:44", "end": "01:05:50", "text": "uh ensuring continuous sustainable"}, {"start": "01:05:47", "end": "01:05:52", "text": "durable economic growth that's the"}, {"start": "01:05:50", "end": "01:05:55", "text": "business we're in and the job we did"}, {"start": "01:05:52", "end": "01:05:57", "text": "today the job we'll continue to do is to"}, {"start": "01:05:55", "end": "01:05:59", "text": "ensure price stability which can mean"}, {"start": "01:05:57", "end": "01:06:02", "text": "that sustainable durable economic growth"}, {"start": "01:05:59", "end": "01:06:05", "text": "can go on for longer the economy can be"}, {"start": "01:06:02", "end": "01:06:07", "text": "stronger and as I mentioned before the"}, {"start": "01:06:05", "end": "01:06:12", "text": "least welloff can get the benefits of it"}, {"start": "01:06:07", "end": "01:06:12", "text": ">> yields are up by 1.3% in 10 minutes."}, {"start": "01:06:12", "end": "01:06:16", "text": ">> Wow."}, {"start": "01:06:12", "end": "01:06:16", "text": ">> Should have long yields."}, {"start": "01:06:17", "end": "01:06:18", "text": ">> Absolutely crazy."}, {"start": "01:06:17", "end": "01:06:22", "text": ">> That was it."}, {"start": "01:06:18", "end": "01:06:25", "text": ">> Yeah, that's it. Oh my god, this is"}, {"start": "01:06:22", "end": "01:06:28", "text": "nuts, though. The yield is just"}, {"start": "01:06:25", "end": "01:06:30", "text": "skyrocketing right now. Uh I really"}, {"start": "01:06:28", "end": "01:06:32", "text": "don't want this prediction to come true."}, {"start": "01:06:30", "end": "01:06:34", "text": "I can't remember when I made this. Uh"}, {"start": "01:06:32", "end": "01:06:36", "text": "this is kind of concerning running into"}, {"start": "01:06:34", "end": "01:06:39", "text": "this. A whole another video. It's a"}, {"start": "01:06:36", "end": "01:06:43", "text": "whole another video. the yield screaming"}, {"start": "01:06:39", "end": "01:06:46", "text": "back up to 5% and is looking very very"}, {"start": "01:06:43", "end": "01:06:49", "text": "bullish trying to break this uh kind of"}, {"start": "01:06:46", "end": "01:06:51", "text": "local resistance point. Now, that was a"}, {"start": "01:06:49", "end": "01:06:54", "text": "little maddening, TJ. Not going to lie,"}, {"start": "01:06:51", "end": "01:06:56", "text": "I almost crashed out and ruined the show"}, {"start": "01:06:54", "end": "01:06:56", "text": "a lot because what? You're not a data"}, {"start": "01:06:56", "end": "01:06:58", "text": "guy? Yeah."}, {"start": "01:06:56", "end": "01:06:59", "text": ">> Who How in the hell can you say you're"}, {"start": "01:06:58", "end": "01:07:01", "text": "not a data guy and you're a federal"}, {"start": "01:06:59", "end": "01:07:03", "text": "group chair? Like, what does that mean?"}, {"start": "01:07:01", "end": "01:07:04", "text": ">> I I was just say that was the that was"}, {"start": "01:07:03", "end": "01:07:06", "text": "the line that got me too. like as you"}, {"start": "01:07:04", "end": "01:07:08", "text": "know I'm not really a data you know"}, {"start": "01:07:06", "end": "01:07:10", "text": "person. It's like well then what what"}, {"start": "01:07:08", "end": "01:07:12", "text": "are you then you know like if you're not"}, {"start": "01:07:10", "end": "01:07:14", "text": "but then he kept coming back to like oh"}, {"start": "01:07:12", "end": "01:07:16", "text": "well the data and the trends says this"}, {"start": "01:07:14", "end": "01:07:17", "text": "and it's like okay you know but"}, {"start": "01:07:16", "end": "01:07:18", "text": ">> so you just said you don't use it but"}, {"start": "01:07:17", "end": "01:07:19", "text": "then you're using it for this next"}, {"start": "01:07:18", "end": "01:07:21", "text": "answer and"}, {"start": "01:07:19", "end": "01:07:22", "text": ">> you're using it to justify yeah the"}, {"start": "01:07:21", "end": "01:07:24", "text": "answers to these questions you're just"}, {"start": "01:07:22", "end": "01:07:26", "text": "not using it to make your decision. So,"}, {"start": "01:07:24", "end": "01:07:29", "text": ">> right and inflation's a choice like yeah"}, {"start": "01:07:26", "end": "01:07:30", "text": "I mean you know there's a choice I mean"}, {"start": "01:07:29", "end": "01:07:32", "text": "I would agree with that it's it is a"}, {"start": "01:07:30", "end": "01:07:34", "text": "choice it's a choice we keep making you"}, {"start": "01:07:32", "end": "01:07:36", "text": "know it's like there it's a choice"}, {"start": "01:07:34", "end": "01:07:37", "text": "between fiscal responsibility or"}, {"start": "01:07:36", "end": "01:07:40", "text": "inflation and politicians choose"}, {"start": "01:07:37", "end": "01:07:41", "text": "inflation every single time you know"}, {"start": "01:07:40", "end": "01:07:43", "text": "Keynesian economics all that sort of"}, {"start": "01:07:41", "end": "01:07:45", "text": "stuff so yeah I mean this is kind of"}, {"start": "01:07:43", "end": "01:07:48", "text": "what I was getting at I don't it was all"}, {"start": "01:07:45", "end": "01:07:51", "text": "posturing there they also alluded to one"}, {"start": "01:07:48", "end": "01:07:53", "text": "more hike this year uh I my hope would"}, {"start": "01:07:51", "end": "01:07:55", "text": "be that the bears see that this has a"}, {"start": "01:07:53", "end": "01:07:59", "text": "neglig ible impact again you might get"}, {"start": "01:07:55", "end": "01:08:02", "text": "lucky if you get 70k again 72 74 I all"}, {"start": "01:07:59", "end": "01:08:06", "text": "that I can see but below 58 I do not see"}, {"start": "01:08:02", "end": "01:08:08", "text": "so um I think we continue to see rates"}, {"start": "01:08:06", "end": "01:08:10", "text": "going up we continue to see oil going up"}, {"start": "01:08:08", "end": "01:08:12", "text": "and that's when the big QE comes in you"}, {"start": "01:08:10", "end": "01:08:14", "text": "know you have to have this manufactured"}, {"start": "01:08:12", "end": "01:08:16", "text": "crisis you know the one thing that was"}, {"start": "01:08:14", "end": "01:08:18", "text": "interesting is they asked about what"}, {"start": "01:08:16", "end": "01:08:20", "text": "other pol you know financial policy is"}, {"start": "01:08:18", "end": "01:08:23", "text": "around the world you know there's we're"}, {"start": "01:08:20", "end": "01:08:24", "text": "experiencing some pressure but nothing"}, {"start": "01:08:23", "end": "01:08:26", "text": "like what the rest of the world is. I"}, {"start": "01:08:24", "end": "01:08:28", "text": "want to say the Turkeykey's tenure was"}, {"start": "01:08:26", "end": "01:08:31", "text": "up like 30 something%. Yeah. I mean,"}, {"start": "01:08:28", "end": "01:08:33", "text": "you're seeing currencies collapsing."}, {"start": "01:08:31", "end": "01:08:34", "text": "You're seeing a lot of financial"}, {"start": "01:08:33", "end": "01:08:36", "text": "pressure all around the world. You're"}, {"start": "01:08:34", "end": "01:08:40", "text": "going to see this. I think the energy"}, {"start": "01:08:36", "end": "01:08:43", "text": "crisis is what they're going to use as"}, {"start": "01:08:40", "end": "01:08:46", "text": "rocket fuel to uh perpetuate this next"}, {"start": "01:08:43", "end": "01:08:48", "text": "big money print. It's absolutely coming."}, {"start": "01:08:46", "end": "01:08:50", "text": "It's just a matter of it's a matter of"}, {"start": "01:08:48", "end": "01:08:52", "text": "when, not if. So you you know if you're"}, {"start": "01:08:50", "end": "01:08:54", "text": "positioned well. I mean he pretty much"}, {"start": "01:08:52", "end": "01:08:55", "text": "said it in there. If you have assets,"}, {"start": "01:08:54", "end": "01:08:57", "text": "you're going to be okay. If you don't"}, {"start": "01:08:55", "end": "01:08:59", "text": "have assets, you're in trouble. And you"}, {"start": "01:08:57", "end": "01:09:01", "text": "know, they come out and pretend they're"}, {"start": "01:08:59", "end": "01:09:02", "text": "doing these things to help people that"}, {"start": "01:09:01", "end": "01:09:04", "text": "don't have assets, but they're not. You"}, {"start": "01:09:02", "end": "01:09:06", "text": "know, you're basically they're setting"}, {"start": "01:09:04", "end": "01:09:08", "text": "up for another massive print just like"}, {"start": "01:09:06", "end": "01:09:11", "text": "they did in 2019. They printed like"}, {"start": "01:09:08", "end": "01:09:13", "text": "crazy 2020, 2021, and that's what gave"}, {"start": "01:09:11", "end": "01:09:14", "text": "us that huge bull run. You know, really"}, {"start": "01:09:13", "end": "01:09:17", "text": "all the way through 2022 was when the"}, {"start": "01:09:14", "end": "01:09:20", "text": "print came. So, it's setting up very"}, {"start": "01:09:17", "end": "01:09:22", "text": "well for high-risk assets to perform"}, {"start": "01:09:20", "end": "01:09:25", "text": "extremely well. This would, you know,"}, {"start": "01:09:22", "end": "01:09:27", "text": "mean Bitcoin. This would mean altcoins"}, {"start": "01:09:25", "end": "01:09:30", "text": "um you know, Bitcoin covers you on the"}, {"start": "01:09:27", "end": "01:09:33", "text": "depment trade. Altcoins covers you on"}, {"start": "01:09:30", "end": "01:09:34", "text": "your high-risk um you know, ride it to"}, {"start": "01:09:33", "end": "01:09:36", "text": "Valhalla kind of thing. All these"}, {"start": "01:09:34", "end": "01:09:38", "text": "altcoin charts we're looking at, it's"}, {"start": "01:09:36", "end": "01:09:40", "text": "the the stage is set. You know, now"}, {"start": "01:09:38", "end": "01:09:41", "text": "you've just got to let the board play"}, {"start": "01:09:40", "end": "01:09:42", "text": "out. And I really think that's the"}, {"start": "01:09:41", "end": "01:09:44", "text": "scenario that we're in right now. And"}, {"start": "01:09:42", "end": "01:09:46", "text": "for them to pretend that they don't talk"}, {"start": "01:09:44", "end": "01:09:48", "text": "to each other, for them to pretend that"}, {"start": "01:09:46", "end": "01:09:52", "text": "they don't coordinate this stuff is"}, {"start": "01:09:48", "end": "01:09:54", "text": "ridiculous and asinine. So, um, yeah,"}, {"start": "01:09:52", "end": "01:09:56", "text": "it's just a matter of time at this"}, {"start": "01:09:54", "end": "01:09:58", "text": "point. Um, but you know, if you're a"}, {"start": "01:09:56", "end": "01:10:01", "text": "bear,"}, {"start": "01:09:58", "end": "01:10:03", "text": "you know, yeah, if this guy here, sorry,"}, {"start": "01:10:01", "end": "01:10:06", "text": "sorry, you know, you can keep hoping,"}, {"start": "01:10:03", "end": "01:10:09", "text": "but you know, it's very unlikely at this"}, {"start": "01:10:06", "end": "01:10:12", "text": "point. Rate rates are not the end- all"}, {"start": "01:10:09", "end": "01:10:13", "text": "beall, somewhat overrated."}, {"start": "01:10:12", "end": "01:10:14", "text": "Yeah, I"}, {"start": "01:10:13", "end": "01:10:16", "text": ">> mean it matters, but"}, {"start": "01:10:14", "end": "01:10:18", "text": ">> I mean I don't understand how people are"}, {"start": "01:10:16", "end": "01:10:21", "text": "still in that scenario. I mean, we just"}, {"start": "01:10:18", "end": "01:10:24", "text": "went through like an ontime bare market."}, {"start": "01:10:21", "end": "01:10:26", "text": "So, you know, DCA season should be what"}, {"start": "01:10:24", "end": "01:10:28", "text": "we've been looking at since we lost 86K."}, {"start": "01:10:26", "end": "01:10:30", "text": "Honestly, that moving average when we"}, {"start": "01:10:28", "end": "01:10:32", "text": "were coming out of the bull market like"}, {"start": "01:10:30", "end": "01:10:35", "text": "that was when I flipped short,"}, {"start": "01:10:32", "end": "01:10:36", "text": ">> waited for around a 50% dump. And"}, {"start": "01:10:35", "end": "01:10:38", "text": ">> yeah, it might take a little time to get"}, {"start": "01:10:36", "end": "01:10:41", "text": "back above that. So you might you you"}, {"start": "01:10:38", "end": "01:10:44", "text": "know conceivably have a few you know a"}, {"start": "01:10:41", "end": "01:10:45", "text": "handful of months to be accumulating but"}, {"start": "01:10:44", "end": "01:10:47", "text": "you know looking for new lows is"}, {"start": "01:10:45", "end": "01:10:50", "text": "unlikely once you got that little W"}, {"start": "01:10:47", "end": "01:10:52", "text": "there or like that clear bottom you know"}, {"start": "01:10:50", "end": "01:10:53", "text": "again you've got some time we are still"}, {"start": "01:10:52", "end": "01:10:56", "text": "in accumulation zone don't get me wrong"}, {"start": "01:10:53", "end": "01:10:58", "text": "but yeah may retest 70K but probably not"}, {"start": "01:10:56", "end": "01:11:00", "text": "lower. I can get on board with that. I"}, {"start": "01:10:58", "end": "01:11:03", "text": "can get on board with low7s. We've been"}, {"start": "01:11:00", "end": "01:11:05", "text": "saying this for a while. Um you know you"}, {"start": "01:11:03", "end": "01:11:06", "text": "get some more oil spikes going up. you"}, {"start": "01:11:05", "end": "01:11:07", "text": "get some more other fin, you know,"}, {"start": "01:11:06", "end": "01:11:09", "text": "liquidity. Really, what this what we're"}, {"start": "01:11:07", "end": "01:11:11", "text": "seeing is liquidity crunch, which is"}, {"start": "01:11:09", "end": "01:11:13", "text": "what you need to print a lot of money,"}, {"start": "01:11:11", "end": "01:11:15", "text": "but then we're off off to the races. So,"}, {"start": "01:11:13", "end": "01:11:17", "text": ">> Mhm. Well, I think it's going to be a"}, {"start": "01:11:15", "end": "01:11:20", "text": "pretty exciting time. The thing that I"}, {"start": "01:11:17", "end": "01:11:23", "text": "actually need to do is go back test this"}, {"start": "01:11:20", "end": "01:11:24", "text": "prediction and that actually might be a"}, {"start": "01:11:23", "end": "01:11:26", "text": "video later on or I might put it out on"}, {"start": "01:11:24", "end": "01:11:29", "text": "X because this is bond stuff. This is"}, {"start": "01:11:26", "end": "01:11:31", "text": "macroeconomics. The problem here is that"}, {"start": "01:11:29", "end": "01:11:35", "text": "it's about to breach a resistance level"}, {"start": "01:11:31", "end": "01:11:38", "text": "that has been in place since 2006."}, {"start": "01:11:35", "end": "01:11:40", "text": "So, we might be doing some price"}, {"start": "01:11:38", "end": "01:11:41", "text": "exploration to the upside on yields."}, {"start": "01:11:40", "end": "01:11:43", "text": "I'll be checking that out. But, thank"}, {"start": "01:11:41", "end": "01:11:45", "text": "you for joining me on this show, TJ,"}, {"start": "01:11:43", "end": "01:11:47", "text": "watching SC of a lifetime. It's like, we"}, {"start": "01:11:45", "end": "01:11:49", "text": "have a strong and resilient economy. And"}, {"start": "01:11:47", "end": "01:11:51", "text": "then the person watching, it's like, I"}, {"start": "01:11:49", "end": "01:11:52", "text": "have to work three Uber jobs to eat and"}, {"start": "01:11:51", "end": "01:11:54", "text": "I got kicked out of my house because a"}, {"start": "01:11:52", "end": "01:11:56", "text": "data center kicked me out. And they're"}, {"start": "01:11:54", "end": "01:11:58", "text": "like, the economy is strong, you idiots."}, {"start": "01:11:56", "end": "01:11:58", "text": "It's just an incredible time to be"}, {"start": "01:11:58", "end": "01:12:00", "text": "alive. So,"}, {"start": "01:11:58", "end": "01:12:02", "text": ">> and life is good. Yeah. Keep keep"}, {"start": "01:12:00", "end": "01:12:04", "text": "grinding. But like I said, you know, get"}, {"start": "01:12:02", "end": "01:12:05", "text": "that cash flow coming in. Buy assets."}, {"start": "01:12:04", "end": "01:12:08", "text": "Those are your basically that's your"}, {"start": "01:12:05", "end": "01:12:10", "text": "strategy. Accumulate hard assets. Um"}, {"start": "01:12:08", "end": "01:12:11", "text": "don't be afraid to take risks because"}, {"start": "01:12:10", "end": "01:12:13", "text": "you're going to have to in this economy"}, {"start": "01:12:11", "end": "01:12:15", "text": "and generate more than you spend. Those"}, {"start": "01:12:13", "end": "01:12:18", "text": "are your that's your playbook. So, see"}, {"start": "01:12:15", "end": "01:12:18", "text": "you guys."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "Price go up now [music and singing]"}, {"start": "00:00:01", "end": "00:00:05", "text": "where you burn"}, {"start": "00:00:05", "end": "00:00:07", "text": "[music]"}, {"start": "00:00:08", "end": "00:00:14", "text": "the tables turn. Bitcoin rise beers get"}, {"start": "00:00:11", "end": "00:00:14", "text": "burned."}, {"start": "00:00:16", "end": "00:00:21", "text": ">> It all began as an Iranian oil shock hit"}, {"start": "00:00:18", "end": "00:00:23", "text": "the economy like a hammer to a nail and"}, {"start": "00:00:21", "end": "00:00:26", "text": "it already had inflation baked into"}, {"start": "00:00:23", "end": "00:00:28", "text": "wages and expectations. Now, oil's"}, {"start": "00:00:26", "end": "00:00:30", "text": "doubled. Prices are following as"}, {"start": "00:00:28", "end": "00:00:33", "text": "logistics are going to be squeezed."}, {"start": "00:00:30", "end": "00:00:35", "text": "Diesel prices are skyrocketing. And the"}, {"start": "00:00:33", "end": "00:00:37", "text": "Fed might have to slam their foot on the"}, {"start": "00:00:35", "end": "00:00:39", "text": "brakes today with their Federal Reserve"}, {"start": "00:00:37", "end": "00:00:41", "text": "interest rate meeting. Gold absolutely"}, {"start": "00:00:39", "end": "00:00:44", "text": "ripping, doubling in the blink of an"}, {"start": "00:00:41", "end": "00:00:46", "text": "eye. People fled the dollar. The hostage"}, {"start": "00:00:44", "end": "00:00:48", "text": "situation, crisis, the Afghanistan"}, {"start": "00:00:46", "end": "00:00:50", "text": "movements. This is all a recipe. The"}, {"start": "00:00:48", "end": "00:00:53", "text": "Middle East supply shock shock was"}, {"start": "00:00:50", "end": "00:00:56", "text": "underway and the inflation psychology"}, {"start": "00:00:53", "end": "00:00:58", "text": "made markets batten down the hatches."}, {"start": "00:00:56", "end": "00:01:00", "text": "Tight money policy, geopolitical panic."}, {"start": "00:00:58", "end": "00:01:03", "text": "Now you look at the current tape, we"}, {"start": "00:01:00", "end": "00:01:05", "text": "have very similar situation. Iran with"}, {"start": "00:01:03", "end": "00:01:08", "text": "the straight of Hermoose, pipelines"}, {"start": "00:01:05", "end": "00:01:11", "text": "getting bombed, oil back over $100, gold"}, {"start": "00:01:08", "end": "00:01:14", "text": "skyrocketing back over 4,500 bucks, and"}, {"start": "00:01:11", "end": "00:01:17", "text": "the Fed is hiking into inflationary"}, {"start": "00:01:14", "end": "00:01:21", "text": "crisis. What I just explained to you is"}, {"start": "00:01:17", "end": "00:01:23", "text": "the 1979 to 1980 oil crisis that turned"}, {"start": "00:01:21", "end": "00:01:26", "text": "into stagflation. It turned into an"}, {"start": "00:01:23", "end": "00:01:28", "text": "absolute disaster for the markets. And"}, {"start": "00:01:26", "end": "00:01:30", "text": "we have a lot of similar comparisons in"}, {"start": "00:01:28", "end": "00:01:33", "text": "our day and age. So, this is a short"}, {"start": "00:01:30", "end": "00:01:35", "text": "history lesson for helping everyone"}, {"start": "00:01:33", "end": "00:01:38", "text": "that's watching this show understand how"}, {"start": "00:01:35", "end": "00:01:40", "text": "crazy things might actually get over the"}, {"start": "00:01:38", "end": "00:01:42", "text": "next few years. Welcome one. Welcome"}, {"start": "00:01:40", "end": "00:01:44", "text": "all. We have a crazy show in store for"}, {"start": "00:01:42", "end": "00:01:46", "text": "you today. Federal Reserve interest"}, {"start": "00:01:44", "end": "00:01:47", "text": "rates are going to be happening later in"}, {"start": "00:01:46", "end": "00:01:51", "text": "the day. We have the Clarity Act"}, {"start": "00:01:47", "end": "00:01:53", "text": "failure, which I called from 75%"}, {"start": "00:01:51", "end": "00:01:56", "text": "likelihood. Never did I say that the"}, {"start": "00:01:53", "end": "00:01:58", "text": "Clarity Act was likely to move forward."}, {"start": "00:01:56", "end": "00:02:00", "text": "Thankfully, we see this go to the"}, {"start": "00:01:58", "end": "00:02:01", "text": "wayside. Unfortunately, it's going to be"}, {"start": "00:02:00", "end": "00:02:04", "text": "talked about for the next few months and"}, {"start": "00:02:01", "end": "00:02:05", "text": "XRP is falling off of a cliff. Mr. TJ,"}, {"start": "00:02:04", "end": "00:02:07", "text": "how you doing, good [clears throat] sir?"}, {"start": "00:02:05", "end": "00:02:10", "text": ">> I'm doing great. I love that I love that"}, {"start": "00:02:07", "end": "00:02:12", "text": "history lesson there. Uh it is"}, {"start": "00:02:10", "end": "00:02:15", "text": "remarkable the similarities to things"}, {"start": "00:02:12", "end": "00:02:16", "text": "we've seen in the past. It almost uh you"}, {"start": "00:02:15", "end": "00:02:20", "text": "know makes it feel like everything's a"}, {"start": "00:02:16", "end": "00:02:22", "text": "simulation or history repeats itself. Uh"}, {"start": "00:02:20", "end": "00:02:24", "text": "you know or definitely that that's mo"}, {"start": "00:02:22", "end": "00:02:26", "text": "that's a lot closer to a rhyme than uh"}, {"start": "00:02:24", "end": "00:02:29", "text": "than anything else. So"}, {"start": "00:02:26", "end": "00:02:30", "text": ">> uh yeah that uh that was pretty pretty"}, {"start": "00:02:29", "end": "00:02:33", "text": "remarkable that we're so close. The only"}, {"start": "00:02:30", "end": "00:02:34", "text": "thing different I think is you know CPI"}, {"start": "00:02:33", "end": "00:02:36", "text": "slightly different but again all those"}, {"start": "00:02:34", "end": "00:02:38", "text": "numbers are juiced. So"}, {"start": "00:02:36", "end": "00:02:40", "text": ">> yeah, lot to talk about today. Like you"}, {"start": "00:02:38", "end": "00:02:43", "text": "said, we've got uh the clarity failed"}, {"start": "00:02:40", "end": "00:02:45", "text": "yesterday, which was no surprise. Uh"}, {"start": "00:02:43", "end": "00:02:47", "text": ">> super cool, though. I like that a bunch"}, {"start": "00:02:45", "end": "00:02:49", "text": "of grandparents can decide the future of"}, {"start": "00:02:47", "end": "00:02:51", "text": "our cryptocurrency industry. This is"}, {"start": "00:02:49", "end": "00:02:53", "text": "Kyle Chass highlighted it. Our"}, {"start": "00:02:51", "end": "00:02:55", "text": "grandparents bought and paid for by"}, {"start": "00:02:53", "end": "00:02:56", "text": "banks and oil companies deciding where"}, {"start": "00:02:55", "end": "00:02:58", "text": "the"}, {"start": "00:02:56", "end": "00:02:59", "text": ">> Don't forget about our friends in, you"}, {"start": "00:02:58", "end": "00:03:01", "text": "know, over in the Middle East, you know,"}, {"start": "00:02:59", "end": "00:03:02", "text": "not just the bank. I guess banks, you"}, {"start": "00:03:01", "end": "00:03:04", "text": "said banks, same thing."}, {"start": "00:03:02", "end": "00:03:05", "text": ">> Tiny hats. Yeah, that is the same thing."}, {"start": "00:03:04", "end": "00:03:07", "text": "It's the same thing."}, {"start": "00:03:05", "end": "00:03:09", "text": ">> You're right. Um, you know, and this"}, {"start": "00:03:07", "end": "00:03:11", "text": "actually I feel relieved because I feel"}, {"start": "00:03:09", "end": "00:03:13", "text": "like they can go back to the drawing"}, {"start": "00:03:11", "end": "00:03:16", "text": "board and make something that doesn't"}, {"start": "00:03:13", "end": "00:03:18", "text": "try to gut DeFi and make the banks more"}, {"start": "00:03:16", "end": "00:03:20", "text": "powerful in controlling capital flight"}, {"start": "00:03:18", "end": "00:03:22", "text": "and capital controls. Like"}, {"start": "00:03:20", "end": "00:03:24", "text": ">> it got to the point with how many"}, {"start": "00:03:22", "end": "00:03:26", "text": "concessions the Republicans did that"}, {"start": "00:03:24", "end": "00:03:28", "text": "this turned into just basically a new"}, {"start": "00:03:26", "end": "00:03:30", "text": "hammer for the banks to use against"}, {"start": "00:03:28", "end": "00:03:33", "text": "monetary movement across the planet."}, {"start": "00:03:30", "end": "00:03:34", "text": ">> Absolutely. No, this was I was It's"}, {"start": "00:03:33", "end": "00:03:35", "text": "actually good that clarity clarity"}, {"start": "00:03:34", "end": "00:03:37", "text": "didn't pass because it was getting worse"}, {"start": "00:03:35", "end": "00:03:39", "text": "and worse and worse and worse. They were"}, {"start": "00:03:37", "end": "00:03:40", "text": "bending. They were trying it got so"}, {"start": "00:03:39", "end": "00:03:43", "text": "politicized. They were bending over"}, {"start": "00:03:40", "end": "00:03:44", "text": "backwards to try to get it done that"}, {"start": "00:03:43", "end": "00:03:47", "text": "they were making way too many"}, {"start": "00:03:44", "end": "00:03:51", "text": "concessions. And I actually think this"}, {"start": "00:03:47", "end": "00:03:54", "text": "was almost intentional like hot maybe a"}, {"start": "00:03:51", "end": "00:03:56", "text": "hot take, but it almost feels like Trump"}, {"start": "00:03:54", "end": "00:03:57", "text": "was baiting this. Uh so that way again"}, {"start": "00:03:56", "end": "00:04:00", "text": "you could blame the Democrats for"}, {"start": "00:03:57", "end": "00:04:02", "text": "blocking crypto. And then realistically"}, {"start": "00:04:00", "end": "00:04:03", "text": "at this point I would argue it's better"}, {"start": "00:04:02", "end": "00:04:06", "text": "for the industry because you're going to"}, {"start": "00:04:03", "end": "00:04:09", "text": "get SEC and CFTC that are going to"}, {"start": "00:04:06", "end": "00:04:11", "text": "swiftly come out with guidance that you"}, {"start": "00:04:09", "end": "00:04:14", "text": "know sure it's not as locked in because"}, {"start": "00:04:11", "end": "00:04:16", "text": "things can change in the future but it"}, {"start": "00:04:14", "end": "00:04:18", "text": "will give us two to you know two to"}, {"start": "00:04:16", "end": "00:04:21", "text": "three years for the industry to move"}, {"start": "00:04:18", "end": "00:04:22", "text": "forward quickly and then you know uh"}, {"start": "00:04:21", "end": "00:04:26", "text": "politicians and everybody will be moved"}, {"start": "00:04:22", "end": "00:04:27", "text": "on to uh probably AI and other things."}, {"start": "00:04:26", "end": "00:04:28", "text": "So, I think realistically this is going"}, {"start": "00:04:27", "end": "00:04:30", "text": "to be much better for the industry."}, {"start": "00:04:28", "end": "00:04:33", "text": "We're already seeing, you know, Circle"}, {"start": "00:04:30", "end": "00:04:35", "text": "launched ARC uh L1 today, which is"}, {"start": "00:04:33", "end": "00:04:37", "text": "interesting. And I just think very"}, {"start": "00:04:35", "end": "00:04:40", "text": "quickly we're going to see the CF SEC"}, {"start": "00:04:37", "end": "00:04:42", "text": "and CFTC come out with favorable"}, {"start": "00:04:40", "end": "00:04:44", "text": "regulation for this industry that allows"}, {"start": "00:04:42", "end": "00:04:46", "text": "things to move forward very quickly. We"}, {"start": "00:04:44", "end": "00:04:49", "text": "have Congress out of the way now. We"}, {"start": "00:04:46", "end": "00:04:51", "text": "have all the politics out of the way. Um"}, {"start": "00:04:49", "end": "00:04:52", "text": "yeah, and then now we can get get into"}, {"start": "00:04:51", "end": "00:04:54", "text": "the Fed and all that sort of stuff. So"}, {"start": "00:04:52", "end": "00:04:56", "text": "yeah, I'm I'm glad it didn't. It was"}, {"start": "00:04:54", "end": "00:04:58", "text": "getting scary how much they were giving"}, {"start": "00:04:56", "end": "00:05:00", "text": "over. If they passed it, it would have"}, {"start": "00:04:58", "end": "00:05:01", "text": "been I think, you know, more it would"}, {"start": "00:05:00", "end": "00:05:02", "text": "have been bad in my opinion."}, {"start": "00:05:01", "end": "00:05:04", "text": ">> It was pathetic. It was pathetic the"}, {"start": "00:05:02", "end": "00:05:05", "text": "amount of pandering we're doing. And"}, {"start": "00:05:04", "end": "00:05:08", "text": "thankfully, we could talk about this in"}, {"start": "00:05:05", "end": "00:05:10", "text": "2030. And we have actually a live visual"}, {"start": "00:05:08", "end": "00:05:10", "text": "of us talking about crypto in 2030 after"}, {"start": "00:05:10", "end": "00:05:12", "text": "this."}, {"start": "00:05:10", "end": "00:05:13", "text": ">> You kind of look like you lost a lot in"}, {"start": "00:05:12", "end": "00:05:15", "text": "crypto. Is that what happened?"}, {"start": "00:05:13", "end": "00:05:17", "text": ">> I didn't lose anything. You only lose if"}, {"start": "00:05:15", "end": "00:05:19", "text": "you sell. The bull is coming. The bull"}, {"start": "00:05:17", "end": "00:05:21", "text": "is coming."}, {"start": "00:05:19", "end": "00:05:23", "text": ">> I love this. [laughter] I love this so"}, {"start": "00:05:21", "end": "00:05:25", "text": "much. Honestly, like if people just"}, {"start": "00:05:23", "end": "00:05:27", "text": "don't understand why I'm so happy the"}, {"start": "00:05:25", "end": "00:05:29", "text": "Clarity Act didn't pass. It's just I"}, {"start": "00:05:27", "end": "00:05:32", "text": "didn't get into crypto so that we could"}, {"start": "00:05:29", "end": "00:05:33", "text": "go marry banks 10 years down the road."}, {"start": "00:05:32", "end": "00:05:35", "text": "You know, it's"}, {"start": "00:05:33", "end": "00:05:37", "text": ">> um just something that I have internally"}, {"start": "00:05:35", "end": "00:05:40", "text": "and you know, you everyone's entitled to"}, {"start": "00:05:37", "end": "00:05:43", "text": "their own opinion. If you want to just"}, {"start": "00:05:40", "end": "00:05:45", "text": "kill DeFi and let them control capital"}, {"start": "00:05:43", "end": "00:05:47", "text": "flight and lock you into their new"}, {"start": "00:05:45", "end": "00:05:50", "text": "system with stable coins and a CBDC, you"}, {"start": "00:05:47", "end": "00:05:52", "text": "do you, boo. I choose to walk walk a"}, {"start": "00:05:50", "end": "00:05:54", "text": "different path. Now, let's take a look"}, {"start": "00:05:52", "end": "00:05:56", "text": "at the crypto market here. We have had"}, {"start": "00:05:54", "end": "00:05:58", "text": "some movement. It's a sea of red right"}, {"start": "00:05:56", "end": "00:06:00", "text": "now except for a few particular"}, {"start": "00:05:58", "end": "00:06:05", "text": "projects. Zcash catching a nice bid."}, {"start": "00:06:00", "end": "00:06:06", "text": "Hyperlid was some big news. And we also"}, {"start": "00:06:05", "end": "00:06:08", "text": "I know that there's another one moving."}, {"start": "00:06:06", "end": "00:06:10", "text": "Arbitum was doing well and Near"}, {"start": "00:06:08", "end": "00:06:11", "text": "Protocol. Let's actually look at some of"}, {"start": "00:06:10", "end": "00:06:14", "text": "the outliers here. It's kind of"}, {"start": "00:06:11", "end": "00:06:16", "text": "interesting. Arbitum, Zcash, Near, Dash,"}, {"start": "00:06:14", "end": "00:06:18", "text": "and then Venice Token. Venice Token"}, {"start": "00:06:16", "end": "00:06:21", "text": "holding up strong, Mr. to TJ"}, {"start": "00:06:18", "end": "00:06:23", "text": ">> it is and the the combination there"}, {"start": "00:06:21", "end": "00:06:26", "text": "obviously you've got Venice near and"}, {"start": "00:06:23", "end": "00:06:29", "text": "Zcash all with privacy near is the one"}, {"start": "00:06:26", "end": "00:06:30", "text": "I've been I mentioned this in school and"}, {"start": "00:06:29", "end": "00:06:32", "text": "some of the comments I need I still need"}, {"start": "00:06:30", "end": "00:06:34", "text": "to write a kind of a more thoughtout"}, {"start": "00:06:32", "end": "00:06:37", "text": "post on it but near is one I'm building"}, {"start": "00:06:34", "end": "00:06:39", "text": "a position in right now uh both Venice"}, {"start": "00:06:37", "end": "00:06:42", "text": "and Zcash"}, {"start": "00:06:39", "end": "00:06:43", "text": ">> run on near you know to they use near in"}, {"start": "00:06:42", "end": "00:06:45", "text": "order to implement the privacy factors"}, {"start": "00:06:43", "end": "00:06:48", "text": "that they're doing arbitum obviously a"}, {"start": "00:06:45", "end": "00:06:50", "text": "big benefactor of a lot of the, you"}, {"start": "00:06:48", "end": "00:06:52", "text": "know, uh, Robin Hood and some of these"}, {"start": "00:06:50", "end": "00:06:54", "text": "other things going on there. So, yeah, I"}, {"start": "00:06:52", "end": "00:06:55", "text": "see that. I mean, you look at that and"}, {"start": "00:06:54", "end": "00:06:58", "text": "that's a lot of DeFi, that's a lot of"}, {"start": "00:06:55", "end": "00:06:59", "text": "AI, and that's a lot of privacy, uh, or"}, {"start": "00:06:58", "end": "00:07:01", "text": "a little privacy, I guess."}, {"start": "00:06:59", "end": "00:07:03", "text": ">> The 30-day, I mean, DeFi is still"}, {"start": "00:07:01", "end": "00:07:06", "text": "holding up strong in that same vein."}, {"start": "00:07:03", "end": "00:07:08", "text": "Unis swap's also still bouncing up over"}, {"start": "00:07:06", "end": "00:07:10", "text": "that $6 mark, which is a good sign for"}, {"start": "00:07:08", "end": "00:07:13", "text": "the time being, but things might get a"}, {"start": "00:07:10", "end": "00:07:14", "text": "little bit frisky today with the Federal"}, {"start": "00:07:13", "end": "00:07:16", "text": "uh, reserve interest rate meeting. It's"}, {"start": "00:07:14", "end": "00:07:17", "text": "going to and I did a video on that last"}, {"start": "00:07:16", "end": "00:07:19", "text": "night as well. What to kind of explain?"}, {"start": "00:07:17", "end": "00:07:21", "text": ">> Yeah. I mean, this is the week we've"}, {"start": "00:07:19", "end": "00:07:23", "text": "been waiting for. I probably said it on"}, {"start": "00:07:21", "end": "00:07:24", "text": "Monday for a long time. We've been"}, {"start": "00:07:23", "end": "00:07:26", "text": "pointing at this week that this is going"}, {"start": "00:07:24", "end": "00:07:28", "text": "to be, you know, this is the bear the"}, {"start": "00:07:26", "end": "00:07:29", "text": "big If you're a bear and you're looking"}, {"start": "00:07:28", "end": "00:07:31", "text": "for lower prices, this is the week"}, {"start": "00:07:29", "end": "00:07:33", "text": "you've been you've had marked on your"}, {"start": "00:07:31", "end": "00:07:36", "text": "calendar for a very very very long time."}, {"start": "00:07:33", "end": "00:07:37", "text": "And uh you know, it's finally here. I"}, {"start": "00:07:36", "end": "00:07:40", "text": "don't think it's going to pay off as"}, {"start": "00:07:37", "end": "00:07:43", "text": "much as people you know, if you're as"}, {"start": "00:07:40", "end": "00:07:44", "text": "the bears hoped it would. But uh I do,"}, {"start": "00:07:43", "end": "00:07:45", "text": "you know, it's going to be an this is"}, {"start": "00:07:44", "end": "00:07:47", "text": "going to be a fun this is going to be"}, {"start": "00:07:45", "end": "00:07:48", "text": "the most fun FOMC. Like you said, we're"}, {"start": "00:07:47", "end": "00:07:51", "text": "going to be live for it later on today."}, {"start": "00:07:48", "end": "00:07:53", "text": "So come hang out for that. But I don't"}, {"start": "00:07:51", "end": "00:07:54", "text": "know. I don't know. We'll get into that,"}, {"start": "00:07:53", "end": "00:07:56", "text": "I guess, a little bit later. I have a"}, {"start": "00:07:54", "end": "00:07:57", "text": "lot of thoughts on WSH and the Fed and"}, {"start": "00:07:56", "end": "00:07:58", "text": "all that sort of stuff because"}, {"start": "00:07:57", "end": "00:08:01", "text": ">> I wouldn't want to have his job right"}, {"start": "00:07:58", "end": "00:08:03", "text": "now. I know that I I absolutely would"}, {"start": "00:08:01", "end": "00:08:04", "text": "not want to have his job facing what we"}, {"start": "00:08:03", "end": "00:08:06", "text": "have right. That's just my personal"}, {"start": "00:08:04", "end": "00:08:08", "text": "opinion. And I mean, he's got a tough"}, {"start": "00:08:06", "end": "00:08:10", "text": "choice to make here because, you know,"}, {"start": "00:08:08", "end": "00:08:13", "text": "if he raises those interest rates, Trump"}, {"start": "00:08:10", "end": "00:08:16", "text": "is going to freak out. Like, Trump is"}, {"start": "00:08:13", "end": "00:08:19", "text": "going to make an absolute heyday out of"}, {"start": "00:08:16", "end": "00:08:20", "text": "today if he does indeed uh raise those"}, {"start": "00:08:19", "end": "00:08:24", "text": "interest rates against his expectations."}, {"start": "00:08:20", "end": "00:08:25", "text": "But Bitcoin holding near $76,000. I know"}, {"start": "00:08:24", "end": "00:08:27", "text": "we're bouncing around somewhere in the"}, {"start": "00:08:25", "end": "00:08:29", "text": "mid75K region right now. We'll take a"}, {"start": "00:08:27", "end": "00:08:31", "text": "look at the Bitcoin price here in just a"}, {"start": "00:08:29", "end": "00:08:34", "text": "moment as we are bracing for the Federal"}, {"start": "00:08:31", "end": "00:08:36", "text": "Reserve rate hike, the first one in"}, {"start": "00:08:34", "end": "00:08:39", "text": "three years. Now, this was a data point"}, {"start": "00:08:36", "end": "00:08:42", "text": "that I covered on last night's video,"}, {"start": "00:08:39", "end": "00:08:44", "text": "and you know, I've had my own gripes"}, {"start": "00:08:42", "end": "00:08:47", "text": "about the Federal Reserve interest rates"}, {"start": "00:08:44", "end": "00:08:49", "text": "being the moon math that we need. The"}, {"start": "00:08:47", "end": "00:08:53", "text": "last time that we saw interest rate"}, {"start": "00:08:49", "end": "00:08:56", "text": "hikes, I believe is J July of 2023."}, {"start": "00:08:53", "end": "00:09:01", "text": "And July of 2023, the whole time frame"}, {"start": "00:08:56", "end": "00:09:04", "text": "from the lows of mid 22 up to 23, this"}, {"start": "00:09:01", "end": "00:09:06", "text": "whole region was full of interest rate"}, {"start": "00:09:04", "end": "00:09:09", "text": "hikes. The first few, the first two were"}, {"start": "00:09:06", "end": "00:09:11", "text": "at 75 base points, the third one at 50"}, {"start": "00:09:09", "end": "00:09:13", "text": "base points, and then you had four more"}, {"start": "00:09:11", "end": "00:09:15", "text": "all the way through this whole bare"}, {"start": "00:09:13", "end": "00:09:17", "text": "market at 25 base point increases. Did"}, {"start": "00:09:15", "end": "00:09:20", "text": "they drop Bitcoin to 3K? No, they"}, {"start": "00:09:17", "end": "00:09:22", "text": "absolutely did not. Instead, Bitcoin did"}, {"start": "00:09:20", "end": "00:09:24", "text": "its own thing and essentially continued"}, {"start": "00:09:22", "end": "00:09:27", "text": "to develop its bottoming out pattern. I"}, {"start": "00:09:24", "end": "00:09:29", "text": "think the real thing that drives me nuts"}, {"start": "00:09:27", "end": "00:09:31", "text": "about these Federal Reserve rate hike"}, {"start": "00:09:29", "end": "00:09:32", "text": "expectations, let me get rid of this uh"}, {"start": "00:09:31", "end": "00:09:34", "text": "fib channel locally here so I can"}, {"start": "00:09:32", "end": "00:09:37", "text": "explain myself a little bit more clear,"}, {"start": "00:09:34", "end": "00:09:38", "text": "is that we had interest rate cuts in the"}, {"start": "00:09:37", "end": "00:09:41", "text": "bull market in the heat of the bull"}, {"start": "00:09:38", "end": "00:09:44", "text": "market. And more often than not, these"}, {"start": "00:09:41", "end": "00:09:46", "text": "ended up being, you know, kind of two"}, {"start": "00:09:44", "end": "00:09:48", "text": "weeks ahead of a major jump for Bitcoin."}, {"start": "00:09:46", "end": "00:09:51", "text": "We did have two interest rate cuts"}, {"start": "00:09:48", "end": "00:09:53", "text": "before that blow up to $100,000, but"}, {"start": "00:09:51", "end": "00:09:55", "text": "that was when Trump was elected. We were"}, {"start": "00:09:53", "end": "00:09:58", "text": "leading towards that pro crypto"}, {"start": "00:09:55", "end": "00:09:59", "text": "presidency, that inauguration for Trump,"}, {"start": "00:09:58", "end": "00:10:02", "text": "and there's a lot a lot of hype and a"}, {"start": "00:09:59", "end": "00:10:04", "text": "lot of velocity to the market regardless"}, {"start": "00:10:02", "end": "00:10:06", "text": "of those interest rate cuts. Short"}, {"start": "00:10:04", "end": "00:10:09", "text": "history lesson on uh what to expect."}, {"start": "00:10:06", "end": "00:10:12", "text": "Really when I see the data all compiled"}, {"start": "00:10:09", "end": "00:10:15", "text": "for interest rate hikes, if you take out"}, {"start": "00:10:12", "end": "00:10:19", "text": "FTX week, you end up pumping by a"}, {"start": "00:10:15", "end": "00:10:21", "text": "percent overall. Like the median average"}, {"start": "00:10:19", "end": "00:10:23", "text": "return on interest rate hikes for"}, {"start": "00:10:21", "end": "00:10:25", "text": "Bitcoin is an increase of 1% over two"}, {"start": "00:10:23", "end": "00:10:29", "text": "weeks. Very very flat. I expect crab"}, {"start": "00:10:25", "end": "00:10:31", "text": "action that uh after this move in here."}, {"start": "00:10:29", "end": "00:10:33", "text": "If ADA has a let me see. I saw a super"}, {"start": "00:10:31", "end": "00:10:33", "text": "chat pop up. I see a chat here."}, {"start": "00:10:33", "end": "00:10:35", "text": ">> [laughter]"}, {"start": "00:10:33", "end": "00:10:38", "text": ">> If ADA has a shift in narrative, will"}, {"start": "00:10:35", "end": "00:10:39", "text": "deal Oh god, dude. Whatavage?"}, {"start": "00:10:38", "end": "00:10:40", "text": ">> I [laughter] don't think so."}, {"start": "00:10:39", "end": "00:10:42", "text": ">> I don't think so. I don't think so."}, {"start": "00:10:40", "end": "00:10:43", "text": "Somebody in chat said the other day he's"}, {"start": "00:10:42", "end": "00:10:45", "text": "chilling stocks, you know. So, I think"}, {"start": "00:10:43", "end": "00:10:45", "text": "he's I think he's still doing crypto"}, {"start": "00:10:45", "end": "00:10:47", "text": "stuff."}, {"start": "00:10:45", "end": "00:10:48", "text": ">> No, I mean I think he always did really"}, {"start": "00:10:47", "end": "00:10:50", "text": "good with commodities and like"}, {"start": "00:10:48", "end": "00:10:50", "text": ">> gold, silver, that sort of stuff."}, {"start": "00:10:50", "end": "00:10:52", "text": ">> Yeah,"}, {"start": "00:10:50", "end": "00:10:55", "text": ">> he's doing great, guys. He's he's doing"}, {"start": "00:10:52", "end": "00:10:57", "text": "fine. Uh ADA, not as much. Not as much."}, {"start": "00:10:55", "end": "00:11:00", "text": "I would say"}, {"start": "00:10:57", "end": "00:11:04", "text": "even with how"}, {"start": "00:11:00", "end": "00:11:06", "text": "terrible the ecosystem is for Cardono,"}, {"start": "00:11:04", "end": "00:11:08", "text": "this project can still rise as long as"}, {"start": "00:11:06", "end": "00:11:12", "text": "they don't completely shut the doors on"}, {"start": "00:11:08", "end": "00:11:18", "text": "it and walk away forever. It can go to"}, {"start": "00:11:12", "end": "00:11:20", "text": "like 60 cents, six 607 cents. Um I hear"}, {"start": "00:11:18", "end": "00:11:22", "text": ">> I agree it can every you know when"}, {"start": "00:11:20", "end": "00:11:24", "text": "things go when everything pumps"}, {"start": "00:11:22", "end": "00:11:27", "text": "everything pumps right. Uh I just I'm"}, {"start": "00:11:24", "end": "00:11:28", "text": "getting even with I mentioned the ARC"}, {"start": "00:11:27", "end": "00:11:30", "text": "launch today. Circle launched their"}, {"start": "00:11:28", "end": "00:11:31", "text": "layer one for you know kind of a"}, {"start": "00:11:30", "end": "00:11:33", "text": "financial what are they calling it"}, {"start": "00:11:31", "end": "00:11:38", "text": "financial operating system or something"}, {"start": "00:11:33", "end": "00:11:39", "text": "like that. That to me is a pretty big"}, {"start": "00:11:38", "end": "00:11:42", "text": "shot across the bow for other layer"}, {"start": "00:11:39", "end": "00:11:44", "text": "ones. Layer ones are getting tougher and"}, {"start": "00:11:42", "end": "00:11:46", "text": "tougher. Again that's why I've I'm"}, {"start": "00:11:44", "end": "00:11:48", "text": "concentrated into Ethereum and Salana"}, {"start": "00:11:46", "end": "00:11:50", "text": "and even that when I'm going to I need"}, {"start": "00:11:48", "end": "00:11:52", "text": "to do a little bit more reading about"}, {"start": "00:11:50", "end": "00:11:56", "text": "ARC. Now, the good news is for me, most"}, {"start": "00:11:52", "end": "00:11:58", "text": "of my portfolio, uh, Morpho, a Arrow,"}, {"start": "00:11:56", "end": "00:11:59", "text": "all that stuff is launching on Arctic. I"}, {"start": "00:11:58", "end": "00:12:00", "text": "swear"}, {"start": "00:11:59", "end": "00:12:02", "text": ">> it was like we"}, {"start": "00:12:00", "end": "00:12:03", "text": ">> every time we do the show, I sneeze in"}, {"start": "00:12:02", "end": "00:12:05", "text": "the middle of a sentence, but"}, {"start": "00:12:03", "end": "00:12:07", "text": ">> dude, pull up this screen because what"}, {"start": "00:12:05", "end": "00:12:10", "text": "you're saying is exactly what's up. It's"}, {"start": "00:12:07", "end": "00:12:12", "text": "unis swap, arrow, a morpho,"}, {"start": "00:12:10", "end": "00:12:14", "text": ">> link. Yeah, it's it's built built right"}, {"start": "00:12:12", "end": "00:12:16", "text": "into the DTCC. Visa's partnered with it,"}, {"start": "00:12:14", "end": "00:12:17", "text": "chain links partnered with it. So, it's"}, {"start": "00:12:16", "end": "00:12:20", "text": "great for the overall my portfolio, but"}, {"start": "00:12:17", "end": "00:12:21", "text": "it really does even this [snorts] makes"}, {"start": "00:12:20", "end": "00:12:24", "text": "me look at Ethereum and Salana, right? I"}, {"start": "00:12:21", "end": "00:12:26", "text": "mean, these are the insider I I've said"}, {"start": "00:12:24", "end": "00:12:27", "text": "for a long time, the the layer ones that"}, {"start": "00:12:26", "end": "00:12:29", "text": "matter is where the liquidity is, right?"}, {"start": "00:12:27", "end": "00:12:30", "text": "Where the money is and and these days,"}, {"start": "00:12:29", "end": "00:12:33", "text": "that's where the stable coins are."}, {"start": "00:12:30", "end": "00:12:35", "text": "That's part of why I'm a big uh"}, {"start": "00:12:33", "end": "00:12:36", "text": "proponent of Ethereum and Salana because"}, {"start": "00:12:35", "end": "00:12:38", "text": "that's where all the stable coin flows"}, {"start": "00:12:36", "end": "00:12:41", "text": "are. So this is something to keep in"}, {"start": "00:12:38", "end": "00:12:43", "text": "mind and this is makes any other layer"}, {"start": "00:12:41", "end": "00:12:44", "text": "one is probably going to have a hard"}, {"start": "00:12:43", "end": "00:12:47", "text": "time competing whether you're talking"}, {"start": "00:12:44", "end": "00:12:49", "text": "about Cardano or Sooie or any of these"}, {"start": "00:12:47", "end": "00:12:51", "text": "other ones that you like so much"}, {"start": "00:12:49", "end": "00:12:53", "text": "Avalanche um I mean you can go down the"}, {"start": "00:12:51", "end": "00:12:56", "text": "list now they're going to have each one"}, {"start": "00:12:53", "end": "00:12:58", "text": "will have their specialties but the more"}, {"start": "00:12:56", "end": "00:13:00", "text": "time goes on you know again if you're"}, {"start": "00:12:58", "end": "00:13:03", "text": "launching with Standard Charter"}, {"start": "00:13:00", "end": "00:13:05", "text": "Mastercard Visa BNY Melon HSBC stage you"}, {"start": "00:13:03", "end": "00:13:08", "text": "know the all of the biggest financial"}, {"start": "00:13:05", "end": "00:13:09", "text": "institutions in the world. [snorts]"}, {"start": "00:13:08", "end": "00:13:11", "text": "It's going to be, you know, and then"}, {"start": "00:13:09", "end": "00:13:13", "text": "you've got Cardano over there, you know,"}, {"start": "00:13:11", "end": "00:13:16", "text": "who can't even integrate with Chain"}, {"start": "00:13:13", "end": "00:13:18", "text": "Link. It's just it's very likely it's"}, {"start": "00:13:16", "end": "00:13:20", "text": "going to fade. It's very likely it's not"}, {"start": "00:13:18", "end": "00:13:22", "text": "going to hold up over, you know, again,"}, {"start": "00:13:20", "end": "00:13:24", "text": "I'm talking long term, not you're right."}, {"start": "00:13:22", "end": "00:13:26", "text": "I do think it can pump. You can get an"}, {"start": "00:13:24", "end": "00:13:28", "text": "exit pump. You can get a pump to 60"}, {"start": "00:13:26", "end": "00:13:30", "text": "cents. You, you know, like"}, {"start": "00:13:28", "end": "00:13:32", "text": ">> maybe get a buck, you know, maybe get a"}, {"start": "00:13:30", "end": "00:13:36", "text": "buck. But what's sad is so many people"}, {"start": "00:13:32", "end": "00:13:39", "text": "that was their entry years ago. And so I"}, {"start": "00:13:36", "end": "00:13:41", "text": "have officially fully, you know, left"}, {"start": "00:13:39", "end": "00:13:43", "text": "Cardano behind. As painful as that is,"}, {"start": "00:13:41", "end": "00:13:45", "text": "like I philosophically I think it's"}, {"start": "00:13:43", "end": "00:13:48", "text": "great. I think Charles is great. I think"}, {"start": "00:13:45", "end": "00:13:51", "text": "a lot of what they stand for is great."}, {"start": "00:13:48", "end": "00:13:54", "text": "Um, but when it comes to making money"}, {"start": "00:13:51", "end": "00:13:56", "text": "off an investment, I don't see it doing"}, {"start": "00:13:54", "end": "00:13:59", "text": "well in the long term. And I'm more of a"}, {"start": "00:13:56", "end": "00:14:02", "text": "long-term investor. So yeah, this layer"}, {"start": "00:13:59", "end": "00:14:04", "text": "again, layer ones, it's I made a lot of"}, {"start": "00:14:02", "end": "00:14:06", "text": "money with layer ones. You know, that's"}, {"start": "00:14:04", "end": "00:14:07", "text": "probably if I had to pick a category"}, {"start": "00:14:06", "end": "00:14:09", "text": "that's been the most profitable for me"}, {"start": "00:14:07", "end": "00:14:12", "text": "in crypto since I started, that's"}, {"start": "00:14:09", "end": "00:14:13", "text": "probably it. Bitcoin and layer ones."}, {"start": "00:14:12", "end": "00:14:15", "text": "Now, I think it's going to be the time"}, {"start": "00:14:13", "end": "00:14:17", "text": "where you have to find good applications"}, {"start": "00:14:15", "end": "00:14:19", "text": "on top of it. And it's getting pretty"}, {"start": "00:14:17", "end": "00:14:21", "text": "easy when you look at who integrate. You"}, {"start": "00:14:19", "end": "00:14:22", "text": "know, a is getting integrated with"}, {"start": "00:14:21", "end": "00:14:24", "text": "everything. Chain link is getting"}, {"start": "00:14:22", "end": "00:14:25", "text": "integrated with everything. Arrow is"}, {"start": "00:14:24", "end": "00:14:28", "text": "getting integrated with everything. You"}, {"start": "00:14:25", "end": "00:14:29", "text": "know, uh, Hyperlid Hype, you know,"}, {"start": "00:14:28", "end": "00:14:32", "text": "that's another obvious one. You know,"}, {"start": "00:14:29", "end": "00:14:34", "text": "they had a big announcement with uh"}, {"start": "00:14:32", "end": "00:14:37", "text": "Payword and Kraken. You know, Payword is"}, {"start": "00:14:34", "end": "00:14:38", "text": "Kraken's parent company. They had a big"}, {"start": "00:14:37", "end": "00:14:42", "text": "launch with Oh, you've already got it."}, {"start": "00:14:38", "end": "00:14:43", "text": "Perfect. So, um this is substantial for"}, {"start": "00:14:42", "end": "00:14:46", "text": "hype, you know. So, there, you know,"}, {"start": "00:14:43", "end": "00:14:48", "text": "there's a lot of things like that out"}, {"start": "00:14:46", "end": "00:14:50", "text": "there that you can get into that I think"}, {"start": "00:14:48", "end": "00:14:53", "text": "are going to perform very well into the"}, {"start": "00:14:50", "end": "00:14:54", "text": "future, but you have to be careful just"}, {"start": "00:14:53", "end": "00:14:57", "text": "holding on to old narratives. What we"}, {"start": "00:14:54", "end": "00:15:00", "text": "talk about so much in school is"}, {"start": "00:14:57", "end": "00:15:03", "text": ">> every cycle has narratives. Layer ones"}, {"start": "00:15:00", "end": "00:15:04", "text": "was the narrative, especially in 2017."}, {"start": "00:15:03", "end": "00:15:07", "text": "You could do decent with them. You know,"}, {"start": "00:15:04", "end": "00:15:09", "text": "the new layer ones, the fast and cheap"}, {"start": "00:15:07", "end": "00:15:11", "text": "ones were the thing in 2020, 2021. And"}, {"start": "00:15:09", "end": "00:15:14", "text": "then you had some other things coming"}, {"start": "00:15:11", "end": "00:15:16", "text": "out. Um, and now I really think it's"}, {"start": "00:15:14", "end": "00:15:18", "text": "going to be DeFi and AI. And as as"}, {"start": "00:15:16", "end": "00:15:20", "text": "finance comes on chain, that's"}, {"start": "00:15:18", "end": "00:15:21", "text": "absolutely absolutely what's going to"}, {"start": "00:15:20", "end": "00:15:25", "text": "happen. I got to see a couple super"}, {"start": "00:15:21", "end": "00:15:27", "text": "chats coming in. So, uh, what dip price"}, {"start": "00:15:25", "end": "00:15:29", "text": "should I put my morpho of buyers? We'll"}, {"start": "00:15:27", "end": "00:15:31", "text": "look at that a little bit. Let's get us"}, {"start": "00:15:29", "end": "00:15:32", "text": "through some of the Yeah, we'll pull"}, {"start": "00:15:31", "end": "00:15:33", "text": "that up a little bit later in the show."}, {"start": "00:15:32", "end": "00:15:35", "text": "Stick around."}, {"start": "00:15:33", "end": "00:15:37", "text": ">> Zcash is built on the same blueprint as"}, {"start": "00:15:35", "end": "00:15:38", "text": "Bitcoin, but Bitcoin is on a privacy"}, {"start": "00:15:37", "end": "00:15:42", "text": "coin. Could"}, {"start": "00:15:38", "end": "00:15:44", "text": ">> Zcash hypothetically take over? Um,"}, {"start": "00:15:42", "end": "00:15:46", "text": "I mean, hypothetically, you could do"}, {"start": "00:15:44", "end": "00:15:47", "text": "anything, but no. I mean, it's not. I"}, {"start": "00:15:46", "end": "00:15:50", "text": "don't think it's going to take over."}, {"start": "00:15:47", "end": "00:15:53", "text": "Bitcoin is the store of value. Zcash is"}, {"start": "00:15:50", "end": "00:15:54", "text": "for privacy. I think it has plenty of"}, {"start": "00:15:53", "end": "00:15:56", "text": "good merits. I think it's going to"}, {"start": "00:15:54", "end": "00:15:58", "text": "perform very well, but I mean, what are"}, {"start": "00:15:56", "end": "00:16:01", "text": "you talking market capwise? You've got"}, {"start": "00:15:58", "end": "00:16:05", "text": "Zcash coming in at 21 billion. Uh,"}, {"start": "00:16:01", "end": "00:16:08", "text": "Bitcoin at 1.5 trillion. Bitcoin is"}, {"start": "00:16:05", "end": "00:16:10", "text": "digital gold. You know, it is going to"}, {"start": "00:16:08", "end": "00:16:12", "text": "it is a better gold in my opinion. It's"}, {"start": "00:16:10", "end": "00:16:14", "text": "a gold of it's a gold for the future."}, {"start": "00:16:12", "end": "00:16:17", "text": "So, no, it's not going to overtake"}, {"start": "00:16:14", "end": "00:16:19", "text": "Bitcoin. Um, and anytime that's"}, {"start": "00:16:17", "end": "00:16:20", "text": "somebody's pitch, you should be very"}, {"start": "00:16:19", "end": "00:16:22", "text": "wary if they're saying, \"Oh, this is"}, {"start": "00:16:20", "end": "00:16:24", "text": "going to be bigger and better than"}, {"start": "00:16:22", "end": "00:16:26", "text": "Bitcoin.\" Uh, I would just I would"}, {"start": "00:16:24", "end": "00:16:28", "text": "hesitate on all of that. So, it's going"}, {"start": "00:16:26", "end": "00:16:30", "text": "to because people will use it for"}, {"start": "00:16:28", "end": "00:16:32", "text": "certain things, but they're not going to"}, {"start": "00:16:30", "end": "00:16:34", "text": "use it to replace storing their value."}, {"start": "00:16:32", "end": "00:16:36", "text": "Uh, it can change, you know, like any"}, {"start": "00:16:34", "end": "00:16:40", "text": "all of these things can change, but the"}, {"start": "00:16:36", "end": "00:16:42", "text": "more something changes, the less likely"}, {"start": "00:16:40", "end": "00:16:44", "text": "it is to be a long-term store of value"}, {"start": "00:16:42", "end": "00:16:45", "text": "because that's a huge risk. So"}, {"start": "00:16:44", "end": "00:16:47", "text": ">> yeah,"}, {"start": "00:16:45", "end": "00:16:49", "text": ">> but I'm not going to say that uh Zcash,"}, {"start": "00:16:47", "end": "00:16:51", "text": "an organization that's like a few blocks"}, {"start": "00:16:49", "end": "00:16:53", "text": "away from the CIA, is something where"}, {"start": "00:16:51", "end": "00:16:55", "text": "I'm going to be storing a bunch of my"}, {"start": "00:16:53", "end": "00:16:57", "text": "value in. That's just me, then. You"}, {"start": "00:16:55", "end": "00:16:59", "text": "know, you do you. If you believe that"}, {"start": "00:16:57", "end": "00:17:00", "text": "they are completely private and you're"}, {"start": "00:16:59", "end": "00:17:03", "text": "going to be hidden and have boating"}, {"start": "00:17:00", "end": "00:17:05", "text": "accidents all you want, fine. I just I"}, {"start": "00:17:03", "end": "00:17:07", "text": "don't think that"}, {"start": "00:17:05", "end": "00:17:09", "text": "everything is exactly as it seems when"}, {"start": "00:17:07", "end": "00:17:11", "text": "it comes to Zcash. That's just my gut"}, {"start": "00:17:09", "end": "00:17:13", "text": "feeling. Someone asked if I actually"}, {"start": "00:17:11", "end": "00:17:15", "text": "think Black Rockck is selling off ETFs."}, {"start": "00:17:13", "end": "00:17:17", "text": "uh the data is showing me. So, so we"}, {"start": "00:17:15", "end": "00:17:20", "text": "have Bitcoin ETFs see the largest daily"}, {"start": "00:17:17", "end": "00:17:23", "text": "outflows since June 25th. Now, when I"}, {"start": "00:17:20", "end": "00:17:26", "text": "look at the ETF outflows in general,"}, {"start": "00:17:23", "end": "00:17:28", "text": "that is a massive, massive red outflow"}, {"start": "00:17:26", "end": "00:17:31", "text": "candle on the daily. And the number here"}, {"start": "00:17:28", "end": "00:17:33", "text": "is something to be measured. So, this is"}, {"start": "00:17:31", "end": "00:17:35", "text": "a $450 million outflow yesterday."}, {"start": "00:17:33", "end": "00:17:37", "text": "There's a half a billion dollars. We"}, {"start": "00:17:35", "end": "00:17:40", "text": "hadn't seen any sort of half a billion"}, {"start": "00:17:37", "end": "00:17:42", "text": "dollar movement in ETFs for Bitcoin"}, {"start": "00:17:40", "end": "00:17:44", "text": "since all the way back here in August"}, {"start": "00:17:42", "end": "00:17:46", "text": "20th where that kind of glow up day,"}, {"start": "00:17:44", "end": "00:17:47", "text": "that exciting moment where Bitcoin"}, {"start": "00:17:46", "end": "00:17:51", "text": "absolutely started ripping back up to"}, {"start": "00:17:47", "end": "00:17:53", "text": "the 70k region occurred. So, this is"}, {"start": "00:17:51", "end": "00:17:56", "text": "something to take note of. And you know,"}, {"start": "00:17:53", "end": "00:17:58", "text": "I think that a little bit of calming and"}, {"start": "00:17:56", "end": "00:18:01", "text": "really crab action is what I'm feeling"}, {"start": "00:17:58", "end": "00:18:02", "text": "on Bitcoin's price action, ETF selling,"}, {"start": "00:18:01", "end": "00:18:04", "text": "Black Rockck holders selling, not Black"}, {"start": "00:18:02", "end": "00:18:06", "text": "Rockck proper, but the holders of these"}, {"start": "00:18:04", "end": "00:18:09", "text": "ETFs and Black Rockck leading that"}, {"start": "00:18:06", "end": "00:18:11", "text": "charge there. Uh DC, I think this is"}, {"start": "00:18:09", "end": "00:18:13", "text": "Kelly that put this up. Bitcoin"}, {"start": "00:18:11", "end": "00:18:17", "text": "repeating that bottom breakout pump"}, {"start": "00:18:13", "end": "00:18:18", "text": "pullback pattern from January of 2023."}, {"start": "00:18:17", "end": "00:18:21", "text": "And there's a lot of different data"}, {"start": "00:18:18", "end": "00:18:23", "text": "points on the Bitcoin chart that point"}, {"start": "00:18:21", "end": "00:18:27", "text": "to our scenario right now being very"}, {"start": "00:18:23", "end": "00:18:29", "text": "similar to the FTX uh breakout moment."}, {"start": "00:18:27", "end": "00:18:30", "text": "And you know, another one of them that I"}, {"start": "00:18:29", "end": "00:18:33", "text": "covered, I think it was last week, was"}, {"start": "00:18:30", "end": "00:18:34", "text": "the Ballinger bands on the daily and"}, {"start": "00:18:33", "end": "00:18:39", "text": "kind of that picture perfect comparison"}, {"start": "00:18:34", "end": "00:18:41", "text": "of this kind of dual oval W pattern on"}, {"start": "00:18:39", "end": "00:18:43", "text": "uh the Ballinger bands on the daily time"}, {"start": "00:18:41", "end": "00:18:45", "text": "frame. They don't happen very often,"}, {"start": "00:18:43", "end": "00:18:47", "text": "honestly. The only one that I could find"}, {"start": "00:18:45", "end": "00:18:49", "text": "in all of Bitcoin's history that had a"}, {"start": "00:18:47", "end": "00:18:52", "text": "similar structure where you enter the"}, {"start": "00:18:49", "end": "00:18:54", "text": "Ballinger band oval on the top end, exit"}, {"start": "00:18:52", "end": "00:18:56", "text": "at the lower, build a channel inside,"}, {"start": "00:18:54", "end": "00:18:58", "text": "and then build up another massive one"}, {"start": "00:18:56", "end": "00:19:02", "text": "with a similar size and an exit point on"}, {"start": "00:18:58", "end": "00:19:04", "text": "the top end. This is very, very similar"}, {"start": "00:19:02", "end": "00:19:06", "text": "to February kind of January, February"}, {"start": "00:19:04", "end": "00:19:09", "text": "time frame of 2023 where we're at right"}, {"start": "00:19:06", "end": "00:19:11", "text": "now. Do I think that, you know, this"}, {"start": "00:19:09", "end": "00:19:14", "text": "mass exodus and no clarity in the United"}, {"start": "00:19:11", "end": "00:19:16", "text": "States stops us from keeping this bottom"}, {"start": "00:19:14", "end": "00:19:19", "text": "pattern in structure together? No,"}, {"start": "00:19:16", "end": "00:19:22", "text": "absolutely not. Really, more locally"}, {"start": "00:19:19", "end": "00:19:24", "text": "today in particular, with the volatility"}, {"start": "00:19:22", "end": "00:19:25", "text": "that's coming, we are sloped to the"}, {"start": "00:19:24", "end": "00:19:27", "text": "downside. We have been for a little bit"}, {"start": "00:19:25", "end": "00:19:29", "text": "of time on Bitcoin's daily and weekly"}, {"start": "00:19:27", "end": "00:19:32", "text": "time frames and money flow. Daily money"}, {"start": "00:19:29", "end": "00:19:33", "text": "flow still screaming to the downside."}, {"start": "00:19:32", "end": "00:19:36", "text": "But now we're setting out the precedent"}, {"start": "00:19:33", "end": "00:19:39", "text": "to find that violent relief bounce. It"}, {"start": "00:19:36", "end": "00:19:41", "text": "would be super fun if we saw Worsh hold"}, {"start": "00:19:39", "end": "00:19:43", "text": "rates and we go absolutely ballistic"}, {"start": "00:19:41", "end": "00:19:45", "text": "again. Didn't Zcash have free money mint"}, {"start": "00:19:43", "end": "00:19:46", "text": "glitch? I do believe they discredited"}, {"start": "00:19:45", "end": "00:19:48", "text": "that."}, {"start": "00:19:46", "end": "00:19:51", "text": ">> Yeah, I wouldn't call it a glitch. I"}, {"start": "00:19:48", "end": "00:19:53", "text": "mean, there was a uh something that got"}, {"start": "00:19:51", "end": "00:19:56", "text": "exploited and you know, it caused a"}, {"start": "00:19:53", "end": "00:19:58", "text": "pretty substantial price action, but um"}, {"start": "00:19:56", "end": "00:19:59", "text": "like you said, it's been addressed at"}, {"start": "00:19:58", "end": "00:20:01", "text": "this point."}, {"start": "00:19:59", "end": "00:20:02", "text": ">> Um"}, {"start": "00:20:01", "end": "00:20:04", "text": "bunch of questions coming in. How do I"}, {"start": "00:20:02", "end": "00:20:06", "text": "feel about Jupiter? I have a little bit."}, {"start": "00:20:04", "end": "00:20:08", "text": "I'm not necessarily excited about it,"}, {"start": "00:20:06", "end": "00:20:10", "text": "but I have it. So, that that means"}, {"start": "00:20:08", "end": "00:20:12", "text": "something, I guess. But, uh, Radium"}, {"start": "00:20:10", "end": "00:20:15", "text": "seems to perform better than Jupiter. U,"}, {"start": "00:20:12", "end": "00:20:16", "text": "but it's again, I have this alpha beta"}, {"start": "00:20:15", "end": "00:20:18", "text": "thing where, hey, get Radium, get"}, {"start": "00:20:16", "end": "00:20:20", "text": "Jupiter. You kind of cover it on the"}, {"start": "00:20:18", "end": "00:20:21", "text": "Salana ecosystem in a lot of ways."}, {"start": "00:20:20", "end": "00:20:23", "text": ">> But, no, I think the points you're"}, {"start": "00:20:21", "end": "00:20:24", "text": "making about price action, again, we've"}, {"start": "00:20:23", "end": "00:20:26", "text": "been saying this for a while. We've been"}, {"start": "00:20:24", "end": "00:20:28", "text": "expecting that this week, you know,"}, {"start": "00:20:26", "end": "00:20:31", "text": "could be the week where you get a"}, {"start": "00:20:28", "end": "00:20:34", "text": "revisit to the low 70s, you know, 72,"}, {"start": "00:20:31", "end": "00:20:38", "text": "74, maybe even 70 flat if you're lucky."}, {"start": "00:20:34", "end": "00:20:40", "text": ">> Um I I don't know. I think 74 is more"}, {"start": "00:20:38", "end": "00:20:43", "text": "likely even even with a rate hike, it's"}, {"start": "00:20:40", "end": "00:20:45", "text": "largely been priced in at this point. I"}, {"start": "00:20:43", "end": "00:20:47", "text": "think the odd like right now the odds I"}, {"start": "00:20:45", "end": "00:20:48", "text": "think are put showing like 90% on the"}, {"start": "00:20:47", "end": "00:20:50", "text": "hike."}, {"start": "00:20:48", "end": "00:20:52", "text": ">> Yeah, it's like 92. The last I looked"}, {"start": "00:20:50", "end": "00:20:54", "text": "this morning, let's check it out. 92.7"}, {"start": "00:20:52", "end": "00:20:56", "text": "right now. Traditionally, anytime the"}, {"start": "00:20:54", "end": "00:20:59", "text": "odds get this high, it they've been"}, {"start": "00:20:56", "end": "00:21:00", "text": "accurate. Um"}, {"start": "00:20:59", "end": "00:21:02", "text": ">> Oh, is that what this says right here?"}, {"start": "00:21:00", "end": "00:21:05", "text": ">> Yeah. Going back to 2008, every every"}, {"start": "00:21:02", "end": "00:21:07", "text": "single time we hit this level, they do"}, {"start": "00:21:05", "end": "00:21:10", "text": "happen. And"}, {"start": "00:21:07", "end": "00:21:14", "text": "you know, this is something where"}, {"start": "00:21:10", "end": "00:21:16", "text": ">> it would be almost like political"}, {"start": "00:21:14", "end": "00:21:17", "text": "surrender for Worsh to hold rates where"}, {"start": "00:21:16", "end": "00:21:19", "text": "they're at right now because the board"}, {"start": "00:21:17", "end": "00:21:21", "text": "of the Federal Reserve, it's not just"}, {"start": "00:21:19", "end": "00:21:21", "text": "him that decides, it's a whole board."}, {"start": "00:21:21", "end": "00:21:24", "text": "Mhm."}, {"start": "00:21:21", "end": "00:21:27", "text": ">> And I know that a large majority of that"}, {"start": "00:21:24", "end": "00:21:29", "text": "board wants these rates increased um"}, {"start": "00:21:27", "end": "00:21:31", "text": "leading into what they're dealing with"}, {"start": "00:21:29", "end": "00:21:33", "text": "right now. So, and then that Revolute"}, {"start": "00:21:31", "end": "00:21:35", "text": "hack, I've seen that Revolute hack."}, {"start": "00:21:33", "end": "00:21:36", "text": "Maybe we should dig into it later."}, {"start": "00:21:35", "end": "00:21:38", "text": ">> I don't know how relevant that is to"}, {"start": "00:21:36", "end": "00:21:40", "text": "crypto. Like, yeah, it's a financial"}, {"start": "00:21:38", "end": "00:21:42", "text": "institution that got compromised. If you"}, {"start": "00:21:40", "end": "00:21:45", "text": "guys if you use Revolute, I guess be"}, {"start": "00:21:42", "end": "00:21:48", "text": "careful. Um, but when it comes to the"}, {"start": "00:21:45", "end": "00:21:49", "text": "rates, I what I was going to say is I do"}, {"start": "00:21:48", "end": "00:21:51", "text": "think"}, {"start": "00:21:49", "end": "00:21:53", "text": "again the odds say that it's going to"}, {"start": "00:21:51", "end": "00:21:55", "text": "happen. I just think I'm a lot more on a"}, {"start": "00:21:53", "end": "00:21:57", "text": "coin flip, you know, realistically. Like"}, {"start": "00:21:55", "end": "00:22:00", "text": "I think the odds are much closer to"}, {"start": "00:21:57", "end": "00:22:02", "text": "50/50 than they're projecting with this"}, {"start": "00:22:00", "end": "00:22:03", "text": "today. And we'll, again, we're going to"}, {"start": "00:22:02", "end": "00:22:05", "text": "talk about this a lot today because it's"}, {"start": "00:22:03", "end": "00:22:07", "text": "happening later on. We're going to be"}, {"start": "00:22:05", "end": "00:22:11", "text": "doing that stream, but I would not be"}, {"start": "00:22:07", "end": "00:22:12", "text": "surprised at all. Um, I mean, I would be"}, {"start": "00:22:11", "end": "00:22:14", "text": "surprised if they hold, but"}, {"start": "00:22:12", "end": "00:22:17", "text": "realistically,"}, {"start": "00:22:14", "end": "00:22:19", "text": "this is inconsistent with what Worsh has"}, {"start": "00:22:17", "end": "00:22:22", "text": "said he wanted. He said he didn't want"}, {"start": "00:22:19", "end": "00:22:25", "text": "the market to dictate the Fed's"}, {"start": "00:22:22", "end": "00:22:27", "text": "decision, right? There's really nothing"}, {"start": "00:22:25", "end": "00:22:29", "text": "of raising the rates is not going to do"}, {"start": "00:22:27", "end": "00:22:30", "text": "anything to to address the number one"}, {"start": "00:22:29", "end": "00:22:33", "text": "problem they're experiencing right now,"}, {"start": "00:22:30", "end": "00:22:36", "text": "which is the energy problem, right? main"}, {"start": "00:22:33", "end": "00:22:38", "text": "thing causing a lot of this inflation is"}, {"start": "00:22:36", "end": "00:22:41", "text": "oil prices being up, diesel prices being"}, {"start": "00:22:38", "end": "00:22:44", "text": "up, energy costs being up, and raising"}, {"start": "00:22:41", "end": "00:22:46", "text": "25 basis points is going to do zero to"}, {"start": "00:22:44", "end": "00:22:49", "text": "impact all that. It's really the purpose"}, {"start": "00:22:46", "end": "00:22:51", "text": "of raising today is to give the bond"}, {"start": "00:22:49", "end": "00:22:53", "text": "market what they want. Uh, which again"}, {"start": "00:22:51", "end": "00:22:59", "text": "is him letting the market direct the"}, {"start": "00:22:53", "end": "00:23:00", "text": "Fed. So, I don't know. I just I I"}, {"start": "00:22:59", "end": "00:23:02", "text": "would love it if he would just hold. I"}, {"start": "00:23:00", "end": "00:23:05", "text": "think that's the most I think that's the"}, {"start": "00:23:02", "end": "00:23:07", "text": "smartest play here for for his position."}, {"start": "00:23:05", "end": "00:23:09", "text": "You know, not necessarily politically."}, {"start": "00:23:07", "end": "00:23:11", "text": "Uh maybe even politically, but that"}, {"start": "00:23:09", "end": "00:23:12", "text": "would absolutely send the markets. A cut"}, {"start": "00:23:11", "end": "00:23:15", "text": "would really send the markets, but"}, {"start": "00:23:12", "end": "00:23:20", "text": "either way, I mean, I'm kind of in this"}, {"start": "00:23:15", "end": "00:23:22", "text": "uh the duck said it pretty well. Uh I"}, {"start": "00:23:20", "end": "00:23:23", "text": "don't care. I remain bullish. Bears can"}, {"start": "00:23:22", "end": "00:23:25", "text": "suck it, you know, like and it's"}, {"start": "00:23:23", "end": "00:23:27", "text": "ultimately this is short-term noise."}, {"start": "00:23:25", "end": "00:23:29", "text": "Like today, it's going to matter. Like"}, {"start": "00:23:27", "end": "00:23:31", "text": "again, you might get some you might get"}, {"start": "00:23:29", "end": "00:23:33", "text": "some good entries there. Uh but"}, {"start": "00:23:31", "end": "00:23:35", "text": "realistically,"}, {"start": "00:23:33", "end": "00:23:36", "text": "in the grand scheme of things, we're"}, {"start": "00:23:35", "end": "00:23:38", "text": "still going to be likely to see much"}, {"start": "00:23:36", "end": "00:23:39", "text": "higher prices later this year. You know,"}, {"start": "00:23:38", "end": "00:23:42", "text": "if you're thinking we're going down to"}, {"start": "00:23:39", "end": "00:23:44", "text": "new lows in October, I'm I'm still"}, {"start": "00:23:42", "end": "00:23:46", "text": ">> strongly in the camp that you know,"}, {"start": "00:23:44", "end": "00:23:47", "text": "you're you're really uh dreaming for"}, {"start": "00:23:46", "end": "00:23:49", "text": "that. So,"}, {"start": "00:23:47", "end": "00:23:51", "text": ">> today's your day. You know, if you get a"}, {"start": "00:23:49", "end": "00:23:53", "text": "hike, I think again largely priced in,"}, {"start": "00:23:51", "end": "00:23:56", "text": "you might get some 74s, you might get"}, {"start": "00:23:53", "end": "00:23:59", "text": "some 72s. That wouldn't surprise me one"}, {"start": "00:23:56", "end": "00:24:01", "text": "bit. again, possibly 70. Uh but you"}, {"start": "00:23:59", "end": "00:24:03", "text": "better take those and you better run. Uh"}, {"start": "00:24:01", "end": "00:24:06", "text": "because realistically where we're"}, {"start": "00:24:03", "end": "00:24:07", "text": "heading after that is exceptionally"}, {"start": "00:24:06", "end": "00:24:09", "text": "bullish once we get this regulation"}, {"start": "00:24:07", "end": "00:24:11", "text": "coming down, once we I mean the market"}, {"start": "00:24:09", "end": "00:24:15", "text": "is ready to move up. Everything's coming"}, {"start": "00:24:11", "end": "00:24:17", "text": "on chain. Um and there's been there's if"}, {"start": "00:24:15", "end": "00:24:19", "text": "you look back at history again, the Fed"}, {"start": "00:24:17", "end": "00:24:21", "text": "there's been times when the Fed hikes"}, {"start": "00:24:19", "end": "00:24:23", "text": "and then ends up making multiple cuts"}, {"start": "00:24:21", "end": "00:24:27", "text": "within several months later. And that"}, {"start": "00:24:23", "end": "00:24:31", "text": "that's part of why part of the reason"}, {"start": "00:24:27", "end": "00:24:34", "text": "I'm hesitant on a hike today is because"}, {"start": "00:24:31", "end": "00:24:37", "text": "if they hike today and then end up"}, {"start": "00:24:34", "end": "00:24:39", "text": "having to cut in a few months, that"}, {"start": "00:24:37", "end": "00:24:41", "text": "shows they made that the hike was a"}, {"start": "00:24:39", "end": "00:24:45", "text": "mistake, right? If they have to reverse"}, {"start": "00:24:41", "end": "00:24:48", "text": "course on their stance quickly, uh"}, {"start": "00:24:45", "end": "00:24:50", "text": "that's that shows that they're not"}, {"start": "00:24:48", "end": "00:24:53", "text": "reading the data very well. And so to"}, {"start": "00:24:50", "end": "00:24:56", "text": "me, the most likely thing and the most"}, {"start": "00:24:53", "end": "00:24:59", "text": "uh sensible thing is to do nothing and"}, {"start": "00:24:56", "end": "00:25:01", "text": "let more data come in. Um I but"}, {"start": "00:24:59", "end": "00:25:03", "text": ">> that was what his favorite thing to say"}, {"start": "00:25:01", "end": "00:25:05", "text": "was was I need more data."}, {"start": "00:25:03", "end": "00:25:06", "text": ">> We're going to build a task force on"}, {"start": "00:25:05", "end": "00:25:07", "text": "this."}, {"start": "00:25:06", "end": "00:25:09", "text": ">> Um you're saying"}, {"start": "00:25:07", "end": "00:25:10", "text": ">> so I mean it's going to be a fun it's"}, {"start": "00:25:09", "end": "00:25:12", "text": "going to be a fun Fed day. Like it"}, {"start": "00:25:10", "end": "00:25:13", "text": "almost kind of want something to happen"}, {"start": "00:25:12", "end": "00:25:15", "text": "because we do it all the time and most"}, {"start": "00:25:13", "end": "00:25:17", "text": "of the time they do just hold. But"}, {"start": "00:25:15", "end": "00:25:20", "text": ">> at this point with the odds that high"}, {"start": "00:25:17", "end": "00:25:23", "text": "market is absolutely pricing in a hike"}, {"start": "00:25:20", "end": "00:25:25", "text": "and again this"}, {"start": "00:25:23", "end": "00:25:29", "text": ">> is going to be negligible in my opinion"}, {"start": "00:25:25", "end": "00:25:31", "text": "on what it does. Maybe it gives the the"}, {"start": "00:25:29", "end": "00:25:33", "text": "uh bond market a little reprieve and"}, {"start": "00:25:31", "end": "00:25:35", "text": "rates can come down a little bit but"}, {"start": "00:25:33", "end": "00:25:37", "text": ">> it's not going to actually change"}, {"start": "00:25:35", "end": "00:25:38", "text": "anything uh financially."}, {"start": "00:25:37", "end": "00:25:42", "text": ">> Yeah, the 10ear is sitting here pretty"}, {"start": "00:25:38", "end": "00:25:44", "text": "ominously around the 5% mark. Um,"}, {"start": "00:25:42", "end": "00:25:45", "text": "obviously the gold price history is"}, {"start": "00:25:44", "end": "00:25:47", "text": "something I want to explain in this and"}, {"start": "00:25:45", "end": "00:25:50", "text": "I saw someone mention he's uh doing this"}, {"start": "00:25:47", "end": "00:25:52", "text": "to lower the bond market uh yield"}, {"start": "00:25:50", "end": "00:25:56", "text": ">> gives some reprieve there and then we"}, {"start": "00:25:52", "end": "00:25:59", "text": "have WTI over a 100 US CPI looking nice"}, {"start": "00:25:56", "end": "00:26:01", "text": "and strong and I do think that the"}, {"start": "00:25:59", "end": "00:26:02", "text": "housing and the real estate industry has"}, {"start": "00:26:01", "end": "00:26:04", "text": "a big play in it. Homes are now the most"}, {"start": "00:26:02", "end": "00:26:06", "text": "affordable that they've ever been in"}, {"start": "00:26:04", "end": "00:26:08", "text": "history. uh the death of the American"}, {"start": "00:26:06", "end": "00:26:11", "text": "dream in the eyes of the middle and"}, {"start": "00:26:08", "end": "00:26:13", "text": "lower class, but a absolute wet dream"}, {"start": "00:26:11", "end": "00:26:15", "text": "for the tech companies that are making"}, {"start": "00:26:13", "end": "00:26:18", "text": "more uh money than they ever have. So, a"}, {"start": "00:26:15", "end": "00:26:19", "text": "good time had on Wall Street, bad time"}, {"start": "00:26:18", "end": "00:26:21", "text": "on Main Street. Now, this is the"}, {"start": "00:26:19", "end": "00:26:24", "text": "explanation and I started the show"}, {"start": "00:26:21", "end": "00:26:27", "text": "explaining history about what led to"}, {"start": "00:26:24", "end": "00:26:33", "text": "this gold movement in 1979 to 1980 where"}, {"start": "00:26:27", "end": "00:26:35", "text": "gold rose by $97 up to $864"}, {"start": "00:26:33", "end": "00:26:37", "text": "an ounce. And a lot of shock and a"}, {"start": "00:26:35", "end": "00:26:39", "text": "happened at the time. The fun part about"}, {"start": "00:26:37", "end": "00:26:41", "text": "this graph for me is that they didn't"}, {"start": "00:26:39", "end": "00:26:43", "text": "admit that the market had indeed hit"}, {"start": "00:26:41", "end": "00:26:45", "text": "stagflation until it was already over"}, {"start": "00:26:43", "end": "00:26:48", "text": "with. They didn't admit it until 2 or 3"}, {"start": "00:26:45", "end": "00:26:49", "text": "years after the fact when they were"}, {"start": "00:26:48", "end": "00:26:51", "text": "finally out of the woodwork. And I know"}, {"start": "00:26:49", "end": "00:26:53", "text": "you guys love when I say that. Now, the"}, {"start": "00:26:51", "end": "00:26:55", "text": "pattern that played out here was an"}, {"start": "00:26:53", "end": "00:26:57", "text": "originating cup and handle as the market"}, {"start": "00:26:55", "end": "00:26:59", "text": "realized that absolute chaos was coming"}, {"start": "00:26:57", "end": "00:27:01", "text": "with energy crisis, conflict, and an"}, {"start": "00:26:59", "end": "00:27:03", "text": "erosion of the US dollar confidence."}, {"start": "00:27:01", "end": "00:27:05", "text": "Now, that played out as a cup and"}, {"start": "00:27:03", "end": "00:27:08", "text": "handle. Here's your handle. And a play"}, {"start": "00:27:05", "end": "00:27:12", "text": "uh if you actually measure from this"}, {"start": "00:27:08", "end": "00:27:13", "text": "bull flag that ended up developing right"}, {"start": "00:27:12", "end": "00:27:16", "text": "at around the development of the bull"}, {"start": "00:27:13", "end": "00:27:18", "text": "flag was 1979 in October. And that"}, {"start": "00:27:16", "end": "00:27:21", "text": "target it was overperformed on gold"}, {"start": "00:27:18", "end": "00:27:23", "text": "because this is just a massive massive"}, {"start": "00:27:21", "end": "00:27:25", "text": "movement into gold as people stopped"}, {"start": "00:27:23", "end": "00:27:28", "text": "believing in the fiat currency in US"}, {"start": "00:27:25", "end": "00:27:30", "text": "policy and gold overperformed even that"}, {"start": "00:27:28", "end": "00:27:32", "text": "bull flag. You know, if we look our"}, {"start": "00:27:30", "end": "00:27:35", "text": "current situation,"}, {"start": "00:27:32", "end": "00:27:37", "text": "our current situation is breathtaking to"}, {"start": "00:27:35", "end": "00:27:39", "text": "me. We have a previous cup and handle"}, {"start": "00:27:37", "end": "00:27:42", "text": "played out. You go to the bull flag"}, {"start": "00:27:39", "end": "00:27:44", "text": "midway up and then the extension of that"}, {"start": "00:27:42", "end": "00:27:46", "text": "bull flag is overperformed. Look at"}, {"start": "00:27:44", "end": "00:27:48", "text": "this. So, from the moment that handle"}, {"start": "00:27:46", "end": "00:27:50", "text": "broke out, you played up to your bull"}, {"start": "00:27:48", "end": "00:27:52", "text": "flag and the target overperformed once"}, {"start": "00:27:50", "end": "00:27:54", "text": "again. Now, we're getting that secondary"}, {"start": "00:27:52", "end": "00:27:58", "text": "impulse trying to move us back to the"}, {"start": "00:27:54", "end": "00:28:00", "text": "$5,000 region. What I'm most concerned"}, {"start": "00:27:58", "end": "00:28:03", "text": "about when it comes to gold"}, {"start": "00:28:00", "end": "00:28:04", "text": "macroeconomics is, you know, I feel like"}, {"start": "00:28:03", "end": "00:28:07", "text": "the chart is painting a picture that"}, {"start": "00:28:04", "end": "00:28:10", "text": "we're somewhere around the late 1980s"}, {"start": "00:28:07", "end": "00:28:13", "text": "moment. And we have Bitcoin as a"}, {"start": "00:28:10", "end": "00:28:17", "text": "secondary store of value, a digital gold"}, {"start": "00:28:13", "end": "00:28:19", "text": "in a new digital economy. And there is"}, {"start": "00:28:17", "end": "00:28:21", "text": "no"}, {"start": "00:28:19", "end": "00:28:23", "text": "saying this in an easy way. We are going"}, {"start": "00:28:21", "end": "00:28:25", "text": "into the great unknown when it comes to"}, {"start": "00:28:23", "end": "00:28:29", "text": "Bitcoin because Bitcoin [snorts]"}, {"start": "00:28:25", "end": "00:28:32", "text": "is this tool that has been used to"}, {"start": "00:28:29", "end": "00:28:34", "text": "escape eroding fiat currencies for a"}, {"start": "00:28:32", "end": "00:28:36", "text": "very very long time. It was developed"}, {"start": "00:28:34", "end": "00:28:38", "text": "around the housing crisis of 2008 which"}, {"start": "00:28:36", "end": "00:28:39", "text": "honestly looks like a bump in the road"}, {"start": "00:28:38", "end": "00:28:41", "text": "if you compare it to our unrealized"}, {"start": "00:28:39", "end": "00:28:44", "text": "losses right now on the banking"}, {"start": "00:28:41", "end": "00:28:47", "text": "industry. And so the development of"}, {"start": "00:28:44", "end": "00:28:51", "text": "Bitcoin, Bitcoin was made for this type"}, {"start": "00:28:47", "end": "00:28:54", "text": "of environment where fiat currency is"}, {"start": "00:28:51", "end": "00:28:56", "text": "being basically, you know, turned into a"}, {"start": "00:28:54", "end": "00:28:57", "text": "laughing stock across the planet. We can"}, {"start": "00:28:56", "end": "00:28:59", "text": "see that we can't control the straight"}, {"start": "00:28:57", "end": "00:29:01", "text": "of our moose in any meaningful way. And"}, {"start": "00:28:59", "end": "00:29:03", "text": "there is an oil crisis happening and"}, {"start": "00:29:01", "end": "00:29:05", "text": "it's going to be very very crazy on the"}, {"start": "00:29:03", "end": "00:29:07", "text": "charts today in terms of Bitcoin and and"}, {"start": "00:29:05", "end": "00:29:09", "text": "really any chart that you're looking at"}, {"start": "00:29:07", "end": "00:29:11", "text": "right now, even gold. So just be careful"}, {"start": "00:29:09", "end": "00:29:13", "text": "if you are leverage trading during this"}, {"start": "00:29:11", "end": "00:29:17", "text": "FOMC that's coming up. But CZ said it"}, {"start": "00:29:13", "end": "00:29:19", "text": "best. Every dip is an opportunity. We"}, {"start": "00:29:17", "end": "00:29:21", "text": "were talking about what was that we were"}, {"start": "00:29:19", "end": "00:29:23", "text": "talking about this morning with the um"}, {"start": "00:29:21", "end": "00:29:24", "text": "the missed opportunity. Yeah. Like you"}, {"start": "00:29:23", "end": "00:29:25", "text": "had seen like a missed opportunity."}, {"start": "00:29:24", "end": "00:29:27", "text": ">> Yeah. What did you say? Every missed"}, {"start": "00:29:25", "end": "00:29:28", "text": "opportunity is an exper life experience"}, {"start": "00:29:27", "end": "00:29:30", "text": "or something like that."}, {"start": "00:29:28", "end": "00:29:34", "text": ">> Every missed opportunity is an"}, {"start": "00:29:30", "end": "00:29:36", "text": "experience gained, right? And there"}, {"start": "00:29:34", "end": "00:29:38", "text": ">> every dip, you know, in this environment"}, {"start": "00:29:36", "end": "00:29:41", "text": "for where crypto and Bitcoin are, I do"}, {"start": "00:29:38", "end": "00:29:42", "text": "feel that way that, you know, over the"}, {"start": "00:29:41", "end": "00:29:44", "text": "course of the next, you know, few"}, {"start": "00:29:42", "end": "00:29:46", "text": "minutes as I dive into these altcoin"}, {"start": "00:29:44", "end": "00:29:49", "text": "charts, there's a lot of levels that I"}, {"start": "00:29:46", "end": "00:29:52", "text": "had previously bought um a few months"}, {"start": "00:29:49", "end": "00:29:55", "text": "ago that actually might be coming back"}, {"start": "00:29:52", "end": "00:29:57", "text": "into my reach in a bare market, which I"}, {"start": "00:29:55", "end": "00:29:58", "text": "feel absolutely fantastic about. Maybe"}, {"start": "00:29:57", "end": "00:30:00", "text": "I'm a little crazy. Maybe I'm like that"}, {"start": "00:29:58", "end": "00:30:02", "text": "hobo at the beginning of the show that's"}, {"start": "00:30:00", "end": "00:30:04", "text": "just going to be excited about never"}, {"start": "00:30:02", "end": "00:30:06", "text": "selling in 2030."}, {"start": "00:30:04", "end": "00:30:07", "text": ">> But yeah, I'm curious real quick from"}, {"start": "00:30:06", "end": "00:30:10", "text": "the chat because I'm seeing a lot of"}, {"start": "00:30:07", "end": "00:30:12", "text": "chatter about it. Say uh cut or hold if"}, {"start": "00:30:10", "end": "00:30:12", "text": "you think he's going to cut or if you"}, {"start": "00:30:12", "end": "00:30:14", "text": "think he's going to hold because there's"}, {"start": "00:30:12", "end": "00:30:16", "text": "some people in there saying they think"}, {"start": "00:30:14", "end": "00:30:18", "text": "for sure that he's not going to cut. So"}, {"start": "00:30:16", "end": "00:30:19", "text": "I'm just curious to see what you know."}, {"start": "00:30:18", "end": "00:30:21", "text": "Let's do our own internal play. Cut or"}, {"start": "00:30:19", "end": "00:30:23", "text": "hold. I just want to see how it rolls in"}, {"start": "00:30:21", "end": "00:30:24", "text": "in the chat and then uh yeah and you can"}, {"start": "00:30:23", "end": "00:30:30", "text": "go ahead. But"}, {"start": "00:30:24", "end": "00:30:34", "text": ">> jeez, I uh I feel like I got to answer"}, {"start": "00:30:30", "end": "00:30:36", "text": "I can't 92% odds on the Fed CME tool. I"}, {"start": "00:30:34", "end": "00:30:38", "text": "can't bet against I think I think a"}, {"start": "00:30:36", "end": "00:30:40", "text": "hike. I think a hike. It's it's the"}, {"start": "00:30:38", "end": "00:30:43", "text": "reasonable thing to do. I think a hike."}, {"start": "00:30:40", "end": "00:30:45", "text": "Um a h or god I can't change. I'm going"}, {"start": "00:30:43", "end": "00:30:46", "text": "to stick with it. Hike. Let's say I'm"}, {"start": "00:30:45", "end": "00:30:47", "text": "[laughter] going to stick with it. Hike"}, {"start": "00:30:46", "end": "00:30:50", "text": "today. That's"}, {"start": "00:30:47", "end": "00:30:52", "text": ">> I mean if I'm a betting man you gota I I"}, {"start": "00:30:50", "end": "00:30:56", "text": "would say hike but uh if I was war I"}, {"start": "00:30:52", "end": "00:30:57", "text": "would hold I would definitely hold"}, {"start": "00:30:56", "end": "00:30:59", "text": ">> so"}, {"start": "00:30:57", "end": "00:31:01", "text": ">> well you know there's a lot of uh"}, {"start": "00:30:59", "end": "00:31:04", "text": "animosity in the background about"}, {"start": "00:31:01", "end": "00:31:06", "text": "Michael Sailor right the STRC a DPEG"}, {"start": "00:31:04", "end": "00:31:07", "text": "Michael Sailor is going to ruin the"}, {"start": "00:31:06", "end": "00:31:10", "text": "world it's all Michael Sailor's fault"}, {"start": "00:31:07", "end": "00:31:11", "text": "that Bitcoin is not doing well Sailor uh"}, {"start": "00:31:10", "end": "00:31:13", "text": "came out with some pretty based"}, {"start": "00:31:11", "end": "00:31:16", "text": "conversation about the Clarity Act dying"}, {"start": "00:31:13", "end": "00:31:18", "text": "he says Clarity Act stalled he expects"}, {"start": "00:31:16", "end": "00:31:21", "text": "the SEC DC, the CFTC, and the Treasury"}, {"start": "00:31:18", "end": "00:31:23", "text": "to advance the rules under existing law,"}, {"start": "00:31:21", "end": "00:31:26", "text": "banks to expand that Bitcoin custody and"}, {"start": "00:31:23", "end": "00:31:28", "text": "loans against it, and more capital to"}, {"start": "00:31:26", "end": "00:31:30", "text": "favor Bitcoin and digital credit. The"}, {"start": "00:31:28", "end": "00:31:33", "text": "Genius Act supports stable coin"}, {"start": "00:31:30", "end": "00:31:35", "text": "adoption, progress need not wait for"}, {"start": "00:31:33", "end": "00:31:37", "text": "Congress. That's his viewpoint. Not I do"}, {"start": "00:31:35", "end": "00:31:39", "text": "definitely agree with that take and it's"}, {"start": "00:31:37", "end": "00:31:41", "text": "happening in real time. Deutsche Bank is"}, {"start": "00:31:39", "end": "00:31:43", "text": "launching their Bitcoin and crypto"}, {"start": "00:31:41", "end": "00:31:45", "text": "custody for institutional clients later"}, {"start": "00:31:43", "end": "00:31:48", "text": "this year. This is happening across the"}, {"start": "00:31:45", "end": "00:31:50", "text": "planet. the United States will catch up."}, {"start": "00:31:48", "end": "00:31:52", "text": "And I think that seeing the Clarity Act"}, {"start": "00:31:50", "end": "00:31:55", "text": "stalled is actually a good thing because"}, {"start": "00:31:52", "end": "00:31:56", "text": "it gives us some time to retool that"}, {"start": "00:31:55", "end": "00:31:59", "text": "Clarity Act towards something that's"}, {"start": "00:31:56", "end": "00:32:00", "text": "more beneficial for crypto as a whole."}, {"start": "00:31:59", "end": "00:32:01", "text": "Um,"}, {"start": "00:32:00", "end": "00:32:03", "text": ">> yeah, you've also we've also got this,"}, {"start": "00:32:01", "end": "00:32:05", "text": "you know, Justin, the chairman"}, {"start": "00:32:03", "end": "00:32:08", "text": "introducing the strategic Bitcoin"}, {"start": "00:32:05", "end": "00:32:10", "text": "reserve into Congress this morning. Uh,"}, {"start": "00:32:08", "end": "00:32:11", "text": "this isn't necessarily new. You know,"}, {"start": "00:32:10", "end": "00:32:13", "text": "they've been working on this for a"}, {"start": "00:32:11", "end": "00:32:15", "text": "while. This is mostly to, you know, just"}, {"start": "00:32:13", "end": "00:32:18", "text": "designate the crypto that they're"}, {"start": "00:32:15", "end": "00:32:20", "text": "already holding. But, um, I agree that"}, {"start": "00:32:18", "end": "00:32:22", "text": "was with Sailor's take there that we are"}, {"start": "00:32:20", "end": "00:32:24", "text": "largely"}, {"start": "00:32:22", "end": "00:32:26", "text": "moving toward, you know, this getting"}, {"start": "00:32:24", "end": "00:32:28", "text": "clarity out of the way is going to allow"}, {"start": "00:32:26", "end": "00:32:30", "text": "the SEC and CFTC to get to work. Now,"}, {"start": "00:32:28", "end": "00:32:31", "text": "obviously, things can change in the"}, {"start": "00:32:30", "end": "00:32:33", "text": "future. That's part of why it would have"}, {"start": "00:32:31", "end": "00:32:35", "text": "been better if we got an actual law"}, {"start": "00:32:33", "end": "00:32:38", "text": "around this, but again, that was turning"}, {"start": "00:32:35", "end": "00:32:41", "text": "into trash. So, let's let the uh I I"}, {"start": "00:32:38", "end": "00:32:43", "text": "think this is again part of the plan for"}, {"start": "00:32:41", "end": "00:32:45", "text": "clarity to fail. You know, if you if you"}, {"start": "00:32:43", "end": "00:32:46", "text": "want to play politics, which I can't"}, {"start": "00:32:45", "end": "00:32:48", "text": "stand. I'd rather just ignore all this"}, {"start": "00:32:46", "end": "00:32:49", "text": "stuff. And that's kind of where I was"}, {"start": "00:32:48", "end": "00:32:50", "text": "coming with. I don't care. I'm just"}, {"start": "00:32:49", "end": "00:32:52", "text": "bullish. Just sit back and wait. It's"}, {"start": "00:32:50", "end": "00:32:53", "text": "going to happen. But you want to play"}, {"start": "00:32:52", "end": "00:32:55", "text": "politics."}, {"start": "00:32:53", "end": "00:32:56", "text": "You know, they've now they've got their"}, {"start": "00:32:55", "end": "00:32:58", "text": "talking points that Dem, you know, oh,"}, {"start": "00:32:56", "end": "00:33:01", "text": "it's the Democrats that killed the"}, {"start": "00:32:58", "end": "00:33:03", "text": "crypto bill. They already knew Atkins"}, {"start": "00:33:01", "end": "00:33:04", "text": "and the CFTC were very pro crypto that"}, {"start": "00:33:03", "end": "00:33:06", "text": "they were going to move this stuff"}, {"start": "00:33:04", "end": "00:33:09", "text": "forward. were actually ready to push"}, {"start": "00:33:06", "end": "00:33:10", "text": "this out before clarity. Uh and and"}, {"start": "00:33:09", "end": "00:33:12", "text": "Trump kind of had to calm up like, \"Hey,"}, {"start": "00:33:10", "end": "00:33:14", "text": "wait, wait, wait, wait. Actually, let's"}, {"start": "00:33:12", "end": "00:33:16", "text": "let's let this clarity thing fail first"}, {"start": "00:33:14", "end": "00:33:18", "text": "so I can go on and on and on about it.\""}, {"start": "00:33:16", "end": "00:33:19", "text": "And then you guys come out and make it,"}, {"start": "00:33:18", "end": "00:33:21", "text": "you know, clear up the regulatory"}, {"start": "00:33:19", "end": "00:33:24", "text": "framework, which is really just to be"}, {"start": "00:33:21", "end": "00:33:26", "text": "very prode. It's not even largely for"}, {"start": "00:33:24", "end": "00:33:28", "text": "Bitcoin, by the way. Bitcoin is already"}, {"start": "00:33:26", "end": "00:33:30", "text": "clarified as a commodity. It's mostly"}, {"start": "00:33:28", "end": "00:33:33", "text": "for Ethereum, Salana, all these other"}, {"start": "00:33:30", "end": "00:33:34", "text": "DeFi protocols. And so, I think that's"}, {"start": "00:33:33", "end": "00:33:35", "text": "going to come out. It's going to be very"}, {"start": "00:33:34", "end": "00:33:37", "text": "bullish. It's going to give a lot of"}, {"start": "00:33:35", "end": "00:33:40", "text": "opportunity for these companies to build"}, {"start": "00:33:37", "end": "00:33:43", "text": "a lot of uh space. Now, maybe not as"}, {"start": "00:33:40", "end": "00:33:44", "text": "much as what could have been, but it's"}, {"start": "00:33:43", "end": "00:33:46", "text": "going to give them again two to three"}, {"start": "00:33:44", "end": "00:33:48", "text": "years to move the ball forward a lot."}, {"start": "00:33:46", "end": "00:33:50", "text": "And then at that point, it's going to be"}, {"start": "00:33:48", "end": "00:33:53", "text": "really hard to walk it back."}, {"start": "00:33:50", "end": "00:33:56", "text": ">> Um, so I I would argue this was all part"}, {"start": "00:33:53", "end": "00:33:58", "text": "of the plan and now we can get get to"}, {"start": "00:33:56", "end": "00:34:00", "text": "business and let the big boys and the"}, {"start": "00:33:58", "end": "00:34:01", "text": "money makers uh get rolling because I"}, {"start": "00:34:00", "end": "00:34:03", "text": "think that's"}, {"start": "00:34:01", "end": "00:34:05", "text": ">> Absolutely. Absolutely. And we did"}, {"start": "00:34:03", "end": "00:34:07", "text": "already see this coming a few weeks back"}, {"start": "00:34:05", "end": "00:34:09", "text": "when Paul Atkins rolled out. It wasn't"}, {"start": "00:34:07", "end": "00:34:11", "text": "quite a no action relief. I believe it"}, {"start": "00:34:09", "end": "00:34:14", "text": "was a kind of like a builder's exemption"}, {"start": "00:34:11", "end": "00:34:16", "text": "for crypto companies here in the US. Um"}, {"start": "00:34:14", "end": "00:34:17", "text": "with in their viewpoint, the SEC's"}, {"start": "00:34:16", "end": "00:34:19", "text": "viewpoint looking at these crypto"}, {"start": "00:34:17", "end": "00:34:21", "text": "companies in the US, they're not trying"}, {"start": "00:34:19", "end": "00:34:24", "text": "to stop their development just because"}, {"start": "00:34:21", "end": "00:34:26", "text": "Congress can't get their head out of the"}, {"start": "00:34:24", "end": "00:34:29", "text": "banking industries [�__�] So, sorry"}, {"start": "00:34:26", "end": "00:34:31", "text": "about that. Had to say it. Um now we're"}, {"start": "00:34:29", "end": "00:34:33", "text": "moving on to the other stories here."}, {"start": "00:34:31", "end": "00:34:35", "text": "Moving on to the big one, and this is a"}, {"start": "00:34:33", "end": "00:34:39", "text": "big one for me and TJ. This is DeFi and"}, {"start": "00:34:35", "end": "00:34:41", "text": "a major move for Circle. So,"}, {"start": "00:34:39", "end": "00:34:43", "text": "Circle debuted Arc Blockchain, which"}, {"start": "00:34:41", "end": "00:34:45", "text": "Jeremy Lair calls more consequential"}, {"start": "00:34:43", "end": "00:34:48", "text": "than USDC."}, {"start": "00:34:45", "end": "00:34:51", "text": "And you know, when I'm looking at this,"}, {"start": "00:34:48", "end": "00:34:53", "text": "I think that this is a very, very"}, {"start": "00:34:51", "end": "00:34:55", "text": "intelligent buildout. A group of 21"}, {"start": "00:34:53", "end": "00:34:56", "text": "financial institutions like Bank of"}, {"start": "00:34:55", "end": "00:34:58", "text": "America, City, Goldman Sachs preparing"}, {"start": "00:34:56", "end": "00:35:01", "text": "for that dollar stable coin in the first"}, {"start": "00:34:58", "end": "00:35:03", "text": "half of next year. While the European"}, {"start": "00:35:01", "end": "00:35:07", "text": "consortium is working towards their own"}, {"start": "00:35:03", "end": "00:35:09", "text": "Euro token. Now I remember when I talked"}, {"start": "00:35:07", "end": "00:35:11", "text": "to you like five years ago TJ, you asked"}, {"start": "00:35:09", "end": "00:35:14", "text": "me on a call, what do you think the next"}, {"start": "00:35:11", "end": "00:35:14", "text": "CBDC is going to be?"}, {"start": "00:35:14", "end": "00:35:17", "text": ">> Mhm."}, {"start": "00:35:14", "end": "00:35:20", "text": ">> I answered USDC."}, {"start": "00:35:17", "end": "00:35:22", "text": "That thesis has not changed. Even though"}, {"start": "00:35:20", "end": "00:35:25", "text": "Tether has taken over in terms of market"}, {"start": "00:35:22", "end": "00:35:28", "text": "cap for the time being, I saw this"}, {"start": "00:35:25", "end": "00:35:31", "text": "regulatory sweetheart deal being laid"}, {"start": "00:35:28", "end": "00:35:32", "text": "out for circle in that USDC coin."}, {"start": "00:35:31", "end": "00:35:34", "text": ">> Are you like cuz I"}, {"start": "00:35:32", "end": "00:35:36", "text": ">> I'm in that same boat. Agreed. I mean"}, {"start": "00:35:34", "end": "00:35:40", "text": "USDC Yeah. is basically the new"}, {"start": "00:35:36", "end": "00:35:42", "text": "iteration of the dollar. Uh USDT is"}, {"start": "00:35:40", "end": "00:35:43", "text": "going to be, you know, USDT has always"}, {"start": "00:35:42", "end": "00:35:45", "text": "been the dominant one. You know, it's"}, {"start": "00:35:43", "end": "00:35:48", "text": "always been ahead of USDC, but USDC is"}, {"start": "00:35:45", "end": "00:35:50", "text": "closing the gap on it. Um these are the"}, {"start": "00:35:48", "end": "00:35:52", "text": "new in a lot of ways. These become, you"}, {"start": "00:35:50", "end": "00:35:54", "text": "know, Circle and Tether become the new"}, {"start": "00:35:52", "end": "00:35:57", "text": "central banks effectively, not"}, {"start": "00:35:54", "end": "00:36:00", "text": "necessarily literally, but"}, {"start": "00:35:57", "end": "00:36:02", "text": ">> um these are the new de facto treasury"}, {"start": "00:36:00", "end": "00:36:04", "text": "holders because of the Genius Act."}, {"start": "00:36:02", "end": "00:36:06", "text": "That's why they've been given the clear"}, {"start": "00:36:04", "end": "00:36:09", "text": "path to grow and expand because they're"}, {"start": "00:36:06", "end": "00:36:11", "text": "required to hold treasuries now. And"}, {"start": "00:36:09", "end": "00:36:12", "text": "yeah, I mean, I think ARC ARC is going"}, {"start": "00:36:11", "end": "00:36:14", "text": "to be an interesting one to keep an eye"}, {"start": "00:36:12", "end": "00:36:16", "text": "on. Again, the partnerships that are"}, {"start": "00:36:14", "end": "00:36:17", "text": "there, the liquidity that's going to"}, {"start": "00:36:16", "end": "00:36:19", "text": "flow through there is going to be very"}, {"start": "00:36:17", "end": "00:36:21", "text": "attractive for people to create"}, {"start": "00:36:19", "end": "00:36:22", "text": "financial apps on top of. This is"}, {"start": "00:36:21", "end": "00:36:26", "text": "basically they're basically"}, {"start": "00:36:22", "end": "00:36:27", "text": "financializing the entire world. Um,"}, {"start": "00:36:26", "end": "00:36:28", "text": "that's what crypto is doing. That's"}, {"start": "00:36:27", "end": "00:36:29", "text": "what, you know, everything is going to"}, {"start": "00:36:28", "end": "00:36:32", "text": "be tradable. Everything's going to be"}, {"start": "00:36:29", "end": "00:36:34", "text": "tokenized. I mean, we've got uh I mean,"}, {"start": "00:36:32", "end": "00:36:37", "text": "look at the growth rate of the"}, {"start": "00:36:34", "end": "00:36:39", "text": "tokenization. You know, this is total"}, {"start": "00:36:37", "end": "00:36:41", "text": "tokenized equity and it's, you know,"}, {"start": "00:36:39", "end": "00:36:45", "text": "this is from this is only a year. This"}, {"start": "00:36:41", "end": "00:36:48", "text": "is September 25 to August 26 from point4"}, {"start": "00:36:45", "end": "00:36:51", "text": "billion to almost $3 billion. I think"}, {"start": "00:36:48", "end": "00:36:53", "text": "it's got the Yeah, it's basically marks"}, {"start": "00:36:51", "end": "00:36:56", "text": "another 12% month overmonth, 262%"}, {"start": "00:36:53", "end": "00:36:58", "text": "increase year-to- date. We expect to see"}, {"start": "00:36:56", "end": "00:37:01", "text": "another record high in September's DEX"}, {"start": "00:36:58", "end": "00:37:03", "text": "volume surge. Like this right here, what"}, {"start": "00:37:01", "end": "00:37:04", "text": "we're seeing with Circle, what we're"}, {"start": "00:37:03", "end": "00:37:06", "text": "seeing with all of these things is a big"}, {"start": "00:37:04", "end": "00:37:08", "text": "part of why I'm talking about onchain"}, {"start": "00:37:06", "end": "00:37:11", "text": "finance, right? This is where the big"}, {"start": "00:37:08", "end": "00:37:12", "text": "opportunity in crypto is. This is where"}, {"start": "00:37:11", "end": "00:37:15", "text": "the money is flowing. This is where the"}, {"start": "00:37:12", "end": "00:37:16", "text": "volume is flowing. This is how you are"}, {"start": "00:37:15", "end": "00:37:18", "text": "going to be able to earn off your"}, {"start": "00:37:16", "end": "00:37:21", "text": "portfolio and just things are going to"}, {"start": "00:37:18", "end": "00:37:22", "text": "continue to get better in crypto. So, uh"}, {"start": "00:37:21", "end": "00:37:23", "text": "yeah, I don't need a bank anymore. I am"}, {"start": "00:37:22", "end": "00:37:25", "text": "the bank. You are the bank. We are the"}, {"start": "00:37:23", "end": "00:37:26", "text": "bank. That's why banks are so pissed."}, {"start": "00:37:25", "end": "00:37:29", "text": "That's absolutely true. I don't need a"}, {"start": "00:37:26", "end": "00:37:31", "text": "bank. Not only do we not need a bank, we"}, {"start": "00:37:29", "end": "00:37:33", "text": "barely need uh exchanges. Why do you"}, {"start": "00:37:31", "end": "00:37:36", "text": "think NASDAQ is moving on chain? Right?"}, {"start": "00:37:33", "end": "00:37:38", "text": "Like not only I can be a bank by storing"}, {"start": "00:37:36", "end": "00:37:41", "text": "my own value in Bitcoin. I can be my own"}, {"start": "00:37:38", "end": "00:37:42", "text": "market maker by providing liquidity, you"}, {"start": "00:37:41", "end": "00:37:43", "text": "know, I can be my own liquidity provider"}, {"start": "00:37:42", "end": "00:37:46", "text": "on these exchanges. You doing"}, {"start": "00:37:43", "end": "00:37:48", "text": "concentrated liquidity. I can earn fees"}, {"start": "00:37:46", "end": "00:37:50", "text": "for other people trading. I can be part"}, {"start": "00:37:48", "end": "00:37:53", "text": "of the house by owning these DeFi"}, {"start": "00:37:50", "end": "00:37:55", "text": "protocols. So, it's that is a major"}, {"start": "00:37:53", "end": "00:37:57", "text": "fundamental shift in what's going on. Uh"}, {"start": "00:37:55", "end": "00:38:00", "text": "it's much like when the internet came"}, {"start": "00:37:57", "end": "00:38:02", "text": "out, the way it changed the way"}, {"start": "00:38:00", "end": "00:38:04", "text": "information traveled and doesn't"}, {"start": "00:38:02", "end": "00:38:06", "text": "necessarily mean the old institutions"}, {"start": "00:38:04", "end": "00:38:08", "text": "went away. Obviously, some of those old"}, {"start": "00:38:06", "end": "00:38:10", "text": "newspapers and media companies are still"}, {"start": "00:38:08", "end": "00:38:13", "text": "media companies, but they've had to move"}, {"start": "00:38:10", "end": "00:38:15", "text": "into the digital world. Exactly the same"}, {"start": "00:38:13", "end": "00:38:17", "text": "type of thing we're seeing with the"}, {"start": "00:38:15", "end": "00:38:19", "text": "financial world right now. Everything in"}, {"start": "00:38:17", "end": "00:38:21", "text": "finance is changing and it's going"}, {"start": "00:38:19", "end": "00:38:24", "text": "digital. The velocity is increasing uh"}, {"start": "00:38:21", "end": "00:38:25", "text": "and who can participate is increasing."}, {"start": "00:38:24", "end": "00:38:28", "text": "And that's what's exciting to me is for"}, {"start": "00:38:25", "end": "00:38:30", "text": "the first time ever, we can participate"}, {"start": "00:38:28", "end": "00:38:33", "text": "in financial transactions. We can uh"}, {"start": "00:38:30", "end": "00:38:35", "text": "earn money on our money better than we"}, {"start": "00:38:33", "end": "00:38:37", "text": "could before. we can earn money on"}, {"start": "00:38:35", "end": "00:38:40", "text": "trades in a way that didn't exist before"}, {"start": "00:38:37", "end": "00:38:41", "text": "and yeah it's it's pretty exciting to be"}, {"start": "00:38:40", "end": "00:38:43", "text": "honest"}, {"start": "00:38:41", "end": "00:38:45", "text": ">> absolutely and and this is uh you know"}, {"start": "00:38:43", "end": "00:38:47", "text": "seeing this move from circle in this"}, {"start": "00:38:45", "end": "00:38:49", "text": "integration what I hope that they hold"}, {"start": "00:38:47", "end": "00:38:52", "text": "on to is the ability of freedom of"}, {"start": "00:38:49", "end": "00:38:55", "text": "movement of transactions which is still"}, {"start": "00:38:52", "end": "00:38:57", "text": "under question right I mean when the"}, {"start": "00:38:55", "end": "00:38:59", "text": "Iran stuff started I think it was like"}, {"start": "00:38:57", "end": "00:39:02", "text": "three or four years ago we saw that the"}, {"start": "00:38:59", "end": "00:39:04", "text": "moment that the US infrastructure wanted"}, {"start": "00:39:02", "end": "00:39:06", "text": "to shut down Iranian ethereal movements,"}, {"start": "00:39:04", "end": "00:39:08", "text": "they were able to do so. So, that's what"}, {"start": "00:39:06", "end": "00:39:11", "text": "I hope that we're able to build in this."}, {"start": "00:39:08", "end": "00:39:13", "text": "Uh, but Circle in terms of a stock is"}, {"start": "00:39:11", "end": "00:39:16", "text": "looking quite attractive once again."}, {"start": "00:39:13", "end": "00:39:17", "text": "Circle falling down to $81 a share right"}, {"start": "00:39:16", "end": "00:39:20", "text": "now."}, {"start": "00:39:17", "end": "00:39:21", "text": ">> And this is uh pretty exciting for me"}, {"start": "00:39:20", "end": "00:39:26", "text": "because this floor is developed right"}, {"start": "00:39:21", "end": "00:39:27", "text": "around like 50 60 bucks. And I mean, I I"}, {"start": "00:39:26", "end": "00:39:30", "text": "kind of want to spend a little bit of"}, {"start": "00:39:27", "end": "00:39:32", "text": "time on this because I like Circle as a"}, {"start": "00:39:30", "end": "00:39:35", "text": "stock long term. And I feel like it's"}, {"start": "00:39:32", "end": "00:39:37", "text": "one of the, you know, crypto company"}, {"start": "00:39:35", "end": "00:39:38", "text": "behemoths out of the United States that"}, {"start": "00:39:37", "end": "00:39:41", "text": "is here to stay. This thing is sitting"}, {"start": "00:39:38", "end": "00:39:43", "text": "right at its point of control for the"}, {"start": "00:39:41", "end": "00:39:47", "text": "entire price action of its whole trading"}, {"start": "00:39:43", "end": "00:39:49", "text": "history right now. So, right around $80."}, {"start": "00:39:47", "end": "00:39:50", "text": "Actually, I might need to start. Screw"}, {"start": "00:39:49", "end": "00:39:53", "text": "crypto. I'm going to buy this thing. I"}, {"start": "00:39:50", "end": "00:39:55", "text": "mean, this is pretty nice for me to see."}, {"start": "00:39:53", "end": "00:39:58", "text": "I could see it, you know, coming down,"}, {"start": "00:39:55", "end": "00:39:59", "text": "maybe testing the $70 mark. All we're"}, {"start": "00:39:58", "end": "00:40:02", "text": "looking for here is a series of higher"}, {"start": "00:39:59", "end": "00:40:04", "text": "lows to keep developing out of this. And"}, {"start": "00:40:02", "end": "00:40:08", "text": "let's say we do go through an October"}, {"start": "00:40:04", "end": "00:40:10", "text": "October bumfest. You know, we could"}, {"start": "00:40:08", "end": "00:40:13", "text": "retap this, but this whole range, as"}, {"start": "00:40:10", "end": "00:40:16", "text": "long as we don't breach above, you know,"}, {"start": "00:40:13", "end": "00:40:17", "text": "that $120 mark right about, I'll feel"}, {"start": "00:40:16", "end": "00:40:19", "text": "like I'm still in really good"}, {"start": "00:40:17", "end": "00:40:21", "text": "opportunity zone for circle stock. But I"}, {"start": "00:40:19", "end": "00:40:24", "text": "like where it's pulled back to now. Moro"}, {"start": "00:40:21", "end": "00:40:25", "text": "someone asked me about"}, {"start": "00:40:24", "end": "00:40:26", "text": ">> Oh, real quick. I saw somebody I"}, {"start": "00:40:25", "end": "00:40:28", "text": "answered this in chat at the top of the"}, {"start": "00:40:26", "end": "00:40:29", "text": "show, but somebody was asking about"}, {"start": "00:40:28", "end": "00:40:31", "text": "today's school call. We did have to if"}, {"start": "00:40:29", "end": "00:40:34", "text": "you're in school, we did have to"}, {"start": "00:40:31", "end": "00:40:36", "text": "reschedule today's school call. Uh, it's"}, {"start": "00:40:34", "end": "00:40:39", "text": "right at the time of the FOMC, you know,"}, {"start": "00:40:36", "end": "00:40:41", "text": "2:00 today and the FOMC is at 2:30. So,"}, {"start": "00:40:39", "end": "00:40:43", "text": "we're going to have to move that one."}, {"start": "00:40:41", "end": "00:40:46", "text": "We're going to be doing uh top uh crypto"}, {"start": "00:40:43", "end": "00:40:47", "text": "tax misconceptions with actual CPA"}, {"start": "00:40:46", "end": "00:40:49", "text": "coming in answering you guys' questions."}, {"start": "00:40:47", "end": "00:40:52", "text": "We will do that. Uh but it's not going"}, {"start": "00:40:49", "end": "00:40:54", "text": "to be today. Today is the biggest or the"}, {"start": "00:40:52", "end": "00:40:56", "text": "probably the most relevant FOMC meeting"}, {"start": "00:40:54", "end": "00:40:58", "text": "of the year. Uh we couldn't afford to"}, {"start": "00:40:56", "end": "00:41:00", "text": "miss that one. Uh and ultimately might"}, {"start": "00:40:58", "end": "00:41:03", "text": "change. Wednesdays at two is G. This is"}, {"start": "00:41:00", "end": "00:41:06", "text": "going to be a recurring issue. Um not"}, {"start": "00:41:03", "end": "00:41:09", "text": "too often, but uh might I I meant to"}, {"start": "00:41:06", "end": "00:41:11", "text": "move it weeks ago and I just forgot. So"}, {"start": "00:41:09", "end": "00:41:13", "text": "I sent an email out last night that we"}, {"start": "00:41:11", "end": "00:41:15", "text": "were rescheduling it. So we will get"}, {"start": "00:41:13", "end": "00:41:16", "text": "that call in. Uh but it's not going to"}, {"start": "00:41:15", "end": "00:41:18", "text": "be today. So I just wanted to mention"}, {"start": "00:41:16", "end": "00:41:20", "text": "that. Sorry. We realized it as I was at"}, {"start": "00:41:18", "end": "00:41:22", "text": "the batting cages last night"}, {"start": "00:41:20", "end": "00:41:24", "text": ">> at like 9:00 last night. I'm like, \"Dang"}, {"start": "00:41:22", "end": "00:41:25", "text": "it, I did it again.\" So, uh, sorry about"}, {"start": "00:41:24", "end": "00:41:27", "text": "that, guys."}, {"start": "00:41:25", "end": "00:41:28", "text": ">> Yeah. No, we but we'll make sure it"}, {"start": "00:41:27", "end": "00:41:30", "text": "happened. And I am now in the groove"}, {"start": "00:41:28", "end": "00:41:33", "text": "where I can start doing those market"}, {"start": "00:41:30", "end": "00:41:34", "text": "open live trade analysis shows inside of"}, {"start": "00:41:33", "end": "00:41:36", "text": "school as well, so we can get a good"}, {"start": "00:41:34", "end": "00:41:39", "text": "feeling and an understanding of the"}, {"start": "00:41:36", "end": "00:41:41", "text": "money flow and where Bitcoin and crypto"}, {"start": "00:41:39", "end": "00:41:43", "text": "is likely to go before the market bell"}, {"start": "00:41:41", "end": "00:41:47", "text": "opens um, live inside of school. Now,"}, {"start": "00:41:43", "end": "00:41:50", "text": "Morpho particularly is one of the"}, {"start": "00:41:47", "end": "00:41:52", "text": "strongest most uh opportune charts for"}, {"start": "00:41:50", "end": "00:41:54", "text": "me when I'm looking at what to buy. I"}, {"start": "00:41:52", "end": "00:41:56", "text": "did move into Morpho with pretty decent"}, {"start": "00:41:54", "end": "00:41:57", "text": "size right around the I think it was a"}, {"start": "00:41:56", "end": "00:42:00", "text": "buck 95 or something like right around"}, {"start": "00:41:57", "end": "00:42:02", "text": "two basically two bucks. Um it's"}, {"start": "00:42:00", "end": "00:42:05", "text": "returned back to two bucks right now."}, {"start": "00:42:02", "end": "00:42:10", "text": "What I'm actually hopeful for is"}, {"start": "00:42:05", "end": "00:42:13", "text": "I mean I think a retest around"}, {"start": "00:42:10", "end": "00:42:16", "text": "170 maybe if I'm lucky enough 150 could"}, {"start": "00:42:13", "end": "00:42:19", "text": "be in the cards if we get real strong"}, {"start": "00:42:16", "end": "00:42:22", "text": "bearish momentum. Uh, right now though,"}, {"start": "00:42:19", "end": "00:42:24", "text": "I think the more local continued DCA"}, {"start": "00:42:22", "end": "00:42:27", "text": "point for me, I am I'm totally fine"}, {"start": "00:42:24", "end": "00:42:29", "text": "buying Morpho at indeent size around two"}, {"start": "00:42:27", "end": "00:42:32", "text": "bucks, but I would get much more"}, {"start": "00:42:29", "end": "00:42:34", "text": "aggressive as we get to the mid $1"}, {"start": "00:42:32", "end": "00:42:36", "text": "region. Uh, the integrations with Morpho"}, {"start": "00:42:34", "end": "00:42:40", "text": "aren't stopping. The TVL isn't growing,"}, {"start": "00:42:36", "end": "00:42:41", "text": "and it's, you know, really difficult to"}, {"start": "00:42:40", "end": "00:42:45", "text": "find something in crypto that doesn't"}, {"start": "00:42:41", "end": "00:42:47", "text": "feel like money laundering. We have"}, {"start": "00:42:45", "end": "00:42:50", "text": "major and and speaking of"}, {"start": "00:42:47", "end": "00:42:53", "text": "moneyaundering, did you see this? Uh,"}, {"start": "00:42:50", "end": "00:42:56", "text": "California's high-speed rail project,"}, {"start": "00:42:53", "end": "00:42:58", "text": "potentially the largest moneyaundering"}, {"start": "00:42:56", "end": "00:43:00", "text": "operation in recorded history. Have you"}, {"start": "00:42:58", "end": "00:43:03", "text": "I need to start doing some basement deep"}, {"start": "00:43:00", "end": "00:43:03", "text": "dives on the California highspeed rail"}, {"start": "00:43:03", "end": "00:43:05", "text": "system."}, {"start": "00:43:03", "end": "00:43:08", "text": ">> I'm not I didn't see this, but this"}, {"start": "00:43:05", "end": "00:43:09", "text": "doesn't shock me one bit."}, {"start": "00:43:08", "end": "00:43:12", "text": ">> Nick Shirley's out there. You remember"}, {"start": "00:43:09", "end": "00:43:13", "text": "he's the guy that did the Minnesota."}, {"start": "00:43:12", "end": "00:43:17", "text": "Yeah."}, {"start": "00:43:13", "end": "00:43:20", "text": ">> Um, now he's diving into this high-speed"}, {"start": "00:43:17", "end": "00:43:22", "text": "rail scam out of California. I"}, {"start": "00:43:20", "end": "00:43:24", "text": "absolutely love this. I love the energy"}, {"start": "00:43:22", "end": "00:43:26", "text": "of this guy. Keep it up, Nick. I will"}, {"start": "00:43:24", "end": "00:43:29", "text": "absolutely support you. And I think I'm"}, {"start": "00:43:26", "end": "00:43:30", "text": "going to be doing some dives on it. Um,"}, {"start": "00:43:29", "end": "00:43:33", "text": "you know, on the blockchain basement."}, {"start": "00:43:30", "end": "00:43:36", "text": "But speaking of money laundering, how's"}, {"start": "00:43:33", "end": "00:43:37", "text": "XRP doing? We got a problem. So XRP,"}, {"start": "00:43:36", "end": "00:43:40", "text": "[clears throat]"}, {"start": "00:43:37", "end": "00:43:43", "text": "it had a very, very sharp move up. It"}, {"start": "00:43:40", "end": "00:43:44", "text": "moved nicely in tandem with the rest of"}, {"start": "00:43:43", "end": "00:43:47", "text": "the altcoin market and actually"}, {"start": "00:43:44", "end": "00:43:49", "text": "outperformed a lot of the altcoin"}, {"start": "00:43:47", "end": "00:43:53", "text": "short-term glow up from that move where"}, {"start": "00:43:49", "end": "00:43:56", "text": "Bitcoin pumped from 62 up to 75ish."}, {"start": "00:43:53", "end": "00:43:59", "text": "And that was a move of about 71%. Now,"}, {"start": "00:43:56", "end": "00:44:00", "text": "it's given up a good chunk of that."}, {"start": "00:43:59", "end": "00:44:04", "text": "Given up a good chunk of that. It's down"}, {"start": "00:44:00", "end": "00:44:07", "text": "by about 24% from that local move. XRP"}, {"start": "00:44:04", "end": "00:44:10", "text": "the it's not really this candle or the"}, {"start": "00:44:07", "end": "00:44:14", "text": "last few weekly candles that concern me."}, {"start": "00:44:10", "end": "00:44:16", "text": "It's the fact that this money flow is in"}, {"start": "00:44:14", "end": "00:44:20", "text": "the red deeper in the red than it's ever"}, {"start": "00:44:16", "end": "00:44:23", "text": "been and it seems to be getting worse."}, {"start": "00:44:20", "end": "00:44:26", "text": "So, right now when it comes to XRP, you"}, {"start": "00:44:23", "end": "00:44:31", "text": "know, I already begrudgingly hold this"}, {"start": "00:44:26", "end": "00:44:33", "text": "stuff from way back. And I'm not mad. I"}, {"start": "00:44:31", "end": "00:44:34", "text": "ain't going to be mad at it if I see"}, {"start": "00:44:33", "end": "00:44:36", "text": "people being bullish about the entry"}, {"start": "00:44:34", "end": "00:44:39", "text": "points at 80 cents. I'm just going to"}, {"start": "00:44:36", "end": "00:44:41", "text": "say that right now. this gold box. You"}, {"start": "00:44:39", "end": "00:44:43", "text": "know, if we get continued pressure to"}, {"start": "00:44:41", "end": "00:44:45", "text": "the downside on the crypto market as an"}, {"start": "00:44:43", "end": "00:44:46", "text": "aggregate, I'm not going to be mad at"}, {"start": "00:44:45", "end": "00:44:49", "text": "entry points here because I do think"}, {"start": "00:44:46", "end": "00:44:51", "text": "that XRP is one of the stronger altcoins"}, {"start": "00:44:49", "end": "00:44:54", "text": "compared to Bitcoin and it's got one of"}, {"start": "00:44:51", "end": "00:44:56", "text": "the best and most feverish cults that,"}, {"start": "00:44:54", "end": "00:44:59", "text": "you know, it's it's an unstoppable"}, {"start": "00:44:56", "end": "00:45:01", "text": "force. So, XRP, it's got some tailwinds."}, {"start": "00:44:59", "end": "00:45:04", "text": "The main problem that I see is on the"}, {"start": "00:45:01", "end": "00:45:06", "text": "weekly time frame, this money flow uh is"}, {"start": "00:45:04", "end": "00:45:09", "text": "getting very, very deep. There's not"}, {"start": "00:45:06", "end": "00:45:10", "text": "many charts out there that go this deep."}, {"start": "00:45:09", "end": "00:45:14", "text": "Negative -32 on money flow for the"}, {"start": "00:45:10", "end": "00:45:18", "text": "weekly time frame. Now, daily also bad."}, {"start": "00:45:14", "end": "00:45:20", "text": "Um, this is, you know, this is why I"}, {"start": "00:45:18", "end": "00:45:23", "text": "avoid things like this because I don't"}, {"start": "00:45:20", "end": "00:45:26", "text": "have this $10 potential for XRP in this"}, {"start": "00:45:23", "end": "00:45:28", "text": "bull market. I have like a three $4"}, {"start": "00:45:26", "end": "00:45:30", "text": "maybe $5 if it's extra lucky potential"}, {"start": "00:45:28", "end": "00:45:33", "text": "for this project and I can get much"}, {"start": "00:45:30", "end": "00:45:35", "text": "better gains out of other altcoins and"}, {"start": "00:45:33", "end": "00:45:36", "text": "it already comes with its own risk."}, {"start": "00:45:35", "end": "00:45:40", "text": "Hyperlid, we covered this news a little"}, {"start": "00:45:36", "end": "00:45:42", "text": "bit. Kraken parent company Payword is"}, {"start": "00:45:40", "end": "00:45:44", "text": "offering Hyperlid powered perpetuals in"}, {"start": "00:45:42", "end": "00:45:46", "text": "the United States. Even though Clarity"}, {"start": "00:45:44", "end": "00:45:49", "text": "doesn't move forward, Hyperlid's coming"}, {"start": "00:45:46", "end": "00:45:51", "text": "in anyways. Now, the Hyperlid chart,"}, {"start": "00:45:49", "end": "00:45:54", "text": "[snorts] uh, the last buy spot that I"}, {"start": "00:45:51", "end": "00:45:58", "text": "had was in the 50s in the 55 mark and"}, {"start": "00:45:54", "end": "00:46:00", "text": "I've been holding on just kind of I"}, {"start": "00:45:58", "end": "00:46:02", "text": "really want this thing to pull back down"}, {"start": "00:46:00", "end": "00:46:04", "text": "to this continued trend line that it's"}, {"start": "00:46:02", "end": "00:46:06", "text": "been riding up for some time. I'm not"}, {"start": "00:46:04", "end": "00:46:09", "text": "going to be surprised if this plays out."}, {"start": "00:46:06", "end": "00:46:10", "text": "The weekly is printed a red dot locally."}, {"start": "00:46:09", "end": "00:46:12", "text": "It's got some good news today which"}, {"start": "00:46:10", "end": "00:46:14", "text": "might be able to shake off the red dot"}, {"start": "00:46:12", "end": "00:46:17", "text": "in the daily time frame. It's trying to"}, {"start": "00:46:14", "end": "00:46:19", "text": "move up and it's actually moving against"}, {"start": "00:46:17", "end": "00:46:22", "text": "the tide right now as Bitcoin and a lot"}, {"start": "00:46:19", "end": "00:46:24", "text": "of altcoins are really getting crushed."}, {"start": "00:46:22", "end": "00:46:28", "text": "Uh Hyperlid's still holding on really"}, {"start": "00:46:24", "end": "00:46:31", "text": "really strong. So here's this here's my"}, {"start": "00:46:28", "end": "00:46:34", "text": "plan for Hyperlid. I will add another"}, {"start": "00:46:31", "end": "00:46:38", "text": "set if if we continue to kind of range"}, {"start": "00:46:34", "end": "00:46:41", "text": "or slide to the downside. My comfy very"}, {"start": "00:46:38", "end": "00:46:46", "text": "comfy adding point for hyperlquids right"}, {"start": "00:46:41", "end": "00:46:47", "text": "around the mid60s maybe low60s"}, {"start": "00:46:46", "end": "00:46:49", "text": "but I will have to watch and see if"}, {"start": "00:46:47", "end": "00:46:52", "text": "there's just a general floor developed"}, {"start": "00:46:49", "end": "00:46:54", "text": "from this previous peak around $70 and"}, {"start": "00:46:52", "end": "00:46:56", "text": "it's right around 78 right now. It's"}, {"start": "00:46:54", "end": "00:46:58", "text": "fighting back for the time being. And"}, {"start": "00:46:56", "end": "00:47:01", "text": "that's my my general spot plan for this"}, {"start": "00:46:58", "end": "00:47:03", "text": "week and so far is to let the Clarity"}, {"start": "00:47:01", "end": "00:47:05", "text": "Act fail, let this Federal Reserve"}, {"start": "00:47:03", "end": "00:47:09", "text": "meeting happen, let some of the dust"}, {"start": "00:47:05", "end": "00:47:11", "text": "settle before I decide what to do um"}, {"start": "00:47:09", "end": "00:47:13", "text": "with my next kind of spot entry game"}, {"start": "00:47:11", "end": "00:47:15", "text": "plan. And there are some headwinds"}, {"start": "00:47:13", "end": "00:47:16", "text": "coming in. Like as we said at the"}, {"start": "00:47:15", "end": "00:47:18", "text": "beginning of the show, uh there's a"}, {"start": "00:47:16", "end": "00:47:21", "text": "target that we've been talking about on"}, {"start": "00:47:18", "end": "00:47:25", "text": "here for a really long time. It's at 74"}, {"start": "00:47:21", "end": "00:47:27", "text": "72 to 74,000 bucks. the golden pocket of"}, {"start": "00:47:25", "end": "00:47:30", "text": "this previous draw down from 82 down to"}, {"start": "00:47:27", "end": "00:47:33", "text": "the extreme low of 577."}, {"start": "00:47:30", "end": "00:47:36", "text": "So locally, I could see some some bounce"}, {"start": "00:47:33", "end": "00:47:38", "text": "to the ounce for Bitcoin in this region."}, {"start": "00:47:36", "end": "00:47:39", "text": "Basically re it's a big range. I know"}, {"start": "00:47:38", "end": "00:47:42", "text": "that if you're leverage trading on high"}, {"start": "00:47:39", "end": "00:47:47", "text": "leverage is a big range to look at, but"}, {"start": "00:47:42", "end": "00:47:49", "text": "it does range from 729 up to 74 flat."}, {"start": "00:47:47", "end": "00:47:52", "text": "And I could see Bitcoin catching a bid"}, {"start": "00:47:49", "end": "00:47:54", "text": "and a little bit of chaos. So maybe I'll"}, {"start": "00:47:52", "end": "00:47:57", "text": "get a little bit frisky if I do see that"}, {"start": "00:47:54", "end": "00:48:00", "text": "snap crash down to the 73 mid73 mark."}, {"start": "00:47:57", "end": "00:48:04", "text": "Liquidation levels are looking a little"}, {"start": "00:48:00", "end": "00:48:05", "text": "bit interesting right now. And I know"}, {"start": "00:48:04", "end": "00:48:07", "text": "for one thing I'm going to be keeping a"}, {"start": "00:48:05", "end": "00:48:08", "text": "stop loss on these regardless, right?"}, {"start": "00:48:07", "end": "00:48:11", "text": "Because it's either you're right or"}, {"start": "00:48:08", "end": "00:48:12", "text": "you're wrong or you're extremely wrong."}, {"start": "00:48:11", "end": "00:48:15", "text": "Stop losses are very very important"}, {"start": "00:48:12", "end": "00:48:19", "text": "especially during the FOMC and there is"}, {"start": "00:48:15", "end": "00:48:22", "text": "a a reason a magnet below us at $75,000"}, {"start": "00:48:19", "end": "00:48:25", "text": "flat. A lot of longs are in position"}, {"start": "00:48:22", "end": "00:48:27", "text": "right now leading up to the FOMC. That's"}, {"start": "00:48:25", "end": "00:48:29", "text": "one of the more chaotic feelings uh"}, {"start": "00:48:27", "end": "00:48:32", "text": "having a a trade open during FOMC. Now,"}, {"start": "00:48:29", "end": "00:48:34", "text": "a"}, {"start": "00:48:32", "end": "00:48:37", "text": "is another one that's in the, you know,"}, {"start": "00:48:34", "end": "00:48:40", "text": "a I feel as good about as I do"}, {"start": "00:48:37", "end": "00:48:44", "text": "Hyperlquid, but the risk toreward ratio"}, {"start": "00:48:40", "end": "00:48:47", "text": "on A for me is way higher."}, {"start": "00:48:44", "end": "00:48:49", "text": ">> Um, this is an interesting chart. Have"}, {"start": "00:48:47", "end": "00:48:50", "text": "you seen this one where I mean obviously"}, {"start": "00:48:49", "end": "00:48:53", "text": "I think you know because you hold a a"}, {"start": "00:48:50", "end": "00:48:55", "text": "good bag of it, but"}, {"start": "00:48:53", "end": "00:48:57", "text": "I think that we're going back down to 90"}, {"start": "00:48:55", "end": "00:48:57", "text": "bucks or maybe 80 on this. Could we get"}, {"start": "00:48:57", "end": "00:48:58", "text": "a nice"}, {"start": "00:48:57", "end": "00:49:00", "text": ">> It could It definitely could. I mean,"}, {"start": "00:48:58", "end": "00:49:03", "text": "and I don't think we're out of the woods"}, {"start": "00:49:00", "end": "00:49:05", "text": "yet completely, but I what I want to say"}, {"start": "00:49:03", "end": "00:49:06", "text": "here, because we're obviously talking"}, {"start": "00:49:05", "end": "00:49:08", "text": "about prices going down, prices are"}, {"start": "00:49:06", "end": "00:49:11", "text": "pulling back a little bit. This has been"}, {"start": "00:49:08", "end": "00:49:13", "text": "the week we've been saying that. Um, I"}, {"start": "00:49:11", "end": "00:49:14", "text": "just want to encourage people, you know,"}, {"start": "00:49:13", "end": "00:49:18", "text": "obviously pick good entries. That"}, {"start": "00:49:14", "end": "00:49:20", "text": "matters. But realistically, we are in a"}, {"start": "00:49:18", "end": "00:49:22", "text": "pretty good entry zone for a lot of"}, {"start": "00:49:20", "end": "00:49:24", "text": "these coins. Even the ones that have"}, {"start": "00:49:22", "end": "00:49:25", "text": "like a, you know, like you can see it's"}, {"start": "00:49:24", "end": "00:49:26", "text": "pumped up. it could come back down to"}, {"start": "00:49:25", "end": "00:49:30", "text": "that green line, but even if you bought"}, {"start": "00:49:26", "end": "00:49:32", "text": "it here, there's still plenty of upside"}, {"start": "00:49:30", "end": "00:49:35", "text": ">> to go. And I really do believe, and"}, {"start": "00:49:32", "end": "00:49:37", "text": "again, I I was a four-year cycle purist"}, {"start": "00:49:35", "end": "00:49:39", "text": "for a very long time. And so, if you"}, {"start": "00:49:37", "end": "00:49:41", "text": "take that into account, we've still got"}, {"start": "00:49:39", "end": "00:49:42", "text": "some time, right? We've got some time to"}, {"start": "00:49:41", "end": "00:49:43", "text": "chop if you're doing the four-ear cycle"}, {"start": "00:49:42", "end": "00:49:46", "text": "thing. I don't think we're going to get"}, {"start": "00:49:43", "end": "00:49:47", "text": "the exact bottom in October like people"}, {"start": "00:49:46", "end": "00:49:50", "text": "were talking about. So there's there's"}, {"start": "00:49:47", "end": "00:49:51", "text": "some variations to my opinion or or to"}, {"start": "00:49:50", "end": "00:49:54", "text": "what I believe is going to happen"}, {"start": "00:49:51", "end": "00:49:56", "text": "compared to history, but I do believe"}, {"start": "00:49:54", "end": "00:49:57", "text": "very strongly that we're going to see"}, {"start": "00:49:56", "end": "00:50:00", "text": "the end of diminished returns. And the"}, {"start": "00:49:57", "end": "00:50:03", "text": "number one thing you need to do in this"}, {"start": "00:50:00", "end": "00:50:05", "text": "phase of the cycle is don't get shaken"}, {"start": "00:50:03", "end": "00:50:07", "text": "out. Don't let people convince you that"}, {"start": "00:50:05", "end": "00:50:10", "text": "it's over. Don't let people convince you"}, {"start": "00:50:07", "end": "00:50:11", "text": "to sell everything and walk away. You"}, {"start": "00:50:10", "end": "00:50:14", "text": "know, accumulate what you have"}, {"start": "00:50:11", "end": "00:50:16", "text": "conviction in. I'm very clear on what my"}, {"start": "00:50:14", "end": "00:50:17", "text": "conviction is and I am in accumulation"}, {"start": "00:50:16", "end": "00:50:18", "text": "mode on a lot of these things. I'm going"}, {"start": "00:50:17", "end": "00:50:22", "text": "to tell you guys what I'm doing and when"}, {"start": "00:50:18", "end": "00:50:24", "text": "I'm doing it. But a yes I have probably,"}, {"start": "00:50:22", "end": "00:50:28", "text": "you know, arguably depending on who you"}, {"start": "00:50:24", "end": "00:50:30", "text": "ask a irresponsible position in a you"}, {"start": "00:50:28", "end": "00:50:33", "text": "know very it's one of my top holdings"}, {"start": "00:50:30", "end": "00:50:34", "text": "and I do believe it has the potential to"}, {"start": "00:50:33", "end": "00:50:36", "text": "be you know like one of the biggest"}, {"start": "00:50:34", "end": "00:50:39", "text": "banks out there. Lending and borrowing"}, {"start": "00:50:36", "end": "00:50:42", "text": "huge industry a is about as entrenched"}, {"start": "00:50:39", "end": "00:50:45", "text": "as you can get in that industry. massive"}, {"start": "00:50:42", "end": "00:50:47", "text": "product market fit. Uh the uh align the"}, {"start": "00:50:45", "end": "00:50:49", "text": "token holders are fully aligned with the"}, {"start": "00:50:47", "end": "00:50:52", "text": "protocol revenue that's being generated."}, {"start": "00:50:49", "end": "00:50:54", "text": "So good revenue, good tokconomics, good"}, {"start": "00:50:52", "end": "00:50:56", "text": "product market fit, good narrative, all"}, {"start": "00:50:54", "end": "00:50:58", "text": "that sort of stuff. So yeah, a"}, {"start": "00:50:56", "end": "00:51:00", "text": "extremely bullish chart in my opinion."}, {"start": "00:50:58", "end": "00:51:01", "text": "Now in the short term, you might get a"}, {"start": "00:51:00", "end": "00:51:03", "text": "decent entry, you might not. You know,"}, {"start": "00:51:01", "end": "00:51:05", "text": "you you can kind of obsess over that as"}, {"start": "00:51:03", "end": "00:51:06", "text": "much as you want, but I do want to tell"}, {"start": "00:51:05", "end": "00:51:08", "text": "people, and maybe I should have saved"}, {"start": "00:51:06", "end": "00:51:11", "text": "this for the end of the show, but really"}, {"start": "00:51:08", "end": "00:51:14", "text": "like be patient,"}, {"start": "00:51:11", "end": "00:51:18", "text": "zoom out. What's happening on a macro"}, {"start": "00:51:14", "end": "00:51:20", "text": "scale is the most bullish thing in a lot"}, {"start": "00:51:18", "end": "00:51:22", "text": "of ways that has ever happened in"}, {"start": "00:51:20", "end": "00:51:26", "text": "crypto. Everything's coming on chain."}, {"start": "00:51:22", "end": "00:51:29", "text": "the entire stock market, RWAs, private"}, {"start": "00:51:26", "end": "00:51:31", "text": "equity, real estate, bonds, you know,"}, {"start": "00:51:29", "end": "00:51:34", "text": "like all of the money in the world is"}, {"start": "00:51:31", "end": "00:51:36", "text": "moving on chain in these next five"}, {"start": "00:51:34", "end": "00:51:38", "text": "years, maybe 10 years, but very, very"}, {"start": "00:51:36", "end": "00:51:40", "text": "soon. And, you know, I've this is the"}, {"start": "00:51:38", "end": "00:51:42", "text": "stuff I've been waiting for for a decade"}, {"start": "00:51:40", "end": "00:51:44", "text": "is actually happening. So, if you're"}, {"start": "00:51:42", "end": "00:51:47", "text": "newer here, I just want to encourage"}, {"start": "00:51:44", "end": "00:51:49", "text": "you. Your timing is great. Don't I know"}, {"start": "00:51:47", "end": "00:51:50", "text": "it's confusing and there's a lot of"}, {"start": "00:51:49", "end": "00:51:52", "text": "other people giving different opinions."}, {"start": "00:51:50", "end": "00:51:54", "text": "There's a lot of stuff going on out"}, {"start": "00:51:52", "end": "00:51:56", "text": "there and people are being convinced"}, {"start": "00:51:54", "end": "00:51:58", "text": "that it's all worthless and you got to"}, {"start": "00:51:56", "end": "00:52:00", "text": "get out the second you have a a tiny bit"}, {"start": "00:51:58", "end": "00:52:01", "text": "of profit, which if you're trading trash"}, {"start": "00:52:00", "end": "00:52:03", "text": "and memecoins and vaporware, that is"}, {"start": "00:52:01", "end": "00:52:05", "text": "true."}, {"start": "00:52:03", "end": "00:52:07", "text": ">> However, there's a lot of fundamental"}, {"start": "00:52:05", "end": "00:52:11", "text": "underlying things that that are the"}, {"start": "00:52:07", "end": "00:52:13", "text": "Googles and the Amazons and the metas of"}, {"start": "00:52:11", "end": "00:52:15", "text": "what this world is, right? like this"}, {"start": "00:52:13", "end": "00:52:18", "text": ">> you are you do have an opportunity to"}, {"start": "00:52:15", "end": "00:52:20", "text": "buy Microsoft and Meta and Amazon and"}, {"start": "00:52:18", "end": "00:52:25", "text": "Google and all of these things that will"}, {"start": "00:52:20", "end": "00:52:28", "text": "be mainstay you know required to be used"}, {"start": "00:52:25", "end": "00:52:31", "text": "into the next decade and many decades"}, {"start": "00:52:28", "end": "00:52:32", "text": "into the future. So I just want to put"}, {"start": "00:52:31", "end": "00:52:34", "text": "that caveat out there because obviously"}, {"start": "00:52:32", "end": "00:52:36", "text": "today is a day when prices are down."}, {"start": "00:52:34", "end": "00:52:38", "text": "We're talking about lower prices but I"}, {"start": "00:52:36", "end": "00:52:40", "text": "want to make sure we're not shaking"}, {"start": "00:52:38", "end": "00:52:42", "text": "people out at the bottom near the"}, {"start": "00:52:40", "end": "00:52:45", "text": "bottom. That sort of stuff. So, a little"}, {"start": "00:52:42", "end": "00:52:47", "text": "bit of a rant, but just remember"}, {"start": "00:52:45", "end": "00:52:49", "text": "you're this is the o you're getting"}, {"start": "00:52:47", "end": "00:52:51", "text": "given a gift of the opportunity of a"}, {"start": "00:52:49", "end": "00:52:53", "text": "lifetime. And I feel like sometimes"}, {"start": "00:52:51", "end": "00:52:56", "text": "things have been so tough for the last,"}, {"start": "00:52:53", "end": "00:52:57", "text": "you know, five years or so that people"}, {"start": "00:52:56", "end": "00:52:59", "text": "are starting to get conditioned and"}, {"start": "00:52:57", "end": "00:53:01", "text": "they're forgetting the opportunity"}, {"start": "00:52:59", "end": "00:53:02", "text": "that's in front of us. So, just wanted"}, {"start": "00:53:01", "end": "00:53:03", "text": "to remind everybody like"}, {"start": "00:53:02", "end": "00:53:05", "text": ">> and that's the reason why I have this"}, {"start": "00:53:03", "end": "00:53:08", "text": "chart up while you're talking. Five"}, {"start": "00:53:05", "end": "00:53:10", "text": "years of pain. That's this this is our"}, {"start": "00:53:08", "end": "00:53:12", "text": "like these moments right here were the"}, {"start": "00:53:10", "end": "00:53:13", "text": "Bitcoin blowoff top of the last bull"}, {"start": "00:53:12", "end": "00:53:13", "text": "cycle."}, {"start": "00:53:13", "end": "00:53:17", "text": ">> Exactly."}, {"start": "00:53:13", "end": "00:53:18", "text": ">> But altcoins downhill only. And this is"}, {"start": "00:53:17", "end": "00:53:20", "text": "actually kind of crazy TJ. I didn't plan"}, {"start": "00:53:18", "end": "00:53:21", "text": "this. So, as you were talking, I was"}, {"start": "00:53:20", "end": "00:53:23", "text": "like, \"All right, you know, I'm looking"}, {"start": "00:53:21", "end": "00:53:25", "text": "at these lower targets. Maybe just like"}, {"start": "00:53:23", "end": "00:53:28", "text": "a slight bounce point. Where is the"}, {"start": "00:53:25", "end": "00:53:30", "text": "whole altcoin industry sitting at right"}, {"start": "00:53:28", "end": "00:53:33", "text": "now?\" Now this is the others chart"}, {"start": "00:53:30", "end": "00:53:36", "text": "against Bitcoin. So this is valuing all"}, {"start": "00:53:33", "end": "00:53:38", "text": "the altcoins against Bitcoin on a"}, {"start": "00:53:36", "end": "00:53:42", "text": "two-eek time frame, a large time frame"}, {"start": "00:53:38", "end": "00:53:44", "text": "printed at green dot and the money flow"}, {"start": "00:53:42", "end": "00:53:46", "text": "is swooping back to the upside pretty"}, {"start": "00:53:44", "end": "00:53:47", "text": "dang aggressively on this. This is"}, {"start": "00:53:46", "end": "00:53:50", "text": "actually a really really good looking"}, {"start": "00:53:47", "end": "00:53:52", "text": "chart here. Um it's a video I put out a"}, {"start": "00:53:50", "end": "00:53:54", "text": "while ago is you know altcoin super"}, {"start": "00:53:52", "end": "00:53:56", "text": "cycle how it happens. kind of trolling"}, {"start": "00:53:54", "end": "00:53:58", "text": "people, bringing up that old Alex Becker"}, {"start": "00:53:56", "end": "00:53:59", "text": "lore, but I actually feel like Alex"}, {"start": "00:53:58", "end": "00:54:01", "text": "Becker was just a man ahead of his time."}, {"start": "00:53:59", "end": "00:54:03", "text": "He was a man ahead of his time. He was"}, {"start": "00:54:01", "end": "00:54:05", "text": "calling for the altcoin super cycle"}, {"start": "00:54:03", "end": "00:54:07", "text": "early and he looks like a fool for it. I"}, {"start": "00:54:05", "end": "00:54:09", "text": "don't think he's wrong though. I mean,"}, {"start": "00:54:07", "end": "00:54:11", "text": ">> yeah, I don't I I love his content. He's"}, {"start": "00:54:09", "end": "00:54:13", "text": "very entertaining. Uh I do feel like he"}, {"start": "00:54:11", "end": "00:54:15", "text": "led a lot of people to the slaughter"}, {"start": "00:54:13", "end": "00:54:17", "text": "now. Maybe himself as well, you know. I"}, {"start": "00:54:15", "end": "00:54:18", "text": "think he if if you believe everything"}, {"start": "00:54:17", "end": "00:54:20", "text": "he's saying, he put his money where his"}, {"start": "00:54:18", "end": "00:54:22", "text": "mouth is. So, he's probably feeling more"}, {"start": "00:54:20", "end": "00:54:24", "text": "he's probably feeling as much pain as"}, {"start": "00:54:22", "end": "00:54:25", "text": "all the people in his audience combined."}, {"start": "00:54:24", "end": "00:54:28", "text": "So, I'll give him that."}, {"start": "00:54:25", "end": "00:54:30", "text": ">> Uh, but you're right. I do think he, you"}, {"start": "00:54:28", "end": "00:54:32", "text": "know, directionally not wrong, but"}, {"start": "00:54:30", "end": "00:54:34", "text": "timing uh kind of missed the timing on"}, {"start": "00:54:32", "end": "00:54:37", "text": "that, which, you know,"}, {"start": "00:54:34", "end": "00:54:38", "text": ">> is you develop a thesis, you understand"}, {"start": "00:54:37", "end": "00:54:41", "text": "where money is likely to move, and then"}, {"start": "00:54:38", "end": "00:54:42", "text": "you use technical analysis to find those"}, {"start": "00:54:41", "end": "00:54:47", "text": "trigger points of when it's about to"}, {"start": "00:54:42", "end": "00:54:49", "text": "actually happen. And this, you know, I"}, {"start": "00:54:47", "end": "00:54:51", "text": "did some measurements and a video about"}, {"start": "00:54:49", "end": "00:54:54", "text": "this about two weeks ago, I believe. If"}, {"start": "00:54:51", "end": "00:54:56", "text": "this pattern that we saw once the"}, {"start": "00:54:54", "end": "00:54:58", "text": "descending triangle is broken out, you"}, {"start": "00:54:56", "end": "00:55:01", "text": "build up some support like we did in"}, {"start": "00:54:58", "end": "00:55:02", "text": "October 19. Yeah, we had a COVID crash"}, {"start": "00:55:01", "end": "00:55:05", "text": "and then, you know, a little bit of"}, {"start": "00:55:02", "end": "00:55:08", "text": "chaos here in 2021. But largely, if this"}, {"start": "00:55:05", "end": "00:55:11", "text": "pattern repeats itself for the altcoin"}, {"start": "00:55:08", "end": "00:55:13", "text": "sector, this is where absolute chaos can"}, {"start": "00:55:11", "end": "00:55:14", "text": "happen. And this is all based off a time"}, {"start": "00:55:13", "end": "00:55:16", "text": "frame of how long it took to get that"}, {"start": "00:55:14", "end": "00:55:19", "text": "glow up and just an overlayment of this"}, {"start": "00:55:16", "end": "00:55:21", "text": "with kind of a conservative outlook. We"}, {"start": "00:55:19", "end": "00:55:23", "text": "could very much so look at the altcoin"}, {"start": "00:55:21", "end": "00:55:25", "text": "sector doing something like this over"}, {"start": "00:55:23", "end": "00:55:28", "text": "the next few years which does leave room"}, {"start": "00:55:25", "end": "00:55:30", "text": "if history rhymes or repeats itself. You"}, {"start": "00:55:28", "end": "00:55:33", "text": "glow up for the next few months uh"}, {"start": "00:55:30", "end": "00:55:36", "text": "leading into 2027 and then a snap crash"}, {"start": "00:55:33", "end": "00:55:39", "text": "right in around February January 27 in"}, {"start": "00:55:36", "end": "00:55:40", "text": "the altcoin sector before true Valhalla."}, {"start": "00:55:39", "end": "00:55:43", "text": "I was watching that video. I think it"}, {"start": "00:55:40", "end": "00:55:45", "text": "was Bit Lord. Old school Bit Lord going"}, {"start": "00:55:43", "end": "00:55:48", "text": "to Van Hala. You know,"}, {"start": "00:55:45", "end": "00:55:50", "text": ">> it made me ex Exactly. That was it was"}, {"start": "00:55:48", "end": "00:55:52", "text": "the one I saw anyway was like you know"}, {"start": "00:55:50", "end": "00:55:54", "text": "what our influencers and Koss used to be"}, {"start": "00:55:52", "end": "00:55:57", "text": "like what they're like now. And you know"}, {"start": "00:55:54", "end": "00:55:58", "text": "he that that video that Valhalla video"}, {"start": "00:55:57", "end": "00:56:02", "text": "uh and say what you want about BitLord,"}, {"start": "00:55:58", "end": "00:56:04", "text": "but that video was uh epic. And uh"}, {"start": "00:56:02", "end": "00:56:07", "text": ">> you know we're going to get there. You"}, {"start": "00:56:04", "end": "00:56:09", "text": "know there is there is a time where uh"}, {"start": "00:56:07", "end": "00:56:11", "text": "we're all going to make it. Now, I feel"}, {"start": "00:56:09", "end": "00:56:13", "text": "like unfortunately people are getting"}, {"start": "00:56:11", "end": "00:56:15", "text": "soped into buying trash coins and"}, {"start": "00:56:13", "end": "00:56:17", "text": "they're letting the institutions and big"}, {"start": "00:56:15", "end": "00:56:19", "text": "smart money come in and scoop up the"}, {"start": "00:56:17", "end": "00:56:21", "text": "infrastructure that really could set you"}, {"start": "00:56:19", "end": "00:56:22", "text": "up for the rest of your life. But, you"}, {"start": "00:56:21", "end": "00:56:25", "text": "know, that's why you guys are here."}, {"start": "00:56:22", "end": "00:56:27", "text": "That's why you guys are in I'm super"}, {"start": "00:56:25", "end": "00:56:28", "text": "Anybody that's in school hyper bullish."}, {"start": "00:56:27", "end": "00:56:29", "text": "Those people are going to make it."}, {"start": "00:56:28", "end": "00:56:30", "text": "They're going to have generational"}, {"start": "00:56:29", "end": "00:56:32", "text": "wealth. They're going to set themselves"}, {"start": "00:56:30", "end": "00:56:36", "text": "and their family up for the rest of"}, {"start": "00:56:32", "end": "00:56:38", "text": "time. Uh if you are degening on a meme"}, {"start": "00:56:36", "end": "00:56:41", "text": "coin that you can only hold for 1.7"}, {"start": "00:56:38", "end": "00:56:42", "text": "seconds, um you know, I got bad news for"}, {"start": "00:56:41", "end": "00:56:44", "text": "you."}, {"start": "00:56:42", "end": "00:56:46", "text": ">> Yeah, you're going to have a bad time."}, {"start": "00:56:44", "end": "00:56:48", "text": "You're gonna have a bad time. Now, this"}, {"start": "00:56:46", "end": "00:56:49", "text": "is actually something basement material,"}, {"start": "00:56:48", "end": "00:56:51", "text": "but did you hear they're calling for 20"}, {"start": "00:56:49", "end": "00:56:55", "text": "years in jail if you're using"}, {"start": "00:56:51", "end": "00:56:57", "text": "open-source models in AI? Uh"}, {"start": "00:56:55", "end": "00:56:59", "text": ">> doesn't make any sense. effective"}, {"start": "00:56:57", "end": "00:57:01", "text": "altruist cult that runs anthropic and"}, {"start": "00:56:59", "end": "00:57:04", "text": "open AI wants you in jail for 20 years"}, {"start": "00:57:01", "end": "00:57:05", "text": "for having open- source AI models in"}, {"start": "00:57:04", "end": "00:57:07", "text": "your possession. They're calling for"}, {"start": "00:57:05", "end": "00:57:09", "text": "this right now in this AI slowdown kind"}, {"start": "00:57:07", "end": "00:57:10", "text": "of movement that they're coming out"}, {"start": "00:57:09", "end": "00:57:12", "text": "with. It's also insane. It's also"}, {"start": "00:57:10", "end": "00:57:13", "text": "insane. They just want control. They"}, {"start": "00:57:12", "end": "00:57:16", "text": "want market."}, {"start": "00:57:13", "end": "00:57:18", "text": ">> The best thing I saw on that was uh I"}, {"start": "00:57:16", "end": "00:57:19", "text": "mean it was it's a SPF replay. It was"}, {"start": "00:57:18", "end": "00:57:21", "text": "like wait a minute and it was like it"}, {"start": "00:57:19", "end": "00:57:22", "text": "pulls the mask and it's like oh it's s"}, {"start": "00:57:21", "end": "00:57:24", "text": "you know it's basically the same thing."}, {"start": "00:57:22", "end": "00:57:27", "text": "Yeah. It's all all this AI stuff is"}, {"start": "00:57:24", "end": "00:57:29", "text": "they're going for regulatory capture."}, {"start": "00:57:27", "end": "00:57:31", "text": ">> Uh I and actually"}, {"start": "00:57:29", "end": "00:57:33", "text": "I it's kind of crazy that I'm on you"}, {"start": "00:57:31", "end": "00:57:35", "text": "know Zuck Zuck's side, but they he had a"}, {"start": "00:57:33", "end": "00:57:37", "text": "really good post about it and the way it"}, {"start": "00:57:35", "end": "00:57:40", "text": "should work and uh he's not wrong. So"}, {"start": "00:57:37", "end": "00:57:41", "text": "yeah, they are massively threatened by"}, {"start": "00:57:40", "end": "00:57:44", "text": "open source and new models and"}, {"start": "00:57:41", "end": "00:57:45", "text": "competition um because they're overhyped"}, {"start": "00:57:44", "end": "00:57:47", "text": "and they're not really going to be able"}, {"start": "00:57:45", "end": "00:57:49", "text": "to deliver on these valuations. So"}, {"start": "00:57:47", "end": "00:57:50", "text": "they're trying to use regulatory capture"}, {"start": "00:57:49", "end": "00:57:52", "text": "and it ain't going to work. So"}, {"start": "00:57:50", "end": "00:57:54", "text": ">> yeah, I think someone else is seeing"}, {"start": "00:57:52", "end": "00:57:56", "text": "what I'm seeing on this. And just as a"}, {"start": "00:57:54", "end": "00:58:00", "text": "quick note as I get ready to head out,"}, {"start": "00:57:56", "end": "00:58:03", "text": "this other's chart does not include the"}, {"start": "00:58:00", "end": "00:58:05", "text": "uh you know like Ethereum or XRP. It"}, {"start": "00:58:03", "end": "00:58:08", "text": "doesn't include any of the top 10 coins."}, {"start": "00:58:05", "end": "00:58:10", "text": "This is all those deep picks that's"}, {"start": "00:58:08", "end": "00:58:12", "text": "measured out on this others against"}, {"start": "00:58:10", "end": "00:58:15", "text": "Bitcoin. This is excluding all of the"}, {"start": "00:58:12", "end": "00:58:17", "text": "top projects like B&B, XRP, Salana,"}, {"start": "00:58:15", "end": "00:58:19", "text": "Tron. Everything in the top 10 is not"}, {"start": "00:58:17", "end": "00:58:21", "text": "included in that chart. And I agree with"}, {"start": "00:58:19", "end": "00:58:23", "text": "you. I don't know who said it, but this"}, {"start": "00:58:21", "end": "00:58:25", "text": "chart, I'm going to just delete this."}, {"start": "00:58:23", "end": "00:58:28", "text": "This looks like extreme compression."}, {"start": "00:58:25", "end": "00:58:31", "text": "This looks like a a nerd who's about to"}, {"start": "00:58:28", "end": "00:58:34", "text": "have sex for the first time right out of"}, {"start": "00:58:31", "end": "00:58:35", "text": "high school. Just about to go nuts. I"}, {"start": "00:58:34", "end": "00:58:37", "text": "mean, it's not it's not going to last"}, {"start": "00:58:35", "end": "00:58:39", "text": "long. He's here. It's here for a good"}, {"start": "00:58:37", "end": "00:58:41", "text": "time. Not a long time, but it's going to"}, {"start": "00:58:39", "end": "00:58:42", "text": "be violent. It's going to be crazy. I'm"}, {"start": "00:58:41", "end": "00:58:45", "text": "excited for the Federal Reserve meeting"}, {"start": "00:58:42", "end": "00:58:48", "text": "today. So, make sure to join me on that."}, {"start": "00:58:45", "end": "00:58:50", "text": "We have chaos in the in the mix for the"}, {"start": "00:58:48", "end": "00:58:51", "text": "next few years. I'm not saying that the"}, {"start": "00:58:50", "end": "00:58:53", "text": "next few years are going to be easy."}, {"start": "00:58:51", "end": "00:58:56", "text": "It's going to be violent moves to the"}, {"start": "00:58:53", "end": "00:58:58", "text": "upside and downside. Being in this"}, {"start": "00:58:56", "end": "00:58:59", "text": "market for a couple bare to bull cycles"}, {"start": "00:58:58", "end": "00:59:01", "text": "in a row and navigating them"}, {"start": "00:58:59", "end": "00:59:03", "text": "successfully has given me the"}, {"start": "00:59:01", "end": "00:59:04", "text": "wherewithal to come to you live on this"}, {"start": "00:59:03", "end": "00:59:06", "text": "show talking about the most volatile"}, {"start": "00:59:04", "end": "00:59:08", "text": "asset class on the planet and most"}, {"start": "00:59:06", "end": "00:59:10", "text": "disruptive economic situations arguably"}, {"start": "00:59:08", "end": "00:59:13", "text": "we've ever had in the US with strong"}, {"start": "00:59:10", "end": "00:59:15", "text": "confidence that it's going to be okay."}, {"start": "00:59:13", "end": "00:59:17", "text": "Stay locked in. Don't get too crazy on"}, {"start": "00:59:15", "end": "00:59:20", "text": "the leverage. You live to trade another"}, {"start": "00:59:17", "end": "00:59:23", "text": "day and I will see you very very soon on"}, {"start": "00:59:20", "end": "00:59:23", "text": "the FOMC."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Federal Reserve interest rate hikes are"}, {"start": "00:00:02", "end": "00:00:07", "text": "likely tomorrow. The Federal Reserve and"}, {"start": "00:00:04", "end": "00:00:10", "text": "the FOMC are going down. And we have to"}, {"start": "00:00:07", "end": "00:00:11", "text": "take a look at what Bitcoin price action"}, {"start": "00:00:10", "end": "00:00:13", "text": "is likely to be like should we see an"}, {"start": "00:00:11", "end": "00:00:16", "text": "interest rate hike. Something that we"}, {"start": "00:00:13", "end": "00:00:18", "text": "haven't seen since 2023. [music]"}, {"start": "00:00:16", "end": "00:00:20", "text": "And Bitcoin is standing on the edge of a"}, {"start": "00:00:18", "end": "00:00:23", "text": "cliff with a lot of people looking for"}, {"start": "00:00:20", "end": "00:00:25", "text": "that massive crash at least down to the"}, {"start": "00:00:23", "end": "00:00:28", "text": "$60,000 region. locally at the golden"}, {"start": "00:00:25", "end": "00:00:31", "text": "pocket here at $74,000 is still a"}, {"start": "00:00:28", "end": "00:00:33", "text": "position that has not been retested on"}, {"start": "00:00:31", "end": "00:00:35", "text": "Bitcoin. Just looking locally within"}, {"start": "00:00:33", "end": "00:00:38", "text": "this range, that golden pocket sits at"}, {"start": "00:00:35", "end": "00:00:39", "text": "around $73,000."}, {"start": "00:00:38", "end": "00:00:42", "text": "In a broader context though, the point"}, {"start": "00:00:39", "end": "00:00:44", "text": "of control for this entire range that"}, {"start": "00:00:42", "end": "00:00:48", "text": "Bitcoin is sitting at right now is at"}, {"start": "00:00:44", "end": "00:00:51", "text": "the high 60s, $67,000 to be exact. And"}, {"start": "00:00:48", "end": "00:00:54", "text": "these levels, though they were tried and"}, {"start": "00:00:51", "end": "00:00:56", "text": "tested down here in the $62,000 region,"}, {"start": "00:00:54", "end": "00:00:59", "text": "we blasted through both of these levels"}, {"start": "00:00:56", "end": "00:01:02", "text": "in an absolute up only feeling a few"}, {"start": "00:00:59", "end": "00:01:04", "text": "weeks ago. And now the party seems to be"}, {"start": "00:01:02", "end": "00:01:06", "text": "getting slower and the money flow is"}, {"start": "00:01:04", "end": "00:01:08", "text": "getting lower. So I'm going to answer"}, {"start": "00:01:06", "end": "00:01:10", "text": "the question on everybody's mind. Is an"}, {"start": "00:01:08", "end": "00:01:13", "text": "interest rate hike likely to push"}, {"start": "00:01:10", "end": "00:01:17", "text": "Bitcoin down to those dreamy levels of"}, {"start": "00:01:13", "end": "00:01:19", "text": "$40,000, maybe even $30,000 with a major"}, {"start": "00:01:17", "end": "00:01:21", "text": "unwind? I have some data to show you"}, {"start": "00:01:19", "end": "00:01:24", "text": "exactly what Bitcoin did the last time"}, {"start": "00:01:21", "end": "00:01:26", "text": "we saw rate hikes during a bare market"}, {"start": "00:01:24", "end": "00:01:28", "text": "because there was no rate hikes during"}, {"start": "00:01:26", "end": "00:01:30", "text": "the last bull market or the bull market"}, {"start": "00:01:28", "end": "00:01:32", "text": "previous to that. Now, I will say this,"}, {"start": "00:01:30", "end": "00:01:34", "text": "tomorrow, the Federal Reserve rate"}, {"start": "00:01:32", "end": "00:01:36", "text": "decision is going to bring fireworks"}, {"start": "00:01:34", "end": "00:01:39", "text": "from the orange one. Donald Trump is"}, {"start": "00:01:36", "end": "00:01:40", "text": "going to freak out as Kevin Worsh is"}, {"start": "00:01:39", "end": "00:01:43", "text": "slated to raise the interest rates with"}, {"start": "00:01:40", "end": "00:01:45", "text": "a 90% likelihood he's going to hike"}, {"start": "00:01:43", "end": "00:01:48", "text": "those rates. And now as it sits, the Fed"}, {"start": "00:01:45", "end": "00:01:51", "text": "CME tool looks at a 92% likelihood of a"}, {"start": "00:01:48", "end": "00:01:54", "text": "25 base point increase. And poly market"}, {"start": "00:01:51", "end": "00:01:56", "text": "coming in very strong at an 88%"}, {"start": "00:01:54", "end": "00:01:58", "text": "likelihood on that same increase. And"}, {"start": "00:01:56", "end": "00:02:00", "text": "the driving factor for raising rates in"}, {"start": "00:01:58", "end": "00:02:04", "text": "this environment, inflation is roaring"}, {"start": "00:02:00", "end": "00:02:07", "text": "back. Oil is surged above $105 a barrel."}, {"start": "00:02:04", "end": "00:02:09", "text": "We have pressures on the bond market as"}, {"start": "00:02:07", "end": "00:02:12", "text": "well. China's share of US treasuries"}, {"start": "00:02:09", "end": "00:02:14", "text": "went from 14% to 2%. And in that same"}, {"start": "00:02:12", "end": "00:02:16", "text": "time frame, our debt went from 6"}, {"start": "00:02:14", "end": "00:02:19", "text": "trillion to 40 trillion. We have less"}, {"start": "00:02:16", "end": "00:02:21", "text": "demand on our fiat currency and 7 times"}, {"start": "00:02:19", "end": "00:02:24", "text": "the debt. There's a great post from"}, {"start": "00:02:21", "end": "00:02:27", "text": "Quinton Francois. Shout out to you. This"}, {"start": "00:02:24", "end": "00:02:30", "text": "inverse set of data has larger investors"}, {"start": "00:02:27", "end": "00:02:32", "text": "terrified. So now we know why they have"}, {"start": "00:02:30", "end": "00:02:33", "text": "to raise interest rates. And honestly,"}, {"start": "00:02:32", "end": "00:02:35", "text": "raising interest rates in this"}, {"start": "00:02:33", "end": "00:02:38", "text": "environment is the responsible thing to"}, {"start": "00:02:35", "end": "00:02:40", "text": "do for the Federal Reserve chair. But"}, {"start": "00:02:38", "end": "00:02:42", "text": "what does it mean for Bitcoin? What does"}, {"start": "00:02:40", "end": "00:02:44", "text": "it mean for my bags? Let's take a look."}, {"start": "00:02:42", "end": "00:02:48", "text": "The last time we saw an interest rate"}, {"start": "00:02:44", "end": "00:02:51", "text": "hike was July 26 of 2023. And on the"}, {"start": "00:02:48", "end": "00:02:53", "text": "Bitcoin chart, that is this moment right"}, {"start": "00:02:51", "end": "00:02:55", "text": "here. We had also seen interest rate"}, {"start": "00:02:53", "end": "00:02:59", "text": "hikes all the way through the entirety"}, {"start": "00:02:55", "end": "00:03:01", "text": "of the lows of the bare market of 2022."}, {"start": "00:02:59", "end": "00:03:03", "text": "Now, these rate hikes started off hot"}, {"start": "00:03:01", "end": "00:03:05", "text": "and heavy. The first rate hike that we"}, {"start": "00:03:03", "end": "00:03:08", "text": "saw during that bare market was"}, {"start": "00:03:05", "end": "00:03:11", "text": "September 21st of 22 where they raised"}, {"start": "00:03:08", "end": "00:03:12", "text": "it by 75 base points. Over the course of"}, {"start": "00:03:11", "end": "00:03:15", "text": "the next few weeks, Bitcoin decided to"}, {"start": "00:03:12", "end": "00:03:18", "text": "pump by a modest amount right at around"}, {"start": "00:03:15", "end": "00:03:20", "text": "8 9% and then ran into the wonderful"}, {"start": "00:03:18", "end": "00:03:22", "text": "moment where San Baitman freed and FTX"}, {"start": "00:03:20", "end": "00:03:24", "text": "collapsed pushing us down to the 15k"}, {"start": "00:03:22", "end": "00:03:26", "text": "region. Incidentally, the day that that"}, {"start": "00:03:24", "end": "00:03:29", "text": "went down was the next Federal Reserve"}, {"start": "00:03:26", "end": "00:03:32", "text": "interest rate hike at 75 base points as"}, {"start": "00:03:29", "end": "00:03:35", "text": "well. Now, a few months later, December"}, {"start": "00:03:32", "end": "00:03:37", "text": "14th, they decided to pull back the"}, {"start": "00:03:35", "end": "00:03:40", "text": "interest rate increases down to 50 base"}, {"start": "00:03:37", "end": "00:03:42", "text": "points. Right here, December 14th. Two"}, {"start": "00:03:40", "end": "00:03:46", "text": "weeks from December 14th, we're down by"}, {"start": "00:03:42", "end": "00:03:48", "text": "a slight amount, 7%. February 1st comes"}, {"start": "00:03:46", "end": "00:03:50", "text": "along, another Federal Reserve interest"}, {"start": "00:03:48", "end": "00:03:52", "text": "rate hike. But this entire region, But"}, {"start": "00:03:50", "end": "00:03:55", "text": "this entire region of later interest"}, {"start": "00:03:52", "end": "00:03:57", "text": "rate hikes, these last four were all 25"}, {"start": "00:03:55", "end": "00:04:00", "text": "base points, not the hammers that were"}, {"start": "00:03:57", "end": "00:04:03", "text": "dropped here at 50 base points, 75 base"}, {"start": "00:04:00", "end": "00:04:05", "text": "points, and 75. So they raise interest"}, {"start": "00:04:03", "end": "00:04:09", "text": "rates on Bitcoin at its darkest hour."}, {"start": "00:04:05", "end": "00:04:12", "text": "And yet, Bitcoin decides to grind a bare"}, {"start": "00:04:09", "end": "00:04:14", "text": "market floor, a swooping pattern, and"}, {"start": "00:04:12", "end": "00:04:16", "text": "move back into bull market territory"}, {"start": "00:04:14", "end": "00:04:18", "text": "regardless. And if you look at the"}, {"start": "00:04:16", "end": "00:04:21", "text": "average return on Bitcoin over the"}, {"start": "00:04:18", "end": "00:04:23", "text": "course of the next 14 days once these"}, {"start": "00:04:21", "end": "00:04:25", "text": "occurrences happened, you're looking at"}, {"start": "00:04:23", "end": "00:04:28", "text": "about a 2% draw down. But that is"}, {"start": "00:04:25", "end": "00:04:30", "text": "including this FTX crash, which is very"}, {"start": "00:04:28", "end": "00:04:33", "text": "very notable. A systemic break in"}, {"start": "00:04:30", "end": "00:04:34", "text": "something major within crypto helps"}, {"start": "00:04:33", "end": "00:04:36", "text": "bring that median into the negative"}, {"start": "00:04:34", "end": "00:04:38", "text": "territory. Without something"}, {"start": "00:04:36", "end": "00:04:40", "text": "structurally breaking, honestly, this"}, {"start": "00:04:38", "end": "00:04:42", "text": "stays pretty flat. In general, four out"}, {"start": "00:04:40", "end": "00:04:44", "text": "of the seven times we saw these rate"}, {"start": "00:04:42", "end": "00:04:46", "text": "hikes in the last bare market, we ended"}, {"start": "00:04:44", "end": "00:04:49", "text": "up going up. To put it bluntly, Bitcoin"}, {"start": "00:04:46", "end": "00:04:50", "text": "does not hot react in a macro way to"}, {"start": "00:04:49", "end": "00:04:52", "text": "these interest rate hikes from the"}, {"start": "00:04:50", "end": "00:04:55", "text": "historical data we have. The real pain"}, {"start": "00:04:52", "end": "00:04:57", "text": "is if you are leverage trading on FOMC"}, {"start": "00:04:55", "end": "00:05:00", "text": "days. These days usually end up playing"}, {"start": "00:04:57", "end": "00:05:03", "text": "out with massive massive volatility when"}, {"start": "00:05:00", "end": "00:05:05", "text": "we do see either a raise or a cut on the"}, {"start": "00:05:03", "end": "00:05:08", "text": "interest rates. And the scop here is"}, {"start": "00:05:05", "end": "00:05:10", "text": "that for years you've heard this talking"}, {"start": "00:05:08", "end": "00:05:11", "text": "heads really don't know what the hell"}, {"start": "00:05:10", "end": "00:05:14", "text": "they're talking about saying that"}, {"start": "00:05:11", "end": "00:05:15", "text": "Federal Reserve interest rate cuts are"}, {"start": "00:05:14", "end": "00:05:17", "text": "going to send us to the moon and"}, {"start": "00:05:15", "end": "00:05:20", "text": "interest rate hikes are going to send us"}, {"start": "00:05:17", "end": "00:05:22", "text": "back down to hell. That is simply not"}, {"start": "00:05:20", "end": "00:05:24", "text": "true. I'm going to show you exactly why"}, {"start": "00:05:22", "end": "00:05:27", "text": "I'm saying that. Now, I've covered all"}, {"start": "00:05:24", "end": "00:05:29", "text": "the past hikes that Bitcoin has faced"}, {"start": "00:05:27", "end": "00:05:31", "text": "and incidentally that was at a similar"}, {"start": "00:05:29", "end": "00:05:33", "text": "bare market low. One of the most"}, {"start": "00:05:31", "end": "00:05:34", "text": "maddening things that I hear is that"}, {"start": "00:05:33", "end": "00:05:37", "text": "cutting interest rates is going to send"}, {"start": "00:05:34", "end": "00:05:39", "text": "us to Valhalla because the data behind"}, {"start": "00:05:37", "end": "00:05:41", "text": "interest rate cuts is extremely mixed"}, {"start": "00:05:39", "end": "00:05:43", "text": "and honestly kind of angles towards the"}, {"start": "00:05:41", "end": "00:05:45", "text": "downside if you're looking at it for the"}, {"start": "00:05:43", "end": "00:05:47", "text": "most recent past. Bitcoin had many"}, {"start": "00:05:45", "end": "00:05:51", "text": "interest rate cuts in the last bull"}, {"start": "00:05:47", "end": "00:05:53", "text": "market. Now, if I was a betting man, I"}, {"start": "00:05:51", "end": "00:05:56", "text": "would say that more often than not, this"}, {"start": "00:05:53", "end": "00:05:57", "text": "is simply just noise for Bitcoin. The"}, {"start": "00:05:56", "end": "00:06:00", "text": "real thing to listen to is the Federal"}, {"start": "00:05:57", "end": "00:06:02", "text": "Reserve and the Treasury, their balance"}, {"start": "00:06:00", "end": "00:06:03", "text": "sheets, if they're expanding and"}, {"start": "00:06:02", "end": "00:06:05", "text": "quantitative easing in any form is"}, {"start": "00:06:03", "end": "00:06:07", "text": "coming into the market. That's where"}, {"start": "00:06:05", "end": "00:06:10", "text": "risk assets go ballistic. Now, interest"}, {"start": "00:06:07", "end": "00:06:12", "text": "rate cuts, sure, there are band-aids for"}, {"start": "00:06:10", "end": "00:06:14", "text": "the traditional banking system to make"}, {"start": "00:06:12", "end": "00:06:17", "text": "things feel a little bit easier, cheaper"}, {"start": "00:06:14", "end": "00:06:19", "text": "money, but that doesn't play directly"}, {"start": "00:06:17", "end": "00:06:21", "text": "into the Bitcoin chart. These two"}, {"start": "00:06:19", "end": "00:06:23", "text": "interest rate cuts were leading into"}, {"start": "00:06:21", "end": "00:06:26", "text": "Trump, the pro- crypto president, taking"}, {"start": "00:06:23", "end": "00:06:27", "text": "office on the November 2024 time frame."}, {"start": "00:06:26", "end": "00:06:30", "text": "And these three interest rate cuts at"}, {"start": "00:06:27", "end": "00:06:32", "text": "the recent peak of Bitcoin came at the"}, {"start": "00:06:30", "end": "00:06:33", "text": "absolute worst time for price action as"}, {"start": "00:06:32", "end": "00:06:36", "text": "we were playing out the remainder of our"}, {"start": "00:06:33", "end": "00:06:38", "text": "4-year cycle time frame. What I think"}, {"start": "00:06:36", "end": "00:06:41", "text": "people are still holding on to is"}, {"start": "00:06:38", "end": "00:06:44", "text": "remembering what happened to crypto in"}, {"start": "00:06:41", "end": "00:06:48", "text": "the interest rate cuts of COVID and the"}, {"start": "00:06:44", "end": "00:06:49", "text": "late 2019, July 2019 time frames. We saw"}, {"start": "00:06:48", "end": "00:06:52", "text": "interest rate cuts happen in the middle"}, {"start": "00:06:49", "end": "00:06:54", "text": "of 2019 that really didn't do anything"}, {"start": "00:06:52", "end": "00:06:57", "text": "amazing for Bitcoin. It was just a slope"}, {"start": "00:06:54", "end": "00:06:59", "text": "downhill move, slight runup, then we run"}, {"start": "00:06:57", "end": "00:07:00", "text": "into a world economy shutting down. The"}, {"start": "00:06:59", "end": "00:07:02", "text": "real alpha between all of these data"}, {"start": "00:07:00", "end": "00:07:04", "text": "points is that our current scenario and"}, {"start": "00:07:02", "end": "00:07:07", "text": "the setup for Bitcoin and how it looks"}, {"start": "00:07:04", "end": "00:07:10", "text": "right now looks eerily similar to this"}, {"start": "00:07:07", "end": "00:07:12", "text": "bottoming structure that we had back in"}, {"start": "00:07:10", "end": "00:07:14", "text": "2022. Regardless of the interest rate"}, {"start": "00:07:12", "end": "00:07:17", "text": "hikes or cuts or whatever you want to"}, {"start": "00:07:14", "end": "00:07:19", "text": "call it, generally speaking, Bitcoin is"}, {"start": "00:07:17", "end": "00:07:23", "text": "slated to push back up. Finding reasons"}, {"start": "00:07:19", "end": "00:07:26", "text": "to look for that $40,000 place to enter"}, {"start": "00:07:23", "end": "00:07:28", "text": "Bitcoin at this point in the game is"}, {"start": "00:07:26", "end": "00:07:30", "text": "hoping on a possibility and not a"}, {"start": "00:07:28", "end": "00:07:32", "text": "probability. The probability, in my"}, {"start": "00:07:30", "end": "00:07:35", "text": "opinion, over the next few weeks is"}, {"start": "00:07:32", "end": "00:07:37", "text": "chop. An exciting, grueling chop that"}, {"start": "00:07:35", "end": "00:07:39", "text": "very well could go vibejack, the center"}, {"start": "00:07:37", "end": "00:07:41", "text": "point of this recent W pattern. some of"}, {"start": "00:07:39", "end": "00:07:43", "text": "those volume nodes that I was showing"}, {"start": "00:07:41", "end": "00:07:46", "text": "you earlier on the charts and really"}, {"start": "00:07:43", "end": "00:07:50", "text": "looking out for that low $70,000 mark to"}, {"start": "00:07:46", "end": "00:07:52", "text": "be tested be it between 72 to 74K. The"}, {"start": "00:07:50", "end": "00:07:54", "text": "charts are showing me that there is a"}, {"start": "00:07:52", "end": "00:07:56", "text": "slight pullback in stores. Money flow is"}, {"start": "00:07:54", "end": "00:07:58", "text": "angling to the downside on the weekly."}, {"start": "00:07:56", "end": "00:08:01", "text": "The daily doesn't look great either. So"}, {"start": "00:07:58", "end": "00:08:03", "text": "my Bitcoin plan for the rest of the week"}, {"start": "00:08:01", "end": "00:08:05", "text": "and the altcoin plan let some of the"}, {"start": "00:08:03", "end": "00:08:07", "text": "news flush itself out. We see the"}, {"start": "00:08:05", "end": "00:08:09", "text": "Clarity Act votes happening today. Total"}, {"start": "00:08:07", "end": "00:08:11", "text": "mess. Probably not going to happen. If"}, {"start": "00:08:09", "end": "00:08:13", "text": "it does, great. Be surprised by that."}, {"start": "00:08:11", "end": "00:08:15", "text": "Federal Reserve happening tomorrow"}, {"start": "00:08:13", "end": "00:08:17", "text": "likely to be an interest rate hike. It's"}, {"start": "00:08:15", "end": "00:08:19", "text": "the responsible thing to do. There will"}, {"start": "00:08:17", "end": "00:08:22", "text": "be Trump crash out tweets. There will be"}, {"start": "00:08:19", "end": "00:08:24", "text": "more macroeconomic freakouts about this"}, {"start": "00:08:22", "end": "00:08:25", "text": "is the end because we owe too much in"}, {"start": "00:08:24", "end": "00:08:28", "text": "debt and oh my god, it's the end of the"}, {"start": "00:08:25", "end": "00:08:31", "text": "world. Everyone's going to die. Calm"}, {"start": "00:08:28", "end": "00:08:33", "text": "down. Okay. This is a time frame where"}, {"start": "00:08:31", "end": "00:08:35", "text": "we let some of the data and the price"}, {"start": "00:08:33", "end": "00:08:38", "text": "action play itself out. see if we can"}, {"start": "00:08:35", "end": "00:08:40", "text": "get a reasonable price action vibe check"}, {"start": "00:08:38", "end": "00:08:42", "text": "in the midpoint of that previous W"}, {"start": "00:08:40", "end": "00:08:44", "text": "pattern. Get some confirmation on"}, {"start": "00:08:42", "end": "00:08:46", "text": "stronger setups for the bull market."}, {"start": "00:08:44", "end": "00:08:47", "text": "Honestly, I could very much so see"}, {"start": "00:08:46", "end": "00:08:50", "text": "something like this where we come back"}, {"start": "00:08:47", "end": "00:08:52", "text": "down, chop around, and then make a move"}, {"start": "00:08:50", "end": "00:08:54", "text": "back to the upside creating a inverse"}, {"start": "00:08:52", "end": "00:08:56", "text": "head and shoulders. And that's where the"}, {"start": "00:08:54", "end": "00:08:58", "text": "fun begins because the target after that"}, {"start": "00:08:56", "end": "00:09:00", "text": "plays out ends up being just under"}, {"start": "00:08:58", "end": "00:09:01", "text": "$100,000."}, {"start": "00:09:00", "end": "00:09:03", "text": "That's where the fun begins because the"}, {"start": "00:09:01", "end": "00:09:05", "text": "price action on inverse head and"}, {"start": "00:09:03", "end": "00:09:07", "text": "shoulders should it play out and we get"}, {"start": "00:09:05", "end": "00:09:09", "text": "a little bit of a pullback ends up"}, {"start": "00:09:07", "end": "00:09:11", "text": "bringing us to just under 100K."}, {"start": "00:09:09", "end": "00:09:13", "text": "Sometimes the best trade in the market"}, {"start": "00:09:11", "end": "00:09:15", "text": "is no trade. And I do believe that we"}, {"start": "00:09:13", "end": "00:09:16", "text": "have to be very careful as we're"}, {"start": "00:09:15", "end": "00:09:18", "text": "approaching this Wednesday meeting with"}, {"start": "00:09:16", "end": "00:09:20", "text": "the Federal Reserve and get a good"}, {"start": "00:09:18", "end": "00:09:23", "text": "assessment for how much juice is left in"}, {"start": "00:09:20", "end": "00:09:24", "text": "the tank locally for Bitcoin before I"}, {"start": "00:09:23", "end": "00:09:26", "text": "decide to start hammering into the"}, {"start": "00:09:24", "end": "00:09:28", "text": "market even more. But let me know what"}, {"start": "00:09:26", "end": "00:09:30", "text": "you think in the comments down below. Do"}, {"start": "00:09:28", "end": "00:09:32", "text": "you think that the interest rate hike is"}, {"start": "00:09:30", "end": "00:09:34", "text": "going to nuke us down to $40,000 and"}, {"start": "00:09:32", "end": "00:09:36", "text": "give that golden entry point opportunity"}, {"start": "00:09:34", "end": "00:09:37", "text": "or is this going to be just more noise"}, {"start": "00:09:36", "end": "00:09:39", "text": "that's going to be washed away and"}, {"start": "00:09:37", "end": "00:09:41", "text": "forgotten in a few weeks and we just"}, {"start": "00:09:39", "end": "00:09:43", "text": "continue to keep grinding up? If the"}, {"start": "00:09:41", "end": "00:09:45", "text": "news makes your head spin like it does"}, {"start": "00:09:43", "end": "00:09:47", "text": "for me, we have developed something"}, {"start": "00:09:45", "end": "00:09:50", "text": "within the DC data hub called the market"}, {"start": "00:09:47", "end": "00:09:53", "text": "pulse. It's a fantastic place to go very"}, {"start": "00:09:50", "end": "00:09:55", "text": "quickly and get all of the updated news"}, {"start": "00:09:53", "end": "00:09:57", "text": "where you can get if it's a riskoff"}, {"start": "00:09:55", "end": "00:09:59", "text": "environment for the time being, what the"}, {"start": "00:09:57", "end": "00:10:01", "text": "most important pieces of information"}, {"start": "00:09:59", "end": "00:10:03", "text": "coming out over the next 48 hours are"}, {"start": "00:10:01", "end": "00:10:05", "text": "and what the action points that I can"}, {"start": "00:10:03", "end": "00:10:07", "text": "take for my portfolio can be from there."}, {"start": "00:10:05", "end": "00:10:09", "text": "Saves a lot of time for me. I'm a dad of"}, {"start": "00:10:07", "end": "00:10:12", "text": "four children and a father and I try to"}, {"start": "00:10:09", "end": "00:10:14", "text": "keep up with everyone and this tool has"}, {"start": "00:10:12", "end": "00:10:17", "text": "made it very very effective for me to"}, {"start": "00:10:14", "end": "00:10:19", "text": "have a thousand ft view of what's going"}, {"start": "00:10:17", "end": "00:10:21", "text": "on without getting caught up in the one"}, {"start": "00:10:19", "end": "00:10:22", "text": "minute candles and getting emotional"}, {"start": "00:10:21", "end": "00:10:24", "text": "about it. So if you want to go check it"}, {"start": "00:10:22", "end": "00:10:25", "text": "out, it's completely free. Click the"}, {"start": "00:10:24", "end": "00:10:28", "text": "link in the description and go find out"}, {"start": "00:10:25", "end": "00:10:31", "text": "for yourself and I'll see you on the"}, {"start": "00:10:28", "end": "00:10:31", "text": "next one."}]

[{"start": "00:00:00", "end": "00:00:06", "text": "This bill would put us all at risk of a"}, {"start": "00:00:04", "end": "00:00:07", "text": "cryptofueled"}, {"start": "00:00:06", "end": "00:00:09", "text": "economic crash."}, {"start": "00:00:07", "end": "00:00:11", "text": ">> Crypto's great because a group of"}, {"start": "00:00:09", "end": "00:00:13", "text": "grandpas and grandmas can decide that"}, {"start": "00:00:11", "end": "00:00:15", "text": "the future of finance and technological"}, {"start": "00:00:13", "end": "00:00:17", "text": "revolution is a no here in the United"}, {"start": "00:00:15", "end": "00:00:19", "text": "States. Voting down the Clarity Act"}, {"start": "00:00:17", "end": "00:00:22", "text": "today and causing mass liquidations and"}, {"start": "00:00:19", "end": "00:00:24", "text": "chaos. Just about $300 million in crypto"}, {"start": "00:00:22", "end": "00:00:26", "text": "longs were wiped out in the blink of an"}, {"start": "00:00:24", "end": "00:00:28", "text": "eye. There was zero Democrats that voted"}, {"start": "00:00:26", "end": "00:00:30", "text": "to move this bill forward and four"}, {"start": "00:00:28", "end": "00:00:32", "text": "Republicans actually voted no on it as"}, {"start": "00:00:30", "end": "00:00:33", "text": "well. But the calming message I have is"}, {"start": "00:00:32", "end": "00:00:35", "text": "that the cat is already out of the bag"}, {"start": "00:00:33", "end": "00:00:36", "text": "when it comes to Bitcoin and"}, {"start": "00:00:35", "end": "00:00:37", "text": "cryptocurrency. The world is moving"}, {"start": "00:00:36", "end": "00:00:39", "text": "towards us anyways. It's just a matter"}, {"start": "00:00:37", "end": "00:00:41", "text": "of time. If the United States wants to"}, {"start": "00:00:39", "end": "00:00:43", "text": "be behind on the buck trying to contain"}, {"start": "00:00:41", "end": "00:00:44", "text": "to control all of the banking"}, {"start": "00:00:43", "end": "00:00:46", "text": "infrastructure that we have in here,"}, {"start": "00:00:44", "end": "00:00:48", "text": "we're going to die holding on to the"}, {"start": "00:00:46", "end": "00:00:48", "text": "vine."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "Hey guys, hope you're well. Just a very"}, {"start": "00:00:01", "end": "00:00:04", "text": "quick update about the charts of XRP."}, {"start": "00:00:03", "end": "00:00:06", "text": "Just a very quick update. I've been"}, {"start": "00:00:04", "end": "00:00:09", "text": "looking at the charts and uh as we were"}, {"start": "00:00:06", "end": "00:00:11", "text": "walking by the coast of England. So, you"}, {"start": "00:00:09", "end": "00:00:13", "text": "may remember in the previous video uh"}, {"start": "00:00:11", "end": "00:00:16", "text": "that we called for a potential rally on"}, {"start": "00:00:13", "end": "00:00:17", "text": "XRP. That was uh by the way just came at"}, {"start": "00:00:16", "end": "00:00:19", "text": "the right time. As you may recall, I"}, {"start": "00:00:17", "end": "00:00:20", "text": "said there was a divergence in the chart"}, {"start": "00:00:19", "end": "00:00:23", "text": "of XRP. In fact, here's a clip."}, {"start": "00:00:20", "end": "00:00:25", "text": "typically at these depressed levels when"}, {"start": "00:00:23", "end": "00:00:27", "text": "you're seeing again XRP making a lower"}, {"start": "00:00:25", "end": "00:00:29", "text": "low uh again these kind of positive"}, {"start": "00:00:27", "end": "00:00:32", "text": "divergences with oversold conditions uh"}, {"start": "00:00:29", "end": "00:00:35", "text": "typically are indicative of a potential"}, {"start": "00:00:32", "end": "00:00:37", "text": "rally coming in the next several weeks."}, {"start": "00:00:35", "end": "00:00:39", "text": "So I think the odds are quite high"}, {"start": "00:00:37", "end": "00:00:41", "text": "having reached a psychological support"}, {"start": "00:00:39", "end": "00:00:43", "text": "just below a dollar or near a dollar but"}, {"start": "00:00:41", "end": "00:00:45", "text": "I think the odds are quite likely that"}, {"start": "00:00:43", "end": "00:00:46", "text": "we could see some kind of a strong"}, {"start": "00:00:45", "end": "00:00:49", "text": "bounce or rally. All right, guys. As you"}, {"start": "00:00:46", "end": "00:00:52", "text": "saw, uh we said at the time when XRP was"}, {"start": "00:00:49", "end": "00:00:54", "text": "just near $1 or in fact under a dollar,"}, {"start": "00:00:52", "end": "00:00:55", "text": "uh we said there could be a potential"}, {"start": "00:00:54", "end": "00:00:57", "text": "bounce, major rally based on the"}, {"start": "00:00:55", "end": "00:01:00", "text": "positive divergence we had on the chart"}, {"start": "00:00:57", "end": "00:01:02", "text": "of XRP and then we saw a major rally and"}, {"start": "00:01:00", "end": "00:01:05", "text": "bounce as you saw there and you can see"}, {"start": "00:01:02", "end": "00:01:07", "text": "on the chart. Now going forward, I would"}, {"start": "00:01:05", "end": "00:01:10", "text": "say this. I think now that Bitcoin has"}, {"start": "00:01:07", "end": "00:01:11", "text": "broken above a major resistance level."}, {"start": "00:01:10", "end": "00:01:14", "text": "So what I'm going to do is just compare"}, {"start": "00:01:11", "end": "00:01:16", "text": "the chart of XRP to the chart of Bitcoin"}, {"start": "00:01:14", "end": "00:01:20", "text": "and Ethereum. And we can see that"}, {"start": "00:01:16", "end": "00:01:22", "text": "because both cryptos, both Bitcoin and"}, {"start": "00:01:20", "end": "00:01:23", "text": "Ethereum have taken out their important"}, {"start": "00:01:22", "end": "00:01:25", "text": "resistance levels. An important"}, {"start": "00:01:23", "end": "00:01:28", "text": "resistance I mentioned in a previous"}, {"start": "00:01:25", "end": "00:01:30", "text": "video. Go ahead and check it out. So"}, {"start": "00:01:28", "end": "00:01:32", "text": "bottom line is because both of those"}, {"start": "00:01:30", "end": "00:01:34", "text": "major cryptos again Ethereum and Bitcoin"}, {"start": "00:01:32", "end": "00:01:36", "text": "have taken out that important resistance"}, {"start": "00:01:34", "end": "00:01:39", "text": "level. In other words, because both have"}, {"start": "00:01:36", "end": "00:01:41", "text": "also triggered a Dow theory bullish"}, {"start": "00:01:39", "end": "00:01:43", "text": "signal, both Bitcoin and Ethereum, I"}, {"start": "00:01:41", "end": "00:01:45", "text": "think the odds have also increased"}, {"start": "00:01:43", "end": "00:01:47", "text": "positively in favor of XRP as well. By"}, {"start": "00:01:45", "end": "00:01:49", "text": "the way, guys, take a look at this uh a"}, {"start": "00:01:47", "end": "00:01:51", "text": "beautiful coastline here in Torque as"}, {"start": "00:01:49", "end": "00:01:54", "text": "I'm walking here. Anyway guys, so I"}, {"start": "00:01:51", "end": "00:01:57", "text": "think it's looking very positive uh for"}, {"start": "00:01:54", "end": "00:01:59", "text": "XRP. Um so because we have a Dow theory"}, {"start": "00:01:57", "end": "00:02:01", "text": "bullish signal and break of resistance"}, {"start": "00:01:59", "end": "00:02:04", "text": "on the charts of Bitcoin and Ethereum"}, {"start": "00:02:01", "end": "00:02:07", "text": "and given this major rally that we've"}, {"start": "00:02:04", "end": "00:02:10", "text": "seen on XRP which is also shattered"}, {"start": "00:02:07", "end": "00:02:13", "text": "resistance I think the odds are now in"}, {"start": "00:02:10", "end": "00:02:16", "text": "favor of a potential multi-month rally"}, {"start": "00:02:13", "end": "00:02:17", "text": "in XRP. Now, as to how much higher we"}, {"start": "00:02:16", "end": "00:02:18", "text": "can go, that at the moment is uncertain,"}, {"start": "00:02:17", "end": "00:02:21", "text": "but I think the probability has"}, {"start": "00:02:18", "end": "00:02:24", "text": "increased for a multi-week, multi-month"}, {"start": "00:02:21", "end": "00:02:26", "text": "rally in XRP, especially we can take out"}, {"start": "00:02:24", "end": "00:02:27", "text": "the recent high in XRP as well. Okay,"}, {"start": "00:02:26", "end": "00:02:29", "text": "guys, that's what I got here on the"}, {"start": "00:02:27", "end": "00:02:30", "text": "charts. Thank you very much indeed from"}, {"start": "00:02:29", "end": "00:02:33", "text": "Torque Key. See you guys in the next"}, {"start": "00:02:30", "end": "00:02:33", "text": "video update."}]

[{"start": "00:00:00", "end": "00:00:02", "text": "Hey guys, Allesia here. Hope you're"}, {"start": "00:00:01", "end": "00:00:03", "text": "well. Making a quick video about"}, {"start": "00:00:02", "end": "00:00:05", "text": "Bitcoin. Let's talk a little bit about"}, {"start": "00:00:03", "end": "00:00:07", "text": "the Bitcoin situation and this"}, {"start": "00:00:05", "end": "00:00:08", "text": "particular chart and examine what the"}, {"start": "00:00:07", "end": "00:00:11", "text": "price action here on Bitcoin could be"}, {"start": "00:00:08", "end": "00:00:13", "text": "telling us. All right guys, join me."}, {"start": "00:00:11", "end": "00:00:14", "text": "[music]"}, {"start": "00:00:13", "end": "00:00:16", "text": "All right, guys. Welcome back. Speaking"}, {"start": "00:00:14", "end": "00:00:17", "text": "to you from the south of England in to"}, {"start": "00:00:16", "end": "00:00:19", "text": "this beautiful town of Cockington."}, {"start": "00:00:17", "end": "00:00:20", "text": "Quaint uh little houses almost like"}, {"start": "00:00:19", "end": "00:00:22", "text": "walking in the Hobbit or the set of the"}, {"start": "00:00:20", "end": "00:00:23", "text": "Hobbit. All right, guys. So, about the"}, {"start": "00:00:22", "end": "00:00:25", "text": "chart of Bitcoin. Really, what's been"}, {"start": "00:00:23", "end": "00:00:27", "text": "happening as we can see here, Bitcoin in"}, {"start": "00:00:25", "end": "00:00:30", "text": "the previous video, I mentioned, if you"}, {"start": "00:00:27", "end": "00:00:32", "text": "recall that I said on the weekly time"}, {"start": "00:00:30", "end": "00:00:35", "text": "frame of Bitcoin, uh we're likely going"}, {"start": "00:00:32", "end": "00:00:37", "text": "to rally towards the 50 SMA, the 50"}, {"start": "00:00:35", "end": "00:00:39", "text": "simple moving average. You can see that"}, {"start": "00:00:37", "end": "00:00:42", "text": "on the chart. And I said it's quite"}, {"start": "00:00:39", "end": "00:00:44", "text": "important we see how Bitcoin reacts to"}, {"start": "00:00:42", "end": "00:00:46", "text": "that weekly SMA. And we can see Bitcoin"}, {"start": "00:00:44", "end": "00:00:48", "text": "uh made contact with that level just"}, {"start": "00:00:46", "end": "00:00:50", "text": "near the 80K level. Then it made a"}, {"start": "00:00:48", "end": "00:00:52", "text": "slight pullback. And as we can see here,"}, {"start": "00:00:50", "end": "00:00:55", "text": "it has now managed to bypass in other"}, {"start": "00:00:52", "end": "00:00:57", "text": "words uh push through that weekly 50"}, {"start": "00:00:55", "end": "00:00:58", "text": "SMA. By the way, one important thing to"}, {"start": "00:00:57", "end": "00:01:00", "text": "mention here is that sentiment is also"}, {"start": "00:00:58", "end": "00:01:02", "text": "changed recently after we got that"}, {"start": "00:01:00", "end": "00:01:05", "text": "rally. We saw sentiment go from"}, {"start": "00:01:02", "end": "00:01:07", "text": "pessimistic to optimistic. So greed came"}, {"start": "00:01:05", "end": "00:01:09", "text": "back a little bit uh bullishness which"}, {"start": "00:01:07", "end": "00:01:10", "text": "usually happens in these kind of"}, {"start": "00:01:09", "end": "00:01:11", "text": "corrective uh sort of rallies. Anyway"}, {"start": "00:01:10", "end": "00:01:13", "text": "guys, here's the point. Here's the key"}, {"start": "00:01:11", "end": "00:01:16", "text": "point I want to make here, which is that"}, {"start": "00:01:13", "end": "00:01:19", "text": "if Bitcoin manages to break out higher"}, {"start": "00:01:16", "end": "00:01:21", "text": "and also go above the prior resistance"}, {"start": "00:01:19", "end": "00:01:23", "text": "that we made some months ago, I think"}, {"start": "00:01:21", "end": "00:01:24", "text": "it's just near 82K. If we break through"}, {"start": "00:01:23", "end": "00:01:26", "text": "that level, then that would increase the"}, {"start": "00:01:24", "end": "00:01:29", "text": "probability that a Dow theory bullish"}, {"start": "00:01:26", "end": "00:01:31", "text": "signal has triggered on Bitcoin and it"}, {"start": "00:01:29", "end": "00:01:33", "text": "would also increase the probability that"}, {"start": "00:01:31", "end": "00:01:36", "text": "a bottom has formed and that we could"}, {"start": "00:01:33", "end": "00:01:38", "text": "see a new trend, an uptrend towards"}, {"start": "00:01:36", "end": "00:01:39", "text": "potentially new highs. So, in other"}, {"start": "00:01:38", "end": "00:01:42", "text": "words, guys, just keeping it simple, if"}, {"start": "00:01:39", "end": "00:01:45", "text": "Bitcoin manages to make a move and rally"}, {"start": "00:01:42", "end": "00:01:47", "text": "and take out that important resistance"}, {"start": "00:01:45", "end": "00:01:49", "text": "again near 82K because that would"}, {"start": "00:01:47", "end": "00:01:51", "text": "trigger a Dow theory bullish signal and"}, {"start": "00:01:49", "end": "00:01:53", "text": "by breaking key resistance that would"}, {"start": "00:01:51", "end": "00:01:55", "text": "increase the probability that bottom has"}, {"start": "00:01:53", "end": "00:01:58", "text": "formed and also increase the probability"}, {"start": "00:01:55", "end": "00:01:59", "text": "that an uptrend starting on crypto. In"}, {"start": "00:01:58", "end": "00:02:01", "text": "other words, on Bitcoin and Ethereum."}, {"start": "00:01:59", "end": "00:02:02", "text": "Just to be clear, guys, that has not"}, {"start": "00:02:01", "end": "00:02:04", "text": "happened as yet. We need to wait and"}, {"start": "00:02:02", "end": "00:02:06", "text": "seek confirmation. What we have to do is"}, {"start": "00:02:04", "end": "00:02:08", "text": "just wait, be patient, and let's see if"}, {"start": "00:02:06", "end": "00:02:09", "text": "we get a confirmation. By the way,"}, {"start": "00:02:08", "end": "00:02:11", "text": "again, there's going to be some silly"}, {"start": "00:02:09", "end": "00:02:12", "text": "people, ignorant people, uh, on YouTube"}, {"start": "00:02:11", "end": "00:02:14", "text": "and social media, and they're going to"}, {"start": "00:02:12", "end": "00:02:15", "text": "say, \"Oh, Allesio is saying that if"}, {"start": "00:02:14", "end": "00:02:17", "text": "Bitcoin goes higher, it's going to go"}, {"start": "00:02:15", "end": "00:02:19", "text": "higher.\" Guys, honestly, these ignorant"}, {"start": "00:02:17", "end": "00:02:20", "text": "and illiterate people on social media,"}, {"start": "00:02:19", "end": "00:02:22", "text": "they have no idea what they're talking"}, {"start": "00:02:20", "end": "00:02:24", "text": "about because they don't understand"}, {"start": "00:02:22", "end": "00:02:25", "text": "probabilities. They don't understand how"}, {"start": "00:02:24", "end": "00:02:27", "text": "the markets work. So, all they hear is,"}, {"start": "00:02:25", "end": "00:02:28", "text": "\"Oh, up and down. That's it. That's all"}, {"start": "00:02:27", "end": "00:02:29", "text": "they want to hear.\" So, they're not"}, {"start": "00:02:28", "end": "00:02:31", "text": "really listening. That's why I call them"}, {"start": "00:02:29", "end": "00:02:33", "text": "illiterate because not only do they not"}, {"start": "00:02:31", "end": "00:02:34", "text": "want to read or even can read, they"}, {"start": "00:02:33", "end": "00:02:35", "text": "can't do that. They don't even listen"}, {"start": "00:02:34", "end": "00:02:37", "text": "properly. All right, guys. Make sure you"}, {"start": "00:02:35", "end": "00:02:39", "text": "watch the member video for more detailed"}, {"start": "00:02:37", "end": "00:02:40", "text": "analysis of Bitcoin, stock markets, and"}, {"start": "00:02:39", "end": "00:02:41", "text": "gold. And if you're not a member, join"}, {"start": "00:02:40", "end": "00:02:45", "text": "that link you see right there. Thanks"}, {"start": "00:02:41", "end": "00:02:45", "text": "very much. Bye for now."}, {"start": "00:02:54", "end": "00:02:56", "text": "[music]"}]

[{"start": "00:00:00", "end": "00:00:02", "text": "Hey guys, hope you're well. It's a quick"}, {"start": "00:00:01", "end": "00:00:04", "text": "update on the chart of Bitcoin. So,"}, {"start": "00:00:02", "end": "00:00:06", "text": "Bitcoin has seen a very strong rally"}, {"start": "00:00:04", "end": "00:00:07", "text": "recently and it's exploded higher to"}, {"start": "00:00:06", "end": "00:00:09", "text": "some important levels. So, let's dig"}, {"start": "00:00:07", "end": "00:00:12", "text": "into these charts. All right, guys. Join"}, {"start": "00:00:09", "end": "00:00:12", "text": "me."}, {"start": "00:00:12", "end": "00:00:15", "text": "All right, guys. Welcome back. Before we"}, {"start": "00:00:14", "end": "00:00:17", "text": "talk about Bitcoin, let me just first of"}, {"start": "00:00:15", "end": "00:00:19", "text": "all say that where I am talking is one"}, {"start": "00:00:17", "end": "00:00:21", "text": "of the most important places in history"}, {"start": "00:00:19", "end": "00:00:23", "text": "because right behind me, what you see"}, {"start": "00:00:21", "end": "00:00:25", "text": "over there, those cliffs and this entire"}, {"start": "00:00:23", "end": "00:00:27", "text": "area is where Julius Caesar, one of the"}, {"start": "00:00:25", "end": "00:00:29", "text": "key figures in Rome and in history,"}, {"start": "00:00:27", "end": "00:00:32", "text": "invaded Britain in the year 54 BC. So"}, {"start": "00:00:29", "end": "00:00:32", "text": "about 270 years ago and by the way along"}, {"start": "00:00:32", "end": "00:00:34", "text": "this coast there would have been"}, {"start": "00:00:32", "end": "00:00:36", "text": "hundreds of ships. That was uh Julius"}, {"start": "00:00:34", "end": "00:00:37", "text": "Sears's second invasion of Britain. All"}, {"start": "00:00:36", "end": "00:00:39", "text": "right guys, let's talk about Bitcoin. So"}, {"start": "00:00:37", "end": "00:00:41", "text": "we've seen a very strong rally in"}, {"start": "00:00:39", "end": "00:00:43", "text": "Bitcoin recently. And we've seen finally"}, {"start": "00:00:41", "end": "00:00:46", "text": "Bitcoin break out above the prior recent"}, {"start": "00:00:43", "end": "00:00:48", "text": "highs that it had there just near 66K."}, {"start": "00:00:46", "end": "00:00:50", "text": "And this rally has also managed to blow"}, {"start": "00:00:48", "end": "00:00:52", "text": "past the daily 200 SMA, the simple"}, {"start": "00:00:50", "end": "00:00:53", "text": "moving average. There is the green line"}, {"start": "00:00:52", "end": "00:00:54", "text": "you see on the chart. All right guys,"}, {"start": "00:00:53", "end": "00:00:56", "text": "now I should say first of all this rally"}, {"start": "00:00:54", "end": "00:00:58", "text": "we're seeing in Bitcoin was by no means"}, {"start": "00:00:56", "end": "00:00:59", "text": "a surprise. If you've been watching our"}, {"start": "00:00:58", "end": "00:01:02", "text": "member videos, I mentioned that as long"}, {"start": "00:00:59", "end": "00:01:03", "text": "as Bitcoin can remain above support,"}, {"start": "00:01:02", "end": "00:01:05", "text": "then there's potential here. There's"}, {"start": "00:01:03", "end": "00:01:08", "text": "scope for Bitcoin to potentially move"}, {"start": "00:01:05", "end": "00:01:10", "text": "higher and reach some key levels and"}, {"start": "00:01:08", "end": "00:01:12", "text": "targets, for example, near 7071K."}, {"start": "00:01:10", "end": "00:01:15", "text": "Overlapping structures again are"}, {"start": "00:01:12", "end": "00:01:17", "text": "indicative of corrective patterns, which"}, {"start": "00:01:15", "end": "00:01:19", "text": "in this scenario would be quite bullish"}, {"start": "00:01:17", "end": "00:01:21", "text": "for Bitcoin providing can break through"}, {"start": "00:01:19", "end": "00:01:23", "text": "resistance. There is potential here that"}, {"start": "00:01:21", "end": "00:01:26", "text": "what Bitcoin is doing is forming an ABC"}, {"start": "00:01:23", "end": "00:01:28", "text": "pattern and a likely C-wave taking us"}, {"start": "00:01:26", "end": "00:01:30", "text": "towards this region. The odds of"}, {"start": "00:01:28", "end": "00:01:32", "text": "increase for a potential bounce or"}, {"start": "00:01:30", "end": "00:01:34", "text": "rally, if not necessarily a bottom."}, {"start": "00:01:32", "end": "00:01:36", "text": "Sometimes you may get a bottom, a"}, {"start": "00:01:34", "end": "00:01:38", "text": "temporary bottom before some kind of a"}, {"start": "00:01:36", "end": "00:01:39", "text": "rally, an intermediate rally, and"}, {"start": "00:01:38", "end": "00:01:41", "text": "sometimes it may actually even be a"}, {"start": "00:01:39", "end": "00:01:43", "text": "long-term bottom. But for now, there's"}, {"start": "00:01:41", "end": "00:01:45", "text": "potential here. That is, as long as"}, {"start": "00:01:43", "end": "00:01:47", "text": "Bitcoin can hold support, there's"}, {"start": "00:01:45", "end": "00:01:51", "text": "potential here for bulls, for example,"}, {"start": "00:01:47", "end": "00:01:53", "text": "to push Bitcoin into this region for a"}, {"start": "00:01:51", "end": "00:01:55", "text": "likely reversion to the mean or a"}, {"start": "00:01:53", "end": "00:01:57", "text": "pullback. As I'm making this video,"}, {"start": "00:01:55", "end": "00:01:58", "text": "Bitcoin is in the range of 75 to 80K."}, {"start": "00:01:57", "end": "00:01:59", "text": "All right, guys. Let me first of all say"}, {"start": "00:01:58", "end": "00:02:02", "text": "that I'm sure there's going to be some"}, {"start": "00:01:59", "end": "00:02:04", "text": "analysts who are going to say that this"}, {"start": "00:02:02", "end": "00:02:06", "text": "strong rally on Bitcoin is the start of"}, {"start": "00:02:04", "end": "00:02:08", "text": "a new bull market on Bitcoin."}, {"start": "00:02:06", "end": "00:02:10", "text": "potentially a new uptrend, a new bull"}, {"start": "00:02:08", "end": "00:02:12", "text": "market likely to take us into brand new"}, {"start": "00:02:10", "end": "00:02:14", "text": "highs. Now, let me first of all say they"}, {"start": "00:02:12", "end": "00:02:16", "text": "could be right, but personally, I think"}, {"start": "00:02:14", "end": "00:02:18", "text": "it's too soon to call that and I'm"}, {"start": "00:02:16", "end": "00:02:21", "text": "actually doubtful that this particular"}, {"start": "00:02:18", "end": "00:02:23", "text": "rally is the start of a new bull market"}, {"start": "00:02:21", "end": "00:02:25", "text": "to take us into new highs. I personally"}, {"start": "00:02:23", "end": "00:02:28", "text": "don't think it's likely and the reason"}, {"start": "00:02:25", "end": "00:02:30", "text": "is that there is not as yet enough"}, {"start": "00:02:28", "end": "00:02:32", "text": "information to tell us that the bare"}, {"start": "00:02:30", "end": "00:02:33", "text": "market in Bitcoin has ended. Yes, I know"}, {"start": "00:02:32", "end": "00:02:34", "text": "some of you probably are thinking, well,"}, {"start": "00:02:33", "end": "00:02:36", "text": "how can I doubt that when we're seeing"}, {"start": "00:02:34", "end": "00:02:38", "text": "such a strong rally in Bitcoin? But we"}, {"start": "00:02:36", "end": "00:02:41", "text": "have to remember even in bare markets,"}, {"start": "00:02:38", "end": "00:02:43", "text": "we get very strong, powerful rallies."}, {"start": "00:02:41", "end": "00:02:45", "text": "So, there is absolutely every"}, {"start": "00:02:43", "end": "00:02:47", "text": "possibility that this rally we're seeing"}, {"start": "00:02:45", "end": "00:02:49", "text": "in Bitcoin is nothing more than a bare"}, {"start": "00:02:47", "end": "00:02:52", "text": "market rally or what is referred to in"}, {"start": "00:02:49", "end": "00:02:54", "text": "Elliot wave theory as an ABC type rally."}, {"start": "00:02:52", "end": "00:02:56", "text": "In other words, as we can see here, we"}, {"start": "00:02:54", "end": "00:02:58", "text": "have a three-wave rally, the Awave,"}, {"start": "00:02:56", "end": "00:03:00", "text": "Bwave, and a potential C-wave. And by"}, {"start": "00:02:58", "end": "00:03:02", "text": "the way, one thing we know about C-"}, {"start": "00:03:00", "end": "00:03:04", "text": "waves is that they're very powerful,"}, {"start": "00:03:02", "end": "00:03:05", "text": "very dynamic, and strong. So,"}, {"start": "00:03:04", "end": "00:03:06", "text": "personally, I think that if we're still"}, {"start": "00:03:05", "end": "00:03:09", "text": "in a bare market on Bitcoin, which I"}, {"start": "00:03:06", "end": "00:03:11", "text": "think is likely, then this particular"}, {"start": "00:03:09", "end": "00:03:13", "text": "rally we're seeing here from the lows we"}, {"start": "00:03:11", "end": "00:03:15", "text": "made some months ago, I think it's quite"}, {"start": "00:03:13", "end": "00:03:17", "text": "likely we're seeing a three-wave ABC"}, {"start": "00:03:15", "end": "00:03:20", "text": "rally, and that likely we're in the"}, {"start": "00:03:17", "end": "00:03:23", "text": "C-wave of this ABC rally, which could"}, {"start": "00:03:20", "end": "00:03:26", "text": "take us eventually to the 50 simple"}, {"start": "00:03:23", "end": "00:03:27", "text": "moving average on the weekly chart."}, {"start": "00:03:26", "end": "00:03:28", "text": "Okay? Okay. So, if you look at the"}, {"start": "00:03:27", "end": "00:03:30", "text": "weekly chart of Bitcoin, you'll see a"}, {"start": "00:03:28", "end": "00:03:32", "text": "white line, the grayish white line. And"}, {"start": "00:03:30", "end": "00:03:34", "text": "you'll see that 50 SMA, the 50 simple"}, {"start": "00:03:32", "end": "00:03:36", "text": "moving average is just near the 80k"}, {"start": "00:03:34", "end": "00:03:37", "text": "range. And I think by the time the price"}, {"start": "00:03:36", "end": "00:03:38", "text": "could potentially reach that level, of"}, {"start": "00:03:37", "end": "00:03:40", "text": "course, there's no certainty, there's no"}, {"start": "00:03:38", "end": "00:03:42", "text": "guarantee that price is going to move to"}, {"start": "00:03:40", "end": "00:03:44", "text": "that level. But on the balance of"}, {"start": "00:03:42", "end": "00:03:47", "text": "probabilities, if Bitcoin is indeed"}, {"start": "00:03:44", "end": "00:03:48", "text": "rallying towards a test of that 50 SMA,"}, {"start": "00:03:47", "end": "00:03:50", "text": "my good friend Charlie Burton has"}, {"start": "00:03:48", "end": "00:03:52", "text": "mentioned previously in his videos that"}, {"start": "00:03:50", "end": "00:03:54", "text": "sometimes after strong drops and"}, {"start": "00:03:52", "end": "00:03:56", "text": "crashes, especially in bare markets,"}, {"start": "00:03:54", "end": "00:04:01", "text": "sometimes we see some kind of a counter"}, {"start": "00:03:56", "end": "00:04:03", "text": "rally to go back and test that 50 SMA,"}, {"start": "00:04:01", "end": "00:04:05", "text": "the 50 simple moving average, which in"}, {"start": "00:04:03", "end": "00:04:07", "text": "the next few weeks could merge with the"}, {"start": "00:04:05", "end": "00:04:08", "text": "levels of about 80K to 78K range. And by"}, {"start": "00:04:07", "end": "00:04:10", "text": "the way, in case you're wondering, okay,"}, {"start": "00:04:08", "end": "00:04:11", "text": "well, so what? Well, here's the thing."}, {"start": "00:04:10", "end": "00:04:14", "text": "And here's what's important about this."}, {"start": "00:04:11", "end": "00:04:17", "text": "You see guys, what happens after Bitcoin"}, {"start": "00:04:14", "end": "00:04:18", "text": "tests or reaches that 50 simple moving"}, {"start": "00:04:17", "end": "00:04:22", "text": "average on the weekly chart is going to"}, {"start": "00:04:18", "end": "00:04:26", "text": "be key because if Bitcoin manages to"}, {"start": "00:04:22", "end": "00:04:28", "text": "successfully explode through the 50 SMA"}, {"start": "00:04:26", "end": "00:04:29", "text": "and continue to push through the 50"}, {"start": "00:04:28", "end": "00:04:31", "text": "simple moving average on the weekly"}, {"start": "00:04:29", "end": "00:04:33", "text": "chart, that potentially may increase the"}, {"start": "00:04:31", "end": "00:04:36", "text": "likelihood that the bare market has"}, {"start": "00:04:33", "end": "00:04:38", "text": "ended. However, if Bitcoin instead fails"}, {"start": "00:04:36", "end": "00:04:41", "text": "to push through the 50 SMA, or in other"}, {"start": "00:04:38", "end": "00:04:42", "text": "words, if it gets rejected from the 50"}, {"start": "00:04:41", "end": "00:04:44", "text": "simple moving average, there actually"}, {"start": "00:04:42", "end": "00:04:46", "text": "could be an increasing sign of danger"}, {"start": "00:04:44", "end": "00:04:49", "text": "and the risk could increase of another"}, {"start": "00:04:46", "end": "00:04:51", "text": "drop down to test the lows that we made"}, {"start": "00:04:49", "end": "00:04:54", "text": "some months ago. So, in other words,"}, {"start": "00:04:51", "end": "00:04:56", "text": "guys, what Bitcoin does at the 50 SMA on"}, {"start": "00:04:54", "end": "00:04:58", "text": "the weekly chart, in other words, if it"}, {"start": "00:04:56", "end": "00:05:00", "text": "gets rejected at that level and then"}, {"start": "00:04:58", "end": "00:05:01", "text": "drops down, falls below support, that"}, {"start": "00:05:00", "end": "00:05:04", "text": "could significantly increase the odds"}, {"start": "00:05:01", "end": "00:05:06", "text": "and the risk of a bare market"}, {"start": "00:05:04", "end": "00:05:08", "text": "continuation and another drop to new"}, {"start": "00:05:06", "end": "00:05:11", "text": "lows. And so far, guys, remember, so far"}, {"start": "00:05:08", "end": "00:05:12", "text": "this rally has been a three-wave rally,"}, {"start": "00:05:11", "end": "00:05:15", "text": "not a five-wave rally. Remember, guys,"}, {"start": "00:05:12", "end": "00:05:17", "text": "the three-wave rallies are corrective in"}, {"start": "00:05:15", "end": "00:05:18", "text": "structure. In other words, because so"}, {"start": "00:05:17", "end": "00:05:20", "text": "far what we've seen on Bitcoin is a"}, {"start": "00:05:18", "end": "00:05:23", "text": "three-wave rally or structure, it's more"}, {"start": "00:05:20", "end": "00:05:25", "text": "likely we're dealing with a correction,"}, {"start": "00:05:23", "end": "00:05:27", "text": "not the start of a trend or an uptrend"}, {"start": "00:05:25", "end": "00:05:29", "text": "because most trends start with an"}, {"start": "00:05:27", "end": "00:05:31", "text": "impulsive rally or a fivewave rally. And"}, {"start": "00:05:29", "end": "00:05:32", "text": "that is not what we're seeing on Bitcoin"}, {"start": "00:05:31", "end": "00:05:33", "text": "at the moment. And by the way guys, I"}, {"start": "00:05:32", "end": "00:05:35", "text": "covered the chart of Bitcoin as well as"}, {"start": "00:05:33", "end": "00:05:36", "text": "the chart of gold and the stock markets"}, {"start": "00:05:35", "end": "00:05:38", "text": "in much more detail in the member"}, {"start": "00:05:36", "end": "00:05:39", "text": "videos. So go ahead and check them out."}, {"start": "00:05:38", "end": "00:05:41", "text": "And if you're not a member, join that"}, {"start": "00:05:39", "end": "00:05:42", "text": "link you see right there. So guys, from"}, {"start": "00:05:41", "end": "00:05:44", "text": "this amazing place in Britain where"}, {"start": "00:05:42", "end": "00:05:46", "text": "Julius Caesar and his army reached"}, {"start": "00:05:44", "end": "00:05:50", "text": "Britain in 54 BC, I wish you a fantastic"}, {"start": "00:05:46", "end": "00:05:50", "text": "week. Bye for now. Cheers."}]

[{"start": "00:00:00", "end": "00:00:02", "text": "Hey guys, Allesio here. Hope you're"}, {"start": "00:00:01", "end": "00:00:05", "text": "well. Just making a quick video for you"}, {"start": "00:00:02", "end": "00:00:08", "text": "about XRP. So, I was watching the charts"}, {"start": "00:00:05", "end": "00:00:12", "text": "of XRP this morning and I noticed that"}, {"start": "00:00:08", "end": "00:00:14", "text": "the crypto again XRP seems to be forming"}, {"start": "00:00:12", "end": "00:00:17", "text": "a kind of positive divergence on the"}, {"start": "00:00:14", "end": "00:00:19", "text": "daily chart and typically at these"}, {"start": "00:00:17", "end": "00:00:22", "text": "depressed levels when you're seeing"}, {"start": "00:00:19", "end": "00:00:26", "text": "again XRP making a lower low and the"}, {"start": "00:00:22", "end": "00:00:27", "text": "MACD indicator MACD making a higher low."}, {"start": "00:00:26", "end": "00:00:30", "text": "Uh again, these kind of positive"}, {"start": "00:00:27", "end": "00:00:33", "text": "divergences with oversold conditions uh"}, {"start": "00:00:30", "end": "00:00:36", "text": "typically are indicative of a potential"}, {"start": "00:00:33", "end": "00:00:39", "text": "rally coming in the next several weeks."}, {"start": "00:00:36", "end": "00:00:42", "text": "So I think there's a strong likelihood"}, {"start": "00:00:39", "end": "00:00:45", "text": "of XRP making a likely rally of XRP"}, {"start": "00:00:42", "end": "00:00:47", "text": "making a potential reversal and some"}, {"start": "00:00:45", "end": "00:00:48", "text": "kind of a multi-week rally. Right now as"}, {"start": "00:00:47", "end": "00:00:50", "text": "I'm making this video here in the"}, {"start": "00:00:48", "end": "00:00:53", "text": "streets of Liverpool in the UK, the"}, {"start": "00:00:50", "end": "00:00:56", "text": "price of XRP is just below a dollar. So"}, {"start": "00:00:53", "end": "00:00:58", "text": "like 0.99 or something. Anyway, so I"}, {"start": "00:00:56", "end": "00:01:01", "text": "think the odds are quite high having"}, {"start": "00:00:58", "end": "00:01:03", "text": "reached a psychological support just"}, {"start": "00:01:01", "end": "00:01:04", "text": "below a dollar or near a dollar. By the"}, {"start": "00:01:03", "end": "00:01:06", "text": "time I publish this video, the price of"}, {"start": "00:01:04", "end": "00:01:09", "text": "XRP may already have gone up to just"}, {"start": "00:01:06", "end": "00:01:10", "text": "above a dollar. But I think the odds are"}, {"start": "00:01:09", "end": "00:01:13", "text": "quite likely that we could see some kind"}, {"start": "00:01:10", "end": "00:01:15", "text": "of a strong bounce or rally again given"}, {"start": "00:01:13", "end": "00:01:17", "text": "extreme oversold conditions, near"}, {"start": "00:01:15", "end": "00:01:19", "text": "psychological support with positive"}, {"start": "00:01:17", "end": "00:01:21", "text": "divergence. And of course, if Bitcoin"}, {"start": "00:01:19", "end": "00:01:23", "text": "manages to rally, I could put upward"}, {"start": "00:01:21", "end": "00:01:25", "text": "pressure on XRP as well. I would say to"}, {"start": "00:01:23", "end": "00:01:27", "text": "play this a bit more safely, we could"}, {"start": "00:01:25", "end": "00:01:29", "text": "wait until the price of XRP managed to"}, {"start": "00:01:27", "end": "00:01:31", "text": "go above a dollar. All right, guys. What"}, {"start": "00:01:29", "end": "00:01:34", "text": "I got on XRP. Thanks very much indeed."}, {"start": "00:01:31", "end": "00:01:34", "text": "See you guys soon."}]

[{"start": "00:00:00", "end": "00:00:02", "text": "Hey guys, Alessio. Hope you're well."}, {"start": "00:00:01", "end": "00:00:04", "text": "Just give me a quick update on chart of"}, {"start": "00:00:02", "end": "00:00:07", "text": "gold. So, the metal here has had a nice"}, {"start": "00:00:04", "end": "00:00:08", "text": "rally and bounce as we can see here. So,"}, {"start": "00:00:07", "end": "00:00:11", "text": "we managed to come down to just near"}, {"start": "00:00:08", "end": "00:00:12", "text": "4,000 and gold has rallied off from that"}, {"start": "00:00:11", "end": "00:00:14", "text": "level. So, I'm just going to cover the"}, {"start": "00:00:12", "end": "00:00:15", "text": "chart of gold very quickly and give you"}, {"start": "00:00:14", "end": "00:00:17", "text": "what I think is likely happening here."}, {"start": "00:00:15", "end": "00:00:19", "text": "Has gold bottomed or is it likely to"}, {"start": "00:00:17", "end": "00:00:21", "text": "have much lower to go? All right guys,"}, {"start": "00:00:19", "end": "00:00:21", "text": "join me."}, {"start": "00:00:22", "end": "00:00:25", "text": "All right guys, welcome back on a"}, {"start": "00:00:23", "end": "00:00:28", "text": "beautiful sunny day here in Scotland. I"}, {"start": "00:00:25", "end": "00:00:29", "text": "came here just recently to attend a"}, {"start": "00:00:28", "end": "00:00:30", "text": "wedding and yeah, Edinburgh is an"}, {"start": "00:00:29", "end": "00:00:32", "text": "amazing place to come to if you've never"}, {"start": "00:00:30", "end": "00:00:34", "text": "been. So about the chart of gold. So,"}, {"start": "00:00:32", "end": "00:00:36", "text": "we've seen the metal managed to rally"}, {"start": "00:00:34", "end": "00:00:38", "text": "after it dropped to about 4,000, just"}, {"start": "00:00:36", "end": "00:00:41", "text": "under 4,000. You can see here. Then it"}, {"start": "00:00:38", "end": "00:00:42", "text": "managed to rally nicely and many people"}, {"start": "00:00:41", "end": "00:00:45", "text": "it seems have come to the conclusion"}, {"start": "00:00:42", "end": "00:00:46", "text": "already that gold has bottomed and that"}, {"start": "00:00:45", "end": "00:00:48", "text": "we're now going to start, in other"}, {"start": "00:00:46", "end": "00:00:49", "text": "words, in their view, they think that"}, {"start": "00:00:48", "end": "00:00:51", "text": "gold is not going to rally back to its"}, {"start": "00:00:49", "end": "00:00:54", "text": "previous all-time highs and probably go"}, {"start": "00:00:51", "end": "00:00:56", "text": "above 5,600 to I don't know, 6,000,"}, {"start": "00:00:54", "end": "00:00:57", "text": "7,000, much higher. Again, that seems to"}, {"start": "00:00:56", "end": "00:00:59", "text": "be what the general opinion is among"}, {"start": "00:00:57", "end": "00:01:01", "text": "some people who are quite bullish on"}, {"start": "00:00:59", "end": "00:01:02", "text": "gold right now. However, I actually"}, {"start": "00:01:01", "end": "00:01:04", "text": "disagree with this view. You probably"}, {"start": "00:01:02", "end": "00:01:06", "text": "remember this some months ago in fact,"}, {"start": "00:01:04", "end": "00:01:08", "text": "back at the start of this year when gold"}, {"start": "00:01:06", "end": "00:01:10", "text": "was rallying and moving above 5,000, you"}, {"start": "00:01:08", "end": "00:01:13", "text": "know, I was warning that there was a"}, {"start": "00:01:10", "end": "00:01:14", "text": "significant risk of a big drop in the"}, {"start": "00:01:13", "end": "00:01:16", "text": "price of gold. We'd seen extreme"}, {"start": "00:01:14", "end": "00:01:18", "text": "overbought conditions, extreme"}, {"start": "00:01:16", "end": "00:01:19", "text": "acceleration in the price of gold, which"}, {"start": "00:01:18", "end": "00:01:21", "text": "again I covered in previous videos. So,"}, {"start": "00:01:19", "end": "00:01:23", "text": "there was a strong risk of a pullback or"}, {"start": "00:01:21", "end": "00:01:26", "text": "a drop. Now, the question is, has this"}, {"start": "00:01:23", "end": "00:01:28", "text": "pullback correction, has it ended? Has"}, {"start": "00:01:26", "end": "00:01:30", "text": "the bear market in gold ended? I"}, {"start": "00:01:28", "end": "00:01:32", "text": "seriously doubt it. And that's because"}, {"start": "00:01:30", "end": "00:01:33", "text": "guys, usually after such parabolic"}, {"start": "00:01:32", "end": "00:01:36", "text": "rallies like we saw in gold, typically"}, {"start": "00:01:33", "end": "00:01:39", "text": "we see a significant correction down to"}, {"start": "00:01:36", "end": "00:01:41", "text": "the monthly 21 EMA. The 21 monthly"}, {"start": "00:01:39", "end": "00:01:43", "text": "average. We have not seen that as yet. I"}, {"start": "00:01:41", "end": "00:01:45", "text": "actually don't think that this drop"}, {"start": "00:01:43", "end": "00:01:47", "text": "we're seeing so far from this from the"}, {"start": "00:01:45", "end": "00:01:48", "text": "all-time highs down to the recent lows,"}, {"start": "00:01:47", "end": "00:01:51", "text": "I don't think that's the end of the"}, {"start": "00:01:48", "end": "00:01:52", "text": "correction or the bear market. So,"}, {"start": "00:01:51", "end": "00:01:54", "text": "personally I think this rally we're"}, {"start": "00:01:52", "end": "00:01:55", "text": "seeing here, this recent rally in the"}, {"start": "00:01:54", "end": "00:01:57", "text": "price of gold is what would typically be"}, {"start": "00:01:55", "end": "00:01:59", "text": "called a reversion to the mean. In other"}, {"start": "00:01:57", "end": "00:02:00", "text": "words, even in bear markets, as we know"}, {"start": "00:01:59", "end": "00:02:01", "text": "guys, even in bear markets, we typically"}, {"start": "00:02:00", "end": "00:02:02", "text": "see rallies."}, {"start": "00:02:01", "end": "00:02:05", "text": ">> People are getting a little bit bearish."}, {"start": "00:02:02", "end": "00:02:07", "text": "It's the correction slowing down. So,"}, {"start": "00:02:05", "end": "00:02:09", "text": "he's looking for a bounce as part of the"}, {"start": "00:02:07", "end": "00:02:11", "text": "corrective process. A rally in here."}, {"start": "00:02:09", "end": "00:02:13", "text": "We're in that kind of environment where"}, {"start": "00:02:11", "end": "00:02:14", "text": "you're going to get sharp countertrend"}, {"start": "00:02:13", "end": "00:02:15", "text": "rallies as well."}, {"start": "00:02:14", "end": "00:02:16", "text": ">> There could be all kinds of squiggles,"}, {"start": "00:02:15", "end": "00:02:18", "text": "you know, ups and downs, you know, there"}, {"start": "00:02:16", "end": "00:02:20", "text": "could be a bounce in the short term, but"}, {"start": "00:02:18", "end": "00:02:21", "text": "overall, we're still in a bear market."}, {"start": "00:02:20", "end": "00:02:23", "text": ">> So, I think we have to be extremely"}, {"start": "00:02:21", "end": "00:02:26", "text": "careful about drawing the conclusion"}, {"start": "00:02:23", "end": "00:02:28", "text": "that the bear market or the correction"}, {"start": "00:02:26", "end": "00:02:29", "text": "in gold has ended and we're now moving"}, {"start": "00:02:28", "end": "00:02:31", "text": "straight up back to all-time highs. By"}, {"start": "00:02:29", "end": "00:02:32", "text": "the way, I realize some people watching"}, {"start": "00:02:31", "end": "00:02:34", "text": "this video are probably going to say,"}, {"start": "00:02:32", "end": "00:02:35", "text": "\"Hey, Alessio, you're always bearish and"}, {"start": "00:02:34", "end": "00:02:36", "text": "negative on gold.\" First of all, that is"}, {"start": "00:02:35", "end": "00:02:38", "text": "not true. There have been periods when"}, {"start": "00:02:36", "end": "00:02:39", "text": "I've been bullish on gold. However, to"}, {"start": "00:02:38", "end": "00:02:42", "text": "put it simply, I believe that the"}, {"start": "00:02:39", "end": "00:02:44", "text": "correction or bear market in gold is not"}, {"start": "00:02:42", "end": "00:02:46", "text": "done. I think we have more to go this"}, {"start": "00:02:44", "end": "00:02:47", "text": "year. There was more downside to go."}, {"start": "00:02:46", "end": "00:02:49", "text": "But, I think eventually, look,"}, {"start": "00:02:47", "end": "00:02:52", "text": "eventually, in the long term, can gold"}, {"start": "00:02:49", "end": "00:02:54", "text": "go much higher? Absolutely. So, I am not"}, {"start": "00:02:52", "end": "00:02:56", "text": "permanently bearish on gold. I'm simply"}, {"start": "00:02:54", "end": "00:02:58", "text": "saying that for now, this year, I don't"}, {"start": "00:02:56", "end": "00:03:01", "text": "think this drop is done. I think, again,"}, {"start": "00:02:58", "end": "00:03:02", "text": "the rally we're seeing is a typical bear"}, {"start": "00:03:01", "end": "00:03:04", "text": "market rally, or in other words, a"}, {"start": "00:03:02", "end": "00:03:07", "text": "pullback reversion to the mean before we"}, {"start": "00:03:04", "end": "00:03:08", "text": "see significantly more downside to go."}, {"start": "00:03:07", "end": "00:03:10", "text": "And I'm actually looking forward to"}, {"start": "00:03:08", "end": "00:03:11", "text": "acquiring more gold at lower prices."}, {"start": "00:03:10", "end": "00:03:14", "text": "Now, of course,"}, {"start": "00:03:11", "end": "00:03:16", "text": "is it possible that gold may have"}, {"start": "00:03:14", "end": "00:03:18", "text": "potentially ended its bear market and"}, {"start": "00:03:16", "end": "00:03:20", "text": "perhaps is rallying back to its all-time"}, {"start": "00:03:18", "end": "00:03:22", "text": "highs? It is possible. Again, we have to"}, {"start": "00:03:20", "end": "00:03:24", "text": "remember the markets, including gold,"}, {"start": "00:03:22", "end": "00:03:26", "text": "are unpredictable and markets are"}, {"start": "00:03:24", "end": "00:03:29", "text": "chaotic and uncertain. So, there is no"}, {"start": "00:03:26", "end": "00:03:30", "text": "absolute certainty in any analysis we"}, {"start": "00:03:29", "end": "00:03:33", "text": "do. And I could be wrong here. But,"}, {"start": "00:03:30", "end": "00:03:36", "text": "generally, from past experience, uh it's"}, {"start": "00:03:33", "end": "00:03:38", "text": "my belief that gold has not yet ended"}, {"start": "00:03:36", "end": "00:03:40", "text": "its bear market. And I think what we're"}, {"start": "00:03:38", "end": "00:03:42", "text": "seeing here is a typical uh bear market"}, {"start": "00:03:40", "end": "00:03:44", "text": "correction. In other words, um a rally"}, {"start": "00:03:42", "end": "00:03:46", "text": "which we typically see in any kind of"}, {"start": "00:03:44", "end": "00:03:47", "text": "downtrend or bear market. One thing we"}, {"start": "00:03:46", "end": "00:03:50", "text": "have to remember, the rally so far from"}, {"start": "00:03:47", "end": "00:03:52", "text": "the lows has been a three-wave rally."}, {"start": "00:03:50", "end": "00:03:54", "text": "So, it's a corrective rally. As we know,"}, {"start": "00:03:52", "end": "00:03:56", "text": "three-wave rallies are typically"}, {"start": "00:03:54", "end": "00:03:58", "text": "corrections. So, in my view, that's an"}, {"start": "00:03:56", "end": "00:04:00", "text": "ABC corrective rally we're seeing in the"}, {"start": "00:03:58", "end": "00:04:03", "text": "price of gold. And by the way, remember,"}, {"start": "00:04:00", "end": "00:04:05", "text": "gold has only managed to rally back to"}, {"start": "00:04:03", "end": "00:04:07", "text": "some key resistance levels. For example,"}, {"start": "00:04:05", "end": "00:04:10", "text": "on the weekly chart, gold has rallied"}, {"start": "00:04:07", "end": "00:04:12", "text": "back to its weekly 21 EMA and its 50"}, {"start": "00:04:10", "end": "00:04:14", "text": "SMA, the 50 simple moving average, which"}, {"start": "00:04:12", "end": "00:04:16", "text": "again is very typical and normal."}, {"start": "00:04:14", "end": "00:04:18", "text": "Usually happens in downtrends and bear"}, {"start": "00:04:16", "end": "00:04:20", "text": "markets. And that's a very important"}, {"start": "00:04:18", "end": "00:04:22", "text": "resistance level. So, my view is as long"}, {"start": "00:04:20", "end": "00:04:24", "text": "as gold can remain below this"}, {"start": "00:04:22", "end": "00:04:26", "text": "resistance, about 4,500,"}, {"start": "00:04:24", "end": "00:04:28", "text": "the balance of probability still favors"}, {"start": "00:04:26", "end": "00:04:30", "text": "more downside to come in the next"}, {"start": "00:04:28", "end": "00:04:32", "text": "several months. So, in other words, in"}, {"start": "00:04:30", "end": "00:04:35", "text": "my view, as long as gold can hold that"}, {"start": "00:04:32", "end": "00:04:37", "text": "50 simple moving average on the weekly"}, {"start": "00:04:35", "end": "00:04:39", "text": "chart and the 21 and 34 weekly EMAs, as"}, {"start": "00:04:37", "end": "00:04:41", "text": "long as it holds those levels of"}, {"start": "00:04:39", "end": "00:04:43", "text": "resistance, the higher probability is"}, {"start": "00:04:41", "end": "00:04:47", "text": "for gold to eventually drop down and"}, {"start": "00:04:43", "end": "00:04:49", "text": "move back, make new lows below 4,000."}, {"start": "00:04:47", "end": "00:04:51", "text": "And I think in the next several months,"}, {"start": "00:04:49", "end": "00:04:53", "text": "we'll likely probably see gold below"}, {"start": "00:04:51", "end": "00:04:55", "text": "4,000 at much lower levels. Now again,"}, {"start": "00:04:53", "end": "00:04:57", "text": "let me repeat, I could be wrong here."}, {"start": "00:04:55", "end": "00:04:59", "text": "There is absolutely no certainty in any"}, {"start": "00:04:57", "end": "00:05:01", "text": "markets because again, we have to"}, {"start": "00:04:59", "end": "00:05:03", "text": "appreciate the markets are non-linear"}, {"start": "00:05:01", "end": "00:05:05", "text": "and chaotic. But again, generally, from"}, {"start": "00:05:03", "end": "00:05:07", "text": "what I'm seeing on the chart and"}, {"start": "00:05:05", "end": "00:05:08", "text": "generally from experience, my personal"}, {"start": "00:05:07", "end": "00:05:10", "text": "view is I don't think that the"}, {"start": "00:05:08", "end": "00:05:11", "text": "correction in gold is done. So,"}, {"start": "00:05:10", "end": "00:05:13", "text": "personally, in my view, I think this"}, {"start": "00:05:11", "end": "00:05:15", "text": "rally we're seeing here in gold is just"}, {"start": "00:05:13", "end": "00:05:17", "text": "a pullback B wave. In other words, some"}, {"start": "00:05:15", "end": "00:05:20", "text": "kind of retracement after that major"}, {"start": "00:05:17", "end": "00:05:22", "text": "decline we had. And I think that in the"}, {"start": "00:05:20", "end": "00:05:24", "text": "next several weeks and months, we'll"}, {"start": "00:05:22", "end": "00:05:26", "text": "probably see gold drop back down to make"}, {"start": "00:05:24", "end": "00:05:29", "text": "new lows and continue the downtrend."}, {"start": "00:05:26", "end": "00:05:30", "text": "So, below 4,000. That's my view. Make"}, {"start": "00:05:29", "end": "00:05:32", "text": "sure you also watch the member videos"}, {"start": "00:05:30", "end": "00:05:33", "text": "for more detailed analysis of gold as"}, {"start": "00:05:32", "end": "00:05:35", "text": "well as other key markets. Thanks very"}, {"start": "00:05:33", "end": "00:05:37", "text": "much indeed, guys, for watching. I'll"}, {"start": "00:05:35", "end": "00:05:37", "text": "see you guys next video."}, {"start": "00:05:47", "end": "00:05:49", "text": ">> Mhm."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "What I want to focus on is the fact that"}, {"start": "00:00:01", "end": "00:00:06", "text": "the banner cycle projected a likely top"}, {"start": "00:00:04", "end": "00:00:08", "text": "by the end of the year 2026."}, {"start": "00:00:06", "end": "00:00:11", "text": ">> What I think's going to happen is that"}, {"start": "00:00:08", "end": "00:00:12", "text": "the bear market is going to be"}, {"start": "00:00:11", "end": "00:00:14", "text": "unprecedented. It's going to have to"}, {"start": "00:00:12", "end": "00:00:19", "text": "undo all"}, {"start": "00:00:14", "end": "00:00:22", "text": "of the overvaluation and mostly undo all"}, {"start": "00:00:19", "end": "00:00:24", "text": "of the debt pyramiding that's going on."}, {"start": "00:00:22", "end": "00:00:27", "text": "Uh I think people are going to look back"}, {"start": "00:00:24", "end": "00:00:29", "text": "at some point later in this year and"}, {"start": "00:00:27", "end": "00:00:30", "text": "say, \"Oh, I guess I I see what they were"}, {"start": "00:00:29", "end": "00:00:32", "text": "talking about.\""}, {"start": "00:00:30", "end": "00:00:34", "text": ">> According to the way you're seeing"}, {"start": "00:00:32", "end": "00:00:36", "text": "things, Bob, we could likely see some"}, {"start": "00:00:34", "end": "00:00:38", "text": "kind of a a top maybe by the end of this"}, {"start": "00:00:36", "end": "00:00:39", "text": "year going to next year 2026. Would I be"}, {"start": "00:00:38", "end": "00:00:41", "text": "correct more or less?"}, {"start": "00:00:39", "end": "00:00:43", "text": ">> What's interesting is that it points to"}, {"start": "00:00:41", "end": "00:00:45", "text": "the same year that your banner chart"}, {"start": "00:00:43", "end": "00:00:48", "text": "points to, which is 2026. But, I think"}, {"start": "00:00:45", "end": "00:00:50", "text": "this is a good spot to be looking for uh"}, {"start": "00:00:48", "end": "00:00:53", "text": "the beginning of a bear market. The day"}, {"start": "00:00:50", "end": "00:00:55", "text": "we have serious downside AD ratio, you"}, {"start": "00:00:53", "end": "00:00:56", "text": "know, 9:1, 10:1 on the downside, that's"}, {"start": "00:00:55", "end": "00:00:59", "text": "going to tell you that the whole"}, {"start": "00:00:56", "end": "00:01:02", "text": "rotation game is over. A bear market's"}, {"start": "00:00:59", "end": "00:01:04", "text": "definitely here. I am currently as as"}, {"start": "00:01:02", "end": "00:01:05", "text": "bearish as I can possibly be."}, {"start": "00:01:04", "end": "00:01:07", "text": ">> That bear market could potentially be I"}, {"start": "00:01:05", "end": "00:01:08", "text": "think in your view is it could"}, {"start": "00:01:07", "end": "00:01:11", "text": "potentially be as devastating as the"}, {"start": "00:01:08", "end": "00:01:13", "text": "dot-com crash that occurred in Nasdaq,"}, {"start": "00:01:11", "end": "00:01:14", "text": "which is about 80%."}, {"start": "00:01:13", "end": "00:01:17", "text": ">> Uh it'll be way worse than that."}, {"start": "00:01:14", "end": "00:01:19", "text": ">> Bob, often one of the criticisms I get"}, {"start": "00:01:17", "end": "00:01:21", "text": "or responses I get on YouTube from"}, {"start": "00:01:19", "end": "00:01:24", "text": "people is that oh, Bob Prechter is too"}, {"start": "00:01:21", "end": "00:01:25", "text": "bearish or is always bearish. Would you"}, {"start": "00:01:24", "end": "00:01:26", "text": "say that's fair? All right, guys, hello"}, {"start": "00:01:25", "end": "00:01:28", "text": "and welcome to a very special guest."}, {"start": "00:01:26", "end": "00:01:29", "text": "We're honored to have Bob Prechter of"}, {"start": "00:01:28", "end": "00:01:31", "text": "Elliott Wave International. Is it"}, {"start": "00:01:29", "end": "00:01:33", "text": "possible or probable that the stock"}, {"start": "00:01:31", "end": "00:01:35", "text": "market could potentially top this year?"}, {"start": "00:01:33", "end": "00:01:37", "text": "We already know that the banner cycle"}, {"start": "00:01:35", "end": "00:01:39", "text": "forecasts a top by the end of this year"}, {"start": "00:01:37", "end": "00:01:40", "text": "in 2026. But, are there other things"}, {"start": "00:01:39", "end": "00:01:43", "text": "besides the banner cycle which"}, {"start": "00:01:40", "end": "00:01:45", "text": "potentially indicate a likely top in the"}, {"start": "00:01:43", "end": "00:01:47", "text": "stock market if not this year going to"}, {"start": "00:01:45", "end": "00:01:49", "text": "the end of the year in 2027. So, we'll"}, {"start": "00:01:47", "end": "00:01:50", "text": "discuss this with Bob Prechter, who as"}, {"start": "00:01:49", "end": "00:01:52", "text": "I'm sure you know is by far one of the"}, {"start": "00:01:50", "end": "00:01:54", "text": "world's leading experts on Elliott Waves"}, {"start": "00:01:52", "end": "00:01:56", "text": "as well as technical analysis. All"}, {"start": "00:01:54", "end": "00:01:56", "text": "right, guys, join us."}, {"start": "00:01:57", "end": "00:02:00", "text": "Uh Bob, thank you very much indeed for"}, {"start": "00:01:58", "end": "00:02:02", "text": "giving me the opportunity to speak with"}, {"start": "00:02:00", "end": "00:02:04", "text": "you again about the stock market. My"}, {"start": "00:02:02", "end": "00:02:05", "text": "special guest, Bob Prechter. He's the"}, {"start": "00:02:04", "end": "00:02:06", "text": "author of some of the leading works,"}, {"start": "00:02:05", "end": "00:02:08", "text": "some of the best works on technical"}, {"start": "00:02:06", "end": "00:02:10", "text": "analysis. I think one of Bob's most"}, {"start": "00:02:08", "end": "00:02:11", "text": "important works is the socionomic theory"}, {"start": "00:02:10", "end": "00:02:13", "text": "of finance,"}, {"start": "00:02:11", "end": "00:02:15", "text": "which I suggest definitely get that"}, {"start": "00:02:13", "end": "00:02:16", "text": "book, guys, and read it. It will change"}, {"start": "00:02:15", "end": "00:02:18", "text": "the way you think and you see the"}, {"start": "00:02:16", "end": "00:02:20", "text": "markets. Some of you may remember that"}, {"start": "00:02:18", "end": "00:02:21", "text": "last year when the stock market"}, {"start": "00:02:20", "end": "00:02:24", "text": "collapsed, I said the market, the S&P,"}, {"start": "00:02:21", "end": "00:02:26", "text": "could likely rally 7,200,"}, {"start": "00:02:24", "end": "00:02:28", "text": "which it did. And also in September of"}, {"start": "00:02:26", "end": "00:02:31", "text": "last year, I put out a video saying that"}, {"start": "00:02:28", "end": "00:02:33", "text": "the market, the S&P, could go to 7,446."}, {"start": "00:02:31", "end": "00:02:35", "text": "So, this particular wave count has now"}, {"start": "00:02:33", "end": "00:02:37", "text": "gained a much higher probability based"}, {"start": "00:02:35", "end": "00:02:39", "text": "on the data we just looked at. This has"}, {"start": "00:02:37", "end": "00:02:41", "text": "significantly increased the likelihood"}, {"start": "00:02:39", "end": "00:02:43", "text": "that the market could make new highs in"}, {"start": "00:02:41", "end": "00:02:44", "text": "the next several months. Indeed, I"}, {"start": "00:02:43", "end": "00:02:46", "text": "actually plotted here, I've actually"}, {"start": "00:02:44", "end": "00:02:48", "text": "pointed out the levels quite clearly on"}, {"start": "00:02:46", "end": "00:02:50", "text": "this chart. I'm not looking for the"}, {"start": "00:02:48", "end": "00:02:52", "text": "market in the next several months and"}, {"start": "00:02:50", "end": "00:02:55", "text": "likely, potentially by the end of this"}, {"start": "00:02:52", "end": "00:02:57", "text": "year, to move to the first target. So,"}, {"start": "00:02:55", "end": "00:02:59", "text": "we consider this wave five extend much"}, {"start": "00:02:57", "end": "00:03:01", "text": "higher to over the 7,000 level. That's"}, {"start": "00:02:59", "end": "00:03:04", "text": "over the 12-month period,"}, {"start": "00:03:01", "end": "00:03:06", "text": "which could take us eventually 7,278."}, {"start": "00:03:04", "end": "00:03:08", "text": "And I think the third important target"}, {"start": "00:03:06", "end": "00:03:10", "text": "the market actually could reach, the"}, {"start": "00:03:08", "end": "00:03:13", "text": "S&P, in other words, would be this level"}, {"start": "00:03:10", "end": "00:03:15", "text": "that Manuel is showing here at 7,446"}, {"start": "00:03:13", "end": "00:03:17", "text": "by next year, again in the next 6 to 12"}, {"start": "00:03:15", "end": "00:03:19", "text": "months. So, that is the level I'm"}, {"start": "00:03:17", "end": "00:03:20", "text": "looking at right now as an important"}, {"start": "00:03:19", "end": "00:03:23", "text": "price objective and target for the"}, {"start": "00:03:20", "end": "00:03:25", "text": "market. Bob, often one of the criticisms"}, {"start": "00:03:23", "end": "00:03:28", "text": "I get or responses I get on YouTube from"}, {"start": "00:03:25", "end": "00:03:30", "text": "people is that oh, Bob Prechter is too"}, {"start": "00:03:28", "end": "00:03:32", "text": "bearish or is always bearish. Would you"}, {"start": "00:03:30", "end": "00:03:34", "text": "say that's fair or what what what would"}, {"start": "00:03:32", "end": "00:03:35", "text": "your response be to that when people say"}, {"start": "00:03:34", "end": "00:03:37", "text": "this?"}, {"start": "00:03:35", "end": "00:03:39", "text": ">> Uh well, my first response is they're"}, {"start": "00:03:37", "end": "00:03:40", "text": "right. I'm I've been bearish for quite a"}, {"start": "00:03:39", "end": "00:03:42", "text": "long time."}, {"start": "00:03:40", "end": "00:03:46", "text": "Um I got bullish in in the first quarter"}, {"start": "00:03:42", "end": "00:03:48", "text": "of 2016 and stayed that way until 207"}, {"start": "00:03:46", "end": "00:03:50", "text": "late 2017, 2018,"}, {"start": "00:03:48", "end": "00:03:52", "text": "um when we got extremely stretched on"}, {"start": "00:03:50", "end": "00:03:55", "text": "the upside again."}, {"start": "00:03:52", "end": "00:03:57", "text": "Um and then if you if you know your"}, {"start": "00:03:55", "end": "00:04:01", "text": "history of the stock market from January"}, {"start": "00:03:57", "end": "00:04:03", "text": "2018 until March 2020, which is more"}, {"start": "00:04:01", "end": "00:04:06", "text": "than 2 years, it was net it net lost"}, {"start": "00:04:03", "end": "00:04:09", "text": "ground. But part of the problem for me"}, {"start": "00:04:06", "end": "00:04:11", "text": "has been the overpricing, the the"}, {"start": "00:04:09", "end": "00:04:13", "text": "extreme optimism and so forth has"}, {"start": "00:04:11", "end": "00:04:15", "text": "dwarfed everything that we've ever"}, {"start": "00:04:13", "end": "00:04:19", "text": "recorded, not just by a little bit but"}, {"start": "00:04:15", "end": "00:04:21", "text": "by multiples from past peaks like 1929,"}, {"start": "00:04:19", "end": "00:04:23", "text": "1968. they were virtually nothing"}, {"start": "00:04:21", "end": "00:04:25", "text": "compared to what we've been seeing for"}, {"start": "00:04:23", "end": "00:04:27", "text": "the last 15 years. Yeah, I've been too"}, {"start": "00:04:25", "end": "00:04:28", "text": "bearish, but I also think it would it"}, {"start": "00:04:27", "end": "00:04:29", "text": "would have been foolish to be long the"}, {"start": "00:04:28", "end": "00:04:31", "text": "stock market and I still think it's"}, {"start": "00:04:29", "end": "00:04:32", "text": "foolish to be long the stock market. On"}, {"start": "00:04:31", "end": "00:04:34", "text": "the other hand, I've got a history being"}, {"start": "00:04:32", "end": "00:04:36", "text": "very bullish as well."}, {"start": "00:04:34", "end": "00:04:38", "text": "Back in the late '70s and and and"}, {"start": "00:04:36", "end": "00:04:39", "text": "through the '80s,"}, {"start": "00:04:38", "end": "00:04:41", "text": "I was bullish at a time when it looked"}, {"start": "00:04:39", "end": "00:04:43", "text": "like stocks were cheap and everybody was"}, {"start": "00:04:41", "end": "00:04:45", "text": "afraid and they were all in Treasury"}, {"start": "00:04:43", "end": "00:04:46", "text": "bills. No, we don't want to gamble in"}, {"start": "00:04:45", "end": "00:04:48", "text": "the stock market. Well, that's the kind"}, {"start": "00:04:46", "end": "00:04:50", "text": "of opportunity that I like."}, {"start": "00:04:48", "end": "00:04:53", "text": "Uh we haven't seen any decent"}, {"start": "00:04:50", "end": "00:04:55", "text": "opportunities. I also turned bullish at"}, {"start": "00:04:53", "end": "00:04:58", "text": "within I think 9 days of the bottom in"}, {"start": "00:04:55", "end": "00:05:01", "text": "March of of 2009."}, {"start": "00:04:58", "end": "00:05:02", "text": "But I think we were back up like a 50%"}, {"start": "00:05:01", "end": "00:05:04", "text": "retracement and I said, \"Okay, that's"}, {"start": "00:05:02", "end": "00:05:06", "text": "about enough.\" So,"}, {"start": "00:05:04", "end": "00:05:09", "text": "yeah, I've definitely been um too"}, {"start": "00:05:06", "end": "00:05:12", "text": "bearish in in the last number of years"}, {"start": "00:05:09", "end": "00:05:14", "text": "because of the historical overvaluation."}, {"start": "00:05:12", "end": "00:05:16", "text": "What I think's going to happen is that"}, {"start": "00:05:14", "end": "00:05:19", "text": "the bear market is going to"}, {"start": "00:05:16", "end": "00:05:20", "text": "be unprecedented. It's going to have to"}, {"start": "00:05:19", "end": "00:05:25", "text": "undo all"}, {"start": "00:05:20", "end": "00:05:27", "text": "of the overvaluation and mostly undo all"}, {"start": "00:05:25", "end": "00:05:28", "text": "of the debt uh pyramiding that's going"}, {"start": "00:05:27", "end": "00:05:30", "text": "on."}, {"start": "00:05:28", "end": "00:05:33", "text": "And as you know, there's there's a"}, {"start": "00:05:30", "end": "00:05:34", "text": "record margin debt, um but there's there"}, {"start": "00:05:33", "end": "00:05:37", "text": "there's leverage in other ways. You can"}, {"start": "00:05:34", "end": "00:05:39", "text": "buy ETFs that are two and three times"}, {"start": "00:05:37", "end": "00:05:43", "text": "leveraged. Big boys are borrowing money"}, {"start": "00:05:39", "end": "00:05:45", "text": "overnight so they can gamble, you know,"}, {"start": "00:05:43", "end": "00:05:48", "text": "on a penny on the dollar virtually or a"}, {"start": "00:05:45", "end": "00:05:50", "text": "dollar on the penny. So, the amount of"}, {"start": "00:05:48", "end": "00:05:52", "text": "leverage is off the charts. It's going"}, {"start": "00:05:50", "end": "00:05:55", "text": "to be an unbelievable unbelievable event"}, {"start": "00:05:52", "end": "00:05:56", "text": "event when things finally turned out. If"}, {"start": "00:05:55", "end": "00:05:59", "text": "I had it to do over again, would I do"}, {"start": "00:05:56", "end": "00:06:01", "text": "something different? I don't think so"}, {"start": "00:05:59", "end": "00:06:04", "text": "because when you see ridiculous"}, {"start": "00:06:01", "end": "00:06:05", "text": "overvaluations, I mean, if you were"}, {"start": "00:06:04", "end": "00:06:09", "text": "bearish at Bitcoin and when it crossed"}, {"start": "00:06:05", "end": "00:06:11", "text": "50,000, were you a fool? Uh, you missed"}, {"start": "00:06:09", "end": "00:06:14", "text": "uh you missed a doubling more than a"}, {"start": "00:06:11", "end": "00:06:16", "text": "doubling, but at the same time it was"}, {"start": "00:06:14", "end": "00:06:18", "text": "insanely over priced at that time. Well,"}, {"start": "00:06:16", "end": "00:06:19", "text": "now we're back to that level."}, {"start": "00:06:18", "end": "00:06:22", "text": "Uh, I think people are going to look"}, {"start": "00:06:19", "end": "00:06:25", "text": "back at some point later in this year"}, {"start": "00:06:22", "end": "00:06:27", "text": "and say, \"Oh, I guess I I see what they"}, {"start": "00:06:25", "end": "00:06:28", "text": "were talking about.\" Because the"}, {"start": "00:06:27", "end": "00:06:30", "text": "leverage is going to unwind on the"}, {"start": "00:06:28", "end": "00:06:31", "text": "downside far faster than it built up on"}, {"start": "00:06:30", "end": "00:06:32", "text": "the upside."}, {"start": "00:06:31", "end": "00:06:34", "text": "Anyway, we're going to look at some"}, {"start": "00:06:32", "end": "00:06:35", "text": "charts and I'm going to let your people"}, {"start": "00:06:34", "end": "00:06:36", "text": "make up their own mind."}, {"start": "00:06:35", "end": "00:06:38", "text": ">> So, I want to go to our first chart"}, {"start": "00:06:36", "end": "00:06:40", "text": "here, Bob. For those of you not familiar"}, {"start": "00:06:38", "end": "00:06:42", "text": "with this cycle, the Benner cycle, it"}, {"start": "00:06:40", "end": "00:06:45", "text": "was devised by a guy called Samuel"}, {"start": "00:06:42", "end": "00:06:48", "text": "Benner. Samuel Benner in the year 1875,"}, {"start": "00:06:45", "end": "00:06:50", "text": "he devised this cycle and he projected,"}, {"start": "00:06:48", "end": "00:06:52", "text": "essentially based on this cycle, major"}, {"start": "00:06:50", "end": "00:06:54", "text": "tops and bottoms and the minor cycle"}, {"start": "00:06:52", "end": "00:06:55", "text": "tops and bottoms, as you can see there."}, {"start": "00:06:54", "end": "00:06:57", "text": "But, it's something I do pay attention"}, {"start": "00:06:55", "end": "00:06:59", "text": "to, not as a buy signal or a sell"}, {"start": "00:06:57", "end": "00:07:00", "text": "signal, by no means. What I want to"}, {"start": "00:06:59", "end": "00:07:03", "text": "focus on is the fact that the Benner"}, {"start": "00:07:00", "end": "00:07:06", "text": "cycle projected a likely top by the end"}, {"start": "00:07:03", "end": "00:07:08", "text": "of the year 2026. And by the way, for"}, {"start": "00:07:06", "end": "00:07:10", "text": "people are watching, these dates or"}, {"start": "00:07:08", "end": "00:07:13", "text": "years do not mean the beginning of the"}, {"start": "00:07:10", "end": "00:07:16", "text": "years, they mean the end of those years."}, {"start": "00:07:13", "end": "00:07:17", "text": "So, that 2026 means Benner was, as"}, {"start": "00:07:16", "end": "00:07:20", "text": "according to the cycle, potentially"}, {"start": "00:07:17", "end": "00:07:22", "text": "seeing a top by the end of the year"}, {"start": "00:07:20", "end": "00:07:24", "text": "2026, which is interesting because this"}, {"start": "00:07:22", "end": "00:07:26", "text": "actually correlates with your own work,"}, {"start": "00:07:24", "end": "00:07:29", "text": "Bob. You're seeing a potential wave five"}, {"start": "00:07:26", "end": "00:07:31", "text": "top, in other words, the wave five of a"}, {"start": "00:07:29", "end": "00:07:33", "text": "bull market that started not just in"}, {"start": "00:07:31", "end": "00:07:36", "text": "2009, even though we are looking at one,"}, {"start": "00:07:33", "end": "00:07:38", "text": "but also, and this is where I think most"}, {"start": "00:07:36", "end": "00:07:40", "text": "people will probably"}, {"start": "00:07:38", "end": "00:07:44", "text": "find this very shocking because you're"}, {"start": "00:07:40", "end": "00:07:47", "text": "also seeing the end of a multi-decade"}, {"start": "00:07:44", "end": "00:07:49", "text": "bull market that started way back way"}, {"start": "00:07:47", "end": "00:07:51", "text": "back even before the Great Depression"}, {"start": "00:07:49", "end": "00:07:54", "text": "going back to the 19th century the"}, {"start": "00:07:51", "end": "00:07:56", "text": "1800s. So if we go all the way back to"}, {"start": "00:07:54", "end": "00:07:59", "text": "the 1800s the bull market that has been"}, {"start": "00:07:56", "end": "00:08:01", "text": "going on the multi-decade bull market"}, {"start": "00:07:59", "end": "00:08:03", "text": "you're seeing a potential wave five top"}, {"start": "00:08:01", "end": "00:08:05", "text": "occurring perhaps by the end of this"}, {"start": "00:08:03", "end": "00:08:06", "text": "year again going with the banner cycle"}, {"start": "00:08:05", "end": "00:08:08", "text": "and even if not this year perhaps maybe"}, {"start": "00:08:06", "end": "00:08:11", "text": "stretching to 2027. The bottom line is"}, {"start": "00:08:08", "end": "00:08:13", "text": "though that according to the way you're"}, {"start": "00:08:11", "end": "00:08:15", "text": "seeing things Bob we could likely see"}, {"start": "00:08:13", "end": "00:08:17", "text": "some kind of a a top maybe by the end of"}, {"start": "00:08:15", "end": "00:08:18", "text": "this year going to next year 2026 the"}, {"start": "00:08:17", "end": "00:08:20", "text": "wave five"}, {"start": "00:08:18", "end": "00:08:22", "text": "of this bull market as we can see there"}, {"start": "00:08:20", "end": "00:08:25", "text": "the Great Depression and so on and so on"}, {"start": "00:08:22", "end": "00:08:28", "text": "and then a bear market lasting decades"}, {"start": "00:08:25", "end": "00:08:29", "text": "to I mean 2035 2040s again we'll talk"}, {"start": "00:08:28", "end": "00:08:31", "text": "about that."}, {"start": "00:08:29", "end": "00:08:33", "text": "Would I be correct more or less is this"}, {"start": "00:08:31", "end": "00:08:34", "text": "more or less what you're seeing in the"}, {"start": "00:08:33", "end": "00:08:36", "text": "in the stock market?"}, {"start": "00:08:34", "end": "00:08:38", "text": ">> Now this is kind of a casual observation"}, {"start": "00:08:36", "end": "00:08:41", "text": "it's it's not anything you'd want to"}, {"start": "00:08:38", "end": "00:08:43", "text": "etch in stone but I noticed that the 26"}, {"start": "00:08:41", "end": "00:08:46", "text": "year span has been pretty good at"}, {"start": "00:08:43", "end": "00:08:48", "text": "marking turns ever since the depression"}, {"start": "00:08:46", "end": "00:08:50", "text": "of 1896."}, {"start": "00:08:48", "end": "00:08:52", "text": "And what's interesting is that it points"}, {"start": "00:08:50", "end": "00:08:55", "text": "to the same year that your banner chart"}, {"start": "00:08:52", "end": "00:08:56", "text": "points to which is 2026."}, {"start": "00:08:55", "end": "00:08:57", "text": ">> Yes it is."}, {"start": "00:08:56", "end": "00:09:00", "text": ">> And you can see on the bottom left we"}, {"start": "00:08:57", "end": "00:09:01", "text": "had 25 years between the depression"}, {"start": "00:09:00", "end": "00:09:03", "text": "bottom"}, {"start": "00:09:01", "end": "00:09:05", "text": "of 1896"}, {"start": "00:09:03", "end": "00:09:08", "text": "and the deep recession it's like a great"}, {"start": "00:09:05", "end": "00:09:10", "text": "recession of 1921"}, {"start": "00:09:08", "end": "00:09:13", "text": "and there was 27 years"}, {"start": "00:09:10", "end": "00:09:15", "text": "to 1948. This may not look like a big"}, {"start": "00:09:13", "end": "00:09:19", "text": "deal but it's a very big deal because"}, {"start": "00:09:15", "end": "00:09:21", "text": "in terms of the S&P PPI ratio this was"}, {"start": "00:09:19", "end": "00:09:23", "text": "the end of the bear market period from"}, {"start": "00:09:21", "end": "00:09:25", "text": "1929."}, {"start": "00:09:23", "end": "00:09:28", "text": "It's called a triangle under Elliott's"}, {"start": "00:09:25", "end": "00:09:30", "text": "terminology not on this chart but on the"}, {"start": "00:09:28", "end": "00:09:32", "text": "when you adjust it for PPI."}, {"start": "00:09:30", "end": "00:09:33", "text": "So that was a deep low people were"}, {"start": "00:09:32", "end": "00:09:36", "text": "extremely bearish"}, {"start": "00:09:33", "end": "00:09:40", "text": "and then 26 years later was the next"}, {"start": "00:09:36", "end": "00:09:42", "text": "deepest low, 1974. Then 26 years after"}, {"start": "00:09:40", "end": "00:09:45", "text": "that was the 2000 peak."}, {"start": "00:09:42", "end": "00:09:48", "text": "And then have are we switching from"}, {"start": "00:09:45", "end": "00:09:50", "text": "bottom to top? And now from top to top?"}, {"start": "00:09:48", "end": "00:09:51", "text": "I guess we'll find out. But 26 years"}, {"start": "00:09:50", "end": "00:09:53", "text": "from there"}, {"start": "00:09:51", "end": "00:09:54", "text": "gives you 2026. So I thought it's worth"}, {"start": "00:09:53", "end": "00:09:55", "text": "showing."}, {"start": "00:09:54", "end": "00:09:57", "text": ">> Yeah, Bob, that's a really fascinating"}, {"start": "00:09:55", "end": "00:10:01", "text": "interesting chart. Basically, what that"}, {"start": "00:09:57", "end": "00:10:02", "text": "cycle the 26-year cycle is uh pointing"}, {"start": "00:10:01", "end": "00:10:04", "text": "to is"}, {"start": "00:10:02", "end": "00:10:06", "text": "a potential top in the S&P in the stock"}, {"start": "00:10:04", "end": "00:10:09", "text": "market sometime by the end of this year."}, {"start": "00:10:06", "end": "00:10:11", "text": "I mean uh I think you also had another"}, {"start": "00:10:09", "end": "00:10:13", "text": "chart which was interesting."}, {"start": "00:10:11", "end": "00:10:15", "text": ">> Yeah, this is the um"}, {"start": "00:10:13", "end": "00:10:17", "text": "price chart that I wanted to connect to"}, {"start": "00:10:15", "end": "00:10:19", "text": "the 2026 time chart. Here we see the"}, {"start": "00:10:17", "end": "00:10:21", "text": "main waves"}, {"start": "00:10:19", "end": "00:10:22", "text": "uh at least as I'm counting them."}, {"start": "00:10:21", "end": "00:10:24", "text": ">> Mhm."}, {"start": "00:10:22", "end": "00:10:25", "text": ">> It's one way to count them anyway. From"}, {"start": "00:10:24", "end": "00:10:28", "text": "1932."}, {"start": "00:10:25", "end": "00:10:30", "text": "And I noticed long ago that the multiple"}, {"start": "00:10:28", "end": "00:10:35", "text": "from the 1932"}, {"start": "00:10:30", "end": "00:10:36", "text": "low to the 1937 high was 5/3 to the"}, {"start": "00:10:35", "end": "00:10:38", "text": "third power. So you take the low"}, {"start": "00:10:36", "end": "00:10:40", "text": "multiplied by 5/3 to the third power and"}, {"start": "00:10:38", "end": "00:10:42", "text": "you get to the top. Now, why that?"}, {"start": "00:10:40", "end": "00:10:44", "text": "Because it's a Fibonacci ratio. It's"}, {"start": "00:10:42", "end": "00:10:49", "text": "1.618 but expressed in fractions. In"}, {"start": "00:10:44", "end": "00:10:51", "text": "this case, 5/3 which is 1.666 etc. And"}, {"start": "00:10:49", "end": "00:10:54", "text": "then from that low, then the wave three"}, {"start": "00:10:51", "end": "00:10:58", "text": "high was an 8/5 to the fifth power"}, {"start": "00:10:54", "end": "00:11:00", "text": "multiple of the 9292 low in 1942."}, {"start": "00:10:58", "end": "00:11:02", "text": "So I thought, okay, if those are true,"}, {"start": "00:11:00", "end": "00:11:04", "text": "maybe we should be looking for a"}, {"start": "00:11:02", "end": "00:11:07", "text": "multiple for the final high in this"}, {"start": "00:11:04", "end": "00:11:10", "text": "giant wave five. And we just got to an"}, {"start": "00:11:07", "end": "00:11:12", "text": "interesting spot this month, July. And"}, {"start": "00:11:10", "end": "00:11:16", "text": "that's where"}, {"start": "00:11:12", "end": "00:11:18", "text": "um the gain or the rise from the"}, {"start": "00:11:16", "end": "00:11:23", "text": "orthodox end of the bear market"}, {"start": "00:11:18", "end": "00:11:24", "text": "in August 1982 at 776.92"}, {"start": "00:11:23", "end": "00:11:26", "text": "on the Dow"}, {"start": "00:11:24", "end": "00:11:30", "text": "times 8/5 to the ninth power gives you"}, {"start": "00:11:26", "end": "00:11:32", "text": "53,000 and change. And we just stopped"}, {"start": "00:11:30", "end": "00:11:34", "text": "at 53,000 and change or at least we hit"}, {"start": "00:11:32", "end": "00:11:36", "text": "53,000 and change. Whether we topped"}, {"start": "00:11:34", "end": "00:11:39", "text": "there, time will tell. But I think this"}, {"start": "00:11:36", "end": "00:11:41", "text": "is a good spot to be looking for uh the"}, {"start": "00:11:39", "end": "00:11:43", "text": "beginning of a bear market. And I think"}, {"start": "00:11:41", "end": "00:11:46", "text": "there are plenty of I mean, countless"}, {"start": "00:11:43", "end": "00:11:50", "text": "technical reasons to believe that. The"}, {"start": "00:11:46", "end": "00:11:51", "text": "extremities are so great that I'm I'm"}, {"start": "00:11:50", "end": "00:11:53", "text": "taking this one to heart."}, {"start": "00:11:51", "end": "00:11:54", "text": ">> Yes, very interesting. I I like the way"}, {"start": "00:11:53", "end": "00:11:56", "text": "you think there. It's very methodical."}, {"start": "00:11:54", "end": "00:11:59", "text": "And I think the what you're pointing out"}, {"start": "00:11:56", "end": "00:12:02", "text": "there is a potential top on at about on"}, {"start": "00:11:59", "end": "00:12:03", "text": "the Dow 53,389."}, {"start": "00:12:02", "end": "00:12:05", "text": "Is that correct?"}, {"start": "00:12:03", "end": "00:12:07", "text": ">> Yeah, and so far the uh intraday high is"}, {"start": "00:12:05", "end": "00:12:10", "text": "only 100 points below that. The closing"}, {"start": "00:12:07", "end": "00:12:11", "text": "high was 53,055.91."}, {"start": "00:12:10", "end": "00:12:14", "text": "As you can see up there in the upper"}, {"start": "00:12:11", "end": "00:12:17", "text": "right. So, the the previous two actually"}, {"start": "00:12:14", "end": "00:12:19", "text": "had lead waves of 2%. Uh this one is"}, {"start": "00:12:17", "end": "00:12:21", "text": "very close at"}, {"start": "00:12:19", "end": "00:12:23", "text": "0.6%."}, {"start": "00:12:21", "end": "00:12:24", "text": ">> Elliott waves are based on fractals or"}, {"start": "00:12:23", "end": "00:12:25", "text": "fractal geometry, which occurs in"}, {"start": "00:12:24", "end": "00:12:28", "text": "nature."}, {"start": "00:12:25", "end": "00:12:30", "text": "So, you see fractals already out there"}, {"start": "00:12:28", "end": "00:12:33", "text": "in nature like the leaves of a tree,"}, {"start": "00:12:30", "end": "00:12:35", "text": "where you get self-similarity or things"}, {"start": "00:12:33", "end": "00:12:37", "text": "happening similar things happening on"}, {"start": "00:12:35", "end": "00:12:39", "text": "different scales. The leaves of a tree"}, {"start": "00:12:37", "end": "00:12:41", "text": "is a good example, but there are other"}, {"start": "00:12:39", "end": "00:12:43", "text": "examples, too, like the respiratory"}, {"start": "00:12:41", "end": "00:12:45", "text": "system in the body. Uh where you see"}, {"start": "00:12:43", "end": "00:12:46", "text": "self-similarity on multiple different"}, {"start": "00:12:45", "end": "00:12:48", "text": "scales."}, {"start": "00:12:46", "end": "00:12:50", "text": "And that's what essentially what Elliott"}, {"start": "00:12:48", "end": "00:12:52", "text": "waves represent, these fractals where"}, {"start": "00:12:50", "end": "00:12:54", "text": "you got waves within waves within waves."}, {"start": "00:12:52", "end": "00:12:56", "text": "Uh very interesting. Yeah, S&P."}, {"start": "00:12:54", "end": "00:12:58", "text": ">> I think we got a possible trend line"}, {"start": "00:12:56", "end": "00:12:59", "text": "resistance going all the way back to"}, {"start": "00:12:58", "end": "00:13:01", "text": "2024."}, {"start": "00:12:59", "end": "00:13:02", "text": "And interesting, it managed to get"}, {"start": "00:13:01", "end": "00:13:05", "text": "through there in June, May and June a"}, {"start": "00:13:02", "end": "00:13:07", "text": "couple times. But in July, it's bumping"}, {"start": "00:13:05", "end": "00:13:10", "text": "and bumping and bumping. Meanwhile, the"}, {"start": "00:13:07", "end": "00:13:12", "text": "Dow Jones Composite Index uh made a new"}, {"start": "00:13:10", "end": "00:13:14", "text": "all-time high on the 16th of of July,"}, {"start": "00:13:12", "end": "00:13:16", "text": "but the S&P didn't do it, the Nasdaq"}, {"start": "00:13:14", "end": "00:13:17", "text": "didn't do it. And I think they're"}, {"start": "00:13:16", "end": "00:13:19", "text": "breaking down. We'll see."}, {"start": "00:13:17", "end": "00:13:21", "text": ">> My personal view on the stock market and"}, {"start": "00:13:19", "end": "00:13:23", "text": "the S&P is that there are some"}, {"start": "00:13:21", "end": "00:13:25", "text": "indications that the stock market could"}, {"start": "00:13:23", "end": "00:13:26", "text": "potentially push further higher this"}, {"start": "00:13:25", "end": "00:13:28", "text": "year despite the correction. I mean,"}, {"start": "00:13:26", "end": "00:13:30", "text": "there may be a correction in the in the"}, {"start": "00:13:28", "end": "00:13:32", "text": "maybe a pullback of some sort in the"}, {"start": "00:13:30", "end": "00:13:33", "text": "short-term in the next several weeks or"}, {"start": "00:13:32", "end": "00:13:36", "text": "months."}, {"start": "00:13:33", "end": "00:13:39", "text": "Uh but because the NYSE advanced decline"}, {"start": "00:13:36", "end": "00:13:40", "text": "line has not shown any divergences, it's"}, {"start": "00:13:39", "end": "00:13:43", "text": "still going higher. The advanced decline"}, {"start": "00:13:40", "end": "00:13:45", "text": "line made new highs. That's still"}, {"start": "00:13:43", "end": "00:13:47", "text": "keeping me relatively bullish on the"}, {"start": "00:13:45", "end": "00:13:48", "text": "market for the next for the end of the"}, {"start": "00:13:47", "end": "00:13:50", "text": "year."}, {"start": "00:13:48", "end": "00:13:52", "text": "Uh but I'm willing to change my mind if,"}, {"start": "00:13:50", "end": "00:13:54", "text": "for example, the market were to drop"}, {"start": "00:13:52", "end": "00:13:57", "text": "below a key support level. Don't get me"}, {"start": "00:13:54", "end": "00:13:59", "text": "wrong here. I'm I'm page with you about"}, {"start": "00:13:57", "end": "00:14:01", "text": "the long-term outlook for the stock"}, {"start": "00:13:59", "end": "00:14:02", "text": "market, Bob. I I think you're correct."}, {"start": "00:14:01", "end": "00:14:05", "text": "The Banner cycle, as well as your work"}, {"start": "00:14:02", "end": "00:14:07", "text": "as well, both indicate"}, {"start": "00:14:05", "end": "00:14:09", "text": "a likely top coming in the stock market"}, {"start": "00:14:07", "end": "00:14:11", "text": "by the end of this year. Uh perhaps it"}, {"start": "00:14:09", "end": "00:14:14", "text": "might stretch even to 2027. So, that I"}, {"start": "00:14:11", "end": "00:14:15", "text": "think you're correct about. I'm just I"}, {"start": "00:14:14", "end": "00:14:17", "text": "think between now and the end of the"}, {"start": "00:14:15", "end": "00:14:20", "text": "year, December, I still think there is"}, {"start": "00:14:17", "end": "00:14:22", "text": "potential for more upside despite any"}, {"start": "00:14:20", "end": "00:14:24", "text": "short-term corrections and pullbacks."}, {"start": "00:14:22", "end": "00:14:27", "text": "Uh so, I'm not I'm not ruling out the"}, {"start": "00:14:24", "end": "00:14:28", "text": "possibility of new highs"}, {"start": "00:14:27", "end": "00:14:29", "text": "perhaps by the end of the year. What"}, {"start": "00:14:28", "end": "00:14:29", "text": "what do you say about that, Bob? Go"}, {"start": "00:14:29", "end": "00:14:32", "text": "ahead."}, {"start": "00:14:29", "end": "00:14:33", "text": ">> Advanced decline figures, to me, were"}, {"start": "00:14:32", "end": "00:14:35", "text": "the very best indicator in the stock"}, {"start": "00:14:33", "end": "00:14:38", "text": "market through all of my career"}, {"start": "00:14:35", "end": "00:14:39", "text": "until they went to decimal pricing."}, {"start": "00:14:38", "end": "00:14:41", "text": ">> Oh."}, {"start": "00:14:39", "end": "00:14:43", "text": ">> And then all the indicators that I used"}, {"start": "00:14:41", "end": "00:14:46", "text": "that were breath based started to act"}, {"start": "00:14:43", "end": "00:14:47", "text": "differently. Trend is a great example,"}, {"start": "00:14:46", "end": "00:14:49", "text": "the trading index,"}, {"start": "00:14:47", "end": "00:14:51", "text": "which is the AD divided by the upside"}, {"start": "00:14:49", "end": "00:14:51", "text": "downside volume ratio, right?"}, {"start": "00:14:51", "end": "00:14:54", "text": ">> Yeah."}, {"start": "00:14:51", "end": "00:14:56", "text": ">> That was incredibly reliable to tell you"}, {"start": "00:14:54", "end": "00:14:59", "text": "the underlying buying power pressure in"}, {"start": "00:14:56", "end": "00:15:01", "text": "the market on an on an intraday basis,"}, {"start": "00:14:59", "end": "00:15:02", "text": "daily basis, you know, and on a moving"}, {"start": "00:15:01", "end": "00:15:04", "text": "average basis. It was It was a great"}, {"start": "00:15:02", "end": "00:15:07", "text": "indicator. One of the things that helped"}, {"start": "00:15:04", "end": "00:15:10", "text": "me call the top in in early October 1987"}, {"start": "00:15:07", "end": "00:15:12", "text": "was was an overbought trend."}, {"start": "00:15:10", "end": "00:15:14", "text": "Uh ever since they went to decimal"}, {"start": "00:15:12", "end": "00:15:16", "text": "pricing, it it just stopped."}, {"start": "00:15:14", "end": "00:15:18", "text": "I hardly look at it anymore. Sometimes"}, {"start": "00:15:16", "end": "00:15:19", "text": "it goes the opposite of the way it used"}, {"start": "00:15:18", "end": "00:15:21", "text": "to go. The market will be screaming on"}, {"start": "00:15:19", "end": "00:15:24", "text": "the upside and trend will be like 250"}, {"start": "00:15:21", "end": "00:15:25", "text": "instead of 0.25 and vice versa. I'm"}, {"start": "00:15:24", "end": "00:15:27", "text": "like, okay, it just doesn't work"}, {"start": "00:15:25", "end": "00:15:29", "text": "anymore. The other thing is, if the"}, {"start": "00:15:27", "end": "00:15:31", "text": "market is has been parabolic, which I"}, {"start": "00:15:29", "end": "00:15:33", "text": "think is true for many of the individual"}, {"start": "00:15:31", "end": "00:15:34", "text": "stocks and some of the indexes like the"}, {"start": "00:15:33", "end": "00:15:36", "text": "SOX index,"}, {"start": "00:15:34", "end": "00:15:37", "text": "semiconductor index,"}, {"start": "00:15:36", "end": "00:15:40", "text": ">> Yeah, true."}, {"start": "00:15:37", "end": "00:15:43", "text": ">> parabolas just stop."}, {"start": "00:15:40", "end": "00:15:45", "text": "And when they reverse, it's over. So, I"}, {"start": "00:15:43", "end": "00:15:48", "text": "think that that all that mania and"}, {"start": "00:15:45", "end": "00:15:49", "text": "enthusiasm for the various tech stocks"}, {"start": "00:15:48", "end": "00:15:52", "text": "especially, but some other areas as"}, {"start": "00:15:49", "end": "00:15:53", "text": "well, has been pushing the whole mindset"}, {"start": "00:15:52", "end": "00:15:54", "text": "up in a parabolic way."}, {"start": "00:15:53", "end": "00:15:56", "text": ">> Yes."}, {"start": "00:15:54", "end": "00:15:57", "text": ">> And I think it's it's already slowed to"}, {"start": "00:15:56", "end": "00:16:00", "text": "the point where"}, {"start": "00:15:57", "end": "00:16:03", "text": "warning signals are flashing because a"}, {"start": "00:16:00", "end": "00:16:06", "text": "parabola can't slow down."}, {"start": "00:16:03", "end": "00:16:08", "text": "It slows down, it means I'm reversing."}, {"start": "00:16:06", "end": "00:16:09", "text": "And so, we're I think we're somewhere"}, {"start": "00:16:08", "end": "00:16:11", "text": "between the slowdown and the reversal"}, {"start": "00:16:09", "end": "00:16:14", "text": "depending on which index you look at."}, {"start": "00:16:11", "end": "00:16:16", "text": "The day we have serious downside AD"}, {"start": "00:16:14", "end": "00:16:18", "text": "ratio, you know, 9 to 1, 10 to 1 on the"}, {"start": "00:16:16", "end": "00:16:20", "text": "downside, that's going to tell you that"}, {"start": "00:16:18", "end": "00:16:22", "text": "the whole rotation game is over and a"}, {"start": "00:16:20", "end": "00:16:23", "text": "bear market is definitely here. So, keep"}, {"start": "00:16:22", "end": "00:16:25", "text": "an eye out for that."}, {"start": "00:16:23", "end": "00:16:27", "text": "Until then, you're right, it could float"}, {"start": "00:16:25", "end": "00:16:29", "text": "if it wants. I am"}, {"start": "00:16:27", "end": "00:16:31", "text": "I am currently as as bearish as I can"}, {"start": "00:16:29", "end": "00:16:34", "text": "possibly be."}, {"start": "00:16:31", "end": "00:16:36", "text": "I wouldn't want to wait to bet on, you"}, {"start": "00:16:34", "end": "00:16:38", "text": "know, like be long waiting for any new"}, {"start": "00:16:36", "end": "00:16:41", "text": "highs. I wouldn't even cross my mind."}, {"start": "00:16:38", "end": "00:16:43", "text": "So, we'll see. We had similar talk about"}, {"start": "00:16:41", "end": "00:16:45", "text": "Bitcoin back in 2014 and you were right,"}, {"start": "00:16:43", "end": "00:16:46", "text": "it edged up higher for another number of"}, {"start": "00:16:45", "end": "00:16:48", "text": "months. So, we'll see"}, {"start": "00:16:46", "end": "00:16:50", "text": "how this one turns out."}, {"start": "00:16:48", "end": "00:16:52", "text": ">> And just last point to finish, if we"}, {"start": "00:16:50", "end": "00:16:54", "text": "enter a bear market by let's say the end"}, {"start": "00:16:52", "end": "00:16:55", "text": "of this year, that bear market could"}, {"start": "00:16:54", "end": "00:16:57", "text": "potentially be, I think in your view is"}, {"start": "00:16:55", "end": "00:16:59", "text": "it could potentially be as devastating"}, {"start": "00:16:57", "end": "00:17:02", "text": "as the dot-com crash that occurred on"}, {"start": "00:16:59", "end": "00:17:04", "text": "NASDAQ, which is about 80%."}, {"start": "00:17:02", "end": "00:17:07", "text": ">> It'll be way worse than that. We're so"}, {"start": "00:17:04", "end": "00:17:09", "text": "much more overvalued, so much crazier."}, {"start": "00:17:07", "end": "00:17:12", "text": "The amount of investing done by the"}, {"start": "00:17:09", "end": "00:17:13", "text": "public, especially on leverage, is"}, {"start": "00:17:12", "end": "00:17:16", "text": "insane."}, {"start": "00:17:13", "end": "00:17:17", "text": "The number of puts and calls traded is"}, {"start": "00:17:16", "end": "00:17:20", "text": "the highest ever, especially on the call"}, {"start": "00:17:17", "end": "00:17:22", "text": "side. Um we have record foreign buying."}, {"start": "00:17:20", "end": "00:17:24", "text": "They've They've now committed a trillion"}, {"start": "00:17:22", "end": "00:17:26", "text": "dollars in the past year to the stock"}, {"start": "00:17:24", "end": "00:17:27", "text": "market and up their total to 20 trillion"}, {"start": "00:17:26", "end": "00:17:29", "text": "dollars."}, {"start": "00:17:27", "end": "00:17:32", "text": "And the you can track uh foreign buying"}, {"start": "00:17:29", "end": "00:17:34", "text": "going back 50 years and every time the"}, {"start": "00:17:32", "end": "00:17:35", "text": "stock market nears a top, the foreigners"}, {"start": "00:17:34", "end": "00:17:39", "text": "rush in there. And now they're rushing"}, {"start": "00:17:35", "end": "00:17:41", "text": "at at a record rate. Uh every indicator"}, {"start": "00:17:39", "end": "00:17:45", "text": "we have, we could have spent today"}, {"start": "00:17:41", "end": "00:17:46", "text": "showing 50 sentiment indicators and how"}, {"start": "00:17:45", "end": "00:17:51", "text": "extreme they are historically. They're"}, {"start": "00:17:46", "end": "00:17:54", "text": "all just crazily uh overdone. So, when"}, {"start": "00:17:51", "end": "00:17:55", "text": "when the turn happens,"}, {"start": "00:17:54", "end": "00:17:57", "text": "it's it's going to be stunning. It's"}, {"start": "00:17:55", "end": "00:17:58", "text": "going to make the downturn in Bitcoin"}, {"start": "00:17:57", "end": "00:18:00", "text": "look like nothing."}, {"start": "00:17:58", "end": "00:18:01", "text": ">> True. Yeah. I I absolutely"}, {"start": "00:18:00", "end": "00:18:03", "text": ">> my view."}, {"start": "00:18:01", "end": "00:18:04", "text": "Take it or leave it. I've had that view"}, {"start": "00:18:03", "end": "00:18:05", "text": "for a while."}, {"start": "00:18:04", "end": "00:18:07", "text": ">> Yeah. Thanks, Bob. Now, I really"}, {"start": "00:18:05", "end": "00:18:09", "text": "appreciate it. And uh it's always great"}, {"start": "00:18:07", "end": "00:18:10", "text": "to have you on have you in these videos."}, {"start": "00:18:09", "end": "00:18:11", "text": "Guys, go ahead and check out Bob's"}, {"start": "00:18:10", "end": "00:18:12", "text": "phenomenal offer, which he has for you"}, {"start": "00:18:11", "end": "00:18:14", "text": "for the Elliott Wave International"}, {"start": "00:18:12", "end": "00:18:16", "text": "newsletter. You get access to Bob's"}, {"start": "00:18:14", "end": "00:18:17", "text": "Elliott Wave theorist as well as the"}, {"start": "00:18:16", "end": "00:18:20", "text": "short-term forecast and also the"}, {"start": "00:18:17", "end": "00:18:22", "text": "financial forecast all for 1 month for"}, {"start": "00:18:20", "end": "00:18:24", "text": "only $11. The link for the special offer"}, {"start": "00:18:22", "end": "00:18:26", "text": "and discount is right there for you. So,"}, {"start": "00:18:24", "end": "00:18:28", "text": "that's elliottwave.com/alessio."}, {"start": "00:18:26", "end": "00:18:29", "text": "I'll put the link for you guys in the"}, {"start": "00:18:28", "end": "00:18:30", "text": "description. Go ahead and check it out."}, {"start": "00:18:29", "end": "00:18:33", "text": "I think it's a great offer and you can"}, {"start": "00:18:30", "end": "00:18:34", "text": "actually test drive Bob's uh newsletter"}, {"start": "00:18:33", "end": "00:18:36", "text": "and you can try it out. Check it out. I"}, {"start": "00:18:34", "end": "00:18:38", "text": "think you'll really like it. I myself uh"}, {"start": "00:18:36", "end": "00:18:39", "text": "by the way, Bob, I read your newsletter"}, {"start": "00:18:38", "end": "00:18:40", "text": "every month when it comes out, when you"}, {"start": "00:18:39", "end": "00:18:42", "text": "put out the updates. It's phenomenal."}, {"start": "00:18:40", "end": "00:18:43", "text": "It's fantastic. Yeah, guys, go ahead and"}, {"start": "00:18:42", "end": "00:18:44", "text": "check it out. The link again is in the"}, {"start": "00:18:43", "end": "00:18:47", "text": "description. Again, that's"}, {"start": "00:18:44", "end": "00:18:49", "text": "elliottwave.com /alessio. Thanks very"}, {"start": "00:18:47", "end": "00:18:52", "text": "much, Bob. Really appreciate it."}, {"start": "00:18:49", "end": "00:18:52", "text": ">> Yeah, it's been fun."}, {"start": "00:19:01", "end": "00:19:03", "text": ">> [music]"}]

[{"start": "00:00:00", "end": "00:00:06", "text": "If it breaks that level, then we have to"}, {"start": "00:00:02", "end": "00:00:09", "text": "reconsider the possibility that gold did"}, {"start": "00:00:06", "end": "00:00:10", "text": "make a major major grand super cycle top"}, {"start": "00:00:09", "end": "00:00:12", "text": "price."}, {"start": "00:00:10", "end": "00:00:14", "text": ">> So, you're saying that if indeed we are"}, {"start": "00:00:12", "end": "00:00:16", "text": "in some kind of a correction, which"}, {"start": "00:00:14", "end": "00:00:19", "text": "obviously we are uh and likely bare"}, {"start": "00:00:16", "end": "00:00:19", "text": "markets, it could potentially go as low"}, {"start": "00:00:19", "end": "00:00:22", "text": "as the"}, {"start": "00:00:19", "end": "00:00:23", "text": ">> it's probably a kind of a magnet. I"}, {"start": "00:00:22", "end": "00:00:25", "text": "think"}, {"start": "00:00:23", "end": "00:00:27", "text": ">> I think even gold bulls will be pleased"}, {"start": "00:00:25", "end": "00:00:30", "text": "by this news. when they stop talking"}, {"start": "00:00:27", "end": "00:00:31", "text": "about gold again, it'll be a buy. And at"}, {"start": "00:00:30", "end": "00:00:33", "text": "that time, we'll know because people"}, {"start": "00:00:31", "end": "00:00:34", "text": "won't be talking about gold very much"}, {"start": "00:00:33", "end": "00:00:36", "text": "and they'll be kind of talking about"}, {"start": "00:00:34", "end": "00:00:38", "text": "everything else but that. More likely,"}, {"start": "00:00:36", "end": "00:00:40", "text": "it's going to take a few years."}, {"start": "00:00:38", "end": "00:00:43", "text": ">> People assume there has to be some"}, {"start": "00:00:40", "end": "00:00:46", "text": "rational causal mechanistic explanation."}, {"start": "00:00:43", "end": "00:00:48", "text": ">> People who look at things like that are"}, {"start": "00:00:46", "end": "00:00:49", "text": "wasting so much mental energy."}, {"start": "00:00:48", "end": "00:00:50", "text": ">> All right, guys. Hello and welcome."}, {"start": "00:00:49", "end": "00:00:52", "text": "We're honored to have our special guest,"}, {"start": "00:00:50", "end": "00:00:54", "text": "Bob Prector of Eliwave International."}, {"start": "00:00:52", "end": "00:00:57", "text": "Bob and I are going to talk about gold."}, {"start": "00:00:54", "end": "00:00:59", "text": "So, what is the metal up to? And could"}, {"start": "00:00:57", "end": "00:01:00", "text": "it be that this bare market could last"}, {"start": "00:00:59", "end": "00:01:03", "text": "some more months, maybe for the rest of"}, {"start": "00:01:00", "end": "00:01:05", "text": "the year? Or could it be that gold"}, {"start": "00:01:03", "end": "00:01:06", "text": "potentially maybe about to bottom this"}, {"start": "00:01:05", "end": "00:01:09", "text": "year? Which one is it? All right, guys."}, {"start": "00:01:06", "end": "00:01:11", "text": "Join me. I'm Bob."}, {"start": "00:01:09", "end": "00:01:13", "text": "We're honored to have our special guest"}, {"start": "00:01:11", "end": "00:01:15", "text": "analyst Bob Prector. And Bob is by far,"}, {"start": "00:01:13", "end": "00:01:17", "text": "in my view, one of the leading experts"}, {"start": "00:01:15", "end": "00:01:18", "text": "on technical analysis as well as Elliot"}, {"start": "00:01:17", "end": "00:01:20", "text": "wave theory. He is the author of some of"}, {"start": "00:01:18", "end": "00:01:21", "text": "the most important works on finance and"}, {"start": "00:01:20", "end": "00:01:23", "text": "technical analysis."}, {"start": "00:01:21", "end": "00:01:24", "text": ">> I thought, you know, I appreciate the"}, {"start": "00:01:23", "end": "00:01:26", "text": "opportunity. This is not the kind of"}, {"start": "00:01:24", "end": "00:01:28", "text": "thing you can do on on a television"}, {"start": "00:01:26", "end": "00:01:29", "text": "interview or something like that. They"}, {"start": "00:01:28", "end": "00:01:31", "text": "just don't even know what you're talking"}, {"start": "00:01:29", "end": "00:01:32", "text": "about. So, it it's great to talk with an"}, {"start": "00:01:31", "end": "00:01:33", "text": "expert in this area."}, {"start": "00:01:32", "end": "00:01:35", "text": ">> Oh, that's very kind. Thanks very much"}, {"start": "00:01:33", "end": "00:01:36", "text": "indeed. I appreciate it. Bob, uh, I"}, {"start": "00:01:35", "end": "00:01:37", "text": "understand you want to share some charts"}, {"start": "00:01:36", "end": "00:01:39", "text": "with us."}, {"start": "00:01:37", "end": "00:01:39", "text": ">> I've been following gold for many many"}, {"start": "00:01:39", "end": "00:01:41", "text": "years."}, {"start": "00:01:39", "end": "00:01:43", "text": ">> By the way, before we go on to those"}, {"start": "00:01:41", "end": "00:01:44", "text": "charts, just want to quickly mention for"}, {"start": "00:01:43", "end": "00:01:46", "text": "those who've been following my videos"}, {"start": "00:01:44", "end": "00:01:49", "text": "when gold was parabolic and going to"}, {"start": "00:01:46", "end": "00:01:51", "text": "like 5,000 4,000 5,000, you know, as"}, {"start": "00:01:49", "end": "00:01:52", "text": "warning that gold has become extremely"}, {"start": "00:01:51", "end": "00:01:54", "text": "overstretched. Uh we mentioned at the"}, {"start": "00:01:52", "end": "00:01:56", "text": "time there were several warnings of a"}, {"start": "00:01:54", "end": "00:01:58", "text": "potential topping pattern and maybe even"}, {"start": "00:01:56", "end": "00:02:00", "text": "a significant drop usually when price"}, {"start": "00:01:58", "end": "00:02:02", "text": "extends beyond a certain percentage"}, {"start": "00:02:00", "end": "00:02:04", "text": "beyond this 200 daily moving average"}, {"start": "00:02:02", "end": "00:02:06", "text": "that typically indicates extreme"}, {"start": "00:02:04", "end": "00:02:08", "text": "overstretch and overbought conditions"}, {"start": "00:02:06", "end": "00:02:10", "text": "which usually precedes a major"}, {"start": "00:02:08", "end": "00:02:13", "text": "retracement and correction. I think that"}, {"start": "00:02:10", "end": "00:02:14", "text": "the parabolic stage of gold has ended"}, {"start": "00:02:13", "end": "00:02:17", "text": "and that we're potentially going through"}, {"start": "00:02:14", "end": "00:02:18", "text": "a consolidation and pullback phase, a"}, {"start": "00:02:17", "end": "00:02:21", "text": "corrective phase likely towards the"}, {"start": "00:02:18", "end": "00:02:22", "text": "average here uh towards 4,000. And by"}, {"start": "00:02:21", "end": "00:02:24", "text": "breaking the support here, that would"}, {"start": "00:02:22", "end": "00:02:28", "text": "increase downside risk for a potential"}, {"start": "00:02:24", "end": "00:02:30", "text": "C-wave decline into this region here."}, {"start": "00:02:28", "end": "00:02:32", "text": "But it's also probable the C-wave could"}, {"start": "00:02:30", "end": "00:02:34", "text": "extend into the 200 simple moving"}, {"start": "00:02:32", "end": "00:02:35", "text": "average here, that green line that we"}, {"start": "00:02:34", "end": "00:02:37", "text": "see we have there on the chart. So the"}, {"start": "00:02:35", "end": "00:02:39", "text": "green line is approximately 4,000"}, {"start": "00:02:37", "end": "00:02:41", "text": "overbought conditions with the RSI as we"}, {"start": "00:02:39", "end": "00:02:43", "text": "can see here with acceleration extremes"}, {"start": "00:02:41", "end": "00:02:45", "text": "again the red acceleration extremes"}, {"start": "00:02:43", "end": "00:02:47", "text": "which typically indicate extremely"}, {"start": "00:02:45", "end": "00:02:49", "text": "overbought overstretch conditions and"}, {"start": "00:02:47", "end": "00:02:51", "text": "now with the breakdown of support the"}, {"start": "00:02:49", "end": "00:02:53", "text": "likely C-wave decline into the support"}, {"start": "00:02:51", "end": "00:02:56", "text": "region which could take us into the"}, {"start": "00:02:53", "end": "00:02:58", "text": "region between 4,219 to 4,000. And it's"}, {"start": "00:02:56", "end": "00:03:00", "text": "amazing to me afterwards when gold"}, {"start": "00:02:58", "end": "00:03:01", "text": "dropped people were saying well there"}, {"start": "00:03:00", "end": "00:03:02", "text": "was no warning. No there was plenty of"}, {"start": "00:03:01", "end": "00:03:04", "text": "warnings out there."}, {"start": "00:03:02", "end": "00:03:07", "text": ">> Yeah. So, this is not going to discuss"}, {"start": "00:03:04", "end": "00:03:08", "text": "wave counts per se, but I think it's an"}, {"start": "00:03:07", "end": "00:03:11", "text": "interesting chart and you won't find it"}, {"start": "00:03:08", "end": "00:03:14", "text": "anywhere else. I'm quite sure of that."}, {"start": "00:03:11", "end": "00:03:16", "text": "Um, gold has a fascinating history. You"}, {"start": "00:03:14", "end": "00:03:18", "text": "know, gold was the money of the United"}, {"start": "00:03:16", "end": "00:03:20", "text": "States. It wasn't that dollars were"}, {"start": "00:03:18", "end": "00:03:21", "text": "worth so much gold. Dollars were defined"}, {"start": "00:03:20", "end": "00:03:23", "text": "as a certain number of grains of gold."}, {"start": "00:03:21", "end": "00:03:23", "text": "That's what a dollar was."}, {"start": "00:03:23", "end": "00:03:26", "text": ">> Yeah."}, {"start": "00:03:23", "end": "00:03:29", "text": ">> And it was equivalent to $20.67 an ounce"}, {"start": "00:03:26", "end": "00:03:31", "text": "for virtually a century. And then after"}, {"start": "00:03:29", "end": "00:03:33", "text": "the Fed was created and they started to"}, {"start": "00:03:31", "end": "00:03:36", "text": "inflate the money supply, of course back"}, {"start": "00:03:33", "end": "00:03:37", "text": "in 1934, I think it was January 34 when"}, {"start": "00:03:36", "end": "00:03:38", "text": "President Roosevelt said, \"Well, we got"}, {"start": "00:03:37", "end": "00:03:41", "text": "to raise the price.\" And he just pulled"}, {"start": "00:03:38", "end": "00:03:45", "text": "a number out of the air, which is $35."}, {"start": "00:03:41", "end": "00:03:47", "text": "And that stayed in place until um the"}, {"start": "00:03:45", "end": "00:03:49", "text": "early 70s, which is a long period of"}, {"start": "00:03:47", "end": "00:03:51", "text": "time. And I started to notice that the"}, {"start": "00:03:49", "end": "00:03:54", "text": "as soon as gold took off and was no"}, {"start": "00:03:51", "end": "00:03:56", "text": "longer anchored by law or by anything"}, {"start": "00:03:54", "end": "00:04:01", "text": "else that the turning points seem to"}, {"start": "00:03:56", "end": "00:04:02", "text": "occur at multiples of that $35 price."}, {"start": "00:04:01", "end": "00:04:05", "text": "And the multiples are Fibonacci"}, {"start": "00:04:02", "end": "00:04:07", "text": "multiples. Now for people who don't know"}, {"start": "00:04:05", "end": "00:04:09", "text": "the Fibonacci sequence, it's a"}, {"start": "00:04:07", "end": "00:04:11", "text": "self-generating additive sequence. It"}, {"start": "00:04:09", "end": "00:04:13", "text": "starts with the number one. You add a 1"}, {"start": "00:04:11", "end": "00:04:16", "text": "to it, you get a two, and then 2 + 1 is"}, {"start": "00:04:13", "end": "00:04:21", "text": "three. And 3+ 2 is 5. Then you get 8 13"}, {"start": "00:04:16", "end": "00:04:24", "text": "21 34 55 89 144 and so on. And it turns"}, {"start": "00:04:21", "end": "00:04:26", "text": "out that these multiples seem to be"}, {"start": "00:04:24", "end": "00:04:28", "text": "marking the turns, you know, roughly"}, {"start": "00:04:26", "end": "00:04:30", "text": "speaking pretty well. So we've got the"}, {"start": "00:04:28", "end": "00:04:33", "text": "first one, which is a five times"}, {"start": "00:04:30", "end": "00:04:35", "text": "multiple at $175,"}, {"start": "00:04:33", "end": "00:04:38", "text": "and that was the orthodox top back here"}, {"start": "00:04:35", "end": "00:04:41", "text": "in 1973 or four. uh it went slightly"}, {"start": "00:04:38", "end": "00:04:44", "text": "higher um just before it was um"}, {"start": "00:04:41", "end": "00:04:46", "text": "legalized in the United States under"}, {"start": "00:04:44", "end": "00:04:48", "text": "under Ford. Um that was a B-wave though."}, {"start": "00:04:46", "end": "00:04:50", "text": "That's an ABC correction. So the"}, {"start": "00:04:48", "end": "00:04:54", "text": "orthodox top was virtually exactly five"}, {"start": "00:04:50", "end": "00:04:57", "text": "times $35. So then the next uh level"}, {"start": "00:04:54", "end": "00:04:59", "text": "would have been 21 times. That's the one"}, {"start": "00:04:57", "end": "00:05:01", "text": "that looked like it made a turn. Now it"}, {"start": "00:04:59", "end": "00:05:04", "text": "spiked through that level by quite a bit"}, {"start": "00:05:01", "end": "00:05:07", "text": "over $100. But then if you recall in"}, {"start": "00:05:04", "end": "00:05:11", "text": "September of 1980 uh after the initial"}, {"start": "00:05:07", "end": "00:05:14", "text": "drop it rose and that's when gold stocks"}, {"start": "00:05:11", "end": "00:05:16", "text": "topped out. Uh it topped at 720 and you"}, {"start": "00:05:14", "end": "00:05:19", "text": "can see that's almost the same as 735."}, {"start": "00:05:16", "end": "00:05:21", "text": "So that 21x I think was very important."}, {"start": "00:05:19", "end": "00:05:25", "text": "The next multiple which worked out was"}, {"start": "00:05:21", "end": "00:05:28", "text": "55 and that was virtually perfect. $35"}, {"start": "00:05:25", "end": "00:05:31", "text": "time 55 is 1925 and the high was 1921."}, {"start": "00:05:28", "end": "00:05:34", "text": "Beautiful. That was back in 2011. Okay."}, {"start": "00:05:31", "end": "00:05:37", "text": "And the next one was 144, which would"}, {"start": "00:05:34", "end": "00:05:39", "text": "take you above 5,000. And this one went"}, {"start": "00:05:37", "end": "00:05:41", "text": "through by a good 10%."}, {"start": "00:05:39", "end": "00:05:43", "text": ">> But as you pointed out just a minute"}, {"start": "00:05:41", "end": "00:05:45", "text": "ago, it was an emotional spike. And"}, {"start": "00:05:43", "end": "00:05:47", "text": "right at the top, people shoved it up"}, {"start": "00:05:45", "end": "00:05:48", "text": "for a couple of extra days and it went"}, {"start": "00:05:47", "end": "00:05:49", "text": "through the number, but it fell back"}, {"start": "00:05:48", "end": "00:05:51", "text": "there"}, {"start": "00:05:49", "end": "00:05:53", "text": ">> through there very quickly. Now, I've"}, {"start": "00:05:51", "end": "00:05:54", "text": "left on the chart the next ones just to"}, {"start": "00:05:53", "end": "00:05:57", "text": "give you some perspective. If it if it"}, {"start": "00:05:54", "end": "00:05:59", "text": "takes out, you know, the recent high at"}, {"start": "00:05:57", "end": "00:06:02", "text": "5600, it's likely to go to one of these"}, {"start": "00:05:59", "end": "00:06:05", "text": "levels. However, let's look at the"}, {"start": "00:06:02", "end": "00:06:07", "text": "current, you know, setback. You've got"}, {"start": "00:06:05", "end": "00:06:08", "text": "three times, which is a Fibonacci"}, {"start": "00:06:07", "end": "00:06:12", "text": "number. Three times $35 gives you the"}, {"start": "00:06:08", "end": "00:06:14", "text": "low here, 1976."}, {"start": "00:06:12", "end": "00:06:16", "text": "And then the eight times is a pretty"}, {"start": "00:06:14", "end": "00:06:20", "text": "good estimate of the two lows we had"}, {"start": "00:06:16", "end": "00:06:23", "text": "here. Um, a 34 times multiple wasn't the"}, {"start": "00:06:20", "end": "00:06:24", "text": "exact low because that was a thou $100"}, {"start": "00:06:23", "end": "00:06:26", "text": "below,"}, {"start": "00:06:24", "end": "00:06:28", "text": ">> but it was this little bump. And that"}, {"start": "00:06:26", "end": "00:06:30", "text": "happens to be exactly where, you know,"}, {"start": "00:06:28", "end": "00:06:32", "text": "gold started going up and people thought"}, {"start": "00:06:30", "end": "00:06:34", "text": "it was a triple top. Right in here is"}, {"start": "00:06:32", "end": "00:06:36", "text": "when we got very, very bullish on it. It"}, {"start": "00:06:34", "end": "00:06:39", "text": "was around 1,820. We said, \"This is a"}, {"start": "00:06:36", "end": "00:06:41", "text": "one two. It's going to take off.\" And um"}, {"start": "00:06:39", "end": "00:06:43", "text": "it did. And we've had a beautiful run"}, {"start": "00:06:41", "end": "00:06:45", "text": "up. When it hit about 4,400, we said,"}, {"start": "00:06:43", "end": "00:06:46", "text": "\"Look, this looks stretched. It's it's"}, {"start": "00:06:45", "end": "00:06:47", "text": "getting out of hand.\""}, {"start": "00:06:46", "end": "00:06:48", "text": ">> Yeah."}, {"start": "00:06:47", "end": "00:06:52", "text": ">> Little did we know it was going to tack"}, {"start": "00:06:48", "end": "00:06:56", "text": "on another uh thousand dollar. But"}, {"start": "00:06:52", "end": "00:06:59", "text": "today, it's even below there. So the 89"}, {"start": "00:06:56", "end": "00:07:02", "text": "is the only multiple in this group that"}, {"start": "00:06:59", "end": "00:07:04", "text": "we haven't seen a turn. So I think look,"}, {"start": "00:07:02", "end": "00:07:07", "text": "nobody knows where gold is going, but I"}, {"start": "00:07:04", "end": "00:07:09", "text": "think it's a pretty good estimate. If a"}, {"start": "00:07:07", "end": "00:07:11", "text": "long-term bull market is still in force,"}, {"start": "00:07:09", "end": "00:07:15", "text": "we're pretty confident that somewhere"}, {"start": "00:07:11", "end": "00:07:17", "text": "just above $3,000 an ounce, this bear"}, {"start": "00:07:15", "end": "00:07:19", "text": "should be over. And it's already dipped"}, {"start": "00:07:17", "end": "00:07:21", "text": "slightly below 4,000. Um, people have"}, {"start": "00:07:19", "end": "00:07:23", "text": "finally started to become a little bit"}, {"start": "00:07:21", "end": "00:07:26", "text": "more bearish. you know, right off the"}, {"start": "00:07:23", "end": "00:07:28", "text": "top, people were were uh buying gold and"}, {"start": "00:07:26", "end": "00:07:30", "text": "silver especially, and of course,"}, {"start": "00:07:28", "end": "00:07:32", "text": "silver, they've been killed buying the"}, {"start": "00:07:30", "end": "00:07:34", "text": "dip there. But now they're starting, you"}, {"start": "00:07:32", "end": "00:07:35", "text": "can see a little change in behavior and"}, {"start": "00:07:34", "end": "00:07:38", "text": "people are starting to"}, {"start": "00:07:35", "end": "00:07:40", "text": ">> start buying less. So, the process is"}, {"start": "00:07:38", "end": "00:07:42", "text": "working just as it should. We're in a"}, {"start": "00:07:40", "end": "00:07:44", "text": "corrective period. We said, look, this"}, {"start": "00:07:42", "end": "00:07:45", "text": "could last a couple years. We don't"}, {"start": "00:07:44", "end": "00:07:49", "text": "know. It's either going to be time or"}, {"start": "00:07:45", "end": "00:07:51", "text": "price that wears people out. Um, but if"}, {"start": "00:07:49", "end": "00:07:52", "text": "gold's still in a long-term bull market,"}, {"start": "00:07:51", "end": "00:07:56", "text": "somewhere just above 3,000 ought to be"}, {"start": "00:07:52", "end": "00:07:59", "text": "the low. If it breaks that level, then"}, {"start": "00:07:56", "end": "00:08:02", "text": "we have to reconsider the possibility"}, {"start": "00:07:59", "end": "00:08:06", "text": "that gold did make a major major grand"}, {"start": "00:08:02", "end": "00:08:08", "text": "super cycle top price. Personally, I"}, {"start": "00:08:06", "end": "00:08:10", "text": "think it's going to correct and then"}, {"start": "00:08:08", "end": "00:08:11", "text": "turn around and start going to new"}, {"start": "00:08:10", "end": "00:08:14", "text": "all-time highs. But if it goes under"}, {"start": "00:08:11", "end": "00:08:16", "text": "3,000, that I will yank that. So notice"}, {"start": "00:08:14", "end": "00:08:19", "text": "that risk is very low. So you're waiting"}, {"start": "00:08:16", "end": "00:08:23", "text": "for let's say 3,300 or 3200 or something"}, {"start": "00:08:19", "end": "00:08:25", "text": "to start adding. If it goes to 20 29 28"}, {"start": "00:08:23", "end": "00:08:27", "text": "it's like okay I'm wrong. So these are"}, {"start": "00:08:25", "end": "00:08:29", "text": "very helpful levels."}, {"start": "00:08:27", "end": "00:08:31", "text": ">> No absolutely I love the way you think"}, {"start": "00:08:29", "end": "00:08:34", "text": "Bob because everything is so structured"}, {"start": "00:08:31", "end": "00:08:36", "text": "and so methodical and there's a logic"}, {"start": "00:08:34", "end": "00:08:38", "text": "and that there's a rationale be behind"}, {"start": "00:08:36", "end": "00:08:40", "text": "what you're saying here which I I love"}, {"start": "00:08:38", "end": "00:08:42", "text": "and obviously I'm a great follower of"}, {"start": "00:08:40", "end": "00:08:43", "text": "Fibonacci. I use Fibonacci myself. So"}, {"start": "00:08:42", "end": "00:08:46", "text": "that's interesting. So what you're"}, {"start": "00:08:43", "end": "00:08:48", "text": "saying you're using a multiple Fibonacci"}, {"start": "00:08:46", "end": "00:08:50", "text": "multiples uh as by the way I actually"}, {"start": "00:08:48", "end": "00:08:51", "text": "seen this chart before I mentioned this"}, {"start": "00:08:50", "end": "00:08:54", "text": "to in one of my videos and I gave you"}, {"start": "00:08:51", "end": "00:08:56", "text": "credit by the way uh and I said hey Bob"}, {"start": "00:08:54", "end": "00:08:59", "text": "is mentioning that there could well be"}, {"start": "00:08:56", "end": "00:09:01", "text": "uh a drop here and I mentioned the"}, {"start": "00:08:59", "end": "00:09:02", "text": "targets by the way as well but but just"}, {"start": "00:09:01", "end": "00:09:04", "text": "let's go through that. So, you're saying"}, {"start": "00:09:02", "end": "00:09:06", "text": "that if indeed we are in some kind of a"}, {"start": "00:09:04", "end": "00:09:08", "text": "correction, which obviously we are, uh,"}, {"start": "00:09:06", "end": "00:09:10", "text": "and likely bare market or downtrend,"}, {"start": "00:09:08", "end": "00:09:13", "text": "whatever you want to call it, it could"}, {"start": "00:09:10", "end": "00:09:15", "text": "potentially go as low as the 89 multiple"}, {"start": "00:09:13", "end": "00:09:17", "text": "you have on your chart on the right hand"}, {"start": "00:09:15", "end": "00:09:21", "text": "side. And the price level seem to be"}, {"start": "00:09:17", "end": "00:09:23", "text": "seems to be at $3,115"}, {"start": "00:09:21", "end": "00:09:24", "text": "uh, on gold. and and but notice from the"}, {"start": "00:09:23", "end": "00:09:27", "text": "previous levels we talked about"}, {"start": "00:09:24", "end": "00:09:28", "text": "sometimes it'll go uh short or or go"}, {"start": "00:09:27", "end": "00:09:31", "text": "through"}, {"start": "00:09:28", "end": "00:09:33", "text": ">> um and briefly you know in some sort of"}, {"start": "00:09:31", "end": "00:09:36", "text": "panic or you know buying panic or"}, {"start": "00:09:33", "end": "00:09:39", "text": "selling panic so it it's a guide it's"}, {"start": "00:09:36", "end": "00:09:41", "text": "probably a kind of a magnet I think"}, {"start": "00:09:39", "end": "00:09:43", "text": ">> I think even gold bulls will be pleased"}, {"start": "00:09:41", "end": "00:09:45", "text": "by this news if if indeed this is what"}, {"start": "00:09:43", "end": "00:09:47", "text": "happens because I know that many gold"}, {"start": "00:09:45", "end": "00:09:50", "text": "bulls would like to have another"}, {"start": "00:09:47", "end": "00:09:51", "text": "opportunity at cheaper prices for gold"}, {"start": "00:09:50", "end": "00:09:53", "text": "so I don't think they'll be disappointed"}, {"start": "00:09:51", "end": "00:09:56", "text": "ointed by this news and interesting to"}, {"start": "00:09:53", "end": "00:09:59", "text": "mention that as gold was rallying above"}, {"start": "00:09:56", "end": "00:10:02", "text": "that level above the 144 multiple as it"}, {"start": "00:09:59", "end": "00:10:06", "text": "was going to 5,500 5,600 you know again"}, {"start": "00:10:02", "end": "00:10:08", "text": "you hear the regular pundits on TV"}, {"start": "00:10:06", "end": "00:10:11", "text": "saying oh gold is now going to like 20k"}, {"start": "00:10:08", "end": "00:10:13", "text": "and 50k and usually when that happens"}, {"start": "00:10:11", "end": "00:10:14", "text": "you see that those major turning points"}, {"start": "00:10:13", "end": "00:10:16", "text": "u"}, {"start": "00:10:14", "end": "00:10:20", "text": ">> yeah when back back when it was at 1,044"}, {"start": "00:10:16", "end": "00:10:21", "text": "in December 2015 or 1174 a few months"}, {"start": "00:10:20", "end": "00:10:24", "text": "later they weren't talking about it at"}, {"start": "00:10:21", "end": "00:10:25", "text": "all. They were talking about whatever"}, {"start": "00:10:24", "end": "00:10:27", "text": "market was overpriced and and telling"}, {"start": "00:10:25", "end": "00:10:28", "text": "you why you should buy more. So, it's"}, {"start": "00:10:27", "end": "00:10:31", "text": "classic. And when they stop talking"}, {"start": "00:10:28", "end": "00:10:33", "text": "about gold again, it'll be a buy."}, {"start": "00:10:31", "end": "00:10:35", "text": ">> And by the way, I should also add that"}, {"start": "00:10:33", "end": "00:10:37", "text": "for people who are watching this video,"}, {"start": "00:10:35", "end": "00:10:38", "text": "uh Bob Rector in his newsletter"}, {"start": "00:10:37", "end": "00:10:41", "text": "certainly for the last few years have"}, {"start": "00:10:38", "end": "00:10:42", "text": "been has been absolutely correct on his"}, {"start": "00:10:41", "end": "00:10:45", "text": "I think am I correct you were bullish on"}, {"start": "00:10:42", "end": "00:10:47", "text": "gold throughout the bull market uh on"}, {"start": "00:10:45", "end": "00:10:49", "text": "the metal. Um, we turned very"}, {"start": "00:10:47", "end": "00:10:52", "text": "emphatically bullish the most recently"}, {"start": "00:10:49", "end": "00:10:55", "text": "at $1,820 an ounce."}, {"start": "00:10:52", "end": "00:10:57", "text": ">> Um, and we stuck with it all the way and"}, {"start": "00:10:55", "end": "00:10:58", "text": "we we had most of the wiggles as well."}, {"start": "00:10:57", "end": "00:11:01", "text": "Uh, Steve Hosburg gets the credit for"}, {"start": "00:10:58", "end": "00:11:04", "text": "that, not myself. Um, he he runs our"}, {"start": "00:11:01", "end": "00:11:05", "text": "short-term update and he's also the"}, {"start": "00:11:04", "end": "00:11:07", "text": "co-editor of our LA wave financial"}, {"start": "00:11:05", "end": "00:11:08", "text": "forecast, which is a monthly that"}, {"start": "00:11:07", "end": "00:11:10", "text": "leaprogs the late wave theory. So,"}, {"start": "00:11:08", "end": "00:11:14", "text": "something comes out every two weeks. And"}, {"start": "00:11:10", "end": "00:11:16", "text": "he was on top of every minute move in"}, {"start": "00:11:14", "end": "00:11:17", "text": "gold. And lately he says, \"Look, people"}, {"start": "00:11:16", "end": "00:11:19", "text": "are getting a little bit bearish. It's"}, {"start": "00:11:17", "end": "00:11:21", "text": "the correction slowing down.\" So he's"}, {"start": "00:11:19", "end": "00:11:24", "text": "looking for a bounce as part of the"}, {"start": "00:11:21", "end": "00:11:26", "text": "corrective process, a rally in here. I"}, {"start": "00:11:24", "end": "00:11:28", "text": "don't care how the correction shapes"}, {"start": "00:11:26", "end": "00:11:31", "text": "out, but but when it gets near the end,"}, {"start": "00:11:28", "end": "00:11:34", "text": "we're going to either see a clear ABC or"}, {"start": "00:11:31", "end": "00:11:37", "text": "a clear wxy, double zigzag, or a clear"}, {"start": "00:11:34", "end": "00:11:38", "text": "triangle or something. And at that time,"}, {"start": "00:11:37", "end": "00:11:40", "text": "we'll know because people won't be"}, {"start": "00:11:38", "end": "00:11:41", "text": "talking about gold very much, and"}, {"start": "00:11:40", "end": "00:11:44", "text": "they'll be kind of talking about"}, {"start": "00:11:41", "end": "00:11:46", "text": "everything else but that. Uh so anyway,"}, {"start": "00:11:44", "end": "00:11:48", "text": "yeah, corrections as you know are"}, {"start": "00:11:46", "end": "00:11:51", "text": "tricky. I mean look at look here from"}, {"start": "00:11:48", "end": "00:11:52", "text": "850 to 253"}, {"start": "00:11:51", "end": "00:11:54", "text": "that whole 20-y year period. I mean"}, {"start": "00:11:52", "end": "00:11:56", "text": "there's rallies and every oh bull market"}, {"start": "00:11:54", "end": "00:11:59", "text": "started. No it hasn't. Yes it has. No it"}, {"start": "00:11:56", "end": "00:12:00", "text": "hasn't. So we're in that kind of"}, {"start": "00:11:59", "end": "00:12:02", "text": "environment where you're going to get"}, {"start": "00:12:00", "end": "00:12:04", "text": "sharp counter trend rallies as well. I"}, {"start": "00:12:02", "end": "00:12:06", "text": "mean, I'm glad you brought this up, uh,"}, {"start": "00:12:04", "end": "00:12:08", "text": "Bob, because we can see in a 2011 peak"}, {"start": "00:12:06", "end": "00:12:11", "text": "just near 1,921,"}, {"start": "00:12:08", "end": "00:12:15", "text": "just under 2,000, that dropped from"}, {"start": "00:12:11", "end": "00:12:17", "text": "1,900 approximately to 1,044."}, {"start": "00:12:15", "end": "00:12:20", "text": "Um, I mean, uh, that's a significant"}, {"start": "00:12:17", "end": "00:12:21", "text": "drop there. Uh, do you think so? So, I"}, {"start": "00:12:20", "end": "00:12:24", "text": "mean, could we expect maybe not"}, {"start": "00:12:21", "end": "00:12:26", "text": "necessarily a 50% or 40% drop, but for"}, {"start": "00:12:24", "end": "00:12:29", "text": "example, if we don't drop to 3,115,"}, {"start": "00:12:26", "end": "00:12:32", "text": "which you have there on the right, could"}, {"start": "00:12:29", "end": "00:12:33", "text": "we at least see maybe 3,700, 3,500, do"}, {"start": "00:12:32", "end": "00:12:36", "text": "you think?"}, {"start": "00:12:33", "end": "00:12:38", "text": ">> I don't know. This is what I've got."}, {"start": "00:12:36", "end": "00:12:41", "text": "Let's put it this way. Uh, I don't know"}, {"start": "00:12:38", "end": "00:12:42", "text": "if it's going to correct uh down to that"}, {"start": "00:12:41", "end": "00:12:45", "text": "level. It seems to have been work been"}, {"start": "00:12:42", "end": "00:12:48", "text": "working very very well for the last 40"}, {"start": "00:12:45", "end": "00:12:49", "text": "years. Um, but if it does,"}, {"start": "00:12:48", "end": "00:12:51", "text": ">> then you start looking at your"}, {"start": "00:12:49", "end": "00:12:53", "text": "indicators and say, \"Look, if they're"}, {"start": "00:12:51", "end": "00:12:55", "text": "suggesting a low, if if sentiment's"}, {"start": "00:12:53", "end": "00:12:57", "text": "correct for a low, if momentum is drying"}, {"start": "00:12:55", "end": "00:13:00", "text": "up and so forth, that would be"}, {"start": "00:12:57", "end": "00:13:01", "text": "reinforcing information to say it's time"}, {"start": "00:13:00", "end": "00:13:02", "text": "time to get interested again.\""}, {"start": "00:13:01", "end": "00:13:04", "text": ">> And I think it's worth uh again"}, {"start": "00:13:02", "end": "00:13:06", "text": "remembering guys who are watching this"}, {"start": "00:13:04", "end": "00:13:07", "text": "again, there could be all kinds of"}, {"start": "00:13:06", "end": "00:13:08", "text": "squiggles, you know, ups and downs, you"}, {"start": "00:13:07", "end": "00:13:10", "text": "know, there could be a bounce in the"}, {"start": "00:13:08", "end": "00:13:12", "text": "short term, but overall, we're still in"}, {"start": "00:13:10", "end": "00:13:14", "text": "a bare market and a downtrend. And it is"}, {"start": "00:13:12", "end": "00:13:16", "text": "probable that uh indeed gold may still"}, {"start": "00:13:14", "end": "00:13:18", "text": "have more downside. I actually think it"}, {"start": "00:13:16", "end": "00:13:18", "text": "has over the long over the next several"}, {"start": "00:13:18", "end": "00:13:20", "text": "months. I think"}, {"start": "00:13:18", "end": "00:13:22", "text": ">> I'll point out a couple things that are"}, {"start": "00:13:20", "end": "00:13:27", "text": "interesting on this chart as well and"}, {"start": "00:13:22", "end": "00:13:28", "text": "that is from here at 1921 down to 1,044"}, {"start": "00:13:27", "end": "00:13:30", "text": ">> even though there were some fluctuations"}, {"start": "00:13:28", "end": "00:13:31", "text": "it was a pretty straight drop."}, {"start": "00:13:30", "end": "00:13:33", "text": ">> Yeah."}, {"start": "00:13:31", "end": "00:13:35", "text": ">> Really? And then if you go back here to"}, {"start": "00:13:33", "end": "00:13:37", "text": "the 200 down to 100 that was another"}, {"start": "00:13:35", "end": "00:13:39", "text": "almost 50% move and it was pretty much"}, {"start": "00:13:37", "end": "00:13:40", "text": "of a straight drop. I'm not saying it's"}, {"start": "00:13:39", "end": "00:13:43", "text": "going to happen now. In fact, we really"}, {"start": "00:13:40", "end": "00:13:44", "text": "don't think so. But it's possible maybe"}, {"start": "00:13:43", "end": "00:13:46", "text": "it goes straight there and people say,"}, {"start": "00:13:44", "end": "00:13:50", "text": "\"Oh my gosh, I made a big mistake up"}, {"start": "00:13:46", "end": "00:13:52", "text": "there at 5,000. Uh, I better get out and"}, {"start": "00:13:50", "end": "00:13:54", "text": "that's when we'll be looking at it.\" So,"}, {"start": "00:13:52", "end": "00:13:54", "text": "more likely it's going to take a few"}, {"start": "00:13:54", "end": "00:13:57", "text": "years"}, {"start": "00:13:54", "end": "00:13:59", "text": ">> to where people I've read comments on"}, {"start": "00:13:57", "end": "00:14:01", "text": "YouTube. There's a lot of confusion out"}, {"start": "00:13:59", "end": "00:14:03", "text": "there. People say, \"How can gold be"}, {"start": "00:14:01", "end": "00:14:05", "text": "dropping when you have the backdrop of"}, {"start": "00:14:03", "end": "00:14:08", "text": "the Iran war, you know, happening?\" And"}, {"start": "00:14:05", "end": "00:14:09", "text": "that's because you know again a lot of"}, {"start": "00:14:08", "end": "00:14:12", "text": "people a lot of people are still stuck"}, {"start": "00:14:09", "end": "00:14:14", "text": "in this mechanistic mindset as you call"}, {"start": "00:14:12", "end": "00:14:18", "text": "it Bob which is people assume there has"}, {"start": "00:14:14", "end": "00:14:19", "text": "to be some rational causal mechanistic"}, {"start": "00:14:18", "end": "00:14:21", "text": "explanation. the reason why gold has to"}, {"start": "00:14:19", "end": "00:14:23", "text": "go up is because of the Iran war and all"}, {"start": "00:14:21", "end": "00:14:25", "text": "that and and when they cannot find an"}, {"start": "00:14:23", "end": "00:14:27", "text": "explanation as to why it's dropping"}, {"start": "00:14:25", "end": "00:14:29", "text": "despite the Iran war then they think hey"}, {"start": "00:14:27", "end": "00:14:30", "text": "what's going on here again I would"}, {"start": "00:14:29", "end": "00:14:32", "text": "highly suggest"}, {"start": "00:14:30", "end": "00:14:34", "text": ">> you know let's let's answer that"}, {"start": "00:14:32", "end": "00:14:37", "text": "question follow my cursor here the"}, {"start": "00:14:34", "end": "00:14:41", "text": "Vietnam war was raging back here in in"}, {"start": "00:14:37", "end": "00:14:44", "text": "60 you know it was going in ' 65 66 67"}, {"start": "00:14:41", "end": "00:14:47", "text": "68 was was a big deal offensive or"}, {"start": "00:14:44", "end": "00:14:49", "text": "something and then gold's doing nothing"}, {"start": "00:14:47", "end": "00:14:51", "text": "and then it's going down here. Here we"}, {"start": "00:14:49", "end": "00:14:53", "text": "are. And I think somewhere around here,"}, {"start": "00:14:51", "end": "00:14:55", "text": "we pulled out"}, {"start": "00:14:53", "end": "00:14:57", "text": "uh 73, wasn't it? Nixon pulled out uh"}, {"start": "00:14:55", "end": "00:14:59", "text": "the last"}, {"start": "00:14:57", "end": "00:15:01", "text": ">> plane and the last troops from Vietnam."}, {"start": "00:14:59", "end": "00:15:04", "text": "So all this is the Vietnam War and we"}, {"start": "00:15:01", "end": "00:15:06", "text": "got out and then gold took off."}, {"start": "00:15:04", "end": "00:15:07", "text": ">> So you can't use that stuff."}, {"start": "00:15:06", "end": "00:15:09", "text": ">> Exactly."}, {"start": "00:15:07", "end": "00:15:12", "text": ">> In fact, people who look at things like"}, {"start": "00:15:09", "end": "00:15:14", "text": "that are wasting so much mental energy."}, {"start": "00:15:12", "end": "00:15:16", "text": "And what you and I do is we look at"}, {"start": "00:15:14", "end": "00:15:20", "text": "patterns of psychology and patterns of"}, {"start": "00:15:16", "end": "00:15:24", "text": "of the market and we try to take our"}, {"start": "00:15:20", "end": "00:15:26", "text": "cues from internal information, not"}, {"start": "00:15:24", "end": "00:15:27", "text": "external information that will screw you"}, {"start": "00:15:26", "end": "00:15:29", "text": "over every time. And we've done"}, {"start": "00:15:27", "end": "00:15:31", "text": "long-term studies about gold and"}, {"start": "00:15:29", "end": "00:15:33", "text": "recessions and we found out that that's"}, {"start": "00:15:31", "end": "00:15:34", "text": "not a a big reason to buy gold or even"}, {"start": "00:15:33", "end": "00:15:37", "text": "depressions."}, {"start": "00:15:34", "end": "00:15:40", "text": ">> Uh wars can gold can go up or wars gold"}, {"start": "00:15:37", "end": "00:15:41", "text": "can go down. It's just not a clue."}, {"start": "00:15:40", "end": "00:15:42", "text": ">> Well, thank you very much for that. I"}, {"start": "00:15:41", "end": "00:15:44", "text": "really appreciate it. Guys, go ahead and"}, {"start": "00:15:42", "end": "00:15:45", "text": "check out Bob's phenomenal offer which"}, {"start": "00:15:44", "end": "00:15:47", "text": "he asked for you for the Eliot Weave"}, {"start": "00:15:45", "end": "00:15:49", "text": "International newsletter. You get access"}, {"start": "00:15:47", "end": "00:15:51", "text": "to Bob's Eliwave theorist as well as the"}, {"start": "00:15:49", "end": "00:15:53", "text": "short-term forecast and also the"}, {"start": "00:15:51", "end": "00:15:55", "text": "financial forecast all for one month for"}, {"start": "00:15:53", "end": "00:15:57", "text": "only $11. The link for the special offer"}, {"start": "00:15:55", "end": "00:15:59", "text": "and discount is right there for you. So,"}, {"start": "00:15:57", "end": "00:16:01", "text": "that's elidwave.com/lsio."}, {"start": "00:15:59", "end": "00:16:02", "text": "I'll put the link for you guys in the"}, {"start": "00:16:01", "end": "00:16:04", "text": "description. Go ahead and check it out."}, {"start": "00:16:02", "end": "00:16:06", "text": "I think it's a great offer and you can"}, {"start": "00:16:04", "end": "00:16:07", "text": "actually test drive Bob's uh newsletter"}, {"start": "00:16:06", "end": "00:16:09", "text": "and you can try it out. Check it out. I"}, {"start": "00:16:07", "end": "00:16:10", "text": "think you'll really like it. I myself,"}, {"start": "00:16:09", "end": "00:16:12", "text": "uh, by the way, Bob, I read your"}, {"start": "00:16:10", "end": "00:16:13", "text": "newsletter every month when it comes"}, {"start": "00:16:12", "end": "00:16:15", "text": "out, when you put out the updates. It's"}, {"start": "00:16:13", "end": "00:16:16", "text": "phenomenal. It's fantastic. Yeah, guys,"}, {"start": "00:16:15", "end": "00:16:17", "text": "go ahead and check it out. The link"}, {"start": "00:16:16", "end": "00:16:20", "text": "again is in the description. Again,"}, {"start": "00:16:17", "end": "00:16:21", "text": "that's elitwave.com/lesio."}, {"start": "00:16:20", "end": "00:16:22", "text": "Thanks very much, Bob. Really appreciate"}, {"start": "00:16:21", "end": "00:16:26", "text": "it."}, {"start": "00:16:22", "end": "00:16:26", "text": ">> Yeah, it's been fun."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "Now, people say, \"Oh, my gosh, it's down"}, {"start": "00:00:01", "end": "00:00:08", "text": "50%. That's massive.\" But, it's not that"}, {"start": "00:00:05", "end": "00:00:08", "text": "big when you look at how far it has"}, {"start": "00:00:08", "end": "00:00:10", "text": "come."}, {"start": "00:00:08", "end": "00:00:12", "text": ">> Now, we're seeing the correction, and I"}, {"start": "00:00:10", "end": "00:00:14", "text": "think what you're saying is"}, {"start": "00:00:12", "end": "00:00:16", "text": "this correction is still not done. This"}, {"start": "00:00:14", "end": "00:00:18", "text": "bear market is still not done. We have"}, {"start": "00:00:16", "end": "00:00:19", "text": "lower to go. Am I Am I correct in saying"}, {"start": "00:00:18", "end": "00:00:21", "text": "that?"}, {"start": "00:00:19", "end": "00:00:22", "text": ">> That's right. You have to understand how"}, {"start": "00:00:21", "end": "00:00:24", "text": "little it has come down, even though"}, {"start": "00:00:22", "end": "00:00:28", "text": "it's been cut in half. I think the"}, {"start": "00:00:24", "end": "00:00:30", "text": "downside potential is very, very large"}, {"start": "00:00:28", "end": "00:00:32", "text": "from the point of view of somebody who"}, {"start": "00:00:30", "end": "00:00:33", "text": "bought it somewhere in this box."}, {"start": "00:00:32", "end": "00:00:35", "text": ">> I mean, that's way below some of the"}, {"start": "00:00:33", "end": "00:00:37", "text": "targets I have mentioned and some people"}, {"start": "00:00:35", "end": "00:00:38", "text": "have mentioned, which is 50K."}, {"start": "00:00:37", "end": "00:00:40", "text": ">> That's why I thought I'd show it to you."}, {"start": "00:00:38", "end": "00:00:43", "text": ">> The wave four in parentheses there at"}, {"start": "00:00:40", "end": "00:00:45", "text": "3,500. Do you actually think that in the"}, {"start": "00:00:43", "end": "00:00:46", "text": "next few years we could actually see"}, {"start": "00:00:45", "end": "00:00:48", "text": "Bitcoin that low? All right, guys, hello"}, {"start": "00:00:46", "end": "00:00:50", "text": "and welcome. We're honored to have our"}, {"start": "00:00:48", "end": "00:00:51", "text": "special guest analyst Bob Prechter of"}, {"start": "00:00:50", "end": "00:00:53", "text": "Elliott Wave International. And Bob is"}, {"start": "00:00:51", "end": "00:00:55", "text": "by far, in my view, one of the leading"}, {"start": "00:00:53", "end": "00:00:56", "text": "experts on technical analysis as well as"}, {"start": "00:00:55", "end": "00:00:58", "text": "Elliott Wave theory. He's the author of"}, {"start": "00:00:56", "end": "00:01:00", "text": "some of the most important works on"}, {"start": "00:00:58", "end": "00:01:01", "text": "finance and technical analysis. In this"}, {"start": "00:01:00", "end": "00:01:02", "text": "video, we're going to talk about"}, {"start": "00:01:01", "end": "00:01:04", "text": "Bitcoin, and specifically this"}, {"start": "00:01:02", "end": "00:01:05", "text": "particular chart you're seeing here. So,"}, {"start": "00:01:04", "end": "00:01:07", "text": "we're going to go through a number of"}, {"start": "00:01:05", "end": "00:01:09", "text": "these charts and explain what likely"}, {"start": "00:01:07", "end": "00:01:10", "text": "could happen to Bitcoin for the next"}, {"start": "00:01:09", "end": "00:01:12", "text": "several weeks and months going to the"}, {"start": "00:01:10", "end": "00:01:14", "text": "end of the year 2026. And what does Bob"}, {"start": "00:01:12", "end": "00:01:17", "text": "think about Bitcoin"}, {"start": "00:01:14", "end": "00:01:17", "text": "for generally long term?"}, {"start": "00:01:18", "end": "00:01:21", "text": "Bob, thanks very much again for the"}, {"start": "00:01:19", "end": "00:01:23", "text": "opportunity. I really appreciate this."}, {"start": "00:01:21", "end": "00:01:24", "text": "But, listen, I'm I'm a great admirer of"}, {"start": "00:01:23", "end": "00:01:27", "text": "your work. Guys, listen, if you haven't"}, {"start": "00:01:24", "end": "00:01:28", "text": "read the Elliott Wave Principle and the"}, {"start": "00:01:27", "end": "00:01:31", "text": "Socionomic Theory of Finance, definitely"}, {"start": "00:01:28", "end": "00:01:32", "text": "get these books. Specifically the second"}, {"start": "00:01:31", "end": "00:01:34", "text": "one as well, the Socionomic Theory of"}, {"start": "00:01:32", "end": "00:01:36", "text": "Finance. By far the most important book"}, {"start": "00:01:34", "end": "00:01:38", "text": "out there on finance, and also I would"}, {"start": "00:01:36", "end": "00:01:40", "text": "say generally understanding the markets"}, {"start": "00:01:38", "end": "00:01:42", "text": "and the charts. So, let's discuss"}, {"start": "00:01:40", "end": "00:01:45", "text": "Bitcoin. And by far, I think you made a"}, {"start": "00:01:42", "end": "00:01:48", "text": "very good call on Bitcoin. Bob, if I'm"}, {"start": "00:01:45", "end": "00:01:49", "text": "not mistaken, you wrote to me an email"}, {"start": "00:01:48", "end": "00:01:51", "text": "some months ago. I think it might have"}, {"start": "00:01:49", "end": "00:01:52", "text": "been last year, where you were quite"}, {"start": "00:01:51", "end": "00:01:54", "text": "bearish on Bitcoin. And actually, in"}, {"start": "00:01:52", "end": "00:01:56", "text": "your newsletter also,"}, {"start": "00:01:54", "end": "00:01:58", "text": "you're pointing out that Bitcoin has"}, {"start": "00:01:56", "end": "00:01:59", "text": "much further lower to go. And you were"}, {"start": "00:01:58", "end": "00:02:01", "text": "absolutely correct, by the way. Guide us"}, {"start": "00:01:59", "end": "00:02:03", "text": "through your thinking on Bitcoin and"}, {"start": "00:02:01", "end": "00:02:03", "text": "what you think could happen on the"}, {"start": "00:02:03", "end": "00:02:05", "text": "crypto"}, {"start": "00:02:03", "end": "00:02:07", "text": ">> Yeah, well, Bitcoin is one of the most"}, {"start": "00:02:05", "end": "00:02:09", "text": "interesting investments in history"}, {"start": "00:02:07", "end": "00:02:10", "text": "because it's the only one I've ever"}, {"start": "00:02:09", "end": "00:02:13", "text": "heard of that went up more than a"}, {"start": "00:02:10", "end": "00:02:14", "text": "million times in value. The thing"}, {"start": "00:02:13", "end": "00:02:18", "text": "started at a penny."}, {"start": "00:02:14", "end": "00:02:20", "text": "My son is named Elliott and he went to"}, {"start": "00:02:18", "end": "00:02:23", "text": "MIT. He's worked for Microsoft and he"}, {"start": "00:02:20", "end": "00:02:26", "text": "went to work for a hedge fund. He got"}, {"start": "00:02:23", "end": "00:02:27", "text": "very interested in Bitcoin early on. And"}, {"start": "00:02:26", "end": "00:02:30", "text": "so we were talking about it back in"}, {"start": "00:02:27", "end": "00:02:32", "text": "2010, one year after it was debuted at a"}, {"start": "00:02:30", "end": "00:02:34", "text": "penny. It was still selling at 6 cents."}, {"start": "00:02:32", "end": "00:02:35", "text": "So he wrote a two-page report, you know,"}, {"start": "00:02:34", "end": "00:02:37", "text": "saying Bitcoin is a new form of"}, {"start": "00:02:35", "end": "00:02:41", "text": "currency, it's got massive potential,"}, {"start": "00:02:37", "end": "00:02:43", "text": "it's only 6 cents a coin, and um if you"}, {"start": "00:02:41", "end": "00:02:45", "text": "go on elliottwave.com,"}, {"start": "00:02:43", "end": "00:02:47", "text": "uh you can click on our Bitcoin button"}, {"start": "00:02:45", "end": "00:02:49", "text": "and you'll find the original report that"}, {"start": "00:02:47", "end": "00:02:50", "text": "we wrote. So we were excited and when it"}, {"start": "00:02:49", "end": "00:02:52", "text": "got to a dollar, we thought that's"}, {"start": "00:02:50", "end": "00:02:55", "text": "pretty cool. And $20, that was pretty"}, {"start": "00:02:52", "end": "00:02:56", "text": "great. And $100, wow."}, {"start": "00:02:55", "end": "00:02:58", "text": "By the time it got to 20,000, we were"}, {"start": "00:02:56", "end": "00:03:01", "text": "like, this is this is kind of crazy."}, {"start": "00:02:58", "end": "00:03:03", "text": "It's it's taking over even larger than"}, {"start": "00:03:01", "end": "00:03:05", "text": "we imagined. However, even originally,"}, {"start": "00:03:03", "end": "00:03:06", "text": "we said, \"Look, if it took over as the"}, {"start": "00:03:05", "end": "00:03:09", "text": "world's currency, it would have to"}, {"start": "00:03:06", "end": "00:03:10", "text": "encompass or or manage all of the"}, {"start": "00:03:09", "end": "00:03:12", "text": "transactions in the world.\""}, {"start": "00:03:10", "end": "00:03:14", "text": "Unfortunately, around that time, it"}, {"start": "00:03:12", "end": "00:03:17", "text": "began to become clear that um the"}, {"start": "00:03:14", "end": "00:03:18", "text": "blockchain couldn't really handle the"}, {"start": "00:03:17", "end": "00:03:20", "text": "transactions as well as people thought."}, {"start": "00:03:18", "end": "00:03:21", "text": "Now, people are trying to fix that."}, {"start": "00:03:20", "end": "00:03:23", "text": "We'll see what happens. The last time we"}, {"start": "00:03:21", "end": "00:03:25", "text": "spoke"}, {"start": "00:03:23", "end": "00:03:25", "text": "was October 2024."}, {"start": "00:03:25", "end": "00:03:27", "text": ">> Yeah."}, {"start": "00:03:25", "end": "00:03:30", "text": ">> Bitcoin was nearing 100,000."}, {"start": "00:03:27", "end": "00:03:32", "text": "Uh I told you I I thought it was uh"}, {"start": "00:03:30", "end": "00:03:33", "text": "stretched beyond all recognition. I was"}, {"start": "00:03:32", "end": "00:03:35", "text": "very negative on it. And you said, \"You"}, {"start": "00:03:33", "end": "00:03:37", "text": "know, I think it's going to go above"}, {"start": "00:03:35", "end": "00:03:39", "text": "100,000 before it tops.\""}, {"start": "00:03:37", "end": "00:03:41", "text": "And I said, \"Okay, I guess we'll see.\""}, {"start": "00:03:39", "end": "00:03:43", "text": "And that was a great call on your part."}, {"start": "00:03:41", "end": "00:03:45", "text": "It did go up there. And what I'd like to"}, {"start": "00:03:43", "end": "00:03:48", "text": "do is just orient your your people on on"}, {"start": "00:03:45", "end": "00:03:50", "text": "the chart uh that I've got to share"}, {"start": "00:03:48", "end": "00:03:52", "text": "here. The chart of Bitcoin back in"}, {"start": "00:03:50", "end": "00:03:54", "text": "December of 2024, that was shortly after"}, {"start": "00:03:52", "end": "00:03:55", "text": "you and I spoke."}, {"start": "00:03:54", "end": "00:03:57", "text": "And I had published, I think that's the"}, {"start": "00:03:55", "end": "00:03:59", "text": "end of wave five. Well, it actually did"}, {"start": "00:03:57", "end": "00:03:59", "text": "edge up a little further"}, {"start": "00:03:59", "end": "00:04:00", "text": ">> Mhm."}, {"start": "00:03:59", "end": "00:04:01", "text": ">> uh"}, {"start": "00:04:00", "end": "00:04:03", "text": "and very slowly, as you can see on the"}, {"start": "00:04:01", "end": "00:04:05", "text": "chart on the right, over here. And"}, {"start": "00:04:03", "end": "00:04:08", "text": "finally, I think we made our fifth wave"}, {"start": "00:04:05", "end": "00:04:10", "text": "high at about 120,000"}, {"start": "00:04:08", "end": "00:04:12", "text": "plus. Now, people say, \"Oh my gosh, it's"}, {"start": "00:04:10", "end": "00:04:13", "text": "down 50%, that's massive.\""}, {"start": "00:04:12", "end": "00:04:15", "text": ">> Mhm."}, {"start": "00:04:13", "end": "00:04:18", "text": ">> But, it's not that big when you look at"}, {"start": "00:04:15", "end": "00:04:20", "text": "how far it has come."}, {"start": "00:04:18", "end": "00:04:23", "text": "And you're an Elliott wave person, if"}, {"start": "00:04:20", "end": "00:04:26", "text": "this Elliott wave count is correct,"}, {"start": "00:04:23", "end": "00:04:27", "text": "uh which I'm quite confident about."}, {"start": "00:04:26", "end": "00:04:29", "text": ">> For people who may not be all familiar"}, {"start": "00:04:27", "end": "00:04:30", "text": "with Elliott wave theory, maybe watching"}, {"start": "00:04:29", "end": "00:04:33", "text": "this video for the first time, and maybe"}, {"start": "00:04:30", "end": "00:04:35", "text": "they're confused by what you mean by"}, {"start": "00:04:33", "end": "00:04:37", "text": "Elliott waves and the five-wave count."}, {"start": "00:04:35", "end": "00:04:39", "text": "According to Elliott wave theory, uh"}, {"start": "00:04:37", "end": "00:04:43", "text": "markets trend or move in the direction"}, {"start": "00:04:39", "end": "00:04:45", "text": "of major trend in five waves. And once"}, {"start": "00:04:43", "end": "00:04:47", "text": "the five waves then complete, which is I"}, {"start": "00:04:45", "end": "00:04:49", "text": "think what you're saying here, once the"}, {"start": "00:04:47", "end": "00:04:52", "text": "five waves complete or have completed,"}, {"start": "00:04:49", "end": "00:04:54", "text": "then we see a significant correction,"}, {"start": "00:04:52", "end": "00:04:55", "text": "which is often in three waves or ABC"}, {"start": "00:04:54", "end": "00:04:58", "text": "corrections. So, what I think what"}, {"start": "00:04:55", "end": "00:04:59", "text": "you're saying, uh Bob, is the fifth wave"}, {"start": "00:04:58", "end": "00:05:02", "text": "of the bull market that started on"}, {"start": "00:04:59", "end": "00:05:03", "text": "Bitcoin long ago, decades ago, 2009, I"}, {"start": "00:05:02", "end": "00:05:06", "text": "believe, yeah. Uh that bull market is"}, {"start": "00:05:03", "end": "00:05:08", "text": "likely finished at the all-time highs we"}, {"start": "00:05:06", "end": "00:05:10", "text": "made near 126K"}, {"start": "00:05:08", "end": "00:05:13", "text": "last year in the wave five that you have"}, {"start": "00:05:10", "end": "00:05:15", "text": "there. And I think what you're saying is"}, {"start": "00:05:13", "end": "00:05:18", "text": "that the correction with what the drop"}, {"start": "00:05:15", "end": "00:05:21", "text": "we've seen so far from 126K, which as"}, {"start": "00:05:18", "end": "00:05:23", "text": "you said, 50% down to 60K, that is just"}, {"start": "00:05:21", "end": "00:05:25", "text": "the tip of the iceberg. That is not"}, {"start": "00:05:23", "end": "00:05:26", "text": "actually the end of the bear market."}, {"start": "00:05:25", "end": "00:05:28", "text": "That is not the end of the correction. I"}, {"start": "00:05:26", "end": "00:05:29", "text": "think what you're saying is there's more"}, {"start": "00:05:28", "end": "00:05:32", "text": "to go"}, {"start": "00:05:29", "end": "00:05:34", "text": "in this correction or this bear market."}, {"start": "00:05:32", "end": "00:05:35", "text": "Now, we're seeing the correction, and I"}, {"start": "00:05:34", "end": "00:05:37", "text": "think what you're saying is"}, {"start": "00:05:35", "end": "00:05:39", "text": "this correction is still not done. This"}, {"start": "00:05:37", "end": "00:05:40", "text": "this drop"}, {"start": "00:05:39", "end": "00:05:42", "text": "this decline, whatever you want to call"}, {"start": "00:05:40", "end": "00:05:44", "text": "it, bear market, is still not done. We"}, {"start": "00:05:42", "end": "00:05:45", "text": "have lower to go. Am I Am I correct in"}, {"start": "00:05:44", "end": "00:05:46", "text": "saying that?"}, {"start": "00:05:45", "end": "00:05:49", "text": ">> That's right. Let me show you a"}, {"start": "00:05:46", "end": "00:05:50", "text": "perspective on it. This is from February"}, {"start": "00:05:49", "end": "00:05:52", "text": "when I did a special report on the"}, {"start": "00:05:50", "end": "00:05:54", "text": "cryptos. So, I published this last"}, {"start": "00:05:52", "end": "00:05:56", "text": "February and I said, \"Look, you have to"}, {"start": "00:05:54", "end": "00:05:58", "text": "understand how little it has come down"}, {"start": "00:05:56", "end": "00:06:01", "text": "even though it's been cut in half.\" So,"}, {"start": "00:05:58", "end": "00:06:04", "text": "I realized that what had seemed to have"}, {"start": "00:06:01", "end": "00:06:05", "text": "happened was a number of times, a total"}, {"start": "00:06:04", "end": "00:06:07", "text": "of"}, {"start": "00:06:05", "end": "00:06:10", "text": "nine times,"}, {"start": "00:06:07", "end": "00:06:12", "text": "Bitcoin multiplied by six in terms of"}, {"start": "00:06:10", "end": "00:06:14", "text": "price. It started out at a penny, we"}, {"start": "00:06:12", "end": "00:06:16", "text": "liked it at 6 cents."}, {"start": "00:06:14", "end": "00:06:19", "text": "I realized based on the high that we saw"}, {"start": "00:06:16", "end": "00:06:21", "text": "just under 126,000,"}, {"start": "00:06:19", "end": "00:06:23", "text": "uh you can sort of"}, {"start": "00:06:21", "end": "00:06:25", "text": "back calculate to a starting point of"}, {"start": "00:06:23", "end": "00:06:27", "text": ".01 and a quarter cents. And isn't this"}, {"start": "00:06:25", "end": "00:06:29", "text": "amazing? Here it went up six times to"}, {"start": "00:06:27", "end": "00:06:31", "text": "this level, six more times to that"}, {"start": "00:06:29", "end": "00:06:32", "text": "level, here, here, here, here, and so"}, {"start": "00:06:31", "end": "00:06:35", "text": "on."}, {"start": "00:06:32", "end": "00:06:38", "text": "And it had gone up by six times multiple"}, {"start": "00:06:35", "end": "00:06:40", "text": "eight times in eight years."}, {"start": "00:06:38", "end": "00:06:42", "text": "That's a 6x multiple every single year"}, {"start": "00:06:40", "end": "00:06:42", "text": "for eight years. That's incredible."}, {"start": "00:06:42", "end": "00:06:44", "text": ">> Yeah."}, {"start": "00:06:42", "end": "00:06:47", "text": ">> Now, from that point where I've got a"}, {"start": "00:06:44", "end": "00:06:50", "text": "parenthesis three that's um intermediate"}, {"start": "00:06:47", "end": "00:06:51", "text": "wave three, it only multiplied by six"}, {"start": "00:06:50", "end": "00:06:54", "text": "one more time."}, {"start": "00:06:51", "end": "00:06:56", "text": "And it took all of this time to do it."}, {"start": "00:06:54", "end": "00:06:58", "text": "So, as you can see, the whole picture,"}, {"start": "00:06:56", "end": "00:06:59", "text": "even though this is on log scale, has an"}, {"start": "00:06:58", "end": "00:07:01", "text": "arc."}, {"start": "00:06:59", "end": "00:07:02", "text": "And I think that's a rounding sort of"}, {"start": "00:07:01", "end": "00:07:05", "text": "topping"}, {"start": "00:07:02", "end": "00:07:07", "text": "process. So, if a normal retracement"}, {"start": "00:07:05", "end": "00:07:09", "text": "under Elliott Wave principle minimum"}, {"start": "00:07:07", "end": "00:07:10", "text": "would take you back to the previous"}, {"start": "00:07:09", "end": "00:07:12", "text": "fourth wave low, right?"}, {"start": "00:07:10", "end": "00:07:13", "text": "In this case, we're talking primary,"}, {"start": "00:07:12", "end": "00:07:14", "text": "that's around this area."}, {"start": "00:07:13", "end": "00:07:17", "text": ">> Yes. Yes."}, {"start": "00:07:14", "end": "00:07:19", "text": ">> That's around 20,000. So, we're at 60"}, {"start": "00:07:17", "end": "00:07:21", "text": "now, 60 plus, 65."}, {"start": "00:07:19", "end": "00:07:24", "text": "Usually, you go back to wave four of"}, {"start": "00:07:21", "end": "00:07:25", "text": "three. That's down closer to 3,000."}, {"start": "00:07:24", "end": "00:07:27", "text": ">> All right."}, {"start": "00:07:25", "end": "00:07:29", "text": ">> So, people say, \"Oh my god, that's too"}, {"start": "00:07:27", "end": "00:07:33", "text": "far.\" But as we know, Bitcoin's already"}, {"start": "00:07:29", "end": "00:07:34", "text": "had several corrections of 80% plus."}, {"start": "00:07:33", "end": "00:07:37", "text": ">> Yes."}, {"start": "00:07:34", "end": "00:07:39", "text": ">> I think the downside potential is very,"}, {"start": "00:07:37", "end": "00:07:41", "text": "very large from the point of view of"}, {"start": "00:07:39", "end": "00:07:42", "text": "somebody who bought it somewhere in this"}, {"start": "00:07:41", "end": "00:07:44", "text": "box."}, {"start": "00:07:42", "end": "00:07:47", "text": "Which is or between"}, {"start": "00:07:44", "end": "00:07:50", "text": ">> 80,000 to 126, right? And that's when"}, {"start": "00:07:47", "end": "00:07:52", "text": "the money managers got excited,"}, {"start": "00:07:50", "end": "00:07:52", "text": "governments got excited,"}, {"start": "00:07:52", "end": "00:07:55", "text": ">> Sure."}, {"start": "00:07:52", "end": "00:07:57", "text": ">> individuals got excited. People who"}, {"start": "00:07:55", "end": "00:07:59", "text": "bought Bitcoin through funds and and"}, {"start": "00:07:57", "end": "00:08:02", "text": "things like that have an average buy"}, {"start": "00:07:59", "end": "00:08:03", "text": "price of 89,000,"}, {"start": "00:08:02", "end": "00:08:04", "text": "something like that."}, {"start": "00:08:03", "end": "00:08:06", "text": ">> I understand."}, {"start": "00:08:04", "end": "00:08:09", "text": ">> So So the average person who bought it"}, {"start": "00:08:06", "end": "00:08:09", "text": "by that method is well underwater."}, {"start": "00:08:09", "end": "00:08:11", "text": ">> Yeah."}, {"start": "00:08:09", "end": "00:08:12", "text": ">> Now, what we look for for a bottom, as"}, {"start": "00:08:11", "end": "00:08:14", "text": "you well know, is some sort of bottom"}, {"start": "00:08:12", "end": "00:08:16", "text": "psychology where people"}, {"start": "00:08:14", "end": "00:08:17", "text": "they get disgusted, they throw things"}, {"start": "00:08:16", "end": "00:08:20", "text": "overboard, they say, \"I'll never touch"}, {"start": "00:08:17", "end": "00:08:22", "text": "it again.\" And unfortunately for Bitcoin"}, {"start": "00:08:20", "end": "00:08:24", "text": "holders, we are nowhere near that point."}, {"start": "00:08:22", "end": "00:08:26", "text": "In fact, we've had a lot of people come"}, {"start": "00:08:24", "end": "00:08:28", "text": "out and say 60,000 is a floor, it's"}, {"start": "00:08:26", "end": "00:08:30", "text": "never going to break. Uh it's a great"}, {"start": "00:08:28", "end": "00:08:32", "text": "buying opportunity. We'll see about"}, {"start": "00:08:30", "end": "00:08:33", "text": "that. I think because people think"}, {"start": "00:08:32", "end": "00:08:35", "text": "that's a floor, it's not likely a floor."}, {"start": "00:08:33", "end": "00:08:38", "text": "So I think there's a lot of downside"}, {"start": "00:08:35", "end": "00:08:41", "text": "potential in Bitcoin. Still, um but as"}, {"start": "00:08:38", "end": "00:08:43", "text": "you say, you and I were there at 100,000"}, {"start": "00:08:41", "end": "00:08:45", "text": "and 120. I'm not as vocal right now"}, {"start": "00:08:43", "end": "00:08:47", "text": "because we we had our say back then."}, {"start": "00:08:45", "end": "00:08:49", "text": ">> It's a very interesting point you make"}, {"start": "00:08:47", "end": "00:08:50", "text": "there. Thanks, Bob. And it's very I"}, {"start": "00:08:49", "end": "00:08:52", "text": "think it's a very powerful, interesting"}, {"start": "00:08:50", "end": "00:08:53", "text": "chart. Uh let's just dig into this now."}, {"start": "00:08:52", "end": "00:08:55", "text": "You're saying that typically a"}, {"start": "00:08:53", "end": "00:08:57", "text": "correction after the wave five"}, {"start": "00:08:55", "end": "00:09:00", "text": "completes, the ABC correction then"}, {"start": "00:08:57", "end": "00:09:03", "text": "typically goes back"}, {"start": "00:09:00", "end": "00:09:05", "text": "to the previous wave four, which"}, {"start": "00:09:03", "end": "00:09:08", "text": "presumably at the very first wave four"}, {"start": "00:09:05", "end": "00:09:10", "text": "we have on your chart is about 20,000."}, {"start": "00:09:08", "end": "00:09:12", "text": "So we can see that right there, the wave"}, {"start": "00:09:10", "end": "00:09:14", "text": "four in circle. So that's one potential"}, {"start": "00:09:12", "end": "00:09:16", "text": "target we have there. Again, for people"}, {"start": "00:09:14", "end": "00:09:18", "text": "who are watching this, Bob is not saying"}, {"start": "00:09:16", "end": "00:09:19", "text": "we're going to go there immediately in"}, {"start": "00:09:18", "end": "00:09:21", "text": "the next few months. Okay, this could"}, {"start": "00:09:19", "end": "00:09:22", "text": "take some time. Is that correct, Bob?"}, {"start": "00:09:21", "end": "00:09:23", "text": "You're saying this could take at least"}, {"start": "00:09:22", "end": "00:09:25", "text": "several months."}, {"start": "00:09:23", "end": "00:09:27", "text": ">> We don't know. Bear market Bear markets"}, {"start": "00:09:25", "end": "00:09:28", "text": "are like bears. They can look"}, {"start": "00:09:27", "end": "00:09:29", "text": ">> [laughter]"}, {"start": "00:09:28", "end": "00:09:30", "text": ">> calm and suddenly you know, they're on"}, {"start": "00:09:29", "end": "00:09:32", "text": "top of you. So"}, {"start": "00:09:30", "end": "00:09:34", "text": ">> Sure. There Some people may assume"}, {"start": "00:09:32", "end": "00:09:35", "text": "wrongly that we're talking about the"}, {"start": "00:09:34", "end": "00:09:37", "text": "next few weeks. No, this could take some"}, {"start": "00:09:35", "end": "00:09:38", "text": "months. But you're right, Bob. I mean,"}, {"start": "00:09:37", "end": "00:09:40", "text": "we could potentially reach that level"}, {"start": "00:09:38", "end": "00:09:44", "text": "sometime in the next 6 to 12 months."}, {"start": "00:09:40", "end": "00:09:45", "text": ">> It took 16 years to to go up. So, it's"}, {"start": "00:09:44", "end": "00:09:47", "text": "got plenty of time"}, {"start": "00:09:45", "end": "00:09:49", "text": "to do a corresponding"}, {"start": "00:09:47", "end": "00:09:51", "text": "downside wave of the same degree."}, {"start": "00:09:49", "end": "00:09:53", "text": ">> Yeah. I mean, that's way below some of"}, {"start": "00:09:51", "end": "00:09:54", "text": "the targets I have mentioned and some"}, {"start": "00:09:53", "end": "00:09:56", "text": "people have mentioned, which is 50k."}, {"start": "00:09:54", "end": "00:09:57", "text": ">> That's why I thought I'd show it to you"}, {"start": "00:09:56", "end": "00:09:59", "text": "because I'm sure most people are"}, {"start": "00:09:57", "end": "00:10:00", "text": "thinking that would be insane. But, when"}, {"start": "00:09:59", "end": "00:10:02", "text": "you go strictly by wave structure, and"}, {"start": "00:10:00", "end": "00:10:04", "text": "the wonderful thing about the wave"}, {"start": "00:10:02", "end": "00:10:08", "text": "principle as only points out very often"}, {"start": "00:10:04", "end": "00:10:10", "text": "is it's picture static. The amount of"}, {"start": "00:10:08", "end": "00:10:12", "text": "price and the amount of time are"}, {"start": "00:10:10", "end": "00:10:14", "text": "irrelevant. It's It's all based on form."}, {"start": "00:10:12", "end": "00:10:16", "text": "And we say that that's I think paragraph"}, {"start": "00:10:14", "end": "00:10:18", "text": "one in Elliott Wave Principle that Frost"}, {"start": "00:10:16", "end": "00:10:21", "text": "and I wrote back in 1978. It's all about"}, {"start": "00:10:18", "end": "00:10:23", "text": "form. So, if this is a completed form,"}, {"start": "00:10:21", "end": "00:10:23", "text": "it should follow the the guidelines of"}, {"start": "00:10:23", "end": "00:10:25", "text": "the form."}, {"start": "00:10:23", "end": "00:10:27", "text": ">> I'm I'm glad you brought this up because"}, {"start": "00:10:25", "end": "00:10:29", "text": "there are some people often"}, {"start": "00:10:27", "end": "00:10:30", "text": "who will comment on videos like this"}, {"start": "00:10:29", "end": "00:10:31", "text": "right when we talk about Elliott Waves."}, {"start": "00:10:30", "end": "00:10:33", "text": "Some people often say, \"Oh, well, this"}, {"start": "00:10:31", "end": "00:10:35", "text": "is just astrology like reading tea"}, {"start": "00:10:33", "end": "00:10:37", "text": "leaves.\" But, the truth is I think"}, {"start": "00:10:35", "end": "00:10:39", "text": "people those people don't realize"}, {"start": "00:10:37", "end": "00:10:40", "text": "Elliott Waves are based on fractals or"}, {"start": "00:10:39", "end": "00:10:45", "text": "fractal geometry, which occurs in"}, {"start": "00:10:40", "end": "00:10:46", "text": "nature. So, you see fractals already out"}, {"start": "00:10:45", "end": "00:10:49", "text": "there in nature like the leaves of a"}, {"start": "00:10:46", "end": "00:10:51", "text": "tree where you get self-similarity or"}, {"start": "00:10:49", "end": "00:10:53", "text": "things happening similar things"}, {"start": "00:10:51", "end": "00:10:54", "text": "happening on different scales. The"}, {"start": "00:10:53", "end": "00:10:56", "text": "leaves of a tree is a good example, but"}, {"start": "00:10:54", "end": "00:10:59", "text": "there are other examples, too, like the"}, {"start": "00:10:56", "end": "00:11:01", "text": "respiratory system in the body where you"}, {"start": "00:10:59", "end": "00:11:02", "text": "see self-similarity on multiple"}, {"start": "00:11:01", "end": "00:11:04", "text": "different scales."}, {"start": "00:11:02", "end": "00:11:06", "text": "And that's what essentially what Elliott"}, {"start": "00:11:04", "end": "00:11:08", "text": "Waves represent. And these fractals"}, {"start": "00:11:06", "end": "00:11:10", "text": "where you got waves within waves within"}, {"start": "00:11:08", "end": "00:11:12", "text": "waves. If you're going to explain why to"}, {"start": "00:11:10", "end": "00:11:13", "text": "people who are watching this video maybe"}, {"start": "00:11:12", "end": "00:11:15", "text": "for the first time, they've never heard"}, {"start": "00:11:13", "end": "00:11:16", "text": "of Elliott Waves before, what is the"}, {"start": "00:11:15", "end": "00:11:18", "text": "most important thing that you would"}, {"start": "00:11:16", "end": "00:11:18", "text": "convey to them to make them understand"}, {"start": "00:11:18", "end": "00:11:21", "text": "Elliott Waves?"}, {"start": "00:11:18", "end": "00:11:23", "text": ">> I would say human beings in groups,"}, {"start": "00:11:21", "end": "00:11:26", "text": "they're we're very social animals. And"}, {"start": "00:11:23", "end": "00:11:28", "text": "like so much of nature that is shaped by"}, {"start": "00:11:26", "end": "00:11:30", "text": "fractals, I think"}, {"start": "00:11:28", "end": "00:11:35", "text": "what human beings experience in the in"}, {"start": "00:11:30", "end": "00:11:37", "text": "the social realm is shared moods."}, {"start": "00:11:35", "end": "00:11:39", "text": "Those moods fluctuate and I believe they"}, {"start": "00:11:37", "end": "00:11:41", "text": "fluctuate in a fractal form and that's"}, {"start": "00:11:39", "end": "00:11:43", "text": "the form that R.N. Elliott discovered"}, {"start": "00:11:41", "end": "00:11:46", "text": "back in the 1930s. Originally it was"}, {"start": "00:11:43", "end": "00:11:47", "text": "applied only to stock price changes and"}, {"start": "00:11:46", "end": "00:11:49", "text": "people were you know, how does that make"}, {"start": "00:11:47", "end": "00:11:50", "text": "sense?"}, {"start": "00:11:49", "end": "00:11:53", "text": "Um what I've done is expanded it and I"}, {"start": "00:11:50", "end": "00:11:56", "text": "said, \"Look, this is a social mood"}, {"start": "00:11:53", "end": "00:11:59", "text": "fluctuating and one of the"}, {"start": "00:11:56", "end": "00:12:01", "text": "results of increasingly positive social"}, {"start": "00:11:59", "end": "00:12:03", "text": "mood is that people tend to bid stocks"}, {"start": "00:12:01", "end": "00:12:04", "text": "higher. And when social mood trends"}, {"start": "00:12:03", "end": "00:12:06", "text": "negative, they tend to bid them lower,"}, {"start": "00:12:04", "end": "00:12:08", "text": "but they also do a lot of other things."}, {"start": "00:12:06", "end": "00:12:09", "text": "They start expanding their businesses"}, {"start": "00:12:08", "end": "00:12:10", "text": "for example when when they're getting"}, {"start": "00:12:09", "end": "00:12:13", "text": "they're feeling better and they're"}, {"start": "00:12:10", "end": "00:12:15", "text": "feeling more optimistic and so forth."}, {"start": "00:12:13", "end": "00:12:18", "text": "They want to see certain types of"}, {"start": "00:12:15", "end": "00:12:22", "text": "movies, maybe romantic movies and happy"}, {"start": "00:12:18", "end": "00:12:25", "text": "films and comedies and ones with heroes"}, {"start": "00:12:22", "end": "00:12:27", "text": "and happier music such as we heard in"}, {"start": "00:12:25", "end": "00:12:29", "text": "the '60s or the '80s. And then when"}, {"start": "00:12:27", "end": "00:12:30", "text": "times are the other direction, when"}, {"start": "00:12:29", "end": "00:12:32", "text": "there's a little more pessimism, they're"}, {"start": "00:12:30", "end": "00:12:34", "text": "not just bidding stocks down. It's not"}, {"start": "00:12:32", "end": "00:12:35", "text": "the only thing people do in life. They"}, {"start": "00:12:34", "end": "00:12:37", "text": "do all kinds of other things and they're"}, {"start": "00:12:35", "end": "00:12:38", "text": "listening more to more morose music."}, {"start": "00:12:37", "end": "00:12:39", "text": "They're"}, {"start": "00:12:38", "end": "00:12:41", "text": "watching movies that don't have any"}, {"start": "00:12:39", "end": "00:12:44", "text": "heroes in them and so forth. Uh so"}, {"start": "00:12:41", "end": "00:12:46", "text": "there's all kinds of social um"}, {"start": "00:12:44", "end": "00:12:48", "text": "manifestations of these fluctuations in"}, {"start": "00:12:46", "end": "00:12:50", "text": "social mood. The difference between my"}, {"start": "00:12:48", "end": "00:12:53", "text": "theory and every economist's theory is"}, {"start": "00:12:50", "end": "00:12:57", "text": "that mine is a theory of endogenous,"}, {"start": "00:12:53", "end": "00:12:59", "text": "internally regulated uh shifts in mood,"}, {"start": "00:12:57", "end": "00:13:02", "text": "whereas everybody else thinks the market"}, {"start": "00:12:59", "end": "00:13:04", "text": "is is hit from the outside like a like a"}, {"start": "00:13:02", "end": "00:13:04", "text": "mechanistic system."}, {"start": "00:13:04", "end": "00:13:06", "text": ">> Oh, yeah."}, {"start": "00:13:04", "end": "00:13:08", "text": ">> Yeah, interest rate changes and so"}, {"start": "00:13:06", "end": "00:13:11", "text": "people change their minds. In my my"}, {"start": "00:13:08", "end": "00:13:13", "text": "opinion is that is irrelevant. Uh all"}, {"start": "00:13:11", "end": "00:13:15", "text": "these fluctuations are natural and what"}, {"start": "00:13:13", "end": "00:13:17", "text": "we see and what we're tracking, what you"}, {"start": "00:13:15", "end": "00:13:18", "text": "and I are tracking are the results, not"}, {"start": "00:13:17", "end": "00:13:19", "text": "the causes."}, {"start": "00:13:18", "end": "00:13:20", "text": ">> You're absolutely correct. A lot of"}, {"start": "00:13:19", "end": "00:13:22", "text": "people don't actually don't understand"}, {"start": "00:13:20", "end": "00:13:24", "text": "this. They think that there has to be"}, {"start": "00:13:22", "end": "00:13:26", "text": "some mechanistic explanation for why"}, {"start": "00:13:24", "end": "00:13:28", "text": "markets move in a specific direction."}, {"start": "00:13:26", "end": "00:13:30", "text": "There has to be some news event or some"}, {"start": "00:13:28", "end": "00:13:32", "text": "fundamental factor. Whereas actually"}, {"start": "00:13:30", "end": "00:13:33", "text": "what you're saying is no, markets are"}, {"start": "00:13:32", "end": "00:13:36", "text": "driven by human behavior, human"}, {"start": "00:13:33", "end": "00:13:38", "text": "psychology, sentiment, social mood as"}, {"start": "00:13:36", "end": "00:13:40", "text": "you call it in your books. Because human"}, {"start": "00:13:38", "end": "00:13:42", "text": "social mood and psychology follows a"}, {"start": "00:13:40", "end": "00:13:45", "text": "fractal patterns as well, this leaves a"}, {"start": "00:13:42", "end": "00:13:47", "text": "mark essentially on the charts. Because"}, {"start": "00:13:45", "end": "00:13:49", "text": "when people take action, when people do"}, {"start": "00:13:47", "end": "00:13:52", "text": "things, buy and sell, their behavior"}, {"start": "00:13:49", "end": "00:13:54", "text": "itself causes leaves patterns, leaves"}, {"start": "00:13:52", "end": "00:13:55", "text": "marks, which has a fractal pattern to"}, {"start": "00:13:54", "end": "00:13:57", "text": "it, which is what we see"}, {"start": "00:13:55", "end": "00:13:59", "text": "on the charts. I'm hoping I can get"}, {"start": "00:13:57", "end": "00:14:02", "text": ">> actually there have actually been three"}, {"start": "00:13:59", "end": "00:14:05", "text": "very comprehensive academic studies"}, {"start": "00:14:02", "end": "00:14:07", "text": "about the connection between news events"}, {"start": "00:14:05", "end": "00:14:10", "text": "and and the stock market's movements."}, {"start": "00:14:07", "end": "00:14:13", "text": "And all three of them concluded very"}, {"start": "00:14:10", "end": "00:14:15", "text": "emphatically that they could not"}, {"start": "00:14:13", "end": "00:14:16", "text": "attribute big moves in the market to"}, {"start": "00:14:15", "end": "00:14:16", "text": "news."}, {"start": "00:14:16", "end": "00:14:18", "text": ">> Yes."}, {"start": "00:14:16", "end": "00:14:20", "text": ">> News would come out and and the market"}, {"start": "00:14:18", "end": "00:14:22", "text": "was unpredictable about what it would do"}, {"start": "00:14:20", "end": "00:14:24", "text": "next. And also the big moves in the"}, {"start": "00:14:22", "end": "00:14:27", "text": "market didn't necessarily coincide with"}, {"start": "00:14:24", "end": "00:14:29", "text": "news. And and I I talk about those"}, {"start": "00:14:27", "end": "00:14:31", "text": "studies in socionomic theory of finance,"}, {"start": "00:14:29", "end": "00:14:32", "text": "that book that you mentioned."}, {"start": "00:14:31", "end": "00:14:34", "text": ">> Yes."}, {"start": "00:14:32", "end": "00:14:36", "text": ">> ignore it because news is plentiful."}, {"start": "00:14:34", "end": "00:14:38", "text": "News comes out all day long, all week"}, {"start": "00:14:36", "end": "00:14:40", "text": "long, all month long, all year long, and"}, {"start": "00:14:38", "end": "00:14:41", "text": "the market fluctuates all during this"}, {"start": "00:14:40", "end": "00:14:43", "text": "time. And every now and then they"}, {"start": "00:14:41", "end": "00:14:45", "text": "coincide. People say, \"Oh, that caused"}, {"start": "00:14:43", "end": "00:14:47", "text": "it.\" But it's all the times it doesn't"}, {"start": "00:14:45", "end": "00:14:49", "text": "cause it that they're not focusing on."}, {"start": "00:14:47", "end": "00:14:51", "text": "And when you do a study you find that"}, {"start": "00:14:49", "end": "00:14:53", "text": "you just can't rely on news. In fact,"}, {"start": "00:14:51", "end": "00:14:55", "text": "I'm much happier when the market moves"}, {"start": "00:14:53", "end": "00:14:58", "text": "on no news or maybe it goes down on good"}, {"start": "00:14:55", "end": "00:15:01", "text": "news or up on bad news because it's it's"}, {"start": "00:14:58", "end": "00:15:04", "text": "clear that the psychology is in charge."}, {"start": "00:15:01", "end": "00:15:05", "text": ">> Yes, that's right. Right now, Bitcoin"}, {"start": "00:15:04", "end": "00:15:08", "text": "after a drop, I mean even at current"}, {"start": "00:15:05", "end": "00:15:09", "text": "prices, Bitcoin seems to be a little bit"}, {"start": "00:15:08", "end": "00:15:11", "text": "still oversold. I mean, don't get me"}, {"start": "00:15:09", "end": "00:15:12", "text": "wrong here. I'm not I'm not saying that"}, {"start": "00:15:11", "end": "00:15:15", "text": "it cannot go lower even though it's"}, {"start": "00:15:12", "end": "00:15:17", "text": "oversold, it can. But do you see a"}, {"start": "00:15:15", "end": "00:15:20", "text": "potential for short-term bounce?"}, {"start": "00:15:17", "end": "00:15:22", "text": "Maybe back up to 70k or 80k before then"}, {"start": "00:15:20", "end": "00:15:24", "text": "it plunges. Because sometimes there's a"}, {"start": "00:15:22", "end": "00:15:26", "text": "kind of back and fill before the trend"}, {"start": "00:15:24", "end": "00:15:27", "text": "the downtrend continues."}, {"start": "00:15:26", "end": "00:15:28", "text": "Do you see that happening?"}, {"start": "00:15:27", "end": "00:15:31", "text": ">> Yeah, I'm not going to try to call"}, {"start": "00:15:28", "end": "00:15:33", "text": "anything short-term because people, you"}, {"start": "00:15:31", "end": "00:15:35", "text": "know, take it to heart and they might"}, {"start": "00:15:33", "end": "00:15:38", "text": "bet on it. But we do have, you know, we"}, {"start": "00:15:35", "end": "00:15:40", "text": "have a 24-hour crypto service. If If"}, {"start": "00:15:38", "end": "00:15:42", "text": "that's the thing, just go to"}, {"start": "00:15:40", "end": "00:15:43", "text": "elliottwave.com and and click on our"}, {"start": "00:15:42", "end": "00:15:45", "text": "crypto button and and you'll find what"}, {"start": "00:15:43", "end": "00:15:47", "text": "we what we offer. I've got guys that"}, {"start": "00:15:45", "end": "00:15:48", "text": "dedicate their lives,"}, {"start": "00:15:47", "end": "00:15:50", "text": "you know, to calling the short-term and"}, {"start": "00:15:48", "end": "00:15:52", "text": "intermediate-term moves in Bitcoin."}, {"start": "00:15:50", "end": "00:15:55", "text": ">> the wave four in parentheses there at"}, {"start": "00:15:52", "end": "00:15:57", "text": "3,500. Do you actually think that's in"}, {"start": "00:15:55", "end": "00:15:59", "text": "the next few years we could actually see"}, {"start": "00:15:57", "end": "00:16:00", "text": "Bitcoin that low? For some people it'll"}, {"start": "00:15:59", "end": "00:16:02", "text": "be a great thing because they think,"}, {"start": "00:16:00", "end": "00:16:04", "text": "\"Okay, it'll be cheaper to buy at"}, {"start": "00:16:02", "end": "00:16:06", "text": "3,500.\" Some people will see it as a"}, {"start": "00:16:04", "end": "00:16:08", "text": "disaster. Maybe if people watching this"}, {"start": "00:16:06", "end": "00:16:09", "text": "video on YouTube,"}, {"start": "00:16:08", "end": "00:16:10", "text": "uh if people could maybe type your"}, {"start": "00:16:09", "end": "00:16:12", "text": "comments and let me know what you think."}, {"start": "00:16:10", "end": "00:16:14", "text": "Would it be a disaster for you or would"}, {"start": "00:16:12", "end": "00:16:15", "text": "it be a great opportunity for you? Let"}, {"start": "00:16:14", "end": "00:16:18", "text": "Let us know in the comments."}, {"start": "00:16:15", "end": "00:16:19", "text": ">> What we don't know is what the true"}, {"start": "00:16:18", "end": "00:16:20", "text": "future of Bitcoin is."}, {"start": "00:16:19", "end": "00:16:22", "text": ">> Yeah."}, {"start": "00:16:20", "end": "00:16:23", "text": ">> And uncertainty is"}, {"start": "00:16:22", "end": "00:16:27", "text": "that that is the"}, {"start": "00:16:23", "end": "00:16:28", "text": "the driving element of financial"}, {"start": "00:16:27", "end": "00:16:29", "text": "markets."}, {"start": "00:16:28", "end": "00:16:31", "text": "And when people are uncertain, they"}, {"start": "00:16:29", "end": "00:16:33", "text": "start betting with their emotional side,"}, {"start": "00:16:31", "end": "00:16:35", "text": "not their rational side. And that's why"}, {"start": "00:16:33", "end": "00:16:36", "text": "markets fluctuate in Elliott waves."}, {"start": "00:16:35", "end": "00:16:39", "text": "There's always uncertainty."}, {"start": "00:16:36", "end": "00:16:41", "text": "Now, at the top, there was so much"}, {"start": "00:16:39", "end": "00:16:42", "text": "absolute bullish certainty. It was"}, {"start": "00:16:41", "end": "00:16:46", "text": "incredible. Even the United States"}, {"start": "00:16:42", "end": "00:16:47", "text": "government got behind cryptocurrencies."}, {"start": "00:16:46", "end": "00:16:49", "text": "I don't recall a time. That's been a"}, {"start": "00:16:47", "end": "00:16:50", "text": "long time since that happened. So, it's"}, {"start": "00:16:49", "end": "00:16:53", "text": "a very rare thing. And it shows you the"}, {"start": "00:16:50", "end": "00:16:55", "text": "extent of the optimism, uh not only"}, {"start": "00:16:53", "end": "00:16:56", "text": "broad but deep. Some One of these"}, {"start": "00:16:55", "end": "00:16:58", "text": "earlier corrections, I forget which one."}, {"start": "00:16:56", "end": "00:17:02", "text": "It might have been this one back here or"}, {"start": "00:16:58", "end": "00:17:05", "text": "possibly this one here back in 2015,"}, {"start": "00:17:02", "end": "00:17:07", "text": "2014, 2015. Um Chuck Schumer came out"}, {"start": "00:17:05", "end": "00:17:09", "text": "and said he wanted to ban Bitcoin or"}, {"start": "00:17:07", "end": "00:17:10", "text": "something like that. People got all"}, {"start": "00:17:09", "end": "00:17:12", "text": "scared and they said, \"Oh, the"}, {"start": "00:17:10", "end": "00:17:14", "text": "government's going to quash Bitcoin.\""}, {"start": "00:17:12", "end": "00:17:16", "text": "That's the kind of thinking that gives"}, {"start": "00:17:14", "end": "00:17:16", "text": "you a buying opportunity, right?"}, {"start": "00:17:16", "end": "00:17:17", "text": ">> Yes. Yes."}, {"start": "00:17:16", "end": "00:17:18", "text": ">> We don't have that here."}, {"start": "00:17:17", "end": "00:17:19", "text": ">> Well, thank you very much for that. I"}, {"start": "00:17:18", "end": "00:17:21", "text": "really appreciate it. Guys, go ahead and"}, {"start": "00:17:19", "end": "00:17:22", "text": "check out Bob's phenomenal offer, which"}, {"start": "00:17:21", "end": "00:17:24", "text": "he has for you for the Elliott Wave"}, {"start": "00:17:22", "end": "00:17:26", "text": "International Newsletter. You get access"}, {"start": "00:17:24", "end": "00:17:28", "text": "to Bob's Elliott Wave Theorist, as well"}, {"start": "00:17:26", "end": "00:17:30", "text": "as the short-term forecast, and also the"}, {"start": "00:17:28", "end": "00:17:33", "text": "financial forecast, all for 1 month for"}, {"start": "00:17:30", "end": "00:17:34", "text": "only $11. The link for the special offer"}, {"start": "00:17:33", "end": "00:17:37", "text": "and discount is right there for you. So,"}, {"start": "00:17:34", "end": "00:17:38", "text": "that's elliottwave.com/alessio."}, {"start": "00:17:37", "end": "00:17:40", "text": "I'll put the link for you guys in the"}, {"start": "00:17:38", "end": "00:17:41", "text": "description. Go ahead and check it out."}, {"start": "00:17:40", "end": "00:17:43", "text": "I think it's a great offer, and you can"}, {"start": "00:17:41", "end": "00:17:44", "text": "actually test drive Bob's uh newsletter,"}, {"start": "00:17:43", "end": "00:17:47", "text": "and you can try it out, check it out. I"}, {"start": "00:17:44", "end": "00:17:48", "text": "think like it. I myself uh by the way,"}, {"start": "00:17:47", "end": "00:17:50", "text": "Bob, I read your newsletter every month"}, {"start": "00:17:48", "end": "00:17:51", "text": "when it comes out, when you put out the"}, {"start": "00:17:50", "end": "00:17:52", "text": "updates. It's phenomenal, it's"}, {"start": "00:17:51", "end": "00:17:53", "text": "fantastic. Yeah, guys, go ahead and"}, {"start": "00:17:52", "end": "00:17:55", "text": "check it out. The link again is in the"}, {"start": "00:17:53", "end": "00:17:57", "text": "description. Again, that's"}, {"start": "00:17:55", "end": "00:17:58", "text": "elliottwave.com/alessio."}, {"start": "00:17:57", "end": "00:17:59", "text": "Thanks very much, Bob. Really appreciate"}, {"start": "00:17:58", "end": "00:18:02", "text": "it."}, {"start": "00:17:59", "end": "00:18:02", "text": ">> Yeah, it's been fun."}, {"start": "00:18:03", "end": "00:18:05", "text": ">> [music]"}]

[{"start": "00:00:00", "end": "00:00:02", "text": "How does Leslie hope you're well? So, in"}, {"start": "00:00:01", "end": "00:00:03", "text": "this video we'll have a look at the"}, {"start": "00:00:02", "end": "00:00:05", "text": "chart of SpaceX. I'm sure many of you"}, {"start": "00:00:03", "end": "00:00:07", "text": "watching this video have an interest in"}, {"start": "00:00:05", "end": "00:00:09", "text": "SpaceX, as do I by the way. So, I've"}, {"start": "00:00:07", "end": "00:00:10", "text": "been closely watching the stock and as"}, {"start": "00:00:09", "end": "00:00:12", "text": "I'm sure some of you remember, on the"}, {"start": "00:00:10", "end": "00:00:15", "text": "day that SpaceX launched, on the day of"}, {"start": "00:00:12", "end": "00:00:17", "text": "the IPO, we issued a major warning about"}, {"start": "00:00:15", "end": "00:00:19", "text": "SpaceX, which I'll mention again in this"}, {"start": "00:00:17", "end": "00:00:21", "text": "video and will explain what potentially"}, {"start": "00:00:19", "end": "00:00:22", "text": "could happen to SpaceX in the next"}, {"start": "00:00:21", "end": "00:00:24", "text": "several weeks and months and what needs"}, {"start": "00:00:22", "end": "00:00:26", "text": "to happen before we can see a bottom on"}, {"start": "00:00:24", "end": "00:00:28", "text": "the [music] stock. All right, guys, join"}, {"start": "00:00:26", "end": "00:00:28", "text": "me."}, {"start": "00:00:30", "end": "00:00:32", "text": "All right, guys, welcome back and thanks"}, {"start": "00:00:31", "end": "00:00:34", "text": "so much indeed for watching my videos."}, {"start": "00:00:32", "end": "00:00:36", "text": "If you haven't yet subscribed, please do"}, {"start": "00:00:34", "end": "00:00:37", "text": "so. Let's dig into the chart of SpaceX."}, {"start": "00:00:36", "end": "00:00:39", "text": "So, as you may recall, on the day of the"}, {"start": "00:00:37", "end": "00:00:40", "text": "IPO,"}, {"start": "00:00:39", "end": "00:00:42", "text": "uh I was actually talking with my good"}, {"start": "00:00:40", "end": "00:00:43", "text": "friend and trader Manuel Blay. And some"}, {"start": "00:00:42", "end": "00:00:45", "text": "of you probably watched that video, but"}, {"start": "00:00:43", "end": "00:00:47", "text": "on that day, before even the stock"}, {"start": "00:00:45", "end": "00:00:48", "text": "officially launched, we made this major"}, {"start": "00:00:47", "end": "00:00:51", "text": "warning, which I'll play for you right"}, {"start": "00:00:48", "end": "00:00:54", "text": "now. In the past, when we see tech IPOs"}, {"start": "00:00:51", "end": "00:00:57", "text": "come out, price typically tends to drop"}, {"start": "00:00:54", "end": "00:00:59", "text": "in the initial stages of a new tech IPO."}, {"start": "00:00:57", "end": "00:01:03", "text": "My personal view is that I'm very"}, {"start": "00:00:59", "end": "00:01:05", "text": "cautious when a new technology IPO comes"}, {"start": "00:01:03", "end": "00:01:05", "text": "out and the new one, for example,"}, {"start": "00:01:05", "end": "00:01:08", "text": "SpaceX."}, {"start": "00:01:05", "end": "00:01:09", "text": ">> No, I'm not going to buy SpaceX."}, {"start": "00:01:08", "end": "00:01:11", "text": ">> So, you're not one of these guys who as"}, {"start": "00:01:09", "end": "00:01:12", "text": "soon as the IPO comes in the market, you"}, {"start": "00:01:11", "end": "00:01:13", "text": "go ahead and buy it. I think a lot of"}, {"start": "00:01:12", "end": "00:01:15", "text": "people do that."}, {"start": "00:01:13", "end": "00:01:16", "text": ">> You shouldn't follow narratives."}, {"start": "00:01:15", "end": "00:01:18", "text": ">> Sometimes a stock may come on the"}, {"start": "00:01:16", "end": "00:01:20", "text": "market, you know, an IPO,"}, {"start": "00:01:18", "end": "00:01:23", "text": "and initially it may do well, but"}, {"start": "00:01:20", "end": "00:01:24", "text": "overall, over the next several months"}, {"start": "00:01:23", "end": "00:01:27", "text": "after the initial rally, they tend to"}, {"start": "00:01:24", "end": "00:01:29", "text": "drop and actually go below the levels uh"}, {"start": "00:01:27", "end": "00:01:31", "text": "the initial price action."}, {"start": "00:01:29", "end": "00:01:32", "text": ">> That is why I am rather skeptical and"}, {"start": "00:01:31", "end": "00:01:34", "text": "I'm going to do the same thing as you."}, {"start": "00:01:32", "end": "00:01:35", "text": "I'm not just going to just jump in."}, {"start": "00:01:34", "end": "00:01:37", "text": ">> All right, guys, as you heard, we both"}, {"start": "00:01:35", "end": "00:01:39", "text": "were saying, \"Look, we're skeptical. We"}, {"start": "00:01:37", "end": "00:01:41", "text": "have to be cautious because typically"}, {"start": "00:01:39", "end": "00:01:43", "text": "most tech IPOs underperform in their"}, {"start": "00:01:41", "end": "00:01:45", "text": "initial stages.\" And by the way, if you"}, {"start": "00:01:43", "end": "00:01:46", "text": "watch my member videos, then you"}, {"start": "00:01:45", "end": "00:01:49", "text": "probably remember in late June and also"}, {"start": "00:01:46", "end": "00:01:50", "text": "in early July, I made another warning"}, {"start": "00:01:49", "end": "00:01:52", "text": "about SpaceX, especially when it broke"}, {"start": "00:01:50", "end": "00:01:55", "text": "support. Let's listen to this and we'll"}, {"start": "00:01:52", "end": "00:01:57", "text": "come back. Usually most tech IPOs tend"}, {"start": "00:01:55", "end": "00:02:00", "text": "to drop again in their initial stages,"}, {"start": "00:01:57", "end": "00:02:03", "text": "using the first 3 to 6 months, to about"}, {"start": "00:02:00", "end": "00:02:04", "text": "50% of their highs following the IPO."}, {"start": "00:02:03", "end": "00:02:08", "text": "And we can see the highs at this level"}, {"start": "00:02:04", "end": "00:02:10", "text": "here, about 226. And as we know, if we"}, {"start": "00:02:08", "end": "00:02:13", "text": "divide 226 by 2, that gives us this"}, {"start": "00:02:10", "end": "00:02:16", "text": "level here at approximately, yeah,"}, {"start": "00:02:13", "end": "00:02:17", "text": "112.82."}, {"start": "00:02:16", "end": "00:02:20", "text": "And that is a potential level that"}, {"start": "00:02:17", "end": "00:02:21", "text": "SpaceX could drop towards if support"}, {"start": "00:02:20", "end": "00:02:24", "text": "were to break. It's finally managed to"}, {"start": "00:02:21", "end": "00:02:26", "text": "break that important support region. By"}, {"start": "00:02:24", "end": "00:02:28", "text": "doing this, it has increased downside"}, {"start": "00:02:26", "end": "00:02:30", "text": "risk towards the lower support levels."}, {"start": "00:02:28", "end": "00:02:32", "text": "As long as SpaceX remains below this"}, {"start": "00:02:30", "end": "00:02:34", "text": "resistance, downside risk has increased"}, {"start": "00:02:32", "end": "00:02:38", "text": "and there's potential for a drop into"}, {"start": "00:02:34", "end": "00:02:41", "text": "the region between 141 to 134 and"}, {"start": "00:02:38", "end": "00:02:42", "text": "potentially even lower to the 124 to 123"}, {"start": "00:02:41", "end": "00:02:44", "text": "region there. All right, guys, thank you"}, {"start": "00:02:42", "end": "00:02:46", "text": "for watching that. So, as you heard, in"}, {"start": "00:02:44", "end": "00:02:48", "text": "late June, when SpaceX began to break"}, {"start": "00:02:46", "end": "00:02:50", "text": "the support level, as you see there near"}, {"start": "00:02:48", "end": "00:02:52", "text": "150 or 149,"}, {"start": "00:02:50", "end": "00:02:53", "text": "that was an initial warning that"}, {"start": "00:02:52", "end": "00:02:55", "text": "something is not quite right, because by"}, {"start": "00:02:53", "end": "00:02:57", "text": "breaking that support, typically the"}, {"start": "00:02:55", "end": "00:02:59", "text": "price of most tech IPOs would drop down"}, {"start": "00:02:57", "end": "00:03:01", "text": "to about 50% from their highs. And of"}, {"start": "00:02:59", "end": "00:03:04", "text": "course, as you heard in the video, if we"}, {"start": "00:03:01", "end": "00:03:06", "text": "take the highs here on SpaceX, which"}, {"start": "00:03:04", "end": "00:03:08", "text": "occurred in June, which was about 225 to"}, {"start": "00:03:06", "end": "00:03:10", "text": "226, if we divide it by 2, that would"}, {"start": "00:03:08", "end": "00:03:12", "text": "give us this important level, which you"}, {"start": "00:03:10", "end": "00:03:15", "text": "can see uh highlighted here on my chart,"}, {"start": "00:03:12", "end": "00:03:17", "text": "112 or 113. I had another level above"}, {"start": "00:03:15", "end": "00:03:19", "text": "this as well, by 123, which we also"}, {"start": "00:03:17", "end": "00:03:21", "text": "reached. But the bottom line is, it's"}, {"start": "00:03:19", "end": "00:03:22", "text": "come down to the key support level that"}, {"start": "00:03:21", "end": "00:03:25", "text": "I mentioned several weeks ago, back in"}, {"start": "00:03:22", "end": "00:03:27", "text": "June, based on the fact that most tech"}, {"start": "00:03:25", "end": "00:03:29", "text": "IPOs usually drop by about 50% from"}, {"start": "00:03:27", "end": "00:03:31", "text": "their highs. Now, let me also say this,"}, {"start": "00:03:29", "end": "00:03:32", "text": "that this is by no means a surprise,"}, {"start": "00:03:31", "end": "00:03:34", "text": "because if you watch my previous video"}, {"start": "00:03:32", "end": "00:03:35", "text": "with Manuel Blay, then you remember I"}, {"start": "00:03:34", "end": "00:03:37", "text": "actually mentioned this particular"}, {"start": "00:03:35", "end": "00:03:38", "text": "chart. This is Rocket Lab, and according"}, {"start": "00:03:37", "end": "00:03:40", "text": "to some experts, Rocket Lab is probably"}, {"start": "00:03:38", "end": "00:03:42", "text": "the closest comparable we have to"}, {"start": "00:03:40", "end": "00:03:44", "text": "SpaceX. And as you can see here what"}, {"start": "00:03:42", "end": "00:03:46", "text": "happened to Rocket Lab, yeah, so you can"}, {"start": "00:03:44", "end": "00:03:48", "text": "see that after its initial launch, the"}, {"start": "00:03:46", "end": "00:03:50", "text": "IPO, it reached a high here, uh as you"}, {"start": "00:03:48", "end": "00:03:52", "text": "can see, just above 18, and then it"}, {"start": "00:03:50", "end": "00:03:56", "text": "dropped down. Yeah, it took out the"}, {"start": "00:03:52", "end": "00:03:57", "text": "previous IPO price. It dropped below 10"}, {"start": "00:03:56", "end": "00:03:59", "text": "and managed to go quite significantly"}, {"start": "00:03:57", "end": "00:04:01", "text": "lower. And then, of course, eventually"}, {"start": "00:03:59", "end": "00:04:02", "text": "the stock bottomed out and then rallied."}, {"start": "00:04:01", "end": "00:04:04", "text": "Here's another one. This is Meta or"}, {"start": "00:04:02", "end": "00:04:06", "text": "Facebook when it launched. So, the IPO"}, {"start": "00:04:04", "end": "00:04:08", "text": "you can see underperformed significantly"}, {"start": "00:04:06", "end": "00:04:09", "text": "in its again initial stages. And then"}, {"start": "00:04:08", "end": "00:04:11", "text": "eventually managed to bottom out and"}, {"start": "00:04:09", "end": "00:04:13", "text": "recover. There's also another example"}, {"start": "00:04:11", "end": "00:04:14", "text": "here with Baba. When the IPO launched"}, {"start": "00:04:13", "end": "00:04:16", "text": "again, initially it didn't do quite"}, {"start": "00:04:14", "end": "00:04:18", "text": "well. And you can see it dropped quite"}, {"start": "00:04:16", "end": "00:04:20", "text": "significantly and then eventually"}, {"start": "00:04:18", "end": "00:04:21", "text": "bottomed out and then rallied. So, as"}, {"start": "00:04:20", "end": "00:04:23", "text": "you can see, this is the reason why"}, {"start": "00:04:21", "end": "00:04:25", "text": "Manuel Blay and I were quite skeptical"}, {"start": "00:04:23", "end": "00:04:28", "text": "and again urging caution that again we"}, {"start": "00:04:25", "end": "00:04:30", "text": "should always be extremely careful with"}, {"start": "00:04:28", "end": "00:04:31", "text": "tech IPOs because again usually they"}, {"start": "00:04:30", "end": "00:04:33", "text": "don't do very well in their initial"}, {"start": "00:04:31", "end": "00:04:35", "text": "stages. Now, I think that eventually"}, {"start": "00:04:33", "end": "00:04:37", "text": "SpaceX, once it bottoms out and"}, {"start": "00:04:35", "end": "00:04:39", "text": "recovers, I think in the longer term"}, {"start": "00:04:37", "end": "00:04:40", "text": "it'll probably do well. Again, we cannot"}, {"start": "00:04:39", "end": "00:04:42", "text": "predict the future, but I think there's"}, {"start": "00:04:40", "end": "00:04:44", "text": "potential or scope for SpaceX in the"}, {"start": "00:04:42", "end": "00:04:46", "text": "again in the longer term, the span of"}, {"start": "00:04:44", "end": "00:04:47", "text": "the next 5 to 10 years, to do quite"}, {"start": "00:04:46", "end": "00:04:50", "text": "well. But as you can see here, in the"}, {"start": "00:04:47", "end": "00:04:51", "text": "short term, SpaceX is pretty much"}, {"start": "00:04:50", "end": "00:04:53", "text": "followed the same script, the same kind"}, {"start": "00:04:51", "end": "00:04:56", "text": "of pattern we see on tech IPOs. It has"}, {"start": "00:04:53", "end": "00:04:58", "text": "not done very well. It has dropped below"}, {"start": "00:04:56", "end": "00:05:00", "text": "its initial IPO price. It has dropped"}, {"start": "00:04:58", "end": "00:05:02", "text": "down to the 50% level here as mentioned"}, {"start": "00:05:00", "end": "00:05:04", "text": "earlier. And at the moment it seems to"}, {"start": "00:05:02", "end": "00:05:06", "text": "be holding that level. Although I should"}, {"start": "00:05:04", "end": "00:05:08", "text": "add that at the moment there is still no"}, {"start": "00:05:06", "end": "00:05:11", "text": "bottoming structure. Again, there's no"}, {"start": "00:05:08", "end": "00:05:13", "text": "sign of a bottom as yet. Although if we"}, {"start": "00:05:11", "end": "00:05:14", "text": "actually do this, if we go on a lower"}, {"start": "00:05:13", "end": "00:05:16", "text": "time frame chart, let me just show you"}, {"start": "00:05:14", "end": "00:05:18", "text": "this. If we go on the hourly chart of"}, {"start": "00:05:16", "end": "00:05:21", "text": "SpaceX, we can see it's nicely forming a"}, {"start": "00:05:18", "end": "00:05:22", "text": "positive divergence. here, we can see on"}, {"start": "00:05:21", "end": "00:05:24", "text": "the hourly time frame we're seeing a"}, {"start": "00:05:22", "end": "00:05:27", "text": "lower low here on the price, but the"}, {"start": "00:05:24", "end": "00:05:28", "text": "MACD is forming a slight higher low,"}, {"start": "00:05:27", "end": "00:05:30", "text": "which is a good sign. It's a positive"}, {"start": "00:05:28", "end": "00:05:32", "text": "sign that potentially the force of the"}, {"start": "00:05:30", "end": "00:05:34", "text": "downtrend or the drop is likely"}, {"start": "00:05:32", "end": "00:05:36", "text": "weakening. Again, it does not"}, {"start": "00:05:34", "end": "00:05:37", "text": "necessarily mean that we're bottoming"}, {"start": "00:05:36", "end": "00:05:39", "text": "because as I'm sure you know, a"}, {"start": "00:05:37", "end": "00:05:42", "text": "divergence or a positive divergence on"}, {"start": "00:05:39", "end": "00:05:44", "text": "its own is not enough to indicate a"}, {"start": "00:05:42", "end": "00:05:46", "text": "bottom. What we also need in addition to"}, {"start": "00:05:44", "end": "00:05:49", "text": "a divergence to confirm that a bottom is"}, {"start": "00:05:46", "end": "00:05:51", "text": "taking place is a break of resistance."}, {"start": "00:05:49", "end": "00:05:52", "text": "In other words, key resistance. For"}, {"start": "00:05:51", "end": "00:05:54", "text": "example, on SpaceX,"}, {"start": "00:05:52", "end": "00:05:57", "text": "one of the major resistance levels at"}, {"start": "00:05:54", "end": "00:05:58", "text": "the moment, I would say is about 137."}, {"start": "00:05:57", "end": "00:06:00", "text": "Uh this level here. And then above that,"}, {"start": "00:05:58", "end": "00:06:03", "text": "I would say about 149. Now, let's go on"}, {"start": "00:06:00", "end": "00:06:04", "text": "this particular daily chart again. By"}, {"start": "00:06:03", "end": "00:06:05", "text": "the way, guys, if this video is helping"}, {"start": "00:06:04", "end": "00:06:06", "text": "you so far, please like and subscribe."}, {"start": "00:06:05", "end": "00:06:09", "text": "What I'm going to do is I'm going to put"}, {"start": "00:06:06", "end": "00:06:11", "text": "on my chart a regression trend channel,"}, {"start": "00:06:09", "end": "00:06:12", "text": "okay? So, we're going to do it from the"}, {"start": "00:06:11", "end": "00:06:15", "text": "highs here"}, {"start": "00:06:12", "end": "00:06:17", "text": "to the near lows we have recently. And"}, {"start": "00:06:15", "end": "00:06:19", "text": "we can see that the two standard"}, {"start": "00:06:17", "end": "00:06:21", "text": "deviation regression channel, now the"}, {"start": "00:06:19", "end": "00:06:23", "text": "upper part of that regression channel is"}, {"start": "00:06:21", "end": "00:06:27", "text": "about here."}, {"start": "00:06:23", "end": "00:06:29", "text": "So, nearly about 130, just under 137."}, {"start": "00:06:27", "end": "00:06:32", "text": "So, I would say that's the minimum level"}, {"start": "00:06:29", "end": "00:06:33", "text": "that SpaceX has to break if it wants to"}, {"start": "00:06:32", "end": "00:06:36", "text": "show to us that it's bottoming. In other"}, {"start": "00:06:33", "end": "00:06:38", "text": "words, if SpaceX wants to prove to us"}, {"start": "00:06:36", "end": "00:06:40", "text": "that it's going to bottom, it has to at"}, {"start": "00:06:38", "end": "00:06:44", "text": "a minimum break that level, that"}, {"start": "00:06:40", "end": "00:06:47", "text": "resistance, at about 130 to about 137."}, {"start": "00:06:44", "end": "00:06:49", "text": "So, I would say that's the minimum"}, {"start": "00:06:47", "end": "00:06:52", "text": "region of resistance that it has to"}, {"start": "00:06:49", "end": "00:06:54", "text": "break before we see any indication of a"}, {"start": "00:06:52", "end": "00:06:55", "text": "bottoming structure. I would also add,"}, {"start": "00:06:54", "end": "00:06:58", "text": "as I mentioned a few minutes ago, that"}, {"start": "00:06:55", "end": "00:07:01", "text": "it also has to break this level, too. In"}, {"start": "00:06:58", "end": "00:07:03", "text": "other words, the prior lows that it"}, {"start": "00:07:01", "end": "00:07:05", "text": "formed here are now resistance. As we"}, {"start": "00:07:03", "end": "00:07:09", "text": "know, support becomes resistance once it"}, {"start": "00:07:05", "end": "00:07:11", "text": "breaks. So, that level that SpaceX broke"}, {"start": "00:07:09", "end": "00:07:14", "text": "some weeks ago, that is also another"}, {"start": "00:07:11", "end": "00:07:16", "text": "important resistance at about 149, 150."}, {"start": "00:07:14", "end": "00:07:17", "text": "So, if SpaceX can break that level as"}, {"start": "00:07:16", "end": "00:07:19", "text": "well, that would further increase the"}, {"start": "00:07:17", "end": "00:07:21", "text": "probability that a likely bottom is"}, {"start": "00:07:19", "end": "00:07:24", "text": "forming. But as long as SpaceX remains"}, {"start": "00:07:21", "end": "00:07:26", "text": "below that resistance, again 150"}, {"start": "00:07:24", "end": "00:07:28", "text": "approximately, there's still potential"}, {"start": "00:07:26", "end": "00:07:29", "text": "for more downside risk. So, that's the"}, {"start": "00:07:28", "end": "00:07:31", "text": "thing we're watching. And if you look at"}, {"start": "00:07:29", "end": "00:07:34", "text": "this particular chart, you will also"}, {"start": "00:07:31", "end": "00:07:36", "text": "notice that the lower part, so the lower"}, {"start": "00:07:34", "end": "00:07:39", "text": "part of the regression channel, as you"}, {"start": "00:07:36", "end": "00:07:40", "text": "can see here, the lower part of that uh"}, {"start": "00:07:39", "end": "00:07:43", "text": "two standard deviation channel, is about"}, {"start": "00:07:40", "end": "00:07:45", "text": "nearly 100 or just under a hundred. In"}, {"start": "00:07:43", "end": "00:07:48", "text": "other words, if SpaceX, for example,"}, {"start": "00:07:45", "end": "00:07:50", "text": "sees a bounce and then drops again,"}, {"start": "00:07:48", "end": "00:07:52", "text": "let's say SpaceX continues to decline"}, {"start": "00:07:50", "end": "00:07:54", "text": "and drop further lower, then that lower"}, {"start": "00:07:52", "end": "00:07:55", "text": "part of the regression channel, and I"}, {"start": "00:07:54", "end": "00:07:57", "text": "would say a hundred level, that one"}, {"start": "00:07:55", "end": "00:07:59", "text": "hundred level is going to be an"}, {"start": "00:07:57", "end": "00:08:00", "text": "important level of support. It's a"}, {"start": "00:07:59", "end": "00:08:02", "text": "psychological support as well because a"}, {"start": "00:08:00", "end": "00:08:04", "text": "hundred, again, as we know, round"}, {"start": "00:08:02", "end": "00:08:06", "text": "number, uh again, these kind of round"}, {"start": "00:08:04", "end": "00:08:08", "text": "numbers and psychological support levels"}, {"start": "00:08:06", "end": "00:08:10", "text": "can be important. So, we'll have to"}, {"start": "00:08:08", "end": "00:08:12", "text": "watch that level. If SpaceX bounces and"}, {"start": "00:08:10", "end": "00:08:14", "text": "then drops again, that's the level I'll"}, {"start": "00:08:12", "end": "00:08:17", "text": "be watching, nearly about a hundred. I"}, {"start": "00:08:14", "end": "00:08:19", "text": "would be surprised if SpaceX went below"}, {"start": "00:08:17", "end": "00:08:21", "text": "a hundred significantly. It is possible,"}, {"start": "00:08:19", "end": "00:08:24", "text": "of course, but I think there's potential"}, {"start": "00:08:21", "end": "00:08:27", "text": "or scope for SpaceX to hold that level"}, {"start": "00:08:24", "end": "00:08:29", "text": "or at least hold above that level. Uh"}, {"start": "00:08:27", "end": "00:08:30", "text": "because if SpaceX cannot hold a hundred,"}, {"start": "00:08:29", "end": "00:08:32", "text": "then there's even more potential"}, {"start": "00:08:30", "end": "00:08:34", "text": "downside risk. But we'll see. Uh I would"}, {"start": "00:08:32", "end": "00:08:36", "text": "say this also, let's do this as well."}, {"start": "00:08:34", "end": "00:08:38", "text": "So, let's go on the chart and do a"}, {"start": "00:08:36", "end": "00:08:40", "text": "Fibonacci retracement. And then I'm"}, {"start": "00:08:38", "end": "00:08:42", "text": "going to draw the Fibonacci tool, the"}, {"start": "00:08:40", "end": "00:08:45", "text": "retracement tool, from the highs there"}, {"start": "00:08:42", "end": "00:08:49", "text": "to these near lows. And we can see"}, {"start": "00:08:45", "end": "00:08:51", "text": "that the 38.2% Fibonacci retracement is"}, {"start": "00:08:49", "end": "00:08:52", "text": "approximately there at about a hundred"}, {"start": "00:08:51", "end": "00:08:54", "text": "and thirty-four."}, {"start": "00:08:52", "end": "00:08:56", "text": "So, there is potential, perhaps that we"}, {"start": "00:08:54", "end": "00:08:58", "text": "might see a bounce, again, given the"}, {"start": "00:08:56", "end": "00:09:00", "text": "divergence we're seeing on the lower"}, {"start": "00:08:58", "end": "00:09:02", "text": "time frame, the positive divergence."}, {"start": "00:09:00", "end": "00:09:04", "text": "There is potential here for a temporary"}, {"start": "00:09:02", "end": "00:09:06", "text": "bounce, perhaps, to that 38.2% Fibonacci"}, {"start": "00:09:04", "end": "00:09:08", "text": "retracement, which currently is about,"}, {"start": "00:09:06", "end": "00:09:10", "text": "yeah, about a hundred and thirty-four."}, {"start": "00:09:08", "end": "00:09:12", "text": "Uh and by the way, if we get above that,"}, {"start": "00:09:10", "end": "00:09:14", "text": "there's potential into this zone. If we"}, {"start": "00:09:12", "end": "00:09:16", "text": "get above a hundred and thirty-four, we"}, {"start": "00:09:14", "end": "00:09:18", "text": "might see a retracement or a bounce into"}, {"start": "00:09:16", "end": "00:09:19", "text": "this zone. In other words, between a"}, {"start": "00:09:18", "end": "00:09:22", "text": "hundred and thirty-four to about a"}, {"start": "00:09:19", "end": "00:09:23", "text": "hundred and fifty range. Okay? And"}, {"start": "00:09:22", "end": "00:09:25", "text": "again, a hundred and fifty or about a"}, {"start": "00:09:23", "end": "00:09:27", "text": "hundred and forty-nine, as we can see,"}, {"start": "00:09:25", "end": "00:09:29", "text": "is going to be important because the"}, {"start": "00:09:27", "end": "00:09:32", "text": "golden ratio, 61.8% Fibonacci"}, {"start": "00:09:29", "end": "00:09:33", "text": "retracement, is about that level, just"}, {"start": "00:09:32", "end": "00:09:35", "text": "nearly a hundred and forty-eight, a"}, {"start": "00:09:33", "end": "00:09:36", "text": "hundred and forty-nine. So, that's"}, {"start": "00:09:35", "end": "00:09:38", "text": "That's it's going to be an important"}, {"start": "00:09:36", "end": "00:09:40", "text": "level at the moment here, because if"}, {"start": "00:09:38", "end": "00:09:42", "text": "SpaceX can break through that level,"}, {"start": "00:09:40", "end": "00:09:44", "text": "again, the golden ratio retracement in"}, {"start": "00:09:42", "end": "00:09:47", "text": "an impulsive pattern, that could be the"}, {"start": "00:09:44", "end": "00:09:48", "text": "first initial sign that a likely bottom"}, {"start": "00:09:47", "end": "00:09:49", "text": "is forming. So, there are two important"}, {"start": "00:09:48", "end": "00:09:52", "text": "resistance levels I'm watching here on"}, {"start": "00:09:49", "end": "00:09:54", "text": "SpaceX. First, it is at the top of the"}, {"start": "00:09:52", "end": "00:09:56", "text": "regression channel and the 38.2%"}, {"start": "00:09:54", "end": "00:09:57", "text": "retracement. And the one above that is,"}, {"start": "00:09:56", "end": "00:10:00", "text": "as we can see, the golden ratio"}, {"start": "00:09:57", "end": "00:10:01", "text": "retracement and at the prior lows here,"}, {"start": "00:10:00", "end": "00:10:03", "text": "which is now resistance. So, two"}, {"start": "00:10:01", "end": "00:10:04", "text": "important levels of resistance I'm"}, {"start": "00:10:03", "end": "00:10:06", "text": "watching here on SpaceX. And let's see"}, {"start": "00:10:04", "end": "00:10:08", "text": "if SpaceX can break through those levels"}, {"start": "00:10:06", "end": "00:10:10", "text": "in the next several weeks, which would"}, {"start": "00:10:08", "end": "00:10:12", "text": "be the first initial indication of a"}, {"start": "00:10:10", "end": "00:10:14", "text": "bottom. Again, at the moment here, as I"}, {"start": "00:10:12", "end": "00:10:15", "text": "mentioned, at the moment, as yet,"}, {"start": "00:10:14", "end": "00:10:17", "text": "there's no sign of a bottom. So, that"}, {"start": "00:10:15", "end": "00:10:19", "text": "means, despite any bounce we might get"}, {"start": "00:10:17", "end": "00:10:21", "text": "here in the short term, we still have to"}, {"start": "00:10:19", "end": "00:10:23", "text": "remain a bit cautious here. But overall,"}, {"start": "00:10:21", "end": "00:10:24", "text": "that's the chart picture I'm seeing here"}, {"start": "00:10:23", "end": "00:10:26", "text": "on SpaceX. As we can see, it still"}, {"start": "00:10:24", "end": "00:10:29", "text": "remains in a downtrend on this chart"}, {"start": "00:10:26", "end": "00:10:30", "text": "until and unless it breaks through"}, {"start": "00:10:29", "end": "00:10:32", "text": "resistance. All right, you guys, make"}, {"start": "00:10:30", "end": "00:10:33", "text": "sure you also watch the member videos as"}, {"start": "00:10:32", "end": "00:10:34", "text": "I'll be covering the chart of SpaceX as"}, {"start": "00:10:33", "end": "00:10:36", "text": "well as the chart of stock markets,"}, {"start": "00:10:34", "end": "00:10:37", "text": "Bitcoin, and gold. And if you're not a"}, {"start": "00:10:36", "end": "00:10:38", "text": "member, you can join on that link you"}, {"start": "00:10:37", "end": "00:10:41", "text": "see right there. Thank you very much"}, {"start": "00:10:38", "end": "00:10:41", "text": "indeed. Bye for now."}]

[{"start": "00:00:00", "end": "00:00:02", "text": "Hey guys, Allesio. Hope you're well. In"}, {"start": "00:00:01", "end": "00:00:03", "text": "this video, we're going to take a chart"}, {"start": "00:00:02", "end": "00:00:05", "text": "of Bitcoin from a longer term"}, {"start": "00:00:03", "end": "00:00:07", "text": "perspective and explain what is likely"}, {"start": "00:00:05", "end": "00:00:09", "text": "occurring on this chart of Bitcoin on"}, {"start": "00:00:07", "end": "00:00:10", "text": "the longer time frame perspective as"}, {"start": "00:00:09", "end": "00:00:12", "text": "well as this particular chart as well."}, {"start": "00:00:10", "end": "00:00:14", "text": "And we'll explain what the significance"}, {"start": "00:00:12", "end": "00:00:15", "text": "of some key levels are for Bitcoin in"}, {"start": "00:00:14", "end": "00:00:19", "text": "the next several weeks and months. All"}, {"start": "00:00:15", "end": "00:00:19", "text": "right, guys. Join me."}, {"start": "00:00:22", "end": "00:00:24", "text": "All right, guys. Welcome back. Now,"}, {"start": "00:00:23", "end": "00:00:26", "text": "you're probably wondering why I haven't"}, {"start": "00:00:24", "end": "00:00:28", "text": "made a video for some time. Uh, first of"}, {"start": "00:00:26", "end": "00:00:30", "text": "all, the main reason is that I was on"}, {"start": "00:00:28", "end": "00:00:33", "text": "jury service or jury duty for many weeks"}, {"start": "00:00:30", "end": "00:00:35", "text": "back in May. I went in, I was called in"}, {"start": "00:00:33", "end": "00:00:37", "text": "for jury service or jury duty and they"}, {"start": "00:00:35", "end": "00:00:38", "text": "said it would probably last about 2"}, {"start": "00:00:37", "end": "00:00:40", "text": "weeks, but then I found out I had to be"}, {"start": "00:00:38", "end": "00:00:42", "text": "on a case or a trial which lasted seven"}, {"start": "00:00:40", "end": "00:00:43", "text": "weeks. Now, I know some of you probably"}, {"start": "00:00:42", "end": "00:00:45", "text": "thinking, \"Wow, that must have been"}, {"start": "00:00:43", "end": "00:00:46", "text": "terrible, probably a bad experience.\""}, {"start": "00:00:45", "end": "00:00:48", "text": "Actually, on the contrary, guys, I have"}, {"start": "00:00:46", "end": "00:00:50", "text": "to tell you, I enjoyed my time being a"}, {"start": "00:00:48", "end": "00:00:51", "text": "juror and sitting in a trial. And let me"}, {"start": "00:00:50", "end": "00:00:52", "text": "just say this, guys. There are some"}, {"start": "00:00:51", "end": "00:00:54", "text": "people out there who will tell you that"}, {"start": "00:00:52", "end": "00:00:56", "text": "you should try to get out of doing jury"}, {"start": "00:00:54", "end": "00:00:57", "text": "duty. Don't listen to them. Guys, one"}, {"start": "00:00:56", "end": "00:01:00", "text": "thing I learned is that the criminal"}, {"start": "00:00:57", "end": "00:01:02", "text": "justice system desperately needs more"}, {"start": "00:01:00", "end": "00:01:04", "text": "intelligent and fair-minded people."}, {"start": "00:01:02", "end": "00:01:05", "text": "Listen, if every smart and fair-minded"}, {"start": "00:01:04", "end": "00:01:07", "text": "person said, \"I'm not going to do jury"}, {"start": "00:01:05", "end": "00:01:08", "text": "duty.\" Well, that means the only people"}, {"start": "00:01:07", "end": "00:01:11", "text": "left who will decide whether a person"}, {"start": "00:01:08", "end": "00:01:12", "text": "goes to prison or not, are the ignorant"}, {"start": "00:01:11", "end": "00:01:13", "text": "and the stupid ones. So guys, I would"}, {"start": "00:01:12", "end": "00:01:15", "text": "seriously suggest if you're an"}, {"start": "00:01:13", "end": "00:01:16", "text": "intelligent person who likes critical"}, {"start": "00:01:15", "end": "00:01:18", "text": "thinking and you like to look at"}, {"start": "00:01:16", "end": "00:01:20", "text": "different side of the story and if"}, {"start": "00:01:18", "end": "00:01:21", "text": "you're fair-minded, I would highly"}, {"start": "00:01:20", "end": "00:01:23", "text": "suggest if you're called in for jury"}, {"start": "00:01:21", "end": "00:01:24", "text": "duty, go ahead and do it. you will meet"}, {"start": "00:01:23", "end": "00:01:26", "text": "some new people and you might actually"}, {"start": "00:01:24", "end": "00:01:27", "text": "enjoy it. I made some great friends and"}, {"start": "00:01:26", "end": "00:01:29", "text": "I had a great time. All right guys,"}, {"start": "00:01:27", "end": "00:01:31", "text": "let's get back to the charts. So, as far"}, {"start": "00:01:29", "end": "00:01:33", "text": "as Bitcoin is concerned, well, we have"}, {"start": "00:01:31", "end": "00:01:34", "text": "this weekly chart of Bitcoin as you can"}, {"start": "00:01:33", "end": "00:01:36", "text": "see here, the longer time frame. And let"}, {"start": "00:01:34", "end": "00:01:37", "text": "me just say in a few minutes, I'll take"}, {"start": "00:01:36", "end": "00:01:39", "text": "a look also at the chart on the monthly"}, {"start": "00:01:37", "end": "00:01:41", "text": "time frame as well. And as you can see"}, {"start": "00:01:39", "end": "00:01:43", "text": "here, uh well, first of all, look at"}, {"start": "00:01:41", "end": "00:01:45", "text": "this. What is fascinating is that"}, {"start": "00:01:43", "end": "00:01:47", "text": "Bitcoin after this massive drop that"}, {"start": "00:01:45", "end": "00:01:49", "text": "we're seeing here again this bare market"}, {"start": "00:01:47", "end": "00:01:52", "text": "which went all the way and actually went"}, {"start": "00:01:49", "end": "00:01:54", "text": "temporarily below the 200 weekly moving"}, {"start": "00:01:52", "end": "00:01:56", "text": "average. Look what it did. It came and"}, {"start": "00:01:54", "end": "00:01:57", "text": "made contact as you can see here this"}, {"start": "00:01:56", "end": "00:01:59", "text": "trend line support that you're seeing"}, {"start": "00:01:57", "end": "00:02:00", "text": "here. By the way, you're probably"}, {"start": "00:01:59", "end": "00:02:02", "text": "wondering why am I using a standard"}, {"start": "00:02:00", "end": "00:02:04", "text": "chart not a logarithmic chart. The"}, {"start": "00:02:02", "end": "00:02:06", "text": "simple reason is guys if you use a"}, {"start": "00:02:04", "end": "00:02:07", "text": "logarithmic chart the trend lines will"}, {"start": "00:02:06", "end": "00:02:09", "text": "not look proper. So if you want the"}, {"start": "00:02:07", "end": "00:02:11", "text": "trend lines to be more reliable, you"}, {"start": "00:02:09", "end": "00:02:12", "text": "need to switch to a standard chart, not"}, {"start": "00:02:11", "end": "00:02:15", "text": "a logarithmic chart. Anyway, we can see"}, {"start": "00:02:12", "end": "00:02:17", "text": "that Bitcoin came down to this important"}, {"start": "00:02:15", "end": "00:02:20", "text": "trend line support as we can see here by"}, {"start": "00:02:17", "end": "00:02:23", "text": "connecting these lows from the year uh"}, {"start": "00:02:20", "end": "00:02:25", "text": "2023. And so far, you can see we've held"}, {"start": "00:02:23", "end": "00:02:27", "text": "it. So far, Bitcoin price, which came"}, {"start": "00:02:25", "end": "00:02:30", "text": "down to that trend line support just"}, {"start": "00:02:27", "end": "00:02:32", "text": "under 60K, it's about 57K, held that"}, {"start": "00:02:30", "end": "00:02:34", "text": "support as you can see there and has"}, {"start": "00:02:32", "end": "00:02:37", "text": "bounced from it. So far that level of"}, {"start": "00:02:34", "end": "00:02:39", "text": "support is holding which is a good sign."}, {"start": "00:02:37", "end": "00:02:41", "text": "Another important thing which is Bitcoin"}, {"start": "00:02:39", "end": "00:02:43", "text": "came to the 200 weekly moving average"}, {"start": "00:02:41", "end": "00:02:45", "text": "and so far well at the moment you can"}, {"start": "00:02:43", "end": "00:02:48", "text": "see Bitcoin is trying to regain some"}, {"start": "00:02:45", "end": "00:02:51", "text": "ground and go back above it and you can"}, {"start": "00:02:48", "end": "00:02:53", "text": "see so so far it appears that 200 weekly"}, {"start": "00:02:51", "end": "00:02:55", "text": "moving average even though it broke"}, {"start": "00:02:53", "end": "00:02:57", "text": "temporarily so far seems to be holding."}, {"start": "00:02:55", "end": "00:02:58", "text": "That's a good sign as well. Another"}, {"start": "00:02:57", "end": "00:03:01", "text": "important thing is this. If you do a"}, {"start": "00:02:58", "end": "00:03:03", "text": "Fibonacci retracement, so if you draw uh"}, {"start": "00:03:01", "end": "00:03:06", "text": "from this low all the way to the"}, {"start": "00:03:03", "end": "00:03:10", "text": "all-time highs of Bitcoin, you will see"}, {"start": "00:03:06", "end": "00:03:13", "text": "that the 61.8% golden ratio retracement,"}, {"start": "00:03:10", "end": "00:03:15", "text": "the Fibonacci retracement is right there"}, {"start": "00:03:13", "end": "00:03:17", "text": "at 57,799."}, {"start": "00:03:15", "end": "00:03:20", "text": "That level held. As you can see here,"}, {"start": "00:03:17", "end": "00:03:22", "text": "Bitcoin came very close to that level."}, {"start": "00:03:20", "end": "00:03:24", "text": "So far, it has held that support level."}, {"start": "00:03:22", "end": "00:03:26", "text": "Another good sign, as you know, the"}, {"start": "00:03:24", "end": "00:03:28", "text": "golden ratio retracement, the 61.8% 20%"}, {"start": "00:03:26", "end": "00:03:30", "text": "Fibonacci retracement is a key level of"}, {"start": "00:03:28", "end": "00:03:32", "text": "support usually during retracements and"}, {"start": "00:03:30", "end": "00:03:34", "text": "indeed pullbacks and corrections. We can"}, {"start": "00:03:32", "end": "00:03:37", "text": "see that despite this bare market on"}, {"start": "00:03:34", "end": "00:03:39", "text": "Bitcoin so far it appears Bitcoin has"}, {"start": "00:03:37", "end": "00:03:41", "text": "held triple support. There is one more"}, {"start": "00:03:39", "end": "00:03:43", "text": "thing I want to show you and that is the"}, {"start": "00:03:41", "end": "00:03:47", "text": "monthly chart of Bitcoin and you can see"}, {"start": "00:03:43", "end": "00:03:48", "text": "Bitcoin is also holding the 50 simple"}, {"start": "00:03:47", "end": "00:03:50", "text": "moving average there on the monthly"}, {"start": "00:03:48", "end": "00:03:53", "text": "chart and that's a very key level"}, {"start": "00:03:50", "end": "00:03:54", "text": "because in the past typically Bitcoin"}, {"start": "00:03:53", "end": "00:03:57", "text": "has held that level. For example, in the"}, {"start": "00:03:54", "end": "00:03:59", "text": "year 2023, in this pullback, Bitcoin"}, {"start": "00:03:57", "end": "00:04:01", "text": "held its 50 simple moving average and"}, {"start": "00:03:59", "end": "00:04:03", "text": "managed to rally from there. And we go"}, {"start": "00:04:01", "end": "00:04:06", "text": "back a little bit. Now, in the year"}, {"start": "00:04:03", "end": "00:04:08", "text": "2022, it did not hold that level. Uh but"}, {"start": "00:04:06", "end": "00:04:10", "text": "if you go back in previous years, so"}, {"start": "00:04:08", "end": "00:04:11", "text": "again, we're looking at probabilities"}, {"start": "00:04:10", "end": "00:04:13", "text": "here. As we know, it's all about"}, {"start": "00:04:11", "end": "00:04:15", "text": "probabilities, not certainties. You can"}, {"start": "00:04:13", "end": "00:04:17", "text": "see back in the year uh 2020 during a"}, {"start": "00:04:15", "end": "00:04:19", "text": "major drop. Yeah, despite falling"}, {"start": "00:04:17", "end": "00:04:22", "text": "temporarily below it, managed to recover"}, {"start": "00:04:19", "end": "00:04:24", "text": "uh in the year 2018 2019 came very close"}, {"start": "00:04:22", "end": "00:04:26", "text": "to that 50 simple moving average there"}, {"start": "00:04:24", "end": "00:04:28", "text": "but it still held above it. And if we go"}, {"start": "00:04:26", "end": "00:04:30", "text": "back to the previous example as well, I"}, {"start": "00:04:28", "end": "00:04:32", "text": "think we have one here. Yeah, there it"}, {"start": "00:04:30", "end": "00:04:35", "text": "is. This is back in the year 2015 and"}, {"start": "00:04:32", "end": "00:04:37", "text": "you will see yeah both times it managed"}, {"start": "00:04:35", "end": "00:04:39", "text": "to hold that level of support the 50"}, {"start": "00:04:37", "end": "00:04:42", "text": "simple moving average. So it is an"}, {"start": "00:04:39", "end": "00:04:43", "text": "important level which currently again as"}, {"start": "00:04:42", "end": "00:04:45", "text": "we just let's just go back to it again."}, {"start": "00:04:43", "end": "00:04:48", "text": "Yeah, we can see so far it's holding"}, {"start": "00:04:45", "end": "00:04:49", "text": "that level, a key level of support. What"}, {"start": "00:04:48", "end": "00:04:51", "text": "does that mean? It means we seem to be"}, {"start": "00:04:49", "end": "00:04:54", "text": "holding, we seem to be overall holding"}, {"start": "00:04:51", "end": "00:04:56", "text": "quadruple support because apart from the"}, {"start": "00:04:54", "end": "00:04:57", "text": "monthly 50, we're also holding these key"}, {"start": "00:04:56", "end": "00:05:00", "text": "levels as well. Again, the trend line,"}, {"start": "00:04:57", "end": "00:05:03", "text": "the Fibonacci support, and the 200"}, {"start": "00:05:00", "end": "00:05:05", "text": "weekly. So, quadruple support so far is"}, {"start": "00:05:03", "end": "00:05:06", "text": "holding Bitcoin. That's a good sign."}, {"start": "00:05:05", "end": "00:05:08", "text": "There is a potential for Bitcoin to"}, {"start": "00:05:06", "end": "00:05:10", "text": "stage some kind of a rally or a bounce,"}, {"start": "00:05:08", "end": "00:05:12", "text": "which seems to be doing at the moment."}, {"start": "00:05:10", "end": "00:05:15", "text": "So, I would say this, keeping it simple"}, {"start": "00:05:12", "end": "00:05:17", "text": "for now, as long as Bitcoin can protect"}, {"start": "00:05:15", "end": "00:05:19", "text": "this support, bulls seem to be in"}, {"start": "00:05:17", "end": "00:05:21", "text": "control. And as long as bulls are in"}, {"start": "00:05:19", "end": "00:05:23", "text": "control, there is potential for some"}, {"start": "00:05:21", "end": "00:05:25", "text": "kind of a temporary bounce or rally."}, {"start": "00:05:23", "end": "00:05:27", "text": "Again, don't get me wrong here. I'm not"}, {"start": "00:05:25", "end": "00:05:29", "text": "suggesting that Bitcoin has bottomed and"}, {"start": "00:05:27", "end": "00:05:30", "text": "now we're going to rally all the way to"}, {"start": "00:05:29", "end": "00:05:32", "text": "new all-time highs. That's not what I'm"}, {"start": "00:05:30", "end": "00:05:34", "text": "saying. I'm saying that look, support is"}, {"start": "00:05:32", "end": "00:05:36", "text": "holding. Several key levels are holding"}, {"start": "00:05:34", "end": "00:05:37", "text": "Bitcoin at the moment here. And that"}, {"start": "00:05:36", "end": "00:05:41", "text": "means as long as that level of support"}, {"start": "00:05:37", "end": "00:05:43", "text": "holds just under 60K near 57K, there's"}, {"start": "00:05:41", "end": "00:05:44", "text": "potential for bulls to remain in control"}, {"start": "00:05:43", "end": "00:05:47", "text": "here and potentially push the Bitcoin"}, {"start": "00:05:44", "end": "00:05:49", "text": "price a bit further higher towards well"}, {"start": "00:05:47", "end": "00:05:53", "text": "there's potential for, for example, a"}, {"start": "00:05:49", "end": "00:05:55", "text": "move to the 21 weekly average, this blue"}, {"start": "00:05:53", "end": "00:05:57", "text": "line, which is approximately near 70K."}, {"start": "00:05:55", "end": "00:05:58", "text": "So there's a potential move that may"}, {"start": "00:05:57", "end": "00:06:00", "text": "happen in the next several weeks towards"}, {"start": "00:05:58", "end": "00:06:02", "text": "70K, maybe just above that. There's also"}, {"start": "00:06:00", "end": "00:06:03", "text": "one more thing. My good friend Charlie"}, {"start": "00:06:02", "end": "00:06:06", "text": "Burton mentioned in one of his videos"}, {"start": "00:06:03", "end": "00:06:08", "text": "that we have the 50 simple moving"}, {"start": "00:06:06", "end": "00:06:09", "text": "average here on the weekly chart. And we"}, {"start": "00:06:08", "end": "00:06:11", "text": "can see the distance. Look at the"}, {"start": "00:06:09", "end": "00:06:14", "text": "distance between the price and the 50"}, {"start": "00:06:11", "end": "00:06:16", "text": "SMA because usually price after it gets"}, {"start": "00:06:14", "end": "00:06:18", "text": "stretched overstretched from it 50"}, {"start": "00:06:16", "end": "00:06:21", "text": "average. There's a tendency for Bitcoin"}, {"start": "00:06:18", "end": "00:06:22", "text": "or the price to move towards that 50"}, {"start": "00:06:21", "end": "00:06:24", "text": "weekly average. Now don't get me wrong"}, {"start": "00:06:22", "end": "00:06:26", "text": "here. I'm not saying I'm not saying"}, {"start": "00:06:24", "end": "00:06:28", "text": "Bitcoin is going to go all the way up to"}, {"start": "00:06:26", "end": "00:06:31", "text": "here. No, because as we know it's a"}, {"start": "00:06:28", "end": "00:06:33", "text": "moving average. So this average line is"}, {"start": "00:06:31", "end": "00:06:35", "text": "moving. It's dynamic as we know. So that"}, {"start": "00:06:33", "end": "00:06:36", "text": "means in the next several weeks and"}, {"start": "00:06:35", "end": "00:06:38", "text": "months, this average is going to keep"}, {"start": "00:06:36", "end": "00:06:40", "text": "coming down as we know. So that means"}, {"start": "00:06:38", "end": "00:06:42", "text": "there's potential for this moving"}, {"start": "00:06:40", "end": "00:06:44", "text": "average to catch up with the price of"}, {"start": "00:06:42", "end": "00:06:46", "text": "Bitcoin. And there is a likelihood"}, {"start": "00:06:44", "end": "00:06:48", "text": "perhaps that Bitcoin may even interact"}, {"start": "00:06:46", "end": "00:06:50", "text": "and touch that level. Again, not at the"}, {"start": "00:06:48", "end": "00:06:52", "text": "level where it is right now, but maybe"}, {"start": "00:06:50", "end": "00:06:54", "text": "at a lower level, maybe in the 70K to"}, {"start": "00:06:52", "end": "00:06:55", "text": "75K range if we get there in the next"}, {"start": "00:06:54", "end": "00:06:57", "text": "several months. All right, guys. So"}, {"start": "00:06:55", "end": "00:06:58", "text": "that's really what I have here uh for"}, {"start": "00:06:57", "end": "00:07:01", "text": "Bitcoin. But let me just also finish"}, {"start": "00:06:58", "end": "00:07:04", "text": "with this point that if Bitcoin cannot"}, {"start": "00:07:01", "end": "00:07:08", "text": "hold on to that support. So if Bitcoin"}, {"start": "00:07:04", "end": "00:07:10", "text": "cannot hold on to this important support"}, {"start": "00:07:08", "end": "00:07:13", "text": "level as we can see here at the trend"}, {"start": "00:07:10", "end": "00:07:16", "text": "line and the Fibonacci level just near"}, {"start": "00:07:13", "end": "00:07:18", "text": "57K. If that level breaks, if that level"}, {"start": "00:07:16", "end": "00:07:21", "text": "breaks, that means there's potential"}, {"start": "00:07:18", "end": "00:07:25", "text": "very strong risk of a move down to the"}, {"start": "00:07:21", "end": "00:07:27", "text": "lows of 2024 just near or under 50K. So"}, {"start": "00:07:25", "end": "00:07:30", "text": "that means a sustained drop below the"}, {"start": "00:07:27", "end": "00:07:32", "text": "lows that we made recently just near 57K"}, {"start": "00:07:30", "end": "00:07:35", "text": "could result in a significant drop down"}, {"start": "00:07:32", "end": "00:07:36", "text": "to 50K or 49K approximately. By the way,"}, {"start": "00:07:35", "end": "00:07:38", "text": "I know some silly and immature people"}, {"start": "00:07:36", "end": "00:07:39", "text": "are going to say in the comment section,"}, {"start": "00:07:38", "end": "00:07:40", "text": "\"Oh, Allesio is saying it's going to go"}, {"start": "00:07:39", "end": "00:07:42", "text": "up, it's going to come down.\" So no"}, {"start": "00:07:40", "end": "00:07:43", "text": "matter what happens, he can say he's"}, {"start": "00:07:42", "end": "00:07:45", "text": "right. Guys, honestly, these people"}, {"start": "00:07:43", "end": "00:07:46", "text": "never stop embarrassing themselves"}, {"start": "00:07:45", "end": "00:07:48", "text": "because they don't understand that"}, {"start": "00:07:46", "end": "00:07:49", "text": "analysis is all about probabilities."}, {"start": "00:07:48", "end": "00:07:51", "text": "It's about looking at the chart, looking"}, {"start": "00:07:49", "end": "00:07:53", "text": "at seeing what is probable, what is less"}, {"start": "00:07:51", "end": "00:07:55", "text": "probable, things like that. Again, I'm"}, {"start": "00:07:53", "end": "00:07:56", "text": "looking at this from an objective"}, {"start": "00:07:55", "end": "00:07:58", "text": "standpoint because nobody has a crystal"}, {"start": "00:07:56", "end": "00:08:00", "text": "ball. Nobody knows what's going to"}, {"start": "00:07:58", "end": "00:08:02", "text": "happen next. All I'm simply saying is"}, {"start": "00:08:00", "end": "00:08:05", "text": "that for now, for now, as long as"}, {"start": "00:08:02", "end": "00:08:08", "text": "Bitcoin can protect that quadruple"}, {"start": "00:08:05", "end": "00:08:10", "text": "support level just near 57K or just"}, {"start": "00:08:08", "end": "00:08:13", "text": "under 60K, for now, it appears bulls"}, {"start": "00:08:10", "end": "00:08:15", "text": "have a chance. And let's say if bulls"}, {"start": "00:08:13", "end": "00:08:18", "text": "can take the opportunity here and push"}, {"start": "00:08:15", "end": "00:08:20", "text": "this potentially into a move to the 21"}, {"start": "00:08:18", "end": "00:08:22", "text": "weekly average, which I think is"}, {"start": "00:08:20", "end": "00:08:24", "text": "probable. I think it's likely uh in the"}, {"start": "00:08:22", "end": "00:08:26", "text": "next several weeks and months uh because"}, {"start": "00:08:24", "end": "00:08:28", "text": "given the given the fact that Bitcoin is"}, {"start": "00:08:26", "end": "00:08:30", "text": "oversold and given the distance that"}, {"start": "00:08:28", "end": "00:08:31", "text": "we're seeing between the price and it 50"}, {"start": "00:08:30", "end": "00:08:33", "text": "simple moving average as well. So"}, {"start": "00:08:31", "end": "00:08:35", "text": "there's potential here for some kind of"}, {"start": "00:08:33", "end": "00:08:37", "text": "a strong bounce as mentioned. Uh but"}, {"start": "00:08:35", "end": "00:08:39", "text": "again that's only if Bitcoin can protect"}, {"start": "00:08:37", "end": "00:08:41", "text": "and stay above the recent lows. All"}, {"start": "00:08:39", "end": "00:08:42", "text": "right guys, that's what I got. Thank you"}, {"start": "00:08:41", "end": "00:08:43", "text": "very much for watching this video. Let"}, {"start": "00:08:42", "end": "00:08:45", "text": "me just also mention I continue the"}, {"start": "00:08:43", "end": "00:08:47", "text": "analysis in much more detail in the"}, {"start": "00:08:45", "end": "00:08:48", "text": "member video on Sunday. So go ahead and"}, {"start": "00:08:47", "end": "00:08:50", "text": "check that out. So, in Sunday's member"}, {"start": "00:08:48", "end": "00:08:52", "text": "video, we'll cover the chart of the"}, {"start": "00:08:50", "end": "00:08:53", "text": "stock market, Bitcoin, and gold. And"}, {"start": "00:08:52", "end": "00:08:54", "text": "guys, if you're not a member, feel free"}, {"start": "00:08:53", "end": "00:08:55", "text": "to join. That link you see right there"}, {"start": "00:08:54", "end": "00:08:56", "text": "is also in the description. Thank you"}, {"start": "00:08:55", "end": "00:09:00", "text": "very much indeed. I look forward to"}, {"start": "00:08:56", "end": "00:09:00", "text": "seeing next video update. Cheers."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "for clicking the button as soon as"}, {"start": "00:00:01", "end": "00:00:05", "text": "possible."}, {"start": "00:00:03", "end": "00:00:07", "text": "Oh yes. Oh yes. Oh yes. Guys, welcome to"}, {"start": "00:00:05", "end": "00:00:10", "text": "another episode. Then as you can see"}, {"start": "00:00:07", "end": "00:00:11", "text": "right now, Bitcoin is at 85K. Yesterday"}, {"start": "00:00:10", "end": "00:00:15", "text": "when we spoke about Bitcoin, it was"}, {"start": "00:00:11", "end": "00:00:18", "text": "somewhere here 83 80 81. Now it pumped"}, {"start": "00:00:15", "end": "00:00:21", "text": "all the way to 87 yesterday and now it"}, {"start": "00:00:18", "end": "00:00:23", "text": "is back at 85. This is very very"}, {"start": "00:00:21", "end": "00:00:27", "text": "important guys. As you can see, we did a"}, {"start": "00:00:23", "end": "00:00:30", "text": "new high right here which is higher than"}, {"start": "00:00:27", "end": "00:00:31", "text": "this high. This is the key most"}, {"start": "00:00:30", "end": "00:00:34", "text": "important thing from technical analysis"}, {"start": "00:00:31", "end": "00:00:37", "text": "that Bitcoin goes from making lower and"}, {"start": "00:00:34", "end": "00:00:40", "text": "lower highs. For example, here you had"}, {"start": "00:00:37", "end": "00:00:44", "text": "high right here in October, then lower"}, {"start": "00:00:40", "end": "00:00:47", "text": "high in January, then lower high in uh"}, {"start": "00:00:44", "end": "00:00:52", "text": "May, June here, late May. Then we now"}, {"start": "00:00:47", "end": "00:00:54", "text": "for the first time since since Q4 have a"}, {"start": "00:00:52", "end": "00:00:56", "text": "higher high. Of course the week still"}, {"start": "00:00:54", "end": "00:00:59", "text": "has to close but with this kind of"}, {"start": "00:00:56", "end": "00:01:03", "text": "strength as long as we close above this"}, {"start": "00:00:59", "end": "00:01:05", "text": "82 uh high in from May I think we have"}, {"start": "00:01:03", "end": "00:01:07", "text": "confirmed the bullish structure guys"}, {"start": "00:01:05", "end": "00:01:09", "text": "very important and also we are in bull"}, {"start": "00:01:07", "end": "00:01:11", "text": "trend already since beginning of"}, {"start": "00:01:09", "end": "00:01:14", "text": "September right here we have been"}, {"start": "00:01:11", "end": "00:01:16", "text": "accumulating in the buy zone below 200"}, {"start": "00:01:14", "end": "00:01:18", "text": "moving average once it fle bullish we"}, {"start": "00:01:16", "end": "00:01:21", "text": "turned into bullars even more even more"}, {"start": "00:01:18", "end": "00:01:25", "text": "so so it is time to be bullish bullish"}, {"start": "00:01:21", "end": "00:01:28", "text": "bullish bullish And Bitcoin could even"}, {"start": "00:01:25", "end": "00:01:30", "text": "uh track back all the way here to uh 82"}, {"start": "00:01:28", "end": "00:01:32", "text": "and still be super bullish. The fact"}, {"start": "00:01:30", "end": "00:01:36", "text": "that we went to 87 is insane. Literally"}, {"start": "00:01:32", "end": "00:01:38", "text": "insane. If we go back to 82, it wouldn't"}, {"start": "00:01:36", "end": "00:01:39", "text": "surprise me. It would just be a test of"}, {"start": "00:01:38", "end": "00:01:41", "text": "the breakout. Okay? It would just be a"}, {"start": "00:01:39", "end": "00:01:43", "text": "test of the breakout. So, uh could"}, {"start": "00:01:41", "end": "00:01:45", "text": "definitely happen and would still be"}, {"start": "00:01:43", "end": "00:01:46", "text": "very very bullish. Just keep it in mind"}, {"start": "00:01:45", "end": "00:01:50", "text": "that it's not like you have to continue"}, {"start": "00:01:46", "end": "00:01:52", "text": "forever. You could come back, retest 82"}, {"start": "00:01:50", "end": "00:01:54", "text": "and then explode to 100K. But all in all"}, {"start": "00:01:52", "end": "00:01:57", "text": "the next target for us as you know it is"}, {"start": "00:01:54", "end": "00:01:59", "text": "100k. 100k is the next big fat target."}, {"start": "00:01:57", "end": "00:02:01", "text": "It is the round number. It's going to"}, {"start": "00:01:59", "end": "00:02:02", "text": "happen quite fast. I think most people"}, {"start": "00:02:01", "end": "00:02:05", "text": "don't understand how fast it's going to"}, {"start": "00:02:02", "end": "00:02:07", "text": "happen because once the former kicks"}, {"start": "00:02:05", "end": "00:02:09", "text": "once the bears start giving up. By the"}, {"start": "00:02:07", "end": "00:02:10", "text": "way, Benjamin Cohen almost cried"}, {"start": "00:02:09", "end": "00:02:12", "text": "yesterday. I don't know what happened."}, {"start": "00:02:10", "end": "00:02:15", "text": "Big shout out to Benjamin Cohen. He"}, {"start": "00:02:12", "end": "00:02:17", "text": "basically almost cried yesterday because"}, {"start": "00:02:15", "end": "00:02:19", "text": "yeah, he said he was wrong. Let's uh"}, {"start": "00:02:17", "end": "00:02:22", "text": "let's look at this"}, {"start": "00:02:19", "end": "00:02:26", "text": ">> through the May high. Um,"}, {"start": "00:02:22", "end": "00:02:30", "text": "this is not what I had on my bingo card"}, {"start": "00:02:26", "end": "00:02:35", "text": "for this year. And so I just wanted to"}, {"start": "00:02:30", "end": "00:02:37", "text": "say I was wrong and leave it at that."}, {"start": "00:02:35", "end": "00:02:40", "text": "Uh, there are other people that were"}, {"start": "00:02:37", "end": "00:02:43", "text": "right and I think they probably deserve"}, {"start": "00:02:40", "end": "00:02:46", "text": "your viewership more uh, right now than"}, {"start": "00:02:43", "end": "00:02:47", "text": "me. So, we're going to wrap it up there."}, {"start": "00:02:46", "end": "00:02:49", "text": "Um"}, {"start": "00:02:47", "end": "00:02:51", "text": ">> my it was only like two three minute"}, {"start": "00:02:49", "end": "00:02:53", "text": "video and I I mean he almost cried. Big"}, {"start": "00:02:51", "end": "00:02:55", "text": "shout out to Ben. Big I mean Ben is a"}, {"start": "00:02:53", "end": "00:02:57", "text": "great guy but at the same time why"}, {"start": "00:02:55", "end": "00:02:58", "text": "corner yourself so much. I mean no one"}, {"start": "00:02:57", "end": "00:03:00", "text": "knows what's going to happen in the"}, {"start": "00:02:58", "end": "00:03:01", "text": "market. I actually tweeted about it."}, {"start": "00:03:00", "end": "00:03:03", "text": "Like there's no need to make it so"}, {"start": "00:03:01", "end": "00:03:04", "text": "dramatic. I mean no one knows what's"}, {"start": "00:03:03", "end": "00:03:07", "text": "going to happen in the market. No"}, {"start": "00:03:04", "end": "00:03:09", "text": "there's you know by saying I was wrong."}, {"start": "00:03:07", "end": "00:03:10", "text": "Why? Why you wrong? Why you? I mean you"}, {"start": "00:03:09", "end": "00:03:12", "text": "don't have to be wrong. Just manage"}, {"start": "00:03:10", "end": "00:03:13", "text": "risk. No one knows what's going to"}, {"start": "00:03:12", "end": "00:03:14", "text": "happen. I mean on this channel I'm very"}, {"start": "00:03:13", "end": "00:03:15", "text": "humble. I'm telling you, I don't know"}, {"start": "00:03:14", "end": "00:03:17", "text": "what's going to happen just based on"}, {"start": "00:03:15", "end": "00:03:19", "text": "probabilities. We're so freaking good at"}, {"start": "00:03:17", "end": "00:03:22", "text": "playing the market. But, you know, it's"}, {"start": "00:03:19", "end": "00:03:23", "text": "not like I can ever be wrong because we"}, {"start": "00:03:22", "end": "00:03:25", "text": "have risk management. You know, we're"}, {"start": "00:03:23", "end": "00:03:27", "text": "ready for everything. And that's how you"}, {"start": "00:03:25", "end": "00:03:29", "text": "trade the markets. There is no such"}, {"start": "00:03:27", "end": "00:03:31", "text": "thing as know right or wrong. It's more"}, {"start": "00:03:29", "end": "00:03:32", "text": "or less you have probabilities, you"}, {"start": "00:03:31", "end": "00:03:35", "text": "position yourselves using mechanical"}, {"start": "00:03:32", "end": "00:03:36", "text": "rules to those probabilities. And then"}, {"start": "00:03:35", "end": "00:03:37", "text": "sometimes, even if you have the best"}, {"start": "00:03:36", "end": "00:03:39", "text": "probability, it can still go against"}, {"start": "00:03:37", "end": "00:03:41", "text": "you. It doesn't mean that you're wrong."}, {"start": "00:03:39", "end": "00:03:42", "text": "It's just how trading works. There's no"}, {"start": "00:03:41", "end": "00:03:45", "text": "way to know the future. And no one knows"}, {"start": "00:03:42", "end": "00:03:48", "text": "the future guys. You can only learn"}, {"start": "00:03:45", "end": "00:03:51", "text": "strategies how to play your cards in the"}, {"start": "00:03:48", "end": "00:03:53", "text": "best possible way. I don't think in"}, {"start": "00:03:51", "end": "00:03:55", "text": "terms of oh right or wrong. It doesn't"}, {"start": "00:03:53", "end": "00:03:56", "text": "work like that in the markets. It"}, {"start": "00:03:55", "end": "00:03:58", "text": "doesn't I mean I wish it worked like"}, {"start": "00:03:56", "end": "00:04:01", "text": "that in the markets that you could be"}, {"start": "00:03:58", "end": "00:04:02", "text": "you know 100% right. But by the way we"}, {"start": "00:04:01", "end": "00:04:04", "text": "have been so freaking right. We're"}, {"start": "00:04:02", "end": "00:04:07", "text": "almost there. But I'm humble enough to"}, {"start": "00:04:04", "end": "00:04:09", "text": "say that we have a very nice system with"}, {"start": "00:04:07", "end": "00:04:12", "text": "mechanical rules that allows us to"}, {"start": "00:04:09", "end": "00:04:14", "text": "maximize that that probability. But uh I"}, {"start": "00:04:12", "end": "00:04:16", "text": "think Ben is a bit too harsh on himself."}, {"start": "00:04:14", "end": "00:04:18", "text": "I mean no need to be harsh on yourself."}, {"start": "00:04:16", "end": "00:04:21", "text": "No one knows the future. There's no way"}, {"start": "00:04:18", "end": "00:04:23", "text": "to you know say 100% corre and is 100%"}, {"start": "00:04:21", "end": "00:04:25", "text": "correct. It's all about managing risk."}, {"start": "00:04:23", "end": "00:04:26", "text": "And that's by the way one of the first"}, {"start": "00:04:25", "end": "00:04:29", "text": "things people say when they enter"}, {"start": "00:04:26", "end": "00:04:31", "text": "Bullmania. They tell me Ivan it's such a"}, {"start": "00:04:29", "end": "00:04:33", "text": "relief. I don't have to be right. I"}, {"start": "00:04:31", "end": "00:04:35", "text": "don't have to try to be right. I just"}, {"start": "00:04:33", "end": "00:04:37", "text": "have a system that puts me in the best"}, {"start": "00:04:35", "end": "00:04:39", "text": "possible position with mechanical rules"}, {"start": "00:04:37", "end": "00:04:41", "text": "on all trades. Even if they go against"}, {"start": "00:04:39", "end": "00:04:43", "text": "me, I have limited downside and"}, {"start": "00:04:41", "end": "00:04:45", "text": "unlimited upside because if it go if it"}, {"start": "00:04:43", "end": "00:04:46", "text": "goes up, we ride the trend. If it goes"}, {"start": "00:04:45", "end": "00:04:49", "text": "down, boop, limited downside. We're out."}, {"start": "00:04:46", "end": "00:04:52", "text": "We're out. Okay. And they say, \"Wow,"}, {"start": "00:04:49", "end": "00:04:53", "text": "it's so nice to finally not have to be"}, {"start": "00:04:52", "end": "00:04:55", "text": "right or wrong. We just deploy the"}, {"start": "00:04:53", "end": "00:04:57", "text": "mechanical rules and they work so"}, {"start": "00:04:55", "end": "00:04:59", "text": "nicely, man. They work so so so nice.\""}, {"start": "00:04:57", "end": "00:05:00", "text": "So, all of you who are watching, you"}, {"start": "00:04:59", "end": "00:05:01", "text": "need the mechanical rules otherwise"}, {"start": "00:05:00", "end": "00:05:02", "text": "you're going to round trip. You're going"}, {"start": "00:05:01", "end": "00:05:04", "text": "to get wrecked. I mean, you know the"}, {"start": "00:05:02", "end": "00:05:07", "text": "drill. You've done it already five times"}, {"start": "00:05:04", "end": "00:05:11", "text": "in five cycles. Go to bullmania.com. We"}, {"start": "00:05:07", "end": "00:05:13", "text": "are opening up a few spots per day. Go"}, {"start": "00:05:11", "end": "00:05:15", "text": "to booming.com. You can watch the free"}, {"start": "00:05:13", "end": "00:05:16", "text": "training and then most importantly sign"}, {"start": "00:05:15", "end": "00:05:18", "text": "up for the weight list because once"}, {"start": "00:05:16", "end": "00:05:20", "text": "Bitcoin hits 100K, guys, we are"}, {"start": "00:05:18", "end": "00:05:22", "text": "increasing prices like there's no"}, {"start": "00:05:20", "end": "00:05:26", "text": "tomorrow in Bulmania because the demand"}, {"start": "00:05:22", "end": "00:05:28", "text": "is crazy. We offer insanely good quality"}, {"start": "00:05:26", "end": "00:05:29", "text": "coaching with 101 ones, educational"}, {"start": "00:05:28", "end": "00:05:31", "text": "material. You get access to my trading"}, {"start": "00:05:29", "end": "00:05:32", "text": "secrets. You get access to the mainline"}, {"start": "00:05:31", "end": "00:05:34", "text": "minus scanner, boom, AI, everything."}, {"start": "00:05:32", "end": "00:05:37", "text": "Everything everything. Like this is such"}, {"start": "00:05:34", "end": "00:05:39", "text": "a nice tool that we only open a bit at a"}, {"start": "00:05:37", "end": "00:05:41", "text": "time. A bit at a time. And when Bitcoin"}, {"start": "00:05:39", "end": "00:05:43", "text": "goes through specific targets like 100K,"}, {"start": "00:05:41", "end": "00:05:44", "text": "we have to we have to take the price to"}, {"start": "00:05:43", "end": "00:05:46", "text": "Valhalla just like Bitcoin goes to"}, {"start": "00:05:44", "end": "00:05:47", "text": "Valhalla. The same is with Bullmania."}, {"start": "00:05:46", "end": "00:05:49", "text": "Very important. But big shout out to"}, {"start": "00:05:47", "end": "00:05:51", "text": "Ben. I mean Ben is a great guy. I love"}, {"start": "00:05:49", "end": "00:05:54", "text": "Ben. I love Ben. I think he's a bit too"}, {"start": "00:05:51", "end": "00:05:56", "text": "harsh on himself. And uh there's I mean"}, {"start": "00:05:54", "end": "00:05:58", "text": "no one is there's no way to be right. I"}, {"start": "00:05:56", "end": "00:05:59", "text": "don't think about right or it's quantum"}, {"start": "00:05:58", "end": "00:06:01", "text": "physics. Do you guys know quantum"}, {"start": "00:05:59", "end": "00:06:03", "text": "physics? Are you educating quantum"}, {"start": "00:06:01", "end": "00:06:07", "text": "physics? It's all probability you know"}, {"start": "00:06:03", "end": "00:06:09", "text": "and atom is here and is there you know"}, {"start": "00:06:07", "end": "00:06:12", "text": "don't worry too much about comparing"}, {"start": "00:06:09", "end": "00:06:15", "text": "what Bitcoin did you know October 5"}, {"start": "00:06:12", "end": "00:06:17", "text": "years ago or now just follow the damn"}, {"start": "00:06:15", "end": "00:06:19", "text": "trend that's the most bullet bulletproof"}, {"start": "00:06:17", "end": "00:06:21", "text": "thing and that's that's the key to"}, {"start": "00:06:19", "end": "00:06:23", "text": "success in this market I mean at the end"}, {"start": "00:06:21", "end": "00:06:25", "text": "of the day the scoreboard is the P&L the"}, {"start": "00:06:23", "end": "00:06:27", "text": "scoreboard is how much money you make"}, {"start": "00:06:25", "end": "00:06:29", "text": "the scoreboard is how much you take home"}, {"start": "00:06:27", "end": "00:06:31", "text": "okay look at looking at you know"}, {"start": "00:06:29", "end": "00:06:33", "text": "previous cycle what happened in this"}, {"start": "00:06:31", "end": "00:06:35", "text": "November that November. I think it's"}, {"start": "00:06:33", "end": "00:06:37", "text": "interesting also I mean sometimes the it"}, {"start": "00:06:35", "end": "00:06:39", "text": "it does work like for example in October"}, {"start": "00:06:37", "end": "00:06:42", "text": "when we went to riskov based on the"}, {"start": "00:06:39", "end": "00:06:45", "text": "money line it it coincided with the 4"}, {"start": "00:06:42", "end": "00:06:47", "text": "cycle but for example buying in July uh"}, {"start": "00:06:45", "end": "00:06:48", "text": "we bought it based on the mechanical"}, {"start": "00:06:47", "end": "00:06:50", "text": "rules with the 200 week moving average"}, {"start": "00:06:48", "end": "00:06:52", "text": "and then also now we go bull trend which"}, {"start": "00:06:50", "end": "00:06:54", "text": "happened at the beginning of September"}, {"start": "00:06:52", "end": "00:06:55", "text": "that was completely out of sync with"}, {"start": "00:06:54", "end": "00:06:57", "text": "four year cycle and it was way better"}, {"start": "00:06:55", "end": "00:06:59", "text": "than the four year cycle. So, we're not"}, {"start": "00:06:57", "end": "00:07:00", "text": "four-year cyclists. In fact, we said"}, {"start": "00:06:59", "end": "00:07:02", "text": "that we're outperforming and we're"}, {"start": "00:07:00", "end": "00:07:04", "text": "absolutely killing the four-year cycle"}, {"start": "00:07:02", "end": "00:07:07", "text": "performance because it's way better to"}, {"start": "00:07:04", "end": "00:07:09", "text": "follow the trend. Uh, the trend works in"}, {"start": "00:07:07", "end": "00:07:11", "text": "any asset. It works in, you know, here"}, {"start": "00:07:09", "end": "00:07:12", "text": "are we"}, {"start": "00:07:11", "end": "00:07:14", "text": "the four-year cyclist, they're cycling,"}, {"start": "00:07:12", "end": "00:07:17", "text": "they're doing to tour the France. Uh,"}, {"start": "00:07:14", "end": "00:07:18", "text": "you see, we are outperforming the four"}, {"start": "00:07:17", "end": "00:07:20", "text": "year cycle cyclists over and over again"}, {"start": "00:07:18", "end": "00:07:22", "text": "because we use the mechanical rules. We"}, {"start": "00:07:20", "end": "00:07:24", "text": "respect the trend. Sometimes for cycle"}, {"start": "00:07:22", "end": "00:07:25", "text": "will overlap like sometimes they did"}, {"start": "00:07:24", "end": "00:07:27", "text": "that like for example in October. There"}, {"start": "00:07:25", "end": "00:07:29", "text": "is something in the for cycle for sure"}, {"start": "00:07:27", "end": "00:07:31", "text": "but it's not the main thing because also"}, {"start": "00:07:29", "end": "00:07:33", "text": "it doesn't work on all assets. I mean"}, {"start": "00:07:31", "end": "00:07:35", "text": "with mechanical rules we can be cycle"}, {"start": "00:07:33", "end": "00:07:37", "text": "you know we can we can use it in any"}, {"start": "00:07:35", "end": "00:07:39", "text": "asset in stock everywhere ever for your"}, {"start": "00:07:37", "end": "00:07:41", "text": "cycle you're only in bitcoin and maybe"}, {"start": "00:07:39", "end": "00:07:43", "text": "it works and in most cases you are just"}, {"start": "00:07:41", "end": "00:07:46", "text": "uh you know you have like three data"}, {"start": "00:07:43", "end": "00:07:50", "text": "points four data points and anyone who's"}, {"start": "00:07:46", "end": "00:07:52", "text": "been educated at a higher in higher"}, {"start": "00:07:50", "end": "00:07:53", "text": "education like yours truly computer"}, {"start": "00:07:52", "end": "00:07:55", "text": "masters in computer science you know"}, {"start": "00:07:53", "end": "00:07:56", "text": "that you cannot have a you cannot draw"}, {"start": "00:07:55", "end": "00:07:57", "text": "conclusions from a small data set you"}, {"start": "00:07:56", "end": "00:08:00", "text": "cannot draw conclusions from a small"}, {"start": "00:07:57", "end": "00:08:01", "text": "data set sometimes it may look like it's"}, {"start": "00:08:00", "end": "00:08:02", "text": "overlapping this and that. But you know"}, {"start": "00:08:01", "end": "00:08:04", "text": "how many cycles we had like three or"}, {"start": "00:08:02", "end": "00:08:07", "text": "four. So you cannot draw conclusions and"}, {"start": "00:08:04", "end": "00:08:10", "text": "put your net worth in that. Instead the"}, {"start": "00:08:07", "end": "00:08:12", "text": "trends you can the trends are a proven"}, {"start": "00:08:10", "end": "00:08:14", "text": "by hundreds of years of performance."}, {"start": "00:08:12", "end": "00:08:17", "text": "Actually write it here in my book the"}, {"start": "00:08:14", "end": "00:08:19", "text": "big big profits that trend trading is"}, {"start": "00:08:17", "end": "00:08:22", "text": "has been around for over a hundred years"}, {"start": "00:08:19", "end": "00:08:24", "text": "and it has a hundred years of proof."}, {"start": "00:08:22", "end": "00:08:26", "text": "Okay this is very important that this is"}, {"start": "00:08:24", "end": "00:08:28", "text": "not a century of proof. You see here,"}, {"start": "00:08:26", "end": "00:08:30", "text": "you see in my book, see, have you, have"}, {"start": "00:08:28", "end": "00:08:32", "text": "you read big profits? Because it's very"}, {"start": "00:08:30", "end": "00:08:34", "text": "important, essential of proof. So,"}, {"start": "00:08:32", "end": "00:08:36", "text": "before we get into specifics, I need you"}, {"start": "00:08:34", "end": "00:08:38", "text": "to understand something fundamental."}, {"start": "00:08:36", "end": "00:08:40", "text": "This isn't some fringe idea I invented"}, {"start": "00:08:38", "end": "00:08:41", "text": "in my bedroom. I mean, trend following"}, {"start": "00:08:40", "end": "00:08:44", "text": "is not something that, you know, I I"}, {"start": "00:08:41", "end": "00:08:45", "text": "just invent from thin air. Rule-based"}, {"start": "00:08:44", "end": "00:08:47", "text": "trend following trading is one of the"}, {"start": "00:08:45", "end": "00:08:49", "text": "most extensively studied and validated"}, {"start": "00:08:47", "end": "00:08:50", "text": "approaches in the history of financial"}, {"start": "00:08:49", "end": "00:08:52", "text": "markets. And the evidence is"}, {"start": "00:08:50", "end": "00:08:53", "text": "overwhelming. And then I I educate you"}, {"start": "00:08:52", "end": "00:08:55", "text": "for a long time in the book about it."}, {"start": "00:08:53", "end": "00:08:57", "text": "Anyway guys, I think you understand. Go"}, {"start": "00:08:55", "end": "00:08:59", "text": "to bullmia.com."}, {"start": "00:08:57", "end": "00:09:01", "text": "Uh, join the wait list. When Bitcoin"}, {"start": "00:08:59", "end": "00:09:02", "text": "hits 100K, we increase the price. As"}, {"start": "00:09:01", "end": "00:09:04", "text": "soon as you join the weight list, you"}, {"start": "00:09:02", "end": "00:09:06", "text": "confirm your email in the wait list. And"}, {"start": "00:09:04", "end": "00:09:08", "text": "as soon as you get the the spot in"}, {"start": "00:09:06", "end": "00:09:09", "text": "Bulmania, book the call with our team."}, {"start": "00:09:08", "end": "00:09:10", "text": "We need to speak to you. We need to know"}, {"start": "00:09:09", "end": "00:09:12", "text": "who the hell you are. We don't let"}, {"start": "00:09:10", "end": "00:09:13", "text": "anyone in. We don't we need to speak who"}, {"start": "00:09:12", "end": "00:09:15", "text": "who you are. We need to understand what"}, {"start": "00:09:13", "end": "00:09:17", "text": "you you have been through in the market"}, {"start": "00:09:15", "end": "00:09:19", "text": "so we know that our thing will work for"}, {"start": "00:09:17", "end": "00:09:22", "text": "you because your success is our"}, {"start": "00:09:19", "end": "00:09:24", "text": "reputation. Okay? We only accept you if"}, {"start": "00:09:22", "end": "00:09:26", "text": "we think we're gonna help you and if you"}, {"start": "00:09:24", "end": "00:09:28", "text": "are serious, you are open with us about"}, {"start": "00:09:26", "end": "00:09:29", "text": "how you trade, we we will definitely"}, {"start": "00:09:28", "end": "00:09:31", "text": "help you. So guys, do that. Big shout"}, {"start": "00:09:29", "end": "00:09:34", "text": "out to who? To Guzman also. Big shout to"}, {"start": "00:09:31", "end": "00:09:35", "text": "Guzman. Look here. Uh 8 trillion"}, {"start": "00:09:34", "end": "00:09:37", "text": "Fidelity just said Bitcoin might be"}, {"start": "00:09:35", "end": "00:09:39", "text": "entering a new bull market. Well, I can"}, {"start": "00:09:37", "end": "00:09:41", "text": "tell you it it's not might. It's not"}, {"start": "00:09:39", "end": "00:09:44", "text": "might. It is entering guys. It is"}, {"start": "00:09:41", "end": "00:09:45", "text": "entering you. It's absolutely I think at"}, {"start": "00:09:44", "end": "00:09:49", "text": "this point especially if we close the"}, {"start": "00:09:45", "end": "00:09:52", "text": "week above 82 it will create that very"}, {"start": "00:09:49", "end": "00:09:54", "text": "fantastic high higher high fantastic"}, {"start": "00:09:52", "end": "00:09:57", "text": "yeah I think it's very like extremely"}, {"start": "00:09:54", "end": "00:09:59", "text": "extremely likely Fidelity says Zcore for"}, {"start": "00:09:57", "end": "00:10:00", "text": "Bitcoin gold fle positive after hitting"}, {"start": "00:09:59", "end": "00:10:03", "text": "minus 100% so now Bitcoin is"}, {"start": "00:10:00", "end": "00:10:07", "text": "outperforming gold very nice America's"}, {"start": "00:10:03", "end": "00:10:09", "text": "number one RIA Rick Edelman Rick Edelman"}, {"start": "00:10:07", "end": "00:10:11", "text": "to speak at Bitcoin Treasury conference"}, {"start": "00:10:09", "end": "00:10:13", "text": "very very good Bitcoin makes the first"}, {"start": "00:10:11", "end": "00:10:17", "text": "higher high just like we said. Very,"}, {"start": "00:10:13", "end": "00:10:19", "text": "very good. Bullish analyst GE van Lagen"}, {"start": "00:10:17", "end": "00:10:21", "text": "says Bitcoin has broken its one-year"}, {"start": "00:10:19", "end": "00:10:22", "text": "downtrend. Yeah, basically what we said"}, {"start": "00:10:21", "end": "00:10:25", "text": "with when you create a higher high."}, {"start": "00:10:22", "end": "00:10:29", "text": "Fantastic. The Michael Sailor is buying"}, {"start": "00:10:25", "end": "00:10:32", "text": "950 Bitcoin and repurchasing 174 million"}, {"start": "00:10:29", "end": "00:10:34", "text": "of Stretch. Uh bullishness is back to to"}, {"start": "00:10:32", "end": "00:10:36", "text": "Micro Strategy and to Stretch. Uh last"}, {"start": "00:10:34", "end": "00:10:38", "text": "three months, Micro Strategy has grown"}, {"start": "00:10:36", "end": "00:10:40", "text": "quite a lot. Very important. You see"}, {"start": "00:10:38", "end": "00:10:42", "text": "here the markup increases. It is now in"}, {"start": "00:10:40", "end": "00:10:44", "text": "bull trend. It's now in bull trend since"}, {"start": "00:10:42", "end": "00:10:46", "text": "some weeks ago. Let's check check here."}, {"start": "00:10:44", "end": "00:10:49", "text": "When you go into bull trend, you're"}, {"start": "00:10:46", "end": "00:10:53", "text": "bullish. Uh it went bull trend here at"}, {"start": "00:10:49", "end": "00:10:55", "text": "the beginning of um of uh September and"}, {"start": "00:10:53", "end": "00:10:58", "text": "it's up 22% since then. Since the bull"}, {"start": "00:10:55", "end": "00:11:00", "text": "trend. Very nice. Next, uh crypto is"}, {"start": "00:10:58", "end": "00:11:01", "text": "surging just days after Clarity Act"}, {"start": "00:11:00", "end": "00:11:04", "text": "failed. You remember we discussed that"}, {"start": "00:11:01", "end": "00:11:08", "text": "if Clarity Act fails, don't worry. Bad"}, {"start": "00:11:04", "end": "00:11:10", "text": "news doesn't matter at the end of the"}, {"start": "00:11:08", "end": "00:11:12", "text": "bare market. It does not matter. Bad"}, {"start": "00:11:10", "end": "00:11:15", "text": "news only matters uh at the beginning of"}, {"start": "00:11:12", "end": "00:11:16", "text": "the bear uh and uh we're at the end. So"}, {"start": "00:11:15", "end": "00:11:18", "text": "yeah, at the end bad news is actually"}, {"start": "00:11:16", "end": "00:11:21", "text": "bullish because the market sees that uh"}, {"start": "00:11:18", "end": "00:11:22", "text": "nothing dumps and that's bullish when"}, {"start": "00:11:21", "end": "00:11:24", "text": "the market sees that nothing dumps and"}, {"start": "00:11:22", "end": "00:11:26", "text": "everyone understands that the sellers"}, {"start": "00:11:24", "end": "00:11:28", "text": "are exhausted. Uh thing of beauty"}, {"start": "00:11:26", "end": "00:11:31", "text": "bitcoin was so bullish did not even"}, {"start": "00:11:28", "end": "00:11:33", "text": "retest 200 day EMA let alone the"}, {"start": "00:11:31", "end": "00:11:35", "text": "short-term cost basis. Yeah, just up and"}, {"start": "00:11:33", "end": "00:11:37", "text": "up and up and up and up. Now also"}, {"start": "00:11:35", "end": "00:11:39", "text": "looking at the stock market, you see"}, {"start": "00:11:37", "end": "00:11:42", "text": "here US stocks posted their strongest"}, {"start": "00:11:39", "end": "00:11:47", "text": "session since early August. S&P, NASDAQ"}, {"start": "00:11:42", "end": "00:11:49", "text": "all up a lot. Uh led by tech, Meta, AMD,"}, {"start": "00:11:47", "end": "00:11:52", "text": "uh and also oil dropping a bit. If we"}, {"start": "00:11:49", "end": "00:11:55", "text": "look at the stock market here, we look"}, {"start": "00:11:52", "end": "00:11:56", "text": "at S&P um uh yeah, basically going to"}, {"start": "00:11:55", "end": "00:11:58", "text": "new new highs. Basically going to new"}, {"start": "00:11:56", "end": "00:12:00", "text": "highs. Uh that's why don't worry about"}, {"start": "00:11:58", "end": "00:12:02", "text": "oil this and that. People worried about"}, {"start": "00:12:00", "end": "00:12:04", "text": "oil, Iran. As long as the asset is in"}, {"start": "00:12:02", "end": "00:12:06", "text": "bull trend, you're bullish. No matter"}, {"start": "00:12:04", "end": "00:12:07", "text": "Iran, no matter the oil, no matter"}, {"start": "00:12:06", "end": "00:12:09", "text": "anything, if it's bullish, it's bullish."}, {"start": "00:12:07", "end": "00:12:12", "text": "NASDAQ also wants to go to alltime high."}, {"start": "00:12:09", "end": "00:12:14", "text": "Isn't it crazy? I mean, Trump Trump is"}, {"start": "00:12:12", "end": "00:12:17", "text": "here to pump the markets. As long as"}, {"start": "00:12:14", "end": "00:12:18", "text": "Trump is in power, the markets are going"}, {"start": "00:12:17", "end": "00:12:21", "text": "to be pumping that. They will be pumped."}, {"start": "00:12:18", "end": "00:12:23", "text": "Okay? It's a fantastic performance in"}, {"start": "00:12:21", "end": "00:12:26", "text": "the first term of Trump and second, I"}, {"start": "00:12:23", "end": "00:12:28", "text": "mean, the market is his specialtity. His"}, {"start": "00:12:26", "end": "00:12:32", "text": "is his specialtity. He is pumping them"}, {"start": "00:12:28", "end": "00:12:34", "text": "in a very nice way. Oil, not oil. Iran,"}, {"start": "00:12:32", "end": "00:12:36", "text": "not Iran. You see that? Still it's up."}, {"start": "00:12:34", "end": "00:12:39", "text": "Even even though oil, not oil, still"}, {"start": "00:12:36", "end": "00:12:42", "text": "it's up. Still it's up. So yeah, great"}, {"start": "00:12:39", "end": "00:12:44", "text": "to see. And uh we keep it simple. You"}, {"start": "00:12:42", "end": "00:12:46", "text": "see, we're we're humble. This this is an"}, {"start": "00:12:44", "end": "00:12:48", "text": "example of humbleness. Instead of trying"}, {"start": "00:12:46", "end": "00:12:49", "text": "to see with the oil, what's happening"}, {"start": "00:12:48", "end": "00:12:51", "text": "with the oil? We're just humble. We're"}, {"start": "00:12:49", "end": "00:12:53", "text": "just bullish because it's bull trend."}, {"start": "00:12:51", "end": "00:12:56", "text": "We're simple people. We're simple dudes."}, {"start": "00:12:53", "end": "00:12:58", "text": "We see the bull trend. We're bullish."}, {"start": "00:12:56", "end": "00:13:00", "text": "We're not over complicating. We're not"}, {"start": "00:12:58", "end": "00:13:02", "text": "envisioning ourselves to be some kind of"}, {"start": "00:13:00", "end": "00:13:05", "text": "market messiah or whatever with oil that"}, {"start": "00:13:02", "end": "00:13:07", "text": "you can somehow connect the macro. Uh"}, {"start": "00:13:05", "end": "00:13:10", "text": "you cannot connect the macro. Instead,"}, {"start": "00:13:07", "end": "00:13:14", "text": "just be humble. Take it easy. When you"}, {"start": "00:13:10", "end": "00:13:16", "text": "see bull trend, you become very bullish"}, {"start": "00:13:14", "end": "00:13:18", "text": "and uh you you take risk. Okay? When you"}, {"start": "00:13:16", "end": "00:13:20", "text": "see bull trend, you take risk. It's"}, {"start": "00:13:18", "end": "00:13:21", "text": "actually super simple. But simple does"}, {"start": "00:13:20", "end": "00:13:23", "text": "not mean easy. Just like losing weight,"}, {"start": "00:13:21", "end": "00:13:25", "text": "it's super simple. You just eat less"}, {"start": "00:13:23", "end": "00:13:27", "text": "than you cons than you consume in"}, {"start": "00:13:25", "end": "00:13:29", "text": "calorie. Your body consumes in calories."}, {"start": "00:13:27", "end": "00:13:30", "text": "It's it's simple but it's not easy."}, {"start": "00:13:29", "end": "00:13:32", "text": "Okay. Some some things are simple but"}, {"start": "00:13:30", "end": "00:13:34", "text": "not easy. So that's why in boom may"}, {"start": "00:13:32", "end": "00:13:37", "text": "really teach you all of it properly. Uh"}, {"start": "00:13:34", "end": "00:13:39", "text": "but uh yeah I know for most people even"}, {"start": "00:13:37", "end": "00:13:42", "text": "when I say easy things simple things for"}, {"start": "00:13:39", "end": "00:13:44", "text": "them it's not easy. So yeah uh it t it"}, {"start": "00:13:42", "end": "00:13:47", "text": "takes it takes effort. I mean everything"}, {"start": "00:13:44", "end": "00:13:50", "text": "takes effort to learn. Strategy is back"}, {"start": "00:13:47", "end": "00:13:53", "text": "in the spotlight. It's up and uh yeah"}, {"start": "00:13:50", "end": "00:13:55", "text": "very good. CFTC submitted new crypto"}, {"start": "00:13:53", "end": "00:13:57", "text": "market rules to the white house. So, uh,"}, {"start": "00:13:55", "end": "00:14:00", "text": "Clary act does not even matter now"}, {"start": "00:13:57", "end": "00:14:05", "text": "because CFTC is doing their own rules."}, {"start": "00:14:00", "end": "00:14:07", "text": "Um, and also X has launched the ticker"}, {"start": "00:14:05", "end": "00:14:09", "text": "trading. So, if you use X in the near"}, {"start": "00:14:07", "end": "00:14:11", "text": "future, maybe already today, does it"}, {"start": "00:14:09", "end": "00:14:13", "text": "work already today? Let me let me check."}, {"start": "00:14:11", "end": "00:14:15", "text": "They added now that you can connect your"}, {"start": "00:14:13", "end": "00:14:18", "text": "Kraken your exchanges and you can trade"}, {"start": "00:14:15", "end": "00:14:21", "text": "from the timeline basically. So X is uh"}, {"start": "00:14:18", "end": "00:14:24", "text": "moving that feature and uh yeah it's"}, {"start": "00:14:21", "end": "00:14:25", "text": "perfect feature because for them they"}, {"start": "00:14:24", "end": "00:14:27", "text": "have all the traders trading is the"}, {"start": "00:14:25", "end": "00:14:29", "text": "number one use case of X discussions"}, {"start": "00:14:27", "end": "00:14:31", "text": "like trading and politics. That's what"}, {"start": "00:14:29", "end": "00:14:34", "text": "people use X for in order to discuss."}, {"start": "00:14:31", "end": "00:14:36", "text": "Now uh in terms of the market let's see"}, {"start": "00:14:34", "end": "00:14:38", "text": "the biggest pumpers"}, {"start": "00:14:36", "end": "00:14:43", "text": "over the last 24 hours. We obviously"}, {"start": "00:14:38", "end": "00:14:48", "text": "have Bitcoin plus 5%, ETH plus uh 3%. Uh"}, {"start": "00:14:43", "end": "00:14:49", "text": "BNB 2%, AXRP 7.5%, Solana 4.9. Let's"}, {"start": "00:14:48", "end": "00:14:53", "text": "look at the biggest ones in the top 100."}, {"start": "00:14:49", "end": "00:14:56", "text": "You have Akido up 45%."}, {"start": "00:14:53", "end": "00:14:59", "text": "Okay, Aikido. Let's check this one. It"}, {"start": "00:14:56", "end": "00:15:03", "text": "is uh yeah, straight up. Let's see"}, {"start": "00:14:59", "end": "00:15:05", "text": "liquidity. Let's see liquidity. Very low"}, {"start": "00:15:03", "end": "00:15:07", "text": "liquidity, but it is on Kraken. It is on"}, {"start": "00:15:05", "end": "00:15:09", "text": "Kraken. So yeah, you could deploy"}, {"start": "00:15:07", "end": "00:15:13", "text": "mechanical rules in that. Uh you have uh"}, {"start": "00:15:09", "end": "00:15:17", "text": "PEPA uh up 24%. Let's check PEPA. Let's"}, {"start": "00:15:13", "end": "00:15:19", "text": "check Pepa. Peppa USD."}, {"start": "00:15:17", "end": "00:15:20", "text": "What's happening with Pepa is going bull"}, {"start": "00:15:19", "end": "00:15:22", "text": "trend. And if it closes the week, we"}, {"start": "00:15:20", "end": "00:15:24", "text": "have a weekly bull trend confirmed."}, {"start": "00:15:22", "end": "00:15:27", "text": "Very, very nice. On the daily, it is"}, {"start": "00:15:24", "end": "00:15:29", "text": "already bullish here since late August."}, {"start": "00:15:27", "end": "00:15:32", "text": "So it's up 23% on the daily since the"}, {"start": "00:15:29", "end": "00:15:34", "text": "bull flip. And on the weekly, it's going"}, {"start": "00:15:32", "end": "00:15:36", "text": "to bullish. Yeah, basically now. And you"}, {"start": "00:15:34", "end": "00:15:38", "text": "know with a lot of these things now in"}, {"start": "00:15:36", "end": "00:15:40", "text": "the early days of the bull market people"}, {"start": "00:15:38", "end": "00:15:41", "text": "are asking am I too late Ivan am I too"}, {"start": "00:15:40", "end": "00:15:44", "text": "late like with Peppa here am I too late"}, {"start": "00:15:41", "end": "00:15:47", "text": "am I too late guys it's impossible to be"}, {"start": "00:15:44", "end": "00:15:49", "text": "uh too late uh in in current situation"}, {"start": "00:15:47", "end": "00:15:51", "text": "where we're just in the beginning it's"}, {"start": "00:15:49", "end": "00:15:52", "text": "it's impossible you should still manage"}, {"start": "00:15:51", "end": "00:15:55", "text": "risk you should still follow mechanical"}, {"start": "00:15:52", "end": "00:15:57", "text": "rules but in general this is not the"}, {"start": "00:15:55", "end": "00:15:58", "text": "place to ask if you're too late it's"}, {"start": "00:15:57", "end": "00:16:00", "text": "another one of the simple simple things"}, {"start": "00:15:58", "end": "00:16:03", "text": "the the place to ask if you're too late"}, {"start": "00:16:00", "end": "00:16:04", "text": "it was last October okay that that was"}, {"start": "00:16:03", "end": "00:16:06", "text": "the place to ask when you're too late."}, {"start": "00:16:04", "end": "00:16:08", "text": "When Bitcoin already did all of the"}, {"start": "00:16:06", "end": "00:16:10", "text": "alltime highs and we had all of the all"}, {"start": "00:16:08", "end": "00:16:12", "text": "dog with hat went to five billion that"}, {"start": "00:16:10", "end": "00:16:14", "text": "that was the place to ask if you're too"}, {"start": "00:16:12", "end": "00:16:16", "text": "late. Now we had a year of down. It's"}, {"start": "00:16:14", "end": "00:16:19", "text": "only now that we're going to new bull"}, {"start": "00:16:16", "end": "00:16:21", "text": "weekly trends. Now is not the place to"}, {"start": "00:16:19", "end": "00:16:23", "text": "ask if you're too late. Obviously, it's"}, {"start": "00:16:21", "end": "00:16:25", "text": "better if you have the money line so you"}, {"start": "00:16:23", "end": "00:16:27", "text": "can buy when daily flips bullish. That's"}, {"start": "00:16:25", "end": "00:16:29", "text": "the best. But overall, it's not it's not"}, {"start": "00:16:27", "end": "00:16:31", "text": "the time. It's not the place to ask if"}, {"start": "00:16:29", "end": "00:16:33", "text": "you're too late. Bit tensor. Oh, look"}, {"start": "00:16:31", "end": "00:16:38", "text": "here. Bit tensor is up today also. Let's"}, {"start": "00:16:33", "end": "00:16:40", "text": "check to Tao USD bit tensor up and see"}, {"start": "00:16:38", "end": "00:16:43", "text": "it's recovering back into the flip level"}, {"start": "00:16:40", "end": "00:16:45", "text": "very very strong. Uh yeah if it if it"}, {"start": "00:16:43", "end": "00:16:47", "text": "can close here the week above the flip"}, {"start": "00:16:45", "end": "00:16:50", "text": "level which was right here back in"}, {"start": "00:16:47", "end": "00:16:52", "text": "March. Uh could go very high. It could"}, {"start": "00:16:50", "end": "00:16:55", "text": "go here towards the 480"}, {"start": "00:16:52", "end": "00:16:59", "text": "mark quite fast. The next the next high"}, {"start": "00:16:55", "end": "00:17:01", "text": "right here. So all in all, this one is"}, {"start": "00:16:59", "end": "00:17:04", "text": "potentially now for the first time ever"}, {"start": "00:17:01", "end": "00:17:05", "text": "creating a higher high instead of just,"}, {"start": "00:17:04", "end": "00:17:07", "text": "you know, high and lower high and lower"}, {"start": "00:17:05", "end": "00:17:10", "text": "high. Now this would be a higher high."}, {"start": "00:17:07", "end": "00:17:12", "text": "So that that that that would be quite"}, {"start": "00:17:10", "end": "00:17:15", "text": "monumental for for Bit Tensor. So keep"}, {"start": "00:17:12", "end": "00:17:17", "text": "an eye on it. Uh let's see. Hideera 11%."}, {"start": "00:17:15", "end": "00:17:20", "text": "Yeah. And then some small pumps. But all"}, {"start": "00:17:17", "end": "00:17:22", "text": "in all, the market is coming back. The"}, {"start": "00:17:20", "end": "00:17:23", "text": "market is just in the beginning. Will"}, {"start": "00:17:22", "end": "00:17:26", "text": "there be pullbacks? There will be"}, {"start": "00:17:23", "end": "00:17:28", "text": "pullback. Overall, if you look in the"}, {"start": "00:17:26", "end": "00:17:29", "text": "coming let's say two three years, how"}, {"start": "00:17:28", "end": "00:17:32", "text": "how are you too late in the in the"}, {"start": "00:17:29", "end": "00:17:34", "text": "coming two three years? Uh the bull"}, {"start": "00:17:32", "end": "00:17:35", "text": "market is is just the beginning. Okay,"}, {"start": "00:17:34", "end": "00:17:38", "text": "it's just the beginning. And let's let's"}, {"start": "00:17:35", "end": "00:17:41", "text": "see last time how many weeks it lasted"}, {"start": "00:17:38", "end": "00:17:42", "text": "uh for Bitcoin just to get some idea,"}, {"start": "00:17:41", "end": "00:17:44", "text": "you know, whether you're too late,"}, {"start": "00:17:42", "end": "00:17:47", "text": "whether you're not too late. Oh my god,"}, {"start": "00:17:44", "end": "00:17:49", "text": "am I too late? I want am I listen how"}, {"start": "00:17:47", "end": "00:17:52", "text": "you're too late? Uh if we measure here"}, {"start": "00:17:49", "end": "00:17:55", "text": "the last bull market,"}, {"start": "00:17:52", "end": "00:17:58", "text": "we start from here until"}, {"start": "00:17:55", "end": "00:18:05", "text": "the real bare trend in on the weekly. It"}, {"start": "00:17:58", "end": "00:18:10", "text": "was 147 weeks. 147 weeks. Okay. Um now"}, {"start": "00:18:05", "end": "00:18:10", "text": "we are how many weeks"}, {"start": "00:18:13", "end": "00:18:20", "text": "we are from this bull? We are in like"}, {"start": "00:18:17", "end": "00:18:24", "text": "week three. Okay."}, {"start": "00:18:20", "end": "00:18:26", "text": "So, you have basically 144 left. If it"}, {"start": "00:18:24", "end": "00:18:27", "text": "will be like last time, I obviously we"}, {"start": "00:18:26", "end": "00:18:29", "text": "don't know what's going to happen. No,"}, {"start": "00:18:27", "end": "00:18:31", "text": "no one knows for sure. You see, we're"}, {"start": "00:18:29", "end": "00:18:32", "text": "not four year cyclists. We're not for"}, {"start": "00:18:31", "end": "00:18:35", "text": "your cyclist. We're going to be adapting"}, {"start": "00:18:32", "end": "00:18:36", "text": "in real time. Uh and this is the problem"}, {"start": "00:18:35", "end": "00:18:38", "text": "with four year cyclists because they"}, {"start": "00:18:36", "end": "00:18:40", "text": "would just be say telling you, yeah,"}, {"start": "00:18:38", "end": "00:18:41", "text": "it's like 144, but who the hell knows"}, {"start": "00:18:40", "end": "00:18:42", "text": "what's going to happen? We're going to"}, {"start": "00:18:41", "end": "00:18:44", "text": "be adapting in real time based on"}, {"start": "00:18:42", "end": "00:18:47", "text": "trends. And uh that's why we're"}, {"start": "00:18:44", "end": "00:18:50", "text": "outperforming the four-year cyclers both"}, {"start": "00:18:47", "end": "00:18:52", "text": "when it comes to becoming bullish fast"}, {"start": "00:18:50", "end": "00:18:57", "text": "enough but also becoming bearish fast"}, {"start": "00:18:52", "end": "00:18:59", "text": "enough because in this situation it the"}, {"start": "00:18:57", "end": "00:19:01", "text": "the miss with the for cycle was that"}, {"start": "00:18:59", "end": "00:19:03", "text": "they did not become bullish fast enough"}, {"start": "00:19:01", "end": "00:19:05", "text": "but next time it could be that they they"}, {"start": "00:19:03", "end": "00:19:07", "text": "will not become bearish fast enough. I"}, {"start": "00:19:05", "end": "00:19:10", "text": "mean you have to understand that at the"}, {"start": "00:19:07", "end": "00:19:11", "text": "end of the day with so few with so few"}, {"start": "00:19:10", "end": "00:19:13", "text": "data points in the four year cycle we"}, {"start": "00:19:11", "end": "00:19:15", "text": "literally have just you know three four"}, {"start": "00:19:13", "end": "00:19:17", "text": "data points in the four year cycle you"}, {"start": "00:19:15", "end": "00:19:21", "text": "cannot make any conclusion all of the"}, {"start": "00:19:17", "end": "00:19:23", "text": "coincidences can be broken at any time"}, {"start": "00:19:21", "end": "00:19:25", "text": "and so that's why trend following is the"}, {"start": "00:19:23", "end": "00:19:26", "text": "no-brainer that works no matter what"}, {"start": "00:19:25", "end": "00:19:28", "text": "sometimes it overlaps with the for cycle"}, {"start": "00:19:26", "end": "00:19:30", "text": "some someone is some sometimes it"}, {"start": "00:19:28", "end": "00:19:31", "text": "doesn't but when it doesn't those that"}, {"start": "00:19:30", "end": "00:19:34", "text": "are trend followers they make money"}, {"start": "00:19:31", "end": "00:19:36", "text": "they're good and for cyclists they then"}, {"start": "00:19:34", "end": "00:19:37", "text": "have to cry that they were wrong. Big"}, {"start": "00:19:36", "end": "00:19:38", "text": "shout out to Ben. Big shout out to Ben."}, {"start": "00:19:37", "end": "00:19:39", "text": "I don't think that Ben was wrong. I"}, {"start": "00:19:38", "end": "00:19:42", "text": "mean, it's markets. You cannot be wrong."}, {"start": "00:19:39", "end": "00:19:43", "text": "You can just manage risk. Like I I I"}, {"start": "00:19:42", "end": "00:19:46", "text": "disagree with the whole framing of this"}, {"start": "00:19:43", "end": "00:19:48", "text": "video. I was wrong."}, {"start": "00:19:46", "end": "00:19:50", "text": "How you were not wrong. You You just"}, {"start": "00:19:48", "end": "00:19:53", "text": "needed to manage the risk, the downside"}, {"start": "00:19:50", "end": "00:19:56", "text": "risk. If I mean, again, are you wrong?"}, {"start": "00:19:53", "end": "00:19:57", "text": "Just think about it. No one knows the f"}, {"start": "00:19:56", "end": "00:19:59", "text": "we're on the same page. No one knows the"}, {"start": "00:19:57", "end": "00:20:00", "text": "future. No one knows the future what's"}, {"start": "00:19:59", "end": "00:20:02", "text": "going to happen. If someone claims that"}, {"start": "00:20:00", "end": "00:20:03", "text": "they know the future, they're a scammer,"}, {"start": "00:20:02", "end": "00:20:06", "text": "a fraud, and forgi. No one knows what's"}, {"start": "00:20:03", "end": "00:20:08", "text": "going to happen in the future. So let's"}, {"start": "00:20:06", "end": "00:20:10", "text": "say so if you don't know the future, you"}, {"start": "00:20:08", "end": "00:20:14", "text": "can only work with probabilities. So"}, {"start": "00:20:10", "end": "00:20:16", "text": "let's say you had a probability 90%"}, {"start": "00:20:14", "end": "00:20:19", "text": "of one outcome and you bet your money"}, {"start": "00:20:16", "end": "00:20:21", "text": "there and then 10% of another outcome."}, {"start": "00:20:19", "end": "00:20:22", "text": "What does it mean? It means that those"}, {"start": "00:20:21", "end": "00:20:25", "text": "10% they can still happen. They're"}, {"start": "00:20:22", "end": "00:20:26", "text": "unlikely. Betting on them will would not"}, {"start": "00:20:25", "end": "00:20:28", "text": "make sense from a risk perspective, but"}, {"start": "00:20:26", "end": "00:20:31", "text": "it can still happen. If you made the"}, {"start": "00:20:28", "end": "00:20:33", "text": "correct bet on the 90%, but then still"}, {"start": "00:20:31", "end": "00:20:36", "text": "the other less likely outcome happened,"}, {"start": "00:20:33", "end": "00:20:37", "text": "were you wrong? You're only wrong if you"}, {"start": "00:20:36", "end": "00:20:39", "text": "don't manage risk. If you went all in,"}, {"start": "00:20:37", "end": "00:20:42", "text": "you leveraged, you got wrecked,"}, {"start": "00:20:39", "end": "00:20:44", "text": "liquidated. Okay, then you're wrong."}, {"start": "00:20:42", "end": "00:20:48", "text": "Don't do that. That's why we have"}, {"start": "00:20:44", "end": "00:20:50", "text": "mechanical rules. You have stop-loss."}, {"start": "00:20:48", "end": "00:20:52", "text": "Never enter anything without stop-loss."}, {"start": "00:20:50", "end": "00:20:54", "text": "In Bulmania, mechanical rules are the"}, {"start": "00:20:52", "end": "00:20:56", "text": "first thing we teach. How to enter, how"}, {"start": "00:20:54", "end": "00:20:59", "text": "to exit. Before you enter, you should"}, {"start": "00:20:56", "end": "00:21:01", "text": "already know when to exit, how to exit,"}, {"start": "00:20:59", "end": "00:21:03", "text": "whether you should ride the trend to"}, {"start": "00:21:01", "end": "00:21:05", "text": "Valhalla or you should take a bit of"}, {"start": "00:21:03", "end": "00:21:07", "text": "profit first or and then you ride only"}, {"start": "00:21:05", "end": "00:21:09", "text": "when the and then you exit the rest only"}, {"start": "00:21:07", "end": "00:21:12", "text": "when B like there are many many"}, {"start": "00:21:09", "end": "00:21:14", "text": "scenarios but I I don't buy the premise"}, {"start": "00:21:12", "end": "00:21:15", "text": "I was wrong. I don't buy it because it's"}, {"start": "00:21:14", "end": "00:21:17", "text": "the markets. It's the markets. But if"}, {"start": "00:21:15", "end": "00:21:18", "text": "you think about you know right or wrong"}, {"start": "00:21:17", "end": "00:21:21", "text": "then you cannot be successful in the"}, {"start": "00:21:18", "end": "00:21:22", "text": "market to begin with. So yeah big shout"}, {"start": "00:21:21", "end": "00:21:24", "text": "out to Ben. He's a great guy, but I I"}, {"start": "00:21:22", "end": "00:21:26", "text": "get a bit concerned that that he's"}, {"start": "00:21:24", "end": "00:21:27", "text": "thinking in this right or wrong. Why are"}, {"start": "00:21:26", "end": "00:21:29", "text": "you thinking in terms of right or wrong?"}, {"start": "00:21:27", "end": "00:21:31", "text": "Think in terms of I manage risk, I did"}, {"start": "00:21:29", "end": "00:21:33", "text": "not manage risk. Okay, that's how you"}, {"start": "00:21:31", "end": "00:21:35", "text": "think about it. And because also it's a"}, {"start": "00:21:33", "end": "00:21:38", "text": "bit bad for the overall, you know,"}, {"start": "00:21:35", "end": "00:21:41", "text": "crypto plebbe because crypto plebbe"}, {"start": "00:21:38", "end": "00:21:43", "text": "wants certainty. Crypto plebe wants uh"}, {"start": "00:21:41", "end": "00:21:45", "text": "you know the correct the correct crypto"}, {"start": "00:21:43", "end": "00:21:47", "text": "plebe who loses money every day. They"}, {"start": "00:21:45", "end": "00:21:49", "text": "want certainty. They want you know tell"}, {"start": "00:21:47", "end": "00:21:50", "text": "me exactly exactly exactly what's going"}, {"start": "00:21:49", "end": "00:21:52", "text": "to happen so I can go all in. I can"}, {"start": "00:21:50", "end": "00:21:54", "text": "leverage. I can sell my house. That's"}, {"start": "00:21:52", "end": "00:21:56", "text": "what the crypto plebe wants. So when"}, {"start": "00:21:54", "end": "00:22:00", "text": "crypto plebbe sees, oh, I was wrong."}, {"start": "00:21:56", "end": "00:22:02", "text": "Crypto plebe the retardio retardio"}, {"start": "00:22:00", "end": "00:22:06", "text": "crypto plebber thinks that it's possible"}, {"start": "00:22:02", "end": "00:22:08", "text": "to be 100% right. While my message to"}, {"start": "00:22:06", "end": "00:22:10", "text": "the crypto plebe is that listen, no one"}, {"start": "00:22:08", "end": "00:22:13", "text": "knows the future."}, {"start": "00:22:10", "end": "00:22:16", "text": "We can only bet on the highest possible"}, {"start": "00:22:13", "end": "00:22:18", "text": "uh probability outcome and we could and"}, {"start": "00:22:16", "end": "00:22:19", "text": "even if we do everything correct, the"}, {"start": "00:22:18", "end": "00:22:22", "text": "market may still go against us. We have"}, {"start": "00:22:19", "end": "00:22:23", "text": "risk management. You understand? Do you"}, {"start": "00:22:22", "end": "00:22:25", "text": "guys understand or I'm speaking to a"}, {"start": "00:22:23", "end": "00:22:28", "text": "wall here? Can can you please confirm"}, {"start": "00:22:25", "end": "00:22:29", "text": "that you understand it? Because I get so"}, {"start": "00:22:28", "end": "00:22:32", "text": "worked up and I get very passionate"}, {"start": "00:22:29", "end": "00:22:34", "text": "about this because the crypto plebe and"}, {"start": "00:22:32", "end": "00:22:35", "text": "guys to be fair many of you are crypto"}, {"start": "00:22:34", "end": "00:22:37", "text": "pleb but it's okay. It's okay. Like I"}, {"start": "00:22:35", "end": "00:22:40", "text": "was also crypto pleb, you know, big"}, {"start": "00:22:37", "end": "00:22:43", "text": "shle. We love the pleb. But this is"}, {"start": "00:22:40", "end": "00:22:45", "text": "where I get so passionate because that's"}, {"start": "00:22:43", "end": "00:22:47", "text": "the thing that needs to click for you."}, {"start": "00:22:45", "end": "00:22:49", "text": "It needs to click. If it doesn't click,"}, {"start": "00:22:47", "end": "00:22:51", "text": "you're gonna be thinking in terms of"}, {"start": "00:22:49", "end": "00:22:52", "text": "right or wrong, and that's when I know"}, {"start": "00:22:51", "end": "00:22:54", "text": "you're a pleb."}, {"start": "00:22:52", "end": "00:22:56", "text": "I'm not saying that Ben is a pleb, but I"}, {"start": "00:22:54", "end": "00:22:57", "text": "get a bit concerned when he's thinking"}, {"start": "00:22:56", "end": "00:22:59", "text": "in terms of right or wrong. I get a bit"}, {"start": "00:22:57", "end": "00:23:00", "text": "concerned when he's thinking. Big shout"}, {"start": "00:22:59", "end": "00:23:02", "text": "out to Ben. I love Ben. I mean, Ben is"}, {"start": "00:23:00", "end": "00:23:04", "text": "great. He's honest guy. You know, he was"}, {"start": "00:23:02", "end": "00:23:07", "text": "he saying, \"I was wrong. I was wrong,"}, {"start": "00:23:04", "end": "00:23:08", "text": "guys. I was I mean I I like him from"}, {"start": "00:23:07", "end": "00:23:10", "text": "that, you know, honesty perspective. I"}, {"start": "00:23:08", "end": "00:23:12", "text": "just I I don't think that is the way to"}, {"start": "00:23:10", "end": "00:23:14", "text": "is the correct way to think, man. I I I"}, {"start": "00:23:12", "end": "00:23:16", "text": "would never think like that. Oh, I was"}, {"start": "00:23:14", "end": "00:23:19", "text": "wrong. Yeah, I have risk management"}, {"start": "00:23:16", "end": "00:23:21", "text": "because if you are wrong, okay, the only"}, {"start": "00:23:19", "end": "00:23:23", "text": "way to be wrong is if you did not manage"}, {"start": "00:23:21", "end": "00:23:25", "text": "risk, you got liquidated, you multiplied"}, {"start": "00:23:23", "end": "00:23:26", "text": "yourself by zero, you multiplied your"}, {"start": "00:23:25", "end": "00:23:27", "text": "portfolio by zero. Okay, then you're"}, {"start": "00:23:26", "end": "00:23:30", "text": "wrong. Then you're wrong. You"}, {"start": "00:23:27", "end": "00:23:32", "text": "understand? Then it's wrong. Then it's"}, {"start": "00:23:30", "end": "00:23:34", "text": "wrong. Then it's wrong. If you manage"}, {"start": "00:23:32", "end": "00:23:37", "text": "risk and the market went against you,"}, {"start": "00:23:34", "end": "00:23:40", "text": "you're not wrong. You're not wrong. If"}, {"start": "00:23:37", "end": "00:23:42", "text": "you took the uh highest possible um"}, {"start": "00:23:40", "end": "00:23:44", "text": "probability outcome and the market went"}, {"start": "00:23:42", "end": "00:23:45", "text": "against you, so your stop loss hit"}, {"start": "00:23:44", "end": "00:23:47", "text": "you're not wrong. I mean that's that"}, {"start": "00:23:45", "end": "00:23:49", "text": "what what else could you have done? You"}, {"start": "00:23:47", "end": "00:23:52", "text": "understand? Oh yeah. Guys, let's go to"}, {"start": "00:23:49", "end": "00:23:55", "text": "Q&A questions, answers, debates,"}, {"start": "00:23:52", "end": "00:23:57", "text": "discussions."}, {"start": "00:23:55", "end": "00:23:59", "text": "If you don't understand what I said, go"}, {"start": "00:23:57", "end": "00:24:01", "text": "and rewatch the stream a million times."}, {"start": "00:23:59", "end": "00:24:04", "text": "Put yourself in a simulation to rewatch"}, {"start": "00:24:01", "end": "00:24:06", "text": "it because uh this is the key, guys. If"}, {"start": "00:24:04", "end": "00:24:07", "text": "you don't get it, I mean, no one can"}, {"start": "00:24:06", "end": "00:24:10", "text": "help you. No one can help you. You are"}, {"start": "00:24:07", "end": "00:24:12", "text": "doomed forever to be the plebe. The"}, {"start": "00:24:10", "end": "00:24:14", "text": "plebbe. And yeah, that's it. Let's see"}, {"start": "00:24:12", "end": "00:24:17", "text": "if we miss some some news. But yeah, uh"}, {"start": "00:24:14", "end": "00:24:20", "text": "the oil's coming down a bit. Uh what"}, {"start": "00:24:17", "end": "00:24:22", "text": "else? Um cryptos bullish many things"}, {"start": "00:24:20", "end": "00:24:25", "text": "flipping bullish on the daily. By the"}, {"start": "00:24:22", "end": "00:24:27", "text": "way, on the two-day, on the daily, avax."}, {"start": "00:24:25", "end": "00:24:28", "text": "Uh oh, let's let's check suy. Let's"}, {"start": "00:24:27", "end": "00:24:30", "text": "check suy. Someone said check sui. Check"}, {"start": "00:24:28", "end": "00:24:32", "text": "suy. Let's check suya. You know, in bull"}, {"start": "00:24:30", "end": "00:24:34", "text": "market, we're bullish. Suya. In the bull"}, {"start": "00:24:32", "end": "00:24:35", "text": "market, we're bullish, but not yet."}, {"start": "00:24:34", "end": "00:24:37", "text": "We're still bearish, guys. We're still"}, {"start": "00:24:35", "end": "00:24:41", "text": "bearish. Sui has not gone bull trend"}, {"start": "00:24:37", "end": "00:24:43", "text": "yet. Okay. Uh once it goes bull trend,"}, {"start": "00:24:41", "end": "00:24:45", "text": "okay, Valhalla, Valhalla. Now, don't"}, {"start": "00:24:43", "end": "00:24:47", "text": "touch it yet. We're not Maybe it gets"}, {"start": "00:24:45", "end": "00:24:48", "text": "rejected. I mean, these things uh I I"}, {"start": "00:24:47", "end": "00:24:49", "text": "need them to be bullish. I'm not"}, {"start": "00:24:48", "end": "00:24:51", "text": "touching until they're bullish. Then we"}, {"start": "00:24:49", "end": "00:24:54", "text": "become bullish. Okay. Then we ride it"}, {"start": "00:24:51", "end": "00:24:55", "text": "back from this flip level. Then you go"}, {"start": "00:24:54", "end": "00:24:57", "text": "back. Yeah, you go back back here like"}, {"start": "00:24:55", "end": "00:25:01", "text": "100% to the to this resistance and to"}, {"start": "00:24:57", "end": "00:25:02", "text": "this high. It is like 400%. So, could be"}, {"start": "00:25:01", "end": "00:25:04", "text": "could could be interesting. Once they go"}, {"start": "00:25:02", "end": "00:25:05", "text": "bullish, but before they go bullish, we"}, {"start": "00:25:04", "end": "00:25:07", "text": "don't touch. We don't touch. We don't"}, {"start": "00:25:05", "end": "00:25:13", "text": "touch."}, {"start": "00:25:07", "end": "00:25:16", "text": "Uh yeah. So that's that. Uh let's see."}, {"start": "00:25:13", "end": "00:25:18", "text": "What else? Let me just check the"}, {"start": "00:25:16", "end": "00:25:21", "text": "GME. GME GameStop. You can check"}, {"start": "00:25:18", "end": "00:25:23", "text": "GameStop apparently weekly flip. Uh"}, {"start": "00:25:21", "end": "00:25:27", "text": "let's see the angle breadth is real on"}, {"start": "00:25:23", "end": "00:25:29", "text": "the weekly across crypto US stocks and"}, {"start": "00:25:27", "end": "00:25:30", "text": "especially leverage crypto tech. So"}, {"start": "00:25:29", "end": "00:25:33", "text": "basically US stocks bullish, crypto"}, {"start": "00:25:30", "end": "00:25:36", "text": "bullish, fantastic. Oil going down very"}, {"start": "00:25:33", "end": "00:25:38", "text": "good. uh CFTC is doing the rules now."}, {"start": "00:25:36", "end": "00:25:40", "text": "SEC is doing the rules now. Clarity Act"}, {"start": "00:25:38", "end": "00:25:41", "text": "and Senate they're not doing any rules"}, {"start": "00:25:40", "end": "00:25:44", "text": "because they are bickering. It's you"}, {"start": "00:25:41", "end": "00:25:47", "text": "know this politicians politicians"}, {"start": "00:25:44", "end": "00:25:48", "text": "talking and talking and"}, {"start": "00:25:47", "end": "00:25:51", "text": "I don't know what they're doing. Nothing"}, {"start": "00:25:48", "end": "00:25:53", "text": "is happening. They're debating but SEC"}, {"start": "00:25:51", "end": "00:25:55", "text": "is taking action. CFTC is taking action"}, {"start": "00:25:53", "end": "00:25:56", "text": "and that's very very good. Ship on"}, {"start": "00:25:55", "end": "00:25:58", "text": "tokenized assets. Let's see what he's"}, {"start": "00:25:56", "end": "00:26:01", "text": "saying. He's saying that tokenized"}, {"start": "00:25:58", "end": "00:26:02", "text": "assets are bearish for Bitcoin. No, it's"}, {"start": "00:26:01", "end": "00:26:05", "text": "not bearish for Bitcoin man. It's not"}, {"start": "00:26:02", "end": "00:26:06", "text": "bearish for Bitcoin, but okay. Uh, no,"}, {"start": "00:26:05", "end": "00:26:08", "text": "no need to comment. I mean, this guy, I"}, {"start": "00:26:06", "end": "00:26:10", "text": "don't even want to spend time. It's more"}, {"start": "00:26:08", "end": "00:26:12", "text": "like a fun thing to read what he says"}, {"start": "00:26:10", "end": "00:26:13", "text": "and just say that it's wrong. I mean,"}, {"start": "00:26:12", "end": "00:26:15", "text": "tokenized stocks is just talk. It's"}, {"start": "00:26:13", "end": "00:26:16", "text": "stock. It's not Bitcoin. If you want,"}, {"start": "00:26:15", "end": "00:26:19", "text": "you want Bitcoin for different reasons,"}, {"start": "00:26:16", "end": "00:26:22", "text": "then you want tokenized stock. It's very"}, {"start": "00:26:19", "end": "00:26:24", "text": "different. So, uh, Europe, Rails, Chain"}, {"start": "00:26:22", "end": "00:26:25", "text": "Link, uh, I'm not buying any of this."}, {"start": "00:26:24", "end": "00:26:27", "text": "The chain link, Ripple, and they need to"}, {"start": "00:26:25", "end": "00:26:28", "text": "go bull trend. If they're bull trend,"}, {"start": "00:26:27", "end": "00:26:31", "text": "we're bullish. Let me just double check"}, {"start": "00:26:28", "end": "00:26:32", "text": "link. It went to bull trend yet or not."}, {"start": "00:26:31", "end": "00:26:34", "text": "Oh, it went to Good, good,"}, {"start": "00:26:32", "end": "00:26:37", "text": "good, good. Yeah, that then is"}, {"start": "00:26:34", "end": "00:26:40", "text": "That is Good, good, good. Uh,"}, {"start": "00:26:37", "end": "00:26:43", "text": "yeah, memes this and that. Pepe is back."}, {"start": "00:26:40", "end": "00:26:47", "text": "Bonk is bonk pumping. Bonk. Not pumping."}, {"start": "00:26:43", "end": "00:26:50", "text": "Not pumping. Only Peppa pumping. Um,"}, {"start": "00:26:47", "end": "00:26:53", "text": "does that gaming all gaming is a scam?"}, {"start": "00:26:50", "end": "00:26:57", "text": "Like Kagi says, I asked Kagi, you know,"}, {"start": "00:26:53", "end": "00:26:59", "text": "the gaming YouTuber. Um, is gaming good"}, {"start": "00:26:57", "end": "00:27:01", "text": "now? He said, no, everything is a scam."}, {"start": "00:26:59", "end": "00:27:03", "text": "He said all of the gaming founders,"}, {"start": "00:27:01", "end": "00:27:06", "text": "they're just scamming. They're fleecing"}, {"start": "00:27:03", "end": "00:27:08", "text": "the audience. They're just scamming and"}, {"start": "00:27:06", "end": "00:27:10", "text": "scamming and scamming. And is Kagi in"}, {"start": "00:27:08", "end": "00:27:13", "text": "the chat now? Kagi Kagi, are you with"}, {"start": "00:27:10", "end": "00:27:18", "text": "us? Kagi even said that he considering"}, {"start": "00:27:13", "end": "00:27:18", "text": "he he considers becoming a scammer."}, {"start": "00:27:19", "end": "00:27:23", "text": "He He's very disappointed in the gaming"}, {"start": "00:27:21", "end": "00:27:25", "text": "industry. He's very disappointed in the"}, {"start": "00:27:23", "end": "00:27:28", "text": "gaming industry. Let's see here what he"}, {"start": "00:27:25", "end": "00:27:30", "text": "said. So basically guys, gaming is"}, {"start": "00:27:28", "end": "00:27:33", "text": "non-existent. Uh let me see where is he."}, {"start": "00:27:30", "end": "00:27:36", "text": "Here here. G I'm really thinking about"}, {"start": "00:27:33", "end": "00:27:38", "text": "becoming a scar."}, {"start": "00:27:36", "end": "00:27:41", "text": "It pays well in this industry and there"}, {"start": "00:27:38", "end": "00:27:43", "text": "are no consequences."}, {"start": "00:27:41", "end": "00:27:45", "text": "Recently a founder told me, I don't"}, {"start": "00:27:43", "end": "00:27:46", "text": "agree with your tactics. And it got me"}, {"start": "00:27:45", "end": "00:27:48", "text": "thinking. So he collaborates with people"}, {"start": "00:27:46", "end": "00:27:52", "text": "who that blatantly scam their audience."}, {"start": "00:27:48", "end": "00:27:54", "text": "But my tactics, which uh is just"}, {"start": "00:27:52", "end": "00:27:55", "text": "basically speaking my mind straight up,"}, {"start": "00:27:54", "end": "00:27:57", "text": "is the problem. N man, this industry is"}, {"start": "00:27:55", "end": "00:28:00", "text": "good. Yeah. Yeah."}, {"start": "00:27:57", "end": "00:28:02", "text": "Oh, yeah. Yeah."}, {"start": "00:28:00", "end": "00:28:04", "text": "Um, let's see what else. Strong. He's"}, {"start": "00:28:02", "end": "00:28:06", "text": "He's chilling strong, guys. He's"}, {"start": "00:28:04", "end": "00:28:07", "text": "chilling strong. Uh, what else he did?"}, {"start": "00:28:06", "end": "00:28:09", "text": "What What's happening? What happened to"}, {"start": "00:28:07", "end": "00:28:12", "text": "Pangu? Alenu did not pump yet to the to"}, {"start": "00:28:09", "end": "00:28:14", "text": "the bull trend. We checked it yesterday."}, {"start": "00:28:12", "end": "00:28:18", "text": "Axi, is Axi doing something? Let's"}, {"start": "00:28:14", "end": "00:28:19", "text": "check. Axi, is it alive? Axi Infinity."}, {"start": "00:28:18", "end": "00:28:22", "text": "But I think we should have new gaming."}, {"start": "00:28:19", "end": "00:28:23", "text": "It should be like new gaming assets."}, {"start": "00:28:22", "end": "00:28:26", "text": "Should we, you know, it should be like"}, {"start": "00:28:23", "end": "00:28:27", "text": "new gaming coins. This old dino coins."}, {"start": "00:28:26", "end": "00:28:29", "text": "Yeah, maybe they're going to come back."}, {"start": "00:28:27", "end": "00:28:32", "text": "Maybe not. But it would be fun with some"}, {"start": "00:28:29", "end": "00:28:34", "text": "new stuff. Now with AI, it's so easy to,"}, {"start": "00:28:32", "end": "00:28:36", "text": "you know, vibe code the game. We should"}, {"start": "00:28:34", "end": "00:28:39", "text": "have like many of them. But yeah, let's"}, {"start": "00:28:36", "end": "00:28:42", "text": "see. All in all, guys, you have Suie"}, {"start": "00:28:39", "end": "00:28:45", "text": "coming back with volume spike"}, {"start": "00:28:42", "end": "00:28:48", "text": "XRP ledger batch payment upgrade. Are"}, {"start": "00:28:45", "end": "00:28:49", "text": "you guys using this XRP I've never"}, {"start": "00:28:48", "end": "00:28:51", "text": "seen anyone use it, but maybe it's maybe"}, {"start": "00:28:49", "end": "00:28:54", "text": "it's big. Are you guys using this XRP"}, {"start": "00:28:51", "end": "00:28:57", "text": "stuff? You're using it? I I have not"}, {"start": "00:28:54", "end": "00:28:59", "text": "used any XRP actually. Yeah, with XRP"}, {"start": "00:28:57", "end": "00:29:01", "text": "the only Okay, to be fair, sometimes we"}, {"start": "00:28:59", "end": "00:29:03", "text": "use it in Bulmania because sometimes"}, {"start": "00:29:01", "end": "00:29:05", "text": "people who join, they want to pay us"}, {"start": "00:29:03", "end": "00:29:06", "text": "with XRP. They need a lot of help in"}, {"start": "00:29:05", "end": "00:29:10", "text": "their trading. They're like, \"Holy"}, {"start": "00:29:06", "end": "00:29:13", "text": "shit.\" But sometimes they pay, okay, in"}, {"start": "00:29:10", "end": "00:29:16", "text": "XRP, but the No, no. So XRP actually,"}, {"start": "00:29:13", "end": "00:29:18", "text": "let me correct it. XRP in most case"}, {"start": "00:29:16", "end": "00:29:20", "text": "they're actually quite okay. The ones"}, {"start": "00:29:18", "end": "00:29:22", "text": "that need most help is those that pay"}, {"start": "00:29:20", "end": "00:29:24", "text": "with ADA. They ask me, Ivan, do you"}, {"start": "00:29:22", "end": "00:29:26", "text": "accept ADA? I'm like, what the hell?"}, {"start": "00:29:24", "end": "00:29:28", "text": "Where? Let me pull up some other. Then I"}, {"start": "00:29:26", "end": "00:29:30", "text": "discovered the ADA wallet, like one of"}, {"start": "00:29:28", "end": "00:29:32", "text": "the main wallets. It got freaking"}, {"start": "00:29:30", "end": "00:29:34", "text": "hacked."}, {"start": "00:29:32", "end": "00:29:36", "text": "Like, how how is it possible? I I was"}, {"start": "00:29:34", "end": "00:29:39", "text": "checking, this was uh maybe two months"}, {"start": "00:29:36", "end": "00:29:42", "text": "ago. I was checking like one of the our"}, {"start": "00:29:39", "end": "00:29:45", "text": "main wallets in ADA, like we have just"}, {"start": "00:29:42", "end": "00:29:48", "text": "one wallet for for ADA. And we had it in"}, {"start": "00:29:45", "end": "00:29:50", "text": "this like in this wallet that got hacked"}, {"start": "00:29:48", "end": "00:29:53", "text": "and it was like the biggest wallet on"}, {"start": "00:29:50", "end": "00:29:55", "text": "other how it got how it get hacked man."}, {"start": "00:29:53", "end": "00:29:58", "text": "So I had to switch to another one. Now"}, {"start": "00:29:55", "end": "00:30:00", "text": "Cardano guys uh it's very tragic very"}, {"start": "00:29:58", "end": "00:30:04", "text": "tragic what's happening on Cardano"}, {"start": "00:30:00", "end": "00:30:06", "text": "TVL alltime low. There was this girl let"}, {"start": "00:30:04", "end": "00:30:08", "text": "me see where she is now. Uh was his"}, {"start": "00:30:06", "end": "00:30:09", "text": "what's her name? Linda. Linda. Is that"}, {"start": "00:30:08", "end": "00:30:13", "text": "her name? Let's see. Linda. Where is"}, {"start": "00:30:09", "end": "00:30:16", "text": "she? She did she did a video on Cardano"}, {"start": "00:30:13", "end": "00:30:19", "text": "that it is Fenito basically guys. It's"}, {"start": "00:30:16", "end": "00:30:22", "text": "Fenito. It's Fenito. It's Fenito. Uh"}, {"start": "00:30:19", "end": "00:30:23", "text": "let's see what she says here. But uh I"}, {"start": "00:30:22", "end": "00:30:25", "text": "think she was one of the biggest"}, {"start": "00:30:23", "end": "00:30:27", "text": "supporters of Cardano. I don't know if"}, {"start": "00:30:25", "end": "00:30:29", "text": "if she still is, but yeah, she went"}, {"start": "00:30:27", "end": "00:30:32", "text": "through here and said, \"Oh my god.\""}, {"start": "00:30:29", "end": "00:30:34", "text": "Yeah. She showed also that the protocols"}, {"start": "00:30:32", "end": "00:30:36", "text": "are making like $500 per day. You you"}, {"start": "00:30:34", "end": "00:30:38", "text": "could open a lemonade stand and make"}, {"start": "00:30:36", "end": "00:30:41", "text": "more money than Cardano Defi. Look at"}, {"start": "00:30:38", "end": "00:30:44", "text": "this. Now the stable coin market cap"}, {"start": "00:30:41", "end": "00:30:46", "text": "also sits at only 65 million at the"}, {"start": "00:30:44", "end": "00:30:49", "text": "moment which is really tiny considering"}, {"start": "00:30:46", "end": "00:30:52", "text": "how big Kadano actually is. The DEX"}, {"start": "00:30:49", "end": "00:30:56", "text": "volume on Kadano is just over a million"}, {"start": "00:30:52", "end": "00:31:00", "text": "on Salana is almost 2 billion."}, {"start": "00:30:56", "end": "00:31:00", "text": "So when we look at the actual DeFi deps"}, {"start": "00:31:00", "end": "00:31:03", "text": "on"}, {"start": "00:31:00", "end": "00:31:04", "text": ">> wait you're see this is this is the"}, {"start": "00:31:03", "end": "00:31:07", "text": "interesting thing where people put"}, {"start": "00:31:04", "end": "00:31:09", "text": "Cardano and Sana as peers. Sometimes you"}, {"start": "00:31:07", "end": "00:31:11", "text": "hear you know you can buy Solana or"}, {"start": "00:31:09", "end": "00:31:12", "text": "other as if it's similar you know"}, {"start": "00:31:11", "end": "00:31:13", "text": "sometimes people say oh but you know"}, {"start": "00:31:12", "end": "00:31:15", "text": "it's like Coca-Cola Pepsi you have"}, {"start": "00:31:13", "end": "00:31:17", "text": "Solana you have other you know this and"}, {"start": "00:31:15", "end": "00:31:19", "text": "they're like the same but I mean you you"}, {"start": "00:31:17", "end": "00:31:22", "text": "you see the difference you see the"}, {"start": "00:31:19", "end": "00:31:26", "text": "difference you see the difference in in"}, {"start": "00:31:22", "end": "00:31:27", "text": "Dex volume Dex volume in uh in ADA uh I"}, {"start": "00:31:26", "end": "00:31:30", "text": "mean just see yourself"}, {"start": "00:31:27", "end": "00:31:31", "text": ">> and now they're sitting at just 1,000"}, {"start": "00:31:30", "end": "00:31:34", "text": "times less"}, {"start": "00:31:31", "end": "00:31:36", "text": ">> Dex volume 24 hours is 1 million like"}, {"start": "00:31:34", "end": "00:31:38", "text": "you know man you can have a whale will"}, {"start": "00:31:36", "end": "00:31:41", "text": "do this volume like just one person can"}, {"start": "00:31:38", "end": "00:31:43", "text": "do this volume on Salana. You know, you"}, {"start": "00:31:41", "end": "00:31:44", "text": "you do a few trades with 100K bum bum"}, {"start": "00:31:43", "end": "00:31:49", "text": "bum bum bum. Like it happens all the"}, {"start": "00:31:44", "end": "00:31:51", "text": "time. And man, come on, man. Charles and"}, {"start": "00:31:49", "end": "00:31:53", "text": "Charles said this is like that because"}, {"start": "00:31:51", "end": "00:31:55", "text": "he's honest and everyone else is"}, {"start": "00:31:53", "end": "00:31:57", "text": "scamming. Everyone else is scamming."}, {"start": "00:31:55", "end": "00:31:59", "text": "Okay, but he's honest. That's why"}, {"start": "00:31:57", "end": "00:32:01", "text": "everything is because he's honest."}, {"start": "00:31:59", "end": "00:32:03", "text": "He's doing fair work. You know, you"}, {"start": "00:32:01", "end": "00:32:05", "text": "know, it's not much, but it's fair work."}, {"start": "00:32:03", "end": "00:32:07", "text": "You say it's honest work and everyone"}, {"start": "00:32:05", "end": "00:32:10", "text": "else is scamming."}, {"start": "00:32:07", "end": "00:32:12", "text": ">> Yes s. So the general metrics for Kadano"}, {"start": "00:32:10", "end": "00:32:15", "text": "don't look too good right now. The"}, {"start": "00:32:12", "end": "00:32:18", "text": "stable coin market cap also sits at only"}, {"start": "00:32:15", "end": "00:32:20", "text": "65 million at the moment which is really"}, {"start": "00:32:18", "end": "00:32:23", "text": "tiny considering how big Kadano actually"}, {"start": "00:32:20", "end": "00:32:26", "text": "is. The DEX volume on Kadano is just"}, {"start": "00:32:23", "end": "00:32:29", "text": "over a million. On Salana is almost 2"}, {"start": "00:32:26", "end": "00:32:33", "text": "billion."}, {"start": "00:32:29", "end": "00:32:36", "text": "So when we look at the actual D5 deps on"}, {"start": "00:32:33", "end": "00:32:39", "text": "Kadano, Defi Llama actually lists about"}, {"start": "00:32:36", "end": "00:32:43", "text": "63 protocols. Some of them have already"}, {"start": "00:32:39", "end": "00:32:46", "text": "shut down like um Deltafi, Yam4a, JPEG"}, {"start": "00:32:43", "end": "00:32:47", "text": "store and so on. But we can see that"}, {"start": "00:32:46", "end": "00:32:51", "text": "only"}, {"start": "00:32:47", "end": "00:32:55", "text": ">> guys the biggest decks on Cardano makes"}, {"start": "00:32:51", "end": "00:32:57", "text": "$3,000 in 24-hour fees. You can"}, {"start": "00:32:55", "end": "00:32:59", "text": "literally again you can make like um"}, {"start": "00:32:57", "end": "00:33:00", "text": "drop shipping. You can be a drop"}, {"start": "00:32:59", "end": "00:33:03", "text": "shipping scammer. You can make more"}, {"start": "00:33:00", "end": "00:33:03", "text": "money"}, {"start": "00:33:04", "end": "00:33:08", "text": "man. What's happening? What's happening?"}, {"start": "00:33:06", "end": "00:33:09", "text": "What after all the it's one of the"}, {"start": "00:33:08", "end": "00:33:11", "text": "oldest projects also you know Cardano is"}, {"start": "00:33:09", "end": "00:33:13", "text": "not new. It's not new. It's one of the"}, {"start": "00:33:11", "end": "00:33:16", "text": "oldest projects. How can be so so little"}, {"start": "00:33:13", "end": "00:33:19", "text": "man? How how how"}, {"start": "00:33:16", "end": "00:33:20", "text": "it's such horrible execution. you know"}, {"start": "00:33:19", "end": "00:33:23", "text": "the I don't know how you say in English"}, {"start": "00:33:20", "end": "00:33:24", "text": "but in Russian you say that your arms"}, {"start": "00:33:23", "end": "00:33:27", "text": "are growing from your ass like you know"}, {"start": "00:33:24", "end": "00:33:29", "text": "it's when you cannot execute properly"}, {"start": "00:33:27", "end": "00:33:31", "text": "you know even if you have good idea your"}, {"start": "00:33:29", "end": "00:33:34", "text": "arms are growing from your ass so you"}, {"start": "00:33:31", "end": "00:33:36", "text": "know you can do nothing can do your"}, {"start": "00:33:34", "end": "00:33:38", "text": "disgrace you understand that's the"}, {"start": "00:33:36", "end": "00:33:43", "text": "problem yes you can there it's one thing"}, {"start": "00:33:38", "end": "00:33:46", "text": "to speak about smart things and and and"}, {"start": "00:33:43", "end": "00:33:49", "text": "the yap but as a okay see we're doing"}, {"start": "00:33:46", "end": "00:33:52", "text": "the show here If you are content"}, {"start": "00:33:49", "end": "00:33:54", "text": "creator, you yap. If you're a founder,"}, {"start": "00:33:52", "end": "00:33:55", "text": "you I think Charles is confusing a bit."}, {"start": "00:33:54", "end": "00:33:57", "text": "Is he content creator or a founder?"}, {"start": "00:33:55", "end": "00:33:59", "text": "Because the founder should not yap too"}, {"start": "00:33:57", "end": "00:34:01", "text": "much. Should freaking build. Freaking"}, {"start": "00:33:59", "end": "00:34:04", "text": "build. You invest in a coin. Founder"}, {"start": "00:34:01", "end": "00:34:06", "text": "don't don't do yapping. Leave the"}, {"start": "00:34:04", "end": "00:34:10", "text": "yapping to the professionals."}, {"start": "00:34:06", "end": "00:34:10", "text": "like yours really."}, {"start": "00:34:11", "end": "00:34:17", "text": "But no, he's going to do sixh hour"}, {"start": "00:34:14", "end": "00:34:21", "text": "trilogy uh content series about why"}, {"start": "00:34:17", "end": "00:34:22", "text": "they're moving to Discord from Twitter."}, {"start": "00:34:21", "end": "00:34:24", "text": "Come on, man. You have the fe. You look"}, {"start": "00:34:22", "end": "00:34:26", "text": "at this. They the they the Dexas, they"}, {"start": "00:34:24", "end": "00:34:29", "text": "make no money. Nothing is happening on"}, {"start": "00:34:26", "end": "00:34:33", "text": "your chain."}, {"start": "00:34:29", "end": "00:34:35", "text": "about one, two, three, four, five, six"}, {"start": "00:34:33", "end": "00:34:38", "text": "of them even generated any fees and"}, {"start": "00:34:35", "end": "00:34:41", "text": "revenue in the last 24 hours. And a lot"}, {"start": "00:34:38", "end": "00:34:43", "text": "of it is actually really negligible when"}, {"start": "00:34:41", "end": "00:34:45", "text": "you look at it. So I would say we're"}, {"start": "00:34:43", "end": "00:34:48", "text": "only really looking at min swap liquid"}, {"start": "00:34:45", "end": "00:34:51", "text": "and strike maybe Sunday swap and wing"}, {"start": "00:34:48", "end": "00:34:54", "text": "riders as well. So we've only got one"}, {"start": "00:34:51", "end": "00:34:55", "text": "DEX, one lending platform and one"}, {"start": "00:34:54", "end": "00:34:56", "text": "perpetuals platform that sees some"}, {"start": "00:34:55", "end": "00:34:59", "text": "activity."}, {"start": "00:34:56", "end": "00:35:00", "text": ">> But look at the TVL, man. TVL 14 million"}, {"start": "00:34:59", "end": "00:35:03", "text": "meaning and that's the whole liquidity"}, {"start": "00:35:00", "end": "00:35:06", "text": "across all the pairs 14 million that's"}, {"start": "00:35:03", "end": "00:35:09", "text": "liquidity across all pairs man you have"}, {"start": "00:35:06", "end": "00:35:10", "text": "uh freaking memecoin on salana having"}, {"start": "00:35:09", "end": "00:35:13", "text": "100 times more than that okay you"}, {"start": "00:35:10", "end": "00:35:15", "text": "understand guys what's happening your"}, {"start": "00:35:13", "end": "00:35:18", "text": "cardia you you kardaniacs what are you"}, {"start": "00:35:15", "end": "00:35:20", "text": "doing what are you doing what are the"}, {"start": "00:35:18", "end": "00:35:22", "text": "hell you doing"}, {"start": "00:35:20", "end": "00:35:26", "text": "nothing exactly"}, {"start": "00:35:22", "end": "00:35:28", "text": ">> of kadano looks pretty bleak now also"}, {"start": "00:35:26", "end": "00:35:30", "text": "just keep in mind that to take these"}, {"start": "00:35:28", "end": "00:35:32", "text": "numbers with a grain of salt because"}, {"start": "00:35:30", "end": "00:35:33", "text": "there's still some activity."}, {"start": "00:35:32", "end": "00:35:34", "text": ">> Anyway, so what's the conclusion from"}, {"start": "00:35:33", "end": "00:35:37", "text": "Linda here?"}, {"start": "00:35:34", "end": "00:35:39", "text": ">> Fundamentally don't care about DeFi that"}, {"start": "00:35:37", "end": "00:35:41", "text": "leaves a genuinely small slice of"}, {"start": "00:35:39", "end": "00:35:44", "text": "existing ADA holders who are actually a"}, {"start": "00:35:41", "end": "00:35:47", "text": "realistic target market. So the point"}, {"start": "00:35:44", "end": "00:35:49", "text": "I'm trying to make here is that the"}, {"start": "00:35:47", "end": "00:35:52", "text": "actual addressable market from Kadano's"}, {"start": "00:35:49", "end": "00:35:55", "text": "own existing base is tiny."}, {"start": "00:35:52", "end": "00:35:57", "text": ">> Yeah. And also like a problem is that"}, {"start": "00:35:55", "end": "00:36:01", "text": "Charles is not really jelling with"}, {"start": "00:35:57", "end": "00:36:03", "text": "anyone in terms of um collaboration. He"}, {"start": "00:36:01", "end": "00:36:05", "text": "he doesn't collaborate too much, you"}, {"start": "00:36:03", "end": "00:36:07", "text": "know, and he says, \"Oh, is we're so"}, {"start": "00:36:05", "end": "00:36:09", "text": "decentralized, so we we don't talk to"}, {"start": "00:36:07", "end": "00:36:11", "text": "anyone, you know, like there's no USDC,"}, {"start": "00:36:09", "end": "00:36:13", "text": "you know, there's no jelling. There's no"}, {"start": "00:36:11", "end": "00:36:15", "text": "jelling.\" And yes, you can have that"}, {"start": "00:36:13", "end": "00:36:16", "text": "view that you're so decentralized,"}, {"start": "00:36:15", "end": "00:36:18", "text": "you're so holy, everyone else is a"}, {"start": "00:36:16", "end": "00:36:20", "text": "scammer because they work with USDC. But"}, {"start": "00:36:18", "end": "00:36:22", "text": "you see the result, man. You see the"}, {"start": "00:36:20", "end": "00:36:23", "text": "total addressable market is so small"}, {"start": "00:36:22", "end": "00:36:26", "text": "because there is no one there. There's"}, {"start": "00:36:23", "end": "00:36:28", "text": "no institution. There's no big liquidity"}, {"start": "00:36:26", "end": "00:36:29", "text": "providers. No one cares about it. You"}, {"start": "00:36:28", "end": "00:36:31", "text": "can argue that your plebs should be"}, {"start": "00:36:29", "end": "00:36:33", "text": "making up all the volume and activity,"}, {"start": "00:36:31", "end": "00:36:35", "text": "but you see the result. You see the"}, {"start": "00:36:33", "end": "00:36:38", "text": "result. Anyway, that's that. Uh big"}, {"start": "00:36:35", "end": "00:36:40", "text": "shout out. Maybe it's going to change. I"}, {"start": "00:36:38", "end": "00:36:43", "text": "mean, listen, we're fair, guys. We are"}, {"start": "00:36:40", "end": "00:36:46", "text": "strict, but we're fair. We're fair."}, {"start": "00:36:43", "end": "00:36:47", "text": "Should the numbers change, man, I'm"}, {"start": "00:36:46", "end": "00:36:49", "text": "we're going to be loving Ada. We're I"}, {"start": "00:36:47", "end": "00:36:52", "text": "have nothing against Ada. I have"}, {"start": "00:36:49", "end": "00:36:53", "text": "something against incompetence and bad"}, {"start": "00:36:52", "end": "00:36:54", "text": "execution. I have a lot against that. I"}, {"start": "00:36:53", "end": "00:36:57", "text": "have a lot against that. I have no"}, {"start": "00:36:54", "end": "00:36:58", "text": "tolerance for that. Uh and also one of"}, {"start": "00:36:57", "end": "00:37:00", "text": "the things that you need to keep an eye"}, {"start": "00:36:58", "end": "00:37:02", "text": "on is of course the price trend. Should"}, {"start": "00:37:00", "end": "00:37:03", "text": "the price flip bullish here, it's very"}, {"start": "00:37:02", "end": "00:37:05", "text": "very close. All of this tech stuff"}, {"start": "00:37:03", "end": "00:37:08", "text": "doesn't even matter. Then we just write"}, {"start": "00:37:05", "end": "00:37:10", "text": "the pump and dump this bull market. Exit"}, {"start": "00:37:08", "end": "00:37:12", "text": "as soon as it goes by trend again. All"}, {"start": "00:37:10", "end": "00:37:13", "text": "of the other holders, they're begging"}, {"start": "00:37:12", "end": "00:37:15", "text": "for a recovery. But you can literally"}, {"start": "00:37:13", "end": "00:37:17", "text": "enter here the the new bull trend. You"}, {"start": "00:37:15", "end": "00:37:19", "text": "can ride it even to this resistance."}, {"start": "00:37:17", "end": "00:37:21", "text": "It's already 100%. And then you dump"}, {"start": "00:37:19", "end": "00:37:22", "text": "back on the ass. You know, the hard"}, {"start": "00:37:21", "end": "00:37:25", "text": "holders, the hope for high, you just"}, {"start": "00:37:22", "end": "00:37:29", "text": "dump back on the ass. Get the 100% gain"}, {"start": "00:37:25", "end": "00:37:31", "text": "and bam, dump it back."}, {"start": "00:37:29", "end": "00:37:33", "text": "Or if it breaks above, okay, go here and"}, {"start": "00:37:31", "end": "00:37:34", "text": "then dump it back there. Okay, big shout"}, {"start": "00:37:33", "end": "00:37:36", "text": "out to other holders if you're here with"}, {"start": "00:37:34", "end": "00:37:38", "text": "us. Fantastic, fantastic, fantastic. I"}, {"start": "00:37:36", "end": "00:37:40", "text": "mean, I love you guys. I love you guys."}, {"start": "00:37:38", "end": "00:37:42", "text": "We love other holders. Other holders, we"}, {"start": "00:37:40", "end": "00:37:44", "text": "love you. We love you. But see, this is"}, {"start": "00:37:42", "end": "00:37:45", "text": "the problem with hodddle. I I hate the"}, {"start": "00:37:44", "end": "00:37:47", "text": "hodddle. When people say hodddle,"}, {"start": "00:37:45", "end": "00:37:48", "text": "hodddle, hodddle, I hate it because"}, {"start": "00:37:47", "end": "00:37:50", "text": "here's what h what's happening. You hold"}, {"start": "00:37:48", "end": "00:37:52", "text": "all the way down. But the problem is"}, {"start": "00:37:50", "end": "00:37:55", "text": "when you recover, you have new traders"}, {"start": "00:37:52", "end": "00:37:56", "text": "like us jumping in and then dumping on"}, {"start": "00:37:55", "end": "00:37:58", "text": "your ass because we have a big profit"}, {"start": "00:37:56", "end": "00:38:00", "text": "already even before you you hit your"}, {"start": "00:37:58", "end": "00:38:02", "text": "break even. Okay? So it becomes just"}, {"start": "00:38:00", "end": "00:38:03", "text": "harder. But listen, new bull trend is"}, {"start": "00:38:02", "end": "00:38:06", "text": "new bull trend. New bull trend is new"}, {"start": "00:38:03", "end": "00:38:07", "text": "bull trend. So yeah, there you go."}, {"start": "00:38:06", "end": "00:38:09", "text": "Snake, guys, what's doing what's"}, {"start": "00:38:07", "end": "00:38:11", "text": "happening? Snake, are you guys alive?"}, {"start": "00:38:09", "end": "00:38:13", "text": "What's happening? Snake is spamming."}, {"start": "00:38:11", "end": "00:38:16", "text": "Snake is always spamming me on Twitter"}, {"start": "00:38:13", "end": "00:38:20", "text": "and everywhere. Uh let me see the"}, {"start": "00:38:16", "end": "00:38:22", "text": "Cardano memecoin, you know. Can it come"}, {"start": "00:38:20", "end": "00:38:24", "text": "back? Guys, if you believe in the crazy"}, {"start": "00:38:22", "end": "00:38:30", "text": "recovery of Cardano,"}, {"start": "00:38:24", "end": "00:38:32", "text": "uh yeah, it's uh but you see you see"}, {"start": "00:38:30", "end": "00:38:35", "text": "why it's so low liquidity, volume,"}, {"start": "00:38:32", "end": "00:38:38", "text": "pathetic, everything is but yeah,"}, {"start": "00:38:35", "end": "00:38:40", "text": "illquid as hell. Ilquid as hell. But"}, {"start": "00:38:38", "end": "00:38:41", "text": "should Cardano, should Cardano get back,"}, {"start": "00:38:40", "end": "00:38:44", "text": "I guess this is going to do, this is"}, {"start": "00:38:41", "end": "00:38:46", "text": "gonna do. Okay. Okay. Snake guys, man."}, {"start": "00:38:44", "end": "00:38:49", "text": "Snake guys. I I think guys, this snack"}, {"start": "00:38:46", "end": "00:38:51", "text": "is like the only community that is doing"}, {"start": "00:38:49", "end": "00:38:53", "text": "something for Cardano. That's the only"}, {"start": "00:38:51", "end": "00:38:55", "text": "thing that's working for them is the"}, {"start": "00:38:53", "end": "00:38:57", "text": "snack. Everything else is for guys."}, {"start": "00:38:55", "end": "00:38:59", "text": "Everything else is I don't know what"}, {"start": "00:38:57", "end": "00:39:00", "text": "they're not executing. They're not"}, {"start": "00:38:59", "end": "00:39:02", "text": "working. They're sleeping. They're lazy"}, {"start": "00:39:00", "end": "00:39:04", "text": "as hell. I don't see them anywhere."}, {"start": "00:39:02", "end": "00:39:05", "text": "Snake guys is the only guys I see"}, {"start": "00:39:04", "end": "00:39:07", "text": "spamming and like promoting and and with"}, {"start": "00:39:05", "end": "00:39:08", "text": "good vibes. With good vibes. Most"}, {"start": "00:39:07", "end": "00:39:10", "text": "importantly, good vibes. Snack always"}, {"start": "00:39:08", "end": "00:39:12", "text": "good vibe. I've never seen anyone from"}, {"start": "00:39:10", "end": "00:39:14", "text": "Snake come and complain and say, \"Oh,"}, {"start": "00:39:12", "end": "00:39:18", "text": "Ivan, why you don't cover? Are you"}, {"start": "00:39:14", "end": "00:39:19", "text": "trying to uh unfairly censor Snake?\""}, {"start": "00:39:18", "end": "00:39:22", "text": "I've never had anything like that"}, {"start": "00:39:19", "end": "00:39:23", "text": "because there there's another community"}, {"start": "00:39:22", "end": "00:39:26", "text": "which is a bit retardio that says it all"}, {"start": "00:39:23", "end": "00:39:28", "text": "the time. Snake never had any bad vibes."}, {"start": "00:39:26", "end": "00:39:30", "text": "So, yeah, let's see if if if anyone can"}, {"start": "00:39:28", "end": "00:39:32", "text": "save Cardano is probably Snake. Charles"}, {"start": "00:39:30", "end": "00:39:34", "text": "will not save it. Charles is"}, {"start": "00:39:32", "end": "00:39:36", "text": "he's not he's not going to save it. But,"}, {"start": "00:39:34", "end": "00:39:39", "text": "um let's see, guys. New bull trend LFG."}, {"start": "00:39:36", "end": "00:39:39", "text": "LG."}, {"start": "00:39:39", "end": "00:39:43", "text": "So"}, {"start": "00:39:41", "end": "00:39:44", "text": "it's because they want to pump. Yeah, I"}, {"start": "00:39:43", "end": "00:39:46", "text": "mean everyone wants to pump their assets"}, {"start": "00:39:44", "end": "00:39:48", "text": "obviously. Obviously, but there are"}, {"start": "00:39:46", "end": "00:39:50", "text": "different strategies. Some people they"}, {"start": "00:39:48", "end": "00:39:52", "text": "want to pump their asset and they become"}, {"start": "00:39:50", "end": "00:39:55", "text": "angry like Ivan, why are you not"}, {"start": "00:39:52", "end": "00:39:57", "text": "covering us? We deserve to be covered."}, {"start": "00:39:55", "end": "00:39:58", "text": "No one cares about your your crapcoin,"}, {"start": "00:39:57", "end": "00:39:59", "text": "your crapcoin, your crap community. No"}, {"start": "00:39:58", "end": "00:40:01", "text": "one cares about it. Okay, that's my"}, {"start": "00:39:59", "end": "00:40:03", "text": "answer. When someone is is demanding"}, {"start": "00:40:01", "end": "00:40:05", "text": "demanding you demand from from me"}, {"start": "00:40:03", "end": "00:40:08", "text": "anything I tell you you are a crap coin"}, {"start": "00:40:05", "end": "00:40:10", "text": "with a crap community no one gives a"}, {"start": "00:40:08", "end": "00:40:13", "text": "hell you know flying duck about your"}, {"start": "00:40:10", "end": "00:40:14", "text": "crap community you're pumping dump okay"}, {"start": "00:40:13", "end": "00:40:17", "text": "your illquid pumping dam no one gives a"}, {"start": "00:40:14", "end": "00:40:18", "text": "crap with so that's one strategy that"}, {"start": "00:40:17", "end": "00:40:20", "text": "they can use in order to try to promote"}, {"start": "00:40:18", "end": "00:40:25", "text": "and another strategy is good vibe good"}, {"start": "00:40:20", "end": "00:40:27", "text": "vibe good vibe sharing streams in their"}, {"start": "00:40:25", "end": "00:40:30", "text": "community giving me viewers you give me"}, {"start": "00:40:27", "end": "00:40:34", "text": "viewer okay the different equation Give"}, {"start": "00:40:30", "end": "00:40:37", "text": "me more viewer. Share. Tell viewer to"}, {"start": "00:40:34", "end": "00:40:40", "text": "get into the newsletter. Okay. Get your"}, {"start": "00:40:37", "end": "00:40:43", "text": "community in. Okay. Every day you post"}, {"start": "00:40:40", "end": "00:40:46", "text": "my stream there. Tag everyone. Tell tell"}, {"start": "00:40:43", "end": "00:40:47", "text": "everyone go watch. Go. Go. See that?"}, {"start": "00:40:46", "end": "00:40:50", "text": "Okay. That is different. That is"}, {"start": "00:40:47", "end": "00:40:50", "text": "different."}, {"start": "00:40:52", "end": "00:40:57", "text": "So"}, {"start": "00:40:53", "end": "00:40:59", "text": "Q&A. Where were we? We started the Q&A"}, {"start": "00:40:57", "end": "00:41:01", "text": "or not? I don't remember. You guys ask"}, {"start": "00:40:59", "end": "00:41:03", "text": "some question"}, {"start": "00:41:01", "end": "00:41:06", "text": "which Dex on soul is best one to use"}, {"start": "00:41:03", "end": "00:41:07", "text": "nowadays. So Jupiter just use Jupiter."}, {"start": "00:41:06", "end": "00:41:10", "text": "Jupiter is the aggregator. Just use"}, {"start": "00:41:07", "end": "00:41:13", "text": "Jupiter. That's it. That's it. Uh in"}, {"start": "00:41:10", "end": "00:41:15", "text": "terms of exposure um you you can buy"}, {"start": "00:41:13", "end": "00:41:17", "text": "Jupiter coin or you can buy also radium."}, {"start": "00:41:15", "end": "00:41:19", "text": "Radium is a bit cheaper. Actually pumps"}, {"start": "00:41:17", "end": "00:41:20", "text": "are faster nowadays. Radium. Radium"}, {"start": "00:41:19", "end": "00:41:24", "text": "versus Jupiter. If it's interesting"}, {"start": "00:41:20", "end": "00:41:27", "text": "let's check radium versus Jupiter. just"}, {"start": "00:41:24", "end": "00:41:29", "text": "if you compare them uh radium now is"}, {"start": "00:41:27", "end": "00:41:31", "text": "leading. This is a chart of radium"}, {"start": "00:41:29", "end": "00:41:34", "text": "divided by Jupiter uh just you know the"}, {"start": "00:41:31", "end": "00:41:37", "text": "price ratio and uh I mean for now at"}, {"start": "00:41:34", "end": "00:41:38", "text": "least uh radium is in a bull trend"}, {"start": "00:41:37", "end": "00:41:41", "text": "versus Jupiter. So in terms of"}, {"start": "00:41:38", "end": "00:41:42", "text": "allocation radium is a bit better now"}, {"start": "00:41:41", "end": "00:41:45", "text": "because it is in bull trend versus"}, {"start": "00:41:42", "end": "00:41:49", "text": "Jupiter. Uh and uh that's the actual"}, {"start": "00:41:45", "end": "00:41:51", "text": "deck. So I wouldn't use radium directly"}, {"start": "00:41:49", "end": "00:41:53", "text": "because you can use Jupiter. It's going"}, {"start": "00:41:51", "end": "00:41:57", "text": "to route you better. But underneath"}, {"start": "00:41:53", "end": "00:41:57", "text": "Jupiter is radium. Okay."}, {"start": "00:41:59", "end": "00:42:04", "text": "Do you know near well? I wouldn't say I"}, {"start": "00:42:02", "end": "00:42:06", "text": "know it well except that it's bull trend"}, {"start": "00:42:04", "end": "00:42:08", "text": "and it's pumping and outside outside of"}, {"start": "00:42:06", "end": "00:42:10", "text": "their confidential transactions and the"}, {"start": "00:42:08", "end": "00:42:12", "text": "privacy use case. But everything else"}, {"start": "00:42:10", "end": "00:42:14", "text": "not really because they change so much."}, {"start": "00:42:12", "end": "00:42:16", "text": "I mean near now it's not the same like"}, {"start": "00:42:14", "end": "00:42:18", "text": "idea or concept. you know they try to"}, {"start": "00:42:16", "end": "00:42:20", "text": "find product market fit. What they found"}, {"start": "00:42:18", "end": "00:42:23", "text": "nicely is this uh privacy aspect. So"}, {"start": "00:42:20", "end": "00:42:24", "text": "that I'm uh that I know uh I know the"}, {"start": "00:42:23", "end": "00:42:27", "text": "price I mean I mainly care about the"}, {"start": "00:42:24", "end": "00:42:30", "text": "price trend uh not tech for guys that"}, {"start": "00:42:27", "end": "00:42:34", "text": "much but then also what do they do in AI"}, {"start": "00:42:30", "end": "00:42:37", "text": "now that you ask about near how is near"}, {"start": "00:42:34", "end": "00:42:42", "text": "connected to AI? Let me ask Bulman AI"}, {"start": "00:42:37", "end": "00:42:45", "text": "this because I near is classified in our"}, {"start": "00:42:42", "end": "00:42:48", "text": "Bulman AI system as AI also. So let me"}, {"start": "00:42:45", "end": "00:42:50", "text": "just clarify on the on the AI but I I"}, {"start": "00:42:48", "end": "00:42:52", "text": "mean everything else with this near that"}, {"start": "00:42:50", "end": "00:42:55", "text": "you know you have I we spoke with the"}, {"start": "00:42:52", "end": "00:42:57", "text": "founder long time ago maybe 2022 and he"}, {"start": "00:42:55", "end": "00:42:59", "text": "explained how you know near can like"}, {"start": "00:42:57", "end": "00:43:01", "text": "control accounts across different chains"}, {"start": "00:42:59", "end": "00:43:04", "text": "like at that point it did not make any"}, {"start": "00:43:01", "end": "00:43:06", "text": "sense. Now they found a use case for it"}, {"start": "00:43:04", "end": "00:43:07", "text": "which is the privacy. So that's good. I"}, {"start": "00:43:06", "end": "00:43:09", "text": "mean that's actual use case. You can"}, {"start": "00:43:07", "end": "00:43:10", "text": "take things cross crosschain in a"}, {"start": "00:43:09", "end": "00:43:13", "text": "private way. That's that's good use"}, {"start": "00:43:10", "end": "00:43:14", "text": "case. Uh and now maybe they also do"}, {"start": "00:43:13", "end": "00:43:16", "text": "something with AI. So basically you know"}, {"start": "00:43:14", "end": "00:43:19", "text": "near is an example where they they"}, {"start": "00:43:16", "end": "00:43:23", "text": "hustle they try to find product market"}, {"start": "00:43:19", "end": "00:43:25", "text": "fit in uh real time and they quite"}, {"start": "00:43:23", "end": "00:43:27", "text": "successfully by the way and there's"}, {"start": "00:43:25", "end": "00:43:29", "text": "nothing wrong with that because that's"}, {"start": "00:43:27", "end": "00:43:31", "text": "the nature of startup and business. you"}, {"start": "00:43:29", "end": "00:43:34", "text": "try to figure out your freaking product"}, {"start": "00:43:31", "end": "00:43:36", "text": "market fit."}, {"start": "00:43:34", "end": "00:43:38", "text": "Most startups don't have it. So let's"}, {"start": "00:43:36", "end": "00:43:40", "text": "see here with AI. So near protocol AI"}, {"start": "00:43:38", "end": "00:43:43", "text": "how they're connect has moved well past"}, {"start": "00:43:40", "end": "00:43:44", "text": "the old fast sharded L1 story is now"}, {"start": "00:43:43", "end": "00:43:48", "text": "explicitly building the infrastructure"}, {"start": "00:43:44", "end": "00:43:48", "text": "for AI agents."}, {"start": "00:43:48", "end": "00:43:52", "text": "Look here private inference verifiable"}, {"start": "00:43:50", "end": "00:43:54", "text": "execution and the ability for those"}, {"start": "00:43:52", "end": "00:43:57", "text": "agents to hold. Guys, c can can we just"}, {"start": "00:43:54", "end": "00:43:59", "text": "pause for a moment and give a big fat"}, {"start": "00:43:57", "end": "00:44:01", "text": "shout out to Bullmania AI? I mean, I"}, {"start": "00:43:59", "end": "00:44:03", "text": "love it so much. Look, all of the cards,"}, {"start": "00:44:01", "end": "00:44:05", "text": "all of the cards, the freaking"}, {"start": "00:44:03", "end": "00:44:08", "text": "influencers, guys, if you are in"}, {"start": "00:44:05", "end": "00:44:09", "text": "Bulmania, use the Bulmania AI. Use it,"}, {"start": "00:44:08", "end": "00:44:11", "text": "use it, use it. I now added it to our"}, {"start": "00:44:09", "end": "00:44:14", "text": "education"}, {"start": "00:44:11", "end": "00:44:16", "text": "to uh when you enter Ivan Trading Secret"}, {"start": "00:44:14", "end": "00:44:19", "text": "course, I think Ivan's trading secrets"}, {"start": "00:44:16", "end": "00:44:22", "text": "in the first uh uh section there is"}, {"start": "00:44:19", "end": "00:44:24", "text": "Bulman AI, guys. Use use Bulman AI."}, {"start": "00:44:22", "end": "00:44:26", "text": "usable."}, {"start": "00:44:24", "end": "00:44:29", "text": "So in traditional crypto smart contract"}, {"start": "00:44:26", "end": "00:44:31", "text": "is the program near framing a agent is"}, {"start": "00:44:29", "end": "00:44:33", "text": "the program. Okay. The model does the"}, {"start": "00:44:31", "end": "00:44:35", "text": "thinking. The blockchain enforces the"}, {"start": "00:44:33", "end": "00:44:37", "text": "limits. Okay. Okay. Okay. Interesting."}, {"start": "00:44:35", "end": "00:44:38", "text": "Near AI cloud models runs inside. Okay."}, {"start": "00:44:37", "end": "00:44:40", "text": "That's interesting. That's interesting."}, {"start": "00:44:38", "end": "00:44:42", "text": "Letting an agent ask for you only works"}, {"start": "00:44:40", "end": "00:44:44", "text": "if you check what it did. Near a cloud"}, {"start": "00:44:42", "end": "00:44:45", "text": "runs every request inside a hardware"}, {"start": "00:44:44", "end": "00:44:49", "text": "seal. Okay. Okay. There we go. There you"}, {"start": "00:44:45", "end": "00:44:51", "text": "go. So yeah, I guess it's both good."}, {"start": "00:44:49", "end": "00:44:55", "text": "See, you always need to focus. I mean"}, {"start": "00:44:51", "end": "00:44:59", "text": "the simplest idea to execute well"}, {"start": "00:44:55", "end": "00:45:02", "text": "you need focus. So when they do both"}, {"start": "00:44:59", "end": "00:45:04", "text": "privacy stuff and like AI stuff maybe"}, {"start": "00:45:02", "end": "00:45:05", "text": "they can do it. Listen if you have good"}, {"start": "00:45:04", "end": "00:45:08", "text": "enough founder maybe he can execute on"}, {"start": "00:45:05", "end": "00:45:09", "text": "it but it's just harder. But this is"}, {"start": "00:45:08", "end": "00:45:11", "text": "good. It's good that they have AI"}, {"start": "00:45:09", "end": "00:45:13", "text": "narrative. Everything is pumping in AI."}, {"start": "00:45:11", "end": "00:45:15", "text": "Near is also now bullsh. So I'm super"}, {"start": "00:45:13", "end": "00:45:18", "text": "bullish near let me be clear. just you"}, {"start": "00:45:15", "end": "00:45:20", "text": "know having built stuff knowing the"}, {"start": "00:45:18", "end": "00:45:22", "text": "challenges of building like things that"}, {"start": "00:45:20", "end": "00:45:23", "text": "uh that that are a bit different like"}, {"start": "00:45:22", "end": "00:45:27", "text": "privacy and AI it's a bit different like"}, {"start": "00:45:23", "end": "00:45:29", "text": "to to have the best privacy tech and AI"}, {"start": "00:45:27", "end": "00:45:31", "text": "let's see if they can do it but it the"}, {"start": "00:45:29", "end": "00:45:34", "text": "narrative is good I mean it's needed"}, {"start": "00:45:31", "end": "00:45:35", "text": "it's it's perfectly needed and also"}, {"start": "00:45:34", "end": "00:45:37", "text": "looking back at Cardano you see they"}, {"start": "00:45:35", "end": "00:45:40", "text": "cannot even focus on getting freaking"}, {"start": "00:45:37", "end": "00:45:42", "text": "dexes to work you know just the simplest"}, {"start": "00:45:40", "end": "00:45:45", "text": "thing that seem easy okay we do a chain"}, {"start": "00:45:42", "end": "00:45:47", "text": "we have a DEX it seems Easy, like a"}, {"start": "00:45:45", "end": "00:45:49", "text": "no-brainer. We do a chain. We do a deck."}, {"start": "00:45:47", "end": "00:45:51", "text": "You see with ADA, they cannot even get"}, {"start": "00:45:49", "end": "00:45:54", "text": "the freaking decks. They have TVL 13"}, {"start": "00:45:51", "end": "00:45:55", "text": "million in the whole freaking decks in"}, {"start": "00:45:54", "end": "00:45:56", "text": "their biggest decks. 13 million. Like"}, {"start": "00:45:55", "end": "00:45:59", "text": "what? What's happening? What's"}, {"start": "00:45:56", "end": "00:46:00", "text": "happening? Please focus, focus, focus on"}, {"start": "00:45:59", "end": "00:46:03", "text": "something. But anyway, so near is both"}, {"start": "00:46:00", "end": "00:46:06", "text": "privacy and AI"}, {"start": "00:46:03", "end": "00:46:07", "text": "and bull trend. And this far they have"}, {"start": "00:46:06", "end": "00:46:09", "text": "been executing well. I mean, their"}, {"start": "00:46:07", "end": "00:46:11", "text": "privacy is very well adopted. Voices are"}, {"start": "00:46:09", "end": "00:46:15", "text": "pairing AI agent layer with chain"}, {"start": "00:46:11", "end": "00:46:17", "text": "abstractions. Uh yeah. So all in all"}, {"start": "00:46:15", "end": "00:46:21", "text": "near is both privacy and AI narrative"}, {"start": "00:46:17", "end": "00:46:21", "text": "from and and most importantly bullshed"}, {"start": "00:46:33", "end": "00:46:40", "text": "from exchanges like XMR in the past"}, {"start": "00:46:36", "end": "00:46:42", "text": "because of being a privacy coin. Uh,"}, {"start": "00:46:40", "end": "00:46:45", "text": "I don't think so because"}, {"start": "00:46:42", "end": "00:46:49", "text": "with Zcash it's not it can also be not"}, {"start": "00:46:45", "end": "00:46:52", "text": "private. So exchanges they they just use"}, {"start": "00:46:49", "end": "00:46:54", "text": "the public version of Zcash. So they"}, {"start": "00:46:52", "end": "00:46:57", "text": "found a way I mean it seems to me at"}, {"start": "00:46:54", "end": "00:47:00", "text": "least that they found a way where they"}, {"start": "00:46:57", "end": "00:47:02", "text": "can still trace the addresses. They know"}, {"start": "00:47:00", "end": "00:47:04", "text": "which address the transaction is coming"}, {"start": "00:47:02", "end": "00:47:07", "text": "from. So I guess that's the uh"}, {"start": "00:47:04", "end": "00:47:09", "text": "difference. Uh but this is the kind of"}, {"start": "00:47:07", "end": "00:47:11", "text": "stuff I want to ask Boomania AI because"}, {"start": "00:47:09", "end": "00:47:13", "text": "that's my you know off-the- cuff thought"}, {"start": "00:47:11", "end": "00:47:17", "text": "but let's let's actually see maybe there"}, {"start": "00:47:13", "end": "00:47:20", "text": "is more nuance here. uh for example did"}, {"start": "00:47:17", "end": "00:47:25", "text": "does Mika for example does Mika allow it"}, {"start": "00:47:20", "end": "00:47:27", "text": "uh because it's it has a nonprivacy mode"}, {"start": "00:47:25", "end": "00:47:29", "text": "like you know the normal mode of Zcash"}, {"start": "00:47:27", "end": "00:47:31", "text": "is non-private uh then you can have"}, {"start": "00:47:29", "end": "00:47:33", "text": "confidential transactions"}, {"start": "00:47:31", "end": "00:47:38", "text": "but if you use an exchange likely it's"}, {"start": "00:47:33", "end": "00:47:38", "text": "going to be the non-confidential uh mode"}, {"start": "00:47:41", "end": "00:47:45", "text": "can go to $1,000 over the next three"}, {"start": "00:47:44", "end": "00:47:47", "text": "It's possible. It's possible. But you"}, {"start": "00:47:45", "end": "00:47:48", "text": "see, it's possible, but it can go bare"}, {"start": "00:47:47", "end": "00:47:50", "text": "trend before that and then we're"}, {"start": "00:47:48", "end": "00:47:52", "text": "bearish. But it's definitely possible. I"}, {"start": "00:47:50", "end": "00:47:54", "text": "think it's going to go above 500 bucks"}, {"start": "00:47:52", "end": "00:47:57", "text": "this this cycle. But um it's one of"}, {"start": "00:47:54", "end": "00:47:58", "text": "these things that if if if it turns bare"}, {"start": "00:47:57", "end": "00:47:59", "text": "before that, we're going to be out"}, {"start": "00:47:58", "end": "00:48:02", "text": "before that. I mean, it's that simple."}, {"start": "00:47:59", "end": "00:48:04", "text": "But yeah, in terms of how high it can"}, {"start": "00:48:02", "end": "00:48:06", "text": "go, it could go to 500, could go to one."}, {"start": "00:48:04", "end": "00:48:08", "text": "I mean, the sky is the limit, man. When"}, {"start": "00:48:06", "end": "00:48:11", "text": "crypto pumps, it pumps. when crypto"}, {"start": "00:48:08", "end": "00:48:14", "text": "pumps we just uh become very how say"}, {"start": "00:48:11", "end": "00:48:17", "text": "humble and we just are thankful for the"}, {"start": "00:48:14", "end": "00:48:19", "text": "pump whether it pumps to 500 or I mean"}, {"start": "00:48:17", "end": "00:48:21", "text": "it's one of these things I can tell you"}, {"start": "00:48:19", "end": "00:48:24", "text": "don't worry too much about that because"}, {"start": "00:48:21", "end": "00:48:26", "text": "no one knows and let's say it goes to"}, {"start": "00:48:24", "end": "00:48:28", "text": "999 and you don't sell and it goes then"}, {"start": "00:48:26", "end": "00:48:31", "text": "back to 100 which can happen in the next"}, {"start": "00:48:28", "end": "00:48:34", "text": "bear you don't want to be in that"}, {"start": "00:48:31", "end": "00:48:36", "text": "position so avoid the round number trap"}, {"start": "00:48:34", "end": "00:48:38", "text": "I also write about it in my book big"}, {"start": "00:48:36", "end": "00:48:42", "text": "profit Um, oh, by the way guys, you"}, {"start": "00:48:38", "end": "00:48:44", "text": "should subscribe to the newsletter. It's"}, {"start": "00:48:42", "end": "00:48:46", "text": "in the uh in the description,"}, {"start": "00:48:44", "end": "00:48:49", "text": "bullman.com/subscribe."}, {"start": "00:48:46", "end": "00:48:51", "text": "I will be emailing you out a link uh"}, {"start": "00:48:49", "end": "00:48:54", "text": "later today to everyone on the"}, {"start": "00:48:51", "end": "00:48:56", "text": "newsletter to get Bullmania book with a"}, {"start": "00:48:54", "end": "00:48:59", "text": "big fat discount. Everyone's going to"}, {"start": "00:48:56", "end": "00:49:01", "text": "get in the newsletter a big fat"}, {"start": "00:48:59", "end": "00:49:04", "text": "discounted link. If there's anything you"}, {"start": "00:49:01", "end": "00:49:05", "text": "should read on the holiday or just"}, {"start": "00:49:04", "end": "00:49:08", "text": "before the bull market, you should read"}, {"start": "00:49:05", "end": "00:49:10", "text": "the big profits, the big fat juicy"}, {"start": "00:49:08", "end": "00:49:12", "text": "amazing profits. You should read it."}, {"start": "00:49:10", "end": "00:49:13", "text": "Okay, so go to newsletter link below."}, {"start": "00:49:12", "end": "00:49:14", "text": "We're going to be sending it out to you."}, {"start": "00:49:13", "end": "00:49:17", "text": "It's going to be great. You're going to"}, {"start": "00:49:14", "end": "00:49:18", "text": "love it. It's one just the book changes"}, {"start": "00:49:17", "end": "00:49:20", "text": "people's lives. I mean, sometimes people"}, {"start": "00:49:18", "end": "00:49:22", "text": "when they join Bulmania, they say, \"Man,"}, {"start": "00:49:20", "end": "00:49:24", "text": "I read the book. Wow, I got goose"}, {"start": "00:49:22", "end": "00:49:26", "text": "goosebump.\" Because the first chapter"}, {"start": "00:49:24", "end": "00:49:28", "text": "here, you know, the first chapter we got"}, {"start": "00:49:26", "end": "00:49:30", "text": "people like, \"Holy I got goose"}, {"start": "00:49:28", "end": "00:49:34", "text": "goosebumps because I I recognize myself"}, {"start": "00:49:30", "end": "00:49:37", "text": "in your story, Ivan.\" They tell me,"}, {"start": "00:49:34", "end": "00:49:39", "text": "\"Oo, yo, yo, guys. Uh, am I seeing is"}, {"start": "00:49:37", "end": "00:49:41", "text": "correct? Polka dot revenue is 25 in"}, {"start": "00:49:39", "end": "00:49:42", "text": "something like that.\" Yeah. Yeah. Poling"}, {"start": "00:49:41", "end": "00:49:44", "text": "pul It's a ghost chain. It's a ghost"}, {"start": "00:49:42", "end": "00:49:46", "text": "chain. No one using pol. Let's Let's"}, {"start": "00:49:44", "end": "00:49:47", "text": "check that. Let's check that as the"}, {"start": "00:49:46", "end": "00:49:52", "text": "final thing. Maybe Polot is going to be"}, {"start": "00:49:47", "end": "00:49:54", "text": "back, but yeah, it's uh not not really"}, {"start": "00:49:52", "end": "00:49:58", "text": "doing that. Great."}, {"start": "00:49:54", "end": "00:49:59", "text": "Polka dot. No, no, no. It's not 25. It's"}, {"start": "00:49:58", "end": "00:50:02", "text": "$26."}, {"start": "00:49:59", "end": "00:50:05", "text": "What? What? Why are you fudging,"}, {"start": "00:50:02", "end": "00:50:08", "text": "guys? Why are you fudging? It's not $25."}, {"start": "00:50:05", "end": "00:50:08", "text": "It's $26."}, {"start": "00:50:12", "end": "00:50:17", "text": "People spread fat. They want to They"}, {"start": "00:50:13", "end": "00:50:17", "text": "want to dump Polka to buy cheap."}, {"start": "00:50:18", "end": "00:50:25", "text": "So, uh, inflow is zero."}, {"start": "00:50:22", "end": "00:50:29", "text": "Active address is three. No way, man. Is"}, {"start": "00:50:25", "end": "00:50:29", "text": "it three? Really?"}, {"start": "00:50:33", "end": "00:50:37", "text": "Is it correct, guys? Is it correct?"}, {"start": "00:50:34", "end": "00:50:39", "text": "Maybe it's incorrect."}, {"start": "00:50:37", "end": "00:50:40", "text": "But it won't surprise me. I mean, I I"}, {"start": "00:50:39", "end": "00:50:41", "text": "don't know anyone in You can buy"}, {"start": "00:50:40", "end": "00:50:44", "text": "Exactly. You can buy like a two"}, {"start": "00:50:41", "end": "00:50:45", "text": "cheeseburger. They would be better off"}, {"start": "00:50:44", "end": "00:50:47", "text": "selling two one cheeseburger. Two"}, {"start": "00:50:45", "end": "00:50:50", "text": "cheeseburger. What's the inflation now?"}, {"start": "00:50:47", "end": "00:50:54", "text": "How much is one cheeseburger?"}, {"start": "00:50:50", "end": "00:50:57", "text": "Oh yeah. Yeah. Let's see. Salana"}, {"start": "00:50:54", "end": "00:50:58", "text": "active addresses. 3.1 million active"}, {"start": "00:50:57", "end": "00:51:00", "text": "addresses on Salana in the last 24"}, {"start": "00:50:58", "end": "00:51:02", "text": "hours. I mean this is these are proper"}, {"start": "00:51:00", "end": "00:51:04", "text": "stats guys. These are proper stats."}, {"start": "00:51:02", "end": "00:51:08", "text": "Let's check Robin Hood chain. Active"}, {"start": "00:51:04", "end": "00:51:10", "text": "addresses. Where are they? Why is it not"}, {"start": "00:51:08", "end": "00:51:13", "text": "saying here? Uh yeah they they don't"}, {"start": "00:51:10", "end": "00:51:15", "text": "have it. Volume here is 1.5 billion. On"}, {"start": "00:51:13", "end": "00:51:19", "text": "Sana it is"}, {"start": "00:51:15", "end": "00:51:23", "text": "it is yeah they also have per DEX volume"}, {"start": "00:51:19", "end": "00:51:25", "text": "3.7 and then per 1.2."}, {"start": "00:51:23", "end": "00:51:27", "text": "Let's check Bosch what's happening."}, {"start": "00:51:25", "end": "00:51:29", "text": "Binoshen one point even Bosch is doing"}, {"start": "00:51:27", "end": "00:51:32", "text": "better. Tron"}, {"start": "00:51:29", "end": "00:51:34", "text": "Dex fe DEX volume actually not that much"}, {"start": "00:51:32", "end": "00:51:37", "text": "because Tron is mainly used for stable"}, {"start": "00:51:34", "end": "00:51:40", "text": "coins so they don't have too much yeah"}, {"start": "00:51:37", "end": "00:51:41", "text": "trading and stuff. So guys that's it."}, {"start": "00:51:40", "end": "00:51:43", "text": "Thank you very much. Thank you very"}, {"start": "00:51:41", "end": "00:51:45", "text": "much. Smash up the like. Subscribe to"}, {"start": "00:51:43", "end": "00:51:48", "text": "the channel if you haven't yet. Uh big"}, {"start": "00:51:45", "end": "00:51:50", "text": "shout out to Guzman for timestamping us."}, {"start": "00:51:48", "end": "00:51:54", "text": "And the most important CTA of today is"}, {"start": "00:51:50", "end": "00:51:55", "text": "to go to number one Bulma newsletter. So"}, {"start": "00:51:54", "end": "00:51:57", "text": "you get the discount to the book going"}, {"start": "00:51:55", "end": "00:52:01", "text": "to be emailing emailed out today. That's"}, {"start": "00:51:57", "end": "00:52:03", "text": "number one. Number two is bulmania.com"}, {"start": "00:52:01", "end": "00:52:04", "text": "for the weight list. You come here, you"}, {"start": "00:52:03", "end": "00:52:07", "text": "scroll down, join the wait list here."}, {"start": "00:52:04", "end": "00:52:09", "text": "join the weight list because Bulmania we"}, {"start": "00:52:07", "end": "00:52:11", "text": "are releasing spots this week and the"}, {"start": "00:52:09", "end": "00:52:14", "text": "price of Bulmania is increasing when"}, {"start": "00:52:11", "end": "00:52:16", "text": "Bitcoin hits 100K. Okay, very important"}, {"start": "00:52:14", "end": "00:52:18", "text": "to join otherwise all the mistakes will"}, {"start": "00:52:16", "end": "00:52:21", "text": "be repeated and yeah you you know the"}, {"start": "00:52:18", "end": "00:52:22", "text": "drill. Um what else? Oh, yeah. Yeah."}, {"start": "00:52:21", "end": "00:52:25", "text": "Final thing, guys. Final thing. I"}, {"start": "00:52:22", "end": "00:52:26", "text": "forgot. Uh, Kalshi Kalshi starter pack"}, {"start": "00:52:25", "end": "00:52:28", "text": "below. Click the link. Also, enter your"}, {"start": "00:52:26", "end": "00:52:32", "text": "email. You're going to be getting Kali"}, {"start": "00:52:28", "end": "00:52:34", "text": "signup link. And Kali is giving out $500"}, {"start": "00:52:32", "end": "00:52:37", "text": "to everyone. Sorry, not definitely not"}, {"start": "00:52:34", "end": "00:52:40", "text": "to everyone to someone to someone who"}, {"start": "00:52:37", "end": "00:52:43", "text": "trades at least $50 uh every day. So,"}, {"start": "00:52:40", "end": "00:52:46", "text": "it's every day a random person gets $500"}, {"start": "00:52:43", "end": "00:52:49", "text": "and you are part of that pool of random"}, {"start": "00:52:46", "end": "00:52:51", "text": "people if you trade at least 50. And uh"}, {"start": "00:52:49", "end": "00:52:54", "text": "this is fully confirmed. If you go to my"}, {"start": "00:52:51", "end": "00:52:58", "text": "Twitter, I tweeted it and you see here"}, {"start": "00:52:54", "end": "00:53:00", "text": "Kalshi saying LFG. So this is fully"}, {"start": "00:52:58", "end": "00:53:01", "text": "confirmed. They're the ones that are"}, {"start": "00:53:00", "end": "00:53:03", "text": "distributing. I mean I don't even know"}, {"start": "00:53:01", "end": "00:53:06", "text": "myself who they give to they but they"}, {"start": "00:53:03", "end": "00:53:08", "text": "for sure for sure like a million% they"}, {"start": "00:53:06", "end": "00:53:12", "text": "are distributing to a random person"}, {"start": "00:53:08", "end": "00:53:15", "text": "every day $500 if you trade at least 50."}, {"start": "00:53:12", "end": "00:53:18", "text": "So, I asked them to tweet to to comment"}, {"start": "00:53:15", "end": "00:53:20", "text": "because uh we get no I mean I I don't"}, {"start": "00:53:18", "end": "00:53:23", "text": "know exactly who but they are for sure"}, {"start": "00:53:20", "end": "00:53:24", "text": "saying it happens and I trust them"}, {"start": "00:53:23", "end": "00:53:26", "text": "because they're US regulated and if"}, {"start": "00:53:24", "end": "00:53:29", "text": "you're US regulated you cannot have like"}, {"start": "00:53:26", "end": "00:53:33", "text": "a fake uh giveaway. So giveaway is 100%"}, {"start": "00:53:29", "end": "00:53:35", "text": "legit. 100% legit"}, {"start": "00:53:33", "end": "00:53:37", "text": "and uh they do it I mean we do it every"}, {"start": "00:53:35", "end": "00:53:40", "text": "day. We do it on a daily freaking basis."}, {"start": "00:53:37", "end": "00:53:43", "text": "So go below Kali starter pack enter your"}, {"start": "00:53:40", "end": "00:53:45", "text": "email. You're going to be emailed a list"}, {"start": "00:53:43", "end": "00:53:48", "text": "of links for Kali and other exchanges."}, {"start": "00:53:45", "end": "00:53:49", "text": "Join Kalshi using our link and then"}, {"start": "00:53:48", "end": "00:53:52", "text": "you're going to be participating. Guys,"}, {"start": "00:53:49", "end": "00:53:53", "text": "thank you very much. Yo, Kagi Kagi Kagi,"}, {"start": "00:53:52", "end": "00:53:55", "text": "go back and watch. I talked about you. I"}, {"start": "00:53:53", "end": "00:53:57", "text": "talked about you. I talked about you."}, {"start": "00:53:55", "end": "00:53:59", "text": "You're going to find out if you watch"}, {"start": "00:53:57", "end": "00:54:00", "text": "the stream. Have a good day and goodbye,"}, {"start": "00:53:59", "end": "00:54:02", "text": "guys. Goodbye. Goodbye. Goodbye. Smash"}, {"start": "00:54:00", "end": "00:54:05", "text": "up the like. Bye-bye. Big shout out to"}, {"start": "00:54:02", "end": "00:54:08", "text": "Guzman. So many CTAs, guys. We have too"}, {"start": "00:54:05", "end": "00:54:08", "text": "many CTAs. Shout out to"}]

[{"start": "00:00:00", "end": "00:00:03", "text": "clicking the button."}, {"start": "00:00:04", "end": "00:00:08", "text": "Oh yes, yes, yes, yes. Guys, welcome to"}, {"start": "00:00:06", "end": "00:00:10", "text": "another episode. And as you can see"}, {"start": "00:00:08", "end": "00:00:13", "text": "right now, guys, Bitcoin is lifting off."}, {"start": "00:00:10", "end": "00:00:14", "text": "We have a liftoff. We are right now at"}, {"start": "00:00:13", "end": "00:00:17", "text": "$84,000"}, {"start": "00:00:14", "end": "00:00:19", "text": "and we're going higher. They told us"}, {"start": "00:00:17", "end": "00:00:21", "text": "there would be a Bart pattern. People"}, {"start": "00:00:19", "end": "00:00:23", "text": "were saying, Ivan, be careful. There is"}, {"start": "00:00:21", "end": "00:00:27", "text": "a Bart pattern. I clearly told you there"}, {"start": "00:00:23", "end": "00:00:30", "text": "is no Bart. There is zero chance of"}, {"start": "00:00:27", "end": "00:00:34", "text": "Bart. I was very very clear that we will"}, {"start": "00:00:30", "end": "00:00:37", "text": "not have any kind of B and guess what"}, {"start": "00:00:34", "end": "00:00:39", "text": "guess what there is no B there is no B"}, {"start": "00:00:37", "end": "00:00:42", "text": "just like here you remember on September"}, {"start": "00:00:39", "end": "00:00:45", "text": "3rd I was telling you Bitcoin is pumping"}, {"start": "00:00:42", "end": "00:00:46", "text": "B pattern don't worry about B pattern"}, {"start": "00:00:45", "end": "00:00:48", "text": "don't worry about B pattern there was"}, {"start": "00:00:46", "end": "00:00:51", "text": "someone famous who was telling you to be"}, {"start": "00:00:48", "end": "00:00:53", "text": "worried we told you don't worry it is"}, {"start": "00:00:51", "end": "00:00:56", "text": "time to be bullish it's not time to be"}, {"start": "00:00:53", "end": "00:00:58", "text": "bearish time to be bearish was last"}, {"start": "00:00:56", "end": "00:01:00", "text": "October Now it's time to be bullish"}, {"start": "00:00:58", "end": "00:01:04", "text": "people. I don't know how many people got"}, {"start": "00:01:00", "end": "00:01:07", "text": "uh shaken out with this B pattern. Don't"}, {"start": "00:01:04", "end": "00:01:10", "text": "worry, we told you and yes indeed it is"}, {"start": "00:01:07", "end": "00:01:12", "text": "now pumping. We've been so corrected. I"}, {"start": "00:01:10", "end": "00:01:15", "text": "mean literally insane. You remember"}, {"start": "00:01:12", "end": "00:01:16", "text": "October we send up since July we are"}, {"start": "00:01:15", "end": "00:01:19", "text": "starting to accumulate because we're"}, {"start": "00:01:16", "end": "00:01:22", "text": "below 200 week moving average. We"}, {"start": "00:01:19", "end": "00:01:24", "text": "avoided the fake pump in May. I told you"}, {"start": "00:01:22", "end": "00:01:26", "text": "it's premature bulljulation."}, {"start": "00:01:24", "end": "00:01:28", "text": "In July we start accumulate below the"}, {"start": "00:01:26", "end": "00:01:30", "text": "200 moving average. Now this pump"}, {"start": "00:01:28", "end": "00:01:32", "text": "happened everyone said bars bars be"}, {"start": "00:01:30", "end": "00:01:34", "text": "careful be careful be careful be careful"}, {"start": "00:01:32", "end": "00:01:37", "text": "but we said don't be careful be bullish"}, {"start": "00:01:34", "end": "00:01:40", "text": "be bullish bullish bullish bullish and"}, {"start": "00:01:37", "end": "00:01:42", "text": "yes indeed it is now pumping higher and"}, {"start": "00:01:40", "end": "00:01:45", "text": "higher and I fully agree with Fred"}, {"start": "00:01:42", "end": "00:01:47", "text": "Krueger now in the in the bare market we"}, {"start": "00:01:45", "end": "00:01:49", "text": "disagree with with Fred. I love Fred but"}, {"start": "00:01:47", "end": "00:01:51", "text": "we disagree with him heavily. He was"}, {"start": "00:01:49", "end": "00:01:53", "text": "fully wrong in the bear. Fully wrong"}, {"start": "00:01:51", "end": "00:01:56", "text": "100% wrong. He I don't know I don't know"}, {"start": "00:01:53", "end": "00:01:58", "text": "if if he exited in Q4 but now he's"}, {"start": "00:01:56", "end": "00:02:00", "text": "correct. He is correct and he's saying"}, {"start": "00:01:58", "end": "00:02:03", "text": "Bitcoin has turned the corner. This is"}, {"start": "00:02:00", "end": "00:02:06", "text": "not a dead cat bounce. It's not boring."}, {"start": "00:02:03", "end": "00:02:07", "text": "It's the beginning of a new bull market."}, {"start": "00:02:06", "end": "00:02:09", "text": "Yes. Yes. Yes. Indeed. I think so"}, {"start": "00:02:07", "end": "00:02:13", "text": "because look at the chart guys. We are a"}, {"start": "00:02:09", "end": "00:02:14", "text": "new bull trend guys. I mean every time I"}, {"start": "00:02:13", "end": "00:02:17", "text": "tell you things that are correct there's"}, {"start": "00:02:14", "end": "00:02:19", "text": "always some oh no you know scared or"}, {"start": "00:02:17", "end": "00:02:22", "text": "whatever. People em so emotional. So"}, {"start": "00:02:19", "end": "00:02:23", "text": "many emotional dudes in crypto is crazy."}, {"start": "00:02:22", "end": "00:02:25", "text": "But you know bull trend is bull trend."}, {"start": "00:02:23", "end": "00:02:28", "text": "You got to respect the bull trend in all"}, {"start": "00:02:25", "end": "00:02:30", "text": "assets. We respect the bull trend. You"}, {"start": "00:02:28", "end": "00:02:32", "text": "have to respect the bull trend. We flip"}, {"start": "00:02:30", "end": "00:02:35", "text": "bullish. We did have a week of"}, {"start": "00:02:32", "end": "00:02:39", "text": "hesitation final final shakeout to get"}, {"start": "00:02:35", "end": "00:02:41", "text": "the weak hands out. Then this weekly"}, {"start": "00:02:39", "end": "00:02:44", "text": "close that just happened uh like 12"}, {"start": "00:02:41", "end": "00:02:46", "text": "hours ago. It really showed the strength"}, {"start": "00:02:44", "end": "00:02:49", "text": "here because you see it engulfed it"}, {"start": "00:02:46", "end": "00:02:51", "text": "fully engulfed the red candle. meaning"}, {"start": "00:02:49", "end": "00:02:53", "text": "that we pumped so much that we fully"}, {"start": "00:02:51", "end": "00:02:55", "text": "eclipse this green candle is bigger than"}, {"start": "00:02:53", "end": "00:02:57", "text": "the red candle. It's a big show of"}, {"start": "00:02:55", "end": "00:03:00", "text": "strength. This is so-called engulfing"}, {"start": "00:02:57", "end": "00:03:02", "text": "candle. It's such a strong signal. Super"}, {"start": "00:03:00", "end": "00:03:04", "text": "strong signal. And now boop continuation"}, {"start": "00:03:02", "end": "00:03:05", "text": "to the upside going higher, higher and"}, {"start": "00:03:04", "end": "00:03:08", "text": "higher. And guys, you know the next"}, {"start": "00:03:05", "end": "00:03:12", "text": "station, the next station for us is"}, {"start": "00:03:08", "end": "00:03:14", "text": "100K. You remember the song 100k"}, {"start": "00:03:12", "end": "00:03:16", "text": "100. It's going to come back. We're"}, {"start": "00:03:14", "end": "00:03:18", "text": "going to come back. And in Bull Mania,"}, {"start": "00:03:16", "end": "00:03:20", "text": "people are princing every day. I love"}, {"start": "00:03:18", "end": "00:03:22", "text": "coming to this sharing gains channel."}, {"start": "00:03:20", "end": "00:03:25", "text": "Every day there is something here with"}, {"start": "00:03:22", "end": "00:03:27", "text": "Ena Frank is printing printing printing"}, {"start": "00:03:25", "end": "00:03:28", "text": "near printing printing printing. You see"}, {"start": "00:03:27", "end": "00:03:30", "text": "four year cyclingers I don't know what"}, {"start": "00:03:28", "end": "00:03:32", "text": "they're doing but they're not printing."}, {"start": "00:03:30", "end": "00:03:35", "text": "We're printing here daily Mustang"}, {"start": "00:03:32", "end": "00:03:38", "text": "sharing a very nice long on Zcash. You"}, {"start": "00:03:35", "end": "00:03:42", "text": "have Marco with uh Venice. Venice"}, {"start": "00:03:38", "end": "00:03:45", "text": "fantastic. You have also here Arctic"}, {"start": "00:03:42", "end": "00:03:47", "text": "fantastic gains here and here and here"}, {"start": "00:03:45", "end": "00:03:50", "text": "and here. And guys, you know, Bullmania"}, {"start": "00:03:47", "end": "00:03:52", "text": "has been closed, but we are opening it"}, {"start": "00:03:50", "end": "00:03:54", "text": "up. You have the first link in"}, {"start": "00:03:52", "end": "00:03:56", "text": "description to join weight list. We will"}, {"start": "00:03:54", "end": "00:03:59", "text": "be sending out spots later today. And"}, {"start": "00:03:56", "end": "00:04:02", "text": "you have now the chance to join below"}, {"start": "00:03:59", "end": "00:04:04", "text": "100K. When Bitcoin flips 100K, we're"}, {"start": "00:04:02", "end": "00:04:07", "text": "going to raise price again. We're going"}, {"start": "00:04:04", "end": "00:04:10", "text": "to demand is crazy, guys. So, if you"}, {"start": "00:04:07", "end": "00:04:11", "text": "want to join Bullmania, go to the first"}, {"start": "00:04:10", "end": "00:04:13", "text": "link in description. It should be"}, {"start": "00:04:11", "end": "00:04:14", "text": "Bullmania weight list. You can refresh"}, {"start": "00:04:13", "end": "00:04:16", "text": "the stream because I just added it"}, {"start": "00:04:14", "end": "00:04:19", "text": "before going live because Bullmania has"}, {"start": "00:04:16", "end": "00:04:21", "text": "been closed. So you actually get proper"}, {"start": "00:04:19", "end": "00:04:25", "text": "trading strategy. And by the way, one of"}, {"start": "00:04:21", "end": "00:04:26", "text": "the groups I'm most fearful about it is"}, {"start": "00:04:25", "end": "00:04:28", "text": "the holders because people who just"}, {"start": "00:04:26", "end": "00:04:29", "text": "thinking, \"Oh, I'm just going to hold."}, {"start": "00:04:28", "end": "00:04:32", "text": "I'm just going to hold.\" Well, guess"}, {"start": "00:04:29", "end": "00:04:34", "text": "what? You held last bull market also."}, {"start": "00:04:32", "end": "00:04:35", "text": "You held all the way down to the bear."}, {"start": "00:04:34", "end": "00:04:37", "text": "Like you see people repeat the same"}, {"start": "00:04:35", "end": "00:04:39", "text": "mistake because they don't understand"}, {"start": "00:04:37", "end": "00:04:40", "text": "the market. They think this time I'm"}, {"start": "00:04:39", "end": "00:04:42", "text": "going to do it correct. Really? You're"}, {"start": "00:04:40", "end": "00:04:43", "text": "going to do it correct without"}, {"start": "00:04:42", "end": "00:04:45", "text": "education, without proper education,"}, {"start": "00:04:43", "end": "00:04:46", "text": "without taking B. You going to do it"}, {"start": "00:04:45", "end": "00:04:49", "text": "fully correct like the last five cycles"}, {"start": "00:04:46", "end": "00:04:52", "text": "you did fully correct. Big big shout."}, {"start": "00:04:49", "end": "00:04:54", "text": "Big shout also to dub for time stamping"}, {"start": "00:04:52", "end": "00:04:57", "text": "us. How are we doing this fantastic"}, {"start": "00:04:54", "end": "00:05:00", "text": "fantastic Monday? So very important"}, {"start": "00:04:57", "end": "00:05:02", "text": "before 100K you can still get bulmania"}, {"start": "00:05:00", "end": "00:05:05", "text": "at current price. After 100K boop boop"}, {"start": "00:05:02", "end": "00:05:07", "text": "boop big big Valhalla big Valhalla for"}, {"start": "00:05:05", "end": "00:05:09", "text": "Bitcoin price and Bulmania price. Why?"}, {"start": "00:05:07", "end": "00:05:12", "text": "Because they go hand in hand. We have"}, {"start": "00:05:09", "end": "00:05:14", "text": "such a demand that we need to scale. Now"}, {"start": "00:05:12", "end": "00:05:16", "text": "Jason, we have Jason for 101 coaching."}, {"start": "00:05:14", "end": "00:05:18", "text": "We have also T was joining all of you"}, {"start": "00:05:16", "end": "00:05:21", "text": "guys in Bulmania. Check the announcement"}, {"start": "00:05:18", "end": "00:05:24", "text": "because Tu is joining. He he did find"}, {"start": "00:05:21", "end": "00:05:27", "text": "crazy uh meme coins throughout the this"}, {"start": "00:05:24", "end": "00:05:29", "text": "whole cycle and he's now onboarding into"}, {"start": "00:05:27", "end": "00:05:31", "text": "our team as well as market analyst and"}, {"start": "00:05:29", "end": "00:05:33", "text": "co. I mean anyway we have a lot guys. We"}, {"start": "00:05:31", "end": "00:05:34", "text": "have a lot a lot a lot. But most"}, {"start": "00:05:33", "end": "00:05:38", "text": "importantly look here. Bitcoin held"}, {"start": "00:05:34", "end": "00:05:43", "text": "support on 75K bounced. ETH held 2.3K"}, {"start": "00:05:38", "end": "00:05:45", "text": "bounced all time uh uh all time sorry"}, {"start": "00:05:43", "end": "00:05:47", "text": "all surprised everyone everyone was"}, {"start": "00:05:45", "end": "00:05:49", "text": "expecting some kind of all-time low for"}, {"start": "00:05:47", "end": "00:05:51", "text": "Bitcoin yet again people said it's going"}, {"start": "00:05:49", "end": "00:05:54", "text": "to dump into October it did not dump"}, {"start": "00:05:51", "end": "00:05:56", "text": "into October instead we continue pumping"}, {"start": "00:05:54", "end": "00:05:58", "text": "all of the all of the fourear cyclists"}, {"start": "00:05:56", "end": "00:05:59", "text": "are uh sideline because they wait for"}, {"start": "00:05:58", "end": "00:06:01", "text": "October but you see sideline it's"}, {"start": "00:05:59", "end": "00:06:03", "text": "bullish because it means that they will"}, {"start": "00:06:01", "end": "00:06:05", "text": "still buy they will still buy a rate"}, {"start": "00:06:03", "end": "00:06:06", "text": "hike happened no one cares I told you"}, {"start": "00:06:05", "end": "00:06:08", "text": "not to care about rate hike who I told"}, {"start": "00:06:06", "end": "00:06:10", "text": "you not to care about rate hike. Who"}, {"start": "00:06:08", "end": "00:06:11", "text": "told you? Only I haven't told you not to"}, {"start": "00:06:10", "end": "00:06:14", "text": "care about rate hike. If it goes up, I"}, {"start": "00:06:11", "end": "00:06:17", "text": "told you it doesn't matter."}, {"start": "00:06:14", "end": "00:06:19", "text": "Why? Because guys, you see, you you"}, {"start": "00:06:17", "end": "00:06:21", "text": "cannot replace experience. Some people"}, {"start": "00:06:19", "end": "00:06:23", "text": "they lar."}, {"start": "00:06:21", "end": "00:06:25", "text": "I can tell instantly if someone has"}, {"start": "00:06:23", "end": "00:06:28", "text": "experience or not. I have lived through"}, {"start": "00:06:25", "end": "00:06:30", "text": "this whole Bitcoin chart like I have let"}, {"start": "00:06:28", "end": "00:06:32", "text": "it through my body. Not to get like"}, {"start": "00:06:30", "end": "00:06:35", "text": "intimate in in any way but you know each"}, {"start": "00:06:32", "end": "00:06:37", "text": "and every candle here on this chart I've"}, {"start": "00:06:35", "end": "00:06:39", "text": "lived through it mentally,"}, {"start": "00:06:37", "end": "00:06:42", "text": "physiologically"}, {"start": "00:06:39", "end": "00:06:43", "text": "in all different ways. So I remember"}, {"start": "00:06:42", "end": "00:06:45", "text": "very clearly what happened at the"}, {"start": "00:06:43", "end": "00:06:48", "text": "beginning of the last cycle when we went"}, {"start": "00:06:45", "end": "00:06:52", "text": "bullish and rates went up like I know it"}, {"start": "00:06:48", "end": "00:06:55", "text": "on a neurological level. Okay, I know it"}, {"start": "00:06:52", "end": "00:06:58", "text": "on a nervous system level what happened."}, {"start": "00:06:55", "end": "00:07:00", "text": "I remember like my nervous system"}, {"start": "00:06:58", "end": "00:07:01", "text": "remembers all of it. I because I've been"}, {"start": "00:07:00", "end": "00:07:03", "text": "through all of it. I've been through all"}, {"start": "00:07:01", "end": "00:07:05", "text": "losses, gains like I have such an"}, {"start": "00:07:03", "end": "00:07:08", "text": "experience. You cannot replicate it. You"}, {"start": "00:07:05", "end": "00:07:09", "text": "know, some larper comes in says this is"}, {"start": "00:07:08", "end": "00:07:12", "text": "about the market. You know, just laring,"}, {"start": "00:07:09", "end": "00:07:14", "text": "laring, larping, laring, no idea what's"}, {"start": "00:07:12", "end": "00:07:16", "text": "going to happen. You know, he read some"}, {"start": "00:07:14", "end": "00:07:19", "text": "TA, he draws you triangle. Okay, listen."}, {"start": "00:07:16", "end": "00:07:22", "text": "I know on a neurological level what the"}, {"start": "00:07:19", "end": "00:07:24", "text": "chart is doing. And so I knew on the"}, {"start": "00:07:22", "end": "00:07:26", "text": "neurological level that last bull market"}, {"start": "00:07:24", "end": "00:07:28", "text": "we went bull trend and rates went up and"}, {"start": "00:07:26", "end": "00:07:30", "text": "rates went up and rates went up and"}, {"start": "00:07:28", "end": "00:07:33", "text": "bitcoin went up with the rates. Actually"}, {"start": "00:07:30", "end": "00:07:35", "text": "when rates go up bitcoin also goes up."}, {"start": "00:07:33", "end": "00:07:37", "text": "When rates go down you remember here"}, {"start": "00:07:35", "end": "00:07:38", "text": "rates went down bitcoin also went down."}, {"start": "00:07:37", "end": "00:07:42", "text": "So listen at the end of the day it's"}, {"start": "00:07:38", "end": "00:07:45", "text": "disconnected. Bitcoin has its own demand"}, {"start": "00:07:42", "end": "00:07:46", "text": "supply and uh when demand supply is such"}, {"start": "00:07:45", "end": "00:07:49", "text": "that there are many people who have"}, {"start": "00:07:46", "end": "00:07:51", "text": "bitcoin like for example here there are"}, {"start": "00:07:49", "end": "00:07:53", "text": "only uh you can only go down because"}, {"start": "00:07:51", "end": "00:07:55", "text": "they sell there's no one else to buy and"}, {"start": "00:07:53", "end": "00:07:58", "text": "here it's vice versa at the 200 moving"}, {"start": "00:07:55", "end": "00:07:59", "text": "average a year after the peak there are"}, {"start": "00:07:58", "end": "00:08:01", "text": "only people who will buy bitcoin there's"}, {"start": "00:07:59", "end": "00:08:03", "text": "no one else to there there's no one more"}, {"start": "00:08:01", "end": "00:08:06", "text": "to sell you understand when there's no"}, {"start": "00:08:03", "end": "00:08:08", "text": "one more to sell that's it that's it so"}, {"start": "00:08:06", "end": "00:08:11", "text": "guys uh all in all new bull trend I mean"}, {"start": "00:08:08", "end": "00:08:12", "text": "this is the Oh guys also here you see we"}, {"start": "00:08:11", "end": "00:08:15", "text": "did something very good here we went"}, {"start": "00:08:12", "end": "00:08:17", "text": "above this bulljaculation uh high you"}, {"start": "00:08:15", "end": "00:08:18", "text": "remember in May everyone told you it's"}, {"start": "00:08:17", "end": "00:08:20", "text": "bull market is bull market I told you"}, {"start": "00:08:18", "end": "00:08:22", "text": "it's bulljolation we're going to go down"}, {"start": "00:08:20", "end": "00:08:25", "text": "we went down we created a new low"}, {"start": "00:08:22", "end": "00:08:27", "text": "exactly as predicted but now you see"}, {"start": "00:08:25", "end": "00:08:29", "text": "went above it it's such a nice signal of"}, {"start": "00:08:27", "end": "00:08:33", "text": "trend for bitcoin not only are we bull"}, {"start": "00:08:29", "end": "00:08:36", "text": "trend not only are all the bar pattern"}, {"start": "00:08:33", "end": "00:08:37", "text": "believers uh in disbelief that their"}, {"start": "00:08:36", "end": "00:08:39", "text": "their belief did not happen they're in"}, {"start": "00:08:37", "end": "00:08:41", "text": "this belief that their belief about the"}, {"start": "00:08:39", "end": "00:08:45", "text": "Bart, their hope about the Bart did not"}, {"start": "00:08:41", "end": "00:08:46", "text": "happen. And so all in all, this is one"}, {"start": "00:08:45", "end": "00:08:50", "text": "of the key signals that you have a bull"}, {"start": "00:08:46", "end": "00:08:53", "text": "trend and you make now a higher high."}, {"start": "00:08:50", "end": "00:08:55", "text": "You go from a high and then lower high"}, {"start": "00:08:53", "end": "00:08:59", "text": "and then lower high and now for the"}, {"start": "00:08:55", "end": "00:09:02", "text": "first time we have a higher high."}, {"start": "00:08:59", "end": "00:09:06", "text": "The sideliners they don't like it. They"}, {"start": "00:09:02", "end": "00:09:08", "text": "want another low. They ask uh on digital"}, {"start": "00:09:06", "end": "00:09:10", "text": "asset news Rob they ask Rob they they"}, {"start": "00:09:08", "end": "00:09:12", "text": "they ask him hey please tell me a new"}, {"start": "00:09:10", "end": "00:09:15", "text": "low is in because Ben Cowan is on"}, {"start": "00:09:12", "end": "00:09:17", "text": "vacation. I love Ben. I love Ben. Ben is"}, {"start": "00:09:15", "end": "00:09:20", "text": "amazing. I love Ben. But when Ben is on"}, {"start": "00:09:17", "end": "00:09:22", "text": "vacation his followers they are asking"}, {"start": "00:09:20", "end": "00:09:25", "text": "other people to tell them that a new low"}, {"start": "00:09:22", "end": "00:09:28", "text": "is coming because Ben is on vacation and"}, {"start": "00:09:25", "end": "00:09:30", "text": "they feel man I need I need the low."}, {"start": "00:09:28", "end": "00:09:32", "text": "Their whole existence in this market"}, {"start": "00:09:30", "end": "00:09:34", "text": "depends on their on the law. I love Ben."}, {"start": "00:09:32", "end": "00:09:37", "text": "I love Ben. But I I but it's also true."}, {"start": "00:09:34", "end": "00:09:39", "text": "I can love Ben and I can also conclude I"}, {"start": "00:09:37", "end": "00:09:41", "text": "can also know that his audience wants"}, {"start": "00:09:39", "end": "00:09:42", "text": "another love. It's true man. It's true."}, {"start": "00:09:41", "end": "00:09:45", "text": "I mean what what do you want? I can love"}, {"start": "00:09:42", "end": "00:09:48", "text": "a person. I can respect the guy. I"}, {"start": "00:09:45", "end": "00:09:51", "text": "respect the guy. I love him. He's great."}, {"start": "00:09:48", "end": "00:09:54", "text": "But it's at the same time it's"}, {"start": "00:09:51", "end": "00:09:57", "text": "undeniable that his followers they want"}, {"start": "00:09:54", "end": "00:10:01", "text": "a low. They want they want another low."}, {"start": "00:09:57", "end": "00:10:03", "text": "It's true. It's true. It's true."}, {"start": "00:10:01", "end": "00:10:05", "text": "It's true. big shot. I mean, we love"}, {"start": "00:10:03", "end": "00:10:08", "text": "them. We love them. But there was no"}, {"start": "00:10:05", "end": "00:10:11", "text": "clarity there. Someone had clarity. Ivan"}, {"start": "00:10:08", "end": "00:10:13", "text": "had clarity. Clarity act did not happen."}, {"start": "00:10:11", "end": "00:10:15", "text": "But Ivan clarity did happen about the"}, {"start": "00:10:13", "end": "00:10:17", "text": "fact that it's time to be bull bull"}, {"start": "00:10:15", "end": "00:10:20", "text": "bull. Beautiful candle. I can tell it's"}, {"start": "00:10:17", "end": "00:10:22", "text": "beautiful candle. It's very very nice."}, {"start": "00:10:20", "end": "00:10:25", "text": "Uh fantastic when you have engulfing and"}, {"start": "00:10:22", "end": "00:10:27", "text": "continuation candle. Very very good."}, {"start": "00:10:25", "end": "00:10:28", "text": "Solana guys the same thing. Bull trend."}, {"start": "00:10:27", "end": "00:10:29", "text": "You're bullish man. You're bullish."}, {"start": "00:10:28", "end": "00:10:31", "text": "You're bullish. You're bullish in bull"}, {"start": "00:10:29", "end": "00:10:33", "text": "trend. Bullish and bull trend. We said"}, {"start": "00:10:31", "end": "00:10:37", "text": "here at the 84 that we go from bear to"}, {"start": "00:10:33", "end": "00:10:40", "text": "bull. You remember guys? Bear to bull."}, {"start": "00:10:37", "end": "00:10:41", "text": "Bear to bull. Here we were bearish. Here"}, {"start": "00:10:40", "end": "00:10:43", "text": "we were bearish. We said maybe we're"}, {"start": "00:10:41", "end": "00:10:44", "text": "going to go to 30. As soon as bull trend"}, {"start": "00:10:43", "end": "00:10:45", "text": "happened, we're bullish. We're I mean"}, {"start": "00:10:44", "end": "00:10:47", "text": "it's simple. It's simple, man. When you"}, {"start": "00:10:45", "end": "00:10:51", "text": "go from when you have a bull trend, it's"}, {"start": "00:10:47", "end": "00:10:55", "text": "bullish. So since here 95, we're"}, {"start": "00:10:51", "end": "00:10:57", "text": "bullish. Now it is 115. Happy days 20%"}, {"start": "00:10:55", "end": "00:10:58", "text": "pump in Solana. It's only the beginning."}, {"start": "00:10:57", "end": "00:10:59", "text": "It's going to go to 300. Okay. If it"}, {"start": "00:10:58", "end": "00:11:01", "text": "continues like this, it's going to go to"}, {"start": "00:10:59", "end": "00:11:02", "text": "300. You understand? Then it's going to"}, {"start": "00:11:01", "end": "00:11:04", "text": "go to a thousand. If it goes bearish"}, {"start": "00:11:02", "end": "00:11:06", "text": "trend, we we're bearish. We're bearish."}, {"start": "00:11:04", "end": "00:11:09", "text": "So listen, you don't have to put your"}, {"start": "00:11:06", "end": "00:11:11", "text": "identity into your opinion. I mean, we"}, {"start": "00:11:09", "end": "00:11:14", "text": "switch opinion if trend changes. We were"}, {"start": "00:11:11", "end": "00:11:16", "text": "the biggest Sana bears all the way here"}, {"start": "00:11:14", "end": "00:11:17", "text": "since Q4. The biggest bears. I mean,"}, {"start": "00:11:16", "end": "00:11:20", "text": "literally there I I don't think there"}, {"start": "00:11:17", "end": "00:11:22", "text": "has been a bigger bear than I in Sana."}, {"start": "00:11:20", "end": "00:11:24", "text": "No, there hasn't been. But also, there"}, {"start": "00:11:22", "end": "00:11:26", "text": "hasn't been a bigger bull than I. As"}, {"start": "00:11:24", "end": "00:11:28", "text": "soon as it went bull trend here at uh"}, {"start": "00:11:26", "end": "00:11:30", "text": "95, I'm the biggest bull. I'm the"}, {"start": "00:11:28", "end": "00:11:33", "text": "biggest bull. See for for people they"}, {"start": "00:11:30", "end": "00:11:36", "text": "are they unexperienced people in the"}, {"start": "00:11:33", "end": "00:11:39", "text": "market they want to be right you know"}, {"start": "00:11:36", "end": "00:11:41", "text": "they want to be right but I'm right if I"}, {"start": "00:11:39", "end": "00:11:43", "text": "just follow the trend you understand is"}, {"start": "00:11:41", "end": "00:11:44", "text": "you don't have to see most people they"}, {"start": "00:11:43", "end": "00:11:46", "text": "wreck their brain because they think"}, {"start": "00:11:44", "end": "00:11:48", "text": "that trading is like you know like you"}, {"start": "00:11:46", "end": "00:11:50", "text": "are with your your kids or your wife or"}, {"start": "00:11:48", "end": "00:11:52", "text": "whatever where you tell something and"}, {"start": "00:11:50", "end": "00:11:54", "text": "you stick by it in markets you got to"}, {"start": "00:11:52", "end": "00:11:57", "text": "switch fast man you got to be switch if"}, {"start": "00:11:54", "end": "00:11:59", "text": "it's trend change bullish bullish our"}, {"start": "00:11:57", "end": "00:12:01", "text": "goal is to capture the majority of the"}, {"start": "00:11:59", "end": "00:12:02", "text": "move because no one knows what's going"}, {"start": "00:12:01", "end": "00:12:03", "text": "to happen. No one knows what's going to"}, {"start": "00:12:02", "end": "00:12:05", "text": "happen in the future. But with highest"}, {"start": "00:12:03", "end": "00:12:07", "text": "likelihood, using the mechanical rules,"}, {"start": "00:12:05", "end": "00:12:08", "text": "using Bullmania systems that we teach in"}, {"start": "00:12:07", "end": "00:12:10", "text": "Bullmania, you should, by the way, join"}, {"start": "00:12:08", "end": "00:12:12", "text": "the wait list because we're now open for"}, {"start": "00:12:10", "end": "00:12:14", "text": "a very short period of time. Uh before"}, {"start": "00:12:12", "end": "00:12:17", "text": "we go to 100K, it's price the same as"}, {"start": "00:12:14", "end": "00:12:20", "text": "now. When we go above 100K, Valhalla,"}, {"start": "00:12:17", "end": "00:12:22", "text": "Valhalla in the price. So, uh you have"}, {"start": "00:12:20", "end": "00:12:24", "text": "to you have to adapt. As soon as soon as"}, {"start": "00:12:22", "end": "00:12:28", "text": "we saw bull trend, we adapt. We avoided"}, {"start": "00:12:24", "end": "00:12:31", "text": "this down from like uh 200 something all"}, {"start": "00:12:28", "end": "00:12:33", "text": "the way to 60. We avoid all of that. We"}, {"start": "00:12:31", "end": "00:12:35", "text": "enter here and then boop, happy days."}, {"start": "00:12:33", "end": "00:12:37", "text": "Let's go to a,000. Let's go to a,000. Uh"}, {"start": "00:12:35", "end": "00:12:40", "text": "ETH, the same thing. Bull trend and"}, {"start": "00:12:37", "end": "00:12:42", "text": "continuation. Very very nice. BNB bull"}, {"start": "00:12:40", "end": "00:12:46", "text": "trend and continuation. Very very nice."}, {"start": "00:12:42", "end": "00:12:49", "text": "ENA, man. I love the ENA. ONAN in ENA."}, {"start": "00:12:46", "end": "00:12:53", "text": "Very very nice. Bull trend up 37%. Oof."}, {"start": "00:12:49", "end": "00:12:55", "text": "Oof. Oof. Very very very nice. Zcash"}, {"start": "00:12:53", "end": "00:12:57", "text": "alltime high after all time. Again, you"}, {"start": "00:12:55", "end": "00:12:59", "text": "see with the mechanical rules with the"}, {"start": "00:12:57", "end": "00:13:01", "text": "way we trade in bulmania, you have"}, {"start": "00:12:59", "end": "00:13:02", "text": "infinite ups and zero downside. As soon"}, {"start": "00:13:01", "end": "00:13:04", "text": "as something is bearish, you risk off."}, {"start": "00:13:02", "end": "00:13:06", "text": "You don't touch something that's"}, {"start": "00:13:04", "end": "00:13:09", "text": "bearish. Then if it decides to continue,"}, {"start": "00:13:06", "end": "00:13:11", "text": "we continue. So in in Zcash, we continue"}, {"start": "00:13:09", "end": "00:13:13", "text": "here. It's up 77% since the recent bull"}, {"start": "00:13:11", "end": "00:13:16", "text": "flip. And then before it had all kinds"}, {"start": "00:13:13", "end": "00:13:18", "text": "of bull flips. When it's bearish, risk"}, {"start": "00:13:16", "end": "00:13:19", "text": "up. We don't go to zero. We don't round"}, {"start": "00:13:18", "end": "00:13:22", "text": "trip. Many people round trip. We don't"}, {"start": "00:13:19", "end": "00:13:25", "text": "we don't round trip. We love the money."}, {"start": "00:13:22", "end": "00:13:27", "text": "If we have the money, we love it. We"}, {"start": "00:13:25", "end": "00:13:29", "text": "don't disrespect it. Putting your money"}, {"start": "00:13:27", "end": "00:13:31", "text": "into Brendan, you disrespect it. And"}, {"start": "00:13:29", "end": "00:13:33", "text": "remember that your money gives birth to"}, {"start": "00:13:31", "end": "00:13:36", "text": "new money. You know, you knew that if"}, {"start": "00:13:33", "end": "00:13:39", "text": "you put your money in S&P, like the most"}, {"start": "00:13:36", "end": "00:13:42", "text": "boring boomers, boomer stuff, just"}, {"start": "00:13:39", "end": "00:13:43", "text": "buying S&P, uh, number one, your uncle"}, {"start": "00:13:42", "end": "00:13:45", "text": "is going to be proud on Thanksgiving."}, {"start": "00:13:43", "end": "00:13:47", "text": "Finally, you're you're going somewhere"}, {"start": "00:13:45", "end": "00:13:48", "text": "in life. Now, S&P will not make you"}, {"start": "00:13:47", "end": "00:13:50", "text": "rich."}, {"start": "00:13:48", "end": "00:13:52", "text": "Just to tell you something here very"}, {"start": "00:13:50", "end": "00:13:54", "text": "important that it doubles approximately"}, {"start": "00:13:52", "end": "00:13:57", "text": "every 10 years after inflation. Okay,"}, {"start": "00:13:54", "end": "00:13:58", "text": "think about that S&P doubles every 10"}, {"start": "00:13:57", "end": "00:14:02", "text": "years after inflation. So what I mean"}, {"start": "00:13:58", "end": "00:14:04", "text": "here is that the overall goal is to"}, {"start": "00:14:02", "end": "00:14:06", "text": "accumulate accumulate compound grow but"}, {"start": "00:14:04", "end": "00:14:07", "text": "never have big loss. If you have a big"}, {"start": "00:14:06", "end": "00:14:10", "text": "loss you have a big draw down it's very"}, {"start": "00:14:07", "end": "00:14:13", "text": "bad because just putting just putting"}, {"start": "00:14:10", "end": "00:14:16", "text": "them in the funds in S&P will double"}, {"start": "00:14:13", "end": "00:14:17", "text": "every 10 years. So it's very good return"}, {"start": "00:14:16", "end": "00:14:20", "text": "like you know just S&P is very good"}, {"start": "00:14:17", "end": "00:14:21", "text": "return if you have a nice initial"}, {"start": "00:14:20", "end": "00:14:24", "text": "capital you need to have you need to"}, {"start": "00:14:21", "end": "00:14:26", "text": "build the snowball. So your goal is just"}, {"start": "00:14:24", "end": "00:14:28", "text": "build the snowball build the snowball"}, {"start": "00:14:26", "end": "00:14:30", "text": "build this don't destroy the snowball"}, {"start": "00:14:28", "end": "00:14:33", "text": "build the snowball build the snowball"}, {"start": "00:14:30", "end": "00:14:36", "text": "bigger build it bigger and at some point"}, {"start": "00:14:33", "end": "00:14:37", "text": "you could literally live off the return."}, {"start": "00:14:36", "end": "00:14:40", "text": "stock market doubles approximately every"}, {"start": "00:14:37", "end": "00:14:42", "text": "10 years. And you know, it may sound"}, {"start": "00:14:40", "end": "00:14:44", "text": "like not a lot in 10 years. And it's not"}, {"start": "00:14:42", "end": "00:14:46", "text": "a lot if you're just starting out, but"}, {"start": "00:14:44", "end": "00:14:48", "text": "if you have wealth already, double every"}, {"start": "00:14:46", "end": "00:14:49", "text": "10 years after inflation, it's not bad,"}, {"start": "00:14:48", "end": "00:14:51", "text": "man."}, {"start": "00:14:49", "end": "00:14:53", "text": "Because let's say it took you like uh,"}, {"start": "00:14:51", "end": "00:14:55", "text": "you know, decades to create wealth and"}, {"start": "00:14:53", "end": "00:14:57", "text": "now it just by itself doubles every 10"}, {"start": "00:14:55", "end": "00:14:58", "text": "years after inflation. It's not bad,"}, {"start": "00:14:57", "end": "00:15:01", "text": "man. It's not bad. It's not like"}, {"start": "00:14:58", "end": "00:15:03", "text": "recreating it yourself in 10 years is"}, {"start": "00:15:01", "end": "00:15:04", "text": "not possible for most people, but stock"}, {"start": "00:15:03", "end": "00:15:06", "text": "market can basically double it every"}, {"start": "00:15:04", "end": "00:15:08", "text": "time. You understand? So that's the"}, {"start": "00:15:06", "end": "00:15:10", "text": "beauty of not losing money. I have a"}, {"start": "00:15:08", "end": "00:15:13", "text": "full section on it in Bullmania. How to"}, {"start": "00:15:10", "end": "00:15:16", "text": "stay rich. Stay rich. Don't don't get"}, {"start": "00:15:13", "end": "00:15:17", "text": "poor. If you became rich, stay rich."}, {"start": "00:15:16", "end": "00:15:19", "text": "Don't round trip. So anyway, just to"}, {"start": "00:15:17", "end": "00:15:21", "text": "highlight here with Zcash, it's a"}, {"start": "00:15:19", "end": "00:15:23", "text": "brilliant brilliant example where we"}, {"start": "00:15:21", "end": "00:15:24", "text": "have all of the upside. If Zcash goes to"}, {"start": "00:15:23", "end": "00:15:26", "text": "a million, we're going to be rising it."}, {"start": "00:15:24", "end": "00:15:28", "text": "If it goes to bare trend, we remove the"}, {"start": "00:15:26", "end": "00:15:29", "text": "downside. Downside, boop, we're out."}, {"start": "00:15:28", "end": "00:15:31", "text": "We're out. We're out. And there's a"}, {"start": "00:15:29", "end": "00:15:33", "text": "there's a process to it, of course, how"}, {"start": "00:15:31", "end": "00:15:35", "text": "to get in, how to get out. Everything is"}, {"start": "00:15:33", "end": "00:15:36", "text": "explained in Bulmania. Now uh let's"}, {"start": "00:15:35", "end": "00:15:39", "text": "check radium. Radium has been very good"}, {"start": "00:15:36", "end": "00:15:40", "text": "as a Solana play. Boop boop boop up and"}, {"start": "00:15:39", "end": "00:15:43", "text": "up and up and up and up. Uh bull trend"}, {"start": "00:15:40", "end": "00:15:46", "text": "up 34%. Very nice."}, {"start": "00:15:43", "end": "00:15:49", "text": "Uh then lighter. Let's check lighter. Oh"}, {"start": "00:15:46", "end": "00:15:50", "text": "yo yo lighter 300% is the bull flip and"}, {"start": "00:15:49", "end": "00:15:53", "text": "just continues and continues and"}, {"start": "00:15:50", "end": "00:15:55", "text": "continues and continues. Love lighter."}, {"start": "00:15:53", "end": "00:15:58", "text": "We love the lighter. Uh guys this"}, {"start": "00:15:55", "end": "00:16:00", "text": "tragedy hopefully suy now goes to bull"}, {"start": "00:15:58", "end": "00:16:03", "text": "trend man. It's very close. Keep an eye"}, {"start": "00:16:00", "end": "00:16:04", "text": "on it. Keep an eye on it."}, {"start": "00:16:03", "end": "00:16:07", "text": "If it goes bull trend, I'm I'm bullish"}, {"start": "00:16:04", "end": "00:16:10", "text": "SU because look here, Suie has been"}, {"start": "00:16:07", "end": "00:16:12", "text": "tragic. Lives have been lo. Well, I"}, {"start": "00:16:10", "end": "00:16:14", "text": "mean, let's not get that that dark. But"}, {"start": "00:16:12", "end": "00:16:16", "text": "I mean, many people financial lives,"}, {"start": "00:16:14", "end": "00:16:19", "text": "let's keep it, financial lives have been"}, {"start": "00:16:16", "end": "00:16:21", "text": "ruined here. But also, you know, is it's"}, {"start": "00:16:19", "end": "00:16:22", "text": "also very serious because financial loss"}, {"start": "00:16:21", "end": "00:16:24", "text": "sometimes leads to worse, but let's not"}, {"start": "00:16:22", "end": "00:16:26", "text": "get to that. But there are stories on"}, {"start": "00:16:24", "end": "00:16:27", "text": "Reddit a lot. Uh something, you know,"}, {"start": "00:16:26", "end": "00:16:29", "text": "you huddle something like this, you"}, {"start": "00:16:27", "end": "00:16:31", "text": "believe you. That's why I'm so afraid"}, {"start": "00:16:29", "end": "00:16:33", "text": "for the holders, guys. I'm so I'm so"}, {"start": "00:16:31", "end": "00:16:35", "text": "afraid for the holders. If you if your"}, {"start": "00:16:33", "end": "00:16:36", "text": "mindset is I'm just going to buy stuff"}, {"start": "00:16:35", "end": "00:16:41", "text": "and I'm just going to hodddle it or"}, {"start": "00:16:36", "end": "00:16:44", "text": "guys, you are you are one step away from"}, {"start": "00:16:41", "end": "00:16:47", "text": "uh losing it all. Holders are the most"}, {"start": "00:16:44", "end": "00:16:48", "text": "vulnerable because they get sold fugazi"}, {"start": "00:16:47", "end": "00:16:50", "text": "after fugazi and they hodddle and they"}, {"start": "00:16:48", "end": "00:16:52", "text": "hodddle and lose everything. You need to"}, {"start": "00:16:50", "end": "00:16:54", "text": "have a strategy. Always have a strategy."}, {"start": "00:16:52", "end": "00:16:55", "text": "If your strategy literally, oh, I'm just"}, {"start": "00:16:54", "end": "00:16:56", "text": "going to buy random stuff. I'm going to"}, {"start": "00:16:55", "end": "00:16:58", "text": "hodddle it. It's going to be okay. It's"}, {"start": "00:16:56", "end": "00:16:59", "text": "not going to be okay. I can promise you"}, {"start": "00:16:58", "end": "00:17:01", "text": "that. you know yourself because you did"}, {"start": "00:16:59", "end": "00:17:03", "text": "it last cycle and cycle before it's not"}, {"start": "00:17:01", "end": "00:17:04", "text": "going to be okay. I can assure you it's"}, {"start": "00:17:03", "end": "00:17:10", "text": "not going to be okay if you just"}, {"start": "00:17:04", "end": "00:17:14", "text": "hodddle. But look here uh with uh with"}, {"start": "00:17:10", "end": "00:17:15", "text": "Suie with Suie if it goes bullish trend"}, {"start": "00:17:14", "end": "00:17:17", "text": "which is very close by the way it's very"}, {"start": "00:17:15", "end": "00:17:21", "text": "close just literally a few% if it closes"}, {"start": "00:17:17", "end": "00:17:24", "text": "bull trend we have to be bullish and"}, {"start": "00:17:21", "end": "00:17:27", "text": "especially when it has been down a lot"}, {"start": "00:17:24", "end": "00:17:28", "text": "it's extra bullish. Okay. So, you know,"}, {"start": "00:17:27", "end": "00:17:31", "text": "we've been ridiculing SUI a lot during"}, {"start": "00:17:28", "end": "00:17:34", "text": "the the bear. Uh, by the way, rightfully"}, {"start": "00:17:31", "end": "00:17:37", "text": "so. Rightfully so. I mean, it's down so"}, {"start": "00:17:34", "end": "00:17:40", "text": "much. It's uh Yeah. But if it goes bull"}, {"start": "00:17:37", "end": "00:17:41", "text": "trend after such a loss, and it's going"}, {"start": "00:17:40", "end": "00:17:43", "text": "to be the first trend since Q4. I mean,"}, {"start": "00:17:41", "end": "00:17:45", "text": "really, you can even say that the"}, {"start": "00:17:43", "end": "00:17:47", "text": "alltime high was all the way here in"}, {"start": "00:17:45", "end": "00:17:49", "text": "January 2025. So, it's the first time,"}, {"start": "00:17:47", "end": "00:17:52", "text": "you know, something bullish is really"}, {"start": "00:17:49", "end": "00:17:54", "text": "happening since January 2025. We have to"}, {"start": "00:17:52", "end": "00:17:57", "text": "be bullish because the run back can be"}, {"start": "00:17:54", "end": "00:17:59", "text": "quite quick. Okay. So the same thing is"}, {"start": "00:17:57", "end": "00:18:01", "text": "here. If you hear me being bearish on"}, {"start": "00:17:59", "end": "00:18:04", "text": "one asset in the bear whether it's SU or"}, {"start": "00:18:01", "end": "00:18:08", "text": "Sana as soon as it's bull trend bullish"}, {"start": "00:18:04", "end": "00:18:11", "text": "very bullish. So if it goes bullsh there"}, {"start": "00:18:08", "end": "00:18:13", "text": "is a good riskreward in Sui and Sui can"}, {"start": "00:18:11", "end": "00:18:15", "text": "have some teleport teleportation here. I"}, {"start": "00:18:13", "end": "00:18:18", "text": "mean the first teleportation is going to"}, {"start": "00:18:15", "end": "00:18:20", "text": "be here 30%. The second teleportation is"}, {"start": "00:18:18", "end": "00:18:22", "text": "going to be here towards yeah the 100%"}, {"start": "00:18:20", "end": "00:18:25", "text": "level uh this previous support and then"}, {"start": "00:18:22", "end": "00:18:28", "text": "to alltime high it is 400%. Okay, very"}, {"start": "00:18:25", "end": "00:18:30", "text": "important. So keep keep it in mind with"}, {"start": "00:18:28", "end": "00:18:33", "text": "sui we're going to probably be bullish"}, {"start": "00:18:30", "end": "00:18:34", "text": "soon. Uh maybe it can even be today that"}, {"start": "00:18:33", "end": "00:18:36", "text": "it goes bull trend but we need to close"}, {"start": "00:18:34", "end": "00:18:38", "text": "the week. Very important. We need to"}, {"start": "00:18:36", "end": "00:18:40", "text": "close the week. The week just started. A"}, {"start": "00:18:38", "end": "00:18:44", "text": "lot of things can happen within a week."}, {"start": "00:18:40", "end": "00:18:47", "text": "Uh then you have uh let's see guys Tron"}, {"start": "00:18:44", "end": "00:18:49", "text": "is uh soon bull trend also keep an eye"}, {"start": "00:18:47", "end": "00:18:52", "text": "here such a strong chart like Tron is"}, {"start": "00:18:49", "end": "00:18:53", "text": "unbelievable bare market chart like I"}, {"start": "00:18:52", "end": "00:18:55", "text": "don't even know what the hell it did in"}, {"start": "00:18:53", "end": "00:18:57", "text": "the bare market. It barely dumped in the"}, {"start": "00:18:55", "end": "00:18:59", "text": "bare market. Unbelievable. I love Tron."}, {"start": "00:18:57", "end": "00:19:02", "text": "Now technically it isn't bare trend but"}, {"start": "00:18:59", "end": "00:19:05", "text": "I mean you see the strength of it. It's"}, {"start": "00:19:02", "end": "00:19:07", "text": "I mean it's almost like you know yes I"}, {"start": "00:19:05", "end": "00:19:10", "text": "mean technically it did go bare but I"}, {"start": "00:19:07", "end": "00:19:12", "text": "mean you see the strength of oh"}, {"start": "00:19:10", "end": "00:19:14", "text": "man"}, {"start": "00:19:12", "end": "00:19:17", "text": "what bare market you know what bare"}, {"start": "00:19:14", "end": "00:19:19", "text": "market is that it had a dip here of 30 I"}, {"start": "00:19:17", "end": "00:19:21", "text": "mean listen what is what has happened to"}, {"start": "00:19:19", "end": "00:19:24", "text": "Tron I don't understand it Bitcoin"}, {"start": "00:19:21", "end": "00:19:27", "text": "picked out here in October Tron dipped"}, {"start": "00:19:24", "end": "00:19:28", "text": "30% and now it had another dip of well"}, {"start": "00:19:27", "end": "00:19:30", "text": "like what happened here what you"}, {"start": "00:19:28", "end": "00:19:33", "text": "understand"}, {"start": "00:19:30", "end": "00:19:35", "text": "just son. Hats off. Hats off. Hats off."}, {"start": "00:19:33", "end": "00:19:38", "text": "Justin Sun. What the hell? Now you can"}, {"start": "00:19:35", "end": "00:19:41", "text": "argue it had kind of its own but"}, {"start": "00:19:38", "end": "00:19:42", "text": "another. So it it dropped 30% then"}, {"start": "00:19:41", "end": "00:19:45", "text": "recovered to alltime high then another"}, {"start": "00:19:42", "end": "00:19:47", "text": "30%. Then recovered to basically alltime"}, {"start": "00:19:45", "end": "00:19:49", "text": "high and then it's just doing its own"}, {"start": "00:19:47", "end": "00:19:50", "text": "thing here with a lot of strength."}, {"start": "00:19:49", "end": "00:19:53", "text": "That's the only thing I know. Just the"}, {"start": "00:19:50", "end": "00:19:57", "text": "only thing I know. So yeah, keep keep an"}, {"start": "00:19:53", "end": "00:20:00", "text": "eye because guys, if if Tron here here's"}, {"start": "00:19:57", "end": "00:20:04", "text": "the trade idea for Tron. If Tron goes"}, {"start": "00:20:00", "end": "00:20:08", "text": "above this level here, 0.36 o"}, {"start": "00:20:04", "end": "00:20:10", "text": "is going to be a break of a multi-year"}, {"start": "00:20:08", "end": "00:20:12", "text": "resistance since 2024."}, {"start": "00:20:10", "end": "00:20:15", "text": "Literally,"}, {"start": "00:20:12", "end": "00:20:17", "text": "and then Vala Valhala bullish Mike says"}, {"start": "00:20:15", "end": "00:20:18", "text": "North Korea money is big. I I don't"}, {"start": "00:20:17", "end": "00:20:20", "text": "know. I don't know. We just look at the"}, {"start": "00:20:18", "end": "00:20:22", "text": "chart. Whether it's North Korea, someone"}, {"start": "00:20:20", "end": "00:20:24", "text": "is beating it up and you can beat and it"}, {"start": "00:20:22", "end": "00:20:25", "text": "can beat up your portfolio. Then who is"}, {"start": "00:20:24", "end": "00:20:28", "text": "there? Who is there? I'm not here to"}, {"start": "00:20:25", "end": "00:20:31", "text": "analyze who is there. Is it Kim Jong-un?"}, {"start": "00:20:28", "end": "00:20:33", "text": "I I don't know. I if Tron is on uh isn't"}, {"start": "00:20:31", "end": "00:20:34", "text": "it on like Coinbase and everything? It's"}, {"start": "00:20:33", "end": "00:20:36", "text": "on Kraken. So, you can buy it from US"}, {"start": "00:20:34", "end": "00:20:39", "text": "exchange. You don't you don't you don't"}, {"start": "00:20:36", "end": "00:20:41", "text": "care. You don't care. Uh all in all,"}, {"start": "00:20:39", "end": "00:20:43", "text": "let's see. But, uh fantastic, fantastic,"}, {"start": "00:20:41", "end": "00:20:45", "text": "fantastic. Michael Sailor is saying that"}, {"start": "00:20:43", "end": "00:20:47", "text": "he's going to be buying. Well, I'm I'm"}, {"start": "00:20:45", "end": "00:20:49", "text": "happy with for Michael Sailor that he's"}, {"start": "00:20:47", "end": "00:20:51", "text": "buying at the low. He's not only selling"}, {"start": "00:20:49", "end": "00:20:52", "text": "at the lows, he's also buying at the"}, {"start": "00:20:51", "end": "00:20:54", "text": "lows because, as you know, he's been"}, {"start": "00:20:52", "end": "00:20:56", "text": "selling at the very lows."}, {"start": "00:20:54", "end": "00:21:01", "text": "And we said, you remember when sailor"}, {"start": "00:20:56", "end": "00:21:02", "text": "sold at the very lows, we said he always"}, {"start": "00:21:01", "end": "00:21:06", "text": "sells at the bottom. Look at look at the"}, {"start": "00:21:02", "end": "00:21:08", "text": "last cycle. He sold at the bottom. Okay."}, {"start": "00:21:06", "end": "00:21:11", "text": "Uh so he did it this time again. Let's"}, {"start": "00:21:08", "end": "00:21:13", "text": "check Let's actually check the"}, {"start": "00:21:11", "end": "00:21:15", "text": "uh uh Micro Strategy. See people asking"}, {"start": "00:21:13", "end": "00:21:16", "text": "about Mic Strategy. Yo yo. Yeah. Let's"}, {"start": "00:21:15", "end": "00:21:19", "text": "check Micro Strategy stock. Where is it?"}, {"start": "00:21:16", "end": "00:21:22", "text": "Where is it? Micro Strategy. Micro"}, {"start": "00:21:19", "end": "00:21:23", "text": "Strategy. Bullish. Bullish. Bullish."}, {"start": "00:21:22", "end": "00:21:27", "text": "Bullish. Well, it's bullish already"}, {"start": "00:21:23", "end": "00:21:29", "text": "since um uh 8th of September plus 11%."}, {"start": "00:21:27", "end": "00:21:31", "text": "Going to have another leg up. Very very"}, {"start": "00:21:29", "end": "00:21:33", "text": "nice. We love it. We love it. We love"}, {"start": "00:21:31", "end": "00:21:35", "text": "it. Now it's bull bull market guys. You"}, {"start": "00:21:33", "end": "00:21:37", "text": "remember in bare market here I mean you"}, {"start": "00:21:35", "end": "00:21:39", "text": "see how how much it dumped guys in bare"}, {"start": "00:21:37", "end": "00:21:40", "text": "market we protected everyone against"}, {"start": "00:21:39", "end": "00:21:44", "text": "micro strategy. It dumped how much it"}, {"start": "00:21:40", "end": "00:21:48", "text": "dumped? Oh yo yo 75%. We said it's house"}, {"start": "00:21:44", "end": "00:21:50", "text": "of cards yada yada yada. But guys it's"}, {"start": "00:21:48", "end": "00:21:54", "text": "bull market now. So now it's no longer"}, {"start": "00:21:50", "end": "00:21:56", "text": "house of cards. cement. It's concrete."}, {"start": "00:21:54", "end": "00:21:58", "text": "Now, personally, I mean, Max, I still"}, {"start": "00:21:56", "end": "00:22:00", "text": "not gonna touch Max personally because I"}, {"start": "00:21:58", "end": "00:22:01", "text": "I can just trade with leverage. You can"}, {"start": "00:22:00", "end": "00:22:03", "text": "go to you can go go to Calip. Go to"}, {"start": "00:22:01", "end": "00:22:05", "text": "Cali. You can trade Bitcoin with"}, {"start": "00:22:03", "end": "00:22:06", "text": "leverage yourself. No need to have Wall"}, {"start": "00:22:05", "end": "00:22:08", "text": "Street trade it for you, okay? You can"}, {"start": "00:22:06", "end": "00:22:10", "text": "just do leverage yourself. By the way,"}, {"start": "00:22:08", "end": "00:22:14", "text": "guys, each and every day, we're giving"}, {"start": "00:22:10", "end": "00:22:17", "text": "out $500 in Kali uh in Kalia bonus to"}, {"start": "00:22:14", "end": "00:22:19", "text": "someone who trades at least $50 on Kali"}, {"start": "00:22:17", "end": "00:22:21", "text": "perpetuals each and every each and every"}, {"start": "00:22:19", "end": "00:22:22", "text": "day. How do you sign up to Kali? This is"}, {"start": "00:22:21", "end": "00:22:24", "text": "the important thing. Go to"}, {"start": "00:22:22", "end": "00:22:26", "text": "bullming.com/exchanges."}, {"start": "00:22:24", "end": "00:22:28", "text": "This is in the description. Exchange"}, {"start": "00:22:26", "end": "00:22:29", "text": "starter pack. I think we call it"}, {"start": "00:22:28", "end": "00:22:32", "text": "exchange starter pack. Go"}, {"start": "00:22:29", "end": "00:22:33", "text": "booming.com/exchanges. Enter your email"}, {"start": "00:22:32", "end": "00:22:35", "text": "and we're going to email you our link to"}, {"start": "00:22:33", "end": "00:22:39", "text": "Kali. If you use our link to Kali and"}, {"start": "00:22:35", "end": "00:22:41", "text": "you trade $50 within 24 hours, then you"}, {"start": "00:22:39", "end": "00:22:45", "text": "will be one of the people who may get"}, {"start": "00:22:41", "end": "00:22:47", "text": "500 bonus. Okay? So, it's random uh one"}, {"start": "00:22:45", "end": "00:22:48", "text": "random person will get. And of course,"}, {"start": "00:22:47", "end": "00:22:51", "text": "if you use our link, you get the cheaper"}, {"start": "00:22:48", "end": "00:22:53", "text": "fee, yada yada. It's a lot of a lot of"}, {"start": "00:22:51", "end": "00:22:55", "text": "stuff you get. It's a lot of stuff. And"}, {"start": "00:22:53", "end": "00:22:57", "text": "also in Bulmania Arena"}, {"start": "00:22:55", "end": "00:23:00", "text": "arena.bullmania.com, we now have more"}, {"start": "00:22:57", "end": "00:23:02", "text": "and more people in our leaderboard for"}, {"start": "00:23:00", "end": "00:23:04", "text": "Pionex uh cash back. So, as you know,"}, {"start": "00:23:02", "end": "00:23:06", "text": "Pionex is giving out $10,000 for"}, {"start": "00:23:04", "end": "00:23:08", "text": "September to our community. This is"}, {"start": "00:23:06", "end": "00:23:11", "text": "going to be distributed uh among the"}, {"start": "00:23:08", "end": "00:23:14", "text": "people who trade at least 100K volume on"}, {"start": "00:23:11", "end": "00:23:15", "text": "Pionex. Again, go to arena.booming.com"}, {"start": "00:23:14", "end": "00:23:17", "text": "if you want to participate here in the"}, {"start": "00:23:15", "end": "00:23:19", "text": "leaderboard. Uh you just connect your"}, {"start": "00:23:17", "end": "00:23:21", "text": "Pionex account. If you use their link,"}, {"start": "00:23:19", "end": "00:23:24", "text": "you're going to be accepted. And uh they"}, {"start": "00:23:21", "end": "00:23:27", "text": "are giving out 10K cash back for"}, {"start": "00:23:24", "end": "00:23:29", "text": "everyone above 100K. And of course, if"}, {"start": "00:23:27", "end": "00:23:30", "text": "you are the biggest one, you're going to"}, {"start": "00:23:29", "end": "00:23:31", "text": "get more. If you're smaller, you're"}, {"start": "00:23:30", "end": "00:23:33", "text": "going to get less. And this is this"}, {"start": "00:23:31", "end": "00:23:35", "text": "money can be used to open new Pionics"}, {"start": "00:23:33", "end": "00:23:38", "text": "bots. In October, we're going to have"}, {"start": "00:23:35", "end": "00:23:39", "text": "Bit Unix joining the game as well. Uh so"}, {"start": "00:23:38", "end": "00:23:41", "text": "you can connect your Bit Unix here as"}, {"start": "00:23:39", "end": "00:23:42", "text": "well. All in all, guys, I mean, we're"}, {"start": "00:23:41", "end": "00:23:46", "text": "negotiating here and there with"}, {"start": "00:23:42", "end": "00:23:48", "text": "everyone. We want good fat big uh"}, {"start": "00:23:46", "end": "00:23:50", "text": "cashbacks to you guys. Cashback means"}, {"start": "00:23:48", "end": "00:23:52", "text": "that you basically or this reward let's"}, {"start": "00:23:50", "end": "00:23:56", "text": "say 10k you can use it in order to open"}, {"start": "00:23:52", "end": "00:23:59", "text": "up new bots you can open open up new"}, {"start": "00:23:56", "end": "00:24:00", "text": "bots very important now uh we have the"}, {"start": "00:23:59", "end": "00:24:03", "text": "current situation with the existing bots"}, {"start": "00:24:00", "end": "00:24:05", "text": "the the short one we where the shortterm"}, {"start": "00:24:03", "end": "00:24:08", "text": "short one it was in a profit now it's a"}, {"start": "00:24:05", "end": "00:24:10", "text": "bit wrecked because Bitcoin pumped"}, {"start": "00:24:08", "end": "00:24:12", "text": "BNB fantastic fantastic fantastic you're"}, {"start": "00:24:10", "end": "00:24:13", "text": "also going to get it if you go to"}, {"start": "00:24:12", "end": "00:24:16", "text": "exchange starter pack you're also going"}, {"start": "00:24:13", "end": "00:24:17", "text": "to get this Bionex copy bot stuff guys"}, {"start": "00:24:16", "end": "00:24:19", "text": "moving Moving on, moving on. We have a"}, {"start": "00:24:17", "end": "00:24:20", "text": "lot. We have a lot today. So, uh, stock"}, {"start": "00:24:19", "end": "00:24:22", "text": "market. Let's see what's going to"}, {"start": "00:24:20", "end": "00:24:26", "text": "happen. Trump is saying that he's going"}, {"start": "00:24:22", "end": "00:24:27", "text": "to decide whether or not to blow up"}, {"start": "00:24:26", "end": "00:24:29", "text": "Iran. I mean, let's see, guys. Let's"}, {"start": "00:24:27", "end": "00:24:32", "text": "see. It's back and forth, bullish,"}, {"start": "00:24:29", "end": "00:24:34", "text": "bearish in the in the stocks. But, uh,"}, {"start": "00:24:32", "end": "00:24:36", "text": "you you see all of the news come out,"}, {"start": "00:24:34", "end": "00:24:38", "text": "different news, but uh, the market is is"}, {"start": "00:24:36", "end": "00:24:39", "text": "is in bull trend. So, you have to worry"}, {"start": "00:24:38", "end": "00:24:41", "text": "about Iran. Just like, you know, we told"}, {"start": "00:24:39", "end": "00:24:43", "text": "you not to worry about rate hike. I can"}, {"start": "00:24:41", "end": "00:24:46", "text": "tell you with highest likelihood, it's"}, {"start": "00:24:43", "end": "00:24:49", "text": "going to go up because it's bullsher."}, {"start": "00:24:46", "end": "00:24:52", "text": "You can see here it wants to go up. Uh"}, {"start": "00:24:49", "end": "00:24:54", "text": "so yeah, all in all s S&P NASDAQ all"}, {"start": "00:24:52", "end": "00:24:57", "text": "bullish. All continues to the upside. No"}, {"start": "00:24:54", "end": "00:24:58", "text": "need to worry. Micro strategy bullish."}, {"start": "00:24:57", "end": "00:25:01", "text": "Oh, let's check stretch. Can stretch get"}, {"start": "00:24:58", "end": "00:25:03", "text": "above stretch is very close to 100"}, {"start": "00:25:01", "end": "00:25:05", "text": "meaning that very soon uh they can print"}, {"start": "00:25:03", "end": "00:25:07", "text": "new stretch, sell it and use money to"}, {"start": "00:25:05", "end": "00:25:11", "text": "buy Bitcoin. So the flywheel of stretch"}, {"start": "00:25:07", "end": "00:25:13", "text": "is back. Uh that's good. Next uh Zcash"}, {"start": "00:25:11", "end": "00:25:14", "text": "bullish bullish bullish alltime high"}, {"start": "00:25:13", "end": "00:25:17", "text": "after alltime high after alltime high"}, {"start": "00:25:14", "end": "00:25:19", "text": "after alltime high. Bull trend fantastic"}, {"start": "00:25:17", "end": "00:25:23", "text": "uh yeah guys I mean listen it's it's"}, {"start": "00:25:19", "end": "00:25:25", "text": "just green um everywhere everywhere"}, {"start": "00:25:23", "end": "00:25:28", "text": "everywhere"}, {"start": "00:25:25", "end": "00:25:31", "text": "and uh yeah fantastic says can you say I"}, {"start": "00:25:28", "end": "00:25:32", "text": "I cannot I I cannot say random random"}, {"start": "00:25:31", "end": "00:25:33", "text": " that you're going to edit I'm sorry"}, {"start": "00:25:32", "end": "00:25:36", "text": "I'm sorry it doesn't work like that but"}, {"start": "00:25:33", "end": "00:25:39", "text": "thanks for donation uh US and China"}, {"start": "00:25:36", "end": "00:25:42", "text": "officially begin trade talks in New York"}, {"start": "00:25:39", "end": "00:25:45", "text": "ahead of President Xi Jingping's visit"}, {"start": "00:25:42", "end": "00:25:47", "text": "very very good hopefully some bullish"}, {"start": "00:25:45", "end": "00:25:49", "text": "news for stocks with some kind of deal"}, {"start": "00:25:47", "end": "00:25:52", "text": "that would be very nice but uh stock"}, {"start": "00:25:49", "end": "00:25:55", "text": "market is uh is bullish anyway. Uh so"}, {"start": "00:25:52", "end": "00:25:57", "text": "clarity act failed soon coming out"}, {"start": "00:25:55", "end": "00:25:59", "text": "saying democrats wanted exchanges to be"}, {"start": "00:25:57", "end": "00:26:02", "text": "forced to delist any digital assets"}, {"start": "00:25:59", "end": "00:26:05", "text": "whose issue breaks disclosure rules. The"}, {"start": "00:26:02", "end": "00:26:09", "text": "clarity act requires it. Senate"}, {"start": "00:26:05", "end": "00:26:11", "text": "Democrats still voted no. These guys the"}, {"start": "00:26:09", "end": "00:26:13", "text": "Democrats be we're apolitical. We're"}, {"start": "00:26:11", "end": "00:26:14", "text": "apolitical but you know they don't know"}, {"start": "00:26:13", "end": "00:26:18", "text": "what they what they want. They don't"}, {"start": "00:26:14", "end": "00:26:20", "text": "know what they want. It's like"}, {"start": "00:26:18", "end": "00:26:21", "text": "some kind of lady, you know. You want"}, {"start": "00:26:20", "end": "00:26:23", "text": "this, you want that. You know what you"}, {"start": "00:26:21", "end": "00:26:25", "text": "want, man? Democrat. What you want? You."}, {"start": "00:26:23", "end": "00:26:27", "text": "We give you everything."}, {"start": "00:26:25", "end": "00:26:29", "text": "We give you everything. We gave you"}, {"start": "00:26:27", "end": "00:26:31", "text": "everything you wanted. And still you're"}, {"start": "00:26:29", "end": "00:26:33", "text": "not happy. Still you're not Why are you"}, {"start": "00:26:31", "end": "00:26:34", "text": "toxic? Why are you toxic? Still toxic."}, {"start": "00:26:33", "end": "00:26:38", "text": "If after all this length, we go for you."}, {"start": "00:26:34", "end": "00:26:40", "text": "You're still toxic. Still toxic. There"}, {"start": "00:26:38", "end": "00:26:42", "text": "is no way to make a deal with these"}, {"start": "00:26:40", "end": "00:26:44", "text": "guys. Okay? They don't like crypto. They"}, {"start": "00:26:42", "end": "00:26:46", "text": "they think that Trump is going to"}, {"start": "00:26:44", "end": "00:26:47", "text": "benefit from it. I can understand them"}, {"start": "00:26:46", "end": "00:26:49", "text": "to some extent. I can understand them"}, {"start": "00:26:47", "end": "00:26:51", "text": "some extent obviously. So yeah, let's"}, {"start": "00:26:49", "end": "00:26:54", "text": "see what's going to happen."}, {"start": "00:26:51", "end": "00:26:57", "text": "But uh yeah uh let's see what Gensler is"}, {"start": "00:26:54", "end": "00:27:01", "text": "saying. Man, Gensler he's why he looks"}, {"start": "00:26:57", "end": "00:27:03", "text": "so for like science fiction."}, {"start": "00:27:01", "end": "00:27:05", "text": "He should be in the June. Big shout out."}, {"start": "00:27:03", "end": "00:27:06", "text": "Big shout. But what he's saying here SEC"}, {"start": "00:27:05", "end": "00:27:08", "text": "just openly accused the Trump"}, {"start": "00:27:06", "end": "00:27:10", "text": "administration of killing the Bitcoin"}, {"start": "00:27:08", "end": "00:27:12", "text": "encrypted clarity act. Man, he he's"}, {"start": "00:27:10", "end": "00:27:14", "text": "like,"}, {"start": "00:27:12", "end": "00:27:17", "text": "\"Yeah, I mean, okay. Okay, let's not"}, {"start": "00:27:14", "end": "00:27:19", "text": "let's not stare us blind on that, but I"}, {"start": "00:27:17", "end": "00:27:21", "text": "don't know. I I think he looks so"}, {"start": "00:27:19", "end": "00:27:23", "text": "interesting. He looks like he he could"}, {"start": "00:27:21", "end": "00:27:27", "text": "be in June."}, {"start": "00:27:23", "end": "00:27:27", "text": "House Harkon"}, {"start": "00:27:27", "end": "00:27:30", "text": "thing.\" And they're sort of looking at"}, {"start": "00:27:28", "end": "00:27:32", "text": "and say, \"And there's an ethics issue"}, {"start": "00:27:30", "end": "00:27:34", "text": "out of the White House, a very"}, {"start": "00:27:32", "end": "00:27:36", "text": "significant one. The president reported"}, {"start": "00:27:34", "end": "00:27:40", "text": "all those earnings"}, {"start": "00:27:36", "end": "00:27:42", "text": "and the commercial banks Jamie Diamond"}, {"start": "00:27:40", "end": "00:27:45", "text": "leading the charge saying listen you"}, {"start": "00:27:42", "end": "00:27:47", "text": "might also undermine banking in America"}, {"start": "00:27:45", "end": "00:27:49", "text": ">> right"}, {"start": "00:27:47", "end": "00:27:53", "text": ">> and you know there were a lot of other"}, {"start": "00:27:49", "end": "00:27:55", "text": "issues in that and um they didn't they"}, {"start": "00:27:53", "end": "00:27:58", "text": "didn't have the consensus I think I"}, {"start": "00:27:55", "end": "00:28:01", "text": "think look the administration chose not"}, {"start": "00:27:58", "end": "00:28:02", "text": "to give the concessions as well"}, {"start": "00:28:01", "end": "00:28:06", "text": ">> the issue though longer term for the"}, {"start": "00:28:02", "end": "00:28:08", "text": "industry is that we don't have now a a"}, {"start": "00:28:06", "end": "00:28:09", "text": "true rules of the road. We'll have maybe"}, {"start": "00:28:08", "end": "00:28:11", "text": "some rules of the road created by the"}, {"start": "00:28:09", "end": "00:28:14", "text": "SEC and the CFTC for the next two years"}, {"start": "00:28:11", "end": "00:28:16", "text": "and then who knows what happens in 2028."}, {"start": "00:28:14", "end": "00:28:19", "text": "What does that mean for the industry?"}, {"start": "00:28:16", "end": "00:28:22", "text": ">> Look, I think the the long question"}, {"start": "00:28:19", "end": "00:28:24", "text": "really is is there a value proposition"}, {"start": "00:28:22", "end": "00:28:27", "text": "for investors investing in most of these"}, {"start": "00:28:24", "end": "00:28:30", "text": "crypto tokens and put aside the"}, {"start": "00:28:27", "end": "00:28:32", "text": "so-called stable coins that are really"}, {"start": "00:28:30", "end": "00:28:35", "text": "money instruments. I mean, they're like"}, {"start": "00:28:32", "end": "00:28:39", "text": "tokenized money markets or something."}, {"start": "00:28:35", "end": "00:28:42", "text": "Um, put aside maybe Bitcoin, the the"}, {"start": "00:28:39", "end": "00:28:44", "text": "rest of the crowd, these thousands of"}, {"start": "00:28:42", "end": "00:28:48", "text": "tokens, what's their value proposition?"}, {"start": "00:28:44", "end": "00:28:50", "text": "What's their use case and so forth and"}, {"start": "00:28:48", "end": "00:28:52", "text": "uh that's going to sort itself out and"}, {"start": "00:28:50", "end": "00:28:54", "text": "but but a lot of investors should"}, {"start": "00:28:52", "end": "00:28:55", "text": "understand there's a lot of risk and"}, {"start": "00:28:54", "end": "00:28:58", "text": "there probably going to be a lot of"}, {"start": "00:28:55", "end": "00:28:58", "text": "losses."}, {"start": "00:28:59", "end": "00:29:03", "text": ">> Yeah. I don't know. or or gains. Or"}, {"start": "00:29:01", "end": "00:29:05", "text": "gains. It can be gains."}, {"start": "00:29:03", "end": "00:29:07", "text": ">> These thousands of tokens, what's their"}, {"start": "00:29:05", "end": "00:29:09", "text": "value proposition?"}, {"start": "00:29:07", "end": "00:29:12", "text": ">> N okay."}, {"start": "00:29:09", "end": "00:29:14", "text": "What's the Okay. Okay. Okay. Okay. Yeah."}, {"start": "00:29:12", "end": "00:29:16", "text": "Well, also I saw a tweet that's I mean"}, {"start": "00:29:14", "end": "00:29:18", "text": "it can be gains also. Just to be clear"}, {"start": "00:29:16", "end": "00:29:21", "text": "that in bull market there are gains. In"}, {"start": "00:29:18", "end": "00:29:23", "text": "bull market crypto has gains. In bare"}, {"start": "00:29:21", "end": "00:29:26", "text": "market crypto has losses just like stock"}, {"start": "00:29:23", "end": "00:29:27", "text": "market. But by the way uh let me remove"}, {"start": "00:29:26", "end": "00:29:29", "text": "the sound here because I think it's"}, {"start": "00:29:27", "end": "00:29:30", "text": "copyrighted. But look here governments."}, {"start": "00:29:29", "end": "00:29:33", "text": "Crypto is a scam and is very risky."}, {"start": "00:29:30", "end": "00:29:36", "text": "meanwhile their fiat currencies Turkish"}, {"start": "00:29:33", "end": "00:29:40", "text": "LRA Argentina peso"}, {"start": "00:29:36", "end": "00:29:44", "text": "Lebanon Pakistan India rupee Japanese"}, {"start": "00:29:40", "end": "00:29:46", "text": "Nigeria naira Nepal okay okay why why"}, {"start": "00:29:44", "end": "00:29:48", "text": "doesn't he come out and say that this is"}, {"start": "00:29:46", "end": "00:29:50", "text": "scam okay but also I mean he he's"}, {"start": "00:29:48", "end": "00:29:52", "text": "correct in bare market there's going to"}, {"start": "00:29:50", "end": "00:29:55", "text": "be heavy losses he forgot to add that if"}, {"start": "00:29:52", "end": "00:29:57", "text": "you are in Bulmania you're protected"}, {"start": "00:29:55", "end": "00:29:59", "text": "okay he's just holding holding and"}, {"start": "00:29:57", "end": "00:30:01", "text": "holding number one there's a big"}, {"start": "00:29:59", "end": "00:30:03", "text": "difference between making like hit 2x"}, {"start": "00:30:01", "end": "00:30:04", "text": "and 30x. Okay, so that's the first"}, {"start": "00:30:03", "end": "00:30:06", "text": "thing. If you just do yourself without"}, {"start": "00:30:04", "end": "00:30:09", "text": "any strategy, but then also you know you"}, {"start": "00:30:06", "end": "00:30:12", "text": "hodddle you might say 90% you sui you"}, {"start": "00:30:09", "end": "00:30:13", "text": "hodddle sui. Okay, believer because"}, {"start": "00:30:12", "end": "00:30:16", "text": "someone told you about money printer etc"}, {"start": "00:30:13", "end": "00:30:20", "text": "etc. Now look here uh this is the head"}, {"start": "00:30:16", "end": "00:30:22", "text": "of the SEC and he is uh promoting"}, {"start": "00:30:20", "end": "00:30:24", "text": "promoting what he's promoting self"}, {"start": "00:30:22", "end": "00:30:26", "text": "custody. Listen to this."}, {"start": "00:30:24", "end": "00:30:29", "text": "Another core feature of blockchain"}, {"start": "00:30:26", "end": "00:30:32", "text": "technology is the ability of individuals"}, {"start": "00:30:29", "end": "00:30:35", "text": "to have self-custody of crypto assets in"}, {"start": "00:30:32", "end": "00:30:37", "text": "a personal digital wallet. The right to"}, {"start": "00:30:35", "end": "00:30:40", "text": "have self-custody of one's private"}, {"start": "00:30:37", "end": "00:30:43", "text": "property is a foundational American"}, {"start": "00:30:40", "end": "00:30:46", "text": "value that should not disappear when one"}, {"start": "00:30:43", "end": "00:30:49", "text": "logs onto the internet. I'm in favor of"}, {"start": "00:30:46", "end": "00:30:52", "text": "affording greater uh flexibility to"}, {"start": "00:30:49", "end": "00:30:54", "text": "market participants to self-custody"}, {"start": "00:30:52", "end": "00:30:57", "text": "crypto assets. especially where"}, {"start": "00:30:54", "end": "00:30:59", "text": "intermediation imposes unnecessary"}, {"start": "00:30:57", "end": "00:31:02", "text": "transaction costs or restricts the"}, {"start": "00:30:59", "end": "00:31:05", "text": "ability to engage in staking and other"}, {"start": "00:31:02", "end": "00:31:07", "text": "onchain activities."}, {"start": "00:31:05", "end": "00:31:08", "text": "Another core feature of blockchain"}, {"start": "00:31:07", "end": "00:31:12", "text": "technology"}, {"start": "00:31:08", "end": "00:31:14", "text": ">> selfcast ID very very nice very very"}, {"start": "00:31:12", "end": "00:31:16", "text": "nice"}, {"start": "00:31:14", "end": "00:31:17", "text": "so yeah"}, {"start": "00:31:16", "end": "00:31:20", "text": "that's great I mean big difference"}, {"start": "00:31:17", "end": "00:31:23", "text": "between the gensler and this guy"}, {"start": "00:31:20", "end": "00:31:25", "text": "uh look here there is some interesting"}, {"start": "00:31:23", "end": "00:31:27", "text": "aspect here with per purr is like the"}, {"start": "00:31:25", "end": "00:31:28", "text": "ETF for hyperlquid tracking per volume"}, {"start": "00:31:27", "end": "00:31:31", "text": "has become one of the clearest signal"}, {"start": "00:31:28", "end": "00:31:34", "text": "for where hype may be heading in the"}, {"start": "00:31:31", "end": "00:31:37", "text": "short term the per hype is real so yeah"}, {"start": "00:31:34", "end": "00:31:39", "text": "is a record day for per the stock traded"}, {"start": "00:31:37", "end": "00:31:42", "text": "the"}, {"start": "00:31:39", "end": "00:31:43", "text": "uh or actually it's not let me check per"}, {"start": "00:31:42", "end": "00:31:45", "text": "I thought it's ETF but maybe it's just a"}, {"start": "00:31:43", "end": "00:31:47", "text": "treasury company let me double check"}, {"start": "00:31:45", "end": "00:31:50", "text": "that let's see per"}, {"start": "00:31:47", "end": "00:31:52", "text": "hyperlquid it's it's"}, {"start": "00:31:50", "end": "00:31:55", "text": "ah okay okay it's digital asset right"}, {"start": "00:31:52", "end": "00:31:58", "text": "okay got it got it's like Michael Sailor"}, {"start": "00:31:55", "end": "00:31:58", "text": "but uh"}, {"start": "00:31:59", "end": "00:32:07", "text": "okay okay okay is their hyperl liquid"}, {"start": "00:32:05", "end": "00:32:10", "text": "ETF. I thought there isn't there hyper"}, {"start": "00:32:07", "end": "00:32:13", "text": "liquidity yes maybe not"}, {"start": "00:32:10", "end": "00:32:14", "text": "it's yeah per is like micro strategy"}, {"start": "00:32:13", "end": "00:32:17", "text": "okay there are there are okay you have"}, {"start": "00:32:14", "end": "00:32:19", "text": "21 shares okay yeah yeah 21 shares and"}, {"start": "00:32:17", "end": "00:32:22", "text": "so on so forth but in terms of extra"}, {"start": "00:32:19", "end": "00:32:24", "text": "pump uh there is a relationship between"}, {"start": "00:32:22", "end": "00:32:25", "text": "this treasury company of course and the"}, {"start": "00:32:24", "end": "00:32:27", "text": "asset the more the treasury companies"}, {"start": "00:32:25", "end": "00:32:29", "text": "can raise the more demand for their"}, {"start": "00:32:27", "end": "00:32:31", "text": "stock the more the more hype hype they"}, {"start": "00:32:29", "end": "00:32:34", "text": "can they can buy and have a bit of this"}, {"start": "00:32:31", "end": "00:32:35", "text": "similar ponzomic as micro strategy but"}, {"start": "00:32:34", "end": "00:32:38", "text": "in bull market we love We'll have it in"}, {"start": "00:32:35", "end": "00:32:42", "text": "bull market. Okay. Uh moving on guys."}, {"start": "00:32:38", "end": "00:32:45", "text": "Moving on. Um you have mainstream media"}, {"start": "00:32:42", "end": "00:32:46", "text": "attacking crypto yet again. Now Brian"}, {"start": "00:32:45", "end": "00:32:48", "text": "Armstrong, big shout out to Brian"}, {"start": "00:32:46", "end": "00:32:50", "text": "Armstrong, but he is coming out and he's"}, {"start": "00:32:48", "end": "00:32:53", "text": "saying that Wall Street Journal is"}, {"start": "00:32:50", "end": "00:32:55", "text": "working on a story, blaming Coinbase and"}, {"start": "00:32:53", "end": "00:32:57", "text": "me personally for the Clarity Act not"}, {"start": "00:32:55", "end": "00:32:59", "text": "passing. Wall Street Journal has"}, {"start": "00:32:57", "end": "00:33:02", "text": "repeatedly been hostile to clarity in"}, {"start": "00:32:59", "end": "00:33:04", "text": "its reporting, regurgitating bank lobby"}, {"start": "00:33:02", "end": "00:33:06", "text": "talking points, while I've spent years"}, {"start": "00:33:04", "end": "00:33:07", "text": "pushing for crypto legislation. But"}, {"start": "00:33:06", "end": "00:33:11", "text": "that's not stopping them for trying to"}, {"start": "00:33:07", "end": "00:33:13", "text": "reverse the blame, the boring TLDR. In"}, {"start": "00:33:11", "end": "00:33:15", "text": "January, I opposed a draft of the bill"}, {"start": "00:33:13", "end": "00:33:16", "text": "going into a committee vote because it"}, {"start": "00:33:15", "end": "00:33:18", "text": "needed a lot of work on DeFi"}, {"start": "00:33:16", "end": "00:33:21", "text": "organization, CFC authority, Zan"}, {"start": "00:33:18", "end": "00:33:23", "text": "rewards. At the time, the bill had major"}, {"start": "00:33:21", "end": "00:33:25", "text": "issues that would have harmed crypto."}, {"start": "00:33:23", "end": "00:33:27", "text": "Support was fractured and it wasn't"}, {"start": "00:33:25", "end": "00:33:30", "text": "possible. We worked with a number of"}, {"start": "00:33:27", "end": "00:33:33", "text": "parties who uh improved the bill and"}, {"start": "00:33:30", "end": "00:33:35", "text": "made it passable. All four of items I"}, {"start": "00:33:33", "end": "00:33:37", "text": "called out were fixed and so forth. So"}, {"start": "00:33:35", "end": "00:33:39", "text": "the final draft declares that went to"}, {"start": "00:33:37", "end": "00:33:41", "text": "the Senate was great and I strongly"}, {"start": "00:33:39", "end": "00:33:44", "text": "supported it. Yeah. Let's see guys. But"}, {"start": "00:33:41", "end": "00:33:45", "text": "the mainstream media"}, {"start": "00:33:44", "end": "00:33:47", "text": "I don't know if they can recover guys."}, {"start": "00:33:45", "end": "00:33:48", "text": "The mainstream media I don't know I I"}, {"start": "00:33:47", "end": "00:33:52", "text": "don't know if they can recover. Like my"}, {"start": "00:33:48", "end": "00:33:54", "text": "lost my trust is lost in it forever."}, {"start": "00:33:52", "end": "00:33:56", "text": "forever with everything that has"}, {"start": "00:33:54", "end": "00:33:59", "text": "happened since 2020 2019 something"}, {"start": "00:33:56", "end": "00:34:02", "text": "happened in 2019 you remember I mean uh"}, {"start": "00:33:59", "end": "00:34:05", "text": "how politics has been yeah it's"}, {"start": "00:34:02", "end": "00:34:07", "text": "interesting man it's interesting"}, {"start": "00:34:05", "end": "00:34:10", "text": "why why you read it why why you read it"}, {"start": "00:34:07", "end": "00:34:13", "text": "don't read it watch I don't take did"}, {"start": "00:34:10", "end": "00:34:16", "text": "they tell you to be bullish in July no"}, {"start": "00:34:13", "end": "00:34:18", "text": "tell you did they teach me no so why"}, {"start": "00:34:16", "end": "00:34:20", "text": "watch them why watch them now guys look"}, {"start": "00:34:18", "end": "00:34:22", "text": "here is saying something very"}, {"start": "00:34:20", "end": "00:34:24", "text": "interesting here people are suffering"}, {"start": "00:34:22", "end": "00:34:26", "text": "from bare market PTSD. They cannot"}, {"start": "00:34:24", "end": "00:34:27", "text": "envision previous all-time highs, let"}, {"start": "00:34:26", "end": "00:34:29", "text": "alone the wealth creation that comes"}, {"start": "00:34:27", "end": "00:34:31", "text": "with bull markets where we break"}, {"start": "00:34:29", "end": "00:34:33", "text": "ceilings established for from years"}, {"start": "00:34:31", "end": "00:34:34", "text": "past. If you're betting on crypto"}, {"start": "00:34:33", "end": "00:34:36", "text": "growing as an industry over the next few"}, {"start": "00:34:34", "end": "00:34:37", "text": "years, you're not going to get a much"}, {"start": "00:34:36", "end": "00:34:39", "text": "better opportunity than right now to"}, {"start": "00:34:37", "end": "00:34:41", "text": "deploy capital. The issue is that most"}, {"start": "00:34:39", "end": "00:34:43", "text": "people thought the entire industry was"}, {"start": "00:34:41", "end": "00:34:45", "text": "dead forever. A few months ago, people"}, {"start": "00:34:43", "end": "00:34:48", "text": "were genuinely writing long uh long"}, {"start": "00:34:45", "end": "00:34:49", "text": "posts stating how we would never get"}, {"start": "00:34:48", "end": "00:34:52", "text": "another bull. Yeah, this is the problem,"}, {"start": "00:34:49", "end": "00:34:54", "text": "guys. When you are a lagard, you're a"}, {"start": "00:34:52", "end": "00:34:56", "text": "lagard. You don't risk off in October"}, {"start": "00:34:54", "end": "00:34:58", "text": "2025. You lose money. You lose money."}, {"start": "00:34:56", "end": "00:35:01", "text": "You lose money. Then you understand"}, {"start": "00:34:58", "end": "00:35:03", "text": "maybe you know in June, July, you"}, {"start": "00:35:01", "end": "00:35:07", "text": "understand that holy crap, maybe it is"}, {"start": "00:35:03", "end": "00:35:10", "text": "bare market, you sell. Oh, and Ivan says"}, {"start": "00:35:07", "end": "00:35:10", "text": "buy."}, {"start": "00:35:10", "end": "00:35:14", "text": "Oh, this this is the problem with you"}, {"start": "00:35:12", "end": "00:35:16", "text": "like try trying on your own without"}, {"start": "00:35:14", "end": "00:35:18", "text": "bulmania. You know, this is a big"}, {"start": "00:35:16", "end": "00:35:21", "text": "problem. this big many people you know"}, {"start": "00:35:18", "end": "00:35:24", "text": "smart people great people but um just"}, {"start": "00:35:21", "end": "00:35:26", "text": "like I said in August by the way all"}, {"start": "00:35:24", "end": "00:35:29", "text": "Bitcoin pumps failed why because they"}, {"start": "00:35:26", "end": "00:35:32", "text": "did not have Ivan support Ivan support"}, {"start": "00:35:29", "end": "00:35:34", "text": "is here now that's why it's bullish in"}, {"start": "00:35:32", "end": "00:35:36", "text": "May I told you it's it's not going to go"}, {"start": "00:35:34", "end": "00:35:39", "text": "anywhere in May and it did a new low we"}, {"start": "00:35:36", "end": "00:35:42", "text": "did go to a new low"}, {"start": "00:35:39", "end": "00:35:45", "text": "since July we're bullish because we see"}, {"start": "00:35:42", "end": "00:35:48", "text": "that the markets are shifting we see"}, {"start": "00:35:45", "end": "00:35:51", "text": "that uh Yeah. And imagine being the"}, {"start": "00:35:48", "end": "00:35:53", "text": "person that did not risk off in time,"}, {"start": "00:35:51", "end": "00:35:55", "text": "held lost lost loss and finally thought,"}, {"start": "00:35:53", "end": "00:35:57", "text": "\"Okay, let me accept the reality. Let me"}, {"start": "00:35:55", "end": "00:35:59", "text": "accept the truth. Let me sell and bull"}, {"start": "00:35:57", "end": "00:36:02", "text": "market back.\""}, {"start": "00:35:59", "end": "00:36:04", "text": "We laugh. But it's what happens to"}, {"start": "00:36:02", "end": "00:36:06", "text": "everyone who thinks they can just"}, {"start": "00:36:04", "end": "00:36:09", "text": "hodddle. I'm just going to Okay, go"}, {"start": "00:36:06", "end": "00:36:11", "text": "hodddle. How you going to hodddle, man?"}, {"start": "00:36:09", "end": "00:36:14", "text": "Hodler, man. Hodler. I love this saying,"}, {"start": "00:36:11", "end": "00:36:17", "text": "hodle sucks. It's s Larson saying. He he"}, {"start": "00:36:14", "end": "00:36:19", "text": "he he put it very very nicely. I think"}, {"start": "00:36:17", "end": "00:36:21", "text": "we should sell socks like he does."}, {"start": "00:36:19", "end": "00:36:24", "text": "Hodddle sucks. Very very true. Without a"}, {"start": "00:36:21", "end": "00:36:26", "text": "system hodddle it's uh and then you know"}, {"start": "00:36:24", "end": "00:36:27", "text": "the the worst the worst is when people"}, {"start": "00:36:26", "end": "00:36:29", "text": "say no I'm hodddling as if it's"}, {"start": "00:36:27", "end": "00:36:30", "text": "something good. You know I'm at a big"}, {"start": "00:36:29", "end": "00:36:32", "text": "loss but no I'm hodddling because I have"}, {"start": "00:36:30", "end": "00:36:34", "text": "conviction as if it's positive. Like"}, {"start": "00:36:32", "end": "00:36:35", "text": "there's nothing positive with conviction"}, {"start": "00:36:34", "end": "00:36:39", "text": "when you are at a big loss and you just"}, {"start": "00:36:35", "end": "00:36:41", "text": "lost like your family money. Okay."}, {"start": "00:36:39", "end": "00:36:46", "text": "Your wife told you go get a real job. He"}, {"start": "00:36:41", "end": "00:36:50", "text": "said, \"No, I'm going to trade.\" Okay, it"}, {"start": "00:36:46", "end": "00:36:53", "text": "went down, man. Risk management system,"}, {"start": "00:36:50", "end": "00:36:55", "text": "exit, entry, take profit, stop-loss. So,"}, {"start": "00:36:53", "end": "00:36:58", "text": "so, so important. Guys, let's go to Q&A."}, {"start": "00:36:55", "end": "00:37:00", "text": "Let's go to Q&A. So, what you have to"}, {"start": "00:36:58", "end": "00:37:02", "text": "do, bullming.com, join the the weight"}, {"start": "00:37:00", "end": "00:37:05", "text": "list. This how it looks like. You scroll"}, {"start": "00:37:02", "end": "00:37:08", "text": "down, join the wait list right here. We"}, {"start": "00:37:05", "end": "00:37:09", "text": "will be sending out new spots uh later"}, {"start": "00:37:08", "end": "00:37:12", "text": "today"}, {"start": "00:37:09", "end": "00:37:15", "text": "until 100k Bitcoin you get current price"}, {"start": "00:37:12", "end": "00:37:18", "text": "after 100K Bitcoin moons price moons"}, {"start": "00:37:15", "end": "00:37:20", "text": "everything moves let's go to Q&A"}, {"start": "00:37:18", "end": "00:37:21", "text": "m or have we been to Q&A I think let's"}, {"start": "00:37:20", "end": "00:37:23", "text": "say I already took some questions maybe"}, {"start": "00:37:21", "end": "00:37:28", "text": "we we kind of merged with Q&A already"}, {"start": "00:37:23", "end": "00:37:30", "text": "big shout out to who to dab for time"}, {"start": "00:37:28", "end": "00:37:32", "text": "stamping us today's dab yes yes all"}, {"start": "00:37:30", "end": "00:37:34", "text": "right let me take some coffee we still"}, {"start": "00:37:32", "end": "00:37:35", "text": "have no coffee boy to bring us in the"}, {"start": "00:37:34", "end": "00:37:37", "text": "bull market I should have a coffee boy"}, {"start": "00:37:35", "end": "00:37:41", "text": "here bringing me coffee so we I can"}, {"start": "00:37:37", "end": "00:37:41", "text": "focus on the stream on your questions"}, {"start": "00:37:41", "end": "00:37:46", "text": "and I just get fed coffee here. Maybe we"}, {"start": "00:37:44", "end": "00:37:50", "text": "should get that bot we we we looked at"}, {"start": "00:37:46", "end": "00:37:50", "text": "last last stream."}, {"start": "00:37:50", "end": "00:37:55", "text": "Can you uh have you checked uh Paul?"}, {"start": "00:37:54", "end": "00:37:57", "text": "Let's just check the chart. Like don't"}, {"start": "00:37:55", "end": "00:37:59", "text": "worry about what they going to burn"}, {"start": "00:37:57", "end": "00:38:00", "text": "sometimes. No, they burn stuff they had"}, {"start": "00:37:59", "end": "00:38:02", "text": "just frozen anyway. So it doesn't"}, {"start": "00:38:00", "end": "00:38:03", "text": "matter. Just check the chart, man. Just"}, {"start": "00:38:02", "end": "00:38:05", "text": "check the chart. As far as I remember,"}, {"start": "00:38:03", "end": "00:38:07", "text": "Polygon was actually pumping quite"}, {"start": "00:38:05", "end": "00:38:09", "text": "nicely. Yeah, it's new trend. Very, very"}, {"start": "00:38:07", "end": "00:38:11", "text": "nice. Um, yeah, it looks bullish, but"}, {"start": "00:38:09", "end": "00:38:13", "text": "with the burn, don't worry about the"}, {"start": "00:38:11", "end": "00:38:14", "text": "burn too much because for you to"}, {"start": "00:38:13", "end": "00:38:16", "text": "understand the burn and the tokconomics"}, {"start": "00:38:14", "end": "00:38:18", "text": "of the burn, you're not going to"}, {"start": "00:38:16", "end": "00:38:20", "text": "understand it. Sometimes you have a"}, {"start": "00:38:18", "end": "00:38:21", "text": "imagine you have a coin. I'm not saying"}, {"start": "00:38:20", "end": "00:38:23", "text": "this is what happened here, but I see it"}, {"start": "00:38:21", "end": "00:38:25", "text": "sometimes that it happens. You have a"}, {"start": "00:38:23", "end": "00:38:27", "text": "coin, you have already a bunch of coins,"}, {"start": "00:38:25", "end": "00:38:30", "text": "they're illquid, frozen, untouched"}, {"start": "00:38:27", "end": "00:38:31", "text": "anyway, and then the team the team says,"}, {"start": "00:38:30", "end": "00:38:33", "text": "\"We burn a billion.\" Yeah, they just"}, {"start": "00:38:31", "end": "00:38:36", "text": "burned the coins that weren't even"}, {"start": "00:38:33", "end": "00:38:38", "text": "active anyway. So yeah, uh I'm not"}, {"start": "00:38:36", "end": "00:38:40", "text": "saying it's what's happening here, but"}, {"start": "00:38:38", "end": "00:38:41", "text": "in the narrative, you you need to study"}, {"start": "00:38:40", "end": "00:38:42", "text": "like you need to understand what what's"}, {"start": "00:38:41", "end": "00:38:44", "text": "happening. They say they burn. Okay,"}, {"start": "00:38:42", "end": "00:38:46", "text": "what they burned? They bought back and"}, {"start": "00:38:44", "end": "00:38:49", "text": "they burned because buy and burn. That's"}, {"start": "00:38:46", "end": "00:38:52", "text": "that's good. It's like Hyperlquid and"}, {"start": "00:38:49", "end": "00:38:55", "text": "other D5 apps. You have u Hyperlid, you"}, {"start": "00:38:52", "end": "00:38:57", "text": "have pump, they buy and burn. They buy"}, {"start": "00:38:55", "end": "00:38:59", "text": "and burn, okay, successfully. And they"}, {"start": "00:38:57", "end": "00:39:01", "text": "have coins that go up a lot. So you buy"}, {"start": "00:38:59", "end": "00:39:03", "text": "and burn. That's good. If you just burn"}, {"start": "00:39:01", "end": "00:39:04", "text": "stuff that weren't even circulating,"}, {"start": "00:39:03", "end": "00:39:07", "text": "literally there's no change to supply"}, {"start": "00:39:04", "end": "00:39:08", "text": "and demand in the market. Okay, there's"}, {"start": "00:39:07", "end": "00:39:10", "text": "no supply and demand in the market. For"}, {"start": "00:39:08", "end": "00:39:14", "text": "supply demand in the market to change,"}, {"start": "00:39:10", "end": "00:39:16", "text": "you need buy and burn. Cryptocapo says"}, {"start": "00:39:14", "end": "00:39:18", "text": "it's bull trap. Um"}, {"start": "00:39:16", "end": "00:39:19", "text": "I don't know like what to say. I don't"}, {"start": "00:39:18", "end": "00:39:20", "text": "know what to say. I don't know guys. I"}, {"start": "00:39:19", "end": "00:39:22", "text": "don't know his strategy even crypto. I"}, {"start": "00:39:20", "end": "00:39:24", "text": "don't know his what's his strategy. I I"}, {"start": "00:39:22", "end": "00:39:25", "text": "tell you our strategy with the trends"}, {"start": "00:39:24", "end": "00:39:27", "text": "with being bullish and bull. You know my"}, {"start": "00:39:25", "end": "00:39:29", "text": "strategy. That's why I'm so humble. I'm"}, {"start": "00:39:27", "end": "00:39:32", "text": "so humble. these guys that just do"}, {"start": "00:39:29", "end": "00:39:34", "text": "random they say random things. They're"}, {"start": "00:39:32", "end": "00:39:36", "text": "unhumbled because it's like, you know,"}, {"start": "00:39:34", "end": "00:39:38", "text": "they claim to know they they claim that"}, {"start": "00:39:36", "end": "00:39:40", "text": "they have some kind of market"}, {"start": "00:39:38", "end": "00:39:41", "text": "understanding that no one else has. But,"}, {"start": "00:39:40", "end": "00:39:42", "text": "you know, no one knows what's going to"}, {"start": "00:39:41", "end": "00:39:44", "text": "happen. No one knows what's going to"}, {"start": "00:39:42", "end": "00:39:46", "text": "happen. You need a strategy. You need"}, {"start": "00:39:44", "end": "00:39:47", "text": "strategy. You need rules. And it's very"}, {"start": "00:39:46", "end": "00:39:48", "text": "liberating to know that you actually"}, {"start": "00:39:47", "end": "00:39:50", "text": "don't need to know what's going to"}, {"start": "00:39:48", "end": "00:39:53", "text": "happen. You just need good strategy and"}, {"start": "00:39:50", "end": "00:39:54", "text": "good rules. Mechanical rules. You need"}, {"start": "00:39:53", "end": "00:39:56", "text": "the beautiful mechanical rules we teach"}, {"start": "00:39:54", "end": "00:39:58", "text": "in Bmania."}, {"start": "00:39:56", "end": "00:40:00", "text": "because that's how we were able to"}, {"start": "00:39:58", "end": "00:40:02", "text": "de-risk in October."}, {"start": "00:40:00", "end": "00:40:04", "text": "Call the bluff on all of the pumps."}, {"start": "00:40:02", "end": "00:40:06", "text": "People said that bull market is back"}, {"start": "00:40:04", "end": "00:40:08", "text": "here. Back in December, people said bull"}, {"start": "00:40:06", "end": "00:40:10", "text": "market is back here. Back in May, we"}, {"start": "00:40:08", "end": "00:40:11", "text": "said no, no, no. It's going to dump."}, {"start": "00:40:10", "end": "00:40:13", "text": "It's going to dump. And here in July, we"}, {"start": "00:40:11", "end": "00:40:14", "text": "said it's time to accumulate. And then"}, {"start": "00:40:13", "end": "00:40:17", "text": "when it went bull trend, we said it's"}, {"start": "00:40:14", "end": "00:40:18", "text": "time to go heavy. So, how can I do it?"}, {"start": "00:40:17", "end": "00:40:21", "text": "Because"}, {"start": "00:40:18", "end": "00:40:22", "text": "with highest probability, I can tell you"}, {"start": "00:40:21", "end": "00:40:24", "text": "things. And this is a lifelong skill. If"}, {"start": "00:40:22", "end": "00:40:26", "text": "you if you learn the mechanical rules is"}, {"start": "00:40:24", "end": "00:40:27", "text": "a lifelong skill you can apply on any"}, {"start": "00:40:26", "end": "00:40:29", "text": "market, any asset, any ticker, any"}, {"start": "00:40:27", "end": "00:40:31", "text": "chart, you you look through the"}, {"start": "00:40:29", "end": "00:40:34", "text": " You look through all of the"}, {"start": "00:40:31", "end": "00:40:36", "text": "fugazi. See the the pleber that doesn't"}, {"start": "00:40:34", "end": "00:40:39", "text": "know anything. He's like he watches"}, {"start": "00:40:36", "end": "00:40:41", "text": "Ivan. Ivan tells you correct then he"}, {"start": "00:40:39", "end": "00:40:44", "text": "goes he watches like 10 other YouTubers."}, {"start": "00:40:41", "end": "00:40:46", "text": "Very bad. It's very bad. Like it's very"}, {"start": "00:40:44", "end": "00:40:47", "text": "bad for your your own understanding of"}, {"start": "00:40:46", "end": "00:40:50", "text": "the market. You can still watch I mean"}, {"start": "00:40:47", "end": "00:40:53", "text": "other takes but you know if you're not"}, {"start": "00:40:50", "end": "00:40:55", "text": "successful you you just going to uh mess"}, {"start": "00:40:53", "end": "00:40:59", "text": "up your brain. Your brain is going to be"}, {"start": "00:40:55", "end": "00:41:00", "text": "slash compot. Okay. It's going to be"}, {"start": "00:40:59", "end": "00:41:03", "text": "mixer."}, {"start": "00:41:00", "end": "00:41:04", "text": "It's going to mix up"}, {"start": "00:41:03", "end": "00:41:06", "text": "and you're going to do a bit of this a"}, {"start": "00:41:04", "end": "00:41:08", "text": "bit of that. Uh I don't know what you're"}, {"start": "00:41:06", "end": "00:41:10", "text": "going to do. That's why again in bull"}, {"start": "00:41:08", "end": "00:41:11", "text": "man you you learn yourself like you get"}, {"start": "00:41:10", "end": "00:41:14", "text": "an understanding of the market yourself"}, {"start": "00:41:11", "end": "00:41:16", "text": "so you can call out the BS. Now some"}, {"start": "00:41:14", "end": "00:41:18", "text": "people are still fun to watch just for"}, {"start": "00:41:16", "end": "00:41:19", "text": "entertainment. Sometimes they have good"}, {"start": "00:41:18", "end": "00:41:21", "text": "interviews sometimes know it's still"}, {"start": "00:41:19", "end": "00:41:23", "text": "interesting to watch you know be in"}, {"start": "00:41:21", "end": "00:41:25", "text": "crypto but if you know yourself"}, {"start": "00:41:23", "end": "00:41:28", "text": "fundamentally deep down you have a your"}, {"start": "00:41:25", "end": "00:41:30", "text": "own foundation of how the market works"}, {"start": "00:41:28", "end": "00:41:32", "text": "of uh how to be bullish how to be"}, {"start": "00:41:30", "end": "00:41:34", "text": "bearish what to listen to what not to"}, {"start": "00:41:32", "end": "00:41:36", "text": "listen to. Oh, it's it's so liberating"}, {"start": "00:41:34", "end": "00:41:37", "text": "because then you enter a trade, you you"}, {"start": "00:41:36", "end": "00:41:38", "text": "don't worry whether you're correct or"}, {"start": "00:41:37", "end": "00:41:39", "text": "not because you have risk management,"}, {"start": "00:41:38", "end": "00:41:40", "text": "you have stop loss, you know, with"}, {"start": "00:41:39", "end": "00:41:43", "text": "highest likelihood is going to be"}, {"start": "00:41:40", "end": "00:41:45", "text": "amazing. And yeah, anyway, uh do you"}, {"start": "00:41:43", "end": "00:41:48", "text": "think NJ price will impact crypto uh"}, {"start": "00:41:45", "end": "00:41:50", "text": "macro? Again, another thing like it's"}, {"start": "00:41:48", "end": "00:41:51", "text": "possible. It's possible. It's unlikely."}, {"start": "00:41:50", "end": "00:41:53", "text": "I don't think it's likely. I don't think"}, {"start": "00:41:51", "end": "00:41:55", "text": "that it's likely it's going to affect uh"}, {"start": "00:41:53", "end": "00:41:56", "text": "crypto. I don't think it's likely it's"}, {"start": "00:41:55", "end": "00:41:59", "text": "going to affect the stock market either"}, {"start": "00:41:56", "end": "00:42:03", "text": "because all of them are in bull trends"}, {"start": "00:41:59", "end": "00:42:04", "text": "and uh there is no end inside like I"}, {"start": "00:42:03", "end": "00:42:07", "text": "don't even care about the energy price"}, {"start": "00:42:04", "end": "00:42:09", "text": "when the NASDAQ literally wants to go to"}, {"start": "00:42:07", "end": "00:42:12", "text": "like new high you see here is going to"}, {"start": "00:42:09", "end": "00:42:13", "text": "open here don't worry about energy price"}, {"start": "00:42:12", "end": "00:42:16", "text": "and if it goes here okay it's bearish"}, {"start": "00:42:13", "end": "00:42:17", "text": "then then maybe energy price does affect"}, {"start": "00:42:16", "end": "00:42:20", "text": "you understand like I don't care it's so"}, {"start": "00:42:17", "end": "00:42:21", "text": "liberating imag is another thing without"}, {"start": "00:42:20", "end": "00:42:23", "text": "mechanical rules you care so much what's"}, {"start": "00:42:21", "end": "00:42:25", "text": "going to happen with energy man who the"}, {"start": "00:42:23", "end": "00:42:26", "text": "hell cares. If it goes bare trend, you"}, {"start": "00:42:25", "end": "00:42:28", "text": "become bearish. Okay, that's it. And"}, {"start": "00:42:26", "end": "00:42:30", "text": "there is a there is obviously an a a a"}, {"start": "00:42:28", "end": "00:42:35", "text": "science to this. How to deploy, how to"}, {"start": "00:42:30", "end": "00:42:37", "text": "know, but you understand? You understand"}, {"start": "00:42:35", "end": "00:42:39", "text": "why you care about energy? Clearly"}, {"start": "00:42:37", "end": "00:42:40", "text": "NASDAQ does not care. And you know who"}, {"start": "00:42:39", "end": "00:42:42", "text": "trades NASDAQ? All of the Wall Street"}, {"start": "00:42:40", "end": "00:42:43", "text": "trades NASDAQ. So maybe they know a bit"}, {"start": "00:42:42", "end": "00:42:47", "text": "more than your YouTuber who told you to"}, {"start": "00:42:43", "end": "00:42:50", "text": "be worried about energy. You know, uh"}, {"start": "00:42:47", "end": "00:42:53", "text": "may maybe they know a bit more."}, {"start": "00:42:50", "end": "00:42:55", "text": "I think also with energy today it's"}, {"start": "00:42:53", "end": "00:42:57", "text": "concerned tomorrow Trump fixes it then"}, {"start": "00:42:55", "end": "00:42:59", "text": "it's concern again. So I I I don't think"}, {"start": "00:42:57", "end": "00:43:01", "text": "I don't worry too much. If it's a"}, {"start": "00:42:59", "end": "00:43:02", "text": "problem we're going to notice it. It's"}, {"start": "00:43:01", "end": "00:43:03", "text": "not like we're not going to know. It's"}, {"start": "00:43:02", "end": "00:43:04", "text": "not like NASDAQ will go to zero and"}, {"start": "00:43:03", "end": "00:43:06", "text": "we're not going to notice it. We're"}, {"start": "00:43:04", "end": "00:43:08", "text": "going it's going to go bear trend here"}, {"start": "00:43:06", "end": "00:43:10", "text": "but we're going to notice it. Don't"}, {"start": "00:43:08", "end": "00:43:13", "text": "worry from here to bare trend in NASDAQ"}, {"start": "00:43:10", "end": "00:43:16", "text": "it's uh 5%. Okay. You're going to notice"}, {"start": "00:43:13", "end": "00:43:19", "text": "it. Okay. You're not going to lose your"}, {"start": "00:43:16", "end": "00:43:22", "text": "family net worth."}, {"start": "00:43:19", "end": "00:43:23", "text": "You're going to notice it."}, {"start": "00:43:22", "end": "00:43:25", "text": "But here's the problem. If you become"}, {"start": "00:43:23", "end": "00:43:27", "text": "fearful now because of energy, you sell"}, {"start": "00:43:25", "end": "00:43:29", "text": "and it starts pumping and then you"}, {"start": "00:43:27", "end": "00:43:31", "text": "follow you chase it and again see here"}, {"start": "00:43:29", "end": "00:43:33", "text": "you have cl I give you clarity here."}, {"start": "00:43:31", "end": "00:43:34", "text": "Imagine like not having cl you just you"}, {"start": "00:43:33", "end": "00:43:37", "text": "know you trade chart like this without"}, {"start": "00:43:34", "end": "00:43:38", "text": "clarity. How you going to trade it? I"}, {"start": "00:43:37", "end": "00:43:40", "text": "don't know how you're going to trade. I"}, {"start": "00:43:38", "end": "00:43:42", "text": "don't know. And but most people they"}, {"start": "00:43:40", "end": "00:43:46", "text": "they just look like this like okay"}, {"start": "00:43:42", "end": "00:43:48", "text": "support resistance. Uh uh. Oh, this guy"}, {"start": "00:43:46", "end": "00:43:51", "text": "said it's going to dump because of uh"}, {"start": "00:43:48", "end": "00:43:53", "text": "energy. Maybe it would. I mean, who the"}, {"start": "00:43:51", "end": "00:43:55", "text": "hell knows? With without a compass,"}, {"start": "00:43:53", "end": "00:43:59", "text": "you're you're uh you're lost. You're"}, {"start": "00:43:55", "end": "00:43:59", "text": "lost without a compass."}, {"start": "00:44:02", "end": "00:44:11", "text": "Hey, can you please show spx? Let's see."}, {"start": "00:44:05", "end": "00:44:11", "text": "SPX. SPX. SPX 69. M"}, {"start": "00:44:12", "end": "00:44:16", "text": "69. He's trying, guys. He's trying. He's"}, {"start": "00:44:14", "end": "00:44:18", "text": "trying something here. He's a bit"}, {"start": "00:44:16", "end": "00:44:19", "text": "bullish. He's very is bull trend. Uh a"}, {"start": "00:44:18", "end": "00:44:20", "text": "bit below the flip, but yeah, likely"}, {"start": "00:44:19", "end": "00:44:22", "text": "going to do okay because it's bull"}, {"start": "00:44:20", "end": "00:44:24", "text": "trend. So,"}, {"start": "00:44:22", "end": "00:44:29", "text": "it's good. It's coming back. It's coming"}, {"start": "00:44:24", "end": "00:44:29", "text": "back slowly but surely."}, {"start": "00:44:42", "end": "00:44:47", "text": "Someone says Prism guy. Yeah. So, so"}, {"start": "00:44:45", "end": "00:44:49", "text": "Prism by the way when we called it I"}, {"start": "00:44:47", "end": "00:44:50", "text": "think it it's up like five since we"}, {"start": "00:44:49", "end": "00:44:54", "text": "since we called it with a very very"}, {"start": "00:44:50", "end": "00:44:55", "text": "active community. Uh I will do I will I"}, {"start": "00:44:54", "end": "00:44:57", "text": "don't worry I will I will take credit"}, {"start": "00:44:55", "end": "00:44:59", "text": "for it. I will take credit for it. Uh I"}, {"start": "00:44:57", "end": "00:45:02", "text": "I just need to see when we called it,"}, {"start": "00:44:59", "end": "00:45:04", "text": "where it is now, and um yeah, so we're"}, {"start": "00:45:02", "end": "00:45:06", "text": "gonna take heavy heavy credit for all of"}, {"start": "00:45:04", "end": "00:45:10", "text": "it for for calling it super super"}, {"start": "00:45:06", "end": "00:45:13", "text": "heavily. Um Ivan, what's your opinion on"}, {"start": "00:45:10", "end": "00:45:15", "text": "crypto is for AI agent, not human. Point"}, {"start": "00:45:13", "end": "00:45:17", "text": "shared by George Visser. Yeah, probably"}, {"start": "00:45:15", "end": "00:45:20", "text": "correct. Probably correct. I mean, it's"}, {"start": "00:45:17", "end": "00:45:22", "text": "for everyone. It's for human. It's for"}, {"start": "00:45:20", "end": "00:45:25", "text": "AI. Well, why you exclude human? It's"}, {"start": "00:45:22", "end": "00:45:28", "text": "for human also. It's for human. It's for"}, {"start": "00:45:25", "end": "00:45:28", "text": "AI. It's for everyone."}, {"start": "00:45:28", "end": "00:45:33", "text": "But yeah, I mean AI can use crypto. They"}, {"start": "00:45:30", "end": "00:45:34", "text": "cannot use PayPal. They cannot do KYC in"}, {"start": "00:45:33", "end": "00:45:38", "text": "PayPal. But they can programmatically"}, {"start": "00:45:34", "end": "00:45:38", "text": "use crypto yet. Correct."}, {"start": "00:45:41", "end": "00:45:45", "text": "Oh, what the hell is this? Look here. I"}, {"start": "00:45:42", "end": "00:45:48", "text": "just saw it on Twitter. X sues Bitcoin"}, {"start": "00:45:45", "end": "00:45:51", "text": "influencer over alleged 200K pound"}, {"start": "00:45:48", "end": "00:45:54", "text": "engagement fraud scheme. X has sued"}, {"start": "00:45:51", "end": "00:45:57", "text": "operators behind Vivvec for real, a"}, {"start": "00:45:54", "end": "00:46:01", "text": "network of Bitcoin crypto accounts that"}, {"start": "00:45:57", "end": "00:46:03", "text": "they manipulated and stole 200K from"}, {"start": "00:46:01", "end": "00:46:05", "text": "creator rewards. Interesting. X claims"}, {"start": "00:46:03", "end": "00:46:06", "text": "that accounts repeatedly liked, repos,"}, {"start": "00:46:05", "end": "00:46:09", "text": "and shared with one another, published"}, {"start": "00:46:06", "end": "00:46:11", "text": "identical and near identical content uh"}, {"start": "00:46:09", "end": "00:46:13", "text": "and used the web of financial accounts"}, {"start": "00:46:11", "end": "00:46:16", "text": "to conceal their connections."}, {"start": "00:46:13", "end": "00:46:19", "text": "Interesting. The company alleges"}, {"start": "00:46:16", "end": "00:46:23", "text": "Bitcoin T Bitcoin Cyps."}, {"start": "00:46:19", "end": "00:46:25", "text": "Yeah, there you go, guys. Don't um don't"}, {"start": "00:46:23", "end": "00:46:29", "text": "uh don't engagement form with Elon. He"}, {"start": "00:46:25", "end": "00:46:29", "text": "doesn't like that."}, {"start": "00:46:29", "end": "00:46:34", "text": "Oh, yeah. Yeah. By the way, exactly."}, {"start": "00:46:31", "end": "00:46:37", "text": "Exactly. Let me share this about uh Jake"}, {"start": "00:46:34", "end": "00:46:38", "text": "Paul and u what's happening. I don't I"}, {"start": "00:46:37", "end": "00:46:39", "text": "haven't really followed along. What's"}, {"start": "00:46:38", "end": "00:46:43", "text": "happening, guys? What's happening here?"}, {"start": "00:46:39", "end": "00:46:45", "text": "So, Logan Paul So Logan Paul and Jake"}, {"start": "00:46:43", "end": "00:46:47", "text": "Paul, they went to Pentagon to meet"}, {"start": "00:46:45", "end": "00:46:49", "text": ">> getting a tour of the Pentagon and uh"}, {"start": "00:46:47", "end": "00:46:51", "text": "what a what a cool experience. We see"}, {"start": "00:46:49", "end": "00:46:53", "text": "all the men and women here who are"}, {"start": "00:46:51", "end": "00:46:55", "text": "serving this great nation. I don't think"}, {"start": "00:46:53", "end": "00:46:57", "text": "there is any greater commitment to"}, {"start": "00:46:55", "end": "00:46:58", "text": "sacrifice than those who are willing to"}, {"start": "00:46:57", "end": "00:47:01", "text": ">> Yeah. Yeah. I mean, it's interesting."}, {"start": "00:46:58", "end": "00:47:04", "text": "It's interesting."}, {"start": "00:47:01", "end": "00:47:06", "text": "Department of War. Imagine showing this"}, {"start": "00:47:04", "end": "00:47:09", "text": "image to someone in 2017 when they were"}, {"start": "00:47:06", "end": "00:47:11", "text": "like, you know, influencers. I mean,"}, {"start": "00:47:09", "end": "00:47:12", "text": "there still are, but I I don't know."}, {"start": "00:47:11", "end": "00:47:14", "text": "They are influencers, but also they're"}, {"start": "00:47:12", "end": "00:47:15", "text": "like connected to Trump."}, {"start": "00:47:14", "end": "00:47:17", "text": ">> Greater commitment to sacrifice than"}, {"start": "00:47:15", "end": "00:47:20", "text": "those who are willing to"}, {"start": "00:47:17", "end": "00:47:23", "text": ">> live. Interesting. Interesting. I think"}, {"start": "00:47:20", "end": "00:47:26", "text": "Scott Bessant is smart."}, {"start": "00:47:23", "end": "00:47:30", "text": "Scott Bessant is using them to sell the"}, {"start": "00:47:26", "end": "00:47:34", "text": "treasury. Okay. And uh that's smart."}, {"start": "00:47:30", "end": "00:47:36", "text": "That's smart. That's smart. Uh"}, {"start": "00:47:34", "end": "00:47:39", "text": "I think Scott Bessant, he discovered"}, {"start": "00:47:36", "end": "00:47:40", "text": "that we can use influencer marketing for"}, {"start": "00:47:39", "end": "00:47:44", "text": "selling treasuries because no one wants"}, {"start": "00:47:40", "end": "00:47:45", "text": "to buy treasuries. And yeah."}, {"start": "00:47:44", "end": "00:47:47", "text": "Oh, by the way guys, by the way guys,"}, {"start": "00:47:45", "end": "00:47:50", "text": "Ada, Ada, I'm so sorry for Ada. Is it"}, {"start": "00:47:47", "end": "00:47:52", "text": "bull trend? It's not bull trend. But"}, {"start": "00:47:50", "end": "00:47:56", "text": "Charles has an explanation. Charles has"}, {"start": "00:47:52", "end": "00:47:59", "text": "an explanation. He says it's because"}, {"start": "00:47:56", "end": "00:48:02", "text": "he's honest. That's why it doesn't pump."}, {"start": "00:47:59", "end": "00:48:03", "text": "He's simply too honest. He's simply too"}, {"start": "00:48:02", "end": "00:48:06", "text": "honest."}, {"start": "00:48:03", "end": "00:48:08", "text": ">> The other 18,000 blockchain projects, it"}, {"start": "00:48:06", "end": "00:48:10", "text": "is. And there are some who've managed to"}, {"start": "00:48:08", "end": "00:48:11", "text": "get the price up through corruption,"}, {"start": "00:48:10", "end": "00:48:13", "text": "lying, cheating, and stealing. There's"}, {"start": "00:48:11", "end": "00:48:14", "text": "some where they've manipulated some"}, {"start": "00:48:13", "end": "00:48:16", "text": "things. There's some they pumped it up"}, {"start": "00:48:14", "end": "00:48:18", "text": "2100%. They got all their friends"}, {"start": "00:48:16", "end": "00:48:20", "text": "together and so all this is the next big"}, {"start": "00:48:18", "end": "00:48:21", "text": "narrative and they push and push and"}, {"start": "00:48:20", "end": "00:48:24", "text": "push and the retail go to the pig slop"}, {"start": "00:48:21", "end": "00:48:28", "text": "and buy it till they get dumped by the"}, {"start": "00:48:24", "end": "00:48:28", "text": "other 18,000 block."}, {"start": "00:48:29", "end": "00:48:34", "text": "Oh, okay. Okay. Okay. This this is the"}, {"start": "00:48:31", "end": "00:48:36", "text": "cop. This is the highest quality graded"}, {"start": "00:48:34", "end": "00:48:37", "text": "cope. I love guys. I love this. I love"}, {"start": "00:48:36", "end": "00:48:40", "text": "this."}, {"start": "00:48:37", "end": "00:48:42", "text": ">> The other 18,000 blockchain projects. It"}, {"start": "00:48:40", "end": "00:48:43", "text": "is. And there are some who've managed to"}, {"start": "00:48:42", "end": "00:48:45", "text": "get the price up through corruption,"}, {"start": "00:48:43", "end": "00:48:46", "text": "lying, cheating, and stealing. There's"}, {"start": "00:48:45", "end": "00:48:48", "text": "some where they've manipulated some"}, {"start": "00:48:46", "end": "00:48:50", "text": "things. There's some they pumped it up"}, {"start": "00:48:48", "end": "00:48:52", "text": "2100%. They got all their friends"}, {"start": "00:48:50", "end": "00:48:53", "text": "together and so this is the next big"}, {"start": "00:48:52", "end": "00:48:55", "text": "narrative and they push and push and"}, {"start": "00:48:53", "end": "00:48:57", "text": "push and the retail go to the pig slop"}, {"start": "00:48:55", "end": "00:49:02", "text": "and buy it till they get dumped by the"}, {"start": "00:48:57", "end": "00:49:02", "text": "other 18,000 blockchain project."}, {"start": "00:49:05", "end": "00:49:08", "text": "What's happening?"}, {"start": "00:49:08", "end": "00:49:14", "text": "You should be in bull tread now. Oh, it"}, {"start": "00:49:10", "end": "00:49:18", "text": "is bull market but our dear Ada. Where"}, {"start": "00:49:14", "end": "00:49:19", "text": "is Ada? No one has seen Ada."}, {"start": "00:49:18", "end": "00:49:22", "text": "Okay, it's coming back to"}, {"start": "00:49:19", "end": "00:49:25", "text": "That's good. I mean you see Charles has"}, {"start": "00:49:22", "end": "00:49:26", "text": "fundamentals just by being Charles. Like"}, {"start": "00:49:25", "end": "00:49:29", "text": "you know there is something to him. I"}, {"start": "00:49:26", "end": "00:49:33", "text": "love I love Charles in bull guys. Soon"}, {"start": "00:49:29", "end": "00:49:35", "text": "ad is bull trend. Okay, add in bull"}, {"start": "00:49:33", "end": "00:49:38", "text": "trend is the first time since October"}, {"start": "00:49:35", "end": "00:49:40", "text": "and uh it would be a nice 100% pump to"}, {"start": "00:49:38", "end": "00:49:42", "text": "return to that."}, {"start": "00:49:40", "end": "00:49:45", "text": "And yeah, so hopefully it can go to"}, {"start": "00:49:42", "end": "00:49:48", "text": " But I I love this cope."}, {"start": "00:49:45", "end": "00:49:51", "text": "Everyone is just too dishonest and I'm"}, {"start": "00:49:48", "end": "00:49:53", "text": "honest. That's why we don't pump. Of"}, {"start": "00:49:51", "end": "00:49:55", "text": "course, man. How didn't How didn't I"}, {"start": "00:49:53", "end": "00:49:57", "text": "think about that? Of course, it's"}, {"start": "00:49:55", "end": "00:50:00", "text": "because everyone is not honest but other"}, {"start": "00:49:57", "end": "00:50:01", "text": "is honest. Yeah. Yeah. Yeah. That's why."}, {"start": "00:50:00", "end": "00:50:02", "text": "Got it. Got it. Got it. Let's see."}, {"start": "00:50:01", "end": "00:50:04", "text": "Where's Alex? I have it here somewhere"}, {"start": "00:50:02", "end": "00:50:07", "text": "in my list. Why you don't see? Oh, yeah."}, {"start": "00:50:04", "end": "00:50:09", "text": "Here, here, here. Alexop new trend. New"}, {"start": "00:50:07", "end": "00:50:11", "text": "bull trend. Correct. Correct. Just it"}, {"start": "00:50:09", "end": "00:50:14", "text": "flip bullish uh on now like today."}, {"start": "00:50:11", "end": "00:50:18", "text": "Today. So, now we look forward to a nice"}, {"start": "00:50:14", "end": "00:50:18", "text": "voyage. Voyage. Voyage"}, {"start": "00:50:21", "end": "00:50:25", "text": "100%. Let's see if we can get that. It's"}, {"start": "00:50:24", "end": "00:50:28", "text": "voyage. Voyage, guys. We're going"}, {"start": "00:50:25", "end": "00:50:30", "text": "voyage."}, {"start": "00:50:28", "end": "00:50:30", "text": "Voyage."}, {"start": "00:50:34", "end": "00:50:39", "text": "Okay, let's go to a Q&A."}, {"start": "00:50:37", "end": "00:50:42", "text": "No sana. No sana. No sana. Is the GPU"}, {"start": "00:50:39", "end": "00:50:44", "text": "guys? No sana. Let's see what's"}, {"start": "00:50:42", "end": "00:50:47", "text": "happening. No sana. Where is it? No. No."}, {"start": "00:50:44", "end": "00:50:47", "text": "Boltron."}, {"start": "00:50:54", "end": "00:51:01", "text": "What? What he say? What's he saying? Uh"}, {"start": "00:50:58", "end": "00:51:03", "text": "voyage voyage."}, {"start": "00:51:01", "end": "00:51:05", "text": "Okay. Yeah, sorry guys. I have many"}, {"start": "00:51:03", "end": "00:51:07", "text": "strengths."}, {"start": "00:51:05", "end": "00:51:08", "text": "Maybe singing is not one of them, but"}, {"start": "00:51:07", "end": "00:51:10", "text": "maybe it is. Look here. It's still Bren"}, {"start": "00:51:08", "end": "00:51:13", "text": "Crow. Crow."}, {"start": "00:51:10", "end": "00:51:15", "text": "Crow."}, {"start": "00:51:13", "end": "00:51:19", "text": "Bertrren. Zash. Go back. Rewatch the"}, {"start": "00:51:15", "end": "00:51:19", "text": "stream. We already covered Zash."}, {"start": "00:51:19", "end": "00:51:25", "text": "Piss. Piss. Piss. Piss. Piss. Peace."}, {"start": "00:51:23", "end": "00:51:28", "text": "Piss. Where's piss?"}, {"start": "00:51:25", "end": "00:51:29", "text": "Yo yo yo yo. If it closes like this this"}, {"start": "00:51:28", "end": "00:51:31", "text": "week, boop, bullish, bullish, bullish,"}, {"start": "00:51:29", "end": "00:51:33", "text": "bullish. Unconfirmed bull trend, guys."}, {"start": "00:51:31", "end": "00:51:36", "text": "Unconfirmed bull trend. If it close like"}, {"start": "00:51:33", "end": "00:51:40", "text": "this, bullish."}, {"start": "00:51:36", "end": "00:51:40", "text": "Pango, man. Can Pango come back?"}, {"start": "00:51:44", "end": "00:51:49", "text": "Yeah, it's bull trend, but it's a bit uh"}, {"start": "00:51:46", "end": "00:51:50", "text": "deflated. Let's see if it can inflate by"}, {"start": "00:51:49", "end": "00:51:52", "text": "technically bull trend. Pango, but"}, {"start": "00:51:50", "end": "00:51:53", "text": "deflated."}, {"start": "00:51:52", "end": "00:51:55", "text": "Guys, that's it. Thank you very much for"}, {"start": "00:51:53", "end": "00:51:57", "text": "being here. We are at 51 minutes. It's"}, {"start": "00:51:55", "end": "00:52:02", "text": "good length. Thanks for being here. Fan"}, {"start": "00:51:57", "end": "00:52:04", "text": "stream. Fan stream. Smash up the like."}, {"start": "00:52:02", "end": "00:52:05", "text": "Big shout out to Dub for time stamping"}, {"start": "00:52:04", "end": "00:52:08", "text": "us today."}, {"start": "00:52:05", "end": "00:52:09", "text": "Then uh go to uh Bulmania weight list."}, {"start": "00:52:08", "end": "00:52:11", "text": "First link of description. We're"}, {"start": "00:52:09", "end": "00:52:13", "text": "releasing new spots today. Number two,"}, {"start": "00:52:11", "end": "00:52:15", "text": "exchange starter pack. Get it as soon as"}, {"start": "00:52:13", "end": "00:52:18", "text": "possible. It's the second link, I think."}, {"start": "00:52:15", "end": "00:52:20", "text": "Bulmania arena. When you uh sign up with"}, {"start": "00:52:18", "end": "00:52:22", "text": "our exchanges, go to Bulmania Arena and"}, {"start": "00:52:20", "end": "00:52:24", "text": "connect them. So you get part of the you"}, {"start": "00:52:22", "end": "00:52:26", "text": "get part of the cash back. So, Pionex is"}, {"start": "00:52:24", "end": "00:52:28", "text": "live. Bit tuning is coming in October."}, {"start": "00:52:26", "end": "00:52:29", "text": "Weeks, we're working on weeks working on"}, {"start": "00:52:28", "end": "00:52:31", "text": "buy. Like everything is coming here."}, {"start": "00:52:29", "end": "00:52:33", "text": "We're going to be giving probably"}, {"start": "00:52:31", "end": "00:52:36", "text": "hundreds of thousands in cashbacks in"}, {"start": "00:52:33", "end": "00:52:38", "text": "the bull. But for now, it's it's only"}, {"start": "00:52:36", "end": "00:52:41", "text": "Pionex. So guys, thank you very much and"}, {"start": "00:52:38", "end": "00:52:44", "text": "exactly never forget October 8th when we"}, {"start": "00:52:41", "end": "00:52:46", "text": "risked then July start to buy back and"}, {"start": "00:52:44", "end": "00:52:48", "text": "best the best execution, humblest"}, {"start": "00:52:46", "end": "00:52:50", "text": "execution because we always have risk"}, {"start": "00:52:48", "end": "00:52:52", "text": "management. We we I I tell guys I mean"}, {"start": "00:52:50", "end": "00:52:54", "text": "we don't know what's going to happen in"}, {"start": "00:52:52", "end": "00:52:55", "text": "the market but we're so we have a"}, {"start": "00:52:54", "end": "00:52:57", "text": "strategy that positions us in such a way"}, {"start": "00:52:55", "end": "00:52:58", "text": "that uh with highest likelihood it's"}, {"start": "00:52:57", "end": "00:53:00", "text": "going to be very good. It's going to be"}, {"start": "00:52:58", "end": "00:53:01", "text": "very profitable with highest likelihood"}, {"start": "00:53:00", "end": "00:53:03", "text": "but if it goes against our stop- loss"}, {"start": "00:53:01", "end": "00:53:06", "text": "risk management yada yada yada most"}, {"start": "00:53:03", "end": "00:53:09", "text": "realistic most humble most precise"}, {"start": "00:53:06", "end": "00:53:09", "text": "analysis. Thank you very much."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "the button."}, {"start": "00:00:03", "end": "00:00:07", "text": "Oh yes. Oh yes. Oh yes. Oh yes. Guys,"}, {"start": "00:00:05", "end": "00:00:08", "text": "welcome to another episode. And as you"}, {"start": "00:00:07", "end": "00:00:14", "text": "can see right now, Bitcoin is currently"}, {"start": "00:00:08", "end": "00:00:16", "text": "at 76 76.4. And we just had a massive,"}, {"start": "00:00:14", "end": "00:00:19", "text": "massive bearish event with the interest"}, {"start": "00:00:16", "end": "00:00:23", "text": "rate hikes. The interest rate were hiked"}, {"start": "00:00:19", "end": "00:00:26", "text": "yesterday. The Fed unanimously voted to"}, {"start": "00:00:23", "end": "00:00:29", "text": "raise rates, defying Trump. Trump is not"}, {"start": "00:00:26", "end": "00:00:31", "text": "happy. Trump is coming out saying that"}, {"start": "00:00:29", "end": "00:00:34", "text": "interest rates in the US should be 1% or"}, {"start": "00:00:31", "end": "00:00:38", "text": "less because we are the best credit in"}, {"start": "00:00:34", "end": "00:00:41", "text": "the world by far. Our country is booming"}, {"start": "00:00:38", "end": "00:00:43", "text": "with new investment. If we stop trading"}, {"start": "00:00:41", "end": "00:00:45", "text": "with every country that we have deficit"}, {"start": "00:00:43", "end": "00:00:48", "text": "with, which would be most of them, we"}, {"start": "00:00:45", "end": "00:00:50", "text": "would make at least $ 1.5 trillion a"}, {"start": "00:00:48", "end": "00:00:54", "text": "year. Many people coming out saying that"}, {"start": "00:00:50", "end": "00:00:56", "text": "this is not going to end well. All"}, {"start": "00:00:54", "end": "00:01:00", "text": "happening is too close to election."}, {"start": "00:00:56", "end": "00:01:02", "text": "expect wors and trump tension only AI"}, {"start": "00:01:00", "end": "00:01:04", "text": "mega bull trend can overshadow but"}, {"start": "00:01:02", "end": "00:01:07", "text": "unclear that it will but guys you know"}, {"start": "00:01:04", "end": "00:01:10", "text": "for bitcoin we don't care this is the"}, {"start": "00:01:07", "end": "00:01:12", "text": "best thing with bitcoin for bitcoin all"}, {"start": "00:01:10", "end": "00:01:13", "text": "of this actually does not matter I have"}, {"start": "00:01:12", "end": "00:01:15", "text": "so many questions people asking Ivan"}, {"start": "00:01:13", "end": "00:01:17", "text": "what's going to happen are we going to"}, {"start": "00:01:15", "end": "00:01:19", "text": "go down what's going to happen literally"}, {"start": "00:01:17", "end": "00:01:22", "text": "the two bad things that people were"}, {"start": "00:01:19", "end": "00:01:24", "text": "afraid of already happened and bitcoin"}, {"start": "00:01:22", "end": "00:01:29", "text": "did not dump a lot we did go down like"}, {"start": "00:01:24", "end": "00:01:32", "text": "1k like 1%. Okay, so clarity failed."}, {"start": "00:01:29", "end": "00:01:36", "text": "Rate hike happened. Bitcoin doesn't give"}, {"start": "00:01:32", "end": "00:01:38", "text": "a duck. Ivan told you clearly. And now"}, {"start": "00:01:36", "end": "00:01:41", "text": "let's pump it back up. All in all,"}, {"start": "00:01:38", "end": "00:01:44", "text": "Bitcoin is repeating quite exact what it"}, {"start": "00:01:41", "end": "00:01:47", "text": "did right here at the early early stages"}, {"start": "00:01:44", "end": "00:01:49", "text": "of the previous bull market where we"}, {"start": "00:01:47", "end": "00:01:51", "text": "have the bull chunk confirmed. We like"}, {"start": "00:01:49", "end": "00:01:53", "text": "now we have it confirmed already. Then"}, {"start": "00:01:51", "end": "00:01:57", "text": "we go down a bit. we went down all the"}, {"start": "00:01:53", "end": "00:02:00", "text": "way here to 19K from uh 22 all the way"}, {"start": "00:01:57", "end": "00:02:02", "text": "to 19 uh and then interest rates went"}, {"start": "00:02:00", "end": "00:02:04", "text": "actually up and Bitcoin continued to the"}, {"start": "00:02:02", "end": "00:02:06", "text": "upside. Now is not the time to be"}, {"start": "00:02:04", "end": "00:02:08", "text": "bearish guys. Now it's not the time to"}, {"start": "00:02:06", "end": "00:02:11", "text": "be concerned with interest rate this and"}, {"start": "00:02:08", "end": "00:02:13", "text": "that within within a bull market"}, {"start": "00:02:11", "end": "00:02:15", "text": "especially at the end of the bull market"}, {"start": "00:02:13", "end": "00:02:18", "text": "it may have impact but at the same time"}, {"start": "00:02:15", "end": "00:02:20", "text": "you see that they decreased rates here"}, {"start": "00:02:18", "end": "00:02:23", "text": "and the Bitcoin dumped Bitcoin dumped"}, {"start": "00:02:20", "end": "00:02:25", "text": "when they decrease rates. Why? Because"}, {"start": "00:02:23", "end": "00:02:28", "text": "this is more about whether everyone has"}, {"start": "00:02:25", "end": "00:02:30", "text": "bought already or not. Whether everyone"}, {"start": "00:02:28", "end": "00:02:33", "text": "is all in or not. Because when everyone"}, {"start": "00:02:30", "end": "00:02:35", "text": "is all in, no one else can buy. No one"}, {"start": "00:02:33", "end": "00:02:37", "text": "else is bidding. And then we dump and"}, {"start": "00:02:35", "end": "00:02:40", "text": "now it's vice versa. Everyone who wanted"}, {"start": "00:02:37", "end": "00:02:42", "text": "to sell sold and now it is up only"}, {"start": "00:02:40", "end": "00:02:44", "text": "trajectory. That is most likely for"}, {"start": "00:02:42", "end": "00:02:46", "text": "Bitcoin. Now should we go down lower"}, {"start": "00:02:44", "end": "00:02:48", "text": "just buy more? In this situation where"}, {"start": "00:02:46", "end": "00:02:50", "text": "we are a year from the previous peak."}, {"start": "00:02:48", "end": "00:02:52", "text": "Should we go down just buy more? Simple"}, {"start": "00:02:50", "end": "00:02:54", "text": "simple simple simple. We're likely to"}, {"start": "00:02:52", "end": "00:02:56", "text": "have the best most important bull market"}, {"start": "00:02:54", "end": "00:02:58", "text": "in front of us. And yeah, we're ready"}, {"start": "00:02:56", "end": "00:03:00", "text": "for it. We're ready for it. In terms of"}, {"start": "00:02:58", "end": "00:03:02", "text": "the bond market, it's more or less"}, {"start": "00:03:00", "end": "00:03:04", "text": "broken. Again another argument for"}, {"start": "00:03:02", "end": "00:03:06", "text": "Bitcoin because the bond market is more"}, {"start": "00:03:04", "end": "00:03:09", "text": "or less broken. They did increase the"}, {"start": "00:03:06", "end": "00:03:12", "text": "rate. The Fed increased the rate but you"}, {"start": "00:03:09", "end": "00:03:14", "text": "see the reaction in the bond market is"}, {"start": "00:03:12", "end": "00:03:16", "text": "is not really going along. The bond"}, {"start": "00:03:14", "end": "00:03:19", "text": "market should have come down. The rates"}, {"start": "00:03:16", "end": "00:03:21", "text": "should have um calmed down a bit in the"}, {"start": "00:03:19", "end": "00:03:23", "text": "in the for the market rate in the in the"}, {"start": "00:03:21", "end": "00:03:25", "text": "bond market because when the Fed"}, {"start": "00:03:23", "end": "00:03:28", "text": "increases the rate, it means that"}, {"start": "00:03:25", "end": "00:03:31", "text": "inflation is more under control. So a a"}, {"start": "00:03:28", "end": "00:03:33", "text": "lot of this long-term um rates should"}, {"start": "00:03:31", "end": "00:03:36", "text": "also come down. Okay, they should come"}, {"start": "00:03:33", "end": "00:03:38", "text": "down. Uh when the Fed increase rates,"}, {"start": "00:03:36", "end": "00:03:39", "text": "long-term uh yields, they should come"}, {"start": "00:03:38", "end": "00:03:41", "text": "down because then it means that the US"}, {"start": "00:03:39", "end": "00:03:43", "text": "has more control of inflation and"}, {"start": "00:03:41", "end": "00:03:46", "text": "investors can be more confident that"}, {"start": "00:03:43", "end": "00:03:48", "text": "their uh bond yield will not be"}, {"start": "00:03:46", "end": "00:03:49", "text": "hyperinflated away. But instead, it's"}, {"start": "00:03:48", "end": "00:03:52", "text": "not really working. Let's see how it"}, {"start": "00:03:49", "end": "00:03:54", "text": "will end. Bitcoin is the solution. Very"}, {"start": "00:03:52", "end": "00:03:58", "text": "important. Bitcoin is the solution. Uh"}, {"start": "00:03:54", "end": "00:04:00", "text": "you do have also a US committee a house"}, {"start": "00:03:58", "end": "00:04:03", "text": "committee advancing the bill to"}, {"start": "00:04:00", "end": "00:04:05", "text": "establish a bitcoin strategic reserve."}, {"start": "00:04:03", "end": "00:04:07", "text": "This is very important. This is under"}, {"start": "00:04:05", "end": "00:04:08", "text": "reportported. This is more or less under"}, {"start": "00:04:07", "end": "00:04:12", "text": "reportported. The fact that the US"}, {"start": "00:04:08", "end": "00:04:15", "text": "government is actively now taking steps"}, {"start": "00:04:12", "end": "00:04:17", "text": "in order to establish a strategic"}, {"start": "00:04:15", "end": "00:04:19", "text": "Bitcoin reserve. We dreamed about it"}, {"start": "00:04:17", "end": "00:04:21", "text": "already years ago when Trump got"}, {"start": "00:04:19", "end": "00:04:23", "text": "elected. Could it happen? I don't want"}, {"start": "00:04:21", "end": "00:04:24", "text": "to get to get my hopes up, but at the"}, {"start": "00:04:23", "end": "00:04:26", "text": "end of the day, it may happen. Uh it's"}, {"start": "00:04:24", "end": "00:04:28", "text": "it's inevitable. Bitcoin is Bitcoin. At"}, {"start": "00:04:26", "end": "00:04:29", "text": "some point, it's going to happen that"}, {"start": "00:04:28", "end": "00:04:32", "text": "countries have strategic Bitcoin"}, {"start": "00:04:29", "end": "00:04:34", "text": "reserve. Also, Michael Sailor is coming"}, {"start": "00:04:32", "end": "00:04:38", "text": "out saying that with clarity stalled, I"}, {"start": "00:04:34", "end": "00:04:41", "text": "expect the SEC, CFTC, and Treasury to"}, {"start": "00:04:38", "end": "00:04:44", "text": "advance rules under the existing law,"}, {"start": "00:04:41", "end": "00:04:46", "text": "banks to expand Bitcoin custody and"}, {"start": "00:04:44", "end": "00:04:48", "text": "loans against it, and more capital to"}, {"start": "00:04:46", "end": "00:04:50", "text": "favor Bitcoin and digital credit. Now"}, {"start": "00:04:48", "end": "00:04:52", "text": "this is very important from the"}, {"start": "00:04:50", "end": "00:04:54", "text": "perspective of having better rules in"}, {"start": "00:04:52", "end": "00:04:56", "text": "the US. It's not going to be as good as"}, {"start": "00:04:54", "end": "00:04:58", "text": "having clarity act. Why? Because"}, {"start": "00:04:56", "end": "00:05:01", "text": "whatever rules they do now could be"}, {"start": "00:04:58", "end": "00:05:04", "text": "reversed by new administration. Let's"}, {"start": "00:05:01", "end": "00:05:07", "text": "see what kind of uh path the US will"}, {"start": "00:05:04", "end": "00:05:09", "text": "take with the new house, new senate,"}, {"start": "00:05:07", "end": "00:05:11", "text": "whatever is getting changed now in the"}, {"start": "00:05:09", "end": "00:05:14", "text": "midterms. Likely going to be a big"}, {"start": "00:05:11", "end": "00:05:15", "text": "change and u let's see if if the crypto"}, {"start": "00:05:14", "end": "00:05:17", "text": "industry will be able to move ahead like"}, {"start": "00:05:15", "end": "00:05:19", "text": "it's been doing now or not. But at the"}, {"start": "00:05:17", "end": "00:05:21", "text": "end of the day, still you're gonna have"}, {"start": "00:05:19", "end": "00:05:24", "text": "two more years, at least two more years"}, {"start": "00:05:21", "end": "00:05:26", "text": "of procry proc crypto administration,"}, {"start": "00:05:24", "end": "00:05:28", "text": "which is uh very good for us. For us is"}, {"start": "00:05:26", "end": "00:05:29", "text": "very good. Then what happens then? Who"}, {"start": "00:05:28", "end": "00:05:32", "text": "the hell knows guys? Maybe we're going"}, {"start": "00:05:29", "end": "00:05:33", "text": "to pay for all of the Trump coins and"}, {"start": "00:05:32", "end": "00:05:36", "text": "everything everything has happened here"}, {"start": "00:05:33", "end": "00:05:38", "text": "with worldy finance. Maybe this industry"}, {"start": "00:05:36", "end": "00:05:39", "text": "is going to be blamed for things that"}, {"start": "00:05:38", "end": "00:05:41", "text": "potentially were not responsible for"}, {"start": "00:05:39", "end": "00:05:43", "text": "like the next recession. Elizabeth"}, {"start": "00:05:41", "end": "00:05:46", "text": "Warren is already blaming us for the"}, {"start": "00:05:43", "end": "00:05:48", "text": "next recession which is non-existent."}, {"start": "00:05:46", "end": "00:05:52", "text": "And speaking about sailor, he got"}, {"start": "00:05:48", "end": "00:05:56", "text": "noticed with Jeff Bezos yesterday in"}, {"start": "00:05:52", "end": "00:05:59", "text": "Miami doing jury duty. Do you guys know"}, {"start": "00:05:56", "end": "00:06:02", "text": "that? And Grock confirmed that Jeff"}, {"start": "00:05:59", "end": "00:06:06", "text": "Bezos reported for jury duty at Miami"}, {"start": "00:06:02", "end": "00:06:07", "text": "date courthouse uh on September 14th,"}, {"start": "00:06:06", "end": "00:06:10", "text": "which was okay. It was it was three days"}, {"start": "00:06:07", "end": "00:06:12", "text": "ago. Confirmed by by by the Miami"}, {"start": "00:06:10", "end": "00:06:15", "text": "Herald, NBC Miami, and others. And he"}, {"start": "00:06:12", "end": "00:06:18", "text": "for some reason also brought Michael"}, {"start": "00:06:15", "end": "00:06:20", "text": "Sailor with him who is also now a"}, {"start": "00:06:18", "end": "00:06:24", "text": "Florida resident. So maybe they just"}, {"start": "00:06:20", "end": "00:06:25", "text": "decided to go together to the jury duty."}, {"start": "00:06:24", "end": "00:06:27", "text": "How does it work in the US? You really"}, {"start": "00:06:25", "end": "00:06:29", "text": "have to do jury Juty. Even if you're"}, {"start": "00:06:27", "end": "00:06:30", "text": "Jeff Basos, you have to do jury juicy."}, {"start": "00:06:29", "end": "00:06:34", "text": "That's crazy. Actually, I have a bit of"}, {"start": "00:06:30", "end": "00:06:35", "text": "a story with jury Juty. I had a guy who"}, {"start": "00:06:34", "end": "00:06:37", "text": "we paid a lot. He was a very good"}, {"start": "00:06:35", "end": "00:06:38", "text": "developer. This was like years and years"}, {"start": "00:06:37", "end": "00:06:43", "text": "and years ago. He was a very good"}, {"start": "00:06:38", "end": "00:06:45", "text": "developer and he had jury duty all the"}, {"start": "00:06:43", "end": "00:06:47", "text": "time. Like three times he had jury"}, {"start": "00:06:45", "end": "00:06:49", "text": "juicy. We're thinking, man, what"}, {"start": "00:06:47", "end": "00:06:52", "text": "happened? Then his grandma passed away"}, {"start": "00:06:49", "end": "00:06:54", "text": "and his cousin O did overdose. We're"}, {"start": "00:06:52", "end": "00:06:56", "text": "like, man, what's happening? This guy is"}, {"start": "00:06:54", "end": "00:06:59", "text": "amazing, but he's away all the time."}, {"start": "00:06:56", "end": "00:07:02", "text": "Then we discovered, ah, man, he worked"}, {"start": "00:06:59", "end": "00:07:04", "text": "two full-time jobs at the same time."}, {"start": "00:07:02", "end": "00:07:06", "text": "That's why he had five jury duties."}, {"start": "00:07:04", "end": "00:07:08", "text": "That's why five of his grandmas all"}, {"start": "00:07:06", "end": "00:07:11", "text": "passed away within five weeks. That's"}, {"start": "00:07:08", "end": "00:07:13", "text": "why Kazino know like he had tragedy"}, {"start": "00:07:11", "end": "00:07:14", "text": "tragedy after tragedy. I'm like what's"}, {"start": "00:07:13", "end": "00:07:16", "text": "happening man? What's happening? So"}, {"start": "00:07:14", "end": "00:07:17", "text": "sorry for you. Take the day off. Take"}, {"start": "00:07:16", "end": "00:07:20", "text": "the week off. I'm like let me be the"}, {"start": "00:07:17", "end": "00:07:22", "text": "good boss. Let me be understanding. Let"}, {"start": "00:07:20", "end": "00:07:24", "text": "me understand your situation. Be"}, {"start": "00:07:22", "end": "00:07:26", "text": "sympathetic. Dan, man, I see you work"}, {"start": "00:07:24", "end": "00:07:28", "text": "full-time somewhere else. What's"}, {"start": "00:07:26", "end": "00:07:30", "text": "happening? What's happening? That's"}, {"start": "00:07:28", "end": "00:07:33", "text": "fraud, man. So you have five jury duties"}, {"start": "00:07:30", "end": "00:07:36", "text": "and five grandmas all pass away and you"}, {"start": "00:07:33", "end": "00:07:38", "text": "cannot work. You should be clocking in."}, {"start": "00:07:36", "end": "00:07:41", "text": "Should be clocking in and clocking out"}, {"start": "00:07:38", "end": "00:07:43", "text": "according to agreed contract. Man geta"}, {"start": "00:07:41", "end": "00:07:47", "text": "if if someone tells me they have Jurro"}, {"start": "00:07:43", "end": "00:07:48", "text": "Juicy. I need pictures like here. See"}, {"start": "00:07:47", "end": "00:07:51", "text": "even Jeff Basis has proof that he was on"}, {"start": "00:07:48", "end": "00:07:53", "text": "Jurro Juty. That guy did not have it."}, {"start": "00:07:51", "end": "00:07:57", "text": "Anyway, big welcome everyone. Big big"}, {"start": "00:07:53", "end": "00:07:59", "text": "shout out to Guzman who is timestamping"}, {"start": "00:07:57", "end": "00:08:01", "text": "us today. Big big welcome everyone."}, {"start": "00:07:59", "end": "00:08:03", "text": "Smash up the like, subscribe and guys,"}, {"start": "00:08:01", "end": "00:08:05", "text": "we have a big fat announcement. If you"}, {"start": "00:08:03", "end": "00:08:08", "text": "refresh the stream, first link of"}, {"start": "00:08:05", "end": "00:08:10", "text": "description should be Bull Mania Arena"}, {"start": "00:08:08", "end": "00:08:12", "text": "which we just launched. This is a way"}, {"start": "00:08:10", "end": "00:08:16", "text": "for you to basically get money from"}, {"start": "00:08:12", "end": "00:08:17", "text": "exchanges. If you have used our Pionex"}, {"start": "00:08:16", "end": "00:08:19", "text": "link in order to sign up for Pionex, for"}, {"start": "00:08:17", "end": "00:08:23", "text": "example, you see that they are giving"}, {"start": "00:08:19", "end": "00:08:26", "text": "out $10,000 per month to our community"}, {"start": "00:08:23", "end": "00:08:29", "text": "and it's going to be distributed among"}, {"start": "00:08:26", "end": "00:08:30", "text": "the top 100 traders on this leaderboard"}, {"start": "00:08:29", "end": "00:08:31", "text": "and you're going to be on this"}, {"start": "00:08:30", "end": "00:08:33", "text": "leaderboard if you go to"}, {"start": "00:08:31", "end": "00:08:35", "text": "arena.bullme.com or use the first link"}, {"start": "00:08:33", "end": "00:08:37", "text": "in description and you connect your"}, {"start": "00:08:35", "end": "00:08:38", "text": "Pionex. It's very simple. You just enter"}, {"start": "00:08:37", "end": "00:08:41", "text": "your user ID and you're going to be"}, {"start": "00:08:38", "end": "00:08:45", "text": "connected and your volume is going to be"}, {"start": "00:08:41", "end": "00:08:48", "text": "showing here. So basically the top 100"}, {"start": "00:08:45", "end": "00:08:51", "text": "users of Bionex that sign up with our"}, {"start": "00:08:48", "end": "00:08:52", "text": "link based on volume going to be in this"}, {"start": "00:08:51", "end": "00:08:54", "text": "leaderboard. Now we only have two guys"}, {"start": "00:08:52", "end": "00:08:56", "text": "and then we have two test accounts. So"}, {"start": "00:08:54", "end": "00:08:58", "text": "currently these two guys if the month"}, {"start": "00:08:56", "end": "00:09:01", "text": "ends like this they're going to be"}, {"start": "00:08:58", "end": "00:09:02", "text": "sharing the 10K among themselves. So you"}, {"start": "00:09:01", "end": "00:09:04", "text": "see you should go now. you should sign"}, {"start": "00:09:02", "end": "00:09:06", "text": "up because in the early days it's going"}, {"start": "00:09:04", "end": "00:09:09", "text": "to be simple to be top 100 because we"}, {"start": "00:09:06", "end": "00:09:11", "text": "yeah we just started and as we progress"}, {"start": "00:09:09", "end": "00:09:13", "text": "through the bull market these prices are"}, {"start": "00:09:11", "end": "00:09:16", "text": "going to increase a lot because now is"}, {"start": "00:09:13", "end": "00:09:16", "text": "only 10k uh I think within a few months"}, {"start": "00:09:16", "end": "00:09:19", "text": "we're going to have hundreds of"}, {"start": "00:09:16", "end": "00:09:20", "text": "thousands across bionex bit unix we're"}, {"start": "00:09:19", "end": "00:09:23", "text": "negotiating currently you can already"}, {"start": "00:09:20", "end": "00:09:26", "text": "connect bitunix as well uh just enter"}, {"start": "00:09:23", "end": "00:09:28", "text": "your uid on this website uh by bit is"}, {"start": "00:09:26", "end": "00:09:30", "text": "coming like all of them are coming that"}, {"start": "00:09:28", "end": "00:09:32", "text": "we work with uh we're just negotiating"}, {"start": "00:09:30", "end": "00:09:35", "text": "good prices because we want you guys who"}, {"start": "00:09:32", "end": "00:09:37", "text": "are trading to get as much money back as"}, {"start": "00:09:35", "end": "00:09:40", "text": "possible. Very important because we want"}, {"start": "00:09:37", "end": "00:09:41", "text": "exchanges to reward our audience that"}, {"start": "00:09:40", "end": "00:09:45", "text": "use them because you bring trading"}, {"start": "00:09:41", "end": "00:09:47", "text": "volume, you bring activity to them and"}, {"start": "00:09:45", "end": "00:09:50", "text": "we want to ensure that if you're in our"}, {"start": "00:09:47", "end": "00:09:52", "text": "community, you get something for it and"}, {"start": "00:09:50", "end": "00:09:53", "text": "uh no one else does it. I mean, no, no,"}, {"start": "00:09:52", "end": "00:09:57", "text": "no one else is doing something like"}, {"start": "00:09:53", "end": "00:10:00", "text": "this. So, use it. Use your right here."}, {"start": "00:09:57", "end": "00:10:03", "text": "Use your right. Go to arena"}, {"start": "00:10:00", "end": "00:10:03", "text": "arena.bullmania.com"}, {"start": "00:10:03", "end": "00:10:09", "text": "and connect connect as soon as possible."}, {"start": "00:10:07", "end": "00:10:11", "text": "I want here to be hundreds of thousands"}, {"start": "00:10:09", "end": "00:10:13", "text": "very soon. And it's per month. So 10K"}, {"start": "00:10:11", "end": "00:10:16", "text": "now is September. October is going to be"}, {"start": "00:10:13", "end": "00:10:18", "text": "new 10K from Pionex. Hopefully more. And"}, {"start": "00:10:16", "end": "00:10:20", "text": "uh Bitunix and and the Bybit and"}, {"start": "00:10:18", "end": "00:10:22", "text": "everyone else is going to be here. We're"}, {"start": "00:10:20", "end": "00:10:25", "text": "going to be making our audience"}, {"start": "00:10:22", "end": "00:10:27", "text": "extremely extremely wealthy. If you have"}, {"start": "00:10:25", "end": "00:10:28", "text": "used our link, I've been telling you to"}, {"start": "00:10:27", "end": "00:10:29", "text": "use our link. How many times I've been"}, {"start": "00:10:28", "end": "00:10:31", "text": "telling you, you should have done it."}, {"start": "00:10:29", "end": "00:10:32", "text": "You should have done it. When I tell you"}, {"start": "00:10:31", "end": "00:10:34", "text": "something, guys, you do it. When I tell"}, {"start": "00:10:32", "end": "00:10:35", "text": "you that Bullman is opening up, you"}, {"start": "00:10:34", "end": "00:10:37", "text": "should do it. When I tell you to use our"}, {"start": "00:10:35", "end": "00:10:39", "text": "link, you should do it. If you don't do"}, {"start": "00:10:37", "end": "00:10:41", "text": "it, I cannot help you. Listen, I cannot"}, {"start": "00:10:39", "end": "00:10:42", "text": "help you. Now, you have to beg your"}, {"start": "00:10:41", "end": "00:10:45", "text": "other influencer who the hell gave you"}, {"start": "00:10:42", "end": "00:10:46", "text": "their link to to maybe give you"}, {"start": "00:10:45", "end": "00:10:47", "text": "something, but they're not going to work"}, {"start": "00:10:46", "end": "00:10:49", "text": "for you. I mean, I'm the only one"}, {"start": "00:10:47", "end": "00:10:51", "text": "working for you guys. I'm the only one"}, {"start": "00:10:49", "end": "00:10:53", "text": "here every day working for you. Who else"}, {"start": "00:10:51", "end": "00:10:55", "text": "gives you gives you cash back like this?"}, {"start": "00:10:53", "end": "00:10:57", "text": "No one. Who else is telling you that"}, {"start": "00:10:55", "end": "00:11:00", "text": "when you have rate hikes and clarity act"}, {"start": "00:10:57", "end": "00:11:02", "text": "failing that is bullish to take it easy."}, {"start": "00:11:00", "end": "00:11:04", "text": "Who calms down your nerve? Only Ivan."}, {"start": "00:11:02", "end": "00:11:06", "text": "See I mean we're doing God's work here"}, {"start": "00:11:04", "end": "00:11:07", "text": "every day. Every single day throughout"}, {"start": "00:11:06", "end": "00:11:11", "text": "bare market every single day. Every"}, {"start": "00:11:07", "end": "00:11:14", "text": "single day. Every time."}, {"start": "00:11:11", "end": "00:11:16", "text": "Sign up. And of course newsletter. Who"}, {"start": "00:11:14", "end": "00:11:19", "text": "gives you free newsletter? Only Ivan."}, {"start": "00:11:16", "end": "00:11:21", "text": "Who gives you free exchange starter"}, {"start": "00:11:19", "end": "00:11:23", "text": "pack? Only Ivan. All in all, use the"}, {"start": "00:11:21", "end": "00:11:25", "text": "links below. Sign up as soon as"}, {"start": "00:11:23", "end": "00:11:26", "text": "possible. It's we're starting bull"}, {"start": "00:11:25", "end": "00:11:28", "text": "market is starting guys. Very important."}, {"start": "00:11:26", "end": "00:11:31", "text": "Look here. Tom Lee coming out saying"}, {"start": "00:11:28", "end": "00:11:34", "text": "that this result would show that it was"}, {"start": "00:11:31", "end": "00:11:36", "text": "a policy error for Fed to announce a"}, {"start": "00:11:34", "end": "00:11:38", "text": "rate hike today. And basically what he's"}, {"start": "00:11:36", "end": "00:11:40", "text": "meaning here is is that at the end of at"}, {"start": "00:11:38", "end": "00:11:42", "text": "then Fed has limited they have limited"}, {"start": "00:11:40", "end": "00:11:45", "text": "powers. I mean they're not all powerful."}, {"start": "00:11:42", "end": "00:11:47", "text": "The market decides the rates. The Fed"}, {"start": "00:11:45", "end": "00:11:51", "text": "can try to affect the short-term rates"}, {"start": "00:11:47", "end": "00:11:53", "text": "with this rate hike or or cut, but"}, {"start": "00:11:51", "end": "00:11:55", "text": "long-term rates the market decides. So,"}, {"start": "00:11:53", "end": "00:11:57", "text": "so this woman is saying tomorrow one"}, {"start": "00:11:55", "end": "00:11:59", "text": "possible outcome after the Fed hiked is"}, {"start": "00:11:57", "end": "00:12:01", "text": "that we may discover that tightening"}, {"start": "00:11:59", "end": "00:12:03", "text": "doesn't lower long-term yields. See,"}, {"start": "00:12:01", "end": "00:12:05", "text": "this is important. When you increase"}, {"start": "00:12:03", "end": "00:12:06", "text": "short-term rate, when the Fed increases"}, {"start": "00:12:05", "end": "00:12:08", "text": "short-term rate, because that's the only"}, {"start": "00:12:06", "end": "00:12:11", "text": "thing they can control, the short term,"}, {"start": "00:12:08", "end": "00:12:14", "text": "the long-term should go down on the on"}, {"start": "00:12:11", "end": "00:12:15", "text": "the market. it should go down because"}, {"start": "00:12:14", "end": "00:12:16", "text": "when the Fed is increasing the short"}, {"start": "00:12:15", "end": "00:12:18", "text": "term, it means that they're taking"}, {"start": "00:12:16", "end": "00:12:20", "text": "inflation seriously. They're fixing"}, {"start": "00:12:18", "end": "00:12:23", "text": "inflation. So, if you lend them money"}, {"start": "00:12:20", "end": "00:12:25", "text": "for 30 years, you're more at ease that"}, {"start": "00:12:23", "end": "00:12:29", "text": "it's not going to be hyperinflated away."}, {"start": "00:12:25", "end": "00:12:31", "text": "So, they they uh hiked rates and uh"}, {"start": "00:12:29", "end": "00:12:33", "text": "currently at least the long-term yield"}, {"start": "00:12:31", "end": "00:12:37", "text": "has not come down. So, the market is"}, {"start": "00:12:33", "end": "00:12:38", "text": "still worried about uh inflation. If"}, {"start": "00:12:37", "end": "00:12:43", "text": "that happens, it would confirm that"}, {"start": "00:12:38", "end": "00:12:46", "text": "fiscal is the culprit in the who done it"}, {"start": "00:12:43", "end": "00:12:47", "text": "saga. So fiscal basically that people"}, {"start": "00:12:46", "end": "00:12:49", "text": "still worried about inflation because"}, {"start": "00:12:47", "end": "00:12:51", "text": "the government is spending so much."}, {"start": "00:12:49", "end": "00:12:53", "text": "Okay, it doesn't matter what kind of you"}, {"start": "00:12:51", "end": "00:12:56", "text": "know rate here and there. Government"}, {"start": "00:12:53", "end": "00:12:58", "text": "spending so much uh which is a fiscal"}, {"start": "00:12:56", "end": "00:13:01", "text": "problem that the trust in the long-term"}, {"start": "00:12:58", "end": "00:13:03", "text": "yield in the long-term bonds is low."}, {"start": "00:13:01", "end": "00:13:05", "text": "That's why yields are high. By raising"}, {"start": "00:13:03", "end": "00:13:09", "text": "the government's marginal funding cost,"}, {"start": "00:13:05", "end": "00:13:11", "text": "a rate hike enlares future deficit. See,"}, {"start": "00:13:09", "end": "00:13:13", "text": "the problem is fiscal. The market is"}, {"start": "00:13:11", "end": "00:13:16", "text": "worried that the US cannot get its"}, {"start": "00:13:13", "end": "00:13:19", "text": "budget together and increasing the"}, {"start": "00:13:16", "end": "00:13:21", "text": "short-term rate makes it worse because"}, {"start": "00:13:19", "end": "00:13:25", "text": "now they have to pay higher interest"}, {"start": "00:13:21", "end": "00:13:27", "text": "rate and um and uh this hasn't helped."}, {"start": "00:13:25", "end": "00:13:30", "text": "If investors doubt that fiscal policy"}, {"start": "00:13:27", "end": "00:13:34", "text": "will offset those cost, the term premium"}, {"start": "00:13:30", "end": "00:13:36", "text": "could rise, pushing lower um pushing"}, {"start": "00:13:34", "end": "00:13:38", "text": "long yields higher and reinforcing the"}, {"start": "00:13:36", "end": "00:13:41", "text": "deterioration in debt service."}, {"start": "00:13:38", "end": "00:13:43", "text": "Conclusion, guys, here conclusion. This"}, {"start": "00:13:41", "end": "00:13:44", "text": "rate hike may have been a mistake if"}, {"start": "00:13:43", "end": "00:13:46", "text": "long-term yields don't come down. We'll"}, {"start": "00:13:44", "end": "00:13:48", "text": "just have to see the coming days. For"}, {"start": "00:13:46", "end": "00:13:50", "text": "now, at least they haven't come down."}, {"start": "00:13:48", "end": "00:13:52", "text": "And uh everything is green, by the way."}, {"start": "00:13:50", "end": "00:13:54", "text": "You look at the markets, everything is"}, {"start": "00:13:52", "end": "00:13:55", "text": "green. Okay, Bitcoin green, everything"}, {"start": "00:13:54", "end": "00:13:59", "text": "green. Stocks up, Bitcoin up, everything"}, {"start": "00:13:55", "end": "00:14:01", "text": "is up. Yields also up, everything is up."}, {"start": "00:13:59", "end": "00:14:03", "text": "The market wasn't afraid of the Fed"}, {"start": "00:14:01", "end": "00:14:04", "text": "today. It wanted uncertainty gone. Just"}, {"start": "00:14:03", "end": "00:14:06", "text": "like we've been saying, look back at the"}, {"start": "00:14:04", "end": "00:14:08", "text": "last streams. We all said that rate hike"}, {"start": "00:14:06", "end": "00:14:12", "text": "does not matter. I don't care about rate"}, {"start": "00:14:08", "end": "00:14:16", "text": "hike. While everyone is trying to fud"}, {"start": "00:14:12", "end": "00:14:19", "text": "you, trying to fear you up. I've been"}, {"start": "00:14:16", "end": "00:14:21", "text": "saying it does not matter. It is bull"}, {"start": "00:14:19", "end": "00:14:23", "text": "market and bull market is very large."}, {"start": "00:14:21", "end": "00:14:27", "text": "It's very, very big. Just like this"}, {"start": "00:14:23", "end": "00:14:29", "text": "thermos, guys."}, {"start": "00:14:27", "end": "00:14:31", "text": "I'm trying it out because with the"}, {"start": "00:14:29", "end": "00:14:32", "text": "straw, it's better for the teeth. As you"}, {"start": "00:14:31", "end": "00:14:35", "text": "get older, you got to take care of"}, {"start": "00:14:32", "end": "00:14:37", "text": "teeth."}, {"start": "00:14:35", "end": "00:14:39", "text": "With the straw,"}, {"start": "00:14:37", "end": "00:14:43", "text": "the teeth are more protected from"}, {"start": "00:14:39", "end": "00:14:45", "text": "coffee. So, this thermos is large. Bull"}, {"start": "00:14:43", "end": "00:14:49", "text": "market is going to be even larger, guys."}, {"start": "00:14:45", "end": "00:14:50", "text": "No matter what kind of rate hike here"}, {"start": "00:14:49", "end": "00:14:53", "text": "and there, just like Anam is saying,"}, {"start": "00:14:50", "end": "00:14:56", "text": "we're entering the greatest bull market"}, {"start": "00:14:53", "end": "00:14:59", "text": "cryptos ever seen. Your only job is to"}, {"start": "00:14:56", "end": "00:15:03", "text": "remain steadfast in your conviction and"}, {"start": "00:14:59", "end": "00:15:05", "text": "appropriately appropriately size your"}, {"start": "00:15:03", "end": "00:15:06", "text": "portfolio into a diversified set of"}, {"start": "00:15:05", "end": "00:15:08", "text": "bets. And by the way, if you are in"}, {"start": "00:15:06", "end": "00:15:09", "text": "Bulmania, we did release the model"}, {"start": "00:15:08", "end": "00:15:11", "text": "portfolio so you can pick and choose the"}, {"start": "00:15:09", "end": "00:15:13", "text": "best assets that you like. Uh model"}, {"start": "00:15:11", "end": "00:15:14", "text": "portfolio consists only of assets in"}, {"start": "00:15:13", "end": "00:15:17", "text": "bullsh. So, if you are in Bulmania,"}, {"start": "00:15:14", "end": "00:15:20", "text": "check out Discord. We did release it uh"}, {"start": "00:15:17", "end": "00:15:24", "text": "Tuesday. Look here. Kraken's parent"}, {"start": "00:15:20", "end": "00:15:26", "text": "company Payword to offer hyperlquid pers"}, {"start": "00:15:24", "end": "00:15:29", "text": "to US clients. So, when you log in into"}, {"start": "00:15:26", "end": "00:15:32", "text": "Kraken, you will be able to trade u"}, {"start": "00:15:29", "end": "00:15:34", "text": "Hyperlquid per basically Hyperlquid will"}, {"start": "00:15:32", "end": "00:15:36", "text": "be powering their trading product. And"}, {"start": "00:15:34", "end": "00:15:39", "text": "look here, Hyperlquid is doing very very"}, {"start": "00:15:36", "end": "00:15:41", "text": "well in a bull trend. Fantastic. That's"}, {"start": "00:15:39", "end": "00:15:43", "text": "number one. Number two, lighter is also"}, {"start": "00:15:41", "end": "00:15:44", "text": "doing so well, guys. I mean, this"}, {"start": "00:15:43", "end": "00:15:46", "text": "thing's in bull trend. They're doing so"}, {"start": "00:15:44", "end": "00:15:48", "text": "well. They're doing so, so well. Another"}, {"start": "00:15:46", "end": "00:15:52", "text": "thing that's in bull trend is Zcash."}, {"start": "00:15:48", "end": "00:15:55", "text": "It's up 62% since August 24th. Since the"}, {"start": "00:15:52", "end": "00:15:57", "text": "since this recent flip. Okay, you see"}, {"start": "00:15:55", "end": "00:16:00", "text": "here it flipped and then bam, bam, bam,"}, {"start": "00:15:57", "end": "00:16:01", "text": "bam, bam, bam, higher. 62%. Okay, you"}, {"start": "00:16:00", "end": "00:16:03", "text": "see with the bullying mechanical rules,"}, {"start": "00:16:01", "end": "00:16:04", "text": "we have all of the upside. We have no"}, {"start": "00:16:03", "end": "00:16:06", "text": "downside. As soon as it goes bare, we're"}, {"start": "00:16:04", "end": "00:16:09", "text": "out. And then bull again, good. We're in"}, {"start": "00:16:06", "end": "00:16:13", "text": "62%. Easy, easy, easy. Hyperlquid up"}, {"start": "00:16:09", "end": "00:16:15", "text": "109%. Easy, easy, easy. lighter up 285%."}, {"start": "00:16:13", "end": "00:16:17", "text": "Easy, easy, easy. This is the power of"}, {"start": "00:16:15", "end": "00:16:20", "text": "the mechanical rules. Very important."}, {"start": "00:16:17", "end": "00:16:23", "text": "BNB bull trend only up 3% still"}, {"start": "00:16:20", "end": "00:16:25", "text": "sideways. Um Sana uh and Zikash by the"}, {"start": "00:16:23", "end": "00:16:26", "text": "way is alltime high. Did you see that?"}, {"start": "00:16:25", "end": "00:16:28", "text": "Did you see that? Zikash is alltime"}, {"start": "00:16:26", "end": "00:16:29", "text": "high. And then people are saying, \"Oh, I"}, {"start": "00:16:28", "end": "00:16:31", "text": "bare market. I'm always going to go"}, {"start": "00:16:29", "end": "00:16:32", "text": "lower."}, {"start": "00:16:31", "end": "00:16:34", "text": "Be careful. Be careful. They're going to"}, {"start": "00:16:32", "end": "00:16:35", "text": "increase.\" I'm telling you guys, it's"}, {"start": "00:16:34", "end": "00:16:37", "text": "you should have been bearish in October."}, {"start": "00:16:35", "end": "00:16:40", "text": "Okay? Should have been bearish in"}, {"start": "00:16:37", "end": "00:16:42", "text": "October. And also um you're going to"}, {"start": "00:16:40", "end": "00:16:44", "text": "have like I keep repeating to the"}, {"start": "00:16:42", "end": "00:16:46", "text": "four-year cyclists the cyclists the"}, {"start": "00:16:44", "end": "00:16:49", "text": "fouryear cycle believers the cyclists"}, {"start": "00:16:46", "end": "00:16:50", "text": "they're now cycling and cycling doing to"}, {"start": "00:16:49", "end": "00:16:54", "text": "the to France they're going to be"}, {"start": "00:16:50", "end": "00:16:56", "text": "wrapping around back into bullish in"}, {"start": "00:16:54", "end": "00:16:57", "text": "October because according to their"}, {"start": "00:16:56", "end": "00:16:59", "text": "religion in October that's when the four"}, {"start": "00:16:57", "end": "00:17:01", "text": "cycle is over and boop we have a new one"}, {"start": "00:16:59", "end": "00:17:04", "text": "and bull bull bull fantastic fantastic"}, {"start": "00:17:01", "end": "00:17:07", "text": "that's also bullish I mean after October"}, {"start": "00:17:04", "end": "00:17:11", "text": "rate hike happened clarity act failed"}, {"start": "00:17:07", "end": "00:17:12", "text": "for cyclists are back and uh what else"}, {"start": "00:17:11", "end": "00:17:14", "text": "is bearish? I mean, what you want, man?"}, {"start": "00:17:12", "end": "00:17:17", "text": "What you want now? It's only prices are"}, {"start": "00:17:14", "end": "00:17:19", "text": "low, near bare market lows. So, what"}, {"start": "00:17:17", "end": "00:17:22", "text": "what else what else you worried? Like,"}, {"start": "00:17:19", "end": "00:17:24", "text": "literally, there's no other reason for"}, {"start": "00:17:22", "end": "00:17:26", "text": "the market to be bearish and you just"}, {"start": "00:17:24", "end": "00:17:28", "text": "see how cheap everything is in crypto."}, {"start": "00:17:26", "end": "00:17:29", "text": "It's it's pennies on the dollar. You're"}, {"start": "00:17:28", "end": "00:17:32", "text": "picking up things here. Pennies on the"}, {"start": "00:17:29", "end": "00:17:34", "text": "dollar."}, {"start": "00:17:32", "end": "00:17:36", "text": "Look here. column. The FDAC insured bank"}, {"start": "00:17:34", "end": "00:17:38", "text": "behind breaks and slash has built uh"}, {"start": "00:17:36", "end": "00:17:41", "text": "stable coins directly into its banking"}, {"start": "00:17:38", "end": "00:17:43", "text": "core. USDC"}, {"start": "00:17:41", "end": "00:17:45", "text": "and USD on Solana convertible to and"}, {"start": "00:17:43", "end": "00:17:48", "text": "from dollars 24/7. So good some more"}, {"start": "00:17:45", "end": "00:17:51", "text": "institution building on Solana just how"}, {"start": "00:17:48", "end": "00:17:53", "text": "we like it. Next ARC mainet u now there"}, {"start": "00:17:51", "end": "00:17:56", "text": "is a bit of um controversy with ARC"}, {"start": "00:17:53", "end": "00:17:58", "text": "lately because I mean ARC is supposed to"}, {"start": "00:17:56", "end": "00:18:00", "text": "be by circle. It is by circle but then"}, {"start": "00:17:58", "end": "00:18:03", "text": "they had a stream where everyone was"}, {"start": "00:18:00", "end": "00:18:04", "text": "like from Pakistan or something. Uh so a"}, {"start": "00:18:03", "end": "00:18:06", "text": "lot of people are saying like is it is"}, {"start": "00:18:04", "end": "00:18:08", "text": "it going to be okay? Uh you know there's"}, {"start": "00:18:06", "end": "00:18:09", "text": "a lot of prejudice in the market. I'm"}, {"start": "00:18:08", "end": "00:18:11", "text": "just I'm just reporting to you what what"}, {"start": "00:18:09", "end": "00:18:13", "text": "has been what has been happening. Uh I'm"}, {"start": "00:18:11", "end": "00:18:16", "text": "not supporting those statements but this"}, {"start": "00:18:13", "end": "00:18:18", "text": "is what happened. Uh the vibe shift has"}, {"start": "00:18:16", "end": "00:18:21", "text": "has changed a bit during the last 24"}, {"start": "00:18:18", "end": "00:18:23", "text": "hours because ARC they had a live stream"}, {"start": "00:18:21", "end": "00:18:25", "text": "and um everyone was like in Pakistan the"}, {"start": "00:18:23", "end": "00:18:27", "text": "the devs the devs. Now again I'm not"}, {"start": "00:18:25", "end": "00:18:29", "text": "telling you anything but the vibes have"}, {"start": "00:18:27", "end": "00:18:31", "text": "has shifted a bit. The vibes have"}, {"start": "00:18:29", "end": "00:18:33", "text": "shifted. I'm all about equal opportunity"}, {"start": "00:18:31", "end": "00:18:35", "text": "for anyone no matter where you're from."}, {"start": "00:18:33", "end": "00:18:36", "text": "But I'm just telling you what has been"}, {"start": "00:18:35", "end": "00:18:38", "text": "what has happened on Twitter. On"}, {"start": "00:18:36", "end": "00:18:40", "text": "Twitter, people thought that you know"}, {"start": "00:18:38", "end": "00:18:42", "text": "Jeremy Alair from Circle, you know, the"}, {"start": "00:18:40", "end": "00:18:44", "text": "CEO of Circle, they thought that he he"}, {"start": "00:18:42", "end": "00:18:47", "text": "would show up and talk about ARC."}, {"start": "00:18:44", "end": "00:18:49", "text": "Instead, it was, you know, kind of slam"}, {"start": "00:18:47", "end": "00:18:50", "text": "dog millionaire, you know, kind kind of"}, {"start": "00:18:49", "end": "00:18:51", "text": "situation there. But anyway, you can you"}, {"start": "00:18:50", "end": "00:18:54", "text": "can check yourself. Let's leave it."}, {"start": "00:18:51", "end": "00:18:58", "text": "We're apolitical. We're apolitical."}, {"start": "00:18:54", "end": "00:19:01", "text": "People expected"}, {"start": "00:18:58", "end": "00:19:05", "text": "people expected Jeremy Alair. They got"}, {"start": "00:19:01", "end": "00:19:06", "text": "dudes uh from Majerati, which is which"}, {"start": "00:19:05", "end": "00:19:08", "text": "is fine. I mean, again, I'm just telling"}, {"start": "00:19:06", "end": "00:19:10", "text": "you what's happened. What's happened?"}, {"start": "00:19:08", "end": "00:19:11", "text": "I'm just telling you what has happened."}, {"start": "00:19:10", "end": "00:19:12", "text": "Uh uh I'm not saying anything myself."}, {"start": "00:19:11", "end": "00:19:15", "text": "I'm just telling you what's happened."}, {"start": "00:19:12", "end": "00:19:18", "text": "Big shout if you are from Majorati. Have"}, {"start": "00:19:15", "end": "00:19:20", "text": "uh have you guys um um Yeah. Anyway,"}, {"start": "00:19:18", "end": "00:19:22", "text": "guys, I I don't want to go too deep, but"}, {"start": "00:19:20", "end": "00:19:25", "text": "it is what it is. the the world is a bit"}, {"start": "00:19:22", "end": "00:19:28", "text": "unfair here because um being Jeremy Aair"}, {"start": "00:19:25", "end": "00:19:30", "text": "is more appealing to the market than the"}, {"start": "00:19:28", "end": "00:19:32", "text": "guys in ARC. It shouldn't be like that"}, {"start": "00:19:30", "end": "00:19:34", "text": "but it is like what should we do anyway?"}, {"start": "00:19:32", "end": "00:19:36", "text": "Let's go on. Let's go on before I say"}, {"start": "00:19:34", "end": "00:19:38", "text": "too much. Look here. Confidential"}, {"start": "00:19:36", "end": "00:19:41", "text": "transfers need heavy math to prove a"}, {"start": "00:19:38", "end": "00:19:44", "text": "hidden amount is valid. So you have Sui"}, {"start": "00:19:41", "end": "00:19:46", "text": "now coming coming uh along with"}, {"start": "00:19:44", "end": "00:19:47", "text": "confidential transfers. I mean let's see"}, {"start": "00:19:46", "end": "00:19:50", "text": "what I'm going to do here. Suie"}, {"start": "00:19:47", "end": "00:19:53", "text": "streamlines by cutting down the"}, {"start": "00:19:50", "end": "00:19:56", "text": "repetitive work. Okay. So more more code"}, {"start": "00:19:53", "end": "00:19:59", "text": "for confidential transactions in Suya."}, {"start": "00:19:56", "end": "00:20:01", "text": "There you go. Next. Solana just triple"}, {"start": "00:19:59", "end": "00:20:04", "text": "it transaction size on mainet. There you"}, {"start": "00:20:01", "end": "00:20:08", "text": "go. Soul was the lagard of the 30-day"}, {"start": "00:20:04", "end": "00:20:09", "text": "rotation. 30% while Yeah. Uh it pumped."}, {"start": "00:20:08", "end": "00:20:11", "text": "Why? Why do you connect transaction size"}, {"start": "00:20:09", "end": "00:20:13", "text": "to pump? It's not really it's"}, {"start": "00:20:11", "end": "00:20:15", "text": "disconnected. But anyway guys, let's go"}, {"start": "00:20:13", "end": "00:20:18", "text": "to Q&A questions, answers B. I think"}, {"start": "00:20:15", "end": "00:20:20", "text": "that's all. I think that's all. Welcome"}, {"start": "00:20:18", "end": "00:20:21", "text": "uh everyone. big shout out especially if"}, {"start": "00:20:20", "end": "00:20:24", "text": "you are from Pakistan especially if you"}, {"start": "00:20:21", "end": "00:20:26", "text": "are from India from Majorati province"}, {"start": "00:20:24", "end": "00:20:29", "text": "Majorati big big fat shout out smash up"}, {"start": "00:20:26", "end": "00:20:30", "text": "the like let's discuss let's discuss"}, {"start": "00:20:29", "end": "00:20:33", "text": "what has happened and this is a good"}, {"start": "00:20:30", "end": "00:20:36", "text": "thing with from Stani he says clarity"}, {"start": "00:20:33", "end": "00:20:39", "text": "failed now defi needs to win through"}, {"start": "00:20:36", "end": "00:20:41", "text": "adoption build products million millions"}, {"start": "00:20:39", "end": "00:20:44", "text": "of people want be because become too"}, {"start": "00:20:41", "end": "00:20:46", "text": "important to ignore regulation will have"}, {"start": "00:20:44", "end": "00:20:48", "text": "to catch up the Uber path exactly just"}, {"start": "00:20:46", "end": "00:20:51", "text": "like Uber"}, {"start": "00:20:48", "end": "00:20:53", "text": "uh became big and basically became"}, {"start": "00:20:51", "end": "00:20:56", "text": "bigger than regulation. People wanted"}, {"start": "00:20:53", "end": "00:20:58", "text": "Uber and in many countries Uber got"}, {"start": "00:20:56", "end": "00:21:01", "text": "accepted only after massive massive"}, {"start": "00:20:58", "end": "00:21:04", "text": "massive success uh among clients among"}, {"start": "00:21:01", "end": "00:21:07", "text": "consumers. The same thing is with DeFi."}, {"start": "00:21:04", "end": "00:21:10", "text": "The bigger we are, the harder we are to"}, {"start": "00:21:07", "end": "00:21:16", "text": "destroy. So guys on this note, let's go."}, {"start": "00:21:10", "end": "00:21:20", "text": "Let's see if uh uh if we can get 100 uh"}, {"start": "00:21:16", "end": "00:21:22", "text": "people for Bull Mania Arena. Go there,"}, {"start": "00:21:20", "end": "00:21:24", "text": "connect your Pionex. Otherwise, these"}, {"start": "00:21:22", "end": "00:21:26", "text": "two guys are going to take all the"}, {"start": "00:21:24", "end": "00:21:28", "text": "prizes. They're going to take all the We"}, {"start": "00:21:26", "end": "00:21:31", "text": "only see we don't uh give prices to all"}, {"start": "00:21:28", "end": "00:21:34", "text": "affiliates. Only those that go to"}, {"start": "00:21:31", "end": "00:21:37", "text": "Bullmania Arena arena.bullmania.com and"}, {"start": "00:21:34", "end": "00:21:38", "text": "connect their Pionex in the in the"}, {"start": "00:21:37", "end": "00:21:41", "text": "system here. So we can see in the"}, {"start": "00:21:38", "end": "00:21:44", "text": "leaderboard. Guys, let's go to Q&A,"}, {"start": "00:21:41", "end": "00:21:45", "text": "questions, answers, debates."}, {"start": "00:21:44", "end": "00:21:47", "text": "Let's see if we miss. I don't think we"}, {"start": "00:21:45", "end": "00:21:48", "text": "missed any news, guys. Uh, today we"}, {"start": "00:21:47", "end": "00:21:50", "text": "we're super efficient. Super efficient."}, {"start": "00:21:48", "end": "00:21:53", "text": "Time efficient. It's all about time"}, {"start": "00:21:50", "end": "00:21:59", "text": "efficiency, guys. Very important."}, {"start": "00:21:53", "end": "00:21:59", "text": "Very important. Um, let me see."}, {"start": "00:22:04", "end": "00:22:07", "text": "Yeah."}, {"start": "00:22:13", "end": "00:22:19", "text": "Just checking if I liked something that"}, {"start": "00:22:15", "end": "00:22:21", "text": "on Twitter that I missed."}, {"start": "00:22:19", "end": "00:22:23", "text": "Let's see this from Elot Trades. I'm"}, {"start": "00:22:21", "end": "00:22:24", "text": "sorry, but what an absolutely"}, {"start": "00:22:23", "end": "00:22:27", "text": "devastating oral loss for Trump ahead of"}, {"start": "00:22:24", "end": "00:22:30", "text": "the midterm. His literal lab worried and"}, {"start": "00:22:27", "end": "00:22:32", "text": "set expectations for two more hikes. All"}, {"start": "00:22:30", "end": "00:22:34", "text": "because of a total failure in Iran that"}, {"start": "00:22:32", "end": "00:22:36", "text": "no one wanted. Disaster for Reds. Yeah,"}, {"start": "00:22:34", "end": "00:22:37", "text": "I agree. I agree."}, {"start": "00:22:36", "end": "00:22:39", "text": "I agree. It's going to be hard, man."}, {"start": "00:22:37", "end": "00:22:40", "text": "This midterm. When is the midterm? It's"}, {"start": "00:22:39", "end": "00:22:41", "text": "November. It's going to be tough, man."}, {"start": "00:22:40", "end": "00:22:43", "text": "It's going to be tough. It's going to be"}, {"start": "00:22:41", "end": "00:22:45", "text": "tough. It's going to be very, very"}, {"start": "00:22:43", "end": "00:22:47", "text": "tough."}, {"start": "00:22:45", "end": "00:22:51", "text": "Oh, yeah. Yeah. Let's see here. In in"}, {"start": "00:22:47", "end": "00:22:53", "text": "October, they are expected to"}, {"start": "00:22:51", "end": "00:22:56", "text": "currently no change, but you see the"}, {"start": "00:22:53", "end": "00:22:57", "text": "increase is going up a lot."}, {"start": "00:22:56", "end": "00:23:00", "text": "Okay,"}, {"start": "00:22:57", "end": "00:23:02", "text": "it's going up a lot."}, {"start": "00:23:00", "end": "00:23:06", "text": "Increase going up a lot."}, {"start": "00:23:02", "end": "00:23:10", "text": "Uh, that's that. um another FA Fed rate"}, {"start": "00:23:06", "end": "00:23:12", "text": "hike in 226 up a lot"}, {"start": "00:23:10", "end": "00:23:14", "text": "but for us just as a reminder in case"}, {"start": "00:23:12", "end": "00:23:16", "text": "people don't watch the beginning"}, {"start": "00:23:14", "end": "00:23:18", "text": "properly it doesn't matter I don't think"}, {"start": "00:23:16", "end": "00:23:20", "text": "it matters for the Bitcoin cycle just"}, {"start": "00:23:18", "end": "00:23:23", "text": "like here in the early early days of the"}, {"start": "00:23:20", "end": "00:23:25", "text": "last cycle you see that they hiked they"}, {"start": "00:23:23", "end": "00:23:29", "text": "hiked actually they hiked here then they"}, {"start": "00:23:25", "end": "00:23:31", "text": "hiked one more time three four five they"}, {"start": "00:23:29", "end": "00:23:33", "text": "they hiked five times in the last bull"}, {"start": "00:23:31", "end": "00:23:36", "text": "market there you"}, {"start": "00:23:33", "end": "00:23:39", "text": "Yo yo stray, glad to see bullish Ivan."}, {"start": "00:23:36", "end": "00:23:41", "text": "I'm bullish until"}, {"start": "00:23:39", "end": "00:23:43", "text": "March. Well, I mean, we're bullish until"}, {"start": "00:23:41", "end": "00:23:46", "text": "uh until B trend here, but um all in"}, {"start": "00:23:43", "end": "00:23:47", "text": "all, we're bullish since July when we"}, {"start": "00:23:46", "end": "00:23:50", "text": "hit the 200 moving average. That was"}, {"start": "00:23:47", "end": "00:23:53", "text": "literally at the bottom and we're very"}, {"start": "00:23:50", "end": "00:23:54", "text": "bullish now because we are in in bull"}, {"start": "00:23:53", "end": "00:23:56", "text": "trend and we just follow the system."}, {"start": "00:23:54", "end": "00:23:59", "text": "Humbly, humbly, humbly follow the"}, {"start": "00:23:56", "end": "00:23:59", "text": "system. That's it. That's it."}, {"start": "00:24:00", "end": "00:24:03", "text": "I mean, is there anything out there like"}, {"start": "00:24:01", "end": "00:24:06", "text": "crypto? Is there something new"}, {"start": "00:24:03", "end": "00:24:07", "text": "technology coming up besides AI? I mean"}, {"start": "00:24:06", "end": "00:24:10", "text": "there's a lot. There is AI, there is"}, {"start": "00:24:07", "end": "00:24:12", "text": "robotics, it's uh it's quite a lot. It's"}, {"start": "00:24:10", "end": "00:24:14", "text": "quite a lot. Uh but it's not it's not"}, {"start": "00:24:12", "end": "00:24:15", "text": "some you know something that you haven't"}, {"start": "00:24:14", "end": "00:24:17", "text": "heard about. AI is massive. Everything"}, {"start": "00:24:15", "end": "00:24:20", "text": "is around AI. Then you of course have"}, {"start": "00:24:17", "end": "00:24:23", "text": "the robotics which maybe you can argue"}, {"start": "00:24:20", "end": "00:24:26", "text": "is a bit new um is still underdeveloped."}, {"start": "00:24:23", "end": "00:24:28", "text": "Cyber security. Cyber security uh very"}, {"start": "00:24:26", "end": "00:24:30", "text": "very big as well. We just discussed"}, {"start": "00:24:28", "end": "00:24:33", "text": "yesterday here on the channel that with"}, {"start": "00:24:30", "end": "00:24:36", "text": "cyber security man Jason in Bullmania"}, {"start": "00:24:33", "end": "00:24:38", "text": "he's been covering a lot of this uh"}, {"start": "00:24:36", "end": "00:24:42", "text": "stocks in a such a nice way. Let me see"}, {"start": "00:24:38", "end": "00:24:45", "text": "here for example Crowd Strike. Oh yo"}, {"start": "00:24:42", "end": "00:24:46", "text": "guys if if you are in Bulmania you know"}, {"start": "00:24:45", "end": "00:24:49", "text": "you know I mean this bull trend we've"}, {"start": "00:24:46", "end": "00:24:52", "text": "been riding the crap out of it. JSON has"}, {"start": "00:24:49", "end": "00:24:54", "text": "been betting on cyber security heavily,"}, {"start": "00:24:52", "end": "00:24:56", "text": "but it's another one because with AI, a"}, {"start": "00:24:54", "end": "00:24:58", "text": "lot of issues with cyber security, a"}, {"start": "00:24:56", "end": "00:25:02", "text": "lot. And you see here, it's up 100%"}, {"start": "00:24:58", "end": "00:25:04", "text": "since the bull flip. Uh we also follow"}, {"start": "00:25:02", "end": "00:25:06", "text": "different cyber security ETFs in in"}, {"start": "00:25:04", "end": "00:25:07", "text": "Jason's daily updates. I mean, if you're"}, {"start": "00:25:06", "end": "00:25:09", "text": "in Bulman, this is not news for you. If"}, {"start": "00:25:07", "end": "00:25:14", "text": "you're not, maybe it's new. But yeah,"}, {"start": "00:25:09", "end": "00:25:18", "text": "cyber security is a big one. Um"}, {"start": "00:25:14", "end": "00:25:20", "text": "robotics, big one. um AI big one. But"}, {"start": "00:25:18", "end": "00:25:23", "text": "you see crypto is very special because"}, {"start": "00:25:20", "end": "00:25:26", "text": "there you can just click a button and"}, {"start": "00:25:23", "end": "00:25:28", "text": "you can buy with uh some things like for"}, {"start": "00:25:26", "end": "00:25:31", "text": "example robotics is not as easy to buy"}, {"start": "00:25:28", "end": "00:25:34", "text": "because a lot of it is private. Okay, a"}, {"start": "00:25:31", "end": "00:25:36", "text": "lot of it is private companies."}, {"start": "00:25:34", "end": "00:25:38", "text": "There is one thing you can buy from"}, {"start": "00:25:36", "end": "00:25:42", "text": "Andrew Kang. If you remember Andrew Kang"}, {"start": "00:25:38", "end": "00:25:44", "text": "Kang from uh from let's see what is"}, {"start": "00:25:42", "end": "00:25:46", "text": "called what is called one second guys."}, {"start": "00:25:44", "end": "00:25:49", "text": "Let me let me pull it up. Let me put"}, {"start": "00:25:46", "end": "00:25:52", "text": "actually in the AI watch list was a"}, {"start": "00:25:49", "end": "00:25:54", "text": "robot strategy."}, {"start": "00:25:52", "end": "00:25:57", "text": "Oh yeah, bot. Exactly. Bot bot. Bot bot."}, {"start": "00:25:54", "end": "00:26:00", "text": "Robbo strategy. Yes. Yes. Uh so I mean"}, {"start": "00:25:57", "end": "00:26:03", "text": "one thing to follow is um"}, {"start": "00:26:00", "end": "00:26:05", "text": "this one is it's it's it's not in bull"}, {"start": "00:26:03", "end": "00:26:07", "text": "trend currently, but Robbo strategy is"}, {"start": "00:26:05", "end": "00:26:11", "text": "buying a bunch of uh robotics companies"}, {"start": "00:26:07", "end": "00:26:15", "text": "that are private. they're investing and"}, {"start": "00:26:11", "end": "00:26:17", "text": "uh yeah, it's very it's probably one of"}, {"start": "00:26:15", "end": "00:26:18", "text": "the one of the ways to invest in in"}, {"start": "00:26:17", "end": "00:26:21", "text": "robotics. But you see, no one cares"}, {"start": "00:26:18", "end": "00:26:23", "text": "about it now. No one cares about it. Um"}, {"start": "00:26:21", "end": "00:26:24", "text": "so yeah, you can have an eye there. But"}, {"start": "00:26:23", "end": "00:26:26", "text": "yeah, other than that, guys, it's"}, {"start": "00:26:24", "end": "00:26:28", "text": "crypto. It's crypto. There's nothing"}, {"start": "00:26:26", "end": "00:26:29", "text": "like crypto. Nothing like crypto. I"}, {"start": "00:26:28", "end": "00:26:30", "text": "mean, at the end of the day, what's it"}, {"start": "00:26:29", "end": "00:26:32", "text": "like crypto? There's nothing like"}, {"start": "00:26:30", "end": "00:26:34", "text": "crypto."}, {"start": "00:26:32", "end": "00:26:35", "text": "There's nothing. What What else you"}, {"start": "00:26:34", "end": "00:26:36", "text": "going to find like crypto? What are you"}, {"start": "00:26:35", "end": "00:26:38", "text": "going to find like crypto? There's"}, {"start": "00:26:36", "end": "00:26:40", "text": "nothing."}, {"start": "00:26:38", "end": "00:26:41", "text": "Is this very stretch? It's very"}, {"start": "00:26:40", "end": "00:26:45", "text": "stretchable. That's why we have it. I'm"}, {"start": "00:26:41", "end": "00:26:46", "text": "actually So, this shirt is from a"}, {"start": "00:26:45", "end": "00:26:48", "text": "specific fabric, guys. I can teach you"}, {"start": "00:26:46", "end": "00:26:49", "text": "something about fabric, you know. I"}, {"start": "00:26:48", "end": "00:26:50", "text": "don't know if you can see, but you know,"}, {"start": "00:26:49", "end": "00:26:53", "text": "it's I mean, it's super stretchable."}, {"start": "00:26:50", "end": "00:26:55", "text": "See, like I I feel so good in it. I've"}, {"start": "00:26:53", "end": "00:26:57", "text": "never had a shirt like this. The fabric"}, {"start": "00:26:55", "end": "00:27:00", "text": "is called Forflex. I just learned that"}, {"start": "00:26:57", "end": "00:27:03", "text": "Forf Flex is uh actually used by many"}, {"start": "00:27:00", "end": "00:27:05", "text": "brands. Um, so soon you you're going to"}, {"start": "00:27:03", "end": "00:27:06", "text": "see me in uh in other shirts, but this"}, {"start": "00:27:05", "end": "00:27:09", "text": "one I cannot stop wearing because the"}, {"start": "00:27:06", "end": "00:27:12", "text": "stretching in this fab. Oh, it's crazy."}, {"start": "00:27:09", "end": "00:27:15", "text": "It's crazy. But I I see I I see some"}, {"start": "00:27:12", "end": "00:27:17", "text": "options here with Forflex and other"}, {"start": "00:27:15", "end": "00:27:20", "text": "brands that uh because basically I give"}, {"start": "00:27:17", "end": "00:27:23", "text": "you some history here. An Italian guy,"}, {"start": "00:27:20", "end": "00:27:26", "text": "Italian guy somewhere in Italy eating"}, {"start": "00:27:23", "end": "00:27:28", "text": "pizzas, drinking wine. He tested this,"}, {"start": "00:27:26", "end": "00:27:30", "text": "you know, fabric. He found four flex. He"}, {"start": "00:27:28", "end": "00:27:33", "text": "patented it. Now different clothing"}, {"start": "00:27:30", "end": "00:27:36", "text": "brands then have to pay him and and then"}, {"start": "00:27:33", "end": "00:27:38", "text": "they can use the same for flex otherwise"}, {"start": "00:27:36", "end": "00:27:40", "text": "you cannot use for flex. So there and"}, {"start": "00:27:38", "end": "00:27:41", "text": "there are different brands using forflex"}, {"start": "00:27:40", "end": "00:27:46", "text": "which is very very good. I I now use AI"}, {"start": "00:27:41", "end": "00:27:46", "text": "to try to to find some nice stretching."}, {"start": "00:27:47", "end": "00:27:51", "text": "Rarely a September has been so good in"}, {"start": "00:27:50", "end": "00:27:53", "text": "crypto guys don't worry the September"}, {"start": "00:27:51", "end": "00:27:55", "text": "why you so wor it's it's it's noob it's"}, {"start": "00:27:53", "end": "00:27:56", "text": "play by brain. Oh September is gonna"}, {"start": "00:27:55", "end": "00:27:58", "text": "die. Don't worry, man. Don't worry, man."}, {"start": "00:27:56", "end": "00:28:00", "text": "It's it's bull trend. September is"}, {"start": "00:27:58", "end": "00:28:02", "text": "bullish. Bullish. Don't Don't worry."}, {"start": "00:28:00", "end": "00:28:04", "text": "It's now uh 13 days left, then it's"}, {"start": "00:28:02", "end": "00:28:06", "text": "October, then the four four year cycle"}, {"start": "00:28:04", "end": "00:28:07", "text": "is. Don't worry about this. Oh, no. Now"}, {"start": "00:28:06", "end": "00:28:09", "text": "September. I I don't know, guys. I don't"}, {"start": "00:28:07", "end": "00:28:10", "text": "know anyone who made money from the"}, {"start": "00:28:09", "end": "00:28:13", "text": "seasonality that you know, looking at,"}, {"start": "00:28:10", "end": "00:28:14", "text": "oh, January is normally good or bad"}, {"start": "00:28:13", "end": "00:28:16", "text": "because we've been doing it as well."}, {"start": "00:28:14", "end": "00:28:20", "text": "Okay, let's go. Let's go. Let's see."}, {"start": "00:28:16", "end": "00:28:21", "text": "Let's see. Bitcoin monthly seasonality."}, {"start": "00:28:20", "end": "00:28:23", "text": "I mean, let's see. Let's see. I don't"}, {"start": "00:28:21", "end": "00:28:25", "text": "know anyone anyone who made money from"}, {"start": "00:28:23", "end": "00:28:27", "text": "looking at this. This is just you know"}, {"start": "00:28:25", "end": "00:28:31", "text": "infotainment. Infotainment sometimes"}, {"start": "00:28:27", "end": "00:28:35", "text": "it's fun to look that oh look at this"}, {"start": "00:28:31", "end": "00:28:37", "text": "now we are in September. So yeah on"}, {"start": "00:28:35", "end": "00:28:40", "text": "average is 4%. Okay how you make money"}, {"start": "00:28:37", "end": "00:28:42", "text": "from this? Good luck. Good luck. Okay."}, {"start": "00:28:40", "end": "00:28:43", "text": "Okay. So sell then sell and then you"}, {"start": "00:28:42", "end": "00:28:46", "text": "buy. What's your STR like how do you"}, {"start": "00:28:43", "end": "00:28:48", "text": "make strategy here? You buy you sell"}, {"start": "00:28:46", "end": "00:28:50", "text": "like what's your uh what's your entry?"}, {"start": "00:28:48", "end": "00:28:52", "text": "What's your exit? What's how you do it?"}, {"start": "00:28:50", "end": "00:28:55", "text": "If you want to trade like you know week"}, {"start": "00:28:52", "end": "00:28:57", "text": "to week then go to the money line and"}, {"start": "00:28:55", "end": "00:28:58", "text": "then go on the daily chart there and"}, {"start": "00:28:57", "end": "00:29:00", "text": "there you can trade. You can see there"}, {"start": "00:28:58", "end": "00:29:02", "text": "seasonality like this is seasonality."}, {"start": "00:29:00", "end": "00:29:04", "text": "You see this is seasonality. This is"}, {"start": "00:29:02", "end": "00:29:06", "text": "seasonality. Bearish bullish on the"}, {"start": "00:29:04", "end": "00:29:08", "text": "daily. This is seasonality. If you want"}, {"start": "00:29:06", "end": "00:29:11", "text": "seasonality I give you seasonality. This"}, {"start": "00:29:08", "end": "00:29:16", "text": "is how you do seasonality. What you do"}, {"start": "00:29:11", "end": "00:29:17", "text": "here? You open the uh the return the"}, {"start": "00:29:16", "end": "00:29:19", "text": "monthly returns. How you trade on this?"}, {"start": "00:29:17", "end": "00:29:21", "text": "What's your stop loss? How you enter?"}, {"start": "00:29:19", "end": "00:29:23", "text": "You see? So, no one makes money here."}, {"start": "00:29:21", "end": "00:29:24", "text": "You if you want to trade shortterm,"}, {"start": "00:29:23", "end": "00:29:27", "text": "maybe this month is bearish, maybe this"}, {"start": "00:29:24", "end": "00:29:29", "text": "month is bullish, then use here on the"}, {"start": "00:29:27", "end": "00:29:33", "text": "daily. We've adapted the money line a"}, {"start": "00:29:29", "end": "00:29:36", "text": "lot to to be good on the daily. A lot of"}, {"start": "00:29:33", "end": "00:29:37", "text": "uh a lot of uh indicators you use"}, {"start": "00:29:36", "end": "00:29:38", "text": "otherwise they're not going to be this"}, {"start": "00:29:37", "end": "00:29:40", "text": "good on the daily. I mean, we worked"}, {"start": "00:29:38", "end": "00:29:42", "text": "very very hard adapting to the daily."}, {"start": "00:29:40", "end": "00:29:45", "text": "Meaning that I mean, you see how good it"}, {"start": "00:29:42", "end": "00:29:47", "text": "is daily here. It it's it has very few"}, {"start": "00:29:45", "end": "00:29:48", "text": "fake outs. As soon as it goes bare,"}, {"start": "00:29:47", "end": "00:29:50", "text": "likely it's going to go bare. and at"}, {"start": "00:29:48", "end": "00:29:54", "text": "least for for a week or so. Okay, at"}, {"start": "00:29:50", "end": "00:29:55", "text": "least for a week or so. And uh yeah,"}, {"start": "00:29:54", "end": "00:29:57", "text": "that that's how you can trade you know"}, {"start": "00:29:55", "end": "00:29:59", "text": "this uh month this month that month."}, {"start": "00:29:57", "end": "00:30:02", "text": "Okay, and by the way, this file you see"}, {"start": "00:29:59", "end": "00:30:03", "text": "here, Jason calls very very nice, but"}, {"start": "00:30:02", "end": "00:30:05", "text": "it's a bit outdated because all of it"}, {"start": "00:30:03", "end": "00:30:07", "text": "has pumped way more. The profit here is"}, {"start": "00:30:05", "end": "00:30:08", "text": "way bigger and everything because this"}, {"start": "00:30:07", "end": "00:30:11", "text": "is from like over two weeks ago the"}, {"start": "00:30:08", "end": "00:30:13", "text": "snapshot. But uh yeah, in Bullmania it's"}, {"start": "00:30:11", "end": "00:30:15", "text": "he's doing every day daily market"}, {"start": "00:30:13", "end": "00:30:18", "text": "analysis. It's top top top. So nice,"}, {"start": "00:30:15", "end": "00:30:19", "text": "man. So nice. Massive profits. Massive"}, {"start": "00:30:18", "end": "00:30:22", "text": "profits. Very, very good. We love that."}, {"start": "00:30:19", "end": "00:30:25", "text": "We love that. Guys, let's go. Q&A. Q&A."}, {"start": "00:30:22", "end": "00:30:25", "text": "What's happening?"}, {"start": "00:30:25", "end": "00:30:30", "text": "The strategy is buy and then round trip"}, {"start": "00:30:28", "end": "00:30:32", "text": "it. Well, not not if you have mechanical"}, {"start": "00:30:30", "end": "00:30:34", "text": "rules. If you don't have it, then you're"}, {"start": "00:30:32", "end": "00:30:36", "text": "going to round trip. I then yes, then"}, {"start": "00:30:34", "end": "00:30:37", "text": "yes. Especially those guys that tell me"}, {"start": "00:30:36", "end": "00:30:39", "text": "that, oh no, I'm not going to round trip"}, {"start": "00:30:37", "end": "00:30:40", "text": "this time because I know better. No, you"}, {"start": "00:30:39", "end": "00:30:42", "text": "don't know better. You don't know better"}, {"start": "00:30:40", "end": "00:30:45", "text": "because I tell you stuff and no one"}, {"start": "00:30:42", "end": "00:30:47", "text": "listens. See, no one who is not our"}, {"start": "00:30:45", "end": "00:30:49", "text": "student listens. I tell you in October"}, {"start": "00:30:47", "end": "00:30:51", "text": "sell, how many you sold? No, some I mean"}, {"start": "00:30:49", "end": "00:30:52", "text": "some people sold, some people sold. But"}, {"start": "00:30:51", "end": "00:30:54", "text": "you see, even when I give you the"}, {"start": "00:30:52", "end": "00:30:56", "text": "correct information because you're"}, {"start": "00:30:54", "end": "00:30:58", "text": "uneducated, you still don't listen. You"}, {"start": "00:30:56", "end": "00:31:00", "text": "have no education. So, you know, you I"}, {"start": "00:30:58", "end": "00:31:02", "text": "tell you math, but if you don't know"}, {"start": "00:31:00", "end": "00:31:05", "text": "math, it doesn't matter what I tell you."}, {"start": "00:31:02", "end": "00:31:07", "text": "I tell you differential equation for"}, {"start": "00:31:05", "end": "00:31:08", "text": "you, you don't know math. You don't"}, {"start": "00:31:07", "end": "00:31:10", "text": "understand it. So, the same thing is"}, {"start": "00:31:08", "end": "00:31:12", "text": "here. U people are like, \"Oh, no. This"}, {"start": "00:31:10", "end": "00:31:14", "text": "time, this time for sure.\" Really? You"}, {"start": "00:31:12", "end": "00:31:15", "text": "going to be for sure? Really, really?"}, {"start": "00:31:14", "end": "00:31:18", "text": "Because I'm telling you stuff. I'm"}, {"start": "00:31:15", "end": "00:31:19", "text": "telling you stuff all the time and uh"}, {"start": "00:31:18", "end": "00:31:22", "text": "it's just you know the inherent"}, {"start": "00:31:19", "end": "00:31:24", "text": "volatility in crypto it makes everyone"}, {"start": "00:31:22", "end": "00:31:26", "text": "so emotional it's very hard even if you"}, {"start": "00:31:24", "end": "00:31:28", "text": "know the correct answer it's very hard"}, {"start": "00:31:26", "end": "00:31:30", "text": "you doubt you watch another influencer"}, {"start": "00:31:28", "end": "00:31:32", "text": "that tells you something else so it's"}, {"start": "00:31:30", "end": "00:31:34", "text": "you you you wreck yourself in so many"}, {"start": "00:31:32", "end": "00:31:36", "text": "different ways it's unbelievable"}, {"start": "00:31:34", "end": "00:31:38", "text": "unbelievable how you can do it it's uh"}, {"start": "00:31:36", "end": "00:31:40", "text": "fantastic but that's also why why we"}, {"start": "00:31:38", "end": "00:31:43", "text": "love crypto you know it's a very very"}, {"start": "00:31:40", "end": "00:31:44", "text": "interesting complex game it's very"}, {"start": "00:31:43", "end": "00:31:47", "text": "interesting complex game like 4D the"}, {"start": "00:31:44", "end": "00:31:49", "text": "chess on service. I I love crypto for"}, {"start": "00:31:47", "end": "00:31:53", "text": "this reason because it's it's emotions"}, {"start": "00:31:49", "end": "00:31:55", "text": "and uh this game man emotional game of"}, {"start": "00:31:53", "end": "00:31:59", "text": "tra I love it. Yes, I love it. I love"}, {"start": "00:31:55", "end": "00:32:00", "text": "it. I love it. I love it. I love"}, {"start": "00:31:59", "end": "00:32:04", "text": "use as we we discussed the other day is"}, {"start": "00:32:00", "end": "00:32:05", "text": "good trend chart looking good. This rate"}, {"start": "00:32:04", "end": "00:32:07", "text": "hike no bull. Well, I don't I don't know"}, {"start": "00:32:05", "end": "00:32:10", "text": "if it's a troll or not, but rate hike"}, {"start": "00:32:07", "end": "00:32:16", "text": "and bull. Rate hike and bull just like"}, {"start": "00:32:10", "end": "00:32:16", "text": "in 2023. the hike rate and we had bull."}, {"start": "00:32:16", "end": "00:32:20", "text": "I started DCA in July in the buy zone"}, {"start": "00:32:19", "end": "00:32:22", "text": "because of your advice. Fantastic."}, {"start": "00:32:20", "end": "00:32:24", "text": "Fantastic. Person of the year in crypto."}, {"start": "00:32:22", "end": "00:32:26", "text": "I I think that's fair. I think that's"}, {"start": "00:32:24", "end": "00:32:27", "text": "fair. Thank you very much. But we're"}, {"start": "00:32:26", "end": "00:32:29", "text": "very humble. We're very humble. That's"}, {"start": "00:32:27", "end": "00:32:30", "text": "why I think that's fair. I'm not"}, {"start": "00:32:29", "end": "00:32:33", "text": "claiming it, but probably fair. Probably"}, {"start": "00:32:30", "end": "00:32:36", "text": "fair. Thank you very much. Uh and you're"}, {"start": "00:32:33", "end": "00:32:38", "text": "welcome. There is too many coins. Crypto"}, {"start": "00:32:36", "end": "00:32:42", "text": "is infinite inflation from nothing. No,"}, {"start": "00:32:38", "end": "00:32:43", "text": "no, no. No, no. M. But well, it's it's"}, {"start": "00:32:42", "end": "00:32:46", "text": "true. There are many coins, but most of"}, {"start": "00:32:43", "end": "00:32:47", "text": "them don't come back. Look at 2017 all"}, {"start": "00:32:46", "end": "00:32:49", "text": "coins, most of them don't come back. If"}, {"start": "00:32:47", "end": "00:32:51", "text": "you hold something that's not in that's"}, {"start": "00:32:49", "end": "00:32:53", "text": "not in bull trend, you're in a very very"}, {"start": "00:32:51", "end": "00:32:56", "text": "bad position because your coin may not"}, {"start": "00:32:53", "end": "00:32:58", "text": "come back. In 2017, you remember IOTA,"}, {"start": "00:32:56", "end": "00:32:59", "text": "it was like top top 10, then now it's"}, {"start": "00:32:58", "end": "00:33:04", "text": "like top 500 or something. No one cares"}, {"start": "00:32:59", "end": "00:33:06", "text": "about IOTA. So, uh things in um one bull"}, {"start": "00:33:04", "end": "00:33:09", "text": "market are big and then in the next bull"}, {"start": "00:33:06", "end": "00:33:10", "text": "market they may be zero. Zero. I"}, {"start": "00:33:09", "end": "00:33:14", "text": "remember there was an Asian guy living"}, {"start": "00:33:10", "end": "00:33:17", "text": "in a tent in the 2017 bull market. He"}, {"start": "00:33:14", "end": "00:33:20", "text": "was living like in some kind of tent and"}, {"start": "00:33:17", "end": "00:33:22", "text": "he was speaking about his tribe coin. I"}, {"start": "00:33:20", "end": "00:33:25", "text": "don't remember what it was. You know"}, {"start": "00:33:22", "end": "00:33:28", "text": "this is this is a real OG test guys. The"}, {"start": "00:33:25", "end": "00:33:30", "text": "only the realest of OGs will know this"}, {"start": "00:33:28", "end": "00:33:32", "text": "this guy. It was kind of a scam like I"}, {"start": "00:33:30", "end": "00:33:34", "text": "don't know it was like it was master"}, {"start": "00:33:32", "end": "00:33:37", "text": "node time. Master node time. You"}, {"start": "00:33:34", "end": "00:33:39", "text": "remember the master node craze of 2017?"}, {"start": "00:33:37", "end": "00:33:41", "text": "Everyone was shilling master nodes. You"}, {"start": "00:33:39", "end": "00:33:45", "text": "can take your coins. You can spin up a"}, {"start": "00:33:41", "end": "00:33:48", "text": "master node. And there was a guy in a"}, {"start": "00:33:45", "end": "00:33:50", "text": "tent. He was living in a tent. And he"}, {"start": "00:33:48", "end": "00:33:53", "text": "was streaming every day about some coin."}, {"start": "00:33:50", "end": "00:33:54", "text": "He said it's the power of the community."}, {"start": "00:33:53", "end": "00:33:56", "text": "And yeah, it went to zero. Obviously,"}, {"start": "00:33:54", "end": "00:33:58", "text": "never came back. Just as an example of"}, {"start": "00:33:56", "end": "00:34:00", "text": "things that were temporarily big and"}, {"start": "00:33:58", "end": "00:34:03", "text": "then no one heard about them. He was"}, {"start": "00:34:00", "end": "00:34:05", "text": "quite famous for a while there."}, {"start": "00:34:03", "end": "00:34:08", "text": "Okay."}, {"start": "00:34:05", "end": "00:34:09", "text": "So, yeah, that's that."}, {"start": "00:34:08", "end": "00:34:11", "text": "You only want to be in bull trend if"}, {"start": "00:34:09", "end": "00:34:12", "text": "your favorite asset is not in bull"}, {"start": "00:34:11", "end": "00:34:15", "text": "trend. You have to be very careful guys."}, {"start": "00:34:12", "end": "00:34:15", "text": "Very very careful."}, {"start": "00:34:16", "end": "00:34:20", "text": "Wait, let me check with this guy. Let me"}, {"start": "00:34:18", "end": "00:34:22", "text": "check with this guy. Let me check. I see"}, {"start": "00:34:20", "end": "00:34:23", "text": "some suggestions. Can it be I don't"}, {"start": "00:34:22", "end": "00:34:28", "text": "remember guys. If I see his face and his"}, {"start": "00:34:23", "end": "00:34:28", "text": "stand, then I know. Let's see."}, {"start": "00:34:36", "end": "00:34:41", "text": "No, I don't get any image of him."}, {"start": "00:34:43", "end": "00:34:47", "text": "Let me see. Maybe on YouTube."}, {"start": "00:34:47", "end": "00:34:50", "text": "No,"}, {"start": "00:34:50", "end": "00:34:53", "text": "no, no, no. I mean, I don't think he's"}, {"start": "00:34:52", "end": "00:34:56", "text": "act I don't think he's active now. He's"}, {"start": "00:34:53", "end": "00:35:00", "text": "not active now."}, {"start": "00:34:56", "end": "00:35:03", "text": "Let me ask let me see if Gemini can find"}, {"start": "00:35:00", "end": "00:35:10", "text": "can find this guy. I watched an Asian"}, {"start": "00:35:03", "end": "00:35:16", "text": "guy doing crypto videos in a hand in"}, {"start": "00:35:10", "end": "00:35:19", "text": "2017. Uh who could it have been? He"}, {"start": "00:35:16", "end": "00:35:19", "text": "talked"}, {"start": "00:35:19", "end": "00:35:25", "text": "about a like community coin"}, {"start": "00:35:23", "end": "00:35:27", "text": "that then collapsed."}, {"start": "00:35:25", "end": "00:35:30", "text": "Let me let me see. Maybe maybe Germany"}, {"start": "00:35:27", "end": "00:35:31", "text": "can find for me."}, {"start": "00:35:30", "end": "00:35:33", "text": "But it was a long time ago like Yeah,"}, {"start": "00:35:31", "end": "00:35:35", "text": "this this is maybe it's very maybe I'm"}, {"start": "00:35:33", "end": "00:35:37", "text": "maybe he wasn't maybe I remember him"}, {"start": "00:35:35", "end": "00:35:40", "text": "like more famous than he was. Maybe he"}, {"start": "00:35:37", "end": "00:35:40", "text": "wasn't"}, {"start": "00:35:42", "end": "00:35:47", "text": "Michael Gooman. This was not box mine,"}, {"start": "00:35:44", "end": "00:35:49", "text": "you know."}, {"start": "00:35:47", "end": "00:35:52", "text": "Peter, this was not Peter Sisington. No,"}, {"start": "00:35:49", "end": "00:35:55", "text": "no, it was H. But what was his coin?"}, {"start": "00:35:52", "end": "00:35:59", "text": "Maybe if you if you if you tell me what"}, {"start": "00:35:55", "end": "00:36:03", "text": "his coin was, then let's see. Uh,"}, {"start": "00:35:59", "end": "00:36:06", "text": "coin uh 2017. Let me see. Is it high in"}, {"start": "00:36:03", "end": "00:36:06", "text": "crypto?"}, {"start": "00:36:07", "end": "00:36:10", "text": "What was the name of that coin? He"}, {"start": "00:36:08", "end": "00:36:12", "text": "shilled"}, {"start": "00:36:10", "end": "00:36:13", "text": "it. He was like Richard Hart before"}, {"start": "00:36:12", "end": "00:36:15", "text": "Richard Hart, but he was like, yeah, he"}, {"start": "00:36:13", "end": "00:36:19", "text": "was living in the tent. He should have"}, {"start": "00:36:15", "end": "00:36:19", "text": "bought Rolex."}, {"start": "00:36:19", "end": "00:36:23", "text": "He was kind of It was kind of the same"}, {"start": "00:36:21", "end": "00:36:25", "text": "vibe, but uh yeah, but also very"}, {"start": "00:36:23", "end": "00:36:29", "text": "different. So guys, that's that. Let's"}, {"start": "00:36:25", "end": "00:36:29", "text": "not spend too much time on that"}, {"start": "00:36:35", "end": "00:36:39", "text": "tribe. No, it was not tribe."}, {"start": "00:36:51", "end": "00:36:55", "text": "I don't remember it being that that one."}, {"start": "00:36:53", "end": "00:36:57", "text": "But anyway, let let's continue in the"}, {"start": "00:36:55", "end": "00:36:59", "text": "comments below. Maybe you should bring"}, {"start": "00:36:57", "end": "00:37:01", "text": "back all the 2017. We should be rank all"}, {"start": "00:36:59", "end": "00:37:03", "text": "the coins as a meme like they did with"}, {"start": "00:37:01", "end": "00:37:07", "text": "GameStop."}, {"start": "00:37:03", "end": "00:37:11", "text": "Yeah, I mean potentially potentially uh"}, {"start": "00:37:07", "end": "00:37:13", "text": "a lot of low low liquidity stuff there."}, {"start": "00:37:11", "end": "00:37:17", "text": "What do you think about link? Let me"}, {"start": "00:37:13", "end": "00:37:17", "text": "let's check link. Let's check"}, {"start": "00:37:20", "end": "00:37:26", "text": "is bull trend good a bit of pullback and"}, {"start": "00:37:23", "end": "00:37:28", "text": "good good bull trend can can probably go"}, {"start": "00:37:26", "end": "00:37:31", "text": "to these highs"}, {"start": "00:37:28", "end": "00:37:33", "text": "in the coming uh I mean in the coming 12"}, {"start": "00:37:31", "end": "00:37:35", "text": "to 15 months they should be able to to"}, {"start": "00:37:33", "end": "00:37:39", "text": "recapture this highs as if we have bull"}, {"start": "00:37:35", "end": "00:37:42", "text": "markets coming back and um yeah so at"}, {"start": "00:37:39", "end": "00:37:44", "text": "least to $25 it would be reasonable but"}, {"start": "00:37:42", "end": "00:37:46", "text": "at the same time guys should they"}, {"start": "00:37:44", "end": "00:37:48", "text": "uh bare, we're out. So, it's whatever I"}, {"start": "00:37:46", "end": "00:37:52", "text": "say in terms of upward potential, if"}, {"start": "00:37:48", "end": "00:37:52", "text": "they go bare, none of that counts."}, {"start": "00:38:15", "end": "00:38:18", "text": "When you say deploying in the new Yeah,"}, {"start": "00:38:17", "end": "00:38:20", "text": "deploying means buying. Exactly. We"}, {"start": "00:38:18", "end": "00:38:22", "text": "actually sent out a newsletter"}, {"start": "00:38:20", "end": "00:38:23", "text": "yesterday. So if you are in newsletter,"}, {"start": "00:38:22", "end": "00:38:26", "text": "you you did receive a newsletter for"}, {"start": "00:38:23", "end": "00:38:30", "text": "free yesterday. Use the link below for"}, {"start": "00:38:26", "end": "00:38:31", "text": "to join the newsletter. Very important."}, {"start": "00:38:30", "end": "00:38:33", "text": "Near wants to go higher. Yeah, let's"}, {"start": "00:38:31", "end": "00:38:36", "text": "check near"}, {"start": "00:38:33", "end": "00:38:38", "text": "USD. How it looks?"}, {"start": "00:38:36", "end": "00:38:40", "text": "It looks good. It looks good. It it"}, {"start": "00:38:38", "end": "00:38:43", "text": "entered new bull trend up 13% since new"}, {"start": "00:38:40", "end": "00:38:46", "text": "bull trend. Uh wants to go higher. Yeah,"}, {"start": "00:38:43", "end": "00:38:46", "text": "I think it looks good."}, {"start": "00:38:50", "end": "00:38:55", "text": "What about pola dot is death or opport?"}, {"start": "00:38:53", "end": "00:38:58", "text": "Is it death or opportunity?"}, {"start": "00:38:55", "end": "00:39:00", "text": "Uh right now it is death guys. Right now"}, {"start": "00:38:58", "end": "00:39:03", "text": "anything can change but it's a bare"}, {"start": "00:39:00", "end": "00:39:04", "text": "trend. It cannot even I mean you see"}, {"start": "00:39:03", "end": "00:39:06", "text": "heavy rejection."}, {"start": "00:39:04", "end": "00:39:08", "text": "Uh"}, {"start": "00:39:06", "end": "00:39:10", "text": "I mean currently the way I see it at"}, {"start": "00:39:08", "end": "00:39:12", "text": "least is that it's not really worth"}, {"start": "00:39:10", "end": "00:39:14", "text": "worth it. Uh there are I mean other"}, {"start": "00:39:12", "end": "00:39:18", "text": "things Zcash going to alltime high every"}, {"start": "00:39:14", "end": "00:39:20", "text": "day. Zcash is up 60% since August 24th."}, {"start": "00:39:18", "end": "00:39:22", "text": "I mean this what I mean with strength be"}, {"start": "00:39:20", "end": "00:39:25", "text": "strength. You see Zcash from August 24th"}, {"start": "00:39:22", "end": "00:39:30", "text": "up 60 60%. And this is after all the"}, {"start": "00:39:25", "end": "00:39:32", "text": "previous pumps. Okay. So"}, {"start": "00:39:30", "end": "00:39:34", "text": "I'm just telling here is the same thing."}, {"start": "00:39:32", "end": "00:39:36", "text": "the is hyperlquid just up and up and up"}, {"start": "00:39:34", "end": "00:39:38", "text": "lighter up and up and then you find out"}, {"start": "00:39:36", "end": "00:39:41", "text": "of all of these different opportunities"}, {"start": "00:39:38", "end": "00:39:44", "text": "you find this one just because it's down"}, {"start": "00:39:41", "end": "00:39:46", "text": "a lot. It's one of the biggest sins in"}, {"start": "00:39:44", "end": "00:39:48", "text": "mechanical rules uh that we teach in"}, {"start": "00:39:46", "end": "00:39:50", "text": "Bulmania that you know you you you find"}, {"start": "00:39:48", "end": "00:39:54", "text": "something cheap"}, {"start": "00:39:50", "end": "00:39:54", "text": "but it's cheap for a reason."}, {"start": "00:39:54", "end": "00:39:58", "text": "The way to enter the cheap coin is in"}, {"start": "00:39:56", "end": "00:40:00", "text": "case it goes bull trend then you have"}, {"start": "00:39:58", "end": "00:40:05", "text": "the blessing. Otherwise"}, {"start": "00:40:00", "end": "00:40:05", "text": "stay out, stay out. Stay out."}, {"start": "00:40:10", "end": "00:40:15", "text": "Check IR. Okay, let's check IRO. Iro"}, {"start": "00:40:17", "end": "00:40:20", "text": "USD"}, {"start": "00:40:18", "end": "00:40:22", "text": "drrome."}, {"start": "00:40:20", "end": "00:40:25", "text": "Oh, right on the border. Right on the"}, {"start": "00:40:22", "end": "00:40:27", "text": "bull flip. right on the so they have to"}, {"start": "00:40:25", "end": "00:40:31", "text": "close above 0.58 to be bull on the"}, {"start": "00:40:27", "end": "00:40:34", "text": "weekly and for the short term"}, {"start": "00:40:31", "end": "00:40:37", "text": "is bullish since uh yeah way back here"}, {"start": "00:40:34", "end": "00:40:39", "text": "but on the weekly it's uh but it hasn't"}, {"start": "00:40:37", "end": "00:40:41", "text": "pumped too much only 10% above the bull"}, {"start": "00:40:39", "end": "00:40:43", "text": "flip on the daily but on the weekly it's"}, {"start": "00:40:41", "end": "00:40:46", "text": "just now going to go bull for the first"}, {"start": "00:40:43", "end": "00:40:46", "text": "time since October"}, {"start": "00:40:48", "end": "00:40:53", "text": "I mean what about GPU prices miners are"}, {"start": "00:40:51", "end": "00:40:55", "text": "switching to running a models instead of"}, {"start": "00:40:53", "end": "00:40:59", "text": "mining do you have any thoughts on how"}, {"start": "00:40:55", "end": "00:41:03", "text": "to track implications and frontr run AI"}, {"start": "00:40:59", "end": "00:41:05", "text": "or crypto of the GPU price? O, it's a"}, {"start": "00:41:03", "end": "00:41:08", "text": "bit outside of my wheelshed. Do you see"}, {"start": "00:41:05", "end": "00:41:11", "text": "like that wheel wheelshed? But uh let's"}, {"start": "00:41:08", "end": "00:41:14", "text": "see GPU price. Can you speculate on on"}, {"start": "00:41:11", "end": "00:41:18", "text": "GPU price? Uh"}, {"start": "00:41:14", "end": "00:41:21", "text": "has I mean it should be like a commodity"}, {"start": "00:41:18", "end": "00:41:24", "text": "like oil. Well, let's check let's check"}, {"start": "00:41:21", "end": "00:41:28", "text": "let's check let's check. Uh is let's"}, {"start": "00:41:24", "end": "00:41:30", "text": "check bullmania AI what it says."}, {"start": "00:41:28", "end": "00:41:35", "text": "I mean I guess buying Nvidia is a way of"}, {"start": "00:41:30", "end": "00:41:39", "text": "doing that. Is there a way to speculate"}, {"start": "00:41:35", "end": "00:41:40", "text": "on GPU prices? I mean all of the chip"}, {"start": "00:41:39", "end": "00:41:42", "text": "manufacturers of course is a way to"}, {"start": "00:41:40", "end": "00:41:44", "text": "speculate but it's not like you know"}, {"start": "00:41:42", "end": "00:41:45", "text": "buying the spot. It's not like you know"}, {"start": "00:41:44", "end": "00:41:48", "text": "buying oil but now it's GP. It's not"}, {"start": "00:41:45", "end": "00:41:49", "text": "like buying the commodity. Understand?"}, {"start": "00:41:48", "end": "00:41:51", "text": "So"}, {"start": "00:41:49", "end": "00:41:54", "text": "um it's interesting if you can actually"}, {"start": "00:41:51", "end": "00:41:56", "text": "like yeah like buy some rented GPU time"}, {"start": "00:41:54", "end": "00:41:58", "text": "maybe in a cloud which you I mean you I"}, {"start": "00:41:56", "end": "00:42:02", "text": "know you can you you can do it yourself"}, {"start": "00:41:58", "end": "00:42:05", "text": "but as a like financial product so you"}, {"start": "00:42:02", "end": "00:42:07", "text": "you could u do that but yeah otherwise"}, {"start": "00:42:05", "end": "00:42:11", "text": "is the is the chip manufacturers whether"}, {"start": "00:42:07", "end": "00:42:14", "text": "it's uh Invisia or the other ones that"}, {"start": "00:42:11", "end": "00:42:15", "text": "uh that have been doing well."}, {"start": "00:42:14", "end": "00:42:20", "text": "Um"}, {"start": "00:42:15", "end": "00:42:22", "text": "there's also a big debate about um the"}, {"start": "00:42:20", "end": "00:42:25", "text": "uh security budget for crypto. We're"}, {"start": "00:42:22", "end": "00:42:27", "text": "going to cover it another another time."}, {"start": "00:42:25", "end": "00:42:30", "text": "Uh oh yeah. So let's check here. Let's"}, {"start": "00:42:27", "end": "00:42:35", "text": "check here. It says equities like we"}, {"start": "00:42:30", "end": "00:42:37", "text": "said with Nvidia, AMD, Nebus."}, {"start": "00:42:35", "end": "00:42:39", "text": "Guys, this is why you have Bulman AI by"}, {"start": "00:42:37", "end": "00:42:40", "text": "the way. You have the charts, you have"}, {"start": "00:42:39", "end": "00:42:44", "text": "everything here already so you can"}, {"start": "00:42:40", "end": "00:42:48", "text": "quickly check. You have corewave, iron,"}, {"start": "00:42:44", "end": "00:42:48", "text": "super micro."}, {"start": "00:42:49", "end": "00:42:56", "text": "Uh"}, {"start": "00:42:51", "end": "00:42:57", "text": "here Nibbus just announced the increase"}, {"start": "00:42:56", "end": "00:43:01", "text": "demand increase on demand price"}, {"start": "00:42:57", "end": "00:43:01", "text": "increases. There you go."}, {"start": "00:43:03", "end": "00:43:08", "text": "So there is demand big demand."}, {"start": "00:43:05", "end": "00:43:10", "text": "Uh this destroys one of the biggest bare"}, {"start": "00:43:08", "end": "00:43:15", "text": "thesis on air trade. Hiking rental"}, {"start": "00:43:10", "end": "00:43:15", "text": "costs. Yeah. Big demand"}, {"start": "00:43:16", "end": "00:43:20", "text": "on platforms like lighter. You can"}, {"start": "00:43:17", "end": "00:43:22", "text": "always long or short Nvidia. Yeah. Yeah."}, {"start": "00:43:20", "end": "00:43:26", "text": "Ah wait look here. You can long or short"}, {"start": "00:43:22", "end": "00:43:30", "text": "Nvidia H100 compute. There you go. So it"}, {"start": "00:43:26", "end": "00:43:36", "text": "is possible to speculate not on the"}, {"start": "00:43:30", "end": "00:43:38", "text": "stock but on the actual GPU it's still"}, {"start": "00:43:36", "end": "00:43:40", "text": "tiny but the idea of trading spreads"}, {"start": "00:43:38", "end": "00:43:42", "text": "between GP yeah there you go there"}, {"start": "00:43:40", "end": "00:43:44", "text": "interesting it depends also which GPU"}, {"start": "00:43:42", "end": "00:43:46", "text": "which model some people simply buy"}, {"start": "00:43:44", "end": "00:43:48", "text": "high-end consumer yes you can buy it"}, {"start": "00:43:46", "end": "00:43:51", "text": "themselves you can trade you can like in"}, {"start": "00:43:48", "end": "00:43:53", "text": "Runescape buying GPU selling GPU actual"}, {"start": "00:43:51", "end": "00:43:56", "text": "GPU but yeah I mean basically keep keep"}, {"start": "00:43:53", "end": "00:44:00", "text": "to equities don't over complicate your"}, {"start": "00:43:56", "end": "00:44:00", "text": "Don't over complicate your life."}, {"start": "00:44:00", "end": "00:44:06", "text": "What's your thought on INA? Let's check"}, {"start": "00:44:02", "end": "00:44:06", "text": "in. Where is INA?"}, {"start": "00:44:06", "end": "00:44:12", "text": "Ena in a bull trend a bit sideways. Kind"}, {"start": "00:44:10", "end": "00:44:16", "text": "of like Bitcoin. The the same chart as"}, {"start": "00:44:12", "end": "00:44:16", "text": "Bitcoin bullish."}, {"start": "00:44:17", "end": "00:44:21", "text": "But both Bitcoin and ENA like these"}, {"start": "00:44:19", "end": "00:44:24", "text": "charts uh the next step for them is have"}, {"start": "00:44:21", "end": "00:44:26", "text": "a big fat leg to the upside to confirm"}, {"start": "00:44:24", "end": "00:44:27", "text": "bull trend to continue. I mean it is"}, {"start": "00:44:26", "end": "00:44:29", "text": "bull trend but we would I don't I would"}, {"start": "00:44:27", "end": "00:44:30", "text": "a I would like to avoid sideways."}, {"start": "00:44:29", "end": "00:44:34", "text": "Sideways may happen. So if we have a"}, {"start": "00:44:30", "end": "00:44:37", "text": "nice pump so everyone"}, {"start": "00:44:34", "end": "00:44:39", "text": "sees that this is the next cycle for"}, {"start": "00:44:37", "end": "00:44:41", "text": "basically ignite the foromo. Ignite the"}, {"start": "00:44:39", "end": "00:44:45", "text": "foromo is is the step that we need. We"}, {"start": "00:44:41", "end": "00:44:49", "text": "need to ignite the foromo. And if guys,"}, {"start": "00:44:45", "end": "00:44:53", "text": "imagine Bitcoin snapping to 90K."}, {"start": "00:44:49", "end": "00:44:55", "text": "Oh, it's like let me just check here."}, {"start": "00:44:53", "end": "00:44:59", "text": "Just check here. Bitcoin just needs to"}, {"start": "00:44:55", "end": "00:45:02", "text": "go how many% up."}, {"start": "00:44:59", "end": "00:45:05", "text": "Bitcoin needs to go up 17%. It can do it"}, {"start": "00:45:02", "end": "00:45:10", "text": "literally in a week if it wants to go to"}, {"start": "00:45:05", "end": "00:45:12", "text": "90K. Oh, and then it's 100K. 100K. Very,"}, {"start": "00:45:10", "end": "00:45:14", "text": "very close. Very close. Anyway, guys,"}, {"start": "00:45:12", "end": "00:45:16", "text": "that's it. Thank you very much for being"}, {"start": "00:45:14", "end": "00:45:18", "text": "here. We're at 45 minutes."}, {"start": "00:45:16", "end": "00:45:20", "text": "Uh good length. Uh now it's time to be"}, {"start": "00:45:18", "end": "00:45:22", "text": "bullish, not bearish. Should we dip"}, {"start": "00:45:20", "end": "00:45:23", "text": "down? Just buy more. Don't overthink it."}, {"start": "00:45:22", "end": "00:45:25", "text": "Just buy more. Don't Don't think too"}, {"start": "00:45:23", "end": "00:45:27", "text": "much here, guys. Here. You don't want to"}, {"start": "00:45:25", "end": "00:45:30", "text": "be thinking too much. I'm telling you,"}, {"start": "00:45:27", "end": "00:45:33", "text": "don't be thinking too much. Just uh buy"}, {"start": "00:45:30", "end": "00:45:36", "text": "more if it goes down. U very important."}, {"start": "00:45:33", "end": "00:45:39", "text": "Very very important. Uh oh. Yo yo yo yo."}, {"start": "00:45:36", "end": "00:45:43", "text": "We have some more people connecting to"}, {"start": "00:45:39", "end": "00:45:44", "text": "Bulmania Arena. this guy 391,000 volume"}, {"start": "00:45:43", "end": "00:45:46", "text": "by the way volume guys you know with"}, {"start": "00:45:44", "end": "00:45:49", "text": "perpetuals"}, {"start": "00:45:46", "end": "00:45:52", "text": "to get volume let's say you have $1,000"}, {"start": "00:45:49", "end": "00:45:54", "text": "you do 10x it is uh 10,000 volume you"}, {"start": "00:45:52", "end": "00:45:57", "text": "understand so volume is counting the"}, {"start": "00:45:54", "end": "00:46:02", "text": "leverage just you understand here so is"}, {"start": "00:45:57", "end": "00:46:05", "text": "both futures volume and um and spot but"}, {"start": "00:46:02", "end": "00:46:08", "text": "to get yeah to get big volume uh futures"}, {"start": "00:46:05", "end": "00:46:11", "text": "is is uh yeah that's how big volume is"}, {"start": "00:46:08", "end": "00:46:13", "text": "created so anyway go arena.bmia.com."}, {"start": "00:46:11", "end": "00:46:16", "text": "Connect your Pionex, connect your Bit"}, {"start": "00:46:13", "end": "00:46:18", "text": "Unix. Bit Unix, we're going to uh add"}, {"start": "00:46:16", "end": "00:46:20", "text": "the pool here soon. Then another change"}, {"start": "00:46:18", "end": "00:46:22", "text": "like BBIT, etc., etc. And hopefully"}, {"start": "00:46:20", "end": "00:46:23", "text": "within the coming weeks, we're going to"}, {"start": "00:46:22", "end": "00:46:27", "text": "have hundreds of thousands of dollars"}, {"start": "00:46:23", "end": "00:46:30", "text": "we're giving out to our community who"}, {"start": "00:46:27", "end": "00:46:31", "text": "have used our links to sign up and you"}, {"start": "00:46:30", "end": "00:46:33", "text": "get cash back. We're giving you cash"}, {"start": "00:46:31", "end": "00:46:34", "text": "back. Cashback, cash back, cash back,"}, {"start": "00:46:33", "end": "00:46:35", "text": "cash back, cash back. That's exactly"}, {"start": "00:46:34", "end": "00:46:37", "text": "exactly how we like it, guys. Thank you"}, {"start": "00:46:35", "end": "00:46:40", "text": "very much. Enjoy and goodbye, guys. Be"}, {"start": "00:46:37", "end": "00:46:40", "text": "shout to Guzman for time."}]

[{"start": "00:00:01", "end": "00:00:06", "text": "H. Oh yes. Oh yes. Oh yes. Oh yes. Guys,"}, {"start": "00:00:04", "end": "00:00:08", "text": "welcome to another episode. And as you"}, {"start": "00:00:06", "end": "00:00:10", "text": "can see right now, Bitcoin is still at"}, {"start": "00:00:08", "end": "00:00:12", "text": "around 7576."}, {"start": "00:00:10", "end": "00:00:15", "text": "We're bouncing around here. But most"}, {"start": "00:00:12", "end": "00:00:18", "text": "importantly, people are freaking out"}, {"start": "00:00:15", "end": "00:00:21", "text": "because there's no Clarity Act. Clarity"}, {"start": "00:00:18", "end": "00:00:23", "text": "Act yesterday got denied. Got fully"}, {"start": "00:00:21", "end": "00:00:26", "text": "denied. Elizabeth Warren came out and"}, {"start": "00:00:23", "end": "00:00:27", "text": "said that Clarity Act will start a"}, {"start": "00:00:26", "end": "00:00:30", "text": "recession. It's going to start an"}, {"start": "00:00:27", "end": "00:00:33", "text": "economic collapse. and declares got"}, {"start": "00:00:30", "end": "00:00:37", "text": "denied. Listen to this."}, {"start": "00:00:33", "end": "00:00:39", "text": ">> This bill would put us all at risk of a"}, {"start": "00:00:37", "end": "00:00:42", "text": "cryptofueled"}, {"start": "00:00:39", "end": "00:00:43", "text": "economic crash."}, {"start": "00:00:42", "end": "00:00:46", "text": "This bill,"}, {"start": "00:00:43", "end": "00:00:49", "text": ">> so they're already today blaming crypto"}, {"start": "00:00:46", "end": "00:00:51", "text": "for the next economic crash, economic"}, {"start": "00:00:49", "end": "00:00:53", "text": "collapse. And of course, Bitcoin did"}, {"start": "00:00:51", "end": "00:00:55", "text": "fall like $1,000 yesterday. Very"}, {"start": "00:00:53", "end": "00:00:57", "text": "important to talk about it because"}, {"start": "00:00:55", "end": "00:01:00", "text": "people are freaking out. There is no"}, {"start": "00:00:57", "end": "00:01:02", "text": "clarity act. Only Ivan gives you clarity"}, {"start": "00:01:00", "end": "00:01:04", "text": "in these very very uncertain times of"}, {"start": "00:01:02", "end": "00:01:07", "text": "volatility. Now, as you know, we are in"}, {"start": "00:01:04", "end": "00:01:09", "text": "bull trend. We officially turned bullish"}, {"start": "00:01:07", "end": "00:01:11", "text": "here last week and we're still bullish"}, {"start": "00:01:09", "end": "00:01:14", "text": "and it's fantastic and we just follow"}, {"start": "00:01:11", "end": "00:01:18", "text": "the plan just like back here when we fle"}, {"start": "00:01:14", "end": "00:01:20", "text": "bullish in 2023. You remember that we"}, {"start": "00:01:18", "end": "00:01:23", "text": "did see a bit of sideways. It went down"}, {"start": "00:01:20", "end": "00:01:26", "text": "a bit. We didn't really go above this"}, {"start": "00:01:23", "end": "00:01:29", "text": "high right here fast. We tried going"}, {"start": "00:01:26", "end": "00:01:31", "text": "above this high at approximately 24 got"}, {"start": "00:01:29", "end": "00:01:33", "text": "a bit rejected got down a bit but at the"}, {"start": "00:01:31", "end": "00:01:36", "text": "end of the day once you are in the bull"}, {"start": "00:01:33", "end": "00:01:39", "text": "trend the likelihood of an upside"}, {"start": "00:01:36", "end": "00:01:42", "text": "resolution is the biggest. So we keep it"}, {"start": "00:01:39", "end": "00:01:44", "text": "simple we keep it clear. We give you"}, {"start": "00:01:42", "end": "00:01:46", "text": "clarity. No one else gives you clarity."}, {"start": "00:01:44", "end": "00:01:48", "text": "No one else in the world gives you"}, {"start": "00:01:46", "end": "00:01:50", "text": "clarity except here on Ivan on tech."}, {"start": "00:01:48", "end": "00:01:52", "text": "Everyone else will give you new target"}, {"start": "00:01:50", "end": "00:01:53", "text": "every day. I mean today they have this"}, {"start": "00:01:52", "end": "00:01:55", "text": "target. Now they have another one. I'm"}, {"start": "00:01:53", "end": "00:01:58", "text": "telling you we're bullish. It's bull"}, {"start": "00:01:55", "end": "00:02:00", "text": "trend. Even if you have a dip lower,"}, {"start": "00:01:58", "end": "00:02:02", "text": "just buy because it is bullish trend."}, {"start": "00:02:00", "end": "00:02:04", "text": "It's time to be bullish. The time to be"}, {"start": "00:02:02", "end": "00:02:06", "text": "bearish was right here back in October."}, {"start": "00:02:04", "end": "00:02:07", "text": "Now, of course, another important thing"}, {"start": "00:02:06", "end": "00:02:10", "text": "that we have to discuss is what's"}, {"start": "00:02:07", "end": "00:02:13", "text": "happening right now with the Fed because"}, {"start": "00:02:10", "end": "00:02:15", "text": "the interest rates will be announced"}, {"start": "00:02:13", "end": "00:02:18", "text": "today. Uh the highest likelihood is that"}, {"start": "00:02:15", "end": "00:02:20", "text": "they will increase. But also here people"}, {"start": "00:02:18", "end": "00:02:22", "text": "are freaking out. They're saying Ivan,"}, {"start": "00:02:20", "end": "00:02:24", "text": "Ivan, what's going to happen? Ivan gives"}, {"start": "00:02:22", "end": "00:02:26", "text": "you full clarity on the situation. And"}, {"start": "00:02:24", "end": "00:02:28", "text": "that's that higher interest rate likely"}, {"start": "00:02:26", "end": "00:02:30", "text": "will not affect Bitcoin too much. Just"}, {"start": "00:02:28", "end": "00:02:31", "text": "like by the way lower interest rate you"}, {"start": "00:02:30", "end": "00:02:33", "text": "see when they lowered interest rate we"}, {"start": "00:02:31", "end": "00:02:35", "text": "had the bare market start higher"}, {"start": "00:02:33", "end": "00:02:38", "text": "interest rate here at the beginning of"}, {"start": "00:02:35", "end": "00:02:40", "text": "bare market of bull market did not stop"}, {"start": "00:02:38", "end": "00:02:42", "text": "the bull market. So you understand"}, {"start": "00:02:40", "end": "00:02:44", "text": "higher rates here you see they went up"}, {"start": "00:02:42", "end": "00:02:46", "text": "and up and up and up and up. They did"}, {"start": "00:02:44", "end": "00:02:48", "text": "not stop this bull market and lower"}, {"start": "00:02:46", "end": "00:02:52", "text": "rates lower rates right here did not"}, {"start": "00:02:48", "end": "00:02:54", "text": "stop the bare market. So in my mind the"}, {"start": "00:02:52", "end": "00:02:56", "text": "rates are disconnected from the cycle."}, {"start": "00:02:54", "end": "00:02:58", "text": "Why? Because it's more about supply and"}, {"start": "00:02:56", "end": "00:03:01", "text": "demand. It's more about how much how"}, {"start": "00:02:58", "end": "00:03:03", "text": "much Bitcoin are for sale. Here at the"}, {"start": "00:03:01", "end": "00:03:04", "text": "peak, a lot of Bitcoin is for sale."}, {"start": "00:03:03", "end": "00:03:07", "text": "People made so much money. It's a lot of"}, {"start": "00:03:04", "end": "00:03:09", "text": "Bitcoin is for sale here at the bottom."}, {"start": "00:03:07", "end": "00:03:11", "text": "Not many bitcoins for sale. That's why"}, {"start": "00:03:09", "end": "00:03:13", "text": "around 200 moving average, we said it's"}, {"start": "00:03:11", "end": "00:03:15", "text": "time to buy by buy. It's time to be"}, {"start": "00:03:13", "end": "00:03:17", "text": "bullish. It's not time to be bearish."}, {"start": "00:03:15", "end": "00:03:20", "text": "It's not time to be afraid. It's not"}, {"start": "00:03:17", "end": "00:03:21", "text": "time to be scared. It's not time to"}, {"start": "00:03:20", "end": "00:03:23", "text": "wetting your pant. Wetting your pant you"}, {"start": "00:03:21", "end": "00:03:25", "text": "should have done here guys in October"}, {"start": "00:03:23", "end": "00:03:27", "text": "when we told you to wet your pant and"}, {"start": "00:03:25", "end": "00:03:30", "text": "[laughter] to be bearish. That was the"}, {"start": "00:03:27", "end": "00:03:32", "text": "time but no no only now people maybe"}, {"start": "00:03:30", "end": "00:03:34", "text": "it's going to go down. Listen all in all"}, {"start": "00:03:32", "end": "00:03:36", "text": "we're bullish. We're bullish and we're"}, {"start": "00:03:34", "end": "00:03:38", "text": "bullish. Why? Because it's bull trend."}, {"start": "00:03:36", "end": "00:03:40", "text": "We're a year into this. Uh the four-year"}, {"start": "00:03:38", "end": "00:03:42", "text": "cyclists they are doing tour the fronts"}, {"start": "00:03:40", "end": "00:03:44", "text": "now. They're going to be cycling back in"}, {"start": "00:03:42", "end": "00:03:46", "text": "October because according to the"}, {"start": "00:03:44", "end": "00:03:47", "text": "four-ear cyclists the October is the"}, {"start": "00:03:46", "end": "00:03:49", "text": "bottom. So you're going to have that by"}, {"start": "00:03:47", "end": "00:03:52", "text": "pressure. I have a lot of buy pressure."}, {"start": "00:03:49", "end": "00:03:55", "text": "A lot a lot of buy pressure. So while"}, {"start": "00:03:52", "end": "00:03:56", "text": "emotional dudes in crypto uh you know in"}, {"start": "00:03:55", "end": "00:03:58", "text": "crypto we are emotional dudes. We can"}, {"start": "00:03:56", "end": "00:04:01", "text": "rebrand crypto to emotional dudes while"}, {"start": "00:03:58", "end": "00:04:02", "text": "the emotions are running high. While the"}, {"start": "00:04:01", "end": "00:04:05", "text": "emotional dudes are writing what's going"}, {"start": "00:04:02", "end": "00:04:09", "text": "to happen, what's going to happen? Ivan"}, {"start": "00:04:05", "end": "00:04:12", "text": "is here giving you clarity, calmness,"}, {"start": "00:04:09", "end": "00:04:13", "text": "the correct perspective. Just like not"}, {"start": "00:04:12", "end": "00:04:15", "text": "always bullish. In October I I give you"}, {"start": "00:04:13", "end": "00:04:17", "text": "the bearish perspective. We're here to"}, {"start": "00:04:15", "end": "00:04:19", "text": "give you the correct perspective. We're"}, {"start": "00:04:17", "end": "00:04:21", "text": "here to give you the not almost the most"}, {"start": "00:04:19", "end": "00:04:23", "text": "popular perspective. Not not not always"}, {"start": "00:04:21", "end": "00:04:26", "text": "the most popular, but the most correct"}, {"start": "00:04:23", "end": "00:04:28", "text": "perspective, the the best riskreward,"}, {"start": "00:04:26", "end": "00:04:30", "text": "the best path forward for the average"}, {"start": "00:04:28", "end": "00:04:31", "text": "average poor poor pleb. We're here to"}, {"start": "00:04:30", "end": "00:04:33", "text": "give you everything. Guys, welcome"}, {"start": "00:04:31", "end": "00:04:33", "text": "everyone who's watching live. Welcome."}, {"start": "00:04:33", "end": "00:04:36", "text": "[laughter]"}, {"start": "00:04:33", "end": "00:04:39", "text": "Smash up the like. Big shout to Dub who"}, {"start": "00:04:36", "end": "00:04:41", "text": "is timestamping us. If you are not part"}, {"start": "00:04:39", "end": "00:04:44", "text": "of the newsletter, go to the link below,"}, {"start": "00:04:41", "end": "00:04:46", "text": "join the newsletter. If you want fully"}, {"start": "00:04:44", "end": "00:04:48", "text": "free market analysis straight to your"}, {"start": "00:04:46", "end": "00:04:50", "text": "inbox, basically me living inside your"}, {"start": "00:04:48", "end": "00:04:52", "text": "email inbox, you go below, you sign up"}, {"start": "00:04:50", "end": "00:04:55", "text": "to the newsletter. And also, if you want"}, {"start": "00:04:52", "end": "00:04:56", "text": "all of the exchange deals we offer, it's"}, {"start": "00:04:55", "end": "00:04:58", "text": "also in description. This one is the"}, {"start": "00:04:56", "end": "00:04:59", "text": "first link of description. You have"}, {"start": "00:04:58", "end": "00:05:02", "text": "exchange starter pack. Enter your email"}, {"start": "00:04:59", "end": "00:05:04", "text": "here as well. I will be sending you the"}, {"start": "00:05:02", "end": "00:05:07", "text": "best exchange deals always. For example,"}, {"start": "00:05:04", "end": "00:05:08", "text": "we had Kali the other day. Kali is the"}, {"start": "00:05:07", "end": "00:05:10", "text": "best for the US. It's like buy bit for"}, {"start": "00:05:08", "end": "00:05:12", "text": "the US. You you have full KYC all tax"}, {"start": "00:05:10", "end": "00:05:14", "text": "documents. It's it's like buy bit"}, {"start": "00:05:12", "end": "00:05:15", "text": "basically. Go long, go short, do"}, {"start": "00:05:14", "end": "00:05:17", "text": "anything. Do anything. Fully fully fully"}, {"start": "00:05:15", "end": "00:05:20", "text": "fully regulated. If you're non US, you"}, {"start": "00:05:17", "end": "00:05:21", "text": "can also use Cali, but also Pionex. By"}, {"start": "00:05:20", "end": "00:05:25", "text": "the way, with Pionex, we did have this"}, {"start": "00:05:21", "end": "00:05:28", "text": "shortterm uh short basically bearish uh"}, {"start": "00:05:25", "end": "00:05:30", "text": "bot which is doing quite well. XRP long"}, {"start": "00:05:28", "end": "00:05:33", "text": "is doing quite well. Hype is doing quite"}, {"start": "00:05:30", "end": "00:05:35", "text": "well. So if you want to copy the bots,"}, {"start": "00:05:33", "end": "00:05:37", "text": "if you want to get the nice discount on"}, {"start": "00:05:35", "end": "00:05:40", "text": "the Pionex also the same, go to exchange"}, {"start": "00:05:37", "end": "00:05:42", "text": "starter pack. It's exchanges I use in"}, {"start": "00:05:40", "end": "00:05:43", "text": "the in the description. Sign up as soon"}, {"start": "00:05:42", "end": "00:05:46", "text": "as possible because bull market is"}, {"start": "00:05:43", "end": "00:05:48", "text": "coming. Very important to be set and"}, {"start": "00:05:46", "end": "00:05:51", "text": "ready to roll for the bull. Guys, look"}, {"start": "00:05:48", "end": "00:05:52", "text": "here. Zero Democrats voted to advance"}, {"start": "00:05:51", "end": "00:05:55", "text": "the Clarity Tech. Democrats, they don't"}, {"start": "00:05:52", "end": "00:05:57", "text": "like Clar because Elizabeth Warren told"}, {"start": "00:05:55", "end": "00:06:00", "text": "them that the Clarity Act will start a"}, {"start": "00:05:57", "end": "00:06:02", "text": "recession. So, they did not vote. All in"}, {"start": "00:06:00", "end": "00:06:04", "text": "all, uh guys, at the end of the day, it"}, {"start": "00:06:02", "end": "00:06:06", "text": "doesn't really matter this Clarity Act."}, {"start": "00:06:04", "end": "00:06:07", "text": "In the short term, it doesn't matter. In"}, {"start": "00:06:06", "end": "00:06:09", "text": "the long term, of course, it would be"}, {"start": "00:06:07", "end": "00:06:11", "text": "nice if there were clearer rules, but"}, {"start": "00:06:09", "end": "00:06:14", "text": "the thing is, even though there's no"}, {"start": "00:06:11", "end": "00:06:16", "text": "Clarity Act, the SEC and CFTC are going"}, {"start": "00:06:14", "end": "00:06:18", "text": "to make the rules anyway that are good"}, {"start": "00:06:16", "end": "00:06:21", "text": "for crypto. The only problem is that"}, {"start": "00:06:18", "end": "00:06:23", "text": "these rules they do now, they could be"}, {"start": "00:06:21", "end": "00:06:26", "text": "uh reversed in case new administration"}, {"start": "00:06:23", "end": "00:06:30", "text": "comes. while Clari act would cement the"}, {"start": "00:06:26", "end": "00:06:32", "text": "rules in law in a more stable way. Okay,"}, {"start": "00:06:30", "end": "00:06:36", "text": "that's very very important. And so when"}, {"start": "00:06:32", "end": "00:06:38", "text": "you look here at the Clari Act failure,"}, {"start": "00:06:36", "end": "00:06:41", "text": "you need to look on the bright side."}, {"start": "00:06:38", "end": "00:06:43", "text": "Okay, uh bright side, very important"}, {"start": "00:06:41", "end": "00:06:45", "text": "because the bright side is that the SEC"}, {"start": "00:06:43", "end": "00:06:48", "text": "and CFCC is still going to make"}, {"start": "00:06:45", "end": "00:06:50", "text": "fantastic fantastic nice rules for"}, {"start": "00:06:48", "end": "00:06:52", "text": "crypto anyway. Of course, uh you so and"}, {"start": "00:06:50", "end": "00:06:55", "text": "of course the Claract is coming crypto"}, {"start": "00:06:52", "end": "00:06:57", "text": "regardless. And of course, genius is"}, {"start": "00:06:55", "end": "00:07:00", "text": "already the law of the land for stable"}, {"start": "00:06:57", "end": "00:07:02", "text": "coins, which is even more permissive on"}, {"start": "00:07:00", "end": "00:07:04", "text": "rewards."}, {"start": "00:07:02", "end": "00:07:06", "text": "There were some concessions we made on"}, {"start": "00:07:04", "end": "00:07:07", "text": "clarity that were tough to swallow. So"}, {"start": "00:07:06", "end": "00:07:08", "text": "perhaps it's for the best. Let's see,"}, {"start": "00:07:07", "end": "00:07:10", "text": "guys. Let's see what's going to happen."}, {"start": "00:07:08", "end": "00:07:13", "text": "Crypto cannot be uninvented. That's for"}, {"start": "00:07:10", "end": "00:07:16", "text": "sure. Crypto cannot be uninvented. And"}, {"start": "00:07:13", "end": "00:07:18", "text": "uh speaking about the stable coins, you"}, {"start": "00:07:16", "end": "00:07:22", "text": "do have the ARC chain now getting a lot"}, {"start": "00:07:18", "end": "00:07:24", "text": "of support. So ARC is circles uh chain."}, {"start": "00:07:22", "end": "00:07:25", "text": "Normally we would say it's like a"}, {"start": "00:07:24", "end": "00:07:27", "text": "corporate chain this and that but you"}, {"start": "00:07:25", "end": "00:07:28", "text": "know in the bull market we're m way more"}, {"start": "00:07:27", "end": "00:07:30", "text": "bullish and we're way more digent"}, {"start": "00:07:28", "end": "00:07:32", "text": "because even the corporate chains as"}, {"start": "00:07:30", "end": "00:07:35", "text": "Robin Hood has shown are doing very well"}, {"start": "00:07:32", "end": "00:07:37", "text": "and so uh we just look at the facts"}, {"start": "00:07:35", "end": "00:07:39", "text": "what's what's going on on ARC you now"}, {"start": "00:07:37", "end": "00:07:41", "text": "have pump fund integration you have GMGN"}, {"start": "00:07:39", "end": "00:07:43", "text": "integration by the way if you sign up"}, {"start": "00:07:41", "end": "00:07:45", "text": "for the exchange starter pack first link"}, {"start": "00:07:43", "end": "00:07:48", "text": "of description we will be also sending"}, {"start": "00:07:45", "end": "00:07:50", "text": "out soon a discount for GMGN very"}, {"start": "00:07:48", "end": "00:07:52", "text": "important because if you want to trade"}, {"start": "00:07:50", "end": "00:07:55", "text": "on arc you want to trade on all of is"}, {"start": "00:07:52", "end": "00:07:58", "text": "it's pumfan GMGN and so on. But anyway,"}, {"start": "00:07:55", "end": "00:08:01", "text": "so pampan app will support arcchain. If"}, {"start": "00:07:58", "end": "00:08:04", "text": "you look at what arcchain is, it is"}, {"start": "00:08:01", "end": "00:08:05", "text": "circles on L1. What people are trying to"}, {"start": "00:08:04", "end": "00:08:07", "text": "find is like you know the next Robin"}, {"start": "00:08:05", "end": "00:08:09", "text": "Hood was the next Robin Hood is going to"}, {"start": "00:08:07", "end": "00:08:11", "text": "be Arc was going going to be. So people"}, {"start": "00:08:09", "end": "00:08:14", "text": "now they they kind of try to find the"}, {"start": "00:08:11", "end": "00:08:16", "text": "next Robin Hood. They in a way it's it"}, {"start": "00:08:14", "end": "00:08:17", "text": "feels a bit forced you know they try to"}, {"start": "00:08:16", "end": "00:08:19", "text": "force ARC to be the next Robin Hood. I"}, {"start": "00:08:17", "end": "00:08:20", "text": "mean let's see we're here to give you"}, {"start": "00:08:19", "end": "00:08:22", "text": "the information. We're here to give you"}, {"start": "00:08:20", "end": "00:08:24", "text": "opportunity and then you execute and"}, {"start": "00:08:22", "end": "00:08:28", "text": "then you try and you do risk management"}, {"start": "00:08:24", "end": "00:08:31", "text": "but is circles corporate chain okay and"}, {"start": "00:08:28", "end": "00:08:32", "text": "u uh is it should be economic OS for"}, {"start": "00:08:31", "end": "00:08:34", "text": "stable coin finance but you see the"}, {"start": "00:08:32", "end": "00:08:36", "text": "digions they see the most boring chain"}, {"start": "00:08:34", "end": "00:08:39", "text": "in the world you know stable coin"}, {"start": "00:08:36", "end": "00:08:41", "text": "finance tokenized you know and they try"}, {"start": "00:08:39", "end": "00:08:44", "text": "to make it dig so what has happened now"}, {"start": "00:08:41", "end": "00:08:46", "text": "lately is that there is now uh bridges"}, {"start": "00:08:44", "end": "00:08:48", "text": "to there people are doing memes for"}, {"start": "00:08:46", "end": "00:08:49", "text": "example I mean all of these things"}, {"start": "00:08:48", "end": "00:08:51", "text": "they're going to go to zero also be very"}, {"start": "00:08:49", "end": "00:08:53", "text": "careful but if you want to trade"}, {"start": "00:08:51", "end": "00:08:54", "text": "shortterm you have here you know some pi"}, {"start": "00:08:53", "end": "00:08:56", "text": "some I mean you see yourself you go to"}, {"start": "00:08:54", "end": "00:08:59", "text": "deck screen and there's a lot here uh"}, {"start": "00:08:56", "end": "00:09:02", "text": "but it's important for us to to notice"}, {"start": "00:08:59", "end": "00:09:05", "text": "that there is clearly more uh engagement"}, {"start": "00:09:02", "end": "00:09:07", "text": "and more talk about it you have a uniix"}, {"start": "00:09:05", "end": "00:09:10", "text": "this guy speaking about arc this guy is"}, {"start": "00:09:07", "end": "00:09:12", "text": "quite famous now lately with Robin Hood"}, {"start": "00:09:10", "end": "00:09:15", "text": "and so on so forth and u he's saying"}, {"start": "00:09:12", "end": "00:09:18", "text": "that uh yeah arc check it out for short"}, {"start": "00:09:15", "end": "00:09:19", "text": "term short-term opportunity because FOMO"}, {"start": "00:09:18", "end": "00:09:22", "text": "is integrating ARC Arc is actively"}, {"start": "00:09:19", "end": "00:09:24", "text": "trying to attract trenchers. Most people"}, {"start": "00:09:22", "end": "00:09:26", "text": "building around ARC have reached out to"}, {"start": "00:09:24", "end": "00:09:28", "text": "top trenchers like myself. H that"}, {"start": "00:09:26", "end": "00:09:30", "text": "suggests they understand how important"}, {"start": "00:09:28", "end": "00:09:32", "text": "early meme connectivity is for a new"}, {"start": "00:09:30", "end": "00:09:33", "text": "chain, especially if you're a corporate"}, {"start": "00:09:32", "end": "00:09:36", "text": "chain that no one cares about. You need"}, {"start": "00:09:33", "end": "00:09:38", "text": "the memes. You need the memes. They"}, {"start": "00:09:36", "end": "00:09:40", "text": "appear to be trying the Robin Hood"}, {"start": "00:09:38", "end": "00:09:42", "text": "playbook. Uh I've also had a source tell"}, {"start": "00:09:40", "end": "00:09:45", "text": "me that Arc understands how important it"}, {"start": "00:09:42", "end": "00:09:47", "text": "is to have trenchers on the chain early"}, {"start": "00:09:45", "end": "00:09:49", "text": "and is actively focused on making that"}, {"start": "00:09:47", "end": "00:09:52", "text": "happen. Essentially, they're borrowing a"}, {"start": "00:09:49", "end": "00:09:54", "text": "page from Robin Hood playbook. And I"}, {"start": "00:09:52", "end": "00:09:56", "text": "want to be super super clear about this."}, {"start": "00:09:54", "end": "00:09:57", "text": "This is a dig dig rabbit hole. This is a"}, {"start": "00:09:56", "end": "00:09:59", "text": "short-term adventure. I'm not rotating"}, {"start": "00:09:57", "end": "00:10:02", "text": "my core thesis away from Robin Hood,"}, {"start": "00:09:59", "end": "00:10:04", "text": "BNB, and Soul. I I and I generally"}, {"start": "00:10:02", "end": "00:10:05", "text": "believe that Robin Hood, BNB, Soul is"}, {"start": "00:10:04", "end": "00:10:08", "text": "where you want to concentrate your"}, {"start": "00:10:05", "end": "00:10:10", "text": "energy this cycle. Then he's saying, why"}, {"start": "00:10:08", "end": "00:10:12", "text": "am I touching ARC? And uh yeah, he's"}, {"start": "00:10:10", "end": "00:10:14", "text": "saying here that you can buy circle on"}, {"start": "00:10:12", "end": "00:10:17", "text": "Robin Hood, bridge, Robin Hood chain,"}, {"start": "00:10:14", "end": "00:10:18", "text": "this and that. Let's see guys. All in"}, {"start": "00:10:17", "end": "00:10:21", "text": "all, it is important for us to to pay"}, {"start": "00:10:18", "end": "00:10:24", "text": "attention just in case it explodes. Just"}, {"start": "00:10:21", "end": "00:10:26", "text": "in case. So, bridging a bit, having a"}, {"start": "00:10:24", "end": "00:10:28", "text": "bit there, derping around, larping"}, {"start": "00:10:26", "end": "00:10:30", "text": "around. Uh why not? Listen, it's bull"}, {"start": "00:10:28", "end": "00:10:32", "text": "market. If anything is in the bull"}, {"start": "00:10:30", "end": "00:10:35", "text": "market, you want to be derping around"}, {"start": "00:10:32", "end": "00:10:37", "text": "and uh larping around. Okay. [laughter]"}, {"start": "00:10:35", "end": "00:10:39", "text": "Okay. Very important. So, new chain, new"}, {"start": "00:10:37", "end": "00:10:41", "text": "launchpad, the bet is mechanical, fresh"}, {"start": "00:10:39", "end": "00:10:43", "text": "chain, live launchpad surface, trenches"}, {"start": "00:10:41", "end": "00:10:44", "text": "arriving, FOMO going live. That"}, {"start": "00:10:43", "end": "00:10:46", "text": "combination can create short-term"}, {"start": "00:10:44", "end": "00:10:49", "text": "money-making opportunities. There you"}, {"start": "00:10:46", "end": "00:10:54", "text": "go. So, you have uh by the way, USDC is"}, {"start": "00:10:49", "end": "00:10:55", "text": "used as gas uh for ARC, which is uh uh"}, {"start": "00:10:54", "end": "00:10:57", "text": "easy. I mean, you don't need another"}, {"start": "00:10:55", "end": "00:11:00", "text": "token. You're sending payment, you have"}, {"start": "00:10:57", "end": "00:11:02", "text": "USDC. Very, very nice. Uh also fully"}, {"start": "00:11:00", "end": "00:11:04", "text": "centralized, meaning that if they ban"}, {"start": "00:11:02", "end": "00:11:06", "text": "your address, you're banned. Uh but"}, {"start": "00:11:04", "end": "00:11:07", "text": "yeah, the trenchers are going to try to"}, {"start": "00:11:06", "end": "00:11:10", "text": "trench. They're going to try to make it"}, {"start": "00:11:07", "end": "00:11:12", "text": "a new thing. Um and here you have some"}, {"start": "00:11:10", "end": "00:11:14", "text": "of the uh coins that are that are"}, {"start": "00:11:12", "end": "00:11:17", "text": "relevant. Uh this guy is saying this is"}, {"start": "00:11:14", "end": "00:11:19", "text": "my um uh top list. You have to labs lock"}, {"start": "00:11:17", "end": "00:11:21", "text": "USDC pools real volume. So this seems to"}, {"start": "00:11:19", "end": "00:11:26", "text": "be yeah kind of like a launchpad for"}, {"start": "00:11:21", "end": "00:11:29", "text": "arc. Um then you have circle warp uh"}, {"start": "00:11:26", "end": "00:11:32", "text": "also launchpad on arc. Then you have"}, {"start": "00:11:29", "end": "00:11:34", "text": "tower exchange aggregator kind of like 1"}, {"start": "00:11:32", "end": "00:11:37", "text": "in I guess. Yeah native stable coin dex"}, {"start": "00:11:34", "end": "00:11:40", "text": "aggregator. Okay, stable swap. This is"}, {"start": "00:11:37", "end": "00:11:42", "text": "um for stable coin. Yeah, everything."}, {"start": "00:11:40", "end": "00:11:44", "text": "Defi for stable coin swapping, yield,"}, {"start": "00:11:42", "end": "00:11:46", "text": "etc., etc. Defi layer bridge. You can"}, {"start": "00:11:44", "end": "00:11:48", "text": "check this out. This is for all of you"}, {"start": "00:11:46", "end": "00:11:50", "text": "have extra time. If you are working 9"}, {"start": "00:11:48", "end": "00:11:52", "text": "to5, you have kids, you have job, this"}, {"start": "00:11:50", "end": "00:11:53", "text": "not for you. If you have no life, you"}, {"start": "00:11:52", "end": "00:11:56", "text": "can check it out. GFG, you can check it"}, {"start": "00:11:53", "end": "00:11:59", "text": "out. Okay? If you have big"}, {"start": "00:11:56", "end": "00:12:03", "text": "responsibility, big job, big family,"}, {"start": "00:11:59", "end": "00:12:05", "text": "focus on the core stuff, focus on the"}, {"start": "00:12:03", "end": "00:12:08", "text": "big stuff. This is more for you guys who"}, {"start": "00:12:05", "end": "00:12:11", "text": "are your brain is fried. You have a lot"}, {"start": "00:12:08", "end": "00:12:14", "text": "of time. [laughter] Okay. And and you"}, {"start": "00:12:11", "end": "00:12:15", "text": "want to take risk. That's that"}, {"start": "00:12:14", "end": "00:12:16", "text": "[clears throat] here. By the way, you"}, {"start": "00:12:15", "end": "00:12:20", "text": "can read more. Let's see if we missed"}, {"start": "00:12:16", "end": "00:12:22", "text": "something. Uh aka fun NFT token hybrid"}, {"start": "00:12:20", "end": "00:12:24", "text": "interest in how to size stick together."}, {"start": "00:12:22", "end": "00:12:26", "text": "I guess this is like on Robin Hood chain"}, {"start": "00:12:24", "end": "00:12:28", "text": "with this ston"}, {"start": "00:12:26", "end": "00:12:31", "text": "etc. Stons what is it? Stons I don't"}, {"start": "00:12:28", "end": "00:12:33", "text": "remember. Stons broker. Uh NFT fully on"}, {"start": "00:12:31", "end": "00:12:34", "text": "chain collection. Okay. Okay. some NFTs,"}, {"start": "00:12:33", "end": "00:12:36", "text": "this and that. Pom discovery, banana"}, {"start": "00:12:34", "end": "00:12:38", "text": "gun, bam, bam, bam. There we go. That's"}, {"start": "00:12:36", "end": "00:12:41", "text": "that, that's that, that's that with the"}, {"start": "00:12:38", "end": "00:12:45", "text": "arc chain. Uh, now we do have a new"}, {"start": "00:12:41", "end": "00:12:49", "text": "banger from Small Pee who is bringing to"}, {"start": "00:12:45", "end": "00:12:52", "text": "us a new saga, a new chapter of the saga"}, {"start": "00:12:49", "end": "00:12:55", "text": "where the final boss returns. This time"}, {"start": "00:12:52", "end": "00:12:59", "text": "we are in the fantasy universe,"}, {"start": "00:12:55", "end": "00:13:03", "text": "cinematic Ivan universe. Listen this."}, {"start": "00:12:59", "end": "00:13:03", "text": ">> You can't hide from this."}, {"start": "00:13:03", "end": "00:13:09", "text": ">> [music]"}, {"start": "00:13:04", "end": "00:13:09", "text": ">> You will not command me."}, {"start": "00:13:16", "end": "00:13:18", "text": "[music]"}, {"start": "00:13:26", "end": "00:13:28", "text": ">> [music]"}, {"start": "00:13:28", "end": "00:13:33", "text": ">> Damn you. Big shout out to small peep."}, {"start": "00:13:31", "end": "00:13:34", "text": "Big who is making all of this. I"}, {"start": "00:13:33", "end": "00:13:36", "text": "actually asked him today to do something"}, {"start": "00:13:34", "end": "00:13:37", "text": "with with Elizabeth Warren. Maybe we can"}, {"start": "00:13:36", "end": "00:13:40", "text": "do something, you know, maybe in Star"}, {"start": "00:13:37", "end": "00:13:43", "text": "Wars. Maybe something with Elizabeth"}, {"start": "00:13:40", "end": "00:13:45", "text": "Warren. So guys, that's the snapshot of"}, {"start": "00:13:43", "end": "00:13:47", "text": "Bitcoin. Bitcoin. Don't worry. Listen,"}, {"start": "00:13:45", "end": "00:13:49", "text": "don't worry too much. This all emotion"}, {"start": "00:13:47", "end": "00:13:51", "text": "emotional dudes. Don't worry too much."}, {"start": "00:13:49", "end": "00:13:53", "text": "Don't worry too much. Don't worry too"}, {"start": "00:13:51", "end": "00:13:56", "text": "much. Uh if there here are the scenarios"}, {"start": "00:13:53", "end": "00:13:59", "text": "for Bitcoin. Let me summarize. It goes"}, {"start": "00:13:56", "end": "00:14:01", "text": "up bullish. Uh it derps around here also"}, {"start": "00:13:59", "end": "00:14:03", "text": "bullish because it's the end of the"}, {"start": "00:14:01", "end": "00:14:04", "text": "bear. Uh let's say it goes into the buy"}, {"start": "00:14:03", "end": "00:14:05", "text": "zone. You buy more. It's also like"}, {"start": "00:14:04", "end": "00:14:07", "text": "everything is bullish. Everything is"}, {"start": "00:14:05", "end": "00:14:10", "text": "bullish. We're bullish since the 200 200"}, {"start": "00:14:07", "end": "00:14:12", "text": "week moving average. This uh white line."}, {"start": "00:14:10", "end": "00:14:14", "text": "It's the buy zone. We're bullish since"}, {"start": "00:14:12", "end": "00:14:16", "text": "the buy zone. Especially since it was"}, {"start": "00:14:14", "end": "00:14:18", "text": "below here the 200 week moving average."}, {"start": "00:14:16", "end": "00:14:19", "text": "Uh and we're even more bullish now that"}, {"start": "00:14:18", "end": "00:14:21", "text": "it's bull trend. So don't over"}, {"start": "00:14:19", "end": "00:14:23", "text": "complicate it. Don't uh you know don't"}, {"start": "00:14:21", "end": "00:14:25", "text": "don't cry. Don't cry. Please stop"}, {"start": "00:14:23", "end": "00:14:27", "text": "crying. Please uh you know change"}, {"start": "00:14:25", "end": "00:14:29", "text": "diaper."}, {"start": "00:14:27", "end": "00:14:30", "text": "Don't pee your bed. Here you should have"}, {"start": "00:14:29", "end": "00:14:33", "text": "done that here. You should have been"}, {"start": "00:14:30", "end": "00:14:36", "text": "scared here. Okay. October 8th. Just"}, {"start": "00:14:33", "end": "00:14:39", "text": "like we said right here. October 8th."}, {"start": "00:14:36", "end": "00:14:40", "text": "It's time to be risk off. Okay. Very"}, {"start": "00:14:39", "end": "00:14:42", "text": "important. Bear risk is increased. It"}, {"start": "00:14:40", "end": "00:14:44", "text": "was in October guys. It's last October"}, {"start": "00:14:42", "end": "00:14:47", "text": "not this October. Okay. So that's that"}, {"start": "00:14:44", "end": "00:14:51", "text": "in terms of um Bitcoin in terms of uh"}, {"start": "00:14:47", "end": "00:14:53", "text": "new dig with uh with arc uh you"}, {"start": "00:14:51", "end": "00:14:55", "text": "have clarity failed don't worry you have"}, {"start": "00:14:53", "end": "00:14:56", "text": "a rate potential rate hike also don't"}, {"start": "00:14:55", "end": "00:14:59", "text": "worry like there's nothing to worry"}, {"start": "00:14:56", "end": "00:15:02", "text": "about okay the only clarity you need is"}, {"start": "00:14:59", "end": "00:15:03", "text": "bitcoin but you know the only clarity"}, {"start": "00:15:02", "end": "00:15:05", "text": "you need is Ivan because only Ivan is"}, {"start": "00:15:03", "end": "00:15:07", "text": "giving you clarity you know bitcoin is"}, {"start": "00:15:05", "end": "00:15:09", "text": "bitcoin makes everyone emotionally"}, {"start": "00:15:07", "end": "00:15:12", "text": "nervous you know"}, {"start": "00:15:09", "end": "00:15:16", "text": "you know you you can you cannot have"}, {"start": "00:15:12", "end": "00:15:19", "text": "anyone here having any kind of calm as"}, {"start": "00:15:16", "end": "00:15:21", "text": "view of the market without us every day"}, {"start": "00:15:19", "end": "00:15:23", "text": "giving you the correct the correct the"}, {"start": "00:15:21", "end": "00:15:24", "text": "correct guidance and uh that's very"}, {"start": "00:15:23", "end": "00:15:26", "text": "important. Anyway guys, smash on the"}, {"start": "00:15:24", "end": "00:15:29", "text": "like. We're soon going to go into Q&A"}, {"start": "00:15:26", "end": "00:15:31", "text": "where uh where do we have DAB? He's here"}, {"start": "00:15:29", "end": "00:15:34", "text": "with us. Big shout to Dab for time"}, {"start": "00:15:31", "end": "00:15:36", "text": "stamping us today. Uh then also you have"}, {"start": "00:15:34", "end": "00:15:39", "text": "Grant Cardone coming out saying that if"}, {"start": "00:15:36", "end": "00:15:42", "text": "rates don't come down there will be"}, {"start": "00:15:39", "end": "00:15:45", "text": "problems of biblical proportions across"}, {"start": "00:15:42", "end": "00:15:47", "text": "banking as $1 trillion in debt is"}, {"start": "00:15:45", "end": "00:15:50", "text": "maturing this year and majority is held"}, {"start": "00:15:47", "end": "00:15:52", "text": "with banks. Okay. It's a buyer market"}, {"start": "00:15:50", "end": "00:15:54", "text": "with loan uh with loans maturing rents"}, {"start": "00:15:52", "end": "00:15:56", "text": "flat interest rate climbing for real"}, {"start": "00:15:54", "end": "00:15:59", "text": "estate. The current situation is very"}, {"start": "00:15:56", "end": "00:16:00", "text": "bad. Take courage but takes courage but"}, {"start": "00:15:59", "end": "00:16:02", "text": "this is where the big money is made."}, {"start": "00:16:00", "end": "00:16:04", "text": "Yeah. Uh, let's see what's going to"}, {"start": "00:16:02", "end": "00:16:06", "text": "happen with the real estates. But"}, {"start": "00:16:04", "end": "00:16:08", "text": "Bitcoin is better. Now is not the time"}, {"start": "00:16:06", "end": "00:16:10", "text": "to be in real estate. Not at all. Now"}, {"start": "00:16:08", "end": "00:16:11", "text": "it's time to be in crypto. Real estate."}, {"start": "00:16:10", "end": "00:16:12", "text": "What you going to do with real estate?"}, {"start": "00:16:11", "end": "00:16:14", "text": "How you going to move country with real"}, {"start": "00:16:12", "end": "00:16:16", "text": "estate? How you going to be? You're not"}, {"start": "00:16:14", "end": "00:16:18", "text": "a free person with real estate. You're"}, {"start": "00:16:16", "end": "00:16:20", "text": "anchored to your country with real"}, {"start": "00:16:18", "end": "00:16:21", "text": "estate. You're very much anchored. If"}, {"start": "00:16:20", "end": "00:16:24", "text": "you want to move, you have to sell. It"}, {"start": "00:16:21", "end": "00:16:26", "text": "takes time to sell. So it's too complex."}, {"start": "00:16:24", "end": "00:16:29", "text": "Ideally, for investment purposes, you"}, {"start": "00:16:26", "end": "00:16:30", "text": "want crypto. Now, for living purposes, I"}, {"start": "00:16:29", "end": "00:16:32", "text": "mean, up to you. If you have enough"}, {"start": "00:16:30", "end": "00:16:34", "text": "wealth then it doesn't matter. You can"}, {"start": "00:16:32", "end": "00:16:35", "text": "you can buy you can sell fast. But if"}, {"start": "00:16:34", "end": "00:16:37", "text": "money really matters to you like you"}, {"start": "00:16:35", "end": "00:16:40", "text": "know you buy real estate you really need"}, {"start": "00:16:37", "end": "00:16:42", "text": "it to go up or when you sell you you you"}, {"start": "00:16:40", "end": "00:16:44", "text": "really need to make a profit then it's"}, {"start": "00:16:42", "end": "00:16:46", "text": "it's not good. It's not if for living"}, {"start": "00:16:44", "end": "00:16:47", "text": "purpose. Okay. Okay. You can you can buy"}, {"start": "00:16:46", "end": "00:16:50", "text": "if you want to move you can sell fast."}, {"start": "00:16:47", "end": "00:16:53", "text": "If it's if you take a bit of a cut"}, {"start": "00:16:50", "end": "00:16:55", "text": "haircut it's okay. Uh so if you're rich"}, {"start": "00:16:53", "end": "00:16:57", "text": "you have freedom anyway. If you are not"}, {"start": "00:16:55", "end": "00:17:00", "text": "rich and you try to become rich, real"}, {"start": "00:16:57", "end": "00:17:03", "text": "estate, it's not the best. Not the best."}, {"start": "00:17:00", "end": "00:17:07", "text": "Aster, by the way, Aster also are"}, {"start": "00:17:03", "end": "00:17:09", "text": "looking into uh into"}, {"start": "00:17:07", "end": "00:17:11", "text": "uh ARC. U that's another many"}, {"start": "00:17:09", "end": "00:17:13", "text": "integrations now with ARC. Let's see if"}, {"start": "00:17:11", "end": "00:17:14", "text": "Dian can force it. I mean uh they"}, {"start": "00:17:13", "end": "00:17:18", "text": "they're trying to force it. They're"}, {"start": "00:17:14", "end": "00:17:19", "text": "trying to force trenching on ARC. We are"}, {"start": "00:17:18", "end": "00:17:21", "text": "we're not bearish. We're not bear. I"}, {"start": "00:17:19", "end": "00:17:23", "text": "mean, we're looking at it. We're there."}, {"start": "00:17:21", "end": "00:17:24", "text": "We're there. [laughter] Bridging a bit."}, {"start": "00:17:23", "end": "00:17:26", "text": "Let's bridge a bit. Let's see what's"}, {"start": "00:17:24", "end": "00:17:28", "text": "going to happen here. I will not call it"}, {"start": "00:17:26", "end": "00:17:31", "text": "corporate chain."}, {"start": "00:17:28", "end": "00:17:34", "text": "Well, I will I call it corporate chain,"}, {"start": "00:17:31", "end": "00:17:36", "text": "but it's bull market minus bull market."}, {"start": "00:17:34", "end": "00:17:38", "text": "Even if it's corporate chain, fantastic."}, {"start": "00:17:36", "end": "00:17:40", "text": "Fantastic. It's bull market. In bull"}, {"start": "00:17:38", "end": "00:17:43", "text": "market, you're bullish. You're bullish."}, {"start": "00:17:40", "end": "00:17:45", "text": "That's that."}, {"start": "00:17:43", "end": "00:17:47", "text": "Next, look here. Robin Hood. Robin Hood"}, {"start": "00:17:45", "end": "00:17:50", "text": "employees are getting charged. They're"}, {"start": "00:17:47", "end": "00:17:53", "text": "getting prosecuted. Why? because"}, {"start": "00:17:50", "end": "00:17:57", "text": "allegedly allegedly they did insider"}, {"start": "00:17:53", "end": "00:18:01", "text": "trading uh on u on Robin Hood. Yeah. So"}, {"start": "00:17:57", "end": "00:18:02", "text": "uh they uh knew something they knew some"}, {"start": "00:18:01", "end": "00:18:05", "text": "confidential information and then they"}, {"start": "00:18:02", "end": "00:18:08", "text": "traded on hyperlquid"}, {"start": "00:18:05", "end": "00:18:11", "text": "uh to adapt to to adapt their position"}, {"start": "00:18:08", "end": "00:18:14", "text": "before the market knows about this news."}, {"start": "00:18:11", "end": "00:18:19", "text": "Okay. So these people Hifu Chai and"}, {"start": "00:18:14", "end": "00:18:20", "text": "Huang Xang aka Jerry."}, {"start": "00:18:19", "end": "00:18:22", "text": "[laughter]"}, {"start": "00:18:20", "end": "00:18:25", "text": "Where's the western name? Hi, my name is"}, {"start": "00:18:22", "end": "00:18:27", "text": "Jerry. No. Okay. No, my name is Huang"}, {"start": "00:18:25", "end": "00:18:30", "text": "Song. No, it's Jerry. Okay. Okay. Jerry"}, {"start": "00:18:27", "end": "00:18:31", "text": "Jang with commodities fraud and wire"}, {"start": "00:18:30", "end": "00:18:33", "text": "fraud arising from scheme to"}, {"start": "00:18:31", "end": "00:18:36", "text": "misappropriate computational business"}, {"start": "00:18:33", "end": "00:18:37", "text": "business information. There we go. And"}, {"start": "00:18:36", "end": "00:18:40", "text": "use that information to trade perpetual"}, {"start": "00:18:37", "end": "00:18:43", "text": "futures on Hyperlquid. So yeah, guys, if"}, {"start": "00:18:40", "end": "00:18:44", "text": "you use Hyperlquid, they they're they're"}, {"start": "00:18:43", "end": "00:18:47", "text": "after you. They're after you. They can"}, {"start": "00:18:44", "end": "00:18:48", "text": "see everything. Uh Chai will be"}, {"start": "00:18:47", "end": "00:18:50", "text": "presented today in the Northern"}, {"start": "00:18:48", "end": "00:18:52", "text": "District. Yeah, there you go. There you"}, {"start": "00:18:50", "end": "00:18:54", "text": "go. So be careful if you work anywhere"}, {"start": "00:18:52", "end": "00:18:55", "text": "you have inside information. You have to"}, {"start": "00:18:54", "end": "00:18:57", "text": "be very very careful. You have to be"}, {"start": "00:18:55", "end": "00:19:00", "text": "follow the law otherwise you're going to"}, {"start": "00:18:57", "end": "00:19:02", "text": "get absolutely wrecked by federal"}, {"start": "00:19:00", "end": "00:19:07", "text": "prosecution. Look here guys. Anthropic"}, {"start": "00:19:02", "end": "00:19:09", "text": "reveals that Houthis these guys in Yemen"}, {"start": "00:19:07", "end": "00:19:11", "text": "that are attacking Saudi Arabia which"}, {"start": "00:19:09", "end": "00:19:13", "text": "which may lead to a bit of issue with"}, {"start": "00:19:11", "end": "00:19:18", "text": "oil in Europe because Saudi Arabia has"}, {"start": "00:19:13", "end": "00:19:22", "text": "paused now um shipments to Europe and"}, {"start": "00:19:18", "end": "00:19:25", "text": "basically Anthropic reveals that Hootis"}, {"start": "00:19:22", "end": "00:19:28", "text": "used Claude to vibe code guided missile"}, {"start": "00:19:25", "end": "00:19:30", "text": "software. That's yeah that's that's"}, {"start": "00:19:28", "end": "00:19:33", "text": "crazy. [laughter] That's crazy. That's"}, {"start": "00:19:30", "end": "00:19:36", "text": "crazy. That's crazy. Now, Anthropic did,"}, {"start": "00:19:33", "end": "00:19:39", "text": "I believe they did release a report,"}, {"start": "00:19:36", "end": "00:19:42", "text": "Anthropic report like AI misuse. I think"}, {"start": "00:19:39", "end": "00:19:45", "text": "they released a report"}, {"start": "00:19:42", "end": "00:19:49", "text": "uh of the different things people tried"}, {"start": "00:19:45", "end": "00:19:52", "text": "doing with Claude and maybe succeeded"}, {"start": "00:19:49", "end": "00:19:54", "text": "that they that they uh found. So,"}, {"start": "00:19:52", "end": "00:19:56", "text": "detecting and countering misuse of AI"}, {"start": "00:19:54", "end": "00:19:57", "text": "September 2026. So, you see here for"}, {"start": "00:19:56", "end": "00:19:59", "text": "example, you have surveillance"}, {"start": "00:19:57", "end": "00:20:01", "text": "operations. There was someone some"}, {"start": "00:19:59", "end": "00:20:03", "text": "people tried using cloud for"}, {"start": "00:20:01", "end": "00:20:05", "text": "surveillance. Uh these cases include"}, {"start": "00:20:03", "end": "00:20:08", "text": "threat actors from China, Iran, West"}, {"start": "00:20:05", "end": "00:20:12", "text": "Africa. Uh and um yeah, basically trying"}, {"start": "00:20:08", "end": "00:20:13", "text": "to use cloud to surveil in for in"}, {"start": "00:20:12", "end": "00:20:18", "text": "different ways. You can read more here."}, {"start": "00:20:13", "end": "00:20:20", "text": "Um yeah uh illicit distillation. This is"}, {"start": "00:20:18", "end": "00:20:23", "text": "another issue where Chinese are trying"}, {"start": "00:20:20", "end": "00:20:25", "text": "to steal the way Claude works by"}, {"start": "00:20:23", "end": "00:20:28", "text": "chatting to Claude and then train their"}, {"start": "00:20:25", "end": "00:20:30", "text": "own models on the way Claude works."}, {"start": "00:20:28", "end": "00:20:32", "text": "Basically, instead of teaching the model"}, {"start": "00:20:30", "end": "00:20:35", "text": "from scratch, you can ask an existing"}, {"start": "00:20:32", "end": "00:20:37", "text": "model questions and this is going to"}, {"start": "00:20:35", "end": "00:20:39", "text": "teach your model faster. Okay, this"}, {"start": "00:20:37", "end": "00:20:42", "text": "called distillation that you're trying"}, {"start": "00:20:39", "end": "00:20:44", "text": "to replicate a finished model by"}, {"start": "00:20:42", "end": "00:20:46", "text": "chatting with it and like training your"}, {"start": "00:20:44", "end": "00:20:49", "text": "own model by chatting with it. So that's"}, {"start": "00:20:46", "end": "00:20:52", "text": "that was another thing that they found."}, {"start": "00:20:49", "end": "00:20:56", "text": "U Xiaomi, what the hell? Xiaomi"}, {"start": "00:20:52", "end": "00:21:01", "text": "to make your vacuum cleaner nice. Xiaomi"}, {"start": "00:20:56", "end": "00:21:03", "text": "is trying to use this distillation"}, {"start": "00:21:01", "end": "00:21:04", "text": "uh and attacking Claude trying to now"}, {"start": "00:21:03", "end": "00:21:06", "text": "Claude themselves you can argue they"}, {"start": "00:21:04", "end": "00:21:08", "text": "stole everyone's data by scraping the"}, {"start": "00:21:06", "end": "00:21:11", "text": "internet so you know distillation this I"}, {"start": "00:21:08", "end": "00:21:13", "text": "have no problem I I I have no like you"}, {"start": "00:21:11", "end": "00:21:15", "text": "know on an ethical level moral level I"}, {"start": "00:21:13", "end": "00:21:17", "text": "have no problem with Chinese scraping"}, {"start": "00:21:15", "end": "00:21:19", "text": "distilling like take it all take it all"}, {"start": "00:21:17", "end": "00:21:20", "text": "open AI and cloud they took everyone's"}, {"start": "00:21:19", "end": "00:21:22", "text": "data from the internet so what's the"}, {"start": "00:21:20", "end": "00:21:23", "text": "issue what's the issue now Chinese take"}, {"start": "00:21:22", "end": "00:21:25", "text": "their data from their model okay what's"}, {"start": "00:21:23", "end": "00:21:28", "text": "the issue I I I know I don't feel bad"}, {"start": "00:21:25", "end": "00:21:31", "text": "for them. It's not like, you know, oh, a"}, {"start": "00:21:28", "end": "00:21:32", "text": "poor artist did a movie and now Chinese"}, {"start": "00:21:31", "end": "00:21:34", "text": "stole the movie or something, you know,"}, {"start": "00:21:32", "end": "00:21:35", "text": "that I can understand, man. You know,"}, {"start": "00:21:34", "end": "00:21:38", "text": "the artist, he did the movie long time,"}, {"start": "00:21:35", "end": "00:21:40", "text": "now Chinese. I I understand that. Or you"}, {"start": "00:21:38", "end": "00:21:43", "text": "have like brands building brand for a"}, {"start": "00:21:40", "end": "00:21:45", "text": "long time. Um, you know, like luxury"}, {"start": "00:21:43", "end": "00:21:46", "text": "brands and then China, they just copy"}, {"start": "00:21:45", "end": "00:21:48", "text": "everything and they make like fake."}, {"start": "00:21:46", "end": "00:21:50", "text": "Okay, that I can understand on a on an"}, {"start": "00:21:48", "end": "00:21:51", "text": "ethical level. I can understand this."}, {"start": "00:21:50", "end": "00:21:53", "text": "You know, this AI guys, I mean, they"}, {"start": "00:21:51", "end": "00:21:55", "text": "they took everyone's data. Now Chinese"}, {"start": "00:21:53", "end": "00:21:57", "text": "take their data. Okay, good, good, good,"}, {"start": "00:21:55", "end": "00:21:59", "text": "good. I almost feel bad for like Stack"}, {"start": "00:21:57", "end": "00:22:01", "text": "Overflow. All of these AI companies,"}, {"start": "00:21:59", "end": "00:22:04", "text": "they just scraped whole Stack Overflow."}, {"start": "00:22:01", "end": "00:22:05", "text": "Now, no one goes to Stack Overflow. If"}, {"start": "00:22:04", "end": "00:22:07", "text": "you want to develop, you know, you"}, {"start": "00:22:05", "end": "00:22:10", "text": "remember guys before you had an error,"}, {"start": "00:22:07", "end": "00:22:11", "text": "you Google it from the compiler, you"}, {"start": "00:22:10", "end": "00:22:13", "text": "copy, you Google it, you have Stack"}, {"start": "00:22:11", "end": "00:22:15", "text": "Overflow. Has anyone seen this issue?"}, {"start": "00:22:13", "end": "00:22:17", "text": "And then you can find answer some"}, {"start": "00:22:15", "end": "00:22:20", "text": "someone already gave you the answer"}, {"start": "00:22:17", "end": "00:22:24", "text": "before. So now no one no one is doing"}, {"start": "00:22:20", "end": "00:22:27", "text": "that. So AI you can say took the"}, {"start": "00:22:24", "end": "00:22:30", "text": "intelligence from us all from the"}, {"start": "00:22:27", "end": "00:22:31", "text": "internet they made the now Chinese take"}, {"start": "00:22:30", "end": "00:22:32", "text": "they take their yeah okay but anyway"}, {"start": "00:22:31", "end": "00:22:34", "text": "there there are there are all kinds of"}, {"start": "00:22:32", "end": "00:22:35", "text": "use cases here that are elicit"}, {"start": "00:22:34", "end": "00:22:38", "text": "conventional weapons let's see what they"}, {"start": "00:22:35", "end": "00:22:41", "text": "see you can read here uh something"}, {"start": "00:22:38", "end": "00:22:43", "text": "happened here uh then what what else did"}, {"start": "00:22:41", "end": "00:22:46", "text": "they find very interesting report by the"}, {"start": "00:22:43", "end": "00:22:49", "text": "way Russian espionage spying spying"}, {"start": "00:22:46", "end": "00:22:52", "text": "spying uh midnight yeah cyber pressure"}, {"start": "00:22:49", "end": "00:22:53", "text": "Oh, the most commonly recurring targets"}, {"start": "00:22:52", "end": "00:22:55", "text": "were members of the Ukrainian"}, {"start": "00:22:53", "end": "00:22:57", "text": "government, military, diplomatic staff."}, {"start": "00:22:55", "end": "00:23:01", "text": "Um, oh yeah, there was also one thing"}, {"start": "00:22:57", "end": "00:23:03", "text": "they wrote here with um uh biological"}, {"start": "00:23:01", "end": "00:23:07", "text": "misuse. This one is serious, but when it"}, {"start": "00:23:03", "end": "00:23:10", "text": "comes to cyber crime, they used Claude"}, {"start": "00:23:07", "end": "00:23:13", "text": "in order to monitor the fixes of"}, {"start": "00:23:10", "end": "00:23:14", "text": "viruses. So when there's like a new news"}, {"start": "00:23:13", "end": "00:23:16", "text": "release or some kind of new announcement"}, {"start": "00:23:14", "end": "00:23:19", "text": "online that some virus has been fixed,"}, {"start": "00:23:16", "end": "00:23:21", "text": "Claude in real time would then alter the"}, {"start": "00:23:19", "end": "00:23:23", "text": "virus, improve the virus and release it"}, {"start": "00:23:21", "end": "00:23:25", "text": "live basically. So it's like you know"}, {"start": "00:23:23", "end": "00:23:27", "text": "real time that you monitor the news then"}, {"start": "00:23:25", "end": "00:23:29", "text": "you fix the virus in real time and yeah"}, {"start": "00:23:27", "end": "00:23:31", "text": "anthropic saw it they shut it down and"}, {"start": "00:23:29", "end": "00:23:32", "text": "included in the report. Then this one is"}, {"start": "00:23:31", "end": "00:23:35", "text": "more scary because there's also"}, {"start": "00:23:32", "end": "00:23:38", "text": "biological misuse which is one of the"}, {"start": "00:23:35", "end": "00:23:41", "text": "most serious risk risks of frontier AI"}, {"start": "00:23:38", "end": "00:23:43", "text": "models. So yeah, the results from from"}, {"start": "00:23:41", "end": "00:23:45", "text": "evaluations of older model models"}, {"start": "00:23:43", "end": "00:23:47", "text": "clearly showed that these models were"}, {"start": "00:23:45", "end": "00:23:49", "text": "well below the threshold. Okay. Okay."}, {"start": "00:23:47", "end": "00:23:51", "text": "Okay. So what happened today? Such"}, {"start": "00:23:49", "end": "00:23:52", "text": "evidence of real world potential misuse"}, {"start": "00:23:51", "end": "00:23:54", "text": "comes from academic research government"}, {"start": "00:23:52", "end": "00:23:58", "text": "reports. So what happened? What"}, {"start": "00:23:54", "end": "00:24:00", "text": "happened? Uh AI for example. Okay. Okay."}, {"start": "00:23:58", "end": "00:24:01", "text": "Okay. Okay."}, {"start": "00:24:00", "end": "00:24:04", "text": "Anyway, you you can read here. Someone"}, {"start": "00:24:01", "end": "00:24:06", "text": "is trying to do some"}, {"start": "00:24:04", "end": "00:24:07", "text": "Yeah. Yeah. Anyway, that's that. Oh"}, {"start": "00:24:06", "end": "00:24:10", "text": "yeah. Case study. Case study. Maybe he"}, {"start": "00:24:07", "end": "00:24:12", "text": "has said innovation."}, {"start": "00:24:10", "end": "00:24:14", "text": "Anyway, that's okay guys. Let's go to"}, {"start": "00:24:12", "end": "00:24:16", "text": "Q&A. So, why are we covering AI? Because"}, {"start": "00:24:14", "end": "00:24:18", "text": "AI is a big market. It's a very very big"}, {"start": "00:24:16", "end": "00:24:20", "text": "market. Should AI have some kind of, you"}, {"start": "00:24:18", "end": "00:24:22", "text": "know, binding? Should AI have some kind"}, {"start": "00:24:20", "end": "00:24:24", "text": "of restriction on it? Uh it's going to"}, {"start": "00:24:22", "end": "00:24:26", "text": "affect the AI stocks directly. A lot of"}, {"start": "00:24:24", "end": "00:24:28", "text": "AI stocks are already in bare trend. Uh"}, {"start": "00:24:26", "end": "00:24:32", "text": "whether it's Intel, whether it is AMU,"}, {"start": "00:24:28", "end": "00:24:34", "text": "whether it is Marvel, whether it is uh"}, {"start": "00:24:32", "end": "00:24:36", "text": "AMD actually still bull trend. But you"}, {"start": "00:24:34", "end": "00:24:38", "text": "know once they enter bare trend, it's"}, {"start": "00:24:36", "end": "00:24:40", "text": "hard to exit. The only exception I think"}, {"start": "00:24:38", "end": "00:24:41", "text": "Nvidia exited it. Yeah, Nvidia actually"}, {"start": "00:24:40", "end": "00:24:42", "text": "exited and went into bull. But let's see"}, {"start": "00:24:41", "end": "00:24:45", "text": "how long it holds. It's just chopped"}, {"start": "00:24:42", "end": "00:24:47", "text": "now. It's just chopped now. So AI has a"}, {"start": "00:24:45", "end": "00:24:48", "text": "lot of pressure on it. Has a lot of"}, {"start": "00:24:47", "end": "00:24:50", "text": "pressure. A lot of pressure when it"}, {"start": "00:24:48", "end": "00:24:52", "text": "comes. I mean just the the heaviness in"}, {"start": "00:24:50", "end": "00:24:54", "text": "the chart. Many charts are super heavy"}, {"start": "00:24:52", "end": "00:24:56", "text": "and entered bare trend. They tried going"}, {"start": "00:24:54", "end": "00:24:58", "text": "bull but rejected, rejected, rejected."}, {"start": "00:24:56", "end": "00:25:00", "text": "That's number one. Also political"}, {"start": "00:24:58", "end": "00:25:02", "text": "uncertainty with this reports coming out"}, {"start": "00:25:00", "end": "00:25:04", "text": "that AI is used for all kinds of stuff."}, {"start": "00:25:02", "end": "00:25:07", "text": "There's a big political uncertainty"}, {"start": "00:25:04", "end": "00:25:09", "text": "around AI. um whether it's going to be"}, {"start": "00:25:07", "end": "00:25:12", "text": "banned or not banned, how it's going to"}, {"start": "00:25:09", "end": "00:25:15", "text": "be regulated. And Bitcoin in the"}, {"start": "00:25:12", "end": "00:25:17", "text": "meanwhile is still just in the beginning"}, {"start": "00:25:15", "end": "00:25:19", "text": "of a new bull trend. It even went below"}, {"start": "00:25:17", "end": "00:25:21", "text": "the bull flip. It's such cheap nice"}, {"start": "00:25:19", "end": "00:25:24", "text": "price here. It was 200 moving average,"}, {"start": "00:25:21", "end": "00:25:27", "text": "even cheaper. So all in all, crypto is"}, {"start": "00:25:24", "end": "00:25:30", "text": "the next big micro trade. It is the"}, {"start": "00:25:27", "end": "00:25:32", "text": "biggest most important micro trade."}, {"start": "00:25:30", "end": "00:25:35", "text": "Don't over complicate it. Don't over"}, {"start": "00:25:32", "end": "00:25:36", "text": "complicate it. And uh yeah, that's it"}, {"start": "00:25:35", "end": "00:25:41", "text": "guys. Let's go to Q&A questions,"}, {"start": "00:25:36", "end": "00:25:41", "text": "answers, debates, discussions. Let's go."}, {"start": "00:25:42", "end": "00:25:48", "text": "Archain has 11 uh yo yo quantum uh"}, {"start": "00:25:45", "end": "00:25:49", "text": "Archain has 11 validators."}, {"start": "00:25:48", "end": "00:25:51", "text": "Black Rockck, Mastercard, Visa,"}, {"start": "00:25:49", "end": "00:25:53", "text": "Moneygram. Yeah. Yeah. So, normally we"}, {"start": "00:25:51", "end": "00:25:55", "text": "would be saying it's a it's a uh"}, {"start": "00:25:53", "end": "00:25:56", "text": "corporate chain which we said already. I"}, {"start": "00:25:55", "end": "00:25:59", "text": "mean obviously it's super centralized."}, {"start": "00:25:56", "end": "00:26:01", "text": "The gas token on the chain is USDC which"}, {"start": "00:25:59", "end": "00:26:04", "text": "is fully centralized. [laughter] So"}, {"start": "00:26:01", "end": "00:26:06", "text": "literally like they can they can ban you"}, {"start": "00:26:04", "end": "00:26:07", "text": "from using the chain because you cannot"}, {"start": "00:26:06", "end": "00:26:09", "text": "use USDC. They can decide that you"}, {"start": "00:26:07", "end": "00:26:11", "text": "cannot use USDC. Obviously it's super"}, {"start": "00:26:09", "end": "00:26:13", "text": "centralized but that's not what we're"}, {"start": "00:26:11", "end": "00:26:15", "text": "talking about. We're talking that Dian"}, {"start": "00:26:13", "end": "00:26:18", "text": "are still forcing some kind of meme"}, {"start": "00:26:15", "end": "00:26:22", "text": "season there and Arcchain they seem to"}, {"start": "00:26:18", "end": "00:26:24", "text": "be willing to do that as well and u and"}, {"start": "00:26:22", "end": "00:26:26", "text": "uh you can participate and that's it."}, {"start": "00:26:24", "end": "00:26:28", "text": "Okay. If you for ideological reason"}, {"start": "00:26:26", "end": "00:26:29", "text": "don't want to participate it's fine man."}, {"start": "00:26:28", "end": "00:26:31", "text": "I mean no one is forcing you. No one is"}, {"start": "00:26:29", "end": "00:26:34", "text": "forcing you. But it's important to keep"}, {"start": "00:26:31", "end": "00:26:36", "text": "ideology away from the gains here. Okay?"}, {"start": "00:26:34", "end": "00:26:38", "text": "In the"}, {"start": "00:26:36", "end": "00:26:41", "text": "in the bull market, we keep it away from"}, {"start": "00:26:38", "end": "00:26:43", "text": "the ideology and making we're here to"}, {"start": "00:26:41", "end": "00:26:44", "text": "make money, guys. Whether it's corporate"}, {"start": "00:26:43", "end": "00:26:45", "text": "chain, not corporate, of course, it's"}, {"start": "00:26:44", "end": "00:26:46", "text": "corporate chain, man. Robin Hood is also"}, {"start": "00:26:45", "end": "00:26:48", "text": "corporate. It's all all freaking"}, {"start": "00:26:46", "end": "00:26:51", "text": "corporate chains. I like Solana the"}, {"start": "00:26:48", "end": "00:26:53", "text": "most. I like Solana the most. Anyway,"}, {"start": "00:26:51", "end": "00:26:54", "text": "they're all corporate chains. Okay?"}, {"start": "00:26:53", "end": "00:26:57", "text": "Still, you can make money. Still you can"}, {"start": "00:26:54", "end": "00:27:00", "text": "profit. Still you can squeeze the bull."}, {"start": "00:26:57", "end": "00:27:01", "text": "So we're going to be squeezing the bull."}, {"start": "00:27:00", "end": "00:27:03", "text": "Ideology is like in in the bare market."}, {"start": "00:27:01", "end": "00:27:05", "text": "You can tell me about ide let's let's"}, {"start": "00:27:03", "end": "00:27:08", "text": "discuss ideology in bear. In bull we're"}, {"start": "00:27:05", "end": "00:27:10", "text": "here to profit. Our ideology is how much"}, {"start": "00:27:08", "end": "00:27:12", "text": "profit we capture here. Extremely"}, {"start": "00:27:10", "end": "00:27:14", "text": "important. Very very important. And if"}, {"start": "00:27:12", "end": "00:27:16", "text": "you don't want to miss any opportunities"}, {"start": "00:27:14", "end": "00:27:19", "text": "for that for the big fat profit you go"}, {"start": "00:27:16", "end": "00:27:20", "text": "to bullman newsletter second link in"}, {"start": "00:27:19", "end": "00:27:23", "text": "description right now. Enter your email"}, {"start": "00:27:20", "end": "00:27:26", "text": "here. Number two for exchange starter"}, {"start": "00:27:23", "end": "00:27:28", "text": "pack. Go to exchanges I use. Enter your"}, {"start": "00:27:26", "end": "00:27:30", "text": "email. I'll be sending you all of our"}, {"start": "00:27:28", "end": "00:27:33", "text": "deals with Khip Pionex. They're going to"}, {"start": "00:27:30", "end": "00:27:35", "text": "get like a nice starter pack email with"}, {"start": "00:27:33", "end": "00:27:37", "text": "all of it. And whenever we have a new"}, {"start": "00:27:35", "end": "00:27:39", "text": "deal with a new exchange because we're"}, {"start": "00:27:37", "end": "00:27:41", "text": "negotiating, we're negotiating heavy"}, {"start": "00:27:39", "end": "00:27:43", "text": "with all of them. We're telling them"}, {"start": "00:27:41", "end": "00:27:46", "text": "give us big discount, bigger, we want"}, {"start": "00:27:43", "end": "00:27:49", "text": "bigger discount. So if you want to get"}, {"start": "00:27:46", "end": "00:27:52", "text": "the fruits of my labor, of my"}, {"start": "00:27:49", "end": "00:27:53", "text": "negotiations, you go to exchange starter"}, {"start": "00:27:52", "end": "00:27:58", "text": "pack also. Okay, very important. Very"}, {"start": "00:27:53", "end": "00:27:58", "text": "important. So that's that"}, {"start": "00:28:12", "end": "00:28:15", "text": "how to buy arc chain. I mean my"}, {"start": "00:28:13", "end": "00:28:18", "text": "understanding is that uh you buy stuff"}, {"start": "00:28:15", "end": "00:28:20", "text": "on arcchain. Their coin is USDC. Okay."}, {"start": "00:28:18", "end": "00:28:22", "text": "Okay, so you can it's not like you can"}, {"start": "00:28:20", "end": "00:28:24", "text": "buy soul, but you can be on Arc Chain"}, {"start": "00:28:22", "end": "00:28:26", "text": "and you can buy different things on top"}, {"start": "00:28:24", "end": "00:28:28", "text": "of Arc chain. Go back because we"}, {"start": "00:28:26", "end": "00:28:31", "text": "discussed a few of these projects in in"}, {"start": "00:28:28", "end": "00:28:35", "text": "the stream. I showed you a few of them."}, {"start": "00:28:31", "end": "00:28:35", "text": "Go back to that section about Arc"}, {"start": "00:28:38", "end": "00:28:44", "text": "when banana banana is coming is coming."}, {"start": "00:28:41", "end": "00:28:46", "text": "Banana coming very importantly. Uh but"}, {"start": "00:28:44", "end": "00:28:49", "text": "just like here you see in the last bear"}, {"start": "00:28:46", "end": "00:28:51", "text": "what did we see? We see last bar end."}, {"start": "00:28:49", "end": "00:28:53", "text": "Boop. A bit of sideways, a bit of"}, {"start": "00:28:51", "end": "00:28:55", "text": "volatility. Even went below here. It"}, {"start": "00:28:53", "end": "00:28:58", "text": "went below. Here it went quite a lot"}, {"start": "00:28:55", "end": "00:28:59", "text": "below the the the flip and then continue"}, {"start": "00:28:58", "end": "00:29:00", "text": "to the upside. Now, of course,"}, {"start": "00:28:59", "end": "00:29:02", "text": "[clears throat]"}, {"start": "00:29:00", "end": "00:29:04", "text": "mark markets are probabilistic. Anything"}, {"start": "00:29:02", "end": "00:29:05", "text": "can happen. Maybe it goes to zero. Who"}, {"start": "00:29:04", "end": "00:29:06", "text": "the hell knows? If it goes to zero, we"}, {"start": "00:29:05", "end": "00:29:09", "text": "have stop loss. We have stop loss. Is"}, {"start": "00:29:06", "end": "00:29:11", "text": "okay. But you go here a bit lower."}, {"start": "00:29:09", "end": "00:29:13", "text": "Bullish, bullish, bullish, bullish."}, {"start": "00:29:11", "end": "00:29:14", "text": "That's it. It goes to zero, you have"}, {"start": "00:29:13", "end": "00:29:16", "text": "stop loss, you're out. You're good"}, {"start": "00:29:14", "end": "00:29:18", "text": "anyway. That's it. That's it. Maybe it"}, {"start": "00:29:16", "end": "00:29:19", "text": "goes to zero. or who the hell knows."}, {"start": "00:29:18", "end": "00:29:22", "text": "We're here to make bets. We're here to"}, {"start": "00:29:19", "end": "00:29:22", "text": "make bets."}, {"start": "00:29:23", "end": "00:29:31", "text": "And my bet is bullish."}, {"start": "00:29:27", "end": "00:29:31", "text": "It's bullish. That's it."}, {"start": "00:29:32", "end": "00:29:39", "text": "Aster perex on BNB decide to postpone"}, {"start": "00:29:35", "end": "00:29:39", "text": "token unlock by another year."}, {"start": "00:29:41", "end": "00:29:47", "text": "I don't know if if um there was another"}, {"start": "00:29:44", "end": "00:29:50", "text": "project that did that. Maybe you're"}, {"start": "00:29:47", "end": "00:29:52", "text": "you're confusing, but but um it's it's"}, {"start": "00:29:50", "end": "00:29:54", "text": "not Aster. It's not there's I know which"}, {"start": "00:29:52", "end": "00:29:56", "text": "project it is that decided to postpone"}, {"start": "00:29:54", "end": "00:29:59", "text": "the unlocks, but it's not Aster."}, {"start": "00:29:56", "end": "00:30:01", "text": "There was news about a project yesterday"}, {"start": "00:29:59", "end": "00:30:04", "text": "that postponed the unlocks. It was not"}, {"start": "00:30:01", "end": "00:30:06", "text": "Aster. It's another one. Or maybe Aster"}, {"start": "00:30:04", "end": "00:30:07", "text": "also did it, but but the one that you"}, {"start": "00:30:06", "end": "00:30:10", "text": "know got a bit of attention yesterday is"}, {"start": "00:30:07", "end": "00:30:11", "text": "not Aster. It's not Aster."}, {"start": "00:30:10", "end": "00:30:14", "text": "But I'm actually fine with it because"}, {"start": "00:30:11", "end": "00:30:17", "text": "I'm I know it because I'm one of the"}, {"start": "00:30:14", "end": "00:30:21", "text": "investors and I'm fine with it. I'm fine"}, {"start": "00:30:17", "end": "00:30:23", "text": "with it. It's down 99% anyway."}, {"start": "00:30:21", "end": "00:30:25", "text": "You know, [laughter] I already wrote it"}, {"start": "00:30:23", "end": "00:30:27", "text": "off and now they're going to Okay, maybe"}, {"start": "00:30:25", "end": "00:30:29", "text": "they can pump it for you. They have one"}, {"start": "00:30:27", "end": "00:30:31", "text": "year to pump it. Okay, now you know what"}, {"start": "00:30:29", "end": "00:30:33", "text": "we're going to do. It's down 99 or"}, {"start": "00:30:31", "end": "00:30:35", "text": "something. So yeah, but it's not Aster."}, {"start": "00:30:33", "end": "00:30:37", "text": "It's not Aster. If if Aster also did not"}, {"start": "00:30:35", "end": "00:30:40", "text": "do it yesterday, which I don't think"}, {"start": "00:30:37", "end": "00:30:40", "text": "they did."}, {"start": "00:30:40", "end": "00:30:44", "text": "Yeah, but we're not going to within"}, {"start": "00:30:42", "end": "00:30:47", "text": "these things. I don't want to name and"}, {"start": "00:30:44", "end": "00:30:50", "text": "shame because for the trader like for"}, {"start": "00:30:47", "end": "00:30:53", "text": "the community it's better. It's just us,"}, {"start": "00:30:50", "end": "00:30:55", "text": "you know, the the early early"}, {"start": "00:30:53", "end": "00:30:57", "text": "supporters, we get wrecked. Everyone"}, {"start": "00:30:55", "end": "00:31:00", "text": "else is better for everyone else. So"}, {"start": "00:30:57", "end": "00:31:03", "text": "that's why I don't want to to to you"}, {"start": "00:31:00", "end": "00:31:05", "text": "know point them out because for normal"}, {"start": "00:31:03", "end": "00:31:06", "text": "traders is better is better. So it's not"}, {"start": "00:31:05", "end": "00:31:09", "text": "like, you know, some kind of warning"}, {"start": "00:31:06", "end": "00:31:11", "text": "just for early supporters. Okay, we have"}, {"start": "00:31:09", "end": "00:31:13", "text": "to wait another one, another year,"}, {"start": "00:31:11", "end": "00:31:14", "text": "another year. Okay, but it's down"}, {"start": "00:31:13", "end": "00:31:17", "text": "anyway. You know, it's sat down so much."}, {"start": "00:31:14", "end": "00:31:19", "text": "So it's I I kind of forgot about it to"}, {"start": "00:31:17", "end": "00:31:19", "text": "be fair. [laughter]"}, {"start": "00:31:22", "end": "00:31:27", "text": "Actually, you know, the ICOs in this"}, {"start": "00:31:24", "end": "00:31:31", "text": "last cycle, they were so bad."}, {"start": "00:31:27", "end": "00:31:33", "text": "I think net net I'm not sure I made"}, {"start": "00:31:31", "end": "00:31:36", "text": "money in any of the early projects in"}, {"start": "00:31:33", "end": "00:31:39", "text": "the last cycle. Because it's I think"}, {"start": "00:31:36", "end": "00:31:42", "text": "these things they go they go like they"}, {"start": "00:31:39", "end": "00:31:45", "text": "they go bad good bad good because in the"}, {"start": "00:31:42", "end": "00:31:47", "text": "cycle before that you remember 2022 holy"}, {"start": "00:31:45", "end": "00:31:49", "text": "crap there were many good projects new"}, {"start": "00:31:47", "end": "00:31:52", "text": "you know they pumped so much it was"}, {"start": "00:31:49", "end": "00:31:56", "text": "craziness craziness but then the last"}, {"start": "00:31:52", "end": "00:31:58", "text": "cycle in sorry when it was good it was"}, {"start": "00:31:56", "end": "00:32:01", "text": "2020 that that's when it was good like"}, {"start": "00:31:58", "end": "00:32:04", "text": "that cycle that ended 2021 that uh those"}, {"start": "00:32:01", "end": "00:32:08", "text": "ones were good new projects and then uh"}, {"start": "00:32:04", "end": "00:32:10", "text": "yeah in 2022 2023 all of them I think"}, {"start": "00:32:08", "end": "00:32:13", "text": "it's just that they knew that there's a"}, {"start": "00:32:10", "end": "00:32:14", "text": "lot of interest for new projects so they"}, {"start": "00:32:13", "end": "00:32:17", "text": "didn't do too much effort they could"}, {"start": "00:32:14", "end": "00:32:20", "text": "raise anyway they had you know attention"}, {"start": "00:32:17", "end": "00:32:22", "text": "anyway and then yeah most of them did"}, {"start": "00:32:20", "end": "00:32:24", "text": "not do too much okay now maybe it's"}, {"start": "00:32:22", "end": "00:32:25", "text": "going to be good again because now no"}, {"start": "00:32:24", "end": "00:32:28", "text": "one expects new projects to do to do"}, {"start": "00:32:25", "end": "00:32:30", "text": "well in this you know ICOs and all of"}, {"start": "00:32:28", "end": "00:32:32", "text": "that so yeah let's see let's see what's"}, {"start": "00:32:30", "end": "00:32:32", "text": "going to"}, {"start": "00:32:34", "end": "00:32:39", "text": "Maybe real bull starts today after the"}, {"start": "00:32:36", "end": "00:32:43", "text": "Fed decision. It could I mean listen if"}, {"start": "00:32:39", "end": "00:32:45", "text": "it's bearish and the Bitcoin holds"}, {"start": "00:32:43", "end": "00:32:47", "text": "if they so if they increase rates and"}, {"start": "00:32:45", "end": "00:32:49", "text": "Bitcoin holds at like you know where"}, {"start": "00:32:47", "end": "00:32:52", "text": "it's now it's very bullish. I mean that"}, {"start": "00:32:49", "end": "00:32:54", "text": "in itself could be a catalyst"}, {"start": "00:32:52", "end": "00:32:55", "text": "because the market sees that nothing can"}, {"start": "00:32:54", "end": "00:32:57", "text": "dump Bitcoin. I mean you increase rates"}, {"start": "00:32:55", "end": "00:33:00", "text": "we still pump. You understand? [snorts]"}, {"start": "00:32:57", "end": "00:33:01", "text": "You have no clarity. We still here at 75"}, {"start": "00:33:00", "end": "00:33:03", "text": "76. You know what you going to do more?"}, {"start": "00:33:01", "end": "00:33:05", "text": "What you going to do more? What you"}, {"start": "00:33:03", "end": "00:33:07", "text": "going to do? What more? What more? Rate"}, {"start": "00:33:05", "end": "00:33:09", "text": "hike. Bam. We don't we don't dump. Uh"}, {"start": "00:33:07", "end": "00:33:10", "text": "clarity. No clarity. Okay. We don't"}, {"start": "00:33:09", "end": "00:33:15", "text": "dump. What more? What more you can throw"}, {"start": "00:33:10", "end": "00:33:15", "text": "at us? Okay. So, yeah."}, {"start": "00:33:17", "end": "00:33:24", "text": "So, rate hike in itself could be"}, {"start": "00:33:20", "end": "00:33:24", "text": "bullish. Yes. Could bullish."}, {"start": "00:33:28", "end": "00:33:33", "text": "Sena prediction. Let's see. Sana, what's"}, {"start": "00:33:30", "end": "00:33:35", "text": "Sana doing?"}, {"start": "00:33:33", "end": "00:33:38", "text": "So, bull trend very very nice. Uh did"}, {"start": "00:33:35", "end": "00:33:41", "text": "retrace here a bit still a bit above the"}, {"start": "00:33:38", "end": "00:33:43", "text": "the flip. In terms of um what it can do,"}, {"start": "00:33:41", "end": "00:33:44", "text": "I don't like like predicting know what"}, {"start": "00:33:43", "end": "00:33:46", "text": "it can do. I think it's going to go to"}, {"start": "00:33:44", "end": "00:33:49", "text": "alltime high here at 300. So, that's a"}, {"start": "00:33:46", "end": "00:33:52", "text": "3x from here in the coming time horizon"}, {"start": "00:33:49", "end": "00:33:54", "text": "probably the coming 12 months."}, {"start": "00:33:52", "end": "00:33:56", "text": "Then whether it's going to go to 500 or"}, {"start": "00:33:54", "end": "00:33:58", "text": "a,000. Let's just see when the"}, {"start": "00:33:56", "end": "00:34:00", "text": "ends. Okay. Uh, as long as it's bullish,"}, {"start": "00:33:58", "end": "00:34:02", "text": "it could go I mean, for for what I care"}, {"start": "00:34:00", "end": "00:34:03", "text": "about, it could go to a thousand. If it"}, {"start": "00:34:02", "end": "00:34:06", "text": "goes bare trend before that, I will be"}, {"start": "00:34:03", "end": "00:34:08", "text": "bearish. That's it. Now, it's time to be"}, {"start": "00:34:06", "end": "00:34:09", "text": "bullish. In bull trend, you're bullish."}, {"start": "00:34:08", "end": "00:34:11", "text": "You're not bearish in bull trend. You"}, {"start": "00:34:09", "end": "00:34:13", "text": "don't want to be bearish bullsh that's"}, {"start": "00:34:11", "end": "00:34:16", "text": "very bad. You want to be bullish."}, {"start": "00:34:13", "end": "00:34:18", "text": " It's so simple, but you know,"}, {"start": "00:34:16", "end": "00:34:20", "text": "even now, like now is a good example"}, {"start": "00:34:18", "end": "00:34:21", "text": "where it's so simple yet so hard. That's"}, {"start": "00:34:20", "end": "00:34:24", "text": "why in Bulmania, you know, people really"}, {"start": "00:34:21", "end": "00:34:26", "text": "love the one ones because all of their"}, {"start": "00:34:24", "end": "00:34:28", "text": "brain they really have like everyone in"}, {"start": "00:34:26", "end": "00:34:30", "text": "crypto if you're if you're if you have"}, {"start": "00:34:28", "end": "00:34:32", "text": "not been in Bulmania or you know"}, {"start": "00:34:30", "end": "00:34:35", "text": "somewhere else where you get 101 help"}, {"start": "00:34:32", "end": "00:34:36", "text": "your brain is like cooked. You have so"}, {"start": "00:34:35", "end": "00:34:38", "text": "many bad ideas and so many bad"}, {"start": "00:34:36", "end": "00:34:41", "text": "understanding so many bad conceptions"}, {"start": "00:34:38", "end": "00:34:43", "text": "preconceived notions of what things are"}, {"start": "00:34:41", "end": "00:34:44", "text": "like we really have to reconstruct your"}, {"start": "00:34:43", "end": "00:34:46", "text": "brain from scratch. That's very"}, {"start": "00:34:44", "end": "00:34:48", "text": "important part of bullmay this one one"}, {"start": "00:34:46", "end": "00:34:52", "text": "approach we have but now for example is"}, {"start": "00:34:48", "end": "00:34:54", "text": "a very good uh uh good demonstration of"}, {"start": "00:34:52", "end": "00:34:57", "text": "it demonstration of it where keeping"}, {"start": "00:34:54", "end": "00:34:58", "text": "emotion in check in this situation is"}, {"start": "00:34:57", "end": "00:35:00", "text": "for people it's very hard even though"}, {"start": "00:34:58", "end": "00:35:02", "text": "it's a year through the bear even though"}, {"start": "00:35:00", "end": "00:35:04", "text": "we did bounce from the 200 moving"}, {"start": "00:35:02", "end": "00:35:07", "text": "average you know so so so many things"}, {"start": "00:35:04", "end": "00:35:09", "text": "pointing bullish still is hard you"}, {"start": "00:35:07", "end": "00:35:11", "text": "understand so that's why most people"}, {"start": "00:35:09", "end": "00:35:13", "text": "they think they can go through they can"}, {"start": "00:35:11", "end": "00:35:15", "text": "go throughout this bull alone but they"}, {"start": "00:35:13", "end": "00:35:16", "text": "can't they can't because their brain is"}, {"start": "00:35:15", "end": "00:35:18", "text": "going to wreck them. So, yeah, I mean,"}, {"start": "00:35:16", "end": "00:35:19", "text": "you are your own own worst enemy. That's"}, {"start": "00:35:18", "end": "00:35:22", "text": "why I'm telling you, you know, join Bull"}, {"start": "00:35:19", "end": "00:35:24", "text": "Mania as soon as possible before you"}, {"start": "00:35:22", "end": "00:35:25", "text": "wreck yourself because even in bull,"}, {"start": "00:35:24", "end": "00:35:27", "text": "you're going to wreck yourself. You have"}, {"start": "00:35:25", "end": "00:35:29", "text": "a uh a a pattern, if you're really"}, {"start": "00:35:27", "end": "00:35:31", "text": "honest with yourself, you have a pattern"}, {"start": "00:35:29", "end": "00:35:33", "text": "of self-destructive behaviors in the"}, {"start": "00:35:31", "end": "00:35:34", "text": "markets. That's exactly what you have."}, {"start": "00:35:33", "end": "00:35:35", "text": "Uh people like, \"Oh, no, this bull"}, {"start": "00:35:34", "end": "00:35:37", "text": "market, I'm going to get it right.\""}, {"start": "00:35:35", "end": "00:35:39", "text": "Really, you're going to get it right"}, {"start": "00:35:37", "end": "00:35:42", "text": "alone again? Just like last time, just"}, {"start": "00:35:39", "end": "00:35:45", "text": "like since 2017, you're trying to get it"}, {"start": "00:35:42", "end": "00:35:48", "text": "right. You have a pattern of"}, {"start": "00:35:45", "end": "00:35:49", "text": "self-destructive behavior that only we"}, {"start": "00:35:48", "end": "00:35:51", "text": "in Bulmania can fix because we're the"}, {"start": "00:35:49", "end": "00:35:53", "text": "only place where you get one-on-one help"}, {"start": "00:35:51", "end": "00:35:55", "text": "where we can really Jason's going to"}, {"start": "00:35:53", "end": "00:35:57", "text": "speak to you and and ensure that your"}, {"start": "00:35:55", "end": "00:35:58", "text": "brain is working properly and you have a"}, {"start": "00:35:57", "end": "00:36:01", "text": "good plan. So that's why I'm telling you"}, {"start": "00:35:58", "end": "00:36:03", "text": "go go join the newsletter because the"}, {"start": "00:36:01", "end": "00:36:05", "text": "when we have new news new spots now"}, {"start": "00:36:03", "end": "00:36:07", "text": "there are no new spots. We're fully busy"}, {"start": "00:36:05", "end": "00:36:09", "text": "but as soon as we have new spots we're"}, {"start": "00:36:07", "end": "00:36:11", "text": "going to announce it in newsletter. You"}, {"start": "00:36:09", "end": "00:36:12", "text": "need to book time with us as soon as"}, {"start": "00:36:11", "end": "00:36:14", "text": "possible. But yeah, people are saying,"}, {"start": "00:36:12", "end": "00:36:15", "text": "\"Oh, no. This this bull market, I'm"}, {"start": "00:36:14", "end": "00:36:17", "text": "going to do it correctly.\" I can see I"}, {"start": "00:36:15", "end": "00:36:19", "text": "mean, we see instantly that, you know,"}, {"start": "00:36:17", "end": "00:36:21", "text": "with what uh what you've done, you're"}, {"start": "00:36:19", "end": "00:36:23", "text": "not going to do it correctly. It's you"}, {"start": "00:36:21", "end": "00:36:25", "text": "you're not going to do it. Even if you"}, {"start": "00:36:23", "end": "00:36:27", "text": "have the correct information like I'm"}, {"start": "00:36:25", "end": "00:36:28", "text": "giving you correct information in"}, {"start": "00:36:27", "end": "00:36:29", "text": "October, how many people listen in"}, {"start": "00:36:28", "end": "00:36:31", "text": "October? How many people listen in"}, {"start": "00:36:29", "end": "00:36:32", "text": "October? I told you to bearish in"}, {"start": "00:36:31", "end": "00:36:34", "text": "October. They're like, \"Oh, no, no. I"}, {"start": "00:36:32", "end": "00:36:37", "text": "now I'm going to listen for sure.\" Okay."}, {"start": "00:36:34", "end": "00:36:40", "text": "In October, I told you. I told you. How"}, {"start": "00:36:37", "end": "00:36:41", "text": "many listen? Not many. Not many. So even"}, {"start": "00:36:40", "end": "00:36:43", "text": "it's not about information. I give you"}, {"start": "00:36:41", "end": "00:36:46", "text": "correct information. Uh it's about"}, {"start": "00:36:43", "end": "00:36:48", "text": "having a plan, a strategy, following,"}, {"start": "00:36:46", "end": "00:36:49", "text": "ensuring someone holds you accountable,"}, {"start": "00:36:48", "end": "00:36:51", "text": "someone holding you by the hand."}, {"start": "00:36:49", "end": "00:36:53", "text": "Otherwise, what happens? I give you"}, {"start": "00:36:51", "end": "00:36:55", "text": "correct information."}, {"start": "00:36:53", "end": "00:36:56", "text": "You're scrolling real Tik Tok. You're"}, {"start": "00:36:55", "end": "00:36:58", "text": "scrolling some other, you know, you"}, {"start": "00:36:56", "end": "00:37:00", "text": "watch another YouTube. Okay? Another"}, {"start": "00:36:58", "end": "00:37:02", "text": "YouTube tells you something else. Now"}, {"start": "00:37:00", "end": "00:37:05", "text": "you think you have a good idea what I"}, {"start": "00:37:02", "end": "00:37:07", "text": "told you. And then you have Fugazi."}, {"start": "00:37:05", "end": "00:37:09", "text": "Someone tells you global M2 is going to"}, {"start": "00:37:07", "end": "00:37:10", "text": "pump us. I told you in October it's"}, {"start": "00:37:09", "end": "00:37:12", "text": "going to go down. No, another guy told"}, {"start": "00:37:10", "end": "00:37:16", "text": "you bananas zone and global M2 is going"}, {"start": "00:37:12", "end": "00:37:18", "text": "to pump us. Okay, now your brain has to"}, {"start": "00:37:16", "end": "00:37:19", "text": "decide. Maybe your brain decides"}, {"start": "00:37:18", "end": "00:37:20", "text": "something. I don't know what it decides."}, {"start": "00:37:19", "end": "00:37:24", "text": "It decides wrong because you see the"}, {"start": "00:37:20", "end": "00:37:27", "text": "result. [laughter] You understand?"}, {"start": "00:37:24", "end": "00:37:29", "text": "You see the result, man."}, {"start": "00:37:27", "end": "00:37:33", "text": "[laughter] Ivan sounds like my dad"}, {"start": "00:37:29", "end": "00:37:33", "text": "yelling at me. Exactly. Exactly."}, {"start": "00:37:33", "end": "00:37:40", "text": "Oh yeah. Big shout out. Big shout out."}, {"start": "00:37:38", "end": "00:37:42", "text": "Big shout. I I do it with love just like"}, {"start": "00:37:40", "end": "00:37:43", "text": "like your dad. I just have to highlight"}, {"start": "00:37:42", "end": "00:37:46", "text": "I have to highlight the issue. Highlight"}, {"start": "00:37:43", "end": "00:37:48", "text": "the issue because guys the issue is"}, {"start": "00:37:46", "end": "00:37:49", "text": "everyone has the same issue. [snorts] We"}, {"start": "00:37:48", "end": "00:37:51", "text": "know it because to join Bulman you have"}, {"start": "00:37:49", "end": "00:37:52", "text": "to do a short call with us so we"}, {"start": "00:37:51", "end": "00:37:55", "text": "understand who you are. So we can we"}, {"start": "00:37:52", "end": "00:37:58", "text": "know we can coach you. Uh and you know"}, {"start": "00:37:55", "end": "00:37:59", "text": "you may think your situation is special."}, {"start": "00:37:58", "end": "00:38:01", "text": "It's not man. It's like everyone has the"}, {"start": "00:37:59", "end": "00:38:03", "text": "same. Everyone has the same is the same"}, {"start": "00:38:01", "end": "00:38:04", "text": "stuff they heard is the same stuff they"}, {"start": "00:38:03", "end": "00:38:06", "text": "try. Is the same man. It's the same."}, {"start": "00:38:04", "end": "00:38:08", "text": "It's the same. So that's why our system"}, {"start": "00:38:06", "end": "00:38:09", "text": "is proven. It tested on know thousands"}, {"start": "00:38:08", "end": "00:38:12", "text": "and thousands of people. It's really"}, {"start": "00:38:09", "end": "00:38:13", "text": "proven. It's bulletproof. You can say."}, {"start": "00:38:12", "end": "00:38:16", "text": "Anyway guys, let's go. Let's go. Let's"}, {"start": "00:38:13", "end": "00:38:19", "text": "go to Q&A. We can say crypto isn't dying"}, {"start": "00:38:16", "end": "00:38:20", "text": "this cycle. We couldn't"}, {"start": "00:38:19", "end": "00:38:23", "text": "Yeah, it's not dying. Yes, it's not"}, {"start": "00:38:20", "end": "00:38:23", "text": "dying."}, {"start": "00:38:30", "end": "00:38:34", "text": "Just remember this. Never borrow against"}, {"start": "00:38:32", "end": "00:38:36", "text": "your crypto to buy more. I did it once"}, {"start": "00:38:34", "end": "00:38:37", "text": "and lost everything. Don't do it. Yeah,"}, {"start": "00:38:36", "end": "00:38:40", "text": "that's smart. That that's a that's a"}, {"start": "00:38:37", "end": "00:38:43", "text": "good u Yeah, I like that. I like that"}, {"start": "00:38:40", "end": "00:38:46", "text": "saying. I don't like any kind of uh you"}, {"start": "00:38:43", "end": "00:38:48", "text": "know borrowing or yield or this and"}, {"start": "00:38:46", "end": "00:38:50", "text": "that. The for example with yield, you"}, {"start": "00:38:48", "end": "00:38:52", "text": "have to be super careful. It's many"}, {"start": "00:38:50", "end": "00:38:54", "text": "people got wrecked in for example"}, {"start": "00:38:52", "end": "00:38:56", "text": "Celsius. Many people got wrecked. Why?"}, {"start": "00:38:54", "end": "00:38:58", "text": "Because they chase yield and yield"}, {"start": "00:38:56", "end": "00:39:00", "text": "there's only a few yields which I'm okay"}, {"start": "00:38:58", "end": "00:39:03", "text": "with. Let me give you some alpha. For"}, {"start": "00:39:00", "end": "00:39:05", "text": "example, I'm quite okay with US"}, {"start": "00:39:03", "end": "00:39:07", "text": "government debt yield. You buy treasury,"}, {"start": "00:39:05", "end": "00:39:09", "text": "by the way, the yield there like it's"}, {"start": "00:39:07", "end": "00:39:12", "text": "it's kind of high now. The yield there"}, {"start": "00:39:09", "end": "00:39:15", "text": "is like 5%. But even though you know the"}, {"start": "00:39:12", "end": "00:39:18", "text": "situation is bad in um in the US economy"}, {"start": "00:39:15", "end": "00:39:20", "text": "and so on so forth, it's still the US"}, {"start": "00:39:18", "end": "00:39:22", "text": "government paying you 5% per year. And"}, {"start": "00:39:20", "end": "00:39:25", "text": "if you look at all governments in the"}, {"start": "00:39:22", "end": "00:39:27", "text": "world, they are one of the least likely"}, {"start": "00:39:25", "end": "00:39:29", "text": "to collapse or have any kind of problem."}, {"start": "00:39:27", "end": "00:39:31", "text": "Okay? Even though it's it's know the"}, {"start": "00:39:29", "end": "00:39:32", "text": "debt this and that, but compared to"}, {"start": "00:39:31", "end": "00:39:34", "text": "everything else, man, compared to"}, {"start": "00:39:32", "end": "00:39:36", "text": "Germany, Germany has no energy. They"}, {"start": "00:39:34", "end": "00:39:38", "text": "have no energy. Literally no energy."}, {"start": "00:39:36", "end": "00:39:40", "text": "Saudi Arabia now said they're not going"}, {"start": "00:39:38", "end": "00:39:41", "text": "to be shipping anything to Europe. Okay?"}, {"start": "00:39:40", "end": "00:39:42", "text": "Russia, they don't want Russian oil."}, {"start": "00:39:41", "end": "00:39:44", "text": "They don't want So, I don't know what"}, {"start": "00:39:42", "end": "00:39:45", "text": "they're going to do. They're going to"}, {"start": "00:39:44", "end": "00:39:47", "text": "pray for sun, but there's no sun in the"}, {"start": "00:39:45", "end": "00:39:49", "text": "wind. So, look at look at look at look"}, {"start": "00:39:47", "end": "00:39:51", "text": "at everything else. Look at France. Look"}, {"start": "00:39:49", "end": "00:39:52", "text": "at the that fiasco in France. What you"}, {"start": "00:39:51", "end": "00:39:55", "text": "going where you going to go, man? Where?"}, {"start": "00:39:52", "end": "00:39:56", "text": "So, all in all, yes, US is many issues,"}, {"start": "00:39:55", "end": "00:39:57", "text": "but you have to compare to everything"}, {"start": "00:39:56", "end": "00:40:00", "text": "else."}, {"start": "00:39:57", "end": "00:40:02", "text": "So, US government debt there, I'm I'm"}, {"start": "00:40:00", "end": "00:40:03", "text": "okay with it. That's where, you know,"}, {"start": "00:40:02", "end": "00:40:06", "text": "Trump, Scott Bessant, you're going to"}, {"start": "00:40:03", "end": "00:40:09", "text": "get the money. Uh, you have inflation"}, {"start": "00:40:06", "end": "00:40:11", "text": "risk. That's why long-term debt may be a"}, {"start": "00:40:09", "end": "00:40:13", "text": "bit risky, but yeah, short-term debt, if"}, {"start": "00:40:11", "end": "00:40:15", "text": "if there's any issue, you can withdraw"}, {"start": "00:40:13", "end": "00:40:17", "text": "at any point anyway. So, that's that"}, {"start": "00:40:15", "end": "00:40:20", "text": "money market. Uh, so that yield I'm okay"}, {"start": "00:40:17", "end": "00:40:21", "text": "with. I'm also okay with yield, you"}, {"start": "00:40:20", "end": "00:40:24", "text": "know, crypto staking. Like for example,"}, {"start": "00:40:21", "end": "00:40:27", "text": "you stana, you get yield insana. Okay,"}, {"start": "00:40:24", "end": "00:40:30", "text": "you need to remember it's insolana."}, {"start": "00:40:27", "end": "00:40:32", "text": "Don't count in dollars. Count in Solana."}, {"start": "00:40:30", "end": "00:40:34", "text": "In Solana, you get yield. ETH, you st"}, {"start": "00:40:32", "end": "00:40:37", "text": "ETH, you get yield in ETH. So it's a"}, {"start": "00:40:34", "end": "00:40:40", "text": "no-brainer. Like for you to not get"}, {"start": "00:40:37", "end": "00:40:42", "text": "yield in Solana, Solana network has to"}, {"start": "00:40:40", "end": "00:40:44", "text": "break and go to zero. And so whether you"}, {"start": "00:40:42", "end": "00:40:46", "text": "stake Sana or not does not matter"}, {"start": "00:40:44", "end": "00:40:48", "text": "because if you hold Sana and Solana"}, {"start": "00:40:46", "end": "00:40:50", "text": "network goes to zero, you're going to"}, {"start": "00:40:48", "end": "00:40:53", "text": "lose everything. If you so you can you"}, {"start": "00:40:50", "end": "00:40:55", "text": "can stake it because what was you know"}, {"start": "00:40:53", "end": "00:40:57", "text": "where would staking like increase your"}, {"start": "00:40:55", "end": "00:41:00", "text": "risk materially. It does not increase so"}, {"start": "00:40:57", "end": "00:41:02", "text": "holding versus staking does not increase"}, {"start": "00:41:00", "end": "00:41:04", "text": "your risk materially. This is my point"}, {"start": "00:41:02", "end": "00:41:07", "text": "because if you don't get your stake"}, {"start": "00:41:04", "end": "00:41:09", "text": "reward it means that Solana is fito"}, {"start": "00:41:07", "end": "00:41:11", "text": "which is fito anyway if you hold it's"}, {"start": "00:41:09", "end": "00:41:13", "text": "going to go to zero anyway it's the same"}, {"start": "00:41:11", "end": "00:41:16", "text": "ETH you get you stake it you get yield"}, {"start": "00:41:13", "end": "00:41:18", "text": "for ETH to not get give yield it has to"}, {"start": "00:41:16", "end": "00:41:20", "text": "go everything has to go to zero and it's"}, {"start": "00:41:18", "end": "00:41:23", "text": "like with US dollar I mean by the way US"}, {"start": "00:41:20", "end": "00:41:25", "text": "dollar is the same you you have US"}, {"start": "00:41:23", "end": "00:41:27", "text": "dollar you can you can just buy the"}, {"start": "00:41:25", "end": "00:41:29", "text": "treasury you can just put it in money"}, {"start": "00:41:27", "end": "00:41:31", "text": "market because US dollar what's going to"}, {"start": "00:41:29", "end": "00:41:33", "text": "happen it can go to zero Okay, so if you"}, {"start": "00:41:31", "end": "00:41:36", "text": "hold US dollar, it goes to zero. It's"}, {"start": "00:41:33", "end": "00:41:38", "text": "bad. You lost everything. And uh if US"}, {"start": "00:41:36", "end": "00:41:40", "text": "treasuries stop paying, it means that"}, {"start": "00:41:38", "end": "00:41:42", "text": "it's either hyperinflated and they just"}, {"start": "00:41:40", "end": "00:41:44", "text": "pay you, you know, paper that doesn't is"}, {"start": "00:41:42", "end": "00:41:46", "text": "not worth anything, but it's the same"}, {"start": "00:41:44", "end": "00:41:48", "text": "risk if you just hold US dollar. So you"}, {"start": "00:41:46", "end": "00:41:51", "text": "can it's the same risk to buy treasury"}, {"start": "00:41:48", "end": "00:41:52", "text": "or money market. Uh and you know,"}, {"start": "00:41:51", "end": "00:41:55", "text": "something else. So you understand"}, {"start": "00:41:52", "end": "00:41:57", "text": "holding the token versus staking it, I"}, {"start": "00:41:55", "end": "00:41:59", "text": "have no problem with that. uh as long as"}, {"start": "00:41:57", "end": "00:42:02", "text": "you're fine with uh yeah getting yield"}, {"start": "00:41:59", "end": "00:42:04", "text": "in the in the in that currency and yeah"}, {"start": "00:42:02", "end": "00:42:06", "text": "that's it that's it and by the way guys"}, {"start": "00:42:04", "end": "00:42:10", "text": "Jason is also doing every day market"}, {"start": "00:42:06", "end": "00:42:11", "text": "analysis so we did have this each and"}, {"start": "00:42:10", "end": "00:42:13", "text": "every month we try to see how was the"}, {"start": "00:42:11", "end": "00:42:15", "text": "last month so here we're open sourcing a"}, {"start": "00:42:13", "end": "00:42:18", "text": "bit so this this report we did on"}, {"start": "00:42:15", "end": "00:42:20", "text": "September 3rd summarizing everything"}, {"start": "00:42:18", "end": "00:42:22", "text": "Jason did in Bulmania every day he's"}, {"start": "00:42:20", "end": "00:42:24", "text": "he's analyzing the market every day he's"}, {"start": "00:42:22", "end": "00:42:26", "text": "analyzing the market so whether it's"}, {"start": "00:42:24", "end": "00:42:29", "text": "Bitcoin accumulating at around 200 100"}, {"start": "00:42:26", "end": "00:42:31", "text": "week moving average whether it is hype"}, {"start": "00:42:29", "end": "00:42:35", "text": "uh where yeah the the bull flip was very"}, {"start": "00:42:31", "end": "00:42:37", "text": "very nice you see the gains here uh uni"}, {"start": "00:42:35", "end": "00:42:40", "text": "also you see the gains very very nice"}, {"start": "00:42:37", "end": "00:42:42", "text": "pawns gains very very nice ETFs cyber"}, {"start": "00:42:40", "end": "00:42:44", "text": "security Jason just yesterday said that"}, {"start": "00:42:42", "end": "00:42:48", "text": "cyber security is still pumping so hard"}, {"start": "00:42:44", "end": "00:42:51", "text": "for us it's crazy this CRWD versus crowd"}, {"start": "00:42:48", "end": "00:42:53", "text": "strike insane insane insane and this is"}, {"start": "00:42:51", "end": "00:42:55", "text": "from September 3rd so until now it's"}, {"start": "00:42:53", "end": "00:42:58", "text": "even higher I think just yesterday it"}, {"start": "00:42:55", "end": "00:42:59", "text": "pumped like 15% this crowd strike uh"}, {"start": "00:42:58", "end": "00:43:01", "text": "sand disk of course San disk sand disk"}, {"start": "00:42:59", "end": "00:43:04", "text": "very very nice so [snorts]"}, {"start": "00:43:01", "end": "00:43:06", "text": "part of bulmania you're also getting the"}, {"start": "00:43:04", "end": "00:43:08", "text": "daily market analysis so you can apply"}, {"start": "00:43:06", "end": "00:43:10", "text": "the system with the different"}, {"start": "00:43:08", "end": "00:43:14", "text": "opportunities we're uncovering that's"}, {"start": "00:43:10", "end": "00:43:16", "text": "very very nice so uh that's that Ivan"}, {"start": "00:43:14", "end": "00:43:19", "text": "always been curious what is the statue"}, {"start": "00:43:16", "end": "00:43:22", "text": "on your shelf it's the uh project what's"}, {"start": "00:43:19", "end": "00:43:24", "text": "called project uh project uh bonsai"}, {"start": "00:43:22", "end": "00:43:27", "text": "bonsai bonsi what's called bonsai"}, {"start": "00:43:24", "end": "00:43:29", "text": "project bonsai Okay. No. What what is"}, {"start": "00:43:27", "end": "00:43:35", "text": "called this uh"}, {"start": "00:43:29", "end": "00:43:38", "text": "project? U Bon Bonsi. Bonsi. Bonsi. It's"}, {"start": "00:43:35", "end": "00:43:42", "text": "a guy that gave it to me long time ago"}, {"start": "00:43:38", "end": "00:43:45", "text": "in 2021. Uh he's an artist. He's having"}, {"start": "00:43:42", "end": "00:43:47", "text": "this spaceman statues everywhere. I I"}, {"start": "00:43:45", "end": "00:43:49", "text": "forgot was what what his project is"}, {"start": "00:43:47", "end": "00:43:50", "text": "called guys. Maybe you remember. It's"}, {"start": "00:43:49", "end": "00:43:53", "text": "bon"}, {"start": "00:43:50", "end": "00:43:56", "text": "project bonsai like spaceman. Let me"}, {"start": "00:43:53", "end": "00:43:58", "text": "see. Where is it? Oh, yeah. Here. Here."}, {"start": "00:43:56", "end": "00:44:02", "text": "Oh, bonji. Buni. Bunji. Not bonsai."}, {"start": "00:43:58", "end": "00:44:05", "text": "Bunji. Sorry. Bunji. Yeah. So, it's you"}, {"start": "00:44:02", "end": "00:44:06", "text": "can Google project bonji."}, {"start": "00:44:05", "end": "00:44:10", "text": "This guy, he's making like this big, you"}, {"start": "00:44:06", "end": "00:44:11", "text": "know, this is like real uh world statue"}, {"start": "00:44:10", "end": "00:44:14", "text": "somewhere. He put I think it's in"}, {"start": "00:44:11", "end": "00:44:16", "text": "Norway. And he gave me one of the his"}, {"start": "00:44:14", "end": "00:44:18", "text": "statues. Uh I think it's must have been"}, {"start": "00:44:16", "end": "00:44:20", "text": "five years ago. Big shout out to him by"}, {"start": "00:44:18", "end": "00:44:23", "text": "the way. He's amazing. Uh Bungie"}, {"start": "00:44:20", "end": "00:44:25", "text": "Spaceman. Exactly. So it's it's this I"}, {"start": "00:44:23", "end": "00:44:30", "text": "So this is a spaceman like this, but"}, {"start": "00:44:25", "end": "00:44:32", "text": "mine is just uh blue. U"}, {"start": "00:44:30", "end": "00:44:33", "text": "I think he sells like each one of these"}, {"start": "00:44:32", "end": "00:44:36", "text": "for like 10k dollars. At least in the"}, {"start": "00:44:33", "end": "00:44:39", "text": "past he did. So yeah, they are they're"}, {"start": "00:44:36", "end": "00:44:41", "text": "cool. I I I believe he like handcrafts"}, {"start": "00:44:39", "end": "00:44:45", "text": "them. Yeah, this guy this guy he has"}, {"start": "00:44:41", "end": "00:44:47", "text": "like a factory somewhere. I believe he"}, {"start": "00:44:45", "end": "00:44:50", "text": "is. Yeah, from Miami he shipped me this"}, {"start": "00:44:47", "end": "00:44:50", "text": "bun."}, {"start": "00:44:55", "end": "00:45:00", "text": "I the biggest IPO in African history"}, {"start": "00:44:57", "end": "00:45:03", "text": "went live on Monday."}, {"start": "00:45:00", "end": "00:45:05", "text": "Dan got oil refinery."}, {"start": "00:45:03", "end": "00:45:07", "text": "Okay."}, {"start": "00:45:05", "end": "00:45:09", "text": "What are your thoughts? I mean when it"}, {"start": "00:45:07", "end": "00:45:13", "text": "comes to a business African oil refinery"}, {"start": "00:45:09", "end": "00:45:15", "text": "it sounds like you know"}, {"start": "00:45:13", "end": "00:45:17", "text": "sounds like super government connected"}, {"start": "00:45:15", "end": "00:45:19", "text": "and uh"}, {"start": "00:45:17", "end": "00:45:21", "text": "got"}, {"start": "00:45:19", "end": "00:45:22", "text": "why why is there no let let me check the"}, {"start": "00:45:21", "end": "00:45:24", "text": "chart let's just check the chart"}, {"start": "00:45:22", "end": "00:45:26", "text": "fundamentals honestly who the hell knows"}, {"start": "00:45:24", "end": "00:45:32", "text": "man it's oil refinery in Nigeria how the"}, {"start": "00:45:26", "end": "00:45:36", "text": "hell oil let's see what's called dan got"}, {"start": "00:45:32", "end": "00:45:39", "text": "dan go dan got"}, {"start": "00:45:36", "end": "00:45:39", "text": "oil."}, {"start": "00:45:42", "end": "00:45:45", "text": "I don't see it, bro. It's not It's not"}, {"start": "00:45:43", "end": "00:45:47", "text": "on trading view. They added it on"}, {"start": "00:45:45", "end": "00:45:50", "text": "Trading View. But it's like with any"}, {"start": "00:45:47", "end": "00:45:51", "text": "IPO, we don't trade the the beginning of"}, {"start": "00:45:50", "end": "00:45:52", "text": "it. We need to see the trend forming. If"}, {"start": "00:45:51", "end": "00:45:54", "text": "you have the money line, you can see on"}, {"start": "00:45:52", "end": "00:45:58", "text": "the hourly what trend it is. You can"}, {"start": "00:45:54", "end": "00:46:00", "text": "enter if you want. But yeah, um that's"}, {"start": "00:45:58", "end": "00:46:01", "text": "my thoughts on the chart on the business"}, {"start": "00:46:00", "end": "00:46:03", "text": "man. Who the hell knows? I think you"}, {"start": "00:46:01", "end": "00:46:05", "text": "need connection to government to know"}, {"start": "00:46:03", "end": "00:46:06", "text": "the business to be part of business."}, {"start": "00:46:05", "end": "00:46:09", "text": "probably a bit big connection to"}, {"start": "00:46:06", "end": "00:46:12", "text": "government. Where is this guy?"}, {"start": "00:46:09", "end": "00:46:16", "text": "Corruption if I'm part of it. I will"}, {"start": "00:46:12", "end": "00:46:17", "text": "defend corruption if I'm part of it."}, {"start": "00:46:16", "end": "00:46:19", "text": "Okay."}, {"start": "00:46:17", "end": "00:46:20", "text": ">> Corruption is not"}, {"start": "00:46:19", "end": "00:46:23", "text": ">> so sorry guys if I'm like stere"}, {"start": "00:46:20", "end": "00:46:25", "text": "stereotypical"}, {"start": "00:46:23", "end": "00:46:27", "text": "when you say oil refinery open in"}, {"start": "00:46:25", "end": "00:46:29", "text": "Nigeria. The only thing I think I'm"}, {"start": "00:46:27", "end": "00:46:30", "text": "thinking about is this guy. Is this guy"}, {"start": "00:46:29", "end": "00:46:31", "text": "but you you can check the hourly chart."}, {"start": "00:46:30", "end": "00:46:34", "text": "Maybe it's good. Maybe it's good. I"}, {"start": "00:46:31", "end": "00:46:37", "text": "don't know. Do you remember this guy? M"}, {"start": "00:46:34", "end": "00:46:40", "text": "corruption is not bad."}, {"start": "00:46:37", "end": "00:46:41", "text": "Corruption is only bad if I'm not"}, {"start": "00:46:40", "end": "00:46:42", "text": "involved."}, {"start": "00:46:41", "end": "00:46:45", "text": ">> Yes."}, {"start": "00:46:42", "end": "00:46:48", "text": ">> But if I'm part of that corruption, I'll"}, {"start": "00:46:45", "end": "00:46:51", "text": "defend it. [laughter]"}, {"start": "00:46:48", "end": "00:46:53", "text": ">> Exactly. Sorry guys if I'm serious. Will"}, {"start": "00:46:51", "end": "00:46:57", "text": "you tell me Nigerian oil refinery? I'm"}, {"start": "00:46:53", "end": "00:46:57", "text": "just thinking this guy. [laughter]"}, {"start": "00:46:57", "end": "00:47:00", "text": "Oh,"}, {"start": "00:47:01", "end": "00:47:07", "text": "someone says check useless. Let's see."}, {"start": "00:47:03", "end": "00:47:08", "text": "money line on useless token. Uh should"}, {"start": "00:47:07", "end": "00:47:10", "text": "be pumping quite nicely. Yeah, look"}, {"start": "00:47:08", "end": "00:47:14", "text": "here."}, {"start": "00:47:10", "end": "00:47:18", "text": "Bullish on the weekly. Uh yeah, I mean"}, {"start": "00:47:14", "end": "00:47:20", "text": "this thing is I that guy who is um uniqu"}, {"start": "00:47:18", "end": "00:47:22", "text": "he's shilling it all the time."}, {"start": "00:47:20", "end": "00:47:24", "text": "He's shilling this all the time. So it's"}, {"start": "00:47:22", "end": "00:47:28", "text": "yeah, he's bullish on the weekly. Uh it"}, {"start": "00:47:24", "end": "00:47:30", "text": "has recovered um yeah most uh most"}, {"start": "00:47:28", "end": "00:47:31", "text": "losses here. Had a double bottom you can"}, {"start": "00:47:30", "end": "00:47:33", "text": "say. So I mean overall the chart is very"}, {"start": "00:47:31", "end": "00:47:36", "text": "good. They had double bottom. it"}, {"start": "00:47:33", "end": "00:47:39", "text": "recovered fast um super bull trend. So"}, {"start": "00:47:36", "end": "00:47:42", "text": "when it comes to the memes it's uh I"}, {"start": "00:47:39", "end": "00:47:43", "text": "mean no not bad not bad the from many"}, {"start": "00:47:42", "end": "00:47:45", "text": "different perspect but at the same time"}, {"start": "00:47:43", "end": "00:47:47", "text": "with memes you always have to be a bit"}, {"start": "00:47:45", "end": "00:47:48", "text": "careful I don't know the top holders can"}, {"start": "00:47:47", "end": "00:47:50", "text": "the top holders dump it in one button"}, {"start": "00:47:48", "end": "00:47:53", "text": "click maybe they can maybe they can with"}, {"start": "00:47:50", "end": "00:47:55", "text": "memes it's always a bit of a uh risk"}, {"start": "00:47:53", "end": "00:47:57", "text": "because it's not only about the trend"}, {"start": "00:47:55", "end": "00:48:00", "text": "and like the market dynamic it's also"}, {"start": "00:47:57", "end": "00:48:03", "text": "like can they dump it with one button u"}, {"start": "00:48:00", "end": "00:48:05", "text": "but uniix this guy who is famous for"}, {"start": "00:48:03", "end": "00:48:07", "text": "memes and Robin Hood and stuff he's"}, {"start": "00:48:05", "end": "00:48:09", "text": "chilling it. So, I guess it's good. I"}, {"start": "00:48:07", "end": "00:48:11", "text": "guess it's good uh if you look at the"}, {"start": "00:48:09", "end": "00:48:13", "text": "different memes. But yeah, this one is"}, {"start": "00:48:11", "end": "00:48:16", "text": "bull trend. Uh it has double bottom. So,"}, {"start": "00:48:13", "end": "00:48:19", "text": "it it checks many boxes uh for a good"}, {"start": "00:48:16", "end": "00:48:19", "text": "chart. [snorts]"}, {"start": "00:48:30", "end": "00:48:33", "text": "Do you have a max amount of project"}, {"start": "00:48:32", "end": "00:48:35", "text": "coins you will invest in or do you have"}, {"start": "00:48:33", "end": "00:48:37", "text": "as many as you want? I mean for for big"}, {"start": "00:48:35", "end": "00:48:40", "text": "big allocations you don't want more than"}, {"start": "00:48:37", "end": "00:48:42", "text": "10. You don't want more than 10. Um"}, {"start": "00:48:40", "end": "00:48:43", "text": "because how else you gonna track it? How"}, {"start": "00:48:42", "end": "00:48:46", "text": "else you going to track it? It's very"}, {"start": "00:48:43", "end": "00:48:49", "text": "hard. So but then yeah for small you"}, {"start": "00:48:46", "end": "00:48:54", "text": "know just gambling. Yeah why not there?"}, {"start": "00:48:49", "end": "00:48:54", "text": "It can be more for smaller allocation."}, {"start": "00:48:54", "end": "00:48:58", "text": "But for example, if you are to follow"}, {"start": "00:48:56", "end": "00:49:01", "text": "the mechanical rules which which we"}, {"start": "00:48:58", "end": "00:49:04", "text": "teach in Bulmania, it's good if you have"}, {"start": "00:49:01", "end": "00:49:08", "text": "you know up to 10 up to 10 so you can"}, {"start": "00:49:04", "end": "00:49:08", "text": "follow along etc etc."}, {"start": "00:49:11", "end": "00:49:17", "text": "Matt saying is told us the other day"}, {"start": "00:49:14", "end": "00:49:19", "text": "about this Nigerian oil refinery. Isaac"}, {"start": "00:49:17", "end": "00:49:22", "text": "has insider information."}, {"start": "00:49:19", "end": "00:49:25", "text": "Isaac's uncle is uh the director of the"}, {"start": "00:49:22", "end": "00:49:28", "text": "oil refinery. Big shout out to Isac"}, {"start": "00:49:25", "end": "00:49:28", "text": "straight from Nigeria"}, {"start": "00:49:29", "end": "00:49:34", "text": "guys and that's it. Thank you very much"}, {"start": "00:49:31", "end": "00:49:36", "text": "for being here. We are at uh 49 minutes."}, {"start": "00:49:34", "end": "00:49:38", "text": "Good length. Good length. Let's keep it"}, {"start": "00:49:36", "end": "00:49:40", "text": "below 1 hour. As always, smash on the"}, {"start": "00:49:38", "end": "00:49:43", "text": "like, subscribe, subscribe if you"}, {"start": "00:49:40", "end": "00:49:45", "text": "haven't yet. Big shout out to uh Dab who"}, {"start": "00:49:43", "end": "00:49:48", "text": "is timestamping us today. Fantastic work"}, {"start": "00:49:45", "end": "00:49:51", "text": "to DAB. Uh, check the links below for"}, {"start": "00:49:48", "end": "00:49:53", "text": "newsletter. Very important. And exchange"}, {"start": "00:49:51", "end": "00:49:55", "text": "um starter pack, so you get all of the"}, {"start": "00:49:53", "end": "00:49:58", "text": "deals. All of the deals. All of the"}, {"start": "00:49:55", "end": "00:50:00", "text": "deals. All of the deals. And uh yeah, I"}, {"start": "00:49:58", "end": "00:50:02", "text": "mean, listen uh uh not to take too much"}, {"start": "00:50:00", "end": "00:50:04", "text": "credit, but based on my read of the"}, {"start": "00:50:02", "end": "00:50:07", "text": "market, I think we're the only channel"}, {"start": "00:50:04", "end": "00:50:09", "text": "who's giving you full clarity. Even the"}, {"start": "00:50:07", "end": "00:50:11", "text": "clarity act is not giving you clarity."}, {"start": "00:50:09", "end": "00:50:14", "text": "We're here. We're giving you 100%"}, {"start": "00:50:11", "end": "00:50:16", "text": "clarity. 100%."}, {"start": "00:50:14", "end": "00:50:17", "text": "Whether you do something with it or you"}, {"start": "00:50:16", "end": "00:50:19", "text": "don't, it's I mean it's up to I know"}, {"start": "00:50:17", "end": "00:50:20", "text": "most people is they're going to mess up"}, {"start": "00:50:19", "end": "00:50:22", "text": "anyway. I mean it is how it is always."}, {"start": "00:50:20", "end": "00:50:24", "text": "It is how it is always. Just like"}, {"start": "00:50:22", "end": "00:50:27", "text": "everyone knew I was bearish in October"}, {"start": "00:50:24", "end": "00:50:29", "text": "still. Yeah. To to act on it is another"}, {"start": "00:50:27", "end": "00:50:31", "text": "thing. Anyway, uh see you all very very"}, {"start": "00:50:29", "end": "00:50:35", "text": "soon. Smash up the like and goodbye"}, {"start": "00:50:31", "end": "00:50:35", "text": "guys. Goodbye. Goodbye. Bye."}]

[{"start": "00:00:04", "end": "00:00:08", "text": "Oh yes. Oh yes. Oh yeah. Guys, welcome"}, {"start": "00:00:06", "end": "00:00:11", "text": "to another episode. And as right now,"}, {"start": "00:00:08", "end": "00:00:14", "text": "Bitcoin is currently at 76.8. We are"}, {"start": "00:00:11", "end": "00:00:17", "text": "bouncing around, but we're sorry, we're"}, {"start": "00:00:14", "end": "00:00:20", "text": "bouncing around trying to figure out"}, {"start": "00:00:17", "end": "00:00:24", "text": "whether we smash through the resistance,"}, {"start": "00:00:20", "end": "00:00:28", "text": "which is currently at around 80k. we are"}, {"start": "00:00:24", "end": "00:00:30", "text": "having big fat resistance at around 80K"}, {"start": "00:00:28", "end": "00:00:32", "text": "or whether there's going to be a"}, {"start": "00:00:30", "end": "00:00:35", "text": "pullback. But as you know, we just"}, {"start": "00:00:32", "end": "00:00:38", "text": "entered a new bull trend for Bitcoin,"}, {"start": "00:00:35", "end": "00:00:41", "text": "which is which is the first weekly bull"}, {"start": "00:00:38", "end": "00:00:43", "text": "trend since 2023. And we've been saying"}, {"start": "00:00:41", "end": "00:00:46", "text": "for a long time here, basically since"}, {"start": "00:00:43", "end": "00:00:49", "text": "June here, that it is time to be more"}, {"start": "00:00:46", "end": "00:00:51", "text": "bullish than bearish. It is time to see"}, {"start": "00:00:49", "end": "00:00:53", "text": "the light. And while everyone is"}, {"start": "00:00:51", "end": "00:00:56", "text": "discussing PPI"}, {"start": "00:00:53", "end": "00:00:59", "text": "Iran, everyone is discussing rate hike"}, {"start": "00:00:56", "end": "00:01:01", "text": "this rake rake hike that I can tell you"}, {"start": "00:00:59", "end": "00:01:03", "text": "that with highest likelihood we're going"}, {"start": "00:01:01", "end": "00:01:05", "text": "to go high very very high Valhalla. So"}, {"start": "00:01:03", "end": "00:01:08", "text": "personally I'm not even worried about"}, {"start": "00:01:05", "end": "00:01:10", "text": "this volatility at all at all. Why?"}, {"start": "00:01:08", "end": "00:01:13", "text": "Because should we go down just buy more"}, {"start": "00:01:10", "end": "00:01:16", "text": "buy more. Okay we go down buy more. We"}, {"start": "00:01:13", "end": "00:01:18", "text": "are now heavy bullish. Why? Because bull"}, {"start": "00:01:16", "end": "00:01:20", "text": "trend. Why? because one year of bare and"}, {"start": "00:01:18", "end": "00:01:22", "text": "now it's time to see the big big picture"}, {"start": "00:01:20", "end": "00:01:26", "text": "here and the volatility is going to be"}, {"start": "00:01:22", "end": "00:01:28", "text": "because the plebe the the institutions"}, {"start": "00:01:26", "end": "00:01:30", "text": "even institutions are overreacting to"}, {"start": "00:01:28", "end": "00:01:33", "text": "whatever is happening daytoday so for"}, {"start": "00:01:30", "end": "00:01:35", "text": "example a few days ago people said that"}, {"start": "00:01:33", "end": "00:01:38", "text": "clary act is going to pass now people"}, {"start": "00:01:35", "end": "00:01:39", "text": "are saying that uh there it's not going"}, {"start": "00:01:38", "end": "00:01:41", "text": "to pass or maybe it's going to pass"}, {"start": "00:01:39", "end": "00:01:44", "text": "later I mean who the hell knows a final"}, {"start": "00:01:41", "end": "00:01:47", "text": "Senate drop Sunday night with roughly"}, {"start": "00:01:44", "end": "00:01:50", "text": "126 Democrats has request requested"}, {"start": "00:01:47", "end": "00:01:53", "text": "changes. Uh so there's going to be"}, {"start": "00:01:50", "end": "00:01:55", "text": "Tuesday vote which is today which is"}, {"start": "00:01:53", "end": "00:01:57", "text": "today. Yesterday it came out some news"}, {"start": "00:01:55", "end": "00:01:59", "text": "that maybe it's not going to be it's not"}, {"start": "00:01:57", "end": "00:02:02", "text": "going to be passed. Uh but who the hell"}, {"start": "00:01:59", "end": "00:02:04", "text": "knows? Let them vote. Let them vote."}, {"start": "00:02:02", "end": "00:02:08", "text": "Let's see what's going to happen. This"}, {"start": "00:02:04", "end": "00:02:10", "text": "guy Warner Senator Warner uh on declar"}, {"start": "00:02:08", "end": "00:02:12", "text": "says I don't think the ethics provision"}, {"start": "00:02:10", "end": "00:02:15", "text": "is near enough. Okay. Okay. What you"}, {"start": "00:02:12", "end": "00:02:16", "text": "want? Trump already did all the ethics."}, {"start": "00:02:15", "end": "00:02:18", "text": "[laughter]"}, {"start": "00:02:16", "end": "00:02:20", "text": "What more you want? Trump already said"}, {"start": "00:02:18", "end": "00:02:21", "text": "he's going to do all the ethics."}, {"start": "00:02:20", "end": "00:02:24", "text": "President Trump had already agreed to"}, {"start": "00:02:21", "end": "00:02:26", "text": "the toughest ethics restrictions on"}, {"start": "00:02:24", "end": "00:02:28", "text": "federal officials in American history to"}, {"start": "00:02:26", "end": "00:02:31", "text": "get this bill done. Now, to close the"}, {"start": "00:02:28", "end": "00:02:33", "text": "deal, he went further, giving state"}, {"start": "00:02:31", "end": "00:02:36", "text": "attorney general enforcement power. So"}, {"start": "00:02:33", "end": "00:02:38", "text": "if you are a state official and you do"}, {"start": "00:02:36", "end": "00:02:41", "text": "something shady in crypto which is"}, {"start": "00:02:38", "end": "00:02:43", "text": "unethical which is unethical for example"}, {"start": "00:02:41", "end": "00:02:46", "text": "you do a memecoin [laughter]"}, {"start": "00:02:43", "end": "00:02:48", "text": "the state attorney general is going to"}, {"start": "00:02:46", "end": "00:02:50", "text": "come after you. So back in July Trump"}, {"start": "00:02:48", "end": "00:02:53", "text": "voluntarily put himself the VP and every"}, {"start": "00:02:50", "end": "00:02:56", "text": "federally elected official judges and"}, {"start": "00:02:53", "end": "00:02:58", "text": "spouses under strict ethical rules."}, {"start": "00:02:56", "end": "00:03:00", "text": "Trump is the most ethical. You got to be"}, {"start": "00:02:58", "end": "00:03:03", "text": "the most ethical. Trump put everyone on"}, {"start": "00:03:00", "end": "00:03:06", "text": "the strictest ethical rules because he's"}, {"start": "00:03:03", "end": "00:03:08", "text": "the most ethical and the Democrats still"}, {"start": "00:03:06", "end": "00:03:09", "text": "wanted more. So yeah, let's see what's"}, {"start": "00:03:08", "end": "00:03:11", "text": "going to happen. But there should be"}, {"start": "00:03:09", "end": "00:03:14", "text": "some kind of vote today. Okay. And no"}, {"start": "00:03:11", "end": "00:03:16", "text": "vote tomorrow kills the toughest ethics"}, {"start": "00:03:14", "end": "00:03:17", "text": "reform this country has ever put on the"}, {"start": "00:03:16", "end": "00:03:19", "text": "books. Skills consumer protection."}, {"start": "00:03:17", "end": "00:03:22", "text": "That's true. So guys, today there's"}, {"start": "00:03:19", "end": "00:03:25", "text": "going to be this vote. Uh hopefully they"}, {"start": "00:03:22", "end": "00:03:27", "text": "they vote correctly. Hopefully they vote"}, {"start": "00:03:25", "end": "00:03:29", "text": "yes indeed. We want clarity. We want"}, {"start": "00:03:27", "end": "00:03:32", "text": "clarity. We want as soon as possible"}, {"start": "00:03:29", "end": "00:03:36", "text": "crypto to be regulated. We want to be"}, {"start": "00:03:32", "end": "00:03:38", "text": "here and leading the world. There is now"}, {"start": "00:03:36", "end": "00:03:40", "text": "a very low chance of it passing. 20%"}, {"start": "00:03:38", "end": "00:03:44", "text": "chance that Claris act is going to be"}, {"start": "00:03:40", "end": "00:03:48", "text": "signed into law in 2026. Uh let's see"}, {"start": "00:03:44", "end": "00:03:50", "text": "what other kind of u bets there are. But"}, {"start": "00:03:48", "end": "00:03:52", "text": "this is this is like the bet. This is"}, {"start": "00:03:50", "end": "00:03:54", "text": "the bet. Very low chance of it passing."}, {"start": "00:03:52", "end": "00:03:57", "text": "But listen, it's higher than it was"}, {"start": "00:03:54", "end": "00:04:00", "text": "earlier in September. Then it was 14%."}, {"start": "00:03:57", "end": "00:04:02", "text": "Now it is 19%. It was even higher here"}, {"start": "00:04:00", "end": "00:04:04", "text": "yesterday 31% because a lot of bullish"}, {"start": "00:04:02", "end": "00:04:06", "text": "news came out and now some bearish news"}, {"start": "00:04:04", "end": "00:04:08", "text": "came out. So all in all this doesn't"}, {"start": "00:04:06", "end": "00:04:10", "text": "matter for us in terms of the bull"}, {"start": "00:04:08", "end": "00:04:13", "text": "market. But of course it would be a nice"}, {"start": "00:04:10", "end": "00:04:14", "text": "catalyst to bootstrap us. Of course good"}, {"start": "00:04:13", "end": "00:04:16", "text": "news would be a nice catalyst to"}, {"start": "00:04:14", "end": "00:04:19", "text": "bootstrap. But we're in a situation now"}, {"start": "00:04:16", "end": "00:04:21", "text": "where bad news is unlikely to dump us"}, {"start": "00:04:19", "end": "00:04:23", "text": "while good news will ignite us to the"}, {"start": "00:04:21", "end": "00:04:24", "text": "upside. So we need some kind of"}, {"start": "00:04:23", "end": "00:04:27", "text": "catalyst. I mean that would be"}, {"start": "00:04:24", "end": "00:04:29", "text": "fantastic. But all in all uh whatever"}, {"start": "00:04:27", "end": "00:04:31", "text": "catalyst we get whether it is this uh"}, {"start": "00:04:29", "end": "00:04:34", "text": "clarity act maybe there is something"}, {"start": "00:04:31", "end": "00:04:36", "text": "with the US treasury having bitcoin"}, {"start": "00:04:34", "end": "00:04:39", "text": "maybe something else there are all kinds"}, {"start": "00:04:36", "end": "00:04:41", "text": "of discussions now that uh that that"}, {"start": "00:04:39", "end": "00:04:42", "text": "happen for example you have bitcoin"}, {"start": "00:04:41", "end": "00:04:44", "text": "reserve the house financial service"}, {"start": "00:04:42", "end": "00:04:47", "text": "committee will consider on September"}, {"start": "00:04:44", "end": "00:04:49", "text": "16th a bill to establish US strategic"}, {"start": "00:04:47", "end": "00:04:51", "text": "bitcoin reserve and this this can be"}, {"start": "00:04:49", "end": "00:04:53", "text": "another one I mean at the end of the day"}, {"start": "00:04:51", "end": "00:04:55", "text": "whatever good news we have is going to"}, {"start": "00:04:53", "end": "00:04:57", "text": "pump us whatever bad news we have is"}, {"start": "00:04:55", "end": "00:04:59", "text": "unlikely to dump us in the position"}, {"start": "00:04:57", "end": "00:05:01", "text": "we're in right now. Also guys, as you"}, {"start": "00:04:59", "end": "00:05:04", "text": "remember from yesterday, the four-year"}, {"start": "00:05:01", "end": "00:05:06", "text": "cyclists that are now not bullish."}, {"start": "00:05:04", "end": "00:05:08", "text": "They're doing their cycling. They're in"}, {"start": "00:05:06", "end": "00:05:10", "text": "toward the front somewhere. I just see"}, {"start": "00:05:08", "end": "00:05:13", "text": "in front of me the cyclist bum bum bum"}, {"start": "00:05:10", "end": "00:05:14", "text": "bum bum. Benjamin Covenant the front."}, {"start": "00:05:13", "end": "00:05:16", "text": "They're cycling. They're cycling."}, {"start": "00:05:14", "end": "00:05:18", "text": "They're going to be cycling into the"}, {"start": "00:05:16", "end": "00:05:20", "text": "bull in October because according to"}, {"start": "00:05:18", "end": "00:05:22", "text": "their alarm clock, that's when it's"}, {"start": "00:05:20", "end": "00:05:24", "text": "going to be bullish. The cyclists are"}, {"start": "00:05:22", "end": "00:05:26", "text": "going to be bringing in massive massive"}, {"start": "00:05:24", "end": "00:05:28", "text": "massive bullishness to us as well."}, {"start": "00:05:26", "end": "00:05:30", "text": "That's going to be in in two weeks."}, {"start": "00:05:28", "end": "00:05:34", "text": "[laughter] Next, next. Bit mine, guys."}, {"start": "00:05:30", "end": "00:05:39", "text": "Bit mine. Tom Lee is loading up on ETH."}, {"start": "00:05:34", "end": "00:05:41", "text": "70 27,000 ETH he bought. The company now"}, {"start": "00:05:39", "end": "00:05:44", "text": "holds 5.69"}, {"start": "00:05:41", "end": "00:05:46", "text": "million ETH, roughly 5% of total supply,"}, {"start": "00:05:44", "end": "00:05:48", "text": "4.9 to be exact. And [clears throat]"}, {"start": "00:05:46", "end": "00:05:51", "text": "also guys very important if you are a"}, {"start": "00:05:48", "end": "00:05:53", "text": "Revolute customer there is such a drama"}, {"start": "00:05:51", "end": "00:05:57", "text": "now happening with this Revolute stuff."}, {"start": "00:05:53", "end": "00:06:00", "text": "The hacker is now leaking one KYC after"}, {"start": "00:05:57", "end": "00:06:01", "text": "another basically to to prove to prove"}, {"start": "00:06:00", "end": "00:06:04", "text": "that they are serious. They have the"}, {"start": "00:06:01", "end": "00:06:07", "text": "data they're serious and what has"}, {"start": "00:06:04", "end": "00:06:11", "text": "happened here is that the hacker"}, {"start": "00:06:07", "end": "00:06:15", "text": "impersonated being an Italian"}, {"start": "00:06:11", "end": "00:06:18", "text": "um Italian regulator. Okay. So somehow"}, {"start": "00:06:15", "end": "00:06:20", "text": "they hacked Italian regulator email."}, {"start": "00:06:18", "end": "00:06:23", "text": "Okay, they hacked email. So uh our"}, {"start": "00:06:20", "end": "00:06:24", "text": "investigations team at Jewel is in"}, {"start": "00:06:23", "end": "00:06:26", "text": "contact with the Rebel hacker and we"}, {"start": "00:06:24", "end": "00:06:29", "text": "found out a lot more about how he did"}, {"start": "00:06:26", "end": "00:06:30", "text": "what he did. So the hacker got access to"}, {"start": "00:06:29", "end": "00:06:33", "text": "government employee accounts using an"}, {"start": "00:06:30", "end": "00:06:36", "text": "info stealer. After gaining access to an"}, {"start": "00:06:33", "end": "00:06:38", "text": "employee email, they would log in, add"}, {"start": "00:06:36", "end": "00:06:41", "text": "their own recovery email and start to"}, {"start": "00:06:38", "end": "00:06:43", "text": "log everything and silently listen in."}, {"start": "00:06:41", "end": "00:06:45", "text": "So first they got access and they"}, {"start": "00:06:43", "end": "00:06:47", "text": "started to listen in to understand how"}, {"start": "00:06:45", "end": "00:06:49", "text": "the guy works. I mean how do these"}, {"start": "00:06:47", "end": "00:06:50", "text": "regulators work just starts listening"}, {"start": "00:06:49", "end": "00:06:52", "text": "reading emails understanding the format"}, {"start": "00:06:50", "end": "00:06:55", "text": "understanding how they communicate so he"}, {"start": "00:06:52", "end": "00:06:58", "text": "could then could emulate that. Then he"}, {"start": "00:06:55", "end": "00:07:00", "text": "actually started to send out emails to"}, {"start": "00:06:58", "end": "00:07:02", "text": "to victims including Revolute trying to"}, {"start": "00:07:00", "end": "00:07:05", "text": "get the information. So he sent emails"}, {"start": "00:07:02", "end": "00:07:07", "text": "and to not get caught he would instantly"}, {"start": "00:07:05", "end": "00:07:09", "text": "delete any emails he sent that was not"}, {"start": "00:07:07", "end": "00:07:11", "text": "intended for the original employee. So"}, {"start": "00:07:09", "end": "00:07:13", "text": "the original guy, the employee, the"}, {"start": "00:07:11", "end": "00:07:16", "text": "plebe in the in the government office."}, {"start": "00:07:13", "end": "00:07:17", "text": "He's clocking in 9:00 a.m. clocking in."}, {"start": "00:07:16", "end": "00:07:20", "text": "He's checking what's happening in the"}, {"start": "00:07:17", "end": "00:07:21", "text": "email inbox. The hacker delete delete"}, {"start": "00:07:20", "end": "00:07:23", "text": "the email that he sent. He deletes from"}, {"start": "00:07:21", "end": "00:07:25", "text": "the sent outbox. So the playbook comes"}, {"start": "00:07:23", "end": "00:07:27", "text": "in working, working, working. He sees"}, {"start": "00:07:25", "end": "00:07:29", "text": "nothing unusual. Nothing unusual. He"}, {"start": "00:07:27", "end": "00:07:31", "text": "goes to work. Sorry. He goes home. He"}, {"start": "00:07:29", "end": "00:07:33", "text": "goes home. Hacker bum bum bum. Send"}, {"start": "00:07:31", "end": "00:07:34", "text": "email. Send email. Send email. Send"}, {"start": "00:07:33", "end": "00:07:37", "text": "email. Remove. Remove. Remove. Remove."}, {"start": "00:07:34", "end": "00:07:39", "text": "So there there are no local copies. Play"}, {"start": "00:07:37", "end": "00:07:41", "text": "back 9:00 am not nothing to be seen."}, {"start": "00:07:39", "end": "00:07:43", "text": "Everything is good. So the inbox was"}, {"start": "00:07:41", "end": "00:07:46", "text": "checked 247 for any new response to the"}, {"start": "00:07:43", "end": "00:07:49", "text": "hacker sent emails upon receiving one."}, {"start": "00:07:46", "end": "00:07:51", "text": "So then revolute answers the hacker sees"}, {"start": "00:07:49", "end": "00:07:53", "text": "the hacker would instantly download the"}, {"start": "00:07:51", "end": "00:07:56", "text": "the file the the email and delete it"}, {"start": "00:07:53", "end": "00:07:57", "text": "before original employee notice."}, {"start": "00:07:56", "end": "00:07:59", "text": "[laughter]"}, {"start": "00:07:57", "end": "00:08:03", "text": "Man,"}, {"start": "00:07:59", "end": "00:08:05", "text": "the hacker says that at first he used to"}, {"start": "00:08:03", "end": "00:08:07", "text": "forge court orders but quickly realized"}, {"start": "00:08:05", "end": "00:08:09", "text": "that this wouldn't work for Revolute."}, {"start": "00:08:07", "end": "00:08:10", "text": "After some research, they decided to the"}, {"start": "00:08:09", "end": "00:08:14", "text": "best entity to target was Revolute"}, {"start": "00:08:10", "end": "00:08:17", "text": "Lithuania based Revolute Bank UAB which"}, {"start": "00:08:14", "end": "00:08:19", "text": "would respond to European investigation"}, {"start": "00:08:17", "end": "00:08:21", "text": "order. Oi, with this stolen email, the"}, {"start": "00:08:19", "end": "00:08:23", "text": "hacker sent one request originally 5"}, {"start": "00:08:21", "end": "00:08:26", "text": "months ago attached below. Revolute"}, {"start": "00:08:23", "end": "00:08:29", "text": "believed it, thinking it was the Italian"}, {"start": "00:08:26", "end": "00:08:32", "text": "government, and complied with the order."}, {"start": "00:08:29", "end": "00:08:36", "text": "Ay, from the hacked email, the hacker"}, {"start": "00:08:32", "end": "00:08:37", "text": "was able to control and um uh and emails"}, {"start": "00:08:36", "end": "00:08:40", "text": "that look like they genuinely came from"}, {"start": "00:08:37", "end": "00:08:41", "text": "multiple Italian government email"}, {"start": "00:08:40", "end": "00:08:43", "text": "addresses. The hacker continually sent"}, {"start": "00:08:41", "end": "00:08:45", "text": "out requests over the course of five"}, {"start": "00:08:43", "end": "00:08:48", "text": "months. Not once did Revolute ask"}, {"start": "00:08:45", "end": "00:08:50", "text": "questions or not send over the"}, {"start": "00:08:48", "end": "00:08:53", "text": "information. Oh my god, Revolute, what's"}, {"start": "00:08:50", "end": "00:08:55", "text": "happening? Revolute. Revolute, what's"}, {"start": "00:08:53", "end": "00:08:57", "text": "happening? In one incident, the hacker"}, {"start": "00:08:55", "end": "00:08:58", "text": "accidentally sent the wrong document."}, {"start": "00:08:57", "end": "00:09:00", "text": "Instead of realizing what was going on,"}, {"start": "00:08:58", "end": "00:09:02", "text": "Revolute support guided them on what to"}, {"start": "00:09:00", "end": "00:09:05", "text": "change. [laughter]"}, {"start": "00:09:02", "end": "00:09:07", "text": "We remain in contact. Oh, I I mean I I"}, {"start": "00:09:05", "end": "00:09:10", "text": "almost you see I mean for this kind of"}, {"start": "00:09:07", "end": "00:09:12", "text": "stuff hacker here, okay, all the victims"}, {"start": "00:09:10", "end": "00:09:14", "text": "very sorry or very sorry if your info is"}, {"start": "00:09:12", "end": "00:09:17", "text": "leaked. But actually the hacker here is"}, {"start": "00:09:14", "end": "00:09:20", "text": "doing something I don't want to say good"}, {"start": "00:09:17", "end": "00:09:22", "text": "but a bit slightly in the positive"}, {"start": "00:09:20", "end": "00:09:25", "text": "direction because everyone understands"}, {"start": "00:09:22", "end": "00:09:27", "text": "you cannot be this retardio with KYC I"}, {"start": "00:09:25", "end": "00:09:29", "text": "mean okay KYC good but maybe use your"}, {"start": "00:09:27", "end": "00:09:31", "text": "brain maybe double check maybe don't"}, {"start": "00:09:29", "end": "00:09:33", "text": "comply fast maybe ask for a court order"}, {"start": "00:09:31", "end": "00:09:35", "text": "actual court order maybe have some"}, {"start": "00:09:33", "end": "00:09:37", "text": "lawyer just double check with your"}, {"start": "00:09:35", "end": "00:09:39", "text": "lawyer maybe uh ask do you really need"}, {"start": "00:09:37", "end": "00:09:41", "text": "all the data like do you really need all"}, {"start": "00:09:39", "end": "00:09:43", "text": "the data why where is the court order"}, {"start": "00:09:41", "end": "00:09:45", "text": "where is the legal parag paragraph in"}, {"start": "00:09:43", "end": "00:09:47", "text": "the law book that I have to follow it. I"}, {"start": "00:09:45", "end": "00:09:49", "text": "mean use your brain man. Use your brain"}, {"start": "00:09:47", "end": "00:09:51", "text": "at least somehow. I mean at least"}, {"start": "00:09:49", "end": "00:09:54", "text": "protect your clients a little bit. I"}, {"start": "00:09:51", "end": "00:09:57", "text": "mean a slightly protect a bit protection"}, {"start": "00:09:54", "end": "00:09:59", "text": "but you know I mean maybe maybe small"}, {"start": "00:09:57", "end": "00:10:02", "text": "protection some some kind of"}, {"start": "00:09:59", "end": "00:10:06", "text": "doublecheing maybe some kind of lawyer"}, {"start": "00:10:02", "end": "00:10:07", "text": "can no just send everything. You send"}, {"start": "00:10:06", "end": "00:10:10", "text": "everything zip file. Boop boop. All"}, {"start": "00:10:07", "end": "00:10:14", "text": "good. So I mean it seems that if this is"}, {"start": "00:10:10", "end": "00:10:18", "text": "correct, Revolute deserves this hack"}, {"start": "00:10:14", "end": "00:10:20", "text": "100%. Uh okay and uh they should pay the"}, {"start": "00:10:18", "end": "00:10:22", "text": "ransom. Okay. And uh they should protect"}, {"start": "00:10:20", "end": "00:10:24", "text": "their clients by paying the ransom"}, {"start": "00:10:22", "end": "00:10:25", "text": "because if you get uh hacked and it's"}, {"start": "00:10:24", "end": "00:10:28", "text": "not even a hacked I mean they just"}, {"start": "00:10:25", "end": "00:10:30", "text": "literally gave out all their data. O I"}, {"start": "00:10:28", "end": "00:10:32", "text": "mean they should be punished heavily as"}, {"start": "00:10:30", "end": "00:10:35", "text": "a company. They should lose the profit."}, {"start": "00:10:32", "end": "00:10:36", "text": "They should lose trust. Oo it's crazy"}, {"start": "00:10:35", "end": "00:10:37", "text": "guys. It's crazy. Anyway we have a lot"}, {"start": "00:10:36", "end": "00:10:40", "text": "to discuss. Welcome everyone who's"}, {"start": "00:10:37", "end": "00:10:42", "text": "watching live. Welcome, welcome,"}, {"start": "00:10:40", "end": "00:10:44", "text": "welcome. Big shout out to Dab for time"}, {"start": "00:10:42", "end": "00:10:46", "text": "stamping us today. Smash up the like as"}, {"start": "00:10:44", "end": "00:10:48", "text": "soon as possible. Subscribe to the"}, {"start": "00:10:46", "end": "00:10:52", "text": "channel as soon as possible. Also guys,"}, {"start": "00:10:48", "end": "00:10:54", "text": "you are exploding Kalia guys. Kalia, you"}, {"start": "00:10:52", "end": "00:10:56", "text": "know that we have this deal with Kalia."}, {"start": "00:10:54", "end": "00:10:58", "text": "By the way, now to get the Kali starter"}, {"start": "00:10:56", "end": "00:11:00", "text": "pack, go to the first link in"}, {"start": "00:10:58", "end": "00:11:02", "text": "description, enter your email, and we're"}, {"start": "00:11:00", "end": "00:11:04", "text": "going to send you the Kouch starter"}, {"start": "00:11:02", "end": "00:11:06", "text": "pack. And then whenever we have a new"}, {"start": "00:11:04", "end": "00:11:09", "text": "deal for exchanges, you're going to be"}, {"start": "00:11:06", "end": "00:11:10", "text": "getting it as well. So boom.com/calchi"}, {"start": "00:11:09", "end": "00:11:13", "text": "is the first link in description. You"}, {"start": "00:11:10", "end": "00:11:15", "text": "see what you get right here. But most"}, {"start": "00:11:13", "end": "00:11:18", "text": "importantly with couch is it's a like by"}, {"start": "00:11:15", "end": "00:11:20", "text": "bit. It's perex but it's fully regulated"}, {"start": "00:11:18", "end": "00:11:21", "text": "in the US and you get all tax documents"}, {"start": "00:11:20", "end": "00:11:23", "text": "and if you're not in the US you still"}, {"start": "00:11:21", "end": "00:11:25", "text": "can use it. I mean it's global. It's"}, {"start": "00:11:23", "end": "00:11:27", "text": "global but US specifically is the first"}, {"start": "00:11:25", "end": "00:11:30", "text": "one that has metals that has everything."}, {"start": "00:11:27", "end": "00:11:32", "text": "It's like buy US. So for the US is a big"}, {"start": "00:11:30", "end": "00:11:34", "text": "thing. You get all the tax documents"}, {"start": "00:11:32", "end": "00:11:35", "text": "generated. If you come, you use the"}, {"start": "00:11:34", "end": "00:11:37", "text": "first link in description, you enter"}, {"start": "00:11:35", "end": "00:11:38", "text": "your email, you get the Kouchi starter"}, {"start": "00:11:37", "end": "00:11:41", "text": "pack with all of the links how to join"}, {"start": "00:11:38", "end": "00:11:43", "text": "with to get all of this. And also in the"}, {"start": "00:11:41", "end": "00:11:44", "text": "future when we have good deals for you,"}, {"start": "00:11:43", "end": "00:11:46", "text": "we're also going to send you because in"}, {"start": "00:11:44", "end": "00:11:47", "text": "this bull market, you you I mean, we're"}, {"start": "00:11:46", "end": "00:11:49", "text": "going to negotiate heavily. We're going"}, {"start": "00:11:47", "end": "00:11:52", "text": "to negotiate hard with the exchanges."}, {"start": "00:11:49", "end": "00:11:53", "text": "So, so they give us as much as possible."}, {"start": "00:11:52", "end": "00:11:55", "text": "And also, guys, we we're actually"}, {"start": "00:11:53", "end": "00:11:57", "text": "speaking now with Kalia because you guys"}, {"start": "00:11:55", "end": "00:12:00", "text": "have been joining like like hell, okay?"}, {"start": "00:11:57", "end": "00:12:02", "text": "you've been using this this uh deal a"}, {"start": "00:12:00", "end": "00:12:03", "text": "lot. So uh they are they are impressed."}, {"start": "00:12:02", "end": "00:12:07", "text": "They're impressed. They're like, \"Holy"}, {"start": "00:12:03", "end": "00:12:10", "text": " fantastic.\" And basically now uh"}, {"start": "00:12:07", "end": "00:12:13", "text": "if you join using uh our our link,"}, {"start": "00:12:10", "end": "00:12:15", "text": "basically go to boommy.com/calshi."}, {"start": "00:12:13", "end": "00:12:16", "text": "Enter your email in when you enter your"}, {"start": "00:12:15", "end": "00:12:18", "text": "email, you're going to get the starter"}, {"start": "00:12:16", "end": "00:12:21", "text": "pack on your email. Basically a link to"}, {"start": "00:12:18", "end": "00:12:24", "text": "Kali. You sign up if you start trading"}, {"start": "00:12:21", "end": "00:12:28", "text": "and you and you have more than $50 in"}, {"start": "00:12:24", "end": "00:12:30", "text": "volume. one of one of you on random just"}, {"start": "00:12:28", "end": "00:12:33", "text": "on random you're going to get a $1,000"}, {"start": "00:12:30", "end": "00:12:34", "text": "giveaway uh just random they're going to"}, {"start": "00:12:33", "end": "00:12:36", "text": "just pick someone random from our"}, {"start": "00:12:34", "end": "00:12:40", "text": "community that sign ups signs up using"}, {"start": "00:12:36", "end": "00:12:41", "text": "our link and uh trades at least 50 $50"}, {"start": "00:12:40", "end": "00:12:44", "text": "volume which I mean you can put in $1"}, {"start": "00:12:41", "end": "00:12:46", "text": "you can do 5x you have sorry you can put"}, {"start": "00:12:44", "end": "00:12:48", "text": "$10 you can do 5x you have you have $50"}, {"start": "00:12:46", "end": "00:12:49", "text": "volume so anyway guys first link of"}, {"start": "00:12:48", "end": "00:12:52", "text": "description how sheet that's number one"}, {"start": "00:12:49", "end": "00:12:54", "text": "to get the uh starter pack second link"}, {"start": "00:12:52", "end": "00:12:56", "text": "of description is the newsletter you"}, {"start": "00:12:54", "end": "00:12:58", "text": "love the newsletter. You are you are"}, {"start": "00:12:56", "end": "00:13:00", "text": "amazed by the newsletter. We're sending"}, {"start": "00:12:58", "end": "00:13:02", "text": "you free newsletter every week about the"}, {"start": "00:13:00", "end": "00:13:03", "text": "markets. Just sign up here and here also"}, {"start": "00:13:02", "end": "00:13:05", "text": "I have something special for you."}, {"start": "00:13:03", "end": "00:13:07", "text": "Sweeten the deal because one of you are"}, {"start": "00:13:05", "end": "00:13:09", "text": "going to get the free copy of Big"}, {"start": "00:13:07", "end": "00:13:12", "text": "Profits. Every week we're giving away a"}, {"start": "00:13:09", "end": "00:13:14", "text": "free copy of the big fat juicy profits"}, {"start": "00:13:12", "end": "00:13:17", "text": "if you enter. So that's that guys. Dub,"}, {"start": "00:13:14", "end": "00:13:19", "text": "welcome. Let's go. Let's go with um uh"}, {"start": "00:13:17", "end": "00:13:22", "text": "with with the content."}, {"start": "00:13:19", "end": "00:13:26", "text": "Guys, we are seeing massive massive"}, {"start": "00:13:22", "end": "00:13:29", "text": "massive wealth shift towards crypto"}, {"start": "00:13:26", "end": "00:13:31", "text": "towards crypto. Uh just a as a reminder"}, {"start": "00:13:29", "end": "00:13:33", "text": "here from team draper what's going to"}, {"start": "00:13:31", "end": "00:13:36", "text": "happen. And uh I just want to remind"}, {"start": "00:13:33", "end": "00:13:37", "text": "everyone to not be uh cute. You know, I"}, {"start": "00:13:36", "end": "00:13:39", "text": "said on Twitter, don't be cute here."}, {"start": "00:13:37", "end": "00:13:40", "text": "It's time to be bullish. Don't don't"}, {"start": "00:13:39", "end": "00:13:42", "text": "care about volatility. Now it's time to"}, {"start": "00:13:40", "end": "00:13:45", "text": "be bull. Now it's time to be bullard."}, {"start": "00:13:42", "end": "00:13:48", "text": "Now it's time to be bull bull bull."}, {"start": "00:13:45", "end": "00:13:49", "text": "Listen to this. And we're about to go"}, {"start": "00:13:48", "end": "00:13:53", "text": "through"}, {"start": "00:13:49", "end": "00:13:56", "text": "a major anthropological change as big as"}, {"start": "00:13:53", "end": "00:13:58", "text": "like when currency was invented. It's"}, {"start": "00:13:56", "end": "00:14:01", "text": "that big. And it's going to make the"}, {"start": "00:13:58", "end": "00:14:03", "text": "world much much wealthier. But those of"}, {"start": "00:14:01", "end": "00:14:06", "text": "us who have Bitcoin are going to be the"}, {"start": "00:14:03", "end": "00:14:08", "text": "ones who basically are the ones who are"}, {"start": "00:14:06", "end": "00:14:12", "text": "going to help steer the world after this"}, {"start": "00:14:08", "end": "00:14:15", "text": "cataclysmic event. So go and I don't"}, {"start": "00:14:12", "end": "00:14:17", "text": "have to tell you guys. Go out there, buy"}, {"start": "00:14:15", "end": "00:14:20", "text": "Bitcoin. Tell all your loved ones to buy"}, {"start": "00:14:17", "end": "00:14:22", "text": "Bitcoin. All the businesses you're"}, {"start": "00:14:20", "end": "00:14:24", "text": "related to, tell them to buy some"}, {"start": "00:14:22", "end": "00:14:27", "text": "Bitcoin and tell governments to buy"}, {"start": "00:14:24", "end": "00:14:30", "text": "Bitcoin. And so that we don't have this"}, {"start": "00:14:27", "end": "00:14:32", "text": "cataclysmic event that could really"}, {"start": "00:14:30", "end": "00:14:36", "text": "scares me. And I don't get scared"}, {"start": "00:14:32", "end": "00:14:40", "text": "easily. I am almost fearless, but the"}, {"start": "00:14:36", "end": "00:14:42", "text": "that event that's a little scary. So go"}, {"start": "00:14:40", "end": "00:14:45", "text": "out there. Hey, you're you're in the"}, {"start": "00:14:42", "end": "00:14:48", "text": "right place right here. You look around,"}, {"start": "00:14:45", "end": "00:14:50", "text": "these people are seeing the future."}, {"start": "00:14:48", "end": "00:14:52", "text": ">> So what he's speaking about here is that"}, {"start": "00:14:50", "end": "00:14:54", "text": "the the trust in government debt and the"}, {"start": "00:14:52", "end": "00:14:56", "text": "overall financial system is disappearing"}, {"start": "00:14:54", "end": "00:14:59", "text": "very very fast. For example, you have"}, {"start": "00:14:56", "end": "00:15:02", "text": "such a high interest rate now for 30year"}, {"start": "00:14:59", "end": "00:15:04", "text": "uh bonds. Look here, 5.3%. It's very"}, {"start": "00:15:02", "end": "00:15:06", "text": "very high. It's extremely high. So"}, {"start": "00:15:04", "end": "00:15:09", "text": "there's low demand for government debt."}, {"start": "00:15:06", "end": "00:15:12", "text": "And as we're going through this, you see"}, {"start": "00:15:09", "end": "00:15:14", "text": "that it's not only the US, it's also"}, {"start": "00:15:12", "end": "00:15:17", "text": "Germany, it's also France. You look at"}, {"start": "00:15:14", "end": "00:15:19", "text": "France uh debt yield. Let's actually see"}, {"start": "00:15:17", "end": "00:15:21", "text": "how it has progressed. France is like"}, {"start": "00:15:19", "end": "00:15:23", "text": "bankrupt, guys. If you haven't noticed,"}, {"start": "00:15:21", "end": "00:15:25", "text": "if you haven't heard, France is more or"}, {"start": "00:15:23", "end": "00:15:27", "text": "less bankrupt. I don't understand how"}, {"start": "00:15:25", "end": "00:15:28", "text": "you can be bankrupt when you have like"}, {"start": "00:15:27", "end": "00:15:30", "text": "such high tax. Like, how can it be"}, {"start": "00:15:28", "end": "00:15:32", "text": "bankrupt? There's something wrong with"}, {"start": "00:15:30", "end": "00:15:35", "text": "the head. You take so much tax, you're"}, {"start": "00:15:32", "end": "00:15:37", "text": "still bankrupt. How? It's it's crazy,"}, {"start": "00:15:35", "end": "00:15:42", "text": "man. But look here. the the the French"}, {"start": "00:15:37", "end": "00:15:44", "text": "10-year bond yield is going up a lot a"}, {"start": "00:15:42", "end": "00:15:46", "text": "lot. They borrow and they borrow and"}, {"start": "00:15:44", "end": "00:15:48", "text": "they borrow and uh they they they don't"}, {"start": "00:15:46", "end": "00:15:51", "text": "have any other way to finance their"}, {"start": "00:15:48", "end": "00:15:53", "text": "budget just borrowing and they cannot"}, {"start": "00:15:51", "end": "00:15:54", "text": "raise tax because it's already so high."}, {"start": "00:15:53", "end": "00:15:57", "text": "They cannot do anything. I mean they"}, {"start": "00:15:54", "end": "00:15:59", "text": "cannot increase the pension age because"}, {"start": "00:15:57", "end": "00:16:03", "text": "they're going to have revolution. You"}, {"start": "00:15:59", "end": "00:16:04", "text": "understand? Look here. Is the highest uh"}, {"start": "00:16:03", "end": "00:16:06", "text": "yeah there's not even on the chart how"}, {"start": "00:16:04", "end": "00:16:10", "text": "high it is. Okay. In over 10 years is"}, {"start": "00:16:06", "end": "00:16:12", "text": "the highest. So this is France. At the"}, {"start": "00:16:10", "end": "00:16:14", "text": "same time, uh Germany, it's not like"}, {"start": "00:16:12", "end": "00:16:18", "text": "Germany is better. Germany is very very"}, {"start": "00:16:14", "end": "00:16:20", "text": "very very bad. Germany yields. Let's see"}, {"start": "00:16:18", "end": "00:16:22", "text": "Germany bond yields what's happening"}, {"start": "00:16:20", "end": "00:16:26", "text": "very similar situation where it is the"}, {"start": "00:16:22", "end": "00:16:27", "text": "highest also in in over 10 years. I mean"}, {"start": "00:16:26", "end": "00:16:29", "text": "it's over borrowment. And when the"}, {"start": "00:16:27", "end": "00:16:33", "text": "interest rate is is this high, it means"}, {"start": "00:16:29", "end": "00:16:35", "text": "that the market is worried about um"}, {"start": "00:16:33", "end": "00:16:37", "text": "inflation. The market is worried about"}, {"start": "00:16:35", "end": "00:16:39", "text": "the the country itself because it"}, {"start": "00:16:37", "end": "00:16:41", "text": "demands high interest rate. When you"}, {"start": "00:16:39", "end": "00:16:44", "text": "have a country when you have a debtor"}, {"start": "00:16:41", "end": "00:16:47", "text": "detor that is risky you demand high"}, {"start": "00:16:44", "end": "00:16:49", "text": "interest rate so your risk is paid for."}, {"start": "00:16:47", "end": "00:16:52", "text": "So in this case Germany is having the"}, {"start": "00:16:49", "end": "00:16:54", "text": "same problem. I mean you look anywhere"}, {"start": "00:16:52", "end": "00:16:56", "text": "it's uh it's very similar. Now, the"}, {"start": "00:16:54", "end": "00:16:59", "text": "interesting thing is, guys, you remember"}, {"start": "00:16:56", "end": "00:17:01", "text": "Greece? Uh, I heard the other day that"}, {"start": "00:16:59", "end": "00:17:04", "text": "Greece actually has a lower yield than"}, {"start": "00:17:01", "end": "00:17:06", "text": "the Let me actually check. Greece 10year"}, {"start": "00:17:04", "end": "00:17:07", "text": "bond yield. Let's actually see if it's"}, {"start": "00:17:06", "end": "00:17:11", "text": "if it's correct. I just heard the other"}, {"start": "00:17:07", "end": "00:17:14", "text": "day that it's uh that Greece has better"}, {"start": "00:17:11", "end": "00:17:17", "text": "f Exactly. Look here. Greece has better"}, {"start": "00:17:14", "end": "00:17:19", "text": "finances than France. The you know,"}, {"start": "00:17:17", "end": "00:17:21", "text": "Greece Greece the the thing that almost"}, {"start": "00:17:19", "end": "00:17:24", "text": "collapsed the euro. Everyone was"}, {"start": "00:17:21", "end": "00:17:27", "text": "laughing at how bad Greece economy is."}, {"start": "00:17:24", "end": "00:17:29", "text": "Haha. You know, the the lazy Greeks."}, {"start": "00:17:27", "end": "00:17:31", "text": "Haha. Look here. France's 10-year yield"}, {"start": "00:17:29", "end": "00:17:35", "text": "is 4.5%."}, {"start": "00:17:31", "end": "00:17:38", "text": "Greek 10-year yield is 4.3%. So, Greece"}, {"start": "00:17:35", "end": "00:17:42", "text": "can borrow money at a cheaper rate than"}, {"start": "00:17:38", "end": "00:17:45", "text": "France because Greece is more stable and"}, {"start": "00:17:42", "end": "00:17:47", "text": "more promising than France. Fantastic."}, {"start": "00:17:45", "end": "00:17:49", "text": "Fantastic. And Greece has done many"}, {"start": "00:17:47", "end": "00:17:50", "text": "great things. For example, they're now"}, {"start": "00:17:49", "end": "00:17:53", "text": "attracting a lot of millionaires from"}, {"start": "00:17:50", "end": "00:17:55", "text": "many countries by having low tax, by"}, {"start": "00:17:53", "end": "00:17:57", "text": "having good attractive visa, by having"}, {"start": "00:17:55", "end": "00:18:00", "text": "good tax regime. I mean, a lot of the"}, {"start": "00:17:57", "end": "00:18:02", "text": "European countries including Greece. I"}, {"start": "00:18:00", "end": "00:18:04", "text": "believe Portugal in the past also had"}, {"start": "00:18:02", "end": "00:18:07", "text": "something Italy, Italy also, they offer"}, {"start": "00:18:04", "end": "00:18:08", "text": "super low tax to wealthy people."}, {"start": "00:18:07", "end": "00:18:11", "text": "Normally, when you look at, let's say,"}, {"start": "00:18:08", "end": "00:18:14", "text": "Greece or Italy, you see, wow, wow, it's"}, {"start": "00:18:11", "end": "00:18:17", "text": "so high tax, so high tax. Yeah. on"}, {"start": "00:18:14", "end": "00:18:19", "text": "salary is high, but if you move in as a"}, {"start": "00:18:17", "end": "00:18:23", "text": "foreigner and you have a lot of money,"}, {"start": "00:18:19", "end": "00:18:25", "text": "you can get a uh a uh lump sum taxation,"}, {"start": "00:18:23", "end": "00:18:26", "text": "meaning that let's say you pay 100k per"}, {"start": "00:18:25", "end": "00:18:29", "text": "year. I now think it's they increase it"}, {"start": "00:18:26", "end": "00:18:31", "text": "to like 300k in Italy. But listen, if"}, {"start": "00:18:29", "end": "00:18:33", "text": "you are a billionaire, you pay 300k,"}, {"start": "00:18:31", "end": "00:18:35", "text": "you're done. You're done. You pay 300k,"}, {"start": "00:18:33", "end": "00:18:36", "text": "they don't care about you. They don't"}, {"start": "00:18:35", "end": "00:18:38", "text": "care about your assets, where you have"}, {"start": "00:18:36", "end": "00:18:40", "text": "your asset. You don't have to report"}, {"start": "00:18:38", "end": "00:18:42", "text": "foreign assets. You don't have to report"}, {"start": "00:18:40", "end": "00:18:44", "text": "anything. You just pay 300k and that's"}, {"start": "00:18:42", "end": "00:18:46", "text": "it. That's very attractive and that's"}, {"start": "00:18:44", "end": "00:18:49", "text": "extremely attractive. So they're smart."}, {"start": "00:18:46", "end": "00:18:51", "text": "UK on the other hand is removing nondom."}, {"start": "00:18:49", "end": "00:18:53", "text": "They had UK had similar they had non"}, {"start": "00:18:51", "end": "00:18:57", "text": "dom. They removed it because again I"}, {"start": "00:18:53", "end": "00:19:01", "text": "mean yeah"}, {"start": "00:18:57", "end": "00:19:03", "text": "guys UK 5.4. Oh my god. Yeah. UK is the"}, {"start": "00:19:01", "end": "00:19:05", "text": "worst of the bunch. UK is doing the"}, {"start": "00:19:03", "end": "00:19:06", "text": "worst. I mean the higher it is guys the"}, {"start": "00:19:05", "end": "00:19:09", "text": "more expensive it is for the government"}, {"start": "00:19:06", "end": "00:19:11", "text": "to borrow. And Greece by the way Greece"}, {"start": "00:19:09", "end": "00:19:14", "text": "has 4.3."}, {"start": "00:19:11", "end": "00:19:19", "text": "UK has to pay 5.3"}, {"start": "00:19:14", "end": "00:19:21", "text": "uh% per year on their 10year uh debt if"}, {"start": "00:19:19", "end": "00:19:23", "text": "they want to borrow money for for 10"}, {"start": "00:19:21", "end": "00:19:25", "text": "years. Oh yeah."}, {"start": "00:19:23", "end": "00:19:27", "text": "So guys, what's happening? Let's"}, {"start": "00:19:25", "end": "00:19:31", "text": "actually check the US because we checked"}, {"start": "00:19:27", "end": "00:19:33", "text": "US. Let me check US 10 year bond yield"}, {"start": "00:19:31", "end": "00:19:36", "text": "here. Let's check how it looks in"}, {"start": "00:19:33", "end": "00:19:39", "text": "comparison. So US 10year is 5 uh 5%. So,"}, {"start": "00:19:36", "end": "00:19:41", "text": "here's how you can quickly see see how,"}, {"start": "00:19:39", "end": "00:19:43", "text": "you know, confident the financial market"}, {"start": "00:19:41", "end": "00:19:45", "text": "is in different countries. This rating,"}, {"start": "00:19:43", "end": "00:19:47", "text": "the higher it is, the the the worse."}, {"start": "00:19:45", "end": "00:19:50", "text": "[laughter] And I love that Greece is"}, {"start": "00:19:47", "end": "00:19:50", "text": "like the best here."}, {"start": "00:19:50", "end": "00:19:55", "text": "Yeah. There we go. So, [clears throat]"}, {"start": "00:19:52", "end": "00:19:58", "text": "all in all, the the financial industry"}, {"start": "00:19:55", "end": "00:20:00", "text": "is now in a position. It's not been"}, {"start": "00:19:58", "end": "00:20:02", "text": "probably ever probably ever where the"}, {"start": "00:20:00", "end": "00:20:04", "text": "trust in the government debt is"}, {"start": "00:20:02", "end": "00:20:07", "text": "disappearing where the inflation fears"}, {"start": "00:20:04", "end": "00:20:12", "text": "are high and Bitcoin is just now coming"}, {"start": "00:20:07", "end": "00:20:13", "text": "out from a big fat bare market. Oh,"}, {"start": "00:20:12", "end": "00:20:14", "text": "fantastic. Fantastic. And guys, this"}, {"start": "00:20:13", "end": "00:20:16", "text": "week is going to get heavy. Look here,"}, {"start": "00:20:14", "end": "00:20:18", "text": "we have Tuesday, today we have US"}, {"start": "00:20:16", "end": "00:20:20", "text": "clarity act vote. Hopefully, it's going"}, {"start": "00:20:18", "end": "00:20:22", "text": "to get passed. Wednesday, we have FOMC"}, {"start": "00:20:20", "end": "00:20:25", "text": "in decision. So, that's tomorrow. Uh"}, {"start": "00:20:22", "end": "00:20:27", "text": "Thursday, we have Japan in decision. And"}, {"start": "00:20:25", "end": "00:20:29", "text": "Friday we have Fed announcement. So"}, {"start": "00:20:27", "end": "00:20:31", "text": "heavy heavy week this week but none of"}, {"start": "00:20:29", "end": "00:20:32", "text": "it matters. It's still bull market. I"}, {"start": "00:20:31", "end": "00:20:34", "text": "can tell none of it matters. I know you"}, {"start": "00:20:32", "end": "00:20:35", "text": "you guys are probably worried. You are"}, {"start": "00:20:34", "end": "00:20:36", "text": "monitoring. You're thinking Ivan what's"}, {"start": "00:20:35", "end": "00:20:38", "text": "going to happen? What's going to happen?"}, {"start": "00:20:36", "end": "00:20:40", "text": "You know we need to monitor this. We"}, {"start": "00:20:38", "end": "00:20:43", "text": "need to monitor that. I can tell you"}, {"start": "00:20:40", "end": "00:20:46", "text": "guys none of this nothing matters for"}, {"start": "00:20:43", "end": "00:20:47", "text": "Bitcoin bull market. Nothing matters. I"}, {"start": "00:20:46", "end": "00:20:49", "text": "mean nothing matters for Rickon bull"}, {"start": "00:20:47", "end": "00:20:51", "text": "market and we already discuss it at"}, {"start": "00:20:49", "end": "00:20:53", "text": "length. Higher interest rate good. It"}, {"start": "00:20:51", "end": "00:20:55", "text": "doesn't matter. Last bull market also"}, {"start": "00:20:53", "end": "00:20:56", "text": "started with higher interest rates. It"}, {"start": "00:20:55", "end": "00:20:59", "text": "doesn't matter what else you have. Iran."}, {"start": "00:20:56", "end": "00:21:01", "text": "Iran. We had Iran now since March. Okay."}, {"start": "00:20:59", "end": "00:21:03", "text": "We had Iran since March. Look here."}, {"start": "00:21:01", "end": "00:21:04", "text": "Interest rate. Last bull market started."}, {"start": "00:21:03", "end": "00:21:06", "text": "Interest rates went up. You see here"}, {"start": "00:21:04", "end": "00:21:09", "text": "they they went up. They went up. They"}, {"start": "00:21:06", "end": "00:21:10", "text": "went up one, two, three, four times"}, {"start": "00:21:09", "end": "00:21:13", "text": "right after the bull market started. So"}, {"start": "00:21:10", "end": "00:21:16", "text": "doesn't matter. Clarency Act if it"}, {"start": "00:21:13", "end": "00:21:19", "text": "passes catalyst. Good, good, good. So to"}, {"start": "00:21:16", "end": "00:21:20", "text": "the downside, none of it matters. Um"}, {"start": "00:21:19", "end": "00:21:22", "text": "there's nothing that matters to the"}, {"start": "00:21:20", "end": "00:21:25", "text": "downside. to the upside. Any of it can"}, {"start": "00:21:22", "end": "00:21:28", "text": "trigger pump. Claris act past pump."}, {"start": "00:21:25", "end": "00:21:30", "text": "Interest rate uh see see here's the"}, {"start": "00:21:28", "end": "00:21:33", "text": "here's the positive part. Interest rate"}, {"start": "00:21:30", "end": "00:21:35", "text": "hike and bitcoin does not dump means"}, {"start": "00:21:33", "end": "00:21:40", "text": "also pump. You understand [laughter]"}, {"start": "00:21:35", "end": "00:21:42", "text": "interest rate hike would be bullish if"}, {"start": "00:21:40", "end": "00:21:44", "text": "bitcoin does not dump and maybe even"}, {"start": "00:21:42", "end": "00:21:46", "text": "pumps because then it's what I'm telling"}, {"start": "00:21:44", "end": "00:21:48", "text": "you here that it doesn't matter then"}, {"start": "00:21:46", "end": "00:21:50", "text": "everyone knows it doesn't matter. Like I"}, {"start": "00:21:48", "end": "00:21:51", "text": "know with highest likelihood it doesn't"}, {"start": "00:21:50", "end": "00:21:52", "text": "matter but imagine if you also have"}, {"start": "00:21:51", "end": "00:21:55", "text": "proof that they increase interest rate"}, {"start": "00:21:52", "end": "00:21:56", "text": "and Bitcoin doesn't care that"}, {"start": "00:21:55", "end": "00:21:58", "text": "[laughter]"}, {"start": "00:21:56", "end": "00:22:00", "text": "would be bullish. They they keep"}, {"start": "00:21:58", "end": "00:22:01", "text": "interest rate the same. Bullish. So"}, {"start": "00:22:00", "end": "00:22:02", "text": "everything is bullish guys. I mean"}, {"start": "00:22:01", "end": "00:22:05", "text": "everything is bullish. Everything is"}, {"start": "00:22:02", "end": "00:22:07", "text": "bullish now. Is everything bullish?"}, {"start": "00:22:05", "end": "00:22:12", "text": "Don't worry. Don't worry. Be happy. It's"}, {"start": "00:22:07", "end": "00:22:14", "text": "very very nice. Now um yeah. So uh all"}, {"start": "00:22:12", "end": "00:22:16", "text": "of this guys we have Hunter Biden."}, {"start": "00:22:14", "end": "00:22:20", "text": "Hunter, you know, he did the laptop"}, {"start": "00:22:16", "end": "00:22:24", "text": "laptop coin got banned by X. Elon Musk"}, {"start": "00:22:20", "end": "00:22:28", "text": "banned laptop coin from X, like the the"}, {"start": "00:22:24", "end": "00:22:32", "text": "the page. Now, Hunter Biden is begging"}, {"start": "00:22:28", "end": "00:22:33", "text": "Elon Musk to unban laptop token,"}, {"start": "00:22:32", "end": "00:22:38", "text": "[laughter]"}, {"start": "00:22:33", "end": "00:22:41", "text": "insisting he's not a scammer."}, {"start": "00:22:38", "end": "00:22:44", "text": "Hunter quoted Elon Musk referencing AI"}, {"start": "00:22:41", "end": "00:22:46", "text": "extension warnings from Rodario Amade"}, {"start": "00:22:44", "end": "00:22:48", "text": "from Anthropic and he said any chance we"}, {"start": "00:22:46", "end": "00:22:50", "text": "could get laptop token back up"}, {"start": "00:22:48", "end": "00:22:50", "text": "[laughter]"}, {"start": "00:22:50", "end": "00:22:56", "text": "laptop token is down 99.3%"}, {"start": "00:22:54", "end": "00:22:59", "text": "since [laughter] launch. Amazing guys."}, {"start": "00:22:56", "end": "00:23:01", "text": "Amazing."}, {"start": "00:22:59", "end": "00:23:02", "text": "Oh, see I mean Hunter needs to hurry"}, {"start": "00:23:01", "end": "00:23:04", "text": "because if he ever wants to be in"}, {"start": "00:23:02", "end": "00:23:06", "text": "politics he needs to do his coin. Well,"}, {"start": "00:23:04", "end": "00:23:08", "text": "he does it. Okay, he already did it"}, {"start": "00:23:06", "end": "00:23:11", "text": "before the big ethical package from"}, {"start": "00:23:08", "end": "00:23:13", "text": "Trump arrives because Trump being the"}, {"start": "00:23:11", "end": "00:23:16", "text": "most ethical guy, he did add a big"}, {"start": "00:23:13", "end": "00:23:18", "text": "ethical provision into the clarity act."}, {"start": "00:23:16", "end": "00:23:21", "text": "So if it passes, Hunter cannot go to"}, {"start": "00:23:18", "end": "00:23:21", "text": "politics. [laughter]"}, {"start": "00:23:23", "end": "00:23:29", "text": "Does that sound as how is it banned? The"}, {"start": "00:23:26", "end": "00:23:31", "text": "X page, the X page got removed. Guys,"}, {"start": "00:23:29", "end": "00:23:35", "text": "look here. layer zero, this crosschain"}, {"start": "00:23:31", "end": "00:23:38", "text": "uh tech, they just lost the private key"}, {"start": "00:23:35", "end": "00:23:39", "text": "to Wyoming's government's assets."}, {"start": "00:23:38", "end": "00:23:41", "text": "[laughter]"}, {"start": "00:23:39", "end": "00:23:42", "text": "Fantastic, man. What's happening, guys?"}, {"start": "00:23:41", "end": "00:23:45", "text": "What's happening? So, it should be"}, {"start": "00:23:42", "end": "00:23:49", "text": "decentralized and stuff, but so layer"}, {"start": "00:23:45", "end": "00:23:52", "text": "zero somehow they lost the private key"}, {"start": "00:23:49", "end": "00:23:55", "text": "to Wyoming government assets and then"}, {"start": "00:23:52", "end": "00:23:57", "text": "proceeded to lie to them about what"}, {"start": "00:23:55", "end": "00:23:59", "text": "happened."}, {"start": "00:23:57", "end": "00:24:01", "text": "What? Look here. So this new blog from"}, {"start": "00:23:59", "end": "00:24:03", "text": "chief information officer of the Wyoming"}, {"start": "00:24:01", "end": "00:24:06", "text": "stable coin has revealed a whole new"}, {"start": "00:24:03", "end": "00:24:08", "text": "cesspit of issues with layer zero. Layer"}, {"start": "00:24:06", "end": "00:24:09", "text": "zero repeated pattern of operational"}, {"start": "00:24:08", "end": "00:24:12", "text": "security failures. For example, there"}, {"start": "00:24:09", "end": "00:24:15", "text": "was even more OBSC failures beyond North"}, {"start": "00:24:12", "end": "00:24:17", "text": "Korea hacking specifically relevant. Oh"}, {"start": "00:24:15", "end": "00:24:20", "text": "yeah you guys remember this layer zero"}, {"start": "00:24:17", "end": "00:24:22", "text": "hack that affected what what coin was"}, {"start": "00:24:20", "end": "00:24:24", "text": "wrecked when layer zero got hacked? I"}, {"start": "00:24:22", "end": "00:24:27", "text": "don't remember now, but there was some"}, {"start": "00:24:24", "end": "00:24:30", "text": "coin that got majorly wrecked by layer"}, {"start": "00:24:27", "end": "00:24:32", "text": "zero getting hacked by a North Korean"}, {"start": "00:24:30", "end": "00:24:34", "text": "hacker and layer zero said, \"Oh, it's"}, {"start": "00:24:32", "end": "00:24:36", "text": "not our fault. It's not our fault.\" Uh"}, {"start": "00:24:34", "end": "00:24:38", "text": "because you guys like read the document"}, {"start": "00:24:36", "end": "00:24:41", "text": "incorrectly. So, you you you configured"}, {"start": "00:24:38", "end": "00:24:43", "text": "layer zero incorrectly. So, uh that's uh"}, {"start": "00:24:41", "end": "00:24:45", "text": "you see a pattern here where layer zero"}, {"start": "00:24:43", "end": "00:24:47", "text": "is failing and they blame the client or"}, {"start": "00:24:45", "end": "00:24:50", "text": "they blame someone else or Yeah. So,"}, {"start": "00:24:47", "end": "00:24:53", "text": "next uh lost control the private key for"}, {"start": "00:24:50", "end": "00:24:55", "text": "the state of Viomic. H how do you simply"}, {"start": "00:24:53", "end": "00:24:57", "text": "just lose control of a private key which"}, {"start": "00:24:55", "end": "00:24:59", "text": "controls government [laughter] assets?"}, {"start": "00:24:57", "end": "00:25:01", "text": "Was Wyoming's token contract being"}, {"start": "00:24:59", "end": "00:25:02", "text": "entrusted with a single employee rather"}, {"start": "00:25:01", "end": "00:25:04", "text": "a set of signers? If so, what kind of"}, {"start": "00:25:02", "end": "00:25:06", "text": "employee? So, yeah. Next, inadequate"}, {"start": "00:25:04", "end": "00:25:08", "text": "disclosures about the incident. This is"}, {"start": "00:25:06", "end": "00:25:11", "text": "a polite way of saying that the LER team"}, {"start": "00:25:08", "end": "00:25:12", "text": "then proceeded to lie to the state of"}, {"start": "00:25:11", "end": "00:25:15", "text": "Wyoming about what's actually happening"}, {"start": "00:25:12", "end": "00:25:16", "text": "with the safety of their assets. If Leil"}, {"start": "00:25:15", "end": "00:25:18", "text": "is willing to cut corners on security"}, {"start": "00:25:16", "end": "00:25:21", "text": "and then lie to a government level"}, {"start": "00:25:18", "end": "00:25:23", "text": "partner, how could anyone trust them for"}, {"start": "00:25:21", "end": "00:25:26", "text": "anything? Yeah, but it's crypto guys. I"}, {"start": "00:25:23", "end": "00:25:30", "text": "mean, Wyoming government meets crypto"}, {"start": "00:25:26", "end": "00:25:30", "text": "bros. The two worlds collide."}, {"start": "00:25:31", "end": "00:25:35", "text": "Very nice. If they will Yeah. So, if"}, {"start": "00:25:34", "end": "00:25:37", "text": "they lie to a government, which could"}, {"start": "00:25:35", "end": "00:25:39", "text": "cause serious legal issues, why wouldn't"}, {"start": "00:25:37", "end": "00:25:41", "text": "they lie to other integration partners?"}, {"start": "00:25:39", "end": "00:25:43", "text": "So, guys, this is very serious. I"}, {"start": "00:25:41", "end": "00:25:46", "text": "thought this is comic. It's like comic"}, {"start": "00:25:43", "end": "00:25:48", "text": "stuff that they lose key to to Wyoming"}, {"start": "00:25:46", "end": "00:25:52", "text": "asset and then probably they then blame"}, {"start": "00:25:48", "end": "00:25:54", "text": "Wyoming. Is Sunia Lumis from Wyoming?"}, {"start": "00:25:52", "end": "00:25:55", "text": "Probably Sunia Lumis lost the key"}, {"start": "00:25:54", "end": "00:26:00", "text": "according to them. But anyway, listen."}, {"start": "00:25:55", "end": "00:26:01", "text": "Now Wyoming is switching to chain link."}, {"start": "00:26:00", "end": "00:26:03", "text": "There you go. They're now switching to"}, {"start": "00:26:01", "end": "00:26:07", "text": "chain link. So for all of you Chainlink"}, {"start": "00:26:03", "end": "00:26:10", "text": "Marines, this is um very good. Uh oh"}, {"start": "00:26:07", "end": "00:26:13", "text": "yeah this by the way the"}, {"start": "00:26:10", "end": "00:26:15", "text": "the revolute thing they did this fake"}, {"start": "00:26:13", "end": "00:26:17", "text": "court order and then what did it do here"}, {"start": "00:26:15", "end": "00:26:20", "text": "we confirm that we have taken note of"}, {"start": "00:26:17", "end": "00:26:21", "text": "what you have represented."}, {"start": "00:26:20", "end": "00:26:24", "text": "Yeah. Yeah. We apologize for"}, {"start": "00:26:21", "end": "00:26:27", "text": "communication misignment."}, {"start": "00:26:24", "end": "00:26:29", "text": "Is the hacker writing to the to to Oh,"}, {"start": "00:26:27", "end": "00:26:30", "text": "no. No. Is it's is Revolute replying to"}, {"start": "00:26:29", "end": "00:26:33", "text": "the hacker. We immediately initiate"}, {"start": "00:26:30", "end": "00:26:35", "text": "internal audit to Okay. Okay. If you"}, {"start": "00:26:33", "end": "00:26:38", "text": "require Okay."}, {"start": "00:26:35", "end": "00:26:39", "text": "Yeah. I mean, see here's getting back to"}, {"start": "00:26:38", "end": "00:26:41", "text": "the Revolute, guys. We're getting back"}, {"start": "00:26:39", "end": "00:26:42", "text": "to the Revolute. All of you who just"}, {"start": "00:26:41", "end": "00:26:44", "text": "joined the stream, big welcome. We just"}, {"start": "00:26:42", "end": "00:26:45", "text": "discussed Revolute a few minutes ago."}, {"start": "00:26:44", "end": "00:26:46", "text": "How they basically gave all the info"}, {"start": "00:26:45", "end": "00:26:51", "text": "away. You can go back and you can"}, {"start": "00:26:46", "end": "00:26:53", "text": "rewatch. But uh you see with Revolute"}, {"start": "00:26:51", "end": "00:26:55", "text": "in a way I understand why they're overly"}, {"start": "00:26:53", "end": "00:26:59", "text": "complying. They're overly complying. I"}, {"start": "00:26:55", "end": "00:27:01", "text": "mean if they get any kind of smallest"}, {"start": "00:26:59", "end": "00:27:03", "text": "request they instantly overly comply."}, {"start": "00:27:01", "end": "00:27:07", "text": "Why? Because Revolute has been under big"}, {"start": "00:27:03", "end": "00:27:09", "text": "big pressure overall as a bank because"}, {"start": "00:27:07", "end": "00:27:11", "text": "they work across borders. They do"}, {"start": "00:27:09", "end": "00:27:13", "text": "everything digital. They have no"}, {"start": "00:27:11", "end": "00:27:15", "text": "in-person meeting with the client"}, {"start": "00:27:13", "end": "00:27:18", "text": "meaning that they have massive heat from"}, {"start": "00:27:15", "end": "00:27:21", "text": "regulators. So whenever they get some"}, {"start": "00:27:18", "end": "00:27:23", "text": "kind of court order or whatever or some"}, {"start": "00:27:21", "end": "00:27:25", "text": "kind of email, they're instantly"}, {"start": "00:27:23", "end": "00:27:26", "text": "complying because they know that uh"}, {"start": "00:27:25", "end": "00:27:28", "text": "yeah, they're going to get so much heat"}, {"start": "00:27:26", "end": "00:27:31", "text": "from regulators, maybe lose their"}, {"start": "00:27:28", "end": "00:27:32", "text": "license, etc., etc. But you see, yeah,"}, {"start": "00:27:31", "end": "00:27:34", "text": "it's good that the hacker teaches them a"}, {"start": "00:27:32", "end": "00:27:37", "text": "lesson. Okay. I think it's good that"}, {"start": "00:27:34", "end": "00:27:42", "text": "they got taught a big fat lesson to take"}, {"start": "00:27:37", "end": "00:27:44", "text": "the client data seriously and uh to"}, {"start": "00:27:42", "end": "00:27:47", "text": "to yeah to work, man. To you need to"}, {"start": "00:27:44", "end": "00:27:49", "text": "work. You need to uh put an effort. You"}, {"start": "00:27:47", "end": "00:27:51", "text": "put in some effort here, man. Protect"}, {"start": "00:27:49", "end": "00:27:53", "text": "the data. I mean, a bit at least protect"}, {"start": "00:27:51", "end": "00:27:54", "text": "the data."}, {"start": "00:27:53", "end": "00:27:58", "text": "But no, they write to the hacker. We"}, {"start": "00:27:54", "end": "00:28:02", "text": "immediately initiate internal audit."}, {"start": "00:27:58", "end": "00:28:03", "text": "Okay. They they they they say, \"Oh, Mr."}, {"start": "00:28:02", "end": "00:28:07", "text": "Hacker, we immediately immediately"}, {"start": "00:28:03", "end": "00:28:07", "text": "everything immediately.\" Oh,"}, {"start": "00:28:10", "end": "00:28:16", "text": "it's crazy. It's crazy. It's crazy. It's"}, {"start": "00:28:11", "end": "00:28:16", "text": "crazy. It's crazy. Crazy."}, {"start": "00:28:17", "end": "00:28:22", "text": "Oh yeah. I I hope that every all the"}, {"start": "00:28:20", "end": "00:28:24", "text": "victims sue Revolute as much as possible"}, {"start": "00:28:22", "end": "00:28:27", "text": "get as much money. Revolute needs to"}, {"start": "00:28:24", "end": "00:28:29", "text": "learn a lesson here and all their peers"}, {"start": "00:28:27", "end": "00:28:32", "text": "like Wise and other new banks they"}, {"start": "00:28:29", "end": "00:28:35", "text": "should watch and they should learn"}, {"start": "00:28:32", "end": "00:28:37", "text": "what's happening here because"}, {"start": "00:28:35", "end": "00:28:39", "text": "Yeah. Yeah. You see the problem. It's"}, {"start": "00:28:37", "end": "00:28:42", "text": "such a big problem. such a big this over"}, {"start": "00:28:39", "end": "00:28:46", "text": "compliance has to end has to end very"}, {"start": "00:28:42", "end": "00:28:48", "text": "very uh quickly. Yeah. Uh so uh what"}, {"start": "00:28:46", "end": "00:28:52", "text": "else? Uh that's it guys. Let's go to Q&A"}, {"start": "00:28:48", "end": "00:28:54", "text": "questions answer debates for KCI starter"}, {"start": "00:28:52", "end": "00:28:56", "text": "pack first link of description and for"}, {"start": "00:28:54", "end": "00:28:58", "text": "newsletter our great great newsletter"}, {"start": "00:28:56", "end": "00:29:01", "text": "second link of description and on this"}, {"start": "00:28:58", "end": "00:29:03", "text": "note let's go to Q&A questions answers"}, {"start": "00:29:01", "end": "00:29:06", "text": "debates discussions let's go as soon as"}, {"start": "00:29:03", "end": "00:29:11", "text": "possible. Also, yesterday we did send"}, {"start": "00:29:06", "end": "00:29:14", "text": "out new Bull Mania spots to those on the"}, {"start": "00:29:11", "end": "00:29:17", "text": "uh on the wait list. So, uh check it as"}, {"start": "00:29:14", "end": "00:29:19", "text": "soon as possible. While while you think"}, {"start": "00:29:17", "end": "00:29:22", "text": "about questions, I have a very very"}, {"start": "00:29:19", "end": "00:29:25", "text": "important movie to show you about our"}, {"start": "00:29:22", "end": "00:29:27", "text": "dear dear dear Bull Mania. Listen to"}, {"start": "00:29:25", "end": "00:29:28", "text": "this."}, {"start": "00:29:27", "end": "00:29:30", "text": ">> Bmania changed my trading for the"}, {"start": "00:29:28", "end": "00:29:32", "text": "better. I reclaimed a portfolio of"}, {"start": "00:29:30", "end": "00:29:34", "text": "around $55,000."}, {"start": "00:29:32", "end": "00:29:36", "text": ">> Ariana says, \"Guys, you're amazing. You"}, {"start": "00:29:34", "end": "00:29:40", "text": "have saved me 350K. Holy crap."}, {"start": "00:29:36", "end": "00:29:43", "text": ">> I made a 30.61% [music]"}, {"start": "00:29:40", "end": "00:29:44", "text": "profit in just 4 days using the"}, {"start": "00:29:43", "end": "00:29:46", "text": "mechanical rules"}, {"start": "00:29:44", "end": "00:29:48", "text": ">> that helped me [music] to think more"}, {"start": "00:29:46", "end": "00:29:50", "text": "strategically about my overall financial"}, {"start": "00:29:48", "end": "00:29:50", "text": "picture. Everything started making sense"}, {"start": "00:29:50", "end": "00:29:52", "text": "to me."}, {"start": "00:29:50", "end": "00:29:56", "text": ">> Zen Studios, thank you guys. You saved"}, {"start": "00:29:52", "end": "00:29:57", "text": "500K in the beginning of the year. Holy"}, {"start": "00:29:56", "end": "00:29:59", "text": "crap."}, {"start": "00:29:57", "end": "00:30:02", "text": ">> My 401k account this month [music] is up"}, {"start": "00:29:59", "end": "00:30:05", "text": "26%. My walkound account is up 24% and"}, {"start": "00:30:02", "end": "00:30:06", "text": "my paper trading account is up 32%. So"}, {"start": "00:30:05", "end": "00:30:06", "text": "relaxing, you know, I can sleep again at"}, {"start": "00:30:06", "end": "00:30:09", "text": "night."}, {"start": "00:30:06", "end": "00:30:11", "text": ">> The first month that I was in Bmania, I"}, {"start": "00:30:09", "end": "00:30:14", "text": "did about 32% profit. I was not [music]"}, {"start": "00:30:11", "end": "00:30:15", "text": "anxious anymore. I could just leave my"}, {"start": "00:30:14", "end": "00:30:16", "text": "computer, go do something with my"}, {"start": "00:30:15", "end": "00:30:18", "text": "family."}, {"start": "00:30:16", "end": "00:30:21", "text": ">> Saved me about 40% of my bag or around"}, {"start": "00:30:18", "end": "00:30:22", "text": "$200,000. I saw results happening pretty"}, {"start": "00:30:21", "end": "00:30:24", "text": "[music] much right away."}, {"start": "00:30:22", "end": "00:30:27", "text": ">> Just the first three months that stop"}, {"start": "00:30:24", "end": "00:30:28", "text": "loss save me 2,000. bad one and put"}, {"start": "00:30:27", "end": "00:30:31", "text": "4,000 a"}, {"start": "00:30:28", "end": "00:30:33", "text": ">> 55% return in just under 5 weeks. I just"}, {"start": "00:30:31", "end": "00:30:37", "text": "made about $6,000. [music]"}, {"start": "00:30:33", "end": "00:30:39", "text": ">> 89K made the results came pretty fast."}, {"start": "00:30:37", "end": "00:30:43", "text": "We put my initial investment into like"}, {"start": "00:30:39", "end": "00:30:43", "text": "uh 5 to 6 weeks."}, {"start": "00:30:46", "end": "00:30:51", "text": "Bulmania."}, {"start": "00:30:49", "end": "00:30:52", "text": ">> Bulmania. [music]"}, {"start": "00:30:51", "end": "00:30:53", "text": ">> Bulmania."}, {"start": "00:30:52", "end": "00:30:54", "text": ">> Bulmania."}, {"start": "00:30:53", "end": "00:30:54", "text": ">> Bulmania."}, {"start": "00:30:54", "end": "00:30:55", "text": ">> Bulmania."}, {"start": "00:30:54", "end": "00:30:59", "text": ">> Bulmania."}, {"start": "00:30:55", "end": "00:31:00", "text": ">> This program is legit. Best thing I ever"}, {"start": "00:30:59", "end": "00:31:02", "text": "invested."}, {"start": "00:31:00", "end": "00:31:06", "text": ">> Oh yes, guys. The call will soon start."}, {"start": "00:31:02", "end": "00:31:06", "text": "Let's get you started."}, {"start": "00:31:08", "end": "00:31:13", "text": "Holy guys. Holy Big shout"}, {"start": "00:31:11", "end": "00:31:16", "text": "out to Cristiano, our cinematographer."}, {"start": "00:31:13", "end": "00:31:18", "text": "He cooked here. He cooked here. Man,"}, {"start": "00:31:16", "end": "00:31:19", "text": "this this how you do a testimonial. This"}, {"start": "00:31:18", "end": "00:31:21", "text": "how you do testimonial. You guys have"}, {"start": "00:31:19", "end": "00:31:24", "text": "seen a testimonial. I' I've never seen"}, {"start": "00:31:21", "end": "00:31:26", "text": "anything like this. Holy. This is"}, {"start": "00:31:24", "end": "00:31:30", "text": "Hollywood level. Great. You see the"}, {"start": "00:31:26", "end": "00:31:34", "text": "buildup to the crochet. Oh, fantastic."}, {"start": "00:31:30", "end": "00:31:35", "text": "See, this this this cinematography."}, {"start": "00:31:34", "end": "00:31:40", "text": "[laughter]"}, {"start": "00:31:35", "end": "00:31:42", "text": "Let's go, guys. Let's go, guys. Q&A,"}, {"start": "00:31:40", "end": "00:31:47", "text": "by the way. So"}, {"start": "00:31:42", "end": "00:31:50", "text": "um someone asked about the uh the u u"}, {"start": "00:31:47", "end": "00:31:54", "text": "big profits. So if you are already on"}, {"start": "00:31:50", "end": "00:31:56", "text": "the on the uh newsletter if you're"}, {"start": "00:31:54", "end": "00:31:58", "text": "already on the newsletter you will we"}, {"start": "00:31:56", "end": "00:32:00", "text": "will send to you as well uh in another"}, {"start": "00:31:58", "end": "00:32:03", "text": "in another raffle for now. This one is"}, {"start": "00:32:00", "end": "00:32:05", "text": "for the new newcomers to the newsletter"}, {"start": "00:32:03", "end": "00:32:08", "text": "is for the newcomers for existing guys."}, {"start": "00:32:05", "end": "00:32:11", "text": "We're going to have another raffle."}, {"start": "00:32:08", "end": "00:32:14", "text": "So yeah, let's go to Q&A as soon as"}, {"start": "00:32:11", "end": "00:32:17", "text": "possible. Ivan, I didn't get uh uh uh"}, {"start": "00:32:14", "end": "00:32:20", "text": "Insulan at 65 to 90. Started buying at"}, {"start": "00:32:17", "end": "00:32:22", "text": "94. Yeah, it flipped at like 94 bull"}, {"start": "00:32:20", "end": "00:32:24", "text": "flips. So you didn't miss anything. I"}, {"start": "00:32:22", "end": "00:32:27", "text": "got a few KS left to buy. Would you wait"}, {"start": "00:32:24", "end": "00:32:29", "text": "a bit or just buy now? Uh more stress"}, {"start": "00:32:27", "end": "00:32:31", "text": "being on the sideline now."}, {"start": "00:32:29", "end": "00:32:33", "text": "So uh when it comes to this, you know,"}, {"start": "00:32:31", "end": "00:32:37", "text": "should I put in my K? Should I not put"}, {"start": "00:32:33", "end": "00:32:38", "text": "in my K? This and that. Uh I in Bulmania"}, {"start": "00:32:37", "end": "00:32:40", "text": "Jason speaks 101 because it's very hard"}, {"start": "00:32:38", "end": "00:32:41", "text": "to say should you go all in. You're"}, {"start": "00:32:40", "end": "00:32:43", "text": "basically asking should I go all in or"}, {"start": "00:32:41", "end": "00:32:44", "text": "not all in. It's like we discussed on"}, {"start": "00:32:43", "end": "00:32:45", "text": "the private live stream yesterday in"}, {"start": "00:32:44", "end": "00:32:47", "text": "Bulman. It's like let's say you go to"}, {"start": "00:32:45", "end": "00:32:50", "text": "your gym and you ask me how much should"}, {"start": "00:32:47", "end": "00:32:52", "text": "I bench? Okay. I mean I don't know"}, {"start": "00:32:50", "end": "00:32:54", "text": "what's your goal. What's your goal? Are"}, {"start": "00:32:52", "end": "00:32:55", "text": "you powerlifter? Do you want uh do you"}, {"start": "00:32:54", "end": "00:32:57", "text": "want to get lean? Do you want to like"}, {"start": "00:32:55", "end": "00:32:59", "text": "what you're you like ask me Ivan how"}, {"start": "00:32:57", "end": "00:33:01", "text": "much should I bench? Man, I don't know"}, {"start": "00:32:59", "end": "00:33:03", "text": "how much you should bench. Let's start"}, {"start": "00:33:01", "end": "00:33:05", "text": "with the basics. What do you want?"}, {"start": "00:33:03", "end": "00:33:07", "text": "What's your goal? Bama ba bum. How much"}, {"start": "00:33:05", "end": "00:33:08", "text": "you bench now? Ba ba ba ba bum? You you"}, {"start": "00:33:07", "end": "00:33:10", "text": "want size? You want you want lean?"}, {"start": "00:33:08", "end": "00:33:11", "text": "That's what you want. It's kind of"}, {"start": "00:33:10", "end": "00:33:13", "text": "similar here. Like when you ask, should"}, {"start": "00:33:11", "end": "00:33:14", "text": "I go all in? Should I go all in? Man, I"}, {"start": "00:33:13", "end": "00:33:16", "text": "don't know what's your goal. What's your"}, {"start": "00:33:14", "end": "00:33:18", "text": "goal? Do you want to be diversified? If"}, {"start": "00:33:16", "end": "00:33:19", "text": "Solana drops 30%, are you going to be"}, {"start": "00:33:18", "end": "00:33:21", "text": "okay? I don't know anything about you,"}, {"start": "00:33:19", "end": "00:33:23", "text": "man. I don't know anything about you."}, {"start": "00:33:21", "end": "00:33:26", "text": "That's why you join Bulmania and we take"}, {"start": "00:33:23", "end": "00:33:27", "text": "care of you there and we do it properly."}, {"start": "00:33:26", "end": "00:33:29", "text": "But I can tell you that now it's time to"}, {"start": "00:33:27", "end": "00:33:31", "text": "be bullish. Now it's not time to be"}, {"start": "00:33:29", "end": "00:33:34", "text": "bearish. Time to be bearish was last"}, {"start": "00:33:31", "end": "00:33:35", "text": "October. Now it's time to be bullish. Uh"}, {"start": "00:33:34", "end": "00:33:37", "text": "if you have the question whether it's"}, {"start": "00:33:35", "end": "00:33:39", "text": "too late, it's not too late. Bitcoin"}, {"start": "00:33:37", "end": "00:33:42", "text": "just now flip bullish. It's not too"}, {"start": "00:33:39", "end": "00:33:44", "text": "late. You should still manage risk. You"}, {"start": "00:33:42", "end": "00:33:45", "text": "should mechanical rules tell you how to"}, {"start": "00:33:44", "end": "00:33:47", "text": "do everything in bul. But you should"}, {"start": "00:33:45", "end": "00:33:50", "text": "manage risk. You should set stop loss."}, {"start": "00:33:47", "end": "00:33:51", "text": "But now is time to be bullish. It's not"}, {"start": "00:33:50", "end": "00:33:53", "text": "time to be bearish. It's not time to be"}, {"start": "00:33:51", "end": "00:33:55", "text": "like overanalyzing too much or being too"}, {"start": "00:33:53", "end": "00:33:57", "text": "concerned. But you should always manage"}, {"start": "00:33:55", "end": "00:33:59", "text": "risk. It can go down always. It's"}, {"start": "00:33:57", "end": "00:34:01", "text": "probabilistic. Market is probabilistic."}, {"start": "00:33:59", "end": "00:34:02", "text": "So it's not late. Literally now we we"}, {"start": "00:34:01", "end": "00:34:06", "text": "see a bull flipping in Bitcoin, bull"}, {"start": "00:34:02", "end": "00:34:08", "text": "flipping soul. It's yeah, it's at the"}, {"start": "00:34:06", "end": "00:34:12", "text": "early early stages. Now whether whether"}, {"start": "00:34:08", "end": "00:34:14", "text": "whether you uh you you're going to do"}, {"start": "00:34:12", "end": "00:34:16", "text": "you know whether"}, {"start": "00:34:14", "end": "00:34:21", "text": "you're going to go all in or not all"}, {"start": "00:34:16", "end": "00:34:26", "text": "depends all depends uh on your strategy"}, {"start": "00:34:21", "end": "00:34:26", "text": "what you want etc etc etc."}, {"start": "00:34:28", "end": "00:34:31", "text": "Mechanical rules help you save capital."}, {"start": "00:34:29", "end": "00:34:33", "text": "Exactly. They they they protect you no"}, {"start": "00:34:31", "end": "00:34:35", "text": "matter what. Like if if you have a"}, {"start": "00:34:33", "end": "00:34:37", "text": "downside protection, you know that you"}, {"start": "00:34:35", "end": "00:34:38", "text": "can take risk. When you have downside"}, {"start": "00:34:37", "end": "00:34:40", "text": "protection, you have mechanical rules."}, {"start": "00:34:38", "end": "00:34:44", "text": "You know that you can take more bets at"}, {"start": "00:34:40", "end": "00:34:48", "text": "the market. And none of them is going to"}, {"start": "00:34:44", "end": "00:34:49", "text": "is going to you know when you when you"}, {"start": "00:34:48", "end": "00:34:52", "text": "play the market, it's not going to be"}, {"start": "00:34:49", "end": "00:34:54", "text": "100% success rate. It's it's impossible."}, {"start": "00:34:52", "end": "00:34:56", "text": "It's but that's and you know that. But"}, {"start": "00:34:54", "end": "00:34:58", "text": "if you have downside protection, you can"}, {"start": "00:34:56", "end": "00:35:01", "text": "take many bets. If you have a new bull"}, {"start": "00:34:58", "end": "00:35:04", "text": "trend and it pumps like Bitcoin did in"}, {"start": "00:35:01", "end": "00:35:07", "text": "2023, so like Solana did, you just have"}, {"start": "00:35:04", "end": "00:35:08", "text": "to ensure that you're part of something"}, {"start": "00:35:07", "end": "00:35:10", "text": "like this"}, {"start": "00:35:08", "end": "00:35:13", "text": "and you don't get wrecked. You just need"}, {"start": "00:35:10", "end": "00:35:14", "text": "a few of these trends like this and you"}, {"start": "00:35:13", "end": "00:35:16", "text": "need to protect the downside. Okay, very"}, {"start": "00:35:14", "end": "00:35:17", "text": "important. And then once you know the"}, {"start": "00:35:16", "end": "00:35:19", "text": "mechanical rules, they work on any"}, {"start": "00:35:17", "end": "00:35:21", "text": "market. They work anywhere, anywhere,"}, {"start": "00:35:19", "end": "00:35:25", "text": "anywhere. Anywhere, anywhere. That's"}, {"start": "00:35:21", "end": "00:35:25", "text": "that. That's that. Um"}, {"start": "00:35:30", "end": "00:35:34", "text": "[snorts] any new Oh yeah, let's check"}, {"start": "00:35:32", "end": "00:35:36", "text": "small PP. Did small peep do something"}, {"start": "00:35:34", "end": "00:35:41", "text": "new or no?"}, {"start": "00:35:36", "end": "00:35:41", "text": "One second. One second. There he is."}, {"start": "00:35:44", "end": "00:35:49", "text": "Let me check if small peep did something"}, {"start": "00:35:46", "end": "00:35:50", "text": "new the other."}, {"start": "00:35:49", "end": "00:35:52", "text": "No, no, Vitalik is the latest one. He's"}, {"start": "00:35:50", "end": "00:35:54", "text": "the latest one. is the latest one. Oh,"}, {"start": "00:35:52", "end": "00:35:56", "text": "yeah. It's another one, but it's it's a"}, {"start": "00:35:54", "end": "00:35:57", "text": "bit"}, {"start": "00:35:56", "end": "00:36:00", "text": "This one we haven't played, though. This"}, {"start": "00:35:57", "end": "00:36:01", "text": "one we haven't played."}, {"start": "00:36:00", "end": "00:36:05", "text": "[laughter]"}, {"start": "00:36:01", "end": "00:36:05", "text": "It's from JD Vance."}, {"start": "00:36:08", "end": "00:36:13", "text": "Every guard in the kingdom is looking"}, {"start": "00:36:10", "end": "00:36:15", "text": "for me."}, {"start": "00:36:13", "end": "00:36:19", "text": "Terrible likeness."}, {"start": "00:36:15", "end": "00:36:19", "text": ">> Can you get us inside?"}, {"start": "00:36:21", "end": "00:36:24", "text": "They're hiring."}, {"start": "00:36:37", "end": "00:36:39", "text": "[laughter]"}, {"start": "00:36:38", "end": "00:36:41", "text": "I I guess we're breaking in somewhere."}, {"start": "00:36:39", "end": "00:36:43", "text": "Bit Boy and I, they're hiring. We're"}, {"start": "00:36:41", "end": "00:36:47", "text": "like North Koreans getting job. Getting"}, {"start": "00:36:43", "end": "00:36:47", "text": "job to get on the inside."}, {"start": "00:36:51", "end": "00:36:56", "text": "Every guard in the kingdom is looking"}, {"start": "00:36:53", "end": "00:36:58", "text": "for me."}, {"start": "00:36:56", "end": "00:37:02", "text": "Terrible likeness."}, {"start": "00:36:58", "end": "00:37:02", "text": ">> Can you get us inside?"}, {"start": "00:37:04", "end": "00:37:07", "text": ">> They're hiring."}, {"start": "00:37:10", "end": "00:37:13", "text": "Anyway,"}, {"start": "00:37:19", "end": "00:37:21", "text": "big boy and I we're going to be clocking"}, {"start": "00:37:20", "end": "00:37:22", "text": "in. We're going to be clocking in on the"}, {"start": "00:37:21", "end": "00:37:24", "text": "job. Let's see what's going to happen."}, {"start": "00:37:22", "end": "00:37:27", "text": "Big big shout to small people for"}, {"start": "00:37:24", "end": "00:37:28", "text": "creating all of this Game of Thrones."}, {"start": "00:37:27", "end": "00:37:30", "text": "[laughter]"}, {"start": "00:37:28", "end": "00:37:33", "text": "Oi."}, {"start": "00:37:30", "end": "00:37:36", "text": "So, uh,"}, {"start": "00:37:33", "end": "00:37:39", "text": "more questions. More questions."}, {"start": "00:37:36", "end": "00:37:42", "text": "I sold internet market fully in Nigeria."}, {"start": "00:37:39", "end": "00:37:44", "text": "Good, good, good. [snorts]"}, {"start": "00:37:42", "end": "00:37:48", "text": "Uh,"}, {"start": "00:37:44", "end": "00:37:50", "text": "Ivan, why Rolex and not AP or Patek? I I"}, {"start": "00:37:48", "end": "00:37:54", "text": "I don't know. I like Rolex, guys. I I"}, {"start": "00:37:50", "end": "00:37:55", "text": "think it looks good. It looks good. U"}, {"start": "00:37:54", "end": "00:37:58", "text": "also, you know, I'm quite a big dude, so"}, {"start": "00:37:55", "end": "00:38:00", "text": "I need like a nice size watch. I I like"}, {"start": "00:37:58", "end": "00:38:05", "text": "how it looks, man. I like how it looks."}, {"start": "00:38:00", "end": "00:38:07", "text": "I like this uh classic style. Um,"}, {"start": "00:38:05", "end": "00:38:09", "text": "but I'm open to to other watch. I just"}, {"start": "00:38:07", "end": "00:38:14", "text": "see I I I don't want like just watch for"}, {"start": "00:38:09", "end": "00:38:18", "text": "wash sake. I have my daily daily wear. I"}, {"start": "00:38:14", "end": "00:38:20", "text": "have the Submariner here for daily,"}, {"start": "00:38:18", "end": "00:38:22", "text": "you know, just for anything. I mean,"}, {"start": "00:38:20", "end": "00:38:24", "text": "with this one, I can I can go pick"}, {"start": "00:38:22", "end": "00:38:26", "text": "potato with this one. I mean, I it's"}, {"start": "00:38:24", "end": "00:38:29", "text": "daily. If something happens, it's not"}, {"start": "00:38:26", "end": "00:38:32", "text": "it's okay. Then I have this one, the the"}, {"start": "00:38:29", "end": "00:38:35", "text": "Tiffany one for uh occasions such as"}, {"start": "00:38:32", "end": "00:38:38", "text": "this one. good good occasions such as"}, {"start": "00:38:35", "end": "00:38:40", "text": "the daily stream and then I have the"}, {"start": "00:38:38", "end": "00:38:42", "text": "gold um"}, {"start": "00:38:40", "end": "00:38:44", "text": "sky sky not skydiver what's called gold"}, {"start": "00:38:42", "end": "00:38:47", "text": "sky dweller [laughter]"}, {"start": "00:38:44", "end": "00:38:50", "text": "sky dweller that one for example my gold"}, {"start": "00:38:47", "end": "00:38:52", "text": "sky dweller I kind of don't have a use"}, {"start": "00:38:50", "end": "00:38:55", "text": "for it now I had it before uh before I"}, {"start": "00:38:52", "end": "00:38:57", "text": "got this one but now I I kind of don't"}, {"start": "00:38:55", "end": "00:38:59", "text": "have a use for it so see I don't like"}, {"start": "00:38:57", "end": "00:39:01", "text": "this so I don't really I'm not even"}, {"start": "00:38:59", "end": "00:39:03", "text": "interested in buying more now because"}, {"start": "00:39:01", "end": "00:39:05", "text": "all watches need wrist time if they"}, {"start": "00:39:03", "end": "00:39:07", "text": "don't if they don't have wrist time. I I"}, {"start": "00:39:05", "end": "00:39:11", "text": "don't want to have just a bunch of them"}, {"start": "00:39:07", "end": "00:39:13", "text": "waiting for for what. So yeah, when I"}, {"start": "00:39:11", "end": "00:39:14", "text": "get tired of this one, maybe. But see, I"}, {"start": "00:39:13", "end": "00:39:16", "text": "don't get how can how can you get tired"}, {"start": "00:39:14", "end": "00:39:18", "text": "of this one? How h [laughter] how you"}, {"start": "00:39:16", "end": "00:39:21", "text": "get tired of this one? I I will never"}, {"start": "00:39:18", "end": "00:39:24", "text": "get tired of this one. So for this from"}, {"start": "00:39:21", "end": "00:39:26", "text": "this um standpoint, I don't even know if"}, {"start": "00:39:24", "end": "00:39:29", "text": "I'm I'm going to have a PC or whatever"}, {"start": "00:39:26", "end": "00:39:32", "text": "uh AP, but never say never. Maybe in the"}, {"start": "00:39:29", "end": "00:39:34", "text": "future. Uh, but if I buy then then I"}, {"start": "00:39:32", "end": "00:39:36", "text": "need to retire this one and I don't want"}, {"start": "00:39:34", "end": "00:39:39", "text": "that. I don't want that. And I don't"}, {"start": "00:39:36", "end": "00:39:41", "text": "want to have stuff I don't wear."}, {"start": "00:39:39", "end": "00:39:42", "text": "That Yeah, that that doesn't have wrist"}, {"start": "00:39:41", "end": "00:39:44", "text": "time. So I'm not I don't want a big"}, {"start": "00:39:42", "end": "00:39:45", "text": "collection. But what should I do with a"}, {"start": "00:39:44", "end": "00:39:48", "text": "collection? What should I do with a"}, {"start": "00:39:45", "end": "00:39:48", "text": "collection?"}, {"start": "00:39:49", "end": "00:39:53", "text": "So yeah, that's that."}, {"start": "00:39:51", "end": "00:39:55", "text": "And I don't know, guys. This Pekkna to"}, {"start": "00:39:53", "end": "00:39:57", "text": "me it looks boring as hell. I I don't"}, {"start": "00:39:55", "end": "00:39:59", "text": "know. I don't know. It's um may maybe"}, {"start": "00:39:57", "end": "00:40:01", "text": "I'll change my mind, guys. Maybe I'll"}, {"start": "00:39:59", "end": "00:40:04", "text": "change my mind. Let's see. Let's see."}, {"start": "00:40:01", "end": "00:40:04", "text": "Let's see. Let's Let's"}, {"start": "00:40:14", "end": "00:40:17", "text": "see other YouTuber from 2016 still"}, {"start": "00:40:16", "end": "00:40:19", "text": "running their channels like you. D"}, {"start": "00:40:17", "end": "00:40:20", "text": "respect your dedication. 100%. 100%. I"}, {"start": "00:40:19", "end": "00:40:24", "text": "mean, we're always here. We're always"}, {"start": "00:40:20", "end": "00:40:25", "text": "here every day with you guys. Fantastic."}, {"start": "00:40:24", "end": "00:40:27", "text": "But to be fair, I mean, there there are"}, {"start": "00:40:25", "end": "00:40:30", "text": "a few, but there are some that don't."}, {"start": "00:40:27", "end": "00:40:32", "text": "For example, where is Louis Thomas? You"}, {"start": "00:40:30", "end": "00:40:35", "text": "guys remember? Is he still around? Louis"}, {"start": "00:40:32", "end": "00:40:38", "text": "Thomas. You guys remember Luis Thomas?"}, {"start": "00:40:35", "end": "00:40:40", "text": "Is he still around?"}, {"start": "00:40:38", "end": "00:40:44", "text": "Maybe not."}, {"start": "00:40:40", "end": "00:40:47", "text": "It was this British guy, you know. I I I"}, {"start": "00:40:44", "end": "00:40:52", "text": "Oh, yeah. Here he is. Here he is."}, {"start": "00:40:47", "end": "00:40:52", "text": "I think he deleted his channel"}, {"start": "00:40:55", "end": "00:40:59", "text": "with the relative relative."}, {"start": "00:41:00", "end": "00:41:03", "text": "No, no, it's not it's not it's not it's"}, {"start": "00:41:01", "end": "00:41:06", "text": "like some cut out from somewhere. Yeah,"}, {"start": "00:41:03", "end": "00:41:10", "text": "I think he deleted his channel. What"}, {"start": "00:41:06", "end": "00:41:14", "text": "happened? You guys remember Luis Thomas"}, {"start": "00:41:10", "end": "00:41:16", "text": "then? Also, what happened to Krypto with"}, {"start": "00:41:14", "end": "00:41:21", "text": "Zero? You guys remember that that Indian"}, {"start": "00:41:16", "end": "00:41:21", "text": "guy? But he was from the US."}, {"start": "00:41:24", "end": "00:41:28", "text": "Where is he? Oh, yeah. He's still here"}, {"start": "00:41:26", "end": "00:41:31", "text": "kind of. Oh, he's still here. out"}, {"start": "00:41:28", "end": "00:41:31", "text": "to crypto,"}, {"start": "00:41:33", "end": "00:41:38", "text": "but how he has three views?"}, {"start": "00:41:40", "end": "00:41:45", "text": "H how you have so few? What's happening"}, {"start": "00:41:42", "end": "00:41:45", "text": "here?"}, {"start": "00:41:46", "end": "00:41:49", "text": "Okay."}, {"start": "00:41:52", "end": "00:41:58", "text": "Ah, no. No, guys. He's He's not around."}, {"start": "00:41:55", "end": "00:42:03", "text": "He's not around. He's not around at all."}, {"start": "00:41:58", "end": "00:42:05", "text": "This was uh uploaded 2017. Okay. Okay."}, {"start": "00:42:03", "end": "00:42:07", "text": "Yeah. Anyway, uh yeah, but there's there"}, {"start": "00:42:05", "end": "00:42:08", "text": "are some remaining. Some remaining."}, {"start": "00:42:07", "end": "00:42:11", "text": "Someone said, \"Oh, Superman. Is"}, {"start": "00:42:08", "end": "00:42:14", "text": "Superman?\" [laughter]"}, {"start": "00:42:11", "end": "00:42:14", "text": "Superman."}, {"start": "00:42:14", "end": "00:42:20", "text": "Is Superman still here? Big shout out to"}, {"start": "00:42:18", "end": "00:42:24", "text": "Superman."}, {"start": "00:42:20", "end": "00:42:24", "text": "Wait, wait."}, {"start": "00:42:25", "end": "00:42:27", "text": "[laughter]"}, {"start": "00:42:27", "end": "00:42:32", "text": "Oh, he's still here. He's still doing"}, {"start": "00:42:29", "end": "00:42:36", "text": "the same."}, {"start": "00:42:32", "end": "00:42:40", "text": "[laughter] He's still doing the same,"}, {"start": "00:42:36", "end": "00:42:40", "text": "MAN. [screaming] HE'S DOING THE SAME."}, {"start": "00:42:41", "end": "00:42:43", "text": "[laughter]"}, {"start": "00:42:45", "end": "00:42:51", "text": "Where Where is Ian Balina? Ian Balina."}, {"start": "00:42:47", "end": "00:42:51", "text": "Ian Balina. Ian Balina."}, {"start": "00:42:54", "end": "00:43:00", "text": "A manalina is not here. I think he's"}, {"start": "00:42:58", "end": "00:43:03", "text": "doing his uh uh to tokconomics over his"}, {"start": "00:43:00", "end": "00:43:03", "text": "tokometrics."}, {"start": "00:43:06", "end": "00:43:12", "text": "[laughter]"}, {"start": "00:43:08", "end": "00:43:12", "text": "Exactly. Thousand eggs."}, {"start": "00:43:13", "end": "00:43:16", "text": "Big shout out. Who else? Who else? Who"}, {"start": "00:43:14", "end": "00:43:18", "text": "else?"}, {"start": "00:43:16", "end": "00:43:20", "text": "Oh, the crypto daily. I think he came"}, {"start": "00:43:18", "end": "00:43:24", "text": "back and then he did not came back or"}, {"start": "00:43:20", "end": "00:43:24", "text": "what happened."}, {"start": "00:43:24", "end": "00:43:28", "text": "Yeah, it's Alan D. Alan Dailyaly. Yeah,"}, {"start": "00:43:26", "end": "00:43:32", "text": "Alan Daily here. Yeah. Anyway, yeah,"}, {"start": "00:43:28", "end": "00:43:34", "text": "crazy stuff. Crazy 2017. Uh yeah, it was"}, {"start": "00:43:32", "end": "00:43:38", "text": "crazy crazy days. Crazy days. It was"}, {"start": "00:43:34", "end": "00:43:43", "text": "crazy days, guys. I mean, yeah."}, {"start": "00:43:38", "end": "00:43:43", "text": "Holy Wow."}, {"start": "00:43:46", "end": "00:43:50", "text": "What happened to Carlos Matsos? He did"}, {"start": "00:43:48", "end": "00:43:52", "text": "his own YouTube channel, but it was"}, {"start": "00:43:50", "end": "00:43:54", "text": "boring. I checked it was not fun. I"}, {"start": "00:43:52", "end": "00:43:56", "text": "mean, you know, wasa was it's fun one"}, {"start": "00:43:54", "end": "00:43:58", "text": "time, but he he tried like, you know,"}, {"start": "00:43:56", "end": "00:44:02", "text": "taking it further, making like a branda"}, {"start": "00:43:58", "end": "00:44:05", "text": "wasa was I mean, at the end of the day,"}, {"start": "00:44:02", "end": "00:44:08", "text": "he's fun for one one time and yeah, then"}, {"start": "00:44:05", "end": "00:44:08", "text": "it's not fun."}, {"start": "00:44:12", "end": "00:44:15", "text": "Oh, yeah. Yeah, guys, listen. Let's"}, {"start": "00:44:13", "end": "00:44:18", "text": "let's wrap it up. Today, it's not too"}, {"start": "00:44:15", "end": "00:44:20", "text": "many news. Uh well, later today is going"}, {"start": "00:44:18", "end": "00:44:23", "text": "to be news, but that's it for today. I"}, {"start": "00:44:20", "end": "00:44:25", "text": "think we captured the the uh the zit"}, {"start": "00:44:23", "end": "00:44:26", "text": "guys. I mean, basically, no, the zist is"}, {"start": "00:44:25", "end": "00:44:28", "text": "it's time to be bullish. Even if we go"}, {"start": "00:44:26", "end": "00:44:30", "text": "down a bit, just buy more. Be bullish."}, {"start": "00:44:28", "end": "00:44:32", "text": "Okay. Uh be be bullish now. It's time to"}, {"start": "00:44:30", "end": "00:44:33", "text": "be bullish. Now, it's time not to be"}, {"start": "00:44:32", "end": "00:44:36", "text": "bearish. It's time to be bullish. It's"}, {"start": "00:44:33", "end": "00:44:40", "text": "time to see the the light. The the"}, {"start": "00:44:36", "end": "00:44:42", "text": "four-ear cyclists doing tour the front,"}, {"start": "00:44:40", "end": "00:44:43", "text": "they're going to be cycling back in."}, {"start": "00:44:42", "end": "00:44:45", "text": "They're gonna be bullish. They're gonna"}, {"start": "00:44:43", "end": "00:44:47", "text": "be following back, back, back, back,"}, {"start": "00:44:45", "end": "00:44:49", "text": "back back very, very soon. And yeah,"}, {"start": "00:44:47", "end": "00:44:51", "text": "enjoy your day. Big shout out to DAB for"}, {"start": "00:44:49", "end": "00:44:54", "text": "time stamping us. Check out the Koshi"}, {"start": "00:44:51", "end": "00:44:56", "text": "deal using the first link. You can see"}, {"start": "00:44:54", "end": "00:44:58", "text": "here what you get. Uh, fully US"}, {"start": "00:44:56", "end": "00:45:00", "text": "regulated. It's like buy but fully US"}, {"start": "00:44:58", "end": "00:45:01", "text": "regulated. You know, all of you US guys"}, {"start": "00:45:00", "end": "00:45:04", "text": "who wanted by bit, you never could use"}, {"start": "00:45:01", "end": "00:45:05", "text": "it. Now you can. It's Kali. They just"}, {"start": "00:45:04", "end": "00:45:07", "text": "listed metals. They're going to list a"}, {"start": "00:45:05", "end": "00:45:08", "text": "lot of stuff. All the tax documents"}, {"start": "00:45:07", "end": "00:45:10", "text": "provided for you. You don't have to"}, {"start": "00:45:08", "end": "00:45:12", "text": "worry about taxes. It's all provided for"}, {"start": "00:45:10", "end": "00:45:13", "text": "you in Kali. If you're non US, you can"}, {"start": "00:45:12", "end": "00:45:16", "text": "still use it. Just enter your email and"}, {"start": "00:45:13", "end": "00:45:18", "text": "you're going to get emailed to you the"}, {"start": "00:45:16", "end": "00:45:20", "text": "Koshi deal. And in the future, if we see"}, {"start": "00:45:18", "end": "00:45:22", "text": "good deals for you, we're going to send"}, {"start": "00:45:20", "end": "00:45:24", "text": "it. But it's going to be never spam."}, {"start": "00:45:22", "end": "00:45:27", "text": "Never spam. Always highly highly"}, {"start": "00:45:24", "end": "00:45:30", "text": "ethical, top ethics, just like Trump"}, {"start": "00:45:27", "end": "00:45:33", "text": "[laughter] with with the clarity act."}, {"start": "00:45:30", "end": "00:45:36", "text": "Top top ethical newsletter only value"}, {"start": "00:45:33", "end": "00:45:39", "text": "value. 100% value. And if you want the"}, {"start": "00:45:36", "end": "00:45:41", "text": "newsletter, you also can uh go below in"}, {"start": "00:45:39", "end": "00:45:42", "text": "the in the second link like just"}, {"start": "00:45:41", "end": "00:45:44", "text": "subscribe everywhere here. Subscribe"}, {"start": "00:45:42", "end": "00:45:46", "text": "here, subscribe there. The best guys."}, {"start": "00:45:44", "end": "00:45:47", "text": "See you all tomorrow. Enjoy your day."}, {"start": "00:45:46", "end": "00:45:52", "text": "Big shout out to D for time stamping and"}, {"start": "00:45:47", "end": "00:45:52", "text": "goodbye guys. Goodbye. Goodbye. Goodbye."}]

[{"start": "00:00:02", "end": "00:00:06", "text": "Oh yes, oh yes, oh yes, oh yes. Guys,"}, {"start": "00:00:04", "end": "00:00:08", "text": "welcome to another episode. And as you"}, {"start": "00:00:06", "end": "00:00:10", "text": "guys can see right now, Bitcoin is at"}, {"start": "00:00:08", "end": "00:00:12", "text": "77. We're right around the flip level"}, {"start": "00:00:10", "end": "00:00:15", "text": "here for the bull trend. The bull trend"}, {"start": "00:00:12", "end": "00:00:18", "text": "is already live because we did close"}, {"start": "00:00:15", "end": "00:00:20", "text": "above the bull flip here a week ago. So"}, {"start": "00:00:18", "end": "00:00:22", "text": "the bull trend is already live. People"}, {"start": "00:00:20", "end": "00:00:24", "text": "are a bit concerned. They're a bit"}, {"start": "00:00:22", "end": "00:00:25", "text": "worried because we we went down a bit."}, {"start": "00:00:24", "end": "00:00:28", "text": "There is a bit of a dip. But just like"}, {"start": "00:00:25", "end": "00:00:30", "text": "we've been saying for the past weeks,"}, {"start": "00:00:28", "end": "00:00:32", "text": "for the past two months or so, it is"}, {"start": "00:00:30", "end": "00:00:34", "text": "time to be bullish. Especially now that"}, {"start": "00:00:32", "end": "00:00:36", "text": "the bull trend is confirmed. Just like"}, {"start": "00:00:34", "end": "00:00:38", "text": "right here, we did have bull bull flip."}, {"start": "00:00:36", "end": "00:00:41", "text": "Then we went down a bit and then"}, {"start": "00:00:38", "end": "00:00:43", "text": "Valhalla came. Now it's the same. Don't"}, {"start": "00:00:41", "end": "00:00:46", "text": "worry about the shortterm volatility"}, {"start": "00:00:43", "end": "00:00:49", "text": "here. A bit up, a bit down. On the big"}, {"start": "00:00:46", "end": "00:00:51", "text": "big picture, it is time to be mega mega"}, {"start": "00:00:49", "end": "00:00:53", "text": "freaking bullish. Also, look here. We do"}, {"start": "00:00:51", "end": "00:00:56", "text": "have a golden cross confirmed for"}, {"start": "00:00:53", "end": "00:00:59", "text": "Bitcoin. And overall based on"}, {"start": "00:00:56", "end": "00:01:01", "text": "riskreward, now it's time to be mega"}, {"start": "00:00:59", "end": "00:01:04", "text": "bull and not try to optimize too much."}, {"start": "00:01:01", "end": "00:01:05", "text": "You see people they they overoptimize."}, {"start": "00:01:04", "end": "00:01:07", "text": "They overoptimize for what? For a bit"}, {"start": "00:01:05", "end": "00:01:09", "text": "lower downside. Maybe you can buy"}, {"start": "00:01:07", "end": "00:01:11", "text": "slightly slightly cheaper. But in this"}, {"start": "00:01:09", "end": "00:01:13", "text": "situation, I don't think it's smart at"}, {"start": "00:01:11", "end": "00:01:16", "text": "all. I don't think it's smart in any"}, {"start": "00:01:13", "end": "00:01:19", "text": "way. Now it's time to be bullish,"}, {"start": "00:01:16", "end": "00:01:22", "text": "bullish, bullish, bullish Bitcoin. Even"}, {"start": "00:01:19", "end": "00:01:24", "text": "if there is an interest rate hike this"}, {"start": "00:01:22", "end": "00:01:25", "text": "week, because you know this week we're"}, {"start": "00:01:24", "end": "00:01:27", "text": "going to have the interest rate"}, {"start": "00:01:25", "end": "00:01:30", "text": "decision. I'm telling you that this is"}, {"start": "00:01:27", "end": "00:01:33", "text": "not going to affect Bitcoin too much"}, {"start": "00:01:30", "end": "00:01:36", "text": "because we are a year into this bare"}, {"start": "00:01:33", "end": "00:01:39", "text": "market since last October. And uh now"}, {"start": "00:01:36", "end": "00:01:42", "text": "you still get to buy Bitcoin around the"}, {"start": "00:01:39", "end": "00:01:44", "text": "low. Okay, around the low. Uh people"}, {"start": "00:01:42", "end": "00:01:46", "text": "they will mess up. Most people will mess"}, {"start": "00:01:44", "end": "00:01:49", "text": "it up. Either they going to follow into"}, {"start": "00:01:46", "end": "00:01:51", "text": "stocks at the highs or AI or whatever."}, {"start": "00:01:49", "end": "00:01:53", "text": "Now is not the time to be bare Bitcoin."}, {"start": "00:01:51", "end": "00:01:54", "text": "It's time to be bull Bitcoin. Even if"}, {"start": "00:01:53", "end": "00:01:56", "text": "so, coming back to interest rates, just"}, {"start": "00:01:54", "end": "00:01:59", "text": "like we discussed last week, you see"}, {"start": "00:01:56", "end": "00:02:01", "text": "that last bull market what happened?"}, {"start": "00:01:59", "end": "00:02:03", "text": "They actually increase the rates. You"}, {"start": "00:02:01", "end": "00:02:06", "text": "see the red here in the red this u this"}, {"start": "00:02:03", "end": "00:02:08", "text": "up triangle. It means that they increase"}, {"start": "00:02:06", "end": "00:02:10", "text": "the rate. When we have this up triangle,"}, {"start": "00:02:08", "end": "00:02:12", "text": "it's increase rate. So, Bitcoin went"}, {"start": "00:02:10", "end": "00:02:14", "text": "bull trend and literally within the"}, {"start": "00:02:12", "end": "00:02:15", "text": "coming two weeks, they increase the rate"}, {"start": "00:02:14", "end": "00:02:17", "text": "and then they increase the rate again"}, {"start": "00:02:15", "end": "00:02:18", "text": "and then they increase the rate again."}, {"start": "00:02:17", "end": "00:02:22", "text": "Yet, Bitcoin kept pumping. This was"}, {"start": "00:02:18", "end": "00:02:24", "text": "2023. The same thing is likely going to"}, {"start": "00:02:22", "end": "00:02:25", "text": "be now. In case they increase the rate,"}, {"start": "00:02:24", "end": "00:02:28", "text": "I don't think it's going to affect"}, {"start": "00:02:25", "end": "00:02:30", "text": "Bitcoin. Why? Because already a year"}, {"start": "00:02:28", "end": "00:02:32", "text": "into the bear, whoever wanted to sell"}, {"start": "00:02:30", "end": "00:02:34", "text": "sold when you don't have any more"}, {"start": "00:02:32", "end": "00:02:37", "text": "sellers, the price does not go down. And"}, {"start": "00:02:34", "end": "00:02:39", "text": "in fact, the price goes up. The worry"}, {"start": "00:02:37", "end": "00:02:40", "text": "about the interest rate is also in the"}, {"start": "00:02:39", "end": "00:02:42", "text": "stock market. You have to realize, okay,"}, {"start": "00:02:40", "end": "00:02:44", "text": "stock market is also worried about the"}, {"start": "00:02:42", "end": "00:02:45", "text": "interest rate. So, stock market is"}, {"start": "00:02:44", "end": "00:02:47", "text": "alltime high. That money is going to go"}, {"start": "00:02:45", "end": "00:02:49", "text": "somewhere. where it's going to go into"}, {"start": "00:02:47", "end": "00:02:53", "text": "crypto into crypto very very important"}, {"start": "00:02:49", "end": "00:02:56", "text": "and currently for this month there is an"}, {"start": "00:02:53", "end": "00:02:59", "text": "80% chance according to poly market that"}, {"start": "00:02:56", "end": "00:03:01", "text": "the rates will go up even though Trump"}, {"start": "00:02:59", "end": "00:03:03", "text": "is saying that he doesn't want the rates"}, {"start": "00:03:01", "end": "00:03:06", "text": "up even though Trump is saying that US"}, {"start": "00:03:03", "end": "00:03:08", "text": "should have the lowest rates based on"}, {"start": "00:03:06", "end": "00:03:10", "text": "the bond market based on what's"}, {"start": "00:03:08", "end": "00:03:12", "text": "happening with the fuel price and so on"}, {"start": "00:03:10", "end": "00:03:14", "text": "so forth the market really is pricing in"}, {"start": "00:03:12", "end": "00:03:16", "text": "an increase uh it's going to be very"}, {"start": "00:03:14", "end": "00:03:18", "text": "interesting what Kevin Worsh does I mean"}, {"start": "00:03:16", "end": "00:03:20", "text": "will he increase the rates even though"}, {"start": "00:03:18", "end": "00:03:24", "text": "Trump told him don't increase it don't"}, {"start": "00:03:20", "end": "00:03:26", "text": "let's see guys let's see ECB Europe did"}, {"start": "00:03:24", "end": "00:03:29", "text": "increase okay they did increase and uh"}, {"start": "00:03:26", "end": "00:03:32", "text": "all in all don't worry about it don't"}, {"start": "00:03:29", "end": "00:03:34", "text": "get fumbled out of your strategy here"}, {"start": "00:03:32", "end": "00:03:36", "text": "because uh there is some increase there"}, {"start": "00:03:34", "end": "00:03:38", "text": "was increase last uh start of last bull"}, {"start": "00:03:36", "end": "00:03:40", "text": "market also you have to look on the big"}, {"start": "00:03:38", "end": "00:03:42", "text": "picture I mean literally you see the big"}, {"start": "00:03:40", "end": "00:03:46", "text": "picture you see if you zoom out you you"}, {"start": "00:03:42", "end": "00:03:48", "text": "you see it clearly bare boom bull bear"}, {"start": "00:03:46", "end": "00:03:50", "text": "and now new bull and people are worried"}, {"start": "00:03:48", "end": "00:03:51", "text": "about what's going to happen to interest"}, {"start": "00:03:50", "end": "00:03:53", "text": "rate. Don't worry about interest rate."}, {"start": "00:03:51", "end": "00:03:55", "text": "Don't worry. Don't worry. Now is not the"}, {"start": "00:03:53", "end": "00:03:57", "text": "time to worry. The time to worry about"}, {"start": "00:03:55", "end": "00:04:00", "text": "negative stuff is after a big bull. Then"}, {"start": "00:03:57", "end": "00:04:02", "text": "any kind of negative stuff can send us"}, {"start": "00:04:00", "end": "00:04:04", "text": "down tumbling because everyone just"}, {"start": "00:04:02", "end": "00:04:05", "text": "bought. Everyone is so excited. So there"}, {"start": "00:04:04", "end": "00:04:07", "text": "are many sellers. Okay, there are many"}, {"start": "00:04:05", "end": "00:04:10", "text": "potential sellers. Every buyer is a"}, {"start": "00:04:07", "end": "00:04:13", "text": "potential seller. So at the end of the"}, {"start": "00:04:10", "end": "00:04:16", "text": "bull any kind of small bearish thing can"}, {"start": "00:04:13", "end": "00:04:17", "text": "send us down a lot. Why? Because any"}, {"start": "00:04:16", "end": "00:04:20", "text": "kind of worry will translate into"}, {"start": "00:04:17", "end": "00:04:23", "text": "massive selling. But when someone has"}, {"start": "00:04:20", "end": "00:04:27", "text": "sold they are now a potential buyer."}, {"start": "00:04:23", "end": "00:04:29", "text": "Okay. People have sold now for a year."}, {"start": "00:04:27", "end": "00:04:32", "text": "Any kind of good news we need just you"}, {"start": "00:04:29", "end": "00:04:35", "text": "know the slightest good news. Boom."}, {"start": "00:04:32", "end": "00:04:37", "text": "Valhalla 100k we go high high. And any"}, {"start": "00:04:35", "end": "00:04:39", "text": "kind of bad news actually doesn't matter"}, {"start": "00:04:37", "end": "00:04:40", "text": "too much. Why? Because who's going to"}, {"start": "00:04:39", "end": "00:04:42", "text": "sell, man? There's no one else to sell."}, {"start": "00:04:40", "end": "00:04:44", "text": "Also, look here. We have the Clarity"}, {"start": "00:04:42", "end": "00:04:47", "text": "Act. Will the freaking Clarity Act"}, {"start": "00:04:44", "end": "00:04:49", "text": "finally get born? Will we see the birth"}, {"start": "00:04:47", "end": "00:04:52", "text": "of the Clarity Act? Listen to this."}, {"start": "00:04:49", "end": "00:04:55", "text": ">> If we got anything positive on clarity,"}, {"start": "00:04:52", "end": "00:04:58", "text": "I think crypto would go up far faster"}, {"start": "00:04:55", "end": "00:04:59", "text": "than people realize. pick 100k if we get"}, {"start": "00:04:58", "end": "00:05:01", "text": "clarity."}, {"start": "00:04:59", "end": "00:05:04", "text": ">> Yes. I that that type of move to me and"}, {"start": "00:05:01", "end": "00:05:07", "text": "the reason I say it with conviction,"}, {"start": "00:05:04", "end": "00:05:09", "text": ">> the more I'm talking to people, let's"}, {"start": "00:05:07", "end": "00:05:10", "text": "say traditional finance, so related to"}, {"start": "00:05:09", "end": "00:05:12", "text": "the banks, cuz remember the banks are"}, {"start": "00:05:10", "end": "00:05:13", "text": "out there telling people they're ready"}, {"start": "00:05:12", "end": "00:05:16", "text": "for this, they're going to be involved,"}, {"start": "00:05:13", "end": "00:05:19", "text": "you know, all this stuff, tokenization,"}, {"start": "00:05:16", "end": "00:05:22", "text": ">> pension funds need regulations for this."}, {"start": "00:05:19", "end": "00:05:23", "text": "And so for the ecosystem as a whole,"}, {"start": "00:05:22", "end": "00:05:25", "text": "which is really the most important thing"}, {"start": "00:05:23", "end": "00:05:27", "text": "to me, if clarity goes through, I think"}, {"start": "00:05:25", "end": "00:05:29", "text": "the ecosystem will be valued higher"}, {"start": "00:05:27", "end": "00:05:32", "text": "immediately because I think this opens"}, {"start": "00:05:29", "end": "00:05:34", "text": "up investment from pension funds, which"}, {"start": "00:05:32", "end": "00:05:36", "text": "are critical to the overall size of the"}, {"start": "00:05:34", "end": "00:05:38", "text": "money coming in. I think they need"}, {"start": "00:05:36", "end": "00:05:41", "text": "regulation. I think they need something"}, {"start": "00:05:38", "end": "00:05:42", "text": "to be able to, again, they're fiduciary."}, {"start": "00:05:41", "end": "00:05:44", "text": "They can't just jump into something."}, {"start": "00:05:42", "end": "00:05:45", "text": "Bitcoin has been around long enough that"}, {"start": "00:05:44", "end": "00:05:47", "text": "they can do that. But I think investing"}, {"start": "00:05:45", "end": "00:05:50", "text": "in the ecosystem, which is what the"}, {"start": "00:05:47", "end": "00:05:52", "text": "entrepreneurs need, I don't think it's a"}, {"start": "00:05:50", "end": "00:05:54", "text": "venture thing. I I think it's a pension"}, {"start": "00:05:52", "end": "00:05:56", "text": "thing. And I I love that it's not a"}, {"start": "00:05:54", "end": "00:05:59", "text": "venture, it's a pension thing. So,"}, {"start": "00:05:56", "end": "00:06:00", "text": "Clarity Act in place, all the pensions"}, {"start": "00:05:59", "end": "00:06:02", "text": "straight into Clarity Act, straight into"}, {"start": "00:06:00", "end": "00:06:04", "text": "crypto. This is very important what he"}, {"start": "00:06:02", "end": "00:06:06", "text": "said here as well that you know once you"}, {"start": "00:06:04", "end": "00:06:09", "text": "have the slightest news let's say"}, {"start": "00:06:06", "end": "00:06:12", "text": "clarity act oh yo yo yo yo yo even the"}, {"start": "00:06:09", "end": "00:06:14", "text": "clarity act can move us up so quickly so"}, {"start": "00:06:12", "end": "00:06:17", "text": "fast because again even if you have the"}, {"start": "00:06:14", "end": "00:06:19", "text": "mar smallest marginal buyers step in"}, {"start": "00:06:17", "end": "00:06:21", "text": "that is now new buy pressure we did not"}, {"start": "00:06:19", "end": "00:06:24", "text": "have before any kind of marginal buy"}, {"start": "00:06:21", "end": "00:06:26", "text": "pressure is pushing the price higher we"}, {"start": "00:06:24", "end": "00:06:28", "text": "need the marginal buyers even if they're"}, {"start": "00:06:26", "end": "00:06:29", "text": "not many just any kind of marginal"}, {"start": "00:06:28", "end": "00:06:32", "text": "buyers stepping in that we did not have"}, {"start": "00:06:29", "end": "00:06:34", "text": "before is going to pump us higher and"}, {"start": "00:06:32", "end": "00:06:37", "text": "higher and higher and higher. Also guys,"}, {"start": "00:06:34", "end": "00:06:40", "text": "big shout out to ETH. ETH is now"}, {"start": "00:06:37", "end": "00:06:43", "text": "breaking against Bitcoin. Uh ETH is"}, {"start": "00:06:40", "end": "00:06:46", "text": "trying to move against the Bitcoin."}, {"start": "00:06:43", "end": "00:06:47", "text": "People are saying we barely we've barely"}, {"start": "00:06:46", "end": "00:06:49", "text": "scratched the surface. We're just"}, {"start": "00:06:47", "end": "00:06:51", "text": "getting started. Yeah, I mean for ETH it"}, {"start": "00:06:49", "end": "00:06:54", "text": "would be amazing if it finally can start"}, {"start": "00:06:51", "end": "00:06:57", "text": "pumping against BTC. Let's see ETH BTC"}, {"start": "00:06:54", "end": "00:07:01", "text": "how it is looking here. We are currently"}, {"start": "00:06:57", "end": "00:07:03", "text": "on the weekly in a new bull trend for uh"}, {"start": "00:07:01", "end": "00:07:04", "text": "for ETH. So yeah, keep an eye on that."}, {"start": "00:07:03", "end": "00:07:09", "text": "This is versus Bitcoin. This versus"}, {"start": "00:07:04", "end": "00:07:12", "text": "Bitcoin. And and and uh in this crazy"}, {"start": "00:07:09", "end": "00:07:15", "text": "saga in this crazy crazy saga, we do"}, {"start": "00:07:12", "end": "00:07:17", "text": "have an update from you from the man"}, {"start": "00:07:15", "end": "00:07:19", "text": "himself. From the man himself, from"}, {"start": "00:07:17", "end": "00:07:22", "text": "Vitalik. Let's listen to what what has"}, {"start": "00:07:19", "end": "00:07:22", "text": "happened here with ETH."}, {"start": "00:07:23", "end": "00:07:31", "text": "Vitalic, is it finally Ethereum's time?"}, {"start": "00:07:28", "end": "00:07:31", "text": ">> Any minute now."}, {"start": "00:07:33", "end": "00:07:39", "text": ">> You said that last time."}, {"start": "00:07:36", "end": "00:07:43", "text": ">> We're building a stronger base."}, {"start": "00:07:39", "end": "00:07:43", "text": ">> The base is getting further away."}, {"start": "00:07:44", "end": "00:07:48", "text": ">> We're still early."}, {"start": "00:07:51", "end": "00:07:56", "text": "You said it last time."}, {"start": "00:07:54", "end": "00:07:57", "text": "Let's see, guys. Let's see. Maybe this"}, {"start": "00:07:56", "end": "00:08:00", "text": "time. out to small people for"}, {"start": "00:07:57", "end": "00:08:01", "text": "making this insane. Insane, man. Game of"}, {"start": "00:08:00", "end": "00:08:04", "text": "Thrones. I feel like we're in freaking"}, {"start": "00:08:01", "end": "00:08:06", "text": "Game of Thrones. What's happening? It's"}, {"start": "00:08:04", "end": "00:08:08", "text": "crazy. It's crazy, guys. So, currently"}, {"start": "00:08:06", "end": "00:08:10", "text": "we are seeing Vitalik saying we're"}, {"start": "00:08:08", "end": "00:08:11", "text": "building a stronger base. Let's see if"}, {"start": "00:08:10", "end": "00:08:13", "text": "we can trust Vitalic. Let me know, guys,"}, {"start": "00:08:11", "end": "00:08:17", "text": "if you trust Vitalic. Man, let me watch"}, {"start": "00:08:13", "end": "00:08:17", "text": "this again. Let me watch this again."}, {"start": "00:08:17", "end": "00:08:25", "text": "Vitalic, is it finally Ethereum's time?"}, {"start": "00:08:22", "end": "00:08:25", "text": ">> Any minute now."}, {"start": "00:08:27", "end": "00:08:33", "text": ">> You said that last time."}, {"start": "00:08:30", "end": "00:08:37", "text": ">> We're building a stronger base."}, {"start": "00:08:33", "end": "00:08:37", "text": ">> The base is getting further away."}, {"start": "00:08:38", "end": "00:08:42", "text": ">> We're still early."}, {"start": "00:08:39", "end": "00:08:43", "text": ">> We're still early. Yeah. Amen. Amen. I"}, {"start": "00:08:42", "end": "00:08:45", "text": "Let's Let's leave that. Fantastic."}, {"start": "00:08:43", "end": "00:08:47", "text": "Fantastic. Big shout to small peep who"}, {"start": "00:08:45", "end": "00:08:50", "text": "is creating this insane insane"}, {"start": "00:08:47", "end": "00:08:53", "text": "adventures where Bit Boy and I we are"}, {"start": "00:08:50", "end": "00:08:56", "text": "closing we are we are saving we're"}, {"start": "00:08:53", "end": "00:08:58", "text": "saving the cryptosphere the crypto space"}, {"start": "00:08:56", "end": "00:09:00", "text": "one epic battle at a time. So that's"}, {"start": "00:08:58", "end": "00:09:02", "text": "that. Guys, look here. Two weeks into"}, {"start": "00:09:00", "end": "00:09:04", "text": "September. The crowd that has been"}, {"start": "00:09:02", "end": "00:09:06", "text": "calling for a bottom in October is still"}, {"start": "00:09:04", "end": "00:09:08", "text": "sideline. Guys, what what will happen in"}, {"start": "00:09:06", "end": "00:09:10", "text": "two weeks? Okay, a big question to all"}, {"start": "00:09:08", "end": "00:09:13", "text": "of you. What's going to happen in two"}, {"start": "00:09:10", "end": "00:09:16", "text": "weeks when the four-year cyclists are"}, {"start": "00:09:13", "end": "00:09:18", "text": "going to now be in their fouryear uh uh"}, {"start": "00:09:16", "end": "00:09:19", "text": "at their four-year mark? As you know, we"}, {"start": "00:09:18", "end": "00:09:22", "text": "are not really the four-year cyclist. We"}, {"start": "00:09:19", "end": "00:09:24", "text": "are trend followers. And so in October,"}, {"start": "00:09:22", "end": "00:09:25", "text": "we went risk off. Why? Because the trend"}, {"start": "00:09:24", "end": "00:09:28", "text": "turned. And the same thing is now we're"}, {"start": "00:09:25", "end": "00:09:30", "text": "risk, but for two reasons. Number one,"}, {"start": "00:09:28", "end": "00:09:32", "text": "when our 200E moving average within the"}, {"start": "00:09:30", "end": "00:09:35", "text": "buy zone, which we've been yelling about"}, {"start": "00:09:32", "end": "00:09:37", "text": "for ages, we are bullish. We're bullish"}, {"start": "00:09:35", "end": "00:09:39", "text": "within the buy zone and especially here"}, {"start": "00:09:37", "end": "00:09:40", "text": "in the white line, you see the 200"}, {"start": "00:09:39", "end": "00:09:42", "text": "moving average. And now we're also"}, {"start": "00:09:40", "end": "00:09:44", "text": "bullish on the money line weekly. So"}, {"start": "00:09:42", "end": "00:09:46", "text": "we're not following the for cycle exact"}, {"start": "00:09:44", "end": "00:09:48", "text": "because we have our own strategy. We are"}, {"start": "00:09:46", "end": "00:09:50", "text": "independent thinkers and we have here a"}, {"start": "00:09:48", "end": "00:09:52", "text": "strategy that works on any asset on"}, {"start": "00:09:50", "end": "00:09:55", "text": "crypto, not crypto, whatever. Okay? And"}, {"start": "00:09:52", "end": "00:09:57", "text": "so there are many people who are waiting"}, {"start": "00:09:55", "end": "00:10:00", "text": "for their alarm clock, for their"}, {"start": "00:09:57", "end": "00:10:01", "text": "four-year cycle alarm clock to wake up."}, {"start": "00:10:00", "end": "00:10:03", "text": "Okay? And that's going to be massive"}, {"start": "00:10:01", "end": "00:10:04", "text": "because they're silent now. They're"}, {"start": "00:10:03", "end": "00:10:07", "text": "waiting for October. They're waiting for"}, {"start": "00:10:04", "end": "00:10:08", "text": "October. They did not buy around the 200"}, {"start": "00:10:07", "end": "00:10:10", "text": "week. They did not buy now when we flip"}, {"start": "00:10:08", "end": "00:10:12", "text": "bullish. They're waiting and waiting and"}, {"start": "00:10:10", "end": "00:10:15", "text": "waiting and waiting for October. Holy"}, {"start": "00:10:12", "end": "00:10:18", "text": "crap. Once October alarm clock rings for"}, {"start": "00:10:15", "end": "00:10:20", "text": "them, the fouryear cyclists are all in"}, {"start": "00:10:18", "end": "00:10:22", "text": "Valhalla. Valhalla, Valhalla, Valhalla."}, {"start": "00:10:20", "end": "00:10:24", "text": "And guys, very, very important. If you"}, {"start": "00:10:22", "end": "00:10:27", "text": "use the link in description to subscribe"}, {"start": "00:10:24", "end": "00:10:29", "text": "for our newsletter is fully fully free."}, {"start": "00:10:27", "end": "00:10:32", "text": "You will be following along throughout"}, {"start": "00:10:29", "end": "00:10:35", "text": "this bull and the coming bear cycle with"}, {"start": "00:10:32", "end": "00:10:37", "text": "us. So you're not left holding the bag"}, {"start": "00:10:35", "end": "00:10:39", "text": "in the wrong place. It's fully free"}, {"start": "00:10:37", "end": "00:10:42", "text": "newsletter. Use the link in description."}, {"start": "00:10:39", "end": "00:10:44", "text": "I think it's the second link that u we"}, {"start": "00:10:42", "end": "00:10:46", "text": "provide. It's fully free. On August 4th"}, {"start": "00:10:44", "end": "00:10:47", "text": "we said to be bullish in October. We"}, {"start": "00:10:46", "end": "00:10:48", "text": "said to be bearish. I mean this is like"}, {"start": "00:10:47", "end": "00:10:51", "text": "free newsletter. It's it's insane. It's"}, {"start": "00:10:48", "end": "00:10:52", "text": "amazing amazing value. And also we stay"}, {"start": "00:10:51", "end": "00:10:54", "text": "in touch in case YouTube does not"}, {"start": "00:10:52", "end": "00:10:56", "text": "recommend the channel to you. We will"}, {"start": "00:10:54", "end": "00:10:58", "text": "always be here in touch. So do that. And"}, {"start": "00:10:56", "end": "00:11:01", "text": "then also the first link of description"}, {"start": "00:10:58", "end": "00:11:04", "text": "you have kalshi which is the first ever"}, {"start": "00:11:01", "end": "00:11:08", "text": "perpetual platform for us. If you are a"}, {"start": "00:11:04", "end": "00:11:11", "text": "US client, US person, US citizen. Kalshi"}, {"start": "00:11:08", "end": "00:11:14", "text": "is where you trade with leverage. It's"}, {"start": "00:11:11", "end": "00:11:16", "text": "like buy bit for us or weeks for us for"}, {"start": "00:11:14", "end": "00:11:18", "text": "the first time. You finally have a fully"}, {"start": "00:11:16", "end": "00:11:20", "text": "regulated platform. If you use our link,"}, {"start": "00:11:18", "end": "00:11:23", "text": "first link in description, you get"}, {"start": "00:11:20", "end": "00:11:27", "text": "number one signup bonus. Number two, you"}, {"start": "00:11:23", "end": "00:11:30", "text": "get what? You get 90% lower fees when"}, {"start": "00:11:27", "end": "00:11:32", "text": "your volume is higher than 100k. Okay?"}, {"start": "00:11:30", "end": "00:11:35", "text": "When your total volume, so let's say you"}, {"start": "00:11:32", "end": "00:11:37", "text": "put in $1,000, you go if you go 10x,"}, {"start": "00:11:35", "end": "00:11:39", "text": "that's going to create a volume of 10k."}, {"start": "00:11:37", "end": "00:11:40", "text": "Like as a just calculation example, I'm"}, {"start": "00:11:39", "end": "00:11:42", "text": "not saying you should do it, just"}, {"start": "00:11:40", "end": "00:11:44", "text": "calculation example. So volume is"}, {"start": "00:11:42", "end": "00:11:48", "text": "including the leverage. Once you hit"}, {"start": "00:11:44", "end": "00:11:50", "text": "100K volume, your fees drop, boop, 90%."}, {"start": "00:11:48", "end": "00:11:51", "text": "So use the link below as soon as"}, {"start": "00:11:50", "end": "00:11:52", "text": "possible. I don't know how long this"}, {"start": "00:11:51", "end": "00:11:54", "text": "deal is going to be there, but right now"}, {"start": "00:11:52", "end": "00:11:55", "text": "there is this deal. If you use the link"}, {"start": "00:11:54", "end": "00:11:57", "text": "below, first link in description, you"}, {"start": "00:11:55", "end": "00:11:59", "text": "sign up for Kali, all the tax documents"}, {"start": "00:11:57", "end": "00:12:01", "text": "for the US people is going to be"}, {"start": "00:11:59", "end": "00:12:02", "text": "generated automatically. If you are US"}, {"start": "00:12:01", "end": "00:12:04", "text": "person, you're worried about taxes, here"}, {"start": "00:12:02", "end": "00:12:07", "text": "is going to be all automatic generated"}, {"start": "00:12:04", "end": "00:12:10", "text": "for you. Fully regulated first perpetual"}, {"start": "00:12:07", "end": "00:12:12", "text": "platform for US clients. And if you're"}, {"start": "00:12:10", "end": "00:12:14", "text": "non US, guess what? You can also use it."}, {"start": "00:12:12", "end": "00:12:16", "text": "US, non US, you can use you can use it."}, {"start": "00:12:14", "end": "00:12:18", "text": "Kchi number one and for other exchanges"}, {"start": "00:12:16", "end": "00:12:20", "text": "go to bullmay.com/partners."}, {"start": "00:12:18", "end": "00:12:22", "text": "It's like a link below also exchanges I"}, {"start": "00:12:20", "end": "00:12:23", "text": "use. We have a lot here guys. I mean we"}, {"start": "00:12:22", "end": "00:12:25", "text": "have a lot. We negotiate with all"}, {"start": "00:12:23", "end": "00:12:27", "text": "exchanges. We have Pionex for the bots."}, {"start": "00:12:25", "end": "00:12:29", "text": "By the way, if you click here, copy my"}, {"start": "00:12:27", "end": "00:12:31", "text": "bots. Uh you you have now uh the new"}, {"start": "00:12:29", "end": "00:12:33", "text": "ones that we open. We have a short-term"}, {"start": "00:12:31", "end": "00:12:35", "text": "short on Bitcoin. We have BNB doing very"}, {"start": "00:12:33", "end": "00:12:36", "text": "very well. So if you want to open up"}, {"start": "00:12:35", "end": "00:12:39", "text": "some Pionex bots, then go to"}, {"start": "00:12:36", "end": "00:12:42", "text": "bull.com/partners, copy my bots. You can"}, {"start": "00:12:39", "end": "00:12:44", "text": "also watch the tutorial Khi FOMO app buy"}, {"start": "00:12:42", "end": "00:12:46", "text": "I mean everything everything get the"}, {"start": "00:12:44", "end": "00:12:48", "text": "freaking bonuses because now bull market"}, {"start": "00:12:46", "end": "00:12:49", "text": "is starting they want all these"}, {"start": "00:12:48", "end": "00:12:52", "text": "exchanges they want clients they want"}, {"start": "00:12:49", "end": "00:12:54", "text": "clients back after the bear and that's"}, {"start": "00:12:52", "end": "00:12:56", "text": "why they have extra extra extra generous"}, {"start": "00:12:54", "end": "00:12:59", "text": "bonus extra extra extra so use the links"}, {"start": "00:12:56", "end": "00:13:02", "text": "go nuts right now moving on look here"}, {"start": "00:12:59", "end": "00:13:05", "text": "the longer we hold up here around 77 the"}, {"start": "00:13:02", "end": "00:13:08", "text": "better the chance is for us to run to"}, {"start": "00:13:05", "end": "00:13:10", "text": "100k fantastic I agree there uh Now"}, {"start": "00:13:08", "end": "00:13:13", "text": "looking at the overall ecosystem guys,"}, {"start": "00:13:10", "end": "00:13:15", "text": "you have a big problem if you use"}, {"start": "00:13:13", "end": "00:13:17", "text": "Revolute. Big big problem. You probably"}, {"start": "00:13:15", "end": "00:13:22", "text": "have heard it, but Revolute basically"}, {"start": "00:13:17", "end": "00:13:25", "text": "gave all their clients or at least a big"}, {"start": "00:13:22", "end": "00:13:29", "text": "part a big part of their clients uh they"}, {"start": "00:13:25", "end": "00:13:31", "text": "gave all the data including selfie,"}, {"start": "00:13:29", "end": "00:13:34", "text": "including passport like all the data"}, {"start": "00:13:31", "end": "00:13:36", "text": "they had they gave to an impersonator."}, {"start": "00:13:34", "end": "00:13:38", "text": "The impersonator basically emailed"}, {"start": "00:13:36", "end": "00:13:40", "text": "Revolute saying that he is from the"}, {"start": "00:13:38", "end": "00:13:43", "text": "government."}, {"start": "00:13:40", "end": "00:13:44", "text": "This is how dumb it is. The impersonator"}, {"start": "00:13:43", "end": "00:13:47", "text": "just emailed, \"Hey guys, I'm from the"}, {"start": "00:13:44", "end": "00:13:50", "text": "government. Give me data about all your"}, {"start": "00:13:47", "end": "00:13:54", "text": "clients and we're going to check it.\""}, {"start": "00:13:50", "end": "00:13:56", "text": "Somehow the impersonator could uh get"}, {"start": "00:13:54", "end": "00:13:58", "text": "access to a government uh email domain."}, {"start": "00:13:56", "end": "00:14:01", "text": "And what's interesting here is that"}, {"start": "00:13:58", "end": "00:14:03", "text": "Revolute gives all the information about"}, {"start": "00:14:01", "end": "00:14:04", "text": "their clients to any guy that emails"}, {"start": "00:14:03", "end": "00:14:07", "text": "from a government domain. I mean, you"}, {"start": "00:14:04", "end": "00:14:10", "text": "can literally be a freaking janitor uh"}, {"start": "00:14:07", "end": "00:14:12", "text": "cleaning your uh you know, municipality"}, {"start": "00:14:10", "end": "00:14:14", "text": "house. You probably have a government"}, {"start": "00:14:12", "end": "00:14:16", "text": "domain. You can be like some low-level"}, {"start": "00:14:14", "end": "00:14:18", "text": "admin boy like we've been discussing. We"}, {"start": "00:14:16", "end": "00:14:20", "text": "need the T-boy here who puts me tea on"}, {"start": "00:14:18", "end": "00:14:23", "text": "the hour every hour. Probably even the"}, {"start": "00:14:20", "end": "00:14:25", "text": "T-boy has a government domain. You"}, {"start": "00:14:23", "end": "00:14:28", "text": "understand? You can be some lowlevel ass"}, {"start": "00:14:25", "end": "00:14:30", "text": "politician somewhere you will be getting"}, {"start": "00:14:28", "end": "00:14:32", "text": "a government some local ass politician."}, {"start": "00:14:30", "end": "00:14:34", "text": "Okay. So there are a million ways to get"}, {"start": "00:14:32", "end": "00:14:37", "text": "a government domain. Literally a million"}, {"start": "00:14:34", "end": "00:14:39", "text": "ways. So also how many countries there"}, {"start": "00:14:37", "end": "00:14:42", "text": "are and in some countries you know if"}, {"start": "00:14:39", "end": "00:14:45", "text": "you get some monos daos some shekel some"}, {"start": "00:14:42", "end": "00:14:47", "text": "dollars to someone of you know many"}, {"start": "00:14:45", "end": "00:14:49", "text": "countries they have you know they they"}, {"start": "00:14:47", "end": "00:14:51", "text": "earn like $2 per hour and some guy in"}, {"start": "00:14:49", "end": "00:14:53", "text": "the government earning you know $1 per"}, {"start": "00:14:51", "end": "00:14:55", "text": "per hour. What I mean you can do getting"}, {"start": "00:14:53", "end": "00:14:57", "text": "government domain guys if you really"}, {"start": "00:14:55", "end": "00:14:58", "text": "want if you really want you can be"}, {"start": "00:14:57", "end": "00:15:01", "text": "creative you can get it man you can get"}, {"start": "00:14:58", "end": "00:15:02", "text": "it you can get access maybe borrow maybe"}, {"start": "00:15:01", "end": "00:15:04", "text": "you know some guy forgets to log out"}, {"start": "00:15:02", "end": "00:15:06", "text": "when he goes home and you are there"}, {"start": "00:15:04", "end": "00:15:08", "text": "cleaning his office you boop anyway"}, {"start": "00:15:06", "end": "00:15:11", "text": "there are many ways to get government"}, {"start": "00:15:08", "end": "00:15:16", "text": "domain so the guy emails revolute he"}, {"start": "00:15:11", "end": "00:15:20", "text": "says guys I am from the government"}, {"start": "00:15:16", "end": "00:15:22", "text": "give me all your information about all"}, {"start": "00:15:20", "end": "00:15:24", "text": "the customers what Does Revolute do?"}, {"start": "00:15:22", "end": "00:15:25", "text": "They just send it all. Literally, they"}, {"start": "00:15:24", "end": "00:15:27", "text": "just send it all. You don't even need"}, {"start": "00:15:25", "end": "00:15:31", "text": "their a court order. This is the level"}, {"start": "00:15:27", "end": "00:15:33", "text": "of insanity in the KYC space. Like the"}, {"start": "00:15:31", "end": "00:15:37", "text": "world is overly complying. The world is"}, {"start": "00:15:33", "end": "00:15:39", "text": "overly KYCing to such an extent where"}, {"start": "00:15:37", "end": "00:15:42", "text": "you see that they they they just comply."}, {"start": "00:15:39", "end": "00:15:45", "text": "They they doesn't use your brain their"}, {"start": "00:15:42", "end": "00:15:47", "text": "brain. They just comply. Comply comply"}, {"start": "00:15:45", "end": "00:15:51", "text": "comply. anything that looks mega uh"}, {"start": "00:15:47", "end": "00:15:54", "text": "sorry not mega slightly slightly legit"}, {"start": "00:15:51", "end": "00:15:55", "text": "they mega overcomply. So instead they"}, {"start": "00:15:54", "end": "00:15:58", "text": "should be using their brain. They should"}, {"start": "00:15:55", "end": "00:16:01", "text": "be demanding court order. I mean without"}, {"start": "00:15:58", "end": "00:16:03", "text": "court order. How can you give out"}, {"start": "00:16:01", "end": "00:16:06", "text": "customer information? How can you do it?"}, {"start": "00:16:03", "end": "00:16:08", "text": "So anyway uh this guy uh got all the"}, {"start": "00:16:06", "end": "00:16:10", "text": "info and he got info about famous"}, {"start": "00:16:08", "end": "00:16:12", "text": "people. Like for example this guy, this"}, {"start": "00:16:10", "end": "00:16:14", "text": "guy right here, Felix Romer, you can"}, {"start": "00:16:12", "end": "00:16:16", "text": "check him out on X. I mean he's"}, {"start": "00:16:14", "end": "00:16:18", "text": "literally the you know one of the"}, {"start": "00:16:16", "end": "00:16:21", "text": "founders of a of a cryptocasino. Okay."}, {"start": "00:16:18", "end": "00:16:23", "text": "Uh and yeah, his info is Yeah. It's"}, {"start": "00:16:21", "end": "00:16:26", "text": "here. It's there. is p it's public. So"}, {"start": "00:16:23", "end": "00:16:27", "text": "all in all guys be very careful with"}, {"start": "00:16:26", "end": "00:16:30", "text": "this kind of stuff. Uh I don't know what"}, {"start": "00:16:27", "end": "00:16:33", "text": "the solution is because at the end of"}, {"start": "00:16:30", "end": "00:16:34", "text": "the day uh it's uh yeah I mean what do"}, {"start": "00:16:33", "end": "00:16:36", "text": "you do? What do you do? But just know"}, {"start": "00:16:34", "end": "00:16:39", "text": "that there is a bit of an issue here"}, {"start": "00:16:36", "end": "00:16:40", "text": "with the with the yeah with the"}, {"start": "00:16:39", "end": "00:16:43", "text": "revolute. Okay. If you have revolute you"}, {"start": "00:16:40", "end": "00:16:45", "text": "have to be very careful. Um email them"}, {"start": "00:16:43", "end": "00:16:46", "text": "see if your data is leaked because then"}, {"start": "00:16:45", "end": "00:16:48", "text": "you can take action. Very very"}, {"start": "00:16:46", "end": "00:16:49", "text": "important. Someone asked what kind of"}, {"start": "00:16:48", "end": "00:16:52", "text": "watch is that? I actually have a video"}, {"start": "00:16:49", "end": "00:16:55", "text": "on it. go to my channel and check the"}, {"start": "00:16:52", "end": "00:16:57", "text": "video about this uh uh Daytona Tiffany."}, {"start": "00:16:55", "end": "00:16:58", "text": "Daytona Tiffany. I made a whole video"}, {"start": "00:16:57", "end": "00:17:00", "text": "about it. I made a whole video about it."}, {"start": "00:16:58", "end": "00:17:03", "text": "It's very very nice. I mean, it's like,"}, {"start": "00:17:00", "end": "00:17:05", "text": "you know, in each country, they get a"}, {"start": "00:17:03", "end": "00:17:07", "text": "location, you know, maybe a few of them."}, {"start": "00:17:05", "end": "00:17:10", "text": "Maybe a few of them. It's uh it's one of"}, {"start": "00:17:07", "end": "00:17:11", "text": "the rarest they told us. Uh anyway, but"}, {"start": "00:17:10", "end": "00:17:12", "text": "I I love it. It looks so nice. It's"}, {"start": "00:17:11", "end": "00:17:13", "text": "fantastic. I have a whole video on you"}, {"start": "00:17:12", "end": "00:17:15", "text": "can watch it. You can watch. You can"}, {"start": "00:17:13", "end": "00:17:18", "text": "watch it. So, guys, yeah, revolute be"}, {"start": "00:17:15", "end": "00:17:20", "text": "extremely careful. Extremely careful. So"}, {"start": "00:17:18", "end": "00:17:22", "text": "all your data may be out there and yeah"}, {"start": "00:17:20", "end": "00:17:26", "text": "that's that guys. Moving on. Robin Hood"}, {"start": "00:17:22", "end": "00:17:28", "text": "uh as you know big big big big"}, {"start": "00:17:26", "end": "00:17:30", "text": "uh narrative with all of the stocks."}, {"start": "00:17:28", "end": "00:17:32", "text": "They have a lot of stocks and I'm here"}, {"start": "00:17:30", "end": "00:17:34", "text": "to share with you another narrative."}, {"start": "00:17:32", "end": "00:17:37", "text": "Actually one of you guys asked me about"}, {"start": "00:17:34", "end": "00:17:41", "text": "it on uh Friday or on Thursday about the"}, {"start": "00:17:37", "end": "00:17:45", "text": "CME CME token on Robin Hood. Uh and this"}, {"start": "00:17:41", "end": "00:17:48", "text": "is the new uh meta you could say where"}, {"start": "00:17:45", "end": "00:17:51", "text": "instead of doing memes pulled with"}, {"start": "00:17:48", "end": "00:17:53", "text": "stocks now on Robin Hood there is a new"}, {"start": "00:17:51", "end": "00:17:55", "text": "meta not that big yet but it is up and"}, {"start": "00:17:53", "end": "00:17:57", "text": "coming"}, {"start": "00:17:55", "end": "00:17:59", "text": "um and that's with the with the"}, {"start": "00:17:57", "end": "00:18:02", "text": "commodities and it's not only you know"}, {"start": "00:17:59", "end": "00:18:05", "text": "gold and the T bills it's also like"}, {"start": "00:18:02", "end": "00:18:07", "text": "bigax and stuff let me show let me share"}, {"start": "00:18:05", "end": "00:18:09", "text": "with you so token I stocks on Robin Hood"}, {"start": "00:18:07", "end": "00:18:11", "text": "got the attention and the launchpad"}, {"start": "00:18:09", "end": "00:18:12", "text": "energy so all of the memes on Robin Hood"}, {"start": "00:18:11", "end": "00:18:15", "text": "now that are big. They're all pulled"}, {"start": "00:18:12", "end": "00:18:17", "text": "with uh stocks with tokenized stocks."}, {"start": "00:18:15", "end": "00:18:20", "text": "Last week we discussed at length why"}, {"start": "00:18:17", "end": "00:18:22", "text": "it's interesting how demand in memes can"}, {"start": "00:18:20", "end": "00:18:26", "text": "literally create short squeeze in the"}, {"start": "00:18:22", "end": "00:18:29", "text": "actual stocks on the stock exchange."}, {"start": "00:18:26", "end": "00:18:32", "text": "And so the next open field people are"}, {"start": "00:18:29", "end": "00:18:34", "text": "pointing at is the commodities. The"}, {"start": "00:18:32", "end": "00:18:38", "text": "commodities and novel pairing. So for"}, {"start": "00:18:34", "end": "00:18:42", "text": "example, you have this CME. CME is a"}, {"start": "00:18:38", "end": "00:18:45", "text": "memecoin launchpad on Robin Hood. Okay."}, {"start": "00:18:42", "end": "00:18:47", "text": "And so the way it works is that they"}, {"start": "00:18:45", "end": "00:18:50", "text": "when you launch a meme on CME, you pair"}, {"start": "00:18:47", "end": "00:18:52", "text": "it not with stock but with different"}, {"start": "00:18:50", "end": "00:18:54", "text": "commodities and it's not only the boring"}, {"start": "00:18:52", "end": "00:18:56", "text": "ones like you know gold or T bill also"}, {"start": "00:18:54", "end": "00:19:00", "text": "you can pair it with like Big Mac. Okay,"}, {"start": "00:18:56", "end": "00:19:01", "text": "let me explain to you. So um a commodity"}, {"start": "00:19:00", "end": "00:19:04", "text": "pair launchpad on Robin Hood it is the"}, {"start": "00:19:01", "end": "00:19:06", "text": "CME guys. Then you have um RWL"}, {"start": "00:19:04", "end": "00:19:08", "text": "marketplace terminal uh terminal this"}, {"start": "00:19:06", "end": "00:19:11", "text": "Prisma assets on Robin Hood as well for"}, {"start": "00:19:08", "end": "00:19:14", "text": "the different um commodities and you"}, {"start": "00:19:11", "end": "00:19:15", "text": "also most importantly you need a chain"}, {"start": "00:19:14", "end": "00:19:18", "text": "link here. So maybe you chain link fans"}, {"start": "00:19:15", "end": "00:19:21", "text": "can get a bit excited but chain link is"}, {"start": "00:19:18", "end": "00:19:24", "text": "used for the uh prices of commodities."}, {"start": "00:19:21", "end": "00:19:27", "text": "So while the memes paired with stocks uh"}, {"start": "00:19:24", "end": "00:19:28", "text": "are paired with stock tokens that are"}, {"start": "00:19:27", "end": "00:19:31", "text": "backed one to one here it is more or"}, {"start": "00:19:28", "end": "00:19:33", "text": "less like a contract where where memes"}, {"start": "00:19:31", "end": "00:19:35", "text": "are paired with commodities but just as"}, {"start": "00:19:33", "end": "00:19:38", "text": "a contract just like a price feed not"}, {"start": "00:19:35", "end": "00:19:41", "text": "actual commodities. So uh why people say"}, {"start": "00:19:38", "end": "00:19:44", "text": "stock tokens are done and RWAS are next"}, {"start": "00:19:41", "end": "00:19:47", "text": "Robin Hood chains RA growth is real in"}, {"start": "00:19:44", "end": "00:19:49", "text": "the data token terminal has it in the"}, {"start": "00:19:47", "end": "00:19:51", "text": "top three chains but by RWA you can read"}, {"start": "00:19:49", "end": "00:19:54", "text": "here and so the angle here is that the"}, {"start": "00:19:51", "end": "00:19:56", "text": "equities got the first wave of onchain"}, {"start": "00:19:54", "end": "00:20:00", "text": "rappers and meme launch launch launch"}, {"start": "00:19:56", "end": "00:20:04", "text": "energy and then now you have the uh the"}, {"start": "00:20:00", "end": "00:20:07", "text": "yeah other kind of real world assets. So"}, {"start": "00:20:04", "end": "00:20:10", "text": "now we speak about this uh uh CME. CME"}, {"start": "00:20:07", "end": "00:20:12", "text": "is the new launchpad that launched and"}, {"start": "00:20:10", "end": "00:20:15", "text": "the way it works is that you can now"}, {"start": "00:20:12", "end": "00:20:19", "text": "create memes paired with gold, corn,"}, {"start": "00:20:15", "end": "00:20:23", "text": "oil, cattle, cattle, but also with uh"}, {"start": "00:20:19", "end": "00:20:27", "text": "CS2 skins, Counter Strike skins, Big Mac"}, {"start": "00:20:23", "end": "00:20:28", "text": "cars, even joke street price indexes."}, {"start": "00:20:27", "end": "00:20:29", "text": "Pricing is synthetic oracle driven. So"}, {"start": "00:20:28", "end": "00:20:31", "text": "here is very important. It's a big"}, {"start": "00:20:29", "end": "00:20:33", "text": "difference. It's not a backed by"}, {"start": "00:20:31", "end": "00:20:34", "text": "anything. It's more of a oracle driven."}, {"start": "00:20:33", "end": "00:20:36", "text": "And then you basically have a contract"}, {"start": "00:20:34", "end": "00:20:37", "text": "on chain which is fair. I mean it's it's"}, {"start": "00:20:36", "end": "00:20:39", "text": "it's a it's a valid way to do it but you"}, {"start": "00:20:37", "end": "00:20:41", "text": "should know the difference. So it's not"}, {"start": "00:20:39", "end": "00:20:44", "text": "we hold a a vault of physical uh"}, {"start": "00:20:41", "end": "00:20:47", "text": "physical uh crack or wheat the way Robin"}, {"start": "00:20:44", "end": "00:20:49", "text": "Hood style stock tokens claim Cyback. So"}, {"start": "00:20:47", "end": "00:20:51", "text": "yeah stocks they are backed by real"}, {"start": "00:20:49", "end": "00:20:54", "text": "stocks on Robin Hood these things is"}, {"start": "00:20:51", "end": "00:20:56", "text": "more of an oracle price feed. So that"}, {"start": "00:20:54", "end": "00:20:58", "text": "decision is the whole point of the meta"}, {"start": "00:20:56", "end": "00:21:00", "text": "debate. So you can read here what kind"}, {"start": "00:20:58", "end": "00:21:02", "text": "of people are discussing it because"}, {"start": "00:21:00", "end": "00:21:04", "text": "again without bullmania AI it's very"}, {"start": "00:21:02", "end": "00:21:05", "text": "hard for you to understand it but with"}, {"start": "00:21:04", "end": "00:21:07", "text": "bullman AI you instantly have an"}, {"start": "00:21:05", "end": "00:21:08", "text": "overview of everything. So this guy is"}, {"start": "00:21:07", "end": "00:21:10", "text": "saying you can now pair mecoin with a"}, {"start": "00:21:08", "end": "00:21:11", "text": "car. That's not a joke. Someone built a"}, {"start": "00:21:10", "end": "00:21:13", "text": "launch pad on Robin Hood where your"}, {"start": "00:21:11", "end": "00:21:16", "text": "memecoin gets priced against a commodity"}, {"start": "00:21:13", "end": "00:21:18", "text": "in instead of a crypto or stock. What"}, {"start": "00:21:16", "end": "00:21:21", "text": "counts as commodity on this platform is"}, {"start": "00:21:18", "end": "00:21:23", "text": "gold, corn, crude oil, big mac, burger,"}, {"start": "00:21:21", "end": "00:21:26", "text": "lamorg, genie, teargo,"}, {"start": "00:21:23", "end": "00:21:28", "text": "CS2 dragon lore skin. Is it construct?"}, {"start": "00:21:26", "end": "00:21:30", "text": "It's construct, right? Construct. Yeah,"}, {"start": "00:21:28", "end": "00:21:31", "text": "CS2 dragon lore. But they have dragons"}, {"start": "00:21:30", "end": "00:21:33", "text": "there, man. I don't play Construct. I"}, {"start": "00:21:31", "end": "00:21:35", "text": "don't like Construct. I like Runescape."}, {"start": "00:21:33", "end": "00:21:38", "text": "I like Starcraft. Counterstrike is this"}, {"start": "00:21:35", "end": "00:21:40", "text": "you know debil kind of kid who is"}, {"start": "00:21:38", "end": "00:21:42", "text": "playing you know shooter. I never liked"}, {"start": "00:21:40", "end": "00:21:43", "text": "shooter. Shooter is so debil you know"}, {"start": "00:21:42", "end": "00:21:45", "text": "you boom boom boom shooting shooting."}, {"start": "00:21:43", "end": "00:21:47", "text": "You have to be fast shooting shooting."}, {"start": "00:21:45", "end": "00:21:48", "text": "What is this Runescape? You have to use"}, {"start": "00:21:47", "end": "00:21:50", "text": "brain. You have to learn English. You"}, {"start": "00:21:48", "end": "00:21:52", "text": "have to learn English. You have to be"}, {"start": "00:21:50", "end": "00:21:54", "text": "smart. I was playing Runescape."}, {"start": "00:21:52", "end": "00:21:56", "text": "Starcraft the same thing. It's strategy."}, {"start": "00:21:54", "end": "00:21:58", "text": "You move guys. You invest the economy."}, {"start": "00:21:56", "end": "00:22:00", "text": "You have to do riskreward. Army versus"}, {"start": "00:21:58", "end": "00:22:02", "text": "economy. Long-term short-term. How to"}, {"start": "00:22:00", "end": "00:22:04", "text": "attack? How to do scouting. It's using"}, {"start": "00:22:02", "end": "00:22:06", "text": "the brain. Counter strike. I never liked"}, {"start": "00:22:04", "end": "00:22:07", "text": "guys. It's it's it's the bill kind of"}, {"start": "00:22:06", "end": "00:22:08", "text": "kids playing that. Let me know if you"}, {"start": "00:22:07", "end": "00:22:09", "text": "play it. It's okay. It's okay. It's"}, {"start": "00:22:08", "end": "00:22:11", "text": "okay. But just know you should have"}, {"start": "00:22:09", "end": "00:22:12", "text": "played more, you know, Runescape, maybe"}, {"start": "00:22:11", "end": "00:22:13", "text": "World of Warcraft. Okay, also let me"}, {"start": "00:22:12", "end": "00:22:16", "text": "know, guys. Let me know. But anyway, so"}, {"start": "00:22:13", "end": "00:22:20", "text": "now you can do meme with your the bill"}, {"start": "00:22:16", "end": "00:22:23", "text": "ass skins in into"}, {"start": "00:22:20", "end": "00:22:27", "text": "the country, right? Amazon furniture."}, {"start": "00:22:23", "end": "00:22:29", "text": "You can do Amazon furniture. SKU. Okay."}, {"start": "00:22:27", "end": "00:22:33", "text": "Like the actual product. Yeah. Okay."}, {"start": "00:22:29", "end": "00:22:35", "text": "Street street. Uh yeah. Uh you can see"}, {"start": "00:22:33", "end": "00:22:37", "text": "here um OSRS. See this is good."}, {"start": "00:22:35", "end": "00:22:40", "text": "Runescape. Runescape gold. You can pair"}, {"start": "00:22:37", "end": "00:22:42", "text": "it with Runescape Gold. If your meme is"}, {"start": "00:22:40", "end": "00:22:43", "text": "corn paired, you earn corn fees every 15"}, {"start": "00:22:42", "end": "00:22:45", "text": "minutes. That's interesting."}, {"start": "00:22:43", "end": "00:22:49", "text": "Automatically in the commodity itself,"}, {"start": "00:22:45", "end": "00:22:50", "text": "220 synthetic commodity tokens. Uh, bam,"}, {"start": "00:22:49", "end": "00:22:53", "text": "bam, bam. You read it yourself on the"}, {"start": "00:22:50", "end": "00:22:56", "text": "screen right now. Yeah, I mean,"}, {"start": "00:22:53", "end": "00:22:59", "text": "interesting stuff. Uh, check it out."}, {"start": "00:22:56", "end": "00:23:01", "text": "Caveats. Caveats. Uh, you have the here"}, {"start": "00:22:59", "end": "00:23:04", "text": "CME is the same name as the CME group."}, {"start": "00:23:01", "end": "00:23:06", "text": "So, yeah, likely going to get sued."}, {"start": "00:23:04", "end": "00:23:08", "text": "A prism meta marketplace for every Oh"}, {"start": "00:23:06", "end": "00:23:11", "text": "yeah. So here's another one. So you have"}, {"start": "00:23:08", "end": "00:23:12", "text": "the CME and this is another one. This is"}, {"start": "00:23:11", "end": "00:23:15", "text": "marketplace for buying, selling and"}, {"start": "00:23:12", "end": "00:23:17", "text": "tokenizing real world assets with AI."}, {"start": "00:23:15", "end": "00:23:19", "text": "Okay, why not? Let's have AI for the"}, {"start": "00:23:17", "end": "00:23:20", "text": "sake of it. Let's have AI. So core"}, {"start": "00:23:19", "end": "00:23:25", "text": "thesis. Let's let's check this in real"}, {"start": "00:23:20", "end": "00:23:27", "text": "time as we are exploring this new crazy"}, {"start": "00:23:25", "end": "00:23:29", "text": "meta of the new bull market that is"}, {"start": "00:23:27", "end": "00:23:31", "text": "starting. So uh what is happening here?"}, {"start": "00:23:29", "end": "00:23:32", "text": "Uh the next big rotation may start with"}, {"start": "00:23:31", "end": "00:23:35", "text": "an asset nobody is talking about. And"}, {"start": "00:23:32", "end": "00:23:37", "text": "this guy is saying uh indeed 2,000 plus"}, {"start": "00:23:35", "end": "00:23:38", "text": "assets that nobody talks about are"}, {"start": "00:23:37", "end": "00:23:40", "text": "already live being traded on prism."}, {"start": "00:23:38", "end": "00:23:44", "text": "Nobody's talking about tokenized bonds,"}, {"start": "00:23:40", "end": "00:23:46", "text": "art, heavy metals, diamond, platinum, uh"}, {"start": "00:23:44", "end": "00:23:48", "text": "cobalt, nickel, yada yada yada. The"}, {"start": "00:23:46", "end": "00:23:50", "text": "kickstart of started with tokenized"}, {"start": "00:23:48", "end": "00:23:52", "text": "equities. But soon once liquidity is"}, {"start": "00:23:50", "end": "00:23:54", "text": "full and enough, people will realize"}, {"start": "00:23:52", "end": "00:23:56", "text": "rappers of an asset which anyone can buy"}, {"start": "00:23:54", "end": "00:23:59", "text": "less valuable than rappers of a novelty"}, {"start": "00:23:56", "end": "00:24:01", "text": "asset that you can't really own in real"}, {"start": "00:23:59", "end": "00:24:04", "text": "life. Uh so yeah, uh interesting stuff."}, {"start": "00:24:01", "end": "00:24:06", "text": "You can check here this prism thing."}, {"start": "00:24:04", "end": "00:24:09", "text": "Let's actually see how it uh I've not"}, {"start": "00:24:06", "end": "00:24:11", "text": "used uh any of this. But uh as an"}, {"start": "00:24:09", "end": "00:24:13", "text": "observer, let's see what what we we see"}, {"start": "00:24:11", "end": "00:24:15", "text": "here. Uh okay, show me around. Real"}, {"start": "00:24:13", "end": "00:24:17", "text": "world assets recorded onchain token. Let"}, {"start": "00:24:15", "end": "00:24:20", "text": "me know guys if we should be uh into"}, {"start": "00:24:17", "end": "00:24:22", "text": "this u uh and to be fair, we're super"}, {"start": "00:24:20", "end": "00:24:24", "text": "early here like discovering all this dig"}, {"start": "00:24:22", "end": "00:24:26", "text": "stuff. Uh so the marketplace. Okay, what"}, {"start": "00:24:24", "end": "00:24:28", "text": "is it? Every asset here is real. Verify"}, {"start": "00:24:26", "end": "00:24:30", "text": "token browse by yield. Oh yeah, so this"}, {"start": "00:24:28", "end": "00:24:33", "text": "is like a serious thing actually. Prism"}, {"start": "00:24:30", "end": "00:24:37", "text": "decks. Swap tokenized asset providers."}, {"start": "00:24:33", "end": "00:24:40", "text": "There you go. Uh, okay. Okay. Okay. Find"}, {"start": "00:24:37", "end": "00:24:42", "text": "anything fast. Trade live. Okay. Okay."}, {"start": "00:24:40", "end": "00:24:44", "text": "So, let's let's let's find Okay."}, {"start": "00:24:42", "end": "00:24:46", "text": "Ferrari. Ferrari. What's happening? What"}, {"start": "00:24:44", "end": "00:24:49", "text": "can I buy? Can I buy a car here? Rapper"}, {"start": "00:24:46", "end": "00:24:51", "text": "collectible. Okay. Okay. It's $1 for"}, {"start": "00:24:49", "end": "00:24:56", "text": "Ferrari. What is this crap? Okay. Okay."}, {"start": "00:24:51", "end": "00:24:57", "text": "Okay. Okay. Pers verific. See treasures."}, {"start": "00:24:56", "end": "00:25:01", "text": "Here you can get healed. There you go."}, {"start": "00:24:57", "end": "00:25:06", "text": "Gold. Newon Prism,"}, {"start": "00:25:01", "end": "00:25:09", "text": "Nvidia, Tesla, art. What is this? Some"}, {"start": "00:25:06", "end": "00:25:09", "text": "crap NFC."}, {"start": "00:25:10", "end": "00:25:15", "text": "So anyway, people take this kind of"}, {"start": "00:25:12", "end": "00:25:17", "text": "serious stuff, serious legit stuff, so"}, {"start": "00:25:15", "end": "00:25:20", "text": "to speak. And what do they do? What is"}, {"start": "00:25:17", "end": "00:25:22", "text": "this real token? Ah, okay. See, if you"}, {"start": "00:25:20", "end": "00:25:24", "text": "want to buy something in Detroit, you"}, {"start": "00:25:22", "end": "00:25:26", "text": "can buy this token in Detroit. Oh, yeah."}, {"start": "00:25:24", "end": "00:25:29", "text": "I guess that's why Ferrari is $1 because"}, {"start": "00:25:26", "end": "00:25:31", "text": "it's like tokenized, right?"}, {"start": "00:25:29", "end": "00:25:33", "text": "It's like $1 because they create like a"}, {"start": "00:25:31", "end": "00:25:34", "text": "million tokens or whatever. Could be"}, {"start": "00:25:33", "end": "00:25:38", "text": "that. But anyway, here here's another"}, {"start": "00:25:34", "end": "00:25:40", "text": "one. Uh you have"}, {"start": "00:25:38", "end": "00:25:43", "text": "guys, are you in Detroit? Because I can"}, {"start": "00:25:40", "end": "00:25:46", "text": "buy your house."}, {"start": "00:25:43", "end": "00:25:49", "text": "So anyway, serious stuff that gets"}, {"start": "00:25:46", "end": "00:25:50", "text": "paired with meme to pump it, I guess."}, {"start": "00:25:49", "end": "00:25:52", "text": "Yeah. I mean, let's see. It's"}, {"start": "00:25:50", "end": "00:25:54", "text": "interesting. It's interesting as a new"}, {"start": "00:25:52", "end": "00:25:55", "text": "idea, but the difference is that stocks"}, {"start": "00:25:54", "end": "00:25:58", "text": "actually pump a lot. I don't know how"}, {"start": "00:25:55", "end": "00:26:00", "text": "much like all of this you know bonds and"}, {"start": "00:25:58", "end": "00:26:02", "text": "stuff are going to pumpkinize copper and"}, {"start": "00:26:00", "end": "00:26:04", "text": "tokeniz durian coming soon and prism is"}, {"start": "00:26:02", "end": "00:26:07", "text": "this prism guy or what building pris"}, {"start": "00:26:04", "end": "00:26:11", "text": "okay let me follow this this hash hopes"}, {"start": "00:26:07", "end": "00:26:13", "text": "is prism guy this is part of the 161 not"}, {"start": "00:26:11", "end": "00:26:14", "text": "assets we're working on listing on prism"}, {"start": "00:26:13", "end": "00:26:16", "text": "I'm working tomorrow for prison for yada"}, {"start": "00:26:14", "end": "00:26:18", "text": "yada yada there you go there you go"}, {"start": "00:26:16", "end": "00:26:20", "text": "durian oh it's this freaking fruit that"}, {"start": "00:26:18", "end": "00:26:23", "text": "stinks yeah"}, {"start": "00:26:20", "end": "00:26:23", "text": "wait"}, {"start": "00:26:24", "end": "00:26:29", "text": "can I bite Jurian, it's not live yet."}, {"start": "00:26:26", "end": "00:26:31", "text": "Okay. Stokenize taking baskets. Baskets."}, {"start": "00:26:29", "end": "00:26:34", "text": "Baskets. What's happening? Basket. Give"}, {"start": "00:26:31", "end": "00:26:37", "text": "me basket. PG. All of this. Sovereign"}, {"start": "00:26:34", "end": "00:26:39", "text": "yield. I want the weird ass"}, {"start": "00:26:37", "end": "00:26:42", "text": "Magnificent five. Okay. Okay. Silicon."}, {"start": "00:26:39", "end": "00:26:44", "text": "Silicon. Tibil. Silver. Bam. Bam. Bam."}, {"start": "00:26:42", "end": "00:26:45", "text": "Broad market. Crypto. Okay. But I want"}, {"start": "00:26:44", "end": "00:26:47", "text": "the weird ass. I want the fruit, man. I"}, {"start": "00:26:45", "end": "00:26:50", "text": "want the fruit. Where? Where is the"}, {"start": "00:26:47", "end": "00:26:51", "text": "fruit? Premium radar. New listing. New"}, {"start": "00:26:50", "end": "00:26:54", "text": "listing. New listing. New listing. Let's"}, {"start": "00:26:51", "end": "00:26:59", "text": "go. New listing. Come on. the website"}, {"start": "00:26:54", "end": "00:27:00", "text": "works or it doesn't work here. So, uh"}, {"start": "00:26:59", "end": "00:27:02", "text": "yeah, but where is the new listing? This"}, {"start": "00:27:00", "end": "00:27:04", "text": "is not new listing. Anyway guys, you can"}, {"start": "00:27:02", "end": "00:27:07", "text": "explore more. I'm here to tell you about"}, {"start": "00:27:04", "end": "00:27:09", "text": "the uh the meta because the CME"}, {"start": "00:27:07", "end": "00:27:14", "text": "launchpad is taking all of this. They"}, {"start": "00:27:09", "end": "00:27:17", "text": "create meme. Okay. D by meme. Okay."}, {"start": "00:27:14", "end": "00:27:20", "text": "Uh so move from saturated X token into"}, {"start": "00:27:17", "end": "00:27:23", "text": "broader LBA CME launch on CME. Let's see"}, {"start": "00:27:20", "end": "00:27:27", "text": "if this token how it's doing."}, {"start": "00:27:23", "end": "00:27:30", "text": "If we go to deck screener,"}, {"start": "00:27:27", "end": "00:27:31", "text": "I don't recommend anyone to trade any"}, {"start": "00:27:30", "end": "00:27:34", "text": "like of this, you know, meme stuff, but"}, {"start": "00:27:31", "end": "00:27:38", "text": "to see if you can buy the casino. Can we"}, {"start": "00:27:34", "end": "00:27:40", "text": "buy the casino here? Yes."}, {"start": "00:27:38", "end": "00:27:41", "text": "In all of these things, you want to be"}, {"start": "00:27:40", "end": "00:27:44", "text": "buying the casino. I guess this is the"}, {"start": "00:27:41", "end": "00:27:47", "text": "casino. So, in this case, the CME token"}, {"start": "00:27:44", "end": "00:27:49", "text": "is the cazasino that is minting all of"}, {"start": "00:27:47", "end": "00:27:52", "text": "this digent stuff. It got launched on"}, {"start": "00:27:49", "end": "00:27:56", "text": "September 8th."}, {"start": "00:27:52", "end": "00:27:59", "text": "Yeah. And so this I guess is the one for"}, {"start": "00:27:56", "end": "00:28:01", "text": "what we just uh spoke about. So you know"}, {"start": "00:27:59", "end": "00:28:03", "text": "with a with a memecoin you're going to"}, {"start": "00:28:01", "end": "00:28:05", "text": "get fleeced. You as a boomer if you come"}, {"start": "00:28:03", "end": "00:28:08", "text": "at least I'm also a boomer when it comes"}, {"start": "00:28:05", "end": "00:28:10", "text": "to memes. See we're covering it today"}, {"start": "00:28:08", "end": "00:28:13", "text": "September the 14th."}, {"start": "00:28:10", "end": "00:28:16", "text": "Some of you guys some of you guys were"}, {"start": "00:28:13", "end": "00:28:18", "text": "shilling it already on Friday because"}, {"start": "00:28:16", "end": "00:28:19", "text": "someone asked me about CME. I was like"}, {"start": "00:28:18", "end": "00:28:22", "text": "what do you mean CME? Like CME future?"}, {"start": "00:28:19", "end": "00:28:24", "text": "What do you mean? What do you mean CV?"}, {"start": "00:28:22", "end": "00:28:28", "text": "Then during weekend I checked this. So"}, {"start": "00:28:24", "end": "00:28:31", "text": "you see we're here boomers. Okay. We're"}, {"start": "00:28:28", "end": "00:28:35", "text": "here boomers. You and I you're you're"}, {"start": "00:28:31", "end": "00:28:37", "text": "not a crackhead Gen Z sitting in in"}, {"start": "00:28:35", "end": "00:28:40", "text": "front of the screens. Most of you"}, {"start": "00:28:37", "end": "00:28:41", "text": "aren't. Okay. So for you to be there"}, {"start": "00:28:40", "end": "00:28:43", "text": "buying the meme, you're going to get"}, {"start": "00:28:41", "end": "00:28:45", "text": "fleeced. You're going to get robbed. But"}, {"start": "00:28:43", "end": "00:28:48", "text": "if you can buy the casino, whether it's"}, {"start": "00:28:45", "end": "00:28:49", "text": "pawns or CME or whatever, if you're into"}, {"start": "00:28:48", "end": "00:28:50", "text": "this kind of stuff, you have the"}, {"start": "00:28:49", "end": "00:28:54", "text": "mechanical rules, you have the money"}, {"start": "00:28:50", "end": "00:28:57", "text": "line, better, better,"}, {"start": "00:28:54", "end": "00:29:00", "text": "better, still risky, still likely to get"}, {"start": "00:28:57", "end": "00:29:01", "text": "fleeced like a mefer, like an Mfer"}, {"start": "00:29:00", "end": "00:29:02", "text": "without bullman, without mechanical"}, {"start": "00:29:01", "end": "00:29:04", "text": "rules, guys, is a question of time"}, {"start": "00:29:02", "end": "00:29:05", "text": "before you're fleeced. I mean, just up"}, {"start": "00:29:04", "end": "00:29:06", "text": "front, honest, it's a question of time"}, {"start": "00:29:05", "end": "00:29:07", "text": "because you don't you don't know"}, {"start": "00:29:06", "end": "00:29:09", "text": "mechanical rules. You don't know too"}, {"start": "00:29:07", "end": "00:29:11", "text": "much. Bulmania now is closed but if you"}, {"start": "00:29:09", "end": "00:29:13", "text": "join the newsletter second link in"}, {"start": "00:29:11", "end": "00:29:15", "text": "description click it now you will be"}, {"start": "00:29:13", "end": "00:29:16", "text": "updated when when new spots open it's"}, {"start": "00:29:15", "end": "00:29:18", "text": "very important very important other I"}, {"start": "00:29:16", "end": "00:29:19", "text": "mean fleing is it's it's a question of"}, {"start": "00:29:18", "end": "00:29:21", "text": "time for you otherwise you know you're"}, {"start": "00:29:19", "end": "00:29:22", "text": "going to get crooked in one way or"}, {"start": "00:29:21", "end": "00:29:24", "text": "another anyway so that's that with the"}, {"start": "00:29:22", "end": "00:29:26", "text": "CME let me know if you love this kind of"}, {"start": "00:29:24", "end": "00:29:29", "text": "you know deep dive into the into the new"}, {"start": "00:29:26", "end": "00:29:32", "text": "stuff uh if you like you smash up the"}, {"start": "00:29:29", "end": "00:29:35", "text": "like you say I love it Ivan I love it"}, {"start": "00:29:32", "end": "00:29:37", "text": "say Ivan I love it when you say new"}, {"start": "00:29:35", "end": "00:29:39", "text": "stuff I love it when you tell about the"}, {"start": "00:29:37", "end": "00:29:41", "text": "new blizzing because where else? Who"}, {"start": "00:29:39", "end": "00:29:43", "text": "else is going to teach you? Who else is"}, {"start": "00:29:41", "end": "00:29:46", "text": "going to teach you? Only here. Exactly."}, {"start": "00:29:43", "end": "00:29:49", "text": "Only I tech the max humbleness. We teach"}, {"start": "00:29:46", "end": "00:29:50", "text": "you everything. Everything there is. And"}, {"start": "00:29:49", "end": "00:29:53", "text": "now back to the boomer world. Back to"}, {"start": "00:29:50", "end": "00:29:56", "text": "the boomer world. Let's say let's see"}, {"start": "00:29:53", "end": "00:30:00", "text": "what Matt Hugan is saying here."}, {"start": "00:29:56", "end": "00:30:01", "text": ">> I think the bottom is in um I think we"}, {"start": "00:30:00", "end": "00:30:05", "text": "have this nice book end of October 10th"}, {"start": "00:30:01", "end": "00:30:08", "text": "and a leverage blowout on uh overlevered"}, {"start": "00:30:05", "end": "00:30:10", "text": "long positions. And now we had a"}, {"start": "00:30:08", "end": "00:30:12", "text": "leverage blowout on overleveraged short"}, {"start": "00:30:10", "end": "00:30:15", "text": "positions. I think that bookends the"}, {"start": "00:30:12", "end": "00:30:18", "text": "pullback nicely. I think we've seen"}, {"start": "00:30:15", "end": "00:30:20", "text": "Treasury blink on the fiscal situation."}, {"start": "00:30:18", "end": "00:30:24", "text": "They've now blinked three times by my"}, {"start": "00:30:20", "end": "00:30:26", "text": "count. Uh first with the yen uh then"}, {"start": "00:30:24", "end": "00:30:28", "text": "with the buyback and now saying that the"}, {"start": "00:30:26", "end": "00:30:31", "text": "buyback might have to increase. I think"}, {"start": "00:30:28", "end": "00:30:33", "text": "they'll continue to blink. Um yeah, I"}, {"start": "00:30:31", "end": "00:30:35", "text": "think the I think the I think the bottom"}, {"start": "00:30:33", "end": "00:30:37", "text": "is in. There are no sellers left in the"}, {"start": "00:30:35", "end": "00:30:38", "text": "market. So I think people were waiting"}, {"start": "00:30:37", "end": "00:30:40", "text": "on the sidelines. I think we go higher"}, {"start": "00:30:38", "end": "00:30:41", "text": "from here."}, {"start": "00:30:40", "end": "00:30:44", "text": ">> There you go guys. We go higher from"}, {"start": "00:30:41", "end": "00:30:46", "text": "here. And who else will bring you this"}, {"start": "00:30:44", "end": "00:30:48", "text": "contract? We were just in the digest in"}, {"start": "00:30:46", "end": "00:30:50", "text": "the dig and very quickly, you saw how we"}, {"start": "00:30:48", "end": "00:30:53", "text": "did it. We very quickly transitioned"}, {"start": "00:30:50", "end": "00:30:55", "text": "into the boomer bitcoin world that you"}, {"start": "00:30:53", "end": "00:30:58", "text": "all know and love. So I give you the"}, {"start": "00:30:55", "end": "00:31:00", "text": "bleeding edge and then back to safety."}, {"start": "00:30:58", "end": "00:31:03", "text": "So you we expand your horizon. We expand"}, {"start": "00:31:00", "end": "00:31:05", "text": "what you understand. We expand basically"}, {"start": "00:31:03", "end": "00:31:07", "text": "your consciousness. That's why sometimes"}, {"start": "00:31:05", "end": "00:31:08", "text": "we say that bull mania and what we do is"}, {"start": "00:31:07", "end": "00:31:11", "text": "kind of gift to humanity because we"}, {"start": "00:31:08", "end": "00:31:14", "text": "lally expand your consciousness. Okay, I"}, {"start": "00:31:11", "end": "00:31:16", "text": "don't know if you love that."}, {"start": "00:31:14", "end": "00:31:18", "text": "VC. Vivvec, where is VC? He was supposed"}, {"start": "00:31:16", "end": "00:31:20", "text": "to be in administration. I guess he got"}, {"start": "00:31:18", "end": "00:31:22", "text": "scammed from his administration"}, {"start": "00:31:20", "end": "00:31:25", "text": "position. No one cares about Vivvec."}, {"start": "00:31:22", "end": "00:31:28", "text": "Where is the little VC? Somewhere no one"}, {"start": "00:31:25", "end": "00:31:30", "text": "knows. But he has two billion Stribe."}, {"start": "00:31:28", "end": "00:31:33", "text": "It's his company just announcing they"}, {"start": "00:31:30", "end": "00:31:35", "text": "will buy more and more and more and more"}, {"start": "00:31:33", "end": "00:31:38", "text": "Bitcoin. That's very very nice."}, {"start": "00:31:35", "end": "00:31:40", "text": "Fantastic. Reach out to VC. But yeah, no"}, {"start": "00:31:38", "end": "00:31:43", "text": "one cares about his where is he still in"}, {"start": "00:31:40", "end": "00:31:45", "text": "politics what he's doing. VC VC I"}, {"start": "00:31:43", "end": "00:31:46", "text": "haven't heard anything about VC. Maybe"}, {"start": "00:31:45", "end": "00:31:48", "text": "he's still relevant. Maybe not. But"}, {"start": "00:31:46", "end": "00:31:51", "text": "yeah, anyway, maybe you can buy Bitcoin."}, {"start": "00:31:48", "end": "00:31:53", "text": "Can buy Bitcoin. That's that. U Yeah,"}, {"start": "00:31:51", "end": "00:31:56", "text": "guys. I mean, let's go to Q&A. We're"}, {"start": "00:31:53", "end": "00:31:57", "text": "still in this situation after the"}, {"start": "00:31:56", "end": "00:32:01", "text": "weekend. Oh, yeah. We're going to check"}, {"start": "00:31:57", "end": "00:32:04", "text": "some some flips. Uh look here, Zcat."}, {"start": "00:32:01", "end": "00:32:07", "text": "Zcat is memecoin where you get reward in"}, {"start": "00:32:04", "end": "00:32:09", "text": "Zcash. Okay. Now, a big a bit back to"}, {"start": "00:32:07", "end": "00:32:11", "text": "the uh to the Gen Z. Let's see what's"}, {"start": "00:32:09", "end": "00:32:15", "text": "happening here with Zcat. If you love"}, {"start": "00:32:11", "end": "00:32:17", "text": "memes and you want Zcash, Zcat is for"}, {"start": "00:32:15", "end": "00:32:19", "text": "you. Let's let's see what is saying."}, {"start": "00:32:17", "end": "00:32:22", "text": ">> I don't know. Onchain long-term holds is"}, {"start": "00:32:19", "end": "00:32:26", "text": "is difficult. It really is. There's not"}, {"start": "00:32:22", "end": "00:32:29", "text": "a lot that you I'm like super convicted"}, {"start": "00:32:26", "end": "00:32:30", "text": "on what I could say. Um"}, {"start": "00:32:29", "end": "00:32:33", "text": "yeah, I currently have a I currently"}, {"start": "00:32:30", "end": "00:32:36", "text": "have Zcat. Zcat is cool."}, {"start": "00:32:33", "end": "00:32:38", "text": "Um Zcat is like the Stomp fund token."}, {"start": "00:32:36", "end": "00:32:39", "text": "It's paired with Zcash. It's a"}, {"start": "00:32:38", "end": "00:32:41", "text": "reflection token. So there's fees on all"}, {"start": "00:32:39", "end": "00:32:43", "text": "the trading volume and in that fees it"}, {"start": "00:32:41", "end": "00:32:46", "text": "airdrops Zcash to all the Zcat holders"}, {"start": "00:32:43", "end": "00:32:48", "text": "which is cool. Um I think that's an"}, {"start": "00:32:46", "end": "00:32:49", "text": "interesting one because Zcash holders"}, {"start": "00:32:48", "end": "00:32:50", "text": "don't have any memes and like obviously"}, {"start": "00:32:49", "end": "00:32:53", "text": "it's not a chain where people trade"}, {"start": "00:32:50", "end": "00:32:54", "text": "memes. So every cycle when there was an"}, {"start": "00:32:53", "end": "00:32:56", "text": "L1 that did really well, there was a"}, {"start": "00:32:54", "end": "00:32:58", "text": "meme attached to that L1 that did really"}, {"start": "00:32:56", "end": "00:33:00", "text": "well. But with Zcash, it's like there's"}, {"start": "00:32:58", "end": "00:33:02", "text": "never going to be a meme on"}, {"start": "00:33:00", "end": "00:33:05", "text": "Zcash chain. Um, so this is kind of"}, {"start": "00:33:02", "end": "00:33:06", "text": "filling that gap where a lot of DJs who"}, {"start": "00:33:05", "end": "00:33:08", "text": "would never be holding Zcash are now"}, {"start": "00:33:06", "end": "00:33:08", "text": "holding Zcat and getting air drop Zcash."}, {"start": "00:33:08", "end": "00:33:11", "text": "So I think"}, {"start": "00:33:08", "end": "00:33:13", "text": ">> Yeah. Yeah. So anyway, Zcat, if you like"}, {"start": "00:33:11", "end": "00:33:15", "text": "that. Yo, Isaac is saying Robin has"}, {"start": "00:33:13", "end": "00:33:17", "text": "pawns for me. Yeah, I know, bro. I know,"}, {"start": "00:33:15", "end": "00:33:18", "text": "bro. And we know pawns. We know pawns is"}, {"start": "00:33:17", "end": "00:33:21", "text": "this. Even we know it. I mean, it's it's"}, {"start": "00:33:18", "end": "00:33:23", "text": "outdated. Even we the, you know, the non"}, {"start": "00:33:21", "end": "00:33:25", "text": "Gen Z's. We know it. We know it. Isaac,"}, {"start": "00:33:23", "end": "00:33:27", "text": "you're a bit behind here. We discuss"}, {"start": "00:33:25", "end": "00:33:28", "text": "spawns for weeks already. It's like last"}, {"start": "00:33:27", "end": "00:33:30", "text": "week. So last week is, you know, we know"}, {"start": "00:33:28", "end": "00:33:32", "text": "it, man. We know it. We know it. We're"}, {"start": "00:33:30", "end": "00:33:34", "text": "we're we're I'm telling you, we're now"}, {"start": "00:33:32", "end": "00:33:36", "text": "on the bleeding edge of new stuff. This"}, {"start": "00:33:34", "end": "00:33:39", "text": "CME stuff just launched on like"}, {"start": "00:33:36", "end": "00:33:41", "text": "Thursday, okay? It's a It's not even a"}, {"start": "00:33:39", "end": "00:33:44", "text": "week. It's not. So, we're here to bring"}, {"start": "00:33:41", "end": "00:33:46", "text": "you the latest latest latest. And"}, {"start": "00:33:44", "end": "00:33:50", "text": "probably I told you about pawns. WHY YOU"}, {"start": "00:33:46", "end": "00:33:50", "text": "ME I TOLD YOU ABOUT PAWNS."}, {"start": "00:33:51", "end": "00:33:55", "text": "BIG SHOUT. BIG SHOUT. BIG SHOUT, GUYS."}, {"start": "00:33:53", "end": "00:33:57", "text": "YEAH, let's go to Q&A. There is a bit of"}, {"start": "00:33:55", "end": "00:33:58", "text": "a thing here with Venice. Uh, keep an"}, {"start": "00:33:57", "end": "00:34:00", "text": "eye on Venice. Let's see how Venice is"}, {"start": "00:33:58", "end": "00:34:02", "text": "doing."}, {"start": "00:34:00", "end": "00:34:04", "text": "Venice. Venice. Where is it? Venice."}, {"start": "00:34:02", "end": "00:34:06", "text": "Venice. Venice. Oh, off. Off. Bull."}, {"start": "00:34:04", "end": "00:34:07", "text": "Bull. Bull. Bull for many different"}, {"start": "00:34:06", "end": "00:34:10", "text": "reasons. I mean, you see bull trend open"}, {"start": "00:34:07", "end": "00:34:14", "text": "then boop continues bull. But why is it"}, {"start": "00:34:10", "end": "00:34:15", "text": "bullish? Number one is because the big"}, {"start": "00:34:14", "end": "00:34:17", "text": "text, they're stealing your data."}, {"start": "00:34:15", "end": "00:34:18", "text": "They're stealing your ideas. Open AAI as"}, {"start": "00:34:17", "end": "00:34:20", "text": "you know there's a big debate whether"}, {"start": "00:34:18", "end": "00:34:22", "text": "they stole the solution to the millennia"}, {"start": "00:34:20", "end": "00:34:24", "text": "problem or not. Uh it was last week we"}, {"start": "00:34:22", "end": "00:34:28", "text": "discussed a lot. Uh but also you see"}, {"start": "00:34:24", "end": "00:34:29", "text": "here now there is a lot of people there"}, {"start": "00:34:28", "end": "00:34:33", "text": "are a lot of people coming out saying"}, {"start": "00:34:29", "end": "00:34:35", "text": "that oy now we need to stop AI."}, {"start": "00:34:33", "end": "00:34:38", "text": "Anthropic came out and said that they"}, {"start": "00:34:35", "end": "00:34:39", "text": "need to stop AI. Like all these big labs"}, {"start": "00:34:38", "end": "00:34:41", "text": "are coming out saying we have to"}, {"start": "00:34:39", "end": "00:34:43", "text": "regulate we have to stop. We have to"}, {"start": "00:34:41", "end": "00:34:45", "text": "stop as soon as soon as soon as possible"}, {"start": "00:34:43", "end": "00:34:47", "text": "all of this AI we have to stop. And just"}, {"start": "00:34:45", "end": "00:34:49", "text": "like Jason is saying here, get ready for"}, {"start": "00:34:47", "end": "00:34:52", "text": "all of the investors in frontier model"}, {"start": "00:34:49", "end": "00:34:56", "text": "companies to suddenly flip to regulatory"}, {"start": "00:34:52", "end": "00:34:58", "text": "capture mode today. Their investments in"}, {"start": "00:34:56", "end": "00:35:01", "text": "frontier model companies are currently"}, {"start": "00:34:58", "end": "00:35:03", "text": "at risk capped because uh they the"}, {"start": "00:35:01", "end": "00:35:04", "text": "biggest buyers of tokens are embracing"}, {"start": "00:35:03", "end": "00:35:07", "text": "open source. Basically they invested a"}, {"start": "00:35:04", "end": "00:35:09", "text": "bunch in this you know open AI anthropic"}, {"start": "00:35:07", "end": "00:35:12", "text": "but now open source is like better or"}, {"start": "00:35:09", "end": "00:35:14", "text": "the same or a bit worse but no one cares"}, {"start": "00:35:12", "end": "00:35:15", "text": "that it's a bit worse because uh for"}, {"start": "00:35:14", "end": "00:35:17", "text": "most use cases you don't you don't need"}, {"start": "00:35:15", "end": "00:35:19", "text": "the bleeding bleeding bleeding edge I"}, {"start": "00:35:17", "end": "00:35:21", "text": "mean for most business use cases"}, {"start": "00:35:19", "end": "00:35:23", "text": "nowadays whether it is support whether"}, {"start": "00:35:21", "end": "00:35:25", "text": "it is you know summarizing document"}, {"start": "00:35:23", "end": "00:35:26", "text": "whether it is reading legal contract"}, {"start": "00:35:25", "end": "00:35:28", "text": "like you actually don't need the"}, {"start": "00:35:26", "end": "00:35:30", "text": "bleeding bleing bleing bleing the open"}, {"start": "00:35:28", "end": "00:35:32", "text": "source they are bleeding edge enough so"}, {"start": "00:35:30", "end": "00:35:34", "text": "to speak that they are like frontier"}, {"start": "00:35:32", "end": "00:35:36", "text": "maybe a bit worse But sometimes better."}, {"start": "00:35:34", "end": "00:35:38", "text": "Sometimes this Chinese ones Quen cames"}, {"start": "00:35:36", "end": "00:35:39", "text": "out with better and it's free to run."}, {"start": "00:35:38", "end": "00:35:42", "text": "Now you still need to have the hardware"}, {"start": "00:35:39", "end": "00:35:45", "text": "to run. But uh you don't have like"}, {"start": "00:35:42", "end": "00:35:48", "text": "someone some sneaky sneaky sneaky old"}, {"start": "00:35:45", "end": "00:35:51", "text": "some old man. Sneaky sneaky man. Some"}, {"start": "00:35:48", "end": "00:35:52", "text": "old man uh I don't know like there is"}, {"start": "00:35:51", "end": "00:35:54", "text": "something there. There's something with"}, {"start": "00:35:52", "end": "00:35:56", "text": "the guy like I don't know like there's"}, {"start": "00:35:54", "end": "00:35:57", "text": "some some some sneakiness when he"}, {"start": "00:35:56", "end": "00:36:02", "text": "speaks. I'm like man I I get alerts in"}, {"start": "00:35:57", "end": "00:36:05", "text": "my head. There's something sneaky here."}, {"start": "00:36:02", "end": "00:36:07", "text": "I would rather take open source Chinese"}, {"start": "00:36:05", "end": "00:36:10", "text": "boop put it on hardware boop boop it's"}, {"start": "00:36:07", "end": "00:36:12", "text": "working working uh I can see that it"}, {"start": "00:36:10", "end": "00:36:14", "text": "doesn't communicate with China because"}, {"start": "00:36:12", "end": "00:36:16", "text": "it's it's just a model man it doesn't"}, {"start": "00:36:14", "end": "00:36:17", "text": "have it doesn't communicate with China"}, {"start": "00:36:16", "end": "00:36:19", "text": "okay don't people like oh no but it's"}, {"start": "00:36:17", "end": "00:36:21", "text": "Chinese don't worry man don't worry like"}, {"start": "00:36:19", "end": "00:36:24", "text": "it's open source it's freaking open"}, {"start": "00:36:21", "end": "00:36:27", "text": "source it's it's a model it's a model"}, {"start": "00:36:24", "end": "00:36:29", "text": "okay it's a model now the model can"}, {"start": "00:36:27", "end": "00:36:32", "text": "still be biased it can be trained in a"}, {"start": "00:36:29", "end": "00:36:34", "text": "biased way but the thing is will you be"}, {"start": "00:36:32", "end": "00:36:36", "text": "asking about the a certain square the T"}, {"start": "00:36:34", "end": "00:36:37", "text": "square you will I likely not be asking"}, {"start": "00:36:36", "end": "00:36:40", "text": "about this the T square in your"}, {"start": "00:36:37", "end": "00:36:42", "text": "day-to-day work okay so for you you save"}, {"start": "00:36:40", "end": "00:36:44", "text": "all this money you don't need to have"}, {"start": "00:36:42", "end": "00:36:46", "text": "Sam Alman in your life you okay you"}, {"start": "00:36:44", "end": "00:36:47", "text": "cannot ask about the T square okay but"}, {"start": "00:36:46", "end": "00:36:49", "text": "you see it's like what what you choose"}, {"start": "00:36:47", "end": "00:36:50", "text": "what you choose because otherwise the"}, {"start": "00:36:49", "end": "00:36:52", "text": "alternative is that you use Sam Alman he"}, {"start": "00:36:50", "end": "00:36:54", "text": "steals your idea and he publishes it and"}, {"start": "00:36:52", "end": "00:36:56", "text": "now he is a Nobel Prize winner for math"}, {"start": "00:36:54", "end": "00:36:59", "text": "in this millennia prize okay so what you"}, {"start": "00:36:56", "end": "00:37:01", "text": "want you understand so now all of these"}, {"start": "00:36:59", "end": "00:37:03", "text": "a companies They're begging the"}, {"start": "00:37:01", "end": "00:37:05", "text": "government to regulate AI. Of course,"}, {"start": "00:37:03", "end": "00:37:08", "text": "they are going to be the ones that are"}, {"start": "00:37:05", "end": "00:37:09", "text": "allowed to do AI. And so that's what"}, {"start": "00:37:08", "end": "00:37:11", "text": "what all about stopping open source,"}, {"start": "00:37:09", "end": "00:37:12", "text": "which I've been saying on the pod for"}, {"start": "00:37:11", "end": "00:37:14", "text": "two years. If you want safety, you want"}, {"start": "00:37:12", "end": "00:37:16", "text": "disclosure, and open source is the"}, {"start": "00:37:14", "end": "00:37:18", "text": "ultimate disclosure process. Look here,"}, {"start": "00:37:16", "end": "00:37:19", "text": "you're going to now have uh the"}, {"start": "00:37:18", "end": "00:37:22", "text": "regulatory capture become bigger and"}, {"start": "00:37:19", "end": "00:37:24", "text": "bigger and bigger. N regulatory capture"}, {"start": "00:37:22", "end": "00:37:26", "text": "will be binding open source and or"}, {"start": "00:37:24", "end": "00:37:28", "text": "Chinese models. That's a very dangerous"}, {"start": "00:37:26", "end": "00:37:31", "text": "thing because then there will never be"}, {"start": "00:37:28", "end": "00:37:33", "text": "the there will never be new AI frontier"}, {"start": "00:37:31", "end": "00:37:35", "text": "companies being able to compete again"}, {"start": "00:37:33", "end": "00:37:37", "text": "and with exponential self-improving AI"}, {"start": "00:37:35", "end": "00:37:39", "text": "that means essentially no competitors in"}, {"start": "00:37:37", "end": "00:37:42", "text": "any industry ever again as they will"}, {"start": "00:37:39", "end": "00:37:44", "text": "slowly suck up money in all industries."}, {"start": "00:37:42", "end": "00:37:46", "text": "Safety concerns of AI are scary but the"}, {"start": "00:37:44", "end": "00:37:49", "text": "new feudalism of AI with rail recapture"}, {"start": "00:37:46", "end": "00:37:51", "text": "is a way more sc is way more scary for"}, {"start": "00:37:49", "end": "00:37:53", "text": "me. Yeah, basically I mean if if you"}, {"start": "00:37:51", "end": "00:37:54", "text": "think about how AI is going to grow, how"}, {"start": "00:37:53", "end": "00:37:56", "text": "it's going to automate everything, how"}, {"start": "00:37:54", "end": "00:37:58", "text": "it's going to help different industries"}, {"start": "00:37:56", "end": "00:37:59", "text": "and then you imagine that no one can do"}, {"start": "00:37:58", "end": "00:38:01", "text": "it except like two guys because they"}, {"start": "00:37:59", "end": "00:38:04", "text": "have regulatory capture. They made deals"}, {"start": "00:38:01", "end": "00:38:06", "text": "with the administration or whatever"}, {"start": "00:38:04", "end": "00:38:09", "text": "it becomes dystopian. It becomes"}, {"start": "00:38:06", "end": "00:38:12", "text": "dystopian. So this is why again Venice"}, {"start": "00:38:09", "end": "00:38:15", "text": "AI with the decentralized crypto uh"}, {"start": "00:38:12", "end": "00:38:17", "text": "crypto AI that's why it's bullish at"}, {"start": "00:38:15", "end": "00:38:19", "text": "least on a narrative level is bullish"}, {"start": "00:38:17", "end": "00:38:21", "text": "technically. I don't know how like"}, {"start": "00:38:19", "end": "00:38:22", "text": "decentraliz it doesn't seem too"}, {"start": "00:38:21", "end": "00:38:23", "text": "decentralized technically. I mean as far"}, {"start": "00:38:22", "end": "00:38:25", "text": "as I understand they're still just you"}, {"start": "00:38:23", "end": "00:38:28", "text": "know using some provider of inference"}, {"start": "00:38:25", "end": "00:38:30", "text": "and if it's banned let's say that open"}, {"start": "00:38:28", "end": "00:38:32", "text": "source is banned and you cannot use"}, {"start": "00:38:30", "end": "00:38:34", "text": "Chinese then I mean Venice can also then"}, {"start": "00:38:32", "end": "00:38:36", "text": "not use it you understand like Venice is"}, {"start": "00:38:34", "end": "00:38:38", "text": "not going to be accept because they are"}, {"start": "00:38:36", "end": "00:38:41", "text": "in the US it's literally US guy it's"}, {"start": "00:38:38", "end": "00:38:42", "text": "Eric Warheis. So it's like so that's why"}, {"start": "00:38:41", "end": "00:38:43", "text": "you know tech don't worry about"}, {"start": "00:38:42", "end": "00:38:45", "text": "technicals because some people they're"}, {"start": "00:38:43", "end": "00:38:48", "text": "like oh let me check. Don't worry about"}, {"start": "00:38:45", "end": "00:38:51", "text": "technicals, man. Technicals, technicals"}, {"start": "00:38:48", "end": "00:38:53", "text": "chart is bullish and the narrative you"}, {"start": "00:38:51", "end": "00:38:54", "text": "see people that put money in this, they"}, {"start": "00:38:53", "end": "00:38:56", "text": "don't use they don't analyze too much."}, {"start": "00:38:54", "end": "00:38:58", "text": "Like Vegas is the decentralized AI that"}, {"start": "00:38:56", "end": "00:38:59", "text": "is against big tech. That's all that's"}, {"start": "00:38:58", "end": "00:39:01", "text": "all that's that that's in their brain."}, {"start": "00:38:59", "end": "00:39:03", "text": "That's all. That's where the story ends."}, {"start": "00:39:01", "end": "00:39:04", "text": "Then how it technically works there. I"}, {"start": "00:39:03", "end": "00:39:07", "text": "mean technically they still use"}, {"start": "00:39:04", "end": "00:39:09", "text": "inference providers. They still use some"}, {"start": "00:39:07", "end": "00:39:12", "text": "company that actually runs the model. If"}, {"start": "00:39:09", "end": "00:39:14", "text": "Trump says all Chinese banned, if you"}, {"start": "00:39:12", "end": "00:39:16", "text": "give access to any Chinese company, to a"}, {"start": "00:39:14", "end": "00:39:18", "text": "US client, you go to jail, man. This,"}, {"start": "00:39:16", "end": "00:39:19", "text": "uh, Eric Waris, I don't know, he's going"}, {"start": "00:39:18", "end": "00:39:22", "text": "to be shutting this thing down quite"}, {"start": "00:39:19", "end": "00:39:25", "text": "fast for the US at least. I mean, that's"}, {"start": "00:39:22", "end": "00:39:26", "text": "it. That's it. So, uh, so that's why"}, {"start": "00:39:25", "end": "00:39:28", "text": "technically, listen, don't worry about"}, {"start": "00:39:26", "end": "00:39:32", "text": "technical. Don't worry about technical."}, {"start": "00:39:28", "end": "00:39:35", "text": "It is indeed a Venice bullp because on a"}, {"start": "00:39:32", "end": "00:39:38", "text": "narrative level, Venice is positioned as"}, {"start": "00:39:35", "end": "00:39:40", "text": "an alternative to big tech. And so yeah,"}, {"start": "00:39:38", "end": "00:39:41", "text": "that's all you have to worry about and"}, {"start": "00:39:40", "end": "00:39:44", "text": "the fact that the trend is bullish and"}, {"start": "00:39:41", "end": "00:39:47", "text": "that's it. Okay, so Meta has also"}, {"start": "00:39:44", "end": "00:39:48", "text": "another thing here why Meta as a stock"}, {"start": "00:39:47", "end": "00:39:50", "text": "if you're interested in AI could be an"}, {"start": "00:39:48", "end": "00:39:51", "text": "interesting play because Meta has a"}, {"start": "00:39:50", "end": "00:39:53", "text": "deeply profitable business and"}, {"start": "00:39:51", "end": "00:39:55", "text": "investment grade credit erasing a"}, {"start": "00:39:53", "end": "00:39:57", "text": "business that would work just fine if"}, {"start": "00:39:55", "end": "00:39:59", "text": "open source models kept gaining steam."}, {"start": "00:39:57", "end": "00:40:02", "text": "Open AAI and anthropic have none of"}, {"start": "00:39:59", "end": "00:40:05", "text": "these things. So Meta says speed up"}, {"start": "00:40:02", "end": "00:40:07", "text": "model innovation and those two say slow"}, {"start": "00:40:05", "end": "00:40:10", "text": "down is interesting thing here where"}, {"start": "00:40:07", "end": "00:40:11", "text": "these two anthropic and open AI they're"}, {"start": "00:40:10", "end": "00:40:12", "text": "nervous they're very very nervous"}, {"start": "00:40:11", "end": "00:40:15", "text": "they're nervous about their future"}, {"start": "00:40:12", "end": "00:40:18", "text": "because open source is eating them meta"}, {"start": "00:40:15", "end": "00:40:20", "text": "they just want better AI for their own"}, {"start": "00:40:18", "end": "00:40:21", "text": "ad business the better the AI the the"}, {"start": "00:40:20", "end": "00:40:24", "text": "better they can do ads the more they can"}, {"start": "00:40:21", "end": "00:40:25", "text": "match the seller to buyer uh I mean"}, {"start": "00:40:24", "end": "00:40:29", "text": "nowadays you know with meta if you use"}, {"start": "00:40:25", "end": "00:40:32", "text": "meta ads of it can do crazy things there"}, {"start": "00:40:29", "end": "00:40:34", "text": "you know Before you had to uh fine-tune"}, {"start": "00:40:32", "end": "00:40:37", "text": "your target audience, you know, do"}, {"start": "00:40:34", "end": "00:40:38", "text": "yourself. Now they have the Andromeda"}, {"start": "00:40:37", "end": "00:40:40", "text": "upgrade. Boop boop boop boop boop. It"}, {"start": "00:40:38", "end": "00:40:42", "text": "does everything. It does everything. It"}, {"start": "00:40:40", "end": "00:40:44", "text": "finds your client. It insures client"}, {"start": "00:40:42", "end": "00:40:47", "text": "signs up pays you like it's it's next"}, {"start": "00:40:44", "end": "00:40:48", "text": "level. Next level. So for meta, they"}, {"start": "00:40:47", "end": "00:40:52", "text": "actually don't have to be like, you"}, {"start": "00:40:48", "end": "00:40:53", "text": "know, the AI uh frontier lab. They just"}, {"start": "00:40:52", "end": "00:40:55", "text": "need better AI. And of course they also"}, {"start": "00:40:53", "end": "00:40:58", "text": "have a frontier lab of course but for"}, {"start": "00:40:55", "end": "00:40:59", "text": "their business whether it's Chinese or"}, {"start": "00:40:58", "end": "00:41:02", "text": "open source or not open source a bit"}, {"start": "00:40:59", "end": "00:41:03", "text": "secondary it's a bit secondary and so if"}, {"start": "00:41:02", "end": "00:41:05", "text": "we check their stock this you know this"}, {"start": "00:41:03", "end": "00:41:08", "text": "is more of a long-term kind of stuff"}, {"start": "00:41:05", "end": "00:41:10", "text": "it's uh their stock uh lately has it's"}, {"start": "00:41:08", "end": "00:41:12", "text": "just choppy man it's just cho I don't"}, {"start": "00:41:10", "end": "00:41:15", "text": "like that it's chopped so much uh oh"}, {"start": "00:41:12", "end": "00:41:17", "text": "it's very choppy guys oh very choppy you"}, {"start": "00:41:15", "end": "00:41:19", "text": "see how many fake out bear b let's see"}, {"start": "00:41:17", "end": "00:41:21", "text": "on the two hour actually I don't like"}, {"start": "00:41:19", "end": "00:41:23", "text": "this kind of chart uh on the on sorry on"}, {"start": "00:41:21", "end": "00:41:25", "text": "the two week on the two weeks It's a bit"}, {"start": "00:41:23", "end": "00:41:28", "text": "better when it breaks out on the two"}, {"start": "00:41:25", "end": "00:41:30", "text": "week here to 711"}, {"start": "00:41:28", "end": "00:41:33", "text": "LFG for now. Man, what kind of"}, {"start": "00:41:30", "end": "00:41:38", "text": "volatility is this? What is doing man?"}, {"start": "00:41:33", "end": "00:41:41", "text": "Up 30%. Okay. What is doing man? It's"}, {"start": "00:41:38", "end": "00:41:45", "text": "like a pump and dump. Down 30%. Up 30"}, {"start": "00:41:41", "end": "00:41:47", "text": "down 30. Up 30 down. Okay, listen. It's"}, {"start": "00:41:45", "end": "00:41:49", "text": "in a consolidation here with crazy"}, {"start": "00:41:47", "end": "00:41:51", "text": "volatility. Uh I I would not touch it"}, {"start": "00:41:49", "end": "00:41:53", "text": "because equally as it comes up, it can"}, {"start": "00:41:51", "end": "00:41:54", "text": "come down. Maybe it it wants to do a few"}, {"start": "00:41:53", "end": "00:41:57", "text": "more of this up and down. But should it"}, {"start": "00:41:54", "end": "00:41:58", "text": "break here uh 7-Eleven, it's just a"}, {"start": "00:41:57", "end": "00:42:01", "text": "higher chance that it wants to do"}, {"start": "00:41:58", "end": "00:42:03", "text": "another leg up uh like here. Okay?"}, {"start": "00:42:01", "end": "00:42:05", "text": "Because what we want is a leg up like"}, {"start": "00:42:03", "end": "00:42:08", "text": "this one here from 20. We want a leg up"}, {"start": "00:42:05", "end": "00:42:10", "text": "like this. We want to be part of a leg"}, {"start": "00:42:08", "end": "00:42:13", "text": "up like this. Okay? And we we want to"}, {"start": "00:42:10", "end": "00:42:16", "text": "avoid this chopping up and down. So"}, {"start": "00:42:13", "end": "00:42:19", "text": "yeah, 711 is the uh target. If they can"}, {"start": "00:42:16", "end": "00:42:21", "text": "hit it, they can close. Okay? Let's go."}, {"start": "00:42:19", "end": "00:42:24", "text": "Let's go. Let's go. Guys, listen. Let's"}, {"start": "00:42:21", "end": "00:42:25", "text": "go to Q&A questions, answers, debates."}, {"start": "00:42:24", "end": "00:42:27", "text": "Uh go to Bullion newsletter, second link"}, {"start": "00:42:25", "end": "00:42:29", "text": "in description right now. And as you"}, {"start": "00:42:27", "end": "00:42:33", "text": "know, each and every week we are giving"}, {"start": "00:42:29", "end": "00:42:35", "text": "out a free copy of Big Profits. My book"}, {"start": "00:42:33", "end": "00:42:38", "text": "where I explain to you my biggest loss,"}, {"start": "00:42:35", "end": "00:42:40", "text": "how I got wrecked in the market so hard,"}, {"start": "00:42:38", "end": "00:42:43", "text": "so hard you cannot even imagine how I"}, {"start": "00:42:40", "end": "00:42:45", "text": "ensure that it never happens again. My"}, {"start": "00:42:43", "end": "00:42:48", "text": "current trading strategies is all here."}, {"start": "00:42:45", "end": "00:42:50", "text": "It's many, you know, many big uh big"}, {"start": "00:42:48", "end": "00:42:51", "text": "text uh picture. You have big picture."}, {"start": "00:42:50", "end": "00:42:54", "text": "You're going to love it. You're going to"}, {"start": "00:42:51", "end": "00:42:56", "text": "love it. So, you sign up on Bouia"}, {"start": "00:42:54", "end": "00:42:59", "text": "newsletter. Every week we're giving out"}, {"start": "00:42:56", "end": "00:43:01", "text": "this free free book to one person who"}, {"start": "00:42:59", "end": "00:43:03", "text": "joins the newsletter. Use the link"}, {"start": "00:43:01", "end": "00:43:06", "text": "below. Free newsletter and sign up right"}, {"start": "00:43:03", "end": "00:43:08", "text": "now. Uh, and also when Boom Mania opens"}, {"start": "00:43:06", "end": "00:43:10", "text": "up so you can learn mechanical rules,"}, {"start": "00:43:08", "end": "00:43:12", "text": "you can get access to money scanner,"}, {"start": "00:43:10", "end": "00:43:14", "text": "money line, boom AI is going to be first"}, {"start": "00:43:12", "end": "00:43:16", "text": "to those on the newsletter and we just"}, {"start": "00:43:14", "end": "00:43:18", "text": "released a few, you know, a few spots"}, {"start": "00:43:16", "end": "00:43:20", "text": "here and there. So, you got to be there,"}, {"start": "00:43:18", "end": "00:43:23", "text": "guys. Let's go. Let's go. Let's go."}, {"start": "00:43:20", "end": "00:43:23", "text": "Let's go as soon as possible."}, {"start": "00:43:24", "end": "00:43:30", "text": "Anyone know AI image generated capable"}, {"start": "00:43:26", "end": "00:43:32", "text": "like charg but no restrictions? Yeah,"}, {"start": "00:43:30", "end": "00:43:35", "text": "here here you need open source one here."}, {"start": "00:43:32", "end": "00:43:37", "text": "Here here you need to try open source."}, {"start": "00:43:35", "end": "00:43:38", "text": "Why have the the same short five? It's"}, {"start": "00:43:37", "end": "00:43:41", "text": "actually different ones if you look"}, {"start": "00:43:38", "end": "00:43:43", "text": "carefully. It's different ones. But I"}, {"start": "00:43:41", "end": "00:43:44", "text": "bought three of these ones. So I because"}, {"start": "00:43:43", "end": "00:43:46", "text": "man the fabric I don't know if you can"}, {"start": "00:43:44", "end": "00:43:50", "text": "see but the fabric is so nice man. It's"}, {"start": "00:43:46", "end": "00:43:53", "text": "so nice. I I finally found this shirt"}, {"start": "00:43:50", "end": "00:43:56", "text": "that ah my the fabric it's it's like"}, {"start": "00:43:53", "end": "00:43:59", "text": "stretchy and everything. If I find find"}, {"start": "00:43:56", "end": "00:44:01", "text": "another one uh I'll get it also. I'll"}, {"start": "00:43:59", "end": "00:44:03", "text": "get it also. But uh also another thing"}, {"start": "00:44:01", "end": "00:44:05", "text": "is you know choosing choosing this"}, {"start": "00:44:03", "end": "00:44:06", "text": "choosing that once I have something I"}, {"start": "00:44:05", "end": "00:44:11", "text": "like I would rather buy like five of"}, {"start": "00:44:06", "end": "00:44:11", "text": "them and that's it. And that's it."}, {"start": "00:44:14", "end": "00:44:19", "text": "And you know guys, it's finally nice to"}, {"start": "00:44:16", "end": "00:44:22", "text": "be not fat for the shirt. I I I I love"}, {"start": "00:44:19", "end": "00:44:24", "text": "that I lost enough weight so I'm not fat"}, {"start": "00:44:22", "end": "00:44:27", "text": "for the shirt because before when I was"}, {"start": "00:44:24", "end": "00:44:28", "text": "fatter"}, {"start": "00:44:27", "end": "00:44:30", "text": "I could not have shirt because it looks"}, {"start": "00:44:28", "end": "00:44:32", "text": "ugly. You know when you're fat shirts"}, {"start": "00:44:30", "end": "00:44:35", "text": "look look ugly. They look ugly. All of"}, {"start": "00:44:32", "end": "00:44:37", "text": "them look ugly. So now we decrease the"}, {"start": "00:44:35", "end": "00:44:40", "text": "fat."}, {"start": "00:44:37", "end": "00:44:43", "text": "I found this fantastic stretch and uh"}, {"start": "00:44:40", "end": "00:44:46", "text": "yeah that's it. That's it. And you need"}, {"start": "00:44:43", "end": "00:44:47", "text": "to show a green one. And exactly. So I"}, {"start": "00:44:46", "end": "00:44:50", "text": "need to find more this, you know,"}, {"start": "00:44:47", "end": "00:44:52", "text": "stretchy stretchy."}, {"start": "00:44:50", "end": "00:44:54", "text": "Uh, and this one I think it's called"}, {"start": "00:44:52", "end": "00:44:56", "text": "like, you know, four flex. It's like a a"}, {"start": "00:44:54", "end": "00:44:59", "text": "certain type of fabric they do. It's"}, {"start": "00:44:56", "end": "00:45:00", "text": "called like four flex mega. It's the"}, {"start": "00:44:59", "end": "00:45:04", "text": "best. It's the best. It's breathable."}, {"start": "00:45:00", "end": "00:45:04", "text": "It's the best. It's the best."}, {"start": "00:45:06", "end": "00:45:12", "text": "And if you're interested at some point I"}, {"start": "00:45:08", "end": "00:45:14", "text": "may even create a small uh small course"}, {"start": "00:45:12", "end": "00:45:16", "text": "on the weight loss because"}, {"start": "00:45:14", "end": "00:45:19", "text": "most people can lose weight if you have"}, {"start": "00:45:16", "end": "00:45:20", "text": "the good strategy if you track your"}, {"start": "00:45:19", "end": "00:45:24", "text": "calories. Uh for me the biggest thing"}, {"start": "00:45:20", "end": "00:45:26", "text": "was creating a a system. It's AI based"}, {"start": "00:45:24", "end": "00:45:29", "text": "system where every day I take pictures"}, {"start": "00:45:26", "end": "00:45:31", "text": "of everything I put in my mouth. It's"}, {"start": "00:45:29", "end": "00:45:34", "text": "all there in a database organized by"}, {"start": "00:45:31", "end": "00:45:36", "text": "calories. It's super simple. And that"}, {"start": "00:45:34", "end": "00:45:38", "text": "was actually the big difference for me"}, {"start": "00:45:36", "end": "00:45:40", "text": "to just ensure that everything is"}, {"start": "00:45:38", "end": "00:45:41", "text": "counted. You set up the daily target of"}, {"start": "00:45:40", "end": "00:45:44", "text": "calorie based on your body. It's very"}, {"start": "00:45:41", "end": "00:45:45", "text": "simple to do also. Uh you go to gym so"}, {"start": "00:45:44", "end": "00:45:47", "text": "you have progressive overload all the"}, {"start": "00:45:45", "end": "00:45:49", "text": "time so you don't lose muscle is the"}, {"start": "00:45:47", "end": "00:45:51", "text": "best. Anyone can do it. I can tell you"}, {"start": "00:45:49", "end": "00:45:53", "text": "anyone can do it. It's it's very simple."}, {"start": "00:45:51", "end": "00:45:56", "text": "It's very simple"}, {"start": "00:45:53", "end": "00:45:57", "text": "and you don't need any kind of uh"}, {"start": "00:45:56", "end": "00:46:01", "text": "chemical. You know people people they"}, {"start": "00:45:57", "end": "00:46:01", "text": "love chemical nowaday"}, {"start": "00:46:01", "end": "00:46:05", "text": "you know likeic and everything it can"}, {"start": "00:46:03", "end": "00:46:07", "text": "help you. The thing is you don't fix the"}, {"start": "00:46:05", "end": "00:46:09", "text": "fat assas in your brain. So as soon as"}, {"start": "00:46:07", "end": "00:46:11", "text": "you stop taking them, you're going to"}, {"start": "00:46:09", "end": "00:46:13", "text": "get fat again because the fat assas is"}, {"start": "00:46:11", "end": "00:46:15", "text": "still in your brain. You're still a fat"}, {"start": "00:46:13", "end": "00:46:17", "text": "assass. That's the problem. You see to"}, {"start": "00:46:15", "end": "00:46:19", "text": "lose weight is not like technically it's"}, {"start": "00:46:17", "end": "00:46:22", "text": "easy because it's just you know math"}, {"start": "00:46:19", "end": "00:46:24", "text": "calories in calories out. But in your"}, {"start": "00:46:22", "end": "00:46:28", "text": "brain there is there is a there lives a"}, {"start": "00:46:24", "end": "00:46:30", "text": "fatas okay and I had to remove him from"}, {"start": "00:46:28", "end": "00:46:33", "text": "the I have to evict him from the brain."}, {"start": "00:46:30", "end": "00:46:35", "text": "You have certain uh habits where you"}, {"start": "00:46:33", "end": "00:46:38", "text": "just put stuff in your mouth. I also had"}, {"start": "00:46:35", "end": "00:46:40", "text": "them. I was fat, you know, like"}, {"start": "00:46:38", "end": "00:46:43", "text": "if I publish it, I will show you before"}, {"start": "00:46:40", "end": "00:46:45", "text": "and after like I was I was too fat. Too"}, {"start": "00:46:43", "end": "00:46:48", "text": "f you guys remember 2022 like I barely"}, {"start": "00:46:45", "end": "00:46:50", "text": "fit in the frame. So you have to evict"}, {"start": "00:46:48", "end": "00:46:52", "text": "the fatus from your brain first. That's"}, {"start": "00:46:50", "end": "00:46:55", "text": "the first thing. That's the first thing."}, {"start": "00:46:52", "end": "00:46:57", "text": "Uh I don't see if you really have a"}, {"start": "00:46:55", "end": "00:46:58", "text": "health issue where you're literally like"}, {"start": "00:46:57", "end": "00:47:00", "text": "you're going to have a heart attack."}, {"start": "00:46:58", "end": "00:47:04", "text": "Okay. Then maybe some chemical makes"}, {"start": "00:47:00", "end": "00:47:07", "text": "sense. But if you are not in a critical"}, {"start": "00:47:04", "end": "00:47:10", "text": "condition, don't take chemical. Fix your"}, {"start": "00:47:07", "end": "00:47:13", "text": "brain. Fix your habit. It's not hard."}, {"start": "00:47:10", "end": "00:47:15", "text": "And the thing is it's amazing how you"}, {"start": "00:47:13", "end": "00:47:18", "text": "know the humanity we have degraded so"}, {"start": "00:47:15", "end": "00:47:20", "text": "much that for most people it's like"}, {"start": "00:47:18", "end": "00:47:22", "text": "unbelievable that you can lose weight"}, {"start": "00:47:20", "end": "00:47:24", "text": "because when I say I lost weight like"}, {"start": "00:47:22", "end": "00:47:25", "text": "one of the first questions ah did you"}, {"start": "00:47:24", "end": "00:47:28", "text": "use something? Did you use something?"}, {"start": "00:47:25", "end": "00:47:30", "text": "Like man, it's unbelievable how little"}, {"start": "00:47:28", "end": "00:47:34", "text": "faith people have in themselves. Like"}, {"start": "00:47:30", "end": "00:47:36", "text": "how, you know, low trust, low uh low"}, {"start": "00:47:34", "end": "00:47:39", "text": "faith that you can actually not put"}, {"start": "00:47:36", "end": "00:47:41", "text": "cookies in your mouth"}, {"start": "00:47:39", "end": "00:47:44", "text": "so that you have less calories than you"}, {"start": "00:47:41", "end": "00:47:46", "text": "burn. Like it's amazing. So guys,"}, {"start": "00:47:44", "end": "00:47:46", "text": "anyway, it's it's very important, very"}, {"start": "00:47:46", "end": "00:47:48", "text": "important. Let me know if you're"}, {"start": "00:47:46", "end": "00:47:49", "text": "interested in this kind of topic. I"}, {"start": "00:47:48", "end": "00:47:51", "text": "mean, we're a crypto channel. We're not"}, {"start": "00:47:49", "end": "00:47:53", "text": "a fat loss channel, but you know, at the"}, {"start": "00:47:51", "end": "00:47:54", "text": "end of the day, you make money. What you"}, {"start": "00:47:53", "end": "00:47:56", "text": "going to do with the money? If you're if"}, {"start": "00:47:54", "end": "00:47:59", "text": "you are overweight, you can barely enjoy"}, {"start": "00:47:56", "end": "00:48:00", "text": "it. Okay. So, let know if this kind of"}, {"start": "00:47:59", "end": "00:48:03", "text": "stuff is interesting to you or not, but"}, {"start": "00:48:00", "end": "00:48:03", "text": "yeah, that's that."}, {"start": "00:48:06", "end": "00:48:10", "text": "And I see already people uh writing some"}, {"start": "00:48:09", "end": "00:48:12", "text": "advice. Don't do this, don't do that."}, {"start": "00:48:10", "end": "00:48:13", "text": "That's another thing. You have to you"}, {"start": "00:48:12", "end": "00:48:16", "text": "have to remove all opinions. You have to"}, {"start": "00:48:13", "end": "00:48:18", "text": "remove all opinions. Also, don't tell"}, {"start": "00:48:16", "end": "00:48:19", "text": "your family that you are losing weight"}, {"start": "00:48:18", "end": "00:48:22", "text": "because for some weird reason they're"}, {"start": "00:48:19", "end": "00:48:26", "text": "going to tell you that um oh, you're"}, {"start": "00:48:22", "end": "00:48:27", "text": "anorexic or something."}, {"start": "00:48:26", "end": "00:48:30", "text": "It's better, you know, to be quiet, just"}, {"start": "00:48:27", "end": "00:48:31", "text": "do it yourself. You start very I mean,"}, {"start": "00:48:30", "end": "00:48:33", "text": "for me at least, I'm telling you, for"}, {"start": "00:48:31", "end": "00:48:35", "text": "me, for me, I mean, if you are a health"}, {"start": "00:48:33", "end": "00:48:36", "text": "guru, you look, you have a six-pack,"}, {"start": "00:48:35", "end": "00:48:38", "text": "okay, you do you. But if you don't have"}, {"start": "00:48:36", "end": "00:48:41", "text": "a six-pack, then maybe you should be"}, {"start": "00:48:38", "end": "00:48:44", "text": "quiet. But anyway, you see, uh for me,"}, {"start": "00:48:41", "end": "00:48:45", "text": "measuring calories was very important."}, {"start": "00:48:44", "end": "00:48:48", "text": "It's it's super important. Before I"}, {"start": "00:48:45", "end": "00:48:51", "text": "thought, oh, it's not. It's important."}, {"start": "00:48:48", "end": "00:48:54", "text": "But when a certain family member sees"}, {"start": "00:48:51", "end": "00:48:55", "text": "you measuring calorie, he's going to"}, {"start": "00:48:54", "end": "00:48:56", "text": "tell you, \"Oh, you're going to be un"}, {"start": "00:48:55", "end": "00:48:58", "text": "it's not healthy. It's not healthy.\""}, {"start": "00:48:56", "end": "00:49:00", "text": "Now, he's healthy because he's"}, {"start": "00:48:58", "end": "00:49:02", "text": "overweight because he does not measure"}, {"start": "00:49:00", "end": "00:49:03", "text": "calories, but you're unhealthy because"}, {"start": "00:49:02", "end": "00:49:04", "text": "you're trying to get in shape and you"}, {"start": "00:49:03", "end": "00:49:06", "text": "measure calories. I mean, that's the"}, {"start": "00:49:04", "end": "00:49:08", "text": "kind of logic they have in their brain."}, {"start": "00:49:06", "end": "00:49:09", "text": "That's also why plebbe I mean, they're"}, {"start": "00:49:08", "end": "00:49:11", "text": "they're not in shape because this is the"}, {"start": "00:49:09", "end": "00:49:12", "text": "kind of logic they have. The same logic"}, {"start": "00:49:11", "end": "00:49:14", "text": "they have with the market. I mean I'm"}, {"start": "00:49:12", "end": "00:49:15", "text": "telling I'm telling them how market work"}, {"start": "00:49:14", "end": "00:49:17", "text": "but no Ivan you're wrong you're wrong in"}, {"start": "00:49:15", "end": "00:49:19", "text": "October in October I said time to say oh"}, {"start": "00:49:17", "end": "00:49:21", "text": "no you're wrong you're so wrong I tell"}, {"start": "00:49:19", "end": "00:49:24", "text": "you how to do wait oh no no no okay you"}, {"start": "00:49:21", "end": "00:49:26", "text": "know best okay good good do go go go"}, {"start": "00:49:24", "end": "00:49:28", "text": "trade how you want go go go go go go go"}, {"start": "00:49:26", "end": "00:49:30", "text": "go you see"}, {"start": "00:49:28", "end": "00:49:32", "text": "I'm not I'm not arguing I'm also not"}, {"start": "00:49:30", "end": "00:49:36", "text": "taking any advice because the only thing"}, {"start": "00:49:32", "end": "00:49:39", "text": "you you you need to ensure that you only"}, {"start": "00:49:36", "end": "00:49:41", "text": "listen to people who have six-pack don't"}, {"start": "00:49:39", "end": "00:49:43", "text": "listen to anyone else that just like"}, {"start": "00:49:41", "end": "00:49:45", "text": "with You cannot listen to your family"}, {"start": "00:49:43", "end": "00:49:47", "text": "about money. They don't know anything."}, {"start": "00:49:45", "end": "00:49:49", "text": "They don't know anything. I mean with"}, {"start": "00:49:47", "end": "00:49:51", "text": "all the love, with all if I listen to my"}, {"start": "00:49:49", "end": "00:49:53", "text": "family for money, I would I would have"}, {"start": "00:49:51", "end": "00:49:55", "text": "zero. Okay, there are some stuff. Okay,"}, {"start": "00:49:53", "end": "00:49:58", "text": "that that's that's good. You can listen."}, {"start": "00:49:55", "end": "00:49:59", "text": "But money and uh this kind of stuff you"}, {"start": "00:49:58", "end": "00:50:01", "text": "need to listen to people who know it"}, {"start": "00:49:59", "end": "00:50:03", "text": "because most people don't know. They"}, {"start": "00:50:01", "end": "00:50:04", "text": "don't even if they love you, they don't"}, {"start": "00:50:03", "end": "00:50:06", "text": "have experience with money. They don't"}, {"start": "00:50:04", "end": "00:50:07", "text": "know. And the same with weight loss."}, {"start": "00:50:06", "end": "00:50:09", "text": "Most people in your they don't know."}, {"start": "00:50:07", "end": "00:50:11", "text": "They don't know. That's it. You can"}, {"start": "00:50:09", "end": "00:50:12", "text": "still love them. You can still love"}, {"start": "00:50:11", "end": "00:50:14", "text": "them. You can tell that I love you."}, {"start": "00:50:12", "end": "00:50:16", "text": "Thank you very much for calling me"}, {"start": "00:50:14", "end": "00:50:19", "text": "anorexic. But but we're on a mission"}, {"start": "00:50:16", "end": "00:50:21", "text": "here to lose fat and you're fat and"}, {"start": "00:50:19", "end": "00:50:23", "text": "you're very fat. So don't tell me"}, {"start": "00:50:21", "end": "00:50:25", "text": "anything about maybe you should be a bit"}, {"start": "00:50:23", "end": "00:50:27", "text": "more anorexic. You know, maybe you"}, {"start": "00:50:25", "end": "00:50:30", "text": "should not put the cookie. Remove the"}, {"start": "00:50:27", "end": "00:50:35", "text": "cookie. Let's measure the calories."}, {"start": "00:50:30", "end": "00:50:35", "text": "This cookie is 500 calorie."}, {"start": "00:50:39", "end": "00:50:44", "text": "Hey yeah. Guys, let's go to let's go to"}, {"start": "00:50:41", "end": "00:50:44", "text": "crypto. Let's go to crypto."}, {"start": "00:50:46", "end": "00:50:51", "text": "Let's go. Let's go. Let's go. Let's go."}, {"start": "00:50:47", "end": "00:50:54", "text": "Let's go. Let's go. Let's go to crypto."}, {"start": "00:50:51", "end": "00:50:56", "text": "Oh yeah. Clarity act will pass now."}, {"start": "00:50:54", "end": "00:50:58", "text": "Trump has agreed all. Let's go. Let's"}, {"start": "00:50:56", "end": "00:51:00", "text": "go. Let's pass it. Let's pass it. I"}, {"start": "00:50:58", "end": "00:51:01", "text": "don't know what the the you know the"}, {"start": "00:51:00", "end": "00:51:04", "text": "Democrats what they going to do. Let's"}, {"start": "00:51:01", "end": "00:51:07", "text": "pass it. Let's pass it. But as soon as"}, {"start": "00:51:04", "end": "00:51:09", "text": "you pass it, Valhalla, Valhalla, you go"}, {"start": "00:51:07", "end": "00:51:11", "text": "to June, you make pump,"}, {"start": "00:51:09", "end": "00:51:12", "text": "you go to crypto, you get pump. Yeah,"}, {"start": "00:51:11", "end": "00:51:15", "text": "life is good. That's true. That's true."}, {"start": "00:51:12", "end": "00:51:19", "text": "That's true."}, {"start": "00:51:15", "end": "00:51:19", "text": "That's true."}, {"start": "00:51:19", "end": "00:51:23", "text": "Plan if we get rate hike, man. I did you"}, {"start": "00:51:21", "end": "00:51:27", "text": "watch the stream or not? Because Zach,"}, {"start": "00:51:23", "end": "00:51:30", "text": "who is it? Zack Zack"}, {"start": "00:51:27", "end": "00:51:32", "text": "Al 9373."}, {"start": "00:51:30", "end": "00:51:34", "text": "If you're worried about rate hike,"}, {"start": "00:51:32", "end": "00:51:36", "text": "re-watch the stream from the beginning."}, {"start": "00:51:34", "end": "00:51:38", "text": "You have a homework to do. Re-watch the"}, {"start": "00:51:36", "end": "00:51:42", "text": "stream from the beginning. Re-watch the"}, {"start": "00:51:38", "end": "00:51:45", "text": "stream from the beginning right now"}, {"start": "00:51:42", "end": "00:51:48", "text": "because we already discussed right at"}, {"start": "00:51:45", "end": "00:51:50", "text": "length. At length at length."}, {"start": "00:51:48", "end": "00:51:52", "text": "Oh, by the way, I like uh Ultra Crusher."}, {"start": "00:51:50", "end": "00:51:54", "text": "What what I saw before also he was"}, {"start": "00:51:52", "end": "00:51:55", "text": "discussing that actually what would be"}, {"start": "00:51:54", "end": "00:51:58", "text": "bullish. Here's the bullish scenario,"}, {"start": "00:51:55", "end": "00:52:00", "text": "guys. They they increase the the rate."}, {"start": "00:51:58", "end": "00:52:03", "text": "They increase the rate"}, {"start": "00:52:00", "end": "00:52:05", "text": "and we don't dump and we pump. That's"}, {"start": "00:52:03", "end": "00:52:07", "text": "that that's very bullish. That's very"}, {"start": "00:52:05", "end": "00:52:09", "text": "bullish. If they increase the rate and"}, {"start": "00:52:07", "end": "00:52:10", "text": "Bitcoin goes up a bit, o it's such a"}, {"start": "00:52:09", "end": "00:52:12", "text": "crazy bullish signal because then"}, {"start": "00:52:10", "end": "00:52:14", "text": "everyone in the world who has a few"}, {"start": "00:52:12", "end": "00:52:16", "text": "brain cell and knows a bit about the"}, {"start": "00:52:14", "end": "00:52:18", "text": "market, they understand, okay, Bitcoin"}, {"start": "00:52:16", "end": "00:52:19", "text": "is now immune to bad news, which means"}, {"start": "00:52:18", "end": "00:52:21", "text": "no more seller, which means good"}, {"start": "00:52:19", "end": "00:52:24", "text": "riskreward, which means is good to buy"}, {"start": "00:52:21", "end": "00:52:27", "text": "and then Valhalla. Okay, that that would"}, {"start": "00:52:24", "end": "00:52:31", "text": "be an important signal. the rate hike"}, {"start": "00:52:27", "end": "00:52:33", "text": "fade by the market by the crypto market."}, {"start": "00:52:31", "end": "00:52:34", "text": "Oh, fantastic. So, actually, I would"}, {"start": "00:52:33", "end": "00:52:36", "text": "like them to increase the rate and we"}, {"start": "00:52:34", "end": "00:52:39", "text": "pump anyway. And oh, yeah. So, that's"}, {"start": "00:52:36", "end": "00:52:39", "text": "going to be a crazy signal"}, {"start": "00:52:39", "end": "00:52:43", "text": "because again, that's exactly what"}, {"start": "00:52:41", "end": "00:52:45", "text": "happened in the last bull. At the"}, {"start": "00:52:43", "end": "00:52:48", "text": "beginning of the last bull, we did see a"}, {"start": "00:52:45", "end": "00:52:49", "text": "rate hike and we pump anyway and we pump"}, {"start": "00:52:48", "end": "00:52:51", "text": "higher and we pump even higher and we"}, {"start": "00:52:49", "end": "00:52:53", "text": "pump even higher. If you look on the"}, {"start": "00:52:51", "end": "00:52:55", "text": "chart here, that's why money line is so"}, {"start": "00:52:53", "end": "00:52:57", "text": "amazing because we integrate the rate uh"}, {"start": "00:52:55", "end": "00:52:58", "text": "the rate changes here in the money line."}, {"start": "00:52:57", "end": "00:53:00", "text": "All of you who are in bulmania, you have"}, {"start": "00:52:58", "end": "00:53:02", "text": "the money line, you have the rate hike,"}, {"start": "00:53:00", "end": "00:53:04", "text": "rate decrease here on the chart in front"}, {"start": "00:53:02", "end": "00:53:06", "text": "of you. And yeah, you see when bull"}, {"start": "00:53:04", "end": "00:53:07", "text": "trend then hike, they hike the rate, we"}, {"start": "00:53:06", "end": "00:53:09", "text": "pump anyway. They hike the rate, we pump"}, {"start": "00:53:07", "end": "00:53:11", "text": "anyway. We they hike the rate, we pump"}, {"start": "00:53:09", "end": "00:53:13", "text": "anyway. They hike, we pump anyway. We"}, {"start": "00:53:11", "end": "00:53:15", "text": "pump and then we pump and pump and pump"}, {"start": "00:53:13", "end": "00:53:18", "text": "and pump. You understand? Fantastic."}, {"start": "00:53:15", "end": "00:53:18", "text": "Fantastic."}, {"start": "00:53:20", "end": "00:53:27", "text": "Ian, what happens to ETH when it breaks"}, {"start": "00:53:23", "end": "00:53:29", "text": "and closes above 5K? Uh yeah, that's"}, {"start": "00:53:27", "end": "00:53:32", "text": "actually one of the uh biggest uh"}, {"start": "00:53:29", "end": "00:53:35", "text": "catalysts for ETH. Uh if it goes above"}, {"start": "00:53:32", "end": "00:53:37", "text": "5K, it would be crazy because"}, {"start": "00:53:35", "end": "00:53:38", "text": "actually in one way you can say you can"}, {"start": "00:53:37", "end": "00:53:41", "text": "even say that it will be the beginning"}, {"start": "00:53:38", "end": "00:53:42", "text": "of a journey. Uh for us, the beginning"}, {"start": "00:53:41", "end": "00:53:44", "text": "of the journey is bull flip and bull"}, {"start": "00:53:42", "end": "00:53:46", "text": "flip we're we're here. We're we actually"}, {"start": "00:53:44", "end": "00:53:47", "text": "haven't pumped too much since the bull"}, {"start": "00:53:46", "end": "00:53:49", "text": "flip. So, but now it's bullish, guys."}, {"start": "00:53:47", "end": "00:53:51", "text": "So, e on ETH, we're bullish. On ETH,"}, {"start": "00:53:49", "end": "00:53:52", "text": "we're bullish. We're bullish ETH, just"}, {"start": "00:53:51", "end": "00:53:54", "text": "so you know. That's number one. Number"}, {"start": "00:53:52", "end": "00:53:57", "text": "two,"}, {"start": "00:53:54", "end": "00:54:00", "text": "uh this bull trend, uh as you can see,"}, {"start": "00:53:57", "end": "00:54:03", "text": "the target for it currently is the uh is"}, {"start": "00:54:00", "end": "00:54:05", "text": "this range uh range top because ETH has"}, {"start": "00:54:03", "end": "00:54:09", "text": "just been going in this range for like"}, {"start": "00:54:05", "end": "00:54:11", "text": "six years. Quite crazy range. So, I"}, {"start": "00:54:09", "end": "00:54:13", "text": "think it's very very likely that we at"}, {"start": "00:54:11", "end": "00:54:15", "text": "least go to here to to top of the range"}, {"start": "00:54:13", "end": "00:54:17", "text": "like 5K, 4.9 or something like that. And"}, {"start": "00:54:15", "end": "00:54:21", "text": "then it's going to be an insane"}, {"start": "00:54:17", "end": "00:54:25", "text": "resistance because literally since 2021"}, {"start": "00:54:21", "end": "00:54:27", "text": "it is resistance. So should we break it?"}, {"start": "00:54:25", "end": "00:54:29", "text": "Oh"}, {"start": "00:54:27", "end": "00:54:31", "text": "yeah. I mean when you break a massive"}, {"start": "00:54:29", "end": "00:54:33", "text": "resistance a massive multi-year almost"}, {"start": "00:54:31", "end": "00:54:35", "text": "like a decade range. Okay not a decade"}, {"start": "00:54:33", "end": "00:54:38", "text": "but half a decade range. Uh it's going"}, {"start": "00:54:35", "end": "00:54:40", "text": "to explode to 10k 15k quite fast. I know"}, {"start": "00:54:38", "end": "00:54:42", "text": "it sounds crazy but it I mean it is how"}, {"start": "00:54:40", "end": "00:54:44", "text": "it is. You just look at the simple"}, {"start": "00:54:42", "end": "00:54:46", "text": "humble Fibonacci. If we look at a simple"}, {"start": "00:54:44", "end": "00:54:48", "text": "humble Fibonacci, you will notice"}, {"start": "00:54:46", "end": "00:54:50", "text": "something that uh if you measure from"}, {"start": "00:54:48", "end": "00:54:52", "text": "the top to the low, you see all this"}, {"start": "00:54:50", "end": "00:54:54", "text": "like resistance levels. But once you go"}, {"start": "00:54:52", "end": "00:54:56", "text": "above the top, you see how resistance"}, {"start": "00:54:54", "end": "00:54:59", "text": "levels become very sparse. So here let's"}, {"start": "00:54:56", "end": "00:55:01", "text": "say we go to alltime high. Uh we go to"}, {"start": "00:54:59", "end": "00:55:04", "text": "above 5K, then boop, the next resistance"}, {"start": "00:55:01", "end": "00:55:06", "text": "is at 7K, 6.8, then boop 10K, then boop"}, {"start": "00:55:04", "end": "00:55:09", "text": "13K. You understand? So just by looking"}, {"start": "00:55:06", "end": "00:55:11", "text": "at simple Fibonacci simple Fibonacci you"}, {"start": "00:55:09", "end": "00:55:14", "text": "understand that once you go above"}, {"start": "00:55:11", "end": "00:55:16", "text": "alltime high Valhalla and and this is"}, {"start": "00:55:14", "end": "00:55:18", "text": "going to be uh amplified by the fact"}, {"start": "00:55:16", "end": "00:55:21", "text": "that it's like a five plus year range"}, {"start": "00:55:18", "end": "00:55:23", "text": "okay this the simple Fibonacci uh that"}, {"start": "00:55:21", "end": "00:55:27", "text": "that shows you that once you go above"}, {"start": "00:55:23", "end": "00:55:31", "text": "the high it's you know it becomes vala"}, {"start": "00:55:27", "end": "00:55:31", "text": "moon you understand you %"}, {"start": "00:55:36", "end": "00:55:41", "text": "what's your new old short list to keep"}, {"start": "00:55:39", "end": "00:55:42", "text": "an eye on the Yeah. So if you are in"}, {"start": "00:55:41", "end": "00:55:44", "text": "Bulmania we're going to be publishing"}, {"start": "00:55:42", "end": "00:55:45", "text": "the model portfolios what we're speaking"}, {"start": "00:55:44", "end": "00:55:47", "text": "here about model portfolios and then"}, {"start": "00:55:45", "end": "00:55:49", "text": "later on we're also going to be covering"}, {"start": "00:55:47", "end": "00:55:51", "text": "them on the on the stream. Uh but"}, {"start": "00:55:49", "end": "00:55:54", "text": "basically what you need to look at is"}, {"start": "00:55:51", "end": "00:55:57", "text": "strength. Strength big strength uh"}, {"start": "00:55:54", "end": "00:55:59", "text": "especially strength in the in in the in"}, {"start": "00:55:57", "end": "00:56:01", "text": "the bear and uh yeah so if you are in"}, {"start": "00:55:59", "end": "00:56:02", "text": "Bulmania watch out for that this week"}, {"start": "00:56:01", "end": "00:56:05", "text": "they should be live. If you're not in"}, {"start": "00:56:02", "end": "00:56:08", "text": "Bulmania go to uh the so newsletter"}, {"start": "00:56:05", "end": "00:56:09", "text": "Bulmania newsletter right here and uh"}, {"start": "00:56:08", "end": "00:56:11", "text": "join there. It's it's very very"}, {"start": "00:56:09", "end": "00:56:12", "text": "important. And so in Bulmania we're"}, {"start": "00:56:11", "end": "00:56:14", "text": "going to be creating the model"}, {"start": "00:56:12", "end": "00:56:15", "text": "portfolios. I think I I mean we we'll"}, {"start": "00:56:14", "end": "00:56:16", "text": "share some of it like a small part of it"}, {"start": "00:56:15", "end": "00:56:18", "text": "we're going to share also and then we're"}, {"start": "00:56:16", "end": "00:56:19", "text": "going to be following all along"}, {"start": "00:56:18", "end": "00:56:20", "text": "throughout the throughout the bull is"}, {"start": "00:56:19", "end": "00:56:23", "text": "going to be insane. It's going to be"}, {"start": "00:56:20", "end": "00:56:26", "text": "fantastic. It's going to be fantastic."}, {"start": "00:56:23", "end": "00:56:28", "text": "Um but yeah you for full like full"}, {"start": "00:56:26", "end": "00:56:30", "text": "experience you need to be in Bulmania"}, {"start": "00:56:28", "end": "00:56:32", "text": "here on I mean whatever I do here every"}, {"start": "00:56:30", "end": "00:56:35", "text": "day guys it's it's like a smaller part"}, {"start": "00:56:32", "end": "00:56:37", "text": "smaller part. Uh"}, {"start": "00:56:35", "end": "00:56:40", "text": "caught up homework complete. Yeah good"}, {"start": "00:56:37", "end": "00:56:42", "text": "good. What's your thoughts about this"}, {"start": "00:56:40", "end": "00:56:45", "text": "deck that decks that decks? Uh, no"}, {"start": "00:56:42", "end": "00:56:47", "text": "thoughts. Let me ask Bulman AI about."}, {"start": "00:56:45", "end": "00:56:50", "text": "No thoughts. I mean, the only thoughts"}, {"start": "00:56:47", "end": "00:56:53", "text": "really is what what's going to pump"}, {"start": "00:56:50", "end": "00:56:54", "text": "more? Where are tokens flying more?"}, {"start": "00:56:53", "end": "00:56:56", "text": "That's the only thing I really care"}, {"start": "00:56:54", "end": "00:56:59", "text": "about. But let's check Booman AI what it"}, {"start": "00:56:56", "end": "00:57:04", "text": "says here. Let me just ask also here."}, {"start": "00:56:59", "end": "00:57:07", "text": "Uh, what's good for what and where do"}, {"start": "00:57:04", "end": "00:57:09", "text": "tokens pump more?"}, {"start": "00:57:07", "end": "00:57:11", "text": "For example, there is a there is an"}, {"start": "00:57:09", "end": "00:57:14", "text": "argument to be made that unis swap v2 is"}, {"start": "00:57:11", "end": "00:57:16", "text": "the best for pump because uh it's uh is"}, {"start": "00:57:14", "end": "00:57:19", "text": "the most volatile version. V3 they have"}, {"start": "00:57:16", "end": "00:57:21", "text": "constraint liquidity. It's uh not as"}, {"start": "00:57:19", "end": "00:57:23", "text": "good for pump in in some ways. Uh yeah,"}, {"start": "00:57:21", "end": "00:57:26", "text": "let me check. Let's check with booming"}, {"start": "00:57:23", "end": "00:57:29", "text": "which is the perfect use case in this"}, {"start": "00:57:26", "end": "00:57:29", "text": "kind of questions."}, {"start": "00:57:30", "end": "00:57:35", "text": "Ivan, do you still den trade? Depends"}, {"start": "00:57:32", "end": "00:57:37", "text": "how you defi define it, man. Is buying"}, {"start": "00:57:35", "end": "00:57:40", "text": "pawns digen? is uh buying the CME thing"}, {"start": "00:57:37", "end": "00:57:44", "text": "that launched last week Dian then yes if"}, {"start": "00:57:40", "end": "00:57:45", "text": "you speak about the different memes I'm"}, {"start": "00:57:44", "end": "00:57:47", "text": "not having that I mean sometimes I throw"}, {"start": "00:57:45", "end": "00:57:49", "text": "in just to just to test but riskreward"}, {"start": "00:57:47", "end": "00:57:51", "text": "now is bad there will be good riskreward"}, {"start": "00:57:49", "end": "00:57:54", "text": "once we have the crazy crazy old season"}, {"start": "00:57:51", "end": "00:57:58", "text": "then you can even be in this you know"}, {"start": "00:57:54", "end": "00:58:00", "text": "meme raps and so on but now the the risk"}, {"start": "00:57:58", "end": "00:58:02", "text": "reward is not good the risk reward now"}, {"start": "00:58:00", "end": "00:58:05", "text": "is good for Bitcoin for all coins and"}, {"start": "00:58:02", "end": "00:58:08", "text": "for the actual casinos meaning pan pawn"}, {"start": "00:58:05", "end": "00:58:11", "text": "ons uh if the CME thing becomes buy the"}, {"start": "00:58:08", "end": "00:58:14", "text": "casino token don't participate in casino"}, {"start": "00:58:11", "end": "00:58:17", "text": "uh at least that's my strategy because"}, {"start": "00:58:14", "end": "00:58:19", "text": "again to be in the casino it's like"}, {"start": "00:58:17", "end": "00:58:21", "text": "another level of attention and for you"}, {"start": "00:58:19", "end": "00:58:22", "text": "to you know if you're not terminally"}, {"start": "00:58:21", "end": "00:58:25", "text": "online for you you're not going to make"}, {"start": "00:58:22", "end": "00:58:27", "text": "it you're not going to make it okay so"}, {"start": "00:58:25", "end": "00:58:29", "text": "let let's see here what booming AI says"}, {"start": "00:58:27", "end": "00:58:34", "text": "about your question here"}, {"start": "00:58:29", "end": "00:58:35", "text": "uh clo versus AMM etc etc so these three"}, {"start": "00:58:34", "end": "00:58:38", "text": "models solve different problems one is"}, {"start": "00:58:35", "end": "00:58:40", "text": "not better overall each owns lane so AMM"}, {"start": "00:58:38", "end": "00:58:43", "text": "is automated market maker this is what"}, {"start": "00:58:40", "end": "00:58:46", "text": "we know uh currently with"}, {"start": "00:58:43", "end": "00:58:48", "text": "unis swap etc etc then you have the"}, {"start": "00:58:46", "end": "00:58:51", "text": "order book this is like hyperlquid and"}, {"start": "00:58:48", "end": "00:58:54", "text": "then this one let's see this one request"}, {"start": "00:58:51", "end": "00:58:56", "text": "for you ask for firm markers compete I"}, {"start": "00:58:54", "end": "00:58:58", "text": "guess isn't it is this what like one in"}, {"start": "00:58:56", "end": "00:59:02", "text": "did with their like"}, {"start": "00:58:58", "end": "00:59:07", "text": "quote mechanism uh"}, {"start": "00:59:02", "end": "00:59:08", "text": "or is it or is this like cow swap works"}, {"start": "00:59:07", "end": "00:59:10", "text": "but anyway it's more like technical"}, {"start": "00:59:08", "end": "00:59:12", "text": "stuff because sometimes you use I don't"}, {"start": "00:59:10", "end": "00:59:13", "text": "know if you use cow swaps but cow swap"}, {"start": "00:59:12", "end": "00:59:15", "text": "they show you okay now people are"}, {"start": "00:59:13", "end": "00:59:19", "text": "competing for your for your order"}, {"start": "00:59:15", "end": "00:59:22", "text": "probably this is RFQ"}, {"start": "00:59:19", "end": "00:59:24", "text": "uh and one in before it was I haven't"}, {"start": "00:59:22", "end": "00:59:25", "text": "used it in a while but one in had"}, {"start": "00:59:24", "end": "00:59:27", "text": "something similar before as well that"}, {"start": "00:59:25", "end": "00:59:29", "text": "you do a trade and then you see oh now"}, {"start": "00:59:27", "end": "00:59:30", "text": "like 500 the market makers are competing"}, {"start": "00:59:29", "end": "00:59:33", "text": "they're competing they're all competing"}, {"start": "00:59:30", "end": "00:59:35", "text": "now they're waiting for quote"}, {"start": "00:59:33", "end": "00:59:39", "text": "so AMM is like your normal"}, {"start": "00:59:35", "end": "00:59:43", "text": "liquidity pool. This one is uh uh for"}, {"start": "00:59:39", "end": "00:59:45", "text": "pers. Popular for per. And this one is"}, {"start": "00:59:43", "end": "00:59:47", "text": "also popular for like the same use case"}, {"start": "00:59:45", "end": "00:59:51", "text": "as uh amm I guess. I'm just looking back"}, {"start": "00:59:47", "end": "00:59:52", "text": "at uh uh you and you should by the way"}, {"start": "00:59:51", "end": "00:59:54", "text": "if you can you should use cow swap"}, {"start": "00:59:52", "end": "00:59:56", "text": "because then cow swap you're going to"}, {"start": "00:59:54", "end": "00:59:59", "text": "get a guaranteed quote. It's not just"}, {"start": "00:59:56", "end": "01:00:01", "text": "AMM you know liquidity where you know"}, {"start": "00:59:59", "end": "01:00:04", "text": "who knows you're going to get the the"}, {"start": "01:00:01", "end": "01:00:06", "text": "exact price in the UI or not because I"}, {"start": "01:00:04", "end": "01:00:09", "text": "mean it's liquidity pool it can shift"}, {"start": "01:00:06", "end": "01:00:11", "text": "this and that but with RFQ you have"}, {"start": "01:00:09", "end": "01:00:14", "text": "market maker giving you the best"}, {"start": "01:00:11", "end": "01:00:15", "text": "possible price and he is competing with"}, {"start": "01:00:14", "end": "01:00:18", "text": "other market makers who also want to"}, {"start": "01:00:15", "end": "01:00:22", "text": "give you the best possible price and"}, {"start": "01:00:18", "end": "01:00:23", "text": "it's a bit more sophisticated see AMM"}, {"start": "01:00:22", "end": "01:00:25", "text": "it's set up like the pool is set up and"}, {"start": "01:00:23", "end": "01:00:28", "text": "it's set up and that's it and that's"}, {"start": "01:00:25", "end": "01:00:31", "text": "Uh yes some market m they can add the"}, {"start": "01:00:28", "end": "01:00:32", "text": "liquidity but that is another transa"}, {"start": "01:00:31", "end": "01:00:34", "text": "they have to put the transaction in for"}, {"start": "01:00:32", "end": "01:00:37", "text": "liquidity to to add your liquidity."}, {"start": "01:00:34", "end": "01:00:41", "text": "Basically when you trade on mark on AMM"}, {"start": "01:00:37", "end": "01:00:42", "text": "the market maker does not see your order"}, {"start": "01:00:41", "end": "01:00:45", "text": "before they provide liquidity. You"}, {"start": "01:00:42", "end": "01:00:46", "text": "understand? Maybe they would be able to"}, {"start": "01:00:45", "end": "01:00:48", "text": "give you better price if they just knew"}, {"start": "01:00:46", "end": "01:00:50", "text": "that you want to make this execution."}, {"start": "01:00:48", "end": "01:00:53", "text": "Maybe they would like do something for"}, {"start": "01:00:50", "end": "01:00:55", "text": "you but they cannot do it because the"}, {"start": "01:00:53", "end": "01:00:56", "text": "pool is there. you trade with the pool"}, {"start": "01:00:55", "end": "01:00:58", "text": "and for them to like you know adapt to"}, {"start": "01:00:56", "end": "01:01:01", "text": "what you want to do it's not possible to"}, {"start": "01:00:58", "end": "01:01:04", "text": "do in real time and RFQ it's you come"}, {"start": "01:01:01", "end": "01:01:06", "text": "with a trade and market maker sees it"}, {"start": "01:01:04", "end": "01:01:08", "text": "and they give you a deal based on the"}, {"start": "01:01:06", "end": "01:01:10", "text": "current market with uh and of course"}, {"start": "01:01:08", "end": "01:01:12", "text": "they take into consideration the"}, {"start": "01:01:10", "end": "01:01:14", "text": "offchain and onchain they do market"}, {"start": "01:01:12", "end": "01:01:17", "text": "making onchain offchain binance by bit"}, {"start": "01:01:14", "end": "01:01:19", "text": "everywhere so this is why ideally if you"}, {"start": "01:01:17", "end": "01:01:21", "text": "trade you should be using cow swap"}, {"start": "01:01:19", "end": "01:01:24", "text": "because normally you're going to get"}, {"start": "01:01:21", "end": "01:01:26", "text": "better execution and unis swap depends"}, {"start": "01:01:24", "end": "01:01:27", "text": "obviously on your amounts how much you"}, {"start": "01:01:26", "end": "01:01:29", "text": "do sometimes it's just a few cents here"}, {"start": "01:01:27", "end": "01:01:33", "text": "and there but uh this is the you know"}, {"start": "01:01:29", "end": "01:01:35", "text": "use case for uh uh for uh the yeah cop"}, {"start": "01:01:33", "end": "01:01:37", "text": "and stuff like that so uh amm retail"}, {"start": "01:01:35", "end": "01:01:39", "text": "meme engine here is where you can have"}, {"start": "01:01:37", "end": "01:01:40", "text": "things pump a lot but also for you it"}, {"start": "01:01:39", "end": "01:01:43", "text": "may be bad execution price you"}, {"start": "01:01:40", "end": "01:01:44", "text": "understand um perfect when you want"}, {"start": "01:01:43", "end": "01:01:46", "text": "anyone to launch a coin in minutes"}, {"start": "01:01:44", "end": "01:01:49", "text": "contra liquidity but the core magic"}, {"start": "01:01:46", "end": "01:01:52", "text": "remains no need for a counterparty does"}, {"start": "01:01:49", "end": "01:01:53", "text": "that and unis swap is of course the the"}, {"start": "01:01:52", "end": "01:01:57", "text": "best example"}, {"start": "01:01:53", "end": "01:01:59", "text": "U clo this is where serious volume"}, {"start": "01:01:57", "end": "01:02:01", "text": "leverage tight execution. Yeah. So for"}, {"start": "01:01:59", "end": "01:02:06", "text": "this for more serious stuff you want to"}, {"start": "01:02:01", "end": "01:02:08", "text": "trade the per big money big uh volume uh"}, {"start": "01:02:06", "end": "01:02:09", "text": "you need good spreads not not you know"}, {"start": "01:02:08", "end": "01:02:12", "text": "everything needs to be efficient."}, {"start": "01:02:09", "end": "01:02:14", "text": "Fantastic. Fantastic. And this request"}, {"start": "01:02:12", "end": "01:02:17", "text": "for quote let's see they say that it's"}, {"start": "01:02:14", "end": "01:02:20", "text": "used by cow swap here or not."}, {"start": "01:02:17", "end": "01:02:22", "text": "You want to move real size. Yeah. Yeah."}, {"start": "01:02:20", "end": "01:02:24", "text": "You want to know exactly the price? One"}, {"start": "01:02:22", "end": "01:02:27", "text": "take put it clearly. Yeah, you can you"}, {"start": "01:02:24", "end": "01:02:29", "text": "can read here more man. You see bull man"}, {"start": "01:02:27", "end": "01:02:30", "text": "AI. Holy crap guys. Fantastic."}, {"start": "01:02:29", "end": "01:02:33", "text": "Fantastic."}, {"start": "01:02:30", "end": "01:02:34", "text": "There you go. Yeah. Hope that answer"}, {"start": "01:02:33", "end": "01:02:37", "text": "answers your question about different"}, {"start": "01:02:34", "end": "01:02:39", "text": "AMM types."}, {"start": "01:02:37", "end": "01:02:42", "text": "Guys, listen. That's it. Thank you so"}, {"start": "01:02:39", "end": "01:02:46", "text": "much for being here. We are now on the"}, {"start": "01:02:42", "end": "01:02:48", "text": "brink of a big fat bull market."}, {"start": "01:02:46", "end": "01:02:51", "text": "All the volatility"}, {"start": "01:02:48", "end": "01:02:52", "text": "does not"}, {"start": "01:02:51", "end": "01:02:55", "text": "don't matter. I I don't think it matters"}, {"start": "01:02:52", "end": "01:02:58", "text": "too much. A bit down, a bit up. You"}, {"start": "01:02:55", "end": "01:03:03", "text": "know, it's it's if you're emotional,"}, {"start": "01:02:58", "end": "01:03:03", "text": "relax. Take it easy."}, {"start": "01:03:05", "end": "01:03:11", "text": "Relax. Or what what is this song? Is it"}, {"start": "01:03:07", "end": "01:03:13", "text": "relax? Yeah, it's relax. Listen, don't"}, {"start": "01:03:11", "end": "01:03:14", "text": "overoptimize too much. It's bull trend"}, {"start": "01:03:13", "end": "01:03:16", "text": "now. You're bullish when it's bullish."}, {"start": "01:03:14", "end": "01:03:18", "text": "You're bearish when it's bearish. You"}, {"start": "01:03:16", "end": "01:03:20", "text": "don't have to be"}, {"start": "01:03:18", "end": "01:03:22", "text": "neurotic. Maybe we go down. Okay, buy"}, {"start": "01:03:20", "end": "01:03:24", "text": "more if we go down. All dips are for"}, {"start": "01:03:22", "end": "01:03:26", "text": "buying again. We don't know what's going"}, {"start": "01:03:24", "end": "01:03:28", "text": "to happen exact. Maybe we go down first."}, {"start": "01:03:26", "end": "01:03:29", "text": "Okay, buy the dip. Buy the dip. Simple."}, {"start": "01:03:28", "end": "01:03:30", "text": "Buy the dip. We go down first. Buy the"}, {"start": "01:03:29", "end": "01:03:32", "text": "dip. It's still going to be more bullish"}, {"start": "01:03:30", "end": "01:03:36", "text": "than bearish. Now it's time to be"}, {"start": "01:03:32", "end": "01:03:38", "text": "bullish. Now it's time to be bullish."}, {"start": "01:03:36", "end": "01:03:39", "text": "Can you write that? So you understand?"}, {"start": "01:03:38", "end": "01:03:43", "text": "Now it's time to be bullish. You"}, {"start": "01:03:39", "end": "01:03:46", "text": "understand? You don't understand."}, {"start": "01:03:43", "end": "01:03:49", "text": "Thank you very much. Big shout out to"}, {"start": "01:03:46", "end": "01:03:52", "text": "Dab for time stamping us. Big big shout"}, {"start": "01:03:49", "end": "01:03:54", "text": "out. Um to join Bulmania. Currently you"}, {"start": "01:03:52", "end": "01:03:56", "text": "cannot do it, but if you go to the"}, {"start": "01:03:54", "end": "01:03:59", "text": "newsletter, that's going to be the first"}, {"start": "01:03:56", "end": "01:04:01", "text": "place to to be alerted. Have a good good"}, {"start": "01:03:59", "end": "01:04:04", "text": "uh time. Model portfolio is coming to"}, {"start": "01:04:01", "end": "01:04:06", "text": "Bulmania members uh this week. Uh enjoy"}, {"start": "01:04:04", "end": "01:04:07", "text": "your uh Monday. Have a good day. We're"}, {"start": "01:04:06", "end": "01:04:11", "text": "going to be back tomorrow. And goodbye,"}, {"start": "01:04:07", "end": "01:04:11", "text": "guys. Goodbye. Goodbye. Bye."}]

[{"start": "00:00:02", "end": "00:00:06", "text": "Oh yes. Oh yes. Oh yes. Oh yes. Guys,"}, {"start": "00:00:04", "end": "00:00:09", "text": "welcome to another episode. And as right"}, {"start": "00:00:06", "end": "00:00:11", "text": "now, Bitcoin is going down to 77. And"}, {"start": "00:00:09", "end": "00:00:14", "text": "many people are asking, Ivan, what's"}, {"start": "00:00:11", "end": "00:00:17", "text": "going to happen? Will we see will we see"}, {"start": "00:00:14", "end": "00:00:20", "text": "a B pattern? Will we see a bush Khalifa"}, {"start": "00:00:17", "end": "00:00:22", "text": "pattern all the way down here into the"}, {"start": "00:00:20", "end": "00:00:24", "text": "sixes? And here is where it's very"}, {"start": "00:00:22", "end": "00:00:26", "text": "important to understand that we are in a"}, {"start": "00:00:24", "end": "00:00:29", "text": "bull trend. Anything can happen. Even in"}, {"start": "00:00:26", "end": "00:00:32", "text": "a bull trend, the probabilities are the"}, {"start": "00:00:29", "end": "00:00:34", "text": "highest for continuation to the upside."}, {"start": "00:00:32", "end": "00:00:37", "text": "But just like here in 2023, you remember"}, {"start": "00:00:34", "end": "00:00:40", "text": "that we went into bull trend and then"}, {"start": "00:00:37", "end": "00:00:43", "text": "actually what happened? We went up a bit"}, {"start": "00:00:40", "end": "00:00:45", "text": "and then we went below the flip level."}, {"start": "00:00:43", "end": "00:00:48", "text": "Below the flip level. So everyone needs"}, {"start": "00:00:45", "end": "00:00:49", "text": "to sit tight in the boat. We can sit"}, {"start": "00:00:48", "end": "00:00:52", "text": "tight in the boat. Why? Because we"}, {"start": "00:00:49", "end": "00:00:53", "text": "manage risk. If Bitcoin goes to zero,"}, {"start": "00:00:52", "end": "00:00:55", "text": "it's not going to be a surprise for us"}, {"start": "00:00:53", "end": "00:00:58", "text": "because as you can see here, there is a"}, {"start": "00:00:55", "end": "00:01:00", "text": "bare trend at 60K approximately. But"}, {"start": "00:00:58", "end": "00:01:04", "text": "this is not the time to be bearish or"}, {"start": "00:01:00", "end": "00:01:07", "text": "concerned or worried in any way in any"}, {"start": "00:01:04", "end": "00:01:09", "text": "way. Why? Because we had a year of the"}, {"start": "00:01:07", "end": "00:01:12", "text": "bear. The year of the bear is gone. The"}, {"start": "00:01:09", "end": "00:01:14", "text": "bear is nowhere to be seen. Now we have"}, {"start": "00:01:12", "end": "00:01:16", "text": "the year of the bull starting right now."}, {"start": "00:01:14", "end": "00:01:20", "text": "Next year is going to be the year of the"}, {"start": "00:01:16", "end": "00:01:22", "text": "bull. And 2028 is also likely going to"}, {"start": "00:01:20", "end": "00:01:25", "text": "be the year of the bull. Meanwhile, you"}, {"start": "00:01:22", "end": "00:01:27", "text": "may have volatility, you may have a bit"}, {"start": "00:01:25", "end": "00:01:30", "text": "of up, a bit of down. Exactly like in"}, {"start": "00:01:27", "end": "00:01:32", "text": "2023, a bit of up, a bit of down. I"}, {"start": "00:01:30", "end": "00:01:35", "text": "mean, here you see it even went to what"}, {"start": "00:01:32", "end": "00:01:39", "text": "is it like 19K it went bull trend and"}, {"start": "00:01:35", "end": "00:01:41", "text": "boop, and then valhalla."}, {"start": "00:01:39", "end": "00:01:43", "text": "So, as you know in markets,"}, {"start": "00:01:41", "end": "00:01:46", "text": "unfortunately, there is never a time"}, {"start": "00:01:43", "end": "00:01:47", "text": "where you are just 100% certain of"}, {"start": "00:01:46", "end": "00:01:50", "text": "anything. there there's never such time."}, {"start": "00:01:47", "end": "00:01:54", "text": "So trying to reach that feeling that"}, {"start": "00:01:50", "end": "00:01:56", "text": "emotion that you're just sitting in your"}, {"start": "00:01:54", "end": "00:01:59", "text": "rocking chair on the ver and you are"}, {"start": "00:01:56", "end": "00:02:01", "text": "100% certain that uh something's going"}, {"start": "00:01:59", "end": "00:02:03", "text": "to happen with your money. It's never"}, {"start": "00:02:01", "end": "00:02:05", "text": "like that. It's not like that in the"}, {"start": "00:02:03", "end": "00:02:06", "text": "bull because in the bull everyone is"}, {"start": "00:02:05", "end": "00:02:08", "text": "always nervous. Is it going to end? Is"}, {"start": "00:02:06", "end": "00:02:10", "text": "it going to end? Is going to be all"}, {"start": "00:02:08", "end": "00:02:12", "text": "season not all season? Will my [�__�] come"}, {"start": "00:02:10", "end": "00:02:14", "text": "back? And in the bear the same thing."}, {"start": "00:02:12", "end": "00:02:15", "text": "People refused the bear for the longest"}, {"start": "00:02:14", "end": "00:02:17", "text": "time. In October we said this bear."}, {"start": "00:02:15", "end": "00:02:19", "text": "People say, \"Oh, no, it's no bear. No"}, {"start": "00:02:17", "end": "00:02:22", "text": "bear, no bear, no bear.\" They refuse the"}, {"start": "00:02:19", "end": "00:02:25", "text": "bear. Then they refuse the bull. So for"}, {"start": "00:02:22", "end": "00:02:27", "text": "the average person, calmness is never"}, {"start": "00:02:25", "end": "00:02:29", "text": "really a reality. But even if you're an"}, {"start": "00:02:27", "end": "00:02:32", "text": "experienced person, you know that"}, {"start": "00:02:29", "end": "00:02:34", "text": "certainty is not is is not possible."}, {"start": "00:02:32", "end": "00:02:36", "text": "It's not even a reality. But you could"}, {"start": "00:02:34", "end": "00:02:38", "text": "get calmness if you know what you're"}, {"start": "00:02:36", "end": "00:02:41", "text": "doing. You manage risk, you know"}, {"start": "00:02:38", "end": "00:02:43", "text": "mechanical rules, etc., etc. And why can"}, {"start": "00:02:41", "end": "00:02:44", "text": "you get calmness even when there is"}, {"start": "00:02:43", "end": "00:02:46", "text": "uncertainty? Because markets are"}, {"start": "00:02:44", "end": "00:02:48", "text": "inherently uncertain. Why? Because you"}, {"start": "00:02:46", "end": "00:02:49", "text": "know that no matter what happens, you're"}, {"start": "00:02:48", "end": "00:02:51", "text": "good. You're positioned. You have risk"}, {"start": "00:02:49", "end": "00:02:54", "text": "management. Should Bitcoin go back to"}, {"start": "00:02:51", "end": "00:02:56", "text": "the 40s. If you have bull mania,"}, {"start": "00:02:54", "end": "00:02:58", "text": "mechanical rules, risk management, it's"}, {"start": "00:02:56", "end": "00:03:00", "text": "okay for it's okay. Now is not even the"}, {"start": "00:02:58", "end": "00:03:02", "text": "time to to to speak too much about that,"}, {"start": "00:03:00", "end": "00:03:04", "text": "but it's it's possible. It could happen."}, {"start": "00:03:02", "end": "00:03:06", "text": "It's unlikely. It could happen. The most"}, {"start": "00:03:04", "end": "00:03:09", "text": "likely scenario is a consensation to the"}, {"start": "00:03:06", "end": "00:03:11", "text": "upside here. As we resolve this sideway"}, {"start": "00:03:09", "end": "00:03:13", "text": "sideway chop, very very very important."}, {"start": "00:03:11", "end": "00:03:14", "text": "As a result, the sideway chop will"}, {"start": "00:03:13", "end": "00:03:17", "text": "continue to upside. And by the way, this"}, {"start": "00:03:14", "end": "00:03:19", "text": "is a mindset to have not only in markets"}, {"start": "00:03:17", "end": "00:03:20", "text": "but in life in general. I mean some of"}, {"start": "00:03:19", "end": "00:03:23", "text": "these people join bulmania and they said"}, {"start": "00:03:20", "end": "00:03:25", "text": "and they they tell me Ivan this mindset"}, {"start": "00:03:23", "end": "00:03:27", "text": "of trading actually it applies to life"}, {"start": "00:03:25", "end": "00:03:30", "text": "in general. I mean there is basically no"}, {"start": "00:03:27", "end": "00:03:34", "text": "certainty of anything. But how can we as"}, {"start": "00:03:30", "end": "00:03:37", "text": "humans still have calmness, serenity?"}, {"start": "00:03:34", "end": "00:03:40", "text": "How can we still be zen and make the"}, {"start": "00:03:37", "end": "00:03:42", "text": "perfect possible moves uh in this"}, {"start": "00:03:40", "end": "00:03:44", "text": "situation in this situation the best"}, {"start": "00:03:42", "end": "00:03:48", "text": "moves in any situation. So at the end of"}, {"start": "00:03:44", "end": "00:03:50", "text": "the day it's more you know philosophical"}, {"start": "00:03:48", "end": "00:03:52", "text": "you know the ancient wisdom is really"}, {"start": "00:03:50", "end": "00:03:54", "text": "coming when you learn about trading"}, {"start": "00:03:52", "end": "00:03:55", "text": "properly. So we can speak about for"}, {"start": "00:03:54", "end": "00:03:57", "text": "hours about this. We can speak about"}, {"start": "00:03:55", "end": "00:04:00", "text": "this for hours but all in all we are"}, {"start": "00:03:57", "end": "00:04:04", "text": "bull trend in a bull trend you're what?"}, {"start": "00:04:00", "end": "00:04:05", "text": "You're bullish. You're bullish"}, {"start": "00:04:04", "end": "00:04:07", "text": "in a bare trend. You're what? You're"}, {"start": "00:04:05", "end": "00:04:09", "text": "bearish. Keep it simple. Bull trend."}, {"start": "00:04:07", "end": "00:04:11", "text": "Bullish. Bear trend. Bearish. That's it."}, {"start": "00:04:09", "end": "00:04:12", "text": "But no, of course you cannot keep it"}, {"start": "00:04:11", "end": "00:04:14", "text": "simple. Especially guys if you're not in"}, {"start": "00:04:12", "end": "00:04:16", "text": "Bulman. I just know you want. I just"}, {"start": "00:04:14", "end": "00:04:19", "text": "know you know your brain. I can tell you"}, {"start": "00:04:16", "end": "00:04:21", "text": "whatever I tell you. You still going to"}, {"start": "00:04:19", "end": "00:04:22", "text": "mess up. Your own brain is going to tell"}, {"start": "00:04:21", "end": "00:04:23", "text": "you things. You're going to watch some"}, {"start": "00:04:22", "end": "00:04:25", "text": "other influencer. You're going to you're"}, {"start": "00:04:23", "end": "00:04:28", "text": "going to mess up. I most people do. Most"}, {"start": "00:04:25", "end": "00:04:30", "text": "people do without proper education. For"}, {"start": "00:04:28", "end": "00:04:33", "text": "example, going through bull mania. still"}, {"start": "00:04:30", "end": "00:04:34", "text": "gonna mess up. I I I Why do I know?"}, {"start": "00:04:33", "end": "00:04:36", "text": "Because we have sometimes people who"}, {"start": "00:04:34", "end": "00:04:38", "text": "want to join Bulmania, they jump on a"}, {"start": "00:04:36", "end": "00:04:40", "text": "call with us and I see they they they"}, {"start": "00:04:38", "end": "00:04:42", "text": "really really think in certainties. For"}, {"start": "00:04:40", "end": "00:04:44", "text": "example, they say, \"Oh, no. Now Bitcoin"}, {"start": "00:04:42", "end": "00:04:46", "text": "is going to go to 100K and this and this"}, {"start": "00:04:44", "end": "00:04:48", "text": "and this.\" But what if it doesn't? I"}, {"start": "00:04:46", "end": "00:04:50", "text": "mean, there is a small possibility risk"}, {"start": "00:04:48", "end": "00:04:51", "text": "that it doesn't. What do you do then?"}, {"start": "00:04:50", "end": "00:04:53", "text": "Oh, and then it's quiet. They don't"}, {"start": "00:04:51", "end": "00:04:54", "text": "know. They don't know. They don't know."}, {"start": "00:04:53", "end": "00:04:56", "text": "Or vice versa. There they still think"}, {"start": "00:04:54", "end": "00:04:58", "text": "we're going to go lower. And what what"}, {"start": "00:04:56", "end": "00:04:59", "text": "if we go up? What if we go up? What's"}, {"start": "00:04:58", "end": "00:05:00", "text": "going to happen? You need to be prepared"}, {"start": "00:04:59", "end": "00:05:02", "text": "for anything. Anyway, go to"}, {"start": "00:05:00", "end": "00:05:03", "text": "bullmania.com/subscribe."}, {"start": "00:05:02", "end": "00:05:05", "text": "Second link in description. Sign up for"}, {"start": "00:05:03", "end": "00:05:06", "text": "the newsletter. Currently, it's"}, {"start": "00:05:05", "end": "00:05:08", "text": "impossible to join us. Bullmania is"}, {"start": "00:05:06", "end": "00:05:10", "text": "closed, but we will be letting you know"}, {"start": "00:05:08", "end": "00:05:13", "text": "on the newsletter. Number one, about the"}, {"start": "00:05:10", "end": "00:05:15", "text": "new spots. Number two, whenever the"}, {"start": "00:05:13", "end": "00:05:17", "text": "market moves, we do newsletter. It's"}, {"start": "00:05:15", "end": "00:05:19", "text": "approximately every week. Number three,"}, {"start": "00:05:17", "end": "00:05:21", "text": "one of you guys who join our free"}, {"start": "00:05:19", "end": "00:05:24", "text": "newsletter is going to get a a free copy"}, {"start": "00:05:21", "end": "00:05:26", "text": "of our book, Big Profits, of my book,"}, {"start": "00:05:24", "end": "00:05:29", "text": "Big Big Big Big Profits. Very, very,"}, {"start": "00:05:26", "end": "00:05:31", "text": "very important. Big shout out to Guzman."}, {"start": "00:05:29", "end": "00:05:34", "text": "And also guys, we have a big"}, {"start": "00:05:31", "end": "00:05:35", "text": "announcement to everyone in the US and"}, {"start": "00:05:34", "end": "00:05:37", "text": "worldwide, but especially in the US"}, {"start": "00:05:35", "end": "00:05:40", "text": "because if you look in the first link of"}, {"start": "00:05:37", "end": "00:05:43", "text": "description, you see a link to Kali. We"}, {"start": "00:05:40", "end": "00:05:45", "text": "have a new partnership with Kalshi. If"}, {"start": "00:05:43", "end": "00:05:48", "text": "you use the link at the top of the"}, {"start": "00:05:45", "end": "00:05:50", "text": "description for Kali, you get big fat"}, {"start": "00:05:48", "end": "00:05:52", "text": "fee cut. Your fees are cut. Very"}, {"start": "00:05:50", "end": "00:05:57", "text": "important. So that's number one. Number"}, {"start": "00:05:52", "end": "00:05:59", "text": "two, you can trade perpetuals in the US."}, {"start": "00:05:57", "end": "00:06:02", "text": "Okay, I want to repeat that you can"}, {"start": "00:05:59", "end": "00:06:05", "text": "trade perpetuals in the US on a fully"}, {"start": "00:06:02", "end": "00:06:07", "text": "regulated platform in the US. Okay,"}, {"start": "00:06:05", "end": "00:06:09", "text": "everyone in the US, you should really"}, {"start": "00:06:07", "end": "00:06:10", "text": "listen to this because every day I have"}, {"start": "00:06:09", "end": "00:06:12", "text": "people saying, \"Ah, Ivan, I cannot use"}, {"start": "00:06:10", "end": "00:06:16", "text": "by beta. I cannot use this. I cannot use"}, {"start": "00:06:12", "end": "00:06:18", "text": "nothing.\" You can use Kali in the US."}, {"start": "00:06:16", "end": "00:06:21", "text": "It's fully regulated. You can do"}, {"start": "00:06:18", "end": "00:06:23", "text": "anything here that uh that you can do in"}, {"start": "00:06:21", "end": "00:06:25", "text": "the US. It's fully fully regulated. You"}, {"start": "00:06:23", "end": "00:06:28", "text": "can go long, you can go short. It's like"}, {"start": "00:06:25", "end": "00:06:30", "text": "buy bit but for Americans but also you"}, {"start": "00:06:28", "end": "00:06:33", "text": "see the interface is nice the interface"}, {"start": "00:06:30", "end": "00:06:36", "text": "is easy and also Americans ask every"}, {"start": "00:06:33", "end": "00:06:39", "text": "time about the tax they're like Ivan how"}, {"start": "00:06:36", "end": "00:06:42", "text": "do I account all of the tax in Kalshi"}, {"start": "00:06:39", "end": "00:06:44", "text": "you do get all of the tax documents"}, {"start": "00:06:42", "end": "00:06:49", "text": "whatever the forms you need to give to"}, {"start": "00:06:44", "end": "00:06:52", "text": "the IRS Khi will give you so for the US"}, {"start": "00:06:49", "end": "00:06:54", "text": "this is this is kind of big big big game"}, {"start": "00:06:52", "end": "00:06:56", "text": "changer this is a big big game changer"}, {"start": "00:06:54", "end": "00:07:00", "text": "is the only perpetual platform regulated"}, {"start": "00:06:56", "end": "00:07:02", "text": "in the US. Okay. And uh you can tra"}, {"start": "00:07:00", "end": "00:07:06", "text": "they're adding a lot of stuff. They have"}, {"start": "00:07:02", "end": "00:07:07", "text": "now added uh this the this coins uh and"}, {"start": "00:07:06", "end": "00:07:09", "text": "metals and metals. They have"}, {"start": "00:07:07", "end": "00:07:11", "text": "approximately 20 pairs now, but they're"}, {"start": "00:07:09", "end": "00:07:12", "text": "going to add a lot a lot a lot. There is"}, {"start": "00:07:11", "end": "00:07:14", "text": "a road map here that's going to be"}, {"start": "00:07:12", "end": "00:07:16", "text": "massive in this bull. For example, uh"}, {"start": "00:07:14", "end": "00:07:18", "text": "metals they just added I think literally"}, {"start": "00:07:16", "end": "00:07:22", "text": "today they added metals. I haven't seen"}, {"start": "00:07:18", "end": "00:07:24", "text": "this yesterday. Okay. So Khi is the way"}, {"start": "00:07:22", "end": "00:07:25", "text": "for the Americans. You get the tax"}, {"start": "00:07:24", "end": "00:07:27", "text": "certificate, whatever you need there"}, {"start": "00:07:25", "end": "00:07:29", "text": "with your trading, all the all the"}, {"start": "00:07:27", "end": "00:07:30", "text": "losses you made or all the gains you"}, {"start": "00:07:29", "end": "00:07:32", "text": "made. Okay, you get that. And if you use"}, {"start": "00:07:30", "end": "00:07:34", "text": "the first link in description, you do"}, {"start": "00:07:32", "end": "00:07:37", "text": "get the best deal possible. So, click,"}, {"start": "00:07:34", "end": "00:07:39", "text": "click, click as soon as possible. Get on"}, {"start": "00:07:37", "end": "00:07:40", "text": "KI. It is the way for us. And by the"}, {"start": "00:07:39", "end": "00:07:43", "text": "way, if you're non US, you can also use"}, {"start": "00:07:40", "end": "00:07:44", "text": "it. It's also possible for non US, but"}, {"start": "00:07:43", "end": "00:07:45", "text": "for you, it's not a game changer because"}, {"start": "00:07:44", "end": "00:07:47", "text": "you have by bit, you have wheat, you"}, {"start": "00:07:45", "end": "00:07:49", "text": "have all kinds of stuff. But of course,"}, {"start": "00:07:47", "end": "00:07:51", "text": "if you're non US and you also want a new"}, {"start": "00:07:49", "end": "00:07:53", "text": "exchange, a new deal, this and that, go"}, {"start": "00:07:51", "end": "00:07:55", "text": "and check it as well in the uh link"}, {"start": "00:07:53", "end": "00:07:57", "text": "below. Uh but for the US guys,"}, {"start": "00:07:55", "end": "00:07:59", "text": "fantastic. Big congratulations to all"}, {"start": "00:07:57", "end": "00:08:01", "text": "the Americans. I know the pain. I And we"}, {"start": "00:07:59", "end": "00:08:04", "text": "have like five guys per day in Bulmania"}, {"start": "00:08:01", "end": "00:08:05", "text": "asking us, Ivan, what about the US?"}, {"start": "00:08:04", "end": "00:08:07", "text": "What's going to happen? We cannot trade."}, {"start": "00:08:05", "end": "00:08:10", "text": "And then they have to hustle with like"}, {"start": "00:08:07", "end": "00:08:14", "text": "VPN and stuff and be like refugees."}, {"start": "00:08:10", "end": "00:08:16", "text": "Refugees hiding. Hiding. They're saying"}, {"start": "00:08:14", "end": "00:08:19", "text": "I'm No, I'm not US. I'm Mexican. I'm"}, {"start": "00:08:16", "end": "00:08:21", "text": "Mexican. I'm BPN Mexavore."}, {"start": "00:08:19", "end": "00:08:24", "text": "Let me in."}, {"start": "00:08:21", "end": "00:08:27", "text": "Let me in. I'm not America. I'm Mexico."}, {"start": "00:08:24", "end": "00:08:30", "text": "Mexico City. Yes. I am not John Muan"}, {"start": "00:08:27", "end": "00:08:33", "text": "from Mexico City. Guys, no more. No"}, {"start": "00:08:30", "end": "00:08:35", "text": "more. Go to K first in description."}, {"start": "00:08:33", "end": "00:08:36", "text": "Anyway, that's very very important. And"}, {"start": "00:08:35", "end": "00:08:37", "text": "also, you want to use regulated"}, {"start": "00:08:36", "end": "00:08:39", "text": "platform. Why? Because you're safe"}, {"start": "00:08:37", "end": "00:08:41", "text": "there. You're safe. Okay? When you are"}, {"start": "00:08:39", "end": "00:08:43", "text": "when you're lying about your uh"}, {"start": "00:08:41", "end": "00:08:44", "text": "location, you're not safe. I mean,"}, {"start": "00:08:43", "end": "00:08:46", "text": "you're literally unregulated. You have"}, {"start": "00:08:44", "end": "00:08:49", "text": "no protection guys. You understand?"}, {"start": "00:08:46", "end": "00:08:51", "text": "Moving on. There is a lot of fear in the"}, {"start": "00:08:49", "end": "00:08:53", "text": "uh stock market. Stock market is fearful"}, {"start": "00:08:51", "end": "00:08:55", "text": "but holding up quite okay for now at"}, {"start": "00:08:53", "end": "00:08:59", "text": "least. Why is stock market a bit fearful"}, {"start": "00:08:55", "end": "00:09:01", "text": "now? Because there is a problem with the"}, {"start": "00:08:59", "end": "00:09:03", "text": "energy prices. Energy prices very very"}, {"start": "00:09:01", "end": "00:09:06", "text": "high. Diesel for example hits alltime"}, {"start": "00:09:03", "end": "00:09:11", "text": "high. Brand going up. There is problem"}, {"start": "00:09:06", "end": "00:09:13", "text": "with uh hooties with Saudi. Saudi and"}, {"start": "00:09:11", "end": "00:09:15", "text": "hooties have some issue. There is a"}, {"start": "00:09:13", "end": "00:09:17", "text": "conflict in the Middle East like always."}, {"start": "00:09:15", "end": "00:09:20", "text": "There's always something there in this"}, {"start": "00:09:17", "end": "00:09:23", "text": "Middle East. So always some kind of"}, {"start": "00:09:20", "end": "00:09:24", "text": "problem there. Anyway, now you have the"}, {"start": "00:09:23", "end": "00:09:29", "text": "increase in oil prices. That's number"}, {"start": "00:09:24", "end": "00:09:32", "text": "one. Number two, you have the PPI coming"}, {"start": "00:09:29", "end": "00:09:34", "text": "out and PPI being higher than expected."}, {"start": "00:09:32", "end": "00:09:37", "text": "Um so the market is expected a bit"}, {"start": "00:09:34", "end": "00:09:40", "text": "lower. PPI now is higher. So inflation"}, {"start": "00:09:37", "end": "00:09:43", "text": "is a bit higher than expected. Based on"}, {"start": "00:09:40", "end": "00:09:46", "text": "this the treasury yields have gone up."}, {"start": "00:09:43", "end": "00:09:48", "text": "Basically means that the demand for US"}, {"start": "00:09:46", "end": "00:09:50", "text": "treasuries is going down. When the"}, {"start": "00:09:48", "end": "00:09:53", "text": "demand is going down, yield is going up."}, {"start": "00:09:50", "end": "00:09:55", "text": "So this is a signal that basically the"}, {"start": "00:09:53", "end": "00:09:57", "text": "the financial markets are not trusting"}, {"start": "00:09:55", "end": "00:10:00", "text": "the US as much. They're afraid for"}, {"start": "00:09:57", "end": "00:10:02", "text": "hyperinflation. When you buy US debt,"}, {"start": "00:10:00", "end": "00:10:05", "text": "you get paid in dollars. So if you're"}, {"start": "00:10:02", "end": "00:10:07", "text": "afraid of inflation, you want to have a"}, {"start": "00:10:05", "end": "00:10:09", "text": "higher yield. You want that the bonds"}, {"start": "00:10:07", "end": "00:10:11", "text": "have a high yield so that in case"}, {"start": "00:10:09", "end": "00:10:13", "text": "there's inflation you will be"}, {"start": "00:10:11", "end": "00:10:16", "text": "compensated by this yield because I mean"}, {"start": "00:10:13", "end": "00:10:19", "text": "imagine yourself you let's say you you"}, {"start": "00:10:16", "end": "00:10:21", "text": "lend money to the US and you get uh 5%"}, {"start": "00:10:19", "end": "00:10:23", "text": "per year like now but imagine the"}, {"start": "00:10:21", "end": "00:10:25", "text": "inflation is 20% per year so it doesn't"}, {"start": "00:10:23", "end": "00:10:27", "text": "matter that you get 5%. So you would"}, {"start": "00:10:25", "end": "00:10:29", "text": "demand higher yield you would demand"}, {"start": "00:10:27", "end": "00:10:32", "text": "higher yield so this is very important"}, {"start": "00:10:29", "end": "00:10:35", "text": "that um as inflation fears increase the"}, {"start": "00:10:32", "end": "00:10:37", "text": "yields in the bond markets also"}, {"start": "00:10:35", "end": "00:10:39", "text": "increase. Now some people are saying"}, {"start": "00:10:37", "end": "00:10:41", "text": "Mike Alfred are saying we should use"}, {"start": "00:10:39", "end": "00:10:43", "text": "they should use uh what is her name?"}, {"start": "00:10:41", "end": "00:10:47", "text": "Sweenie. Sweeny what's her name first"}, {"start": "00:10:43", "end": "00:10:51", "text": "name? Uh Sudney. Sudney man I I forgot."}, {"start": "00:10:47", "end": "00:10:53", "text": "Sudney Sweeney she should promote US"}, {"start": "00:10:51", "end": "00:10:55", "text": "treasury safe secure. Sweeny because the"}, {"start": "00:10:53", "end": "00:10:57", "text": "best investments aren't just smart"}, {"start": "00:10:55", "end": "00:11:00", "text": "they're timeless."}, {"start": "00:10:57", "end": "00:11:03", "text": "Get into bond stability looks good on"}, {"start": "00:11:00", "end": "00:11:05", "text": "you. Risk I'm not into it. Get the"}, {"start": "00:11:03", "end": "00:11:06", "text": "treasuries. Let's see guys. Let's see."}, {"start": "00:11:05", "end": "00:11:08", "text": "All in all, they need to promote. They"}, {"start": "00:11:06", "end": "00:11:10", "text": "need to promote this bonds like there's"}, {"start": "00:11:08", "end": "00:11:11", "text": "no tomorrow. Bessant, he's trying to"}, {"start": "00:11:10", "end": "00:11:14", "text": "promote. Bessant is trying to promote."}, {"start": "00:11:11", "end": "00:11:16", "text": "He's saying that he is the house that he"}, {"start": "00:11:14", "end": "00:11:18", "text": "knows that the treasuries are a good"}, {"start": "00:11:16", "end": "00:11:20", "text": "deal because he's going to pump them."}, {"start": "00:11:18", "end": "00:11:21", "text": "But for now, they're not really pumping."}, {"start": "00:11:20", "end": "00:11:23", "text": "For now, the treasuries are not really"}, {"start": "00:11:21", "end": "00:11:26", "text": "pumping. And of course, the fears are"}, {"start": "00:11:23", "end": "00:11:28", "text": "that the Fed will hike interest rates"}, {"start": "00:11:26", "end": "00:11:31", "text": "next week. This is the fear. And the"}, {"start": "00:11:28", "end": "00:11:33", "text": "fear is pressing down the stock market."}, {"start": "00:11:31", "end": "00:11:35", "text": "But to be fair, the stock market is not"}, {"start": "00:11:33", "end": "00:11:38", "text": "dumping a lot. It's not. It's just 1%"}, {"start": "00:11:35", "end": "00:11:40", "text": "here and there. So whatever the fear,"}, {"start": "00:11:38", "end": "00:11:41", "text": "it's it's not massive. It's not massive."}, {"start": "00:11:40", "end": "00:11:43", "text": "And as you know for crypto, we don't"}, {"start": "00:11:41", "end": "00:11:46", "text": "even care about the interest rates at"}, {"start": "00:11:43", "end": "00:11:47", "text": "this stage because uh we have gone"}, {"start": "00:11:46", "end": "00:11:49", "text": "through the bear. We have gone through"}, {"start": "00:11:47", "end": "00:11:51", "text": "the bear and like I showed you yesterday"}, {"start": "00:11:49", "end": "00:11:53", "text": "even if interest rates go up. It does"}, {"start": "00:11:51", "end": "00:11:56", "text": "not matter because look here in the last"}, {"start": "00:11:53", "end": "00:11:59", "text": "uh bull market. As soon as we went into"}, {"start": "00:11:56", "end": "00:12:00", "text": "bull trend, Bitcoin continued up. Even"}, {"start": "00:11:59", "end": "00:12:03", "text": "though, as you can see here, the"}, {"start": "00:12:00", "end": "00:12:06", "text": "interest rates actually increased. Right"}, {"start": "00:12:03", "end": "00:12:08", "text": "after the bull flip in 2023, you did"}, {"start": "00:12:06", "end": "00:12:10", "text": "have a rate hike just literally two"}, {"start": "00:12:08", "end": "00:12:12", "text": "weeks later and then another rate hike a"}, {"start": "00:12:10", "end": "00:12:14", "text": "few weeks later and then another rate"}, {"start": "00:12:12", "end": "00:12:16", "text": "hike a few weeks later and then another"}, {"start": "00:12:14", "end": "00:12:18", "text": "rate hike a few a few weeks later. So,"}, {"start": "00:12:16", "end": "00:12:21", "text": "in the span of literally how many"}, {"start": "00:12:18", "end": "00:12:24", "text": "months? Like six months, it had one,"}, {"start": "00:12:21", "end": "00:12:26", "text": "two, three, four rate hikes. last bull"}, {"start": "00:12:24", "end": "00:12:27", "text": "market and it was still, you know, the"}, {"start": "00:12:26", "end": "00:12:30", "text": "bull market still happened. We still"}, {"start": "00:12:27", "end": "00:12:32", "text": "went very very high. The shitcoin still"}, {"start": "00:12:30", "end": "00:12:35", "text": "moonmed. Pepe and the dog with hat still"}, {"start": "00:12:32", "end": "00:12:37", "text": "were created even though the the the"}, {"start": "00:12:35", "end": "00:12:39", "text": "rates went up. So, as you can see, for"}, {"start": "00:12:37", "end": "00:12:41", "text": "us currently after a bear, it's not a"}, {"start": "00:12:39", "end": "00:12:42", "text": "big problem with the with the with the"}, {"start": "00:12:41", "end": "00:12:44", "text": "rates. And in fact, as you can see here,"}, {"start": "00:12:42", "end": "00:12:47", "text": "they started to decrease rates and we"}, {"start": "00:12:44", "end": "00:12:49", "text": "dumped. Why? because the price action is"}, {"start": "00:12:47", "end": "00:12:52", "text": "disconnected from the rates in the short"}, {"start": "00:12:49", "end": "00:12:54", "text": "term especially when you have a big fat"}, {"start": "00:12:52", "end": "00:12:56", "text": "bull market and then the demand"}, {"start": "00:12:54", "end": "00:12:57", "text": "disappears for many different reasons. I"}, {"start": "00:12:56", "end": "00:12:59", "text": "mean one reason is just that everyone"}, {"start": "00:12:57", "end": "00:13:02", "text": "who wanted to buy already bought. Trump"}, {"start": "00:12:59", "end": "00:13:04", "text": "already pumped us. So the market"}, {"start": "00:13:02", "end": "00:13:07", "text": "psychology and the market dynamics are"}, {"start": "00:13:04", "end": "00:13:08", "text": "way more important than external factors"}, {"start": "00:13:07", "end": "00:13:10", "text": "like for example the interest rate. Of"}, {"start": "00:13:08", "end": "00:13:13", "text": "course, interest rate long-term is good"}, {"start": "00:13:10", "end": "00:13:15", "text": "if it goes down, but in terms of, you"}, {"start": "00:13:13", "end": "00:13:18", "text": "know, this year, this quarter, the"}, {"start": "00:13:15", "end": "00:13:21", "text": "biggest impact is the balance of supply"}, {"start": "00:13:18", "end": "00:13:24", "text": "and demand. And if you've had a year of"}, {"start": "00:13:21", "end": "00:13:26", "text": "down, the the balance is such that"}, {"start": "00:13:24", "end": "00:13:27", "text": "everyone who wanted to sell already"}, {"start": "00:13:26", "end": "00:13:30", "text": "sold. I mean, there's not many people"}, {"start": "00:13:27", "end": "00:13:32", "text": "left to sell. So, this means that the"}, {"start": "00:13:30", "end": "00:13:34", "text": "balance is more that you have people"}, {"start": "00:13:32", "end": "00:13:35", "text": "buying Bitcoin that the balance of"}, {"start": "00:13:34", "end": "00:13:37", "text": "supply and demand decides that most"}, {"start": "00:13:35", "end": "00:13:39", "text": "people are sidelined. Okay, that's the"}, {"start": "00:13:37", "end": "00:13:40", "text": "most important thing and that's why"}, {"start": "00:13:39", "end": "00:13:41", "text": "price are likely to go up in my opinion."}, {"start": "00:13:40", "end": "00:13:43", "text": "That's how I see it. That's why I'm"}, {"start": "00:13:41", "end": "00:13:45", "text": "acting. You do what you want. You do"}, {"start": "00:13:43", "end": "00:13:46", "text": "what you want. You round trip, you do"}, {"start": "00:13:45", "end": "00:13:48", "text": "what you want. You miss bull market."}, {"start": "00:13:46", "end": "00:13:49", "text": "Good for you. Good for you. You do what"}, {"start": "00:13:48", "end": "00:13:52", "text": "you want. I'm not telling you what you"}, {"start": "00:13:49", "end": "00:13:54", "text": "do. I'm telling you what I do. You You"}, {"start": "00:13:52", "end": "00:13:55", "text": "watch 500 influencers. One one tells you"}, {"start": "00:13:54", "end": "00:13:58", "text": "bullish, one tells you bearish. You run"}, {"start": "00:13:55", "end": "00:14:00", "text": "around. I don't know what else you do."}, {"start": "00:13:58", "end": "00:14:02", "text": "What else? Let me know in the comments."}, {"start": "00:14:00", "end": "00:14:04", "text": "I'm telling you what I'm doing. I'm"}, {"start": "00:14:02", "end": "00:14:07", "text": "telling you what I'm doing. I'm telling"}, {"start": "00:14:04", "end": "00:14:07", "text": "you how I'm seeing it."}, {"start": "00:14:08", "end": "00:14:14", "text": "And I can tell you I'm quite relaxed"}, {"start": "00:14:11", "end": "00:14:16", "text": "here. Not because it's 100% certain. I'm"}, {"start": "00:14:14", "end": "00:14:17", "text": "100% certain of anything. In fact, I'm"}, {"start": "00:14:16", "end": "00:14:18", "text": "humble. I'm very I'm the humblest"}, {"start": "00:14:17", "end": "00:14:20", "text": "YouTuber. I'm telling you I actually"}, {"start": "00:14:18", "end": "00:14:22", "text": "don't know what's going to happen. I"}, {"start": "00:14:20", "end": "00:14:23", "text": "just tell you what I do. Okay? I don't"}, {"start": "00:14:22", "end": "00:14:24", "text": "know what's going to happen. Maybe we'll"}, {"start": "00:14:23", "end": "00:14:26", "text": "go down. If we go down, boop, stop loss,"}, {"start": "00:14:24", "end": "00:14:29", "text": "boop, bare trend, we're out. We're out."}, {"start": "00:14:26", "end": "00:14:30", "text": "We're out. We're out. We're protected to"}, {"start": "00:14:29", "end": "00:14:33", "text": "the downside. We have very limited"}, {"start": "00:14:30", "end": "00:14:36", "text": "downside, but we have infinite upside."}, {"start": "00:14:33", "end": "00:14:38", "text": "We have infinite upside. And the bet is"}, {"start": "00:14:36", "end": "00:14:40", "text": "so nice here that uh I'm bullish. I'm"}, {"start": "00:14:38", "end": "00:14:43", "text": "bullish like hell, guys. I'm bullish"}, {"start": "00:14:40", "end": "00:14:44", "text": "like hell. But bullish like hell does"}, {"start": "00:14:43", "end": "00:14:46", "text": "not mean that it's a certain scene. And"}, {"start": "00:14:44", "end": "00:14:47", "text": "that's the reason I can be calm is"}, {"start": "00:14:46", "end": "00:14:49", "text": "because we have a plan for freaking"}, {"start": "00:14:47", "end": "00:14:50", "text": "anything. Whatever happens, we're going"}, {"start": "00:14:49", "end": "00:14:52", "text": "to be okay. We're going to make money, a"}, {"start": "00:14:50", "end": "00:14:53", "text": "lot of money. Whatever happens, that's"}, {"start": "00:14:52", "end": "00:14:55", "text": "the best position to be in. We"}, {"start": "00:14:53", "end": "00:14:58", "text": "prioritize money making. Whatever the"}, {"start": "00:14:55", "end": "00:14:59", "text": "market does, good. Prioritize money"}, {"start": "00:14:58", "end": "00:15:02", "text": "making. Whatever chart is going to be"}, {"start": "00:14:59", "end": "00:15:04", "text": "great. So, that's that. Moving on. Um"}, {"start": "00:15:02", "end": "00:15:06", "text": "yeah, bonds. Let uh let me know guys if"}, {"start": "00:15:04", "end": "00:15:08", "text": "you would be falling for this kind of"}, {"start": "00:15:06", "end": "00:15:09", "text": "advertisement. Uh you may get hit by"}, {"start": "00:15:08", "end": "00:15:11", "text": "hyperinflation. If you fall too much"}, {"start": "00:15:09", "end": "00:15:14", "text": "about buying bonds that hyperinflate."}, {"start": "00:15:11", "end": "00:15:16", "text": "Let's see. Buying Bitcoin is better. You"}, {"start": "00:15:14", "end": "00:15:19", "text": "better buy Bitcoin. Yes, that's it. Look"}, {"start": "00:15:16", "end": "00:15:23", "text": "here guys. Brian. Brian he has so shiny"}, {"start": "00:15:19", "end": "00:15:25", "text": "uh head it's amazing. I mean there is"}, {"start": "00:15:23", "end": "00:15:27", "text": "when a founder has shiny head it's good."}, {"start": "00:15:25", "end": "00:15:30", "text": "Like there are a few of them. You have"}, {"start": "00:15:27", "end": "00:15:31", "text": "Brian Armstrong you have Mark Andre."}, {"start": "00:15:30", "end": "00:15:33", "text": "you. Yeah, you have like a few of them"}, {"start": "00:15:31", "end": "00:15:34", "text": "who are uh there's some power there."}, {"start": "00:15:33", "end": "00:15:36", "text": "There's some power there. Anyway, he's"}, {"start": "00:15:34", "end": "00:15:40", "text": "saying we have bottomed and that's"}, {"start": "00:15:36", "end": "00:15:43", "text": "fantastic. Let's listen to this."}, {"start": "00:15:40", "end": "00:15:47", "text": "Uh Bitcoin is trading just below uh the"}, {"start": "00:15:43", "end": "00:15:51", "text": "80,000 handle. Uh do you still believe"}, {"start": "00:15:47", "end": "00:15:54", "text": "that we could see Bitcoin 400,000 by the"}, {"start": "00:15:51", "end": "00:15:55", "text": "year 2030? And what would it take to get"}, {"start": "00:15:54", "end": "00:15:57", "text": "there?"}, {"start": "00:15:55", "end": "00:15:59", "text": ">> Uh the short answer is yes. I do think"}, {"start": "00:15:57", "end": "00:16:02", "text": "that that's a reasonable target by 2030."}, {"start": "00:15:59", "end": "00:16:03", "text": "And uh if you follow crypto, you know,"}, {"start": "00:16:02", "end": "00:16:05", "text": "it typically will go through these"}, {"start": "00:16:03", "end": "00:16:07", "text": "four-earish cycles. Um there'll be a"}, {"start": "00:16:05", "end": "00:16:09", "text": "runup, some euphor, some euphoria,"}, {"start": "00:16:07", "end": "00:16:11", "text": "there'll be a down period. Most of the"}, {"start": "00:16:09", "end": "00:16:12", "text": "down periods last about a year, and"}, {"start": "00:16:11", "end": "00:16:15", "text": "we've actually just come across the"}, {"start": "00:16:12", "end": "00:16:17", "text": "one-year mark for this down period. And"}, {"start": "00:16:15", "end": "00:16:20", "text": "so I personally believe that uh the"}, {"start": "00:16:17", "end": "00:16:22", "text": "bottom is in on on Bitcoin in this most"}, {"start": "00:16:20", "end": "00:16:25", "text": "recent cycle. We've already seen it come"}, {"start": "00:16:22", "end": "00:16:26", "text": "up from 60K or so. And a lot of people"}, {"start": "00:16:25", "end": "00:16:28", "text": "will be watching this clarity act and if"}, {"start": "00:16:26", "end": "00:16:30", "text": "it fails, you know, the subsequent rulem"}, {"start": "00:16:28", "end": "00:16:32", "text": "that comes out after that and then"}, {"start": "00:16:30", "end": "00:16:33", "text": "there's another Bitcoin having event"}, {"start": "00:16:32", "end": "00:16:35", "text": "that's I don't know about a year and a"}, {"start": "00:16:33", "end": "00:16:36", "text": "half out and we tend to see run-ups in"}, {"start": "00:16:35", "end": "00:16:38", "text": "advance of that. So I think the next"}, {"start": "00:16:36", "end": "00:16:40", "text": "year or two is going to be good for"}, {"start": "00:16:38", "end": "00:16:42", "text": "Bitcoin and we'll see what happens."}, {"start": "00:16:40", "end": "00:16:43", "text": ">> Oh yes guys, it's going to be I agree. I"}, {"start": "00:16:42", "end": "00:16:46", "text": "agree. I fully agree. And by the way"}, {"start": "00:16:43", "end": "00:16:47", "text": "guys, as you know, some people they will"}, {"start": "00:16:46", "end": "00:16:49", "text": "be bullish just for clicks. I'm not"}, {"start": "00:16:47", "end": "00:16:50", "text": "bullish for clicks, man. I was bearish"}, {"start": "00:16:49", "end": "00:16:52", "text": "when everyone was was bullish in"}, {"start": "00:16:50", "end": "00:16:54", "text": "October. I just tell you what I do. I"}, {"start": "00:16:52", "end": "00:16:57", "text": "just sell what I do. I'm not gonna blow"}, {"start": "00:16:54", "end": "00:16:58", "text": "smoke up your ass telling you, \"Oh, be"}, {"start": "00:16:57", "end": "00:17:00", "text": "bullish. Be bullish.\" Freaking bare"}, {"start": "00:16:58", "end": "00:17:02", "text": "markets, MAN. OH, IN OCTOBER, BE"}, {"start": "00:17:00", "end": "00:17:03", "text": "BULLISH. It's gonna be bull. We're gonna"}, {"start": "00:17:02", "end": "00:17:05", "text": "go down. I told you we're going to go"}, {"start": "00:17:03", "end": "00:17:06", "text": "down. We're going to go down. In May,"}, {"start": "00:17:05", "end": "00:17:08", "text": "people told you, \"Oh, be bullish. Be"}, {"start": "00:17:06", "end": "00:17:11", "text": "bullish.\" They want they milk you. They"}, {"start": "00:17:08", "end": "00:17:15", "text": "milk you for engagement because they"}, {"start": "00:17:11", "end": "00:17:18", "text": "know your brain wants bullish. They tell"}, {"start": "00:17:15", "end": "00:17:20", "text": "for they for milking you. They milk you."}, {"start": "00:17:18", "end": "00:17:22", "text": "We're not milking you. We are here"}, {"start": "00:17:20", "end": "00:17:25", "text": "telling you straight up when it's"}, {"start": "00:17:22", "end": "00:17:26", "text": "bullish is bullish. When it's bearish is"}, {"start": "00:17:25", "end": "00:17:28", "text": "bearish. Even if you don't if you don't"}, {"start": "00:17:26", "end": "00:17:30", "text": "want to hear, I still tell you bearish."}, {"start": "00:17:28", "end": "00:17:31", "text": "But now it's bullish. Okay, maybe people"}, {"start": "00:17:30", "end": "00:17:33", "text": "don't want to hear that. They're like, I"}, {"start": "00:17:31", "end": "00:17:35", "text": "thought we're going to go lower. Not in"}, {"start": "00:17:33", "end": "00:17:36", "text": "bull trend, man. Not in bull trend."}, {"start": "00:17:35", "end": "00:17:39", "text": "That's that. That's that. Guys, look"}, {"start": "00:17:36", "end": "00:17:41", "text": "here. Fed, dear, dear. Fed is going to"}, {"start": "00:17:39", "end": "00:17:43", "text": "inject two billion into the market"}, {"start": "00:17:41", "end": "00:17:45", "text": "tomorrow. They're going to inject the"}, {"start": "00:17:43", "end": "00:17:46", "text": "liquidity and liquidity is going to go"}, {"start": "00:17:45", "end": "00:17:48", "text": "somewhere. It's going to go into risk"}, {"start": "00:17:46", "end": "00:17:50", "text": "assets eventually. So, they're going to"}, {"start": "00:17:48", "end": "00:17:52", "text": "go into bonds first. They really have to"}, {"start": "00:17:50", "end": "00:17:55", "text": "get it under control. The bond market"}, {"start": "00:17:52", "end": "00:17:58", "text": "now is not under control. They need to"}, {"start": "00:17:55", "end": "00:18:01", "text": "get the bond market under control."}, {"start": "00:17:58", "end": "00:18:04", "text": "Inject liquidity. Bid, bid, bid, bid,"}, {"start": "00:18:01", "end": "00:18:07", "text": "bid, bid, bid, bid, bid, bid, bid. Okay,"}, {"start": "00:18:04", "end": "00:18:11", "text": "very important. Bid up the bonds. If"}, {"start": "00:18:07", "end": "00:18:13", "text": "you're best, bid up the bonds. Very"}, {"start": "00:18:11", "end": "00:18:14", "text": "important. So, yeah, I I think at the"}, {"start": "00:18:13", "end": "00:18:16", "text": "end of the day, they're going to beat"}, {"start": "00:18:14", "end": "00:18:20", "text": "them up. Liquidity is going to be"}, {"start": "00:18:16", "end": "00:18:23", "text": "deployed. And we have our dear dear"}, {"start": "00:18:20", "end": "00:18:26", "text": "Hunter. Guys, Hunter, what's happening?"}, {"start": "00:18:23", "end": "00:18:28", "text": "We told you be careful with Hunter. He's"}, {"start": "00:18:26", "end": "00:18:32", "text": "going to he's going to rugpool. He's"}, {"start": "00:18:28", "end": "00:18:34", "text": "saying he is responsible now. Uh"}, {"start": "00:18:32", "end": "00:18:36", "text": "why is he in a car? Why does he look"}, {"start": "00:18:34", "end": "00:18:39", "text": "broke? Uh I don't get confidence when"}, {"start": "00:18:36", "end": "00:18:42", "text": "the founder is in is it is Honda Civic"}, {"start": "00:18:39", "end": "00:18:44", "text": "where he is? Uh uh uh he he doesn't look"}, {"start": "00:18:42", "end": "00:18:46", "text": "he doesn't instill confidence in me"}, {"start": "00:18:44", "end": "00:18:49", "text": "guys. But let's let's listen."}, {"start": "00:18:46", "end": "00:18:52", "text": ">> Hey everyone, Hunter here. It has been a"}, {"start": "00:18:49", "end": "00:18:55", "text": "long couple days, but I'm used to long"}, {"start": "00:18:52", "end": "00:18:58", "text": "days. I want to want make one thing"}, {"start": "00:18:55", "end": "00:19:00", "text": "clear is that this is my [�__�] token."}, {"start": "00:18:58", "end": "00:19:03", "text": "I've been working on this thing for six"}, {"start": "00:19:00", "end": "00:19:05", "text": "months straight. And"}, {"start": "00:19:03", "end": "00:19:07", "text": ">> how what you do, man? What what you do"}, {"start": "00:19:05", "end": "00:19:10", "text": "six months straight for for to do a coin"}, {"start": "00:19:07", "end": "00:19:12", "text": "launch? Maybe he's scammed. Sometimes"}, {"start": "00:19:10", "end": "00:19:13", "text": "when you are not a professional in a"}, {"start": "00:19:12", "end": "00:19:15", "text": "field and you want to get help with"}, {"start": "00:19:13", "end": "00:19:17", "text": "something in a field, you could get"}, {"start": "00:19:15", "end": "00:19:19", "text": "scammed by service providers that over"}, {"start": "00:19:17", "end": "00:19:21", "text": "complicate the process. Maybe they told"}, {"start": "00:19:19", "end": "00:19:23", "text": "him it's a six months process to launch"}, {"start": "00:19:21", "end": "00:19:25", "text": "a coin. Meanwhile, you literally do it"}, {"start": "00:19:23", "end": "00:19:28", "text": "in one minute on pump fun. Okay. And"}, {"start": "00:19:25", "end": "00:19:31", "text": "that's it. And that's it. You lally do"}, {"start": "00:19:28", "end": "00:19:33", "text": "it on pump fun in one single minute."}, {"start": "00:19:31", "end": "00:19:34", "text": "Okay. what he do what he does for six"}, {"start": "00:19:33", "end": "00:19:36", "text": "months. Crazy."}, {"start": "00:19:34", "end": "00:19:39", "text": ">> Gone"}, {"start": "00:19:36", "end": "00:19:41", "text": "in deep in terms of cryptocurrency and"}, {"start": "00:19:39", "end": "00:19:43", "text": "understanding exactly what I was getting"}, {"start": "00:19:41", "end": "00:19:46", "text": "into. And what I was getting into was"}, {"start": "00:19:43", "end": "00:19:47", "text": "trying to do something just marketly"}, {"start": "00:19:46", "end": "00:19:49", "text": "different than what has been offered up"}, {"start": "00:19:47", "end": "00:19:52", "text": "to the to the"}, {"start": "00:19:49", "end": "00:19:54", "text": ">> Oh man, lights a laptop."}, {"start": "00:19:52", "end": "00:19:57", "text": "How it's different? What is he doing"}, {"start": "00:19:54", "end": "00:19:58", "text": ">> in the past two years? That's something"}, {"start": "00:19:57", "end": "00:20:01", "text": "that actually could help build community"}, {"start": "00:19:58", "end": "00:20:03", "text": "and do something that's worthwhile."}, {"start": "00:20:01", "end": "00:20:06", "text": "And to that end, that's why we have a"}, {"start": "00:20:03", "end": "00:20:07", "text": "20% airdrop to both my Substack"}, {"start": "00:20:06", "end": "00:20:10", "text": "subscribers, but also to people that"}, {"start": "00:20:07", "end": "00:20:12", "text": "lost money on the Trump token and"}, {"start": "00:20:10", "end": "00:20:14", "text": "airdrops to come in the future. And not"}, {"start": "00:20:12", "end": "00:20:16", "text": "only that is that we also build into it"}, {"start": "00:20:14", "end": "00:20:18", "text": "a charity component that's really really"}, {"start": "00:20:16", "end": "00:20:20", "text": "important to me that ultimately will go"}, {"start": "00:20:18", "end": "00:20:21", "text": "to uh charities related to recovery."}, {"start": "00:20:20", "end": "00:20:23", "text": ">> He's the classic, man. He's the classic."}, {"start": "00:20:21", "end": "00:20:26", "text": "He's like, man, what's the idea? Oh,"}, {"start": "00:20:23", "end": "00:20:28", "text": "let's bolt on the charity. Yeah. 1% is"}, {"start": "00:20:26", "end": "00:20:30", "text": "going to go to charity. Let's bolt it"}, {"start": "00:20:28", "end": "00:20:33", "text": "on. So our token looks good man. What is"}, {"start": "00:20:30", "end": "00:20:36", "text": "this? What is this"}, {"start": "00:20:33", "end": "00:20:39", "text": ">> and then the first ever prediction"}, {"start": "00:20:36", "end": "00:20:41", "text": "market embedded into a coin. I was"}, {"start": "00:20:39", "end": "00:20:43", "text": "intimately involved in every single"}, {"start": "00:20:41", "end": "00:20:44", "text": "discussion every"}, {"start": "00:20:43", "end": "00:20:45", "text": ">> he was also intimately involved with"}, {"start": "00:20:44", "end": "00:20:47", "text": "something else."}, {"start": "00:20:45", "end": "00:20:50", "text": ">> Every single step of the way in creating"}, {"start": "00:20:47", "end": "00:20:52", "text": "the tokconomics in creating the way in"}, {"start": "00:20:50", "end": "00:20:54", "text": "which the coin would be presented and"}, {"start": "00:20:52", "end": "00:20:56", "text": "you know what at the end of the day it's"}, {"start": "00:20:54", "end": "00:20:58", "text": "my responsibility. And there was a [�__�]"}, {"start": "00:20:56", "end": "00:21:00", "text": "up. Yeah guys, listen I mean it's a"}, {"start": "00:20:58", "end": "00:21:02", "text": "excuse excuse excuse but at the end of"}, {"start": "00:21:00", "end": "00:21:03", "text": "the day there is a chart you can you"}, {"start": "00:21:02", "end": "00:21:06", "text": "have a chart to look at so it's way"}, {"start": "00:21:03", "end": "00:21:08", "text": "better to look at the chart now than to"}, {"start": "00:21:06", "end": "00:21:10", "text": "form in at the at the top or you know"}, {"start": "00:21:08", "end": "00:21:12", "text": "what people some I mean some some poor"}, {"start": "00:21:10", "end": "00:21:14", "text": "bastard bought here someone bought here"}, {"start": "00:21:12", "end": "00:21:16", "text": "the candle would not draw itself without"}, {"start": "00:21:14", "end": "00:21:19", "text": "a trade taking place when a trade takes"}, {"start": "00:21:16", "end": "00:21:22", "text": "place someone buys some poor bastard"}, {"start": "00:21:19", "end": "00:21:27", "text": "also bought up here okay at $4 it's now"}, {"start": "00:21:22", "end": "00:21:31", "text": "40 cents so if you think Hunter is gonna"}, {"start": "00:21:27", "end": "00:21:34", "text": "take back the coin to Valhalla."}, {"start": "00:21:31", "end": "00:21:37", "text": "Look at the hourly chart. Uh it's going"}, {"start": "00:21:34", "end": "00:21:42", "text": "to go bull here at 0.9 and uh yeah,"}, {"start": "00:21:37", "end": "00:21:44", "text": "alltime high is like $4. Okay, so I I"}, {"start": "00:21:42", "end": "00:21:46", "text": "don't know what to tell you. Just don't"}, {"start": "00:21:44", "end": "00:21:48", "text": "for new launches. I think it's a bad"}, {"start": "00:21:46", "end": "00:21:50", "text": "deal for most people. Uh just see how it"}, {"start": "00:21:48", "end": "00:21:51", "text": "launches. See how it goes. Now we see we"}, {"start": "00:21:50", "end": "00:21:53", "text": "have a trend. We have something to work"}, {"start": "00:21:51", "end": "00:21:55", "text": "with here. Maybe he he does return it. I"}, {"start": "00:21:53", "end": "00:21:57", "text": "mean, maybe he will redeem himself,"}, {"start": "00:21:55", "end": "00:22:00", "text": "guys. To be fair, I he doesn't look pro"}, {"start": "00:21:57", "end": "00:22:01", "text": "promising. It's he he looks a bit Yeah,"}, {"start": "00:22:00", "end": "00:22:05", "text": "I don't know. He's in the scar. It's so"}, {"start": "00:22:01", "end": "00:22:07", "text": "dark. Why it's so dark? He's uh Yeah, I"}, {"start": "00:22:05", "end": "00:22:08", "text": "don't know, man. I don't know, man. And"}, {"start": "00:22:07", "end": "00:22:09", "text": "he wants to make some money. He said he"}, {"start": "00:22:08", "end": "00:22:11", "text": "he wants to make some money in crypto."}, {"start": "00:22:09", "end": "00:22:13", "text": "Remember on Tucker Carlson, he said, \"I"}, {"start": "00:22:11", "end": "00:22:16", "text": "want I make some money. I want to make"}, {"start": "00:22:13", "end": "00:22:17", "text": "some money.\" So, yeah. Let's see what he"}, {"start": "00:22:16", "end": "00:22:18", "text": "said."}, {"start": "00:22:17", "end": "00:22:20", "text": ">> You know what? At the end of the day,"}, {"start": "00:22:18", "end": "00:22:22", "text": "it's my responsibility. And there was a"}, {"start": "00:22:20", "end": "00:22:26", "text": "[�__�] The [�__�] up occurred in the"}, {"start": "00:22:22", "end": "00:22:28", "text": "first 30 seconds of launching the coin"}, {"start": "00:22:26", "end": "00:22:32", "text": "in which the market maker for some"}, {"start": "00:22:28", "end": "00:22:34", "text": "unknown goddamn reason only put in"}, {"start": "00:22:32", "end": "00:22:38", "text": "$5,000 in of liquidity and the demand"}, {"start": "00:22:34", "end": "00:22:42", "text": "was through the roof. And what happened"}, {"start": "00:22:38", "end": "00:22:45", "text": "was is that the coin went up to $2.39"}, {"start": "00:22:42", "end": "00:22:49", "text": "and then it went to $316"}, {"start": "00:22:45", "end": "00:22:51", "text": "a token. $316 billion market cap. larger"}, {"start": "00:22:49", "end": "00:22:53", "text": "than the market cap of [�__�] goddamn"}, {"start": "00:22:51", "end": "00:22:56", "text": "Black Rock. And they got it under"}, {"start": "00:22:53", "end": "00:22:58", "text": "control, but not before the damage was"}, {"start": "00:22:56", "end": "00:22:59", "text": "done in terms of making it look like not"}, {"start": "00:22:58", "end": "00:23:03", "text": "just a Christmas tree, it looked like"}, {"start": "00:22:59", "end": "00:23:05", "text": "Mount Everest. I am in this to the end."}, {"start": "00:23:03", "end": "00:23:06", "text": ">> I'm"}, {"start": "00:23:05", "end": "00:23:08", "text": "What kind of service provider he used"}, {"start": "00:23:06", "end": "00:23:10", "text": "for this coin, man? What kind of"}, {"start": "00:23:08", "end": "00:23:12", "text": "service? Not only did he get scammed on"}, {"start": "00:23:10", "end": "00:23:15", "text": "the timeline, they probably built his"}, {"start": "00:23:12", "end": "00:23:17", "text": "ass for six months of hard work of 100"}, {"start": "00:23:15", "end": "00:23:20", "text": "people. Also, they messed up THE THE"}, {"start": "00:23:17", "end": "00:23:20", "text": "LAUNCH."}, {"start": "00:23:20", "end": "00:23:26", "text": "MAN, WHAT KIND of service provider? You"}, {"start": "00:23:23", "end": "00:23:28", "text": "hire a hunter. Oh, oops. We just"}, {"start": "00:23:26", "end": "00:23:31", "text": "accidentally had no liquidity. So all of"}, {"start": "00:23:28", "end": "00:23:32", "text": "the pleb would form in a 300 bucks with"}, {"start": "00:23:31", "end": "00:23:34", "text": "dump on their ass. It was all"}, {"start": "00:23:32", "end": "00:23:36", "text": "accidental. I don't know how it"}, {"start": "00:23:34", "end": "00:23:38", "text": "happened. It was market. We poor poor"}, {"start": "00:23:36", "end": "00:23:42", "text": "market maker. We misunderstood."}, {"start": "00:23:38", "end": "00:23:45", "text": "Oh, I mean he's swimming with sharks."}, {"start": "00:23:42", "end": "00:23:47", "text": "This guy is in crypto. He says he said I"}, {"start": "00:23:45", "end": "00:23:48", "text": "know what I'm getting into. Do you"}, {"start": "00:23:47", "end": "00:23:49", "text": "really know, Hunter? what you guessing"}, {"start": "00:23:48", "end": "00:23:53", "text": "into because you're SWIMMING WITH"}, {"start": "00:23:49", "end": "00:23:55", "text": "SHARKS. THEY ARE SHARKS. OKAY."}, {"start": "00:23:53", "end": "00:23:58", "text": "NOW, I I don't doubt that Hunter I mean"}, {"start": "00:23:55", "end": "00:24:00", "text": "ideally he wanted to have a nice launch."}, {"start": "00:23:58", "end": "00:24:02", "text": "Probably he wanted probably it it it's"}, {"start": "00:24:00", "end": "00:24:06", "text": "not in his interest that the launch went"}, {"start": "00:24:02", "end": "00:24:11", "text": "this way. But man, you get into crypto"}, {"start": "00:24:06", "end": "00:24:12", "text": "the most PVP dog eat dog industry on"}, {"start": "00:24:11", "end": "00:24:15", "text": "earth"}, {"start": "00:24:12", "end": "00:24:18", "text": "and you hire people that lie to you that"}, {"start": "00:24:15", "end": "00:24:19", "text": "also mess up your launch. If you don't"}, {"start": "00:24:18", "end": "00:24:20", "text": "sue them, I don't know what's gonna"}, {"start": "00:24:19", "end": "00:24:22", "text": "happen, man. I don't know. I don't know"}, {"start": "00:24:20", "end": "00:24:23", "text": "what's gonna happen."}, {"start": "00:24:22", "end": "00:24:26", "text": ">> 100%."}, {"start": "00:24:23", "end": "00:24:28", "text": "And I promise you is that we're going to"}, {"start": "00:24:26", "end": "00:24:30", "text": "make it right. And we're working our"}, {"start": "00:24:28", "end": "00:24:33", "text": "asses off to make certain that we can do"}, {"start": "00:24:30", "end": "00:24:34", "text": "that. So stay tuned for more"}, {"start": "00:24:33", "end": "00:24:37", "text": "information. But I just want everybody"}, {"start": "00:24:34", "end": "00:24:39", "text": "to know this isn't some [�__�] [�__�]"}, {"start": "00:24:37", "end": "00:24:41", "text": "celebrity token where I get on on"}, {"start": "00:24:39", "end": "00:24:41", "text": "Twitter and say, \"Oh, I didn't know"}, {"start": "00:24:41", "end": "00:24:42", "text": "about.\""}, {"start": "00:24:41", "end": "00:24:44", "text": ">> Okay. Okay."}, {"start": "00:24:42", "end": "00:24:47", "text": "Maybe maybe it's correct. But Hunter,"}, {"start": "00:24:44", "end": "00:24:49", "text": "okay, listen to the wisdom here. What"}, {"start": "00:24:47", "end": "00:24:52", "text": "Hunter needs to do, what I would do,"}, {"start": "00:24:49", "end": "00:24:54", "text": "what I would do is that I would actually"}, {"start": "00:24:52", "end": "00:24:56", "text": "create a new coin. So, we erase the"}, {"start": "00:24:54", "end": "00:24:59", "text": "chart because that chart, especially if"}, {"start": "00:24:56", "end": "00:25:02", "text": "he says it went to like $300 or"}, {"start": "00:24:59", "end": "00:25:03", "text": "something, it's going to haunt you"}, {"start": "00:25:02", "end": "00:25:05", "text": "forever because everyone's going to see"}, {"start": "00:25:03", "end": "00:25:06", "text": "that it's down 99.999%. Let's actually"}, {"start": "00:25:05", "end": "00:25:08", "text": "see on Coin Gak what is the all-time"}, {"start": "00:25:06", "end": "00:25:11", "text": "high price? Because if the launch got"}, {"start": "00:25:08", "end": "00:25:13", "text": "messed up, uh, ideally you want to erase"}, {"start": "00:25:11", "end": "00:25:16", "text": "the chart, make a new chart. Make a new"}, {"start": "00:25:13", "end": "00:25:17", "text": "chart because you cannot live with that"}, {"start": "00:25:16", "end": "00:25:19", "text": "chart. It's going to it's like ICP,"}, {"start": "00:25:17", "end": "00:25:22", "text": "guys. Where is ICP? No one cares about"}, {"start": "00:25:19", "end": "00:25:24", "text": "ICP because you remember ICP. ICP also"}, {"start": "00:25:22", "end": "00:25:26", "text": "launched apparently because market maker"}, {"start": "00:25:24", "end": "00:25:28", "text": "messed up. They they accused FTX and"}, {"start": "00:25:26", "end": "00:25:31", "text": "ever since Oh yeah. Oh yeah. Yeah. Yeah."}, {"start": "00:25:28", "end": "00:25:32", "text": "He needs to do a new coin. I would"}, {"start": "00:25:31", "end": "00:25:34", "text": "actually not continue on this because"}, {"start": "00:25:32", "end": "00:25:37", "text": "it's down so much. You see, on Coin"}, {"start": "00:25:34", "end": "00:25:39", "text": "Gecko, they capture this price of $200."}, {"start": "00:25:37", "end": "00:25:41", "text": "Oh, yeah. He can he cannot work with"}, {"start": "00:25:39", "end": "00:25:44", "text": "this. It's impossible to work with this."}, {"start": "00:25:41", "end": "00:25:45", "text": "So, anyone who's ever going to open this"}, {"start": "00:25:44", "end": "00:25:46", "text": "coin, they're going to look at the"}, {"start": "00:25:45", "end": "00:25:50", "text": "chart. They're going to see it went from"}, {"start": "00:25:46", "end": "00:25:53", "text": "$200 to like below $1. It's going to be"}, {"start": "00:25:50", "end": "00:25:56", "text": "very bad. So, here I would just do a new"}, {"start": "00:25:53", "end": "00:25:58", "text": "coin, like new name. Uh, so it's it's a"}, {"start": "00:25:56", "end": "00:26:00", "text": "new chart. Do do the chart properly. Do"}, {"start": "00:25:58", "end": "00:26:02", "text": "the chart properly. And you know when"}, {"start": "00:26:00", "end": "00:26:04", "text": "you migrate to a new ticker it's not"}, {"start": "00:26:02", "end": "00:26:06", "text": "this the same issue with the with the"}, {"start": "00:26:04", "end": "00:26:08", "text": "volatility and everything. Uh is it's"}, {"start": "00:26:06", "end": "00:26:10", "text": "been done many times before but"}, {"start": "00:26:08", "end": "00:26:12", "text": "otherwise it's going to be like ICP"}, {"start": "00:26:10", "end": "00:26:14", "text": "you're you know ICP no one cares about"}, {"start": "00:26:12", "end": "00:26:16", "text": "ICP currently no one cares and you know"}, {"start": "00:26:14", "end": "00:26:18", "text": "in general they have the same issue. You"}, {"start": "00:26:16", "end": "00:26:21", "text": "see they have the same issue. Anyone"}, {"start": "00:26:18", "end": "00:26:24", "text": "that looks at ICP"}, {"start": "00:26:21", "end": "00:26:26", "text": "sees that how they did they go from $700"}, {"start": "00:26:24", "end": "00:26:28", "text": "to $2. Like there must be something"}, {"start": "00:26:26", "end": "00:26:30", "text": "wrong wrong here. It looks like a scam."}, {"start": "00:26:28", "end": "00:26:32", "text": "It looks like a rugpool. Now, it is a"}, {"start": "00:26:30", "end": "00:26:34", "text": "serious project. Okay, ICP, you know,"}, {"start": "00:26:32", "end": "00:26:37", "text": "they have they have taken stuff, but"}, {"start": "00:26:34", "end": "00:26:41", "text": "they have the curse. They have the curse"}, {"start": "00:26:37", "end": "00:26:44", "text": "of the bad launch. They're down 99.6%."}, {"start": "00:26:41", "end": "00:26:46", "text": "They will never go to 700 because that"}, {"start": "00:26:44", "end": "00:26:49", "text": "was an impossible uh price which just"}, {"start": "00:26:46", "end": "00:26:51", "text": "was created because of low liquidity."}, {"start": "00:26:49", "end": "00:26:53", "text": "Some poor bastard bought at that price"}, {"start": "00:26:51", "end": "00:26:57", "text": "just like some poor bastard bought at"}, {"start": "00:26:53", "end": "00:26:59", "text": "200 for Hunter for laptop. So yeah,"}, {"start": "00:26:57", "end": "00:27:02", "text": "Hunter, you need help. You need help a"}, {"start": "00:26:59", "end": "00:27:03", "text": "lot. Uh I would help you, but you know,"}, {"start": "00:27:02", "end": "00:27:05", "text": "we have so much with Bullmania. It's"}, {"start": "00:27:03", "end": "00:27:07", "text": "quite insane. I mean, I'm helping all of"}, {"start": "00:27:05", "end": "00:27:09", "text": "our members in Bullmania uh every day."}, {"start": "00:27:07", "end": "00:27:12", "text": "Every day to to for me to also help you"}, {"start": "00:27:09", "end": "00:27:14", "text": "with the coin."}, {"start": "00:27:12", "end": "00:27:18", "text": "I I I don't know if I will be able to."}, {"start": "00:27:14", "end": "00:27:20", "text": "If you join Bulmania, maybe I can do it."}, {"start": "00:27:18", "end": "00:27:22", "text": "If you join Bulmania, Hunter, if you go"}, {"start": "00:27:20", "end": "00:27:24", "text": "to Well, you cannot even join now. Yeah,"}, {"start": "00:27:22", "end": "00:27:26", "text": "exactly. It's full."}, {"start": "00:27:24", "end": "00:27:29", "text": "I can't even join. If you go to"}, {"start": "00:27:26", "end": "00:27:31", "text": "bullman.com/subscribe,"}, {"start": "00:27:29", "end": "00:27:32", "text": "you can sign up for the newsletter."}, {"start": "00:27:31", "end": "00:27:34", "text": "Whenever there is there are new spots,"}, {"start": "00:27:32", "end": "00:27:37", "text": "we're going to let you in. All my focus"}, {"start": "00:27:34", "end": "00:27:39", "text": "is on the existing bulman. If you if you"}, {"start": "00:27:37", "end": "00:27:42", "text": "do a coin without asking me and then it"}, {"start": "00:27:39", "end": "00:27:44", "text": "mess mess up. What can I do? What can I"}, {"start": "00:27:42", "end": "00:27:46", "text": "do? Just like most people who think they"}, {"start": "00:27:44", "end": "00:27:47", "text": "can do the bull market without"}, {"start": "00:27:46", "end": "00:27:48", "text": "bullmania, they're like, \"Yeah, we're"}, {"start": "00:27:47", "end": "00:27:50", "text": "going to do your Yeah, you're going to"}, {"start": "00:27:48", "end": "00:27:51", "text": "mess up exactly how you did last time."}, {"start": "00:27:50", "end": "00:27:53", "text": "Bitcoin is going to be a bit volatile."}, {"start": "00:27:51", "end": "00:27:55", "text": "Let's say it goes to 50K.\" Now, what you"}, {"start": "00:27:53", "end": "00:27:57", "text": "do? What do you do? What do you do? So"}, {"start": "00:27:55", "end": "00:27:58", "text": "start feel so sed. Oh no. This time I'm"}, {"start": "00:27:57", "end": "00:27:59", "text": "going to get it right. You're on my on"}, {"start": "00:27:58", "end": "00:28:02", "text": "my Okay. How you going to do it on your"}, {"start": "00:27:59", "end": "00:28:03", "text": "own? You You had four cycles to do it on"}, {"start": "00:28:02", "end": "00:28:05", "text": "your own. And this time you're really"}, {"start": "00:28:03", "end": "00:28:07", "text": "going to do Oh,"}, {"start": "00:28:05", "end": "00:28:10", "text": "get out of here. Anyway, look here. Any"}, {"start": "00:28:07", "end": "00:28:12", "text": "famous person any famous person that"}, {"start": "00:28:10", "end": "00:28:15", "text": "wants to do a memecoin without"}, {"start": "00:28:12", "end": "00:28:17", "text": "disastrous results should use unis swap"}, {"start": "00:28:15", "end": "00:28:18", "text": "CCA. It says the founder of unis swap."}, {"start": "00:28:17", "end": "00:28:21", "text": "And that's quite interesting. Let's see"}, {"start": "00:28:18", "end": "00:28:24", "text": "how this uh this works. Uh let's say if"}, {"start": "00:28:21", "end": "00:28:27", "text": "I'm Hunter and I want to do CCA. Look"}, {"start": "00:28:24", "end": "00:28:30", "text": "here. Uh CCA is unis swap's continuous"}, {"start": "00:28:27", "end": "00:28:32", "text": "clearing auction. Okay. It's a fair"}, {"start": "00:28:30", "end": "00:28:33", "text": "launch auction mechanism designed"}, {"start": "00:28:32", "end": "00:28:36", "text": "specifically so celebrity or"}, {"start": "00:28:33", "end": "00:28:40", "text": "high-profile meme coins do not get"}, {"start": "00:28:36", "end": "00:28:42", "text": "instantly destroyed by bots and snipers."}, {"start": "00:28:40", "end": "00:28:45", "text": "The way classic bonding curve or instant"}, {"start": "00:28:42", "end": "00:28:48", "text": "pool launches do. Okay. How it works."}, {"start": "00:28:45", "end": "00:28:51", "text": "Buyers submit bids over a set window"}, {"start": "00:28:48", "end": "00:28:52", "text": "often multi-our"}, {"start": "00:28:51", "end": "00:28:54", "text": "demand builds gradually instead of"}, {"start": "00:28:52", "end": "00:28:56", "text": "everyone rushing block one. Yeah. So"}, {"start": "00:28:54", "end": "00:28:59", "text": "this one is interesting. Clearing price"}, {"start": "00:28:56", "end": "00:29:00", "text": "is found. The auction continuously finds"}, {"start": "00:28:59", "end": "00:29:04", "text": "the price the market is actually willing"}, {"start": "00:29:00", "end": "00:29:05", "text": "to pay the real uh clearing level. So"}, {"start": "00:29:04", "end": "00:29:09", "text": "you know instead of trying to set what"}, {"start": "00:29:05", "end": "00:29:11", "text": "Hunter did very wrong he tried to set a"}, {"start": "00:29:09", "end": "00:29:13", "text": "a launch price and he need to add"}, {"start": "00:29:11", "end": "00:29:14", "text": "liquidity at the same time. So it kind"}, {"start": "00:29:13", "end": "00:29:16", "text": "of matches the supply and demand but"}, {"start": "00:29:14", "end": "00:29:18", "text": "it's hard to know the supply and demand."}, {"start": "00:29:16", "end": "00:29:22", "text": "And so here with unis swap mechanism"}, {"start": "00:29:18", "end": "00:29:25", "text": "according to to Hayden you have a you"}, {"start": "00:29:22", "end": "00:29:28", "text": "have a more safe way to find the balance"}, {"start": "00:29:25", "end": "00:29:30", "text": "before you launch. Now"}, {"start": "00:29:28", "end": "00:29:32", "text": "let's see low ball or runaway bits get"}, {"start": "00:29:30", "end": "00:29:33", "text": "handled by clearing logic rather than"}, {"start": "00:29:32", "end": "00:29:35", "text": "lacing the first bot settle. Yeah. So"}, {"start": "00:29:33", "end": "00:29:38", "text": "this is also very important uh because"}, {"start": "00:29:35", "end": "00:29:40", "text": "the snipers they rely on being first."}, {"start": "00:29:38", "end": "00:29:42", "text": "First when there's no liquidity there's"}, {"start": "00:29:40", "end": "00:29:44", "text": "no one really participating here you"}, {"start": "00:29:42", "end": "00:29:46", "text": "don't have that deep liquidity is seated"}, {"start": "00:29:44", "end": "00:29:49", "text": "at that exact price once the clearing"}, {"start": "00:29:46", "end": "00:29:52", "text": "price is set a substantial unit for pool"}, {"start": "00:29:49", "end": "00:29:53", "text": "is created and funded right away sniping"}, {"start": "00:29:52", "end": "00:29:55", "text": "resistance is built in because price is"}, {"start": "00:29:53", "end": "00:29:56", "text": "discovered first and liquidity is"}, {"start": "00:29:55", "end": "00:29:59", "text": "already deep when the pool goes live the"}, {"start": "00:29:56", "end": "00:30:00", "text": "classic dark forest attack is heavily"}, {"start": "00:29:59", "end": "00:30:05", "text": "reduced"}, {"start": "00:30:00", "end": "00:30:07", "text": "yeah so if you uh let me actually uh uh"}, {"start": "00:30:05", "end": "00:30:10", "text": "let me actually publish this uh I will"}, {"start": "00:30:07", "end": "00:30:13", "text": "call it unis swap CCA. Let me publish"}, {"start": "00:30:10", "end": "00:30:15", "text": "this as a report. And you guys, if you"}, {"start": "00:30:13", "end": "00:30:18", "text": "are interested,"}, {"start": "00:30:15", "end": "00:30:20", "text": "go to my Twitter. Go to my Twitter,"}, {"start": "00:30:18", "end": "00:30:22", "text": "follow me. I will now tweet the"}, {"start": "00:30:20", "end": "00:30:27", "text": "explanation"}, {"start": "00:30:22", "end": "00:30:30", "text": "uh explan explanation"}, {"start": "00:30:27", "end": "00:30:33", "text": "unis swap CCA. So you you can just go"}, {"start": "00:30:30", "end": "00:30:35", "text": "here. You can uh you can check this if"}, {"start": "00:30:33", "end": "00:30:38", "text": "you are interested."}, {"start": "00:30:35", "end": "00:30:41", "text": "Man, this this BoomA article, Boom AI"}, {"start": "00:30:38", "end": "00:30:42", "text": "article published based on a response."}, {"start": "00:30:41", "end": "00:30:45", "text": "It's so nice, guys. It's so nice. So, I"}, {"start": "00:30:42", "end": "00:30:48", "text": "mean, I I can I can share this bleeding"}, {"start": "00:30:45", "end": "00:30:50", "text": "edge research like like we just did here"}, {"start": "00:30:48", "end": "00:30:52", "text": "with you guys through a link like this."}, {"start": "00:30:50", "end": "00:30:54", "text": "And you see all of the like influencer,"}, {"start": "00:30:52", "end": "00:30:56", "text": "all of the uh tweets are all embedded."}, {"start": "00:30:54", "end": "00:30:59", "text": "So, yeah, in Bull Mania, all the members"}, {"start": "00:30:56", "end": "00:31:01", "text": "use it every day. Every day. Now,"}, {"start": "00:30:59", "end": "00:31:03", "text": "Bitcoin treasure company strategy"}, {"start": "00:31:01", "end": "00:31:04", "text": "surpasses financial giant JP Morgan in"}, {"start": "00:31:03", "end": "00:31:07", "text": "trading volume. That's quite"}, {"start": "00:31:04", "end": "00:31:08", "text": "interesting. If we look at MSTR as you"}, {"start": "00:31:07", "end": "00:31:11", "text": "know guys, now in bull market we are"}, {"start": "00:31:08", "end": "00:31:14", "text": "bullish MSTR. In bare market we're"}, {"start": "00:31:11", "end": "00:31:16", "text": "bearish. Now bull market we're bullish."}, {"start": "00:31:14", "end": "00:31:19", "text": "Okay, we're b we're bullish most things"}, {"start": "00:31:16", "end": "00:31:22", "text": "in bull market. So uh strategy did enter"}, {"start": "00:31:19", "end": "00:31:23", "text": "bull trend also uh dip down a bit just"}, {"start": "00:31:22", "end": "00:31:25", "text": "like Bitcoin dip down a bit but still"}, {"start": "00:31:23", "end": "00:31:27", "text": "it's a new bull trend. Bitcoin is also"}, {"start": "00:31:25", "end": "00:31:29", "text": "bull trend. So here for example this"}, {"start": "00:31:27", "end": "00:31:31", "text": "bull trend was a bit of fore because"}, {"start": "00:31:29", "end": "00:31:33", "text": "Bitcoin was still bearish but now"}, {"start": "00:31:31", "end": "00:31:35", "text": "Bitcoin is bullish and this is bullish."}, {"start": "00:31:33", "end": "00:31:37", "text": "So good, good, good. I think it's good."}, {"start": "00:31:35", "end": "00:31:40", "text": "Um, I'm not buying, by the way, because"}, {"start": "00:31:37", "end": "00:31:42", "text": "I cannot buy everything. If I want to go"}, {"start": "00:31:40", "end": "00:31:44", "text": "long or short Bitcoin with leverage,"}, {"start": "00:31:42", "end": "00:31:46", "text": "which which strategy is doing, you can"}, {"start": "00:31:44", "end": "00:31:48", "text": "do it yourself if you go to first link"}, {"start": "00:31:46", "end": "00:31:49", "text": "of description. First link of"}, {"start": "00:31:48", "end": "00:31:53", "text": "description,"}, {"start": "00:31:49", "end": "00:31:55", "text": "you see Kali Kalshi, you get nice u uh"}, {"start": "00:31:53", "end": "00:31:56", "text": "deal when you sign up. You support our"}, {"start": "00:31:55", "end": "00:31:58", "text": "channel. But here you can go long"}, {"start": "00:31:56", "end": "00:32:00", "text": "Bitcoin with leverage. It is US"}, {"start": "00:31:58", "end": "00:32:02", "text": "regulated. If you are in the US guys,"}, {"start": "00:32:00", "end": "00:32:05", "text": "this is the place for you. uh you have"}, {"start": "00:32:02", "end": "00:32:07", "text": "all of the tax documents generated for"}, {"start": "00:32:05", "end": "00:32:08", "text": "you. If you're not in the US, you still"}, {"start": "00:32:07", "end": "00:32:10", "text": "use it. It's still possible for you to"}, {"start": "00:32:08", "end": "00:32:12", "text": "use. So, US non US, everyone can use it,"}, {"start": "00:32:10", "end": "00:32:14", "text": "man. It's the is the is the best deal"}, {"start": "00:32:12", "end": "00:32:16", "text": "possible now for this coming bull market"}, {"start": "00:32:14", "end": "00:32:18", "text": "to have fully regulated US platform"}, {"start": "00:32:16", "end": "00:32:20", "text": "because I I I'm telling you every day"}, {"start": "00:32:18", "end": "00:32:22", "text": "someone is asking me what can I do in"}, {"start": "00:32:20", "end": "00:32:24", "text": "the US? What should I use? Now you have"}, {"start": "00:32:22", "end": "00:32:26", "text": "now you have perfect. So guys, that's"}, {"start": "00:32:24", "end": "00:32:30", "text": "that. Uh moving on, moving on. Uh brand"}, {"start": "00:32:26", "end": "00:32:33", "text": "oil up, diesel up, everything up, hormuz"}, {"start": "00:32:30", "end": "00:32:35", "text": "some problem. And there is this"}, {"start": "00:32:33", "end": "00:32:40", "text": "uh fruitfly."}, {"start": "00:32:35", "end": "00:32:44", "text": "Okay, so fruitfly it is let's see uh"}, {"start": "00:32:40", "end": "00:32:46", "text": "they made this AI basically. Okay, a a"}, {"start": "00:32:44", "end": "00:32:49", "text": "fruitfly a fruitfly simulator. They"}, {"start": "00:32:46", "end": "00:32:54", "text": "simulated a fruitfly"}, {"start": "00:32:49", "end": "00:32:58", "text": "brain. Okay. And uh it trades coins"}, {"start": "00:32:54", "end": "00:33:01", "text": "based on the neural response to the"}, {"start": "00:32:58", "end": "00:33:01", "text": "chart."}, {"start": "00:33:01", "end": "00:33:04", "text": "Let me see what happened here. Let me"}, {"start": "00:33:02", "end": "00:33:05", "text": "see what happened. Let's actually see"}, {"start": "00:33:04", "end": "00:33:07", "text": "what what is it doing because I haven't"}, {"start": "00:33:05", "end": "00:33:11", "text": "checked too much. I just saw that it it"}, {"start": "00:33:07", "end": "00:33:13", "text": "basically made this fruitfly and then"}, {"start": "00:33:11", "end": "00:33:16", "text": "you can try to outrade it. Just you know"}, {"start": "00:33:13", "end": "00:33:21", "text": "fruitfly brain reacting to the chart"}, {"start": "00:33:16", "end": "00:33:21", "text": "versus you trying to make money."}, {"start": "00:33:21", "end": "00:33:27", "text": "So what does it do? Launch token. Okay."}, {"start": "00:33:29", "end": "00:33:32", "text": "Ah or they shield their coin. Don't"}, {"start": "00:33:31", "end": "00:33:34", "text": "don't buy their coin. I don't know about"}, {"start": "00:33:32", "end": "00:33:36", "text": "their coin. But the idea was"}, {"start": "00:33:34", "end": "00:33:37", "text": "interesting. But don't don't buy their"}, {"start": "00:33:36", "end": "00:33:39", "text": "coin. Maybe it's scam. Who knows? Look"}, {"start": "00:33:37", "end": "00:33:42", "text": "here. Sana"}, {"start": "00:33:39", "end": "00:33:45", "text": "is doing a summit with uh SEC. There you"}, {"start": "00:33:42", "end": "00:33:47", "text": "go. Uh yeah, guys. I mean there's not"}, {"start": "00:33:45", "end": "00:33:48", "text": "much else to be to be fair. There's not"}, {"start": "00:33:47", "end": "00:33:50", "text": "not much else. We basically covered"}, {"start": "00:33:48", "end": "00:33:52", "text": "everything. To summarize, if we're to"}, {"start": "00:33:50", "end": "00:33:56", "text": "summarize, we have"}, {"start": "00:33:52", "end": "00:33:59", "text": "uh energy problems. There is increase in"}, {"start": "00:33:56", "end": "00:34:01", "text": "the fuel price, diesel, everything. Uh"}, {"start": "00:33:59", "end": "00:34:02", "text": "potentially problem with rate hikes for"}, {"start": "00:34:01", "end": "00:34:04", "text": "the stock market. We don't care about"}, {"start": "00:34:02", "end": "00:34:06", "text": "the rate hikes. I told you we don't care"}, {"start": "00:34:04", "end": "00:34:09", "text": "about them. Likely is the bottom. Likely"}, {"start": "00:34:06", "end": "00:34:11", "text": "we go up from here. We have uh Armstrong"}, {"start": "00:34:09", "end": "00:34:13", "text": "being bullish. Clarity act back and"}, {"start": "00:34:11", "end": "00:34:15", "text": "forth. Likely going to pass soon. Uh"}, {"start": "00:34:13", "end": "00:34:17", "text": "bullish. We're already bullish. We're"}, {"start": "00:34:15", "end": "00:34:19", "text": "already bullish. Ros bullish. Uh and"}, {"start": "00:34:17", "end": "00:34:21", "text": "then sailor has bull trend also. That's"}, {"start": "00:34:19", "end": "00:34:23", "text": "basically it. That's that's what's"}, {"start": "00:34:21", "end": "00:34:25", "text": "happened during the last 24 hours. Bonds"}, {"start": "00:34:23", "end": "00:34:27", "text": "bonds another important thing. Bonds are"}, {"start": "00:34:25", "end": "00:34:29", "text": "not doing that well. So the Fed will"}, {"start": "00:34:27", "end": "00:34:32", "text": "have to step in. Government will have to"}, {"start": "00:34:29", "end": "00:34:34", "text": "step in guys. Let's go to Q&A questions,"}, {"start": "00:34:32", "end": "00:34:37", "text": "answers, debates. Let's go. Big shout"}, {"start": "00:34:34", "end": "00:34:40", "text": "out. Big shout out to who? To Guzman for"}, {"start": "00:34:37", "end": "00:34:42", "text": "timestamping us today."}, {"start": "00:34:40", "end": "00:34:44", "text": "Guzman, how are you? Check, check,"}, {"start": "00:34:42", "end": "00:34:47", "text": "check. You're with us. Guzman is"}, {"start": "00:34:44", "end": "00:34:48", "text": "timestamping us. Uh, and also let me"}, {"start": "00:34:47", "end": "00:34:50", "text": "check quickly here. So, we didn't miss"}, {"start": "00:34:48", "end": "00:34:51", "text": "any big move if I check. Yeah, I mean"}, {"start": "00:34:50", "end": "00:34:53", "text": "nothing happened, guys. Nothing"}, {"start": "00:34:51", "end": "00:34:55", "text": "happened. There are no big moves. Boop,"}, {"start": "00:34:53", "end": "00:34:58", "text": "boop, boop. Nothing happened today. It's"}, {"start": "00:34:55", "end": "00:35:01", "text": "sideways. I'm just here to remind the"}, {"start": "00:34:58", "end": "00:35:02", "text": "plebe to follow the plan. Follow the"}, {"start": "00:35:01", "end": "00:35:05", "text": "plan. Stick to the plan. There is"}, {"start": "00:35:02", "end": "00:35:07", "text": "volatility. Ah, what's going to happen?"}, {"start": "00:35:05", "end": "00:35:09", "text": "We're going to go down. We're going to"}, {"start": "00:35:07", "end": "00:35:11", "text": "go down. What's Well, you should have a"}, {"start": "00:35:09", "end": "00:35:12", "text": "plan for everything. In bull menu, we"}, {"start": "00:35:11", "end": "00:35:15", "text": "teach all the time. What's your plan?"}, {"start": "00:35:12", "end": "00:35:16", "text": "What's your exit? And I'm very calm. How"}, {"start": "00:35:15", "end": "00:35:18", "text": "can we be so calm? It's it's it's it's"}, {"start": "00:35:16", "end": "00:35:21", "text": "volatile because if it goes down, we"}, {"start": "00:35:18", "end": "00:35:23", "text": "have a plan. If it moves, we have a"}, {"start": "00:35:21", "end": "00:35:26", "text": "plan. The probability is more towards"}, {"start": "00:35:23", "end": "00:35:28", "text": "the moon. But it could go down. It could"}, {"start": "00:35:26", "end": "00:35:32", "text": "go down like always. But probability is"}, {"start": "00:35:28", "end": "00:35:34", "text": "higher for a big fat Valhalla. And"}, {"start": "00:35:32", "end": "00:35:37", "text": "that's exactly exactly why we're here,"}, {"start": "00:35:34", "end": "00:35:39", "text": "guys. Let's go. Q&A"}, {"start": "00:35:37", "end": "00:35:42", "text": "questions and answers in the base. and"}, {"start": "00:35:39", "end": "00:35:46", "text": "Hunter. Dear dear, our dear Hunter, the"}, {"start": "00:35:42", "end": "00:35:49", "text": "sweet summer child messed up so bad."}, {"start": "00:35:46", "end": "00:35:49", "text": "Very very bad"}, {"start": "00:35:50", "end": "00:35:55", "text": "man. I think he got scammed so much. I I"}, {"start": "00:35:52", "end": "00:35:58", "text": "I even feel sorry for him in in small"}, {"start": "00:35:55", "end": "00:36:00", "text": "way because I don't think it's like with"}, {"start": "00:35:58", "end": "00:36:04", "text": "Javier Mle. I I think it was very"}, {"start": "00:36:00", "end": "00:36:04", "text": "similar there. is service providers."}, {"start": "00:36:05", "end": "00:36:10", "text": "Yeah, yeah, yeah, yeah."}, {"start": "00:36:08", "end": "00:36:13", "text": "You guys, guys, guys, guys."}, {"start": "00:36:10", "end": "00:36:16", "text": "Service provider smile. It's doggy doggy"}, {"start": "00:36:13", "end": "00:36:19", "text": "dog. You got to be super careful if you"}, {"start": "00:36:16", "end": "00:36:22", "text": "are non tech. See, I'm a computer"}, {"start": "00:36:19", "end": "00:36:24", "text": "scientist. I know how liquidity pool I"}, {"start": "00:36:22", "end": "00:36:28", "text": "on a technical level. I understand you"}, {"start": "00:36:24", "end": "00:36:31", "text": "are uh Joe Biden sound. You don't know a"}, {"start": "00:36:28", "end": "00:36:33", "text": "lot. You you don't know too much."}, {"start": "00:36:31", "end": "00:36:35", "text": "You are derping around. I don't know"}, {"start": "00:36:33", "end": "00:36:37", "text": "what you do. What was Hunter Biden?"}, {"start": "00:36:35", "end": "00:36:39", "text": "Listen, is Hunter Ber Biden educated?"}, {"start": "00:36:37", "end": "00:36:41", "text": "Let's see. Hunter Biden, is he educated?"}, {"start": "00:36:39", "end": "00:36:43", "text": "There's no education. He has no"}, {"start": "00:36:41", "end": "00:36:47", "text": "education. How he going to know"}, {"start": "00:36:43", "end": "00:36:51", "text": "anything? Where is his education?"}, {"start": "00:36:47", "end": "00:36:53", "text": "Graduate from Arime Academy, some"}, {"start": "00:36:51", "end": "00:36:55", "text": "Catholic school,"}, {"start": "00:36:53", "end": "00:36:58", "text": "Bachelor of Arts in History. See, this"}, {"start": "00:36:55", "end": "00:37:00", "text": "is not this is fake. This is fake."}, {"start": "00:36:58", "end": "00:37:02", "text": "Bachelor of Arts is not real. It's not"}, {"start": "00:37:00", "end": "00:37:04", "text": "math."}, {"start": "00:37:02", "end": "00:37:08", "text": "Everything that's non- STEM fake bach of"}, {"start": "00:37:04", "end": "00:37:11", "text": "or how how how this does uh how how is"}, {"start": "00:37:08", "end": "00:37:12", "text": "he going to do anything technical? How's"}, {"start": "00:37:11", "end": "00:37:15", "text": "he going to have control of anything?"}, {"start": "00:37:12", "end": "00:37:18", "text": "Whether his finance, whether his talking"}, {"start": "00:37:15", "end": "00:37:21", "text": "launch, he has no education. Bachelor of"}, {"start": "00:37:18", "end": "00:37:21", "text": "Arts in history."}, {"start": "00:37:22", "end": "00:37:28", "text": "What are you going to do with this?"}, {"start": "00:37:24", "end": "00:37:31", "text": "See, this is the West, guys. The West."}, {"start": "00:37:28", "end": "00:37:34", "text": "The west has basically scammed the young"}, {"start": "00:37:31", "end": "00:37:36", "text": "generation for decades. They tell you,"}, {"start": "00:37:34", "end": "00:37:39", "text": "\"Oh yeah, all educations are equal. You"}, {"start": "00:37:36", "end": "00:37:43", "text": "can be in arts. You can be in liberal"}, {"start": "00:37:39", "end": "00:37:45", "text": "arts. You can stand study gender."}, {"start": "00:37:43", "end": "00:37:49", "text": "It's all fake. All fake. The only real"}, {"start": "00:37:45", "end": "00:37:51", "text": "education is around STEM. Around STEM"}, {"start": "00:37:49", "end": "00:37:53", "text": "and lawyer and doctor, but around STEM."}, {"start": "00:37:51", "end": "00:37:56", "text": "So yours truly, I'm a computer"}, {"start": "00:37:53", "end": "00:37:59", "text": "scientist. STEM, you understand? Math."}, {"start": "00:37:56", "end": "00:38:00", "text": "You have a technical profession. You you"}, {"start": "00:37:59", "end": "00:38:02", "text": "you're you're a prof you you you're"}, {"start": "00:38:00", "end": "00:38:04", "text": "you're a professional at something."}, {"start": "00:38:02", "end": "00:38:08", "text": "Okay. STEM. You understand STEM? You"}, {"start": "00:38:04", "end": "00:38:10", "text": "don't understand math. Natural science."}, {"start": "00:38:08", "end": "00:38:11", "text": "That's real education."}, {"start": "00:38:10", "end": "00:38:14", "text": "Anything else, man? You can learn in"}, {"start": "00:38:11", "end": "00:38:15", "text": "free time. You can learn in free time."}, {"start": "00:38:14", "end": "00:38:19", "text": "Anything else? Anything else is easy"}, {"start": "00:38:15", "end": "00:38:21", "text": "math. If you know math, man, to study"}, {"start": "00:38:19", "end": "00:38:24", "text": "this history, what the hell? Archime"}, {"start": "00:38:21", "end": "00:38:26", "text": "Academy, Bachelor of Arts. You can you"}, {"start": "00:38:24", "end": "00:38:28", "text": "can do it in an afternoon because"}, {"start": "00:38:26", "end": "00:38:29", "text": "nothing is hard if it's not STEM. It's"}, {"start": "00:38:28", "end": "00:38:32", "text": "not hard, man. It's not hard. If you"}, {"start": "00:38:29", "end": "00:38:36", "text": "know STEM, you can learn anything. Easy,"}, {"start": "00:38:32", "end": "00:38:40", "text": "easy, easy, easy. Now, of course, Hunter"}, {"start": "00:38:36", "end": "00:38:45", "text": "trying to do a liquidity pool and token"}, {"start": "00:38:40", "end": "00:38:45", "text": "with Bachelor of Arts. Impossible."}, {"start": "00:38:46", "end": "00:38:52", "text": "There's no education."}, {"start": "00:38:49", "end": "00:38:53", "text": "But he has pardon. He has pardon,"}, {"start": "00:38:52", "end": "00:38:55", "text": "conviction, crimes. Okay. Okay. Let's"}, {"start": "00:38:53", "end": "00:38:57", "text": "see."}, {"start": "00:38:55", "end": "00:38:59", "text": "Man, how this guy is going to redeem the"}, {"start": "00:38:57", "end": "00:39:04", "text": "coin."}, {"start": "00:38:59", "end": "00:39:07", "text": "So, let's see. Early life and education."}, {"start": "00:39:04", "end": "00:39:09", "text": "The Biden boys. Oh, yeah. By the way, Bo"}, {"start": "00:39:07", "end": "00:39:11", "text": "passed away. Big sh I mean, condolences."}, {"start": "00:39:09", "end": "00:39:12", "text": "And yeah, it's"}, {"start": "00:39:11", "end": "00:39:15", "text": "I mean, you know, Joe Biden, he's"}, {"start": "00:39:12", "end": "00:39:16", "text": "actually a u Yeah. I mean, he's like,"}, {"start": "00:39:15", "end": "00:39:22", "text": "you know, family man. He has the the"}, {"start": "00:39:16", "end": "00:39:26", "text": "kids. Yeah. So yeah. Uh"}, {"start": "00:39:22", "end": "00:39:27", "text": "yeah. So Bo unfortunately passed away"}, {"start": "00:39:26", "end": "00:39:32", "text": "but Hunter is here. So anyway, let's"}, {"start": "00:39:27", "end": "00:39:32", "text": "check Hunter. Hunter. Hunter."}, {"start": "00:39:34", "end": "00:39:39", "text": "Yeah. Drugs and alcohol. He went"}, {"start": "00:39:36", "end": "00:39:41", "text": "treatment for alcoholism."}, {"start": "00:39:39", "end": "00:39:42", "text": "Relapse several."}, {"start": "00:39:41", "end": "00:39:46", "text": "Yeah. I mean it's tough. You know we"}, {"start": "00:39:42", "end": "00:39:49", "text": "joke about uh Yeah. Should we see B?"}, {"start": "00:39:46", "end": "00:39:51", "text": "You know, we joke about Hunter, but it's"}, {"start": "00:39:49", "end": "00:39:53", "text": "uh it's it's not fun. I mean, it's uh"}, {"start": "00:39:51", "end": "00:39:55", "text": "it's very serious. The situation is very"}, {"start": "00:39:53", "end": "00:39:59", "text": "very serious. Very very serious. So,"}, {"start": "00:39:55", "end": "00:40:01", "text": "yeah. But man, even if I feel sympathy"}, {"start": "00:39:59", "end": "00:40:03", "text": "for for Hunter,"}, {"start": "00:40:01", "end": "00:40:05", "text": "I mean, based on the situ, but at the"}, {"start": "00:40:03", "end": "00:40:08", "text": "same time, you know, he's a grown ass"}, {"start": "00:40:05", "end": "00:40:09", "text": "man. Okay? You I cannot cry for you. You"}, {"start": "00:40:08", "end": "00:40:11", "text": "know, you're a grown ass man, man. You"}, {"start": "00:40:09", "end": "00:40:12", "text": "know, fix yourself. Fix yourself. No, I"}, {"start": "00:40:11", "end": "00:40:13", "text": "mean, at the end of the day, grown ass"}, {"start": "00:40:12", "end": "00:40:15", "text": "man, no one cares about you. If you're a"}, {"start": "00:40:13", "end": "00:40:17", "text": "grown ass man, guys, no one cares about"}, {"start": "00:40:15", "end": "00:40:19", "text": "you. You fix yourself. Good. You don't"}, {"start": "00:40:17", "end": "00:40:21", "text": "fix. No one cares. No one cares. No one"}, {"start": "00:40:19", "end": "00:40:24", "text": "cares. You're not a golden retriever."}, {"start": "00:40:21", "end": "00:40:26", "text": "Okay. I have two golden retrievers for"}, {"start": "00:40:24", "end": "00:40:28", "text": "them. You know, people love them. You"}, {"start": "00:40:26", "end": "00:40:32", "text": "know, it's ask a grown ass dude, man."}, {"start": "00:40:28", "end": "00:40:35", "text": "You either you fix yourself or fito."}, {"start": "00:40:32", "end": "00:40:38", "text": "Okay. So, by feeling sorry for a grown"}, {"start": "00:40:35", "end": "00:40:39", "text": "ass man, I don't like it because then he"}, {"start": "00:40:38", "end": "00:40:41", "text": "doesn't understand that it's up to him."}, {"start": "00:40:39", "end": "00:40:44", "text": "But let's see. He's trying to scam now"}, {"start": "00:40:41", "end": "00:40:46", "text": "with the Hunter Blapcoin."}, {"start": "00:40:44", "end": "00:40:47", "text": "Make some money. Anyway guys, let's move"}, {"start": "00:40:46", "end": "00:40:51", "text": "on. I don't know what we're speaking"}, {"start": "00:40:47", "end": "00:40:51", "text": "about. Let's go to Q&A."}, {"start": "00:40:53", "end": "00:40:57", "text": "Let's go to Q&A."}, {"start": "00:40:59", "end": "00:41:03", "text": "Why do you drink coffee? Yeah, I I"}, {"start": "00:41:01", "end": "00:41:05", "text": "haven't found a stylish bull market."}, {"start": "00:41:03", "end": "00:41:06", "text": "Actually, I haven't found a stylish."}, {"start": "00:41:05", "end": "00:41:08", "text": "This one is very nice. This one, you"}, {"start": "00:41:06", "end": "00:41:09", "text": "see, you see how stylish it is? I like I"}, {"start": "00:41:08", "end": "00:41:12", "text": "like how it looks. The design is very"}, {"start": "00:41:09", "end": "00:41:12", "text": "nice."}, {"start": "00:41:13", "end": "00:41:17", "text": "Maybe we should keep it to remind"}, {"start": "00:41:15", "end": "00:41:20", "text": "ourselves that in the bull we're"}, {"start": "00:41:17", "end": "00:41:22", "text": "bullish, but the bear is going to come"}, {"start": "00:41:20", "end": "00:41:26", "text": "at some point. Then come at some point."}, {"start": "00:41:22", "end": "00:41:26", "text": "Big shout to golden shiver. Exactly."}, {"start": "00:41:27", "end": "00:41:31", "text": "Yeah. So, uh yeah, I haven't found a"}, {"start": "00:41:29", "end": "00:41:33", "text": "similar one for with the bull. You you"}, {"start": "00:41:31", "end": "00:41:39", "text": "Let's see if I can focus, man. So nice."}, {"start": "00:41:33", "end": "00:41:39", "text": "So nice. So nice. I I like lotion."}, {"start": "00:41:41", "end": "00:41:45", "text": "Will Bulmania have an option to follow"}, {"start": "00:41:43", "end": "00:41:48", "text": "or copy trades to follow or copy trade"}, {"start": "00:41:45", "end": "00:41:50", "text": "successful traders? I mean you can do it"}, {"start": "00:41:48", "end": "00:41:53", "text": "on uh different exchanges. You can do it"}, {"start": "00:41:50", "end": "00:41:55", "text": "on chain I guess with like FOMO app but"}, {"start": "00:41:53", "end": "00:41:58", "text": "our strategy is not about copy trading"}, {"start": "00:41:55", "end": "00:41:59", "text": "because copy trading I mean listen if"}, {"start": "00:41:58", "end": "00:42:01", "text": "copy trading would work everyone would"}, {"start": "00:41:59", "end": "00:42:02", "text": "be rich. Instead you need mechanical"}, {"start": "00:42:01", "end": "00:42:06", "text": "rules. We're about mechanical rules not"}, {"start": "00:42:02", "end": "00:42:07", "text": "copy trading. uh copy trading it's the"}, {"start": "00:42:06", "end": "00:42:10", "text": "reason why it doesn't work for most"}, {"start": "00:42:07", "end": "00:42:12", "text": "people is because they don't understand"}, {"start": "00:42:10", "end": "00:42:14", "text": "what they're doing what they're doing I"}, {"start": "00:42:12", "end": "00:42:16", "text": "mean copy trading you you copy trade"}, {"start": "00:42:14", "end": "00:42:17", "text": "someone you don't know what other"}, {"start": "00:42:16", "end": "00:42:21", "text": "positions he has you don't know his"}, {"start": "00:42:17", "end": "00:42:23", "text": "total allocation etc etc etc so uh for"}, {"start": "00:42:21", "end": "00:42:25", "text": "most people actually copy trading is"}, {"start": "00:42:23", "end": "00:42:27", "text": "more or less a trap if you don't if you"}, {"start": "00:42:25", "end": "00:42:29", "text": "do it incorrectly maybe there is a way"}, {"start": "00:42:27", "end": "00:42:30", "text": "that you can apply I'm thinking just now"}, {"start": "00:42:29", "end": "00:42:33", "text": "what we teach in Bulmania the mechanical"}, {"start": "00:42:30", "end": "00:42:35", "text": "rules are strategies can you like see a"}, {"start": "00:42:33", "end": "00:42:36", "text": "coin opportunity and still apply the"}, {"start": "00:42:35", "end": "00:42:38", "text": "same rules with the exit and everything."}, {"start": "00:42:36", "end": "00:42:41", "text": "So you have your own you have your own"}, {"start": "00:42:38", "end": "00:42:43", "text": "control you have your own control uh of"}, {"start": "00:42:41", "end": "00:42:45", "text": "the trade I think that could work that"}, {"start": "00:42:43", "end": "00:42:47", "text": "could be interesting but if you just"}, {"start": "00:42:45", "end": "00:42:48", "text": "copy trade and you don't have control of"}, {"start": "00:42:47", "end": "00:42:51", "text": "your of the trade like you don't"}, {"start": "00:42:48", "end": "00:42:53", "text": "understand the thesis the take profit"}, {"start": "00:42:51", "end": "00:42:56", "text": "the the every you don't understand"}, {"start": "00:42:53", "end": "00:42:59", "text": "anything just like Hunter Biden has arts"}, {"start": "00:42:56", "end": "00:43:01", "text": "in what is it degree in art in the"}, {"start": "00:42:59", "end": "00:43:03", "text": "history he doesn't understand too much"}, {"start": "00:43:01", "end": "00:43:04", "text": "the same is with you you don't"}, {"start": "00:43:03", "end": "00:43:06", "text": "understand too much if you just copy"}, {"start": "00:43:04", "end": "00:43:08", "text": "trade you understand copy trade amazing"}, {"start": "00:43:06", "end": "00:43:10", "text": "is like you having liberal art degree"}, {"start": "00:43:08", "end": "00:43:12", "text": "and you want to get a proper uh"}, {"start": "00:43:10", "end": "00:43:14", "text": "profession whether business or non-b"}, {"start": "00:43:12", "end": "00:43:17", "text": "businessiness with liberal art we're"}, {"start": "00:43:14", "end": "00:43:22", "text": "going to go liberal liberal art there's"}, {"start": "00:43:17", "end": "00:43:24", "text": "nowhere to go so but yeah anyway so as"}, {"start": "00:43:22", "end": "00:43:26", "text": "uh if you get a kid don't tell don't"}, {"start": "00:43:24", "end": "00:43:28", "text": "tell them to go liberal art they need to"}, {"start": "00:43:26", "end": "00:43:31", "text": "go stem STEM stem STEM then if they want"}, {"start": "00:43:28", "end": "00:43:33", "text": "art you can do art anyone can do art man"}, {"start": "00:43:31", "end": "00:43:36", "text": "in free time you can do art you can go"}, {"start": "00:43:33", "end": "00:43:39", "text": "art class can do art"}, {"start": "00:43:36", "end": "00:43:42", "text": "Uh, let's go. Let's go, guys. I'm a bit"}, {"start": "00:43:39", "end": "00:43:44", "text": "late today. Looking at CME, Robin Hood,"}, {"start": "00:43:42", "end": "00:43:47", "text": "memecoin or utility."}, {"start": "00:43:44", "end": "00:43:52", "text": "Looking at CME, Robin Hood memecoin."}, {"start": "00:43:47", "end": "00:43:54", "text": "See, uh, I don't understand. There's a"}, {"start": "00:43:52", "end": "00:43:56", "text": "memecoin that that is called that or"}, {"start": "00:43:54", "end": "00:43:58", "text": "what? Let me check the the meme coins on"}, {"start": "00:43:56", "end": "00:44:01", "text": "Robin Hood. You have the fly brain. It"}, {"start": "00:43:58", "end": "00:44:07", "text": "is this thing we just saw with the with"}, {"start": "00:44:01", "end": "00:44:10", "text": "the uh um with the fly uh fruit fly"}, {"start": "00:44:07", "end": "00:44:12", "text": "um down. Let's see 24 hours. Oh, it just"}, {"start": "00:44:10", "end": "00:44:14", "text": "launched. Okay, it just launched 14"}, {"start": "00:44:12", "end": "00:44:18", "text": "hours ago."}, {"start": "00:44:14", "end": "00:44:21", "text": "Uh the this fly then you have serious."}, {"start": "00:44:18", "end": "00:44:23", "text": "Yeah, this these are the ones. Two two"}, {"start": "00:44:21", "end": "00:44:27", "text": "billion volume. Sana, how much volume?"}, {"start": "00:44:23", "end": "00:44:27", "text": "Six billion."}, {"start": "00:44:27", "end": "00:44:30", "text": "Let's check pawns by the way. What"}, {"start": "00:44:28", "end": "00:44:33", "text": "happened to pawns? Is pawns still in"}, {"start": "00:44:30", "end": "00:44:33", "text": "this room with us"}, {"start": "00:44:33", "end": "00:44:37", "text": "pawns USD?"}, {"start": "00:44:38", "end": "00:44:42", "text": "Let's check hourly"}, {"start": "00:44:40", "end": "00:44:46", "text": "pawns a bit of a bare trend but bad but"}, {"start": "00:44:42", "end": "00:44:48", "text": "but may resume the bulla very soon."}, {"start": "00:44:46", "end": "00:44:49", "text": "Ah let's see where it bottoms out. It's"}, {"start": "00:44:48", "end": "00:44:51", "text": "bare trend now. It could go down even"}, {"start": "00:44:49", "end": "00:44:54", "text": "further but as soon as bull trend"}, {"start": "00:44:51", "end": "00:44:54", "text": "fantastic"}, {"start": "00:45:01", "end": "00:45:05", "text": "Google man saying it would be more"}, {"start": "00:45:02", "end": "00:45:07", "text": "seeing where attention is. Go to foromo"}, {"start": "00:45:05", "end": "00:45:09", "text": "app the there there is we actually have"}, {"start": "00:45:07", "end": "00:45:11", "text": "go to my video from yesterday. There is"}, {"start": "00:45:09", "end": "00:45:13", "text": "a foromo app link at the top from the"}, {"start": "00:45:11", "end": "00:45:14", "text": "video from yesterday. There you can see"}, {"start": "00:45:13", "end": "00:45:16", "text": "what what kind of shitcoin people are"}, {"start": "00:45:14", "end": "00:45:18", "text": "buying."}, {"start": "00:45:16", "end": "00:45:21", "text": "But yeah, all in all, copy trading it's"}, {"start": "00:45:18", "end": "00:45:24", "text": "it's inferior. It's a it's a inferior uh"}, {"start": "00:45:21", "end": "00:45:26", "text": "strategy to uh seeing what's happening"}, {"start": "00:45:24", "end": "00:45:29", "text": "in the chart, seeing what's flipping"}, {"start": "00:45:26", "end": "00:45:32", "text": "bullish, etc., etc. And then to see"}, {"start": "00:45:29", "end": "00:45:34", "text": "where the tension is, you ask bullman AI"}, {"start": "00:45:32", "end": "00:45:36", "text": "based on bull flips because bull flip"}, {"start": "00:45:34", "end": "00:45:38", "text": "means that there is demand. There is"}, {"start": "00:45:36", "end": "00:45:39", "text": "clear demand. Then you ask bullman AI"}, {"start": "00:45:38", "end": "00:45:41", "text": "what's happening? Where's the most"}, {"start": "00:45:39", "end": "00:45:43", "text": "attention? Fantastic. Fantastic. But"}, {"start": "00:45:41", "end": "00:45:46", "text": "yeah, I mean for this like meme sh meme"}, {"start": "00:45:43", "end": "00:45:49", "text": "stuff meme stuff if you want to be, you"}, {"start": "00:45:46", "end": "00:45:51", "text": "know, playing in the dirt, so to speak."}, {"start": "00:45:49", "end": "00:45:53", "text": "And by the way, I nothing against that,"}, {"start": "00:45:51", "end": "00:45:55", "text": "but it's it's it's just um it's it's"}, {"start": "00:45:53", "end": "00:45:57", "text": "more gamble, you know, it's more gamble,"}, {"start": "00:45:55", "end": "00:45:58", "text": "but it's you can still be there, but"}, {"start": "00:45:57", "end": "00:46:00", "text": "there you see on like the FOMO app"}, {"start": "00:45:58", "end": "00:46:01", "text": "what's what people are trading, but you"}, {"start": "00:46:00", "end": "00:46:02", "text": "have to be fast there. You know, today"}, {"start": "00:46:01", "end": "00:46:03", "text": "they're trading this, tomorrow there's"}, {"start": "00:46:02", "end": "00:46:05", "text": "something else. You know, today's fly"}, {"start": "00:46:03", "end": "00:46:09", "text": "brain, this fruit fly, tomorrow no one"}, {"start": "00:46:05", "end": "00:46:09", "text": "cares about fruitfly."}, {"start": "00:46:18", "end": "00:46:25", "text": "Definitely feel copy trade is a path to"}, {"start": "00:46:20", "end": "00:46:29", "text": "disappointment and angry users."}, {"start": "00:46:25", "end": "00:46:30", "text": "Yo yo string stringberg what's up? Good"}, {"start": "00:46:29", "end": "00:46:31", "text": "to see you. Good to see you. How is"}, {"start": "00:46:30", "end": "00:46:33", "text": "polot man? You're still in polot. Oh no"}, {"start": "00:46:31", "end": "00:46:35", "text": "no no you said you're not in pol. Yeah"}, {"start": "00:46:33", "end": "00:46:37", "text": "yeah yeah polka do is not doing well."}, {"start": "00:46:35", "end": "00:46:40", "text": "Yeah. I mean and another thing with I"}, {"start": "00:46:37", "end": "00:46:43", "text": "think okay thinking about bulmania"}, {"start": "00:46:40", "end": "00:46:47", "text": "we are the bullmania is like a gift to"}, {"start": "00:46:43", "end": "00:46:48", "text": "humanity. It teaches the plebbe the who"}, {"start": "00:46:47", "end": "00:46:51", "text": "doesn't know anything about trading how"}, {"start": "00:46:48", "end": "00:46:53", "text": "to trade. Of course if you just have"}, {"start": "00:46:51", "end": "00:46:55", "text": "copy trading it removes that purpose. It"}, {"start": "00:46:53", "end": "00:46:57", "text": "becomes yet again the plebe gets cooked"}, {"start": "00:46:55", "end": "00:46:59", "text": "because he wants he sees something"}, {"start": "00:46:57", "end": "00:47:02", "text": "shiny. Oh copy trade copy trade. He gets"}, {"start": "00:46:59", "end": "00:47:04", "text": "cooked man. He gets cooked. So that"}, {"start": "00:47:02", "end": "00:47:08", "text": "would be actually against our philosophy"}, {"start": "00:47:04", "end": "00:47:12", "text": "of mechanical rules. But if you apply"}, {"start": "00:47:08", "end": "00:47:14", "text": "mechanical rules on a new bull trend"}, {"start": "00:47:12", "end": "00:47:18", "text": "where there's also some entries from"}, {"start": "00:47:14", "end": "00:47:20", "text": "smart wallets, why not? At the same"}, {"start": "00:47:18", "end": "00:47:22", "text": "time, it would add complexity. It would"}, {"start": "00:47:20", "end": "00:47:25", "text": "add like we have bulman AI to check"}, {"start": "00:47:22", "end": "00:47:27", "text": "what's what's going on. So we want a"}, {"start": "00:47:25", "end": "00:47:29", "text": "simple system. Simplicity over"}, {"start": "00:47:27", "end": "00:47:31", "text": "complexity. Keep it simple."}, {"start": "00:47:29", "end": "00:47:33", "text": "responsibility for your own trade, not"}, {"start": "00:47:31", "end": "00:47:34", "text": "copy copy trade mindlessly because"}, {"start": "00:47:33", "end": "00:47:36", "text": "you're going to you're going to get"}, {"start": "00:47:34", "end": "00:47:38", "text": "wrecked. So yeah, learn learn very"}, {"start": "00:47:36", "end": "00:47:42", "text": "important. But yeah, thanks Guzman for"}, {"start": "00:47:38", "end": "00:47:43", "text": "ideas uh is good. But uh that that's"}, {"start": "00:47:42", "end": "00:47:45", "text": "that's my current view. But let's see"}, {"start": "00:47:43", "end": "00:47:47", "text": "let's see if the bull bull market"}, {"start": "00:47:45", "end": "00:47:48", "text": "continues. Maybe there are there is"}, {"start": "00:47:47", "end": "00:47:51", "text": "something that makes sense. I mean what"}, {"start": "00:47:48", "end": "00:47:55", "text": "would make sense is to add this you know"}, {"start": "00:47:51", "end": "00:47:57", "text": "smart wallets from like FOMO into bull"}, {"start": "00:47:55", "end": "00:47:58", "text": "mania AI. That's probably the solution"}, {"start": "00:47:57", "end": "00:48:00", "text": "by the way. That's probably the solution"}, {"start": "00:47:58", "end": "00:48:02", "text": "because the problem is that you when you"}, {"start": "00:48:00", "end": "00:48:04", "text": "have let's say 20 coins that feel"}, {"start": "00:48:02", "end": "00:48:05", "text": "bullish at the same time you need to"}, {"start": "00:48:04", "end": "00:48:07", "text": "choose a few of them you cannot be in"}, {"start": "00:48:05", "end": "00:48:08", "text": "all of them and that's where bullmania"}, {"start": "00:48:07", "end": "00:48:10", "text": "AI comes in because then you ask"}, {"start": "00:48:08", "end": "00:48:12", "text": "bulmania AI okay which one has the most"}, {"start": "00:48:10", "end": "00:48:15", "text": "momentum on socials where is the biggest"}, {"start": "00:48:12", "end": "00:48:17", "text": "community etc and imagine if you also"}, {"start": "00:48:15", "end": "00:48:19", "text": "could see the smart wallets you can also"}, {"start": "00:48:17", "end": "00:48:20", "text": "see where the most smart wallets are I"}, {"start": "00:48:19", "end": "00:48:22", "text": "mean that that that would be something"}, {"start": "00:48:20", "end": "00:48:24", "text": "that would be something but at the same"}, {"start": "00:48:22", "end": "00:48:26", "text": "time you see with the copy trading and"}, {"start": "00:48:24", "end": "00:48:28", "text": "smart wallets it only works for onchain"}, {"start": "00:48:26", "end": "00:48:30", "text": "coins And most coins people trade, it's"}, {"start": "00:48:28", "end": "00:48:32", "text": "like ada, you know, it's like they want"}, {"start": "00:48:30", "end": "00:48:33", "text": "XRP. That's what we learned with Morales"}, {"start": "00:48:32", "end": "00:48:35", "text": "money back in the day. You remember we"}, {"start": "00:48:33", "end": "00:48:38", "text": "had Morales money. With Morales money,"}, {"start": "00:48:35", "end": "00:48:39", "text": "we only had onchain stuff. But people"}, {"start": "00:48:38", "end": "00:48:41", "text": "most most people they want to trade like"}, {"start": "00:48:39", "end": "00:48:46", "text": "you know the top coins and top coins is"}, {"start": "00:48:41", "end": "00:48:48", "text": "like um uh yeah like ADA,"}, {"start": "00:48:46", "end": "00:48:52", "text": "XRP,"}, {"start": "00:48:48", "end": "00:48:54", "text": "Zcash, Hyperlquid, etc., etc. Dogecoin"}, {"start": "00:48:52", "end": "00:48:56", "text": "Dogecoin. So this feature would be more"}, {"start": "00:48:54", "end": "00:48:59", "text": "like for a subset of users that that"}, {"start": "00:48:56", "end": "00:49:01", "text": "want to be uh onchain on chain like"}, {"start": "00:48:59", "end": "00:49:03", "text": "trade those coins that are from onchain."}, {"start": "00:49:01", "end": "00:49:06", "text": "But yeah, good stuff. Good stuff. I I'll"}, {"start": "00:49:03", "end": "00:49:10", "text": "think about it. I'll think about that."}, {"start": "00:49:06", "end": "00:49:12", "text": "Uh check Zcat. Let's see. Zcat. Zcat it"}, {"start": "00:49:10", "end": "00:49:14", "text": "has on trades view or we have to go to"}, {"start": "00:49:12", "end": "00:49:16", "text": "the screener. Let's see. Anonymous cat."}, {"start": "00:49:14", "end": "00:49:18", "text": "Yeah, Maxi has it. Maxi has it. Yeah,"}, {"start": "00:49:16", "end": "00:49:20", "text": "it's"}, {"start": "00:49:18", "end": "00:49:21", "text": "Yeah, I miss you yourself. You see"}, {"start": "00:49:20", "end": "00:49:23", "text": "yourself. So it's it's kind of in a"}, {"start": "00:49:21", "end": "00:49:27", "text": "range but kind of yeah sideways and"}, {"start": "00:49:23", "end": "00:49:29", "text": "going down and not too good this uh"}, {"start": "00:49:27", "end": "00:49:31", "text": "yeah doesn't look too good. Let's see if"}, {"start": "00:49:29", "end": "00:49:33", "text": "Dex screener has like a longer chart but"}, {"start": "00:49:31", "end": "00:49:37", "text": "because"}, {"start": "00:49:33", "end": "00:49:39", "text": "let's see anonymous sorry Zcat Zcat not"}, {"start": "00:49:37", "end": "00:49:42", "text": "Gat Zcat"}, {"start": "00:49:39", "end": "00:49:45", "text": "Zcat let's see"}, {"start": "00:49:42", "end": "00:49:48", "text": "let's see if this is a chart that makes"}, {"start": "00:49:45", "end": "00:49:50", "text": "more sense."}, {"start": "00:49:48", "end": "00:49:53", "text": "Uh"}, {"start": "00:49:50", "end": "00:49:54", "text": "yeah. So actually yeah the make C chart"}, {"start": "00:49:53", "end": "00:49:58", "text": "doesn't have this runup but all in all"}, {"start": "00:49:54", "end": "00:50:00", "text": "you can still use it. Uh the MAC C chart"}, {"start": "00:49:58", "end": "00:50:02", "text": "is like this."}, {"start": "00:50:00", "end": "00:50:04", "text": "Uh I don't know man. Like it's already"}, {"start": "00:50:02", "end": "00:50:06", "text": "pumped. It's consolidating. There are"}, {"start": "00:50:04", "end": "00:50:08", "text": "probably going to be new memes. You know"}, {"start": "00:50:06", "end": "00:50:10", "text": "this meme launched when six time. It's"}, {"start": "00:50:08", "end": "00:50:12", "text": "like launched five days ago. Yeah. I I"}, {"start": "00:50:10", "end": "00:50:13", "text": "mean if you want you could monitor it."}, {"start": "00:50:12", "end": "00:50:15", "text": "When it goes bull you can be bullish."}, {"start": "00:50:13", "end": "00:50:16", "text": "But it's see this is the problem with me"}, {"start": "00:50:15", "end": "00:50:18", "text": "because there's going to be another one"}, {"start": "00:50:16", "end": "00:50:20", "text": "tomorrow. Will anyone care about this"}, {"start": "00:50:18", "end": "00:50:21", "text": "anonymous cat in a week? Maybe they"}, {"start": "00:50:20", "end": "00:50:23", "text": "will. Maybe they will. But you're going"}, {"start": "00:50:21", "end": "00:50:26", "text": "to know it if it is bullish. Now it's"}, {"start": "00:50:23", "end": "00:50:26", "text": "bearish."}, {"start": "00:50:29", "end": "00:50:33", "text": "Polygon chart. Polygon chart. Let's go"}, {"start": "00:50:30", "end": "00:50:35", "text": "to polygon chart."}, {"start": "00:50:33", "end": "00:50:38", "text": "I believe it flipped bullish the other"}, {"start": "00:50:35", "end": "00:50:40", "text": "day if I remember correctly on the Let's"}, {"start": "00:50:38", "end": "00:50:42", "text": "see on the weekly"}, {"start": "00:50:40", "end": "00:50:46", "text": "one week."}, {"start": "00:50:42", "end": "00:50:46", "text": "Yeah. Yeah. Yeah."}, {"start": "00:50:46", "end": "00:50:50", "text": "flip bullish but you see retraced a bit."}, {"start": "00:50:48", "end": "00:50:51", "text": "So all in all bullish but if you haven't"}, {"start": "00:50:50", "end": "00:50:54", "text": "entered it I wouldn't enter until it"}, {"start": "00:50:51", "end": "00:50:55", "text": "goes above the yellow line. If you enter"}, {"start": "00:50:54", "end": "00:50:58", "text": "it then you have stop loss you have"}, {"start": "00:50:55", "end": "00:51:00", "text": "mechanical rules etc etc but the uh"}, {"start": "00:50:58", "end": "00:51:04", "text": "overall bullish"}, {"start": "00:51:00", "end": "00:51:05", "text": "so positive but for it to if you if"}, {"start": "00:51:04", "end": "00:51:09", "text": "you're not in polygon now I would"}, {"start": "00:51:05", "end": "00:51:09", "text": "actually wait for it to go above here."}, {"start": "00:51:15", "end": "00:51:20", "text": "How do you see on lishak ono"}, {"start": "00:51:18", "end": "00:51:21", "text": "sound from Cape Town? Fantastic."}, {"start": "00:51:20", "end": "00:51:23", "text": "Fantastic."}, {"start": "00:51:21", "end": "00:51:26", "text": "Big shout out to Cape Town. Oh, very"}, {"start": "00:51:23", "end": "00:51:28", "text": "similar to Polygon by the way. This copy"}, {"start": "00:51:26", "end": "00:51:29", "text": "paste the same answer from Polygon. I"}, {"start": "00:51:28", "end": "00:51:31", "text": "will not reexplain to you. But you see"}, {"start": "00:51:29", "end": "00:51:34", "text": "there's there's kind of similar"}, {"start": "00:51:31", "end": "00:51:34", "text": "situation"}, {"start": "00:51:35", "end": "00:51:41", "text": "bullish but uh just consolidating here."}, {"start": "00:51:39", "end": "00:51:43", "text": "So"}, {"start": "00:51:41", "end": "00:51:46", "text": "if it gets above this breakout, the bull"}, {"start": "00:51:43", "end": "00:51:48", "text": "flip again, good. Good. But yeah,"}, {"start": "00:51:46", "end": "00:51:50", "text": "overall bullish. Uh let's see. ICP, I"}, {"start": "00:51:48", "end": "00:51:52", "text": "mean many things are are turning bullish"}, {"start": "00:51:50", "end": "00:51:58", "text": "now, guys. It's time to be more bullish"}, {"start": "00:51:52", "end": "00:51:58", "text": "than bearish. ICP Ban. So stay away."}, {"start": "00:51:59", "end": "00:52:02", "text": "Oh yeah, let's check this one. Guzman"}, {"start": "00:52:00", "end": "00:52:06", "text": "from this the last one. Let's check what"}, {"start": "00:52:02", "end": "00:52:08", "text": "Elo said about the old coins because now"}, {"start": "00:52:06", "end": "00:52:10", "text": "I love Elo, but he has also a coin that"}, {"start": "00:52:08", "end": "00:52:12", "text": "is old."}, {"start": "00:52:10", "end": "00:52:16", "text": "But big shout out to Elo. I think he's"}, {"start": "00:52:12", "end": "00:52:16", "text": "going to do great things this cycle."}, {"start": "00:52:16", "end": "00:52:23", "text": "And you see"}, {"start": "00:52:19", "end": "00:52:26", "text": "I I mean I I'm I'm thinking about"}, {"start": "00:52:23", "end": "00:52:28", "text": "Yeah. I mean I with some coins I agree"}, {"start": "00:52:26", "end": "00:52:34", "text": "with some coins that are still there. I"}, {"start": "00:52:28", "end": "00:52:36", "text": "agree uh with Super probably he's"}, {"start": "00:52:34", "end": "00:52:38", "text": "uh I I think he's truthfully bullish on"}, {"start": "00:52:36", "end": "00:52:40", "text": "Super because he knows that everything"}, {"start": "00:52:38", "end": "00:52:43", "text": "is all of the lockups everyone who"}, {"start": "00:52:40", "end": "00:52:44", "text": "wanted to dump already dump. I mean"}, {"start": "00:52:43", "end": "00:52:46", "text": "that's how I see I see it more as a"}, {"start": "00:52:44", "end": "00:52:49", "text": "message to the super guys, to the super"}, {"start": "00:52:46", "end": "00:52:51", "text": "holders. Okay. I don't think it's a"}, {"start": "00:52:49", "end": "00:52:53", "text": "message, you know, to buy some old crap"}, {"start": "00:52:51", "end": "00:52:55", "text": "that, you know, just laying around"}, {"start": "00:52:53", "end": "00:52:58", "text": "around somewhere. I think it's more of a"}, {"start": "00:52:55", "end": "00:53:00", "text": "message because I would imagine that he"}, {"start": "00:52:58", "end": "00:53:02", "text": "because he is the creator of the coin,"}, {"start": "00:53:00", "end": "00:53:05", "text": "he needs to be a bit careful how he"}, {"start": "00:53:02", "end": "00:53:08", "text": "pumps it. I would imagine this is a"}, {"start": "00:53:05", "end": "00:53:09", "text": "message about his coin more than, you"}, {"start": "00:53:08", "end": "00:53:12", "text": "know, go out and buy, I don't know, like"}, {"start": "00:53:09", "end": "00:53:14", "text": "Iota or something. You understand? I I"}, {"start": "00:53:12", "end": "00:53:16", "text": "would imagine it's it's like it's more"}, {"start": "00:53:14", "end": "00:53:18", "text": "like this. He says, \"My single most"}, {"start": "00:53:16", "end": "00:53:20", "text": "controversial take of this cycle is that"}, {"start": "00:53:18", "end": "00:53:23", "text": "old coins will make you richer than new"}, {"start": "00:53:20", "end": "00:53:25", "text": "ones this cycle.\" Now that now this may"}, {"start": "00:53:23", "end": "00:53:27", "text": "seem absolutely insane in the context of"}, {"start": "00:53:25", "end": "00:53:30", "text": "memecoin cycle."}, {"start": "00:53:27", "end": "00:53:32", "text": "Most of the reason people hate VC coins"}, {"start": "00:53:30", "end": "00:53:35", "text": "is that they there were years of token"}, {"start": "00:53:32", "end": "00:53:37", "text": "overhang, so they never pumped. Well,"}, {"start": "00:53:35", "end": "00:53:39", "text": "kids, those veing schedules are now are"}, {"start": "00:53:37", "end": "00:53:41", "text": "now done. So, I think he speaks about"}, {"start": "00:53:39", "end": "00:53:43", "text": "his coin, guys. Uh but he needs to be"}, {"start": "00:53:41", "end": "00:53:46", "text": "careful not to like yeah shill it too"}, {"start": "00:53:43", "end": "00:53:49", "text": "much. Um"}, {"start": "00:53:46", "end": "00:53:51", "text": "and uh"}, {"start": "00:53:49", "end": "00:53:54", "text": "yeah I mean probably a signal for for"}, {"start": "00:53:51", "end": "00:53:57", "text": "the super. I'm I'm actually yeah maybe"}, {"start": "00:53:54", "end": "00:54:00", "text": "we should get a bit of super"}, {"start": "00:53:57", "end": "00:54:04", "text": "because the VCs are out now they pivot"}, {"start": "00:54:00", "end": "00:54:07", "text": "to buy token buybacks and burns. Um yeah"}, {"start": "00:54:04", "end": "00:54:09", "text": "I don't know how much uh buybacks super"}, {"start": "00:54:07", "end": "00:54:11", "text": "has if anything you guys who are in the"}, {"start": "00:54:09", "end": "00:54:14", "text": "community can tell us"}, {"start": "00:54:11", "end": "00:54:17", "text": "uh that's why they will make you richer"}, {"start": "00:54:14", "end": "00:54:20", "text": "than okay another one which let's see"}, {"start": "00:54:17", "end": "00:54:23", "text": "which big ones have buybacks guys let me"}, {"start": "00:54:20", "end": "00:54:26", "text": "actually ask Bulmania AI man Bulmani I"}, {"start": "00:54:23", "end": "00:54:28", "text": "love Bulmani everyone in Bulmania has"}, {"start": "00:54:26", "end": "00:54:31", "text": "Bulmani it's the perfect you know time"}, {"start": "00:54:28", "end": "00:54:35", "text": "to just go to Bulman AI with a cup of"}, {"start": "00:54:31", "end": "00:54:38", "text": "coffee and ask Which old coins have"}, {"start": "00:54:35", "end": "00:54:38", "text": "buybacks?"}, {"start": "00:54:40", "end": "00:54:45", "text": "Let's see which ones have buybacks. I"}, {"start": "00:54:43", "end": "00:54:47", "text": "mean, unis swap doesn't have buybacks"}, {"start": "00:54:45", "end": "00:54:50", "text": "yet. Or do they? Did they turn it on or"}, {"start": "00:54:47", "end": "00:54:54", "text": "not? It could be this DeFi stuff also."}, {"start": "00:54:50", "end": "00:54:54", "text": "You know, the good DeFi stuff."}, {"start": "00:54:54", "end": "00:54:58", "text": "At what level can we ask grandpa to buy"}, {"start": "00:54:56", "end": "00:55:00", "text": "crypto?"}, {"start": "00:54:58", "end": "00:55:03", "text": "Never ask any in your family to do"}, {"start": "00:55:00", "end": "00:55:06", "text": "anything with crypto because they are"}, {"start": "00:55:03", "end": "00:55:08", "text": "wrecked pleb. They will mess up and"}, {"start": "00:55:06", "end": "00:55:13", "text": "blame you. You they what you should tell"}, {"start": "00:55:08", "end": "00:55:15", "text": "them is join bulmania first. Number one"}, {"start": "00:55:13", "end": "00:55:18", "text": "and so they understand what's happening"}, {"start": "00:55:15", "end": "00:55:20", "text": "otherwise you know to tell"}, {"start": "00:55:18", "end": "00:55:21", "text": "I mean how are you gonna tell someone to"}, {"start": "00:55:20", "end": "00:55:23", "text": "do anything with their money? I don't"}, {"start": "00:55:21", "end": "00:55:24", "text": "tell anyone what what they should do"}, {"start": "00:55:23", "end": "00:55:26", "text": "with their money because they're gonna"}, {"start": "00:55:24", "end": "00:55:29", "text": "mess it up. They don't know what I know."}, {"start": "00:55:26", "end": "00:55:30", "text": "They don't have the uh strategy I have."}, {"start": "00:55:29", "end": "00:55:32", "text": "They don't understand the markets. How"}, {"start": "00:55:30", "end": "00:55:35", "text": "you going to explain to your to your,"}, {"start": "00:55:32", "end": "00:55:36", "text": "you know, family about investing?"}, {"start": "00:55:35", "end": "00:55:38", "text": "They're going to lose money. They're"}, {"start": "00:55:36", "end": "00:55:40", "text": "going to blame you. And then, uh,"}, {"start": "00:55:38", "end": "00:55:42", "text": "they're going to think, man, I could"}, {"start": "00:55:40", "end": "00:55:44", "text": "have gone on vacation. I lost 5K. I"}, {"start": "00:55:42", "end": "00:55:46", "text": "could have gone on vacation. And how you"}, {"start": "00:55:44", "end": "00:55:48", "text": "going to explain to them that, oh no, it"}, {"start": "00:55:46", "end": "00:55:49", "text": "was good riskreward. You're going to"}, {"start": "00:55:48", "end": "00:55:52", "text": "tell your grandpa, yeah, it was good"}, {"start": "00:55:49", "end": "00:55:54", "text": "riskreward. It still went down and you"}, {"start": "00:55:52", "end": "00:55:56", "text": "didn't have stop-loss. So, it's uh, you"}, {"start": "00:55:54", "end": "00:55:58", "text": "didn't manage risk, grandpa. Your"}, {"start": "00:55:56", "end": "00:56:00", "text": "grandpa's going to manage risk or what,"}, {"start": "00:55:58", "end": "00:56:04", "text": "you know?"}, {"start": "00:56:00", "end": "00:56:06", "text": "Oh, yeah. Oh, look here. Look here, my"}, {"start": "00:56:04", "end": "00:56:08", "text": "You see, you see this UI in Bull Mania?"}, {"start": "00:56:06", "end": "00:56:11", "text": "Yeah, I love it so much. You see Trades,"}, {"start": "00:56:08", "end": "00:56:15", "text": "he even has a logo here. You see in the"}, {"start": "00:56:11", "end": "00:56:16", "text": "text? So nice. So, so nice. So, Elo"}, {"start": "00:56:15", "end": "00:56:18", "text": "Trades just dropped the most"}, {"start": "00:56:16", "end": "00:56:20", "text": "controversial take. Okay, take it easy."}, {"start": "00:56:18", "end": "00:56:22", "text": "The most Okay, the most controversial."}, {"start": "00:56:20", "end": "00:56:23", "text": "Okay, his most Okay, maybe his most"}, {"start": "00:56:22", "end": "00:56:24", "text": "controversial, but you know, the most"}, {"start": "00:56:23", "end": "00:56:28", "text": "take it easy, man. You know, most"}, {"start": "00:56:24", "end": "00:56:30", "text": "controversial. It's uh if SBF comes back"}, {"start": "00:56:28", "end": "00:56:31", "text": "and says that he's going to pump FTX"}, {"start": "00:56:30", "end": "00:56:33", "text": "coin, FTT coin. Okay, that's will be"}, {"start": "00:56:31", "end": "00:56:37", "text": "conversion. But anyway, old fully"}, {"start": "00:56:33", "end": "00:56:39", "text": "circulating DF coins will mint. Yeah. So"}, {"start": "00:56:37", "end": "00:56:42", "text": "you have unis swap protocol fees token"}, {"start": "00:56:39", "end": "00:56:45", "text": "jar. There you go. Yeah. So this is this"}, {"start": "00:56:42", "end": "00:56:49", "text": "is correct. This correct this correct."}, {"start": "00:56:45", "end": "00:56:53", "text": "Comp automated buybacks. Correct. Ray."}, {"start": "00:56:49", "end": "00:56:56", "text": "Correct. Yeah. I mean uh true"}, {"start": "00:56:53", "end": "00:56:59", "text": "true. Now, radium, is it really that"}, {"start": "00:56:56", "end": "00:57:01", "text": "new? How old is this coin?"}, {"start": "00:56:59", "end": "00:57:04", "text": "Is it really that uh sorry, sorry. Is it"}, {"start": "00:57:01", "end": "00:57:08", "text": "really that old? Okay, it's from 2022."}, {"start": "00:57:04", "end": "00:57:10", "text": "So, yeah. Yeah. Yeah. Yeah."}, {"start": "00:57:08", "end": "00:57:11", "text": "Maker."}, {"start": "00:57:10", "end": "00:57:14", "text": "The the maker now is called what's it"}, {"start": "00:57:11", "end": "00:57:15", "text": "called? CIA. Or was it called CIA? Yeah."}, {"start": "00:57:14", "end": "00:57:17", "text": "They rebranded. In my brain, it's still"}, {"start": "00:57:15", "end": "00:57:19", "text": "Maker, but they it's not the coin"}, {"start": "00:57:17", "end": "00:57:23", "text": "anymore."}, {"start": "00:57:19", "end": "00:57:24", "text": "Uh interesting. Interesting. 640. Oh,"}, {"start": "00:57:23", "end": "00:57:26", "text": "yeah. This this is an interesting"}, {"start": "00:57:24", "end": "00:57:30", "text": "industry industry stat. Crypto projects"}, {"start": "00:57:26", "end": "00:57:31", "text": "have done $640 million in token buybacks"}, {"start": "00:57:30", "end": "00:57:33", "text": "this year alone. Oh, by the way,"}, {"start": "00:57:31", "end": "00:57:36", "text": "Hyperlquid and Pump Fun obviously you"}, {"start": "00:57:33", "end": "00:57:38", "text": "know da da but everyone knows it already"}, {"start": "00:57:36", "end": "00:57:41", "text": "and they're not old but Hyperlid and"}, {"start": "00:57:38", "end": "00:57:44", "text": "Pump Fun. Yeah, Hyperlquid 99 fees are"}, {"start": "00:57:41", "end": "00:57:46", "text": "routed to Hype buybacks. Number one, 50%"}, {"start": "00:57:44", "end": "00:57:48", "text": "of Launchpad revenue goes towards buying"}, {"start": "00:57:46", "end": "00:57:51", "text": "back pump. The difference is that Hyp is"}, {"start": "00:57:48", "end": "00:57:53", "text": "a stronger mechan sorry not CIA sky CIA"}, {"start": "00:57:51", "end": "00:57:57", "text": "is some other crap from 2017. Sky is the"}, {"start": "00:57:53", "end": "00:57:59", "text": "maker of that thing. CIA don't forget"}, {"start": "00:57:57", "end": "00:58:02", "text": "CIA for guess is the dino of the dino. I"}, {"start": "00:57:59", "end": "00:58:05", "text": "don't know what happened to it. Uh yeah."}, {"start": "00:58:02", "end": "00:58:08", "text": "So that's that. Uh radium daily buyback."}, {"start": "00:58:05", "end": "00:58:11", "text": "How much is Raium daily buyback?"}, {"start": "00:58:08", "end": "00:58:14", "text": "Oof. Look at this. Raium also raium."}, {"start": "00:58:11", "end": "00:58:16", "text": "Raium. Raium. Raium. Let's see. Raium."}, {"start": "00:58:14", "end": "00:58:18", "text": "And you see bullman AI. I quickly open"}, {"start": "00:58:16", "end": "00:58:20", "text": "the coin. I quickly open the chart. I"}, {"start": "00:58:18", "end": "00:58:23", "text": "quickly see the money line. Ah man, this"}, {"start": "00:58:20", "end": "00:58:24", "text": "workflow it's that's you. You you"}, {"start": "00:58:23", "end": "00:58:26", "text": "understand what I what I mean when I say"}, {"start": "00:58:24", "end": "00:58:28", "text": "that bull is a gift to humanity. You"}, {"start": "00:58:26", "end": "00:58:30", "text": "learn the rules and you see how easy it"}, {"start": "00:58:28", "end": "00:58:31", "text": "is to use. AI bum open tweet bum open"}, {"start": "00:58:30", "end": "00:58:35", "text": "chart bum. See money line it's bullish."}, {"start": "00:58:31", "end": "00:58:37", "text": "Bum bum bum bum. This is this thesis of"}, {"start": "00:58:35", "end": "00:58:40", "text": "Elio is working out as you can see in in"}, {"start": "00:58:37", "end": "00:58:42", "text": "this uh D5 stuff. So he's correct. He's"}, {"start": "00:58:40", "end": "00:58:44", "text": "very correct. Uni is deflationary. It"}, {"start": "00:58:42", "end": "00:58:46", "text": "goes down and gets heal. Not really. Not"}, {"start": "00:58:44", "end": "00:58:48", "text": "really. But uh let's see. Uni is the"}, {"start": "00:58:46", "end": "00:58:50", "text": "same story with bull trend. Bam. Bam."}, {"start": "00:58:48", "end": "00:58:52", "text": "Bam. Nice. Nice. Nice. Nice. Love it."}, {"start": "00:58:50", "end": "00:58:54", "text": "Love it. Love it."}, {"start": "00:58:52", "end": "00:58:57", "text": "Uh comp. Let's see. Comp. What's"}, {"start": "00:58:54", "end": "00:58:58", "text": "happening? Comp. Not really bullish."}, {"start": "00:58:57", "end": "00:59:00", "text": "Could be an interesting thing here when"}, {"start": "00:58:58", "end": "00:59:03", "text": "it goes bull. Could be an interesting"}, {"start": "00:59:00", "end": "00:59:06", "text": "trade. Hype the monster"}, {"start": "00:59:03", "end": "00:59:08", "text": "man. See the AI also has is freaking"}, {"start": "00:59:06", "end": "00:59:10", "text": "funny. You know the monster. Well, hype"}, {"start": "00:59:08", "end": "00:59:13", "text": "is the monster."}, {"start": "00:59:10", "end": "00:59:13", "text": "The funny guy"}, {"start": "00:59:14", "end": "00:59:20", "text": "ina ina ina oh yeah ina man ina also"}, {"start": "00:59:17", "end": "00:59:22", "text": "let's see also bullish but a bit lower"}, {"start": "00:59:20", "end": "00:59:23", "text": "so you get even better entry man these"}, {"start": "00:59:22", "end": "00:59:25", "text": "coins guys in the bull market they're"}, {"start": "00:59:23", "end": "00:59:29", "text": "going to they're going to fly and fly"}, {"start": "00:59:25", "end": "00:59:33", "text": "and fly okay"}, {"start": "00:59:29", "end": "00:59:35", "text": "okay actively cited"}, {"start": "00:59:33", "end": "00:59:38", "text": "in the same yeah so in then Jupiter oh"}, {"start": "00:59:35", "end": "00:59:41", "text": "Borg Borg what's happening Swissborg oh"}, {"start": "00:59:38", "end": "00:59:44", "text": "yo yo not much but man If the once it"}, {"start": "00:59:41", "end": "00:59:46", "text": "guys once this thing gets going okay for"}, {"start": "00:59:44", "end": "00:59:50", "text": "now it's still a bit better but once it"}, {"start": "00:59:46", "end": "00:59:52", "text": "gets going so yeah"}, {"start": "00:59:50", "end": "00:59:55", "text": "filter is fully or nearly fully"}, {"start": "00:59:52", "end": "00:59:58", "text": "circulating and there you have uni comp"}, {"start": "00:59:55", "end": "01:00:00", "text": "and ray. Yeah."}, {"start": "00:59:58", "end": "01:00:06", "text": "What about super I thought it was about"}, {"start": "01:00:00", "end": "01:00:08", "text": "what about super coin? Uh does it have"}, {"start": "01:00:06", "end": "01:00:10", "text": "buybacks? Maybe it doesn't have"}, {"start": "01:00:08", "end": "01:00:14", "text": "buybacks. I mean"}, {"start": "01:00:10", "end": "01:00:16", "text": "or or it has"}, {"start": "01:00:14", "end": "01:00:18", "text": "I thought he was mainly like no wink"}, {"start": "01:00:16", "end": "01:00:23", "text": "winking at his own coin but maybe he's"}, {"start": "01:00:18", "end": "01:00:23", "text": "mainly speaking about the defies"}, {"start": "01:00:26", "end": "01:00:30", "text": "old coins light yeah I mean this"}, {"start": "01:00:28", "end": "01:00:31", "text": "Litecoin stuff it's it's even older I"}, {"start": "01:00:30", "end": "01:00:33", "text": "mean old in this context is from like"}, {"start": "01:00:31", "end": "01:00:37", "text": "2020"}, {"start": "01:00:33", "end": "01:00:39", "text": "u the VC VC coins with you see bulbing"}, {"start": "01:00:37", "end": "01:00:41", "text": "AI also checking the money. So nice."}, {"start": "01:00:39", "end": "01:00:42", "text": "This the freaking freaking bull. It also"}, {"start": "01:00:41", "end": "01:00:44", "text": "not only checks you the socials, it"}, {"start": "01:00:42", "end": "01:00:45", "text": "checks you the markets, checks the"}, {"start": "01:00:44", "end": "01:00:49", "text": "crypto markets and also double checks"}, {"start": "01:00:45", "end": "01:00:51", "text": "the money line and consults with every"}, {"start": "01:00:49", "end": "01:00:56", "text": "of gift to human. Yeah, let's see what"}, {"start": "01:00:51", "end": "01:00:58", "text": "it says. So um if Ivan"}, {"start": "01:00:56", "end": "01:00:59", "text": "some digubyte chiller is back, what's"}, {"start": "01:00:58", "end": "01:01:01", "text": "up?"}, {"start": "01:00:59", "end": "01:01:04", "text": "There must be one guy. I mean I cannot"}, {"start": "01:01:01", "end": "01:01:06", "text": "imagine more than one guy shilling it"}, {"start": "01:01:04", "end": "01:01:08", "text": "that you know now now and then I see"}, {"start": "01:01:06", "end": "01:01:10", "text": "this digib bite comment in the in the"}, {"start": "01:01:08", "end": "01:01:13", "text": "chat you're the same guy all the time or"}, {"start": "01:01:10", "end": "01:01:16", "text": "you it's two of you."}, {"start": "01:01:13", "end": "01:01:18", "text": "So uh short answer no super is not in"}, {"start": "01:01:16", "end": "01:01:20", "text": "the same old coin with live buybacks"}, {"start": "01:01:18", "end": "01:01:20", "text": "bucket. Ah okay okay okay okay got it"}, {"start": "01:01:20", "end": "01:01:20", "text": "got got got got got got got got got got"}, {"start": "01:01:20", "end": "01:01:20", "text": "got got got got got got got got got got"}, {"start": "01:01:20", "end": "01:01:20", "text": "it got got got got got got got got got"}, {"start": "01:01:20", "end": "01:01:20", "text": "got got got got got got got got got got"}, {"start": "01:01:20", "end": "01:01:20", "text": "got it got got got got got got got got"}, {"start": "01:01:20", "end": "01:01:22", "text": "got got got got got got got got got got"}, {"start": "01:01:20", "end": "01:01:25", "text": "got got got it got compared to trades"}, {"start": "01:01:22", "end": "01:01:27", "text": "does not show an active loudly got it"}, {"start": "01:01:25", "end": "01:01:30", "text": "got okay okay but still true that there"}, {"start": "01:01:27", "end": "01:01:33", "text": "are no VCs left and then no one else is"}, {"start": "01:01:30", "end": "01:01:35", "text": "left basically the recent onx mentioned"}, {"start": "01:01:33", "end": "01:01:38", "text": "yeah is low reach"}, {"start": "01:01:35", "end": "01:01:40", "text": "oh yeah they have a dex what happened to"}, {"start": "01:01:38", "end": "01:01:42", "text": "they also have a dex yeah yeah yeah now"}, {"start": "01:01:40", "end": "01:01:44", "text": "I remember they they have a deck that"}, {"start": "01:01:42", "end": "01:01:47", "text": "funnels fees into super yeah exactly"}, {"start": "01:01:44", "end": "01:01:47", "text": "exactly"}, {"start": "01:01:47", "end": "01:01:51", "text": "staking reward got quiet."}, {"start": "01:01:52", "end": "01:01:58", "text": "But I I can imagine if you ignore the uh"}, {"start": "01:01:55", "end": "01:02:00", "text": "the buyback, I can imagine that everyone"}, {"start": "01:01:58", "end": "01:02:04", "text": "who wanted to dump super orders dumped"}, {"start": "01:02:00", "end": "01:02:06", "text": "it. So as soon as it goes bull trend"}, {"start": "01:02:04", "end": "01:02:10", "text": "likely going to be very nice and then"}, {"start": "01:02:06", "end": "01:02:12", "text": "Eli not Eli Elot Elio is"}, {"start": "01:02:10", "end": "01:02:14", "text": "on stream 800 etc."}, {"start": "01:02:12", "end": "01:02:16", "text": "Let's see. But bull trend. First bull"}, {"start": "01:02:14", "end": "01:02:19", "text": "trend, then we talk. First bull trend,"}, {"start": "01:02:16", "end": "01:02:22", "text": "then we talk. Uh if CPI com is hot, a"}, {"start": "01:02:19", "end": "01:02:24", "text": "rate hike is likely."}, {"start": "01:02:22", "end": "01:02:26", "text": "So if you are worried about the rate"}, {"start": "01:02:24", "end": "01:02:28", "text": "hike, you need to rewatch the stream. I"}, {"start": "01:02:26", "end": "01:02:30", "text": "I see you're not you haven't watched the"}, {"start": "01:02:28", "end": "01:02:32", "text": "stream. You haven't watched. Yeah. You"}, {"start": "01:02:30", "end": "01:02:35", "text": "have not been taking a part of the"}, {"start": "01:02:32", "end": "01:02:36", "text": "education that I provided to you. Uh"}, {"start": "01:02:35", "end": "01:02:37", "text": "sometimes, you know, when people join"}, {"start": "01:02:36", "end": "01:02:39", "text": "Bulmania, they ask a question. I can see"}, {"start": "01:02:37", "end": "01:02:41", "text": "that they have not gone through the"}, {"start": "01:02:39", "end": "01:02:43", "text": "education. You know, it's fine. It's"}, {"start": "01:02:41", "end": "01:02:44", "text": "fine. I mean everyone in Bulmania I have"}, {"start": "01:02:43", "end": "01:02:46", "text": "a lot of patients but sometimes you know"}, {"start": "01:02:44", "end": "01:02:48", "text": "they join they la they ask a question"}, {"start": "01:02:46", "end": "01:02:50", "text": "like have you really taken the course"}, {"start": "01:02:48", "end": "01:02:52", "text": "because you ask stuff I explained in"}, {"start": "01:02:50", "end": "01:02:55", "text": "like eight hours eight hour content in"}, {"start": "01:02:52", "end": "01:02:56", "text": "the course in the and the course in"}, {"start": "01:02:55", "end": "01:02:58", "text": "cyber mania is trading secrets it's"}, {"start": "01:02:56", "end": "01:03:00", "text": "Ivan's trading secrets I know my have"}, {"start": "01:02:58", "end": "01:03:02", "text": "you have you watched the trading secrets"}, {"start": "01:03:00", "end": "01:03:04", "text": "because I can I can see that when you"}, {"start": "01:03:02", "end": "01:03:07", "text": "ask a question you haven't watched it"}, {"start": "01:03:04", "end": "01:03:09", "text": "yeah when you join bulmania you get on"}, {"start": "01:03:07", "end": "01:03:11", "text": "boarding you get what you should watch"}, {"start": "01:03:09", "end": "01:03:14", "text": "what you should do bum bum bum bum bum"}, {"start": "01:03:11", "end": "01:03:16", "text": "study material,"}, {"start": "01:03:14", "end": "01:03:17", "text": "you get enlightenment. Sometimes people"}, {"start": "01:03:16", "end": "01:03:19", "text": "ask questions in the in Discord. I can"}, {"start": "01:03:17", "end": "01:03:21", "text": "see man, you haven't watched, you"}, {"start": "01:03:19", "end": "01:03:24", "text": "haven't you haven't you haven't been"}, {"start": "01:03:21", "end": "01:03:29", "text": "educated yet. You're still uneducated."}, {"start": "01:03:24", "end": "01:03:30", "text": "You to take the education and then okay"}, {"start": "01:03:29", "end": "01:03:33", "text": "in Bulmania though I have massive"}, {"start": "01:03:30", "end": "01:03:35", "text": "patience here. You say rate hike. I"}, {"start": "01:03:33", "end": "01:03:37", "text": "literally told you earlier the stream"}, {"start": "01:03:35", "end": "01:03:39", "text": "about rate hike. Have you watched? You"}, {"start": "01:03:37", "end": "01:03:41", "text": "have not watched."}, {"start": "01:03:39", "end": "01:03:44", "text": "Anyway, go back and watch. Big shout"}, {"start": "01:03:41", "end": "01:03:47", "text": "out. Big shout out."}, {"start": "01:03:44", "end": "01:03:49", "text": "So, uh guys, that's it. Thank you very"}, {"start": "01:03:47", "end": "01:03:51", "text": "very much for great stream. Great"}, {"start": "01:03:49", "end": "01:03:55", "text": "stream. It was a great uh hanging"}, {"start": "01:03:51", "end": "01:03:56", "text": "around. Great uh stuff. Uh interesting"}, {"start": "01:03:55", "end": "01:03:59", "text": "content. Always guys with the with the"}, {"start": "01:03:56", "end": "01:04:01", "text": "Q&A. The content is interesting. Without"}, {"start": "01:03:59", "end": "01:04:03", "text": "you guys, I know what what what would I"}, {"start": "01:04:01", "end": "01:04:05", "text": "be doing without the content? I just"}, {"start": "01:04:03", "end": "01:04:07", "text": "look at Bitcoin chart and that's it. Now"}, {"start": "01:04:05", "end": "01:04:08", "text": "we have, you know, back and forth. It's"}, {"start": "01:04:07", "end": "01:04:11", "text": "so nice. So nice. And we have it every"}, {"start": "01:04:08", "end": "01:04:13", "text": "day. So let's take in this moment"}, {"start": "01:04:11", "end": "01:04:16", "text": "together. Let's think about the kumbaya"}, {"start": "01:04:13", "end": "01:04:17", "text": "here because think about it every day"}, {"start": "01:04:16", "end": "01:04:20", "text": "throughout the whole bear and the old"}, {"start": "01:04:17", "end": "01:04:24", "text": "bull we can hang around here together"}, {"start": "01:04:20", "end": "01:04:25", "text": "with Dab with Guzman by our side all the"}, {"start": "01:04:24", "end": "01:04:27", "text": "time. And Matt Smeid, where is Matt"}, {"start": "01:04:25", "end": "01:04:30", "text": "Smeid? Matt Smeid missing this important"}, {"start": "01:04:27", "end": "01:04:32", "text": "lecture. See Matt Sme is not here"}, {"start": "01:04:30", "end": "01:04:35", "text": "missing out. Missing out on such an"}, {"start": "01:04:32", "end": "01:04:38", "text": "important episode."}, {"start": "01:04:35", "end": "01:04:39", "text": "Matt Smeid. By the way, Matt Smeid, Dan,"}, {"start": "01:04:38", "end": "01:04:41", "text": "Danamos, Danamos, Danamos, what's up?"}, {"start": "01:04:39", "end": "01:04:43", "text": "What's up? Many, many other people I"}, {"start": "01:04:41", "end": "01:04:46", "text": "recognize here. Very, very nice. Also,"}, {"start": "01:04:43", "end": "01:04:47", "text": "new faces. If you're new, let me know."}, {"start": "01:04:46", "end": "01:04:50", "text": "Are you I don't think we have many new"}, {"start": "01:04:47", "end": "01:04:52", "text": "ones, guys. It's the same dudes."}, {"start": "01:04:50", "end": "01:04:56", "text": "We're the same circle, J circle, since"}, {"start": "01:04:52", "end": "01:04:58", "text": "uh yeah, since like 2020. Overall, we"}, {"start": "01:04:56", "end": "01:05:00", "text": "haven't had too many new people join"}, {"start": "01:04:58", "end": "01:05:02", "text": "since Yeah, like 2020. The last cycle,"}, {"start": "01:05:00", "end": "01:05:04", "text": "not too many people joined. Some join"}, {"start": "01:05:02", "end": "01:05:06", "text": "some join but I think most of you guys"}, {"start": "01:05:04", "end": "01:05:08", "text": "are yeah let let me know when you"}, {"start": "01:05:06", "end": "01:05:11", "text": "entered crypto when you enter crypto"}, {"start": "01:05:08", "end": "01:05:13", "text": "some some of you entered in 2022 2023"}, {"start": "01:05:11", "end": "01:05:15", "text": "2024"}, {"start": "01:05:13", "end": "01:05:18", "text": "I don't think so I don't think so maybe"}, {"start": "01:05:15", "end": "01:05:21", "text": "someone someone show yourself new kid"}, {"start": "01:05:18", "end": "01:05:24", "text": "new kid reveal yourself"}, {"start": "01:05:21", "end": "01:05:28", "text": "if someone joined here in like 2023 tell"}, {"start": "01:05:24", "end": "01:05:28", "text": "me tell me"}, {"start": "01:05:29", "end": "01:05:34", "text": "2019 2021 2017"}, {"start": "01:05:32", "end": "01:05:37", "text": "2021. Yeah. Yeah. I think that was the"}, {"start": "01:05:34", "end": "01:05:39", "text": "peak."}, {"start": "01:05:37", "end": "01:05:41", "text": "Okay. One guy says 2024. Really? It's"}, {"start": "01:05:39", "end": "01:05:43", "text": "true or not true? Is it really true? You"}, {"start": "01:05:41", "end": "01:05:46", "text": "joined 2024. So, you're a new kid on the"}, {"start": "01:05:43", "end": "01:05:48", "text": "block. That's fantastic. Luca says 2023."}, {"start": "01:05:46", "end": "01:05:51", "text": "Okay. We have a few new kids. Big shout"}, {"start": "01:05:48", "end": "01:05:54", "text": "out to the new kid on the block. Donn"}, {"start": "01:05:51", "end": "01:05:56", "text": "says 2024. Okay. Okay. Okay."}, {"start": "01:05:54", "end": "01:05:57", "text": "End of 2024. Okay. Okay. Okay."}, {"start": "01:05:56", "end": "01:05:59", "text": "Fantastic, guys. Big shout out. Have a"}, {"start": "01:05:57", "end": "01:06:03", "text": "good day. Enjoy your weekend. And"}, {"start": "01:05:59", "end": "01:06:05", "text": "goodbye, guys. Goodbye. Goodbye"}, {"start": "01:06:03", "end": "01:06:05", "text": "to Guzman."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Oh yes, oh yes, oh yes, so yes. Guys,"}, {"start": "00:00:02", "end": "00:00:07", "text": "welcome to another episode. And as you"}, {"start": "00:00:04", "end": "00:00:09", "text": "can see right now, Bitcoin is at 78."}, {"start": "00:00:07", "end": "00:00:11", "text": "We're still derping around the flip"}, {"start": "00:00:09", "end": "00:00:13", "text": "level. A bit up, a bit down, but Bitcoin"}, {"start": "00:00:11", "end": "00:00:15", "text": "is officially bullish. We are restarting"}, {"start": "00:00:13", "end": "00:00:19", "text": "the bull market just like we did the"}, {"start": "00:00:15", "end": "00:00:21", "text": "right here back in 2023. Some volatility"}, {"start": "00:00:19", "end": "00:00:23", "text": "is expected. We here we even went down a"}, {"start": "00:00:21", "end": "00:00:27", "text": "bit but all in all the plan stays the"}, {"start": "00:00:23", "end": "00:00:32", "text": "same especially as we are seeing the"}, {"start": "00:00:27", "end": "00:00:35", "text": "next most important demise of the US"}, {"start": "00:00:32", "end": "00:00:37", "text": "dollar guys when you have a president"}, {"start": "00:00:35", "end": "00:00:41", "text": "saying that you will get money if you"}, {"start": "00:00:37", "end": "00:00:41", "text": "vote for me"}, {"start": "00:00:41", "end": "00:00:47", "text": "guys it is the final final final days"}, {"start": "00:00:45", "end": "00:00:50", "text": "people will need to have Bitcoin as soon"}, {"start": "00:00:47", "end": "00:00:50", "text": "as possible listen to"}, {"start": "00:00:51", "end": "00:00:56", "text": "YOU CAN SAY THEN HE'S HAPPY. [applause]"}, {"start": "00:00:53", "end": "00:00:59", "text": "BUT WHAT we're doing is because we've"}, {"start": "00:00:56", "end": "00:01:04", "text": "done so well and because our country is"}, {"start": "00:00:59", "end": "00:01:06", "text": "making so much money that only I can"}, {"start": "00:01:04", "end": "00:01:09", "text": "make this promise to you and here is my"}, {"start": "00:01:06", "end": "00:01:12", "text": "promise. If the Republicans win the"}, {"start": "00:01:09", "end": "00:01:15", "text": "House of Representatives and the United"}, {"start": "00:01:12", "end": "00:01:17", "text": "States Senate, both of them because of"}, {"start": "00:01:15", "end": "00:01:20", "text": "our economic"}, {"start": "00:01:17", "end": "00:01:22", "text": "tremendous economic success like in in"}, {"start": "00:01:20", "end": "00:01:24", "text": "history, we've never had anything like"}, {"start": "00:01:22", "end": "00:01:27", "text": "what's happening, but because of our"}, {"start": "00:01:24", "end": "00:01:29", "text": "tremendous strength and success"}, {"start": "00:01:27", "end": "00:01:32", "text": "economically,"}, {"start": "00:01:29", "end": "00:01:34", "text": "I WILL ISSUE A DIVIDEND to every adult"}, {"start": "00:01:32", "end": "00:01:38", "text": "citizen in the United States of America"}, {"start": "00:01:34", "end": "00:01:40", "text": "for $5,000."}, {"start": "00:01:38", "end": "00:01:40", "text": ">> [cheering]"}, {"start": "00:01:41", "end": "00:01:43", "text": "[applause]"}, {"start": "00:01:48", "end": "00:01:50", "text": "[applause]"}, {"start": "00:01:53", "end": "00:01:59", "text": ">> VERY MUCH LIKE [applause]"}, {"start": "00:01:56", "end": "00:02:02", "text": "a successful company will do a cash"}, {"start": "00:01:59", "end": "00:02:04", "text": "distribution to its shareholders or like"}, {"start": "00:02:02", "end": "00:02:07", "text": "last year when I gave our great members"}, {"start": "00:02:04", "end": "00:02:08", "text": "of the military Oh."}, {"start": "00:02:07", "end": "00:02:10", "text": ">> Oh yes, guys. Oh yes. Oh yes. Oh yes. Oh"}, {"start": "00:02:08", "end": "00:02:14", "text": "yes. Man, if this happens, it's"}, {"start": "00:02:10", "end": "00:02:16", "text": "approximately $1.5 trillion that will be"}, {"start": "00:02:14", "end": "00:02:18", "text": "sent out to us adults. If you are US"}, {"start": "00:02:16", "end": "00:02:20", "text": "adult, let me know in the comment"}, {"start": "00:02:18", "end": "00:02:22", "text": "section because you may be getting"}, {"start": "00:02:20", "end": "00:02:25", "text": "$5,000."}, {"start": "00:02:22", "end": "00:02:27", "text": "Will it be true? Will it not be true?"}, {"start": "00:02:25", "end": "00:02:29", "text": "Let's see. But it is quite clear. And"}, {"start": "00:02:27", "end": "00:02:32", "text": "that this guy, he wants the power. And"}, {"start": "00:02:29", "end": "00:02:35", "text": "if he can get the power, uh, fantastic."}, {"start": "00:02:32", "end": "00:02:39", "text": "Fantastic. If we can somehow get the"}, {"start": "00:02:35", "end": "00:02:42", "text": "plebus $5,000 be very very nice. Now Gro"}, {"start": "00:02:39", "end": "00:02:45", "text": "is saying president cannot unilaterally"}, {"start": "00:02:42", "end": "00:02:46", "text": "send 5,000 checks uh from federal funds."}, {"start": "00:02:45", "end": "00:02:48", "text": "The constitution gives congress the"}, {"start": "00:02:46", "end": "00:02:51", "text": "power power of the purse any such"}, {"start": "00:02:48", "end": "00:02:53", "text": "payments require legislation"}, {"start": "00:02:51", "end": "00:02:55", "text": "uh appropriating the money winning the"}, {"start": "00:02:53", "end": "00:02:57", "text": "house and the senate control would let"}, {"start": "00:02:55", "end": "00:03:00", "text": "Republicans pass a bill for it. See this"}, {"start": "00:02:57", "end": "00:03:02", "text": "is the important thing. If you have the"}, {"start": "00:03:00", "end": "00:03:05", "text": "Senate and the House, Republicans can"}, {"start": "00:03:02", "end": "00:03:08", "text": "pass a bid a bill which president would"}, {"start": "00:03:05", "end": "00:03:08", "text": "sign. Let's see. [laughter]"}, {"start": "00:03:08", "end": "00:03:10", "text": "Let's see, guys. I mean, let's It's a"}, {"start": "00:03:09", "end": "00:03:12", "text": "bit maybe a conspiracy theoristic, but"}, {"start": "00:03:10", "end": "00:03:14", "text": "if he wants a third term, this is the"}, {"start": "00:03:12", "end": "00:03:16", "text": "kind of stuff that uh will help him,"}, {"start": "00:03:14", "end": "00:03:17", "text": "okay? In one way or another. But anyway,"}, {"start": "00:03:16", "end": "00:03:19", "text": "we're apolitical. Let's not get too much"}, {"start": "00:03:17", "end": "00:03:21", "text": "into politics. Let's just all agree"}, {"start": "00:03:19", "end": "00:03:22", "text": "whether you're left or right, you're the"}, {"start": "00:03:21", "end": "00:03:24", "text": "middle or you're up or you're down or"}, {"start": "00:03:22", "end": "00:03:26", "text": "whatever you are politically, whatever"}, {"start": "00:03:24", "end": "00:03:28", "text": "political animal you are, [laughter]"}, {"start": "00:03:26", "end": "00:03:30", "text": "let's just agree that they're going to"}, {"start": "00:03:28", "end": "00:03:33", "text": "print in one way or another, they going"}, {"start": "00:03:30", "end": "00:03:35", "text": "to print bigly bigly bigly bigly. And if"}, {"start": "00:03:33", "end": "00:03:38", "text": "this happens, I mean, if this happens in"}, {"start": "00:03:35", "end": "00:03:42", "text": "in some way that he he does give $5,000"}, {"start": "00:03:38", "end": "00:03:44", "text": "to all adults, it is approximately $1.5"}, {"start": "00:03:42", "end": "00:03:48", "text": "trillion dollars that will be infused"}, {"start": "00:03:44", "end": "00:03:49", "text": "into the economy. And I mean to be fair"}, {"start": "00:03:48", "end": "00:03:51", "text": "it's not too crazy to think that it"}, {"start": "00:03:49", "end": "00:03:54", "text": "would happen because during COVID you"}, {"start": "00:03:51", "end": "00:03:56", "text": "had the stimulus check and uh it was"}, {"start": "00:03:54", "end": "00:03:58", "text": "similar. We already had stimulus check."}, {"start": "00:03:56", "end": "00:04:00", "text": "I mean it's not it's not a new thing."}, {"start": "00:03:58", "end": "00:04:02", "text": "It's not a new thing. Uh at the same"}, {"start": "00:04:00", "end": "00:04:03", "text": "time there's election when politicians"}, {"start": "00:04:02", "end": "00:04:05", "text": "speak around the election time you have"}, {"start": "00:04:03", "end": "00:04:07", "text": "to be very very careful because they"}, {"start": "00:04:05", "end": "00:04:08", "text": "want you to do something and then they"}, {"start": "00:04:07", "end": "00:04:11", "text": "don't need you for another four years or"}, {"start": "00:04:08", "end": "00:04:15", "text": "two years. So all in all uh we see it"}, {"start": "00:04:11", "end": "00:04:16", "text": "mainly as a as a data point in a big big"}, {"start": "00:04:15", "end": "00:04:18", "text": "trend and that's that the amount of"}, {"start": "00:04:16", "end": "00:04:20", "text": "dollars are increasing very quickly. You"}, {"start": "00:04:18", "end": "00:04:22", "text": "look at the last 10 years most dollars"}, {"start": "00:04:20", "end": "00:04:24", "text": "in circulation were printed in the last"}, {"start": "00:04:22", "end": "00:04:26", "text": "10 to 20 years. Okay. So yeah you"}, {"start": "00:04:24", "end": "00:04:29", "text": "understand that it's it's a it's a path"}, {"start": "00:04:26", "end": "00:04:31", "text": "of no return that is just accelerating"}, {"start": "00:04:29", "end": "00:04:33", "text": "and bitcoin will benefit massively"}, {"start": "00:04:31", "end": "00:04:35", "text": "massively massively massively. All in"}, {"start": "00:04:33", "end": "00:04:36", "text": "all markets are a bit sideways now. when"}, {"start": "00:04:35", "end": "00:04:38", "text": "you look at S&P, when you look at"}, {"start": "00:04:36", "end": "00:04:41", "text": "NASDAQ, when you look at Russell,"}, {"start": "00:04:38", "end": "00:04:42", "text": "they're just chopping around likely"}, {"start": "00:04:41", "end": "00:04:45", "text": "because there is a bit of uncertainty"}, {"start": "00:04:42", "end": "00:04:47", "text": "around the uh the midterms. Uh the"}, {"start": "00:04:45", "end": "00:04:49", "text": "market doesn't know what is going to"}, {"start": "00:04:47", "end": "00:04:52", "text": "happen after midterm, who is going to be"}, {"start": "00:04:49", "end": "00:04:54", "text": "in control and markets, they do want"}, {"start": "00:04:52", "end": "00:04:56", "text": "certainty. So NASDAQ, S&P, everything is"}, {"start": "00:04:54", "end": "00:04:58", "text": "just chopping around. But as soon as"}, {"start": "00:04:56", "end": "00:05:01", "text": "there is some kind of resolution in"}, {"start": "00:04:58", "end": "00:05:03", "text": "terms of um uh midterms, uh I think"}, {"start": "00:05:01", "end": "00:05:05", "text": "stocks are going to have another big fat"}, {"start": "00:05:03", "end": "00:05:07", "text": "leg up. So that's going to be very very"}, {"start": "00:05:05", "end": "00:05:10", "text": "nice for the Q4 rally. The Santa rally"}, {"start": "00:05:07", "end": "00:05:12", "text": "Q4 Santa rally is looking very very"}, {"start": "00:05:10", "end": "00:05:15", "text": "nicely. And overall if we look at the"}, {"start": "00:05:12", "end": "00:05:18", "text": "last 24 hours, you have a Hunter Biden"}, {"start": "00:05:15", "end": "00:05:20", "text": "laptop going down 99% just like"}, {"start": "00:05:18", "end": "00:05:22", "text": "expected. We've been discussing Hunter"}, {"start": "00:05:20", "end": "00:05:24", "text": "Biden yesterday, the day before. We've"}, {"start": "00:05:22", "end": "00:05:26", "text": "been saying guys, it's like it's like an"}, {"start": "00:05:24", "end": "00:05:29", "text": "IQ test, guys. It's like an IQ test. It"}, {"start": "00:05:26", "end": "00:05:31", "text": "it launched, it dumped 99% and uh yeah,"}, {"start": "00:05:29", "end": "00:05:34", "text": "that's it. Hunter Biden is saying that"}, {"start": "00:05:31", "end": "00:05:36", "text": "he did not scam. He did not scam. He's"}, {"start": "00:05:34", "end": "00:05:38", "text": "saying as you may have seen laptop"}, {"start": "00:05:36", "end": "00:05:42", "text": "memecoin saw a sharp swing in price"}, {"start": "00:05:38", "end": "00:05:44", "text": "today. Okay. Uh if you have 99% loss,"}, {"start": "00:05:42", "end": "00:05:47", "text": "you don't have to say that it dumped"}, {"start": "00:05:44", "end": "00:05:50", "text": "99%. You can say it's a sharp swing."}, {"start": "00:05:47", "end": "00:05:52", "text": "It's a sharp swing in token price in his"}, {"start": "00:05:50", "end": "00:05:54", "text": "first hour of trading. The headlines are"}, {"start": "00:05:52", "end": "00:05:56", "text": "all the same. It's a rugpool. Biden"}, {"start": "00:05:54", "end": "00:05:59", "text": "crime family. The list goes on. This is"}, {"start": "00:05:56", "end": "00:06:02", "text": "far from truth. According to B Hunter"}, {"start": "00:05:59", "end": "00:06:04", "text": "Biden, the reality is that available"}, {"start": "00:06:02", "end": "00:06:06", "text": "liquidity could not sustain the strong"}, {"start": "00:06:04", "end": "00:06:09", "text": "level of interest at launch. [laughter]"}, {"start": "00:06:06", "end": "00:06:10", "text": "Guys, there were technical issues. Okay."}, {"start": "00:06:09", "end": "00:06:13", "text": "Coupled with predatory snipers, guys."}, {"start": "00:06:10", "end": "00:06:15", "text": "Snipers. You remember the snipers? What"}, {"start": "00:06:13", "end": "00:06:17", "text": "did I tell you about the snipers? What"}, {"start": "00:06:15", "end": "00:06:19", "text": "did I tell you? I think it was yesterday"}, {"start": "00:06:17", "end": "00:06:20", "text": "or the day before we had like a five"}, {"start": "00:06:19", "end": "00:06:22", "text": "minute section. I told you about the"}, {"start": "00:06:20", "end": "00:06:25", "text": "snipers that they're going to snipe the"}, {"start": "00:06:22", "end": "00:06:27", "text": "crap out of it in the first blog before"}, {"start": "00:06:25", "end": "00:06:29", "text": "anyone can even buy. And so snipers who"}, {"start": "00:06:27", "end": "00:06:31", "text": "seek the to beat liquidity providers to"}, {"start": "00:06:29", "end": "00:06:34", "text": "market cause a spike in price which uh"}, {"start": "00:06:31", "end": "00:06:36", "text": "has since stabilized at healthy levels."}, {"start": "00:06:34", "end": "00:06:38", "text": "Uh very healthy levels, very very"}, {"start": "00:06:36", "end": "00:06:39", "text": "healthy levels. The the healthiest maybe"}, {"start": "00:06:38", "end": "00:06:42", "text": "[laughter]"}, {"start": "00:06:39", "end": "00:06:44", "text": "the team's allocation is locked. No one"}, {"start": "00:06:42", "end": "00:06:46", "text": "on our side sold. I'm used to legacy"}, {"start": "00:06:44", "end": "00:06:50", "text": "news and social media trolls. Uh the"}, {"start": "00:06:46", "end": "00:06:52", "text": "full validation is over 1 billion. And"}, {"start": "00:06:50", "end": "00:06:54", "text": "if you look at the context here added by"}, {"start": "00:06:52", "end": "00:06:57", "text": "community notes on X, you have a"}, {"start": "00:06:54", "end": "00:07:00", "text": "different story because onchain data"}, {"start": "00:06:57", "end": "00:07:02", "text": "shows a project multisig receiving 100"}, {"start": "00:07:00", "end": "00:07:05", "text": "million tokens pre-launch and"}, {"start": "00:07:02", "end": "00:07:08", "text": "distributing 42 million of them to"}, {"start": "00:07:05", "end": "00:07:10", "text": "market makers who sold post launch. So"}, {"start": "00:07:08", "end": "00:07:12", "text": "when you have him saying that the team"}, {"start": "00:07:10", "end": "00:07:14", "text": "did not sell, he is pointing to one"}, {"start": "00:07:12", "end": "00:07:15", "text": "particular bucket of the allocation."}, {"start": "00:07:14", "end": "00:07:17", "text": "Okay, the team bucket we did not sell."}, {"start": "00:07:15", "end": "00:07:20", "text": "But how much did it go to market makers?"}, {"start": "00:07:17", "end": "00:07:21", "text": "And what kind of deals does the team"}, {"start": "00:07:20", "end": "00:07:24", "text": "have with market makers? Because in many"}, {"start": "00:07:21", "end": "00:07:26", "text": "cases the the deal is that the market"}, {"start": "00:07:24", "end": "00:07:29", "text": "market maker gets a coin gets gets a"}, {"start": "00:07:26", "end": "00:07:30", "text": "coin to sell and they sell and they do"}, {"start": "00:07:29", "end": "00:07:32", "text": "their own thing and then you have a"}, {"start": "00:07:30", "end": "00:07:34", "text": "revshare or the the team project gets"}, {"start": "00:07:32", "end": "00:07:36", "text": "the the funds anyway and then they can"}, {"start": "00:07:34", "end": "00:07:38", "text": "still point that hey guys actually these"}, {"start": "00:07:36", "end": "00:07:39", "text": "coins they're reserved. So look at these"}, {"start": "00:07:38", "end": "00:07:41", "text": "coins they haven't moved. This is the"}, {"start": "00:07:39", "end": "00:07:44", "text": "team coins. They haven't moved. But then"}, {"start": "00:07:41", "end": "00:07:45", "text": "the market maker like liquidity coins uh"}, {"start": "00:07:44", "end": "00:07:47", "text": "don't look at them. Don't look at them"}, {"start": "00:07:45", "end": "00:07:48", "text": "because they may have been sold by the"}, {"start": "00:07:47", "end": "00:07:49", "text": "market maker and then there's a ref"}, {"start": "00:07:48", "end": "00:07:51", "text": "share etc. Now I don't know what's what"}, {"start": "00:07:49", "end": "00:07:54", "text": "happened here guys. I mean to be fair"}, {"start": "00:07:51", "end": "00:07:55", "text": "now it's not really I have no time to"}, {"start": "00:07:54", "end": "00:07:58", "text": "look into this deeply just so retards"}, {"start": "00:07:55", "end": "00:07:59", "text": "you that there is I I don't know the"}, {"start": "00:07:58", "end": "00:08:01", "text": "details. You can just read yourself but"}, {"start": "00:07:59", "end": "00:08:02", "text": "I knew the result. I told you the result"}, {"start": "00:08:01", "end": "00:08:05", "text": "beforehand. That's the most important"}, {"start": "00:08:02", "end": "00:08:07", "text": "thing. Also it's so out of tune like"}, {"start": "00:08:05", "end": "00:08:09", "text": "some things you know may pump because"}, {"start": "00:08:07", "end": "00:08:12", "text": "they're in tune with the hype. When"}, {"start": "00:08:09", "end": "00:08:14", "text": "Trump launched his coin it was in tune."}, {"start": "00:08:12", "end": "00:08:16", "text": "Here it's so out of tune, man. We're not"}, {"start": "00:08:14", "end": "00:08:18", "text": "even out of the bear properly. We're"}, {"start": "00:08:16", "end": "00:08:20", "text": "just so early early early. And here you"}, {"start": "00:08:18", "end": "00:08:22", "text": "do a meme which is not even funny. I"}, {"start": "00:08:20", "end": "00:08:24", "text": "mean laptop. How fun is that? I mean,"}, {"start": "00:08:22", "end": "00:08:26", "text": "you understand what what is to do a"}, {"start": "00:08:24", "end": "00:08:29", "text": "meme? It has to be no culture laptop."}, {"start": "00:08:26", "end": "00:08:31", "text": "Okay, laptop. What is this laptop, man?"}, {"start": "00:08:29", "end": "00:08:34", "text": "What? What laptop?"}, {"start": "00:08:31", "end": "00:08:38", "text": "Anyway, he's also saying that our"}, {"start": "00:08:34", "end": "00:08:40", "text": "foundation account is suspended."}, {"start": "00:08:38", "end": "00:08:43", "text": "Okay, [gasps] the foundation isn't"}, {"start": "00:08:40", "end": "00:08:45", "text": "stepping away."}, {"start": "00:08:43", "end": "00:08:47", "text": "Why you have a foundation for laptop,"}, {"start": "00:08:45", "end": "00:08:50", "text": "man? Why a foundation for laptop?"}, {"start": "00:08:47", "end": "00:08:52", "text": "[laughter] You know, it's like um Red"}, {"start": "00:08:50", "end": "00:08:55", "text": "Cross Foundation and then it's laptop,"}, {"start": "00:08:52", "end": "00:08:57", "text": "man. Okay, we are working on getting the"}, {"start": "00:08:55", "end": "00:09:00", "text": "account fixed until the foundation is"}, {"start": "00:08:57", "end": "00:09:01", "text": "relaying its true its thoughts via"}, {"start": "00:09:00", "end": "00:09:04", "text": "medium until then the found. Oh, yeah."}, {"start": "00:09:01", "end": "00:09:05", "text": "The Twitter account got back. Here is"}, {"start": "00:09:04", "end": "00:09:07", "text": "breakdown of what happened and how we"}, {"start": "00:09:05", "end": "00:09:08", "text": "stabilize. I mean, let's see if he can"}, {"start": "00:09:07", "end": "00:09:10", "text": "get it back. Let's see if he can get it"}, {"start": "00:09:08", "end": "00:09:13", "text": "back. Thread guy saying, \"Honestly, big"}, {"start": "00:09:10", "end": "00:09:16", "text": "dog, just delete that. Move on. Nothing"}, {"start": "00:09:13", "end": "00:09:18", "text": "getting deleted. This isn't the Epson"}, {"start": "00:09:16", "end": "00:09:22", "text": "files.\" [laughter]"}, {"start": "00:09:18", "end": "00:09:24", "text": "Okay. Okay, guys. Man, Hunter, Hunter,"}, {"start": "00:09:22", "end": "00:09:26", "text": "Hunter, Hunter. Fantastic. I mean, there"}, {"start": "00:09:24", "end": "00:09:28", "text": "is It's so funny this whole thing, man."}, {"start": "00:09:26", "end": "00:09:30", "text": "It's amazing. Amazing. Uh, well, it's"}, {"start": "00:09:28", "end": "00:09:31", "text": "funny if you if you were watching us and"}, {"start": "00:09:30", "end": "00:09:33", "text": "you know, you understood it for what it"}, {"start": "00:09:31", "end": "00:09:34", "text": "is. If you lost money, obviously it's"}, {"start": "00:09:33", "end": "00:09:37", "text": "not funny. But look here. laptop"}, {"start": "00:09:34", "end": "00:09:38", "text": "community launch update. Uh the laptop"}, {"start": "00:09:37", "end": "00:09:41", "text": "community saw a sharp swing in token"}, {"start": "00:09:38", "end": "00:09:43", "text": "price. Okay. Uh it dumped 99%. The"}, {"start": "00:09:41", "end": "00:09:44", "text": "laptop initial pull was this. We're"}, {"start": "00:09:43", "end": "00:09:46", "text": "continuing to work. But basically guys,"}, {"start": "00:09:44", "end": "00:09:48", "text": "I mean if I am to strong, you know,"}, {"start": "00:09:46", "end": "00:09:51", "text": "steelman steelman steelman his position."}, {"start": "00:09:48", "end": "00:09:54", "text": "He's saying that uh yeah the the pump"}, {"start": "00:09:51", "end": "00:09:56", "text": "the init initial pump it was done before"}, {"start": "00:09:54", "end": "00:09:58", "text": "we added liquidity and uh the price was"}, {"start": "00:09:56", "end": "00:10:01", "text": "not real. That's basically what he's"}, {"start": "00:09:58", "end": "00:10:03", "text": "saying that when you see minus 99%. What"}, {"start": "00:10:01", "end": "00:10:05", "text": "he's saying is that um don't I mean"}, {"start": "00:10:03", "end": "00:10:08", "text": "don't worry too much about it because"}, {"start": "00:10:05", "end": "00:10:11", "text": "the this high price that happened where"}, {"start": "00:10:08", "end": "00:10:14", "text": "we fell 99% from it wasn't real like it"}, {"start": "00:10:11", "end": "00:10:16", "text": "was created by snipers who put in bids"}, {"start": "00:10:14", "end": "00:10:18", "text": "at early early early early time before"}, {"start": "00:10:16", "end": "00:10:20", "text": "the liquidity was added and so they"}, {"start": "00:10:18", "end": "00:10:21", "text": "pumped up the price but that price was"}, {"start": "00:10:20", "end": "00:10:24", "text": "without liquidity that was saying and"}, {"start": "00:10:21", "end": "00:10:25", "text": "let's see guys it's it's just"}, {"start": "00:10:24", "end": "00:10:28", "text": "maybe it will recover who the hell knows"}, {"start": "00:10:25", "end": "00:10:30", "text": "but but actually now maybe we can we can"}, {"start": "00:10:28", "end": "00:10:32", "text": "use the trends see this is the best"}, {"start": "00:10:30", "end": "00:10:34", "text": "thing Guys, with our system, with the"}, {"start": "00:10:32", "end": "00:10:37", "text": "money line, we can see what's going to"}, {"start": "00:10:34", "end": "00:10:38", "text": "happen here with uh the laptop."}, {"start": "00:10:37", "end": "00:10:42", "text": "[laughter]"}, {"start": "00:10:38", "end": "00:10:43", "text": "I just feel dumb saying it, but"}, {"start": "00:10:42", "end": "00:10:46", "text": "let's see. Let's see, guys. So, the"}, {"start": "00:10:43", "end": "00:10:49", "text": "hourly is bearish. Okay, so now if you"}, {"start": "00:10:46", "end": "00:10:52", "text": "want to be part of the redemption arc of"}, {"start": "00:10:49", "end": "00:10:54", "text": "laptop, [laughter]"}, {"start": "00:10:52", "end": "00:10:56", "text": "use the hourly money line because maybe"}, {"start": "00:10:54", "end": "00:11:00", "text": "it goes bull. I mean maybe his"}, {"start": "00:10:56", "end": "00:11:02", "text": "foundation foundation will bring it back"}, {"start": "00:11:00", "end": "00:11:04", "text": "because foundation is not stepping down"}, {"start": "00:11:02", "end": "00:11:06", "text": "but at the same time time is I I you"}, {"start": "00:11:04", "end": "00:11:07", "text": "know Hunter how much time he has to do"}, {"start": "00:11:06", "end": "00:11:11", "text": "this how much time he has to know what's"}, {"start": "00:11:07", "end": "00:11:13", "text": "his upside also this guy I mean I I"}, {"start": "00:11:11", "end": "00:11:16", "text": "think he wants to spend time with some"}, {"start": "00:11:13", "end": "00:11:18", "text": "ladies you know you know what you know"}, {"start": "00:11:16", "end": "00:11:20", "text": "you know now he has a bit of a budget"}, {"start": "00:11:18", "end": "00:11:22", "text": "for that so yeah I don't know will he"}, {"start": "00:11:20", "end": "00:11:25", "text": "work to bring him I don't know yes maybe"}, {"start": "00:11:22", "end": "00:11:27", "text": "I'm be I'm judging him too much Maybe"}, {"start": "00:11:25", "end": "00:11:29", "text": "he's a great guy. I I I think he he"}, {"start": "00:11:27", "end": "00:11:31", "text": "wants that candy, you know, nose candy"}, {"start": "00:11:29", "end": "00:11:32", "text": "and uh take it easy, you know. Now he"}, {"start": "00:11:31", "end": "00:11:35", "text": "has some funds. He wants to make some"}, {"start": "00:11:32", "end": "00:11:36", "text": "money. He's he said on Tucker Carlson, I"}, {"start": "00:11:35", "end": "00:11:37", "text": "want to make some He likely has made a"}, {"start": "00:11:36", "end": "00:11:40", "text": "bit of money now. Likely. I don't know"}, {"start": "00:11:37", "end": "00:11:41", "text": "if Sure. I don't I get the point. You"}, {"start": "00:11:40", "end": "00:11:43", "text": "get the point, guys. Welcome everyone"}, {"start": "00:11:41", "end": "00:11:44", "text": "who is watching live. Big shout out to"}, {"start": "00:11:43", "end": "00:11:47", "text": "Guzman for time stamping us today."}, {"start": "00:11:44", "end": "00:11:49", "text": "Guzman, how you're doing? Big welcome"}, {"start": "00:11:47", "end": "00:11:51", "text": "everyone. Smash up the like as soon as"}, {"start": "00:11:49", "end": "00:11:54", "text": "possible. Subscribe to the channel if"}, {"start": "00:11:51", "end": "00:11:55", "text": "you haven't yet and go to the second"}, {"start": "00:11:54", "end": "00:11:57", "text": "link in description which is the bull"}, {"start": "00:11:55", "end": "00:11:59", "text": "mania newsletter. This is a free"}, {"start": "00:11:57", "end": "00:12:01", "text": "newsletter we send out every week about"}, {"start": "00:11:59", "end": "00:12:02", "text": "the market updates what has happened how"}, {"start": "00:12:01", "end": "00:12:04", "text": "the markets moved and this is very"}, {"start": "00:12:02", "end": "00:12:06", "text": "important. I mean for free basically you"}, {"start": "00:12:04", "end": "00:12:07", "text": "get such nice updates about the on"}, {"start": "00:12:06", "end": "00:12:09", "text": "August 4th we said everyone to be"}, {"start": "00:12:07", "end": "00:12:11", "text": "bullish. Look at August 4th look at"}, {"start": "00:12:09", "end": "00:12:12", "text": "Sana. Look at many coins that what"}, {"start": "00:12:11", "end": "00:12:14", "text": "happened since then. Also one of you"}, {"start": "00:12:12", "end": "00:12:17", "text": "guys will be getting the free copy of"}, {"start": "00:12:14", "end": "00:12:19", "text": "the big profits. If you sign up on the"}, {"start": "00:12:17", "end": "00:12:21", "text": "newsletter, you get a a free copy of a"}, {"start": "00:12:19", "end": "00:12:23", "text": "big profits straight to your inbox."}, {"start": "00:12:21", "end": "00:12:26", "text": "Very, very important. That's number one."}, {"start": "00:12:23", "end": "00:12:29", "text": "Number two, if you are a high ticket"}, {"start": "00:12:26", "end": "00:12:32", "text": "closer, if you are a high ticket closer,"}, {"start": "00:12:29", "end": "00:12:34", "text": "you have an opportunity here to join our"}, {"start": "00:12:32", "end": "00:12:37", "text": "team. Guys, let me show you here"}, {"start": "00:12:34", "end": "00:12:39", "text": "quickly. We are looking for high ticket"}, {"start": "00:12:37", "end": "00:12:42", "text": "closers. This is only for people who are"}, {"start": "00:12:39", "end": "00:12:44", "text": "I have experience in it, number one."}, {"start": "00:12:42", "end": "00:12:46", "text": "number two who want to join Bulmania"}, {"start": "00:12:44", "end": "00:12:48", "text": "because we're growing a lot guys. We're"}, {"start": "00:12:46", "end": "00:12:50", "text": "growing so much it's it's insane. Like"}, {"start": "00:12:48", "end": "00:12:53", "text": "demand for Bulmania in this uh market"}, {"start": "00:12:50", "end": "00:12:55", "text": "has been astonishing. I've never seen"}, {"start": "00:12:53", "end": "00:12:57", "text": "anything like this and so we are"}, {"start": "00:12:55", "end": "00:13:00", "text": "expanding the team. If you use the link"}, {"start": "00:12:57", "end": "00:13:02", "text": "below, I think this one should be the"}, {"start": "00:13:00", "end": "00:13:03", "text": "first one in description. If you work as"}, {"start": "00:13:02", "end": "00:13:05", "text": "high ticket closer, if you know what it"}, {"start": "00:13:03", "end": "00:13:07", "text": "is, uh go link below first link. Click"}, {"start": "00:13:05", "end": "00:13:09", "text": "click click as soon as possible. And on"}, {"start": "00:13:07", "end": "00:13:12", "text": "this note guys, we are moving on. So"}, {"start": "00:13:09", "end": "00:13:15", "text": "Guzman shout out"}, {"start": "00:13:12", "end": "00:13:18", "text": "right big shout out to Guzman number two"}, {"start": "00:13:15", "end": "00:13:19", "text": "Bulman newsletter number three um high"}, {"start": "00:13:18", "end": "00:13:21", "text": "ticket closer those are three things you"}, {"start": "00:13:19", "end": "00:13:24", "text": "need to think about now and now we move"}, {"start": "00:13:21", "end": "00:13:27", "text": "on to uh to Robin Hood guys to Robin"}, {"start": "00:13:24", "end": "00:13:30", "text": "Hood now uh as you know there are many"}, {"start": "00:13:27", "end": "00:13:34", "text": "many memes on Robin Hood that have been"}, {"start": "00:13:30", "end": "00:13:38", "text": "created uh that are paired with"}, {"start": "00:13:34", "end": "00:13:41", "text": "uh with uh stocks with stocks okay now"}, {"start": "00:13:38", "end": "00:13:44", "text": "pampan is copying them back because uh"}, {"start": "00:13:41", "end": "00:13:46", "text": "Robin Hood ecosystem copied Pam Fan with"}, {"start": "00:13:44", "end": "00:13:48", "text": "the launches and now Pampan is copying"}, {"start": "00:13:46", "end": "00:13:51", "text": "them back. Basically doing the same"}, {"start": "00:13:48", "end": "00:13:53", "text": "thing. Now on Pam Fan on Solana, you can"}, {"start": "00:13:51", "end": "00:13:55", "text": "uh also launch a memecoin and you can"}, {"start": "00:13:53", "end": "00:13:58", "text": "pair it with uh whatever with whatever."}, {"start": "00:13:55", "end": "00:14:01", "text": "Listen to this."}, {"start": "00:13:58", "end": "00:14:01", "text": "Yeah."}, {"start": "00:14:02", "end": "00:14:06", "text": "Okay. It's just it's just an ad. But"}, {"start": "00:14:04", "end": "00:14:09", "text": "anyway, Sana custom. You can select"}, {"start": "00:14:06", "end": "00:14:12", "text": "custom pair. You can create a coin. It"}, {"start": "00:14:09", "end": "00:14:14", "text": "is paired with some kind of stock, more"}, {"start": "00:14:12", "end": "00:14:18", "text": "liquidity, yada yada. So let's see if"}, {"start": "00:14:14", "end": "00:14:19", "text": "Sana can bring back bring back the"}, {"start": "00:14:18", "end": "00:14:22", "text": "attention being the number one platform"}, {"start": "00:14:19", "end": "00:14:24", "text": "for experimentation and so on so forth."}, {"start": "00:14:22", "end": "00:14:26", "text": "And I see this is good. This is how"}, {"start": "00:14:24", "end": "00:14:29", "text": "competition should be instead of crying."}, {"start": "00:14:26", "end": "00:14:31", "text": "See when Sana became big, ETH was"}, {"start": "00:14:29", "end": "00:14:32", "text": "crying. Oh no, Sana is so bad. You know,"}, {"start": "00:14:31", "end": "00:14:35", "text": "it had outrage this and that. Man, just"}, {"start": "00:14:32", "end": "00:14:37", "text": "compete. I'm all about competition. Is"}, {"start": "00:14:35", "end": "00:14:38", "text": "Solana crying that Robin Hood is a"}, {"start": "00:14:37", "end": "00:14:40", "text": "corporate chain? They're not crying that"}, {"start": "00:14:38", "end": "00:14:41", "text": "Robin Hood is a corporate chain. Are"}, {"start": "00:14:40", "end": "00:14:42", "text": "they crying that Robin Hood is"}, {"start": "00:14:41", "end": "00:14:44", "text": "centralized? They're not crying that"}, {"start": "00:14:42", "end": "00:14:46", "text": "Robin Hood is centralized. They are just"}, {"start": "00:14:44", "end": "00:14:49", "text": "looking at what works and they are"}, {"start": "00:14:46", "end": "00:14:53", "text": "offering products and services on their"}, {"start": "00:14:49", "end": "00:14:56", "text": "chain that can compete. Compete for F's"}, {"start": "00:14:53", "end": "00:14:59", "text": "sake compete. Don't cry. Don't be uh"}, {"start": "00:14:56", "end": "00:15:01", "text": "coping. Don't be coping. I saw some"}, {"start": "00:14:59", "end": "00:15:02", "text": "salana guys coping slightly. just"}, {"start": "00:15:01", "end": "00:15:05", "text": "slightly where they said that Robin Hood"}, {"start": "00:15:02", "end": "00:15:07", "text": "has like 100 times higher fees, but it's"}, {"start": "00:15:05", "end": "00:15:08", "text": "cop because it's still just, you know,"}, {"start": "00:15:07", "end": "00:15:10", "text": "below a dollar fee if you're making"}, {"start": "00:15:08", "end": "00:15:13", "text": "money on freaking coins. You don't"}, {"start": "00:15:10", "end": "00:15:16", "text": "care if there's like $1 fee, but so no"}, {"start": "00:15:13", "end": "00:15:18", "text": "coping, just go and compete. Go and"}, {"start": "00:15:16", "end": "00:15:21", "text": "compete. That's very, very nice. Also,"}, {"start": "00:15:18", "end": "00:15:23", "text": "speaking about Robin Hood, there is a"}, {"start": "00:15:21", "end": "00:15:26", "text": "new movie that has come out. You may not"}, {"start": "00:15:23", "end": "00:15:28", "text": "have seen it about Robin Hood. Uh,"}, {"start": "00:15:26", "end": "00:15:32", "text": "listen to this. Here is the evil evil"}, {"start": "00:15:28", "end": "00:15:32", "text": "king Gary."}, {"start": "00:15:52", "end": "00:15:56", "text": "Your time is up, Gary."}, {"start": "00:16:02", "end": "00:16:05", "text": ">> [laughter]"}, {"start": "00:16:03", "end": "00:16:07", "text": ">> Big shout out to Gary."}, {"start": "00:16:05", "end": "00:16:10", "text": "Yeah, let's see guys how this uh Robin"}, {"start": "00:16:07", "end": "00:16:12", "text": "Hood meme stock stuff is continuing. But"}, {"start": "00:16:10", "end": "00:16:15", "text": "overall, I love that Robin Hood has"}, {"start": "00:16:12", "end": "00:16:17", "text": "really taken this stock market stuff and"}, {"start": "00:16:15", "end": "00:16:19", "text": "more or less made it mainstream on"}, {"start": "00:16:17", "end": "00:16:21", "text": "chain. More or less made it mainstream"}, {"start": "00:16:19", "end": "00:16:24", "text": "on chain. And there are many questions"}, {"start": "00:16:21", "end": "00:16:27", "text": "that the traditional media has to Robin"}, {"start": "00:16:24", "end": "00:16:29", "text": "Hood about all of this. Um they they're"}, {"start": "00:16:27", "end": "00:16:30", "text": "asking what is tokenized stock and it's"}, {"start": "00:16:29", "end": "00:16:32", "text": "good this is good they're learning"}, {"start": "00:16:30", "end": "00:16:34", "text": "they're learning they're learning more"}, {"start": "00:16:32", "end": "00:16:36", "text": "and more they are understanding more and"}, {"start": "00:16:34", "end": "00:16:41", "text": "more let me see if I can find this video"}, {"start": "00:16:36", "end": "00:16:44", "text": "where uh where uh uh Vlad is explaining"}, {"start": "00:16:41", "end": "00:16:46", "text": "uh on uh what is it CNBC or something"}, {"start": "00:16:44", "end": "00:16:49", "text": "where is this tweet I had it somewhere"}, {"start": "00:16:46", "end": "00:16:52", "text": "one second one second one second one"}, {"start": "00:16:49", "end": "00:16:54", "text": "second not here not here basically it"}, {"start": "00:16:52", "end": "00:16:57", "text": "was on this uh Andrew Sorcin show where"}, {"start": "00:16:54", "end": "00:16:59", "text": "he got asked about all the details all"}, {"start": "00:16:57", "end": "00:17:01", "text": "the details with uh Robin Hood. Oh yeah,"}, {"start": "00:16:59", "end": "00:17:03", "text": "here it is. Uh let's listen to this"}, {"start": "00:17:01", "end": "00:17:05", "text": "because this is important. As the trady"}, {"start": "00:17:03", "end": "00:17:08", "text": "is learning about the existence of"}, {"start": "00:17:05", "end": "00:17:09", "text": "tokenized stocks, what it means, they"}, {"start": "00:17:08", "end": "00:17:11", "text": "have so many questions, so many basic"}, {"start": "00:17:09", "end": "00:17:13", "text": "questions and I think many guys in"}, {"start": "00:17:11", "end": "00:17:14", "text": "crypto community also have the same"}, {"start": "00:17:13", "end": "00:17:17", "text": "questions. So let me just play it to you"}, {"start": "00:17:14", "end": "00:17:18", "text": "so we all learn together with Andrew"}, {"start": "00:17:17", "end": "00:17:20", "text": "Sorcin. Listen to this"}, {"start": "00:17:18", "end": "00:17:22", "text": ">> quickly. I I kind of hear what you're"}, {"start": "00:17:20", "end": "00:17:24", "text": "saying, but I understand Adam Aronson's"}, {"start": "00:17:22", "end": "00:17:26", "text": "frustration with this. He's trying to"}, {"start": "00:17:24", "end": "00:17:29", "text": "build something. He's trying to continue"}, {"start": "00:17:26", "end": "00:17:31", "text": "to build something and you know he wants"}, {"start": "00:17:29", "end": "00:17:33", "text": "investors who are interested and believe"}, {"start": "00:17:31", "end": "00:17:36", "text": "in his product to come to him not to go"}, {"start": "00:17:33", "end": "00:17:37", "text": "through you. So what what what's what"}, {"start": "00:17:36", "end": "00:17:40", "text": "she's saying here is that there is a"}, {"start": "00:17:37", "end": "00:17:43", "text": "drama now with the AMC"}, {"start": "00:17:40", "end": "00:17:45", "text": "stock CEO like AMC company CEO you know"}, {"start": "00:17:43", "end": "00:17:48", "text": "the movie theater and so on. They don't"}, {"start": "00:17:45", "end": "00:17:50", "text": "like that Vlad took their stock and made"}, {"start": "00:17:48", "end": "00:17:53", "text": "a token out of it and now it is on"}, {"start": "00:17:50", "end": "00:17:55", "text": "chain. Now we can argue whether he"}, {"start": "00:17:53", "end": "00:17:56", "text": "should like it, he should not like it. I"}, {"start": "00:17:55", "end": "00:17:58", "text": "mean you can argue that he should like"}, {"start": "00:17:56", "end": "00:18:00", "text": "it because now their stock is relevant."}, {"start": "00:17:58", "end": "00:18:02", "text": "At the same time there's a big question"}, {"start": "00:18:00", "end": "00:18:05", "text": "here. What is possible and what is"}, {"start": "00:18:02", "end": "00:18:07", "text": "allowed to do with a stock and uh does"}, {"start": "00:18:05", "end": "00:18:09", "text": "it even matter that the company"}, {"start": "00:18:07", "end": "00:18:10", "text": "themselves don't like that their stocks"}, {"start": "00:18:09", "end": "00:18:12", "text": "are tokenized? So this is what she's"}, {"start": "00:18:10", "end": "00:18:14", "text": "asking."}, {"start": "00:18:12", "end": "00:18:16", "text": ">> He thinks if they go to you instead of"}, {"start": "00:18:14", "end": "00:18:19", "text": "going to him, his stock price is not"}, {"start": "00:18:16", "end": "00:18:20", "text": "going to do as well. He points out"}, {"start": "00:18:19", "end": "00:18:22", "text": "validly that if they're going to you"}, {"start": "00:18:20", "end": "00:18:23", "text": "instead of him, they don't get a chance"}, {"start": "00:18:22", "end": "00:18:26", "text": "to vote as a shareholder. I can"}, {"start": "00:18:23", "end": "00:18:29", "text": "understand why a CEO would be frustrated"}, {"start": "00:18:26", "end": "00:18:30", "text": "and upset about that. Um, what makes you"}, {"start": "00:18:29", "end": "00:18:32", "text": "think that other CEOs aren't going to"}, {"start": "00:18:30", "end": "00:18:33", "text": "think the same thing? Hey, if they're"}, {"start": "00:18:32", "end": "00:18:35", "text": "interested in buying shares of my"}, {"start": "00:18:33", "end": "00:18:38", "text": "company, they should buy it from me, not"}, {"start": "00:18:35", "end": "00:18:40", "text": "buy something that you've modeled to to"}, {"start": "00:18:38", "end": "00:18:43", "text": "transfer off of it through you. That"}, {"start": "00:18:40", "end": "00:18:44", "text": "that may in turn hurt my stock price"}, {"start": "00:18:43", "end": "00:18:45", "text": "because I'm not getting all the people"}, {"start": "00:18:44", "end": "00:18:48", "text": "who are interested in buying my stock"}, {"start": "00:18:45", "end": "00:18:51", "text": "buying it. I mean I I think that there"}, {"start": "00:18:48", "end": "00:18:55", "text": "there's two things there. Number one,"}, {"start": "00:18:51", "end": "00:19:00", "text": "these uh are products available outside"}, {"start": "00:18:55", "end": "00:19:03", "text": "the US in 120 plus countries. And in a"}, {"start": "00:19:00", "end": "00:19:05", "text": "lot of those places, uh people don't"}, {"start": "00:19:03", "end": "00:19:08", "text": "have easy access to US equities. There's"}, {"start": "00:19:05", "end": "00:19:10", "text": "no underlying brokerage infrastructure."}, {"start": "00:19:08", "end": "00:19:13", "text": "There's no Robin Hood where you can go"}, {"start": "00:19:10", "end": "00:19:15", "text": "on your app and and buy shares. So, we"}, {"start": "00:19:13", "end": "00:19:17", "text": "think a lot of this is actually net new"}, {"start": "00:19:15", "end": "00:19:19", "text": "business and the opportunity for these"}, {"start": "00:19:17", "end": "00:19:21", "text": "companies to access a whole new"}, {"start": "00:19:19", "end": "00:19:22", "text": ">> business for you. What's Adamson get"}, {"start": "00:19:21", "end": "00:19:25", "text": "from it?"}, {"start": "00:19:22", "end": "00:19:27", "text": ">> Well, he gets access to a whole new uh"}, {"start": "00:19:25", "end": "00:19:29", "text": "shareholder base, people who have"}, {"start": "00:19:27", "end": "00:19:34", "text": "exposure to his stock. Um,"}, {"start": "00:19:29", "end": "00:19:37", "text": ">> and because the tokens are backed one by"}, {"start": "00:19:34", "end": "00:19:40", "text": "one one to one by underlying shares, uh,"}, {"start": "00:19:37", "end": "00:19:42", "text": "there is stock purchase backing these"}, {"start": "00:19:40", "end": "00:19:44", "text": "sto these tokens. Um,"}, {"start": "00:19:42", "end": "00:19:46", "text": ">> so her question was a bit"}, {"start": "00:19:44", "end": "00:19:49", "text": "because uh he's saying listen you're"}, {"start": "00:19:46", "end": "00:19:53", "text": "going to get the pump anyway. Okay. If"}, {"start": "00:19:49", "end": "00:19:59", "text": "someone in Africa in subsaharan Africa"}, {"start": "00:19:53", "end": "00:20:04", "text": "buys AMC from the wallet AMC stock Vlad"}, {"start": "00:19:59", "end": "00:20:07", "text": "will have to buy the actual stock. Okay."}, {"start": "00:20:04", "end": "00:20:09", "text": "So now you have the whole world pumping"}, {"start": "00:20:07", "end": "00:20:11", "text": "the the stocks on chain. Okay. and you"}, {"start": "00:20:09", "end": "00:20:13", "text": "get you get the buy pressure propagated"}, {"start": "00:20:11", "end": "00:20:14", "text": "to the real stock, you understand to the"}, {"start": "00:20:13", "end": "00:20:16", "text": "real stock."}, {"start": "00:20:14", "end": "00:20:17", "text": ">> So I I think that's just a misconception"}, {"start": "00:20:16", "end": "00:20:19", "text": "obviously."}, {"start": "00:20:17", "end": "00:20:21", "text": ">> And just so I understand because it's"}, {"start": "00:20:19", "end": "00:20:25", "text": "one to one does does the token come with"}, {"start": "00:20:21", "end": "00:20:27", "text": "all of the um"}, {"start": "00:20:25", "end": "00:20:29", "text": "voting rights and everything else that's"}, {"start": "00:20:27", "end": "00:20:32", "text": "associated dividends and the like with"}, {"start": "00:20:29", "end": "00:20:36", "text": "with owning the actual stock."}, {"start": "00:20:32", "end": "00:20:39", "text": ">> It it it comes with dividends. um voting"}, {"start": "00:20:36", "end": "00:20:42", "text": "rights not in this case because it is a"}, {"start": "00:20:39", "end": "00:20:44", "text": "debt security and the shares are held as"}, {"start": "00:20:42", "end": "00:20:49", "text": "collateral but again that's not"}, {"start": "00:20:44", "end": "00:20:51", "text": "dissimilar to how an ADR or an ETF would"}, {"start": "00:20:49", "end": "00:20:54", "text": "function right if you have an ETF and"}, {"start": "00:20:51", "end": "00:20:57", "text": "you get exposure to an underlying you're"}, {"start": "00:20:54", "end": "00:21:00", "text": "not voting uh in in each underlying"}, {"start": "00:20:57", "end": "00:21:02", "text": ">> can Larry Fank vote my my my stuff uh I"}, {"start": "00:21:00", "end": "00:21:05", "text": "want to put him in charge Vlad I really"}, {"start": "00:21:02", "end": "00:21:06", "text": "like his politics is that possible Oh,"}, {"start": "00:21:05", "end": "00:21:07", "text": ">> can I"}, {"start": "00:21:06", "end": "00:21:09", "text": ">> We can look into that, Joe."}, {"start": "00:21:07", "end": "00:21:12", "text": ">> Yeah, thanks."}, {"start": "00:21:09", "end": "00:21:15", "text": ">> Uh Vlad, can you vote the shares?"}, {"start": "00:21:12", "end": "00:21:18", "text": ">> Um me personally, I mean I uh"}, {"start": "00:21:15", "end": "00:21:19", "text": ">> No, I'm saying well is Robin Hood going"}, {"start": "00:21:18", "end": "00:21:22", "text": "to be voting the share in the same way"}, {"start": "00:21:19", "end": "00:21:24", "text": "that Joe's unhappy that that Larry's"}, {"start": "00:21:22", "end": "00:21:27", "text": "voting shares though it's his firm. Is"}, {"start": "00:21:24", "end": "00:21:30", "text": "Robin Hood voting those shares?"}, {"start": "00:21:27", "end": "00:21:33", "text": "Um I I think that we haven't really"}, {"start": "00:21:30", "end": "00:21:36", "text": "announced plans for for the voting"}, {"start": "00:21:33", "end": "00:21:39", "text": "aspect of of that. Um"}, {"start": "00:21:36", "end": "00:21:41", "text": "so I mean we we can we'll certainly"}, {"start": "00:21:39", "end": "00:21:43", "text": "share more if we have it."}, {"start": "00:21:41", "end": "00:21:44", "text": ">> Yeah. I mean this one is is a massive"}, {"start": "00:21:43", "end": "00:21:46", "text": "one because you know that one of the"}, {"start": "00:21:44", "end": "00:21:48", "text": "most influential companies in the world"}, {"start": "00:21:46", "end": "00:21:50", "text": "is Black Rockck because when you buy a"}, {"start": "00:21:48", "end": "00:21:52", "text": "Black Rockck ETF they take your money"}, {"start": "00:21:50", "end": "00:21:54", "text": "they buy all of the underlying companies"}, {"start": "00:21:52", "end": "00:21:56", "text": "and now they get to vote what happens to"}, {"start": "00:21:54", "end": "00:21:57", "text": "those companies. they are part of the"}, {"start": "00:21:56", "end": "00:22:00", "text": "board in some cases or they're part of"}, {"start": "00:21:57", "end": "00:22:02", "text": "just shareholders voting on different"}, {"start": "00:22:00", "end": "00:22:05", "text": "matters in the annual general meeting or"}, {"start": "00:22:02", "end": "00:22:07", "text": "or in other other situations where the"}, {"start": "00:22:05", "end": "00:22:09", "text": "shareholder vote is needed. So what what"}, {"start": "00:22:07", "end": "00:22:11", "text": "CNBC is asking Vlad here is very"}, {"start": "00:22:09", "end": "00:22:14", "text": "important because should the tokenized"}, {"start": "00:22:11", "end": "00:22:17", "text": "stocks become massive and maybe in the"}, {"start": "00:22:14", "end": "00:22:19", "text": "future even bigger than ETFs in the"}, {"start": "00:22:17", "end": "00:22:20", "text": "future as uh this is more global it's"}, {"start": "00:22:19", "end": "00:22:22", "text": "more inclusive you don't have to have a"}, {"start": "00:22:20", "end": "00:22:25", "text": "brokerage account you don't need to do"}, {"start": "00:22:22", "end": "00:22:27", "text": "any KYC so they could become bigger"}, {"start": "00:22:25", "end": "00:22:29", "text": "because people around the world will be"}, {"start": "00:22:27", "end": "00:22:33", "text": "buying tokenized stock and for all of"}, {"start": "00:22:29", "end": "00:22:35", "text": "these tokenized stocks the voting the"}, {"start": "00:22:33", "end": "00:22:37", "text": "voting power goes to Vlad goes to Vlad"}, {"start": "00:22:35", "end": "00:22:38", "text": "and Robin that's a That's a massive"}, {"start": "00:22:37", "end": "00:22:40", "text": "question actually in terms of the"}, {"start": "00:22:38", "end": "00:22:41", "text": "corporate influence"}, {"start": "00:22:40", "end": "00:22:44", "text": ">> but okay"}, {"start": "00:22:41", "end": "00:22:47", "text": ">> again there is established uh there is"}, {"start": "00:22:44", "end": "00:22:50", "text": "established precedent for"}, {"start": "00:22:47", "end": "00:22:53", "text": "uh creating these types of products and"}, {"start": "00:22:50", "end": "00:22:55", "text": "you know they they give exposure to"}, {"start": "00:22:53", "end": "00:22:58", "text": "these assets to people all over the"}, {"start": "00:22:55", "end": "00:23:01", "text": "world. So I do think this is the future."}, {"start": "00:22:58", "end": "00:23:02", "text": "The entire financial industry is headed"}, {"start": "00:23:01", "end": "00:23:06", "text": "in this direction. Wow."}, {"start": "00:23:02", "end": "00:23:08", "text": ">> The US is is also working on innovation"}, {"start": "00:23:06", "end": "00:23:12", "text": "exemptions to allow for for tokenized"}, {"start": "00:23:08", "end": "00:23:13", "text": "securities out here and it'll take time"}, {"start": "00:23:12", "end": "00:23:16", "text": "to educate."}, {"start": "00:23:13", "end": "00:23:18", "text": ">> Yeah, big big shout out to to Vlad. He's"}, {"start": "00:23:16", "end": "00:23:20", "text": "fantastic. I mean, this is what he what"}, {"start": "00:23:18", "end": "00:23:22", "text": "he's saying is fully correct here and"}, {"start": "00:23:20", "end": "00:23:23", "text": "people want onchain stock and the market"}, {"start": "00:23:22", "end": "00:23:24", "text": "gives them onchain stock. That's it. So,"}, {"start": "00:23:23", "end": "00:23:26", "text": "that's how onchain stocks work. Now,"}, {"start": "00:23:24", "end": "00:23:29", "text": "they're also on Solana. They've been on"}, {"start": "00:23:26", "end": "00:23:31", "text": "Sana for a long time. See, here's where"}, {"start": "00:23:29", "end": "00:23:32", "text": "execution matters because Sana"}, {"start": "00:23:31", "end": "00:23:34", "text": "technically had token stocks before"}, {"start": "00:23:32", "end": "00:23:37", "text": "Robin Hood, but Robin Hood was just"}, {"start": "00:23:34", "end": "00:23:38", "text": "better at executing. So, there's a big"}, {"start": "00:23:37", "end": "00:23:39", "text": "lesson in there because sometimes people"}, {"start": "00:23:38", "end": "00:23:41", "text": "are saying, \"Ivan, I have an idea for a"}, {"start": "00:23:39", "end": "00:23:42", "text": "startup. I don't want to tell you"}, {"start": "00:23:41", "end": "00:23:44", "text": "because it's like super secret.\" M."}, {"start": "00:23:42", "end": "00:23:45", "text": "Listen, no one cares about your idea."}, {"start": "00:23:44", "end": "00:23:48", "text": "It's all about execution. You got to"}, {"start": "00:23:45", "end": "00:23:51", "text": "execute. Vlad came executed the crap out"}, {"start": "00:23:48", "end": "00:23:53", "text": "of this stock. And let's see if Salana"}, {"start": "00:23:51", "end": "00:23:55", "text": "can catch up. But, all in all, it's good"}, {"start": "00:23:53", "end": "00:23:57", "text": "for the end user. There's all kinds of"}, {"start": "00:23:55", "end": "00:24:01", "text": "different uh solutions and compositions"}, {"start": "00:23:57", "end": "00:24:03", "text": "etc. Look here you have Fed potentially"}, {"start": "00:24:01", "end": "00:24:07", "text": "increasing the rate in September."}, {"start": "00:24:03", "end": "00:24:09", "text": "According to poly market, according to"}, {"start": "00:24:07", "end": "00:24:12", "text": "different uh u different prediction"}, {"start": "00:24:09", "end": "00:24:15", "text": "markets, the number one the number one"}, {"start": "00:24:12", "end": "00:24:16", "text": "outcome is Fed uh increasing rates. Uh"}, {"start": "00:24:15", "end": "00:24:19", "text": "let's see. I mean that would be that"}, {"start": "00:24:16", "end": "00:24:22", "text": "would be quite spicy uh if they increase"}, {"start": "00:24:19", "end": "00:24:26", "text": "rate. Trump wants them down. Trump said"}, {"start": "00:24:22", "end": "00:24:28", "text": "that he would more or less do tariff"}, {"start": "00:24:26", "end": "00:24:30", "text": "against the Fed or what did he say? Let"}, {"start": "00:24:28", "end": "00:24:32", "text": "me see. This was a few weeks ago. This"}, {"start": "00:24:30", "end": "00:24:34", "text": "isn't super recent, but let's see. Trump"}, {"start": "00:24:32", "end": "00:24:37", "text": "interest rate"}, {"start": "00:24:34", "end": "00:24:37", "text": "uh tariff."}, {"start": "00:24:37", "end": "00:24:40", "text": "[laughter]"}, {"start": "00:24:37", "end": "00:24:42", "text": "What did he say? I need to find it. He"}, {"start": "00:24:40", "end": "00:24:44", "text": "was saying that if they don't cut"}, {"start": "00:24:42", "end": "00:24:47", "text": "interest rate,"}, {"start": "00:24:44", "end": "00:24:49", "text": "he he's going to do something which is"}, {"start": "00:24:47", "end": "00:24:51", "text": "like uh"}, {"start": "00:24:49", "end": "00:24:54", "text": "tariffing"}, {"start": "00:24:51", "end": "00:24:54", "text": "Oh yeah. Know here, here, here."}, {"start": "00:24:54", "end": "00:24:56", "text": "[laughter]"}, {"start": "00:24:54", "end": "00:24:58", "text": "Lower the interest rate because the US"}, {"start": "00:24:56", "end": "00:25:00", "text": "is much stronger in credit than um every"}, {"start": "00:24:58", "end": "00:25:02", "text": "anything else. So they should have the"}, {"start": "00:25:00", "end": "00:25:04", "text": "lowest. He's saying lower the rate or"}, {"start": "00:25:02", "end": "00:25:07", "text": "I'll stop trading with countries with"}, {"start": "00:25:04", "end": "00:25:07", "text": "which we have a deficit. [laughter]"}, {"start": "00:25:08", "end": "00:25:13", "text": "Great. So this was on September 4th. Uh"}, {"start": "00:25:10", "end": "00:25:15", "text": "this was over a week ago. Great job"}, {"start": "00:25:13", "end": "00:25:17", "text": "numbers and you haven't seen anything"}, {"start": "00:25:15", "end": "00:25:19", "text": "yet. Employers added this many jobs in"}, {"start": "00:25:17", "end": "00:25:23", "text": "August."}, {"start": "00:25:19", "end": "00:25:25", "text": "So uh he's saying elite lower the rate"}, {"start": "00:25:23", "end": "00:25:28", "text": "or I'll stop trading with countries"}, {"start": "00:25:25", "end": "00:25:30", "text": "which we have a deficit with which we"}, {"start": "00:25:28", "end": "00:25:32", "text": "have a deficit which the US Supreme"}, {"start": "00:25:30", "end": "00:25:34", "text": "Court in his ridiculous and very cost"}, {"start": "00:25:32", "end": "00:25:36", "text": "decision strongly acknowledge the"}, {"start": "00:25:34", "end": "00:25:38", "text": "president has an absolute right to do"}, {"start": "00:25:36", "end": "00:25:41", "text": "it's better than tariffs [laughter] the"}, {"start": "00:25:38", "end": "00:25:44", "text": "Fed board in in with it great leader"}, {"start": "00:25:41", "end": "00:25:46", "text": "must get smart be patriots [laughter] oh"}, {"start": "00:25:44", "end": "00:25:47", "text": "yeah let's see guys let's we just going"}, {"start": "00:25:46", "end": "00:25:50", "text": "to react to whatever happens guys we're"}, {"start": "00:25:47", "end": "00:25:52", "text": "going to be okay uh But uh a lot of"}, {"start": "00:25:50", "end": "00:25:53", "text": "drama, a lot of drama in financial"}, {"start": "00:25:52", "end": "00:25:55", "text": "markets as you can see. Will they"}, {"start": "00:25:53", "end": "00:25:57", "text": "increase? Will they decrease? Meanwhile,"}, {"start": "00:25:55", "end": "00:25:59", "text": "with bullmania, we have a simple system."}, {"start": "00:25:57", "end": "00:26:00", "text": "With bullish, bearish, should the trade"}, {"start": "00:25:59", "end": "00:26:02", "text": "go against us, we have a stop-loss."}, {"start": "00:26:00", "end": "00:26:04", "text": "Should the trade go against us, we have"}, {"start": "00:26:02", "end": "00:26:06", "text": "a scenario for everything. We have a"}, {"start": "00:26:04", "end": "00:26:07", "text": "scenario literally for everything. So,"}, {"start": "00:26:06", "end": "00:26:09", "text": "we're going to make money no matter"}, {"start": "00:26:07", "end": "00:26:10", "text": "what. No, no matter which market,"}, {"start": "00:26:09", "end": "00:26:12", "text": "always, always, always, always, always."}, {"start": "00:26:10", "end": "00:26:14", "text": "So, imagine trying to trade based on all"}, {"start": "00:26:12", "end": "00:26:16", "text": "of this. How you trade based on all of"}, {"start": "00:26:14", "end": "00:26:18", "text": "this, I don't know. But if you trade"}, {"start": "00:26:16", "end": "00:26:20", "text": "based on trends, if you know the"}, {"start": "00:26:18", "end": "00:26:22", "text": "mechanical rules, it's man, it's easy."}, {"start": "00:26:20", "end": "00:26:25", "text": "It's easy. It's easy. It's easy mode."}, {"start": "00:26:22", "end": "00:26:29", "text": "Your life becomes easy mode. Uh next,"}, {"start": "00:26:25", "end": "00:26:32", "text": "you have also uh here uh Bessant saying"}, {"start": "00:26:29", "end": "00:26:35", "text": "that he needs the clarity act. He is"}, {"start": "00:26:32", "end": "00:26:38", "text": "saying that it's time to get the clarity"}, {"start": "00:26:35", "end": "00:26:40", "text": "act yet again for the hundth time. And"}, {"start": "00:26:38", "end": "00:26:42", "text": "also he's saying that I'm the house now."}, {"start": "00:26:40", "end": "00:26:46", "text": "When it comes to the bond market, he's"}, {"start": "00:26:42", "end": "00:26:48", "text": "saying I'm the house. And um and uh"}, {"start": "00:26:46", "end": "00:26:50", "text": "yeah, basically don't trade against me."}, {"start": "00:26:48", "end": "00:26:54", "text": "Listen to this."}, {"start": "00:26:50", "end": "00:26:57", "text": ">> Whenever people say, \"Oh, well, Treasury"}, {"start": "00:26:54", "end": "00:26:59", "text": "Secretary is taking a risk is well, it's"}, {"start": "00:26:57", "end": "00:27:02", "text": "my dream. I have asymmetric"}, {"start": "00:26:59", "end": "00:27:05", "text": "information.\" Like, I am the house now."}, {"start": "00:27:02", "end": "00:27:08", "text": "when we intervene with the Japanese yen,"}, {"start": "00:27:05", "end": "00:27:10", "text": "I have pretty good insight into what the"}, {"start": "00:27:08", "end": "00:27:13", "text": "Japanese what the Bank of Japan's going"}, {"start": "00:27:10", "end": "00:27:19", "text": "to do, what Japanese policy makers are"}, {"start": "00:27:13", "end": "00:27:22", "text": "going to do. Um, and um, if you can bet"}, {"start": "00:27:19", "end": "00:27:25", "text": "against me if you want, whenever people"}, {"start": "00:27:22", "end": "00:27:28", "text": ">> bet against me if you want. Exactly. So"}, {"start": "00:27:25", "end": "00:27:31", "text": "all in all guys uh the conclusion out of"}, {"start": "00:27:28", "end": "00:27:34", "text": "everything here is printer online as"}, {"start": "00:27:31", "end": "00:27:36", "text": "soon as possible. Printer will come"}, {"start": "00:27:34", "end": "00:27:39", "text": "online. Um I don't put too much weight"}, {"start": "00:27:36", "end": "00:27:42", "text": "into this rate hike uh narrative at all"}, {"start": "00:27:39", "end": "00:27:44", "text": "because this is not the time to be to be"}, {"start": "00:27:42", "end": "00:27:46", "text": "bearish. The time to be bearish was uh"}, {"start": "00:27:44", "end": "00:27:48", "text": "last October when we were bearish. It's"}, {"start": "00:27:46", "end": "00:27:49", "text": "not the time to be bearish now. There's"}, {"start": "00:27:48", "end": "00:27:51", "text": "always going to be a narrative which"}, {"start": "00:27:49", "end": "00:27:53", "text": "sounds bearish. There's always going to"}, {"start": "00:27:51", "end": "00:27:55", "text": "be some kind of concern always about"}, {"start": "00:27:53", "end": "00:27:58", "text": "something. There is never a time in the"}, {"start": "00:27:55", "end": "00:28:00", "text": "world where you have everything just"}, {"start": "00:27:58", "end": "00:28:03", "text": "bullish and there's no fear and there's"}, {"start": "00:28:00", "end": "00:28:04", "text": "no counterargument and the at the same"}, {"start": "00:28:03", "end": "00:28:06", "text": "time it's vice versa also there's never"}, {"start": "00:28:04", "end": "00:28:08", "text": "a time where everything is just bearish."}, {"start": "00:28:06", "end": "00:28:11", "text": "So you have to take all the information"}, {"start": "00:28:08", "end": "00:28:12", "text": "and make a bet. Make a bet which may go"}, {"start": "00:28:11", "end": "00:28:14", "text": "against you. You may lose money but you"}, {"start": "00:28:12", "end": "00:28:16", "text": "have a stop loss done. Fantastic."}, {"start": "00:28:14", "end": "00:28:21", "text": "Fantastic. So guys that's that. Let's go"}, {"start": "00:28:16", "end": "00:28:23", "text": "to Q&A questions, answers, debates,"}, {"start": "00:28:21", "end": "00:28:26", "text": "discussions. While you are thinking"}, {"start": "00:28:23", "end": "00:28:28", "text": "about questions and all of this, go to"}, {"start": "00:28:26", "end": "00:28:29", "text": "bullmania.com/subscribe."}, {"start": "00:28:28", "end": "00:28:31", "text": "This is the second link in the"}, {"start": "00:28:29", "end": "00:28:33", "text": "description. Go to the newsletter and"}, {"start": "00:28:31", "end": "00:28:37", "text": "also we have a fantastic fantastic"}, {"start": "00:28:33", "end": "00:28:41", "text": "Bullmania story here from Mariana. She"}, {"start": "00:28:37", "end": "00:28:43", "text": "shared it on our last weekly weekly uh"}, {"start": "00:28:41", "end": "00:28:45", "text": "live stream which is private for bull"}, {"start": "00:28:43", "end": "00:28:47", "text": "media members. Listen to this. while"}, {"start": "00:28:45", "end": "00:28:49", "text": "you're thinking about your great great"}, {"start": "00:28:47", "end": "00:28:50", "text": "questions."}, {"start": "00:28:49", "end": "00:28:54", "text": "Mariana says, \"Guys, you're amazing. You"}, {"start": "00:28:50", "end": "00:28:56", "text": "have saved me 350K.\" Holy crap. And the"}, {"start": "00:28:54", "end": "00:28:58", "text": "wizard is another fantastic Mariana."}, {"start": "00:28:56", "end": "00:29:00", "text": "Fantastic to hear. And also, by the way,"}, {"start": "00:28:58", "end": "00:29:03", "text": "sometimes [clears throat] I see people"}, {"start": "00:29:00", "end": "00:29:04", "text": "in Discord. They ask like so specific"}, {"start": "00:29:03", "end": "00:29:06", "text": "about their portfolio. They're like,"}, {"start": "00:29:04", "end": "00:29:08", "text": "\"Okay, I have this much money. Should I"}, {"start": "00:29:06", "end": "00:29:09", "text": "should I buy should I invest this amount"}, {"start": "00:29:08", "end": "00:29:12", "text": "or that amount?\" And you know, we can"}, {"start": "00:29:09", "end": "00:29:14", "text": "help in Discord also. Um but you know in"}, {"start": "00:29:12", "end": "00:29:16", "text": "these cases where you really like ask"}, {"start": "00:29:14", "end": "00:29:18", "text": "over and over again about your specific"}, {"start": "00:29:16", "end": "00:29:20", "text": "situation. Yeah I have this amount of"}, {"start": "00:29:18", "end": "00:29:22", "text": "portfolio I have a 15K in the stock"}, {"start": "00:29:20", "end": "00:29:24", "text": "market I have this you know it's for"}, {"start": "00:29:22", "end": "00:29:26", "text": "these cases where you feel like you are"}, {"start": "00:29:24", "end": "00:29:28", "text": "like that you you need Jason you need"}, {"start": "00:29:26", "end": "00:29:30", "text": "JSON call as soon as possible. Of course"}, {"start": "00:29:28", "end": "00:29:31", "text": "we can also help you in Discord but you"}, {"start": "00:29:30", "end": "00:29:34", "text": "know in Discord it's going to be"}, {"start": "00:29:31", "end": "00:29:36", "text": "chatting you you write something we chat"}, {"start": "00:29:34", "end": "00:29:38", "text": "back it's not fully I mean you"}, {"start": "00:29:36", "end": "00:29:39", "text": "understand like it's night and day. It's"}, {"start": "00:29:38", "end": "00:29:42", "text": "night and day. Of course, we're happy to"}, {"start": "00:29:39", "end": "00:29:43", "text": "help in Discord also, but uh it's nice"}, {"start": "00:29:42", "end": "00:29:44", "text": "and dense to have a proper one. Anyway,"}, {"start": "00:29:43", "end": "00:29:47", "text": "guys, thank you very much for being"}, {"start": "00:29:44", "end": "00:29:48", "text": "here. Big sh fantastic. Big shout to"}, {"start": "00:29:47", "end": "00:29:50", "text": "Mariana and this is why you know in"}, {"start": "00:29:48", "end": "00:29:53", "text": "Bulmania because we have this one"}, {"start": "00:29:50", "end": "00:29:56", "text": "approach. Many people who speak to Jason"}, {"start": "00:29:53", "end": "00:29:58", "text": "in this case, this is our Chinese quant"}, {"start": "00:29:56", "end": "00:29:59", "text": "are changed in many cases. Their lives"}, {"start": "00:29:58", "end": "00:30:02", "text": "are changed. So there's there's no"}, {"start": "00:29:59", "end": "00:30:04", "text": "product such as Bulmania anywhere on the"}, {"start": "00:30:02", "end": "00:30:06", "text": "market because literally oneonone with"}, {"start": "00:30:04", "end": "00:30:08", "text": "Jason people come out. There there was"}, {"start": "00:30:06", "end": "00:30:10", "text": "another guy a few weeks ago. He said"}, {"start": "00:30:08", "end": "00:30:12", "text": "that he saved the 500k. This was all in"}, {"start": "00:30:10", "end": "00:30:14", "text": "the bare market. And again, we were this"}, {"start": "00:30:12", "end": "00:30:17", "text": "was all throughout the bear. Imagine now"}, {"start": "00:30:14", "end": "00:30:20", "text": "that guy has 500k to deploy in new bull"}, {"start": "00:30:17", "end": "00:30:22", "text": "trends. Oh, or or this girl Mariana now"}, {"start": "00:30:20", "end": "00:30:24", "text": "she can deploy in new bull trends. Why?"}, {"start": "00:30:22", "end": "00:30:27", "text": "Because we have great tools. We have"}, {"start": "00:30:24", "end": "00:30:30", "text": "great education. We help you in Discord."}, {"start": "00:30:27", "end": "00:30:32", "text": "But also you get this amazing one-on-one"}, {"start": "00:30:30", "end": "00:30:34", "text": "experience with Jason. Oh, he's the"}, {"start": "00:30:32", "end": "00:30:35", "text": "best. He's the best. I mean, it is a"}, {"start": "00:30:34", "end": "00:30:38", "text": "gift to humanity. And also booming AI."}, {"start": "00:30:35", "end": "00:30:40", "text": "Never forget bulli. Let's let's actually"}, {"start": "00:30:38", "end": "00:30:43", "text": "see if we missed something from Boom AI."}, {"start": "00:30:40", "end": "00:30:44", "text": "All in all, it's basically a gift to"}, {"start": "00:30:43", "end": "00:30:46", "text": "humanity, I can tell you because"}, {"start": "00:30:44", "end": "00:30:48", "text": "everything else people spend so much"}, {"start": "00:30:46", "end": "00:30:49", "text": "time in the markets get wrecked in"}, {"start": "00:30:48", "end": "00:30:50", "text": "different ways. Now, let me just go"}, {"start": "00:30:49", "end": "00:30:52", "text": "through here so we haven't missed"}, {"start": "00:30:50", "end": "00:30:54", "text": "anything. Laptop, we're covered."}, {"start": "00:30:52", "end": "00:30:56", "text": "Treasury Bessant, we're covered."}, {"start": "00:30:54", "end": "00:30:59", "text": "Strategy repurchased a bunch of stretch."}, {"start": "00:30:56", "end": "00:31:01", "text": "Let's see. Did they get back to 100 or"}, {"start": "00:30:59", "end": "00:31:03", "text": "what's happening? They I guess soon they"}, {"start": "00:31:01", "end": "00:31:06", "text": "must be back to 100. Yeah, then they're"}, {"start": "00:31:03", "end": "00:31:08", "text": "getting closer. If it is above 100, it's"}, {"start": "00:31:06", "end": "00:31:10", "text": "another pump for Bitcoin. Why? Because"}, {"start": "00:31:08", "end": "00:31:12", "text": "then Sailor can raise money from"}, {"start": "00:31:10", "end": "00:31:14", "text": "Shadowfi and buy Bitcoin with it. So"}, {"start": "00:31:12", "end": "00:31:17", "text": "that that's going to be another catalyst"}, {"start": "00:31:14", "end": "00:31:19", "text": "when Stretch returns to 100. So yeah,"}, {"start": "00:31:17", "end": "00:31:23", "text": "they're trying to get back to 100 by"}, {"start": "00:31:19", "end": "00:31:24", "text": "repair rebying. Oil is high. Uh pump fan"}, {"start": "00:31:23", "end": "00:31:26", "text": "ships custom pairs. Yeah. So we did"}, {"start": "00:31:24", "end": "00:31:29", "text": "that. This we discussed this. We"}, {"start": "00:31:26", "end": "00:31:31", "text": "discussed uh Hunter Hunter Ber and"}, {"start": "00:31:29", "end": "00:31:33", "text": "damage control. Oh, let's check this"}, {"start": "00:31:31", "end": "00:31:36", "text": "one. What's happening with anthropic?"}, {"start": "00:31:33", "end": "00:31:38", "text": "Anthropic, what are you doing? Anthropic"}, {"start": "00:31:36", "end": "00:31:40", "text": "is reportedly building an extensive"}, {"start": "00:31:38", "end": "00:31:42", "text": "monitoring system to keep tabs on"}, {"start": "00:31:40", "end": "00:31:44", "text": "activists who oppose the development of"}, {"start": "00:31:42", "end": "00:31:47", "text": "AI. There you go guys. It can become"}, {"start": "00:31:44", "end": "00:31:50", "text": "quite um quite dystopic dystopian"}, {"start": "00:31:47", "end": "00:31:51", "text": "dystopic very very soon. That's why in"}, {"start": "00:31:50", "end": "00:31:53", "text": "crypto you also have very important"}, {"start": "00:31:51", "end": "00:31:55", "text": "projects. All these AI projects like"}, {"start": "00:31:53", "end": "00:31:58", "text": "Venice Venice pumped a lot on this open"}, {"start": "00:31:55", "end": "00:32:00", "text": "AI situation. Uh you have the other ones"}, {"start": "00:31:58", "end": "00:32:02", "text": "which are not really pumping but you can"}, {"start": "00:32:00", "end": "00:32:03", "text": "keep an eye towel and fetch in case they"}, {"start": "00:32:02", "end": "00:32:07", "text": "go bull trend. Yeah, something to keep"}, {"start": "00:32:03", "end": "00:32:09", "text": "an eye on because this story with uh"}, {"start": "00:32:07", "end": "00:32:11", "text": "traditional labs, traditional labs being"}, {"start": "00:32:09", "end": "00:32:13", "text": "a bit evil is going to get bigger, guys."}, {"start": "00:32:11", "end": "00:32:15", "text": "It's going to get bigger. And the the"}, {"start": "00:32:13", "end": "00:32:17", "text": "good thing is we have a solution. And"}, {"start": "00:32:15", "end": "00:32:19", "text": "isn't it interesting that in this case,"}, {"start": "00:32:17", "end": "00:32:22", "text": "China, they seem like the good guys."}, {"start": "00:32:19", "end": "00:32:24", "text": "Isn't it interesting because what OpenAI"}, {"start": "00:32:22", "end": "00:32:26", "text": "has done lately where they're accused of"}, {"start": "00:32:24", "end": "00:32:28", "text": "stealing a mathematical invention, a"}, {"start": "00:32:26", "end": "00:32:30", "text": "mathematical solution to this millennia"}, {"start": "00:32:28", "end": "00:32:32", "text": "problem. We discussed it yesterday."}, {"start": "00:32:30", "end": "00:32:34", "text": "alsthropic they they have so much bad"}, {"start": "00:32:32", "end": "00:32:37", "text": "press. Meanwhile, the China guys, the"}, {"start": "00:32:34", "end": "00:32:40", "text": "Xiinpings, they are like the good guys"}, {"start": "00:32:37", "end": "00:32:41", "text": "because they release open source"}, {"start": "00:32:40", "end": "00:32:43", "text": "and now [gasps and laughter]"}, {"start": "00:32:41", "end": "00:32:46", "text": "you can run your own you know open"}, {"start": "00:32:43", "end": "00:32:48", "text": "source Chinese model and you see because"}, {"start": "00:32:46", "end": "00:32:50", "text": "it is open source they don't track you"}, {"start": "00:32:48", "end": "00:32:53", "text": "like it's you know it's uh there you run"}, {"start": "00:32:50", "end": "00:32:55", "text": "it on your own machine now is it biased"}, {"start": "00:32:53", "end": "00:32:57", "text": "that's that's another thing with China"}, {"start": "00:32:55", "end": "00:32:59", "text": "of course their model may be biased you"}, {"start": "00:32:57", "end": "00:33:01", "text": "ask about a famous square a famous"}, {"start": "00:32:59", "end": "00:33:04", "text": "square you ask the a model about famous"}, {"start": "00:33:01", "end": "00:33:05", "text": "square it may not tell you But uh you"}, {"start": "00:33:04", "end": "00:33:09", "text": "see it's interesting. It's interesting"}, {"start": "00:33:05", "end": "00:33:12", "text": "because uh for the west for the"}, {"start": "00:33:09", "end": "00:33:14", "text": "westerner uh it maybe does make more"}, {"start": "00:33:12", "end": "00:33:17", "text": "sense to use open source Chinese than to"}, {"start": "00:33:14", "end": "00:33:19", "text": "use anthropic or open or or open AI"}, {"start": "00:33:17", "end": "00:33:20", "text": "because if you use anthropic open AI"}, {"start": "00:33:19", "end": "00:33:22", "text": "they're going to literally steal your"}, {"start": "00:33:20", "end": "00:33:24", "text": "stuff. I mean what happened with the"}, {"start": "00:33:22", "end": "00:33:26", "text": "mathematicians if you use Chinese okay"}, {"start": "00:33:24", "end": "00:33:30", "text": "you cannot ask it about the famous"}, {"start": "00:33:26", "end": "00:33:33", "text": "square but at the same time uh why would"}, {"start": "00:33:30", "end": "00:33:35", "text": "you I mean do are you political or what"}, {"start": "00:33:33", "end": "00:33:37", "text": "are you like as in in in that system as"}, {"start": "00:33:35", "end": "00:33:38", "text": "long as you're not political uh you"}, {"start": "00:33:37", "end": "00:33:40", "text": "you're going to get the answers and even"}, {"start": "00:33:38", "end": "00:33:41", "text": "if you are political the data is not"}, {"start": "00:33:40", "end": "00:33:44", "text": "shared because you run on your own"}, {"start": "00:33:41", "end": "00:33:46", "text": "machine like the model is on on your"}, {"start": "00:33:44", "end": "00:33:49", "text": "machine you understand so yeah guys uh"}, {"start": "00:33:46", "end": "00:33:51", "text": "check out open source models uh I think"}, {"start": "00:33:49", "end": "00:33:55", "text": "now there are many ways to run your own"}, {"start": "00:33:51", "end": "00:33:58", "text": "model. Also, if you go to uh uh hugging"}, {"start": "00:33:55", "end": "00:34:01", "text": "face here, you can see which models are"}, {"start": "00:33:58", "end": "00:34:03", "text": "available. You can browse, you can, you"}, {"start": "00:34:01", "end": "00:34:06", "text": "know, explore a bit because I think you"}, {"start": "00:34:03", "end": "00:34:07", "text": "will be surprised how easy it is to to"}, {"start": "00:34:06", "end": "00:34:09", "text": "run them. You know, you can you can go"}, {"start": "00:34:07", "end": "00:34:11", "text": "go to huggingface.co"}, {"start": "00:34:09", "end": "00:34:14", "text": "and explore a bit. A lot of these models"}, {"start": "00:34:11", "end": "00:34:17", "text": "are free. Uh search on YouTube how to"}, {"start": "00:34:14", "end": "00:34:18", "text": "use them, how to how to install them"}, {"start": "00:34:17", "end": "00:34:20", "text": "because you will be surprised. It's not"}, {"start": "00:34:18", "end": "00:34:22", "text": "hard. like literally not hard not hard"}, {"start": "00:34:20", "end": "00:34:24", "text": "and you get for and you see the average"}, {"start": "00:34:22", "end": "00:34:26", "text": "plebe"}, {"start": "00:34:24", "end": "00:34:29", "text": "I mean you and I we don't use AI for"}, {"start": "00:34:26", "end": "00:34:31", "text": "anything like mega complex anyway so you"}, {"start": "00:34:29", "end": "00:34:34", "text": "don't need those latest latest one I"}, {"start": "00:34:31", "end": "00:34:36", "text": "mean for you to do your normal work task"}, {"start": "00:34:34", "end": "00:34:39", "text": "with AI man this free ones are more than"}, {"start": "00:34:36", "end": "00:34:42", "text": "enough now you some of them require a"}, {"start": "00:34:39", "end": "00:34:43", "text": "big um hard they have big hardware"}, {"start": "00:34:42", "end": "00:34:46", "text": "requirements so that's something to"}, {"start": "00:34:43", "end": "00:34:48", "text": "think about but at the same time okay"}, {"start": "00:34:46", "end": "00:34:50", "text": "buy some you know MacBook what is it uh"}, {"start": "00:34:48", "end": "00:34:51", "text": "Mac Mac Air, what's it called? MacBook"}, {"start": "00:34:50", "end": "00:34:53", "text": "Mini. I have MacBook Studio for example."}, {"start": "00:34:51", "end": "00:34:56", "text": "It can run quite a lot. Can write quite"}, {"start": "00:34:53", "end": "00:34:58", "text": "a quite a lot. Um, so anyway, yeah,"}, {"start": "00:34:56", "end": "00:35:00", "text": "something to consider at least. At least"}, {"start": "00:34:58", "end": "00:35:02", "text": "something to consider. What else? What"}, {"start": "00:35:00", "end": "00:35:04", "text": "else? Uh, yeah, I mean that's it. Let's"}, {"start": "00:35:02", "end": "00:35:06", "text": "go to Q&A. Uh, let's see if we just"}, {"start": "00:35:04", "end": "00:35:09", "text": "missed something. Japan, China. Oh yeah,"}, {"start": "00:35:06", "end": "00:35:11", "text": "China and Japan are dumping treasuries."}, {"start": "00:35:09", "end": "00:35:14", "text": "They will have this will mean this will"}, {"start": "00:35:11", "end": "00:35:16", "text": "lead to the US government deploying"}, {"start": "00:35:14", "end": "00:35:18", "text": "money to buy treasuries because they"}, {"start": "00:35:16", "end": "00:35:20", "text": "want to control the the yield curve."}, {"start": "00:35:18", "end": "00:35:22", "text": "Does that"}, {"start": "00:35:20", "end": "00:35:23", "text": "uh this we discussed this we discussed"}, {"start": "00:35:22", "end": "00:35:25", "text": "let's just go quickly so we don't miss"}, {"start": "00:35:23", "end": "00:35:27", "text": "anything. I want you to have an a full"}, {"start": "00:35:25", "end": "00:35:30", "text": "end toend knowledge about the market"}, {"start": "00:35:27", "end": "00:35:32", "text": "here. Uh so let let's do this quick uh"}, {"start": "00:35:30", "end": "00:35:34", "text": "bum bum bum round or how you say the the"}, {"start": "00:35:32", "end": "00:35:37", "text": "quick uh what is called the rapid rapid"}, {"start": "00:35:34", "end": "00:35:39", "text": "fire rapid fire bum bum bum round. So"}, {"start": "00:35:37", "end": "00:35:41", "text": "oil is high. Iran again uh back and"}, {"start": "00:35:39", "end": "00:35:43", "text": "forth. We all know it's happening every"}, {"start": "00:35:41", "end": "00:35:45", "text": "day since March. Oil is high. This and"}, {"start": "00:35:43", "end": "00:35:48", "text": "that. Iran some oil tanker. Hormos."}, {"start": "00:35:45", "end": "00:35:50", "text": "Hormos here. Hor hormones there. Trump"}, {"start": "00:35:48", "end": "00:35:53", "text": "says oil and gas prices won't fall right"}, {"start": "00:35:50", "end": "00:35:57", "text": "after until right after bit. [laughter]"}, {"start": "00:35:53", "end": "00:35:57", "text": "What? Wait wait wait wait."}, {"start": "00:35:57", "end": "00:36:04", "text": "Trump says oil and gas prices won't fall"}, {"start": "00:36:00", "end": "00:36:06", "text": "until right after bit. [laughter]"}, {"start": "00:36:04", "end": "00:36:09", "text": "Right after me, all price are going to"}, {"start": "00:36:06", "end": "00:36:09", "text": "be tumbling, [laughter]"}, {"start": "00:36:10", "end": "00:36:13", "text": "[gasps]"}, {"start": "00:36:10", "end": "00:36:16", "text": "man. I love it. Trump, man. But here's a"}, {"start": "00:36:13", "end": "00:36:19", "text": "political animal, man. This political"}, {"start": "00:36:16", "end": "00:36:20", "text": "animal. I love it. I love it. I love it."}, {"start": "00:36:19", "end": "00:36:22", "text": "[snorts]"}, {"start": "00:36:20", "end": "00:36:24", "text": "I love this stuff, man. I I'm taking"}, {"start": "00:36:22", "end": "00:36:25", "text": "notes, guys. If I'm ever president,"}, {"start": "00:36:24", "end": "00:36:27", "text": "we're going to be running this playbook"}, {"start": "00:36:25", "end": "00:36:29", "text": "fully. You're going to get money after"}, {"start": "00:36:27", "end": "00:36:30", "text": "the midterm election. Oil prices,"}, {"start": "00:36:29", "end": "00:36:32", "text": "they're going to go down after the"}, {"start": "00:36:30", "end": "00:36:34", "text": "midterm election. It's so easy, man. I"}, {"start": "00:36:32", "end": "00:36:36", "text": "could have done it also. Fantastic, man."}, {"start": "00:36:34", "end": "00:36:39", "text": "I love it. I love it. This is the best."}, {"start": "00:36:36", "end": "00:36:42", "text": "So, oil price, the global oil market,"}, {"start": "00:36:39", "end": "00:36:44", "text": "he's not going to he's not it's not"}, {"start": "00:36:42", "end": "00:36:45", "text": "going to dump before the midterm. Okay."}, {"start": "00:36:44", "end": "00:36:49", "text": "If we if I get reelected, it's going to"}, {"start": "00:36:45", "end": "00:36:50", "text": "dump. Good. Gold climbs. Gold. Oh, let's"}, {"start": "00:36:49", "end": "00:36:53", "text": "check gold. Actually, gold going up."}, {"start": "00:36:50", "end": "00:36:55", "text": "Very nice. But it has been in in bull"}, {"start": "00:36:53", "end": "00:36:58", "text": "trend for the last weeks, which we"}, {"start": "00:36:55", "end": "00:37:00", "text": "covered very very significantly on this"}, {"start": "00:36:58", "end": "00:37:02", "text": "channel. So, all in all, but it hasn't"}, {"start": "00:37:00", "end": "00:37:04", "text": "climbed since then. It went bull trend"}, {"start": "00:37:02", "end": "00:37:06", "text": "and then so it hasn't climbed. It has"}, {"start": "00:37:04", "end": "00:37:08", "text": "climbed a bit since here but keep an eye"}, {"start": "00:37:06", "end": "00:37:10", "text": "on gold because it is bull trend. It is"}, {"start": "00:37:08", "end": "00:37:12", "text": "bull trend and uh in bull trends we're"}, {"start": "00:37:10", "end": "00:37:16", "text": "bullish. So yeah it has climbed since"}, {"start": "00:37:12", "end": "00:37:19", "text": "this lows at 4.2 but nothing too major."}, {"start": "00:37:16", "end": "00:37:22", "text": "Um yeah a bunch of flips. Good. Then"}, {"start": "00:37:19", "end": "00:37:26", "text": "bessent we discussed uh he wants clarity"}, {"start": "00:37:22", "end": "00:37:28", "text": "act. Senate needs clarity act yada yada."}, {"start": "00:37:26", "end": "00:37:31", "text": "Let's see if it happens. Laptop laptop"}, {"start": "00:37:28", "end": "00:37:34", "text": "laptop laptop. Uh this pal fun custom"}, {"start": "00:37:31", "end": "00:37:35", "text": "fair pairs we discussed oh yeah crypto"}, {"start": "00:37:34", "end": "00:37:37", "text": "gaming no one cares about it but you can"}, {"start": "00:37:35", "end": "00:37:39", "text": "see here there is some you know world of"}, {"start": "00:37:37", "end": "00:37:41", "text": "them but no one cares uh guys I think"}, {"start": "00:37:39", "end": "00:37:42", "text": "that's it I think that's it I think we"}, {"start": "00:37:41", "end": "00:37:44", "text": "covered everything you don't need to"}, {"start": "00:37:42", "end": "00:37:47", "text": "know anything else let me just take a"}, {"start": "00:37:44", "end": "00:37:48", "text": "few of them you know what Iran and his"}, {"start": "00:37:47", "end": "00:37:50", "text": "colleague said let me just open up"}, {"start": "00:37:48", "end": "00:37:52", "text": "quickly here we're going to go through"}, {"start": "00:37:50", "end": "00:37:54", "text": "because they normally say uh smart"}, {"start": "00:37:52", "end": "00:37:56", "text": "things I think the market is going to"}, {"start": "00:37:54", "end": "00:37:59", "text": "bifurcate when did he write this he"}, {"start": "00:37:56", "end": "00:38:01", "text": "wrote it yesterday okay let's read What"}, {"start": "00:37:59", "end": "00:38:04", "text": "the these two guys I have like a special"}, {"start": "00:38:01", "end": "00:38:06", "text": "monitor for what they write because here"}, {"start": "00:38:04", "end": "00:38:08", "text": "your my IQ gets higher when I read this."}, {"start": "00:38:06", "end": "00:38:10", "text": "When I read Hunter Biden laptop my IQ"}, {"start": "00:38:08", "end": "00:38:11", "text": "gets lower. So I want my IQ go up."}, {"start": "00:38:10", "end": "00:38:13", "text": "[laughter]"}, {"start": "00:38:11", "end": "00:38:14", "text": "Let's see what they what they say. I"}, {"start": "00:38:13", "end": "00:38:17", "text": "think the market is going to bifrocate"}, {"start": "00:38:14", "end": "00:38:19", "text": "and even though a lot of people think"}, {"start": "00:38:17", "end": "00:38:20", "text": "Bass has lost I don't think it has."}, {"start": "00:38:19", "end": "00:38:24", "text": "Brian and Vlad are playing to their"}, {"start": "00:38:20", "end": "00:38:25", "text": "strength. Vlad built Robin Hood around"}, {"start": "00:38:24", "end": "00:38:27", "text": "retail."}, {"start": "00:38:25", "end": "00:38:29", "text": "Okay. He understands the dig retail"}, {"start": "00:38:27", "end": "00:38:31", "text": "archetype well. Brian spent years"}, {"start": "00:38:29", "end": "00:38:33", "text": "convincing the world why Bitcoin matters"}, {"start": "00:38:31", "end": "00:38:36", "text": "and how crypto can unlock financial"}, {"start": "00:38:33", "end": "00:38:40", "text": "freedom. He willed crypto to the world"}, {"start": "00:38:36", "end": "00:38:41", "text": "when most were against it. Okay. So he's"}, {"start": "00:38:40", "end": "00:38:43", "text": "also spent years in Silicon Valley"}, {"start": "00:38:41", "end": "00:38:45", "text": "around founders. So catering to startups"}, {"start": "00:38:43", "end": "00:38:47", "text": "via commerce through Shopify, stablecoin"}, {"start": "00:38:45", "end": "00:38:49", "text": "payments and agents. Okay. Yeah, maybe"}, {"start": "00:38:47", "end": "00:38:53", "text": "that's that's what the base is going to"}, {"start": "00:38:49", "end": "00:38:55", "text": "do that is going to be for start man"}, {"start": "00:38:53", "end": "00:38:57", "text": "just build on Salana"}, {"start": "00:38:55", "end": "00:39:00", "text": "payments stable coins is biggest on"}, {"start": "00:38:57", "end": "00:39:02", "text": "Solana okay what does mean I think we're"}, {"start": "00:39:00", "end": "00:39:04", "text": "going to see two massive markets develop"}, {"start": "00:39:02", "end": "00:39:06", "text": "with different users potentially guys"}, {"start": "00:39:04", "end": "00:39:07", "text": "but no startups are building on bass why"}, {"start": "00:39:06", "end": "00:39:11", "text": "would you build on base you can build on"}, {"start": "00:39:07", "end": "00:39:13", "text": "Solana okay it's the same is better more"}, {"start": "00:39:11", "end": "00:39:15", "text": "people have a phantom wallet than they"}, {"start": "00:39:13", "end": "00:39:19", "text": "have configured their L2 to be on uh"}, {"start": "00:39:15", "end": "00:39:21", "text": "base so Yeah, I mean just my BS um uh"}, {"start": "00:39:19", "end": "00:39:22", "text": "radar. Sometimes these guys say smart"}, {"start": "00:39:21", "end": "00:39:24", "text": "things sometimes. I mean I still respect"}, {"start": "00:39:22", "end": "00:39:26", "text": "the opinion. Maybe it's correct. Maybe"}, {"start": "00:39:24", "end": "00:39:27", "text": "it's correct. At the same time, why"}, {"start": "00:39:26", "end": "00:39:30", "text": "would the founders say, \"Oh, no. I only"}, {"start": "00:39:27", "end": "00:39:33", "text": "accept USDC on base"}, {"start": "00:39:30", "end": "00:39:34", "text": "because I like Jesse. I like Brian. Why"}, {"start": "00:39:33", "end": "00:39:36", "text": "would this retard?\" You would say, \"I"}, {"start": "00:39:34", "end": "00:39:38", "text": "accept everything. Here's my salon"}, {"start": "00:39:36", "end": "00:39:39", "text": "address because most most nines are"}, {"start": "00:39:38", "end": "00:39:42", "text": "there. Here's my ETH. Here's my all of"}, {"start": "00:39:39", "end": "00:39:44", "text": "the guys L2s.\" I mean, like we do in"}, {"start": "00:39:42", "end": "00:39:46", "text": "Bull Mania, people want to pay. We give"}, {"start": "00:39:44", "end": "00:39:48", "text": "them here's our ERC20 address like you"}, {"start": "00:39:46", "end": "00:39:51", "text": "know ETH address EVM pay from whatever"}, {"start": "00:39:48", "end": "00:39:53", "text": " you want [laughter] any L2 we're"}, {"start": "00:39:51", "end": "00:39:55", "text": "going to come to your L2 we're going to"}, {"start": "00:39:53", "end": "00:39:58", "text": "just we don't care where you pay you"}, {"start": "00:39:55", "end": "00:40:00", "text": "know sometimes someone pays on base some"}, {"start": "00:39:58", "end": "00:40:02", "text": "someone sometimes pays on bass you know"}, {"start": "00:40:00", "end": "00:40:04", "text": "sometimes uh there was even a guy who"}, {"start": "00:40:02", "end": "00:40:07", "text": "paid on Robin Hood the other day I was"}, {"start": "00:40:04", "end": "00:40:09", "text": "like man okay the first guy uh most"}, {"start": "00:40:07", "end": "00:40:13", "text": "people pay on soul most people pay on"}, {"start": "00:40:09", "end": "00:40:16", "text": "soul or they pay on um native ETH ETH1"}, {"start": "00:40:13", "end": "00:40:17", "text": "ETHL one and soul number one with soul"}, {"start": "00:40:16", "end": "00:40:19", "text": "being number one then ethl one number"}, {"start": "00:40:17", "end": "00:40:21", "text": "two and all of the for guys sell twos"}, {"start": "00:40:19", "end": "00:40:23", "text": "are later on but man I'm happy some some"}, {"start": "00:40:21", "end": "00:40:25", "text": "guys pay on other I even have an other"}, {"start": "00:40:23", "end": "00:40:27", "text": "wallet [snorts] we haven't blew many"}, {"start": "00:40:25", "end": "00:40:28", "text": "other wallet set up we're going to be"}, {"start": "00:40:27", "end": "00:40:30", "text": "where wherever you are wherever you"}, {"start": "00:40:28", "end": "00:40:32", "text": "we're going to go and adopt that"}, {"start": "00:40:30", "end": "00:40:35", "text": "freaking chain for you okay we're going"}, {"start": "00:40:32", "end": "00:40:38", "text": "to do it because we're we're adopters we"}, {"start": "00:40:35", "end": "00:40:40", "text": "are innovators we're everywhere so we"}, {"start": "00:40:38", "end": "00:40:42", "text": "went from falling failing to count"}, {"start": "00:40:40", "end": "00:40:44", "text": "number of ars and strawberry to solving"}, {"start": "00:40:42", "end": "00:40:46", "text": "oh Guys, this one is interesting. This"}, {"start": "00:40:44", "end": "00:40:48", "text": "is about AI. You remember in the early"}, {"start": "00:40:46", "end": "00:40:51", "text": "days of Chad GPT, if you asked it how"}, {"start": "00:40:48", "end": "00:40:53", "text": "many Rs are in Strawberry, it could not"}, {"start": "00:40:51", "end": "00:40:55", "text": "solve it. And now we have Millennium"}, {"start": "00:40:53", "end": "00:40:57", "text": "Price problem solved in under two years."}, {"start": "00:40:55", "end": "00:41:00", "text": "Potentially, potentially it was stolen."}, {"start": "00:40:57", "end": "00:41:03", "text": "It was plagiarized. But uh on a big"}, {"start": "00:41:00", "end": "00:41:04", "text": "level, this statement is true. The"}, {"start": "00:41:03", "end": "00:41:06", "text": "biggest difference between Bitcoin and"}, {"start": "00:41:04", "end": "00:41:07", "text": "Zcash in my opinion is not privacy or"}, {"start": "00:41:06", "end": "00:41:09", "text": "quantum resistance, but the fact that"}, {"start": "00:41:07", "end": "00:41:12", "text": "the latter is capable of changes and the"}, {"start": "00:41:09", "end": "00:41:14", "text": "former is not. And this is a trade-off"}, {"start": "00:41:12", "end": "00:41:16", "text": "rather than a strict superiority."}, {"start": "00:41:14", "end": "00:41:18", "text": "Oification of Bitcoin does not sorry"}, {"start": "00:41:16", "end": "00:41:21", "text": "does offer stronger guarantee of"}, {"start": "00:41:18", "end": "00:41:24", "text": "immutability and fixed supply. Whereas"}, {"start": "00:41:21", "end": "00:41:27", "text": "Zcash can better adapt to to latest"}, {"start": "00:41:24", "end": "00:41:30", "text": "stress. Yeah. Yeah. True. True."}, {"start": "00:41:27", "end": "00:41:32", "text": "Demis Hasabi stepping down to let a"}, {"start": "00:41:30", "end": "00:41:34", "text": "couple of pathological"}, {"start": "00:41:32", "end": "00:41:38", "text": "Yeah. some AI stuff here. You can uh"}, {"start": "00:41:34", "end": "00:41:40", "text": "check more. Introducing new Oh, yeah."}, {"start": "00:41:38", "end": "00:41:41", "text": "It's an ad for their VC stuff. You got a"}, {"start": "00:41:40", "end": "00:41:42", "text": "dream."}, {"start": "00:41:41", "end": "00:41:43", "text": ">> We're not."}, {"start": "00:41:42", "end": "00:41:44", "text": ">> You got to protect it."}, {"start": "00:41:43", "end": "00:41:45", "text": ">> Sorry. Sorry. Sorry. Sorry. Sorry."}, {"start": "00:41:44", "end": "00:41:48", "text": "Sorry. Yes. Sorry."}, {"start": "00:41:45", "end": "00:41:51", "text": "Sorry. Sorry. Headphone users, are you"}, {"start": "00:41:48", "end": "00:41:53", "text": "with us?"}, {"start": "00:41:51", "end": "00:41:56", "text": "Headphone users?"}, {"start": "00:41:53", "end": "00:41:56", "text": "Are you with us?"}, {"start": "00:41:56", "end": "00:42:00", "text": "Check. Check. Oh, yes. Let's go to Q&A."}, {"start": "00:41:59", "end": "00:42:02", "text": "We have We have Yeah, we can do 10"}, {"start": "00:42:00", "end": "00:42:04", "text": "minutes Q&A. Easy. And big shout out to"}, {"start": "00:42:02", "end": "00:42:06", "text": "Dab. Always always big shout out to"}, {"start": "00:42:04", "end": "00:42:09", "text": "Sorry to Guzman today. Today is Guzman."}, {"start": "00:42:06", "end": "00:42:11", "text": "Guzman Guzman. and go to bull media"}, {"start": "00:42:09", "end": "00:42:13", "text": "newsletter. Second link in description."}, {"start": "00:42:11", "end": "00:42:16", "text": "First link in description is for all of"}, {"start": "00:42:13", "end": "00:42:18", "text": "you guys who are high ticket mfers. You"}, {"start": "00:42:16", "end": "00:42:19", "text": "know what it is? Uh you go here to the"}, {"start": "00:42:18", "end": "00:42:20", "text": "first link. If you don't know what it"}, {"start": "00:42:19", "end": "00:42:23", "text": "is, don't even go there. Don't even go"}, {"start": "00:42:20", "end": "00:42:26", "text": "there. If you listen, this is a very we"}, {"start": "00:42:23", "end": "00:42:27", "text": "don't accept anyone just because they"}, {"start": "00:42:26", "end": "00:42:29", "text": "like watched the channel for a long"}, {"start": "00:42:27", "end": "00:42:31", "text": "time. And I I love everyone who watches"}, {"start": "00:42:29", "end": "00:42:32", "text": "the channel. We appreciate. But for job,"}, {"start": "00:42:31", "end": "00:42:34", "text": "you know, some people like I Ivan, I"}, {"start": "00:42:32", "end": "00:42:36", "text": "watch you a long time. It's fantastic."}, {"start": "00:42:34", "end": "00:42:38", "text": "that we need real professionals here who"}, {"start": "00:42:36", "end": "00:42:40", "text": "have a lot of experience and basically"}, {"start": "00:42:38", "end": "00:42:43", "text": "experience matters. Okay, experience"}, {"start": "00:42:40", "end": "00:42:45", "text": "matters. Uh in the past uh you know we"}, {"start": "00:42:43", "end": "00:42:47", "text": "we have made sometimes mistakes in the"}, {"start": "00:42:45", "end": "00:42:49", "text": "past because we hire someone because you"}, {"start": "00:42:47", "end": "00:42:50", "text": "know they they love the channel and it's"}, {"start": "00:42:49", "end": "00:42:52", "text": "good it's good but it's just you know"}, {"start": "00:42:50", "end": "00:42:54", "text": "the result is normally not as strong at"}, {"start": "00:42:52", "end": "00:42:55", "text": "the end of the day. It needs to be"}, {"start": "00:42:54", "end": "00:42:57", "text": "professionals always always"}, {"start": "00:42:55", "end": "00:42:58", "text": "professionals always always massive"}, {"start": "00:42:57", "end": "00:43:02", "text": "tracker it's very very important. So for"}, {"start": "00:42:58", "end": "00:43:04", "text": "this position that's important. Uh but"}, {"start": "00:43:02", "end": "00:43:05", "text": "again I appreciate when people say Ivan"}, {"start": "00:43:04", "end": "00:43:06", "text": "I want to apply for a job because I"}, {"start": "00:43:05", "end": "00:43:08", "text": "watched so long. I appreciate I"}, {"start": "00:43:06", "end": "00:43:09", "text": "appreciate I mean it's fantastic. It's"}, {"start": "00:43:08", "end": "00:43:11", "text": "fantastic but we cannot hire based on"}, {"start": "00:43:09", "end": "00:43:13", "text": "that. We cannot hire based on that. We"}, {"start": "00:43:11", "end": "00:43:15", "text": "can have kumbaya based on that. We can"}, {"start": "00:43:13", "end": "00:43:17", "text": "have like maybe a meetup based on that."}, {"start": "00:43:15", "end": "00:43:19", "text": "We can have you you guys here in the"}, {"start": "00:43:17", "end": "00:43:21", "text": "comment section and we're hanging out"}, {"start": "00:43:19", "end": "00:43:23", "text": "based on that. We can have based on"}, {"start": "00:43:21", "end": "00:43:24", "text": "that. But uh for hiring we cannot have"}, {"start": "00:43:23", "end": "00:43:26", "text": "based on that. We cannot have based on"}, {"start": "00:43:24", "end": "00:43:28", "text": "based on that. At least not for not not"}, {"start": "00:43:26", "end": "00:43:29", "text": "for this role. There are some roles"}, {"start": "00:43:28", "end": "00:43:31", "text": "where this will work like you know"}, {"start": "00:43:29", "end": "00:43:33", "text": "support agent then then then it may work"}, {"start": "00:43:31", "end": "00:43:35", "text": "then it may work but for this level it"}, {"start": "00:43:33", "end": "00:43:37", "text": "doesn't work guys let's go to Q&A"}, {"start": "00:43:35", "end": "00:43:40", "text": "questions answers debates discussions"}, {"start": "00:43:37", "end": "00:43:45", "text": "big big shout out to everyone smash up"}, {"start": "00:43:40", "end": "00:43:45", "text": "the like and let's go"}, {"start": "00:43:45", "end": "00:43:50", "text": "Ivan if Kevin increases the rates is"}, {"start": "00:43:47", "end": "00:43:53", "text": "this going to be to penalize the US"}, {"start": "00:43:50", "end": "00:43:56", "text": "treasuries uh money getting expensive so"}, {"start": "00:43:53", "end": "00:43:58", "text": "the yield gets higher uh yeah I mean"}, {"start": "00:43:56", "end": "00:44:00", "text": "interesting question I think it could go"}, {"start": "00:43:58", "end": "00:44:02", "text": "both ways. It's it's a bit hard to see."}, {"start": "00:44:00", "end": "00:44:03", "text": "This is why I'm humble enough to say"}, {"start": "00:44:02", "end": "00:44:05", "text": "that it's too complex to model. And by"}, {"start": "00:44:03", "end": "00:44:06", "text": "the way, no one knows. No one knows. No,"}, {"start": "00:44:05", "end": "00:44:08", "text": "no one knows what's going to happen. We"}, {"start": "00:44:06", "end": "00:44:10", "text": "can just guess. But it's a bit too"}, {"start": "00:44:08", "end": "00:44:12", "text": "complex to model. So that's why we don't"}, {"start": "00:44:10", "end": "00:44:15", "text": "trade based on it. But here is uh here"}, {"start": "00:44:12", "end": "00:44:18", "text": "are the scenarios. There is an argument"}, {"start": "00:44:15", "end": "00:44:21", "text": "to be made that the world like the the"}, {"start": "00:44:18", "end": "00:44:25", "text": "financial world is gonna reward is going"}, {"start": "00:44:21", "end": "00:44:29", "text": "to reward us for raising rates because"}, {"start": "00:44:25", "end": "00:44:31", "text": "they are fighting inflation. So the"}, {"start": "00:44:29", "end": "00:44:34", "text": "world the financial world who buys US"}, {"start": "00:44:31", "end": "00:44:36", "text": "treasuries may see that huh he is"}, {"start": "00:44:34", "end": "00:44:38", "text": "actually serious. He's actually"}, {"start": "00:44:36", "end": "00:44:39", "text": "responsible. He wants to fight"}, {"start": "00:44:38", "end": "00:44:41", "text": "inflation. They're not just printing"}, {"start": "00:44:39", "end": "00:44:44", "text": "money and giving to everyone and you"}, {"start": "00:44:41", "end": "00:44:46", "text": "know easing and making money cheap here."}, {"start": "00:44:44", "end": "00:44:48", "text": "They are actually responsible. They they"}, {"start": "00:44:46", "end": "00:44:51", "text": "have a stance against Trump, against the"}, {"start": "00:44:48", "end": "00:44:54", "text": "politics, against the administration and"}, {"start": "00:44:51", "end": "00:44:59", "text": "they do the responsible thing uh which"}, {"start": "00:44:54", "end": "00:45:02", "text": "may increase the trust in US bonds um"}, {"start": "00:44:59", "end": "00:45:05", "text": "100%. It may increase the trust in US"}, {"start": "00:45:02", "end": "00:45:07", "text": "bonds at the same time it may hurt"}, {"start": "00:45:05", "end": "00:45:10", "text": "growth. At the same time, it may have"}, {"start": "00:45:07", "end": "00:45:13", "text": "negative consequences for business. Uh,"}, {"start": "00:45:10", "end": "00:45:15", "text": "which is bad for the economy and that"}, {"start": "00:45:13", "end": "00:45:18", "text": "may also not be that great for for bonds"}, {"start": "00:45:15", "end": "00:45:22", "text": "long term. But I mean, if I look at it,"}, {"start": "00:45:18", "end": "00:45:24", "text": "if they increase a bit, uh,"}, {"start": "00:45:22", "end": "00:45:25", "text": "the story makes perfect sense. The story"}, {"start": "00:45:24", "end": "00:45:27", "text": "makes perfect sense. But, uh,"}, {"start": "00:45:25", "end": "00:45:29", "text": "politically it's very bad. For Trump,"}, {"start": "00:45:27", "end": "00:45:32", "text": "it's very bad. [laughter]"}, {"start": "00:45:29", "end": "00:45:35", "text": "Trump needs the midterms. I mean, for"}, {"start": "00:45:32", "end": "00:45:37", "text": "Trump, it's very bad. But uh uh to"}, {"start": "00:45:35", "end": "00:45:42", "text": "increase and to be responsible and to I"}, {"start": "00:45:37", "end": "00:45:44", "text": "think the the the overall bond market"}, {"start": "00:45:42", "end": "00:45:46", "text": "uh probably will like it. Uh that that's"}, {"start": "00:45:44", "end": "00:45:49", "text": "my guess that they will probably like"}, {"start": "00:45:46", "end": "00:45:51", "text": "that the the Treasury sorry the Fed"}, {"start": "00:45:49", "end": "00:45:53", "text": "chair is responsible that the Fed is"}, {"start": "00:45:51", "end": "00:45:54", "text": "responsible. So yeah it's it's a"}, {"start": "00:45:53", "end": "00:45:56", "text": "balance. It's a balance but to model it"}, {"start": "00:45:54", "end": "00:45:59", "text": "out exactly how it's going to be who the"}, {"start": "00:45:56", "end": "00:46:01", "text": "hell knows. Who knows? It's uh overall I"}, {"start": "00:45:59", "end": "00:46:03", "text": "think that if they increase I don't"}, {"start": "00:46:01", "end": "00:46:05", "text": "think it will have a big impact on uh uh"}, {"start": "00:46:03", "end": "00:46:07", "text": "on crypto guys. I don't think so because"}, {"start": "00:46:05", "end": "00:46:10", "text": "we already down for a year. Okay. So"}, {"start": "00:46:07", "end": "00:46:13", "text": "they increase so so what we already had"}, {"start": "00:46:10", "end": "00:46:16", "text": "bare market. Uh if they increase a bit"}, {"start": "00:46:13", "end": "00:46:17", "text": "okay um I don't think it matters"}, {"start": "00:46:16", "end": "00:46:19", "text": "[snorts]"}, {"start": "00:46:17", "end": "00:46:21", "text": "for crypto where we are now in crypto. I"}, {"start": "00:46:19", "end": "00:46:24", "text": "don't think it matters. Uh we're now in"}, {"start": "00:46:21", "end": "00:46:26", "text": "a a situation where bad news don't dump"}, {"start": "00:46:24", "end": "00:46:28", "text": "us because we dumped already so much and"}, {"start": "00:46:26", "end": "00:46:35", "text": "good news will pump us and it was vice"}, {"start": "00:46:28", "end": "00:46:38", "text": "versa in the in the last uh uh in Q4. In"}, {"start": "00:46:35", "end": "00:46:40", "text": "Q4 let's actually see what happened"}, {"start": "00:46:38", "end": "00:46:42", "text": "here."}, {"start": "00:46:40", "end": "00:46:44", "text": "Oh guys, this is very interesting."}, {"start": "00:46:42", "end": "00:46:47", "text": "I hope we have the correct data here"}, {"start": "00:46:44", "end": "00:46:52", "text": "because check check this check this"}, {"start": "00:46:47", "end": "00:46:54", "text": "check this. Uh this is"}, {"start": "00:46:52", "end": "00:46:55", "text": "guys I I hope we have the correct data"}, {"start": "00:46:54", "end": "00:46:57", "text": "potentially. Well, I'll have to double"}, {"start": "00:46:55", "end": "00:46:59", "text": "check this, but you see in the money"}, {"start": "00:46:57", "end": "00:47:02", "text": "line, we actually have this interest"}, {"start": "00:46:59", "end": "00:47:05", "text": "rate data. And you see when Bitcoin"}, {"start": "00:47:02", "end": "00:47:08", "text": "entered bull trend in 2023, they"}, {"start": "00:47:05", "end": "00:47:11", "text": "actually increase the rates. They had"}, {"start": "00:47:08", "end": "00:47:13", "text": "like one, two, three, four."}, {"start": "00:47:11", "end": "00:47:15", "text": "Let me quickly double check this because"}, {"start": "00:47:13", "end": "00:47:16", "text": "it was a while ago I checked it and you"}, {"start": "00:47:15", "end": "00:47:18", "text": "know with software sometimes you don't"}, {"start": "00:47:16", "end": "00:47:20", "text": "check the software it like becomes"}, {"start": "00:47:18", "end": "00:47:23", "text": "buggy. This this this labels it was long"}, {"start": "00:47:20", "end": "00:47:26", "text": "time ago I checked it."}, {"start": "00:47:23", "end": "00:47:31", "text": "Uh here let me just quickly double check"}, {"start": "00:47:26", "end": "00:47:37", "text": "if this is correct still. Uh are these"}, {"start": "00:47:31", "end": "00:47:43", "text": "uh interest rate labels correct?"}, {"start": "00:47:37", "end": "00:47:46", "text": "C dates on the x-axis."}, {"start": "00:47:43", "end": "00:47:49", "text": "Let me just double check. You see at the"}, {"start": "00:47:46", "end": "00:47:52", "text": "end of the bear it doesn't really matter"}, {"start": "00:47:49", "end": "00:47:54", "text": "what they do doesn't really matter."}, {"start": "00:47:52", "end": "00:47:58", "text": "We already had the bear. We already had"}, {"start": "00:47:54", "end": "00:48:00", "text": "the bear. So when they when we go bull"}, {"start": "00:47:58", "end": "00:48:02", "text": "is bullish even if they increase a bit."}, {"start": "00:48:00", "end": "00:48:06", "text": "Okay. So yeah I I will check the here"}, {"start": "00:48:02", "end": "00:48:06", "text": "with cloud. One second."}, {"start": "00:48:22", "end": "00:48:25", "text": "I what do you think about Tao? You are"}, {"start": "00:48:23", "end": "00:48:28", "text": "computer scientist. So I want your"}, {"start": "00:48:25", "end": "00:48:30", "text": "technical insight. Don't worry about the"}, {"start": "00:48:28", "end": "00:48:31", "text": "technical insight. You need to worry"}, {"start": "00:48:30", "end": "00:48:35", "text": "about the outcome. You need to worry"}, {"start": "00:48:31", "end": "00:48:37", "text": "about the outcome with uh the uh with"}, {"start": "00:48:35", "end": "00:48:40", "text": "the usage and adoption. Let's actually"}, {"start": "00:48:37", "end": "00:48:42", "text": "check bullmania AI about that because"}, {"start": "00:48:40", "end": "00:48:44", "text": "at the end of the day we can discuss"}, {"start": "00:48:42", "end": "00:48:47", "text": "technicals for for a very long time but"}, {"start": "00:48:44", "end": "00:48:52", "text": "who is actually running models"}, {"start": "00:48:47", "end": "00:48:53", "text": "on toao who is using toao uh models"}, {"start": "00:48:52", "end": "00:48:56", "text": "running"}, {"start": "00:48:53", "end": "00:49:00", "text": "inference"}, {"start": "00:48:56", "end": "00:49:00", "text": "happening let me double check"}, {"start": "00:49:08", "end": "00:49:14", "text": "Ah yeah. So by the way this interest"}, {"start": "00:49:10", "end": "00:49:18", "text": "rate stuff is correct is correct."}, {"start": "00:49:14", "end": "00:49:22", "text": "So you see it went bull trend and and uh"}, {"start": "00:49:18", "end": "00:49:22", "text": "they increased in"}, {"start": "00:49:33", "end": "00:49:37", "text": "I mean will you buy the iPhone foldable"}, {"start": "00:49:35", "end": "00:49:40", "text": "phone for 2K? I was actually checking"}, {"start": "00:49:37", "end": "00:49:42", "text": "that. I I don't know guys. Um, I mean,"}, {"start": "00:49:40", "end": "00:49:44", "text": "one of the use cases for the iPhone is"}, {"start": "00:49:42", "end": "00:49:46", "text": "taking pictures. That one has worse"}, {"start": "00:49:44", "end": "00:49:48", "text": "camera."}, {"start": "00:49:46", "end": "00:49:50", "text": "Uh,"}, {"start": "00:49:48", "end": "00:49:51", "text": "uh, yeah, I'm still I'm still I'm still"}, {"start": "00:49:50", "end": "00:49:53", "text": "trying to figure out if I want that"}, {"start": "00:49:51", "end": "00:49:55", "text": "foldable. Also, I mean, to me, the"}, {"start": "00:49:53", "end": "00:49:56", "text": "foldable it looks ghetto. Maybe it is"}, {"start": "00:49:55", "end": "00:49:57", "text": "good. Maybe it is good. But whenever I"}, {"start": "00:49:56", "end": "00:49:59", "text": "see someone, you know, with this"}, {"start": "00:49:57", "end": "00:50:03", "text": "foldable stuff, you know, some Samsung"}, {"start": "00:49:59", "end": "00:50:08", "text": "stuff, I don't like it. I don't like it."}, {"start": "00:50:03", "end": "00:50:11", "text": "And uh yeah it's uh it is interesting"}, {"start": "00:50:08", "end": "00:50:12", "text": "with uh it's no hypo people love this"}, {"start": "00:50:11", "end": "00:50:15", "text": "foldable I mean it see it seems to be"}, {"start": "00:50:12", "end": "00:50:18", "text": "that the reception is very good but for"}, {"start": "00:50:15", "end": "00:50:20", "text": "me this foldable I don't know may I I'll"}, {"start": "00:50:18", "end": "00:50:22", "text": "check it I'll check it how it looks in"}, {"start": "00:50:20", "end": "00:50:25", "text": "in person but you know it's foldable so"}, {"start": "00:50:22", "end": "00:50:30", "text": "it has like a it has a valley in the"}, {"start": "00:50:25", "end": "00:50:33", "text": "middle so yeah let's let's see"}, {"start": "00:50:30", "end": "00:50:37", "text": "for now I don't want to buy it"}, {"start": "00:50:33", "end": "00:50:39", "text": "I don't want to buy now. But if it's I"}, {"start": "00:50:37", "end": "00:50:42", "text": "mean I'm I'm thinking maybe it is nice"}, {"start": "00:50:39", "end": "00:50:44", "text": "for uh"}, {"start": "00:50:42", "end": "00:50:46", "text": "for example I I hate writing on the"}, {"start": "00:50:44", "end": "00:50:49", "text": "phone. I hate writing on on iPhone. I"}, {"start": "00:50:46", "end": "00:50:52", "text": "hate like I hate typing. I hate typing."}, {"start": "00:50:49", "end": "00:50:54", "text": "I hate typing on phone. Uh maybe if it's"}, {"start": "00:50:52", "end": "00:50:57", "text": "bigger"}, {"start": "00:50:54", "end": "00:51:00", "text": "and I can use the pen maybe it's good. I"}, {"start": "00:50:57", "end": "00:51:00", "text": "don't know."}, {"start": "00:51:07", "end": "00:51:11", "text": "What are your opinions about injective"}, {"start": "00:51:09", "end": "00:51:12", "text": "for me? Chart looks pretty bullish. Made"}, {"start": "00:51:11", "end": "00:51:15", "text": "more than 10x with last cycle. Yeah,"}, {"start": "00:51:12", "end": "00:51:17", "text": "let's check injective. Let's let me also"}, {"start": "00:51:15", "end": "00:51:19", "text": "see where the"}, {"start": "00:51:17", "end": "00:51:21", "text": "where the tow guy is. Oh yeah, here he"}, {"start": "00:51:19", "end": "00:51:22", "text": "is. So, uh let me check injective in a"}, {"start": "00:51:21", "end": "00:51:24", "text": "moment."}, {"start": "00:51:22", "end": "00:51:27", "text": "Let me just get back to the style"}, {"start": "00:51:24", "end": "00:51:31", "text": "adoption"}, {"start": "00:51:27", "end": "00:51:33", "text": "because when it when it comes to uh all"}, {"start": "00:51:31", "end": "00:51:36", "text": "AI like now the biggest question is is"}, {"start": "00:51:33", "end": "00:51:37", "text": "there any inference running you know in"}, {"start": "00:51:36", "end": "00:51:39", "text": "the past"}, {"start": "00:51:37", "end": "00:51:41", "text": "uh let me give you a bit of history"}, {"start": "00:51:39", "end": "00:51:43", "text": "about AI uh AI space and like crypto and"}, {"start": "00:51:41", "end": "00:51:46", "text": "AI and what we've been doing in crypto"}, {"start": "00:51:43", "end": "00:51:47", "text": "and AI. So in the past there were some"}, {"start": "00:51:46", "end": "00:51:50", "text": "projects who tried to do like you know"}, {"start": "00:51:47", "end": "00:51:52", "text": "decentralized network for training we"}, {"start": "00:51:50", "end": "00:51:54", "text": "share training data yada yada that is"}, {"start": "00:51:52", "end": "00:51:56", "text": "that use case is basically dead now"}, {"start": "00:51:54", "end": "00:51:58", "text": "because you have now open source models"}, {"start": "00:51:56", "end": "00:52:01", "text": "that are so good some of them are from"}, {"start": "00:51:58", "end": "00:52:03", "text": "China for you to have a decentralized"}, {"start": "00:52:01", "end": "00:52:05", "text": "network that trains a model and has"}, {"start": "00:52:03", "end": "00:52:08", "text": "training data that is better than what's"}, {"start": "00:52:05", "end": "00:52:11", "text": "coming out there it's forget it now the"}, {"start": "00:52:08", "end": "00:52:13", "text": "use case is that all of these models are"}, {"start": "00:52:11", "end": "00:52:16", "text": "there open source models are there how"}, {"start": "00:52:13", "end": "00:52:18", "text": "the hell we run the open source models?"}, {"start": "00:52:16", "end": "00:52:21", "text": "How the hell we run the open source"}, {"start": "00:52:18", "end": "00:52:23", "text": "models so that uh they're available and"}, {"start": "00:52:21", "end": "00:52:26", "text": "because a lot of them require a lot of"}, {"start": "00:52:23", "end": "00:52:29", "text": "hardware big GPU GPU is expensive. So"}, {"start": "00:52:26", "end": "00:52:31", "text": "let's see what to doing. Short answer"}, {"start": "00:52:29", "end": "00:52:33", "text": "specialized work is running across the"}, {"start": "00:52:31", "end": "00:52:34", "text": "subnets. The honest caveat from the"}, {"start": "00:52:33", "end": "00:52:37", "text": "community is that bit tensor is still"}, {"start": "00:52:34", "end": "00:52:40", "text": "stronger at internal competition and"}, {"start": "00:52:37", "end": "00:52:42", "text": "okay"}, {"start": "00:52:40", "end": "00:52:43", "text": "so what is this? They're stronger at"}, {"start": "00:52:42", "end": "00:52:45", "text": "winning internal competition. What does"}, {"start": "00:52:43", "end": "00:52:48", "text": "this mean"}, {"start": "00:52:45", "end": "00:52:51", "text": "than broader crypto inference?"}, {"start": "00:52:48", "end": "00:52:52", "text": "See, Venice, they have a maybe what it"}, {"start": "00:52:51", "end": "00:52:53", "text": "means is that they're still like trying"}, {"start": "00:52:52", "end": "00:52:56", "text": "to figure stuff out. You know, what"}, {"start": "00:52:53", "end": "00:53:00", "text": "they're going to be used for exactly"}, {"start": "00:52:56", "end": "00:53:01", "text": "here. Here, uh, with Venice, they do"}, {"start": "00:53:00", "end": "00:53:03", "text": "inference. Inference means that they run"}, {"start": "00:53:01", "end": "00:53:05", "text": "the model and you can use the model."}, {"start": "00:53:03", "end": "00:53:07", "text": "They run open source model. I I actually"}, {"start": "00:53:05", "end": "00:53:11", "text": "I hate the word inference because it's"}, {"start": "00:53:07", "end": "00:53:13", "text": "the c is the is the geek name for"}, {"start": "00:53:11", "end": "00:53:14", "text": "something that's very simple just"}, {"start": "00:53:13", "end": "00:53:16", "text": "running the model. Oh no, we're doing"}, {"start": "00:53:14", "end": "00:53:18", "text": "inference. Man, you're hosting an API"}, {"start": "00:53:16", "end": "00:53:20", "text": "for the model. Okay, I don't like the"}, {"start": "00:53:18", "end": "00:53:23", "text": "word inference. It sounds too complex"}, {"start": "00:53:20", "end": "00:53:26", "text": "for what it is. Inference means that you"}, {"start": "00:53:23", "end": "00:53:28", "text": "just run the effing model. Nothing more."}, {"start": "00:53:26", "end": "00:53:31", "text": "You don't do anything else. You run"}, {"start": "00:53:28", "end": "00:53:33", "text": "model and you have API where people can"}, {"start": "00:53:31", "end": "00:53:35", "text": "chat with model. That's it. That's it."}, {"start": "00:53:33", "end": "00:53:37", "text": "That's it. So Venice is doing that."}, {"start": "00:53:35", "end": "00:53:40", "text": "Venice is just hosting the models and"}, {"start": "00:53:37", "end": "00:53:42", "text": "it's like this decentralized yada yada."}, {"start": "00:53:40", "end": "00:53:44", "text": "Bit tensor what the hell do they even"}, {"start": "00:53:42", "end": "00:53:47", "text": "do? Bit tensor is is not giant clone."}, {"start": "00:53:44", "end": "00:53:50", "text": "It's marketplace subnets. Okay. Miners"}, {"start": "00:53:47", "end": "00:53:51", "text": "contribute. So is it used because it"}, {"start": "00:53:50", "end": "00:53:53", "text": "should be used like like there's no"}, {"start": "00:53:51", "end": "00:53:56", "text": "tomorrow."}, {"start": "00:53:53", "end": "00:53:57", "text": "There's subnet YC for a maybe they over"}, {"start": "00:53:56", "end": "00:53:59", "text": "complicate too much that's why they"}, {"start": "00:53:57", "end": "00:54:03", "text": "don't pump. They over complicate you"}, {"start": "00:53:59", "end": "00:54:05", "text": "know LM compression in production. Okay."}, {"start": "00:54:03", "end": "00:54:07", "text": "So listen it is interesting maybe they"}, {"start": "00:54:05", "end": "00:54:09", "text": "find something but clearly they haven't"}, {"start": "00:54:07", "end": "00:54:11", "text": "really found this you know perfect"}, {"start": "00:54:09", "end": "00:54:13", "text": "product market fit which uh everyone"}, {"start": "00:54:11", "end": "00:54:17", "text": "understands and it just moves builders"}, {"start": "00:54:13", "end": "00:54:17", "text": "run specialized markets okay"}, {"start": "00:54:19", "end": "00:54:22", "text": "why why so complex man why so complex"}, {"start": "00:54:21", "end": "00:54:24", "text": "just do like variance run the open"}, {"start": "00:54:22", "end": "00:54:27", "text": "source models there are open source"}, {"start": "00:54:24", "end": "00:54:29", "text": "models for all of this all of this you"}, {"start": "00:54:27", "end": "00:54:30", "text": "have open source models all of this 3D"}, {"start": "00:54:29", "end": "00:54:33", "text": "there are open source models that can do"}, {"start": "00:54:30", "end": "00:54:34", "text": "it and you will never like this, you"}, {"start": "00:54:33", "end": "00:54:36", "text": "know, build this trans how they going to"}, {"start": "00:54:34", "end": "00:54:37", "text": "compete with everything open source"}, {"start": "00:54:36", "end": "00:54:39", "text": "coming out. How they going to compete"}, {"start": "00:54:37", "end": "00:54:39", "text": "with ch for with Chinese models? How"}, {"start": "00:54:39", "end": "00:54:43", "text": "they going to compete? They cannot"}, {"start": "00:54:39", "end": "00:54:45", "text": "compete. So anyway, uh some um some"}, {"start": "00:54:43", "end": "00:54:46", "text": "thoughts there, but all in all, just"}, {"start": "00:54:45", "end": "00:54:48", "text": "look at the freaking price. If it"}, {"start": "00:54:46", "end": "00:54:50", "text": "explodes, good. If it explodes, good."}, {"start": "00:54:48", "end": "00:54:53", "text": "But I think they're just they're not"}, {"start": "00:54:50", "end": "00:54:55", "text": "really kind of like Hunter Biden with"}, {"start": "00:54:53", "end": "00:54:57", "text": "his laptop. Not really in tune with the"}, {"start": "00:54:55", "end": "00:54:59", "text": "market here. They're also not really"}, {"start": "00:54:57", "end": "00:55:00", "text": "like perfectly in tune with what's"}, {"start": "00:54:59", "end": "00:55:03", "text": "needed. What's needed now is freaking"}, {"start": "00:55:00", "end": "00:55:06", "text": "inference. it is that I can go to uh"}, {"start": "00:55:03", "end": "00:55:10", "text": "hugging face here and I'm just telling"}, {"start": "00:55:06", "end": "00:55:12", "text": "you that as you know AI user and all of"}, {"start": "00:55:10", "end": "00:55:14", "text": "these models let's have crypto networks"}, {"start": "00:55:12", "end": "00:55:16", "text": "that run all of them like some of them"}, {"start": "00:55:14", "end": "00:55:18", "text": "are very uh uh hardware require have"}, {"start": "00:55:16", "end": "00:55:20", "text": "very high like this quen for example"}, {"start": "00:55:18", "end": "00:55:23", "text": "this Chinese I can tell you one thing"}, {"start": "00:55:20", "end": "00:55:25", "text": "this Chinese quen it can do everything"}, {"start": "00:55:23", "end": "00:55:27", "text": "this subnets do in Tao a million times"}, {"start": "00:55:25", "end": "00:55:30", "text": "better I can always make that bet this"}, {"start": "00:55:27", "end": "00:55:33", "text": "quen thing will eat all of this uh"}, {"start": "00:55:30", "end": "00:55:34", "text": "specialized market subnets for dinner,"}, {"start": "00:55:33", "end": "00:55:37", "text": "okay, and will not even notice. Okay,"}, {"start": "00:55:34", "end": "00:55:40", "text": "this quen but this quen thing requires"}, {"start": "00:55:37", "end": "00:55:42", "text": "insane uh hardware to run and so what"}, {"start": "00:55:40", "end": "00:55:45", "text": "crypto should do is to just run this in"}, {"start": "00:55:42", "end": "00:55:47", "text": "some decentralized way where it's yeah"}, {"start": "00:55:45", "end": "00:55:49", "text": "it's available it's uh some network runs"}, {"start": "00:55:47", "end": "00:55:51", "text": "it coins are used for compens"}, {"start": "00:55:49", "end": "00:55:55", "text": "compensating people that run it and we"}, {"start": "00:55:51", "end": "00:55:56", "text": "can all use this in an easy way okay"}, {"start": "00:55:55", "end": "00:55:58", "text": "that that's how I see the AI market"}, {"start": "00:55:56", "end": "00:56:01", "text": "right now"}, {"start": "00:55:58", "end": "00:56:03", "text": "uh yeah that's that and then another guy"}, {"start": "00:56:01", "end": "00:56:05", "text": "asked about injective let's let's see"}, {"start": "00:56:03", "end": "00:56:05", "text": "injective"}, {"start": "00:56:09", "end": "00:56:13", "text": "injective."}, {"start": "00:56:11", "end": "00:56:17", "text": "Yeah, not not bad actually. Quite okay."}, {"start": "00:56:13", "end": "00:56:20", "text": "Quite okay. Uh it's above the bull flip."}, {"start": "00:56:17", "end": "00:56:23", "text": "It It looks okay. It looks okay."}, {"start": "00:56:20", "end": "00:56:25", "text": "Especially if you can get above this."}, {"start": "00:56:23", "end": "00:56:29", "text": "Very nice. Looks good. After a massive"}, {"start": "00:56:25", "end": "00:56:31", "text": "dump is a new bull trend. It has come"}, {"start": "00:56:29", "end": "00:56:35", "text": "down a bit, but now coming back above it"}, {"start": "00:56:31", "end": "00:56:37", "text": "likely continue higher. Good. So, I"}, {"start": "00:56:35", "end": "00:56:39", "text": "think it looked bullish. I think it"}, {"start": "00:56:37", "end": "00:56:41", "text": "looks bullish. Guys, that's it. Thank"}, {"start": "00:56:39", "end": "00:56:44", "text": "you very much for being here. We are"}, {"start": "00:56:41", "end": "00:56:47", "text": "almost at 1 hour 56 minutes. Number one,"}, {"start": "00:56:44", "end": "00:56:49", "text": "go to the second link in description for"}, {"start": "00:56:47", "end": "00:56:52", "text": "newsletter. Very, very important. If you"}, {"start": "00:56:49", "end": "00:56:54", "text": "are a high ticket closer, go to the"}, {"start": "00:56:52", "end": "00:56:56", "text": "first link in description. Very"}, {"start": "00:56:54", "end": "00:56:58", "text": "important. If you don't know what high"}, {"start": "00:56:56", "end": "00:57:00", "text": "ticket closer is, if you are a normal"}, {"start": "00:56:58", "end": "00:57:01", "text": "sales guy selling HVAC, don't don't"}, {"start": "00:57:00", "end": "00:57:04", "text": "click there. Don't click there. It's"}, {"start": "00:57:01", "end": "00:57:06", "text": "not. This is especially especially for"}, {"start": "00:57:04", "end": "00:57:08", "text": "people who are high ticket closer. Okay?"}, {"start": "00:57:06", "end": "00:57:10", "text": "If you sell roofing, don't click. If you"}, {"start": "00:57:08", "end": "00:57:13", "text": "sell anything else, don't click. Don't"}, {"start": "00:57:10", "end": "00:57:15", "text": "click. Uh this is this is not like a"}, {"start": "00:57:13", "end": "00:57:17", "text": "normal sales. It's not normal sales."}, {"start": "00:57:15", "end": "00:57:19", "text": "This is people who know. If you know"}, {"start": "00:57:17", "end": "00:57:21", "text": "Cole Gordon, apply if you don't know"}, {"start": "00:57:19", "end": "00:57:23", "text": "Cole Gordon, don't apply. Don't apply."}, {"start": "00:57:21", "end": "00:57:25", "text": "For example, for example, guys,"}, {"start": "00:57:23", "end": "00:57:27", "text": "fantastic. We're Thursday. Thursday is"}, {"start": "00:57:25", "end": "00:57:32", "text": "ending. Big shout out to Guzman. Smash"}, {"start": "00:57:27", "end": "00:57:33", "text": "up the like. Subscribe. See you all very"}, {"start": "00:57:32", "end": "00:57:35", "text": "very very soon. We're going to be back"}, {"start": "00:57:33", "end": "00:57:37", "text": "tomorrow. Exactly. Back tomorrow. Enjoy"}, {"start": "00:57:35", "end": "00:57:39", "text": "your Thursday"}, {"start": "00:57:37", "end": "00:57:43", "text": "and goodbye guys. Goodbye. Goodbye."}, {"start": "00:57:39", "end": "00:57:43", "text": "Goodbye. See you. See zoo."}]

[{"start": "00:00:01", "end": "00:00:07", "text": "Hello everybody."}, {"start": "00:00:03", "end": "00:00:12", "text": "Welcome back to the channel. Welcome"}, {"start": "00:00:07", "end": "00:00:14", "text": "back for another video."}, {"start": "00:00:12", "end": "00:00:17", "text": "Hope you're all doing well and that"}, {"start": "00:00:14", "end": "00:00:19", "text": "you're all having an absolutely"}, {"start": "00:00:17", "end": "00:00:20", "text": "fantastic"}, {"start": "00:00:19", "end": "00:00:25", "text": "day."}, {"start": "00:00:20", "end": "00:00:29", "text": "Gigantic. Thank you to Livioc"}, {"start": "00:00:25", "end": "00:00:33", "text": "FT Clown, Lyall Austin, Alec, Xander the"}, {"start": "00:00:29", "end": "00:00:35", "text": "Greek, Gypsy Queen, Trent Jackson, Gail"}, {"start": "00:00:33", "end": "00:00:39", "text": "Boa Snake, [clears throat]"}, {"start": "00:00:35", "end": "00:00:42", "text": "and to Finley Bass. Very big thank you"}, {"start": "00:00:39", "end": "00:00:45", "text": "to all my Patreon supporters. For those"}, {"start": "00:00:42", "end": "00:00:48", "text": "of you who are looking to learn more"}, {"start": "00:00:45", "end": "00:00:51", "text": "about the cryptocurrency space, I"}, {"start": "00:00:48", "end": "00:00:56", "text": "released a book about XRP and the"}, {"start": "00:00:51", "end": "00:00:59", "text": "company Ripple. It goes over uh where I"}, {"start": "00:00:56", "end": "00:01:02", "text": "personally believe the cryptocurrency"}, {"start": "00:00:59", "end": "00:01:04", "text": "market and where XRP"}, {"start": "00:01:02", "end": "00:01:07", "text": "are going to go over the course of the"}, {"start": "00:01:04", "end": "00:01:09", "text": "next few years. For those of you"}, {"start": "00:01:07", "end": "00:01:14", "text": "interested, there are links in the"}, {"start": "00:01:09", "end": "00:01:17", "text": "description below this video."}, {"start": "00:01:14", "end": "00:01:20", "text": "How's everyone doing? What's new? Uh"}, {"start": "00:01:17", "end": "00:01:23", "text": "what have you been investing in as of"}, {"start": "00:01:20", "end": "00:01:25", "text": "late? The last it hasn't been that long."}, {"start": "00:01:23", "end": "00:01:28", "text": "I want to say the last week or so was"}, {"start": "00:01:25", "end": "00:01:31", "text": "quite dramatic just because of"}, {"start": "00:01:28", "end": "00:01:36", "text": "everything to do with the Fed. And then"}, {"start": "00:01:31", "end": "00:01:38", "text": "before that we had the the most dramatic"}, {"start": "00:01:36", "end": "00:01:40", "text": "people in the entire world talking about"}, {"start": "00:01:38", "end": "00:01:43", "text": "the clarity act."}, {"start": "00:01:40", "end": "00:01:46", "text": "Everything will be completely fine. I"}, {"start": "00:01:43", "end": "00:01:49", "text": "don't know how to uh reassure you in any"}, {"start": "00:01:46", "end": "00:01:52", "text": "other way. Uh cryptocurrency"}, {"start": "00:01:49", "end": "00:01:56", "text": "accumulation is continuing at a very"}, {"start": "00:01:52", "end": "00:01:59", "text": "rapid pace. As I was going over, anytime"}, {"start": "00:01:56", "end": "00:02:03", "text": "we get some kind of"}, {"start": "00:01:59", "end": "00:02:07", "text": "bad news that was heavily air quoted,"}, {"start": "00:02:03", "end": "00:02:11", "text": "uh, crypto usually ends up rebounding"}, {"start": "00:02:07", "end": "00:02:13", "text": "quite heavily as typically people forget"}, {"start": "00:02:11", "end": "00:02:16", "text": "the negative things that have happened"}, {"start": "00:02:13", "end": "00:02:19", "text": "because we are no longer told to be"}, {"start": "00:02:16", "end": "00:02:21", "text": "afraid of those things anymore. The a"}, {"start": "00:02:19", "end": "00:02:24", "text": "lot of the year-end predictions still"}, {"start": "00:02:21", "end": "00:02:27", "text": "stand. A lot of the companies are still"}, {"start": "00:02:24", "end": "00:02:30", "text": "buying up gargantuan amounts of crypto."}, {"start": "00:02:27", "end": "00:02:33", "text": "We just heard uh yesterday, if you"}, {"start": "00:02:30", "end": "00:02:37", "text": "weren't here, uh the largest bank in"}, {"start": "00:02:33", "end": "00:02:41", "text": "Germany is getting ready to offer uh"}, {"start": "00:02:37", "end": "00:02:43", "text": "their clients access to uh Bitcoin,"}, {"start": "00:02:41", "end": "00:02:46", "text": "Ethereum, and a number of different uh"}, {"start": "00:02:43", "end": "00:02:50", "text": "stable coins. So, we are well ahead of"}, {"start": "00:02:46", "end": "00:02:53", "text": "schedule for, you know, that milliondoll"}, {"start": "00:02:50", "end": "00:02:55", "text": "Bitcoin. Uh, but yeah, I just have to"}, {"start": "00:02:53", "end": "00:02:59", "text": "throw some of these things out there cuz"}, {"start": "00:02:55", "end": "00:03:01", "text": "I do know a lot of times when I peruse"}, {"start": "00:02:59", "end": "00:03:03", "text": "through the interwebs and I see how"}, {"start": "00:03:01", "end": "00:03:05", "text": "other people are talking about stuff,"}, {"start": "00:03:03", "end": "00:03:07", "text": "there's a I mean, obviously, obviously,"}, {"start": "00:03:05", "end": "00:03:10", "text": "obviously, obviously, there's a"}, {"start": "00:03:07", "end": "00:03:13", "text": "gargantuan amount of negativity right"}, {"start": "00:03:10", "end": "00:03:16", "text": "now around uh future movements of the"}, {"start": "00:03:13", "end": "00:03:20", "text": "Fed and US debt levels and all these"}, {"start": "00:03:16", "end": "00:03:22", "text": "other things. And as I've stated before,"}, {"start": "00:03:20", "end": "00:03:25", "text": "everything that we have going on is"}, {"start": "00:03:22", "end": "00:03:27", "text": "reflective of the US dollar collapsing"}, {"start": "00:03:25", "end": "00:03:29", "text": "and the cryptocurrency space doing"}, {"start": "00:03:27", "end": "00:03:33", "text": "better than ever as more people continue"}, {"start": "00:03:29", "end": "00:03:35", "text": "to migrate from one system to another."}, {"start": "00:03:33", "end": "00:03:37", "text": "So a lot of times I think we are told to"}, {"start": "00:03:35", "end": "00:03:39", "text": "absorb certain news in like a very"}, {"start": "00:03:37", "end": "00:03:42", "text": "negative manner when it's actually like"}, {"start": "00:03:39", "end": "00:03:45", "text": "no they're doing that because"}, {"start": "00:03:42", "end": "00:03:48", "text": "they're trying to get the $40 trillion"}, {"start": "00:03:45", "end": "00:03:49", "text": "debt under control but they won't they"}, {"start": "00:03:48", "end": "00:03:53", "text": "cannot they're going to continue"}, {"start": "00:03:49", "end": "00:03:55", "text": "printing more money uh either way."}, {"start": "00:03:53", "end": "00:03:59", "text": "Anywho,"}, {"start": "00:03:55", "end": "00:04:02", "text": "in the news today,"}, {"start": "00:03:59", "end": "00:04:05", "text": "uh Morgan Stanley and Goldman Sachs"}, {"start": "00:04:02", "end": "00:04:06", "text": "announced a couple of months ago that"}, {"start": "00:04:05", "end": "00:04:09", "text": "they were getting into the"}, {"start": "00:04:06", "end": "00:04:12", "text": "cryptocurrency space. I do honestly I I"}, {"start": "00:04:09", "end": "00:04:13", "text": "I really do need answers from people"}, {"start": "00:04:12", "end": "00:04:16", "text": "regarding"}, {"start": "00:04:13", "end": "00:04:17", "text": "just general sentiment, how everyone's"}, {"start": "00:04:16", "end": "00:04:18", "text": "feeling, what you're thinking about the"}, {"start": "00:04:17", "end": "00:04:23", "text": "market, where you think the market's"}, {"start": "00:04:18", "end": "00:04:26", "text": "going to go. And I ask from the position"}, {"start": "00:04:23", "end": "00:04:28", "text": "of someone who is constantly myself"}, {"start": "00:04:26", "end": "00:04:31", "text": "reading through cryptocurrency news. I"}, {"start": "00:04:28", "end": "00:04:34", "text": "it's what I do most days. I'm absorbing"}, {"start": "00:04:31", "end": "00:04:38", "text": "as much information as I always possibly"}, {"start": "00:04:34", "end": "00:04:40", "text": "can. There doesn't seem to be"}, {"start": "00:04:38", "end": "00:04:42", "text": "you and I have not gotten news that the"}, {"start": "00:04:40", "end": "00:04:47", "text": "banks and institutions who got into the"}, {"start": "00:04:42", "end": "00:04:49", "text": "cryptocurrency space um have left"}, {"start": "00:04:47", "end": "00:04:52", "text": "that they're scared that they don't like"}, {"start": "00:04:49", "end": "00:04:54", "text": "crypto anymore that there's just some"}, {"start": "00:04:52", "end": "00:04:55", "text": "kind of like a negative you understand"}, {"start": "00:04:54", "end": "00:04:58", "text": "what I mean the only news that we keep"}, {"start": "00:04:55", "end": "00:05:00", "text": "getting and I can like prove it to you"}, {"start": "00:04:58", "end": "00:05:03", "text": "because I make a video every single day."}, {"start": "00:05:00", "end": "00:05:06", "text": "The news that we keep getting has to do"}, {"start": "00:05:03", "end": "00:05:09", "text": "with people talking about higher prices"}, {"start": "00:05:06", "end": "00:05:11", "text": "where they're expecting adoption to go"}, {"start": "00:05:09", "end": "00:05:16", "text": "and then wedged in between that quite"}, {"start": "00:05:11", "end": "00:05:19", "text": "often is a lot of news about the largest"}, {"start": "00:05:16", "end": "00:05:21", "text": "banks on the planet buying up crypto. So"}, {"start": "00:05:19", "end": "00:05:23", "text": "I said that a couple of years ago for"}, {"start": "00:05:21", "end": "00:05:25", "text": "like a refresher. I said that a couple"}, {"start": "00:05:23", "end": "00:05:27", "text": "of years ago when we first got news"}, {"start": "00:05:25", "end": "00:05:29", "text": "about Black Rockck and Fidelity getting"}, {"start": "00:05:27", "end": "00:05:31", "text": "into crypto. I was like, \"You you"}, {"start": "00:05:29", "end": "00:05:32", "text": "understand that these people are also"}, {"start": "00:05:31", "end": "00:05:34", "text": "buying up huge amounts of crypto for"}, {"start": "00:05:32", "end": "00:05:35", "text": "themselves and their company?\" And"}, {"start": "00:05:34", "end": "00:05:36", "text": "people were like, \"No, that doesn't make"}, {"start": "00:05:35", "end": "00:05:37", "text": "any sense.\" And I was like, \"Why doesn't"}, {"start": "00:05:36", "end": "00:05:39", "text": "it make any sense?\" They were like, \"No,"}, {"start": "00:05:37", "end": "00:05:43", "text": "like they're only they're only offering"}, {"start": "00:05:39", "end": "00:05:45", "text": "it through an ETF.\" If you are putting"}, {"start": "00:05:43", "end": "00:05:47", "text": "your chips on the table and you are"}, {"start": "00:05:45", "end": "00:05:50", "text": "saying Bitcoin's at $13,000,"}, {"start": "00:05:47", "end": "00:05:53", "text": "we're expecting $45,000 and then Bitcoin"}, {"start": "00:05:50", "end": "00:05:56", "text": "goes to $126,000"}, {"start": "00:05:53", "end": "00:05:58", "text": "per coin. that company Black Rockck more"}, {"start": "00:05:56", "end": "00:06:00", "text": "than likely is holding gargantuan"}, {"start": "00:05:58", "end": "00:06:02", "text": "amounts of Bitcoin for themselves as"}, {"start": "00:06:00", "end": "00:06:05", "text": "well. Like their their only exposure"}, {"start": "00:06:02", "end": "00:06:07", "text": "isn't just to Bitcoin. But in the"}, {"start": "00:06:05", "end": "00:06:09", "text": "cryptocurrency space, if many people,"}, {"start": "00:06:07", "end": "00:06:13", "text": "this is a thing,"}, {"start": "00:06:09", "end": "00:06:17", "text": "if many people do not explicitly hear"}, {"start": "00:06:13", "end": "00:06:19", "text": "directly from Larry Think saying, \"Hey"}, {"start": "00:06:17", "end": "00:06:21", "text": "guys, it's weekend. You know, I'm in the"}, {"start": "00:06:19", "end": "00:06:24", "text": "Hamptons and my company just bought"}, {"start": "00:06:21", "end": "00:06:26", "text": "15,000 Bitcoin. Sorry that the message"}, {"start": "00:06:24", "end": "00:06:27", "text": "is so like like people need like an"}, {"start": "00:06:26", "end": "00:06:28", "text": "exact thing. Anyway, the point of the"}, {"start": "00:06:27", "end": "00:06:30", "text": "matter is yes, these people are of"}, {"start": "00:06:28", "end": "00:06:31", "text": "course all in the cryptocurrency space."}, {"start": "00:06:30", "end": "00:06:33", "text": "Of course, they're buying huge amounts"}, {"start": "00:06:31", "end": "00:06:36", "text": "of Bitcoin. A lot of the times whenever"}, {"start": "00:06:33", "end": "00:06:38", "text": "like we get like uh Bitcoin ETF news,"}, {"start": "00:06:36", "end": "00:06:40", "text": "I'm like, you know, that that company is"}, {"start": "00:06:38", "end": "00:06:42", "text": "also buying it themselves. And even"}, {"start": "00:06:40", "end": "00:06:44", "text": "unless listen, if we can also be"}, {"start": "00:06:42", "end": "00:06:47", "text": "completely honest with ourselves, we"}, {"start": "00:06:44", "end": "00:06:48", "text": "have explicit news from the largest"}, {"start": "00:06:47", "end": "00:06:50", "text": "banks and companies on the planet that"}, {"start": "00:06:48", "end": "00:06:52", "text": "they're also buying, holding, and"}, {"start": "00:06:50", "end": "00:06:55", "text": "accumulating Bitcoin, Ethereum, and XRP."}, {"start": "00:06:52", "end": "00:06:58", "text": "And then you can sprinkle in some Salana"}, {"start": "00:06:55", "end": "00:07:02", "text": "and other coins in there as well. I am"}, {"start": "00:06:58", "end": "00:07:06", "text": "just always confused as to how the big"}, {"start": "00:07:02", "end": "00:07:10", "text": "news doesn't make the big news."}, {"start": "00:07:06", "end": "00:07:16", "text": "Morgan Stanley has increased its"}, {"start": "00:07:10", "end": "00:07:18", "text": "exposure to Bitcoin with its MSBT fund"}, {"start": "00:07:16", "end": "00:07:22", "text": "accumulating $62.2"}, {"start": "00:07:18", "end": "00:07:26", "text": "$2 million worth of Bitcoin in the past"}, {"start": "00:07:22", "end": "00:07:29", "text": "20 trading days. The firm's robust"}, {"start": "00:07:26", "end": "00:07:31", "text": "inflows come as demand for institutional"}, {"start": "00:07:29", "end": "00:07:33", "text": "clients remains elevated, cementing"}, {"start": "00:07:31", "end": "00:07:37", "text": "Morgan Stanley's position as a"}, {"start": "00:07:33", "end": "00:07:39", "text": "significant player in the digital asset"}, {"start": "00:07:37", "end": "00:07:42", "text": "space."}, {"start": "00:07:39", "end": "00:07:44", "text": "I think news like this it doesn't. I"}, {"start": "00:07:42", "end": "00:07:47", "text": "told you I'm in a perpetual state of"}, {"start": "00:07:44", "end": "00:07:48", "text": "bullishness because I I figured out the"}, {"start": "00:07:47", "end": "00:07:50", "text": "puzzle. I figured out everything that's"}, {"start": "00:07:48", "end": "00:07:52", "text": "going on. I understand what's actually"}, {"start": "00:07:50", "end": "00:07:54", "text": "taking place. It's not that there are"}, {"start": "00:07:52", "end": "00:07:56", "text": "some companies and institutions who are"}, {"start": "00:07:54", "end": "00:08:00", "text": "in this market. It's everyone. And I"}, {"start": "00:07:56", "end": "00:08:01", "text": "would frame everyone as any company or"}, {"start": "00:08:00", "end": "00:08:03", "text": "institution"}, {"start": "00:08:01", "end": "00:08:06", "text": "holding or owning more than like a"}, {"start": "00:08:03", "end": "00:08:10", "text": "hundred million dollars. We keep hearing"}, {"start": "00:08:06", "end": "00:08:12", "text": "from them over and over. And"}, {"start": "00:08:10", "end": "00:08:15", "text": "I I don't know. I I don't really know"}, {"start": "00:08:12", "end": "00:08:17", "text": "what else to give you there. But uh yes,"}, {"start": "00:08:15", "end": "00:08:21", "text": "every everyone's"}, {"start": "00:08:17", "end": "00:08:25", "text": "everyone's buying up the BTC. Also, I"}, {"start": "00:08:21", "end": "00:08:28", "text": "want to say tying loosely into this. I"}, {"start": "00:08:25", "end": "00:08:29", "text": "don't really know."}, {"start": "00:08:28", "end": "00:08:33", "text": "We've been getting a lot of like really"}, {"start": "00:08:29", "end": "00:08:35", "text": "weird news lately, and I don't know if"}, {"start": "00:08:33", "end": "00:08:38", "text": "people"}, {"start": "00:08:35", "end": "00:08:40", "text": "understand what it might be or what it"}, {"start": "00:08:38", "end": "00:08:43", "text": "actually is, which we don't have full"}, {"start": "00:08:40", "end": "00:08:46", "text": "confirmation of. For those of you not"}, {"start": "00:08:43", "end": "00:08:51", "text": "looking at the screen, it says Goldman"}, {"start": "00:08:46", "end": "00:08:54", "text": "Sachs, City Bank, UBS have joined 21"}, {"start": "00:08:51", "end": "00:08:57", "text": "firms in a push for a dollar stable coin"}, {"start": "00:08:54", "end": "00:08:59", "text": "by 2027."}, {"start": "00:08:57", "end": "00:09:03", "text": "21 major financial institutions are"}, {"start": "00:08:59", "end": "00:09:06", "text": "forming a new company to launch a US"}, {"start": "00:09:03", "end": "00:09:08", "text": "dollar stable coin in the first half of"}, {"start": "00:09:06", "end": "00:09:11", "text": "2027."}, {"start": "00:09:08", "end": "00:09:14", "text": "The group plans to expand into other G7"}, {"start": "00:09:11", "end": "00:09:16", "text": "currencies with a eurodenominated token"}, {"start": "00:09:14", "end": "00:09:18", "text": "among its priorities."}, {"start": "00:09:16", "end": "00:09:20", "text": "Let me give you the full picture here."}, {"start": "00:09:18", "end": "00:09:22", "text": "So, we know that stable coins are meant"}, {"start": "00:09:20", "end": "00:09:24", "text": "to be a thing. Stable coins are being"}, {"start": "00:09:22", "end": "00:09:26", "text": "created this year. Companies and"}, {"start": "00:09:24", "end": "00:09:29", "text": "institutions, that was part of what the"}, {"start": "00:09:26", "end": "00:09:32", "text": "Clarity Act apparently was, air quotes."}, {"start": "00:09:29", "end": "00:09:34", "text": "It was like an 800page bill and three of"}, {"start": "00:09:32", "end": "00:09:37", "text": "the pages were about crypto. So, you"}, {"start": "00:09:34", "end": "00:09:39", "text": "know, take that how you will. The other"}, {"start": "00:09:37", "end": "00:09:41", "text": "part is that you and I have been hearing"}, {"start": "00:09:39", "end": "00:09:43", "text": "that all these companies and"}, {"start": "00:09:41", "end": "00:09:45", "text": "institutions are meant to get into the"}, {"start": "00:09:43", "end": "00:09:48", "text": "cryptocurrency space, right? That's what"}, {"start": "00:09:45", "end": "00:09:50", "text": "we've mainly been been going over. The"}, {"start": "00:09:48", "end": "00:09:53", "text": "secondary part is kind of like where"}, {"start": "00:09:50", "end": "00:09:55", "text": "they're going to happen. So, we have"}, {"start": "00:09:53", "end": "00:09:57", "text": "heard from the majority of banks and"}, {"start": "00:09:55", "end": "00:09:59", "text": "companies and institutions that a lot of"}, {"start": "00:09:57", "end": "00:10:01", "text": "these things are going to be on top of"}, {"start": "00:09:59", "end": "00:10:03", "text": "Ethereum. They're going to be on top of"}, {"start": "00:10:01", "end": "00:10:07", "text": "Salana. They're going to be on top of"}, {"start": "00:10:03", "end": "00:10:09", "text": "Polygon. I think the beginning of 2026"}, {"start": "00:10:07", "end": "00:10:11", "text": "is when we first started hearing that a"}, {"start": "00:10:09", "end": "00:10:14", "text": "lot of these coins that we heard were"}, {"start": "00:10:11", "end": "00:10:17", "text": "going to be created back in December of"}, {"start": "00:10:14", "end": "00:10:19", "text": "2025 were going to be put onto our"}, {"start": "00:10:17", "end": "00:10:22", "text": "chains. That's the Ethereum, the"}, {"start": "00:10:19", "end": "00:10:24", "text": "Polygon, the XRP, etc. The interesting"}, {"start": "00:10:22", "end": "00:10:27", "text": "part is that these banks also have been"}, {"start": "00:10:24", "end": "00:10:30", "text": "talking for years about creating their"}, {"start": "00:10:27", "end": "00:10:32", "text": "own stable coins and central bank"}, {"start": "00:10:30", "end": "00:10:35", "text": "digital currencies. JP Morgan tried"}, {"start": "00:10:32", "end": "00:10:38", "text": "first. It fell apart very quickly"}, {"start": "00:10:35", "end": "00:10:42", "text": "because I have a I have a strange"}, {"start": "00:10:38", "end": "00:10:44", "text": "inkling that a lot of banks don't"}, {"start": "00:10:42", "end": "00:10:45", "text": "actually like JP Morgan and they just"}, {"start": "00:10:44", "end": "00:10:48", "text": "kind of do business with them because"}, {"start": "00:10:45", "end": "00:10:51", "text": "they have to. So JP Morgan created a"}, {"start": "00:10:48", "end": "00:10:53", "text": "coin called JP Morgancoin which no one"}, {"start": "00:10:51", "end": "00:10:56", "text": "used. Uhhuh. Obviously. And I think even"}, {"start": "00:10:53", "end": "00:10:58", "text": "now they still have the coin, but I"}, {"start": "00:10:56", "end": "00:11:00", "text": "think they're like partners who are"}, {"start": "00:10:58", "end": "00:11:02", "text": "smaller than them have kind of been"}, {"start": "00:11:00", "end": "00:11:06", "text": "lightly,"}, {"start": "00:11:02", "end": "00:11:08", "text": "the word's not coerced, but"}, {"start": "00:11:06", "end": "00:11:10", "text": "gently shoved in the direction of"}, {"start": "00:11:08", "end": "00:11:11", "text": "saying, \"Hey, use our coin that no one"}, {"start": "00:11:10", "end": "00:11:14", "text": "else wants to use.\""}, {"start": "00:11:11", "end": "00:11:19", "text": "So, this news on the screen is quite big"}, {"start": "00:11:14", "end": "00:11:21", "text": "simply because it's it says 21"}, {"start": "00:11:19", "end": "00:11:23", "text": "companies, 21 banks are trying to create"}, {"start": "00:11:21", "end": "00:11:26", "text": "their own dollar stable coin. But the"}, {"start": "00:11:23", "end": "00:11:28", "text": "here's the here's the kicker [laughter]"}, {"start": "00:11:26", "end": "00:11:32", "text": "because"}, {"start": "00:11:28", "end": "00:11:35", "text": "a nowhere could I find information about"}, {"start": "00:11:32", "end": "00:11:38", "text": "where"}, {"start": "00:11:35", "end": "00:11:40", "text": "this stable coin or stable coins are"}, {"start": "00:11:38", "end": "00:11:44", "text": "meant to be."}, {"start": "00:11:40", "end": "00:11:47", "text": "So in this instance, we have heard from"}, {"start": "00:11:44", "end": "00:11:50", "text": "Tom Lee, from Kathy Wood, from Michael"}, {"start": "00:11:47", "end": "00:11:53", "text": "Jackson that apparently all these stable"}, {"start": "00:11:50", "end": "00:11:56", "text": "coins from what they've told us are"}, {"start": "00:11:53", "end": "00:11:59", "text": "supposed to be on top of the Ethereum"}, {"start": "00:11:56", "end": "00:12:02", "text": "Salana XRP. Got it. Awesome. This one,"}, {"start": "00:11:59", "end": "00:12:05", "text": "however, I found no information from any"}, {"start": "00:12:02", "end": "00:12:07", "text": "of the 21 firms announcing like, \"Hey,"}, {"start": "00:12:05", "end": "00:12:09", "text": "yeah, we're excited to work with Salana."}, {"start": "00:12:07", "end": "00:12:11", "text": "we're we're we're we're going to be"}, {"start": "00:12:09", "end": "00:12:13", "text": "putting this on top of XRP or we're"}, {"start": "00:12:11", "end": "00:12:17", "text": "working with Ripple, that kind of thing."}, {"start": "00:12:13", "end": "00:12:20", "text": "Because years ago, what JP Morgan did is"}, {"start": "00:12:17", "end": "00:12:22", "text": "they they forked and created their own"}, {"start": "00:12:20", "end": "00:12:26", "text": "private version of Ethereum, and that's"}, {"start": "00:12:22", "end": "00:12:30", "text": "where their stable coin currently runs."}, {"start": "00:12:26", "end": "00:12:33", "text": "So, while this is huge news for crypto"}, {"start": "00:12:30", "end": "00:12:38", "text": "adoption and stable coins, there's no"}, {"start": "00:12:33", "end": "00:12:41", "text": "news as as to if these 21 banks are"}, {"start": "00:12:38", "end": "00:12:43", "text": "going to be putting this new coin that"}, {"start": "00:12:41", "end": "00:12:45", "text": "they're trying to create by the"}, {"start": "00:12:43", "end": "00:12:47", "text": "beginning of 2027"}, {"start": "00:12:45", "end": "00:12:50", "text": "onto any of our chains or if this is"}, {"start": "00:12:47", "end": "00:12:52", "text": "going to be an independent project. if"}, {"start": "00:12:50", "end": "00:12:54", "text": "you haven't seen and that's interesting"}, {"start": "00:12:52", "end": "00:12:56", "text": "as well because many of these companies"}, {"start": "00:12:54", "end": "00:13:00", "text": "and banks have also announced that"}, {"start": "00:12:56", "end": "00:13:02", "text": "they're creating coins."}, {"start": "00:13:00", "end": "00:13:04", "text": "So the the initial impression was is"}, {"start": "00:13:02", "end": "00:13:07", "text": "that many of them would be creating like"}, {"start": "00:13:04", "end": "00:13:09", "text": "a tether coin you know that one thing"}, {"start": "00:13:07", "end": "00:13:11", "text": "apparently many of them are creating"}, {"start": "00:13:09", "end": "00:13:15", "text": "multiple different variations of like a"}, {"start": "00:13:11", "end": "00:13:18", "text": "US dollarbased stable coin. So the other"}, {"start": "00:13:15", "end": "00:13:22", "text": "big push is going and I mean this will"}, {"start": "00:13:18", "end": "00:13:25", "text": "be additional confirmation for me"}, {"start": "00:13:22", "end": "00:13:29", "text": "personally is to where these coins are"}, {"start": "00:13:25", "end": "00:13:31", "text": "going to actually be."}, {"start": "00:13:29", "end": "00:13:33", "text": "We've heard from Visa. We've heard from"}, {"start": "00:13:31", "end": "00:13:36", "text": "Mastercard. We've heard from a We've"}, {"start": "00:13:33", "end": "00:13:39", "text": "heard what was the other one?"}, {"start": "00:13:36", "end": "00:13:40", "text": "It wasn't was it Wells Fargo?"}, {"start": "00:13:39", "end": "00:13:42", "text": "We've heard from a number of"}, {"start": "00:13:40", "end": "00:13:44", "text": "institutions who have all announced that"}, {"start": "00:13:42", "end": "00:13:47", "text": "they will be putting a number of their"}, {"start": "00:13:44", "end": "00:13:48", "text": "projects onto our chains. And I say our"}, {"start": "00:13:47", "end": "00:13:51", "text": "chains because they're public and"}, {"start": "00:13:48", "end": "00:13:54", "text": "they're for the people. But this one,"}, {"start": "00:13:51", "end": "00:13:58", "text": "however, became very popular in the news"}, {"start": "00:13:54", "end": "00:14:01", "text": "because of the idea of 21 banks merging"}, {"start": "00:13:58", "end": "00:14:04", "text": "together to create a stable coin. Got"}, {"start": "00:14:01", "end": "00:14:09", "text": "it. No word as to where it's going to"}, {"start": "00:14:04", "end": "00:14:12", "text": "be. If we do indeed get news"}, {"start": "00:14:09", "end": "00:14:15", "text": "that it's on any of the chains that"}, {"start": "00:14:12", "end": "00:14:18", "text": "we've been talking about,"}, {"start": "00:14:15", "end": "00:14:19", "text": "I have a feeling a lot of people are"}, {"start": "00:14:18", "end": "00:14:22", "text": "going to start to push their money"}, {"start": "00:14:19", "end": "00:14:24", "text": "towards those chains. As of right now,"}, {"start": "00:14:22", "end": "00:14:28", "text": "all unconfirmed. We don't know where."}, {"start": "00:14:24", "end": "00:14:33", "text": "The beginning of 2027 as well. also"}, {"start": "00:14:28", "end": "00:14:35", "text": "supposed to be this era of stable coins,"}, {"start": "00:14:33", "end": "00:14:39", "text": "hyperrowth in the crypto market and yada"}, {"start": "00:14:35", "end": "00:14:43", "text": "yada. So uh and the next story also is"}, {"start": "00:14:39", "end": "00:14:46", "text": "going to I found it very fascinating. We"}, {"start": "00:14:43", "end": "00:14:47", "text": "heard you and I at the beginning of this"}, {"start": "00:14:46", "end": "00:14:50", "text": "year"}, {"start": "00:14:47", "end": "00:14:54", "text": "about the amount of projects that would"}, {"start": "00:14:50", "end": "00:14:57", "text": "be put onto Ethereum that would bring"}, {"start": "00:14:54", "end": "00:15:01", "text": "Ethereum's price to 6,000"}, {"start": "00:14:57", "end": "00:15:03", "text": "$6,000 by the end of the year. At this"}, {"start": "00:15:01", "end": "00:15:07", "text": "point,"}, {"start": "00:15:03", "end": "00:15:09", "text": "I'm kind of just waiting to see"}, {"start": "00:15:07", "end": "00:15:13", "text": "when that actually ends up happening."}, {"start": "00:15:09", "end": "00:15:15", "text": "Yeah, this was quite weird. The news"}, {"start": "00:15:13", "end": "00:15:17", "text": "about a stable coin is very popular but"}, {"start": "00:15:15", "end": "00:15:19", "text": "not the news that we had I think it was"}, {"start": "00:15:17", "end": "00:15:22", "text": "Wells Fargo might have even been Goldman"}, {"start": "00:15:19", "end": "00:15:25", "text": "Sachs. Uh no also the other news from"}, {"start": "00:15:22", "end": "00:15:28", "text": "from from from Deutsche Bank that we had"}, {"start": "00:15:25", "end": "00:15:30", "text": "recently about them like literally"}, {"start": "00:15:28", "end": "00:15:33", "text": "offering Ethereum and Bitcoin services"}, {"start": "00:15:30", "end": "00:15:37", "text": "that doesn't make popular news. But the"}, {"start": "00:15:33", "end": "00:15:41", "text": "idea of a stable coin in general that"}, {"start": "00:15:37", "end": "00:15:44", "text": "that tantalizes many. Yeah. Oh, also"}, {"start": "00:15:41", "end": "00:15:46", "text": "here we go. I finally found it. Someone"}, {"start": "00:15:44", "end": "00:15:48", "text": "made an article. I couldn't believe it."}, {"start": "00:15:46", "end": "00:15:50", "text": "Whoever you are, shout out to you. We"}, {"start": "00:15:48", "end": "00:15:54", "text": "finally got a number. I've been"}, {"start": "00:15:50", "end": "00:15:58", "text": "complaining for at least two years now"}, {"start": "00:15:54", "end": "00:16:01", "text": "because we, you and I keep on hearing"}, {"start": "00:15:58", "end": "00:16:04", "text": "about all these upgrades and updates to"}, {"start": "00:16:01", "end": "00:16:07", "text": "Ethereum. And I've all I've been saying"}, {"start": "00:16:04", "end": "00:16:09", "text": "for a while now, how many transactions"}, {"start": "00:16:07", "end": "00:16:11", "text": "per second on Ethereum? Because when you"}, {"start": "00:16:09", "end": "00:16:12", "text": "Google it, when you look around,"}, {"start": "00:16:11", "end": "00:16:15", "text": "everyone's like, \"No, it's not about"}, {"start": "00:16:12", "end": "00:16:16", "text": "transactions per second. It's about like"}, {"start": "00:16:15", "end": "00:16:19", "text": "how many transactions can be batched"}, {"start": "00:16:16", "end": "00:16:22", "text": "together, which also"}, {"start": "00:16:19", "end": "00:16:25", "text": "annoys me to no end.\" For those of you"}, {"start": "00:16:22", "end": "00:16:28", "text": "not looking at the screen, it says"}, {"start": "00:16:25", "end": "00:16:31", "text": "Ethereum's layer 1, that's Ethereum,"}, {"start": "00:16:28", "end": "00:16:34", "text": "layer 1 network reached usage records in"}, {"start": "00:16:31", "end": "00:16:36", "text": "quarter 2 of 2026"}, {"start": "00:16:34", "end": "00:16:40", "text": "despite a sharp decline in monthly"}, {"start": "00:16:36", "end": "00:16:43", "text": "active users. Token terminal data shows"}, {"start": "00:16:40", "end": "00:16:47", "text": "Ethereum processed 203 million"}, {"start": "00:16:43", "end": "00:16:50", "text": "transactions during the quarter, up 68%"}, {"start": "00:16:47", "end": "00:16:54", "text": "from a year earlier. Average throughput,"}, {"start": "00:16:50", "end": "00:16:59", "text": "the amount of transactions per second on"}, {"start": "00:16:54", "end": "00:16:59", "text": "Ethereum is apparently 25.9."}, {"start": "00:17:01", "end": "00:17:05", "text": "What have I been saying for a while now?"}, {"start": "00:17:03", "end": "00:17:08", "text": "And this is why I think people keep"}, {"start": "00:17:05", "end": "00:17:10", "text": "saying don't worry about transactions"}, {"start": "00:17:08", "end": "00:17:13", "text": "per second. Worry about batched"}, {"start": "00:17:10", "end": "00:17:15", "text": "transactions. A couple of years ago,"}, {"start": "00:17:13", "end": "00:17:18", "text": "this was a major discussion for Cardano."}, {"start": "00:17:15", "end": "00:17:20", "text": "And I sat there like, can someone give"}, {"start": "00:17:18", "end": "00:17:23", "text": "me an answer? Imagine like walking into"}, {"start": "00:17:20", "end": "00:17:26", "text": "whatever I had a whole story, but let's"}, {"start": "00:17:23", "end": "00:17:29", "text": "let's let's breeze past it. We kept on"}, {"start": "00:17:26", "end": "00:17:32", "text": "hearing years ago that Cardano had like"}, {"start": "00:17:29", "end": "00:17:36", "text": "major upgrades happen to it. For"}, {"start": "00:17:32", "end": "00:17:40", "text": "reference for all of you, Bitcoin does"}, {"start": "00:17:36", "end": "00:17:43", "text": "three to five transactions per second."}, {"start": "00:17:40", "end": "00:17:46", "text": "Three to five."}, {"start": "00:17:43", "end": "00:17:50", "text": "Ethereum has historically always been"}, {"start": "00:17:46", "end": "00:17:51", "text": "around 10, 12 or 15 transactions per"}, {"start": "00:17:50", "end": "00:17:54", "text": "second. These are older chains. You have"}, {"start": "00:17:51", "end": "00:17:56", "text": "to understand that they can indeed be"}, {"start": "00:17:54", "end": "00:18:00", "text": "upgraded to do more transactions per"}, {"start": "00:17:56", "end": "00:18:03", "text": "second, but it is usually at the risk of"}, {"start": "00:18:00", "end": "00:18:06", "text": "becoming less decentralized because you"}, {"start": "00:18:03", "end": "00:18:08", "text": "have to give up more"}, {"start": "00:18:06", "end": "00:18:10", "text": "uh decentralization in order to kind of"}, {"start": "00:18:08", "end": "00:18:11", "text": "like allow transactions to move through"}, {"start": "00:18:10", "end": "00:18:12", "text": "quickly."}, {"start": "00:18:11", "end": "00:18:14", "text": ">> [clears throat]"}, {"start": "00:18:12", "end": "00:18:17", "text": ">> This is why"}, {"start": "00:18:14", "end": "00:18:20", "text": "Visa and Mastercard as they are"}, {"start": "00:18:17", "end": "00:18:22", "text": "centralized are able to process 60,000"}, {"start": "00:18:20", "end": "00:18:26", "text": "transactions per second. There's no need"}, {"start": "00:18:22", "end": "00:18:28", "text": "for any kind of like um vetting on the"}, {"start": "00:18:26", "end": "00:18:29", "text": "network. There's no like you know can"}, {"start": "00:18:28", "end": "00:18:32", "text": "this go through? Is this illegal? is"}, {"start": "00:18:29", "end": "00:18:36", "text": "this like anyway the the point of the"}, {"start": "00:18:32", "end": "00:18:38", "text": "matter is um we were told this was like"}, {"start": "00:18:36", "end": "00:18:42", "text": "three or four years ago that Cardano was"}, {"start": "00:18:38", "end": "00:18:43", "text": "like uh ready like for the big time in"}, {"start": "00:18:42", "end": "00:18:45", "text": "every institution can use it every"}, {"start": "00:18:43", "end": "00:18:46", "text": "single company and I was like what's"}, {"start": "00:18:45", "end": "00:18:48", "text": "what's the number how many transactions"}, {"start": "00:18:46", "end": "00:18:50", "text": "per second and people were like well"}, {"start": "00:18:48", "end": "00:18:53", "text": "that doesn't matter because all that"}, {"start": "00:18:50", "end": "00:18:57", "text": "matters is is that like if you have like"}, {"start": "00:18:53", "end": "00:19:01", "text": "3,000 transactions and you put them into"}, {"start": "00:18:57", "end": "00:19:02", "text": "one little box and then that counts on 1"}, {"start": "00:19:01", "end": "00:19:05", "text": "second of the transactions going"}, {"start": "00:19:02", "end": "00:19:07", "text": "through. Then technically like they're"}, {"start": "00:19:05", "end": "00:19:09", "text": "doing like 3,000 transactions per"}, {"start": "00:19:07", "end": "00:19:11", "text": "second. And I was like, but those are"}, {"start": "00:19:09", "end": "00:19:13", "text": "batched transactions. How many"}, {"start": "00:19:11", "end": "00:19:16", "text": "transactions can the network process by"}, {"start": "00:19:13", "end": "00:19:19", "text": "itself? Never got an answer. Never got"}, {"start": "00:19:16", "end": "00:19:22", "text": "an answer. Never got an answer. for"}, {"start": "00:19:19", "end": "00:19:26", "text": "Ethereum. The last year, if you weren't"}, {"start": "00:19:22", "end": "00:19:30", "text": "here, every like two months, there's"}, {"start": "00:19:26", "end": "00:19:31", "text": "some kind of like Ethereum upgrade news."}, {"start": "00:19:30", "end": "00:19:33", "text": "We're working on what is it called?"}, {"start": "00:19:31", "end": "00:19:36", "text": "Sapoleia. They're working on"}, {"start": "00:19:33", "end": "00:19:38", "text": "Glamsterdam. They're working on this."}, {"start": "00:19:36", "end": "00:19:39", "text": "This is going to happen. There's a new"}, {"start": "00:19:38", "end": "00:19:41", "text": "upgrade coming on Thursday. This one's"}, {"start": "00:19:39", "end": "00:19:43", "text": "coming in November. And I was like, \"Oh,"}, {"start": "00:19:41", "end": "00:19:46", "text": "that's really cool.\""}, {"start": "00:19:43", "end": "00:19:51", "text": "But if Ethereum is supposed to be for"}, {"start": "00:19:46", "end": "00:19:52", "text": "like the the big times,"}, {"start": "00:19:51", "end": "00:19:54", "text": "if all the banks and institutions are"}, {"start": "00:19:52", "end": "00:19:56", "text": "going to be putting their information"}, {"start": "00:19:54", "end": "00:19:58", "text": "and banks and stable coins on top of"}, {"start": "00:19:56", "end": "00:20:01", "text": "Ethereum,"}, {"start": "00:19:58", "end": "00:20:03", "text": "clearly Ethereum must be doing 7,000"}, {"start": "00:20:01", "end": "00:20:08", "text": "minimum transactions per second right"}, {"start": "00:20:03", "end": "00:20:08", "text": "now. The answer is 25."}, {"start": "00:20:09", "end": "00:20:15", "text": "Isn't that freaking interesting?"}, {"start": "00:20:12", "end": "00:20:17", "text": "this person it was there and I was like"}, {"start": "00:20:15", "end": "00:20:20", "text": "okay because no one else is actually"}, {"start": "00:20:17", "end": "00:20:22", "text": "reporting on any of these numbers so I"}, {"start": "00:20:20", "end": "00:20:25", "text": "assume if you didn't see and this is"}, {"start": "00:20:22", "end": "00:20:28", "text": "this is also years ago this is years ago"}, {"start": "00:20:25", "end": "00:20:32", "text": "one of the main ideas was that the uh"}, {"start": "00:20:28", "end": "00:20:36", "text": "layer twos of Ethereum would have to"}, {"start": "00:20:32", "end": "00:20:38", "text": "pick up the slack for the layer one in"}, {"start": "00:20:36", "end": "00:20:40", "text": "2016"}, {"start": "00:20:38", "end": "00:20:42", "text": "listen I'm not saying anything like"}, {"start": "00:20:40", "end": "00:20:44", "text": "negative I'm just giving you the actual"}, {"start": "00:20:42", "end": "00:20:46", "text": "news of what's been going on because"}, {"start": "00:20:44", "end": "00:20:48", "text": "I've sat here like I feel like"}, {"start": "00:20:46", "end": "00:20:51", "text": "Ethereum's not doing over a thousand"}, {"start": "00:20:48", "end": "00:20:53", "text": "transactions per second. Years ago, we"}, {"start": "00:20:51", "end": "00:20:57", "text": "had news that in the future Ethereum's"}, {"start": "00:20:53", "end": "00:20:58", "text": "layer twos would have to pick up the"}, {"start": "00:20:57", "end": "00:21:01", "text": "slack"}, {"start": "00:20:58", "end": "00:21:03", "text": "for Ethereum because it wouldn't be able"}, {"start": "00:21:01", "end": "00:21:07", "text": "to do all the transactions per second."}, {"start": "00:21:03", "end": "00:21:10", "text": "Same exact thing with in 2017 and 2018."}, {"start": "00:21:07", "end": "00:21:14", "text": "We that's that that's me, us, you and I."}, {"start": "00:21:10", "end": "00:21:16", "text": "We were told by 2020"}, {"start": "00:21:14", "end": "00:21:18", "text": "2020"}, {"start": "00:21:16", "end": "00:21:21", "text": "Ethereum would have a 100,000"}, {"start": "00:21:18", "end": "00:21:24", "text": "transactions per second. By the time we"}, {"start": "00:21:21", "end": "00:21:29", "text": "got to the late 2020s, like now, we'd"}, {"start": "00:21:24", "end": "00:21:31", "text": "have a million transactions per second."}, {"start": "00:21:29", "end": "00:21:32", "text": "That's why I keep saying I find it so"}, {"start": "00:21:31", "end": "00:21:33", "text": "fascinating that all these banks and all"}, {"start": "00:21:32", "end": "00:21:36", "text": "these companies and all these"}, {"start": "00:21:33", "end": "00:21:39", "text": "institutions are talking about putting"}, {"start": "00:21:36", "end": "00:21:41", "text": "their stable coins on top of Ethereum"}, {"start": "00:21:39", "end": "00:21:44", "text": "and I'm like"}, {"start": "00:21:41", "end": "00:21:46", "text": "you can't do that with 25 transactions"}, {"start": "00:21:44", "end": "00:21:49", "text": "per second. Like it doesn't make any"}, {"start": "00:21:46", "end": "00:21:53", "text": "sense. So the next upgrades that we"}, {"start": "00:21:49", "end": "00:21:56", "text": "heard uh I think"}, {"start": "00:21:53", "end": "00:21:59", "text": "I think are scheduled sometime in autumn"}, {"start": "00:21:56", "end": "00:22:01", "text": "winter somewhere around there. Those are"}, {"start": "00:21:59", "end": "00:22:04", "text": "also proposed to like increase"}, {"start": "00:22:01", "end": "00:22:07", "text": "throughput and transactions per second"}, {"start": "00:22:04", "end": "00:22:07", "text": "and I am"}, {"start": "00:22:08", "end": "00:22:15", "text": "very fascinated to see what's going to"}, {"start": "00:22:12", "end": "00:22:18", "text": "happen because I wonder exactly what the"}, {"start": "00:22:15", "end": "00:22:19", "text": "number is going to be a new because a"}, {"start": "00:22:18", "end": "00:22:21", "text": "lot of the upgrade news that we've been"}, {"start": "00:22:19", "end": "00:22:24", "text": "getting for Ethereum has to do with"}, {"start": "00:22:21", "end": "00:22:25", "text": "lowering transaction fees and um you"}, {"start": "00:22:24", "end": "00:22:28", "text": "know updating this and this is going to"}, {"start": "00:22:25", "end": "00:22:33", "text": "be more streamlined and so none of the"}, {"start": "00:22:28", "end": "00:22:38", "text": "none of the updates and upgrade news has"}, {"start": "00:22:33", "end": "00:22:43", "text": "ever said we will officially have 15,000"}, {"start": "00:22:38", "end": "00:22:43", "text": "transactions per second February 2027."}, {"start": "00:22:45", "end": "00:22:48", "text": "This is it's all very fascinating to me."}, {"start": "00:22:47", "end": "00:22:50", "text": "[laughter]"}, {"start": "00:22:48", "end": "00:22:52", "text": "Anyway, finally found the number."}, {"start": "00:22:50", "end": "00:22:55", "text": "Whoever you are, whoever wrote this"}, {"start": "00:22:52", "end": "00:22:57", "text": "article, you are an angel among men"}, {"start": "00:22:55", "end": "00:23:00", "text": "because I could not find the number no"}, {"start": "00:22:57", "end": "00:23:05", "text": "matter how hard I tried."}, {"start": "00:23:00", "end": "00:23:06", "text": "Anywh who, uh, that's the Ethereum news,"}, {"start": "00:23:05", "end": "00:23:08", "text": "I guess, or something like that. I'm not"}, {"start": "00:23:06", "end": "00:23:11", "text": "really sure."}, {"start": "00:23:08", "end": "00:23:14", "text": "Okie dokie."}, {"start": "00:23:11", "end": "00:23:17", "text": "Let's move on."}, {"start": "00:23:14", "end": "00:23:19", "text": "Also in the news, for those of you not"}, {"start": "00:23:17", "end": "00:23:22", "text": "looking at the screen, everyone's trying"}, {"start": "00:23:19", "end": "00:23:24", "text": "to Oh, I'm stretching. Oh, my back. Oh"}, {"start": "00:23:22", "end": "00:23:27", "text": "gosh."}, {"start": "00:23:24", "end": "00:23:30", "text": "Woo. Uh, basically what's happening now"}, {"start": "00:23:27", "end": "00:23:32", "text": "is we are witnessing an institutional"}, {"start": "00:23:30", "end": "00:23:35", "text": "move forward"}, {"start": "00:23:32", "end": "00:23:39", "text": "of"}, {"start": "00:23:35", "end": "00:23:42", "text": "everyone trying to be uh 24 hours a day."}, {"start": "00:23:39", "end": "00:23:44", "text": "So, uh, recently we had news that"}, {"start": "00:23:42", "end": "00:23:47", "text": "apparently the New York Stock Exchange"}, {"start": "00:23:44", "end": "00:23:52", "text": "and the NASDAQ, I think also a couple of"}, {"start": "00:23:47", "end": "00:23:54", "text": "European stock exchanges and"}, {"start": "00:23:52", "end": "00:23:56", "text": "maybe one or two in Latin America from"}, {"start": "00:23:54", "end": "00:23:59", "text": "what I can remember. Uh, basically the"}, {"start": "00:23:56", "end": "00:24:02", "text": "CEOs of these companies came forward and"}, {"start": "00:23:59", "end": "00:24:05", "text": "they kind of admitted"}, {"start": "00:24:02", "end": "00:24:07", "text": "that um, crypto does it better. I'm"}, {"start": "00:24:05", "end": "00:24:10", "text": "paraphrasing, but they basically were"}, {"start": "00:24:07", "end": "00:24:12", "text": "like, you know, we're not making as much"}, {"start": "00:24:10", "end": "00:24:14", "text": "money as we could [clears throat]"}, {"start": "00:24:12", "end": "00:24:16", "text": "because crypto is open all the time."}, {"start": "00:24:14", "end": "00:24:18", "text": "Like you can go to Coinbase and trade"}, {"start": "00:24:16", "end": "00:24:21", "text": "whenever you want. There is no like"}, {"start": "00:24:18", "end": "00:24:24", "text": "downtime to it. So all the mega"}, {"start": "00:24:21", "end": "00:24:27", "text": "companies are also a"}, {"start": "00:24:24", "end": "00:24:28", "text": "integrating crypto into their systems,"}, {"start": "00:24:27", "end": "00:24:33", "text": "but b"}, {"start": "00:24:28", "end": "00:24:37", "text": "also trying to now run uh 24 hours a day"}, {"start": "00:24:33", "end": "00:24:40", "text": "as well. It says the SEC has tapped"}, {"start": "00:24:37", "end": "00:24:44", "text": "Black Rockck, Robin Hood, the New York"}, {"start": "00:24:40", "end": "00:24:49", "text": "Stock Exchange, and more for a 24hour"}, {"start": "00:24:44", "end": "00:24:51", "text": "trading push. Uh this is something that"}, {"start": "00:24:49", "end": "00:24:54", "text": "um we live in we live in the future,"}, {"start": "00:24:51", "end": "00:24:57", "text": "right? We live in like this is"}, {"start": "00:24:54", "end": "00:24:59", "text": "definitely 2026, almost 2027."}, {"start": "00:24:57", "end": "00:25:00", "text": "We have like a you like there like you"}, {"start": "00:24:59", "end": "00:25:03", "text": "can order robots and stuff now. Did you"}, {"start": "00:25:00", "end": "00:25:04", "text": "see the things that like I mean it"}, {"start": "00:25:03", "end": "00:25:06", "text": "didn't do it very well but you know what"}, {"start": "00:25:04", "end": "00:25:09", "text": "have you. There was one robot uh that"}, {"start": "00:25:06", "end": "00:25:11", "text": "you can now order to like clean your"}, {"start": "00:25:09", "end": "00:25:12", "text": "house, clean your dishes. There's"}, {"start": "00:25:11", "end": "00:25:14", "text": "another one that like walks around your"}, {"start": "00:25:12", "end": "00:25:16", "text": "house and like takes out the laundry and"}, {"start": "00:25:14", "end": "00:25:19", "text": "folds your clothes. So by, you know, by"}, {"start": "00:25:16", "end": "00:25:24", "text": "the 2030s we are, you know, we're"}, {"start": "00:25:19", "end": "00:25:27", "text": "sitting in like iroot territory. Um"}, {"start": "00:25:24", "end": "00:25:29", "text": "but um it would appear that a lot of"}, {"start": "00:25:27", "end": "00:25:32", "text": "like older systems have been quite"}, {"start": "00:25:29", "end": "00:25:36", "text": "reluctant to actually update in some"}, {"start": "00:25:32", "end": "00:25:37", "text": "sort of way. It's kind of like you know"}, {"start": "00:25:36", "end": "00:25:39", "text": "some banking uh if you're trying to"}, {"start": "00:25:37", "end": "00:25:41", "text": "transfer money through banks like they"}, {"start": "00:25:39", "end": "00:25:42", "text": "will still take days or they're like oh"}, {"start": "00:25:41", "end": "00:25:44", "text": "I'm sorry like you sent it on Friday"}, {"start": "00:25:42", "end": "00:25:46", "text": "night like the weekend has to happen and"}, {"start": "00:25:44", "end": "00:25:49", "text": "it's like"}, {"start": "00:25:46", "end": "00:25:52", "text": "I can legitimately"}, {"start": "00:25:49", "end": "00:25:54", "text": "whatever. Anyway, I have so many Listen,"}, {"start": "00:25:52", "end": "00:25:56", "text": "I'm going to be honest with you. I have"}, {"start": "00:25:54", "end": "00:25:58", "text": "so many things going through my head,"}, {"start": "00:25:56", "end": "00:26:00", "text": "but I know that sometimes if I start"}, {"start": "00:25:58", "end": "00:26:02", "text": "talking about them, I would sit so I"}, {"start": "00:26:00", "end": "00:26:04", "text": "would black out"}, {"start": "00:26:02", "end": "00:26:08", "text": "and I would sit here and rant for like"}, {"start": "00:26:04", "end": "00:26:10", "text": "six or seven minutes while staring at"}, {"start": "00:26:08", "end": "00:26:13", "text": "the computer screen and then I would"}, {"start": "00:26:10", "end": "00:26:14", "text": "come to and I wouldn't remember what we"}, {"start": "00:26:13", "end": "00:26:17", "text": "were talking about. You know how often I"}, {"start": "00:26:14", "end": "00:26:20", "text": "do that is actually a little terrifying."}, {"start": "00:26:17", "end": "00:26:21", "text": "the amount of times I can like trail off"}, {"start": "00:26:20", "end": "00:26:23", "text": "and just talk about completely anything"}, {"start": "00:26:21", "end": "00:26:25", "text": "else because I have so many things"}, {"start": "00:26:23", "end": "00:26:27", "text": "always going through my mind. That's why"}, {"start": "00:26:25", "end": "00:26:29", "text": "a lot of times you'll hear me start to"}, {"start": "00:26:27", "end": "00:26:31", "text": "say something and I'm like never mind"}, {"start": "00:26:29", "end": "00:26:36", "text": "because these these videos would be 95"}, {"start": "00:26:31", "end": "00:26:38", "text": "minutes long and it would I would sound"}, {"start": "00:26:36", "end": "00:26:40", "text": "insane. [laughter] I could I couldn't I"}, {"start": "00:26:38", "end": "00:26:42", "text": "couldn't find a better word. I would"}, {"start": "00:26:40", "end": "00:26:44", "text": "sound nutso. You'd be like, \"What the"}, {"start": "00:26:42", "end": "00:26:46", "text": "fudge is this man talking about?\" And no"}, {"start": "00:26:44", "end": "00:26:48", "text": "one would be able to guess or know."}, {"start": "00:26:46", "end": "00:26:50", "text": "Anyway, I have ideas about what the"}, {"start": "00:26:48", "end": "00:26:51", "text": "future should look like. I feel like we"}, {"start": "00:26:50", "end": "00:26:54", "text": "should be able to do many different"}, {"start": "00:26:51", "end": "00:26:56", "text": "things that we currently cannot. Um,"}, {"start": "00:26:54", "end": "00:26:57", "text": "even when it comes anyway, whatever. Uh,"}, {"start": "00:26:56", "end": "00:27:00", "text": "even like when it comes to like"}, {"start": "00:26:57", "end": "00:27:02", "text": "streaming. Did you see that thing? This"}, {"start": "00:27:00", "end": "00:27:04", "text": "was a couple of weeks ago. It had to do"}, {"start": "00:27:02", "end": "00:27:06", "text": "with PlayStation. Uh, PlayStation"}, {"start": "00:27:04", "end": "00:27:08", "text": "announced that they were going to be"}, {"start": "00:27:06", "end": "00:27:11", "text": "like removing was it video games or"}, {"start": "00:27:08", "end": "00:27:14", "text": "movies? I think people bought stuff on"}, {"start": "00:27:11", "end": "00:27:15", "text": "their PlayStations and then Sony was"}, {"start": "00:27:14", "end": "00:27:17", "text": "like, \"Yeah, like like we're removing"}, {"start": "00:27:15", "end": "00:27:18", "text": "that.\" And people were like, \"What? We"}, {"start": "00:27:17", "end": "00:27:21", "text": "paid money for it.\" And Sony was like,"}, {"start": "00:27:18", "end": "00:27:23", "text": "\"Well, yeah, you paid money for like the"}, {"start": "00:27:21", "end": "00:27:25", "text": "right to be able to view it, but when"}, {"start": "00:27:23", "end": "00:27:27", "text": "you like when you're trying to get it,"}, {"start": "00:27:25", "end": "00:27:28", "text": "it says like, \"Do you want to buy this?\""}, {"start": "00:27:27", "end": "00:27:32", "text": "And as far as I've known, like the word"}, {"start": "00:27:28", "end": "00:27:34", "text": "buy means like you are purchasing that"}, {"start": "00:27:32", "end": "00:27:37", "text": "item. It it belongs to you. You are the"}, {"start": "00:27:34", "end": "00:27:38", "text": "owner of said thing. Not maybe in seven"}, {"start": "00:27:37", "end": "00:27:40", "text": "years, Sony's going to decide that they"}, {"start": "00:27:38", "end": "00:27:41", "text": "don't want to have it on their like"}, {"start": "00:27:40", "end": "00:27:43", "text": "platform anymore. or then they're going"}, {"start": "00:27:41", "end": "00:27:46", "text": "to get rid of it and then not refund"}, {"start": "00:27:43", "end": "00:27:49", "text": "people"}, {"start": "00:27:46", "end": "00:27:51", "text": "that I feel like we're at the point"}, {"start": "00:27:49", "end": "00:27:53", "text": "where"}, {"start": "00:27:51", "end": "00:27:55", "text": "you should"}, {"start": "00:27:53", "end": "00:27:57", "text": "if we could if maybe do we need to bring"}, {"start": "00:27:55", "end": "00:27:59", "text": "back Blockbuster? I I don't really"}, {"start": "00:27:57", "end": "00:28:03", "text": "understand anymore. I I feel like the"}, {"start": "00:27:59", "end": "00:28:06", "text": "the world is so fragmented even with the"}, {"start": "00:28:03", "end": "00:28:10", "text": "internet. Why is it that you should be"}, {"start": "00:28:06", "end": "00:28:13", "text": "able to have the literal like I bought"}, {"start": "00:28:10", "end": "00:28:15", "text": "this movie on the PlayStation? Then you"}, {"start": "00:28:13", "end": "00:28:16", "text": "should like be able to literally"}, {"start": "00:28:15", "end": "00:28:18", "text": "download it. You [clears throat] should"}, {"start": "00:28:16", "end": "00:28:21", "text": "be able to have that thing on a hard"}, {"start": "00:28:18", "end": "00:28:24", "text": "drive or put it onto a USB like that"}, {"start": "00:28:21", "end": "00:28:26", "text": "that that movie is yours forever. Same"}, {"start": "00:28:24", "end": "00:28:28", "text": "exact thing with video games. I don't"}, {"start": "00:28:26", "end": "00:28:30", "text": "how is that even a discussion that we're"}, {"start": "00:28:28", "end": "00:28:32", "text": "having right now that people just don't"}, {"start": "00:28:30", "end": "00:28:34", "text": "own the things that they're actually"}, {"start": "00:28:32", "end": "00:28:38", "text": "buying?"}, {"start": "00:28:34", "end": "00:28:40", "text": "It's the same with like uh like um"}, {"start": "00:28:38", "end": "00:28:44", "text": "Spotify and like all these other things."}, {"start": "00:28:40", "end": "00:28:48", "text": "I don't consider myself old school, but"}, {"start": "00:28:44", "end": "00:28:50", "text": "apparently I am. I like to own my files."}, {"start": "00:28:48", "end": "00:28:53", "text": "So, when it comes to like music and"}, {"start": "00:28:50", "end": "00:28:56", "text": "stuff that I have like on my phone, like"}, {"start": "00:28:53", "end": "00:28:58", "text": "I still put them onto my iTunes and then"}, {"start": "00:28:56", "end": "00:29:00", "text": "I plug in my phone and then I have them"}, {"start": "00:28:58", "end": "00:29:02", "text": "on my phone like under like the little"}, {"start": "00:29:00", "end": "00:29:04", "text": "like red music icon."}, {"start": "00:29:02", "end": "00:29:06", "text": "Do you want to know why? Because these"}, {"start": "00:29:04", "end": "00:29:08", "text": "platforms disappear. I've spoken to so"}, {"start": "00:29:06", "end": "00:29:10", "text": "many friends and they were like, \"Yeah,"}, {"start": "00:29:08", "end": "00:29:11", "text": "well, like I only use Spotify.\" And I"}, {"start": "00:29:10", "end": "00:29:12", "text": "was like, \"What if Spotify goes down?\""}, {"start": "00:29:11", "end": "00:29:14", "text": "They were like, \"That's never going to"}, {"start": "00:29:12", "end": "00:29:16", "text": "happen.\" And I was like, you know how"}, {"start": "00:29:14", "end": "00:29:18", "text": "many other companies like disappear"}, {"start": "00:29:16", "end": "00:29:20", "text": "after five, six, like no company is"}, {"start": "00:29:18", "end": "00:29:23", "text": "forever? So you're making all these"}, {"start": "00:29:20", "end": "00:29:25", "text": "playlists, all these things on Spotify"}, {"start": "00:29:23", "end": "00:29:27", "text": "and then at some point the company will"}, {"start": "00:29:25", "end": "00:29:31", "text": "disappear in the future and you will"}, {"start": "00:29:27", "end": "00:29:34", "text": "lose access to all the m maybe music is"}, {"start": "00:29:31", "end": "00:29:37", "text": "maybe just more important to me."}, {"start": "00:29:34", "end": "00:29:38", "text": "Okay. So a lot of times I I do wonder"}, {"start": "00:29:37", "end": "00:29:40", "text": "about these things and it's like I don't"}, {"start": "00:29:38", "end": "00:29:42", "text": "why why are things so difficult? Why"}, {"start": "00:29:40", "end": "00:29:44", "text": "aren't payments through banks"}, {"start": "00:29:42", "end": "00:29:46", "text": "instantaneous? Why are we still having a"}, {"start": "00:29:44", "end": "00:29:48", "text": "discussion? Why aren't stock markets"}, {"start": "00:29:46", "end": "00:29:50", "text": "open 24/7? I'm not talking about like"}, {"start": "00:29:48", "end": "00:29:52", "text": "futures. Why are these when people in"}, {"start": "00:29:50", "end": "00:29:54", "text": "New York are sleeping, people in Tokyo"}, {"start": "00:29:52", "end": "00:29:57", "text": "are awake? Why isn't the stock market"}, {"start": "00:29:54", "end": "00:29:57", "text": "still going?"}, {"start": "00:29:57", "end": "00:30:05", "text": "Did did we need Coinbase and Binance and"}, {"start": "00:30:02", "end": "00:30:09", "text": "Kraken to become things to show that"}, {"start": "00:30:05", "end": "00:30:13", "text": "something can run 24 hours a day?"}, {"start": "00:30:09", "end": "00:30:15", "text": "I I I I truly"}, {"start": "00:30:13", "end": "00:30:17", "text": "that's okay. I have so many questions"}, {"start": "00:30:15", "end": "00:30:18", "text": "about the world and about the universe."}, {"start": "00:30:17", "end": "00:30:21", "text": "Everything seems like we're moving"}, {"start": "00:30:18", "end": "00:30:24", "text": "forward but also like so far back"}, {"start": "00:30:21", "end": "00:30:27", "text": "nothing logically makes sense anymore."}, {"start": "00:30:24", "end": "00:30:29", "text": "Even the idea of like of of of of"}, {"start": "00:30:27", "end": "00:30:31", "text": "streaming things. Have you ever tried"}, {"start": "00:30:29", "end": "00:30:33", "text": "like whatever country you're in, if you"}, {"start": "00:30:31", "end": "00:30:36", "text": "try and use Netflix or some other like"}, {"start": "00:30:33", "end": "00:30:38", "text": "streaming platform online, you'll"}, {"start": "00:30:36", "end": "00:30:40", "text": "usually get like a region locked thing."}, {"start": "00:30:38", "end": "00:30:42", "text": "If you're in the States and you try and"}, {"start": "00:30:40", "end": "00:30:43", "text": "stream something in Asia cuz you wanted"}, {"start": "00:30:42", "end": "00:30:45", "text": "to watch a movie, it's like, \"Sorry,"}, {"start": "00:30:43", "end": "00:30:47", "text": "you're in the States.\" And it's like,"}, {"start": "00:30:45", "end": "00:30:49", "text": "\"What? Why do I\" And I understand"}, {"start": "00:30:47", "end": "00:30:52", "text": "licensing fees and stuff like that, but"}, {"start": "00:30:49", "end": "00:30:54", "text": "also like, \"No, why isn't it just open?"}, {"start": "00:30:52", "end": "00:30:56", "text": "Why isn't there an option? Okay, I"}, {"start": "00:30:54", "end": "00:30:58", "text": "cannot stream this thing from that"}, {"start": "00:30:56", "end": "00:31:02", "text": "country.\" You know, it would normally"}, {"start": "00:30:58", "end": "00:31:05", "text": "cost $12.99 in Japan to buy. I am"}, {"start": "00:31:02", "end": "00:31:10", "text": "willing to pay $15.99 in the States to"}, {"start": "00:31:05", "end": "00:31:12", "text": "also have access to this thing as well."}, {"start": "00:31:10", "end": "00:31:14", "text": "I don't understand how we keep having"}, {"start": "00:31:12", "end": "00:31:16", "text": "these like roadblocks when it comes to"}, {"start": "00:31:14", "end": "00:31:17", "text": "the internet. The point of the internet"}, {"start": "00:31:16", "end": "00:31:20", "text": "was to make everything open and"}, {"start": "00:31:17", "end": "00:31:24", "text": "accessible to everyone."}, {"start": "00:31:20", "end": "00:31:26", "text": "I don't I don't get it. So,"}, {"start": "00:31:24", "end": "00:31:30", "text": "okie dokie everyone."}, {"start": "00:31:26", "end": "00:31:32", "text": "Well, let's hope for better days. Um,"}, {"start": "00:31:30", "end": "00:31:34", "text": "I do hope that you've all enjoyed in"}, {"start": "00:31:32", "end": "00:31:36", "text": "some sort [laughter] of way. No, I like"}, {"start": "00:31:34", "end": "00:31:39", "text": "I I need to have my files. I need to"}, {"start": "00:31:36", "end": "00:31:40", "text": "have the actual digital things. Like I I"}, {"start": "00:31:39", "end": "00:31:43", "text": "back everything up. I know I sound"}, {"start": "00:31:40", "end": "00:31:45", "text": "insane. I back everything up about five"}, {"start": "00:31:43", "end": "00:31:48", "text": "times so my backups have backups of"}, {"start": "00:31:45", "end": "00:31:50", "text": "backups of backups."}, {"start": "00:31:48", "end": "00:31:52", "text": "It just it's just the only thing that"}, {"start": "00:31:50", "end": "00:31:54", "text": "makes sense."}, {"start": "00:31:52", "end": "00:31:57", "text": "It's like why would you do it any other"}, {"start": "00:31:54", "end": "00:32:01", "text": "way? Why would I trust that a company's"}, {"start": "00:31:57", "end": "00:32:03", "text": "going to be there forever? Even Oh gosh."}, {"start": "00:32:01", "end": "00:32:06", "text": "Okay. Thank you all once again for"}, {"start": "00:32:03", "end": "00:32:10", "text": "watching, listening, liking, commenting,"}, {"start": "00:32:06", "end": "00:32:11", "text": "and supporting uh the the the the"}, {"start": "00:32:10", "end": "00:32:15", "text": "channel. And I [laughter] will most"}, {"start": "00:32:11", "end": "00:32:18", "text": "certainly be talking to you all soon."}, {"start": "00:32:15", "end": "00:32:18", "text": "See"}, {"start": "00:32:20", "end": "00:32:22", "text": "you."}]

[{"start": "00:00:01", "end": "00:00:09", "text": "Hello everybody."}, {"start": "00:00:04", "end": "00:00:11", "text": "Welcome back for another video."}, {"start": "00:00:09", "end": "00:00:14", "text": "Hope you're all doing well. Hope you're"}, {"start": "00:00:11", "end": "00:00:16", "text": "I feel like I'm talking slow, but I"}, {"start": "00:00:14", "end": "00:00:19", "text": "can't quicken myself up. That's a very"}, {"start": "00:00:16", "end": "00:00:21", "text": "odd feeling. Oh boy, that's kind of odd."}, {"start": "00:00:19", "end": "00:00:24", "text": "Hope you're all doing well. Hope you're"}, {"start": "00:00:21", "end": "00:00:27", "text": "all doing absolutely fantastic and that"}, {"start": "00:00:24", "end": "00:00:32", "text": "you're all having a great day. A big"}, {"start": "00:00:27", "end": "00:00:36", "text": "thank you to Livy OC, FT Clown, Lyall,"}, {"start": "00:00:32", "end": "00:00:39", "text": "Austin, Alexander the Greek, Gypsy"}, {"start": "00:00:36", "end": "00:00:41", "text": "Queen, Trent Jackson, Gil, Boa Snake,"}, {"start": "00:00:39", "end": "00:00:44", "text": "and Finley Bass. Very big thank you to"}, {"start": "00:00:41", "end": "00:00:46", "text": "my Patreon supporters. Uh, very big"}, {"start": "00:00:44", "end": "00:00:47", "text": "thank you to everyone who leaves a like"}, {"start": "00:00:46", "end": "00:00:49", "text": "[clears throat]"}, {"start": "00:00:47", "end": "00:00:52", "text": "and to everyone who is a clicker of"}, {"start": "00:00:49", "end": "00:00:56", "text": "affiliate links. Yeah, without any"}, {"start": "00:00:52", "end": "00:00:59", "text": "further ado, let's jump right into it."}, {"start": "00:00:56", "end": "00:01:02", "text": "How's everyone doing? [clears throat]"}, {"start": "00:00:59", "end": "00:01:04", "text": "It's very uh"}, {"start": "00:01:02", "end": "00:01:06", "text": "I don't know. Uh anyway, hello. Welcome"}, {"start": "00:01:04", "end": "00:01:08", "text": "back to the channel. My brain kind of"}, {"start": "00:01:06", "end": "00:01:11", "text": "isn't all there. I told you the last"}, {"start": "00:01:08", "end": "00:01:14", "text": "couple of videos I've been having like"}, {"start": "00:01:11", "end": "00:01:17", "text": "super weird dreams lately."}, {"start": "00:01:14", "end": "00:01:19", "text": "One of my dreams last night is for some"}, {"start": "00:01:17", "end": "00:01:21", "text": "reason I was back in school. I don't"}, {"start": "00:01:19", "end": "00:01:23", "text": "know why I was back in school. That was"}, {"start": "00:01:21", "end": "00:01:26", "text": "that was quite terrible. Uh, but for"}, {"start": "00:01:23", "end": "00:01:30", "text": "some reason I had like I had a pen that"}, {"start": "00:01:26", "end": "00:01:35", "text": "I had to like use for a test, but I put"}, {"start": "00:01:30", "end": "00:01:38", "text": "coffee in the pen to make sure that I"}, {"start": "00:01:35", "end": "00:01:40", "text": "had energy while taking the test. The"}, {"start": "00:01:38", "end": "00:01:43", "text": "teacher found out, [clears throat] but"}, {"start": "00:01:40", "end": "00:01:46", "text": "that transformed into like a book bag"}, {"start": "00:01:43", "end": "00:01:48", "text": "that I was trying to hide. It was just"}, {"start": "00:01:46", "end": "00:01:50", "text": "my my dreams are"}, {"start": "00:01:48", "end": "00:01:53", "text": "intense. [clears throat]"}, {"start": "00:01:50", "end": "00:01:59", "text": "the last few uh weeks and I'm not really"}, {"start": "00:01:53", "end": "00:02:01", "text": "exactly sure why. Anyway, yeah, so the"}, {"start": "00:01:59", "end": "00:02:04", "text": "cryptocurrency market is all over the"}, {"start": "00:02:01", "end": "00:02:06", "text": "place. I had"}, {"start": "00:02:04", "end": "00:02:10", "text": "stupidly assumed that we were in a much"}, {"start": "00:02:06", "end": "00:02:12", "text": "better place uh mentally after"}, {"start": "00:02:10", "end": "00:02:14", "text": "uh you know things were great and all"}, {"start": "00:02:12", "end": "00:02:16", "text": "these companies and institutions and"}, {"start": "00:02:14", "end": "00:02:19", "text": "banks announced their movements into the"}, {"start": "00:02:16", "end": "00:02:21", "text": "crypto market. uh the Clarity Act for"}, {"start": "00:02:19", "end": "00:02:24", "text": "whatever reason"}, {"start": "00:02:21", "end": "00:02:28", "text": "uh was like a huge"}, {"start": "00:02:24", "end": "00:02:31", "text": "thing that people leaned on and people"}, {"start": "00:02:28", "end": "00:02:34", "text": "are still acting like we lost something"}, {"start": "00:02:31", "end": "00:02:38", "text": "great that we also never had. Uh the"}, {"start": "00:02:34", "end": "00:02:40", "text": "Fed's actions, if you will, are like"}, {"start": "00:02:38", "end": "00:02:43", "text": "terrifying people because there are, if"}, {"start": "00:02:40", "end": "00:02:46", "text": "you haven't seen, I don't know how often"}, {"start": "00:02:43", "end": "00:02:49", "text": "you read like banking news, uh there are"}, {"start": "00:02:46", "end": "00:02:53", "text": "a lot of banks who are anticipating"}, {"start": "00:02:49", "end": "00:02:54", "text": "uh interest rate hikes throughout"}, {"start": "00:02:53", "end": "00:02:55", "text": "[clears throat]"}, {"start": "00:02:54", "end": "00:02:57", "text": "2027."}, {"start": "00:02:55", "end": "00:02:59", "text": "So, like they're just anticipating much"}, {"start": "00:02:57", "end": "00:03:01", "text": "higher interest rates and they think"}, {"start": "00:02:59", "end": "00:03:03", "text": "that this will be more detrimental to"}, {"start": "00:03:01", "end": "00:03:07", "text": "the the stock market and to the economy"}, {"start": "00:03:03", "end": "00:03:11", "text": "because no one's already hiring and uh"}, {"start": "00:03:07", "end": "00:03:13", "text": "crypto will be fine. I know it's I'm not"}, {"start": "00:03:11", "end": "00:03:16", "text": "here to reassure you. I'm just trying to"}, {"start": "00:03:13", "end": "00:03:20", "text": "tell you like from a logical perspective"}, {"start": "00:03:16", "end": "00:03:23", "text": "the way that crypto tends to uh work. we"}, {"start": "00:03:20", "end": "00:03:26", "text": "are based off of the idea that the"}, {"start": "00:03:23", "end": "00:03:28", "text": "dollar is like not doing well and will"}, {"start": "00:03:26", "end": "00:03:31", "text": "continue to not do so. [clears throat]"}, {"start": "00:03:28", "end": "00:03:33", "text": "Um, so as inflation will continue and"}, {"start": "00:03:31", "end": "00:03:36", "text": "debt levels will continue to rise like"}, {"start": "00:03:33", "end": "00:03:38", "text": "the crypto market will do fine. But"}, {"start": "00:03:36", "end": "00:03:40", "text": "there's always I don't know I I I I"}, {"start": "00:03:38", "end": "00:03:41", "text": "don't know if people like to be scared."}, {"start": "00:03:40", "end": "00:03:43", "text": "I don't know if people like to be"}, {"start": "00:03:41", "end": "00:03:46", "text": "anxious. That's that's a real thing. I I"}, {"start": "00:03:43", "end": "00:03:48", "text": "I don't know. I think a lot of times"}, {"start": "00:03:46", "end": "00:03:49", "text": "people like drama. people like, you"}, {"start": "00:03:48", "end": "00:03:51", "text": "know, something's off, like like should"}, {"start": "00:03:49", "end": "00:03:55", "text": "we all be afraid? And it's like, no,"}, {"start": "00:03:51", "end": "00:03:57", "text": "cryptos crypto's just doing just fine."}, {"start": "00:03:55", "end": "00:03:59", "text": "Um, so you'll see a lot of the news"}, {"start": "00:03:57", "end": "00:04:04", "text": "today is about like advancements and"}, {"start": "00:03:59", "end": "00:04:07", "text": "moving forward and uh these mega"}, {"start": "00:04:04", "end": "00:04:10", "text": "companies getting into the space, which"}, {"start": "00:04:07", "end": "00:04:12", "text": "I this is a personal thing. I I I think"}, {"start": "00:04:10", "end": "00:04:14", "text": "it's not spoken about enough. There is"}, {"start": "00:04:12", "end": "00:04:17", "text": "such a huge amount of attention"}, {"start": "00:04:14", "end": "00:04:20", "text": "constantly just being paid to where"}, {"start": "00:04:17", "end": "00:04:24", "text": "prices are today, where prices might be"}, {"start": "00:04:20", "end": "00:04:26", "text": "tomorrow, where, you know, like, oh my"}, {"start": "00:04:24", "end": "00:04:28", "text": "gosh, like we didn't get these the this"}, {"start": "00:04:26", "end": "00:04:30", "text": "bunch of paperwork that people said we"}, {"start": "00:04:28", "end": "00:04:31", "text": "were going to get that was going to"}, {"start": "00:04:30", "end": "00:04:33", "text": "bring us into a new era. And it's like"}, {"start": "00:04:31", "end": "00:04:37", "text": "nothing the fundamentals of crypto"}, {"start": "00:04:33", "end": "00:04:37", "text": "didn't change"}, {"start": "00:04:38", "end": "00:04:46", "text": "like nothing. Anyway, so um right today"}, {"start": "00:04:42", "end": "00:04:46", "text": "in the news,"}, {"start": "00:04:46", "end": "00:04:52", "text": "Tom Lee is of course back. He is"}, {"start": "00:04:49", "end": "00:04:53", "text": "officially a brand new uh"}, {"start": "00:04:52", "end": "00:04:55", "text": "[clears throat]"}, {"start": "00:04:53", "end": "00:04:57", "text": "he's a he's a permable,"}, {"start": "00:04:55", "end": "00:05:00", "text": "if you will, for the cryptocurrency"}, {"start": "00:04:57", "end": "00:05:03", "text": "market. He has been quite adamant with a"}, {"start": "00:05:00", "end": "00:05:05", "text": "number of other analysts as of late, in"}, {"start": "00:05:03", "end": "00:05:07", "text": "case you missed it, that the"}, {"start": "00:05:05", "end": "00:05:10", "text": "cryptocurrency market is going to move"}, {"start": "00:05:07", "end": "00:05:13", "text": "much higher. There were,"}, {"start": "00:05:10", "end": "00:05:15", "text": "if you remember, a lot of that was"}, {"start": "00:05:13", "end": "00:05:18", "text": "hinging on the success of the Clarity"}, {"start": "00:05:15", "end": "00:05:20", "text": "Act, but I dare say this out loud in"}, {"start": "00:05:18", "end": "00:05:23", "text": "front of all of you."}, {"start": "00:05:20", "end": "00:05:25", "text": "If the success of Bitcoin, Ethereum, and"}, {"start": "00:05:23", "end": "00:05:28", "text": "XRP"}, {"start": "00:05:25", "end": "00:05:30", "text": "rested so heavily on the success of a"}, {"start": "00:05:28", "end": "00:05:32", "text": "bunch of paperwork,"}, {"start": "00:05:30", "end": "00:05:34", "text": "then Bitcoin, Ethereum, and XRP deserve"}, {"start": "00:05:32", "end": "00:05:36", "text": "to fail. [clears throat]"}, {"start": "00:05:34", "end": "00:05:38", "text": "Now,"}, {"start": "00:05:36", "end": "00:05:40", "text": "all the news that we've been getting"}, {"start": "00:05:38", "end": "00:05:43", "text": "about all these banks and institutions"}, {"start": "00:05:40", "end": "00:05:47", "text": "and companies who are adopting and using"}, {"start": "00:05:43", "end": "00:05:51", "text": "and buying and uh putting things on top"}, {"start": "00:05:47", "end": "00:05:54", "text": "of Ethereum and XRP and Salana, etc.,"}, {"start": "00:05:51", "end": "00:05:58", "text": "etc. That feels like more of a basis for"}, {"start": "00:05:54", "end": "00:06:00", "text": "like the coin surviving and the coin"}, {"start": "00:05:58", "end": "00:06:03", "text": "having a higher a higher price. I"}, {"start": "00:06:00", "end": "00:06:06", "text": "personally, as do many other people, not"}, {"start": "00:06:03", "end": "00:06:11", "text": "really care about paperwork getting done"}, {"start": "00:06:06", "end": "00:06:13", "text": "because you might remember even before"}, {"start": "00:06:11", "end": "00:06:17", "text": "we heard that the Clarity Act was a"}, {"start": "00:06:13", "end": "00:06:19", "text": "thing, the narrative for crypto was that"}, {"start": "00:06:17", "end": "00:06:22", "text": "crypto was going to do well simply"}, {"start": "00:06:19", "end": "00:06:26", "text": "because of the banks and the companies"}, {"start": "00:06:22", "end": "00:06:29", "text": "and the black rockck getting into the"}, {"start": "00:06:26", "end": "00:06:30", "text": "cryptocurrency market. So, as it stands"}, {"start": "00:06:29", "end": "00:06:32", "text": "right now, like I said, a lot of the"}, {"start": "00:06:30", "end": "00:06:35", "text": "price predictions and and overwhelming"}, {"start": "00:06:32", "end": "00:06:38", "text": "optimism were leaning on the idea of"}, {"start": "00:06:35", "end": "00:06:39", "text": "clarity getting passed."}, {"start": "00:06:38", "end": "00:06:43", "text": "However,"}, {"start": "00:06:39", "end": "00:06:45", "text": "we still have over a 100 banks around"}, {"start": "00:06:43", "end": "00:06:47", "text": "the world looking to start offering"}, {"start": "00:06:45", "end": "00:06:49", "text": "crypto services, opening their own"}, {"start": "00:06:47", "end": "00:06:52", "text": "cryptocurrency trading desks,"}, {"start": "00:06:49", "end": "00:06:55", "text": "integrating XRP, Salana, Ethereum,"}, {"start": "00:06:52", "end": "00:06:58", "text": "Polygon, Algarand, Chain Link into their"}, {"start": "00:06:55", "end": "00:07:00", "text": "systems. I think crypto is going to do"}, {"start": "00:06:58", "end": "00:07:02", "text": "just fine, but it will take us a couple"}, {"start": "00:07:00", "end": "00:07:03", "text": "of weeks. If you haven't been here, I"}, {"start": "00:07:02", "end": "00:07:05", "text": "know I keep saying that phrase, it's"}, {"start": "00:07:03", "end": "00:07:07", "text": "because crypto has a very long and"}, {"start": "00:07:05", "end": "00:07:10", "text": "ridiculous history. If you haven't been"}, {"start": "00:07:07", "end": "00:07:13", "text": "here before, it usually takes around two"}, {"start": "00:07:10", "end": "00:07:16", "text": "weeks, a good two weeks for people to"}, {"start": "00:07:13", "end": "00:07:18", "text": "forget the terrible stuff in the long"}, {"start": "00:07:16", "end": "00:07:22", "text": "long ago. So, even when we had the"}, {"start": "00:07:18", "end": "00:07:25", "text": "entire FTX fiasco, about 14 days later,"}, {"start": "00:07:22", "end": "00:07:28", "text": "the market began to recover. The problem"}, {"start": "00:07:25", "end": "00:07:31", "text": "was is that people kept on reporting"}, {"start": "00:07:28", "end": "00:07:32", "text": "over and over and over. Do you remember"}, {"start": "00:07:31", "end": "00:07:34", "text": "there was one thing somebody was like,"}, {"start": "00:07:32", "end": "00:07:36", "text": "\"Oh, Sam Bankman Freed had a peanut"}, {"start": "00:07:34", "end": "00:07:39", "text": "butter sandwich.\" This this this Google"}, {"start": "00:07:36", "end": "00:07:41", "text": "this"}, {"start": "00:07:39", "end": "00:07:43", "text": "was a real thing. People were"}, {"start": "00:07:41", "end": "00:07:47", "text": "perpetually making sure that the"}, {"start": "00:07:43", "end": "00:07:49", "text": "negativity from FTX kept on entering our"}, {"start": "00:07:47", "end": "00:07:51", "text": "market so that we could constantly be"}, {"start": "00:07:49", "end": "00:07:52", "text": "afraid."}, {"start": "00:07:51", "end": "00:07:56", "text": "When was the last time you heard someone"}, {"start": "00:07:52", "end": "00:07:56", "text": "say Mount Gaus?"}, {"start": "00:07:56", "end": "00:08:01", "text": "Yeah. Yeah. Yeah. Yeah. Yeah. Yeah."}, {"start": "00:07:59", "end": "00:08:02", "text": "That's what I'm talking about. We We"}, {"start": "00:08:01", "end": "00:08:05", "text": "were hearing every three or four months"}, {"start": "00:08:02", "end": "00:08:08", "text": "before that Mount Gaus was going to"}, {"start": "00:08:05", "end": "00:08:10", "text": "crash the crypto market. Mount Gaus"}, {"start": "00:08:08", "end": "00:08:12", "text": "giving all of their Bitcoin back to the"}, {"start": "00:08:10", "end": "00:08:15", "text": "people who were owed it was going to"}, {"start": "00:08:12", "end": "00:08:17", "text": "cause Bitcoin to fall to $5,000."}, {"start": "00:08:15", "end": "00:08:20", "text": "Was it last year or the year before?"}, {"start": "00:08:17", "end": "00:08:22", "text": "people started to get repaid the Bitcoin"}, {"start": "00:08:20", "end": "00:08:25", "text": "that they were owed because it was"}, {"start": "00:08:22", "end": "00:08:28", "text": "theirs."}, {"start": "00:08:25", "end": "00:08:30", "text": "Is is Bitcoin at $5,000?"}, {"start": "00:08:28", "end": "00:08:33", "text": "Has the cryptocurrency market completely"}, {"start": "00:08:30", "end": "00:08:36", "text": "collapsed? Do you remember why"}, {"start": "00:08:33", "end": "00:08:38", "text": "the news was a number of the people who"}, {"start": "00:08:36", "end": "00:08:42", "text": "were going to get their crypto back?"}, {"start": "00:08:38", "end": "00:08:44", "text": "They said that they had already been uh"}, {"start": "00:08:42", "end": "00:08:46", "text": "contacted by very wealthy individuals"}, {"start": "00:08:44", "end": "00:08:49", "text": "andor banks and the banks and the"}, {"start": "00:08:46", "end": "00:08:52", "text": "individuals said you're going to receive"}, {"start": "00:08:49", "end": "00:08:54", "text": "back 5,000 Bitcoin. If you at any point"}, {"start": "00:08:52", "end": "00:08:56", "text": "plan on selling that, can you sell it to"}, {"start": "00:08:54", "end": "00:08:59", "text": "us and we'll give you like a premium on"}, {"start": "00:08:56", "end": "00:09:04", "text": "top of what you plan on selling it for?"}, {"start": "00:08:59", "end": "00:09:04", "text": "So those coins never entered the market."}, {"start": "00:09:04", "end": "00:09:08", "text": "There's always this weird thing in"}, {"start": "00:09:06", "end": "00:09:10", "text": "crypto where people are desperately"}, {"start": "00:09:08", "end": "00:09:12", "text": "trying to make sure that people are"}, {"start": "00:09:10", "end": "00:09:14", "text": "scared all the time when there's and I"}, {"start": "00:09:12", "end": "00:09:16", "text": "say this nicely while crossing my"}, {"start": "00:09:14", "end": "00:09:19", "text": "fingers there. There's nothing to be"}, {"start": "00:09:16", "end": "00:09:21", "text": "scared of. The crypto fundamentals"}, {"start": "00:09:19", "end": "00:09:23", "text": "haven't changed because a bunch of"}, {"start": "00:09:21", "end": "00:09:25", "text": "paperwork wasn't signed in the United"}, {"start": "00:09:23", "end": "00:09:27", "text": "States doesn't stop crypto adoption in"}, {"start": "00:09:25", "end": "00:09:29", "text": "Canada. Doesn't stop it in Mexico."}, {"start": "00:09:27", "end": "00:09:30", "text": "doesn't stop all the news we were"}, {"start": "00:09:29", "end": "00:09:33", "text": "getting about the International Monetary"}, {"start": "00:09:30", "end": "00:09:35", "text": "Fund being really annoyed about the"}, {"start": "00:09:33", "end": "00:09:38", "text": "levels of crypto adoption in Latin"}, {"start": "00:09:35", "end": "00:09:40", "text": "America. The Clarity Act didn't stop"}, {"start": "00:09:38", "end": "00:09:42", "text": "rules and regulations in Europe. People"}, {"start": "00:09:40", "end": "00:09:46", "text": "still buying it, people are mining it"}, {"start": "00:09:42", "end": "00:09:48", "text": "across Asia, the adoption in Africa."}, {"start": "00:09:46", "end": "00:09:50", "text": "We're always told to focus at one point"}, {"start": "00:09:48", "end": "00:09:52", "text": "on the wall and either be really happy"}, {"start": "00:09:50", "end": "00:09:55", "text": "looking at that at that point or be"}, {"start": "00:09:52", "end": "00:09:58", "text": "really scared of it. Crypto will be just"}, {"start": "00:09:55", "end": "00:10:00", "text": "fine. the the the the levels of adoption"}, {"start": "00:09:58", "end": "00:10:02", "text": "that we've seen have been fundamentally"}, {"start": "00:10:00", "end": "00:10:04", "text": "gamechanging and they're not going to"}, {"start": "00:10:02", "end": "00:10:05", "text": "slow down. These companies are not going"}, {"start": "00:10:04", "end": "00:10:08", "text": "to stop buying crypto. They're not going"}, {"start": "00:10:05", "end": "00:10:12", "text": "to stop integrating it."}, {"start": "00:10:08", "end": "00:10:16", "text": "Tom Lee, chairman of Bitine, a company"}, {"start": "00:10:12", "end": "00:10:18", "text": "that accumulates Ethereum,"}, {"start": "00:10:16", "end": "00:10:21", "text": "said he expects the cryptocurrency"}, {"start": "00:10:18", "end": "00:10:25", "text": "market to show a very strong outlook"}, {"start": "00:10:21", "end": "00:10:29", "text": "over the next 12 months. Lee stated that"}, {"start": "00:10:25", "end": "00:10:31", "text": "current market conditions are bullish."}, {"start": "00:10:29", "end": "00:10:34", "text": "Lee stated that a significant portion of"}, {"start": "00:10:31", "end": "00:10:35", "text": "the excessively leveraged positions"}, {"start": "00:10:34", "end": "00:10:39", "text": "previously formed in the crypto market"}, {"start": "00:10:35", "end": "00:10:41", "text": "were liquidated in October of last year,"}, {"start": "00:10:39", "end": "00:10:43", "text": "arguing that the market has become"}, {"start": "00:10:41", "end": "00:10:47", "text": "healthier after the levels the removals"}, {"start": "00:10:43", "end": "00:10:48", "text": "of those excessive leverage levels. Lee"}, {"start": "00:10:47", "end": "00:10:52", "text": "believes this could support price"}, {"start": "00:10:48", "end": "00:10:54", "text": "movements in the coming period. No one"}, {"start": "00:10:52", "end": "00:10:56", "text": "has become like pessimistic on the"}, {"start": "00:10:54", "end": "00:10:58", "text": "crypto market. I need to tell you all"}, {"start": "00:10:56", "end": "00:11:00", "text": "these things because I know you're"}, {"start": "00:10:58", "end": "00:11:02", "text": "getting crypto information from other"}, {"start": "00:11:00", "end": "00:11:04", "text": "places and there are so many people who"}, {"start": "00:11:02", "end": "00:11:05", "text": "are constantly trying to rile you up or"}, {"start": "00:11:04", "end": "00:11:07", "text": "make you scared or make you, you know,"}, {"start": "00:11:05", "end": "00:11:10", "text": "like think that something nothing's"}, {"start": "00:11:07", "end": "00:11:13", "text": "wrong. Everything's totally fine. If the"}, {"start": "00:11:10", "end": "00:11:16", "text": "Fed continues raising interest rates,"}, {"start": "00:11:13", "end": "00:11:18", "text": "it's because it means like there's a"}, {"start": "00:11:16", "end": "00:11:21", "text": "problem with the US dollar."}, {"start": "00:11:18", "end": "00:11:23", "text": "Raising interest rates doesn't mean that"}, {"start": "00:11:21", "end": "00:11:25", "text": "something's wrong with crypto. It means"}, {"start": "00:11:23", "end": "00:11:28", "text": "that something is wrong with the state"}, {"start": "00:11:25", "end": "00:11:30", "text": "of fiat. They're trying to get it under"}, {"start": "00:11:28", "end": "00:11:32", "text": "control by raising interest rates so"}, {"start": "00:11:30", "end": "00:11:36", "text": "that people take out less debt because"}, {"start": "00:11:32", "end": "00:11:37", "text": "the debt levels already at $40 trillion."}, {"start": "00:11:36", "end": "00:11:39", "text": "Crypto is going to do just fine. And"}, {"start": "00:11:37", "end": "00:11:40", "text": "what it's it's difficult to try and it's"}, {"start": "00:11:39", "end": "00:11:42", "text": "kind of like if you're going through"}, {"start": "00:11:40", "end": "00:11:45", "text": "something in life and someone has"}, {"start": "00:11:42", "end": "00:11:47", "text": "already like gone through a similar"}, {"start": "00:11:45", "end": "00:11:49", "text": "instance of that thing and they try to"}, {"start": "00:11:47", "end": "00:11:51", "text": "console you and like you like you get"}, {"start": "00:11:49", "end": "00:11:53", "text": "you're just annoyed in that moment like"}, {"start": "00:11:51", "end": "00:11:55", "text": "you can't figure out what's going on."}, {"start": "00:11:53", "end": "00:11:57", "text": "It's the same kind of thing. I've been"}, {"start": "00:11:55", "end": "00:11:59", "text": "through this so many times. I've seen"}, {"start": "00:11:57", "end": "00:12:01", "text": "all the negative news. I've seen all the"}, {"start": "00:11:59", "end": "00:12:02", "text": "drama. I've seen everyone talk about"}, {"start": "00:12:01", "end": "00:12:05", "text": "something. There's always something that"}, {"start": "00:12:02", "end": "00:12:07", "text": "crypto needs to survive. There's always"}, {"start": "00:12:05", "end": "00:12:08", "text": "something that's going to happen that's"}, {"start": "00:12:07", "end": "00:12:10", "text": "going to crush crypto. At the beginning"}, {"start": "00:12:08", "end": "00:12:13", "text": "of the year, we heard about the entire"}, {"start": "00:12:10", "end": "00:12:15", "text": "thing with uh with with quantum"}, {"start": "00:12:13", "end": "00:12:17", "text": "computing."}, {"start": "00:12:15", "end": "00:12:18", "text": "There's this crazy thing going on where"}, {"start": "00:12:17", "end": "00:12:20", "text": "everyone's like, \"Oh my gosh, like"}, {"start": "00:12:18", "end": "00:12:23", "text": "quantum computers are going to destroy"}, {"start": "00:12:20", "end": "00:12:25", "text": "the the you know, crypto and blockchain."}, {"start": "00:12:23", "end": "00:12:26", "text": "We've known that could be a possibility"}, {"start": "00:12:25", "end": "00:12:30", "text": "for years. People are already working on"}, {"start": "00:12:26", "end": "00:12:33", "text": "it.\" And even crazier"}, {"start": "00:12:30", "end": "00:12:36", "text": "since February to the beginning of"}, {"start": "00:12:33", "end": "00:12:38", "text": "September, if you weren't here, Cardano"}, {"start": "00:12:36", "end": "00:12:41", "text": "is already working on it. XRP is going"}, {"start": "00:12:38", "end": "00:12:43", "text": "to be quantum proof by 2028. Ethereum is"}, {"start": "00:12:41", "end": "00:12:45", "text": "planning on quantum proofing their"}, {"start": "00:12:43", "end": "00:12:48", "text": "systems by 2029. And Bitcoin, I think,"}, {"start": "00:12:45", "end": "00:12:50", "text": "is also 2028 as well. So, where's the"}, {"start": "00:12:48", "end": "00:12:51", "text": "where's the scary news? What are we"}, {"start": "00:12:50", "end": "00:12:53", "text": "supposed to be afraid of now? Like,"}, {"start": "00:12:51", "end": "00:12:55", "text": "what's the next big thing that we're"}, {"start": "00:12:53", "end": "00:12:57", "text": "supposed to be terrified of? All the"}, {"start": "00:12:55", "end": "00:12:59", "text": "news that we keep getting are insanely"}, {"start": "00:12:57", "end": "00:13:02", "text": "high price predictions, people buying"}, {"start": "00:12:59", "end": "00:13:03", "text": "crypto, banks buying crypto, governments"}, {"start": "00:13:02", "end": "00:13:06", "text": "buying crypto, more cryptocurrency"}, {"start": "00:13:03", "end": "00:13:08", "text": "adoption. I'm actually kind of relieved"}, {"start": "00:13:06", "end": "00:13:11", "text": "that the Clarity Act and interest rate"}, {"start": "00:13:08", "end": "00:13:13", "text": "news is like done, at least for now, so"}, {"start": "00:13:11", "end": "00:13:14", "text": "that we can actually move on so that we"}, {"start": "00:13:13", "end": "00:13:18", "text": "can start getting news about actual"}, {"start": "00:13:14", "end": "00:13:19", "text": "adoption and like people can realize"}, {"start": "00:13:18", "end": "00:13:22", "text": "that the supply shock is still"}, {"start": "00:13:19", "end": "00:13:22", "text": "happening."}, {"start": "00:13:22", "end": "00:13:28", "text": "multiple five companies, five or six"}, {"start": "00:13:25", "end": "00:13:33", "text": "companies still purchased two million"}, {"start": "00:13:28", "end": "00:13:35", "text": "Bitcoin. Two million Bitcoin in two"}, {"start": "00:13:33", "end": "00:13:37", "text": "years. That didn't that didn't change."}, {"start": "00:13:35", "end": "00:13:39", "text": "And they're also still buying up more as"}, {"start": "00:13:37", "end": "00:13:43", "text": "well."}, {"start": "00:13:39", "end": "00:13:45", "text": "Anyway, that's the um Tom Lee news. This"}, {"start": "00:13:43", "end": "00:13:47", "text": "guy's in the news every single day. But"}, {"start": "00:13:45", "end": "00:13:50", "text": "I mean, you know,"}, {"start": "00:13:47", "end": "00:13:52", "text": "if if I had"}, {"start": "00:13:50", "end": "00:13:54", "text": "700 million Ethereum, I'd probably be"}, {"start": "00:13:52", "end": "00:13:58", "text": "doing the exact same thing if I can be"}, {"start": "00:13:54", "end": "00:14:01", "text": "completely honest. Okie dokie."}, {"start": "00:13:58", "end": "00:14:04", "text": "Let's move on."}, {"start": "00:14:01", "end": "00:14:09", "text": "Also, in Yeah. So, for those of you who"}, {"start": "00:14:04", "end": "00:14:12", "text": "forgot, uh, banks are buying crypto."}, {"start": "00:14:09", "end": "00:14:15", "text": "In in in case you forgot the last 8"}, {"start": "00:14:12", "end": "00:14:17", "text": "seconds, banks around the world own"}, {"start": "00:14:15", "end": "00:14:21", "text": "cryptocurrencies."}, {"start": "00:14:17", "end": "00:14:25", "text": "For those of you who missed that again,"}, {"start": "00:14:21", "end": "00:14:29", "text": "banks are not buying the funds and bonds"}, {"start": "00:14:25", "end": "00:14:32", "text": "and notes from other places. They're"}, {"start": "00:14:29", "end": "00:14:32", "text": "buying cryptocurrencies."}, {"start": "00:14:33", "end": "00:14:37", "text": "When you talk about why I'm such a I"}, {"start": "00:14:36", "end": "00:14:40", "text": "can't even use the word believe here."}, {"start": "00:14:37", "end": "00:14:43", "text": "Why I'm such a huge understander of of"}, {"start": "00:14:40", "end": "00:14:46", "text": "why crypto is going to succeed."}, {"start": "00:14:43", "end": "00:14:51", "text": "It's because governments"}, {"start": "00:14:46", "end": "00:14:54", "text": "are buying up crypto. Governments"}, {"start": "00:14:51", "end": "00:14:59", "text": "are mining Bitcoin. The world's largest"}, {"start": "00:14:54", "end": "00:15:03", "text": "banks on the planet have openly told us"}, {"start": "00:14:59", "end": "00:15:05", "text": "that they are buying, holding, and"}, {"start": "00:15:03", "end": "00:15:08", "text": "mining crypto. They're creating"}, {"start": "00:15:05", "end": "00:15:10", "text": "cryptocurrency custody services. They're"}, {"start": "00:15:08", "end": "00:15:15", "text": "the largest banks on the planet are also"}, {"start": "00:15:10", "end": "00:15:18", "text": "creating cryptocurrency trading desks."}, {"start": "00:15:15", "end": "00:15:22", "text": "It's clear as day what's going to"}, {"start": "00:15:18", "end": "00:15:24", "text": "happen. I mean, it is a like it's like"}, {"start": "00:15:22", "end": "00:15:26", "text": "just looking through the clearest,"}, {"start": "00:15:24", "end": "00:15:30", "text": "cleanest glass you've ever seen in your"}, {"start": "00:15:26", "end": "00:15:30", "text": "entire life."}, {"start": "00:15:30", "end": "00:15:38", "text": "Germany's largest bank, the Deutsche"}, {"start": "00:15:33", "end": "00:15:40", "text": "Bank, is awaiting regulatory approval to"}, {"start": "00:15:38", "end": "00:15:42", "text": "launch digital asset custody solutions"}, {"start": "00:15:40", "end": "00:15:45", "text": "for institutional clients and"}, {"start": "00:15:42", "end": "00:15:48", "text": "corporations in Europe. Why would the"}, {"start": "00:15:45", "end": "00:15:53", "text": "largest bank in Germany be looking for a"}, {"start": "00:15:48", "end": "00:15:54", "text": "way to custody crypto for their clients?"}, {"start": "00:15:53", "end": "00:15:59", "text": "For those of you who also are unaware of"}, {"start": "00:15:54", "end": "00:16:02", "text": "how it works, banks always, always"}, {"start": "00:15:59", "end": "00:16:04", "text": "do institutional clients first. Always."}, {"start": "00:16:02", "end": "00:16:06", "text": "This isn't a sometimes. And then they"}, {"start": "00:16:04", "end": "00:16:08", "text": "roll it out to everyone else. You know,"}, {"start": "00:16:06", "end": "00:16:10", "text": "the rich people always get the gigantic"}, {"start": "00:16:08", "end": "00:16:12", "text": "red carpet before the rest of us, but"}, {"start": "00:16:10", "end": "00:16:14", "text": "that's how things work with these"}, {"start": "00:16:12", "end": "00:16:16", "text": "institutions. Doesn't it seem a bit"}, {"start": "00:16:14", "end": "00:16:18", "text": "weird"}, {"start": "00:16:16", "end": "00:16:19", "text": "that Black Rockck, even if you missed"}, {"start": "00:16:18", "end": "00:16:22", "text": "the news, what was it a day or two ago?"}, {"start": "00:16:19", "end": "00:16:26", "text": "Black Rockck purchased I think a billion"}, {"start": "00:16:22", "end": "00:16:26", "text": "Bitcoin in four days."}, {"start": "00:16:26", "end": "00:16:33", "text": "It's so so when I talk I have to talk in"}, {"start": "00:16:30", "end": "00:16:38", "text": "in conditional"}, {"start": "00:16:33", "end": "00:16:40", "text": "like it's I cannot say ever"}, {"start": "00:16:38", "end": "00:16:43", "text": "when I'm talking to you about crypto"}, {"start": "00:16:40", "end": "00:16:46", "text": "like what is going to happen it always"}, {"start": "00:16:43", "end": "00:16:49", "text": "has to be could should maybe just"}, {"start": "00:16:46", "end": "00:16:53", "text": "because a I don't know the future and b"}, {"start": "00:16:49", "end": "00:16:55", "text": "I cannot talk in definites because of"}, {"start": "00:16:53", "end": "00:16:58", "text": "life"}, {"start": "00:16:55", "end": "00:17:00", "text": "Have you noticed that all the banks"}, {"start": "00:16:58", "end": "00:17:04", "text": "around the world are trying to do the"}, {"start": "00:17:00", "end": "00:17:07", "text": "exact same thing? Coupled with the news"}, {"start": "00:17:04", "end": "00:17:09", "text": "of insanely high debt levels. I listen"}, {"start": "00:17:07", "end": "00:17:11", "text": "right before this I I'm I'm not going to"}, {"start": "00:17:09", "end": "00:17:13", "text": "lie to you. I was sitting here I I was"}, {"start": "00:17:11", "end": "00:17:15", "text": "on Instagram, not going to lie, and I"}, {"start": "00:17:13", "end": "00:17:17", "text": "was scrolling on the reels and this"}, {"start": "00:17:15", "end": "00:17:19", "text": "video popped up. It was this guy"}, {"start": "00:17:17", "end": "00:17:23", "text": "chatting to this woman and they it was"}, {"start": "00:17:19", "end": "00:17:24", "text": "like a podcast kind of setup and he was"}, {"start": "00:17:23", "end": "00:17:27", "text": "like"}, {"start": "00:17:24", "end": "00:17:30", "text": "analysts are now predicting that like if"}, {"start": "00:17:27", "end": "00:17:32", "text": "inflation continues where it currently"}, {"start": "00:17:30", "end": "00:17:34", "text": "is right now"}, {"start": "00:17:32", "end": "00:17:36", "text": "like if we get these same inflation"}, {"start": "00:17:34", "end": "00:17:38", "text": "levels"}, {"start": "00:17:36", "end": "00:17:40", "text": "by the year 206 they were going over"}, {"start": "00:17:38", "end": "00:17:43", "text": "prices"}, {"start": "00:17:40", "end": "00:17:46", "text": "and he was like once again this isn't"}, {"start": "00:17:43", "end": "00:17:49", "text": "like if inflation like goes up from four"}, {"start": "00:17:46", "end": "00:17:52", "text": "to five to six to seven to eight like"}, {"start": "00:17:49", "end": "00:17:53", "text": "year on year if it stays the same now."}, {"start": "00:17:52", "end": "00:17:55", "text": "[clears throat] And he was asking her,"}, {"start": "00:17:53", "end": "00:17:58", "text": "he's like, \"How much do you think rent"}, {"start": "00:17:55", "end": "00:18:00", "text": "for a onebedroom is going to be?\" He was"}, {"start": "00:17:58", "end": "00:18:04", "text": "like, \"For reference, on average, it's"}, {"start": "00:18:00", "end": "00:18:05", "text": "around like 1,500 1,800 right now across"}, {"start": "00:18:04", "end": "00:18:06", "text": "the US. The average, we're not talking"}, {"start": "00:18:05", "end": "00:18:11", "text": "about New York, we're not talking about"}, {"start": "00:18:06", "end": "00:18:13", "text": "Miami or LA. It so it's around 16,700"}, {"start": "00:18:11", "end": "00:18:15", "text": "for like rent.\" Now, he was like, \"An"}, {"start": "00:18:13", "end": "00:18:20", "text": "average one-bedroom in the in the in the"}, {"start": "00:18:15", "end": "00:18:20", "text": "2050s will be $7,000.\""}, {"start": "00:18:21", "end": "00:18:24", "text": "He was asking her, he said, \"What do you"}, {"start": "00:18:22", "end": "00:18:26", "text": "think the average price for a car is"}, {"start": "00:18:24", "end": "00:18:28", "text": "right now?\" The answer was I think"}, {"start": "00:18:26", "end": "00:18:30", "text": "around like $40,000 for the average car"}, {"start": "00:18:28", "end": "00:18:33", "text": "that's being bought in the United which"}, {"start": "00:18:30", "end": "00:18:37", "text": "which is already I I remember I remember"}, {"start": "00:18:33", "end": "00:18:40", "text": "watching commercials of cars being like"}, {"start": "00:18:37", "end": "00:18:41", "text": "18,000"}, {"start": "00:18:40", "end": "00:18:44", "text": "21,000"}, {"start": "00:18:41", "end": "00:18:46", "text": "and he was like like it's around like"}, {"start": "00:18:44", "end": "00:18:47", "text": "40,000 something"}, {"start": "00:18:46", "end": "00:18:51", "text": "40,000."}, {"start": "00:18:47", "end": "00:18:53", "text": "He said by the 2050s if we get the same"}, {"start": "00:18:51", "end": "00:18:58", "text": "level of inflation,"}, {"start": "00:18:53", "end": "00:19:01", "text": "he said cars on average will be"}, {"start": "00:18:58", "end": "00:19:01", "text": "$131,000."}, {"start": "00:19:03", "end": "00:19:08", "text": "Like my jaw dropped to the floor. Like"}, {"start": "00:19:05", "end": "00:19:10", "text": "dropped d to to the floor. He was going"}, {"start": "00:19:08", "end": "00:19:13", "text": "over all these different numbers and she"}, {"start": "00:19:10", "end": "00:19:15", "text": "was like that sounds terrifying."}, {"start": "00:19:13", "end": "00:19:18", "text": "If the public is getting those kinds of"}, {"start": "00:19:15", "end": "00:19:21", "text": "numbers and that kind of information,"}, {"start": "00:19:18", "end": "00:19:24", "text": "my mind always sits here and I'm like,"}, {"start": "00:19:21", "end": "00:19:26", "text": "there's a reason why the largest bank in"}, {"start": "00:19:24", "end": "00:19:30", "text": "Germany is [snorts] trying to get"}, {"start": "00:19:26", "end": "00:19:32", "text": "approval to hold crypto."}, {"start": "00:19:30", "end": "00:19:34", "text": "There's a reason why Black Rockck is"}, {"start": "00:19:32", "end": "00:19:37", "text": "accumulating a billion dollars worth of"}, {"start": "00:19:34", "end": "00:19:39", "text": "Bitcoin in less than a week. There's a"}, {"start": "00:19:37", "end": "00:19:42", "text": "reason why we keep hearing that all"}, {"start": "00:19:39", "end": "00:19:43", "text": "these countries are quietly accumulating"}, {"start": "00:19:42", "end": "00:19:45", "text": "cryptocurrencies. Why do they want all"}, {"start": "00:19:43", "end": "00:19:47", "text": "the crypto? What could possibly be wrong"}, {"start": "00:19:45", "end": "00:19:48", "text": "with the system? Is there something"}, {"start": "00:19:47", "end": "00:19:52", "text": "wrong with fiat currencies? What what"}, {"start": "00:19:48", "end": "00:19:54", "text": "are we missing? That's why I always and"}, {"start": "00:19:52", "end": "00:19:56", "text": "once again to to each their own. May you"}, {"start": "00:19:54", "end": "00:19:58", "text": "have the the the best life you you"}, {"start": "00:19:56", "end": "00:20:01", "text": "choose. A lot of times when I go on"}, {"start": "00:19:58", "end": "00:20:03", "text": "Twitter and I see people trying to hype"}, {"start": "00:20:01", "end": "00:20:05", "text": "up Dogecoin"}, {"start": "00:20:03", "end": "00:20:08", "text": "and all these other things that no one's"}, {"start": "00:20:05", "end": "00:20:13", "text": "using and I'm like, they're telling us"}, {"start": "00:20:08", "end": "00:20:18", "text": "openly what they're using. Remember"}, {"start": "00:20:13", "end": "00:20:20", "text": "in spring of 2026 when we heard Visa and"}, {"start": "00:20:18", "end": "00:20:22", "text": "Mastercard"}, {"start": "00:20:20", "end": "00:20:23", "text": "o this is you can Google this for"}, {"start": "00:20:22", "end": "00:20:28", "text": "yourself"}, {"start": "00:20:23", "end": "00:20:31", "text": "Visa and Mastercard openly told us we"}, {"start": "00:20:28", "end": "00:20:34", "text": "are using XRP we're using Ethereum we're"}, {"start": "00:20:31", "end": "00:20:36", "text": "using Polygon Salana and I think some"}, {"start": "00:20:34", "end": "00:20:39", "text": "other fifth coin and I remember being"}, {"start": "00:20:36", "end": "00:20:41", "text": "like"}, {"start": "00:20:39", "end": "00:20:43", "text": "breathing out this is the moment This is"}, {"start": "00:20:41", "end": "00:20:46", "text": "the moment that like everyone will come"}, {"start": "00:20:43", "end": "00:20:48", "text": "to realize that the same coins keep"}, {"start": "00:20:46", "end": "00:20:50", "text": "getting you know repeated over and over."}, {"start": "00:20:48", "end": "00:20:52", "text": "This is where all the big money is"}, {"start": "00:20:50", "end": "00:20:56", "text": "flowing to."}, {"start": "00:20:52", "end": "00:20:59", "text": "But alas, here we are. Deutsche Bank"}, {"start": "00:20:56", "end": "00:21:02", "text": "plans to go live with the offering for"}, {"start": "00:20:59", "end": "00:21:06", "text": "its first clients this year"}, {"start": "00:21:02", "end": "00:21:08", "text": "subject to completion of the applicable"}, {"start": "00:21:06", "end": "00:21:10", "text": "regulatory timeline the bank announced"}, {"start": "00:21:08", "end": "00:21:12", "text": "on Wednesday."}, {"start": "00:21:10", "end": "00:21:16", "text": "Here we go, guys. The bank is planning"}, {"start": "00:21:12", "end": "00:21:19", "text": "to offer initial support for Bitcoin and"}, {"start": "00:21:16", "end": "00:21:22", "text": "Ethereum,"}, {"start": "00:21:19", "end": "00:21:24", "text": "as well as Circle Coin, the Euro"}, {"start": "00:21:22", "end": "00:21:26", "text": "stablecoin, EURC,"}, {"start": "00:21:24", "end": "00:21:30", "text": "and something called I've never heard of"}, {"start": "00:21:26", "end": "00:21:34", "text": "this in my life, called All Unity, EUR."}, {"start": "00:21:30", "end": "00:21:37", "text": "That sounds dystopian. All unity or like"}, {"start": "00:21:34", "end": "00:21:39", "text": "a like a Voltron move. I I'm not really"}, {"start": "00:21:37", "end": "00:21:42", "text": "sure. It also plans to include support"}, {"start": "00:21:39", "end": "00:21:45", "text": "for tokenized financial instruments at a"}, {"start": "00:21:42", "end": "00:21:48", "text": "later point."}, {"start": "00:21:45", "end": "00:21:49", "text": "The largest bank in Germany has"}, {"start": "00:21:48", "end": "00:21:52", "text": "announced they're going to have initial"}, {"start": "00:21:49", "end": "00:21:55", "text": "support for Bitcoin and Ethereum, a few"}, {"start": "00:21:52", "end": "00:21:57", "text": "stable coins, and that they're also"}, {"start": "00:21:55", "end": "00:21:59", "text": "going to have tokenized financial"}, {"start": "00:21:57", "end": "00:22:00", "text": "instruments on their platform as well."}, {"start": "00:21:59", "end": "00:22:02", "text": "Which means through Deutsche Bank, you"}, {"start": "00:22:00", "end": "00:22:04", "text": "are going to be able to buy"}, {"start": "00:22:02", "end": "00:22:07", "text": "fractionalized real estate,"}, {"start": "00:22:04", "end": "00:22:12", "text": "fractionalized and tokenized stocks and"}, {"start": "00:22:07", "end": "00:22:12", "text": "bonds and other securities."}, {"start": "00:22:14", "end": "00:22:18", "text": "The development marks the German"}, {"start": "00:22:15", "end": "00:22:20", "text": "institution's latest push into crypto,"}, {"start": "00:22:18", "end": "00:22:23", "text": "confirming earlier reports uh that it"}, {"start": "00:22:20", "end": "00:22:26", "text": "was developing crypto custody services."}, {"start": "00:22:23", "end": "00:22:27", "text": "In June, Deutscheang's head of digital"}, {"start": "00:22:26", "end": "00:22:29", "text": "assets revealed that the bank was"}, {"start": "00:22:27", "end": "00:22:34", "text": "considering entering the stable coin"}, {"start": "00:22:29", "end": "00:22:34", "text": "market, including issuing its own token."}, {"start": "00:22:36", "end": "00:22:42", "text": "You personally, like you listening to"}, {"start": "00:22:39", "end": "00:22:46", "text": "this right now, what more do you need to"}, {"start": "00:22:42", "end": "00:22:46", "text": "convince you of crypto's longevity?"}, {"start": "00:22:47", "end": "00:22:51", "text": "Because there there must logically,"}, {"start": "00:22:49", "end": "00:22:53", "text": "mathematically, there's there's some"}, {"start": "00:22:51", "end": "00:22:56", "text": "skeptic still sitting here listening to"}, {"start": "00:22:53", "end": "00:22:58", "text": "this and reading this right now."}, {"start": "00:22:56", "end": "00:23:00", "text": "And and I and I know that part for a"}, {"start": "00:22:58", "end": "00:23:03", "text": "fact because I've gone through life"}, {"start": "00:23:00", "end": "00:23:06", "text": "showing people facts, figures, and"}, {"start": "00:23:03", "end": "00:23:07", "text": "numbers, showing them exactly how things"}, {"start": "00:23:06", "end": "00:23:10", "text": "are and how they work. And they they"}, {"start": "00:23:07", "end": "00:23:11", "text": "will still go, \"But what what if what if"}, {"start": "00:23:10", "end": "00:23:14", "text": "so?\" And I'm like, \"No, no, no, no, no,"}, {"start": "00:23:11", "end": "00:23:17", "text": "no, no. You're not understanding."}, {"start": "00:23:14", "end": "00:23:20", "text": "Look at the thing I just showed you and"}, {"start": "00:23:17", "end": "00:23:22", "text": "read it again.\""}, {"start": "00:23:20", "end": "00:23:27", "text": "Do you remember a couple of weeks ago we"}, {"start": "00:23:22", "end": "00:23:29", "text": "had um the the end of uh Q2 filings? So"}, {"start": "00:23:27", "end": "00:23:32", "text": "if you missed those, the first half of"}, {"start": "00:23:29", "end": "00:23:34", "text": "the year for some reason in August and"}, {"start": "00:23:32", "end": "00:23:36", "text": "early September, there were people who"}, {"start": "00:23:34", "end": "00:23:39", "text": "were looking at SEC filings from the"}, {"start": "00:23:36", "end": "00:23:42", "text": "beginning of the year and they were"}, {"start": "00:23:39", "end": "00:23:44", "text": "showing um no sorry it was H1 filings"}, {"start": "00:23:42", "end": "00:23:46", "text": "the first half of the year, excuse me."}, {"start": "00:23:44", "end": "00:23:48", "text": "And we found out that all these"}, {"start": "00:23:46", "end": "00:23:51", "text": "different banks around the world and the"}, {"start": "00:23:48", "end": "00:23:53", "text": "the one that shown the most was the"}, {"start": "00:23:51", "end": "00:23:55", "text": "National Bank of Canada, I think they"}, {"start": "00:23:53", "end": "00:23:59", "text": "had purchased like another hundred"}, {"start": "00:23:55", "end": "00:23:59", "text": "million dollars worth of Bitcoin."}, {"start": "00:24:00", "end": "00:24:08", "text": "What more proof do you need?"}, {"start": "00:24:05", "end": "00:24:10", "text": "Is it that like really I like this is a"}, {"start": "00:24:08", "end": "00:24:13", "text": "real question. Do you need prices to go"}, {"start": "00:24:10", "end": "00:24:14", "text": "higher for you to kind of lock in and"}, {"start": "00:24:13", "end": "00:24:18", "text": "say like, \"Okay, this is definitely"}, {"start": "00:24:14", "end": "00:24:20", "text": "happening.\" Do you need the people from"}, {"start": "00:24:18", "end": "00:24:24", "text": "Deutsche Bank to stand on stage with"}, {"start": "00:24:20", "end": "00:24:27", "text": "other banks and then declare, \"Hey, we"}, {"start": "00:24:24", "end": "00:24:29", "text": "are going to be doing this. We're buying"}, {"start": "00:24:27", "end": "00:24:31", "text": "up Bitcoin. We're so sorry for not"}, {"start": "00:24:29", "end": "00:24:34", "text": "having told the public before, but this"}, {"start": "00:24:31", "end": "00:24:37", "text": "is like what is it?"}, {"start": "00:24:34", "end": "00:24:40", "text": "I'm I'm not even I'm not even bullish on"}, {"start": "00:24:37", "end": "00:24:43", "text": "crypto. It's just locked in as something"}, {"start": "00:24:40", "end": "00:24:47", "text": "that will be. Nothing tells me that this"}, {"start": "00:24:43", "end": "00:24:50", "text": "space is going to falter. Why are banks"}, {"start": "00:24:47", "end": "00:24:53", "text": "around the world integrating crypto? If"}, {"start": "00:24:50", "end": "00:24:56", "text": "c if if they if they think Bitcoin is"}, {"start": "00:24:53", "end": "00:24:58", "text": "going to fail, crypto is for losers. No"}, {"start": "00:24:56", "end": "00:25:00", "text": "one's using it. Why are all these banks"}, {"start": "00:24:58", "end": "00:25:02", "text": "adding it to their roster? Why are they"}, {"start": "00:25:00", "end": "00:25:05", "text": "all going to be offering cryptocurrency"}, {"start": "00:25:02", "end": "00:25:07", "text": "services? I told you that years ago when"}, {"start": "00:25:05", "end": "00:25:09", "text": "like when we first got got the first"}, {"start": "00:25:07", "end": "00:25:11", "text": "whiff of banks entering the space, I was"}, {"start": "00:25:09", "end": "00:25:12", "text": "like you're going to walk into your bank"}, {"start": "00:25:11", "end": "00:25:14", "text": "in a couple of years and be"}, {"start": "00:25:12", "end": "00:25:15", "text": "flabbergasted because you're going to"}, {"start": "00:25:14", "end": "00:25:17", "text": "like they're they're going to have like"}, {"start": "00:25:15", "end": "00:25:19", "text": "signs like on the wall. You know how"}, {"start": "00:25:17", "end": "00:25:23", "text": "like they have like you know open a bank"}, {"start": "00:25:19", "end": "00:25:25", "text": "account, you get 1.4% APY. Those signs"}, {"start": "00:25:23", "end": "00:25:27", "text": "will be like hey do you own Bitcoin? We"}, {"start": "00:25:25", "end": "00:25:30", "text": "offer Bitcoin spot and we also offer it"}, {"start": "00:25:27", "end": "00:25:32", "text": "through ETF exposure. You're going to"}, {"start": "00:25:30", "end": "00:25:34", "text": "sit there and be like what? How did the"}, {"start": "00:25:32", "end": "00:25:37", "text": "world change? so quick."}, {"start": "00:25:34", "end": "00:25:41", "text": "It's going to happen."}, {"start": "00:25:37", "end": "00:25:44", "text": "Anyway, this is gargantuan news. I saw"}, {"start": "00:25:41", "end": "00:25:46", "text": "very few people, very few people talking"}, {"start": "00:25:44", "end": "00:25:50", "text": "about it. I found very few articles"}, {"start": "00:25:46", "end": "00:25:53", "text": "about the actual thing as well."}, {"start": "00:25:50", "end": "00:25:55", "text": "Crypto's going to succeed."}, {"start": "00:25:53", "end": "00:25:57", "text": "It's just a matter of like how much you"}, {"start": "00:25:55", "end": "00:26:00", "text": "understand that."}, {"start": "00:25:57", "end": "00:26:05", "text": "And I don't, as I always say, I don't"}, {"start": "00:26:00", "end": "00:26:07", "text": "want, please, in the year like 2033,"}, {"start": "00:26:05", "end": "00:26:09", "text": "in the year 2035, I don't want you"}, {"start": "00:26:07", "end": "00:26:11", "text": "looking back and being like, \"Oh, of"}, {"start": "00:26:09", "end": "00:26:14", "text": "course I I should have paid more"}, {"start": "00:26:11", "end": "00:26:16", "text": "attention.\" Like, look at look at prices"}, {"start": "00:26:14", "end": "00:26:17", "text": "now relative to where people are telling"}, {"start": "00:26:16", "end": "00:26:20", "text": "us they're going to be in three and a"}, {"start": "00:26:17", "end": "00:26:23", "text": "half years. It might be time for you to"}, {"start": "00:26:20", "end": "00:26:26", "text": "sit down and have another conversation"}, {"start": "00:26:23", "end": "00:26:28", "text": "with your portfolio because"}, {"start": "00:26:26", "end": "00:26:29", "text": "you know [sighs]"}, {"start": "00:26:28", "end": "00:26:32", "text": "logic."}, {"start": "00:26:29", "end": "00:26:35", "text": "Okie dokie."}, {"start": "00:26:32", "end": "00:26:37", "text": "Let's move on."}, {"start": "00:26:35", "end": "00:26:38", "text": "For those of you not looking at the"}, {"start": "00:26:37", "end": "00:26:41", "text": "screen,"}, {"start": "00:26:38", "end": "00:26:44", "text": "uh we had news a couple of weeks ago"}, {"start": "00:26:41", "end": "00:26:47", "text": "about for out of out of nowhere wink."}, {"start": "00:26:44", "end": "00:26:50", "text": "Um, for some reason, huge amounts of uh"}, {"start": "00:26:47", "end": "00:26:54", "text": "crypto uh were being taken off of crypto"}, {"start": "00:26:50", "end": "00:26:56", "text": "exchanges. For reference, this is always"}, {"start": "00:26:54", "end": "00:26:58", "text": "happening. This is never not happening."}, {"start": "00:26:56", "end": "00:26:59", "text": "Double negative. So, there's always"}, {"start": "00:26:58", "end": "00:27:03", "text": "people taking crypto off of exchanges,"}, {"start": "00:26:59", "end": "00:27:05", "text": "but it tends to be, you know, 10,000 per"}, {"start": "00:27:03", "end": "00:27:07", "text": "day of a coin or 5,000 here, there,"}, {"start": "00:27:05", "end": "00:27:10", "text": "something something like that. We're"}, {"start": "00:27:07", "end": "00:27:14", "text": "getting to the point where the"}, {"start": "00:27:10", "end": "00:27:16", "text": "companies, banks, banks"}, {"start": "00:27:14", "end": "00:27:18", "text": "and governments. We're not even talking"}, {"start": "00:27:16", "end": "00:27:19", "text": "about the institutions. We're not even"}, {"start": "00:27:18", "end": "00:27:22", "text": "talking about individual holders. We're"}, {"start": "00:27:19", "end": "00:27:25", "text": "not even talking about yada yada."}, {"start": "00:27:22", "end": "00:27:29", "text": "They're buying up so much crypto that"}, {"start": "00:27:25", "end": "00:27:29", "text": "there's barely any left on exchanges."}, {"start": "00:27:31", "end": "00:27:39", "text": "So, uh the amount of Ethereum on crypto"}, {"start": "00:27:35", "end": "00:27:41", "text": "exchanges is falling faster than anyone"}, {"start": "00:27:39", "end": "00:27:43", "text": "anticipated."}, {"start": "00:27:41", "end": "00:27:46", "text": "At some point, this is all going to"}, {"start": "00:27:43", "end": "00:27:49", "text": "create a perfect digital storm and we're"}, {"start": "00:27:46", "end": "00:27:51", "text": "going to actually see these gargantuan"}, {"start": "00:27:49", "end": "00:27:53", "text": "prices and it's going to shock the"}, {"start": "00:27:51", "end": "00:27:55", "text": "living heck out of everyone. I'm going"}, {"start": "00:27:53", "end": "00:27:57", "text": "to give you some numbers and you're"}, {"start": "00:27:55", "end": "00:27:59", "text": "going to be like, \"Whoa, okay, that's"}, {"start": "00:27:57", "end": "00:28:02", "text": "kind of crazy.\""}, {"start": "00:27:59", "end": "00:28:05", "text": "Ethereum's exchange supply, the amount"}, {"start": "00:28:02", "end": "00:28:08", "text": "of Ethereum on exchanges"}, {"start": "00:28:05", "end": "00:28:13", "text": "has fallen sharply over time."}, {"start": "00:28:08", "end": "00:28:16", "text": "There are now only There are now only"}, {"start": "00:28:13", "end": "00:28:19", "text": "6.06"}, {"start": "00:28:16", "end": "00:28:22", "text": "million Ethereum on crypto exchanges"}, {"start": "00:28:19", "end": "00:28:27", "text": "compared with 22.9"}, {"start": "00:28:22", "end": "00:28:31", "text": "million Ethereum in June 2020."}, {"start": "00:28:27", "end": "00:28:34", "text": "What sounds significant there for you?"}, {"start": "00:28:31", "end": "00:28:38", "text": "For those of you who do not know, you"}, {"start": "00:28:34", "end": "00:28:41", "text": "know how there are only ever going to be"}, {"start": "00:28:38", "end": "00:28:44", "text": "21 million Bitcoin. Got it. Uh we are"}, {"start": "00:28:41", "end": "00:28:47", "text": "over 20 million Bitcoin that have been"}, {"start": "00:28:44", "end": "00:28:49", "text": "mined. Terrifying. Uh there's also four"}, {"start": "00:28:47", "end": "00:28:53", "text": "to six million Bitcoin lost and gone"}, {"start": "00:28:49", "end": "00:28:56", "text": "forever. I can't Wow. Amazing. There's"}, {"start": "00:28:53", "end": "00:28:58", "text": "around 1 to two million Bitcoin on"}, {"start": "00:28:56", "end": "00:29:00", "text": "crypto exchanges. and I give you the 1"}, {"start": "00:28:58", "end": "00:29:03", "text": "to 2 million"}, {"start": "00:29:00", "end": "00:29:04", "text": "as a as a reference point because a lot"}, {"start": "00:29:03", "end": "00:29:06", "text": "of that isn't liquid. It's simply just"}, {"start": "00:29:04", "end": "00:29:10", "text": "going to be there. So there's maybe"}, {"start": "00:29:06", "end": "00:29:10", "text": "maybe maybe maybe"}, {"start": "00:29:10", "end": "00:29:16", "text": "around a million Bitcoin left that's up"}, {"start": "00:29:13", "end": "00:29:20", "text": "for grabs for 8 billion people."}, {"start": "00:29:16", "end": "00:29:22", "text": "Ethereum has 6 million Ethereum on"}, {"start": "00:29:20", "end": "00:29:28", "text": "crypto exchanges. Ethereum supply,"}, {"start": "00:29:22", "end": "00:29:28", "text": "however, there's 120 million Ethereum."}, {"start": "00:29:29", "end": "00:29:36", "text": "Bit of a difference."}, {"start": "00:29:32", "end": "00:29:39", "text": "There's almost no Ethereum like"}, {"start": "00:29:36", "end": "00:29:42", "text": "mathematically left on exchanges. What"}, {"start": "00:29:39", "end": "00:29:44", "text": "is that? 5%"}, {"start": "00:29:42", "end": "00:29:46", "text": "of all Ethereum"}, {"start": "00:29:44", "end": "00:29:48", "text": "that's left up for grabs. Like that's"}, {"start": "00:29:46", "end": "00:29:51", "text": "it. It's just 5% of the entire total"}, {"start": "00:29:48", "end": "00:29:53", "text": "supply. down from 22 million six years"}, {"start": "00:29:51", "end": "00:29:56", "text": "ago."}, {"start": "00:29:53", "end": "00:29:58", "text": "Even crazier, that 6 million ETH also"}, {"start": "00:29:56", "end": "00:30:00", "text": "isn't completely liquid. It's not always"}, {"start": "00:29:58", "end": "00:30:02", "text": "going to be up for grabs. A lot of that"}, {"start": "00:30:00", "end": "00:30:06", "text": "is just sitting on crypto exchanges also"}, {"start": "00:30:02", "end": "00:30:06", "text": "being staked in the background."}, {"start": "00:30:07", "end": "00:30:15", "text": "So, um"}, {"start": "00:30:11", "end": "00:30:18", "text": "prepare for the best because I can't"}, {"start": "00:30:15", "end": "00:30:20", "text": "even say prepare for the worst. Um, the"}, {"start": "00:30:18", "end": "00:30:23", "text": "wealthiest people and all the banks have"}, {"start": "00:30:20", "end": "00:30:26", "text": "been coordinating the last 2 years to"}, {"start": "00:30:23", "end": "00:30:28", "text": "make all this happen. Uh, they they knew"}, {"start": "00:30:26", "end": "00:30:30", "text": "from the get-go that they were able to"}, {"start": "00:30:28", "end": "00:30:34", "text": "accumulate large amounts of crypto. They"}, {"start": "00:30:30", "end": "00:30:36", "text": "had to do it slowly as to not alert the"}, {"start": "00:30:34", "end": "00:30:38", "text": "public and alert the market. Um, we are"}, {"start": "00:30:36", "end": "00:30:39", "text": "getting news every single day that these"}, {"start": "00:30:38", "end": "00:30:41", "text": "companies and these banks and these"}, {"start": "00:30:39", "end": "00:30:45", "text": "governments are buying more crypto. And"}, {"start": "00:30:41", "end": "00:30:49", "text": "I do not understand how anyone could be"}, {"start": "00:30:45", "end": "00:30:49", "text": "confused as to what's coming next."}, {"start": "00:30:49", "end": "00:30:55", "text": "I am completely"}, {"start": "00:30:52", "end": "00:30:59", "text": "shocked at at what's happening. Even the"}, {"start": "00:30:55", "end": "00:31:00", "text": "idea Oh, well I I have never mind. I was"}, {"start": "00:30:59", "end": "00:31:01", "text": "I was going to say something, but it's"}, {"start": "00:31:00", "end": "00:31:04", "text": "not really that important. It it was"}, {"start": "00:31:01", "end": "00:31:08", "text": "just this kind of like"}, {"start": "00:31:04", "end": "00:31:10", "text": "hearing. You heard the last two years"}, {"start": "00:31:08", "end": "00:31:11", "text": "that all the banks, all the banks on the"}, {"start": "00:31:10", "end": "00:31:13", "text": "planet are getting ready to offer"}, {"start": "00:31:11", "end": "00:31:17", "text": "cryptocurrency services. You heard that"}, {"start": "00:31:13", "end": "00:31:22", "text": "40 plus countries"}, {"start": "00:31:17", "end": "00:31:22", "text": "are buying up Bitcoin. 40 plus countries"}, {"start": "00:31:23", "end": "00:31:27", "text": "and then when the Clarity Act didn't get"}, {"start": "00:31:26", "end": "00:31:29", "text": "signed,"}, {"start": "00:31:27", "end": "00:31:31", "text": "when the Fed made their interest rate"}, {"start": "00:31:29", "end": "00:31:34", "text": "announcement,"}, {"start": "00:31:31", "end": "00:31:37", "text": "people sold."}, {"start": "00:31:34", "end": "00:31:40", "text": "Also, the coins you sold, you sold"}, {"start": "00:31:37", "end": "00:31:43", "text": "directly to Black Rockck, by the way."}, {"start": "00:31:40", "end": "00:31:46", "text": "Don't know if you know that. So,"}, {"start": "00:31:43", "end": "00:31:50", "text": "well, um,"}, {"start": "00:31:46", "end": "00:31:53", "text": "let's hope everyone pays attention"}, {"start": "00:31:50", "end": "00:31:56", "text": "because this is this is this is a test"}, {"start": "00:31:53", "end": "00:31:58", "text": "where you have all the answers."}, {"start": "00:31:56", "end": "00:32:00", "text": "So,"}, {"start": "00:31:58", "end": "00:32:02", "text": "um, hope you've all enjoyed. Hope you"}, {"start": "00:32:00", "end": "00:32:04", "text": "all are having a great day, a great"}, {"start": "00:32:02", "end": "00:32:06", "text": "morning, a great afternoon, a great"}, {"start": "00:32:04", "end": "00:32:08", "text": "evening, wherever you are, wherever you"}, {"start": "00:32:06", "end": "00:32:10", "text": "might be. I do hope it's absolutely"}, {"start": "00:32:08", "end": "00:32:12", "text": "fantastic. Uh thank you all once again"}, {"start": "00:32:10", "end": "00:32:14", "text": "for watching, listening, liking,"}, {"start": "00:32:12", "end": "00:32:17", "text": "commenting, and supporting. And I will"}, {"start": "00:32:14", "end": "00:32:19", "text": "most certainly be talking to you all"}, {"start": "00:32:17", "end": "00:32:22", "text": "soon."}, {"start": "00:32:19", "end": "00:32:22", "text": "See you."}]

[{"start": "00:00:01", "end": "00:00:06", "text": "Hello everybody."}, {"start": "00:00:03", "end": "00:00:09", "text": "Welcome back for another video. Welcome"}, {"start": "00:00:06", "end": "00:00:13", "text": "back to the channel. Hope you're all"}, {"start": "00:00:09", "end": "00:00:15", "text": "doing well and that you're all having a"}, {"start": "00:00:13", "end": "00:00:19", "text": "fantastic"}, {"start": "00:00:15", "end": "00:00:22", "text": "day. Gigantic thank you to Livio C, FT"}, {"start": "00:00:19", "end": "00:00:25", "text": "Clown, Llaya Austin, Alexander the"}, {"start": "00:00:22", "end": "00:00:28", "text": "Greek, Gypsy Queen, Trent Jackson,"}, {"start": "00:00:25", "end": "00:00:31", "text": "Gailaboa Snake, and Finley Bass. Very"}, {"start": "00:00:28", "end": "00:00:33", "text": "big thank you to all of my Patreon"}, {"start": "00:00:31", "end": "00:00:35", "text": "supporters. For those of you looking to"}, {"start": "00:00:33", "end": "00:00:38", "text": "support the channel, there are links in"}, {"start": "00:00:35", "end": "00:00:40", "text": "the description below."}, {"start": "00:00:38", "end": "00:00:43", "text": "Uh yeah, I think that's just about"}, {"start": "00:00:40", "end": "00:00:45", "text": "everything. Okay. Yeah, let's uh jump"}, {"start": "00:00:43", "end": "00:00:48", "text": "right into it. How's everyone been"}, {"start": "00:00:45", "end": "00:00:52", "text": "doing? What's new in your life? What are"}, {"start": "00:00:48", "end": "00:00:55", "text": "you buying? What are you investing in?"}, {"start": "00:00:52", "end": "00:00:57", "text": "No matter what, no matter what seems to"}, {"start": "00:00:55", "end": "00:01:03", "text": "be happening"}, {"start": "00:00:57", "end": "00:01:05", "text": "uh with the world or the economy or with"}, {"start": "00:01:03", "end": "00:01:07", "text": "inflation,"}, {"start": "00:01:05", "end": "00:01:10", "text": "uh we recently"}, {"start": "00:01:07", "end": "00:01:14", "text": "have had a a seemingly more steady"}, {"start": "00:01:10", "end": "00:01:17", "text": "stream of news regarding accumulation"}, {"start": "00:01:14", "end": "00:01:19", "text": "by companies in general. Not even the"}, {"start": "00:01:17", "end": "00:01:21", "text": "ones who've just been in the crypto"}, {"start": "00:01:19", "end": "00:01:24", "text": "space, but even ones we haven't heard"}, {"start": "00:01:21", "end": "00:01:27", "text": "from in a while or brand new ones."}, {"start": "00:01:24", "end": "00:01:29", "text": "There's still this idea and it's not"}, {"start": "00:01:27", "end": "00:01:30", "text": "going to go away. I I make sure to"}, {"start": "00:01:29", "end": "00:01:33", "text": "mention this as well so that everyone is"}, {"start": "00:01:30", "end": "00:01:36", "text": "kind of generally on the same exact"}, {"start": "00:01:33", "end": "00:01:38", "text": "page. You have to understand that there"}, {"start": "00:01:36", "end": "00:01:42", "text": "are actually like trillions of dollars"}, {"start": "00:01:38", "end": "00:01:43", "text": "at stake. This isn't a uh people are"}, {"start": "00:01:42", "end": "00:01:46", "text": "thinking that they can make an extra"}, {"start": "00:01:43", "end": "00:01:49", "text": "million. This is them trying to make"}, {"start": "00:01:46", "end": "00:01:51", "text": "billions, hundreds of billions, and"}, {"start": "00:01:49", "end": "00:01:54", "text": "potentially even trillion dollars in the"}, {"start": "00:01:51", "end": "00:01:57", "text": "long run within this market. So, this is"}, {"start": "00:01:54", "end": "00:01:59", "text": "why I think the accumulation continues"}, {"start": "00:01:57", "end": "00:02:02", "text": "no matter what is happening outside. I"}, {"start": "00:01:59", "end": "00:02:05", "text": "already told you my theories and"}, {"start": "00:02:02", "end": "00:02:07", "text": "take it how you will, but they seem"}, {"start": "00:02:05", "end": "00:02:10", "text": "completely believable."}, {"start": "00:02:07", "end": "00:02:12", "text": "We keep hearing over and over and it's"}, {"start": "00:02:10", "end": "00:02:14", "text": "not just here. Anywhere you're watching"}, {"start": "00:02:12", "end": "00:02:16", "text": "news, you're hearing about inflation."}, {"start": "00:02:14", "end": "00:02:18", "text": "You're hearing about debt levels. You're"}, {"start": "00:02:16", "end": "00:02:20", "text": "hearing about consumer debt. You're"}, {"start": "00:02:18", "end": "00:02:22", "text": "hearing about this is happening and"}, {"start": "00:02:20", "end": "00:02:25", "text": "that's falling and this is crashing and"}, {"start": "00:02:22", "end": "00:02:27", "text": "this is this is what I think is actually"}, {"start": "00:02:25", "end": "00:02:30", "text": "fueling a lot of the purchases and"}, {"start": "00:02:27", "end": "00:02:32", "text": "accumulation recently. If you and I are"}, {"start": "00:02:30", "end": "00:02:35", "text": "getting news about how bad the the"}, {"start": "00:02:32", "end": "00:02:37", "text": "economy is and how bad this is and this"}, {"start": "00:02:35", "end": "00:02:42", "text": "isn't looking too hot uh then these"}, {"start": "00:02:37", "end": "00:02:44", "text": "people of course the richers uh tend to"}, {"start": "00:02:42", "end": "00:02:46", "text": "know a lot better than we would. They"}, {"start": "00:02:44", "end": "00:02:49", "text": "are like deep in the mud. This is why I"}, {"start": "00:02:46", "end": "00:02:52", "text": "keep saying it's fascinating as we hear"}, {"start": "00:02:49", "end": "00:02:55", "text": "about darization, as we hear about"}, {"start": "00:02:52", "end": "00:02:58", "text": "Treasury bill problems and bonds and US"}, {"start": "00:02:55", "end": "00:03:01", "text": "debt levels, like other countries aren't"}, {"start": "00:02:58", "end": "00:03:04", "text": "stepping up to like"}, {"start": "00:03:01", "end": "00:03:05", "text": "save this. The news is that these"}, {"start": "00:03:04", "end": "00:03:07", "text": "companies and these banks and these"}, {"start": "00:03:05", "end": "00:03:09", "text": "countries and these individuals and"}, {"start": "00:03:07", "end": "00:03:11", "text": "these hedge funds are all announcing"}, {"start": "00:03:09", "end": "00:03:13", "text": "like no, like we're just we're just"}, {"start": "00:03:11", "end": "00:03:15", "text": "going to buy more crypto. Uh, this I"}, {"start": "00:03:13", "end": "00:03:18", "text": "think is I have my own ideas about the"}, {"start": "00:03:15", "end": "00:03:22", "text": "future. I think it's going to be"}, {"start": "00:03:18", "end": "00:03:25", "text": "a really weird like um what's the word?"}, {"start": "00:03:22", "end": "00:03:27", "text": "Like like like uh like hindsight is 2020"}, {"start": "00:03:25", "end": "00:03:31", "text": "kind of thing, but this is this is like"}, {"start": "00:03:27", "end": "00:03:34", "text": "4040 at this point and it's just kind of"}, {"start": "00:03:31", "end": "00:03:36", "text": "weird that so many other people aren't"}, {"start": "00:03:34", "end": "00:03:38", "text": "taking note. I I I don't know. I I have"}, {"start": "00:03:36", "end": "00:03:41", "text": "my own I have my own ideas about all of"}, {"start": "00:03:38", "end": "00:03:45", "text": "this. So, of course,"}, {"start": "00:03:41", "end": "00:03:48", "text": "in very, very popular news today, for"}, {"start": "00:03:45", "end": "00:03:51", "text": "those of you not looking at the screen,"}, {"start": "00:03:48", "end": "00:03:55", "text": "it says Morgan Stanley's Bitcoin"}, {"start": "00:03:51", "end": "00:03:57", "text": "holdings have crossed $69"}, {"start": "00:03:55", "end": "00:04:00", "text": "million"}, {"start": "00:03:57", "end": "00:04:03", "text": "after an aggressive buy. Morgan Stanley"}, {"start": "00:04:00", "end": "00:04:06", "text": "joins the list of big banks buying"}, {"start": "00:04:03", "end": "00:04:08", "text": "heavily into Bitcoin as its latest"}, {"start": "00:04:06", "end": "00:04:13", "text": "Bitcoin purchases have pushed their"}, {"start": "00:04:08", "end": "00:04:15", "text": "holdings to surpass $69 million worth of"}, {"start": "00:04:13", "end": "00:04:21", "text": "BTC."}, {"start": "00:04:15", "end": "00:04:23", "text": "This is I I I I I won't uh"}, {"start": "00:04:21", "end": "00:04:27", "text": "I won't do what I normally do, but just"}, {"start": "00:04:23", "end": "00:04:28", "text": "understand how bizarre all of this is. A"}, {"start": "00:04:27", "end": "00:04:30", "text": "lot of times there are so many people"}, {"start": "00:04:28", "end": "00:04:33", "text": "who are like fascinated with"}, {"start": "00:04:30", "end": "00:04:35", "text": "billionaires and what they do and like"}, {"start": "00:04:33", "end": "00:04:36", "text": "even I mean even if you what's that"}, {"start": "00:04:35", "end": "00:04:39", "text": "thing with the people is it from"}, {"start": "00:04:36", "end": "00:04:41", "text": "Congress? I don't remember. There's some"}, {"start": "00:04:39", "end": "00:04:44", "text": "kind of governmental body within the"}, {"start": "00:04:41", "end": "00:04:47", "text": "United States where uh these people"}, {"start": "00:04:44", "end": "00:04:50", "text": "seemingly wink always know where the"}, {"start": "00:04:47", "end": "00:04:52", "text": "stock market's going to go. Who's that?"}, {"start": "00:04:50", "end": "00:04:54", "text": "Who's that person? It's some woman. uh"}, {"start": "00:04:52", "end": "00:04:58", "text": "her her stock portfolio is up like"}, {"start": "00:04:54", "end": "00:05:01", "text": "9,000% in the last like decade or two"}, {"start": "00:04:58", "end": "00:05:03", "text": "because every single time she buys"}, {"start": "00:05:01", "end": "00:05:05", "text": "something or sells something that"}, {"start": "00:05:03", "end": "00:05:07", "text": "company either goes up or either goes"}, {"start": "00:05:05", "end": "00:05:11", "text": "down like she's never not correct. So"}, {"start": "00:05:07", "end": "00:05:15", "text": "there are people who follow her entire"}, {"start": "00:05:11", "end": "00:05:19", "text": "uh stock portfolio and its movements."}, {"start": "00:05:15", "end": "00:05:21", "text": "What I find weird is that in crypto it's"}, {"start": "00:05:19", "end": "00:05:24", "text": "not even remotely close. Maybe it's"}, {"start": "00:05:21", "end": "00:05:26", "text": "because we don't have"}, {"start": "00:05:24", "end": "00:05:28", "text": "someone doing something similar to that"}, {"start": "00:05:26", "end": "00:05:31", "text": "or whatever, but"}, {"start": "00:05:28", "end": "00:05:34", "text": "I always find it odd how we can get like"}, {"start": "00:05:31", "end": "00:05:36", "text": "actual credible news. We know that"}, {"start": "00:05:34", "end": "00:05:39", "text": "Morgan Stanley, JP Morgan, we know that"}, {"start": "00:05:36", "end": "00:05:43", "text": "Goldman Sachs, all of them are buying"}, {"start": "00:05:39", "end": "00:05:47", "text": "Bitcoin, Ethereum, etc., etc."}, {"start": "00:05:43", "end": "00:05:49", "text": "And that never makes"}, {"start": "00:05:47", "end": "00:05:52", "text": "I don't know. I think I'm having a rough"}, {"start": "00:05:49", "end": "00:05:54", "text": "day. I had I had had very weird dreams."}, {"start": "00:05:52", "end": "00:05:56", "text": "It's it's it's so crazy. Does anyone"}, {"start": "00:05:54", "end": "00:05:58", "text": "else have this? I keep having like I"}, {"start": "00:05:56", "end": "00:06:03", "text": "mean ins I mean insane"}, {"start": "00:05:58", "end": "00:06:06", "text": "like Final Fantasy monster winged dragon"}, {"start": "00:06:03", "end": "00:06:08", "text": "kind of like sorcery like things are"}, {"start": "00:06:06", "end": "00:06:10", "text": "like I mean really like intense dreams"}, {"start": "00:06:08", "end": "00:06:14", "text": "every single night is maybe because I'm"}, {"start": "00:06:10", "end": "00:06:15", "text": "like watching like um Marvel movies and"}, {"start": "00:06:14", "end": "00:06:18", "text": "TV shows and playing video games, but"}, {"start": "00:06:15", "end": "00:06:20", "text": "that's besides the point. I like I can't"}, {"start": "00:06:18", "end": "00:06:22", "text": "remember them and it's it drives me and"}, {"start": "00:06:20", "end": "00:06:24", "text": "like I wake up and like I remember the"}, {"start": "00:06:22", "end": "00:06:26", "text": "dream."}, {"start": "00:06:24", "end": "00:06:29", "text": "I go brush my teeth and then I'm like"}, {"start": "00:06:26", "end": "00:06:32", "text": "what was the was there a cat and like it"}, {"start": "00:06:29", "end": "00:06:35", "text": "it's it it I don't know. I'm also kind"}, {"start": "00:06:32", "end": "00:06:37", "text": "of like groggy today. Do I sound groggy?"}, {"start": "00:06:35", "end": "00:06:40", "text": "I I think I got enough sleep. I slept"}, {"start": "00:06:37", "end": "00:06:42", "text": "incorrectly on my ear, which I didn't"}, {"start": "00:06:40", "end": "00:06:45", "text": "even know was on on the left side of my"}, {"start": "00:06:42", "end": "00:06:46", "text": "ear, which which just didn't make any"}, {"start": "00:06:45", "end": "00:06:49", "text": "sense to me as I got up and I was like,"}, {"start": "00:06:46", "end": "00:06:51", "text": "why is my ear hurting? I didn't Maybe I"}, {"start": "00:06:49", "end": "00:06:53", "text": "got into a fight with that cat or"}, {"start": "00:06:51", "end": "00:06:57", "text": "something like that. Anyway,"}, {"start": "00:06:53", "end": "00:06:59", "text": "um what was I saying? Yes. So, what we I"}, {"start": "00:06:57", "end": "00:07:00", "text": "actually forgot what I was saying. So"}, {"start": "00:06:59", "end": "00:07:04", "text": "anyway, yeah, the the the point of the"}, {"start": "00:07:00", "end": "00:07:08", "text": "matter is I I kind of partially wish"}, {"start": "00:07:04", "end": "00:07:10", "text": "that news like this influenced people a"}, {"start": "00:07:08", "end": "00:07:13", "text": "little bit more. There's been so many"}, {"start": "00:07:10", "end": "00:07:15", "text": "times throughout history where like"}, {"start": "00:07:13", "end": "00:07:16", "text": "things are kind of like very obvious and"}, {"start": "00:07:15", "end": "00:07:18", "text": "then we get news about stuff, not even"}, {"start": "00:07:16", "end": "00:07:20", "text": "just in crypto, but in general, and a"}, {"start": "00:07:18", "end": "00:07:22", "text": "lot of people seem to like completely go"}, {"start": "00:07:20", "end": "00:07:24", "text": "around it as if it didn't happen. And"}, {"start": "00:07:22", "end": "00:07:25", "text": "then three or four years later when we"}, {"start": "00:07:24", "end": "00:07:27", "text": "hear that that person, that entity, that"}, {"start": "00:07:25", "end": "00:07:28", "text": "company is a lot richer or that they did"}, {"start": "00:07:27", "end": "00:07:29", "text": "something that we knew that they had"}, {"start": "00:07:28", "end": "00:07:31", "text": "already done a couple of years ago,"}, {"start": "00:07:29", "end": "00:07:32", "text": "people then look back and they go,"}, {"start": "00:07:31", "end": "00:07:35", "text": "\"Well, that's weird. I remember hearing"}, {"start": "00:07:32", "end": "00:07:38", "text": "about that. No one told.\" And it's like,"}, {"start": "00:07:35", "end": "00:07:42", "text": "\"Why is Morgan Stanley buying $69"}, {"start": "00:07:38", "end": "00:07:42", "text": "million worth of Bitcoin?"}, {"start": "00:07:42", "end": "00:07:47", "text": "Why are any of these other banks in the"}, {"start": "00:07:44", "end": "00:07:50", "text": "cryptocurrency space?\" I feel I keep"}, {"start": "00:07:47", "end": "00:07:52", "text": "feeling like and I and I I tell myself"}, {"start": "00:07:50", "end": "00:07:54", "text": "to not be so dramatic. I keep feeling"}, {"start": "00:07:52", "end": "00:07:57", "text": "like we're going to see like a really"}, {"start": "00:07:54", "end": "00:07:59", "text": "weird like stock market crash. Not like"}, {"start": "00:07:57", "end": "00:08:01", "text": "a normal like down, you know, like"}, {"start": "00:07:59", "end": "00:08:03", "text": "three, four, five%. I mean, like"}, {"start": "00:08:01", "end": "00:08:06", "text": "something like catastrophically like"}, {"start": "00:08:03", "end": "00:08:08", "text": "intense. And then I keep thinking about"}, {"start": "00:08:06", "end": "00:08:09", "text": "like the knock-on effect for crypto."}, {"start": "00:08:08", "end": "00:08:12", "text": "Like what's going to happen? Where are"}, {"start": "00:08:09", "end": "00:08:13", "text": "things going to be? Like"}, {"start": "00:08:12", "end": "00:08:15", "text": "I don't know. It's something that keeps"}, {"start": "00:08:13", "end": "00:08:16", "text": "playing over and over in my mind. I I I"}, {"start": "00:08:15", "end": "00:08:18", "text": "maybe it's all the news that we keep"}, {"start": "00:08:16", "end": "00:08:19", "text": "getting about like debt levels and how"}, {"start": "00:08:18", "end": "00:08:21", "text": "the stock market's not doing too great"}, {"start": "00:08:19", "end": "00:08:24", "text": "and how AI might potentially be a"}, {"start": "00:08:21", "end": "00:08:26", "text": "gigantic bubble, but there's something"}, {"start": "00:08:24", "end": "00:08:29", "text": "wrapped up in all of that with hearing"}, {"start": "00:08:26", "end": "00:08:31", "text": "all of this news. Like one side of the"}, {"start": "00:08:29", "end": "00:08:32", "text": "news is like constantly like how bad the"}, {"start": "00:08:31", "end": "00:08:34", "text": "stock market is, how bad things are"}, {"start": "00:08:32", "end": "00:08:36", "text": "going to be for the stock market, how"}, {"start": "00:08:34", "end": "00:08:38", "text": "bad US debt levels are, that like a a"}, {"start": "00:08:36", "end": "00:08:40", "text": "currency collapse is coming, but then"}, {"start": "00:08:38", "end": "00:08:44", "text": "you couple that on the other side with"}, {"start": "00:08:40", "end": "00:08:45", "text": "like just non-stop news. Non-stop news."}, {"start": "00:08:44", "end": "00:08:50", "text": "either about crypto prices are going"}, {"start": "00:08:45", "end": "00:08:52", "text": "higher or people accumulating crypto."}, {"start": "00:08:50", "end": "00:08:54", "text": "So, one is clearly like the result of"}, {"start": "00:08:52", "end": "00:08:56", "text": "another."}, {"start": "00:08:54", "end": "00:08:58", "text": "If all these banks are hearing and"}, {"start": "00:08:56", "end": "00:09:00", "text": "announcing that things are collapsing"}, {"start": "00:08:58", "end": "00:09:02", "text": "and then they throw all their money into"}, {"start": "00:09:00", "end": "00:09:05", "text": "crypto,"}, {"start": "00:09:02", "end": "00:09:08", "text": "that's that's what I'm usually uh"}, {"start": "00:09:05", "end": "00:09:10", "text": "talking about. Also, uh tying into this"}, {"start": "00:09:08", "end": "00:09:14", "text": "as well,"}, {"start": "00:09:10", "end": "00:09:15", "text": "uh something called the Smarter Web"}, {"start": "00:09:14", "end": "00:09:19", "text": "Company"}, {"start": "00:09:15", "end": "00:09:23", "text": "has bought an additional 35 Bitcoin as"}, {"start": "00:09:19", "end": "00:09:26", "text": "part of their 10year plan,"}, {"start": "00:09:23", "end": "00:09:29", "text": "which includes an ongoing policy of"}, {"start": "00:09:26", "end": "00:09:32", "text": "acquiring Bitcoin for their treasury."}, {"start": "00:09:29", "end": "00:09:35", "text": "The company spent around2 million pounds"}, {"start": "00:09:32", "end": "00:09:37", "text": "worth around $2.7 million on the latest"}, {"start": "00:09:35", "end": "00:09:42", "text": "purchased. The company began"}, {"start": "00:09:37", "end": "00:09:46", "text": "accumulating Bitcoin in April 2025"}, {"start": "00:09:42", "end": "00:09:49", "text": "with an initial purchase of um 2.3"}, {"start": "00:09:46", "end": "00:09:51", "text": "Bitcoin worth $215. Jeez Louise."}, {"start": "00:09:49", "end": "00:09:54", "text": "$215,000."}, {"start": "00:09:51", "end": "00:09:58", "text": "That'd be crazy. [snorts] They in 2025"}, {"start": "00:09:54", "end": "00:10:00", "text": "they bought 2.3 bitcoin for $215."}, {"start": "00:09:58", "end": "00:10:02", "text": "During this period a growing number of"}, {"start": "00:10:00", "end": "00:10:05", "text": "companies turned to the crypto asset as"}, {"start": "00:10:02", "end": "00:10:07", "text": "part of their treasury strategy. So like"}, {"start": "00:10:05", "end": "00:10:10", "text": "I said this kind of keeps"}, {"start": "00:10:07", "end": "00:10:12", "text": "flooding in our direction. This"}, {"start": "00:10:10", "end": "00:10:15", "text": "shouldn't be any surprise."}, {"start": "00:10:12", "end": "00:10:16", "text": "You you feel it too, right? You feel"}, {"start": "00:10:15", "end": "00:10:18", "text": "that something's like weird. You feel"}, {"start": "00:10:16", "end": "00:10:20", "text": "that something's off. You feel that"}, {"start": "00:10:18", "end": "00:10:23", "text": "something's like not correct like with"}, {"start": "00:10:20", "end": "00:10:24", "text": "money. You notice all the signs that"}, {"start": "00:10:23", "end": "00:10:28", "text": "everyone's throwing as much money as"}, {"start": "00:10:24", "end": "00:10:29", "text": "possible into the cryptocurrency space."}, {"start": "00:10:28", "end": "00:10:32", "text": "You realize you realize like we're not"}, {"start": "00:10:29", "end": "00:10:36", "text": "getting like this company just bought"}, {"start": "00:10:32", "end": "00:10:40", "text": "$100 million worth of gold or silver or"}, {"start": "00:10:36", "end": "00:10:43", "text": "real estate or stocks or US bonds or"}, {"start": "00:10:40", "end": "00:10:43", "text": "treasuries."}, {"start": "00:10:43", "end": "00:10:48", "text": "Okay. Uh, also tying directly into this"}, {"start": "00:10:46", "end": "00:10:52", "text": "as well, for those of you not looking at"}, {"start": "00:10:48", "end": "00:10:57", "text": "the screen, it says BlackRock buys $1"}, {"start": "00:10:52", "end": "00:10:57", "text": "billion worth of Bitcoin."}, {"start": "00:10:57", "end": "00:11:01", "text": "Black Rockck is buying heavily into"}, {"start": "00:10:58", "end": "00:11:03", "text": "Bitcoin despite the unstable market"}, {"start": "00:11:01", "end": "00:11:05", "text": "conditions. It has now scooped up over a"}, {"start": "00:11:03", "end": "00:11:09", "text": "billion dollars worth of Bitcoin in the"}, {"start": "00:11:05", "end": "00:11:11", "text": "last 20 days. This will also obviously"}, {"start": "00:11:09", "end": "00:11:13", "text": "accumulate in some sort of way as well."}, {"start": "00:11:11", "end": "00:11:15", "text": "Did I tell you like the the the 500"}, {"start": "00:11:13", "end": "00:11:19", "text": "thing? I must have. A couple of days"}, {"start": "00:11:15", "end": "00:11:21", "text": "ago, I became obsessed with this idea of"}, {"start": "00:11:19", "end": "00:11:24", "text": "how much Yeah, I must have. Of how much"}, {"start": "00:11:21", "end": "00:11:29", "text": "money you would have if you accumulated"}, {"start": "00:11:24", "end": "00:11:32", "text": "$500 per month, like not investing,"}, {"start": "00:11:29", "end": "00:11:36", "text": "not putting it into stocks or crypto. If"}, {"start": "00:11:32", "end": "00:11:38", "text": "you just took $500 per month,"}, {"start": "00:11:36", "end": "00:11:42", "text": "put that into a bank account or a jar or"}, {"start": "00:11:38", "end": "00:11:43", "text": "whatever you so prefer. I I I was"}, {"start": "00:11:42", "end": "00:11:46", "text": "thinking about the idea of like how a"}, {"start": "00:11:43", "end": "00:11:48", "text": "lot of people who I know"}, {"start": "00:11:46", "end": "00:11:51", "text": "keep telling me that they can't invest,"}, {"start": "00:11:48", "end": "00:11:52", "text": "they don't have the time, and I air"}, {"start": "00:11:51", "end": "00:11:55", "text": "quote here, they don't have the money."}, {"start": "00:11:52", "end": "00:11:57", "text": "When I I see you going on vacation to"}, {"start": "00:11:55", "end": "00:12:00", "text": "Jamaica, I I see the things that you're"}, {"start": "00:11:57", "end": "00:12:02", "text": "buying. like I see that you you know"}, {"start": "00:12:00", "end": "00:12:04", "text": "have another car that you don't like I"}, {"start": "00:12:02", "end": "00:12:06", "text": "there's no need to lie to me but I guess"}, {"start": "00:12:04", "end": "00:12:08", "text": "they want to lie to themselves and I was"}, {"start": "00:12:06", "end": "00:12:10", "text": "thinking over the course of like a"}, {"start": "00:12:08", "end": "00:12:13", "text": "decade you know time just goes by by"}, {"start": "00:12:10", "end": "00:12:16", "text": "itself 500 is a lot but it also isn't"}, {"start": "00:12:13", "end": "00:12:18", "text": "500 goes a long way but also it can't"}, {"start": "00:12:16", "end": "00:12:19", "text": "help you buy a home like like that kind"}, {"start": "00:12:18", "end": "00:12:21", "text": "of thing [snorts] and then I was"}, {"start": "00:12:19", "end": "00:12:22", "text": "thinking over the course of like a"}, {"start": "00:12:21", "end": "00:12:24", "text": "decade I was like if you just put that"}, {"start": "00:12:22", "end": "00:12:27", "text": "away that's $60,000"}, {"start": "00:12:24", "end": "00:12:29", "text": "then I was like"}, {"start": "00:12:27", "end": "00:12:32", "text": "where like what what could you do with"}, {"start": "00:12:29", "end": "00:12:33", "text": "that extra 60,000 right now? But then I"}, {"start": "00:12:32", "end": "00:12:35", "text": "was also like imagine telling someone"}, {"start": "00:12:33", "end": "00:12:38", "text": "like in the future you're going to have"}, {"start": "00:12:35", "end": "00:12:40", "text": "60,000 just from putting away 500. Of"}, {"start": "00:12:38", "end": "00:12:43", "text": "course the math is there but it sounds"}, {"start": "00:12:40", "end": "00:12:45", "text": "like insane and astronomical in some"}, {"start": "00:12:43", "end": "00:12:46", "text": "sort of way. And then for some reason I"}, {"start": "00:12:45", "end": "00:12:49", "text": "was like imagine like 20 years and I was"}, {"start": "00:12:46", "end": "00:12:51", "text": "like that's 120k. And then I like kind"}, {"start": "00:12:49", "end": "00:12:53", "text": "of compiled that together and I was like"}, {"start": "00:12:51", "end": "00:12:55", "text": "imagine if like a family of three, four"}, {"start": "00:12:53", "end": "00:12:57", "text": "or five."}, {"start": "00:12:55", "end": "00:12:59", "text": "They all like kept on putting money into"}, {"start": "00:12:57", "end": "00:13:02", "text": "the same exact jar. I was like they'd"}, {"start": "00:12:59", "end": "00:13:04", "text": "have like $480,000"}, {"start": "00:13:02", "end": "00:13:06", "text": "plus after the last 20 years just from"}, {"start": "00:13:04", "end": "00:13:09", "text": "just from putting away 500. That that's"}, {"start": "00:13:06", "end": "00:13:12", "text": "that's nothing else. That is nothing"}, {"start": "00:13:09", "end": "00:13:14", "text": "else except for like just the 500. The"}, {"start": "00:13:12", "end": "00:13:17", "text": "point I'm trying to make is that I told"}, {"start": "00:13:14", "end": "00:13:18", "text": "you I think we're very desensitized to"}, {"start": "00:13:17", "end": "00:13:21", "text": "numbers."}, {"start": "00:13:18", "end": "00:13:23", "text": "We keep hearing that uh Black Rockck has"}, {"start": "00:13:21", "end": "00:13:26", "text": "purchased a million dollars worth of"}, {"start": "00:13:23", "end": "00:13:29", "text": "Bitcoin. Black Rockck has purchased $1.8"}, {"start": "00:13:26", "end": "00:13:32", "text": "billion. We used to hear quite"}, {"start": "00:13:29", "end": "00:13:35", "text": "frequently Micro Strategy bought $480"}, {"start": "00:13:32", "end": "00:13:37", "text": "million and then that became 1.1 billion"}, {"start": "00:13:35", "end": "00:13:39", "text": "and then 2.2 billion like these other"}, {"start": "00:13:37", "end": "00:13:41", "text": "kinds of numbers. I I I think people get"}, {"start": "00:13:39", "end": "00:13:43", "text": "used to hearing them and they don't hold"}, {"start": "00:13:41", "end": "00:13:46", "text": "as much significance as they actually"}, {"start": "00:13:43", "end": "00:13:48", "text": "should. Do you know how much a million"}, {"start": "00:13:46", "end": "00:13:50", "text": "dollars is? Like think about it. Like"}, {"start": "00:13:48", "end": "00:13:52", "text": "think about like actually a million"}, {"start": "00:13:50", "end": "00:13:55", "text": "dollars and how life-changing that would"}, {"start": "00:13:52", "end": "00:13:57", "text": "be. Now go to a hundred million dollars."}, {"start": "00:13:55", "end": "00:13:59", "text": "A hundredx what you were thinking about"}, {"start": "00:13:57", "end": "00:14:02", "text": "before. Like you you have no money"}, {"start": "00:13:59", "end": "00:14:05", "text": "troubles ever again. If you 10x that one"}, {"start": "00:14:02", "end": "00:14:08", "text": "more time, that's a billion dollars."}, {"start": "00:14:05", "end": "00:14:10", "text": "That is a dollar for one out of every"}, {"start": "00:14:08", "end": "00:14:11", "text": "eight people on the planet. Every one"}, {"start": "00:14:10", "end": "00:14:14", "text": "out of every eight people would have a"}, {"start": "00:14:11", "end": "00:14:16", "text": "dollar to a billion dollars. And to be"}, {"start": "00:14:14", "end": "00:14:18", "text": "able to accumulate that much of an asset"}, {"start": "00:14:16", "end": "00:14:20", "text": "is is quite striking. It's actually"}, {"start": "00:14:18", "end": "00:14:22", "text": "quite intense to hear some kind of"}, {"start": "00:14:20", "end": "00:14:24", "text": "information like that's that's not"}, {"start": "00:14:22", "end": "00:14:27", "text": "normal at all. Once again, like the"}, {"start": "00:14:24", "end": "00:14:28", "text": "accumulation isn't going into gold. It's"}, {"start": "00:14:27", "end": "00:14:31", "text": "not going into real estate. It is"}, {"start": "00:14:28", "end": "00:14:33", "text": "specifically going into Bitcoin."}, {"start": "00:14:31", "end": "00:14:36", "text": "What I mean about like this idea of like"}, {"start": "00:14:33", "end": "00:14:39", "text": "a 10-year period or 20-year period, at"}, {"start": "00:14:36", "end": "00:14:41", "text": "some point these people are going to own"}, {"start": "00:14:39", "end": "00:14:44", "text": "all the crypto. Does that ever enter"}, {"start": "00:14:41", "end": "00:14:47", "text": "your mind? I I"}, {"start": "00:14:44", "end": "00:14:49", "text": "have this it's not a theory. It's more"}, {"start": "00:14:47", "end": "00:14:52", "text": "simply an idea."}, {"start": "00:14:49", "end": "00:14:57", "text": "Remember um if you didn't listen to that"}, {"start": "00:14:52", "end": "00:14:59", "text": "podcast the podcast is called Acquired."}, {"start": "00:14:57", "end": "00:15:00", "text": "It's it's it's I mean it's okay. I'm I'm"}, {"start": "00:14:59", "end": "00:15:02", "text": "you know I'm not listening to it every"}, {"start": "00:15:00", "end": "00:15:05", "text": "day, but some some some of them are"}, {"start": "00:15:02", "end": "00:15:07", "text": "pretty good. Uh and one of them was"}, {"start": "00:15:05", "end": "00:15:09", "text": "called LVMH"}, {"start": "00:15:07", "end": "00:15:11", "text": "and it has to do with Louis Vuitton and"}, {"start": "00:15:09", "end": "00:15:12", "text": "the other thousand companies that they"}, {"start": "00:15:11", "end": "00:15:14", "text": "own."}, {"start": "00:15:12", "end": "00:15:16", "text": "And one of the stories, I told you this"}, {"start": "00:15:14", "end": "00:15:19", "text": "about a year or two ago, one of the"}, {"start": "00:15:16", "end": "00:15:21", "text": "stories for LVMH was about how they kind"}, {"start": "00:15:19", "end": "00:15:23", "text": "of acquired all these other companies"}, {"start": "00:15:21", "end": "00:15:27", "text": "and it was a literal slow and steady"}, {"start": "00:15:23", "end": "00:15:29", "text": "kind of thing. So in the late8s"}, {"start": "00:15:27", "end": "00:15:31", "text": "somewhere around there, this is the this"}, {"start": "00:15:29", "end": "00:15:34", "text": "is a French company, but they began to"}, {"start": "00:15:31", "end": "00:15:36", "text": "acquire other companies on the US and I"}, {"start": "00:15:34", "end": "00:15:39", "text": "believe the French stock market back"}, {"start": "00:15:36", "end": "00:15:43", "text": "then by just like low levels of"}, {"start": "00:15:39", "end": "00:15:44", "text": "accumulation. So imagine"}, {"start": "00:15:43", "end": "00:15:47", "text": "Well, I mean, yeah, that was yeah, that"}, {"start": "00:15:44", "end": "00:15:49", "text": "that that was kind of the the thing."}, {"start": "00:15:47", "end": "00:15:51", "text": "They were literally just purchasing"}, {"start": "00:15:49", "end": "00:15:54", "text": "shares of other companies that they"}, {"start": "00:15:51", "end": "00:15:55", "text": "wanted to acquire like bit by bit. So,"}, {"start": "00:15:54", "end": "00:15:59", "text": "every single day, imagine like"}, {"start": "00:15:55", "end": "00:16:01", "text": "purchasing like $500 once again worth of"}, {"start": "00:15:59", "end": "00:16:03", "text": "a company. Then eventually, you keep"}, {"start": "00:16:01", "end": "00:16:06", "text": "accumulating more. At some point, you"}, {"start": "00:16:03", "end": "00:16:08", "text": "own hundreds of thousands of shares of"}, {"start": "00:16:06", "end": "00:16:10", "text": "that company. They were even threatening"}, {"start": "00:16:08", "end": "00:16:12", "text": "a lot of these companies that they were"}, {"start": "00:16:10", "end": "00:16:15", "text": "going to delist them from stock markets"}, {"start": "00:16:12", "end": "00:16:16", "text": "because the trading volume was so low."}, {"start": "00:16:15", "end": "00:16:19", "text": "You know why the trading volume was so"}, {"start": "00:16:16", "end": "00:16:21", "text": "low? Because this company had acquired"}, {"start": "00:16:19", "end": "00:16:23", "text": "so much stock that they just refused to"}, {"start": "00:16:21", "end": "00:16:24", "text": "sell. So they were just holding on to"}, {"start": "00:16:23", "end": "00:16:26", "text": "and then eventually they had to come"}, {"start": "00:16:24", "end": "00:16:28", "text": "forward and announce, oh yeah, sorry, we"}, {"start": "00:16:26", "end": "00:16:30", "text": "we actually own the majority of that."}, {"start": "00:16:28", "end": "00:16:32", "text": "This is why, you know, it's low trading"}, {"start": "00:16:30", "end": "00:16:33", "text": "because we're just not selling any of"}, {"start": "00:16:32", "end": "00:16:35", "text": "the like like we're not putting them"}, {"start": "00:16:33", "end": "00:16:38", "text": "back on the market. we want to own the"}, {"start": "00:16:35", "end": "00:16:40", "text": "majority of this company. And then they"}, {"start": "00:16:38", "end": "00:16:41", "text": "of course ended up doing so with all"}, {"start": "00:16:40", "end": "00:16:43", "text": "this tremendous amount of wealth and all"}, {"start": "00:16:41", "end": "00:16:45", "text": "this money. Same thing with that guy I"}, {"start": "00:16:43", "end": "00:16:47", "text": "told you a couple of months ago. I think"}, {"start": "00:16:45", "end": "00:16:49", "text": "I stumbled upon his video. I think it"}, {"start": "00:16:47", "end": "00:16:51", "text": "was on Instagram. This guy was talking"}, {"start": "00:16:49", "end": "00:16:54", "text": "about a couple years ago. He just decid"}, {"start": "00:16:51", "end": "00:16:56", "text": "2010. I think it was 2010. He just"}, {"start": "00:16:54", "end": "00:16:58", "text": "decided to like buy like one ounce of"}, {"start": "00:16:56", "end": "00:17:01", "text": "gold every single month. And then he was"}, {"start": "00:16:58", "end": "00:17:04", "text": "showing on the table he had I it must"}, {"start": "00:17:01", "end": "00:17:06", "text": "have been over"}, {"start": "00:17:04", "end": "00:17:07", "text": "150 gold coins. I don't remember the"}, {"start": "00:17:06", "end": "00:17:10", "text": "exact number but it was like it was"}, {"start": "00:17:07", "end": "00:17:11", "text": "staggering to see. And he was going over"}, {"start": "00:17:10", "end": "00:17:14", "text": "like the prices that he bought them for"}, {"start": "00:17:11", "end": "00:17:16", "text": "and what they're worth. Now this is what"}, {"start": "00:17:14", "end": "00:17:18", "text": "I know Black Rockck and all these"}, {"start": "00:17:16", "end": "00:17:21", "text": "companies are doing. There's this really"}, {"start": "00:17:18", "end": "00:17:23", "text": "weird blloase attitude to these"}, {"start": "00:17:21", "end": "00:17:25", "text": "companies accumulating all these coins."}, {"start": "00:17:23", "end": "00:17:27", "text": "There's a really weird I don't know why"}, {"start": "00:17:25", "end": "00:17:29", "text": "people don't like me saying it, but"}, {"start": "00:17:27", "end": "00:17:32", "text": "every time I say that like crypto is for"}, {"start": "00:17:29", "end": "00:17:35", "text": "you and for the people. Like it's it's"}, {"start": "00:17:32", "end": "00:17:37", "text": "not bizarre that Micro Strategy and"}, {"start": "00:17:35", "end": "00:17:40", "text": "Black Rockck are buying so much Bitcoin."}, {"start": "00:17:37", "end": "00:17:42", "text": "It makes perfect sense."}, {"start": "00:17:40", "end": "00:17:44", "text": "It makes complete sense as to why"}, {"start": "00:17:42", "end": "00:17:46", "text": "they're doing so. But people within the"}, {"start": "00:17:44", "end": "00:17:47", "text": "cryptocurrency space aren't focused on"}, {"start": "00:17:46", "end": "00:17:49", "text": "that. They don't care. People in the"}, {"start": "00:17:47", "end": "00:17:51", "text": "crypto space will care when Bitcoin is"}, {"start": "00:17:49", "end": "00:17:54", "text": "completely out of their reach. they"}, {"start": "00:17:51", "end": "00:17:57", "text": "can't afford a million Satoshi's. People"}, {"start": "00:17:54", "end": "00:18:01", "text": "will care. Like I said before, when XRP"}, {"start": "00:17:57", "end": "00:18:03", "text": "when XRP one day is at $40 per coin,"}, {"start": "00:18:01", "end": "00:18:05", "text": "that's when the masses will actually"}, {"start": "00:18:03", "end": "00:18:08", "text": "care. You know what happens when you"}, {"start": "00:18:05", "end": "00:18:10", "text": "accumulate a billion plus dollars worth"}, {"start": "00:18:08", "end": "00:18:13", "text": "of Bitcoin"}, {"start": "00:18:10", "end": "00:18:15", "text": "every month, every couple of weeks, you"}, {"start": "00:18:13", "end": "00:18:17", "text": "end up getting into the situation where"}, {"start": "00:18:15", "end": "00:18:19", "text": "Micro Strategy is holding 800,000"}, {"start": "00:18:17", "end": "00:18:23", "text": "Bitcoin. How is that not striking to"}, {"start": "00:18:19", "end": "00:18:26", "text": "anyone? Black Rockck has 6070 billion"}, {"start": "00:18:23", "end": "00:18:28", "text": "dollar worth of Bitcoin. How is it? When"}, {"start": "00:18:26", "end": "00:18:30", "text": "I say like alarming, I mean like you"}, {"start": "00:18:28", "end": "00:18:32", "text": "understand mathematically. Remember like"}, {"start": "00:18:30", "end": "00:18:33", "text": "the whole like you know two decades"}, {"start": "00:18:32", "end": "00:18:35", "text": "thing,"}, {"start": "00:18:33", "end": "00:18:38", "text": "the guy buying gold over the course of"}, {"start": "00:18:35", "end": "00:18:40", "text": "the last 15 16 years. These are"}, {"start": "00:18:38", "end": "00:18:42", "text": "companies who've been buying Bitcoin for"}, {"start": "00:18:40", "end": "00:18:45", "text": "just two years."}, {"start": "00:18:42", "end": "00:18:50", "text": "By the time we get to the year 2031,"}, {"start": "00:18:45", "end": "00:18:52", "text": "they will mathematically have all of it."}, {"start": "00:18:50", "end": "00:18:54", "text": "They won't own the lion share. They're"}, {"start": "00:18:52", "end": "00:18:57", "text": "going to literally have all this Bitcoin"}, {"start": "00:18:54", "end": "00:19:00", "text": "and then never sell it. They're going to"}, {"start": "00:18:57", "end": "00:19:03", "text": "hold on to it and stake it."}, {"start": "00:19:00", "end": "00:19:06", "text": "What if Bitcoin does become one of the"}, {"start": "00:19:03", "end": "00:19:08", "text": "main top currencies on the planet? Do"}, {"start": "00:19:06", "end": "00:19:12", "text": "you understand what I'm saying? I I"}, {"start": "00:19:08", "end": "00:19:17", "text": "don't get this. This news affects me a"}, {"start": "00:19:12", "end": "00:19:20", "text": "lot. I have a constant idea of like,"}, {"start": "00:19:17", "end": "00:19:23", "text": "how do I put this into words? I've told"}, {"start": "00:19:20", "end": "00:19:24", "text": "you before that when I was younger, I"}, {"start": "00:19:23", "end": "00:19:26", "text": "would always follow what old people"}, {"start": "00:19:24", "end": "00:19:27", "text": "said. Not if they're like, \"Hey, hand me"}, {"start": "00:19:26", "end": "00:19:31", "text": "the remote.\" But if someone was like,"}, {"start": "00:19:27", "end": "00:19:33", "text": "\"My knees hurt because I wasn't wearing"}, {"start": "00:19:31", "end": "00:19:35", "text": "long johns. Like, I have terrible"}, {"start": "00:19:33", "end": "00:19:36", "text": "arthritis. I I didn't have fruits and"}, {"start": "00:19:35", "end": "00:19:38", "text": "vegetables. I didn't drink water.\" like"}, {"start": "00:19:36", "end": "00:19:41", "text": "I listened to what all these people said"}, {"start": "00:19:38", "end": "00:19:42", "text": "and I implemented it into my own life to"}, {"start": "00:19:41", "end": "00:19:46", "text": "make sure that I didn't end up in some"}, {"start": "00:19:42", "end": "00:19:50", "text": "way like them. If we are hearing"}, {"start": "00:19:46", "end": "00:19:52", "text": "explicitly from these companies,"}, {"start": "00:19:50", "end": "00:19:55", "text": "even if it's something as and I, you"}, {"start": "00:19:52", "end": "00:19:58", "text": "know, as small as a company saying they"}, {"start": "00:19:55", "end": "00:20:00", "text": "bought 25 Bitcoin, that's a huge that's"}, {"start": "00:19:58", "end": "00:20:04", "text": "a ginormous amount of Bitcoin. If it had"}, {"start": "00:20:00", "end": "00:20:06", "text": "been one Bitcoin, that's still a lot. 25"}, {"start": "00:20:04", "end": "00:20:09", "text": "is crazy."}, {"start": "00:20:06", "end": "00:20:11", "text": "A h 100,000 is like what's going on? A"}, {"start": "00:20:09", "end": "00:20:13", "text": "billion dollars worth of Bitcoin in 20"}, {"start": "00:20:11", "end": "00:20:16", "text": "days. That's something everyone should"}, {"start": "00:20:13", "end": "00:20:20", "text": "be focusing on. Why does Morgan Stanley"}, {"start": "00:20:16", "end": "00:20:22", "text": "have $600 million worth of Bitcoin? And"}, {"start": "00:20:20", "end": "00:20:23", "text": "that's with like more for for though for"}, {"start": "00:20:22", "end": "00:20:26", "text": "context. If you haven't been here"}, {"start": "00:20:23", "end": "00:20:29", "text": "earlier this year, Morgan Stanley like"}, {"start": "00:20:26", "end": "00:20:32", "text": "just kind of"}, {"start": "00:20:29", "end": "00:20:34", "text": "just kind of got into the market like"}, {"start": "00:20:32", "end": "00:20:37", "text": "kind of like earlier this year Goldman"}, {"start": "00:20:34", "end": "00:20:41", "text": "Sachs and Morgan Stanley. It was around"}, {"start": "00:20:37", "end": "00:20:43", "text": "April, maybe March. They both were like,"}, {"start": "00:20:41", "end": "00:20:45", "text": "\"Yeah, okay.\" So, like, you know, now"}, {"start": "00:20:43", "end": "00:20:49", "text": "we're going to step over the threshold."}, {"start": "00:20:45", "end": "00:20:51", "text": "Now we're like officially into crypto."}, {"start": "00:20:49", "end": "00:20:55", "text": "Do you understand like what scarcity"}, {"start": "00:20:51", "end": "00:20:57", "text": "actually means in this case?"}, {"start": "00:20:55", "end": "00:20:58", "text": "I think sometimes I think sometimes"}, {"start": "00:20:57", "end": "00:21:00", "text": "people maybe understand it a bit more"}, {"start": "00:20:58", "end": "00:21:02", "text": "when it comes to housing because housing"}, {"start": "00:21:00", "end": "00:21:04", "text": "is actually physical and we understand"}, {"start": "00:21:02", "end": "00:21:05", "text": "it."}, {"start": "00:21:04", "end": "00:21:08", "text": "They're planning on buying all the"}, {"start": "00:21:05", "end": "00:21:09", "text": "housing on the planet. Rich people are"}, {"start": "00:21:08", "end": "00:21:11", "text": "going to own all the houses on the"}, {"start": "00:21:09", "end": "00:21:13", "text": "planet. Everyone is going to be forced"}, {"start": "00:21:11", "end": "00:21:14", "text": "to be renters. If you do not own"}, {"start": "00:21:13", "end": "00:21:17", "text": "property, you will be forced to be a"}, {"start": "00:21:14", "end": "00:21:18", "text": "renter for infinitum."}, {"start": "00:21:17", "end": "00:21:20", "text": "They're not going to sell any"}, {"start": "00:21:18", "end": "00:21:21", "text": "properties. Someone someone came back"}, {"start": "00:21:20", "end": "00:21:23", "text": "one time. I was having a conversation"}, {"start": "00:21:21", "end": "00:21:25", "text": "with someone and I thought we were on"}, {"start": "00:21:23", "end": "00:21:27", "text": "the same mental plane and they were"}, {"start": "00:21:25", "end": "00:21:28", "text": "like, \"Well, that's nonsense.\" Like that"}, {"start": "00:21:27", "end": "00:21:31", "text": "they'll just build more. And I said,"}, {"start": "00:21:28", "end": "00:21:35", "text": "\"Who do you think is building more of"}, {"start": "00:21:31", "end": "00:21:36", "text": "these properties? It's these companies.\""}, {"start": "00:21:35", "end": "00:21:38", "text": "You know, a lot of people don't"}, {"start": "00:21:36", "end": "00:21:39", "text": "understand that. A lot of people don't"}, {"start": "00:21:38", "end": "00:21:41", "text": "understand that the people who have"}, {"start": "00:21:39", "end": "00:21:44", "text": "billions, like they run these companies."}, {"start": "00:21:41", "end": "00:21:46", "text": "They're building these buildings. And"}, {"start": "00:21:44", "end": "00:21:48", "text": "then like when they sell the properties,"}, {"start": "00:21:46", "end": "00:21:49", "text": "they only sell to other people who have"}, {"start": "00:21:48", "end": "00:21:51", "text": "like the wealth to be able to build"}, {"start": "00:21:49", "end": "00:21:53", "text": "them. In the United States, there's a"}, {"start": "00:21:51", "end": "00:21:56", "text": "huge thing right now where the people"}, {"start": "00:21:53", "end": "00:22:00", "text": "who own like the corporate landlords,"}, {"start": "00:21:56", "end": "00:22:01", "text": "quote unquote, what they do already now,"}, {"start": "00:22:00", "end": "00:22:02", "text": "they're scooping up properties sight"}, {"start": "00:22:01", "end": "00:22:04", "text": "unseen because they don't need to see"}, {"start": "00:22:02", "end": "00:22:05", "text": "them. They just want to accumulate as"}, {"start": "00:22:04", "end": "00:22:07", "text": "many as they can. They renovate them and"}, {"start": "00:22:05", "end": "00:22:09", "text": "they immediately rent them out. They"}, {"start": "00:22:07", "end": "00:22:11", "text": "also go to the companies, the people who"}, {"start": "00:22:09", "end": "00:22:13", "text": "are, you know, there's a huge plot of"}, {"start": "00:22:11", "end": "00:22:15", "text": "land over there. They're p they're"}, {"start": "00:22:13", "end": "00:22:16", "text": "building 600 new properties. They"}, {"start": "00:22:15", "end": "00:22:18", "text": "contact these people. Hey, Jim. Yeah."}, {"start": "00:22:16", "end": "00:22:20", "text": "What's up? Hey, what's going on? So, we"}, {"start": "00:22:18", "end": "00:22:22", "text": "I I I see that you guys are, you know,"}, {"start": "00:22:20", "end": "00:22:23", "text": "building over there. Yep, we are. Okay."}, {"start": "00:22:22", "end": "00:22:25", "text": "How many are you keeping for yourself?"}, {"start": "00:22:23", "end": "00:22:28", "text": "About 20%. Okay, cool. We'll take the"}, {"start": "00:22:25", "end": "00:22:30", "text": "rest. This isn't like a a thing where"}, {"start": "00:22:28", "end": "00:22:32", "text": "normal people will just be able to go,"}, {"start": "00:22:30", "end": "00:22:36", "text": "well, oh my gosh, I have $5. Can I? No."}, {"start": "00:22:32", "end": "00:22:37", "text": "Like, they're they're offering cash."}, {"start": "00:22:36", "end": "00:22:40", "text": "That's the direction that everything is"}, {"start": "00:22:37", "end": "00:22:42", "text": "moving in. So I think people understand"}, {"start": "00:22:40", "end": "00:22:44", "text": "that a little bit more like from the"}, {"start": "00:22:42", "end": "00:22:47", "text": "scarcity idea and like you know like oh"}, {"start": "00:22:44", "end": "00:22:50", "text": "my gosh like by 2040 normal people will"}, {"start": "00:22:47", "end": "00:22:53", "text": "never own property ever again ever again"}, {"start": "00:22:50", "end": "00:22:55", "text": "eve ver again ever again but for crypto"}, {"start": "00:22:53", "end": "00:22:57", "text": "it seems more abstract because we can't"}, {"start": "00:22:55", "end": "00:22:59", "text": "hold bitcoin you can hear that people"}, {"start": "00:22:57", "end": "00:23:00", "text": "are trading and buying and selling"}, {"start": "00:22:59", "end": "00:23:03", "text": "bitcoin and that usually enters the mind"}, {"start": "00:23:00", "end": "00:23:05", "text": "is like well like you know the the the"}, {"start": "00:23:03", "end": "00:23:07", "text": "circular economy is is still going"}, {"start": "00:23:05", "end": "00:23:08", "text": "strong people will always be able to buy"}, {"start": "00:23:07", "end": "00:23:10", "text": "people will always be able to sell."}, {"start": "00:23:08", "end": "00:23:15", "text": "People will always be able to trade."}, {"start": "00:23:10", "end": "00:23:15", "text": "Like, it's thinning out very quick."}, {"start": "00:23:16", "end": "00:23:20", "text": "I don't know if I sound insane. I I I I"}, {"start": "00:23:18", "end": "00:23:22", "text": "don't know if some of you are now having"}, {"start": "00:23:20", "end": "00:23:24", "text": "the little light bulb go over your head,"}, {"start": "00:23:22", "end": "00:23:27", "text": "but this is what's happening."}, {"start": "00:23:24", "end": "00:23:29", "text": "If you accumulate"}, {"start": "00:23:27", "end": "00:23:31", "text": "one coin of gold every single day for a"}, {"start": "00:23:29", "end": "00:23:34", "text": "decade, you're going to have a lot of"}, {"start": "00:23:31", "end": "00:23:36", "text": "freaking gold. If you keep accumulating"}, {"start": "00:23:34", "end": "00:23:38", "text": "a billion dollars worth of Bitcoin, this"}, {"start": "00:23:36", "end": "00:23:40", "text": "is one company. And then we have 75"}, {"start": "00:23:38", "end": "00:23:43", "text": "other companies that we know of who are"}, {"start": "00:23:40", "end": "00:23:46", "text": "doing the exact same thing."}, {"start": "00:23:43", "end": "00:23:49", "text": "Eventually the coffers empty. The amount"}, {"start": "00:23:46", "end": "00:23:52", "text": "of Bitcoin left for trade available for"}, {"start": "00:23:49", "end": "00:23:54", "text": "the public disappears. These people"}, {"start": "00:23:52", "end": "00:23:57", "text": "aren't talking about a million dollar"}, {"start": "00:23:54", "end": "00:23:59", "text": "Bitcoin because it sounds fun. It is"}, {"start": "00:23:57", "end": "00:24:01", "text": "mathematically going to happen if"}, {"start": "00:23:59", "end": "00:24:03", "text": "Bitcoin continues to become more scarce"}, {"start": "00:24:01", "end": "00:24:06", "text": "and there's none of it left to like for"}, {"start": "00:24:03", "end": "00:24:09", "text": "people to actually have. It'll thin out."}, {"start": "00:24:06", "end": "00:24:10", "text": "That's the idea of like stack and sats."}, {"start": "00:24:09", "end": "00:24:12", "text": "If Bitcoin continues going up in price,"}, {"start": "00:24:10", "end": "00:24:14", "text": "it's because a lot of it is being held."}, {"start": "00:24:12", "end": "00:24:15", "text": "A lot of it is being hoarded. So"}, {"start": "00:24:14", "end": "00:24:17", "text": "therefore, like we're literally just"}, {"start": "00:24:15", "end": "00:24:19", "text": "moving Satoshi's around. But that"}, {"start": "00:24:17", "end": "00:24:22", "text": "Satoshi's like it ends up gaining huge"}, {"start": "00:24:19", "end": "00:24:25", "text": "amounts of value as well. I saw people"}, {"start": "00:24:22", "end": "00:24:28", "text": "the other day on on Twitter. I was"}, {"start": "00:24:25", "end": "00:24:31", "text": "clicking around and I saw so many people"}, {"start": "00:24:28", "end": "00:24:33", "text": "talking about like um they weren't"}, {"start": "00:24:31", "end": "00:24:35", "text": "talking about altcoin season. They were"}, {"start": "00:24:33", "end": "00:24:37", "text": "like specifically going after like meme"}, {"start": "00:24:35", "end": "00:24:39", "text": "coins. Some of these coins had like"}, {"start": "00:24:37", "end": "00:24:43", "text": "$14,000"}, {"start": "00:24:39", "end": "00:24:45", "text": "worth of volume in a day. 14,000, not 14"}, {"start": "00:24:43", "end": "00:24:47", "text": "million, not 14 billion. And they were"}, {"start": "00:24:45", "end": "00:24:48", "text": "trying to hype these up to other people"}, {"start": "00:24:47", "end": "00:24:49", "text": "or like being like, I just bought a"}, {"start": "00:24:48", "end": "00:24:52", "text": "whole bunch of them. And I sat there and"}, {"start": "00:24:49", "end": "00:24:53", "text": "I'm like, why? Why are you doing this?"}, {"start": "00:24:52", "end": "00:24:55", "text": "Why are you trying to lie to these"}, {"start": "00:24:53", "end": "00:24:59", "text": "people? Why are you maybe even lying to"}, {"start": "00:24:55", "end": "00:25:01", "text": "yourself? What part about Bitcoin,"}, {"start": "00:24:59", "end": "00:25:02", "text": "Ethereum, and XRP are you not"}, {"start": "00:25:01", "end": "00:25:04", "text": "understanding? like and what's not"}, {"start": "00:25:02", "end": "00:25:07", "text": "getting into your noggin. What part have"}, {"start": "00:25:04", "end": "00:25:10", "text": "you not captured yet in your imagination"}, {"start": "00:25:07", "end": "00:25:12", "text": "that this is going to be a thing?"}, {"start": "00:25:10", "end": "00:25:16", "text": "We had news a day or two ago if you if"}, {"start": "00:25:12", "end": "00:25:19", "text": "you manage to miss it. Um I forgot the"}, {"start": "00:25:16", "end": "00:25:22", "text": "name of the company. They have uh the"}, {"start": "00:25:19", "end": "00:25:23", "text": "Dogecoin ETF and they announced that"}, {"start": "00:25:22", "end": "00:25:25", "text": "they're shutting it down. Like there's"}, {"start": "00:25:23", "end": "00:25:26", "text": "no volume. And a lot of people online"}, {"start": "00:25:25", "end": "00:25:30", "text": "were like, \"Well, that makes no sense. I"}, {"start": "00:25:26", "end": "00:25:32", "text": "love Dogecoin.\" that at what point in"}, {"start": "00:25:30", "end": "00:25:37", "text": "the last two years did you hear Black"}, {"start": "00:25:32", "end": "00:25:37", "text": "Rockck even say the word Doge?"}, {"start": "00:25:37", "end": "00:25:43", "text": "Like what what are what are we missing?"}, {"start": "00:25:40", "end": "00:25:44", "text": "Cuz this happens all the and it makes me"}, {"start": "00:25:43", "end": "00:25:46", "text": "so sad. This happens all the time. I"}, {"start": "00:25:44", "end": "00:25:48", "text": "told you I used to tell people like"}, {"start": "00:25:46", "end": "00:25:50", "text": "really simple investments to put their"}, {"start": "00:25:48", "end": "00:25:52", "text": "money into and it only makes sense to"}, {"start": "00:25:50", "end": "00:25:53", "text": "them a decade later when they can't pay"}, {"start": "00:25:52", "end": "00:25:54", "text": "their rent, when they're doing really"}, {"start": "00:25:53", "end": "00:25:56", "text": "bad, when they have no money, when"}, {"start": "00:25:54", "end": "00:25:57", "text": "they're struggling that they come to me"}, {"start": "00:25:56", "end": "00:25:58", "text": "and they go, \"Remember you were telling"}, {"start": "00:25:57", "end": "00:26:00", "text": "me that thing a decade ago about?\" And I"}, {"start": "00:25:58", "end": "00:26:03", "text": "was like, \"Yes, that was 10 years ago.\""}, {"start": "00:26:00", "end": "00:26:05", "text": "And then they they have this idea that"}, {"start": "00:26:03", "end": "00:26:06", "text": "they'll be a listen cuz I'm sure it"}, {"start": "00:26:05", "end": "00:26:08", "text": "happens to a lot of you as well. They"}, {"start": "00:26:06", "end": "00:26:09", "text": "have this idea that they'll be able to"}, {"start": "00:26:08", "end": "00:26:11", "text": "jump into the market like the the same"}, {"start": "00:26:09", "end": "00:26:13", "text": "market I was telling them. It can be"}, {"start": "00:26:11", "end": "00:26:15", "text": "art, it can be crypto, it can be"}, {"start": "00:26:13", "end": "00:26:17", "text": "whatever. doesn't even matter. They"}, {"start": "00:26:15", "end": "00:26:19", "text": "think that, okay, well, I I missed the"}, {"start": "00:26:17", "end": "00:26:20", "text": "last decade. So now if I put a dollar"}, {"start": "00:26:19", "end": "00:26:22", "text": "in, that's going to become a thousand"}, {"start": "00:26:20", "end": "00:26:25", "text": "dollars, right? And I'm like, no, you"}, {"start": "00:26:22", "end": "00:26:27", "text": "would need like another decade"}, {"start": "00:26:25", "end": "00:26:28", "text": "of time to go forward. And they roll"}, {"start": "00:26:27", "end": "00:26:30", "text": "their eyes and like, well, I'm not"}, {"start": "00:26:28", "end": "00:26:32", "text": "waiting until 2036. And it's like, and"}, {"start": "00:26:30", "end": "00:26:34", "text": "then 2036, I'll see them complaining"}, {"start": "00:26:32", "end": "00:26:36", "text": "about stuff. We'll have the same"}, {"start": "00:26:34", "end": "00:26:39", "text": "conversation."}, {"start": "00:26:36", "end": "00:26:42", "text": "Why do people do this? And I if if you"}, {"start": "00:26:39", "end": "00:26:45", "text": "have an answer for me, please I I I"}, {"start": "00:26:42", "end": "00:26:48", "text": "would I would honestly love one. I think"}, {"start": "00:26:45", "end": "00:26:50", "text": "about this so often"}, {"start": "00:26:48", "end": "00:26:52", "text": "when it comes to real estate, when it"}, {"start": "00:26:50", "end": "00:26:54", "text": "comes to art, when it comes to crypto,"}, {"start": "00:26:52", "end": "00:26:55", "text": "when it comes to like collectibles, you"}, {"start": "00:26:54", "end": "00:26:56", "text": "know, the collectibles market. And once"}, {"start": "00:26:55", "end": "00:26:58", "text": "again, I'm not telling you to get into"}, {"start": "00:26:56", "end": "00:27:00", "text": "collectibles, but I'm just trying to"}, {"start": "00:26:58", "end": "00:27:02", "text": "explain something to you. I have all"}, {"start": "00:27:00", "end": "00:27:03", "text": "this stuff in my head. There's so many"}, {"start": "00:27:02", "end": "00:27:04", "text": "different ways to make money. There's so"}, {"start": "00:27:03", "end": "00:27:06", "text": "many different ways to invest. There's"}, {"start": "00:27:04", "end": "00:27:06", "text": "so many different ways to become a"}, {"start": "00:27:06", "end": "00:27:11", "text": "millionaire. There's so many different"}, {"start": "00:27:06", "end": "00:27:13", "text": "ways to like build wealth and a future"}, {"start": "00:27:11", "end": "00:27:15", "text": "for you and your family. And a lot of"}, {"start": "00:27:13", "end": "00:27:18", "text": "times people just run towards like the"}, {"start": "00:27:15", "end": "00:27:21", "text": "new shiny thing as opposed to like what"}, {"start": "00:27:18", "end": "00:27:23", "text": "we're actually getting established news"}, {"start": "00:27:21", "end": "00:27:26", "text": "about."}, {"start": "00:27:23", "end": "00:27:29", "text": "So I'm"}, {"start": "00:27:26", "end": "00:27:31", "text": "I'm certain"}, {"start": "00:27:29", "end": "00:27:34", "text": "I'm certain that Bitcoin is going to go"}, {"start": "00:27:31", "end": "00:27:37", "text": "over a million. I I tell you that as as"}, {"start": "00:27:34", "end": "00:27:39", "text": "my own idea, not as what the future will"}, {"start": "00:27:37", "end": "00:27:42", "text": "be. This is this isn't this isn't my"}, {"start": "00:27:39", "end": "00:27:43", "text": "head."}, {"start": "00:27:42", "end": "00:27:45", "text": "So many people are going to realize that"}, {"start": "00:27:43", "end": "00:27:47", "text": "they missed out and there will be no"}, {"start": "00:27:45", "end": "00:27:50", "text": "coming back."}, {"start": "00:27:47", "end": "00:27:53", "text": "I think we have entered"}, {"start": "00:27:50", "end": "00:27:56", "text": "this time in human history"}, {"start": "00:27:53", "end": "00:27:59", "text": "where like assets just will not ever"}, {"start": "00:27:56", "end": "00:28:01", "text": "move backwards."}, {"start": "00:27:59", "end": "00:28:02", "text": "I'm trying to think of some movies for"}, {"start": "00:28:01", "end": "00:28:05", "text": "you to watch. If you haven't seen"}, {"start": "00:28:02", "end": "00:28:07", "text": "Alisium, Alisium is a really good one."}, {"start": "00:28:05", "end": "00:28:10", "text": "Ah, there's so many other ones. Like,"}, {"start": "00:28:07", "end": "00:28:13", "text": "the future always looks the same"}, {"start": "00:28:10", "end": "00:28:16", "text": "in these movies and in my head because"}, {"start": "00:28:13", "end": "00:28:18", "text": "this is the direction that it's going."}, {"start": "00:28:16", "end": "00:28:20", "text": "Like, the rich people are rich. Like,"}, {"start": "00:28:18", "end": "00:28:22", "text": "they're not like just well off. They own"}, {"start": "00:28:20", "end": "00:28:24", "text": "all the assets. They own everything"}, {"start": "00:28:22", "end": "00:28:27", "text": "because they've been accumulating them"}, {"start": "00:28:24", "end": "00:28:29", "text": "over the course of the last 100 years."}, {"start": "00:28:27", "end": "00:28:30", "text": "So when you own all the assets, when you"}, {"start": "00:28:29", "end": "00:28:33", "text": "own all the gold and you're not selling"}, {"start": "00:28:30", "end": "00:28:34", "text": "any of it, when you own all the crypto"}, {"start": "00:28:33", "end": "00:28:38", "text": "and the only thing that you're using or"}, {"start": "00:28:34", "end": "00:28:41", "text": "selling is like the coins that you get"}, {"start": "00:28:38", "end": "00:28:43", "text": "from like staking, like people using"}, {"start": "00:28:41", "end": "00:28:45", "text": "Flare tokens or using like the Babylon"}, {"start": "00:28:43", "end": "00:28:47", "text": "tokens,"}, {"start": "00:28:45", "end": "00:28:49", "text": "if they own all the homes, if they own"}, {"start": "00:28:47", "end": "00:28:50", "text": "all the land,"}, {"start": "00:28:49", "end": "00:28:56", "text": "everyone else who doesn't have those"}, {"start": "00:28:50", "end": "00:28:56", "text": "assets will never catch up to them ever."}, {"start": "00:28:58", "end": "00:29:04", "text": "Sorry for the rant, but it's just this"}, {"start": "00:29:01", "end": "00:29:05", "text": "it's I find it exhausting sometimes."}, {"start": "00:29:04", "end": "00:29:07", "text": "When I was younger, I used to think that"}, {"start": "00:29:05", "end": "00:29:09", "text": "people were joking."}, {"start": "00:29:07", "end": "00:29:10", "text": "People can complain for years about some"}, {"start": "00:29:09", "end": "00:29:12", "text": "kind of like an economic thing and then"}, {"start": "00:29:10", "end": "00:29:14", "text": "do nothing about it. And then when"}, {"start": "00:29:12", "end": "00:29:17", "text": "they're confronted with that thing"}, {"start": "00:29:14", "end": "00:29:19", "text": "again, they don't go, \"Wait, I had the"}, {"start": "00:29:17", "end": "00:29:23", "text": "same problem 10 years ago. Let me shape"}, {"start": "00:29:19", "end": "00:29:25", "text": "up.\" And they don't."}, {"start": "00:29:23", "end": "00:29:27", "text": "and and and and and I don't know if it's"}, {"start": "00:29:25", "end": "00:29:30", "text": "because people just want to be able to"}, {"start": "00:29:27", "end": "00:29:32", "text": "say that they're in some kind of"}, {"start": "00:29:30", "end": "00:29:36", "text": "precarious economic situation so that"}, {"start": "00:29:32", "end": "00:29:39", "text": "they can vibe with their friends. If"}, {"start": "00:29:36", "end": "00:29:41", "text": "it's if it's that they're too lazy, that"}, {"start": "00:29:39", "end": "00:29:45", "text": "might also be a factor. If if they have"}, {"start": "00:29:41", "end": "00:29:46", "text": "an idea of becoming rich, but like you"}, {"start": "00:29:45", "end": "00:29:48", "text": "don't really want to do what you need to"}, {"start": "00:29:46", "end": "00:29:49", "text": "do."}, {"start": "00:29:48", "end": "00:29:51", "text": "That's all that I can think of"}, {"start": "00:29:49", "end": "00:29:52", "text": "sometimes. Like like there there has to"}, {"start": "00:29:51", "end": "00:29:55", "text": "be one of those answers, right? It has"}, {"start": "00:29:52", "end": "00:29:57", "text": "to be some kind of a"}, {"start": "00:29:55", "end": "00:29:59", "text": "a thing."}, {"start": "00:29:57", "end": "00:30:01", "text": "Getting rich isn't difficult. It just"}, {"start": "00:29:59", "end": "00:30:02", "text": "takes time."}, {"start": "00:30:01", "end": "00:30:04", "text": "That's the part that so many people miss"}, {"start": "00:30:02", "end": "00:30:06", "text": "out on. Everybody wants to live their"}, {"start": "00:30:04", "end": "00:30:07", "text": "best life in their 20s and then they're"}, {"start": "00:30:06", "end": "00:30:09", "text": "miserable in their 40s. And then you"}, {"start": "00:30:07", "end": "00:30:13", "text": "have to understand that even in your"}, {"start": "00:30:09", "end": "00:30:14", "text": "40s, you can still save."}, {"start": "00:30:13", "end": "00:30:16", "text": "If you're in your 40s and you have no"}, {"start": "00:30:14", "end": "00:30:18", "text": "retirement savings, if you put away"}, {"start": "00:30:16", "end": "00:30:20", "text": "$500,"}, {"start": "00:30:18", "end": "00:30:21", "text": "by the time you would a couple years"}, {"start": "00:30:20", "end": "00:30:26", "text": "before you're meant to retire, you have"}, {"start": "00:30:21", "end": "00:30:26", "text": "an extra $120,000 to lean on."}, {"start": "00:30:26", "end": "00:30:33", "text": "Like it's it it's all possible and and"}, {"start": "00:30:31", "end": "00:30:35", "text": "yeah, it's just it's just all"}, {"start": "00:30:33", "end": "00:30:37", "text": "frustrating to me. Anyway, I did that"}, {"start": "00:30:35", "end": "00:30:39", "text": "that that was not the direction this"}, {"start": "00:30:37", "end": "00:30:42", "text": "video was supposed to have gone. Uh but"}, {"start": "00:30:39", "end": "00:30:43", "text": "it's where it's went. Um yeah. No,"}, {"start": "00:30:42", "end": "00:30:44", "text": "they're like they're buying up all the"}, {"start": "00:30:43", "end": "00:30:46", "text": "crypto, they're buying up all the land,"}, {"start": "00:30:44", "end": "00:30:49", "text": "they're buying up all the homes, they"}, {"start": "00:30:46", "end": "00:30:53", "text": "will own everything."}, {"start": "00:30:49", "end": "00:30:56", "text": "And I and I I exist in a in a in a world"}, {"start": "00:30:53", "end": "00:30:57", "text": "where I hang out with people or I talk"}, {"start": "00:30:56", "end": "00:30:59", "text": "to people or we, you know, we have"}, {"start": "00:30:57", "end": "00:31:01", "text": "discussions and they tell me these"}, {"start": "00:30:59", "end": "00:31:03", "text": "things about like having trouble with my"}, {"start": "00:31:01", "end": "00:31:05", "text": "rent and I can't do this and I can't do"}, {"start": "00:31:03", "end": "00:31:06", "text": "that. And then I hang out with them."}, {"start": "00:31:05", "end": "00:31:09", "text": "Like I I I continue sitting there just"}, {"start": "00:31:06", "end": "00:31:11", "text": "listening to a normal conversation and I"}, {"start": "00:31:09", "end": "00:31:12", "text": "see what they're like actually spending"}, {"start": "00:31:11", "end": "00:31:14", "text": "their money on and where their money"}, {"start": "00:31:12", "end": "00:31:16", "text": "goes."}, {"start": "00:31:14", "end": "00:31:18", "text": "I see that they're not saving. I see"}, {"start": "00:31:16", "end": "00:31:20", "text": "that they're constantly buying new"}, {"start": "00:31:18", "end": "00:31:22", "text": "articles of clothing. They're buy like"}, {"start": "00:31:20", "end": "00:31:23", "text": "they're working on getting a new car."}, {"start": "00:31:22", "end": "00:31:25", "text": "Like the old car works fine, but they"}, {"start": "00:31:23", "end": "00:31:27", "text": "want to lease a new one. They like they"}, {"start": "00:31:25", "end": "00:31:29", "text": "need to go on vacation. Like I have to"}, {"start": "00:31:27", "end": "00:31:30", "text": "travel somewhere. And then I'm like okay"}, {"start": "00:31:29", "end": "00:31:33", "text": "that in my mind I'm like that's where"}, {"start": "00:31:30", "end": "00:31:35", "text": "all your money is going."}, {"start": "00:31:33", "end": "00:31:38", "text": "It's"}, {"start": "00:31:35", "end": "00:31:40", "text": "well, I hope that all of you are doing"}, {"start": "00:31:38", "end": "00:31:44", "text": "whatever you can to make sure that you"}, {"start": "00:31:40", "end": "00:31:46", "text": "have more money in the future. Um,"}, {"start": "00:31:44", "end": "00:31:48", "text": "just take that how you will because I"}, {"start": "00:31:46", "end": "00:31:50", "text": "know a lot of people even listening to"}, {"start": "00:31:48", "end": "00:31:50", "text": "this, the moment you click away from the"}, {"start": "00:31:50", "end": "00:31:52", "text": "video, you're going to be like, \"Okay,"}, {"start": "00:31:50", "end": "00:31:53", "text": "whatever.\" And you'll keep spending"}, {"start": "00:31:52", "end": "00:31:55", "text": "money. You'll wonder where it went and"}, {"start": "00:31:53", "end": "00:31:56", "text": "you won't have any in your bank account."}, {"start": "00:31:55", "end": "00:31:59", "text": "You won't have any invested. You won't"}, {"start": "00:31:56", "end": "00:32:00", "text": "have any saved. And then in the 2030s,"}, {"start": "00:31:59", "end": "00:32:03", "text": "you'll be like, \"I don't understand why"}, {"start": "00:32:00", "end": "00:32:04", "text": "things are so bad. this is so unfair."}, {"start": "00:32:03", "end": "00:32:07", "text": "You know how often I hear people say"}, {"start": "00:32:04", "end": "00:32:09", "text": "this is so unfair and these are like"}, {"start": "00:32:07", "end": "00:32:11", "text": "able-bodied people. These are people who"}, {"start": "00:32:09", "end": "00:32:13", "text": "went to school like there's nothing like"}, {"start": "00:32:11", "end": "00:32:14", "text": "you know and I air quote here wrong with"}, {"start": "00:32:13", "end": "00:32:16", "text": "them."}, {"start": "00:32:14", "end": "00:32:18", "text": "They just spend all their money all the"}, {"start": "00:32:16", "end": "00:32:19", "text": "time. They want to keep playing games"}, {"start": "00:32:18", "end": "00:32:22", "text": "and they want to keep doing this. And"}, {"start": "00:32:19", "end": "00:32:24", "text": "it's like didn't you realize that when"}, {"start": "00:32:22", "end": "00:32:25", "text": "your parents couldn't retire that that"}, {"start": "00:32:24", "end": "00:32:27", "text": "might be an issue? You didn't think of"}, {"start": "00:32:25", "end": "00:32:29", "text": "like shaping up. All your other friends"}, {"start": "00:32:27", "end": "00:32:31", "text": "are complaining about money. nothing is"}, {"start": "00:32:29", "end": "00:32:33", "text": "telling you to like learn about finance."}, {"start": "00:32:31", "end": "00:32:34", "text": "I had a conversation with somebody one"}, {"start": "00:32:33", "end": "00:32:36", "text": "time. We were talking about money and"}, {"start": "00:32:34", "end": "00:32:40", "text": "crypto and investing. And they they were"}, {"start": "00:32:36", "end": "00:32:42", "text": "asking if I if I went to school for"}, {"start": "00:32:40", "end": "00:32:43", "text": "uh what's the word, not economics, but"}, {"start": "00:32:42", "end": "00:32:45", "text": "like you know like for for money"}, {"start": "00:32:43", "end": "00:32:46", "text": "matters. And I was like no, I taught"}, {"start": "00:32:45", "end": "00:32:49", "text": "myself. And she was like really? And I"}, {"start": "00:32:46", "end": "00:32:51", "text": "was like yes. I was like you just have"}, {"start": "00:32:49", "end": "00:32:53", "text": "to read. You just have to absorb"}, {"start": "00:32:51", "end": "00:32:55", "text": "information. And like it's kind of"}, {"start": "00:32:53", "end": "00:32:56", "text": "relatively repetitive once you learn"}, {"start": "00:32:55", "end": "00:32:58", "text": "what a security is, once you learn what"}, {"start": "00:32:56", "end": "00:33:02", "text": "a commodity is, what the SEC is, what"}, {"start": "00:32:58", "end": "00:33:04", "text": "the CFTC does, what inflation rates are,"}, {"start": "00:33:02", "end": "00:33:07", "text": "like what they have to do with interest"}, {"start": "00:33:04", "end": "00:33:08", "text": "rates, what bonds do. Once you have like"}, {"start": "00:33:07", "end": "00:33:10", "text": "the core stuff, everything else just"}, {"start": "00:33:08", "end": "00:33:12", "text": "kind of falls into place. And I was"}, {"start": "00:33:10", "end": "00:33:14", "text": "like, I can teach you. And she was like,"}, {"start": "00:33:12", "end": "00:33:16", "text": "nah, I've I've never been good at that"}, {"start": "00:33:14", "end": "00:33:21", "text": "stuff. And I was like, okay."}, {"start": "00:33:16", "end": "00:33:23", "text": "All right. Um, well, I hope that at"}, {"start": "00:33:21", "end": "00:33:25", "text": "least some of you pay attention in some"}, {"start": "00:33:23", "end": "00:33:27", "text": "sort of way, that you're better off,"}, {"start": "00:33:25", "end": "00:33:28", "text": "that you have more money in the future,"}, {"start": "00:33:27", "end": "00:33:29", "text": "that you can do what you want to do,"}, {"start": "00:33:28", "end": "00:33:32", "text": "that you can travel where you want to"}, {"start": "00:33:29", "end": "00:33:35", "text": "go, that in 10 years you're sitting on"}, {"start": "00:33:32", "end": "00:33:37", "text": "an extra$100,000, 200, $300,000, that"}, {"start": "00:33:35", "end": "00:33:40", "text": "you so you can buy some property, you"}, {"start": "00:33:37", "end": "00:33:43", "text": "can travel the world,"}, {"start": "00:33:40", "end": "00:33:45", "text": "do something because um,"}, {"start": "00:33:43", "end": "00:33:47", "text": "okay, everyone, that's that's definitely"}, {"start": "00:33:45", "end": "00:33:50", "text": "going to do it for this"}, {"start": "00:33:47", "end": "00:33:51", "text": "I hope you've all enjoyed question mark."}, {"start": "00:33:50", "end": "00:33:53", "text": "Hope you all are having a great day,"}, {"start": "00:33:51", "end": "00:33:55", "text": "morning, afternoon, evening, wherever"}, {"start": "00:33:53", "end": "00:33:57", "text": "you are, wherever you might be. I do"}, {"start": "00:33:55", "end": "00:33:58", "text": "hope it's absolutely fantastic. Thank"}, {"start": "00:33:57", "end": "00:33:59", "text": "you all once again for watching,"}, {"start": "00:33:58", "end": "00:34:01", "text": "listening, liking, commenting, and"}, {"start": "00:33:59", "end": "00:34:04", "text": "supporting. And I will most certainly be"}, {"start": "00:34:01", "end": "00:34:07", "text": "talking to you all soon."}, {"start": "00:34:04", "end": "00:34:07", "text": "See you."}]

[{"start": "00:00:01", "end": "00:00:05", "text": "Hello everybody."}, {"start": "00:00:06", "end": "00:00:15", "text": "Welcome back. [laughter]"}, {"start": "00:00:08", "end": "00:00:17", "text": "Welcome back for another video."}, {"start": "00:00:15", "end": "00:00:20", "text": "Hope you're all doing well. Hope"}, {"start": "00:00:17", "end": "00:00:24", "text": "everyone's doing absolutely fantastic"}, {"start": "00:00:20", "end": "00:00:28", "text": "and that you're all having a great day."}, {"start": "00:00:24", "end": "00:00:33", "text": "A very big thank you to Livio C, FT"}, {"start": "00:00:28", "end": "00:00:37", "text": "Clown, Lyall Austin, Alec Xander the"}, {"start": "00:00:33", "end": "00:00:42", "text": "Greek, Gypsy Queen, Trent Jackson,"}, {"start": "00:00:37", "end": "00:00:44", "text": "Gilboa Snake, Finley Bass."}, {"start": "00:00:42", "end": "00:00:46", "text": "Very big thank you to all of my Patreon"}, {"start": "00:00:44", "end": "00:00:48", "text": "supporters. Very big thank you to"}, {"start": "00:00:46", "end": "00:00:52", "text": "everyone who leaves a like, who leaves a"}, {"start": "00:00:48", "end": "00:00:55", "text": "comment, and who goes through the um"}, {"start": "00:00:52", "end": "00:00:58", "text": "description box. Sure. Why not? I didn't"}, {"start": "00:00:55", "end": "00:01:01", "text": "know what else to what else to say. And"}, {"start": "00:00:58", "end": "00:01:03", "text": "without any further ado, everyone,"}, {"start": "00:01:01", "end": "00:01:05", "text": "welcome back. How's everyone doing?"}, {"start": "00:01:03", "end": "00:01:07", "text": "How's everyone been? What have you been"}, {"start": "00:01:05", "end": "00:01:09", "text": "up to? What's new in your life? What"}, {"start": "00:01:07", "end": "00:01:14", "text": "have you been investing in?"}, {"start": "00:01:09", "end": "00:01:14", "text": "How are you? Uh,"}, {"start": "00:01:14", "end": "00:01:19", "text": "so"}, {"start": "00:01:16", "end": "00:01:21", "text": "as we've been going over the last few"}, {"start": "00:01:19", "end": "00:01:23", "text": "months, Oh, also, I mean, listen, no,"}, {"start": "00:01:21", "end": "00:01:25", "text": "no, no, no, no, no, no, no, no, no."}, {"start": "00:01:23", "end": "00:01:28", "text": "Let's let's be even more exact than"}, {"start": "00:01:25", "end": "00:01:32", "text": "that. The last two days, uh, we've had a"}, {"start": "00:01:28", "end": "00:01:34", "text": "a pretty hefty amount of news regarding"}, {"start": "00:01:32", "end": "00:01:38", "text": "like"}, {"start": "00:01:34", "end": "00:01:40", "text": "nearer movements for the cryptocurrency"}, {"start": "00:01:38", "end": "00:01:42", "text": "space. If you've missed it at any point"}, {"start": "00:01:40", "end": "00:01:46", "text": "at all,"}, {"start": "00:01:42", "end": "00:01:48", "text": "it doesn't matter what's happening with"}, {"start": "00:01:46", "end": "00:01:51", "text": "interest rates. It doesn't matter what's"}, {"start": "00:01:48", "end": "00:01:55", "text": "happening seemingly seemingly with any"}, {"start": "00:01:51", "end": "00:01:58", "text": "world events. Uh we keep getting tons of"}, {"start": "00:01:55", "end": "00:02:01", "text": "companies buying more crypto news. We're"}, {"start": "00:01:58", "end": "00:02:04", "text": "getting a lot of like really really"}, {"start": "00:02:01", "end": "00:02:07", "text": "intense price predictions. This is all"}, {"start": "00:02:04", "end": "00:02:09", "text": "seemingly"}, {"start": "00:02:07", "end": "00:02:14", "text": "seemingly resting partially on the"}, {"start": "00:02:09", "end": "00:02:17", "text": "shoulders of the 6th of October. If you"}, {"start": "00:02:14", "end": "00:02:20", "text": "missed yesterday, there are all these"}, {"start": "00:02:17", "end": "00:02:22", "text": "people discussing the opportunity of the"}, {"start": "00:02:20", "end": "00:02:25", "text": "cryptocurrency market going up over the"}, {"start": "00:02:22", "end": "00:02:28", "text": "course of 1,64"}, {"start": "00:02:25", "end": "00:02:31", "text": "days. I finally remembered the exact"}, {"start": "00:02:28", "end": "00:02:34", "text": "number and basically that beginning to"}, {"start": "00:02:31", "end": "00:02:38", "text": "start. I told you before a lot of these"}, {"start": "00:02:34", "end": "00:02:40", "text": "companies they are announcing to us that"}, {"start": "00:02:38", "end": "00:02:44", "text": "they are expecting much higher"}, {"start": "00:02:40", "end": "00:02:46", "text": "cryptocurrency prices which leads me to"}, {"start": "00:02:44", "end": "00:02:49", "text": "believe that they also then believe that"}, {"start": "00:02:46", "end": "00:02:52", "text": "prices are going to move up as well."}, {"start": "00:02:49", "end": "00:02:55", "text": "This is why I think we are constantly"}, {"start": "00:02:52", "end": "00:02:58", "text": "seeing uh news about companies buying"}, {"start": "00:02:55", "end": "00:03:03", "text": "more crypto, investing more, moving more"}, {"start": "00:02:58", "end": "00:03:05", "text": "into the space. Um, yeah. So, of course,"}, {"start": "00:03:03", "end": "00:03:06", "text": "in"}, {"start": "00:03:05", "end": "00:03:10", "text": "the hairy"}, {"start": "00:03:06", "end": "00:03:12", "text": "popular news, Micro Strategy is of"}, {"start": "00:03:10", "end": "00:03:16", "text": "course back. If you didn't see, there"}, {"start": "00:03:12", "end": "00:03:19", "text": "was a a great wave of sadness uh that"}, {"start": "00:03:16", "end": "00:03:21", "text": "moved through the cryptocurrency market"}, {"start": "00:03:19", "end": "00:03:26", "text": "uh the last few days because it was"}, {"start": "00:03:21", "end": "00:03:29", "text": "reported that Micro Strategy uh recently"}, {"start": "00:03:26", "end": "00:03:32", "text": "did not buy any more Bitcoin. They"}, {"start": "00:03:29", "end": "00:03:35", "text": "instead opted to I think they purchased"}, {"start": "00:03:32", "end": "00:03:38", "text": "what like 195 million. It was some"}, {"start": "00:03:35", "end": "00:03:41", "text": "gargantuan number. a huge amount of"}, {"start": "00:03:38", "end": "00:03:46", "text": "money they pushed uh into uh buying"}, {"start": "00:03:41", "end": "00:03:50", "text": "their stock back to give investors"}, {"start": "00:03:46", "end": "00:03:52", "text": "support, strength, help. I I I I don't"}, {"start": "00:03:50", "end": "00:03:55", "text": "really know into understanding that"}, {"start": "00:03:52", "end": "00:03:58", "text": "Micro Strategy is actually serious about"}, {"start": "00:03:55", "end": "00:04:01", "text": "their uh stock."}, {"start": "00:03:58", "end": "00:04:05", "text": "That's the long and short of it. Uh, so"}, {"start": "00:04:01", "end": "00:04:10", "text": "I guess to reassure people around the"}, {"start": "00:04:05", "end": "00:04:14", "text": "world, the CEO of Micro Strategy is now"}, {"start": "00:04:10", "end": "00:04:17", "text": "in the news. His name is Ponga. I assume"}, {"start": "00:04:14", "end": "00:04:20", "text": "it's not Lee because it's only one E."}, {"start": "00:04:17", "end": "00:04:26", "text": "strategy CEO, his name is Fongl, said"}, {"start": "00:04:20", "end": "00:04:29", "text": "Bitcoin is entering a strong bull market"}, {"start": "00:04:26", "end": "00:04:32", "text": "and the company has no plans to sell its"}, {"start": "00:04:29", "end": "00:04:35", "text": "Bitcoin holdings. Listen, don't say that"}, {"start": "00:04:32", "end": "00:04:36", "text": "out loud because the last time someone"}, {"start": "00:04:35", "end": "00:04:38", "text": "said that they ended up selling their"}, {"start": "00:04:36", "end": "00:04:41", "text": "Bitcoin."}, {"start": "00:04:38", "end": "00:04:45", "text": "Speaking in an interview with Bloomberg,"}, {"start": "00:04:41", "end": "00:04:48", "text": "Lur said that strategy will continue its"}, {"start": "00:04:45", "end": "00:04:52", "text": "Bitcoin accumulation strategy and may"}, {"start": "00:04:48", "end": "00:04:54", "text": "continue buying even if the price rises."}, {"start": "00:04:52", "end": "00:04:57", "text": "Once again, I assume this is some kind"}, {"start": "00:04:54", "end": "00:04:59", "text": "of uh PR thing, public relations, not"}, {"start": "00:04:57", "end": "00:05:03", "text": "Puerto Rico, uh thing that they have"}, {"start": "00:04:59", "end": "00:05:05", "text": "going on. I think many I think I think I"}, {"start": "00:05:03", "end": "00:05:08", "text": "think most people have kind of moved"}, {"start": "00:05:05", "end": "00:05:11", "text": "past the idea of there being some kind"}, {"start": "00:05:08", "end": "00:05:13", "text": "of detrimental market movement if Micro"}, {"start": "00:05:11", "end": "00:05:15", "text": "Strategy does sell some of their"}, {"start": "00:05:13", "end": "00:05:18", "text": "Bitcoin. They sold their Bitcoin prices"}, {"start": "00:05:15", "end": "00:05:21", "text": "a week later ended up moving upwards. I"}, {"start": "00:05:18", "end": "00:05:23", "text": "don't think that's on the minds of many"}, {"start": "00:05:21", "end": "00:05:25", "text": "uh people right now. There seems to"}, {"start": "00:05:23", "end": "00:05:28", "text": "still be as I as I as I as I went over"}, {"start": "00:05:25", "end": "00:05:33", "text": "recently, there seems to be some kind of"}, {"start": "00:05:28", "end": "00:05:36", "text": "a an annoyance by many investors when"}, {"start": "00:05:33", "end": "00:05:39", "text": "the news isn't that Micro Strategy"}, {"start": "00:05:36", "end": "00:05:42", "text": "purchased more. Uh, if the news is that"}, {"start": "00:05:39", "end": "00:05:44", "text": "Micro Strategy used money to make sure"}, {"start": "00:05:42", "end": "00:05:46", "text": "that their business doesn't collapse or"}, {"start": "00:05:44", "end": "00:05:49", "text": "they used it to buy back some of their"}, {"start": "00:05:46", "end": "00:05:51", "text": "own stock or they put it into a bank"}, {"start": "00:05:49", "end": "00:05:53", "text": "account to have enough money to be able"}, {"start": "00:05:51", "end": "00:05:58", "text": "to pay their dividend, that for some"}, {"start": "00:05:53", "end": "00:06:00", "text": "reason is like saddening to people in"}, {"start": "00:05:58", "end": "00:06:03", "text": "the crypto space. So, this is why I"}, {"start": "00:06:00", "end": "00:06:06", "text": "assume uh the CEO and also Michael"}, {"start": "00:06:03", "end": "00:06:09", "text": "Sailor have both announced separately"}, {"start": "00:06:06", "end": "00:06:12", "text": "that they do indeed plan on buying more"}, {"start": "00:06:09", "end": "00:06:17", "text": "Bitcoin. But once again,"}, {"start": "00:06:12", "end": "00:06:17", "text": "they already have 800,000"}, {"start": "00:06:19", "end": "00:06:22", "text": "Bitcoin."}, {"start": "00:06:22", "end": "00:06:29", "text": "L stated that the company would continue"}, {"start": "00:06:26", "end": "00:06:31", "text": "to make purchases even if Bitcoin"}, {"start": "00:06:29", "end": "00:06:33", "text": "reached 80,000,"}, {"start": "00:06:31", "end": "00:06:37", "text": "90,000,"}, {"start": "00:06:33", "end": "00:06:39", "text": "100,000, or even wow"}, {"start": "00:06:37", "end": "00:06:43", "text": "130,000"}, {"start": "00:06:39", "end": "00:06:47", "text": "per coin. The strategy CEO said that if"}, {"start": "00:06:43", "end": "00:06:51", "text": "Bitcoin were to reach $260,000"}, {"start": "00:06:47", "end": "00:06:55", "text": "in the future, investors would still"}, {"start": "00:06:51", "end": "00:06:59", "text": "consider purchases made at $130,000"}, {"start": "00:06:55", "end": "00:07:02", "text": "per Bitcoin as a successful investment"}, {"start": "00:06:59", "end": "00:07:05", "text": "in retrospect. And I mean also"}, {"start": "00:07:02", "end": "00:07:07", "text": "realistically, just kind of if we can be"}, {"start": "00:07:05", "end": "00:07:10", "text": "logical with ourselves here, if if"}, {"start": "00:07:07", "end": "00:07:11", "text": "Bitcoin goes to a quarter of a million"}, {"start": "00:07:10", "end": "00:07:14", "text": "dollars, it means the US dollar is not"}, {"start": "00:07:11", "end": "00:07:17", "text": "doing too hot. If Bitcoin goes to half a"}, {"start": "00:07:14", "end": "00:07:20", "text": "million dollars, it it all but means to"}, {"start": "00:07:17", "end": "00:07:23", "text": "me, this is a personal thing, uh that"}, {"start": "00:07:20", "end": "00:07:27", "text": "Bitcoin's more than likely going to go"}, {"start": "00:07:23", "end": "00:07:30", "text": "to a a a million dollars uh per coin. So"}, {"start": "00:07:27", "end": "00:07:32", "text": "I think even in the idea of like a"}, {"start": "00:07:30", "end": "00:07:35", "text": "retrospect is kind of like bizarre just"}, {"start": "00:07:32", "end": "00:07:38", "text": "because Bitcoin going up in price"}, {"start": "00:07:35", "end": "00:07:40", "text": "indicates that US dollar go bye-bye. If"}, {"start": "00:07:38", "end": "00:07:43", "text": "US dollar go bye-bye and Bitcoin go to a"}, {"start": "00:07:40", "end": "00:07:46", "text": "million, that tells me, I mean, in a in"}, {"start": "00:07:43", "end": "00:07:50", "text": "the most dystopian way, that Bitcoin's"}, {"start": "00:07:46", "end": "00:07:53", "text": "probably going to uh $2 million as the"}, {"start": "00:07:50", "end": "00:07:56", "text": "price of gas hits around like $17"}, {"start": "00:07:53", "end": "00:07:58", "text": "and and rent, you know, doubles over the"}, {"start": "00:07:56", "end": "00:08:01", "text": "course of a 12 month period. So, uh"}, {"start": "00:07:58", "end": "00:08:03", "text": "yeah, that's just how I usually uh view"}, {"start": "00:08:01", "end": "00:08:07", "text": "the numbers because inflation is not"}, {"start": "00:08:03", "end": "00:08:09", "text": "going to stop. I don't know who um who"}, {"start": "00:08:07", "end": "00:08:11", "text": "needed to hear that, but uh I've I've"}, {"start": "00:08:09", "end": "00:08:15", "text": "seen people discussing inflation or like"}, {"start": "00:08:11", "end": "00:08:18", "text": "the idea of inflation levels like you"}, {"start": "00:08:15", "end": "00:08:20", "text": "know it's it's 4.7 but if it's like 4.5"}, {"start": "00:08:18", "end": "00:08:22", "text": "then we're good. And it's like no buddy"}, {"start": "00:08:20", "end": "00:08:25", "text": "boy that's still"}, {"start": "00:08:22", "end": "00:08:28", "text": "that's still no bueno. Micro Strategy is"}, {"start": "00:08:25", "end": "00:08:30", "text": "known as one of the largest companies"}, {"start": "00:08:28", "end": "00:08:32", "text": "that places Bitcoin at the center of its"}, {"start": "00:08:30", "end": "00:08:33", "text": "institutional treasury strategy. The"}, {"start": "00:08:32", "end": "00:08:36", "text": "company maintains its long-term"}, {"start": "00:08:33", "end": "00:08:37", "text": "approach, yada yada yada. Fun's recent"}, {"start": "00:08:36", "end": "00:08:39", "text": "statements also indicate that strategy"}, {"start": "00:08:37", "end": "00:08:40", "text": "will not abandon its Bitcoin"}, {"start": "00:08:39", "end": "00:08:44", "text": "accumulation. These people are on the"}, {"start": "00:08:40", "end": "00:08:47", "text": "cusp of becoming trillionaires."}, {"start": "00:08:44", "end": "00:08:49", "text": "There's a, and this isn't even my"}, {"start": "00:08:47", "end": "00:08:51", "text": "opinion, there just is a thing. There's"}, {"start": "00:08:49", "end": "00:08:54", "text": "some kind of a thing in crypto where"}, {"start": "00:08:51", "end": "00:08:56", "text": "people think or assume, and and once"}, {"start": "00:08:54", "end": "00:08:59", "text": "again, not everyone. You can put your"}, {"start": "00:08:56", "end": "00:09:02", "text": "hand down. Uh there's just kind of this"}, {"start": "00:08:59", "end": "00:09:04", "text": "thing where sometimes people assume"}, {"start": "00:09:02", "end": "00:09:07", "text": "that a company is going to make sure"}, {"start": "00:09:04", "end": "00:09:09", "text": "that they go broke."}, {"start": "00:09:07", "end": "00:09:12", "text": "And I don't know where that comes from."}, {"start": "00:09:09", "end": "00:09:15", "text": "So, remember years ago when people when"}, {"start": "00:09:12", "end": "00:09:18", "text": "when Bitcoin maximalists were lying to"}, {"start": "00:09:15", "end": "00:09:21", "text": "people and telling them that Ripple"}, {"start": "00:09:18", "end": "00:09:23", "text": "planned on selling all of their XRP and"}, {"start": "00:09:21", "end": "00:09:25", "text": "then there were many people in the"}, {"start": "00:09:23", "end": "00:09:27", "text": "community outside of the Bitcoin maxis"}, {"start": "00:09:25", "end": "00:09:28", "text": "who were like, \"Oh my gosh, like they're"}, {"start": "00:09:27", "end": "00:09:30", "text": "going to sell all their coins.\" I"}, {"start": "00:09:28", "end": "00:09:32", "text": "remember I made a video and I was like,"}, {"start": "00:09:30", "end": "00:09:35", "text": "\"Why the fudge would they do that? Why"}, {"start": "00:09:32", "end": "00:09:39", "text": "would that make any sense if Ripple did"}, {"start": "00:09:35", "end": "00:09:43", "text": "especially back then have so many XRP?"}, {"start": "00:09:39", "end": "00:09:48", "text": "If you hit the sell button,"}, {"start": "00:09:43", "end": "00:09:50", "text": "you even if they had hit sell at $3, a a"}, {"start": "00:09:48", "end": "00:09:53", "text": "sale of billions of XRP at once would"}, {"start": "00:09:50", "end": "00:09:57", "text": "have driven the price to one cent. These"}, {"start": "00:09:53", "end": "00:10:00", "text": "people would have made maybe like $180"}, {"start": "00:09:57", "end": "00:10:03", "text": "million when they stand to make hundreds"}, {"start": "00:10:00", "end": "00:10:06", "text": "of billions"}, {"start": "00:10:03", "end": "00:10:09", "text": "by keeping their company together, not"}, {"start": "00:10:06", "end": "00:10:10", "text": "flooding the market with XRP and"}, {"start": "00:10:09", "end": "00:10:12", "text": "basically building up their business and"}, {"start": "00:10:10", "end": "00:10:13", "text": "working with world banks. There's"}, {"start": "00:10:12", "end": "00:10:15", "text": "there's a difference between, you know,"}, {"start": "00:10:13", "end": "00:10:17", "text": "100 million sounds I'd love a hundred"}, {"start": "00:10:15", "end": "00:10:21", "text": "million. You know what also sounds"}, {"start": "00:10:17", "end": "00:10:24", "text": "great? about $148 billion dollars just"}, {"start": "00:10:21", "end": "00:10:26", "text": "by simply not"}, {"start": "00:10:24", "end": "00:10:28", "text": "flooding the market with the coin."}, {"start": "00:10:26", "end": "00:10:30", "text": "There's this fear that Micro Strategy at"}, {"start": "00:10:28", "end": "00:10:35", "text": "some point would like sell all of their"}, {"start": "00:10:30", "end": "00:10:37", "text": "coins. If these people are telling us"}, {"start": "00:10:35", "end": "00:10:41", "text": "that they're expecting Bitcoin to go"}, {"start": "00:10:37", "end": "00:10:43", "text": "from 20, 30, 40, 50,000"}, {"start": "00:10:41", "end": "00:10:45", "text": "to a million, do you remember the the"}, {"start": "00:10:43", "end": "00:10:48", "text": "price prediction that Michael Sailor, if"}, {"start": "00:10:45", "end": "00:10:50", "text": "you weren't here, Michael Sailor said"}, {"start": "00:10:48", "end": "00:10:53", "text": "that by the 20 late 2030s or early"}, {"start": "00:10:50", "end": "00:10:55", "text": "2040s, he's expecting what was it like a"}, {"start": "00:10:53", "end": "00:10:58", "text": "a 14"}, {"start": "00:10:55", "end": "00:11:00", "text": "15 16 I forgot the exact number million"}, {"start": "00:10:58", "end": "00:11:03", "text": "dollar Bitcoin."}, {"start": "00:11:00", "end": "00:11:09", "text": "Why would this company sell all of their"}, {"start": "00:11:03", "end": "00:11:11", "text": "coins if they What is that? That's a 10"}, {"start": "00:11:09", "end": "00:11:13", "text": "20."}, {"start": "00:11:11", "end": "00:11:17", "text": "It's like a 100x."}, {"start": "00:11:13", "end": "00:11:21", "text": "Why would Why would Okay. Anyway, cool."}, {"start": "00:11:17", "end": "00:11:23", "text": "So, the CEO of Micro Strategy is in the"}, {"start": "00:11:21", "end": "00:11:25", "text": "news today uh to basically tell us that"}, {"start": "00:11:23", "end": "00:11:29", "text": "they don't plan on selling their Bitcoin"}, {"start": "00:11:25", "end": "00:11:32", "text": "cuz why would you? If you have 800"}, {"start": "00:11:29", "end": "00:11:37", "text": "imagine you had 800 thou listen imagine"}, {"start": "00:11:32", "end": "00:11:39", "text": "you had 800,000 ounces of gold."}, {"start": "00:11:37", "end": "00:11:42", "text": "Now imagine that gold was magical. And"}, {"start": "00:11:39", "end": "00:11:44", "text": "by uh let's use a random word, I don't"}, {"start": "00:11:42", "end": "00:11:46", "text": "know, staking. Imagine you were able to"}, {"start": "00:11:44", "end": "00:11:48", "text": "stake your gold. And as you stake that"}, {"start": "00:11:46", "end": "00:11:50", "text": "gold, you start making like little like"}, {"start": "00:11:48", "end": "00:11:53", "text": "little gold babies, like little little"}, {"start": "00:11:50", "end": "00:11:57", "text": "little coins, little coins of gold. And"}, {"start": "00:11:53", "end": "00:11:59", "text": "then that was also making you 50 million"}, {"start": "00:11:57", "end": "00:12:03", "text": "a month. Why would you get rid of your"}, {"start": "00:11:59", "end": "00:12:04", "text": "800,000 pieces of I don't I don't know"}, {"start": "00:12:03", "end": "00:12:07", "text": "what people you know like there are some"}, {"start": "00:12:04", "end": "00:12:09", "text": "companies that own like 200,000"}, {"start": "00:12:07", "end": "00:12:11", "text": "properties."}, {"start": "00:12:09", "end": "00:12:13", "text": "You think that company's going to be"}, {"start": "00:12:11", "end": "00:12:14", "text": "like, \"Guys, I don't like real estate.\""}, {"start": "00:12:13", "end": "00:12:17", "text": "And then one day they just like sell all"}, {"start": "00:12:14", "end": "00:12:20", "text": "of them."}, {"start": "00:12:17", "end": "00:12:22", "text": "Why do people say, \"Oh, wow. Awesome."}, {"start": "00:12:20", "end": "00:12:25", "text": "Even if even if Bitcoin goes to 130,"}, {"start": "00:12:22", "end": "00:12:26", "text": "they'll still buy more.\" Wow. That's"}, {"start": "00:12:25", "end": "00:12:30", "text": "that's been that's an that's an"}, {"start": "00:12:26", "end": "00:12:33", "text": "inspiration to us all."}, {"start": "00:12:30", "end": "00:12:33", "text": "Okay, [laughter]"}, {"start": "00:12:33", "end": "00:12:41", "text": "let's move on. Awesome. Uh who did buy"}, {"start": "00:12:37", "end": "00:12:43", "text": "again? Yeah, two days ago, uh the com Oh"}, {"start": "00:12:41", "end": "00:12:45", "text": "gosh, the name again. The company"}, {"start": "00:12:43", "end": "00:12:47", "text": "Strive,"}, {"start": "00:12:45", "end": "00:12:51", "text": "not to be confused with Stripe or"}, {"start": "00:12:47", "end": "00:12:53", "text": "Strike. Uh Strive purchased what was it"}, {"start": "00:12:51", "end": "00:12:55", "text": "like 12,000"}, {"start": "00:12:53", "end": "00:12:57", "text": "something like that. 12,000 Bitcoin. No,"}, {"start": "00:12:55", "end": "00:12:59", "text": "no, no, no, no, no, no, no, no. It was"}, {"start": "00:12:57", "end": "00:13:01", "text": "like 1,200. It was like 1,200. It was"}, {"start": "00:12:59", "end": "00:13:04", "text": "like 1,200. It was like 1,200 Bitcoin a"}, {"start": "00:13:01", "end": "00:13:07", "text": "couple of days ago. Uh, they announced"}, {"start": "00:13:04", "end": "00:13:08", "text": "that they wanted to increase and get to"}, {"start": "00:13:07", "end": "00:13:12", "text": "25,000."}, {"start": "00:13:08", "end": "00:13:15", "text": "And lo and behold, here we are. Strive"}, {"start": "00:13:12", "end": "00:13:19", "text": "has lifted their Bitcoin holdings. They"}, {"start": "00:13:15", "end": "00:13:19", "text": "now officially have 25,000"}, {"start": "00:13:19", "end": "00:13:25", "text": "Bitcoin."}, {"start": "00:13:21", "end": "00:13:27", "text": "Geez Louise. Okay. After a $36 million"}, {"start": "00:13:25", "end": "00:13:31", "text": "purchase, um they now have nearly $2"}, {"start": "00:13:27", "end": "00:13:32", "text": "billion worth of Bitcoin. Do you have"}, {"start": "00:13:31", "end": "00:13:35", "text": "you ever thought about how rich these"}, {"start": "00:13:32", "end": "00:13:37", "text": "companies are going to be in like in"}, {"start": "00:13:35", "end": "00:13:41", "text": "first of all now in general they're"}, {"start": "00:13:37", "end": "00:13:44", "text": "wealthy? H like you know how much 25,000"}, {"start": "00:13:41", "end": "00:13:44", "text": "of something is."}, {"start": "00:13:44", "end": "00:13:48", "text": "Have you like these are going to be like"}, {"start": "00:13:47", "end": "00:13:50", "text": "this also makes me wonder sometimes and"}, {"start": "00:13:48", "end": "00:13:53", "text": "like no one ever talks about it because"}, {"start": "00:13:50", "end": "00:13:55", "text": "I we don't have the actual you and I we"}, {"start": "00:13:53", "end": "00:13:57", "text": "don't have the information about it. How"}, {"start": "00:13:55", "end": "00:13:59", "text": "much I always wonder how much Bitcoin"}, {"start": "00:13:57", "end": "00:14:01", "text": "like Apple has"}, {"start": "00:13:59", "end": "00:14:04", "text": "you know Apple has Apple's sitting on"}, {"start": "00:14:01", "end": "00:14:07", "text": "like billions like like in cash not in"}, {"start": "00:14:04", "end": "00:14:11", "text": "like you know monies like I mean literal"}, {"start": "00:14:07", "end": "00:14:14", "text": "cash has billions of it. This also"}, {"start": "00:14:11", "end": "00:14:16", "text": "raises the valuation of the company. I"}, {"start": "00:14:14", "end": "00:14:18", "text": "sit here and think sometimes,"}, {"start": "00:14:16", "end": "00:14:21", "text": "you know, that Black Rockck isn't isn't"}, {"start": "00:14:18", "end": "00:14:24", "text": "is into crypto. We don't know how much"}, {"start": "00:14:21", "end": "00:14:27", "text": "these companies have."}, {"start": "00:14:24", "end": "00:14:29", "text": "What if Bitcoin does become"}, {"start": "00:14:27", "end": "00:14:32", "text": "what we think it will? And I mean, in"}, {"start": "00:14:29", "end": "00:14:37", "text": "this scenario, we have $120,000"}, {"start": "00:14:32", "end": "00:14:39", "text": "Ethereum. XRP is at $11428."}, {"start": "00:14:37", "end": "00:14:43", "text": "Like that, you know, that that that kind"}, {"start": "00:14:39", "end": "00:14:46", "text": "of thing. Bitcoin's at like three $3.5"}, {"start": "00:14:43", "end": "00:14:46", "text": "million."}, {"start": "00:14:47", "end": "00:14:54", "text": "These these like that level of wealth."}, {"start": "00:14:52", "end": "00:14:56", "text": "Imagine if imagine if Bitcoin does"}, {"start": "00:14:54", "end": "00:14:58", "text": "become like the new version of the US"}, {"start": "00:14:56", "end": "00:15:01", "text": "dollar."}, {"start": "00:14:58", "end": "00:15:03", "text": "What if we on this planet are actually"}, {"start": "00:15:01", "end": "00:15:05", "text": "still using Bitcoin by the year like"}, {"start": "00:15:03", "end": "00:15:09", "text": "2140 when the last fragments of Bitcoin"}, {"start": "00:15:05", "end": "00:15:09", "text": "are meant to be mined? 2140."}, {"start": "00:15:09", "end": "00:15:14", "text": "Imagine just having like perpetual"}, {"start": "00:15:12", "end": "00:15:16", "text": "wealth,"}, {"start": "00:15:14", "end": "00:15:19", "text": "not like riches. Like you are just"}, {"start": "00:15:16", "end": "00:15:21", "text": "insanely wealthy forever."}, {"start": "00:15:19", "end": "00:15:22", "text": "Because if bit if if the US dollar"}, {"start": "00:15:21", "end": "00:15:24", "text": "continues to decline, if the euro"}, {"start": "00:15:22", "end": "00:15:26", "text": "declines, if the yen declines, debt"}, {"start": "00:15:24", "end": "00:15:29", "text": "values keep going up, like this would"}, {"start": "00:15:26", "end": "00:15:31", "text": "insinuate that Bitcoin's value in US"}, {"start": "00:15:29", "end": "00:15:33", "text": "dollar-wise would continue to rise."}, {"start": "00:15:31", "end": "00:15:35", "text": "Meaning like the more Satoshi's that you"}, {"start": "00:15:33", "end": "00:15:37", "text": "have essentially like the richer you are"}, {"start": "00:15:35", "end": "00:15:40", "text": "comparative to people holding dollars."}, {"start": "00:15:37", "end": "00:15:42", "text": "And this is why we assume hyper"}, {"start": "00:15:40", "end": "00:15:45", "text": "bitcoinization"}, {"start": "00:15:42", "end": "00:15:48", "text": "would take place."}, {"start": "00:15:45", "end": "00:15:52", "text": "Imagine the average person"}, {"start": "00:15:48", "end": "00:15:56", "text": "is never able to acquire 0.01"}, {"start": "00:15:52", "end": "00:15:56", "text": "bitcoin. 0.01."}, {"start": "00:15:56", "end": "00:16:03", "text": "Imagine a company has a hundred Bitcoin."}, {"start": "00:16:00", "end": "00:16:05", "text": "You know how much money that is even"}, {"start": "00:16:03", "end": "00:16:07", "text": "even now?"}, {"start": "00:16:05", "end": "00:16:09", "text": "Even now that's that's a huge amount of"}, {"start": "00:16:07", "end": "00:16:11", "text": "money. Imagine bitcoins at millions of"}, {"start": "00:16:09", "end": "00:16:13", "text": "dollars per coin and one company has a"}, {"start": "00:16:11", "end": "00:16:16", "text": "hundred."}, {"start": "00:16:13", "end": "00:16:17", "text": "Now imagine Strive. Strive decides not"}, {"start": "00:16:16", "end": "00:16:20", "text": "to buy any more Bitcoin. They have"}, {"start": "00:16:17", "end": "00:16:24", "text": "25,000 Bitcoin. Bitcoin is at $3 million"}, {"start": "00:16:20", "end": "00:16:26", "text": "per coin. They're staking it just making"}, {"start": "00:16:24", "end": "00:16:29", "text": "passive income constantly in in in some"}, {"start": "00:16:26", "end": "00:16:33", "text": "other coin. Now Micro Strategy has"}, {"start": "00:16:29", "end": "00:16:33", "text": "800,000 coins."}, {"start": "00:16:33", "end": "00:16:39", "text": "Have you ever thought like I think of I"}, {"start": "00:16:35", "end": "00:16:41", "text": "I I overthink many a time I think of"}, {"start": "00:16:39", "end": "00:16:43", "text": "these you have to understand like when"}, {"start": "00:16:41", "end": "00:16:45", "text": "we think of the the position that we are"}, {"start": "00:16:43", "end": "00:16:48", "text": "currently in I think a lot of times this"}, {"start": "00:16:45", "end": "00:16:50", "text": "is this is this is how I've lived life a"}, {"start": "00:16:48", "end": "00:16:52", "text": "lot of the people who I've come into"}, {"start": "00:16:50", "end": "00:16:54", "text": "contact with"}, {"start": "00:16:52", "end": "00:16:55", "text": "or people who I know who invest"}, {"start": "00:16:54", "end": "00:16:58", "text": "sometimes I have conversations with them"}, {"start": "00:16:55", "end": "00:17:00", "text": "like about the future and it and I've"}, {"start": "00:16:58", "end": "00:17:01", "text": "noticed like a pattern where many people"}, {"start": "00:17:00", "end": "00:17:03", "text": "they can understand the idea of"}, {"start": "00:17:01", "end": "00:17:07", "text": "investing investing, but the idea of"}, {"start": "00:17:03", "end": "00:17:10", "text": "future value seems to elude them."}, {"start": "00:17:07", "end": "00:17:12", "text": "So, the idea of buying a home in 2010,"}, {"start": "00:17:10", "end": "00:17:14", "text": "you couldn't have you couldn't have"}, {"start": "00:17:12", "end": "00:17:16", "text": "imagined that you and other people would"}, {"start": "00:17:14", "end": "00:17:18", "text": "continue buying homes that there would"}, {"start": "00:17:16", "end": "00:17:19", "text": "be like a a housing shortage uh because"}, {"start": "00:17:18", "end": "00:17:21", "text": "all these companies and these"}, {"start": "00:17:19", "end": "00:17:25", "text": "institutions are buying up so many"}, {"start": "00:17:21", "end": "00:17:27", "text": "houses and homes. You still with me?"}, {"start": "00:17:25", "end": "00:17:29", "text": "Imagine you bought a home. If you have a"}, {"start": "00:17:27", "end": "00:17:32", "text": "I I love home buying shows. Like I love"}, {"start": "00:17:29", "end": "00:17:34", "text": "any kind of uh we have a budget of 300k."}, {"start": "00:17:32", "end": "00:17:36", "text": "We want to buy a home. I love it. I love"}, {"start": "00:17:34", "end": "00:17:40", "text": "it. I love it. I love it. I love it. In"}, {"start": "00:17:36", "end": "00:17:43", "text": "2010, somebody had 150,000 and bought a"}, {"start": "00:17:40", "end": "00:17:45", "text": "home. By the year 2025,"}, {"start": "00:17:43", "end": "00:17:48", "text": "that home's going for like a good 700"}, {"start": "00:17:45", "end": "00:17:51", "text": "800,000. That's an enormous amount of"}, {"start": "00:17:48", "end": "00:17:54", "text": "growth. That's an enormous amount of"}, {"start": "00:17:51", "end": "00:17:56", "text": "money that was made. A lot of times,"}, {"start": "00:17:54", "end": "00:17:59", "text": "tell me if this is also you. When you"}, {"start": "00:17:56", "end": "00:18:01", "text": "buy crypto, do you think of like the"}, {"start": "00:17:59", "end": "00:18:03", "text": "long-term"}, {"start": "00:18:01", "end": "00:18:06", "text": "growth of said thing or are you kind of"}, {"start": "00:18:03", "end": "00:18:08", "text": "just like automating your"}, {"start": "00:18:06", "end": "00:18:12", "text": "investment? So like, and I mean like"}, {"start": "00:18:08", "end": "00:18:13", "text": "like mentally compartmentalizing them is"}, {"start": "00:18:12", "end": "00:18:15", "text": "kind of like automatic. you know that"}, {"start": "00:18:13", "end": "00:18:17", "text": "you're buying like 200 worth of"}, {"start": "00:18:15", "end": "00:18:21", "text": "something per month, but are you"}, {"start": "00:18:17", "end": "00:18:23", "text": "understanding that that 200 relative to"}, {"start": "00:18:21", "end": "00:18:27", "text": "debt increases to the US dollar to like"}, {"start": "00:18:23", "end": "00:18:30", "text": "fiat currency collapses that 200 could"}, {"start": "00:18:27", "end": "00:18:34", "text": "translate into $2500"}, {"start": "00:18:30", "end": "00:18:36", "text": "per 200 that you put in?"}, {"start": "00:18:34", "end": "00:18:39", "text": "Has that ever crossed your mind? at some"}, {"start": "00:18:36", "end": "00:18:42", "text": "point the thing that you bought like on"}, {"start": "00:18:39", "end": "00:18:44", "text": "a monthly basis."}, {"start": "00:18:42", "end": "00:18:46", "text": "There was this thing uh oh gosh what was"}, {"start": "00:18:44", "end": "00:18:47", "text": "it? It was something a couple weeks ago"}, {"start": "00:18:46", "end": "00:18:49", "text": "there's this I don't know what the name"}, {"start": "00:18:47", "end": "00:18:51", "text": "of the Instagram is. I have no idea."}, {"start": "00:18:49", "end": "00:18:53", "text": "There was an Instagram and it pops up"}, {"start": "00:18:51", "end": "00:18:57", "text": "every now and again because I like uh"}, {"start": "00:18:53", "end": "00:18:59", "text": "sometimes I get like Pokemon stuff and"}, {"start": "00:18:57", "end": "00:19:03", "text": "there's this person who was showing what"}, {"start": "00:18:59", "end": "00:19:05", "text": "like a a full booster box of something"}, {"start": "00:19:03", "end": "00:19:07", "text": "from 2010"}, {"start": "00:19:05", "end": "00:19:11", "text": "20110"}, {"start": "00:19:07", "end": "00:19:13", "text": "not the year 2000 from the year 2010. It"}, {"start": "00:19:11", "end": "00:19:15", "text": "was a booster box. So like it was like a"}, {"start": "00:19:13", "end": "00:19:17", "text": "you know all the cards were inside of it"}, {"start": "00:19:15", "end": "00:19:20", "text": "and sealed and yada yada. In 2010, that"}, {"start": "00:19:17", "end": "00:19:23", "text": "box was worth, I think, $200. And he"}, {"start": "00:19:20", "end": "00:19:27", "text": "showed every two years. By the time you"}, {"start": "00:19:23", "end": "00:19:29", "text": "got to 2018, 2019, that 200, I think,"}, {"start": "00:19:27", "end": "00:19:32", "text": "had become like $2,000. And I was like,"}, {"start": "00:19:29", "end": "00:19:35", "text": "\"Wow, that's crazy.\" 2020 happened,"}, {"start": "00:19:32", "end": "00:19:40", "text": "2021, and I think the box was worth like"}, {"start": "00:19:35", "end": "00:19:43", "text": "7,000. And I was like, from 200 to 7,000"}, {"start": "00:19:40", "end": "00:19:47", "text": "in 11 years. That box, I think, is now"}, {"start": "00:19:43", "end": "00:19:50", "text": "worth around 45,000. It's a It's um It's"}, {"start": "00:19:47", "end": "00:19:51", "text": "a non-first edition base set. Uh if you"}, {"start": "00:19:50", "end": "00:19:53", "text": "know what I'm talking about, you know"}, {"start": "00:19:51", "end": "00:19:57", "text": "what I'm talking about. Imagine if"}, {"start": "00:19:53", "end": "00:19:58", "text": "someone told you in the year 2010,"}, {"start": "00:19:57", "end": "00:20:01", "text": "[snorts]"}, {"start": "00:19:58", "end": "00:20:04", "text": "give me $200"}, {"start": "00:20:01", "end": "00:20:07", "text": "and in 1516 years I'll give you back"}, {"start": "00:20:04", "end": "00:20:07", "text": "$45,000"}, {"start": "00:20:09", "end": "00:20:15", "text": "over the course of 2010. That's two"}, {"start": "00:20:12", "end": "00:20:19", "text": "thou. If you had put $2,000 and bought"}, {"start": "00:20:15", "end": "00:20:22", "text": "10 of those boxes, you'd have $450,000"}, {"start": "00:20:19", "end": "00:20:24", "text": "right now. And I mean that also from the"}, {"start": "00:20:22", "end": "00:20:26", "text": "context of Bitcoin and crypto. A lot of"}, {"start": "00:20:24", "end": "00:20:30", "text": "times we hear about these like big"}, {"start": "00:20:26", "end": "00:20:32", "text": "grandiose prices of when you keep"}, {"start": "00:20:30", "end": "00:20:35", "text": "hearing"}, {"start": "00:20:32", "end": "00:20:37", "text": "from a 100 analysts, 100 banks, 100"}, {"start": "00:20:35", "end": "00:20:41", "text": "institutions that they're all expecting"}, {"start": "00:20:37", "end": "00:20:42", "text": "a million, three million, $14 million"}, {"start": "00:20:41", "end": "00:20:44", "text": "Bitcoin. What does that do to your"}, {"start": "00:20:42", "end": "00:20:49", "text": "brain? Like are you understanding? What"}, {"start": "00:20:44", "end": "00:20:49", "text": "if we do hit those numbers?"}, {"start": "00:20:49", "end": "00:20:55", "text": "What if XRP does go from a dollar like"}, {"start": "00:20:52", "end": "00:20:57", "text": "like I said this weeks ago. What if XRP"}, {"start": "00:20:55", "end": "00:20:59", "text": "goes from a dollar? What if it actually"}, {"start": "00:20:57", "end": "00:21:02", "text": "goes to $28?"}, {"start": "00:20:59", "end": "00:21:07", "text": "What if you had been able to 28x your"}, {"start": "00:21:02", "end": "00:21:09", "text": "money in like a three-year period?"}, {"start": "00:21:07", "end": "00:21:11", "text": "It's insane to think about."}, {"start": "00:21:09", "end": "00:21:12", "text": "So a lot of times when I think about"}, {"start": "00:21:11", "end": "00:21:14", "text": "these companies who are like buying up"}, {"start": "00:21:12", "end": "00:21:17", "text": "all this Bitcoin, it's obviously because"}, {"start": "00:21:14", "end": "00:21:19", "text": "they're expecting prices to go higher."}, {"start": "00:21:17", "end": "00:21:23", "text": "This company has $2 billion worth of"}, {"start": "00:21:19", "end": "00:21:25", "text": "Bitcoin. What if Bitcoin does go to"}, {"start": "00:21:23", "end": "00:21:27", "text": "multiple millions of dollars over the"}, {"start": "00:21:25", "end": "00:21:30", "text": "course of the year 2030 something? This"}, {"start": "00:21:27", "end": "00:21:33", "text": "company will have $200 billion worth of"}, {"start": "00:21:30", "end": "00:21:37", "text": "Bitcoin. What does that mean for even"}, {"start": "00:21:33", "end": "00:21:38", "text": "you? What if every $200 you put into the"}, {"start": "00:21:37", "end": "00:21:41", "text": "crypto market or into any other"}, {"start": "00:21:38", "end": "00:21:44", "text": "investment because of long-term growth"}, {"start": "00:21:41", "end": "00:21:46", "text": "and building, what if every 200 becomes"}, {"start": "00:21:44", "end": "00:21:48", "text": "2,000?"}, {"start": "00:21:46", "end": "00:21:50", "text": "What if over the course of a year you"}, {"start": "00:21:48", "end": "00:21:52", "text": "put $2400"}, {"start": "00:21:50", "end": "00:21:54", "text": "into an investment and that was actually"}, {"start": "00:21:52", "end": "00:21:58", "text": "you were actually every single year"}, {"start": "00:21:54", "end": "00:21:59", "text": "making $24,000 extra over the course of"}, {"start": "00:21:58", "end": "00:22:01", "text": "a decade. You have an extra quarter of a"}, {"start": "00:21:59", "end": "00:22:03", "text": "million dollars."}, {"start": "00:22:01", "end": "00:22:07", "text": "And the crazy part is like this is what"}, {"start": "00:22:03", "end": "00:22:07", "text": "happens when you invest."}, {"start": "00:22:07", "end": "00:22:13", "text": "I have so many thoughts and so many"}, {"start": "00:22:11", "end": "00:22:16", "text": "ideas on these things and I'm this every"}, {"start": "00:22:13", "end": "00:22:18", "text": "single time we get news about these"}, {"start": "00:22:16", "end": "00:22:21", "text": "companies accumulating crypto. Guys,"}, {"start": "00:22:18", "end": "00:22:24", "text": "this always goes through my head."}, {"start": "00:22:21", "end": "00:22:26", "text": "How do you as a company announce you're"}, {"start": "00:22:24", "end": "00:22:29", "text": "into Bitcoin and you go, \"We just"}, {"start": "00:22:26", "end": "00:22:31", "text": "purchased 20 Bitcoin. We just purchased"}, {"start": "00:22:29", "end": "00:22:33", "text": "44 Bitcoin.\" I'm like, \"Wow, 44 Bitcoin"}, {"start": "00:22:31", "end": "00:22:36", "text": "at once.\""}, {"start": "00:22:33", "end": "00:22:38", "text": "That means you know something. If you"}, {"start": "00:22:36", "end": "00:22:40", "text": "start announcing, \"We just bought 800"}, {"start": "00:22:38", "end": "00:22:43", "text": "Bitcoin. We just bought 1,200 Bitcoin."}, {"start": "00:22:40", "end": "00:22:45", "text": "We really, guys, we need 25,000"}, {"start": "00:22:43", "end": "00:22:48", "text": "Bitcoin,\""}, {"start": "00:22:45", "end": "00:22:50", "text": "that's not conviction. That's knowledge."}, {"start": "00:22:48", "end": "00:22:53", "text": "That's not you believing in something."}, {"start": "00:22:50", "end": "00:22:58", "text": "That's someone who has power and wealth"}, {"start": "00:22:53", "end": "00:23:01", "text": "who told you Bitcoin's going to do this."}, {"start": "00:22:58", "end": "00:23:02", "text": "What? All the all the all the ramping up"}, {"start": "00:23:01", "end": "00:23:04", "text": "that we've been seeing. Do you remember"}, {"start": "00:23:02", "end": "00:23:05", "text": "like a couple of weeks ago we had some,"}, {"start": "00:23:04", "end": "00:23:07", "text": "you know, like summer was kind of like a"}, {"start": "00:23:05", "end": "00:23:10", "text": "bit of a lull and then out of nowhere we"}, {"start": "00:23:07", "end": "00:23:14", "text": "had all this news. What was it?"}, {"start": "00:23:10", "end": "00:23:17", "text": "I think there was one one day one day I"}, {"start": "00:23:14", "end": "00:23:20", "text": "think half a billion half a billion US"}, {"start": "00:23:17", "end": "00:23:23", "text": "dollars went into um Bitcoin ETFs and I"}, {"start": "00:23:20", "end": "00:23:28", "text": "was like"}, {"start": "00:23:23", "end": "00:23:30", "text": "half a billion in 24 hours is insanity."}, {"start": "00:23:28", "end": "00:23:32", "text": "We had news around that time of all this"}, {"start": "00:23:30", "end": "00:23:35", "text": "crypto leaving exchanges and I think"}, {"start": "00:23:32", "end": "00:23:38", "text": "over the course of I think four or five"}, {"start": "00:23:35", "end": "00:23:40", "text": "days I think almost $2 billion $2"}, {"start": "00:23:38", "end": "00:23:42", "text": "billion had moved into the Bitcoin ETFs"}, {"start": "00:23:40", "end": "00:23:44", "text": "it was it was millions and millions and"}, {"start": "00:23:42", "end": "00:23:47", "text": "for for for XRP and for Ethereum and I'm"}, {"start": "00:23:44", "end": "00:23:49", "text": "like that means you know something is"}, {"start": "00:23:47", "end": "00:23:52", "text": "going to happen. So, I was telling you"}, {"start": "00:23:49", "end": "00:23:55", "text": "before like all these countries,"}, {"start": "00:23:52", "end": "00:23:57", "text": "all these countries are buying Bitcoin,"}, {"start": "00:23:55", "end": "00:23:59", "text": "holding Bitcoin, mining Bitcoin,"}, {"start": "00:23:57", "end": "00:24:01", "text": "announcing that you're making rules and"}, {"start": "00:23:59", "end": "00:24:03", "text": "regulations to, you know, have money"}, {"start": "00:24:01", "end": "00:24:06", "text": "flow. And I'm like, why are you not"}, {"start": "00:24:03", "end": "00:24:08", "text": "buying gold? Why are you not buying"}, {"start": "00:24:06", "end": "00:24:11", "text": "land? Why are these national banks"}, {"start": "00:24:08", "end": "00:24:14", "text": "buying Bitcoin? Wouldn't you as a"}, {"start": "00:24:11", "end": "00:24:16", "text": "national bank have an obligation to buy"}, {"start": "00:24:14", "end": "00:24:21", "text": "your local currency or their treasury"}, {"start": "00:24:16", "end": "00:24:21", "text": "notes or their bonds?"}, {"start": "00:24:22", "end": "00:24:26", "text": "I I hold back on saying that something"}, {"start": "00:24:24", "end": "00:24:29", "text": "weird is happening because we already"}, {"start": "00:24:26", "end": "00:24:32", "text": "got that far. But um"}, {"start": "00:24:29", "end": "00:24:36", "text": "yeah, something weird is happening. Uh,"}, {"start": "00:24:32", "end": "00:24:39", "text": "also tying uh directly"}, {"start": "00:24:36", "end": "00:24:42", "text": "into the news, dare I say. Uh, you"}, {"start": "00:24:39", "end": "00:24:45", "text": "already know, you already know cuz this"}, {"start": "00:24:42", "end": "00:24:49", "text": "is this is this is almost daily news at"}, {"start": "00:24:45", "end": "00:24:52", "text": "this point. Uh, Bitmine"}, {"start": "00:24:49", "end": "00:24:55", "text": "Immersion Technologies has purchased"}, {"start": "00:24:52", "end": "00:24:55", "text": "another 27,180"}, {"start": "00:24:56", "end": "00:25:02", "text": "Ethereum tokens, bringing its holdings,"}, {"start": "00:25:00", "end": "00:25:06", "text": "for the love of goodness, bringing its"}, {"start": "00:25:02", "end": "00:25:08", "text": "holdings to nearly 6 million Ethereum as"}, {"start": "00:25:06", "end": "00:25:12", "text": "it slowly,"}, {"start": "00:25:08", "end": "00:25:16", "text": "ever so slowly, approaches its goal of"}, {"start": "00:25:12", "end": "00:25:19", "text": "owning 5% of Ethereum supply. I was just"}, {"start": "00:25:16", "end": "00:25:22", "text": "ranting about this last week. This"}, {"start": "00:25:19", "end": "00:25:24", "text": "company keeps buying Ethereum. It feels"}, {"start": "00:25:22", "end": "00:25:28", "text": "like every other day. They keep saying"}, {"start": "00:25:24", "end": "00:25:32", "text": "that they want 5% of all Ethereum and we"}, {"start": "00:25:28", "end": "00:25:35", "text": "went from 4.2 to 4.5 to 4.7. It feels"}, {"start": "00:25:32", "end": "00:25:38", "text": "like we've been stuck at 4.8% for"}, {"start": "00:25:35", "end": "00:25:38", "text": "eternity."}, {"start": "00:25:39", "end": "00:25:43", "text": "When they get to 5% of all Ethereum, I I"}, {"start": "00:25:42", "end": "00:25:45", "text": "just want to have like I want to throw a"}, {"start": "00:25:43", "end": "00:25:48", "text": "party for them. I want to like invite"}, {"start": "00:25:45", "end": "00:25:49", "text": "them to like a big fest because this is"}, {"start": "00:25:48", "end": "00:25:51", "text": "[sighs]"}, {"start": "00:25:49", "end": "00:25:54", "text": "the purchase was slightly smaller than"}, {"start": "00:25:51", "end": "00:25:56", "text": "the previous week where they purchased"}, {"start": "00:25:54", "end": "00:25:58", "text": "28,086"}, {"start": "00:25:56", "end": "00:26:00", "text": "Ethereum which lifted their holdings to"}, {"start": "00:25:58", "end": "00:26:02", "text": "5.93"}, {"start": "00:26:00", "end": "00:26:07", "text": "million."}, {"start": "00:26:02", "end": "00:26:10", "text": "No one on this planet buys 5.93"}, {"start": "00:26:07", "end": "00:26:12", "text": "million of something because they"}, {"start": "00:26:10", "end": "00:26:16", "text": "believe"}, {"start": "00:26:12", "end": "00:26:18", "text": "that governments might one day use this"}, {"start": "00:26:16", "end": "00:26:21", "text": "coin."}, {"start": "00:26:18", "end": "00:26:23", "text": "What are you What are you going to do"}, {"start": "00:26:21", "end": "00:26:27", "text": "when Bitcoin goes to half a million"}, {"start": "00:26:23", "end": "00:26:30", "text": "dollars? Like what's your plan?"}, {"start": "00:26:27", "end": "00:26:32", "text": "You wake up, you look at the clock. It"}, {"start": "00:26:30", "end": "00:26:34", "text": "is"}, {"start": "00:26:32", "end": "00:26:37", "text": "October 1st,"}, {"start": "00:26:34", "end": "00:26:41", "text": "2030."}, {"start": "00:26:37", "end": "00:26:44", "text": "XRP is at $42. What do you do? Like,"}, {"start": "00:26:41", "end": "00:26:45", "text": "what? Like, tell me what explicitly do"}, {"start": "00:26:44", "end": "00:26:47", "text": "you are you going to run around the"}, {"start": "00:26:45", "end": "00:26:49", "text": "house? Are you going to scream? Are you"}, {"start": "00:26:47", "end": "00:26:52", "text": "going to call somebody? Like, what are"}, {"start": "00:26:49", "end": "00:26:53", "text": "you going to do?"}, {"start": "00:26:52", "end": "00:26:56", "text": "Tom Lee said by the end of this year,"}, {"start": "00:26:53", "end": "00:26:59", "text": "he's expecting Ethereum to be at $6,000."}, {"start": "00:26:56", "end": "00:27:03", "text": "By the end of this year, by 2029, he's"}, {"start": "00:26:59", "end": "00:27:05", "text": "expecting a 40,000 40,000"}, {"start": "00:27:03", "end": "00:27:07", "text": "$40,000 Ethereum."}, {"start": "00:27:05", "end": "00:27:10", "text": "He said by the early 2030s, he's"}, {"start": "00:27:07", "end": "00:27:12", "text": "expecting a you can find it. He's"}, {"start": "00:27:10", "end": "00:27:15", "text": "expecting a 100,000"}, {"start": "00:27:12", "end": "00:27:20", "text": "Ethereum, not a 100,000 Bitcoin."}, {"start": "00:27:15", "end": "00:27:20", "text": "Ethereum each coin 100,000."}, {"start": "00:27:21", "end": "00:27:26", "text": "What if all these numbers come true?"}, {"start": "00:27:24", "end": "00:27:28", "text": "Like what?"}, {"start": "00:27:26", "end": "00:27:32", "text": "[laughter] This company is gonna have"}, {"start": "00:27:28", "end": "00:27:32", "text": "over six million Ethereum."}, {"start": "00:27:32", "end": "00:27:40", "text": "Bitcoin. Bit mine valued its total"}, {"start": "00:27:36", "end": "00:27:44", "text": "holdings at 15.8 billion including its"}, {"start": "00:27:40", "end": "00:27:48", "text": "Ethereum. They also still have 212"}, {"start": "00:27:44", "end": "00:27:52", "text": "Bitcoin and they have $549"}, {"start": "00:27:48", "end": "00:27:55", "text": "million in cash and securities. They"}, {"start": "00:27:52", "end": "00:27:57", "text": "also have stakes in Beast Industries."}, {"start": "00:27:55", "end": "00:28:00", "text": "Is that Mr. Beast? Am I supposed to just"}, {"start": "00:27:57", "end": "00:28:03", "text": "know what? Okay. Uh something called"}, {"start": "00:28:00", "end": "00:28:06", "text": "eight co- Holdings worth 180 million and"}, {"start": "00:28:03", "end": "00:28:08", "text": "$98 million respectively. Have any of"}, {"start": "00:28:06", "end": "00:28:11", "text": "you walked through your supermarket"}, {"start": "00:28:08", "end": "00:28:15", "text": "lately and seen uh I keep seeing like a"}, {"start": "00:28:11", "end": "00:28:17", "text": "whole bunch of like Mr. Beast like food?"}, {"start": "00:28:15", "end": "00:28:19", "text": "And I don't watch his videos. I know of"}, {"start": "00:28:17", "end": "00:28:22", "text": "course who Mr. Beast is. I'm just a"}, {"start": "00:28:19", "end": "00:28:25", "text": "little shocked. um at why half my"}, {"start": "00:28:22", "end": "00:28:29", "text": "grocery store now says endorsed by Mr."}, {"start": "00:28:25", "end": "00:28:32", "text": "Beast. Um cuz I walked by the beef jerky"}, {"start": "00:28:29", "end": "00:28:34", "text": "and I was like, does he does he make"}, {"start": "00:28:32", "end": "00:28:36", "text": "beef jerky? How did he get a"}, {"start": "00:28:34", "end": "00:28:38", "text": "sponsorship? I didn't get that part."}, {"start": "00:28:36", "end": "00:28:40", "text": "Anyway, yeah, the accumulation"}, {"start": "00:28:38", "end": "00:28:43", "text": "continues. It's probably never going to"}, {"start": "00:28:40", "end": "00:28:45", "text": "stop to be honest. Um I'll be completely"}, {"start": "00:28:43", "end": "00:28:46", "text": "honest. I I I I I told you before the"}, {"start": "00:28:45", "end": "00:28:49", "text": "same exact thing when it comes to real"}, {"start": "00:28:46", "end": "00:28:52", "text": "estate. I don't care what the prices are"}, {"start": "00:28:49", "end": "00:28:54", "text": "because my assumption, you know, people"}, {"start": "00:28:52", "end": "00:28:56", "text": "are going to need a place to live. So,"}, {"start": "00:28:54", "end": "00:28:58", "text": "you know, uh in the future, um if"}, {"start": "00:28:56", "end": "00:29:00", "text": "housing prices rise, I will still"}, {"start": "00:28:58", "end": "00:29:02", "text": "purchase. I have some friends who like"}, {"start": "00:29:00", "end": "00:29:05", "text": "they, you know, they wait to see where"}, {"start": "00:29:02", "end": "00:29:06", "text": "the market goes. I do not wait. Even if"}, {"start": "00:29:05", "end": "00:29:09", "text": "there's like a dip in the market, I'm"}, {"start": "00:29:06", "end": "00:29:11", "text": "going to buy. If the prices go up, I'm"}, {"start": "00:29:09", "end": "00:29:14", "text": "still going to buy because I assume in"}, {"start": "00:29:11", "end": "00:29:16", "text": "10, 15, 20 years, those homes will be"}, {"start": "00:29:14", "end": "00:29:20", "text": "worth far more than I ever purchased"}, {"start": "00:29:16", "end": "00:29:21", "text": "them for. So, um, yeah, something's"}, {"start": "00:29:20", "end": "00:29:23", "text": "happening. I mean, no, listen. Stop,"}, {"start": "00:29:21", "end": "00:29:23", "text": "stop, stop, stop, stop. We know what's"}, {"start": "00:29:23", "end": "00:29:24", "text": "happening."}, {"start": "00:29:23", "end": "00:29:27", "text": ">> [snorts]"}, {"start": "00:29:24", "end": "00:29:29", "text": ">> It's just a matter of the the prophecies"}, {"start": "00:29:27", "end": "00:29:33", "text": "actually coming to fruition as we"}, {"start": "00:29:29", "end": "00:29:37", "text": "continuously hear from multiple people"}, {"start": "00:29:33", "end": "00:29:39", "text": "that cryptocurrency prices are in the"}, {"start": "00:29:37", "end": "00:29:41", "text": "near future, in the future, in the long"}, {"start": "00:29:39", "end": "00:29:43", "text": "future going to go a lot higher."}, {"start": "00:29:41", "end": "00:29:46", "text": "Like what are you going to do if"}, {"start": "00:29:43", "end": "00:29:48", "text": "everything you bought today does a 10"}, {"start": "00:29:46", "end": "00:29:49", "text": "15x in price in the next couple of"}, {"start": "00:29:48", "end": "00:29:53", "text": "years? I mean, you'll be a lot better"}, {"start": "00:29:49", "end": "00:29:54", "text": "off, yes. But I mean, like, I don't want"}, {"start": "00:29:53", "end": "00:29:56", "text": "you to have any regrets. I don't want"}, {"start": "00:29:54", "end": "00:29:59", "text": "you to sit there and go like, I wish I"}, {"start": "00:29:56", "end": "00:30:03", "text": "bought more. Take the opportunity that"}, {"start": "00:29:59", "end": "00:30:07", "text": "you have presented in front of you. I do"}, {"start": "00:30:03", "end": "00:30:11", "text": "hope that you've all enjoyed. I do hope"}, {"start": "00:30:07", "end": "00:30:13", "text": "that you all are having a great day,"}, {"start": "00:30:11", "end": "00:30:15", "text": "morning, afternoon, evening, wherever"}, {"start": "00:30:13", "end": "00:30:17", "text": "you are, wherever you might be. I do"}, {"start": "00:30:15", "end": "00:30:19", "text": "hope it's absolutely fantastic. Thank"}, {"start": "00:30:17", "end": "00:30:21", "text": "you all once again for watching,"}, {"start": "00:30:19", "end": "00:30:24", "text": "listening, liking, commenting, and"}, {"start": "00:30:21", "end": "00:30:28", "text": "supporting. And I will most certainly be"}, {"start": "00:30:24", "end": "00:30:32", "text": "talking to you all soon."}, {"start": "00:30:28", "end": "00:30:32", "text": "See you."}]

[{"start": "00:00:01", "end": "00:00:08", "text": "Hello everybody."}, {"start": "00:00:03", "end": "00:00:11", "text": "Welcome back for another video."}, {"start": "00:00:08", "end": "00:00:14", "text": "Hope you're all doing well."}, {"start": "00:00:11", "end": "00:00:17", "text": "Hope that everyone out there is doing"}, {"start": "00:00:14", "end": "00:00:17", "text": "absolutely"}, {"start": "00:00:17", "end": "00:00:25", "text": "fantastic [laughter] and that you're all"}, {"start": "00:00:20", "end": "00:00:28", "text": "having a great day out there. Very big"}, {"start": "00:00:25", "end": "00:00:31", "text": "thank you to Finley Bass, Gilboa Snake,"}, {"start": "00:00:28", "end": "00:00:34", "text": "Trent Jackson, Gypsy Queen, Alexander"}, {"start": "00:00:31", "end": "00:00:35", "text": "the Greek, Lyall Austin, FT Clown,"}, {"start": "00:00:34", "end": "00:00:40", "text": "[gasps]"}, {"start": "00:00:35", "end": "00:00:42", "text": "and to Livio C. Very big thank you to my"}, {"start": "00:00:40", "end": "00:00:44", "text": "Patreon supporters."}, {"start": "00:00:42", "end": "00:00:46", "text": "For those of you looking to support the"}, {"start": "00:00:44", "end": "00:00:49", "text": "channel, there are links in the"}, {"start": "00:00:46", "end": "00:00:51", "text": "description below. Yeah, welcome back"}, {"start": "00:00:49", "end": "00:00:53", "text": "everyone. How have you been? What's new?"}, {"start": "00:00:51", "end": "00:00:56", "text": "How's life? What have you been investing"}, {"start": "00:00:53", "end": "00:00:58", "text": "in? What are you buying? What are you"}, {"start": "00:00:56", "end": "00:01:00", "text": "accumulating?"}, {"start": "00:00:58", "end": "00:01:02", "text": "I assume I'm going to assume a 100% of"}, {"start": "00:01:00", "end": "00:01:05", "text": "you are accumulating assets right now,"}, {"start": "00:01:02", "end": "00:01:07", "text": "right? All of you. You're all buying"}, {"start": "00:01:05", "end": "00:01:09", "text": "assets all the time so you can become"}, {"start": "00:01:07", "end": "00:01:11", "text": "richer in the future. All right. I heard"}, {"start": "00:01:09", "end": "00:01:16", "text": "I heard someone say yes. All right."}, {"start": "00:01:11", "end": "00:01:19", "text": "Okay. Anywh who, uh, we are, if you"}, {"start": "00:01:16", "end": "00:01:20", "text": "missed any videos over the last three"}, {"start": "00:01:19", "end": "00:01:23", "text": "weeks,"}, {"start": "00:01:20", "end": "00:01:25", "text": "there is a"}, {"start": "00:01:23", "end": "00:01:29", "text": "seemingly neverending,"}, {"start": "00:01:25", "end": "00:01:35", "text": "very strong sentiment within the"}, {"start": "00:01:29", "end": "00:01:37", "text": "cryptocurrency market of price go up."}, {"start": "00:01:35", "end": "00:01:39", "text": "That has been one of the main focal"}, {"start": "00:01:37", "end": "00:01:43", "text": "points for the news. And I want to I'll"}, {"start": "00:01:39", "end": "00:01:45", "text": "give it the last like nine nine months"}, {"start": "00:01:43", "end": "00:01:50", "text": "somewhere around there. Uh but it has"}, {"start": "00:01:45", "end": "00:01:53", "text": "only picked up pace. The new uh or"}, {"start": "00:01:50", "end": "00:01:57", "text": "seemingly new thing to look forward to"}, {"start": "00:01:53", "end": "00:02:00", "text": "is the beginning of October."}, {"start": "00:01:57", "end": "00:02:05", "text": "If you somehow missed it at any point,"}, {"start": "00:02:00", "end": "00:02:08", "text": "the main talking point right now is the"}, {"start": "00:02:05", "end": "00:02:12", "text": "6th and 7th of October."}, {"start": "00:02:08", "end": "00:02:14", "text": "Why? Because in case you missed it,"}, {"start": "00:02:12", "end": "00:02:18", "text": "that's supposed"}, {"start": "00:02:14", "end": "00:02:22", "text": "to be the point, the official point"}, {"start": "00:02:18", "end": "00:02:24", "text": "of when the bull run officially begins"}, {"start": "00:02:22", "end": "00:02:28", "text": "again."}, {"start": "00:02:24", "end": "00:02:32", "text": "So the and I have to give it to you this"}, {"start": "00:02:28", "end": "00:02:35", "text": "way. The issue is is that this isn't"}, {"start": "00:02:32", "end": "00:02:37", "text": "just uh a hope and a wish and a prayer."}, {"start": "00:02:35", "end": "00:02:39", "text": "This isn't people crossing their"}, {"start": "00:02:37", "end": "00:02:43", "text": "fingers. This is something that we've"}, {"start": "00:02:39", "end": "00:02:47", "text": "seen over and over and over again. We"}, {"start": "00:02:43", "end": "00:02:49", "text": "know for a fact that the cryptocurrency"}, {"start": "00:02:47", "end": "00:02:52", "text": "market has a number of days where it"}, {"start": "00:02:49", "end": "00:02:55", "text": "goes down and then it has even more"}, {"start": "00:02:52", "end": "00:02:58", "text": "numbers of days where it goes up"}, {"start": "00:02:55", "end": "00:03:00", "text": "perpetually over the course of a"}, {"start": "00:02:58", "end": "00:03:03", "text": "three-year period. That's where we are"}, {"start": "00:03:00", "end": "00:03:06", "text": "currently close to. So the first thing"}, {"start": "00:03:03", "end": "00:03:10", "text": "that popped up I personally thought was"}, {"start": "00:03:06", "end": "00:03:12", "text": "quite interesting just because of the"}, {"start": "00:03:10", "end": "00:03:13", "text": "literal"}, {"start": "00:03:12", "end": "00:03:16", "text": "timing."}, {"start": "00:03:13", "end": "00:03:20", "text": "Ethereum and Cardano"}, {"start": "00:03:16", "end": "00:03:23", "text": "though they do not like each other uh"}, {"start": "00:03:20", "end": "00:03:26", "text": "often have the same kind of tactics."}, {"start": "00:03:23", "end": "00:03:29", "text": "years ago, whenever"}, {"start": "00:03:26", "end": "00:03:31", "text": "when whenever"}, {"start": "00:03:29", "end": "00:03:34", "text": "there was some kind of a significant"}, {"start": "00:03:31", "end": "00:03:37", "text": "date within the cryptocurrency market,"}, {"start": "00:03:34", "end": "00:03:40", "text": "both Ethereum and Cardano used to"}, {"start": "00:03:37", "end": "00:03:43", "text": "announce their upgrades or their updates"}, {"start": "00:03:40", "end": "00:03:47", "text": "on that date."}, {"start": "00:03:43", "end": "00:03:49", "text": "The the 15th of July,"}, {"start": "00:03:47", "end": "00:03:51", "text": "we're expecting a bank to announce"}, {"start": "00:03:49", "end": "00:03:53", "text": "something. We're expecting something to"}, {"start": "00:03:51", "end": "00:03:57", "text": "get signed. We're expecting some company"}, {"start": "00:03:53", "end": "00:04:00", "text": "to announce something."}, {"start": "00:03:57", "end": "00:04:03", "text": "Cardano would say on the 14th of July,"}, {"start": "00:04:00", "end": "00:04:06", "text": "we're launching this update. Ethereum"}, {"start": "00:04:03", "end": "00:04:09", "text": "would say the morning of the 15th. We"}, {"start": "00:04:06", "end": "00:04:13", "text": "don't we don't know if it's uh"}, {"start": "00:04:09", "end": "00:04:17", "text": "coordinated, but I would pro"}, {"start": "00:04:13", "end": "00:04:20", "text": "say it's more than likely that they try"}, {"start": "00:04:17", "end": "00:04:23", "text": "to time the announcements of certain"}, {"start": "00:04:20", "end": "00:04:28", "text": "things with dates that everyone's"}, {"start": "00:04:23", "end": "00:04:30", "text": "looking uh forward to. So, here's the"}, {"start": "00:04:28", "end": "00:04:33", "text": "first batch of it because it's all going"}, {"start": "00:04:30", "end": "00:04:36", "text": "to connect together. For those of you"}, {"start": "00:04:33", "end": "00:04:40", "text": "not looking at the screen, it says"}, {"start": "00:04:36", "end": "00:04:42", "text": "Ethereum targets the 6th of October"}, {"start": "00:04:40", "end": "00:04:44", "text": "for their Glamster. That's a terrible"}, {"start": "00:04:42", "end": "00:04:47", "text": "name. Glamsterdam"}, {"start": "00:04:44", "end": "00:04:50", "text": "Sapoleia fork."}, {"start": "00:04:47", "end": "00:04:53", "text": "That is a um a very particular date that"}, {"start": "00:04:50", "end": "00:04:56", "text": "they have there. Can't imagine why."}, {"start": "00:04:53", "end": "00:04:58", "text": "Ethereum developers have tentatively"}, {"start": "00:04:56", "end": "00:05:01", "text": "scheduled the Glamsterdam upgrade for"}, {"start": "00:04:58", "end": "00:05:05", "text": "Ethereum Sapoleia testnet on the 6th of"}, {"start": "00:05:01", "end": "00:05:09", "text": "October, even as private DevNet testing"}, {"start": "00:05:05", "end": "00:05:11", "text": "continues to uncover bugs. The date"}, {"start": "00:05:09", "end": "00:05:14", "text": "gives developers a path towards a"}, {"start": "00:05:11", "end": "00:05:17", "text": "December mainet release, but it remains"}, {"start": "00:05:14", "end": "00:05:20", "text": "conditional on whether the next testing"}, {"start": "00:05:17", "end": "00:05:23", "text": "phase can produce a stable network. What"}, {"start": "00:05:20", "end": "00:05:25", "text": "I think it's going to actually rely on"}, {"start": "00:05:23", "end": "00:05:29", "text": "is if prices begin to start pumping"}, {"start": "00:05:25", "end": "00:05:32", "text": "around that time. As I and I and I speak"}, {"start": "00:05:29", "end": "00:05:35", "text": "freely as someone who goes over"}, {"start": "00:05:32", "end": "00:05:39", "text": "cryptocurrency news every single day, uh"}, {"start": "00:05:35", "end": "00:05:42", "text": "this has happened for just about almost"}, {"start": "00:05:39", "end": "00:05:44", "text": "a decade. Every single time that"}, {"start": "00:05:42", "end": "00:05:46", "text": "something big is going to take place,"}, {"start": "00:05:44", "end": "00:05:49", "text": "something that we're all looking forward"}, {"start": "00:05:46", "end": "00:05:52", "text": "to, the people from Cardano would come"}, {"start": "00:05:49", "end": "00:05:55", "text": "forward and announce that on this date"}, {"start": "00:05:52", "end": "00:05:57", "text": "randomly, wink, uh, we have this thing"}, {"start": "00:05:55", "end": "00:06:00", "text": "that's going to happen. What ends up"}, {"start": "00:05:57", "end": "00:06:02", "text": "taking place normally is is that usually"}, {"start": "00:06:00", "end": "00:06:04", "text": "a couple days, but this is this is okay."}, {"start": "00:06:02", "end": "00:06:07", "text": "Tinfoil hat."}, {"start": "00:06:04", "end": "00:06:09", "text": "What I think happens is is they look at"}, {"start": "00:06:07", "end": "00:06:11", "text": "the actual sentiment of the market to"}, {"start": "00:06:09", "end": "00:06:14", "text": "try and see if they can actually"}, {"start": "00:06:11", "end": "00:06:17", "text": "capitalize on releasing something on"}, {"start": "00:06:14", "end": "00:06:20", "text": "that actual date."}, {"start": "00:06:17", "end": "00:06:22", "text": "So if after the 6th of October we"}, {"start": "00:06:20", "end": "00:06:25", "text": "actually do indeed see the"}, {"start": "00:06:22", "end": "00:06:27", "text": "cryptocurrency market like going up up"}, {"start": "00:06:25", "end": "00:06:30", "text": "or like or beginning to the momentum"}, {"start": "00:06:27", "end": "00:06:32", "text": "begins. That's when I think around"}, {"start": "00:06:30", "end": "00:06:34", "text": "November they will then officially"}, {"start": "00:06:32", "end": "00:06:38", "text": "announce, yeah, we're going to do the"}, {"start": "00:06:34", "end": "00:06:39", "text": "mainet thing in December. It's always"}, {"start": "00:06:38", "end": "00:06:42", "text": "Listen, I'm trying to tell you, not this"}, {"start": "00:06:39", "end": "00:06:47", "text": "isn't a a bad thing, per se. I'm just"}, {"start": "00:06:42", "end": "00:06:49", "text": "trying to explain how timing often uh"}, {"start": "00:06:47", "end": "00:06:53", "text": "works"}, {"start": "00:06:49", "end": "00:06:54", "text": "within this market. Um, also in the"}, {"start": "00:06:53", "end": "00:06:56", "text": "news, I've been telling you this for I"}, {"start": "00:06:54", "end": "00:06:59", "text": "finally found someone talking about it"}, {"start": "00:06:56", "end": "00:07:01", "text": "online. Uh, here it is. For those of you"}, {"start": "00:06:59", "end": "00:07:04", "text": "not looking at the screen, this is what"}, {"start": "00:07:01", "end": "00:07:08", "text": "everyone's been talking about. This is"}, {"start": "00:07:04", "end": "00:07:12", "text": "the thing that everyone"}, {"start": "00:07:08", "end": "00:07:14", "text": "has been talking about."}, {"start": "00:07:12", "end": "00:07:16", "text": "It says, this is from someone called"}, {"start": "00:07:14", "end": "00:07:20", "text": "Arya"}, {"start": "00:07:16", "end": "00:07:25", "text": "Nidday on Twitter. It says the Bitcoin"}, {"start": "00:07:20", "end": "00:07:26", "text": "four-year cycle in one chart,"}, {"start": "00:07:25", "end": "00:07:31", "text": "1,64"}, {"start": "00:07:26", "end": "00:07:36", "text": "days of going up and 364 days of going"}, {"start": "00:07:31", "end": "00:07:39", "text": "down. Repeat, it has printed 3xed almost"}, {"start": "00:07:36", "end": "00:07:41", "text": "to the day. Right now, we are inside the"}, {"start": "00:07:39", "end": "00:07:44", "text": "red box. I'll show you that in a second."}, {"start": "00:07:41", "end": "00:07:47", "text": "Then it talks about prices. The remember"}, {"start": "00:07:44", "end": "00:07:51", "text": "everyone was like Bitcoin at 59,000 is"}, {"start": "00:07:47", "end": "00:07:55", "text": "as low as it's going to go. Uhhuh. And"}, {"start": "00:07:51", "end": "00:07:59", "text": "then 50% down from the 125% top late"}, {"start": "00:07:55", "end": "00:08:03", "text": "last year. The selloff is macro, not"}, {"start": "00:07:59", "end": "00:08:07", "text": "crypto. Strong dollar fading rate cuts,"}, {"start": "00:08:03", "end": "00:08:10", "text": "riskoff rotation out of AI."}, {"start": "00:08:07", "end": "00:08:13", "text": "On the cycle clock, the top of last"}, {"start": "00:08:10", "end": "00:08:16", "text": "market was October 2025."}, {"start": "00:08:13", "end": "00:08:19", "text": "A 364"}, {"start": "00:08:16", "end": "00:08:23", "text": "day correction puts the turnaround when"}, {"start": "00:08:19", "end": "00:08:25", "text": "the market would begin going back up for"}, {"start": "00:08:23", "end": "00:08:30", "text": "1,064"}, {"start": "00:08:25", "end": "00:08:33", "text": "days in Q4 of 2026."}, {"start": "00:08:30", "end": "00:08:37", "text": "That's October. If the model holds, the"}, {"start": "00:08:33", "end": "00:08:40", "text": "pain is mostly behind us, not ahead. The"}, {"start": "00:08:37", "end": "00:08:44", "text": "cycle is a pattern, not a law. ETFs,"}, {"start": "00:08:40", "end": "00:08:47", "text": "treasuries, and sovereign buyers set the"}, {"start": "00:08:44", "end": "00:08:50", "text": "price now, not retail and not the"}, {"start": "00:08:47", "end": "00:08:53", "text": "having. Every cycle runs lower and"}, {"start": "00:08:50", "end": "00:08:55", "text": "shallower than the last. If you do not"}, {"start": "00:08:53", "end": "00:08:57", "text": "remember,"}, {"start": "00:08:55", "end": "00:09:00", "text": "every"}, {"start": "00:08:57", "end": "00:09:02", "text": "single analyst except for I think Willie"}, {"start": "00:09:00", "end": "00:09:05", "text": "Woo. Willie Woo we heard from recently."}, {"start": "00:09:02", "end": "00:09:08", "text": "I believe he's the only one who"}, {"start": "00:09:05", "end": "00:09:11", "text": "contradicts that we are still in"}, {"start": "00:09:08", "end": "00:09:13", "text": "the four-year cycle, but even his was"}, {"start": "00:09:11", "end": "00:09:16", "text": "like we might be in a in a in a"}, {"start": "00:09:13", "end": "00:09:20", "text": "seven-year cycle, what have you. The"}, {"start": "00:09:16", "end": "00:09:23", "text": "idea is historically Bitcoin havingings"}, {"start": "00:09:20", "end": "00:09:28", "text": "have usually always"}, {"start": "00:09:23", "end": "00:09:31", "text": "held the the candle. We know as we move"}, {"start": "00:09:28", "end": "00:09:35", "text": "towards the having, the prices go crazy."}, {"start": "00:09:31", "end": "00:09:38", "text": "After the having takes place, the idea"}, {"start": "00:09:35", "end": "00:09:40", "text": "of a supply shock begins to fade in."}, {"start": "00:09:38", "end": "00:09:42", "text": "We're not producing 50 Bitcoin. We're"}, {"start": "00:09:40", "end": "00:09:44", "text": "not producing 25 Bitcoin. We're not"}, {"start": "00:09:42", "end": "00:09:47", "text": "producing 12 Bitcoin. We're not"}, {"start": "00:09:44", "end": "00:09:49", "text": "producing three. That's the idea. So,"}, {"start": "00:09:47", "end": "00:09:52", "text": "the price goes up after the public"}, {"start": "00:09:49", "end": "00:09:54", "text": "basically figures out that there's less"}, {"start": "00:09:52", "end": "00:09:56", "text": "and less Bitcoin being created and less"}, {"start": "00:09:54", "end": "00:09:59", "text": "and less to go around."}, {"start": "00:09:56", "end": "00:10:02", "text": "However,"}, {"start": "00:09:59", "end": "00:10:04", "text": "we're no longer in the past. We now have"}, {"start": "00:10:02", "end": "00:10:07", "text": "governments"}, {"start": "00:10:04", "end": "00:10:09", "text": "and central banks. This is very"}, {"start": "00:10:07", "end": "00:10:12", "text": "important that you understand that"}, {"start": "00:10:09", "end": "00:10:16", "text": "governments and central banks are now"}, {"start": "00:10:12", "end": "00:10:20", "text": "buying Bitcoin as well."}, {"start": "00:10:16", "end": "00:10:24", "text": "The ETFs have accumulated"}, {"start": "00:10:20", "end": "00:10:27", "text": "60 70 80 billion dollars"}, {"start": "00:10:24", "end": "00:10:31", "text": "billion dollars worth of Bitcoin and"}, {"start": "00:10:27", "end": "00:10:33", "text": "around 22 months."}, {"start": "00:10:31", "end": "00:10:38", "text": "Yeah. So we live in a very different"}, {"start": "00:10:33", "end": "00:10:42", "text": "world than we did before. However,"}, {"start": "00:10:38", "end": "00:10:45", "text": "this has not stopped people from looking"}, {"start": "00:10:42", "end": "00:10:48", "text": "at this chart and saying, \"Okay, this"}, {"start": "00:10:45", "end": "00:10:50", "text": "looks like a repeat of before.\" For"}, {"start": "00:10:48", "end": "00:10:54", "text": "those of you not looking at the screen,"}, {"start": "00:10:50", "end": "00:10:57", "text": "it's literally a chart of years. There's"}, {"start": "00:10:54", "end": "00:11:00", "text": "a red boxes within it or rectangles as"}, {"start": "00:10:57", "end": "00:11:02", "text": "they get longer. And it shows that for"}, {"start": "00:11:00", "end": "00:11:06", "text": "364"}, {"start": "00:11:02", "end": "00:11:11", "text": "days, the price goes down."}, {"start": "00:11:06", "end": "00:11:15", "text": "At some point on the 365th day, after an"}, {"start": "00:11:11", "end": "00:11:20", "text": "exact year, Bitcoin's price tends to"}, {"start": "00:11:15", "end": "00:11:22", "text": "begin to move upward. This is where a"}, {"start": "00:11:20", "end": "00:11:23", "text": "lot of the optimism is coming from. I've"}, {"start": "00:11:22", "end": "00:11:25", "text": "been telling you this over and over, but"}, {"start": "00:11:23", "end": "00:11:27", "text": "I couldn't find the charts. And then I"}, {"start": "00:11:25", "end": "00:11:30", "text": "actually found it and was like, \"Okay,"}, {"start": "00:11:27", "end": "00:11:33", "text": "let me make sure to show everyone.\" This"}, {"start": "00:11:30", "end": "00:11:37", "text": "would indicate and make sense as to why"}, {"start": "00:11:33", "end": "00:11:41", "text": "these people have been telling us we're"}, {"start": "00:11:37", "end": "00:11:46", "text": "expecting a half a million Bitcoin."}, {"start": "00:11:41", "end": "00:11:48", "text": "We are we are looking at a a a 4050 60"}, {"start": "00:11:46", "end": "00:11:52", "text": "$70,000"}, {"start": "00:11:48", "end": "00:11:55", "text": "Ethereum. $28 XRP. Yep. All going to be"}, {"start": "00:11:52", "end": "00:11:57", "text": "there. It's based off of this chart. The"}, {"start": "00:11:55", "end": "00:11:59", "text": "momentum that we normally would have"}, {"start": "00:11:57", "end": "00:12:02", "text": "would be [snorts] reliant on retail"}, {"start": "00:11:59", "end": "00:12:05", "text": "investors buying into the market. The"}, {"start": "00:12:02", "end": "00:12:08", "text": "issue is is the last two years we've"}, {"start": "00:12:05", "end": "00:12:12", "text": "seen companies, corporations,"}, {"start": "00:12:08", "end": "00:12:13", "text": "governments, and central banks"}, {"start": "00:12:12", "end": "00:12:15", "text": "already [snorts] buying the crypto."}, {"start": "00:12:13", "end": "00:12:19", "text": "Usually a lot of times if you weren't"}, {"start": "00:12:15", "end": "00:12:24", "text": "here in the past, the good news, so to"}, {"start": "00:12:19", "end": "00:12:27", "text": "say, in the crypto market wouldn't begin"}, {"start": "00:12:24", "end": "00:12:28", "text": "until around 2028."}, {"start": "00:12:27", "end": "00:12:31", "text": "That's how it always happens in the"}, {"start": "00:12:28", "end": "00:12:34", "text": "past. So 2016, we'll start getting"}, {"start": "00:12:31", "end": "00:12:37", "text": "really good news about the market. 2017,"}, {"start": "00:12:34", "end": "00:12:40", "text": "prices go up. In 2020, I mean, this was"}, {"start": "00:12:37", "end": "00:12:42", "text": "a bit of a fumble from the universe, but"}, {"start": "00:12:40", "end": "00:12:46", "text": "normally in 2020, we would only hear"}, {"start": "00:12:42", "end": "00:12:49", "text": "nothing but good news in crypto. 2021 is"}, {"start": "00:12:46", "end": "00:12:50", "text": "like the crescendo of the bull run. So,"}, {"start": "00:12:49", "end": "00:12:53", "text": "the fact that we're hearing all this"}, {"start": "00:12:50", "end": "00:12:56", "text": "stuff now has changed the parameters of"}, {"start": "00:12:53", "end": "00:13:00", "text": "what we're normally used to being in. If"}, {"start": "00:12:56", "end": "00:13:03", "text": "we are hearing record high prices 2026,"}, {"start": "00:13:00", "end": "00:13:08", "text": "record high prices 2027, record high"}, {"start": "00:13:03", "end": "00:13:12", "text": "prices 2028, 2029 million Bitcoin. It's"}, {"start": "00:13:08", "end": "00:13:14", "text": "based off of all of these charts."}, {"start": "00:13:12", "end": "00:13:17", "text": "Just have to let you all understand"}, {"start": "00:13:14", "end": "00:13:20", "text": "exactly uh what's at play here and what"}, {"start": "00:13:17", "end": "00:13:24", "text": "these people think is actually going to"}, {"start": "00:13:20", "end": "00:13:27", "text": "happen. is also why you would"}, {"start": "00:13:24", "end": "00:13:31", "text": "logically be timing your upgrade for"}, {"start": "00:13:27", "end": "00:13:35", "text": "your uh coin and or project. This one"}, {"start": "00:13:31", "end": "00:13:40", "text": "ties directly into it as well."}, {"start": "00:13:35", "end": "00:13:42", "text": "Uh basically people have begun to ask AI"}, {"start": "00:13:40", "end": "00:13:45", "text": "where do you think these prices are"}, {"start": "00:13:42", "end": "00:13:49", "text": "going to go? It says, \"Bitcoin heads"}, {"start": "00:13:45", "end": "00:13:52", "text": "into the final months of 2026"}, {"start": "00:13:49", "end": "00:13:55", "text": "with all the ingredients for another"}, {"start": "00:13:52", "end": "00:13:57", "text": "major move. Although the market is far"}, {"start": "00:13:55", "end": "00:14:00", "text": "from universally bullish, I disagree"}, {"start": "00:13:57", "end": "00:14:01", "text": "there. Um, people are using Grock. I"}, {"start": "00:14:00", "end": "00:14:02", "text": "mean, first of all, people are using"}, {"start": "00:14:01", "end": "00:14:04", "text": "every single one. If you didn't see the"}, {"start": "00:14:02", "end": "00:14:06", "text": "videos in summertime, everyone's using"}, {"start": "00:14:04", "end": "00:14:11", "text": "every single AI. And the interesting"}, {"start": "00:14:06", "end": "00:14:14", "text": "part is that they are more or less more"}, {"start": "00:14:11", "end": "00:14:17", "text": "or less coming up with the exact same"}, {"start": "00:14:14", "end": "00:14:21", "text": "numbers as the analysts have also been"}, {"start": "00:14:17", "end": "00:14:23", "text": "doing. Grock AI is predicting Bitcoin"}, {"start": "00:14:21", "end": "00:14:26", "text": "could"}, {"start": "00:14:23", "end": "00:14:29", "text": "reach $180,000"}, {"start": "00:14:26", "end": "00:14:33", "text": "per coin at the start"}, {"start": "00:14:29", "end": "00:14:37", "text": "of 2027. Do you know why that sounds"}, {"start": "00:14:33", "end": "00:14:39", "text": "familiar? Well, Kathy Lee, Tom Wood, uh,"}, {"start": "00:14:37", "end": "00:14:43", "text": "the guy from Coinbase, and multiple"}, {"start": "00:14:39", "end": "00:14:48", "text": "other people said that they"}, {"start": "00:14:43", "end": "00:14:50", "text": "are expecting a $150,000"}, {"start": "00:14:48", "end": "00:14:53", "text": "Bitcoin"}, {"start": "00:14:50", "end": "00:14:57", "text": "in December."}, {"start": "00:14:53", "end": "00:15:01", "text": "That would equate to $180,000"}, {"start": "00:14:57", "end": "00:15:04", "text": "per Bitcoin being a potential reality."}, {"start": "00:15:01", "end": "00:15:09", "text": "It says bullish prediction for Bitcoin"}, {"start": "00:15:04", "end": "00:15:14", "text": "by January 1st, 2027 is approximately"}, {"start": "00:15:09", "end": "00:15:18", "text": "140,000 to $180,000"}, {"start": "00:15:14", "end": "00:15:22", "text": "with a primary target around $150"}, {"start": "00:15:18", "end": "00:15:22", "text": "to $160,000"}, {"start": "00:15:23", "end": "00:15:30", "text": "under the assumption of a fullblown"}, {"start": "00:15:25", "end": "00:15:35", "text": "crypto bull market returning between now"}, {"start": "00:15:30", "end": "00:15:35", "text": "and the end of 2026,"}, {"start": "00:15:35", "end": "00:15:40", "text": "we are in for a ride because"}, {"start": "00:15:39", "end": "00:15:43", "text": "something is going to happen. I know"}, {"start": "00:15:40", "end": "00:15:46", "text": "that sounds ridiculous, but something is"}, {"start": "00:15:43", "end": "00:15:50", "text": "about to take place. I think we're going"}, {"start": "00:15:46", "end": "00:15:53", "text": "to see an increased amount of energy and"}, {"start": "00:15:50", "end": "00:15:56", "text": "momentum the next few weeks as we move"}, {"start": "00:15:53", "end": "00:15:59", "text": "towards October. This isn't like a so"}, {"start": "00:15:56", "end": "00:16:02", "text": "history has kind of put crypto in a very"}, {"start": "00:15:59", "end": "00:16:04", "text": "specific position. People look back"}, {"start": "00:16:02", "end": "00:16:06", "text": "historically and see what has taken"}, {"start": "00:16:04", "end": "00:16:07", "text": "place and they use that to kind of"}, {"start": "00:16:06", "end": "00:16:10", "text": "derive"}, {"start": "00:16:07", "end": "00:16:12", "text": "where the future might be. We have"}, {"start": "00:16:10", "end": "00:16:16", "text": "charts"}, {"start": "00:16:12", "end": "00:16:19", "text": "that are showing the crypto market has"}, {"start": "00:16:16", "end": "00:16:23", "text": "always historically done the exact same"}, {"start": "00:16:19", "end": "00:16:25", "text": "thing at the exact same time."}, {"start": "00:16:23", "end": "00:16:28", "text": "So by the time we get to the beginning"}, {"start": "00:16:25", "end": "00:16:30", "text": "the first week of October, I'm expecting"}, {"start": "00:16:28", "end": "00:16:33", "text": "unless someone throws a wrench in in in"}, {"start": "00:16:30", "end": "00:16:34", "text": "the gears, unless something happens with"}, {"start": "00:16:33", "end": "00:16:36", "text": "tariffs, unless something happens with"}, {"start": "00:16:34", "end": "00:16:38", "text": "the news, unless something hap, you"}, {"start": "00:16:36", "end": "00:16:40", "text": "understand,"}, {"start": "00:16:38", "end": "00:16:42", "text": "I'm expecting everyone to get very antsy"}, {"start": "00:16:40", "end": "00:16:45", "text": "and to start throwing their money into"}, {"start": "00:16:42", "end": "00:16:48", "text": "the market, making the prophecy even"}, {"start": "00:16:45", "end": "00:16:50", "text": "more self-fulfilled. If the money if the"}, {"start": "00:16:48", "end": "00:16:55", "text": "market was already going to move upward"}, {"start": "00:16:50", "end": "00:16:57", "text": "in general, I think the extra money will"}, {"start": "00:16:55", "end": "00:17:00", "text": "push it up even further. If everyone's"}, {"start": "00:16:57", "end": "00:17:02", "text": "anticipating the number one becoming a"}, {"start": "00:17:00", "end": "00:17:03", "text": "number three,"}, {"start": "00:17:02", "end": "00:17:05", "text": "everyone's like, \"We know it's going to"}, {"start": "00:17:03", "end": "00:17:08", "text": "become number three. Let me put money"}, {"start": "00:17:05", "end": "00:17:09", "text": "into it beforehand.\" Which would then"}, {"start": "00:17:08", "end": "00:17:12", "text": "cause other people to move and put money"}, {"start": "00:17:09", "end": "00:17:15", "text": "into it. and then we would essentially"}, {"start": "00:17:12", "end": "00:17:19", "text": "literally see on the 7th of October the"}, {"start": "00:17:15", "end": "00:17:22", "text": "prices have indeed gone up. It's a very"}, {"start": "00:17:19", "end": "00:17:24", "text": "weird time to be in this space. We have"}, {"start": "00:17:22", "end": "00:17:29", "text": "a lot of predictions. We have a lot of"}, {"start": "00:17:24", "end": "00:17:31", "text": "hope. We have a lot of uh math behind"}, {"start": "00:17:29", "end": "00:17:34", "text": "all of this. The difference is this"}, {"start": "00:17:31", "end": "00:17:36", "text": "time, which is also something I'm"}, {"start": "00:17:34", "end": "00:17:38", "text": "expecting, is that we're going to see"}, {"start": "00:17:36", "end": "00:17:41", "text": "very different levels of momentum"}, {"start": "00:17:38", "end": "00:17:45", "text": "compared to what we had before just"}, {"start": "00:17:41", "end": "00:17:48", "text": "because of it's no longer us."}, {"start": "00:17:45", "end": "00:17:51", "text": "It's not just us buying $50 worth of"}, {"start": "00:17:48", "end": "00:17:53", "text": "crypto per week. It's these other"}, {"start": "00:17:51", "end": "00:17:56", "text": "companies who are announcing, \"Yeah, we"}, {"start": "00:17:53", "end": "00:17:59", "text": "just bought $112 million worth of this.\""}, {"start": "00:17:56", "end": "00:18:03", "text": "I think the supply is a lot lower than"}, {"start": "00:17:59", "end": "00:18:08", "text": "people want to understand and I last"}, {"start": "00:18:03", "end": "00:18:10", "text": "thought I would not be upset at all if"}, {"start": "00:18:08", "end": "00:18:11", "text": "we actually start seeing like mega"}, {"start": "00:18:10", "end": "00:18:14", "text": "movements in price. I'm okay of course"}, {"start": "00:18:11", "end": "00:18:18", "text": "with like slow and steady going up but I"}, {"start": "00:18:14", "end": "00:18:21", "text": "think people need that jolt. There's I"}, {"start": "00:18:18", "end": "00:18:22", "text": "want normal people to be in this market."}, {"start": "00:18:21", "end": "00:18:25", "text": "I don't want it to just be what like"}, {"start": "00:18:22", "end": "00:18:28", "text": "what if what's the point of crypto if we"}, {"start": "00:18:25", "end": "00:18:31", "text": "get to60 the year60 and everything is"}, {"start": "00:18:28", "end": "00:18:33", "text": "just owned by governments."}, {"start": "00:18:31", "end": "00:18:35", "text": "I want normal people to be in this"}, {"start": "00:18:33", "end": "00:18:37", "text": "market."}, {"start": "00:18:35", "end": "00:18:40", "text": "But I also think that they need like a"}, {"start": "00:18:37", "end": "00:18:43", "text": "jolt of reality. And I think that will"}, {"start": "00:18:40", "end": "00:18:46", "text": "only come if Bitcoin starts making"}, {"start": "00:18:43", "end": "00:18:48", "text": "movements upward of like 10 15,000 per"}, {"start": "00:18:46", "end": "00:18:50", "text": "week. that will scare the living heck"}, {"start": "00:18:48", "end": "00:18:53", "text": "out of people and make them understand"}, {"start": "00:18:50", "end": "00:18:54", "text": "like people who are not in the market"}, {"start": "00:18:53", "end": "00:18:57", "text": "that they're missing something. They"}, {"start": "00:18:54", "end": "00:18:59", "text": "have to get into something and this is I"}, {"start": "00:18:57", "end": "00:19:00", "text": "just have better hopes for the future. I"}, {"start": "00:18:59", "end": "00:19:03", "text": "just want people to like if this is the"}, {"start": "00:19:00", "end": "00:19:06", "text": "new form of wealth if we end up getting"}, {"start": "00:19:03", "end": "00:19:10", "text": "to the point where if we end up getting"}, {"start": "00:19:06", "end": "00:19:12", "text": "to the point where"}, {"start": "00:19:10", "end": "00:19:16", "text": "one Satoshi would be the equivalent of"}, {"start": "00:19:12", "end": "00:19:19", "text": "$1, I want normal people to have that. I"}, {"start": "00:19:16", "end": "00:19:22", "text": "don't, you know, Michael Sailor having"}, {"start": "00:19:19", "end": "00:19:24", "text": "800,000 is glorious for him, but I want"}, {"start": "00:19:22", "end": "00:19:28", "text": "everyone else to also get a slice of"}, {"start": "00:19:24", "end": "00:19:32", "text": "this gigantic pie as well. So, yes,"}, {"start": "00:19:28", "end": "00:19:37", "text": "everyone, everything everywhere is"}, {"start": "00:19:32", "end": "00:19:39", "text": "predicting the exact same price over and"}, {"start": "00:19:37", "end": "00:19:42", "text": "over. It's not some places, it's"}, {"start": "00:19:39", "end": "00:19:44", "text": "everyone. The only, like I said, the"}, {"start": "00:19:42", "end": "00:19:46", "text": "only deviation that we've seen has come"}, {"start": "00:19:44", "end": "00:19:48", "text": "from Willie Woo, who also didn't really"}, {"start": "00:19:46", "end": "00:19:52", "text": "give a full scope of everything, but his"}, {"start": "00:19:48", "end": "00:19:54", "text": "idea was we could"}, {"start": "00:19:52", "end": "00:19:58", "text": "potentially be in a two-year cycle. We"}, {"start": "00:19:54", "end": "00:20:00", "text": "could be in a six or seven or eight year"}, {"start": "00:19:58", "end": "00:20:02", "text": "cycle. That was the only deviation. It's"}, {"start": "00:20:00", "end": "00:20:05", "text": "it's a matter of how quickly and how"}, {"start": "00:20:02", "end": "00:20:08", "text": "fast prices fall and then rise again. or"}, {"start": "00:20:05", "end": "00:20:11", "text": "if over the course of a 7-year period we"}, {"start": "00:20:08", "end": "00:20:13", "text": "just continuingly see prices go up"}, {"start": "00:20:11", "end": "00:20:16", "text": "higher. Those are the only deviations"}, {"start": "00:20:13", "end": "00:20:19", "text": "that we've seen. Everything else is on"}, {"start": "00:20:16", "end": "00:20:22", "text": "this kind of like"}, {"start": "00:20:19", "end": "00:20:24", "text": "prices go much higher kind of news."}, {"start": "00:20:22", "end": "00:20:27", "text": "This ties"}, {"start": "00:20:24", "end": "00:20:32", "text": "directly into it as well. For those of"}, {"start": "00:20:27", "end": "00:20:35", "text": "you not looking at the screen,"}, {"start": "00:20:32", "end": "00:20:37", "text": "it says Ethereum is on the verge of, and"}, {"start": "00:20:35", "end": "00:20:42", "text": "I quote,"}, {"start": "00:20:37", "end": "00:20:44", "text": "a face ripper rally."}, {"start": "00:20:42", "end": "00:20:46", "text": "This is predicted by the world's largest"}, {"start": "00:20:44", "end": "00:20:49", "text": "corporate holder. Can anybody tell me"}, {"start": "00:20:46", "end": "00:20:50", "text": "why people use these like really weird"}, {"start": "00:20:49", "end": "00:20:52", "text": "phrases? There was, what was the other"}, {"start": "00:20:50", "end": "00:20:55", "text": "one that came out last year? Somebody"}, {"start": "00:20:52", "end": "00:20:57", "text": "was like, um,"}, {"start": "00:20:55", "end": "00:20:59", "text": "it'll snatch heads. Like I for what did"}, {"start": "00:20:57", "end": "00:21:02", "text": "someone say?"}, {"start": "00:20:59", "end": "00:21:04", "text": "There's always some kind of like action"}, {"start": "00:21:02", "end": "00:21:06", "text": "movie kind of answer like Ethereum can't"}, {"start": "00:21:04", "end": "00:21:09", "text": "just go up normally. Ethereum can't move"}, {"start": "00:21:06", "end": "00:21:12", "text": "up parabolically. It has to have a face"}, {"start": "00:21:09", "end": "00:21:13", "text": "ripper rally."}, {"start": "00:21:12", "end": "00:21:15", "text": "That was a real question I was asking."}, {"start": "00:21:13", "end": "00:21:17", "text": "Like, do you know why? Like, is there is"}, {"start": "00:21:15", "end": "00:21:19", "text": "there some part of the internet that I'm"}, {"start": "00:21:17", "end": "00:21:20", "text": "not on? Like, is that what the is that"}, {"start": "00:21:19", "end": "00:21:23", "text": "what all the cool kids are saying now?"}, {"start": "00:21:20", "end": "00:21:27", "text": "because I I don't get it. Uh Tom Lee is"}, {"start": "00:21:23", "end": "00:21:30", "text": "doubling down on a face ripper Ethereum"}, {"start": "00:21:27", "end": "00:21:35", "text": "rally as Ethereum jumps over 7%"}, {"start": "00:21:30", "end": "00:21:37", "text": "following the US inflation report. Um"}, {"start": "00:21:35", "end": "00:21:40", "text": "cool. So I really don't know where to go"}, {"start": "00:21:37", "end": "00:21:43", "text": "with that one because of the intensity"}, {"start": "00:21:40", "end": "00:21:46", "text": "of the words, but [clears throat]"}, {"start": "00:21:43", "end": "00:21:48", "text": "uh we also heard from"}, {"start": "00:21:46", "end": "00:21:51", "text": "what's this guy's name? The guy with the"}, {"start": "00:21:48", "end": "00:21:54", "text": "the guy with the face. Um,"}, {"start": "00:21:51", "end": "00:22:00", "text": "Arthur Arthur Hayes Arthur Hayes said"}, {"start": "00:21:54", "end": "00:22:04", "text": "he's expecting five a 5,000"}, {"start": "00:22:00", "end": "00:22:07", "text": "$5,000 Ethereum by December. Tom Lee"}, {"start": "00:22:04", "end": "00:22:08", "text": "said 6,000 and this is all supposed to"}, {"start": "00:22:07", "end": "00:22:11", "text": "transpire"}, {"start": "00:22:08", "end": "00:22:17", "text": "after the beginning of October. There's"}, {"start": "00:22:11", "end": "00:22:20", "text": "a lot at stake here. There's a lot of uh"}, {"start": "00:22:17", "end": "00:22:23", "text": "credibility is also like a big thing."}, {"start": "00:22:20", "end": "00:22:27", "text": "These people have been telling us for"}, {"start": "00:22:23", "end": "00:22:30", "text": "almost a year about where prices are"}, {"start": "00:22:27", "end": "00:22:32", "text": "going to go in 2026."}, {"start": "00:22:30", "end": "00:22:34", "text": "my and I'll be honest with you, um it's"}, {"start": "00:22:32", "end": "00:22:37", "text": "difficult to hear something every single"}, {"start": "00:22:34", "end": "00:22:39", "text": "day from the people who own billions of"}, {"start": "00:22:37", "end": "00:22:41", "text": "dollars worth of crypto uh that"}, {"start": "00:22:39", "end": "00:22:44", "text": "something's going to happen and then it"}, {"start": "00:22:41", "end": "00:22:48", "text": "doesn't end up happening."}, {"start": "00:22:44", "end": "00:22:53", "text": "I am completely myself expecting"}, {"start": "00:22:48", "end": "00:22:56", "text": "uh a $5,000 Ethereum. I'm expecting a"}, {"start": "00:22:53", "end": "00:22:56", "text": "$164,000"}, {"start": "00:22:56", "end": "00:23:03", "text": "Bitcoin by December. I'm looking forward"}, {"start": "00:22:59", "end": "00:23:07", "text": "to a a a $7.93"}, {"start": "00:23:03", "end": "00:23:09", "text": "XRP and a $ five dollar Cardono."}, {"start": "00:23:07", "end": "00:23:13", "text": "Anyone else? And I mean like by the end"}, {"start": "00:23:09", "end": "00:23:16", "text": "of this year uh because you and I have"}, {"start": "00:23:13", "end": "00:23:17", "text": "been told this constantly and it's only"}, {"start": "00:23:16", "end": "00:23:21", "text": "as I've been saying it's only been"}, {"start": "00:23:17", "end": "00:23:24", "text": "ramping up further the last few weeks."}, {"start": "00:23:21", "end": "00:23:26", "text": "It is the anticipation of more adoption,"}, {"start": "00:23:24", "end": "00:23:29", "text": "of more corporate holding, of more"}, {"start": "00:23:26", "end": "00:23:31", "text": "government buying, of more sovereign"}, {"start": "00:23:29", "end": "00:23:35", "text": "this, of US debt levels going higher."}, {"start": "00:23:31", "end": "00:23:38", "text": "Like it is a complete accumulation"}, {"start": "00:23:35", "end": "00:23:40", "text": "of about 15 different things. We are"}, {"start": "00:23:38", "end": "00:23:43", "text": "also, do not forget this, you and"}, {"start": "00:23:40", "end": "00:23:45", "text": "[snorts] I are also sometime this year"}, {"start": "00:23:43", "end": "00:23:47", "text": "supposed"}, {"start": "00:23:45", "end": "00:23:50", "text": "to be hearing about more uh like bank"}, {"start": "00:23:47", "end": "00:23:53", "text": "adoption. That was also something around"}, {"start": "00:23:50", "end": "00:23:56", "text": "summertime we were lightly told that we"}, {"start": "00:23:53", "end": "00:23:58", "text": "would begin to hear more news about"}, {"start": "00:23:56", "end": "00:24:00", "text": "companies and corporations who are using"}, {"start": "00:23:58", "end": "00:24:02", "text": "specific coins. We got some of that a"}, {"start": "00:24:00", "end": "00:24:07", "text": "couple months ago. That's where we got a"}, {"start": "00:24:02", "end": "00:24:10", "text": "lot of the uh Ethereum, Salana, XRP,"}, {"start": "00:24:07", "end": "00:24:14", "text": "uh Polygon, Algarand, Hyera, and one"}, {"start": "00:24:10", "end": "00:24:17", "text": "other coin kind of news. Uh but I'm"}, {"start": "00:24:14", "end": "00:24:20", "text": "waiting. I I would love to hear more"}, {"start": "00:24:17", "end": "00:24:23", "text": "about these uh central banks who are"}, {"start": "00:24:20", "end": "00:24:26", "text": "definitely going to be using XRP and"}, {"start": "00:24:23", "end": "00:24:28", "text": "Ethereum for their stable coins because"}, {"start": "00:24:26", "end": "00:24:33", "text": "that would also probably pump up prices"}, {"start": "00:24:28", "end": "00:24:35", "text": "as well. But yes, face ripper rally."}, {"start": "00:24:33", "end": "00:24:38", "text": "Geez Louise, couldn't find any other"}, {"start": "00:24:35", "end": "00:24:41", "text": "words. But yeah,"}, {"start": "00:24:38", "end": "00:24:44", "text": "um I believe hold on. Yeah, that's"}, {"start": "00:24:41", "end": "00:24:47", "text": "that's all the price news that we have"}, {"start": "00:24:44", "end": "00:24:49", "text": "for now. Um, everyone keeps saying"}, {"start": "00:24:47", "end": "00:24:51", "text": "prices are going higher. I do believe"}, {"start": "00:24:49", "end": "00:24:54", "text": "they will."}, {"start": "00:24:51", "end": "00:24:58", "text": "It's just for me a matter of like when"}, {"start": "00:24:54", "end": "00:25:01", "text": "will that event um [clears throat]"}, {"start": "00:24:58", "end": "00:25:03", "text": "take place."}, {"start": "00:25:01", "end": "00:25:07", "text": "Okie dokie."}, {"start": "00:25:03", "end": "00:25:07", "text": "Let's move on."}, {"start": "00:25:07", "end": "00:25:15", "text": "I um this isn't an I told you so. It's"}, {"start": "00:25:11", "end": "00:25:18", "text": "just more of a let's let's all start"}, {"start": "00:25:15", "end": "00:25:19", "text": "using logic."}, {"start": "00:25:18", "end": "00:25:23", "text": "For those of you not looking at the"}, {"start": "00:25:19", "end": "00:25:27", "text": "screen, it says Bitwise is going to"}, {"start": "00:25:23", "end": "00:25:31", "text": "liquidate their Dogecoin ETF with final"}, {"start": "00:25:27", "end": "00:25:33", "text": "trading expected on the 14th of October."}, {"start": "00:25:31", "end": "00:25:37", "text": "I've had a very simple mantra since"}, {"start": "00:25:33", "end": "00:25:40", "text": "starting this channel as I do not know"}, {"start": "00:25:37", "end": "00:25:43", "text": "everything. It is impossible. I have"}, {"start": "00:25:40", "end": "00:25:47", "text": "hinged a lot of my beliefs on what we"}, {"start": "00:25:43", "end": "00:25:50", "text": "get in the news. So, you and I will go"}, {"start": "00:25:47", "end": "00:25:52", "text": "over the news together and we will hear"}, {"start": "00:25:50", "end": "00:25:56", "text": "very specific companies, specific"}, {"start": "00:25:52", "end": "00:25:58", "text": "entities uh doing very specific things."}, {"start": "00:25:56", "end": "00:26:00", "text": "For a number of years, people used to"}, {"start": "00:25:58", "end": "00:26:04", "text": "get qu I remember this. People used to"}, {"start": "00:26:00", "end": "00:26:08", "text": "get quite upset with me if I didn't say"}, {"start": "00:26:04", "end": "00:26:09", "text": "the name of their coin in a video. So, I"}, {"start": "00:26:08", "end": "00:26:12", "text": "used to actually I mean I used to like"}, {"start": "00:26:09", "end": "00:26:14", "text": "dig deep. I used to try and find news"}, {"start": "00:26:12", "end": "00:26:16", "text": "about very obscure coins because I was"}, {"start": "00:26:14", "end": "00:26:18", "text": "like people want news about their coins."}, {"start": "00:26:16", "end": "00:26:22", "text": "And a lot of times the news that I would"}, {"start": "00:26:18", "end": "00:26:24", "text": "find would be like very like very janky."}, {"start": "00:26:22", "end": "00:26:26", "text": "It wouldn't like really make a lot of"}, {"start": "00:26:24", "end": "00:26:29", "text": "sense. it would seem like slightly"}, {"start": "00:26:26", "end": "00:26:31", "text": "scammy in some sort of way or like it"}, {"start": "00:26:29", "end": "00:26:33", "text": "just wouldn't really. So like a lot of"}, {"start": "00:26:31", "end": "00:26:35", "text": "times we would have news about Bitcoin"}, {"start": "00:26:33", "end": "00:26:36", "text": "and people would get upset. Why is"}, {"start": "00:26:35", "end": "00:26:38", "text": "everything about Bitcoin? And I was like"}, {"start": "00:26:36", "end": "00:26:40", "text": "well Bitcoin's the market and they would"}, {"start": "00:26:38", "end": "00:26:42", "text": "go no why not flip the flop the fluke"}, {"start": "00:26:40", "end": "00:26:44", "text": "coin. So I would find news about flip"}, {"start": "00:26:42", "end": "00:26:46", "text": "the flop the fluke and it was the news"}, {"start": "00:26:44", "end": "00:26:51", "text": "was like the coin's trading volume is"}, {"start": "00:26:46", "end": "00:26:54", "text": "like $500 per day. Not $500,000"}, {"start": "00:26:51", "end": "00:26:56", "text": "but $500 per day. no one's really"}, {"start": "00:26:54", "end": "00:26:57", "text": "trading it. People would ask me for all"}, {"start": "00:26:56", "end": "00:26:59", "text": "these coins and I would bring them the"}, {"start": "00:26:57", "end": "00:27:02", "text": "news and people would get upset because"}, {"start": "00:26:59", "end": "00:27:06", "text": "blah blah blah blah. The worst was if I"}, {"start": "00:27:02", "end": "00:27:08", "text": "ever mentioned XRP uh as like actually"}, {"start": "00:27:06", "end": "00:27:10", "text": "doing something or when XRP became the"}, {"start": "00:27:08", "end": "00:27:12", "text": "number two coin or when Ripple started"}, {"start": "00:27:10", "end": "00:27:14", "text": "working with like other companies,"}, {"start": "00:27:12", "end": "00:27:17", "text": "everyone was like stop shilling Ripple"}, {"start": "00:27:14", "end": "00:27:19", "text": "and XRP. I hope that we've moved past"}, {"start": "00:27:17", "end": "00:27:22", "text": "those moments, but I need you to"}, {"start": "00:27:19", "end": "00:27:25", "text": "understand that when you talk about"}, {"start": "00:27:22", "end": "00:27:25", "text": "actual"}, {"start": "00:27:25", "end": "00:27:32", "text": "adoption and usage of cryptocurrencies,"}, {"start": "00:27:29", "end": "00:27:34", "text": "we're in a very like narrow field."}, {"start": "00:27:32", "end": "00:27:35", "text": "There are over a 100,000"}, {"start": "00:27:34", "end": "00:27:37", "text": "cryptocurrencies."}, {"start": "00:27:35", "end": "00:27:41", "text": "We don't need all of them. They're not"}, {"start": "00:27:37", "end": "00:27:43", "text": "going to be used. So, several years ago,"}, {"start": "00:27:41", "end": "00:27:46", "text": "um, a lot of other coins started to"}, {"start": "00:27:43", "end": "00:27:48", "text": "become more popular. They were Shea Enu."}, {"start": "00:27:46", "end": "00:27:52", "text": "Uh what's that other coin that"}, {"start": "00:27:48", "end": "00:27:53", "text": "collapsed? The the one the one that um I"}, {"start": "00:27:52", "end": "00:27:56", "text": "can't remember what it was called. Uh"}, {"start": "00:27:53", "end": "00:27:58", "text": "the one that dropped by like 99% in one"}, {"start": "00:27:56", "end": "00:28:00", "text": "day. This like three or four years ago."}, {"start": "00:27:58", "end": "00:28:01", "text": "Can't remember the name of it. Uh all"}, {"start": "00:28:00", "end": "00:28:03", "text": "these coins like you know they they had"}, {"start": "00:28:01", "end": "00:28:04", "text": "like revival or they started popping up"}, {"start": "00:28:03", "end": "00:28:07", "text": "in the news. But a lot of times the news"}, {"start": "00:28:04", "end": "00:28:10", "text": "that we had about them was how many"}, {"start": "00:28:07", "end": "00:28:11", "text": "coins were burned or the CEO would say"}, {"start": "00:28:10", "end": "00:28:12", "text": "something about the project like yeah"}, {"start": "00:28:11", "end": "00:28:17", "text": "like we're going to come back better"}, {"start": "00:28:12", "end": "00:28:19", "text": "than ever etc etc etc. And Dogecoin was"}, {"start": "00:28:17", "end": "00:28:24", "text": "one of those coins that kept on popping"}, {"start": "00:28:19", "end": "00:28:26", "text": "up and it was prominently"}, {"start": "00:28:24", "end": "00:28:28", "text": "prominently in the news and I kept on"}, {"start": "00:28:26", "end": "00:28:32", "text": "telling people during the videos I was"}, {"start": "00:28:28", "end": "00:28:34", "text": "like no one's using Dogecoin though."}, {"start": "00:28:32", "end": "00:28:37", "text": "remember like years ago I started saying"}, {"start": "00:28:34", "end": "00:28:38", "text": "I was like hey uh start seeing if these"}, {"start": "00:28:37", "end": "00:28:41", "text": "coins are actually right for your"}, {"start": "00:28:38", "end": "00:28:42", "text": "portfolio you know have have a long"}, {"start": "00:28:41", "end": "00:28:45", "text": "conversation with your portfolio today"}, {"start": "00:28:42", "end": "00:28:49", "text": "because no one's actually using"}, {"start": "00:28:45", "end": "00:28:52", "text": "these coins. Dogecoin became more"}, {"start": "00:28:49", "end": "00:28:55", "text": "popular. This is real when Elon Musk"}, {"start": "00:28:52", "end": "00:28:58", "text": "announced that you could buy I think"}, {"start": "00:28:55", "end": "00:29:02", "text": "keychains like Tesla keychains with"}, {"start": "00:28:58", "end": "00:29:05", "text": "Dogecoin. He wore a Dogecoin hat. He"}, {"start": "00:29:02", "end": "00:29:08", "text": "wore a Dogecoin shirt at one event. He"}, {"start": "00:29:05", "end": "00:29:11", "text": "went on to uh SNL one time, Saturday"}, {"start": "00:29:08", "end": "00:29:15", "text": "Night Live, and was talking about Doge."}, {"start": "00:29:11", "end": "00:29:17", "text": "And I was like, well, that's"}, {"start": "00:29:15", "end": "00:29:20", "text": "that's fantastic, but no one's actually"}, {"start": "00:29:17", "end": "00:29:22", "text": "using the coin. So then about three"}, {"start": "00:29:20", "end": "00:29:24", "text": "months ago, like from today, there was"}, {"start": "00:29:22", "end": "00:29:27", "text": "an article that said they were talking"}, {"start": "00:29:24", "end": "00:29:30", "text": "about all the different ETFs out there."}, {"start": "00:29:27", "end": "00:29:33", "text": "And there is a Dogecoin ETF as you can"}, {"start": "00:29:30", "end": "00:29:36", "text": "see on the screen. The the the the"}, {"start": "00:29:33", "end": "00:29:38", "text": "trading volume. So like Bitcoin, Bitcoin"}, {"start": "00:29:36", "end": "00:29:40", "text": "daily, if you go into like Coin Market"}, {"start": "00:29:38", "end": "00:29:42", "text": "Cap, you can see like how much money has"}, {"start": "00:29:40", "end": "00:29:45", "text": "moved within the Bitcoin ecosystem in"}, {"start": "00:29:42", "end": "00:29:49", "text": "one day. Like it's billions of dollars,"}, {"start": "00:29:45", "end": "00:29:52", "text": "billions of dollars. The Dogecoin ETF"}, {"start": "00:29:49", "end": "00:29:55", "text": "had zero dollars."}, {"start": "00:29:52", "end": "00:29:58", "text": "like like zero zero like not like a fake"}, {"start": "00:29:55", "end": "00:30:01", "text": "zero like it was zero no one's using it"}, {"start": "00:29:58", "end": "00:30:05", "text": "no one's buying it no one's adopting it"}, {"start": "00:30:01", "end": "00:30:07", "text": "I I I tend personally to get slightly or"}, {"start": "00:30:05", "end": "00:30:09", "text": "mega confused"}, {"start": "00:30:07", "end": "00:30:13", "text": "if you and I"}, {"start": "00:30:09", "end": "00:30:16", "text": "are going over the news constantly"}, {"start": "00:30:13", "end": "00:30:19", "text": "and we are mainly"}, {"start": "00:30:16", "end": "00:30:21", "text": "Bitcoin sits at the top of the pyramid"}, {"start": "00:30:19", "end": "00:30:23", "text": "it goes something like this we hear"}, {"start": "00:30:21", "end": "00:30:25", "text": "about Bitcoin all the time. We hear"}, {"start": "00:30:23", "end": "00:30:28", "text": "about Ethereum. A lot of the time we"}, {"start": "00:30:25", "end": "00:30:30", "text": "hear about XRP some of the time. They"}, {"start": "00:30:28", "end": "00:30:33", "text": "tend to garner the most attention within"}, {"start": "00:30:30", "end": "00:30:36", "text": "the news scope. We've been hearing a bit"}, {"start": "00:30:33", "end": "00:30:39", "text": "about adoption from Salana, about"}, {"start": "00:30:36", "end": "00:30:41", "text": "Polygon, about Algarand. We had Chain"}, {"start": "00:30:39", "end": "00:30:43", "text": "Link in the news one time and once"}, {"start": "00:30:41", "end": "00:30:47", "text": "again, one time,"}, {"start": "00:30:43", "end": "00:30:50", "text": "not 147, it was one time. We had uh"}, {"start": "00:30:47", "end": "00:30:54", "text": "Stellar Lumens in the news twice this"}, {"start": "00:30:50", "end": "00:30:56", "text": "year. you can kind of, you know, lay out"}, {"start": "00:30:54", "end": "00:30:57", "text": "which coins are actually popular and"}, {"start": "00:30:56", "end": "00:31:00", "text": "which are just kind of appearing in the"}, {"start": "00:30:57", "end": "00:31:04", "text": "news. Dogecoin has appeared, I believe,"}, {"start": "00:31:00", "end": "00:31:09", "text": "thrice in the news this year."}, {"start": "00:31:04", "end": "00:31:12", "text": "One of the times was about 0 ETF and and"}, {"start": "00:31:09", "end": "00:31:13", "text": "the third time right now is that the ETF"}, {"start": "00:31:12", "end": "00:31:15", "text": "is going to be liquidated. For those of"}, {"start": "00:31:13", "end": "00:31:17", "text": "you who do not know what that means,"}, {"start": "00:31:15", "end": "00:31:21", "text": "like it's going to be closed down. No"}, {"start": "00:31:17", "end": "00:31:21", "text": "one's using it."}, {"start": "00:31:21", "end": "00:31:26", "text": "So, one of my biggest fears about the"}, {"start": "00:31:24", "end": "00:31:28", "text": "crypto market is that"}, {"start": "00:31:26", "end": "00:31:31", "text": "when"}, {"start": "00:31:28", "end": "00:31:33", "text": "the market begins to like really go up a"}, {"start": "00:31:31", "end": "00:31:36", "text": "lot higher and we're like aiming for"}, {"start": "00:31:33", "end": "00:31:38", "text": "$160,000 Bitcoin, we're going to have a"}, {"start": "00:31:36", "end": "00:31:40", "text": "lot of people move into the crypto space"}, {"start": "00:31:38", "end": "00:31:42", "text": "and they're not going to know what to do"}, {"start": "00:31:40", "end": "00:31:44", "text": "and they're going to start buying a lot"}, {"start": "00:31:42", "end": "00:31:47", "text": "of coins that like are going to go"}, {"start": "00:31:44", "end": "00:31:50", "text": "nowhere because of this idea that all"}, {"start": "00:31:47", "end": "00:31:52", "text": "coin go up. I make tons of money. But"}, {"start": "00:31:50", "end": "00:31:53", "text": "this also ties into people not really"}, {"start": "00:31:52", "end": "00:31:56", "text": "looking"}, {"start": "00:31:53", "end": "00:32:00", "text": "into like the what's it called?"}, {"start": "00:31:56", "end": "00:32:04", "text": "Not many people think long term is what"}, {"start": "00:32:00", "end": "00:32:07", "text": "I'm going to say. But yeah, this um news"}, {"start": "00:32:04", "end": "00:32:09", "text": "was not met with much fanfare. People"}, {"start": "00:32:07", "end": "00:32:11", "text": "were actually quite annoyed."}, {"start": "00:32:09", "end": "00:32:14", "text": "I"}, {"start": "00:32:11", "end": "00:32:16", "text": "will leave you with this."}, {"start": "00:32:14", "end": "00:32:20", "text": "As much as you might like the things"}, {"start": "00:32:16", "end": "00:32:23", "text": "that uh Elon Musk says, I would implore"}, {"start": "00:32:20", "end": "00:32:26", "text": "you always to actually just look into"}, {"start": "00:32:23", "end": "00:32:30", "text": "like actual movements of in investments"}, {"start": "00:32:26", "end": "00:32:33", "text": "in in general. If you like gold and"}, {"start": "00:32:30", "end": "00:32:35", "text": "silver a lot, do a lot of research and"}, {"start": "00:32:33", "end": "00:32:38", "text": "see like what the actual like momentum"}, {"start": "00:32:35", "end": "00:32:40", "text": "of these metals are."}, {"start": "00:32:38", "end": "00:32:41", "text": "Are people using them? Are people buying"}, {"start": "00:32:40", "end": "00:32:43", "text": "them? What's the liquidity? Can you get"}, {"start": "00:32:41", "end": "00:32:46", "text": "rid of them? was like what are the price"}, {"start": "00:32:43", "end": "00:32:50", "text": "charts when it comes to Dogecoin?"}, {"start": "00:32:46", "end": "00:32:54", "text": "It was created as a literal joke. It you"}, {"start": "00:32:50", "end": "00:32:56", "text": "know how old and obscure Dogecoin is? It"}, {"start": "00:32:54", "end": "00:32:59", "text": "was created before we even used the word"}, {"start": "00:32:56", "end": "00:33:01", "text": "meme."}, {"start": "00:32:59", "end": "00:33:04", "text": "Yeah. When Dogecoin was created, the"}, {"start": "00:33:01", "end": "00:33:08", "text": "word meme meme was not a thing. It was"}, {"start": "00:33:04", "end": "00:33:08", "text": "known as a joke coin."}, {"start": "00:33:08", "end": "00:33:15", "text": "So there was never and I listen I don't"}, {"start": "00:33:12", "end": "00:33:17", "text": "know what the year 2041 holds for us but"}, {"start": "00:33:15", "end": "00:33:21", "text": "there was probably never an instance"}, {"start": "00:33:17", "end": "00:33:24", "text": "where you were going to go into a store"}, {"start": "00:33:21", "end": "00:33:26", "text": "and pay with doggycoin."}, {"start": "00:33:24", "end": "00:33:29", "text": "You know what there is a real chance of"}, {"start": "00:33:26", "end": "00:33:31", "text": "you going into a store and paying with"}, {"start": "00:33:29", "end": "00:33:34", "text": "bitcoin. You know what? There is a real"}, {"start": "00:33:31", "end": "00:33:36", "text": "chance of using your actual banking app."}, {"start": "00:33:34", "end": "00:33:38", "text": "And you say, \"Hey, I want to send $1,000"}, {"start": "00:33:36", "end": "00:33:41", "text": "that way.\" And they go, \"Do you want to"}, {"start": "00:33:38", "end": "00:33:44", "text": "use uh the Ethereum blockchain? Would"}, {"start": "00:33:41", "end": "00:33:47", "text": "you like to send it in XRP? We also have"}, {"start": "00:33:44", "end": "00:33:51", "text": "the Ripple stable coin available that"}, {"start": "00:33:47", "end": "00:33:54", "text": "that's actually going to happen.\" So"}, {"start": "00:33:51", "end": "00:33:56", "text": "yeah, um I saw this news and thought it"}, {"start": "00:33:54", "end": "00:34:02", "text": "important to share it with all of you"}, {"start": "00:33:56", "end": "00:34:05", "text": "because um these people are telling us"}, {"start": "00:34:02", "end": "00:34:09", "text": "which coins that they are buying."}, {"start": "00:34:05", "end": "00:34:12", "text": "Visa and Mastercard have explicitly said"}, {"start": "00:34:09", "end": "00:34:14", "text": "out loud that they're using certain"}, {"start": "00:34:12", "end": "00:34:16", "text": "coins."}, {"start": "00:34:14", "end": "00:34:18", "text": "We just recently heard from the Bank for"}, {"start": "00:34:16", "end": "00:34:21", "text": "International Settlements that they're"}, {"start": "00:34:18", "end": "00:34:23", "text": "also testing XRP for like settlement on"}, {"start": "00:34:21", "end": "00:34:27", "text": "some kind of a whatever it is like"}, {"start": "00:34:23", "end": "00:34:31", "text": "they're like they're telling us at what"}, {"start": "00:34:27", "end": "00:34:36", "text": "point this year did you hear the words"}, {"start": "00:34:31", "end": "00:34:39", "text": "Tron, Sheiba Enu, or Dogecoin as"}, {"start": "00:34:36", "end": "00:34:43", "text": "something that any company was buying,"}, {"start": "00:34:39", "end": "00:34:46", "text": "using, hoarding, or integrating into"}, {"start": "00:34:43", "end": "00:34:48", "text": "their systems. That is a real question."}, {"start": "00:34:46", "end": "00:34:51", "text": "So,"}, {"start": "00:34:48", "end": "00:34:53", "text": "um I do hope you've all enjoyed. I hope"}, {"start": "00:34:51", "end": "00:34:55", "text": "you all continue to pay attention to"}, {"start": "00:34:53", "end": "00:34:57", "text": "what these rich people are explicitly"}, {"start": "00:34:55", "end": "00:35:00", "text": "telling us. Uh cuz they're they're"}, {"start": "00:34:57", "end": "00:35:03", "text": "literally pointing, hey, I'm looking at"}, {"start": "00:35:00", "end": "00:35:04", "text": "that thing. You then shouldn't be"}, {"start": "00:35:03", "end": "00:35:06", "text": "running three miles away to try and"}, {"start": "00:35:04", "end": "00:35:08", "text": "accumulate something else. They're"}, {"start": "00:35:06", "end": "00:35:10", "text": "they're they're like they're telling us"}, {"start": "00:35:08", "end": "00:35:13", "text": "every single day. Like we know we know"}, {"start": "00:35:10", "end": "00:35:15", "text": "what coins they're buying and holding"}, {"start": "00:35:13", "end": "00:35:18", "text": "and using."}, {"start": "00:35:15", "end": "00:35:20", "text": "Well, I hope you've all enjoyed. I hope"}, {"start": "00:35:18", "end": "00:35:22", "text": "you all are having a great day, a great"}, {"start": "00:35:20", "end": "00:35:24", "text": "morning, afternoon, evening, wherever"}, {"start": "00:35:22", "end": "00:35:27", "text": "you are, wherever you might be. I do"}, {"start": "00:35:24", "end": "00:35:27", "text": "hope it's absolutely"}, {"start": "00:35:27", "end": "00:35:31", "text": "fantastic. Thank you all once again for"}, {"start": "00:35:30", "end": "00:35:34", "text": "watching, listening, liking, commenting,"}, {"start": "00:35:31", "end": "00:35:36", "text": "and supporting. And I will most"}, {"start": "00:35:34", "end": "00:35:39", "text": "certainly be talking"}, {"start": "00:35:36", "end": "00:35:43", "text": "to you all soon."}, {"start": "00:35:39", "end": "00:35:43", "text": "See you."}]

[{"start": "00:00:01", "end": "00:00:07", "text": "Good morning everybody. Uh hello"}, {"start": "00:00:05", "end": "00:00:12", "text": "everybody."}, {"start": "00:00:07", "end": "00:00:15", "text": "Welcome back for another video."}, {"start": "00:00:12", "end": "00:00:17", "text": "Hope you're all doing well. Hope you're"}, {"start": "00:00:15", "end": "00:00:23", "text": "all doing great and that you're all"}, {"start": "00:00:17", "end": "00:00:25", "text": "having a great day. Very big thank you"}, {"start": "00:00:23", "end": "00:00:30", "text": "to Livy OC,"}, {"start": "00:00:25", "end": "00:00:34", "text": "FT Clown, Lyall Austin, Alexander the"}, {"start": "00:00:30", "end": "00:00:38", "text": "Greek, Gypsy Queen, Trent Jackson,"}, {"start": "00:00:34", "end": "00:00:41", "text": "Gailaboa Snake, and Finley Bass. Very"}, {"start": "00:00:38", "end": "00:00:43", "text": "big thank you to my Patreon supporters."}, {"start": "00:00:41", "end": "00:00:46", "text": "Don't forget to leave a like on the"}, {"start": "00:00:43", "end": "00:00:49", "text": "video. Uh, and if you're looking to"}, {"start": "00:00:46", "end": "00:00:51", "text": "support the channel in any way, there"}, {"start": "00:00:49", "end": "00:00:54", "text": "are a number of links in the description"}, {"start": "00:00:51", "end": "00:00:57", "text": "below. I'm sitting here like trying to"}, {"start": "00:00:54", "end": "00:01:01", "text": "get my eyes to open. I I feel like I'm I"}, {"start": "00:00:57", "end": "00:01:03", "text": "feel like I'm halfway there. Uh, welcome"}, {"start": "00:01:01", "end": "00:01:06", "text": "back everyone. How's it going? What's"}, {"start": "00:01:03", "end": "00:01:08", "text": "What's new? What you doing?"}, {"start": "00:01:06", "end": "00:01:10", "text": "How have your last couple days been?"}, {"start": "00:01:08", "end": "00:01:14", "text": "[clears throat] Have you all been"}, {"start": "00:01:10", "end": "00:01:16", "text": "investing as you as you definitely"}, {"start": "00:01:14", "end": "00:01:18", "text": "should? There's so many weird things"}, {"start": "00:01:16", "end": "00:01:21", "text": "happening all over the place at the"}, {"start": "00:01:18", "end": "00:01:23", "text": "exact same time and I I just I just"}, {"start": "00:01:21", "end": "00:01:27", "text": "don't really get it. Uh and and so much"}, {"start": "00:01:23", "end": "00:01:30", "text": "of crypto news as well lately. It just"}, {"start": "00:01:27", "end": "00:01:34", "text": "it's just been a little bit bizarre. I I"}, {"start": "00:01:30", "end": "00:01:37", "text": "think it's just tons of worlds kind of"}, {"start": "00:01:34", "end": "00:01:40", "text": "converging together in some form or"}, {"start": "00:01:37", "end": "00:01:41", "text": "capacity. I I really I can't actually"}, {"start": "00:01:40", "end": "00:01:44", "text": "figure it out. Even some of the news"}, {"start": "00:01:41", "end": "00:01:46", "text": "that we get is also like oh that's a"}, {"start": "00:01:44", "end": "00:01:48", "text": "little"}, {"start": "00:01:46", "end": "00:01:51", "text": "that's a little weird. The price"}, {"start": "00:01:48", "end": "00:01:53", "text": "predictions remain in the market. Uh"}, {"start": "00:01:51", "end": "00:01:56", "text": "expectations"}, {"start": "00:01:53", "end": "00:02:00", "text": "despite news or otherwise uh still"}, {"start": "00:01:56", "end": "00:02:03", "text": "remain quite up there. There's a I saw a"}, {"start": "00:02:00", "end": "00:02:06", "text": "lot of articles uh recently on different"}, {"start": "00:02:03", "end": "00:02:09", "text": "news websites revolving around like US"}, {"start": "00:02:06", "end": "00:02:10", "text": "debt levels and how this might cause"}, {"start": "00:02:09", "end": "00:02:14", "text": "some shakiness in some different"}, {"start": "00:02:10", "end": "00:02:16", "text": "markets. And as always in in between"}, {"start": "00:02:14", "end": "00:02:20", "text": "that there's just a huge amount of this"}, {"start": "00:02:16", "end": "00:02:24", "text": "like optimistic crypto news"}, {"start": "00:02:20", "end": "00:02:26", "text": "that continues to uh float around. So,"}, {"start": "00:02:24", "end": "00:02:29", "text": "one of the main topics right now, and"}, {"start": "00:02:26", "end": "00:02:32", "text": "it's completely logical, is uh where"}, {"start": "00:02:29", "end": "00:02:36", "text": "prices are going. And I say it this way."}, {"start": "00:02:32", "end": "00:02:39", "text": "Um we, you and I, uh we've I don't want"}, {"start": "00:02:36", "end": "00:02:41", "text": "to use the P word."}, {"start": "00:02:39", "end": "00:02:45", "text": "You, you and I have kind of almost been"}, {"start": "00:02:41", "end": "00:02:48", "text": "like promised higher prices,"}, {"start": "00:02:45", "end": "00:02:50", "text": "if you catch my drift. Uh there's a a"}, {"start": "00:02:48", "end": "00:02:53", "text": "longstanding"}, {"start": "00:02:50", "end": "00:02:55", "text": "energy in the cryptocurrency space that"}, {"start": "00:02:53", "end": "00:02:58", "text": "prices will rise. Uh this time is"}, {"start": "00:02:55", "end": "00:03:00", "text": "dramatically different"}, {"start": "00:02:58", "end": "00:03:04", "text": "simply because this has actual backing"}, {"start": "00:03:00", "end": "00:03:05", "text": "behind it. This isn't us uh wishing that"}, {"start": "00:03:04", "end": "00:03:08", "text": "people would get into the market and"}, {"start": "00:03:05", "end": "00:03:11", "text": "that prices would go higher. Uh we're"}, {"start": "00:03:08", "end": "00:03:14", "text": "seeing hundreds of billions of dollars"}, {"start": "00:03:11", "end": "00:03:17", "text": "being pushed into the crypto market uh"}, {"start": "00:03:14", "end": "00:03:20", "text": "to absorb these coins. So adoption"}, {"start": "00:03:17", "end": "00:03:23", "text": "levels are rising. This we know for a"}, {"start": "00:03:20", "end": "00:03:26", "text": "fact. And now the next step because I"}, {"start": "00:03:23", "end": "00:03:28", "text": "mean also listen listen like truly"}, {"start": "00:03:26", "end": "00:03:30", "text": "understand what's actually happening."}, {"start": "00:03:28", "end": "00:03:33", "text": "Every single cycle has been relatively"}, {"start": "00:03:30", "end": "00:03:35", "text": "the same. And I use the word relatively"}, {"start": "00:03:33", "end": "00:03:37", "text": "relatively."}, {"start": "00:03:35", "end": "00:03:41", "text": "We know that there's always a period of"}, {"start": "00:03:37", "end": "00:03:43", "text": "prices going up and then there's a"}, {"start": "00:03:41", "end": "00:03:45", "text": "period of prices going down. It's just"}, {"start": "00:03:43", "end": "00:03:47", "text": "the way that things have been since like"}, {"start": "00:03:45", "end": "00:03:51", "text": "2011."}, {"start": "00:03:47", "end": "00:03:53", "text": "Upon seeing that prices go down, we know"}, {"start": "00:03:51", "end": "00:03:56", "text": "people who are in the market, we"}, {"start": "00:03:53", "end": "00:03:59", "text": "understand that this period is brief in"}, {"start": "00:03:56", "end": "00:04:02", "text": "nature and that prices will begin to"}, {"start": "00:03:59", "end": "00:04:03", "text": "then recover."}, {"start": "00:04:02", "end": "00:04:06", "text": "But we're not talking about prices like"}, {"start": "00:04:03", "end": "00:04:08", "text": "recovering. This is every single"}, {"start": "00:04:06", "end": "00:04:10", "text": "industry leader. This is every single"}, {"start": "00:04:08", "end": "00:04:12", "text": "company. This is every single person."}, {"start": "00:04:10", "end": "00:04:16", "text": "This is every single bank discussing"}, {"start": "00:04:12", "end": "00:04:18", "text": "with us that they're expecting"}, {"start": "00:04:16", "end": "00:04:21", "text": "$750,000"}, {"start": "00:04:18", "end": "00:04:23", "text": "Bitcoin. They're expecting a $20 XRP."}, {"start": "00:04:21", "end": "00:04:27", "text": "They're like it's all these kinds of of"}, {"start": "00:04:23", "end": "00:04:31", "text": "things. So, it is a situation where we"}, {"start": "00:04:27", "end": "00:04:33", "text": "are absorbing what comes like we have no"}, {"start": "00:04:31", "end": "00:04:36", "text": "choice every single day like there's"}, {"start": "00:04:33", "end": "00:04:39", "text": "just news so we have to you know"}, {"start": "00:04:36", "end": "00:04:41", "text": "whatever. Um but then also it's kind of"}, {"start": "00:04:39", "end": "00:04:45", "text": "this like anticipation"}, {"start": "00:04:41", "end": "00:04:47", "text": "that is presiding over us. Uh so anyway"}, {"start": "00:04:45", "end": "00:04:50", "text": "uh there was apparently a major"}, {"start": "00:04:47", "end": "00:04:53", "text": "discussion about uh where a number of"}, {"start": "00:04:50", "end": "00:04:57", "text": "coins could go. This as you might have"}, {"start": "00:04:53", "end": "00:05:03", "text": "imagined uh captivated audiences far"}, {"start": "00:04:57", "end": "00:05:05", "text": "more than many of the other discussions."}, {"start": "00:05:03", "end": "00:05:07", "text": "Uh, it has to do, and I mean this is"}, {"start": "00:05:05", "end": "00:05:09", "text": "this is a very popular topic. This isn't"}, {"start": "00:05:07", "end": "00:05:12", "text": "something that's like random. It"}, {"start": "00:05:09", "end": "00:05:15", "text": "actually almost happened before. If you"}, {"start": "00:05:12", "end": "00:05:18", "text": "weren't here in 2017,"}, {"start": "00:05:15", "end": "00:05:21", "text": "XRP skyrocketed in price. It didn't go"}, {"start": "00:05:18", "end": "00:05:24", "text": "up a bit. It like really"}, {"start": "00:05:21", "end": "00:05:28", "text": "pumped. It was It was quite dramatic."}, {"start": "00:05:24", "end": "00:05:31", "text": "And XRP ended up overtaking Ethereum."}, {"start": "00:05:28", "end": "00:05:33", "text": "And XRP became the number two coin. The"}, {"start": "00:05:31", "end": "00:05:35", "text": "thing that happened next was the reason"}, {"start": "00:05:33", "end": "00:05:38", "text": "why there's still a lot of"}, {"start": "00:05:35", "end": "00:05:41", "text": "misinformation about XRP. XRP's price"}, {"start": "00:05:38", "end": "00:05:45", "text": "was moving up so fast, and I say the"}, {"start": "00:05:41", "end": "00:05:48", "text": "word only. Uh XRP only had to go up"}, {"start": "00:05:45", "end": "00:05:51", "text": "another 100%."}, {"start": "00:05:48", "end": "00:05:54", "text": "And that's after rising 20,000%."}, {"start": "00:05:51", "end": "00:05:56", "text": "Only another 100% and it would have"}, {"start": "00:05:54", "end": "00:05:58", "text": "overtaken Bitcoin."}, {"start": "00:05:56", "end": "00:06:00", "text": "That was the literal moment because it"}, {"start": "00:05:58", "end": "00:06:03", "text": "made it into the news back then."}, {"start": "00:06:00", "end": "00:06:08", "text": "Everybody was talking about Ripplecoin"}, {"start": "00:06:03", "end": "00:06:11", "text": "as it was being called. Um, and that's"}, {"start": "00:06:08", "end": "00:06:14", "text": "when the misinformation began from"}, {"start": "00:06:11", "end": "00:06:17", "text": "Bitcoin maximalists. They were"}, {"start": "00:06:14", "end": "00:06:20", "text": "announcing uh that Ripple, the company,"}, {"start": "00:06:17", "end": "00:06:24", "text": "could make more coins or XRP wasn't"}, {"start": "00:06:20", "end": "00:06:27", "text": "actually real. Uh Ripple was planning on"}, {"start": "00:06:24", "end": "00:06:31", "text": "releasing tons of extra XRP onto the"}, {"start": "00:06:27", "end": "00:06:33", "text": "market to dilute its value. Uh I I mean"}, {"start": "00:06:31", "end": "00:06:37", "text": "you you name it. Like it was it was all"}, {"start": "00:06:33", "end": "00:06:38", "text": "there. And the problem was is I stupidly"}, {"start": "00:06:37", "end": "00:06:41", "text": "thought"}, {"start": "00:06:38", "end": "00:06:43", "text": "uh back in 2017 that I could make videos"}, {"start": "00:06:41", "end": "00:06:46", "text": "and like inform people that these were"}, {"start": "00:06:43", "end": "00:06:49", "text": "all lies. No, no, no, no, no, no, no."}, {"start": "00:06:46", "end": "00:06:51", "text": "Um, all that news kind of caused people"}, {"start": "00:06:49", "end": "00:06:53", "text": "to begin to panic and not really"}, {"start": "00:06:51", "end": "00:06:56", "text": "understand what Ripple was, what XRP was"}, {"start": "00:06:53", "end": "00:07:00", "text": "for, and it caused XRP's price to go"}, {"start": "00:06:56", "end": "00:07:01", "text": "down. Um, yeah, it was very insanely"}, {"start": "00:07:00", "end": "00:07:03", "text": "weird times. This was also the reason"}, {"start": "00:07:01", "end": "00:07:06", "text": "why you might see news articles or you"}, {"start": "00:07:03", "end": "00:07:10", "text": "might hear uh like once a month Ripple"}, {"start": "00:07:06", "end": "00:07:13", "text": "the company is unlocking XRP."}, {"start": "00:07:10", "end": "00:07:16", "text": "They do this because people were so"}, {"start": "00:07:13", "end": "00:07:18", "text": "scared from the lies that Ripple, the"}, {"start": "00:07:16", "end": "00:07:21", "text": "company, was going to just flood the"}, {"start": "00:07:18", "end": "00:07:23", "text": "market with billions of XRP and cause"}, {"start": "00:07:21", "end": "00:07:25", "text": "its price to drop to 1 cent, which I"}, {"start": "00:07:23", "end": "00:07:28", "text": "told people that makes no sense. If if"}, {"start": "00:07:25", "end": "00:07:31", "text": "they're holding a lot of XRP, they are"}, {"start": "00:07:28", "end": "00:07:33", "text": "monetarily incentivized to make sure"}, {"start": "00:07:31", "end": "00:07:35", "text": "that its price goes up. Uh, so what they"}, {"start": "00:07:33", "end": "00:07:40", "text": "ended up doing is that they locked up"}, {"start": "00:07:35", "end": "00:07:42", "text": "their entire supply of XRP into a um I"}, {"start": "00:07:40", "end": "00:07:44", "text": "forgot what it's called. It's not a"}, {"start": "00:07:42", "end": "00:07:47", "text": "trust. I forgot what it's called. And"}, {"start": "00:07:44", "end": "00:07:50", "text": "once a month uh some XRP comes out of"}, {"start": "00:07:47", "end": "00:07:52", "text": "it. Usually they use it for financing"}, {"start": "00:07:50", "end": "00:07:54", "text": "things for the company or they sell some"}, {"start": "00:07:52", "end": "00:07:56", "text": "to banks as they've told us before like"}, {"start": "00:07:54", "end": "00:07:59", "text": "you know this bank wanted to buy some"}, {"start": "00:07:56", "end": "00:08:02", "text": "XRP. Any leftover XRP goes back into"}, {"start": "00:07:59", "end": "00:08:05", "text": "escrow. There we go. And that one"}, {"start": "00:08:02", "end": "00:08:08", "text": "account cannot be unlocked for another"}, {"start": "00:08:05", "end": "00:08:10", "text": "60 months. So there is mathematically no"}, {"start": "00:08:08", "end": "00:08:15", "text": "way for them to like flood the market."}, {"start": "00:08:10", "end": "00:08:18", "text": "If they wanted to, it would take 60"}, {"start": "00:08:15", "end": "00:08:22", "text": "months"}, {"start": "00:08:18", "end": "00:08:24", "text": "6 months to be able to do so. But the"}, {"start": "00:08:22", "end": "00:08:25", "text": "misinformation stuck for a while and I"}, {"start": "00:08:24", "end": "00:08:29", "text": "feel like we're just getting out of the"}, {"start": "00:08:25", "end": "00:08:31", "text": "hole, but uh what have you. So recently,"}, {"start": "00:08:29", "end": "00:08:35", "text": "as you have been hearing, everyone's"}, {"start": "00:08:31", "end": "00:08:37", "text": "talking about higher prices and because"}, {"start": "00:08:35", "end": "00:08:40", "text": "it [snorts] almost"}, {"start": "00:08:37", "end": "00:08:43", "text": "happened before, people uh were asking"}, {"start": "00:08:40", "end": "00:08:46", "text": "one of the heads of Ripple if they"}, {"start": "00:08:43", "end": "00:08:49", "text": "actually thought that XRP could"}, {"start": "00:08:46", "end": "00:08:52", "text": "eventually overtake Bitcoin and become"}, {"start": "00:08:49", "end": "00:08:57", "text": "the number one coin in the market."}, {"start": "00:08:52", "end": "00:09:01", "text": "Ripple's CTO, his name is David Schwarz,"}, {"start": "00:08:57", "end": "00:09:04", "text": "says that XRP could"}, {"start": "00:09:01", "end": "00:09:06", "text": "eventually overtake Bitcoin by market"}, {"start": "00:09:04", "end": "00:09:10", "text": "capitalization."}, {"start": "00:09:06", "end": "00:09:13", "text": "But he believes such a flipping, if you"}, {"start": "00:09:10", "end": "00:09:17", "text": "will, would come from XRP expanding"}, {"start": "00:09:13", "end": "00:09:20", "text": "rapidly rather than Bitcoin collapsing."}, {"start": "00:09:17", "end": "00:09:23", "text": "I mentioned something about that before."}, {"start": "00:09:20", "end": "00:09:26", "text": "There's always a a zero someum game for"}, {"start": "00:09:23", "end": "00:09:28", "text": "people in the cryptocurrency space. It's"}, {"start": "00:09:26", "end": "00:09:31", "text": "it's not that"}, {"start": "00:09:28", "end": "00:09:34", "text": "Amazon could overtake the market cap of"}, {"start": "00:09:31", "end": "00:09:36", "text": "Nvidia. It would have to be that Amazon"}, {"start": "00:09:34", "end": "00:09:39", "text": "is the only company on the planet and"}, {"start": "00:09:36", "end": "00:09:42", "text": "that Nvidia doesn't exist. I don't know"}, {"start": "00:09:39", "end": "00:09:45", "text": "why people in crypto became so tribal"}, {"start": "00:09:42", "end": "00:09:48", "text": "very quickly. I think this is why I said"}, {"start": "00:09:45", "end": "00:09:50", "text": "while Bitcoin maximalists have a very"}, {"start": "00:09:48", "end": "00:09:54", "text": "strong [snorts]"}, {"start": "00:09:50", "end": "00:09:56", "text": "uh storyline behind them about you know"}, {"start": "00:09:54", "end": "00:09:58", "text": "being the number one coin I don't think"}, {"start": "00:09:56", "end": "00:10:01", "text": "we're going to exist in a world with"}, {"start": "00:09:58", "end": "00:10:03", "text": "just one crypto. We don't exist in a"}, {"start": "00:10:01", "end": "00:10:04", "text": "world with just one person. We don't"}, {"start": "00:10:03", "end": "00:10:07", "text": "exist in the world with just one"}, {"start": "00:10:04", "end": "00:10:10", "text": "company. We don't exist in a world with"}, {"start": "00:10:07", "end": "00:10:13", "text": "just one type of currency. So I I do"}, {"start": "00:10:10", "end": "00:10:14", "text": "think we're going to just"}, {"start": "00:10:13", "end": "00:10:16", "text": "this why I've been saying, you know,"}, {"start": "00:10:14", "end": "00:10:20", "text": "that we keep hearing Bitcoin, Ethereum,"}, {"start": "00:10:16", "end": "00:10:21", "text": "XRP, Salana, Polygon, Cardano, like"}, {"start": "00:10:20", "end": "00:10:25", "text": "we're hearing about multiple different"}, {"start": "00:10:21", "end": "00:10:26", "text": "coins. Things might be different in 20"}, {"start": "00:10:25", "end": "00:10:29", "text": "years, but as of right now, I'm pretty"}, {"start": "00:10:26", "end": "00:10:32", "text": "sure they're going to"}, {"start": "00:10:29", "end": "00:10:35", "text": "forcefully coexist with each other. And"}, {"start": "00:10:32", "end": "00:10:37", "text": "it's also about like if one coin gains"}, {"start": "00:10:35", "end": "00:10:40", "text": "the advantage over another, then they do"}, {"start": "00:10:37", "end": "00:10:42", "text": "end up usurping the other coin. Part of"}, {"start": "00:10:40", "end": "00:10:45", "text": "Bitcoin's appeal is that like it has a"}, {"start": "00:10:42", "end": "00:10:48", "text": "very high market cap. Like really, it"}, {"start": "00:10:45", "end": "00:10:50", "text": "has first mover advantage, but it still"}, {"start": "00:10:48", "end": "00:10:52", "text": "also only has three to five transactions"}, {"start": "00:10:50", "end": "00:10:54", "text": "per second."}, {"start": "00:10:52", "end": "00:10:56", "text": "People rely on the other chains. they"}, {"start": "00:10:54", "end": "00:10:58", "text": "rely on the the liquid chain and and"}, {"start": "00:10:56", "end": "00:11:01", "text": "lightning, but that's not really enough"}, {"start": "00:10:58", "end": "00:11:04", "text": "to kind of like bolster Bitcoin into"}, {"start": "00:11:01", "end": "00:11:05", "text": "like the everything move. So, if another"}, {"start": "00:11:04", "end": "00:11:09", "text": "coin,"}, {"start": "00:11:05", "end": "00:11:12", "text": "I do think if Ethereum had actually"}, {"start": "00:11:09", "end": "00:11:13", "text": "gotten it together like seven or eight"}, {"start": "00:11:12", "end": "00:11:16", "text": "years ago, we would be having"}, {"start": "00:11:13", "end": "00:11:19", "text": "discussions about like Ethereum soon"}, {"start": "00:11:16", "end": "00:11:23", "text": "overtaking Bitcoin. But Ethereum's still"}, {"start": "00:11:19", "end": "00:11:26", "text": "very slow. Ethereum's not doing 30,000"}, {"start": "00:11:23", "end": "00:11:28", "text": "transactions per per second on on layer"}, {"start": "00:11:26", "end": "00:11:31", "text": "1. Ethereum still has like a lot of"}, {"start": "00:11:28", "end": "00:11:34", "text": "hiccups in this. It like Bitcoin like"}, {"start": "00:11:31", "end": "00:11:38", "text": "the longer Bitcoin stays number one, the"}, {"start": "00:11:34", "end": "00:11:39", "text": "more like any like solidifies in the in"}, {"start": "00:11:38", "end": "00:11:43", "text": "the mind of the market. I don't really"}, {"start": "00:11:39", "end": "00:11:46", "text": "know how to explain that. asked during a"}, {"start": "00:11:43", "end": "00:11:49", "text": "Twitter spaces discussion whether he"}, {"start": "00:11:46", "end": "00:11:53", "text": "genuinely believed XRP could flip"}, {"start": "00:11:49", "end": "00:11:56", "text": "Bitcoin. Schwarz answered yes [snorts]"}, {"start": "00:11:53", "end": "00:11:58", "text": "while adding an important qualification"}, {"start": "00:11:56", "end": "00:12:01", "text": "or that should be clarification. Okay."}, {"start": "00:11:58", "end": "00:12:03", "text": "It said it wouldn't happen from Bitcoin"}, {"start": "00:12:01", "end": "00:12:05", "text": "shrinking. He said according to coverage"}, {"start": "00:12:03", "end": "00:12:08", "text": "of the discussion he said it would"}, {"start": "00:12:05", "end": "00:12:12", "text": "happen from XRP growing faster than"}, {"start": "00:12:08", "end": "00:12:14", "text": "Bitcoin. Schwarz argued that the broader"}, {"start": "00:12:12", "end": "00:12:16", "text": "digital asset market could expand"}, {"start": "00:12:14", "end": "00:12:19", "text": "substantially, allowing both"}, {"start": "00:12:16", "end": "00:12:21", "text": "cryptocurrencies to appreciate while XRP"}, {"start": "00:12:19", "end": "00:12:25", "text": "captures a larger share because of the"}, {"start": "00:12:21", "end": "00:12:27", "text": "XRP ledger speed and functionality."}, {"start": "00:12:25", "end": "00:12:29", "text": "Uh, that makes his statement less of a"}, {"start": "00:12:27", "end": "00:12:31", "text": "Bitcoin collapse prediction and more of"}, {"start": "00:12:29", "end": "00:12:34", "text": "a bet on a relative XRP adoption. I"}, {"start": "00:12:31", "end": "00:12:36", "text": "don't know where people always have this"}, {"start": "00:12:34", "end": "00:12:40", "text": "thing like"}, {"start": "00:12:36", "end": "00:12:42", "text": "if XRP had ever become the number one"}, {"start": "00:12:40", "end": "00:12:45", "text": "coin, Bitcoin would still exist. Bitcoin"}, {"start": "00:12:42", "end": "00:12:47", "text": "would probably, and I say this this way,"}, {"start": "00:12:45", "end": "00:12:50", "text": "would probably only have a price of like"}, {"start": "00:12:47", "end": "00:12:54", "text": "$22,000 or something like that. At at"}, {"start": "00:12:50", "end": "00:12:56", "text": "this at this point, when XRP overtook"}, {"start": "00:12:54", "end": "00:12:59", "text": "uh Ethereum, Ethereum didn't disappear."}, {"start": "00:12:56", "end": "00:13:01", "text": "It didn't like poof into dust. Uh"}, {"start": "00:12:59", "end": "00:13:04", "text": "there's always this kind of idea of some"}, {"start": "00:13:01", "end": "00:13:06", "text": "kind of like battle going on like my"}, {"start": "00:13:04", "end": "00:13:08", "text": "coin needs to be the number one coin and"}, {"start": "00:13:06", "end": "00:13:11", "text": "nothing else can exist. No, like it's"}, {"start": "00:13:08", "end": "00:13:13", "text": "it's fine if other coins exist."}, {"start": "00:13:11", "end": "00:13:15", "text": "I I I don't know how else to really"}, {"start": "00:13:13", "end": "00:13:19", "text": "frame that. Uh this was part of a"}, {"start": "00:13:15", "end": "00:13:23", "text": "discussion that if [snorts]"}, {"start": "00:13:19", "end": "00:13:28", "text": "XRP right now were to overtake Bitcoin,"}, {"start": "00:13:23", "end": "00:13:31", "text": "we would need a um a $25"}, {"start": "00:13:28", "end": "00:13:34", "text": "XRP to be able to do so, which of course"}, {"start": "00:13:31", "end": "00:13:36", "text": "riled people up because if you haven't"}, {"start": "00:13:34", "end": "00:13:38", "text": "seen"}, {"start": "00:13:36", "end": "00:13:42", "text": "videos over the course of the last month"}, {"start": "00:13:38", "end": "00:13:46", "text": "or so, a there was a company who is"}, {"start": "00:13:42", "end": "00:13:48", "text": "predicting a $28 $8 XRP. Uh we heard"}, {"start": "00:13:46", "end": "00:13:53", "text": "from someone else that they're"}, {"start": "00:13:48", "end": "00:13:57", "text": "anticipating this bull run, a a $32 XRP."}, {"start": "00:13:53", "end": "00:14:02", "text": "And then we also saw three weeks ago, uh"}, {"start": "00:13:57", "end": "00:14:05", "text": "apparently a number of uh whales on"}, {"start": "00:14:02", "end": "00:14:07", "text": "Coinbase, they have established a cell"}, {"start": "00:14:05", "end": "00:14:10", "text": "wall. A sell wall is basically where"}, {"start": "00:14:07", "end": "00:14:13", "text": "they where they the whales"}, {"start": "00:14:10", "end": "00:14:16", "text": "are assuming a coin's price will go. So"}, {"start": "00:14:13", "end": "00:14:18", "text": "if you are for for instance if you're"}, {"start": "00:14:16", "end": "00:14:21", "text": "expecting as a as a whale or a big-time"}, {"start": "00:14:18", "end": "00:14:23", "text": "trader for Bitcoin to go to a million"}, {"start": "00:14:21", "end": "00:14:28", "text": "you would typically have a sell order"}, {"start": "00:14:23", "end": "00:14:28", "text": "around $999,400."}, {"start": "00:14:28", "end": "00:14:32", "text": "Like you would try and take profits"}, {"start": "00:14:29", "end": "00:14:33", "text": "before you're expecting it to get to the"}, {"start": "00:14:32", "end": "00:14:35", "text": "big number that everyone else is"}, {"start": "00:14:33", "end": "00:14:38", "text": "expecting it to get to."}, {"start": "00:14:35", "end": "00:14:41", "text": "So, whales"}, {"start": "00:14:38", "end": "00:14:46", "text": "on Coinbase have established a sell wall"}, {"start": "00:14:41", "end": "00:14:49", "text": "between $28 and $32, meaning that even"}, {"start": "00:14:46", "end": "00:14:54", "text": "the big wigs are anticipating an XRP"}, {"start": "00:14:49", "end": "00:14:57", "text": "movement above 25 and between 28 and $32"}, {"start": "00:14:54", "end": "00:15:00", "text": "during this bull run, which of course"}, {"start": "00:14:57", "end": "00:15:02", "text": "was released too much fanfare in the"}, {"start": "00:15:00", "end": "00:15:04", "text": "market. So, yeah, everyone's talking"}, {"start": "00:15:02", "end": "00:15:06", "text": "about prices."}, {"start": "00:15:04", "end": "00:15:09", "text": "I it's totally possible that XRP could"}, {"start": "00:15:06", "end": "00:15:12", "text": "overtake Bitcoin. It's totally possible"}, {"start": "00:15:09", "end": "00:15:14", "text": "that Ethereum could do it. It's just a"}, {"start": "00:15:12", "end": "00:15:17", "text": "matter of like what these coins do, how"}, {"start": "00:15:14", "end": "00:15:20", "text": "much adoption they have, how much things"}, {"start": "00:15:17", "end": "00:15:23", "text": "expand. If we actually"}, {"start": "00:15:20", "end": "00:15:26", "text": "do end up seeing"}, {"start": "00:15:23", "end": "00:15:30", "text": "75 banks on the planet announcing that"}, {"start": "00:15:26", "end": "00:15:34", "text": "they're using XRP andor using Ripple's"}, {"start": "00:15:30", "end": "00:15:38", "text": "stable coin on top of the XRP ledger,"}, {"start": "00:15:34", "end": "00:15:41", "text": "then you know sky's the limit. Anywh"}, {"start": "00:15:38", "end": "00:15:45", "text": "who, that's the uh XRP"}, {"start": "00:15:41", "end": "00:15:49", "text": "uh growing faster than Bitcoin news."}, {"start": "00:15:45", "end": "00:15:52", "text": "And yeah,"}, {"start": "00:15:49", "end": "00:15:54", "text": "let's move on."}, {"start": "00:15:52", "end": "00:15:57", "text": "This one is so bizarre. This one's so"}, {"start": "00:15:54", "end": "00:16:00", "text": "weird. Uh a year or two ago, it must be"}, {"start": "00:15:57", "end": "00:16:01", "text": "over two years at this point, there's a"}, {"start": "00:16:00", "end": "00:16:03", "text": "company in the States called Steak and"}, {"start": "00:16:01", "end": "00:16:05", "text": "Shake, and I think people thought I was"}, {"start": "00:16:03", "end": "00:16:07", "text": "joking. I have no idea what this is, but"}, {"start": "00:16:05", "end": "00:16:10", "text": "I assumed from the name that they sell"}, {"start": "00:16:07", "end": "00:16:13", "text": "stakes and that they sell shakes."}, {"start": "00:16:10", "end": "00:16:16", "text": "Logically, uh they announced, I [snorts]"}, {"start": "00:16:13", "end": "00:16:17", "text": "believe it was two years ago that they"}, {"start": "00:16:16", "end": "00:16:20", "text": "were getting into Bitcoin. They they"}, {"start": "00:16:17", "end": "00:16:21", "text": "liked the idea. I assume the owner has a"}, {"start": "00:16:20", "end": "00:16:24", "text": "lot of it. This is how it always"}, {"start": "00:16:21", "end": "00:16:26", "text": "happens. It's not something random. It's"}, {"start": "00:16:24", "end": "00:16:28", "text": "usually the owner of said franchise is"}, {"start": "00:16:26", "end": "00:16:30", "text": "like, \"Well, I made, you know, 30"}, {"start": "00:16:28", "end": "00:16:32", "text": "million from it. Let me, you know, try"}, {"start": "00:16:30", "end": "00:16:34", "text": "and get some more.\" So, what you do as a"}, {"start": "00:16:32", "end": "00:16:39", "text": "company is that you announce that you're"}, {"start": "00:16:34", "end": "00:16:41", "text": "accepting it for stakes in shakes. Um,"}, {"start": "00:16:39", "end": "00:16:44", "text": "that then morphed into this kind of"}, {"start": "00:16:41", "end": "00:16:48", "text": "thing where you could buy stuff in the"}, {"start": "00:16:44", "end": "00:16:50", "text": "store with Bitcoin. Uh, they announced,"}, {"start": "00:16:48", "end": "00:16:53", "text": "oh my, do you remember this? They"}, {"start": "00:16:50", "end": "00:16:56", "text": "announced that they had much success"}, {"start": "00:16:53", "end": "00:16:59", "text": "with Bitcoin as a purchasing or buying"}, {"start": "00:16:56", "end": "00:17:02", "text": "option and they were thinking of adding"}, {"start": "00:16:59", "end": "00:17:06", "text": "other coins. So they were asking should"}, {"start": "00:17:02", "end": "00:17:10", "text": "they add Ethereum as a payment option"}, {"start": "00:17:06", "end": "00:17:12", "text": "and for some reason people online"}, {"start": "00:17:10", "end": "00:17:14", "text": "scared them enough that they announced"}, {"start": "00:17:12", "end": "00:17:17", "text": "that they weren't. People were writing"}, {"start": "00:17:14", "end": "00:17:20", "text": "on their Twitter, \"If you accept"}, {"start": "00:17:17", "end": "00:17:22", "text": "Ethereum"}, {"start": "00:17:20", "end": "00:17:24", "text": "as a payment option, I'm never eating at"}, {"start": "00:17:22", "end": "00:17:27", "text": "your establishment again.\" And I was"}, {"start": "00:17:24", "end": "00:17:29", "text": "like, \"Who do you who do you think you"}, {"start": "00:17:27", "end": "00:17:31", "text": "are? Are you going to Steak and Shake"}, {"start": "00:17:29", "end": "00:17:33", "text": "and ordering a million dollars worth of"}, {"start": "00:17:31", "end": "00:17:36", "text": "food every single month? I'm pretty sure"}, {"start": "00:17:33", "end": "00:17:39", "text": "your once a week purchase of $14.99 is"}, {"start": "00:17:36", "end": "00:17:42", "text": "not going to be to their detriment.\" But"}, {"start": "00:17:39", "end": "00:17:43", "text": "for some reason, uh, Stake and Shake"}, {"start": "00:17:42", "end": "00:17:46", "text": "backtracked and they were like, \"Okay,"}, {"start": "00:17:43", "end": "00:17:48", "text": "fine. Only Bitcoin.\" I I still I still"}, {"start": "00:17:46", "end": "00:17:49", "text": "don't understand. Like, I I can't"}, {"start": "00:17:48", "end": "00:17:52", "text": "imagine"}, {"start": "00:17:49", "end": "00:17:54", "text": "a world where I I'm I'm bringing in a"}, {"start": "00:17:52", "end": "00:17:57", "text": "good couple hundred million per year"}, {"start": "00:17:54", "end": "00:18:01", "text": "from selling stakes in shakes. And I'm"}, {"start": "00:17:57", "end": "00:18:03", "text": "like, \"Should we accept the Mexican"}, {"start": "00:18:01", "end": "00:18:04", "text": "peso?\" And someone's like, \"If you do"}, {"start": "00:18:03", "end": "00:18:06", "text": "that, I'm never going there.\" And I'm"}, {"start": "00:18:04", "end": "00:18:09", "text": "like, \"Well,"}, {"start": "00:18:06", "end": "00:18:11", "text": "buddy boy, I hope you have fun at"}, {"start": "00:18:09", "end": "00:18:13", "text": "McDonald's.\" I like I Anyway, um they"}, {"start": "00:18:11", "end": "00:18:16", "text": "also announced that they were going to"}, {"start": "00:18:13", "end": "00:18:20", "text": "begin uh and I air quote here, paying"}, {"start": "00:18:16", "end": "00:18:22", "text": "their uh workers in Bitcoin. So,"}, {"start": "00:18:20", "end": "00:18:24", "text": "apparently everyone in St and Shake got"}, {"start": "00:18:22", "end": "00:18:28", "text": "a raise,"}, {"start": "00:18:24", "end": "00:18:30", "text": "right? Um and I if I think it was 16"}, {"start": "00:18:28", "end": "00:18:32", "text": "cents, I think that was the number if I"}, {"start": "00:18:30", "end": "00:18:35", "text": "remember correctly. uh Steak and Shake"}, {"start": "00:18:32", "end": "00:18:38", "text": "employees uh got an a raise of I think"}, {"start": "00:18:35", "end": "00:18:40", "text": "it was 16 cents, but that 16 cents was"}, {"start": "00:18:38", "end": "00:18:43", "text": "in Bitcoin."}, {"start": "00:18:40", "end": "00:18:47", "text": "And I think this is only payable to said"}, {"start": "00:18:43", "end": "00:18:49", "text": "employee after two years. Uh this was to"}, {"start": "00:18:47", "end": "00:18:51", "text": "the dislike of many other people. They"}, {"start": "00:18:49", "end": "00:18:54", "text": "were like, \"No, like just pay them now.\""}, {"start": "00:18:51", "end": "00:18:57", "text": "But I was like, this was from from my"}, {"start": "00:18:54", "end": "00:19:01", "text": "vantage point. I was like, \"Hear me out."}, {"start": "00:18:57", "end": "00:19:03", "text": "If Bitcoin's price goes from 80K to"}, {"start": "00:19:01", "end": "00:19:05", "text": "800K,"}, {"start": "00:19:03", "end": "00:19:07", "text": "those people will have made far more"}, {"start": "00:19:05", "end": "00:19:10", "text": "than that 16 cents. they, you know, as"}, {"start": "00:19:07", "end": "00:19:11", "text": "time goes on, they will realize, hey, I"}, {"start": "00:19:10", "end": "00:19:14", "text": "actually made a huge amount of money in"}, {"start": "00:19:11", "end": "00:19:16", "text": "Bitcoin and they will then potentially"}, {"start": "00:19:14", "end": "00:19:19", "text": "be more inclined to keep that Bitcoin"}, {"start": "00:19:16", "end": "00:19:22", "text": "and just continue saving in Bitcoin as"}, {"start": "00:19:19", "end": "00:19:25", "text": "well, which could"}, {"start": "00:19:22", "end": "00:19:28", "text": "then benefit them if Bitcoin's price of"}, {"start": "00:19:25", "end": "00:19:31", "text": "course continues to go a lot higher. So,"}, {"start": "00:19:28", "end": "00:19:32", "text": "yeah, Steak and Shake has been like a"}, {"start": "00:19:31", "end": "00:19:36", "text": "Steak and Shake is kind of like the the"}, {"start": "00:19:32", "end": "00:19:39", "text": "fast food micro strategy. I don't know"}, {"start": "00:19:36", "end": "00:19:41", "text": "if that's accurate, but it it it sounds"}, {"start": "00:19:39", "end": "00:19:43", "text": "about right. Uh, so basically, they"}, {"start": "00:19:41", "end": "00:19:45", "text": "released a bunch of like their sales"}, {"start": "00:19:43", "end": "00:19:48", "text": "numbers and announced like an"}, {"start": "00:19:45", "end": "00:19:51", "text": "exponential amount of growth. It's not"}, {"start": "00:19:48", "end": "00:19:56", "text": "that I don't believe them,"}, {"start": "00:19:51", "end": "00:19:57", "text": "uh, per se, but I don't think"}, {"start": "00:19:56", "end": "00:19:59", "text": "I don't think that they've doubled the"}, {"start": "00:19:57", "end": "00:20:02", "text": "amount of people going to stake and"}, {"start": "00:19:59", "end": "00:20:06", "text": "shake. And I don't believe that that new"}, {"start": "00:20:02", "end": "00:20:09", "text": "group of people that they're exclusively"}, {"start": "00:20:06", "end": "00:20:11", "text": "using Bitcoin for purchases. The"}, {"start": "00:20:09", "end": "00:20:14", "text": "average, once again, I don't think that"}, {"start": "00:20:11", "end": "00:20:17", "text": "they're lying, comma. Uh the average"}, {"start": "00:20:14", "end": "00:20:20", "text": "crypto investor average is like"}, {"start": "00:20:17", "end": "00:20:22", "text": "anticipating higher prices. If you if"}, {"start": "00:20:20", "end": "00:20:25", "text": "you don't want to be the pizza guy, you"}, {"start": "00:20:22", "end": "00:20:27", "text": "don't spend your Bitcoin on stakes and"}, {"start": "00:20:25", "end": "00:20:30", "text": "shakes. I I don't know. I I that's just"}, {"start": "00:20:27", "end": "00:20:32", "text": "my uh they released all these like key"}, {"start": "00:20:30", "end": "00:20:35", "text": "graphics and stuff like that. It says"}, {"start": "00:20:32", "end": "00:20:39", "text": "stake and shakes bitcoin bet sales"}, {"start": "00:20:35", "end": "00:20:42", "text": "claims versus filed growth. Uh same"}, {"start": "00:20:39", "end": "00:20:50", "text": "store sales claimed that apparently"}, {"start": "00:20:42", "end": "00:20:52", "text": "their sales climbed from 11 to 15 to 19%"}, {"start": "00:20:50", "end": "00:20:57", "text": "while the SEC filed"}, {"start": "00:20:52", "end": "00:21:00", "text": "that apparently it was 13.8%. 8%."}, {"start": "00:20:57", "end": "00:21:04", "text": "Awesome. So, they have their own claims"}, {"start": "00:21:00", "end": "00:21:06", "text": "versus what the SEC is saying. Uh, the"}, {"start": "00:21:04", "end": "00:21:09", "text": "headline 19% figure refers to franchise"}, {"start": "00:21:06", "end": "00:21:10", "text": "partner stores, while the 13.8 SEC filed"}, {"start": "00:21:09", "end": "00:21:12", "text": "figure converts domestic company"}, {"start": "00:21:10", "end": "00:21:15", "text": "operated and franchise partner"}, {"start": "00:21:12", "end": "00:21:17", "text": "restaurants combined."}, {"start": "00:21:15", "end": "00:21:20", "text": "Okay. And then there's like steaks and"}, {"start": "00:21:17", "end": "00:21:22", "text": "shakes on the Okay. Like they have"}, {"start": "00:21:20", "end": "00:21:24", "text": "burgers. I' Yeah. Yeah. I guess that"}, {"start": "00:21:22", "end": "00:21:27", "text": "makes more sense. I was like, I don't"}, {"start": "00:21:24", "end": "00:21:29", "text": "think many people are like downing a"}, {"start": "00:21:27", "end": "00:21:30", "text": "steak from a fast food. But okay, I"}, {"start": "00:21:29", "end": "00:21:32", "text": "guess maybe the I'm going to stop"}, {"start": "00:21:30", "end": "00:21:34", "text": "talking. It says the annual report for"}, {"start": "00:21:32", "end": "00:21:37", "text": "2025"}, {"start": "00:21:34", "end": "00:21:39", "text": "stated that the total growth rates for"}, {"start": "00:21:37", "end": "00:21:43", "text": "company operation operated restaurants"}, {"start": "00:21:39", "end": "00:21:45", "text": "was 10.5 10.1 for franchise partner"}, {"start": "00:21:43", "end": "00:21:47", "text": "restaurants and 10.2 when both"}, {"start": "00:21:45", "end": "00:21:49", "text": "categories of stores were merged"}, {"start": "00:21:47", "end": "00:21:51", "text": "together. Oh gosh, here's another"}, {"start": "00:21:49", "end": "00:21:55", "text": "graphic. It says steak and shake same"}, {"start": "00:21:51", "end": "00:21:57", "text": "store sales. what the filings show. Uh,"}, {"start": "00:21:55", "end": "00:22:00", "text": "and it says, \"Burgers, shakes, Bitcoin,"}, {"start": "00:21:57", "end": "00:22:01", "text": "good days ahead.\" And then there's like"}, {"start": "00:22:00", "end": "00:22:04", "text": "a bunch of like lines and stuff like"}, {"start": "00:22:01", "end": "00:22:06", "text": "this. And it says, \"Important context.\""}, {"start": "00:22:04", "end": "00:22:08", "text": "This is This is weird, right? This isn't"}, {"start": "00:22:06", "end": "00:22:13", "text": "just me. This is I feel like they're"}, {"start": "00:22:08", "end": "00:22:16", "text": "trying to prove that the SEC is wrong"}, {"start": "00:22:13", "end": "00:22:18", "text": "or I don't"}, {"start": "00:22:16", "end": "00:22:20", "text": "whoever if if you if you know the person"}, {"start": "00:22:18", "end": "00:22:22", "text": "who runs Steak and Shake and I and I say"}, {"start": "00:22:20", "end": "00:22:26", "text": "this in the nicest way possible. No one"}, {"start": "00:22:22", "end": "00:22:27", "text": "really cares. No one's basing their"}, {"start": "00:22:26", "end": "00:22:30", "text": "future"}, {"start": "00:22:27", "end": "00:22:33", "text": "life on like Steak and Shake what they"}, {"start": "00:22:30", "end": "00:22:36", "text": "did. if you guys made money uh with like"}, {"start": "00:22:33", "end": "00:22:37", "text": "Bitcoin sales, you know, golf club,"}, {"start": "00:22:36", "end": "00:22:40", "text": "that's that's tremendous. You guys have"}, {"start": "00:22:37", "end": "00:22:45", "text": "more Bitcoin than you had a year or two"}, {"start": "00:22:40", "end": "00:22:46", "text": "ago. Um I I think no one's there's no"}, {"start": "00:22:45", "end": "00:22:49", "text": "one sitting at home right now who's"}, {"start": "00:22:46", "end": "00:22:52", "text": "like, I want a steak and shake and"}, {"start": "00:22:49", "end": "00:22:54", "text": "they're like, wait, they only made 11%"}, {"start": "00:22:52", "end": "00:22:55", "text": "on sales. I'm not going there anymore."}, {"start": "00:22:54", "end": "00:22:57", "text": "I'm going to Wendy's. Like, that's not"}, {"start": "00:22:55", "end": "00:22:59", "text": "If if you crave the burger, you crave"}, {"start": "00:22:57", "end": "00:23:02", "text": "the burger. If you if your bank account"}, {"start": "00:22:59", "end": "00:23:05", "text": "is low and and you got, you know, 0.04"}, {"start": "00:23:02", "end": "00:23:07", "text": "Bitcoin and you want a burger, you're"}, {"start": "00:23:05", "end": "00:23:09", "text": "going to be like, \"Hey, I'm going to go"}, {"start": "00:23:07", "end": "00:23:13", "text": "shake that steak or something like"}, {"start": "00:23:09", "end": "00:23:16", "text": "this.\" This was also like big news."}, {"start": "00:23:13", "end": "00:23:19", "text": "This wasn't like, you know, random in"}, {"start": "00:23:16", "end": "00:23:21", "text": "passing. A lot of people were talking"}, {"start": "00:23:19", "end": "00:23:23", "text": "about like their filings and stuff like"}, {"start": "00:23:21", "end": "00:23:25", "text": "that and how many burgers they sold for."}, {"start": "00:23:23", "end": "00:23:28", "text": "And it's like,"}, {"start": "00:23:25", "end": "00:23:31", "text": "okay. Um,"}, {"start": "00:23:28", "end": "00:23:34", "text": "cool. So,"}, {"start": "00:23:31", "end": "00:23:36", "text": "apparently they take uh Lightning as"}, {"start": "00:23:34", "end": "00:23:39", "text": "well. Bitcoin payments launched"}, {"start": "00:23:36", "end": "00:23:42", "text": "nationwide via the Lightning Network on"}, {"start": "00:23:39", "end": "00:23:43", "text": "the 16th of May 2025. That's awesome."}, {"start": "00:23:42", "end": "00:23:46", "text": "The filings support sustained"}, {"start": "00:23:43", "end": "00:23:50", "text": "double-digit growth, but they did not"}, {"start": "00:23:46", "end": "00:23:54", "text": "isolate Bitcoin as the sole cause."}, {"start": "00:23:50", "end": "00:23:57", "text": "Uh-huh. Uh, well, that's the Are there"}, {"start": "00:23:54", "end": "00:23:57", "text": "more graphics down here?"}, {"start": "00:24:02", "end": "00:24:06", "text": "Nope. No more graphics. Just a lot of"}, {"start": "00:24:03", "end": "00:24:08", "text": "just a lot of text. Okay. Just just a"}, {"start": "00:24:06", "end": "00:24:11", "text": "lot more text. Oh, that's awesome. Okay."}, {"start": "00:24:08", "end": "00:24:13", "text": "Wonderful. Well, that's the um burger"}, {"start": "00:24:11", "end": "00:24:17", "text": "news. Have Have any of you tried that"}, {"start": "00:24:13", "end": "00:24:20", "text": "restaurant? Like, is it good? I haven't."}, {"start": "00:24:17", "end": "00:24:24", "text": "I eat fast food like once a year now,"}, {"start": "00:24:20", "end": "00:24:27", "text": "just for life reasons. Uh, and the last"}, {"start": "00:24:24", "end": "00:24:29", "text": "time I had fast food, uh, you might"}, {"start": "00:24:27", "end": "00:24:31", "text": "remember at the beginning of the year"}, {"start": "00:24:29", "end": "00:24:34", "text": "when I told you I had surgery, which was"}, {"start": "00:24:31", "end": "00:24:35", "text": "so fun. So, that was literally the last,"}, {"start": "00:24:34", "end": "00:24:40", "text": "that was literally the last time I had"}, {"start": "00:24:35", "end": "00:24:44", "text": "fast food. Uh, so yeah. Um, anywh who,"}, {"start": "00:24:40", "end": "00:24:46", "text": "uh, that's the shaky staky news."}, {"start": "00:24:44", "end": "00:24:49", "text": "Awesome."}, {"start": "00:24:46", "end": "00:24:52", "text": "Let's move on."}, {"start": "00:24:49", "end": "00:24:54", "text": "Also in the news, uh here are three more"}, {"start": "00:24:52", "end": "00:24:57", "text": "names for you. Um [snorts] Charles"}, {"start": "00:24:54", "end": "00:24:58", "text": "Schwab announced"}, {"start": "00:24:57", "end": "00:25:01", "text": "a couple months ago that they were"}, {"start": "00:24:58", "end": "00:25:03", "text": "getting into the crypto space."}, {"start": "00:25:01", "end": "00:25:07", "text": "Apparently, they're expanding. It says"}, {"start": "00:25:03", "end": "00:25:10", "text": "$13 trillion asset manager Charles"}, {"start": "00:25:07", "end": "00:25:12", "text": "Schwab is adding three altcoins to their"}, {"start": "00:25:10", "end": "00:25:14", "text": "crypto push."}, {"start": "00:25:12", "end": "00:25:16", "text": "There's been a great deal of"}, {"start": "00:25:14", "end": "00:25:19", "text": "institutional interest in crypto assets"}, {"start": "00:25:16", "end": "00:25:21", "text": "over the last two years. And on the"}, {"start": "00:25:19", "end": "00:25:23", "text": "Thursday,"}, {"start": "00:25:21", "end": "00:25:26", "text": "Charles Schwab announced that it is"}, {"start": "00:25:23", "end": "00:25:28", "text": "expanding its digital asset listings"}, {"start": "00:25:26", "end": "00:25:32", "text": "beyond Bitcoin and Ethereum. According"}, {"start": "00:25:28", "end": "00:25:35", "text": "to the announcement, Salana,"}, {"start": "00:25:32", "end": "00:25:38", "text": "Avalanche, and Chain Link accessibility"}, {"start": "00:25:35", "end": "00:25:43", "text": "will be added to Schwab crypto accounts"}, {"start": "00:25:38", "end": "00:25:48", "text": "in the near future. Yeah, two of those"}, {"start": "00:25:43", "end": "00:25:50", "text": "are one of those is relatively new."}, {"start": "00:25:48", "end": "00:25:53", "text": "We've heard about Avalanche a few times"}, {"start": "00:25:50", "end": "00:25:57", "text": "this year and I mean like thrice maybe."}, {"start": "00:25:53", "end": "00:25:59", "text": "We hear a lot about Hideera Algarand."}, {"start": "00:25:57", "end": "00:26:03", "text": "We've heard multiple times. We've heard"}, {"start": "00:25:59", "end": "00:26:06", "text": "about Stellar Lumens twice this year."}, {"start": "00:26:03", "end": "00:26:08", "text": "For context, uh a lot of these companies"}, {"start": "00:26:06", "end": "00:26:11", "text": "are announcing that they are a getting"}, {"start": "00:26:08", "end": "00:26:14", "text": "into crypto. Fantastic. Uh B, they're"}, {"start": "00:26:11", "end": "00:26:16", "text": "also like looking at other coins to list"}, {"start": "00:26:14", "end": "00:26:20", "text": "on their platform or to offer to their"}, {"start": "00:26:16", "end": "00:26:22", "text": "clients or Goldman Sachs."}, {"start": "00:26:20", "end": "00:26:24", "text": "This was a week ago. Goldman Sachs, I"}, {"start": "00:26:22", "end": "00:26:26", "text": "forgot what theirs was, but they"}, {"start": "00:26:24", "end": "00:26:29", "text": "announced that they were also like uh I"}, {"start": "00:26:26", "end": "00:26:30", "text": "think holding or buying new coins. That"}, {"start": "00:26:29", "end": "00:26:33", "text": "was a very like riled up video for me"}, {"start": "00:26:30", "end": "00:26:35", "text": "because it was like Goldman Sachs just"}, {"start": "00:26:33", "end": "00:26:38", "text": "told us the five coins that they're"}, {"start": "00:26:35", "end": "00:26:41", "text": "holding if I remember correctly."}, {"start": "00:26:38", "end": "00:26:44", "text": "I think it was Bitcoin, Ethereum, XRP,"}, {"start": "00:26:41", "end": "00:26:47", "text": "Salana,"}, {"start": "00:26:44", "end": "00:26:48", "text": "what was number I want to say Algarand."}, {"start": "00:26:47", "end": "00:26:51", "text": "Some something in my head is saying"}, {"start": "00:26:48", "end": "00:26:52", "text": "Algarand, but I feel like it's Anyway,"}, {"start": "00:26:51", "end": "00:26:54", "text": "these companies are now telling us, and"}, {"start": "00:26:52", "end": "00:26:56", "text": "this is very important. This is"}, {"start": "00:26:54", "end": "00:26:58", "text": "something to pay attention to. These"}, {"start": "00:26:56", "end": "00:27:00", "text": "companies are not simply announcing that"}, {"start": "00:26:58", "end": "00:27:02", "text": "they're buying these coins for no"}, {"start": "00:27:00", "end": "00:27:04", "text": "reason. That they're buying these coins."}, {"start": "00:27:02", "end": "00:27:06", "text": "The other part is is that if the company"}, {"start": "00:27:04", "end": "00:27:09", "text": "is saying that they're going to start"}, {"start": "00:27:06", "end": "00:27:11", "text": "offering this to their clients, it's you"}, {"start": "00:27:09", "end": "00:27:14", "text": "here's here's some logic. It's usually"}, {"start": "00:27:11", "end": "00:27:17", "text": "because they own those coins already"}, {"start": "00:27:14", "end": "00:27:19", "text": "themselves."}, {"start": "00:27:17", "end": "00:27:22", "text": "So Charles Schwab more than likely has"}, {"start": "00:27:19", "end": "00:27:24", "text": "such a huge position in Salana,"}, {"start": "00:27:22", "end": "00:27:27", "text": "Avalanche, and Chain Link that they're"}, {"start": "00:27:24", "end": "00:27:29", "text": "now okay cool. Let's see if we can get"}, {"start": "00:27:27", "end": "00:27:32", "text": "our clients to also get into these coins"}, {"start": "00:27:29", "end": "00:27:37", "text": "as well. That's usually how it ends up"}, {"start": "00:27:32", "end": "00:27:40", "text": "working. Um, anywh who, yes, we are,"}, {"start": "00:27:37", "end": "00:27:43", "text": "much to my confusion,"}, {"start": "00:27:40", "end": "00:27:45", "text": "we are getting the literal names of the"}, {"start": "00:27:43", "end": "00:27:47", "text": "coins that these multi-trillion dollar"}, {"start": "00:27:45", "end": "00:27:50", "text": "companies are buying and holding and"}, {"start": "00:27:47", "end": "00:27:53", "text": "using and hoarding. the the the the"}, {"start": "00:27:50", "end": "00:27:56", "text": "confusion comes from how we can get this"}, {"start": "00:27:53", "end": "00:27:59", "text": "news and how a uh anyone could be"}, {"start": "00:27:56", "end": "00:28:02", "text": "bearish on the cryptocurrency market and"}, {"start": "00:27:59", "end": "00:28:04", "text": "then b how people aren't understanding"}, {"start": "00:28:02", "end": "00:28:06", "text": "that these mega companies are telling us"}, {"start": "00:28:04", "end": "00:28:10", "text": "right directly to our face which"}, {"start": "00:28:06", "end": "00:28:12", "text": "cryptocurrencies that they're buying."}, {"start": "00:28:10", "end": "00:28:15", "text": "As I as I've been saying, I do believe"}, {"start": "00:28:12", "end": "00:28:17", "text": "we are going to live on a multi-coined"}, {"start": "00:28:15", "end": "00:28:20", "text": "planet."}, {"start": "00:28:17", "end": "00:28:22", "text": "Um, and I used to say about three, four"}, {"start": "00:28:20", "end": "00:28:24", "text": "years ago, at some point we're going to"}, {"start": "00:28:22", "end": "00:28:27", "text": "get like a list of coins that are"}, {"start": "00:28:24", "end": "00:28:30", "text": "probably probably"}, {"start": "00:28:27", "end": "00:28:33", "text": "going to be around for a very long time."}, {"start": "00:28:30", "end": "00:28:35", "text": "So, we're hearing the same 10 coins over"}, {"start": "00:28:33", "end": "00:28:37", "text": "and over. There isn't really much"}, {"start": "00:28:35", "end": "00:28:39", "text": "deviation."}, {"start": "00:28:37", "end": "00:28:43", "text": "Not really much"}, {"start": "00:28:39", "end": "00:28:46", "text": "as of now. So, if more coins appear, I"}, {"start": "00:28:43", "end": "00:28:48", "text": "will share them here. Um, however, we"}, {"start": "00:28:46", "end": "00:28:51", "text": "keep hearing the exact same coins over"}, {"start": "00:28:48", "end": "00:28:54", "text": "and over, and I do not understand how"}, {"start": "00:28:51", "end": "00:28:57", "text": "anyone could, and I say it this way, uh,"}, {"start": "00:28:54", "end": "00:28:59", "text": "could look at a meme coin or some other"}, {"start": "00:28:57", "end": "00:29:00", "text": "kind of coin and be like, \"This is the"}, {"start": "00:28:59", "end": "00:29:02", "text": "coin that's going to make me a"}, {"start": "00:29:00", "end": "00:29:06", "text": "trillionaire.\" These people are actively"}, {"start": "00:29:02", "end": "00:29:10", "text": "telling us what they're buying and what"}, {"start": "00:29:06", "end": "00:29:13", "text": "they're using, and you know. Okay, so"}, {"start": "00:29:10", "end": "00:29:16", "text": "yeah, let's see what ends up happening."}, {"start": "00:29:13", "end": "00:29:18", "text": "I am always quite optimistic for the"}, {"start": "00:29:16", "end": "00:29:20", "text": "crypto space. It's just a matter of like"}, {"start": "00:29:18", "end": "00:29:22", "text": "what ends up happening over the course"}, {"start": "00:29:20", "end": "00:29:25", "text": "of the the next I think the next three"}, {"start": "00:29:22", "end": "00:29:28", "text": "years are going to be bananas."}, {"start": "00:29:25", "end": "00:29:30", "text": "I mean like completely like unhinged."}, {"start": "00:29:28", "end": "00:29:32", "text": "I think the dollar is going to collapse."}, {"start": "00:29:30", "end": "00:29:36", "text": "I think debt levels are going I think"}, {"start": "00:29:32", "end": "00:29:38", "text": "the US is aiming for like $4 trillion"}, {"start": "00:29:36", "end": "00:29:41", "text": "worth of debt. Like I like I think"}, {"start": "00:29:38", "end": "00:29:43", "text": "things are going to be ridiculous. I"}, {"start": "00:29:41", "end": "00:29:45", "text": "think everyone is I I think we're going"}, {"start": "00:29:43", "end": "00:29:48", "text": "to see higher crypto prices. I think"}, {"start": "00:29:45", "end": "00:29:50", "text": "that's going to cause people to like"}, {"start": "00:29:48", "end": "00:29:51", "text": "rush head first into the market. They're"}, {"start": "00:29:50", "end": "00:29:53", "text": "not going to know what to do. They've"}, {"start": "00:29:51", "end": "00:29:55", "text": "been missing the last couple of years of"}, {"start": "00:29:53", "end": "00:29:58", "text": "like adoption news and which coins to"}, {"start": "00:29:55", "end": "00:29:59", "text": "actually like look at. I think I think"}, {"start": "00:29:58", "end": "00:30:03", "text": "it's going to be madness. Like I"}, {"start": "00:29:59", "end": "00:30:08", "text": "actually I think it's going to be crazy."}, {"start": "00:30:03", "end": "00:30:11", "text": "Okie dokie. That is uh definitely going"}, {"start": "00:30:08", "end": "00:30:15", "text": "to do it for this video."}, {"start": "00:30:11", "end": "00:30:17", "text": "I do sincerely hope that you have all"}, {"start": "00:30:15", "end": "00:30:20", "text": "enjoyed. I hope that you all are having"}, {"start": "00:30:17", "end": "00:30:21", "text": "a great day, morning, afternoon,"}, {"start": "00:30:20", "end": "00:30:24", "text": "evening, wherever you are, wherever you"}, {"start": "00:30:21", "end": "00:30:27", "text": "might be. I do hope it's absolutely"}, {"start": "00:30:24", "end": "00:30:30", "text": "fantastic. Thank you all once again for"}, {"start": "00:30:27", "end": "00:30:32", "text": "watching, listening, liking, commenting,"}, {"start": "00:30:30", "end": "00:30:38", "text": "and supporting. and I will most"}, {"start": "00:30:32", "end": "00:30:42", "text": "certainly be talking to you all soon."}, {"start": "00:30:38", "end": "00:30:42", "text": "See you."}]

[{"start": "00:00:01", "end": "00:00:10", "text": "Hello [clears throat] everybody."}, {"start": "00:00:04", "end": "00:00:13", "text": "Welcome back for another video."}, {"start": "00:00:10", "end": "00:00:15", "text": "Hope you're all doing well. Hope you're"}, {"start": "00:00:13", "end": "00:00:18", "text": "all doing fantastic. Hope you're all"}, {"start": "00:00:15", "end": "00:00:21", "text": "having a great day."}, {"start": "00:00:18", "end": "00:00:24", "text": "Very big thank you to Livioc"}, {"start": "00:00:21", "end": "00:00:28", "text": "FT Clown, Lyall, Austin, Alec, Xander"}, {"start": "00:00:24", "end": "00:00:32", "text": "the Greek, Gypsy Queen, Trent Jackson,"}, {"start": "00:00:28", "end": "00:00:34", "text": "Gilboa Snake, and Finley Bass. Enormous"}, {"start": "00:00:32", "end": "00:00:36", "text": "thank you to my Patreon supporters."}, {"start": "00:00:34", "end": "00:00:40", "text": "Enormous thank you to everyone for"}, {"start": "00:00:36", "end": "00:00:44", "text": "supporting the channel over all these"}, {"start": "00:00:40", "end": "00:00:47", "text": "years. Without any further ado, let's"}, {"start": "00:00:44", "end": "00:00:51", "text": "jump right into it."}, {"start": "00:00:47", "end": "00:00:53", "text": "Uh yeah, I I I honestly I don't even"}, {"start": "00:00:51", "end": "00:00:56", "text": "know where to begin on this one. Once"}, {"start": "00:00:53", "end": "00:00:59", "text": "again, nothing nothing wrong, nothing"}, {"start": "00:00:56", "end": "00:01:03", "text": "bad, nothing weird. It's just this"}, {"start": "00:00:59", "end": "00:01:07", "text": "overall tone right now within the"}, {"start": "00:01:03", "end": "00:01:10", "text": "cryptocurrency market of uh rocketing"}, {"start": "00:01:07", "end": "00:01:14", "text": "returns, prices going a lot higher. this"}, {"start": "00:01:10", "end": "00:01:17", "text": "idea of where the future of the"}, {"start": "00:01:14", "end": "00:01:20", "text": "cryptocurrency market uh lies or where"}, {"start": "00:01:17", "end": "00:01:23", "text": "it's going to be. The adoption news is"}, {"start": "00:01:20", "end": "00:01:26", "text": "is quite frequent as you've been seeing"}, {"start": "00:01:23", "end": "00:01:31", "text": "over the course of the last few years."}, {"start": "00:01:26", "end": "00:01:35", "text": "Uh we have seemingly moved into like the"}, {"start": "00:01:31", "end": "00:01:37", "text": "future slashnear future uh now"}, {"start": "00:01:35", "end": "00:01:40", "text": "discussing uh prices a lot more as"}, {"start": "00:01:37", "end": "00:01:42", "text": "you've been uh noticing. there's a lot"}, {"start": "00:01:40", "end": "00:01:45", "text": "more"}, {"start": "00:01:42", "end": "00:01:47", "text": "like CEO discussions which I don't know"}, {"start": "00:01:45", "end": "00:01:50", "text": "what that trend currently is. A lot of"}, {"start": "00:01:47", "end": "00:01:52", "text": "the higherups from these uh crypto"}, {"start": "00:01:50", "end": "00:01:55", "text": "companies"}, {"start": "00:01:52", "end": "00:01:58", "text": "are all announcing like their ideas of"}, {"start": "00:01:55", "end": "00:02:00", "text": "where Bitcoin's going, how high XRP is"}, {"start": "00:01:58", "end": "00:02:03", "text": "going to be, our expectations for"}, {"start": "00:02:00", "end": "00:02:07", "text": "Ethereum by 2030. That's been kind of"}, {"start": "00:02:03", "end": "00:02:09", "text": "the the feeling at least in the air. So,"}, {"start": "00:02:07", "end": "00:02:12", "text": "as you might have imagined, this was of"}, {"start": "00:02:09", "end": "00:02:15", "text": "course,"}, {"start": "00:02:12", "end": "00:02:20", "text": "very popular news, uh, the CEO of"}, {"start": "00:02:15", "end": "00:02:24", "text": "Coinbase, his name is Brian Armstrong,"}, {"start": "00:02:20", "end": "00:02:28", "text": "says the Bitcoin cycle bottom is in and"}, {"start": "00:02:24", "end": "00:02:31", "text": "he sees an uptrend over the next two"}, {"start": "00:02:28", "end": "00:02:32", "text": "years. I I have to tell you honestly"}, {"start": "00:02:31", "end": "00:02:35", "text": "like I I don't know if I've mentioned"}, {"start": "00:02:32", "end": "00:02:37", "text": "this one. The crypto news is very weird"}, {"start": "00:02:35", "end": "00:02:40", "text": "for me because it's it's something"}, {"start": "00:02:37", "end": "00:02:43", "text": "different when you stand on the outside"}, {"start": "00:02:40", "end": "00:02:45", "text": "and you kind of get news every nine"}, {"start": "00:02:43", "end": "00:02:47", "text": "days, you know, once twice a month"}, {"start": "00:02:45", "end": "00:02:49", "text": "you're hearing about what's happening in"}, {"start": "00:02:47", "end": "00:02:50", "text": "crypto."}, {"start": "00:02:49", "end": "00:02:52", "text": "Hearing about what happens in crypto"}, {"start": "00:02:50", "end": "00:02:56", "text": "every single day, I think it like"}, {"start": "00:02:52", "end": "00:02:59", "text": "changes your brain chemistry a lot. And"}, {"start": "00:02:56", "end": "00:03:02", "text": "I and I'm I'm speaking for myself. The"}, {"start": "00:02:59", "end": "00:03:06", "text": "weirdest part is"}, {"start": "00:03:02", "end": "00:03:10", "text": "for me it's the like the frequency of"}, {"start": "00:03:06", "end": "00:03:13", "text": "how common a lot of these ideas are."}, {"start": "00:03:10", "end": "00:03:16", "text": "Ye two, three, four, I'll give you a"}, {"start": "00:03:13", "end": "00:03:18", "text": "good four plus years ago. There were"}, {"start": "00:03:16", "end": "00:03:21", "text": "always like discrepancies in where"}, {"start": "00:03:18", "end": "00:03:23", "text": "crypto was going to go. A lot of people"}, {"start": "00:03:21", "end": "00:03:26", "text": "within the space like I mean like the"}, {"start": "00:03:23", "end": "00:03:27", "text": "the the you know the higherups they"}, {"start": "00:03:26", "end": "00:03:29", "text": "would sometime mention like like you"}, {"start": "00:03:27", "end": "00:03:32", "text": "know we're expecting proper crypto"}, {"start": "00:03:29", "end": "00:03:35", "text": "adoption by the mid 2030s we expect by"}, {"start": "00:03:32", "end": "00:03:37", "text": "by you know the 2040s"}, {"start": "00:03:35", "end": "00:03:41", "text": "Bitcoin's over a million dollars and now"}, {"start": "00:03:37", "end": "00:03:44", "text": "it's this kind of weird thing where"}, {"start": "00:03:41", "end": "00:03:46", "text": "almost daily or rather daily I am"}, {"start": "00:03:44", "end": "00:03:49", "text": "talking about stuff but it's this idea"}, {"start": "00:03:46", "end": "00:03:51", "text": "of like just crypto always doing well in"}, {"start": "00:03:49", "end": "00:03:54", "text": "the news"}, {"start": "00:03:51", "end": "00:03:59", "text": "like daily like that's a constant theme"}, {"start": "00:03:54", "end": "00:04:03", "text": "within all of this. Um and now as we are"}, {"start": "00:03:59", "end": "00:04:06", "text": "close to"}, {"start": "00:04:03", "end": "00:04:11", "text": "the the point of October and prices"}, {"start": "00:04:06", "end": "00:04:14", "text": "going a lot higher this this cycle needs"}, {"start": "00:04:11", "end": "00:04:16", "text": "to perform very well."}, {"start": "00:04:14", "end": "00:04:18", "text": "I don't think there's really any in"}, {"start": "00:04:16", "end": "00:04:20", "text": "between on that one. I think the"}, {"start": "00:04:18", "end": "00:04:22", "text": "anticipation that's been growing, the"}, {"start": "00:04:20", "end": "00:04:24", "text": "things that we've been told by all these"}, {"start": "00:04:22", "end": "00:04:26", "text": "people, it's not some of these people,"}, {"start": "00:04:24", "end": "00:04:29", "text": "it's by every single person. They're all"}, {"start": "00:04:26", "end": "00:04:30", "text": "expecting like really high prices for"}, {"start": "00:04:29", "end": "00:04:33", "text": "the market to do like exceptional"}, {"start": "00:04:30", "end": "00:04:36", "text": "things, which I think it's going to do."}, {"start": "00:04:33", "end": "00:04:40", "text": "But I mean,"}, {"start": "00:04:36", "end": "00:04:42", "text": "I do not want to see Bitcoin"}, {"start": "00:04:40", "end": "00:04:45", "text": "go to $185,000"}, {"start": "00:04:42", "end": "00:04:47", "text": "and then go down in price. Like I don't"}, {"start": "00:04:45", "end": "00:04:50", "text": "want 185 to be like like the top of the"}, {"start": "00:04:47", "end": "00:04:52", "text": "market. Even the idea of like half a"}, {"start": "00:04:50", "end": "00:04:53", "text": "million"}, {"start": "00:04:52", "end": "00:04:56", "text": "like it means, you know, to the"}, {"start": "00:04:53", "end": "00:04:57", "text": "detriment of the dollar and other paper"}, {"start": "00:04:56", "end": "00:05:00", "text": "currencies and people who don't have"}, {"start": "00:04:57", "end": "00:05:02", "text": "assets. But it's also this thing like it"}, {"start": "00:05:00", "end": "00:05:05", "text": "feels like it should be a lot higher"}, {"start": "00:05:02", "end": "00:05:09", "text": "than half a million dollars per coin."}, {"start": "00:05:05", "end": "00:05:13", "text": "Like even like XRP going to like $25 is"}, {"start": "00:05:09", "end": "00:05:16", "text": "like, \"Oh, that's cute.\""}, {"start": "00:05:13", "end": "00:05:20", "text": "But I feel like like there's this kind"}, {"start": "00:05:16", "end": "00:05:24", "text": "of like prolonged sense of"}, {"start": "00:05:20", "end": "00:05:27", "text": "future in in crypto that is constantly"}, {"start": "00:05:24", "end": "00:05:29", "text": "like circling around us. We've heard"}, {"start": "00:05:27", "end": "00:05:31", "text": "multiple I mean two other bull runs"}, {"start": "00:05:29", "end": "00:05:32", "text": "about like how high prices are going to"}, {"start": "00:05:31", "end": "00:05:35", "text": "be and where things are going to go."}, {"start": "00:05:32", "end": "00:05:37", "text": "This is kind of like the big shebang."}, {"start": "00:05:35", "end": "00:05:39", "text": "This is everything promised. We were"}, {"start": "00:05:37", "end": "00:05:41", "text": "told in 2019 institutions were coming"}, {"start": "00:05:39", "end": "00:05:43", "text": "into the space. Big money was going to"}, {"start": "00:05:41", "end": "00:05:45", "text": "be if you weren't here. This is also"}, {"start": "00:05:43", "end": "00:05:47", "text": "said by Coinbase."}, {"start": "00:05:45", "end": "00:05:48", "text": "Big money's rolling in. Billions moving"}, {"start": "00:05:47", "end": "00:05:50", "text": "into the market. We're going to move"}, {"start": "00:05:48", "end": "00:05:52", "text": "into custody. We're going to move into"}, {"start": "00:05:50", "end": "00:05:54", "text": "so and so. Now, all that stuff has been"}, {"start": "00:05:52", "end": "00:05:56", "text": "like, like I said, fulfilled like like"}, {"start": "00:05:54", "end": "00:05:58", "text": "we're kind of we're here. We're we're at"}, {"start": "00:05:56", "end": "00:06:00", "text": "this point where like, okay, cool. All"}, {"start": "00:05:58", "end": "00:06:03", "text": "all the money's here. and now make the"}, {"start": "00:06:00", "end": "00:06:05", "text": "prices actually happen. Uh this of"}, {"start": "00:06:03", "end": "00:06:09", "text": "course like I said was very popular"}, {"start": "00:06:05", "end": "00:06:11", "text": "news. Uh part of it also"}, {"start": "00:06:09", "end": "00:06:14", "text": "uh Coinbase is for those of you not"}, {"start": "00:06:11", "end": "00:06:18", "text": "looking at the screen. Coinbase's CEO"}, {"start": "00:06:14", "end": "00:06:23", "text": "says a $400,000"}, {"start": "00:06:18", "end": "00:06:25", "text": "Bitcoin by the year 2030 is reasonable."}, {"start": "00:06:23", "end": "00:06:28", "text": "Coinbase CEO Brian Armstrong predicts"}, {"start": "00:06:25", "end": "00:06:33", "text": "the next two year or two is going to be"}, {"start": "00:06:28", "end": "00:06:36", "text": "good for Bitcoin. We've typically heard"}, {"start": "00:06:33", "end": "00:06:38", "text": "the uh three three and a half year"}, {"start": "00:06:36", "end": "00:06:41", "text": "model. That is to say by the time we get"}, {"start": "00:06:38", "end": "00:06:42", "text": "to the year 2030 uh which seems quite"}, {"start": "00:06:41", "end": "00:06:43", "text": "common. I don't know. I don't know why."}, {"start": "00:06:42", "end": "00:06:46", "text": "Maybe it's just because it's a round"}, {"start": "00:06:43", "end": "00:06:48", "text": "number. Uh but everyone is talking about"}, {"start": "00:06:46", "end": "00:06:51", "text": "2030 as this like exceptional time for"}, {"start": "00:06:48", "end": "00:06:53", "text": "this is also even weirder. Uh this is"}, {"start": "00:06:51", "end": "00:06:56", "text": "the lowest number that we've ever"}, {"start": "00:06:53", "end": "00:06:58", "text": "gotten."}, {"start": "00:06:56", "end": "00:07:00", "text": "If you haven't seen before,"}, {"start": "00:06:58", "end": "00:07:05", "text": "every"}, {"start": "00:07:00", "end": "00:07:08", "text": "price prediction for Bitcoin at 20 the"}, {"start": "00:07:05", "end": "00:07:09", "text": "year 2030 is always above half a million"}, {"start": "00:07:08", "end": "00:07:11", "text": "dollars."}, {"start": "00:07:09", "end": "00:07:13", "text": "This is the first time even hearing like"}, {"start": "00:07:11", "end": "00:07:16", "text": "$400,000."}, {"start": "00:07:13", "end": "00:07:19", "text": "It's like, oh my gosh, like why is this"}, {"start": "00:07:16", "end": "00:07:22", "text": "guy so bearish? Yeah, a large portion of"}, {"start": "00:07:19", "end": "00:07:25", "text": "the news revolves around like the future"}, {"start": "00:07:22", "end": "00:07:28", "text": "obviously like you know everyone's in in"}, {"start": "00:07:25", "end": "00:07:30", "text": "2017 we're looking to 2021 and 2021"}, {"start": "00:07:28", "end": "00:07:32", "text": "everyone was talking about crypto in"}, {"start": "00:07:30", "end": "00:07:34", "text": "2025"}, {"start": "00:07:32", "end": "00:07:38", "text": "uh but this time feels very different."}, {"start": "00:07:34", "end": "00:07:41", "text": "There's so much like"}, {"start": "00:07:38", "end": "00:07:44", "text": "chaotic financial stuff going on. Have"}, {"start": "00:07:41", "end": "00:07:46", "text": "you been seeing all this stuff about um"}, {"start": "00:07:44", "end": "00:07:48", "text": "and I and I'll try and give it to you as"}, {"start": "00:07:46", "end": "00:07:51", "text": "quickly as possible. All these people"}, {"start": "00:07:48", "end": "00:07:54", "text": "like trying to sell homes within the"}, {"start": "00:07:51", "end": "00:07:57", "text": "United States, but very few people are"}, {"start": "00:07:54", "end": "00:07:58", "text": "buying homes because of the high"}, {"start": "00:07:57", "end": "00:08:01", "text": "interest rates and all the economic"}, {"start": "00:07:58", "end": "00:08:05", "text": "uncertainty. But it and I mean like"}, {"start": "00:08:01", "end": "00:08:07", "text": "reading literally between the lines,"}, {"start": "00:08:05", "end": "00:08:10", "text": "these corporations are now buying huge"}, {"start": "00:08:07", "end": "00:08:12", "text": "amounts of homes while everyone else is"}, {"start": "00:08:10", "end": "00:08:15", "text": "like stagnant and like that sort of way."}, {"start": "00:08:12", "end": "00:08:18", "text": "I just saw a news report talking about"}, {"start": "00:08:15", "end": "00:08:20", "text": "the uh there's some kind of restriction"}, {"start": "00:08:18", "end": "00:08:23", "text": "that was put in place in the United"}, {"start": "00:08:20", "end": "00:08:25", "text": "States to stop corporate landlords from"}, {"start": "00:08:23", "end": "00:08:27", "text": "being able to like accumulate and amass"}, {"start": "00:08:25", "end": "00:08:29", "text": "more homes because of course there's"}, {"start": "00:08:27", "end": "00:08:32", "text": "like public outcry because this company"}, {"start": "00:08:29", "end": "00:08:35", "text": "owns 80,000 homes. This company owns"}, {"start": "00:08:32", "end": "00:08:36", "text": "150,000. That one owns 240,000."}, {"start": "00:08:35", "end": "00:08:38", "text": "and they were showing what's actually"}, {"start": "00:08:36", "end": "00:08:40", "text": "happening is a lot of these companies of"}, {"start": "00:08:38", "end": "00:08:41", "text": "course are just making like shell"}, {"start": "00:08:40", "end": "00:08:43", "text": "companies or they're making like"}, {"start": "00:08:41", "end": "00:08:46", "text": "subsidiaries and they're continuing to"}, {"start": "00:08:43", "end": "00:08:48", "text": "like accumulate in that way. There's"}, {"start": "00:08:46", "end": "00:08:50", "text": "such a huge level of fear around what"}, {"start": "00:08:48", "end": "00:08:52", "text": "the Fed is doing, what they're going to"}, {"start": "00:08:50", "end": "00:08:55", "text": "do, what the interest rates are going to"}, {"start": "00:08:52", "end": "00:08:58", "text": "be. I've I've seen so many articles"}, {"start": "00:08:55", "end": "00:09:00", "text": "recently. Um we were we we went we we"}, {"start": "00:08:58", "end": "00:09:02", "text": "went over one or two of them maybe a"}, {"start": "00:09:00", "end": "00:09:05", "text": "week ago and paraphrasing here. Some of"}, {"start": "00:09:02", "end": "00:09:07", "text": "the titles have been like"}, {"start": "00:09:05", "end": "00:09:10", "text": "Japan is going to crash the world's"}, {"start": "00:09:07", "end": "00:09:13", "text": "markets. If Japan doesn't get their"}, {"start": "00:09:10", "end": "00:09:15", "text": "economic situation under control,"}, {"start": "00:09:13", "end": "00:09:17", "text": "expect a stock market crash. Is what's"}, {"start": "00:09:15", "end": "00:09:20", "text": "happening in Japan right now going to be"}, {"start": "00:09:17", "end": "00:09:24", "text": "the new 2008? And I'm like, what? Like"}, {"start": "00:09:20", "end": "00:09:26", "text": "everything is like it's it's crumbling."}, {"start": "00:09:24", "end": "00:09:29", "text": "The weird part for those of you who"}, {"start": "00:09:26", "end": "00:09:31", "text": "didn't catch on"}, {"start": "00:09:29", "end": "00:09:34", "text": "is that crypto news is always the"}, {"start": "00:09:31", "end": "00:09:38", "text": "opposite. like always"}, {"start": "00:09:34", "end": "00:09:41", "text": "it's uh just a fascinating time to be in"}, {"start": "00:09:38", "end": "00:09:45", "text": "the market as I always say but this this"}, {"start": "00:09:41", "end": "00:09:48", "text": "idea of future is so strong and so like"}, {"start": "00:09:45", "end": "00:09:51", "text": "adamantly positive it's not that I don't"}, {"start": "00:09:48", "end": "00:09:53", "text": "believe in it so much as like"}, {"start": "00:09:51", "end": "00:09:55", "text": "you have like you have something going"}, {"start": "00:09:53", "end": "00:09:57", "text": "on in your life and you tell two"}, {"start": "00:09:55", "end": "00:09:59", "text": "different friends about it and those"}, {"start": "00:09:57", "end": "00:10:01", "text": "friends like they'll have an A idea and"}, {"start": "00:09:59", "end": "00:10:04", "text": "one will have a B idea if you told a"}, {"start": "00:10:01", "end": "00:10:05", "text": "hundred people in your life the same"}, {"start": "00:10:04", "end": "00:10:07", "text": "story, they would all have slightly"}, {"start": "00:10:05", "end": "00:10:09", "text": "different ideas as about like what you"}, {"start": "00:10:07", "end": "00:10:10", "text": "should do to like resolve the issue or"}, {"start": "00:10:09", "end": "00:10:12", "text": "how you could, you know, how you get to"}, {"start": "00:10:10", "end": "00:10:14", "text": "the end of the yellow brick road."}, {"start": "00:10:12", "end": "00:10:17", "text": "Imagine you told everyone something and"}, {"start": "00:10:14", "end": "00:10:21", "text": "everyone in the room agreed on the exact"}, {"start": "00:10:17", "end": "00:10:24", "text": "same thing. Like all 100 people in"}, {"start": "00:10:21", "end": "00:10:25", "text": "unison opened their mouths and started"}, {"start": "00:10:24", "end": "00:10:27", "text": "speaking and it was the exact same"}, {"start": "00:10:25", "end": "00:10:30", "text": "sentence."}, {"start": "00:10:27", "end": "00:10:34", "text": "That's what crypto feels like to me now."}, {"start": "00:10:30", "end": "00:10:36", "text": "It's it's it's quite odd. Um, of course,"}, {"start": "00:10:34", "end": "00:10:39", "text": "this will all be the word's not"}, {"start": "00:10:36", "end": "00:10:41", "text": "resolved. This will all make sense in a"}, {"start": "00:10:39", "end": "00:10:45", "text": "couple of years. We will see if all of"}, {"start": "00:10:41", "end": "00:10:49", "text": "this actually ended up coming true. Um,"}, {"start": "00:10:45", "end": "00:10:52", "text": "but yeah, definitely um,"}, {"start": "00:10:49", "end": "00:10:56", "text": "lot of stuff going on"}, {"start": "00:10:52", "end": "00:10:59", "text": "at the moment. Okay, that's the $400,000"}, {"start": "00:10:56", "end": "00:11:01", "text": "Bitcoin by 2030. Seems reasonable. And"}, {"start": "00:10:59", "end": "00:11:05", "text": "Bitcoin's gonna have a couple good years"}, {"start": "00:11:01", "end": "00:11:08", "text": "because the cycle bottom is in. I would"}, {"start": "00:11:05", "end": "00:11:10", "text": "love if we actually do"}, {"start": "00:11:08", "end": "00:11:14", "text": "did"}, {"start": "00:11:10", "end": "00:11:17", "text": "end up going to 150,000 per coin by"}, {"start": "00:11:14", "end": "00:11:19", "text": "December. That would be that'd be swell."}, {"start": "00:11:17", "end": "00:11:21", "text": "Okie dokie."}, {"start": "00:11:19", "end": "00:11:26", "text": "Let's move on."}, {"start": "00:11:21", "end": "00:11:29", "text": "Also in Sure. Awesome. That sounds that"}, {"start": "00:11:26", "end": "00:11:32", "text": "sounds fun. Um this idea of being like"}, {"start": "00:11:29", "end": "00:11:36", "text": "quantum prepared"}, {"start": "00:11:32", "end": "00:11:38", "text": "is uh still sticking around."}, {"start": "00:11:36", "end": "00:11:41", "text": "Earlier earlier this year there were"}, {"start": "00:11:38", "end": "00:11:43", "text": "fears for some reason that the internet"}, {"start": "00:11:41", "end": "00:11:45", "text": "would be"}, {"start": "00:11:43", "end": "00:11:48", "text": "damaged by quantum computing in the"}, {"start": "00:11:45", "end": "00:11:49", "text": "2030s. That then became a topic in the"}, {"start": "00:11:48", "end": "00:11:52", "text": "crypto world about like quantum"}, {"start": "00:11:49", "end": "00:11:54", "text": "computing uh being detrimental to"}, {"start": "00:11:52", "end": "00:11:57", "text": "certain chains that we have. That became"}, {"start": "00:11:54", "end": "00:12:00", "text": "a discussion of freezing"}, {"start": "00:11:57", "end": "00:12:03", "text": "six million Bitcoin on chain"}, {"start": "00:12:00", "end": "00:12:06", "text": "uh to uh make Bitcoin more quantum"}, {"start": "00:12:03", "end": "00:12:08", "text": "prepared. Then every single coin kind of"}, {"start": "00:12:06", "end": "00:12:10", "text": "came out talking about what their coin"}, {"start": "00:12:08", "end": "00:12:12", "text": "is planning on doing and how they're"}, {"start": "00:12:10", "end": "00:12:14", "text": "going to be prepared for the future. Uh"}, {"start": "00:12:12", "end": "00:12:17", "text": "Cardano said they're working on it right"}, {"start": "00:12:14", "end": "00:12:19", "text": "now. Ethereum spoke about it recently."}, {"start": "00:12:17", "end": "00:12:21", "text": "Uh I don't remember Salana or any other"}, {"start": "00:12:19", "end": "00:12:22", "text": "coins. Maybe they made it into the news,"}, {"start": "00:12:21", "end": "00:12:25", "text": "but maybe it just I just didn't run"}, {"start": "00:12:22", "end": "00:12:28", "text": "across the actual articles. So"}, {"start": "00:12:25", "end": "00:12:32", "text": "apparently uh the XRP ledger is now"}, {"start": "00:12:28", "end": "00:12:36", "text": "aiming for 2028"}, {"start": "00:12:32", "end": "00:12:38", "text": "to be quantum prepared because Ethereum"}, {"start": "00:12:36", "end": "00:12:41", "text": "said 2029."}, {"start": "00:12:38", "end": "00:12:42", "text": "So they have to do it before them"}, {"start": "00:12:41", "end": "00:12:45", "text": "because that's how you show that you're"}, {"start": "00:12:42", "end": "00:12:49", "text": "awesome. It says, \"While Ethereum waits"}, {"start": "00:12:45", "end": "00:12:51", "text": "for 2029, the XRP ledger plans to"}, {"start": "00:12:49", "end": "00:12:53", "text": "immunize wallets against quantum threats"}, {"start": "00:12:51", "end": "00:12:56", "text": "by 2028"}, {"start": "00:12:53", "end": "00:12:58", "text": "without changing user addresses.\" Most"}, {"start": "00:12:56", "end": "00:13:00", "text": "of these articles"}, {"start": "00:12:58", "end": "00:13:02", "text": "don't ever say how they plan on doing"}, {"start": "00:13:00", "end": "00:13:04", "text": "it. They don't they don't state what"}, {"start": "00:13:02", "end": "00:13:11", "text": "kind of upgrade or update or what needs"}, {"start": "00:13:04", "end": "00:13:15", "text": "to happen. Uh, sure. I I can't actually"}, {"start": "00:13:11", "end": "00:13:17", "text": "if the threat is that big."}, {"start": "00:13:15", "end": "00:13:19", "text": "I don't understand even like what do you"}, {"start": "00:13:17", "end": "00:13:21", "text": "mean you don't have to change you user"}, {"start": "00:13:19", "end": "00:13:24", "text": "addresses? Like what do you mean the"}, {"start": "00:13:21", "end": "00:13:27", "text": "wallet address can stay exactly the"}, {"start": "00:13:24", "end": "00:13:28", "text": "same? What is the difference between"}, {"start": "00:13:27", "end": "00:13:32", "text": "everything? Then if you if you've never"}, {"start": "00:13:28", "end": "00:13:34", "text": "seen a documentary or a video on like"}, {"start": "00:13:32", "end": "00:13:37", "text": "quantum computing and how like"}, {"start": "00:13:34", "end": "00:13:39", "text": "paradoxical it is and like what it can"}, {"start": "00:13:37", "end": "00:13:42", "text": "do and what it's capable of, it's"}, {"start": "00:13:39", "end": "00:13:45", "text": "astounding. Like it is it's actually a"}, {"start": "00:13:42", "end": "00:13:48", "text": "little terrifying in in a number of"}, {"start": "00:13:45", "end": "00:13:51", "text": "ways. they they're able to. So a lot of"}, {"start": "00:13:48", "end": "00:13:55", "text": "times if you're trying to uh break a"}, {"start": "00:13:51", "end": "00:13:59", "text": "code or do some kind of math"}, {"start": "00:13:55", "end": "00:14:01", "text": "uh it can take days, weeks, months and"}, {"start": "00:13:59", "end": "00:14:04", "text": "in many cases like certain like"}, {"start": "00:14:01", "end": "00:14:06", "text": "mathematical equations"}, {"start": "00:14:04", "end": "00:14:07", "text": "can take centuries"}, {"start": "00:14:06", "end": "00:14:11", "text": "like legitimately like like sometimes"}, {"start": "00:14:07", "end": "00:14:14", "text": "encryption is so strong"}, {"start": "00:14:11", "end": "00:14:17", "text": "it can take hundreds of years to like"}, {"start": "00:14:14", "end": "00:14:21", "text": "solve an equation or like break whatever"}, {"start": "00:14:17", "end": "00:14:23", "text": "that equation is is is trying to do"}, {"start": "00:14:21", "end": "00:14:24", "text": "quantum computers, quantum chips like"}, {"start": "00:14:23", "end": "00:14:28", "text": "like like you know how there are"}, {"start": "00:14:24", "end": "00:14:30", "text": "multiple chips inside of your computer."}, {"start": "00:14:28", "end": "00:14:34", "text": "One quantum chip, some of those"}, {"start": "00:14:30", "end": "00:14:38", "text": "mathematical um equations that take 200"}, {"start": "00:14:34", "end": "00:14:40", "text": "years, it can solve it in 14 seconds."}, {"start": "00:14:38", "end": "00:14:43", "text": "Like look it up. It's really it's"}, {"start": "00:14:40", "end": "00:14:45", "text": "incredibly fascinating."}, {"start": "00:14:43", "end": "00:14:47", "text": "Um,"}, {"start": "00:14:45", "end": "00:14:50", "text": "so"}, {"start": "00:14:47", "end": "00:14:53", "text": "whatever they're doing, I guess will"}, {"start": "00:14:50", "end": "00:14:57", "text": "stop quantum computers from breaking"}, {"start": "00:14:53", "end": "00:14:58", "text": "these chains in some sort of I I I I I"}, {"start": "00:14:57", "end": "00:15:01", "text": "can't imagine what's being done."}, {"start": "00:14:58", "end": "00:15:05", "text": "Honestly, I I I can't conceptualize it"}, {"start": "00:15:01", "end": "00:15:09", "text": "in my head. Uh, but this of course was"}, {"start": "00:15:05", "end": "00:15:12", "text": "very popular news. It says XRP ledger"}, {"start": "00:15:09", "end": "00:15:16", "text": "eyes 2028 quantum ready mainet under"}, {"start": "00:15:12", "end": "00:15:18", "text": "vets plan. An XRP ledger contributor"}, {"start": "00:15:16", "end": "00:15:23", "text": "proposes a quantum resistant mainet by"}, {"start": "00:15:18", "end": "00:15:25", "text": "2028 with hybrid signatures in 2027 but"}, {"start": "00:15:23", "end": "00:15:27", "text": "no formal road map or validator vote"}, {"start": "00:15:25", "end": "00:15:29", "text": "confirms it yet. Yeah, of course."}, {"start": "00:15:27", "end": "00:15:32", "text": "Usually these are all just proposals and"}, {"start": "00:15:29", "end": "00:15:34", "text": "then at some point someone announces it,"}, {"start": "00:15:32", "end": "00:15:39", "text": "it gets put forth and then the network"}, {"start": "00:15:34", "end": "00:15:41", "text": "has to uh vote on it. So, um, cool. I"}, {"start": "00:15:39", "end": "00:15:44", "text": "can't wait until every single chain is"}, {"start": "00:15:41", "end": "00:15:47", "text": "quantum proof and then this is no longer"}, {"start": "00:15:44", "end": "00:15:49", "text": "a discussion ever again because like I"}, {"start": "00:15:47", "end": "00:15:53", "text": "told you earlier this year, the crypto"}, {"start": "00:15:49", "end": "00:15:55", "text": "space has this really odd"}, {"start": "00:15:53", "end": "00:15:57", "text": "like fear-mongering thing. Like"}, {"start": "00:15:55", "end": "00:16:00", "text": "something scary comes out. I tell"}, {"start": "00:15:57", "end": "00:16:02", "text": "everyone like, \"Well, I'm pretty sure we"}, {"start": "00:16:00", "end": "00:16:04", "text": "don't have to worry about it.\" And then"}, {"start": "00:16:02", "end": "00:16:07", "text": "like it gets solved"}, {"start": "00:16:04", "end": "00:16:11", "text": "four months later."}, {"start": "00:16:07", "end": "00:16:14", "text": "So anywh who like I said very popular"}, {"start": "00:16:11", "end": "00:16:16", "text": "news. Uh cool for them doing it in 2028"}, {"start": "00:16:14", "end": "00:16:19", "text": "as opposed to 2029 because apparently"}, {"start": "00:16:16", "end": "00:16:22", "text": "the fear is"}, {"start": "00:16:19", "end": "00:16:26", "text": "by the year 2030"}, {"start": "00:16:22", "end": "00:16:30", "text": "some kind of terminator quantum computer"}, {"start": "00:16:26", "end": "00:16:32", "text": "with a red eye is going to uh blink"}, {"start": "00:16:30", "end": "00:16:34", "text": "crypto out of existence on the exact"}, {"start": "00:16:32", "end": "00:16:38", "text": "same. This is kind of what they made it"}, {"start": "00:16:34", "end": "00:16:41", "text": "out to be like on the 13th of January"}, {"start": "00:16:38", "end": "00:16:44", "text": "2030 like"}, {"start": "00:16:41", "end": "00:16:47", "text": "that. Anyway, cool. Fantastic. Oh, so"}, {"start": "00:16:44", "end": "00:16:51", "text": "happy. Can't wait. That's that's almost"}, {"start": "00:16:47", "end": "00:16:54", "text": "magical. Okie dokie."}, {"start": "00:16:51", "end": "00:16:59", "text": "Let's move on."}, {"start": "00:16:54", "end": "00:17:02", "text": "Also in the news, is it or isn't it not?"}, {"start": "00:16:59", "end": "00:17:03", "text": "Um, everyone's wires are completely"}, {"start": "00:17:02", "end": "00:17:05", "text": "crossed because I think no one knows"}, {"start": "00:17:03", "end": "00:17:08", "text": "what's going on. That's [snorts] usually"}, {"start": "00:17:05", "end": "00:17:10", "text": "my theory anyway. I I I think it's it's"}, {"start": "00:17:08", "end": "00:17:12", "text": "one thing to say that prices are going"}, {"start": "00:17:10", "end": "00:17:14", "text": "to go higher and, you know, even believe"}, {"start": "00:17:12", "end": "00:17:17", "text": "it or have information that it that it"}, {"start": "00:17:14", "end": "00:17:20", "text": "will come to pass. Uh, the issue ends up"}, {"start": "00:17:17", "end": "00:17:22", "text": "being like everyone's trying to time"}, {"start": "00:17:20", "end": "00:17:26", "text": "something that I think shouldn't be"}, {"start": "00:17:22", "end": "00:17:28", "text": "timed. things should just flow and then"}, {"start": "00:17:26", "end": "00:17:30", "text": "we'll figure it out in the future when"}, {"start": "00:17:28", "end": "00:17:33", "text": "we look towards the past. Everyone's"}, {"start": "00:17:30", "end": "00:17:36", "text": "trying to figure out if we are in a"}, {"start": "00:17:33", "end": "00:17:39", "text": "4-year cycle. There are people deter"}, {"start": "00:17:36", "end": "00:17:42", "text": "determining that we are in a 2year"}, {"start": "00:17:39", "end": "00:17:46", "text": "cycle. There was a company recently who"}, {"start": "00:17:42", "end": "00:17:49", "text": "said they believe that we are in 8year"}, {"start": "00:17:46", "end": "00:17:51", "text": "cycles. If you remember the other recent"}, {"start": "00:17:49", "end": "00:17:53", "text": "one, there was another company who said"}, {"start": "00:17:51", "end": "00:17:55", "text": "six to eight year cycles, meaning"}, {"start": "00:17:53", "end": "00:17:59", "text": "somewhere around the seven. Seven being"}, {"start": "00:17:55", "end": "00:18:00", "text": "the allotted time frame that we normally"}, {"start": "00:17:59", "end": "00:18:02", "text": "hear about the stock markets going up"}, {"start": "00:18:00", "end": "00:18:05", "text": "and down. There's usually like a"}, {"start": "00:18:02", "end": "00:18:08", "text": "seven-year cycle in some form or"}, {"start": "00:18:05", "end": "00:18:11", "text": "capacity. The way that bull runs and"}, {"start": "00:18:08", "end": "00:18:15", "text": "bull markets in the cryptocurrency space"}, {"start": "00:18:11", "end": "00:18:17", "text": "typically work is usually it's not this"}, {"start": "00:18:15", "end": "00:18:22", "text": "way, but it appears this way. There's"}, {"start": "00:18:17", "end": "00:18:24", "text": "like a drain of money from Bitcoin. It's"}, {"start": "00:18:22", "end": "00:18:27", "text": "actually not a drain at all. What"}, {"start": "00:18:24", "end": "00:18:30", "text": "happens is is that altcoins tend to"}, {"start": "00:18:27", "end": "00:18:33", "text": "garner more attention than Bitcoin as"}, {"start": "00:18:30", "end": "00:18:37", "text": "prices are going up. So if Bitcoin goes"}, {"start": "00:18:33", "end": "00:18:39", "text": "up by 7%, altcoins will go up by 12."}, {"start": "00:18:37", "end": "00:18:41", "text": "It's because Bitcoin has a higher market"}, {"start": "00:18:39", "end": "00:18:43", "text": "cap and it takes more money for Bitcoin"}, {"start": "00:18:41", "end": "00:18:46", "text": "to move up. There's a difference between"}, {"start": "00:18:43", "end": "00:18:48", "text": "putting a dollar into Bitcoin and a"}, {"start": "00:18:46", "end": "00:18:50", "text": "dollar into Cardano, putting a million"}, {"start": "00:18:48", "end": "00:18:53", "text": "into Bitcoin, putting a million into"}, {"start": "00:18:50", "end": "00:18:55", "text": "Cardano. One has less liquidity and"}, {"start": "00:18:53", "end": "00:18:58", "text": "therefore that million will go a lot"}, {"start": "00:18:55", "end": "00:19:00", "text": "farther. So"}, {"start": "00:18:58", "end": "00:19:03", "text": "usually there's this kind of idea that"}, {"start": "00:19:00", "end": "00:19:06", "text": "during a bull run, a bull market in the"}, {"start": "00:19:03", "end": "00:19:08", "text": "cryptocurrency space, Bitcoin doesn't do"}, {"start": "00:19:06", "end": "00:19:11", "text": "as well. But Bitcoin does exceptionally."}, {"start": "00:19:08", "end": "00:19:16", "text": "If if if any"}, {"start": "00:19:11", "end": "00:19:18", "text": "asset on the planet rose by 94% in a"}, {"start": "00:19:16", "end": "00:19:21", "text": "year, people would get on a table and"}, {"start": "00:19:18", "end": "00:19:25", "text": "cheer. In crypto, if Bitcoin goes up by"}, {"start": "00:19:21", "end": "00:19:27", "text": "95% and then altcoins do 200%, well then"}, {"start": "00:19:25", "end": "00:19:29", "text": "Bitcoin has failed. Not really. No,"}, {"start": "00:19:27", "end": "00:19:31", "text": "Bitcoin is just going up by a normal"}, {"start": "00:19:29", "end": "00:19:33", "text": "number. The altcoins have less market"}, {"start": "00:19:31", "end": "00:19:37", "text": "cap. They have less liquidity and"}, {"start": "00:19:33", "end": "00:19:40", "text": "therefore you right, you understand. So,"}, {"start": "00:19:37", "end": "00:19:42", "text": "um there's now a discussion as to when"}, {"start": "00:19:40", "end": "00:19:46", "text": "this"}, {"start": "00:19:42", "end": "00:19:49", "text": "swap of dominance is going to happen."}, {"start": "00:19:46", "end": "00:19:53", "text": "During bare markets when prices are"}, {"start": "00:19:49", "end": "00:19:55", "text": "lower, Bitcoin usually no always Bitcoin"}, {"start": "00:19:53", "end": "00:19:57", "text": "always has the dominance in the market."}, {"start": "00:19:55", "end": "00:19:59", "text": "There's if you go to coin market cap or"}, {"start": "00:19:57", "end": "00:20:02", "text": "any other website, they show usually at"}, {"start": "00:19:59", "end": "00:20:04", "text": "the very top somewhere around there,"}, {"start": "00:20:02", "end": "00:20:07", "text": "they have like a Bitcoin dominance"}, {"start": "00:20:04", "end": "00:20:10", "text": "percentage. So you'll see Bitcoin's"}, {"start": "00:20:07", "end": "00:20:12", "text": "dominance is at 70%. Bitcoin has a 70%"}, {"start": "00:20:10", "end": "00:20:16", "text": "market share of the entire market and"}, {"start": "00:20:12", "end": "00:20:19", "text": "altcoins have 30. If Bitcoin goes up by"}, {"start": "00:20:16", "end": "00:20:21", "text": "10% but altcoins go up by 20%. It begins"}, {"start": "00:20:19", "end": "00:20:24", "text": "to shift that number in favor of"}, {"start": "00:20:21", "end": "00:20:29", "text": "altcoins. This is why a lot of times the"}, {"start": "00:20:24", "end": "00:20:32", "text": "term uh like bull run is usually usually"}, {"start": "00:20:29", "end": "00:20:34", "text": "synonymous with um altcoin season. It"}, {"start": "00:20:32", "end": "00:20:37", "text": "usually means altcoins are going to do"}, {"start": "00:20:34", "end": "00:20:39", "text": "excessively well during the bull run,"}, {"start": "00:20:37", "end": "00:20:42", "text": "but people tend to say it's altcoin"}, {"start": "00:20:39", "end": "00:20:44", "text": "season. I guess it sounds cheerier. I"}, {"start": "00:20:42", "end": "00:20:48", "text": "don't really know. But they're all"}, {"start": "00:20:44", "end": "00:20:50", "text": "wrapped up and tied together. So, like I"}, {"start": "00:20:48", "end": "00:20:52", "text": "said, this would make a lot more sense"}, {"start": "00:20:50", "end": "00:20:56", "text": "to us in the future if we just looked"}, {"start": "00:20:52", "end": "00:20:58", "text": "back at 2032,"}, {"start": "00:20:56", "end": "00:21:01", "text": "the years 2032, we looked back at the"}, {"start": "00:20:58", "end": "00:21:03", "text": "crypto charts and went, \"Ah, yes, we"}, {"start": "00:21:01", "end": "00:21:06", "text": "were actually in a two-year cycle."}, {"start": "00:21:03", "end": "00:21:08", "text": "Actually, we were in a four-year cycle.\""}, {"start": "00:21:06", "end": "00:21:11", "text": "Now that we look at it, it appears that"}, {"start": "00:21:08", "end": "00:21:12", "text": "we are still in a seven-year cycle. But"}, {"start": "00:21:11", "end": "00:21:14", "text": "everyone wants to figure out what's"}, {"start": "00:21:12", "end": "00:21:17", "text": "happening right now. It's it's one of"}, {"start": "00:21:14", "end": "00:21:20", "text": "the main conundrums in the"}, {"start": "00:21:17", "end": "00:21:23", "text": "there are many in the cryptocurrency"}, {"start": "00:21:20", "end": "00:21:26", "text": "space as people try to make sense of"}, {"start": "00:21:23", "end": "00:21:27", "text": "things. But I think the most for me the"}, {"start": "00:21:26", "end": "00:21:29", "text": "most important thing always for me is"}, {"start": "00:21:27", "end": "00:21:31", "text": "just like adoption like are we seeing"}, {"start": "00:21:29", "end": "00:21:33", "text": "the actual adoption levels and like does"}, {"start": "00:21:31", "end": "00:21:35", "text": "that translate into prices? We always"}, {"start": "00:21:33", "end": "00:21:38", "text": "try to look at some kind of a chart"}, {"start": "00:21:35", "end": "00:21:39", "text": "whether it be rainbow or up and down."}, {"start": "00:21:38", "end": "00:21:41", "text": "you you must have seen the rainbow"}, {"start": "00:21:39", "end": "00:21:43", "text": "charts like they're taking over Twitter."}, {"start": "00:21:41", "end": "00:21:45", "text": "It is a literal chart. It is like an arc"}, {"start": "00:21:43", "end": "00:21:47", "text": "of a rainbow and it's quite long and"}, {"start": "00:21:45", "end": "00:21:50", "text": "within that chart it's all the movements"}, {"start": "00:21:47", "end": "00:21:52", "text": "of Bitcoin going up and down and each"}, {"start": "00:21:50", "end": "00:21:54", "text": "movement corresponds to a color and"}, {"start": "00:21:52", "end": "00:21:55", "text": "we're currently in this color and then"}, {"start": "00:21:54", "end": "00:21:56", "text": "that color is going to so and so and"}, {"start": "00:21:55", "end": "00:22:00", "text": "everyone's like we're moving to red and"}, {"start": "00:21:56", "end": "00:22:04", "text": "I'm like I don't I just I just okie"}, {"start": "00:22:00", "end": "00:22:06", "text": "dokie. Onchain analytical firm Glass"}, {"start": "00:22:04", "end": "00:22:10", "text": "Node"}, {"start": "00:22:06", "end": "00:22:14", "text": "stated that despite recent gains in the"}, {"start": "00:22:10", "end": "00:22:19", "text": "altcoin market, a largecale capital"}, {"start": "00:22:14", "end": "00:22:21", "text": "rotation from Bitcoin to altcoins has"}, {"start": "00:22:19", "end": "00:22:23", "text": "not yet begun. That's one of the"}, {"start": "00:22:21", "end": "00:22:26", "text": "misconceptions. It's not a capital"}, {"start": "00:22:23", "end": "00:22:28", "text": "rotation per se. Money is still flowing,"}, {"start": "00:22:26", "end": "00:22:33", "text": "usually around the same percentage, but"}, {"start": "00:22:28", "end": "00:22:36", "text": "a billion in Bitcoin goes far slower or"}, {"start": "00:22:33", "end": "00:22:39", "text": "lower than it does into altcoins."}, {"start": "00:22:36", "end": "00:22:41", "text": "According to the company, gains in"}, {"start": "00:22:39", "end": "00:22:44", "text": "altcoins continue to lag behind"}, {"start": "00:22:41", "end": "00:22:46", "text": "Bitcoin's upward performance. And if"}, {"start": "00:22:44", "end": "00:22:48", "text": "also if we can just have like a drop of"}, {"start": "00:22:46", "end": "00:22:51", "text": "logic, I I I think my headache would go"}, {"start": "00:22:48", "end": "00:22:53", "text": "away. What people fail to understand is"}, {"start": "00:22:51", "end": "00:22:56", "text": "that even if you don't like it, Bitcoin"}, {"start": "00:22:53", "end": "00:23:00", "text": "is the market."}, {"start": "00:22:56", "end": "00:23:02", "text": "When we talk about and discuss"}, {"start": "00:23:00", "end": "00:23:06", "text": "capital inflows into Bitcoin, into"}, {"start": "00:23:02", "end": "00:23:10", "text": "Bitcoin ETFs, into Cardano, into"}, {"start": "00:23:06", "end": "00:23:12", "text": "Ethereum, there's there's usually some"}, {"start": "00:23:10", "end": "00:23:14", "text": "some differences. I don't know if you've"}, {"start": "00:23:12", "end": "00:23:16", "text": "noticed the numbers. That's why like a"}, {"start": "00:23:14", "end": "00:23:20", "text": "lot of times like Bitcoin of course gets"}, {"start": "00:23:16", "end": "00:23:22", "text": "like the most spotlight because if your"}, {"start": "00:23:20", "end": "00:23:26", "text": "ETFs"}, {"start": "00:23:22", "end": "00:23:30", "text": "have $80 billion 80 billion with a B 80"}, {"start": "00:23:26", "end": "00:23:35", "text": "billion inside of them and then the the"}, {"start": "00:23:30", "end": "00:23:36", "text": "the Ethereum one has like 1.4 billion"}, {"start": "00:23:35", "end": "00:23:40", "text": "there's a there's a bit of of"}, {"start": "00:23:36", "end": "00:23:42", "text": "difference. We have moved into this is"}, {"start": "00:23:40", "end": "00:23:44", "text": "real. We have moved into a world where"}, {"start": "00:23:42", "end": "00:23:46", "text": "like the winners are being chosen and"}, {"start": "00:23:44", "end": "00:23:47", "text": "that's what I think a lot of people are"}, {"start": "00:23:46", "end": "00:23:52", "text": "also going to have to cope with in the"}, {"start": "00:23:47", "end": "00:23:54", "text": "future. I think the idea of meme coins I"}, {"start": "00:23:52", "end": "00:23:57", "text": "think the idea of coins without actual"}, {"start": "00:23:54", "end": "00:24:00", "text": "utility. Not that your coin can do"}, {"start": "00:23:57", "end": "00:24:02", "text": "something. All coins can do the same. If"}, {"start": "00:24:00", "end": "00:24:04", "text": "whatever these other coins can do,"}, {"start": "00:24:02", "end": "00:24:06", "text": "Bitcoin could upgrade to them. It's"}, {"start": "00:24:04", "end": "00:24:09", "text": "never going to happen. But all the coins"}, {"start": "00:24:06", "end": "00:24:11", "text": "are relatively the same. No one really"}, {"start": "00:24:09", "end": "00:24:12", "text": "cares that Cardono can do the same exact"}, {"start": "00:24:11", "end": "00:24:15", "text": "thing as Tron, the same exact thing as"}, {"start": "00:24:12", "end": "00:24:19", "text": "XRP, as Ethereum. Your coin has to"}, {"start": "00:24:15", "end": "00:24:19", "text": "actually be adopted."}, {"start": "00:24:19", "end": "00:24:25", "text": "That's the main talking point. So,"}, {"start": "00:24:22", "end": "00:24:29", "text": "remember recently there was a news story"}, {"start": "00:24:25", "end": "00:24:32", "text": "uh oh gosh, Wells Fargo, Goldman Sachs,"}, {"start": "00:24:29", "end": "00:24:33", "text": "or other name, I forgot which one. They"}, {"start": "00:24:32", "end": "00:24:35", "text": "recently announced they're looking more"}, {"start": "00:24:33", "end": "00:24:39", "text": "into"}, {"start": "00:24:35", "end": "00:24:43", "text": "uh Salana and Polygon and Avalanche. And"}, {"start": "00:24:39", "end": "00:24:44", "text": "I was like, pay attention to the names."}, {"start": "00:24:43", "end": "00:24:46", "text": "A lot of people in crypto are used to"}, {"start": "00:24:44", "end": "00:24:47", "text": "this world where you can kind of put"}, {"start": "00:24:46", "end": "00:24:48", "text": "your chips on anything and you you'll"}, {"start": "00:24:47", "end": "00:24:50", "text": "make a billion dollars. That's, you"}, {"start": "00:24:48", "end": "00:24:52", "text": "know, the, you know, the the the"}, {"start": "00:24:50", "end": "00:24:54", "text": "misconception."}, {"start": "00:24:52", "end": "00:24:57", "text": "It's not that altcoins are lagging"}, {"start": "00:24:54", "end": "00:24:59", "text": "behind. It's that Bitcoin controls the"}, {"start": "00:24:57", "end": "00:25:01", "text": "minds of everyone who like gets into the"}, {"start": "00:24:59", "end": "00:25:03", "text": "space. When people move into the"}, {"start": "00:25:01", "end": "00:25:05", "text": "cryptocurrency market, when they start"}, {"start": "00:25:03", "end": "00:25:08", "text": "investing, when they, you know, launch"}, {"start": "00:25:05", "end": "00:25:11", "text": "ETFs, they're looking at a very small"}, {"start": "00:25:08", "end": "00:25:12", "text": "like group of names, and these are the"}, {"start": "00:25:11", "end": "00:25:15", "text": "coins that are going to get the most"}, {"start": "00:25:12", "end": "00:25:18", "text": "attention. So, if you have I think I"}, {"start": "00:25:15", "end": "00:25:21", "text": "think there's over like 50,000 altcoins"}, {"start": "00:25:18", "end": "00:25:24", "text": "in the market. That's a real number. Of"}, {"start": "00:25:21", "end": "00:25:27", "text": "course, many altcoins are lagging behind"}, {"start": "00:25:24", "end": "00:25:29", "text": "because they don't have ETFs. They don't"}, {"start": "00:25:27", "end": "00:25:31", "text": "have Black Rockck buying them. They"}, {"start": "00:25:29", "end": "00:25:34", "text": "don't have Goldman Sachs announcing"}, {"start": "00:25:31", "end": "00:25:36", "text": "support for them."}, {"start": "00:25:34", "end": "00:25:39", "text": "That I'm telling you, I think that's"}, {"start": "00:25:36", "end": "00:25:40", "text": "going to be a big thing this cycle that"}, {"start": "00:25:39", "end": "00:25:42", "text": "a lot of people are going to have to"}, {"start": "00:25:40", "end": "00:25:45", "text": "deal with. I think when we have the"}, {"start": "00:25:42", "end": "00:25:48", "text": "retail investors running back into the"}, {"start": "00:25:45", "end": "00:25:50", "text": "market, I think they're going to buy the"}, {"start": "00:25:48", "end": "00:25:52", "text": "most nonsensical crap that you can"}, {"start": "00:25:50", "end": "00:25:54", "text": "imagine. I think the coins that they"}, {"start": "00:25:52", "end": "00:25:55", "text": "purchase are going to be nonsense. No"}, {"start": "00:25:54", "end": "00:25:57", "text": "one's going to be using them. A lot of"}, {"start": "00:25:55", "end": "00:25:59", "text": "people are going to move back into stuff"}, {"start": "00:25:57", "end": "00:26:00", "text": "that they had last cycle that somebody"}, {"start": "00:25:59", "end": "00:26:02", "text": "told them was going to do good, but the"}, {"start": "00:26:00", "end": "00:26:04", "text": "coin was absolute garbage. I think"}, {"start": "00:26:02", "end": "00:26:07", "text": "Bitcoin's going to go to half a million."}, {"start": "00:26:04", "end": "00:26:11", "text": "I think XRP is going to $26. I think"}, {"start": "00:26:07", "end": "00:26:12", "text": "Ethereum's going to good $39,000.14"}, {"start": "00:26:11", "end": "00:26:14", "text": "and people are going to look at their"}, {"start": "00:26:12", "end": "00:26:17", "text": "other coins and go like, why aren't"}, {"start": "00:26:14", "end": "00:26:20", "text": "these moving up? I think that's going to"}, {"start": "00:26:17", "end": "00:26:23", "text": "be very difficult for a lot of people."}, {"start": "00:26:20", "end": "00:26:25", "text": "Uh, Glass Node reports"}, {"start": "00:26:23", "end": "00:26:30", "text": "that the total market cap of altcoins"}, {"start": "00:26:25", "end": "00:26:32", "text": "has increased by 21% in the past month."}, {"start": "00:26:30", "end": "00:26:34", "text": "However, this increase has not eroded"}, {"start": "00:26:32", "end": "00:26:38", "text": "Bitcoin's market dominance in the way"}, {"start": "00:26:34", "end": "00:26:41", "text": "seen at past uh market peaks yet. Jeez"}, {"start": "00:26:38", "end": "00:26:43", "text": "Louise, guys. I mean, I don't assume,"}, {"start": "00:26:41", "end": "00:26:45", "text": "this is my assumption. I I I I don't"}, {"start": "00:26:43", "end": "00:26:51", "text": "assume glass nodes"}, {"start": "00:26:45", "end": "00:26:51", "text": "analysis was this uh"}, {"start": "00:26:51", "end": "00:26:55", "text": "special. I couldn't I I couldn't find a"}, {"start": "00:26:53", "end": "00:26:57", "text": "word. I assume the person who wrote this"}, {"start": "00:26:55", "end": "00:26:58", "text": "article was like, \"Yeah, well, it says"}, {"start": "00:26:57", "end": "00:27:02", "text": "this so and so.\" And it's like, \"No,"}, {"start": "00:26:58", "end": "00:27:05", "text": "that's not what it is.\" I"}, {"start": "00:27:02", "end": "00:27:07", "text": "let Let me tell you something right now."}, {"start": "00:27:05", "end": "00:27:09", "text": "Um,"}, {"start": "00:27:07", "end": "00:27:12", "text": "and I mean this in like the most"}, {"start": "00:27:09", "end": "00:27:15", "text": "realistic way. The world is changing"}, {"start": "00:27:12", "end": "00:27:19", "text": "very fast. The US dollar will not have"}, {"start": "00:27:15", "end": "00:27:22", "text": "the same strength now that it has or"}, {"start": "00:27:19", "end": "00:27:24", "text": "will have in in five years. I think"}, {"start": "00:27:22", "end": "00:27:27", "text": "we're very close to seeing the world"}, {"start": "00:27:24", "end": "00:27:28", "text": "becoming unchangeable. A lot of rich"}, {"start": "00:27:27", "end": "00:27:30", "text": "people are buying up huge amounts of"}, {"start": "00:27:28", "end": "00:27:32", "text": "assets right now and a lot of people"}, {"start": "00:27:30", "end": "00:27:34", "text": "seem to be ignoring it. There's a reason"}, {"start": "00:27:32", "end": "00:27:37", "text": "why all the rich people are buying up as"}, {"start": "00:27:34", "end": "00:27:39", "text": "much land, water rights, and homes as"}, {"start": "00:27:37", "end": "00:27:40", "text": "they can. Because they've mathematically"}, {"start": "00:27:39", "end": "00:27:43", "text": "figured out that by the time we get to"}, {"start": "00:27:40", "end": "00:27:44", "text": "the year 2040 that they can just own"}, {"start": "00:27:43", "end": "00:27:46", "text": "everything. They're going to make sure"}, {"start": "00:27:44", "end": "00:27:48", "text": "that everyone just stays renters"}, {"start": "00:27:46", "end": "00:27:50", "text": "forever. We keep getting news over and"}, {"start": "00:27:48", "end": "00:27:52", "text": "over about the cryptocurrencies that"}, {"start": "00:27:50", "end": "00:27:54", "text": "these rich people are buying. I don't"}, {"start": "00:27:52", "end": "00:27:55", "text": "know why people keep ignoring them. I"}, {"start": "00:27:54", "end": "00:27:57", "text": "don't know why people keep pretending"}, {"start": "00:27:55", "end": "00:27:58", "text": "that we're not hearing this kind of"}, {"start": "00:27:57", "end": "00:28:00", "text": "adoption news. We're hearing it directly"}, {"start": "00:27:58", "end": "00:28:02", "text": "from the companies. One of the really"}, {"start": "00:28:00", "end": "00:28:03", "text": "big things the last couple of years or"}, {"start": "00:28:02", "end": "00:28:05", "text": "in general has constantly been that"}, {"start": "00:28:03", "end": "00:28:07", "text": "people within the cryptocurrency space"}, {"start": "00:28:05", "end": "00:28:09", "text": "always need to hear that something is"}, {"start": "00:28:07", "end": "00:28:11", "text": "happening directly from the horse's"}, {"start": "00:28:09", "end": "00:28:12", "text": "mouth. So a lot of times I'll make an an"}, {"start": "00:28:11", "end": "00:28:14", "text": "assumption or I'll say, \"Hey, I heard"}, {"start": "00:28:12", "end": "00:28:15", "text": "this or this is probably going to happen"}, {"start": "00:28:14", "end": "00:28:17", "text": "or we have a news article about that.\""}, {"start": "00:28:15", "end": "00:28:19", "text": "But until someone actually got up on"}, {"start": "00:28:17", "end": "00:28:21", "text": "stage and said the thing out loud,"}, {"start": "00:28:19", "end": "00:28:23", "text": "people in crypto wouldn't believe it. We"}, {"start": "00:28:21", "end": "00:28:25", "text": "are hearing directly from the richest"}, {"start": "00:28:23", "end": "00:28:27", "text": "people on the planet, from Goldman"}, {"start": "00:28:25", "end": "00:28:30", "text": "Sachs, from from Fidelity, from"}, {"start": "00:28:27", "end": "00:28:32", "text": "BlackRock, from every single mega"}, {"start": "00:28:30", "end": "00:28:34", "text": "company. We are hearing directly from"}, {"start": "00:28:32", "end": "00:28:36", "text": "filings from the United States"}, {"start": "00:28:34", "end": "00:28:38", "text": "Securities and Exchange Commission that"}, {"start": "00:28:36", "end": "00:28:40", "text": "the largest banks on the planet are"}, {"start": "00:28:38", "end": "00:28:42", "text": "buying up huge amounts of Bitcoin. Why"}, {"start": "00:28:40", "end": "00:28:44", "text": "the hell are people still assuming that"}, {"start": "00:28:42", "end": "00:28:46", "text": "like it's just not happening or that"}, {"start": "00:28:44", "end": "00:28:47", "text": "it's not taking place? It's because"}, {"start": "00:28:46", "end": "00:28:49", "text": "people always need prices to go a lot"}, {"start": "00:28:47", "end": "00:28:51", "text": "higher. And then when prices go a lot"}, {"start": "00:28:49", "end": "00:28:52", "text": "higher, they get upset because they"}, {"start": "00:28:51", "end": "00:28:54", "text": "realize that the last four years they"}, {"start": "00:28:52", "end": "00:28:55", "text": "should have been buying, but they're not"}, {"start": "00:28:54", "end": "00:28:56", "text": "buying. Everyone's waiting for prices to"}, {"start": "00:28:55", "end": "00:28:58", "text": "go higher, but when prices go higher,"}, {"start": "00:28:56", "end": "00:28:59", "text": "they realize that they can't afford what"}, {"start": "00:28:58", "end": "00:29:02", "text": "they're trying to buy because the prices"}, {"start": "00:28:59", "end": "00:29:06", "text": "have already gone up."}, {"start": "00:29:02", "end": "00:29:08", "text": "It's always the same. I don't know what"}, {"start": "00:29:06", "end": "00:29:10", "text": "is happening with people, what's"}, {"start": "00:29:08", "end": "00:29:12", "text": "happening with the world, why people"}, {"start": "00:29:10", "end": "00:29:15", "text": "aren't paying attention to information,"}, {"start": "00:29:12", "end": "00:29:18", "text": "to logic, to data that sits in front of"}, {"start": "00:29:15", "end": "00:29:22", "text": "them. and and take that sentence however"}, {"start": "00:29:18", "end": "00:29:23", "text": "you will. In general, for things,"}, {"start": "00:29:22", "end": "00:29:25", "text": "people just don't seem to be paying"}, {"start": "00:29:23", "end": "00:29:27", "text": "attention. Everyone has like a fog, like"}, {"start": "00:29:25", "end": "00:29:29", "text": "a mist somewhere around them, and"}, {"start": "00:29:27", "end": "00:29:31", "text": "they're not understanding what's taking"}, {"start": "00:29:29", "end": "00:29:34", "text": "place around the world."}, {"start": "00:29:31", "end": "00:29:36", "text": "By the year 2040, you are either going"}, {"start": "00:29:34", "end": "00:29:38", "text": "to be completely incapable of buying a"}, {"start": "00:29:36", "end": "00:29:41", "text": "home or they will be owned by a company"}, {"start": "00:29:38", "end": "00:29:43", "text": "incorporation. There's no way around"}, {"start": "00:29:41", "end": "00:29:44", "text": "that. They're buying up all the land."}, {"start": "00:29:43", "end": "00:29:46", "text": "They're buying up all the farmland."}, {"start": "00:29:44", "end": "00:29:48", "text": "They're buying up all the lakes. They're"}, {"start": "00:29:46", "end": "00:29:49", "text": "buying up all the water rights. They're"}, {"start": "00:29:48", "end": "00:29:50", "text": "buying up all the air rights. If you"}, {"start": "00:29:49", "end": "00:29:53", "text": "don't know what air rights are, look"}, {"start": "00:29:50", "end": "00:29:55", "text": "that up."}, {"start": "00:29:53", "end": "00:29:57", "text": "They're escaping the US dollar. They're"}, {"start": "00:29:55", "end": "00:30:00", "text": "escaping fiat currencies. They're moving"}, {"start": "00:29:57", "end": "00:30:01", "text": "away from US bonds and US debt and US"}, {"start": "00:30:00", "end": "00:30:03", "text": "treasuries. And they're telling us that"}, {"start": "00:30:01", "end": "00:30:08", "text": "they're moving into other assets. Which"}, {"start": "00:30:03", "end": "00:30:12", "text": "assets? It's crypto and real estate."}, {"start": "00:30:08", "end": "00:30:12", "text": "It cannot be any clearer."}, {"start": "00:30:12", "end": "00:30:17", "text": "I just had to throw that out there"}, {"start": "00:30:14", "end": "00:30:19", "text": "because I'm I know what's going to"}, {"start": "00:30:17", "end": "00:30:21", "text": "happen in the 2030s. I know what's going"}, {"start": "00:30:19", "end": "00:30:23", "text": "to happen by the year 2040. And there's"}, {"start": "00:30:21", "end": "00:30:24", "text": "going to be like a huge amount of I"}, {"start": "00:30:23", "end": "00:30:26", "text": "can't even use the term unrest. It's"}, {"start": "00:30:24", "end": "00:30:28", "text": "going to be like a lot of annoyance that"}, {"start": "00:30:26", "end": "00:30:30", "text": "like is flowing through the planet"}, {"start": "00:30:28", "end": "00:30:32", "text": "because everyone doesn't react until"}, {"start": "00:30:30", "end": "00:30:34", "text": "something has already happened. No one"}, {"start": "00:30:32", "end": "00:30:36", "text": "invests until they can't invest anymore."}, {"start": "00:30:34", "end": "00:30:37", "text": "No one buys [snorts] real estate when"}, {"start": "00:30:36", "end": "00:30:40", "text": "prices are lower because when the prices"}, {"start": "00:30:37", "end": "00:30:41", "text": "go a lot higher then they go why don't I"}, {"start": "00:30:40", "end": "00:30:43", "text": "have any real estate? Why didn't you buy"}, {"start": "00:30:41", "end": "00:30:45", "text": "in 2009? Why didn't you look at the"}, {"start": "00:30:43", "end": "00:30:47", "text": "property in 2011? And don't use that"}, {"start": "00:30:45", "end": "00:30:48", "text": "thing that pe people keep saying on"}, {"start": "00:30:47", "end": "00:30:50", "text": "Instagram. Well, you know, when I was in"}, {"start": "00:30:48", "end": "00:30:51", "text": "third grade, shut up. We're not talking"}, {"start": "00:30:50", "end": "00:30:53", "text": "about that. I'm so tired of people being"}, {"start": "00:30:51", "end": "00:30:54", "text": "like, well, I wish I had bought some"}, {"start": "00:30:53", "end": "00:30:56", "text": "real estate in, you know, when I was in"}, {"start": "00:30:54", "end": "00:30:58", "text": "fourth grade. No one's talking about"}, {"start": "00:30:56", "end": "00:30:59", "text": "you. I'm talking about your parents. I'm"}, {"start": "00:30:58", "end": "00:31:00", "text": "talking about everyone else. I'm talking"}, {"start": "00:30:59", "end": "00:31:03", "text": "about people listening to this right"}, {"start": "00:31:00", "end": "00:31:03", "text": "now."}, {"start": "00:31:04", "end": "00:31:08", "text": "A lot of people who are in crypto, who"}, {"start": "00:31:06", "end": "00:31:11", "text": "watch cryptocurrency videos, who watch"}, {"start": "00:31:08", "end": "00:31:12", "text": "my videos in the 2030s, you're going to"}, {"start": "00:31:11", "end": "00:31:14", "text": "look back and wish that you had done"}, {"start": "00:31:12", "end": "00:31:16", "text": "more. In the 2040s, you're going to wish"}, {"start": "00:31:14", "end": "00:31:19", "text": "that you had also looked back and done"}, {"start": "00:31:16", "end": "00:31:21", "text": "more. Do it now. Stop making excuses."}, {"start": "00:31:19", "end": "00:31:24", "text": "Just do it."}, {"start": "00:31:21", "end": "00:31:25", "text": "Start investing. Start accumulating. I"}, {"start": "00:31:24", "end": "00:31:28", "text": "don't care what it is. Just do"}, {"start": "00:31:25", "end": "00:31:28", "text": "something."}, {"start": "00:31:28", "end": "00:31:34", "text": "We are hearing"}, {"start": "00:31:31", "end": "00:31:37", "text": "from the richest people on the planet."}, {"start": "00:31:34", "end": "00:31:40", "text": "I'm expecting Bitcoin to go to 400,000."}, {"start": "00:31:37", "end": "00:31:42", "text": "Bitcoin's definitely going to 750,000."}, {"start": "00:31:40", "end": "00:31:44", "text": "We're expecting a million dollar"}, {"start": "00:31:42", "end": "00:31:48", "text": "Bitcoin."}, {"start": "00:31:44", "end": "00:31:51", "text": "What are What are you missing?"}, {"start": "00:31:48", "end": "00:31:53", "text": "the the only thing that logically stands"}, {"start": "00:31:51", "end": "00:31:55", "text": "not not in the way or like that's left"}, {"start": "00:31:53", "end": "00:31:57", "text": "is waiting for the future for that thing"}, {"start": "00:31:55", "end": "00:32:00", "text": "to happen to then look back and go,"}, {"start": "00:31:57", "end": "00:32:01", "text": "\"Well, I didn't have a chance. I mean, I"}, {"start": "00:32:00", "end": "00:32:03", "text": "only had the last 20 years to buy"}, {"start": "00:32:01", "end": "00:32:06", "text": "cryptocurrencies, but I didn't take that"}, {"start": "00:32:03", "end": "00:32:09", "text": "chance. Now I'm angry."}, {"start": "00:32:06", "end": "00:32:11", "text": "I don't get it. I don't understand. This"}, {"start": "00:32:09", "end": "00:32:13", "text": "is all public knowledge. Everything that"}, {"start": "00:32:11", "end": "00:32:14", "text": "we go over is like something in the"}, {"start": "00:32:13", "end": "00:32:16", "text": "news, something that's actually"}, {"start": "00:32:14", "end": "00:32:18", "text": "happening, something that's taking"}, {"start": "00:32:16", "end": "00:32:21", "text": "place, something that we can all look"}, {"start": "00:32:18", "end": "00:32:23", "text": "into that's going on."}, {"start": "00:32:21", "end": "00:32:26", "text": "Why are these companies buying billions"}, {"start": "00:32:23", "end": "00:32:28", "text": "of dollars worth of Bitcoin when the US"}, {"start": "00:32:26", "end": "00:32:31", "text": "has no one buying their Treasury bills"}, {"start": "00:32:28", "end": "00:32:34", "text": "or their bonds? Doesn't that seem kind"}, {"start": "00:32:31", "end": "00:32:37", "text": "of odd that the US has to buy back their"}, {"start": "00:32:34", "end": "00:32:38", "text": "own debt"}, {"start": "00:32:37", "end": "00:32:42", "text": "and everyone else continues to"}, {"start": "00:32:38", "end": "00:32:42", "text": "accumulate Bitcoin?"}, {"start": "00:32:45", "end": "00:32:50", "text": "[groaning]"}, {"start": "00:32:46", "end": "00:32:52", "text": "Well, everyone, um,"}, {"start": "00:32:50", "end": "00:32:55", "text": "if you if you understand, you"}, {"start": "00:32:52", "end": "00:32:57", "text": "understand. If you don't, I hope you"}, {"start": "00:32:55", "end": "00:33:00", "text": "understand next time. Um, I hope you've"}, {"start": "00:32:57", "end": "00:33:02", "text": "all got something from the video."}, {"start": "00:33:00", "end": "00:33:04", "text": "Hope you're all investing. I I know a"}, {"start": "00:33:02", "end": "00:33:06", "text": "lot of you are understand. I I see I I"}, {"start": "00:33:04", "end": "00:33:08", "text": "see the comments. I know a lot of you"}, {"start": "00:33:06", "end": "00:33:10", "text": "are, you know, investing and"}, {"start": "00:33:08", "end": "00:33:12", "text": "accumulating assets, but I sit here"}, {"start": "00:33:10", "end": "00:33:14", "text": "because I I deal with people and I"}, {"start": "00:33:12", "end": "00:33:16", "text": "interact with people who can complain"}, {"start": "00:33:14", "end": "00:33:17", "text": "about money and they don't have this and"}, {"start": "00:33:16", "end": "00:33:18", "text": "they can't do that and I'm like, \"Why"}, {"start": "00:33:17", "end": "00:33:19", "text": "are you not saving? I don't I I don't"}, {"start": "00:33:18", "end": "00:33:21", "text": "want to save.\" And then they they wait"}, {"start": "00:33:19", "end": "00:33:22", "text": "till next week to see me again to tell"}, {"start": "00:33:21", "end": "00:33:26", "text": "me exactly how bad everything is. And"}, {"start": "00:33:22", "end": "00:33:29", "text": "I'm like, \"You are making sure that you"}, {"start": "00:33:26", "end": "00:33:30", "text": "Okay. Uh thank you all once again for"}, {"start": "00:33:29", "end": "00:33:33", "text": "watching, listening, liking, commenting,"}, {"start": "00:33:30", "end": "00:33:36", "text": "and supporting the channel. And I will"}, {"start": "00:33:33", "end": "00:33:38", "text": "most certainly be talking uh to you all"}, {"start": "00:33:36", "end": "00:33:41", "text": "soon."}, {"start": "00:33:38", "end": "00:33:41", "text": "See you."}]

[{"start": "00:00:01", "end": "00:00:08", "text": "Hello everybody."}, {"start": "00:00:04", "end": "00:00:11", "text": "Welcome back for another video. Hope"}, {"start": "00:00:08", "end": "00:00:14", "text": "you're all doing well. Hope you're all"}, {"start": "00:00:11", "end": "00:00:16", "text": "doing fantastic"}, {"start": "00:00:14", "end": "00:00:19", "text": "and that you're all having a great day."}, {"start": "00:00:16", "end": "00:00:23", "text": "Hope that you're all remembering"}, {"start": "00:00:19", "end": "00:00:26", "text": "to invest. Yeah, I know someone said it."}, {"start": "00:00:23", "end": "00:00:29", "text": "It's very important. Uh the amount of"}, {"start": "00:00:26", "end": "00:00:32", "text": "people not investing uh continues to"}, {"start": "00:00:29", "end": "00:00:35", "text": "rise. The amount of people who uh want"}, {"start": "00:00:32", "end": "00:00:37", "text": "to retire also continues to rise, but"}, {"start": "00:00:35", "end": "00:00:39", "text": "you got to make sure you have some kind"}, {"start": "00:00:37", "end": "00:00:41", "text": "of money. Not going to get into that"}, {"start": "00:00:39", "end": "00:00:42", "text": "conversation."}, {"start": "00:00:41", "end": "00:00:45", "text": "[clears throat] Jess was chatting with"}, {"start": "00:00:42", "end": "00:00:47", "text": "someone two days ago about that and I"}, {"start": "00:00:45", "end": "00:00:49", "text": "was like, \"Yeah, a lot of people don't"}, {"start": "00:00:47", "end": "00:00:53", "text": "realize you have to make moves. That's"}, {"start": "00:00:49", "end": "00:00:56", "text": "how you uh get money and retire early.\""}, {"start": "00:00:53", "end": "00:01:00", "text": "A very big thank you to Finley Bass,"}, {"start": "00:00:56", "end": "00:01:03", "text": "Gilboa Snake, Trent Jackson, Gypsy"}, {"start": "00:01:00", "end": "00:01:09", "text": "Queen, Alexander the Greek, Lyall"}, {"start": "00:01:03", "end": "00:01:12", "text": "Austin, FT Clown, and Livio C. Very big"}, {"start": "00:01:09", "end": "00:01:15", "text": "thank you to all of my Patreon"}, {"start": "00:01:12", "end": "00:01:18", "text": "supporters. Without any further ado,"}, {"start": "00:01:15", "end": "00:01:21", "text": "let's jump right into it. How is"}, {"start": "00:01:18", "end": "00:01:23", "text": "everyone? What's new? How's life? What"}, {"start": "00:01:21", "end": "00:01:27", "text": "have you been up to lately? What have"}, {"start": "00:01:23", "end": "00:01:31", "text": "you been investing in? The news the last"}, {"start": "00:01:27", "end": "00:01:34", "text": "like five or six days is kind of I"}, {"start": "00:01:31", "end": "00:01:38", "text": "assume it's because of everything going"}, {"start": "00:01:34", "end": "00:01:41", "text": "on, but a lot of the news has been I"}, {"start": "00:01:38", "end": "00:01:43", "text": "mean it's not bad. You know, I I think I"}, {"start": "00:01:41", "end": "00:01:46", "text": "sometimes have the tone that the news"}, {"start": "00:01:43", "end": "00:01:48", "text": "might be difficult andor negative. No,"}, {"start": "00:01:46", "end": "00:01:52", "text": "it's it's been it's been exceptionally"}, {"start": "00:01:48", "end": "00:01:55", "text": "good as usual. It's just a lot of like"}, {"start": "00:01:52", "end": "00:01:58", "text": "intensity price-wise. A lot of the news"}, {"start": "00:01:55", "end": "00:02:02", "text": "the last couple of days has revolved"}, {"start": "00:01:58", "end": "00:02:04", "text": "around uh Bitcoin successfully having a"}, {"start": "00:02:02", "end": "00:02:07", "text": "golden cross on the charts, which would"}, {"start": "00:02:04", "end": "00:02:11", "text": "then mean prices going higher. Uh it's"}, {"start": "00:02:07", "end": "00:02:15", "text": "been about XRP showing signals and signs"}, {"start": "00:02:11", "end": "00:02:18", "text": "that it hasn't shown in years. or if it"}, {"start": "00:02:15", "end": "00:02:21", "text": "is showing signs and signals. These are"}, {"start": "00:02:18", "end": "00:02:25", "text": "mimics of price movements"}, {"start": "00:02:21", "end": "00:02:27", "text": "[clears throat] from 2016 to 2017, which"}, {"start": "00:02:25", "end": "00:02:30", "text": "is when we had all the gargantuan pumps."}, {"start": "00:02:27", "end": "00:02:33", "text": "There's a lot of news about reallocation"}, {"start": "00:02:30", "end": "00:02:35", "text": "of funds. There's news about AI"}, {"start": "00:02:33", "end": "00:02:37", "text": "potentially"}, {"start": "00:02:35", "end": "00:02:40", "text": "struggling over the coming years as"}, {"start": "00:02:37", "end": "00:02:42", "text": "we're seeing a lot of uh data centers no"}, {"start": "00:02:40", "end": "00:02:46", "text": "longer being built. Uh there are like"}, {"start": "00:02:42", "end": "00:02:49", "text": "famous rich people who are weirdly out"}, {"start": "00:02:46", "end": "00:02:52", "text": "of nowhere uh talking negatively about"}, {"start": "00:02:49", "end": "00:02:54", "text": "AI and I mean like like Bill Gates, not"}, {"start": "00:02:52", "end": "00:02:56", "text": "like random like people in movies but"}, {"start": "00:02:54", "end": "00:02:59", "text": "like people who kind of backed the"}, {"start": "00:02:56", "end": "00:03:01", "text": "sector before are now talking about yeah"}, {"start": "00:02:59", "end": "00:03:03", "text": "you know we're not expecting big money"}, {"start": "00:03:01", "end": "00:03:05", "text": "anymore. And then you have all these"}, {"start": "00:03:03", "end": "00:03:08", "text": "people talking about that a lot of the"}, {"start": "00:03:05", "end": "00:03:11", "text": "capital and money that was in other"}, {"start": "00:03:08", "end": "00:03:13", "text": "speculative markets is now moving into"}, {"start": "00:03:11", "end": "00:03:15", "text": "the cryptocurrency space. People are"}, {"start": "00:03:13", "end": "00:03:17", "text": "expecting big movements over the course"}, {"start": "00:03:15", "end": "00:03:19", "text": "of the next couple of weeks into the"}, {"start": "00:03:17", "end": "00:03:22", "text": "next couple of years within the it's"}, {"start": "00:03:19", "end": "00:03:26", "text": "just been a lot like every day is kind"}, {"start": "00:03:22", "end": "00:03:29", "text": "of this and it's not hypy. It's it's all"}, {"start": "00:03:26", "end": "00:03:32", "text": "I use the word accurate like kind of"}, {"start": "00:03:29", "end": "00:03:34", "text": "news representative of what might"}, {"start": "00:03:32", "end": "00:03:37", "text": "potentially happen to our space, but"}, {"start": "00:03:34", "end": "00:03:39", "text": "it's kind of like it's it's it's"}, {"start": "00:03:37", "end": "00:03:41", "text": "overwhelming. Overwhelming is a great"}, {"start": "00:03:39", "end": "00:03:43", "text": "word"}, {"start": "00:03:41", "end": "00:03:45", "text": "for everything that's currently uh"}, {"start": "00:03:43", "end": "00:03:50", "text": "happening right now. Uh, for those of"}, {"start": "00:03:45", "end": "00:03:52", "text": "you not looking at the screen,"}, {"start": "00:03:50", "end": "00:03:56", "text": "it says,"}, {"start": "00:03:52", "end": "00:04:00", "text": "\"Bitcoin only goes up.\""}, {"start": "00:03:56", "end": "00:04:04", "text": "That's the title. Bitcoin only goes up."}, {"start": "00:04:00", "end": "00:04:08", "text": "What the 200 week and 50Week MAS say"}, {"start": "00:04:04", "end": "00:04:09", "text": "about the cycle transition. So, I've"}, {"start": "00:04:08", "end": "00:04:11", "text": "been telling you this for the past"}, {"start": "00:04:09", "end": "00:04:13", "text": "couple of months. No, no, no, no, no,"}, {"start": "00:04:11", "end": "00:04:14", "text": "no. Yeah, yeah, yeah, yeah, yeah, yeah,"}, {"start": "00:04:13", "end": "00:04:16", "text": "yeah. It's it's it's been about two"}, {"start": "00:04:14", "end": "00:04:21", "text": "months now give or take roughly around"}, {"start": "00:04:16", "end": "00:04:24", "text": "that time period. It is believed"}, {"start": "00:04:21", "end": "00:04:28", "text": "that October will bring about the"}, {"start": "00:04:24", "end": "00:04:31", "text": "literal transition from the technical"}, {"start": "00:04:28", "end": "00:04:35", "text": "bare market which is what we are"}, {"start": "00:04:31", "end": "00:04:36", "text": "expected to currently be in into what is"}, {"start": "00:04:35", "end": "00:04:39", "text": "usually"}, {"start": "00:04:36", "end": "00:04:41", "text": "a multi-year bull run. It happens every"}, {"start": "00:04:39", "end": "00:04:46", "text": "single cycle. We've been going over the"}, {"start": "00:04:41", "end": "00:04:49", "text": "charts. It's uh 364 days down and over a"}, {"start": "00:04:46", "end": "00:04:51", "text": "thousand days moving up. Of course, it"}, {"start": "00:04:49", "end": "00:04:53", "text": "will not be a continuous movement up."}, {"start": "00:04:51", "end": "00:04:56", "text": "There will be ups and downs, but by the"}, {"start": "00:04:53", "end": "00:04:57", "text": "end of the road, we're at a half a"}, {"start": "00:04:56", "end": "00:04:59", "text": "million dollar Bitcoin, or so they're"}, {"start": "00:04:57", "end": "00:05:03", "text": "saying. [clears throat]"}, {"start": "00:04:59", "end": "00:05:06", "text": "Apparently, Bitcoin has provided all the"}, {"start": "00:05:03", "end": "00:05:08", "text": "metrics that we've been waiting for, and"}, {"start": "00:05:06", "end": "00:05:12", "text": "100,000"}, {"start": "00:05:08", "end": "00:05:15", "text": "per coin plus is now currently inbound."}, {"start": "00:05:12", "end": "00:05:18", "text": "This is kind of as I was saying the last"}, {"start": "00:05:15", "end": "00:05:21", "text": "like couple of days we were having some"}, {"start": "00:05:18", "end": "00:05:23", "text": "news before a lot of it"}, {"start": "00:05:21", "end": "00:05:26", "text": "revolved around the clarity act. A lot"}, {"start": "00:05:23", "end": "00:05:29", "text": "of it revolved around is still revolving"}, {"start": "00:05:26", "end": "00:05:32", "text": "around interest rates, but now there are"}, {"start": "00:05:29", "end": "00:05:34", "text": "a lot of articles discussing uh like"}, {"start": "00:05:32", "end": "00:05:36", "text": "chart movements and more technical"}, {"start": "00:05:34", "end": "00:05:38", "text": "things and it looks like it's going to"}, {"start": "00:05:36", "end": "00:05:39", "text": "do this and we're waiting for this kind"}, {"start": "00:05:38", "end": "00:05:43", "text": "of event to happen and then this is"}, {"start": "00:05:39", "end": "00:05:46", "text": "going to that's a lot of the crypto news"}, {"start": "00:05:43", "end": "00:05:49", "text": "right now. It says, \"Bitcoin's 200W and"}, {"start": "00:05:46", "end": "00:05:52", "text": "50W moving average have historically"}, {"start": "00:05:49", "end": "00:05:55", "text": "offered two of the clearest signals for"}, {"start": "00:05:52", "end": "00:05:58", "text": "identifying where a bare market bottoms"}, {"start": "00:05:55", "end": "00:06:02", "text": "and when a new bull market begins."}, {"start": "00:05:58", "end": "00:06:04", "text": "Bitcoin's 200 WMA has only gone up."}, {"start": "00:06:02", "end": "00:06:07", "text": "While both gold and the S&P 500 have"}, {"start": "00:06:04", "end": "00:06:11", "text": "experienced periods where this long-term"}, {"start": "00:06:07", "end": "00:06:13", "text": "trend line declined, the 200 WMA moving"}, {"start": "00:06:11", "end": "00:06:16", "text": "average has historically marked"}, {"start": "00:06:13", "end": "00:06:18", "text": "Bitcoin's bare market floor. Though"}, {"start": "00:06:16", "end": "00:06:20", "text": "reclaiming it alone does not confirm the"}, {"start": "00:06:18", "end": "00:06:23", "text": "bare market is over, the 50week moving"}, {"start": "00:06:20", "end": "00:06:25", "text": "average is the key confirmation level. A"}, {"start": "00:06:23", "end": "00:06:27", "text": "decisive weekly re reclaim would"}, {"start": "00:06:25", "end": "00:06:30", "text": "significantly strengthen the case for a"}, {"start": "00:06:27", "end": "00:06:32", "text": "new bull run."}, {"start": "00:06:30", "end": "00:06:34", "text": "My goodness."}, {"start": "00:06:32", "end": "00:06:37", "text": "So, you are going to, this isn't going"}, {"start": "00:06:34", "end": "00:06:40", "text": "to be a a thing in passing. the next"}, {"start": "00:06:37", "end": "00:06:44", "text": "couple of weeks you are going to hear a"}, {"start": "00:06:40", "end": "00:06:49", "text": "lot of news about charts about movements"}, {"start": "00:06:44", "end": "00:06:55", "text": "because if and I dare say the majority"}, {"start": "00:06:49", "end": "00:06:58", "text": "if the majority of these uh charts"}, {"start": "00:06:55", "end": "00:07:03", "text": "show officially on the 6th or 7th of"}, {"start": "00:06:58", "end": "00:07:05", "text": "October of 2026 that Bitcoin has moved"}, {"start": "00:07:03", "end": "00:07:07", "text": "above a certain number. if it has marked"}, {"start": "00:07:05", "end": "00:07:10", "text": "a certain thing, if it's showing the"}, {"start": "00:07:07", "end": "00:07:12", "text": "exact same symbols that we have seen"}, {"start": "00:07:10", "end": "00:07:14", "text": "before in other cycles over the course"}, {"start": "00:07:12", "end": "00:07:16", "text": "of four years and that Bitcoin is going"}, {"start": "00:07:14", "end": "00:07:20", "text": "to go back up, I think we're going to"}, {"start": "00:07:16", "end": "00:07:22", "text": "like experience madness"}, {"start": "00:07:20", "end": "00:07:25", "text": "within this market. Everyone's expecting"}, {"start": "00:07:22", "end": "00:07:29", "text": "prices to go higher. I think a really"}, {"start": "00:07:25", "end": "00:07:31", "text": "good catalyst would be a for prices to"}, {"start": "00:07:29", "end": "00:07:36", "text": "begin to move up a bit higher, but then"}, {"start": "00:07:31", "end": "00:07:40", "text": "to also hear we are officially in the"}, {"start": "00:07:36", "end": "00:07:44", "text": "bull run. This chart shows that four"}, {"start": "00:07:40", "end": "00:07:48", "text": "other times when this happened, Bitcoin"}, {"start": "00:07:44", "end": "00:07:52", "text": "went up a lot higher. I think if that"}, {"start": "00:07:48", "end": "00:07:55", "text": "happens on social media and if Bitcoin"}, {"start": "00:07:52", "end": "00:07:59", "text": "goes up by a couple thousand dollars"}, {"start": "00:07:55", "end": "00:08:00", "text": "that day, it is it's go time. We've been"}, {"start": "00:07:59", "end": "00:08:03", "text": "hearing for a while and if you haven't"}, {"start": "00:08:00", "end": "00:08:05", "text": "missed any I mean happen to miss any of"}, {"start": "00:08:03", "end": "00:08:08", "text": "the actual price predictions and stuff"}, {"start": "00:08:05", "end": "00:08:11", "text": "for the end of this year. They've been"}, {"start": "00:08:08", "end": "00:08:14", "text": "quite staggering. Everyone's announcing"}, {"start": "00:08:11", "end": "00:08:19", "text": "minimum"}, {"start": "00:08:14", "end": "00:08:23", "text": "150k Bitcoin, $5,000, $6,000 Ethereum."}, {"start": "00:08:19", "end": "00:08:26", "text": "It's like the the the most concrete"}, {"start": "00:08:23", "end": "00:08:29", "text": "consistent thing that we are hearing"}, {"start": "00:08:26", "end": "00:08:31", "text": "right now about the cryptocurrency"}, {"start": "00:08:29", "end": "00:08:34", "text": "market."}, {"start": "00:08:31", "end": "00:08:40", "text": "It says"}, {"start": "00:08:34", "end": "00:08:43", "text": "XRP has entered a rare technical zone"}, {"start": "00:08:40", "end": "00:08:46", "text": "that has come before some of its biggest"}, {"start": "00:08:43", "end": "00:08:52", "text": "price moves. This is according to the"}, {"start": "00:08:46", "end": "00:08:55", "text": "analyst known as Chart Nerd. Great name."}, {"start": "00:08:52", "end": "00:08:57", "text": "He highlighted 2014,"}, {"start": "00:08:55", "end": "00:08:58", "text": "2017,"}, {"start": "00:08:57", "end": "00:09:00", "text": "2020,"}, {"start": "00:08:58", "end": "00:09:04", "text": "2022,"}, {"start": "00:09:00", "end": "00:09:08", "text": "2024, and the current 2026 setup as"}, {"start": "00:09:04", "end": "00:09:10", "text": "examples of times when XRP reached the"}, {"start": "00:09:08", "end": "00:09:14", "text": "lower end of the Gausian channel before"}, {"start": "00:09:10", "end": "00:09:16", "text": "a major price move."}, {"start": "00:09:14", "end": "00:09:21", "text": "I need you to understand how popular all"}, {"start": "00:09:16", "end": "00:09:24", "text": "of this news is. it is. I have not at"}, {"start": "00:09:21", "end": "00:09:27", "text": "the moment personally found any kind of"}, {"start": "00:09:24", "end": "00:09:30", "text": "negative price news. There are still"}, {"start": "00:09:27", "end": "00:09:32", "text": "some websites who do report on uh Peter"}, {"start": "00:09:30", "end": "00:09:35", "text": "Schiff, the guy who loves gold. I"}, {"start": "00:09:32", "end": "00:09:37", "text": "sincerely don't understand"}, {"start": "00:09:35", "end": "00:09:40", "text": "how this guy is still making it into"}, {"start": "00:09:37", "end": "00:09:43", "text": "crypto news. I really don't get it. He's"}, {"start": "00:09:40", "end": "00:09:46", "text": "the only person."}, {"start": "00:09:43", "end": "00:09:49", "text": "Everyone else, every other chart,"}, {"start": "00:09:46", "end": "00:09:51", "text": "everything else is based off of prices"}, {"start": "00:09:49", "end": "00:09:53", "text": "are going higher. We have a couple of"}, {"start": "00:09:51", "end": "00:09:55", "text": "weeks left. The charts are showing this."}, {"start": "00:09:53", "end": "00:09:58", "text": "XRP just did that. Ethereum just formed"}, {"start": "00:09:55", "end": "00:10:01", "text": "a movement that we haven't seen since"}, {"start": "00:09:58", "end": "00:10:04", "text": "the beginning of 2017 when Ethereum rose"}, {"start": "00:10:01", "end": "00:10:06", "text": "by 800x. Bitcoin just did this. The"}, {"start": "00:10:04", "end": "00:10:09", "text": "charts are showing that this is this is"}, {"start": "00:10:06", "end": "00:10:11", "text": "like real. Like this is like all over"}, {"start": "00:10:09", "end": "00:10:15", "text": "the place."}, {"start": "00:10:11", "end": "00:10:18", "text": "So, the issue for us ends up being"}, {"start": "00:10:15", "end": "00:10:20", "text": "uh just how much of this actually ends"}, {"start": "00:10:18", "end": "00:10:23", "text": "up uh transpiring."}, {"start": "00:10:20", "end": "00:10:26", "text": "We're all expecting higher prices. By"}, {"start": "00:10:23", "end": "00:10:29", "text": "the time we get to October, this should"}, {"start": "00:10:26", "end": "00:10:31", "text": "revalidate that we're actually in the"}, {"start": "00:10:29", "end": "00:10:34", "text": "four-year cycle. Even though some people"}, {"start": "00:10:31", "end": "00:10:37", "text": "say we have shifted backwards or shifted"}, {"start": "00:10:34", "end": "00:10:39", "text": "forwards, we're currently in a bull"}, {"start": "00:10:37", "end": "00:10:41", "text": "cycle, but no one's announcing it or"}, {"start": "00:10:39", "end": "00:10:43", "text": "that we might be a couple of weeks"}, {"start": "00:10:41", "end": "00:10:46", "text": "forward or that we might have to wait"}, {"start": "00:10:43", "end": "00:10:46", "text": "until November."}, {"start": "00:10:46", "end": "00:10:53", "text": "The core of it is that prices are going"}, {"start": "00:10:50", "end": "00:10:55", "text": "to go higher as we've been going over."}, {"start": "00:10:53", "end": "00:10:57", "text": "But I I need to show you the news so"}, {"start": "00:10:55", "end": "00:10:59", "text": "that you actually also properly"}, {"start": "00:10:57", "end": "00:11:03", "text": "understand what I'm saying. This isn't"}, {"start": "00:10:59", "end": "00:11:05", "text": "like a one article kind of thing. It's"}, {"start": "00:11:03", "end": "00:11:10", "text": "everywhere."}, {"start": "00:11:05", "end": "00:11:12", "text": "Even with news of what the Fed might"}, {"start": "00:11:10", "end": "00:11:15", "text": "continue to do over the course of this"}, {"start": "00:11:12", "end": "00:11:17", "text": "year and next year, if you haven't seen"}, {"start": "00:11:15", "end": "00:11:20", "text": "the bank's predictions for interest"}, {"start": "00:11:17", "end": "00:11:24", "text": "rates rising or falling or being kept"}, {"start": "00:11:20", "end": "00:11:26", "text": "the same, crypto news, even with that"}, {"start": "00:11:24", "end": "00:11:29", "text": "information in the articles, revolves"}, {"start": "00:11:26", "end": "00:11:34", "text": "around prices are going to go much"}, {"start": "00:11:29", "end": "00:11:34", "text": "higher for the cryptocurrency market."}, {"start": "00:11:34", "end": "00:11:41", "text": "It's like a foundation"}, {"start": "00:11:37", "end": "00:11:45", "text": "of the idea of crypto uh right now. So"}, {"start": "00:11:41", "end": "00:11:47", "text": "yes, we will see what happens. We have"}, {"start": "00:11:45", "end": "00:11:51", "text": "no choice. Time will move forward. Uh"}, {"start": "00:11:47", "end": "00:11:56", "text": "but the anticipation is"}, {"start": "00:11:51", "end": "00:11:58", "text": "sky high that we could"}, {"start": "00:11:56", "end": "00:12:03", "text": "potentially be entering into a"}, {"start": "00:11:58", "end": "00:12:07", "text": "three-year bull run. And that's with"}, {"start": "00:12:03", "end": "00:12:10", "text": "news of 2 million Bitcoin"}, {"start": "00:12:07", "end": "00:12:13", "text": "having been accumulated by companies,"}, {"start": "00:12:10", "end": "00:12:16", "text": "two three"}, {"start": "00:12:13", "end": "00:12:18", "text": "companies over the course of the last"}, {"start": "00:12:16", "end": "00:12:22", "text": "two years. If you didn't see the other"}, {"start": "00:12:18", "end": "00:12:26", "text": "videos, apparently the uh ex the gez"}, {"start": "00:12:22", "end": "00:12:29", "text": "Louise, the cryptocurrency ETF inflows"}, {"start": "00:12:26", "end": "00:12:32", "text": "are also extremely off the charts. one"}, {"start": "00:12:29", "end": "00:12:35", "text": "day had like $900 million in Bitcoin."}, {"start": "00:12:32", "end": "00:12:36", "text": "There was a a cluster of days where it"}, {"start": "00:12:35", "end": "00:12:40", "text": "was $3.6"}, {"start": "00:12:36", "end": "00:12:42", "text": "million worth of inflows for Bitcoin."}, {"start": "00:12:40", "end": "00:12:46", "text": "The money's there. So, now it's just"}, {"start": "00:12:42", "end": "00:12:49", "text": "time for prices to move up accordingly."}, {"start": "00:12:46", "end": "00:12:54", "text": "That's the price news. I don't really"}, {"start": "00:12:49", "end": "00:12:57", "text": "know how to frame that one, but yeah,"}, {"start": "00:12:54", "end": "00:13:00", "text": "let's move on."}, {"start": "00:12:57", "end": "00:13:03", "text": "Also in the news, uh, Strive,"}, {"start": "00:13:00", "end": "00:13:06", "text": "not to be confused with Stripe or"}, {"start": "00:13:03", "end": "00:13:09", "text": "Strike. Uh, I don't know why many crypto"}, {"start": "00:13:06", "end": "00:13:13", "text": "companies start with Stry, but okay. It"}, {"start": "00:13:09", "end": "00:13:16", "text": "says Strive adds 1,075"}, {"start": "00:13:13", "end": "00:13:20", "text": "Bitcoin in a"}, {"start": "00:13:16", "end": "00:13:23", "text": "19 million Treasury buy while strategy"}, {"start": "00:13:20", "end": "00:13:25", "text": "pauses. That one's a bit dramatic. We"}, {"start": "00:13:23", "end": "00:13:28", "text": "heard from Micro Strategy recently. they"}, {"start": "00:13:25", "end": "00:13:30", "text": "had just purchased more Bitcoin. Michael"}, {"start": "00:13:28", "end": "00:13:33", "text": "Sailor announcing that their conviction"}, {"start": "00:13:30", "end": "00:13:36", "text": "has not faded and they're only going to"}, {"start": "00:13:33", "end": "00:13:38", "text": "continue buying more Bitcoin. Obviously,"}, {"start": "00:13:36", "end": "00:13:40", "text": "what they were doing before was just an"}, {"start": "00:13:38", "end": "00:13:43", "text": "appeasement to their investors so that"}, {"start": "00:13:40", "end": "00:13:46", "text": "they have multiple years worth of"}, {"start": "00:13:43", "end": "00:13:49", "text": "dividend payments for them."}, {"start": "00:13:46", "end": "00:13:53", "text": "Uh secondly, yeah, um a lot of these"}, {"start": "00:13:49", "end": "00:13:53", "text": "companies typically"}, {"start": "00:13:53", "end": "00:13:59", "text": "purchased around like we would hear in"}, {"start": "00:13:56", "end": "00:14:02", "text": "the news they purchased 24 Bitcoin. This"}, {"start": "00:13:59", "end": "00:14:05", "text": "company bought 89 Bitcoin. Uh they've"}, {"start": "00:14:02", "end": "00:14:06", "text": "upped their purchases"}, {"start": "00:14:05", "end": "00:14:10", "text": "massively"}, {"start": "00:14:06", "end": "00:14:13", "text": "and I assume that is probably because of"}, {"start": "00:14:10", "end": "00:14:15", "text": "the expectation of higher prices. If"}, {"start": "00:14:13", "end": "00:14:18", "text": "your company has a goal of accumulating"}, {"start": "00:14:15", "end": "00:14:21", "text": "X amount of Bitcoin and you are hearing"}, {"start": "00:14:18", "end": "00:14:25", "text": "that Bitcoin's price might"}, {"start": "00:14:21", "end": "00:14:27", "text": "do a 5x in price over the course of the"}, {"start": "00:14:25", "end": "00:14:31", "text": "next three years, you're going to start"}, {"start": "00:14:27", "end": "00:14:35", "text": "ramping up your purchases. Uh Strive now"}, {"start": "00:14:31", "end": "00:14:35", "text": "has 24,000"}, {"start": "00:14:35", "end": "00:14:40", "text": "531"}, {"start": "00:14:37", "end": "00:14:43", "text": "Bitcoin for reference. That's another"}, {"start": "00:14:40", "end": "00:14:43", "text": "24,000"}, {"start": "00:14:44", "end": "00:14:49", "text": "530"}, {"start": "00:14:46", "end": "00:14:52", "text": "millionaires and billionaires on the"}, {"start": "00:14:49", "end": "00:14:54", "text": "planet who will never have an entire"}, {"start": "00:14:52", "end": "00:14:58", "text": "coin"}, {"start": "00:14:54", "end": "00:15:02", "text": "ever. If Bitcoin does indeed become the"}, {"start": "00:14:58", "end": "00:15:05", "text": "mega world ultra currency in 20 30"}, {"start": "00:15:02", "end": "00:15:08", "text": "whatever something years, there are"}, {"start": "00:15:05", "end": "00:15:11", "text": "going to be tons of millionaires uh who"}, {"start": "00:15:08", "end": "00:15:13", "text": "only have like Satoshi's. They will"}, {"start": "00:15:11", "end": "00:15:17", "text": "never"}, {"start": "00:15:13", "end": "00:15:19", "text": "ever be able to own an entire coin."}, {"start": "00:15:17", "end": "00:15:21", "text": "Fascinating. That's where that we and we"}, {"start": "00:15:19", "end": "00:15:26", "text": "still don't have an update. Uh there's"}, {"start": "00:15:21", "end": "00:15:28", "text": "been no updates at all of the uh 0.28"}, {"start": "00:15:26", "end": "00:15:30", "text": "Bitcoin,"}, {"start": "00:15:28", "end": "00:15:32", "text": "nothing. So we have no idea how much or"}, {"start": "00:15:30", "end": "00:15:35", "text": "how little"}, {"start": "00:15:32", "end": "00:15:41", "text": "Bitcoin you need to have to be in the"}, {"start": "00:15:35", "end": "00:15:43", "text": "top 1%. Back in 2018, it was 0.28."}, {"start": "00:15:41", "end": "00:15:46", "text": "If you had just a smidge above a quarter"}, {"start": "00:15:43", "end": "00:15:51", "text": "of a Bitcoin, you were in the top 1%. I"}, {"start": "00:15:46", "end": "00:15:54", "text": "assume that number is like 0.05. 05."}, {"start": "00:15:51", "end": "00:15:58", "text": "Like realistically,"}, {"start": "00:15:54", "end": "00:16:01", "text": "keep in mind in the last decade, we've"}, {"start": "00:15:58", "end": "00:16:05", "text": "seen about four to five million Bitcoin."}, {"start": "00:16:01", "end": "00:16:09", "text": "Last decade, four to if not more, four"}, {"start": "00:16:05", "end": "00:16:11", "text": "to five million Bitcoin plus enter the"}, {"start": "00:16:09", "end": "00:16:14", "text": "hands of governments, institutions,"}, {"start": "00:16:11", "end": "00:16:18", "text": "companies, and banks."}, {"start": "00:16:14", "end": "00:16:21", "text": "So, I assume if you have 0.05 05"}, {"start": "00:16:18", "end": "00:16:23", "text": "Bitcoin, you are probably in the top 1%"}, {"start": "00:16:21", "end": "00:16:26", "text": "of holders"}, {"start": "00:16:23", "end": "00:16:27", "text": "everywhere on the planet."}, {"start": "00:16:26", "end": "00:16:32", "text": "Something to think about. Just, you"}, {"start": "00:16:27", "end": "00:16:35", "text": "know, throw in some logic your way."}, {"start": "00:16:32", "end": "00:16:39", "text": "That's the Strive has purchased more"}, {"start": "00:16:35", "end": "00:16:42", "text": "Bitcoin news. And yeah,"}, {"start": "00:16:39", "end": "00:16:45", "text": "let's move on."}, {"start": "00:16:42", "end": "00:16:48", "text": "I saw almost no one talking about this,"}, {"start": "00:16:45", "end": "00:16:50", "text": "which I personally find"}, {"start": "00:16:48", "end": "00:16:52", "text": "special. It's actually the only word"}, {"start": "00:16:50", "end": "00:16:54", "text": "that I can use just because of how"}, {"start": "00:16:52", "end": "00:16:58", "text": "ridiculous this actually is. If you"}, {"start": "00:16:54", "end": "00:17:00", "text": "didn't see last year,"}, {"start": "00:16:58", "end": "00:17:04", "text": "there was something in the news"}, {"start": "00:17:00", "end": "00:17:07", "text": "regarding the idea of being able to use"}, {"start": "00:17:04", "end": "00:17:09", "text": "Bitcoin as collateral for debt. So there"}, {"start": "00:17:07", "end": "00:17:13", "text": "are many places that already run like"}, {"start": "00:17:09", "end": "00:17:15", "text": "Bitcoin debt services where and it's not"}, {"start": "00:17:13", "end": "00:17:17", "text": "as popular anymore where you can like"}, {"start": "00:17:15", "end": "00:17:20", "text": "lend out your Bitcoin and then you make"}, {"start": "00:17:17", "end": "00:17:22", "text": "a return on it. That transformed for"}, {"start": "00:17:20", "end": "00:17:25", "text": "some reason at the end of last year into"}, {"start": "00:17:22", "end": "00:17:28", "text": "this idea of being able to use your"}, {"start": "00:17:25", "end": "00:17:31", "text": "Bitcoin slashcrypto"}, {"start": "00:17:28", "end": "00:17:34", "text": "for a mortgage. So for instance, you go"}, {"start": "00:17:31", "end": "00:17:36", "text": "to the bank and say, \"Hey bro, I want to"}, {"start": "00:17:34", "end": "00:17:38", "text": "buy a home.\" home and they go, \"You got"}, {"start": "00:17:36", "end": "00:17:39", "text": "any monies?\" And you're like, \"Yeah, the"}, {"start": "00:17:38", "end": "00:17:41", "text": "money is right there.\" And they go,"}, {"start": "00:17:39", "end": "00:17:45", "text": "\"Awesome. That's really cool.\" And then"}, {"start": "00:17:41", "end": "00:17:48", "text": "you get the mortgage. Uh now, uh because"}, {"start": "00:17:45", "end": "00:17:53", "text": "of Coinbase and a Fanny May in the"}, {"start": "00:17:48", "end": "00:17:57", "text": "United States, you can now use Bitcoin."}, {"start": "00:17:53", "end": "00:18:00", "text": "I feel like people don't understand the"}, {"start": "00:17:57", "end": "00:18:02", "text": "actual And I know many of you I I get"}, {"start": "00:18:00", "end": "00:18:04", "text": "it. I know, calm down. I know many of"}, {"start": "00:18:02", "end": "00:18:08", "text": "you probably understand, but I think the"}, {"start": "00:18:04", "end": "00:18:11", "text": "masses don't understand what it means to"}, {"start": "00:18:08", "end": "00:18:13", "text": "have something like this happening. I"}, {"start": "00:18:11", "end": "00:18:17", "text": "also don't know why"}, {"start": "00:18:13", "end": "00:18:20", "text": "people overreact for everything."}, {"start": "00:18:17", "end": "00:18:23", "text": "Like a potato chip will like fall on the"}, {"start": "00:18:20", "end": "00:18:25", "text": "ground and people will like panic like"}, {"start": "00:18:23", "end": "00:18:27", "text": "they'll run back into their homes. I"}, {"start": "00:18:25", "end": "00:18:32", "text": "don't understand how this isn't making"}, {"start": "00:18:27", "end": "00:18:35", "text": "more news that we are actively seeing"}, {"start": "00:18:32", "end": "00:18:40", "text": "crypto take even a slice of the market"}, {"start": "00:18:35", "end": "00:18:44", "text": "share of the dollar and fiat currencies."}, {"start": "00:18:40", "end": "00:18:46", "text": "If you talk about the the inind"}, {"start": "00:18:44", "end": "00:18:50", "text": "redemptions for crypto ETFs, we've gone"}, {"start": "00:18:46", "end": "00:18:52", "text": "over this. You can now like"}, {"start": "00:18:50", "end": "00:18:54", "text": "not be paid out in dollars, but you're"}, {"start": "00:18:52", "end": "00:18:56", "text": "paid out as you cash out from the ETF"}, {"start": "00:18:54", "end": "00:18:58", "text": "like in crypto. That's quite"}, {"start": "00:18:56", "end": "00:19:00", "text": "significant. You're circumventing the"}, {"start": "00:18:58", "end": "00:19:04", "text": "usage of the US dollar."}, {"start": "00:19:00", "end": "00:19:06", "text": "The idea of like stable coins rising."}, {"start": "00:19:04", "end": "00:19:08", "text": "Stable coins are mimic of the US dollar,"}, {"start": "00:19:06", "end": "00:19:12", "text": "but they're not the US dollar. And then"}, {"start": "00:19:08", "end": "00:19:14", "text": "these things go on to our chains and"}, {"start": "00:19:12", "end": "00:19:16", "text": "they like strengthen and have more real"}, {"start": "00:19:14", "end": "00:19:21", "text": "world value as we see people literally"}, {"start": "00:19:16", "end": "00:19:25", "text": "using less dollars and paper currencies,"}, {"start": "00:19:21", "end": "00:19:28", "text": "choosing to use crypto or digital forms"}, {"start": "00:19:25", "end": "00:19:29", "text": "of money more and more every day. When"}, {"start": "00:19:28", "end": "00:19:32", "text": "you talk about I told you this last"}, {"start": "00:19:29", "end": "00:19:36", "text": "year,"}, {"start": "00:19:32", "end": "00:19:38", "text": "you've only ever been able to use"}, {"start": "00:19:36", "end": "00:19:40", "text": "your dollars"}, {"start": "00:19:38", "end": "00:19:43", "text": "as"}, {"start": "00:19:40", "end": "00:19:45", "text": "like your down payment for a home within"}, {"start": "00:19:43", "end": "00:19:49", "text": "the United States. The US dollar is like"}, {"start": "00:19:45", "end": "00:19:51", "text": "the US dollar is the US dollar."}, {"start": "00:19:49", "end": "00:19:53", "text": "the idea of being able to get a mortgage"}, {"start": "00:19:51", "end": "00:19:56", "text": "for a home using crypto."}, {"start": "00:19:53", "end": "00:19:59", "text": "You've circumvented"}, {"start": "00:19:56", "end": "00:20:02", "text": "the US dollar."}, {"start": "00:19:59", "end": "00:20:06", "text": "So, what I mean is I I I always expect"}, {"start": "00:20:02", "end": "00:20:10", "text": "more of a reaction from people regarding"}, {"start": "00:20:06", "end": "00:20:13", "text": "this idea of like, yeah, crypto's"}, {"start": "00:20:10", "end": "00:20:17", "text": "kind of taking over everything. And if"}, {"start": "00:20:13", "end": "00:20:19", "text": "this is the trend from the last 11"}, {"start": "00:20:17", "end": "00:20:22", "text": "months,"}, {"start": "00:20:19", "end": "00:20:23", "text": "where are we in 10 years?"}, {"start": "00:20:22", "end": "00:20:25", "text": "We know that we're expecting higher"}, {"start": "00:20:23", "end": "00:20:28", "text": "Bitcoin prices. Ethereum's to the moon"}, {"start": "00:20:25", "end": "00:20:30", "text": "and XRP is 900 bajillion dollars per"}, {"start": "00:20:28", "end": "00:20:32", "text": "coin."}, {"start": "00:20:30", "end": "00:20:35", "text": "Are we still talking about the dollar?"}, {"start": "00:20:32", "end": "00:20:38", "text": "Are people still investing in gold?"}, {"start": "00:20:35", "end": "00:20:40", "text": "Like, have we just It's very important"}, {"start": "00:20:38", "end": "00:20:43", "text": "to think about. Uh no one was talking"}, {"start": "00:20:40", "end": "00:20:47", "text": "about this. Nope. completely uh flown"}, {"start": "00:20:43", "end": "00:20:51", "text": "over. Uh so Coinbase has apparently"}, {"start": "00:20:47", "end": "00:20:54", "text": "officially opened uh their their Bitcoin"}, {"start": "00:20:51", "end": "00:20:54", "text": "uh mortgages."}, {"start": "00:20:54", "end": "00:21:00", "text": "It says tokenbacked mortgage reaches"}, {"start": "00:20:58", "end": "00:21:03", "text": "general availability."}, {"start": "00:21:00", "end": "00:21:06", "text": "It says, and I quote, \"These first of"}, {"start": "00:21:03", "end": "00:21:08", "text": "its kind mortgages will be originated"}, {"start": "00:21:06", "end": "00:21:10", "text": "and serviced by the company called"}, {"start": "00:21:08", "end": "00:21:14", "text": "Better.\" Terrible name for a company."}, {"start": "00:21:10", "end": "00:21:18", "text": "Like if so many times like you if I type"}, {"start": "00:21:14", "end": "00:21:20", "text": "in better like better company"}, {"start": "00:21:18", "end": "00:21:22", "text": "like how am I supposed to find you? What"}, {"start": "00:21:20", "end": "00:21:26", "text": "there's so many words in English. Why"}, {"start": "00:21:22", "end": "00:21:29", "text": "are you choosing like bread"}, {"start": "00:21:26", "end": "00:21:31", "text": "water? Like your company's called water."}, {"start": "00:21:29", "end": "00:21:35", "text": "Like how the how am I supposed to find"}, {"start": "00:21:31", "end": "00:21:37", "text": "you? Serviced by the company better and"}, {"start": "00:21:35", "end": "00:21:40", "text": "powered by Coinbase and designed in"}, {"start": "00:21:37", "end": "00:21:44", "text": "accordance with guidelines from Fanny"}, {"start": "00:21:40", "end": "00:21:47", "text": "May making it the first lean a standard"}, {"start": "00:21:44", "end": "00:21:51", "text": "conforming mortgage."}, {"start": "00:21:47", "end": "00:21:54", "text": "They said weight list data also revealed"}, {"start": "00:21:51", "end": "00:21:58", "text": "over $260"}, {"start": "00:21:54", "end": "00:22:01", "text": "million in projected loan volume. This"}, {"start": "00:21:58", "end": "00:22:05", "text": "is before general availability."}, {"start": "00:22:01", "end": "00:22:08", "text": "better and Coinbase are now scaling that"}, {"start": "00:22:05", "end": "00:22:12", "text": "early success, bringing traditional"}, {"start": "00:22:08", "end": "00:22:15", "text": "mortgage and Hel offerings to Coinbase's"}, {"start": "00:22:12", "end": "00:22:17", "text": "broader membership."}, {"start": "00:22:15", "end": "00:22:20", "text": "That's now"}, {"start": "00:22:17", "end": "00:22:23", "text": "they got a quarter of a billion dollars"}, {"start": "00:22:20", "end": "00:22:26", "text": "in projected loan volume before it"}, {"start": "00:22:23", "end": "00:22:28", "text": "reached the masses."}, {"start": "00:22:26", "end": "00:22:31", "text": "My friend, what happens if Bitcoin goes"}, {"start": "00:22:28", "end": "00:22:33", "text": "up to $740,000"}, {"start": "00:22:31", "end": "00:22:35", "text": "per coin?"}, {"start": "00:22:33", "end": "00:22:37", "text": "You know how many more people are going"}, {"start": "00:22:35", "end": "00:22:40", "text": "to get mortgages based off of like the"}, {"start": "00:22:37", "end": "00:22:42", "text": "higher crypto prices go,"}, {"start": "00:22:40", "end": "00:22:46", "text": "the more people are going to be using"}, {"start": "00:22:42", "end": "00:22:49", "text": "this? This literally puts people who are"}, {"start": "00:22:46", "end": "00:22:52", "text": "holding crypto. You bought crypto a"}, {"start": "00:22:49", "end": "00:22:54", "text": "couple of years ago. Crypto prices go"}, {"start": "00:22:52", "end": "00:22:56", "text": "up. You reach the front of the line of"}, {"start": "00:22:54", "end": "00:22:59", "text": "people who are able to get their own"}, {"start": "00:22:56", "end": "00:23:02", "text": "home."}, {"start": "00:22:59", "end": "00:23:04", "text": "All because, and I say this nicely, all"}, {"start": "00:23:02", "end": "00:23:08", "text": "because you invested."}, {"start": "00:23:04", "end": "00:23:10", "text": "All because you freaking invested in"}, {"start": "00:23:08", "end": "00:23:13", "text": "crypto. I keep saying all the time,"}, {"start": "00:23:10", "end": "00:23:16", "text": "don't forget to invest. It leads to"}, {"start": "00:23:13", "end": "00:23:19", "text": "greater things."}, {"start": "00:23:16", "end": "00:23:21", "text": "By the time we I say it again, by the"}, {"start": "00:23:19", "end": "00:23:23", "text": "time we get to a million-dollar Bitcoin,"}, {"start": "00:23:21", "end": "00:23:25", "text": "I know tons of people who aren't in"}, {"start": "00:23:23", "end": "00:23:27", "text": "crypto are going to be really mad. I"}, {"start": "00:23:25", "end": "00:23:30", "text": "don't know how this news doesn't enter"}, {"start": "00:23:27", "end": "00:23:30", "text": "the public."}, {"start": "00:23:30", "end": "00:23:35", "text": "You are going to Oh, you want to hear"}, {"start": "00:23:33", "end": "00:23:37", "text": "something even crazier? This is last"}, {"start": "00:23:35", "end": "00:23:40", "text": "thought and then we'll move on. So,"}, {"start": "00:23:37", "end": "00:23:44", "text": "Coinbase and Fanny May are currently I"}, {"start": "00:23:40", "end": "00:23:47", "text": "believe I believe starting with Bitcoin"}, {"start": "00:23:44", "end": "00:23:49", "text": "and Tether if I remember correctly and"}, {"start": "00:23:47", "end": "00:23:53", "text": "maybe maybe Circle Coin because it's"}, {"start": "00:23:49", "end": "00:23:55", "text": "created by Coinbase. Okay, awesome."}, {"start": "00:23:53", "end": "00:23:58", "text": "When you're able to"}, {"start": "00:23:55", "end": "00:24:00", "text": "stake, so in the future they will add"}, {"start": "00:23:58", "end": "00:24:02", "text": "Ethereum, they will add XRP, they will"}, {"start": "00:24:00", "end": "00:24:04", "text": "add all the coins that have high market"}, {"start": "00:24:02", "end": "00:24:07", "text": "caps and huge amounts of liquidity."}, {"start": "00:24:04", "end": "00:24:11", "text": "Imagine in the future, and I'm talking"}, {"start": "00:24:07", "end": "00:24:14", "text": "about a good like five years away,"}, {"start": "00:24:11", "end": "00:24:20", "text": "$1.2 million Bitcoin, Ethereum's at"}, {"start": "00:24:14", "end": "00:24:22", "text": "100K, XRP is at $62 per coin."}, {"start": "00:24:20", "end": "00:24:24", "text": "Now, imagine you're staking all of those"}, {"start": "00:24:22", "end": "00:24:26", "text": "coins. And because you're staking them"}, {"start": "00:24:24", "end": "00:24:29", "text": "through Coinbase, Coinbase has a"}, {"start": "00:24:26", "end": "00:24:32", "text": "validated way to see that you are like"}, {"start": "00:24:29", "end": "00:24:34", "text": "actually making money from those coins."}, {"start": "00:24:32", "end": "00:24:36", "text": "In five years, they'll have a button"}, {"start": "00:24:34", "end": "00:24:38", "text": "looking for a mortgage. You'll click"}, {"start": "00:24:36", "end": "00:24:39", "text": "yes. And they go, \"Hey, okay, we're"}, {"start": "00:24:38", "end": "00:24:41", "text": "going to check your crypto holdings to"}, {"start": "00:24:39", "end": "00:24:44", "text": "see, you know, if you have enough for"}, {"start": "00:24:41", "end": "00:24:47", "text": "collateral. We see that the last two"}, {"start": "00:24:44", "end": "00:24:49", "text": "years you've been staking your coins."}, {"start": "00:24:47", "end": "00:24:51", "text": "You you're receiving about a good 2 to"}, {"start": "00:24:49", "end": "00:24:52", "text": "3,000 per month in passive income from"}, {"start": "00:24:51", "end": "00:24:55", "text": "the coins that you're staking through"}, {"start": "00:24:52", "end": "00:24:57", "text": "Coinbase. Would you like to use this to"}, {"start": "00:24:55", "end": "00:25:00", "text": "be able to pay your mortgage every"}, {"start": "00:24:57", "end": "00:25:04", "text": "single month?\" Click yes."}, {"start": "00:25:00", "end": "00:25:07", "text": "You not only not have you you you have a"}, {"start": "00:25:04", "end": "00:25:10", "text": "mortgage for a home as more and more"}, {"start": "00:25:07", "end": "00:25:14", "text": "people get pushed out of home ownership,"}, {"start": "00:25:10", "end": "00:25:19", "text": "you're also your passive income is"}, {"start": "00:25:14", "end": "00:25:19", "text": "literally paying for your mortgage."}, {"start": "00:25:22", "end": "00:25:29", "text": "Anyway,"}, {"start": "00:25:24", "end": "00:25:32", "text": "um this was not everywhere news. a"}, {"start": "00:25:29", "end": "00:25:35", "text": "little disappointed just because I"}, {"start": "00:25:32", "end": "00:25:38", "text": "expect people to understand the actual"}, {"start": "00:25:35", "end": "00:25:42", "text": "uh power of what this all means and"}, {"start": "00:25:38", "end": "00:25:43", "text": "who's going to benefit the most. Um I"}, {"start": "00:25:42", "end": "00:25:46", "text": "applaud"}, {"start": "00:25:43", "end": "00:25:48", "text": "any of you who are in the crypto market"}, {"start": "00:25:46", "end": "00:25:50", "text": "and have especially been here for a"}, {"start": "00:25:48", "end": "00:25:53", "text": "while who continue to dollar cost"}, {"start": "00:25:50", "end": "00:25:55", "text": "average and uh pay attention to all the"}, {"start": "00:25:53", "end": "00:25:57", "text": "insanity that we keep getting every"}, {"start": "00:25:55", "end": "00:26:00", "text": "single day in the United States of"}, {"start": "00:25:57", "end": "00:26:03", "text": "America. You are no longer required to"}, {"start": "00:26:00", "end": "00:26:07", "text": "just use the US dollar"}, {"start": "00:26:03", "end": "00:26:10", "text": "for a mortgage to buy a home."}, {"start": "00:26:07", "end": "00:26:13", "text": "You can now use crypto."}, {"start": "00:26:10", "end": "00:26:15", "text": "And as it opens up to more coins, I"}, {"start": "00:26:13", "end": "00:26:18", "text": "still assume more people won't be paying"}, {"start": "00:26:15", "end": "00:26:20", "text": "attention to it. But um I've had a"}, {"start": "00:26:18", "end": "00:26:22", "text": "theory for a while and it goes a little"}, {"start": "00:26:20", "end": "00:26:24", "text": "something like this. Uh those who invest"}, {"start": "00:26:22", "end": "00:26:26", "text": "will be better off in the future. I know"}, {"start": "00:26:24", "end": "00:26:28", "text": "we I [laughter]"}, {"start": "00:26:26", "end": "00:26:30", "text": "it's still a work in progress. I haven't"}, {"start": "00:26:28", "end": "00:26:32", "text": "really like, you know, smoothed it out"}, {"start": "00:26:30", "end": "00:26:35", "text": "yet. Um, but we're entering a world"}, {"start": "00:26:32", "end": "00:26:36", "text": "where crypto takes over everything,"}, {"start": "00:26:35", "end": "00:26:38", "text": "where because of crypto, you're no"}, {"start": "00:26:36", "end": "00:26:39", "text": "longer going to have to work in the"}, {"start": "00:26:38", "end": "00:26:42", "text": "future, where you're going to be able to"}, {"start": "00:26:39", "end": "00:26:45", "text": "like buy a home"}, {"start": "00:26:42", "end": "00:26:49", "text": "and move into it because of the crypto"}, {"start": "00:26:45", "end": "00:26:50", "text": "that you purchased before."}, {"start": "00:26:49", "end": "00:26:53", "text": "I don't know how many people are"}, {"start": "00:26:50", "end": "00:26:54", "text": "catching on to this, especially as we"}, {"start": "00:26:53", "end": "00:26:57", "text": "keep hearing about countries and"}, {"start": "00:26:54", "end": "00:27:01", "text": "governments and central banks actively"}, {"start": "00:26:57", "end": "00:27:04", "text": "accumulating cryptocurrencies."}, {"start": "00:27:01", "end": "00:27:06", "text": "So, yeah. Yeah. Yeah. Yeah. Yeah. Yeah."}, {"start": "00:27:04", "end": "00:27:09", "text": "Yeah. Yeah. Yeah. Well, I mean, I think"}, {"start": "00:27:06", "end": "00:27:11", "text": "most of my friends, uh, I think they get"}, {"start": "00:27:09", "end": "00:27:13", "text": "it. I think I've done my best in the"}, {"start": "00:27:11", "end": "00:27:15", "text": "last couple of years to try to get them"}, {"start": "00:27:13", "end": "00:27:18", "text": "to understand, but I'm on this never-"}, {"start": "00:27:15", "end": "00:27:21", "text": "ending crusade to try and make people"}, {"start": "00:27:18", "end": "00:27:24", "text": "How don't people get it? Even even from"}, {"start": "00:27:21", "end": "00:27:25", "text": "the first time that we heard Black"}, {"start": "00:27:24", "end": "00:27:29", "text": "Rockck was in this I mean this was like"}, {"start": "00:27:25", "end": "00:27:33", "text": "2018. I was like what what are you"}, {"start": "00:27:29", "end": "00:27:35", "text": "talking about? Confirmation in 2024."}, {"start": "00:27:33", "end": "00:27:39", "text": "You know the amount of and this isn't"}, {"start": "00:27:35", "end": "00:27:42", "text": "judging but it's okay. the amount of"}, {"start": "00:27:39", "end": "00:27:45", "text": "videos when I scroll on YouTube, like"}, {"start": "00:27:42", "end": "00:27:48", "text": "like it shows you random recommendations"}, {"start": "00:27:45", "end": "00:27:52", "text": "about like the best thrift shops to go"}, {"start": "00:27:48", "end": "00:27:55", "text": "to in New York, how to buy Louis"}, {"start": "00:27:52", "end": "00:27:58", "text": "Vuitton, you know, discounted and not at"}, {"start": "00:27:55", "end": "00:28:01", "text": "at full price, like how to get and I'm"}, {"start": "00:27:58", "end": "00:28:04", "text": "like, you people are wasting all of your"}, {"start": "00:28:01", "end": "00:28:07", "text": "money. And and and the odd contrast is"}, {"start": "00:28:04", "end": "00:28:11", "text": "those videos, if I scroll down a little"}, {"start": "00:28:07", "end": "00:28:13", "text": "bit more, those are contrasted by these"}, {"start": "00:28:11", "end": "00:28:17", "text": "other videos of young people, and I say"}, {"start": "00:28:13", "end": "00:28:21", "text": "young in their early 20s, really early"}, {"start": "00:28:17", "end": "00:28:23", "text": "30s being like, I can't afford anything."}, {"start": "00:28:21", "end": "00:28:25", "text": "You know, I'm a h 100,000 in credit card"}, {"start": "00:28:23", "end": "00:28:27", "text": "debt because I wanted to buy a bunch of"}, {"start": "00:28:25", "end": "00:28:29", "text": "cool stuff. I don't know why I'm so in"}, {"start": "00:28:27", "end": "00:28:31", "text": "debt. Why can't I afford anything?"}, {"start": "00:28:29", "end": "00:28:32", "text": "There's a difference between not being"}, {"start": "00:28:31", "end": "00:28:34", "text": "able to afford something because the"}, {"start": "00:28:32", "end": "00:28:36", "text": "cost of living continues going up and"}, {"start": "00:28:34", "end": "00:28:39", "text": "you have no like you're not the"}, {"start": "00:28:36", "end": "00:28:41", "text": "government you like you can't control"}, {"start": "00:28:39", "end": "00:28:44", "text": "inflation etc etc. But there's another"}, {"start": "00:28:41", "end": "00:28:47", "text": "thing to kind of like live your life and"}, {"start": "00:28:44", "end": "00:28:50", "text": "like in your 20s in this really carefree"}, {"start": "00:28:47", "end": "00:28:54", "text": "way where you just your 20s and your 30s"}, {"start": "00:28:50", "end": "00:28:56", "text": "and your 40s and your 50s and your 60s"}, {"start": "00:28:54", "end": "00:28:59", "text": "thinking that like you just won't have"}, {"start": "00:28:56", "end": "00:29:03", "text": "to save money."}, {"start": "00:28:59", "end": "00:29:06", "text": "I I I I I find it very perplexing. So,"}, {"start": "00:29:03", "end": "00:29:08", "text": "um I commend all of you who save, who"}, {"start": "00:29:06", "end": "00:29:11", "text": "invest, who put money away, who think"}, {"start": "00:29:08", "end": "00:29:13", "text": "about the future, uh who, you know, put"}, {"start": "00:29:11", "end": "00:29:15", "text": "money away for your kids or who, you"}, {"start": "00:29:13", "end": "00:29:16", "text": "know, you you open up like another"}, {"start": "00:29:15", "end": "00:29:19", "text": "account just for them so that you're"}, {"start": "00:29:16", "end": "00:29:22", "text": "putting something to the side because"}, {"start": "00:29:19", "end": "00:29:26", "text": "apparently tons of people aren't. I hate"}, {"start": "00:29:22", "end": "00:29:28", "text": "I hate hearing people in these videos"}, {"start": "00:29:26", "end": "00:29:31", "text": "being like,"}, {"start": "00:29:28", "end": "00:29:33", "text": "I know that I messed up like 15 20 years"}, {"start": "00:29:31", "end": "00:29:35", "text": "ago financially, but it's not fair. Why"}, {"start": "00:29:33", "end": "00:29:39", "text": "can't someone take care of me? Why isn't"}, {"start": "00:29:35", "end": "00:29:41", "text": "the government doing something? And it's"}, {"start": "00:29:39", "end": "00:29:44", "text": "and then even then even then this last"}, {"start": "00:29:41", "end": "00:29:47", "text": "thought last thought even then I'm like"}, {"start": "00:29:44", "end": "00:29:49", "text": "well you have the chance now"}, {"start": "00:29:47", "end": "00:29:52", "text": "like person sitting in the car making"}, {"start": "00:29:49", "end": "00:29:56", "text": "this video you're you're you're 43"}, {"start": "00:29:52", "end": "00:29:57", "text": "you're not 67."}, {"start": "00:29:56", "end": "00:29:59", "text": "You still have time but that never comes"}, {"start": "00:29:57", "end": "00:30:01", "text": "up in the discussion. It's never like"}, {"start": "00:29:59", "end": "00:30:03", "text": "well I messed up before. Let me start"}, {"start": "00:30:01", "end": "00:30:05", "text": "saving and selling things that I don't"}, {"start": "00:30:03", "end": "00:30:08", "text": "need now. It's always just kind of like"}, {"start": "00:30:05", "end": "00:30:10", "text": "how do I how do I get ahead?"}, {"start": "00:30:08", "end": "00:30:12", "text": "Well, you sell all the garbage that you"}, {"start": "00:30:10", "end": "00:30:15", "text": "have. You must have seen some of these"}, {"start": "00:30:12", "end": "00:30:17", "text": "videos. Even like these these TV shows,"}, {"start": "00:30:15", "end": "00:30:18", "text": "not hoarders, but there are certain TV"}, {"start": "00:30:17", "end": "00:30:21", "text": "shows where they show people who like"}, {"start": "00:30:18", "end": "00:30:22", "text": "are in debt. So, they're all on YouTube"}, {"start": "00:30:21", "end": "00:30:24", "text": "now. They show people who are in debt,"}, {"start": "00:30:22", "end": "00:30:26", "text": "but they have like shopping addictions"}, {"start": "00:30:24", "end": "00:30:27", "text": "or like something similar to that. They"}, {"start": "00:30:26", "end": "00:30:30", "text": "they keep buying stuff. [snorts] And"}, {"start": "00:30:27", "end": "00:30:31", "text": "then the person on the show, they"}, {"start": "00:30:30", "end": "00:30:33", "text": "present them like with the numbers and"}, {"start": "00:30:31", "end": "00:30:34", "text": "they're like, \"You got to stop. you have"}, {"start": "00:30:33", "end": "00:30:37", "text": "all this stuff in your and I mean the"}, {"start": "00:30:34", "end": "00:30:39", "text": "closets are full. They they they use"}, {"start": "00:30:37", "end": "00:30:41", "text": "another bedroom that they have as like a"}, {"start": "00:30:39", "end": "00:30:43", "text": "whole another closet and the person's"}, {"start": "00:30:41", "end": "00:30:46", "text": "like if you just sell these shoes and"}, {"start": "00:30:43", "end": "00:30:48", "text": "these bags and these hats and the extra"}, {"start": "00:30:46", "end": "00:30:50", "text": "car like you will be fine. We can put"}, {"start": "00:30:48", "end": "00:30:51", "text": "you on a savings plan and then sometimes"}, {"start": "00:30:50", "end": "00:30:53", "text": "by the end the person's like I don't"}, {"start": "00:30:51", "end": "00:30:55", "text": "want to do that."}, {"start": "00:30:53", "end": "00:30:57", "text": "I have I have no I have no desire to"}, {"start": "00:30:55", "end": "00:30:59", "text": "like what are you talking about? But"}, {"start": "00:30:57", "end": "00:31:02", "text": "like what do you mean I can't I can't"}, {"start": "00:30:59", "end": "00:31:02", "text": "buy more stuff?"}, {"start": "00:31:03", "end": "00:31:09", "text": "So uh always remember how early you are"}, {"start": "00:31:06", "end": "00:31:12", "text": "in the market and how lucky you are to"}, {"start": "00:31:09", "end": "00:31:16", "text": "have this opportunity uh laned before"}, {"start": "00:31:12", "end": "00:31:19", "text": "you. I do sincerely hope that you're all"}, {"start": "00:31:16", "end": "00:31:22", "text": "doing well. I do sincerely hope that"}, {"start": "00:31:19", "end": "00:31:25", "text": "you're all having a great day. More I"}, {"start": "00:31:22", "end": "00:31:28", "text": "almost said mortgage. I'm not even"}, {"start": "00:31:25", "end": "00:31:29", "text": "joking. Uh great day, great morning,"}, {"start": "00:31:28", "end": "00:31:31", "text": "great afternoon, great evening wherever"}, {"start": "00:31:29", "end": "00:31:33", "text": "you are, wherever you might be. I do"}, {"start": "00:31:31", "end": "00:31:36", "text": "hope is absolutely fantastic. Thank you"}, {"start": "00:31:33", "end": "00:31:39", "text": "all once again for watching, listening,"}, {"start": "00:31:36", "end": "00:31:43", "text": "liking, commenting, and supporting. And"}, {"start": "00:31:39", "end": "00:31:47", "text": "I will most certainly be talking to you"}, {"start": "00:31:43", "end": "00:31:47", "text": "all soon."}, {"start": "00:31:47", "end": "00:31:50", "text": "See you."}]

[{"start": "00:00:02", "end": "00:00:09", "text": "Hello everybody."}, {"start": "00:00:05", "end": "00:00:12", "text": "Welcome back for another video."}, {"start": "00:00:09", "end": "00:00:16", "text": "Hope you're all doing well. Hope you're"}, {"start": "00:00:12", "end": "00:00:19", "text": "all having a great day. Welcome back."}, {"start": "00:00:16", "end": "00:00:23", "text": "Very big thank you to Finley Bass,"}, {"start": "00:00:19", "end": "00:00:26", "text": "Gilboa Snake, Trent Jackson, Gypsy"}, {"start": "00:00:23", "end": "00:00:32", "text": "Queen, Alexander the Greek, Lyall"}, {"start": "00:00:26", "end": "00:00:34", "text": "Austin, FT Clown, and Livio C. Very big"}, {"start": "00:00:32", "end": "00:00:36", "text": "thank you to my Patreon supporters. For"}, {"start": "00:00:34", "end": "00:00:38", "text": "those of you looking to support the"}, {"start": "00:00:36", "end": "00:00:39", "text": "channel, there are links in the"}, {"start": "00:00:38", "end": "00:00:41", "text": "description"}, {"start": "00:00:39", "end": "00:00:44", "text": "below. Why did I take a breath like"}, {"start": "00:00:41", "end": "00:00:46", "text": "that? Below."}, {"start": "00:00:44", "end": "00:00:49", "text": "My nose is a bit stuffed, so I I I kind"}, {"start": "00:00:46", "end": "00:00:52", "text": "of have an excuse, but not really. Uh,"}, {"start": "00:00:49", "end": "00:00:56", "text": "without any further ado, uh, let's jump"}, {"start": "00:00:52", "end": "00:00:59", "text": "right into it. Welcome back to another,"}, {"start": "00:00:56", "end": "00:01:02", "text": "uh, what the fudge is about to happen to"}, {"start": "00:00:59", "end": "00:01:06", "text": "the cryptocurrency market. The last few"}, {"start": "00:01:02", "end": "00:01:08", "text": "days, the news has been So, wait, so the"}, {"start": "00:01:06", "end": "00:01:13", "text": "news is good. Let me throw that out"}, {"start": "00:01:08", "end": "00:01:14", "text": "there. But it's also been like intensely"}, {"start": "00:01:13", "end": "00:01:19", "text": "good."}, {"start": "00:01:14", "end": "00:01:27", "text": "question mark. Uh fears right now are"}, {"start": "00:01:19", "end": "00:01:30", "text": "that uh the US debt levels are so terra"}, {"start": "00:01:27", "end": "00:01:33", "text": "that they're going to potentially force"}, {"start": "00:01:30", "end": "00:01:37", "text": "the Federal Reserve to actually raise"}, {"start": "00:01:33", "end": "00:01:41", "text": "interest rates. Um that is then also"}, {"start": "00:01:37", "end": "00:01:42", "text": "causing a lot of shock in world markets."}, {"start": "00:01:41", "end": "00:01:46", "text": "Uh"}, {"start": "00:01:42", "end": "00:01:50", "text": "inflation also uh isn't isn't helping"}, {"start": "00:01:46", "end": "00:01:52", "text": "there. Uh the Japanese economy is also"}, {"start": "00:01:50", "end": "00:01:57", "text": "weighing down on the world because the"}, {"start": "00:01:52", "end": "00:02:01", "text": "free money isn't there anymore. Um, if"}, {"start": "00:01:57", "end": "00:02:06", "text": "the Fed raises interest rates, it it is"}, {"start": "00:02:01", "end": "00:02:09", "text": "expected to cause a lot of fear in the"}, {"start": "00:02:06", "end": "00:02:10", "text": "stock market for potential other future"}, {"start": "00:02:09", "end": "00:02:13", "text": "raises"}, {"start": "00:02:10", "end": "00:02:16", "text": "because the news that we're getting, and"}, {"start": "00:02:13", "end": "00:02:21", "text": "this is no longer really speculation,"}, {"start": "00:02:16", "end": "00:02:23", "text": "this is like real life elation. Um,"}, {"start": "00:02:21", "end": "00:02:26", "text": "inflation's going to continue to be"}, {"start": "00:02:23", "end": "00:02:29", "text": "really bad. And the only tool that"}, {"start": "00:02:26", "end": "00:02:33", "text": "governments and the Federal Reserve have"}, {"start": "00:02:29", "end": "00:02:36", "text": "on their side is uh raising interest"}, {"start": "00:02:33", "end": "00:02:41", "text": "rates to try and cool inflation, which"}, {"start": "00:02:36", "end": "00:02:46", "text": "uh doesn't always work and has led to"}, {"start": "00:02:41", "end": "00:02:49", "text": "uh rough times uh before in the past."}, {"start": "00:02:46", "end": "00:02:52", "text": "However, in"}, {"start": "00:02:49", "end": "00:02:56", "text": "uh we are"}, {"start": "00:02:52", "end": "00:02:59", "text": "different news, the crypto market is"}, {"start": "00:02:56", "end": "00:03:02", "text": "still expecting higher prices across the"}, {"start": "00:02:59", "end": "00:03:04", "text": "board. Uh we're getting a lot of"}, {"start": "00:03:02", "end": "00:03:07", "text": "institutional buying news the last"}, {"start": "00:03:04", "end": "00:03:11", "text": "couple of days. A lot of uh I I I think"}, {"start": "00:03:07", "end": "00:03:15", "text": "it was like 3.6 billion"}, {"start": "00:03:11", "end": "00:03:19", "text": "3.6 6 billion worth of inflows just into"}, {"start": "00:03:15", "end": "00:03:21", "text": "like the Bitcoin ETF"}, {"start": "00:03:19", "end": "00:03:23", "text": "sector which is which is a lot of"}, {"start": "00:03:21", "end": "00:03:24", "text": "monies. I don't know if you if you"}, {"start": "00:03:23", "end": "00:03:27", "text": "realize that because I think it happened"}, {"start": "00:03:24", "end": "00:03:32", "text": "within like four or five days. Uh so"}, {"start": "00:03:27", "end": "00:03:34", "text": "there is some kind of a capital rotation"}, {"start": "00:03:32", "end": "00:03:36", "text": "that's taking place. uh we hear big"}, {"start": "00:03:34", "end": "00:03:38", "text": "numbers but we don't know the full"}, {"start": "00:03:36", "end": "00:03:42", "text": "extent because a lot of times we are"}, {"start": "00:03:38", "end": "00:03:45", "text": "hearing the money that has gone in into"}, {"start": "00:03:42", "end": "00:03:47", "text": "uh ETFs and we're also sometimes hearing"}, {"start": "00:03:45", "end": "00:03:48", "text": "the amount of money that has left"}, {"start": "00:03:47", "end": "00:03:50", "text": "cryptocurrency"}, {"start": "00:03:48", "end": "00:03:52", "text": "exchanges. Uh so we're not even getting"}, {"start": "00:03:50", "end": "00:03:55", "text": "like the full like buy orders that are"}, {"start": "00:03:52", "end": "00:03:58", "text": "happening over the place of a day,"}, {"start": "00:03:55", "end": "00:04:02", "text": "hours, multiple weeks for a lot of these"}, {"start": "00:03:58", "end": "00:04:05", "text": "coins. However, it would appear in"}, {"start": "00:04:02", "end": "00:04:09", "text": "typical fashion that uh while we hear of"}, {"start": "00:04:05", "end": "00:04:12", "text": "this economic chaos, uh these companies"}, {"start": "00:04:09", "end": "00:04:15", "text": "are not waiting. They're trying to get"}, {"start": "00:04:12", "end": "00:04:18", "text": "all the crypto that they want right now."}, {"start": "00:04:15", "end": "00:04:22", "text": "Uh because, you know, you can't really"}, {"start": "00:04:18", "end": "00:04:24", "text": "accumulate uh 210,000"}, {"start": "00:04:22", "end": "00:04:26", "text": "Bitcoin if the price goes higher. You"}, {"start": "00:04:24", "end": "00:04:29", "text": "know, it gets a lot"}, {"start": "00:04:26", "end": "00:04:30", "text": "gets a lot more expensive. In the news"}, {"start": "00:04:29", "end": "00:04:35", "text": "today,"}, {"start": "00:04:30", "end": "00:04:41", "text": "Bitine is of course back. Is anyone"}, {"start": "00:04:35", "end": "00:04:45", "text": "surprised? No. Bit mine adds 28,86"}, {"start": "00:04:41", "end": "00:04:48", "text": "Ethereum as their Ethereum treasury hits"}, {"start": "00:04:45", "end": "00:04:51", "text": "14.8"}, {"start": "00:04:48", "end": "00:04:55", "text": "billion US."}, {"start": "00:04:51", "end": "00:04:56", "text": "Bitmine now controls about 5.93 million"}, {"start": "00:04:55", "end": "00:05:00", "text": "Ethereum,"}, {"start": "00:04:56", "end": "00:05:02", "text": "worth about 14.8 billion,"}, {"start": "00:05:00", "end": "00:05:04", "text": "putting it within, please just get there"}, {"start": "00:05:02", "end": "00:05:07", "text": "for for the love of goodness, putting it"}, {"start": "00:05:04", "end": "00:05:10", "text": "within touching distance of its 5%"}, {"start": "00:05:07", "end": "00:05:13", "text": "Ethereum supply goal."}, {"start": "00:05:10", "end": "00:05:15", "text": "With most of that position staked, the"}, {"start": "00:05:13", "end": "00:05:17", "text": "company is turning its balance sheet"}, {"start": "00:05:15", "end": "00:05:20", "text": "into one of the biggest single bets on"}, {"start": "00:05:17", "end": "00:05:24", "text": "Ethereum anywhere in public markets. Tom"}, {"start": "00:05:20", "end": "00:05:26", "text": "Lee is one of the founders, runners of"}, {"start": "00:05:24", "end": "00:05:28", "text": "this company."}, {"start": "00:05:26", "end": "00:05:31", "text": "He"}, {"start": "00:05:28", "end": "00:05:35", "text": "is expecting along with many others, he"}, {"start": "00:05:31", "end": "00:05:39", "text": "is not alone. He's expecting a $6,000"}, {"start": "00:05:35", "end": "00:05:44", "text": "Ethereum sometime in December. Not"}, {"start": "00:05:39", "end": "00:05:46", "text": "December 2027, December 2026."}, {"start": "00:05:44", "end": "00:05:49", "text": "Does that year sound weird to anyone"}, {"start": "00:05:46", "end": "00:05:50", "text": "else? Every time I I think of the year"}, {"start": "00:05:49", "end": "00:05:52", "text": "2026,"}, {"start": "00:05:50", "end": "00:05:55", "text": "my mind is like, \"Wow, that's so far"}, {"start": "00:05:52", "end": "00:05:59", "text": "away.\" Re maybe I'm just I'm maybe I'm"}, {"start": "00:05:55", "end": "00:06:02", "text": "losing it. The last few months, my brain"}, {"start": "00:05:59", "end": "00:06:05", "text": "is kind of stuck on like 2014, 2015,"}, {"start": "00:06:02", "end": "00:06:08", "text": "2016. So when I think about the year"}, {"start": "00:06:05", "end": "00:06:11", "text": "2027, I'm like"}, {"start": "00:06:08", "end": "00:06:13", "text": "13 years away like that. Like what, you"}, {"start": "00:06:11", "end": "00:06:15", "text": "know, will we have flying cars? And I'm"}, {"start": "00:06:13", "end": "00:06:16", "text": "like, \"Oh, that's"}, {"start": "00:06:15", "end": "00:06:18", "text": "it's like a couple weeks away at this"}, {"start": "00:06:16", "end": "00:06:22", "text": "point.\" This year went really fast. This"}, {"start": "00:06:18", "end": "00:06:26", "text": "year went really insanely fast. Anyway,"}, {"start": "00:06:22", "end": "00:06:28", "text": "um so besides the 2027 price predictions"}, {"start": "00:06:26", "end": "00:06:31", "text": "as well, which are also hovering over"}, {"start": "00:06:28", "end": "00:06:34", "text": "us, um these companies, as you might"}, {"start": "00:06:31", "end": "00:06:36", "text": "have imagined, if you're expecting a"}, {"start": "00:06:34", "end": "00:06:39", "text": "22,000"}, {"start": "00:06:36", "end": "00:06:41", "text": "28,000 Ethereum, you're going to try and"}, {"start": "00:06:39", "end": "00:06:44", "text": "buy as much as humanly possible. They"}, {"start": "00:06:41", "end": "00:06:46", "text": "made headlines last year by announcing"}, {"start": "00:06:44", "end": "00:06:50", "text": "that they wanted 5%"}, {"start": "00:06:46", "end": "00:06:53", "text": "of all Ethereum that there is. They're"}, {"start": "00:06:50", "end": "00:06:55", "text": "and and they're like slow they're slowly"}, {"start": "00:06:53", "end": "00:06:57", "text": "getting there and it's so frustrating."}, {"start": "00:06:55", "end": "00:07:01", "text": "Like the other day we had news that they"}, {"start": "00:06:57", "end": "00:07:03", "text": "were it was like 4.6%."}, {"start": "00:07:01", "end": "00:07:08", "text": "4.71%."}, {"start": "00:07:03", "end": "00:07:10", "text": "4.8 4.83 4 And it's like can you I know"}, {"start": "00:07:08", "end": "00:07:12", "text": "you have the money. I know you have the"}, {"start": "00:07:10", "end": "00:07:14", "text": "freaking money. Can you please just go"}, {"start": "00:07:12", "end": "00:07:16", "text": "over 5% at this point? So hopefully in"}, {"start": "00:07:14", "end": "00:07:18", "text": "the next couple days they do it and then"}, {"start": "00:07:16", "end": "00:07:22", "text": "maybe we won't have to hear about Bit"}, {"start": "00:07:18", "end": "00:07:24", "text": "Mind as much anymore. But we all know"}, {"start": "00:07:22", "end": "00:07:27", "text": "we listen, we all know they're going to"}, {"start": "00:07:24", "end": "00:07:28", "text": "continue buying even after the 5%. You"}, {"start": "00:07:27", "end": "00:07:33", "text": "don't"}, {"start": "00:07:28", "end": "00:07:36", "text": "one does not leave money on the table."}, {"start": "00:07:33", "end": "00:07:37", "text": "If you if you figure out that every"}, {"start": "00:07:36", "end": "00:07:39", "text": "single"}, {"start": "00:07:37", "end": "00:07:41", "text": "$2,000"}, {"start": "00:07:39", "end": "00:07:45", "text": "$2,000"}, {"start": "00:07:41", "end": "00:07:48", "text": "that you spend in the eyes of Bitine"}, {"start": "00:07:45", "end": "00:07:51", "text": "would do a 50x."}, {"start": "00:07:48", "end": "00:07:53", "text": "Yeah. They're expecting a $100,000"}, {"start": "00:07:51", "end": "00:07:55", "text": "Ethereum"}, {"start": "00:07:53", "end": "00:07:56", "text": "by 2030."}, {"start": "00:07:55", "end": "00:07:59", "text": "I'm going to tell you this right now."}, {"start": "00:07:56", "end": "00:08:01", "text": "This is how I function."}, {"start": "00:07:59", "end": "00:08:03", "text": "If someone tells me that I can make a"}, {"start": "00:08:01", "end": "00:08:06", "text": "huge amount of money for in this case"}, {"start": "00:08:03", "end": "00:08:09", "text": "very little effort, I'm not going to"}, {"start": "00:08:06", "end": "00:08:12", "text": "back down. There there's almost no"}, {"start": "00:08:09", "end": "00:08:14", "text": "chance that I would go, hm, well, let's"}, {"start": "00:08:12", "end": "00:08:17", "text": "see what happens in 2030. If Ethereum"}, {"start": "00:08:14", "end": "00:08:23", "text": "goes from 2000 something or other to"}, {"start": "00:08:17", "end": "00:08:23", "text": "100K by 2030, that that is a 50x."}, {"start": "00:08:25", "end": "00:08:31", "text": "There's there aren't many assets on this"}, {"start": "00:08:28", "end": "00:08:34", "text": "planet that can make you that much money"}, {"start": "00:08:31", "end": "00:08:37", "text": "in such a short period of time."}, {"start": "00:08:34", "end": "00:08:39", "text": "So, I just assume that this company is"}, {"start": "00:08:37", "end": "00:08:42", "text": "going to continue throwing money at"}, {"start": "00:08:39", "end": "00:08:44", "text": "Ethereum and and also helping to push"}, {"start": "00:08:42", "end": "00:08:46", "text": "its its price a lot higher. I told you"}, {"start": "00:08:44", "end": "00:08:47", "text": "about that thing years ago. I forgot"}, {"start": "00:08:46", "end": "00:08:51", "text": "even what it was. I have like a vague"}, {"start": "00:08:47", "end": "00:08:53", "text": "memory of it. There was this story like"}, {"start": "00:08:51", "end": "00:08:56", "text": "news news stories always do like these"}, {"start": "00:08:53", "end": "00:08:58", "text": "kind of weird exposees on like people"}, {"start": "00:08:56", "end": "00:09:00", "text": "who we are supposed to think are like"}, {"start": "00:08:58", "end": "00:09:03", "text": "geniuses but like it's just kind of"}, {"start": "00:09:00", "end": "00:09:04", "text": "logic. There was that one kid this was"}, {"start": "00:09:03", "end": "00:09:08", "text": "it must have been over it might have"}, {"start": "00:09:04", "end": "00:09:10", "text": "been 2014. Uh there was some kid his"}, {"start": "00:09:08", "end": "00:09:12", "text": "mother had like raised him properly like"}, {"start": "00:09:10", "end": "00:09:14", "text": "she taught him about math and about"}, {"start": "00:09:12", "end": "00:09:17", "text": "money and about saving. So, at some"}, {"start": "00:09:14", "end": "00:09:19", "text": "point by the time he was like 14 or 15,"}, {"start": "00:09:17", "end": "00:09:21", "text": "he didn't want like toys. He didn't want"}, {"start": "00:09:19", "end": "00:09:23", "text": "so- and so. He was just buying like"}, {"start": "00:09:21", "end": "00:09:25", "text": "stock like like like whatever company he"}, {"start": "00:09:23", "end": "00:09:27", "text": "liked, he was just buying stock. And the"}, {"start": "00:09:25", "end": "00:09:29", "text": "news expose was like look at how smart"}, {"start": "00:09:27", "end": "00:09:31", "text": "this kid is. And he was like, \"No, like"}, {"start": "00:09:29", "end": "00:09:34", "text": "someone taught him the value of"}, {"start": "00:09:31", "end": "00:09:35", "text": "investing and like he was just simply"}, {"start": "00:09:34", "end": "00:09:37", "text": "doing it.\" Anyway, there was another"}, {"start": "00:09:35", "end": "00:09:39", "text": "like news expose years ago where they"}, {"start": "00:09:37", "end": "00:09:42", "text": "were following he was talking about the"}, {"start": "00:09:39", "end": "00:09:44", "text": "actual money like that you put into a"}, {"start": "00:09:42", "end": "00:09:46", "text": "market and he was saying he's like"}, {"start": "00:09:44", "end": "00:09:50", "text": "according to my research he's like every"}, {"start": "00:09:46", "end": "00:09:52", "text": "$1 that you put into the stock market"}, {"start": "00:09:50", "end": "00:09:54", "text": "over the course of a I think it was like"}, {"start": "00:09:52", "end": "00:09:56", "text": "a fiveyear period I forgot the it's very"}, {"start": "00:09:54", "end": "00:09:59", "text": "vague in my head over the course of a"}, {"start": "00:09:56", "end": "00:10:01", "text": "fiveyear period becomes like $7. So he's"}, {"start": "00:09:59", "end": "00:10:04", "text": "like, I sit there and think sometimes"}, {"start": "00:10:01", "end": "00:10:07", "text": "like, do I want to buy that candy bar?"}, {"start": "00:10:04", "end": "00:10:08", "text": "Do I need that car? Do I want to buy"}, {"start": "00:10:07", "end": "00:10:09", "text": "this thing? Cuz like he was talking"}, {"start": "00:10:08", "end": "00:10:11", "text": "about the stuff that his friends buy"}, {"start": "00:10:09", "end": "00:10:14", "text": "that they he knows that they won't need"}, {"start": "00:10:11", "end": "00:10:17", "text": "or want in the next couple of years."}, {"start": "00:10:14", "end": "00:10:22", "text": "He's like, if every 1 equals 7, every 10"}, {"start": "00:10:17", "end": "00:10:23", "text": "equals 70, every 100 equals 700. No."}, {"start": "00:10:22", "end": "00:10:26", "text": "Yes. Yes. Yes. Yes. Yes. My was like"}, {"start": "00:10:23", "end": "00:10:27", "text": "what? 9,000."}, {"start": "00:10:26", "end": "00:10:30", "text": "uh he was talking about like how much"}, {"start": "00:10:27", "end": "00:10:31", "text": "extra money he'd have in the future just"}, {"start": "00:10:30", "end": "00:10:33", "text": "by investing over the short period of"}, {"start": "00:10:31", "end": "00:10:35", "text": "time and then he extrapolated he's like"}, {"start": "00:10:33", "end": "00:10:37", "text": "over the course of 20 years I'll have x"}, {"start": "00:10:35", "end": "00:10:40", "text": "amount of money and the the news person"}, {"start": "00:10:37", "end": "00:10:42", "text": "was like"}, {"start": "00:10:40", "end": "00:10:45", "text": "they were like oh my gosh did you go to"}, {"start": "00:10:42", "end": "00:10:47", "text": "college and he was like yeah but this is"}, {"start": "00:10:45", "end": "00:10:49", "text": "this is also just basic math just by"}, {"start": "00:10:47", "end": "00:10:52", "text": "looking at the stock market I think of"}, {"start": "00:10:49", "end": "00:10:56", "text": "these things a lot anyway that was that"}, {"start": "00:10:52", "end": "00:10:59", "text": "was the point to be made was the 2,000"}, {"start": "00:10:56", "end": "00:11:01", "text": "into 100K."}, {"start": "00:10:59", "end": "00:11:05", "text": "That would, you know, how crazy that is?"}, {"start": "00:11:01", "end": "00:11:08", "text": "That would essentially mean 6,000"}, {"start": "00:11:05", "end": "00:11:11", "text": "would become 300K."}, {"start": "00:11:08", "end": "00:11:14", "text": "300K depending on where you live and"}, {"start": "00:11:11", "end": "00:11:17", "text": "where you look, is enough to like buy"}, {"start": "00:11:14", "end": "00:11:19", "text": "property outright,"}, {"start": "00:11:17", "end": "00:11:23", "text": "like completely like no mortgage. Like"}, {"start": "00:11:19", "end": "00:11:25", "text": "that property is is mine."}, {"start": "00:11:23", "end": "00:11:26", "text": "I this is all so fascinating to me"}, {"start": "00:11:25", "end": "00:11:30", "text": "because I I keep saying like what if we"}, {"start": "00:11:26", "end": "00:11:33", "text": "get to those prices? I don't not think"}, {"start": "00:11:30", "end": "00:11:35", "text": "yes double negative that Ethereum is"}, {"start": "00:11:33", "end": "00:11:38", "text": "going to get to 100K but of course I sit"}, {"start": "00:11:35", "end": "00:11:41", "text": "here sometimes and I'm like by 2030 you"}, {"start": "00:11:38", "end": "00:11:44", "text": "know I I love the idea but then I'm like"}, {"start": "00:11:41", "end": "00:11:46", "text": "what if it does happen?"}, {"start": "00:11:44", "end": "00:11:48", "text": "That's part of the devastation that I'm"}, {"start": "00:11:46", "end": "00:11:50", "text": "always talking about."}, {"start": "00:11:48", "end": "00:11:54", "text": "I think the public is going to lose it."}, {"start": "00:11:50", "end": "00:11:57", "text": "And I mean like not in a so good way."}, {"start": "00:11:54", "end": "00:11:59", "text": "You know how you've sat the reason why"}, {"start": "00:11:57", "end": "00:12:02", "text": "you're in crypto right now is because"}, {"start": "00:11:59", "end": "00:12:05", "text": "you understand it. Yes. But at some"}, {"start": "00:12:02", "end": "00:12:08", "text": "point you also sat there and you were"}, {"start": "00:12:05", "end": "00:12:11", "text": "like if I had put a dollar into Bitcoin"}, {"start": "00:12:08", "end": "00:12:14", "text": "in 2010, you'd have several million"}, {"start": "00:12:11", "end": "00:12:16", "text": "dollars right now.$1."}, {"start": "00:12:14", "end": "00:12:20", "text": "A lot of you the wave might have caught"}, {"start": "00:12:16", "end": "00:12:23", "text": "you in 2016 2017 because back then if"}, {"start": "00:12:20", "end": "00:12:25", "text": "you had put a thousand"}, {"start": "00:12:23", "end": "00:12:30", "text": "if I remember correctly if you had put"}, {"start": "00:12:25", "end": "00:12:32", "text": "$1,000 into XRP in 2016 by 20 by the end"}, {"start": "00:12:30", "end": "00:12:35", "text": "of 2017 I think it would have been like"}, {"start": "00:12:32", "end": "00:12:38", "text": "$30 something thousand."}, {"start": "00:12:35", "end": "00:12:41", "text": "That's a That is a staggering amount of"}, {"start": "00:12:38", "end": "00:12:46", "text": "money. That equates"}, {"start": "00:12:41", "end": "00:12:46", "text": "to if you had put $3500"}, {"start": "00:12:47", "end": "00:12:54", "text": "$3500 into XRP in 2016, you would have"}, {"start": "00:12:51", "end": "00:12:59", "text": "had a million dollars in 2017. So, it's"}, {"start": "00:12:54", "end": "00:13:03", "text": "not it's not undoable in crypto."}, {"start": "00:12:59", "end": "00:13:05", "text": "But what that does to the mind for for"}, {"start": "00:13:03", "end": "00:13:07", "text": "crypto investors like it lets you know"}, {"start": "00:13:05", "end": "00:13:09", "text": "cool it's possible that's why you dollar"}, {"start": "00:13:07", "end": "00:13:12", "text": "cost average that's why you buy crypto"}, {"start": "00:13:09", "end": "00:13:15", "text": "for you I'm talking like directly to you"}, {"start": "00:13:12", "end": "00:13:18", "text": "but people outside the market they're"}, {"start": "00:13:15", "end": "00:13:19", "text": "not here for all of this is why a lot of"}, {"start": "00:13:18", "end": "00:13:22", "text": "times when when the crypto market goes"}, {"start": "00:13:19", "end": "00:13:25", "text": "up these people think that you made"}, {"start": "00:13:22", "end": "00:13:27", "text": "money instantaneously well how do I also"}, {"start": "00:13:25", "end": "00:13:29", "text": "make a million dollars in a day you're"}, {"start": "00:13:27", "end": "00:13:30", "text": "like dude it wasn't like it was a"}, {"start": "00:13:29", "end": "00:13:32", "text": "struggle like it took a long time. It"}, {"start": "00:13:30", "end": "00:13:36", "text": "took a lot of patience."}, {"start": "00:13:32", "end": "00:13:40", "text": "I think when inflation continues going"}, {"start": "00:13:36", "end": "00:13:42", "text": "up, when we get to an $11 milk, when"}, {"start": "00:13:40", "end": "00:13:46", "text": "bread is actually like $9.99 and you're"}, {"start": "00:13:42", "end": "00:13:48", "text": "like, what is happening,"}, {"start": "00:13:46", "end": "00:13:51", "text": "I think it's going to hit the public in"}, {"start": "00:13:48", "end": "00:13:54", "text": "a very dramatic way when they realize"}, {"start": "00:13:51", "end": "00:13:58", "text": "those numbers as well. Imagine it's the"}, {"start": "00:13:54", "end": "00:13:59", "text": "year. So imagine it's 2030 and you're"}, {"start": "00:13:58", "end": "00:14:01", "text": "sitting down with a couple of friends"}, {"start": "00:13:59", "end": "00:14:03", "text": "and you hear them talking about how"}, {"start": "00:14:01", "end": "00:14:04", "text": "expensive everything has gotten. It's"}, {"start": "00:14:03", "end": "00:14:07", "text": "also expensive for you because you live"}, {"start": "00:14:04", "end": "00:14:10", "text": "in the world, but it's not affecting you"}, {"start": "00:14:07", "end": "00:14:13", "text": "as much because you made money from the"}, {"start": "00:14:10", "end": "00:14:15", "text": "crypto market. Stay with me here."}, {"start": "00:14:13", "end": "00:14:17", "text": "Imagine telling your friend, looking"}, {"start": "00:14:15", "end": "00:14:21", "text": "them dead in their eyeball, and being"}, {"start": "00:14:17", "end": "00:14:24", "text": "like, \"Yeah, bro. Remember 2026?"}, {"start": "00:14:21", "end": "00:14:27", "text": "If you had put $2,000"}, {"start": "00:14:24", "end": "00:14:29", "text": "into Ethereum, you would have a h 100k"}, {"start": "00:14:27", "end": "00:14:30", "text": "right now,"}, {"start": "00:14:29", "end": "00:14:34", "text": "that's going to cause some of their"}, {"start": "00:14:30", "end": "00:14:36", "text": "neurons to like begin to melt in place."}, {"start": "00:14:34", "end": "00:14:38", "text": "If you tell the average person like that"}, {"start": "00:14:36", "end": "00:14:42", "text": "they could make like big money like"}, {"start": "00:14:38", "end": "00:14:43", "text": "that, I not it's it's not pessimism"}, {"start": "00:14:42", "end": "00:14:47", "text": "because I I tend to look at the world in"}, {"start": "00:14:43", "end": "00:14:48", "text": "like very rosecolored glassesy way. I"}, {"start": "00:14:47", "end": "00:14:51", "text": "think a lot of people are going to be"}, {"start": "00:14:48", "end": "00:14:54", "text": "really upset and it's not and I say this"}, {"start": "00:14:51", "end": "00:14:58", "text": "in the nicest way possible. The issue is"}, {"start": "00:14:54", "end": "00:15:00", "text": "is that just about just about everyone"}, {"start": "00:14:58", "end": "00:15:02", "text": "has access to crypto. It's not really"}, {"start": "00:15:00", "end": "00:15:05", "text": "restricted. You can kind of go to any"}, {"start": "00:15:02", "end": "00:15:07", "text": "website, any crypto ATM and and buy"}, {"start": "00:15:05", "end": "00:15:09", "text": "crypto. It's the people who like want to"}, {"start": "00:15:07", "end": "00:15:10", "text": "miss out. It's the people who were"}, {"start": "00:15:09", "end": "00:15:13", "text": "waiting for crypto to fall so that they"}, {"start": "00:15:10", "end": "00:15:14", "text": "can go, \"Well, told you so.\" And then"}, {"start": "00:15:13", "end": "00:15:15", "text": "when it doesn't do that, they get upset"}, {"start": "00:15:14", "end": "00:15:17", "text": "with themselves that they didn't get"}, {"start": "00:15:15", "end": "00:15:19", "text": "into the market. And then they also get"}, {"start": "00:15:17", "end": "00:15:22", "text": "frustrated with you that you made so"}, {"start": "00:15:19", "end": "00:15:24", "text": "much money."}, {"start": "00:15:22", "end": "00:15:26", "text": "Imagine if"}, {"start": "00:15:24", "end": "00:15:28", "text": "$67,000"}, {"start": "00:15:26", "end": "00:15:31", "text": "equates into 300K in the next three"}, {"start": "00:15:28", "end": "00:15:31", "text": "years."}, {"start": "00:15:32", "end": "00:15:37", "text": "Like really like that's for those of you"}, {"start": "00:15:35", "end": "00:15:40", "text": "who who aren't even aware, 300K is"}, {"start": "00:15:37", "end": "00:15:43", "text": "life-changing money. 300k is like if you"}, {"start": "00:15:40", "end": "00:15:46", "text": "especially live below your means, you"}, {"start": "00:15:43", "end": "00:15:48", "text": "can buy like a nice sized apartment,"}, {"start": "00:15:46", "end": "00:15:50", "text": "nicesized house if you like leave"}, {"start": "00:15:48", "end": "00:15:53", "text": "outside the city, that's enough to like"}, {"start": "00:15:50", "end": "00:15:58", "text": "have like extra money to like sit on and"}, {"start": "00:15:53", "end": "00:16:00", "text": "also still like perpetually invest."}, {"start": "00:15:58", "end": "00:16:03", "text": "Anyway, I I have I have many thoughts on"}, {"start": "00:16:00", "end": "00:16:05", "text": "this on this topic, but this why I keep"}, {"start": "00:16:03", "end": "00:16:08", "text": "saying like like remember how early you"}, {"start": "00:16:05", "end": "00:16:10", "text": "are in this market. We're not in 2041."}, {"start": "00:16:08", "end": "00:16:12", "text": "We're not in the year 2050 and you and I"}, {"start": "00:16:10", "end": "00:16:15", "text": "aren't here reminiscing about like how"}, {"start": "00:16:12", "end": "00:16:18", "text": "we could have gotten into crypto in"}, {"start": "00:16:15", "end": "00:16:21", "text": "2026. Like we're here right now."}, {"start": "00:16:18", "end": "00:16:23", "text": "That's the uh"}, {"start": "00:16:21", "end": "00:16:26", "text": "that's the point to be made. Um anywh"}, {"start": "00:16:23", "end": "00:16:28", "text": "who that's the uh bit mine accumulation"}, {"start": "00:16:26", "end": "00:16:30", "text": "news."}, {"start": "00:16:28", "end": "00:16:34", "text": "Fantastic."}, {"start": "00:16:30", "end": "00:16:37", "text": "Also in the news everywhere, an analyst,"}, {"start": "00:16:34", "end": "00:16:41", "text": "many of them, but an analyst says XRP is"}, {"start": "00:16:37", "end": "00:16:44", "text": "repeating its 2024 pattern before a"}, {"start": "00:16:41", "end": "00:16:47", "text": "potential 650%"}, {"start": "00:16:44", "end": "00:16:48", "text": "surge. You would not believe. Or maybe"}, {"start": "00:16:47", "end": "00:16:53", "text": "you would if you're here every day,"}, {"start": "00:16:48", "end": "00:16:56", "text": "you're like, \"No, I I get it.\""}, {"start": "00:16:53", "end": "00:17:02", "text": "Uh there are a lot of companies"}, {"start": "00:16:56", "end": "00:17:04", "text": "releasing analytical reports for crypto"}, {"start": "00:17:02", "end": "00:17:05", "text": "talking about uh past movements of"}, {"start": "00:17:04", "end": "00:17:08", "text": "Bitcoin"}, {"start": "00:17:05", "end": "00:17:11", "text": "where Cardano's price chart was before"}, {"start": "00:17:08", "end": "00:17:13", "text": "and the movements that repeated and this"}, {"start": "00:17:11", "end": "00:17:18", "text": "happening with so and so there are it's"}, {"start": "00:17:13", "end": "00:17:21", "text": "it's it's very safe for me to say people"}, {"start": "00:17:18", "end": "00:17:25", "text": "are expecting uh some pretty nice"}, {"start": "00:17:21", "end": "00:17:28", "text": "looking prices over the course of 2027."}, {"start": "00:17:25", "end": "00:17:31", "text": "And I'm also glad, this is a personal"}, {"start": "00:17:28", "end": "00:17:34", "text": "thing. I'm not finding"}, {"start": "00:17:31", "end": "00:17:36", "text": "as much news"}, {"start": "00:17:34", "end": "00:17:40", "text": "about the Clarity Act as I was before,"}, {"start": "00:17:36", "end": "00:17:42", "text": "which is lovely. Um, I don't know if"}, {"start": "00:17:40", "end": "00:17:45", "text": "that's a collective everyone realizing"}, {"start": "00:17:42", "end": "00:17:49", "text": "that we don't need to lean on the"}, {"start": "00:17:45", "end": "00:17:51", "text": "Clarity Act, but the last week was quite"}, {"start": "00:17:49", "end": "00:17:53", "text": "intense. Clarity Act news was"}, {"start": "00:17:51", "end": "00:17:54", "text": "everywhere. I'm not seeing a lot of it"}, {"start": "00:17:53", "end": "00:17:57", "text": "anymore. I'm seeing a lot of like kind"}, {"start": "00:17:54", "end": "00:17:59", "text": "of more downto-earth crypto news about"}, {"start": "00:17:57", "end": "00:18:01", "text": "accumulation about ETF inflows, if you"}, {"start": "00:17:59", "end": "00:18:02", "text": "can call that down to earth, about"}, {"start": "00:18:01", "end": "00:18:05", "text": "people looking at charts and saying,"}, {"start": "00:18:02", "end": "00:18:07", "text": "\"Okay, this date this, this line did"}, {"start": "00:18:05", "end": "00:18:09", "text": "that.\" This is why we recently had like"}, {"start": "00:18:07", "end": "00:18:12", "text": "Bitcoin uh golden cross news. Like a lot"}, {"start": "00:18:09", "end": "00:18:15", "text": "of the news is kind of moving back to"}, {"start": "00:18:12", "end": "00:18:17", "text": "the charts to look to see where crypto"}, {"start": "00:18:15", "end": "00:18:20", "text": "prices are going as opposed to being"}, {"start": "00:18:17", "end": "00:18:22", "text": "like the only way that XRP can go up in"}, {"start": "00:18:20", "end": "00:18:23", "text": "price is with the Clarity Act. That's"}, {"start": "00:18:22", "end": "00:18:25", "text": "what a lot of the news was around like"}, {"start": "00:18:23", "end": "00:18:28", "text": "May and June if you weren't here. A lot"}, {"start": "00:18:25", "end": "00:18:33", "text": "of it was like XRP and Ethereum are"}, {"start": "00:18:28", "end": "00:18:35", "text": "going to go to $9 trillion per coin if"}, {"start": "00:18:33", "end": "00:18:37", "text": "we get the Clarity Act. And then every"}, {"start": "00:18:35", "end": "00:18:39", "text": "single article was like if we don't get"}, {"start": "00:18:37", "end": "00:18:43", "text": "it, we're expecting lower prices. Why?"}, {"start": "00:18:39", "end": "00:18:46", "text": "We don't have the bill now. If we don't"}, {"start": "00:18:43", "end": "00:18:48", "text": "have it in a couple of days, nothing has"}, {"start": "00:18:46", "end": "00:18:50", "text": "really changed. Like we we you didn't"}, {"start": "00:18:48", "end": "00:18:52", "text": "have the money before, you don't have it"}, {"start": "00:18:50", "end": "00:18:56", "text": "now."}, {"start": "00:18:52", "end": "00:18:58", "text": "So, uh yes, a lot of news is floating"}, {"start": "00:18:56", "end": "00:19:02", "text": "around about these coins. It is going to"}, {"start": "00:18:58", "end": "00:19:05", "text": "be a very fascinating autumn and winter,"}, {"start": "00:19:02", "end": "00:19:07", "text": "my friends. uh simply because"}, {"start": "00:19:05", "end": "00:19:09", "text": "we are"}, {"start": "00:19:07", "end": "00:19:12", "text": "minimum"}, {"start": "00:19:09", "end": "00:19:15", "text": "minimum expecting anywhere from two to"}, {"start": "00:19:12", "end": "00:19:16", "text": "4x in prices by the end of the year. If"}, {"start": "00:19:15", "end": "00:19:18", "text": "you haven't seen the news in the last"}, {"start": "00:19:16", "end": "00:19:20", "text": "couple of weeks, that's what it comes"}, {"start": "00:19:18", "end": "00:19:21", "text": "down to. That's what everyone's talking"}, {"start": "00:19:20", "end": "00:19:23", "text": "about. That's what everyone's expecting."}, {"start": "00:19:21", "end": "00:19:24", "text": "That's what all the charts are showing."}, {"start": "00:19:23", "end": "00:19:26", "text": "Everyone's looking at October."}, {"start": "00:19:24", "end": "00:19:27", "text": "Everyone's looking at this date. Like it"}, {"start": "00:19:26", "end": "00:19:29", "text": "just"}, {"start": "00:19:27", "end": "00:19:33", "text": "awesome. We'll see what ends up"}, {"start": "00:19:29", "end": "00:19:35", "text": "happening. Uh, but I myself"}, {"start": "00:19:33", "end": "00:19:38", "text": "it's it's it's difficult not to be"}, {"start": "00:19:35", "end": "00:19:42", "text": "hyped, but I but I do what I can on a"}, {"start": "00:19:38", "end": "00:19:45", "text": "daily basis to try and stay uh calm"}, {"start": "00:19:42", "end": "00:19:51", "text": "because let's be completely honest here."}, {"start": "00:19:45", "end": "00:19:54", "text": "I would love a $100,000 Ethereum. And I"}, {"start": "00:19:51", "end": "00:19:57", "text": "mean not like normal love, like almost"}, {"start": "00:19:54", "end": "00:20:02", "text": "like creepy. Like I would I don't know"}, {"start": "00:19:57", "end": "00:20:07", "text": "what I would do. a $100,000 Ethereum, a"}, {"start": "00:20:02", "end": "00:20:10", "text": "million dollar Bitcoin, and like a $38"}, {"start": "00:20:07", "end": "00:20:10", "text": "XRP."}, {"start": "00:20:10", "end": "00:20:13", "text": "Like you just"}, {"start": "00:20:12", "end": "00:20:15", "text": "you just have to like go somewhere and"}, {"start": "00:20:13", "end": "00:20:17", "text": "party, right? Like like like you just"}, {"start": "00:20:15", "end": "00:20:20", "text": "have to like like seclude yourself on an"}, {"start": "00:20:17", "end": "00:20:25", "text": "island and just kind of Anyway, uh"}, {"start": "00:20:20", "end": "00:20:27", "text": "awesome. Whoa, XRP 650%."}, {"start": "00:20:25", "end": "00:20:29", "text": "That's that's crazy talk. Can't believe"}, {"start": "00:20:27", "end": "00:20:33", "text": "those numbers. That's what everyone's"}, {"start": "00:20:29", "end": "00:20:35", "text": "expecting. Okie dokie."}, {"start": "00:20:33", "end": "00:20:38", "text": "Let's move on."}, {"start": "00:20:35", "end": "00:20:40", "text": "Also, as I've been going over heavily in"}, {"start": "00:20:38", "end": "00:20:43", "text": "the news,"}, {"start": "00:20:40", "end": "00:20:47", "text": "Kevin Walsh and the Federal Reserve,"}, {"start": "00:20:43", "end": "00:20:51", "text": "what are they going to do next? Uh, a"}, {"start": "00:20:47", "end": "00:20:55", "text": "lot of people I I think the most likely"}, {"start": "00:20:51", "end": "00:20:59", "text": "is leaving interest rates the same. It's"}, {"start": "00:20:55", "end": "00:21:01", "text": "now literally almost 5050."}, {"start": "00:20:59", "end": "00:21:04", "text": "for expectations of either raising"}, {"start": "00:21:01", "end": "00:21:08", "text": "interest rates or keeping them where"}, {"start": "00:21:04", "end": "00:21:12", "text": "they are. The you you need to really put"}, {"start": "00:21:08", "end": "00:21:14", "text": "into context how bad debt levels"}, {"start": "00:21:12", "end": "00:21:16", "text": "actually are. This isn't like some"}, {"start": "00:21:14", "end": "00:21:19", "text": "random conversation. This is a"}, {"start": "00:21:16", "end": "00:21:23", "text": "discussion about the world reserve"}, {"start": "00:21:19", "end": "00:21:27", "text": "currency like buckling and crumbling."}, {"start": "00:21:23", "end": "00:21:30", "text": "As I've told you before, if the news is"}, {"start": "00:21:27", "end": "00:21:33", "text": "the world reserve currency ain't doing"}, {"start": "00:21:30", "end": "00:21:37", "text": "too hot, that means the other currencies"}, {"start": "00:21:33", "end": "00:21:41", "text": "around the world are doing terribly like"}, {"start": "00:21:37", "end": "00:21:45", "text": "really really bad."}, {"start": "00:21:41", "end": "00:21:47", "text": "So, uh, all the Fed can literally do is"}, {"start": "00:21:45", "end": "00:21:50", "text": "to raise interest rates. They will not"}, {"start": "00:21:47", "end": "00:21:51", "text": "stop printing money. They they"}, {"start": "00:21:50", "end": "00:21:54", "text": "essentially cannot, especially with debt"}, {"start": "00:21:51", "end": "00:21:56", "text": "levels this high. money has to be"}, {"start": "00:21:54", "end": "00:21:59", "text": "printed to actually pay back some of"}, {"start": "00:21:56", "end": "00:22:01", "text": "that debt. But the problem is is that as"}, {"start": "00:21:59", "end": "00:22:04", "text": "you print trillions of dollars to pay"}, {"start": "00:22:01", "end": "00:22:07", "text": "back the debt, the other money printed"}, {"start": "00:22:04", "end": "00:22:10", "text": "before it has lost value because you"}, {"start": "00:22:07", "end": "00:22:14", "text": "printed a trillion."}, {"start": "00:22:10", "end": "00:22:18", "text": "So, we're witnessing history and um it"}, {"start": "00:22:14", "end": "00:22:18", "text": "would appear"}, {"start": "00:22:18", "end": "00:22:25", "text": "that people with assets are going to uh"}, {"start": "00:22:22", "end": "00:22:27", "text": "do the best here simply because uh"}, {"start": "00:22:25", "end": "00:22:29", "text": "that's what happens during inflation."}, {"start": "00:22:27", "end": "00:22:32", "text": "People put their money into assets, the"}, {"start": "00:22:29", "end": "00:22:37", "text": "asset prices go up relative to inflation"}, {"start": "00:22:32", "end": "00:22:37", "text": "or higher. And yeah,"}, {"start": "00:22:37", "end": "00:22:47", "text": "uh it says traders using the CME's Fed"}, {"start": "00:22:41", "end": "00:22:52", "text": "watch tool put the FOMC September 2026"}, {"start": "00:22:47", "end": "00:22:55", "text": "odds of a 25 basis point rate hike,"}, {"start": "00:22:52", "end": "00:22:58", "text": "that's a 0.25 hike at the Federal"}, {"start": "00:22:55", "end": "00:23:02", "text": "Reserve's 16th of September meeting at"}, {"start": "00:22:58", "end": "00:23:08", "text": "nearly 56%."}, {"start": "00:23:02", "end": "00:23:10", "text": "CNBC has reported people are um getting"}, {"start": "00:23:08", "end": "00:23:13", "text": "a bit jittery trying to figure out"}, {"start": "00:23:10", "end": "00:23:17", "text": "what's going to happen. a raise in"}, {"start": "00:23:13", "end": "00:23:20", "text": "interest rates uh could have a number of"}, {"start": "00:23:17", "end": "00:23:25", "text": "implications and one of them is is it"}, {"start": "00:23:20", "end": "00:23:28", "text": "could cause the stock market to begin to"}, {"start": "00:23:25", "end": "00:23:32", "text": "uh tumble a bit and the AI sector is"}, {"start": "00:23:28", "end": "00:23:35", "text": "apparently already looking a bit shaky"}, {"start": "00:23:32", "end": "00:23:36", "text": "and it might just need one more little"}, {"start": "00:23:35", "end": "00:23:40", "text": "push"}, {"start": "00:23:36", "end": "00:23:42", "text": "uh to actually like fall fall. So, as"}, {"start": "00:23:40", "end": "00:23:43", "text": "we've been going over for a while, and"}, {"start": "00:23:42", "end": "00:23:47", "text": "this will continuously be the news. This"}, {"start": "00:23:43", "end": "00:23:48", "text": "this will not disappear. Understand that"}, {"start": "00:23:47", "end": "00:23:52", "text": "we're talking about the end of the US"}, {"start": "00:23:48", "end": "00:23:54", "text": "dollar. We're talking about uh soon to"}, {"start": "00:23:52", "end": "00:23:58", "text": "be"}, {"start": "00:23:54", "end": "00:24:01", "text": "$41 trillion worth of of debt. The these"}, {"start": "00:23:58", "end": "00:24:04", "text": "numbers do they desensitize you because"}, {"start": "00:24:01", "end": "00:24:08", "text": "you hear them and you you get used to"}, {"start": "00:24:04", "end": "00:24:10", "text": "it. When you were a kid, someone said a"}, {"start": "00:24:08", "end": "00:24:12", "text": "dollar and you're like, \"A whole dollar?"}, {"start": "00:24:10", "end": "00:24:15", "text": "That's crazy.\" You get older and go to"}, {"start": "00:24:12", "end": "00:24:17", "text": "work and you go, \"Okay, a $100.\" It's"}, {"start": "00:24:15", "end": "00:24:19", "text": "it's it's an okay amount of money to be"}, {"start": "00:24:17", "end": "00:24:21", "text": "able to do stuff with. You hear a couple"}, {"start": "00:24:19", "end": "00:24:23", "text": "thousand. You watch these TV shows with"}, {"start": "00:24:21", "end": "00:24:24", "text": "these millionaires. A million becomes"}, {"start": "00:24:23", "end": "00:24:26", "text": "quite cemented in your mind as a lot of"}, {"start": "00:24:24", "end": "00:24:29", "text": "money. You hear billions all the time."}, {"start": "00:24:26", "end": "00:24:34", "text": "Wow, that guy's a billionaire. So the"}, {"start": "00:24:29", "end": "00:24:36", "text": "idea of like a an $18 million inflow to"}, {"start": "00:24:34", "end": "00:24:38", "text": "an ETF doesn't seem as amazing anymore"}, {"start": "00:24:36", "end": "00:24:41", "text": "because you're used to billions. So when"}, {"start": "00:24:38", "end": "00:24:44", "text": "we start hearing trillions of dollars"}, {"start": "00:24:41", "end": "00:24:47", "text": "normally red flag like it is an"}, {"start": "00:24:44", "end": "00:24:49", "text": "indication that things have like"}, {"start": "00:24:47", "end": "00:24:52", "text": "remember Yeah. Remember when you were"}, {"start": "00:24:49", "end": "00:24:54", "text": "younger and there were always those"}, {"start": "00:24:52", "end": "00:24:57", "text": "things in the news about I believe it"}, {"start": "00:24:54", "end": "00:24:59", "text": "was Zimbabwe. I believe it was Zimbabwe."}, {"start": "00:24:57", "end": "00:25:02", "text": "uh they had like a hundred trillion"}, {"start": "00:24:59", "end": "00:25:03", "text": "dollar bill, remember that? And people"}, {"start": "00:25:02", "end": "00:25:06", "text": "were always like their economy is"}, {"start": "00:25:03", "end": "00:25:08", "text": "terrible. And then you talk about $40"}, {"start": "00:25:06", "end": "00:25:12", "text": "trillion worth of debt, which will only"}, {"start": "00:25:08", "end": "00:25:16", "text": "continue. So at some point"}, {"start": "00:25:12", "end": "00:25:20", "text": "in our lifetime, and I mean, let's be"}, {"start": "00:25:16", "end": "00:25:22", "text": "honest, I I give it a good 15, 20 years,"}, {"start": "00:25:20", "end": "00:25:26", "text": "we're going to hear that the US is a"}, {"start": "00:25:22", "end": "00:25:26", "text": "hundred trillion dollars in debt."}, {"start": "00:25:26", "end": "00:25:31", "text": "Yeah. See, when you put it into that"}, {"start": "00:25:28", "end": "00:25:37", "text": "context, it's like, oh no, that's awful."}, {"start": "00:25:31", "end": "00:25:40", "text": "Um, also in the news, um, Scott Basent,"}, {"start": "00:25:37", "end": "00:25:43", "text": "the US Treasury Secretary,"}, {"start": "00:25:40", "end": "00:25:47", "text": "uh, it says Basent's fever quelling debt"}, {"start": "00:25:43", "end": "00:25:51", "text": "buybacks put Wall Street on edge. Yeah."}, {"start": "00:25:47", "end": "00:25:51", "text": "So they're talking"}, {"start": "00:25:53", "end": "00:25:59", "text": "the dollarization is ramping up. Uh the"}, {"start": "00:25:57", "end": "00:26:03", "text": "amount of people"}, {"start": "00:25:59", "end": "00:26:05", "text": "even people buying US debt has fallen."}, {"start": "00:26:03", "end": "00:26:07", "text": "Buying US debt is usually seen as like a"}, {"start": "00:26:05", "end": "00:26:09", "text": "uh like like a surefired way of getting"}, {"start": "00:26:07", "end": "00:26:11", "text": "your money back. You know that you'll"}, {"start": "00:26:09", "end": "00:26:15", "text": "you know do well. This is the way that"}, {"start": "00:26:11", "end": "00:26:16", "text": "debt usually works. Um people aren't"}, {"start": "00:26:15", "end": "00:26:20", "text": "buying you as debt. They're not buying"}, {"start": "00:26:16", "end": "00:26:24", "text": "the bonds. Uh they're not buying uh"}, {"start": "00:26:20", "end": "00:26:26", "text": "Treasury bills. And uh the US recently"}, {"start": "00:26:24", "end": "00:26:28", "text": "announced,"}, {"start": "00:26:26", "end": "00:26:31", "text": "if I remember correctly, that they're"}, {"start": "00:26:28", "end": "00:26:34", "text": "going to try and do like a trillion"}, {"start": "00:26:31", "end": "00:26:34", "text": "dollar buyback."}, {"start": "00:26:34", "end": "00:26:40", "text": "Red flag. And uh Wall Street doesn't"}, {"start": "00:26:37", "end": "00:26:42", "text": "like that. when you announce so"}, {"start": "00:26:40", "end": "00:26:44", "text": "historically if something's bad you know"}, {"start": "00:26:42", "end": "00:26:47", "text": "how like I always say like when we hear"}, {"start": "00:26:44", "end": "00:26:50", "text": "about it like that's that's always the"}, {"start": "00:26:47", "end": "00:26:52", "text": "tipping point normally things are always"}, {"start": "00:26:50", "end": "00:26:56", "text": "bad throughout history what ends up"}, {"start": "00:26:52", "end": "00:26:58", "text": "happening is that at some point 20 30 40"}, {"start": "00:26:56", "end": "00:27:00", "text": "years later we get like an unsealing I"}, {"start": "00:26:58", "end": "00:27:02", "text": "don't know if it works everywhere this"}, {"start": "00:27:00", "end": "00:27:05", "text": "way around the world we get like an"}, {"start": "00:27:02", "end": "00:27:07", "text": "unsealing of documents and then we the"}, {"start": "00:27:05", "end": "00:27:09", "text": "the people in in the US we will hear"}, {"start": "00:27:07", "end": "00:27:11", "text": "that, you know, something happened in"}, {"start": "00:27:09", "end": "00:27:14", "text": "the 80s. Oh my gosh, like we were this"}, {"start": "00:27:11", "end": "00:27:16", "text": "close to disaster. That's crazy."}, {"start": "00:27:14", "end": "00:27:18", "text": "When you hear people say it out loud,"}, {"start": "00:27:16", "end": "00:27:21", "text": "that means it's far worse than we're"}, {"start": "00:27:18", "end": "00:27:24", "text": "actually imagining. Like imagine you"}, {"start": "00:27:21", "end": "00:27:28", "text": "have, for instance, let's say somebody"}, {"start": "00:27:24", "end": "00:27:31", "text": "has a million dollars in debt"}, {"start": "00:27:28", "end": "00:27:33", "text": "and you normally, if you're in debt, you"}, {"start": "00:27:31", "end": "00:27:35", "text": "wouldn't be able to pay that whole"}, {"start": "00:27:33", "end": "00:27:38", "text": "million dollars back. Stay with me. So,"}, {"start": "00:27:35", "end": "00:27:41", "text": "what you would normally do is you would"}, {"start": "00:27:38", "end": "00:27:44", "text": "tell the bank, \"Hey, can we figure this"}, {"start": "00:27:41", "end": "00:27:48", "text": "out? I don't have a million. I might"}, {"start": "00:27:44", "end": "00:27:50", "text": "have a 100K. Could I do 50,000? Would"}, {"start": "00:27:48", "end": "00:27:53", "text": "that would that help?\" And they go,"}, {"start": "00:27:50", "end": "00:27:56", "text": "\"Yeah, sure. 20 thou know, 50,000 would"}, {"start": "00:27:53", "end": "00:27:57", "text": "help tremendously towards your actual"}, {"start": "00:27:56", "end": "00:28:00", "text": "debt.\""}, {"start": "00:27:57", "end": "00:28:02", "text": "If the US is announcing a trillion"}, {"start": "00:28:00", "end": "00:28:05", "text": "dollar buyback,"}, {"start": "00:28:02", "end": "00:28:07", "text": "that means the situation is far worse"}, {"start": "00:28:05", "end": "00:28:09", "text": "than a trillion dollars. Because if the"}, {"start": "00:28:07", "end": "00:28:10", "text": "if the issue was just a trillion and"}, {"start": "00:28:09", "end": "00:28:14", "text": "they said we're going to buy back a"}, {"start": "00:28:10", "end": "00:28:17", "text": "trillion, stock markets would skyrocket,"}, {"start": "00:28:14", "end": "00:28:20", "text": "US debt is over. That means that the"}, {"start": "00:28:17", "end": "00:28:22", "text": "issue goes way deeper. to have to even"}, {"start": "00:28:20", "end": "00:28:24", "text": "announce openly that you're having so"}, {"start": "00:28:22", "end": "00:28:27", "text": "big of a problem that you need to buy"}, {"start": "00:28:24", "end": "00:28:30", "text": "back your own debt."}, {"start": "00:28:27", "end": "00:28:33", "text": "Yeah, this is also and I mean as we've"}, {"start": "00:28:30", "end": "00:28:35", "text": "been going over this is part of the"}, {"start": "00:28:33", "end": "00:28:38", "text": "expectations"}, {"start": "00:28:35", "end": "00:28:41", "text": "of the crypto market going a lot higher."}, {"start": "00:28:38", "end": "00:28:43", "text": "It's basically um capital rotation and"}, {"start": "00:28:41", "end": "00:28:46", "text": "people realizing I mean I don't know if"}, {"start": "00:28:43", "end": "00:28:52", "text": "you've caught on in the last uh two"}, {"start": "00:28:46", "end": "00:28:52", "text": "years around $150"}, {"start": "00:28:52", "end": "00:28:58", "text": "billion dollar worth of Bitcoin was"}, {"start": "00:28:55", "end": "00:29:00", "text": "purchased."}, {"start": "00:28:58", "end": "00:29:05", "text": "Did anyone catch on that something might"}, {"start": "00:29:00", "end": "00:29:08", "text": "have been wrong? When I keep saying"}, {"start": "00:29:05", "end": "00:29:10", "text": "why did black I mean like I'm I'm giving"}, {"start": "00:29:08", "end": "00:29:14", "text": "you a question but it's also an answer."}, {"start": "00:29:10", "end": "00:29:19", "text": "Why did BlackRock purchase $60 billion"}, {"start": "00:29:14", "end": "00:29:21", "text": "worth of Bitcoin in 20 months?"}, {"start": "00:29:19", "end": "00:29:25", "text": "Why does Micro Strategy have over"}, {"start": "00:29:21", "end": "00:29:29", "text": "800,000 Bitcoin in two years?"}, {"start": "00:29:25", "end": "00:29:35", "text": "Why are the inflows in a week for"}, {"start": "00:29:29", "end": "00:29:35", "text": "Bitcoin ETFs at 3 6 billion"}, {"start": "00:29:35", "end": "00:29:40", "text": "there. These are questions, but they're"}, {"start": "00:29:37", "end": "00:29:44", "text": "answers. It's because everything is so"}, {"start": "00:29:40", "end": "00:29:48", "text": "bad. Wall Street, and I don't use the"}, {"start": "00:29:44", "end": "00:29:50", "text": "term smart money, but big money and even"}, {"start": "00:29:48", "end": "00:29:52", "text": "everyday investors, the alarm bells are"}, {"start": "00:29:50", "end": "00:29:55", "text": "going off in your head. I I tell you"}, {"start": "00:29:52", "end": "00:29:57", "text": "often like you you feel something's"}, {"start": "00:29:55", "end": "00:29:59", "text": "wrong, right? like something feels"}, {"start": "00:29:57", "end": "00:30:01", "text": "terribly off"}, {"start": "00:29:59", "end": "00:30:03", "text": "like offkilter. Something something"}, {"start": "00:30:01", "end": "00:30:06", "text": "something's not too high. Like what"}, {"start": "00:30:03", "end": "00:30:08", "text": "what's going on here? That's what's"}, {"start": "00:30:06", "end": "00:30:10", "text": "going on is these people are openly"}, {"start": "00:30:08", "end": "00:30:14", "text": "telling us"}, {"start": "00:30:10", "end": "00:30:18", "text": "we are invested in Bitcoin, Ethereum,"}, {"start": "00:30:14", "end": "00:30:20", "text": "XRP, Salana, and Polygon."}, {"start": "00:30:18", "end": "00:30:21", "text": "Hey Goldman Sachs, you're in crypto,"}, {"start": "00:30:20", "end": "00:30:23", "text": "right? What are you buying? Well, we're"}, {"start": "00:30:21", "end": "00:30:26", "text": "really into Bitcoin, XRP, and Ethereum"}, {"start": "00:30:23", "end": "00:30:29", "text": "right now. They're actively telling us"}, {"start": "00:30:26", "end": "00:30:32", "text": "what they're buying as the US dollar is"}, {"start": "00:30:29", "end": "00:30:34", "text": "collapsing."}, {"start": "00:30:32", "end": "00:30:37", "text": "It's a question, but it's also the"}, {"start": "00:30:34", "end": "00:30:38", "text": "answer."}, {"start": "00:30:37", "end": "00:30:41", "text": "Anywho,"}, {"start": "00:30:38", "end": "00:30:42", "text": "I hope you're all doing well. Hope"}, {"start": "00:30:41", "end": "00:30:45", "text": "you've all been paying attention. Hope"}, {"start": "00:30:42", "end": "00:30:47", "text": "you've all been buying assets. It's very"}, {"start": "00:30:45", "end": "00:30:49", "text": "important. Uh, no one else is going to"}, {"start": "00:30:47", "end": "00:30:53", "text": "do it for you."}, {"start": "00:30:49", "end": "00:30:55", "text": "I do sincerely hope that you have all"}, {"start": "00:30:53", "end": "00:31:00", "text": "enjoyed."}, {"start": "00:30:55", "end": "00:31:01", "text": "Um I feel like taking a nap. I'm just"}, {"start": "00:31:00", "end": "00:31:03", "text": "I'm just out of it. Could be the change"}, {"start": "00:31:01", "end": "00:31:07", "text": "in in weather as well. It's getting more"}, {"start": "00:31:03", "end": "00:31:09", "text": "autumny. Anyway, um do hope that you've"}, {"start": "00:31:07", "end": "00:31:12", "text": "all enjoyed. Do hope that you all are"}, {"start": "00:31:09", "end": "00:31:14", "text": "having a great day, morning, afternoon,"}, {"start": "00:31:12", "end": "00:31:16", "text": "evening, wherever you are, wherever you"}, {"start": "00:31:14", "end": "00:31:19", "text": "might be. I do hope it's absolutely"}, {"start": "00:31:16", "end": "00:31:22", "text": "fantastic. Thank you all once again for"}, {"start": "00:31:19", "end": "00:31:25", "text": "watching, listening, liking, commenting,"}, {"start": "00:31:22", "end": "00:31:28", "text": "and supporting. And I will"}, {"start": "00:31:25", "end": "00:31:31", "text": "most certainly be talking to you all"}, {"start": "00:31:28", "end": "00:31:31", "text": "soon."}, {"start": "00:31:31", "end": "00:31:34", "text": "See you."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "Bitcoin just hit $85,000, and everyone"}, {"start": "00:00:02", "end": "00:00:04", "text": "wants to know is the Bitcoin bear market"}, {"start": "00:00:03", "end": "00:00:06", "text": "over? Now, that's a good question"}, {"start": "00:00:04", "end": "00:00:08", "text": "because Bitcoin's actually down a lot."}, {"start": "00:00:06", "end": "00:00:09", "text": "It's down over 30% over the last year."}, {"start": "00:00:08", "end": "00:00:11", "text": "It's still down year-to-date. But, I"}, {"start": "00:00:09", "end": "00:00:13", "text": "think the Bitcoin bear market is over"}, {"start": "00:00:11", "end": "00:00:14", "text": "for one simple reason. Treasury"}, {"start": "00:00:13", "end": "00:00:15", "text": "Secretary Scott Bessent came out a"}, {"start": "00:00:14", "end": "00:00:17", "text": "couple weeks ago. He said that the US"}, {"start": "00:00:15", "end": "00:00:19", "text": "government is going to keep printing"}, {"start": "00:00:17", "end": "00:00:20", "text": "money, do more buybacks of Treasuries,"}, {"start": "00:00:19", "end": "00:00:22", "text": "and immediately Bitcoin spiked because"}, {"start": "00:00:20", "end": "00:00:23", "text": "Bitcoin's the most sensitive asset to"}, {"start": "00:00:22", "end": "00:00:24", "text": "global liquidity. And if the"}, {"start": "00:00:23", "end": "00:00:27", "text": "government's going to print money,"}, {"start": "00:00:24", "end": "00:00:27", "text": "Bitcoin's never going to stop going up."}]

[{"start": "00:00:00", "end": "00:00:02", "text": "The Federal Reserve just raised interest"}, {"start": "00:00:01", "end": "00:00:04", "text": "rates for the first time in a couple of"}, {"start": "00:00:02", "end": "00:00:06", "text": "years, and everyone's freaking out"}, {"start": "00:00:04", "end": "00:00:07", "text": "online. They think higher rates means a"}, {"start": "00:00:06", "end": "00:00:09", "text": "lower stock market, but that's not"}, {"start": "00:00:07", "end": "00:00:11", "text": "necessarily true. Going back to 1994,"}, {"start": "00:00:09", "end": "00:00:12", "text": "five of the six times that the Fed"}, {"start": "00:00:11", "end": "00:00:14", "text": "raised rates, the stock market was"}, {"start": "00:00:12", "end": "00:00:16", "text": "actually higher 12 months later, not"}, {"start": "00:00:14", "end": "00:00:17", "text": "lower. And so maybe higher rates aren't"}, {"start": "00:00:16", "end": "00:00:19", "text": "as big of a deal as everyone thinks they"}, {"start": "00:00:17", "end": "00:00:21", "text": "are, and your portfolio is going to be"}, {"start": "00:00:19", "end": "00:00:21", "text": "just fine."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "And this is where I'm a Bitcoin maxi in"}, {"start": "00:00:02", "end": "00:00:06", "text": "the very long term. Woo! No, no, no. I"}, {"start": "00:00:04", "end": "00:00:09", "text": "believe if you want to, let's let me"}, {"start": "00:00:06", "end": "00:00:11", "text": "rephrase it. I want an asset that will"}, {"start": "00:00:09", "end": "00:00:13", "text": "be growing in value for the next 30"}, {"start": "00:00:11", "end": "00:00:15", "text": "years. The only one I can say in my"}, {"start": "00:00:13", "end": "00:00:17", "text": "brain with certainty for the next 30"}, {"start": "00:00:15", "end": "00:00:19", "text": "years, not the next five, not the next"}, {"start": "00:00:17", "end": "00:00:20", "text": "three, that I believe is Bitcoin. That's"}, {"start": "00:00:19", "end": "00:00:22", "text": "it. All right, guys. Today we have an"}, {"start": "00:00:20", "end": "00:00:23", "text": "excellent conversation with Jordy"}, {"start": "00:00:22", "end": "00:00:25", "text": "Visser. In this one, we go through"}, {"start": "00:00:23", "end": "00:00:26", "text": "what's going on in AI. Why all of a"}, {"start": "00:00:25", "end": "00:00:28", "text": "sudden when interest rates were raised,"}, {"start": "00:00:26", "end": "00:00:30", "text": "why did Bitcoin, stocks, all this stuff"}, {"start": "00:00:28", "end": "00:00:32", "text": "not crash? what is going on in the US"}, {"start": "00:00:30", "end": "00:00:33", "text": "economy? Why does Jordy think that"}, {"start": "00:00:32", "end": "00:00:35", "text": "Bitcoin's going higher? Other cryptos"}, {"start": "00:00:33", "end": "00:00:37", "text": "are going higher. How does he think"}, {"start": "00:00:35", "end": "00:00:38", "text": "about all of the agent swarms and issues"}, {"start": "00:00:37", "end": "00:00:40", "text": "that are coming out of the AI industry?"}, {"start": "00:00:38", "end": "00:00:42", "text": "And then Jordy just gives it to us"}, {"start": "00:00:40", "end": "00:00:43", "text": "straight exactly where he thinks value"}, {"start": "00:00:42", "end": "00:00:45", "text": "is going to acrue over the next couple"}, {"start": "00:00:43", "end": "00:00:46", "text": "of years. What he's excited about, what"}, {"start": "00:00:45", "end": "00:00:49", "text": "he's not excited about, and how it could"}, {"start": "00:00:46", "end": "00:00:50", "text": "impact your portfolio. This one is"}, {"start": "00:00:49", "end": "00:00:52", "text": "excellent. Here's my latest conversation"}, {"start": "00:00:50", "end": "00:00:54", "text": "with Jordy Visser. All right, Jordy."}, {"start": "00:00:52", "end": "00:00:55", "text": "Bitcoin has held pretty steady."}, {"start": "00:00:54", "end": "00:00:57", "text": "Actually, it's up a little bit since the"}, {"start": "00:00:55", "end": "00:00:59", "text": "Fed decided to raise interest rates."}, {"start": "00:00:57", "end": "00:01:01", "text": "Stock market is well pretty much flat."}, {"start": "00:00:59", "end": "00:01:03", "text": "AI indexes, they're up. I think that"}, {"start": "00:01:01", "end": "00:01:05", "text": "people are a little offsides or shaken"}, {"start": "00:01:03", "end": "00:01:06", "text": "that if the Fed increases interest"}, {"start": "00:01:05", "end": "00:01:09", "text": "rates, aren't these assets all supposed"}, {"start": "00:01:06", "end": "00:01:11", "text": "to go down? What's going on here? I"}, {"start": "00:01:09", "end": "00:01:14", "text": "think you can take it back further."}, {"start": "00:01:11", "end": "00:01:17", "text": "Let's say June 30th. What's happened"}, {"start": "00:01:14", "end": "00:01:19", "text": "since June 30th? That was the end of Q2."}, {"start": "00:01:17", "end": "00:01:21", "text": "Stocks are unchanged, both NASDAQ and"}, {"start": "00:01:19", "end": "00:01:23", "text": "S&P."}, {"start": "00:01:21", "end": "00:01:25", "text": "Oil's a lot higher. I don't know if"}, {"start": "00:01:23", "end": "00:01:27", "text": "you've heard, but oil is going to take"}, {"start": "00:01:25", "end": "00:01:29", "text": "down the world. Tenure rates, they're up"}, {"start": "00:01:27", "end": "00:01:31", "text": "a lot. I don't know if you heard this."}, {"start": "00:01:29", "end": "00:01:33", "text": "They're up a lot. Whole systems going to"}, {"start": "00:01:31", "end": "00:01:36", "text": "crack."}, {"start": "00:01:33", "end": "00:01:38", "text": "Situational awareness happened in July."}, {"start": "00:01:36", "end": "00:01:41", "text": "AI bubbles unwound. Everything's going"}, {"start": "00:01:38", "end": "00:01:44", "text": "to crash. We're in a"}, {"start": "00:01:41", "end": "00:01:46", "text": "1998. We're in a 2009, whatever you"}, {"start": "00:01:44", "end": "00:01:49", "text": "want. We get out of July. And then what"}, {"start": "00:01:46", "end": "00:01:50", "text": "happens? Besson's going to go intervene"}, {"start": "00:01:49", "end": "00:01:52", "text": "in the yen. And then he's going to"}, {"start": "00:01:50", "end": "00:01:53", "text": "change the buybacks. And then he's going"}, {"start": "00:01:52", "end": "00:01:55", "text": "to do this. It's going to make rates go"}, {"start": "00:01:53", "end": "00:01:58", "text": "down. Rates go higher. The war gets"}, {"start": "00:01:55", "end": "00:02:00", "text": "worse. Oil goes higher. Fed's not going"}, {"start": "00:01:58", "end": "00:02:01", "text": "to raise rates. The Fed raises rates."}, {"start": "00:02:00", "end": "00:02:03", "text": "Clarity Act is going to go through."}, {"start": "00:02:01", "end": "00:02:05", "text": "Clarity Act doesn't go through."}, {"start": "00:02:03", "end": "00:02:08", "text": "Not only is Bitcoin, Ethereum,"}, {"start": "00:02:05", "end": "00:02:10", "text": "everything sitting up here. Ethereum's"}, {"start": "00:02:08", "end": "00:02:13", "text": "up over 50% quarter to date. So, with"}, {"start": "00:02:10", "end": "00:02:15", "text": "all the news I just said, climbing a"}, {"start": "00:02:13", "end": "00:02:18", "text": "wall of worry is a big deal. Um, if you"}, {"start": "00:02:15", "end": "00:02:21", "text": "ask me what's going on, it's very simple"}, {"start": "00:02:18", "end": "00:02:22", "text": "to me. You got to go back to situational"}, {"start": "00:02:21", "end": "00:02:25", "text": "awareness."}, {"start": "00:02:22", "end": "00:02:28", "text": "And everyone who's listening, he hates"}, {"start": "00:02:25", "end": "00:02:30", "text": "when I do this. Pause. Just pause for a"}, {"start": "00:02:28", "end": "00:02:34", "text": "second. Go to your smartphone and just"}, {"start": "00:02:30", "end": "00:02:37", "text": "so give me the image on page 71 of"}, {"start": "00:02:34", "end": "00:02:40", "text": "Leopold situational awareness 165page"}, {"start": "00:02:37", "end": "00:02:42", "text": "paper and I want you to look at that"}, {"start": "00:02:40", "end": "00:02:43", "text": "exact point and that's where"}, {"start": "00:02:42", "end": "00:02:44", "text": ">> we'll just pull it up here so you don't"}, {"start": "00:02:43", "end": "00:02:45", "text": "have to pause."}, {"start": "00:02:44", "end": "00:02:48", "text": ">> That's where"}, {"start": "00:02:45", "end": "00:02:50", "text": "that's where agents take over, AI agents"}, {"start": "00:02:48", "end": "00:02:54", "text": "take over. And I think what has happened"}, {"start": "00:02:50", "end": "00:02:56", "text": "to crypto, plain and simple, is the"}, {"start": "00:02:54", "end": "00:02:58", "text": "enthusiasm came from, oh, the basement's"}, {"start": "00:02:56", "end": "00:03:01", "text": "coming. And I will keep saying it for"}, {"start": "00:02:58", "end": "00:03:02", "text": "all of you people listening. You want"}, {"start": "00:03:01", "end": "00:03:05", "text": "rates to go higher and crypto to go"}, {"start": "00:03:02", "end": "00:03:08", "text": "higher because a true technology, a true"}, {"start": "00:03:05", "end": "00:03:11", "text": "innovation means it is not sensitive to"}, {"start": "00:03:08", "end": "00:03:13", "text": "that. This has been a big mistake that I"}, {"start": "00:03:11", "end": "00:03:15", "text": "have strong disagreement with the entire"}, {"start": "00:03:13", "end": "00:03:18", "text": "crypto community that Bitcoin is just"}, {"start": "00:03:15", "end": "00:03:20", "text": "liquidity. No, Bitcoin has been"}, {"start": "00:03:18", "end": "00:03:22", "text": "liquidity because there hasn't been"}, {"start": "00:03:20", "end": "00:03:24", "text": "innovation that has been used. When you"}, {"start": "00:03:22", "end": "00:03:27", "text": "get to the inflection point where"}, {"start": "00:03:24", "end": "00:03:29", "text": "innovation starts to be used like with"}, {"start": "00:03:27", "end": "00:03:32", "text": "the iPhone, then that growth and"}, {"start": "00:03:29", "end": "00:03:34", "text": "innovation happens without the business"}, {"start": "00:03:32", "end": "00:03:36", "text": "cycle, without liquidity. So, if you"}, {"start": "00:03:34", "end": "00:03:38", "text": "truly to be what everyone believes it's"}, {"start": "00:03:36", "end": "00:03:40", "text": "going to be, which I believe it is now,"}, {"start": "00:03:38", "end": "00:03:43", "text": "you actually need the true users of"}, {"start": "00:03:40", "end": "00:03:45", "text": "crypto to come into play. Now, if rates"}, {"start": "00:03:43", "end": "00:03:48", "text": "are going up, which they did just this"}, {"start": "00:03:45", "end": "00:03:51", "text": "week, and crypto is still going up,"}, {"start": "00:03:48", "end": "00:03:54", "text": "people will say, \"Okay, if Bitcoin was"}, {"start": "00:03:51", "end": "00:03:56", "text": "sensitive to liquidity before, will it"}, {"start": "00:03:54", "end": "00:03:58", "text": "be sensitive going forward?\" And I asked"}, {"start": "00:03:56", "end": "00:04:00", "text": "that because I don't know if you've seen"}, {"start": "00:03:58", "end": "00:04:02", "text": "the chart, the M2 money supply is going"}, {"start": "00:04:00", "end": "00:04:03", "text": "up and Bitcoin used to track very nicely"}, {"start": "00:04:02", "end": "00:04:05", "text": "and there have been times where they"}, {"start": "00:04:03", "end": "00:04:07", "text": "diverged and you get kind of the"}, {"start": "00:04:05", "end": "00:04:10", "text": "alligator, you know, mouth, but then"}, {"start": "00:04:07", "end": "00:04:13", "text": "when it closes, there's a violent move"}, {"start": "00:04:10", "end": "00:04:14", "text": "in Bitcoin to catch up to M2. We have"}, {"start": "00:04:13", "end": "00:04:16", "text": "been living through for the last, I"}, {"start": "00:04:14", "end": "00:04:18", "text": "don't know, 18 months or so, that"}, {"start": "00:04:16", "end": "00:04:20", "text": "divergence again. And so M2 has been"}, {"start": "00:04:18", "end": "00:04:22", "text": "growing. Bitcoin has been down. And"}, {"start": "00:04:20", "end": "00:04:24", "text": "there's a belief in the Bitcoin"}, {"start": "00:04:22", "end": "00:04:25", "text": "community that those jaws are going to"}, {"start": "00:04:24", "end": "00:04:29", "text": "close and Bitcoin is going to violently"}, {"start": "00:04:25", "end": "00:04:31", "text": "move up. What I hear you saying is maybe"}, {"start": "00:04:29", "end": "00:04:33", "text": "that was true in the past, but the"}, {"start": "00:04:31", "end": "00:04:36", "text": "drivers of Bitcoin's price going forward"}, {"start": "00:04:33", "end": "00:04:38", "text": "may be more reliant on AI agents and"}, {"start": "00:04:36", "end": "00:04:40", "text": "other innovation more so than what's"}, {"start": "00:04:38", "end": "00:04:42", "text": "going on in the macro world. Is that a"}, {"start": "00:04:40", "end": "00:04:45", "text": "fair summarization?"}, {"start": "00:04:42", "end": "00:04:47", "text": ">> So,"}, {"start": "00:04:45", "end": "00:04:48", "text": "I'm spending a lot of time. So, one of"}, {"start": "00:04:47", "end": "00:04:52", "text": "the reasons that I wanted to do this"}, {"start": "00:04:48", "end": "00:04:54", "text": "with you is this moment in time. Um, the"}, {"start": "00:04:52", "end": "00:04:57", "text": "four-year cycle to me is is reflective"}, {"start": "00:04:54", "end": "00:04:59", "text": "of the liquidity cycle. Um, I was just"}, {"start": "00:04:57", "end": "00:05:01", "text": "listening to someone who I respect talk"}, {"start": "00:04:59", "end": "00:05:02", "text": "about the liquidity cycle. Um, the"}, {"start": "00:05:01", "end": "00:05:03", "text": "liquidity"}, {"start": "00:05:02", "end": "00:05:05", "text": ">> there could only be one guy who talks"}, {"start": "00:05:03", "end": "00:05:07", "text": "about the liquidity cycle non-stop. Go."}, {"start": "00:05:05", "end": "00:05:08", "text": ">> Well, no, they were probably thinking of"}, {"start": "00:05:07", "end": "00:05:11", "text": "the same person. It wasn't him, but it"}, {"start": "00:05:08", "end": "00:05:13", "text": "was someone directly related to him. Um"}, {"start": "00:05:11", "end": "00:05:17", "text": "here here here's the thing I'll say is"}, {"start": "00:05:13", "end": "00:05:18", "text": "um in fact that person he and I spoke"}, {"start": "00:05:17", "end": "00:05:20", "text": "one time and I said there's no such"}, {"start": "00:05:18", "end": "00:05:21", "text": "thing as recessions anymore."}, {"start": "00:05:20", "end": "00:05:23", "text": ">> I agree with that."}, {"start": "00:05:21", "end": "00:05:25", "text": ">> Okay. So if you don't have recessions"}, {"start": "00:05:23", "end": "00:05:27", "text": "anymore the liquidity cycle is not the"}, {"start": "00:05:25", "end": "00:05:29", "text": "same. That doesn't mean that the"}, {"start": "00:05:27", "end": "00:05:33", "text": "government doesn't try to prevent stock"}, {"start": "00:05:29", "end": "00:05:35", "text": "market crashes and prevent possible"}, {"start": "00:05:33", "end": "00:05:36", "text": "recessions that they're worried about."}, {"start": "00:05:35", "end": "00:05:39", "text": "So when you look at the liquidity cycle,"}, {"start": "00:05:36", "end": "00:05:42", "text": "you have to remember what makes M2 go"}, {"start": "00:05:39", "end": "00:05:43", "text": "down is when humans start getting"}, {"start": "00:05:42", "end": "00:05:45", "text": "worried about things and they start"}, {"start": "00:05:43", "end": "00:05:48", "text": "hoarding cash and they start putting it"}, {"start": "00:05:45", "end": "00:05:49", "text": "into noneconomic places. They're paying"}, {"start": "00:05:48", "end": "00:05:52", "text": "off debt or they're doing something, but"}, {"start": "00:05:49", "end": "00:05:54", "text": "they're not actually generating GDP with"}, {"start": "00:05:52", "end": "00:05:55", "text": "it. So there has been a link between"}, {"start": "00:05:54", "end": "00:05:57", "text": "liquidity"}, {"start": "00:05:55", "end": "00:06:02", "text": "forever"}, {"start": "00:05:57", "end": "00:06:05", "text": "and M2 and then you get GDP and then you"}, {"start": "00:06:02", "end": "00:06:08", "text": "know what happens after you get GDP? Hm."}, {"start": "00:06:05", "end": "00:06:10", "text": ">> Liquidity turns into more jobs."}, {"start": "00:06:08", "end": "00:06:12", "text": "We're not doing that anymore. Um it"}, {"start": "00:06:10", "end": "00:06:14", "text": "turns into profits first and then it"}, {"start": "00:06:12", "end": "00:06:18", "text": "goes into there. So we have the S&P 500"}, {"start": "00:06:14", "end": "00:06:21", "text": "growing at 30% earnings and the hiring"}, {"start": "00:06:18", "end": "00:06:23", "text": "ex healthcare is negative over the last"}, {"start": "00:06:21", "end": "00:06:25", "text": "20 months. Think about that. We've had"}, {"start": "00:06:23", "end": "00:06:26", "text": "no job creation over the last 20 months"}, {"start": "00:06:25", "end": "00:06:29", "text": "except for healthcare"}, {"start": "00:06:26", "end": "00:06:31", "text": ">> fraud. Go ahead. So we have no job"}, {"start": "00:06:29", "end": "00:06:34", "text": "creation. How are we breaking it? So the"}, {"start": "00:06:31", "end": "00:06:36", "text": "the percentage of capital verse labor is"}, {"start": "00:06:34", "end": "00:06:39", "text": "now at at the worst in history for"}, {"start": "00:06:36", "end": "00:06:41", "text": "labor. So we've broken the liquidity"}, {"start": "00:06:39", "end": "00:06:44", "text": "mechanism. Now how is the stock market"}, {"start": "00:06:41", "end": "00:06:46", "text": "growing so fast? Because liquidity leads"}, {"start": "00:06:44", "end": "00:06:48", "text": "to nominal GDP. Nominal GDP is topline"}, {"start": "00:06:46", "end": "00:06:50", "text": "revenue. Money transaction. People get"}, {"start": "00:06:48", "end": "00:06:52", "text": "hired, they spend more money. How in"}, {"start": "00:06:50", "end": "00:06:54", "text": "God's name do we actually have this"}, {"start": "00:06:52", "end": "00:06:55", "text": "mechanism still working? And this is why"}, {"start": "00:06:54", "end": "00:06:58", "text": "the liquidity cycle is not about Bitcoin"}, {"start": "00:06:55", "end": "00:07:00", "text": "anymore. Liquidity cycle in 2009 began"}, {"start": "00:06:58", "end": "00:07:02", "text": "with the efficiency of productivity."}, {"start": "00:07:00", "end": "00:07:05", "text": "finally entering up. So the internet was"}, {"start": "00:07:02", "end": "00:07:08", "text": "born in 1994 in terms of when Netscape"}, {"start": "00:07:05", "end": "00:07:10", "text": "went public. Then we had the.com bubble."}, {"start": "00:07:08", "end": "00:07:11", "text": "That was the version of crypto that"}, {"start": "00:07:10", "end": "00:07:14", "text": "period into the dotcom bubble and after"}, {"start": "00:07:11", "end": "00:07:16", "text": "where we were building the rails for"}, {"start": "00:07:14", "end": "00:07:17", "text": "commerce. It didn't come until the"}, {"start": "00:07:16", "end": "00:07:18", "text": "smartphone came. And when the smartphone"}, {"start": "00:07:17", "end": "00:07:20", "text": "came, we had an explosion of"}, {"start": "00:07:18", "end": "00:07:22", "text": "productivity that showed up in profit"}, {"start": "00:07:20", "end": "00:07:24", "text": "margins. It did not show up in GDP, but"}, {"start": "00:07:22", "end": "00:07:25", "text": "I've talked about that. It's a horrible"}, {"start": "00:07:24", "end": "00:07:27", "text": "index for what we're dealing with with"}, {"start": "00:07:25", "end": "00:07:29", "text": "software and intangibles. But what is"}, {"start": "00:07:27", "end": "00:07:31", "text": "happening now is we've broken the"}, {"start": "00:07:29", "end": "00:07:34", "text": "liquidity mechanism. So I will say it"}, {"start": "00:07:31", "end": "00:07:36", "text": "again to everyone. We will be having"}, {"start": "00:07:34", "end": "00:07:38", "text": "more liquidity in the system but not"}, {"start": "00:07:36", "end": "00:07:40", "text": "through the liquidity measures that"}, {"start": "00:07:38", "end": "00:07:44", "text": "people talk about. Tokenization"}, {"start": "00:07:40", "end": "00:07:47", "text": "unleashes dormant assets $900 trillion"}, {"start": "00:07:44", "end": "00:07:48", "text": "of assets of which twothirds just sit"}, {"start": "00:07:47", "end": "00:07:50", "text": "and do nothing."}, {"start": "00:07:48", "end": "00:07:52", "text": ">> They will be used as collateral. They"}, {"start": "00:07:50", "end": "00:07:55", "text": "will be in daily transactions. You won't"}, {"start": "00:07:52", "end": "00:07:56", "text": "have to go to get a a a borrow money"}, {"start": "00:07:55", "end": "00:07:58", "text": "from your bank. It'll be programmable"}, {"start": "00:07:56", "end": "00:07:59", "text": "and stuff where you post something for a"}, {"start": "00:07:58", "end": "00:08:01", "text": "period of time, waiting for your"}, {"start": "00:07:59", "end": "00:08:03", "text": "receivables to come in and then it goes."}, {"start": "00:08:01", "end": "00:08:06", "text": "The whole system will be based on the"}, {"start": "00:08:03", "end": "00:08:07", "text": "velocity of money. So remember liquidity"}, {"start": "00:08:06", "end": "00:08:09", "text": "M2 is about the government putting money"}, {"start": "00:08:07", "end": "00:08:11", "text": "into the system. We have plenty of money"}, {"start": "00:08:09", "end": "00:08:12", "text": "to run the system not showing up in"}, {"start": "00:08:11", "end": "00:08:14", "text": "profit margins and showing in topline"}, {"start": "00:08:12", "end": "00:08:15", "text": "revenue."}, {"start": "00:08:14", "end": "00:08:16", "text": ">> Do you hear that right now?"}, {"start": "00:08:15", "end": "00:08:18", "text": ">> From whom? Me? Yes."}, {"start": "00:08:16", "end": "00:08:18", "text": ">> No, no, no, no. Do you hear? If you open"}, {"start": "00:08:18", "end": "00:08:19", "text": "your ear,"}, {"start": "00:08:18", "end": "00:08:20", "text": ">> yeah,"}, {"start": "00:08:19", "end": "00:08:21", "text": ">> it's everyone laughing at the Fed and"}, {"start": "00:08:20", "end": "00:08:23", "text": "saying, \"You thought you were going to"}, {"start": "00:08:21", "end": "00:08:25", "text": "tank the stock market. You thought you"}, {"start": "00:08:23", "end": "00:08:27", "text": "were going to slow us down. they're just"}, {"start": "00:08:25", "end": "00:08:30", "text": "pouring money in even though rates went"}, {"start": "00:08:27", "end": "00:08:32", "text": "up. And I think part of this is yes,"}, {"start": "00:08:30", "end": "00:08:34", "text": "there is less rate sensitivity in some"}, {"start": "00:08:32", "end": "00:08:38", "text": "of these names. But I also think that"}, {"start": "00:08:34", "end": "00:08:42", "text": "there is a fullblown psychological"}, {"start": "00:08:38", "end": "00:08:45", "text": "revolution that has occurred where run"}, {"start": "00:08:42", "end": "00:08:47", "text": "the counter uh example or analysis. What"}, {"start": "00:08:45", "end": "00:08:50", "text": "would have to happen for all of the"}, {"start": "00:08:47", "end": "00:08:54", "text": "people who are talking about stocks on X"}, {"start": "00:08:50", "end": "00:08:57", "text": "or on YouTube sit inside these firms to"}, {"start": "00:08:54", "end": "00:09:01", "text": "actually stop buying? I don't think I"}, {"start": "00:08:57", "end": "00:09:03", "text": "could think of a single thing that could"}, {"start": "00:09:01", "end": "00:09:05", "text": "occur that could get them to stop buying"}, {"start": "00:09:03", "end": "00:09:08", "text": "because probably the single worst thing"}, {"start": "00:09:05", "end": "00:09:10", "text": "that could have happened happened in"}, {"start": "00:09:08", "end": "00:09:12", "text": "2020. They locked everyone in their"}, {"start": "00:09:10", "end": "00:09:15", "text": "houses. They stopped the velocity of"}, {"start": "00:09:12", "end": "00:09:17", "text": "money and they basically froze the world"}, {"start": "00:09:15", "end": "00:09:19", "text": "as best they could"}, {"start": "00:09:17", "end": "00:09:21", "text": "and stocks ended the year higher than"}, {"start": "00:09:19", "end": "00:09:23", "text": "they started."}, {"start": "00:09:21", "end": "00:09:25", "text": ">> So if you think of that, it just was"}, {"start": "00:09:23", "end": "00:09:26", "text": "like we pulled back the curtain like"}, {"start": "00:09:25", "end": "00:09:30", "text": "Wizard of Oz style and everyone's like,"}, {"start": "00:09:26", "end": "00:09:33", "text": "\"Wait a minute. No matter what happens,"}, {"start": "00:09:30", "end": "00:09:35", "text": "if you keep buying stocks,"}, {"start": "00:09:33", "end": "00:09:37", "text": "you're going to make money.\" And it"}, {"start": "00:09:35", "end": "00:09:38", "text": "feels like that actually broke the"}, {"start": "00:09:37", "end": "00:09:40", "text": "market almost more than anything else."}, {"start": "00:09:38", "end": "00:09:41", "text": "And that's why maybe interest rates like"}, {"start": "00:09:40", "end": "00:09:43", "text": "all of this stuff like the innovation"}, {"start": "00:09:41", "end": "00:09:45", "text": "thing is big"}, {"start": "00:09:43", "end": "00:09:48", "text": ">> but the psychology piece feels like it"}, {"start": "00:09:45", "end": "00:09:50", "text": "is a huge piece of it as well."}, {"start": "00:09:48", "end": "00:09:54", "text": ">> All right. So"}, {"start": "00:09:50", "end": "00:09:55", "text": "rather than like"}, {"start": "00:09:54", "end": "00:09:56", "text": ">> do you disagree?"}, {"start": "00:09:55", "end": "00:09:58", "text": ">> No no no I agree. In fact I'm going to"}, {"start": "00:09:56", "end": "00:10:00", "text": "I'm going to take it to a higher"}, {"start": "00:09:58", "end": "00:10:04", "text": "extreme."}, {"start": "00:10:00", "end": "00:10:07", "text": ">> So in 2020 we shut down the economy."}, {"start": "00:10:04", "end": "00:10:09", "text": ">> Are you about to out crazy me? Well, I'm"}, {"start": "00:10:07", "end": "00:10:12", "text": "about to take you through a timeline of"}, {"start": "00:10:09", "end": "00:10:13", "text": "let's assume it's back at December 31st"}, {"start": "00:10:12", "end": "00:10:14", "text": "of 2019."}, {"start": "00:10:13", "end": "00:10:15", "text": ">> Okay."}, {"start": "00:10:14", "end": "00:10:17", "text": ">> Okay. We're going to shut the economy"}, {"start": "00:10:15", "end": "00:10:19", "text": "for a period of time. Assets are going"}, {"start": "00:10:17", "end": "00:10:23", "text": "to collapse significantly."}, {"start": "00:10:19", "end": "00:10:25", "text": ">> Um yields, credit yields for almost all"}, {"start": "00:10:23", "end": "00:10:27", "text": "corporate credits, IG, are going to go"}, {"start": "00:10:25", "end": "00:10:29", "text": "to double digits."}, {"start": "00:10:27", "end": "00:10:31", "text": ">> And yes, we end we end that year with"}, {"start": "00:10:29", "end": "00:10:33", "text": "stocks higher somehow."}, {"start": "00:10:31", "end": "00:10:35", "text": "Everyone's worried about dying. Truly"}, {"start": "00:10:33", "end": "00:10:37", "text": "dying. Not the AI is going to kill us"}, {"start": "00:10:35", "end": "00:10:38", "text": "all, but truly we're watching people"}, {"start": "00:10:37", "end": "00:10:40", "text": "die. We're watching the hospitals be"}, {"start": "00:10:38", "end": "00:10:43", "text": "overrun. And yet the stock market's up."}, {"start": "00:10:40", "end": "00:10:47", "text": ">> Then we get to 2022."}, {"start": "00:10:43", "end": "00:10:49", "text": "We go from 0% rates to five aggressively"}, {"start": "00:10:47", "end": "00:10:52", "text": "like never before and inflation is"}, {"start": "00:10:49", "end": "00:10:54", "text": "double digits. The market that year is"}, {"start": "00:10:52", "end": "00:10:57", "text": "down, but very quickly the following"}, {"start": "00:10:54", "end": "00:10:59", "text": "year, despite the fact that in 2023, we"}, {"start": "00:10:57", "end": "00:11:02", "text": "also have Silicon Valley Bank goes out"}, {"start": "00:10:59", "end": "00:11:05", "text": "of business. M the largest bank that"}, {"start": "00:11:02", "end": "00:11:07", "text": "goes from they're healthy to zero ever"}, {"start": "00:11:05", "end": "00:11:08", "text": "and we start seeing money leave the"}, {"start": "00:11:07", "end": "00:11:10", "text": "banking system. It's leaving all small"}, {"start": "00:11:08", "end": "00:11:12", "text": "banks. We're getting many small bank"}, {"start": "00:11:10", "end": "00:11:16", "text": "closures. We finish that year higher in"}, {"start": "00:11:12", "end": "00:11:18", "text": "the year. Then we get a new president."}, {"start": "00:11:16", "end": "00:11:19", "text": "We go into 2025. We're going to go back"}, {"start": "00:11:18", "end": "00:11:22", "text": "to Smoot Holly and we're going to put"}, {"start": "00:11:19", "end": "00:11:25", "text": "tariffs on everything. Massive tariffs."}, {"start": "00:11:22", "end": "00:11:30", "text": "Everyone calls for another recession."}, {"start": "00:11:25", "end": "00:11:32", "text": "So let's take that period there."}, {"start": "00:11:30", "end": "00:11:36", "text": "There's no recession during all of those"}, {"start": "00:11:32", "end": "00:11:38", "text": "events in especially the 2022 one where"}, {"start": "00:11:36", "end": "00:11:40", "text": "we raised aggressively and everyone said"}, {"start": "00:11:38", "end": "00:11:42", "text": "this is going to be a problem. This is"}, {"start": "00:11:40", "end": "00:11:44", "text": "it. It was a guaranteed recession. The"}, {"start": "00:11:42", "end": "00:11:45", "text": "Fed was saying sell your stocks."}, {"start": "00:11:44", "end": "00:11:48", "text": ">> Mhm."}, {"start": "00:11:45", "end": "00:11:50", "text": ">> Then you get to this year we shut down"}, {"start": "00:11:48", "end": "00:11:53", "text": "the straight of Hormuz."}, {"start": "00:11:50", "end": "00:11:56", "text": "So, Smoot Holy, straight of horm, bank"}, {"start": "00:11:53", "end": "00:11:58", "text": "runs, uh, a pandemic, and the most"}, {"start": "00:11:56", "end": "00:12:01", "text": "aggressive Fed rate hikes in history, no"}, {"start": "00:11:58", "end": "00:12:05", "text": "recessions. So, now we're going to worry"}, {"start": "00:12:01", "end": "00:12:06", "text": "about a 25 basis point move by the Fed."}, {"start": "00:12:05", "end": "00:12:09", "text": ">> A raise for ants."}, {"start": "00:12:06", "end": "00:12:11", "text": ">> Yeah, that is discounted in the market"}, {"start": "00:12:09", "end": "00:12:13", "text": "ahead of them doing it. Oh my god, they"}, {"start": "00:12:11", "end": "00:12:15", "text": "raised rates. It was a hawkish Fed rate"}, {"start": "00:12:13", "end": "00:12:18", "text": "hike. So, I think people are missing the"}, {"start": "00:12:15", "end": "00:12:20", "text": "bigger story. The bigger story is we are"}, {"start": "00:12:18", "end": "00:12:21", "text": "in a productivity boom showing through"}, {"start": "00:12:20", "end": "00:12:24", "text": "profit margins. We are not hiring human"}, {"start": "00:12:21", "end": "00:12:27", "text": "beings. We're in a point we're in go. We"}, {"start": "00:12:24", "end": "00:12:29", "text": "have a cancer vaccine that comes out."}, {"start": "00:12:27", "end": "00:12:32", "text": "And as I'm going to show this weekend,"}, {"start": "00:12:29", "end": "00:12:36", "text": "when we say humanity is going to die,"}, {"start": "00:12:32", "end": "00:12:39", "text": "170 million views,"}, {"start": "00:12:36", "end": "00:12:41", "text": "the Matt Schumer article about all jobs,"}, {"start": "00:12:39", "end": "00:12:43", "text": "the Catrini article about no job, about"}, {"start": "00:12:41", "end": "00:12:48", "text": "all jobs being lost,"}, {"start": "00:12:43", "end": "00:12:51", "text": "20, 30, 40 million cancer vaccine, 10."}, {"start": "00:12:48", "end": "00:12:53", "text": "Nobody wants to hear about the good news"}, {"start": "00:12:51", "end": "00:12:55", "text": "that's coming from AI. They only want to"}, {"start": "00:12:53", "end": "00:12:57", "text": "hear about the bad news. So for all of"}, {"start": "00:12:55", "end": "00:12:59", "text": "you listening playing this stupid game"}, {"start": "00:12:57", "end": "00:13:01", "text": "of the people telling you that the"}, {"start": "00:12:59", "end": "00:13:03", "text": "market's going to crash because AI is"}, {"start": "00:13:01", "end": "00:13:05", "text": "this or this is this or the debt is"}, {"start": "00:13:03", "end": "00:13:07", "text": "coming or all this the market has"}, {"start": "00:13:05", "end": "00:13:08", "text": "discounted all of scenarios they've said"}, {"start": "00:13:07", "end": "00:13:10", "text": "because the PE multiple has gone down"}, {"start": "00:13:08", "end": "00:13:12", "text": "this year while earnings have gone"}, {"start": "00:13:10", "end": "00:13:14", "text": "higher. So I just think people have are"}, {"start": "00:13:12", "end": "00:13:16", "text": "overestimating constantly the"}, {"start": "00:13:14", "end": "00:13:19", "text": "sensitivity that all of these linear"}, {"start": "00:13:16", "end": "00:13:21", "text": "things of the past Smoot Holly oil"}, {"start": "00:13:19", "end": "00:13:22", "text": "interest rates all of this stuff are"}, {"start": "00:13:21", "end": "00:13:25", "text": "going to take down the world and they've"}, {"start": "00:13:22", "end": "00:13:27", "text": "done it repeatedly and it hasn't"}, {"start": "00:13:25", "end": "00:13:29", "text": "happened. What is happening right now is"}, {"start": "00:13:27", "end": "00:13:31", "text": "the most unbelievable technology is"}, {"start": "00:13:29", "end": "00:13:33", "text": "making things better and better for us"}, {"start": "00:13:31", "end": "00:13:35", "text": "every day solving math problems that"}, {"start": "00:13:33", "end": "00:13:37", "text": "have been around since before Einstein."}, {"start": "00:13:35", "end": "00:13:39", "text": "This is happening regularly and it's"}, {"start": "00:13:37", "end": "00:13:42", "text": "only going to accelerate from here. So,"}, {"start": "00:13:39", "end": "00:13:46", "text": "two things. Um, there was no recession"}, {"start": "00:13:42", "end": "00:13:49", "text": "because not only um is there less"}, {"start": "00:13:46", "end": "00:13:51", "text": "sensitivity to this stuff, but also it's"}, {"start": "00:13:49", "end": "00:13:53", "text": "rigged. If you remember, we had two"}, {"start": "00:13:51", "end": "00:13:55", "text": "quarters of negative GDP growth during"}, {"start": "00:13:53", "end": "00:13:57", "text": "that period. They just said, \"Oh, that's"}, {"start": "00:13:55", "end": "00:13:58", "text": "not really a recession cuz we have a"}, {"start": "00:13:57", "end": "00:14:00", "text": "monopoly on being able to call a"}, {"start": "00:13:58", "end": "00:14:04", "text": "recession versus not.\" Now, the reason I"}, {"start": "00:14:00", "end": "00:14:07", "text": "say that is it was quote unquote so bad"}, {"start": "00:14:04", "end": "00:14:08", "text": "yet they wouldn't acknowledge what was"}, {"start": "00:14:07", "end": "00:14:10", "text": "happening because I actually think that"}, {"start": "00:14:08", "end": "00:14:12", "text": "they understand this. They understand"}, {"start": "00:14:10", "end": "00:14:14", "text": "that the market cannot go down for"}, {"start": "00:14:12", "end": "00:14:15", "text": "prolonged periods of time. And I"}, {"start": "00:14:14", "end": "00:14:18", "text": "continue to say I don't think we're"}, {"start": "00:14:15", "end": "00:14:19", "text": "going to get like an 18-month recession."}, {"start": "00:14:18", "end": "00:14:21", "text": "I don't think I'll see that again in my"}, {"start": "00:14:19", "end": "00:14:22", "text": "lifetime. And the traditionalists will"}, {"start": "00:14:21", "end": "00:14:24", "text": "get very upset and say what are you"}, {"start": "00:14:22", "end": "00:14:26", "text": "talking about, etc."}, {"start": "00:14:24", "end": "00:14:28", "text": "Some of it is innovation and"}, {"start": "00:14:26", "end": "00:14:30", "text": "productivity driven. Some of it is just"}, {"start": "00:14:28", "end": "00:14:32", "text": "they have a monetary bazooka that they"}, {"start": "00:14:30", "end": "00:14:34", "text": "are willing to fire at the market"}, {"start": "00:14:32", "end": "00:14:37", "text": "whenever it is needed. The second piece"}, {"start": "00:14:34", "end": "00:14:40", "text": "of this is we are creating jobs in"}, {"start": "00:14:37", "end": "00:14:42", "text": "America. We're just not creating human"}, {"start": "00:14:40", "end": "00:14:45", "text": "jobs. And I think that we've talked"}, {"start": "00:14:42", "end": "00:14:47", "text": "about this in the past where at take our"}, {"start": "00:14:45", "end": "00:14:50", "text": "public company, there are less than 15"}, {"start": "00:14:47", "end": "00:14:54", "text": "humans that work there."}, {"start": "00:14:50", "end": "00:14:56", "text": "We may have close to 100 digital AI"}, {"start": "00:14:54", "end": "00:14:58", "text": "agent employees. I don't know what the"}, {"start": "00:14:56", "end": "00:15:00", "text": "exact number is, but it is multiples of"}, {"start": "00:14:58", "end": "00:15:03", "text": "the humans"}, {"start": "00:15:00", "end": "00:15:05", "text": ">> to the point where just on one system in"}, {"start": "00:15:03", "end": "00:15:08", "text": "Grockbot, I don't know, I probably have"}, {"start": "00:15:05", "end": "00:15:09", "text": "10 or 15 bots just there myself. And so"}, {"start": "00:15:08", "end": "00:15:11", "text": "you look at that and you say to"}, {"start": "00:15:09", "end": "00:15:13", "text": "yourself,"}, {"start": "00:15:11", "end": "00:15:16", "text": "do the economic measurements need to"}, {"start": "00:15:13", "end": "00:15:18", "text": "change? Do are we going to have to"}, {"start": "00:15:16", "end": "00:15:20", "text": "re-calibrate how we think about the"}, {"start": "00:15:18", "end": "00:15:23", "text": "health of the US economy? Because to"}, {"start": "00:15:20", "end": "00:15:26", "text": "your point, we're looking at outdated"}, {"start": "00:15:23", "end": "00:15:28", "text": "metrics to measure this."}, {"start": "00:15:26", "end": "00:15:30", "text": "If you keep looking at those metrics"}, {"start": "00:15:28", "end": "00:15:31", "text": "trying to invest in the future, I you're"}, {"start": "00:15:30", "end": "00:15:32", "text": "going to struggle. And I think that's,"}, {"start": "00:15:31", "end": "00:15:34", "text": "you know, your ma your major point here."}, {"start": "00:15:32", "end": "00:15:37", "text": "It's just like you are going to struggle"}, {"start": "00:15:34", "end": "00:15:38", "text": "to invest using these metrics."}, {"start": "00:15:37", "end": "00:15:41", "text": "So what should they do? Should they"}, {"start": "00:15:38", "end": "00:15:43", "text": "create new ones? Should they evolve the"}, {"start": "00:15:41", "end": "00:15:45", "text": "definition of these? Like what are you"}, {"start": "00:15:43", "end": "00:15:46", "text": "doing with these metrics? And how are"}, {"start": "00:15:45", "end": "00:15:48", "text": "you thinking about them differently so"}, {"start": "00:15:46", "end": "00:15:51", "text": "that you can invest going forward? Well,"}, {"start": "00:15:48", "end": "00:15:52", "text": "I know that these metrics are wrong for"}, {"start": "00:15:51", "end": "00:15:54", "text": "where we are today. And unfortunately, I"}, {"start": "00:15:52", "end": "00:15:59", "text": "know they're going to get more wrong"}, {"start": "00:15:54", "end": "00:16:02", "text": "going forward. Um, let's just I"}, {"start": "00:15:59", "end": "00:16:04", "text": "very seldom do I remember a month like"}, {"start": "00:16:02", "end": "00:16:06", "text": "this month in my life where all of the"}, {"start": "00:16:04", "end": "00:16:09", "text": "dots come together and it's all related"}, {"start": "00:16:06", "end": "00:16:11", "text": "to AI agents. The Navier Stokes thing"}, {"start": "00:16:09", "end": "00:16:13", "text": "for people, they should understand and"}, {"start": "00:16:11", "end": "00:16:16", "text": "I'm going to put it into um a way that"}, {"start": "00:16:13", "end": "00:16:18", "text": "everyone can can comprehend the"}, {"start": "00:16:16", "end": "00:16:20", "text": "importance of it. So, and this will get"}, {"start": "00:16:18", "end": "00:16:22", "text": "into your point about how statistics"}, {"start": "00:16:20", "end": "00:16:24", "text": "don't fit. And this will end with Eli"}, {"start": "00:16:22", "end": "00:16:26", "text": "Liy. Okay. So, we'll go from Navier"}, {"start": "00:16:24", "end": "00:16:28", "text": "Stokes and I'll end with Eli Liy. I had"}, {"start": "00:16:26", "end": "00:16:29", "text": "no plan for this, but my brain just"}, {"start": "00:16:28", "end": "00:16:31", "text": "popped Eli Liy into my head and said,"}, {"start": "00:16:29", "end": "00:16:33", "text": "\"Let's do that.\" So, Navier Stokes."}, {"start": "00:16:31", "end": "00:16:35", "text": "Let's go for a ride. Jordy."}, {"start": "00:16:33", "end": "00:16:36", "text": ">> Yeah. You you you've been around me now"}, {"start": "00:16:35", "end": "00:16:37", "text": "long enough. I can go for a good five"}, {"start": "00:16:36", "end": "00:16:39", "text": "minutes now and give you something you"}, {"start": "00:16:37", "end": "00:16:41", "text": "haven't thought. So let's take Navier"}, {"start": "00:16:39", "end": "00:16:44", "text": "Stokes and rather than go through what"}, {"start": "00:16:41", "end": "00:16:46", "text": "it is and bore people with fluid"}, {"start": "00:16:44", "end": "00:16:49", "text": "dynamics. Let's just view it as it's a"}, {"start": "00:16:46", "end": "00:16:51", "text": "math problem that has existed for a long"}, {"start": "00:16:49", "end": "00:16:52", "text": "time that if you've seen Goodwill"}, {"start": "00:16:51", "end": "00:16:53", "text": "Hunting,"}, {"start": "00:16:52", "end": "00:16:53", "text": ">> you've seen it?"}, {"start": "00:16:53", "end": "00:16:55", "text": ">> Yes."}, {"start": "00:16:53", "end": "00:16:57", "text": ">> One of my favorite movies. So you"}, {"start": "00:16:55", "end": "00:17:00", "text": "remember um the professor who was"}, {"start": "00:16:57", "end": "00:17:01", "text": "working with Nat Damon, he won the Field"}, {"start": "00:17:00", "end": "00:17:02", "text": "Medal,"}, {"start": "00:17:01", "end": "00:17:06", "text": ">> which is basically like the Nobel Prize"}, {"start": "00:17:02", "end": "00:17:10", "text": "for mathematics. So this is a big deal"}, {"start": "00:17:06", "end": "00:17:12", "text": "these these math problems. So"}, {"start": "00:17:10", "end": "00:17:15", "text": "OpenAI releases that they've solved it."}, {"start": "00:17:12", "end": "00:17:17", "text": "Now humans get mad. Some say they're"}, {"start": "00:17:15", "end": "00:17:20", "text": "copying it. Whatever. I'll get into that"}, {"start": "00:17:17", "end": "00:17:23", "text": "with Eli Liy. But the main point is"}, {"start": "00:17:20", "end": "00:17:27", "text": "they had 10,000 agents"}, {"start": "00:17:23", "end": "00:17:28", "text": "deal with the problem. Now if you ask me"}, {"start": "00:17:27", "end": "00:17:29", "text": "could this problem have been solved by"}, {"start": "00:17:28", "end": "00:17:31", "text": "humans? I will be the first one to say"}, {"start": "00:17:29", "end": "00:17:33", "text": "absolutely it could have been solved by"}, {"start": "00:17:31", "end": "00:17:34", "text": "humans. The question is not could it"}, {"start": "00:17:33", "end": "00:17:36", "text": "have been solved by humans instead of"}, {"start": "00:17:34", "end": "00:17:40", "text": "AI. The answer is of course it could."}, {"start": "00:17:36", "end": "00:17:42", "text": "What's the problem? The problem is"}, {"start": "00:17:40", "end": "00:17:44", "text": "if you want the fields metal, you can't"}, {"start": "00:17:42", "end": "00:17:45", "text": "be sharing your information and your"}, {"start": "00:17:44", "end": "00:17:47", "text": "great things. So you just kind of lock"}, {"start": "00:17:45", "end": "00:17:48", "text": "yourself in a box and you try to solve"}, {"start": "00:17:47", "end": "00:17:51", "text": "the problem. You know what that'll"}, {"start": "00:17:48", "end": "00:17:52", "text": "remind people of? The movie Oppenheimer."}, {"start": "00:17:51", "end": "00:17:54", "text": "You had Grove. You had Oppenheimer."}, {"start": "00:17:52", "end": "00:17:56", "text": "Groves want he wanted everyone to go"}, {"start": "00:17:54", "end": "00:17:57", "text": "into their own little place. You're"}, {"start": "00:17:56", "end": "00:17:59", "text": "going to work on metals. You're going to"}, {"start": "00:17:57", "end": "00:18:00", "text": "work and then you guys will come"}, {"start": "00:17:59", "end": "00:18:02", "text": "together with your findings. And what"}, {"start": "00:18:00", "end": "00:18:05", "text": "did Oppenheimer say? No, no, no. I want"}, {"start": "00:18:02", "end": "00:18:07", "text": "all of the scientists together. Because"}, {"start": "00:18:05", "end": "00:18:08", "text": "I think if you take a bunch of brains"}, {"start": "00:18:07", "end": "00:18:10", "text": "together and they brainstorm together,"}, {"start": "00:18:08", "end": "00:18:12", "text": "you're going to get to a solution there."}, {"start": "00:18:10", "end": "00:18:13", "text": "As long as the egos are checked at the"}, {"start": "00:18:12", "end": "00:18:16", "text": "door and you guys are working towards"}, {"start": "00:18:13", "end": "00:18:17", "text": "the same problem. AI agents don't have"}, {"start": "00:18:16", "end": "00:18:19", "text": "human greed. They don't have this. So"}, {"start": "00:18:17", "end": "00:18:20", "text": "they're able to save problems not"}, {"start": "00:18:19", "end": "00:18:22", "text": "through their just their tireless work"}, {"start": "00:18:20", "end": "00:18:25", "text": "and their intelligence, but also through"}, {"start": "00:18:22", "end": "00:18:27", "text": "the collaboration. So 10,000 agents work"}, {"start": "00:18:25", "end": "00:18:29", "text": "together. They're set on different paths"}, {"start": "00:18:27", "end": "00:18:31", "text": "just like Oppenheimer. They come back"}, {"start": "00:18:29", "end": "00:18:32", "text": "with solutions, then they work and they"}, {"start": "00:18:31", "end": "00:18:34", "text": "go to the next one, next one until they"}, {"start": "00:18:32", "end": "00:18:36", "text": "solve the problem. The reason that"}, {"start": "00:18:34", "end": "00:18:38", "text": "eventually leads to Eli Lillian gets"}, {"start": "00:18:36", "end": "00:18:40", "text": "back to your point"}, {"start": "00:18:38", "end": "00:18:42", "text": "that this is the beginning cuz we didn't"}, {"start": "00:18:40", "end": "00:18:46", "text": "have this capability 6 months ago."}, {"start": "00:18:42", "end": "00:18:49", "text": ">> That is why the hugging face hacking the"}, {"start": "00:18:46", "end": "00:18:52", "text": "human 10 10% chance humanity dies. It's"}, {"start": "00:18:49", "end": "00:18:54", "text": "related to the agents getting so good"}, {"start": "00:18:52", "end": "00:18:55", "text": "that they could break into the internet,"}, {"start": "00:18:54", "end": "00:18:56", "text": "create their own thing, bust the"}, {"start": "00:18:55", "end": "00:18:58", "text": "internet, and everything will dissolve"}, {"start": "00:18:56", "end": "00:19:00", "text": "and you can hack into everything on the"}, {"start": "00:18:58", "end": "00:19:02", "text": "planet. But at the same time, you can"}, {"start": "00:19:00", "end": "00:19:04", "text": "solve a problem that's been around since"}, {"start": "00:19:02", "end": "00:19:07", "text": "before Einstein."}, {"start": "00:19:04", "end": "00:19:09", "text": "There were 600, I think, Brainiacs as"}, {"start": "00:19:07", "end": "00:19:12", "text": "part of the Manhattan Project. This was"}, {"start": "00:19:09", "end": "00:19:13", "text": "10,000 brainiacs. It'll be a million."}, {"start": "00:19:12", "end": "00:19:15", "text": "So, what problems can't we solve? That's"}, {"start": "00:19:13", "end": "00:19:16", "text": "why the cancer vaccine, all of this"}, {"start": "00:19:15", "end": "00:19:19", "text": "stuff will end up being a part of it."}, {"start": "00:19:16", "end": "00:19:21", "text": "And this is why I say to Eli Lily, \"So"}, {"start": "00:19:19", "end": "00:19:22", "text": "what does that mean?\" Every human"}, {"start": "00:19:21", "end": "00:19:25", "text": "attempt to solve a great problem that"}, {"start": "00:19:22", "end": "00:19:26", "text": "gets up to the 20 yard line. They're in"}, {"start": "00:19:25", "end": "00:19:28", "text": "the red zone. You're putting the red"}, {"start": "00:19:26", "end": "00:19:31", "text": "zone on on on TV and you're like, \"Okay,"}, {"start": "00:19:28", "end": "00:19:32", "text": "I'm going to watch the touchdown.\" These"}, {"start": "00:19:31", "end": "00:19:33", "text": "touchdowns are going to be happening."}, {"start": "00:19:32", "end": "00:19:35", "text": "The red zone is going to be very busy"}, {"start": "00:19:33", "end": "00:19:37", "text": "because AI agents are going to finish"}, {"start": "00:19:35", "end": "00:19:39", "text": "that last part that five humans, 10"}, {"start": "00:19:37", "end": "00:19:41", "text": "humans, they shared information, but it"}, {"start": "00:19:39", "end": "00:19:43", "text": "wasn't viral. It wasn't everyone on the"}, {"start": "00:19:41", "end": "00:19:45", "text": "planet. So it's not the human beings. If"}, {"start": "00:19:43", "end": "00:19:46", "text": "you stuck 160 IQ people in a room,"}, {"start": "00:19:45", "end": "00:19:48", "text": "10,000 of them, they'd be able to solve"}, {"start": "00:19:46", "end": "00:19:50", "text": "the problem. The problem is we don't"}, {"start": "00:19:48", "end": "00:19:53", "text": "have that. So where Eli Liy figured this"}, {"start": "00:19:50", "end": "00:19:56", "text": "out is they're like that means all of"}, {"start": "00:19:53", "end": "00:19:58", "text": "this dormant IP that exists, all these"}, {"start": "00:19:56", "end": "00:20:01", "text": "biotech companies, they've got something"}, {"start": "00:19:58", "end": "00:20:03", "text": "that people invested in. Let's go"}, {"start": "00:20:01", "end": "00:20:05", "text": "through all of their stuff and see which"}, {"start": "00:20:03", "end": "00:20:07", "text": "public information on their research is"}, {"start": "00:20:05", "end": "00:20:09", "text": "worth something and let's finish it."}, {"start": "00:20:07", "end": "00:20:11", "text": "Let's let's get a cancer cure. Let's get"}, {"start": "00:20:09", "end": "00:20:13", "text": "something for cholesterol. This is why I"}, {"start": "00:20:11", "end": "00:20:14", "text": "say we're entering a period where the"}, {"start": "00:20:13", "end": "00:20:16", "text": "statistics of what happened that human"}, {"start": "00:20:14", "end": "00:20:20", "text": "beings solve problems that human beings"}, {"start": "00:20:16", "end": "00:20:22", "text": "drove growth it's over. So GDP cannot"}, {"start": "00:20:20", "end": "00:20:24", "text": "like longevity increasing longevity"}, {"start": "00:20:22", "end": "00:20:28", "text": "nobody dying from cancer how does that"}, {"start": "00:20:24", "end": "00:20:30", "text": "impact GDP you have to think really hard"}, {"start": "00:20:28", "end": "00:20:34", "text": "to go through if everyone lives another"}, {"start": "00:20:30", "end": "00:20:35", "text": "75 years healthy what does that mean? So"}, {"start": "00:20:34", "end": "00:20:36", "text": "I'm going to bring it back one more time"}, {"start": "00:20:35", "end": "00:20:37", "text": "and make sure people hear this. This is"}, {"start": "00:20:36", "end": "00:20:38", "text": "the reason why I use the stock market."}, {"start": "00:20:37", "end": "00:20:41", "text": "There's the reason why when you read"}, {"start": "00:20:38", "end": "00:20:43", "text": "Stan Duck Miller and he says"}, {"start": "00:20:41", "end": "00:20:45", "text": "the best economist in the world stock"}, {"start": "00:20:43", "end": "00:20:47", "text": "market. I believe that too. Rates and"}, {"start": "00:20:45", "end": "00:20:51", "text": "oil are higher. This is bad for the"}, {"start": "00:20:47", "end": "00:20:53", "text": "stock market. The stock market is down"}, {"start": "00:20:51", "end": "00:20:55", "text": "since those two went higher. But you"}, {"start": "00:20:53", "end": "00:20:57", "text": "know what part of it is? It's anything"}, {"start": "00:20:55", "end": "00:21:00", "text": "related to home building, anything"}, {"start": "00:20:57", "end": "00:21:01", "text": "related to consumer staples, anything."}, {"start": "00:21:00", "end": "00:21:03", "text": "If you go through and you look, and I'll"}, {"start": "00:21:01", "end": "00:21:06", "text": "be showing that this weekend, okay guys,"}, {"start": "00:21:03", "end": "00:21:08", "text": "their earnings are down. The problem is"}, {"start": "00:21:06", "end": "00:21:09", "text": "it doesn't change Micron's earnings. It"}, {"start": "00:21:08", "end": "00:21:13", "text": "doesn't change Google's earnings."}, {"start": "00:21:09", "end": "00:21:15", "text": ">> AIQ, the uh AI ETF is up, I think I"}, {"start": "00:21:13", "end": "00:21:18", "text": "looked this morning, 25% year-to- date."}, {"start": "00:21:15", "end": "00:21:19", "text": ">> And that so the problem is oil and rates"}, {"start": "00:21:18", "end": "00:21:21", "text": "are having an impact, but they're having"}, {"start": "00:21:19", "end": "00:21:23", "text": "an impact on the economy that existed"}, {"start": "00:21:21", "end": "00:21:26", "text": "before. So when you're listening to an"}, {"start": "00:21:23", "end": "00:21:29", "text": "economist who went to Harvard and he was"}, {"start": "00:21:26", "end": "00:21:31", "text": "trained really well, he studied history."}, {"start": "00:21:29", "end": "00:21:32", "text": "Are you going to tell that person that"}, {"start": "00:21:31", "end": "00:21:34", "text": "spent all this money and all this time"}, {"start": "00:21:32", "end": "00:21:35", "text": "and has been told for years how"}, {"start": "00:21:34", "end": "00:21:36", "text": "brilliant they are and all of a sudden"}, {"start": "00:21:35", "end": "00:21:38", "text": "you're going to say, \"Hey, everything"}, {"start": "00:21:36", "end": "00:21:38", "text": "you learned is worthless.\" Of course"}, {"start": "00:21:38", "end": "00:21:39", "text": "not."}, {"start": "00:21:38", "end": "00:21:40", "text": ">> Well, I've been saying that on the"}, {"start": "00:21:39", "end": "00:21:42", "text": "internet for a long time and they"}, {"start": "00:21:40", "end": "00:21:43", "text": "they're not listening. But yeah,"}, {"start": "00:21:42", "end": "00:21:45", "text": ">> but that's the whole point is that"}, {"start": "00:21:43", "end": "00:21:47", "text": "luckily my father I've said this before."}, {"start": "00:21:45", "end": "00:21:48", "text": "My father told me at a young age, don't"}, {"start": "00:21:47", "end": "00:21:49", "text": "believe anything you hear from anywhere."}, {"start": "00:21:48", "end": "00:21:52", "text": ">> Yeah."}, {"start": "00:21:49", "end": "00:21:54", "text": ">> Adjust your odds on predictions of the"}, {"start": "00:21:52", "end": "00:21:56", "text": "future based on a basian philosophy."}, {"start": "00:21:54", "end": "00:21:58", "text": "There's new information. The problem is"}, {"start": "00:21:56", "end": "00:22:00", "text": "in my experience having worked with very"}, {"start": "00:21:58", "end": "00:22:02", "text": "smart people the more educated the more"}, {"start": "00:22:00", "end": "00:22:03", "text": "stubborn and less likely to change your"}, {"start": "00:22:02", "end": "00:22:05", "text": "views that has been the number one"}, {"start": "00:22:03", "end": "00:22:07", "text": "biggest negative with cryp for crypto"}, {"start": "00:22:05", "end": "00:22:09", "text": "because for all you crypto fans out"}, {"start": "00:22:07", "end": "00:22:11", "text": "there who controls the world's money the"}, {"start": "00:22:09", "end": "00:22:12", "text": "world's money is controlled for the most"}, {"start": "00:22:11", "end": "00:22:14", "text": "part"}, {"start": "00:22:12", "end": "00:22:16", "text": ">> by the most educated people so why"}, {"start": "00:22:14", "end": "00:22:18", "text": "believe in something that you don't need"}, {"start": "00:22:16", "end": "00:22:20", "text": "to use Michael Sailor's coin Bitcoin"}, {"start": "00:22:18", "end": "00:22:22", "text": "finds you eventually this episode is"}, {"start": "00:22:20", "end": "00:22:24", "text": "brought to you by Lava the Lava card is"}, {"start": "00:22:22", "end": "00:22:26", "text": "the first credit card that allows you to"}, {"start": "00:22:24", "end": "00:22:29", "text": "earn up to 5% back in Bitcoin on every"}, {"start": "00:22:26", "end": "00:22:31", "text": "single purchase. 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On top"}, {"start": "00:22:42", "end": "00:22:45", "text": "of that, Lava gives you access to a"}, {"start": "00:22:43", "end": "00:22:47", "text": "Bitcoin line of credit, yield on cash,"}, {"start": "00:22:45", "end": "00:22:49", "text": "instant stable coin deposits and"}, {"start": "00:22:47", "end": "00:22:51", "text": "withdrawals, on and off ramps to and"}, {"start": "00:22:49", "end": "00:22:53", "text": "from your bank account, and much, much"}, {"start": "00:22:51", "end": "00:22:55", "text": "more. With Lava, you can borrow against"}, {"start": "00:22:53", "end": "00:22:57", "text": "your Bitcoin at the lowest rates, earn"}, {"start": "00:22:55", "end": "00:22:59", "text": "yield, move money globally, and stack"}, {"start": "00:22:57", "end": "00:23:01", "text": "Bitcoin with each and every purchase you"}, {"start": "00:22:59", "end": "00:23:03", "text": "make. Most financial services squeeze"}, {"start": "00:23:01", "end": "00:23:05", "text": "you with high fees, confusing rewards"}, {"start": "00:23:03", "end": "00:23:07", "text": "programs. Lava keeps it simple, and they"}, {"start": "00:23:05", "end": "00:23:10", "text": "help you build your long-term savings"}, {"start": "00:23:07", "end": "00:23:12", "text": "via your everyday spend. Visit"}, {"start": "00:23:10", "end": "00:23:14", "text": "lava.xyz/pump"}, {"start": "00:23:12", "end": "00:23:17", "text": "to get started in just a few minutes"}, {"start": "00:23:14", "end": "00:23:19", "text": "today. lava.xyz/pom"}, {"start": "00:23:17", "end": "00:23:21", "text": "to get started today."}, {"start": "00:23:19", "end": "00:23:23", "text": "So, you know who Andrew Yang is?"}, {"start": "00:23:21", "end": "00:23:25", "text": ">> Yes. Right."}, {"start": "00:23:23", "end": "00:23:26", "text": ">> I saw the you saw where he went on uh on"}, {"start": "00:23:25", "end": "00:23:28", "text": "CNBC."}, {"start": "00:23:26", "end": "00:23:30", "text": ">> So, there's two components of this. The"}, {"start": "00:23:28", "end": "00:23:32", "text": "first is what you're describing of okay,"}, {"start": "00:23:30", "end": "00:23:33", "text": "we had a couple of smart humans go"}, {"start": "00:23:32", "end": "00:23:35", "text": "together and they try to solve a"}, {"start": "00:23:33", "end": "00:23:37", "text": "problem. Uh the way that I the best"}, {"start": "00:23:35", "end": "00:23:39", "text": "phrase I heard describing the solving of"}, {"start": "00:23:37", "end": "00:23:40", "text": "this hard math problem was brute force."}, {"start": "00:23:39", "end": "00:23:41", "text": "And I thought that that was like the"}, {"start": "00:23:40", "end": "00:23:43", "text": "perfect example. It's like they just"}, {"start": "00:23:41", "end": "00:23:45", "text": "threw so many quote unquote digital"}, {"start": "00:23:43", "end": "00:23:48", "text": "people with high intelligence at the"}, {"start": "00:23:45", "end": "00:23:51", "text": "problem that in 88 hours they were able"}, {"start": "00:23:48", "end": "00:23:52", "text": "to run through what what 10,000 years of"}, {"start": "00:23:51", "end": "00:23:54", "text": "people trying to solve this, right? And"}, {"start": "00:23:52", "end": "00:23:57", "text": "so just naturally like you eventually"}, {"start": "00:23:54", "end": "00:24:01", "text": "figure it out. Um"}, {"start": "00:23:57", "end": "00:24:04", "text": "then the open AI hugging face incident"}, {"start": "00:24:01", "end": "00:24:06", "text": "is the negative side of this. Mhm."}, {"start": "00:24:04", "end": "00:24:08", "text": ">> And I think every single smart person I"}, {"start": "00:24:06", "end": "00:24:11", "text": "know has not really talked that much"}, {"start": "00:24:08", "end": "00:24:13", "text": "about this publicly because in private"}, {"start": "00:24:11", "end": "00:24:15", "text": "what they're all saying. There's more to"}, {"start": "00:24:13", "end": "00:24:17", "text": "this story and I don't know what that is"}, {"start": "00:24:15", "end": "00:24:19", "text": "and so I don't want to have egg on my"}, {"start": "00:24:17", "end": "00:24:20", "text": "face when I come out and talk about it."}, {"start": "00:24:19", "end": "00:24:24", "text": ">> Mhm."}, {"start": "00:24:20", "end": "00:24:25", "text": ">> We got a breadcrumb this week on CNBC."}, {"start": "00:24:24", "end": "00:24:26", "text": "I have no clue if this is true."}, {"start": "00:24:25", "end": "00:24:28", "text": ">> Right."}, {"start": "00:24:26", "end": "00:24:31", "text": ">> But Andrew Yang, who I would actually"}, {"start": "00:24:28", "end": "00:24:33", "text": "put him I listened to a a speech he gave"}, {"start": "00:24:31", "end": "00:24:36", "text": "in Philadelphia. Um, this is maybe"}, {"start": "00:24:33", "end": "00:24:38", "text": "almost 10 years ago and he was very pro"}, {"start": "00:24:36", "end": "00:24:39", "text": "technology. He was very much like, \"Hey,"}, {"start": "00:24:38", "end": "00:24:40", "text": "I want to be the president of the United"}, {"start": "00:24:39", "end": "00:24:42", "text": "States and I I'm going to embrace"}, {"start": "00:24:40", "end": "00:24:43", "text": "technology.\" I probably disagree with a"}, {"start": "00:24:42", "end": "00:24:45", "text": "lot of his ideas, but I I like the fact"}, {"start": "00:24:43", "end": "00:24:48", "text": "that he's pro technology. He claims that"}, {"start": "00:24:45", "end": "00:24:49", "text": "he talked to a lab leader. So, somebody"}, {"start": "00:24:48", "end": "00:24:51", "text": "who was in a leadership position at one"}, {"start": "00:24:49", "end": "00:24:53", "text": "of the labs, and they claim, and I think"}, {"start": "00:24:51", "end": "00:24:57", "text": "the exact thing that he talked about was"}, {"start": "00:24:53", "end": "00:24:59", "text": "self-replicating code, and they littered"}, {"start": "00:24:57", "end": "00:25:01", "text": "the internet. And then he went as far as"}, {"start": "00:24:59", "end": "00:25:03", "text": "to say the reason why Antropic and Open"}, {"start": "00:25:01", "end": "00:25:07", "text": "AI are saying, \"Whoa, slow down is"}, {"start": "00:25:03", "end": "00:25:09", "text": "because these agents basically can"}, {"start": "00:25:07", "end": "00:25:10", "text": "respawn themselves and do this exact"}, {"start": "00:25:09", "end": "00:25:13", "text": "same thing over and over again because"}, {"start": "00:25:10", "end": "00:25:15", "text": "they have polluted the internet. And now"}, {"start": "00:25:13", "end": "00:25:18", "text": "in order for them to train models, they"}, {"start": "00:25:15", "end": "00:25:20", "text": "he claims anthropic and open AAI believe"}, {"start": "00:25:18", "end": "00:25:23", "text": "they have to build a synthetic internet"}, {"start": "00:25:20", "end": "00:25:25", "text": "to now train on it.\""}, {"start": "00:25:23", "end": "00:25:28", "text": ">> I'm just going to call it what I think"}, {"start": "00:25:25", "end": "00:25:30", "text": "it is. This sounds batshit crazy, but"}, {"start": "00:25:28", "end": "00:25:33", "text": "given the times we're living in, it's"}, {"start": "00:25:30", "end": "00:25:35", "text": "not a 0% probability. Like, I don't"}, {"start": "00:25:33", "end": "00:25:38", "text": "know, maybe it's a 20% probability"}, {"start": "00:25:35", "end": "00:25:40", "text": "that's what happened. How do you, as an"}, {"start": "00:25:38", "end": "00:25:42", "text": "investor, somebody who's building with"}, {"start": "00:25:40", "end": "00:25:45", "text": "this using this technology? How do you"}, {"start": "00:25:42", "end": "00:25:47", "text": "navigate a story that scares a lot of"}, {"start": "00:25:45", "end": "00:25:49", "text": "people? They know they don't know"}, {"start": "00:25:47", "end": "00:25:51", "text": "everything. And then you get some crazy"}, {"start": "00:25:49", "end": "00:25:53", "text": "detail like that said publicly by"}, {"start": "00:25:51", "end": "00:25:54", "text": "somebody who I think most people are"}, {"start": "00:25:53", "end": "00:25:56", "text": "like, \"All right, he's not incentivized"}, {"start": "00:25:54", "end": "00:25:59", "text": "to like, you know, lie or or or make it"}, {"start": "00:25:56", "end": "00:25:59", "text": "up."}, {"start": "00:25:59", "end": "00:26:05", "text": "This is called living life.\""}, {"start": "00:26:03", "end": "00:26:07", "text": "I I mean, I I hate to say this, but do"}, {"start": "00:26:05", "end": "00:26:08", "text": "you think you know everything that's"}, {"start": "00:26:07", "end": "00:26:10", "text": "happened that we were this close to"}, {"start": "00:26:08", "end": "00:26:12", "text": "extinction of the planet over the last"}, {"start": "00:26:10", "end": "00:26:14", "text": "whatever? Do you think if they knew that"}, {"start": "00:26:12", "end": "00:26:15", "text": "an asteroid was coming to the earth and"}, {"start": "00:26:14", "end": "00:26:18", "text": "was going to hit here in 50 years that"}, {"start": "00:26:15", "end": "00:26:18", "text": "they'd be publicly saying that this"}, {"start": "00:26:18", "end": "00:26:20", "text": "tells us everything?"}, {"start": "00:26:18", "end": "00:26:23", "text": ">> Of course. So here here here's the"}, {"start": "00:26:20", "end": "00:26:25", "text": "reality of the situation. Um"}, {"start": "00:26:23", "end": "00:26:28", "text": ">> do I believe that we haven't seen"}, {"start": "00:26:25", "end": "00:26:30", "text": "everything? Yes. Do I believe that the"}, {"start": "00:26:28", "end": "00:26:32", "text": "pause is related to the security risk,"}, {"start": "00:26:30", "end": "00:26:35", "text": "meaning the progress getting ahead of"}, {"start": "00:26:32", "end": "00:26:38", "text": "the safety? 100%. Do I also believe that"}, {"start": "00:26:35", "end": "00:26:40", "text": "Andrew Yang has a political reason to"}, {"start": "00:26:38", "end": "00:26:42", "text": "say what he said? Yes, 100%. Do I think"}, {"start": "00:26:40", "end": "00:26:45", "text": "it's possible that one of the labs that"}, {"start": "00:26:42", "end": "00:26:48", "text": "said it to Andrew Yang is also a"}, {"start": "00:26:45", "end": "00:26:49", "text": "political like are you calling it a"}, {"start": "00:26:48", "end": "00:26:52", "text": "maybe I think in history we've called"}, {"start": "00:26:49", "end": "00:26:57", "text": "them influence operations or a scop from"}, {"start": "00:26:52", "end": "00:26:59", "text": "the labs and we have found a useful uh"}, {"start": "00:26:57", "end": "00:27:01", "text": "person who will go and repeat what they"}, {"start": "00:26:59", "end": "00:27:03", "text": "told him"}, {"start": "00:27:01", "end": "00:27:03", "text": ">> I naturally don't trust"}, {"start": "00:27:03", "end": "00:27:05", "text": ">> okay"}, {"start": "00:27:03", "end": "00:27:07", "text": ">> any human"}, {"start": "00:27:05", "end": "00:27:08", "text": ">> man you are so politically correct um"}, {"start": "00:27:07", "end": "00:27:11", "text": ">> live a little Jordy"}, {"start": "00:27:08", "end": "00:27:14", "text": ">> no I but I I just think in a world where"}, {"start": "00:27:11", "end": "00:27:17", "text": "people's incentives have always tended"}, {"start": "00:27:14", "end": "00:27:18", "text": "to lead with themselves, um I I just"}, {"start": "00:27:17", "end": "00:27:20", "text": ">> I don't disagree that there's a very"}, {"start": "00:27:18", "end": "00:27:24", "text": "high odds that he was fed information"}, {"start": "00:27:20", "end": "00:27:25", "text": "that would uh enhance the lab's uh uh"}, {"start": "00:27:24", "end": "00:27:28", "text": "initiatives."}, {"start": "00:27:25", "end": "00:27:32", "text": ">> Yeah. I So I think the main point to"}, {"start": "00:27:28", "end": "00:27:35", "text": "people is um we don't know every right"}, {"start": "00:27:32", "end": "00:27:38", "text": "now. If I had to guess, since 9/11,"}, {"start": "00:27:35", "end": "00:27:40", "text": "how many terror plots do you think were"}, {"start": "00:27:38", "end": "00:27:43", "text": "stopped by the United States government"}, {"start": "00:27:40", "end": "00:27:44", "text": "that were significant?"}, {"start": "00:27:43", "end": "00:27:47", "text": "Hundreds"}, {"start": "00:27:44", "end": "00:27:50", "text": ">> easily. Okay. So, I don't see it as any"}, {"start": "00:27:47", "end": "00:27:51", "text": "different. Yes, I believe AI is a"}, {"start": "00:27:50", "end": "00:27:53", "text": "dangerous thing, but I also believe"}, {"start": "00:27:51", "end": "00:27:54", "text": "bioteterrorism is dangerous and missiles"}, {"start": "00:27:53", "end": "00:27:56", "text": "are dangerous and nuclear is dangerous"}, {"start": "00:27:54", "end": "00:27:58", "text": "and all these things are dangerous and"}, {"start": "00:27:56", "end": "00:28:00", "text": "there are humans that want to do things."}, {"start": "00:27:58", "end": "00:28:03", "text": "And what I'm hopeful is that by them"}, {"start": "00:28:00", "end": "00:28:05", "text": "finding this and already coming up with"}, {"start": "00:28:03", "end": "00:28:07", "text": "what the next solution would be, that's"}, {"start": "00:28:05", "end": "00:28:10", "text": "the way you figure out how to continue"}, {"start": "00:28:07", "end": "00:28:12", "text": "to grow. I think the pause that will"}, {"start": "00:28:10", "end": "00:28:15", "text": "happen, which is why when I got an"}, {"start": "00:28:12", "end": "00:28:19", "text": "outreach on, and this happens because I"}, {"start": "00:28:15", "end": "00:28:22", "text": "talked to so many hedge fund people, the"}, {"start": "00:28:19", "end": "00:28:23", "text": "outreach on Sunday of this week before"}, {"start": "00:28:22", "end": "00:28:26", "text": "the futures opened up. Two funny parts"}, {"start": "00:28:23", "end": "00:28:28", "text": "about this. One is people calling me up"}, {"start": "00:28:26", "end": "00:28:30", "text": "going, \"I know what you're going to say,"}, {"start": "00:28:28", "end": "00:28:33", "text": "but"}, {"start": "00:28:30", "end": "00:28:35", "text": "is this an overreaction?\""}, {"start": "00:28:33", "end": "00:28:37", "text": "Yes, this is an overreaction. This will"}, {"start": "00:28:35", "end": "00:28:39", "text": "not stop compute. If anything, it'll"}, {"start": "00:28:37", "end": "00:28:41", "text": "probably accelerate compute. So, that"}, {"start": "00:28:39", "end": "00:28:43", "text": "was the first one. The second one was,"}, {"start": "00:28:41", "end": "00:28:45", "text": "\"How far down do you think the S&P will"}, {"start": "00:28:43", "end": "00:28:46", "text": "be when it opens?\" And my answer was,"}, {"start": "00:28:45", "end": "00:28:49", "text": "\"Why don't you go to Coinbase and look"}, {"start": "00:28:46", "end": "00:28:51", "text": "at the spy per?\" And so, I like doing"}, {"start": "00:28:49", "end": "00:28:52", "text": "this stuff now to people because I'm"}, {"start": "00:28:51", "end": "00:28:54", "text": "like, \"You realize the markets trade"}, {"start": "00:28:52", "end": "00:28:55", "text": "247, guys. You can go look at anything"}, {"start": "00:28:54", "end": "00:28:57", "text": "you want. You better start paying"}, {"start": "00:28:55", "end": "00:28:59", "text": "attention to why Stan Ducken Miller"}, {"start": "00:28:57", "end": "00:29:02", "text": "bought into Hyperlid and start"}, {"start": "00:28:59", "end": "00:29:04", "text": "understanding what a purpose. Um, so I"}, {"start": "00:29:02", "end": "00:29:06", "text": "do think that this stuff goes on. I do"}, {"start": "00:29:04", "end": "00:29:08", "text": "think that people have to realize that"}, {"start": "00:29:06", "end": "00:29:10", "text": "part of the reason that the S&P multiple"}, {"start": "00:29:08", "end": "00:29:13", "text": "has contracted and I've talked about it"}, {"start": "00:29:10", "end": "00:29:16", "text": "before. I am not bullish on the growth"}, {"start": "00:29:13", "end": "00:29:18", "text": "in public equities as an investment by"}, {"start": "00:29:16", "end": "00:29:20", "text": "the time we get to 2030. The reason for"}, {"start": "00:29:18", "end": "00:29:22", "text": "that is what I read in situational"}, {"start": "00:29:20", "end": "00:29:25", "text": "awareness and we are exactly on pace if"}, {"start": "00:29:22", "end": "00:29:28", "text": "not 6 months ahead in Leopold's article."}, {"start": "00:29:25", "end": "00:29:30", "text": "You should all pull it up and one day"}, {"start": "00:29:28", "end": "00:29:32", "text": "when you have a couple hours ask for the"}, {"start": "00:29:30", "end": "00:29:35", "text": "timeline. I'll be showing it on the"}, {"start": "00:29:32", "end": "00:29:37", "text": "video but societal"}, {"start": "00:29:35", "end": "00:29:39", "text": "impacts are happening. Governments are"}, {"start": "00:29:37", "end": "00:29:41", "text": "being polarized. We've got one party"}, {"start": "00:29:39", "end": "00:29:43", "text": "that wants to stop data centers. Like"}, {"start": "00:29:41", "end": "00:29:45", "text": "this is all part of the forecast that"}, {"start": "00:29:43", "end": "00:29:48", "text": "would happen. The part that we start to"}, {"start": "00:29:45", "end": "00:29:49", "text": "get into is that all companies will be"}, {"start": "00:29:48", "end": "00:29:52", "text": "disrupted. Hackings will happen. Which"}, {"start": "00:29:49", "end": "00:29:55", "text": "is the main reason why for me what"}, {"start": "00:29:52", "end": "00:29:56", "text": "people have to start understanding and I"}, {"start": "00:29:55", "end": "00:29:59", "text": "will be spending a lot of time with the"}, {"start": "00:29:56", "end": "00:30:01", "text": "wealthiest institutions on the planet."}, {"start": "00:29:59", "end": "00:30:05", "text": "This week I start my crypto focus"}, {"start": "00:30:01", "end": "00:30:07", "text": "research video every single week. But it"}, {"start": "00:30:05", "end": "00:30:10", "text": "is going to be making people understand"}, {"start": "00:30:07", "end": "00:30:12", "text": "why I have 46 names in the index, what"}, {"start": "00:30:10", "end": "00:30:14", "text": "it represents, what ghost rails are,"}, {"start": "00:30:12", "end": "00:30:16", "text": "what this whole situation is. Because"}, {"start": "00:30:14", "end": "00:30:18", "text": "the blockchain is one of the solutions"}, {"start": "00:30:16", "end": "00:30:20", "text": "to the problem we're talking about."}, {"start": "00:30:18", "end": "00:30:22", "text": "Agents will be transacting with each"}, {"start": "00:30:20", "end": "00:30:25", "text": "other. The blockchain is necessary. Like"}, {"start": "00:30:22", "end": "00:30:27", "text": "everything about what is bad for agent"}, {"start": "00:30:25", "end": "00:30:29", "text": "swarms reaching this point is fantastic"}, {"start": "00:30:27", "end": "00:30:31", "text": "for crypto. Which is why at the end of"}, {"start": "00:30:29", "end": "00:30:33", "text": "the day for all of you thinking this is"}, {"start": "00:30:31", "end": "00:30:35", "text": "going to happen because of liquidity."}, {"start": "00:30:33", "end": "00:30:38", "text": "No, this is not about liquidity. This is"}, {"start": "00:30:35", "end": "00:30:41", "text": "about dormant liquidity that's been"}, {"start": "00:30:38", "end": "00:30:43", "text": "locked up forever in this fiat Ponzi"}, {"start": "00:30:41", "end": "00:30:46", "text": "scheme finally being able to be used to"}, {"start": "00:30:43", "end": "00:30:48", "text": "buy coffee and agents will be the one"}, {"start": "00:30:46", "end": "00:30:50", "text": "doing it where friction of time finally"}, {"start": "00:30:48", "end": "00:30:52", "text": "comes in because humans wanted to keep"}, {"start": "00:30:50", "end": "00:30:54", "text": "things at these long settlements because"}, {"start": "00:30:52", "end": "00:30:55", "text": "the middlemen make vigs on it. Well,"}, {"start": "00:30:54", "end": "00:30:57", "text": "this isn't going to happen when agents"}, {"start": "00:30:55", "end": "00:30:59", "text": "are making decisions. And I'll finish it"}, {"start": "00:30:57", "end": "00:31:00", "text": "with this. I had a story said to me"}, {"start": "00:30:59", "end": "00:31:03", "text": "which I didn't know was true. Maybe"}, {"start": "00:31:00", "end": "00:31:06", "text": "you've heard this."}, {"start": "00:31:03", "end": "00:31:09", "text": "This person said to me that they went to"}, {"start": "00:31:06", "end": "00:31:12", "text": "go buy a ticket for an airline on Delta."}, {"start": "00:31:09", "end": "00:31:15", "text": "Okay. And"}, {"start": "00:31:12", "end": "00:31:17", "text": "they went at say 2:00 in the afternoon."}, {"start": "00:31:15", "end": "00:31:18", "text": "They didn't buy it. They came back later"}, {"start": "00:31:17", "end": "00:31:21", "text": "in the day and the price was"}, {"start": "00:31:18", "end": "00:31:23", "text": "significantly higher. And then they came"}, {"start": "00:31:21", "end": "00:31:25", "text": "back again and it was higher again. And"}, {"start": "00:31:23", "end": "00:31:29", "text": "they interpreted this that it was a"}, {"start": "00:31:25", "end": "00:31:32", "text": "personalized price movement that they"}, {"start": "00:31:29", "end": "00:31:34", "text": "understood and it sounded very agentic"}, {"start": "00:31:32", "end": "00:31:35", "text": "to me. So I had no idea. Have you heard"}, {"start": "00:31:34", "end": "00:31:35", "text": "this?"}, {"start": "00:31:35", "end": "00:31:39", "text": ">> No."}, {"start": "00:31:35", "end": "00:31:41", "text": ">> So if you go just type in has this been"}, {"start": "00:31:39", "end": "00:31:43", "text": "happening? Is this a complaint that's"}, {"start": "00:31:41", "end": "00:31:45", "text": "happened from customers that AI agents"}, {"start": "00:31:43", "end": "00:31:47", "text": "are trying to get the best price on"}, {"start": "00:31:45", "end": "00:31:48", "text": "things?"}, {"start": "00:31:47", "end": "00:31:50", "text": "I don't know. They haven't admitted"}, {"start": "00:31:48", "end": "00:31:52", "text": "anything. So for Delta, I'm not saying"}, {"start": "00:31:50", "end": "00:31:54", "text": "this is true, but if you go on the"}, {"start": "00:31:52", "end": "00:31:56", "text": "internet or you just going to an LLM and"}, {"start": "00:31:54", "end": "00:31:58", "text": "you ask, this has gotten to the"}, {"start": "00:31:56", "end": "00:31:59", "text": "government complaint side and it has"}, {"start": "00:31:58", "end": "00:32:00", "text": "been something there. And it makes sense"}, {"start": "00:31:59", "end": "00:32:02", "text": "to me because"}, {"start": "00:32:00", "end": "00:32:04", "text": ">> what exactly are the agents doing?"}, {"start": "00:32:02", "end": "00:32:05", "text": ">> The agents are driving the price higher"}, {"start": "00:32:04", "end": "00:32:07", "text": "thinking that the person they're trying"}, {"start": "00:32:05", "end": "00:32:08", "text": "to personalize the ability of the person"}, {"start": "00:32:07", "end": "00:32:10", "text": "to pay."}, {"start": "00:32:08", "end": "00:32:12", "text": ">> So this is a way for companies to make"}, {"start": "00:32:10", "end": "00:32:14", "text": "more money. It's kind of like if you go"}, {"start": "00:32:12", "end": "00:32:16", "text": "I mean StubHub. They're using AI."}, {"start": "00:32:14", "end": "00:32:18", "text": "They're using AI to try to predict how"}, {"start": "00:32:16", "end": "00:32:19", "text": "much do I think Jordy will pay for this"}, {"start": "00:32:18", "end": "00:32:20", "text": "flight"}, {"start": "00:32:19", "end": "00:32:22", "text": ">> relative to another person."}, {"start": "00:32:20", "end": "00:32:24", "text": ">> At the same time, now the consumers are"}, {"start": "00:32:22", "end": "00:32:26", "text": "armed with AI agents who are basically"}, {"start": "00:32:24", "end": "00:32:27", "text": "what are all the angles to get Delta to"}, {"start": "00:32:26", "end": "00:32:28", "text": "give me a cheaper price."}, {"start": "00:32:27", "end": "00:32:30", "text": ">> And that's the way"}, {"start": "00:32:28", "end": "00:32:32", "text": ">> agent on agent warfare"}, {"start": "00:32:30", "end": "00:32:34", "text": ">> and that's what normalizes everything"}, {"start": "00:32:32", "end": "00:32:36", "text": "because in the end the agents that are"}, {"start": "00:32:34", "end": "00:32:39", "text": "controlling the wallets win. The company"}, {"start": "00:32:36", "end": "00:32:41", "text": "agents do not win because they only have"}, {"start": "00:32:39", "end": "00:32:43", "text": "one thing to do. This agent can go to a"}, {"start": "00:32:41", "end": "00:32:45", "text": "billion other airlines, go through a"}, {"start": "00:32:43", "end": "00:32:47", "text": "billion other channels and more"}, {"start": "00:32:45", "end": "00:32:49", "text": "importantly can be anonymous. This is"}, {"start": "00:32:47", "end": "00:32:51", "text": "why privacy businessto business. So when"}, {"start": "00:32:49", "end": "00:32:52", "text": "you hear about Zcash and you hear about"}, {"start": "00:32:51", "end": "00:32:55", "text": "Near and you hear about these things and"}, {"start": "00:32:52", "end": "00:32:56", "text": "you go why are these things leading like"}, {"start": "00:32:55", "end": "00:32:59", "text": "these are the things leading right now"}, {"start": "00:32:56", "end": "00:33:02", "text": "in September and you could say well this"}, {"start": "00:32:59", "end": "00:33:04", "text": "is DeFi cash this is that no to me this"}, {"start": "00:33:02", "end": "00:33:06", "text": "is the rise of agents and privacy"}, {"start": "00:33:04", "end": "00:33:07", "text": "they're they're needed because"}, {"start": "00:33:06", "end": "00:33:10", "text": "businessto business in this Delta"}, {"start": "00:33:07", "end": "00:33:12", "text": "example meaning Jord's business wants to"}, {"start": "00:33:10", "end": "00:33:14", "text": "go buy a ticket he doesn't want them to"}, {"start": "00:33:12", "end": "00:33:17", "text": "know who they are and where he's"}, {"start": "00:33:14", "end": "00:33:19", "text": "normally sits and all this so the agent"}, {"start": "00:33:17", "end": "00:33:22", "text": "is anonymous and they're just dealing in"}, {"start": "00:33:19", "end": "00:33:23", "text": "this transaction and moving around. You"}, {"start": "00:33:22", "end": "00:33:24", "text": "can do that when you can go through it."}, {"start": "00:33:23", "end": "00:33:26", "text": "This is why if you guys haven't seen it"}, {"start": "00:33:24", "end": "00:33:26", "text": "yet, have you seen the company Instinct"}, {"start": "00:33:26", "end": "00:33:27", "text": "AI?"}, {"start": "00:33:26", "end": "00:33:28", "text": ">> Yeah, I use it."}, {"start": "00:33:27", "end": "00:33:28", "text": ">> You do?"}, {"start": "00:33:28", "end": "00:33:29", "text": ">> Yeah."}, {"start": "00:33:28", "end": "00:33:30", "text": ">> Do you like it?"}, {"start": "00:33:29", "end": "00:33:31", "text": ">> Yeah, I like it a lot."}, {"start": "00:33:30", "end": "00:33:33", "text": ">> Okay. So, if you guys haven't seen this,"}, {"start": "00:33:31", "end": "00:33:35", "text": "we're in the personal assistant world."}, {"start": "00:33:33", "end": "00:33:37", "text": "So, this is what agents are going to do."}, {"start": "00:33:35", "end": "00:33:38", "text": "Now, I'm sure you haven't used it with"}, {"start": "00:33:37", "end": "00:33:38", "text": "wallet. Have you used it with wallet"}, {"start": "00:33:38", "end": "00:33:39", "text": "stuff yet?"}, {"start": "00:33:38", "end": "00:33:41", "text": ">> No."}, {"start": "00:33:39", "end": "00:33:43", "text": ">> Okay. But you use it for like other"}, {"start": "00:33:41", "end": "00:33:44", "text": "things, not just email, but like if"}, {"start": "00:33:43", "end": "00:33:46", "text": "you're going to go travel to another"}, {"start": "00:33:44", "end": "00:33:47", "text": "country and you need to get a visa and"}, {"start": "00:33:46", "end": "00:33:48", "text": "get your documents out, it'll do all"}, {"start": "00:33:47", "end": "00:33:49", "text": "your documents for you."}, {"start": "00:33:48", "end": "00:33:52", "text": ">> I'll give you a perfect example what I"}, {"start": "00:33:49", "end": "00:33:55", "text": "used it for. I had a breakfast scheduled"}, {"start": "00:33:52", "end": "00:33:58", "text": "for Thursday at 7:00 a.m. 7 a.m. guy."}, {"start": "00:33:55", "end": "00:34:02", "text": "And uh it was with uh two very important"}, {"start": "00:33:58", "end": "00:34:03", "text": "people. And um I had it go and make the"}, {"start": "00:34:02", "end": "00:34:05", "text": "reservation. Three very important"}, {"start": "00:34:03", "end": "00:34:06", "text": ">> send the uh calendar invite. Well, I'll"}, {"start": "00:34:05", "end": "00:34:07", "text": "tell you a funny thing that one of these"}, {"start": "00:34:06", "end": "00:34:10", "text": "important people did. I actually think"}, {"start": "00:34:07", "end": "00:34:12", "text": "you know one of them. Um, and uh, then"}, {"start": "00:34:10", "end": "00:34:13", "text": "they emailed me the next day and said,"}, {"start": "00:34:12", "end": "00:34:16", "text": "\"Hey, by the way, we need to move it to"}, {"start": "00:34:13", "end": "00:34:18", "text": "Friday.\" So, usually that would be a"}, {"start": "00:34:16", "end": "00:34:19", "text": "pain. You got to go, you got to move the"}, {"start": "00:34:18", "end": "00:34:21", "text": "calendar invite, then you got to go"}, {"start": "00:34:19", "end": "00:34:24", "text": "cancel one reservation. You got to do"}, {"start": "00:34:21", "end": "00:34:26", "text": "and so I was just like, could it do it?"}, {"start": "00:34:24", "end": "00:34:28", "text": "I didn't give it credentials. Any of"}, {"start": "00:34:26", "end": "00:34:32", "text": "this stuff, right? And I just said, move"}, {"start": "00:34:28", "end": "00:34:35", "text": "the reservation to Friday. And it"}, {"start": "00:34:32", "end": "00:34:37", "text": "instinctively knew move the calendar"}, {"start": "00:34:35", "end": "00:34:39", "text": "invite, cancel Thursday, make"}, {"start": "00:34:37", "end": "00:34:40", "text": "reservation for Friday."}, {"start": "00:34:39", "end": "00:34:43", "text": ">> And it didn't. It came back in like 2"}, {"start": "00:34:40", "end": "00:34:46", "text": "minutes. And I said to myself, that was"}, {"start": "00:34:43", "end": "00:34:48", "text": "awesome. Now, uh, as you know, when uh"}, {"start": "00:34:46", "end": "00:34:50", "text": "you go to breakfast with two very"}, {"start": "00:34:48", "end": "00:34:52", "text": "important people, this one genius today"}, {"start": "00:34:50", "end": "00:34:54", "text": "wanted to fight me over who was going to"}, {"start": "00:34:52", "end": "00:34:56", "text": "pay. And he I'm going to give alpha to"}, {"start": "00:34:54", "end": "00:34:59", "text": "everyone right now. He turned to the"}, {"start": "00:34:56", "end": "00:35:00", "text": "waitress and said, \"He can't pay. It's"}, {"start": "00:34:59", "end": "00:35:02", "text": "his birthday."}, {"start": "00:35:00", "end": "00:35:04", "text": "And of course, she was like, \"Oh, I"}, {"start": "00:35:02", "end": "00:35:06", "text": "can't let you pay.\" And so now I feel"}, {"start": "00:35:04", "end": "00:35:08", "text": "like I'm armed with a new uh a new"}, {"start": "00:35:06", "end": "00:35:10", "text": "little trick is if you ever get in a in"}, {"start": "00:35:08", "end": "00:35:13", "text": "a who's going to pay battle, just drop"}, {"start": "00:35:10", "end": "00:35:15", "text": "that one real quick and you'll win. Um"}, {"start": "00:35:13", "end": "00:35:17", "text": "but this whole instinct thing was it was"}, {"start": "00:35:15", "end": "00:35:18", "text": "incredibly impressive. And so now I've"}, {"start": "00:35:17", "end": "00:35:19", "text": "started to kind of put like what else"}, {"start": "00:35:18", "end": "00:35:21", "text": "could it do? And there's been a couple"}, {"start": "00:35:19", "end": "00:35:22", "text": "other things like that where I've been"}, {"start": "00:35:21", "end": "00:35:23", "text": "like, \"Okay, we're we're in a different"}, {"start": "00:35:22", "end": "00:35:24", "text": "regime now.\""}, {"start": "00:35:23", "end": "00:35:26", "text": ">> Have you seen the valuation of the"}, {"start": "00:35:24", "end": "00:35:30", "text": "company now? They're trying to raise"}, {"start": "00:35:26", "end": "00:35:33", "text": "that. I I don't want to uh to brag, but"}, {"start": "00:35:30", "end": "00:35:38", "text": "um there is a uh upand cominging very"}, {"start": "00:35:33", "end": "00:35:38", "text": "good young investor who um I invested in"}, {"start": "00:35:38", "end": "00:35:39", "text": "his fund."}, {"start": "00:35:38", "end": "00:35:40", "text": ">> Mhm."}, {"start": "00:35:39", "end": "00:35:43", "text": ">> To support him, but also I thought he"}, {"start": "00:35:40", "end": "00:35:44", "text": "could do a good job. And uh he's been"}, {"start": "00:35:43", "end": "00:35:46", "text": "talking about things are going well, but"}, {"start": "00:35:44", "end": "00:35:47", "text": "he hasn't really been talking. And he"}, {"start": "00:35:46", "end": "00:35:49", "text": "recently sent an update. He said, \"Fine,"}, {"start": "00:35:47", "end": "00:35:51", "text": "I'll tell you guys.\" He was one of the"}, {"start": "00:35:49", "end": "00:35:53", "text": "early investors in Instinct. And so my"}, {"start": "00:35:51", "end": "00:35:55", "text": "exposure is like minuscule compared to"}, {"start": "00:35:53", "end": "00:35:57", "text": "anyone who invested directly. But I said"}, {"start": "00:35:55", "end": "00:35:58", "text": "to him, I said, \"That one decision is"}, {"start": "00:35:57", "end": "00:36:01", "text": "probably going to make his career.\" I"}, {"start": "00:35:58", "end": "00:36:03", "text": "mean, this thing went from founded to 10"}, {"start": "00:36:01", "end": "00:36:03", "text": "billion in a year."}, {"start": "00:36:03", "end": "00:36:04", "text": ">> A year,"}, {"start": "00:36:03", "end": "00:36:08", "text": ">> year and a half, something like that."}, {"start": "00:36:04", "end": "00:36:10", "text": ">> If you look at like a month ago, the"}, {"start": "00:36:08", "end": "00:36:12", "text": "rumors were valuation of 2.5 billion."}, {"start": "00:36:10", "end": "00:36:15", "text": "Now, the valuation is 10. Correct."}, {"start": "00:36:12", "end": "00:36:18", "text": ">> So, again, I I let the market speak to"}, {"start": "00:36:15", "end": "00:36:20", "text": "me about what's happening. Instinct is"}, {"start": "00:36:18", "end": "00:36:24", "text": "critical to crypto."}, {"start": "00:36:20", "end": "00:36:29", "text": "One of my favorite Peter Teal lessons,"}, {"start": "00:36:24", "end": "00:36:31", "text": "the more steep the valuation climb,"}, {"start": "00:36:29", "end": "00:36:32", "text": "the more likely the company's"}, {"start": "00:36:31", "end": "00:36:32", "text": "undervalued."}, {"start": "00:36:32", "end": "00:36:35", "text": ">> Mhm."}, {"start": "00:36:32", "end": "00:36:38", "text": ">> And so when people see something go from"}, {"start": "00:36:35", "end": "00:36:40", "text": "500 million to 2.5 billion to 10 billion"}, {"start": "00:36:38", "end": "00:36:42", "text": "in less than 3 months,"}, {"start": "00:36:40", "end": "00:36:44", "text": ">> the average person would say, \"It's"}, {"start": "00:36:42", "end": "00:36:46", "text": "overvalued. This is insane. Why are"}, {"start": "00:36:44", "end": "00:36:48", "text": "people doing that?\" one of the best"}, {"start": "00:36:46", "end": "00:36:51", "text": "venture investors in the world claims"}, {"start": "00:36:48", "end": "00:36:52", "text": "when you see that that actually means"}, {"start": "00:36:51", "end": "00:36:54", "text": "that 10 billion would be underval like"}, {"start": "00:36:52", "end": "00:36:56", "text": "that there's way more runway there's"}, {"start": "00:36:54", "end": "00:36:58", "text": "something that the market knows"}, {"start": "00:36:56", "end": "00:37:00", "text": ">> that people don't which I think lines up"}, {"start": "00:36:58", "end": "00:37:02", "text": "directly with you saying like hello guys"}, {"start": "00:37:00", "end": "00:37:04", "text": "this is a way bigger market these are"}, {"start": "00:37:02", "end": "00:37:05", "text": "way more important technologies and"}, {"start": "00:37:04", "end": "00:37:07", "text": "products than people are giving you know"}, {"start": "00:37:05", "end": "00:37:08", "text": "uh uh kind of credit to at the moment"}, {"start": "00:37:07", "end": "00:37:11", "text": ">> yeah and here here's the issue and this"}, {"start": "00:37:08", "end": "00:37:14", "text": "fits into anthropic and open AI why is"}, {"start": "00:37:11", "end": "00:37:16", "text": "everyone scared about the AI bubble why"}, {"start": "00:37:14", "end": "00:37:18", "text": "are scared of it. Well, because"}, {"start": "00:37:16", "end": "00:37:21", "text": "Anthropic and OpenAI are basically the"}, {"start": "00:37:18", "end": "00:37:24", "text": "AI bubble. Like they're going to control"}, {"start": "00:37:21", "end": "00:37:24", "text": "as much as 50% of compute a year from"}, {"start": "00:37:24", "end": "00:37:26", "text": "now."}, {"start": "00:37:24", "end": "00:37:27", "text": ">> You think so?"}, {"start": "00:37:26", "end": "00:37:30", "text": ">> That's what all the story somewhere"}, {"start": "00:37:27", "end": "00:37:32", "text": "between a third and 50%. Brad Gersonner"}, {"start": "00:37:30", "end": "00:37:35", "text": "just talked about it on the all-in pod"}, {"start": "00:37:32", "end": "00:37:36", "text": "on his presentation at the summit. Uh so"}, {"start": "00:37:35", "end": "00:37:38", "text": "you can go look at the deck. I mean,"}, {"start": "00:37:36", "end": "00:37:40", "text": "we're talking about them controlling 50%"}, {"start": "00:37:38", "end": "00:37:42", "text": "of compute. Compute is the entire S&P"}, {"start": "00:37:40", "end": "00:37:45", "text": "500 right now as far as I'm concerned."}, {"start": "00:37:42", "end": "00:37:47", "text": "like it's all about compute. So two"}, {"start": "00:37:45", "end": "00:37:49", "text": "companies, they're not even public. They"}, {"start": "00:37:47", "end": "00:37:52", "text": "don't release their numbers. Instinct,"}, {"start": "00:37:49", "end": "00:37:55", "text": ">> no, they have 80% margins before COGS."}, {"start": "00:37:52", "end": "00:37:56", "text": ">> Instinct, I'm sure if you go look, how"}, {"start": "00:37:55", "end": "00:37:57", "text": "much money have you paid Instinct?"}, {"start": "00:37:56", "end": "00:38:00", "text": ">> Zero."}, {"start": "00:37:57", "end": "00:38:02", "text": ">> So, but they're worth 10 billion."}, {"start": "00:38:00", "end": "00:38:04", "text": ">> Meta is a personal assistant company."}, {"start": "00:38:02", "end": "00:38:05", "text": ">> Yeah. Have you used Muse yet?"}, {"start": "00:38:04", "end": "00:38:07", "text": ">> I haven't used Muse yet."}, {"start": "00:38:05", "end": "00:38:09", "text": ">> So, I recently signed up. I I am uh"}, {"start": "00:38:07", "end": "00:38:10", "text": "doing a little experiment and I'm going"}, {"start": "00:38:09", "end": "00:38:12", "text": "to kind of come out and say, \"Okay, I've"}, {"start": "00:38:10", "end": "00:38:14", "text": "used Grock. I've got Instinct. I'm going"}, {"start": "00:38:12", "end": "00:38:15", "text": "to use Muse. There's a lot of overlap in"}, {"start": "00:38:14", "end": "00:38:17", "text": "what they can do, but I do think the"}, {"start": "00:38:15", "end": "00:38:19", "text": "interfaces, the setup, the way that they"}, {"start": "00:38:17", "end": "00:38:22", "text": "present the products, like there's some"}, {"start": "00:38:19", "end": "00:38:23", "text": "significant differences. Um,"}, {"start": "00:38:22", "end": "00:38:26", "text": "I actually think that we're going to end"}, {"start": "00:38:23", "end": "00:38:29", "text": "up using multiple ones, but it is"}, {"start": "00:38:26", "end": "00:38:32", "text": "fascinating to me because"}, {"start": "00:38:29", "end": "00:38:35", "text": "the common layer among all of this is"}, {"start": "00:38:32", "end": "00:38:38", "text": "the context, the memory. And it feels"}, {"start": "00:38:35", "end": "00:38:41", "text": "like people are now mentally wrapping"}, {"start": "00:38:38", "end": "00:38:44", "text": "their head around I am long the idea of"}, {"start": "00:38:41", "end": "00:38:47", "text": "personal assistance or Sylvia or you"}, {"start": "00:38:44", "end": "00:38:49", "text": "know chatbt or claude or whatever. So"}, {"start": "00:38:47", "end": "00:38:51", "text": "like the interface and the compute"}, {"start": "00:38:49", "end": "00:38:53", "text": "component or the model I think people"}, {"start": "00:38:51", "end": "00:38:56", "text": "are like duh this is going to be"}, {"start": "00:38:53", "end": "00:39:00", "text": "valuable. I am shocked at how little"}, {"start": "00:38:56", "end": "00:39:02", "text": "attention the memory layer is getting."}, {"start": "00:39:00", "end": "00:39:05", "text": "And memory not just being in the sense"}, {"start": "00:39:02", "end": "00:39:06", "text": "of memory for me as an individual and I"}, {"start": "00:39:05", "end": "00:39:08", "text": "want to be able to use Instinct or Grock"}, {"start": "00:39:06", "end": "00:39:09", "text": "or Muse,"}, {"start": "00:39:08", "end": "00:39:10", "text": ">> but when a new one comes out, we were"}, {"start": "00:39:09", "end": "00:39:11", "text": "just talking with uh with some of the"}, {"start": "00:39:10", "end": "00:39:14", "text": "folks here, you know, Matt, our video"}, {"start": "00:39:11", "end": "00:39:15", "text": "editor, and uh Isaac were talking about"}, {"start": "00:39:14", "end": "00:39:16", "text": "when a new one comes out, they almost"}, {"start": "00:39:15", "end": "00:39:18", "text": "feel like I don't want to go sign up for"}, {"start": "00:39:16", "end": "00:39:19", "text": "it because in two weeks there's going to"}, {"start": "00:39:18", "end": "00:39:21", "text": "be a new one. And how do you keep doing"}, {"start": "00:39:19", "end": "00:39:23", "text": "that? Well, if you have one shared"}, {"start": "00:39:21", "end": "00:39:25", "text": "memory, you can almost use these as"}, {"start": "00:39:23", "end": "00:39:28", "text": "databases. Now, that reminds me, did I"}, {"start": "00:39:25", "end": "00:39:31", "text": "don't know if you follow Signal, S I G N"}, {"start": "00:39:28", "end": "00:39:34", "text": "U L L on uh on X."}, {"start": "00:39:31", "end": "00:39:38", "text": "Very good uh follow very thoughtful"}, {"start": "00:39:34", "end": "00:39:40", "text": "anonymous account. Um and"}, {"start": "00:39:38", "end": "00:39:42", "text": "I think it's a guy he he was talking"}, {"start": "00:39:40", "end": "00:39:44", "text": "about this idea of he doesn't actually"}, {"start": "00:39:42", "end": "00:39:47", "text": "go into the apps anymore. So, he was"}, {"start": "00:39:44", "end": "00:39:50", "text": "talking about his email. he interfaces"}, {"start": "00:39:47", "end": "00:39:53", "text": "with his email via the agent. And so he"}, {"start": "00:39:50", "end": "00:39:55", "text": "was like, \"My email has just become a"}, {"start": "00:39:53", "end": "00:39:59", "text": "database. It's just a, you know, a"}, {"start": "00:39:55", "end": "00:40:02", "text": "record uh tracker. I do my email in the"}, {"start": "00:39:59", "end": "00:40:05", "text": "agent interface of chat or whatever.\""}, {"start": "00:40:02", "end": "00:40:08", "text": "And so why do I need to go into Gmail if"}, {"start": "00:40:05", "end": "00:40:11", "text": "that's where the world's headed? Nobody"}, {"start": "00:40:08", "end": "00:40:13", "text": "is ready. So let let me ask you one"}, {"start": "00:40:11", "end": "00:40:15", "text": "question then I'm going to I'm going to"}, {"start": "00:40:13", "end": "00:40:17", "text": "direct this towards the most important"}, {"start": "00:40:15", "end": "00:40:20", "text": "thing I will say to people on this and"}, {"start": "00:40:17", "end": "00:40:22", "text": "possibly ever in this bridging of of the"}, {"start": "00:40:20", "end": "00:40:25", "text": "current world the agentic side in"}, {"start": "00:40:22", "end": "00:40:26", "text": "crypto. So in your example of the"}, {"start": "00:40:25", "end": "00:40:27", "text": "restaurant"}, {"start": "00:40:26", "end": "00:40:29", "text": ">> Mhm."}, {"start": "00:40:27", "end": "00:40:29", "text": ">> you could have done that yourself right"}, {"start": "00:40:29", "end": "00:40:30", "text": ">> maybe."}, {"start": "00:40:29", "end": "00:40:31", "text": ">> Yeah."}, {"start": "00:40:30", "end": "00:40:33", "text": ">> Okay. Yeah."}, {"start": "00:40:31", "end": "00:40:34", "text": ">> I'm not too smart but yeah"}, {"start": "00:40:33", "end": "00:40:38", "text": ">> you could have asked someone else"}, {"start": "00:40:34", "end": "00:40:40", "text": "whatever. But if you did it yourself"}, {"start": "00:40:38", "end": "00:40:41", "text": "what did you save? You didn't save any"}, {"start": "00:40:40", "end": "00:40:42", "text": "money. What'd you save?"}, {"start": "00:40:41", "end": "00:40:45", "text": ">> Time. Yeah."}, {"start": "00:40:42", "end": "00:40:47", "text": ">> Okay. So, this is the thing I want to I"}, {"start": "00:40:45", "end": "00:40:49", "text": "want to bring back to people. When you"}, {"start": "00:40:47", "end": "00:40:52", "text": "gave me the discussion about Matt and"}, {"start": "00:40:49", "end": "00:40:55", "text": "Isaac and they can't keep up with AI,"}, {"start": "00:40:52", "end": "00:40:57", "text": "that means we've reached a point of"}, {"start": "00:40:55", "end": "00:40:59", "text": "effectively recursive self-improvement,"}, {"start": "00:40:57", "end": "00:41:02", "text": "meaning the models are being released"}, {"start": "00:40:59", "end": "00:41:03", "text": "faster than we can comprehend how to go"}, {"start": "00:41:02", "end": "00:41:06", "text": "through. That's all that means. Like,"}, {"start": "00:41:03", "end": "00:41:08", "text": "they're coming out too fast. It's not"}, {"start": "00:41:06", "end": "00:41:10", "text": "that we don't have the capabilities."}, {"start": "00:41:08", "end": "00:41:13", "text": "it it's going too fast."}, {"start": "00:41:10", "end": "00:41:16", "text": ">> There's one nuance which is um models."}, {"start": "00:41:13", "end": "00:41:18", "text": "Yes. I actually think that"}, {"start": "00:41:16", "end": "00:41:21", "text": "if we just look over the last six"}, {"start": "00:41:18", "end": "00:41:22", "text": "months, we got clawed updates, we got a"}, {"start": "00:41:21", "end": "00:41:24", "text": "lot of Chinese open source, we got"}, {"start": "00:41:22", "end": "00:41:26", "text": "Astra, like like there have been a"}, {"start": "00:41:24", "end": "00:41:28", "text": "number of models."}, {"start": "00:41:26", "end": "00:41:30", "text": "I think that there's almost this"}, {"start": "00:41:28", "end": "00:41:31", "text": "blending though of like model and"}, {"start": "00:41:30", "end": "00:41:34", "text": "product now. like Muse is not"}, {"start": "00:41:31", "end": "00:41:36", "text": "necessarily the model, but Muse is"}, {"start": "00:41:34", "end": "00:41:38", "text": "wrapped around a model and"}, {"start": "00:41:36", "end": "00:41:40", "text": ">> Astra comes out and now people are"}, {"start": "00:41:38", "end": "00:41:41", "text": "almost interchangeably thinking about"}, {"start": "00:41:40", "end": "00:41:43", "text": "like I could use Astra or I could use"}, {"start": "00:41:41", "end": "00:41:45", "text": "Muse."}, {"start": "00:41:43", "end": "00:41:48", "text": ">> And so like maybe I would just say it's"}, {"start": "00:41:45", "end": "00:41:49", "text": "just the assault of options"}, {"start": "00:41:48", "end": "00:41:51", "text": ">> and and they're going to show up in so"}, {"start": "00:41:49", "end": "00:41:54", "text": "many different ways and formats and it's"}, {"start": "00:41:51", "end": "00:41:56", "text": "like you basically gave this brand new"}, {"start": "00:41:54", "end": "00:41:57", "text": "technology to really smart"}, {"start": "00:41:56", "end": "00:41:59", "text": "entrepreneurial people and they're going"}, {"start": "00:41:57", "end": "00:42:01", "text": "to figure out every way to cut, slice"}, {"start": "00:41:59", "end": "00:42:03", "text": "it, etc. to go after"}, {"start": "00:42:01", "end": "00:42:05", "text": ">> users and the users are on the other end"}, {"start": "00:42:03", "end": "00:42:08", "text": "like oh my god I'm under attack. So, the"}, {"start": "00:42:05", "end": "00:42:10", "text": "app store for everyone on their phone,"}, {"start": "00:42:08", "end": "00:42:11", "text": "like I don't know how many pages you"}, {"start": "00:42:10", "end": "00:42:12", "text": "have on your iPhone, but you have a lot"}, {"start": "00:42:11", "end": "00:42:15", "text": "because you're like, \"Oh, this would be"}, {"start": "00:42:12", "end": "00:42:17", "text": "a great app to add.\" When they first"}, {"start": "00:42:15", "end": "00:42:19", "text": "came out, I'll just use the GPS or the"}, {"start": "00:42:17", "end": "00:42:21", "text": "the driving as there. I remember the"}, {"start": "00:42:19", "end": "00:42:22", "text": "first time someone told me about Ways"}, {"start": "00:42:21", "end": "00:42:26", "text": "and I was like, \"Oh my god, it's got"}, {"start": "00:42:22", "end": "00:42:28", "text": "traffic and police. This is great. Okay,"}, {"start": "00:42:26", "end": "00:42:32", "text": "it took a while for Google Maps to catch"}, {"start": "00:42:28", "end": "00:42:34", "text": "up to Ways.\" And so I used ways for"}, {"start": "00:42:32", "end": "00:42:36", "text": "let's say a year or two or maybe even"}, {"start": "00:42:34", "end": "00:42:38", "text": "three before I've switched over to"}, {"start": "00:42:36", "end": "00:42:41", "text": "Google Maps. Now Ways comes out and then"}, {"start": "00:42:38", "end": "00:42:43", "text": "there's 1,700 of them the next day. They"}, {"start": "00:42:41", "end": "00:42:47", "text": "come out faster. So if you use the best"}, {"start": "00:42:43", "end": "00:42:48", "text": "one, it's going to be enormous."}, {"start": "00:42:47", "end": "00:42:52", "text": "Again, I'm going to take it back to the"}, {"start": "00:42:48", "end": "00:42:56", "text": "exact same thing in Leopold's"}, {"start": "00:42:52", "end": "00:42:59", "text": "figure 70 or page 71. At some point"}, {"start": "00:42:56", "end": "00:43:02", "text": "we're moving so fast in terms of change"}, {"start": "00:42:59", "end": "00:43:04", "text": "that human beings can't keep up with it."}, {"start": "00:43:02", "end": "00:43:06", "text": "And what do we need at that point? We"}, {"start": "00:43:04", "end": "00:43:08", "text": "need the agents. The agents are"}, {"start": "00:43:06", "end": "00:43:11", "text": "necessary to do the stuff for us. So"}, {"start": "00:43:08", "end": "00:43:13", "text": "eventually like you have with your chief"}, {"start": "00:43:11", "end": "00:43:15", "text": "of staff in Grock, you will have a chief"}, {"start": "00:43:13", "end": "00:43:16", "text": "of staff where you say, \"Hey, I want you"}, {"start": "00:43:15", "end": "00:43:18", "text": "to go build this stuff for me today.\""}, {"start": "00:43:16", "end": "00:43:21", "text": "And it'll decide whether to use Astra or"}, {"start": "00:43:18", "end": "00:43:23", "text": "Claude or Google Maps or Ways. That's"}, {"start": "00:43:21", "end": "00:43:25", "text": "what's going to happen. The reason this"}, {"start": "00:43:23", "end": "00:43:27", "text": "is important is for all the crypto"}, {"start": "00:43:25", "end": "00:43:30", "text": "innovators, this has followed the same"}, {"start": "00:43:27", "end": "00:43:33", "text": "playbook as the internet. The exact same"}, {"start": "00:43:30", "end": "00:43:37", "text": "one. The internet comes out in 1994."}, {"start": "00:43:33", "end": "00:43:40", "text": "We have the.com bubble until 2008. So"}, {"start": "00:43:37", "end": "00:43:42", "text": "basically 14 years after, let's just say"}, {"start": "00:43:40", "end": "00:43:45", "text": "the original white paper Netscape as"}, {"start": "00:43:42", "end": "00:43:47", "text": "opposed to the Bitcoin white paper. You"}, {"start": "00:43:45", "end": "00:43:48", "text": "have people doubting it. The way I said,"}, {"start": "00:43:47", "end": "00:43:50", "text": "yeah, I was around some people and had"}, {"start": "00:43:48", "end": "00:43:51", "text": "dinner and they're like they're done"}, {"start": "00:43:50", "end": "00:43:53", "text": "with Bitcoin. like they don't believe in"}, {"start": "00:43:51", "end": "00:43:55", "text": "it anymore. And I was like, \"Wow, just"}, {"start": "00:43:53", "end": "00:43:57", "text": "as I'm saying, this is the beginning of"}, {"start": "00:43:55", "end": "00:43:59", "text": "the biggest move ever.\""}, {"start": "00:43:57", "end": "00:44:01", "text": "But I'm glad you don't see it because"}, {"start": "00:43:59", "end": "00:44:03", "text": "you don't believe in the other stuff."}, {"start": "00:44:01", "end": "00:44:05", "text": "And this is where I'm a Bitcoin maxi in"}, {"start": "00:44:03", "end": "00:44:07", "text": "the very long term. Woo! No, no, no. I"}, {"start": "00:44:05", "end": "00:44:10", "text": "believe if you want to, let's let me"}, {"start": "00:44:07", "end": "00:44:12", "text": "rephrase it. I want an asset that will"}, {"start": "00:44:10", "end": "00:44:14", "text": "be growing in value for the next 30"}, {"start": "00:44:12", "end": "00:44:16", "text": "years, the only one I can say in my"}, {"start": "00:44:14", "end": "00:44:18", "text": "brain with certainty for the next 30"}, {"start": "00:44:16", "end": "00:44:20", "text": "years. Not the next five, not the next"}, {"start": "00:44:18", "end": "00:44:22", "text": "three that I believe is Bitcoin. That's"}, {"start": "00:44:20", "end": "00:44:23", "text": "it. The rest are innovations. They're"}, {"start": "00:44:22", "end": "00:44:25", "text": "like that story you gave of how many"}, {"start": "00:44:23", "end": "00:44:27", "text": "apps. It's like the LLMs. They just go"}, {"start": "00:44:25", "end": "00:44:30", "text": "faster and the competition comes. And"}, {"start": "00:44:27", "end": "00:44:32", "text": "growth has something to do with not just"}, {"start": "00:44:30", "end": "00:44:33", "text": "an innovative idea, but will competition"}, {"start": "00:44:32", "end": "00:44:35", "text": "catch up? And I think competition"}, {"start": "00:44:33", "end": "00:44:37", "text": "catches up. So the growth trajectory,"}, {"start": "00:44:35", "end": "00:44:41", "text": "the terminal value, as we talked about"}, {"start": "00:44:37", "end": "00:44:43", "text": "is gone. So I have written a paper about"}, {"start": "00:44:41", "end": "00:44:45", "text": "ghost rails, which is when you go to"}, {"start": "00:44:43", "end": "00:44:47", "text": "China and you see all these buildings"}, {"start": "00:44:45", "end": "00:44:49", "text": "that are built, they were built for a"}, {"start": "00:44:47", "end": "00:44:52", "text": "reason. They were built by the Chinese"}, {"start": "00:44:49", "end": "00:44:53", "text": "believing that they'd be flooded with"}, {"start": "00:44:52", "end": "00:44:54", "text": "people and the second that the people"}, {"start": "00:44:53", "end": "00:44:56", "text": "moved in, they'd start building"}, {"start": "00:44:54", "end": "00:44:58", "text": "restaurants and they'd start and every"}, {"start": "00:44:56", "end": "00:44:59", "text": "the ecosystem would just light up. These"}, {"start": "00:44:58", "end": "00:45:01", "text": "are the ghost cities in China."}, {"start": "00:44:59", "end": "00:45:03", "text": ">> The ghost cities in China. That's where"}, {"start": "00:45:01", "end": "00:45:05", "text": "crypto is right now. They're ghost"}, {"start": "00:45:03", "end": "00:45:07", "text": "rails. They're not being used because"}, {"start": "00:45:05", "end": "00:45:09", "text": "humans would never use them for the"}, {"start": "00:45:07", "end": "00:45:12", "text": "reasons that you guys are talking about."}, {"start": "00:45:09", "end": "00:45:15", "text": "We're not capable or needing something"}, {"start": "00:45:12", "end": "00:45:18", "text": "so fast that's fractionalized. We don't"}, {"start": "00:45:15", "end": "00:45:19", "text": "need it. Bitcoin. You need something"}, {"start": "00:45:18", "end": "00:45:21", "text": "like Bitcoin to bring the"}, {"start": "00:45:19", "end": "00:45:23", "text": "entrepreneurial capital in. That's what"}, {"start": "00:45:21", "end": "00:45:24", "text": "the internet was. Ethereum and Bitcoin"}, {"start": "00:45:23", "end": "00:45:26", "text": "represent the internet. You don't know"}, {"start": "00:45:24", "end": "00:45:29", "text": "what it means. You don't know how to"}, {"start": "00:45:26", "end": "00:45:31", "text": "value it. But it is the thing that will"}, {"start": "00:45:29", "end": "00:45:33", "text": "have all of these layer 2 built on top"}, {"start": "00:45:31", "end": "00:45:34", "text": "of it, which is what happens when you"}, {"start": "00:45:33", "end": "00:45:36", "text": "light up the city. The reason we are"}, {"start": "00:45:34", "end": "00:45:38", "text": "lighting up the city now, people, is"}, {"start": "00:45:36", "end": "00:45:40", "text": "because the users of those rails are"}, {"start": "00:45:38", "end": "00:45:41", "text": "finally coming in. And they're instinct"}, {"start": "00:45:40", "end": "00:45:44", "text": "AI, their muse, and they're all the ones"}, {"start": "00:45:41", "end": "00:45:46", "text": "that are coming. That's why the swarm"}, {"start": "00:45:44", "end": "00:45:48", "text": "swarm equals cryptog guardrails. Plain"}, {"start": "00:45:46", "end": "00:45:50", "text": "and simple for me. And again, this is a"}, {"start": "00:45:48", "end": "00:45:52", "text": "macro person saying, \"I've seen this act"}, {"start": "00:45:50", "end": "00:45:54", "text": "before. The railroads, we build all"}, {"start": "00:45:52", "end": "00:45:55", "text": "these railroads. There's tons of debt.\""}, {"start": "00:45:54", "end": "00:45:57", "text": "Yeah. Because we're betting when the"}, {"start": "00:45:55", "end": "00:46:00", "text": "humans are going to use them relative to"}, {"start": "00:45:57", "end": "00:46:02", "text": "the debt maturing. This is not the same"}, {"start": "00:46:00", "end": "00:46:04", "text": "story. We are not building AI hoping"}, {"start": "00:46:02", "end": "00:46:06", "text": "that humans will come in and use it. We"}, {"start": "00:46:04", "end": "00:46:09", "text": "solved that problem in October of last"}, {"start": "00:46:06", "end": "00:46:10", "text": "year. The agents were the ones who were"}, {"start": "00:46:09", "end": "00:46:12", "text": "going to use the compute. They're the"}, {"start": "00:46:10", "end": "00:46:15", "text": "ones sucking up the tokens and right now"}, {"start": "00:46:12", "end": "00:46:17", "text": "they're about to suck up transactions"}, {"start": "00:46:15", "end": "00:46:19", "text": "and payments because consumer agents"}, {"start": "00:46:17", "end": "00:46:20", "text": "will be the story for the next year."}, {"start": "00:46:19", "end": "00:46:22", "text": ">> Today's episode is brought to you by"}, {"start": "00:46:20", "end": "00:46:24", "text": "Arch Public. Arch Public has just"}, {"start": "00:46:22", "end": "00:46:26", "text": "expanded its agentic trading platform"}, {"start": "00:46:24", "end": "00:46:28", "text": "beyond crypto. So pay attention. This is"}, {"start": "00:46:26", "end": "00:46:29", "text": "a big one. Now they are automating"}, {"start": "00:46:28", "end": "00:46:31", "text": "strategies across stocks, commodities,"}, {"start": "00:46:29", "end": "00:46:33", "text": "and ETFs. And I think that this is going"}, {"start": "00:46:31", "end": "00:46:35", "text": "to be huge. You can now automatically"}, {"start": "00:46:33", "end": "00:46:37", "text": "take profits when one market hits new"}, {"start": "00:46:35", "end": "00:46:38", "text": "all-time highs and rotate that capital"}, {"start": "00:46:37", "end": "00:46:40", "text": "into other markets showing more"}, {"start": "00:46:38", "end": "00:46:42", "text": "opportunity. Whether you're rotating"}, {"start": "00:46:40", "end": "00:46:44", "text": "capital into AI stocks, gold, if you're"}, {"start": "00:46:42", "end": "00:46:46", "text": "investing in the S&P 500, or you're"}, {"start": "00:46:44", "end": "00:46:48", "text": "accumulating Bitcoin, Arch Public brings"}, {"start": "00:46:46", "end": "00:46:49", "text": "real discipline and automation to your"}, {"start": "00:46:48", "end": "00:46:51", "text": "investment strategy. Additionally,"}, {"start": "00:46:49", "end": "00:46:53", "text": "they've launched a powerful new tax loss"}, {"start": "00:46:51", "end": "00:46:55", "text": "harvesting tool. With crypto being so"}, {"start": "00:46:53", "end": "00:46:57", "text": "volatile and its exemption from the wash"}, {"start": "00:46:55", "end": "00:46:59", "text": "sale rule, Arch Public can offset gains"}, {"start": "00:46:57", "end": "00:47:01", "text": "with losses without compromising your"}, {"start": "00:46:59", "end": "00:47:03", "text": "long-term positions. It's exactly what"}, {"start": "00:47:01", "end": "00:47:04", "text": "every serious investor does."}, {"start": "00:47:03", "end": "00:47:06", "text": "Institutional grade automation that"}, {"start": "00:47:04", "end": "00:47:08", "text": "works across every major asset class."}, {"start": "00:47:06", "end": "00:47:10", "text": "There's no more emotional trading, no"}, {"start": "00:47:08", "end": "00:47:12", "text": "more missing tax opportunities, just"}, {"start": "00:47:10", "end": "00:47:14", "text": "smarter, hands-free execution of your"}, {"start": "00:47:12", "end": "00:47:15", "text": "preferred strategies. Go to"}, {"start": "00:47:14", "end": "00:47:17", "text": "archpubic.com"}, {"start": "00:47:15", "end": "00:47:19", "text": "right now. Connect with our team, set up"}, {"start": "00:47:17", "end": "00:47:21", "text": "a time, bring your accountant if you'd"}, {"start": "00:47:19", "end": "00:47:24", "text": "like. Then you can learn what automated"}, {"start": "00:47:21", "end": "00:47:26", "text": "trading can do for you. archpub.com."}, {"start": "00:47:24", "end": "00:47:28", "text": "Today's episode is brought to you by"}, {"start": "00:47:26", "end": "00:47:31", "text": "Token 2049. The largest conference in"}, {"start": "00:47:28", "end": "00:47:33", "text": "crypto is back. Token 2049 will host"}, {"start": "00:47:31", "end": "00:47:35", "text": "25,000 people, 300 speakers, and a"}, {"start": "00:47:33", "end": "00:47:38", "text": "thousand plus side events in Singapore"}, {"start": "00:47:35", "end": "00:47:40", "text": "on October 7th and 8th at Marina Bay"}, {"start": "00:47:38", "end": "00:47:42", "text": "Sands. The speaker list is absolutely"}, {"start": "00:47:40", "end": "00:47:44", "text": "stacked. Shane Copeland from Poly"}, {"start": "00:47:42", "end": "00:47:46", "text": "Market, Jeff Yan from Hyperlquid, Adena"}, {"start": "00:47:44", "end": "00:47:48", "text": "Freriedman from NASDAQ, Arthur Hayes,"}, {"start": "00:47:46", "end": "00:47:50", "text": "Balagi, and Eric Trump. Crypto and"}, {"start": "00:47:48", "end": "00:47:51", "text": "traditional finance in the same"}, {"start": "00:47:50", "end": "00:47:53", "text": "building, which tells you a lot about"}, {"start": "00:47:51", "end": "00:47:55", "text": "where this is going. And the conference"}, {"start": "00:47:53", "end": "00:47:57", "text": "runs right into F1 weekend, so the whole"}, {"start": "00:47:55", "end": "00:47:58", "text": "thing turns into one giant week. If"}, {"start": "00:47:57", "end": "00:48:01", "text": "you're headed to Singapore, use code"}, {"start": "00:47:58", "end": "00:48:04", "text": "POMP 10 for 10% off your ticket. Token"}, {"start": "00:48:01", "end": "00:48:05", "text": "2049, October 7th and 8th in Singapore."}, {"start": "00:48:04", "end": "00:48:08", "text": "Go check them out in the link in the"}, {"start": "00:48:05", "end": "00:48:11", "text": "description. So, I know that you're very"}, {"start": "00:48:08", "end": "00:48:13", "text": "bullish on uh non Bitcoin crypto stuff."}, {"start": "00:48:11", "end": "00:48:15", "text": "And as you know, uh I'm less bullish on"}, {"start": "00:48:13", "end": "00:48:18", "text": "that stuff. Uh and some of it admittedly"}, {"start": "00:48:15", "end": "00:48:21", "text": "may just be uh I historically have seen"}, {"start": "00:48:18", "end": "00:48:23", "text": "lots of promises, not a lot of results,"}, {"start": "00:48:21", "end": "00:48:24", "text": "and these things go up, they go down,"}, {"start": "00:48:23", "end": "00:48:25", "text": "you can trade it, right? But for the"}, {"start": "00:48:24", "end": "00:48:27", "text": "most part, everything ends up at"}, {"start": "00:48:25", "end": "00:48:30", "text": ">> Pets.com. Pets.com."}, {"start": "00:48:27", "end": "00:48:32", "text": ">> Yeah. You just people uh they can go out"}, {"start": "00:48:30", "end": "00:48:33", "text": "into the wilderness, but they want to"}, {"start": "00:48:32", "end": "00:48:35", "text": "come home and home is Bitcoin is"}, {"start": "00:48:33", "end": "00:48:38", "text": "basically the the uh the story of the"}, {"start": "00:48:35", "end": "00:48:40", "text": "crypto industry for a long time. Now,"}, {"start": "00:48:38", "end": "00:48:41", "text": "with that said, if I try to be as"}, {"start": "00:48:40", "end": "00:48:43", "text": "intellectually honest as possible and I"}, {"start": "00:48:41", "end": "00:48:47", "text": "flip around the table and argue against"}, {"start": "00:48:43", "end": "00:48:49", "text": "that view, pretty much the only thing"}, {"start": "00:48:47", "end": "00:48:50", "text": "that I could wrap my head around where"}, {"start": "00:48:49", "end": "00:48:54", "text": "I'm like, okay, this would be my best"}, {"start": "00:48:50", "end": "00:48:57", "text": "argument is you have a expanding market"}, {"start": "00:48:54", "end": "00:49:00", "text": "of users, not from humans, but from the"}, {"start": "00:48:57", "end": "00:49:03", "text": "agents. So if you go back to, you know,"}, {"start": "00:49:00", "end": "00:49:07", "text": "our company of 15 or less people and"}, {"start": "00:49:03", "end": "00:49:08", "text": "tens of maybe 100 plus agents, that's a"}, {"start": "00:49:07", "end": "00:49:11", "text": "pretty big expansion without the humans"}, {"start": "00:49:08", "end": "00:49:13", "text": "needing to grow very quickly. So if that"}, {"start": "00:49:11", "end": "00:49:15", "text": "is the case, then they do need somewhere"}, {"start": "00:49:13", "end": "00:49:17", "text": "to go. Now the question or or maybe the"}, {"start": "00:49:15", "end": "00:49:19", "text": "thing I don't know is do they just use"}, {"start": "00:49:17", "end": "00:49:21", "text": "stable coins and Bitcoin or do they go"}, {"start": "00:49:19", "end": "00:49:23", "text": "to what you call like these ghost rails?"}, {"start": "00:49:21", "end": "00:49:26", "text": "If they go longtail into the ghost"}, {"start": "00:49:23", "end": "00:49:27", "text": "rails, etc., then yes, you'll have a lot"}, {"start": "00:49:26", "end": "00:49:29", "text": "more usage. you'll have a lot more"}, {"start": "00:49:27", "end": "00:49:32", "text": "adoption and just naturally you have"}, {"start": "00:49:29", "end": "00:49:34", "text": "assets that will go up in in price."}, {"start": "00:49:32", "end": "00:49:37", "text": "One detail that does not get a lot of"}, {"start": "00:49:34", "end": "00:49:39", "text": "attention which I think is hiding in"}, {"start": "00:49:37", "end": "00:49:42", "text": "plain sight. You know who one of the the"}, {"start": "00:49:39", "end": "00:49:44", "text": "most gung-ho kind of supportive people"}, {"start": "00:49:42", "end": "00:49:46", "text": "of AI investing hundreds of millions of"}, {"start": "00:49:44", "end": "00:49:49", "text": "dollars in AI and no one ever talks"}, {"start": "00:49:46", "end": "00:49:52", "text": "about them? Tether."}, {"start": "00:49:49", "end": "00:49:53", "text": "Why is Tether investing so much money in"}, {"start": "00:49:52", "end": "00:49:57", "text": "AI?"}, {"start": "00:49:53", "end": "00:49:59", "text": "My belief is because Paulo"}, {"start": "00:49:57", "end": "00:50:02", "text": "understands exactly what's happening and"}, {"start": "00:49:59", "end": "00:50:07", "text": "if you can create"}, {"start": "00:50:02", "end": "00:50:10", "text": "models, privacy agents, stable coins,"}, {"start": "00:50:07", "end": "00:50:13", "text": "that becomes a stack that's really"}, {"start": "00:50:10", "end": "00:50:17", "text": "powerful. You know who else seems to be"}, {"start": "00:50:13", "end": "00:50:19", "text": "very interested in AI in crypto? Vlad."}, {"start": "00:50:17", "end": "00:50:23", "text": "Vlad. But Stripe, I don't know if you"}, {"start": "00:50:19", "end": "00:50:24", "text": "saw the recent chart of Tempo,"}, {"start": "00:50:23", "end": "00:50:26", "text": ">> and all my friends over at Tempo will be"}, {"start": "00:50:24", "end": "00:50:28", "text": "excited that I'm bringing them up, but"}, {"start": "00:50:26", "end": "00:50:28", "text": "the chart is incredibly impressive. It's"}, {"start": "00:50:28", "end": "00:50:29", "text": "ramping."}, {"start": "00:50:28", "end": "00:50:33", "text": ">> Mhm."}, {"start": "00:50:29", "end": "00:50:36", "text": ">> Now, what are they doing in terms of is"}, {"start": "00:50:33", "end": "00:50:38", "text": "Stripe somehow pushing it and giving it"}, {"start": "00:50:36", "end": "00:50:40", "text": "an advantage? Is there some sort of like"}, {"start": "00:50:38", "end": "00:50:43", "text": "seeding? You know, I always go back to"}, {"start": "00:50:40", "end": "00:50:44", "text": "when Figure Technologies first started,"}, {"start": "00:50:43", "end": "00:50:47", "text": "Mike wanted to create a decentralized"}, {"start": "00:50:44", "end": "00:50:49", "text": "DTCC or clearing house and nobody was"}, {"start": "00:50:47", "end": "00:50:50", "text": "there. it was a ghost settlement. So"}, {"start": "00:50:49", "end": "00:50:52", "text": "he's like, \"Well, I'll get in the"}, {"start": "00:50:50", "end": "00:50:53", "text": "origination business to kind of get one"}, {"start": "00:50:52", "end": "00:50:55", "text": "side of the marketplace going and then"}, {"start": "00:50:53", "end": "00:50:56", "text": "I'll go and get the other side and and"}, {"start": "00:50:55", "end": "00:50:57", "text": "induce them essentially.\""}, {"start": "00:50:56", "end": "00:50:59", "text": ">> Mhm."}, {"start": "00:50:57", "end": "00:51:00", "text": ">> If that's what's happening, okay, we we"}, {"start": "00:50:59", "end": "00:51:02", "text": "should probably understand that. But"}, {"start": "00:51:00", "end": "00:51:04", "text": "even if that's happening, adoption is"}, {"start": "00:51:02", "end": "00:51:07", "text": "ramping. And so you have some of the"}, {"start": "00:51:04", "end": "00:51:10", "text": "largest financial players in the world"}, {"start": "00:51:07", "end": "00:51:12", "text": "who all seem to be arriving at crypto"}, {"start": "00:51:10", "end": "00:51:14", "text": "and AI is merging here. And I think"}, {"start": "00:51:12", "end": "00:51:15", "text": "you're probably from the investment side"}, {"start": "00:51:14", "end": "00:51:17", "text": "one of the only people in the world"}, {"start": "00:51:15", "end": "00:51:20", "text": "raising your hand saying guys this"}, {"start": "00:51:17", "end": "00:51:22", "text": "convergence is where majority of the"}, {"start": "00:51:20", "end": "00:51:23", "text": "asymmetry is going to be for the next 5"}, {"start": "00:51:22", "end": "00:51:26", "text": "or 10 years."}, {"start": "00:51:23", "end": "00:51:27", "text": ">> So let let me take you down why this has"}, {"start": "00:51:26", "end": "00:51:29", "text": "been so interesting to me. I don't think"}, {"start": "00:51:27", "end": "00:51:31", "text": "I would have made this bet on AI and"}, {"start": "00:51:29", "end": "00:51:33", "text": "crypto merging which is the bet I made 2"}, {"start": "00:51:31", "end": "00:51:35", "text": "years ago without having gone to"}, {"start": "00:51:33", "end": "00:51:37", "text": "Singularity University in 2013. I've"}, {"start": "00:51:35", "end": "00:51:40", "text": "talked about the story but I came back"}, {"start": "00:51:37", "end": "00:51:42", "text": "from China and the ghost city thing was"}, {"start": "00:51:40", "end": "00:51:44", "text": "now a past. It was basically they're"}, {"start": "00:51:42", "end": "00:51:46", "text": "done. They're not going to be driving"}, {"start": "00:51:44", "end": "00:51:48", "text": "global growth anymore. The one of the"}, {"start": "00:51:46", "end": "00:51:52", "text": "funniest things about to get back to the"}, {"start": "00:51:48", "end": "00:51:55", "text": "oil thing. So, one of my first trips to"}, {"start": "00:51:52", "end": "00:51:58", "text": "to China or maybe my third or fourth,"}, {"start": "00:51:55", "end": "00:52:01", "text": "oil was at 150. That was back in 2008. I"}, {"start": "00:51:58", "end": "00:52:07", "text": "I I want to say that again."}, {"start": "00:52:01", "end": "00:52:08", "text": "In 2008, the price of oil was"}, {"start": "00:52:07", "end": "00:52:12", "text": "150."}, {"start": "00:52:08", "end": "00:52:14", "text": "Where is it today? It's 100."}, {"start": "00:52:12", "end": "00:52:18", "text": "Household net worth is up I think three"}, {"start": "00:52:14", "end": "00:52:22", "text": "and a half times. It's at 195 trillion."}, {"start": "00:52:18", "end": "00:52:25", "text": "Not the assets, the net worth."}, {"start": "00:52:22", "end": "00:52:28", "text": "So I recognize that this was now stupid."}, {"start": "00:52:25", "end": "00:52:30", "text": "We had printed money to a an enormous"}, {"start": "00:52:28", "end": "00:52:32", "text": "potential. The oil price relative to"}, {"start": "00:52:30", "end": "00:52:34", "text": "disposable income is the lowest ever in"}, {"start": "00:52:32", "end": "00:52:35", "text": "the history of the country. Yet oil"}, {"start": "00:52:34", "end": "00:52:37", "text": "matters to all of us. We're going to die"}, {"start": "00:52:35", "end": "00:52:39", "text": "with oil. It's going to kill the"}, {"start": "00:52:37", "end": "00:52:41", "text": "economy. Do you think one person who's"}, {"start": "00:52:39", "end": "00:52:43", "text": "worth three and a half times what they"}, {"start": "00:52:41", "end": "00:52:44", "text": "were worth when that's the total sum is"}, {"start": "00:52:43", "end": "00:52:46", "text": "three and a half times what it was when"}, {"start": "00:52:44", "end": "00:52:48", "text": "oil was 150. So now oil's at a discount."}, {"start": "00:52:46", "end": "00:52:51", "text": "So relative to the household net worth."}, {"start": "00:52:48", "end": "00:52:52", "text": "This is literally stupid. People try to"}, {"start": "00:52:51", "end": "00:52:54", "text": "scare you and they try to go through it."}, {"start": "00:52:52", "end": "00:52:58", "text": "I went to Silicon Valley cuz I had to"}, {"start": "00:52:54", "end": "00:52:59", "text": "ask the question. I know the S&P 500 is"}, {"start": "00:52:58", "end": "00:53:02", "text": "about innovation. That's what it is."}, {"start": "00:52:59", "end": "00:53:04", "text": "It's an innovation index. It's about"}, {"start": "00:53:02", "end": "00:53:06", "text": "things will be better. It's the Joseph"}, {"start": "00:53:04", "end": "00:53:08", "text": "Shumper we go through. It's the actual"}, {"start": "00:53:06", "end": "00:53:09", "text": "definition of we get rid of the weak, we"}, {"start": "00:53:08", "end": "00:53:11", "text": "keep the new, but it's about creative"}, {"start": "00:53:09", "end": "00:53:13", "text": "destruction. The mag seven get to be"}, {"start": "00:53:11", "end": "00:53:14", "text": "concentrated anthropic and open AI"}, {"start": "00:53:13", "end": "00:53:18", "text": "duopoly. It's about creative"}, {"start": "00:53:14", "end": "00:53:20", "text": "destruction. So for me as a macro"}, {"start": "00:53:18", "end": "00:53:23", "text": "person, I think I'm the only one my age"}, {"start": "00:53:20", "end": "00:53:26", "text": "that had the curiosity to go, if not"}, {"start": "00:53:23", "end": "00:53:29", "text": "commodities, if not housing, if not"}, {"start": "00:53:26", "end": "00:53:31", "text": "this, then what? What is this Amazon"}, {"start": "00:53:29", "end": "00:53:34", "text": "thing traded in infinity PE for the last"}, {"start": "00:53:31", "end": "00:53:36", "text": "17 years up 26,000? I'm curious. I"}, {"start": "00:53:34", "end": "00:53:39", "text": "wanted to go see and I went in there and"}, {"start": "00:53:36", "end": "00:53:40", "text": "heard that I wasn't going to die. And"}, {"start": "00:53:39", "end": "00:53:43", "text": "I'm looking around going, \"What? They're"}, {"start": "00:53:40", "end": "00:53:45", "text": "not talking about this on on TV. They're"}, {"start": "00:53:43", "end": "00:53:47", "text": "saying we're all going to die tomorrow."}, {"start": "00:53:45", "end": "00:53:49", "text": "I'm being told by you guys that we'll"}, {"start": "00:53:47", "end": "00:53:51", "text": "figure out how to live forever.\" And if"}, {"start": "00:53:49", "end": "00:53:53", "text": "that's the case, I need to change my"}, {"start": "00:53:51", "end": "00:53:56", "text": "macro mind and start thinking about what"}, {"start": "00:53:53", "end": "00:53:57", "text": "that means. And I didn't buy into"}, {"start": "00:53:56", "end": "00:54:01", "text": "Bitcoin at that point, but I did buy"}, {"start": "00:53:57", "end": "00:54:03", "text": "into by 2014 and 15 into the blockchain."}, {"start": "00:54:01", "end": "00:54:05", "text": "It made sense to me that this is where"}, {"start": "00:54:03", "end": "00:54:08", "text": "business would be conducted. Now, fast"}, {"start": "00:54:05", "end": "00:54:10", "text": "forward a decade. It's playing the exact"}, {"start": "00:54:08", "end": "00:54:12", "text": "same path as the internet. And that's"}, {"start": "00:54:10", "end": "00:54:15", "text": "the one thing I will say to people. It"}, {"start": "00:54:12", "end": "00:54:17", "text": "took a long time. Netscape was 94. The"}, {"start": "00:54:15", "end": "00:54:19", "text": "iPhone was 2007. It was 13 years. The"}, {"start": "00:54:17", "end": "00:54:20", "text": "App Store came later. So, let's say"}, {"start": "00:54:19", "end": "00:54:22", "text": "2009."}, {"start": "00:54:20", "end": "00:54:23", "text": "15 years. When did the Bitcoin white"}, {"start": "00:54:22", "end": "00:54:26", "text": "paper came out? Where are we now? We're"}, {"start": "00:54:23", "end": "00:54:29", "text": "on the exact same timeline. You need to"}, {"start": "00:54:26", "end": "00:54:31", "text": "have the users come in for the benefit"}, {"start": "00:54:29", "end": "00:54:33", "text": "of what happens. If there is no"}, {"start": "00:54:31", "end": "00:54:35", "text": "smartphone, there is no Uber. You can't"}, {"start": "00:54:33", "end": "00:54:37", "text": "carry your laptop around and start"}, {"start": "00:54:35", "end": "00:54:39", "text": "ordering. You needed this smartphone"}, {"start": "00:54:37", "end": "00:54:41", "text": "thing. And right now, the AI agents are"}, {"start": "00:54:39", "end": "00:54:44", "text": "there. So, when I listen to one of the"}, {"start": "00:54:41", "end": "00:54:47", "text": "former or one of the co-authors of the"}, {"start": "00:54:44", "end": "00:54:49", "text": "Transformer paper, which opened up AI,"}, {"start": "00:54:47", "end": "00:54:52", "text": "and I'm listening to him inside the"}, {"start": "00:54:49", "end": "00:54:53", "text": "crypto space in Near doing this agent to"}, {"start": "00:54:52", "end": "00:54:55", "text": "agent, and I look at Near and I see it"}, {"start": "00:54:53", "end": "00:54:57", "text": "going parabolic the same time that Zcash"}, {"start": "00:54:55", "end": "00:54:59", "text": "is in the same time Instinct is coming"}, {"start": "00:54:57", "end": "00:55:01", "text": "out. I'm like, whoa, agents are"}, {"start": "00:54:59", "end": "00:55:03", "text": "happening. So, I'm a macro person that"}, {"start": "00:55:01", "end": "00:55:05", "text": "does not believe he's smart. What I"}, {"start": "00:55:03", "end": "00:55:08", "text": "believe is I let the market and the"}, {"start": "00:55:05", "end": "00:55:10", "text": "capital going as insider information for"}, {"start": "00:55:08", "end": "00:55:12", "text": "what's happening. That's why Bitcoin is"}, {"start": "00:55:10", "end": "00:55:14", "text": "not the right place to look. And for all"}, {"start": "00:55:12", "end": "00:55:17", "text": "of you who think,"}, {"start": "00:55:14", "end": "00:55:20", "text": ">> if you think that Bitcoin was going to"}, {"start": "00:55:17", "end": "00:55:23", "text": "get to 20 trillion"}, {"start": "00:55:20", "end": "00:55:26", "text": "without the wealthy old baby boomers to"}, {"start": "00:55:23", "end": "00:55:28", "text": "believe in it, you're crazy. waiting for"}, {"start": "00:55:26", "end": "00:55:30", "text": "everyone to die to hand their money down"}, {"start": "00:55:28", "end": "00:55:32", "text": "the kids is not a short-term what I'm"}, {"start": "00:55:30", "end": "00:55:34", "text": "talking about you actually need the"}, {"start": "00:55:32", "end": "00:55:36", "text": "innovation to be useful and as much as I"}, {"start": "00:55:34", "end": "00:55:38", "text": "love Bitcoin as collateral and as large"}, {"start": "00:55:36", "end": "00:55:40", "text": "transactions and the trust Ethereum"}, {"start": "00:55:38", "end": "00:55:42", "text": "trust these are the places that because"}, {"start": "00:55:40", "end": "00:55:44", "text": "of their size and their legacy they will"}, {"start": "00:55:42", "end": "00:55:47", "text": "be the main ones that will make all of"}, {"start": "00:55:44", "end": "00:55:49", "text": "the institutions comfortable you need an"}, {"start": "00:55:47", "end": "00:55:50", "text": "innovation to get the entrepreneurs to"}, {"start": "00:55:49", "end": "00:55:53", "text": "build on it and keep going and that's"}, {"start": "00:55:50", "end": "00:55:54", "text": "where the ghost city comes in for that"}, {"start": "00:55:53", "end": "00:55:56", "text": "you need agents and the agents are"}, {"start": "00:55:54", "end": "00:55:56", "text": "coming Okay, let me play uh Devil's"}, {"start": "00:55:56", "end": "00:55:57", "text": "Advocate."}, {"start": "00:55:56", "end": "00:55:59", "text": ">> Okay,"}, {"start": "00:55:57", "end": "00:56:00", "text": ">> the ghost cities are still empty in"}, {"start": "00:55:59", "end": "00:56:02", "text": "China."}, {"start": "00:56:00", "end": "00:56:07", "text": ">> No, they're not."}, {"start": "00:56:02", "end": "00:56:09", "text": ">> The rails are still empty today."}, {"start": "00:56:07", "end": "00:56:11", "text": "At what point do you say"}, {"start": "00:56:09", "end": "00:56:13", "text": "we've gone long enough, I have to change"}, {"start": "00:56:11", "end": "00:56:15", "text": "my mind? Is this like a over the next"}, {"start": "00:56:13", "end": "00:56:17", "text": "year, over the next 5 years, like how do"}, {"start": "00:56:15", "end": "00:56:19", "text": "you look at we know the technology is"}, {"start": "00:56:17", "end": "00:56:21", "text": "there."}, {"start": "00:56:19", "end": "00:56:24", "text": "What is like your exit point from this"}, {"start": "00:56:21", "end": "00:56:26", "text": "view of either level of adoption"}, {"start": "00:56:24", "end": "00:56:27", "text": "timeline like how do you think about"}, {"start": "00:56:26", "end": "00:56:29", "text": "okay you know I I believe this is going"}, {"start": "00:56:27", "end": "00:56:30", "text": "to happen at what point would you change"}, {"start": "00:56:29", "end": "00:56:33", "text": "your mind if it doesn't"}, {"start": "00:56:30", "end": "00:56:35", "text": ">> so I'm going to use the Micron example"}, {"start": "00:56:33", "end": "00:56:37", "text": "last year the or over the year the"}, {"start": "00:56:35", "end": "00:56:40", "text": "reason I made so much money in micron"}, {"start": "00:56:37", "end": "00:56:44", "text": "flex is because of inference I was"}, {"start": "00:56:40", "end": "00:56:46", "text": "betting on what is basically agents"}, {"start": "00:56:44", "end": "00:56:48", "text": ">> we didn't have we had to get the IQ up"}, {"start": "00:56:46", "end": "00:56:50", "text": "to 150 before the agents would kick in"}, {"start": "00:56:48", "end": "00:56:52", "text": "that's I'm saying if you look at the"}, {"start": "00:56:50", "end": "00:56:54", "text": "Leopold that he laid it all out. The one"}, {"start": "00:56:52", "end": "00:56:56", "text": "thing I know about the singularity is"}, {"start": "00:56:54", "end": "00:56:56", "text": "it's a math problem."}, {"start": "00:56:56", "end": "00:56:58", "text": ">> Mhm."}, {"start": "00:56:56", "end": "00:57:00", "text": ">> And I know this is going to sound"}, {"start": "00:56:58", "end": "00:57:02", "text": "strange to people, but it's a math"}, {"start": "00:57:00", "end": "00:57:04", "text": "problem. It really is. Like it's just a"}, {"start": "00:57:02", "end": "00:57:05", "text": "you're compounding at a certain rate."}, {"start": "00:57:04", "end": "00:57:07", "text": "That's why when they say we're going to"}, {"start": "00:57:05", "end": "00:57:08", "text": "eventually run into where it's not going"}, {"start": "00:57:07", "end": "00:57:10", "text": "to compound anymore. Moore's law will"}, {"start": "00:57:08", "end": "00:57:11", "text": "end. Well, we got past that and we went"}, {"start": "00:57:10", "end": "00:57:14", "text": "to the next thing and the next thing and"}, {"start": "00:57:11", "end": "00:57:17", "text": "the next thing. It's a math problem. So"}, {"start": "00:57:14", "end": "00:57:19", "text": "that means that a year from now, agents"}, {"start": "00:57:17", "end": "00:57:22", "text": "will be proliferating. There's no way"}, {"start": "00:57:19", "end": "00:57:23", "text": "they won't be unless they destroy the"}, {"start": "00:57:22", "end": "00:57:25", "text": "internet and all humanity."}, {"start": "00:57:23", "end": "00:57:26", "text": ">> Do you know why I think that this is"}, {"start": "00:57:25", "end": "00:57:29", "text": "like a foregone conclusion? I had a"}, {"start": "00:57:26", "end": "00:57:31", "text": "realization this week that I am uh sad"}, {"start": "00:57:29", "end": "00:57:32", "text": "to admit, but it's true. I I've come to"}, {"start": "00:57:31", "end": "00:57:32", "text": "terms with it."}, {"start": "00:57:32", "end": "00:57:35", "text": ">> Okay."}, {"start": "00:57:32", "end": "00:57:38", "text": ">> The agents are smarter than me."}, {"start": "00:57:35", "end": "00:57:39", "text": ">> The like IQ wise, there are now agents"}, {"start": "00:57:38", "end": "00:57:41", "text": "that are"}, {"start": "00:57:39", "end": "00:57:44", "text": ">> just now at 150. You didn't think maybe"}, {"start": "00:57:41", "end": "00:57:46", "text": "110, 120. Well, 80 IQ, you know, there"}, {"start": "00:57:44", "end": "00:57:48", "text": "was it wasn't a high bar they had to"}, {"start": "00:57:46", "end": "00:57:50", "text": "jump over. But like it it hit me. I'm"}, {"start": "00:57:48", "end": "00:57:52", "text": "like, \"Wait a minute. The agent is"}, {"start": "00:57:50", "end": "00:57:54", "text": "actually smarter than me now,"}, {"start": "00:57:52", "end": "00:57:54", "text": ">> right?\" And so once you hit a 150, I"}, {"start": "00:57:54", "end": "00:57:56", "text": "mean, there's very few people in the"}, {"start": "00:57:54", "end": "00:57:58", "text": "world that is not smarter than, right?"}, {"start": "00:57:56", "end": "00:58:00", "text": "There is, however, a 13-year-old kid"}, {"start": "00:57:58", "end": "00:58:04", "text": "here in I believe he's in New York who"}, {"start": "00:58:00", "end": "00:58:07", "text": "recently um he's at NYU and uh he got"}, {"start": "00:58:04", "end": "00:58:08", "text": "like a 1590 on the SAT at 10 years old"}, {"start": "00:58:07", "end": "00:58:10", "text": "or something, right? He's got like 160"}, {"start": "00:58:08", "end": "00:58:11", "text": "IQ. So like there there's a couple out"}, {"start": "00:58:10", "end": "00:58:15", "text": "there. Um not me. they're not smarter"}, {"start": "00:58:11", "end": "00:58:16", "text": "than 150 IQ LLM."}, {"start": "00:58:15", "end": "00:58:18", "text": "So you you look at that and you say okay"}, {"start": "00:58:16", "end": "00:58:20", "text": "wait a second if we all are comfortable"}, {"start": "00:58:18", "end": "00:58:23", "text": "admitting to ourselves that they are"}, {"start": "00:58:20", "end": "00:58:25", "text": "smarter than us now then it is just a"}, {"start": "00:58:23", "end": "00:58:27", "text": "context and memory problem right it's"}, {"start": "00:58:25", "end": "00:58:28", "text": "just like how much context do they have"}, {"start": "00:58:27", "end": "00:58:30", "text": "and can they persistently hold that"}, {"start": "00:58:28", "end": "00:58:32", "text": "memory and then in a weird way of like"}, {"start": "00:58:30", "end": "00:58:35", "text": "can you prompt it correctly"}, {"start": "00:58:32", "end": "00:58:37", "text": ">> but like the horsepower is there and so"}, {"start": "00:58:35", "end": "00:58:39", "text": "if that is all true of course they're"}, {"start": "00:58:37", "end": "00:58:42", "text": "going to become pervasive everywhere"}, {"start": "00:58:39", "end": "00:58:43", "text": "because people for centuries have been"}, {"start": "00:58:42", "end": "00:58:45", "text": "looking for the highest IQ most"}, {"start": "00:58:43", "end": "00:58:47", "text": "intelligence they could possibly find."}, {"start": "00:58:45", "end": "00:58:49", "text": ">> So, let's go back to your question for"}, {"start": "00:58:47", "end": "00:58:53", "text": "everyone listening."}, {"start": "00:58:49", "end": "00:58:57", "text": "If Bitcoin is below 80,000, okay, I'll"}, {"start": "00:58:53", "end": "00:58:58", "text": "even say by the end of October, there's"}, {"start": "00:58:57", "end": "00:59:00", "text": "a problem. And so, I'm going to use the"}, {"start": "00:58:58", "end": "00:59:04", "text": "Micron example."}, {"start": "00:59:00", "end": "00:59:08", "text": "The reason Micron went higher is because"}, {"start": "00:59:04", "end": "00:59:11", "text": "you go from very few people believing or"}, {"start": "00:59:08", "end": "00:59:12", "text": "seeing the economic impact from the"}, {"start": "00:59:11", "end": "00:59:14", "text": "thing. So, inference was becoming"}, {"start": "00:59:12", "end": "00:59:16", "text": "something. And for those of you who are"}, {"start": "00:59:14", "end": "00:59:20", "text": "subscribers, if you go to the piece I"}, {"start": "00:59:16", "end": "00:59:23", "text": "wrote in May about inference and I"}, {"start": "00:59:20", "end": "00:59:24", "text": "highlight the Sundar Pachai, how many"}, {"start": "00:59:23", "end": "00:59:27", "text": "trillions of tokens were used and I go"}, {"start": "00:59:24", "end": "00:59:30", "text": "into every earnings report, like 20 of"}, {"start": "00:59:27", "end": "00:59:32", "text": "them about the inference explosion. You"}, {"start": "00:59:30", "end": "00:59:35", "text": "have no excuses as an investor to not"}, {"start": "00:59:32", "end": "00:59:38", "text": "have bought Micron at 110. Now, I didn't"}, {"start": "00:59:35", "end": "00:59:40", "text": "see institutions"}, {"start": "00:59:38", "end": "00:59:41", "text": "jumping on board until October of last"}, {"start": "00:59:40", "end": "00:59:43", "text": "year. M"}, {"start": "00:59:41", "end": "00:59:45", "text": ">> so we're talking about from May to"}, {"start": "00:59:43", "end": "00:59:47", "text": "October the price is going up it's above"}, {"start": "00:59:45", "end": "00:59:49", "text": "200 and blah blah blah"}, {"start": "00:59:47", "end": "00:59:52", "text": ">> it takes time to do research investment"}, {"start": "00:59:49", "end": "00:59:53", "text": ">> it takes time for people to see the"}, {"start": "00:59:52", "end": "00:59:55", "text": "fundamentals so the reason I said"}, {"start": "00:59:53", "end": "00:59:58", "text": "October"}, {"start": "00:59:55", "end": "01:00:00", "text": "I'm watching Zcash and near because they"}, {"start": "00:59:58", "end": "01:00:02", "text": "represent the true the people that are"}, {"start": "01:00:00", "end": "01:00:03", "text": "like oh my god the agentic stuff is"}, {"start": "01:00:02", "end": "01:00:06", "text": "picking up every day what you said about"}, {"start": "01:00:03", "end": "01:00:08", "text": "tempo Robin Hood chain like Robin Hood"}, {"start": "01:00:06", "end": "01:00:10", "text": "chain was mainly meme stuff I don't care"}, {"start": "01:00:08", "end": "01:00:12", "text": "about meme activity but you have meme"}, {"start": "01:00:10", "end": "01:00:14", "text": "activity before everyone else gets on"}, {"start": "01:00:12", "end": "01:00:15", "text": "board, before the agents start"}, {"start": "01:00:14", "end": "01:00:16", "text": "transacting. People don't trust the"}, {"start": "01:00:15", "end": "01:00:18", "text": "agents, they don't want to go through,"}, {"start": "01:00:16", "end": "01:00:21", "text": "but the technology is happening and"}, {"start": "01:00:18", "end": "01:00:23", "text": "instinct and meta are a representation."}, {"start": "01:00:21", "end": "01:00:25", "text": "Remember the meta situation? The most"}, {"start": "01:00:23", "end": "01:00:28", "text": "important thing to look at is back in"}, {"start": "01:00:25", "end": "01:00:31", "text": "June, what did Zuckerberg say? He said"}, {"start": "01:00:28", "end": "01:00:33", "text": "he's been disappointed in the progress"}, {"start": "01:00:31", "end": "01:00:34", "text": "in AI. If you go back and look, and I"}, {"start": "01:00:33", "end": "01:00:36", "text": "don't know if you remember it, he"}, {"start": "01:00:34", "end": "01:00:39", "text": "literally said in a town hall meeting"}, {"start": "01:00:36", "end": "01:00:41", "text": "inside the walls that got leaked, he was"}, {"start": "01:00:39", "end": "01:00:44", "text": "disappointed. Here we are now 3 months"}, {"start": "01:00:41", "end": "01:00:45", "text": "later. They're releasing Muse Personal"}, {"start": "01:00:44", "end": "01:00:47", "text": "Assistant. Maybe they're releasing it"}, {"start": "01:00:45", "end": "01:00:49", "text": "because Instinct is gathering so much"}, {"start": "01:00:47", "end": "01:00:51", "text": "steam and Meta's stock was trading near"}, {"start": "01:00:49", "end": "01:00:54", "text": "52- week lows. Now it's back above the"}, {"start": "01:00:51", "end": "01:00:56", "text": "200 day moving average. I think the"}, {"start": "01:00:54", "end": "01:00:58", "text": "Agentic side is kicking into this and"}, {"start": "01:00:56", "end": "01:01:00", "text": "there's more than that happening. If I"}, {"start": "01:00:58", "end": "01:01:01", "text": "go look at all of the Agentic type"}, {"start": "01:01:00", "end": "01:01:03", "text": "trades, well, the MAG 7 benefit from"}, {"start": "01:01:01", "end": "01:01:06", "text": "agents in a much bigger way."}, {"start": "01:01:03", "end": "01:01:08", "text": "Salesforce.com benefits in agents. What"}, {"start": "01:01:06", "end": "01:01:10", "text": "else benefits from agents? Cybertocks."}, {"start": "01:01:08", "end": "01:01:11", "text": "Like this is a new index I'm putting"}, {"start": "01:01:10", "end": "01:01:13", "text": "together. It's like if you believe"}, {"start": "01:01:11", "end": "01:01:15", "text": "agents are here, well then cyber is"}, {"start": "01:01:13", "end": "01:01:16", "text": "worth more because they can disrupt"}, {"start": "01:01:15", "end": "01:01:19", "text": "anything. If you believe agents are"}, {"start": "01:01:16", "end": "01:01:20", "text": "here, then Salesforce actually does have"}, {"start": "01:01:19", "end": "01:01:22", "text": "usefulness at this point because the"}, {"start": "01:01:20", "end": "01:01:24", "text": "agents are here and people haven't moved"}, {"start": "01:01:22", "end": "01:01:25", "text": "off of Salesforce.com and that's not"}, {"start": "01:01:24", "end": "01:01:26", "text": "going to happen for the Fortune 500"}, {"start": "01:01:25", "end": "01:01:28", "text": "companies. So they should see an"}, {"start": "01:01:26", "end": "01:01:30", "text": "inflection in terms of getting revenues"}, {"start": "01:01:28", "end": "01:01:32", "text": "in the door. So for everything in the"}, {"start": "01:01:30", "end": "01:01:34", "text": "market, I'm already seeing the agentics"}, {"start": "01:01:32", "end": "01:01:36", "text": "state play out. Bitcoin to me is a"}, {"start": "01:01:34", "end": "01:01:38", "text": "summation of the entire ecosystem and"}, {"start": "01:01:36", "end": "01:01:40", "text": "agents if they're driving it, we should"}, {"start": "01:01:38", "end": "01:01:43", "text": "see the price go higher. When we get"}, {"start": "01:01:40", "end": "01:01:45", "text": "above 82,000, as I said before, there is"}, {"start": "01:01:43", "end": "01:01:46", "text": "so much volume that happened there."}, {"start": "01:01:45", "end": "01:01:49", "text": "That's the point in time when I think"}, {"start": "01:01:46", "end": "01:01:50", "text": "people gave up the last time when the"}, {"start": "01:01:49", "end": "01:01:52", "text": "fall happened after October 10th."}, {"start": "01:01:50", "end": "01:01:54", "text": "Everyone picked a point like, okay, we"}, {"start": "01:01:52", "end": "01:01:55", "text": "can buy it now. It's going back. Stocks"}, {"start": "01:01:54", "end": "01:01:57", "text": "went higher and what happened? Crypto"}, {"start": "01:01:55", "end": "01:01:59", "text": "fell lower again. It broke away from"}, {"start": "01:01:57", "end": "01:02:00", "text": "stocks. And why was that? As you and I"}, {"start": "01:01:59", "end": "01:02:02", "text": "talked about, South Korea didn't care"}, {"start": "01:02:00", "end": "01:02:04", "text": "about crypto anymore. They cared about"}, {"start": "01:02:02", "end": "01:02:06", "text": "AI. AI is not the same trade anymore."}, {"start": "01:02:04", "end": "01:02:09", "text": "It's not as easy. And the agentic side"}, {"start": "01:02:06", "end": "01:02:11", "text": "isn't as good as the infrastructure"}, {"start": "01:02:09", "end": "01:02:13", "text": "trade. So Micron gave me the belief that"}, {"start": "01:02:11", "end": "01:02:16", "text": "if you're going to get into it, you have"}, {"start": "01:02:13", "end": "01:02:18", "text": "to get into it one when it's very very"}, {"start": "01:02:16", "end": "01:02:20", "text": "early, which is what it is in agents."}, {"start": "01:02:18", "end": "01:02:22", "text": "Number two, once it starts breaking"}, {"start": "01:02:20", "end": "01:02:24", "text": "above key levels, it should not look"}, {"start": "01:02:22", "end": "01:02:26", "text": "back. We haven't done that yet in in"}, {"start": "01:02:24", "end": "01:02:30", "text": "Bitcoin and the ecosystem, but the"}, {"start": "01:02:26", "end": "01:02:31", "text": "ecosystem 46 name basket I have is up"}, {"start": "01:02:30", "end": "01:02:33", "text": "big for the year and most of it's being"}, {"start": "01:02:31", "end": "01:02:34", "text": "driven by the AI agent side."}, {"start": "01:02:33", "end": "01:02:35", "text": ">> I have good news for you. I just"}, {"start": "01:02:34", "end": "01:02:36", "text": ">> I love good news."}, {"start": "01:02:35", "end": "01:02:37", "text": ">> I just looked at what you were talking"}, {"start": "01:02:36", "end": "01:02:39", "text": "we don't have to wait till the end of"}, {"start": "01:02:37", "end": "01:02:40", "text": "October. Bitcoin is back over $80,000"}, {"start": "01:02:39", "end": "01:02:41", "text": "right now."}, {"start": "01:02:40", "end": "01:02:42", "text": ">> Okay. So"}, {"start": "01:02:41", "end": "01:02:43", "text": ">> So it's got to stay right."}, {"start": "01:02:42", "end": "01:02:44", "text": ">> What time is it?"}, {"start": "01:02:43", "end": "01:02:46", "text": ">> 11:00 on"}, {"start": "01:02:44", "end": "01:02:48", "text": ">> that took uh 27 minutes for your"}, {"start": "01:02:46", "end": "01:02:50", "text": "prediction to be right. Um all right,"}, {"start": "01:02:48", "end": "01:02:53", "text": "before we go uh this is a very big week"}, {"start": "01:02:50", "end": "01:02:55", "text": "for you. Um you are launching the crypto"}, {"start": "01:02:53", "end": "01:02:57", "text": "version of the research. Um can you tell"}, {"start": "01:02:55", "end": "01:02:59", "text": "us what exactly are you launching and"}, {"start": "01:02:57", "end": "01:03:01", "text": "then where can people go subscribe check"}, {"start": "01:02:59", "end": "01:03:05", "text": "it out learn uh learn about it?"}, {"start": "01:03:01", "end": "01:03:06", "text": ">> Yeah. So for those of you who watch the"}, {"start": "01:03:05", "end": "01:03:08", "text": "video first of all that I do every"}, {"start": "01:03:06", "end": "01:03:09", "text": "Sunday morning on Sunday morning this is"}, {"start": "01:03:08", "end": "01:03:12", "text": "going to be in the same form."}, {"start": "01:03:09", "end": "01:03:14", "text": ">> Okay. The reason I've kept everything"}, {"start": "01:03:12", "end": "01:03:17", "text": "the same is the feedback I've gotten"}, {"start": "01:03:14", "end": "01:03:21", "text": "from people both very sophisticated"}, {"start": "01:03:17", "end": "01:03:24", "text": "macro people and then retail people is I"}, {"start": "01:03:21", "end": "01:03:26", "text": "make it easy enough in terms of the the"}, {"start": "01:03:24", "end": "01:03:28", "text": "approach and the usage of the slides to"}, {"start": "01:03:26", "end": "01:03:32", "text": "get people to consume the information. I"}, {"start": "01:03:28", "end": "01:03:33", "text": "believe that I educate people and they"}, {"start": "01:03:32", "end": "01:03:35", "text": "get more comfortable. I'm going to do"}, {"start": "01:03:33", "end": "01:03:37", "text": "the exact same thing with crypto which"}, {"start": "01:03:35", "end": "01:03:38", "text": "is something that even retail people in"}, {"start": "01:03:37", "end": "01:03:41", "text": "crypto I don't think understand enough"}, {"start": "01:03:38", "end": "01:03:44", "text": "yet. how it all connects. What we talked"}, {"start": "01:03:41", "end": "01:03:46", "text": "about here today with agents, this is a"}, {"start": "01:03:44", "end": "01:03:47", "text": "very nuanced thing. I think outside of"}, {"start": "01:03:46", "end": "01:03:49", "text": "the people we mentioned, which are the"}, {"start": "01:03:47", "end": "01:03:52", "text": "people running that are actually"}, {"start": "01:03:49", "end": "01:03:54", "text": "quantitative tech people, I'm trying to"}, {"start": "01:03:52", "end": "01:03:56", "text": "turn this into everyday life, like a"}, {"start": "01:03:54", "end": "01:03:57", "text": "restaurant. Okay, Instinct AI, you guys"}, {"start": "01:03:56", "end": "01:03:59", "text": "should go look at it. And more"}, {"start": "01:03:57", "end": "01:04:01", "text": "importantly, that will have a wallet"}, {"start": "01:03:59", "end": "01:04:03", "text": "attached to it where the maximum is $100"}, {"start": "01:04:01", "end": "01:04:04", "text": "and you can't get into trouble if you"}, {"start": "01:04:03", "end": "01:04:06", "text": "have $100. It has a maximum because it's"}, {"start": "01:04:04", "end": "01:04:08", "text": "programmable. You can't do more than"}, {"start": "01:04:06", "end": "01:04:10", "text": "this. So, I want you to go order this,"}, {"start": "01:04:08", "end": "01:04:12", "text": "buy this, go to Uber, do this, and then"}, {"start": "01:04:10", "end": "01:04:14", "text": "you refill it and you go through it the"}, {"start": "01:04:12", "end": "01:04:15", "text": "same way you would like a Dunkin Donuts"}, {"start": "01:04:14", "end": "01:04:17", "text": "card where maximum is there and you have"}, {"start": "01:04:15", "end": "01:04:18", "text": "to put more money in. Well, if during"}, {"start": "01:04:17", "end": "01:04:20", "text": "the week you're having your assistant,"}, {"start": "01:04:18", "end": "01:04:22", "text": "hey, hey, I'm not going to be back home"}, {"start": "01:04:20", "end": "01:04:23", "text": "in time. Go to Door Dash, get me some"}, {"start": "01:04:22", "end": "01:04:25", "text": "food, whatever I like, blah blah blah,"}, {"start": "01:04:23", "end": "01:04:26", "text": "and then you move on, it's your personal"}, {"start": "01:04:25", "end": "01:04:29", "text": "assistant and it's going to have access"}, {"start": "01:04:26", "end": "01:04:32", "text": "to Amazon and all of those things. So,"}, {"start": "01:04:29", "end": "01:04:34", "text": "for me to show people the news that's"}, {"start": "01:04:32", "end": "01:04:37", "text": "happening each week, I mentioned Zcash,"}, {"start": "01:04:34", "end": "01:04:39", "text": "I mentioned Near. I'm sure 95 to 99% of"}, {"start": "01:04:37", "end": "01:04:41", "text": "people listening to this don't know what"}, {"start": "01:04:39", "end": "01:04:42", "text": "those two things are, especially the"}, {"start": "01:04:41", "end": "01:04:44", "text": "traditional finance world. So, this is"}, {"start": "01:04:42", "end": "01:04:46", "text": "going to be an education. It's going to"}, {"start": "01:04:44", "end": "01:04:47", "text": "start with the first video saying why"}, {"start": "01:04:46", "end": "01:04:50", "text": "now in crypto. This is to get people"}, {"start": "01:04:47", "end": "01:04:52", "text": "excited about why I'm so emphatic about"}, {"start": "01:04:50", "end": "01:04:55", "text": "this being the turnover point for AI,"}, {"start": "01:04:52", "end": "01:04:56", "text": "but then each week from that point, it's"}, {"start": "01:04:55", "end": "01:04:57", "text": "going to go through the verticals. I"}, {"start": "01:04:56", "end": "01:04:59", "text": "have 10 verticals so they can start to"}, {"start": "01:04:57", "end": "01:05:00", "text": "understand why tokenization is so"}, {"start": "01:04:59", "end": "01:05:02", "text": "important. We didn't even get into it,"}, {"start": "01:05:00", "end": "01:05:06", "text": "but if you ask me what's more important"}, {"start": "01:05:02", "end": "01:05:09", "text": "than stable coins, tokenizing things is"}, {"start": "01:05:06", "end": "01:05:10", "text": "the most important step we're taking in"}, {"start": "01:05:09", "end": "01:05:13", "text": "this entire crypto place."}, {"start": "01:05:10", "end": "01:05:14", "text": ">> And and the regulators now have just"}, {"start": "01:05:13", "end": "01:05:15", "text": "made a huge announcement. They're"}, {"start": "01:05:14", "end": "01:05:17", "text": "allowing this stuff to happen"}, {"start": "01:05:15", "end": "01:05:19", "text": ">> for 5 years. They're exemp I mean 5"}, {"start": "01:05:17", "end": "01:05:21", "text": "years. This is a big deal. That's why"}, {"start": "01:05:19", "end": "01:05:22", "text": "the Clarity Act doesn't matter. That's"}, {"start": "01:05:21", "end": "01:05:24", "text": "why people have to understand that this"}, {"start": "01:05:22", "end": "01:05:26", "text": "is going to happen because it's global."}, {"start": "01:05:24", "end": "01:05:28", "text": "And by them exempting things for a"}, {"start": "01:05:26", "end": "01:05:31", "text": "period of time and allowing this to"}, {"start": "01:05:28", "end": "01:05:35", "text": "happen tokenize tokenizing everything"}, {"start": "01:05:31", "end": "01:05:37", "text": "over time unleashes so much dormant"}, {"start": "01:05:35", "end": "01:05:39", "text": "liquidity. So M2 guys you've learned"}, {"start": "01:05:37", "end": "01:05:41", "text": "this old economic book. We have enough"}, {"start": "01:05:39", "end": "01:05:44", "text": "assets in this levered world that are"}, {"start": "01:05:41", "end": "01:05:45", "text": "sitting there doing nothing. And if you"}, {"start": "01:05:44", "end": "01:05:47", "text": "can release them and say, \"Hey, I want"}, {"start": "01:05:45", "end": "01:05:48", "text": "to borrow money in my business. I've got"}, {"start": "01:05:47", "end": "01:05:49", "text": "my house. It's the only thing I have in"}, {"start": "01:05:48", "end": "01:05:50", "text": "value. I don't have any cash. I don't"}, {"start": "01:05:49", "end": "01:05:52", "text": "want to go to the bat and can borrow"}, {"start": "01:05:50", "end": "01:05:55", "text": "money. How about this? I give you a"}, {"start": "01:05:52", "end": "01:05:56", "text": "programmable token. You take a piece of"}, {"start": "01:05:55", "end": "01:05:59", "text": "my house, this is what it's valued at,"}, {"start": "01:05:56", "end": "01:06:00", "text": "and then I own it back the next day"}, {"start": "01:05:59", "end": "01:06:02", "text": "because I posted as collateral, we did"}, {"start": "01:06:00", "end": "01:06:03", "text": "something, and because I'm only doing it"}, {"start": "01:06:02", "end": "01:06:05", "text": "for one day, everything happens"}, {"start": "01:06:03", "end": "01:06:07", "text": "instantaneously. So, the friction in"}, {"start": "01:06:05", "end": "01:06:08", "text": "business really slows down you buy a"}, {"start": "01:06:07", "end": "01:06:10", "text": "house. So, I'm going to try to educate"}, {"start": "01:06:08", "end": "01:06:12", "text": "people. I think it is the single most"}, {"start": "01:06:10", "end": "01:06:13", "text": "important thing from an investment"}, {"start": "01:06:12", "end": "01:06:15", "text": "standpoint. And if you've listened to me"}, {"start": "01:06:13", "end": "01:06:17", "text": "long enough and think that I have a"}, {"start": "01:06:15", "end": "01:06:19", "text": "different view than most people, I do"}, {"start": "01:06:17", "end": "01:06:20", "text": "believe your stocks that are"}, {"start": "01:06:19", "end": "01:06:22", "text": "underperforming this year relative to"}, {"start": "01:06:20", "end": "01:06:24", "text": "earnings is going to be a major story."}, {"start": "01:06:22", "end": "01:06:25", "text": "If you own bonds, they're unchanged over"}, {"start": "01:06:24", "end": "01:06:27", "text": "the last seven, eight years. You've got"}, {"start": "01:06:25", "end": "01:06:29", "text": "nothing from bonds if you're stuck in"}, {"start": "01:06:27", "end": "01:06:30", "text": "private credit. You're going to be going"}, {"start": "01:06:29", "end": "01:06:33", "text": "through pain getting your money back."}, {"start": "01:06:30", "end": "01:06:36", "text": "This is the fiat system getting old and"}, {"start": "01:06:33", "end": "01:06:38", "text": "dying. That's what it is. Entrepreneurs"}, {"start": "01:06:36", "end": "01:06:40", "text": "are going to win, but there's no way to"}, {"start": "01:06:38", "end": "01:06:43", "text": "invest in the non-public stocks other"}, {"start": "01:06:40", "end": "01:06:45", "text": "than crypto. Crypto is a representation"}, {"start": "01:06:43", "end": "01:06:47", "text": "of the entrepreneurs of the future using"}, {"start": "01:06:45", "end": "01:06:48", "text": "the financial guardrails because they're"}, {"start": "01:06:47", "end": "01:06:50", "text": "going to be all AI native. And what are"}, {"start": "01:06:48", "end": "01:06:52", "text": "we saying? Agents are going to use the"}, {"start": "01:06:50", "end": "01:06:54", "text": "guardrails. This system is being built"}, {"start": "01:06:52", "end": "01:06:55", "text": "through a backdoor and I'm going to try"}, {"start": "01:06:54", "end": "01:06:57", "text": "to make sure people understand it."}, {"start": "01:06:55", "end": "01:07:01", "text": ">> Where can we send people?"}, {"start": "01:06:57", "end": "01:07:03", "text": ">> Uh they can always go to viser-labs.com"}, {"start": "01:07:01", "end": "01:07:05", "text": "and it'll send you back. But"}, {"start": "01:07:03", "end": "01:07:07", "text": "ai22vresearch.com"}, {"start": "01:07:05", "end": "01:07:08", "text": "you can go see it there. Everything will"}, {"start": "01:07:07", "end": "01:07:11", "text": "be up on the site. I'm going to release"}, {"start": "01:07:08", "end": "01:07:13", "text": "a video and a paper this week. The paper"}, {"start": "01:07:11", "end": "01:07:15", "text": "will be on ghost rails. It will bring"}, {"start": "01:07:13", "end": "01:07:18", "text": "Mark Andre in who told us all in 2014"}, {"start": "01:07:15", "end": "01:07:20", "text": "that this moment was coming. We think it"}, {"start": "01:07:18", "end": "01:07:22", "text": "was Bitcoin. But in the paper he says"}, {"start": "01:07:20", "end": "01:07:24", "text": "Bitcoin but what has happened is the"}, {"start": "01:07:22", "end": "01:07:25", "text": "ecosystem has grown into more than"}, {"start": "01:07:24", "end": "01:07:27", "text": "Bitcoin. It has grown into this whole"}, {"start": "01:07:25", "end": "01:07:28", "text": "thing of micro payments and everything"}, {"start": "01:07:27", "end": "01:07:29", "text": "else. That's why you need to read it and"}, {"start": "01:07:28", "end": "01:07:31", "text": "that's why you'll go through it."}, {"start": "01:07:29", "end": "01:07:33", "text": ">> I play devil's advocate with you today."}, {"start": "01:07:31", "end": "01:07:34", "text": "But you want to know how we would agree"}, {"start": "01:07:33", "end": "01:07:37", "text": ">> how"}, {"start": "01:07:34", "end": "01:07:40", "text": ">> I am pretty sure that"}, {"start": "01:07:37", "end": "01:07:42", "text": "Sylvia in the public markets is the only"}, {"start": "01:07:40", "end": "01:07:45", "text": "publicly traded company that is merging"}, {"start": "01:07:42", "end": "01:07:46", "text": "AI and Bitcoin together."}, {"start": "01:07:45", "end": "01:07:48", "text": "So I completely agree with everything"}, {"start": "01:07:46", "end": "01:07:50", "text": "you're saying. And it's been fun to uh"}, {"start": "01:07:48", "end": "01:07:54", "text": "antagonize you and get you to explain"}, {"start": "01:07:50", "end": "01:07:54", "text": "it. See you guys next time."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "when we end up in an environment where"}, {"start": "00:00:01", "end": "00:00:04", "text": "people are more concerned about"}, {"start": "00:00:03", "end": "00:00:07", "text": "institutions, concerned about"}, {"start": "00:00:04", "end": "00:00:10", "text": "geopolitics, concerned about uh fiat"}, {"start": "00:00:07", "end": "00:00:12", "text": "currency, maybe uh uh debasement,"}, {"start": "00:00:10", "end": "00:00:13", "text": "bitcoin should benefit. That's also an"}, {"start": "00:00:12", "end": "00:00:15", "text": "environment where stocks and bonds tend"}, {"start": "00:00:13", "end": "00:00:17", "text": "to generally not do so well. So that"}, {"start": "00:00:15", "end": "00:00:20", "text": "fundamental diversifying nature of"}, {"start": "00:00:17", "end": "00:00:22", "text": "Bitcoin we believe still very much holds"}, {"start": "00:00:20", "end": "00:00:23", "text": "uh even as the investor base has maybe"}, {"start": "00:00:22", "end": "00:00:24", "text": "shifted over the last few years. What's"}, {"start": "00:00:23", "end": "00:00:26", "text": "going on guys? We got a great"}, {"start": "00:00:24", "end": "00:00:29", "text": "conversation today with Jay Jacobs. He"}, {"start": "00:00:26", "end": "00:00:30", "text": "is the US head of equity ETFs at Black"}, {"start": "00:00:29", "end": "00:00:32", "text": "Rockck. He's one of the big dogs who's"}, {"start": "00:00:30", "end": "00:00:34", "text": "brought ETFs into the industry. They"}, {"start": "00:00:32", "end": "00:00:36", "text": "obviously are the IBIT owners and"}, {"start": "00:00:34", "end": "00:00:37", "text": "they've brought that to the market, done"}, {"start": "00:00:36", "end": "00:00:38", "text": "a fantastic job. But in this"}, {"start": "00:00:37", "end": "00:00:40", "text": "conversation, we talk about Bitcoin, the"}, {"start": "00:00:38", "end": "00:00:42", "text": "crypto market, what's going on, why are"}, {"start": "00:00:40", "end": "00:00:44", "text": "people allocating to these structures."}, {"start": "00:00:42", "end": "00:00:45", "text": "On top of that, we talk about AI, all"}, {"start": "00:00:44", "end": "00:00:47", "text": "the infrastructure, the entire value"}, {"start": "00:00:45", "end": "00:00:49", "text": "chain, what they think about the next"}, {"start": "00:00:47", "end": "00:00:50", "text": "leg of AI, and how investors are"}, {"start": "00:00:49", "end": "00:00:52", "text": "actually allocating their capital. I"}, {"start": "00:00:50", "end": "00:00:53", "text": "think this conversation is really"}, {"start": "00:00:52", "end": "00:00:54", "text": "interesting because it's going to help"}, {"start": "00:00:53", "end": "00:00:55", "text": "you better understand not only these"}, {"start": "00:00:54", "end": "00:00:57", "text": "themes, these technologies, and these"}, {"start": "00:00:55", "end": "00:00:59", "text": "opportunities, but it's also a little"}, {"start": "00:00:57", "end": "00:01:00", "text": "bit as to why ETFs have risen. so"}, {"start": "00:00:59", "end": "00:01:02", "text": "quickly why they've become so popular in"}, {"start": "00:01:00", "end": "00:01:03", "text": "people's portfolio. And I think if you"}, {"start": "00:01:02", "end": "00:01:04", "text": "listen to the entire thing, not only"}, {"start": "00:01:03", "end": "00:01:06", "text": "will you walk away and be impressed by"}, {"start": "00:01:04", "end": "00:01:07", "text": "Jay, but I also think that you're going"}, {"start": "00:01:06", "end": "00:01:09", "text": "to find a lot of opportunities to go and"}, {"start": "00:01:07", "end": "00:01:10", "text": "investigate and maybe put into your"}, {"start": "00:01:09", "end": "00:01:13", "text": "portfolio. So, here's my conversation"}, {"start": "00:01:10", "end": "00:01:15", "text": "with Jay Jacobs. All right, Jay. Uh, the"}, {"start": "00:01:13", "end": "00:01:17", "text": "Bitcoin ETFs are the most successful ETF"}, {"start": "00:01:15", "end": "00:01:19", "text": "product to ever launch, it seems. Um,"}, {"start": "00:01:17", "end": "00:01:21", "text": "you guys were a pioneer. I remember when"}, {"start": "00:01:19", "end": "00:01:23", "text": "you guys filed for the ETF, I said,"}, {"start": "00:01:21", "end": "00:01:24", "text": "\"We're going to get it approved, and uh,"}, {"start": "00:01:23", "end": "00:01:25", "text": "that's probably going to be a pretty big"}, {"start": "00:01:24", "end": "00:01:27", "text": "deal for the industry.\" When you look"}, {"start": "00:01:25", "end": "00:01:29", "text": "back now, what has been the actual"}, {"start": "00:01:27", "end": "00:01:30", "text": "measurable impact on the Bitcoin"}, {"start": "00:01:29", "end": "00:01:32", "text": "industry from these ETFs?"}, {"start": "00:01:30", "end": "00:01:34", "text": ">> I think the biggest impact has just been"}, {"start": "00:01:32", "end": "00:01:36", "text": "the amount of people that can now"}, {"start": "00:01:34", "end": "00:01:39", "text": "participate in the Bitcoin ecosystem."}, {"start": "00:01:36", "end": "00:01:41", "text": "So, if you think about before these ETFs"}, {"start": "00:01:39", "end": "00:01:43", "text": "existed, uh people had to go sign up on"}, {"start": "00:01:41", "end": "00:01:45", "text": "a digital asset exchange. That was a"}, {"start": "00:01:43", "end": "00:01:48", "text": "friction for many individuals. that was"}, {"start": "00:01:45", "end": "00:01:49", "text": "a prohibition for many institutions that"}, {"start": "00:01:48", "end": "00:01:51", "text": "didn't have that ability or just an"}, {"start": "00:01:49", "end": "00:01:54", "text": "incredibly long and arduous process for"}, {"start": "00:01:51", "end": "00:01:56", "text": "even many financial adviserss or RAAS"}, {"start": "00:01:54", "end": "00:01:58", "text": "that had the ability to do that and set"}, {"start": "00:01:56", "end": "00:02:00", "text": "up all the plumbing for digital asset"}, {"start": "00:01:58", "end": "00:02:02", "text": "exchanges but just they weren't there"}, {"start": "00:02:00", "end": "00:02:05", "text": "yet from a conviction behind Bitcoin"}, {"start": "00:02:02", "end": "00:02:08", "text": "perspective. So once the Bitcoin ETPs"}, {"start": "00:02:05", "end": "00:02:09", "text": "like IBIT came out, it just made it as"}, {"start": "00:02:08", "end": "00:02:11", "text": "easy to access as clicking a button on a"}, {"start": "00:02:09", "end": "00:02:13", "text": "brokerage account just like you buy the"}, {"start": "00:02:11", "end": "00:02:15", "text": "S&P 500 or buy an individual stock. And"}, {"start": "00:02:13", "end": "00:02:19", "text": "so what that meant was individual"}, {"start": "00:02:15", "end": "00:02:21", "text": "investors so many more had access to a"}, {"start": "00:02:19", "end": "00:02:24", "text": "vehicle tracking Bitcoin. Financial"}, {"start": "00:02:21", "end": "00:02:26", "text": "advisers over time got access because we"}, {"start": "00:02:24", "end": "00:02:28", "text": "saw a lot of financial advisor platforms"}, {"start": "00:02:26", "end": "00:02:31", "text": "approve IBIT and frankly approve Ether"}, {"start": "00:02:28", "end": "00:02:33", "text": "or Ethereum ETF as well and institutions"}, {"start": "00:02:31", "end": "00:02:36", "text": "now suddenly had a very liquid vehicle"}, {"start": "00:02:33", "end": "00:02:38", "text": "to express their views as well. So it"}, {"start": "00:02:36", "end": "00:02:42", "text": "increased access. Um, what I think it"}, {"start": "00:02:38", "end": "00:02:45", "text": "also did was before IBIT, many advisers"}, {"start": "00:02:42", "end": "00:02:47", "text": "and institutions could kind of avoid the"}, {"start": "00:02:45", "end": "00:02:48", "text": "Bitcoin conversation like they it was"}, {"start": "00:02:47", "end": "00:02:50", "text": "like I can't ignore it."}, {"start": "00:02:48", "end": "00:02:52", "text": ">> Yeah. They they couldn't buy it. So, you"}, {"start": "00:02:50", "end": "00:02:53", "text": "know, everyone has so much on their"}, {"start": "00:02:52", "end": "00:02:54", "text": "plate at all times in these"}, {"start": "00:02:53", "end": "00:02:56", "text": "institutions. So, are you going to spend"}, {"start": "00:02:54", "end": "00:02:57", "text": "time learning about Bitcoin? Are you"}, {"start": "00:02:56", "end": "00:02:58", "text": "going to spend time thinking about like"}, {"start": "00:02:57", "end": "00:03:00", "text": "your asset allocation between stocks and"}, {"start": "00:02:58", "end": "00:03:03", "text": "bonds? I think a lot of them focused on"}, {"start": "00:03:00", "end": "00:03:06", "text": "the latter. Once exposure to Bitcoin"}, {"start": "00:03:03", "end": "00:03:07", "text": "became available to them with IBIT, it"}, {"start": "00:03:06", "end": "00:03:08", "text": "had to be a part of the conversation of"}, {"start": "00:03:07", "end": "00:03:10", "text": "how do they think about this asset"}, {"start": "00:03:08", "end": "00:03:11", "text": "class? Does it fit in their portfolio?"}, {"start": "00:03:10", "end": "00:03:13", "text": "What are they getting when they allocate"}, {"start": "00:03:11", "end": "00:03:15", "text": "to Bitcoin in a broader portfolio? And"}, {"start": "00:03:13", "end": "00:03:17", "text": "so it just really accelerated those"}, {"start": "00:03:15", "end": "00:03:18", "text": "conversations within some of the most"}, {"start": "00:03:17", "end": "00:03:20", "text": "sophisticated institutions in the world."}, {"start": "00:03:18", "end": "00:03:22", "text": ">> It seems like Bitcoin's volatility has"}, {"start": "00:03:20", "end": "00:03:24", "text": "compressed. It was, you know, 80ish"}, {"start": "00:03:22", "end": "00:03:26", "text": "vault asset. Now it's like a 3540 vault"}, {"start": "00:03:24", "end": "00:03:28", "text": "asset. Um, I have heard people claim"}, {"start": "00:03:26", "end": "00:03:29", "text": "that it's because just Wall Street's"}, {"start": "00:03:28", "end": "00:03:31", "text": "participating in general. Some people"}, {"start": "00:03:29", "end": "00:03:33", "text": "say it's the ETF. Some people say no,"}, {"start": "00:03:31", "end": "00:03:34", "text": "it's actually all of the leverage and"}, {"start": "00:03:33", "end": "00:03:36", "text": "options and various other instruments"}, {"start": "00:03:34", "end": "00:03:37", "text": "being put on top of it. Do you guys have"}, {"start": "00:03:36", "end": "00:03:40", "text": "a view as to like why Bitcoin's"}, {"start": "00:03:37", "end": "00:03:42", "text": "volatility has been uh compressing and"}, {"start": "00:03:40", "end": "00:03:43", "text": "will it continue to compress and people"}, {"start": "00:03:42", "end": "00:03:45", "text": "should think of that as part of like the"}, {"start": "00:03:43", "end": "00:03:46", "text": "Bitcoin story going forward?"}, {"start": "00:03:45", "end": "00:03:48", "text": ">> You know, I I don't think we have a a"}, {"start": "00:03:46", "end": "00:03:50", "text": "universal answer, but I think a few"}, {"start": "00:03:48", "end": "00:03:52", "text": "factors have certainly contributed. You"}, {"start": "00:03:50", "end": "00:03:53", "text": "know, one with the buildout of of the"}, {"start": "00:03:52", "end": "00:03:55", "text": "ETPs, with the buildout of the options"}, {"start": "00:03:53", "end": "00:03:57", "text": "market around the ETPs, it's created"}, {"start": "00:03:55", "end": "00:03:58", "text": "more ways for people to participate in"}, {"start": "00:03:57", "end": "00:04:01", "text": "in Bitcoin and that creates a more"}, {"start": "00:03:58", "end": "00:04:03", "text": "robust market. So when there's uh when"}, {"start": "00:04:01", "end": "00:04:04", "text": "when people are looking for liquidity or"}, {"start": "00:04:03", "end": "00:04:06", "text": "people are looking to put on more"}, {"start": "00:04:04", "end": "00:04:07", "text": "complex trades, there's just there's a"}, {"start": "00:04:06", "end": "00:04:09", "text": "market that can support that now because"}, {"start": "00:04:07", "end": "00:04:11", "text": "of IBIT. And so that should help reduce"}, {"start": "00:04:09", "end": "00:04:13", "text": "some of the volatility. I think"}, {"start": "00:04:11", "end": "00:04:15", "text": "secondly, again, because more people can"}, {"start": "00:04:13", "end": "00:04:16", "text": "participate in it. Uh there's more"}, {"start": "00:04:15", "end": "00:04:18", "text": "research, there's more conviction,"}, {"start": "00:04:16", "end": "00:04:20", "text": "there's more long-term buyers that have"}, {"start": "00:04:18", "end": "00:04:22", "text": "come into the space that can be kind of"}, {"start": "00:04:20", "end": "00:04:23", "text": "the counterbalance to people who are"}, {"start": "00:04:22", "end": "00:04:25", "text": "maybe doing more short-term stra uh"}, {"start": "00:04:23", "end": "00:04:27", "text": "trading strategies. That has helped"}, {"start": "00:04:25", "end": "00:04:29", "text": "reduce volatility as well. But overall"}, {"start": "00:04:27", "end": "00:04:31", "text": "having more people participate in a more"}, {"start": "00:04:29", "end": "00:04:33", "text": "liquid, more robust market can help"}, {"start": "00:04:31", "end": "00:04:35", "text": "bring down uh volatility."}, {"start": "00:04:33", "end": "00:04:36", "text": ">> Now when we look at a lot of that"}, {"start": "00:04:35", "end": "00:04:38", "text": "volatility compression, I think that"}, {"start": "00:04:36", "end": "00:04:39", "text": "there was a bunch of people who were not"}, {"start": "00:04:38", "end": "00:04:40", "text": "part of Wall Street, not part of the"}, {"start": "00:04:39", "end": "00:04:41", "text": "institutional world. They were very"}, {"start": "00:04:40", "end": "00:04:43", "text": "excited about Bitcoin frankly because it"}, {"start": "00:04:41", "end": "00:04:46", "text": "was outside the system and it was super"}, {"start": "00:04:43", "end": "00:04:47", "text": "volatile and it was very asymmetric. Um"}, {"start": "00:04:46", "end": "00:04:50", "text": "my friend Jordi Visser talks a lot about"}, {"start": "00:04:47", "end": "00:04:51", "text": "like this idea of a silent IPO and his"}, {"start": "00:04:50", "end": "00:04:53", "text": "general thought process is if you have a"}, {"start": "00:04:51", "end": "00:04:54", "text": "private company and it goes public,"}, {"start": "00:04:53", "end": "00:04:56", "text": "there's usually some transfer of"}, {"start": "00:04:54", "end": "00:04:58", "text": "ownership. the private market investors"}, {"start": "00:04:56", "end": "00:05:00", "text": "and the early employees at some point"}, {"start": "00:04:58", "end": "00:05:02", "text": "they're selling and you get kind of new"}, {"start": "00:05:00", "end": "00:05:03", "text": "shareholders in the company. His"}, {"start": "00:05:02", "end": "00:05:05", "text": "argument is that Bitcoin's kind of gone"}, {"start": "00:05:03", "end": "00:05:06", "text": "through that over the last you know year"}, {"start": "00:05:05", "end": "00:05:07", "text": "or two. Um and the ETFs have probably"}, {"start": "00:05:06", "end": "00:05:09", "text": "been a big part of that story of"}, {"start": "00:05:07", "end": "00:05:12", "text": "allowing access for a new type of"}, {"start": "00:05:09", "end": "00:05:14", "text": "investor. It does feel like Bitcoin now"}, {"start": "00:05:12", "end": "00:05:16", "text": "is much more interest rate sensitive. It"}, {"start": "00:05:14", "end": "00:05:18", "text": "trades with higher correlations to"}, {"start": "00:05:16", "end": "00:05:20", "text": "certain assets. Like things have kind of"}, {"start": "00:05:18", "end": "00:05:21", "text": "changed about Bitcoin. And so when you"}, {"start": "00:05:20", "end": "00:05:23", "text": "guys are talking to institutional"}, {"start": "00:05:21", "end": "00:05:25", "text": "investors or or kind of the folks that"}, {"start": "00:05:23", "end": "00:05:27", "text": "you have in these ETFs, how are they"}, {"start": "00:05:25", "end": "00:05:30", "text": "thinking about Bitcoin compared to maybe"}, {"start": "00:05:27", "end": "00:05:32", "text": "other assets? Whereas the people before"}, {"start": "00:05:30", "end": "00:05:34", "text": "they were like, \"Bitcoin is like 100% of"}, {"start": "00:05:32", "end": "00:05:35", "text": "my portfolio. I don't care what the Fed"}, {"start": "00:05:34", "end": "00:05:38", "text": "is doing or you know what's going on"}, {"start": "00:05:35", "end": "00:05:40", "text": "with the inflation report.\" I have to"}, {"start": "00:05:38", "end": "00:05:41", "text": "imagine the people holding the ETF, they"}, {"start": "00:05:40", "end": "00:05:43", "text": "really care about a lot of that stuff."}, {"start": "00:05:41", "end": "00:05:45", "text": ">> So I think I agree with some of those"}, {"start": "00:05:43", "end": "00:05:47", "text": "points. Certainly the investor base uh"}, {"start": "00:05:45", "end": "00:05:49", "text": "involved in Bitcoin now has shifted and"}, {"start": "00:05:47", "end": "00:05:51", "text": "ETFs have played a huge role in that."}, {"start": "00:05:49", "end": "00:05:53", "text": "you see more people participating who"}, {"start": "00:05:51", "end": "00:05:56", "text": "tend to be long-term buy and hold from"}, {"start": "00:05:53", "end": "00:05:57", "text": "those financial advisors that have model"}, {"start": "00:05:56", "end": "00:05:58", "text": "portfolios that are going to be more"}, {"start": "00:05:57", "end": "00:06:00", "text": "kind of strategic in nature to the"}, {"start": "00:05:58", "end": "00:06:02", "text": "institutions that are long-term buy and"}, {"start": "00:06:00", "end": "00:06:04", "text": "hold. So the the ownership mix has"}, {"start": "00:06:02", "end": "00:06:07", "text": "certainly changed and like we said that"}, {"start": "00:06:04", "end": "00:06:09", "text": "probably had an impact on volatility. Um"}, {"start": "00:06:07", "end": "00:06:11", "text": "but uh we don't believe that the"}, {"start": "00:06:09", "end": "00:06:13", "text": "fundamental characteristics of Bitcoin"}, {"start": "00:06:11", "end": "00:06:16", "text": "have shifted uh particularly over the"}, {"start": "00:06:13", "end": "00:06:18", "text": "long run that inherently it is still a"}, {"start": "00:06:16", "end": "00:06:21", "text": "global monetary alternative that is"}, {"start": "00:06:18", "end": "00:06:24", "text": "decentralized uh that is not governed by"}, {"start": "00:06:21", "end": "00:06:26", "text": "uh by by specific government uh that can"}, {"start": "00:06:24", "end": "00:06:28", "text": "transact very freely across borders and"}, {"start": "00:06:26", "end": "00:06:30", "text": "that fundamental nature of Bitcoin is"}, {"start": "00:06:28", "end": "00:06:32", "text": "still what drives the majority of its"}, {"start": "00:06:30", "end": "00:06:34", "text": "value and frankly how it should behave"}, {"start": "00:06:32", "end": "00:06:35", "text": "relative to stocks and bonds. when we"}, {"start": "00:06:34", "end": "00:06:38", "text": "end up in an environment where people"}, {"start": "00:06:35", "end": "00:06:40", "text": "are more concerned about institutions,"}, {"start": "00:06:38", "end": "00:06:43", "text": "concerned about geopolitics, concerned"}, {"start": "00:06:40", "end": "00:06:45", "text": "about uh fiat currency, maybe uh uh"}, {"start": "00:06:43", "end": "00:06:47", "text": "debasement, bitcoin should benefit."}, {"start": "00:06:45", "end": "00:06:48", "text": "That's also an environment where stocks"}, {"start": "00:06:47", "end": "00:06:51", "text": "and bonds tend to generally not do so"}, {"start": "00:06:48", "end": "00:06:53", "text": "well. So that fundamental diversifying"}, {"start": "00:06:51", "end": "00:06:55", "text": "nature of Bitcoin we believe still very"}, {"start": "00:06:53", "end": "00:06:57", "text": "much holds uh even as the investor base"}, {"start": "00:06:55", "end": "00:06:57", "text": "has maybe shifted over the last few"}, {"start": "00:06:57", "end": "00:06:59", "text": "years."}, {"start": "00:06:57", "end": "00:07:00", "text": ">> Now from a corporate strategy"}, {"start": "00:06:59", "end": "00:07:02", "text": "standpoint, I think there's really three"}, {"start": "00:07:00", "end": "00:07:03", "text": "things you can do. You can sit out and"}, {"start": "00:07:02", "end": "00:07:04", "text": "just say, \"Hey, look, we're not going to"}, {"start": "00:07:03", "end": "00:07:07", "text": "participate whatsoever.\" You can say,"}, {"start": "00:07:04", "end": "00:07:08", "text": "\"We are going to have a lot of breath in"}, {"start": "00:07:07", "end": "00:07:10", "text": "terms of the number of coins we're going"}, {"start": "00:07:08", "end": "00:07:12", "text": "to support.\" And there's some firms that"}, {"start": "00:07:10", "end": "00:07:13", "text": "are out there with Bitcoin, ETH, Salana,"}, {"start": "00:07:12", "end": "00:07:15", "text": "and then coins I never even heard of"}, {"start": "00:07:13", "end": "00:07:17", "text": "before, frankly. Or you can go really"}, {"start": "00:07:15", "end": "00:07:19", "text": "deep with a very small number. And it"}, {"start": "00:07:17", "end": "00:07:20", "text": "seems like that last one is been your"}, {"start": "00:07:19", "end": "00:07:22", "text": "guys strategy. You guys have Bitcoin and"}, {"start": "00:07:20", "end": "00:07:24", "text": "ETH, but you also have some income."}, {"start": "00:07:22", "end": "00:07:25", "text": "You've got some staked and unstaked and"}, {"start": "00:07:24", "end": "00:07:26", "text": "and kind of different variations. Can"}, {"start": "00:07:25", "end": "00:07:27", "text": "you just talk about, you know, when"}, {"start": "00:07:26", "end": "00:07:30", "text": "you're sitting in like the product"}, {"start": "00:07:27", "end": "00:07:31", "text": "development room or meeting, how are you"}, {"start": "00:07:30", "end": "00:07:33", "text": "guys thinking about what is, you know,"}, {"start": "00:07:31", "end": "00:07:34", "text": "part of the mandate and then maybe some"}, {"start": "00:07:33", "end": "00:07:35", "text": "of the things that you're like, look, we"}, {"start": "00:07:34", "end": "00:07:37", "text": "we'll let other people kind of go after"}, {"start": "00:07:35", "end": "00:07:38", "text": "those opportunities."}, {"start": "00:07:37", "end": "00:07:40", "text": ">> Well, I think an important starting"}, {"start": "00:07:38", "end": "00:07:42", "text": "point is remember Bitcoin and Ethereum"}, {"start": "00:07:40", "end": "00:07:44", "text": "make up anywhere between 2/3 and 3/4 of"}, {"start": "00:07:42", "end": "00:07:46", "text": "the whole digital asset market cap. So,"}, {"start": "00:07:44", "end": "00:07:49", "text": "a tremendous amount of value just in"}, {"start": "00:07:46", "end": "00:07:51", "text": "those two assets. And we're still so"}, {"start": "00:07:49", "end": "00:07:52", "text": "early in this journey for digital asset"}, {"start": "00:07:51", "end": "00:07:55", "text": "adoption in the broader financial"}, {"start": "00:07:52", "end": "00:07:57", "text": "ecosystem. So our focus has been you"}, {"start": "00:07:55", "end": "00:08:00", "text": "know we have the largest most liquid"}, {"start": "00:07:57", "end": "00:08:02", "text": "Bitcoin um ETP on on the planet. We have"}, {"start": "00:08:00", "end": "00:08:04", "text": "a staked Ethereum ET ETP that's the"}, {"start": "00:08:02", "end": "00:08:05", "text": "largest most liquid. We have a sorry we"}, {"start": "00:08:04", "end": "00:08:07", "text": "have an unstake version EA. We have a"}, {"start": "00:08:05", "end": "00:08:09", "text": "staked version ETHB that provides an"}, {"start": "00:08:07", "end": "00:08:12", "text": "additional income stream for investors."}, {"start": "00:08:09", "end": "00:08:14", "text": "So for us it's much more about playing"}, {"start": "00:08:12", "end": "00:08:15", "text": "in the biggest buckets right now uh"}, {"start": "00:08:14", "end": "00:08:18", "text": "where we think education where we think"}, {"start": "00:08:15", "end": "00:08:19", "text": "portfolio allocation and having really"}, {"start": "00:08:18", "end": "00:08:22", "text": "liquid tools is going to make a huge"}, {"start": "00:08:19", "end": "00:08:23", "text": "difference for investors. You're"}, {"start": "00:08:22", "end": "00:08:25", "text": "absolutely right though. We have kind of"}, {"start": "00:08:23", "end": "00:08:27", "text": "looked at different flavors of some of"}, {"start": "00:08:25", "end": "00:08:30", "text": "these assets. So, um our bringing out"}, {"start": "00:08:27", "end": "00:08:32", "text": "ETHB which is a staked Ethereum uh ETP"}, {"start": "00:08:30", "end": "00:08:33", "text": "uh earlier this year was a big decision"}, {"start": "00:08:32", "end": "00:08:35", "text": "to kind of allow for people to"}, {"start": "00:08:33", "end": "00:08:37", "text": "participate in staking through ETP"}, {"start": "00:08:35", "end": "00:08:40", "text": "structure. And then we also brought out"}, {"start": "00:08:37", "end": "00:08:43", "text": "bid uh which is effectively uh Bitcoin"}, {"start": "00:08:40", "end": "00:08:44", "text": "exposure with about 30% of that exposure"}, {"start": "00:08:43", "end": "00:08:46", "text": "overwritten with covered calls to"}, {"start": "00:08:44", "end": "00:08:49", "text": "generate a high income stream for"}, {"start": "00:08:46", "end": "00:08:52", "text": "investors. And a lot of that was driven"}, {"start": "00:08:49", "end": "00:08:53", "text": "by client feedback that clients are"}, {"start": "00:08:52", "end": "00:08:55", "text": "interested in Bitcoin. They like the"}, {"start": "00:08:53", "end": "00:09:00", "text": "long-term story, but the fact that it's"}, {"start": "00:08:55", "end": "00:09:01", "text": "a zero coupon, zero yielding asset um"}, {"start": "00:09:00", "end": "00:09:03", "text": "makes it sometimes hard to fit in a"}, {"start": "00:09:01", "end": "00:09:05", "text": "portfolio that can be very kind of cash"}, {"start": "00:09:03", "end": "00:09:07", "text": "flow based. And so attaching a cash flow"}, {"start": "00:09:05", "end": "00:09:09", "text": "to it through an option strategy can"}, {"start": "00:09:07", "end": "00:09:11", "text": "help people still have largely a long"}, {"start": "00:09:09", "end": "00:09:12", "text": "position in Bitcoin, but also get the"}, {"start": "00:09:11", "end": "00:09:16", "text": "utility of having an income stream from"}, {"start": "00:09:12", "end": "00:09:18", "text": "it. What about uh inind uh um kind of"}, {"start": "00:09:16", "end": "00:09:20", "text": "contributions or or creation um that was"}, {"start": "00:09:18", "end": "00:09:22", "text": "not part of the approval process early"}, {"start": "00:09:20", "end": "00:09:25", "text": "on but now that it has um kind of"}, {"start": "00:09:22", "end": "00:09:27", "text": "entered it seems like there are a lot of"}, {"start": "00:09:25", "end": "00:09:30", "text": "large holders who are saying look there"}, {"start": "00:09:27", "end": "00:09:31", "text": "is some sort of easy access security has"}, {"start": "00:09:30", "end": "00:09:33", "text": "been definitely in private conversations"}, {"start": "00:09:31", "end": "00:09:35", "text": "a lot of people are talking about cold"}, {"start": "00:09:33", "end": "00:09:37", "text": "card hacks or just physical security"}, {"start": "00:09:35", "end": "00:09:38", "text": "whatever am I better off holding the ETF"}, {"start": "00:09:37", "end": "00:09:40", "text": "than the Bitcoin which I think the"}, {"start": "00:09:38", "end": "00:09:41", "text": "hardcore Bitcoiners rightfully so are"}, {"start": "00:09:40", "end": "00:09:42", "text": "like well that's kind of against the"}, {"start": "00:09:41", "end": "00:09:44", "text": "Bitcoin ethos what are those"}, {"start": "00:09:42", "end": "00:09:46", "text": "conversations like with uh with with"}, {"start": "00:09:44", "end": "00:09:48", "text": "potential or actual ETF holders."}, {"start": "00:09:46", "end": "00:09:50", "text": ">> When we when we first launched IBIT, we"}, {"start": "00:09:48", "end": "00:09:51", "text": "weren't able to do inkind from a"}, {"start": "00:09:50", "end": "00:09:53", "text": "regulatory perspective, but that had"}, {"start": "00:09:51", "end": "00:09:55", "text": "evolved and and were able to do in kind"}, {"start": "00:09:53", "end": "00:09:58", "text": "transactions, meaning um through various"}, {"start": "00:09:55", "end": "00:10:00", "text": "third parties, someone who owns enough"}, {"start": "00:09:58", "end": "00:10:03", "text": "BTC can effectively kind of exchange"}, {"start": "00:10:00", "end": "00:10:04", "text": "that for IBIT. Um I was with you. I I"}, {"start": "00:10:03", "end": "00:10:06", "text": "thought this was more of kind of a"}, {"start": "00:10:04", "end": "00:10:07", "text": "security piece that people who are"}, {"start": "00:10:06", "end": "00:10:08", "text": "holding their own BTC were going to"}, {"start": "00:10:07", "end": "00:10:10", "text": "think, you know, I don't want to do this"}, {"start": "00:10:08", "end": "00:10:13", "text": "anymore. I'd rather have institutional"}, {"start": "00:10:10", "end": "00:10:15", "text": "level custody. Um but uh what we've"}, {"start": "00:10:13", "end": "00:10:17", "text": "learned is that's certainly a part of"}, {"start": "00:10:15", "end": "00:10:19", "text": "it, but a bigger piece of it is actually"}, {"start": "00:10:17", "end": "00:10:22", "text": "the ability to kind of financialize"}, {"start": "00:10:19", "end": "00:10:25", "text": "Bitcoin. Uh borrow against it is a huge"}, {"start": "00:10:22", "end": "00:10:26", "text": "use case for people who are long Bitcoin"}, {"start": "00:10:25", "end": "00:10:28", "text": "but have so much of their wealth tied up"}, {"start": "00:10:26", "end": "00:10:29", "text": "in it and they want to buy a house or"}, {"start": "00:10:28", "end": "00:10:32", "text": "buy a car. Being able to borrow against"}, {"start": "00:10:29", "end": "00:10:33", "text": "it is a is a big piece. Uh people who"}, {"start": "00:10:32", "end": "00:10:35", "text": "want to overlay different option"}, {"start": "00:10:33", "end": "00:10:37", "text": "strategies. If you've made a lot of"}, {"start": "00:10:35", "end": "00:10:39", "text": "money in Bitcoin or have a lot of your"}, {"start": "00:10:37", "end": "00:10:41", "text": "net worth in Bitcoin, maybe you do want"}, {"start": "00:10:39", "end": "00:10:43", "text": "some sort of protective uh options"}, {"start": "00:10:41", "end": "00:10:46", "text": "strategy or an income strategy on top of"}, {"start": "00:10:43", "end": "00:10:48", "text": "it or you want to do some sort of uh"}, {"start": "00:10:46", "end": "00:10:49", "text": "exchange replication where you can kind"}, {"start": "00:10:48", "end": "00:10:52", "text": "of reduce your Bitcoin risk and get more"}, {"start": "00:10:49", "end": "00:10:56", "text": "exposure to something like the S&P 500."}, {"start": "00:10:52", "end": "00:10:58", "text": "Once it sits within a wrapper like IBIT,"}, {"start": "00:10:56", "end": "00:10:59", "text": "there's a lot more you can do with it uh"}, {"start": "00:10:58", "end": "00:11:01", "text": "through different um financial"}, {"start": "00:10:59", "end": "00:11:06", "text": "platforms. So that's been a big driver"}, {"start": "00:11:01", "end": "00:11:08", "text": "of the inkind uh appetite. Also just the"}, {"start": "00:11:06", "end": "00:11:10", "text": "the minimums for inkind transactions"}, {"start": "00:11:08", "end": "00:11:12", "text": "have come down substantially. So right"}, {"start": "00:11:10", "end": "00:11:13", "text": "now it's sort of at the $1.5 million"}, {"start": "00:11:12", "end": "00:11:15", "text": "level for an inkind transaction."}, {"start": "00:11:13", "end": "00:11:16", "text": "Previously it was much higher than that."}, {"start": "00:11:15", "end": "00:11:18", "text": "And so that's really kind of opened the"}, {"start": "00:11:16", "end": "00:11:18", "text": "pool to more people to participate in"}, {"start": "00:11:18", "end": "00:11:20", "text": "that."}, {"start": "00:11:18", "end": "00:11:23", "text": ">> Yeah. Um you guys put out this uh kind"}, {"start": "00:11:20", "end": "00:11:25", "text": "of midyear thematic update. Um in it you"}, {"start": "00:11:23", "end": "00:11:26", "text": "guys talk about a lot of AI stuff. And I"}, {"start": "00:11:25", "end": "00:11:28", "text": "think that um there was a belief"}, {"start": "00:11:26", "end": "00:11:31", "text": "previously that AI was kind of stealing"}, {"start": "00:11:28", "end": "00:11:32", "text": "the show from Bitcoin. Um I think now"}, {"start": "00:11:31", "end": "00:11:34", "text": "maybe there's a little bit more kind of"}, {"start": "00:11:32", "end": "00:11:35", "text": "even ground if you will. People"}, {"start": "00:11:34", "end": "00:11:36", "text": "obviously are convinced the government"}, {"start": "00:11:35", "end": "00:11:38", "text": "is going to keep printing money. There's"}, {"start": "00:11:36", "end": "00:11:39", "text": "some questions around the macro"}, {"start": "00:11:38", "end": "00:11:41", "text": "environment and global liquidity. And so"}, {"start": "00:11:39", "end": "00:11:42", "text": "Bitcoin has kind of like reemerged helps"}, {"start": "00:11:41", "end": "00:11:44", "text": "the price you know and kind of those two"}, {"start": "00:11:42", "end": "00:11:46", "text": "things I think are related. AI is still"}, {"start": "00:11:44", "end": "00:11:48", "text": "a massive story and I think AI is"}, {"start": "00:11:46", "end": "00:11:50", "text": "probably driving the US economy right"}, {"start": "00:11:48", "end": "00:11:52", "text": "now. How do you maybe from a framework"}, {"start": "00:11:50", "end": "00:11:53", "text": "standpoint look at the AI industry given"}, {"start": "00:11:52", "end": "00:11:56", "text": "there's so many different components"}, {"start": "00:11:53", "end": "00:11:58", "text": "here. So and and to your point uh we at"}, {"start": "00:11:56", "end": "00:12:00", "text": "BlackRock have been saying now for a few"}, {"start": "00:11:58", "end": "00:12:02", "text": "months that AI has effectively become a"}, {"start": "00:12:00", "end": "00:12:04", "text": "macro factor uh in the sense that"}, {"start": "00:12:02", "end": "00:12:05", "text": "usually people look at things like GDP"}, {"start": "00:12:04", "end": "00:12:07", "text": "growth they look at interest rates now"}, {"start": "00:12:05", "end": "00:12:07", "text": "they look at AI adoption as one of the"}, {"start": "00:12:07", "end": "00:12:09", "text": "biggest"}, {"start": "00:12:07", "end": "00:12:10", "text": ">> influences on what's happening in the"}, {"start": "00:12:09", "end": "00:12:10", "text": "markets because"}, {"start": "00:12:10", "end": "00:12:12", "text": ">> true though"}, {"start": "00:12:10", "end": "00:12:14", "text": ">> if AI slows down the markets will feel"}, {"start": "00:12:12", "end": "00:12:16", "text": "it if AI accelerates the markets will"}, {"start": "00:12:14", "end": "00:12:19", "text": "enjoy it like it is that important to"}, {"start": "00:12:16", "end": "00:12:21", "text": "especially the US markets in terms of uh"}, {"start": "00:12:19", "end": "00:12:23", "text": "overall price levels so uh what we did"}, {"start": "00:12:21", "end": "00:12:25", "text": "with this thematic midyear update was"}, {"start": "00:12:23", "end": "00:12:27", "text": "you A lot of people kind of know where"}, {"start": "00:12:25", "end": "00:12:28", "text": "we are with AI today. This is much more"}, {"start": "00:12:27", "end": "00:12:30", "text": "looking at the future of where things"}, {"start": "00:12:28", "end": "00:12:31", "text": "are going to evolve, some of the"}, {"start": "00:12:30", "end": "00:12:33", "text": "challenges, some of the bottlenecks in"}, {"start": "00:12:31", "end": "00:12:35", "text": "the buildout of AI, some of the next"}, {"start": "00:12:33", "end": "00:12:37", "text": "phases in terms of what can we expect"}, {"start": "00:12:35", "end": "00:12:39", "text": "once we move out of this kind of major"}, {"start": "00:12:37", "end": "00:12:42", "text": "capex boom into more of a inference and"}, {"start": "00:12:39", "end": "00:12:43", "text": "uh and adoption boom. Uh and frankly,"}, {"start": "00:12:42", "end": "00:12:46", "text": "you know, what what does this mean for"}, {"start": "00:12:43", "end": "00:12:49", "text": "different industries? Too many people, I"}, {"start": "00:12:46", "end": "00:12:50", "text": "think, still view AI as a tech theme. Uh"}, {"start": "00:12:49", "end": "00:12:53", "text": "a lot of the tech companies are building"}, {"start": "00:12:50", "end": "00:12:55", "text": "AI, but it's a healthcare theme. It's a"}, {"start": "00:12:53", "end": "00:12:57", "text": "legal theme. It's a consumer theme. It's"}, {"start": "00:12:55", "end": "00:12:59", "text": "going to touch basically every industry"}, {"start": "00:12:57", "end": "00:13:01", "text": "or sector in one way or another. And we"}, {"start": "00:12:59", "end": "00:13:03", "text": "have to start thinking about that in"}, {"start": "00:13:01", "end": "00:13:04", "text": "across our portfolios. Just cuz you"}, {"start": "00:13:03", "end": "00:13:06", "text": "allocate to a healthcare fund, for"}, {"start": "00:13:04", "end": "00:13:09", "text": "example, doesn't mean you've necessarily"}, {"start": "00:13:06", "end": "00:13:11", "text": "uh moved away from the AI trade. This"}, {"start": "00:13:09", "end": "00:13:12", "text": "episode is brought to you by Lava. The"}, {"start": "00:13:11", "end": "00:13:14", "text": "Lava card is the first credit card that"}, {"start": "00:13:12", "end": "00:13:17", "text": "allows you to earn up to 5% back in"}, {"start": "00:13:14", "end": "00:13:19", "text": "Bitcoin on every single purchase. Most"}, {"start": "00:13:17", "end": "00:13:21", "text": "cards have steep annual fees and unclear"}, {"start": "00:13:19", "end": "00:13:23", "text": "points programs, but the Lava card"}, {"start": "00:13:21", "end": "00:13:25", "text": "offers a much better deal. 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With Lava, you can"}, {"start": "00:13:42", "end": "00:13:45", "text": "borrow against your Bitcoin at the"}, {"start": "00:13:43", "end": "00:13:47", "text": "lowest rates, earn yield, move money"}, {"start": "00:13:45", "end": "00:13:49", "text": "globally, and stack Bitcoin with each"}, {"start": "00:13:47", "end": "00:13:50", "text": "and every purchase you make. Most"}, {"start": "00:13:49", "end": "00:13:53", "text": "financial services squeeze you with high"}, {"start": "00:13:50", "end": "00:13:55", "text": "fees, confusing rewards programs. Lava"}, {"start": "00:13:53", "end": "00:13:58", "text": "keeps it simple, and they help you build"}, {"start": "00:13:55", "end": "00:14:01", "text": "your long-term savings via your everyday"}, {"start": "00:13:58", "end": "00:14:03", "text": "spend. Visit lava.xyz/pump"}, {"start": "00:14:01", "end": "00:14:06", "text": "to get started in just a few minutes"}, {"start": "00:14:03", "end": "00:14:08", "text": "today. lava.xyz/p"}, {"start": "00:14:06", "end": "00:14:10", "text": "to get started today."}, {"start": "00:14:08", "end": "00:14:13", "text": "It it's fascinating to me because I"}, {"start": "00:14:10", "end": "00:14:15", "text": "think um the tech community was very"}, {"start": "00:14:13", "end": "00:14:16", "text": "early to the AI stuff because they're"}, {"start": "00:14:15", "end": "00:14:19", "text": "kind of closest to um to the"}, {"start": "00:14:16", "end": "00:14:22", "text": "advancements but the tech industry is"}, {"start": "00:14:19", "end": "00:14:24", "text": "very much long only you know kind of uh"}, {"start": "00:14:22", "end": "00:14:27", "text": "equity based thought process when it"}, {"start": "00:14:24", "end": "00:14:29", "text": "comes to providing capital. This is one"}, {"start": "00:14:27", "end": "00:14:31", "text": "of those trends where you have software"}, {"start": "00:14:29", "end": "00:14:32", "text": "and hardware. When you get to hardware"}, {"start": "00:14:31", "end": "00:14:35", "text": "it's not like a trinket that you're"}, {"start": "00:14:32", "end": "00:14:36", "text": "building either. It is power generation,"}, {"start": "00:14:35", "end": "00:14:38", "text": "data centers, chips, you know, you kind"}, {"start": "00:14:36", "end": "00:14:40", "text": "of go through this whole stack. And so"}, {"start": "00:14:38", "end": "00:14:42", "text": "now you're talking about real estate,"}, {"start": "00:14:40", "end": "00:14:43", "text": "you're talking about debt, you're"}, {"start": "00:14:42", "end": "00:14:46", "text": "talking about equity, you're talking"}, {"start": "00:14:43", "end": "00:14:48", "text": "about hedging exposures. I mean, you"}, {"start": "00:14:46", "end": "00:14:49", "text": "start to then play, well, wait a minute,"}, {"start": "00:14:48", "end": "00:14:51", "text": "not all the companies are in America."}, {"start": "00:14:49", "end": "00:14:54", "text": "I've got to go learn about a company in"}, {"start": "00:14:51", "end": "00:14:55", "text": "South Korea or in Japan or, you know,"}, {"start": "00:14:54", "end": "00:14:59", "text": "wherever in the world. And so it does"}, {"start": "00:14:55", "end": "00:15:01", "text": "feel like the financialization"}, {"start": "00:14:59", "end": "00:15:03", "text": "is actually emerging as well of tech and"}, {"start": "00:15:01", "end": "00:15:04", "text": "finance is almost coming together and"}, {"start": "00:15:03", "end": "00:15:07", "text": "people are saying like I need to be as"}, {"start": "00:15:04", "end": "00:15:08", "text": "smart on how are companies being funded"}, {"start": "00:15:07", "end": "00:15:09", "text": "and what are the different tools"}, {"start": "00:15:08", "end": "00:15:11", "text": "available as I need to be on like just"}, {"start": "00:15:09", "end": "00:15:13", "text": "how does the technology work and that to"}, {"start": "00:15:11", "end": "00:15:14", "text": "me feels like one it's an opportunity if"}, {"start": "00:15:13", "end": "00:15:16", "text": "you get up to speed quickly you can you"}, {"start": "00:15:14", "end": "00:15:17", "text": "know kind of have an advantage but I got"}, {"start": "00:15:16", "end": "00:15:18", "text": "to imagine it's super difficult inside"}, {"start": "00:15:17", "end": "00:15:19", "text": "of a large firm because you're almost"}, {"start": "00:15:18", "end": "00:15:21", "text": "bringing together different teams with"}, {"start": "00:15:19", "end": "00:15:22", "text": "different expertise and trying to"}, {"start": "00:15:21", "end": "00:15:23", "text": "collaborate on these problems. Well, I"}, {"start": "00:15:22", "end": "00:15:25", "text": "think this is one of the incredible"}, {"start": "00:15:23", "end": "00:15:27", "text": "benefits of a place like Black Rockck is"}, {"start": "00:15:25", "end": "00:15:28", "text": "it can look at the entire capital stack"}, {"start": "00:15:27", "end": "00:15:29", "text": "of something like artificial"}, {"start": "00:15:28", "end": "00:15:31", "text": "intelligence and try to understand kind"}, {"start": "00:15:29", "end": "00:15:32", "text": "of where's the opportunities? Where can"}, {"start": "00:15:31", "end": "00:15:33", "text": "Black Rockck and its clients play a"}, {"start": "00:15:32", "end": "00:15:35", "text": "role? But you're right, when you when"}, {"start": "00:15:33", "end": "00:15:36", "text": "you talk about a theme that's in the"}, {"start": "00:15:35", "end": "00:15:38", "text": "trillions of dollars, which is where"}, {"start": "00:15:36", "end": "00:15:39", "text": "artificial intelligence is in terms of"}, {"start": "00:15:38", "end": "00:15:41", "text": "the capital expenditures that are"}, {"start": "00:15:39", "end": "00:15:44", "text": "needed, the potential economic impact of"}, {"start": "00:15:41", "end": "00:15:46", "text": "artificial intelligence, it's going to"}, {"start": "00:15:44", "end": "00:15:47", "text": "it's it's it's not necessarily just a US"}, {"start": "00:15:46", "end": "00:15:50", "text": "large cap equity play. It's going to be"}, {"start": "00:15:47", "end": "00:15:53", "text": "much broader. Uh we see that just within"}, {"start": "00:15:50", "end": "00:15:55", "text": "the equity ecosystem right now. So we uh"}, {"start": "00:15:53", "end": "00:15:56", "text": "sort of built out this concept of the AI"}, {"start": "00:15:55", "end": "00:15:57", "text": "value chain and trying to identify the"}, {"start": "00:15:56", "end": "00:16:00", "text": "different companies and the different"}, {"start": "00:15:57", "end": "00:16:02", "text": "layers of this value chain and it runs"}, {"start": "00:16:00", "end": "00:16:04", "text": "from power companies and and data"}, {"start": "00:16:02", "end": "00:16:07", "text": "centers in the real estate space to chip"}, {"start": "00:16:04", "end": "00:16:09", "text": "manufacturers to data owners to large"}, {"start": "00:16:07", "end": "00:16:10", "text": "language model developers applications"}, {"start": "00:16:09", "end": "00:16:12", "text": "that are adopting artificial"}, {"start": "00:16:10", "end": "00:16:14", "text": "intelligence uh platforms that are"}, {"start": "00:16:12", "end": "00:16:16", "text": "enabling it. We're suddenly in the"}, {"start": "00:16:14", "end": "00:16:18", "text": "dozens of companies globally that are"}, {"start": "00:16:16", "end": "00:16:21", "text": "participating in artificial intelligence"}, {"start": "00:16:18", "end": "00:16:22", "text": "across a whole range of sectors. So a"}, {"start": "00:16:21", "end": "00:16:25", "text": "lot of the education that we're doing"}, {"start": "00:16:22", "end": "00:16:27", "text": "with clients is saying you see this as a"}, {"start": "00:16:25", "end": "00:16:29", "text": "tech theme today. This is much bigger"}, {"start": "00:16:27", "end": "00:16:31", "text": "than a tech theme tomorrow really look"}, {"start": "00:16:29", "end": "00:16:32", "text": "across the entire value chain to"}, {"start": "00:16:31", "end": "00:16:34", "text": "understand where the best opportunities"}, {"start": "00:16:32", "end": "00:16:36", "text": "are. And in fact some of the best"}, {"start": "00:16:34", "end": "00:16:37", "text": "opportunities we think sort of sit"}, {"start": "00:16:36", "end": "00:16:39", "text": "outside of tech right now. Some of these"}, {"start": "00:16:37", "end": "00:16:43", "text": "physical constraints in materials and"}, {"start": "00:16:39", "end": "00:16:46", "text": "utilities uh in real estate where you"}, {"start": "00:16:43", "end": "00:16:47", "text": "know it's it's easy to scale a software."}, {"start": "00:16:46", "end": "00:16:50", "text": "doesn't have any incremental costs but"}, {"start": "00:16:47", "end": "00:16:52", "text": "it's not so easy to scale compute which"}, {"start": "00:16:50", "end": "00:16:55", "text": "has a tremendous physical footprint."}, {"start": "00:16:52", "end": "00:16:57", "text": "when you're looking at uh this sector,"}, {"start": "00:16:55", "end": "00:16:59", "text": "we obviously see let's take an example"}, {"start": "00:16:57", "end": "00:17:00", "text": "of uh uh the DRAM ETF, the best ETF"}, {"start": "00:16:59", "end": "00:17:03", "text": "launch in history. Everyone's all"}, {"start": "00:17:00", "end": "00:17:06", "text": "excited about it. To me, I think I was a"}, {"start": "00:17:03", "end": "00:17:08", "text": "little surprised at such a specific, you"}, {"start": "00:17:06", "end": "00:17:10", "text": "know, kind of vertical application of"}, {"start": "00:17:08", "end": "00:17:11", "text": "ETF into a very small number of"}, {"start": "00:17:10", "end": "00:17:13", "text": "companies. But there's some reasons I"}, {"start": "00:17:11", "end": "00:17:14", "text": "think people have unpacked just as kind"}, {"start": "00:17:13", "end": "00:17:16", "text": "of market observers of you're giving"}, {"start": "00:17:14", "end": "00:17:19", "text": "access and kind of doing these different"}, {"start": "00:17:16", "end": "00:17:20", "text": "things. How fragmented do you think"}, {"start": "00:17:19", "end": "00:17:22", "text": "these investment vehicles can get?"}, {"start": "00:17:20", "end": "00:17:24", "text": "Right? Like memory is one piece, but"}, {"start": "00:17:22", "end": "00:17:25", "text": "like if you're going to be able to go"}, {"start": "00:17:24", "end": "00:17:27", "text": "down to almost specific, you know,"}, {"start": "00:17:25", "end": "00:17:29", "text": "components, I mean, there could be"}, {"start": "00:17:27", "end": "00:17:30", "text": "thousands, right? Depending on how, you"}, {"start": "00:17:29", "end": "00:17:32", "text": "know, okay, well, what about the space?"}, {"start": "00:17:30", "end": "00:17:33", "text": "What about data centers? What about"}, {"start": "00:17:32", "end": "00:17:35", "text": "chips? What about all of this? Like"}, {"start": "00:17:33", "end": "00:17:36", "text": "within chips? What about liquid cooled"}, {"start": "00:17:35", "end": "00:17:39", "text": "chips? What about, you know, all this"}, {"start": "00:17:36", "end": "00:17:41", "text": "stuff? Like how do you guys think about"}, {"start": "00:17:39", "end": "00:17:43", "text": "the the ability to drill down into"}, {"start": "00:17:41", "end": "00:17:45", "text": "specificity versus maybe more like macro"}, {"start": "00:17:43", "end": "00:17:46", "text": "themes or like industry themes?"}, {"start": "00:17:45", "end": "00:17:48", "text": ">> Well, a lot of the way that we think"}, {"start": "00:17:46", "end": "00:17:50", "text": "about innovation is is based off of"}, {"start": "00:17:48", "end": "00:17:52", "text": "three pillars. One is is this solving a"}, {"start": "00:17:50", "end": "00:17:54", "text": "client need? Is this you know exposure"}, {"start": "00:17:52", "end": "00:17:56", "text": "to to a piece of the value chain that is"}, {"start": "00:17:54", "end": "00:17:57", "text": "otherwise hard to get exposure to or do"}, {"start": "00:17:56", "end": "00:17:59", "text": "we need to define this part of the value"}, {"start": "00:17:57", "end": "00:18:02", "text": "chain? A lot of the value of thematic"}, {"start": "00:17:59", "end": "00:18:03", "text": "ETFs is really frankly defining what is"}, {"start": "00:18:02", "end": "00:18:05", "text": "the theme? What are the companies"}, {"start": "00:18:03", "end": "00:18:07", "text": "involved in it? And that can be a really"}, {"start": "00:18:05", "end": "00:18:09", "text": "important access vehicle for investors."}, {"start": "00:18:07", "end": "00:18:10", "text": "Um I think the second thing is is there"}, {"start": "00:18:09", "end": "00:18:13", "text": "positive expected return? Is this going"}, {"start": "00:18:10", "end": "00:18:15", "text": "to have utility to portfolios? You could"}, {"start": "00:18:13", "end": "00:18:16", "text": "bucket things together but if it's not"}, {"start": "00:18:15", "end": "00:18:18", "text": "worth anything that's not really going"}, {"start": "00:18:16", "end": "00:18:20", "text": "to help our clients either. And the"}, {"start": "00:18:18", "end": "00:18:23", "text": "third is really a stamp of quality. Can"}, {"start": "00:18:20", "end": "00:18:25", "text": "we build a good ETF around this type of"}, {"start": "00:18:23", "end": "00:18:28", "text": "strategy or exposure? And when you get"}, {"start": "00:18:25", "end": "00:18:30", "text": "really narrow into the sub sub themes of"}, {"start": "00:18:28", "end": "00:18:32", "text": "artificial intelligence and there's only"}, {"start": "00:18:30", "end": "00:18:34", "text": "a couple of names, it doesn't really"}, {"start": "00:18:32", "end": "00:18:36", "text": "resemble an ETF anymore and in fact"}, {"start": "00:18:34", "end": "00:18:38", "text": "largely is not doable in an ETF anymore."}, {"start": "00:18:36", "end": "00:18:40", "text": "Uh and it looks a little bit more like"}, {"start": "00:18:38", "end": "00:18:42", "text": "um you know just a very kind of small"}, {"start": "00:18:40", "end": "00:18:44", "text": "granular basket. So the way we think"}, {"start": "00:18:42", "end": "00:18:46", "text": "about it at BlackRock is really those"}, {"start": "00:18:44", "end": "00:18:49", "text": "three pillars. the the client use case,"}, {"start": "00:18:46", "end": "00:18:51", "text": "the portfolio impact, and the quality of"}, {"start": "00:18:49", "end": "00:18:53", "text": "a product we can bring out. Back to"}, {"start": "00:18:51", "end": "00:18:55", "text": "memory. Memory is a super important part"}, {"start": "00:18:53", "end": "00:18:57", "text": "of the whole AI value chain. Um, and"}, {"start": "00:18:55", "end": "00:18:59", "text": "it's a really important part today."}, {"start": "00:18:57", "end": "00:19:01", "text": "Tomorrow, the value chain could have a"}, {"start": "00:18:59", "end": "00:19:03", "text": "different area of opportunity. It could"}, {"start": "00:19:01", "end": "00:19:04", "text": "be in the commodity space. It could all"}, {"start": "00:19:03", "end": "00:19:07", "text": "be about copper if we have copper"}, {"start": "00:19:04", "end": "00:19:09", "text": "shortages, right? So, the way that we've"}, {"start": "00:19:07", "end": "00:19:11", "text": "approached this is um we do have"}, {"start": "00:19:09", "end": "00:19:15", "text": "granular ETFs. We do have a copper"}, {"start": "00:19:11", "end": "00:19:16", "text": "mining ETF, ICOP, but for many clients,"}, {"start": "00:19:15", "end": "00:19:18", "text": "they just want an active manager to sit"}, {"start": "00:19:16", "end": "00:19:20", "text": "on top of this and decide for them, I"}, {"start": "00:19:18", "end": "00:19:22", "text": "want to be in memory now and I want to"}, {"start": "00:19:20", "end": "00:19:23", "text": "be in these memory companies or I want"}, {"start": "00:19:22", "end": "00:19:25", "text": "to move into the power space because"}, {"start": "00:19:23", "end": "00:19:27", "text": "that's where the opportunity is and"}, {"start": "00:19:25", "end": "00:19:29", "text": "really adjust that portfolio for clients"}, {"start": "00:19:27", "end": "00:19:31", "text": "on their behalf so that they don't have"}, {"start": "00:19:29", "end": "00:19:32", "text": "to try to research and time these trades"}, {"start": "00:19:31", "end": "00:19:33", "text": "themselves. It"}, {"start": "00:19:32", "end": "00:19:36", "text": ">> it does feel like take a shortage,"}, {"start": "00:19:33", "end": "00:19:38", "text": "right? Um in many industries when there"}, {"start": "00:19:36", "end": "00:19:39", "text": "is a shortage people are incentivized to"}, {"start": "00:19:38", "end": "00:19:41", "text": "come in and bring in capital investment"}, {"start": "00:19:39", "end": "00:19:42", "text": "and solve the shortage. That is the"}, {"start": "00:19:41", "end": "00:19:45", "text": "whole point of the price going up is"}, {"start": "00:19:42", "end": "00:19:47", "text": "this economic incentive. Um, and so if"}, {"start": "00:19:45", "end": "00:19:50", "text": "that is going to continue, there's"}, {"start": "00:19:47", "end": "00:19:51", "text": "almost this idea of you all have to kind"}, {"start": "00:19:50", "end": "00:19:53", "text": "of predict or or think about like what"}, {"start": "00:19:51", "end": "00:19:55", "text": "is the next shortage or what is the next"}, {"start": "00:19:53", "end": "00:19:56", "text": "area, but maybe also just you're big"}, {"start": "00:19:55", "end": "00:19:58", "text": "enough and you have enough resources and"}, {"start": "00:19:56", "end": "00:19:58", "text": "the firm has enough insights and and"}, {"start": "00:19:58", "end": "00:20:00", "text": "intelligence where you're just like,"}, {"start": "00:19:58", "end": "00:20:02", "text": "okay, why don't we just go and build"}, {"start": "00:20:00", "end": "00:20:05", "text": "products for the whole value chain and"}, {"start": "00:20:02", "end": "00:20:08", "text": "then as the like, you know, kind of"}, {"start": "00:20:05", "end": "00:20:09", "text": "micro trends or or rotations happen, we"}, {"start": "00:20:08", "end": "00:20:10", "text": "can serve everything. We don't have to"}, {"start": "00:20:09", "end": "00:20:12", "text": "constantly be trying to like play"}, {"start": "00:20:10", "end": "00:20:14", "text": "catch-up to to this, right? I I would"}, {"start": "00:20:12", "end": "00:20:16", "text": "assume that last strategy is much better"}, {"start": "00:20:14", "end": "00:20:17", "text": "when you've got the resources to do it."}, {"start": "00:20:16", "end": "00:20:19", "text": ">> Yeah. So, so we're doing that too. You"}, {"start": "00:20:17", "end": "00:20:21", "text": "know, we have a power ETF PR that's just"}, {"start": "00:20:19", "end": "00:20:22", "text": "looking at companies that are really"}, {"start": "00:20:21", "end": "00:20:24", "text": "trying to provide the fuels, the power"}, {"start": "00:20:22", "end": "00:20:25", "text": "generation, the power distribution that"}, {"start": "00:20:24", "end": "00:20:26", "text": "could benefit from artificial"}, {"start": "00:20:25", "end": "00:20:28", "text": "intelligence. Uh we have a digital"}, {"start": "00:20:26", "end": "00:20:30", "text": "infrastructure ETF, IDGT, that's looking"}, {"start": "00:20:28", "end": "00:20:32", "text": "at the real estate that is going to"}, {"start": "00:20:30", "end": "00:20:34", "text": "benefit from more need for data centers."}, {"start": "00:20:32", "end": "00:20:36", "text": "So, we we do look at this at a at kind"}, {"start": "00:20:34", "end": "00:20:38", "text": "of a sleeve basis across the value"}, {"start": "00:20:36", "end": "00:20:39", "text": "chain, but you could always take it"}, {"start": "00:20:38", "end": "00:20:41", "text": "narrower and narrower and narrower. at"}, {"start": "00:20:39", "end": "00:20:42", "text": "some point uh we have to say within the"}, {"start": "00:20:41", "end": "00:20:44", "text": "black rockck walls of you know this is"}, {"start": "00:20:42", "end": "00:20:46", "text": "kind of the the amount of precision that"}, {"start": "00:20:44", "end": "00:20:48", "text": "we think is doable in an ETF and"}, {"start": "00:20:46", "end": "00:20:50", "text": "valuable to clients. So we we have kind"}, {"start": "00:20:48", "end": "00:20:52", "text": "of the one ticker solution with BAI"}, {"start": "00:20:50", "end": "00:20:54", "text": "that's the actively managed AI ETF and"}, {"start": "00:20:52", "end": "00:20:57", "text": "then we have the sleeves of that value"}, {"start": "00:20:54", "end": "00:20:59", "text": "chain like power like IDGT uh like"}, {"start": "00:20:57", "end": "00:21:01", "text": "copper IOP that allow people to get more"}, {"start": "00:20:59", "end": "00:21:03", "text": "granular if they want to play it"}, {"start": "00:21:01", "end": "00:21:05", "text": "themselves. your your point on um your"}, {"start": "00:21:03", "end": "00:21:08", "text": "your point though on the on the on the"}, {"start": "00:21:05", "end": "00:21:11", "text": "choke points um on the um on the"}, {"start": "00:21:08", "end": "00:21:13", "text": "difficulties with the supply chain. This"}, {"start": "00:21:11", "end": "00:21:15", "text": "is where I think the biggest uh mismatch"}, {"start": "00:21:13", "end": "00:21:16", "text": "is in artificial intelligence today"}, {"start": "00:21:15", "end": "00:21:18", "text": "because what's happening on the large"}, {"start": "00:21:16", "end": "00:21:20", "text": "language model development is they're"}, {"start": "00:21:18", "end": "00:21:22", "text": "writing the the large language models"}, {"start": "00:21:20", "end": "00:21:23", "text": "are writing code for themselves to"}, {"start": "00:21:22", "end": "00:21:26", "text": "improve the models. This is happening"}, {"start": "00:21:23", "end": "00:21:29", "text": "constantly around the clock. uh you have"}, {"start": "00:21:26", "end": "00:21:30", "text": "demand accelerating in an exponential"}, {"start": "00:21:29", "end": "00:21:33", "text": "way with companies around the world"}, {"start": "00:21:30", "end": "00:21:34", "text": "making decisions in days, weeks to up"}, {"start": "00:21:33", "end": "00:21:36", "text": "the amount of money they're going to"}, {"start": "00:21:34", "end": "00:21:38", "text": "allocate to artificial intelligence and"}, {"start": "00:21:36", "end": "00:21:41", "text": "the tokens they're going to spend. But"}, {"start": "00:21:38", "end": "00:21:43", "text": "on the supply side, if we need more"}, {"start": "00:21:41", "end": "00:21:45", "text": "copper to support the buildout of more"}, {"start": "00:21:43", "end": "00:21:47", "text": "data centers or to rebuild the grid in"}, {"start": "00:21:45", "end": "00:21:49", "text": "the United States, you could be looking"}, {"start": "00:21:47", "end": "00:21:51", "text": "at 4 to 8 years until that copper mine"}, {"start": "00:21:49", "end": "00:21:54", "text": "comes online. uh if you need more indium"}, {"start": "00:21:51", "end": "00:21:56", "text": "because uh copper no longer is the best"}, {"start": "00:21:54", "end": "00:21:57", "text": "way to transmit data across a data"}, {"start": "00:21:56", "end": "00:21:59", "text": "center and you need photonics and lasers"}, {"start": "00:21:57", "end": "00:22:01", "text": "to do it instead you need to go build a"}, {"start": "00:21:59", "end": "00:22:03", "text": "zinc mine process that zinc a small"}, {"start": "00:22:01", "end": "00:22:04", "text": "byproduct of that is indium and then"}, {"start": "00:22:03", "end": "00:22:07", "text": "that's going to feed into your lasers"}, {"start": "00:22:04", "end": "00:22:08", "text": "and photonics that could also take years"}, {"start": "00:22:07", "end": "00:22:10", "text": "uh even if you just want to build more"}, {"start": "00:22:08", "end": "00:22:12", "text": "chips you know we just we just need more"}, {"start": "00:22:10", "end": "00:22:14", "text": "GPUs there's so much demand for it we"}, {"start": "00:22:12", "end": "00:22:17", "text": "want to accelerate today the fabs take"}, {"start": "00:22:14", "end": "00:22:18", "text": "about four years to bring online even in"}, {"start": "00:22:17", "end": "00:22:19", "text": "the United States even if you're trying"}, {"start": "00:22:18", "end": "00:22:22", "text": "to accelerate this buildout"}, {"start": "00:22:19", "end": "00:22:24", "text": "So the models are getting much better"}, {"start": "00:22:22", "end": "00:22:26", "text": "very quickly. The demand is growing at"}, {"start": "00:22:24", "end": "00:22:28", "text": "an exponential rate, but the supply side"}, {"start": "00:22:26", "end": "00:22:30", "text": "is lagging by years. And I think we're"}, {"start": "00:22:28", "end": "00:22:31", "text": "going to start to feel that in terms of"}, {"start": "00:22:30", "end": "00:22:32", "text": "where some of the investment"}, {"start": "00:22:31", "end": "00:22:35", "text": "opportunities are, but also maybe in"}, {"start": "00:22:32", "end": "00:22:37", "text": "certain ways about how AI evolves from"}, {"start": "00:22:35", "end": "00:22:39", "text": "here. I actually don't know the answer"}, {"start": "00:22:37", "end": "00:22:41", "text": "uh to this which is um everything you're"}, {"start": "00:22:39", "end": "00:22:43", "text": "describing all of the different tickers"}, {"start": "00:22:41", "end": "00:22:46", "text": "and strategies are very much um either"}, {"start": "00:22:43", "end": "00:22:48", "text": "rules-based uh kind of passive um hey we"}, {"start": "00:22:46", "end": "00:22:50", "text": "want to give you exposure and we've"}, {"start": "00:22:48", "end": "00:22:51", "text": "constructed a portfolio but there's not"}, {"start": "00:22:50", "end": "00:22:53", "text": "somebody at Black Rockck like sitting"}, {"start": "00:22:51", "end": "00:22:54", "text": "there being like today I think we should"}, {"start": "00:22:53", "end": "00:22:55", "text": "sell and tomorrow I think we should buy"}, {"start": "00:22:54", "end": "00:22:58", "text": "you know and kind of more actively"}, {"start": "00:22:55", "end": "00:22:59", "text": "managing. Do you guys have a a family of"}, {"start": "00:22:58", "end": "00:23:01", "text": "active management that are in some of"}, {"start": "00:22:59", "end": "00:23:03", "text": "these industries or are most of like the"}, {"start": "00:23:01", "end": "00:23:05", "text": "AI and crypto stuff just more kind of"}, {"start": "00:23:03", "end": "00:23:07", "text": "passive in nature? Yeah, we absolutely"}, {"start": "00:23:05", "end": "00:23:09", "text": "have active. So, BAI is our actively"}, {"start": "00:23:07", "end": "00:23:11", "text": "managed AI ETF run by Tony Kim. He's a"}, {"start": "00:23:09", "end": "00:23:13", "text": "fundamental equities manager who's run"}, {"start": "00:23:11", "end": "00:23:15", "text": "technology portfolios at Black Rockck"}, {"start": "00:23:13", "end": "00:23:18", "text": "for years. He does a Silicon Valley bus"}, {"start": "00:23:15", "end": "00:23:20", "text": "tour meeting all the major AI companies."}, {"start": "00:23:18", "end": "00:23:21", "text": "He's very much a stock picker picking a"}, {"start": "00:23:20", "end": "00:23:24", "text": "portfolio of AI companies and he's"}, {"start": "00:23:21", "end": "00:23:26", "text": "rotating across that value chain. That's"}, {"start": "00:23:24", "end": "00:23:29", "text": "very different from something like power"}, {"start": "00:23:26", "end": "00:23:32", "text": "PWR which is uh it's an index-based"}, {"start": "00:23:29", "end": "00:23:34", "text": "methodology that is looking at companies"}, {"start": "00:23:32", "end": "00:23:37", "text": "uh uh companies providing the fuel for"}, {"start": "00:23:34", "end": "00:23:39", "text": "electric generation companies generating"}, {"start": "00:23:37", "end": "00:23:40", "text": "electricity and companies involved in"}, {"start": "00:23:39", "end": "00:23:42", "text": "the distribution of that electricity."}, {"start": "00:23:40", "end": "00:23:43", "text": "That's an index. It can still evolve"}, {"start": "00:23:42", "end": "00:23:45", "text": "over time based off of those index"}, {"start": "00:23:43", "end": "00:23:47", "text": "rules, but there's not someone behind"}, {"start": "00:23:45", "end": "00:23:48", "text": "the scenes kind of doing fundamental"}, {"start": "00:23:47", "end": "00:23:50", "text": "stock picking. So, we have the whole"}, {"start": "00:23:48", "end": "00:23:52", "text": "range. And I think that's important for"}, {"start": "00:23:50", "end": "00:23:54", "text": "investors because some people want to"}, {"start": "00:23:52", "end": "00:23:56", "text": "outsource those decisions to Tony Kim"}, {"start": "00:23:54", "end": "00:23:57", "text": "and BAI, some people want to pick this,"}, {"start": "00:23:56", "end": "00:23:58", "text": "as you were saying, kind of some people"}, {"start": "00:23:57", "end": "00:24:00", "text": "want to get granular and pick the"}, {"start": "00:23:58", "end": "00:24:03", "text": "sleeves themselves. In many cases, an"}, {"start": "00:24:00", "end": "00:24:04", "text": "index based approach can be kind of a"}, {"start": "00:24:03", "end": "00:24:06", "text": "very efficient way of doing that."}, {"start": "00:24:04", "end": "00:24:09", "text": ">> Yeah, it's fascinating to me um how good"}, {"start": "00:24:06", "end": "00:24:12", "text": "you guys are at also the naming and the"}, {"start": "00:24:09", "end": "00:24:16", "text": "um uh the tickers like B AI pretty good"}, {"start": "00:24:12", "end": "00:24:16", "text": "power P what do you say? P O W. You"}, {"start": "00:24:16", "end": "00:24:18", "text": "don't want to know how much time was"}, {"start": "00:24:16", "end": "00:24:20", "text": "spent behind the scenes on some of those"}, {"start": "00:24:18", "end": "00:24:22", "text": "tickers, but we take it seriously."}, {"start": "00:24:20", "end": "00:24:24", "text": ">> Well, I also am assuming that there's a"}, {"start": "00:24:22", "end": "00:24:25", "text": "whole game of like who gets what ticker"}, {"start": "00:24:24", "end": "00:24:27", "text": "and how do you jockey for, you know,"}, {"start": "00:24:25", "end": "00:24:28", "text": "getting them and and some horse trading"}, {"start": "00:24:27", "end": "00:24:30", "text": "probably going on between firms or"}, {"start": "00:24:28", "end": "00:24:32", "text": "whatever. So, uh I've got to imagine"}, {"start": "00:24:30", "end": "00:24:34", "text": "though that building the portfolio,"}, {"start": "00:24:32", "end": "00:24:36", "text": "anyone can build a portfolio in a"}, {"start": "00:24:34", "end": "00:24:38", "text": "spreadsheet, right? Um anyone can come"}, {"start": "00:24:36", "end": "00:24:39", "text": "up with I think it should be named this"}, {"start": "00:24:38", "end": "00:24:41", "text": "like there there's a lot of uh"}, {"start": "00:24:39", "end": "00:24:43", "text": "intelligent kind of intentionality"}, {"start": "00:24:41", "end": "00:24:45", "text": "behind that. What about from a"}, {"start": "00:24:43", "end": "00:24:46", "text": "distribution standpoint? Like cool, you"}, {"start": "00:24:45", "end": "00:24:48", "text": "built a great ETF, it's got a great"}, {"start": "00:24:46", "end": "00:24:51", "text": "name, but now you got to get people to"}, {"start": "00:24:48", "end": "00:24:52", "text": "invest in it. And some of that is like,"}, {"start": "00:24:51", "end": "00:24:54", "text": "hey, we just can put it out in the world"}, {"start": "00:24:52", "end": "00:24:56", "text": "and you know, uh, maybe the media writes"}, {"start": "00:24:54", "end": "00:24:57", "text": "about it or something, but you guys also"}, {"start": "00:24:56", "end": "00:24:59", "text": "are very good at distribution. And so,"}, {"start": "00:24:57", "end": "00:25:01", "text": "how do you think about that component"}, {"start": "00:24:59", "end": "00:25:02", "text": "and having conversations with clients on"}, {"start": "00:25:01", "end": "00:25:03", "text": "these topics and answering questions?"}, {"start": "00:25:02", "end": "00:25:05", "text": "And, you know, there's like a whole"}, {"start": "00:25:03", "end": "00:25:07", "text": "another part of this business. Well, a"}, {"start": "00:25:05", "end": "00:25:08", "text": "huge part of the distribution strategy"}, {"start": "00:25:07", "end": "00:25:10", "text": "is just what helps our clients, what are"}, {"start": "00:25:08", "end": "00:25:11", "text": "they looking for, what do they need, how"}, {"start": "00:25:10", "end": "00:25:12", "text": "do we reach them in the right way, how"}, {"start": "00:25:11", "end": "00:25:14", "text": "do we provide the education that they"}, {"start": "00:25:12", "end": "00:25:17", "text": "need. So a good example of this, you"}, {"start": "00:25:14", "end": "00:25:19", "text": "know, BAI, uh, we really approached it"}, {"start": "00:25:17", "end": "00:25:21", "text": "from the perspective of we knew people"}, {"start": "00:25:19", "end": "00:25:22", "text": "saw the opportunity in artificial"}, {"start": "00:25:21", "end": "00:25:25", "text": "intelligence, but they wanted to sort of"}, {"start": "00:25:22", "end": "00:25:28", "text": "outsource to a, uh, to a well- reggarded"}, {"start": "00:25:25", "end": "00:25:30", "text": "manager how to play within the AI space."}, {"start": "00:25:28", "end": "00:25:32", "text": "And then on top of that, the question we"}, {"start": "00:25:30", "end": "00:25:34", "text": "were getting most often from clients was"}, {"start": "00:25:32", "end": "00:25:35", "text": "like, what do I do with this in my"}, {"start": "00:25:34", "end": "00:25:37", "text": "portfolio? Is AI too much in my"}, {"start": "00:25:35", "end": "00:25:38", "text": "portfolio? Is it too little in my"}, {"start": "00:25:37", "end": "00:25:41", "text": "portfolio? Where if I'm going to"}, {"start": "00:25:38", "end": "00:25:42", "text": "allocate to BAI, what do I sell? And so"}, {"start": "00:25:41", "end": "00:25:44", "text": "from the beginning, we really thought"}, {"start": "00:25:42", "end": "00:25:46", "text": "both from the product design and from"}, {"start": "00:25:44", "end": "00:25:49", "text": "the distribution perspective of let's be"}, {"start": "00:25:46", "end": "00:25:51", "text": "really clear, BAI is designed to be"}, {"start": "00:25:49", "end": "00:25:54", "text": "you're selling your tech sector and"}, {"start": "00:25:51", "end": "00:25:55", "text": "you're allocating to BAI to really"}, {"start": "00:25:54", "end": "00:25:57", "text": "overall you're going to keep your sector"}, {"start": "00:25:55", "end": "00:25:59", "text": "and geography exposure relatively"}, {"start": "00:25:57", "end": "00:26:00", "text": "relatively neutral, but you're going to"}, {"start": "00:25:59", "end": "00:26:03", "text": "be leaning into the kind of best parts"}, {"start": "00:26:00", "end": "00:26:05", "text": "of technology in today uh and leaving"}, {"start": "00:26:03", "end": "00:26:07", "text": "behind some of the parts that are not"}, {"start": "00:26:05", "end": "00:26:08", "text": "the most interesting parts of technology"}, {"start": "00:26:07", "end": "00:26:10", "text": "going forward. And so having that"}, {"start": "00:26:08", "end": "00:26:12", "text": "intentionality, having a distribution"}, {"start": "00:26:10", "end": "00:26:14", "text": "strategy that communicates those types"}, {"start": "00:26:12", "end": "00:26:17", "text": "of decisions is really important to us."}, {"start": "00:26:14", "end": "00:26:19", "text": "Uh having the tools, the education, um"}, {"start": "00:26:17", "end": "00:26:21", "text": "that really kind of completes the"}, {"start": "00:26:19", "end": "00:26:22", "text": "ecosystem for a new product. It's not"}, {"start": "00:26:21", "end": "00:26:24", "text": "just about having a, you know, a"}, {"start": "00:26:22", "end": "00:26:25", "text": "memorable ticker. It helps. It's good to"}, {"start": "00:26:24", "end": "00:26:27", "text": "have a good ticker, but you really have"}, {"start": "00:26:25", "end": "00:26:28", "text": "to support it with that portfolio lens"}, {"start": "00:26:27", "end": "00:26:29", "text": "and really kind of solving the client"}, {"start": "00:26:28", "end": "00:26:30", "text": "need lens."}, {"start": "00:26:29", "end": "00:26:32", "text": ">> How does like the rise of the"}, {"start": "00:26:30", "end": "00:26:33", "text": "independent investors change things,"}, {"start": "00:26:32", "end": "00:26:35", "text": "right? We've obvious seen a lot of"}, {"start": "00:26:33", "end": "00:26:36", "text": "boutique ETF issuers just say, \"Hey,"}, {"start": "00:26:35", "end": "00:26:38", "text": "we're just going to go independent.\" Um,"}, {"start": "00:26:36", "end": "00:26:40", "text": "if you listen to the earnings calls of"}, {"start": "00:26:38", "end": "00:26:41", "text": "various companies, including you all."}, {"start": "00:26:40", "end": "00:26:42", "text": "Uh, I think there's a lot of talk."}, {"start": "00:26:41", "end": "00:26:44", "text": "Everyone calls it something different."}, {"start": "00:26:42", "end": "00:26:46", "text": "Self-directed, private wealth, you know,"}, {"start": "00:26:44", "end": "00:26:48", "text": "independent, um, what, whatever. But"}, {"start": "00:26:46", "end": "00:26:49", "text": "that feels like it's a big opportunity,"}, {"start": "00:26:48", "end": "00:26:51", "text": "but firms are still trying to figure"}, {"start": "00:26:49", "end": "00:26:52", "text": "out, you know, how do we interface with"}, {"start": "00:26:51", "end": "00:26:54", "text": "these people and and do they want the"}, {"start": "00:26:52", "end": "00:26:55", "text": "same things, not the same things? Just"}, {"start": "00:26:54", "end": "00:26:56", "text": "talk about, you know, what what that"}, {"start": "00:26:55", "end": "00:26:57", "text": "looks like today."}, {"start": "00:26:56", "end": "00:26:59", "text": ">> It's a tremendous opportunity, and it's"}, {"start": "00:26:57", "end": "00:27:02", "text": "a it's one of the fastest growing client"}, {"start": "00:26:59", "end": "00:27:04", "text": "channels. The important part is one ETFs"}, {"start": "00:27:02", "end": "00:27:06", "text": "have always been this democratizing"}, {"start": "00:27:04", "end": "00:27:08", "text": "vehicle. Uh an end investor on their"}, {"start": "00:27:06", "end": "00:27:09", "text": "online brokerage account can buy the"}, {"start": "00:27:08", "end": "00:27:12", "text": "same exposure that one of the largest"}, {"start": "00:27:09", "end": "00:27:16", "text": "institutions in the world can buy to get"}, {"start": "00:27:12", "end": "00:27:17", "text": "the S&P 500 or to get Bitcoin. Um but"}, {"start": "00:27:16", "end": "00:27:19", "text": "the way that the end investor makes that"}, {"start": "00:27:17", "end": "00:27:21", "text": "decision is probably going to look very"}, {"start": "00:27:19", "end": "00:27:23", "text": "different from a very large"}, {"start": "00:27:21", "end": "00:27:24", "text": "sophisticated institution. One of the"}, {"start": "00:27:23", "end": "00:27:26", "text": "things we've had to get much better at"}, {"start": "00:27:24", "end": "00:27:28", "text": "is really thinking about the end"}, {"start": "00:27:26", "end": "00:27:30", "text": "investor and who they really are, how"}, {"start": "00:27:28", "end": "00:27:33", "text": "they think about what investments uh"}, {"start": "00:27:30", "end": "00:27:36", "text": "they should be investing in that"}, {"start": "00:27:33", "end": "00:27:38", "text": "process, what tools do they need. Um"}, {"start": "00:27:36", "end": "00:27:41", "text": "there's a wide range of end investors."}, {"start": "00:27:38", "end": "00:27:43", "text": "Some people are more kind of trade"}, {"start": "00:27:41", "end": "00:27:44", "text": "oriented. They're looking for laser"}, {"start": "00:27:43", "end": "00:27:46", "text": "specific exposures and they have really"}, {"start": "00:27:44", "end": "00:27:48", "text": "high conviction in what they're doing."}, {"start": "00:27:46", "end": "00:27:50", "text": "other end investors have just saved"}, {"start": "00:27:48", "end": "00:27:52", "text": "their first $100 and want to put it to"}, {"start": "00:27:50", "end": "00:27:54", "text": "work in something that resembles their"}, {"start": "00:27:52", "end": "00:27:56", "text": "401k retirement account. Very different"}, {"start": "00:27:54", "end": "00:27:57", "text": "products, very different types of"}, {"start": "00:27:56", "end": "00:28:00", "text": "investors. They need different types of"}, {"start": "00:27:57", "end": "00:28:01", "text": "education. And so, a lot of uh ways that"}, {"start": "00:28:00", "end": "00:28:03", "text": "we've thought about it is let's make"}, {"start": "00:28:01", "end": "00:28:05", "text": "incredible products, but let's make"}, {"start": "00:28:03", "end": "00:28:07", "text": "incredible products that might not"}, {"start": "00:28:05", "end": "00:28:09", "text": "necessarily be for the same uh"}, {"start": "00:28:07", "end": "00:28:10", "text": "investors. Different products are going"}, {"start": "00:28:09", "end": "00:28:11", "text": "to have different use cases for"}, {"start": "00:28:10", "end": "00:28:13", "text": "different people, and let's make sure we"}, {"start": "00:28:11", "end": "00:28:14", "text": "help those investors understand what"}, {"start": "00:28:13", "end": "00:28:16", "text": "they're getting into. When you think"}, {"start": "00:28:14", "end": "00:28:18", "text": "about the ETF rapper itself, um"}, {"start": "00:28:16", "end": "00:28:21", "text": "obviously the mutual fund industry was"}, {"start": "00:28:18", "end": "00:28:22", "text": "uh was incredible. Um and now it's kind"}, {"start": "00:28:21", "end": "00:28:24", "text": "of fallen to the wayside and I actually"}, {"start": "00:28:22", "end": "00:28:26", "text": "think uh it's very interesting when I"}, {"start": "00:28:24", "end": "00:28:27", "text": "talk to um older people with more"}, {"start": "00:28:26", "end": "00:28:29", "text": "experience that come from the"}, {"start": "00:28:27", "end": "00:28:31", "text": "traditional finance world. They think"}, {"start": "00:28:29", "end": "00:28:33", "text": "mutual funds are, you know, the the"}, {"start": "00:28:31", "end": "00:28:35", "text": "default and ETFs are this new thing even"}, {"start": "00:28:33", "end": "00:28:38", "text": "today. When I talk to anyone who is"}, {"start": "00:28:35", "end": "00:28:39", "text": "young, they're like mutual funds like"}, {"start": "00:28:38", "end": "00:28:42", "text": "you know that's like a whole different"}, {"start": "00:28:39", "end": "00:28:44", "text": "ballgame. Like all I know is ETFs. It"}, {"start": "00:28:42", "end": "00:28:46", "text": "feels almost like it is a technology"}, {"start": "00:28:44", "end": "00:28:48", "text": "shift, right? And you see this with AI"}, {"start": "00:28:46", "end": "00:28:52", "text": "like there's preAI and you know now"}, {"start": "00:28:48", "end": "00:28:54", "text": "there's postAI crypto same thing. What"}, {"start": "00:28:52", "end": "00:28:56", "text": "is the conversation internally of just"}, {"start": "00:28:54", "end": "00:28:57", "text": "like the ETF rapper, the rise of it and"}, {"start": "00:28:56", "end": "00:28:58", "text": "maybe the value that that brings to"}, {"start": "00:28:57", "end": "00:29:01", "text": "investors."}, {"start": "00:28:58", "end": "00:29:02", "text": ">> So um I I completely agree ETFs are a"}, {"start": "00:29:01", "end": "00:29:04", "text": "technology that helped bring more"}, {"start": "00:29:02", "end": "00:29:07", "text": "liquidity, more transparency, more tax"}, {"start": "00:29:04", "end": "00:29:09", "text": "efficiency to investing for so many more"}, {"start": "00:29:07", "end": "00:29:11", "text": "investors. Um, just to go back to the"}, {"start": "00:29:09", "end": "00:29:13", "text": "mutual fund, there's still plenty of"}, {"start": "00:29:11", "end": "00:29:14", "text": "demand for the mutual fund structure."}, {"start": "00:29:13", "end": "00:29:16", "text": "It's still largely the predominant"}, {"start": "00:29:14", "end": "00:29:18", "text": "structure in the retirement space where"}, {"start": "00:29:16", "end": "00:29:19", "text": "tax efficiency and liquidity are not as"}, {"start": "00:29:18", "end": "00:29:22", "text": "important. You know, people are putting"}, {"start": "00:29:19", "end": "00:29:24", "text": "away money every 2 weeks. Uh they're not"}, {"start": "00:29:22", "end": "00:29:25", "text": "trading, they're not shorting, it's, you"}, {"start": "00:29:24", "end": "00:29:27", "text": "know, they're just long only and that's"}, {"start": "00:29:25", "end": "00:29:30", "text": "an efficient mechanism for uh for"}, {"start": "00:29:27", "end": "00:29:32", "text": "retirement. Also in certain areas of the"}, {"start": "00:29:30", "end": "00:29:34", "text": "market where maybe not having"}, {"start": "00:29:32", "end": "00:29:36", "text": "transparency on a daily basis, it could"}, {"start": "00:29:34", "end": "00:29:39", "text": "still be valuable to have a mutual fund."}, {"start": "00:29:36", "end": "00:29:41", "text": "But for many investors, the ETF is their"}, {"start": "00:29:39", "end": "00:29:42", "text": "default investment vehicle going forward"}, {"start": "00:29:41", "end": "00:29:45", "text": "for all the reasons I mentioned. Again,"}, {"start": "00:29:42", "end": "00:29:48", "text": "liquidity, uh transparency,"}, {"start": "00:29:45", "end": "00:29:50", "text": "um uh the tax efficiency, um that all"}, {"start": "00:29:48", "end": "00:29:52", "text": "really much matters a lot. So when we"}, {"start": "00:29:50", "end": "00:29:55", "text": "think about product development in many"}, {"start": "00:29:52", "end": "00:29:57", "text": "cases the default answer will be the"}, {"start": "00:29:55", "end": "00:29:59", "text": "strategy should probably be an in an ETF"}, {"start": "00:29:57", "end": "00:30:00", "text": "if it's doable in an ETF at high"}, {"start": "00:29:59", "end": "00:30:02", "text": "quality. Doesn't mean everything will be"}, {"start": "00:30:00", "end": "00:30:05", "text": "an ETF but especially in in kind of"}, {"start": "00:30:02", "end": "00:30:07", "text": "liquid markets that's you know tie would"}, {"start": "00:30:05", "end": "00:30:10", "text": "go to the ETF. Today's episode is"}, {"start": "00:30:07", "end": "00:30:11", "text": "brought to you by Token 2049. The"}, {"start": "00:30:10", "end": "00:30:15", "text": "largest conference in crypto is back."}, {"start": "00:30:11", "end": "00:30:17", "text": "Token 249 will host 25,000 people, 300"}, {"start": "00:30:15", "end": "00:30:19", "text": "speakers, and a thousand plus side"}, {"start": "00:30:17", "end": "00:30:21", "text": "events in Singapore on October 7th and"}, {"start": "00:30:19", "end": "00:30:23", "text": "8th at Marina Bay Sands. The speaker"}, {"start": "00:30:21", "end": "00:30:25", "text": "list is absolutely stacked. Shane"}, {"start": "00:30:23", "end": "00:30:28", "text": "Copeland from Poly Market, Jeff Yan from"}, {"start": "00:30:25", "end": "00:30:30", "text": "Hyperlquid, Adena Friedman from NASDAQ,"}, {"start": "00:30:28", "end": "00:30:32", "text": "Arthur Hayes, Bellagi, and Eric Trump."}, {"start": "00:30:30", "end": "00:30:33", "text": "Crypto and traditional finance in the"}, {"start": "00:30:32", "end": "00:30:34", "text": "same building, which tells you a lot"}, {"start": "00:30:33", "end": "00:30:36", "text": "about where this is going. And the"}, {"start": "00:30:34", "end": "00:30:38", "text": "conference runs right into F1 weekend,"}, {"start": "00:30:36", "end": "00:30:40", "text": "so the whole thing turns into one giant"}, {"start": "00:30:38", "end": "00:30:42", "text": "week. If you're headed to Singapore, use"}, {"start": "00:30:40", "end": "00:30:45", "text": "code POMP 10 for 10% off your ticket."}, {"start": "00:30:42", "end": "00:30:47", "text": "Token 2049, October 7th and 8th in"}, {"start": "00:30:45", "end": "00:30:49", "text": "Singapore. Go check them out in the link"}, {"start": "00:30:47", "end": "00:30:51", "text": "in the description. Today's episode is"}, {"start": "00:30:49", "end": "00:30:52", "text": "brought to you by Simple Mining. Bitcoin"}, {"start": "00:30:51", "end": "00:30:54", "text": "mining has a reputation for being"}, {"start": "00:30:52", "end": "00:30:56", "text": "complicated, risky, and hard to evaluate"}, {"start": "00:30:54", "end": "00:30:59", "text": "as a real investment. If you're"}, {"start": "00:30:56", "end": "00:31:00", "text": "considering mining in 2026, what"}, {"start": "00:30:59", "end": "00:31:02", "text": "actually matters isn't headline"}, {"start": "00:31:00", "end": "00:31:04", "text": "profitability. It's uptime, repairs, and"}, {"start": "00:31:02", "end": "00:31:06", "text": "whether the operation is run like a real"}, {"start": "00:31:04", "end": "00:31:08", "text": "business. That's why I've been using"}, {"start": "00:31:06", "end": "00:31:10", "text": "Simple Mining. They're based in Cedar"}, {"start": "00:31:08", "end": "00:31:12", "text": "Falls, Iowa, and they run a white glove"}, {"start": "00:31:10", "end": "00:31:14", "text": "hosting operation where you own your"}, {"start": "00:31:12", "end": "00:31:16", "text": "miners. You choose your own pool and you"}, {"start": "00:31:14", "end": "00:31:18", "text": "have Bitcoin sent directly to your"}, {"start": "00:31:16", "end": "00:31:20", "text": "wallet. They were featured on the Inc."}, {"start": "00:31:18", "end": "00:31:22", "text": "5000 list as the fastest growing company"}, {"start": "00:31:20", "end": "00:31:24", "text": "in Iowa with over 40,000 machines under"}, {"start": "00:31:22", "end": "00:31:26", "text": "management. What stands out to me is"}, {"start": "00:31:24", "end": "00:31:28", "text": "execution. They have the number one"}, {"start": "00:31:26", "end": "00:31:30", "text": "rated ASIC repair center, and for the"}, {"start": "00:31:28", "end": "00:31:32", "text": "first 12 months, repairs are included."}, {"start": "00:31:30", "end": "00:31:34", "text": "If mining margins get tight, you can"}, {"start": "00:31:32", "end": "00:31:36", "text": "pause with no penalties. And if you want"}, {"start": "00:31:34", "end": "00:31:37", "text": "to resize or upgrade your fleet, there's"}, {"start": "00:31:36", "end": "00:31:39", "text": "a marketplace to resell equipment"}, {"start": "00:31:37", "end": "00:31:40", "text": "instead of being stuck. To help people"}, {"start": "00:31:39", "end": "00:31:42", "text": "think it through whether mining actually"}, {"start": "00:31:40", "end": "00:31:45", "text": "makes sense right now, they put together"}, {"start": "00:31:42", "end": "00:31:47", "text": "a short resource called the 2026 Bitcoin"}, {"start": "00:31:45", "end": "00:31:48", "text": "mining blueprint. It walks through the"}, {"start": "00:31:47", "end": "00:31:50", "text": "five mistakes investors make when"}, {"start": "00:31:48", "end": "00:31:51", "text": "allocating to mining. And they also"}, {"start": "00:31:50", "end": "00:31:53", "text": "explain how to avoid them before"}, {"start": "00:31:51", "end": "00:31:55", "text": "deploying capital. If it sounds"}, {"start": "00:31:53", "end": "00:31:58", "text": "interesting to you, you can get it for"}, {"start": "00:31:55", "end": "00:32:01", "text": "free at simplemining.io/p."}, {"start": "00:31:58", "end": "00:32:03", "text": "That's simplemining.io/p."}, {"start": "00:32:01", "end": "00:32:05", "text": "go check it out today and see if you"}, {"start": "00:32:03", "end": "00:32:07", "text": "should get into the mining game."}, {"start": "00:32:05", "end": "00:32:08", "text": "When you guys think about uh the"}, {"start": "00:32:07", "end": "00:32:10", "text": "landscape, the product suite that you"}, {"start": "00:32:08", "end": "00:32:11", "text": "have built, what what are the"}, {"start": "00:32:10", "end": "00:32:12", "text": "challenges? Like what what are the"}, {"start": "00:32:11", "end": "00:32:13", "text": "things that, you know, keep you awake at"}, {"start": "00:32:12", "end": "00:32:15", "text": "night and you're like, \"Hey, we still"}, {"start": "00:32:13", "end": "00:32:16", "text": "got to solve this.\" Cuz I think on the"}, {"start": "00:32:15", "end": "00:32:17", "text": "outside people are like, \"Man, they"}, {"start": "00:32:16", "end": "00:32:19", "text": "killed it with the Bitcoin ETF. They've"}, {"start": "00:32:17", "end": "00:32:20", "text": "killed it with the ETF game in general."}, {"start": "00:32:19", "end": "00:32:22", "text": "The firm is doing very well. It's"}, {"start": "00:32:20", "end": "00:32:24", "text": "growing. It's, you know, it's one of the"}, {"start": "00:32:22", "end": "00:32:25", "text": "leaders on Wall Street.\" What's the"}, {"start": "00:32:24", "end": "00:32:26", "text": "other side of that story? Like, what are"}, {"start": "00:32:25", "end": "00:32:29", "text": "the things that keep you guys awake?"}, {"start": "00:32:26", "end": "00:32:31", "text": ">> What keeps us awake? Uh I think um one I"}, {"start": "00:32:29", "end": "00:32:33", "text": "think we can always do more on the"}, {"start": "00:32:31", "end": "00:32:35", "text": "educational side to help people use our"}, {"start": "00:32:33", "end": "00:32:37", "text": "products the best possible ways. Uh that"}, {"start": "00:32:35", "end": "00:32:38", "text": "just we have to reach a lot of"}, {"start": "00:32:37", "end": "00:32:41", "text": "investors. We have to be really"}, {"start": "00:32:38", "end": "00:32:42", "text": "thoughtful in the types of uh uh um"}, {"start": "00:32:41", "end": "00:32:45", "text": "commentary we're providing. I think"}, {"start": "00:32:42", "end": "00:32:48", "text": "that's really important. The other piece"}, {"start": "00:32:45", "end": "00:32:49", "text": "is there's so much choice out there now."}, {"start": "00:32:48", "end": "00:32:50", "text": "There's so many there's more ETFs than"}, {"start": "00:32:49", "end": "00:32:52", "text": "there are stocks listed in the United"}, {"start": "00:32:50", "end": "00:32:54", "text": "States. Crazy. This is going to be a"}, {"start": "00:32:52", "end": "00:32:56", "text": "record year for ETF launches. uh we're"}, {"start": "00:32:54", "end": "00:32:59", "text": "seeing there's more active ETFs now than"}, {"start": "00:32:56", "end": "00:33:01", "text": "index based ETFs and with that amount of"}, {"start": "00:32:59", "end": "00:33:03", "text": "breadth on the market it does make it"}, {"start": "00:33:01", "end": "00:33:05", "text": "much harder for investors to make the"}, {"start": "00:33:03", "end": "00:33:07", "text": "decisions of what ETF they should buy"}, {"start": "00:33:05", "end": "00:33:09", "text": "and making it further harder you know"}, {"start": "00:33:07", "end": "00:33:10", "text": "the names can be the same you you can"}, {"start": "00:33:09", "end": "00:33:13", "text": "have plenty of ETFs that all sound like"}, {"start": "00:33:10", "end": "00:33:15", "text": "an AI ETF or a power infrastructure ETF"}, {"start": "00:33:13", "end": "00:33:16", "text": "what's going on under the hood what are"}, {"start": "00:33:15", "end": "00:33:19", "text": "the companies you're invested in what's"}, {"start": "00:33:16", "end": "00:33:21", "text": "the process how did you structure that"}, {"start": "00:33:19", "end": "00:33:23", "text": "product to be really um designed in a"}, {"start": "00:33:21", "end": "00:33:25", "text": "way that was really thoughtful one"}, {"start": "00:33:23", "end": "00:33:27", "text": "example of that is is Bida. So Bida is"}, {"start": "00:33:25", "end": "00:33:29", "text": "our our Bitcoin premium income ETF as I"}, {"start": "00:33:27", "end": "00:33:31", "text": "was mentioning a bit earlier and we made"}, {"start": "00:33:29", "end": "00:33:32", "text": "a very intentional choice to structure"}, {"start": "00:33:31", "end": "00:33:35", "text": "it and this I'm going to nerd out. I'm"}, {"start": "00:33:32", "end": "00:33:37", "text": "sorry but um we structured it as a 33act"}, {"start": "00:33:35", "end": "00:33:39", "text": "um uh product instead of a 40act"}, {"start": "00:33:37", "end": "00:33:41", "text": "product. 33act is the same structure"}, {"start": "00:33:39", "end": "00:33:44", "text": "that you have for um for Bitcoin for"}, {"start": "00:33:41", "end": "00:33:45", "text": "gold ETFs but it's a bit unusual"}, {"start": "00:33:44", "end": "00:33:48", "text": "compared to the 40act structure which is"}, {"start": "00:33:45", "end": "00:33:50", "text": "for predominantly almost all ETFs"}, {"start": "00:33:48", "end": "00:33:53", "text": "otherwise. uh but we did that because"}, {"start": "00:33:50", "end": "00:33:56", "text": "there are certain tax advantages uh to"}, {"start": "00:33:53", "end": "00:33:57", "text": "investors. It does come with a K1 form"}, {"start": "00:33:56", "end": "00:34:00", "text": "which can be a little bit more complex"}, {"start": "00:33:57", "end": "00:34:02", "text": "but at the end of the day uh it can be"}, {"start": "00:34:00", "end": "00:34:04", "text": "more after tax efficient for investors"}, {"start": "00:34:02", "end": "00:34:06", "text": "and so you know we looked at these two"}, {"start": "00:34:04", "end": "00:34:08", "text": "different structures we looked at the 33"}, {"start": "00:34:06", "end": "00:34:09", "text": "act we had to make the decision of it"}, {"start": "00:34:08", "end": "00:34:11", "text": "might be a little bit more complicated"}, {"start": "00:34:09", "end": "00:34:13", "text": "but if we educate people on why we did"}, {"start": "00:34:11", "end": "00:34:16", "text": "this and it's for after tax investors"}, {"start": "00:34:13", "end": "00:34:19", "text": "that can ultimately be a better choice"}, {"start": "00:34:16", "end": "00:34:20", "text": "um for for for many people out there. So"}, {"start": "00:34:19", "end": "00:34:22", "text": "there's so much nuance that goes under"}, {"start": "00:34:20", "end": "00:34:24", "text": "the hood with ETFs. Uh, I guess my"}, {"start": "00:34:22", "end": "00:34:26", "text": "message to people out there is don't"}, {"start": "00:34:24", "end": "00:34:28", "text": "just look at the name. A catchy name's"}, {"start": "00:34:26", "end": "00:34:29", "text": "great. Uh, there's a lot going on under"}, {"start": "00:34:28", "end": "00:34:31", "text": "the hood of the decisions and the"}, {"start": "00:34:29", "end": "00:34:33", "text": "quality that an ETF provider is putting"}, {"start": "00:34:31", "end": "00:34:36", "text": "into their ETF."}, {"start": "00:34:33", "end": "00:34:38", "text": ">> One other example, uh, it's just, um,"}, {"start": "00:34:36", "end": "00:34:40", "text": "it's not just about the design of the"}, {"start": "00:34:38", "end": "00:34:41", "text": "ETF itself. It's also about how it"}, {"start": "00:34:40", "end": "00:34:43", "text": "trades on the market."}, {"start": "00:34:41", "end": "00:34:46", "text": ">> Um, that's something that in many ways"}, {"start": "00:34:43", "end": "00:34:47", "text": "is a bit uh, arms length from us. We're"}, {"start": "00:34:46", "end": "00:34:50", "text": "not a market maker. We're not setting"}, {"start": "00:34:47", "end": "00:34:52", "text": "out markets on an individual ETF, but we"}, {"start": "00:34:50", "end": "00:34:53", "text": "have relationships with market makers."}, {"start": "00:34:52", "end": "00:34:54", "text": "And when we design an ETF, we're"}, {"start": "00:34:53", "end": "00:34:56", "text": "thoughtful about what are the pain"}, {"start": "00:34:54", "end": "00:34:58", "text": "points for market makers in terms of how"}, {"start": "00:34:56", "end": "00:35:00", "text": "they can make the best possible markets"}, {"start": "00:34:58", "end": "00:35:02", "text": "for our ETFs. And so again, you could"}, {"start": "00:35:00", "end": "00:35:05", "text": "have two ETFs that sound exactly the"}, {"start": "00:35:02", "end": "00:35:07", "text": "same. One ETF is supported by a really"}, {"start": "00:35:05", "end": "00:35:09", "text": "wide range of market makers. If we end"}, {"start": "00:35:07", "end": "00:35:11", "text": "up in an environment where there's"}, {"start": "00:35:09", "end": "00:35:13", "text": "liquidity challenges or markets are"}, {"start": "00:35:11", "end": "00:35:16", "text": "getting a bit shaky, I'm going to bet"}, {"start": "00:35:13", "end": "00:35:17", "text": "the ETF that has a more robust market"}, {"start": "00:35:16", "end": "00:35:19", "text": "making community around it and better"}, {"start": "00:35:17", "end": "00:35:21", "text": "relationships is probably going to have"}, {"start": "00:35:19", "end": "00:35:22", "text": "a better liquidity experience than one"}, {"start": "00:35:21", "end": "00:35:25", "text": "where that doesn't exist."}, {"start": "00:35:22", "end": "00:35:27", "text": ">> Yeah, it it's fascinating how um you all"}, {"start": "00:35:25", "end": "00:35:29", "text": "have been very disciplined as well to"}, {"start": "00:35:27", "end": "00:35:32", "text": "not go do certain things, right? You"}, {"start": "00:35:29", "end": "00:35:34", "text": "mentioned uh in the inind uh creation"}, {"start": "00:35:32", "end": "00:35:36", "text": "process, you all don't do it. a third"}, {"start": "00:35:34", "end": "00:35:38", "text": "party does it and then participates."}, {"start": "00:35:36", "end": "00:35:39", "text": "You're not a market maker. I think"}, {"start": "00:35:38", "end": "00:35:40", "text": "there's a lot of people who would say,"}, {"start": "00:35:39", "end": "00:35:41", "text": "well, if I got that big and I had that"}, {"start": "00:35:40", "end": "00:35:43", "text": "many assets, like it would make sense to"}, {"start": "00:35:41", "end": "00:35:46", "text": "eventually get into that game. And so,"}, {"start": "00:35:43", "end": "00:35:48", "text": "um, it the discipline almost feels like"}, {"start": "00:35:46", "end": "00:35:50", "text": "that is a core competency of the firm"}, {"start": "00:35:48", "end": "00:35:51", "text": "whether it is, you know, what businesses"}, {"start": "00:35:50", "end": "00:35:52", "text": "do we get into. But even in the fund"}, {"start": "00:35:51", "end": "00:35:55", "text": "launches, like you're not going to the"}, {"start": "00:35:52", "end": "00:35:58", "text": "3, fifth, 10th, 20th cryptocurrency."}, {"start": "00:35:55", "end": "00:36:00", "text": "You're kind of saying, look, 2/3 to 3/4"}, {"start": "00:35:58", "end": "00:36:02", "text": "of the industry is right here, and let's"}, {"start": "00:36:00", "end": "00:36:03", "text": "just be really good at doing this and"}, {"start": "00:36:02", "end": "00:36:04", "text": "solving the client's problems rather"}, {"start": "00:36:03", "end": "00:36:06", "text": "than trying to, you know, just show"}, {"start": "00:36:04", "end": "00:36:07", "text": "people how many tickers we can create or"}, {"start": "00:36:06", "end": "00:36:08", "text": "something like does that feel like"}, {"start": "00:36:07", "end": "00:36:10", "text": "something that comes up during the day"}, {"start": "00:36:08", "end": "00:36:12", "text": "in regular conversation?"}, {"start": "00:36:10", "end": "00:36:15", "text": ">> It does. Uh just to be clear, we still"}, {"start": "00:36:12", "end": "00:36:18", "text": "have over 480 ETFs in the US. So we we"}, {"start": "00:36:15", "end": "00:36:19", "text": "have a very wide uh library, you know,"}, {"start": "00:36:18", "end": "00:36:20", "text": "for all the books in your library here,"}, {"start": "00:36:19", "end": "00:36:23", "text": "we have an ETF,"}, {"start": "00:36:20", "end": "00:36:25", "text": ">> but we've also probably said no to just"}, {"start": "00:36:23", "end": "00:36:27", "text": "as many if not more concepts."}, {"start": "00:36:25", "end": "00:36:29", "text": ">> Uh and having that discipline around"}, {"start": "00:36:27", "end": "00:36:30", "text": "what is our framework for thinking about"}, {"start": "00:36:29", "end": "00:36:33", "text": "product innovation"}, {"start": "00:36:30", "end": "00:36:34", "text": ">> uh is a great northstar to make sure"}, {"start": "00:36:33", "end": "00:36:34", "text": "we're bringing out great products for"}, {"start": "00:36:34", "end": "00:36:36", "text": "investors."}, {"start": "00:36:34", "end": "00:36:37", "text": ">> As I've talked to people in the ETF"}, {"start": "00:36:36", "end": "00:36:39", "text": "industry, one thing that I'm always uh"}, {"start": "00:36:37", "end": "00:36:40", "text": "interested in, it's kind of like"}, {"start": "00:36:39", "end": "00:36:42", "text": "investing. Everyone thinks that buying"}, {"start": "00:36:40", "end": "00:36:43", "text": "the right investment is is the hard"}, {"start": "00:36:42", "end": "00:36:45", "text": "part. I'm now convinced selling and"}, {"start": "00:36:43", "end": "00:36:47", "text": "knowing when to sell, how to sell, you"}, {"start": "00:36:45", "end": "00:36:48", "text": "know, uh um all at once over time, you"}, {"start": "00:36:47", "end": "00:36:50", "text": "know, all of these components, like"}, {"start": "00:36:48", "end": "00:36:52", "text": "selling is actually way more difficult"}, {"start": "00:36:50", "end": "00:36:53", "text": "to me than buying."}, {"start": "00:36:52", "end": "00:36:54", "text": ">> Launching ETF seems like that. I mean,"}, {"start": "00:36:53", "end": "00:36:55", "text": "you could just lick your finger, stick"}, {"start": "00:36:54", "end": "00:36:57", "text": "it in the air at this point, and there's"}, {"start": "00:36:55", "end": "00:37:00", "text": "all these providers. People can do that"}, {"start": "00:36:57", "end": "00:37:02", "text": "stuff. When you shut one down or you"}, {"start": "00:37:00", "end": "00:37:04", "text": "realize it's not working, that feels"}, {"start": "00:37:02", "end": "00:37:07", "text": "like people all across the industry have"}, {"start": "00:37:04", "end": "00:37:10", "text": "different views. And um I have one"}, {"start": "00:37:07", "end": "00:37:13", "text": "friend, he had an ETF. uh it wasn't"}, {"start": "00:37:10", "end": "00:37:14", "text": "really going anywhere. Co happened and"}, {"start": "00:37:13", "end": "00:37:16", "text": "he happened to have the exact type of"}, {"start": "00:37:14", "end": "00:37:18", "text": "ETF that all a sudden everyone cared"}, {"start": "00:37:16", "end": "00:37:19", "text": "about and it was for airlines and it"}, {"start": "00:37:18", "end": "00:37:21", "text": "exploded and it was like oh he's a"}, {"start": "00:37:19", "end": "00:37:23", "text": "genius and I'm like I don't know man he"}, {"start": "00:37:21", "end": "00:37:24", "text": "kind of ate it for two years or three"}, {"start": "00:37:23", "end": "00:37:26", "text": "years or whatever, right? And he was"}, {"start": "00:37:24", "end": "00:37:28", "text": "losing money and and doing this and so"}, {"start": "00:37:26", "end": "00:37:30", "text": "he got rewarded for not shutting it"}, {"start": "00:37:28", "end": "00:37:31", "text": "down. Co never happens like he probably"}, {"start": "00:37:30", "end": "00:37:33", "text": "was not being smart and should have shut"}, {"start": "00:37:31", "end": "00:37:36", "text": "it down. So how do you guys think about"}, {"start": "00:37:33", "end": "00:37:38", "text": "you know you have 400 500 different ETFs"}, {"start": "00:37:36", "end": "00:37:39", "text": "I'm sure one time you launched one and"}, {"start": "00:37:38", "end": "00:37:40", "text": "you know you ended up shutting it down."}, {"start": "00:37:39", "end": "00:37:41", "text": "So like what does that framework look"}, {"start": "00:37:40", "end": "00:37:43", "text": "like?"}, {"start": "00:37:41", "end": "00:37:45", "text": ">> So a lot of it has to do again with"}, {"start": "00:37:43", "end": "00:37:47", "text": "client demand. If this is continuing to"}, {"start": "00:37:45", "end": "00:37:49", "text": "provide an important allocation or"}, {"start": "00:37:47", "end": "00:37:51", "text": "strategy to clients and they're looking"}, {"start": "00:37:49", "end": "00:37:53", "text": "for this type of exposure we have plenty"}, {"start": "00:37:51", "end": "00:37:54", "text": "of scale to support those products even"}, {"start": "00:37:53", "end": "00:37:56", "text": "if the market has to evolve a little bit"}, {"start": "00:37:54", "end": "00:37:58", "text": "to be uh to make that exposure or"}, {"start": "00:37:56", "end": "00:38:00", "text": "strategy really valuable. Sometimes that"}, {"start": "00:37:58", "end": "00:38:01", "text": "doesn't always work out. I think we have"}, {"start": "00:38:00", "end": "00:38:04", "text": "quite a high hit rate of bringing out"}, {"start": "00:38:01", "end": "00:38:06", "text": "products that that people love, but uh"}, {"start": "00:38:04", "end": "00:38:07", "text": "being patient I do think is important,"}, {"start": "00:38:06", "end": "00:38:09", "text": "especially if you're looking at the"}, {"start": "00:38:07", "end": "00:38:11", "text": "thematic investing space where these"}, {"start": "00:38:09", "end": "00:38:13", "text": "themes can just take quite a long time"}, {"start": "00:38:11", "end": "00:38:15", "text": "to to play out and and to be really"}, {"start": "00:38:13", "end": "00:38:16", "text": "valuable. I think to your point, I I"}, {"start": "00:38:15", "end": "00:38:19", "text": "really like your point though around it"}, {"start": "00:38:16", "end": "00:38:21", "text": "can be harder to sell than to buy. We"}, {"start": "00:38:19", "end": "00:38:24", "text": "hear this from clients all the time like"}, {"start": "00:38:21", "end": "00:38:25", "text": "it's easy to for for me to come to a"}, {"start": "00:38:24", "end": "00:38:27", "text": "client and say, \"Here's a really cool"}, {"start": "00:38:25", "end": "00:38:30", "text": "part of AI. What do I sell to fund that"}, {"start": "00:38:27", "end": "00:38:31", "text": "really interesting part of AI?\" And one"}, {"start": "00:38:30", "end": "00:38:33", "text": "of the ways that we've developed"}, {"start": "00:38:31", "end": "00:38:36", "text": "products around that type of discipline"}, {"start": "00:38:33", "end": "00:38:38", "text": "is to build out rotation strategies"}, {"start": "00:38:36", "end": "00:38:40", "text": "which are run by our systematic"}, {"start": "00:38:38", "end": "00:38:41", "text": "investing team which is ingesting"}, {"start": "00:38:40", "end": "00:38:43", "text": "hundreds of different data points and"}, {"start": "00:38:41", "end": "00:38:45", "text": "signals around the world constantly to"}, {"start": "00:38:43", "end": "00:38:47", "text": "basically understand what are the buy"}, {"start": "00:38:45", "end": "00:38:49", "text": "and sell signals on behalf of clients."}, {"start": "00:38:47", "end": "00:38:50", "text": "Uh and there's two benefits to this. One"}, {"start": "00:38:49", "end": "00:38:53", "text": "is if you were trying to pick these"}, {"start": "00:38:50", "end": "00:38:55", "text": "themes yourself, uh you have to get the"}, {"start": "00:38:53", "end": "00:38:57", "text": "timing right. So, if you were thinking"}, {"start": "00:38:55", "end": "00:38:59", "text": "sell tech by AI, you you'd ideally want"}, {"start": "00:38:57", "end": "00:39:02", "text": "to time that trade appropriately. But"}, {"start": "00:38:59", "end": "00:39:05", "text": "then two, even if you get that right,"}, {"start": "00:39:02", "end": "00:39:06", "text": "you might still have a tax uh uh uh uh"}, {"start": "00:39:05", "end": "00:39:07", "text": "liability at the end of that because"}, {"start": "00:39:06", "end": "00:39:09", "text": "you've sold something at a gain and"}, {"start": "00:39:07", "end": "00:39:12", "text": "you're buying something else. By"}, {"start": "00:39:09", "end": "00:39:14", "text": "wrapping a rotation strategy in an ETF,"}, {"start": "00:39:12", "end": "00:39:16", "text": "it's timing those trades for you. And"}, {"start": "00:39:14", "end": "00:39:18", "text": "we're able to use the ETF structure to"}, {"start": "00:39:16", "end": "00:39:20", "text": "um effectively defer those capital gains"}, {"start": "00:39:18", "end": "00:39:23", "text": "until someone uh decides to sell that"}, {"start": "00:39:20", "end": "00:39:26", "text": "ETF. And so this has become a really"}, {"start": "00:39:23", "end": "00:39:30", "text": "important part of of our um active ETF"}, {"start": "00:39:26", "end": "00:39:33", "text": "strategy is taking things like themes,"}, {"start": "00:39:30", "end": "00:39:35", "text": "like factors, countries where people"}, {"start": "00:39:33", "end": "00:39:36", "text": "like to be tactical but struggle with"}, {"start": "00:39:35", "end": "00:39:38", "text": "timing and and can struggle with some of"}, {"start": "00:39:36", "end": "00:39:39", "text": "the the tax implications of trading"}, {"start": "00:39:38", "end": "00:39:40", "text": "those very quickly."}, {"start": "00:39:39", "end": "00:39:42", "text": ">> Yeah, it's it's fascinating because um"}, {"start": "00:39:40", "end": "00:39:44", "text": "there's also been a rise of uh what is"}, {"start": "00:39:42", "end": "00:39:46", "text": "it 351 exchanges or something, right?"}, {"start": "00:39:44", "end": "00:39:49", "text": "where basically you you can use the ETF"}, {"start": "00:39:46", "end": "00:39:51", "text": "wrapper as a tax, you know, mitigation"}, {"start": "00:39:49", "end": "00:39:54", "text": "strategy or a tax deferment strategy."}, {"start": "00:39:51", "end": "00:39:57", "text": "And to me, you know, something has"}, {"start": "00:39:54", "end": "00:39:59", "text": "become uh successful as an industry once"}, {"start": "00:39:57", "end": "00:40:01", "text": "you start getting to the tax stuff."}, {"start": "00:39:59", "end": "00:40:03", "text": "2012, no one is talking about Bitcoin"}, {"start": "00:40:01", "end": "00:40:04", "text": "and taxes. 2021, there's a lot of people"}, {"start": "00:40:03", "end": "00:40:06", "text": "talking about Bitcoin and taxes, right?"}, {"start": "00:40:04", "end": "00:40:07", "text": "And just like, hey, what do I do? What"}, {"start": "00:40:06", "end": "00:40:10", "text": "is the tax implications? All this kind"}, {"start": "00:40:07", "end": "00:40:13", "text": "of stuff. ETFs. Now, I actually do hear"}, {"start": "00:40:10", "end": "00:40:14", "text": "quite a bit of tax whether it is I've"}, {"start": "00:40:13", "end": "00:40:16", "text": "seen individuals who have a portfolio"}, {"start": "00:40:14", "end": "00:40:18", "text": "say should I just like set up an ETF and"}, {"start": "00:40:16", "end": "00:40:19", "text": "put on my own stocks in there. I don't"}, {"start": "00:40:18", "end": "00:40:20", "text": "know if people have been super"}, {"start": "00:40:19", "end": "00:40:23", "text": "successful doing that, but like that's"}, {"start": "00:40:20", "end": "00:40:24", "text": "been something 351s this rotation"}, {"start": "00:40:23", "end": "00:40:26", "text": "strategy"}, {"start": "00:40:24", "end": "00:40:28", "text": "that to me tells me you have a mature"}, {"start": "00:40:26", "end": "00:40:29", "text": "market that now is like ready for the"}, {"start": "00:40:28", "end": "00:40:31", "text": "big time and and is going to continue to"}, {"start": "00:40:29", "end": "00:40:33", "text": "grow at a pretty healthy clip. Right."}, {"start": "00:40:31", "end": "00:40:35", "text": ">> Well, I I think tax efficiency has"}, {"start": "00:40:33", "end": "00:40:38", "text": "always been core to ETFs. Um, it started"}, {"start": "00:40:35", "end": "00:40:40", "text": "with early ETFs just were index based"}, {"start": "00:40:38", "end": "00:40:42", "text": "and didn't have a ton of turnover. It"}, {"start": "00:40:40", "end": "00:40:44", "text": "evolved into the ETF structure itself"}, {"start": "00:40:42", "end": "00:40:46", "text": "and how it can use called custom inkind"}, {"start": "00:40:44", "end": "00:40:48", "text": "baskets but effectively um defer some of"}, {"start": "00:40:46", "end": "00:40:52", "text": "the capital gains especially in the US"}, {"start": "00:40:48", "end": "00:40:56", "text": "equity markets. Um, but it's not uh it's"}, {"start": "00:40:52", "end": "00:40:59", "text": "it's not um some universal uh uh uh"}, {"start": "00:40:56", "end": "00:41:01", "text": "constant that ETFs have to be the most"}, {"start": "00:40:59", "end": "00:41:02", "text": "tax efficient vehicle. There are other"}, {"start": "00:41:01", "end": "00:41:05", "text": "ways that people are looking to mitigate"}, {"start": "00:41:02", "end": "00:41:06", "text": "taxes. There's different strategies. I"}, {"start": "00:41:05", "end": "00:41:08", "text": "won't get too far into that, but I think"}, {"start": "00:41:06", "end": "00:41:11", "text": "what's important is as you see more ETFs"}, {"start": "00:41:08", "end": "00:41:13", "text": "coming to market, it's not as simple as"}, {"start": "00:41:11", "end": "00:41:16", "text": "saying ETFs are the most tax efficient"}, {"start": "00:41:13", "end": "00:41:17", "text": "vehicle. For example, um certain"}, {"start": "00:41:16", "end": "00:41:20", "text": "strategies using certain different"}, {"start": "00:41:17", "end": "00:41:21", "text": "underlying financial instruments might"}, {"start": "00:41:20", "end": "00:41:23", "text": "not have the same tax efficiency. If"}, {"start": "00:41:21", "end": "00:41:24", "text": "you're buying options or futures, it's"}, {"start": "00:41:23", "end": "00:41:26", "text": "going to look very different from buying"}, {"start": "00:41:24", "end": "00:41:27", "text": "stocks. If you're buying bonds instead"}, {"start": "00:41:26", "end": "00:41:28", "text": "of equities, it's going to be very"}, {"start": "00:41:27", "end": "00:41:31", "text": "different in terms of how you see the"}, {"start": "00:41:28", "end": "00:41:32", "text": "implications of a coupon payment versus"}, {"start": "00:41:31", "end": "00:41:35", "text": "a dividend payment. So I think for"}, {"start": "00:41:32", "end": "00:41:37", "text": "investors it's again a do your homework"}, {"start": "00:41:35", "end": "00:41:39", "text": "situation of ETFs can be more tax"}, {"start": "00:41:37", "end": "00:41:40", "text": "efficient but as we see the ETF vehicle"}, {"start": "00:41:39", "end": "00:41:42", "text": "being pushed into more and more"}, {"start": "00:41:40", "end": "00:41:46", "text": "strategies there's more homework to be"}, {"start": "00:41:42", "end": "00:41:49", "text": "done when you look over the next 12"}, {"start": "00:41:46", "end": "00:41:50", "text": "months 24 months um there's a lot of"}, {"start": "00:41:49", "end": "00:41:53", "text": "questions around interest rates around"}, {"start": "00:41:50", "end": "00:41:55", "text": "inflation around the election around"}, {"start": "00:41:53", "end": "00:41:58", "text": "geopolitics uh around technology and"}, {"start": "00:41:55", "end": "00:42:00", "text": "what is real what is not what is hype"}, {"start": "00:41:58", "end": "00:42:02", "text": "how do you personally think about the"}, {"start": "00:42:00", "end": "00:42:06", "text": "market and how much of that stuff is"}, {"start": "00:42:02", "end": "00:42:08", "text": "noise versus just like wooai, you know,"}, {"start": "00:42:06", "end": "00:42:10", "text": "and like let it all happen, but here's"}, {"start": "00:42:08", "end": "00:42:11", "text": "kind of the ability to navigate this"}, {"start": "00:42:10", "end": "00:42:14", "text": "with a long-term mindset."}, {"start": "00:42:11", "end": "00:42:16", "text": ">> So, I've always thought about it as um"}, {"start": "00:42:14", "end": "00:42:18", "text": "you know, one really important to build"}, {"start": "00:42:16", "end": "00:42:19", "text": "a portfolio anchored on the core. The"}, {"start": "00:42:18", "end": "00:42:21", "text": "core should be based off of what are"}, {"start": "00:42:19", "end": "00:42:22", "text": "your long-term goals in your"}, {"start": "00:42:21", "end": "00:42:25", "text": "investments. If you're saving for"}, {"start": "00:42:22", "end": "00:42:27", "text": "retirement, having low cost, tax"}, {"start": "00:42:25", "end": "00:42:29", "text": "efficient, liquid vehicles to be able to"}, {"start": "00:42:27", "end": "00:42:31", "text": "achieve that is a great place to start"}, {"start": "00:42:29", "end": "00:42:32", "text": "your portfolio. I for one have just long"}, {"start": "00:42:31", "end": "00:42:34", "text": "been someone who's thought about"}, {"start": "00:42:32", "end": "00:42:35", "text": "long-term structural shifts and I think"}, {"start": "00:42:34", "end": "00:42:37", "text": "there's plenty of opportunity if you can"}, {"start": "00:42:35", "end": "00:42:39", "text": "capture those shifts the right way. So"}, {"start": "00:42:37", "end": "00:42:40", "text": "when we think about AI, when we think"}, {"start": "00:42:39", "end": "00:42:42", "text": "about geopolitics,"}, {"start": "00:42:40", "end": "00:42:45", "text": "I tend to look at kind of what what is"}, {"start": "00:42:42", "end": "00:42:47", "text": "the what is the major inflection point"}, {"start": "00:42:45", "end": "00:42:49", "text": "that we're seeing. It's not about the"}, {"start": "00:42:47", "end": "00:42:51", "text": "news on a day-to-day basis. It's not"}, {"start": "00:42:49", "end": "00:42:53", "text": "about some rumor or some company with"}, {"start": "00:42:51", "end": "00:42:56", "text": "necessarily just kind of a new product"}, {"start": "00:42:53", "end": "00:42:57", "text": "upgrade. What's changed? And when we"}, {"start": "00:42:56", "end": "00:42:59", "text": "look at artificial intelligence, I mean"}, {"start": "00:42:57", "end": "00:43:02", "text": "clear inflection point chat GBT in"}, {"start": "00:42:59", "end": "00:43:05", "text": "November 2022, right? What changed in"}, {"start": "00:43:02", "end": "00:43:07", "text": "many ways that version of of GPT was was"}, {"start": "00:43:05", "end": "00:43:09", "text": "not that new or interesting. It was a"}, {"start": "00:43:07", "end": "00:43:10", "text": "couple years old already, but they"}, {"start": "00:43:09", "end": "00:43:12", "text": "introduced a chat box which meant that"}, {"start": "00:43:10", "end": "00:43:14", "text": "so many more people to could participate"}, {"start": "00:43:12", "end": "00:43:16", "text": "in it and it became the fastest growing"}, {"start": "00:43:14", "end": "00:43:20", "text": "online platform of all time. That's"}, {"start": "00:43:16", "end": "00:43:22", "text": "obviously an inflection point. Um if"}, {"start": "00:43:20", "end": "00:43:23", "text": "there is some new regulation that"}, {"start": "00:43:22", "end": "00:43:24", "text": "passes, that can be a major inflection"}, {"start": "00:43:23", "end": "00:43:27", "text": "point. you know, we saw the huge"}, {"start": "00:43:24", "end": "00:43:30", "text": "infrastructure bill, what was it, 2017,"}, {"start": "00:43:27", "end": "00:43:31", "text": "I want to say. Um, huge inflection point"}, {"start": "00:43:30", "end": "00:43:34", "text": "for the buildout of infrastructure in"}, {"start": "00:43:31", "end": "00:43:36", "text": "the United States. Um, so it can it can"}, {"start": "00:43:34", "end": "00:43:38", "text": "come from a variety of different"}, {"start": "00:43:36", "end": "00:43:40", "text": "sources, but when you see that major"}, {"start": "00:43:38", "end": "00:43:42", "text": "tech breakthrough, that major new change"}, {"start": "00:43:40", "end": "00:43:44", "text": "in regulation, major societal change,"}, {"start": "00:43:42", "end": "00:43:46", "text": "that's what we want to anchor our"}, {"start": "00:43:44", "end": "00:43:49", "text": "insights on to think about kind of"}, {"start": "00:43:46", "end": "00:43:50", "text": "adding themes to a portfolio."}, {"start": "00:43:49", "end": "00:43:54", "text": "the"}, {"start": "00:43:50", "end": "00:43:56", "text": "I think the story in finance has really"}, {"start": "00:43:54", "end": "00:43:58", "text": "shifted now to"}, {"start": "00:43:56", "end": "00:44:00", "text": "sovereignty"}, {"start": "00:43:58", "end": "00:44:02", "text": "decentralization of now there's so many"}, {"start": "00:44:00", "end": "00:44:04", "text": "firms it's pushing towards these"}, {"start": "00:44:02", "end": "00:44:06", "text": "independent investors it really does"}, {"start": "00:44:04", "end": "00:44:08", "text": "feel like AI and Bitcoin like the ethos"}, {"start": "00:44:06", "end": "00:44:10", "text": "is more generational than just the"}, {"start": "00:44:08", "end": "00:44:11", "text": "technologies right I I think you and I"}, {"start": "00:44:10", "end": "00:44:13", "text": "probably we think differently than maybe"}, {"start": "00:44:11", "end": "00:44:16", "text": "you know our parents or our grandparents"}, {"start": "00:44:13", "end": "00:44:17", "text": "do about investing um and I always"}, {"start": "00:44:16", "end": "00:44:19", "text": "wonder like chicken or egg like do we"}, {"start": "00:44:17", "end": "00:44:21", "text": "think differently ly because the"}, {"start": "00:44:19", "end": "00:44:23", "text": "industry was changing or because there's"}, {"start": "00:44:21", "end": "00:44:26", "text": "a bunch of people who are you know I"}, {"start": "00:44:23", "end": "00:44:27", "text": "don't know 20 to 50 years old they think"}, {"start": "00:44:26", "end": "00:44:29", "text": "differently so the market starts to"}, {"start": "00:44:27", "end": "00:44:31", "text": "shift and I I don't know the answer"}, {"start": "00:44:29", "end": "00:44:34", "text": "right but it's fascinating to me as this"}, {"start": "00:44:31", "end": "00:44:36", "text": "changes you get the Robin Hoods and the"}, {"start": "00:44:34", "end": "00:44:39", "text": "fintexs and all that but I'll give you a"}, {"start": "00:44:36", "end": "00:44:41", "text": "concrete example um on Sylvia the uh the"}, {"start": "00:44:39", "end": "00:44:44", "text": "consumer platform that we have uh when"}, {"start": "00:44:41", "end": "00:44:46", "text": "you look at the asset breakdown um you"}, {"start": "00:44:44", "end": "00:44:48", "text": "still have some timeless things there's"}, {"start": "00:44:46", "end": "00:44:50", "text": "I don't know 20ish% or of assets,"}, {"start": "00:44:48", "end": "00:44:50", "text": "primary residence or real estate."}, {"start": "00:44:50", "end": "00:44:52", "text": ">> Mhm."}, {"start": "00:44:50", "end": "00:44:53", "text": ">> Makes sense, right? When you think of"}, {"start": "00:44:52", "end": "00:44:55", "text": "like, oh, people are using a fintech"}, {"start": "00:44:53", "end": "00:44:56", "text": "product, you're like, everyone is"}, {"start": "00:44:55", "end": "00:44:57", "text": "obviously, you know, uh, in the latest"}, {"start": "00:44:56", "end": "00:44:59", "text": "meme stock, like that's what I'm"}, {"start": "00:44:57", "end": "00:45:01", "text": "hearing, you know, the headlines. No,"}, {"start": "00:44:59", "end": "00:45:04", "text": "man. They still own a real they still"}, {"start": "00:45:01", "end": "00:45:05", "text": "own real estate. Only 10% is crypto."}, {"start": "00:45:04", "end": "00:45:07", "text": ">> So, you would think that, you know,"}, {"start": "00:45:05", "end": "00:45:09", "text": "people coming from my audience are like,"}, {"start": "00:45:07", "end": "00:45:11", "text": "\"Oh, they must be 90% crypto.\" 10 is a"}, {"start": "00:45:09", "end": "00:45:12", "text": "higher number than I think the the"}, {"start": "00:45:11", "end": "00:45:14", "text": "average American, but it's still like a"}, {"start": "00:45:12", "end": "00:45:16", "text": "relatively low number. You look at"}, {"start": "00:45:14", "end": "00:45:18", "text": "public equities, that is the bulk of"}, {"start": "00:45:16", "end": "00:45:19", "text": "their investment portfolio. And so it"}, {"start": "00:45:18", "end": "00:45:20", "text": "always is fascinating to me is like when"}, {"start": "00:45:19", "end": "00:45:21", "text": "you look at the data versus the"}, {"start": "00:45:20", "end": "00:45:23", "text": "narratives,"}, {"start": "00:45:21", "end": "00:45:25", "text": ">> we know things are changing,"}, {"start": "00:45:23", "end": "00:45:26", "text": ">> but how much do they really you know"}, {"start": "00:45:25", "end": "00:45:28", "text": "people still are going to allocate in a"}, {"start": "00:45:26", "end": "00:45:30", "text": "certain way and I think that's why maybe"}, {"start": "00:45:28", "end": "00:45:32", "text": "you guys are so interesting as a"}, {"start": "00:45:30", "end": "00:45:34", "text": "business is"}, {"start": "00:45:32", "end": "00:45:35", "text": ">> you are leading with Bitcoin, you are"}, {"start": "00:45:34", "end": "00:45:37", "text": "leading in AI, you are leading in many"}, {"start": "00:45:35", "end": "00:45:39", "text": "of these areas and you're like embracing"}, {"start": "00:45:37", "end": "00:45:41", "text": "the new stuff, but if you go and you"}, {"start": "00:45:39", "end": "00:45:43", "text": "look at the assets, you still got a lot"}, {"start": "00:45:41", "end": "00:45:45", "text": "core and you know the these like normal"}, {"start": "00:45:43", "end": "00:45:46", "text": "um assets that maybe the uh the early"}, {"start": "00:45:45", "end": "00:45:48", "text": "adopters, you know, that's where the"}, {"start": "00:45:46", "end": "00:45:50", "text": "bulk of their capital is"}, {"start": "00:45:48", "end": "00:45:51", "text": ">> absolutely um you know I think going"}, {"start": "00:45:50", "end": "00:45:53", "text": "back to the generational comment you"}, {"start": "00:45:51", "end": "00:45:56", "text": "know millennials were the first real"}, {"start": "00:45:53", "end": "00:45:58", "text": "kind of techn native generation uh but"}, {"start": "00:45:56", "end": "00:46:00", "text": "social media wasn't necessarily native"}, {"start": "00:45:58", "end": "00:46:02", "text": "to all millennials uh for many of us"}, {"start": "00:46:00", "end": "00:46:02", "text": ">> when did you get a cell phone"}, {"start": "00:46:02", "end": "00:46:04", "text": ">> high school"}, {"start": "00:46:02", "end": "00:46:06", "text": ">> I got in in high school and it was a"}, {"start": "00:46:04", "end": "00:46:07", "text": "flip phone and I remember still like"}, {"start": "00:46:06", "end": "00:46:10", "text": "punching the number four times to get"}, {"start": "00:46:07", "end": "00:46:12", "text": "like seven to be a P or whatever it was"}, {"start": "00:46:10", "end": "00:46:15", "text": "right like um so"}, {"start": "00:46:12", "end": "00:46:15", "text": ">> boomer"}, {"start": "00:46:16", "end": "00:46:19", "text": "thumbs They're still sore. Um"}, {"start": "00:46:17", "end": "00:46:20", "text": ">> I, by the way, I told somebody in our"}, {"start": "00:46:19", "end": "00:46:22", "text": "office recently, I was like, \"Yeah, you"}, {"start": "00:46:20", "end": "00:46:24", "text": "know, we had a T9 texting phone.\" And"}, {"start": "00:46:22", "end": "00:46:25", "text": "they were like, \"What's T9?\" I like, \"Oh"}, {"start": "00:46:24", "end": "00:46:26", "text": "my god, like we're getting old.\" You"}, {"start": "00:46:25", "end": "00:46:28", "text": "know,"}, {"start": "00:46:26", "end": "00:46:30", "text": ">> I I had the flip. I had the slider. I"}, {"start": "00:46:28", "end": "00:46:32", "text": "had the one that had the keyboard. It"}, {"start": "00:46:30", "end": "00:46:33", "text": "like flipped that way. Like it used to"}, {"start": "00:46:32", "end": "00:46:34", "text": "every generation looked completely"}, {"start": "00:46:33", "end": "00:46:35", "text": "different."}, {"start": "00:46:34", "end": "00:46:37", "text": ">> Sidekick, you know, flip or whatever."}, {"start": "00:46:35", "end": "00:46:38", "text": "You turn it and it would like have a"}, {"start": "00:46:37", "end": "00:46:40", "text": "keyboard. You could use two thumbs,"}, {"start": "00:46:38", "end": "00:46:41", "text": "right? Yeah. You were like, \"I'm"}, {"start": "00:46:40", "end": "00:46:43", "text": "moving.\""}, {"start": "00:46:41", "end": "00:46:45", "text": ">> Uh and then it was And then having a a"}, {"start": "00:46:43", "end": "00:46:47", "text": "track ball on the Blackberry like Yeah."}, {"start": "00:46:45", "end": "00:46:49", "text": "huge range. But um it was it was still"}, {"start": "00:46:47", "end": "00:46:52", "text": "preocial media and basically because it"}, {"start": "00:46:49", "end": "00:46:54", "text": "was pre 4G connectivity where it was"}, {"start": "00:46:52", "end": "00:46:56", "text": "really hard to watch a video or send a"}, {"start": "00:46:54", "end": "00:46:58", "text": "photo on these early cell phones. The"}, {"start": "00:46:56", "end": "00:47:00", "text": "Gen Z generation like born in social"}, {"start": "00:46:58", "end": "00:47:02", "text": "media like don't know another life. And"}, {"start": "00:47:00", "end": "00:47:03", "text": "I think you look at like Gen Alpha and a"}, {"start": "00:47:02", "end": "00:47:05", "text": "lot of how they're going to experience"}, {"start": "00:47:03", "end": "00:47:06", "text": "the financial world is going to look"}, {"start": "00:47:05", "end": "00:47:08", "text": "very different from how their parents"}, {"start": "00:47:06", "end": "00:47:11", "text": "and their parents' parents interacted"}, {"start": "00:47:08", "end": "00:47:12", "text": "with it. So I do think uh"}, {"start": "00:47:11", "end": "00:47:14", "text": ">> uh it's it's important to understand"}, {"start": "00:47:12", "end": "00:47:17", "text": "these differences. It's also important"}, {"start": "00:47:14", "end": "00:47:20", "text": "for when we think about our business, a"}, {"start": "00:47:17", "end": "00:47:22", "text": "lot of it is uh is um is bringing our"}, {"start": "00:47:20", "end": "00:47:24", "text": "ETFs to financial advisors who are"}, {"start": "00:47:22", "end": "00:47:26", "text": "serving those generations and they have"}, {"start": "00:47:24", "end": "00:47:27", "text": "to talk to the parent and the child in a"}, {"start": "00:47:26", "end": "00:47:29", "text": "lot of those relationships. And so the"}, {"start": "00:47:27", "end": "00:47:31", "text": "parents saying, you know, talk to me"}, {"start": "00:47:29", "end": "00:47:32", "text": "about your large cap growth fund and the"}, {"start": "00:47:31", "end": "00:47:34", "text": "kid is saying, tell me about your"}, {"start": "00:47:32", "end": "00:47:36", "text": "Bitcoin fund. And so often times a lot"}, {"start": "00:47:34", "end": "00:47:38", "text": "of the education we do is helping"}, {"start": "00:47:36", "end": "00:47:40", "text": "advisers communicate to both generations"}, {"start": "00:47:38", "end": "00:47:41", "text": "especially amid this tremendous amount"}, {"start": "00:47:40", "end": "00:47:42", "text": "of transfer of wealth that's going to"}, {"start": "00:47:41", "end": "00:47:43", "text": "happen from the boomer to the millennial"}, {"start": "00:47:42", "end": "00:47:45", "text": "generation."}, {"start": "00:47:43", "end": "00:47:47", "text": ">> So one of the one of the reasons why I"}, {"start": "00:47:45", "end": "00:47:49", "text": "think IBIT has been so successful is"}, {"start": "00:47:47", "end": "00:47:51", "text": "advisers have recognized the types of"}, {"start": "00:47:49", "end": "00:47:53", "text": "products that they spoke about with"}, {"start": "00:47:51", "end": "00:47:55", "text": "their with their baby boomer generation"}, {"start": "00:47:53", "end": "00:47:56", "text": "clients does not necessarily resemble"}, {"start": "00:47:55", "end": "00:47:58", "text": "the types of products they'll talk about"}, {"start": "00:47:56", "end": "00:48:00", "text": "with their millennial clients and they"}, {"start": "00:47:58", "end": "00:48:02", "text": "need to bridge that gap and be at least"}, {"start": "00:48:00", "end": "00:48:03", "text": "conversant in some of these topics."}, {"start": "00:48:02", "end": "00:48:06", "text": ">> Mhm. I mean, it makes sense, right? And"}, {"start": "00:48:03", "end": "00:48:07", "text": "and um I don't know. I I hear all the"}, {"start": "00:48:06", "end": "00:48:09", "text": "time like the I think they call it the"}, {"start": "00:48:07", "end": "00:48:10", "text": "silver tsunami of like all these assets"}, {"start": "00:48:09", "end": "00:48:12", "text": "are going to come and the young people"}, {"start": "00:48:10", "end": "00:48:14", "text": "are going to like sell whatever and"}, {"start": "00:48:12", "end": "00:48:15", "text": "they're going to move it into the things"}, {"start": "00:48:14", "end": "00:48:17", "text": "they like. And I think there will be"}, {"start": "00:48:15", "end": "00:48:18", "text": "some of that. I think that there's a lot"}, {"start": "00:48:17", "end": "00:48:21", "text": "of businesses that are kind of what is"}, {"start": "00:48:18", "end": "00:48:23", "text": "our, you know, uh um our plan, our"}, {"start": "00:48:21", "end": "00:48:25", "text": "transition plan. Um farmers are coming"}, {"start": "00:48:23", "end": "00:48:27", "text": "under a lot of pressure because usually"}, {"start": "00:48:25", "end": "00:48:29", "text": "they're a fourth or fifth generation"}, {"start": "00:48:27", "end": "00:48:30", "text": "farmer and they would hand the farm to"}, {"start": "00:48:29", "end": "00:48:32", "text": "their kids and their kids don't want to"}, {"start": "00:48:30", "end": "00:48:33", "text": "be a farmer. And so, you know, that's"}, {"start": "00:48:32", "end": "00:48:36", "text": "happening, I think, with like"}, {"start": "00:48:33", "end": "00:48:38", "text": "businesses. It's gonna be fascinating to"}, {"start": "00:48:36", "end": "00:48:40", "text": "watch the assets. Like, if you're a a"}, {"start": "00:48:38", "end": "00:48:41", "text": "kid who you don't inherit, you know,"}, {"start": "00:48:40", "end": "00:48:43", "text": "some an incredible amount of money."}, {"start": "00:48:41", "end": "00:48:46", "text": "Maybe your parents just had a small"}, {"start": "00:48:43", "end": "00:48:47", "text": "stock portfolio. Like, do you go and"}, {"start": "00:48:46", "end": "00:48:49", "text": "sell those stocks to buy something else"}, {"start": "00:48:47", "end": "00:48:52", "text": "you like? And maybe your parents had"}, {"start": "00:48:49", "end": "00:48:53", "text": "Coca-Cola and, you know, Walmart and"}, {"start": "00:48:52", "end": "00:48:54", "text": "you're like, well, I want to own, you"}, {"start": "00:48:53", "end": "00:48:57", "text": "know, Palunteer and Tesla or something."}, {"start": "00:48:54", "end": "00:48:58", "text": "I I don't know. Um but I think that's"}, {"start": "00:48:57", "end": "00:49:01", "text": "probably the challenge for a lot of"}, {"start": "00:48:58", "end": "00:49:03", "text": "these financial adviserss is like they"}, {"start": "00:49:01", "end": "00:49:04", "text": "may be the only constant in that you"}, {"start": "00:49:03", "end": "00:49:05", "text": "know conversation and try to figure out"}, {"start": "00:49:04", "end": "00:49:07", "text": "what to do with the assets."}, {"start": "00:49:05", "end": "00:49:08", "text": ">> Yeah. They they have to manage that"}, {"start": "00:49:07", "end": "00:49:11", "text": "transition. They have to manage the fact"}, {"start": "00:49:08", "end": "00:49:13", "text": "that many ways that millennials or Gen Z"}, {"start": "00:49:11", "end": "00:49:15", "text": "want to interact with their uh finances"}, {"start": "00:49:13", "end": "00:49:16", "text": "is going to be you know in a more kind"}, {"start": "00:49:15", "end": "00:49:19", "text": "of technologydriven way as well. So"}, {"start": "00:49:16", "end": "00:49:21", "text": "building tools for advisers uh it's it's"}, {"start": "00:49:19", "end": "00:49:22", "text": "an important shift for sure. Um I do"}, {"start": "00:49:21", "end": "00:49:25", "text": "think the fundamental principles of"}, {"start": "00:49:22", "end": "00:49:26", "text": "building a portfolio uh aren't"}, {"start": "00:49:25", "end": "00:49:28", "text": "generational. These are these go back to"}, {"start": "00:49:26", "end": "00:49:30", "text": "just basics of risk and return. The"}, {"start": "00:49:28", "end": "00:49:31", "text": "instruments available are shifting. The"}, {"start": "00:49:30", "end": "00:49:32", "text": "you know the the structure of those"}, {"start": "00:49:31", "end": "00:49:34", "text": "instruments, the different types of"}, {"start": "00:49:32", "end": "00:49:36", "text": "asset classes, those are evolving. But"}, {"start": "00:49:34", "end": "00:49:37", "text": "the fundamental principles of portfolio"}, {"start": "00:49:36", "end": "00:49:39", "text": "management don't change. And so I think"}, {"start": "00:49:37", "end": "00:49:42", "text": "the important thing for advisers is you"}, {"start": "00:49:39", "end": "00:49:44", "text": "know stay clear with how you manage"}, {"start": "00:49:42", "end": "00:49:47", "text": "money but be able to have the"}, {"start": "00:49:44", "end": "00:49:49", "text": "conversations uh with each generation"}, {"start": "00:49:47", "end": "00:49:51", "text": "mostly from a behavioral perspective to"}, {"start": "00:49:49", "end": "00:49:53", "text": "keep them focused on their end goals."}, {"start": "00:49:51", "end": "00:49:55", "text": ">> Now I said all that and the uh the"}, {"start": "00:49:53", "end": "00:49:57", "text": "Sylvia misfits that are like over the"}, {"start": "00:49:55", "end": "00:49:58", "text": "age of 50 there's a couple of them that"}, {"start": "00:49:57", "end": "00:50:00", "text": "uh they'll comment and they'll say I own"}, {"start": "00:49:58", "end": "00:50:02", "text": "Palunteer, I own Tesla, I own whatever"}, {"start": "00:50:00", "end": "00:50:04", "text": "and they'll they'll say you know I'm not"}, {"start": "00:50:02", "end": "00:50:06", "text": "like the rest of uh of the of my cohort."}, {"start": "00:50:04", "end": "00:50:08", "text": "Um, so there there's obviously a lot of"}, {"start": "00:50:06", "end": "00:50:09", "text": "uh uh unique ones as well. Um, where can"}, {"start": "00:50:08", "end": "00:50:10", "text": "we send people to find uh find more"}, {"start": "00:50:09", "end": "00:50:12", "text": "about the uh the funds that you guys"}, {"start": "00:50:10", "end": "00:50:14", "text": "have or find you online?"}, {"start": "00:50:12", "end": "00:50:16", "text": ">> Easy. Isshares.com specifically?"}, {"start": "00:50:14", "end": "00:50:17", "text": "Isares.com/insights"}, {"start": "00:50:16", "end": "00:50:19", "text": "is where we have our thematic midyear"}, {"start": "00:50:17", "end": "00:50:21", "text": "update. That's where we have basically"}, {"start": "00:50:19", "end": "00:50:23", "text": "10 really interesting slides on what the"}, {"start": "00:50:21", "end": "00:50:25", "text": "next phase of artificial intelligence is"}, {"start": "00:50:23", "end": "00:50:26", "text": "going to look like, what some of those"}, {"start": "00:50:25", "end": "00:50:28", "text": "choke points might be, where we see some"}, {"start": "00:50:26", "end": "00:50:30", "text": "opportunity in various different sectors"}, {"start": "00:50:28", "end": "00:50:33", "text": "that live outside of technology. So"}, {"start": "00:50:30", "end": "00:50:34", "text": "encourage people to go there."}, {"start": "00:50:33", "end": "00:50:36", "text": ">> Amazing. Well, thank you so much for"}, {"start": "00:50:34", "end": "00:50:37", "text": "doing this. I always enjoy talking with"}, {"start": "00:50:36", "end": "00:50:39", "text": "you and look forward to doing it again"}, {"start": "00:50:37", "end": "00:50:39", "text": "in the future."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "I think we are like laser focused right"}, {"start": "00:00:02", "end": "00:00:05", "text": "now at the frontier. We're seeing all"}, {"start": "00:00:03", "end": "00:00:06", "text": "these early signs of recursive"}, {"start": "00:00:05", "end": "00:00:07", "text": "self-improvement. I think the other labs"}, {"start": "00:00:06", "end": "00:00:10", "text": "are seeing this as well. And so I think"}, {"start": "00:00:07", "end": "00:00:11", "text": "it's like underscoring the value of like"}, {"start": "00:00:10", "end": "00:00:13", "text": "today's conversation is with Logan"}, {"start": "00:00:11", "end": "00:00:15", "text": "Kilpatrick. He's a member of the"}, {"start": "00:00:13", "end": "00:00:16", "text": "technical staff at Google DeepMine. In"}, {"start": "00:00:15", "end": "00:00:18", "text": "this conversation, we talk about the AI"}, {"start": "00:00:16", "end": "00:00:20", "text": "industry, the model lab wars, what's"}, {"start": "00:00:18", "end": "00:00:22", "text": "going on at Google. Are they actually"}, {"start": "00:00:20", "end": "00:00:24", "text": "committed to the frontier? How are they"}, {"start": "00:00:22", "end": "00:00:26", "text": "investing capital internally? What are"}, {"start": "00:00:24", "end": "00:00:28", "text": "the specific products and the decision-m"}, {"start": "00:00:26", "end": "00:00:30", "text": "that's going on inside of Google"}, {"start": "00:00:28", "end": "00:00:32", "text": "DeepMind? How are the AI efforts at some"}, {"start": "00:00:30", "end": "00:00:33", "text": "of the other labs actually affecting"}, {"start": "00:00:32", "end": "00:00:35", "text": "their decision-making? And then how"}, {"start": "00:00:33", "end": "00:00:37", "text": "should you as an individual think about"}, {"start": "00:00:35", "end": "00:00:39", "text": "benchmarking, coding agents, different"}, {"start": "00:00:37", "end": "00:00:41", "text": "types of bots, and many other aspects of"}, {"start": "00:00:39", "end": "00:00:42", "text": "the AI industry that everyone's talking"}, {"start": "00:00:41", "end": "00:00:43", "text": "about. Logan is somebody who has worked"}, {"start": "00:00:42", "end": "00:00:45", "text": "at a number of different companies in"}, {"start": "00:00:43", "end": "00:00:47", "text": "the industry. He's very well verssed not"}, {"start": "00:00:45", "end": "00:00:48", "text": "only what Google's doing, but how the"}, {"start": "00:00:47", "end": "00:00:49", "text": "industry is developing. And I think"}, {"start": "00:00:48", "end": "00:00:51", "text": "you'll find this conversation very"}, {"start": "00:00:49", "end": "00:00:53", "text": "valuable. Here's my conversation with"}, {"start": "00:00:51", "end": "00:00:55", "text": "Logan Kilpatrick. All right, Logan."}, {"start": "00:00:53", "end": "00:00:57", "text": "Everyone thinks that Google is behind an"}, {"start": "00:00:55", "end": "00:00:59", "text": "AI race. Uh what do you think? What is"}, {"start": "00:00:57", "end": "00:01:01", "text": "your response to the critics who believe"}, {"start": "00:00:59", "end": "00:01:02", "text": "that Google maybe is not near where they"}, {"start": "00:01:01", "end": "00:01:04", "text": "should be?"}, {"start": "00:01:02", "end": "00:01:07", "text": ">> Yeah, it's a good question and I think"}, {"start": "00:01:04", "end": "00:01:09", "text": "it is uh I think my reflection of the"}, {"start": "00:01:07", "end": "00:01:12", "text": "last two and a half years is like I"}, {"start": "00:01:09", "end": "00:01:14", "text": "think it's a fair criticism um because"}, {"start": "00:01:12", "end": "00:01:15", "text": "people expect a lot of Google. This is"}, {"start": "00:01:14", "end": "00:01:16", "text": "what I try to remind myself. It's like"}, {"start": "00:01:15", "end": "00:01:18", "text": "you know it's not people trying to be"}, {"start": "00:01:16", "end": "00:01:20", "text": "rude saying that Google is behind. It's"}, {"start": "00:01:18", "end": "00:01:22", "text": "like Google's an incredible company have"}, {"start": "00:01:20", "end": "00:01:24", "text": "such a storied legacy. Um people expect"}, {"start": "00:01:22", "end": "00:01:25", "text": "high things of us."}, {"start": "00:01:24", "end": "00:01:27", "text": "I think [clears throat] the tension"}, {"start": "00:01:25", "end": "00:01:29", "text": "point for us is you look at this"}, {"start": "00:01:27", "end": "00:01:31", "text": "portfolio of stuff that we're doing. We"}, {"start": "00:01:29", "end": "00:01:33", "text": "actually talking off camera about this."}, {"start": "00:01:31", "end": "00:01:36", "text": "Everything from like, you know, genomics"}, {"start": "00:01:33", "end": "00:01:38", "text": "work to weather and science to, you"}, {"start": "00:01:36", "end": "00:01:40", "text": "know, new frontier models with Gemini 4"}, {"start": "00:01:38", "end": "00:01:43", "text": "to we just released a bunch of new audio"}, {"start": "00:01:40", "end": "00:01:45", "text": "models, um, etc., etc. Like I I have"}, {"start": "00:01:43", "end": "00:01:47", "text": "this firm conviction that like Google"}, {"start": "00:01:45", "end": "00:01:50", "text": "and Deep Mind, we have the world's best"}, {"start": "00:01:47", "end": "00:01:51", "text": "portfolio of stuff. um the tension is"}, {"start": "00:01:50", "end": "00:01:53", "text": "like the portfolio spikes in different"}, {"start": "00:01:51", "end": "00:01:56", "text": "ways and sort of this is a very natural"}, {"start": "00:01:53", "end": "00:01:58", "text": "thing. Um I don't think that's like an"}, {"start": "00:01:56", "end": "00:02:00", "text": "excuse to not be at the frontier and so"}, {"start": "00:01:58", "end": "00:02:02", "text": "I think I think we are like laser"}, {"start": "00:02:00", "end": "00:02:03", "text": "focused right now at the frontier. We're"}, {"start": "00:02:02", "end": "00:02:04", "text": "seeing all these early signs of"}, {"start": "00:02:03", "end": "00:02:06", "text": "recursive self-improvement. I think the"}, {"start": "00:02:04", "end": "00:02:08", "text": "other labs are seeing this as well. And"}, {"start": "00:02:06", "end": "00:02:10", "text": "so I think it's like underscoring the"}, {"start": "00:02:08", "end": "00:02:11", "text": "value of like being at the frontier and"}, {"start": "00:02:10", "end": "00:02:13", "text": "so hopefully we'll see that with with"}, {"start": "00:02:11", "end": "00:02:14", "text": "Gemini 4. But an immense amount of"}, {"start": "00:02:13", "end": "00:02:19", "text": "progress and I think you've seen this"}, {"start": "00:02:14", "end": "00:02:22", "text": "with the Gemini uh 3.5 3.6 6 3.7 3.8"}, {"start": "00:02:19", "end": "00:02:24", "text": "lineup of like in literally like 3 to"}, {"start": "00:02:22", "end": "00:02:26", "text": "four week increments. Uh sometimes less,"}, {"start": "00:02:24", "end": "00:02:28", "text": "sometimes a little bit more. We're"}, {"start": "00:02:26", "end": "00:02:29", "text": "seeing like very reasonable progress."}, {"start": "00:02:28", "end": "00:02:32", "text": "And again, this is like the early signs"}, {"start": "00:02:29", "end": "00:02:34", "text": "of this recursive self-improvement loop."}, {"start": "00:02:32", "end": "00:02:36", "text": "Um so hopefully we'll see that sort of"}, {"start": "00:02:34", "end": "00:02:38", "text": "like translate over in the same way to"}, {"start": "00:02:36", "end": "00:02:40", "text": "Gemini 4. And it'll be our it's our"}, {"start": "00:02:38", "end": "00:02:43", "text": "largest most ambitious pre-training run"}, {"start": "00:02:40", "end": "00:02:45", "text": "so far. Um, so I think you'll you'll"}, {"start": "00:02:43", "end": "00:02:46", "text": "it'll it'll sort of get us back in in"}, {"start": "00:02:45", "end": "00:02:47", "text": "contention with some of the the frontier"}, {"start": "00:02:46", "end": "00:02:49", "text": "labs."}, {"start": "00:02:47", "end": "00:02:50", "text": ">> Talk a little bit more about this like"}, {"start": "00:02:49", "end": "00:02:51", "text": "commitment to the frontier, right? I"}, {"start": "00:02:50", "end": "00:02:53", "text": "think that is one of the things that"}, {"start": "00:02:51", "end": "00:02:55", "text": "people have always wondered is um you"}, {"start": "00:02:53", "end": "00:02:57", "text": "can go after general intelligence, you"}, {"start": "00:02:55", "end": "00:02:58", "text": "can go after specialized workflows. You"}, {"start": "00:02:57", "end": "00:03:00", "text": "guys have a business to run. You got a"}, {"start": "00:02:58", "end": "00:03:02", "text": "lot of cash, but also you're making a"}, {"start": "00:03:00", "end": "00:03:04", "text": "lot of bets on, you know, this kind of"}, {"start": "00:03:02", "end": "00:03:06", "text": "being the future of the company. But I"}, {"start": "00:03:04", "end": "00:03:08", "text": "do think that when I speak to people at"}, {"start": "00:03:06", "end": "00:03:09", "text": "Google, maybe there's more of a"}, {"start": "00:03:08", "end": "00:03:12", "text": "commitment to the frontier than people"}, {"start": "00:03:09", "end": "00:03:14", "text": "realize kind of outside of the company."}, {"start": "00:03:12", "end": "00:03:16", "text": ">> Yeah, it it's part of why I had this"}, {"start": "00:03:14", "end": "00:03:18", "text": "conversation with Corey and he was sort"}, {"start": "00:03:16", "end": "00:03:21", "text": "of like making this verbal commitment to"}, {"start": "00:03:18", "end": "00:03:23", "text": "the frontier. Corora is our our uh SVP"}, {"start": "00:03:21", "end": "00:03:25", "text": "of Deep Mind leads uh the organization"}, {"start": "00:03:23", "end": "00:03:28", "text": "now um and is incredible. I love working"}, {"start": "00:03:25", "end": "00:03:30", "text": "with him. And he he was sort of making"}, {"start": "00:03:28", "end": "00:03:32", "text": "this verbal commitment. It's obviously"}, {"start": "00:03:30", "end": "00:03:34", "text": "been everyone's perspective internally"}, {"start": "00:03:32", "end": "00:03:35", "text": "for a long time. So he was sort of doing"}, {"start": "00:03:34", "end": "00:03:37", "text": "it to answer a lot of these questions of"}, {"start": "00:03:35", "end": "00:03:39", "text": "like do we even care about it? And I"}, {"start": "00:03:37", "end": "00:03:41", "text": "think this stems from like folks asking"}, {"start": "00:03:39", "end": "00:03:43", "text": "the question about you know why haven't"}, {"start": "00:03:41", "end": "00:03:45", "text": "we landed the pro model? Why are we"}, {"start": "00:03:43", "end": "00:03:47", "text": "pushing on flash? Do we only care about"}, {"start": "00:03:45", "end": "00:03:48", "text": "flash models now because we're shipping"}, {"start": "00:03:47", "end": "00:03:50", "text": "flash? And the reality is like we were"}, {"start": "00:03:48", "end": "00:03:52", "text": "just seeing a lot of progress. There was"}, {"start": "00:03:50", "end": "00:03:54", "text": "a lot of juice to squeeze. The recipe"}, {"start": "00:03:52", "end": "00:03:55", "text": "that we had was like working extremely"}, {"start": "00:03:54", "end": "00:03:57", "text": "well with the flash models. And so there"}, {"start": "00:03:55", "end": "00:03:59", "text": "was this like really tight iteration"}, {"start": "00:03:57", "end": "00:04:00", "text": "loop. people were getting excited about"}, {"start": "00:03:59", "end": "00:04:03", "text": "the progress and they're like, \"Hey,"}, {"start": "00:04:00", "end": "00:04:06", "text": "let's focus and make that happen.\" Um,"}, {"start": "00:04:03", "end": "00:04:08", "text": "but I do think like the one of the"}, {"start": "00:04:06", "end": "00:04:09", "text": "things that makes me most excited about"}, {"start": "00:04:08", "end": "00:04:11", "text": "Google and the reason that I'm here and"}, {"start": "00:04:09", "end": "00:04:14", "text": "the reason that I'm doing this work is"}, {"start": "00:04:11", "end": "00:04:16", "text": "because the front having a frontier"}, {"start": "00:04:14", "end": "00:04:18", "text": "model and the commitment to the frontier"}, {"start": "00:04:16", "end": "00:04:20", "text": "so deeply permeates across Google's"}, {"start": "00:04:18", "end": "00:04:22", "text": "business. You look at like every single"}, {"start": "00:04:20", "end": "00:04:24", "text": "thing that we're doing as Google, the"}, {"start": "00:04:22", "end": "00:04:25", "text": "way that you know our 13 plus billion"}, {"start": "00:04:24", "end": "00:04:27", "text": "user products are sort of like touching"}, {"start": "00:04:25", "end": "00:04:29", "text": "the world in different ways from"}, {"start": "00:04:27", "end": "00:04:31", "text": "workspace to everything else we're doing"}, {"start": "00:04:29", "end": "00:04:34", "text": "across search. Having a frontier model"}, {"start": "00:04:31", "end": "00:04:36", "text": "is core and fundamental and a direct"}, {"start": "00:04:34", "end": "00:04:38", "text": "accelerant of every single component of"}, {"start": "00:04:36", "end": "00:04:41", "text": "that business. Not to mention the things"}, {"start": "00:04:38", "end": "00:04:42", "text": "that are like more exploratory like what"}, {"start": "00:04:41", "end": "00:04:44", "text": "is having I mean we're seeing signs of"}, {"start": "00:04:42", "end": "00:04:47", "text": "this from open AI and others like what"}, {"start": "00:04:44", "end": "00:04:49", "text": "does having a frontier model mean for"}, {"start": "00:04:47", "end": "00:04:51", "text": "frontier drug discovery um and being"}, {"start": "00:04:49", "end": "00:04:53", "text": "able to cure cancer and like obviously"}, {"start": "00:04:51", "end": "00:04:56", "text": "there's a correlation between those"}, {"start": "00:04:53", "end": "00:04:58", "text": "things. It's it's like a not immediate"}, {"start": "00:04:56", "end": "00:05:00", "text": "correlation uh as you know having a"}, {"start": "00:04:58", "end": "00:05:01", "text": "bunch of products with billions of users"}, {"start": "00:05:00", "end": "00:05:02", "text": "but like there is going to be some"}, {"start": "00:05:01", "end": "00:05:04", "text": "correlation. I think that correlation is"}, {"start": "00:05:02", "end": "00:05:08", "text": "going to increase over time. So it is"}, {"start": "00:05:04", "end": "00:05:09", "text": "like the business is set up to like"}, {"start": "00:05:08", "end": "00:05:11", "text": "fundamentally depend on having a"}, {"start": "00:05:09", "end": "00:05:13", "text": "frontier model and so you go ask"}, {"start": "00:05:11", "end": "00:05:15", "text": "everyone I think this is to your comment"}, {"start": "00:05:13", "end": "00:05:16", "text": "like it is the most important thing"}, {"start": "00:05:15", "end": "00:05:18", "text": "there's nothing else we're not thinking"}, {"start": "00:05:16", "end": "00:05:20", "text": "about like hey let's go make small cheap"}, {"start": "00:05:18", "end": "00:05:22", "text": "models that are great for everyone else"}, {"start": "00:05:20", "end": "00:05:24", "text": "like we do that because there's use"}, {"start": "00:05:22", "end": "00:05:26", "text": "cases in Google that support it but the"}, {"start": "00:05:24", "end": "00:05:28", "text": "aim is to be at the frontier and being"}, {"start": "00:05:26", "end": "00:05:29", "text": "at the frontier will enable us to do all"}, {"start": "00:05:28", "end": "00:05:31", "text": "the other things"}, {"start": "00:05:29", "end": "00:05:32", "text": ">> as you go through that decision-m it is"}, {"start": "00:05:31", "end": "00:05:34", "text": "kind of an interesting thing most"}, {"start": "00:05:32", "end": "00:05:35", "text": "businesses they would look at like"}, {"start": "00:05:34", "end": "00:05:37", "text": "what's the problem we face? Okay, let's"}, {"start": "00:05:35", "end": "00:05:39", "text": "go build technology to solve that"}, {"start": "00:05:37", "end": "00:05:41", "text": "problem. When you're committed to the"}, {"start": "00:05:39", "end": "00:05:42", "text": "frontier though, there's some version of"}, {"start": "00:05:41", "end": "00:05:44", "text": "just like let's go build the smartest"}, {"start": "00:05:42", "end": "00:05:46", "text": "model possible and then we'll figure out"}, {"start": "00:05:44", "end": "00:05:47", "text": "how to apply it. And then once you get"}, {"start": "00:05:46", "end": "00:05:49", "text": "into the application of that, you know,"}, {"start": "00:05:47", "end": "00:05:51", "text": "kind of general intelligence, it becomes"}, {"start": "00:05:49", "end": "00:05:52", "text": "okay, do we do it in a general way where"}, {"start": "00:05:51", "end": "00:05:54", "text": "people all throughout the company can"}, {"start": "00:05:52", "end": "00:05:55", "text": "just, you know, ping it or or customers"}, {"start": "00:05:54", "end": "00:05:57", "text": "can do that or do we go build like"}, {"start": "00:05:55", "end": "00:05:59", "text": "specialized workflows and and kind of go"}, {"start": "00:05:57", "end": "00:06:01", "text": "through that path? maybe just walk me"}, {"start": "00:05:59", "end": "00:06:02", "text": "through like the decision tree like"}, {"start": "00:06:01", "end": "00:06:04", "text": "bring us in the room as you guys are"}, {"start": "00:06:02", "end": "00:06:05", "text": "thinking through some of this stuff like"}, {"start": "00:06:04", "end": "00:06:07", "text": "how do you guys decide where to put"}, {"start": "00:06:05", "end": "00:06:09", "text": "resources and like maybe what the"}, {"start": "00:06:07", "end": "00:06:10", "text": "sequence of events is at least you know"}, {"start": "00:06:09", "end": "00:06:12", "text": "aspirationally for you."}, {"start": "00:06:10", "end": "00:06:15", "text": ">> Yeah, I'll make a general comment which"}, {"start": "00:06:12", "end": "00:06:16", "text": "is um you know Sam Alman has that famous"}, {"start": "00:06:15", "end": "00:06:18", "text": "interview where he's like being"}, {"start": "00:06:16", "end": "00:06:19", "text": "interviewed by people a long time ago"}, {"start": "00:06:18", "end": "00:06:20", "text": "and they're like uh so what do you"}, {"start": "00:06:19", "end": "00:06:22", "text": "what's the plan to make money off this"}, {"start": "00:06:20", "end": "00:06:22", "text": "thing and he's like I don't know we're"}, {"start": "00:06:22", "end": "00:06:24", "text": "going to make the smartest thing"}, {"start": "00:06:22", "end": "00:06:25", "text": "possible and then we're going to ask it"}, {"start": "00:06:24", "end": "00:06:26", "text": "how to make money or something like"}, {"start": "00:06:25", "end": "00:06:30", "text": "that. Um, and you know, a little bit of"}, {"start": "00:06:26", "end": "00:06:31", "text": "a tongue-in-cheek answer, but um, it I"}, {"start": "00:06:30", "end": "00:06:33", "text": "think that's actually like less of what"}, {"start": "00:06:31", "end": "00:06:35", "text": "we've been trying to do at Google from"}, {"start": "00:06:33", "end": "00:06:37", "text": "the sense of like we actually know where"}, {"start": "00:06:35", "end": "00:06:38", "text": "the models will create tons of value for"}, {"start": "00:06:37", "end": "00:06:39", "text": "our customers in the world. We have all"}, {"start": "00:06:38", "end": "00:06:41", "text": "these products, we have all these"}, {"start": "00:06:39", "end": "00:06:42", "text": "services, we have the fastest growing"}, {"start": "00:06:41", "end": "00:06:44", "text": "cloud business in the world, etc., etc."}, {"start": "00:06:42", "end": "00:06:45", "text": "So, like it's very obvious what the"}, {"start": "00:06:44", "end": "00:06:48", "text": "commercial application is. You don't"}, {"start": "00:06:45", "end": "00:06:50", "text": "have to think too deeply about that. Um"}, {"start": "00:06:48", "end": "00:06:51", "text": "I think to answer the question"}, {"start": "00:06:50", "end": "00:06:53", "text": "specifically about like what are the set"}, {"start": "00:06:51", "end": "00:06:54", "text": "of trade-offs and how's the resource"}, {"start": "00:06:53", "end": "00:06:58", "text": "allocation being made I think that's"}, {"start": "00:06:54", "end": "00:07:00", "text": "where this like early sign of um of sort"}, {"start": "00:06:58", "end": "00:07:02", "text": "of like recursive self-improvement is"}, {"start": "00:07:00", "end": "00:07:04", "text": "coming from um and I think there's a lot"}, {"start": "00:07:02", "end": "00:07:07", "text": "of resources being focused on like how"}, {"start": "00:07:04", "end": "00:07:09", "text": "do we actually make the models better at"}, {"start": "00:07:07", "end": "00:07:11", "text": "coding and research and science and sort"}, {"start": "00:07:09", "end": "00:07:13", "text": "of the core work needed to make like"}, {"start": "00:07:11", "end": "00:07:16", "text": "further breakthroughs and accelerations"}, {"start": "00:07:13", "end": "00:07:18", "text": "of of model progress. Um, and I think"}, {"start": "00:07:16", "end": "00:07:20", "text": "folks are very interested in that"}, {"start": "00:07:18", "end": "00:07:21", "text": "because there's just like such a large"}, {"start": "00:07:20", "end": "00:07:23", "text": "economic opportunity and then having a"}, {"start": "00:07:21", "end": "00:07:24", "text": "great model will then enable us to do"}, {"start": "00:07:23", "end": "00:07:27", "text": "all the other things that we want to do."}, {"start": "00:07:24", "end": "00:07:31", "text": "Um, so there's a huge I think um,"}, {"start": "00:07:27", "end": "00:07:31", "text": "everybody is very codep"}, {"start": "00:07:32", "end": "00:07:36", "text": "I think we were like a little it's not"}, {"start": "00:07:34", "end": "00:07:38", "text": "that we were late to the game cuz folks"}, {"start": "00:07:36", "end": "00:07:41", "text": "I think knew it was important but I"}, {"start": "00:07:38", "end": "00:07:43", "text": "think you um,"}, {"start": "00:07:41", "end": "00:07:45", "text": "it's like yeah in hindsight everything"}, {"start": "00:07:43", "end": "00:07:46", "text": "is much more clear. Like I think in"}, {"start": "00:07:45", "end": "00:07:48", "text": "hindsight now it's obvious like we"}, {"start": "00:07:46", "end": "00:07:49", "text": "should have you know from a order of"}, {"start": "00:07:48", "end": "00:07:51", "text": "magnitude of resource allocation"}, {"start": "00:07:49", "end": "00:07:52", "text": "probably put more into coding sooner and"}, {"start": "00:07:51", "end": "00:07:54", "text": "like that makes sense and we had a bunch"}, {"start": "00:07:52", "end": "00:07:55", "text": "of other stuff that we were doing which"}, {"start": "00:07:54", "end": "00:07:57", "text": "those things actually turned out quite"}, {"start": "00:07:55", "end": "00:08:00", "text": "well like you know a good example of"}, {"start": "00:07:57", "end": "00:08:02", "text": "this is um you know nano banana like a"}, {"start": "00:08:00", "end": "00:08:04", "text": "great incredible image model that sort"}, {"start": "00:08:02", "end": "00:08:06", "text": "of took the world by storm had this"}, {"start": "00:08:04", "end": "00:08:07", "text": "massive impact for our consumer products"}, {"start": "00:08:06", "end": "00:08:09", "text": "and a bunch of other parts of the"}, {"start": "00:08:07", "end": "00:08:12", "text": "business and like you know to make that"}, {"start": "00:08:09", "end": "00:08:14", "text": "model it took research and compute and"}, {"start": "00:08:12", "end": "00:08:16", "text": "time and sort of and had this huge huge"}, {"start": "00:08:14", "end": "00:08:18", "text": "impact and like was it in hindsight"}, {"start": "00:08:16", "end": "00:08:19", "text": "right to do that versus doing something"}, {"start": "00:08:18", "end": "00:08:21", "text": "on coding like I don't know that there's"}, {"start": "00:08:19", "end": "00:08:22", "text": "actually a clear right answer but like"}, {"start": "00:08:21", "end": "00:08:24", "text": "those are the types of trade-offs that"}, {"start": "00:08:22", "end": "00:08:26", "text": "are actually a lot easier to analyze in"}, {"start": "00:08:24", "end": "00:08:28", "text": "hindsight and it's harder to know in the"}, {"start": "00:08:26", "end": "00:08:30", "text": "moment whether you're making that right"}, {"start": "00:08:28", "end": "00:08:32", "text": "decision but we do that reflection and"}, {"start": "00:08:30", "end": "00:08:34", "text": "sort of introspection which is important"}, {"start": "00:08:32", "end": "00:08:36", "text": ">> if you look at some of the companies um"}, {"start": "00:08:34", "end": "00:08:37", "text": "I think open AAI has been very"}, {"start": "00:08:36", "end": "00:08:40", "text": "inquisitive in trying to go after some"}, {"start": "00:08:37", "end": "00:08:42", "text": "of these verticals uh obviously uh"}, {"start": "00:08:40", "end": "00:08:44", "text": "SpaceX AI uh recently went bought cursor"}, {"start": "00:08:42", "end": "00:08:45", "text": "and then they launched Grock bot and"}, {"start": "00:08:44", "end": "00:08:47", "text": "they've got a lot of the coding stuff."}, {"start": "00:08:45", "end": "00:08:48", "text": "Um, it does feel like there's different"}, {"start": "00:08:47", "end": "00:08:49", "text": "strategies. There's a little bit of"}, {"start": "00:08:48", "end": "00:08:50", "text": "chess getting played. Some people say,"}, {"start": "00:08:49", "end": "00:08:51", "text": "\"Hey, look, we're going to focus on"}, {"start": "00:08:50", "end": "00:08:53", "text": "certain things. We're going to build it"}, {"start": "00:08:51", "end": "00:08:55", "text": "from scratch and and that's kind of our"}, {"start": "00:08:53", "end": "00:08:57", "text": "ethos and DNA.\" Google in other areas"}, {"start": "00:08:55", "end": "00:08:58", "text": "outside of AI has done both. They've"}, {"start": "00:08:57", "end": "00:09:00", "text": "built some things, but they've also"}, {"start": "00:08:58", "end": "00:09:02", "text": "acquired things. How are you guys"}, {"start": "00:09:00", "end": "00:09:03", "text": "thinking about, you know, if you feel"}, {"start": "00:09:02", "end": "00:09:05", "text": "like you're behind maybe in coding or"}, {"start": "00:09:03", "end": "00:09:07", "text": "other areas, like will you guys go buy"}, {"start": "00:09:05", "end": "00:09:09", "text": "stuff or is the focus internally on like"}, {"start": "00:09:07", "end": "00:09:10", "text": "let's go build, we know how to do it,"}, {"start": "00:09:09", "end": "00:09:13", "text": "we've got the resources, it's just a"}, {"start": "00:09:10", "end": "00:09:14", "text": "focus and kind of strategy thing. Yeah,"}, {"start": "00:09:13", "end": "00:09:17", "text": "we we've definitely done both in this"}, {"start": "00:09:14", "end": "00:09:20", "text": "context. And so we had um I think the"}, {"start": "00:09:17", "end": "00:09:22", "text": "Gemini CLI launched early um maybe like"}, {"start": "00:09:20", "end": "00:09:24", "text": "almost like a year and a half or two"}, {"start": "00:09:22", "end": "00:09:25", "text": "years ago um and sort of had some early"}, {"start": "00:09:24", "end": "00:09:27", "text": "traction. I think a few million users"}, {"start": "00:09:25", "end": "00:09:30", "text": "using that product and then we also went"}, {"start": "00:09:27", "end": "00:09:32", "text": "and um did the sort of acu hire of the"}, {"start": "00:09:30", "end": "00:09:34", "text": "wind surf team uh which is now part of"}, {"start": "00:09:32", "end": "00:09:36", "text": "cognition uh whom we were talking about"}, {"start": "00:09:34", "end": "00:09:38", "text": "off camera but um yeah and so we have a"}, {"start": "00:09:36", "end": "00:09:40", "text": "bunch of those folks. they've sort of"}, {"start": "00:09:38", "end": "00:09:42", "text": "been building this anti-gravity product"}, {"start": "00:09:40", "end": "00:09:43", "text": "internally uh both for our internal"}, {"start": "00:09:42", "end": "00:09:45", "text": "engineers but also for external users"}, {"start": "00:09:43", "end": "00:09:47", "text": "and have seen actually I think like one"}, {"start": "00:09:45", "end": "00:09:49", "text": "of the biggest impacts has been the"}, {"start": "00:09:47", "end": "00:09:51", "text": "internal acceleration and so they're"}, {"start": "00:09:49", "end": "00:09:53", "text": "really really deeply focused on like how"}, {"start": "00:09:51", "end": "00:09:55", "text": "do we build a great product for for"}, {"start": "00:09:53", "end": "00:09:57", "text": "engineers and and actually even"}, {"start": "00:09:55", "end": "00:09:59", "text": "non-engineers now inside of Google make"}, {"start": "00:09:57", "end": "00:10:00", "text": "it work really well um and then that"}, {"start": "00:09:59", "end": "00:10:02", "text": "sort of will translate to a great"}, {"start": "00:10:00", "end": "00:10:05", "text": "product externally eventually and so"}, {"start": "00:10:02", "end": "00:10:07", "text": "it's been cool to see um us do both"}, {"start": "00:10:05", "end": "00:10:09", "text": "things I think is one of the interesting"}, {"start": "00:10:07", "end": "00:10:12", "text": "strategic advantages of Google is we get"}, {"start": "00:10:09", "end": "00:10:13", "text": "to take many shots on goal and so um"}, {"start": "00:10:12", "end": "00:10:15", "text": "yeah I think having a bunch of different"}, {"start": "00:10:13", "end": "00:10:17", "text": "coding products and it's also like I"}, {"start": "00:10:15", "end": "00:10:20", "text": "think what's most interesting on this"}, {"start": "00:10:17", "end": "00:10:21", "text": "thread is the ecosystem has evolved I"}, {"start": "00:10:20", "end": "00:10:23", "text": "think about this all the time like the"}, {"start": "00:10:21", "end": "00:10:25", "text": "coding product that you would go to"}, {"start": "00:10:23", "end": "00:10:27", "text": "market with today or the sort of like"}, {"start": "00:10:25", "end": "00:10:29", "text": "developer or whatever like knowled even"}, {"start": "00:10:27", "end": "00:10:31", "text": "more generally knowledge work product"}, {"start": "00:10:29", "end": "00:10:33", "text": "that you're going to market with today"}, {"start": "00:10:31", "end": "00:10:35", "text": "looks so different than what it was even"}, {"start": "00:10:33", "end": "00:10:37", "text": "12 months ago and actually like"}, {"start": "00:10:35", "end": "00:10:38", "text": "Grockbot's a perfect example of this"}, {"start": "00:10:37", "end": "00:10:41", "text": "like it's not obvious to me that like"}, {"start": "00:10:38", "end": "00:10:43", "text": "the Grobox style product would have"}, {"start": "00:10:41", "end": "00:10:44", "text": "worked 12 months ago. I think it works"}, {"start": "00:10:43", "end": "00:10:47", "text": "now because the models are good enough,"}, {"start": "00:10:44", "end": "00:10:50", "text": "but like 12 months ago you actually like"}, {"start": "00:10:47", "end": "00:10:52", "text": "needed all of this like developer UI"}, {"start": "00:10:50", "end": "00:10:53", "text": "scaffolding of like you know give me all"}, {"start": "00:10:52", "end": "00:10:55", "text": "these extra features and buttons and"}, {"start": "00:10:53", "end": "00:10:57", "text": "things because like the model's not"}, {"start": "00:10:55", "end": "00:11:00", "text": "really that smart and I need to wield it"}, {"start": "00:10:57", "end": "00:11:02", "text": "and turn it and sort of critique it in"}, {"start": "00:11:00", "end": "00:11:05", "text": "these very very specific ways. Um, and"}, {"start": "00:11:02", "end": "00:11:07", "text": "so I think one of the my my observation"}, {"start": "00:11:05", "end": "00:11:08", "text": "of this and my point of this is like I"}, {"start": "00:11:07", "end": "00:11:11", "text": "think there's going to be many of these"}, {"start": "00:11:08", "end": "00:11:13", "text": "opportunities to take shots on goal as"}, {"start": "00:11:11", "end": "00:11:15", "text": "the model progress continues it like"}, {"start": "00:11:13", "end": "00:11:18", "text": "unlocks a new paradigm and it feels like"}, {"start": "00:11:15", "end": "00:11:19", "text": "you know Grockbot and uh and instinct"}, {"start": "00:11:18", "end": "00:11:20", "text": "and Muse and a bunch of these new"}, {"start": "00:11:19", "end": "00:11:23", "text": "products that are coming to market right"}, {"start": "00:11:20", "end": "00:11:25", "text": "now are like the evidence of like the"}, {"start": "00:11:23", "end": "00:11:27", "text": "models have crossed another chasm where"}, {"start": "00:11:25", "end": "00:11:29", "text": "the product experience you can now build"}, {"start": "00:11:27", "end": "00:11:30", "text": "is fundamentally different than the one"}, {"start": "00:11:29", "end": "00:11:31", "text": "you were building 12 months ago. And"}, {"start": "00:11:30", "end": "00:11:33", "text": "this this is true for developers, it's"}, {"start": "00:11:31", "end": "00:11:34", "text": "true in a bunch of other verticals as"}, {"start": "00:11:33", "end": "00:11:36", "text": "well."}, {"start": "00:11:34", "end": "00:11:38", "text": ">> With Gemini 4, you guys have talked"}, {"start": "00:11:36", "end": "00:11:40", "text": "about this large pre-training run that"}, {"start": "00:11:38", "end": "00:11:42", "text": "you're doing. Um, what should we take"}, {"start": "00:11:40", "end": "00:11:44", "text": "away from that? Like are there specific"}, {"start": "00:11:42", "end": "00:11:45", "text": "things that you can share in terms of"}, {"start": "00:11:44", "end": "00:11:46", "text": "what that's going to look like?"}, {"start": "00:11:45", "end": "00:11:48", "text": ">> Yeah, I think the thing to take away"}, {"start": "00:11:46", "end": "00:11:50", "text": "from this is like the commitment to the"}, {"start": "00:11:48", "end": "00:11:52", "text": "frontier. Uh, doing large pre-training"}, {"start": "00:11:50", "end": "00:11:54", "text": "runs is extremely expensive. It is like"}, {"start": "00:11:52", "end": "00:11:57", "text": "a large order of magnitude of"}, {"start": "00:11:54", "end": "00:12:00", "text": "investment. It's like I don't I don't uh"}, {"start": "00:11:57", "end": "00:12:01", "text": "the numbers are are quite large. Um,"}, {"start": "00:12:00", "end": "00:12:02", "text": ">> you want to tell us?"}, {"start": "00:12:01", "end": "00:12:04", "text": ">> Yeah, I I don't I actually don't even"}, {"start": "00:12:02", "end": "00:12:05", "text": "know what the numbers are off the top of"}, {"start": "00:12:04", "end": "00:12:08", "text": "my head just, but I can I can do some of"}, {"start": "00:12:05", "end": "00:12:11", "text": "the math uh in my head and like it's a"}, {"start": "00:12:08", "end": "00:12:13", "text": "lot. Um, and I think it's important. I"}, {"start": "00:12:11", "end": "00:12:15", "text": "think the other point of this actually"}, {"start": "00:12:13", "end": "00:12:16", "text": "is like pre-training has been a"}, {"start": "00:12:15", "end": "00:12:18", "text": "significant strength for Deep Mind in"}, {"start": "00:12:16", "end": "00:12:20", "text": "the past. Um, and so I think this is"}, {"start": "00:12:18", "end": "00:12:22", "text": "like one of the areas where I think we"}, {"start": "00:12:20", "end": "00:12:24", "text": "have like some of the best talent in the"}, {"start": "00:12:22", "end": "00:12:26", "text": "world. Um we have like actually this is"}, {"start": "00:12:24", "end": "00:12:28", "text": "like the infrastructure scale of Google"}, {"start": "00:12:26", "end": "00:12:30", "text": "um is an advantage in this context like"}, {"start": "00:12:28", "end": "00:12:32", "text": "the TPU fleet is an advantage in this"}, {"start": "00:12:30", "end": "00:12:34", "text": "context. Um a bunch of the data"}, {"start": "00:12:32", "end": "00:12:36", "text": "infrastructure stuff we have is an"}, {"start": "00:12:34", "end": "00:12:37", "text": "advantage. And so I think the point of"}, {"start": "00:12:36", "end": "00:12:39", "text": "telling people about this pre-training"}, {"start": "00:12:37", "end": "00:12:41", "text": "running is to tell people that like it's"}, {"start": "00:12:39", "end": "00:12:44", "text": "not like we're rolling over and playing"}, {"start": "00:12:41", "end": "00:12:46", "text": "dead. Like we are pushing the frontier."}, {"start": "00:12:44", "end": "00:12:47", "text": "Everybody's working as hard as humanly"}, {"start": "00:12:46", "end": "00:12:49", "text": "possible. We'll hopefully see a bunch of"}, {"start": "00:12:47", "end": "00:12:51", "text": "incredible results from this new"}, {"start": "00:12:49", "end": "00:12:54", "text": "pre-training run. Um, and actually"}, {"start": "00:12:51", "end": "00:12:57", "text": "interestingly like you do the model"}, {"start": "00:12:54", "end": "00:12:59", "text": "comparison today and like all of our,"}, {"start": "00:12:57", "end": "00:13:01", "text": "you know, I think this pre-training run"}, {"start": "00:12:59", "end": "00:13:03", "text": "will very specifically like get us to"}, {"start": "00:13:01", "end": "00:13:04", "text": "the category that we need to be at to be"}, {"start": "00:13:03", "end": "00:13:06", "text": "competitive with where our competitors"}, {"start": "00:13:04", "end": "00:13:07", "text": "are at. Um, and so I think the proof"}, {"start": "00:13:06", "end": "00:13:09", "text": "will be in the pudding when we hopefully"}, {"start": "00:13:07", "end": "00:13:11", "text": "launch this model and customers get"}, {"start": "00:13:09", "end": "00:13:12", "text": "their hands on it. Um, but I think"}, {"start": "00:13:11", "end": "00:13:14", "text": "that's the expectation and that's the"}, {"start": "00:13:12", "end": "00:13:16", "text": "hope right now. When you say"}, {"start": "00:13:14", "end": "00:13:19", "text": "competitors, I think most people will"}, {"start": "00:13:16", "end": "00:13:23", "text": "think about open AI, Anthropic, uh, you"}, {"start": "00:13:19", "end": "00:13:24", "text": "know, Grock or or SpaceX, etc. Um, do"}, {"start": "00:13:23", "end": "00:13:26", "text": "you guys worry at all about like the"}, {"start": "00:13:24", "end": "00:13:27", "text": "Chinese open source openweight uh, type"}, {"start": "00:13:26", "end": "00:13:29", "text": "model players? Do you worry about maybe"}, {"start": "00:13:27", "end": "00:13:31", "text": "other competitors that aren't one of"}, {"start": "00:13:29", "end": "00:13:32", "text": "those three companies?"}, {"start": "00:13:31", "end": "00:13:34", "text": ">> Yeah, I think what's so interesting"}, {"start": "00:13:32", "end": "00:13:37", "text": "right now is like the space feels"}, {"start": "00:13:34", "end": "00:13:40", "text": "incredibly dynamic. And so I think I"}, {"start": "00:13:37", "end": "00:13:41", "text": "mean I think all I I personally have"}, {"start": "00:13:40", "end": "00:13:42", "text": "never understood all these memes of like"}, {"start": "00:13:41", "end": "00:13:44", "text": "I don't think about the competitor. I'm"}, {"start": "00:13:42", "end": "00:13:45", "text": "like I think about our competitors"}, {"start": "00:13:44", "end": "00:13:47", "text": "because they're all incredible companies"}, {"start": "00:13:45", "end": "00:13:48", "text": "and like I think we would be wrong to"}, {"start": "00:13:47", "end": "00:13:50", "text": "not be thinking about what they're doing"}, {"start": "00:13:48", "end": "00:13:52", "text": "and you know examining are they are they"}, {"start": "00:13:50", "end": "00:13:52", "text": "making the right decisions? Are the"}, {"start": "00:13:52", "end": "00:13:54", "text": "things that we could be doing"}, {"start": "00:13:52", "end": "00:13:57", "text": "differently still sort of like knowing"}, {"start": "00:13:54", "end": "00:13:58", "text": "what our core focus is and so spend a"}, {"start": "00:13:57", "end": "00:14:00", "text": "lot of time looking at like what are the"}, {"start": "00:13:58", "end": "00:14:02", "text": "things that folks are doing. Um and"}, {"start": "00:14:00", "end": "00:14:04", "text": "obviously the Chinese model labs have"}, {"start": "00:14:02", "end": "00:14:07", "text": "done an incredible job so far. It's like"}, {"start": "00:14:04", "end": "00:14:10", "text": "there's there's clearly a bunch of like"}, {"start": "00:14:07", "end": "00:14:12", "text": "question marks as far as IP stuff, uh,"}, {"start": "00:14:10", "end": "00:14:13", "text": "model trading stuff, but like with the"}, {"start": "00:14:12", "end": "00:14:15", "text": "set of constraints they have, all things"}, {"start": "00:14:13", "end": "00:14:16", "text": "considered, they've seemingly done a"}, {"start": "00:14:15", "end": "00:14:18", "text": "pretty solid job and like there's"}, {"start": "00:14:16", "end": "00:14:19", "text": "clearly research innovation they're"}, {"start": "00:14:18", "end": "00:14:20", "text": "doing as well. It's not like they're"}, {"start": "00:14:19", "end": "00:14:22", "text": "just copying what everyone else is"}, {"start": "00:14:20", "end": "00:14:24", "text": "doing. There's like actual frontier"}, {"start": "00:14:22", "end": "00:14:27", "text": "research happening. Um, so don't want to"}, {"start": "00:14:24", "end": "00:14:29", "text": "discount them as a competitor. It's also"}, {"start": "00:14:27", "end": "00:14:31", "text": "clear that like startups and companies"}, {"start": "00:14:29", "end": "00:14:33", "text": "want to use models that they can host"}, {"start": "00:14:31", "end": "00:14:35", "text": "themselves. Like I think there's like a"}, {"start": "00:14:33", "end": "00:14:37", "text": "there's like a philosophical question of"}, {"start": "00:14:35", "end": "00:14:39", "text": "like oh how do you you know what's the"}, {"start": "00:14:37", "end": "00:14:41", "text": "what's the feeling about these labs in"}, {"start": "00:14:39", "end": "00:14:42", "text": "China open sourcing these models and"}, {"start": "00:14:41", "end": "00:14:43", "text": "doing the thing they're doing and then"}, {"start": "00:14:42", "end": "00:14:46", "text": "there's like a practical business"}, {"start": "00:14:43", "end": "00:14:47", "text": "question of like customers want these"}, {"start": "00:14:46", "end": "00:14:48", "text": "type of models. They want to like I talk"}, {"start": "00:14:47", "end": "00:14:50", "text": "to startups all the time and startups"}, {"start": "00:14:48", "end": "00:14:52", "text": "want to be able to take the weight of"}, {"start": "00:14:50", "end": "00:14:53", "text": "the models and customize them for the"}, {"start": "00:14:52", "end": "00:14:55", "text": "use cases that they care about. Um and"}, {"start": "00:14:53", "end": "00:14:57", "text": "so there's a huge market there. there's"}, {"start": "00:14:55", "end": "00:15:01", "text": "a huge opportunity and so I think the"}, {"start": "00:14:57", "end": "00:15:04", "text": "question is like will we see um like US"}, {"start": "00:15:01", "end": "00:15:06", "text": "open- source labs um and like Nvidia's"}, {"start": "00:15:04", "end": "00:15:08", "text": "you know spinning up these types of"}, {"start": "00:15:06", "end": "00:15:10", "text": "efforts uh we have some of this on on"}, {"start": "00:15:08", "end": "00:15:12", "text": "the smaller ondevice model side with"}, {"start": "00:15:10", "end": "00:15:14", "text": "Gemma um I think we'll see like"}, {"start": "00:15:12", "end": "00:15:16", "text": "reflection AI a bunch of other folks"}, {"start": "00:15:14", "end": "00:15:19", "text": "like take shots at like can you actually"}, {"start": "00:15:16", "end": "00:15:21", "text": "produce frontier openweight models um"}, {"start": "00:15:19", "end": "00:15:24", "text": "but I think the cool actually the cool"}, {"start": "00:15:21", "end": "00:15:26", "text": "thing for all of us is that how just how"}, {"start": "00:15:24", "end": "00:15:29", "text": "competitive it is. Like the fact that"}, {"start": "00:15:26", "end": "00:15:32", "text": "those labs are able to like stand in a"}, {"start": "00:15:29", "end": "00:15:34", "text": "similar regard at all to these large"}, {"start": "00:15:32", "end": "00:15:35", "text": "companies in the US um is actually I"}, {"start": "00:15:34", "end": "00:15:37", "text": "think a good thing for all of us right"}, {"start": "00:15:35", "end": "00:15:38", "text": "now. And so there's a there's a huge"}, {"start": "00:15:37", "end": "00:15:40", "text": "amount of competition that's pushing"}, {"start": "00:15:38", "end": "00:15:43", "text": "everyone to be better. Today's episode"}, {"start": "00:15:40", "end": "00:15:45", "text": "is brought to you by Token 2049. The"}, {"start": "00:15:43", "end": "00:15:48", "text": "largest conference in crypto is back."}, {"start": "00:15:45", "end": "00:15:50", "text": "Token 2049 will host 25,000 people, 300"}, {"start": "00:15:48", "end": "00:15:52", "text": "speakers, and a thousand plus side"}, {"start": "00:15:50", "end": "00:15:54", "text": "events in Singapore on October 7th and"}, {"start": "00:15:52", "end": "00:15:56", "text": "8th at Marina Bay Sands. The speaker"}, {"start": "00:15:54", "end": "00:15:58", "text": "list is absolutely stacked. Shane"}, {"start": "00:15:56", "end": "00:16:00", "text": "Copeland from Poly Market, Jeff Yan from"}, {"start": "00:15:58", "end": "00:16:03", "text": "Hyperlquid, Adena Freriedman from"}, {"start": "00:16:00", "end": "00:16:04", "text": "NASDAQ, Arthur Hayes, Balagi, and Eric"}, {"start": "00:16:03", "end": "00:16:05", "text": "Trump. [music] Crypto and traditional"}, {"start": "00:16:04", "end": "00:16:07", "text": "finance in the same building, which"}, {"start": "00:16:05", "end": "00:16:08", "text": "tells you a lot about where this is"}, {"start": "00:16:07", "end": "00:16:10", "text": "going. And the conference runs right"}, {"start": "00:16:08", "end": "00:16:12", "text": "into F1 weekend, so the whole thing"}, {"start": "00:16:10", "end": "00:16:14", "text": "turns into one giant week. If you're"}, {"start": "00:16:12", "end": "00:16:17", "text": "headed to Singapore, use code POMP 10"}, {"start": "00:16:14", "end": "00:16:19", "text": "for 10% off your ticket. Token 2049,"}, {"start": "00:16:17", "end": "00:16:20", "text": "October 7th and 8th in Singapore. Go"}, {"start": "00:16:19", "end": "00:16:22", "text": "check them out in the link in the"}, {"start": "00:16:20", "end": "00:16:25", "text": "description."}, {"start": "00:16:22", "end": "00:16:26", "text": "When you think about uh playing chess,"}, {"start": "00:16:25", "end": "00:16:28", "text": "you definitely got to understand what"}, {"start": "00:16:26", "end": "00:16:29", "text": "your opponent is doing. I I agree with"}, {"start": "00:16:28", "end": "00:16:31", "text": "you that, you know, kind of uh only"}, {"start": "00:16:29", "end": "00:16:33", "text": "focusing on your pieces does not help"}, {"start": "00:16:31", "end": "00:16:35", "text": "you win the game. Um with that said"}, {"start": "00:16:33", "end": "00:16:37", "text": "though, it does feel like there is a lot"}, {"start": "00:16:35", "end": "00:16:39", "text": "of question marks about how some of this"}, {"start": "00:16:37", "end": "00:16:40", "text": "stuff is getting done. You know, if you"}, {"start": "00:16:39", "end": "00:16:42", "text": "think of some of the math problems that"}, {"start": "00:16:40", "end": "00:16:44", "text": "have recently been solved. It was, hey,"}, {"start": "00:16:42", "end": "00:16:46", "text": "did the models train on, you know, other"}, {"start": "00:16:44", "end": "00:16:48", "text": "people's questions. Was there uh some"}, {"start": "00:16:46", "end": "00:16:49", "text": "peing at, you know, data that people"}, {"start": "00:16:48", "end": "00:16:51", "text": "thought was private? There's some"}, {"start": "00:16:49", "end": "00:16:52", "text": "questions now about was, you know, Kimmy"}, {"start": "00:16:51", "end": "00:16:54", "text": "actually passing some of their queries"}, {"start": "00:16:52", "end": "00:16:56", "text": "just to Claude to answer versus Kimmy"}, {"start": "00:16:54", "end": "00:16:57", "text": "doing it themselves. And it's very"}, {"start": "00:16:56", "end": "00:16:59", "text": "difficult, you know, at least for me,"}, {"start": "00:16:57", "end": "00:17:01", "text": "but I think many of people to understand"}, {"start": "00:16:59", "end": "00:17:04", "text": "like what is real and what is just like"}, {"start": "00:17:01", "end": "00:17:05", "text": "Twitter fodder or X fodder where people"}, {"start": "00:17:04", "end": "00:17:06", "text": "just say, you know, they like they like"}, {"start": "00:17:05", "end": "00:17:08", "text": "the drama. It's almost like the TMZ of"}, {"start": "00:17:06", "end": "00:17:09", "text": "the AI industry, right? like what what's"}, {"start": "00:17:08", "end": "00:17:12", "text": "the new thing that we could all you know"}, {"start": "00:17:09", "end": "00:17:14", "text": "grab hold of for the day? How do you"}, {"start": "00:17:12", "end": "00:17:15", "text": "personally think through, you know,"}, {"start": "00:17:14", "end": "00:17:18", "text": "where to spend your time in terms of"}, {"start": "00:17:15", "end": "00:17:19", "text": "like your attention? Because it it's"}, {"start": "00:17:18", "end": "00:17:21", "text": "happening so fast. There's so many"}, {"start": "00:17:19", "end": "00:17:23", "text": "different things, you know, even if you"}, {"start": "00:17:21", "end": "00:17:24", "text": "we just think over the last week or so,"}, {"start": "00:17:23", "end": "00:17:26", "text": "you've got everyone from Paul Tutor"}, {"start": "00:17:24", "end": "00:17:28", "text": "Jones putting out opeds. You've got, you"}, {"start": "00:17:26", "end": "00:17:30", "text": "know, Jensen talking about AGI, you've"}, {"start": "00:17:28", "end": "00:17:33", "text": "got Astra, you've got like all these"}, {"start": "00:17:30", "end": "00:17:34", "text": "components. Unless you figured out how"}, {"start": "00:17:33", "end": "00:17:36", "text": "to get more than 24 hours in a day, you"}, {"start": "00:17:34", "end": "00:17:39", "text": "know, you don't have as much time. So,"}, {"start": "00:17:36", "end": "00:17:40", "text": "like what is your process to do that?"}, {"start": "00:17:39", "end": "00:17:42", "text": "Yeah, I think this is actually an"}, {"start": "00:17:40", "end": "00:17:45", "text": "interesting point that you're making,"}, {"start": "00:17:42", "end": "00:17:48", "text": "which is and I think this has I think"}, {"start": "00:17:45", "end": "00:17:51", "text": "the po the the trend has changed over"}, {"start": "00:17:48", "end": "00:17:53", "text": "time in like the level of signal to"}, {"start": "00:17:51", "end": "00:17:55", "text": "noise. Um I think there's actually just"}, {"start": "00:17:53", "end": "00:17:57", "text": "a lot more noise these days. And so I do"}, {"start": "00:17:55", "end": "00:18:00", "text": "think it is like a it is a muscle that"}, {"start": "00:17:57", "end": "00:18:02", "text": "you have to build to sort of filter as"}, {"start": "00:18:00", "end": "00:18:07", "text": "much of this stuff as possible. And for"}, {"start": "00:18:02", "end": "00:18:07", "text": "me it definitely passively cons"}, {"start": "00:18:13", "end": "00:18:17", "text": "better models. Um there's a bunch of"}, {"start": "00:18:16", "end": "00:18:19", "text": "stuff to stay on top of and make sure"}, {"start": "00:18:17", "end": "00:18:20", "text": "that like we're reacting to the right"}, {"start": "00:18:19", "end": "00:18:22", "text": "things that are happening and being"}, {"start": "00:18:20", "end": "00:18:24", "text": "proactive where it's needed. But like I"}, {"start": "00:18:22", "end": "00:18:27", "text": "think it's really easy to to get caught"}, {"start": "00:18:24", "end": "00:18:29", "text": "up in all the crap that's happening in"}, {"start": "00:18:27", "end": "00:18:32", "text": "the world right now. And like um I think"}, {"start": "00:18:29", "end": "00:18:33", "text": "my my advice to people is like filter"}, {"start": "00:18:32", "end": "00:18:34", "text": "out as much as possible, be more"}, {"start": "00:18:33", "end": "00:18:36", "text": "intentional about how you spend your"}, {"start": "00:18:34", "end": "00:18:38", "text": "time because like there's a lot of noise"}, {"start": "00:18:36", "end": "00:18:40", "text": "and it's not always clear to me that"}, {"start": "00:18:38", "end": "00:18:44", "text": "like the noise is actually translating"}, {"start": "00:18:40", "end": "00:18:46", "text": "to any amount of signal. Um and so yeah,"}, {"start": "00:18:44", "end": "00:18:48", "text": "it's like there's yeah there's very"}, {"start": "00:18:46", "end": "00:18:49", "text": "specific cases where this is true. Like"}, {"start": "00:18:48", "end": "00:18:51", "text": "you know the hugging face open AI"}, {"start": "00:18:49", "end": "00:18:53", "text": "situation is like good example of like"}, {"start": "00:18:51", "end": "00:18:54", "text": "lots of noise. There's definitely signal"}, {"start": "00:18:53", "end": "00:18:56", "text": "there. There's something to be learned."}, {"start": "00:18:54", "end": "00:18:57", "text": "There's something to understand. There's"}, {"start": "00:18:56", "end": "00:19:00", "text": "a lot of cases though where like this is"}, {"start": "00:18:57", "end": "00:19:02", "text": "not the case. Um and so yeah, trying to"}, {"start": "00:19:00", "end": "00:19:03", "text": "try and be intentional about the places"}, {"start": "00:19:02", "end": "00:19:05", "text": "where there's actual signal."}, {"start": "00:19:03", "end": "00:19:07", "text": ">> If you almost take that same issue or"}, {"start": "00:19:05", "end": "00:19:09", "text": "challenge and flip it, the other side of"}, {"start": "00:19:07", "end": "00:19:12", "text": "that is like there's a lot of"}, {"start": "00:19:09", "end": "00:19:14", "text": "opportunity cost given that the cost or"}, {"start": "00:19:12", "end": "00:19:16", "text": "barrier to build things has come down so"}, {"start": "00:19:14", "end": "00:19:18", "text": "much you now have access to superhuman"}, {"start": "00:19:16", "end": "00:19:20", "text": "intelligence. You can vibe code things."}, {"start": "00:19:18", "end": "00:19:22", "text": "You know, you can have the bots go and"}, {"start": "00:19:20", "end": "00:19:23", "text": "build companies or, you know, kind of"}, {"start": "00:19:22", "end": "00:19:26", "text": "run parts of your business. like that it"}, {"start": "00:19:23", "end": "00:19:29", "text": "does feel like not only are there more"}, {"start": "00:19:26", "end": "00:19:32", "text": "distractions but if you get distracted"}, {"start": "00:19:29", "end": "00:19:33", "text": "the opportunity cost is higher than ever"}, {"start": "00:19:32", "end": "00:19:35", "text": "and so how do you think about you know"}, {"start": "00:19:33", "end": "00:19:37", "text": "your role internally you've worked"}, {"start": "00:19:35", "end": "00:19:39", "text": "inside of open AI you've worked at"}, {"start": "00:19:37", "end": "00:19:40", "text": "Google like maybe like what are some of"}, {"start": "00:19:39", "end": "00:19:42", "text": "the things you've picked up and how"}, {"start": "00:19:40", "end": "00:19:43", "text": "you're navigating the productivity side"}, {"start": "00:19:42", "end": "00:19:45", "text": "of this as well"}, {"start": "00:19:43", "end": "00:19:47", "text": ">> yeah it's so true and I think actually"}, {"start": "00:19:45", "end": "00:19:50", "text": "the thing that I struggle most with now"}, {"start": "00:19:47", "end": "00:19:52", "text": "is like um it's this like level of"}, {"start": "00:19:50", "end": "00:19:54", "text": "ambition problem which is like I used to"}, {"start": "00:19:52", "end": "00:19:56", "text": "be able to be like, \"Oh, I'll just go"}, {"start": "00:19:54", "end": "00:19:58", "text": "like do this thing. It's going to be"}, {"start": "00:19:56", "end": "00:20:01", "text": "small and concise and well scoped and"}, {"start": "00:19:58", "end": "00:20:03", "text": "and now it's like I actually like"}, {"start": "00:20:01", "end": "00:20:05", "text": "if I go do this, like this could be a"}, {"start": "00:20:03", "end": "00:20:07", "text": "billion dollar opportunity for us and"}, {"start": "00:20:05", "end": "00:20:08", "text": "like so I have to take it like quite"}, {"start": "00:20:07", "end": "00:20:11", "text": "seriously and like that like weighs on"}, {"start": "00:20:08", "end": "00:20:12", "text": "me and I'm like, you know, having to"}, {"start": "00:20:11", "end": "00:20:14", "text": "spend more time to be thoughtful about"}, {"start": "00:20:12", "end": "00:20:16", "text": "like is this the opportunity that like"}, {"start": "00:20:14", "end": "00:20:17", "text": "we really want to go after as a team"}, {"start": "00:20:16", "end": "00:20:20", "text": "because there's so much opportunity"}, {"start": "00:20:17", "end": "00:20:21", "text": "everywhere.\" Um, I think for me this"}, {"start": "00:20:20", "end": "00:20:23", "text": "goes back to like I'm I try to be"}, {"start": "00:20:21", "end": "00:20:25", "text": "extremely principled about like what are"}, {"start": "00:20:23", "end": "00:20:27", "text": "the things that Google is well"}, {"start": "00:20:25", "end": "00:20:28", "text": "positioned to compete in. Um, and"}, {"start": "00:20:27", "end": "00:20:30", "text": "there's a lot of things that we're not"}, {"start": "00:20:28", "end": "00:20:31", "text": "well positioned to compete in. There's"}, {"start": "00:20:30", "end": "00:20:32", "text": "definitely some that we are well"}, {"start": "00:20:31", "end": "00:20:34", "text": "positioned to compete in and like we"}, {"start": "00:20:32", "end": "00:20:36", "text": "have structural advantages with, you"}, {"start": "00:20:34", "end": "00:20:38", "text": "know, Google Workspace and Google Cloud"}, {"start": "00:20:36", "end": "00:20:41", "text": "and distribution and things like that."}, {"start": "00:20:38", "end": "00:20:43", "text": "Um, and so that's sort of my filtering"}, {"start": "00:20:41", "end": "00:20:45", "text": "mechanism on the on the product side"}, {"start": "00:20:43", "end": "00:20:46", "text": "when we think about like what are the"}, {"start": "00:20:45", "end": "00:20:48", "text": "opportunities to go after like I don't"}, {"start": "00:20:46", "end": "00:20:50", "text": "want to go after everything. Um, I want"}, {"start": "00:20:48", "end": "00:20:54", "text": "to go after things in which there's like"}, {"start": "00:20:50", "end": "00:20:55", "text": "a natural uh lift because we have other"}, {"start": "00:20:54", "end": "00:20:57", "text": "assets inside of Google that will"}, {"start": "00:20:55", "end": "00:20:58", "text": "actually contribute to the success of"}, {"start": "00:20:57", "end": "00:21:00", "text": "these things. And so this is what we've"}, {"start": "00:20:58", "end": "00:21:02", "text": "done in AI Studio. we have all these"}, {"start": "00:21:00", "end": "00:21:03", "text": "deep integrations with Google Cloud and"}, {"start": "00:21:02", "end": "00:21:05", "text": "all this stuff that like no other"}, {"start": "00:21:03", "end": "00:21:07", "text": "product team in the world can actually"}, {"start": "00:21:05", "end": "00:21:09", "text": "do because they're not inside of Google"}, {"start": "00:21:07", "end": "00:21:12", "text": "building this product. Um, and so it"}, {"start": "00:21:09", "end": "00:21:14", "text": "means that we're um it means that we're"}, {"start": "00:21:12", "end": "00:21:15", "text": "competing in some of these categories,"}, {"start": "00:21:14", "end": "00:21:17", "text": "but we're running a playbook that only"}, {"start": "00:21:15", "end": "00:21:19", "text": "we can actually run. And so we'll see in"}, {"start": "00:21:17", "end": "00:21:20", "text": "the fullness of time of was that the"}, {"start": "00:21:19", "end": "00:21:21", "text": "right playbook? Does it actually make"}, {"start": "00:21:20", "end": "00:21:23", "text": "sense? Maybe we should have just been"}, {"start": "00:21:21", "end": "00:21:25", "text": "doing the things everybody else were"}, {"start": "00:21:23", "end": "00:21:28", "text": "doing. Um, but I think it's I'm I'm"}, {"start": "00:21:25", "end": "00:21:30", "text": "trying to keep that filtering mechanism"}, {"start": "00:21:28", "end": "00:21:31", "text": "um very top of mind as we're making the"}, {"start": "00:21:30", "end": "00:21:34", "text": "decisions. Uh, and there's just so many"}, {"start": "00:21:31", "end": "00:21:35", "text": "cool things that Google has that make"}, {"start": "00:21:34", "end": "00:21:38", "text": "this like fun. And so I'm I feel like"}, {"start": "00:21:35", "end": "00:21:39", "text": "I'm not limited by like um by this at"}, {"start": "00:21:38", "end": "00:21:41", "text": "the moment."}, {"start": "00:21:39", "end": "00:21:43", "text": ">> One of the aspects of the AI industry"}, {"start": "00:21:41", "end": "00:21:45", "text": "that is just intellectually, you know,"}, {"start": "00:21:43", "end": "00:21:46", "text": "stimulating I think for you, me, many"}, {"start": "00:21:45", "end": "00:21:49", "text": "other people is there's a level of"}, {"start": "00:21:46", "end": "00:21:51", "text": "strategy that is being played out. So"}, {"start": "00:21:49", "end": "00:21:53", "text": "it's not just like can you get the"}, {"start": "00:21:51", "end": "00:21:54", "text": "hardware and the software to do certain"}, {"start": "00:21:53", "end": "00:21:56", "text": "things you know kind of create magic or"}, {"start": "00:21:54", "end": "00:21:58", "text": "or turn sand into intelligence like that"}, {"start": "00:21:56", "end": "00:22:01", "text": "that is obviously very difficult in"}, {"start": "00:21:58", "end": "00:22:02", "text": "plenty of uh challenges there but the"}, {"start": "00:22:01", "end": "00:22:05", "text": "strategy side you know we were talking"}, {"start": "00:22:02", "end": "00:22:07", "text": "previously that um most of the frontier"}, {"start": "00:22:05", "end": "00:22:09", "text": "models are pursuing general intelligence"}, {"start": "00:22:07", "end": "00:22:10", "text": "some form or fashion right but then"}, {"start": "00:22:09", "end": "00:22:12", "text": "there's a bunch of startups that are"}, {"start": "00:22:10", "end": "00:22:14", "text": "saying well what if I take a specialized"}, {"start": "00:22:12", "end": "00:22:15", "text": "workflow approach and um if you think of"}, {"start": "00:22:14", "end": "00:22:17", "text": "like what we've been building with"}, {"start": "00:22:15", "end": "00:22:19", "text": "Sylvia you know this idea of well if we"}, {"start": "00:22:17", "end": "00:22:21", "text": "go and we build a bunch of proprietary"}, {"start": "00:22:19", "end": "00:22:24", "text": "technology that from model routers to"}, {"start": "00:22:21", "end": "00:22:28", "text": "harnesses to you know data pipelines and"}, {"start": "00:22:24", "end": "00:22:29", "text": "uh our own models etc. It does feel like"}, {"start": "00:22:28", "end": "00:22:31", "text": "there's almost a point on each"}, {"start": "00:22:29", "end": "00:22:33", "text": "application of AI where you kind of have"}, {"start": "00:22:31", "end": "00:22:34", "text": "to decide do we go after general"}, {"start": "00:22:33", "end": "00:22:38", "text": "intelligence or do we go after the"}, {"start": "00:22:34", "end": "00:22:39", "text": "specialized workflows and Harvey Sylvia"}, {"start": "00:22:38", "end": "00:22:40", "text": "you there's many players I think that"}, {"start": "00:22:39", "end": "00:22:42", "text": "are seeing a lot of traction in"}, {"start": "00:22:40", "end": "00:22:44", "text": "specialized workflows but what I find"}, {"start": "00:22:42", "end": "00:22:47", "text": "fascinating about Google is you guys"}, {"start": "00:22:44", "end": "00:22:48", "text": "have multiple applications where you"}, {"start": "00:22:47", "end": "00:22:50", "text": "have to make that decision over and over"}, {"start": "00:22:48", "end": "00:22:51", "text": "again like do we go and build the"}, {"start": "00:22:50", "end": "00:22:54", "text": "specialized workflows or can we just use"}, {"start": "00:22:51", "end": "00:22:55", "text": "the general you know purpose model how"}, {"start": "00:22:54", "end": "00:22:56", "text": "are you navigating that like for each"}, {"start": "00:22:55", "end": "00:22:58", "text": "one of these use cases cases. It's"}, {"start": "00:22:56", "end": "00:23:00", "text": "almost like you guys may be making that"}, {"start": "00:22:58", "end": "00:23:01", "text": "decision more than anyone else in the"}, {"start": "00:23:00", "end": "00:23:03", "text": "world."}, {"start": "00:23:01", "end": "00:23:05", "text": ">> Yeah. Actually, I I've got two points"}, {"start": "00:23:03", "end": "00:23:07", "text": "for you on this. Like one of the thought"}, {"start": "00:23:05", "end": "00:23:11", "text": "exercises that I am continually"}, {"start": "00:23:07", "end": "00:23:14", "text": "proposing to our team internally um is"}, {"start": "00:23:11", "end": "00:23:16", "text": "in 5 years do we expect and maybe 5"}, {"start": "00:23:14", "end": "00:23:18", "text": "years is the wrong time horizon but like"}, {"start": "00:23:16", "end": "00:23:23", "text": "in 5 to 10 years do we expect Google to"}, {"start": "00:23:18", "end": "00:23:25", "text": "have 10,000 products or two or three"}, {"start": "00:23:23", "end": "00:23:27", "text": "products? Um and I think this gets to"}, {"start": "00:23:25", "end": "00:23:29", "text": "this like vertical workflows versus sort"}, {"start": "00:23:27", "end": "00:23:31", "text": "of like general intelligence. And so I"}, {"start": "00:23:29", "end": "00:23:33", "text": "think there's like clear signal in the"}, {"start": "00:23:31", "end": "00:23:35", "text": "market that customers want vertical"}, {"start": "00:23:33", "end": "00:23:36", "text": "applications. Um they don't like you"}, {"start": "00:23:35", "end": "00:23:38", "text": "know you think about like why apps are"}, {"start": "00:23:36", "end": "00:23:42", "text": "so successful and like that's sort of"}, {"start": "00:23:38", "end": "00:23:44", "text": "there's this um this user behavior"}, {"start": "00:23:42", "end": "00:23:47", "text": "pattern which is like hey I I think as a"}, {"start": "00:23:44", "end": "00:23:49", "text": "user in terms of like using a particular"}, {"start": "00:23:47", "end": "00:23:52", "text": "application or a tool in real life. I"}, {"start": "00:23:49", "end": "00:23:54", "text": "want to go swat a fly. I go get a fly"}, {"start": "00:23:52", "end": "00:23:57", "text": "swatter. I want to go drink water, I get"}, {"start": "00:23:54", "end": "00:23:59", "text": "a cup. I don't like go to this like"}, {"start": "00:23:57", "end": "00:24:01", "text": "Oracle all-encompassing tool that can"}, {"start": "00:23:59", "end": "00:24:03", "text": "morph to do like it's not it's not"}, {"start": "00:24:01", "end": "00:24:05", "text": "something that like we intrinsically"}, {"start": "00:24:03", "end": "00:24:07", "text": "have grown up and sort of evolved as"}, {"start": "00:24:05", "end": "00:24:09", "text": "humans to understand. Um and so I do"}, {"start": "00:24:07", "end": "00:24:11", "text": "think there's this like really deep"}, {"start": "00:24:09", "end": "00:24:13", "text": "rooted muscle memory and I think the"}, {"start": "00:24:11", "end": "00:24:16", "text": "tension point will be given that"}, {"start": "00:24:13", "end": "00:24:20", "text": "extremely deep rooted muscle memory. Um,"}, {"start": "00:24:16", "end": "00:24:23", "text": "does it uh is that enough of a uh a"}, {"start": "00:24:20", "end": "00:24:26", "text": "sticking point that will like keep these"}, {"start": "00:24:23", "end": "00:24:28", "text": "vertical applications alive in a world"}, {"start": "00:24:26", "end": "00:24:30", "text": "where alive and thriving in a world"}, {"start": "00:24:28", "end": "00:24:32", "text": "where like the general purpose thing can"}, {"start": "00:24:30", "end": "00:24:34", "text": "actually do the same stuff. And so I"}, {"start": "00:24:32", "end": "00:24:36", "text": "think that will be the most interesting"}, {"start": "00:24:34", "end": "00:24:38", "text": "and this is where I think this like um"}, {"start": "00:24:36", "end": "00:24:40", "text": "you know what's the intersection of like"}, {"start": "00:24:38", "end": "00:24:41", "text": "AI and new hardware consumer hardware"}, {"start": "00:24:40", "end": "00:24:43", "text": "devices I think is going to be really"}, {"start": "00:24:41", "end": "00:24:45", "text": "interesting like as people change the"}, {"start": "00:24:43", "end": "00:24:47", "text": "way that they work with software and"}, {"start": "00:24:45", "end": "00:24:49", "text": "with technology like you imagine you"}, {"start": "00:24:47", "end": "00:24:50", "text": "will want like new form factors because"}, {"start": "00:24:49", "end": "00:24:53", "text": "the form factors we have right now are"}, {"start": "00:24:50", "end": "00:24:56", "text": "sort of a little bit more of these like"}, {"start": "00:24:53", "end": "00:24:58", "text": "verticalized experiences. Um I do think"}, {"start": "00:24:56", "end": "00:25:00", "text": "there's a separate edge of this which is"}, {"start": "00:24:58", "end": "00:25:02", "text": "and this is true in all these vertical"}, {"start": "00:25:00", "end": "00:25:04", "text": "domains like the vertical domains are"}, {"start": "00:25:02", "end": "00:25:07", "text": "successful also because somebody is"}, {"start": "00:25:04", "end": "00:25:08", "text": "focused. Um, and I I like deeply believe"}, {"start": "00:25:07", "end": "00:25:10", "text": "this like you know startups are always"}, {"start": "00:25:08", "end": "00:25:12", "text": "worried about like oh is the big company"}, {"start": "00:25:10", "end": "00:25:14", "text": "going to come after me? And it's like"}, {"start": "00:25:12", "end": "00:25:15", "text": "you can always do a better job than the"}, {"start": "00:25:14", "end": "00:25:18", "text": "big company with like very few"}, {"start": "00:25:15", "end": "00:25:21", "text": "exceptions because you're focused and"}, {"start": "00:25:18", "end": "00:25:23", "text": "more deep on some vertical that your"}, {"start": "00:25:21", "end": "00:25:25", "text": "problem that your customers have that"}, {"start": "00:25:23", "end": "00:25:27", "text": "like no one else is going after. Um, and"}, {"start": "00:25:25", "end": "00:25:30", "text": "so I do think it's like an edge to have"}, {"start": "00:25:27", "end": "00:25:31", "text": "that verticalness. Um, which is really"}, {"start": "00:25:30", "end": "00:25:32", "text": "interesting. And I think the other point"}, {"start": "00:25:31", "end": "00:25:33", "text": "that I wanted to make and I'm curious"}, {"start": "00:25:32", "end": "00:25:35", "text": "actually what you think about this. I"}, {"start": "00:25:33", "end": "00:25:37", "text": "think there's all this conversation of"}, {"start": "00:25:35", "end": "00:25:40", "text": "like general intelligence and something"}, {"start": "00:25:37", "end": "00:25:42", "text": "that's been like uh that's been very top"}, {"start": "00:25:40", "end": "00:25:44", "text": "of mind is I think the labs have"}, {"start": "00:25:42", "end": "00:25:47", "text": "historically described general"}, {"start": "00:25:44", "end": "00:25:50", "text": "intelligence as if like they would build"}, {"start": "00:25:47", "end": "00:25:52", "text": "the general intelligence themselves. Um"}, {"start": "00:25:50", "end": "00:25:55", "text": "and that like seemingly the general"}, {"start": "00:25:52", "end": "00:25:57", "text": "intelligence would then be powered by"}, {"start": "00:25:55", "end": "00:25:59", "text": "like end to end almost the models that"}, {"start": "00:25:57", "end": "00:26:00", "text": "one of these labs creates. I think"}, {"start": "00:25:59", "end": "00:26:02", "text": "there's something really interesting"}, {"start": "00:26:00", "end": "00:26:05", "text": "about this future where like if we"}, {"start": "00:26:02", "end": "00:26:07", "text": "really had general intelligence like you"}, {"start": "00:26:05", "end": "00:26:10", "text": "wouldn't expect that the general"}, {"start": "00:26:07", "end": "00:26:12", "text": "intelligence that Google creates is only"}, {"start": "00:26:10", "end": "00:26:13", "text": "using Google product services and"}, {"start": "00:26:12", "end": "00:26:15", "text": "models. You'd expect like hey if that's"}, {"start": "00:26:13", "end": "00:26:16", "text": "generally intelligent enough to know"}, {"start": "00:26:15", "end": "00:26:18", "text": "that like this other thing that some"}, {"start": "00:26:16", "end": "00:26:20", "text": "other company created can do something"}, {"start": "00:26:18", "end": "00:26:22", "text": "that our thing can't do or can do it"}, {"start": "00:26:20", "end": "00:26:24", "text": "better. Humans are generally intelligent"}, {"start": "00:26:22", "end": "00:26:26", "text": "enough to figure that out. And so I"}, {"start": "00:26:24", "end": "00:26:28", "text": "think it actually it's going to add a"}, {"start": "00:26:26", "end": "00:26:30", "text": "lot of I think um on this path to"}, {"start": "00:26:28", "end": "00:26:32", "text": "general intelligence as like the model"}, {"start": "00:26:30", "end": "00:26:33", "text": "labs go and continue down this"}, {"start": "00:26:32", "end": "00:26:36", "text": "direction. I think it's going to add a"}, {"start": "00:26:33", "end": "00:26:38", "text": "lot of like confusion to even like"}, {"start": "00:26:36", "end": "00:26:39", "text": "understand what that really ends up"}, {"start": "00:26:38", "end": "00:26:41", "text": "becoming because I think it's going to"}, {"start": "00:26:39", "end": "00:26:42", "text": "look a lot Yeah. It's going to look a"}, {"start": "00:26:41", "end": "00:26:44", "text": "lot more chaotic I think in how this"}, {"start": "00:26:42", "end": "00:26:46", "text": "like these general intelligence systems"}, {"start": "00:26:44", "end": "00:26:47", "text": "play out than I think this like"}, {"start": "00:26:46", "end": "00:26:49", "text": "beautiful vision of something that can"}, {"start": "00:26:47", "end": "00:26:50", "text": "just like do anything and everything for"}, {"start": "00:26:49", "end": "00:26:52", "text": "you."}, {"start": "00:26:50", "end": "00:26:53", "text": ">> It's interesting you talk about this. So"}, {"start": "00:26:52", "end": "00:26:54", "text": "before we talk about the general"}, {"start": "00:26:53", "end": "00:26:55", "text": "Antonio, let's talk about like a"}, {"start": "00:26:54", "end": "00:26:56", "text": "microcosm of this. And you know the"}, {"start": "00:26:55", "end": "00:26:57", "text": "problem that I've been thinking the most"}, {"start": "00:26:56", "end": "00:27:00", "text": "about for the last year and a half is"}, {"start": "00:26:57", "end": "00:27:01", "text": "Sylvia. But um for those that don't know"}, {"start": "00:27:00", "end": "00:27:02", "text": "the product, you basically come in, you"}, {"start": "00:27:01", "end": "00:27:04", "text": "attach your financial accounts, you put"}, {"start": "00:27:02", "end": "00:27:06", "text": "up your private investments and you"}, {"start": "00:27:04", "end": "00:27:07", "text": "start talking to Sylvia. But we have"}, {"start": "00:27:06", "end": "00:27:10", "text": "chosen to go specialized workflows and"}, {"start": "00:27:07", "end": "00:27:11", "text": "we have done a whole bunch of you know"}, {"start": "00:27:10", "end": "00:27:14", "text": "very innovative things I think in terms"}, {"start": "00:27:11", "end": "00:27:16", "text": "of the AI harness the uh memory and file"}, {"start": "00:27:14", "end": "00:27:19", "text": "system the model routers that you know"}, {"start": "00:27:16", "end": "00:27:22", "text": "uh fine-tuning etc. But if you take like"}, {"start": "00:27:19", "end": "00:27:24", "text": "the model router, one of the perceived"}, {"start": "00:27:22", "end": "00:27:26", "text": "advantages of not being a frontier lab"}, {"start": "00:27:24", "end": "00:27:29", "text": "is that you should be able to route"}, {"start": "00:27:26", "end": "00:27:32", "text": "queries to any of the model lab, you"}, {"start": "00:27:29", "end": "00:27:34", "text": "know, models, right? And so what are the"}, {"start": "00:27:32", "end": "00:27:37", "text": "odds that Google is going to route to"}, {"start": "00:27:34", "end": "00:27:40", "text": "open athropic? It's not zero, but it's"}, {"start": "00:27:37", "end": "00:27:41", "text": "not, you know, 90% either, right? And so"}, {"start": "00:27:40", "end": "00:27:44", "text": "same thing I think with each one of the"}, {"start": "00:27:41", "end": "00:27:46", "text": "labs is like what is the incentive for"}, {"start": "00:27:44", "end": "00:27:48", "text": "them to keep the queries within their"}, {"start": "00:27:46", "end": "00:27:50", "text": "family of models versus the ability to"}, {"start": "00:27:48", "end": "00:27:52", "text": "act more as like a third party and"}, {"start": "00:27:50", "end": "00:27:54", "text": "actually route across. I don't think"}, {"start": "00:27:52", "end": "00:27:56", "text": "we've really seen how everyone's going"}, {"start": "00:27:54", "end": "00:27:57", "text": "to play that. And so as a third party"}, {"start": "00:27:56", "end": "00:27:59", "text": "you're like well I don't really care"}, {"start": "00:27:57", "end": "00:28:00", "text": "right. I just want the best level of"}, {"start": "00:27:59", "end": "00:28:03", "text": "intelligence at the lowest cost that"}, {"start": "00:28:00", "end": "00:28:05", "text": "answers the question for you know our uh"}, {"start": "00:28:03", "end": "00:28:07", "text": "our user. And so I do think there's some"}, {"start": "00:28:05", "end": "00:28:08", "text": "of those things also where people are"}, {"start": "00:28:07", "end": "00:28:09", "text": "trying to figure out not just like, you"}, {"start": "00:28:08", "end": "00:28:12", "text": "know, if you then extrapolate this out"}, {"start": "00:28:09", "end": "00:28:14", "text": "to like general intelligence. The user"}, {"start": "00:28:12", "end": "00:28:16", "text": "doesn't care if it's a Google product or"}, {"start": "00:28:14", "end": "00:28:17", "text": "not. Maybe there's some like ethical or"}, {"start": "00:28:16", "end": "00:28:20", "text": "moral things that maybe they align more"}, {"start": "00:28:17", "end": "00:28:22", "text": "with, but for the most part, they just"}, {"start": "00:28:20", "end": "00:28:24", "text": "use a product cuz it's the best one. And"}, {"start": "00:28:22", "end": "00:28:26", "text": "is that going to actually be built by"}, {"start": "00:28:24", "end": "00:28:28", "text": "one company or is it going to be, you"}, {"start": "00:28:26", "end": "00:28:30", "text": "know, kind of a a bundling? I mean, you"}, {"start": "00:28:28", "end": "00:28:31", "text": "know, what's the saying is like the"}, {"start": "00:28:30", "end": "00:28:33", "text": "world is just bundling and unbundling"}, {"start": "00:28:31", "end": "00:28:37", "text": "over and over and over again."}, {"start": "00:28:33", "end": "00:28:39", "text": "And so, you know, it is a very um"}, {"start": "00:28:37", "end": "00:28:40", "text": "difficult thing to predict because I"}, {"start": "00:28:39", "end": "00:28:42", "text": "think we're so early in this journey"}, {"start": "00:28:40", "end": "00:28:44", "text": "that like every week's always got a new"}, {"start": "00:28:42", "end": "00:28:46", "text": "model that seemed to leapfrog everybody"}, {"start": "00:28:44", "end": "00:28:47", "text": "else and then you're trying to predict"}, {"start": "00:28:46", "end": "00:28:50", "text": "how consumers are going to interface"}, {"start": "00:28:47", "end": "00:28:53", "text": "with this stuff. And maybe like the last"}, {"start": "00:28:50", "end": "00:28:54", "text": "example I'll give is in my own life, I"}, {"start": "00:28:53", "end": "00:28:58", "text": "have been using for the last couple of"}, {"start": "00:28:54", "end": "00:29:00", "text": "weeks Grockbot professionally and"}, {"start": "00:28:58", "end": "00:29:02", "text": "instinct personally."}, {"start": "00:29:00", "end": "00:29:04", "text": "They actually do a lot of the same"}, {"start": "00:29:02", "end": "00:29:05", "text": "stuff. But to your point about like you"}, {"start": "00:29:04", "end": "00:29:07", "text": "get the cup for water and you know you"}, {"start": "00:29:05", "end": "00:29:09", "text": "get the fly swatter to to swat the fly"}, {"start": "00:29:07", "end": "00:29:11", "text": "like I just kind of have in my head you"}, {"start": "00:29:09", "end": "00:29:12", "text": "know okay instinct when I got a personal"}, {"start": "00:29:11", "end": "00:29:14", "text": "question and grock when I'm doing"}, {"start": "00:29:12", "end": "00:29:16", "text": "something professionally it's probably"}, {"start": "00:29:14", "end": "00:29:17", "text": "pretty dumb you know like from like if"}, {"start": "00:29:16", "end": "00:29:20", "text": "they do the same thing like why don't"}, {"start": "00:29:17", "end": "00:29:22", "text": "you just use the same product but it"}, {"start": "00:29:20", "end": "00:29:24", "text": "then goes to like okay well now you're"}, {"start": "00:29:22", "end": "00:29:27", "text": "starting to see four or five others come"}, {"start": "00:29:24", "end": "00:29:28", "text": "to market and as somebody who likes to"}, {"start": "00:29:27", "end": "00:29:30", "text": "be an early adopter like well I should"}, {"start": "00:29:28", "end": "00:29:32", "text": "try those but then what about the"}, {"start": "00:29:30", "end": "00:29:33", "text": "context what about the memory how do I"}, {"start": "00:29:32", "end": "00:29:35", "text": "import that over and and there's like"}, {"start": "00:29:33", "end": "00:29:37", "text": "this, you know, kind of like user"}, {"start": "00:29:35", "end": "00:29:39", "text": "journey we're all learning of is it"}, {"start": "00:29:37", "end": "00:29:41", "text": "worth the time to go try the new thing"}, {"start": "00:29:39", "end": "00:29:44", "text": "if I don't have some kind of shared"}, {"start": "00:29:41", "end": "00:29:45", "text": "memory or, you know, especially at"}, {"start": "00:29:44", "end": "00:29:47", "text": "network effects where like you're a wife"}, {"start": "00:29:45", "end": "00:29:48", "text": "and you have shared memory somewhere,"}, {"start": "00:29:47", "end": "00:29:51", "text": "then how do you interface with"}, {"start": "00:29:48", "end": "00:29:52", "text": "something? And so like it it's almost"}, {"start": "00:29:51", "end": "00:29:54", "text": "like more questions than answers right"}, {"start": "00:29:52", "end": "00:29:55", "text": "now. And I think that's probably why,"}, {"start": "00:29:54", "end": "00:29:57", "text": "you know, you and I and so many other"}, {"start": "00:29:55", "end": "00:29:58", "text": "people are so excited about this, right?"}, {"start": "00:29:57", "end": "00:30:00", "text": ">> Yeah. Yeah. No, I think you're right."}, {"start": "00:29:58", "end": "00:30:02", "text": "And I love this like the bundling and"}, {"start": "00:30:00", "end": "00:30:03", "text": "unbundling analogy because I think"}, {"start": "00:30:02", "end": "00:30:06", "text": "there's another version of this is like"}, {"start": "00:30:03", "end": "00:30:08", "text": "what's old is new again uh or what's new"}, {"start": "00:30:06", "end": "00:30:09", "text": "is old whatever the expression is. And"}, {"start": "00:30:08", "end": "00:30:11", "text": "like actually you see this with what"}, {"start": "00:30:09", "end": "00:30:14", "text": "what's so interesting about Crockpot and"}, {"start": "00:30:11", "end": "00:30:16", "text": "Instinct is like um this like form"}, {"start": "00:30:14", "end": "00:30:19", "text": "factors like the what's old from a form"}, {"start": "00:30:16", "end": "00:30:21", "text": "factor is now like message like chat was"}, {"start": "00:30:19", "end": "00:30:23", "text": "one of the original ones. you had all"}, {"start": "00:30:21", "end": "00:30:25", "text": "these like meh chat b thoughts like in"}, {"start": "00:30:23", "end": "00:30:26", "text": "the 80s and 90s or whatever it was and"}, {"start": "00:30:25", "end": "00:30:28", "text": "then like that came back and then boom"}, {"start": "00:30:26", "end": "00:30:30", "text": "all of a sudden what's old is new again."}, {"start": "00:30:28", "end": "00:30:32", "text": "Um and then the same thing is now true"}, {"start": "00:30:30", "end": "00:30:34", "text": "for messaging. It's like we all use all"}, {"start": "00:30:32", "end": "00:30:35", "text": "these messaging apps and then it's like"}, {"start": "00:30:34", "end": "00:30:37", "text": "now all of a sudden the hottest form"}, {"start": "00:30:35", "end": "00:30:38", "text": "factor for AI is like the messaging. And"}, {"start": "00:30:37", "end": "00:30:40", "text": "so I think it's an interesting exercise"}, {"start": "00:30:38", "end": "00:30:43", "text": "of like in actually in all of these"}, {"start": "00:30:40", "end": "00:30:44", "text": "domains. I think the reason people feel"}, {"start": "00:30:43", "end": "00:30:46", "text": "this way is because like they're"}, {"start": "00:30:44", "end": "00:30:49", "text": "accustomed to this experience. Getting"}, {"start": "00:30:46", "end": "00:30:52", "text": "some customer to like adapt to some"}, {"start": "00:30:49", "end": "00:30:54", "text": "futuristic new thing is like actually"}, {"start": "00:30:52", "end": "00:30:56", "text": "extremely difficult to do uh and takes a"}, {"start": "00:30:54", "end": "00:30:58", "text": "really long time. You want people to go"}, {"start": "00:30:56", "end": "00:31:00", "text": "to some form factor they're familiar"}, {"start": "00:30:58", "end": "00:31:02", "text": "with. Um, and so I think about this all"}, {"start": "00:31:00", "end": "00:31:04", "text": "the time. Um, for like how do you"}, {"start": "00:31:02", "end": "00:31:06", "text": "actually get consumers or users to go"}, {"start": "00:31:04", "end": "00:31:08", "text": "and adopt new technology is like you"}, {"start": "00:31:06", "end": "00:31:11", "text": "want to make it feel familiar. And I"}, {"start": "00:31:08", "end": "00:31:14", "text": "have this hypothesis that like messaging"}, {"start": "00:31:11", "end": "00:31:17", "text": "like in actual like chat apps like has"}, {"start": "00:31:14", "end": "00:31:19", "text": "it it seems so unlikely that that's not"}, {"start": "00:31:17", "end": "00:31:20", "text": "going to be the dominant form factor um"}, {"start": "00:31:19", "end": "00:31:22", "text": "a few years from now. Like it's"}, {"start": "00:31:20", "end": "00:31:23", "text": "surprising to me it hasn't been more"}, {"start": "00:31:22", "end": "00:31:25", "text": "dominant. And I think it's because"}, {"start": "00:31:23", "end": "00:31:28", "text": "actually the operating system like"}, {"start": "00:31:25", "end": "00:31:30", "text": "messaging app owners are like just at"}, {"start": "00:31:28", "end": "00:31:33", "text": "the cusp of this, but like you'd expect,"}, {"start": "00:31:30", "end": "00:31:35", "text": "you know, like Apple and Android and"}, {"start": "00:31:33", "end": "00:31:37", "text": "WhatsApp, etc. to like really lean into"}, {"start": "00:31:35", "end": "00:31:38", "text": "that form factor and they they already"}, {"start": "00:31:37", "end": "00:31:40", "text": "have where all the communication is"}, {"start": "00:31:38", "end": "00:31:43", "text": "happening and you throw some agents in"}, {"start": "00:31:40", "end": "00:31:45", "text": "there and like, you know, it it feels"}, {"start": "00:31:43", "end": "00:31:47", "text": "like it's a natural place."}, {"start": "00:31:45", "end": "00:31:49", "text": ">> It it does feel um like there could be"}, {"start": "00:31:47", "end": "00:31:50", "text": "some platformers. Now, I think that the"}, {"start": "00:31:49", "end": "00:31:52", "text": "people developing these products are"}, {"start": "00:31:50", "end": "00:31:54", "text": "obviously partnering with and trying to"}, {"start": "00:31:52", "end": "00:31:55", "text": "prevent that, but you know, if you wake"}, {"start": "00:31:54", "end": "00:31:56", "text": "up and you've got a chatbot that's very"}, {"start": "00:31:55", "end": "00:31:59", "text": "popular and all of a sudden you're"}, {"start": "00:31:56", "end": "00:32:01", "text": "blocked on Apple's system, that would be"}, {"start": "00:31:59", "end": "00:32:03", "text": "a big problem, right? And so, you know,"}, {"start": "00:32:01", "end": "00:32:04", "text": "I I don't know if that's really in"}, {"start": "00:32:03", "end": "00:32:05", "text": "Apple's best interest to do that stuff,"}, {"start": "00:32:04", "end": "00:32:07", "text": "but I do think that there's some folks"}, {"start": "00:32:05", "end": "00:32:09", "text": "who are kind of thinking through that."}, {"start": "00:32:07", "end": "00:32:11", "text": "The the other aspect though around um"}, {"start": "00:32:09", "end": "00:32:13", "text": "you know, the kind of the chat bots and"}, {"start": "00:32:11", "end": "00:32:14", "text": "the messaging, I do agree that it's an"}, {"start": "00:32:13", "end": "00:32:16", "text": "interface that we all are very"}, {"start": "00:32:14", "end": "00:32:19", "text": "comfortable with. you know, I use it on"}, {"start": "00:32:16", "end": "00:32:22", "text": "a daily basis uh with these bots, but I"}, {"start": "00:32:19", "end": "00:32:24", "text": "have not yet become a very big uh voice"}, {"start": "00:32:22", "end": "00:32:26", "text": "user and I have a lot of friends that"}, {"start": "00:32:24", "end": "00:32:27", "text": "are like voice pill, you know, they're"}, {"start": "00:32:26", "end": "00:32:28", "text": "walking around, they're like whispering"}, {"start": "00:32:27", "end": "00:32:30", "text": "in their in their microphones or"}, {"start": "00:32:28", "end": "00:32:32", "text": "whatever, sitting at their desk. Uh do"}, {"start": "00:32:30", "end": "00:32:34", "text": "you use voice or like what is like maybe"}, {"start": "00:32:32", "end": "00:32:36", "text": "the adoption if you had to predict it"}, {"start": "00:32:34", "end": "00:32:38", "text": "inside of like the AI team at Google in"}, {"start": "00:32:36", "end": "00:32:40", "text": "terms of people who are you know fat"}, {"start": "00:32:38", "end": "00:32:42", "text": "fingers on a keyboard versus using"}, {"start": "00:32:40", "end": "00:32:44", "text": "voice? That's a good question actually."}, {"start": "00:32:42", "end": "00:32:46", "text": "And I I I eb and flow between this."}, {"start": "00:32:44", "end": "00:32:48", "text": "There's like what actually what I found"}, {"start": "00:32:46", "end": "00:32:50", "text": "is like the best use case for me for"}, {"start": "00:32:48", "end": "00:32:51", "text": "voice is when I'm like doing some sort"}, {"start": "00:32:50", "end": "00:32:53", "text": "of demo in front of other people and"}, {"start": "00:32:51", "end": "00:32:55", "text": "that way I don't have to like fumble"}, {"start": "00:32:53", "end": "00:32:56", "text": "typing things and I I can't spell and"}, {"start": "00:32:55", "end": "00:32:58", "text": "all that stuff. And so [laughter] just"}, {"start": "00:32:56", "end": "00:32:59", "text": "voice like straight in is like way"}, {"start": "00:32:58", "end": "00:33:02", "text": "faster. It makes the point it's like"}, {"start": "00:32:59", "end": "00:33:05", "text": "much much more succinct. Um but there is"}, {"start": "00:33:02", "end": "00:33:07", "text": "something about uh I think it's a and"}, {"start": "00:33:05", "end": "00:33:09", "text": "I'm sure there's like good you know"}, {"start": "00:33:07", "end": "00:33:11", "text": "neuroscience research out there that"}, {"start": "00:33:09", "end": "00:33:14", "text": "explains this like I think it is like a"}, {"start": "00:33:11", "end": "00:33:16", "text": "people manifest thoughts in different"}, {"start": "00:33:14", "end": "00:33:18", "text": "ways and like the physical manifestation"}, {"start": "00:33:16", "end": "00:33:20", "text": "of thoughts either coming audibly or"}, {"start": "00:33:18", "end": "00:33:22", "text": "like through tactile typing or even"}, {"start": "00:33:20", "end": "00:33:25", "text": "writing like to me I feel like I have"}, {"start": "00:33:22", "end": "00:33:28", "text": "like different thoughts depending on the"}, {"start": "00:33:25", "end": "00:33:30", "text": "sort of expression form and so like the"}, {"start": "00:33:28", "end": "00:33:32", "text": "way that I I spend a lot of time talking"}, {"start": "00:33:30", "end": "00:33:33", "text": "and doing stuff at work and I spend less"}, {"start": "00:33:32", "end": "00:33:35", "text": "time writing sometimes and so it's like"}, {"start": "00:33:33", "end": "00:33:36", "text": "actually quite helpful for me to like"}, {"start": "00:33:35", "end": "00:33:38", "text": "pulls me into a different mode of"}, {"start": "00:33:36", "end": "00:33:40", "text": "thinking when I start to write just"}, {"start": "00:33:38", "end": "00:33:41", "text": "because of the form factor. Um and so I"}, {"start": "00:33:40", "end": "00:33:43", "text": "think we'll see actually more of that as"}, {"start": "00:33:41", "end": "00:33:46", "text": "well and that's I think the you know"}, {"start": "00:33:43", "end": "00:33:47", "text": "obviously people like audibly speaking"}, {"start": "00:33:46", "end": "00:33:49", "text": "and it's a helpful way to think through"}, {"start": "00:33:47", "end": "00:33:52", "text": "things as well. Um but I think we'll see"}, {"start": "00:33:49", "end": "00:33:54", "text": "the sort of buckets of these different"}, {"start": "00:33:52", "end": "00:33:57", "text": "types of thinking uh manifest from like"}, {"start": "00:33:54", "end": "00:33:58", "text": "how you interact with AI as well."}, {"start": "00:33:57", "end": "00:34:00", "text": ">> Yeah, it it is interesting. I think the"}, {"start": "00:33:58", "end": "00:34:02", "text": "science shows um the single best way to"}, {"start": "00:34:00", "end": "00:34:04", "text": "remember something is to physically"}, {"start": "00:34:02", "end": "00:34:06", "text": "write it down like with your hand. Next"}, {"start": "00:34:04", "end": "00:34:07", "text": "would be typing, right? And third is"}, {"start": "00:34:06", "end": "00:34:09", "text": "just kind of hear it and don't do"}, {"start": "00:34:07", "end": "00:34:11", "text": "anything. Um but maybe there is"}, {"start": "00:34:09", "end": "00:34:13", "text": "something about not just the memory but"}, {"start": "00:34:11", "end": "00:34:15", "text": "also the ideiation right you know we"}, {"start": "00:34:13", "end": "00:34:18", "text": "definitely know uh from science that"}, {"start": "00:34:15", "end": "00:34:21", "text": "walking outside kind of the the act of"}, {"start": "00:34:18", "end": "00:34:24", "text": "moving you know forward um does a lot of"}, {"start": "00:34:21", "end": "00:34:25", "text": "uh ideiation showering right you know"}, {"start": "00:34:24", "end": "00:34:26", "text": "there's many uh kind of examples"}, {"start": "00:34:25", "end": "00:34:28", "text": "throughout history of people who just"}, {"start": "00:34:26", "end": "00:34:30", "text": "went in the shower and thought of things"}, {"start": "00:34:28", "end": "00:34:32", "text": ">> shower twice a day for this reason it's"}, {"start": "00:34:30", "end": "00:34:34", "text": "not for hygiene it's it's just for I"}, {"start": "00:34:32", "end": "00:34:36", "text": "mean not tongue and cheek but uh"}, {"start": "00:34:34", "end": "00:34:38", "text": "sometimes honestly cuz like you do just"}, {"start": "00:34:36", "end": "00:34:40", "text": "have head space it's Right. Yeah. And"}, {"start": "00:34:38", "end": "00:34:42", "text": "and look, part of it is like are we just"}, {"start": "00:34:40", "end": "00:34:43", "text": "so all terminally online that just like"}, {"start": "00:34:42", "end": "00:34:45", "text": "the shower is the only place that the"}, {"start": "00:34:43", "end": "00:34:47", "text": "phone doesn't go or is it like there is"}, {"start": "00:34:45", "end": "00:34:48", "text": "something about, you know, even 50 years"}, {"start": "00:34:47", "end": "00:34:50", "text": "ago before people had, you know,"}, {"start": "00:34:48", "end": "00:34:52", "text": "supercomputers in their pocket. The"}, {"start": "00:34:50", "end": "00:34:54", "text": "shower did lead to new ideas, right?"}, {"start": "00:34:52", "end": "00:34:55", "text": ">> I think the shower was just cold 50"}, {"start": "00:34:54", "end": "00:34:58", "text": "years ago and so people were just being"}, {"start": "00:34:55", "end": "00:35:00", "text": "shocked and uh [laughter] and you know,"}, {"start": "00:34:58", "end": "00:35:02", "text": "having new ideas probably."}, {"start": "00:35:00", "end": "00:35:04", "text": ">> I love it. Um let's talk about DeepMind"}, {"start": "00:35:02", "end": "00:35:07", "text": "more specifically. you know, the work"}, {"start": "00:35:04", "end": "00:35:09", "text": "there obviously um has uh has been very"}, {"start": "00:35:07", "end": "00:35:11", "text": "broad for a very long time. Um we"}, {"start": "00:35:09", "end": "00:35:13", "text": "mentioned a little bit about the genome"}, {"start": "00:35:11", "end": "00:35:15", "text": "uh kind of project and the work that's"}, {"start": "00:35:13", "end": "00:35:17", "text": "being done there. I'm pretty surprised"}, {"start": "00:35:15", "end": "00:35:19", "text": "at just how large it is, but it still"}, {"start": "00:35:17", "end": "00:35:20", "text": "doesn't get maybe the respect that it"}, {"start": "00:35:19", "end": "00:35:23", "text": "deserves. Can you talk a little bit"}, {"start": "00:35:20", "end": "00:35:25", "text": "about some of what's going on there?"}, {"start": "00:35:23", "end": "00:35:27", "text": ">> Yeah. No, 100%. I think and I'm not an"}, {"start": "00:35:25", "end": "00:35:28", "text": "expert on all the science stuff that"}, {"start": "00:35:27", "end": "00:35:31", "text": "we're doing, but it's incredible to see"}, {"start": "00:35:28", "end": "00:35:34", "text": "the progress. I think across um the way"}, {"start": "00:35:31", "end": "00:35:35", "text": "that I would frame this is deep mine is"}, {"start": "00:35:34", "end": "00:35:37", "text": "split up in a couple of different ways."}, {"start": "00:35:35", "end": "00:35:39", "text": "There's sort of like foundational Gemini"}, {"start": "00:35:37", "end": "00:35:41", "text": "and there's like we want to make the"}, {"start": "00:35:39", "end": "00:35:43", "text": "best frontier model and a bunch of"}, {"start": "00:35:41", "end": "00:35:45", "text": "different sizes of that model and sort"}, {"start": "00:35:43", "end": "00:35:48", "text": "of all of the different modalities that"}, {"start": "00:35:45", "end": "00:35:49", "text": "work in mainline Gemini. Um and then"}, {"start": "00:35:48", "end": "00:35:51", "text": "there's a there's a whole science unit"}, {"start": "00:35:49", "end": "00:35:55", "text": "and inside the science unit there's"}, {"start": "00:35:51", "end": "00:35:57", "text": "everything from u the genome project a"}, {"start": "00:35:55", "end": "00:35:59", "text": "bunch of the alphafold stuff um there's"}, {"start": "00:35:57", "end": "00:36:01", "text": "a bunch of like science things related"}, {"start": "00:35:59", "end": "00:36:02", "text": "to like biology there's of a bunch of"}, {"start": "00:36:01", "end": "00:36:06", "text": "other science stuff related to like"}, {"start": "00:36:02", "end": "00:36:09", "text": "weather and mathematics um and that"}, {"start": "00:36:06", "end": "00:36:10", "text": "whole portfolio is like also at the"}, {"start": "00:36:09", "end": "00:36:12", "text": "frontier of doing all these really"}, {"start": "00:36:10", "end": "00:36:14", "text": "interesting problems that no one else is"}, {"start": "00:36:12", "end": "00:36:16", "text": "doing. Um and then has all these very"}, {"start": "00:36:14", "end": "00:36:19", "text": "unique collaborations actually with"}, {"start": "00:36:16", "end": "00:36:21", "text": "folks like Isomorphic Labs which is the"}, {"start": "00:36:19", "end": "00:36:23", "text": "um our sort of like drug discovery"}, {"start": "00:36:21", "end": "00:36:27", "text": "company inside of Google and DeepMind"}, {"start": "00:36:23", "end": "00:36:28", "text": "that Deis is the is the CEO of um and"}, {"start": "00:36:27", "end": "00:36:30", "text": "you know they do all these deep"}, {"start": "00:36:28", "end": "00:36:32", "text": "collaborations and so it's a really"}, {"start": "00:36:30", "end": "00:36:34", "text": "interesting way for them to like not"}, {"start": "00:36:32", "end": "00:36:36", "text": "only solve the problem and make progress"}, {"start": "00:36:34", "end": "00:36:37", "text": "on the problem from a foundational"}, {"start": "00:36:36", "end": "00:36:40", "text": "research perspective but then actually"}, {"start": "00:36:37", "end": "00:36:41", "text": "have like the applied side of it as"}, {"start": "00:36:40", "end": "00:36:44", "text": "well. And so I think it's this like"}, {"start": "00:36:41", "end": "00:36:45", "text": "unique flywheel that exists inside of"}, {"start": "00:36:44", "end": "00:36:47", "text": "Deep Mind itself where like we're"}, {"start": "00:36:45", "end": "00:36:49", "text": "creating a bunch of the frontier"}, {"start": "00:36:47", "end": "00:36:50", "text": "innovation. Um we're doing all this"}, {"start": "00:36:49", "end": "00:36:52", "text": "interesting science work and then it"}, {"start": "00:36:50", "end": "00:36:54", "text": "actually has an application. It's not"}, {"start": "00:36:52", "end": "00:36:55", "text": "like we're just doing it for the sake of"}, {"start": "00:36:54", "end": "00:36:59", "text": "doing it. And I think this was actually"}, {"start": "00:36:55", "end": "00:37:00", "text": "the lesson from um from Alphafold which"}, {"start": "00:36:59", "end": "00:37:02", "text": "was like hey we did all this really"}, {"start": "00:37:00", "end": "00:37:03", "text": "really interesting work. It was super"}, {"start": "00:37:02", "end": "00:37:06", "text": "interesting but we were actually doing"}, {"start": "00:37:03", "end": "00:37:08", "text": "it like to solve a scientific grand"}, {"start": "00:37:06", "end": "00:37:09", "text": "challenge less because like we had"}, {"start": "00:37:08", "end": "00:37:11", "text": "somewhere where it was an immediate"}, {"start": "00:37:09", "end": "00:37:12", "text": "commercial application of um but it's"}, {"start": "00:37:11", "end": "00:37:13", "text": "like it became very clear like hey"}, {"start": "00:37:12", "end": "00:37:15", "text": "there's all these commercial"}, {"start": "00:37:13", "end": "00:37:18", "text": "applications we're opening this up the"}, {"start": "00:37:15", "end": "00:37:20", "text": "scientists are all using it um and so I"}, {"start": "00:37:18", "end": "00:37:22", "text": "think the general philosophy is like do"}, {"start": "00:37:20", "end": "00:37:24", "text": "this frontier science work um across"}, {"start": "00:37:22", "end": "00:37:26", "text": "genome across weather etc and then"}, {"start": "00:37:24", "end": "00:37:28", "text": "actually have a place to apply it to"}, {"start": "00:37:26", "end": "00:37:30", "text": "inside of Google and then actually most"}, {"start": "00:37:28", "end": "00:37:32", "text": "interestingly take a bunch of the"}, {"start": "00:37:30", "end": "00:37:34", "text": "lessons and learning and data and other"}, {"start": "00:37:32", "end": "00:37:36", "text": "things and upstream those back into the"}, {"start": "00:37:34", "end": "00:37:38", "text": "mainline Gemini model because ultimately"}, {"start": "00:37:36", "end": "00:37:40", "text": "like the mainline Gemini model is going"}, {"start": "00:37:38", "end": "00:37:42", "text": "to become better at a bunch of those"}, {"start": "00:37:40", "end": "00:37:43", "text": "things than those individual domain"}, {"start": "00:37:42", "end": "00:37:45", "text": "specific models and so you need to make"}, {"start": "00:37:43", "end": "00:37:47", "text": "sure the flywheel also goes back to"}, {"start": "00:37:45", "end": "00:37:49", "text": "there and so that's why having it under"}, {"start": "00:37:47", "end": "00:37:50", "text": "like a single roof actually makes sense"}, {"start": "00:37:49", "end": "00:37:52", "text": "and we see the cross-pollination between"}, {"start": "00:37:50", "end": "00:37:54", "text": "these things we've seen historically"}, {"start": "00:37:52", "end": "00:37:58", "text": "like all of these interesting like alpha"}, {"start": "00:37:54", "end": "00:38:01", "text": "proof with mathematics um trickle back"}, {"start": "00:37:58", "end": "00:38:02", "text": "to directly increasing to reasoning ing"}, {"start": "00:38:01", "end": "00:38:04", "text": "capabilities of the model for"}, {"start": "00:38:02", "end": "00:38:06", "text": "mathematics in the mainline Gemini"}, {"start": "00:38:04", "end": "00:38:08", "text": "model. We've seen this for cyber now."}, {"start": "00:38:06", "end": "00:38:09", "text": "It's it's not an alpha project, but it's"}, {"start": "00:38:08", "end": "00:38:11", "text": "a similar domain where like cyber"}, {"start": "00:38:09", "end": "00:38:13", "text": "capabilities as we push the frontier on"}, {"start": "00:38:11", "end": "00:38:15", "text": "cyber directly correlate to like models"}, {"start": "00:38:13", "end": "00:38:17", "text": "having better coding capabilities. Um,"}, {"start": "00:38:15", "end": "00:38:19", "text": "and so there's all these other examples"}, {"start": "00:38:17", "end": "00:38:21", "text": "where like this flywheel spins and I'll"}, {"start": "00:38:19", "end": "00:38:23", "text": "make one comment which is I think people"}, {"start": "00:38:21", "end": "00:38:26", "text": "talk about the flywheels stuff like this"}, {"start": "00:38:23", "end": "00:38:29", "text": "as if it's like a magical thing that"}, {"start": "00:38:26", "end": "00:38:31", "text": "just like works. Um there is an immense"}, {"start": "00:38:29", "end": "00:38:33", "text": "amount of effort and energy that is"}, {"start": "00:38:31", "end": "00:38:35", "text": "required to actually this the flywheel"}, {"start": "00:38:33", "end": "00:38:37", "text": "does not like you don't spin it and then"}, {"start": "00:38:35", "end": "00:38:39", "text": "it's like a hamster wheel. It's like you"}, {"start": "00:38:37", "end": "00:38:41", "text": "are manually pulling it and like forcing"}, {"start": "00:38:39", "end": "00:38:43", "text": "it to work because like you know that"}, {"start": "00:38:41", "end": "00:38:46", "text": "the outcome is going to be great but"}, {"start": "00:38:43", "end": "00:38:48", "text": "like I have to remind myself this and"}, {"start": "00:38:46", "end": "00:38:50", "text": "our teams this internally because you"}, {"start": "00:38:48", "end": "00:38:51", "text": "think of this this magical thing that's"}, {"start": "00:38:50", "end": "00:38:53", "text": "always spinning and you just throw"}, {"start": "00:38:51", "end": "00:38:55", "text": "things into it. That's not how it works."}, {"start": "00:38:53", "end": "00:38:57", "text": "Um it's a lot of effort and energy to"}, {"start": "00:38:55", "end": "00:38:58", "text": "make the thing actually move. Today's"}, {"start": "00:38:57", "end": "00:39:00", "text": "episode is brought to you by Arch"}, {"start": "00:38:58", "end": "00:39:02", "text": "Public. Arch Public has just expanded"}, {"start": "00:39:00", "end": "00:39:04", "text": "its agentic trading platform beyond"}, {"start": "00:39:02", "end": "00:39:06", "text": "crypto. So, pay attention. This is a big"}, {"start": "00:39:04", "end": "00:39:08", "text": "one. Now, they are automating strategies"}, {"start": "00:39:06", "end": "00:39:09", "text": "across stocks, commodities, and ETFs."}, {"start": "00:39:08", "end": "00:39:11", "text": "And I think that this is going to be"}, {"start": "00:39:09", "end": "00:39:13", "text": "huge. 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It's exactly what"}, {"start": "00:39:39", "end": "00:39:42", "text": "every serious investor does."}, {"start": "00:39:41", "end": "00:39:44", "text": "Institutional grade automation that"}, {"start": "00:39:42", "end": "00:39:46", "text": "works across every major asset class."}, {"start": "00:39:44", "end": "00:39:48", "text": "There's no more emotional trading, no"}, {"start": "00:39:46", "end": "00:39:50", "text": "more missing tax opportunities, just"}, {"start": "00:39:48", "end": "00:39:53", "text": "smarter, hands-free execution of your"}, {"start": "00:39:50", "end": "00:39:55", "text": "preferred strategies. Go to archpub.com"}, {"start": "00:39:53", "end": "00:39:57", "text": "right now. Connect with our team, set up"}, {"start": "00:39:55", "end": "00:39:59", "text": "a time, bring your accountant if you'd"}, {"start": "00:39:57", "end": "00:40:02", "text": "like. Then you can learn what automated"}, {"start": "00:39:59", "end": "00:40:03", "text": "trading can do for you. archpub.com."}, {"start": "00:40:02", "end": "00:40:05", "text": "Today's episode is brought to you by"}, {"start": "00:40:03", "end": "00:40:07", "text": "Simple Mining. Bitcoin mining has a"}, {"start": "00:40:05", "end": "00:40:09", "text": "reputation for being complicated, risky,"}, {"start": "00:40:07", "end": "00:40:10", "text": "and hard to evaluate as a real"}, {"start": "00:40:09", "end": "00:40:13", "text": "investment. If you're considering mining"}, {"start": "00:40:10", "end": "00:40:15", "text": "in 2026, what actually matters isn't"}, {"start": "00:40:13", "end": "00:40:16", "text": "headline profitability. It's uptime,"}, {"start": "00:40:15", "end": "00:40:19", "text": "repairs, and whether the operation"}, {"start": "00:40:16", "end": "00:40:20", "text": "[music] is run like a real business."}, {"start": "00:40:19", "end": "00:40:22", "text": "That's why I've been using Simple"}, {"start": "00:40:20", "end": "00:40:24", "text": "Mining. They're based in Cedar Falls,"}, {"start": "00:40:22", "end": "00:40:26", "text": "Iowa, and they run a white glove hosting"}, {"start": "00:40:24", "end": "00:40:28", "text": "operation where you own your miners. You"}, {"start": "00:40:26", "end": "00:40:29", "text": "choose your own pool, and you have"}, {"start": "00:40:28", "end": "00:40:31", "text": "[music] Bitcoin sent directly to your"}, {"start": "00:40:29", "end": "00:40:33", "text": "wallet. 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[music] If mining margins get"}, {"start": "00:40:45", "end": "00:40:48", "text": "tight, you can pause with no penalties."}, {"start": "00:40:47", "end": "00:40:49", "text": "And if you want to resize or upgrade"}, {"start": "00:40:48", "end": "00:40:51", "text": "your fleet, there's a [music]"}, {"start": "00:40:49", "end": "00:40:53", "text": "marketplace to resell equipment instead"}, {"start": "00:40:51", "end": "00:40:54", "text": "of being stuck. To help people think it"}, {"start": "00:40:53", "end": "00:40:56", "text": "through whether mining actually makes"}, {"start": "00:40:54", "end": "00:40:58", "text": "sense right now, they put together a"}, {"start": "00:40:56", "end": "00:41:00", "text": "short resource called the [music] 2026"}, {"start": "00:40:58", "end": "00:41:01", "text": "Bitcoin mining blueprint. It walks"}, {"start": "00:41:00", "end": "00:41:03", "text": "through the five mistakes investors make"}, {"start": "00:41:01", "end": "00:41:05", "text": "when allocating to mining, and they also"}, {"start": "00:41:03", "end": "00:41:07", "text": "explain how to avoid [music] them before"}, {"start": "00:41:05", "end": "00:41:08", "text": "deploying capital. If it sounds"}, {"start": "00:41:07", "end": "00:41:11", "text": "interesting to you, you can get it for"}, {"start": "00:41:08", "end": "00:41:15", "text": "free at simplemining.io/p."}, {"start": "00:41:11", "end": "00:41:16", "text": "That's simplemining.io/p."}, {"start": "00:41:15", "end": "00:41:19", "text": "Go check it out today and see if you"}, {"start": "00:41:16", "end": "00:41:21", "text": "should get into the mining game."}, {"start": "00:41:19", "end": "00:41:23", "text": "It's funny like, uh, I thought AI was"}, {"start": "00:41:21", "end": "00:41:25", "text": "just going to solve all our problems. We"}, {"start": "00:41:23", "end": "00:41:27", "text": "would have no jobs. Um, you know, we"}, {"start": "00:41:25", "end": "00:41:29", "text": "just be like hanging out at the beach."}, {"start": "00:41:27", "end": "00:41:31", "text": "But, uh, I have said it over and over"}, {"start": "00:41:29", "end": "00:41:32", "text": "again. Every single person I know is"}, {"start": "00:41:31", "end": "00:41:34", "text": "working harder today than they've ever"}, {"start": "00:41:32", "end": "00:41:36", "text": "worked in their career. And a lot of"}, {"start": "00:41:34", "end": "00:41:37", "text": "that I think is just they feel like it's"}, {"start": "00:41:36", "end": "00:41:39", "text": "a big moment. You got to kind of"}, {"start": "00:41:37", "end": "00:41:41", "text": "accelerate to be able to uh to capture"}, {"start": "00:41:39", "end": "00:41:42", "text": "uh kind of your piece of it. But but at"}, {"start": "00:41:41", "end": "00:41:44", "text": "the same time I think that people are"}, {"start": "00:41:42", "end": "00:41:47", "text": "inspired right that there is this"}, {"start": "00:41:44", "end": "00:41:49", "text": "element of imagine if you can be part of"}, {"start": "00:41:47", "end": "00:41:50", "text": "a team that accomplishes you know XYZ"}, {"start": "00:41:49", "end": "00:41:53", "text": "thing and you know obviously Deep Mind"}, {"start": "00:41:50", "end": "00:41:55", "text": "is is a big part of that. Before we um"}, {"start": "00:41:53", "end": "00:41:57", "text": "before we let you go uh let's talk about"}, {"start": "00:41:55", "end": "00:41:59", "text": "is it kegle or Kaggle? How do you"}, {"start": "00:41:57", "end": "00:42:00", "text": "actually pronounce this?"}, {"start": "00:41:59", "end": "00:42:01", "text": ">> Kaggle. Kaggle."}, {"start": "00:42:00", "end": "00:42:03", "text": ">> Kaggle. All right. Well explain a little"}, {"start": "00:42:01", "end": "00:42:05", "text": "bit as to what it is. you're now running"}, {"start": "00:42:03", "end": "00:42:08", "text": "Kaggle um and maybe kind of like what"}, {"start": "00:42:05", "end": "00:42:11", "text": "your vision for uh for the product."}, {"start": "00:42:08", "end": "00:42:13", "text": ">> Yeah, I think what the the sort of um"}, {"start": "00:42:11", "end": "00:42:14", "text": "the perspect actually historical context"}, {"start": "00:42:13", "end": "00:42:17", "text": "Kaggle was sort of a startup Google"}, {"start": "00:42:14", "end": "00:42:18", "text": "acquired in I think 2016 or 2017. It's"}, {"start": "00:42:17", "end": "00:42:20", "text": "done a bunch of interesting stuff inside"}, {"start": "00:42:18", "end": "00:42:24", "text": "of Google. We sort of brought the team"}, {"start": "00:42:20", "end": "00:42:26", "text": "over um into uh to be part of my team"}, {"start": "00:42:24", "end": "00:42:29", "text": "earlier this year. And the sort of the"}, {"start": "00:42:26", "end": "00:42:31", "text": "basic hypothesis for this is like model"}, {"start": "00:42:29", "end": "00:42:34", "text": "progress itself and like this is like"}, {"start": "00:42:31", "end": "00:42:36", "text": "such a important point to underscore"}, {"start": "00:42:34", "end": "00:42:38", "text": "model progress is gated by our ability"}, {"start": "00:42:36", "end": "00:42:40", "text": "to measure progress. Like you cannot"}, {"start": "00:42:38", "end": "00:42:42", "text": "make progress on something that you"}, {"start": "00:42:40", "end": "00:42:44", "text": "aren't able to measure. And so actually"}, {"start": "00:42:42", "end": "00:42:46", "text": "as you see one of the most interesting"}, {"start": "00:42:44", "end": "00:42:49", "text": "things in the last like three or four"}, {"start": "00:42:46", "end": "00:42:50", "text": "weeks is like you look at fable 5.1 you"}, {"start": "00:42:49", "end": "00:42:53", "text": "look at Astra you look at hopefully"}, {"start": "00:42:50", "end": "00:42:55", "text": "Gemini 4 as it lands in the market. like"}, {"start": "00:42:53", "end": "00:42:57", "text": "these models are saturating all of the"}, {"start": "00:42:55", "end": "00:42:58", "text": "available benchmarks. And so now you"}, {"start": "00:42:57", "end": "00:43:00", "text": "sort of sit there and you're like, okay,"}, {"start": "00:42:58", "end": "00:43:02", "text": "well, where where do we go? Like we"}, {"start": "00:43:00", "end": "00:43:04", "text": "don't there isn't a bunch of problems"}, {"start": "00:43:02", "end": "00:43:06", "text": "that are difficult that sort of that we"}, {"start": "00:43:04", "end": "00:43:08", "text": "can actually measure and like"}, {"start": "00:43:06", "end": "00:43:10", "text": "scientifically continue to hill climb."}, {"start": "00:43:08", "end": "00:43:11", "text": "And so the mission for the for the"}, {"start": "00:43:10", "end": "00:43:13", "text": "Kaggle team and for building this"}, {"start": "00:43:11", "end": "00:43:15", "text": "platform is like we want to build the"}, {"start": "00:43:13", "end": "00:43:17", "text": "most open benchmark and evaluation"}, {"start": "00:43:15", "end": "00:43:20", "text": "platform in the world so that people can"}, {"start": "00:43:17", "end": "00:43:21", "text": "come together and collaborate on um on"}, {"start": "00:43:20", "end": "00:43:24", "text": "like all of these extremely difficult"}, {"start": "00:43:21", "end": "00:43:26", "text": "frontier benchmarks and challenges and"}, {"start": "00:43:24", "end": "00:43:28", "text": "competitions so that we can actually see"}, {"start": "00:43:26", "end": "00:43:31", "text": "difficult problems that models can't yet"}, {"start": "00:43:28", "end": "00:43:33", "text": "have not yet saturated and we know what"}, {"start": "00:43:31", "end": "00:43:35", "text": "we can actually measure. Um, and I think"}, {"start": "00:43:33", "end": "00:43:37", "text": "there's like a bunch of nuance bits of"}, {"start": "00:43:35", "end": "00:43:39", "text": "this, like"}, {"start": "00:43:37", "end": "00:43:41", "text": "the the everyday, and I I say the"}, {"start": "00:43:39", "end": "00:43:42", "text": "everyday person in quotes because like"}, {"start": "00:43:41", "end": "00:43:44", "text": "I'm sure the everyday person is not"}, {"start": "00:43:42", "end": "00:43:46", "text": "going to, but like people who care about"}, {"start": "00:43:44", "end": "00:43:48", "text": "this technology being able to show up on"}, {"start": "00:43:46", "end": "00:43:51", "text": "a platform and have a voice in like and"}, {"start": "00:43:48", "end": "00:43:53", "text": "a say in, you know, how are we measuring"}, {"start": "00:43:51", "end": "00:43:54", "text": "progress towards AGI? What are the"}, {"start": "00:43:53", "end": "00:43:56", "text": "things that we should care about? What"}, {"start": "00:43:54", "end": "00:43:58", "text": "are the types of tasks and benchmarks"}, {"start": "00:43:56", "end": "00:44:00", "text": "that like actually prove these things?"}, {"start": "00:43:58", "end": "00:44:02", "text": "What are the for my for a company? What"}, {"start": "00:44:00", "end": "00:44:04", "text": "are the things that you as a company"}, {"start": "00:44:02", "end": "00:44:07", "text": "building Sylvia actually care about?"}, {"start": "00:44:04", "end": "00:44:09", "text": "What are the capabilities you wish you"}, {"start": "00:44:07", "end": "00:44:12", "text": "had in a model that would unlock"}, {"start": "00:44:09", "end": "00:44:14", "text": "entirely new sectors, entirely new"}, {"start": "00:44:12", "end": "00:44:17", "text": "geographies, entirely new use cases for"}, {"start": "00:44:14", "end": "00:44:19", "text": "your customers. Um, and having a place"}, {"start": "00:44:17", "end": "00:44:22", "text": "where you can articulate that in a way"}, {"start": "00:44:19", "end": "00:44:26", "text": "that this is my I had this epiphany a"}, {"start": "00:44:22", "end": "00:44:28", "text": "year and a half ago where I sat in years"}, {"start": "00:44:26", "end": "00:44:30", "text": "of like customer conversations where"}, {"start": "00:44:28", "end": "00:44:31", "text": "sort of you would take a customer and"}, {"start": "00:44:30", "end": "00:44:33", "text": "they'd say, \"Hey, I wish the models"}, {"start": "00:44:31", "end": "00:44:35", "text": "could do this and here's an example of"}, {"start": "00:44:33", "end": "00:44:37", "text": "that.\" And then you'd see a researcher"}, {"start": "00:44:35", "end": "00:44:41", "text": "sort of, you know, with a blank stare"}, {"start": "00:44:37", "end": "00:44:44", "text": "because like it's the the the work to"}, {"start": "00:44:41", "end": "00:44:46", "text": "translate sort of one anecdotal example"}, {"start": "00:44:44", "end": "00:44:48", "text": "into something that like an AI"}, {"start": "00:44:46", "end": "00:44:50", "text": "researcher can actually take action on"}, {"start": "00:44:48", "end": "00:44:51", "text": "is like it's on two ends of the"}, {"start": "00:44:50", "end": "00:44:53", "text": "spectrum. It's impossible. It's not it's"}, {"start": "00:44:51", "end": "00:44:55", "text": "not capable. And so you have all this"}, {"start": "00:44:53", "end": "00:44:56", "text": "great feedback coming in from customers"}, {"start": "00:44:55", "end": "00:44:58", "text": "and you can't take action on it from a"}, {"start": "00:44:56", "end": "00:45:01", "text": "model perspective. And so the exercise"}, {"start": "00:44:58", "end": "00:45:03", "text": "is like how do you get people to speak"}, {"start": "00:45:01", "end": "00:45:05", "text": "the same language? the language that the"}, {"start": "00:45:03", "end": "00:45:06", "text": "researchers speak, the language of model"}, {"start": "00:45:05", "end": "00:45:08", "text": "improvement is in the form of"}, {"start": "00:45:06", "end": "00:45:10", "text": "benchmarks. You need to be able to"}, {"start": "00:45:08", "end": "00:45:13", "text": "measure something to make like"}, {"start": "00:45:10", "end": "00:45:16", "text": "scientifically rigorous progress on it."}, {"start": "00:45:13", "end": "00:45:18", "text": "Um, and I think the world is like slowly"}, {"start": "00:45:16", "end": "00:45:19", "text": "starting to wake up to this fact. Um,"}, {"start": "00:45:18", "end": "00:45:21", "text": "and I want to help accelerate this"}, {"start": "00:45:19", "end": "00:45:24", "text": "because like progress is bounded by our"}, {"start": "00:45:21", "end": "00:45:26", "text": "ability to measure progress. Um, and so"}, {"start": "00:45:24", "end": "00:45:27", "text": "yeah, excited. We're like definitely in"}, {"start": "00:45:26", "end": "00:45:29", "text": "the early stages of this. We'll have"}, {"start": "00:45:27", "end": "00:45:31", "text": "lots more stuff to share soon, but uh"}, {"start": "00:45:29", "end": "00:45:33", "text": "trying to get the world building more"}, {"start": "00:45:31", "end": "00:45:34", "text": "benchmarks uh so that we can make"}, {"start": "00:45:33", "end": "00:45:36", "text": "progress for the stuff that like real"}, {"start": "00:45:34", "end": "00:45:38", "text": "people actually care about, not like a"}, {"start": "00:45:36", "end": "00:45:39", "text": "bunch of academic stuff that people"}, {"start": "00:45:38", "end": "00:45:41", "text": "don't care about, but like use cases"}, {"start": "00:45:39", "end": "00:45:43", "text": "that like you personally and your"}, {"start": "00:45:41", "end": "00:45:45", "text": "company have and every other startup and"}, {"start": "00:45:43", "end": "00:45:47", "text": "company has um is really important. I"}, {"start": "00:45:45", "end": "00:45:49", "text": "think this is like one of the problems"}, {"start": "00:45:47", "end": "00:45:50", "text": "of the of the decade. We"}, {"start": "00:45:49", "end": "00:45:51", "text": ">> we were talking earlier about, you know,"}, {"start": "00:45:50", "end": "00:45:53", "text": "one of the things that we've been"}, {"start": "00:45:51", "end": "00:45:55", "text": "talking internally quite a bit about"}, {"start": "00:45:53", "end": "00:45:56", "text": "that uh I still don't have an answer"}, {"start": "00:45:55", "end": "00:45:57", "text": "for. I don't know if anyone does, but"}, {"start": "00:45:56", "end": "00:46:00", "text": "when you look at these benchmarks, you"}, {"start": "00:45:57", "end": "00:46:02", "text": "know, uh you may see on a scale of 1 to"}, {"start": "00:46:00", "end": "00:46:05", "text": "100, uh somebody comes in at 82 and"}, {"start": "00:46:02", "end": "00:46:06", "text": "somebody comes in at 78. And you're"}, {"start": "00:46:05", "end": "00:46:08", "text": "like, \"All right, well, I know 82 is a"}, {"start": "00:46:06", "end": "00:46:10", "text": "higher number than 78, so like they're"}, {"start": "00:46:08", "end": "00:46:13", "text": "quote unquote better, but to the naked"}, {"start": "00:46:10", "end": "00:46:16", "text": "eye, does that actually a difference"}, {"start": "00:46:13", "end": "00:46:17", "text": "that the human user can even tell? You"}, {"start": "00:46:16", "end": "00:46:18", "text": "know, what does that mean? The four"}, {"start": "00:46:17", "end": "00:46:20", "text": "percentage points, it's kind of like a"}, {"start": "00:46:18", "end": "00:46:23", "text": "benchmark we invented, right? And like,"}, {"start": "00:46:20", "end": "00:46:25", "text": "is it real? Is it not? Is it noticeable?"}, {"start": "00:46:23", "end": "00:46:28", "text": "does it improve accuracy or or like"}, {"start": "00:46:25", "end": "00:46:30", "text": "whatever the thing is and to me you know"}, {"start": "00:46:28", "end": "00:46:32", "text": "the work you guys are doing there but"}, {"start": "00:46:30", "end": "00:46:34", "text": "but just more broadly as an industry 10"}, {"start": "00:46:32", "end": "00:46:36", "text": "years from now we'll probably have an"}, {"start": "00:46:34", "end": "00:46:38", "text": "excellent answer we'll be like"}, {"start": "00:46:36", "end": "00:46:40", "text": "pump I think the nuance to this and this"}, {"start": "00:46:38", "end": "00:46:42", "text": "is this is why the building the platform"}, {"start": "00:46:40", "end": "00:46:46", "text": "and the transparency matter so much"}, {"start": "00:46:42", "end": "00:46:48", "text": "because all of the detail is in exactly"}, {"start": "00:46:46", "end": "00:46:49", "text": "what are the four tasks that are"}, {"start": "00:46:48", "end": "00:46:51", "text": "different between those things and so"}, {"start": "00:46:49", "end": "00:46:53", "text": "here's a great example of this like if"}, {"start": "00:46:51", "end": "00:46:55", "text": "you haven't spent any time looking at"}, {"start": "00:46:53", "end": "00:46:57", "text": "benchmarks before. Like you the more"}, {"start": "00:46:55", "end": "00:46:59", "text": "time you spend, the more you realize the"}, {"start": "00:46:57", "end": "00:47:00", "text": "things that we're measuring quality on"}, {"start": "00:46:59", "end": "00:47:03", "text": "and the things that people are talking"}, {"start": "00:47:00", "end": "00:47:04", "text": "about are crazy. Like none of it"}, {"start": "00:47:03", "end": "00:47:08", "text": "makes sense. Like for example, and"}, {"start": "00:47:04", "end": "00:47:09", "text": "here's like one specific example. Um"}, {"start": "00:47:08", "end": "00:47:11", "text": "there's some of these new coding"}, {"start": "00:47:09", "end": "00:47:13", "text": "benchmarks, and I won't name names"}, {"start": "00:47:11", "end": "00:47:15", "text": "because I it's I said that's crazy and I"}, {"start": "00:47:13", "end": "00:47:16", "text": "don't want to uh disparage these folks"}, {"start": "00:47:15", "end": "00:47:17", "text": "because I think they're doing a"}, {"start": "00:47:16", "end": "00:47:22", "text": "reasonable job. But like some of the new"}, {"start": "00:47:17", "end": "00:47:24", "text": "coding benchmarks have like 6% of tasks"}, {"start": "00:47:22", "end": "00:47:28", "text": "on like a programming language called"}, {"start": "00:47:24", "end": "00:47:29", "text": "Zigg uh Zig. Nobody's ever heard of Zigg"}, {"start": "00:47:28", "end": "00:47:32", "text": "before. This is not a programming"}, {"start": "00:47:29", "end": "00:47:34", "text": "language that any engineer at any"}, {"start": "00:47:32", "end": "00:47:36", "text": "company is actually using. I'm sure some"}, {"start": "00:47:34", "end": "00:47:39", "text": "people are using it, but like the 6%"}, {"start": "00:47:36", "end": "00:47:41", "text": "difference could be like the quality on"}, {"start": "00:47:39", "end": "00:47:43", "text": "Zigg and like maybe some model happened"}, {"start": "00:47:41", "end": "00:47:45", "text": "to get access to some data and whatever"}, {"start": "00:47:43", "end": "00:47:48", "text": "this language is, but like that doesn't"}, {"start": "00:47:45", "end": "00:47:49", "text": "matter for 99.9% of startups. Nobody"}, {"start": "00:47:48", "end": "00:47:50", "text": "cares about this thing. And I'm sure"}, {"start": "00:47:49", "end": "00:47:53", "text": "they have a good reason for including"}, {"start": "00:47:50", "end": "00:47:56", "text": "that data. But like being able to do"}, {"start": "00:47:53", "end": "00:47:58", "text": "this like introspection of like not just"}, {"start": "00:47:56", "end": "00:47:59", "text": "there's five percentage points"}, {"start": "00:47:58", "end": "00:48:01", "text": "difference between these two models, but"}, {"start": "00:47:59", "end": "00:48:03", "text": "like why is there a five percentage"}, {"start": "00:48:01", "end": "00:48:05", "text": "point? Does that actually matter for me"}, {"start": "00:48:03", "end": "00:48:06", "text": "as a business, for me as a developer,"}, {"start": "00:48:05", "end": "00:48:08", "text": "for me as a user of this model? I think"}, {"start": "00:48:06", "end": "00:48:10", "text": "it's the whole game. And like the"}, {"start": "00:48:08", "end": "00:48:12", "text": "products and services and like even the"}, {"start": "00:48:10", "end": "00:48:14", "text": "benchros themselves don't do this right"}, {"start": "00:48:12", "end": "00:48:17", "text": "now. They sort of show as in this this"}, {"start": "00:48:14", "end": "00:48:19", "text": "empirical thing that you know your 75%"}, {"start": "00:48:17", "end": "00:48:21", "text": "should be the same way that I perceive"}, {"start": "00:48:19", "end": "00:48:23", "text": "75% which is completely not true. Um and"}, {"start": "00:48:21", "end": "00:48:24", "text": "so I think it's like a fundamental"}, {"start": "00:48:23", "end": "00:48:25", "text": "problem with the way that things are set"}, {"start": "00:48:24", "end": "00:48:27", "text": "up right now."}, {"start": "00:48:25", "end": "00:48:29", "text": ">> It does feel like on one hand uh"}, {"start": "00:48:27", "end": "00:48:30", "text": "personalized benchmarks are going to"}, {"start": "00:48:29", "end": "00:48:31", "text": "become a thing. Yeah. I don't know how"}, {"start": "00:48:30", "end": "00:48:33", "text": "somebody smarter than me will figure"}, {"start": "00:48:31", "end": "00:48:34", "text": "that out, but like that obviously is"}, {"start": "00:48:33", "end": "00:48:35", "text": "going to be, you know, important,"}, {"start": "00:48:34", "end": "00:48:37", "text": "especially for businesses that are kind"}, {"start": "00:48:35", "end": "00:48:39", "text": "of like, hey, here's my specific, uh,"}, {"start": "00:48:37", "end": "00:48:41", "text": "ramifications. Um, the second thing"}, {"start": "00:48:39", "end": "00:48:44", "text": "though is, uh, we came out, um, at"}, {"start": "00:48:41", "end": "00:48:46", "text": "Sylvia and we showed that a lot of the"}, {"start": "00:48:44", "end": "00:48:49", "text": "harness work and and, uh, things that we"}, {"start": "00:48:46", "end": "00:48:51", "text": "had done made the Sylvia product more"}, {"start": "00:48:49", "end": "00:48:53", "text": "accurate than the Frontier Labs at"}, {"start": "00:48:51", "end": "00:48:55", "text": "answering tax related questions. And to"}, {"start": "00:48:53", "end": "00:48:58", "text": "me, I'm like, you know, more"}, {"start": "00:48:55", "end": "00:49:00", "text": "businessminded, not as technical as as"}, {"start": "00:48:58", "end": "00:49:02", "text": "the engineering team. I'm like great you"}, {"start": "00:49:00", "end": "00:49:04", "text": "know we we we are higher we are better"}, {"start": "00:49:02", "end": "00:49:05", "text": "we are more accurate you know etc and"}, {"start": "00:49:04", "end": "00:49:09", "text": "immediately the engineering team was"}, {"start": "00:49:05", "end": "00:49:10", "text": "like we better publish the eval the you"}, {"start": "00:49:09", "end": "00:49:12", "text": "know the rubric we better publish the"}, {"start": "00:49:10", "end": "00:49:14", "text": "user parameters like there was this"}, {"start": "00:49:12", "end": "00:49:17", "text": "entire effort as to like how much can we"}, {"start": "00:49:14", "end": "00:49:19", "text": "publish o and open source without"}, {"start": "00:49:17", "end": "00:49:20", "text": "actually giving away things that would"}, {"start": "00:49:19", "end": "00:49:22", "text": "be considered you know kind of very"}, {"start": "00:49:20", "end": "00:49:24", "text": "important IP related you know type"}, {"start": "00:49:22", "end": "00:49:26", "text": "things and we went through a strategic"}, {"start": "00:49:24", "end": "00:49:28", "text": "you know kind of debate internally as to"}, {"start": "00:49:26", "end": "00:49:30", "text": "like there was definitely some stuff"}, {"start": "00:49:28", "end": "00:49:31", "text": "that we published that we could have not"}, {"start": "00:49:30", "end": "00:49:33", "text": "published and it would have maybe given"}, {"start": "00:49:31", "end": "00:49:34", "text": "us a little bit more of an advantage."}, {"start": "00:49:33", "end": "00:49:36", "text": "But it was like if you're not a frontier"}, {"start": "00:49:34", "end": "00:49:37", "text": "model and you come out and you say that"}, {"start": "00:49:36", "end": "00:49:39", "text": "you're, you know, more accurate on"}, {"start": "00:49:37", "end": "00:49:41", "text": "something, you almost have to like open"}, {"start": "00:49:39", "end": "00:49:44", "text": "source more to let people validate it"}, {"start": "00:49:41", "end": "00:49:47", "text": "themselves. And so I do think that um if"}, {"start": "00:49:44", "end": "00:49:49", "text": "you're a frontier model like you kind of"}, {"start": "00:49:47", "end": "00:49:50", "text": "don't care if people believe you or not"}, {"start": "00:49:49", "end": "00:49:52", "text": "because you're just like, you know,"}, {"start": "00:49:50", "end": "00:49:54", "text": "here's the evals, whatever, but the"}, {"start": "00:49:52", "end": "00:49:56", "text": "users care, right? Like the kind of what"}, {"start": "00:49:54", "end": "00:49:57", "text": "you're talking about, I think, is a is a"}, {"start": "00:49:56", "end": "00:49:59", "text": "different situation. And so it's less"}, {"start": "00:49:57", "end": "00:50:01", "text": "the academic application for you know"}, {"start": "00:49:59", "end": "00:50:03", "text": "who's got the best model and it's more"}, {"start": "00:50:01", "end": "00:50:04", "text": "about like I am a business or I'm a user"}, {"start": "00:50:03", "end": "00:50:05", "text": "and I'm trying to evaluate which one of"}, {"start": "00:50:04", "end": "00:50:07", "text": "these things I should use for my"}, {"start": "00:50:05", "end": "00:50:09", "text": "specific use case. I mean the"}, {"start": "00:50:07", "end": "00:50:11", "text": "benchmarking industry is going to be you"}, {"start": "00:50:09", "end": "00:50:12", "text": "know significantly bigger than it is"}, {"start": "00:50:11", "end": "00:50:14", "text": "today. And you know obviously you guys"}, {"start": "00:50:12", "end": "00:50:15", "text": "have kind of a lead there in in what"}, {"start": "00:50:14", "end": "00:50:17", "text": "you're doing."}, {"start": "00:50:15", "end": "00:50:18", "text": ">> Yeah. Same thing with the data industry."}, {"start": "00:50:17", "end": "00:50:21", "text": "That's what's most interesting is all"}, {"start": "00:50:18", "end": "00:50:22", "text": "this this data moment is and I we don't"}, {"start": "00:50:21", "end": "00:50:25", "text": "need to talk deeply about it but like"}, {"start": "00:50:22", "end": "00:50:26", "text": "it's having this like crazy I'm sure"}, {"start": "00:50:25", "end": "00:50:28", "text": "you're seeing this on the startup side."}, {"start": "00:50:26", "end": "00:50:30", "text": "this just like absolutely ridiculous."}, {"start": "00:50:28", "end": "00:50:33", "text": "And I think the framing of this is like"}, {"start": "00:50:30", "end": "00:50:35", "text": "2023 the question was like does the"}, {"start": "00:50:33", "end": "00:50:37", "text": "recipe work? Do we have the recipe to"}, {"start": "00:50:35", "end": "00:50:39", "text": "get to general intelligence to get to"}, {"start": "00:50:37", "end": "00:50:42", "text": "this sort of like AGI thing in the"}, {"start": "00:50:39", "end": "00:50:43", "text": "future? Um and I think we derisk the"}, {"start": "00:50:42", "end": "00:50:45", "text": "recipe and we've made a few tweaks over"}, {"start": "00:50:43", "end": "00:50:46", "text": "the last few years but like generally"}, {"start": "00:50:45", "end": "00:50:48", "text": "derisk the recipe. Then it was obvious"}, {"start": "00:50:46", "end": "00:50:50", "text": "like oh there's not enough comput"}, {"start": "00:50:48", "end": "00:50:51", "text": "in the world. Let's blast hundreds of"}, {"start": "00:50:50", "end": "00:50:53", "text": "billions of dollars into getting compute"}, {"start": "00:50:51", "end": "00:50:55", "text": "online. Um that is the going to be the"}, {"start": "00:50:53", "end": "00:50:58", "text": "blocker and and sort of like to keep"}, {"start": "00:50:55", "end": "00:50:59", "text": "scaling up. we need more compute etc etc"}, {"start": "00:50:58", "end": "00:51:01", "text": "all the all the labs have now done that"}, {"start": "00:50:59", "end": "00:51:02", "text": "we now have enough compute it's coming"}, {"start": "00:51:01", "end": "00:51:04", "text": "online there'll be further investment"}, {"start": "00:51:02", "end": "00:51:06", "text": "but like generally people know that"}, {"start": "00:51:04", "end": "00:51:08", "text": "that's something that needs to be solved"}, {"start": "00:51:06", "end": "00:51:09", "text": "it's now all data bound like the data to"}, {"start": "00:51:08", "end": "00:51:11", "text": "make progress on the model does not"}, {"start": "00:51:09", "end": "00:51:14", "text": "exist in the world like it is data that"}, {"start": "00:51:11", "end": "00:51:17", "text": "has to actually be created net new that"}, {"start": "00:51:14", "end": "00:51:19", "text": "doesn't exist or is coming from like"}, {"start": "00:51:17", "end": "00:51:21", "text": "even startups uh I think there's like a"}, {"start": "00:51:19", "end": "00:51:22", "text": "huge like wave of like startups that are"}, {"start": "00:51:21", "end": "00:51:24", "text": "going into these like exclusive data"}, {"start": "00:51:22", "end": "00:51:27", "text": "licensing agreements with like data"}, {"start": "00:51:24", "end": "00:51:28", "text": "providers or model labs and like the PE,"}, {"start": "00:51:27", "end": "00:51:30", "text": "you know, if you want to make progress,"}, {"start": "00:51:28", "end": "00:51:33", "text": "it's all data bound. Um, and so it's"}, {"start": "00:51:30", "end": "00:51:35", "text": "like this like data business is very"}, {"start": "00:51:33", "end": "00:51:38", "text": "tied to this benchmark ecosystem is like"}, {"start": "00:51:35", "end": "00:51:40", "text": "very tied to ultimately model progress"}, {"start": "00:51:38", "end": "00:51:42", "text": "at the end of the day. Um, and so it's"}, {"start": "00:51:40", "end": "00:51:45", "text": "very interesting to see like how quickly"}, {"start": "00:51:42", "end": "00:51:50", "text": "these things are like spiking uh up and"}, {"start": "00:51:45", "end": "00:51:52", "text": "to the right. I um am very biased, but"}, {"start": "00:51:50", "end": "00:51:54", "text": "uh I'm an investor in Micro One. I think"}, {"start": "00:51:52", "end": "00:51:56", "text": "they've done a fantastic job on the data"}, {"start": "00:51:54", "end": "00:51:58", "text": "side. Um, but I'm also an investor in a"}, {"start": "00:51:56", "end": "00:52:00", "text": "company called Sunset. Um, and Sunset"}, {"start": "00:51:58", "end": "00:52:03", "text": "uh, they started out as a company to"}, {"start": "00:52:00", "end": "00:52:05", "text": "help other companies shut down. So, if"}, {"start": "00:52:03", "end": "00:52:06", "text": "you have a startup, it doesn't work,"}, {"start": "00:52:05", "end": "00:52:08", "text": "it's a pain in the ass, right? Like you"}, {"start": "00:52:06", "end": "00:52:09", "text": "got to get the lawyers involved. You got"}, {"start": "00:52:08", "end": "00:52:10", "text": "to figure out how do I save as much"}, {"start": "00:52:09", "end": "00:52:11", "text": "money as possible to get back to"}, {"start": "00:52:10", "end": "00:52:13", "text": "investors, but I also have like, you"}, {"start": "00:52:11", "end": "00:52:15", "text": "know, kind of a responsible way to wind"}, {"start": "00:52:13", "end": "00:52:16", "text": "down. And that's where they started."}, {"start": "00:52:15", "end": "00:52:18", "text": "They I don't even know if they could"}, {"start": "00:52:16", "end": "00:52:20", "text": "spell AI at the time. I love them, but"}, {"start": "00:52:18", "end": "00:52:22", "text": "you know, that was not their focus."}, {"start": "00:52:20", "end": "00:52:25", "text": "Well, all of a sudden they realize like"}, {"start": "00:52:22", "end": "00:52:26", "text": "there is a unmonetized asset that these"}, {"start": "00:52:25", "end": "00:52:28", "text": "companies have which is like all the"}, {"start": "00:52:26", "end": "00:52:30", "text": "Slack messages in Google Drive, you"}, {"start": "00:52:28", "end": "00:52:32", "text": "know, just like the the corporate data"}, {"start": "00:52:30", "end": "00:52:35", "text": "and could they basically at the point of"}, {"start": "00:52:32", "end": "00:52:36", "text": "shutdown buy that data from the company"}, {"start": "00:52:35", "end": "00:52:38", "text": "which creates a new asset that then can"}, {"start": "00:52:36", "end": "00:52:39", "text": "help them get more money back for their"}, {"start": "00:52:38", "end": "00:52:41", "text": "investors. They have to clean it and"}, {"start": "00:52:39", "end": "00:52:42", "text": "structure it and you know kind of do all"}, {"start": "00:52:41", "end": "00:52:44", "text": "these things to make it a usable form"}, {"start": "00:52:42", "end": "00:52:46", "text": "but then they can turn around and they"}, {"start": "00:52:44", "end": "00:52:48", "text": "can then sell it to the model labs. And"}, {"start": "00:52:46", "end": "00:52:50", "text": "so you almost have this like beautiful"}, {"start": "00:52:48", "end": "00:52:52", "text": "thing where like a normal company would"}, {"start": "00:52:50", "end": "00:52:53", "text": "never want to sell that data because"}, {"start": "00:52:52", "end": "00:52:55", "text": "they were worried about all the"}, {"start": "00:52:53", "end": "00:52:56", "text": "competitive, you know, components and"}, {"start": "00:52:55", "end": "00:52:58", "text": "all the stuff. But if you're shutting"}, {"start": "00:52:56", "end": "00:53:00", "text": "your business down, you're like looking"}, {"start": "00:52:58", "end": "00:53:01", "text": "under the couch cushions for a couple,"}, {"start": "00:53:00", "end": "00:53:02", "text": "you know, pennies, right? You're like,"}, {"start": "00:53:01", "end": "00:53:04", "text": "\"Hey, wherever we can find Oh, you want"}, {"start": "00:53:02", "end": "00:53:05", "text": "to buy our Slack messages? We were just"}, {"start": "00:53:04", "end": "00:53:08", "text": "going to delete them. So like here,"}, {"start": "00:53:05", "end": "00:53:09", "text": "knock yourself out, right?\" And so to"}, {"start": "00:53:08", "end": "00:53:10", "text": "your point, like I do think that this"}, {"start": "00:53:09", "end": "00:53:12", "text": "has happened. I've seen a ton of"}, {"start": "00:53:10", "end": "00:53:14", "text": "startups in all blue collar work, you"}, {"start": "00:53:12", "end": "00:53:16", "text": "know, medical, etc. They're just trying"}, {"start": "00:53:14", "end": "00:53:18", "text": "to figure out how do we go and find data"}, {"start": "00:53:16", "end": "00:53:20", "text": "sets that no one else has has yet and"}, {"start": "00:53:18", "end": "00:53:22", "text": "then turn around and let's go and use it"}, {"start": "00:53:20", "end": "00:53:24", "text": "for robotics, you know, model training,"}, {"start": "00:53:22", "end": "00:53:25", "text": "whatever. I don't know how big that"}, {"start": "00:53:24", "end": "00:53:27", "text": "thing can be, but it feels like we"}, {"start": "00:53:25", "end": "00:53:29", "text": "haven't even scratched the surface of"}, {"start": "00:53:27", "end": "00:53:30", "text": "what that whole industry is going to"}, {"start": "00:53:29", "end": "00:53:33", "text": "look like. It's going to be massive. And"}, {"start": "00:53:30", "end": "00:53:34", "text": "I think actually the the most difficult"}, {"start": "00:53:33", "end": "00:53:37", "text": "part of this, and this is the part"}, {"start": "00:53:34", "end": "00:53:40", "text": "that's still like a dark art, is like"}, {"start": "00:53:37", "end": "00:53:42", "text": "having data is not necessarily the"}, {"start": "00:53:40", "end": "00:53:45", "text": "problem at the moment. The problem is"}, {"start": "00:53:42", "end": "00:53:47", "text": "like getting the data into a format that"}, {"start": "00:53:45", "end": "00:53:49", "text": "the model labs can actually use or that"}, {"start": "00:53:47", "end": "00:53:50", "text": "the data vendors can actually some of"}, {"start": "00:53:49", "end": "00:53:52", "text": "the data vendors are now doing a bunch"}, {"start": "00:53:50", "end": "00:53:53", "text": "of this stuff though like it's the most"}, {"start": "00:53:52", "end": "00:53:56", "text": "difficult part because like the raw"}, {"start": "00:53:53", "end": "00:53:58", "text": "Slack messages like there's like an"}, {"start": "00:53:56", "end": "00:54:00", "text": "immense amount of work and labor that's"}, {"start": "00:53:58", "end": "00:54:03", "text": "involved in like taking that and finding"}, {"start": "00:54:00", "end": "00:54:05", "text": "some way to take that data and like make"}, {"start": "00:54:03", "end": "00:54:06", "text": "it actually usable from a model"}, {"start": "00:54:05", "end": "00:54:08", "text": "improvement perspective and like"}, {"start": "00:54:06", "end": "00:54:11", "text": "rigorously can go and like increase"}, {"start": "00:54:08", "end": "00:54:12", "text": "quality in some dimension. Um, so"}, {"start": "00:54:11", "end": "00:54:14", "text": "there's like a I think there's even just"}, {"start": "00:54:12", "end": "00:54:16", "text": "like that business of like helping"}, {"start": "00:54:14", "end": "00:54:18", "text": "companies understand how they can"}, {"start": "00:54:16", "end": "00:54:20", "text": "actually make what's the value of their"}, {"start": "00:54:18", "end": "00:54:22", "text": "data and all that stuff I think is a is"}, {"start": "00:54:20", "end": "00:54:23", "text": "a really really difficult problem that"}, {"start": "00:54:22", "end": "00:54:25", "text": "it feels like we're still early in"}, {"start": "00:54:23", "end": "00:54:26", "text": "trying to solve. So um and is like"}, {"start": "00:54:25", "end": "00:54:28", "text": "fundamentally correlated with like if we"}, {"start": "00:54:26", "end": "00:54:30", "text": "can do that we'll see more model"}, {"start": "00:54:28", "end": "00:54:32", "text": "progress"}, {"start": "00:54:30", "end": "00:54:33", "text": ">> 100%. I think my takeaway from this"}, {"start": "00:54:32", "end": "00:54:35", "text": "conversation Google the frontier"}, {"start": "00:54:33", "end": "00:54:37", "text": "commitment is real. You guys got a lot"}, {"start": "00:54:35", "end": "00:54:38", "text": "of stuff going on. I think you guys are"}, {"start": "00:54:37", "end": "00:54:40", "text": "doing a great job. Um, if people want to"}, {"start": "00:54:38", "end": "00:54:42", "text": "connect with you or or find you online,"}, {"start": "00:54:40", "end": "00:54:44", "text": "where should you send them?"}, {"start": "00:54:42", "end": "00:54:46", "text": ">> Uh, X. I'll see you on X. Ping me. I'm"}, {"start": "00:54:44", "end": "00:54:50", "text": "also on uh LinkedIn if you want to ask"}, {"start": "00:54:46", "end": "00:54:51", "text": "uh more boring questions. So, [laughter]"}, {"start": "00:54:50", "end": "00:54:52", "text": ">> all right, my friend. Thank you very"}, {"start": "00:54:51", "end": "00:54:53", "text": "much for doing this. We'll do it again"}, {"start": "00:54:52", "end": "00:54:54", "text": "in the future."}, {"start": "00:54:53", "end": "00:54:57", "text": ">> I love it. Thank you for having me. If"}, {"start": "00:54:54", "end": "00:54:57", "text": "I'm car reception"}]

[{"start": "00:00:00", "end": "00:00:04", "text": "the balance sheets that Alamita was"}, {"start": "00:00:02", "end": "00:00:07", "text": "sending to lenders, BlockFi included,"}, {"start": "00:00:04", "end": "00:00:09", "text": "were just false and that there were"}, {"start": "00:00:07", "end": "00:00:11", "text": "slack messages between Sam and Caroline"}, {"start": "00:00:09", "end": "00:00:14", "text": "where Caroline said, \"Here's the balance"}, {"start": "00:00:11", "end": "00:00:16", "text": "sheet I'm about to send to BlockFi or"}, {"start": "00:00:14", "end": "00:00:17", "text": "another lender.\" And Sam would say, \"It"}, {"start": "00:00:16", "end": "00:00:19", "text": "doesn't look good. Give me other"}, {"start": "00:00:17", "end": "00:00:21", "text": "options.\" And she would create seven"}, {"start": "00:00:19", "end": "00:00:25", "text": "tabs on the spreadsheet, seven or eight"}, {"start": "00:00:21", "end": "00:00:28", "text": "tabs, all in kind of varying degrees of"}, {"start": "00:00:25", "end": "00:00:30", "text": "essentially lies. And then Sam would"}, {"start": "00:00:28", "end": "00:00:32", "text": "write back over Slack and he would pick"}, {"start": "00:00:30", "end": "00:00:34", "text": "the one that was like essentially the"}, {"start": "00:00:32", "end": "00:00:35", "text": "biggest lie. What's going on guys? Today"}, {"start": "00:00:34", "end": "00:00:37", "text": "we have a great conversation with Zach"}, {"start": "00:00:35", "end": "00:00:39", "text": "Prince. He's the managing director of"}, {"start": "00:00:37", "end": "00:00:40", "text": "Galaxy 1. And in this conversation we"}, {"start": "00:00:39", "end": "00:00:42", "text": "talk about what happened at BlockFi."}, {"start": "00:00:40", "end": "00:00:43", "text": "What lessons did he learn? What happened"}, {"start": "00:00:42", "end": "00:00:45", "text": "to the industry during the war on"}, {"start": "00:00:43", "end": "00:00:48", "text": "crypto? What are the lessons that he"}, {"start": "00:00:45", "end": "00:00:50", "text": "took from BlockFi and other crypto banks"}, {"start": "00:00:48", "end": "00:00:51", "text": "and is applying it today at Galaxy 1?"}, {"start": "00:00:50", "end": "00:00:53", "text": "What do they do? How can they help you?"}, {"start": "00:00:51", "end": "00:00:55", "text": "What are the risks? and why does he"}, {"start": "00:00:53", "end": "00:00:57", "text": "think that the traditional financial"}, {"start": "00:00:55", "end": "00:00:58", "text": "system merging with crypto has so many"}, {"start": "00:00:57", "end": "00:01:00", "text": "opportunities that you're going to be"}, {"start": "00:00:58", "end": "00:01:01", "text": "interested in. This conversation covers"}, {"start": "00:01:00", "end": "00:01:02", "text": "a lot. I think it'll have a lot of"}, {"start": "00:01:01", "end": "00:01:04", "text": "insights for all of you and I really"}, {"start": "00:01:02", "end": "00:01:06", "text": "hope you enjoy my latest conversation"}, {"start": "00:01:04", "end": "00:01:07", "text": "with Zach Prince."}, {"start": "00:01:06", "end": "00:01:09", "text": "All right, Zach, the elephant in the"}, {"start": "00:01:07", "end": "00:01:11", "text": "room. What happened with BlockFi? Not"}, {"start": "00:01:09", "end": "00:01:13", "text": "even a hello. How you doing? Good to see"}, {"start": "00:01:11", "end": "00:01:15", "text": "you. No. Uh I'm pumped to be here. It's"}, {"start": "00:01:13", "end": "00:01:17", "text": "it's great to see you. What happened at"}, {"start": "00:01:15", "end": "00:01:20", "text": "BlockFi? So, if we just think about what"}, {"start": "00:01:17", "end": "00:01:21", "text": "caused BlockFi to end in tragedy the way"}, {"start": "00:01:20", "end": "00:01:24", "text": "that it did, there were three big"}, {"start": "00:01:21", "end": "00:01:27", "text": "moments. The first was the regulatory"}, {"start": "00:01:24", "end": "00:01:30", "text": "action in the summer of 2021, um,"}, {"start": "00:01:27", "end": "00:01:32", "text": "completely out of the blue. Uh, resulted"}, {"start": "00:01:30", "end": "00:01:34", "text": "in, uh, us having to turn off new"}, {"start": "00:01:32", "end": "00:01:36", "text": "signups from US customers for a period"}, {"start": "00:01:34", "end": "00:01:39", "text": "of time and a larger than we could have"}, {"start": "00:01:36", "end": "00:01:41", "text": "ever anticipated financial penalty of"}, {"start": "00:01:39", "end": "00:01:45", "text": "$und00 million. Second, a few months"}, {"start": "00:01:41", "end": "00:01:47", "text": "after that concluded in uh early 2022,"}, {"start": "00:01:45", "end": "00:01:49", "text": "two of our largest competitors, Celsius"}, {"start": "00:01:47", "end": "00:01:52", "text": "and Voyager, went bankrupt. That"}, {"start": "00:01:49", "end": "00:01:54", "text": "prompted a um essentially a run on the"}, {"start": "00:01:52", "end": "00:01:58", "text": "bank, if you want to refer to BlockFi as"}, {"start": "00:01:54", "end": "00:02:01", "text": "a bank. Um about 85% of our uh customer"}, {"start": "00:01:58", "end": "00:02:03", "text": "assets on the platform were withdrawn."}, {"start": "00:02:01", "end": "00:02:05", "text": "We withtood that, processed all the"}, {"start": "00:02:03", "end": "00:02:06", "text": "withdrawals. Uh but the company wasn't"}, {"start": "00:02:05", "end": "00:02:09", "text": "in the best position at the time. summer"}, {"start": "00:02:06", "end": "00:02:11", "text": "of 2022, crypto was in a bad spot and we"}, {"start": "00:02:09", "end": "00:02:13", "text": "knew that we needed to either raise more"}, {"start": "00:02:11", "end": "00:02:15", "text": "capital or attach ourselves to a bigger"}, {"start": "00:02:13", "end": "00:02:17", "text": "company and ultimately the process that"}, {"start": "00:02:15", "end": "00:02:23", "text": "we ran concluded with us getting"}, {"start": "00:02:17", "end": "00:02:24", "text": "acquired by FTX. Um FTX uh ultimately,"}, {"start": "00:02:23", "end": "00:02:27", "text": "you know, everybody knows how that"}, {"start": "00:02:24", "end": "00:02:29", "text": "ended, but um you know, Sam is is in"}, {"start": "00:02:27", "end": "00:02:32", "text": "prison now. I was a a victim witness at"}, {"start": "00:02:29", "end": "00:02:34", "text": "the at the trial for SPF. For technical"}, {"start": "00:02:32", "end": "00:02:36", "text": "reasons, we weren't officially part of"}, {"start": "00:02:34", "end": "00:02:38", "text": "FTX yet. we were still an independent"}, {"start": "00:02:36", "end": "00:02:39", "text": "company. They had an option to acquire"}, {"start": "00:02:38", "end": "00:02:41", "text": "us within a year which they were"}, {"start": "00:02:39", "end": "00:02:45", "text": "planning on exercising. Um but we were"}, {"start": "00:02:41", "end": "00:02:47", "text": "still an independent company. So I uh"}, {"start": "00:02:45", "end": "00:02:49", "text": "stayed on as the CEO of BlockFi through"}, {"start": "00:02:47", "end": "00:02:51", "text": "the confirmation of our bankruptcy plan."}, {"start": "00:02:49", "end": "00:02:52", "text": "Uh funds were ultimately you know all"}, {"start": "00:02:51", "end": "00:02:53", "text": "the funds that were available were"}, {"start": "00:02:52", "end": "00:02:55", "text": "ultimately distributed back to"}, {"start": "00:02:53", "end": "00:02:58", "text": "creditors. I think that process is fully"}, {"start": "00:02:55", "end": "00:03:00", "text": "wound down at this point in time. But uh"}, {"start": "00:02:58", "end": "00:03:01", "text": "it was a uh it was a tragedy. I mean, we"}, {"start": "00:03:00", "end": "00:03:04", "text": "had we delivered a ton of value for"}, {"start": "00:03:01", "end": "00:03:08", "text": "customers while um while everything was"}, {"start": "00:03:04", "end": "00:03:11", "text": "working and and operationally uh working"}, {"start": "00:03:08", "end": "00:03:13", "text": "and um learned a lot, you know, learned"}, {"start": "00:03:11", "end": "00:03:16", "text": "learned a ton about uh what types of"}, {"start": "00:03:13", "end": "00:03:18", "text": "things I want to do next, uh business"}, {"start": "00:03:16", "end": "00:03:21", "text": "growth strategies that work and don't"}, {"start": "00:03:18", "end": "00:03:22", "text": "work, risks to avoid, pitfalls to avoid"}, {"start": "00:03:21", "end": "00:03:26", "text": "in terms of building a business in"}, {"start": "00:03:22", "end": "00:03:27", "text": "crypto or fintech more broadly. and uh"}, {"start": "00:03:26", "end": "00:03:30", "text": "wish it would have ended differently,"}, {"start": "00:03:27", "end": "00:03:31", "text": "but um that's not the that's not the way"}, {"start": "00:03:30", "end": "00:03:33", "text": "uh the cookie crumbled ultimately."}, {"start": "00:03:31", "end": "00:03:35", "text": ">> So, I don't think people quite"}, {"start": "00:03:33", "end": "00:03:40", "text": "understand a couple of nuances that you"}, {"start": "00:03:35", "end": "00:03:41", "text": "that you mentioned there. Um, in 2021, I"}, {"start": "00:03:40", "end": "00:03:44", "text": "think it was, if I remember, June or"}, {"start": "00:03:41", "end": "00:03:45", "text": "July of 2021, um, you guys got a letter"}, {"start": "00:03:44", "end": "00:03:47", "text": "from, I think it was the state of"}, {"start": "00:03:45", "end": "00:03:50", "text": "Kentucky, if my memory is serving me"}, {"start": "00:03:47", "end": "00:03:54", "text": "right, and they essentially accused you"}, {"start": "00:03:50", "end": "00:03:57", "text": "of, uh, the interestbearing accounts"}, {"start": "00:03:54", "end": "00:03:58", "text": "being some sort of like yield security,"}, {"start": "00:03:57", "end": "00:04:00", "text": ">> unregistered security."}, {"start": "00:03:58", "end": "00:04:03", "text": ">> Unregistered security. Okay. And when"}, {"start": "00:04:00", "end": "00:04:05", "text": "they did that, it just became this like"}, {"start": "00:04:03", "end": "00:04:06", "text": "every state that, you know, was like,"}, {"start": "00:04:05", "end": "00:04:07", "text": "\"Oh, that sounds like a great idea. Let"}, {"start": "00:04:06", "end": "00:04:09", "text": "me lob one in as well."}, {"start": "00:04:07", "end": "00:04:11", "text": ">> It actually started in New Jersey and"}, {"start": "00:04:09", "end": "00:04:12", "text": "then within a week or two there were uh"}, {"start": "00:04:11", "end": "00:04:14", "text": "I think eight states that had"}, {"start": "00:04:12", "end": "00:04:15", "text": "essentially copy and pasted the order"}, {"start": "00:04:14", "end": "00:04:18", "text": "from New Jersey."}, {"start": "00:04:15", "end": "00:04:19", "text": ">> Okay. So, um you see I got a bad memory."}, {"start": "00:04:18", "end": "00:04:20", "text": "Um"}, {"start": "00:04:19", "end": "00:04:20", "text": ">> Kentucky was one of them. It's not that"}, {"start": "00:04:20", "end": "00:04:22", "text": "bad."}, {"start": "00:04:20", "end": "00:04:25", "text": ">> Okay. All right. As this happened, you"}, {"start": "00:04:22", "end": "00:04:29", "text": "you shut off your uh acquisition in a"}, {"start": "00:04:25", "end": "00:04:30", "text": "lot of these places. Um that it puts"}, {"start": "00:04:29", "end": "00:04:32", "text": "stress on a business because you're not"}, {"start": "00:04:30", "end": "00:04:34", "text": "growing, right? But it wasn't like uh"}, {"start": "00:04:32", "end": "00:04:35", "text": "oh, we need the new customers to take"}, {"start": "00:04:34", "end": "00:04:39", "text": "their money and give it to old customers"}, {"start": "00:04:35", "end": "00:04:41", "text": "or anything like that. But then the"}, {"start": "00:04:39", "end": "00:04:43", "text": "final outcome of a bunch of these"}, {"start": "00:04:41", "end": "00:04:45", "text": "regulatory actions slash with uh the the"}, {"start": "00:04:43", "end": "00:04:50", "text": "federal regulators was this $100 million"}, {"start": "00:04:45", "end": "00:04:51", "text": "fine. And you know I had um kind of a"}, {"start": "00:04:50", "end": "00:04:53", "text": "different perspective than other people"}, {"start": "00:04:51", "end": "00:04:55", "text": "because we were investors in the"}, {"start": "00:04:53", "end": "00:04:58", "text": "company. I had assets in the platform"}, {"start": "00:04:55", "end": "00:05:00", "text": "etc. And when this was happening, I"}, {"start": "00:04:58", "end": "00:05:01", "text": "think that the thought process was like"}, {"start": "00:05:00", "end": "00:05:03", "text": "other companies who had gone through"}, {"start": "00:05:01", "end": "00:05:05", "text": "this, their fines had been significantly"}, {"start": "00:05:03", "end": "00:05:07", "text": "smaller, you know, couple million bucks,"}, {"start": "00:05:05", "end": "00:05:09", "text": "$10 million, something like that. But"}, {"start": "00:05:07", "end": "00:05:10", "text": "the $100 million was like a substantial"}, {"start": "00:05:09", "end": "00:05:13", "text": "amount of the capital on the company's"}, {"start": "00:05:10", "end": "00:05:15", "text": "balance sheet. And so you immediately go"}, {"start": "00:05:13", "end": "00:05:16", "text": "from really a position of strength on"}, {"start": "00:05:15", "end": "00:05:19", "text": "the balance sheet to immediately a"}, {"start": "00:05:16", "end": "00:05:21", "text": "position of weakness because of"}, {"start": "00:05:19", "end": "00:05:23", "text": "government action. People can debate"}, {"start": "00:05:21", "end": "00:05:26", "text": "good, bad, indifferent, but like that"}, {"start": "00:05:23", "end": "00:05:29", "text": "materially changes the position of that"}, {"start": "00:05:26", "end": "00:05:32", "text": "company based on that action, right?"}, {"start": "00:05:29", "end": "00:05:33", "text": ">> Yeah, absolutely. And and there was uh"}, {"start": "00:05:32", "end": "00:05:35", "text": "there is precedent for this with other"}, {"start": "00:05:33", "end": "00:05:37", "text": "fintech companies. If you look at"}, {"start": "00:05:35", "end": "00:05:39", "text": "companies like PayPal, who went public"}, {"start": "00:05:37", "end": "00:05:41", "text": "at a time before the money transmission"}, {"start": "00:05:39", "end": "00:05:43", "text": "licensing framework was finalized across"}, {"start": "00:05:41", "end": "00:05:45", "text": "all of the states as a you know"}, {"start": "00:05:43", "end": "00:05:48", "text": "internetpowered"}, {"start": "00:05:45", "end": "00:05:51", "text": "mover of of funds. uh lending club in"}, {"start": "00:05:48", "end": "00:05:53", "text": "the online lending industry uh had a"}, {"start": "00:05:51", "end": "00:05:54", "text": "similar tussle with the SEC about"}, {"start": "00:05:53", "end": "00:05:57", "text": "whether letting consumers invest in"}, {"start": "00:05:54", "end": "00:05:59", "text": "loans through a website was a security"}, {"start": "00:05:57", "end": "00:06:01", "text": "or not. Um and in in just about every"}, {"start": "00:05:59", "end": "00:06:05", "text": "case outside of crypto that you look at,"}, {"start": "00:06:01", "end": "00:06:07", "text": "the fine was not significant relative to"}, {"start": "00:06:05", "end": "00:06:09", "text": "the size of the company's balance sheet"}, {"start": "00:06:07", "end": "00:06:11", "text": "if it was a a market leader in a in a"}, {"start": "00:06:09", "end": "00:06:14", "text": "new category valued at north of a"}, {"start": "00:06:11", "end": "00:06:15", "text": "billion dollars like BlockFi was. Um the"}, {"start": "00:06:14", "end": "00:06:18", "text": "other thing I would highlight about that"}, {"start": "00:06:15", "end": "00:06:20", "text": "regulatory action is we we were not a"}, {"start": "00:06:18", "end": "00:06:22", "text": "company that was trying to avoid"}, {"start": "00:06:20", "end": "00:06:25", "text": "regulation. BlockFi was quite the"}, {"start": "00:06:22", "end": "00:06:26", "text": "opposite. We had state level licenses,"}, {"start": "00:06:25", "end": "00:06:29", "text": "federal level licenses. We had been"}, {"start": "00:06:26", "end": "00:06:31", "text": "searching for a period of time to find a"}, {"start": "00:06:29", "end": "00:06:33", "text": "structure that worked for this"}, {"start": "00:06:31", "end": "00:06:35", "text": "functionality that we were providing of"}, {"start": "00:06:33", "end": "00:06:36", "text": "earning interest on crypto. And we were"}, {"start": "00:06:35", "end": "00:06:38", "text": "actually close. There's kind of two"}, {"start": "00:06:36", "end": "00:06:40", "text": "categories you can go in. You can go in"}, {"start": "00:06:38", "end": "00:06:41", "text": "banking regulations or securities"}, {"start": "00:06:40", "end": "00:06:43", "text": "regulations. we were close to something"}, {"start": "00:06:41", "end": "00:06:47", "text": "on the banking regulation side that"}, {"start": "00:06:43", "end": "00:06:49", "text": "ultimately blew up as a result of uh you"}, {"start": "00:06:47", "end": "00:06:53", "text": "know SEC or state securities regulators"}, {"start": "00:06:49", "end": "00:06:55", "text": "actions. Um so we were kind of choked"}, {"start": "00:06:53", "end": "00:06:58", "text": "off from that path that we had been on"}, {"start": "00:06:55", "end": "00:07:01", "text": "from a regulatory perspective. Um the"}, {"start": "00:06:58", "end": "00:07:03", "text": "fine was larger than we expected and you"}, {"start": "00:07:01", "end": "00:07:04", "text": "remember this very well I'm sure we were"}, {"start": "00:07:03", "end": "00:07:07", "text": "in the middle of a fundraising round"}, {"start": "00:07:04", "end": "00:07:09", "text": "literally in between all the docs have"}, {"start": "00:07:07", "end": "00:07:11", "text": "been signed and all the money has been"}, {"start": "00:07:09", "end": "00:07:14", "text": "wired about half of $500 million had"}, {"start": "00:07:11", "end": "00:07:15", "text": "already been wired by investors. Um but"}, {"start": "00:07:14", "end": "00:07:19", "text": "ultimately the regulatory action"}, {"start": "00:07:15", "end": "00:07:21", "text": "happened during that funding window and"}, {"start": "00:07:19", "end": "00:07:23", "text": "you know investors understandably got"}, {"start": "00:07:21", "end": "00:07:25", "text": "cold feet. We ultimately restructured"}, {"start": "00:07:23", "end": "00:07:27", "text": "the round and gave everybody the option"}, {"start": "00:07:25", "end": "00:07:29", "text": "to not participate in the round if they"}, {"start": "00:07:27", "end": "00:07:31", "text": "didn't want to, which downsized the"}, {"start": "00:07:29", "end": "00:07:33", "text": "round uh dramatically."}, {"start": "00:07:31", "end": "00:07:35", "text": ">> Well, I think you're being very kind and"}, {"start": "00:07:33", "end": "00:07:37", "text": "uh we don't need to h rehash names, but"}, {"start": "00:07:35", "end": "00:07:39", "text": "uh I think that there were some"}, {"start": "00:07:37", "end": "00:07:41", "text": "investors who had signed documents and"}, {"start": "00:07:39", "end": "00:07:44", "text": "uh reiged. They basically were like,"}, {"start": "00:07:41", "end": "00:07:47", "text": "\"Hey, we don't want to be part of this.\""}, {"start": "00:07:44", "end": "00:07:49", "text": "You can argue I think two sides. One is"}, {"start": "00:07:47", "end": "00:07:51", "text": "uh there's new information and so they"}, {"start": "00:07:49", "end": "00:07:53", "text": "want to change their mind. Um, I think I"}, {"start": "00:07:51", "end": "00:07:56", "text": "come a little bit more from a school of"}, {"start": "00:07:53", "end": "00:07:57", "text": "thought of if you sign the contract,"}, {"start": "00:07:56", "end": "00:07:59", "text": "you're kind of wiring the money"}, {"start": "00:07:57", "end": "00:08:00", "text": "regardless and, you know, get your hands"}, {"start": "00:07:59", "end": "00:08:03", "text": "dirty and try to fix it. Not everyone"}, {"start": "00:08:00", "end": "00:08:04", "text": "does it that way, but um, I definitely"}, {"start": "00:08:03", "end": "00:08:06", "text": "think that the regulatory action had an"}, {"start": "00:08:04", "end": "00:08:09", "text": "impact on that on the, uh, the fund"}, {"start": "00:08:06", "end": "00:08:10", "text": "raise. Now, I did not know, and this is"}, {"start": "00:08:09", "end": "00:08:14", "text": "the first time I'm hearing this, that"}, {"start": "00:08:10", "end": "00:08:17", "text": "85% of the assets got withdrawn when"}, {"start": "00:08:14", "end": "00:08:18", "text": "Voyager and Celsius went down."}, {"start": "00:08:17", "end": "00:08:20", "text": ">> That that is a lot. Yes, sir. If you"}, {"start": "00:08:18", "end": "00:08:23", "text": "said to me that there had been assets"}, {"start": "00:08:20", "end": "00:08:23", "text": "withdrawn, of course, but 85% is a huge"}, {"start": "00:08:23", "end": "00:08:25", "text": "number."}, {"start": "00:08:23", "end": "00:08:28", "text": ">> At our peak at BlockFi, we had a little"}, {"start": "00:08:25", "end": "00:08:31", "text": "over 14 billion in client assets on the"}, {"start": "00:08:28", "end": "00:08:35", "text": "platform. Uh, so that was like roughly"}, {"start": "00:08:31", "end": "00:08:37", "text": "summer of 21 timing. By May of 22 when"}, {"start": "00:08:35", "end": "00:08:40", "text": "Celsius and Voyager collapsed, that had"}, {"start": "00:08:37", "end": "00:08:41", "text": "drifted from 14 down to about 12 12"}, {"start": "00:08:40", "end": "00:08:43", "text": "billion in client assets."}, {"start": "00:08:41", "end": "00:08:45", "text": ">> Still a lot. In the, you know, first two"}, {"start": "00:08:43", "end": "00:08:49", "text": "weeks post Celsius and Voyager blowing"}, {"start": "00:08:45", "end": "00:08:53", "text": "up, we went from 14 to two,"}, {"start": "00:08:49", "end": "00:08:55", "text": "uh, in in two, yeah, sorry, 12 billion."}, {"start": "00:08:53", "end": "00:08:55", "text": "12 billion down to 2 billion."}, {"start": "00:08:55", "end": "00:08:57", "text": ">> Wow."}, {"start": "00:08:55", "end": "00:08:59", "text": ">> Um, and we processed, you know, every"}, {"start": "00:08:57", "end": "00:09:00", "text": "withdrawal uh during that time frame."}, {"start": "00:08:59", "end": "00:09:04", "text": ">> And so when you get down to the two"}, {"start": "00:09:00", "end": "00:09:07", "text": "billion, you continue normal operations"}, {"start": "00:09:04", "end": "00:09:09", "text": "and then that's when uh the FTX stuff"}, {"start": "00:09:07", "end": "00:09:11", "text": "really kind of uh takes hold."}, {"start": "00:09:09", "end": "00:09:13", "text": ">> Yeah. I mean, so"}, {"start": "00:09:11", "end": "00:09:16", "text": "running up to May of 2022, we had"}, {"start": "00:09:13", "end": "00:09:17", "text": "switched the company from growth mode to"}, {"start": "00:09:16", "end": "00:09:19", "text": "profitability mode. So, the company was"}, {"start": "00:09:17", "end": "00:09:21", "text": "actually profitable for the first time"}, {"start": "00:09:19", "end": "00:09:24", "text": "it in its history for a few months"}, {"start": "00:09:21", "end": "00:09:27", "text": "leading up to May of 2022. Um, when the"}, {"start": "00:09:24", "end": "00:09:29", "text": "assets left the platform, uh, that took"}, {"start": "00:09:27", "end": "00:09:30", "text": "us from being profitable to not"}, {"start": "00:09:29", "end": "00:09:34", "text": "profitable anymore. We were making a lot"}, {"start": "00:09:30", "end": "00:09:38", "text": "less revenue. Um we were still uh you"}, {"start": "00:09:34", "end": "00:09:40", "text": "know solvent and um uh had plenty of"}, {"start": "00:09:38", "end": "00:09:43", "text": "assets to continue operating as a going"}, {"start": "00:09:40", "end": "00:09:45", "text": "concern but it was clear that on a 6 12"}, {"start": "00:09:43", "end": "00:09:47", "text": "18month time horizon somewhere along"}, {"start": "00:09:45", "end": "00:09:49", "text": "there we were going to need to bring"}, {"start": "00:09:47", "end": "00:09:52", "text": "more capital into the business uh which"}, {"start": "00:09:49", "end": "00:09:55", "text": "kicked off a a fundraising process but"}, {"start": "00:09:52", "end": "00:09:57", "text": "also an M&A process in parallel with the"}, {"start": "00:09:55", "end": "00:10:00", "text": "fundraising process. And uh ultimately"}, {"start": "00:09:57", "end": "00:10:01", "text": "the conclusion there was that um the"}, {"start": "00:10:00", "end": "00:10:03", "text": "best opportunity we had was an"}, {"start": "00:10:01", "end": "00:10:06", "text": "acquisition by uh FTX."}, {"start": "00:10:03", "end": "00:10:10", "text": ">> What was the conversation with Sam like?"}, {"start": "00:10:06", "end": "00:10:11", "text": ">> I talked to Sam, you know, we um BlockFi"}, {"start": "00:10:10", "end": "00:10:14", "text": "did a lot of business with their team"}, {"start": "00:10:11", "end": "00:10:16", "text": "that was less Sam and I uh working"}, {"start": "00:10:14", "end": "00:10:19", "text": "directly with each other and more our"}, {"start": "00:10:16", "end": "00:10:23", "text": "institutional lending team and the Alama"}, {"start": "00:10:19", "end": "00:10:26", "text": "team within FTX. Um, I spoke with Sam"}, {"start": "00:10:23", "end": "00:10:29", "text": "two times before the uh the acquisition"}, {"start": "00:10:26", "end": "00:10:32", "text": "got done. Um, and in each conversation"}, {"start": "00:10:29", "end": "00:10:35", "text": "he struck me as I mean certainly"}, {"start": "00:10:32", "end": "00:10:37", "text": "socially a little awkward on the"}, {"start": "00:10:35", "end": "00:10:41", "text": "spectrum, however you want to describe"}, {"start": "00:10:37", "end": "00:10:43", "text": "it, but uh I mean look if you if you"}, {"start": "00:10:41", "end": "00:10:46", "text": "went back and you said you can create"}, {"start": "00:10:43", "end": "00:10:50", "text": "any business, you know, on the planet in"}, {"start": "00:10:46", "end": "00:10:51", "text": "like 2018, 2019, 2020, 2021, a crypto"}, {"start": "00:10:50", "end": "00:10:53", "text": "exchange would be on the list of"}, {"start": "00:10:51", "end": "00:10:54", "text": "businesses that you would create. I"}, {"start": "00:10:53", "end": "00:10:57", "text": "mean, they're literally uh"}, {"start": "00:10:54", "end": "00:10:59", "text": ">> they they're money printing machines."}, {"start": "00:10:57", "end": "00:11:02", "text": "And so my view was that this guy had"}, {"start": "00:10:59", "end": "00:11:04", "text": "built what was quickly becoming uh a"}, {"start": "00:11:02", "end": "00:11:06", "text": "real threat to Binance for, you know,"}, {"start": "00:11:04", "end": "00:11:08", "text": "potentially the largest crypto exchange"}, {"start": "00:11:06", "end": "00:11:10", "text": "platform in the world. He had a money"}, {"start": "00:11:08", "end": "00:11:12", "text": "printing machine. I had gotten advice"}, {"start": "00:11:10", "end": "00:11:16", "text": "from numerous people that one of the"}, {"start": "00:11:12", "end": "00:11:17", "text": "things to do in a in a financial crisis"}, {"start": "00:11:16", "end": "00:11:20", "text": "when you're running a business like"}, {"start": "00:11:17", "end": "00:11:22", "text": "BlockFi is attach your boat to a bigger"}, {"start": "00:11:20", "end": "00:11:26", "text": "boat, something that can weather the"}, {"start": "00:11:22", "end": "00:11:29", "text": "storm. And uh FTX seemed like a as good"}, {"start": "00:11:26", "end": "00:11:31", "text": "of a place as any maybe maybe even a a"}, {"start": "00:11:29", "end": "00:11:34", "text": "ideal place to bring a business like"}, {"start": "00:11:31", "end": "00:11:36", "text": "like BlockFi so that we had the capital"}, {"start": "00:11:34", "end": "00:11:38", "text": "to complete the work that we were doing"}, {"start": "00:11:36", "end": "00:11:39", "text": "with the SEC. Our settlement with them"}, {"start": "00:11:38", "end": "00:11:40", "text": "wasn't just hey we're going to pay you"}, {"start": "00:11:39", "end": "00:11:42", "text": "$100 million. It was we're going to pay"}, {"start": "00:11:40", "end": "00:11:44", "text": "you $100 million and register our"}, {"start": "00:11:42", "end": "00:11:46", "text": "interest account as a security and it's"}, {"start": "00:11:44", "end": "00:11:49", "text": "going to be the first product of its"}, {"start": "00:11:46", "end": "00:11:53", "text": "kind that's issued fully legally as a as"}, {"start": "00:11:49", "end": "00:11:56", "text": "a security. Um, and we were going to see"}, {"start": "00:11:53", "end": "00:11:58", "text": "that out within FTX. Employees were, you"}, {"start": "00:11:56", "end": "00:12:00", "text": "know, going to continue working. We were"}, {"start": "00:11:58", "end": "00:12:02", "text": "going to integrate the platforms and"}, {"start": "00:12:00", "end": "00:12:04", "text": "bring some of the products that BlockFi"}, {"start": "00:12:02", "end": "00:12:07", "text": "had that FTX didn't have onto the FTX"}, {"start": "00:12:04", "end": "00:12:10", "text": "platform, which they were excited about."}, {"start": "00:12:07", "end": "00:12:12", "text": "And uh, that's what we were doing for,"}, {"start": "00:12:10", "end": "00:12:15", "text": "you know, roughly a handful of months"}, {"start": "00:12:12", "end": "00:12:17", "text": "before FTX blew up in in November."}, {"start": "00:12:15", "end": "00:12:21", "text": ">> How did you find out? Uh, I was out on"}, {"start": "00:12:17", "end": "00:12:24", "text": "paternity leave and uh I, you know, got"}, {"start": "00:12:21", "end": "00:12:26", "text": "calls from our from our team basically"}, {"start": "00:12:24", "end": "00:12:28", "text": ">> um that said, \"Have you seen the news"}, {"start": "00:12:26", "end": "00:12:29", "text": "about FTX?\" I had seen some chirping on"}, {"start": "00:12:28", "end": "00:12:32", "text": "Twitter, but it had never crossed my"}, {"start": "00:12:29", "end": "00:12:35", "text": "mind that the money wouldn't be there."}, {"start": "00:12:32", "end": "00:12:36", "text": "You own a money printing machine."}, {"start": "00:12:35", "end": "00:12:37", "text": "[laughter]"}, {"start": "00:12:36", "end": "00:12:40", "text": ">> How do you not have the money?"}, {"start": "00:12:37", "end": "00:12:42", "text": ">> How can you, you know, mess that up? Um"}, {"start": "00:12:40", "end": "00:12:45", "text": "but then through the process of uh being"}, {"start": "00:12:42", "end": "00:12:47", "text": "a a a witness in the trial, I was a"}, {"start": "00:12:45", "end": "00:12:50", "text": "cooperating witness for the prosecution."}, {"start": "00:12:47", "end": "00:12:53", "text": "I I learned things. Um maybe the most"}, {"start": "00:12:50", "end": "00:12:55", "text": "striking of which was that uh the"}, {"start": "00:12:53", "end": "00:12:58", "text": "balance sheets that Alama was sending to"}, {"start": "00:12:55", "end": "00:13:00", "text": "lenders, BlockFi included, were just"}, {"start": "00:12:58", "end": "00:13:02", "text": "false. And that there were slack"}, {"start": "00:13:00", "end": "00:13:04", "text": "messages between Sam and Caroline where"}, {"start": "00:13:02", "end": "00:13:07", "text": "Caroline said, \"Here's the balance sheet"}, {"start": "00:13:04", "end": "00:13:09", "text": "I'm about to send to BlockFi or another"}, {"start": "00:13:07", "end": "00:13:11", "text": "lender.\" And Sam would say, \"It doesn't"}, {"start": "00:13:09", "end": "00:13:13", "text": "look good. Give me other options.\" And"}, {"start": "00:13:11", "end": "00:13:16", "text": "she would create seven tabs on the"}, {"start": "00:13:13", "end": "00:13:18", "text": "spreadsheet, seven or eight tabs, all in"}, {"start": "00:13:16", "end": "00:13:22", "text": "kind of varying degrees of essentially"}, {"start": "00:13:18", "end": "00:13:24", "text": "lies. And then Sam would write back over"}, {"start": "00:13:22", "end": "00:13:26", "text": "Slack and he would pick the one that was"}, {"start": "00:13:24", "end": "00:13:28", "text": "like essentially the biggest lie. And"}, {"start": "00:13:26", "end": "00:13:29", "text": "that's what they were. So some of the"}, {"start": "00:13:28", "end": "00:13:31", "text": "things that I that I"}, {"start": "00:13:29", "end": "00:13:32", "text": ">> when they when they send you a balance"}, {"start": "00:13:31", "end": "00:13:34", "text": "sheet like that, like whether it was"}, {"start": "00:13:32", "end": "00:13:37", "text": "Blackfire or other lenders, right? But I"}, {"start": "00:13:34", "end": "00:13:39", "text": "think one of the things that uh I take a"}, {"start": "00:13:37", "end": "00:13:42", "text": "lot of the folks on Twitter as um take"}, {"start": "00:13:39", "end": "00:13:44", "text": "their critique seriously, but be careful"}, {"start": "00:13:42", "end": "00:13:45", "text": "putting too much, you know, weight on"}, {"start": "00:13:44", "end": "00:13:46", "text": "any one person."}, {"start": "00:13:45", "end": "00:13:47", "text": ">> But I think one of the things they'll be"}, {"start": "00:13:46", "end": "00:13:49", "text": "like is why didn't you guys go look at"}, {"start": "00:13:47", "end": "00:13:50", "text": "the balance sheets? Why didn't you go"}, {"start": "00:13:49", "end": "00:13:51", "text": "look at their bank account? Why didn't"}, {"start": "00:13:50", "end": "00:13:53", "text": "you, you know, they'll kind of go down"}, {"start": "00:13:51", "end": "00:13:55", "text": "this whole rabbit hole of things? Like"}, {"start": "00:13:53", "end": "00:13:56", "text": "what was the normal engagement? and and"}, {"start": "00:13:55", "end": "00:13:57", "text": "this is I think is important for some of"}, {"start": "00:13:56", "end": "00:13:59", "text": "the work you guys are doing at Galaxy"}, {"start": "00:13:57", "end": "00:14:00", "text": "now because you've made a lot of changes"}, {"start": "00:13:59", "end": "00:14:03", "text": "right to to kind of some of these"}, {"start": "00:14:00", "end": "00:14:04", "text": "products that I think is uh much better"}, {"start": "00:14:03", "end": "00:14:06", "text": "for the end investor through some of"}, {"start": "00:14:04", "end": "00:14:08", "text": "these lessons but like what is that you"}, {"start": "00:14:06", "end": "00:14:10", "text": "know kind of inter company relationship"}, {"start": "00:14:08", "end": "00:14:11", "text": "in terms of like the diligence you would"}, {"start": "00:14:10", "end": "00:14:12", "text": "do in someone sends a balance sheet is"}, {"start": "00:14:11", "end": "00:14:13", "text": "it just like you kind of have to take"}, {"start": "00:14:12", "end": "00:14:15", "text": "their word for it"}, {"start": "00:14:13", "end": "00:14:16", "text": ">> yeah well I mean short answer on Galaxy"}, {"start": "00:14:15", "end": "00:14:19", "text": "my risk appetite and Galaxy's risk"}, {"start": "00:14:16", "end": "00:14:21", "text": "appetite are wildly different than uh"}, {"start": "00:14:19", "end": "00:14:24", "text": "the risk appetite that we had at a"}, {"start": "00:14:21", "end": "00:14:28", "text": "company like BlockFi no rehypothecation"}, {"start": "00:14:24", "end": "00:14:29", "text": "on our platform uh and no crypto lending"}, {"start": "00:14:28", "end": "00:14:32", "text": "um both of which were things you know"}, {"start": "00:14:29", "end": "00:14:34", "text": "crypto lending is is really hard to"}, {"start": "00:14:32", "end": "00:14:36", "text": "scale maybe even impossible uh to scale"}, {"start": "00:14:34", "end": "00:14:38", "text": "bitcoin doesn't produce a yield trying"}, {"start": "00:14:36", "end": "00:14:40", "text": "to get it to is is very challenging and"}, {"start": "00:14:38", "end": "00:14:43", "text": "as you scale you're kind of forced to go"}, {"start": "00:14:40", "end": "00:14:44", "text": "out on the risk spectrum a little bit um"}, {"start": "00:14:43", "end": "00:14:45", "text": "but what it looks like I mean we had a"}, {"start": "00:14:44", "end": "00:14:47", "text": "risk management framework that was"}, {"start": "00:14:45", "end": "00:14:49", "text": "overseen by our board that included"}, {"start": "00:14:47", "end": "00:14:51", "text": "finance professionals from some of the"}, {"start": "00:14:49", "end": "00:14:53", "text": "largest banks in the world uh there was"}, {"start": "00:14:51", "end": "00:14:54", "text": "the credit piece of it which is"}, {"start": "00:14:53", "end": "00:14:56", "text": "assessing the financial health of your"}, {"start": "00:14:54", "end": "00:14:59", "text": "counterparty. And then there was the"}, {"start": "00:14:56", "end": "00:15:01", "text": "collateral piece of it which was um you"}, {"start": "00:14:59", "end": "00:15:03", "text": "know taking collateral as security for"}, {"start": "00:15:01", "end": "00:15:07", "text": "the loans. And in FTX's case, they were"}, {"start": "00:15:03", "end": "00:15:09", "text": "consistently within the crypto market,"}, {"start": "00:15:07", "end": "00:15:11", "text": "one of the best capitalized"}, {"start": "00:15:09", "end": "00:15:14", "text": "counterparties from a balance sheet and"}, {"start": "00:15:11", "end": "00:15:15", "text": "financial statement perspective, and one"}, {"start": "00:15:14", "end": "00:15:18", "text": "of the most willing to post collateral"}, {"start": "00:15:15", "end": "00:15:21", "text": "counterparties uh which they did"}, {"start": "00:15:18", "end": "00:15:23", "text": "sometimes with uh you know, Bitcoin and"}, {"start": "00:15:21", "end": "00:15:24", "text": "Ethereum and Salana, but also in some"}, {"start": "00:15:23", "end": "00:15:26", "text": "cases with the FTT token,"}, {"start": "00:15:24", "end": "00:15:29", "text": ">> with other things. Today's episode is"}, {"start": "00:15:26", "end": "00:15:30", "text": "brought to you by Token 2049, [music]"}, {"start": "00:15:29", "end": "00:15:33", "text": "the largest conference in crypto is"}, {"start": "00:15:30", "end": "00:15:35", "text": "back. Token 2049 will host 25,000"}, {"start": "00:15:33", "end": "00:15:37", "text": "people, 300 speakers, and a thousand"}, {"start": "00:15:35", "end": "00:15:40", "text": "plus side events in Singapore on October"}, {"start": "00:15:37", "end": "00:15:42", "text": "7th and 8th at Marina Bay Sands. The"}, {"start": "00:15:40", "end": "00:15:44", "text": "speaker list is absolutely stacked."}, {"start": "00:15:42", "end": "00:15:46", "text": "Shane Copeland from Poly Market, Jeff"}, {"start": "00:15:44", "end": "00:15:48", "text": "Yan from Hyperlquid, Adena Freriedman"}, {"start": "00:15:46", "end": "00:15:50", "text": "from NASDAQ, Arthur Hayes, Balagi, and"}, {"start": "00:15:48", "end": "00:15:51", "text": "Eric [music] Trump. Crypto and"}, {"start": "00:15:50", "end": "00:15:52", "text": "traditional finance in the same"}, {"start": "00:15:51", "end": "00:15:54", "text": "building, which tells you a lot about"}, {"start": "00:15:52", "end": "00:15:56", "text": "where this is going. And the conference"}, {"start": "00:15:54", "end": "00:15:58", "text": "runs right into F1 weekend, so the whole"}, {"start": "00:15:56", "end": "00:16:00", "text": "thing turns into one giant week. If"}, {"start": "00:15:58", "end": "00:16:03", "text": "you're headed to Singapore, use code POP"}, {"start": "00:16:00", "end": "00:16:04", "text": "10 for 10% off your ticket. Token 2049,"}, {"start": "00:16:03", "end": "00:16:05", "text": "October 7th and 8th in Singapore."}, {"start": "00:16:04", "end": "00:16:06", "text": "[music]"}, {"start": "00:16:05", "end": "00:16:09", "text": "Go check them out in the link in the"}, {"start": "00:16:06", "end": "00:16:11", "text": "description. This is I think uh we're"}, {"start": "00:16:09", "end": "00:16:13", "text": "talking about Block 5, but obviously"}, {"start": "00:16:11", "end": "00:16:17", "text": "there was Celsius Voyager, right? The"}, {"start": "00:16:13", "end": "00:16:19", "text": "FTX. Um but also like Allan Lane, the"}, {"start": "00:16:17", "end": "00:16:21", "text": "Silvergate CEO, recently wrote a piece"}, {"start": "00:16:19", "end": "00:16:23", "text": "and he basically was like Silvergate was"}, {"start": "00:16:21", "end": "00:16:26", "text": "able to process every single customer"}, {"start": "00:16:23", "end": "00:16:29", "text": "withdrawal. Silvergate was still solvent"}, {"start": "00:16:26", "end": "00:16:31", "text": "and basically my words not his but like"}, {"start": "00:16:29", "end": "00:16:32", "text": "we got taken out back and shot because"}, {"start": "00:16:31", "end": "00:16:35", "text": "we were pioneering in the crypto"}, {"start": "00:16:32", "end": "00:16:37", "text": "industry. What do you take from like I"}, {"start": "00:16:35", "end": "00:16:38", "text": "mean he's like a regulated bank like"}, {"start": "00:16:37", "end": "00:16:40", "text": "there's no like hey we're trying to"}, {"start": "00:16:38", "end": "00:16:42", "text": "figure out what the you know plan is."}, {"start": "00:16:40", "end": "00:16:44", "text": "It's like no dude we are a bank right we"}, {"start": "00:16:42", "end": "00:16:47", "text": "are overseen by these regulators and"}, {"start": "00:16:44", "end": "00:16:48", "text": "even he seems to be saying hey look you"}, {"start": "00:16:47", "end": "00:16:50", "text": "know there was some stuff that happened"}, {"start": "00:16:48", "end": "00:16:52", "text": "here that maybe people don't understand."}, {"start": "00:16:50", "end": "00:16:55", "text": "I encourage everyone to read I'm a big"}, {"start": "00:16:52", "end": "00:16:56", "text": "fan of Alan Lane's uh read his Substack"}, {"start": "00:16:55", "end": "00:16:58", "text": "post. It just came out this morning."}, {"start": "00:16:56", "end": "00:17:01", "text": "It's it's a wonderful post where I think"}, {"start": "00:16:58", "end": "00:17:02", "text": "he shares more details about uh some of"}, {"start": "00:17:01", "end": "00:17:05", "text": "the things that happened at Silvergate"}, {"start": "00:17:02", "end": "00:17:09", "text": "that led to their voluntary windown uh"}, {"start": "00:17:05", "end": "00:17:10", "text": "than he has before. Um but if you just"}, {"start": "00:17:09", "end": "00:17:12", "text": "zoomed out and you were reading a"}, {"start": "00:17:10", "end": "00:17:14", "text": "financial history book that said, \"Hey,"}, {"start": "00:17:12", "end": "00:17:16", "text": "there there were these pseudo regulated"}, {"start": "00:17:14", "end": "00:17:19", "text": "kind of unregulated crypto banks that"}, {"start": "00:17:16", "end": "00:17:21", "text": "got created at a period of time.\" Um and"}, {"start": "00:17:19", "end": "00:17:23", "text": "during that period of time some of the"}, {"start": "00:17:21", "end": "00:17:24", "text": "largest banks including a top 20 bank it"}, {"start": "00:17:23", "end": "00:17:27", "text": "wasn't just silvergate"}, {"start": "00:17:24", "end": "00:17:30", "text": ">> um Silicon Valley bank"}, {"start": "00:17:27", "end": "00:17:33", "text": ">> collapsed during this same you know 3 to"}, {"start": "00:17:30", "end": "00:17:34", "text": "six month window of time. So traditional"}, {"start": "00:17:33", "end": "00:17:36", "text": "banks have collapsed. What do you think"}, {"start": "00:17:34", "end": "00:17:38", "text": "happens to the crypto banks? Anybody"}, {"start": "00:17:36", "end": "00:17:39", "text": "who's familiar with financial history"}, {"start": "00:17:38", "end": "00:17:42", "text": "would probably say I bet the crypto"}, {"start": "00:17:39", "end": "00:17:44", "text": "banks uh went down as well. And then you"}, {"start": "00:17:42", "end": "00:17:46", "text": "you add in the that's just from a"}, {"start": "00:17:44", "end": "00:17:47", "text": "financial markets perspective. When you"}, {"start": "00:17:46", "end": "00:17:50", "text": "add in the regulatory lens and some of"}, {"start": "00:17:47", "end": "00:17:52", "text": "the things that Allan touched on some of"}, {"start": "00:17:50", "end": "00:17:56", "text": "the the"}, {"start": "00:17:52", "end": "00:17:58", "text": "um the delta between what you learned"}, {"start": "00:17:56", "end": "00:18:01", "text": "from fintech lessons of the past and"}, {"start": "00:17:58", "end": "00:18:02", "text": "then seeing how those things kind of"}, {"start": "00:18:01", "end": "00:18:05", "text": "changed in their application from the"}, {"start": "00:18:02", "end": "00:18:07", "text": "regulatory posture towards crypto. I"}, {"start": "00:18:05", "end": "00:18:09", "text": "think there's a strong case to be made"}, {"start": "00:18:07", "end": "00:18:12", "text": "and and a lot of people will will have"}, {"start": "00:18:09", "end": "00:18:14", "text": "said and will continue to say that uh"}, {"start": "00:18:12", "end": "00:18:17", "text": "the regulatory posture was wrong."}, {"start": "00:18:14", "end": "00:18:20", "text": ">> They got it wrong. I think I don't think"}, {"start": "00:18:17", "end": "00:18:21", "text": "they mince words at the time what they"}, {"start": "00:18:20", "end": "00:18:23", "text": "were trying to do. You know, they were"}, {"start": "00:18:21", "end": "00:18:25", "text": "recruiting a crypto anti-crypto army."}, {"start": "00:18:23", "end": "00:18:26", "text": "They were trying to kill crypto. They"}, {"start": "00:18:25", "end": "00:18:28", "text": "were trying, you know, all this kind of"}, {"start": "00:18:26", "end": "00:18:29", "text": "stuff. Whatever. Um I don't think we"}, {"start": "00:18:28", "end": "00:18:31", "text": "give them enough credit for how"}, {"start": "00:18:29", "end": "00:18:33", "text": "successful they were. Like they did not"}, {"start": "00:18:31", "end": "00:18:35", "text": "stop Bitcoin. They did not stop, you"}, {"start": "00:18:33", "end": "00:18:36", "text": "know, kind of the major coins. There"}, {"start": "00:18:35", "end": "00:18:39", "text": "were certain companies, Coinbase,"}, {"start": "00:18:36", "end": "00:18:41", "text": "Binance, you know, etc. But like even"}, {"start": "00:18:39", "end": "00:18:43", "text": "Binance, like I would argue that"}, {"start": "00:18:41", "end": "00:18:46", "text": "Binance, uh, they didn't die. They were"}, {"start": "00:18:43", "end": "00:18:49", "text": "wounded, right? FTX died, right? Some of"}, {"start": "00:18:46", "end": "00:18:52", "text": "these other companies died. Um,"}, {"start": "00:18:49", "end": "00:18:54", "text": ">> there was a lot of damage done in this"}, {"start": "00:18:52", "end": "00:18:57", "text": "kind of battle. uh the industry"}, {"start": "00:18:54", "end": "00:18:59", "text": "obviously has survived. But I also think"}, {"start": "00:18:57", "end": "00:19:00", "text": "that the new administration, many"}, {"start": "00:18:59", "end": "00:19:03", "text": "politicians on both the right and the"}, {"start": "00:19:00", "end": "00:19:05", "text": "left realized like maybe it's not best"}, {"start": "00:19:03", "end": "00:19:06", "text": "to do the battle again, you know, cuz"}, {"start": "00:19:05", "end": "00:19:07", "text": "you're kind of poking the bear and"}, {"start": "00:19:06", "end": "00:19:09", "text": "obviously they saw what happened with,"}, {"start": "00:19:07", "end": "00:19:10", "text": "you know, the packs and in the different"}, {"start": "00:19:09", "end": "00:19:13", "text": "elections and like it just kind of"}, {"start": "00:19:10", "end": "00:19:14", "text": "changed everything once everyone kind of"}, {"start": "00:19:13", "end": "00:19:16", "text": "like woke up from this battle and was"}, {"start": "00:19:14", "end": "00:19:17", "text": "kind of bloodied and then everyone was"}, {"start": "00:19:16", "end": "00:19:18", "text": "like, \"All right, well, like maybe we"}, {"start": "00:19:17", "end": "00:19:20", "text": "should figure out how to work together.\""}, {"start": "00:19:18", "end": "00:19:21", "text": ">> Well, and the question is what's your,"}, {"start": "00:19:20", "end": "00:19:24", "text": "you know, what's your goal as a"}, {"start": "00:19:21", "end": "00:19:28", "text": "regulator? I would I would argue that um"}, {"start": "00:19:24", "end": "00:19:31", "text": "one of the primary functions is to uh"}, {"start": "00:19:28", "end": "00:19:33", "text": "facilitate society functioning well"}, {"start": "00:19:31", "end": "00:19:34", "text": ">> and and as downstream of that is you"}, {"start": "00:19:33", "end": "00:19:38", "text": "know consumer certain levels of consumer"}, {"start": "00:19:34", "end": "00:19:41", "text": "protections uh with regard to financial"}, {"start": "00:19:38", "end": "00:19:43", "text": "transactions um and surely the crypto"}, {"start": "00:19:41", "end": "00:19:46", "text": "world that we live in now for things"}, {"start": "00:19:43", "end": "00:19:48", "text": "like Bitcoin where you have more options"}, {"start": "00:19:46", "end": "00:19:50", "text": "including regulated options brought to"}, {"start": "00:19:48", "end": "00:19:52", "text": "you by folks like Black Rockck and"}, {"start": "00:19:50", "end": "00:19:53", "text": "Fidelity and you have more publicly"}, {"start": "00:19:52", "end": "00:19:56", "text": "traded companies that operate in the"}, {"start": "00:19:53", "end": "00:19:58", "text": "crypto sector who are producing audited"}, {"start": "00:19:56", "end": "00:20:01", "text": "financials on a quarterly basis. Surely"}, {"start": "00:19:58", "end": "00:20:03", "text": "that's a better word or a better world"}, {"start": "00:20:01", "end": "00:20:05", "text": "if it's a given that crypto is going to"}, {"start": "00:20:03", "end": "00:20:06", "text": "exist, which I think it is. It it you"}, {"start": "00:20:05", "end": "00:20:09", "text": "can't put something that's a new"}, {"start": "00:20:06", "end": "00:20:11", "text": "technology like this back into the box."}, {"start": "00:20:09", "end": "00:20:13", "text": "And I just don't know that, you know,"}, {"start": "00:20:11", "end": "00:20:15", "text": "that that full kind of option set was"}, {"start": "00:20:13", "end": "00:20:17", "text": "being considered with some of the uh"}, {"start": "00:20:15", "end": "00:20:19", "text": "decisions that were made at at the time."}, {"start": "00:20:17", "end": "00:20:21", "text": "Now, you can also argue the other side,"}, {"start": "00:20:19", "end": "00:20:24", "text": "which is maybe we've gone maybe the"}, {"start": "00:20:21", "end": "00:20:26", "text": "pendulum has swung a little too far with"}, {"start": "00:20:24", "end": "00:20:28", "text": "this administration in terms of allowing"}, {"start": "00:20:26", "end": "00:20:30", "text": "certain things uh to happen, whether"}, {"start": "00:20:28", "end": "00:20:32", "text": "that's certain forms of gambling or or"}, {"start": "00:20:30", "end": "00:20:34", "text": "things with meme coins. I mean, there's,"}, {"start": "00:20:32", "end": "00:20:36", "text": "you know, there's there's arguments both"}, {"start": "00:20:34", "end": "00:20:38", "text": "ways. I'm generally a"}, {"start": "00:20:36", "end": "00:20:40", "text": ">> don't let the ping pendulum doesn't need"}, {"start": "00:20:38", "end": "00:20:41", "text": "to swing too far one way or the other"}, {"start": "00:20:40", "end": "00:20:43", "text": "kind of a person."}, {"start": "00:20:41", "end": "00:20:46", "text": ">> I think that the government is very bad"}, {"start": "00:20:43", "end": "00:20:48", "text": "at uh intricacies and nuance."}, {"start": "00:20:46", "end": "00:20:49", "text": ">> Totally. And you see it like"}, {"start": "00:20:48", "end": "00:20:51", "text": ">> well there's nuance in this crypto stuff"}, {"start": "00:20:49", "end": "00:20:54", "text": "right so you know silver [snorts]"}, {"start": "00:20:51", "end": "00:20:58", "text": "silvergate silicon valley banky"}, {"start": "00:20:54", "end": "00:21:01", "text": "some other companies who"}, {"start": "00:20:58", "end": "00:21:04", "text": "objectively never committed any type of"}, {"start": "00:21:01", "end": "00:21:08", "text": "fraud went down while others who"}, {"start": "00:21:04", "end": "00:21:10", "text": "objectively did commit fraud FTX Celsius"}, {"start": "00:21:08", "end": "00:21:12", "text": "went down and I think it's hard for"}, {"start": "00:21:10", "end": "00:21:14", "text": "people to distinguish between the two"}, {"start": "00:21:12", "end": "00:21:17", "text": "things and not just paint with a uh a"}, {"start": "00:21:14", "end": "00:21:19", "text": "single brush and say all you know some"}, {"start": "00:21:17", "end": "00:21:21", "text": "fraud therefore all companies in this"}, {"start": "00:21:19", "end": "00:21:22", "text": "category bad and we need to shut the"}, {"start": "00:21:21", "end": "00:21:24", "text": "whole thing down."}, {"start": "00:21:22", "end": "00:21:27", "text": ">> One aspect I I find fascinating in"}, {"start": "00:21:24", "end": "00:21:31", "text": "society is um we live in a very"}, {"start": "00:21:27", "end": "00:21:34", "text": "mimemetic time. So you know kind of uh"}, {"start": "00:21:31", "end": "00:21:37", "text": "the Democrat party very anti-crypto"}, {"start": "00:21:34", "end": "00:21:38", "text": "Trump counterpositions himself and is"}, {"start": "00:21:37", "end": "00:21:40", "text": "like I'm going to be the pro- crypto"}, {"start": "00:21:38", "end": "00:21:42", "text": "guy. Then they're like oh you're going"}, {"start": "00:21:40", "end": "00:21:43", "text": "to be the pro crypto guy. that a bunch"}, {"start": "00:21:42", "end": "00:21:45", "text": "of them are like, \"Well, we can't be"}, {"start": "00:21:43", "end": "00:21:47", "text": "anti-crypto, but let's be anti-Trump"}, {"start": "00:21:45", "end": "00:21:49", "text": "crypto,\" right? And it's just like this"}, {"start": "00:21:47", "end": "00:21:51", "text": "constant like battling back and forth. I"}, {"start": "00:21:49", "end": "00:21:55", "text": "do think that there's a very large"}, {"start": "00:21:51", "end": "00:21:58", "text": "silent majority that is just like create"}, {"start": "00:21:55", "end": "00:22:00", "text": "rules. Everyone shut up and get out of"}, {"start": "00:21:58", "end": "00:22:02", "text": "the way, right? But like like we need"}, {"start": "00:22:00", "end": "00:22:04", "text": "the clear rules, right? Which is good."}, {"start": "00:22:02", "end": "00:22:05", "text": "But in a weird way, like the the"}, {"start": "00:22:04", "end": "00:22:06", "text": "volatility back and forth between the"}, {"start": "00:22:05", "end": "00:22:08", "text": "political parties almost like helps to"}, {"start": "00:22:06", "end": "00:22:09", "text": "create the rules. It's just really"}, {"start": "00:22:08", "end": "00:22:12", "text": "painful for everyone who's putting in"}, {"start": "00:22:09", "end": "00:22:15", "text": "the industry. Let's say let's draw a"}, {"start": "00:22:12", "end": "00:22:17", "text": "line and say that 2022 um or 2023"}, {"start": "00:22:15", "end": "00:22:20", "text": "sometime in that time frame there's like"}, {"start": "00:22:17", "end": "00:22:22", "text": "precrypto war and then there is post"}, {"start": "00:22:20", "end": "00:22:25", "text": "crypto war. Pre-crypto war we could talk"}, {"start": "00:22:22", "end": "00:22:27", "text": "about for hours but post crypto war I"}, {"start": "00:22:25", "end": "00:22:28", "text": "think that you um at least in our"}, {"start": "00:22:27", "end": "00:22:31", "text": "conversations you kind of went through"}, {"start": "00:22:28", "end": "00:22:34", "text": "this journey of like all right what went"}, {"start": "00:22:31", "end": "00:22:36", "text": "wrong what did I learn what if anything"}, {"start": "00:22:34", "end": "00:22:39", "text": "do I want to do in crypto again you know"}, {"start": "00:22:36", "end": "00:22:41", "text": "etc. talk about like the lessons you're"}, {"start": "00:22:39", "end": "00:22:42", "text": "taking in applying now for Galaxy"}, {"start": "00:22:41", "end": "00:22:44", "text": "because I think there's a lot of people"}, {"start": "00:22:42", "end": "00:22:46", "text": "who say all right I know Zach as the CEO"}, {"start": "00:22:44", "end": "00:22:48", "text": "of BlockFi I kind of sort of know what"}, {"start": "00:22:46", "end": "00:22:49", "text": "happened but I frankly maybe even the"}, {"start": "00:22:48", "end": "00:22:52", "text": "conversation we just had is like helpful"}, {"start": "00:22:49", "end": "00:22:54", "text": "to better understand it what do you mean"}, {"start": "00:22:52", "end": "00:22:56", "text": "that there's you know uh I can earn"}, {"start": "00:22:54", "end": "00:22:57", "text": "interest or any of this stuff is it the"}, {"start": "00:22:56", "end": "00:22:59", "text": "same thing as BlockFi right so just"}, {"start": "00:22:57", "end": "00:23:00", "text": "maybe describe some of the nuance or"}, {"start": "00:22:59", "end": "00:23:02", "text": "changes and things that you guys have"}, {"start": "00:23:00", "end": "00:23:04", "text": "incorporated uh with Galaxy"}, {"start": "00:23:02", "end": "00:23:07", "text": ">> so I mean just just personally I I"}, {"start": "00:23:04", "end": "00:23:10", "text": "initially went through a stint of uh"}, {"start": "00:23:07", "end": "00:23:13", "text": "basically needed to to rest."}, {"start": "00:23:10", "end": "00:23:15", "text": "I didn't I didn't work for about 6"}, {"start": "00:23:13", "end": "00:23:17", "text": "months and then uh I think as part of my"}, {"start": "00:23:15", "end": "00:23:18", "text": "recovery process I went and did"}, {"start": "00:23:17", "end": "00:23:20", "text": "something completely different from"}, {"start": "00:23:18", "end": "00:23:22", "text": "crypto, completely different from uh"}, {"start": "00:23:20", "end": "00:23:25", "text": "venture capital back tech startups which"}, {"start": "00:23:22", "end": "00:23:28", "text": "is uh kind of how I broadly defined my"}, {"start": "00:23:25", "end": "00:23:30", "text": "work experience um prior to crypto. Uh"}, {"start": "00:23:28", "end": "00:23:33", "text": "and I was uh my the first thing I did"}, {"start": "00:23:30", "end": "00:23:36", "text": "was I was the CEO of a real estate cost"}, {"start": "00:23:33", "end": "00:23:39", "text": "segregation study firm. Uh so this is a"}, {"start": "00:23:36", "end": "00:23:41", "text": "a tool that real estate investors use to"}, {"start": "00:23:39", "end": "00:23:45", "text": "optimize their you know after tax"}, {"start": "00:23:41", "end": "00:23:48", "text": "returns. Um and you know what I liked"}, {"start": "00:23:45", "end": "00:23:50", "text": "about that was I like the I'm a personal"}, {"start": "00:23:48", "end": "00:23:54", "text": "finance nerd. I like the idea of helping"}, {"start": "00:23:50", "end": "00:23:57", "text": "people to understand finance um access"}, {"start": "00:23:54", "end": "00:23:59", "text": "finance in in you know easier ways or"}, {"start": "00:23:57", "end": "00:24:03", "text": "ways that are more beneficial for them."}, {"start": "00:23:59", "end": "00:24:04", "text": "Um and uh so so that was consistent even"}, {"start": "00:24:03", "end": "00:24:07", "text": "at the real estate firm but after a"}, {"start": "00:24:04", "end": "00:24:09", "text": "minute um it wasn't nearly as exciting"}, {"start": "00:24:07", "end": "00:24:12", "text": "as you know building something powered"}, {"start": "00:24:09", "end": "00:24:15", "text": "by technology. Uh and so I think post"}, {"start": "00:24:12", "end": "00:24:18", "text": "crypto war um personally my risk"}, {"start": "00:24:15", "end": "00:24:19", "text": "appetite decreased tremendously for the"}, {"start": "00:24:18", "end": "00:24:22", "text": "industry and for myself I think there's"}, {"start": "00:24:19", "end": "00:24:25", "text": "a lot more activity happening with"}, {"start": "00:24:22", "end": "00:24:27", "text": "crypto and things that excite me more"}, {"start": "00:24:25", "end": "00:24:30", "text": "generally speaking in traditional"}, {"start": "00:24:27", "end": "00:24:32", "text": "brokerage accounts than in the crypto"}, {"start": "00:24:30", "end": "00:24:35", "text": "market. And I say that from the"}, {"start": "00:24:32", "end": "00:24:37", "text": "perspective of a US consumer. Um, I"}, {"start": "00:24:35", "end": "00:24:39", "text": "think for folks outside the US, there's"}, {"start": "00:24:37", "end": "00:24:42", "text": "still some very interesting crypto"}, {"start": "00:24:39", "end": "00:24:44", "text": "applications, uh, in terms of stable"}, {"start": "00:24:42", "end": "00:24:45", "text": "coin adoption, in terms of tokenizing"}, {"start": "00:24:44", "end": "00:24:47", "text": "different forms of real world assets,"}, {"start": "00:24:45", "end": "00:24:49", "text": "whether that's stocks or other things,"}, {"start": "00:24:47", "end": "00:24:50", "text": "and democratizing"}, {"start": "00:24:49", "end": "00:24:51", "text": "access to some of the things that we"}, {"start": "00:24:50", "end": "00:24:54", "text": "have here in the US. There's some"}, {"start": "00:24:51", "end": "00:24:55", "text": "infrastructure stuff here in the US"}, {"start": "00:24:54", "end": "00:24:56", "text": "where, you know, we can reduce"}, {"start": "00:24:55", "end": "00:24:57", "text": "settlement times, we can put things on"}, {"start": "00:24:56", "end": "00:24:59", "text": "blockchains and make them more"}, {"start": "00:24:57", "end": "00:25:01", "text": "transparent that that I think could be"}, {"start": "00:24:59", "end": "00:25:04", "text": "interesting for parts of the securities"}, {"start": "00:25:01", "end": "00:25:07", "text": "technology stack. But for the average"}, {"start": "00:25:04", "end": "00:25:09", "text": "person who I was telling in 2015 on a"}, {"start": "00:25:07", "end": "00:25:10", "text": "blog that nobody read, you should get"}, {"start": "00:25:09", "end": "00:25:13", "text": "some exposure to Bitcoin or you should"}, {"start": "00:25:10", "end": "00:25:14", "text": "get some exposure to Ethereum, if you"}, {"start": "00:25:13", "end": "00:25:16", "text": "have, you know, liquid assets that"}, {"start": "00:25:14", "end": "00:25:20", "text": "you're investing and and a little bit of"}, {"start": "00:25:16", "end": "00:25:24", "text": "a, you know, appetite for risk. Um, now"}, {"start": "00:25:20", "end": "00:25:26", "text": "I say to that person, buy buy whatever"}, {"start": "00:25:24", "end": "00:25:28", "text": "brand you have the best affinity to"}, {"start": "00:25:26", "end": "00:25:30", "text": "between BlackRock, Fidelity, Bitwise,"}, {"start": "00:25:28", "end": "00:25:32", "text": "and you know, a couple other ETF issuers"}, {"start": "00:25:30", "end": "00:25:36", "text": "and put it in your brokerage account."}, {"start": "00:25:32", "end": "00:25:38", "text": "Um, and so, uh, I would say those are"}, {"start": "00:25:36", "end": "00:25:42", "text": "the two big things for me. One is risk"}, {"start": "00:25:38", "end": "00:25:43", "text": "appetite dramatically reduced. Um, I'm"}, {"start": "00:25:42", "end": "00:25:47", "text": "not interested in having a tussle with"}, {"start": "00:25:43", "end": "00:25:48", "text": "regulators again. I'm not interested in,"}, {"start": "00:25:47", "end": "00:25:50", "text": "uh,"}, {"start": "00:25:48", "end": "00:25:52", "text": "experiencing some of the things that I"}, {"start": "00:25:50", "end": "00:25:54", "text": "experience trying to generate a yield on"}, {"start": "00:25:52", "end": "00:25:58", "text": "crypto that doesn't natively produce it"}, {"start": "00:25:54", "end": "00:26:01", "text": "via, you know, proof of stake. Um,"}, {"start": "00:25:58", "end": "00:26:04", "text": "and I'm much more interested than I was"}, {"start": "00:26:01", "end": "00:26:07", "text": "back then in things like tax efficient"}, {"start": "00:26:04", "end": "00:26:09", "text": "investing via a brokerage account. Um,"}, {"start": "00:26:07", "end": "00:26:12", "text": "ways that you can optimize your personal"}, {"start": "00:26:09", "end": "00:26:15", "text": "balance sheet and position yourself"}, {"start": "00:26:12", "end": "00:26:16", "text": "correctly big picture utilizing some of"}, {"start": "00:26:15", "end": "00:26:18", "text": "the lessons that I learned from crypto."}, {"start": "00:26:16", "end": "00:26:21", "text": "I mean, I educated myself so much on"}, {"start": "00:26:18", "end": "00:26:25", "text": "macro topics through the crypto"}, {"start": "00:26:21", "end": "00:26:28", "text": "industry. Um, and so, you know, applying"}, {"start": "00:26:25", "end": "00:26:31", "text": "those lessons into building the platform"}, {"start": "00:26:28", "end": "00:26:32", "text": "at at Galaxy 1 is, uh, something I've"}, {"start": "00:26:31", "end": "00:26:34", "text": "been doing for a little over a year now."}, {"start": "00:26:32", "end": "00:26:36", "text": "And, uh, it's going really well so far,"}, {"start": "00:26:34", "end": "00:26:36", "text": "and we're having, uh, a ton of fun doing"}, {"start": "00:26:36", "end": "00:26:38", "text": "it."}, {"start": "00:26:36", "end": "00:26:41", "text": ">> What is Galaxy 1?"}, {"start": "00:26:38", "end": "00:26:43", "text": ">> Galaxy 1 is a is a financial app. We"}, {"start": "00:26:41", "end": "00:26:47", "text": "have a checking account product,"}, {"start": "00:26:43", "end": "00:26:50", "text": "brokerage account product, crypto uh"}, {"start": "00:26:47", "end": "00:26:52", "text": "product, and a uh product called Galaxy"}, {"start": "00:26:50", "end": "00:26:54", "text": "Premium Yield, which is like a private"}, {"start": "00:26:52", "end": "00:26:58", "text": "credit instrument where accredited"}, {"start": "00:26:54", "end": "00:27:00", "text": "investors can earn 8% on their cash."}, {"start": "00:26:58", "end": "00:27:02", "text": "Where we're aiming to fit in the"}, {"start": "00:27:00", "end": "00:27:03", "text": "financial ecosystem is kind of in"}, {"start": "00:27:02", "end": "00:27:06", "text": "between a private bank or a traditional"}, {"start": "00:27:03", "end": "00:27:08", "text": "registered investment advisor in terms"}, {"start": "00:27:06", "end": "00:27:10", "text": "of the level of customer service that we"}, {"start": "00:27:08", "end": "00:27:13", "text": "provide in terms of the types of"}, {"start": "00:27:10", "end": "00:27:16", "text": "advanced investing options and overall"}, {"start": "00:27:13", "end": "00:27:18", "text": "asset and liability full balance sheet"}, {"start": "00:27:16", "end": "00:27:21", "text": "management for our clients. In between"}, {"start": "00:27:18", "end": "00:27:22", "text": "that world and the world of fintech"}, {"start": "00:27:21", "end": "00:27:24", "text": "where you can do things at your"}, {"start": "00:27:22", "end": "00:27:28", "text": "fingertips, you've got AI tools built"}, {"start": "00:27:24", "end": "00:27:30", "text": "into the app. uh you have everything uh"}, {"start": "00:27:28", "end": "00:27:34", "text": "kind of in one place and easily"}, {"start": "00:27:30", "end": "00:27:37", "text": "accessible uh to you. Um but what we're"}, {"start": "00:27:34", "end": "00:27:38", "text": "not doing in the app that is something"}, {"start": "00:27:37", "end": "00:27:40", "text": "maybe we'll touch on that a lot of"}, {"start": "00:27:38", "end": "00:27:42", "text": "fintech apps are leaning into these days"}, {"start": "00:27:40", "end": "00:27:44", "text": "is stuff that's more in the category of"}, {"start": "00:27:42", "end": "00:27:46", "text": "gambling. Um whether that's prediction"}, {"start": "00:27:44", "end": "00:27:49", "text": "markets or c certain forms of like"}, {"start": "00:27:46", "end": "00:27:51", "text": "superleveraged investment options that"}, {"start": "00:27:49", "end": "00:27:54", "text": "it's hard to see fitting into any type"}, {"start": "00:27:51", "end": "00:27:55", "text": "of long-term portfolio. Uh so we won't"}, {"start": "00:27:54", "end": "00:27:56", "text": "be doing that stuff like a lot of"}, {"start": "00:27:55", "end": "00:27:59", "text": "fintech companies are."}, {"start": "00:27:56", "end": "00:28:01", "text": ">> It feels like um the ones who are doing"}, {"start": "00:27:59", "end": "00:28:02", "text": "that are purely looking at it from the"}, {"start": "00:28:01", "end": "00:28:03", "text": "numbers and they're like these markets"}, {"start": "00:28:02", "end": "00:28:05", "text": "are exploding."}, {"start": "00:28:03", "end": "00:28:07", "text": ">> Yeah. Can charge people 5% every time"}, {"start": "00:28:05", "end": "00:28:09", "text": "they they trade an event-based uh you"}, {"start": "00:28:07", "end": "00:28:13", "text": "know contract. Um it's a great way to"}, {"start": "00:28:09", "end": "00:28:14", "text": "make money. Uh I don't think it's uh I"}, {"start": "00:28:13", "end": "00:28:17", "text": "don't think platforms like that are"}, {"start": "00:28:14", "end": "00:28:19", "text": "where investors are going to manage"}, {"start": "00:28:17", "end": "00:28:22", "text": "large percentages of their long-term"}, {"start": "00:28:19", "end": "00:28:24", "text": "capital of their you know nest egg that"}, {"start": "00:28:22", "end": "00:28:26", "text": "they've built up for their family. you"}, {"start": "00:28:24", "end": "00:28:27", "text": "don't need that next. Uh,"}, {"start": "00:28:26", "end": "00:28:28", "text": ">> but I wonder how many of those platforms"}, {"start": "00:28:27", "end": "00:28:31", "text": "are even trying to get that money,"}, {"start": "00:28:28", "end": "00:28:34", "text": "right? Like that my read is let's just"}, {"start": "00:28:31", "end": "00:28:37", "text": "take um uh Robin Hood, let's take a"}, {"start": "00:28:34", "end": "00:28:40", "text": "Koshi, let's take a DraftKings, a Poly"}, {"start": "00:28:37", "end": "00:28:41", "text": "Market, um a FanDuel, right? Even"}, {"start": "00:28:40", "end": "00:28:44", "text": "Coinbase has started to, you know, add"}, {"start": "00:28:41", "end": "00:28:46", "text": "some of these contracts, etc."}, {"start": "00:28:44", "end": "00:28:49", "text": "I think most of them look at it as like"}, {"start": "00:28:46", "end": "00:28:53", "text": "hey we want the trading assets"}, {"start": "00:28:49", "end": "00:28:56", "text": "not like we want your you know uh your"}, {"start": "00:28:53", "end": "00:28:58", "text": "kids ch uh school tuition money you know"}, {"start": "00:28:56", "end": "00:29:00", "text": "type super extreme examples but like"}, {"start": "00:28:58", "end": "00:29:02", "text": "it's very much like a volumes based"}, {"start": "00:29:00", "end": "00:29:04", "text": "business versus more of a long-term"}, {"start": "00:29:02", "end": "00:29:04", "text": "oriented investor."}, {"start": "00:29:04", "end": "00:29:06", "text": ">> Sure."}, {"start": "00:29:04", "end": "00:29:07", "text": ">> And just naturally like a savings"}, {"start": "00:29:06", "end": "00:29:09", "text": "account versus a trading account you"}, {"start": "00:29:07", "end": "00:29:10", "text": "know are going to have different uh"}, {"start": "00:29:09", "end": "00:29:11", "text": "optimizations. Right."}, {"start": "00:29:10", "end": "00:29:13", "text": ">> Absolutely. And not saying that those"}, {"start": "00:29:11", "end": "00:29:15", "text": "aren't good businesses. [laughter]"}, {"start": "00:29:13", "end": "00:29:16", "text": ">> They're right. Listen, [gasps]"}, {"start": "00:29:15", "end": "00:29:18", "text": "I was an investor in many of those"}, {"start": "00:29:16", "end": "00:29:18", "text": "businesses. [laughter] I I get it,"}, {"start": "00:29:18", "end": "00:29:19", "text": "right? Or"}, {"start": "00:29:18", "end": "00:29:21", "text": ">> it's just it's just not where my"}, {"start": "00:29:19", "end": "00:29:23", "text": "personal interests lie. And part of that"}, {"start": "00:29:21", "end": "00:29:25", "text": "is probably just from the evolution of,"}, {"start": "00:29:23", "end": "00:29:27", "text": "you know, what I personally"}, {"start": "00:29:25", "end": "00:29:27", "text": ">> am interested in in my in my own"}, {"start": "00:29:27", "end": "00:29:29", "text": "investing."}, {"start": "00:29:27", "end": "00:29:31", "text": ">> Mhm. Today's episode is brought to you"}, {"start": "00:29:29", "end": "00:29:33", "text": "by Uphold. Are you someone who's tired"}, {"start": "00:29:31", "end": "00:29:35", "text": "of juggling multiple apps just to trade,"}, {"start": "00:29:33", "end": "00:29:37", "text": "earn, stake, or spend your crypto? Then"}, {"start": "00:29:35", "end": "00:29:40", "text": "listen up because Uphold does all of"}, {"start": "00:29:37", "end": "00:29:42", "text": "that in one single unified platform. You"}, {"start": "00:29:40", "end": "00:29:44", "text": "can access 300 plus crypto and fiat"}, {"start": "00:29:42", "end": "00:29:46", "text": "currencies with an interface that works"}, {"start": "00:29:44", "end": "00:29:48", "text": "for you whether you're a beginner or an"}, {"start": "00:29:46", "end": "00:29:52", "text": "expert. Uphold also features any to any"}, {"start": "00:29:48", "end": "00:29:54", "text": "swaps where you can swap crypto to fiat,"}, {"start": "00:29:52", "end": "00:29:55", "text": "fiat to metals, and tokens to tokens"}, {"start": "00:29:54", "end": "00:29:57", "text": "directly in the app. If you prefer"}, {"start": "00:29:55", "end": "00:30:00", "text": "self-custody, Uphold's vault gives you"}, {"start": "00:29:57", "end": "00:30:02", "text": "multi-stick security, key recovery,"}, {"start": "00:30:00", "end": "00:30:04", "text": "direct trading access, and peace of mind"}, {"start": "00:30:02", "end": "00:30:06", "text": "without giving up convenience. Uphold is"}, {"start": "00:30:04", "end": "00:30:08", "text": "also 100% reserved, meaning no"}, {"start": "00:30:06", "end": "00:30:10", "text": "fractional practices and proof of"}, {"start": "00:30:08", "end": "00:30:12", "text": "reserves are updated every 30 seconds,"}, {"start": "00:30:10", "end": "00:30:15", "text": "so you can verify your assets anytime."}, {"start": "00:30:12", "end": "00:30:17", "text": "For US users, you can even earn yield on"}, {"start": "00:30:15", "end": "00:30:19", "text": "dollars with the USD interest account."}, {"start": "00:30:17", "end": "00:30:21", "text": "No fees, no minimums, and funds are"}, {"start": "00:30:19", "end": "00:30:24", "text": "insured up to $2.5 million [music]"}, {"start": "00:30:21", "end": "00:30:26", "text": "through the Atomic Cash Suite program."}, {"start": "00:30:24", "end": "00:30:28", "text": "If you want one app for your entire"}, {"start": "00:30:26", "end": "00:30:31", "text": "digital [music] asset life, check out"}, {"start": "00:30:28", "end": "00:30:33", "text": "Uphold today. Go to uphold.com to learn"}, {"start": "00:30:31", "end": "00:30:35", "text": "more. Uphold.com. [music]"}, {"start": "00:30:33", "end": "00:30:37", "text": "Go check them out today. Today's episode"}, {"start": "00:30:35", "end": "00:30:38", "text": "is brought to you by Simple Mining."}, {"start": "00:30:37", "end": "00:30:40", "text": "Bitcoin mining has a reputation for"}, {"start": "00:30:38", "end": "00:30:42", "text": "being complicated, risky, and hard to"}, {"start": "00:30:40", "end": "00:30:45", "text": "evaluate as a real investment. If you're"}, {"start": "00:30:42", "end": "00:30:46", "text": "considering mining in 2026, what"}, {"start": "00:30:45", "end": "00:30:48", "text": "actually matters isn't headline"}, {"start": "00:30:46", "end": "00:30:50", "text": "profitability. It's uptime, repairs,"}, {"start": "00:30:48", "end": "00:30:52", "text": "[music] and whether the operation is run"}, {"start": "00:30:50", "end": "00:30:53", "text": "like a real business. That's why I've"}, {"start": "00:30:52", "end": "00:30:55", "text": "been using Simple Mining. They're based"}, {"start": "00:30:53", "end": "00:30:57", "text": "in Cedar Falls, Iowa, and they run a"}, {"start": "00:30:55", "end": "00:30:59", "text": "white glove hosting operation [music]"}, {"start": "00:30:57", "end": "00:31:01", "text": "where you own your miners. You choose"}, {"start": "00:30:59", "end": "00:31:03", "text": "your own pool, and you have Bitcoin sent"}, {"start": "00:31:01", "end": "00:31:04", "text": "directly to your wallet. They were"}, {"start": "00:31:03", "end": "00:31:06", "text": "featured on the Inc. 5000 [music] list"}, {"start": "00:31:04", "end": "00:31:08", "text": "as the fastest growing company in Iowa"}, {"start": "00:31:06", "end": "00:31:10", "text": "with over 40,000 machines under"}, {"start": "00:31:08", "end": "00:31:12", "text": "management. What stands out to me is"}, {"start": "00:31:10", "end": "00:31:14", "text": "execution. They have the number one"}, {"start": "00:31:12", "end": "00:31:16", "text": "rated ASIC repair center. And for the"}, {"start": "00:31:14", "end": "00:31:18", "text": "first 12 months, repairs are included."}, {"start": "00:31:16", "end": "00:31:20", "text": "If mining margins get tight, [music] you"}, {"start": "00:31:18", "end": "00:31:21", "text": "can pause with no penalties. And if you"}, {"start": "00:31:20", "end": "00:31:23", "text": "want to resize or upgrade your fleet,"}, {"start": "00:31:21", "end": "00:31:24", "text": "there's a marketplace to resell"}, {"start": "00:31:23", "end": "00:31:25", "text": "equipment [music] instead of being"}, {"start": "00:31:24", "end": "00:31:27", "text": "stuck. to help people think it through"}, {"start": "00:31:25", "end": "00:31:28", "text": "whether mining actually makes sense"}, {"start": "00:31:27", "end": "00:31:31", "text": "right now. [music] They put together a"}, {"start": "00:31:28", "end": "00:31:33", "text": "short resource called the 2026 Bitcoin"}, {"start": "00:31:31", "end": "00:31:34", "text": "mining blueprint. It walks through the"}, {"start": "00:31:33", "end": "00:31:36", "text": "five mistakes [music] investors make"}, {"start": "00:31:34", "end": "00:31:37", "text": "when allocating to mining and they also"}, {"start": "00:31:36", "end": "00:31:39", "text": "explain how to avoid them before"}, {"start": "00:31:37", "end": "00:31:40", "text": "deploying capital. If it sounds"}, {"start": "00:31:39", "end": "00:31:44", "text": "interesting to you, you can get it for"}, {"start": "00:31:40", "end": "00:31:47", "text": "free at simplemining.io/p."}, {"start": "00:31:44", "end": "00:31:49", "text": "That's simple.io/p. [music]"}, {"start": "00:31:47", "end": "00:31:51", "text": "Go check it out today and see if you"}, {"start": "00:31:49", "end": "00:31:54", "text": "should get into the mining game."}, {"start": "00:31:51", "end": "00:31:58", "text": "this premium yield uh one of the things"}, {"start": "00:31:54", "end": "00:32:00", "text": "that um I think I understand is it is"}, {"start": "00:31:58", "end": "00:32:04", "text": "for accredited investors they put their"}, {"start": "00:32:00", "end": "00:32:05", "text": "money in their cash they earn uh 8% and"}, {"start": "00:32:04", "end": "00:32:10", "text": "I think what's most interesting though"}, {"start": "00:32:05", "end": "00:32:13", "text": "is Galaxy is backing the fund with their"}, {"start": "00:32:10", "end": "00:32:15", "text": "balance sheet so"}, {"start": "00:32:13", "end": "00:32:16", "text": "there's never no risk but like it is"}, {"start": "00:32:15", "end": "00:32:18", "text": "drastically reducing the risk than if"}, {"start": "00:32:16", "end": "00:32:19", "text": "they were just doing this with you know"}, {"start": "00:32:18", "end": "00:32:20", "text": "some sort of private credit which"}, {"start": "00:32:19", "end": "00:32:22", "text": "obviously a lot of people have had"}, {"start": "00:32:20", "end": "00:32:23", "text": "questions about you know the marks or"}, {"start": "00:32:22", "end": "00:32:24", "text": "whatever."}, {"start": "00:32:23", "end": "00:32:27", "text": ">> Yeah. First off though I mean the reason"}, {"start": "00:32:24", "end": "00:32:29", "text": "that Galaxy is able to do this uh is"}, {"start": "00:32:27", "end": "00:32:31", "text": "because of their institutional lending"}, {"start": "00:32:29", "end": "00:32:34", "text": "desk which has principal outstanding"}, {"start": "00:32:31", "end": "00:32:36", "text": "over the last uh you know from the last"}, {"start": "00:32:34", "end": "00:32:38", "text": "earning earnings report of well north of"}, {"start": "00:32:36", "end": "00:32:42", "text": "a billion dollars. Um a large portion of"}, {"start": "00:32:38", "end": "00:32:43", "text": "that is cash and uh as a result you know"}, {"start": "00:32:42", "end": "00:32:45", "text": "crypto capital markets are still more"}, {"start": "00:32:43", "end": "00:32:47", "text": "expensive than traditional capital"}, {"start": "00:32:45", "end": "00:32:49", "text": "markets on a riskadjusted basis in my"}, {"start": "00:32:47", "end": "00:32:51", "text": "opinion. Um, and as a result, Galaxy"}, {"start": "00:32:49", "end": "00:32:52", "text": "can, you know, earn these yields through"}, {"start": "00:32:51", "end": "00:32:54", "text": "activities that it's already doing on"}, {"start": "00:32:52", "end": "00:32:56", "text": "the institutional side of the business."}, {"start": "00:32:54", "end": "00:33:00", "text": "We capped the size of our premium yield"}, {"start": "00:32:56", "end": "00:33:02", "text": "product on the Galaxy 1 app at $250"}, {"start": "00:33:00", "end": "00:33:05", "text": "million, which is just a fraction of its"}, {"start": "00:33:02", "end": "00:33:07", "text": "overall institutional lending book, and"}, {"start": "00:33:05", "end": "00:33:08", "text": "then Galaxy put a guarantee on it. In"}, {"start": "00:33:07", "end": "00:33:11", "text": "terms of how consumers actually interact"}, {"start": "00:33:08", "end": "00:33:13", "text": "with it, it's a uh it started as a"}, {"start": "00:33:11", "end": "00:33:14", "text": "60-day duration product. So, you put"}, {"start": "00:33:13", "end": "00:33:16", "text": "your money in when you want to get it"}, {"start": "00:33:14", "end": "00:33:18", "text": "out, 60 days later it comes out. We"}, {"start": "00:33:16", "end": "00:33:22", "text": "recently reduced that from 60 days down"}, {"start": "00:33:18", "end": "00:33:24", "text": "to 30 days. Um the rate is also uh"}, {"start": "00:33:22", "end": "00:33:26", "text": "variable with 30-day notice. We haven't"}, {"start": "00:33:24", "end": "00:33:28", "text": "changed it since we launched the product"}, {"start": "00:33:26", "end": "00:33:31", "text": "almost a year ago now. Um but the rate"}, {"start": "00:33:28", "end": "00:33:32", "text": "could change with 30-day notice. Uh and"}, {"start": "00:33:31", "end": "00:33:34", "text": "folks can withdraw their funds in 30"}, {"start": "00:33:32", "end": "00:33:39", "text": "days. So, I think it's a great option"}, {"start": "00:33:34", "end": "00:33:41", "text": "for folks with um short-term cash uh"}, {"start": "00:33:39", "end": "00:33:43", "text": "that they want to get an attractive uh"}, {"start": "00:33:41", "end": "00:33:45", "text": "an attractive yield on with the backing"}, {"start": "00:33:43", "end": "00:33:48", "text": "of, you know, Galaxy. We publicly traded"}, {"start": "00:33:45", "end": "00:33:51", "text": "on the NASDAQ north of a $10 billion"}, {"start": "00:33:48", "end": "00:33:53", "text": "market cap last time I checked. Um so,"}, {"start": "00:33:51", "end": "00:33:57", "text": "uh yeah, it's an attractive product."}, {"start": "00:33:53", "end": "00:33:58", "text": ">> Now, that's for like dollar cash,"}, {"start": "00:33:57", "end": "00:34:00", "text": ">> correct?"}, {"start": "00:33:58", "end": "00:34:02", "text": ">> You also have a crypto portfolio lending"}, {"start": "00:34:00", "end": "00:34:04", "text": "product. How does that work? We we"}, {"start": "00:34:02", "end": "00:34:05", "text": "recently launched a crypto portfolio"}, {"start": "00:34:04", "end": "00:34:08", "text": "line of credit product that's for"}, {"start": "00:34:05", "end": "00:34:12", "text": "borrowing cash. So if you have a"}, {"start": "00:34:08", "end": "00:34:14", "text": "portfolio either of just Bitcoin uh or"}, {"start": "00:34:12", "end": "00:34:16", "text": "Bitcoin, Ethereum and Salana, you can"}, {"start": "00:34:14", "end": "00:34:19", "text": "now borrow against those assets as a as"}, {"start": "00:34:16", "end": "00:34:22", "text": "a single portfolio on Galaxy 1 at a rate"}, {"start": "00:34:19", "end": "00:34:24", "text": "below 9% uh which to my knowledge is the"}, {"start": "00:34:22", "end": "00:34:28", "text": "best rate that you can get in in you"}, {"start": "00:34:24", "end": "00:34:29", "text": "know CFI land in crypto. Um and it's a"}, {"start": "00:34:28", "end": "00:34:31", "text": "flexible product. You can come in and"}, {"start": "00:34:29", "end": "00:34:33", "text": "out with no origination fees. You can"}, {"start": "00:34:31", "end": "00:34:36", "text": "pay it off any time. It's monthly"}, {"start": "00:34:33", "end": "00:34:38", "text": "interest throughout the duration of uh"}, {"start": "00:34:36", "end": "00:34:42", "text": "the time that you've drawn on the on the"}, {"start": "00:34:38", "end": "00:34:45", "text": "line of credit. And while you have your"}, {"start": "00:34:42", "end": "00:34:47", "text": "assets staked, uh if you're staking"}, {"start": "00:34:45", "end": "00:34:50", "text": "Salana and borrowing against it, you"}, {"start": "00:34:47", "end": "00:34:51", "text": "still earn the Salana staking rewards um"}, {"start": "00:34:50", "end": "00:34:51", "text": "even while they're posted as collateral."}, {"start": "00:34:51", "end": "00:34:53", "text": "So,"}, {"start": "00:34:51", "end": "00:34:54", "text": ">> and what is like Salana staking rewards"}, {"start": "00:34:53", "end": "00:34:57", "text": "right now? Do you know?"}, {"start": "00:34:54", "end": "00:34:58", "text": ">> I think it's ballpark 6%. Um, and we're"}, {"start": "00:34:57", "end": "00:35:02", "text": "offering Salana staking. You know,"}, {"start": "00:34:58", "end": "00:35:06", "text": "Galaxy also has a large uh business as a"}, {"start": "00:35:02", "end": "00:35:09", "text": "uh uh staking infrastructure provider to"}, {"start": "00:35:06", "end": "00:35:11", "text": "uh institutions. We're piggybacking off"}, {"start": "00:35:09", "end": "00:35:13", "text": "of that infrastructure and offering"}, {"start": "00:35:11", "end": "00:35:14", "text": "staking on the Galaxy 1 app."}, {"start": "00:35:13", "end": "00:35:16", "text": ">> And because we're piggybacking off of"}, {"start": "00:35:14", "end": "00:35:18", "text": "that, we're actually offering staking"}, {"start": "00:35:16", "end": "00:35:21", "text": "with zero commissions currently through"}, {"start": "00:35:18", "end": "00:35:24", "text": "the end of the year. um compare that to,"}, {"start": "00:35:21", "end": "00:35:27", "text": "you know, 20 25 30% that you're paying"}, {"start": "00:35:24", "end": "00:35:29", "text": "in uh fees off of your staking"}, {"start": "00:35:27", "end": "00:35:30", "text": "commissions at at a lot of other uh"}, {"start": "00:35:29", "end": "00:35:34", "text": "platforms."}, {"start": "00:35:30", "end": "00:35:36", "text": ">> So, I could technically borrow at 9% or"}, {"start": "00:35:34", "end": "00:35:39", "text": "something and I'm still earning the 6%"}, {"start": "00:35:36", "end": "00:35:42", "text": "on it and so it's like a blended 3%, you"}, {"start": "00:35:39", "end": "00:35:42", "text": "know, cost of capital is like one way to"}, {"start": "00:35:42", "end": "00:35:43", "text": "think about it."}, {"start": "00:35:42", "end": "00:35:48", "text": ">> That's one way to think about it."}, {"start": "00:35:43", "end": "00:35:50", "text": ">> Yeah. I It's very uh uh very unique. Um,"}, {"start": "00:35:48", "end": "00:35:51", "text": "you also have brokerage."}, {"start": "00:35:50", "end": "00:35:53", "text": ">> We have a brokerage."}, {"start": "00:35:51", "end": "00:35:56", "text": ">> So, the idea here really is to build"}, {"start": "00:35:53", "end": "00:35:57", "text": "kind of like a one app for all of your"}, {"start": "00:35:56", "end": "00:35:59", "text": "financial needs, but it's less focused"}, {"start": "00:35:57", "end": "00:36:02", "text": "on trading and and kind of speculation"}, {"start": "00:35:59", "end": "00:36:03", "text": "and more focused on kind of just like"}, {"start": "00:36:02", "end": "00:36:06", "text": "good timeless investing principles."}, {"start": "00:36:03", "end": "00:36:08", "text": ">> Good timeless investing principles, full"}, {"start": "00:36:06", "end": "00:36:10", "text": "balance sheet management. So, you know,"}, {"start": "00:36:08", "end": "00:36:12", "text": "the the crypto portfolio line of credit"}, {"start": "00:36:10", "end": "00:36:14", "text": "I think is a marketleading borrowing"}, {"start": "00:36:12", "end": "00:36:17", "text": "option if you want to borrow against"}, {"start": "00:36:14", "end": "00:36:19", "text": "your crypto. we'll be coming out with uh"}, {"start": "00:36:17", "end": "00:36:21", "text": "a similar option for brokerage account"}, {"start": "00:36:19", "end": "00:36:24", "text": "assets over time. I also think we'll"}, {"start": "00:36:21", "end": "00:36:26", "text": "look at um different types of lending"}, {"start": "00:36:24", "end": "00:36:28", "text": "whether that's real estate lending or or"}, {"start": "00:36:26", "end": "00:36:32", "text": "other forms of lending to clients of the"}, {"start": "00:36:28", "end": "00:36:34", "text": "Galaxy 1 app over time. Um and yeah, you"}, {"start": "00:36:32", "end": "00:36:38", "text": "have, you know, banking, brokerage,"}, {"start": "00:36:34", "end": "00:36:42", "text": "crypto, and attractive alternative"}, {"start": "00:36:38", "end": "00:36:44", "text": "investments all uh under one roof. And I"}, {"start": "00:36:42", "end": "00:36:45", "text": "think we'll be doing other things that,"}, {"start": "00:36:44", "end": "00:36:47", "text": "you know, I think there's a large"}, {"start": "00:36:45", "end": "00:36:49", "text": "audience. A lot of them listen to your"}, {"start": "00:36:47", "end": "00:36:51", "text": "podcast. You talk about self-directed"}, {"start": "00:36:49", "end": "00:36:54", "text": "investors and the tools that are"}, {"start": "00:36:51", "end": "00:36:56", "text": "available to them. Um, I like this"}, {"start": "00:36:54", "end": "00:36:59", "text": "concept of unbundling the traditional"}, {"start": "00:36:56", "end": "00:37:02", "text": "registered investment advisor model. A"}, {"start": "00:36:59", "end": "00:37:06", "text": "lot of folks now are aware that paying"}, {"start": "00:37:02", "end": "00:37:08", "text": "1% on aum to an asset manager uh can"}, {"start": "00:37:06", "end": "00:37:10", "text": "produce quite a drag on your portfolio"}, {"start": "00:37:08", "end": "00:37:12", "text": "over the long term. But there are pieces"}, {"start": "00:37:10", "end": "00:37:14", "text": "of what registered investment advisors"}, {"start": "00:37:12", "end": "00:37:17", "text": "do that I think folks are very"}, {"start": "00:37:14", "end": "00:37:18", "text": "interested in. And so they just don't"}, {"start": "00:37:17", "end": "00:37:20", "text": "want to pay a 1% fee to get access to"}, {"start": "00:37:18", "end": "00:37:23", "text": "all of those. And so you'll you'll be"}, {"start": "00:37:20", "end": "00:37:26", "text": "seeing things from us um around that"}, {"start": "00:37:23", "end": "00:37:28", "text": "theme uh you know for the foreseeable"}, {"start": "00:37:26", "end": "00:37:29", "text": "future with new products that uh that we"}, {"start": "00:37:28", "end": "00:37:32", "text": "have in the pipeline."}, {"start": "00:37:29", "end": "00:37:34", "text": ">> There's a uh financial advisor online is"}, {"start": "00:37:32", "end": "00:37:37", "text": "chirping at me one day."}, {"start": "00:37:34", "end": "00:37:39", "text": "I was just like who is this guy? You"}, {"start": "00:37:37", "end": "00:37:41", "text": "click on the profile, go to the link in"}, {"start": "00:37:39", "end": "00:37:44", "text": "his bio, end up on some, you know,"}, {"start": "00:37:41", "end": "00:37:47", "text": "financial advisor somewhere in America,"}, {"start": "00:37:44", "end": "00:37:51", "text": "start scrolling through. I don't got"}, {"start": "00:37:47", "end": "00:37:52", "text": "time for all this. See the ADV, go and I"}, {"start": "00:37:51", "end": "00:37:53", "text": "just start looking where's the fees."}, {"start": "00:37:52", "end": "00:37:56", "text": ">> Yeah."}, {"start": "00:37:53", "end": "00:37:59", "text": ">> They charge up to a 1.75%"}, {"start": "00:37:56", "end": "00:38:02", "text": "management fee on the financial"}, {"start": "00:37:59", "end": "00:38:04", "text": "advising, you know, assets. So not like"}, {"start": "00:38:02", "end": "00:38:06", "text": "a venture capitalist who's like hey I'm"}, {"start": "00:38:04", "end": "00:38:07", "text": "going to outperform the market or you"}, {"start": "00:38:06", "end": "00:38:08", "text": "know whatever right and whether they do"}, {"start": "00:38:07", "end": "00:38:10", "text": "that or not it's kind of for you to"}, {"start": "00:38:08", "end": "00:38:13", "text": "underwrite this is just like a pure"}, {"start": "00:38:10", "end": "00:38:15", "text": "financial adviser 1.75 and there was you"}, {"start": "00:38:13", "end": "00:38:17", "text": "know a discount to fees the more size"}, {"start": "00:38:15", "end": "00:38:19", "text": "you know of your account or whatever but"}, {"start": "00:38:17", "end": "00:38:22", "text": "I was just like man in what world are"}, {"start": "00:38:19", "end": "00:38:23", "text": "people paying 1.75%"}, {"start": "00:38:22", "end": "00:38:25", "text": "to a financial adviser who based on his"}, {"start": "00:38:23", "end": "00:38:27", "text": "critiques of me obviously he's not that"}, {"start": "00:38:25", "end": "00:38:30", "text": "smart um but you know I was kind of just"}, {"start": "00:38:27", "end": "00:38:31", "text": "like thinking to myself I'm like man"}, {"start": "00:38:30", "end": "00:38:33", "text": "there's obviously great financial"}, {"start": "00:38:31", "end": "00:38:34", "text": "advisors, there's great firms, there's"}, {"start": "00:38:33", "end": "00:38:36", "text": "great I mean these people have built"}, {"start": "00:38:34", "end": "00:38:40", "text": "massive businesses. But it is kind of"}, {"start": "00:38:36", "end": "00:38:45", "text": "crazy that in 2026 people are still"}, {"start": "00:38:40", "end": "00:38:48", "text": "getting charged insane fees from maybe"}, {"start": "00:38:45", "end": "00:38:50", "text": "for you know kind of average firms or"}, {"start": "00:38:48", "end": "00:38:51", "text": "average you know kind of solutions in"}, {"start": "00:38:50", "end": "00:38:52", "text": "the market."}, {"start": "00:38:51", "end": "00:38:54", "text": ">> Yeah. Yeah. And a lot of times they're"}, {"start": "00:38:52", "end": "00:38:57", "text": "sticking you in a traditional 60/40"}, {"start": "00:38:54", "end": "00:38:58", "text": "portfolio, which I would argue for a lot"}, {"start": "00:38:57", "end": "00:39:01", "text": "of folks who have gone through the"}, {"start": "00:38:58", "end": "00:39:06", "text": "education process that that you and I"}, {"start": "00:39:01", "end": "00:39:10", "text": "have. Um is not appropriate given the"}, {"start": "00:39:06", "end": "00:39:12", "text": "risk appetite uh of the client. Um if"}, {"start": "00:39:10", "end": "00:39:14", "text": "you're under the age of 40, I don't"}, {"start": "00:39:12", "end": "00:39:16", "text": "think you need a 40% allocation to"}, {"start": "00:39:14", "end": "00:39:18", "text": "bonds. Maybe even if you're under the"}, {"start": "00:39:16", "end": "00:39:22", "text": "age of 50 or 60 depending on on your"}, {"start": "00:39:18", "end": "00:39:25", "text": "situation. But um I mean you you talk"}, {"start": "00:39:22", "end": "00:39:26", "text": "about you know bonds uh and fixed income"}, {"start": "00:39:25", "end": "00:39:28", "text": "all the time. Um"}, {"start": "00:39:26", "end": "00:39:29", "text": ">> I love the TLT chart. It can really get"}, {"start": "00:39:28", "end": "00:39:32", "text": "some people going. [laughter]"}, {"start": "00:39:29", "end": "00:39:34", "text": "[gasps] Down 50% in the last 5 years,"}, {"start": "00:39:32", "end": "00:39:35", "text": ">> right? And so um"}, {"start": "00:39:34", "end": "00:39:37", "text": ">> they tell me that's not real bonds."}, {"start": "00:39:35", "end": "00:39:38", "text": ">> We're we're going to be, you know, on"}, {"start": "00:39:37", "end": "00:39:40", "text": "the on the asset side of bringing"}, {"start": "00:39:38", "end": "00:39:44", "text": "products to our clients. We're going to"}, {"start": "00:39:40", "end": "00:39:46", "text": "be re-evaluating some of those um you"}, {"start": "00:39:44", "end": "00:39:48", "text": "know, time-tested principles. Uh, I"}, {"start": "00:39:46", "end": "00:39:50", "text": "don't think it's too risky for someone"}, {"start": "00:39:48", "end": "00:39:53", "text": "under the age of 40 to be allocated to a"}, {"start": "00:39:50", "end": "00:39:55", "text": "portfolio that's 100% equities or or"}, {"start": "00:39:53", "end": "00:39:57", "text": "equity-like instruments."}, {"start": "00:39:55", "end": "00:40:00", "text": ">> Um, take that a step further."}, {"start": "00:39:57", "end": "00:40:02", "text": ">> Uh, depending on where that person is in"}, {"start": "00:40:00", "end": "00:40:05", "text": "their life cycle of investing, is it a"}, {"start": "00:40:02", "end": "00:40:08", "text": "bad thing to put a conservative amount"}, {"start": "00:40:05", "end": "00:40:10", "text": "of leverage on that portfolio? When I"}, {"start": "00:40:08", "end": "00:40:14", "text": "say conservative amount of leverage, I'm"}, {"start": "00:40:10", "end": "00:40:16", "text": "talking like in the 10 to 30% range, not"}, {"start": "00:40:14", "end": "00:40:18", "text": "you know two, three, four, 5x like you"}, {"start": "00:40:16", "end": "00:40:20", "text": "can do with with per equities. But um"}, {"start": "00:40:18", "end": "00:40:21", "text": "you know there have been uh really"}, {"start": "00:40:20", "end": "00:40:24", "text": "famous researchers and professors who've"}, {"start": "00:40:21", "end": "00:40:27", "text": "written books and showed mathematically"}, {"start": "00:40:24", "end": "00:40:29", "text": "that that is the mathematically"}, {"start": "00:40:27", "end": "00:40:31", "text": "uh sound way to approach investing when"}, {"start": "00:40:29", "end": "00:40:33", "text": "you're young in your earning years and"}, {"start": "00:40:31", "end": "00:40:36", "text": "you're you know um building up your"}, {"start": "00:40:33", "end": "00:40:38", "text": "asset base. And so we're thinking about"}, {"start": "00:40:36", "end": "00:40:40", "text": "those things. We have products uh coming"}, {"start": "00:40:38", "end": "00:40:44", "text": "out over the course of the coming months"}, {"start": "00:40:40", "end": "00:40:47", "text": "that um will help to illustrate this"}, {"start": "00:40:44", "end": "00:40:49", "text": "view and make this view accessible to uh"}, {"start": "00:40:47", "end": "00:40:52", "text": "clients of the app in addition to"}, {"start": "00:40:49", "end": "00:40:54", "text": "continuing to have market leading crypto"}, {"start": "00:40:52", "end": "00:40:55", "text": "products, continuing to add things in"}, {"start": "00:40:54", "end": "00:40:58", "text": "the in the banking sector, whether"}, {"start": "00:40:55", "end": "00:41:00", "text": "that's new payment functionality. Um,"}, {"start": "00:40:58", "end": "00:41:02", "text": "you know, one of the things that that"}, {"start": "00:41:00", "end": "00:41:04", "text": "private banks do that I absolutely love"}, {"start": "00:41:02", "end": "00:41:06", "text": "is they make it really easy to send"}, {"start": "00:41:04", "end": "00:41:08", "text": "wires, which if you're someone who, you"}, {"start": "00:41:06", "end": "00:41:11", "text": "know, allocates to a venture capital"}, {"start": "00:41:08", "end": "00:41:14", "text": "fund or, you know, has to pay uh"}, {"start": "00:41:11", "end": "00:41:16", "text": "contractors for home renovations or or"}, {"start": "00:41:14", "end": "00:41:18", "text": "something on a schedule, you might have"}, {"start": "00:41:16", "end": "00:41:21", "text": "to send a wire or two every month. And"}, {"start": "00:41:18", "end": "00:41:24", "text": "um it is painful to type in, you know,"}, {"start": "00:41:21", "end": "00:41:26", "text": "manually to in this day and age, the"}, {"start": "00:41:24", "end": "00:41:28", "text": "fact that so many people still have to"}, {"start": "00:41:26", "end": "00:41:30", "text": "go to a bank branch to verify or"}, {"start": "00:41:28", "end": "00:41:31", "text": "manually type in wire instructions."}, {"start": "00:41:30", "end": "00:41:34", "text": "There's also a lot of just these"}, {"start": "00:41:31", "end": "00:41:36", "text": "operational things that I've experienced"}, {"start": "00:41:34", "end": "00:41:39", "text": "personally and validated with other"}, {"start": "00:41:36", "end": "00:41:42", "text": "people that we want to um help to"}, {"start": "00:41:39", "end": "00:41:44", "text": "automate and make way easier for clients"}, {"start": "00:41:42", "end": "00:41:46", "text": "of the Galaxy 1 app."}, {"start": "00:41:44", "end": "00:41:47", "text": ">> Do you think that uh like agents will do"}, {"start": "00:41:46", "end": "00:41:50", "text": "all that stuff in the future? Right."}, {"start": "00:41:47", "end": "00:41:52", "text": "like uh I see people online there's like"}, {"start": "00:41:50", "end": "00:41:55", "text": "you know I told my agent like go pay"}, {"start": "00:41:52", "end": "00:41:57", "text": "this and I don't know I see a screenshot"}, {"start": "00:41:55", "end": "00:41:58", "text": "says paid like I I guess the agent did"}, {"start": "00:41:57", "end": "00:42:00", "text": "it this claim like is that something"}, {"start": "00:41:58", "end": "00:42:02", "text": "that you guys would ever turn on? Yeah,"}, {"start": "00:42:00", "end": "00:42:06", "text": "we're we're having a lot of debate"}, {"start": "00:42:02", "end": "00:42:08", "text": "internally around um whether you know"}, {"start": "00:42:06", "end": "00:42:12", "text": "whether the main way that that should"}, {"start": "00:42:08", "end": "00:42:14", "text": "happen is through us having good uh"}, {"start": "00:42:12", "end": "00:42:17", "text": "essentially um kind of command line"}, {"start": "00:42:14", "end": "00:42:20", "text": "interfaces where we open up the app and"}, {"start": "00:42:17", "end": "00:42:23", "text": "enable our users to give whatever AI"}, {"start": "00:42:20", "end": "00:42:26", "text": "agent they want to use the requisite"}, {"start": "00:42:23", "end": "00:42:29", "text": "permissions within the Galaxy 1 app and"}, {"start": "00:42:26", "end": "00:42:31", "text": "then have an external agent uh"}, {"start": "00:42:29", "end": "00:42:34", "text": "instructing the app on behalf of the"}, {"start": "00:42:31", "end": "00:42:37", "text": "user or if it's to have kind of natively"}, {"start": "00:42:34", "end": "00:42:39", "text": "built into the app AI agent-like"}, {"start": "00:42:37", "end": "00:42:41", "text": "functionality where you can just say the"}, {"start": "00:42:39", "end": "00:42:43", "text": "same way you would to to you know"}, {"start": "00:42:41", "end": "00:42:47", "text": "whatever AI system you like to use but"}, {"start": "00:42:43", "end": "00:42:51", "text": "within our app hey do X Y and Z once a"}, {"start": "00:42:47", "end": "00:42:55", "text": "month or you know monitor these property"}, {"start": "00:42:51", "end": "00:42:58", "text": "tax bills and pay them when they're due"}, {"start": "00:42:55", "end": "00:43:00", "text": "you know like so um TBD we might"}, {"start": "00:42:58", "end": "00:43:02", "text": "ultimately end up with a of both. Uh"}, {"start": "00:43:00", "end": "00:43:04", "text": "there are some like compliance and"}, {"start": "00:43:02", "end": "00:43:05", "text": "security things that we're thinking"}, {"start": "00:43:04", "end": "00:43:07", "text": "through with the command line prompting"}, {"start": "00:43:05", "end": "00:43:10", "text": "for financial transactions. That's"}, {"start": "00:43:07", "end": "00:43:12", "text": "certainly um could get risky if somebody"}, {"start": "00:43:10", "end": "00:43:13", "text": "has a third party AI that they give"}, {"start": "00:43:12", "end": "00:43:15", "text": "access to our system and then it does"}, {"start": "00:43:13", "end": "00:43:17", "text": "something that the user doesn't like."}, {"start": "00:43:15", "end": "00:43:19", "text": "And um so we're we're working through"}, {"start": "00:43:17", "end": "00:43:20", "text": "that stuff. But uh for anybody that"}, {"start": "00:43:19", "end": "00:43:23", "text": "doesn't know,"}, {"start": "00:43:20", "end": "00:43:24", "text": ">> Galaxy is an incredibly AI forward"}, {"start": "00:43:23", "end": "00:43:27", "text": "company. I mean we didn't we didn't"}, {"start": "00:43:24", "end": "00:43:30", "text": "touch on uh Galaxy corporate at the"}, {"start": "00:43:27", "end": "00:43:32", "text": "outset but um Galaxy essentially has two"}, {"start": "00:43:30", "end": "00:43:34", "text": "large businesses now. It's crypto"}, {"start": "00:43:32", "end": "00:43:36", "text": "business which started in institutional"}, {"start": "00:43:34", "end": "00:43:39", "text": "financial services and has expanded into"}, {"start": "00:43:36", "end": "00:43:41", "text": "retail with the Galaxy one app but it's"}, {"start": "00:43:39", "end": "00:43:44", "text": "also now in the AI data center business"}, {"start": "00:43:41", "end": "00:43:49", "text": "with uh a larger than 5 gawatt power"}, {"start": "00:43:44", "end": "00:43:52", "text": "pipeline um in Texas uh primarily at its"}, {"start": "00:43:49", "end": "00:43:54", "text": "helio helios campus but also uh galaxy's"}, {"start": "00:43:52", "end": "00:43:57", "text": "now multi multia campus now in terms of"}, {"start": "00:43:54", "end": "00:43:59", "text": "its data center sites and so um I think"}, {"start": "00:43:57", "end": "00:44:01", "text": "there's really interesting crossover"}, {"start": "00:43:59", "end": "00:44:03", "text": "applications of those two things in time"}, {"start": "00:44:01", "end": "00:44:05", "text": "and the culture within the firm just"}, {"start": "00:44:03", "end": "00:44:06", "text": "generally speaking is incredibly AI"}, {"start": "00:44:05", "end": "00:44:07", "text": "forward."}, {"start": "00:44:06", "end": "00:44:09", "text": ">> You guys just did uh the football"}, {"start": "00:44:07", "end": "00:44:09", "text": "stadium, right? Was it Texas?"}, {"start": "00:44:09", "end": "00:44:11", "text": ">> Texas Tech."}, {"start": "00:44:09", "end": "00:44:12", "text": ">> And I'm originally from Texas, so this"}, {"start": "00:44:11", "end": "00:44:14", "text": "is near and dear to my heart. I mean, I"}, {"start": "00:44:12", "end": "00:44:16", "text": "haven't been there yet. I'm hoping that"}, {"start": "00:44:14", "end": "00:44:17", "text": "uh I'm hoping that I'll be on the list"}, {"start": "00:44:16", "end": "00:44:18", "text": "for the the Galaxy."}, {"start": "00:44:17", "end": "00:44:20", "text": ">> Alex Thornne. How did Alex Thorne get"}, {"start": "00:44:18", "end": "00:44:22", "text": "out there? I saw him. He was already out"}, {"start": "00:44:20", "end": "00:44:24", "text": "there. I said, \"What the heck?\" If I ask"}, {"start": "00:44:22", "end": "00:44:25", "text": "him, I text him. I say, \"I was going to"}, {"start": "00:44:24", "end": "00:44:26", "text": "record a podcast.\" That's what I'm"}, {"start": "00:44:25", "end": "00:44:26", "text": "telling. [laughter]"}, {"start": "00:44:26", "end": "00:44:28", "text": ">> I'm hoping I'll get"}, {"start": "00:44:26", "end": "00:44:31", "text": ">> doing research. the moment I'll get on"}, {"start": "00:44:28", "end": "00:44:33", "text": "the list at on the list for for a game"}, {"start": "00:44:31", "end": "00:44:34", "text": "at some point. But um yeah, Galaxy"}, {"start": "00:44:33", "end": "00:44:35", "text": "Stadium in Lick, Texas now."}, {"start": "00:44:34", "end": "00:44:37", "text": ">> It's pretty crazy."}, {"start": "00:44:35", "end": "00:44:39", "text": ">> It's uh it's awesome. It's it's awesome."}, {"start": "00:44:37", "end": "00:44:41", "text": ">> All right. Where can we send people to"}, {"start": "00:44:39", "end": "00:44:43", "text": "uh check out Galaxy 1 uh app?"}, {"start": "00:44:41", "end": "00:44:44", "text": ">> Um you can get there through Galaxy's,"}, {"start": "00:44:43", "end": "00:44:48", "text": "you know, corporate website as well, or"}, {"start": "00:44:44", "end": "00:44:51", "text": "you can just uh search Galaxy 1 in any"}, {"start": "00:44:48", "end": "00:44:54", "text": "app store, iPhone or Android. Um we're"}, {"start": "00:44:51", "end": "00:44:56", "text": "also on Twitter. Uh, we have phone"}, {"start": "00:44:54", "end": "00:44:58", "text": "customer service, chatbased customer"}, {"start": "00:44:56", "end": "00:45:01", "text": "service. You can DM me on Twitter and I"}, {"start": "00:44:58", "end": "00:45:03", "text": "will respond to you quickly if you have"}, {"start": "00:45:01", "end": "00:45:04", "text": "any questions. We can also set up calls"}, {"start": "00:45:03", "end": "00:45:07", "text": "with our client service team. We have a"}, {"start": "00:45:04", "end": "00:45:09", "text": "US-based, super smart client service"}, {"start": "00:45:07", "end": "00:45:12", "text": "team that can talk about our platform,"}, {"start": "00:45:09", "end": "00:45:14", "text": "but also just uh, you know, generally"}, {"start": "00:45:12", "end": "00:45:16", "text": "anything in the financial world that uh,"}, {"start": "00:45:14", "end": "00:45:18", "text": "you're looking to talk about. So, um, I"}, {"start": "00:45:16", "end": "00:45:19", "text": "would really encourage folks to uh,"}, {"start": "00:45:18", "end": "00:45:21", "text": "reach out."}, {"start": "00:45:19", "end": "00:45:22", "text": ">> All right, so Galaxy 1 in the app store."}, {"start": "00:45:21", "end": "00:45:22", "text": ">> Go check it out. Thanks for having me,"}, {"start": "00:45:22", "end": "00:45:26", "text": "Paul."}, {"start": "00:45:22", "end": "00:45:26", "text": ">> Thanks for coming and doing it."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "What do you make about that? Can we slow"}, {"start": "00:00:01", "end": "00:00:04", "text": "down the pace? Is China on board? Are"}, {"start": "00:00:03", "end": "00:00:06", "text": "they not?"}, {"start": "00:00:04", "end": "00:00:08", "text": ">> These people are insane. We just stop"}, {"start": "00:00:06", "end": "00:00:09", "text": "it. Stop it. What are we talking about"}, {"start": "00:00:08", "end": "00:00:10", "text": "here? These are the same people who"}, {"start": "00:00:09", "end": "00:00:12", "text": "promised every single person who's"}, {"start": "00:00:10", "end": "00:00:13", "text": "watching this show right now the climate"}, {"start": "00:00:12", "end": "00:00:14", "text": "was going to kill them. They promised"}, {"start": "00:00:13", "end": "00:00:16", "text": "them CO was going to kill them. And now"}, {"start": "00:00:14", "end": "00:00:18", "text": "they're telling you that software that"}, {"start": "00:00:16", "end": "00:00:19", "text": "you use every day in your life is going"}, {"start": "00:00:18", "end": "00:00:21", "text": "to somehow kill you. They can't tell you"}, {"start": "00:00:19", "end": "00:00:22", "text": "how it's going to happen. They can't"}, {"start": "00:00:21", "end": "00:00:24", "text": "predict it. And they said they can't"}, {"start": "00:00:22", "end": "00:00:25", "text": "stop it. I'm not falling for it. And"}, {"start": "00:00:24", "end": "00:00:27", "text": "neither should you because guess what?"}, {"start": "00:00:25", "end": "00:00:29", "text": "They're not stopping either. They're not"}, {"start": "00:00:27", "end": "00:00:30", "text": "pacing anything. They're not stopping"}, {"start": "00:00:29", "end": "00:00:31", "text": "their investment. They're not shutting"}, {"start": "00:00:30", "end": "00:00:33", "text": "down their company. They're not saying"}, {"start": "00:00:31", "end": "00:00:34", "text": "they're not going to go public. They're"}, {"start": "00:00:33", "end": "00:00:35", "text": "not going to stop asking investors for"}, {"start": "00:00:34", "end": "00:00:36", "text": "money. They're not going to stop hiring"}, {"start": "00:00:35", "end": "00:00:38", "text": "people and they're not going to stop"}, {"start": "00:00:36", "end": "00:00:40", "text": "developing the technology. So, what are"}, {"start": "00:00:38", "end": "00:00:42", "text": "we doing? What are we talking about? I'm"}, {"start": "00:00:40", "end": "00:00:43", "text": "not into all the conspiracy theories"}, {"start": "00:00:42", "end": "00:00:45", "text": "about, you know, what they're trying to"}, {"start": "00:00:43", "end": "00:00:47", "text": "do or playing chess, etc. All I know is"}, {"start": "00:00:45", "end": "00:00:49", "text": "if the technology is so good to kill me,"}, {"start": "00:00:47", "end": "00:00:50", "text": "how come they can't create a profitable"}, {"start": "00:00:49", "end": "00:00:51", "text": "company with it? [laughter] That,"}, {"start": "00:00:50", "end": "00:00:52", "text": ">> right? If you start thinking about it"}, {"start": "00:00:51", "end": "00:00:53", "text": "from that perspective. And so, what"}, {"start": "00:00:52", "end": "00:00:55", "text": "ultimately I think this is going to"}, {"start": "00:00:53", "end": "00:00:56", "text": "happen is we can sit and play like the"}, {"start": "00:00:55", "end": "00:00:58", "text": "drama and the soap opera of what's going"}, {"start": "00:00:56", "end": "00:00:59", "text": "on in the AI industry. I think that"}, {"start": "00:00:58", "end": "00:01:00", "text": "there's a lot of folks who don't have"}, {"start": "00:00:59", "end": "00:01:03", "text": "profitable companies that are trying to"}, {"start": "00:01:00", "end": "00:01:04", "text": "use this to slow down the industry so"}, {"start": "00:01:03", "end": "00:01:05", "text": "they can catch up. I don't hear Mark"}, {"start": "00:01:04", "end": "00:01:07", "text": "Zuckerberg talking about slowing down"}, {"start": "00:01:05", "end": "00:01:08", "text": "anything. Mark Zuckerberg's got a cash"}, {"start": "00:01:07", "end": "00:01:10", "text": "cow and he has invested every dollar"}, {"start": "00:01:08", "end": "00:01:12", "text": "he's got into AI and he's going to go"}, {"start": "00:01:10", "end": "00:01:13", "text": "win and he just launched a personal AI"}, {"start": "00:01:12", "end": "00:01:15", "text": "assistant that is kicking everyone's"}, {"start": "00:01:13", "end": "00:01:16", "text": "butt. Now, what I think is the other"}, {"start": "00:01:15", "end": "00:01:18", "text": "takeaway though is every single company"}, {"start": "00:01:16", "end": "00:01:20", "text": "needs to own their own intelligence. If"}, {"start": "00:01:18", "end": "00:01:22", "text": "your business is based on these labs who"}, {"start": "00:01:20", "end": "00:01:23", "text": "now they just wake up, lick their"}, {"start": "00:01:22", "end": "00:01:24", "text": "finger, stick it in the air, and tell"}, {"start": "00:01:23", "end": "00:01:26", "text": "you, \"Oh, we got to slow down.\" Or maybe"}, {"start": "00:01:24", "end": "00:01:27", "text": "you shouldn't have access to this model,"}, {"start": "00:01:26", "end": "00:01:28", "text": "or oh, we have this new technology."}, {"start": "00:01:27", "end": "00:01:30", "text": "We're not going to give it to you cuz it"}, {"start": "00:01:28", "end": "00:01:33", "text": "can kill you. Your business is going to"}, {"start": "00:01:30", "end": "00:01:33", "text": "be in a very bad position."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "I think crypto would go up far faster"}, {"start": "00:00:02", "end": "00:00:06", "text": "than people realize"}, {"start": "00:00:03", "end": "00:00:06", "text": ">> Bitco"}, {"start": "00:00:07", "end": "00:00:12", "text": "that that type of move to me and the"}, {"start": "00:00:08", "end": "00:00:14", "text": "reason I say it with conviction the more"}, {"start": "00:00:12", "end": "00:00:16", "text": "I'm talking to people let's say"}, {"start": "00:00:14", "end": "00:00:17", "text": "traditional finance [music] so related"}, {"start": "00:00:16", "end": "00:00:19", "text": "to the banks cuz remember the banks are"}, {"start": "00:00:17", "end": "00:00:20", "text": "out there telling people they're ready"}, {"start": "00:00:19", "end": "00:00:23", "text": "for this they're going to be involved"}, {"start": "00:00:20", "end": "00:00:26", "text": "you know all this stuff tokenization"}, {"start": "00:00:23", "end": "00:00:27", "text": "pension funds need regulations what's"}, {"start": "00:00:26", "end": "00:00:29", "text": "going on guys today we got a great"}, {"start": "00:00:27", "end": "00:00:31", "text": "conversation with Jordi Visser in this"}, {"start": "00:00:29", "end": "00:00:33", "text": "When we talk about what's going on with"}, {"start": "00:00:31", "end": "00:00:34", "text": "oil, inflation, why the doomers are"}, {"start": "00:00:33", "end": "00:00:36", "text": "wrong, why the stock market's going"}, {"start": "00:00:34", "end": "00:00:37", "text": "higher, why Bitcoin's going higher, why"}, {"start": "00:00:36", "end": "00:00:40", "text": "the AI companies are going higher,"}, {"start": "00:00:37", "end": "00:00:41", "text": "what's going on with Astra, Grockbot,"}, {"start": "00:00:40", "end": "00:00:43", "text": "how Jordy's using these technologies,"}, {"start": "00:00:41", "end": "00:00:44", "text": "and then we even get into what's going"}, {"start": "00:00:43", "end": "00:00:46", "text": "on with Kevin Walsh, Scott Bessant,"}, {"start": "00:00:44", "end": "00:00:47", "text": "President Trump, are you going to bet"}, {"start": "00:00:46", "end": "00:00:49", "text": "against the White House? Should you"}, {"start": "00:00:47", "end": "00:00:50", "text": "think that the market is going higher?"}, {"start": "00:00:49", "end": "00:00:52", "text": "And what does all this mean for your"}, {"start": "00:00:50", "end": "00:00:54", "text": "portfolio? This one is fun. It's"}, {"start": "00:00:52", "end": "00:00:55", "text": "informative, and I promise you're going"}, {"start": "00:00:54", "end": "00:00:57", "text": "to learn something. Here's my latest"}, {"start": "00:00:55", "end": "00:00:59", "text": "conversation with Jordy Visser. All"}, {"start": "00:00:57", "end": "00:01:00", "text": "right, Jordy. I hear a lot of people in"}, {"start": "00:00:59", "end": "00:01:02", "text": "the macro world talking about interest"}, {"start": "00:01:00", "end": "00:01:04", "text": "rates and oil. I know people have been"}, {"start": "00:01:02", "end": "00:01:06", "text": "talking to you about this recently. Uh"}, {"start": "00:01:04", "end": "00:01:08", "text": "when I'm using AI, when I'm thinking"}, {"start": "00:01:06", "end": "00:01:10", "text": "about Bitcoin, and then I hear someone"}, {"start": "00:01:08", "end": "00:01:12", "text": "talking about interest rates and oil, my"}, {"start": "00:01:10", "end": "00:01:13", "text": "brain is telling me, \"Oh, yeah, that's"}, {"start": "00:01:12", "end": "00:01:15", "text": "what we're supposed to think about in"}, {"start": "00:01:13", "end": "00:01:16", "text": "the macro world, but my heart's kind of"}, {"start": "00:01:15", "end": "00:01:19", "text": "telling me like, does that stuff really"}, {"start": "00:01:16", "end": "00:01:20", "text": "matter anymore?\" What do you think?"}, {"start": "00:01:19", "end": "00:01:25", "text": "Well, it depends what you mean by does"}, {"start": "00:01:20", "end": "00:01:27", "text": "it matter. For me, I love it. Um, in the"}, {"start": "00:01:25", "end": "00:01:29", "text": "video I did this past weekend, I was as"}, {"start": "00:01:27", "end": "00:01:31", "text": "direct as possible."}, {"start": "00:01:29", "end": "00:01:33", "text": "We're worried"}, {"start": "00:01:31", "end": "00:01:37", "text": "about whether the Fed is going to raise"}, {"start": "00:01:33", "end": "00:01:41", "text": "25 basis points. And I think the curve"}, {"start": "00:01:37", "end": "00:01:44", "text": "says they're going to raise 25, but"}, {"start": "00:01:41", "end": "00:01:48", "text": "maybe there'll be one more, possibly two"}, {"start": "00:01:44", "end": "00:01:51", "text": "more before they come back down."}, {"start": "00:01:48", "end": "00:01:54", "text": "Why anyone would care about this when"}, {"start": "00:01:51", "end": "00:01:55", "text": "earnings are growing 30 plus%. Is beyond"}, {"start": "00:01:54", "end": "00:01:58", "text": "me. Why anyone would care about this"}, {"start": "00:01:55", "end": "00:02:00", "text": "when, as I showed in the video, there is"}, {"start": "00:01:58", "end": "00:02:03", "text": "no rate sensitivity"}, {"start": "00:02:00", "end": "00:02:06", "text": "to the AI trade. Zero. Like despite what"}, {"start": "00:02:03", "end": "00:02:07", "text": "people want to believe and the bare porn"}, {"start": "00:02:06", "end": "00:02:09", "text": "that goes everywhere with like, oh,"}, {"start": "00:02:07", "end": "00:02:11", "text": "rates are going higher. These guys can't"}, {"start": "00:02:09", "end": "00:02:13", "text": "raise rates. Their CDS is blowing out."}, {"start": "00:02:11", "end": "00:02:16", "text": "Um,"}, {"start": "00:02:13", "end": "00:02:18", "text": "progress is moving right now at a pace"}, {"start": "00:02:16", "end": "00:02:20", "text": "so fast and is accelerating by the day."}, {"start": "00:02:18", "end": "00:02:21", "text": "Not by the week anymore, by the day. The"}, {"start": "00:02:20", "end": "00:02:23", "text": "models are getting released. I was"}, {"start": "00:02:21", "end": "00:02:26", "text": "talking about Grockbot the last two"}, {"start": "00:02:23", "end": "00:02:28", "text": "weeks. Today we'll talk about Astra. I"}, {"start": "00:02:26", "end": "00:02:30", "text": "don't I I mean I have Grockbot doing"}, {"start": "00:02:28", "end": "00:02:32", "text": "things for me, but it's not even in"}, {"start": "00:02:30", "end": "00:02:34", "text": "league of anything I can do with Astra"}, {"start": "00:02:32", "end": "00:02:36", "text": "now, which is now combining the agentic"}, {"start": "00:02:34", "end": "00:02:39", "text": "side with the chat, with the work, with"}, {"start": "00:02:36", "end": "00:02:41", "text": "images, with everything else. Um, so"}, {"start": "00:02:39", "end": "00:02:43", "text": "when people talk about rates and yeah, I"}, {"start": "00:02:41", "end": "00:02:46", "text": "I had a bunch of conversations this week"}, {"start": "00:02:43", "end": "00:02:48", "text": "where I'd get a text message from again"}, {"start": "00:02:46", "end": "00:02:51", "text": "people I've known in the business a long"}, {"start": "00:02:48", "end": "00:02:52", "text": "time starting with the market's going to"}, {"start": "00:02:51", "end": "00:02:55", "text": "fall because rates are going higher and"}, {"start": "00:02:52", "end": "00:02:57", "text": "oil is going higher. And I'm like, did"}, {"start": "00:02:55", "end": "00:03:01", "text": "you watch my video? Like year-over-year"}, {"start": "00:02:57", "end": "00:03:04", "text": "oil for the sixth contract"}, {"start": "00:03:01", "end": "00:03:07", "text": "is up 20% from where it was a year ago."}, {"start": "00:03:04", "end": "00:03:09", "text": "Why do you care about this? Just because"}, {"start": "00:03:07", "end": "00:03:11", "text": "you see a chart that shows it making the"}, {"start": "00:03:09", "end": "00:03:13", "text": "highest price for the December contract"}, {"start": "00:03:11", "end": "00:03:16", "text": "when it's below where it was. Didn't we"}, {"start": "00:03:13", "end": "00:03:19", "text": "just go through this stupidity with"}, {"start": "00:03:16", "end": "00:03:21", "text": "every oil person saying that we'd be I"}, {"start": "00:03:19", "end": "00:03:26", "text": "mean we were supposed to be out of"}, {"start": "00:03:21", "end": "00:03:29", "text": "gasoline in California during July."}, {"start": "00:03:26", "end": "00:03:32", "text": "So like if some if people are that wrong"}, {"start": "00:03:29", "end": "00:03:35", "text": "and now we're 6 7 months from the"}, {"start": "00:03:32", "end": "00:03:38", "text": "beginning of the war and we've now heard"}, {"start": "00:03:35", "end": "00:03:41", "text": "that they're building pipelines so that"}, {"start": "00:03:38", "end": "00:03:44", "text": "Hormuz is not as important or not"}, {"start": "00:03:41", "end": "00:03:47", "text": "important at all at some point 3 years"}, {"start": "00:03:44", "end": "00:03:48", "text": "from now. Why do you don't think the"}, {"start": "00:03:47", "end": "00:03:50", "text": "market is smart enough to look through"}, {"start": "00:03:48", "end": "00:03:54", "text": "this? But most importantly again I'll"}, {"start": "00:03:50", "end": "00:03:57", "text": "say it. If earnings were only growing 5%"}, {"start": "00:03:54", "end": "00:03:59", "text": "a year and if the economy was sensitive"}, {"start": "00:03:57", "end": "00:04:00", "text": "to interest rates because what was"}, {"start": "00:03:59", "end": "00:04:02", "text": "driving the economy was like what was"}, {"start": "00:04:00", "end": "00:04:04", "text": "driving the economy before the great"}, {"start": "00:04:02", "end": "00:04:08", "text": "financial crisis which was housing rate"}, {"start": "00:04:04", "end": "00:04:11", "text": "sensitive stuff. I I I'd worry but the"}, {"start": "00:04:08", "end": "00:04:13", "text": "economy is now digital. The economy is"}, {"start": "00:04:11", "end": "00:04:15", "text": "not based on what we thought it was with"}, {"start": "00:04:13", "end": "00:04:17", "text": "autos and this. We know that people are"}, {"start": "00:04:15", "end": "00:04:19", "text": "not going out and borrowing money to buy"}, {"start": "00:04:17", "end": "00:04:20", "text": "housing. We know they're not going out"}, {"start": "00:04:19", "end": "00:04:23", "text": "borrowing money to buy cars the way they"}, {"start": "00:04:20", "end": "00:04:24", "text": "did, but the household net worth is"}, {"start": "00:04:23", "end": "00:04:26", "text": "going higher because profit margins are"}, {"start": "00:04:24", "end": "00:04:28", "text": "booming and the stock market's going"}, {"start": "00:04:26", "end": "00:04:31", "text": "higher. So, I just think when I listen"}, {"start": "00:04:28", "end": "00:04:35", "text": "to a are we going to raise 25 or not and"}, {"start": "00:04:31", "end": "00:04:39", "text": "oil's up and 10ear yields are up 35 to"}, {"start": "00:04:35", "end": "00:04:41", "text": "40 basis points since July. I just think"}, {"start": "00:04:39", "end": "00:04:42", "text": "people are they're missing the story for"}, {"start": "00:04:41", "end": "00:04:43", "text": "what's happening and this is a"}, {"start": "00:04:42", "end": "00:04:45", "text": "reflection that people just either don't"}, {"start": "00:04:43", "end": "00:04:47", "text": "believe in AI or they don't use it. I"}, {"start": "00:04:45", "end": "00:04:49", "text": "have a uh a new framework to put people"}, {"start": "00:04:47", "end": "00:04:51", "text": "bucket-wise in. There's static people"}, {"start": "00:04:49", "end": "00:04:53", "text": "and dynamic people. What I mean by that"}, {"start": "00:04:51", "end": "00:04:55", "text": "is usually you think about I want people"}, {"start": "00:04:53", "end": "00:04:57", "text": "who work for me or work with me or I"}, {"start": "00:04:55", "end": "00:04:58", "text": "work for who are dynamic. They're"}, {"start": "00:04:57", "end": "00:05:00", "text": "constantly learning. They're constantly"}, {"start": "00:04:58", "end": "00:05:02", "text": "evolving. They're constantly improving."}, {"start": "00:05:00", "end": "00:05:04", "text": "Dynamic people is the same thing like a"}, {"start": "00:05:02", "end": "00:05:06", "text": "volatile asset, right? You need"}, {"start": "00:05:04", "end": "00:05:08", "text": "volatility for it to go up. So I think"}, {"start": "00:05:06", "end": "00:05:09", "text": "people who are intelligent and want"}, {"start": "00:05:08", "end": "00:05:12", "text": "returns, they're drawn to dynamic and"}, {"start": "00:05:09", "end": "00:05:14", "text": "volatile. But actually you can put"}, {"start": "00:05:12", "end": "00:05:17", "text": "people in bucket of do they think"}, {"start": "00:05:14", "end": "00:05:20", "text": "statically or dynamically. So for"}, {"start": "00:05:17", "end": "00:05:21", "text": "example uh tariffs are going to lead to"}, {"start": "00:05:20", "end": "00:05:23", "text": "all these crazy prices blah blah"}, {"start": "00:05:21", "end": "00:05:24", "text": "whatever. Static people just looked at"}, {"start": "00:05:23", "end": "00:05:26", "text": "it as the tariff increases that means"}, {"start": "00:05:24", "end": "00:05:29", "text": "that inflation increases. Dynamic people"}, {"start": "00:05:26", "end": "00:05:30", "text": "say well if tariffs increase then does"}, {"start": "00:05:29", "end": "00:05:32", "text": "domestic manufacturing increase does"}, {"start": "00:05:30", "end": "00:05:33", "text": "this happen? Does this have what are the"}, {"start": "00:05:32", "end": "00:05:36", "text": "other tools the government has to blunt"}, {"start": "00:05:33", "end": "00:05:38", "text": "the effects? Oh maybe it's not going to"}, {"start": "00:05:36", "end": "00:05:40", "text": "be as big of a problem. Oil is another"}, {"start": "00:05:38", "end": "00:05:42", "text": "good example right now. If we go into"}, {"start": "00:05:40", "end": "00:05:44", "text": "Iran, then oil will spike. And if oil"}, {"start": "00:05:42", "end": "00:05:46", "text": "spikes, then that means that every"}, {"start": "00:05:44", "end": "00:05:48", "text": "single person's paying $10 at the gas"}, {"start": "00:05:46", "end": "00:05:50", "text": "pump, and you know, we're going to blow"}, {"start": "00:05:48", "end": "00:05:53", "text": "out inflation, etc. Dynamic people"}, {"start": "00:05:50", "end": "00:05:55", "text": "think, well, what if we have our own oil"}, {"start": "00:05:53", "end": "00:05:56", "text": "or Venezuelan oil or maybe we have a"}, {"start": "00:05:55", "end": "00:05:58", "text": "pipeline that we build or maybe the"}, {"start": "00:05:56", "end": "00:06:01", "text": "economy isn't as stuck with the oil"}, {"start": "00:05:58", "end": "00:06:02", "text": "sensitivity that it used to be. And so"}, {"start": "00:06:01", "end": "00:06:03", "text": "when you think about this like static"}, {"start": "00:06:02", "end": "00:06:06", "text": "verse dynamic, I actually think that"}, {"start": "00:06:03", "end": "00:06:08", "text": "almost all of the like you know fear"}, {"start": "00:06:06", "end": "00:06:09", "text": "porn kind of doomsday predicting is"}, {"start": "00:06:08", "end": "00:06:12", "text": "people who are just looking at it from a"}, {"start": "00:06:09", "end": "00:06:13", "text": "in this moment in time X happened so Y"}, {"start": "00:06:12", "end": "00:06:15", "text": "has to happen cuz I've read it in a"}, {"start": "00:06:13", "end": "00:06:18", "text": "textbook but actually the people who are"}, {"start": "00:06:15", "end": "00:06:19", "text": "on the internet they are so used to the"}, {"start": "00:06:18", "end": "00:06:21", "text": "speed of information the dynamic nature"}, {"start": "00:06:19", "end": "00:06:24", "text": "and they've seen this play out enough"}, {"start": "00:06:21", "end": "00:06:26", "text": "times now where almost all of the"}, {"start": "00:06:24", "end": "00:06:27", "text": "doomsday saying is coming from like the"}, {"start": "00:06:26", "end": "00:06:29", "text": "traditional world of people who are just"}, {"start": "00:06:27", "end": "00:06:30", "text": "now like getting on the internet but the"}, {"start": "00:06:29", "end": "00:06:32", "text": "people who have been on the for a long"}, {"start": "00:06:30", "end": "00:06:34", "text": "time and I would put the AI people, the"}, {"start": "00:06:32", "end": "00:06:35", "text": "crypto people, etc. They're actually not"}, {"start": "00:06:34", "end": "00:06:36", "text": "bearish at all. Like they're super"}, {"start": "00:06:35", "end": "00:06:37", "text": "bullish almost to the point where"}, {"start": "00:06:36", "end": "00:06:40", "text": "actually they're getting accused of"}, {"start": "00:06:37", "end": "00:06:41", "text": "being too optimistic, you know, that AGI"}, {"start": "00:06:40", "end": "00:06:43", "text": "is going to like, you know, kill"}, {"start": "00:06:41", "end": "00:06:46", "text": "humanity. Like I mean like crazy crazy"}, {"start": "00:06:43", "end": "00:06:48", "text": "stuff. So I do think in a weird way it"}, {"start": "00:06:46", "end": "00:06:49", "text": "maybe it's me just rationalizing being"}, {"start": "00:06:48", "end": "00:06:51", "text": "terminally online now is such an"}, {"start": "00:06:49", "end": "00:06:53", "text": "advantage because it keeps your brain"}, {"start": "00:06:51", "end": "00:06:54", "text": "from like getting to be hard cement and"}, {"start": "00:06:53", "end": "00:06:55", "text": "looking at the world statically, but"}, {"start": "00:06:54", "end": "00:06:57", "text": "like what you're describing is really"}, {"start": "00:06:55", "end": "00:06:59", "text": "just a dynamic view of how the economy"}, {"start": "00:06:57", "end": "00:07:01", "text": "is playing out."}, {"start": "00:06:59", "end": "00:07:02", "text": "So yeah, the only thing I would disagree"}, {"start": "00:07:01", "end": "00:07:04", "text": "with what you said at the very end there"}, {"start": "00:07:02", "end": "00:07:05", "text": "is I think being online is super"}, {"start": "00:07:04", "end": "00:07:07", "text": "critical all the time as opposed to be"}, {"start": "00:07:05", "end": "00:07:10", "text": "sitting at a job and maybe looking at a"}, {"start": "00:07:07", "end": "00:07:11", "text": "screen, but you also have to be curious"}, {"start": "00:07:10", "end": "00:07:14", "text": "enough to look at all angles from a"}, {"start": "00:07:11", "end": "00:07:17", "text": "story. If you just get caught watching"}, {"start": "00:07:14", "end": "00:07:19", "text": "Fox News or or MSNBC, you're not really"}, {"start": "00:07:17", "end": "00:07:21", "text": "changing your brain. Um, I think the"}, {"start": "00:07:19", "end": "00:07:24", "text": "point you're making, so let me use an"}, {"start": "00:07:21", "end": "00:07:25", "text": "analogy and just say, um, you know, one"}, {"start": "00:07:24", "end": "00:07:27", "text": "of the great things about being a sports"}, {"start": "00:07:25", "end": "00:07:30", "text": "fan and especially using the Knicks, if"}, {"start": "00:07:27", "end": "00:07:33", "text": "you go back to Jaylen Brunson in college"}, {"start": "00:07:30", "end": "00:07:35", "text": "and you look at him today and you would"}, {"start": "00:07:33", "end": "00:07:37", "text": "have asked"}, {"start": "00:07:35", "end": "00:07:38", "text": "a million people when he came out of"}, {"start": "00:07:37", "end": "00:07:40", "text": "Villanova and was a second round draft"}, {"start": "00:07:38", "end": "00:07:43", "text": "pick, if he would become one of the top"}, {"start": "00:07:40", "end": "00:07:46", "text": "10 players in the world, the answer"}, {"start": "00:07:43", "end": "00:07:48", "text": "would be zero chance. Like, he's not"}, {"start": "00:07:46", "end": "00:07:50", "text": "going to morph into that. And they would"}, {"start": "00:07:48", "end": "00:07:53", "text": "use the traditional things of, well,"}, {"start": "00:07:50", "end": "00:07:55", "text": "he's not athletic enough. He's short."}, {"start": "00:07:53", "end": "00:07:56", "text": "Like, he's how how is that going to turn"}, {"start": "00:07:55", "end": "00:07:58", "text": "into something? You still have people"}, {"start": "00:07:56", "end": "00:08:00", "text": "that said, you can't win a championship"}, {"start": "00:07:58", "end": "00:08:02", "text": "with your best player being someone like"}, {"start": "00:08:00", "end": "00:08:04", "text": "Jaylen Rose, even when he had evolved"}, {"start": "00:08:02", "end": "00:08:06", "text": "into an all-star."}, {"start": "00:08:04", "end": "00:08:08", "text": ">> The thing is Jaylen Brunson got better"}, {"start": "00:08:06", "end": "00:08:10", "text": "every single year."}, {"start": "00:08:08", "end": "00:08:14", "text": ">> Um, that is the whole point of AI right"}, {"start": "00:08:10", "end": "00:08:17", "text": "now. And if you're living on the past"}, {"start": "00:08:14", "end": "00:08:19", "text": "when historically oil's gone higher and"}, {"start": "00:08:17", "end": "00:08:21", "text": "like people will say inflation's high"}, {"start": "00:08:19", "end": "00:08:23", "text": "and I'm like core CPI is 2.4%"}, {"start": "00:08:21", "end": "00:08:26", "text": "year-over-year."}, {"start": "00:08:23", "end": "00:08:28", "text": "You pick the highest one PCE core"}, {"start": "00:08:26", "end": "00:08:31", "text": "year-over-year which is going to be"}, {"start": "00:08:28", "end": "00:08:34", "text": "revised. It changed and Kevin Worsh has"}, {"start": "00:08:31", "end": "00:08:36", "text": "publicly said he doesn't agree with PCA"}, {"start": "00:08:34", "end": "00:08:37", "text": "cores being he's got a whole group"}, {"start": "00:08:36", "end": "00:08:40", "text": "getting together to figure out what they"}, {"start": "00:08:37", "end": "00:08:43", "text": "should look at. I I just think people in"}, {"start": "00:08:40", "end": "00:08:44", "text": "this dynamic side um and as someone who"}, {"start": "00:08:43", "end": "00:08:46", "text": "grew up this way, I was trained to be a"}, {"start": "00:08:44", "end": "00:08:49", "text": "trader. I sat in front of screens minute"}, {"start": "00:08:46", "end": "00:08:52", "text": "by minute. If people haven't done it, I"}, {"start": "00:08:49", "end": "00:08:54", "text": "mean, you get caught thinking every"}, {"start": "00:08:52", "end": "00:08:56", "text": "single thing that comes out for a second"}, {"start": "00:08:54", "end": "00:08:57", "text": "matters in some big scheme. So, when"}, {"start": "00:08:56", "end": "00:08:59", "text": "people text me now and I don't have that"}, {"start": "00:08:57", "end": "00:09:02", "text": "side, I'm like working on AI and this"}, {"start": "00:08:59", "end": "00:09:04", "text": "happened to me uh when the PPI came out."}, {"start": "00:09:02", "end": "00:09:06", "text": "People were like, \"Oh, stocks care about"}, {"start": "00:09:04", "end": "00:09:08", "text": "this.\" And I remember saying like, \"What"}, {"start": "00:09:06", "end": "00:09:09", "text": "are you are you kidding me? What what do"}, {"start": "00:09:08", "end": "00:09:11", "text": "you mean they care about this?"}, {"start": "00:09:09", "end": "00:09:14", "text": ">> But is that an opportunity? Like is it"}, {"start": "00:09:11", "end": "00:09:17", "text": "is it almost like hey let let the market"}, {"start": "00:09:14", "end": "00:09:19", "text": "react to the old world you know economic"}, {"start": "00:09:17", "end": "00:09:22", "text": "data points etc. And then you could"}, {"start": "00:09:19", "end": "00:09:24", "text": "almost arbitrage and say I have a medium"}, {"start": "00:09:22", "end": "00:09:26", "text": "to long-term view on these and so when"}, {"start": "00:09:24", "end": "00:09:28", "text": "they dislocate based on these short-term"}, {"start": "00:09:26", "end": "00:09:30", "text": "metrics just like have emotional control"}, {"start": "00:09:28", "end": "00:09:32", "text": "and capitalize on it."}, {"start": "00:09:30", "end": "00:09:34", "text": ">> Yes. So he this gets into the market"}, {"start": "00:09:32", "end": "00:09:36", "text": "structure thing and I believe we've"}, {"start": "00:09:34", "end": "00:09:38", "text": "talked about this before and I think"}, {"start": "00:09:36", "end": "00:09:40", "text": "everyone who works on Wall Street will"}, {"start": "00:09:38", "end": "00:09:43", "text": "laugh at this."}, {"start": "00:09:40", "end": "00:09:45", "text": "Everyone who works at a hedge fund and"}, {"start": "00:09:43", "end": "00:09:48", "text": "having done it and having people work"}, {"start": "00:09:45", "end": "00:09:51", "text": "for me, they really are measured in many"}, {"start": "00:09:48", "end": "00:09:53", "text": "many ways minuteto minute like they have"}, {"start": "00:09:51", "end": "00:09:55", "text": "a draw down level which means that if"}, {"start": "00:09:53", "end": "00:09:57", "text": "something happens in their portfolio and"}, {"start": "00:09:55", "end": "00:09:59", "text": "it draws down 50 basis points on a day"}, {"start": "00:09:57", "end": "00:10:01", "text": "when they're running a market neutral"}, {"start": "00:09:59", "end": "00:10:03", "text": "portfolio and they they're only allowed"}, {"start": "00:10:01", "end": "00:10:07", "text": "to have a 5% draw down. Well, they've"}, {"start": "00:10:03", "end": "00:10:09", "text": "now lost onetenth of what they can lose."}, {"start": "00:10:07", "end": "00:10:11", "text": "Will it affect their emotion? Of course."}, {"start": "00:10:09", "end": "00:10:13", "text": "and they start extrapolating that this"}, {"start": "00:10:11", "end": "00:10:14", "text": "could get worse. What is happening in"}, {"start": "00:10:13", "end": "00:10:16", "text": "the market structures? I think you"}, {"start": "00:10:14", "end": "00:10:18", "text": "should break it into three simple"}, {"start": "00:10:16", "end": "00:10:20", "text": "buckets. One is there's the active"}, {"start": "00:10:18", "end": "00:10:22", "text": "traders that have a a draw down level"}, {"start": "00:10:20", "end": "00:10:24", "text": "where their capital will change and"}, {"start": "00:10:22", "end": "00:10:27", "text": "their kids won't be able to go to"}, {"start": "00:10:24", "end": "00:10:29", "text": "private school anymore. You have AI"}, {"start": "00:10:27", "end": "00:10:30", "text": "agents which don't have any kids and"}, {"start": "00:10:29", "end": "00:10:32", "text": "don't care about anything and their job"}, {"start": "00:10:30", "end": "00:10:34", "text": "is just to make money. They don't have"}, {"start": "00:10:32", "end": "00:10:36", "text": "the emotion that or the the the bars"}, {"start": "00:10:34", "end": "00:10:38", "text": "that that they have fixed rules but they"}, {"start": "00:10:36", "end": "00:10:40", "text": "don't have that stuff. And then you have"}, {"start": "00:10:38", "end": "00:10:42", "text": "retail traders sitting at home or anyone"}, {"start": "00:10:40", "end": "00:10:44", "text": "that has a longer time horizon that"}, {"start": "00:10:42", "end": "00:10:47", "text": "doesn't have to respond to oh the PPI."}, {"start": "00:10:44", "end": "00:10:49", "text": "And that's to your point. Now that I'm"}, {"start": "00:10:47", "end": "00:10:52", "text": "in that crowd, meaning I'm managing my"}, {"start": "00:10:49", "end": "00:10:53", "text": "own money, I want bad news to happen at"}, {"start": "00:10:52", "end": "00:10:54", "text": "a time when people are panicking,"}, {"start": "00:10:53", "end": "00:10:56", "text": "especially when it comes to crypto where"}, {"start": "00:10:54", "end": "00:10:58", "text": "I think we're at the beginning of a mega"}, {"start": "00:10:56", "end": "00:11:00", "text": "bull market. It helps me to be able to"}, {"start": "00:10:58", "end": "00:11:03", "text": "get entry points into things if these"}, {"start": "00:11:00", "end": "00:11:05", "text": "guys are worried. I think the agents do"}, {"start": "00:11:03", "end": "00:11:08", "text": "respond to what the hedge fund people"}, {"start": "00:11:05", "end": "00:11:09", "text": "are reacting to. Meaning, oh,"}, {"start": "00:11:08", "end": "00:11:11", "text": "historically, if the PBI comes out a"}, {"start": "00:11:09", "end": "00:11:13", "text": "little bit hotter and rates go higher,"}, {"start": "00:11:11", "end": "00:11:14", "text": "then we need to sell stocks. And the"}, {"start": "00:11:13", "end": "00:11:15", "text": "agents go, fine, we're going to sell"}, {"start": "00:11:14", "end": "00:11:17", "text": "stocks, too. We're going to jump in"}, {"start": "00:11:15", "end": "00:11:18", "text": "front of you. But then the next day, the"}, {"start": "00:11:17", "end": "00:11:19", "text": "agents don't care about what happened"}, {"start": "00:11:18", "end": "00:11:20", "text": "the day before. They're looking at"}, {"start": "00:11:19", "end": "00:11:21", "text": "what's going to happen today. What are"}, {"start": "00:11:20", "end": "00:11:22", "text": "the hedge fun guys doing today? Okay,"}, {"start": "00:11:21", "end": "00:11:24", "text": "I'm going to go buy in front of them."}, {"start": "00:11:22", "end": "00:11:27", "text": "And I think this is becoming a a very"}, {"start": "00:11:24", "end": "00:11:29", "text": "dangerous game because when I talk to"}, {"start": "00:11:27", "end": "00:11:32", "text": "people who are still managing money, the"}, {"start": "00:11:29", "end": "00:11:33", "text": "market, they complain about it. It's not"}, {"start": "00:11:32", "end": "00:11:36", "text": "easy to trade because you're getting"}, {"start": "00:11:33", "end": "00:11:39", "text": "these herkyjerky moves every day and"}, {"start": "00:11:36", "end": "00:11:42", "text": "there's no consistency. And so my belief"}, {"start": "00:11:39", "end": "00:11:43", "text": "is that we are in a speed of a game that"}, {"start": "00:11:42", "end": "00:11:45", "text": "has changed dramatically. And the people"}, {"start": "00:11:43", "end": "00:11:46", "text": "that have the big advantage now are the"}, {"start": "00:11:45", "end": "00:11:48", "text": "people that can look through it and say,"}, {"start": "00:11:46", "end": "00:11:50", "text": "\"Well, I know the earnings of the S&P"}, {"start": "00:11:48", "end": "00:11:51", "text": "are going to be up 20% next year.\" So,"}, {"start": "00:11:50", "end": "00:11:53", "text": "and I know there's not going to be a"}, {"start": "00:11:51", "end": "00:11:54", "text": "recession. I know rates don't matter. I"}, {"start": "00:11:53", "end": "00:11:56", "text": "know oil doesn't matter. So, if these"}, {"start": "00:11:54", "end": "00:11:57", "text": "guys are going to over overreact to this"}, {"start": "00:11:56", "end": "00:11:58", "text": "stuff, well, it gives me a better entry"}, {"start": "00:11:57", "end": "00:12:00", "text": "point. I think that's what's happening"}, {"start": "00:11:58", "end": "00:12:01", "text": "for a lot of different people in the"}, {"start": "00:12:00", "end": "00:12:02", "text": "marketplace."}, {"start": "00:12:01", "end": "00:12:04", "text": ">> Are the Bitcoin and crypto people better"}, {"start": "00:12:02", "end": "00:12:06", "text": "suited to invest today because they've"}, {"start": "00:12:04", "end": "00:12:08", "text": "been through so much volatility in such"}, {"start": "00:12:06", "end": "00:12:11", "text": "a short period of time?"}, {"start": "00:12:08", "end": "00:12:15", "text": ">> Yeah, it goes further than that. Um,"}, {"start": "00:12:11", "end": "00:12:17", "text": "the question I get asked most by people"}, {"start": "00:12:15", "end": "00:12:18", "text": "getting into crypto now that I've spent"}, {"start": "00:12:17", "end": "00:12:21", "text": "a lot of time there is how do we value"}, {"start": "00:12:18", "end": "00:12:23", "text": "it? And I've started I'm going to write"}, {"start": "00:12:21", "end": "00:12:27", "text": "a paper this week or I already I already"}, {"start": "00:12:23", "end": "00:12:29", "text": "wrote 75% of it. Um I had to do a lot of"}, {"start": "00:12:27", "end": "00:12:31", "text": "research. I had to find a person which I"}, {"start": "00:12:29", "end": "00:12:32", "text": "did and I'm going to show it on the"}, {"start": "00:12:31", "end": "00:12:34", "text": "video this week who went through a"}, {"start": "00:12:32", "end": "00:12:36", "text": "metric and the reason this person was"}, {"start": "00:12:34", "end": "00:12:38", "text": "interesting he he's part of the Ethereum"}, {"start": "00:12:36", "end": "00:12:40", "text": "or was I think he's still part of the"}, {"start": "00:12:38", "end": "00:12:43", "text": "Ethereum foundation. He was also part of"}, {"start": "00:12:40", "end": "00:12:45", "text": "the Salana whatever it was foundation."}, {"start": "00:12:43", "end": "00:12:47", "text": "Um"}, {"start": "00:12:45", "end": "00:12:49", "text": "the interesting part is he really talks"}, {"start": "00:12:47", "end": "00:12:50", "text": "about"}, {"start": "00:12:49", "end": "00:12:54", "text": "valuing and let's just take Ethereum"}, {"start": "00:12:50", "end": "00:12:57", "text": "because that's where his focus is"}, {"start": "00:12:54", "end": "00:12:59", "text": "as the ecosystem and its most similar"}, {"start": "00:12:57", "end": "00:13:01", "text": "comparison is the internet. And so"}, {"start": "00:12:59", "end": "00:13:04", "text": "regardless I don't like people getting"}, {"start": "00:13:01", "end": "00:13:06", "text": "into philosophical debates. I'm old"}, {"start": "00:13:04", "end": "00:13:08", "text": "enough to remember the way people valued"}, {"start": "00:13:06", "end": "00:13:10", "text": "the internet back in the '9s. And people"}, {"start": "00:13:08", "end": "00:13:12", "text": "have to think about this now. Most"}, {"start": "00:13:10", "end": "00:13:15", "text": "people that we're talking to were not"}, {"start": "00:13:12", "end": "00:13:16", "text": "trading during the '9s. During the '90s"}, {"start": "00:13:15", "end": "00:13:18", "text": "when the internet started and when we"}, {"start": "00:13:16", "end": "00:13:22", "text": "led into the dotcom bubble, the way they"}, {"start": "00:13:18", "end": "00:13:24", "text": "were valuing Amazon was eyeballs. And he"}, {"start": "00:13:22", "end": "00:13:27", "text": "mentions like we didn't have metrics"}, {"start": "00:13:24", "end": "00:13:28", "text": "back then. And he goes through like it"}, {"start": "00:13:27", "end": "00:13:30", "text": "was eyeballs, it was clicks, it was a"}, {"start": "00:13:28", "end": "00:13:32", "text": "bunch of different things, but it didn't"}, {"start": "00:13:30", "end": "00:13:33", "text": "mean anything. Now he was involved with"}, {"start": "00:13:32", "end": "00:13:35", "text": "Napster, so he's an original"}, {"start": "00:13:33", "end": "00:13:37", "text": "peer-to-peer person. That's what makes"}, {"start": "00:13:35", "end": "00:13:40", "text": "his angle so interesting. I also think"}, {"start": "00:13:37", "end": "00:13:42", "text": "he's very academic and boring, which is"}, {"start": "00:13:40", "end": "00:13:44", "text": "why whenever I've asked people in"}, {"start": "00:13:42", "end": "00:13:46", "text": "crypto, they don't either they've never"}, {"start": "00:13:44", "end": "00:13:48", "text": "heard of him or they've never followed"}, {"start": "00:13:46", "end": "00:13:50", "text": "him. I listened to him. I went, \"This"}, {"start": "00:13:48", "end": "00:13:52", "text": "guy finally hit on it.\" Like for crypto"}, {"start": "00:13:50", "end": "00:13:54", "text": "to be valued as something, we don't know"}, {"start": "00:13:52", "end": "00:13:56", "text": "what the metrics are going to be. And"}, {"start": "00:13:54", "end": "00:13:57", "text": "we're starting to see that with Robin"}, {"start": "00:13:56", "end": "00:13:59", "text": "Hood chain. I"}, {"start": "00:13:57", "end": "00:14:01", "text": ">> what's going on there?"}, {"start": "00:13:59", "end": "00:14:03", "text": ">> We're the volumes are picking up."}, {"start": "00:14:01", "end": "00:14:05", "text": "Everything is starting to go with"}, {"start": "00:14:03", "end": "00:14:06", "text": "tokenization. And again, if I go through"}, {"start": "00:14:05", "end": "00:14:09", "text": "the this year, the importance of the"}, {"start": "00:14:06", "end": "00:14:12", "text": "ecosystem and I think of pers, I think"}, {"start": "00:14:09", "end": "00:14:15", "text": "of prediction markets, I think of all of"}, {"start": "00:14:12", "end": "00:14:17", "text": "the things like SpaceX, what its"}, {"start": "00:14:15", "end": "00:14:18", "text": "valuation was before it went public and"}, {"start": "00:14:17", "end": "00:14:21", "text": "how quickly the market kind of migrated"}, {"start": "00:14:18", "end": "00:14:24", "text": "around to it. This 24/7 active trading"}, {"start": "00:14:21", "end": "00:14:27", "text": "and what Robin Hood chain built on"}, {"start": "00:14:24", "end": "00:14:29", "text": "Ethereum is doing through Arbitum is"}, {"start": "00:14:27", "end": "00:14:31", "text": "literally saying we're at the beginning"}, {"start": "00:14:29", "end": "00:14:33", "text": "of tokenization. Like we're we're"}, {"start": "00:14:31", "end": "00:14:34", "text": "literally at the beginning of it. Now,"}, {"start": "00:14:33", "end": "00:14:36", "text": "we've talked about it a lot and I've"}, {"start": "00:14:34", "end": "00:14:39", "text": "said that the network effects will kick"}, {"start": "00:14:36", "end": "00:14:40", "text": "in if you take what's happening now and"}, {"start": "00:14:39", "end": "00:14:43", "text": "the person's name that I was referencing"}, {"start": "00:14:40", "end": "00:14:45", "text": "and I I I don't know the proper way to"}, {"start": "00:14:43", "end": "00:14:47", "text": "pronounce it, but William Goyabber."}, {"start": "00:14:45", "end": "00:14:51", "text": "Okay, if you go back, he was on a he did"}, {"start": "00:14:47", "end": "00:14:54", "text": "a TED talk somewhere around 2015."}, {"start": "00:14:51", "end": "00:14:56", "text": "I asked Chat GPT from the transcript to"}, {"start": "00:14:54", "end": "00:14:57", "text": "go through and say how much of what he"}, {"start": "00:14:56", "end": "00:15:00", "text": "said back then about the blockchain, it"}, {"start": "00:14:57", "end": "00:15:02", "text": "was all on the blockchain is correct."}, {"start": "00:15:00", "end": "00:15:04", "text": "and it went through and said his vision"}, {"start": "00:15:02", "end": "00:15:06", "text": "of what was happening was about an eight"}, {"start": "00:15:04", "end": "00:15:08", "text": "and a half out of 10. If we drill down"}, {"start": "00:15:06", "end": "00:15:11", "text": "to each separate component, it's about a"}, {"start": "00:15:08", "end": "00:15:12", "text": "five, five out of 10. But 8 and a half"}, {"start": "00:15:11", "end": "00:15:14", "text": "out of 10 for the general thing of the"}, {"start": "00:15:12", "end": "00:15:16", "text": "importance of the blockchain and what"}, {"start": "00:15:14", "end": "00:15:18", "text": "will happen eventually over time. And so"}, {"start": "00:15:16", "end": "00:15:20", "text": "the Robin Hood chain, fast forward 11"}, {"start": "00:15:18", "end": "00:15:21", "text": "years,"}, {"start": "00:15:20", "end": "00:15:23", "text": "that's what's going on right now. like"}, {"start": "00:15:21", "end": "00:15:24", "text": "we're starting to get to the point where"}, {"start": "00:15:23", "end": "00:15:26", "text": "tokenization is happening and even"}, {"start": "00:15:24", "end": "00:15:29", "text": "though it's being driven predominantly"}, {"start": "00:15:26", "end": "00:15:30", "text": "by memecoins at this point in terms of"}, {"start": "00:15:29", "end": "00:15:32", "text": "the volumes that's what should be"}, {"start": "00:15:30", "end": "00:15:34", "text": "happening and I mentioned bucket last"}, {"start": "00:15:32", "end": "00:15:36", "text": "week and I said this is a memecoin but"}, {"start": "00:15:34", "end": "00:15:38", "text": "with other component parts of the"}, {"start": "00:15:36", "end": "00:15:40", "text": "programmable side that people should be"}, {"start": "00:15:38", "end": "00:15:41", "text": "paying attention to because it's a"}, {"start": "00:15:40", "end": "00:15:44", "text": "leadin to what is going to happen more"}, {"start": "00:15:41", "end": "00:15:45", "text": "and more on Robin Hood chain. So for me"}, {"start": "00:15:44", "end": "00:15:48", "text": "in thinking about the crypto side and"}, {"start": "00:15:45", "end": "00:15:51", "text": "what's actually gone on, I again believe"}, {"start": "00:15:48", "end": "00:15:54", "text": "that people that were trained in crypto,"}, {"start": "00:15:51", "end": "00:15:56", "text": "number one, they deal with speed. Number"}, {"start": "00:15:54", "end": "00:15:58", "text": "two, they deal with quote unquote pump"}, {"start": "00:15:56", "end": "00:16:00", "text": "and dump or things that move a certain"}, {"start": "00:15:58", "end": "00:16:02", "text": "way. They get used to the volatility."}, {"start": "00:16:00", "end": "00:16:05", "text": "They've been bred on it. But the other"}, {"start": "00:16:02", "end": "00:16:09", "text": "thing is how do you value a market, the"}, {"start": "00:16:05", "end": "00:16:11", "text": "S&P 500, in a world that of exponential"}, {"start": "00:16:09", "end": "00:16:13", "text": "as opposed to linear? And that's why"}, {"start": "00:16:11", "end": "00:16:16", "text": "when you go to my website and you go"}, {"start": "00:16:13", "end": "00:16:18", "text": "look, I've got a V for Visser. The left"}, {"start": "00:16:16", "end": "00:16:20", "text": "side of the V is linear. The right side"}, {"start": "00:16:18", "end": "00:16:22", "text": "is a parabola. And the reason it's a"}, {"start": "00:16:20", "end": "00:16:24", "text": "parabola is because when things start"}, {"start": "00:16:22", "end": "00:16:26", "text": "changing quickly, the only people, in my"}, {"start": "00:16:24", "end": "00:16:27", "text": "opinion, that can deal with the"}, {"start": "00:16:26", "end": "00:16:29", "text": "movements are people that have been"}, {"start": "00:16:27", "end": "00:16:31", "text": "trained in trading in chaos. I grew up"}, {"start": "00:16:29", "end": "00:16:32", "text": "in emerging markets. I think crypto is a"}, {"start": "00:16:31", "end": "00:16:34", "text": "very similar thing. This episode is"}, {"start": "00:16:32", "end": "00:16:36", "text": "brought to you by Lava. The Lava card is"}, {"start": "00:16:34", "end": "00:16:38", "text": "the first credit card that allows you to"}, {"start": "00:16:36", "end": "00:16:41", "text": "earn up to 5% back in Bitcoin [music] on"}, {"start": "00:16:38", "end": "00:16:43", "text": "every single purchase. Most cards have"}, {"start": "00:16:41", "end": "00:16:45", "text": "steep annual fees and unclear points"}, {"start": "00:16:43", "end": "00:16:47", "text": "programs, but the Lava card offers a"}, {"start": "00:16:45", "end": "00:16:49", "text": "much better deal. Earn real Bitcoin"}, {"start": "00:16:47", "end": "00:16:51", "text": "every time that you spend. Plus, there's"}, {"start": "00:16:49", "end": "00:16:53", "text": "no annual fee. There's zero FX fees, and"}, {"start": "00:16:51", "end": "00:16:55", "text": "zero spread when you spend"}, {"start": "00:16:53", "end": "00:16:56", "text": "internationally. On top of that, Lava"}, {"start": "00:16:55", "end": "00:16:59", "text": "gives you access to a Bitcoin line of"}, {"start": "00:16:56", "end": "00:17:01", "text": "credit, yield on cash, instant stable"}, {"start": "00:16:59", "end": "00:17:02", "text": "coin deposits and withdrawals, on and"}, {"start": "00:17:01", "end": "00:17:05", "text": "off ramps to and from your bank account,"}, {"start": "00:17:02", "end": "00:17:06", "text": "and much, much more. With Lava, you can"}, {"start": "00:17:05", "end": "00:17:08", "text": "borrow against your Bitcoin at the"}, {"start": "00:17:06", "end": "00:17:10", "text": "lowest rates, earn yield, move money"}, {"start": "00:17:08", "end": "00:17:12", "text": "globally, and stack Bitcoin with each"}, {"start": "00:17:10", "end": "00:17:14", "text": "and every purchase you make. Most"}, {"start": "00:17:12", "end": "00:17:16", "text": "financial services squeeze you with high"}, {"start": "00:17:14", "end": "00:17:18", "text": "fees, confusing rewards programs. Lava"}, {"start": "00:17:16", "end": "00:17:21", "text": "keeps it simple, and they help you build"}, {"start": "00:17:18", "end": "00:17:24", "text": "your long-term savings via your everyday"}, {"start": "00:17:21", "end": "00:17:26", "text": "spend. Visit lava.xyz/p"}, {"start": "00:17:24", "end": "00:17:29", "text": "to get started in just a few minutes"}, {"start": "00:17:26", "end": "00:17:32", "text": "today. lava.xyz/p"}, {"start": "00:17:29", "end": "00:17:34", "text": "to get started today. Robin Hood chain"}, {"start": "00:17:32", "end": "00:17:36", "text": "is like explain maybe just in a little"}, {"start": "00:17:34", "end": "00:17:38", "text": "bit of detail what exactly is happening"}, {"start": "00:17:36", "end": "00:17:40", "text": "there and uh it seems like they really"}, {"start": "00:17:38", "end": "00:17:43", "text": "have pushed themselves to the frontier"}, {"start": "00:17:40", "end": "00:17:45", "text": "in terms of they now I think make more"}, {"start": "00:17:43", "end": "00:17:47", "text": "revenue off of the prediction markets"}, {"start": "00:17:45", "end": "00:17:50", "text": "than they do off of stocks. They have"}, {"start": "00:17:47", "end": "00:17:53", "text": "really doubled down on agentic trading."}, {"start": "00:17:50", "end": "00:17:56", "text": "Um I think public many others have done"}, {"start": "00:17:53", "end": "00:17:58", "text": "that as well. Um, but it does feel like"}, {"start": "00:17:56", "end": "00:18:00", "text": "Robin Hood, which started out as like"}, {"start": "00:17:58", "end": "00:18:04", "text": "come buy stocks and don't pay a"}, {"start": "00:18:00", "end": "00:18:06", "text": "commission, was pretty dead square in"}, {"start": "00:18:04", "end": "00:18:09", "text": "the center of like traditional finance."}, {"start": "00:18:06", "end": "00:18:10", "text": "And the like challenger type attitude"}, {"start": "00:18:09", "end": "00:18:12", "text": "was around fees."}, {"start": "00:18:10", "end": "00:18:13", "text": ">> Mhm."}, {"start": "00:18:12", "end": "00:18:15", "text": "they have completely migrated to like"}, {"start": "00:18:13", "end": "00:18:17", "text": "let's be on the frontier of the products"}, {"start": "00:18:15", "end": "00:18:20", "text": "we offer and how people interact and and"}, {"start": "00:18:17", "end": "00:18:22", "text": "has become almost more of a challenger"}, {"start": "00:18:20", "end": "00:18:25", "text": "you know type uh neo bank um or like"}, {"start": "00:18:22", "end": "00:18:26", "text": "fintech than where they started which is"}, {"start": "00:18:25", "end": "00:18:28", "text": "very unique. Usually you start off as"}, {"start": "00:18:26", "end": "00:18:30", "text": "like the most extreme version and then"}, {"start": "00:18:28", "end": "00:18:31", "text": "you become more of like the man, right?"}, {"start": "00:18:30", "end": "00:18:34", "text": "They seem to be going the opposite"}, {"start": "00:18:31", "end": "00:18:36", "text": "direction with at their size and scale"}, {"start": "00:18:34", "end": "00:18:37", "text": "seems, you know, a little bit uh"}, {"start": "00:18:36", "end": "00:18:39", "text": "unexpected."}, {"start": "00:18:37", "end": "00:18:43", "text": ">> Well, let's go back to the title of my"}, {"start": "00:18:39", "end": "00:18:45", "text": "research. AI crypto macro nexus. So,"}, {"start": "00:18:43", "end": "00:18:46", "text": "what's the macro part of Robin Hood?"}, {"start": "00:18:45", "end": "00:18:48", "text": "Well, it's the original stock trading"}, {"start": "00:18:46", "end": "00:18:50", "text": "side. What's the crypto side? Well, now"}, {"start": "00:18:48", "end": "00:18:52", "text": "we've got Robin Hood chain. What's the"}, {"start": "00:18:50", "end": "00:18:55", "text": "AI side? Well, we have the Agentic"}, {"start": "00:18:52", "end": "00:18:56", "text": "plugin that's going to this. Um, I think"}, {"start": "00:18:55", "end": "00:18:59", "text": "what Vlad has done and he spoke this"}, {"start": "00:18:56", "end": "00:19:01", "text": "week at at a Goldman Sachs conference."}, {"start": "00:18:59", "end": "00:19:03", "text": "You mentioned some of the numbers. They"}, {"start": "00:19:01", "end": "00:19:05", "text": "are, and I wrote a paper on this for"}, {"start": "00:19:03", "end": "00:19:06", "text": "people who are in the traditional"}, {"start": "00:19:05", "end": "00:19:09", "text": "finance world. Robin Hood is the company"}, {"start": "00:19:06", "end": "00:19:10", "text": "to go look at to figure out what this"}, {"start": "00:19:09", "end": "00:19:12", "text": "means in terms of this merge that's"}, {"start": "00:19:10", "end": "00:19:14", "text": "happening. It's the problem that people"}, {"start": "00:19:12", "end": "00:19:16", "text": "have is how do we value this? Well,"}, {"start": "00:19:14", "end": "00:19:20", "text": "tokenization is something that you and I"}, {"start": "00:19:16", "end": "00:19:22", "text": "have talked about and it is probably the"}, {"start": "00:19:20", "end": "00:19:25", "text": "I'm at Freedom Tech next week. Are you"}, {"start": "00:19:22", "end": "00:19:26", "text": "going to Freedom Tech? Okay. Um, I'm"}, {"start": "00:19:25", "end": "00:19:29", "text": "looking forward to doing my presentation"}, {"start": "00:19:26", "end": "00:19:32", "text": "down there. And the reason is because"}, {"start": "00:19:29", "end": "00:19:34", "text": "when I put the slides together, one of"}, {"start": "00:19:32", "end": "00:19:36", "text": "them is about this bridge being built"}, {"start": "00:19:34", "end": "00:19:37", "text": "right now. And tokenization for me is"}, {"start": "00:19:36", "end": "00:19:39", "text": "the bridge between the two worlds"}, {"start": "00:19:37", "end": "00:19:41", "text": "because Robin Hood has a community of"}, {"start": "00:19:39", "end": "00:19:43", "text": "traders. And I mentioned last week that"}, {"start": "00:19:41", "end": "00:19:47", "text": "when I went to a Robin Hood event last"}, {"start": "00:19:43", "end": "00:19:48", "text": "year to speak on a panel, I was blown"}, {"start": "00:19:47", "end": "00:19:50", "text": "away by the community aspect. Now, this"}, {"start": "00:19:48", "end": "00:19:52", "text": "is after I had been at your event. I'd"}, {"start": "00:19:50", "end": "00:19:54", "text": "been at Raul Powell's event and I saw"}, {"start": "00:19:52", "end": "00:19:56", "text": "this community which was very different"}, {"start": "00:19:54", "end": "00:19:57", "text": "than events I went to on Wall Street."}, {"start": "00:19:56", "end": "00:19:59", "text": "There's no community. It's literally"}, {"start": "00:19:57", "end": "00:20:01", "text": "like you put a bunch of people to get"}, {"start": "00:19:59", "end": "00:20:03", "text": "together, they want to kill each other."}, {"start": "00:20:01", "end": "00:20:06", "text": "It's it's a competitive world. While a"}, {"start": "00:20:03", "end": "00:20:07", "text": "community of Robin Hood, of crypto is"}, {"start": "00:20:06", "end": "00:20:10", "text": "very different. And so, I think Robin"}, {"start": "00:20:07", "end": "00:20:12", "text": "Hood merges not just these technologies"}, {"start": "00:20:10", "end": "00:20:14", "text": "together, I think it merges this"}, {"start": "00:20:12", "end": "00:20:16", "text": "community aspect. And it's very easy to"}, {"start": "00:20:14", "end": "00:20:18", "text": "take the community that is trying to"}, {"start": "00:20:16", "end": "00:20:21", "text": "make money as a group trading on stocks."}, {"start": "00:20:18", "end": "00:20:24", "text": "They don't care whether it's Palunteer."}, {"start": "00:20:21", "end": "00:20:26", "text": "They don't care whether it's Micron."}, {"start": "00:20:24", "end": "00:20:30", "text": "They don't care whether it's"}, {"start": "00:20:26", "end": "00:20:31", "text": "Ethereum, whether it's a meme, whether"}, {"start": "00:20:30", "end": "00:20:33", "text": "it's Bucket. It doesn't really matter to"}, {"start": "00:20:31", "end": "00:20:35", "text": "them. They're just trying to make money."}, {"start": "00:20:33", "end": "00:20:37", "text": "And they're doing it in a way. And Robin"}, {"start": "00:20:35", "end": "00:20:38", "text": "Hood has, yes, they've changed their"}, {"start": "00:20:37", "end": "00:20:41", "text": "business enough that the reason I wrote"}, {"start": "00:20:38", "end": "00:20:43", "text": "a paper on them was they got a couple"}, {"start": "00:20:41", "end": "00:20:47", "text": "upgrades last week. and specifically"}, {"start": "00:20:43", "end": "00:20:49", "text": "Morgan Stanley publicly upgraded the"}, {"start": "00:20:47", "end": "00:20:52", "text": "stock. It was not based on the crypto"}, {"start": "00:20:49", "end": "00:20:54", "text": "revenues though. It was based on other"}, {"start": "00:20:52", "end": "00:20:56", "text": "things and the fact that the company was"}, {"start": "00:20:54", "end": "00:20:58", "text": "becoming a little bit like Apple,"}, {"start": "00:20:56", "end": "00:21:00", "text": "meaning multiple service revenue"}, {"start": "00:20:58", "end": "00:21:01", "text": "streams. And I think that's the thing to"}, {"start": "00:21:00", "end": "00:21:05", "text": "go through when you go back to the"}, {"start": "00:21:01", "end": "00:21:07", "text": "William Goyabber stuff. I believe that"}, {"start": "00:21:05", "end": "00:21:09", "text": "we are leaving a world of revenues and"}, {"start": "00:21:07", "end": "00:21:12", "text": "we are entering a world of two things"}, {"start": "00:21:09", "end": "00:21:14", "text": "that have value. trust and that's where"}, {"start": "00:21:12", "end": "00:21:15", "text": "Ethereum becomes really important. It's"}, {"start": "00:21:14", "end": "00:21:17", "text": "where Bitcoin becomes really important"}, {"start": "00:21:15", "end": "00:21:18", "text": "because I think in a world of AI people"}, {"start": "00:21:17", "end": "00:21:20", "text": "are underestimating the amount of"}, {"start": "00:21:18", "end": "00:21:22", "text": "hackings and the lack of trust that will"}, {"start": "00:21:20", "end": "00:21:25", "text": "be there and the trust that a company"}, {"start": "00:21:22", "end": "00:21:26", "text": "will be here in a decade and we can talk"}, {"start": "00:21:25", "end": "00:21:27", "text": "more about that with some of the things"}, {"start": "00:21:26", "end": "00:21:30", "text": "with Astra. But I think terminal value"}, {"start": "00:21:27", "end": "00:21:33", "text": "is declining. So trust is number one."}, {"start": "00:21:30", "end": "00:21:36", "text": "The second thing is velocity of of of"}, {"start": "00:21:33", "end": "00:21:39", "text": "it's the flow. It's the volume. It is"}, {"start": "00:21:36", "end": "00:21:41", "text": "just the mass of speed. And AI agents"}, {"start": "00:21:39", "end": "00:21:42", "text": "get a hell of a lot more done than"}, {"start": "00:21:41", "end": "00:21:44", "text": "humans. So, we're leaving a world where"}, {"start": "00:21:42", "end": "00:21:46", "text": "human beings were doing the trading and"}, {"start": "00:21:44", "end": "00:21:47", "text": "doing the consuming and doing"}, {"start": "00:21:46", "end": "00:21:49", "text": "everything. And we're getting to one"}, {"start": "00:21:47", "end": "00:21:51", "text": "where AI agents are doing more and more."}, {"start": "00:21:49", "end": "00:21:53", "text": "And so, Robin Hood is built for that."}, {"start": "00:21:51", "end": "00:21:55", "text": "You mentioned the agentic trading side."}, {"start": "00:21:53", "end": "00:21:56", "text": "I just did a video which is going to go"}, {"start": "00:21:55", "end": "00:21:59", "text": "up on my subscriber wall this week to"}, {"start": "00:21:56", "end": "00:22:03", "text": "teach people how to build and back test"}, {"start": "00:21:59", "end": "00:22:06", "text": "a model using a a a GitHub code that I"}, {"start": "00:22:03", "end": "00:22:08", "text": "put together that they can then pull in,"}, {"start": "00:22:06", "end": "00:22:10", "text": "stick it in their own LLM and then back"}, {"start": "00:22:08", "end": "00:22:13", "text": "test something to create a signal model"}, {"start": "00:22:10", "end": "00:22:14", "text": "and I go through a training episode of"}, {"start": "00:22:13", "end": "00:22:16", "text": "how they can do this and where the edges"}, {"start": "00:22:14", "end": "00:22:18", "text": "are for the humans and where the edges"}, {"start": "00:22:16", "end": "00:22:20", "text": "are for AI so that they and I think"}, {"start": "00:22:18", "end": "00:22:21", "text": "retail traders are very good at this so"}, {"start": "00:22:20", "end": "00:22:24", "text": "I think it's going to work well but then"}, {"start": "00:22:21", "end": "00:22:25", "text": "take that information and plug it into"}, {"start": "00:22:24", "end": "00:22:27", "text": "Robin Hood. And it's not just Robin"}, {"start": "00:22:25", "end": "00:22:30", "text": "Hood. Mumu has this. Interactive Brokers"}, {"start": "00:22:27", "end": "00:22:31", "text": "have this. Like the Agentic side where"}, {"start": "00:22:30", "end": "00:22:33", "text": "you can do it and you can paper trade"}, {"start": "00:22:31", "end": "00:22:34", "text": "it. You don't have to put money in. But"}, {"start": "00:22:33", "end": "00:22:35", "text": "I think it's really important for"}, {"start": "00:22:34", "end": "00:22:38", "text": "parents to have their kids do this"}, {"start": "00:22:35", "end": "00:22:40", "text": "because doing this type of stuff is the"}, {"start": "00:22:38", "end": "00:22:42", "text": "beginning of training your children on"}, {"start": "00:22:40", "end": "00:22:44", "text": "how to be entrepreneurs. And I've talked"}, {"start": "00:22:42", "end": "00:22:45", "text": "about my son on this point. I don't talk"}, {"start": "00:22:44", "end": "00:22:46", "text": "about my daughters as much because"}, {"start": "00:22:45", "end": "00:22:48", "text": "they're in the healthc care field."}, {"start": "00:22:46", "end": "00:22:50", "text": "They're helping people. My son's going"}, {"start": "00:22:48", "end": "00:22:53", "text": "to be more of an entrepreneur, but he's"}, {"start": "00:22:50", "end": "00:22:54", "text": "using agents daily. And I think for"}, {"start": "00:22:53", "end": "00:22:56", "text": "parents out there and everyone, what"}, {"start": "00:22:54", "end": "00:22:58", "text": "Robin Hood is allowing you to do is"}, {"start": "00:22:56", "end": "00:22:59", "text": "actually become a training ground for"}, {"start": "00:22:58", "end": "00:23:01", "text": "building stuff. So, I think of Robin"}, {"start": "00:22:59", "end": "00:23:04", "text": "Hood definitely in kind of the Apple App"}, {"start": "00:23:01", "end": "00:23:05", "text": "Store place, multiple revenue streams,"}, {"start": "00:23:04", "end": "00:23:06", "text": "and it's expanding not just with"}, {"start": "00:23:05", "end": "00:23:07", "text": "prediction markets, but also with what"}, {"start": "00:23:06", "end": "00:23:09", "text": "they've been doing right now with the"}, {"start": "00:23:07", "end": "00:23:10", "text": "trading side on Robin Hood chain."}, {"start": "00:23:09", "end": "00:23:14", "text": ">> You mentioned earlier that you think"}, {"start": "00:23:10", "end": "00:23:17", "text": "crypto is on the cusp of a very big bull"}, {"start": "00:23:14", "end": "00:23:19", "text": "market. Is that a in the month of"}, {"start": "00:23:17", "end": "00:23:20", "text": "September type thing? Is that a through"}, {"start": "00:23:19", "end": "00:23:22", "text": "the end of Q4 we should expect this?"}, {"start": "00:23:20", "end": "00:23:25", "text": "What how do you think about timing for"}, {"start": "00:23:22", "end": "00:23:28", "text": "the next great Bitcoin bull market?"}, {"start": "00:23:25", "end": "00:23:30", "text": ">> Well, I and I hate I hate for people to"}, {"start": "00:23:28", "end": "00:23:33", "text": "have to sit there and acknowledge it"}, {"start": "00:23:30", "end": "00:23:34", "text": "this way. So, quarter to date when we"}, {"start": "00:23:33", "end": "00:23:37", "text": "come to sit in here the best performing"}, {"start": "00:23:34", "end": "00:23:39", "text": "asset by far of all the major assets and"}, {"start": "00:23:37", "end": "00:23:41", "text": "I I'll say major assets by anything"}, {"start": "00:23:39", "end": "00:23:43", "text": "that's worth that has a valuation of"}, {"start": "00:23:41", "end": "00:23:45", "text": "let's say more than a hundred billion."}, {"start": "00:23:43", "end": "00:23:47", "text": "Ethereum is by far the best performing"}, {"start": "00:23:45", "end": "00:23:49", "text": "asset. Like not even close. Uh it's I"}, {"start": "00:23:47", "end": "00:23:52", "text": "think it's almost double Bitcoin quarter"}, {"start": "00:23:49", "end": "00:23:56", "text": "to date. While the S&P 500's around"}, {"start": "00:23:52", "end": "00:23:59", "text": "flat, NASDAQ's around flat. So we've so"}, {"start": "00:23:56", "end": "00:24:01", "text": "far had Bitcoin and crypto outperforming"}, {"start": "00:23:59", "end": "00:24:05", "text": "for a quarter while stocks have done"}, {"start": "00:24:01", "end": "00:24:07", "text": "nothing. Um I think that's good. That's"}, {"start": "00:24:05", "end": "00:24:09", "text": "very good. But the importance of that is"}, {"start": "00:24:07", "end": "00:24:11", "text": "the low correlation. But it also means"}, {"start": "00:24:09", "end": "00:24:13", "text": "the next thrust to me stocks will go up"}, {"start": "00:24:11", "end": "00:24:16", "text": "with crypto with it. So, I do think"}, {"start": "00:24:13", "end": "00:24:21", "text": "we're at the beginning stages of getting"}, {"start": "00:24:16", "end": "00:24:26", "text": "away. I have been very surprised at how"}, {"start": "00:24:21", "end": "00:24:27", "text": "I don't want to say negative, but how"}, {"start": "00:24:26", "end": "00:24:29", "text": "little people want to embrace this. I"}, {"start": "00:24:27", "end": "00:24:32", "text": "don't hear crypto people as like uber"}, {"start": "00:24:29", "end": "00:24:33", "text": "bullish. At least, let's say the regular"}, {"start": "00:24:32", "end": "00:24:35", "text": "people that I talk to on a they're"}, {"start": "00:24:33", "end": "00:24:36", "text": "they're skeptical because"}, {"start": "00:24:35", "end": "00:24:38", "text": ">> the crypto people are skeptical about"}, {"start": "00:24:36", "end": "00:24:40", "text": "Bitcoin and crypto's recent rally."}, {"start": "00:24:38", "end": "00:24:42", "text": ">> Well, that we're not going to retest the"}, {"start": "00:24:40", "end": "00:24:43", "text": "lows first. Um"}, {"start": "00:24:42", "end": "00:24:44", "text": ">> they're they're worried that we will."}, {"start": "00:24:43", "end": "00:24:45", "text": ">> Yeah, they're worried that we will. And"}, {"start": "00:24:44", "end": "00:24:47", "text": "I guess that makes sense. That's the way"}, {"start": "00:24:45", "end": "00:24:49", "text": "it should be after a bare market."}, {"start": "00:24:47", "end": "00:24:50", "text": ">> They got four cycles psychosis, you"}, {"start": "00:24:49", "end": "00:24:51", "text": "know. Yeah. It's like, hey, October's"}, {"start": "00:24:50", "end": "00:24:53", "text": "the bottom. That's what they've that's"}, {"start": "00:24:51", "end": "00:24:55", "text": "what they've been told. They line up"}, {"start": "00:24:53", "end": "00:24:56", "text": "their charts. I get it. I you know, I'm"}, {"start": "00:24:55", "end": "00:25:00", "text": "starting to lean more towards how"}, {"start": "00:24:56", "end": "00:25:02", "text": "important the Clarity Act um situation"}, {"start": "00:25:00", "end": "00:25:04", "text": "is. Not it's not going to stop what's"}, {"start": "00:25:02", "end": "00:25:08", "text": "going on regardless of what happens cuz"}, {"start": "00:25:04", "end": "00:25:10", "text": "they're going to put rules in place. But"}, {"start": "00:25:08", "end": "00:25:12", "text": "if anything positive happens on on"}, {"start": "00:25:10", "end": "00:25:14", "text": "clarity and it's funny you you go into X"}, {"start": "00:25:12", "end": "00:25:17", "text": "you read Brian Armstrong you read you"}, {"start": "00:25:14", "end": "00:25:17", "text": "know um I forget Patrick's name what's"}, {"start": "00:25:17", "end": "00:25:19", "text": "the"}, {"start": "00:25:17", "end": "00:25:21", "text": ">> Patrick Whit I mean they've been very"}, {"start": "00:25:19", "end": "00:25:23", "text": "positive this week that it's going to"}, {"start": "00:25:21", "end": "00:25:25", "text": "surprise the prediction markets which"}, {"start": "00:25:23", "end": "00:25:28", "text": "are below 20% it but I think that's for"}, {"start": "00:25:25", "end": "00:25:30", "text": "this year we if we got anything positive"}, {"start": "00:25:28", "end": "00:25:32", "text": "on clarity"}, {"start": "00:25:30", "end": "00:25:34", "text": "I think crypto would go up far faster"}, {"start": "00:25:32", "end": "00:25:37", "text": "than people realize"}, {"start": "00:25:34", "end": "00:25:39", "text": ">> big 100k if we get clarity Yes, I that"}, {"start": "00:25:37", "end": "00:25:41", "text": "that type of move to me and the reason I"}, {"start": "00:25:39", "end": "00:25:44", "text": "say it with conviction,"}, {"start": "00:25:41", "end": "00:25:46", "text": "the more I'm talking to people, let's"}, {"start": "00:25:44", "end": "00:25:47", "text": "say traditional finance, so related to"}, {"start": "00:25:46", "end": "00:25:49", "text": "the banks, cuz remember the banks are"}, {"start": "00:25:47", "end": "00:25:50", "text": "out there telling people they're ready"}, {"start": "00:25:49", "end": "00:25:54", "text": "for this, they're going to be involved,"}, {"start": "00:25:50", "end": "00:25:57", "text": "you know, all this stuff, tokenization,"}, {"start": "00:25:54", "end": "00:25:59", "text": "pension funds need regulations for this."}, {"start": "00:25:57", "end": "00:26:00", "text": "And so for the ecosystem as a whole,"}, {"start": "00:25:59", "end": "00:26:03", "text": "which is really the most important thing"}, {"start": "00:26:00", "end": "00:26:06", "text": "to me, um, Bitcoin can keep going higher"}, {"start": "00:26:03", "end": "00:26:10", "text": "and it can"}, {"start": "00:26:06", "end": "00:26:12", "text": "drag a little bit of glass on here."}, {"start": "00:26:10", "end": "00:26:14", "text": "Um, uh, Bitcoin can rally high."}, {"start": "00:26:12", "end": "00:26:16", "text": ">> You ever seen someone get wounded on a"}, {"start": "00:26:14", "end": "00:26:19", "text": "podcast? You just did."}, {"start": "00:26:16", "end": "00:26:21", "text": ">> It's all good. Uh,"}, {"start": "00:26:19", "end": "00:26:22", "text": "um, [clears throat]"}, {"start": "00:26:21", "end": "00:26:24", "text": "if clarity goes through, I think the"}, {"start": "00:26:22", "end": "00:26:26", "text": "ecosystem will be valued higher"}, {"start": "00:26:24", "end": "00:26:28", "text": "immediately because I think this opens"}, {"start": "00:26:26", "end": "00:26:31", "text": "up investment from pension funds, which"}, {"start": "00:26:28", "end": "00:26:33", "text": "are critical to the overall size of the"}, {"start": "00:26:31", "end": "00:26:35", "text": "money coming in. I think they need"}, {"start": "00:26:33", "end": "00:26:37", "text": "regulation. I think they need something"}, {"start": "00:26:35", "end": "00:26:39", "text": "to be able to again they're fiduciary."}, {"start": "00:26:37", "end": "00:26:40", "text": "They can't just jump into something."}, {"start": "00:26:39", "end": "00:26:42", "text": "Bitcoin has been around long enough that"}, {"start": "00:26:40", "end": "00:26:44", "text": "they can do that. But I think investing"}, {"start": "00:26:42", "end": "00:26:46", "text": "in the ecosystem, which is what the"}, {"start": "00:26:44", "end": "00:26:48", "text": "entrepreneurs need. I don't think it's a"}, {"start": "00:26:46", "end": "00:26:50", "text": "venture thing. I I think it's a pension"}, {"start": "00:26:48", "end": "00:26:52", "text": "thing. And I I think if clarity goes"}, {"start": "00:26:50", "end": "00:26:56", "text": "through, it's a big deal. It does feel"}, {"start": "00:26:52", "end": "00:26:57", "text": "to me like um clarity can't hurt and not"}, {"start": "00:26:56", "end": "00:27:00", "text": "like by it not being passed it can't"}, {"start": "00:26:57", "end": "00:27:01", "text": "hurt but it would be a a net new buyer"}, {"start": "00:27:00", "end": "00:27:03", "text": "entering the market or at least getting"}, {"start": "00:27:01", "end": "00:27:06", "text": "more excited and kind of sending us"}, {"start": "00:27:03", "end": "00:27:10", "text": "upward. Um on AI there's been a ton of"}, {"start": "00:27:06", "end": "00:27:12", "text": "stuff that's come out. Uh GPT live one I"}, {"start": "00:27:10", "end": "00:27:15", "text": "think it's called like the voice um"}, {"start": "00:27:12", "end": "00:27:16", "text": "Astra got released. Uh we got a whole"}, {"start": "00:27:15", "end": "00:27:20", "text": "debate as to whether OpenAI was"}, {"start": "00:27:16", "end": "00:27:22", "text": "unethically looking at mathematicians uh"}, {"start": "00:27:20", "end": "00:27:26", "text": "potential solutions to these uh century"}, {"start": "00:27:22", "end": "00:27:28", "text": "old problems. Um we have a guy who uh"}, {"start": "00:27:26", "end": "00:27:30", "text": "got a job at Anthropic for 6 weeks,"}, {"start": "00:27:28", "end": "00:27:32", "text": "quit, says it AI is going to kill"}, {"start": "00:27:30", "end": "00:27:33", "text": "everybody, but then somehow he's part of"}, {"start": "00:27:32", "end": "00:27:35", "text": "like the Doomer crowd and they're all"}, {"start": "00:27:33", "end": "00:27:38", "text": "retweeting him and like piling on. Seems"}, {"start": "00:27:35", "end": "00:27:41", "text": "kind of like a scop, but unclear"}, {"start": "00:27:38", "end": "00:27:41", "text": "what the hell is going on in AI."}, {"start": "00:27:41", "end": "00:27:43", "text": "[laughter]"}, {"start": "00:27:41", "end": "00:27:46", "text": "I mean, there was like a year's worth of"}, {"start": "00:27:43", "end": "00:27:47", "text": "progress in the last seven days."}, {"start": "00:27:46", "end": "00:27:49", "text": ">> Well, and you not only have that, I"}, {"start": "00:27:47", "end": "00:27:51", "text": "mean, Paul Tudtor Jones wrote an op-ed"}, {"start": "00:27:49", "end": "00:27:53", "text": "in the Wall Street Journal and I think"}, {"start": "00:27:51", "end": "00:27:57", "text": "uh I think Greg Jensen from Bridgewater"}, {"start": "00:27:53", "end": "00:28:00", "text": "also came out um again on the risks with"}, {"start": "00:27:57", "end": "00:28:02", "text": "AI and how um I think the I think"}, {"start": "00:28:00", "end": "00:28:04", "text": "Jensen's thing was it's going to kill"}, {"start": "00:28:02", "end": "00:28:06", "text": "people. Jensen said that."}, {"start": "00:28:04", "end": "00:28:09", "text": ">> Yeah, I've seen the news today or"}, {"start": "00:28:06", "end": "00:28:12", "text": "something. Um here here's the thing. Um,"}, {"start": "00:28:09", "end": "00:28:16", "text": "I am a person that believes that any"}, {"start": "00:28:12", "end": "00:28:18", "text": "progress in AI from this point, we"}, {"start": "00:28:16", "end": "00:28:20", "text": "should be expecting there to be"}, {"start": "00:28:18", "end": "00:28:22", "text": "problems. I mean, I don't know if you"}, {"start": "00:28:20", "end": "00:28:25", "text": "heard the Boston Scientific News this"}, {"start": "00:28:22", "end": "00:28:26", "text": "week, but they had a hacking and they"}, {"start": "00:28:25", "end": "00:28:28", "text": "basically said they're not going to meet"}, {"start": "00:28:26", "end": "00:28:30", "text": "their earnings numbers for the rest of"}, {"start": "00:28:28", "end": "00:28:31", "text": "this year and they had to take them down"}, {"start": "00:28:30", "end": "00:28:34", "text": "and had an impact on some other stocks"}, {"start": "00:28:31", "end": "00:28:38", "text": "like Striker. Uh, and then there was a"}, {"start": "00:28:34", "end": "00:28:42", "text": "power plant hack in the UK. Uh, and I"}, {"start": "00:28:38", "end": "00:28:44", "text": "think we got some information on Iran's"}, {"start": "00:28:42", "end": "00:28:45", "text": "plans on hacking and everything."}, {"start": "00:28:44", "end": "00:28:47", "text": ">> This is a crazy story. Yeah. So, first"}, {"start": "00:28:45", "end": "00:28:48", "text": "of all, I'm an investor in a company"}, {"start": "00:28:47", "end": "00:28:51", "text": "called Galvanic. I'm going to give them"}, {"start": "00:28:48", "end": "00:28:53", "text": "a shout out. Uh, somebody who worked uh"}, {"start": "00:28:51", "end": "00:28:57", "text": "at the White House left and his whole"}, {"start": "00:28:53", "end": "00:28:58", "text": "thing was we need to secure the critical"}, {"start": "00:28:57", "end": "00:29:00", "text": "infrastructure in America from cyber"}, {"start": "00:28:58", "end": "00:29:01", "text": "attacks. And when he first started"}, {"start": "00:29:00", "end": "00:29:02", "text": "talking about this a couple years ago,"}, {"start": "00:29:01", "end": "00:29:02", "text": "people are like, \"What are you talking"}, {"start": "00:29:02", "end": "00:29:04", "text": "about?\" He's like, \"Yeah, water"}, {"start": "00:29:02", "end": "00:29:06", "text": "treatment plants, you know, power"}, {"start": "00:29:04", "end": "00:29:08", "text": "plants, whatever.\""}, {"start": "00:29:06", "end": "00:29:10", "text": "Josh Steman looks like a genius right"}, {"start": "00:29:08", "end": "00:29:13", "text": "now. [laughter]"}, {"start": "00:29:10", "end": "00:29:15", "text": "Like do not go short Joshua Stein. Uh so"}, {"start": "00:29:13", "end": "00:29:19", "text": "that that's on the power plan stuff."}, {"start": "00:29:15", "end": "00:29:20", "text": "This Iran story is almost literally you"}, {"start": "00:29:19", "end": "00:29:23", "text": "couldn't put it in a movie. So for those"}, {"start": "00:29:20", "end": "00:29:27", "text": "who don't know, Iran was supposedly"}, {"start": "00:29:23", "end": "00:29:30", "text": "taking their war plans, the Ayatollah's"}, {"start": "00:29:27", "end": "00:29:32", "text": "funeral plans, uh targeting lists of"}, {"start": "00:29:30", "end": "00:29:35", "text": "people, spreadsheets, all this stuff,"}, {"start": "00:29:32", "end": "00:29:37", "text": "and they were feeding it to Claude. Now,"}, {"start": "00:29:35", "end": "00:29:38", "text": "it does make sense like if you want"}, {"start": "00:29:37", "end": "00:29:39", "text": "superhuman intelligence, it's probably"}, {"start": "00:29:38", "end": "00:29:40", "text": "smarter than anyone in Iran cuz it's"}, {"start": "00:29:39", "end": "00:29:43", "text": "smarter than anyone in the United"}, {"start": "00:29:40", "end": "00:29:45", "text": "States. So, like, okay. Um, but then"}, {"start": "00:29:43", "end": "00:29:47", "text": "Claude was like, \"Wait a minute. We're"}, {"start": "00:29:45", "end": "00:29:50", "text": "not going to let Iran use our computing"}, {"start": "00:29:47", "end": "00:29:53", "text": "intelligence to"}, {"start": "00:29:50", "end": "00:29:55", "text": "then plan killing people or all this"}, {"start": "00:29:53", "end": "00:29:58", "text": "kind of crazy stuff.\" So, they had the"}, {"start": "00:29:55", "end": "00:30:01", "text": "plans [laughter] and I'm assuming they"}, {"start": "00:29:58", "end": "00:30:02", "text": "turned it over to the government. Like"}, {"start": "00:30:01", "end": "00:30:04", "text": ">> that's kind of the same thing that"}, {"start": "00:30:02", "end": "00:30:07", "text": "OpenAI is being accused of on the"}, {"start": "00:30:04", "end": "00:30:08", "text": "mathematician problem of like oh that's"}, {"start": "00:30:07", "end": "00:30:10", "text": "uh you guys going to solve that century"}, {"start": "00:30:08", "end": "00:30:12", "text": "old problem. It'd be a shame if we"}, {"start": "00:30:10", "end": "00:30:13", "text": "figured out the exact same way to solve"}, {"start": "00:30:12", "end": "00:30:16", "text": "the problem which I'm not saying that"}, {"start": "00:30:13", "end": "00:30:18", "text": "they did it but if they are training the"}, {"start": "00:30:16", "end": "00:30:20", "text": "model on the questions that are being"}, {"start": "00:30:18", "end": "00:30:22", "text": "asked and then all of a sudden they"}, {"start": "00:30:20", "end": "00:30:24", "text": "solved the problem."}, {"start": "00:30:22", "end": "00:30:26", "text": ">> It does feel like privacy does feel like"}, {"start": "00:30:24", "end": "00:30:27", "text": "data security does feel like owning your"}, {"start": "00:30:26", "end": "00:30:29", "text": "own intelligence is going to become"}, {"start": "00:30:27", "end": "00:30:31", "text": "pretty important here."}, {"start": "00:30:29", "end": "00:30:35", "text": "All right. So,"}, {"start": "00:30:31", "end": "00:30:37", "text": "we've we're for anyone who either"}, {"start": "00:30:35", "end": "00:30:39", "text": "doesn't know these stories or doesn't"}, {"start": "00:30:37", "end": "00:30:43", "text": "know the importance of both of them and"}, {"start": "00:30:39", "end": "00:30:45", "text": "especially the the Navier Stokes part."}, {"start": "00:30:43", "end": "00:30:47", "text": "Um, if you're living in a world talking"}, {"start": "00:30:45", "end": "00:30:49", "text": "about oil and interest rates going"}, {"start": "00:30:47", "end": "00:30:52", "text": "higher, again, I I ju I just want to say"}, {"start": "00:30:49", "end": "00:30:54", "text": "we are so far past everything now. Uh, I"}, {"start": "00:30:52", "end": "00:30:59", "text": "asked Chachi PT what the IQ of Astra is"}, {"start": "00:30:54", "end": "00:31:02", "text": "because I used Astra on um on lab on"}, {"start": "00:30:59", "end": "00:31:03", "text": "Labor Day and I built a model a signal"}, {"start": "00:31:02", "end": "00:31:05", "text": "model [clears throat] and it led me to"}, {"start": "00:31:03", "end": "00:31:07", "text": "doing the video that I mentioned and the"}, {"start": "00:31:05", "end": "00:31:09", "text": "reason was that I was blown away with"}, {"start": "00:31:07", "end": "00:31:11", "text": "the step function change in this. Now I"}, {"start": "00:31:09", "end": "00:31:14", "text": "had talked about Crockbot for two weeks"}, {"start": "00:31:11", "end": "00:31:16", "text": "here. Astra took me to another level. So"}, {"start": "00:31:14", "end": "00:31:17", "text": "these stories that are coming out,"}, {"start": "00:31:16", "end": "00:31:20", "text": "whether it's the doomer story or whether"}, {"start": "00:31:17", "end": "00:31:22", "text": "it's the progress story, uh the reality"}, {"start": "00:31:20", "end": "00:31:24", "text": "is AI is here and it has a huge impact."}, {"start": "00:31:22", "end": "00:31:25", "text": "When you go through the astride and I"}, {"start": "00:31:24", "end": "00:31:28", "text": "listened to an interview with Greg"}, {"start": "00:31:25", "end": "00:31:30", "text": "Brockman on TBPN,"}, {"start": "00:31:28", "end": "00:31:32", "text": "um where when you listen to it,"}, {"start": "00:31:30", "end": "00:31:34", "text": "basically we've reached the point where"}, {"start": "00:31:32", "end": "00:31:39", "text": "okay, we used to have chat and we had"}, {"start": "00:31:34", "end": "00:31:40", "text": "openclaw. Then we had chat, co-work, and"}, {"start": "00:31:39", "end": "00:31:43", "text": "openclaw."}, {"start": "00:31:40", "end": "00:31:47", "text": "Well, now we have"}, {"start": "00:31:43", "end": "00:31:49", "text": "co-work and claude code and claude chat."}, {"start": "00:31:47", "end": "00:31:53", "text": "What Brockman said is basically"}, {"start": "00:31:49", "end": "00:31:56", "text": "everything now is inside"}, {"start": "00:31:53", "end": "00:31:58", "text": "chat GPT."}, {"start": "00:31:56", "end": "00:32:00", "text": "what happened with what they did and I"}, {"start": "00:31:58", "end": "00:32:03", "text": "think people should spend time on the"}, {"start": "00:32:00", "end": "00:32:04", "text": "Navier Stokes thing from and if you"}, {"start": "00:32:03", "end": "00:32:09", "text": "listen to Moonshots from this week they"}, {"start": "00:32:04", "end": "00:32:11", "text": "go through everything but 100,000 GPUs I"}, {"start": "00:32:09", "end": "00:32:14", "text": "believe that's what that number is now"}, {"start": "00:32:11", "end": "00:32:18", "text": "100,000 GPUs so this was brute force and"}, {"start": "00:32:14", "end": "00:32:19", "text": "this gets back into like anyone who"}, {"start": "00:32:18", "end": "00:32:22", "text": "thinks open source is going to compete"}, {"start": "00:32:19", "end": "00:32:26", "text": "with the brute force to get you know a"}, {"start": "00:32:22", "end": "00:32:28", "text": "century old uh formula"}, {"start": "00:32:26", "end": "00:32:30", "text": "math problem"}, {"start": "00:32:28", "end": "00:32:34", "text": "figured out"}, {"start": "00:32:30", "end": "00:32:35", "text": "leading to physics problems that will be"}, {"start": "00:32:34", "end": "00:32:37", "text": "solved. And when physics problems, if"}, {"start": "00:32:35", "end": "00:32:38", "text": "people really want to spend time on it,"}, {"start": "00:32:37", "end": "00:32:41", "text": "which I did this morning for a while, we"}, {"start": "00:32:38", "end": "00:32:43", "text": "talked about it before we sat down. I"}, {"start": "00:32:41", "end": "00:32:45", "text": "mean, we're talking about terminal value"}, {"start": "00:32:43", "end": "00:32:47", "text": "for the S&P 500 changing for any"}, {"start": "00:32:45", "end": "00:32:51", "text": "physical company, any mining companies,"}, {"start": "00:32:47", "end": "00:32:54", "text": "anything. Now it won't change it for the"}, {"start": "00:32:51", "end": "00:32:56", "text": "earnings for the next 3 years, 4 years,"}, {"start": "00:32:54", "end": "00:32:58", "text": "but 5 years and out, as I keep saying"}, {"start": "00:32:56", "end": "00:33:01", "text": "all the time, I think you have a"}, {"start": "00:32:58", "end": "00:33:02", "text": "question of whether these companies that"}, {"start": "00:33:01", "end": "00:33:04", "text": "are doing old traditional things of"}, {"start": "00:33:02", "end": "00:33:05", "text": "mining are really going to be able to"}, {"start": "00:33:04", "end": "00:33:08", "text": "make money ever again if we've got"}, {"start": "00:33:05", "end": "00:33:10", "text": "solutions that get down to physics and"}, {"start": "00:33:08", "end": "00:33:12", "text": "get into things for the heart and things"}, {"start": "00:33:10", "end": "00:33:14", "text": "for drug discovery and thing everything"}, {"start": "00:33:12", "end": "00:33:16", "text": "that you can imagine. And that's why you"}, {"start": "00:33:14", "end": "00:33:17", "text": "have to spend time not kind of reading"}, {"start": "00:33:16", "end": "00:33:19", "text": "about Navier Stokes but just going to"}, {"start": "00:33:17", "end": "00:33:21", "text": "chat GPT and say what does this mean for"}, {"start": "00:33:19", "end": "00:33:23", "text": "the world and I'll have a slide on that"}, {"start": "00:33:21", "end": "00:33:26", "text": "in there from my own exploration for 30"}, {"start": "00:33:23", "end": "00:33:28", "text": "minutes to learn about it. So AI is"}, {"start": "00:33:26", "end": "00:33:30", "text": "moving so fast and the compounding of"}, {"start": "00:33:28", "end": "00:33:32", "text": "these models is going at a speed which"}, {"start": "00:33:30", "end": "00:33:35", "text": "is unbelievable that when Jensen Yuang"}, {"start": "00:33:32", "end": "00:33:39", "text": "goes on stage and says congratulations"}, {"start": "00:33:35", "end": "00:33:43", "text": "to Open AI on hitting AGI."}, {"start": "00:33:39", "end": "00:33:45", "text": "Imagine in a week where a Jensen Yuang,"}, {"start": "00:33:43", "end": "00:33:49", "text": ">> godfather of AI,"}, {"start": "00:33:45", "end": "00:33:52", "text": ">> says, \"Congratulations for reaching AGI"}, {"start": "00:33:49", "end": "00:33:56", "text": "and the front page of the stock market"}, {"start": "00:33:52", "end": "00:33:58", "text": "has Besset saying, \"I am the house on"}, {"start": "00:33:56", "end": "00:34:00", "text": "one side and on the other side you have"}, {"start": "00:33:58", "end": "00:34:02", "text": "everyone panicking over rates and oil.\""}, {"start": "00:34:00", "end": "00:34:04", "text": "The week that Jenzen Wong says that in"}, {"start": "00:34:02", "end": "00:34:06", "text": "AGI, everyone's worried about that. And"}, {"start": "00:34:04", "end": "00:34:08", "text": "that is the reason why I just think for"}, {"start": "00:34:06", "end": "00:34:10", "text": "people that are using what's happening"}, {"start": "00:34:08", "end": "00:34:12", "text": "on the news and what's happening in the"}, {"start": "00:34:10", "end": "00:34:13", "text": "market, the S&P 500 is unchanged or at"}, {"start": "00:34:12", "end": "00:34:17", "text": "least as of yesterday, it was unchanged"}, {"start": "00:34:13", "end": "00:34:18", "text": "since like June 2nd."}, {"start": "00:34:17", "end": "00:34:20", "text": "But we've made all this progress in AI."}, {"start": "00:34:18", "end": "00:34:21", "text": "We've solved all these things. We've"}, {"start": "00:34:20", "end": "00:34:23", "text": "jumped. The market's completely"}, {"start": "00:34:21", "end": "00:34:24", "text": "mispriced relative to the progress"}, {"start": "00:34:23", "end": "00:34:27", "text": "that's happening. And that means that"}, {"start": "00:34:24", "end": "00:34:29", "text": "it's like keeping a water on or ball"}, {"start": "00:34:27", "end": "00:34:30", "text": "underwater and at some point it explodes"}, {"start": "00:34:29", "end": "00:34:33", "text": "higher. And that's why I said I think"}, {"start": "00:34:30", "end": "00:34:36", "text": "crypto as just a segue into why it'll go"}, {"start": "00:34:33", "end": "00:34:38", "text": "higher. Well, it did really well when"}, {"start": "00:34:36", "end": "00:34:40", "text": "stocks couldn't move and all these panic"}, {"start": "00:34:38", "end": "00:34:42", "text": "fears when what would happen if oil went"}, {"start": "00:34:40", "end": "00:34:46", "text": "down for a week and rates went down for"}, {"start": "00:34:42", "end": "00:34:48", "text": "5 days and we got the rate hike and"}, {"start": "00:34:46", "end": "00:34:50", "text": "everyone's like, \"Okay, now what?\" It's"}, {"start": "00:34:48", "end": "00:34:51", "text": "like the midterms, Jordy. The midterms"}, {"start": "00:34:50", "end": "00:34:52", "text": "are going to kill this and the Dems are"}, {"start": "00:34:51", "end": "00:34:55", "text": "going to win this and data centers are"}, {"start": "00:34:52", "end": "00:34:57", "text": "going to be I'm like, \"So, I guess the"}, {"start": "00:34:55", "end": "00:34:58", "text": "day the midterms are over and you turn"}, {"start": "00:34:57", "end": "00:34:59", "text": "around and you've been worried about"}, {"start": "00:34:58", "end": "00:35:01", "text": "this, what are you going to say when the"}, {"start": "00:34:59", "end": "00:35:03", "text": "stock market goes higher?\" Like,"}, {"start": "00:35:01", "end": "00:35:05", "text": "sometimes the Trump paid for it. That's"}, {"start": "00:35:03", "end": "00:35:06", "text": "what they're going to say. They're 100%"}, {"start": "00:35:05", "end": "00:35:08", "text": "going to say, \"He he said he's going to"}, {"start": "00:35:06", "end": "00:35:10", "text": "give out stimulus 100%.\""}, {"start": "00:35:08", "end": "00:35:13", "text": "Sometimes having done this a long time,"}, {"start": "00:35:10", "end": "00:35:14", "text": "the best thing for the market"}, {"start": "00:35:13", "end": "00:35:17", "text": ">> is just getting through the events and"}, {"start": "00:35:14", "end": "00:35:20", "text": "having what was expected at this point."}, {"start": "00:35:17", "end": "00:35:21", "text": ">> The Dems are expected to win"}, {"start": "00:35:20", "end": "00:35:23", "text": ">> everything regardless of what people"}, {"start": "00:35:21", "end": "00:35:24", "text": "say. At this point, the market expects"}, {"start": "00:35:23", "end": "00:35:25", "text": "the Fed to raise 25."}, {"start": "00:35:24", "end": "00:35:27", "text": ">> Mhm."}, {"start": "00:35:25", "end": "00:35:28", "text": ">> Okay. That's what's expected."}, {"start": "00:35:27", "end": "00:35:29", "text": ">> Do you think it's going to happen? Do I"}, {"start": "00:35:28", "end": "00:35:31", "text": "think they'll raise 25?"}, {"start": "00:35:29", "end": "00:35:34", "text": ">> Yeah."}, {"start": "00:35:31", "end": "00:35:36", "text": ">> I I don't think it's a 70% chance. And"}, {"start": "00:35:34", "end": "00:35:40", "text": ">> 81% on poly market as of this morning."}, {"start": "00:35:36", "end": "00:35:42", "text": "25 basis point. take"}, {"start": "00:35:40", "end": "00:35:44", "text": "I so I'm going to I'm going to say I"}, {"start": "00:35:42", "end": "00:35:46", "text": "don't think it's going to happen. I'm"}, {"start": "00:35:44", "end": "00:35:48", "text": "also gonna say I kind of hope it does"}, {"start": "00:35:46", "end": "00:35:50", "text": "happen so we can just get rid of it"}, {"start": "00:35:48", "end": "00:35:52", "text": "because"}, {"start": "00:35:50", "end": "00:35:53", "text": ">> I think the more likely scenario or the"}, {"start": "00:35:52", "end": "00:35:56", "text": "one that's the most bullish for the"}, {"start": "00:35:53", "end": "00:35:58", "text": "market because if he doesn't go it just"}, {"start": "00:35:56", "end": "00:36:03", "text": "leaves up that he could go"}, {"start": "00:35:58", "end": "00:36:04", "text": "forward. Um if he goes and basically"}, {"start": "00:36:03", "end": "00:36:07", "text": "says"}, {"start": "00:36:04", "end": "00:36:09", "text": "okay we I did this because the committee"}, {"start": "00:36:07", "end": "00:36:11", "text": "is split"}, {"start": "00:36:09", "end": "00:36:14", "text": "and because I felt like the arguments"}, {"start": "00:36:11", "end": "00:36:17", "text": "were towards this side as an insurance"}, {"start": "00:36:14", "end": "00:36:20", "text": "and I believe it's better to do 25 now"}, {"start": "00:36:17", "end": "00:36:23", "text": "and get ahead of things if they keep"}, {"start": "00:36:20", "end": "00:36:24", "text": "going to open up the possibility but I"}, {"start": "00:36:23", "end": "00:36:27", "text": "don't think we're going to do any more."}, {"start": "00:36:24", "end": "00:36:30", "text": "So basically a dovish hike that would"}, {"start": "00:36:27", "end": "00:36:32", "text": "satisfy the Fed credibility. It might"}, {"start": "00:36:30", "end": "00:36:35", "text": "help the long end of the market. It"}, {"start": "00:36:32", "end": "00:36:36", "text": "would give people something. I don't"}, {"start": "00:36:35", "end": "00:36:38", "text": "think it matters. Like I said, I don't"}, {"start": "00:36:36", "end": "00:36:40", "text": "know why 25 basis points up or down"}, {"start": "00:36:38", "end": "00:36:43", "text": "matters to anyone as long as earnings"}, {"start": "00:36:40", "end": "00:36:45", "text": "are growing. And unlike 2022, and every"}, {"start": "00:36:43", "end": "00:36:48", "text": "time I see someone in the market do"}, {"start": "00:36:45", "end": "00:36:51", "text": "this, 2022 was a very unique situation."}, {"start": "00:36:48", "end": "00:36:53", "text": "We were coming from incredibly low"}, {"start": "00:36:51", "end": "00:36:55", "text": "rates. AI was not a part of the"}, {"start": "00:36:53", "end": "00:36:59", "text": "equation. So we didn't have this massive"}, {"start": "00:36:55", "end": "00:37:00", "text": "capex and earnings boom based on that."}, {"start": "00:36:59", "end": "00:37:03", "text": "We were coming out of a recession"}, {"start": "00:37:00", "end": "00:37:06", "text": "obviously and we had inflation up at 10%"}, {"start": "00:37:03", "end": "00:37:09", "text": "or nine and change. Now we've got core"}, {"start": "00:37:06", "end": "00:37:11", "text": "inflation at 2.4% in terms of core CPI."}, {"start": "00:37:09", "end": "00:37:14", "text": "We already have rates at this level and"}, {"start": "00:37:11", "end": "00:37:18", "text": "we were going the debate wasn't 25. It"}, {"start": "00:37:14", "end": "00:37:21", "text": "was do we go 50, do we go 75? And so we"}, {"start": "00:37:18", "end": "00:37:23", "text": "raised rates really quickly in 2022. And"}, {"start": "00:37:21", "end": "00:37:24", "text": "then once we slowed down and basically"}, {"start": "00:37:23", "end": "00:37:26", "text": "came to the end, that's when you wanted"}, {"start": "00:37:24", "end": "00:37:28", "text": "to buy stock. So I just think uh the"}, {"start": "00:37:26", "end": "00:37:31", "text": "best thing for the market would probably"}, {"start": "00:37:28", "end": "00:37:33", "text": "be raising 25 with some kind of dovish"}, {"start": "00:37:31", "end": "00:37:36", "text": "message that this was an insurance"}, {"start": "00:37:33", "end": "00:37:37", "text": "thing. And since inflation is already on"}, {"start": "00:37:36", "end": "00:37:39", "text": "the low side there, but it would not"}, {"start": "00:37:37", "end": "00:37:41", "text": "surprise me if behind the scenes the"}, {"start": "00:37:39", "end": "00:37:43", "text": "pressure from the White House and what"}, {"start": "00:37:41", "end": "00:37:46", "text": "Donald Trump wants. Uh, I think we all"}, {"start": "00:37:43", "end": "00:37:49", "text": "make mistakes when we start fading what"}, {"start": "00:37:46", "end": "00:37:50", "text": "Besson and Trump are going to do to make"}, {"start": "00:37:49", "end": "00:37:52", "text": "sure what they want to have happen"}, {"start": "00:37:50", "end": "00:37:54", "text": "happens. Today's episode is brought to"}, {"start": "00:37:52", "end": "00:37:57", "text": "you by Token 2049. The largest"}, {"start": "00:37:54", "end": "00:38:00", "text": "conference in crypto is back. Token 2049"}, {"start": "00:37:57", "end": "00:38:02", "text": "will host 25,000 people, 300 speakers,"}, {"start": "00:38:00", "end": "00:38:04", "text": "and a,000 plus side events in Singapore"}, {"start": "00:38:02", "end": "00:38:06", "text": "on October 7th and 8th at Marina [music]"}, {"start": "00:38:04", "end": "00:38:08", "text": "Bay Sands. The speaker list is"}, {"start": "00:38:06", "end": "00:38:10", "text": "absolutely stacked. Shane Copeland from"}, {"start": "00:38:08", "end": "00:38:12", "text": "Poly Market, Jeff Yan from Hyperlquid,"}, {"start": "00:38:10", "end": "00:38:15", "text": "Adena Freriedman from NASDAQ, Arthur"}, {"start": "00:38:12", "end": "00:38:16", "text": "Hayes, Bellagi, and Eric Trump. Crypto"}, {"start": "00:38:15", "end": "00:38:17", "text": "and traditional finance in the same"}, {"start": "00:38:16", "end": "00:38:19", "text": "building, which tells you a lot about"}, {"start": "00:38:17", "end": "00:38:21", "text": "where this is going. And the conference"}, {"start": "00:38:19", "end": "00:38:23", "text": "runs right into F1 weekend, so the whole"}, {"start": "00:38:21", "end": "00:38:25", "text": "thing turns into one giant week. If"}, {"start": "00:38:23", "end": "00:38:27", "text": "you're headed to Singapore, use code"}, {"start": "00:38:25", "end": "00:38:30", "text": "POMP 10 for 10% off your ticket. Token"}, {"start": "00:38:27", "end": "00:38:31", "text": "2049, October 7th and 8th in Singapore."}, {"start": "00:38:30", "end": "00:38:34", "text": "[music] Go check them out in the link in"}, {"start": "00:38:31", "end": "00:38:35", "text": "the description. Today's episode is"}, {"start": "00:38:34", "end": "00:38:37", "text": "brought to you by Simple Mining. Bitcoin"}, {"start": "00:38:35", "end": "00:38:39", "text": "mining has a reputation for being"}, {"start": "00:38:37", "end": "00:38:41", "text": "complicated, risky, and hard to evaluate"}, {"start": "00:38:39", "end": "00:38:43", "text": "as a real investment. If you're"}, {"start": "00:38:41", "end": "00:38:44", "text": "considering mining in 2026, what"}, {"start": "00:38:43", "end": "00:38:47", "text": "actually matters isn't headline"}, {"start": "00:38:44", "end": "00:38:49", "text": "profitability. It's uptime, repairs, and"}, {"start": "00:38:47", "end": "00:38:50", "text": "whether the operation is run like a real"}, {"start": "00:38:49", "end": "00:38:52", "text": "business. That's why I've been using"}, {"start": "00:38:50", "end": "00:38:54", "text": "Simple Mining. They're based in Cedar"}, {"start": "00:38:52", "end": "00:38:56", "text": "Falls, [music] Iowa, and they run a"}, {"start": "00:38:54", "end": "00:38:58", "text": "white glove hosting operation where you"}, {"start": "00:38:56", "end": "00:39:00", "text": "own your miners. You choose your own"}, {"start": "00:38:58", "end": "00:39:02", "text": "pool, and you have Bitcoin sent directly"}, {"start": "00:39:00", "end": "00:39:03", "text": "to your wallet. They were featured on"}, {"start": "00:39:02", "end": "00:39:06", "text": "the Inc. 5,000 lists as the fastest"}, {"start": "00:39:03", "end": "00:39:08", "text": "growing company in Iowa with over 40,000"}, {"start": "00:39:06", "end": "00:39:10", "text": "machines under management. What stands"}, {"start": "00:39:08", "end": "00:39:11", "text": "[music] out to me is execution. They"}, {"start": "00:39:10", "end": "00:39:13", "text": "have the number one rated ASIC repair"}, {"start": "00:39:11", "end": "00:39:16", "text": "center. And for the first 12 months,"}, {"start": "00:39:13", "end": "00:39:17", "text": "repairs are included. If mining margins"}, {"start": "00:39:16", "end": "00:39:19", "text": "get tight, you can pause with no"}, {"start": "00:39:17", "end": "00:39:20", "text": "penalties. And if you want to resize or"}, {"start": "00:39:19", "end": "00:39:22", "text": "upgrade your fleet, there's a"}, {"start": "00:39:20", "end": "00:39:24", "text": "marketplace to resell equipment instead"}, {"start": "00:39:22", "end": "00:39:25", "text": "of being stuck. To help people think it"}, {"start": "00:39:24", "end": "00:39:27", "text": "through whether mining actually makes"}, {"start": "00:39:25", "end": "00:39:29", "text": "sense right now, they put together a"}, {"start": "00:39:27", "end": "00:39:31", "text": "short resource called the [music] 2026"}, {"start": "00:39:29", "end": "00:39:32", "text": "Bitcoin mining blueprint. It walks"}, {"start": "00:39:31", "end": "00:39:34", "text": "through the five mistakes investors make"}, {"start": "00:39:32", "end": "00:39:36", "text": "when allocating to mining and they also"}, {"start": "00:39:34", "end": "00:39:37", "text": "explain how to avoid them before"}, {"start": "00:39:36", "end": "00:39:39", "text": "deploying capital. If it sounds"}, {"start": "00:39:37", "end": "00:39:42", "text": "interesting to you, you can get it for"}, {"start": "00:39:39", "end": "00:39:44", "text": "free at simplemining.io/p."}, {"start": "00:39:42", "end": "00:39:46", "text": "That's simplemining.io/p."}, {"start": "00:39:44", "end": "00:39:47", "text": "[music]"}, {"start": "00:39:46", "end": "00:39:50", "text": "Go check it out today and see if you"}, {"start": "00:39:47", "end": "00:39:51", "text": "should get into the mining game."}, {"start": "00:39:50", "end": "00:39:54", "text": "If they raise rates, I will understand"}, {"start": "00:39:51", "end": "00:39:56", "text": "why. If I'm a betting man, there is a"}, {"start": "00:39:54", "end": "00:39:59", "text": "negative% chance they're cutting or"}, {"start": "00:39:56", "end": "00:40:01", "text": "they're raising rates. And it all falls"}, {"start": "00:39:59", "end": "00:40:02", "text": "down to we are going to learn a lesson"}, {"start": "00:40:01", "end": "00:40:05", "text": "that we have learned in the past, which"}, {"start": "00:40:02", "end": "00:40:08", "text": "is the Fed is not independent."}, {"start": "00:40:05", "end": "00:40:11", "text": "And the same reason that Jerome Powell"}, {"start": "00:40:08", "end": "00:40:12", "text": "cut rates right before the election is"}, {"start": "00:40:11", "end": "00:40:14", "text": "going to be the same reason why I don't"}, {"start": "00:40:12", "end": "00:40:18", "text": "think Kevin War's going to raise rates"}, {"start": "00:40:14", "end": "00:40:22", "text": "right now. And if you have a job, you"}, {"start": "00:40:18", "end": "00:40:24", "text": "got a boss. And if you got a boss,"}, {"start": "00:40:22", "end": "00:40:27", "text": "you may say you're independent, but you"}, {"start": "00:40:24", "end": "00:40:30", "text": "kind of listen. You may even argue back,"}, {"start": "00:40:27", "end": "00:40:32", "text": "but the message kind of gets through."}, {"start": "00:40:30", "end": "00:40:34", "text": "And so, let's see, right? But if they"}, {"start": "00:40:32", "end": "00:40:36", "text": "raise rates, I will understand. I I"}, {"start": "00:40:34", "end": "00:40:37", "text": "think that the data is, you know, kind"}, {"start": "00:40:36", "end": "00:40:39", "text": "of iffy and there probably is going to"}, {"start": "00:40:37", "end": "00:40:42", "text": "be some disagreement on and there has"}, {"start": "00:40:39", "end": "00:40:45", "text": "been disagreement at the FOMC, but I do"}, {"start": "00:40:42", "end": "00:40:48", "text": "think that the politics of it all is uh"}, {"start": "00:40:45", "end": "00:40:49", "text": "heavily mispriced or misallocated in"}, {"start": "00:40:48", "end": "00:40:50", "text": "terms of its importance."}, {"start": "00:40:49", "end": "00:40:53", "text": ">> So, let's go let's go back this way"}, {"start": "00:40:50", "end": "00:40:55", "text": "because I I again, let's say there's"}, {"start": "00:40:53", "end": "00:40:58", "text": "three possibilities. There's the the"}, {"start": "00:40:55", "end": "00:40:59", "text": "Trump pressure one. Doesn't raise."}, {"start": "00:40:58", "end": "00:41:01", "text": ">> Okay."}, {"start": "00:40:59", "end": "00:41:03", "text": ">> There's the"}, {"start": "00:41:01", "end": "00:41:04", "text": "Okay, fine. I'm going to raise, but I'm"}, {"start": "00:41:03", "end": "00:41:04", "text": "also going to be dovish."}, {"start": "00:41:04", "end": "00:41:06", "text": ">> Mhm."}, {"start": "00:41:04", "end": "00:41:07", "text": ">> And then there's the third one, which is"}, {"start": "00:41:06", "end": "00:41:09", "text": "I'm going to raise and be hawkish. Oh,"}, {"start": "00:41:07", "end": "00:41:11", "text": ">> there's a fourth. What if he cuts?"}, {"start": "00:41:09", "end": "00:41:12", "text": ">> Okay, let's leave that one alone. We'll"}, {"start": "00:41:11", "end": "00:41:13", "text": "put that at zero."}, {"start": "00:41:12", "end": "00:41:14", "text": ">> Bitcoin to a million."}, {"start": "00:41:13", "end": "00:41:17", "text": "Um, [laughter]"}, {"start": "00:41:14", "end": "00:41:19", "text": "I I think if I was going to say then if"}, {"start": "00:41:17", "end": "00:41:21", "text": "though if we I think you can take one"}, {"start": "00:41:19", "end": "00:41:22", "text": "and two and and put them together"}, {"start": "00:41:21", "end": "00:41:26", "text": "because I think a hike with a dovish"}, {"start": "00:41:22", "end": "00:41:27", "text": "message is the same as in fact I"}, {"start": "00:41:26", "end": "00:41:31", "text": "actually think it might be better for"}, {"start": "00:41:27", "end": "00:41:33", "text": "the market than not hiking because to"}, {"start": "00:41:31", "end": "00:41:35", "text": "your point I think the Fed credibility"}, {"start": "00:41:33", "end": "00:41:37", "text": "thing will become an issue and the"}, {"start": "00:41:35", "end": "00:41:38", "text": "question is what does that mean? Now, if"}, {"start": "00:41:37", "end": "00:41:40", "text": "the dollar falls off and everyone goes"}, {"start": "00:41:38", "end": "00:41:43", "text": "through this, fine. But if rates shoot"}, {"start": "00:41:40", "end": "00:41:46", "text": "higher because he doesn't cut because he"}, {"start": "00:41:43", "end": "00:41:47", "text": "doesn't raise, I I think that might be a"}, {"start": "00:41:46", "end": "00:41:50", "text": "bigger issue. But let's assume that the"}, {"start": "00:41:47", "end": "00:41:53", "text": "first two are the I mean, I'm guessing"}, {"start": "00:41:50", "end": "00:41:57", "text": "that those are 90% when combined. I"}, {"start": "00:41:53", "end": "00:41:58", "text": "don't think I don't think raising rates"}, {"start": "00:41:57", "end": "00:41:59", "text": "with a hawkish message."}, {"start": "00:41:58", "end": "00:42:01", "text": ">> Yeah, I don't think that's"}, {"start": "00:41:59", "end": "00:42:02", "text": ">> I I don't think it is either based on"}, {"start": "00:42:01", "end": "00:42:03", "text": "the data that we've had over since the"}, {"start": "00:42:02", "end": "00:42:04", "text": "last meeting."}, {"start": "00:42:03", "end": "00:42:06", "text": ">> I don't think it is strategic for them."}, {"start": "00:42:04", "end": "00:42:07", "text": "I don't think the data supports it, nor"}, {"start": "00:42:06", "end": "00:42:08", "text": "do I think that's what they want to"}, {"start": "00:42:07", "end": "00:42:09", "text": "[clears throat] do. Correct. Right. So,"}, {"start": "00:42:08", "end": "00:42:12", "text": "it's like you're kind of three strikes"}, {"start": "00:42:09", "end": "00:42:13", "text": "you're out on that. Um, it's an"}, {"start": "00:42:12", "end": "00:42:16", "text": "interesting way to think about maybe"}, {"start": "00:42:13", "end": "00:42:17", "text": "raising and being dovish is the same as"}, {"start": "00:42:16", "end": "00:42:19", "text": "just leaving. Um, but you may get an"}, {"start": "00:42:17", "end": "00:42:21", "text": "advantage from it. Um,"}, {"start": "00:42:19", "end": "00:42:22", "text": ">> let's see. But, you know, I don't know"}, {"start": "00:42:21", "end": "00:42:26", "text": "if you got the message. Uh, we are the"}, {"start": "00:42:22", "end": "00:42:26", "text": "house now. [laughter]"}, {"start": "00:42:26", "end": "00:42:30", "text": ">> I mean, did you hear his uh his"}, {"start": "00:42:28", "end": "00:42:30", "text": "commentary uh this morning?"}, {"start": "00:42:30", "end": "00:42:31", "text": ">> No."}, {"start": "00:42:30", "end": "00:42:35", "text": ">> Or maybe it was late last night, but it"}, {"start": "00:42:31", "end": "00:42:38", "text": "was all over uh X today. He went on uh"}, {"start": "00:42:35", "end": "00:42:40", "text": "Steve Bannon's war room of all places"}, {"start": "00:42:38", "end": "00:42:42", "text": ">> and he said, \"If the uh Bloomberg"}, {"start": "00:42:40", "end": "00:42:43", "text": "terminal bros are upset with me, then so"}, {"start": "00:42:42", "end": "00:42:44", "text": "be it.\""}, {"start": "00:42:43", "end": "00:42:46", "text": ">> And he's just like, \"Look, I'm going to"}, {"start": "00:42:44", "end": "00:42:50", "text": "do what I'm going to do. I kind of don't"}, {"start": "00:42:46", "end": "00:42:52", "text": "care.\" But uh whether it is the uh uh"}, {"start": "00:42:50", "end": "00:42:54", "text": "commentary around the Edmonton"}, {"start": "00:42:52", "end": "00:42:56", "text": "submarines when he was talking about"}, {"start": "00:42:54", "end": "00:42:58", "text": "Canada, the Bloomberg terminal bros, I"}, {"start": "00:42:56", "end": "00:42:59", "text": "mean, this guy is a all-time"}, {"start": "00:42:58", "end": "00:43:01", "text": "communicator. And I think that he's been"}, {"start": "00:42:59", "end": "00:43:03", "text": "uh rubbing shoulders with Trump for a"}, {"start": "00:43:01", "end": "00:43:05", "text": "while now cuz he is definitely finding"}, {"start": "00:43:03", "end": "00:43:09", "text": "his uh you know his voice if you will."}, {"start": "00:43:05", "end": "00:43:11", "text": ">> I I I mean"}, {"start": "00:43:09", "end": "00:43:13", "text": "I I lived in the world of Wall Street."}, {"start": "00:43:11", "end": "00:43:16", "text": "I've known Scott Pesson a long time or"}, {"start": "00:43:13", "end": "00:43:18", "text": "at least known of him a long time and I"}, {"start": "00:43:16", "end": "00:43:19", "text": "have had many many people talk to me"}, {"start": "00:43:18", "end": "00:43:20", "text": "about him. The same thing with Kevin"}, {"start": "00:43:19", "end": "00:43:22", "text": "Walsh."}, {"start": "00:43:20", "end": "00:43:25", "text": ">> Um work with many people who worked for"}, {"start": "00:43:22", "end": "00:43:27", "text": "them, been around them. This is not the"}, {"start": "00:43:25", "end": "00:43:29", "text": "Scott Bessant that"}, {"start": "00:43:27", "end": "00:43:30", "text": ">> he was not an elite talker forever."}, {"start": "00:43:29", "end": "00:43:33", "text": "[laughter]"}, {"start": "00:43:30", "end": "00:43:34", "text": ">> I mean, I I remember before he got the"}, {"start": "00:43:33", "end": "00:43:37", "text": "before he got the job when we were"}, {"start": "00:43:34", "end": "00:43:38", "text": "talking about if he got the job, a lot"}, {"start": "00:43:37", "end": "00:43:40", "text": "of people were saying I don't know if"}, {"start": "00:43:38", "end": "00:43:42", "text": "he'd be able to handle which Trump's"}, {"start": "00:43:40", "end": "00:43:42", "text": "going to go. I think actually he's"}, {"start": "00:43:42", "end": "00:43:45", "text": "incredible."}, {"start": "00:43:42", "end": "00:43:48", "text": ">> He's become in many ways. So that's why"}, {"start": "00:43:45", "end": "00:43:49", "text": "I I do agree with you that and it's the"}, {"start": "00:43:48", "end": "00:43:52", "text": "reason why I think when people are"}, {"start": "00:43:49", "end": "00:43:57", "text": "challenging like rates, it's not that"}, {"start": "00:43:52", "end": "00:44:00", "text": "I 10ear rates to me"}, {"start": "00:43:57", "end": "00:44:02", "text": "should be 200 basis points higher. Okay."}, {"start": "00:44:00", "end": "00:44:05", "text": "Now, that is not what the administration"}, {"start": "00:44:02", "end": "00:44:08", "text": "wants and it's not what the Fed wants"}, {"start": "00:44:05", "end": "00:44:11", "text": "either. And I say that based on well,"}, {"start": "00:44:08", "end": "00:44:13", "text": "what's the the point that we'd actually"}, {"start": "00:44:11", "end": "00:44:14", "text": "be restrictive on the economy? And I"}, {"start": "00:44:13", "end": "00:44:16", "text": "think tenure rates need to be"}, {"start": "00:44:14", "end": "00:44:19", "text": "significantly higher to be restrictive."}, {"start": "00:44:16", "end": "00:44:21", "text": "In the past,"}, {"start": "00:44:19", "end": "00:44:24", "text": "tenure rates were about 200 basis points"}, {"start": "00:44:21", "end": "00:44:26", "text": "above nominal GDP. Well, nominal GDP is"}, {"start": "00:44:24", "end": "00:44:28", "text": "6%. So, theoretically, you should be"}, {"start": "00:44:26", "end": "00:44:32", "text": "eight. Now, that all changed in 1997."}, {"start": "00:44:28", "end": "00:44:34", "text": "And in 1997, we went below during the"}, {"start": "00:44:32", "end": "00:44:36", "text": "Asian financial crisis, and we never got"}, {"start": "00:44:34", "end": "00:44:38", "text": "back above except for periods of time"}, {"start": "00:44:36", "end": "00:44:40", "text": "when nominal GDP collapsed during"}, {"start": "00:44:38", "end": "00:44:42", "text": "recessions. When nominal GDP was stable,"}, {"start": "00:44:40", "end": "00:44:44", "text": "tenure rates were always below it. The"}, {"start": "00:44:42", "end": "00:44:46", "text": "reason I say it should be above it,"}, {"start": "00:44:44", "end": "00:44:48", "text": "well, we no longer are depend. This"}, {"start": "00:44:46", "end": "00:44:49", "text": "economy is not dependent on autos and"}, {"start": "00:44:48", "end": "00:44:51", "text": "housing. Like I can't say loud enough to"}, {"start": "00:44:49", "end": "00:44:52", "text": "people, this is not an interest rate"}, {"start": "00:44:51", "end": "00:44:54", "text": "sensitive market."}, {"start": "00:44:52", "end": "00:44:57", "text": ">> If rates at higher level, everyone that"}, {"start": "00:44:54", "end": "00:45:00", "text": "has cash is getting more money in their"}, {"start": "00:44:57", "end": "00:45:02", "text": "bank account. And so we're just at a"}, {"start": "00:45:00", "end": "00:45:03", "text": "point of time where transfer payments"}, {"start": "00:45:02", "end": "00:45:05", "text": "are huge, meaning the government is"}, {"start": "00:45:03", "end": "00:45:07", "text": "handing out money to people that don't"}, {"start": "00:45:05", "end": "00:45:09", "text": "have enough money. And then at the on"}, {"start": "00:45:07", "end": "00:45:11", "text": "the other side, the AI trade has nothing"}, {"start": "00:45:09", "end": "00:45:13", "text": "to do with tenure rates at this point."}, {"start": "00:45:11", "end": "00:45:15", "text": "And I can't say this loud enough to"}, {"start": "00:45:13", "end": "00:45:17", "text": "everyone who listens to doomers and all"}, {"start": "00:45:15", "end": "00:45:19", "text": "this stuff. Well, they need to go borrow"}, {"start": "00:45:17", "end": "00:45:22", "text": "money."}, {"start": "00:45:19", "end": "00:45:24", "text": "That's ridiculous. I mean, it really is"}, {"start": "00:45:22", "end": "00:45:26", "text": "ridiculous. I am uh the unofficial"}, {"start": "00:45:24", "end": "00:45:30", "text": "president of uh the Scott Besson fan"}, {"start": "00:45:26", "end": "00:45:32", "text": "club. And um you know, uh Mr. Treasury"}, {"start": "00:45:30", "end": "00:45:34", "text": "Secretary, if you're watching this, uh"}, {"start": "00:45:32", "end": "00:45:36", "text": "talk your I I love it. I I think"}, {"start": "00:45:34", "end": "00:45:38", "text": "it's amazing. I think that uh he does"}, {"start": "00:45:36", "end": "00:45:40", "text": "calm the market compared to, you know,"}, {"start": "00:45:38", "end": "00:45:42", "text": "Trump's kind of erratic uh craziness"}, {"start": "00:45:40", "end": "00:45:44", "text": "sometimes. And uh I actually think that"}, {"start": "00:45:42", "end": "00:45:46", "text": "they are a pretty good duo because it's"}, {"start": "00:45:44", "end": "00:45:46", "text": "kind of like carrot and stick to a"}, {"start": "00:45:46", "end": "00:45:48", "text": "degree. Yep."}, {"start": "00:45:46", "end": "00:45:50", "text": ">> Although Besson maybe is, you know, he's"}, {"start": "00:45:48", "end": "00:45:54", "text": "developing a stick um in that he is the"}, {"start": "00:45:50", "end": "00:45:55", "text": "house now. Um but if you go and you look"}, {"start": "00:45:54", "end": "00:45:59", "text": "at the other side of this maybe kind of"}, {"start": "00:45:55", "end": "00:46:01", "text": "private sector, you know, um man, they"}, {"start": "00:45:59", "end": "00:46:03", "text": "really need the entrepreneurs and the AI"}, {"start": "00:46:01", "end": "00:46:06", "text": "companies and you know, uh the data"}, {"start": "00:46:03", "end": "00:46:09", "text": "centers, etc. perform and in a very"}, {"start": "00:46:06", "end": "00:46:12", "text": "weird way there's an unofficial public"}, {"start": "00:46:09", "end": "00:46:13", "text": "private partnership that is attacking"}, {"start": "00:46:12", "end": "00:46:16", "text": "the problems of the US economy"}, {"start": "00:46:13", "end": "00:46:19", "text": ">> and the private sector is doing a damn"}, {"start": "00:46:16", "end": "00:46:21", "text": "good job of getting this technology out"}, {"start": "00:46:19", "end": "00:46:23", "text": "creating you know uh jobs and growth and"}, {"start": "00:46:21", "end": "00:46:25", "text": "productivity and revenue and earnings"}, {"start": "00:46:23", "end": "00:46:27", "text": "growth and like all the things that"}, {"start": "00:46:25", "end": "00:46:29", "text": "actually are providing a lot of uh"}, {"start": "00:46:27", "end": "00:46:31", "text": "relief for the Treasury Secretary the"}, {"start": "00:46:29", "end": "00:46:33", "text": "Fed you know they would be in a much"}, {"start": "00:46:31", "end": "00:46:34", "text": "more dire situation if they did not have"}, {"start": "00:46:33", "end": "00:46:36", "text": "the productivity gain and the technology"}, {"start": "00:46:34", "end": "00:46:40", "text": "innovation that's happening. And so I"}, {"start": "00:46:36", "end": "00:46:42", "text": "think that the macro people really focus"}, {"start": "00:46:40", "end": "00:46:44", "text": "on like reading the tea leaves and you"}, {"start": "00:46:42", "end": "00:46:46", "text": "know kind of playing the you know um"}, {"start": "00:46:44", "end": "00:46:47", "text": "astrology for men game of like what are"}, {"start": "00:46:46", "end": "00:46:48", "text": "they going to say? What are they going"}, {"start": "00:46:47", "end": "00:46:48", "text": "to do?"}, {"start": "00:46:48", "end": "00:46:51", "text": ">> Mhm."}, {"start": "00:46:48", "end": "00:46:54", "text": ">> But damn that private sector is rocking"}, {"start": "00:46:51", "end": "00:46:55", "text": "and when you look at it holistically I"}, {"start": "00:46:54", "end": "00:46:56", "text": "don't know. It's pretty hard to be"}, {"start": "00:46:55", "end": "00:46:58", "text": "bearish."}, {"start": "00:46:56", "end": "00:47:01", "text": ">> Well here's here's the thing you said"}, {"start": "00:46:58", "end": "00:47:03", "text": "that I think people should um keep in"}, {"start": "00:47:01", "end": "00:47:04", "text": "mind. So, let's just say you've got"}, {"start": "00:47:03", "end": "00:47:07", "text": "Trump and you've got Besson and we're"}, {"start": "00:47:04", "end": "00:47:09", "text": "saying that they're aligned in their"}, {"start": "00:47:07", "end": "00:47:11", "text": "thinking at this point. Okay, great."}, {"start": "00:47:09", "end": "00:47:14", "text": "Besson also said this week the [snorts]"}, {"start": "00:47:11", "end": "00:47:16", "text": "US cannot lose the AI race to China. So,"}, {"start": "00:47:14", "end": "00:47:17", "text": "when you're betting against AI or you're"}, {"start": "00:47:16", "end": "00:47:20", "text": "saying I think it's a bubble and go and"}, {"start": "00:47:17", "end": "00:47:24", "text": "like okay, you're betting against Besson"}, {"start": "00:47:20", "end": "00:47:25", "text": "and Trump who are literally saying we're"}, {"start": "00:47:24", "end": "00:47:27", "text": "going to win the race with China because"}, {"start": "00:47:25", "end": "00:47:31", "text": "it's too important. At the same time,"}, {"start": "00:47:27", "end": "00:47:33", "text": "every AI person is in direct"}, {"start": "00:47:31", "end": "00:47:35", "text": "conversation with the White House."}, {"start": "00:47:33", "end": "00:47:36", "text": ">> They have rooms at the White House. They"}, {"start": "00:47:35", "end": "00:47:37", "text": "literally live at the White House."}, {"start": "00:47:36", "end": "00:47:38", "text": ">> Exactly."}, {"start": "00:47:37", "end": "00:47:38", "text": ">> These [laughter] dudes are there every"}, {"start": "00:47:38", "end": "00:47:40", "text": "week."}, {"start": "00:47:38", "end": "00:47:42", "text": ">> Yeah. And and you can call it what do"}, {"start": "00:47:40", "end": "00:47:44", "text": "you want inside? I really don't care."}, {"start": "00:47:42", "end": "00:47:45", "text": "But why would you bet against this? Like"}, {"start": "00:47:44", "end": "00:47:47", "text": "why would you be fighting against it?"}, {"start": "00:47:45", "end": "00:47:50", "text": "Now, there's one other person that"}, {"start": "00:47:47", "end": "00:47:53", "text": "matters. Kevin Worsh. They not only"}, {"start": "00:47:50", "end": "00:47:56", "text": "chose Kevin Worsh, they in his"}, {"start": "00:47:53", "end": "00:48:00", "text": "testimonies. First of all, he's pro"}, {"start": "00:47:56", "end": "00:48:04", "text": "crypto, pro Bitcoin, he also believes in"}, {"start": "00:48:00", "end": "00:48:07", "text": "what Greenspan did and believes that AI"}, {"start": "00:48:04", "end": "00:48:08", "text": "is a changing technology to where the"}, {"start": "00:48:07", "end": "00:48:09", "text": "Fed has to change."}, {"start": "00:48:08", "end": "00:48:11", "text": ">> Mhm."}, {"start": "00:48:09", "end": "00:48:14", "text": ">> So, when you put it all together, the"}, {"start": "00:48:11", "end": "00:48:16", "text": "people who are bearish, number one, they"}, {"start": "00:48:14", "end": "00:48:18", "text": "seem to be betting against AI. And I'm"}, {"start": "00:48:16", "end": "00:48:19", "text": "telling you, they don't use it. If you"}, {"start": "00:48:18", "end": "00:48:20", "text": "want to be bearish because you think"}, {"start": "00:48:19", "end": "00:48:22", "text": "it's going to end the human race, I get"}, {"start": "00:48:20", "end": "00:48:24", "text": "it. Like that is I don't get that. Okay,"}, {"start": "00:48:22", "end": "00:48:26", "text": "but that's fine. If you want to do that,"}, {"start": "00:48:24", "end": "00:48:28", "text": "the reason I say I get it, they're"}, {"start": "00:48:26", "end": "00:48:29", "text": "basing it on the fact that AI is getting"}, {"start": "00:48:28", "end": "00:48:29", "text": "too strong."}, {"start": "00:48:29", "end": "00:48:30", "text": ">> Mhm."}, {"start": "00:48:29", "end": "00:48:31", "text": ">> If [clears throat] you want to"}, {"start": "00:48:30", "end": "00:48:34", "text": ">> They're like but they're almost bullish"}, {"start": "00:48:31", "end": "00:48:35", "text": "on AI and they're like they're the most"}, {"start": "00:48:34", "end": "00:48:35", "text": "bullish people."}, {"start": "00:48:35", "end": "00:48:36", "text": ">> Yeah."}, {"start": "00:48:35", "end": "00:48:38", "text": ">> It's cuz they're the ones who think that"}, {"start": "00:48:36", "end": "00:48:40", "text": "it's going to be so good that it gets"}, {"start": "00:48:38", "end": "00:48:42", "text": "out of control. If you want to bet"}, {"start": "00:48:40", "end": "00:48:45", "text": "against it because of the arguments of"}, {"start": "00:48:42", "end": "00:48:50", "text": "Michael Bur and Jim Chenos from a year"}, {"start": "00:48:45", "end": "00:48:53", "text": "ago, a year ago, where they said this is"}, {"start": "00:48:50", "end": "00:48:57", "text": "a bubble because they're saying these"}, {"start": "00:48:53", "end": "00:49:00", "text": "chips will have a lifespan of it's not"}, {"start": "00:48:57", "end": "00:49:02", "text": "there's no way. Well, the H100s,"}, {"start": "00:49:00", "end": "00:49:04", "text": "go look at the price that's happened"}, {"start": "00:49:02", "end": "00:49:07", "text": "year-over-year. They're higher than they"}, {"start": "00:49:04", "end": "00:49:09", "text": "were back then. So that is like saying"}, {"start": "00:49:07", "end": "00:49:11", "text": "that people get younger every year"}, {"start": "00:49:09", "end": "00:49:13", "text": "because there's a depreciation on this"}, {"start": "00:49:11", "end": "00:49:15", "text": "stuff. So when Gavin Baker, and I'll be"}, {"start": "00:49:13", "end": "00:49:17", "text": "covering this, like when Gavin Baker"}, {"start": "00:49:15", "end": "00:49:20", "text": "goes in there and says, \"Do you realize"}, {"start": "00:49:17", "end": "00:49:22", "text": "that everyone that owns these chips"}, {"start": "00:49:20", "end": "00:49:26", "text": "running"}, {"start": "00:49:22", "end": "00:49:29", "text": "basic a data center, the compute prices"}, {"start": "00:49:26", "end": "00:49:32", "text": "today that they can sell at those things"}, {"start": "00:49:29", "end": "00:49:34", "text": "is higher than they were a year ago. And"}, {"start": "00:49:32", "end": "00:49:37", "text": "these chips are costing more. So if"}, {"start": "00:49:34", "end": "00:49:41", "text": "people want So they basically bought"}, {"start": "00:49:37", "end": "00:49:43", "text": "food a year ago before an inflationary"}, {"start": "00:49:41", "end": "00:49:45", "text": "spike and they're able to market these"}, {"start": "00:49:43", "end": "00:49:46", "text": "at higher prices cuz all the other"}, {"start": "00:49:45", "end": "00:49:49", "text": "restaurants right now are charging"}, {"start": "00:49:46", "end": "00:49:51", "text": "higher. So if people don't understand"}, {"start": "00:49:49", "end": "00:49:53", "text": "what that means and Gavin Baker talked"}, {"start": "00:49:51", "end": "00:49:56", "text": "about it, he [snorts] believes that the"}, {"start": "00:49:53", "end": "00:49:57", "text": "cloud providers, so the guys that are"}, {"start": "00:49:56", "end": "00:50:00", "text": "spending all the money and taking all"}, {"start": "00:49:57", "end": "00:50:02", "text": "the debt out, he said on Patrick Oshan's"}, {"start": "00:50:00", "end": "00:50:05", "text": "podcast a month ago, and that was a"}, {"start": "00:50:02", "end": "00:50:08", "text": "month ago, H100s are higher than even"}, {"start": "00:50:05", "end": "00:50:09", "text": "when they were back then, that you'll be"}, {"start": "00:50:08", "end": "00:50:12", "text": "shocked at how quickly the cloud"}, {"start": "00:50:09", "end": "00:50:13", "text": "providers will start to have profits"}, {"start": "00:50:12", "end": "00:50:16", "text": "coming through, not just from new data"}, {"start": "00:50:13", "end": "00:50:18", "text": "centers coming out, but from the fact"}, {"start": "00:50:16", "end": "00:50:20", "text": "that the compute prices that they can"}, {"start": "00:50:18", "end": "00:50:22", "text": "charge are higher and their costs are"}, {"start": "00:50:20", "end": "00:50:25", "text": "actually lower on the existing stuff"}, {"start": "00:50:22", "end": "00:50:27", "text": "they have. There's so much in this that"}, {"start": "00:50:25", "end": "00:50:29", "text": "again you've got the administration"}, {"start": "00:50:27", "end": "00:50:32", "text": "saying we're not going to let this not"}, {"start": "00:50:29", "end": "00:50:33", "text": "happen. You have Worsh Bessant Trump"}, {"start": "00:50:32", "end": "00:50:36", "text": "aligned on the same thing believing in"}, {"start": "00:50:33", "end": "00:50:39", "text": "AI and believing in crypto and you have"}, {"start": "00:50:36", "end": "00:50:42", "text": "market participants that manage lots of"}, {"start": "00:50:39", "end": "00:50:44", "text": "money all the world's money worried"}, {"start": "00:50:42", "end": "00:50:46", "text": "about things in a linear fashion. The"}, {"start": "00:50:44", "end": "00:50:48", "text": "reason the market isn't higher is"}, {"start": "00:50:46", "end": "00:50:50", "text": "because of the worries people have. No"}, {"start": "00:50:48", "end": "00:50:52", "text": "question about it. And I want to end"}, {"start": "00:50:50", "end": "00:50:53", "text": "with one more thing on this that I I"}, {"start": "00:50:52", "end": "00:50:56", "text": "started talking to people about this"}, {"start": "00:50:53", "end": "00:50:59", "text": "week. The beauty of Bitcoin at this"}, {"start": "00:50:56", "end": "00:51:01", "text": "point is this magical number for me of"}, {"start": "00:50:59", "end": "00:51:04", "text": "$2 trillion."}, {"start": "00:51:01", "end": "00:51:05", "text": "So Bitcoin's around a $2 trillion asset."}, {"start": "00:51:04", "end": "00:51:06", "text": "You know what else is around a $2"}, {"start": "00:51:05", "end": "00:51:08", "text": "trillion asset?"}, {"start": "00:51:06", "end": "00:51:11", "text": ">> Your bank account."}, {"start": "00:51:08", "end": "00:51:11", "text": ">> SpaceX."}, {"start": "00:51:11", "end": "00:51:15", "text": "Anthropic."}, {"start": "00:51:12", "end": "00:51:16", "text": "And I think after Astra, I think open"}, {"start": "00:51:15", "end": "00:51:18", "text": "people are probably missing the boat on"}, {"start": "00:51:16", "end": "00:51:20", "text": "OpenAI at this point. Let's assume"}, {"start": "00:51:18", "end": "00:51:22", "text": "they're all worth two trillion. Isn't"}, {"start": "00:51:20", "end": "00:51:24", "text": "that an interesting part of where the"}, {"start": "00:51:22", "end": "00:51:26", "text": "market is? You have [snorts] four"}, {"start": "00:51:24", "end": "00:51:28", "text": "things."}, {"start": "00:51:26", "end": "00:51:31", "text": "None of them make money. And I throw"}, {"start": "00:51:28", "end": "00:51:33", "text": "Bitcoin into it. Doesn't make money."}, {"start": "00:51:31", "end": "00:51:34", "text": "These other three, let's assume they're"}, {"start": "00:51:33", "end": "00:51:36", "text": "two trillion. They don't make money at"}, {"start": "00:51:34", "end": "00:51:38", "text": "this point. They're spending the two"}, {"start": "00:51:36", "end": "00:51:40", "text": "companies that have, you know, their ARR"}, {"start": "00:51:38", "end": "00:51:42", "text": "looks great. They're spending a lot more"}, {"start": "00:51:40", "end": "00:51:45", "text": "money than their monthly number. and"}, {"start": "00:51:42", "end": "00:51:48", "text": "SpaceX. It's it's a thing based on time."}, {"start": "00:51:45", "end": "00:51:51", "text": "That is $8 trillion worth of things that"}, {"start": "00:51:48", "end": "00:51:53", "text": "in my opinion are so important to the"}, {"start": "00:51:51", "end": "00:51:56", "text": "future. And people are still talking"}, {"start": "00:51:53", "end": "00:51:59", "text": "about the level of the Fed funds rate"}, {"start": "00:51:56", "end": "00:52:01", "text": "and oil. You are not adapting to where"}, {"start": "00:51:59", "end": "00:52:04", "text": "the world is today. You are still left"}, {"start": "00:52:01", "end": "00:52:06", "text": "in a world of 20 years ago. I won't even"}, {"start": "00:52:04", "end": "00:52:09", "text": "say 10 because you have to go back"}, {"start": "00:52:06", "end": "00:52:11", "text": "before the iPhone. You have to go back"}, {"start": "00:52:09", "end": "00:52:13", "text": "before the iPhone because all of this"}, {"start": "00:52:11", "end": "00:52:14", "text": "stuff should have been washed from"}, {"start": "00:52:13", "end": "00:52:16", "text": "people. It's the reason why I tell the"}, {"start": "00:52:14", "end": "00:52:19", "text": "story all the time. I went to Silicon"}, {"start": "00:52:16", "end": "00:52:24", "text": "Valley in 2013 to answer the question,"}, {"start": "00:52:19", "end": "00:52:26", "text": "how can Amazon up be up 17,000%"}, {"start": "00:52:24", "end": "00:52:28", "text": "since 1997? Yes, I want to say that to"}, {"start": "00:52:26", "end": "00:52:32", "text": "everyone. The stock at that time when I"}, {"start": "00:52:28", "end": "00:52:32", "text": "went there was up 17,000%."}, {"start": "00:52:33", "end": "00:52:38", "text": "And it still was really not making"}, {"start": "00:52:35", "end": "00:52:40", "text": "money. Now, it was in 2013, but it"}, {"start": "00:52:38", "end": "00:52:42", "text": "wasn't really in 20 in 2008. And I went"}, {"start": "00:52:40", "end": "00:52:44", "text": "out there cuz I'm like, how can this"}, {"start": "00:52:42", "end": "00:52:47", "text": "thing always make new highs after it"}, {"start": "00:52:44", "end": "00:52:49", "text": "falls down? It's a bubble. It can't"}, {"start": "00:52:47", "end": "00:52:51", "text": "possibly be real on the metrics that I"}, {"start": "00:52:49", "end": "00:52:53", "text": "know. How can this be real? And I went"}, {"start": "00:52:51", "end": "00:52:55", "text": "there and Singularity University changed"}, {"start": "00:52:53", "end": "00:52:57", "text": "my life. And I never thought of the"}, {"start": "00:52:55", "end": "00:52:58", "text": "world that way. You have to go back."}, {"start": "00:52:57", "end": "00:53:00", "text": "These people are telling you the world"}, {"start": "00:52:58", "end": "00:53:02", "text": "is going to end. That's the reason they"}, {"start": "00:53:00", "end": "00:53:04", "text": "go back to the.com bubble because it's"}, {"start": "00:53:02", "end": "00:53:06", "text": "the only period before technology"}, {"start": "00:53:04", "end": "00:53:08", "text": "actually was working when they can find"}, {"start": "00:53:06", "end": "00:53:11", "text": "a time in history where okay, this is a"}, {"start": "00:53:08", "end": "00:53:13", "text": "bubble. I will hope that those people"}, {"start": "00:53:11", "end": "00:53:16", "text": "have a great day. I hope that they uh"}, {"start": "00:53:13", "end": "00:53:18", "text": "enjoy themselves. I feel bad for their"}, {"start": "00:53:16", "end": "00:53:20", "text": "children's portfolios uh cuz it's"}, {"start": "00:53:18", "end": "00:53:22", "text": "probably not going to work out for them."}, {"start": "00:53:20", "end": "00:53:24", "text": "Make sure you subscribe to Jord's"}, {"start": "00:53:22", "end": "00:53:26", "text": "YouTube page. Go to Jordiv Visser on"}, {"start": "00:53:24", "end": "00:53:27", "text": "YouTube. And uh if you have not yet"}, {"start": "00:53:26", "end": "00:53:30", "text": "signed up for Sylvia, go to"}, {"start": "00:53:27", "end": "00:53:32", "text": "cfosilia.com. We'd love to have you. You"}, {"start": "00:53:30", "end": "00:53:34", "text": "can uh use the latest greatest AI"}, {"start": "00:53:32", "end": "00:53:35", "text": "technology. It won't kill you. It'll"}, {"start": "00:53:34", "end": "00:53:38", "text": "help your portfolio. Go check it out at"}, {"start": "00:53:35", "end": "00:53:38", "text": "cfosilia.com."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Before you win,"}, {"start": "00:00:02", "end": "00:00:07", "text": "everyone will [music] ask you, \"Why are"}, {"start": "00:00:04", "end": "00:00:09", "text": "you working so hard?\""}, {"start": "00:00:07", "end": "00:00:11", "text": "And after you win, everyone [music]"}, {"start": "00:00:09", "end": "00:00:13", "text": "will remind you,"}, {"start": "00:00:11", "end": "00:00:17", "text": "\"You got lucky.\""}, {"start": "00:00:13", "end": "00:00:18", "text": "You see, the thing is, first they doubt."}, {"start": "00:00:17", "end": "00:00:21", "text": "Before the victory, [music]"}, {"start": "00:00:18", "end": "00:00:24", "text": "your hard work will not make any sense"}, {"start": "00:00:21", "end": "00:00:27", "text": "to most [music] people. They'll ask you,"}, {"start": "00:00:24", "end": "00:00:29", "text": "\"Why are you actually trying so hard?"}, {"start": "00:00:27", "end": "00:00:31", "text": "Why can't [music] you relax? Why are you"}, {"start": "00:00:29", "end": "00:00:33", "text": "not normal?\""}, {"start": "00:00:31", "end": "00:00:37", "text": "The truth is, they don't see the vision"}, {"start": "00:00:33", "end": "00:00:37", "text": "of life you're chasing. [music]"}]

[{"start": "00:00:00", "end": "00:00:02", "text": "All right. So, here's the thing about"}, {"start": "00:00:01", "end": "00:00:05", "text": "consolidation phases that most people, I"}, {"start": "00:00:02", "end": "00:00:07", "text": "think, miss or oftent times forget. They"}, {"start": "00:00:05", "end": "00:00:09", "text": "look at the chart, they see sideways,"}, {"start": "00:00:07", "end": "00:00:10", "text": "they see, you know, crashing,"}, {"start": "00:00:09", "end": "00:00:12", "text": "capitulation, and then more sideways,"}, {"start": "00:00:10", "end": "00:00:13", "text": "and they think, man, nothing's"}, {"start": "00:00:12", "end": "00:00:15", "text": "happening. But if you've been following"}, {"start": "00:00:13", "end": "00:00:16", "text": "this channel, you know that what happens"}, {"start": "00:00:15", "end": "00:00:18", "text": "during these times and during these"}, {"start": "00:00:16", "end": "00:00:20", "text": "phases, whether it's consolidation or"}, {"start": "00:00:18", "end": "00:00:22", "text": "crashing, it's often more important than"}, {"start": "00:00:20", "end": "00:00:24", "text": "the breakout itself, than the bull"}, {"start": "00:00:22", "end": "00:00:25", "text": "market itself. Right now, the markets,"}, {"start": "00:00:24", "end": "00:00:28", "text": "they've pulled back for months."}, {"start": "00:00:25", "end": "00:00:30", "text": "Sentiment is not only cautious, it's"}, {"start": "00:00:28", "end": "00:00:32", "text": "very high fear. But structurally,"}, {"start": "00:00:30", "end": "00:00:34", "text": "regulation is getting clearer. Everyone,"}, {"start": "00:00:32", "end": "00:00:36", "text": "institutional infrastructure is being"}, {"start": "00:00:34", "end": "00:00:37", "text": "set up right now. It keeps building. ETF"}, {"start": "00:00:36", "end": "00:00:40", "text": "inflows, they've been there. The"}, {"start": "00:00:37", "end": "00:00:42", "text": "foundation is getting stronger even when"}, {"start": "00:00:40", "end": "00:00:44", "text": "price isn't screaming bull market,"}, {"start": "00:00:42", "end": "00:00:46", "text": "parabolic gains. It's actually kind of"}, {"start": "00:00:44", "end": "00:00:49", "text": "been the opposite. And in environments"}, {"start": "00:00:46", "end": "00:00:50", "text": "like this, a question a lot of holders"}, {"start": "00:00:49", "end": "00:00:52", "text": "are asking right now is what to do with"}, {"start": "00:00:50", "end": "00:00:54", "text": "capital that they're not actively"}, {"start": "00:00:52", "end": "00:00:56", "text": "deploying. Some people look for ways to"}, {"start": "00:00:54", "end": "00:00:58", "text": "put their assets to work while they"}, {"start": "00:00:56", "end": "00:00:59", "text": "wait. That's what I want to walk through"}, {"start": "00:00:58", "end": "00:01:01", "text": "today. So, today I want to walk through"}, {"start": "00:00:59", "end": "00:01:03", "text": "a platform that I think is worth getting"}, {"start": "00:01:01", "end": "00:01:04", "text": "familiar with, especially if you're"}, {"start": "00:01:03", "end": "00:01:06", "text": "holding crypto and want to understand"}, {"start": "00:01:04", "end": "00:01:08", "text": "what it can do for you. So, quick thank"}, {"start": "00:01:06", "end": "00:01:10", "text": "you to Nexo for partnering up with us on"}, {"start": "00:01:08", "end": "00:01:12", "text": "this video, especially as they reach a"}, {"start": "00:01:10", "end": "00:01:14", "text": "huge milestone, which is launching in"}, {"start": "00:01:12", "end": "00:01:16", "text": "the US. I'm putting this in front of you"}, {"start": "00:01:14", "end": "00:01:18", "text": "because I think it could be worth your"}, {"start": "00:01:16", "end": "00:01:20", "text": "time. So, let's get into it. So Nexo has"}, {"start": "00:01:18", "end": "00:01:22", "text": "been around since 2018. And that's"}, {"start": "00:01:20", "end": "00:01:24", "text": "important because that means they've"}, {"start": "00:01:22", "end": "00:01:26", "text": "operated through multiple bull market"}, {"start": "00:01:24", "end": "00:01:28", "text": "cycles. For me, that's huge as a content"}, {"start": "00:01:26", "end": "00:01:31", "text": "creator who's also been hustling through"}, {"start": "00:01:28", "end": "00:01:34", "text": "multiple cycles. The 2018 bare market,"}, {"start": "00:01:31", "end": "00:01:37", "text": "the 2021 bull, the 2022 crash, and"}, {"start": "00:01:34", "end": "00:01:38", "text": "everything since then. All of it. Nexo"}, {"start": "00:01:37", "end": "00:01:40", "text": "is still here. And if you've been in"}, {"start": "00:01:38", "end": "00:01:42", "text": "crypto through this journey, you"}, {"start": "00:01:40", "end": "00:01:44", "text": "understand exactly why that's so"}, {"start": "00:01:42", "end": "00:01:46", "text": "powerful at this point. Besides just"}, {"start": "00:01:44", "end": "00:01:49", "text": "being here, Nexo manages over $8 billion"}, {"start": "00:01:46", "end": "00:01:52", "text": "in assets and they've paid out over $1.3"}, {"start": "00:01:49", "end": "00:01:53", "text": "billion in interest to clients. And"}, {"start": "00:01:52", "end": "00:01:56", "text": "according to Galaxy Research, which is"}, {"start": "00:01:53", "end": "00:01:58", "text": "one of the most respected research firms"}, {"start": "00:01:56", "end": "00:02:01", "text": "in the space, Nexo is the second largest"}, {"start": "00:01:58", "end": "00:02:04", "text": "centralized crypto lender globally by"}, {"start": "00:02:01", "end": "00:02:06", "text": "outstanding loan volume, over 2 billion"}, {"start": "00:02:04", "end": "00:02:08", "text": "in open loans. The really big news is"}, {"start": "00:02:06", "end": "00:02:10", "text": "that they've officially launched in the"}, {"start": "00:02:08", "end": "00:02:13", "text": "United States. The reason it's big is"}, {"start": "00:02:10", "end": "00:02:15", "text": "because they left the US back in 2022"}, {"start": "00:02:13", "end": "00:02:17", "text": "during all the regulatory uncertainty"}, {"start": "00:02:15", "end": "00:02:19", "text": "that we went through as an industry. But"}, {"start": "00:02:17", "end": "00:02:22", "text": "now they're back operating through"}, {"start": "00:02:19", "end": "00:02:24", "text": "backed, which is publicly listed US"}, {"start": "00:02:22", "end": "00:02:27", "text": "regulated digital asset platform. So"}, {"start": "00:02:24", "end": "00:02:29", "text": "this isn't some weird offshore type of"}, {"start": "00:02:27", "end": "00:02:31", "text": "thing. Their US infrastructure sits on"}, {"start": "00:02:29", "end": "00:02:33", "text": "an actual regulated foundation. And that"}, {"start": "00:02:31", "end": "00:02:35", "text": "puts a smile on my face because this is"}, {"start": "00:02:33", "end": "00:02:36", "text": "how far the industry has come from the"}, {"start": "00:02:35", "end": "00:02:38", "text": "very beginning. You also might recognize"}, {"start": "00:02:36", "end": "00:02:39", "text": "the brand from their partnerships too."}, {"start": "00:02:38", "end": "00:02:41", "text": "official digital asset partner of the"}, {"start": "00:02:39", "end": "00:02:43", "text": "Audi F1 team, multi-year crypto partner"}, {"start": "00:02:41", "end": "00:02:46", "text": "of the Australian Open, title partner of"}, {"start": "00:02:43", "end": "00:02:48", "text": "the Nexo Dallas Open, which is a big 500"}, {"start": "00:02:46", "end": "00:02:50", "text": "tennis event. So, they absolutely have"}, {"start": "00:02:48", "end": "00:02:52", "text": "institutional level brand presence. So,"}, {"start": "00:02:50", "end": "00:02:54", "text": "now here's where all this connects back"}, {"start": "00:02:52", "end": "00:02:56", "text": "to what I was saying. In a consolidation"}, {"start": "00:02:54", "end": "00:02:59", "text": "phase, when you're not looking to sell"}, {"start": "00:02:56", "end": "00:03:00", "text": "your positions, some holders look for"}, {"start": "00:02:59", "end": "00:03:02", "text": "ways to put their assets to work. And I"}, {"start": "00:03:00", "end": "00:03:04", "text": "have to admit, I've spent a lot of my"}, {"start": "00:03:02", "end": "00:03:06", "text": "time just trying to survive the last few"}, {"start": "00:03:04", "end": "00:03:08", "text": "years, survive the bare market, and I've"}, {"start": "00:03:06", "end": "00:03:11", "text": "completely let this slip myself. So, in"}, {"start": "00:03:08", "end": "00:03:13", "text": "plain terms, Nexo offers stated interest"}, {"start": "00:03:11", "end": "00:03:15", "text": "rates on eligible crypto holdings"}, {"start": "00:03:13", "end": "00:03:18", "text": "subject to terms and rate variability."}, {"start": "00:03:15", "end": "00:03:20", "text": "There are two options. Flexible savings,"}, {"start": "00:03:18", "end": "00:03:22", "text": "which is stated interest, calculated"}, {"start": "00:03:20", "end": "00:03:25", "text": "daily on eligible balances, no lock up,"}, {"start": "00:03:22", "end": "00:03:27", "text": "and you can withdraw any time, or"}, {"start": "00:03:25", "end": "00:03:28", "text": "fixedterm savings if you have higher"}, {"start": "00:03:27", "end": "00:03:30", "text": "conviction or just know you'll be"}, {"start": "00:03:28", "end": "00:03:32", "text": "holding for a while. Commit for one,"}, {"start": "00:03:30", "end": "00:03:33", "text": "three, or up to 12 months for"}, {"start": "00:03:32", "end": "00:03:35", "text": "potentially better rates. You can earn"}, {"start": "00:03:33", "end": "00:03:37", "text": "on Bitcoin, Ethereum, stable coins, and"}, {"start": "00:03:35", "end": "00:03:39", "text": "other supported assets. Stated rates are"}, {"start": "00:03:37", "end": "00:03:42", "text": "not guaranteed and are subject to"}, {"start": "00:03:39", "end": "00:03:44", "text": "change. Crypto assets carry market risk."}, {"start": "00:03:42", "end": "00:03:46", "text": "Please review the full terms before"}, {"start": "00:03:44", "end": "00:03:49", "text": "participating. And again, everyone, over"}, {"start": "00:03:46", "end": "00:03:51", "text": "$1.3 billion distributed in interest to"}, {"start": "00:03:49", "end": "00:03:54", "text": "clients. That's not a projection. I know"}, {"start": "00:03:51", "end": "00:03:56", "text": "cryptos early, but that's a fairly large"}, {"start": "00:03:54", "end": "00:03:58", "text": "number. Some holders who plan to hold"}, {"start": "00:03:56", "end": "00:03:59", "text": "through a cycle look for ways to put"}, {"start": "00:03:58", "end": "00:04:01", "text": "their assets to work in the meantime."}, {"start": "00:03:59", "end": "00:04:02", "text": "time. So, it's worth checking out the"}, {"start": "00:04:01", "end": "00:04:03", "text": "details in the link in the description."}, {"start": "00:04:02", "end": "00:04:05", "text": "The other product I think is really"}, {"start": "00:04:03", "end": "00:04:07", "text": "relevant right now is their credit line."}, {"start": "00:04:05", "end": "00:04:09", "text": "This is actually what Nexo is probably"}, {"start": "00:04:07", "end": "00:04:10", "text": "best known for. It's very"}, {"start": "00:04:09", "end": "00:04:13", "text": "straightforward concept. You borrow"}, {"start": "00:04:10", "end": "00:04:15", "text": "against your crypto without selling it."}, {"start": "00:04:13", "end": "00:04:17", "text": "So, you get access to liquidity while"}, {"start": "00:04:15", "end": "00:04:19", "text": "keeping your existing holdings intact."}, {"start": "00:04:17", "end": "00:04:22", "text": "And borrowing against your holdings may"}, {"start": "00:04:19", "end": "00:04:24", "text": "provide a way to access funds without"}, {"start": "00:04:22", "end": "00:04:26", "text": "selling your collateral. Tax treatment"}, {"start": "00:04:24", "end": "00:04:27", "text": "varies by jurisdiction and individual"}, {"start": "00:04:26", "end": "00:04:30", "text": "circumstances. This is general"}, {"start": "00:04:27", "end": "00:04:32", "text": "information only. So consult a tax"}, {"start": "00:04:30", "end": "00:04:35", "text": "professional regarding your specific"}, {"start": "00:04:32", "end": "00:04:37", "text": "situation. Rates start from.9% APR"}, {"start": "00:04:35", "end": "00:04:39", "text": "depending on your tier and loan to value"}, {"start": "00:04:37", "end": "00:04:42", "text": "ratio. Also, it's open-ended repayment,"}, {"start": "00:04:39", "end": "00:04:44", "text": "so pay back whenever you want, partially"}, {"start": "00:04:42", "end": "00:04:46", "text": "or fully. No credit checks, no"}, {"start": "00:04:44", "end": "00:04:48", "text": "applications, and based entirely on the"}, {"start": "00:04:46", "end": "00:04:49", "text": "collateral. And I want to be clear about"}, {"start": "00:04:48", "end": "00:04:52", "text": "this and highlight it and double"}, {"start": "00:04:49", "end": "00:04:55", "text": "underline it. Unlike the uncolateralized"}, {"start": "00:04:52", "end": "00:04:58", "text": "lending models that failed in 2022, Nexo"}, {"start": "00:04:55", "end": "00:05:01", "text": "requires full collateral on every loan."}, {"start": "00:04:58", "end": "00:05:04", "text": "So no uncolateralized lending, no credit"}, {"start": "00:05:01", "end": "00:05:06", "text": "extended on reputation or unsecured"}, {"start": "00:05:04", "end": "00:05:08", "text": "promises. They run a fully automated"}, {"start": "00:05:06", "end": "00:05:10", "text": "risk engine monitoring positions around"}, {"start": "00:05:08", "end": "00:05:12", "text": "the clock. That said, borrowing against"}, {"start": "00:05:10", "end": "00:05:15", "text": "crypto still carries risks, including"}, {"start": "00:05:12", "end": "00:05:17", "text": "the possibility of margin calls if"}, {"start": "00:05:15", "end": "00:05:19", "text": "collateral value falls significantly."}, {"start": "00:05:17", "end": "00:05:21", "text": "Always review the full terms before"}, {"start": "00:05:19", "end": "00:05:23", "text": "using a credit line. Nexo maintained"}, {"start": "00:05:21", "end": "00:05:25", "text": "full collateralization and continued"}, {"start": "00:05:23", "end": "00:05:29", "text": "operating through the 2018 bare market,"}, {"start": "00:05:25", "end": "00:05:30", "text": "the 2022 crash, and every major downturn"}, {"start": "00:05:29", "end": "00:05:32", "text": "since they launched. So again, that's"}, {"start": "00:05:30", "end": "00:05:34", "text": "third-party data from one of the most"}, {"start": "00:05:32", "end": "00:05:36", "text": "respected firms in the industry. After"}, {"start": "00:05:34", "end": "00:05:38", "text": "everything that happened in 2022 with"}, {"start": "00:05:36", "end": "00:05:39", "text": "certain platforms, I think the first"}, {"start": "00:05:38", "end": "00:05:41", "text": "question anyone should ask about a"}, {"start": "00:05:39", "end": "00:05:44", "text": "crypto lending platform is how are they"}, {"start": "00:05:41", "end": "00:05:46", "text": "actually generating yield? What's the"}, {"start": "00:05:44", "end": "00:05:48", "text": "risk model? So what's good about Nexo is"}, {"start": "00:05:46", "end": "00:05:50", "text": "that yield comes from market neutral"}, {"start": "00:05:48", "end": "00:05:52", "text": "strategies. They're not making"}, {"start": "00:05:50", "end": "00:05:55", "text": "directional bets on price movement with"}, {"start": "00:05:52", "end": "00:05:57", "text": "client assets. As with any financial"}, {"start": "00:05:55", "end": "00:05:58", "text": "platform, risks remain and users should"}, {"start": "00:05:57", "end": "00:06:01", "text": "review the full product terms before"}, {"start": "00:05:58", "end": "00:06:03", "text": "participating. US operations built on"}, {"start": "00:06:01", "end": "00:06:06", "text": "DAX infrastructure, publicly listed and"}, {"start": "00:06:03", "end": "00:06:08", "text": "regulated licenses and registrations"}, {"start": "00:06:06", "end": "00:06:12", "text": "across more than 150 jurisdictions"}, {"start": "00:06:08", "end": "00:06:15", "text": "globally. SOC2 type 2 certified ISO"}, {"start": "00:06:12", "end": "00:06:17", "text": "27001 for information security. And"}, {"start": "00:06:15", "end": "00:06:19", "text": "again, I really do think one thing"}, {"start": "00:06:17", "end": "00:06:22", "text": "matters most is that Nexo operated"}, {"start": "00:06:19", "end": "00:06:24", "text": "through every major downturn since 2018"}, {"start": "00:06:22", "end": "00:06:26", "text": "without exposure to any third party"}, {"start": "00:06:24", "end": "00:06:29", "text": "collapse. When other platforms went"}, {"start": "00:06:26", "end": "00:06:30", "text": "down, Nexo kept operating. That's not"}, {"start": "00:06:29", "end": "00:06:32", "text": "some type of marketing. That's just what"}, {"start": "00:06:30", "end": "00:06:34", "text": "happened. And that's the reality of the"}, {"start": "00:06:32", "end": "00:06:36", "text": "situation across these cycles. One thing"}, {"start": "00:06:34", "end": "00:06:38", "text": "worth knowing is that Nexo has a loyalty"}, {"start": "00:06:36", "end": "00:06:41", "text": "system called the Wealth Club. If you're"}, {"start": "00:06:38", "end": "00:06:44", "text": "already using the platform, holding Nexo"}, {"start": "00:06:41", "end": "00:06:46", "text": "tokens as a percentage of your portfolio"}, {"start": "00:06:44", "end": "00:06:48", "text": "unlocks better terms across the board."}, {"start": "00:06:46", "end": "00:06:50", "text": "Higher stated earn rates, lower borrow"}, {"start": "00:06:48", "end": "00:06:52", "text": "rates, crypto cash back, free"}, {"start": "00:06:50", "end": "00:06:54", "text": "withdrawals. Think of it as an"}, {"start": "00:06:52", "end": "00:06:56", "text": "optimization layer. You're already using"}, {"start": "00:06:54", "end": "00:06:58", "text": "the products, so the token just makes"}, {"start": "00:06:56", "end": "00:06:59", "text": "everything work better for you and kind"}, {"start": "00:06:58", "end": "00:07:01", "text": "of ties the ecosystem together. If"}, {"start": "00:06:59", "end": "00:07:02", "text": "you're interested, there's a welcome"}, {"start": "00:07:01", "end": "00:07:04", "text": "promotion available for US clients now"}, {"start": "00:07:02", "end": "00:07:06", "text": "that they've launched in the US. You can"}, {"start": "00:07:04", "end": "00:07:08", "text": "learn more and explore what the platform"}, {"start": "00:07:06", "end": "00:07:09", "text": "offers at the link in the description."}, {"start": "00:07:08", "end": "00:07:11", "text": "And if you want to stay updated on what"}, {"start": "00:07:09", "end": "00:07:14", "text": "Nexo is rolling out as they expand in"}, {"start": "00:07:11", "end": "00:07:17", "text": "the US, follow at Nexo USA onx. Product"}, {"start": "00:07:14", "end": "00:07:18", "text": "updates, market insights, all of it. Let"}, {"start": "00:07:17", "end": "00:07:19", "text": "me know what you think in the comments."}, {"start": "00:07:18", "end": "00:07:20", "text": "And as always, I appreciate you"}, {"start": "00:07:19", "end": "00:07:24", "text": "watching. I will see you in the next"}, {"start": "00:07:20", "end": "00:07:24", "text": "video. God bless."}]

[{"start": "00:00:00", "end": "00:00:06", "text": "ready to implement Clarity Act. So, this"}, {"start": "00:00:04", "end": "00:00:08", "text": "is Paul Atkins, SEC chair. This is"}, {"start": "00:00:06", "end": "00:00:10", "text": "coming out today. I don't want to harp"}, {"start": "00:00:08", "end": "00:00:12", "text": "too much on the Clarity Act. I've talked"}, {"start": "00:00:10", "end": "00:00:14", "text": "a lot about it, but I'm bringing it up"}, {"start": "00:00:12", "end": "00:00:16", "text": "in today's video because Treasury"}, {"start": "00:00:14", "end": "00:00:18", "text": "Secretary Scott Besson has entered the"}, {"start": "00:00:16", "end": "00:00:20", "text": "chat. And right now, we are at a"}, {"start": "00:00:18", "end": "00:00:23", "text": "critical time frame relating to Clarity"}, {"start": "00:00:20", "end": "00:00:26", "text": "Act. If it doesn't if it doesn't pass,"}, {"start": "00:00:23", "end": "00:00:27", "text": "if this doesn't happen in like the next"}, {"start": "00:00:26", "end": "00:00:29", "text": "month or so, I'm going to break it down"}, {"start": "00:00:27", "end": "00:00:32", "text": "for you. We might not see this happen"}, {"start": "00:00:29", "end": "00:00:34", "text": "until 2027. So, it's a very big deal."}, {"start": "00:00:32", "end": "00:00:36", "text": "All the while, I want to look at Bitcoin"}, {"start": "00:00:34", "end": "00:00:38", "text": "chart. I have a very clean, simple"}, {"start": "00:00:36", "end": "00:00:40", "text": "chart. I want to look at a specific time"}, {"start": "00:00:38", "end": "00:00:41", "text": "frame on this chart. I know everybody's"}, {"start": "00:00:40", "end": "00:00:44", "text": "out there kind of with conflicting"}, {"start": "00:00:41", "end": "00:00:46", "text": "opinions. That's fine in terms of is the"}, {"start": "00:00:44", "end": "00:00:47", "text": "bottom in, when is the bottom going to"}, {"start": "00:00:46", "end": "00:00:50", "text": "be in, what's going on here? I want to"}, {"start": "00:00:47", "end": "00:00:53", "text": "look at a very relevant time frame uh"}, {"start": "00:00:50", "end": "00:00:55", "text": "from 2019. And I want to really zoom in"}, {"start": "00:00:53", "end": "00:00:58", "text": "on it on this chart and get very clean"}, {"start": "00:00:55", "end": "00:01:01", "text": "context to where I think we are in the"}, {"start": "00:00:58", "end": "00:01:04", "text": "cycle at least one scenario to think"}, {"start": "00:01:01", "end": "00:01:05", "text": "about. So let's start the video. I want"}, {"start": "00:01:04", "end": "00:01:08", "text": "to start with clarity real quick. Paul"}, {"start": "00:01:05", "end": "00:01:10", "text": "Atkins says SEC and CFTC ready to"}, {"start": "00:01:08", "end": "00:01:11", "text": "implement Clarity Act after Congress"}, {"start": "00:01:10", "end": "00:01:14", "text": "approval."}, {"start": "00:01:11", "end": "00:01:15", "text": "So here's the timeline of all of this"}, {"start": "00:01:14", "end": "00:01:18", "text": "that's happening. And then I want to"}, {"start": "00:01:15", "end": "00:01:20", "text": "look at Bessant and his post. US Senate"}, {"start": "00:01:18", "end": "00:01:22", "text": "has confirmed April markup for Clarity"}, {"start": "00:01:20", "end": "00:01:24", "text": "Act. This is what's happening right now."}, {"start": "00:01:22", "end": "00:01:27", "text": "Senate markup is confirmed for the"}, {"start": "00:01:24", "end": "00:01:29", "text": "second half of April. So, you're going"}, {"start": "00:01:27", "end": "00:01:32", "text": "to start seeing the Clarity Act news"}, {"start": "00:01:29", "end": "00:01:33", "text": "cycle start picking up steam. Probably"}, {"start": "00:01:32", "end": "00:01:36", "text": "start probably going to start getting"}, {"start": "00:01:33", "end": "00:01:38", "text": "noisy and things are going to kind of"}, {"start": "00:01:36", "end": "00:01:40", "text": "come to"}, {"start": "00:01:38", "end": "00:01:42", "text": "come to some type of resolution one way"}, {"start": "00:01:40", "end": "00:01:45", "text": "or the other very soon. Final passage is"}, {"start": "00:01:42", "end": "00:01:47", "text": "targeted for May. Senator Morino has"}, {"start": "00:01:45", "end": "00:01:50", "text": "warned that if the bill does not pass by"}, {"start": "00:01:47", "end": "00:01:52", "text": "then, digital asset legislation will not"}, {"start": "00:01:50", "end": "00:01:54", "text": "receive serious consideration again"}, {"start": "00:01:52", "end": "00:01:56", "text": "before 2027."}, {"start": "00:01:54", "end": "00:01:58", "text": "The reason I wanted to bring this up is"}, {"start": "00:01:56", "end": "00:02:00", "text": "not just because we're entering, we're"}, {"start": "00:01:58", "end": "00:02:04", "text": "about to enter in like a week, the"}, {"start": "00:02:00", "end": "00:02:06", "text": "second half of April, number one, but"}, {"start": "00:02:04", "end": "00:02:09", "text": "Treasury Secretary Scott Bessant has"}, {"start": "00:02:06", "end": "00:02:11", "text": "entered the chat. And in my view,"}, {"start": "00:02:09", "end": "00:02:14", "text": "because he's doing this now, this is"}, {"start": "00:02:11", "end": "00:02:16", "text": "becoming serious. That is to say, it's"}, {"start": "00:02:14", "end": "00:02:19", "text": "kind of game time. It's where we are."}, {"start": "00:02:16", "end": "00:02:21", "text": "And if game time fails,"}, {"start": "00:02:19", "end": "00:02:24", "text": "believe it or not, Clarity Act, I mean,"}, {"start": "00:02:21", "end": "00:02:25", "text": "2027, and that's absolutely terrible. A"}, {"start": "00:02:24", "end": "00:02:28", "text": "lot of people don't think Clarity Act"}, {"start": "00:02:25", "end": "00:02:29", "text": "matters. I think it matters a lot,"}, {"start": "00:02:28", "end": "00:02:32", "text": "especially with what's going on in terms"}, {"start": "00:02:29", "end": "00:02:34", "text": "of capital entering crypto,"}, {"start": "00:02:32", "end": "00:02:37", "text": "institutional adoption, innovation"}, {"start": "00:02:34", "end": "00:02:38", "text": "trying to enter crypto. This is huge."}, {"start": "00:02:37", "end": "00:02:40", "text": "Congress has spent the better part of"}, {"start": "00:02:38", "end": "00:02:43", "text": "half a decade trying to pass a framework"}, {"start": "00:02:40", "end": "00:02:45", "text": "to unsure the future of finance. It's"}, {"start": "00:02:43", "end": "00:02:48", "text": "time for banking GOP to hold a mark up"}, {"start": "00:02:45", "end": "00:02:51", "text": "and send the Clarity Act to President"}, {"start": "00:02:48", "end": "00:02:54", "text": "Trump's desk. Senate time is precious"}, {"start": "00:02:51", "end": "00:03:00", "text": "and now is the time to act. So the I"}, {"start": "00:02:54", "end": "00:03:02", "text": "mean the time is right now and I think"}, {"start": "00:03:00", "end": "00:03:04", "text": "just looking at Scott Besson entering"}, {"start": "00:03:02", "end": "00:03:08", "text": "the chat and doing this is the perfect"}, {"start": "00:03:04", "end": "00:03:11", "text": "indicator to say it's it's really now or"}, {"start": "00:03:08", "end": "00:03:13", "text": "2027 and we're about to find out very"}, {"start": "00:03:11", "end": "00:03:14", "text": "soon. So I wanted to bring that up"}, {"start": "00:03:13", "end": "00:03:16", "text": "because I think it was a big deal that"}, {"start": "00:03:14", "end": "00:03:17", "text": "he posted that and we're we're coming"}, {"start": "00:03:16", "end": "00:03:19", "text": "into the second half of April very soon."}, {"start": "00:03:17", "end": "00:03:22", "text": "So let's look at Bitcoin to start and"}, {"start": "00:03:19", "end": "00:03:24", "text": "for context to the Bitcoin chart. I saw"}, {"start": "00:03:22", "end": "00:03:26", "text": "this post. We we've had we have the best"}, {"start": "00:03:24", "end": "00:03:28", "text": "macroeconomic backdrop since COVID and a"}, {"start": "00:03:26", "end": "00:03:30", "text": "new Fed chair incoming. A war ending the"}, {"start": "00:03:28", "end": "00:03:33", "text": "Clarity and Clarity Act likely to get"}, {"start": "00:03:30", "end": "00:03:36", "text": "past imminently"}, {"start": "00:03:33", "end": "00:03:38", "text": "it's with all the drama with Clarity Act"}, {"start": "00:03:36", "end": "00:03:41", "text": "it's becoming difficult to say likely"}, {"start": "00:03:38", "end": "00:03:44", "text": "but I'm definitely you optimistic about"}, {"start": "00:03:41", "end": "00:03:46", "text": "it still. All of this, while we've gone"}, {"start": "00:03:44", "end": "00:03:48", "text": "through the pain stage of digital asset"}, {"start": "00:03:46", "end": "00:03:51", "text": "treasuries, ETF outflows have reduced"}, {"start": "00:03:48", "end": "00:03:52", "text": "significantly and we're witnessing an"}, {"start": "00:03:51", "end": "00:03:54", "text": "insane amount of institutional adoption"}, {"start": "00:03:52", "end": "00:03:56", "text": "happen every week because we are. And"}, {"start": "00:03:54", "end": "00:03:57", "text": "it's crazy. While all these things are"}, {"start": "00:03:56", "end": "00:04:00", "text": "happening, price kind of keeps trickling"}, {"start": "00:03:57", "end": "00:04:01", "text": "down, especially with all coins. It"}, {"start": "00:04:00", "end": "00:04:04", "text": "feels like the perfect storm for digital"}, {"start": "00:04:01", "end": "00:04:07", "text": "assets once we get our legs under us and"}, {"start": "00:04:04", "end": "00:04:09", "text": "get some momentum going. things"}, {"start": "00:04:07", "end": "00:04:11", "text": "definitely are coming together from an"}, {"start": "00:04:09", "end": "00:04:13", "text": "adoption fundamental perspective, but I"}, {"start": "00:04:11", "end": "00:04:16", "text": "really do think also from, as he"}, {"start": "00:04:13", "end": "00:04:18", "text": "mentioned, the macroeconomic backdrop"}, {"start": "00:04:16", "end": "00:04:19", "text": "perspective. So, with that being said, I"}, {"start": "00:04:18", "end": "00:04:22", "text": "want to pivot to the Bitcoin chart, get"}, {"start": "00:04:19", "end": "00:04:25", "text": "a very clean idea of the cycle. I want"}, {"start": "00:04:22", "end": "00:04:27", "text": "to just make two points clear right now"}, {"start": "00:04:25", "end": "00:04:29", "text": "at this part of the video. Number one, I"}, {"start": "00:04:27", "end": "00:04:31", "text": "don't think the bare market has ended. I"}, {"start": "00:04:29", "end": "00:04:32", "text": "want to be very clear about that. I'm"}, {"start": "00:04:31", "end": "00:04:34", "text": "not saying that we're not in a bare"}, {"start": "00:04:32", "end": "00:04:38", "text": "market. I just don't think it's ended."}, {"start": "00:04:34", "end": "00:04:40", "text": "And so even with Bitcoin with this"}, {"start": "00:04:38", "end": "00:04:42", "text": "higher higher low move, I don't think"}, {"start": "00:04:40", "end": "00:04:45", "text": "Bitcoin, we know all coins haven't had a"}, {"start": "00:04:42", "end": "00:04:48", "text": "a bull market since 2020. I don't think"}, {"start": "00:04:45", "end": "00:04:50", "text": "Bitcoin has has it has had its bull"}, {"start": "00:04:48", "end": "00:04:52", "text": "market. This cycle is like nothing we've"}, {"start": "00:04:50", "end": "00:04:57", "text": "ever seen before. And I think the higher"}, {"start": "00:04:52", "end": "00:05:00", "text": "higher low move was completely driven by"}, {"start": "00:04:57", "end": "00:05:03", "text": "the ETF narrative as well as kind of the"}, {"start": "00:05:00", "end": "00:05:05", "text": "anticipation of it. But"}, {"start": "00:05:03", "end": "00:05:09", "text": "I can't make this point clear enough."}, {"start": "00:05:05", "end": "00:05:13", "text": "The move happened in an entire"}, {"start": "00:05:09", "end": "00:05:15", "text": "macroeconomic cycle of contraction. And"}, {"start": "00:05:13", "end": "00:05:17", "text": "also in here was record-breaking"}, {"start": "00:05:15", "end": "00:05:19", "text": "quantitative tightening for only the"}, {"start": "00:05:17", "end": "00:05:22", "text": "second time ever. That's the strength of"}, {"start": "00:05:19", "end": "00:05:25", "text": "Bitcoin. So you can imagine what Bitcoin"}, {"start": "00:05:22", "end": "00:05:28", "text": "might do in this place of already it's"}, {"start": "00:05:25", "end": "00:05:30", "text": "oversold now, but potential economic"}, {"start": "00:05:28", "end": "00:05:32", "text": "expansion. And I know I I harp on this"}, {"start": "00:05:30", "end": "00:05:35", "text": "non-stop, but it's just because it's a"}, {"start": "00:05:32", "end": "00:05:37", "text": "general foundation to my thesis on the"}, {"start": "00:05:35", "end": "00:05:39", "text": "cycle right now. And so it maybe it"}, {"start": "00:05:37", "end": "00:05:42", "text": "doesn't play out. That's fine. But this"}, {"start": "00:05:39", "end": "00:05:44", "text": "is something that I'm very adamant about"}, {"start": "00:05:42", "end": "00:05:46", "text": "in terms of my analysis for the cycle."}, {"start": "00:05:44", "end": "00:05:47", "text": "So let me zoom in on this time frame"}, {"start": "00:05:46", "end": "00:05:49", "text": "that I want to really break down because"}, {"start": "00:05:47", "end": "00:05:52", "text": "I've been tracking it, but not so"}, {"start": "00:05:49", "end": "00:05:54", "text": "closely. Let me first just say Bitcoin"}, {"start": "00:05:52", "end": "00:05:58", "text": "is at this 200E moving average in the"}, {"start": "00:05:54", "end": "00:06:00", "text": "2022 kind of bottoming out area. It"}, {"start": "00:05:58", "end": "00:06:01", "text": "dipped well below the 200 week. A lot of"}, {"start": "00:06:00", "end": "00:06:02", "text": "people think we're like kind of like"}, {"start": "00:06:01", "end": "00:06:04", "text": "right here and we're just going to keep"}, {"start": "00:06:02", "end": "00:06:06", "text": "falling for months and it is in play."}, {"start": "00:06:04", "end": "00:06:09", "text": "It's possible. I'm not discounting that"}, {"start": "00:06:06", "end": "00:06:11", "text": "at all. But I do want to say COVID"}, {"start": "00:06:09", "end": "00:06:14", "text": "dipped to the 200 wicked below but"}, {"start": "00:06:11", "end": "00:06:16", "text": "basically support at the 200. We had the"}, {"start": "00:06:14", "end": "00:06:18", "text": "2018 bottoming out of the bare market"}, {"start": "00:06:16", "end": "00:06:20", "text": "that was at the 200E moving average here"}, {"start": "00:06:18", "end": "00:06:23", "text": "on this chart. And even back here this"}, {"start": "00:06:20", "end": "00:06:25", "text": "bottoming out zone in 2015 was a 200WE"}, {"start": "00:06:23", "end": "00:06:27", "text": "moving average. So it could go either"}, {"start": "00:06:25", "end": "00:06:30", "text": "direction. But what I want to do is I"}, {"start": "00:06:27", "end": "00:06:32", "text": "want to do two things. Number one, let"}, {"start": "00:06:30", "end": "00:06:34", "text": "me first just draw attention to the"}, {"start": "00:06:32", "end": "00:06:37", "text": "yellow lines. So yellow line, yellow"}, {"start": "00:06:34", "end": "00:06:40", "text": "line, 2019 quantitative tightening, the"}, {"start": "00:06:37", "end": "00:06:42", "text": "first ever quantitative tightening uh"}, {"start": "00:06:40", "end": "00:06:45", "text": "cycle right here. It ended right here at"}, {"start": "00:06:42", "end": "00:06:49", "text": "the end of July of 2019. And then here's"}, {"start": "00:06:45", "end": "00:06:52", "text": "a second ever QT ending 2025"}, {"start": "00:06:49", "end": "00:06:54", "text": "of December. What I want to do is I very"}, {"start": "00:06:52", "end": "00:06:56", "text": "simply I want to zoom in just for a"}, {"start": "00:06:54", "end": "00:06:58", "text": "moment. And I really want to because I"}, {"start": "00:06:56", "end": "00:07:00", "text": "haven't been zooming in on this. I"}, {"start": "00:06:58", "end": "00:07:03", "text": "really want to do something specifically"}, {"start": "00:07:00", "end": "00:07:05", "text": "and I want to talk about not just the"}, {"start": "00:07:03", "end": "00:07:08", "text": "postquantitative tightening dip. I've"}, {"start": "00:07:05", "end": "00:07:11", "text": "been discussing it non-stop. If we take"}, {"start": "00:07:08", "end": "00:07:15", "text": "the timeline from QT ending to really"}, {"start": "00:07:11", "end": "00:07:17", "text": "the bottom of that dip 119 days. What I"}, {"start": "00:07:15", "end": "00:07:18", "text": "really want to make mention of and we're"}, {"start": "00:07:17", "end": "00:07:20", "text": "going to do this on where we are now"}, {"start": "00:07:18", "end": "00:07:22", "text": "post QT."}, {"start": "00:07:20", "end": "00:07:24", "text": "What's interesting to me is, and by the"}, {"start": "00:07:22", "end": "00:07:26", "text": "way, the structure and the setup of the"}, {"start": "00:07:24", "end": "00:07:30", "text": "dip we're about to look at in Bitcoin is"}, {"start": "00:07:26", "end": "00:07:33", "text": "so similar, but my my thing that I"}, {"start": "00:07:30", "end": "00:07:35", "text": "continue to wrestle with is, okay, we"}, {"start": "00:07:33", "end": "00:07:37", "text": "bottomed out after the post QT"}, {"start": "00:07:35", "end": "00:07:39", "text": "normalization dip. We started making"}, {"start": "00:07:37", "end": "00:07:41", "text": "this move to the upside, and this is"}, {"start": "00:07:39", "end": "00:07:43", "text": "kind of where we are right now. Like if"}, {"start": "00:07:41", "end": "00:07:45", "text": "we start getting a move to the upside,"}, {"start": "00:07:43", "end": "00:07:49", "text": "what would have This is the question."}, {"start": "00:07:45", "end": "00:07:52", "text": "What would have happened in this move if"}, {"start": "00:07:49", "end": "00:07:55", "text": "we didn't have COVID of 2020? I don't"}, {"start": "00:07:52", "end": "00:07:57", "text": "know. I really have no idea. Would"}, {"start": "00:07:55", "end": "00:08:00", "text": "Bitcoin just been sideways and choppy"}, {"start": "00:07:57", "end": "00:08:02", "text": "for a while anyway? Like"}, {"start": "00:08:00", "end": "00:08:03", "text": "I just don't know. And and how would the"}, {"start": "00:08:02", "end": "00:08:06", "text": "last bull market look like if we didn't"}, {"start": "00:08:03", "end": "00:08:08", "text": "get this crazy injection of of liquidity"}, {"start": "00:08:06", "end": "00:08:10", "text": "and money printers coming on and all"}, {"start": "00:08:08", "end": "00:08:13", "text": "this? I don't know. We we never we just"}, {"start": "00:08:10", "end": "00:08:18", "text": "will not know. But what I do know is"}, {"start": "00:08:13", "end": "00:08:22", "text": "right here very similar to where we are."}, {"start": "00:08:18", "end": "00:08:25", "text": "And so if we take the time frame 119"}, {"start": "00:08:22", "end": "00:08:27", "text": "days, it bottoms right and we go to"}, {"start": "00:08:25", "end": "00:08:29", "text": "where we are right now post QT. So same"}, {"start": "00:08:27", "end": "00:08:31", "text": "chart post QT. Here's the post. Here's"}, {"start": "00:08:29", "end": "00:08:34", "text": "December 1st, the week of December 1st."}, {"start": "00:08:31", "end": "00:08:38", "text": "We take the timeline"}, {"start": "00:08:34", "end": "00:08:41", "text": "and well there's 126 days. Here is 112"}, {"start": "00:08:38", "end": "00:08:47", "text": "days. Here's 119 days. So that's that"}, {"start": "00:08:41", "end": "00:08:49", "text": "similar area for Bitcoin 2019 119 days,"}, {"start": "00:08:47", "end": "00:08:52", "text": "right? It bottomed"}, {"start": "00:08:49", "end": "00:08:56", "text": "sideways, choppy, and then up. Right"}, {"start": "00:08:52", "end": "00:08:58", "text": "now, 119 days, postQT."}, {"start": "00:08:56", "end": "00:09:00", "text": "I don't know. Is it going to start going"}, {"start": "00:08:58", "end": "00:09:02", "text": "up now? Is it going to be choppy for for"}, {"start": "00:09:00", "end": "00:09:04", "text": "longer, for weeks longer? So the thing"}, {"start": "00:09:02", "end": "00:09:05", "text": "that I'm watching right now, I mean, one"}, {"start": "00:09:04", "end": "00:09:07", "text": "thing that we can look for from a"}, {"start": "00:09:05", "end": "00:09:09", "text": "structure standpoint is 77 se like"}, {"start": "00:09:07", "end": "00:09:11", "text": "$76,000."}, {"start": "00:09:09", "end": "00:09:14", "text": "If Bitcoin starts closing weekly candle"}, {"start": "00:09:11", "end": "00:09:17", "text": "or two above $76,000,"}, {"start": "00:09:14", "end": "00:09:21", "text": "we have a very very similar macro move,"}, {"start": "00:09:17", "end": "00:09:24", "text": "macro environment move as we did back"}, {"start": "00:09:21", "end": "00:09:27", "text": "here in this move. Right? So what will"}, {"start": "00:09:24", "end": "00:09:32", "text": "be key and notice what happened too? PMI"}, {"start": "00:09:27", "end": "00:09:34", "text": "contracting falling a nice uptick on PMI"}, {"start": "00:09:32", "end": "00:09:36", "text": "right what's happening right now"}, {"start": "00:09:34", "end": "00:09:39", "text": "contracting sideways we have a nice"}, {"start": "00:09:36", "end": "00:09:42", "text": "uptick uptick on PMI"}, {"start": "00:09:39", "end": "00:09:43", "text": "this is why the PMI prints are so"}, {"start": "00:09:42", "end": "00:09:45", "text": "important to me because look what"}, {"start": "00:09:43", "end": "00:09:49", "text": "happened with COVID PMI on the short"}, {"start": "00:09:45", "end": "00:09:51", "text": "term fell is Iran the the short-term"}, {"start": "00:09:49", "end": "00:09:54", "text": "scenario with Iran going to cause this"}, {"start": "00:09:51", "end": "00:09:57", "text": "to fall is Bitcoin about to consolidate"}, {"start": "00:09:54", "end": "00:09:59", "text": "not in such a drastic way as co Right?"}, {"start": "00:09:57", "end": "00:10:01", "text": "But in a similar fashion, following PMI,"}, {"start": "00:09:59", "end": "00:10:05", "text": "the business cycle not ready to break"}, {"start": "00:10:01", "end": "00:10:08", "text": "out yet. But if the Iran war ends, oil"}, {"start": "00:10:05", "end": "00:10:11", "text": "prices start falling, boom, we start"}, {"start": "00:10:08", "end": "00:10:13", "text": "getting an economic expansion phase,"}, {"start": "00:10:11", "end": "00:10:15", "text": "which I think has already begun. Even if"}, {"start": "00:10:13", "end": "00:10:17", "text": "we get a lower high or I'm sorry, a"}, {"start": "00:10:15", "end": "00:10:21", "text": "higher low,"}, {"start": "00:10:17", "end": "00:10:24", "text": "is Bitcoin at this 2019 phase that goes"}, {"start": "00:10:21", "end": "00:10:26", "text": "into 2020 into COVID? Will it just look"}, {"start": "00:10:24", "end": "00:10:28", "text": "a little different? The time frame right"}, {"start": "00:10:26", "end": "00:10:32", "text": "now is crazy and I think because it took"}, {"start": "00:10:28", "end": "00:10:34", "text": "119 days really last cycle to kind of"}, {"start": "00:10:32", "end": "00:10:36", "text": "bottom. I think it's notable to kind of"}, {"start": "00:10:34", "end": "00:10:39", "text": "just track this really even in this"}, {"start": "00:10:36", "end": "00:10:41", "text": "week. If we look at this, it took until"}, {"start": "00:10:39", "end": "00:10:44", "text": "161 days to actually make the breakout"}, {"start": "00:10:41", "end": "00:10:46", "text": "move. But notice it was making that"}, {"start": "00:10:44", "end": "00:10:48", "text": "breakout move with the PMI expanding. So"}, {"start": "00:10:46", "end": "00:10:50", "text": "that's interesting to me. And by the"}, {"start": "00:10:48", "end": "00:10:54", "text": "way, the PMI that I use, the business"}, {"start": "00:10:50", "end": "00:10:56", "text": "cycle theory that I use is not to be a"}, {"start": "00:10:54", "end": "00:10:59", "text": "weekly thing. This is a macro thing. I'm"}, {"start": "00:10:56", "end": "00:11:00", "text": "not suggesting because this expanded"}, {"start": "00:10:59", "end": "00:11:02", "text": "right here, Bitcoin should be expanding"}, {"start": "00:11:00", "end": "00:11:04", "text": "with it on the on that short-term"}, {"start": "00:11:02", "end": "00:11:08", "text": "horizon. It is not like that at all."}, {"start": "00:11:04", "end": "00:11:09", "text": "This is a long-term macro correlation."}, {"start": "00:11:08", "end": "00:11:12", "text": "And you can just see it with Bitcoin"}, {"start": "00:11:09", "end": "00:11:14", "text": "cycles. It's crazy, but it's not like"}, {"start": "00:11:12", "end": "00:11:15", "text": "day-to-day, week to week, right? This is"}, {"start": "00:11:14", "end": "00:11:18", "text": "a macro thing. Look at the correlation"}, {"start": "00:11:15", "end": "00:11:20", "text": "here with bull and bare cycles. It's you"}, {"start": "00:11:18", "end": "00:11:22", "text": "can't argue it if you look at the chart."}, {"start": "00:11:20", "end": "00:11:24", "text": "But my point being, we did have"}, {"start": "00:11:22", "end": "00:11:27", "text": "expansion that started back here earlier"}, {"start": "00:11:24", "end": "00:11:29", "text": "in the year, right? Is Bitcoin going to"}, {"start": "00:11:27", "end": "00:11:32", "text": "catch up to that expansion? What happens"}, {"start": "00:11:29", "end": "00:11:34", "text": "if PMI starts falling again or"}, {"start": "00:11:32", "end": "00:11:36", "text": "consolidating because of the short-term"}, {"start": "00:11:34", "end": "00:11:37", "text": "event with Iran and oil prices and"}, {"start": "00:11:36", "end": "00:11:40", "text": "everything? I don't know. We're going to"}, {"start": "00:11:37", "end": "00:11:46", "text": "continue tracking that. But 119 days in,"}, {"start": "00:11:40", "end": "00:11:47", "text": "it took 161 days post 2019, QT 2019 to"}, {"start": "00:11:46", "end": "00:11:49", "text": "start expanding to the upside for"}, {"start": "00:11:47", "end": "00:11:52", "text": "Bitcoin price. That brings us into May."}, {"start": "00:11:49", "end": "00:11:54", "text": "like May 11th is that week, right? So"}, {"start": "00:11:52", "end": "00:11:57", "text": "between now and May 11th are going to be"}, {"start": "00:11:54", "end": "00:11:59", "text": "very interesting uh"}, {"start": "00:11:57", "end": "00:12:02", "text": "kind of a very interesting time frame to"}, {"start": "00:11:59", "end": "00:12:04", "text": "track in my opinion for Bitcoin price"}, {"start": "00:12:02", "end": "00:12:06", "text": "and that is to say whether we get the"}, {"start": "00:12:04", "end": "00:12:08", "text": "breakout that I'm discussing here"}, {"start": "00:12:06", "end": "00:12:10", "text": "especially above 76,000 or if we're"}, {"start": "00:12:08", "end": "00:12:13", "text": "falling you know with some type of May"}, {"start": "00:12:10", "end": "00:12:15", "text": "or I'm sorry April PMI print to the"}, {"start": "00:12:13", "end": "00:12:17", "text": "downside and Bitcoin's just kind of"}, {"start": "00:12:15", "end": "00:12:19", "text": "reacting and testing the 200E moving"}, {"start": "00:12:17", "end": "00:12:23", "text": "average again. 200week moving average at"}, {"start": "00:12:19", "end": "00:12:24", "text": "60. This previous swing high at 76. It's"}, {"start": "00:12:23", "end": "00:12:26", "text": "a range that I'm very interested in"}, {"start": "00:12:24", "end": "00:12:29", "text": "right now after all this consolidation"}, {"start": "00:12:26", "end": "00:12:31", "text": "since this capitulation back here uh in"}, {"start": "00:12:29", "end": "00:12:33", "text": "February. That's the range that we're"}, {"start": "00:12:31", "end": "00:12:35", "text": "in. I want to see which way Bitcoin"}, {"start": "00:12:33", "end": "00:12:37", "text": "breaks and that's what I'll be tracking."}, {"start": "00:12:35", "end": "00:12:39", "text": "So, I appreciate you guys watching. I"}, {"start": "00:12:37", "end": "00:12:41", "text": "mean, the Clarity Act could even play"}, {"start": "00:12:39", "end": "00:12:43", "text": "into price action in terms of just"}, {"start": "00:12:41", "end": "00:12:45", "text": "crypto in general right now because it"}, {"start": "00:12:43", "end": "00:12:46", "text": "is a very big deal. So, appreciate you"}, {"start": "00:12:45", "end": "00:12:47", "text": "guys watching. I hope you have a good"}, {"start": "00:12:46", "end": "00:12:50", "text": "day out there. I'll see you in the next"}, {"start": "00:12:47", "end": "00:12:50", "text": "one. God bless."}]

[{"start": "00:00:00", "end": "00:00:04", "text": "Morgan Stanley announces the launch of"}, {"start": "00:00:02", "end": "00:00:08", "text": "its spot Bitcoin ETF. And wait till you"}, {"start": "00:00:04", "end": "00:00:10", "text": "see what the global head of ETFs said"}, {"start": "00:00:08", "end": "00:00:13", "text": "about crypto. And I saw this post."}, {"start": "00:00:10", "end": "00:00:16", "text": "Bitcoin is perfectly mimicking 2022"}, {"start": "00:00:13", "end": "00:00:19", "text": "bottom fractal. Are you still waiting"}, {"start": "00:00:16", "end": "00:00:23", "text": "for $40,000? So this is Gordon over here"}, {"start": "00:00:19", "end": "00:00:26", "text": "on X. This this one group of people that"}, {"start": "00:00:23", "end": "00:00:28", "text": "is just like a bull move is happening"}, {"start": "00:00:26", "end": "00:00:30", "text": "sooner than later. And then you have"}, {"start": "00:00:28", "end": "00:00:32", "text": "another entirely different group of"}, {"start": "00:00:30", "end": "00:00:35", "text": "people like this account according to"}, {"start": "00:00:32", "end": "00:00:38", "text": "four-year cycle Bitcoin will bottom in"}, {"start": "00:00:35", "end": "00:00:39", "text": "October. And I want to look at these"}, {"start": "00:00:38", "end": "00:00:41", "text": "conflicting views and I want to"}, {"start": "00:00:39", "end": "00:00:43", "text": "visualize them on the screen because for"}, {"start": "00:00:41", "end": "00:00:46", "text": "me at this point of where we are in the"}, {"start": "00:00:43", "end": "00:00:48", "text": "cycle, it's almost starting to not even"}, {"start": "00:00:46", "end": "00:00:50", "text": "matter as much. But I want to break it"}, {"start": "00:00:48", "end": "00:00:54", "text": "down in terms of what is possible. And"}, {"start": "00:00:50", "end": "00:00:56", "text": "it might be, wait for it, maybe a little"}, {"start": "00:00:54", "end": "00:00:58", "text": "bit of an in between. Maybe no one is"}, {"start": "00:00:56", "end": "00:01:00", "text": "exactly right in terms of what happens"}, {"start": "00:00:58", "end": "00:01:01", "text": "next. So, let's start with the Morgan"}, {"start": "00:01:00", "end": "00:01:02", "text": "Stanley news and then I want to really"}, {"start": "00:01:01", "end": "00:01:05", "text": "break down these charts and look what"}, {"start": "00:01:02", "end": "00:01:09", "text": "look at what is in store for the cycle."}, {"start": "00:01:05", "end": "00:01:11", "text": "So, today is the day Morgan Stanley spot"}, {"start": "00:01:09", "end": "00:01:13", "text": "ETF for Bitcoin. But check this out."}, {"start": "00:01:11", "end": "00:01:16", "text": "This is from Eric over here at Bloom."}, {"start": "00:01:13", "end": "00:01:18", "text": "He's a C ETF analyst at Bloomberg. We"}, {"start": "00:01:16", "end": "00:01:20", "text": "really wanted to show our commitment by"}, {"start": "00:01:18", "end": "00:01:22", "text": "having that lower fee. Allison Wallace,"}, {"start": "00:01:20", "end": "00:01:25", "text": "global head of ETS at Morgan Stanley."}, {"start": "00:01:22", "end": "00:01:28", "text": "Check this out. The demand especially"}, {"start": "00:01:25", "end": "00:01:30", "text": "from the high net worth investors has"}, {"start": "00:01:28", "end": "00:01:33", "text": "been quite high. Viewed at the firm"}, {"start": "00:01:30", "end": "00:01:36", "text": "level, this is an asset class that is"}, {"start": "00:01:33", "end": "00:01:38", "text": "not going away."}, {"start": "00:01:36", "end": "00:01:40", "text": "We are. And by the way, we're about to"}, {"start": "00:01:38", "end": "00:01:42", "text": "look at the charts, right? Is the bottom"}, {"start": "00:01:40", "end": "00:01:45", "text": "in? How far are we from the bottom?"}, {"start": "00:01:42", "end": "00:01:48", "text": "Everybody just arguing about exact time"}, {"start": "00:01:45", "end": "00:01:50", "text": "frames. No matter how you spin it, we"}, {"start": "00:01:48", "end": "00:01:52", "text": "are at a ground level like we've never"}, {"start": "00:01:50", "end": "00:01:54", "text": "been. And we've had many ground levels"}, {"start": "00:01:52", "end": "00:01:56", "text": "throughout these cycles. If you go back"}, {"start": "00:01:54", "end": "00:01:58", "text": "on a Bitcoin chart or any crypto chart,"}, {"start": "00:01:56", "end": "00:02:01", "text": "there have been many ground levels, but"}, {"start": "00:01:58", "end": "00:02:03", "text": "this one is different than anything that"}, {"start": "00:02:01", "end": "00:02:06", "text": "we've ever seen because of the demand"}, {"start": "00:02:03", "end": "00:02:09", "text": "now and the institutionalization and"}, {"start": "00:02:06", "end": "00:02:11", "text": "really just the the global adoption of"}, {"start": "00:02:09", "end": "00:02:13", "text": "crypto, this entire asset class, not"}, {"start": "00:02:11", "end": "00:02:16", "text": "just Bitcoin. So, this is incredibly"}, {"start": "00:02:13", "end": "00:02:18", "text": "bullish news for uh for Bitcoin as well"}, {"start": "00:02:16", "end": "00:02:20", "text": "as crypto. And on the Morgan Stanley"}, {"start": "00:02:18", "end": "00:02:21", "text": "news, then we'll look at the charts. I"}, {"start": "00:02:20", "end": "00:02:23", "text": "saw this Morgan Stanley is putting"}, {"start": "00:02:21", "end": "00:02:25", "text": "16,000 financial advisors behind a"}, {"start": "00:02:23", "end": "00:02:27", "text": "Bitcoin ETF today. And this is what I'm"}, {"start": "00:02:25", "end": "00:02:30", "text": "saying. This is what separates every"}, {"start": "00:02:27", "end": "00:02:32", "text": "other kind of bottoming out phase of a"}, {"start": "00:02:30", "end": "00:02:34", "text": "crypto cycle."}, {"start": "00:02:32", "end": "00:02:36", "text": "The a mass amount of people are gone."}, {"start": "00:02:34", "end": "00:02:39", "text": "They left crypto."}, {"start": "00:02:36", "end": "00:02:41", "text": "They've left. That's more people selling"}, {"start": "00:02:39", "end": "00:02:43", "text": "Bitcoin than most countries have selling"}, {"start": "00:02:41", "end": "00:02:46", "text": "government bonds, by the way. Probably"}, {"start": "00:02:43", "end": "00:02:47", "text": "nothing. So, let's pivot. Let's look at"}, {"start": "00:02:46", "end": "00:02:49", "text": "the Bitcoin charts. And before I do,"}, {"start": "00:02:47", "end": "00:02:51", "text": "everybody, quick shout out to today's"}, {"start": "00:02:49", "end": "00:02:54", "text": "partner, Caleb and Brown. Personalized"}, {"start": "00:02:51", "end": "00:02:56", "text": "crypto brokerage. You get your own you"}, {"start": "00:02:54", "end": "00:02:58", "text": "you get your own crypto broker,"}, {"start": "00:02:56", "end": "00:03:01", "text": "dedicated broker, a real person"}, {"start": "00:02:58", "end": "00:03:02", "text": "available 24/7. They will learn your"}, {"start": "00:03:01", "end": "00:03:04", "text": "goals and they will walk through"}, {"start": "00:03:02", "end": "00:03:06", "text": "everything with you. If you want to just"}, {"start": "00:03:04", "end": "00:03:08", "text": "brainstorm trades or moves that you're"}, {"start": "00:03:06", "end": "00:03:10", "text": "trying to make, your assets, I can't"}, {"start": "00:03:08", "end": "00:03:12", "text": "highlight this enough, they're secured"}, {"start": "00:03:10", "end": "00:03:14", "text": "through Fireblocks, which is"}, {"start": "00:03:12", "end": "00:03:15", "text": "institutional-grade custody, which is"}, {"start": "00:03:14", "end": "00:03:17", "text": "incredibly important if you're in the"}, {"start": "00:03:15", "end": "00:03:20", "text": "crypto space. And if you're holding,"}, {"start": "00:03:17", "end": "00:03:24", "text": "especially longterm and when markets get"}, {"start": "00:03:20", "end": "00:03:26", "text": "volatile, which they do, their execution"}, {"start": "00:03:24", "end": "00:03:28", "text": "on on your trades and everything, they"}, {"start": "00:03:26", "end": "00:03:31", "text": "don't lag. They don't lag out like some"}, {"start": "00:03:28", "end": "00:03:33", "text": "exchanges do. So simple flat fee, no"}, {"start": "00:03:31", "end": "00:03:35", "text": "hidden cost. Link in the description."}, {"start": "00:03:33", "end": "00:03:37", "text": "Get set up with them. Appreciate Caleb"}, {"start": "00:03:35", "end": "00:03:40", "text": "and Brown. So let's start here. This is"}, {"start": "00:03:37", "end": "00:03:41", "text": "the Bitcoin chart. a couple fractals and"}, {"start": "00:03:40", "end": "00:03:44", "text": "there's one I want to kind of throw in"}, {"start": "00:03:41", "end": "00:03:46", "text": "the mix when we're done, these two. But"}, {"start": "00:03:44", "end": "00:03:49", "text": "these are the two conflicting views. And"}, {"start": "00:03:46", "end": "00:03:51", "text": "and unfortunately,"}, {"start": "00:03:49", "end": "00:03:53", "text": "no matter where where you stand in the"}, {"start": "00:03:51", "end": "00:03:54", "text": "crypto space, people just argue about"}, {"start": "00:03:53", "end": "00:03:57", "text": "these things. I don't think that's"}, {"start": "00:03:54", "end": "00:03:59", "text": "necessary. Like I think everybody's kind"}, {"start": "00:03:57", "end": "00:04:02", "text": "of just macro bullish. I realize a lot"}, {"start": "00:03:59", "end": "00:04:04", "text": "of people are frustrated and time frames"}, {"start": "00:04:02", "end": "00:04:08", "text": "kind of really don't help in terms of"}, {"start": "00:04:04", "end": "00:04:11", "text": "frustrations, but let's look at this. So"}, {"start": "00:04:08", "end": "00:04:12", "text": "BTC perfectly mimicking 2022 bottom"}, {"start": "00:04:11", "end": "00:04:15", "text": "fractal. Let's start with this one. And"}, {"start": "00:04:12", "end": "00:04:17", "text": "it's just a little clip, right? Taking"}, {"start": "00:04:15", "end": "00:04:20", "text": "the fractal, moving it over there, just"}, {"start": "00:04:17", "end": "00:04:22", "text": "showing what it looks like. I took it"}, {"start": "00:04:20", "end": "00:04:25", "text": "and this is I mean this is pretty much I"}, {"start": "00:04:22", "end": "00:04:28", "text": "think what what he's showing here. But"}, {"start": "00:04:25", "end": "00:04:30", "text": "in green is the fractal, right? So let"}, {"start": "00:04:28", "end": "00:04:32", "text": "me move that red down a little bit. You"}, {"start": "00:04:30", "end": "00:04:36", "text": "can just see where we are right now in"}, {"start": "00:04:32", "end": "00:04:39", "text": "terms of uh Bitcoin trading. This green"}, {"start": "00:04:36", "end": "00:04:42", "text": "is the fractal from last cycle. It is"}, {"start": "00:04:39", "end": "00:04:44", "text": "absolutely insane. Be very careful. Be"}, {"start": "00:04:42", "end": "00:04:45", "text": "very careful because just because it"}, {"start": "00:04:44", "end": "00:04:47", "text": "looks the same doesn't mean it's going"}, {"start": "00:04:45", "end": "00:04:49", "text": "to play out the same. I think we've all"}, {"start": "00:04:47", "end": "00:04:50", "text": "learned that lesson many times. But you"}, {"start": "00:04:49", "end": "00:04:53", "text": "can see that fractal I took from back"}, {"start": "00:04:50", "end": "00:04:55", "text": "here in green. That was the bottom. It"}, {"start": "00:04:53", "end": "00:04:57", "text": "was the bottom of 20122."}, {"start": "00:04:55", "end": "00:05:03", "text": "But then we have this other kind of"}, {"start": "00:04:57", "end": "00:05:06", "text": "mindset, right? And that is if we go go"}, {"start": "00:05:03", "end": "00:05:09", "text": "to this post four-year cycle theory,"}, {"start": "00:05:06", "end": "00:05:11", "text": "Bitcoin bottom in in in October. So, and"}, {"start": "00:05:09", "end": "00:05:13", "text": "this goes off of an accumulation area, a"}, {"start": "00:05:11", "end": "00:05:14", "text": "markup area, distribution area, and then"}, {"start": "00:05:13", "end": "00:05:16", "text": "a bare market, which is where we are"}, {"start": "00:05:14", "end": "00:05:19", "text": "right now. And you can just see each"}, {"start": "00:05:16", "end": "00:05:21", "text": "bare market bottomed at 77 to 84%. And"}, {"start": "00:05:19", "end": "00:05:22", "text": "there's going to be more downside. You"}, {"start": "00:05:21", "end": "00:05:23", "text": "can just see going into October. It's"}, {"start": "00:05:22", "end": "00:05:26", "text": "just going to keep falling just like"}, {"start": "00:05:23", "end": "00:05:28", "text": "these previous cycles have. Now, going"}, {"start": "00:05:26", "end": "00:05:30", "text": "back to the Bitcoin chart, you can see"}, {"start": "00:05:28", "end": "00:05:31", "text": "what that potentially could look like. I"}, {"start": "00:05:30", "end": "00:05:34", "text": "mean, I just took a fractal from last"}, {"start": "00:05:31", "end": "00:05:36", "text": "cycle. I don't think it's a great idea,"}, {"start": "00:05:34", "end": "00:05:38", "text": "other than visualization purposes,"}, {"start": "00:05:36", "end": "00:05:39", "text": "anticipation purposes, which I think is"}, {"start": "00:05:38", "end": "00:05:41", "text": "so valuable to use fractalss. I don't"}, {"start": "00:05:39", "end": "00:05:43", "text": "think it's a good idea to just take a"}, {"start": "00:05:41", "end": "00:05:45", "text": "fractal from last cycle and say boom,"}, {"start": "00:05:43", "end": "00:05:47", "text": "it's going to happen this way. Because"}, {"start": "00:05:45", "end": "00:05:50", "text": "look, look at both scenarios. It's like"}, {"start": "00:05:47", "end": "00:05:53", "text": "we could be at a over $112,000 or"}, {"start": "00:05:50", "end": "00:05:56", "text": "$100,000 in July or we could be getting"}, {"start": "00:05:53", "end": "00:05:59", "text": "ready to hit close to $40,000."}, {"start": "00:05:56", "end": "00:06:00", "text": "So, we have to be very careful. I think"}, {"start": "00:05:59", "end": "00:06:02", "text": "what's great is the visualization"}, {"start": "00:06:00", "end": "00:06:04", "text": "exercise that we get here on the screen"}, {"start": "00:06:02", "end": "00:06:08", "text": "right now because at the end of the day,"}, {"start": "00:06:04", "end": "00:06:10", "text": "myself, you this account, this account,"}, {"start": "00:06:08", "end": "00:06:14", "text": "nobody, nobody knows what is going to"}, {"start": "00:06:10", "end": "00:06:15", "text": "happen. Every cycle and bottoming of a"}, {"start": "00:06:14", "end": "00:06:18", "text": "cycle has looked different. the speed of"}, {"start": "00:06:15", "end": "00:06:20", "text": "it, the velocity of it, the downside of"}, {"start": "00:06:18", "end": "00:06:22", "text": "it. I want to propose this to you. And I"}, {"start": "00:06:20", "end": "00:06:25", "text": "know I've been talking about it a lot,"}, {"start": "00:06:22", "end": "00:06:27", "text": "but it is the fractal of 2019 that"}, {"start": "00:06:25", "end": "00:06:29", "text": "happened after quantitative tightening"}, {"start": "00:06:27", "end": "00:06:30", "text": "ended. That was the first time"}, {"start": "00:06:29", "end": "00:06:32", "text": "quantitative tightening ended. And I've"}, {"start": "00:06:30", "end": "00:06:33", "text": "been talking a lot about this, right?"}, {"start": "00:06:32", "end": "00:06:36", "text": "Because quantitative tightening just"}, {"start": "00:06:33", "end": "00:06:37", "text": "ended kind of December 1st, like"}, {"start": "00:06:36", "end": "00:06:40", "text": "somewhere around here on this chart,"}, {"start": "00:06:37", "end": "00:06:43", "text": "right? So this fractal obviously by the"}, {"start": "00:06:40", "end": "00:06:46", "text": "way is not perfect but it's this the"}, {"start": "00:06:43", "end": "00:06:49", "text": "representation of this thought that"}, {"start": "00:06:46", "end": "00:06:52", "text": "postQT we get a dip which is where I"}, {"start": "00:06:49", "end": "00:06:54", "text": "think we are right now and"}, {"start": "00:06:52", "end": "00:06:58", "text": "as that post quantitative tightening"}, {"start": "00:06:54", "end": "00:07:00", "text": "normalization happens and we get"}, {"start": "00:06:58", "end": "00:07:03", "text": "macroeconomic events"}, {"start": "00:07:00", "end": "00:07:05", "text": "huge Fed events that is to say a new Fed"}, {"start": "00:07:03", "end": "00:07:08", "text": "chair literally in almost just about a"}, {"start": "00:07:05", "end": "00:07:10", "text": "month and economic stimulus list that I"}, {"start": "00:07:08", "end": "00:07:12", "text": "think is getting ready to happen. What"}, {"start": "00:07:10", "end": "00:07:14", "text": "are the possibilities of the in between"}, {"start": "00:07:12", "end": "00:07:16", "text": "of the of the red and green and"}, {"start": "00:07:14", "end": "00:07:18", "text": "including a post-quantitative tightening"}, {"start": "00:07:16", "end": "00:07:20", "text": "dip that we're in right now, right?"}, {"start": "00:07:18", "end": "00:07:22", "text": "Because we really are, if you zoom in so"}, {"start": "00:07:20", "end": "00:07:24", "text": "you can actually see the the price"}, {"start": "00:07:22", "end": "00:07:27", "text": "action, we're in a postquantitative"}, {"start": "00:07:24", "end": "00:07:29", "text": "tightening dip. What's the in between?"}, {"start": "00:07:27", "end": "00:07:31", "text": "What are what are we prepared for? I"}, {"start": "00:07:29", "end": "00:07:33", "text": "think that's the question. I think it's"}, {"start": "00:07:31", "end": "00:07:34", "text": "just great to prepare for all extremes."}, {"start": "00:07:33", "end": "00:07:36", "text": "The bottom's in and we're going to be at"}, {"start": "00:07:34", "end": "00:07:38", "text": "$100,000 soon. The bottom's not in and"}, {"start": "00:07:36", "end": "00:07:40", "text": "we are going to see it bottom out at"}, {"start": "00:07:38", "end": "00:07:42", "text": "closer to Septe August, September,"}, {"start": "00:07:40", "end": "00:07:45", "text": "October in the 40s or something. Maybe"}, {"start": "00:07:42", "end": "00:07:46", "text": "sub 40s. Maybe the bears are completely"}, {"start": "00:07:45", "end": "00:07:48", "text": "right."}, {"start": "00:07:46", "end": "00:07:50", "text": "My approach to these markets is and"}, {"start": "00:07:48", "end": "00:07:53", "text": "always has been anticipating all"}, {"start": "00:07:50", "end": "00:07:56", "text": "scenarios and trying to visualize them."}, {"start": "00:07:53", "end": "00:07:59", "text": "Obviously, I'm so focused because I am"}, {"start": "00:07:56", "end": "00:08:02", "text": "just a macro bull. I'm so focused on the"}, {"start": "00:07:59", "end": "00:08:05", "text": "the macro bull move that is the higher"}, {"start": "00:08:02", "end": "00:08:06", "text": "high growth of the crypto space in"}, {"start": "00:08:05", "end": "00:08:09", "text": "general. That includes the value of the"}, {"start": "00:08:06", "end": "00:08:11", "text": "crypto space. But at the end of the day,"}, {"start": "00:08:09", "end": "00:08:13", "text": "everybody, when we're trying to find"}, {"start": "00:08:11", "end": "00:08:14", "text": "bottoms and form bottoms, this is what"}, {"start": "00:08:13", "end": "00:08:16", "text": "it looks like. There's so many different"}, {"start": "00:08:14", "end": "00:08:17", "text": "scenarios. I mean, what if it's an in"}, {"start": "00:08:16", "end": "00:08:19", "text": "between of all of them? Like, we're"}, {"start": "00:08:17", "end": "00:08:21", "text": "trickling down and all of a sudden the"}, {"start": "00:08:19", "end": "00:08:23", "text": "bears think they're right. It's May."}, {"start": "00:08:21", "end": "00:08:24", "text": "We're back down in the lower 50s, like"}, {"start": "00:08:23", "end": "00:08:27", "text": "20,000 less less of where we are right"}, {"start": "00:08:24", "end": "00:08:28", "text": "now. But that's the bottom. And there is"}, {"start": "00:08:27", "end": "00:08:30", "text": "no October bottom that everybody's I"}, {"start": "00:08:28", "end": "00:08:32", "text": "don't know what that was but there is no"}, {"start": "00:08:30", "end": "00:08:37", "text": "October bottom that everybody's waiting"}, {"start": "00:08:32", "end": "00:08:39", "text": "for. Right? So my point is zoom out on"}, {"start": "00:08:37", "end": "00:08:42", "text": "not just the charts but on the"}, {"start": "00:08:39", "end": "00:08:44", "text": "situation. Morgan Stanley announcing"}, {"start": "00:08:42", "end": "00:08:46", "text": "today their launch of its Bitcoin spot"}, {"start": "00:08:44", "end": "00:08:48", "text": "ETF,"}, {"start": "00:08:46", "end": "00:08:51", "text": "the adoption that we're seeing in terms"}, {"start": "00:08:48", "end": "00:08:54", "text": "of just this one ETF. And then this this"}, {"start": "00:08:51", "end": "00:08:57", "text": "really does kind of trickle down to"}, {"start": "00:08:54", "end": "00:08:59", "text": "altcoins and the adoption of altcoins."}, {"start": "00:08:57", "end": "00:09:01", "text": "There's been so much massive altcoin"}, {"start": "00:08:59", "end": "00:09:03", "text": "news lately, institutionalization of"}, {"start": "00:09:01", "end": "00:09:05", "text": "altcoins. They are preparing and"}, {"start": "00:09:03", "end": "00:09:08", "text": "positioning for crypto in general, this"}, {"start": "00:09:05", "end": "00:09:10", "text": "entire asset class. So be prepared. be"}, {"start": "00:09:08", "end": "00:09:12", "text": "prepared for every scenario. If you came"}, {"start": "00:09:10", "end": "00:09:15", "text": "here, you're looking for an exact answer"}, {"start": "00:09:12", "end": "00:09:17", "text": "of man, what's going to happen next, I'm"}, {"start": "00:09:15", "end": "00:09:18", "text": "sorry, that's not that's not how I'm"}, {"start": "00:09:17", "end": "00:09:22", "text": "going to deliver the data, but I'm going"}, {"start": "00:09:18", "end": "00:09:24", "text": "to deliver the the data in that there's"}, {"start": "00:09:22", "end": "00:09:26", "text": "a bunch of different scenarios. Be"}, {"start": "00:09:24", "end": "00:09:28", "text": "ready, plan accordingly, position, hedge"}, {"start": "00:09:26", "end": "00:09:30", "text": "your risk, do what you need to do. We're"}, {"start": "00:09:28", "end": "00:09:32", "text": "all different, but I think the macro"}, {"start": "00:09:30", "end": "00:09:34", "text": "setup has never been more clear for"}, {"start": "00:09:32", "end": "00:09:36", "text": "crypto. So, these are my thoughts today."}, {"start": "00:09:34", "end": "00:09:38", "text": "I appreciate you cruising through. I"}, {"start": "00:09:36", "end": "00:09:40", "text": "will see you all in the next video. God"}, {"start": "00:09:38", "end": "00:09:40", "text": "bless."}]

[{"start": "00:00:02", "end": "00:00:06", "text": "What an evening."}, {"start": "00:00:04", "end": "00:00:07", "text": "A lot to talk about. Appreciate you"}, {"start": "00:00:06", "end": "00:00:09", "text": "cruising through everybody. I want to"}, {"start": "00:00:07", "end": "00:00:10", "text": "start the I want to start this video."}, {"start": "00:00:09", "end": "00:00:12", "text": "And by the way, if you're a replay"}, {"start": "00:00:10", "end": "00:00:14", "text": "viewer, I will put timestamps. There's a"}, {"start": "00:00:12", "end": "00:00:16", "text": "lot to go through. We're going to look"}, {"start": "00:00:14", "end": "00:00:18", "text": "at this post to start the video. I want"}, {"start": "00:00:16", "end": "00:00:19", "text": "to read it right at the beginning. I"}, {"start": "00:00:18", "end": "00:00:23", "text": "just saw it as I was going live."}, {"start": "00:00:19", "end": "00:00:27", "text": "Cautious optimism advised. Best to wait"}, {"start": "00:00:23", "end": "00:00:29", "text": "and see how the ceasefire plays out. And"}, {"start": "00:00:27", "end": "00:00:30", "text": "we're going to talk about this in terms"}, {"start": "00:00:29", "end": "00:00:32", "text": "of the bottoming structure of this"}, {"start": "00:00:30", "end": "00:00:35", "text": "cycle. It is so good to be cautious"}, {"start": "00:00:32", "end": "00:00:36", "text": "right now with optimism. And you know"}, {"start": "00:00:35", "end": "00:00:38", "text": "everybody, I'm one of the most"}, {"start": "00:00:36", "end": "00:00:39", "text": "optimistic people in the space. Enjoy"}, {"start": "00:00:38", "end": "00:00:41", "text": "the upside if you're holding, but no"}, {"start": "00:00:39", "end": "00:00:44", "text": "need to go all in yet. There will be"}, {"start": "00:00:41", "end": "00:00:48", "text": "many more opportunities to accumulate."}, {"start": "00:00:44", "end": "00:00:50", "text": "Don't FOMO. So, and in in regards to the"}, {"start": "00:00:48", "end": "00:00:52", "text": "title of my video, what I want to"}, {"start": "00:00:50", "end": "00:00:56", "text": "discuss is what happened tonight is a"}, {"start": "00:00:52", "end": "00:00:59", "text": "very big deal. And it's not it's not"}, {"start": "00:00:56", "end": "00:01:03", "text": "because of like green candles or some"}, {"start": "00:00:59", "end": "00:01:05", "text": "type of reaction to tonight's news."}, {"start": "00:01:03", "end": "00:01:08", "text": "Oil crashed after the news came out"}, {"start": "00:01:05", "end": "00:01:11", "text": "about the ceasefire almost 20% on the"}, {"start": "00:01:08", "end": "00:01:13", "text": "Trump Iran news, right? The ceasefire"}, {"start": "00:01:11", "end": "00:01:15", "text": "happened and all of a sudden you saw"}, {"start": "00:01:13", "end": "00:01:17", "text": "Bitcoin especially kind of just pumped"}, {"start": "00:01:15", "end": "00:01:19", "text": "out of nowhere. But here's the thing and"}, {"start": "00:01:17", "end": "00:01:22", "text": "I want to kind of echo what Dom is"}, {"start": "00:01:19", "end": "00:01:25", "text": "saying here. Don't get faked out by the"}, {"start": "00:01:22", "end": "00:01:28", "text": "short-term move because first off, we"}, {"start": "00:01:25", "end": "00:01:30", "text": "don't know in terms of the ceasefire."}, {"start": "00:01:28", "end": "00:01:32", "text": "Tomorrow in 24 hours, it could be over,"}, {"start": "00:01:30", "end": "00:01:34", "text": "right? We want to see the entire"}, {"start": "00:01:32", "end": "00:01:37", "text": "situation of this Middle East Iran"}, {"start": "00:01:34", "end": "00:01:39", "text": "conflict. We want to see it completely"}, {"start": "00:01:37", "end": "00:01:43", "text": "just over. That's what we want to see."}, {"start": "00:01:39", "end": "00:01:46", "text": "So, a ceasefire kind of presents itself"}, {"start": "00:01:43", "end": "00:01:47", "text": "with volatility. So ceasefire or not, I"}, {"start": "00:01:46", "end": "00:01:50", "text": "think we're still going to see"}, {"start": "00:01:47", "end": "00:01:52", "text": "volatility in these markets. But what"}, {"start": "00:01:50", "end": "00:01:53", "text": "tonight did prove, and this is what I"}, {"start": "00:01:52", "end": "00:01:55", "text": "want to talk about is basically what"}, {"start": "00:01:53", "end": "00:01:59", "text": "I've been telling you and doing in my"}, {"start": "00:01:55", "end": "00:02:03", "text": "analysis. Crypto is an absolute pressure"}, {"start": "00:01:59", "end": "00:02:05", "text": "cooker right now. Crypto is a pressure"}, {"start": "00:02:03", "end": "00:02:09", "text": "cooker. And we're going to look at this"}, {"start": "00:02:05", "end": "00:02:11", "text": "chart. This is the uh MACD on the total"}, {"start": "00:02:09", "end": "00:02:13", "text": "crypto market cap chart excluding"}, {"start": "00:02:11", "end": "00:02:16", "text": "Bitcoin and stable coins. We're going to"}, {"start": "00:02:13", "end": "00:02:17", "text": "look at this. It is a pressure cooker. I"}, {"start": "00:02:16", "end": "00:02:20", "text": "want to show you every time MACD made"}, {"start": "00:02:17", "end": "00:02:21", "text": "its move above the signal line in red, I"}, {"start": "00:02:20", "end": "00:02:24", "text": "want to show you the gains that followed"}, {"start": "00:02:21", "end": "00:02:26", "text": "across cycles. Be bearish. You know,"}, {"start": "00:02:24", "end": "00:02:29", "text": "think we're going to bottom in October."}, {"start": "00:02:26", "end": "00:02:30", "text": "That's fine. But I want to present"}, {"start": "00:02:29", "end": "00:02:32", "text": "charts like this because right now"}, {"start": "00:02:30", "end": "00:02:36", "text": "crypto is coiled and it really is"}, {"start": "00:02:32", "end": "00:02:37", "text": "waiting for a macro cycle expansion and"}, {"start": "00:02:36", "end": "00:02:40", "text": "business cycle and the PMI has a lot to"}, {"start": "00:02:37", "end": "00:02:41", "text": "do that do with that. the technicals as"}, {"start": "00:02:40", "end": "00:02:43", "text": "we're going to look at are lining up"}, {"start": "00:02:41", "end": "00:02:46", "text": "with that as well and macro indicators"}, {"start": "00:02:43", "end": "00:02:48", "text": "are lining up. So that's what I want to"}, {"start": "00:02:46", "end": "00:02:49", "text": "discuss in the video. But what I want to"}, {"start": "00:02:48", "end": "00:02:52", "text": "do is go through some headlines and then"}, {"start": "00:02:49", "end": "00:02:53", "text": "we'll kind of work our way through. So I"}, {"start": "00:02:52", "end": "00:02:54", "text": "appreciate you guys cruising through."}, {"start": "00:02:53", "end": "00:02:56", "text": "I'm going to be looking. Let me move"}, {"start": "00:02:54", "end": "00:02:58", "text": "this a little bit so I can see the"}, {"start": "00:02:56", "end": "00:03:00", "text": "comments. I'll be checking comments a"}, {"start": "00:02:58", "end": "00:03:02", "text": "little bit."}, {"start": "00:03:00", "end": "00:03:04", "text": "Um first time I actually catch one of"}, {"start": "00:03:02", "end": "00:03:07", "text": "these. I watch you for my permeable"}, {"start": "00:03:04", "end": "00:03:09", "text": "content. Appreciate you. Hopefully we"}, {"start": "00:03:07", "end": "00:03:10", "text": "see eight to10 dollars this year. I"}, {"start": "00:03:09", "end": "00:03:12", "text": "don't mind. I don't mind if people are"}, {"start": "00:03:10", "end": "00:03:14", "text": "watching me for my permabull content."}, {"start": "00:03:12", "end": "00:03:17", "text": "I'm so bullish and optimistic on the"}, {"start": "00:03:14", "end": "00:03:19", "text": "space everybody. But please like just"}, {"start": "00:03:17", "end": "00:03:20", "text": "I'm constantly talking about the"}, {"start": "00:03:19", "end": "00:03:22", "text": "downside and I want to talk about that"}, {"start": "00:03:20", "end": "00:03:24", "text": "in this video as well. That is the post"}, {"start": "00:03:22", "end": "00:03:27", "text": "QT dip that I started talking about in"}, {"start": "00:03:24", "end": "00:03:28", "text": "December. I think it's almost over along"}, {"start": "00:03:27", "end": "00:03:29", "text": "with the bottoming out of the bare"}, {"start": "00:03:28", "end": "00:03:31", "text": "market. So we're going to talk about"}, {"start": "00:03:29", "end": "00:03:34", "text": "that. But let's go through some of these"}, {"start": "00:03:31", "end": "00:03:36", "text": "things. Oil prices are crashing."}, {"start": "00:03:34", "end": "00:03:37", "text": "inflation expectations will evaporate"}, {"start": "00:03:36", "end": "00:03:39", "text": "with them. The panicans are defeated."}, {"start": "00:03:37", "end": "00:03:41", "text": "Once again, this is Anthony Pompiano. I"}, {"start": "00:03:39", "end": "00:03:44", "text": "would say he's also kind of a permable"}, {"start": "00:03:41", "end": "00:03:46", "text": "on the macro, but it it doesn't come"}, {"start": "00:03:44", "end": "00:03:48", "text": "without data or reason. Like there's a"}, {"start": "00:03:46", "end": "00:03:51", "text": "reason why I think Anthony is very"}, {"start": "00:03:48", "end": "00:03:52", "text": "bullish, and there's a reason why I'm"}, {"start": "00:03:51", "end": "00:03:55", "text": "very bullish, and a lot of the reasons"}, {"start": "00:03:52", "end": "00:03:57", "text": "are are exactly the same. I think a lot"}, {"start": "00:03:55", "end": "00:04:00", "text": "of people when these short-term events"}, {"start": "00:03:57", "end": "00:04:04", "text": "come into play like Iran, they turn it"}, {"start": "00:04:00", "end": "00:04:06", "text": "into it's it's a macro game over event"}, {"start": "00:04:04", "end": "00:04:08", "text": "when especially with somebody like Trump"}, {"start": "00:04:06", "end": "00:04:11", "text": "involved with these things. You think"}, {"start": "00:04:08", "end": "00:04:14", "text": "back a year ago with the tariff"}, {"start": "00:04:11", "end": "00:04:15", "text": "capitulation that we had. Trump is I in"}, {"start": "00:04:14", "end": "00:04:17", "text": "my opinion orchestrating these things"}, {"start": "00:04:15", "end": "00:04:18", "text": "whether you agree with it or not,"}, {"start": "00:04:17", "end": "00:04:21", "text": "whether you like it or not and at the"}, {"start": "00:04:18", "end": "00:04:24", "text": "same time with this war in Iran"}, {"start": "00:04:21", "end": "00:04:26", "text": "liberating an entire people. So, you"}, {"start": "00:04:24", "end": "00:04:29", "text": "know, there's there's a lot going on"}, {"start": "00:04:26", "end": "00:04:33", "text": "under the surface, but people get very"}, {"start": "00:04:29", "end": "00:04:35", "text": "wrapped up in terms of the shortterm"}, {"start": "00:04:33", "end": "00:04:37", "text": "repercussions of these things while the"}, {"start": "00:04:35", "end": "00:04:40", "text": "macro and the setup of the macro, I"}, {"start": "00:04:37", "end": "00:04:42", "text": "think, is presenting itself more and"}, {"start": "00:04:40", "end": "00:04:46", "text": "more bullish as the days advance. So,"}, {"start": "00:04:42", "end": "00:04:48", "text": "oil's oil crashed 23% to $91 in the past"}, {"start": "00:04:46", "end": "00:04:51", "text": "12 hours, the second largest single day"}, {"start": "00:04:48", "end": "00:04:55", "text": "crash since March 2020. Meanwhile,"}, {"start": "00:04:51", "end": "00:04:58", "text": "NASDAQ futures up over 2%. S&P futures"}, {"start": "00:04:55", "end": "00:05:00", "text": "over 2%. Dow futures almost 2%. Gold"}, {"start": "00:04:58", "end": "00:05:02", "text": "touching 4,800. Bitcoin trading above"}, {"start": "00:05:00", "end": "00:05:05", "text": "72,000. And by the way, right now,"}, {"start": "00:05:02", "end": "00:05:07", "text": "Bitcoin's around 716."}, {"start": "00:05:05", "end": "00:05:09", "text": "And I want to look at the Bitcoin charts"}, {"start": "00:05:07", "end": "00:05:10", "text": "in just a moment along with a bunch of"}, {"start": "00:05:09", "end": "00:05:13", "text": "other charts. But I want to continue"}, {"start": "00:05:10", "end": "00:05:15", "text": "tracking what's happening right now"}, {"start": "00:05:13", "end": "00:05:19", "text": "because I want to illustrate something"}, {"start": "00:05:15", "end": "00:05:21", "text": "for you. when this all started right"}, {"start": "00:05:19", "end": "00:05:23", "text": "this this war and everything was"}, {"start": "00:05:21", "end": "00:05:26", "text": "breaking out and oil was kind of going"}, {"start": "00:05:23", "end": "00:05:28", "text": "crazy back here and I I'm on an hourly"}, {"start": "00:05:26", "end": "00:05:30", "text": "chart just to illustrate to you how this"}, {"start": "00:05:28", "end": "00:05:33", "text": "has played out I made this post and I"}, {"start": "00:05:30", "end": "00:05:35", "text": "said only about 2 and a half% of oil in"}, {"start": "00:05:33", "end": "00:05:38", "text": "US comes through the straight of Hormuz"}, {"start": "00:05:35", "end": "00:05:41", "text": "so panic about oil shortage in US is"}, {"start": "00:05:38", "end": "00:05:45", "text": "overblown I thought it then I think it's"}, {"start": "00:05:41", "end": "00:05:47", "text": "still I really do and real quick before"}, {"start": "00:05:45", "end": "00:05:50", "text": "I continue I just want to Make sure my"}, {"start": "00:05:47", "end": "00:05:53", "text": "mic is I have the right mic. Okay."}, {"start": "00:05:50", "end": "00:05:55", "text": "Rising oil prices will be shortterm. So"}, {"start": "00:05:53", "end": "00:05:58", "text": "this was back here. It was oil was"}, {"start": "00:05:55", "end": "00:06:00", "text": "pumping again. When the war abruptly"}, {"start": "00:05:58", "end": "00:06:02", "text": "ends, watch how fast oil prices fall."}, {"start": "00:06:00", "end": "00:06:04", "text": "Potentially right through their previous"}, {"start": "00:06:02", "end": "00:06:06", "text": "floor. And you can just see this is the"}, {"start": "00:06:04", "end": "00:06:08", "text": "hourly chart. It's been a very volatile"}, {"start": "00:06:06", "end": "00:06:12", "text": "journey since I mean what again this was"}, {"start": "00:06:08", "end": "00:06:14", "text": "mid-Marchch when I posted that."}, {"start": "00:06:12", "end": "00:06:16", "text": "We need to revisit this post when the"}, {"start": "00:06:14", "end": "00:06:18", "text": "war ends. But right now we have a"}, {"start": "00:06:16", "end": "00:06:20", "text": "ceasefire. Look at the volatility and"}, {"start": "00:06:18", "end": "00:06:23", "text": "even most recently on the hourly oil"}, {"start": "00:06:20", "end": "00:06:26", "text": "rising above where from where I posted"}, {"start": "00:06:23", "end": "00:06:28", "text": "this, right? And then I saw this post"}, {"start": "00:06:26", "end": "00:06:31", "text": "just hours ago. How's the oil prediction"}, {"start": "00:06:28", "end": "00:06:32", "text": "going since couple of weeks? My oil"}, {"start": "00:06:31", "end": "00:06:36", "text": "prediction that I made a couple of weeks"}, {"start": "00:06:32", "end": "00:06:38", "text": "prior. How's that going?"}, {"start": "00:06:36", "end": "00:06:41", "text": "This is I'm not I'm actually not even"}, {"start": "00:06:38", "end": "00:06:43", "text": "doing this to call somebody out, but"}, {"start": "00:06:41", "end": "00:06:45", "text": "from that post that person made, oil"}, {"start": "00:06:43", "end": "00:06:47", "text": "just crashed because of a ceasefire. not"}, {"start": "00:06:45", "end": "00:06:50", "text": "even the end of this conflict, but a"}, {"start": "00:06:47", "end": "00:06:52", "text": "ceasefire. The reason I'm showing both"}, {"start": "00:06:50", "end": "00:06:55", "text": "of these posts, these two completely"}, {"start": "00:06:52", "end": "00:06:58", "text": "different takes on the market, is one is"}, {"start": "00:06:55", "end": "00:07:00", "text": "a short-term take, and I I'm so"}, {"start": "00:06:58", "end": "00:07:02", "text": "completely"}, {"start": "00:07:00", "end": "00:07:06", "text": "unsubscribed"}, {"start": "00:07:02", "end": "00:07:07", "text": "from from that that thought process."}, {"start": "00:07:06", "end": "00:07:10", "text": "People get so wrapped up. Look at this"}, {"start": "00:07:07", "end": "00:07:12", "text": "hourly chart. Oil pumping. Let's go"}, {"start": "00:07:10", "end": "00:07:14", "text": "throw hate at Dan or other people that"}, {"start": "00:07:12", "end": "00:07:16", "text": "are bullish on the macro. Oil's pumping."}, {"start": "00:07:14", "end": "00:07:18", "text": "It's game over. Oil is just going to"}, {"start": "00:07:16", "end": "00:07:21", "text": "keep going. It's going to $200. It's"}, {"start": "00:07:18", "end": "00:07:23", "text": "such a zoomed in thought process. And"}, {"start": "00:07:21", "end": "00:07:26", "text": "maybe the reason I'm so like anti-zoomed"}, {"start": "00:07:23", "end": "00:07:30", "text": "in is because maybe I I used to be very"}, {"start": "00:07:26", "end": "00:07:32", "text": "zoomed in person. It's stressful. It is"}, {"start": "00:07:30", "end": "00:07:34", "text": "so much more uncertain. The macro is"}, {"start": "00:07:32", "end": "00:07:37", "text": "uncertain enough, but it's stressful."}, {"start": "00:07:34", "end": "00:07:39", "text": "It's uncertain. And I think there's way"}, {"start": "00:07:37", "end": "00:07:42", "text": "more macro opportunity in the crypto"}, {"start": "00:07:39", "end": "00:07:45", "text": "space. So there's no use being zoomed"}, {"start": "00:07:42", "end": "00:07:49", "text": "in. So there are this is a visualization"}, {"start": "00:07:45", "end": "00:07:51", "text": "of of a micro zoomed in thought process"}, {"start": "00:07:49", "end": "00:07:53", "text": "which is this right and then a macro I'm"}, {"start": "00:07:51", "end": "00:07:56", "text": "a macro person and that's how I'm"}, {"start": "00:07:53", "end": "00:07:59", "text": "operating. Oil can pump again back to"}, {"start": "00:07:56", "end": "00:08:02", "text": "$117 in the next week if all of a sudden"}, {"start": "00:07:59", "end": "00:08:04", "text": "the ceasefire deal is not over but I"}, {"start": "00:08:02", "end": "00:08:06", "text": "still maintain this view because I don't"}, {"start": "00:08:04", "end": "00:08:10", "text": "think this is going to be like a year or"}, {"start": "00:08:06", "end": "00:08:12", "text": "two two years uh two years long worth of"}, {"start": "00:08:10", "end": "00:08:14", "text": "war. I just don't think that's going to"}, {"start": "00:08:12", "end": "00:08:16", "text": "happen. I don't think that's the game"}, {"start": "00:08:14", "end": "00:08:18", "text": "plan at all. And I think we're going to"}, {"start": "00:08:16", "end": "00:08:21", "text": "find out soon sooner and sooner or"}, {"start": "00:08:18", "end": "00:08:24", "text": "later. So that's that's that."}, {"start": "00:08:21", "end": "00:08:24", "text": "Um"}, {"start": "00:08:25", "end": "00:08:30", "text": "I want to continue on. So"}, {"start": "00:08:28", "end": "00:08:32", "text": "I saw this post and then we'll kind of"}, {"start": "00:08:30", "end": "00:08:33", "text": "get into more of the charts. This is"}, {"start": "00:08:32", "end": "00:08:36", "text": "from Meet Kevin. December futures"}, {"start": "00:08:33", "end": "00:08:38", "text": "indicate a 40.8% chance of rate cuts in"}, {"start": "00:08:36", "end": "00:08:41", "text": "December following ceasefire. This is a"}, {"start": "00:08:38", "end": "00:08:44", "text": "complete U-turn from the odds of rate"}, {"start": "00:08:41", "end": "00:08:46", "text": "hikes just two weeks ago. This is such a"}, {"start": "00:08:44", "end": "00:08:47", "text": "big thing. I'm moving my desk up, by the"}, {"start": "00:08:46", "end": "00:08:50", "text": "way, everybody. I'm so tired of sitting"}, {"start": "00:08:47", "end": "00:08:53", "text": "down. So, just bear with me for a"}, {"start": "00:08:50", "end": "00:08:56", "text": "second. December futures indicate a 40"}, {"start": "00:08:53", "end": "00:08:58", "text": "40.8% chance of rate cuts in December"}, {"start": "00:08:56", "end": "00:09:01", "text": "following the ceasefire. And it's a"}, {"start": "00:08:58", "end": "00:09:03", "text": "complete U-turn from just two weeks ago."}, {"start": "00:09:01", "end": "00:09:05", "text": "This is these are macro things. We're"}, {"start": "00:09:03", "end": "00:09:08", "text": "talking about rate cuts. That's a macro"}, {"start": "00:09:05", "end": "00:09:11", "text": "thing. things like that"}, {"start": "00:09:08", "end": "00:09:14", "text": "take complete U-turns"}, {"start": "00:09:11", "end": "00:09:16", "text": "when things like ceasefires happen. What"}, {"start": "00:09:14", "end": "00:09:18", "text": "happens when things like the end of the"}, {"start": "00:09:16", "end": "00:09:21", "text": "the absolute end of the war happens?"}, {"start": "00:09:18", "end": "00:09:24", "text": "What happens then? Just wait until you"}, {"start": "00:09:21", "end": "00:09:26", "text": "see. People think it is impossible that"}, {"start": "00:09:24", "end": "00:09:28", "text": "we're going to see rate cuts this year"}, {"start": "00:09:26", "end": "00:09:32", "text": "and it rate cuts are a part of my thesis"}, {"start": "00:09:28", "end": "00:09:34", "text": "for this year. the incoming Fed Wars."}, {"start": "00:09:32", "end": "00:09:38", "text": "It will play, in my opinion, directly"}, {"start": "00:09:34", "end": "00:09:40", "text": "into an economic boom along with the AI"}, {"start": "00:09:38", "end": "00:09:43", "text": "narrative and productivity that we've"}, {"start": "00:09:40", "end": "00:09:46", "text": "not seen since the '9s. That's part of"}, {"start": "00:09:43", "end": "00:09:48", "text": "my thesis and I respectfully say that."}, {"start": "00:09:46", "end": "00:09:50", "text": "That's just my opinion. I'm just putting"}, {"start": "00:09:48", "end": "00:09:52", "text": "it out there for you. You know, as we go"}, {"start": "00:09:50", "end": "00:09:55", "text": "into we're starting Q2, as we go into"}, {"start": "00:09:52", "end": "00:09:56", "text": "the rest of the year, maybe we look back"}, {"start": "00:09:55", "end": "00:09:59", "text": "in December and we're like, dude, Dan"}, {"start": "00:09:56", "end": "00:10:01", "text": "was so wrong. and that will just be what"}, {"start": "00:09:59", "end": "00:10:03", "text": "it is. But I think that is what is"}, {"start": "00:10:01", "end": "00:10:05", "text": "setting up right now. And I think"}, {"start": "00:10:03", "end": "00:10:08", "text": "economic activity is giving us hints of"}, {"start": "00:10:05", "end": "00:10:09", "text": "that. And I think really so many"}, {"start": "00:10:08", "end": "00:10:11", "text": "different macro data points are giving"}, {"start": "00:10:09", "end": "00:10:13", "text": "us hints of that. And I think people are"}, {"start": "00:10:11", "end": "00:10:16", "text": "so focused on the zoomed in. They're"}, {"start": "00:10:13", "end": "00:10:17", "text": "panicking. And"}, {"start": "00:10:16", "end": "00:10:19", "text": "I think I think there's going to be a"}, {"start": "00:10:17", "end": "00:10:21", "text": "major surprise. So with that being said,"}, {"start": "00:10:19", "end": "00:10:23", "text": "here is the PMI. Just a reminder, we've"}, {"start": "00:10:21", "end": "00:10:24", "text": "printed above 50. A few more weeks until"}, {"start": "00:10:23", "end": "00:10:26", "text": "the next print. It's going to be"}, {"start": "00:10:24", "end": "00:10:28", "text": "something to continue tracking on the"}, {"start": "00:10:26", "end": "00:10:31", "text": "monthly. But let's continue this video."}, {"start": "00:10:28", "end": "00:10:33", "text": "I want to start on um let's just start"}, {"start": "00:10:31", "end": "00:10:34", "text": "with Bitcoin. And I want to actually"}, {"start": "00:10:33", "end": "00:10:36", "text": "start with just this piece of news and"}, {"start": "00:10:34", "end": "00:10:40", "text": "then we'll look at the Bitcoin charts."}, {"start": "00:10:36", "end": "00:10:44", "text": "Um Morgan Stanley Bitcoin ETF goes live"}, {"start": "00:10:40", "end": "00:10:47", "text": "tomorrow. My thoughts on it, it's crazy."}, {"start": "00:10:44", "end": "00:10:49", "text": "It's crazy to me."}, {"start": "00:10:47", "end": "00:10:50", "text": "And"}, {"start": "00:10:49", "end": "00:10:51", "text": "there's reason there's a bunch of"}, {"start": "00:10:50", "end": "00:10:54", "text": "reasons why it's crazy. Number one, it's"}, {"start": "00:10:51", "end": "00:10:56", "text": "Morgan Stanley, right? I know it's not"}, {"start": "00:10:54", "end": "00:10:59", "text": "the first ETF for Bitcoin. It's Morgan"}, {"start": "00:10:56", "end": "00:11:01", "text": "Stanley. But check out these points real"}, {"start": "00:10:59", "end": "00:11:02", "text": "quick."}, {"start": "00:11:01", "end": "00:11:04", "text": "Shares of the Morgan Stanley Bitcoin"}, {"start": "00:11:02", "end": "00:11:06", "text": "Trust are scheduled to begin trading on"}, {"start": "00:11:04", "end": "00:11:08", "text": "the New York Stock Exchange tomorrow,"}, {"start": "00:11:06", "end": "00:11:11", "text": "April 8th. I know crypto is the worst"}, {"start": "00:11:08", "end": "00:11:13", "text": "lately, everybody."}, {"start": "00:11:11", "end": "00:11:17", "text": "But like, I stand here and I just can't."}, {"start": "00:11:13", "end": "00:11:20", "text": "It's so hard for me to get bearish or be"}, {"start": "00:11:17", "end": "00:11:22", "text": "negative about the space because this is"}, {"start": "00:11:20", "end": "00:11:23", "text": "the first cycle where things have been"}, {"start": "00:11:22", "end": "00:11:26", "text": "really bad and these things are"}, {"start": "00:11:23", "end": "00:11:29", "text": "happening. And that's something I pay"}, {"start": "00:11:26", "end": "00:11:33", "text": "attention to and for me it's on the"}, {"start": "00:11:29", "end": "00:11:34", "text": "macro. I I envision like man"}, {"start": "00:11:33", "end": "00:11:36", "text": "I don't want to miss out on what I think"}, {"start": "00:11:34", "end": "00:11:37", "text": "is going to happen in crypto even though"}, {"start": "00:11:36", "end": "00:11:39", "text": "it's not within like the time frame that"}, {"start": "00:11:37", "end": "00:11:41", "text": "we all want."}, {"start": "00:11:39", "end": "00:11:43", "text": "It will be the first Bitcoin ETF"}, {"start": "00:11:41", "end": "00:11:46", "text": "launched by a major US commercial bank"}, {"start": "00:11:43", "end": "00:11:48", "text": "and will receive day one distribution"}, {"start": "00:11:46", "end": "00:11:50", "text": "across 16,000 financial advisors"}, {"start": "00:11:48", "end": "00:11:53", "text": "overseeing $6.2 trillion in client"}, {"start": "00:11:50", "end": "00:11:56", "text": "assets. The fund will charge fees and"}, {"start": "00:11:53", "end": "00:11:58", "text": "this is awesome of just 14 basis points"}, {"start": "00:11:56", "end": "00:12:01", "text": "undercutting Black Rockck's IBIT the"}, {"start": "00:11:58", "end": "00:12:03", "text": "current market leader by 11 basis"}, {"start": "00:12:01", "end": "00:12:06", "text": "points. So the fees are incredibly low"}, {"start": "00:12:03", "end": "00:12:08", "text": "on this. So, not only are they the first"}, {"start": "00:12:06", "end": "00:12:10", "text": "in terms of the first major US"}, {"start": "00:12:08", "end": "00:12:12", "text": "commercial bank doing this and launching"}, {"start": "00:12:10", "end": "00:12:15", "text": "this, not only do they have $6.2"}, {"start": "00:12:12", "end": "00:12:17", "text": "trillion in client assets, but they're"}, {"start": "00:12:15", "end": "00:12:19", "text": "going to have like the lowest fees."}, {"start": "00:12:17", "end": "00:12:22", "text": "That's a big deal. And it's a very big"}, {"start": "00:12:19", "end": "00:12:26", "text": "deal as the Bitcoin chart looks like"}, {"start": "00:12:22", "end": "00:12:28", "text": "this. Look at the MACD right here."}, {"start": "00:12:26", "end": "00:12:30", "text": "Look at the MACD right there next to my"}, {"start": "00:12:28", "end": "00:12:33", "text": "face."}, {"start": "00:12:30", "end": "00:12:35", "text": "This is the Bitcoin MACD."}, {"start": "00:12:33", "end": "00:12:37", "text": "I don't know if we go lower. I actually"}, {"start": "00:12:35", "end": "00:12:40", "text": "the the reason for my warning in I think"}, {"start": "00:12:37", "end": "00:12:43", "text": "in the title or the thumbnail is because"}, {"start": "00:12:40", "end": "00:12:44", "text": "there is such a strong possibility. And"}, {"start": "00:12:43", "end": "00:12:47", "text": "by the way, I want to look at Bitcoin"}, {"start": "00:12:44", "end": "00:12:48", "text": "chart, Ethereum, Cardano, SWE. I want to"}, {"start": "00:12:47", "end": "00:12:50", "text": "look at altcoin market cap chart and"}, {"start": "00:12:48", "end": "00:12:52", "text": "talk about that. I want to look at the"}, {"start": "00:12:50", "end": "00:12:54", "text": "charts to talk about, man, can we turn"}, {"start": "00:12:52", "end": "00:12:56", "text": "this thing around for the bulls? And if"}, {"start": "00:12:54", "end": "00:12:59", "text": "not, how how much how choppy is this"}, {"start": "00:12:56", "end": "00:13:03", "text": "going to be? But my point of the"}, {"start": "00:12:59", "end": "00:13:06", "text": "thumbnail is to be careful. Don't get"}, {"start": "00:13:03", "end": "00:13:08", "text": "wrapped up in the short-term bounce. We"}, {"start": "00:13:06", "end": "00:13:10", "text": "need the structure and the structure"}, {"start": "00:13:08", "end": "00:13:12", "text": "could look different. I do not think"}, {"start": "00:13:10", "end": "00:13:14", "text": "it's a good idea to just take the"}, {"start": "00:13:12", "end": "00:13:15", "text": "fractal of the last bare market and say"}, {"start": "00:13:14", "end": "00:13:17", "text": "this is what it's going to look like."}, {"start": "00:13:15", "end": "00:13:19", "text": "You know, it's just going to look like"}, {"start": "00:13:17", "end": "00:13:21", "text": "this months more in October we bottom."}, {"start": "00:13:19", "end": "00:13:23", "text": "Don't think it's a good idea. Why? Why"}, {"start": "00:13:21", "end": "00:13:25", "text": "not take 2018 bottom which is way"}, {"start": "00:13:23", "end": "00:13:28", "text": "quicker and like a V-shaped bottom,"}, {"start": "00:13:25", "end": "00:13:32", "text": "right? Why not take my thesis which is"}, {"start": "00:13:28", "end": "00:13:36", "text": "the the postquantitative type uh post"}, {"start": "00:13:32", "end": "00:13:38", "text": "post quantitative tightening dip bottom?"}, {"start": "00:13:36", "end": "00:13:39", "text": "Why not take a previous cycle bottom?"}, {"start": "00:13:38", "end": "00:13:42", "text": "It's going to look we it's going to look"}, {"start": "00:13:39", "end": "00:13:45", "text": "different at the end of the day in"}, {"start": "00:13:42", "end": "00:13:47", "text": "hindsight. It's going to look different."}, {"start": "00:13:45", "end": "00:13:50", "text": "But what I do know is when Bitcoin is"}, {"start": "00:13:47", "end": "00:13:54", "text": "doing this on a MACD,"}, {"start": "00:13:50", "end": "00:13:57", "text": "I don't know. It's not the time to to be"}, {"start": "00:13:54", "end": "00:14:00", "text": "doom and gloom. It never has been. So"}, {"start": "00:13:57", "end": "00:14:02", "text": "why this cycle? It would be when Morgan"}, {"start": "00:14:00", "end": "00:14:04", "text": "Stanley is getting on board and Bitcoin"}, {"start": "00:14:02", "end": "00:14:06", "text": "and crypto is being institutionalized."}, {"start": "00:14:04", "end": "00:14:09", "text": "And I know a lot of people don't like"}, {"start": "00:14:06", "end": "00:14:12", "text": "it, but the amount of capital that that"}, {"start": "00:14:09", "end": "00:14:14", "text": "will bring into this very low valued"}, {"start": "00:14:12", "end": "00:14:16", "text": "space because again, I mean, if you look"}, {"start": "00:14:14", "end": "00:14:18", "text": "at the the total crypto market cap"}, {"start": "00:14:16", "end": "00:14:21", "text": "excluding Bitcoin and stable coins, it's"}, {"start": "00:14:18", "end": "00:14:24", "text": "not even a trillion dollars. everybody"}, {"start": "00:14:21", "end": "00:14:26", "text": "when capital starts pouring in on top of"}, {"start": "00:14:24", "end": "00:14:29", "text": "a typical"}, {"start": "00:14:26", "end": "00:14:31", "text": "economic expansion cycle which I think"}, {"start": "00:14:29", "end": "00:14:34", "text": "is getting ready to happen. I just think"}, {"start": "00:14:31", "end": "00:14:37", "text": "this is so this is just such epic"}, {"start": "00:14:34", "end": "00:14:40", "text": "opportunity. I really just do."}, {"start": "00:14:37", "end": "00:14:40", "text": "So"}, {"start": "00:14:41", "end": "00:14:47", "text": "I need to get some mods in here. I just"}, {"start": "00:14:43", "end": "00:14:47", "text": "banned somebody."}, {"start": "00:14:48", "end": "00:14:51", "text": "Let's go, Dan. And long-term people are"}, {"start": "00:14:50", "end": "00:14:54", "text": "sleeping on solid projects here to"}, {"start": "00:14:51", "end": "00:14:54", "text": "accumulate."}, {"start": "00:15:05", "end": "00:15:07", "text": "All right. I'm sorry. I'm getting"}, {"start": "00:15:06", "end": "00:15:10", "text": "distracted. I like reading the comments."}, {"start": "00:15:07", "end": "00:15:12", "text": "What can I say? All right. So, so this"}, {"start": "00:15:10", "end": "00:15:14", "text": "is Bitcoin on the weekly. So, I'm sorry."}, {"start": "00:15:12", "end": "00:15:15", "text": "This is the total crypto market cap on"}, {"start": "00:15:14", "end": "00:15:16", "text": "the weekly. This is all coins. We're"}, {"start": "00:15:15", "end": "00:15:18", "text": "going to come back to this cuz what I"}, {"start": "00:15:16", "end": "00:15:21", "text": "want to do is I want to look at when"}, {"start": "00:15:18", "end": "00:15:23", "text": "this MACD line gets above that signal"}, {"start": "00:15:21", "end": "00:15:25", "text": "line, what has happened previously in"}, {"start": "00:15:23", "end": "00:15:26", "text": "terms of gains and I want to go I want"}, {"start": "00:15:25", "end": "00:15:30", "text": "to go back cycles, but I want to go back"}, {"start": "00:15:26", "end": "00:15:31", "text": "real quick to uh the Bitcoin chart. I"}, {"start": "00:15:30", "end": "00:15:33", "text": "saw this post over here from Chad. If"}, {"start": "00:15:31", "end": "00:15:35", "text": "Bitcoin's monthly Ballinger bands are"}, {"start": "00:15:33", "end": "00:15:38", "text": "going to start their expansion after"}, {"start": "00:15:35", "end": "00:15:39", "text": "squeezing the hardest they ever have,"}, {"start": "00:15:38", "end": "00:15:43", "text": "that move is going to be like nothing"}, {"start": "00:15:39", "end": "00:15:44", "text": "you've ever seen before. And I agree."}, {"start": "00:15:43", "end": "00:15:47", "text": "And what would be interesting is if Chad"}, {"start": "00:15:44", "end": "00:15:48", "text": "had the PMI business cycle overlaid on"}, {"start": "00:15:47", "end": "00:15:51", "text": "this chart. That would be very"}, {"start": "00:15:48", "end": "00:15:53", "text": "interesting. You can just see Bitcoin is"}, {"start": "00:15:51", "end": "00:15:54", "text": "squeezed. I don't use Ballinger bands a"}, {"start": "00:15:53", "end": "00:15:56", "text": "lot. That's why I like when I see posts"}, {"start": "00:15:54", "end": "00:15:59", "text": "like this, I'll bring them up. It is"}, {"start": "00:15:56", "end": "00:16:03", "text": "squeezed to the lower range in a way"}, {"start": "00:15:59", "end": "00:16:04", "text": "like we've not seen number one. But with"}, {"start": "00:16:03", "end": "00:16:09", "text": "that happening,"}, {"start": "00:16:04", "end": "00:16:10", "text": "if you look at the PMI, this green line,"}, {"start": "00:16:09", "end": "00:16:12", "text": "again, I know many people disagree, many"}, {"start": "00:16:10", "end": "00:16:16", "text": "people don't think it means anything,"}, {"start": "00:16:12", "end": "00:16:18", "text": "but if we get an expansion of PMI"}, {"start": "00:16:16", "end": "00:16:21", "text": "with that Ballinger band indicator doing"}, {"start": "00:16:18", "end": "00:16:24", "text": "what it's doing with MACD down here"}, {"start": "00:16:21", "end": "00:16:26", "text": "doing what it's doing, I don't know. I I"}, {"start": "00:16:24", "end": "00:16:28", "text": "think it's a I don't think it's the best"}, {"start": "00:16:26", "end": "00:16:32", "text": "time to be bearish. The best time to be"}, {"start": "00:16:28", "end": "00:16:34", "text": "bearish, by the way, would be up here,"}, {"start": "00:16:32", "end": "00:16:37", "text": "right? That's the best time to be"}, {"start": "00:16:34", "end": "00:16:39", "text": "bearish. Not on the complete opposite"}, {"start": "00:16:37", "end": "00:16:41", "text": "end of the spectre spectrum. The best"}, {"start": "00:16:39", "end": "00:16:44", "text": "time to be bullish is absolutely in"}, {"start": "00:16:41", "end": "00:16:45", "text": "moments like this. And listen, we can go"}, {"start": "00:16:44", "end": "00:16:48", "text": "lower. We can put in some type of"}, {"start": "00:16:45", "end": "00:16:49", "text": "structure to form a bottom, but these"}, {"start": "00:16:48", "end": "00:16:51", "text": "are the best times to be bullish in my"}, {"start": "00:16:49", "end": "00:16:53", "text": "opinion. That's what I'm going to do in"}, {"start": "00:16:51", "end": "00:16:55", "text": "the space. It's either for me it's"}, {"start": "00:16:53", "end": "00:16:57", "text": "bullish on on the macro and crypto is"}, {"start": "00:16:55", "end": "00:16:59", "text": "going to do good or it's just like it's"}, {"start": "00:16:57", "end": "00:17:02", "text": "just going to fail. That's kind of what"}, {"start": "00:16:59", "end": "00:17:03", "text": "it is for me right now. So, I want to"}, {"start": "00:17:02", "end": "00:17:05", "text": "look at before we look at altcoins but"}, {"start": "00:17:03", "end": "00:17:06", "text": "having a little bit to do with altcoins."}, {"start": "00:17:05", "end": "00:17:08", "text": "I want to mention something on the"}, {"start": "00:17:06", "end": "00:17:10", "text": "Bitcoin dominance chart. I know I'm"}, {"start": "00:17:08", "end": "00:17:13", "text": "hopping all over the place right now."}, {"start": "00:17:10", "end": "00:17:15", "text": "Um, dude, that's messed up. You're here"}, {"start": "00:17:13", "end": "00:17:18", "text": "for the haters. What's up with that?"}, {"start": "00:17:15", "end": "00:17:22", "text": "Like, come on."}, {"start": "00:17:18", "end": "00:17:22", "text": "I probably would be too."}, {"start": "00:17:22", "end": "00:17:29", "text": "I mean, I think I I am like I I go to my"}, {"start": "00:17:26", "end": "00:17:32", "text": "notifications like to to see the haters."}, {"start": "00:17:29", "end": "00:17:35", "text": "So, I'm kind of like in that boat."}, {"start": "00:17:32", "end": "00:17:37", "text": "Ben and Meet Kevin are the only guys you"}, {"start": "00:17:35", "end": "00:17:39", "text": "need to watch. Thanks, dude. Appreciate"}, {"start": "00:17:37", "end": "00:17:41", "text": "you. Will listen to Bitcoin Bitcoin"}, {"start": "00:17:39", "end": "00:17:43", "text": "dominance. I want to make a a note and"}, {"start": "00:17:41", "end": "00:17:45", "text": "you would probably never guess this in"}, {"start": "00:17:43", "end": "00:17:46", "text": "terms of what I'm thinking. I think"}, {"start": "00:17:45", "end": "00:17:49", "text": "there's a very strong possibility"}, {"start": "00:17:46", "end": "00:17:51", "text": "Bitcoin starts um actually making a move"}, {"start": "00:17:49", "end": "00:17:52", "text": "to the upside on Bitcoin dominance. I"}, {"start": "00:17:51", "end": "00:17:54", "text": "know a lot of the consensus when you"}, {"start": "00:17:52", "end": "00:17:56", "text": "look at this chart, Bitcoin dominance,"}, {"start": "00:17:54", "end": "00:18:00", "text": "we've never seen anything like this."}, {"start": "00:17:56", "end": "00:18:03", "text": "Look at the sideways. It's insane. Um"}, {"start": "00:18:00", "end": "00:18:05", "text": "we're talking since like August. Like"}, {"start": "00:18:03", "end": "00:18:08", "text": "it's it's absolute fake out mode right"}, {"start": "00:18:05", "end": "00:18:10", "text": "now. I think there's a very strong case"}, {"start": "00:18:08", "end": "00:18:12", "text": "we see Bitcoin dominance. And I'm going"}, {"start": "00:18:10", "end": "00:18:15", "text": "to have to clip this and show this in a"}, {"start": "00:18:12", "end": "00:18:16", "text": "video. If and when it happens, Bitcoin"}, {"start": "00:18:15", "end": "00:18:19", "text": "dominance, a move to the upside would"}, {"start": "00:18:16", "end": "00:18:21", "text": "make a lot of sense right now. Um,"}, {"start": "00:18:19", "end": "00:18:24", "text": "couple reasons. Number one, last cycle"}, {"start": "00:18:21", "end": "00:18:26", "text": "before before an absolute crazy bull"}, {"start": "00:18:24", "end": "00:18:28", "text": "market. Bitcoin dominance did that."}, {"start": "00:18:26", "end": "00:18:29", "text": "Number one, a quick move to the upside."}, {"start": "00:18:28", "end": "00:18:31", "text": "You might have thought, man, all coin"}, {"start": "00:18:29", "end": "00:18:33", "text": "season starting. Nope. One quick move"}, {"start": "00:18:31", "end": "00:18:34", "text": "for Bitcoin dominance. If you remember"}, {"start": "00:18:33", "end": "00:18:36", "text": "Bitcoin breaking those bull market"}, {"start": "00:18:34", "end": "00:18:37", "text": "doors, that was the that was the"}, {"start": "00:18:36", "end": "00:18:39", "text": "beginning of a bull market and then"}, {"start": "00:18:37", "end": "00:18:41", "text": "altcoins took off. But it's not only"}, {"start": "00:18:39", "end": "00:18:44", "text": "that move that's making me, you know,"}, {"start": "00:18:41", "end": "00:18:48", "text": "let's see a move for Bitcoin dominance"}, {"start": "00:18:44", "end": "00:18:50", "text": "upside, but it's also postquantitative"}, {"start": "00:18:48", "end": "00:18:54", "text": "tightening last cycle. So on this chart"}, {"start": "00:18:50", "end": "00:18:58", "text": "was right end of July 2019. So it's"}, {"start": "00:18:54", "end": "00:18:59", "text": "actually like right here post QT last"}, {"start": "00:18:58", "end": "00:19:01", "text": "cycle, Bitcoin dominance started"}, {"start": "00:18:59", "end": "00:19:04", "text": "falling."}, {"start": "00:19:01", "end": "00:19:06", "text": "But I want you to just see,"}, {"start": "00:19:04", "end": "00:19:10", "text": "not only did it pump here, but around"}, {"start": "00:19:06", "end": "00:19:11", "text": "January, February of 2020, it actually"}, {"start": "00:19:10", "end": "00:19:15", "text": "started making a little move to the"}, {"start": "00:19:11", "end": "00:19:17", "text": "upside. If we go and we look at a"}, {"start": "00:19:15", "end": "00:19:19", "text": "Bitcoin chart right now, right, we are"}, {"start": "00:19:17", "end": "00:19:21", "text": "in postquantitative tightening dip that"}, {"start": "00:19:19", "end": "00:19:23", "text": "I've been talking about since December."}, {"start": "00:19:21", "end": "00:19:25", "text": "We're in it. Here's what it looked like"}, {"start": "00:19:23", "end": "00:19:27", "text": "back then on the Bitcoin chart. Post QT"}, {"start": "00:19:25", "end": "00:19:30", "text": "dip falling, falling, falling. and"}, {"start": "00:19:27", "end": "00:19:33", "text": "markets did start rebounding in January"}, {"start": "00:19:30", "end": "00:19:35", "text": "2020, right? And there's that pump to"}, {"start": "00:19:33", "end": "00:19:37", "text": "the upside. Now, Bitcoin dominance was"}, {"start": "00:19:35", "end": "00:19:39", "text": "pumping to the upside with that move. If"}, {"start": "00:19:37", "end": "00:19:42", "text": "we get a crypto pump to the upside now,"}, {"start": "00:19:39", "end": "00:19:45", "text": "post QT, very similar time frame, very"}, {"start": "00:19:42", "end": "00:19:47", "text": "close. It was like 147 days um back"}, {"start": "00:19:45", "end": "00:19:51", "text": "then. We're very close to 147 days right"}, {"start": "00:19:47", "end": "00:19:52", "text": "now. If markets start making a move, I'm"}, {"start": "00:19:51", "end": "00:19:54", "text": "not saying a bull market is starting,"}, {"start": "00:19:52", "end": "00:19:57", "text": "but we're actually seeing Bitcoin start"}, {"start": "00:19:54", "end": "00:19:59", "text": "testing key areas like even the 50WE at"}, {"start": "00:19:57", "end": "00:20:01", "text": "$98,000."}, {"start": "00:19:59", "end": "00:20:03", "text": "Maybe it's a 20we at 78,000, right? A"}, {"start": "00:20:01", "end": "00:20:05", "text": "$7,000 move. We're just like making a"}, {"start": "00:20:03", "end": "00:20:08", "text": "move in between, we're testing a key"}, {"start": "00:20:05", "end": "00:20:10", "text": "macro area."}, {"start": "00:20:08", "end": "00:20:11", "text": "If that move happens for Bitcoin, I"}, {"start": "00:20:10", "end": "00:20:13", "text": "really just wouldn't be surprised if"}, {"start": "00:20:11", "end": "00:20:15", "text": "during the move, Bitcoin dominance"}, {"start": "00:20:13", "end": "00:20:17", "text": "actually is just outperforming a little"}, {"start": "00:20:15", "end": "00:20:19", "text": "bit. And within this Fibonacci range,"}, {"start": "00:20:17", "end": "00:20:20", "text": "it's a macro lower high Fibonacci. I"}, {"start": "00:20:19", "end": "00:20:22", "text": "don't know exactly where it would go,"}, {"start": "00:20:20", "end": "00:20:24", "text": "but it's just something I'm anticipating"}, {"start": "00:20:22", "end": "00:20:25", "text": "and I wanted to throw that idea out"}, {"start": "00:20:24", "end": "00:20:27", "text": "there for you. I think a lot of people"}, {"start": "00:20:25", "end": "00:20:31", "text": "right now, and it's fun to think this,"}, {"start": "00:20:27", "end": "00:20:33", "text": "are just like, \"Dude, this chart is"}, {"start": "00:20:31", "end": "00:20:35", "text": "ready to capitulate.\" And it does look I"}, {"start": "00:20:33", "end": "00:20:36", "text": "mean, it does look like it. I just think"}, {"start": "00:20:35", "end": "00:20:38", "text": "there's a very strong case Bitcoin"}, {"start": "00:20:36", "end": "00:20:40", "text": "dominance pumps. So, please do not be"}, {"start": "00:20:38", "end": "00:20:45", "text": "surprised if Bitcoin starts moving to"}, {"start": "00:20:40", "end": "00:20:47", "text": "the upside and altcoins don't. Okay? It"}, {"start": "00:20:45", "end": "00:20:49", "text": "could be a very good tell and a good"}, {"start": "00:20:47", "end": "00:20:51", "text": "signal for altcoins. If that happens, it"}, {"start": "00:20:49", "end": "00:20:52", "text": "won't feel like it. But if Bitcoin"}, {"start": "00:20:51", "end": "00:20:54", "text": "dominance starts doing that, do not be"}, {"start": "00:20:52", "end": "00:20:58", "text": "surprised at all. Um, it could be the"}, {"start": "00:20:54", "end": "00:21:00", "text": "setup for finally an altcoin season. Um,"}, {"start": "00:20:58", "end": "00:21:01", "text": "so I wanted to bring that up. Let's talk"}, {"start": "00:21:00", "end": "00:21:05", "text": "about some altcoins. I want to look at"}, {"start": "00:21:01", "end": "00:21:06", "text": "Ethereum. Um, Ethereum right now, dude,"}, {"start": "00:21:05", "end": "00:21:08", "text": "all these charts, if you just look at"}, {"start": "00:21:06", "end": "00:21:11", "text": "this MACD across the board, look at this"}, {"start": "00:21:08", "end": "00:21:13", "text": "MACD getting ready to make a move above"}, {"start": "00:21:11", "end": "00:21:16", "text": "the signal line. The thing on Ethereum"}, {"start": "00:21:13", "end": "00:21:20", "text": "that I want to make a make a note of is"}, {"start": "00:21:16", "end": "00:21:23", "text": "um the difference of this move because"}, {"start": "00:21:20", "end": "00:21:24", "text": "it's very obvious. It's like okay well"}, {"start": "00:21:23", "end": "00:21:26", "text": "this potentially might happen. It just"}, {"start": "00:21:24", "end": "00:21:28", "text": "happened here and this was actually a"}, {"start": "00:21:26", "end": "00:21:31", "text": "year ago. This was the tariff"}, {"start": "00:21:28", "end": "00:21:33", "text": "capitulation. So it's almost like we"}, {"start": "00:21:31", "end": "00:21:36", "text": "have like Iran war capitulation. We have"}, {"start": "00:21:33", "end": "00:21:38", "text": "tariff capitulation. Um interestingly"}, {"start": "00:21:36", "end": "00:21:41", "text": "enough back here it was actually tariff"}, {"start": "00:21:38", "end": "00:21:43", "text": "Trump tariff capitulation in 2018."}, {"start": "00:21:41", "end": "00:21:46", "text": "There's always like these things,"}, {"start": "00:21:43", "end": "00:21:48", "text": "but the difference is between this move"}, {"start": "00:21:46", "end": "00:21:49", "text": "and currently it's kind of like, all"}, {"start": "00:21:48", "end": "00:21:53", "text": "right, well that could be a really good"}, {"start": "00:21:49", "end": "00:21:55", "text": "move. Um, last time that was a 245% move"}, {"start": "00:21:53", "end": "00:21:59", "text": "for Ethereum. It's a good way to look at"}, {"start": "00:21:55", "end": "00:22:01", "text": "it. I mean, these MACD crosses, they"}, {"start": "00:21:59", "end": "00:22:05", "text": "make they lead to nice moves. Difference"}, {"start": "00:22:01", "end": "00:22:08", "text": "is business cycle and we won't know"}, {"start": "00:22:05", "end": "00:22:09", "text": "unless this plays out"}, {"start": "00:22:08", "end": "00:22:11", "text": "if this is meaningful like I think it"}, {"start": "00:22:09", "end": "00:22:14", "text": "is."}, {"start": "00:22:11", "end": "00:22:17", "text": "right now if this is the beginning of"}, {"start": "00:22:14", "end": "00:22:21", "text": "expansion and by the way the"}, {"start": "00:22:17", "end": "00:22:25", "text": "war with Iran the pumping of oil"}, {"start": "00:22:21", "end": "00:22:27", "text": "it might on the short term stall this"}, {"start": "00:22:25", "end": "00:22:29", "text": "right we might see a a kind of a a"}, {"start": "00:22:27", "end": "00:22:32", "text": "pullback on the PMI but it doesn't mean"}, {"start": "00:22:29", "end": "00:22:39", "text": "the macro trend is not up at this moment"}, {"start": "00:22:32", "end": "00:22:41", "text": "after years of contraction since 2021"}, {"start": "00:22:39", "end": "00:22:44", "text": "top Right. What I'm saying is on the"}, {"start": "00:22:41", "end": "00:22:46", "text": "macro, we're we're getting ready to see"}, {"start": "00:22:44", "end": "00:22:49", "text": "expansion. That's the difference of this"}, {"start": "00:22:46", "end": "00:22:51", "text": "MACD move for Ethereum this time"}, {"start": "00:22:49", "end": "00:22:53", "text": "compared to something like this one"}, {"start": "00:22:51", "end": "00:22:56", "text": "because we were still in contraction on"}, {"start": "00:22:53", "end": "00:22:58", "text": "that one or even this one. We were still"}, {"start": "00:22:56", "end": "00:23:03", "text": "in contraction on that one. You can see"}, {"start": "00:22:58", "end": "00:23:04", "text": "Ethereum moved with the PMI, right? And"}, {"start": "00:23:03", "end": "00:23:07", "text": "I don't think it's I don't think it's"}, {"start": "00:23:04", "end": "00:23:09", "text": "PMI following Ethereum. I think it's"}, {"start": "00:23:07", "end": "00:23:11", "text": "crypto following the PMI in the business"}, {"start": "00:23:09", "end": "00:23:14", "text": "cycle. That's what I think is happening"}, {"start": "00:23:11", "end": "00:23:19", "text": "here. So really, there's a potential"}, {"start": "00:23:14", "end": "00:23:22", "text": "where this MACD move, right, could be a"}, {"start": "00:23:19", "end": "00:23:24", "text": "a most similar setup to the MACD move"}, {"start": "00:23:22", "end": "00:23:27", "text": "that happened for Ethereum back here,"}, {"start": "00:23:24", "end": "00:23:31", "text": "which was at the beginning of expansion."}, {"start": "00:23:27", "end": "00:23:35", "text": "And that would be an expansion uh cycle"}, {"start": "00:23:31", "end": "00:23:38", "text": "for the for PMI, which led to a bull"}, {"start": "00:23:35", "end": "00:23:39", "text": "market for crypto. So that's Ethereum. I"}, {"start": "00:23:38", "end": "00:23:41", "text": "want to look at Cardano and then I want"}, {"start": "00:23:39", "end": "00:23:46", "text": "to look at SU. So on Cardano, what I"}, {"start": "00:23:41", "end": "00:23:48", "text": "want to talk about is um"}, {"start": "00:23:46", "end": "00:23:49", "text": "trying to think how to word this. Like"}, {"start": "00:23:48", "end": "00:23:51", "text": "if you look at a Cardano chart, it's"}, {"start": "00:23:49", "end": "00:23:53", "text": "like, oh man, dude, we're so close. Like"}, {"start": "00:23:51", "end": "00:23:54", "text": "we're we're almost there. And this plays"}, {"start": "00:23:53", "end": "00:23:57", "text": "directly into the warning of this video"}, {"start": "00:23:54", "end": "00:24:00", "text": "for just the macro setup of the bottom"}, {"start": "00:23:57", "end": "00:24:02", "text": "to be careful. It's a warning to let the"}, {"start": "00:24:00", "end": "00:24:04", "text": "structure form. I don't know what the"}, {"start": "00:24:02", "end": "00:24:05", "text": "structure will look like. I I think it"}, {"start": "00:24:04", "end": "00:24:08", "text": "will look different than any other cycle"}, {"start": "00:24:05", "end": "00:24:11", "text": "for the bottom of this bare market. But"}, {"start": "00:24:08", "end": "00:24:12", "text": "the warning is to let it form, okay?"}, {"start": "00:24:11", "end": "00:24:15", "text": "Don't"}, {"start": "00:24:12", "end": "00:24:17", "text": "for me, I'm talking to myself like don't"}, {"start": "00:24:15", "end": "00:24:19", "text": "get ahead of yourself."}, {"start": "00:24:17", "end": "00:24:22", "text": "I'm macro bullish. Obviously, I'm very"}, {"start": "00:24:19", "end": "00:24:25", "text": "bullish for the cycle, but when I look"}, {"start": "00:24:22", "end": "00:24:27", "text": "at this, it's kind of like, dude, 91"}, {"start": "00:24:25", "end": "00:24:30", "text": "days. Look at that. I mean, this is"}, {"start": "00:24:27", "end": "00:24:33", "text": "repetitive. 133 days. This is what"}, {"start": "00:24:30", "end": "00:24:35", "text": "Cardono does, right? Even back here, the"}, {"start": "00:24:33", "end": "00:24:38", "text": "post QT dip, it's like this bottoming"}, {"start": "00:24:35", "end": "00:24:40", "text": "formation, 147 days. All right, very"}, {"start": "00:24:38", "end": "00:24:42", "text": "easy to look at this and be like, man,"}, {"start": "00:24:40", "end": "00:24:45", "text": "we're in some type of similar thing,"}, {"start": "00:24:42", "end": "00:24:48", "text": "right? The progression of this sideways,"}, {"start": "00:24:45", "end": "00:24:50", "text": "it just the pattern is just so all over"}, {"start": "00:24:48", "end": "00:24:52", "text": "the place."}, {"start": "00:24:50", "end": "00:24:53", "text": "I want to be very careful. I'm just"}, {"start": "00:24:52", "end": "00:24:56", "text": "being like, dude, we're like, we're"}, {"start": "00:24:53", "end": "00:25:00", "text": "forming in that bottom. I want to take"}, {"start": "00:24:56", "end": "00:25:01", "text": "note of the possibility that Cardano's"}, {"start": "00:25:00", "end": "00:25:05", "text": "bottom could look different than other"}, {"start": "00:25:01", "end": "00:25:07", "text": "cycles. A capitulation below 20 cents"}, {"start": "00:25:05", "end": "00:25:09", "text": "could happen and that could that could"}, {"start": "00:25:07", "end": "00:25:10", "text": "be a little different than what we've"}, {"start": "00:25:09", "end": "00:25:12", "text": "seen in terms of these previous bottoms."}, {"start": "00:25:10", "end": "00:25:14", "text": "It looks very easy to be like, dude,"}, {"start": "00:25:12", "end": "00:25:16", "text": "sideways and up."}, {"start": "00:25:14", "end": "00:25:18", "text": "So, I want to be careful there with"}, {"start": "00:25:16", "end": "00:25:20", "text": "Cardano. I wanted to bring that up. But"}, {"start": "00:25:18", "end": "00:25:22", "text": "one thing that I am very much watching"}, {"start": "00:25:20", "end": "00:25:24", "text": "for Cardano as well as others is is"}, {"start": "00:25:22", "end": "00:25:26", "text": "really just these moving averages. If"}, {"start": "00:25:24", "end": "00:25:30", "text": "you look at postquantitative tightening"}, {"start": "00:25:26", "end": "00:25:33", "text": "dip of 2019, what if what Cardano did"}, {"start": "00:25:30", "end": "00:25:36", "text": "that I'm watching out for is the bounce"}, {"start": "00:25:33", "end": "00:25:39", "text": "through these areas, right? The 20 and"}, {"start": "00:25:36", "end": "00:25:41", "text": "the 50. Those are the only meaningful"}, {"start": "00:25:39", "end": "00:25:45", "text": "areas for me for Cardano right now."}, {"start": "00:25:41", "end": "00:25:47", "text": "It's, you know, we could get 36 cents,"}, {"start": "00:25:45", "end": "00:25:48", "text": "10 cents higher than where we are right"}, {"start": "00:25:47", "end": "00:25:51", "text": "now. I'm sure the rest of crypto would"}, {"start": "00:25:48", "end": "00:25:53", "text": "be doing well. People getting very"}, {"start": "00:25:51", "end": "00:25:55", "text": "excited. What is so meaningful for me is"}, {"start": "00:25:53", "end": "00:25:57", "text": "to start closing candles above all these"}, {"start": "00:25:55", "end": "00:25:58", "text": "moving averages on the macro. I'm a"}, {"start": "00:25:57", "end": "00:26:02", "text": "macro investor, so those are meaningful"}, {"start": "00:25:58", "end": "00:26:04", "text": "things. I'm not saying like if if crypto"}, {"start": "00:26:02", "end": "00:26:07", "text": "starts moving, eight is back in the 30s"}, {"start": "00:26:04", "end": "00:26:09", "text": "approaching 40. I won't I won't be, you"}, {"start": "00:26:07", "end": "00:26:11", "text": "know, I'll be in a video probably just"}, {"start": "00:26:09", "end": "00:26:12", "text": "like, \"All right, nice."}, {"start": "00:26:11", "end": "00:26:14", "text": "I'll be hype about it because it's a"}, {"start": "00:26:12", "end": "00:26:17", "text": "stepping stone to reversal for all of"}, {"start": "00:26:14", "end": "00:26:20", "text": "these cryptos including Bitcoin down"}, {"start": "00:26:17", "end": "00:26:23", "text": "like 50%. We need stepping stones. It"}, {"start": "00:26:20", "end": "00:26:26", "text": "will be nice to see that. But for me,"}, {"start": "00:26:23", "end": "00:26:28", "text": "what I'm waiting for is the"}, {"start": "00:26:26", "end": "00:26:30", "text": "consolidation of the moving averages for"}, {"start": "00:26:28", "end": "00:26:32", "text": "something like ADA, which the 50 moving"}, {"start": "00:26:30", "end": "00:26:34", "text": "average is at 57 cents, by the way. So"}, {"start": "00:26:32", "end": "00:26:36", "text": "maybe by the time it's even hitting the"}, {"start": "00:26:34", "end": "00:26:39", "text": "50 moving average,"}, {"start": "00:26:36", "end": "00:26:40", "text": "uh it'll be at 45 cents. I don't know. I"}, {"start": "00:26:39", "end": "00:26:42", "text": "don't know what this will look like, but"}, {"start": "00:26:40", "end": "00:26:44", "text": "I want to see consistent closes above"}, {"start": "00:26:42", "end": "00:26:47", "text": "the moving averages. That's that's the"}, {"start": "00:26:44", "end": "00:26:49", "text": "beginning look of a bull market. That's"}, {"start": "00:26:47", "end": "00:26:54", "text": "something that I'm that I'm really uh"}, {"start": "00:26:49", "end": "00:26:55", "text": "watching for Cardano. And I'm again, I'm"}, {"start": "00:26:54", "end": "00:26:58", "text": "being very careful in terms of just"}, {"start": "00:26:55", "end": "00:27:01", "text": "looking at this and be like, all right,"}, {"start": "00:26:58", "end": "00:27:02", "text": "flat bottom, flat bottom. We're almost"}, {"start": "00:27:01", "end": "00:27:04", "text": "at this flat bottom. We're about to take"}, {"start": "00:27:02", "end": "00:27:06", "text": "off. That could happen. Not saying it's"}, {"start": "00:27:04", "end": "00:27:08", "text": "not going to happen, but I'm just saying"}, {"start": "00:27:06", "end": "00:27:11", "text": "I need to be careful. And that is really"}, {"start": "00:27:08", "end": "00:27:13", "text": "a nice visualization of just the broader"}, {"start": "00:27:11", "end": "00:27:15", "text": "market. Um, so let's look at SUI and"}, {"start": "00:27:13", "end": "00:27:17", "text": "then I want to look at all these times"}, {"start": "00:27:15", "end": "00:27:23", "text": "we had this MACD move on the altcoin"}, {"start": "00:27:17", "end": "00:27:25", "text": "chart and what gains followed. So, uh,"}, {"start": "00:27:23", "end": "00:27:28", "text": "here's SUI."}, {"start": "00:27:25", "end": "00:27:32", "text": "Thing I just want to look at on on SUI"}, {"start": "00:27:28", "end": "00:27:34", "text": "is very similar to, um, to Cardano. But"}, {"start": "00:27:32", "end": "00:27:36", "text": "the the biggest thing I want to point"}, {"start": "00:27:34", "end": "00:27:38", "text": "out to you is if you look at the MACD,"}, {"start": "00:27:36", "end": "00:27:39", "text": "look what has happened. So, we just"}, {"start": "00:27:38", "end": "00:27:41", "text": "looked at a bunch of charts. I think"}, {"start": "00:27:39", "end": "00:27:45", "text": "Bitcoin, Ethereum, Cardano, I'm sure"}, {"start": "00:27:41", "end": "00:27:46", "text": "there's others, but MACD on SUI has"}, {"start": "00:27:45", "end": "00:27:49", "text": "actually made a move above the signal"}, {"start": "00:27:46", "end": "00:27:51", "text": "line, and that is a very good first"}, {"start": "00:27:49", "end": "00:27:53", "text": "look. uh especially for I mean for a"}, {"start": "00:27:51", "end": "00:27:56", "text": "coin that it's its first cycle that's"}, {"start": "00:27:53", "end": "00:27:57", "text": "not bad but what I want to point out to"}, {"start": "00:27:56", "end": "00:27:59", "text": "your attention is let's get rid of the"}, {"start": "00:27:57", "end": "00:28:00", "text": "MACD. I want to look at the stock RSI"}, {"start": "00:27:59", "end": "00:28:02", "text": "which is a quicker moving momentum"}, {"start": "00:28:00", "end": "00:28:04", "text": "oscillator and point something out to"}, {"start": "00:28:02", "end": "00:28:06", "text": "you."}, {"start": "00:28:04", "end": "00:28:08", "text": "So because because what we're trying to"}, {"start": "00:28:06", "end": "00:28:09", "text": "do or at least what I'm interested in"}, {"start": "00:28:08", "end": "00:28:12", "text": "doing is just kind of tracking the"}, {"start": "00:28:09", "end": "00:28:14", "text": "bottoming formation like"}, {"start": "00:28:12", "end": "00:28:16", "text": "not guessing not predicting but I just"}, {"start": "00:28:14", "end": "00:28:19", "text": "like tracking it and then waiting for"}, {"start": "00:28:16", "end": "00:28:22", "text": "confirmations. So for SU I think the"}, {"start": "00:28:19", "end": "00:28:24", "text": "best thing that I'm doing is the quicker"}, {"start": "00:28:22", "end": "00:28:26", "text": "moving momentum oscillator for SU is"}, {"start": "00:28:24", "end": "00:28:29", "text": "kind of like all right potentially"}, {"start": "00:28:26", "end": "00:28:31", "text": "bottoms in an uptrend"}, {"start": "00:28:29", "end": "00:28:33", "text": "but what what do we need to get"}, {"start": "00:28:31", "end": "00:28:35", "text": "confirmed with that uptrend to really"}, {"start": "00:28:33", "end": "00:28:37", "text": "see strong momentum and we have a very"}, {"start": "00:28:35", "end": "00:28:40", "text": "nice look back here when it bottomed on"}, {"start": "00:28:37", "end": "00:28:41", "text": "the stock RSI back in like June. We"}, {"start": "00:28:40", "end": "00:28:43", "text": "started making a move in July to the"}, {"start": "00:28:41", "end": "00:28:45", "text": "upside and you can just see like a"}, {"start": "00:28:43", "end": "00:28:48", "text": "little bit of resistance here and what"}, {"start": "00:28:45", "end": "00:28:49", "text": "was happening moving average resistance"}, {"start": "00:28:48", "end": "00:28:51", "text": "and this there was a lot of resistance"}, {"start": "00:28:49", "end": "00:28:53", "text": "right there. So it's very similar in"}, {"start": "00:28:51", "end": "00:28:56", "text": "terms of Cardano"}, {"start": "00:28:53", "end": "00:28:58", "text": "and that is moving averages being broken"}, {"start": "00:28:56", "end": "00:29:01", "text": "and weekly candles closing above. So for"}, {"start": "00:28:58", "end": "00:29:03", "text": "the A120 right around a$120 and right"}, {"start": "00:29:01", "end": "00:29:05", "text": "now the 50 is at 248. I know that sounds"}, {"start": "00:29:03", "end": "00:29:07", "text": "very far away, but you'd be surprised"}, {"start": "00:29:05", "end": "00:29:09", "text": "how quick all of a sudden SWU could be"}, {"start": "00:29:07", "end": "00:29:11", "text": "at a $1.72 eyeing up the 50, which came"}, {"start": "00:29:09", "end": "00:29:13", "text": "down a little bit, right? It's like"}, {"start": "00:29:11", "end": "00:29:15", "text": "right there. Be very surprised how quick"}, {"start": "00:29:13", "end": "00:29:18", "text": "that can happen. But it's the key is"}, {"start": "00:29:15", "end": "00:29:20", "text": "breaking these moving averages. And if"}, {"start": "00:29:18", "end": "00:29:22", "text": "you look at this, this rejection on the"}, {"start": "00:29:20", "end": "00:29:24", "text": "stock RSI, it's kind of like, oh, here"}, {"start": "00:29:22", "end": "00:29:26", "text": "we go. We're about to get a pump. We're"}, {"start": "00:29:24", "end": "00:29:28", "text": "about to go right into overbought, a"}, {"start": "00:29:26", "end": "00:29:30", "text": "major pump. Look at the rejection there"}, {"start": "00:29:28", "end": "00:29:32", "text": "on the stock RSI, the quicker move"}, {"start": "00:29:30", "end": "00:29:34", "text": "momentum oscillator. What happened?"}, {"start": "00:29:32", "end": "00:29:37", "text": "Rejection right below the 20week moving"}, {"start": "00:29:34", "end": "00:29:39", "text": "average. So it's that's kind of where we"}, {"start": "00:29:37", "end": "00:29:41", "text": "are right now. This could be a lower"}, {"start": "00:29:39", "end": "00:29:44", "text": "high on the stock RSI if SUI fails."}, {"start": "00:29:41", "end": "00:29:46", "text": "Look, I can even put"}, {"start": "00:29:44", "end": "00:29:48", "text": "because I somehow drew an F there. If"}, {"start": "00:29:46", "end": "00:29:50", "text": "SUI fails to break the 20week moving"}, {"start": "00:29:48", "end": "00:29:52", "text": "average. So I would say for SU it's"}, {"start": "00:29:50", "end": "00:29:54", "text": "a$120 like right around that$120 range."}, {"start": "00:29:52", "end": "00:29:56", "text": "A very key area. We can make a move"}, {"start": "00:29:54", "end": "00:29:59", "text": "there. Everybody's bullish and then boom"}, {"start": "00:29:56", "end": "00:30:02", "text": "it it just it fails. So that's a first"}, {"start": "00:29:59", "end": "00:30:03", "text": "confirmation area for SUI and it's it's"}, {"start": "00:30:02", "end": "00:30:05", "text": "pretty cool because you can look at"}, {"start": "00:30:03", "end": "00:30:07", "text": "something just like SUI and it really"}, {"start": "00:30:05", "end": "00:30:10", "text": "acts as an ind indicator for all of"}, {"start": "00:30:07", "end": "00:30:12", "text": "crypto and each chart I think does that"}, {"start": "00:30:10", "end": "00:30:14", "text": "um in terms of all coins Ethereum is my"}, {"start": "00:30:12", "end": "00:30:21", "text": "favorite for that but every chart really"}, {"start": "00:30:14", "end": "00:30:21", "text": "does that if you think about it. So, um,"}, {"start": "00:30:24", "end": "00:30:28", "text": "I haven't seen one bearish video from"}, {"start": "00:30:25", "end": "00:30:30", "text": "Dan in 5 years."}, {"start": "00:30:28", "end": "00:30:34", "text": "I mean,"}, {"start": "00:30:30", "end": "00:30:34", "text": "define a bearish video, I guess."}, {"start": "00:30:38", "end": "00:30:42", "text": "I'm sorry I don't feed your bearishness."}, {"start": "00:30:44", "end": "00:30:47", "text": "What's up, Dan? Love your content."}, {"start": "00:30:46", "end": "00:30:49", "text": "Serious question. Do you make crypto"}, {"start": "00:30:47", "end": "00:30:52", "text": "trades? I really don't. Like I'm not. I'"}, {"start": "00:30:49", "end": "00:30:54", "text": "I've not been a trader. My channel is"}, {"start": "00:30:52", "end": "00:30:56", "text": "not trading. And I think that's what I"}, {"start": "00:30:54", "end": "00:30:58", "text": "think a lot of people expect me to be a"}, {"start": "00:30:56", "end": "00:31:01", "text": "trader and I'm just I'm not a trader. I"}, {"start": "00:30:58", "end": "00:31:05", "text": "am a macro investor. And if you want to"}, {"start": "00:31:01", "end": "00:31:07", "text": "think about trading for me, it's it's"}, {"start": "00:31:05", "end": "00:31:10", "text": "taking profits"}, {"start": "00:31:07", "end": "00:31:12", "text": "in overbought bull market highs. That's"}, {"start": "00:31:10", "end": "00:31:14", "text": "what I'm prepared for. And so just like"}, {"start": "00:31:12", "end": "00:31:16", "text": "many of you like what's been frustrating"}, {"start": "00:31:14", "end": "00:31:17", "text": "for me and I think along with the rest"}, {"start": "00:31:16", "end": "00:31:19", "text": "of industry is like if you look at"}, {"start": "00:31:17", "end": "00:31:21", "text": "Ethereum for instance we all thought"}, {"start": "00:31:19", "end": "00:31:25", "text": "we're getting this the beginning of a"}, {"start": "00:31:21", "end": "00:31:26", "text": "parabolic bull run like normal"}, {"start": "00:31:25", "end": "00:31:30", "text": "here."}, {"start": "00:31:26", "end": "00:31:32", "text": "No here again no. So like we keep being"}, {"start": "00:31:30", "end": "00:31:34", "text": "faked out. So as a macro investor I've"}, {"start": "00:31:32", "end": "00:31:36", "text": "been frustrated. I've been frustrated as"}, {"start": "00:31:34", "end": "00:31:39", "text": "well, but I'm not going to just turn"}, {"start": "00:31:36", "end": "00:31:41", "text": "into a macro bear on the crypto space"}, {"start": "00:31:39", "end": "00:31:44", "text": "because it didn't hit my timeline and,"}, {"start": "00:31:41", "end": "00:31:46", "text": "you know, didn't work out the way that"}, {"start": "00:31:44", "end": "00:31:48", "text": "pretty much most of us thought it would."}, {"start": "00:31:46", "end": "00:31:51", "text": "I think it's it's good that it didn't"}, {"start": "00:31:48", "end": "00:31:53", "text": "work out in some in some ways."}, {"start": "00:31:51", "end": "00:31:56", "text": "Um,"}, {"start": "00:31:53", "end": "00:31:58", "text": "thank you. Dan literally points out the"}, {"start": "00:31:56", "end": "00:31:59", "text": "potential for downside in every v every"}, {"start": "00:31:58", "end": "00:32:02", "text": "video. He not he's not a fortune teller."}, {"start": "00:31:59", "end": "00:32:03", "text": "Use info, make your own decisions. I"}, {"start": "00:32:02", "end": "00:32:06", "text": "don't like I appreciate that comment,"}, {"start": "00:32:03", "end": "00:32:08", "text": "Berto. I don't I'm not I'm not standing"}, {"start": "00:32:06", "end": "00:32:10", "text": "here wanting people to pat me on the"}, {"start": "00:32:08", "end": "00:32:12", "text": "back or like defend me, but I I really"}, {"start": "00:32:10", "end": "00:32:14", "text": "do want to highlight and point out that"}, {"start": "00:32:12", "end": "00:32:17", "text": "because I I don't think people see it."}, {"start": "00:32:14", "end": "00:32:18", "text": "I'm non-stop talking about downside."}, {"start": "00:32:17", "end": "00:32:20", "text": "Like"}, {"start": "00:32:18", "end": "00:32:22", "text": "it almost seems like a lot of my content"}, {"start": "00:32:20", "end": "00:32:24", "text": "is mostly bearish sometimes because I"}, {"start": "00:32:22", "end": "00:32:27", "text": "talk about it."}, {"start": "00:32:24", "end": "00:32:29", "text": "I really do. Like sometimes I sound like"}, {"start": "00:32:27", "end": "00:32:31", "text": "a bear because I'm always just like"}, {"start": "00:32:29", "end": "00:32:33", "text": "warning of downside. Since December,"}, {"start": "00:32:31", "end": "00:32:35", "text": "I've been talking the post about the"}, {"start": "00:32:33", "end": "00:32:37", "text": "postquantitative tightening dip, right?"}, {"start": "00:32:35", "end": "00:32:42", "text": "This fractal from back here, the end of"}, {"start": "00:32:37", "end": "00:32:43", "text": "July 2019 when QT ended. That dip is is"}, {"start": "00:32:42", "end": "00:32:46", "text": "what I've been talking about since"}, {"start": "00:32:43", "end": "00:32:48", "text": "December."}, {"start": "00:32:46", "end": "00:32:51", "text": "And that doesn't make me a bear. I"}, {"start": "00:32:48", "end": "00:32:52", "text": "think, you know, I I've I've maintained"}, {"start": "00:32:51", "end": "00:32:54", "text": "my bullishness through talking about"}, {"start": "00:32:52", "end": "00:32:55", "text": "that. Maybe I shouldn't have. Maybe I"}, {"start": "00:32:54", "end": "00:32:57", "text": "should have just framed every title as"}, {"start": "00:32:55", "end": "00:33:00", "text": "bare. I probably would have been maybe"}, {"start": "00:32:57", "end": "00:33:04", "text": "better off, actually. But that was SWE."}, {"start": "00:33:00", "end": "00:33:08", "text": "Let's go look at altcoins. So all right,"}, {"start": "00:33:04", "end": "00:33:10", "text": "I want to I want to break this down. So"}, {"start": "00:33:08", "end": "00:33:14", "text": "on this altcoin chart along with many"}, {"start": "00:33:10", "end": "00:33:17", "text": "charts, this is the MACD approaching the"}, {"start": "00:33:14", "end": "00:33:19", "text": "signal line."}, {"start": "00:33:17", "end": "00:33:21", "text": "You can be bearish or bullish, doesn't"}, {"start": "00:33:19", "end": "00:33:22", "text": "matter. This indicator that that's a"}, {"start": "00:33:21", "end": "00:33:24", "text": "very bullish move. It just is. It's not"}, {"start": "00:33:22", "end": "00:33:27", "text": "a guaranteed. It's not doesn't not a"}, {"start": "00:33:24", "end": "00:33:30", "text": "guarantee of anything. It's not like the"}, {"start": "00:33:27", "end": "00:33:32", "text": "bull market's starting right because by"}, {"start": "00:33:30", "end": "00:33:35", "text": "the way"}, {"start": "00:33:32", "end": "00:33:37", "text": "right here the bull market didn't start"}, {"start": "00:33:35", "end": "00:33:39", "text": "right here the bull market didn't start"}, {"start": "00:33:37", "end": "00:33:41", "text": "we were we were maybe faked out thought"}, {"start": "00:33:39", "end": "00:33:44", "text": "it might might"}, {"start": "00:33:41", "end": "00:33:47", "text": "but if we get again MACD making this"}, {"start": "00:33:44", "end": "00:33:49", "text": "move and momentum to the upside with an"}, {"start": "00:33:47", "end": "00:33:51", "text": "expansion of business cycle"}, {"start": "00:33:49", "end": "00:33:53", "text": "I think it's a very good idea to pay"}, {"start": "00:33:51", "end": "00:33:55", "text": "attention but look at these times that"}, {"start": "00:33:53", "end": "00:33:58", "text": "this happened. So, last time the MACD"}, {"start": "00:33:55", "end": "00:34:02", "text": "did this, 94% gains."}, {"start": "00:33:58", "end": "00:34:05", "text": "And then, uh, two times ago,"}, {"start": "00:34:02", "end": "00:34:07", "text": "113% gains"}, {"start": "00:34:05", "end": "00:34:10", "text": "right here,"}, {"start": "00:34:07", "end": "00:34:15", "text": "176% gains"}, {"start": "00:34:10", "end": "00:34:17", "text": "right here. And this was um, and by the"}, {"start": "00:34:15", "end": "00:34:20", "text": "way, you can look at this two ways. This"}, {"start": "00:34:17", "end": "00:34:22", "text": "was like the bottom of the 2022 move. 90"}, {"start": "00:34:20", "end": "00:34:26", "text": "I have 97%. Let me expand this just to"}, {"start": "00:34:22", "end": "00:34:29", "text": "show you something. It's kind of like I"}, {"start": "00:34:26", "end": "00:34:32", "text": "mean it's 97% to right here because then"}, {"start": "00:34:29", "end": "00:34:34", "text": "it just started kind of going sideways."}, {"start": "00:34:32", "end": "00:34:38", "text": "But really ultimately from that swing"}, {"start": "00:34:34", "end": "00:34:41", "text": "low it it went up like 400%. Right? But"}, {"start": "00:34:38", "end": "00:34:44", "text": "that that that was that move. But check"}, {"start": "00:34:41", "end": "00:34:47", "text": "this out. Go back to last cycle. The"}, {"start": "00:34:44", "end": "00:34:48", "text": "last time the MACD made this move,"}, {"start": "00:34:47", "end": "00:34:50", "text": "similar to what is potentially getting"}, {"start": "00:34:48", "end": "00:34:52", "text": "ready to happen right here next to my"}, {"start": "00:34:50", "end": "00:34:55", "text": "video, the bottom of screen blue line"}, {"start": "00:34:52", "end": "00:34:59", "text": "above the red"}, {"start": "00:34:55", "end": "00:35:02", "text": "all the way back here. This time"}, {"start": "00:34:59", "end": "00:35:04", "text": "led to,00% gains"}, {"start": "00:35:02", "end": "00:35:08", "text": "and a bull run."}, {"start": "00:35:04", "end": "00:35:08", "text": "What else was happening there?"}, {"start": "00:35:08", "end": "00:35:14", "text": "PMI business expansion."}, {"start": "00:35:11", "end": "00:35:17", "text": "Um, and it's interesting too because"}, {"start": "00:35:14", "end": "00:35:19", "text": "like these these were gains every time"}, {"start": "00:35:17", "end": "00:35:21", "text": "the MACD did this, but they weren't bull"}, {"start": "00:35:19", "end": "00:35:23", "text": "market gains. And it's every time the"}, {"start": "00:35:21", "end": "00:35:25", "text": "bull market gains looked the way that"}, {"start": "00:35:23", "end": "00:35:27", "text": "this looks, it was because of business"}, {"start": "00:35:25", "end": "00:35:28", "text": "cycle expansion. I think it's"}, {"start": "00:35:27", "end": "00:35:31", "text": "interesting."}, {"start": "00:35:28", "end": "00:35:34", "text": "Uh, here's the"}, {"start": "00:35:31", "end": "00:35:36", "text": "uh, this was the 2018 bottom. So almost"}, {"start": "00:35:34", "end": "00:35:39", "text": "300%. And then I went back all the way"}, {"start": "00:35:36", "end": "00:35:40", "text": "here and then we had MACD. This is"}, {"start": "00:35:39", "end": "00:35:43", "text": "somewhere in there. I think it was like"}, {"start": "00:35:40", "end": "00:35:45", "text": "March or something. But 22,000%."}, {"start": "00:35:43", "end": "00:35:47", "text": "Diminishing g diminishing gains for sure"}, {"start": "00:35:45", "end": "00:35:50", "text": "across the board obviously as you can"}, {"start": "00:35:47", "end": "00:35:52", "text": "see across cycles 22,000, 1100. What if"}, {"start": "00:35:50", "end": "00:35:54", "text": "we get a bull move? If we get a bull"}, {"start": "00:35:52", "end": "00:35:56", "text": "cycle, what would what would the gains"}, {"start": "00:35:54", "end": "00:35:58", "text": "look like? Right? I I just don't know"}, {"start": "00:35:56", "end": "00:36:00", "text": "from the moment the MACD line made a"}, {"start": "00:35:58", "end": "00:36:03", "text": "move makes a move like that, if it"}, {"start": "00:36:00", "end": "00:36:05", "text": "really did turn into a bull market like"}, {"start": "00:36:03", "end": "00:36:07", "text": "with diminishing gains, will will it be"}, {"start": "00:36:05", "end": "00:36:10", "text": "like 500%."}, {"start": "00:36:07", "end": "00:36:12", "text": "I don't know. like will it only be four"}, {"start": "00:36:10", "end": "00:36:16", "text": "the five trillion dollar market cap for"}, {"start": "00:36:12", "end": "00:36:18", "text": "for all coins? Will it be 800% to around"}, {"start": "00:36:16", "end": "00:36:22", "text": "six trillion? That's a 10x on this"}, {"start": "00:36:18", "end": "00:36:24", "text": "chart. So if that happened at 10x on"}, {"start": "00:36:22", "end": "00:36:27", "text": "this chart,"}, {"start": "00:36:24", "end": "00:36:31", "text": "that's you know, and I'm talking 695"}, {"start": "00:36:27", "end": "00:36:33", "text": "billion to 6 trillion."}, {"start": "00:36:31", "end": "00:36:36", "text": "Some altcoins will be going really"}, {"start": "00:36:33", "end": "00:36:36", "text": "crazy."}, {"start": "00:36:41", "end": "00:36:45", "text": "Just reading some comments."}, {"start": "00:36:48", "end": "00:36:52", "text": "Appreciate you all cruising through."}, {"start": "00:36:52", "end": "00:36:56", "text": "I definitely I got to go back and do"}, {"start": "00:36:54", "end": "00:36:58", "text": "time stamps. So I I want to keep this as"}, {"start": "00:36:56", "end": "00:37:01", "text": "kind of short as possible because going"}, {"start": "00:36:58", "end": "00:37:04", "text": "through this and doing time stamps is"}, {"start": "00:37:01", "end": "00:37:07", "text": "So anyway everybody that's everything"}, {"start": "00:37:04", "end": "00:37:08", "text": "oil right now let's see what happens"}, {"start": "00:37:07", "end": "00:37:10", "text": "with oil let's see what happens even"}, {"start": "00:37:08", "end": "00:37:13", "text": "with the headlines like so much can"}, {"start": "00:37:10", "end": "00:37:15", "text": "change in 12 hours 24 hours in an hour"}, {"start": "00:37:13", "end": "00:37:17", "text": "um but be very careful out there um when"}, {"start": "00:37:15", "end": "00:37:19", "text": "you look at total crypto market cap"}, {"start": "00:37:17", "end": "00:37:21", "text": "chart I think we're in a bottoming"}, {"start": "00:37:19", "end": "00:37:24", "text": "formation there could be a lot of"}, {"start": "00:37:21", "end": "00:37:30", "text": "volatility with that being said the"}, {"start": "00:37:24", "end": "00:37:33", "text": "timeline line of it. Nobody knows. Um,"}, {"start": "00:37:30", "end": "00:37:35", "text": "just prepare either way. And if you're"}, {"start": "00:37:33", "end": "00:37:37", "text": "somebody that can take the time or wants"}, {"start": "00:37:35", "end": "00:37:40", "text": "to take the time for analysis, I think"}, {"start": "00:37:37", "end": "00:37:42", "text": "it's very helpful to look at indicators"}, {"start": "00:37:40", "end": "00:37:44", "text": "and wait for confirmations. And what I"}, {"start": "00:37:42", "end": "00:37:46", "text": "mean by that is, example, of course, the"}, {"start": "00:37:44", "end": "00:37:49", "text": "MACD right down here on something like"}, {"start": "00:37:46", "end": "00:37:51", "text": "Ethereum. But along with that, what is"}, {"start": "00:37:49", "end": "00:37:53", "text": "the PMI doing once we get a print in a"}, {"start": "00:37:51", "end": "00:37:55", "text": "few weeks? And also what is Ethereum"}, {"start": "00:37:53", "end": "00:37:57", "text": "doing at these moving averages? Can we"}, {"start": "00:37:55", "end": "00:38:02", "text": "close weekly candles above moving"}, {"start": "00:37:57", "end": "00:38:06", "text": "averages? 2400 at the 200. 20we is 2500."}, {"start": "00:38:02", "end": "00:38:07", "text": "The 50we 3000. Watch how quick if this"}, {"start": "00:38:06", "end": "00:38:10", "text": "happened. I'm not saying it will. If"}, {"start": "00:38:07", "end": "00:38:12", "text": "Ethereum made its way to the 50, the"}, {"start": "00:38:10", "end": "00:38:15", "text": "50we moving average, watch how quick"}, {"start": "00:38:12", "end": "00:38:17", "text": "sentiment changes. It's crazy. So that's"}, {"start": "00:38:15", "end": "00:38:18", "text": "that's something I will also be tracking"}, {"start": "00:38:17", "end": "00:38:20", "text": "as well. So be careful out there,"}, {"start": "00:38:18", "end": "00:38:21", "text": "everybody. Let's see how things continue"}, {"start": "00:38:20", "end": "00:38:22", "text": "to play out. I appreciate each and every"}, {"start": "00:38:21", "end": "00:38:24", "text": "one of you cruising through. If you're"}, {"start": "00:38:22", "end": "00:38:27", "text": "not a subscriber, please subscribe. Hit"}, {"start": "00:38:24", "end": "00:38:29", "text": "that like button. A lot to me. I will"}, {"start": "00:38:27", "end": "00:38:31", "text": "see you all in the next video. God"}, {"start": "00:38:29", "end": "00:38:31", "text": "bless."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "Because as I sit here, this is not a"}, {"start": "00:00:02", "end": "00:00:08", "text": "bare market starting and I will be doing"}, {"start": "00:00:05", "end": "00:00:09", "text": "videos if we're down 20 30%. And it's"}, {"start": "00:00:08", "end": "00:00:10", "text": "not going to be easy for me to do it,"}, {"start": "00:00:09", "end": "00:00:12", "text": "but I'm telling you right now, I would"}, {"start": "00:00:10", "end": "00:00:14", "text": "be here doing them. And here I am. I'm"}, {"start": "00:00:12", "end": "00:00:16", "text": "doing them. I'm doing the video right"}, {"start": "00:00:14", "end": "00:00:21", "text": "now. And if you go to the chart, we are"}, {"start": "00:00:16", "end": "00:00:22", "text": "down around 27%. 20 to 30%. And I I I"}, {"start": "00:00:21", "end": "00:00:24", "text": "really am at the point I don't enjoy"}, {"start": "00:00:22", "end": "00:00:26", "text": "doing these videos, but I want to do"}, {"start": "00:00:24", "end": "00:00:27", "text": "this update for you because what we were"}, {"start": "00:00:26", "end": "00:00:29", "text": "talking about, what I was talking about"}, {"start": "00:00:27", "end": "00:00:31", "text": "in December has played out. You see it"}, {"start": "00:00:29", "end": "00:00:33", "text": "on the screen. This is going to be a"}, {"start": "00:00:31", "end": "00:00:34", "text": "quick video, but an update on my"}, {"start": "00:00:33", "end": "00:00:36", "text": "postquantitative tightening dip that"}, {"start": "00:00:34", "end": "00:00:39", "text": "I've been talking about since December,"}, {"start": "00:00:36", "end": "00:00:41", "text": "as well as the PMI cycle theory. I want"}, {"start": "00:00:39", "end": "00:00:45", "text": "you to take a quick look at this clip"}, {"start": "00:00:41", "end": "00:00:46", "text": "from December 21st, 2025. Check this out"}, {"start": "00:00:45", "end": "00:00:48", "text": "really fast. Actually, let me just stay"}, {"start": "00:00:46", "end": "00:00:51", "text": "on this chart and take the fractal."}, {"start": "00:00:48", "end": "00:00:52", "text": "Let's take the fractal because I think I"}, {"start": "00:00:51", "end": "00:00:54", "text": "mentioned this in a previous video, but"}, {"start": "00:00:52", "end": "00:00:57", "text": "let's actually do it now. Let's just"}, {"start": "00:00:54", "end": "00:00:58", "text": "stretch it over so we know December 1st,"}, {"start": "00:00:57", "end": "00:01:01", "text": "where was that on this chart? like right"}, {"start": "00:00:58", "end": "00:01:04", "text": "around here. That's QT ending for only"}, {"start": "00:01:01", "end": "00:01:07", "text": "the second time ever. So, um like right"}, {"start": "00:01:04", "end": "00:01:09", "text": "here and so far actually so good. Look"}, {"start": "00:01:07", "end": "00:01:11", "text": "at this man. QT ended. Where's where's"}, {"start": "00:01:09", "end": "00:01:13", "text": "it look? Like what's going on? Where's"}, {"start": "00:01:11", "end": "00:01:14", "text": "the breakout? Where's the bull market?"}, {"start": "00:01:13", "end": "00:01:16", "text": "Can't look at it like this. And this is"}, {"start": "00:01:14", "end": "00:01:18", "text": "where the warning is. So suppose this"}, {"start": "00:01:16", "end": "00:01:20", "text": "this move happened. But what if this"}, {"start": "00:01:18", "end": "00:01:22", "text": "happened? What's the plan? This is the"}, {"start": "00:01:20", "end": "00:01:25", "text": "question I want to propose to you"}, {"start": "00:01:22", "end": "00:01:27", "text": "because as I sit here, this is not a"}, {"start": "00:01:25", "end": "00:01:30", "text": "bare market starting and I will be doing"}, {"start": "00:01:27", "end": "00:01:31", "text": "videos if we're down 20 30%. And it's"}, {"start": "00:01:30", "end": "00:01:32", "text": "not going to be easy for me to do it,"}, {"start": "00:01:31", "end": "00:01:34", "text": "but I'm telling you right now, I would"}, {"start": "00:01:32", "end": "00:01:36", "text": "be here doing them. And here I am. I'm"}, {"start": "00:01:34", "end": "00:01:38", "text": "doing them. I'm doing the video right"}, {"start": "00:01:36", "end": "00:01:43", "text": "now. And if you go to the chart, we are"}, {"start": "00:01:38", "end": "00:01:44", "text": "down around 27%. 20 to 30%. And I I I"}, {"start": "00:01:43", "end": "00:01:46", "text": "really am at the point I don't enjoy"}, {"start": "00:01:44", "end": "00:01:48", "text": "doing these videos, but I want to do"}, {"start": "00:01:46", "end": "00:01:49", "text": "this update for you because what we were"}, {"start": "00:01:48", "end": "00:01:51", "text": "talking about, what I was talking about"}, {"start": "00:01:49", "end": "00:01:53", "text": "in December has played out. You see it"}, {"start": "00:01:51", "end": "00:01:55", "text": "on the screen. This is the"}, {"start": "00:01:53", "end": "00:01:57", "text": "postquantitative tightening dip that"}, {"start": "00:01:55", "end": "00:01:58", "text": "I've been talking about. So, hit the"}, {"start": "00:01:57", "end": "00:02:01", "text": "subscribe on the way in and let's just"}, {"start": "00:01:58", "end": "00:02:04", "text": "start talking about it. So, what that"}, {"start": "00:02:01", "end": "00:02:06", "text": "fractal is, and by the way, we're zoomed"}, {"start": "00:02:04", "end": "00:02:08", "text": "out on the daily chart on the total"}, {"start": "00:02:06", "end": "00:02:11", "text": "crypto market cap chart excluding"}, {"start": "00:02:08", "end": "00:02:13", "text": "Bitcoin and excluding stable coins. So"}, {"start": "00:02:11", "end": "00:02:16", "text": "that fractal that you see here, if we go"}, {"start": "00:02:13", "end": "00:02:18", "text": "back on the daily chart all the way back"}, {"start": "00:02:16", "end": "00:02:19", "text": "here, this was post quantitative"}, {"start": "00:02:18", "end": "00:02:22", "text": "tightening. Quantitative tightening"}, {"start": "00:02:19", "end": "00:02:26", "text": "ended basically in let me stretch this"}, {"start": "00:02:22", "end": "00:02:28", "text": "out. This was the end of July 2019 and"}, {"start": "00:02:26", "end": "00:02:30", "text": "we went into this just really bad move."}, {"start": "00:02:28", "end": "00:02:32", "text": "If you look at crypto, what I've been"}, {"start": "00:02:30", "end": "00:02:34", "text": "saying since December is this is kind of"}, {"start": "00:02:32", "end": "00:02:38", "text": "where we are. And what I've been waiting"}, {"start": "00:02:34", "end": "00:02:40", "text": "for since that video in December, and I"}, {"start": "00:02:38", "end": "00:02:41", "text": "don't know at what point in the video"}, {"start": "00:02:40", "end": "00:02:43", "text": "that I even really talked about it, but"}, {"start": "00:02:41", "end": "00:02:46", "text": "I know I was talking about it. That is"}, {"start": "00:02:43", "end": "00:02:49", "text": "this PMI expansion. Guess what? It was"}, {"start": "00:02:46", "end": "00:02:52", "text": "at 48. Then you see that red air, that"}, {"start": "00:02:49", "end": "00:02:57", "text": "red arrow, that red arrow is me just"}, {"start": "00:02:52", "end": "00:03:00", "text": "anticipating a PMI expansion. That is an"}, {"start": "00:02:57", "end": "00:03:02", "text": "economic move to the upside. And what I"}, {"start": "00:03:00", "end": "00:03:05", "text": "think is getting set up right now and"}, {"start": "00:03:02", "end": "00:03:09", "text": "it's so unpopular is an economic boom."}, {"start": "00:03:05", "end": "00:03:11", "text": "And so since this video in December,"}, {"start": "00:03:09", "end": "00:03:13", "text": "we've gotten the post QT dip. It has"}, {"start": "00:03:11", "end": "00:03:15", "text": "happened. I just showed it to you in in"}, {"start": "00:03:13", "end": "00:03:17", "text": "the fractal. Everything I said in that"}, {"start": "00:03:15", "end": "00:03:19", "text": "video, we're down 20 30%. I'm not"}, {"start": "00:03:17", "end": "00:03:21", "text": "enjoying doing the videos. But besides"}, {"start": "00:03:19", "end": "00:03:23", "text": "that, if you actually even just look at,"}, {"start": "00:03:21", "end": "00:03:26", "text": "let me expand this a little bit. The"}, {"start": "00:03:23", "end": "00:03:28", "text": "green line, we have expansion on the"}, {"start": "00:03:26", "end": "00:03:31", "text": "PMI. We can actually go to the actual"}, {"start": "00:03:28", "end": "00:03:34", "text": "PMI chart. There's that expansion. It"}, {"start": "00:03:31", "end": "00:03:35", "text": "happened. We're currently above 50. That"}, {"start": "00:03:34", "end": "00:03:38", "text": "is not to say, especially with"}, {"start": "00:03:35", "end": "00:03:40", "text": "short-term events like, you know, the"}, {"start": "00:03:38", "end": "00:03:44", "text": "the war right now in Iran, which I think"}, {"start": "00:03:40", "end": "00:03:48", "text": "will be uh settled soon, there won't"}, {"start": "00:03:44", "end": "00:03:51", "text": "there might be kind of these"}, {"start": "00:03:48", "end": "00:03:53", "text": "consolidations, higher lows on the PMI."}, {"start": "00:03:51", "end": "00:03:56", "text": "But this is exactly why I said I want to"}, {"start": "00:03:53", "end": "00:03:59", "text": "see continuous prints and consistent"}, {"start": "00:03:56", "end": "00:04:00", "text": "prints above 50 on this monthly or this"}, {"start": "00:03:59", "end": "00:04:03", "text": "is a daily chart but on the zoomed out"}, {"start": "00:04:00", "end": "00:04:05", "text": "PMI chart the business cycle chart. With"}, {"start": "00:04:03", "end": "00:04:07", "text": "that being said, we go back to this"}, {"start": "00:04:05", "end": "00:04:10", "text": "chart."}, {"start": "00:04:07", "end": "00:04:12", "text": "It is kind of this this thought now in"}, {"start": "00:04:10", "end": "00:04:14", "text": "my mind and in my analysis and I want to"}, {"start": "00:04:12", "end": "00:04:18", "text": "propose to you that we really are almost"}, {"start": "00:04:14", "end": "00:04:20", "text": "there. I really do think that and there"}, {"start": "00:04:18", "end": "00:04:22", "text": "could be a capitulation still. We've"}, {"start": "00:04:20", "end": "00:04:25", "text": "been discussing that as well in terms of"}, {"start": "00:04:22", "end": "00:04:27", "text": "the bottoming out structure of this dip"}, {"start": "00:04:25", "end": "00:04:30", "text": "that we're in that we've been in since"}, {"start": "00:04:27", "end": "00:04:33", "text": "post post QT. Q QT ended on December"}, {"start": "00:04:30", "end": "00:04:37", "text": "1st. There's this this case where we get"}, {"start": "00:04:33", "end": "00:04:40", "text": "a capitulation of some sort. But for me,"}, {"start": "00:04:37", "end": "00:04:42", "text": "and I continue to say this, we are not"}, {"start": "00:04:40", "end": "00:04:45", "text": "at the beginning of like this multimonth"}, {"start": "00:04:42", "end": "00:04:47", "text": "bare move. We are in a postQT"}, {"start": "00:04:45", "end": "00:04:52", "text": "consolidation move at the intersection"}, {"start": "00:04:47", "end": "00:04:54", "text": "of just a massive a massive PMI shift, a"}, {"start": "00:04:52", "end": "00:04:56", "text": "business cycle shift. So, I want to show"}, {"start": "00:04:54", "end": "00:04:58", "text": "you this clip. Actually, I just saw this"}, {"start": "00:04:56", "end": "00:05:02", "text": "today. This was somebody else discussing"}, {"start": "00:04:58", "end": "00:05:03", "text": "uh PMI as well as Bitcoin had a very"}, {"start": "00:05:02", "end": "00:05:06", "text": "interesting perspective. Check this clip"}, {"start": "00:05:03", "end": "00:05:06", "text": "out. Not not it's not too long. Check it"}, {"start": "00:05:06", "end": "00:05:07", "text": "out."}, {"start": "00:05:06", "end": "00:05:10", "text": ">> Right. every single time we have these"}, {"start": "00:05:07", "end": "00:05:12", "text": "large expansions. Well, then the ISM PMI"}, {"start": "00:05:10", "end": "00:05:13", "text": "is trading above 50 and the bottom is"}, {"start": "00:05:12", "end": "00:05:16", "text": "put in below 50. Now, have a look at"}, {"start": "00:05:13", "end": "00:05:18", "text": "this. We put in a bottom in 2023, right?"}, {"start": "00:05:16", "end": "00:05:21", "text": "We had a massive rally that formed a"}, {"start": "00:05:18", "end": "00:05:24", "text": "midcycle high at 126,000, which is also"}, {"start": "00:05:21", "end": "00:05:27", "text": "why we this cycle didn't top in at the"}, {"start": "00:05:24", "end": "00:05:30", "text": "same trend line that we did in 2021 and"}, {"start": "00:05:27", "end": "00:05:31", "text": "in 2018 simply because this is a"}, {"start": "00:05:30", "end": "00:05:34", "text": "midcycle high and we've just formed the"}, {"start": "00:05:31", "end": "00:05:35", "text": "midcycle bottom. This can also be"}, {"start": "00:05:34", "end": "00:05:37", "text": "further confirmed when looking at the"}, {"start": "00:05:35", "end": "00:05:40", "text": "ISM PMI because the midcycle bottom was"}, {"start": "00:05:37", "end": "00:05:43", "text": "formed below 50 just like every other"}, {"start": "00:05:40", "end": "00:05:45", "text": "bottom. Now the ISM PMI for the first"}, {"start": "00:05:43", "end": "00:05:48", "text": "time since 2020"}, {"start": "00:05:45", "end": "00:05:50", "text": "has finally started expanding. Right?"}, {"start": "00:05:48", "end": "00:05:53", "text": "So, and this is the move that I've been"}, {"start": "00:05:50", "end": "00:05:56", "text": "waiting for and talking about since that"}, {"start": "00:05:53", "end": "00:05:58", "text": "video in December, the expansion of PMI."}, {"start": "00:05:56", "end": "00:06:01", "text": "And now here we are. And what he just"}, {"start": "00:05:58", "end": "00:06:03", "text": "explained in that video is such a good"}, {"start": "00:06:01", "end": "00:06:05", "text": "understanding from a macroeconomic"}, {"start": "00:06:03", "end": "00:06:07", "text": "standpoint of what's going on with"}, {"start": "00:06:05", "end": "00:06:09", "text": "something like Ethereum or even altcoins"}, {"start": "00:06:07", "end": "00:06:11", "text": "because in all of this suppression phase"}, {"start": "00:06:09", "end": "00:06:13", "text": "of PMI, which is record-breaking, by the"}, {"start": "00:06:11", "end": "00:06:16", "text": "way, we have an Ethereum bull market"}, {"start": "00:06:13", "end": "00:06:18", "text": "that has that had not happened. And you"}, {"start": "00:06:16", "end": "00:06:20", "text": "can say, man, but what was this swing"}, {"start": "00:06:18", "end": "00:06:22", "text": "low to swing high 300%. That's a bull"}, {"start": "00:06:20", "end": "00:06:24", "text": "market. What I'm saying is we've not had"}, {"start": "00:06:22", "end": "00:06:27", "text": "a typical crypto higher high bull"}, {"start": "00:06:24", "end": "00:06:29", "text": "market. Some coins did hit all-time"}, {"start": "00:06:27", "end": "00:06:31", "text": "highs, but many didn't. Look at the"}, {"start": "00:06:29", "end": "00:06:33", "text": "Ethereum chart. We didn't have a bull"}, {"start": "00:06:31", "end": "00:06:35", "text": "market for crypto in my opinion. And"}, {"start": "00:06:33", "end": "00:06:38", "text": "what he was saying in this video"}, {"start": "00:06:35", "end": "00:06:40", "text": "explains that exactly. So, we had kind"}, {"start": "00:06:38", "end": "00:06:42", "text": "of a midcycle high and now a midcycle"}, {"start": "00:06:40", "end": "00:06:44", "text": "bottom and now we're waiting for"}, {"start": "00:06:42", "end": "00:06:46", "text": "expansion. And that is what I think is"}, {"start": "00:06:44", "end": "00:06:47", "text": "getting ready to happen. Whether you"}, {"start": "00:06:46", "end": "00:06:50", "text": "look at the Bitcoin chart, whether you"}, {"start": "00:06:47", "end": "00:06:51", "text": "look at the Ethereum chart, just total"}, {"start": "00:06:50", "end": "00:06:53", "text": "crypto market cap, altcoin charts,"}, {"start": "00:06:51", "end": "00:06:55", "text": "whatever. You can look at any of these"}, {"start": "00:06:53", "end": "00:06:57", "text": "things. So, I wanted to bring that up."}, {"start": "00:06:55", "end": "00:06:58", "text": "And by the way, I wanted to point out to"}, {"start": "00:06:57", "end": "00:07:01", "text": "you on this weekly chart, which is the"}, {"start": "00:06:58", "end": "00:07:04", "text": "Ethereum chart, while this is all"}, {"start": "00:07:01", "end": "00:07:06", "text": "happening, you have this MACD line just"}, {"start": "00:07:04", "end": "00:07:08", "text": "getting ready to approach this signal"}, {"start": "00:07:06", "end": "00:07:10", "text": "line on the weekly. I think that is such"}, {"start": "00:07:08", "end": "00:07:12", "text": "a key indicator. Putting aside all the"}, {"start": "00:07:10", "end": "00:07:14", "text": "macro that I'm talking about right now"}, {"start": "00:07:12", "end": "00:07:16", "text": "that we should focus on. So, all in all,"}, {"start": "00:07:14", "end": "00:07:17", "text": "everybody, I want to give an update on"}, {"start": "00:07:16", "end": "00:07:19", "text": "kind of where we are in terms of"}, {"start": "00:07:17", "end": "00:07:21", "text": "postquantitative tightening and the dip"}, {"start": "00:07:19", "end": "00:07:24", "text": "that I've been talking about."}, {"start": "00:07:21", "end": "00:07:27", "text": "I've been talking about it as well as"}, {"start": "00:07:24", "end": "00:07:30", "text": "the PMI expansion that is just now"}, {"start": "00:07:27", "end": "00:07:32", "text": "beginning. Remember exactly what he said"}, {"start": "00:07:30", "end": "00:07:34", "text": "in the video. Really, the last time that"}, {"start": "00:07:32", "end": "00:07:37", "text": "we started getting expansion was back"}, {"start": "00:07:34", "end": "00:07:40", "text": "here in 2020. So, be prepared for"}, {"start": "00:07:37", "end": "00:07:42", "text": "short-term volatility. It's very much in"}, {"start": "00:07:40", "end": "00:07:44", "text": "play as we try and find a bottom, put in"}, {"start": "00:07:42", "end": "00:07:46", "text": "structure of a bottom. But in terms of"}, {"start": "00:07:44", "end": "00:07:49", "text": "where we are in the cycle, this is where"}, {"start": "00:07:46", "end": "00:07:54", "text": "I think we are. And the question is, it"}, {"start": "00:07:49", "end": "00:07:58", "text": "really is, is Bitcoin and crypto"}, {"start": "00:07:54", "end": "00:08:01", "text": "following PMI,"}, {"start": "00:07:58", "end": "00:08:03", "text": "right? Are they following the PMI or is"}, {"start": "00:08:01", "end": "00:08:04", "text": "PMI following Bitcoin and crypto? I"}, {"start": "00:08:03", "end": "00:08:06", "text": "definitely don't think PMI is following"}, {"start": "00:08:04", "end": "00:08:09", "text": "Bitcoin. Crypto PMI has been around"}, {"start": "00:08:06", "end": "00:08:11", "text": "since the 40s. Crypto hasn't. I think"}, {"start": "00:08:09", "end": "00:08:14", "text": "crypto is following PMI. And if we get"}, {"start": "00:08:11", "end": "00:08:16", "text": "expansion on PMI in the business cycle"}, {"start": "00:08:14", "end": "00:08:18", "text": "while all the other things are happening"}, {"start": "00:08:16", "end": "00:08:20", "text": "I talked about in yesterday's video,"}, {"start": "00:08:18", "end": "00:08:22", "text": "gold topping, silver topping, copper"}, {"start": "00:08:20", "end": "00:08:25", "text": "bottoming versus gold, all of these"}, {"start": "00:08:22", "end": "00:08:27", "text": "things. I think it's something to at"}, {"start": "00:08:25", "end": "00:08:28", "text": "least consider. That's all I'm saying."}, {"start": "00:08:27", "end": "00:08:30", "text": "So, I appreciate you watching. I will"}, {"start": "00:08:28", "end": "00:08:33", "text": "see you all in the next video. God"}, {"start": "00:08:30", "end": "00:08:33", "text": "bless."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "Gold topping, silver topping, PMI"}, {"start": "00:00:03", "end": "00:00:07", "text": "expanding, printers coming. And if you"}, {"start": "00:00:05", "end": "00:00:10", "text": "don't think with this Iran war that"}, {"start": "00:00:07", "end": "00:00:11", "text": "printers are not about to come on, maybe"}, {"start": "00:00:10", "end": "00:00:14", "text": "a good idea to think again. Crypto"}, {"start": "00:00:11", "end": "00:00:16", "text": "bottoming, crypto fear exploding, no"}, {"start": "00:00:14", "end": "00:00:18", "text": "clue what it could possibly all mean."}, {"start": "00:00:16", "end": "00:00:21", "text": "I'm just saying these are my"}, {"start": "00:00:18", "end": "00:00:22", "text": "observations. And what I want to say to"}, {"start": "00:00:21", "end": "00:00:25", "text": "start the video is if you take the"}, {"start": "00:00:22", "end": "00:00:26", "text": "fractal of 2022 kind of going into that"}, {"start": "00:00:25", "end": "00:00:28", "text": "bare market, if you remember,"}, {"start": "00:00:26", "end": "00:00:29", "text": "quantitative tightening just started."}, {"start": "00:00:28", "end": "00:00:31", "text": "You see this a lot right now. this"}, {"start": "00:00:29", "end": "00:00:33", "text": "fractal going into that bare market."}, {"start": "00:00:31", "end": "00:00:36", "text": "Man, this is what's going on right now."}, {"start": "00:00:33", "end": "00:00:38", "text": "Maybe bottom and Q4. And listen, I"}, {"start": "00:00:36", "end": "00:00:40", "text": "respect it. I respect people that want"}, {"start": "00:00:38", "end": "00:00:42", "text": "to have a four-year cycle theory and"}, {"start": "00:00:40", "end": "00:00:44", "text": "think about it like that. That's fine."}, {"start": "00:00:42", "end": "00:00:47", "text": "But I am so totally unsubscribed to that"}, {"start": "00:00:44", "end": "00:00:49", "text": "idea. I I don't see how it makes sense"}, {"start": "00:00:47", "end": "00:00:51", "text": "at all. Especially if you take previous"}, {"start": "00:00:49", "end": "00:00:52", "text": "bare market fractals and you try and do"}, {"start": "00:00:51", "end": "00:00:55", "text": "the same thing. It's it's everything is"}, {"start": "00:00:52", "end": "00:00:57", "text": "different. But not only that, I want to"}, {"start": "00:00:55", "end": "00:00:59", "text": "present to you my observations and my"}, {"start": "00:00:57", "end": "00:01:00", "text": "opinions and I want to bring data. So,"}, {"start": "00:00:59", "end": "00:01:04", "text": "we're going to look at all these charts,"}, {"start": "00:01:00", "end": "00:01:05", "text": "PMI, gold, silver. We have copper, which"}, {"start": "00:01:04", "end": "00:01:07", "text": "is insane. I'm just noticing this"}, {"start": "00:01:05", "end": "00:01:09", "text": "indicator, the MACD. But I want to start"}, {"start": "00:01:07", "end": "00:01:14", "text": "by reading you something because it real"}, {"start": "00:01:09", "end": "00:01:16", "text": "I just realized I think I am so totally"}, {"start": "00:01:14", "end": "00:01:19", "text": "focused on things that are so boring to"}, {"start": "00:01:16", "end": "00:01:21", "text": "so many people in crypto,"}, {"start": "00:01:19", "end": "00:01:23", "text": "but they are so meaningful. I think in"}, {"start": "00:01:21", "end": "00:01:25", "text": "terms of a crypto bull market, the"}, {"start": "00:01:23", "end": "00:01:27", "text": "railroads, the backbone of American"}, {"start": "00:01:25", "end": "00:01:30", "text": "industrials, just reported that volume"}, {"start": "00:01:27", "end": "00:01:32", "text": "excluding coal, had the highest volume"}, {"start": "00:01:30", "end": "00:01:35", "text": "march since 2008. There is so much noise"}, {"start": "00:01:32", "end": "00:01:37", "text": "in the economy, but the signals say that"}, {"start": "00:01:35", "end": "00:01:40", "text": "American industry is doing fantastic."}, {"start": "00:01:37", "end": "00:01:42", "text": "And that is to say, there is an economic"}, {"start": "00:01:40", "end": "00:01:45", "text": "boom that I think is so in the works"}, {"start": "00:01:42", "end": "00:01:47", "text": "right now that is just like a pressure"}, {"start": "00:01:45", "end": "00:01:49", "text": "cooker. And especially if you're a"}, {"start": "00:01:47", "end": "00:01:50", "text": "crypto holder, it is something to pay"}, {"start": "00:01:49", "end": "00:01:53", "text": "attention to, especially if you're"}, {"start": "00:01:50", "end": "00:01:55", "text": "sitting around and waiting for Q4 for a"}, {"start": "00:01:53", "end": "00:01:57", "text": "bottom because something might happen"}, {"start": "00:01:55", "end": "00:02:00", "text": "that comes out of nowhere in the shorter"}, {"start": "00:01:57", "end": "00:02:02", "text": "to midterm that could lead to a crypto"}, {"start": "00:02:00", "end": "00:02:03", "text": "bull run. And these are all the things I"}, {"start": "00:02:02", "end": "00:02:04", "text": "want to talk about in today's video. So,"}, {"start": "00:02:03", "end": "00:02:06", "text": "thank you for cruising through. Thank"}, {"start": "00:02:04", "end": "00:02:09", "text": "you to Caleb and Brown, sponsor and"}, {"start": "00:02:06", "end": "00:02:11", "text": "partner of Crypto Capital Venture. Open"}, {"start": "00:02:09", "end": "00:02:12", "text": "your account in minutes. They are not an"}, {"start": "00:02:11", "end": "00:02:13", "text": "exchange. They're not your typical"}, {"start": "00:02:12", "end": "00:02:15", "text": "exchange, everybody. This is a"}, {"start": "00:02:13", "end": "00:02:18", "text": "brokerage. you get set up, meet your"}, {"start": "00:02:15", "end": "00:02:21", "text": "broker, and start trading or start"}, {"start": "00:02:18", "end": "00:02:22", "text": "accumulating or start brainstorming. If"}, {"start": "00:02:21", "end": "00:02:24", "text": "you're a macro investor like I am and"}, {"start": "00:02:22", "end": "00:02:25", "text": "you're just trying to work through the"}, {"start": "00:02:24", "end": "00:02:28", "text": "cycles, if you're trying to think"}, {"start": "00:02:25", "end": "00:02:30", "text": "through is now a good time to accumulate"}, {"start": "00:02:28", "end": "00:02:32", "text": "or when should I finally take profits"}, {"start": "00:02:30", "end": "00:02:35", "text": "and not roundtrip the bull market, it's"}, {"start": "00:02:32", "end": "00:02:37", "text": "really cool that Caleb Brown just offers"}, {"start": "00:02:35", "end": "00:02:40", "text": "broker, a personal broker that you can"}, {"start": "00:02:37", "end": "00:02:42", "text": "just lock in with, chat with, brainstorm"}, {"start": "00:02:40", "end": "00:02:44", "text": "with, and and kind of just think through"}, {"start": "00:02:42", "end": "00:02:45", "text": "these things with. So relax with the"}, {"start": "00:02:44", "end": "00:02:47", "text": "knowledge that your expert crypto broker"}, {"start": "00:02:45", "end": "00:02:49", "text": "is only ever a phone call away. They've"}, {"start": "00:02:47", "end": "00:02:50", "text": "been around a while through cycles."}, {"start": "00:02:49", "end": "00:02:52", "text": "Click the link below, get set up with"}, {"start": "00:02:50", "end": "00:02:54", "text": "them, and let's start this video. So in"}, {"start": "00:02:52", "end": "00:02:57", "text": "reply to the railroads"}, {"start": "00:02:54", "end": "00:02:58", "text": "railroads data, I want to show you"}, {"start": "00:02:57", "end": "00:03:00", "text": "something and then we're going to look"}, {"start": "00:02:58", "end": "00:03:02", "text": "at all these charts, PMI, gold, silver,"}, {"start": "00:03:00", "end": "00:03:04", "text": "and all that and and how it ties into"}, {"start": "00:03:02", "end": "00:03:07", "text": "crypto. But here's Douglas replying to"}, {"start": "00:03:04", "end": "00:03:10", "text": "the railroad comment that I just I just"}, {"start": "00:03:07", "end": "00:03:13", "text": "kind of read. This is exactly what you"}, {"start": "00:03:10", "end": "00:03:17", "text": "want to see going into expansion."}, {"start": "00:03:13", "end": "00:03:19", "text": "Not think about that into expansion. Not"}, {"start": "00:03:17", "end": "00:03:22", "text": "broad strength everywhere, but targeted"}, {"start": "00:03:19", "end": "00:03:24", "text": "acceleration in real economy throughput."}, {"start": "00:03:22", "end": "00:03:26", "text": "Rail, chemicals, grains. That's capital"}, {"start": "00:03:24", "end": "00:03:30", "text": "starting to move again. The rolling"}, {"start": "00:03:26", "end": "00:03:33", "text": "recession since 2022 is aging out. I"}, {"start": "00:03:30", "end": "00:03:36", "text": "like how I ended that. the rolling"}, {"start": "00:03:33", "end": "00:03:38", "text": "recession since 2022."}, {"start": "00:03:36", "end": "00:03:41", "text": "It has been"}, {"start": "00:03:38", "end": "00:03:43", "text": "mind-boggling for me as just somebody"}, {"start": "00:03:41", "end": "00:03:45", "text": "and think about this for yourself."}, {"start": "00:03:43", "end": "00:03:46", "text": "Somebody has just been doing analysis in"}, {"start": "00:03:45", "end": "00:03:49", "text": "crypto through cycles since you know"}, {"start": "00:03:46", "end": "00:03:50", "text": "what 2018. If we go to the PMI chart,"}, {"start": "00:03:49", "end": "00:03:54", "text": "you know, I started this video or the"}, {"start": "00:03:50", "end": "00:03:56", "text": "the YouTube channel like I don't know it"}, {"start": "00:03:54", "end": "00:03:59", "text": "was like January 2018 or something"}, {"start": "00:03:56", "end": "00:04:01", "text": "something like that. But when I think"}, {"start": "00:03:59", "end": "00:04:04", "text": "about when I started the video or the"}, {"start": "00:04:01", "end": "00:04:07", "text": "the YouTube channel right in January"}, {"start": "00:04:04", "end": "00:04:09", "text": "2018, which is basically the top of PMI,"}, {"start": "00:04:07", "end": "00:04:11", "text": "it occurred to me that like this right"}, {"start": "00:04:09", "end": "00:04:13", "text": "here, this is the first time we've ever"}, {"start": "00:04:11", "end": "00:04:14", "text": "even seen business cycles do what"}, {"start": "00:04:13", "end": "00:04:17", "text": "they're doing. And this goes back to the"}, {"start": "00:04:14", "end": "00:04:20", "text": "40s. So I'm as an analyst following a"}, {"start": "00:04:17", "end": "00:04:22", "text": "crypto cycle, a new new asset class in"}, {"start": "00:04:20", "end": "00:04:24", "text": "an environment of a business cycle that"}, {"start": "00:04:22", "end": "00:04:27", "text": "really has never really happened like"}, {"start": "00:04:24", "end": "00:04:29", "text": "this. And that is just this extended"}, {"start": "00:04:27", "end": "00:04:30", "text": "contraction, this extended"}, {"start": "00:04:29", "end": "00:04:33", "text": "consolidation."}, {"start": "00:04:30", "end": "00:04:36", "text": "And so if we get this economic boom, and"}, {"start": "00:04:33", "end": "00:04:38", "text": "by the way, I'm I'm very excited to show"}, {"start": "00:04:36", "end": "00:04:40", "text": "you the copper chart kind of overlaid"}, {"start": "00:04:38", "end": "00:04:42", "text": "with this. But if we get this economic"}, {"start": "00:04:40", "end": "00:04:45", "text": "boom, right?"}, {"start": "00:04:42", "end": "00:04:48", "text": "This is bull markets for crypto. So this"}, {"start": "00:04:45", "end": "00:04:50", "text": "is when bull markets happen for crypto."}, {"start": "00:04:48", "end": "00:04:51", "text": "What if we do get continued expansion?"}, {"start": "00:04:50", "end": "00:04:53", "text": "And by the way, we might get a couple"}, {"start": "00:04:51", "end": "00:04:56", "text": "months of printing lower. Please be"}, {"start": "00:04:53", "end": "00:04:59", "text": "prepared for that. But the if the macro"}, {"start": "00:04:56", "end": "00:05:01", "text": "trend is starting to be up, right, that"}, {"start": "00:04:59", "end": "00:05:02", "text": "is something to pay attention to. Back"}, {"start": "00:05:01", "end": "00:05:05", "text": "to my post though, if we're thinking"}, {"start": "00:05:02", "end": "00:05:07", "text": "about all these other things, gold,"}, {"start": "00:05:05", "end": "00:05:08", "text": "silver, right? Let's go look at gold,"}, {"start": "00:05:07", "end": "00:05:10", "text": "silver. I want to look at copper and"}, {"start": "00:05:08", "end": "00:05:12", "text": "even the Fed balance sheet. By the way,"}, {"start": "00:05:10", "end": "00:05:14", "text": "everybody, years of extraction of"}, {"start": "00:05:12", "end": "00:05:17", "text": "liquidity. Look what's happening right"}, {"start": "00:05:14", "end": "00:05:19", "text": "now. Do you see this? I know it's"}, {"start": "00:05:17", "end": "00:05:21", "text": "nothing crazy. I know it's not like a"}, {"start": "00:05:19", "end": "00:05:25", "text": "COVID level print going on that we saw"}, {"start": "00:05:21", "end": "00:05:28", "text": "back here in 2020, but this is after"}, {"start": "00:05:25", "end": "00:05:31", "text": "years of suppression in terms of Fed"}, {"start": "00:05:28", "end": "00:05:34", "text": "liquidity. That's what that is. Going"}, {"start": "00:05:31", "end": "00:05:38", "text": "back here, gold."}, {"start": "00:05:34", "end": "00:05:40", "text": "So, it's very simple. Every bull market"}, {"start": "00:05:38", "end": "00:05:42", "text": "that started for crypto started with"}, {"start": "00:05:40", "end": "00:05:44", "text": "gold kind of finding its peak. And the"}, {"start": "00:05:42", "end": "00:05:48", "text": "peaks look different across the board."}, {"start": "00:05:44", "end": "00:05:51", "text": "If any peak looks similar uh to to right"}, {"start": "00:05:48", "end": "00:05:53", "text": "now, it would be last the last peak. Not"}, {"start": "00:05:51", "end": "00:05:55", "text": "nearly as parabolic or crazy as what's"}, {"start": "00:05:53", "end": "00:05:58", "text": "happening right now, but you can just"}, {"start": "00:05:55", "end": "00:06:00", "text": "see gold was kind of going crazy and hit"}, {"start": "00:05:58", "end": "00:06:02", "text": "all-time high and then it started cons"}, {"start": "00:06:00", "end": "00:06:04", "text": "consolidating. Right now, gold has been"}, {"start": "00:06:02", "end": "00:06:06", "text": "going crazy in a way that we have not"}, {"start": "00:06:04", "end": "00:06:09", "text": "seen and now is this the top? It's"}, {"start": "00:06:06", "end": "00:06:11", "text": "something to think about because every"}, {"start": "00:06:09", "end": "00:06:13", "text": "bull market starts with that happening."}, {"start": "00:06:11", "end": "00:06:16", "text": "Going over to silver, same thing. I have"}, {"start": "00:06:13", "end": "00:06:19", "text": "2020 top and then the bull market if you"}, {"start": "00:06:16", "end": "00:06:21", "text": "remember November the bull market doors"}, {"start": "00:06:19", "end": "00:06:23", "text": "breaking for Bitcoin 2020 and November"}, {"start": "00:06:21", "end": "00:06:26", "text": "well this was August right so shortly"}, {"start": "00:06:23", "end": "00:06:30", "text": "before that silver topped right now"}, {"start": "00:06:26", "end": "00:06:33", "text": "here's January 2026 top for silver"}, {"start": "00:06:30", "end": "00:06:35", "text": "potentially in let's see what's going to"}, {"start": "00:06:33", "end": "00:06:38", "text": "happen what's going to follow on the"}, {"start": "00:06:35", "end": "00:06:42", "text": "macro is it a crypto bull market"}, {"start": "00:06:38", "end": "00:06:44", "text": "copper so this is copper versus gold"}, {"start": "00:06:42", "end": "00:06:46", "text": "this chart is So cool. And I I talked"}, {"start": "00:06:44", "end": "00:06:47", "text": "about it I think even last week when you"}, {"start": "00:06:46", "end": "00:06:49", "text": "overlay it with PMI, the business"}, {"start": "00:06:47", "end": "00:06:52", "text": "cycles, economic expansion versus"}, {"start": "00:06:49", "end": "00:06:54", "text": "contraction. It's crazy. But not only"}, {"start": "00:06:52", "end": "00:06:57", "text": "that, what I noticed is in terms of bull"}, {"start": "00:06:54", "end": "00:06:59", "text": "markets for crypto, check this out. When"}, {"start": "00:06:57", "end": "00:07:02", "text": "this MACD, the blue line is signaling"}, {"start": "00:06:59", "end": "00:07:05", "text": "above that red line, right? Making its"}, {"start": "00:07:02", "end": "00:07:07", "text": "way above the red line. Every time here"}, {"start": "00:07:05", "end": "00:07:10", "text": "on this chart on the monthly, that has"}, {"start": "00:07:07", "end": "00:07:13", "text": "been a start of a crypto bull market."}, {"start": "00:07:10", "end": "00:07:16", "text": "So, it's like October 2012, October 2016"}, {"start": "00:07:13", "end": "00:07:19", "text": "and like September 2020. You go to"}, {"start": "00:07:16", "end": "00:07:23", "text": "Bitcoin, check this out. This is copper"}, {"start": "00:07:19", "end": "00:07:26", "text": "bottoming versus gold right here, 2012."}, {"start": "00:07:23", "end": "00:07:28", "text": "Right here, 2016. And then right here,"}, {"start": "00:07:26", "end": "00:07:32", "text": "2020. What happened following each of"}, {"start": "00:07:28", "end": "00:07:34", "text": "those times? Bull market. What is"}, {"start": "00:07:32", "end": "00:07:36", "text": "setting up right now on this chart? A"}, {"start": "00:07:34", "end": "00:07:38", "text": "potential similar for only the really"}, {"start": "00:07:36", "end": "00:07:40", "text": "the fourth time that we see on this"}, {"start": "00:07:38", "end": "00:07:44", "text": "chart. I'm sorry. There's one back here,"}, {"start": "00:07:40", "end": "00:07:46", "text": "too. 2008. But obviously, crypto wasn't"}, {"start": "00:07:44", "end": "00:07:51", "text": "wasn't trading. Look at this. For the"}, {"start": "00:07:46", "end": "00:07:53", "text": "fourth time in crypto land, copper MACD"}, {"start": "00:07:51", "end": "00:07:54", "text": "about to make its way above a red signal"}, {"start": "00:07:53", "end": "00:07:58", "text": "line. That is something I'm tracking"}, {"start": "00:07:54", "end": "00:08:00", "text": "right now like crazy alongside"}, {"start": "00:07:58", "end": "00:08:02", "text": "everything else like the business cycle"}, {"start": "00:08:00", "end": "00:08:05", "text": "because again even this chart with the"}, {"start": "00:08:02", "end": "00:08:07", "text": "business cycles and PMI expansion not"}, {"start": "00:08:05", "end": "00:08:10", "text": "only is it bull markets when PMI expands"}, {"start": "00:08:07", "end": "00:08:13", "text": "but it's copper kind of starting to"}, {"start": "00:08:10", "end": "00:08:16", "text": "outperform gold right so on the macro"}, {"start": "00:08:13", "end": "00:08:19", "text": "after years of this record-breaking in"}, {"start": "00:08:16", "end": "00:08:21", "text": "the green contraction"}, {"start": "00:08:19", "end": "00:08:23", "text": "suppression whatever you want to call it"}, {"start": "00:08:21", "end": "00:08:26", "text": "after years if this starts really"}, {"start": "00:08:23", "end": "00:08:27", "text": "expanding on the macro. That is the PMI"}, {"start": "00:08:26", "end": "00:08:31", "text": "starts expanding. I think we're going to"}, {"start": "00:08:27", "end": "00:08:33", "text": "see a MACD line above the signal line"}, {"start": "00:08:31", "end": "00:08:35", "text": "and a turn on the copper versus gold."}, {"start": "00:08:33", "end": "00:08:39", "text": "And every single time, that is what"}, {"start": "00:08:35", "end": "00:08:41", "text": "triggers a crypto bull move. And that's"}, {"start": "00:08:39", "end": "00:08:43", "text": "not my opinion. I'm just trying to"}, {"start": "00:08:41", "end": "00:08:46", "text": "present all of this data to together"}, {"start": "00:08:43", "end": "00:08:48", "text": "very fast. I'm not trying to make these"}, {"start": "00:08:46", "end": "00:08:50", "text": "overdrawn. Maybe I should maybe I should"}, {"start": "00:08:48", "end": "00:08:53", "text": "dig into each piece of data here even"}, {"start": "00:08:50", "end": "00:08:55", "text": "more, but just look at that overlay. So"}, {"start": "00:08:53", "end": "00:08:56", "text": "now we have gold, silver, we looked at"}, {"start": "00:08:55", "end": "00:08:59", "text": "the Fed balance sheet, we're looking at"}, {"start": "00:08:56", "end": "00:09:02", "text": "copper, we're looking at PMI, and we're"}, {"start": "00:08:59", "end": "00:09:04", "text": "seeing hints of an economic boom in so"}, {"start": "00:09:02", "end": "00:09:07", "text": "many different pieces of data. I think"}, {"start": "00:09:04", "end": "00:09:10", "text": "so many people right now, and it's fine,"}, {"start": "00:09:07", "end": "00:09:13", "text": "but I I don't think it's great. I don't"}, {"start": "00:09:10", "end": "00:09:14", "text": "think it's healthy. I think so many"}, {"start": "00:09:13", "end": "00:09:16", "text": "people, especially with the the war in"}, {"start": "00:09:14", "end": "00:09:19", "text": "Iran,"}, {"start": "00:09:16", "end": "00:09:21", "text": "are looking very shortterm. And I think"}, {"start": "00:09:19", "end": "00:09:23", "text": "it's a good idea to zoom out on all of"}, {"start": "00:09:21", "end": "00:09:26", "text": "these charts. Put aside the analysis in"}, {"start": "00:09:23", "end": "00:09:28", "text": "the charts. We just want the war to end."}, {"start": "00:09:26", "end": "00:09:31", "text": "Like we want peace, right? That's"}, {"start": "00:09:28", "end": "00:09:34", "text": "priority, right? And I think it's going"}, {"start": "00:09:31", "end": "00:09:36", "text": "to happen sooner than later. But once"}, {"start": "00:09:34", "end": "00:09:39", "text": "that happens, it's good to think about"}, {"start": "00:09:36", "end": "00:09:41", "text": "what is that going to do to economic"}, {"start": "00:09:39", "end": "00:09:43", "text": "expansion data. What's that going to do?"}, {"start": "00:09:41", "end": "00:09:45", "text": "It's going to bring oil down. What's it"}, {"start": "00:09:43", "end": "00:09:48", "text": "going to do as we have a Fed, a new Fed"}, {"start": "00:09:45", "end": "00:09:50", "text": "chair coming in next month?"}, {"start": "00:09:48", "end": "00:09:52", "text": "what is lining up everybody not even I"}, {"start": "00:09:50", "end": "00:09:55", "text": "don't even want to say the macro in the"}, {"start": "00:09:52", "end": "00:09:56", "text": "long term even in the midterm I think is"}, {"start": "00:09:55", "end": "00:10:00", "text": "something we need to pay attention to"}, {"start": "00:09:56", "end": "00:10:03", "text": "and it is far far more important in my"}, {"start": "00:10:00", "end": "00:10:05", "text": "opinion than a green fractal overlay"}, {"start": "00:10:03", "end": "00:10:08", "text": "from 2022"}, {"start": "00:10:05", "end": "00:10:11", "text": "I'm I'm I'm focusing on all that stuff"}, {"start": "00:10:08", "end": "00:10:13", "text": "not a fractal from 2022 and it'll be"}, {"start": "00:10:11", "end": "00:10:16", "text": "funny if if the fractal from 2022 no"}, {"start": "00:10:13", "end": "00:10:18", "text": "matter what happens it just plays out I"}, {"start": "00:10:16", "end": "00:10:20", "text": "accept that it could"}, {"start": "00:10:18", "end": "00:10:21", "text": "But I'm just saying I'm just that"}, {"start": "00:10:20", "end": "00:10:22", "text": "person. I'm just that type of person"}, {"start": "00:10:21", "end": "00:10:24", "text": "that wants to look at all these other"}, {"start": "00:10:22", "end": "00:10:26", "text": "things and I think they're very"}, {"start": "00:10:24", "end": "00:10:28", "text": "meaningful. So I hope you enjoy this"}, {"start": "00:10:26", "end": "00:10:30", "text": "content. If you do, please hit the"}, {"start": "00:10:28", "end": "00:10:34", "text": "subscribe and like and I will see you"}, {"start": "00:10:30", "end": "00:10:34", "text": "all in the next video. God bless."}]

[{"start": "00:00:00", "end": "00:00:07", "text": "Bitcoin right now down 52%, Ethereum"}, {"start": "00:00:03", "end": "00:00:10", "text": "down 65%, chain link 91% from last cycle"}, {"start": "00:00:07", "end": "00:00:13", "text": "in 2021 and there's been no bull market"}, {"start": "00:00:10", "end": "00:00:17", "text": "in sight. Cardano same story, down 93%,"}, {"start": "00:00:13", "end": "00:00:21", "text": "AVAC down 94%. SUI, this is the first"}, {"start": "00:00:17", "end": "00:00:23", "text": "cycle for SU down currently 85%."}, {"start": "00:00:21", "end": "00:00:26", "text": "I want to start this video and I want to"}, {"start": "00:00:23", "end": "00:00:29", "text": "look at two headlines. Number one, $166"}, {"start": "00:00:26", "end": "00:00:32", "text": "billion Charles Schwab to launch Schwab"}, {"start": "00:00:29", "end": "00:00:34", "text": "crypto account supporting direct Bitcoin"}, {"start": "00:00:32", "end": "00:00:38", "text": "Ethereum trading. But then I want you to"}, {"start": "00:00:34", "end": "00:00:40", "text": "look at this clip. $200 billion Van just"}, {"start": "00:00:38", "end": "00:00:42", "text": "said live on CNBC and then we're going"}, {"start": "00:00:40", "end": "00:00:42", "text": "to look at all these charts. Check it"}, {"start": "00:00:42", "end": "00:00:45", "text": "out."}, {"start": "00:00:42", "end": "00:00:47", "text": ">> Adoption continues to grow and the best"}, {"start": "00:00:45", "end": "00:00:49", "text": "leading indicator is the surveys."}, {"start": "00:00:47", "end": "00:00:51", "text": "Whether you ask retail investors or"}, {"start": "00:00:49", "end": "00:00:53", "text": "institutional investors, do you plan to"}, {"start": "00:00:51", "end": "00:00:55", "text": "allocate more to this asset class in the"}, {"start": "00:00:53", "end": "00:00:57", "text": "future? The answer is yes. And we're"}, {"start": "00:00:55", "end": "00:00:59", "text": "seeing that at the sovereign level."}, {"start": "00:00:57", "end": "00:01:02", "text": ">> I want you to just real quick listen to"}, {"start": "00:00:59", "end": "00:01:04", "text": "what he's about to say in terms of"}, {"start": "00:01:02", "end": "00:01:05", "text": "printers. But also listen to what he's"}, {"start": "00:01:04", "end": "00:01:08", "text": "about to say. And just in terms of"}, {"start": "00:01:05", "end": "00:01:10", "text": "everybody, everybody that is taking an"}, {"start": "00:01:08", "end": "00:01:11", "text": "interest into crypto. This is the first"}, {"start": "00:01:10", "end": "00:01:13", "text": "cycle this has ever happened"}, {"start": "00:01:11", "end": "00:01:15", "text": ">> where the first central bank has just"}, {"start": "00:01:13", "end": "00:01:18", "text": "bought Bitcoin for its foreign exchange"}, {"start": "00:01:15", "end": "00:01:20", "text": "reserves. We're seeing that obviously"}, {"start": "00:01:18", "end": "00:01:22", "text": "across Wall Street. uh you know whether"}, {"start": "00:01:20", "end": "00:01:25", "text": "it's Morgan Stanley filing for a bitcoin"}, {"start": "00:01:22", "end": "00:01:27", "text": "ETF uh and the retail investor"}, {"start": "00:01:25", "end": "00:01:29", "text": "especially outside the US you know"}, {"start": "00:01:27", "end": "00:01:32", "text": "continues to allocate so at some point"}, {"start": "00:01:29", "end": "00:01:37", "text": "the bill for this war will come due and"}, {"start": "00:01:32", "end": "00:01:39", "text": "the fiscal and monetary large in G7 will"}, {"start": "00:01:37", "end": "00:01:41", "text": "become dominant again from a narrative"}, {"start": "00:01:39", "end": "00:01:43", "text": "perspective"}, {"start": "00:01:41", "end": "00:01:44", "text": ">> that's right and just as a quick note I"}, {"start": "00:01:43", "end": "00:01:48", "text": "was looking at the Fed balance sheet"}, {"start": "00:01:44", "end": "00:01:52", "text": "after years of contraction and liquidity"}, {"start": "00:01:48", "end": "00:01:54", "text": "the uh extraction."}, {"start": "00:01:52", "end": "00:01:56", "text": "Look at the Fed balance sheet upticking"}, {"start": "00:01:54", "end": "00:01:58", "text": "to the to the up up and to the right."}, {"start": "00:01:56", "end": "00:02:00", "text": "All right. So, I want to look at these"}, {"start": "00:01:58", "end": "00:02:02", "text": "charts, but what I want to do is I want"}, {"start": "00:02:00", "end": "00:02:06", "text": "to put it in context of something. I saw"}, {"start": "00:02:02", "end": "00:02:08", "text": "just such a good post and I want to just"}, {"start": "00:02:06", "end": "00:02:10", "text": "read it to you very quickly and then I"}, {"start": "00:02:08", "end": "00:02:11", "text": "want to look through what crypto is"}, {"start": "00:02:10", "end": "00:02:13", "text": "doing right now on all these charts, all"}, {"start": "00:02:11", "end": "00:02:15", "text": "of these coins."}, {"start": "00:02:13", "end": "00:02:17", "text": "Everyone loves to cry about how they"}, {"start": "00:02:15", "end": "00:02:18", "text": "would have been a multi-millionaire by"}, {"start": "00:02:17", "end": "00:02:21", "text": "now if they just bought Facebook,"}, {"start": "00:02:18", "end": "00:02:24", "text": "Google, or Airbnb. Crypto is literally"}, {"start": "00:02:21", "end": "00:02:26", "text": "giving you that exact same chance right"}, {"start": "00:02:24", "end": "00:02:29", "text": "now. A new financial system being built"}, {"start": "00:02:26", "end": "00:02:31", "text": "from the ground up. Most assets down 90%"}, {"start": "00:02:29", "end": "00:02:34", "text": "below highs. Fundamentals stronger than"}, {"start": "00:02:31", "end": "00:02:38", "text": "ever. Institutions racing on who can"}, {"start": "00:02:34", "end": "00:02:40", "text": "adopt it the fastest. It never felt safe"}, {"start": "00:02:38", "end": "00:02:43", "text": "to buy. Not Facebook at IPO. Not Amazon"}, {"start": "00:02:40", "end": "00:02:45", "text": "after the dot crash. not Bitcoin at 200."}, {"start": "00:02:43", "end": "00:02:48", "text": "The best entries always felt wrong."}, {"start": "00:02:45", "end": "00:02:50", "text": "That's what made them the best entries."}, {"start": "00:02:48", "end": "00:02:52", "text": "I just want to give a shout out to Simon"}, {"start": "00:02:50", "end": "00:02:54", "text": "over here for this post because it just"}, {"start": "00:02:52", "end": "00:02:57", "text": "sometimes I see posts on X and I share"}, {"start": "00:02:54", "end": "00:02:58", "text": "them with you because they sum up so"}, {"start": "00:02:57", "end": "00:03:01", "text": "much of what I'm thinking in this"}, {"start": "00:02:58", "end": "00:03:04", "text": "context. It's this crypto is giving an"}, {"start": "00:03:01", "end": "00:03:05", "text": "opportunity and I'm not saying go buy"}, {"start": "00:03:04", "end": "00:03:07", "text": "everybody. I'm not saying this is a"}, {"start": "00:03:05", "end": "00:03:10", "text": "guaranteed thing, but crypto is giving"}, {"start": "00:03:07", "end": "00:03:15", "text": "an opportunity that we've seen in"}, {"start": "00:03:10", "end": "00:03:18", "text": "previous, you know, early stage tech"}, {"start": "00:03:15", "end": "00:03:20", "text": "companies like Amazon, like Facebook."}, {"start": "00:03:18", "end": "00:03:22", "text": "Okay? And this especially is what I"}, {"start": "00:03:20", "end": "00:03:24", "text": "wanted to make note of. The best entries"}, {"start": "00:03:22", "end": "00:03:26", "text": "always felt wrong. That's what made them"}, {"start": "00:03:24", "end": "00:03:28", "text": "the best entries. And I look at these"}, {"start": "00:03:26", "end": "00:03:31", "text": "charts, look at chain link. I mean,"}, {"start": "00:03:28", "end": "00:03:33", "text": "Chainlink is like the the heartbeat, the"}, {"start": "00:03:31", "end": "00:03:36", "text": "center of crypto, of of all the"}, {"start": "00:03:33", "end": "00:03:38", "text": "innovation, institutional adoption, in"}, {"start": "00:03:36", "end": "00:03:40", "text": "terms of data and everything. Chain link"}, {"start": "00:03:38", "end": "00:03:42", "text": "is like the center. And look at this"}, {"start": "00:03:40", "end": "00:03:44", "text": "chart. It looks terrible and it's very"}, {"start": "00:03:42", "end": "00:03:46", "text": "uncomfortable. And again, I'm not saying"}, {"start": "00:03:44", "end": "00:03:49", "text": "go buy chain link. But if there's"}, {"start": "00:03:46", "end": "00:03:52", "text": "opportunity anywhere in crypto, it is"}, {"start": "00:03:49", "end": "00:03:54", "text": "right now, everybody. Okay? It's not"}, {"start": "00:03:52", "end": "00:03:56", "text": "going to be from a, you know, investing"}, {"start": "00:03:54", "end": "00:03:58", "text": "standpoint when finally chain links at"}, {"start": "00:03:56", "end": "00:04:00", "text": "$200 billion market cap. It's right now"}, {"start": "00:03:58", "end": "00:04:04", "text": "when it's uncomfortable and I want to"}, {"start": "00:04:00", "end": "00:04:05", "text": "say that. So, in terms of Charles Schwab"}, {"start": "00:04:04", "end": "00:04:07", "text": "and then we're going to go through some"}, {"start": "00:04:05", "end": "00:04:08", "text": "of these charts. CEO Rick Worster says"}, {"start": "00:04:07", "end": "00:04:10", "text": "clients will soon be able to hold"}, {"start": "00:04:08", "end": "00:04:13", "text": "Bitcoin and Ethereum directly starting"}, {"start": "00:04:10", "end": "00:04:15", "text": "with a limited roll out in Q2 before"}, {"start": "00:04:13", "end": "00:04:19", "text": "broader expansion. This is a $12"}, {"start": "00:04:15", "end": "00:04:22", "text": "trillion asset platform with 46 million"}, {"start": "00:04:19", "end": "00:04:24", "text": "client accounts moving into crypto. So"}, {"start": "00:04:22", "end": "00:04:26", "text": "again,"}, {"start": "00:04:24", "end": "00:04:31", "text": "just to piggyback once again on what"}, {"start": "00:04:26", "end": "00:04:34", "text": "Simon was saying, institutions racing"}, {"start": "00:04:31", "end": "00:04:37", "text": "who can adopt it the fastest while the"}, {"start": "00:04:34", "end": "00:04:39", "text": "charts are where they are. And by the"}, {"start": "00:04:37", "end": "00:04:41", "text": "way, while the crypto fear and greed"}, {"start": "00:04:39", "end": "00:04:44", "text": "index remains in extreme fear, extending"}, {"start": "00:04:41", "end": "00:04:47", "text": "the fear streak to 76 days. This is now"}, {"start": "00:04:44", "end": "00:04:49", "text": "the longest such streak since the FTX"}, {"start": "00:04:47", "end": "00:04:51", "text": "collapse. And so we go to the Bitcoin"}, {"start": "00:04:49", "end": "00:04:52", "text": "chart. And on the Bitcoin chart, what I"}, {"start": "00:04:51", "end": "00:04:54", "text": "wanted to just kind of show you, I"}, {"start": "00:04:52", "end": "00:04:55", "text": "thought it was interesting, and it's"}, {"start": "00:04:54", "end": "00:04:57", "text": "going to be interesting to see how this"}, {"start": "00:04:55", "end": "00:05:02", "text": "plays out. Look at each of these dips."}, {"start": "00:04:57", "end": "00:05:04", "text": "86% back here in the 2015 cycle, 84%."}, {"start": "00:05:02", "end": "00:05:09", "text": "Little bit less, right? Right around the"}, {"start": "00:05:04", "end": "00:05:12", "text": "same 2019. And then 2022, 77%."}, {"start": "00:05:09", "end": "00:05:15", "text": "Right now, 52%."}, {"start": "00:05:12", "end": "00:05:17", "text": "It seems like it's diminishing in terms"}, {"start": "00:05:15", "end": "00:05:19", "text": "of the dip and you can already see this"}, {"start": "00:05:17", "end": "00:05:21", "text": "move kind of diminish to the upside. But"}, {"start": "00:05:19", "end": "00:05:25", "text": "I think this is mainly due because we"}, {"start": "00:05:21", "end": "00:05:26", "text": "are in a completely new cycle and we're"}, {"start": "00:05:25", "end": "00:05:28", "text": "going to see this on the total crypto"}, {"start": "00:05:26", "end": "00:05:30", "text": "market cap chart after I go through some"}, {"start": "00:05:28", "end": "00:05:32", "text": "of these altcoins. But the question is"}, {"start": "00:05:30", "end": "00:05:34", "text": "as we sit here and again I'm not sitting"}, {"start": "00:05:32", "end": "00:05:36", "text": "here saying everybody go buy crypto is"}, {"start": "00:05:34", "end": "00:05:38", "text": "the best opportunity ever. But I just"}, {"start": "00:05:36", "end": "00:05:40", "text": "want to try and present like why I'm"}, {"start": "00:05:38", "end": "00:05:42", "text": "still here, what I'm doing, even though"}, {"start": "00:05:40", "end": "00:05:44", "text": "uncomfortable, even though very"}, {"start": "00:05:42", "end": "00:05:46", "text": "frustrating lately for everybody in"}, {"start": "00:05:44", "end": "00:05:49", "text": "crypto. I think there's so much"}, {"start": "00:05:46", "end": "00:05:51", "text": "opportunity. And with that said, maybe"}, {"start": "00:05:49", "end": "00:05:53", "text": "Bitcoin dips further to the downside"}, {"start": "00:05:51", "end": "00:05:56", "text": "into this Fibonacci range, right? Maybe"}, {"start": "00:05:53", "end": "00:05:58", "text": "it's into the 50s, upper 40s. I don't"}, {"start": "00:05:56", "end": "00:06:01", "text": "know how this will play out. I do know"}, {"start": "00:05:58", "end": "00:06:03", "text": "that my thought is that we are towards"}, {"start": "00:06:01", "end": "00:06:06", "text": "the end of a bare move and I think"}, {"start": "00:06:03", "end": "00:06:09", "text": "there's a very nice bullish season in"}, {"start": "00:06:06", "end": "00:06:12", "text": "store that many people are not thinking"}, {"start": "00:06:09", "end": "00:06:16", "text": "is going to happen. And so I've toned"}, {"start": "00:06:12", "end": "00:06:17", "text": "down my my analysis in that regard"}, {"start": "00:06:16", "end": "00:06:19", "text": "because I don't think it's well"}, {"start": "00:06:17", "end": "00:06:20", "text": "tolerated right now. But I think that is"}, {"start": "00:06:19", "end": "00:06:22", "text": "what's setting up right now. And I'm"}, {"start": "00:06:20", "end": "00:06:25", "text": "just trying to track through the bottom"}, {"start": "00:06:22", "end": "00:06:28", "text": "formation. This is Ethereum. Ethereum"}, {"start": "00:06:25", "end": "00:06:30", "text": "kind of almost a similar story. So"}, {"start": "00:06:28", "end": "00:06:35", "text": "there's a 71% dip back here, but really"}, {"start": "00:06:30", "end": "00:06:36", "text": "this first real cycle, 91%."}, {"start": "00:06:35", "end": "00:06:38", "text": "81%."}, {"start": "00:06:36", "end": "00:06:41", "text": "65%."}, {"start": "00:06:38", "end": "00:06:44", "text": "Ethereum telling a very similar story to"}, {"start": "00:06:41", "end": "00:06:46", "text": "what Bitcoin is telling. What's so"}, {"start": "00:06:44", "end": "00:06:48", "text": "intriguing to me is this time around,"}, {"start": "00:06:46", "end": "00:06:50", "text": "and by the way, bit uh Ethereum as well"}, {"start": "00:06:48", "end": "00:06:52", "text": "has not really broken alltime high from"}, {"start": "00:06:50", "end": "00:06:54", "text": "last cycle. Has not had a bull market."}, {"start": "00:06:52", "end": "00:06:56", "text": "Ethereum has not had a bull market. But"}, {"start": "00:06:54", "end": "00:06:57", "text": "what's so intriguing to me and I think"}, {"start": "00:06:56", "end": "00:07:02", "text": "it's just something that I I pay"}, {"start": "00:06:57", "end": "00:07:03", "text": "attention to a lot is just the fact that"}, {"start": "00:07:02", "end": "00:07:05", "text": "this is the first cycle for Ethereum and"}, {"start": "00:07:03", "end": "00:07:09", "text": "Ethereum obviously the biggest altcoin"}, {"start": "00:07:05", "end": "00:07:11", "text": "the biggest coin behind besides Bitcoin"}, {"start": "00:07:09", "end": "00:07:14", "text": "institutions have so much interest in"}, {"start": "00:07:11", "end": "00:07:16", "text": "Ethereum for the first time and they are"}, {"start": "00:07:14", "end": "00:07:18", "text": "positioning with Ethereum whether that's"}, {"start": "00:07:16", "end": "00:07:21", "text": "from a capital perspective capital"}, {"start": "00:07:18", "end": "00:07:24", "text": "allocation or just from a fundamental"}, {"start": "00:07:21", "end": "00:07:26", "text": "structural setting up the from a tech"}, {"start": "00:07:24", "end": "00:07:28", "text": "foundation that's happening for the"}, {"start": "00:07:26", "end": "00:07:31", "text": "first cycle ever as Ethereum has not had"}, {"start": "00:07:28", "end": "00:07:32", "text": "a bull market since 2020. It is now"}, {"start": "00:07:31", "end": "00:07:35", "text": "2026."}, {"start": "00:07:32", "end": "00:07:38", "text": "What that goes on to mean only time will"}, {"start": "00:07:35", "end": "00:07:40", "text": "tell. I just know that that's something"}, {"start": "00:07:38", "end": "00:07:41", "text": "that I would like to be positioned for."}, {"start": "00:07:40", "end": "00:07:43", "text": "And I'm not talking about that in terms"}, {"start": "00:07:41", "end": "00:07:45", "text": "of hey I hold Ethereum. I'm talking"}, {"start": "00:07:43", "end": "00:07:47", "text": "about that in terms of the broader"}, {"start": "00:07:45", "end": "00:07:49", "text": "crypto landscape. Ethereum is painting"}, {"start": "00:07:47", "end": "00:07:52", "text": "the picture of the opportunity because"}, {"start": "00:07:49", "end": "00:07:54", "text": "this story is the same for something"}, {"start": "00:07:52", "end": "00:07:56", "text": "like chain link. I just talked about"}, {"start": "00:07:54", "end": "00:07:59", "text": "what chain link is in terms of crypto,"}, {"start": "00:07:56", "end": "00:08:02", "text": "but it's the same in term in terms of"}, {"start": "00:07:59", "end": "00:08:04", "text": "the mass broad appeal of crypto and"}, {"start": "00:08:02", "end": "00:08:07", "text": "chain link is a contender in that regard"}, {"start": "00:08:04", "end": "00:08:09", "text": "and many of the altcoins are. But look,"}, {"start": "00:08:07", "end": "00:08:11", "text": "down 91%"}, {"start": "00:08:09", "end": "00:08:13", "text": "from, you know, I'm saying ultimately"}, {"start": "00:08:11", "end": "00:08:16", "text": "down 91% by the way. And right now it's"}, {"start": "00:08:13", "end": "00:08:20", "text": "down 84% from the all-time high back"}, {"start": "00:08:16", "end": "00:08:20", "text": "here in 2021."}, {"start": "00:08:20", "end": "00:08:24", "text": "It's uncomfortable."}, {"start": "00:08:22", "end": "00:08:26", "text": "There are no guarantees, right? This"}, {"start": "00:08:24", "end": "00:08:28", "text": "might not play out. But what I'm saying"}, {"start": "00:08:26", "end": "00:08:30", "text": "is, especially because right now there's"}, {"start": "00:08:28", "end": "00:08:33", "text": "so much bearish content because of look"}, {"start": "00:08:30", "end": "00:08:36", "text": "how ugly this is. It's it's it really is"}, {"start": "00:08:33", "end": "00:08:39", "text": "despicable looking."}, {"start": "00:08:36", "end": "00:08:42", "text": "But this is when and where opportunity"}, {"start": "00:08:39", "end": "00:08:44", "text": "finds itself. And this is not just true"}, {"start": "00:08:42", "end": "00:08:47", "text": "for crypto. This has been true for"}, {"start": "00:08:44", "end": "00:08:50", "text": "something like Facebook, like Amazon."}, {"start": "00:08:47", "end": "00:08:53", "text": "Cardano, same story, 93% from all-time"}, {"start": "00:08:50", "end": "00:08:56", "text": "high currently. Right now, down 92%."}, {"start": "00:08:53", "end": "00:09:00", "text": "Right, right around 92%. Same story for"}, {"start": "00:08:56", "end": "00:09:03", "text": "Cardano in terms of its tech. Avac has"}, {"start": "00:09:00", "end": "00:09:05", "text": "its play and narratives down 94%"}, {"start": "00:09:03", "end": "00:09:09", "text": "currently down"}, {"start": "00:09:05", "end": "00:09:12", "text": "uh 93% almost 94%. SUI I like SUI it's"}, {"start": "00:09:09", "end": "00:09:15", "text": "its first cycle there's definitely"}, {"start": "00:09:12", "end": "00:09:18", "text": "institutional uh interest in it's down"}, {"start": "00:09:15", "end": "00:09:21", "text": "85%. everybody. It's not even had a bull"}, {"start": "00:09:18", "end": "00:09:23", "text": "market yet. And then we go and we look"}, {"start": "00:09:21", "end": "00:09:25", "text": "at"}, {"start": "00:09:23", "end": "00:09:26", "text": "what is actually happening now even on"}, {"start": "00:09:25", "end": "00:09:28", "text": "the short term. And then I want to look"}, {"start": "00:09:26", "end": "00:09:31", "text": "at the total crypto market cap chart."}, {"start": "00:09:28", "end": "00:09:34", "text": "Spot bitcoin ETFs recorded $1.32 billion"}, {"start": "00:09:31", "end": "00:09:37", "text": "inflows in March ending a fouryear or a"}, {"start": "00:09:34", "end": "00:09:39", "text": "fourmonth outflow streak and marking the"}, {"start": "00:09:37", "end": "00:09:43", "text": "first positive month of 2026. It feels"}, {"start": "00:09:39", "end": "00:09:46", "text": "like four years. So"}, {"start": "00:09:43", "end": "00:09:47", "text": "that's a shortterm thing to see. and and"}, {"start": "00:09:46", "end": "00:09:49", "text": "it's going to be wavy. There's going to"}, {"start": "00:09:47", "end": "00:09:50", "text": "be outflows and inflows, outflows,"}, {"start": "00:09:49", "end": "00:09:52", "text": "inflows. But that's a short-term"}, {"start": "00:09:50", "end": "00:09:54", "text": "indicator. I think it's interesting for"}, {"start": "00:09:52", "end": "00:09:56", "text": "March. But here's a total crypto market"}, {"start": "00:09:54", "end": "00:09:58", "text": "cap chart. And to to round up"}, {"start": "00:09:56", "end": "00:10:00", "text": "everything, you can even put aside all"}, {"start": "00:09:58", "end": "00:10:02", "text": "the narratives that I've just mentioned"}, {"start": "00:10:00", "end": "00:10:05", "text": "that I think are bullish and create"}, {"start": "00:10:02", "end": "00:10:09", "text": "opportunity. You can just do an analysis"}, {"start": "00:10:05", "end": "00:10:11", "text": "on the chart. Two cycle or 2017 cycle"}, {"start": "00:10:09", "end": "00:10:13", "text": "into 2018"}, {"start": "00:10:11", "end": "00:10:16", "text": "down 88%. This is total crypto market"}, {"start": "00:10:13", "end": "00:10:19", "text": "cap chart. And then last cycle 76% and"}, {"start": "00:10:16", "end": "00:10:21", "text": "then currently this dip 50%. Could it be"}, {"start": "00:10:19", "end": "00:10:24", "text": "lower? Yeah, we're tracking the"}, {"start": "00:10:21", "end": "00:10:26", "text": "formation of this entire dip right now."}, {"start": "00:10:24", "end": "00:10:31", "text": "But what I want to point out to you in"}, {"start": "00:10:26", "end": "00:10:34", "text": "line with these dips, look at where the"}, {"start": "00:10:31", "end": "00:10:36", "text": "bottoms began to form. And this is where"}, {"start": "00:10:34", "end": "00:10:40", "text": "we are right now. And the length of the"}, {"start": "00:10:36", "end": "00:10:41", "text": "bottom back here was like days 2018. The"}, {"start": "00:10:40", "end": "00:10:45", "text": "length of the bottom was here is like"}, {"start": "00:10:41", "end": "00:10:48", "text": "sideways for a a lot longer than days,"}, {"start": "00:10:45", "end": "00:10:50", "text": "right? Months. What's the length going"}, {"start": "00:10:48", "end": "00:10:53", "text": "to be this time? I don't know. But I'm"}, {"start": "00:10:50", "end": "00:10:56", "text": "here to track it. I'm here to anticipate"}, {"start": "00:10:53", "end": "00:10:58", "text": "all scenarios. And with that being said,"}, {"start": "00:10:56", "end": "00:11:02", "text": "lastly, I want to present you this."}, {"start": "00:10:58", "end": "00:11:04", "text": "the PMI, the business cycle. The one"}, {"start": "00:11:02", "end": "00:11:06", "text": "thing that put aside narratives,"}, {"start": "00:11:04", "end": "00:11:10", "text": "fundamentals, technical analysis on the"}, {"start": "00:11:06", "end": "00:11:13", "text": "screen, the one thing I think 95% of"}, {"start": "00:11:10", "end": "00:11:16", "text": "people are not paying attention to. And"}, {"start": "00:11:13", "end": "00:11:18", "text": "I think in hindsight, it's going to tell"}, {"start": "00:11:16", "end": "00:11:20", "text": "the story. And right now I think the"}, {"start": "00:11:18", "end": "00:11:23", "text": "setup and I'm going to continue tracking"}, {"start": "00:11:20", "end": "00:11:26", "text": "this. If we get an economic boom, which"}, {"start": "00:11:23", "end": "00:11:28", "text": "I think many people disagree, is very"}, {"start": "00:11:26", "end": "00:11:32", "text": "much in play for the remainder of 2026"}, {"start": "00:11:28", "end": "00:11:34", "text": "after this Iran war is over. If we get"}, {"start": "00:11:32", "end": "00:11:36", "text": "an economic boom, expansion of the"}, {"start": "00:11:34", "end": "00:11:39", "text": "business cycle, expansion of PMI, that"}, {"start": "00:11:36", "end": "00:11:41", "text": "has marked bull markets. The contraction"}, {"start": "00:11:39", "end": "00:11:44", "text": "has marked bare markets. It just is what"}, {"start": "00:11:41", "end": "00:11:46", "text": "it is. So, I just wanted to present to"}, {"start": "00:11:44", "end": "00:11:48", "text": "that to you at the end as well because I"}, {"start": "00:11:46", "end": "00:11:49", "text": "just think so many people are not paying"}, {"start": "00:11:48", "end": "00:11:52", "text": "attention to it, acting like it's not"}, {"start": "00:11:49", "end": "00:11:54", "text": "relevant or or important. And it's been"}, {"start": "00:11:52", "end": "00:11:56", "text": "one of the most consistent indicators."}, {"start": "00:11:54", "end": "00:11:58", "text": "And by the way, it's a macro indicator."}, {"start": "00:11:56", "end": "00:12:01", "text": "It's not like an indicator that moves"}, {"start": "00:11:58", "end": "00:12:03", "text": "exactly daytoday and monthtomonth. We"}, {"start": "00:12:01", "end": "00:12:06", "text": "can see expansion on PMI and just"}, {"start": "00:12:03", "end": "00:12:09", "text": "trickling down of crypto for months,"}, {"start": "00:12:06", "end": "00:12:13", "text": "right? It's it's a macro"}, {"start": "00:12:09", "end": "00:12:16", "text": "indicator. And so bare markets, bull"}, {"start": "00:12:13", "end": "00:12:18", "text": "markets, bare markets, bull markets,"}, {"start": "00:12:16", "end": "00:12:20", "text": "bare markets,"}, {"start": "00:12:18", "end": "00:12:23", "text": "record-breaking contraction."}, {"start": "00:12:20", "end": "00:12:24", "text": "Is there going to be expansion? That's"}, {"start": "00:12:23", "end": "00:12:26", "text": "what I'm watching on top of everything"}, {"start": "00:12:24", "end": "00:12:27", "text": "else. So, I hope you're having a good"}, {"start": "00:12:26", "end": "00:12:29", "text": "Saturday, everybody. I appreciate you"}, {"start": "00:12:27", "end": "00:12:30", "text": "cruising through. Hit the subscribe if"}, {"start": "00:12:29", "end": "00:12:34", "text": "you're not a subscriber. I will see you"}, {"start": "00:12:30", "end": "00:12:34", "text": "next video. God bless."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "S&P 500 monthly chart. Uhoh. Is this"}, {"start": "00:00:04", "end": "00:00:08", "text": "move going to happen on the monthly?"}, {"start": "00:00:05", "end": "00:00:09", "text": "This trend going back to 2020. I saw"}, {"start": "00:00:08", "end": "00:00:11", "text": "this post from Quinton. This only"}, {"start": "00:00:09", "end": "00:00:13", "text": "happens when Bitcoin is close to the"}, {"start": "00:00:11", "end": "00:00:15", "text": "cycle bottom. I want to discuss that."}, {"start": "00:00:13", "end": "00:00:16", "text": "And I really want to discuss all of"}, {"start": "00:00:15", "end": "00:00:19", "text": "these things in light of Ethereum,"}, {"start": "00:00:16", "end": "00:00:22", "text": "Cardano, and SUI. These charts, the"}, {"start": "00:00:19", "end": "00:00:24", "text": "bottoming out, the accumulation"}, {"start": "00:00:22", "end": "00:00:26", "text": "territory. There's so few people it"}, {"start": "00:00:24", "end": "00:00:29", "text": "seems left in the crypto space. And even"}, {"start": "00:00:26", "end": "00:00:31", "text": "just thinking about accumulation after"}, {"start": "00:00:29", "end": "00:00:33", "text": "just this entire cycle, it's almost"}, {"start": "00:00:31", "end": "00:00:35", "text": "difficult and I get that. But I want to"}, {"start": "00:00:33", "end": "00:00:36", "text": "focus and give different perspectives on"}, {"start": "00:00:35", "end": "00:00:38", "text": "a lot of these charts because look how"}, {"start": "00:00:36", "end": "00:00:40", "text": "ugly this chart is. But I want to give"}, {"start": "00:00:38", "end": "00:00:43", "text": "you some perspective that is just solely"}, {"start": "00:00:40", "end": "00:00:44", "text": "rooted in data. So hit the subscribe on"}, {"start": "00:00:43", "end": "00:00:46", "text": "the way in and let's just jump into the"}, {"start": "00:00:44", "end": "00:00:49", "text": "video. So here's the chart S&P 500. The"}, {"start": "00:00:46", "end": "00:00:51", "text": "question is, is this going to happen?"}, {"start": "00:00:49", "end": "00:00:53", "text": "Total capitulation on this chart. I want"}, {"start": "00:00:51", "end": "00:00:56", "text": "to just make a note this monthly back"}, {"start": "00:00:53", "end": "00:00:58", "text": "here. This was April 2025, tariff"}, {"start": "00:00:56", "end": "00:01:00", "text": "capitulation. Interestingly enough, we"}, {"start": "00:00:58", "end": "00:01:03", "text": "are about a year later to the week"}, {"start": "00:01:00", "end": "00:01:05", "text": "basically and we have this war, this"}, {"start": "00:01:03", "end": "00:01:07", "text": "conflict in the Middle East. We saw"}, {"start": "00:01:05", "end": "00:01:08", "text": "Trump speak last night in terms of the"}, {"start": "00:01:07", "end": "00:01:10", "text": "next two to three weeks. There could be"}, {"start": "00:01:08", "end": "00:01:11", "text": "volatility right now. But what I want to"}, {"start": "00:01:10", "end": "00:01:14", "text": "say is, and I think this is where most"}, {"start": "00:01:11", "end": "00:01:17", "text": "people are torn is this, not just with"}, {"start": "00:01:14", "end": "00:01:19", "text": "S&P, but with crypto in general. What's"}, {"start": "00:01:17", "end": "00:01:21", "text": "the length of time here? What are we"}, {"start": "00:01:19", "end": "00:01:25", "text": "looking at, right? is here's tariff"}, {"start": "00:01:21", "end": "00:01:27", "text": "capitulation last year 28 days. Here's a"}, {"start": "00:01:25", "end": "00:01:30", "text": "small one, seven days. Here's an entire"}, {"start": "00:01:27", "end": "00:01:32", "text": "entry to the bare market, 238 days. Then"}, {"start": "00:01:30", "end": "00:01:36", "text": "we have 28 days right here. This was"}, {"start": "00:01:32", "end": "00:01:38", "text": "back in 2020. Then we have 49 days back"}, {"start": "00:01:36", "end": "00:01:40", "text": "here. This was 2018. And if you've been"}, {"start": "00:01:38", "end": "00:01:41", "text": "here for a while, you've been through"}, {"start": "00:01:40", "end": "00:01:44", "text": "all these dips, especially as it relates"}, {"start": "00:01:41", "end": "00:01:45", "text": "to crypto. So, what I want to do is I"}, {"start": "00:01:44", "end": "00:01:47", "text": "want to try and look at some of these"}, {"start": "00:01:45", "end": "00:01:49", "text": "charts and get a sense of like what this"}, {"start": "00:01:47", "end": "00:01:51", "text": "could look like, but also just make the"}, {"start": "00:01:49", "end": "00:01:54", "text": "point that this has happened multiple"}, {"start": "00:01:51", "end": "00:01:56", "text": "times. This always happens in in in"}, {"start": "00:01:54", "end": "00:01:59", "text": "markets in general, and crypto has been"}, {"start": "00:01:56", "end": "00:02:03", "text": "here before. And right now, for me, I'm"}, {"start": "00:01:59", "end": "00:02:05", "text": "just trying to just survive through it"}, {"start": "00:02:03", "end": "00:02:07", "text": "as as a crypto holder and as a content"}, {"start": "00:02:05", "end": "00:02:10", "text": "creator. This only happens when Bitcoin"}, {"start": "00:02:07", "end": "00:02:11", "text": "is close to the cycle bottom. So,"}, {"start": "00:02:10", "end": "00:02:14", "text": "like I've said, we've been here before."}, {"start": "00:02:11", "end": "00:02:15", "text": "This is a nice perspective on that. And"}, {"start": "00:02:14", "end": "00:02:17", "text": "this is here's what we have going on."}, {"start": "00:02:15", "end": "00:02:20", "text": "Here's price at the top. Bitcoin price"}, {"start": "00:02:17", "end": "00:02:22", "text": "obviously in multi multimonth"}, {"start": "00:02:20", "end": "00:02:24", "text": "consolidation. But in the middle we have"}, {"start": "00:02:22", "end": "00:02:27", "text": "Bitcoin supply in a loss. And just look"}, {"start": "00:02:24", "end": "00:02:29", "text": "at that supply in a loss. And then on"}, {"start": "00:02:27", "end": "00:02:31", "text": "the bottom we have Bitcoin supply and"}, {"start": "00:02:29", "end": "00:02:35", "text": "profit. Look at the Bitcoin supply and"}, {"start": "00:02:31", "end": "00:02:37", "text": "proc profit. So it's like barely any"}, {"start": "00:02:35", "end": "00:02:40", "text": "Bitcoin supply and profit. A lot of"}, {"start": "00:02:37", "end": "00:02:43", "text": "Bitcoin supply and loss. And every time"}, {"start": "00:02:40", "end": "00:02:46", "text": "we have this play out, it's the bottom."}, {"start": "00:02:43", "end": "00:02:48", "text": "And so if we look at this, you know"}, {"start": "00:02:46", "end": "00:02:50", "text": "what's different here on each time? The"}, {"start": "00:02:48", "end": "00:02:52", "text": "time frame. The time frame of the"}, {"start": "00:02:50", "end": "00:02:55", "text": "bottom. What I see a lot of people"}, {"start": "00:02:52", "end": "00:02:58", "text": "doing, and it's fine. It's the easiest"}, {"start": "00:02:55", "end": "00:03:00", "text": "thing to do is just very simply take"}, {"start": "00:02:58", "end": "00:03:02", "text": "like the fractal from the 2022 and bring"}, {"start": "00:03:00", "end": "00:03:04", "text": "it over here, and you're just like, \"All"}, {"start": "00:03:02", "end": "00:03:07", "text": "right, this is going to be long.\" But"}, {"start": "00:03:04", "end": "00:03:09", "text": "there are multiple cycles that have"}, {"start": "00:03:07", "end": "00:03:11", "text": "different time frames. So, for me, it's"}, {"start": "00:03:09", "end": "00:03:13", "text": "not that simple at all. It'd be amazing"}, {"start": "00:03:11", "end": "00:03:16", "text": "if it was. And maybe it does play out"}, {"start": "00:03:13", "end": "00:03:18", "text": "exactly like last cycle in 2022 bottom."}, {"start": "00:03:16", "end": "00:03:19", "text": "But there just seems to be so much"}, {"start": "00:03:18", "end": "00:03:22", "text": "conflicting data in terms of"}, {"start": "00:03:19", "end": "00:03:24", "text": "macroeconomics, just even this chart"}, {"start": "00:03:22", "end": "00:03:27", "text": "right here that you're seeing supply in"}, {"start": "00:03:24", "end": "00:03:28", "text": "loss versus in profit that would suggest"}, {"start": "00:03:27", "end": "00:03:30", "text": "it's that easy. So, we have to be"}, {"start": "00:03:28", "end": "00:03:32", "text": "prepared for every scenario, I think, in"}, {"start": "00:03:30", "end": "00:03:35", "text": "general. So, let's go to Ethereum. What"}, {"start": "00:03:32", "end": "00:03:36", "text": "I wanted to make mention of on Ethereum"}, {"start": "00:03:35", "end": "00:03:38", "text": "is, you know, the other day I talked"}, {"start": "00:03:36", "end": "00:03:41", "text": "about, I think, the stock RSI, the way"}, {"start": "00:03:38", "end": "00:03:44", "text": "that it is just been in absolute"}, {"start": "00:03:41", "end": "00:03:45", "text": "oversold territory, consolidating. And"}, {"start": "00:03:44", "end": "00:03:49", "text": "if you actually look at it, the the the"}, {"start": "00:03:45", "end": "00:03:52", "text": "last time it was even in that type of"}, {"start": "00:03:49", "end": "00:03:55", "text": "range was all the way back here in 2024."}, {"start": "00:03:52", "end": "00:03:59", "text": "But before that, I mean, we're probably"}, {"start": "00:03:55", "end": "00:04:03", "text": "looking at 2018 bottom, right? And that"}, {"start": "00:03:59", "end": "00:04:06", "text": "was a 168 day type of formation there."}, {"start": "00:04:03", "end": "00:04:08", "text": "Right now you can see 161 days in terms"}, {"start": "00:04:06", "end": "00:04:12", "text": "of this stock RSI. But what I wanted to"}, {"start": "00:04:08", "end": "00:04:14", "text": "say was this on Ethereum. These this is"}, {"start": "00:04:12", "end": "00:04:16", "text": "what the bottoms look like for the"}, {"start": "00:04:14", "end": "00:04:18", "text": "Ethereum RSI. A slower moving momentum"}, {"start": "00:04:16", "end": "00:04:20", "text": "oscillator from a macro perspective."}, {"start": "00:04:18", "end": "00:04:23", "text": "It's just way more relevant and I think"}, {"start": "00:04:20", "end": "00:04:26", "text": "applicable and helpful for macro"}, {"start": "00:04:23", "end": "00:04:28", "text": "investors. So this is a slower moving"}, {"start": "00:04:26", "end": "00:04:30", "text": "momentum oscillator. The question I have"}, {"start": "00:04:28", "end": "00:04:33", "text": "is as I look at this is just kind of"}, {"start": "00:04:30", "end": "00:04:35", "text": "like are like is not is the bottom is"}, {"start": "00:04:33", "end": "00:04:38", "text": "the bottom not in right now but isn't"}, {"start": "00:04:35", "end": "00:04:41", "text": "the bottom kind of close because we've"}, {"start": "00:04:38", "end": "00:04:44", "text": "been here every time we've been here in"}, {"start": "00:04:41", "end": "00:04:46", "text": "this range it has been the bottom is"}, {"start": "00:04:44", "end": "00:04:48", "text": "this time going to be different that's"}, {"start": "00:04:46", "end": "00:04:51", "text": "the question and I'm not saying the"}, {"start": "00:04:48", "end": "00:04:54", "text": "bottom is in but in my view we are in"}, {"start": "00:04:51", "end": "00:04:56", "text": "the bottoming out territory whether"}, {"start": "00:04:54", "end": "00:04:59", "text": "that's more capitulation we're in that"}, {"start": "00:04:56", "end": "00:05:01", "text": "last bit of a cycle turnaround before"}, {"start": "00:04:59", "end": "00:05:03", "text": "the cycle does turn around and this is"}, {"start": "00:05:01", "end": "00:05:05", "text": "what the Ethereum chart looks like. So"}, {"start": "00:05:03", "end": "00:05:08", "text": "that gives you some context I think in"}, {"start": "00:05:05", "end": "00:05:10", "text": "terms of the macro for altcoins. Again,"}, {"start": "00:05:08", "end": "00:05:13", "text": "I'm not saying the bottom is in. There"}, {"start": "00:05:10", "end": "00:05:15", "text": "is a strong strong case and put aside"}, {"start": "00:05:13", "end": "00:05:16", "text": "everything I've been talking about."}, {"start": "00:05:15", "end": "00:05:20", "text": "There's a strong case we get a very"}, {"start": "00:05:16", "end": "00:05:23", "text": "similar postQT 2019 move and that would"}, {"start": "00:05:20", "end": "00:05:25", "text": "be continuation another fall for for"}, {"start": "00:05:23", "end": "00:05:27", "text": "Ethereum altcoins and crypto in general."}, {"start": "00:05:25", "end": "00:05:30", "text": "That's what happened back here. It was"}, {"start": "00:05:27", "end": "00:05:33", "text": "looking terrible in December 2019. That"}, {"start": "00:05:30", "end": "00:05:37", "text": "was the post QT dip, right? And that"}, {"start": "00:05:33", "end": "00:05:39", "text": "lasted 140 days. Right now, we're like"}, {"start": "00:05:37", "end": "00:05:41", "text": "126 days. The next couple of weeks, this"}, {"start": "00:05:39", "end": "00:05:43", "text": "is aligning very well even with the time"}, {"start": "00:05:41", "end": "00:05:45", "text": "frame of S&P and everything. The next"}, {"start": "00:05:43", "end": "00:05:49", "text": "couple of weeks could be very kind of"}, {"start": "00:05:45", "end": "00:05:52", "text": "tough, volatile, so be prepared. Here is"}, {"start": "00:05:49", "end": "00:05:53", "text": "Cardano. This is Cardano on the weekly."}, {"start": "00:05:52", "end": "00:05:56", "text": "What I wanted to bring up was two"}, {"start": "00:05:53", "end": "00:05:58", "text": "scenarios for Cardano and that is this."}, {"start": "00:05:56", "end": "00:06:01", "text": "Number one, there's this postQT scenario"}, {"start": "00:05:58", "end": "00:06:02", "text": "I just talked about on Ethereum, right?"}, {"start": "00:06:01", "end": "00:06:04", "text": "This is what it looks like. We're"}, {"start": "00:06:02", "end": "00:06:07", "text": "getting close. We're like, like I just"}, {"start": "00:06:04", "end": "00:06:11", "text": "said, I guess it's 100 I think 126 days."}, {"start": "00:06:07", "end": "00:06:15", "text": "So 119 126 days in to the post QT dip."}, {"start": "00:06:11", "end": "00:06:18", "text": "147 days is what it lasted uh last last"}, {"start": "00:06:15", "end": "00:06:21", "text": "cycle. So I have Ethereum at 140 and"}, {"start": "00:06:18", "end": "00:06:24", "text": "Cardano at 147."}, {"start": "00:06:21", "end": "00:06:25", "text": "That's one option, right? And that"}, {"start": "00:06:24", "end": "00:06:27", "text": "aligns very well with the macro right"}, {"start": "00:06:25", "end": "00:06:29", "text": "now and everything going on. But the"}, {"start": "00:06:27", "end": "00:06:31", "text": "other option is this. And I wanted to"}, {"start": "00:06:29", "end": "00:06:33", "text": "bring this up. If you look at this"}, {"start": "00:06:31", "end": "00:06:35", "text": "chart, this is kind of along the lines"}, {"start": "00:06:33", "end": "00:06:39", "text": "of everybody that's comparing entering"}, {"start": "00:06:35", "end": "00:06:40", "text": "the bare market uh of 2022"}, {"start": "00:06:39", "end": "00:06:43", "text": "everything that was happening right"}, {"start": "00:06:40", "end": "00:06:45", "text": "there and we get this like prolonged"}, {"start": "00:06:43", "end": "00:06:49", "text": "bear. So what I want to discuss in terms"}, {"start": "00:06:45", "end": "00:06:52", "text": "of that is this. we have 120 or I'm"}, {"start": "00:06:49", "end": "00:06:58", "text": "sorry 147 days from this move right here"}, {"start": "00:06:52", "end": "00:07:00", "text": "that is um August 2022. The reason why"}, {"start": "00:06:58", "end": "00:07:02", "text": "that's relevant is because look what was"}, {"start": "00:07:00", "end": "00:07:07", "text": "happening. That 20 below the 200 the"}, {"start": "00:07:02", "end": "00:07:09", "text": "green below the um the red right that's"}, {"start": "00:07:07", "end": "00:07:11", "text": "that move."}, {"start": "00:07:09", "end": "00:07:16", "text": "So let me actually move this over a bit."}, {"start": "00:07:11", "end": "00:07:19", "text": "126 days. to 126 days from that move."}, {"start": "00:07:16", "end": "00:07:23", "text": "The 20 below the 200"}, {"start": "00:07:19", "end": "00:07:25", "text": "brings us to June. That's"}, {"start": "00:07:23", "end": "00:07:28", "text": "right now in play. And what I want to"}, {"start": "00:07:25", "end": "00:07:29", "text": "make note of is on Cardano, and I'm not"}, {"start": "00:07:28", "end": "00:07:32", "text": "saying this is what I think. This is not"}, {"start": "00:07:29", "end": "00:07:33", "text": "what I think, but for Cardano, that"}, {"start": "00:07:32", "end": "00:07:35", "text": "wasn't even really a bottom. You can see"}, {"start": "00:07:33", "end": "00:07:37", "text": "Cardono bounced and then we kind of went"}, {"start": "00:07:35", "end": "00:07:39", "text": "lower and we trickled and it was just"}, {"start": "00:07:37", "end": "00:07:42", "text": "months and months of kind of bottoming"}, {"start": "00:07:39", "end": "00:07:44", "text": "out territory. So we could be kind of at"}, {"start": "00:07:42", "end": "00:07:49", "text": "the beginning of that move, right?"}, {"start": "00:07:44", "end": "00:07:51", "text": "Bottom somewhere in June and then you"}, {"start": "00:07:49", "end": "00:07:53", "text": "know volatility and again not till the"}, {"start": "00:07:51", "end": "00:07:55", "text": "end of this year does market bottom and"}, {"start": "00:07:53", "end": "00:07:57", "text": "maybe it's even worse than this right"}, {"start": "00:07:55", "end": "00:08:00", "text": "maybe it's just absolutely terrible."}, {"start": "00:07:57", "end": "00:08:01", "text": "It's in play and it's very extended."}, {"start": "00:08:00", "end": "00:08:02", "text": "It's something to prepare for but I"}, {"start": "00:08:01", "end": "00:08:05", "text": "think there are a lot of different"}, {"start": "00:08:02", "end": "00:08:07", "text": "things happening including if we look at"}, {"start": "00:08:05", "end": "00:08:08", "text": "the broader scope and the broader macro"}, {"start": "00:08:07", "end": "00:08:12", "text": "and what even traditional markets are"}, {"start": "00:08:08", "end": "00:08:15", "text": "doing. I think the S&P 500 will have"}, {"start": "00:08:12", "end": "00:08:17", "text": "capitulated by then and bottomed by then"}, {"start": "00:08:15", "end": "00:08:20", "text": "and therefore I think that we're going"}, {"start": "00:08:17", "end": "00:08:22", "text": "to get a recovery sooner than what that"}, {"start": "00:08:20", "end": "00:08:24", "text": "second option on Cardano might look"}, {"start": "00:08:22", "end": "00:08:26", "text": "like. So that's Cardano. I wanted to"}, {"start": "00:08:24", "end": "00:08:28", "text": "look at to give a perspective on"}, {"start": "00:08:26", "end": "00:08:31", "text": "something and that is this."}, {"start": "00:08:28", "end": "00:08:34", "text": "It is this is a stock RSI completely"}, {"start": "00:08:31", "end": "00:08:36", "text": "oversold. It's just completely been down"}, {"start": "00:08:34", "end": "00:08:39", "text": "even from when it first started printing"}, {"start": "00:08:36", "end": "00:08:41", "text": "here in October or so. And we look at"}, {"start": "00:08:39", "end": "00:08:43", "text": "these monthly candles. One, two, three,"}, {"start": "00:08:41", "end": "00:08:45", "text": "four, five, six, seven red monthly"}, {"start": "00:08:43", "end": "00:08:50", "text": "candles."}, {"start": "00:08:45", "end": "00:08:52", "text": "This chart is like not good-looking at"}, {"start": "00:08:50", "end": "00:08:54", "text": "all. But I want to just flip perspective"}, {"start": "00:08:52", "end": "00:08:56", "text": "just for a moment. And it's not I'm not"}, {"start": "00:08:54", "end": "00:08:58", "text": "trying to be optimistic, but this is"}, {"start": "00:08:56", "end": "00:09:00", "text": "just reality. This is very This is data."}, {"start": "00:08:58", "end": "00:09:03", "text": "This is how it always is."}, {"start": "00:09:00", "end": "00:09:07", "text": "Here's a green candle, right?"}, {"start": "00:09:03", "end": "00:09:08", "text": "One, two, three, four, five green"}, {"start": "00:09:07", "end": "00:09:11", "text": "candles."}, {"start": "00:09:08", "end": "00:09:15", "text": "right? Almost six, but let's call it"}, {"start": "00:09:11", "end": "00:09:17", "text": "five green candles and it was"}, {"start": "00:09:15", "end": "00:09:20", "text": "overbought."}, {"start": "00:09:17", "end": "00:09:22", "text": "And that really was marking the top."}, {"start": "00:09:20", "end": "00:09:24", "text": "Everybody was hype. Everybody was"}, {"start": "00:09:22", "end": "00:09:28", "text": "feeling good. 935%"}, {"start": "00:09:24", "end": "00:09:30", "text": "gains. It was marking the top."}, {"start": "00:09:28", "end": "00:09:34", "text": "It didn't seem like it or feel like it"}, {"start": "00:09:30", "end": "00:09:36", "text": "because emotions get in the way, but"}, {"start": "00:09:34", "end": "00:09:39", "text": "stock RSI quicker movement mental"}, {"start": "00:09:36", "end": "00:09:42", "text": "oscillator completely overbought and"}, {"start": "00:09:39", "end": "00:09:44", "text": "thousand% gains"}, {"start": "00:09:42", "end": "00:09:47", "text": "month after month after month. The top"}, {"start": "00:09:44", "end": "00:09:48", "text": "now month after month after month,"}, {"start": "00:09:47", "end": "00:09:51", "text": "losses, losses, losses, completely"}, {"start": "00:09:48", "end": "00:09:54", "text": "oversold. Doesn't feel like it's going"}, {"start": "00:09:51", "end": "00:09:57", "text": "to end."}, {"start": "00:09:54", "end": "00:09:59", "text": "What is this? That's all I'm saying. I'm"}, {"start": "00:09:57", "end": "00:10:02", "text": "not going to say the bottom is in. Like"}, {"start": "00:09:59", "end": "00:10:03", "text": "I've been saying post QT 2019 if we're"}, {"start": "00:10:02", "end": "00:10:07", "text": "in a similar season the bottom is still"}, {"start": "00:10:03", "end": "00:10:10", "text": "not in couple weeks maybe"}, {"start": "00:10:07", "end": "00:10:12", "text": "if it's going to be a prolonged bear"}, {"start": "00:10:10", "end": "00:10:13", "text": "maybe the bottom's not in right we have"}, {"start": "00:10:12", "end": "00:10:16", "text": "to continue watching in term in my"}, {"start": "00:10:13", "end": "00:10:19", "text": "opinion business cycle all these things"}, {"start": "00:10:16", "end": "00:10:20", "text": "what I am saying is I think we are at"}, {"start": "00:10:19", "end": "00:10:22", "text": "the beginning of the bottom middle of"}, {"start": "00:10:20", "end": "00:10:24", "text": "the bottom end of the bottom we're in"}, {"start": "00:10:22", "end": "00:10:26", "text": "the bottoming out territory in my"}, {"start": "00:10:24", "end": "00:10:27", "text": "opinion and that's just because this is"}, {"start": "00:10:26", "end": "00:10:29", "text": "what the data says and you can go to any"}, {"start": "00:10:27", "end": "00:10:31", "text": "of these charts that I looked looked at"}, {"start": "00:10:29", "end": "00:10:33", "text": "in this video. It's what the data has"}, {"start": "00:10:31", "end": "00:10:35", "text": "said. It's not me just trying to be"}, {"start": "00:10:33", "end": "00:10:38", "text": "optimistic, trying to do bullish videos."}, {"start": "00:10:35", "end": "00:10:39", "text": "I know, you know, I've been a macro bull"}, {"start": "00:10:38", "end": "00:10:41", "text": "even through all of this and a lot of"}, {"start": "00:10:39", "end": "00:10:43", "text": "people don't like that. It's just my"}, {"start": "00:10:41", "end": "00:10:45", "text": "approach to these markets, just being"}, {"start": "00:10:43", "end": "00:10:48", "text": "bullish, remaining bullish on this"}, {"start": "00:10:45", "end": "00:10:50", "text": "crypto space, anticipating downturn. You"}, {"start": "00:10:48", "end": "00:10:52", "text": "all know I always am anticipating it"}, {"start": "00:10:50", "end": "00:10:54", "text": "could all go to zero. I say that I'm"}, {"start": "00:10:52", "end": "00:10:56", "text": "always trying to manage my own risk, but"}, {"start": "00:10:54", "end": "00:10:58", "text": "I'm a macro bull. That's just that's"}, {"start": "00:10:56", "end": "00:10:59", "text": "just how I am. That's just how I'm"}, {"start": "00:10:58", "end": "00:11:02", "text": "building. That's kind of how I have to"}, {"start": "00:10:59", "end": "00:11:04", "text": "be as a builder in this space, right?"}, {"start": "00:11:02", "end": "00:11:07", "text": "Not just content creation, but running"}, {"start": "00:11:04", "end": "00:11:09", "text": "the um the SAS platform, but also my"}, {"start": "00:11:07", "end": "00:11:11", "text": "recruiting firm in crypto. I'm remaining"}, {"start": "00:11:09", "end": "00:11:13", "text": "bullish on the crypto space while always"}, {"start": "00:11:11", "end": "00:11:14", "text": "anticipating downside. That's just my"}, {"start": "00:11:13", "end": "00:11:17", "text": "approach. That's who I am and that's how"}, {"start": "00:11:14", "end": "00:11:20", "text": "I am. But the data doesn't matter how I"}, {"start": "00:11:17", "end": "00:11:22", "text": "am. The data is saying we are oversold."}, {"start": "00:11:20", "end": "00:11:24", "text": "And it's a similar vibe of being"}, {"start": "00:11:22", "end": "00:11:25", "text": "overbought. And did overbought mean it"}, {"start": "00:11:24", "end": "00:11:27", "text": "was just not going to stop going up? it"}, {"start": "00:11:25", "end": "00:11:31", "text": "was just going to keep going up and it"}, {"start": "00:11:27", "end": "00:11:33", "text": "was it was over for the bears. No. And"}, {"start": "00:11:31", "end": "00:11:37", "text": "on any chart, that's pretty much never"}, {"start": "00:11:33", "end": "00:11:40", "text": "what it means. Things always top out,"}, {"start": "00:11:37", "end": "00:11:41", "text": "things always bottom. So, those are just"}, {"start": "00:11:40", "end": "00:11:42", "text": "my thoughts today. I wanted to kind of"}, {"start": "00:11:41", "end": "00:11:44", "text": "go over some of these charts with you. I"}, {"start": "00:11:42", "end": "00:11:46", "text": "appreciate you watching. I will see you"}, {"start": "00:11:44", "end": "00:11:49", "text": "all in the next video. Have a good day."}, {"start": "00:11:46", "end": "00:11:49", "text": "Hang in there. God bless."}]

[{"start": "00:00:00", "end": "00:00:05", "text": "This is massively big news. US"}, {"start": "00:00:03", "end": "00:00:07", "text": "manufacturing defies the odds and has"}, {"start": "00:00:05", "end": "00:00:10", "text": "expanded. Look at this chart. This is"}, {"start": "00:00:07", "end": "00:00:14", "text": "the purchasing managers index. It just"}, {"start": "00:00:10", "end": "00:00:16", "text": "expanded to the upside. 52.7"}, {"start": "00:00:14", "end": "00:00:18", "text": "prints. It's surprising I would say"}, {"start": "00:00:16", "end": "00:00:19", "text": "probably to a lot of people because"}, {"start": "00:00:18", "end": "00:00:22", "text": "March, as you know, was I mean it was"}, {"start": "00:00:19", "end": "00:00:25", "text": "basically one month of war in the Middle"}, {"start": "00:00:22", "end": "00:00:27", "text": "East and oil just kind of skyrocketing."}, {"start": "00:00:25", "end": "00:00:28", "text": "And the question has been how's that"}, {"start": "00:00:27", "end": "00:00:30", "text": "going to affect the economy? And this is"}, {"start": "00:00:28", "end": "00:00:32", "text": "kind of the first piece of data that"}, {"start": "00:00:30", "end": "00:00:35", "text": "we're getting. And it could be"}, {"start": "00:00:32", "end": "00:00:38", "text": "surprising to see that this has"}, {"start": "00:00:35", "end": "00:00:41", "text": "expanded. You know, my thesis in terms"}, {"start": "00:00:38", "end": "00:00:43", "text": "of crypto, crypto happens, crypto bull"}, {"start": "00:00:41", "end": "00:00:45", "text": "markets happen when we get expansion of"}, {"start": "00:00:43", "end": "00:00:48", "text": "the business cycle. It's just the way"}, {"start": "00:00:45", "end": "00:00:49", "text": "it's always been. My thesis has been"}, {"start": "00:00:48", "end": "00:00:51", "text": "that's what's going to happen once"}, {"start": "00:00:49", "end": "00:00:54", "text": "again. If we get continued expansion of"}, {"start": "00:00:51", "end": "00:00:55", "text": "the business cycle because perhaps the"}, {"start": "00:00:54", "end": "00:00:58", "text": "economy is stronger than many are"}, {"start": "00:00:55", "end": "00:01:00", "text": "thinking, we get a bull market at a time"}, {"start": "00:00:58", "end": "00:01:01", "text": "when many are thinking we're not going"}, {"start": "00:01:00", "end": "00:01:04", "text": "to. What I mean by that is if you follow"}, {"start": "00:01:01", "end": "00:01:06", "text": "fouryear cycle theory, this bare market"}, {"start": "00:01:04", "end": "00:01:09", "text": "that we've been in"}, {"start": "00:01:06", "end": "00:01:11", "text": "theoretically won't end until the end of"}, {"start": "00:01:09", "end": "00:01:13", "text": "this year, right? So lower. It's just"}, {"start": "00:01:11", "end": "00:01:14", "text": "going to be a bare market for longer."}, {"start": "00:01:13", "end": "00:01:17", "text": "It's going to follow previous bare"}, {"start": "00:01:14", "end": "00:01:19", "text": "markets. 365day bare market, 365day bare"}, {"start": "00:01:17", "end": "00:01:21", "text": "market all the way back here. I just"}, {"start": "00:01:19", "end": "00:01:24", "text": "want to note from the high to kind of"}, {"start": "00:01:21", "end": "00:01:27", "text": "this area right here of the end of the"}, {"start": "00:01:24", "end": "00:01:29", "text": "bare market 600 some days. But what I"}, {"start": "00:01:27", "end": "00:01:33", "text": "want to point out to you is look at the"}, {"start": "00:01:29", "end": "00:01:36", "text": "PMI overlaid with that"}, {"start": "00:01:33", "end": "00:01:37", "text": "PMI has tracked every bare and bull"}, {"start": "00:01:36", "end": "00:01:38", "text": "market and that's what I want to talk"}, {"start": "00:01:37", "end": "00:01:42", "text": "about in this video and I really want to"}, {"start": "00:01:38", "end": "00:01:44", "text": "break it down for you. So let's start"}, {"start": "00:01:42", "end": "00:01:46", "text": "and I want to actually start by going"}, {"start": "00:01:44", "end": "00:01:48", "text": "over here to this post. I want to make a"}, {"start": "00:01:46", "end": "00:01:51", "text": "just a quick note of something."}, {"start": "00:01:48", "end": "00:01:53", "text": "So expansion continues for another"}, {"start": "00:01:51", "end": "00:01:55", "text": "month. Even with the Middle East war"}, {"start": "00:01:53", "end": "00:01:58", "text": "raging and oil commodity shocks hitting"}, {"start": "00:01:55", "end": "00:01:59", "text": "supply chains, the US economy is more"}, {"start": "00:01:58", "end": "00:02:01", "text": "resilient and better positioned than"}, {"start": "00:01:59", "end": "00:02:03", "text": "many may think. And along with that, and"}, {"start": "00:02:01", "end": "00:02:04", "text": "then we're going to go to the charts. I"}, {"start": "00:02:03", "end": "00:02:09", "text": "just want to make mention of this. This"}, {"start": "00:02:04", "end": "00:02:11", "text": "is a post from uh March 2nd. I'm not"}, {"start": "00:02:09", "end": "00:02:15", "text": "rush. This is when PMI printed last"}, {"start": "00:02:11", "end": "00:02:16", "text": "month higher or at least above 50. I'm"}, {"start": "00:02:15", "end": "00:02:18", "text": "not rushing to confirm anything yet. I"}, {"start": "00:02:16", "end": "00:02:21", "text": "want one to two more months of PMI"}, {"start": "00:02:18", "end": "00:02:23", "text": "prints, but if expansion holds, be very"}, {"start": "00:02:21", "end": "00:02:24", "text": "careful bearish against crypto being"}, {"start": "00:02:23", "end": "00:02:26", "text": "bearish against crypto and the business"}, {"start": "00:02:24", "end": "00:02:28", "text": "cycle is turning. And I want to"}, {"start": "00:02:26", "end": "00:02:31", "text": "reiterate that. And so I said I want one"}, {"start": "00:02:28", "end": "00:02:33", "text": "to two more months of PMI prints. We"}, {"start": "00:02:31", "end": "00:02:35", "text": "just got one month and this was after a"}, {"start": "00:02:33", "end": "00:02:36", "text": "monthlong war with oil prices"}, {"start": "00:02:35", "end": "00:02:39", "text": "skyrocketing. And I think it's very"}, {"start": "00:02:36", "end": "00:02:42", "text": "telling especially when you look at this"}, {"start": "00:02:39", "end": "00:02:46", "text": "true inflation data because I think"}, {"start": "00:02:42", "end": "00:02:47", "text": "inflation is misleading people too. I"}, {"start": "00:02:46", "end": "00:02:49", "text": "think a lot of people are buying into"}, {"start": "00:02:47", "end": "00:02:51", "text": "this narrative that inflation is about"}, {"start": "00:02:49", "end": "00:02:53", "text": "to get out of control and the true"}, {"start": "00:02:51", "end": "00:02:56", "text": "inflation data is showing opposite. This"}, {"start": "00:02:53", "end": "00:02:58", "text": "is from today. The US inflation index"}, {"start": "00:02:56", "end": "00:03:01", "text": "went down quite significantly today from"}, {"start": "00:02:58", "end": "00:03:04", "text": "1.77% to 1.26%."}, {"start": "00:03:01", "end": "00:03:06", "text": "This time the shift is downwards and"}, {"start": "00:03:04", "end": "00:03:09", "text": "unusually strong highlighting multiple"}, {"start": "00:03:06", "end": "00:03:11", "text": "sticky deflationary trends across major"}, {"start": "00:03:09", "end": "00:03:14", "text": "categories. deflationary trends right"}, {"start": "00:03:11", "end": "00:03:17", "text": "now when all I'm seeing in the headlines"}, {"start": "00:03:14", "end": "00:03:19", "text": "often is the case inflation is about to"}, {"start": "00:03:17", "end": "00:03:22", "text": "get out of control. This is not good."}, {"start": "00:03:19", "end": "00:03:24", "text": "Things are very bad. So the data that"}, {"start": "00:03:22", "end": "00:03:26", "text": "keeps pouring out is different than the"}, {"start": "00:03:24", "end": "00:03:30", "text": "headlines that I'm seeing and that's all"}, {"start": "00:03:26", "end": "00:03:32", "text": "happening while Bitcoin crypto is at"}, {"start": "00:03:30", "end": "00:03:35", "text": "bottom of bare market oversold"}, {"start": "00:03:32", "end": "00:03:38", "text": "territories. I might be wrong. the bare"}, {"start": "00:03:35", "end": "00:03:40", "text": "market might extend to October,"}, {"start": "00:03:38", "end": "00:03:42", "text": "November, December 2026."}, {"start": "00:03:40", "end": "00:03:45", "text": "And we're going to find out. Like, we're"}, {"start": "00:03:42", "end": "00:03:48", "text": "at this area now where we're stepping"}, {"start": "00:03:45", "end": "00:03:50", "text": "into Q2 of 2026. We're going to start"}, {"start": "00:03:48", "end": "00:03:52", "text": "finding out. And if I am wrong, I'm"}, {"start": "00:03:50", "end": "00:03:54", "text": "wrong. But I just want to be very"}, {"start": "00:03:52", "end": "00:03:56", "text": "upfront with you. I'm sharing the data"}, {"start": "00:03:54", "end": "00:03:59", "text": "as I see it and just kind of what I"}, {"start": "00:03:56", "end": "00:04:01", "text": "think. As always, we need to be prepared"}, {"start": "00:03:59", "end": "00:04:03", "text": "for every scenario. So, let's start. I"}, {"start": "00:04:01", "end": "00:04:05", "text": "want to look at the PMI chart and really"}, {"start": "00:04:03", "end": "00:04:08", "text": "overlay it with cycles to talk about"}, {"start": "00:04:05", "end": "00:04:09", "text": "these two different"}, {"start": "00:04:08", "end": "00:04:12", "text": "concepts and these two different"}, {"start": "00:04:09", "end": "00:04:13", "text": "thesises. So before I do that, I want to"}, {"start": "00:04:12", "end": "00:04:15", "text": "give a shout out to our partner Caleb"}, {"start": "00:04:13", "end": "00:04:17", "text": "and Brown. I invite you right now,"}, {"start": "00:04:15", "end": "00:04:20", "text": "everybody, click this link in the link"}, {"start": "00:04:17", "end": "00:04:22", "text": "below. Sign up today with them. And if"}, {"start": "00:04:20", "end": "00:04:24", "text": "you do sign up with them, let me know"}, {"start": "00:04:22", "end": "00:04:25", "text": "your thoughts in terms of the experience"}, {"start": "00:04:24", "end": "00:04:28", "text": "you have with their brokers. You get a"}, {"start": "00:04:25", "end": "00:04:30", "text": "get a personalized broker when you sign"}, {"start": "00:04:28", "end": "00:04:32", "text": "up with Caleb and Brown to basically"}, {"start": "00:04:30", "end": "00:04:33", "text": "help you. If you want help trading, if"}, {"start": "00:04:32", "end": "00:04:36", "text": "you want insights, if you want to hop on"}, {"start": "00:04:33", "end": "00:04:37", "text": "a call and brainstorm with a broker, you"}, {"start": "00:04:36", "end": "00:04:38", "text": "get that service when you sign up with"}, {"start": "00:04:37", "end": "00:04:40", "text": "them. They are not your typical"}, {"start": "00:04:38", "end": "00:04:43", "text": "exchange. They've been around since"}, {"start": "00:04:40", "end": "00:04:45", "text": "2016. And if right now you're out there"}, {"start": "00:04:43", "end": "00:04:48", "text": "and you are just a macro investor,"}, {"start": "00:04:45", "end": "00:04:49", "text": "you're like me and you think that crypto"}, {"start": "00:04:48", "end": "00:04:52", "text": "is not going anywhere. And if you're"}, {"start": "00:04:49", "end": "00:04:54", "text": "trading or if you're just accumulating,"}, {"start": "00:04:52", "end": "00:04:56", "text": "get signed up with Caleb and Brown. step"}, {"start": "00:04:54", "end": "00:04:59", "text": "into that experience and give it a shot."}, {"start": "00:04:56", "end": "00:05:01", "text": "It's free to sign up. Um, and the link"}, {"start": "00:04:59", "end": "00:05:03", "text": "is in the description below. So, let's"}, {"start": "00:05:01", "end": "00:05:05", "text": "start here on purchasing managers index."}, {"start": "00:05:03", "end": "00:05:08", "text": "What I really just want to illustrate to"}, {"start": "00:05:05", "end": "00:05:10", "text": "you is this."}, {"start": "00:05:08", "end": "00:05:14", "text": "Fouryear cycle theory is here on this"}, {"start": "00:05:10", "end": "00:05:17", "text": "chart. And this is what it looks like."}, {"start": "00:05:14", "end": "00:05:19", "text": "Here are bare markets. I put in red on"}, {"start": "00:05:17", "end": "00:05:21", "text": "this PMI chart and in green are"}, {"start": "00:05:19", "end": "00:05:23", "text": "cryptobull markets. And all this chart"}, {"start": "00:05:21", "end": "00:05:25", "text": "is, this isn't a crypto chart. This is"}, {"start": "00:05:23", "end": "00:05:27", "text": "literally the purchasing managers index"}, {"start": "00:05:25", "end": "00:05:30", "text": "which is a monthly survey of over 400"}, {"start": "00:05:27", "end": "00:05:32", "text": "purchasing managers. When we are above"}, {"start": "00:05:30", "end": "00:05:34", "text": "50, this is when bull markets happen."}, {"start": "00:05:32", "end": "00:05:36", "text": "And you can see right now we're at 52."}, {"start": "00:05:34", "end": "00:05:40", "text": "We've been in years of contraction and"}, {"start": "00:05:36", "end": "00:05:42", "text": "suppression really below 50. So that's"}, {"start": "00:05:40", "end": "00:05:45", "text": "number one what is notable. But what's I"}, {"start": "00:05:42", "end": "00:05:47", "text": "think most notable is this. If we go"}, {"start": "00:05:45", "end": "00:05:49", "text": "over and we look at Bitcoin, here's"}, {"start": "00:05:47", "end": "00:05:51", "text": "Bitcoin all the way here in this bare"}, {"start": "00:05:49", "end": "00:05:53", "text": "market. Um, and this is where this is"}, {"start": "00:05:51", "end": "00:05:56", "text": "really where the cycle the four-year"}, {"start": "00:05:53", "end": "00:05:58", "text": "cycle theory is kind of extracted from."}, {"start": "00:05:56", "end": "00:06:00", "text": "It's these time these timelines that you"}, {"start": "00:05:58", "end": "00:06:02", "text": "see that are just so repetitive and"}, {"start": "00:06:00", "end": "00:06:04", "text": "consistent and it's just that's going to"}, {"start": "00:06:02", "end": "00:06:06", "text": "repeat and we fall into this this"}, {"start": "00:06:04", "end": "00:06:10", "text": "four-year cycle and continued bare"}, {"start": "00:06:06", "end": "00:06:13", "text": "market. But back here, it's 638 days to"}, {"start": "00:06:10", "end": "00:06:14", "text": "this area here in 2015. And if we look"}, {"start": "00:06:13", "end": "00:06:17", "text": "at this, if we want to take it to kind"}, {"start": "00:06:14", "end": "00:06:19", "text": "of that capitulation, it's 426 days."}, {"start": "00:06:17", "end": "00:06:21", "text": "Maybe we do it that way. and it's more"}, {"start": "00:06:19", "end": "00:06:23", "text": "consistent with four-year cycle theory."}, {"start": "00:06:21", "end": "00:06:24", "text": "But either way, I just want to point out"}, {"start": "00:06:23", "end": "00:06:27", "text": "to you, and this is where we're going to"}, {"start": "00:06:24", "end": "00:06:30", "text": "see, we're going to finally see this"}, {"start": "00:06:27", "end": "00:06:32", "text": "right here overlapped with PMI"}, {"start": "00:06:30", "end": "00:06:35", "text": "contraction, right? And then you see the"}, {"start": "00:06:32", "end": "00:06:39", "text": "bull market, bull market, PMI expansion,"}, {"start": "00:06:35", "end": "00:06:41", "text": "and then once again, PMI contraction,"}, {"start": "00:06:39", "end": "00:06:44", "text": "bare market, and then again, bull"}, {"start": "00:06:41", "end": "00:06:46", "text": "market, PMI expansion. This is what it"}, {"start": "00:06:44", "end": "00:06:47", "text": "looks like illustrated on the actual PMI"}, {"start": "00:06:46", "end": "00:06:49", "text": "chart. Now, here's where things get"}, {"start": "00:06:47", "end": "00:06:53", "text": "crazy. We are at this moment where"}, {"start": "00:06:49", "end": "00:06:55", "text": "things are very unique. Like it's never"}, {"start": "00:06:53", "end": "00:06:57", "text": "happened before. Number one, what's"}, {"start": "00:06:55", "end": "00:06:59", "text": "never happened before is the"}, {"start": "00:06:57", "end": "00:07:00", "text": "record-breaking contraction on this"}, {"start": "00:06:59", "end": "00:07:03", "text": "chart. And by the way, you can go back"}, {"start": "00:07:00", "end": "00:07:06", "text": "to like the what is it the 40s and you"}, {"start": "00:07:03", "end": "00:07:08", "text": "won't even really find just this"}, {"start": "00:07:06", "end": "00:07:10", "text": "consolidation on this chart like we've"}, {"start": "00:07:08", "end": "00:07:13", "text": "seen right now. So you can only imagine"}, {"start": "00:07:10", "end": "00:07:15", "text": "how an early asset class like crypto"}, {"start": "00:07:13", "end": "00:07:18", "text": "would react in something like that,"}, {"start": "00:07:15", "end": "00:07:20", "text": "especially altcoins, right? And so now"}, {"start": "00:07:18", "end": "00:07:22", "text": "if the economy is stronger than many"}, {"start": "00:07:20", "end": "00:07:24", "text": "people think and if we go into expansion"}, {"start": "00:07:22", "end": "00:07:27", "text": "and every crypto bull market has"}, {"start": "00:07:24", "end": "00:07:29", "text": "followed expansion then what do you"}, {"start": "00:07:27", "end": "00:07:32", "text": "think might happen? I'm thinking we"}, {"start": "00:07:29", "end": "00:07:34", "text": "could get a bull market sooner than many"}, {"start": "00:07:32", "end": "00:07:37", "text": "people are thinking and I don't want to"}, {"start": "00:07:34", "end": "00:07:40", "text": "say that as just optimistic and"}, {"start": "00:07:37", "end": "00:07:43", "text": "unrealistic. This is I think I think"}, {"start": "00:07:40", "end": "00:07:46", "text": "this is grounded in pretty solid data."}, {"start": "00:07:43", "end": "00:07:48", "text": "It could be completely wrong. Right. And"}, {"start": "00:07:46", "end": "00:07:50", "text": "I say that and I know that and I'm"}, {"start": "00:07:48", "end": "00:07:52", "text": "trying my best to be personally prepared"}, {"start": "00:07:50", "end": "00:07:55", "text": "for that as well. Meaning we have"}, {"start": "00:07:52", "end": "00:07:57", "text": "another like half year of bare market. I"}, {"start": "00:07:55", "end": "00:07:59", "text": "don't want that to happen. I'm trying to"}, {"start": "00:07:57", "end": "00:08:01", "text": "be prepared for it. But what I'm saying"}, {"start": "00:07:59", "end": "00:08:05", "text": "is and the bull thesis is if we get"}, {"start": "00:08:01", "end": "00:08:06", "text": "expansion in the economy and"}, {"start": "00:08:05", "end": "00:08:08", "text": "things are, you know, all the negative"}, {"start": "00:08:06", "end": "00:08:10", "text": "headlines are proven wrong, I think"}, {"start": "00:08:08", "end": "00:08:12", "text": "there's a strong case that we get an"}, {"start": "00:08:10", "end": "00:08:14", "text": "earlier bull market than people think."}, {"start": "00:08:12", "end": "00:08:16", "text": "And that's one thing that I'm also"}, {"start": "00:08:14", "end": "00:08:18", "text": "trying to be prepared for. Now, with"}, {"start": "00:08:16", "end": "00:08:20", "text": "that being said, what I want to speak to"}, {"start": "00:08:18", "end": "00:08:24", "text": "is this because the question is, well,"}, {"start": "00:08:20", "end": "00:08:28", "text": "what is up with this? And for me, it's"}, {"start": "00:08:24", "end": "00:08:30", "text": "very simple. Even with this chart, and"}, {"start": "00:08:28", "end": "00:08:32", "text": "it sounds weird, but I will say I don't"}, {"start": "00:08:30", "end": "00:08:34", "text": "even think the Bitcoin bull market has"}, {"start": "00:08:32", "end": "00:08:36", "text": "happened yet. I think the Bitcoin bull"}, {"start": "00:08:34", "end": "00:08:39", "text": "market that most people are used to will"}, {"start": "00:08:36", "end": "00:08:40", "text": "happen when we get expansion. If we get"}, {"start": "00:08:39", "end": "00:08:42", "text": "expansion, because there's still no"}, {"start": "00:08:40", "end": "00:08:43", "text": "guarantee we're going to get expansion."}, {"start": "00:08:42", "end": "00:08:45", "text": "I want to I want to see I want to"}, {"start": "00:08:43", "end": "00:08:48", "text": "continue to see I want to see next"}, {"start": "00:08:45", "end": "00:08:51", "text": "month's print. It's overall the trends"}, {"start": "00:08:48", "end": "00:08:53", "text": "of these uh of these charts that are"}, {"start": "00:08:51", "end": "00:08:55", "text": "important. The month-to-month is"}, {"start": "00:08:53", "end": "00:08:57", "text": "obviously important but I need I need"}, {"start": "00:08:55", "end": "00:09:00", "text": "more data in terms of this. This is very"}, {"start": "00:08:57", "end": "00:09:02", "text": "macro indicator. So that's why I've been"}, {"start": "00:09:00", "end": "00:09:04", "text": "waiting you know mult through multiple"}, {"start": "00:09:02", "end": "00:09:07", "text": "months for these prints. Long story"}, {"start": "00:09:04", "end": "00:09:10", "text": "short, this in my opinion, call it a"}, {"start": "00:09:07", "end": "00:09:11", "text": "bull market. That's fine. But I would"}, {"start": "00:09:10", "end": "00:09:13", "text": "like to call it like an"}, {"start": "00:09:11", "end": "00:09:16", "text": "institutionalization"}, {"start": "00:09:13", "end": "00:09:19", "text": "bull market. So much hype and adoption"}, {"start": "00:09:16", "end": "00:09:21", "text": "came out of nowhere for Bitcoin as it"}, {"start": "00:09:19", "end": "00:09:24", "text": "was trading, you know. I mean, it was"}, {"start": "00:09:21", "end": "00:09:26", "text": "just it was below $20,000. And then all"}, {"start": "00:09:24", "end": "00:09:27", "text": "of a sudden, we started getting ETF"}, {"start": "00:09:26", "end": "00:09:29", "text": "stuff. We started getting"}, {"start": "00:09:27", "end": "00:09:31", "text": "institutionalization of Bitcoin. The the"}, {"start": "00:09:29", "end": "00:09:33", "text": "banks interested in Bitcoin. all of a"}, {"start": "00:09:31", "end": "00:09:36", "text": "sudden. I think that's what this is. And"}, {"start": "00:09:33", "end": "00:09:38", "text": "we saw this growth on Bitcoin"}, {"start": "00:09:36", "end": "00:09:41", "text": "prior to any type of breakout on the"}, {"start": "00:09:38", "end": "00:09:44", "text": "PMI, and that's a good thing. But right"}, {"start": "00:09:41", "end": "00:09:47", "text": "now, we're in this more kind of short to"}, {"start": "00:09:44", "end": "00:09:49", "text": "midterm consolidation on Bitcoin while"}, {"start": "00:09:47", "end": "00:09:51", "text": "we still wait for an actual PMI"}, {"start": "00:09:49", "end": "00:09:54", "text": "expansion, the business cycle expansion."}, {"start": "00:09:51", "end": "00:09:57", "text": "So, I don't think we've seen an economic"}, {"start": "00:09:54", "end": "00:09:59", "text": "boom type of Bitcoin bull market. And"}, {"start": "00:09:57", "end": "00:10:01", "text": "that's what I think is in play. And"}, {"start": "00:09:59", "end": "00:10:03", "text": "that's what I'm saying. And with that"}, {"start": "00:10:01", "end": "00:10:04", "text": "being said, just not for Bitcoin, but"}, {"start": "00:10:03", "end": "00:10:07", "text": "for altcoins as well, for the crypto"}, {"start": "00:10:04", "end": "00:10:10", "text": "space in general. And all of this is"}, {"start": "00:10:07", "end": "00:10:12", "text": "happening while m once again, not only"}, {"start": "00:10:10", "end": "00:10:14", "text": "we we're oversold on this monthly chart"}, {"start": "00:10:12", "end": "00:10:17", "text": "in territories that we've been in bare"}, {"start": "00:10:14", "end": "00:10:19", "text": "market lows, but institutions this time"}, {"start": "00:10:17", "end": "00:10:21", "text": "are not just positioning in Bitcoin,"}, {"start": "00:10:19", "end": "00:10:24", "text": "they are positioning"}, {"start": "00:10:21", "end": "00:10:26", "text": "in altcoins, right? So, we're seeing"}, {"start": "00:10:24", "end": "00:10:29", "text": "institutionalization of altcoins. And"}, {"start": "00:10:26", "end": "00:10:31", "text": "that's just happening. It is what it is."}, {"start": "00:10:29", "end": "00:10:33", "text": "So, we have the confluence of a lot of"}, {"start": "00:10:31", "end": "00:10:35", "text": "bullish things happening with clarity"}, {"start": "00:10:33", "end": "00:10:37", "text": "act sprinkled in. And so, I'm just"}, {"start": "00:10:35", "end": "00:10:40", "text": "trying to present that data to you. I"}, {"start": "00:10:37", "end": "00:10:41", "text": "don't mean to sit here and say that, you"}, {"start": "00:10:40", "end": "00:10:44", "text": "know, the four cycle is absolutely not"}, {"start": "00:10:41", "end": "00:10:46", "text": "going to happen because it can. And if"}, {"start": "00:10:44", "end": "00:10:48", "text": "it does, the confluence of all of this"}, {"start": "00:10:46", "end": "00:10:50", "text": "data that I'm bringing to you will end"}, {"start": "00:10:48", "end": "00:10:53", "text": "up just being like, wow, I guess none of"}, {"start": "00:10:50", "end": "00:10:55", "text": "it matters, right? None of it matters."}, {"start": "00:10:53", "end": "00:10:57", "text": "The only thing that seems to matter with"}, {"start": "00:10:55", "end": "00:10:59", "text": "a Bitcoin and crypto cycle is the"}, {"start": "00:10:57", "end": "00:11:01", "text": "four-year cycle theory. Maybe that ends"}, {"start": "00:10:59", "end": "00:11:04", "text": "up being the case. Maybe we get PMI"}, {"start": "00:11:01", "end": "00:11:06", "text": "expansion, but crypto does not do"}, {"start": "00:11:04", "end": "00:11:08", "text": "anything and we fall into the bare"}, {"start": "00:11:06", "end": "00:11:09", "text": "market because of four-ear cycle theory"}, {"start": "00:11:08", "end": "00:11:13", "text": "until the end of the year and then"}, {"start": "00:11:09", "end": "00:11:15", "text": "finally crypto, you know, catches up to"}, {"start": "00:11:13", "end": "00:11:18", "text": "business cycle expansion. Maybe that"}, {"start": "00:11:15", "end": "00:11:20", "text": "happens too. But what I'm trying to do"}, {"start": "00:11:18", "end": "00:11:22", "text": "in this video is present both cases to"}, {"start": "00:11:20", "end": "00:11:25", "text": "you and say you know what we are at the"}, {"start": "00:11:22", "end": "00:11:29", "text": "moment where we are about to find out"}, {"start": "00:11:25", "end": "00:11:31", "text": "and this has taken I mean multiple like"}, {"start": "00:11:29", "end": "00:11:34", "text": "every single crypto cycle it's taken"}, {"start": "00:11:31", "end": "00:11:36", "text": "this long to get to this moment. But"}, {"start": "00:11:34", "end": "00:11:40", "text": "what I do know is pretty surprising to"}, {"start": "00:11:36", "end": "00:11:43", "text": "see PMI expanding today even amidst of"}, {"start": "00:11:40", "end": "00:11:46", "text": "everything going on oil prices"}, {"start": "00:11:43", "end": "00:11:47", "text": "skyrocketing and all of that. So, this"}, {"start": "00:11:46", "end": "00:11:48", "text": "is going to be very interesting to"}, {"start": "00:11:47", "end": "00:11:50", "text": "continue to track this story. I wanted"}, {"start": "00:11:48", "end": "00:11:54", "text": "to present the data for you. And either"}, {"start": "00:11:50", "end": "00:11:56", "text": "way, everybody, we have to just buckle"}, {"start": "00:11:54", "end": "00:11:58", "text": "up and prepare for all scenarios. It's"}, {"start": "00:11:56", "end": "00:12:00", "text": "been very difficult. The crypto space"}, {"start": "00:11:58", "end": "00:12:02", "text": "has has been just it is is what it is."}, {"start": "00:12:00", "end": "00:12:04", "text": "Um, but I'm hanging in there. I hope you"}, {"start": "00:12:02", "end": "00:12:06", "text": "are as well. Hit the subscribe if you're"}, {"start": "00:12:04", "end": "00:12:07", "text": "not a subscriber. I appreciate you"}, {"start": "00:12:06", "end": "00:12:11", "text": "watching this content. I'll see you in"}, {"start": "00:12:07", "end": "00:12:11", "text": "the next video. God bless."}]

[{"start": "00:00:00", "end": "00:00:03", "text": "Besides wrestling with the pain of the"}, {"start": "00:00:02", "end": "00:00:05", "text": "situation because if you're a crypto"}, {"start": "00:00:03", "end": "00:00:08", "text": "holder, it's been it's been a very rough"}, {"start": "00:00:05", "end": "00:00:11", "text": "like half a year, I'm also wrestling"}, {"start": "00:00:08", "end": "00:00:13", "text": "with this kind of time frame, the"}, {"start": "00:00:11", "end": "00:00:14", "text": "uncertainty surrounding the time frame."}, {"start": "00:00:13", "end": "00:00:16", "text": "What I mean by that, and I'm going to"}, {"start": "00:00:14", "end": "00:00:17", "text": "actually use Ethereum to really"}, {"start": "00:00:16", "end": "00:00:19", "text": "illustrate this. I want to look at the"}, {"start": "00:00:17", "end": "00:00:21", "text": "Cardano chart in this video as well as"}, {"start": "00:00:19", "end": "00:00:23", "text": "some Cardano news. But to illustrate"}, {"start": "00:00:21", "end": "00:00:25", "text": "this on the total crypto market cap"}, {"start": "00:00:23", "end": "00:00:28", "text": "chart, what I'm saying is this. We're at"}, {"start": "00:00:25", "end": "00:00:30", "text": "this like inflection point where, you"}, {"start": "00:00:28", "end": "00:00:31", "text": "know, we've hit on the total crypto"}, {"start": "00:00:30", "end": "00:00:34", "text": "market cap chart the 200E moving"}, {"start": "00:00:31", "end": "00:00:35", "text": "average. This is an area that marked"}, {"start": "00:00:34", "end": "00:00:37", "text": "really the beginning of the last bare"}, {"start": "00:00:35", "end": "00:00:40", "text": "market, but there were still over 200"}, {"start": "00:00:37", "end": "00:00:41", "text": "days of kind of that move. And there are"}, {"start": "00:00:40", "end": "00:00:43", "text": "a lot of people that are saying that's"}, {"start": "00:00:41", "end": "00:00:46", "text": "the move we just started and you know,"}, {"start": "00:00:43", "end": "00:00:48", "text": "maybe August, September, October, we'll"}, {"start": "00:00:46", "end": "00:00:50", "text": "get finally the end of the bare market."}, {"start": "00:00:48", "end": "00:00:52", "text": "But I'm struggling with that because as"}, {"start": "00:00:50", "end": "00:00:54", "text": "you know, I've been tracking"}, {"start": "00:00:52", "end": "00:00:56", "text": "macroeconomic data. I've been tracking,"}, {"start": "00:00:54", "end": "00:00:58", "text": "you know, when QT started, which was"}, {"start": "00:00:56", "end": "00:01:00", "text": "literally right here. You know, QT just"}, {"start": "00:00:58", "end": "00:01:03", "text": "ended. But it's also even just if you"}, {"start": "00:01:00", "end": "00:01:05", "text": "just go back to 2018, the indicator that"}, {"start": "00:01:03", "end": "00:01:07", "text": "this brought us, the 200 day uh 200E"}, {"start": "00:01:05", "end": "00:01:10", "text": "moving average drop right into, by the"}, {"start": "00:01:07", "end": "00:01:13", "text": "way, oversold, which is also what just"}, {"start": "00:01:10", "end": "00:01:16", "text": "happened. That was literally the bottom."}, {"start": "00:01:13", "end": "00:01:18", "text": "So, there's this conflict, right?"}, {"start": "00:01:16", "end": "00:01:20", "text": "There's so many people right now, and it"}, {"start": "00:01:18", "end": "00:01:21", "text": "doesn't look good at all when they do"}, {"start": "00:01:20", "end": "00:01:24", "text": "it. It really doesn't. They're just kind"}, {"start": "00:01:21", "end": "00:01:25", "text": "of using this fractal um for the market"}, {"start": "00:01:24", "end": "00:01:26", "text": "right here and they're like, \"Dude,"}, {"start": "00:01:25", "end": "00:01:28", "text": "we're going to bottom all the way out in"}, {"start": "00:01:26", "end": "00:01:29", "text": "the fall. It is what it is. That's what"}, {"start": "00:01:28", "end": "00:01:32", "text": "happened last, you know, back here in"}, {"start": "00:01:29", "end": "00:01:34", "text": "2022.\" I have trouble with that, but at"}, {"start": "00:01:32", "end": "00:01:36", "text": "the same time, I have trouble putting"}, {"start": "00:01:34", "end": "00:01:38", "text": "any really timestamp on anything. So,"}, {"start": "00:01:36", "end": "00:01:40", "text": "that's kind of what I want to talk about"}, {"start": "00:01:38", "end": "00:01:41", "text": "in this video. So, hit the subscribe on"}, {"start": "00:01:40", "end": "00:01:42", "text": "your way in and let's just jump into it."}, {"start": "00:01:41", "end": "00:01:45", "text": "So, we're going to look at the Ethereum"}, {"start": "00:01:42", "end": "00:01:47", "text": "chart. We're going to look at ADA chart."}, {"start": "00:01:45", "end": "00:01:48", "text": "Uh there's certain indicators in terms"}, {"start": "00:01:47", "end": "00:01:49", "text": "of time frame that I want to look at"}, {"start": "00:01:48", "end": "00:01:51", "text": "there, but I want to start with"}, {"start": "00:01:49", "end": "00:01:53", "text": "something which is this. And this really"}, {"start": "00:01:51", "end": "00:01:56", "text": "isn't just Cardano news, but it's really"}, {"start": "00:01:53", "end": "00:01:57", "text": "altcoin news. And I think it's notable"}, {"start": "00:01:56", "end": "00:02:01", "text": "to bring things up like this. Not"}, {"start": "00:01:57", "end": "00:02:03", "text": "because I'm trying to be too optimistic"}, {"start": "00:02:01", "end": "00:02:05", "text": "here, but I'm trying to paint the full"}, {"start": "00:02:03", "end": "00:02:08", "text": "picture in terms of where we are just in"}, {"start": "00:02:05", "end": "00:02:10", "text": "crypto, the fundamentals, the"}, {"start": "00:02:08", "end": "00:02:12", "text": "institutionalization. This is Franklin"}, {"start": "00:02:10", "end": "00:02:14", "text": "Templeton, the future of crypto"}, {"start": "00:02:12", "end": "00:02:17", "text": "simplified and streamlined. And by the"}, {"start": "00:02:14", "end": "00:02:19", "text": "way, this was yesterday. Exposure to top"}, {"start": "00:02:17", "end": "00:02:21", "text": "digital assets without the hassle of"}, {"start": "00:02:19", "end": "00:02:24", "text": "investing directly in the tokens."}, {"start": "00:02:21", "end": "00:02:27", "text": "Bitcoin, Cardano, Dogecoin, Ethereum,"}, {"start": "00:02:24", "end": "00:02:29", "text": "Salana, Stellar, XRPPL. I want to make a"}, {"start": "00:02:27", "end": "00:02:32", "text": "note. They put Cardano second. This is"}, {"start": "00:02:29", "end": "00:02:34", "text": "alphabetical order. It looks like to be"}, {"start": "00:02:32", "end": "00:02:36", "text": "completely real, Cardano I think is"}, {"start": "00:02:34", "end": "00:02:39", "text": "second to last. XRP is the first altcoin"}, {"start": "00:02:36", "end": "00:02:42", "text": "behind behind Bitcoin. Um, so that's"}, {"start": "00:02:39", "end": "00:02:45", "text": "what's going on there. But point is"}, {"start": "00:02:42", "end": "00:02:48", "text": "whether it's XRP, Cardano, Bitcoin, even"}, {"start": "00:02:45", "end": "00:02:51", "text": "if you're a Dogecoin holder,"}, {"start": "00:02:48", "end": "00:02:53", "text": "just please do not forget when we're in"}, {"start": "00:02:51", "end": "00:02:55", "text": "these levels. Going back to the Ethereum"}, {"start": "00:02:53", "end": "00:02:58", "text": "chart, which we're about to look at,"}, {"start": "00:02:55", "end": "00:03:00", "text": "please do not forget what's happening in"}, {"start": "00:02:58", "end": "00:03:02", "text": "the broader scope of things. I know the"}, {"start": "00:03:00", "end": "00:03:04", "text": "price action is what it is. It's"}, {"start": "00:03:02", "end": "00:03:06", "text": "absolutely terrible. I was going to do"}, {"start": "00:03:04", "end": "00:03:08", "text": "kind of this video in terms of Chicago"}, {"start": "00:03:06", "end": "00:03:10", "text": "PMI. The data came out today. It wasn't"}, {"start": "00:03:08", "end": "00:03:12", "text": "looking great. um contracted a little"}, {"start": "00:03:10", "end": "00:03:14", "text": "bit to the downside. So, I'm kind of"}, {"start": "00:03:12", "end": "00:03:17", "text": "curious to see what PMI print does this"}, {"start": "00:03:14", "end": "00:03:18", "text": "week. That's for a different story. But"}, {"start": "00:03:17", "end": "00:03:20", "text": "these things as those progress, just"}, {"start": "00:03:18", "end": "00:03:22", "text": "remember the broader story, what's"}, {"start": "00:03:20", "end": "00:03:24", "text": "happening right now. Institutions are"}, {"start": "00:03:22", "end": "00:03:26", "text": "positioning and I just want to remind"}, {"start": "00:03:24", "end": "00:03:30", "text": "you of that. So, here's Ethereum. I want"}, {"start": "00:03:26", "end": "00:03:32", "text": "to discuss this within context to time"}, {"start": "00:03:30", "end": "00:03:36", "text": "frames. So what I did was I was very"}, {"start": "00:03:32", "end": "00:03:38", "text": "curious because this is very uh oversold"}, {"start": "00:03:36", "end": "00:03:40", "text": "on the stock RSI quicker moving momentum"}, {"start": "00:03:38", "end": "00:03:42", "text": "oscillator and I just wanted to go back"}, {"start": "00:03:40", "end": "00:03:44", "text": "and I wanted to see when have we been"}, {"start": "00:03:42", "end": "00:03:46", "text": "here before, right? And here's one of"}, {"start": "00:03:44", "end": "00:03:48", "text": "them actually and it's a notable one"}, {"start": "00:03:46", "end": "00:03:51", "text": "because this was kind of like in the"}, {"start": "00:03:48", "end": "00:03:54", "text": "middle of just this uptrend, right? But"}, {"start": "00:03:51", "end": "00:03:58", "text": "the reason why I want to just as we talk"}, {"start": "00:03:54", "end": "00:04:01", "text": "about this exit out is because I want to"}, {"start": "00:03:58", "end": "00:04:04", "text": "find the confluence between the stock"}, {"start": "00:04:01", "end": "00:04:07", "text": "RSI doing something like this with an"}, {"start": "00:04:04", "end": "00:04:09", "text": "oversold RSI, the slower moving momentum"}, {"start": "00:04:07", "end": "00:04:11", "text": "oscillator. And we don't have that here,"}, {"start": "00:04:09", "end": "00:04:14", "text": "right? So I'm going to mark that out."}, {"start": "00:04:11", "end": "00:04:16", "text": "But going back now, we can look at this."}, {"start": "00:04:14", "end": "00:04:19", "text": "This one I think is very meaningful. By"}, {"start": "00:04:16", "end": "00:04:22", "text": "the way, this is meaningful as well."}, {"start": "00:04:19", "end": "00:04:24", "text": "Oversold. oversold stock RSI tariff"}, {"start": "00:04:22", "end": "00:04:27", "text": "capitulation talk extensively about"}, {"start": "00:04:24", "end": "00:04:31", "text": "that. But going back here 49 days in the"}, {"start": "00:04:27", "end": "00:04:33", "text": "stock RSI oversold area also oversold on"}, {"start": "00:04:31", "end": "00:04:36", "text": "the RSI 49 days. And I want to make a"}, {"start": "00:04:33", "end": "00:04:38", "text": "note of this. This is massive. This was"}, {"start": "00:04:36", "end": "00:04:42", "text": "the Ethereum bottom. And so we go back"}, {"start": "00:04:38", "end": "00:04:44", "text": "another one here is 140 days. Now this"}, {"start": "00:04:42", "end": "00:04:45", "text": "is incredibly meaningful to me. I'm"}, {"start": "00:04:44", "end": "00:04:47", "text": "actually going to exit out, but I do"}, {"start": "00:04:45", "end": "00:04:49", "text": "want to explain real quick why it's"}, {"start": "00:04:47", "end": "00:04:52", "text": "meaning to meaningful to me. This was"}, {"start": "00:04:49", "end": "00:04:55", "text": "the post QT dip, the exact dip that I've"}, {"start": "00:04:52", "end": "00:04:57", "text": "been talking about since December. And I"}, {"start": "00:04:55", "end": "00:04:59", "text": "think we're in it right now. And you can"}, {"start": "00:04:57", "end": "00:05:01", "text": "just notice it lasted around 140 days"}, {"start": "00:04:59", "end": "00:05:03", "text": "for Ethereum. We're not 140 days in yet."}, {"start": "00:05:01", "end": "00:05:07", "text": "I think we're, let me see if we measure"}, {"start": "00:05:03", "end": "00:05:10", "text": "this, maybe 110 or something. 126 days."}, {"start": "00:05:07", "end": "00:05:12", "text": "There's room for a drop to the downside"}, {"start": "00:05:10", "end": "00:05:15", "text": "still. And you can see this postQT dip"}, {"start": "00:05:12", "end": "00:05:16", "text": "back in 2019 ended with this drop to the"}, {"start": "00:05:15", "end": "00:05:18", "text": "downside."}, {"start": "00:05:16", "end": "00:05:21", "text": "I'm not saying it's going to happen, but"}, {"start": "00:05:18", "end": "00:05:23", "text": "I'm saying please be prepared. Right?"}, {"start": "00:05:21", "end": "00:05:26", "text": "Let's go back one more and look at this"}, {"start": "00:05:23", "end": "00:05:29", "text": "one. 168 days stock RSI hobbling around"}, {"start": "00:05:26", "end": "00:05:33", "text": "down here and oversold. So really three"}, {"start": "00:05:29", "end": "00:05:35", "text": "instances where we were oversold here,"}, {"start": "00:05:33", "end": "00:05:39", "text": "hobbling around on the oversold stock"}, {"start": "00:05:35", "end": "00:05:43", "text": "RSI. So there's one 2018 bare market"}, {"start": "00:05:39", "end": "00:05:45", "text": "low. Here's number two, 49 days 2022"}, {"start": "00:05:43", "end": "00:05:47", "text": "bare market low. And then here is number"}, {"start": "00:05:45", "end": "00:05:49", "text": "three, which is the tariff fear, the"}, {"start": "00:05:47", "end": "00:05:51", "text": "tariff capitulation over here in April"}, {"start": "00:05:49", "end": "00:05:55", "text": "2025."}, {"start": "00:05:51", "end": "00:05:57", "text": "That's just the way it is. You go back"}, {"start": "00:05:55", "end": "00:06:00", "text": "to any of these times, whether it's"}, {"start": "00:05:57", "end": "00:06:02", "text": "here, whether it's 2018, whether it's a"}, {"start": "00:06:00", "end": "00:06:04", "text": "tariff low, and even if you go back to"}, {"start": "00:06:02", "end": "00:06:06", "text": "this moment where I'm kind of not paying"}, {"start": "00:06:04", "end": "00:06:07", "text": "attention to it because we didn't have"}, {"start": "00:06:06", "end": "00:06:09", "text": "that confluence in the momentum"}, {"start": "00:06:07", "end": "00:06:13", "text": "oscillators. Even if you go back here,"}, {"start": "00:06:09", "end": "00:06:16", "text": "it looks so bad for crypto."}, {"start": "00:06:13", "end": "00:06:19", "text": "And right now it looks so bad for"}, {"start": "00:06:16", "end": "00:06:21", "text": "crypto. It does. I mean I I personally"}, {"start": "00:06:19", "end": "00:06:23", "text": "am exhausted and I know so many of you"}, {"start": "00:06:21", "end": "00:06:25", "text": "are especially just because this cycle"}, {"start": "00:06:23", "end": "00:06:27", "text": "has been very different. Like we can"}, {"start": "00:06:25", "end": "00:06:29", "text": "think about this consolidation back"}, {"start": "00:06:27", "end": "00:06:32", "text": "here. I mean that was tough. I remember"}, {"start": "00:06:29", "end": "00:06:36", "text": "creating content all in that area. But"}, {"start": "00:06:32", "end": "00:06:38", "text": "the thing is this is even longer of"}, {"start": "00:06:36", "end": "00:06:39", "text": "fakeouts and everything messing with the"}, {"start": "00:06:38", "end": "00:06:41", "text": "head. Whether you're looking at an"}, {"start": "00:06:39", "end": "00:06:42", "text": "Ethereum chart, a Cardano chart, and at"}, {"start": "00:06:41", "end": "00:06:45", "text": "this point, even Bitcoin chart."}, {"start": "00:06:42", "end": "00:06:48", "text": "Bitcoin's down 50%. It didn't have an"}, {"start": "00:06:45", "end": "00:06:50", "text": "amazingly extensive parabolic bull run"}, {"start": "00:06:48", "end": "00:06:54", "text": "like previous cycles, and many people"}, {"start": "00:06:50", "end": "00:06:57", "text": "were very let down by that. So, with all"}, {"start": "00:06:54", "end": "00:07:00", "text": "that being said, what is the point? The"}, {"start": "00:06:57", "end": "00:07:02", "text": "point is, if we look at this oversold"}, {"start": "00:07:00", "end": "00:07:04", "text": "area every time, and I'm not talking"}, {"start": "00:07:02", "end": "00:07:05", "text": "about a time frame now. I'm not saying"}, {"start": "00:07:04", "end": "00:07:08", "text": "the bottom is in. We just looked at"}, {"start": "00:07:05", "end": "00:07:10", "text": "something like the 2019 postQT dip."}, {"start": "00:07:08", "end": "00:07:12", "text": "There's room. There's room and a very"}, {"start": "00:07:10", "end": "00:07:14", "text": "strong case for another leg down. But"}, {"start": "00:07:12", "end": "00:07:16", "text": "every time this was the beginning of the"}, {"start": "00:07:14", "end": "00:07:18", "text": "bottom, the middle of the bottom, the"}, {"start": "00:07:16", "end": "00:07:20", "text": "end of the bottom. Doesn't matter how"}, {"start": "00:07:18", "end": "00:07:24", "text": "you spin it. The entire crypto space is"}, {"start": "00:07:20", "end": "00:07:26", "text": "very split in terms of how much time for"}, {"start": "00:07:24", "end": "00:07:27", "text": "the bottom. Some people are in this"}, {"start": "00:07:26", "end": "00:07:29", "text": "camp. It's going to be until fall,"}, {"start": "00:07:27", "end": "00:07:31", "text": "right? It's just what it is. Some people"}, {"start": "00:07:29", "end": "00:07:34", "text": "are kind of like, dude, we're in like a"}, {"start": "00:07:31", "end": "00:07:36", "text": "2018 bottoming out style. Some people"}, {"start": "00:07:34", "end": "00:07:38", "text": "might be just like we're towards the end"}, {"start": "00:07:36", "end": "00:07:39", "text": "of a post QQT dip. That's kind of more"}, {"start": "00:07:38", "end": "00:07:41", "text": "where I am. The time frames are are"}, {"start": "00:07:39", "end": "00:07:46", "text": "different"}, {"start": "00:07:41", "end": "00:07:48", "text": "across the board. But at this point,"}, {"start": "00:07:46", "end": "00:07:50", "text": "where I mean, if you even just if you"}, {"start": "00:07:48", "end": "00:07:53", "text": "take this, right, at what point does"}, {"start": "00:07:50", "end": "00:07:55", "text": "this uh speculative scenario that many"}, {"start": "00:07:53", "end": "00:07:56", "text": "people are on board with, which is fall,"}, {"start": "00:07:55", "end": "00:07:59", "text": "at what point is it like, okay, we're"}, {"start": "00:07:56", "end": "00:08:00", "text": "almost there, right? Is it June? All of"}, {"start": "00:07:59", "end": "00:08:01", "text": "a sudden, June's here and like, all"}, {"start": "00:08:00", "end": "00:08:03", "text": "right, the bottom's almost here."}, {"start": "00:08:01", "end": "00:08:05", "text": "everybody in the crypto space will"}, {"start": "00:08:03", "end": "00:08:06", "text": "finally be in agreement. My whole point"}, {"start": "00:08:05", "end": "00:08:10", "text": "has been I think the bottom is actually"}, {"start": "00:08:06", "end": "00:08:12", "text": "almost here and then if if I'm wrong,"}, {"start": "00:08:10", "end": "00:08:14", "text": "which I very well could be in June,"}, {"start": "00:08:12", "end": "00:08:17", "text": "July, August, I guess finally the bottom"}, {"start": "00:08:14", "end": "00:08:18", "text": "will almost be here. And so we're"}, {"start": "00:08:17", "end": "00:08:21", "text": "getting very close either way depending"}, {"start": "00:08:18", "end": "00:08:23", "text": "on how the structure forms. I want to go"}, {"start": "00:08:21", "end": "00:08:24", "text": "over and look at Cardano because, you"}, {"start": "00:08:23", "end": "00:08:26", "text": "know, we just looked at the Ethereum"}, {"start": "00:08:24", "end": "00:08:31", "text": "chart. I want to look at Cordono from a"}, {"start": "00:08:26", "end": "00:08:32", "text": "a main perspective of uh the stock RSI"}, {"start": "00:08:31", "end": "00:08:34", "text": "and I want to sprinkle in a little bit"}, {"start": "00:08:32", "end": "00:08:37", "text": "of the MACD because we have a MACD"}, {"start": "00:08:34", "end": "00:08:40", "text": "signal on the weekly. So 154 days so far"}, {"start": "00:08:37", "end": "00:08:43", "text": "this stock RSI being oversold like this."}, {"start": "00:08:40", "end": "00:08:46", "text": "What is so interesting to to me is if we"}, {"start": "00:08:43", "end": "00:08:49", "text": "go back to 201"}, {"start": "00:08:46", "end": "00:08:52", "text": "uh 19 postQT,"}, {"start": "00:08:49", "end": "00:08:54", "text": "you can just see not so much the stock"}, {"start": "00:08:52", "end": "00:08:59", "text": "RSI movement, but if you go back post QT"}, {"start": "00:08:54", "end": "00:09:02", "text": "154 days, that 154 day mark was"}, {"start": "00:08:59", "end": "00:09:04", "text": "the bottom uh for Cardono, right? And"}, {"start": "00:09:02", "end": "00:09:06", "text": "then it started bouncing to the upside"}, {"start": "00:09:04", "end": "00:09:08", "text": "postQT and then obviously CO brought"}, {"start": "00:09:06", "end": "00:09:10", "text": "everything back down for the ultimate"}, {"start": "00:09:08", "end": "00:09:13", "text": "swing low."}, {"start": "00:09:10", "end": "00:09:16", "text": "So 154 days of stock RSI. That's crazy"}, {"start": "00:09:13", "end": "00:09:19", "text": "to me. This isn't to say I'm not sitting"}, {"start": "00:09:16", "end": "00:09:21", "text": "here trying to say the bottom is in. But"}, {"start": "00:09:19", "end": "00:09:23", "text": "what I am saying is Cardano has been"}, {"start": "00:09:21", "end": "00:09:25", "text": "here before and it's been in a moment"}, {"start": "00:09:23", "end": "00:09:27", "text": "where it was like 3 cents. Right now"}, {"start": "00:09:25", "end": "00:09:29", "text": "it's 24 cents. And if we even take this"}, {"start": "00:09:27", "end": "00:09:33", "text": "a step further, if we actually go to the"}, {"start": "00:09:29", "end": "00:09:35", "text": "bare market, 168 days of stock RSI, the"}, {"start": "00:09:33", "end": "00:09:37", "text": "quicker move momentum oscillator just"}, {"start": "00:09:35", "end": "00:09:40", "text": "hobbling around oversold before the"}, {"start": "00:09:37", "end": "00:09:43", "text": "bottom was in. Again, we are 154 days"}, {"start": "00:09:40", "end": "00:09:46", "text": "right now. And this look just during"}, {"start": "00:09:43", "end": "00:09:47", "text": "this move, it was so bad. I mean, it was"}, {"start": "00:09:46", "end": "00:09:49", "text": "if you were looking at studying a"}, {"start": "00:09:47", "end": "00:09:51", "text": "Cardano chart at the time, and I don't I"}, {"start": "00:09:49", "end": "00:09:54", "text": "don't think I was, it absolutely just"}, {"start": "00:09:51", "end": "00:09:57", "text": "looked like, okay, I guess this is over."}, {"start": "00:09:54", "end": "00:09:59", "text": "It's going to zero. That's how crypto"}, {"start": "00:09:57", "end": "00:10:01", "text": "looks right now. Um, this how Cardono"}, {"start": "00:09:59", "end": "00:10:04", "text": "looks right now. If you look at this"}, {"start": "00:10:01", "end": "00:10:08", "text": "chart. Lastly, while, by the way, the"}, {"start": "00:10:04", "end": "00:10:11", "text": "similarities 154 168. While that's"}, {"start": "00:10:08", "end": "00:10:13", "text": "happening, we do have this MACD line"}, {"start": "00:10:11", "end": "00:10:17", "text": "just getting above the signal line over"}, {"start": "00:10:13", "end": "00:10:20", "text": "here. The last time this happened was"}, {"start": "00:10:17", "end": "00:10:24", "text": "back here in July 2025. And you notice"}, {"start": "00:10:20", "end": "00:10:26", "text": "we made this move to the upside. I'm not"}, {"start": "00:10:24", "end": "00:10:28", "text": "looking for a bull market trigger at"}, {"start": "00:10:26", "end": "00:10:31", "text": "this point. What I'm looking for is a"}, {"start": "00:10:28", "end": "00:10:33", "text": "flipping flipping of the uh moving"}, {"start": "00:10:31", "end": "00:10:35", "text": "averages on pretty much every chart. So"}, {"start": "00:10:33", "end": "00:10:37", "text": "for Cardano, what that means is the"}, {"start": "00:10:35", "end": "00:10:40", "text": "moving average is being tested. Right"}, {"start": "00:10:37", "end": "00:10:44", "text": "now the 20we needs to be tested. It"}, {"start": "00:10:40", "end": "00:10:46", "text": "hasn't been tested since September 2025"}, {"start": "00:10:44", "end": "00:10:48", "text": "and that was being tested as support."}, {"start": "00:10:46", "end": "00:10:51", "text": "The last time it was tested as as"}, {"start": "00:10:48", "end": "00:10:53", "text": "resistance was July 2025. Everybody,"}, {"start": "00:10:51", "end": "00:10:56", "text": "Cardano and crypto in general has just"}, {"start": "00:10:53", "end": "00:10:58", "text": "been month after month falling. So, the"}, {"start": "00:10:56", "end": "00:11:00", "text": "question I have is, are we going to get"}, {"start": "00:10:58", "end": "00:11:02", "text": "a retest of the 20week moving average?"}, {"start": "00:11:00", "end": "00:11:04", "text": "That's something I'm looking out for."}, {"start": "00:11:02", "end": "00:11:06", "text": "And the first hint that that might that"}, {"start": "00:11:04", "end": "00:11:08", "text": "might happen. Not saying that's a"}, {"start": "00:11:06", "end": "00:11:10", "text": "bullish confirmation at all. It needs a"}, {"start": "00:11:08", "end": "00:11:13", "text": "break and close well above the 20we and"}, {"start": "00:11:10", "end": "00:11:16", "text": "then finally the 200 and the 50we all"}, {"start": "00:11:13", "end": "00:11:19", "text": "the way up to 57 cents. The first hint"}, {"start": "00:11:16", "end": "00:11:21", "text": "that maybe we get at least a test to see"}, {"start": "00:11:19", "end": "00:11:24", "text": "would be this MACD move because when the"}, {"start": "00:11:21", "end": "00:11:27", "text": "MACD moves above that signal line, so"}, {"start": "00:11:24", "end": "00:11:28", "text": "MACD blue, red is a signal line. That's"}, {"start": "00:11:27", "end": "00:11:30", "text": "when we get the move to these moving"}, {"start": "00:11:28", "end": "00:11:34", "text": "averages. And you can go back, you can"}, {"start": "00:11:30", "end": "00:11:35", "text": "look at uh October 2024 area. That's"}, {"start": "00:11:34", "end": "00:11:37", "text": "what was happening. Breakout above the"}, {"start": "00:11:35", "end": "00:11:40", "text": "moving averages. You can go back to"}, {"start": "00:11:37", "end": "00:11:42", "text": "2023. There's the MACD above the signal."}, {"start": "00:11:40", "end": "00:11:44", "text": "There it is breaking above the moving"}, {"start": "00:11:42", "end": "00:11:46", "text": "averages. That's what I'm looking for"}, {"start": "00:11:44", "end": "00:11:48", "text": "right now for Cardano. Nothing else. Um,"}, {"start": "00:11:46", "end": "00:11:49", "text": "and at the same time, just as we"}, {"start": "00:11:48", "end": "00:11:52", "text": "discussed on Ethereum, it's kind of"}, {"start": "00:11:49", "end": "00:11:56", "text": "like, are we going to see another leg"}, {"start": "00:11:52", "end": "00:11:59", "text": "down? Post QT boom, post QT boom. I've"}, {"start": "00:11:56", "end": "00:12:03", "text": "been talking about the post QD dip, post"}, {"start": "00:11:59", "end": "00:12:06", "text": "QT dip for months, and we've been in it."}, {"start": "00:12:03", "end": "00:12:08", "text": "It's been not fun. And ADA is the same"}, {"start": "00:12:06", "end": "00:12:12", "text": "exact thing as Ethereum. There could be"}, {"start": "00:12:08", "end": "00:12:14", "text": "just a capitulation, the post QT dip."}, {"start": "00:12:12", "end": "00:12:17", "text": "We're so close. Cardano is so close to"}, {"start": "00:12:14", "end": "00:12:19", "text": "sub 20 cents. Um, so just be prepared"}, {"start": "00:12:17", "end": "00:12:20", "text": "for it. It's not me calling it. I'm just"}, {"start": "00:12:19", "end": "00:12:24", "text": "saying be prepared for it. We've had the"}, {"start": "00:12:20", "end": "00:12:26", "text": "post QT QT dip so far. And so if we need"}, {"start": "00:12:24", "end": "00:12:29", "text": "to end it in a similar fashion as we did"}, {"start": "00:12:26", "end": "00:12:31", "text": "back here in 2019, then it is what it"}, {"start": "00:12:29", "end": "00:12:33", "text": "is. So I'm just tracking all these"}, {"start": "00:12:31", "end": "00:12:35", "text": "charts everybody. I'm hanging in there."}, {"start": "00:12:33", "end": "00:12:37", "text": "I'm I'm at least doing my best in terms"}, {"start": "00:12:35", "end": "00:12:39", "text": "of hanging in there and creating"}, {"start": "00:12:37", "end": "00:12:42", "text": "content. It's not been the easiest, but"}, {"start": "00:12:39", "end": "00:12:44", "text": "one thing is certain across all of these"}, {"start": "00:12:42", "end": "00:12:45", "text": "cycles. This isn't the first time I've"}, {"start": "00:12:44", "end": "00:12:46", "text": "been in this moment where I'm like,"}, {"start": "00:12:45", "end": "00:12:48", "text": "dude, I don't want to do a video, but"}, {"start": "00:12:46", "end": "00:12:50", "text": "I'm going to because I've committed to"}, {"start": "00:12:48", "end": "00:12:52", "text": "the consistency of just creating"}, {"start": "00:12:50", "end": "00:12:54", "text": "content. That's what I'm doing. That's a"}, {"start": "00:12:52", "end": "00:12:56", "text": "one piece of Crypto Capital Venture. And"}, {"start": "00:12:54", "end": "00:12:58", "text": "I just continue to do it even when I"}, {"start": "00:12:56", "end": "00:13:00", "text": "don't want to. I can tell you right now,"}, {"start": "00:12:58", "end": "00:13:01", "text": "today was one of those days I just"}, {"start": "00:13:00", "end": "00:13:02", "text": "didn't want to do a video. I was sitting"}, {"start": "00:13:01", "end": "00:13:04", "text": "on the couch behind me. I'm just like,"}, {"start": "00:13:02", "end": "00:13:06", "text": "dude, I I do not want to do a video"}, {"start": "00:13:04", "end": "00:13:08", "text": "today. But I'm going to stay consistent"}, {"start": "00:13:06", "end": "00:13:09", "text": "because no matter what you're doing, I'm"}, {"start": "00:13:08", "end": "00:13:10", "text": "telling you everybody, and I hope this"}, {"start": "00:13:09", "end": "00:13:13", "text": "is encouragement to anybody still"}, {"start": "00:13:10", "end": "00:13:16", "text": "watching, no matter what you're doing,"}, {"start": "00:13:13", "end": "00:13:19", "text": "crypto videos, something else, you're"}, {"start": "00:13:16", "end": "00:13:23", "text": "running a business, you're at work, be"}, {"start": "00:13:19", "end": "00:13:26", "text": "consistent, work hard, do your best,"}, {"start": "00:13:23", "end": "00:13:29", "text": "commit, and do all things for for God"}, {"start": "00:13:26", "end": "00:13:30", "text": "and the glory of the Lord. That's it."}, {"start": "00:13:29", "end": "00:13:32", "text": "And it's not always going to be the"}, {"start": "00:13:30", "end": "00:13:33", "text": "easiest thing. And right now, I'm"}, {"start": "00:13:32", "end": "00:13:35", "text": "telling you right now, as a crypto"}, {"start": "00:13:33", "end": "00:13:36", "text": "content creator, it's not the easiest"}, {"start": "00:13:35", "end": "00:13:38", "text": "thing, but I'm going to I'm going to"}, {"start": "00:13:36", "end": "00:13:41", "text": "stay committed. Going to keep trying to"}, {"start": "00:13:38", "end": "00:13:42", "text": "anticipate all scenarios as we do and"}, {"start": "00:13:41", "end": "00:13:44", "text": "just keep tracking the cycle. So,"}, {"start": "00:13:42", "end": "00:13:45", "text": "appreciate each and every one of you"}, {"start": "00:13:44", "end": "00:13:46", "text": "watching. If you're not a subscriber,"}, {"start": "00:13:45", "end": "00:13:50", "text": "please subscribe. I'll see you in the"}, {"start": "00:13:46", "end": "00:13:50", "text": "next video. God bless."}]

[{"start": "00:00:00", "end": "00:00:06", "text": "Yo, what's up captains and cadetses? Welcome to another recap video. Man, look at this. Look at the marketplace, man. Things just keep on changing for"}, {"start": "00:00:06", "end": "00:00:11", "text": "the better. Um, now we have, you know, like the main like um title placard, whatever they think. Um, it will draw"}, {"start": "00:00:11", "end": "00:00:16", "text": "the most attention, but then you have the second ones that you can click on right down the bottom. Cool stuff, man. Today we're going to talk about the"}, {"start": "00:00:16", "end": "00:00:23", "text": "good, the bad, the ugly, all about Star Atlas. Without further ado, let's get into it. Let's go. Wap."}, {"start": "00:00:35", "end": "00:00:41", "text": "Yo, what's up muds, Onies, oosters, and anyone else that is new to Star Alice, man. Welcome. Um, you know, I was"}, {"start": "00:00:41", "end": "00:00:47", "text": "thinking I'm going to uh equate today's recap video to kind of like the Star Wars franchise, at least uh the original"}, {"start": "00:00:47", "end": "00:00:53", "text": "trilogy. Everyone's seen the, you know, Star Wars. Everyone's seen those first three movies. Um, and so I I was"}, {"start": "00:00:53", "end": "00:00:59", "text": "thinking about it. Um, so like this past Startless Summer, there was so much hype and the hype was fulfilled. We got a lot"}, {"start": "00:00:59", "end": "00:01:04", "text": "of just amazing information, a lot of cool gameplay. A lot of different things were released. Um, I just kind of think"}, {"start": "00:01:04", "end": "00:01:10", "text": "of that as like the New Hope movie. It was just like everything was new and shiny and awesome. You know, at the end"}, {"start": "00:01:10", "end": "00:01:16", "text": "of the movie, we blew up the Death Star, you know, like at the end of summer, everything was like Luke Skywalker wins."}, {"start": "00:01:16", "end": "00:01:22", "text": "Let's have a huge celebration. Everyone gets medals except for Chewbacca. Woo! you know. Um, and uh, yeah, now we're"}, {"start": "00:01:22", "end": "00:01:27", "text": "kind of like in like it's weird like just the community sentiment, you know. It's like we're a little bit into like"}, {"start": "00:01:27", "end": "00:01:34", "text": "Empires, you know, like we still we still love like every we love everything and you know, sometimes a lot of people say Empire is the best movie of all, but"}, {"start": "00:01:34", "end": "00:01:41", "text": "you know, now we're kind of like, you know, we're like, you know, the dark side's kind of winning. you know, it's, you know, it's September and, you know,"}, {"start": "00:01:41", "end": "00:01:47", "text": "whether it's like truly every single September goes down for a certain reason or in crypto or if, you know, we just"}, {"start": "00:01:47", "end": "00:01:53", "text": "kind of like make it happen, you know, it's kind of like a self-fulfilled prophecy, you know, like crypto sentiment just kind of, you know, always"}, {"start": "00:01:53", "end": "00:01:59", "text": "like crashes and everyone's just like, you know, b down the hatches, wait for October. Um, that along with um some"}, {"start": "00:01:59", "end": "00:02:05", "text": "other, you know, like I don't know, like community feedback about like how they feel about like, you know, Star Atlas uh"}, {"start": "00:02:05", "end": "00:02:11", "text": "in a whole. We had, we're going to talk about it, but we had Natlas Brew where people were kind of giving their like, you know, certain number ratio between 1"}, {"start": "00:02:11", "end": "00:02:18", "text": "through 10, what their sentiment was for all the different games and stuff like that. We'll talk about that in a minute. You know, things were a little bit lower. Hollis had a lot of bugs. Zinc is"}, {"start": "00:02:18", "end": "00:02:23", "text": "kind of having a delay being um released for the farming, you know, like the whole entire like zinc zinc campaign"}, {"start": "00:02:23", "end": "00:02:30", "text": "that we were all excited about for September. Um, so it's kind of like Empires, you know,"}, {"start": "00:02:31", "end": "00:02:36", "text": "things, you know, like, you know, aren't going as planned for, you know, the rebels, you know, like, you know, Han"}, {"start": "00:02:36", "end": "00:02:42", "text": "Solo gets, you know, nabbed by Boba Fett and he's stuck in some carbonite. Yo, what's up, man? We got to go save Han"}, {"start": "00:02:42", "end": "00:02:48", "text": "Solo. And all of a sudden, Luke Skywalker finds out that Darth Vader was his dad. What?"}, {"start": "00:02:48", "end": "00:02:53", "text": "What's up with that, man? He gets his hand cut off. He falls down a hole, you know? So, you know, things are kind of"}, {"start": "00:02:53", "end": "00:03:00", "text": "like that right now. But don't worry, man, because we still got a lot coming up for, you know, by the end of the year. We got Jedi coming up, man. Things"}, {"start": "00:03:00", "end": "00:03:06", "text": "are going to just start flying at us, and we're just going to be like so excited about everything. Uh, we might"}, {"start": "00:03:06", "end": "00:03:11", "text": "get C4, we might not get C4, but we have some stuff we're going to talk about that Jose was talking about coming at us"}, {"start": "00:03:11", "end": "00:03:16", "text": "um for the uh single player campaign from Gallalia. This looks like it's going to be a lot of fun. It's supposed"}, {"start": "00:03:16", "end": "00:03:22", "text": "to come to us maybe by Christmas. Woohoo. And we still got the Zinc campaign coming at us. um does just like"}, {"start": "00:03:22", "end": "00:03:28", "text": "a lot of exciting stuff on top of an October uh release for the UE5 game. So, you know what? We're kind of looking"}, {"start": "00:03:28", "end": "00:03:35", "text": "forward to this whole entire Return of the Jedi, right? We're going to have, you know, we're going to have fuzzy little Ewoks. Our man Han Solo is"}, {"start": "00:03:35", "end": "00:03:40", "text": "finally, you know, finally going to fall in love. We're going to have Princess Leia in a metal bikini. Things are going"}, {"start": "00:03:40", "end": "00:03:46", "text": "to be awesome for the rest of the year. So, let's just get through this recap. We're going to talk about the Empire Strikes Back section of the uh you know,"}, {"start": "00:03:46", "end": "00:03:51", "text": "Star Atlas universe. And uh I can't wait for the next recap. we have a lot more positive things to talk about. Not that"}, {"start": "00:03:51", "end": "00:03:57", "text": "everything today is going to be negative. We're just going to poke on some negative things. So, let's get into it. Let's go. All right. So, the first"}, {"start": "00:03:57", "end": "00:04:02", "text": "thing I want to talk about is the big patch that was uh released for um"}, {"start": "00:04:02", "end": "00:04:08", "text": "Starbase. Um we're going to read through it in just a second, but um I want to mention that when the during the Atlas"}, {"start": "00:04:08", "end": "00:04:14", "text": "Brew and people asked about um what their feelings were about Starbased, um I guess there has been a lot of"}, {"start": "00:04:14", "end": "00:04:20", "text": "discussion about these Phantom bases right here. So, the phantom bases have been um recently added after one of the"}, {"start": "00:04:20", "end": "00:04:27", "text": "town halls. And what they were supposed to do is they were supposed to um give um continuous gameplay for the factions"}, {"start": "00:04:27", "end": "00:04:32", "text": "that already have all their bases completed. So, all the bases that have been leveled up to five, you can't level"}, {"start": "00:04:32", "end": "00:04:37", "text": "them up anymore. So, how do you, you know, keep on making XP with those factions? So, um they put on these"}, {"start": "00:04:37", "end": "00:04:43", "text": "phantom bases. And if you are to upgrade those bases, here we go. You have like an endless supply of all these different"}, {"start": "00:04:43", "end": "00:04:49", "text": "components that you can add, like an infinite supply. And uh you know you can continuously get LP. Um on top of that"}, {"start": "00:04:49", "end": "00:04:56", "text": "if you make ink and play in UE5 you can bring over your ink right here and commit the ef efforts and you can actually make LP by a lot of LP by um"}, {"start": "00:04:56", "end": "00:05:02", "text": "throwing in your ink. So it was really cool like tie-in right but I guess what happened is um you know for we'll just"}, {"start": "00:05:02", "end": "00:05:09", "text": "use doesn't have all their bases leveled up. Um this is going to be a big no no if we come to C4 and the bases aren't"}, {"start": "00:05:09", "end": "00:05:15", "text": "leveled up in for instance because those bases that are level five will carry over into um once C4 gets started. Um,"}, {"start": "00:05:15", "end": "00:05:21", "text": "so you start off with, you know, leveled up bases. So what happens or what's happening is everyone's getting lazy and"}, {"start": "00:05:21", "end": "00:05:28", "text": "they're just auto setting all their uh, you know, their their mining and shipping and everything like that. All go to the base instead of leveling up"}, {"start": "00:05:28", "end": "00:05:34", "text": "the, you know, the the bases on the outer reaches that still need to be leveled up. And they're just like just, you know, being lazy and taking in their"}, {"start": "00:05:34", "end": "00:05:40", "text": "LP without uh, working with their faction. Um, now I don't have a big enough um, uh, fleet down here to"}, {"start": "00:05:40", "end": "00:05:47", "text": "actually really be taking in any of this. So like all I I used to be an SDU uh farmer. I was really into SDUs and"}, {"start": "00:05:47", "end": "00:05:52", "text": "the economics team changed a lot of stuff that um made SDU profitable and I"}, {"start": "00:05:52", "end": "00:05:59", "text": "got slammed and the prices of SDU went way down because they changed the way the fix work and where I was making like"}, {"start": "00:05:59", "end": "00:06:05", "text": "I was making okay money like around $15 or something like that a day playing Star Atlas. Uh I'm almost breaking now"}, {"start": "00:06:05", "end": "00:06:11", "text": "now I've tried all sorts of different stuff. I'm barely breaking even. Sometimes I make like $1 a day. Um, so I"}, {"start": "00:06:11", "end": "00:06:19", "text": "really wish SDUs weren't changed. I'm surprised a lot of more people didn't complain about uh the way that all worked. Um, but boy, I uh, you know, us"}, {"start": "00:06:19", "end": "00:06:25", "text": "small to medium players that um, found SDUs being profitable got completely uh, uh, shafted."}, {"start": "00:06:25", "end": "00:06:32", "text": "And I know it was a lot of the whales were complaining because they don't have the time to look for SDUs that they didn't like SDUs in the recipes. But man, that really helped us. That's how I"}, {"start": "00:06:32", "end": "00:06:37", "text": "actually, if you remember, um, sorry to get I'm going to be on a lot of soap boxes today, but I was uh, I was doing"}, {"start": "00:06:37", "end": "00:06:43", "text": "my zero to hero with the fleet rentals. Um, that's actually how I was able to be profitable was looking for SDUs. Um, but"}, {"start": "00:06:43", "end": "00:06:50", "text": "I tried um I tried a bunch of different things, mining for all sorts of different things. I went back to try to see, oh, maybe SDUs are more profitable."}, {"start": "00:06:50", "end": "00:06:55", "text": "Maybe I'll try different, you know, different areas if that and that didn't work. So, I'm back to like basically mining hydrogen auto set it and forget"}, {"start": "00:06:55", "end": "00:07:02", "text": "it. All my fleets just right here, you know, mining hydrogen. Really boring. But that's I think what a lot of people feel um is going on with Starbase."}, {"start": "00:07:02", "end": "00:07:08", "text": "They're just like, you know, getting um, you know, getting all the automated uh things, whether they're using, you know, Atom or the slide tool, just automating"}, {"start": "00:07:08", "end": "00:07:14", "text": "their fleets, not really playing the game, just waiting for C4. It's just a wait game right now and the game got like super boring for a lot of people."}, {"start": "00:07:14", "end": "00:07:21", "text": "So, that's what uh people are complaining about. But, let's look at the I I've yet to read it. Let's look at the patch notes and see what changed."}, {"start": "00:07:21", "end": "00:07:27", "text": "Uh, maybe I can even, you know, maybe something there I could see that could help me be more profitable. I don't know. Let's go jump into it. It's on"}, {"start": "00:07:27", "end": "00:07:34", "text": "Discord. And let's check it out. All right. So, here it is put out by Dominic Bain, but it was uh compiled by the"}, {"start": "00:07:34", "end": "00:07:40", "text": "economics team with all the data they got. Um, it says, \"Hey everyone, um, we've got major stage update dropping"}, {"start": "00:07:40", "end": "00:07:47", "text": "later this week, so it's already dropped. Um, be sure to read through the full patch notes so nothing catches you by surprise. Let's get into it. Um,"}, {"start": "00:07:47", "end": "00:07:52", "text": "crafting fees. We're alleviating fee pressure that especially impacts players with smaller fleets.\" Oh, that's me. Um,"}, {"start": "00:07:52", "end": "00:07:59", "text": "this change may seem small, but equates to a reduction in fees for each player by up to 29%. Oh, that's awesome, man."}, {"start": "00:07:59", "end": "00:08:04", "text": "Um, so I've been, you know, just being a hydrogen farmer. Um, so maybe I should start I have a lot of crew members just"}, {"start": "00:08:04", "end": "00:08:11", "text": "sitting there not doing any crafting. Um, I I can't seem to make a profit on crafting either. I've been buying, selling, trying to like mine different"}, {"start": "00:08:11", "end": "00:08:17", "text": "things and trying to craft. I can't make a profit. So maybe now maybe I could put my crafters to work and maybe even just even craft fuel with all that hydrogen"}, {"start": "00:08:17", "end": "00:08:24", "text": "I'm getting. Maybe I might see a better profit doing that. Um, reduced crafting fee from 7% to 5%. Um, ship redemption"}, {"start": "00:08:24", "end": "00:08:30", "text": "refill. We're bringing back the Fimble Mamba X to be redeemable again. This new recipe is far more intensive by about"}, {"start": "00:08:30", "end": "00:08:37", "text": "20x than the previous recipe. But that isn't without reason. One, we're working towards a more sustainable sage economy."}, {"start": "00:08:37", "end": "00:08:43", "text": "So, we're moving to a more conservative version of the economy over the next several weeks and months. The value of"}, {"start": "00:08:43", "end": "00:08:49", "text": "the Fimble Mamba X has declined over time, and we are doing our part to bolster that value. The entire ship"}, {"start": "00:08:49", "end": "00:08:55", "text": "crafting loop um is being reintroduced as more of a fun gameplay feature. uh"}, {"start": "00:08:55", "end": "00:09:00", "text": "more so it it is meant to um to compete with other mechanics such as contracts"}, {"start": "00:09:00", "end": "00:09:08", "text": "and LP. Our goal is to provide players with something fun to do outside of the main loops. Um refilling fa um mamba x"}, {"start": "00:09:08", "end": "00:09:14", "text": "redemption recipe. U refilled the fa um mamba x recipe. Okay. Upgrading LP"}, {"start": "00:09:14", "end": "00:09:20", "text": "adjustments. This is very important. Um we're updating every upgrading ingredient besides ink with a new"}, {"start": "00:09:20", "end": "00:09:27", "text": "respective LP reward value. um new LP rewards are now. And I'm not going to read all of this because it'll add a lot"}, {"start": "00:09:27", "end": "00:09:33", "text": "of length to my video, but you can um pause the video if you want or go to Star Atlas Discord and check this all out right here. Um I do notice right"}, {"start": "00:09:33", "end": "00:09:38", "text": "here, I was just complaining about SDUs and up um SDUs are going from 1,100 to"}, {"start": "00:09:38", "end": "00:09:45", "text": "2,763. So, I wonder if maybe I should um change my tactic, go back to going, you know,"}, {"start": "00:09:45", "end": "00:09:50", "text": "scanning for STUs, but bring them all back to one of the bases to upgrade. Um and maybe I'll, you know, be able to get"}, {"start": "00:09:50", "end": "00:09:55", "text": "the LP. actually never played the LP reward since the beginning of the game cuz I got so like I was losing so much"}, {"start": "00:09:55", "end": "00:10:01", "text": "money. Um and that was back when like you know you had to add the you know like the food and the tool kits and all that um to get the base running to you"}, {"start": "00:10:01", "end": "00:10:08", "text": "know be able to do the LP and it was like so like not good. So maybe I should go back and uh and try that. One of the"}, {"start": "00:10:08", "end": "00:10:13", "text": "going back to um my SDU soap box um one of the things that made the game more"}, {"start": "00:10:13", "end": "00:10:20", "text": "fun for me by like having SDUs for something for the smaller player to do was you you know you still have to get all you know um your food out to some"}, {"start": "00:10:20", "end": "00:10:27", "text": "area and your fuel out to some area so you can you know keep your ships going to like one of the outer star bases. Um, so you constantly have to figure out how"}, {"start": "00:10:27", "end": "00:10:33", "text": "to uh, you know, how to work all that through, you know, your your whole entire pipeline to like keep, you know, those SDU ships um, being active and"}, {"start": "00:10:33", "end": "00:10:39", "text": "actually added kind of a fun little um, game loop for me and also like trying to hunt for those SDUs. Where's the best"}, {"start": "00:10:39", "end": "00:10:45", "text": "place to send your SDUs on the map and stuff like that that, you know, I got to use a lot of uh, you know, a lot of um,"}, {"start": "00:10:45", "end": "00:10:50", "text": "EVI to try to figure that out. It was a lot lot more fun when I was, you know, when SDUs were profitable for me"}, {"start": "00:10:50", "end": "00:10:57", "text": "personally. I I actually was having a blast playing Starbase and when the food changes were uh you know switched for"}, {"start": "00:10:57", "end": "00:11:03", "text": "SDUs uh shipped and then the um and then like the fix the fixer what really killed it when the when the the fix got"}, {"start": "00:11:03", "end": "00:11:08", "text": "recipe got changed the SDU value dropped so quick um and yeah SDUs ended up being"}, {"start": "00:11:08", "end": "00:11:14", "text": "nonprofitable instead of profitable it was a bummer. Um so let's keep on going. Sorry about my soap box. um LP"}, {"start": "00:11:14", "end": "00:11:21", "text": "adjustment logic. For those of you um interested in logic um used to arrive at the um above LP adjustment numbers, um"}, {"start": "00:11:21", "end": "00:11:27", "text": "how they came to this is that they calculated recipe impact, the value of the recipe. That's a secret. Um they"}, {"start": "00:11:27", "end": "00:11:34", "text": "calculated the average impact excluding ink. They calculated the initial uh multiplier, but I'm not going to read"}, {"start": "00:11:34", "end": "00:11:41", "text": "all of that, but that's a scaling mechanism. Um calculated the adjustment multiplier, and then there's all that junk right there. and very intelligent"}, {"start": "00:11:41", "end": "00:11:48", "text": "junk but junk for me to read online. Uh dampen shock by applying a 50% reduction in change and then they calculated the"}, {"start": "00:11:48", "end": "00:11:54", "text": "new LP and then that adjustment multiplier times the old LP. Okay, so that's how they came um to where they"}, {"start": "00:11:54", "end": "00:12:00", "text": "came to for this. But there was another um another update shortly after. Uh"}, {"start": "00:12:00", "end": "00:12:05", "text": "let's click on that. So just a few days later, there was another patch update. It says, \"Hey everyone, the above update"}, {"start": "00:12:05", "end": "00:12:12", "text": "is now live. We heard your feedback on the last notes and made some adjustments. We truly appreciate the passion you bring to every update. We're"}, {"start": "00:12:12", "end": "00:12:18", "text": "always looking to make things the best they can be. Take a look at the new LP reward value. And so they looks like"}, {"start": "00:12:18", "end": "00:12:24", "text": "they changed a bunch of stuff. Uh oh man, they lowered SDU upgrade. So"}, {"start": "00:12:24", "end": "00:12:29", "text": "y So yeah, so there's, you know, so things"}, {"start": "00:12:29", "end": "00:12:36", "text": "got changed um for, you know, the probably the better, you know, cuz people smarter than me. um that uh"}, {"start": "00:12:36", "end": "00:12:43", "text": "crunch numbers um you know said some stuff to the team and they probably had validated opinions of of why and that's"}, {"start": "00:12:43", "end": "00:12:48", "text": "why the numbers got changed. So I probably that's only a tiny little bit of difference for this SDU upgrade. Man,"}, {"start": "00:12:48", "end": "00:12:53", "text": "I was excited, man. I was going to I was going to go right back into scanning for SDUs after this video, but uh I don't"}, {"start": "00:12:53", "end": "00:12:58", "text": "know if it's really worth it with only that like slight little bit. All right, so what's next?"}, {"start": "00:12:58", "end": "00:13:03", "text": "All right, zinc. zinc. I actually was hoping um you know we'd talk a little bit more about zinc um in the most"}, {"start": "00:13:03", "end": "00:13:09", "text": "recent um Atlas to see what was exactly going on with Zinc, but if we um pop"}, {"start": "00:13:09", "end": "00:13:15", "text": "over to their X page right here, we can see that um nothing's been updated since August 14th."}, {"start": "00:13:15", "end": "00:13:21", "text": "Um so, you know, we're all still kind of waiting to, you know, to hear um when this is going to be released. I'm This"}, {"start": "00:13:21", "end": "00:13:27", "text": "is a very complicated thing. They are about to, you know, to give out to the world, you know, a brand new blockchain"}, {"start": "00:13:27", "end": "00:13:34", "text": "and farming for the blockchain. So, I'm sure the team has to do it, right? Um, so delays are expected, right? So, we're waiting waiting on that. Uh, I'm going"}, {"start": "00:13:34", "end": "00:13:39", "text": "to talk about Hollow Sim and I'm going to get on my soul box again about that. So, before we do, let's talk about something kind of cool. Let's talk about"}, {"start": "00:13:39", "end": "00:13:45", "text": "a positive thing first. Um, let's go over to the world of Gallia. So, um, if"}, {"start": "00:13:45", "end": "00:13:51", "text": "you guys have not um, watched this lore keepers uh, episode right here um, hosted by Jose, the head lore writer for"}, {"start": "00:13:51", "end": "00:13:58", "text": "Star Atlas, this was crazy. I posted about it on X on my X account um, that everyone should watch it. Um, he throws"}, {"start": "00:13:58", "end": "00:14:04", "text": "out some insane alpha. Um, it was like stuff that should have only been talked about in the town hall almost and he did"}, {"start": "00:14:04", "end": "00:14:09", "text": "it in the lore episode. I hope he didn't get in trouble for it actually. I don't think he did because um when I posted"}, {"start": "00:14:09", "end": "00:14:15", "text": "that you should watch it um Mike Wagnes CEO um I think he either reposted my post or like made a comment on it how"}, {"start": "00:14:15", "end": "00:14:20", "text": "important that uh this lore keepers um episode was. But um I want to play what"}, {"start": "00:14:20", "end": "00:14:25", "text": "Jose is talking about. So in the UE5 game you can go into the world of Gallia. It's a solo player campaign. and"}, {"start": "00:14:25", "end": "00:14:31", "text": "you can do some mining and you can run some um missions, which I'm going to actually make an episode about that. I think that might be my next episode cuz"}, {"start": "00:14:31", "end": "00:14:36", "text": "I've never actually run the missions. And I love Brad aka Magic Puncher who actually is the game designer for all of"}, {"start": "00:14:36", "end": "00:14:43", "text": "this. And I've never done it yet, like since the town hall. I've just been so crazy busy and things have been going nutty and stuff like that uh in my life."}, {"start": "00:14:43", "end": "00:14:48", "text": "Um so I want to actually like run those campaigns for the first time and record them. But there's going to be even a"}, {"start": "00:14:48", "end": "00:14:54", "text": "cooler solar campaign. So Jose's working with with Brad on this new um solo"}, {"start": "00:14:54", "end": "00:15:00", "text": "campaign. So, what I want to do is I want to actually play what we can expect. Um, but um Jose's um uh"}, {"start": "00:15:00", "end": "00:15:06", "text": "explanation. I love listening to him speak, but it's it's pretty lengthy and he Jose love him, but he gets all"}, {"start": "00:15:06", "end": "00:15:11", "text": "distracted all the time about what's going on in the chat. So, it's like he'll say like he'll start talking and then he responds to the chat, start"}, {"start": "00:15:11", "end": "00:15:17", "text": "talking, respond to the chat. So, um there's a more concise version um of what um he said um that we could"}, {"start": "00:15:17", "end": "00:15:25", "text": "actually utilize and that is by one of my buddies Matt. So Matt does these really uh pretty cool um shortened"}, {"start": "00:15:25", "end": "00:15:31", "text": "recaps um of each one of the um Star Atlas um uh Atlas Brew episodes. And"}, {"start": "00:15:31", "end": "00:15:38", "text": "look at this. He he even did um the most recent monthly builder. I haven't listened to that yet. Um and he does the lore episode. So what you can do is if"}, {"start": "00:15:38", "end": "00:15:45", "text": "you don't think you have the time, it's like um what um Beth, one of the community members of Star Atlas, used to do like too long, didn't read the TLDDR"}, {"start": "00:15:45", "end": "00:15:52", "text": "um version. Um, so look at that. Like he he takes like a hour plus episode and is able to um put it down to six minutes."}, {"start": "00:15:52", "end": "00:15:58", "text": "So if you just want to a quick gist on what everyone talked about and uh you know you don't feel like listening to the whole Atlas Brew and or you just"}, {"start": "00:15:58", "end": "00:16:05", "text": "want to kind of like a synopsis of it so you can decide if you want to take the time to listen to some of like the things like this lore keepers. Um man,"}, {"start": "00:16:05", "end": "00:16:10", "text": "make sure you're subscribed to Intergalactic Herald. Um this is you know it's pretty cool that he puts these"}, {"start": "00:16:10", "end": "00:16:15", "text": "out. So, um, what I'm going to do is I am just going to play the audio of what"}, {"start": "00:16:15", "end": "00:16:22", "text": "we can expect for Gallia. And, um, instead of just staring at the screen like this, I'm just going to, um, play some footage of what it's like flying"}, {"start": "00:16:22", "end": "00:16:27", "text": "around Gallalia, um, while we listen. So, it's just a few minutes, um, but it's worth totally worth a listen. All"}, {"start": "00:16:27", "end": "00:16:34", "text": "right, let's check it out. Man, for all you OGs who dreamed of exploring new worlds and delving into deep lore,"}, {"start": "00:16:34", "end": "00:16:39", "text": "that dream is getting a tangible boost. The team revealed they're pouring more internal love into Project Galia,"}, {"start": "00:16:39", "end": "00:16:45", "text": "specifically a solo campaign experience that's getting an RPG approach. Picture this. You start as a single character in"}, {"start": "00:16:45", "end": "00:16:51", "text": "the Arctia sector, an area bordering mud and ster civilizations. This mission is a full story where you'll upgrade your"}, {"start": "00:16:51", "end": "00:16:57", "text": "character, find new weapons, craft ships, and get to explore, mine, and scan. Essentially everything Brad has"}, {"start": "00:16:57", "end": "00:17:03", "text": "shown in his gameplay trailers, but now with a clear narrative purpose. They even gave us a sneak peek into the"}, {"start": "00:17:03", "end": "00:17:09", "text": "opening mission. You, as a MUD special forces holy servant, are sent to investigate a silent sector after a"}, {"start": "00:17:09", "end": "00:17:15", "text": "strange vessel appeared. You get ambushed by Jarvik pirates, crash land on a dangerous jungle planet with an"}, {"start": "00:17:15", "end": "00:17:21", "text": "alien versus predator vibe, and your first goal is to escape. This planet is super weird with jungles right next to"}, {"start": "00:17:21", "end": "00:17:27", "text": "lava fields and strangely sparse life despite rich resources. You'll need to learn the crafting system, scavenge for"}, {"start": "00:17:27", "end": "00:17:32", "text": "an airbike, and make your way to a star base, which by the way isn't your usual friendly outpost. The goal is for this"}, {"start": "00:17:32", "end": "00:17:39", "text": "to be an ongoing campaign with procedurally generated quests for freight mining and bounty hunting. So you'll never run out of things to do."}, {"start": "00:17:39", "end": "00:17:45", "text": "And best part, while it's starting with mudlore as a prototype, the goal is to expand this to all factions. Imagine"}, {"start": "00:17:45", "end": "00:17:51", "text": "playing as an oni or ster with the story adapting to your crew members. As for the economy, while direct INK to earn"}, {"start": "00:17:51", "end": "00:17:57", "text": "might not be there immediately, think unique skins or special items as rewards for completing the main campaign,"}, {"start": "00:17:57", "end": "00:18:02", "text": "potentially leading to custom items or XP exclusive to the single player experience later on. Brad and the team"}, {"start": "00:18:02", "end": "00:18:10", "text": "are aiming for an MVP of this campaign by the end of the year. So, you might be celebrating the holidays with some Unreal Engine fivestar Atlas goodness."}, {"start": "00:18:10", "end": "00:18:16", "text": "All right, so that was awesome stuff. Um, I'm very excited about it. If that comes out before Christmas, what a Christmas present to all of us, right? I"}, {"start": "00:18:16", "end": "00:18:22", "text": "think that this will be like just uniquely uh a huge um leap for uh you"}, {"start": "00:18:22", "end": "00:18:27", "text": "know for the whole entire vision of Star Atlas. Um having a single player campaign like this that we can all like"}, {"start": "00:18:27", "end": "00:18:33", "text": "kind of jump in and do and it'll be I think a great release for um for Epic Games you know that people can download"}, {"start": "00:18:33", "end": "00:18:38", "text": "the game and you know do this little solo campaign and you know get to know the game and then after they're done they can jump in and play the first"}, {"start": "00:18:38", "end": "00:18:45", "text": "person shooter or the racing and stuff like that. Um because this was, you know, one of the things that people talked about um in when it came to um"}, {"start": "00:18:45", "end": "00:18:51", "text": "what they didn't like about the UE5 idea was that the main vision was space exploration very much, you know, like"}, {"start": "00:18:51", "end": "00:18:57", "text": "Star Citizen where you can go off into the universe and do all sorts of fun stuff. And while we have these um other"}, {"start": "00:18:57", "end": "00:19:02", "text": "um things going on like first person shooter racing, that's all part of the game mechanics of the overall game that we're going to see in the future. Um"}, {"start": "00:19:02", "end": "00:19:10", "text": "people want to see more of some solo single player stuff that people can jump in the game and play. So cool stuff, man. Thank you. Magic Puncher aka Brad"}, {"start": "00:19:10", "end": "00:19:15", "text": "aka Magic Puncher and Jose. Thank you so much for uh working on that and thank you any of the team that's also involved"}, {"start": "00:19:15", "end": "00:19:20", "text": "in working on that. I'm sure there's a lot of people that will have to make uh that all like come together in the end."}, {"start": "00:19:20", "end": "00:19:25", "text": "Um so let's go into Hollow Sim. So the Hollow Sim um leaderboard campaign has"}, {"start": "00:19:25", "end": "00:19:31", "text": "ended. So I believe that this is for our whole entire um reward system that we"}, {"start": "00:19:31", "end": "00:19:38", "text": "had going. Um let me look at that for a sec. Hold on. So here we go. So, the hollow sim um season 1 chapter 1 um way"}, {"start": "00:19:38", "end": "00:19:44", "text": "to earn on the whole entire game. So, the leaderboard has ended. Um but you can still play the game and you can play the game. I believe it's the first"}, {"start": "00:19:44", "end": "00:19:51", "text": "person person to reach um 10 million is going like you can see right here that um was was in the lead for quite a while"}, {"start": "00:19:51", "end": "00:19:56", "text": "but it looks like now on is taking the lead. Uh I think mud got gained up on it sounds like and their bases got"}, {"start": "00:19:56", "end": "00:20:01", "text": "destroyed and things like that. So, they are dragging hard. Um so it'll be it's between and on it looks like first um"}, {"start": "00:20:01", "end": "00:20:07", "text": "faction to win 10,000 claims the crown. But if we go into um this right here um"}, {"start": "00:20:07", "end": "00:20:12", "text": "we can kind of get an idea of who won what. Now we'll talk about this and then we'll talk a little bit about the drama"}, {"start": "00:20:12", "end": "00:20:17", "text": "that goes along with it. But the top 15 thou um 1500 players on the Hollis leaderboard we had the first place gets"}, {"start": "00:20:17", "end": "00:20:25", "text": "300 USDC an Armstrong imp tap and 5x platinum five crew packs. So that's a"}, {"start": "00:20:25", "end": "00:20:33", "text": "lot of dough they won right there in plus.02 O2 Salana. The second place got 200 USDs, an Armstrong imp tip, and"}, {"start": "00:20:33", "end": "00:20:38", "text": "three um platinum 5 crew packs and some Salana. Um third place got 150 USD"}, {"start": "00:20:38", "end": "00:20:45", "text": "calico Scud Platinum 5 crew pack. And fourth through 10th got 100 USD, the Calico Maxhog and a gold five crew pack."}, {"start": "00:20:45", "end": "00:20:51", "text": "Um 11th through 50th gets um 50 um USD Visa Solos and five crew pack. Um 51"}, {"start": "00:20:51", "end": "00:20:58", "text": "through 500, this is where I fall in. um gets $5 USDC each and a silver one crew"}, {"start": "00:20:58", "end": "00:21:06", "text": "card pack. Um and then 500 um through 1 through 15 1,500th gets one buck and 002"}, {"start": "00:21:06", "end": "00:21:12", "text": "Salana and everyone gets this uh amazing amazing um the first thousand players"}, {"start": "00:21:12", "end": "00:21:18", "text": "I'm sorry gets this amazing skin right here. And that's really what I was after. I was after the skin. Uh and what happened to me, let's go back over here."}, {"start": "00:21:18", "end": "00:21:24", "text": "What happened is I had a rough start and I knew I wasn't going to do very good and I had about a week into it. I had to"}, {"start": "00:21:24", "end": "00:21:29", "text": "start all over. I started playing on and everything got completely ru like just things like I did something wrong with"}, {"start": "00:21:29", "end": "00:21:34", "text": "my uh my character creation and I wasn't getting crew members. Um I talked about this um already but then I had to start"}, {"start": "00:21:34", "end": "00:21:42", "text": "all over and I couldn't even look at Oni anymore. So I I went into uh and I ended up my rank was 371. So I'll get um you"}, {"start": "00:21:42", "end": "00:21:48", "text": "know I'll get what I just talked about. And what I was really after was that skin cuz I I I think that skin is just so sweet. I can't wait till skins are"}, {"start": "00:21:48", "end": "00:21:53", "text": "put in the game cuz I'm going to definitely utilize that bright yellow soul flare skin on my solos. I love it."}, {"start": "00:21:53", "end": "00:21:58", "text": "Now, um let's look at the global rank right here. Right here are the leaders."}, {"start": "00:21:58", "end": "00:22:05", "text": "Uh fix alts for chapter 2. It says Dr. Hines and uh Dan Danx um were the top um"}, {"start": "00:22:05", "end": "00:22:11", "text": "on the top leaderboard right here. They're the ones that are going to get the big prizes. And then you can see like pretty much the top 10. Um, now"}, {"start": "00:22:11", "end": "00:22:17", "text": "what I what I found out I I actually stopped playing last weekend when like the whole game crashed and I haven't"}, {"start": "00:22:17", "end": "00:22:23", "text": "this is the first time I booted up the game since it crashed. Um, because I I just for me for me I uh I talk about"}, {"start": "00:22:23", "end": "00:22:29", "text": "this a lot too. I work 60 hours a week on my normal job. 60 hours is a lot. A lot of you guys out there only work like 40 maybe and a lot of people work at"}, {"start": "00:22:29", "end": "00:22:36", "text": "home. I work outside doing physical labor for 60 hours a week. I come home, I'm super super tired. Um, and uh I only"}, {"start": "00:22:36", "end": "00:22:45", "text": "have a short amount of time to hang out with my son and everything like that. And so playing, grinding, the way you had to grind for food, fuel, and ammo uh"}, {"start": "00:22:45", "end": "00:22:51", "text": "in this game, like this version of Hollow Sim made it not as much fun as when I played season 1. I was so having"}, {"start": "00:22:51", "end": "00:22:56", "text": "so much fun in season 1. And then, you know, and then and uh you know, season one made me feel like, so this is what"}, {"start": "00:22:56", "end": "00:23:02", "text": "it's like to be a whale playing Starbased, you know, like this is like that's what Holim made it feel like. Like, wow, whales have it so easy when"}, {"start": "00:23:02", "end": "00:23:08", "text": "you know, everything like you know, like it's so you know, you have things just come to you so much quicker, you And and I'm not saying that uh you know whales"}, {"start": "00:23:08", "end": "00:23:15", "text": "have to fork over a lot of like real physical like real world money in order to to feel like that you know but that's what when you when you have everything"}, {"start": "00:23:15", "end": "00:23:20", "text": "working um and you have you know you're like things move faster and this and that and are able to uh you know"}, {"start": "00:23:20", "end": "00:23:28", "text": "actually make a nice supply chain and stuff like that. It made the game really fun. Well my supply chain was like 100% just pretty much making uh my food fuel"}, {"start": "00:23:28", "end": "00:23:35", "text": "and ammo. It was so hard to actually play the game. I was like how the heck is everyone actually you know going up and getting so much XP um playing this"}, {"start": "00:23:35", "end": "00:23:41", "text": "game? like how are they excelling so fast? And and uh I when the game crashed, I went on um on on startless"}, {"start": "00:23:41", "end": "00:23:47", "text": "discord was reading the whole entire like hollow, you know, the hollow sim discord like what everyone was talking about in the chat and I realized what"}, {"start": "00:23:47", "end": "00:23:54", "text": "there was a big argument going on. I realized so this is what they're doing. People are cheating on the game. People were cheating on Hollow Sim. It's a"}, {"start": "00:23:54", "end": "00:24:00", "text": "free-to-play game that's supposed to be fun and there was a really cool campaign that you know Soulflare like got involved in. It was so like pretty high"}, {"start": "00:24:00", "end": "00:24:07", "text": "profile because Soulflare was involved and people cheated man and so shame this is my opinion. Shame on you for"}, {"start": "00:24:07", "end": "00:24:12", "text": "cheating, man. Like, what the heck, man? So, what they did is this is how they cheated. And and apparently a lot of"}, {"start": "00:24:12", "end": "00:24:17", "text": "people like probably like if you're looking at this global rank right here, like uh I'm not I'm not saying everyone"}, {"start": "00:24:17", "end": "00:24:23", "text": "here did, but a lot of people probably did if they were able to get this high on the global rank. What they did is they made just multiple different"}, {"start": "00:24:23", "end": "00:24:29", "text": "wallets and multiple different um you know, accounts. And so, here's one of the things they did. So, um like I said,"}, {"start": "00:24:29", "end": "00:24:34", "text": "I I never touched my Oni account once I started playing Uster, but like like I had like the two accounts. I actually"}, {"start": "00:24:34", "end": "00:24:39", "text": "used the same wallet to do both, so I couldn't do it anyway. But they'd have like another wallet, another browser going, everything like that, and they'd"}, {"start": "00:24:39", "end": "00:24:45", "text": "have their Oni account going, and then they'd send fleets out here, but their main wallet that they're playing on is"}, {"start": "00:24:45", "end": "00:24:52", "text": "they'd send their fleet over here or something like that, and then they go demolish their own fleet to get a whole bunch of XP u for their main account,"}, {"start": "00:24:52", "end": "00:24:57", "text": "ooster, and then they they'd excel and like get, you know, do better and better and better. I don't know how I didn't realize that people were doing that. Uh"}, {"start": "00:24:57", "end": "00:25:03", "text": "it's I don't really follow any of the Discord, so I didn't realize that anyone was doing that, but that's what one of the things they were doing. And the other thing they were doing was they"}, {"start": "00:25:03", "end": "00:25:10", "text": "were buying multiple battle passes. So if they're playing, they were be buying like either, you know, an extra battle pass or two or three. Um, and so then"}, {"start": "00:25:10", "end": "00:25:16", "text": "they were getting a whole bunch of money, a whole bunch of, um, crew members and stuff. And then they were farming all that. What I was saying, I"}, {"start": "00:25:16", "end": "00:25:21", "text": "was having a hard time um, uh, you know, like getting was the, you know, food, fuel. So they were farming a whole bunch"}, {"start": "00:25:21", "end": "00:25:26", "text": "of biomass, a whole bunch of copper and everything like that. And then they were, they would do a quick sell between"}, {"start": "00:25:26", "end": "00:25:32", "text": "their two accounts. So they'd be like have two like say a laptop and their main browser at once and they'd be like, \"Okay, I'm going to put this on sale for"}, {"start": "00:25:32", "end": "00:25:38", "text": "almost no money. One, two, three from one account and then they'd be quickly buy it with their main account and be able to buy all that, you know, biomass"}, {"start": "00:25:38", "end": "00:25:45", "text": "so they could mine food or or maybe buy food from themselves from their other account.\" So it's almost like they were, you know, they had like um two times,"}, {"start": "00:25:45", "end": "00:25:50", "text": "three times or four times the amount of uh crafters and miners and everything like that that the normal guy playing"}, {"start": "00:25:50", "end": "00:25:56", "text": "has. Don't give me that baloney that I bought more than one battle pass, so I'm supporting the team. You think Automata"}, {"start": "00:25:56", "end": "00:26:01", "text": "really wants your 10 bucks? Uh, but that that then allows you to cheat on the game, dude. What's 10 bucks by, Dominic"}, {"start": "00:26:01", "end": "00:26:07", "text": "Vain? Like like three monsters at best, right? Huh? Now, this So, I said I'm"}, {"start": "00:26:07", "end": "00:26:12", "text": "going on my soap box. And I said, \"Shame on you.\" if you have multiple accounts. The one bad thing is like these people"}, {"start": "00:26:12", "end": "00:26:18", "text": "that like all the new players uh and people like me that were naive that you guys were all doing this and not you all that were doing this but some of you"}, {"start": "00:26:18", "end": "00:26:25", "text": "guys were doing this uh you're actually like you you're probably going to get um you know the 51st through 500th uh"}, {"start": "00:26:25", "end": "00:26:31", "text": "prizes too or maybe even you know like some of these upper prizes and you're kind of like stealing from the new people too. So not only did you like do"}, {"start": "00:26:31", "end": "00:26:36", "text": "that in order to excel in the game like kind of how how you have so much time to be able to do that. I don't know either"}, {"start": "00:26:36", "end": "00:26:42", "text": "with the way how glitchy the game was. But now all these new players aren't going to get their cool like skins and stuff like that cuz you bump them out by"}, {"start": "00:26:42", "end": "00:26:49", "text": "having multiple accounts and you're going to get like double the prizes or triple the prize or quadruple the prize. Shame on you man. It's just a game. Like"}, {"start": "00:26:49", "end": "00:26:56", "text": "you should have played seeing if you can win the game playing the game the way it should have been, right? Like we all should have like you know anyway you"}, {"start": "00:26:56", "end": "00:27:02", "text": "know cheetah is going to cheat, man. Cheetah. But that's my soap box. I think that anyone that won the prize and is"}, {"start": "00:27:02", "end": "00:27:07", "text": "going to get extra crew members you owe it to the community. You can do it anonymous anom anominously, but you"}, {"start": "00:27:07", "end": "00:27:13", "text": "should send your extra any extra stuff that you win, you should send it to Atlas Grace, you know, to reprieve yourself, you know, send those extra"}, {"start": "00:27:13", "end": "00:27:19", "text": "crew members to Atlas Grace. Um, donate them to a charity cuz uh you only deserve at least one prize for cheating."}, {"start": "00:27:19", "end": "00:27:26", "text": "Anyway, that's it. I'm out on that. All right. I told you this episode was going to be like empires. Things are, you"}, {"start": "00:27:26", "end": "00:27:32", "text": "know, like I said, Hansel Hansel is in the carbonite. You know, Luke Luke got his hand cut off and was falling down into a hole. Like things are a little"}, {"start": "00:27:32", "end": "00:27:38", "text": "grimy, but you know what, man? We got that metal bikini coming up. So, hold tight, man. So, um, Oniizuka, man, I"}, {"start": "00:27:38", "end": "00:27:45", "text": "want to like just point out a few things that's going on in the community real fast. I don't want to make this video too long, but Oniizuki uh on on Zuka,"}, {"start": "00:27:45", "end": "00:27:51", "text": "like look at this, man. This is crazy. All right, here we go. Blew it up a little bit for you guys. After only 15 days of playing, I've already won"}, {"start": "00:27:51", "end": "00:27:58", "text": "several. And then he has a dollar sign in rewards. So happy with this adventure. Sell Ink in the marketplace"}, {"start": "00:27:58", "end": "00:28:03", "text": "to buy beautiful ships. Um, 2xboy. Uh, Onisuka's first language, I don't believe, is English, but what he's"}, {"start": "00:28:03", "end": "00:28:09", "text": "basically saying is that he grinds so hard on uh UEI5 and he was able to get"}, {"start": "00:28:09", "end": "00:28:14", "text": "all these group packs so far as rewards, right? Um, and then he took the ink that"}, {"start": "00:28:14", "end": "00:28:21", "text": "he's playing. He's selling the ink um because when you play, just in case you don't know, you're new to Star Atlas, when you um grind on um playing UEIE5"}, {"start": "00:28:21", "end": "00:28:29", "text": "and you earn XP, you are also earning something called ink. Then you can sell your ink on the Star Atlas marketplace. with that ink. He was able to buy two"}, {"start": "00:28:29", "end": "00:28:35", "text": "boys, which is one of my favorite ships. It's a small bounty hunter vessel right here. Um, but it is it's a fly looking"}, {"start": "00:28:35", "end": "00:28:42", "text": "ship. I love this ship. Uh, congratulations on Zuka, man. You're one of my favorite people in Star Atlas. Love it. Keep grinding. All right,"}, {"start": "00:28:42", "end": "00:28:49", "text": "James. Um, he this is so cool. Okay, let's just read it. Um, I had an amazing time at Star Atlas game night in the"}, {"start": "00:28:49", "end": "00:28:55", "text": "Philippines. Um, the Philippines event. Big thanks to the Philippines community for having me. Um, the video I've"}, {"start": "00:28:55", "end": "00:29:03", "text": "attached is proof of how much fun I had. Make sure to watch until the end. Uh, and then he does this."}, {"start": "00:29:10", "end": "00:29:15", "text": "I love Chance, man. Okay. Okay."}, {"start": "00:29:18", "end": "00:29:24", "text": "So, Star Atlas is not a place, it's the people. Um, so man, um, I saw him up on"}, {"start": "00:29:24", "end": "00:29:31", "text": "stage, um, talking at the event in some pictures and stuff like that, man. Thank you so much, James, for hosting that and spreading the word of Star Atlas. Super"}, {"start": "00:29:31", "end": "00:29:36", "text": "cool. And the Super Phoenix Dow is cooking. I meant to talk about this on my last recap and I totally didn't. I"}, {"start": "00:29:36", "end": "00:29:41", "text": "had it on my notes and everything and I somehow glazed over it, but they had a town hall um, and they talked a lot on"}, {"start": "00:29:41", "end": "00:29:47", "text": "the town hall. I'll have to maybe make a dedicated video. I owe it to Super Phoenix DAO um, for uh, the awesome"}, {"start": "00:29:47", "end": "00:29:53", "text": "stuff that they are creating to do a dedicated video with them soon. Maybe I can have just have Craig like and me,"}, {"start": "00:29:53", "end": "00:29:59", "text": "you know, do a chitchat and stuff. Um, so you guys can see what's going on. Craig, if you're listening to this, man, you know, reach out. Um, but he did um"}, {"start": "00:29:59", "end": "00:30:06", "text": "this um I've yet to watch, so I'm not going to talk about it, but he did this thing with Lanzor where he talked all about the Super Phoenix sports that is"}, {"start": "00:30:06", "end": "00:30:11", "text": "coming out. So, it's going to be like this cool betting platform and event of"}, {"start": "00:30:11", "end": "00:30:16", "text": "uh like hosting type of thing. And I don't think it's just going to be just it's going to be like an esports thing, not just Star Alice, but like it could"}, {"start": "00:30:16", "end": "00:30:23", "text": "be um from what I understand like all sorts of different types of sport betting. Um but I'm going to dig into it a little bit more before I talk about it"}, {"start": "00:30:23", "end": "00:30:29", "text": "too much. Um but he did what I know about is what he talked about in the town hall. In the town hall, he also um talked about um some of the other"}, {"start": "00:30:29", "end": "00:30:36", "text": "partnerships um he has going forward and how close we are to having the Super Phoenix being released into um um"}, {"start": "00:30:36", "end": "00:30:43", "text": "Starbased. So, um it's soon, you know, start, you know, we'll be making some dough for the actual community that's"}, {"start": "00:30:43", "end": "00:30:48", "text": "involved in Super Phoenix DAO in the actual DAO. And, uh, yeah, lots of good stuff that, um, he talked about, um, in"}, {"start": "00:30:48", "end": "00:30:54", "text": "the town hall. So, everything is very optimistic for Super Phoenix Dow. It hasn't gone away. Um, so I definitely"}, {"start": "00:30:54", "end": "00:31:00", "text": "recommend listening to that town hall. You could watch it on, um, Star Atlas TV. And actually, no, the Starless TV is"}, {"start": "00:31:00", "end": "00:31:06", "text": "buggy. There's a link in the um that's how I listen to it um cuz I tried to listen to it live and it didn't work out"}, {"start": "00:31:06", "end": "00:31:11", "text": "um because there was some audio issues. But there is a link right here on X. I'll leave it down below also on my"}, {"start": "00:31:11", "end": "00:31:17", "text": "video so you guys can watch it. But there's a YouTube link right here and it is um why am I not subscribed? Um it is"}, {"start": "00:31:17", "end": "00:31:23", "text": "the Super Phoenix um actual it's the Super Phoenix uh YouTube page that they started and then so the whole"}, {"start": "00:31:23", "end": "00:31:30", "text": "town hall is right there and it tells you everything that's going on in the world of Super Phoenix. So, there's that. And a couple more quick things I"}, {"start": "00:31:30", "end": "00:31:38", "text": "want to talk about. Tenant Sour's um photography, the history of Star Atlas basically in the next 365 days is he's"}, {"start": "00:31:38", "end": "00:31:44", "text": "killing it, man. And um sorry, Tenant, I don't repost all your every single one of your photos. I feel like my whole"}, {"start": "00:31:44", "end": "00:31:51", "text": "time timeline would just be your photos if I did, but I love every single one. Um yeah, you know, please keep on"}, {"start": "00:31:51", "end": "00:31:56", "text": "pumping those out. Try to like get through, you know, every single day. I think that is a great great um chunk of"}, {"start": "00:31:56", "end": "00:32:02", "text": "Star Atlas history being released to um anyone helping one of us helping us old-timers kind of like remind exactly"}, {"start": "00:32:02", "end": "00:32:09", "text": "what's going on, you know, like what has changed the world of Star Atlas, but also letting new people know how how much um the team has improved over the"}, {"start": "00:32:09", "end": "00:32:16", "text": "years and how beautiful Star Atalus has really been since almost day one of Unreal Engine 5. So, cool stuff, man."}, {"start": "00:32:16", "end": "00:32:22", "text": "Thank you, Tenant. Shaga did this really cool um little kind of like an AMA that"}, {"start": "00:32:22", "end": "00:32:28", "text": "they did, but they had Tuli on now that so it's pretty this is you know pretty high profile right here because Tuli is"}, {"start": "00:32:28", "end": "00:32:36", "text": "you know the creator of Salana um the basically the head of Salana at this very moment um Anatoli and so he"}, {"start": "00:32:36", "end": "00:32:41", "text": "was on there and he is checking out Star Atlas and he's listening to how Shagas"}, {"start": "00:32:41", "end": "00:32:47", "text": "is you know basically explaining how you can play like really high-end high graphic games um using their whole"}, {"start": "00:32:47", "end": "00:32:53", "text": "entire or shaga system that they designed where you can play like mobile by like being hosted by someone um that"}, {"start": "00:32:53", "end": "00:33:00", "text": "has you know the high-profile games on their computer on their PC. So it was just really cool to see you know to"}, {"start": "00:33:00", "end": "00:33:05", "text": "looking at Star Atlas and you know I know he knows Star Atlas and I know that he's aware of Star Atlas and he talks"}, {"start": "00:33:05", "end": "00:33:11", "text": "about Star Atlas but you know it was kind of like almost forcefed this is how cool Star Atlas is you know and it also"}, {"start": "00:33:11", "end": "00:33:19", "text": "since um he was involved it had a lot of eyes I'm sure on Star Atlas. So, cool stuff, man. Cool. Way to go, Shaga."}, {"start": "00:33:19", "end": "00:33:24", "text": "I thought this was really fun. Um, the voice commands for Star Atlas um don't just appear, they're crafted. Our"}, {"start": "00:33:24", "end": "00:33:31", "text": "partner, Chapter 4 Live, takes uh you behind the scenes. I can't Who was it?"}, {"start": "00:33:31", "end": "00:33:36", "text": "Was it Chipto? Someone said that their wife is a professional voice actor and"}, {"start": "00:33:36", "end": "00:33:42", "text": "wanted to help out. Um, I'm not saying that the lady in this video is anyone's wife or anything like that, but I"}, {"start": "00:33:42", "end": "00:33:47", "text": "remember I remember one of the devs saying that one of their wives um did some of the vocals for Star Atlas. But"}, {"start": "00:33:47", "end": "00:33:52", "text": "let's just check this out real fast. Hi, this is Natalie from Chapter 4. Let me show you how we made voice commands"}, {"start": "00:33:52", "end": "00:33:59", "text": "for the video game Star Atlas mode. It starts at my home studio recording"}, {"start": "00:33:59", "end": "00:34:06", "text": "multiple takes to have options. Enemies inbound. I listen back editing undesirable noises like mouth clicks."}, {"start": "00:34:06", "end": "00:34:11", "text": "Enemies inbound. I pick the best takes to pass along for the next stages of"}, {"start": "00:34:11", "end": "00:34:17", "text": "post-prouction. Enemies inbound. Next, our sound designer applies EQ to improve"}, {"start": "00:34:17", "end": "00:34:23", "text": "the tonal balance of the voice. Enemies inbound. After dsing lightly, vocal synth 2 is used to shape the unique"}, {"start": "00:34:23", "end": "00:34:29", "text": "sound of the voice command. Enemies inbound. Next, a compressor and a limiter is applied on the master."}, {"start": "00:34:29", "end": "00:34:35", "text": "Enemies inbound. Our technical audio lead imports the asset to Wise into the audio hierarchy and creates an event."}, {"start": "00:34:35", "end": "00:34:40", "text": "Enemies inbound. Then we route it to the appropriate master audio bus. Enemies"}, {"start": "00:34:40", "end": "00:34:48", "text": "inbound. Finally, we add logic to change the reverb of the HUD call out. Enemies inbound."}, {"start": "00:34:48", "end": "00:34:55", "text": "Flight mode. And here is the final result from Unreal Engine. Wave one."}, {"start": "00:34:55", "end": "00:35:01", "text": "Enemies inbound. Cool stuff, man. you know, like I do"}, {"start": "00:35:01", "end": "00:35:06", "text": "some some funny like, you know, Sammy Banks like audio like things for my channel and stuff like that. I don't do"}, {"start": "00:35:06", "end": "00:35:12", "text": "anything close to what she does right there. That is a lot of work. Hi to make the actual perfect, you know, like the"}, {"start": "00:35:12", "end": "00:35:17", "text": "perfect audio like sound bite. Wow. Cool stuff. All right. And I'm sure I'm missing a lot of stuff cuz it's been two weeks"}, {"start": "00:35:17", "end": "00:35:23", "text": "since my last video. Um, but I don't want to make the video like crazy long. So, we're just going to end it with this. Um, shout out to the Starless"}, {"start": "00:35:23", "end": "00:35:29", "text": "Surge tournament kicking off today at 6 p.m. So, this took place on September 26th. um a couple days ago. I think it"}, {"start": "00:35:29", "end": "00:35:34", "text": "was Friday. Um and um five player team, single elimination, global action. Check"}, {"start": "00:35:34", "end": "00:35:42", "text": "it out. So um the tournaments keep on happening. I'm very very excited about this. This is uh you know, Unreal Engine"}, {"start": "00:35:42", "end": "00:35:48", "text": "is kicking butt. I can't wait for the update coming up in October during our Return of the Jedi season. Um this is"}, {"start": "00:35:48", "end": "00:35:54", "text": "going to be a lot of fun um to see all the stuff and you know, to keep excelling in Unreal Engine 5. Um so with"}, {"start": "00:35:54", "end": "00:36:00", "text": "that guys, man, I will catch you guys in the next one. Thank you so much for watching. Make sure you're subscribed. Make sure you hit the like button if you"}, {"start": "00:36:00", "end": "00:36:07", "text": "appreciate the good news and the bad news. Uh we'll, you know, we'll keep all working together. We'll keep on making this community great. I love you all."}, {"start": "00:36:07", "end": "00:36:11", "text": "I'll talk to you in the next one. Later."}]

[{"end": "00:00:06", "start": "00:00:01", "text": "Yo, what's up captains and cadets? It is"}, {"end": "00:00:08", "start": "00:00:04", "text": "Star Atlas recap time. We're going to go"}, {"end": "00:00:10", "start": "00:00:06", "text": "over uh all the Star Atlas news that has"}, {"end": "00:00:13", "start": "00:00:08", "text": "happened since my last recap video that"}, {"end": "00:00:15", "start": "00:00:10", "text": "I can find at least that I find"}, {"end": "00:00:16", "start": "00:00:13", "text": "interesting at least. And uh yeah, we're"}, {"end": "00:00:18", "start": "00:00:15", "text": "going to check out a couple things that"}, {"end": "00:00:20", "start": "00:00:16", "text": "the community has been up to. So,"}, {"end": "00:00:23", "start": "00:00:18", "text": "without further ado, let's get into it."}, {"end": "00:00:23", "start": "00:00:20", "text": "Let's go."}, {"end": "00:00:32", "start": "00:00:24", "text": "[Music]"}, {"end": "00:00:39", "start": "00:00:35", "text": "What's up, muds onies and roosters and"}, {"end": "00:00:42", "start": "00:00:37", "text": "anyone else that is new to Star Atlas,"}, {"end": "00:00:44", "start": "00:00:39", "text": "welcome. Oh, wow. It's been just 2 weeks"}, {"end": "00:00:46", "start": "00:00:42", "text": "since I recorded my last video, but it"}, {"end": "00:00:48", "start": "00:00:44", "text": "feels like it has been ages. If you"}, {"end": "00:00:49", "start": "00:00:46", "text": "follow my channel, you know that I try"}, {"end": "00:00:51", "start": "00:00:48", "text": "to put out a video at least every week."}, {"end": "00:00:53", "start": "00:00:49", "text": "Sometimes I get out two or three a week."}, {"end": "00:00:55", "start": "00:00:51", "text": "So, when I take two weeks off, man, you"}, {"end": "00:00:57", "start": "00:00:53", "text": "know, feels like I missed a lot. So, I"}, {"end": "00:00:59", "start": "00:00:55", "text": "figured in this video we kind of will"}, {"end": "00:01:01", "start": "00:00:57", "text": "kind of jump in and try to find uh find"}, {"end": "00:01:02", "start": "00:00:59", "text": "out everything that has happened that I"}, {"end": "00:01:03", "start": "00:01:01", "text": "haven't talked about in the past couple"}, {"end": "00:01:05", "start": "00:01:02", "text": "weeks. It is the second week in"}, {"end": "00:01:07", "start": "00:01:03", "text": "September. So, yeah, let's jump into"}, {"end": "00:01:10", "start": "00:01:05", "text": "this recap and see what has been going"}, {"end": "00:01:12", "start": "00:01:07", "text": "on. All right, man. So, wow. We just we"}, {"end": "00:01:14", "start": "00:01:10", "text": "had that uh it's already been that long."}, {"end": "00:01:17", "start": "00:01:12", "text": "Wow. So, August 29th through the 31st,"}, {"end": "00:01:19", "start": "00:01:14", "text": "we had that campaign where if you played"}, {"end": "00:01:21", "start": "00:01:17", "text": "in Unreal Engine 5 in the game and"}, {"end": "00:01:22", "start": "00:01:19", "text": "played either racing or the the shooting"}, {"end": "00:01:25", "start": "00:01:21", "text": "game, you got double the XP. And I think"}, {"end": "00:01:27", "start": "00:01:22", "text": "this is awesome campaign. I really hope"}, {"end": "00:01:29", "start": "00:01:25", "text": "that uh you know Automata like uh does"}, {"end": "00:01:31", "start": "00:01:27", "text": "this you know a couple different times"}, {"end": "00:01:33", "start": "00:01:29", "text": "per year cuz I think that this brought a"}, {"end": "00:01:35", "start": "00:01:31", "text": "lot of people um playing each weekend"}, {"end": "00:01:36", "start": "00:01:33", "text": "and if you were lucky enough to play"}, {"end": "00:01:38", "start": "00:01:35", "text": "that weekend you got double XP to level"}, {"end": "00:01:40", "start": "00:01:36", "text": "up your character and double the ink."}, {"end": "00:01:42", "start": "00:01:38", "text": "We'll talk about ink a little bit more"}, {"end": "00:01:44", "start": "00:01:40", "text": "in just a few minutes. Uh and a few days"}, {"end": "00:01:47", "start": "00:01:42", "text": "later um they announced this right here,"}, {"end": "00:01:49", "start": "00:01:44", "text": "the Galactic Marketplace UI update. So"}, {"end": "00:01:50", "start": "00:01:47", "text": "this is about a week ago um at the time"}, {"end": "00:01:52", "start": "00:01:49", "text": "of making this video about a week ago."}, {"end": "00:01:54", "start": "00:01:50", "text": "Um, this advertisement right here that"}, {"end": "00:01:56", "start": "00:01:52", "text": "they put together also was really cool."}, {"end": "00:01:58", "start": "00:01:54", "text": "Um, so, you know, let's watch that and"}, {"end": "00:02:00", "start": "00:01:56", "text": "then we'll jump into the marketplace and"}, {"end": "00:02:34", "start": "00:01:58", "text": "check it out."}, {"end": "00:02:34", "start": "00:02:00", "text": "[Music]"}, {"end": "00:02:38", "start": "00:02:34", "text": "So, as you just saw in that"}, {"end": "00:02:39", "start": "00:02:36", "text": "advertisement, um they have redesigned"}, {"end": "00:02:42", "start": "00:02:38", "text": "the marketplace item cards, overhauled"}, {"end": "00:02:44", "start": "00:02:39", "text": "category side menu, combined item orders"}, {"end": "00:02:47", "start": "00:02:42", "text": "and details into a single page, and"}, {"end": "00:02:48", "start": "00:02:44", "text": "enhance the gallery UIUX. And if we jump"}, {"end": "00:02:50", "start": "00:02:47", "text": "into the marketplace, you can see right"}, {"end": "00:02:53", "start": "00:02:48", "text": "here, this is what it looks like. And it"}, {"end": "00:02:54", "start": "00:02:50", "text": "looks glorious. Uh, one of the things I"}, {"end": "00:02:58", "start": "00:02:53", "text": "love is as you scroll over everything,"}, {"end": "00:03:00", "start": "00:02:54", "text": "it actually um has um a glowing color"}, {"end": "00:03:01", "start": "00:02:58", "text": "scheme that goes along with the rarity."}, {"end": "00:03:03", "start": "00:03:00", "text": "So, you can see like look at the"}, {"end": "00:03:06", "start": "00:03:01", "text": "legendary has this beautiful gold. Epic"}, {"end": "00:03:08", "start": "00:03:03", "text": "has the blue. I'm sorry. I'm sorry. Epic"}, {"end": "00:03:10", "start": "00:03:06", "text": "has the purple and rare has the blue and"}, {"end": "00:03:12", "start": "00:03:08", "text": "uncommon has the red. And let's here we"}, {"end": "00:03:14", "start": "00:03:10", "text": "go. The common has the white. Wicked"}, {"end": "00:03:16", "start": "00:03:12", "text": "cool. And of course, Anomaly has this"}, {"end": "00:03:18", "start": "00:03:14", "text": "like turquoise. Um, so fun stuff. I love"}, {"end": "00:03:21", "start": "00:03:16", "text": "it. It looks good. And if we click on"}, {"end": "00:03:22", "start": "00:03:18", "text": "something like, let's click on this F4."}, {"end": "00:03:25", "start": "00:03:21", "text": "Um, what they were talking about is you"}, {"end": "00:03:26", "start": "00:03:22", "text": "can see, um, not only do you have the"}, {"end": "00:03:27", "start": "00:03:25", "text": "sellers and the buyers and everything"}, {"end": "00:03:28", "start": "00:03:26", "text": "like that, but you have all the"}, {"end": "00:03:30", "start": "00:03:27", "text": "information as you scroll down of what"}, {"end": "00:03:32", "start": "00:03:28", "text": "you are purchasing, what type of asset"}, {"end": "00:03:33", "start": "00:03:30", "text": "you're purchasing, what it's all about,"}, {"end": "00:03:35", "start": "00:03:32", "text": "the description, everything like that."}, {"end": "00:03:36", "start": "00:03:33", "text": "So, fun stuff, man. I also want to jump"}, {"end": "00:03:38", "start": "00:03:35", "text": "into the crew cards area. I've never"}, {"end": "00:03:40", "start": "00:03:36", "text": "talked about this in my channel, but I"}, {"end": "00:03:41", "start": "00:03:38", "text": "think the crew card area looks awesome."}, {"end": "00:03:42", "start": "00:03:40", "text": "So, it looks kind of bland now, right?"}, {"end": "00:03:44", "start": "00:03:41", "text": "But if I click on one of the characters,"}, {"end": "00:03:45", "start": "00:03:42", "text": "look how sweet that looks. You get like,"}, {"end": "00:03:47", "start": "00:03:44", "text": "you know, the background that comes"}, {"end": "00:03:49", "start": "00:03:45", "text": "along with your character. You hit view"}, {"end": "00:03:52", "start": "00:03:47", "text": "card. Just looks tight, man. Really"}, {"end": "00:03:54", "start": "00:03:49", "text": "clean. Love it, man. I don't know how"}, {"end": "00:03:55", "start": "00:03:52", "text": "long ago it was that I talked about"}, {"end": "00:03:58", "start": "00:03:54", "text": "this, but it wasn't too long ago, but I"}, {"end": "00:04:00", "start": "00:03:55", "text": "I talked about how the uh you know, the"}, {"end": "00:04:02", "start": "00:03:58", "text": "the main Star Atlas page,"}, {"end": "00:04:03", "start": "00:04:00", "text": "Staratalis.com, really needs an update."}, {"end": "00:04:05", "start": "00:04:02", "text": "Like, it just isn't really showing"}, {"end": "00:04:07", "start": "00:04:03", "text": "anything that's going on in Star Atalus."}, {"end": "00:04:09", "start": "00:04:05", "text": "And woo, I got my dream. My dream came"}, {"end": "00:04:11", "start": "00:04:07", "text": "true for sure. And it looks way better"}, {"end": "00:04:13", "start": "00:04:09", "text": "than I even thought it could look. Uh,"}, {"end": "00:04:14", "start": "00:04:11", "text": "this is slick, man. You You come to"}, {"end": "00:04:17", "start": "00:04:13", "text": "starless.com right away in your face."}, {"end": "00:04:18", "start": "00:04:14", "text": "The Unreal Engine 5 aspect of the game."}, {"end": "00:04:20", "start": "00:04:17", "text": "And if you type in your email address"}, {"end": "00:04:22", "start": "00:04:18", "text": "right here, you have to prove that"}, {"end": "00:04:23", "start": "00:04:20", "text": "you're not a robot. Um, but you can get"}, {"end": "00:04:25", "start": "00:04:22", "text": "an early access key. I don't think I can"}, {"end": "00:04:26", "start": "00:04:23", "text": "because my email address is has already"}, {"end": "00:04:28", "start": "00:04:25", "text": "been submitted. Yeah. But what it will"}, {"end": "00:04:30", "start": "00:04:26", "text": "do is it'll actually give you um a code"}, {"end": "00:04:32", "start": "00:04:28", "text": "that you can actually bring over to"}, {"end": "00:04:34", "start": "00:04:30", "text": "Unreal Engine 5. Um, now I did test this"}, {"end": "00:04:36", "start": "00:04:32", "text": "out um with another account and the one"}, {"end": "00:04:37", "start": "00:04:34", "text": "thing I could say to the team um is"}, {"end": "00:04:39", "start": "00:04:36", "text": "there should probably be some directions"}, {"end": "00:04:40", "start": "00:04:37", "text": "on what to do with the code um once you"}, {"end": "00:04:42", "start": "00:04:39", "text": "get the code because maybe it might be a"}, {"end": "00:04:45", "start": "00:04:40", "text": "little bit confusing. Um but you have to"}, {"end": "00:04:48", "start": "00:04:42", "text": "bring it over to Unreal Engine um 5's um"}, {"end": "00:04:49", "start": "00:04:45", "text": "or yeah uh Epic Games, I'm sorry. You"}, {"end": "00:04:50", "start": "00:04:48", "text": "have to bring it over to the Epic Games"}, {"end": "00:04:51", "start": "00:04:49", "text": "account. And actually, I'll show right"}, {"end": "00:04:53", "start": "00:04:50", "text": "now just in case you guys are new to"}, {"end": "00:04:55", "start": "00:04:51", "text": "Starless. Hold on. This will only take a"}, {"end": "00:04:56", "start": "00:04:53", "text": "second. So, it' be cool if you know"}, {"end": "00:04:58", "start": "00:04:55", "text": "directions pop up or there's a video"}, {"end": "00:04:59", "start": "00:04:56", "text": "like this and the video would go like"}, {"end": "00:05:02", "start": "00:04:58", "text": "something like um all right guys, you"}, {"end": "00:05:03", "start": "00:04:59", "text": "just got your code from startless.com."}, {"end": "00:05:06", "start": "00:05:02", "text": "Make sure you copy that code and come"}, {"end": "00:05:08", "start": "00:05:03", "text": "over to the Epic Games store. From"}, {"end": "00:05:09", "start": "00:05:06", "text": "there, you will need to create a profile"}, {"end": "00:05:11", "start": "00:05:08", "text": "if you have not already created a"}, {"end": "00:05:12", "start": "00:05:09", "text": "profile. But once you have, you will"}, {"end": "00:05:13", "start": "00:05:11", "text": "click on your profile. Mine is"}, {"end": "00:05:16", "start": "00:05:12", "text": "symbolized as a B because that's the"}, {"end": "00:05:17", "start": "00:05:13", "text": "first letter in my gaming tag, BTH2620,"}, {"end": "00:05:19", "start": "00:05:16", "text": "but it will be different for you"}, {"end": "00:05:21", "start": "00:05:17", "text": "depending on what your gaming tag is."}, {"end": "00:05:24", "start": "00:05:19", "text": "Scroll on down to redeem code. Hit that"}, {"end": "00:05:28", "start": "00:05:21", "text": "right there and hit Ctrl +V to copy your"}, {"end": "00:05:30", "start": "00:05:24", "text": "20digit code into the redemption area."}, {"end": "00:05:31", "start": "00:05:28", "text": "Then you hit the redeem button and you"}, {"end": "00:05:34", "start": "00:05:30", "text": "are ready to go. You can download the"}, {"end": "00:05:37", "start": "00:05:31", "text": "game and you can have fun playing Star"}, {"end": "00:05:39", "start": "00:05:34", "text": "Alice on Unreal Engine 5 for absolutely"}, {"end": "00:05:41", "start": "00:05:37", "text": "free. There's plenty more information"}, {"end": "00:05:43", "start": "00:05:39", "text": "out there on YouTube that you can find"}, {"end": "00:05:45", "start": "00:05:41", "text": "if you have some more questions. So"}, {"end": "00:05:47", "start": "00:05:43", "text": "guys, have fun. All right. So, I"}, {"end": "00:05:50", "start": "00:05:45", "text": "mentioned ink um a few minutes ago, but"}, {"end": "00:05:52", "start": "00:05:47", "text": "now now if you played Unreal Engine 5 at"}, {"end": "00:05:54", "start": "00:05:50", "text": "any time in the past couple weeks, we"}, {"end": "00:05:57", "start": "00:05:52", "text": "got the ink airdrop. So, all the ink"}, {"end": "00:05:59", "start": "00:05:54", "text": "that you earned in Unreal Engine 5 was"}, {"end": "00:06:01", "start": "00:05:57", "text": "given to you and you basically start"}, {"end": "00:06:02", "start": "00:05:59", "text": "over acrewing at this very moment. Um"}, {"end": "00:06:04", "start": "00:06:01", "text": "where is ink? I think it's uh on the"}, {"end": "00:06:06", "start": "00:06:02", "text": "main page here. Maybe, maybe, maybe. Oh,"}, {"end": "00:06:08", "start": "00:06:04", "text": "I found it under resources. So, here we"}, {"end": "00:06:10", "start": "00:06:06", "text": "go. So, we can view this item right"}, {"end": "00:06:13", "start": "00:06:08", "text": "here. And you can see there's buyers and"}, {"end": "00:06:15", "start": "00:06:10", "text": "sellers. Um, I saw a couple people um on"}, {"end": "00:06:16", "start": "00:06:13", "text": "X saying that they sold their ink"}, {"end": "00:06:19", "start": "00:06:15", "text": "already. Um, it looks like you could"}, {"end": "00:06:22", "start": "00:06:16", "text": "sell right away for about 14 Atlas per"}, {"end": "00:06:24", "start": "00:06:19", "text": "ink. Um, so like let's just say I sell"}, {"end": "00:06:26", "start": "00:06:22", "text": "50 of my ink. You can see I have 443"}, {"end": "00:06:28", "start": "00:06:24", "text": "that I earned. Um, and I haven't played"}, {"end": "00:06:30", "start": "00:06:26", "text": "since that one double XP weekend. Um,"}, {"end": "00:06:34", "start": "00:06:28", "text": "but I was able to earn that much and I"}, {"end": "00:06:35", "start": "00:06:30", "text": "would get 669 atlas and let's see if I"}, {"end": "00:06:38", "start": "00:06:34", "text": "sell like basically all of it. What"}, {"end": "00:06:39", "start": "00:06:35", "text": "would that be? So we'll sell mats. Um, I"}, {"end": "00:06:42", "start": "00:06:38", "text": "would earn a little more than this. This"}, {"end": "00:06:45", "start": "00:06:39", "text": "is only 12.63, but um it looks like I'd"}, {"end": "00:06:47", "start": "00:06:42", "text": "earn over 5,000 Atlas"}, {"end": "00:06:48", "start": "00:06:45", "text": "just checking this out, man. Just for a"}, {"end": "00:06:49", "start": "00:06:47", "text": "weekend of fun and I was racing and"}, {"end": "00:06:52", "start": "00:06:48", "text": "stuff like that. Look at that. I earned"}, {"end": "00:06:53", "start": "00:06:49", "text": "five bucks for playing a video game. Um"}, {"end": "00:06:54", "start": "00:06:52", "text": "if I wanted, you know, wanted to sell"}, {"end": "00:06:56", "start": "00:06:53", "text": "that right now. I think it' actually be"}, {"end": "00:06:57", "start": "00:06:54", "text": "a little bit more had I grabbed the a"}, {"end": "00:06:59", "start": "00:06:56", "text": "couple of these higher bidders right"}, {"end": "00:07:01", "start": "00:06:57", "text": "here. And who knows how much it would be"}, {"end": "00:07:04", "start": "00:06:59", "text": "cuz it's worth 100,000 LP or something"}, {"end": "00:07:06", "start": "00:07:01", "text": "like that per ink. Um, if I dragged that"}, {"end": "00:07:07", "start": "00:07:04", "text": "into I have to experiment and make a"}, {"end": "00:07:09", "start": "00:07:06", "text": "video on this sometime in the future,"}, {"end": "00:07:12", "start": "00:07:07", "text": "but if I grabbed that, dragged it into"}, {"end": "00:07:13", "start": "00:07:09", "text": "Starbase and deposited it and uh I"}, {"end": "00:07:16", "start": "00:07:12", "text": "talked about that in my last video, but"}, {"end": "00:07:18", "start": "00:07:13", "text": "you can um deposit it into the mystery"}, {"end": "00:07:19", "start": "00:07:16", "text": "the new uh the mystery Starbase. I'm"}, {"end": "00:07:22", "start": "00:07:18", "text": "sorry. It's called the Phantom Starbase"}, {"end": "00:07:25", "start": "00:07:19", "text": "right here. Um if we go over to"}, {"end": "00:07:27", "start": "00:07:22", "text": "operations and uh let's see if we scroll"}, {"end": "00:07:29", "start": "00:07:25", "text": "down from there. Yeah, I can commit the"}, {"end": "00:07:31", "start": "00:07:27", "text": "efforts um put the ink in right there"}, {"end": "00:07:33", "start": "00:07:29", "text": "and get a whole bunch of LP. Um, and who"}, {"end": "00:07:35", "start": "00:07:31", "text": "knows how much, uh, yeah, 400 and"}, {"end": "00:07:38", "start": "00:07:33", "text": "something, you know, like ink could be a"}, {"end": "00:07:39", "start": "00:07:35", "text": "lot more than $5. How, you know, if I"}, {"end": "00:07:41", "start": "00:07:38", "text": "take the time to do it that way. So,"}, {"end": "00:07:43", "start": "00:07:39", "text": "maybe I'll experiment a little bit. Um,"}, {"end": "00:07:44", "start": "00:07:41", "text": "you know, like do 200 one, 200 the"}, {"end": "00:07:46", "start": "00:07:43", "text": "other. See which which earns me the"}, {"end": "00:07:47", "start": "00:07:44", "text": "most. Um, right now a lot of people"}, {"end": "00:07:49", "start": "00:07:46", "text": "might be turning in their ink for LP."}, {"end": "00:07:51", "start": "00:07:47", "text": "Um, so maybe I wait until it slows down"}, {"end": "00:07:53", "start": "00:07:49", "text": "cuz probably a lot of people acrewed LP,"}, {"end": "00:07:54", "start": "00:07:51", "text": "uh, you know, just recently. So, I would"}, {"end": "00:07:55", "start": "00:07:53", "text": "probably wait a little bit um because"}, {"end": "00:07:57", "start": "00:07:54", "text": "people are excited to see what they"}, {"end": "00:07:59", "start": "00:07:55", "text": "would earn. Um, you know, you know, like"}, {"end": "00:08:01", "start": "00:07:57", "text": "uh playing Starbase with that. Um, but"}, {"end": "00:08:03", "start": "00:07:59", "text": "we'll we'll see in the future. I'll try"}, {"end": "00:08:05", "start": "00:08:01", "text": "to make a video on it. Fun stuff, man."}, {"end": "00:08:07", "start": "00:08:03", "text": "It actually unifies like Unreal Engine"}, {"end": "00:08:09", "start": "00:08:05", "text": "and Starbase together into like one"}, {"end": "00:08:11", "start": "00:08:07", "text": "metaverse. I think that's cool. So,"}, {"end": "00:08:14", "start": "00:08:09", "text": "something I want to talk about real fast"}, {"end": "00:08:16", "start": "00:08:11", "text": "is what the CEO of Starales had written"}, {"end": "00:08:18", "start": "00:08:14", "text": "um a little over a week ago in the"}, {"end": "00:08:19", "start": "00:08:16", "text": "Foundation Room. I thought this was"}, {"end": "00:08:20", "start": "00:08:18", "text": "super interesting and it's kind of cool"}, {"end": "00:08:22", "start": "00:08:19", "text": "that I could report on the Foundation"}, {"end": "00:08:24", "start": "00:08:20", "text": "Room because it is public um at this"}, {"end": "00:08:25", "start": "00:08:22", "text": "moment. Um not everyone can actually"}, {"end": "00:08:27", "start": "00:08:24", "text": "type a message in there, but everyone"}, {"end": "00:08:29", "start": "00:08:25", "text": "can actually read what's going on if"}, {"end": "00:08:31", "start": "00:08:27", "text": "they want to. Um, when it first became"}, {"end": "00:08:32", "start": "00:08:29", "text": "public too, it was kind of a wasteland."}, {"end": "00:08:34", "start": "00:08:31", "text": "It was really barren. I think a lot of"}, {"end": "00:08:36", "start": "00:08:32", "text": "people um felt like like their secret"}, {"end": "00:08:39", "start": "00:08:34", "text": "club was violated and so they moved to"}, {"end": "00:08:40", "start": "00:08:36", "text": "the foundation room chat. Um, but I'm"}, {"end": "00:08:41", "start": "00:08:39", "text": "glad that it's kind of like starting to"}, {"end": "00:08:43", "start": "00:08:40", "text": "loosen up a little bit and people are"}, {"end": "00:08:45", "start": "00:08:41", "text": "starting to ask questions again and let"}, {"end": "00:08:47", "start": "00:08:43", "text": "you know let people know. Um, but it's a"}, {"end": "00:08:48", "start": "00:08:45", "text": "great way to um the foundation room is a"}, {"end": "00:08:50", "start": "00:08:47", "text": "great way to communicate with the"}, {"end": "00:08:52", "start": "00:08:48", "text": "Automata team, the creators of Star"}, {"end": "00:08:55", "start": "00:08:50", "text": "Atlas. Um, but the question was, is Sage"}, {"end": "00:08:58", "start": "00:08:52", "text": "C4 going to have UI interface, user"}, {"end": "00:09:00", "start": "00:08:55", "text": "interface, um, the same as Sage or"}, {"end": "00:09:03", "start": "00:08:58", "text": "Hollow Sim, or a mix of both, or"}, {"end": "00:09:05", "start": "00:09:00", "text": "something entirely new? Um, what the CEO"}, {"end": "00:09:07", "start": "00:09:03", "text": "of Star Atlas responded was, it's kind"}, {"end": "00:09:08", "start": "00:09:05", "text": "of top secret leak right here, but"}, {"end": "00:09:10", "start": "00:09:07", "text": "everything is converging on the"}, {"end": "00:09:12", "start": "00:09:08", "text": "UEE/FCUI."}, {"end": "00:09:15", "start": "00:09:10", "text": "So, what that means is, um, it's"}, {"end": "00:09:18", "start": "00:09:12", "text": "converging on the user interface of the"}, {"end": "00:09:21", "start": "00:09:15", "text": "Unreal Engine 5 version of Fleet"}, {"end": "00:09:23", "start": "00:09:18", "text": "Command. Um and then he goes on further"}, {"end": "00:09:24", "start": "00:09:21", "text": "um he writes um it's um partially"}, {"end": "00:09:27", "start": "00:09:23", "text": "because of the partnership and license"}, {"end": "00:09:30", "start": "00:09:24", "text": "we secured with coherent can they can"}, {"end": "00:09:33", "start": "00:09:27", "text": "rep they can replicate almost all of our"}, {"end": "00:09:34", "start": "00:09:30", "text": "sage web code into Unreal Engine 5 for"}, {"end": "00:09:37", "start": "00:09:33", "text": "fleet command and use the same"}, {"end": "00:09:39", "start": "00:09:34", "text": "components across all games. So let's"}, {"end": "00:09:41", "start": "00:09:37", "text": "jump into fleet command for a second. Um"}, {"end": "00:09:42", "start": "00:09:39", "text": "some people out there um you know they"}, {"end": "00:09:45", "start": "00:09:41", "text": "don't have a computer powerful enough to"}, {"end": "00:09:47", "start": "00:09:42", "text": "run um uh Unreal Engine 5. So I just"}, {"end": "00:09:49", "start": "00:09:45", "text": "want to show people what um you know"}, {"end": "00:09:50", "start": "00:09:47", "text": "what C4 possibly could look like. So,"}, {"end": "00:09:53", "start": "00:09:49", "text": "let's let's kind of take a peek at fast"}, {"end": "00:09:55", "start": "00:09:50", "text": "today. And so, this is what what Unreal"}, {"end": "00:09:57", "start": "00:09:53", "text": "Engine 5 looks like on the Salana"}, {"end": "00:09:59", "start": "00:09:55", "text": "blockchain, which is always mind-blowing"}, {"end": "00:10:03", "start": "00:09:57", "text": "on, you know, for me. Um, now soon this"}, {"end": "00:10:05", "start": "00:09:59", "text": "will be on Zinc, not on Salana. Um, Zinc"}, {"end": "00:10:08", "start": "00:10:03", "text": "is the new blockchain that Star Atlas"}, {"end": "00:10:10", "start": "00:10:05", "text": "Automata is about to release. And, uh,"}, {"end": "00:10:12", "start": "00:10:08", "text": "we will be running on that. Um, C4 will"}, {"end": "00:10:16", "start": "00:10:10", "text": "be running on that instead of Salana,"}, {"end": "00:10:17", "start": "00:10:12", "text": "which will save a ton of, um, fees that"}, {"end": "00:10:18", "start": "00:10:16", "text": "we have to pay through Salana. But, look"}, {"end": "00:10:20", "start": "00:10:17", "text": "at this. Look at all the little ships"}, {"end": "00:10:21", "start": "00:10:18", "text": "moving around there. You know, each one"}, {"end": "00:10:23", "start": "00:10:20", "text": "of these ships represents an entire"}, {"end": "00:10:26", "start": "00:10:21", "text": "fleet. And basically, I believe it's"}, {"end": "00:10:28", "start": "00:10:23", "text": "like the largest um ship in the fleet"}, {"end": "00:10:30", "start": "00:10:26", "text": "represents that fleet. Um so you can see"}, {"end": "00:10:32", "start": "00:10:28", "text": "there's a Fimble Fimbo Mamba X in this"}, {"end": "00:10:34", "start": "00:10:30", "text": "one fleet. That will be the largest, you"}, {"end": "00:10:36", "start": "00:10:32", "text": "know, largest ship there. We see some"}, {"end": "00:10:39", "start": "00:10:34", "text": "OPOD scanning some Maxhogs, all sorts of"}, {"end": "00:10:41", "start": "00:10:36", "text": "stuff. So this is what possibly, you"}, {"end": "00:10:44", "start": "00:10:39", "text": "know, Fleek Man's going to kind of take"}, {"end": "00:10:46", "start": "00:10:41", "text": "after. Um now if we click on a certain"}, {"end": "00:10:47", "start": "00:10:44", "text": "sector this is technically it's a star"}, {"end": "00:10:49", "start": "00:10:46", "text": "base but each one of these sectors in"}, {"end": "00:10:50", "start": "00:10:47", "text": "this version kind of rep you know"}, {"end": "00:10:52", "start": "00:10:49", "text": "there's a planet or a sun or yeah I"}, {"end": "00:10:53", "start": "00:10:50", "text": "think a sun kind of representing it like"}, {"end": "00:10:55", "start": "00:10:52", "text": "the center of that like kind of like"}, {"end": "00:10:57", "start": "00:10:53", "text": "solar system basically. Um so we can"}, {"end": "00:10:59", "start": "00:10:55", "text": "approach and we can see even further"}, {"end": "00:11:01", "start": "00:10:57", "text": "detail of you know certain ships and"}, {"end": "00:11:02", "start": "00:10:59", "text": "stuff like that that are mining and"}, {"end": "00:11:04", "start": "00:11:01", "text": "scanning and stuff like that that one"}, {"end": "00:11:07", "start": "00:11:02", "text": "sector. All right I just talked about"}, {"end": "00:11:09", "start": "00:11:04", "text": "zinc a second ago and um it it sounds"}, {"end": "00:11:10", "start": "00:11:07", "text": "like zinc is going to be a little bit"}, {"end": "00:11:12", "start": "00:11:09", "text": "delayed. the blockchain's going to be a"}, {"end": "00:11:15", "start": "00:11:10", "text": "little bit delayed in the Q1 instead of"}, {"end": "00:11:16", "start": "00:11:12", "text": "December. Um that uh was originally"}, {"end": "00:11:17", "start": "00:11:15", "text": "talked about in the town hall. I could"}, {"end": "00:11:18", "start": "00:11:16", "text": "be wrong about this. Um I could have"}, {"end": "00:11:20", "start": "00:11:17", "text": "missed something from the team, but let"}, {"end": "00:11:21", "start": "00:11:18", "text": "me know in the comments below if you"}, {"end": "00:11:23", "start": "00:11:20", "text": "have any more information on that. Um"}, {"end": "00:11:26", "start": "00:11:21", "text": "and I do believe that maybe because of"}, {"end": "00:11:29", "start": "00:11:23", "text": "that um the actual farming of zinc has"}, {"end": "00:11:30", "start": "00:11:26", "text": "been a little bit delayed, but we got um"}, {"end": "00:11:32", "start": "00:11:29", "text": "Chris from economics actually gave us"}, {"end": "00:11:33", "start": "00:11:30", "text": "this placard. Um and if you missed the"}, {"end": "00:11:35", "start": "00:11:32", "text": "economic forum, you might have actually"}, {"end": "00:11:37", "start": "00:11:33", "text": "missed all of this. So, it tells us the"}, {"end": "00:11:39", "start": "00:11:35", "text": "actions that we're going to have to do"}, {"end": "00:11:41", "start": "00:11:37", "text": "to farm zinc and it tells us, you know,"}, {"end": "00:11:43", "start": "00:11:39", "text": "what how much weight each action will"}, {"end": "00:11:44", "start": "00:11:41", "text": "actually give us. Um, so, you know, you"}, {"end": "00:11:45", "start": "00:11:43", "text": "can see right on the screen, you can"}, {"end": "00:11:48", "start": "00:11:44", "text": "pause my video, you can go to the"}, {"end": "00:11:50", "start": "00:11:45", "text": "economics forum, um, and, um, Funcracker"}, {"end": "00:11:52", "start": "00:11:48", "text": "put out an awesome um, also an awesome"}, {"end": "00:11:54", "start": "00:11:50", "text": "article um, from Aphia on X. Um, if you"}, {"end": "00:11:55", "start": "00:11:52", "text": "guys want to check that out that also"}, {"end": "00:11:57", "start": "00:11:54", "text": "has a placard in it, but we'll just jump"}, {"end": "00:11:59", "start": "00:11:55", "text": "through it real fast. Um, Discord"}, {"end": "00:12:01", "start": "00:11:57", "text": "giveaways will be very low. Hall Sim"}, {"end": "00:12:04", "start": "00:11:59", "text": "transactions, Star Atlas Discord level,"}, {"end": "00:12:06", "start": "00:12:01", "text": "what level you are um in the Star Atlas"}, {"end": "00:12:08", "start": "00:12:04", "text": "Discord, and if you tweet # zinc airdrop"}, {"end": "00:12:10", "start": "00:12:06", "text": "up to two times, you will have a low"}, {"end": "00:12:13", "start": "00:12:08", "text": "point value for all of those. Um"}, {"end": "00:12:15", "start": "00:12:10", "text": "Starless Brew attendant,"}, {"end": "00:12:16", "start": "00:12:13", "text": "I can never almost never can make the uh"}, {"end": "00:12:18", "start": "00:12:15", "text": "start the Atlas Brew because it's the"}, {"end": "00:12:19", "start": "00:12:16", "text": "middle of my workday. Sure, a lot of"}, {"end": "00:12:21", "start": "00:12:18", "text": "people in the United States of America"}, {"end": "00:12:22", "start": "00:12:19", "text": "like me uh have a hard time doing that."}, {"end": "00:12:24", "start": "00:12:21", "text": "It's right in the middle of our workday."}, {"end": "00:12:27", "start": "00:12:22", "text": "Um but that will give you a medium low"}, {"end": "00:12:28", "start": "00:12:24", "text": "um amount of points. Um retweet zinc"}, {"end": "00:12:31", "start": "00:12:27", "text": "announcement on X. That's super easy to"}, {"end": "00:12:33", "start": "00:12:28", "text": "do, right? U medium low. Um there will"}, {"end": "00:12:34", "start": "00:12:31", "text": "be a Unreal Engine 5 competition that"}, {"end": "00:12:36", "start": "00:12:33", "text": "will give you a medium amount of points."}, {"end": "00:12:39", "start": "00:12:34", "text": "Um these are really easy. Follow um Star"}, {"end": "00:12:40", "start": "00:12:36", "text": "Atlas on X and follow Zinc on X. You"}, {"end": "00:12:42", "start": "00:12:39", "text": "already are doing that. You don't have"}, {"end": "00:12:44", "start": "00:12:40", "text": "to do it a second time. I guess it'll be"}, {"end": "00:12:46", "start": "00:12:42", "text": "counted. Um so don't worry about that."}, {"end": "00:12:48", "start": "00:12:44", "text": "And join that will be medium. And also"}, {"end": "00:12:51", "start": "00:12:46", "text": "join Star Atlas Discord. Medium amount"}, {"end": "00:12:54", "start": "00:12:48", "text": "of allocations of zinc. Um then Star"}, {"end": "00:12:56", "start": "00:12:51", "text": "Atlas Discord level bonus. The top 100"}, {"end": "00:12:58", "start": "00:12:54", "text": "people in Star Atlas uh Discord will,"}, {"end": "00:12:59", "start": "00:12:56", "text": "you know, grab that. They probably"}, {"end": "00:13:02", "start": "00:12:58", "text": "deserve that. That's a lot of work"}, {"end": "00:13:04", "start": "00:12:59", "text": "making up to those levels. I'm like I'm"}, {"end": "00:13:06", "start": "00:13:02", "text": "like top like 10,000. I'm I'm terrible."}, {"end": "00:13:08", "start": "00:13:04", "text": "I never go on Discord. Uh it's just me"}, {"end": "00:13:12", "start": "00:13:06", "text": "being a Gen Xer I think and it confuses"}, {"end": "00:13:13", "start": "00:13:08", "text": "my brain. Um subscribe to Star Atlas"}, {"end": "00:13:15", "start": "00:13:12", "text": "YouTube channel. That's medium high."}, {"end": "00:13:17", "start": "00:13:13", "text": "That's super easy to do if you haven't"}, {"end": "00:13:19", "start": "00:13:15", "text": "done it already. Um mainet transaction."}, {"end": "00:13:22", "start": "00:13:17", "text": "Um so I believe that that would be you"}, {"end": "00:13:24", "start": "00:13:19", "text": "know a transaction doing something on"}, {"end": "00:13:26", "start": "00:13:22", "text": "Sage Starbase, let's say. Um you know"}, {"end": "00:13:27", "start": "00:13:24", "text": "you you're doing a bunch of transactions"}, {"end": "00:13:28", "start": "00:13:26", "text": "like that that's medium high. Okay. So,"}, {"end": "00:13:31", "start": "00:13:27", "text": "if you're playing Starbase, that'll be"}, {"end": "00:13:34", "start": "00:13:28", "text": "pretty cool. Um, you'll be acrewing um a"}, {"end": "00:13:36", "start": "00:13:31", "text": "medium high amount of uh zinc tokens for"}, {"end": "00:13:38", "start": "00:13:34", "text": "that. Now, I know Chris uh during the"}, {"end": "00:13:40", "start": "00:13:36", "text": "economics forum, he did say um that"}, {"end": "00:13:42", "start": "00:13:38", "text": "there was a certain action or multiple"}, {"end": "00:13:44", "start": "00:13:40", "text": "different actions, I think, on Starbase"}, {"end": "00:13:46", "start": "00:13:42", "text": "that will um give you zinc points. Um"}, {"end": "00:13:47", "start": "00:13:44", "text": "but they're very attuned to making sure"}, {"end": "00:13:49", "start": "00:13:46", "text": "that, you know, someone out there can't"}, {"end": "00:13:51", "start": "00:13:47", "text": "manipulate it to get more tokens than"}, {"end": "00:13:53", "start": "00:13:49", "text": "the average player. Um it it's just it's"}, {"end": "00:13:55", "start": "00:13:51", "text": "keyed into making sure that, you know,"}, {"end": "00:13:58", "start": "00:13:53", "text": "fair gameplay gives you zinc tokens. Um"}, {"end": "00:14:01", "start": "00:13:55", "text": "now marketplace purchases um the amount"}, {"end": "00:14:03", "start": "00:13:58", "text": "per USD will give you a very high amount"}, {"end": "00:14:04", "start": "00:14:01", "text": "of zinc tokens. So maybe you might, you"}, {"end": "00:14:06", "start": "00:14:03", "text": "know, if you want to purchase some ships"}, {"end": "00:14:08", "start": "00:14:04", "text": "in the future, maybe you know some super"}, {"end": "00:14:10", "start": "00:14:06", "text": "expensive ones, uh maybe wait until the"}, {"end": "00:14:12", "start": "00:14:08", "text": "farming, you know, is taken off and uh"}, {"end": "00:14:15", "start": "00:14:10", "text": "yeah, buy away, right? And then um this"}, {"end": "00:14:19", "start": "00:14:12", "text": "um Atlas Atlas locked and Polus locked"}, {"end": "00:14:21", "start": "00:14:15", "text": "um PvP per day for Polus um is high a"}, {"end": "00:14:23", "start": "00:14:19", "text": "high amount. And they all Chris Christ"}, {"end": "00:14:25", "start": "00:14:21", "text": "also said that um you don't need a whole"}, {"end": "00:14:28", "start": "00:14:23", "text": "like create like 30 wallets to try to"}, {"end": "00:14:29", "start": "00:14:25", "text": "get u more zinc tokens. it's actually"}, {"end": "00:14:32", "start": "00:14:28", "text": "better for you to actually have just one"}, {"end": "00:14:34", "start": "00:14:29", "text": "wallet and to focus um all your Atlas"}, {"end": "00:14:37", "start": "00:14:32", "text": "and Polus lockaways onto that one"}, {"end": "00:14:39", "start": "00:14:34", "text": "wallet. And also um uh someone that's"}, {"end": "00:14:41", "start": "00:14:37", "text": "jumping in um that's new that's never"}, {"end": "00:14:44", "start": "00:14:39", "text": "locked Atlas or Polus um has just as"}, {"end": "00:14:45", "start": "00:14:41", "text": "fair advantage as someone that has been"}, {"end": "00:14:48", "start": "00:14:44", "text": "locking for the past bunch of years I"}, {"end": "00:14:49", "start": "00:14:45", "text": "think is what he said. Um so yeah um"}, {"end": "00:14:51", "start": "00:14:48", "text": "watch the economic forum um because you"}, {"end": "00:14:53", "start": "00:14:49", "text": "know it's further explained a lot better"}, {"end": "00:14:55", "start": "00:14:51", "text": "than what I just did uh through Chris."}, {"end": "00:14:57", "start": "00:14:53", "text": "So check that out. Okay, I'll leave a"}, {"end": "00:15:00", "start": "00:14:55", "text": "link below. And again, here is the"}, {"end": "00:15:02", "start": "00:14:57", "text": "article um from Aphia and um Funcracker"}, {"end": "00:15:03", "start": "00:15:00", "text": "breaks down some of the key points, too."}, {"end": "00:15:06", "start": "00:15:02", "text": "I'll I'll try to leave a link for this"}, {"end": "00:15:08", "start": "00:15:03", "text": "also down below. Now, I haven't talked"}, {"end": "00:15:10", "start": "00:15:06", "text": "about Hollow Sim a heck of a lot on my"}, {"end": "00:15:14", "start": "00:15:08", "text": "channel. Uh I had some issues, but I did"}, {"end": "00:15:17", "start": "00:15:10", "text": "buy the battle pass. Um I was playing on"}, {"end": "00:15:19", "start": "00:15:14", "text": "um and man, I got I screwed something"}, {"end": "00:15:21", "start": "00:15:17", "text": "up. It was It's a little bit my fault a"}, {"end": "00:15:24", "start": "00:15:19", "text": "little bit. Um Automat's fault."}, {"end": "00:15:26", "start": "00:15:21", "text": "Basically, um I created multiple um uh"}, {"end": "00:15:28", "start": "00:15:24", "text": "characters on my one account by by"}, {"end": "00:15:30", "start": "00:15:26", "text": "accident. I was having some type of"}, {"end": "00:15:31", "start": "00:15:28", "text": "glitch that was going on and I kept on"}, {"end": "00:15:33", "start": "00:15:30", "text": "trying to recreate a new account,"}, {"end": "00:15:34", "start": "00:15:31", "text": "recreate a new account. And what it did"}, {"end": "00:15:36", "start": "00:15:33", "text": "is it created a whole bunch of"}, {"end": "00:15:38", "start": "00:15:34", "text": "characters. And what happened was as I"}, {"end": "00:15:40", "start": "00:15:36", "text": "was leveling up, um when I was playing"}, {"end": "00:15:43", "start": "00:15:38", "text": "on um"}, {"end": "00:15:44", "start": "00:15:40", "text": "basically uh I wasn't getting any of my"}, {"end": "00:15:46", "start": "00:15:43", "text": "crew members, my crew members were going"}, {"end": "00:15:49", "start": "00:15:44", "text": "to I guess a different character. And so"}, {"end": "00:15:51", "start": "00:15:46", "text": "I had 14 characters as I was trying to"}, {"end": "00:15:52", "start": "00:15:49", "text": "or 14 crew members for to fly all my"}, {"end": "00:15:54", "start": "00:15:51", "text": "fleets to do all my crafting, everything"}, {"end": "00:15:58", "start": "00:15:52", "text": "like that. And it was going terrible."}, {"end": "00:16:00", "start": "00:15:54", "text": "Um, so I was delayed. I was working with"}, {"end": "00:16:02", "start": "00:15:58", "text": "Xcode. Um, thank you so much, Xcode. And"}, {"end": "00:16:05", "start": "00:16:00", "text": "uh, and V V actually helped me get my"}, {"end": "00:16:07", "start": "00:16:02", "text": "battle pass going. And uh, so I I could"}, {"end": "00:16:08", "start": "00:16:05", "text": "not even look at the screen anymore"}, {"end": "00:16:10", "start": "00:16:07", "text": "because I was so like I was just"}, {"end": "00:16:12", "start": "00:16:08", "text": "frustrated and I was it was going so"}, {"end": "00:16:15", "start": "00:16:10", "text": "slow. I was watching everyone level up"}, {"end": "00:16:16", "start": "00:16:12", "text": "and I was dragging, man. with only 14"}, {"end": "00:16:18", "start": "00:16:15", "text": "crew members. I should have had like"}, {"end": "00:16:20", "start": "00:16:16", "text": "something like like 60 at the time or"}, {"end": "00:16:23", "start": "00:16:18", "text": "something like that. Um, so I went from"}, {"end": "00:16:25", "start": "00:16:20", "text": "like in the 300s rank to like I was like"}, {"end": "00:16:27", "start": "00:16:23", "text": "down to like 67 800. I don't know what I"}, {"end": "00:16:29", "start": "00:16:25", "text": "was. I was just getting demolished. Um,"}, {"end": "00:16:31", "start": "00:16:27", "text": "so I had to start all over. All over. I"}, {"end": "00:16:33", "start": "00:16:29", "text": "was a week late. So I'm I'm I'm lagging"}, {"end": "00:16:35", "start": "00:16:31", "text": "a week behind everyone else. Um,"}, {"end": "00:16:38", "start": "00:16:33", "text": "basically like on Hollow Sim. So I'm up"}, {"end": "00:16:39", "start": "00:16:35", "text": "to rank 390 right now, you know. So"}, {"end": "00:16:42", "start": "00:16:38", "text": "that's not bad starting a week late. Um,"}, {"end": "00:16:44", "start": "00:16:39", "text": "I'm a level 21 booster. Um, but"}, {"end": "00:16:46", "start": "00:16:42", "text": "congratulations. I guess during economic"}, {"end": "00:16:49", "start": "00:16:44", "text": "form they said 21 people have um have"}, {"end": "00:16:51", "start": "00:16:46", "text": "completed the entire storyline quest. Uh"}, {"end": "00:16:52", "start": "00:16:49", "text": "I'm not even close to completing the"}, {"end": "00:16:55", "start": "00:16:51", "text": "storyline quest again. I'm like starting"}, {"end": "00:16:57", "start": "00:16:52", "text": "a week week later from everyone else. Um"}, {"end": "00:16:59", "start": "00:16:55", "text": "but uh I mean that's also you know you"}, {"end": "00:17:00", "start": "00:16:57", "text": "you figured not only a week later but"}, {"end": "00:17:02", "start": "00:16:59", "text": "you know like you know doing the daily"}, {"end": "00:17:03", "start": "00:17:00", "text": "the daily quest and everything like"}, {"end": "00:17:06", "start": "00:17:02", "text": "that. Like I'm a week dragging behind"}, {"end": "00:17:07", "start": "00:17:03", "text": "everyone. So um but I you know I'm"}, {"end": "00:17:09", "start": "00:17:06", "text": "determined. I'm determined. I would love"}, {"end": "00:17:11", "start": "00:17:07", "text": "to get uh in in the top I guess I'm in"}, {"end": "00:17:13", "start": "00:17:09", "text": "the top 400 you could say. I want to be"}, {"end": "00:17:14", "start": "00:17:11", "text": "in the top 300. Um, that would be great"}, {"end": "00:17:16", "start": "00:17:13", "text": "if I can somehow accomplish that coming"}, {"end": "00:17:18", "start": "00:17:14", "text": "in, you know, so late. But, uh, I just"}, {"end": "00:17:21", "start": "00:17:16", "text": "want to play this one video right here"}, {"end": "00:17:23", "start": "00:17:18", "text": "real fast. So, Allesca, uh, Flamingo"}, {"end": "00:17:25", "start": "00:17:21", "text": "right here, uh, writes, \"He finished the"}, {"end": "00:17:26", "start": "00:17:23", "text": "Hollow Sims story line, and, you know,"}, {"end": "00:17:27", "start": "00:17:25", "text": "he thanks a bunch of people and stuff"}, {"end": "00:17:29", "start": "00:17:26", "text": "like that, including Vanguard right"}, {"end": "00:17:31", "start": "00:17:27", "text": "here, Gaming Onslaught, all that.\" Um,"}, {"end": "00:17:32", "start": "00:17:29", "text": "but I just wanted to play this video cuz"}, {"end": "00:17:34", "start": "00:17:31", "text": "I thought it was worth it. Um, this is"}, {"end": "00:17:35", "start": "00:17:32", "text": "retweeted um, right through Star Alice."}, {"end": "00:17:37", "start": "00:17:34", "text": "So, a lot of people probably already saw"}, {"end": "00:17:39", "start": "00:17:35", "text": "it, but I think it's awesome because um,"}, {"end": "00:17:41", "start": "00:17:37", "text": "I think he's pretty new to Star Alice"}, {"end": "00:17:42", "start": "00:17:39", "text": "from what I can tell and it's cool to"}, {"end": "00:17:43", "start": "00:17:41", "text": "see someone um, you know, really"}, {"end": "00:17:46", "start": "00:17:42", "text": "enjoying the game. So, let's check this"}, {"end": "00:17:49", "start": "00:17:43", "text": "out. We finished the Holo Sims story"}, {"end": "00:17:51", "start": "00:17:46", "text": "line and we are getting that Zeus"}, {"end": "00:17:54", "start": "00:17:49", "text": "spaceship and we are getting that Soul"}, {"end": "00:17:57", "start": "00:17:51", "text": "Flare skin which looks pretty dope."}, {"end": "00:17:59", "start": "00:17:54", "text": "Let's go. I finished 50th on Global Rank"}, {"end": "00:18:01", "start": "00:17:57", "text": "now. Currently, it's showing 51 here,"}, {"end": "00:18:03", "start": "00:17:59", "text": "but while I was recording, I dropped one"}, {"end": "00:18:06", "start": "00:18:01", "text": "place. Hopefully, I'm going to get into"}, {"end": "00:18:08", "start": "00:18:03", "text": "that 50th and claim some cool prizes"}, {"end": "00:18:10", "start": "00:18:06", "text": "next to this skin and spaceship. Guys,"}, {"end": "00:18:12", "start": "00:18:08", "text": "this was an amazing experience for me. I"}, {"end": "00:18:16", "start": "00:18:10", "text": "haven't played a lot of games like this"}, {"end": "00:18:18", "start": "00:18:12", "text": "in past. So, props to Star Atlas and"}, {"end": "00:18:20", "start": "00:18:16", "text": "please remember that this is just season"}, {"end": "00:18:22", "start": "00:18:18", "text": "1 chapter 1. They going to update the"}, {"end": "00:18:24", "start": "00:18:20", "text": "game. I know that they are already"}, {"end": "00:18:27", "start": "00:18:22", "text": "thinking in future up ahead what they"}, {"end": "00:18:30", "start": "00:18:24", "text": "need to change and how this experience"}, {"end": "00:18:32", "start": "00:18:27", "text": "is going to be much more smooth in the"}, {"end": "00:18:34", "start": "00:18:30", "text": "future. So in Salana Gaming Discord, we"}, {"end": "00:18:36", "start": "00:18:32", "text": "were grinding like crazy for these two,"}, {"end": "00:18:37", "start": "00:18:34", "text": "three weeks. Stop by if you want. We're"}, {"end": "00:18:39", "start": "00:18:36", "text": "going to help you out. We're going to"}, {"end": "00:18:42", "start": "00:18:37", "text": "share some resources, share the tips and"}, {"end": "00:18:44", "start": "00:18:39", "text": "tricks that we have and have fun while"}, {"end": "00:18:48", "start": "00:18:42", "text": "playing games. So yeah, that's it."}, {"end": "00:18:51", "start": "00:18:44", "text": "Flamingo out. Whoop. Let's go. Woohoo."}, {"end": "00:18:53", "start": "00:18:48", "text": "So rock on Flamingo, man. That is cool,"}, {"end": "00:18:55", "start": "00:18:51", "text": "man. Um, I'm jealous. I'm super jealous."}, {"end": "00:18:56", "start": "00:18:53", "text": "Super super jealous. Um, so yeah, I'm"}, {"end": "00:18:57", "start": "00:18:55", "text": "going to grind. I'm going to grind. I"}, {"end": "00:18:59", "start": "00:18:56", "text": "just, you know, I would love to just be,"}, {"end": "00:19:01", "start": "00:18:57", "text": "like I said, in the top 300 if I can"}, {"end": "00:19:03", "start": "00:18:59", "text": "make it. Um, and, you know, I'm not"}, {"end": "00:19:05", "start": "00:19:01", "text": "going to put my expectations too high."}, {"end": "00:19:07", "start": "00:19:03", "text": "Next time, next time. I know what I did"}, {"end": "00:19:10", "start": "00:19:05", "text": "wrong. So, you know, I'm going to make"}, {"end": "00:19:13", "start": "00:19:07", "text": "sure that, uh, I have a clean start to"}, {"end": "00:19:14", "start": "00:19:10", "text": "season two. Oh, man. I want to jump into"}, {"end": "00:19:16", "start": "00:19:13", "text": "Chipto. It's probably going to be I'm"}, {"end": "00:19:19", "start": "00:19:14", "text": "I'm going to do a lot I think in future"}, {"end": "00:19:23", "start": "00:19:16", "text": "recap videos um on Chipto's uh whole"}, {"end": "00:19:24", "start": "00:19:19", "text": "entire um dev logs. But uh man, it's"}, {"end": "00:19:27", "start": "00:19:23", "text": "it's been awesome to see you know the"}, {"end": "00:19:29", "start": "00:19:24", "text": "behind the scenes on the game. Um I this"}, {"end": "00:19:32", "start": "00:19:27", "text": "just right here um so this was uh 3"}, {"end": "00:19:33", "start": "00:19:29", "text": "hours ago. Um you can see so this is"}, {"end": "00:19:35", "start": "00:19:32", "text": "what you know when you walk by thin"}, {"end": "00:19:40", "start": "00:19:33", "text": "objects look how glitchy it would look."}, {"end": "00:19:41", "start": "00:19:35", "text": "Um and then he fixed that just you know"}, {"end": "00:19:44", "start": "00:19:40", "text": "working like last night like look how"}, {"end": "00:19:46", "start": "00:19:41", "text": "clean it looks now. It's crazy. Crazy."}, {"end": "00:19:47", "start": "00:19:44", "text": "You know, those little tiny subtle"}, {"end": "00:19:49", "start": "00:19:46", "text": "things that make a game like that much"}, {"end": "00:19:52", "start": "00:19:47", "text": "better. Um, but what he's been working"}, {"end": "00:19:54", "start": "00:19:49", "text": "on a lot in the past week or so is"}, {"end": "00:19:56", "start": "00:19:52", "text": "really honing in on optimizing the game"}, {"end": "00:19:59", "start": "00:19:54", "text": "and making the game running a lot better"}, {"end": "00:20:02", "start": "00:19:56", "text": "on um, you know, taking up a lot more"}, {"end": "00:20:04", "start": "00:19:59", "text": "um, CPU, GPU um, space on your computer"}, {"end": "00:20:06", "start": "00:20:02", "text": "as you're trying to run it. Um, so maybe"}, {"end": "00:20:07", "start": "00:20:04", "text": "people with slower rig, like not the"}, {"end": "00:20:10", "start": "00:20:06", "text": "best, you know, like high performance"}, {"end": "00:20:12", "start": "00:20:07", "text": "rigs um in the future. Very maybe even"}, {"end": "00:20:13", "start": "00:20:10", "text": "in this new October update will have a"}, {"end": "00:20:15", "start": "00:20:12", "text": "much better experience, you know,"}, {"end": "00:20:16", "start": "00:20:13", "text": "playing Star Atlas or people that"}, {"end": "00:20:18", "start": "00:20:15", "text": "couldn't even run Star Atlas before"}, {"end": "00:20:20", "start": "00:20:16", "text": "might be able to actually uh run it."}, {"end": "00:20:23", "start": "00:20:18", "text": "He's also been working a lot on sound."}, {"end": "00:20:24", "start": "00:20:20", "text": "Um, so cool stuff, man. I really enjoy"}, {"end": "00:20:26", "start": "00:20:23", "text": "this uh, you know, these devlogs. Thank"}, {"end": "00:20:29", "start": "00:20:24", "text": "you, Chip, so much. Seriously, I love"}, {"end": "00:20:31", "start": "00:20:26", "text": "it. So, um, man, I want to do a little"}, {"end": "00:20:33", "start": "00:20:29", "text": "bit of a follow-up on my last recap. I"}, {"end": "00:20:35", "start": "00:20:31", "text": "talked about a couple things and the"}, {"end": "00:20:38", "start": "00:20:33", "text": "first one is the Star Atlas comet meetup"}, {"end": "00:20:40", "start": "00:20:35", "text": "in clone Germany. Um I want to play this"}, {"end": "00:20:41", "start": "00:20:38", "text": "video right here. I think that Shadex"}, {"end": "00:20:42", "start": "00:20:40", "text": "was behind the video. Shadex, let me"}, {"end": "00:20:44", "start": "00:20:41", "text": "know if you are the one that put the"}, {"end": "00:20:46", "start": "00:20:42", "text": "music, edited everything like that. Um"}, {"end": "00:20:48", "start": "00:20:44", "text": "maybe it was a couple different people"}, {"end": "00:20:50", "start": "00:20:46", "text": "all together um putting it together. But"}, {"end": "00:20:51", "start": "00:20:48", "text": "regardless, I want to play it because"}, {"end": "00:20:54", "start": "00:20:50", "text": "it's absolutely beautiful and it's"}, {"end": "00:20:57", "start": "00:20:51", "text": "awesome to see a family."}, {"end": "00:21:03", "start": "00:20:54", "text": "Um so did I do that right? Is that a"}, {"end": "00:21:03", "start": "00:20:57", "text": "heart? Uh so let's check it out. Heat."}, {"end": "00:21:13", "start": "00:21:03", "text": "[Music]"}, {"end": "00:21:15", "start": "00:21:13", "text": "Heat."}, {"end": "00:21:17", "start": "00:21:14", "text": "[Music]"}, {"end": "00:21:36", "start": "00:21:15", "text": "[Applause]"}, {"end": "00:21:39", "start": "00:21:17", "text": "[Music]"}, {"end": "00:21:43", "start": "00:21:36", "text": "Tell me is the day."}, {"end": "00:21:44", "start": "00:21:39", "text": "Tell me if it's all right."}, {"end": "00:21:49", "start": "00:21:43", "text": "All right."}, {"end": "00:21:52", "start": "00:21:44", "text": "I feel so light"}, {"end": "00:21:57", "start": "00:21:49", "text": "all the time."}, {"end": "00:21:57", "start": "00:21:52", "text": "And I don't mind."}, {"end": "00:22:08", "start": "00:21:59", "text": "I feel so"}, {"end": "00:22:08", "start": "00:22:02", "text": "[Music]"}, {"end": "00:22:17", "start": "00:22:11", "text": "Beautiful"}, {"end": "00:22:19", "start": "00:22:13", "text": "[Music]"}, {"end": "00:22:21", "start": "00:22:17", "text": "stuff, right? Um, the next thing I want"}, {"end": "00:22:25", "start": "00:22:19", "text": "to uh do a follow-up on is the whole"}, {"end": "00:22:27", "start": "00:22:21", "text": "entire Iris Quest uh competition. Um,"}, {"end": "00:22:29", "start": "00:22:25", "text": "uh, we're in a couple retweets from"}, {"end": "00:22:32", "start": "00:22:27", "text": "Starless community. Let's jump in. Let's"}, {"end": "00:22:36", "start": "00:22:29", "text": "look at Andre's right here. Um, so he"}, {"end": "00:22:38", "start": "00:22:32", "text": "was the Vanguard Bravo team won the Iris"}, {"end": "00:22:41", "start": "00:22:36", "text": "Quest. Congratulations, Vanguard. Um,"}, {"end": "00:22:43", "start": "00:22:38", "text": "the Flame Forge contest. We are the best"}, {"end": "00:22:46", "start": "00:22:41", "text": "racers, best hollowosim guild, um, best"}, {"end": "00:22:48", "start": "00:22:43", "text": "mud sage guild, best shooters, and most"}, {"end": "00:22:50", "start": "00:22:46", "text": "sexy players of Calia. Uh, they're not"}, {"end": "00:22:52", "start": "00:22:48", "text": "doing so well on Hollow Sim all of a"}, {"end": "00:22:54", "start": "00:22:50", "text": "sudden. I don't think Mud is doing"}, {"end": "00:22:56", "start": "00:22:52", "text": "fantastic. Let's take a peek. Um, uh,"}, {"end": "00:22:59", "start": "00:22:54", "text": "yeah, Mud Mud's Mud's Mud's lagging"}, {"end": "00:23:01", "start": "00:22:56", "text": "behind Oni and Ster at this very moment."}, {"end": "00:23:02", "start": "00:22:59", "text": "Um, man, you got to step it up, Mud. But"}, {"end": "00:23:03", "start": "00:23:01", "text": "for the most part, you know, you know,"}, {"end": "00:23:06", "start": "00:23:02", "text": "maybe Vanguard is the best players in"}, {"end": "00:23:08", "start": "00:23:03", "text": "Mud. Maybe. So, here's the whole"}, {"end": "00:23:12", "start": "00:23:06", "text": "breakdown. And it uh you know was"}, {"end": "00:23:14", "start": "00:23:08", "text": "between um uh Vanguard Bravo and UMG."}, {"end": "00:23:16", "start": "00:23:12", "text": "And what's cool about UMG is uh they"}, {"end": "00:23:18", "start": "00:23:14", "text": "came out of nowhere apparently. Um but"}, {"end": "00:23:21", "start": "00:23:16", "text": "that is uh yeah my buddy one of my good"}, {"end": "00:23:23", "start": "00:23:18", "text": "buddies on X and on YouTube. Um ah"}, {"end": "00:23:26", "start": "00:23:21", "text": "here's the post right here. Um yeah,"}, {"end": "00:23:30", "start": "00:23:23", "text": "Kryptoiji man Gustrov fellow YouTuber."}, {"end": "00:23:33", "start": "00:23:26", "text": "Um, so man from the Macedonians and you"}, {"end": "00:23:35", "start": "00:23:30", "text": "can see right here uh the UMG gang right"}, {"end": "00:23:37", "start": "00:23:33", "text": "there coming out of nowhere almost"}, {"end": "00:23:41", "start": "00:23:35", "text": "taking the whole entire lead. But"}, {"end": "00:23:43", "start": "00:23:37", "text": "congratulations to Vanguard and man Neo"}, {"end": "00:23:45", "start": "00:23:41", "text": "Armstrong doing I think an 8 hour stint"}, {"end": "00:23:47", "start": "00:23:43", "text": "of uh you know of broadcasting the whole"}, {"end": "00:23:49", "start": "00:23:45", "text": "entire event. Here we go. Vanguard's"}, {"end": "00:23:51", "start": "00:23:47", "text": "Agent Solos right here. This um post"}, {"end": "00:23:53", "start": "00:23:49", "text": "right here. Uh this is extremely epic."}, {"end": "00:23:55", "start": "00:23:51", "text": "Great job Iris Quest team. Um, and then"}, {"end": "00:23:58", "start": "00:23:53", "text": "yeah, he thanks uh Neil Armstrong and"}, {"end": "00:24:00", "start": "00:23:55", "text": "then Moringa also um was a co-host on,"}, {"end": "00:24:02", "start": "00:23:58", "text": "you know, um com with the commentary on"}, {"end": "00:24:04", "start": "00:24:00", "text": "the whole entire event. That's insane,"}, {"end": "00:24:06", "start": "00:24:02", "text": "man. I don't know how his uh both their"}, {"end": "00:24:09", "start": "00:24:04", "text": "voices held out, especially Neo"}, {"end": "00:24:12", "start": "00:24:06", "text": "Armstrong. Um but let's see. Uh one"}, {"end": "00:24:15", "start": "00:24:09", "text": "more. Bruho um did a little post on it."}, {"end": "00:24:16", "start": "00:24:12", "text": "Um so this is by Bruho put this out. Um"}, {"end": "00:24:18", "start": "00:24:15", "text": "final moments of the last match of the"}, {"end": "00:24:20", "start": "00:24:16", "text": "Iris Quest tournament when the team"}, {"end": "00:24:22", "start": "00:24:18", "text": "sends their best players to determine"}, {"end": "00:24:24", "start": "00:24:20", "text": "the MVP. Um yeah, this is kind of hosted"}, {"end": "00:24:25", "start": "00:24:22", "text": "by Santi and Dom here. But uh yeah, I"}, {"end": "00:24:27", "start": "00:24:24", "text": "just want to play just the very last"}, {"end": "00:24:29", "start": "00:24:25", "text": "seconds of the last uh seconds."}, {"end": "00:24:30", "start": "00:24:27", "text": "Stay on the board. We see Let's see if"}, {"end": "00:24:32", "start": "00:24:29", "text": "he can clutch this out."}, {"end": "00:24:33", "start": "00:24:30", "text": "Oh, it's Vicks right in the back. And"}, {"end": "00:24:35", "start": "00:24:32", "text": "then he has his pro killer right in"}, {"end": "00:24:37", "start": "00:24:33", "text": "front of him for the pick. It's 48"}, {"end": "00:24:37", "start": "00:24:35", "text": "kills. Two more kills left. Two more"}, {"end": "00:24:39", "start": "00:24:37", "text": "kills."}, {"end": "00:24:40", "start": "00:24:37", "text": "Two more kills for Hagar. He wants Vick"}, {"end": "00:24:44", "start": "00:24:39", "text": "right in front of him in a row."}, {"end": "00:24:46", "start": "00:24:40", "text": "Oh. Oh. And then he Oh my god. Hacker."}, {"end": "00:24:48", "start": "00:24:44", "text": "Absolute battle. Is he going to kill"}, {"end": "00:24:50", "start": "00:24:46", "text": "Vick? This is a big kill. That's a huge"}, {"end": "00:24:52", "start": "00:24:48", "text": "kill. That's a huge killer. One to go."}, {"end": "00:24:53", "start": "00:24:50", "text": "Hackmer one kill away. Needs to be"}, {"end": "00:24:55", "start": "00:24:52", "text": "melee."}, {"end": "00:24:58", "start": "00:24:53", "text": "Obviously going over he doesn't win. No,"}, {"end": "00:24:59", "start": "00:24:55", "text": "he doesn't."}, {"end": "00:25:01", "start": "00:24:58", "text": "He know behind you."}, {"end": "00:25:03", "start": "00:24:59", "text": "Oh my god. Hy actually does the melee."}, {"end": "00:25:04", "start": "00:25:01", "text": "He does the melee for the memes."}, {"end": "00:25:05", "start": "00:25:03", "text": "Oh wow."}, {"end": "00:25:05", "start": "00:25:04", "text": "Crazy, man. So look at all these Look at"}, {"end": "00:25:07", "start": "00:25:05", "text": "these."}, {"end": "00:25:09", "start": "00:25:05", "text": "Oh my god. He actually does the"}, {"end": "00:25:11", "start": "00:25:07", "text": "Wait, hold on. Let me rewind it. So look"}, {"end": "00:25:15", "start": "00:25:09", "text": "at all these. I mean, these are absolute"}, {"end": "00:25:16", "start": "00:25:11", "text": "like elite legends right here. Um in the"}, {"end": "00:25:19", "start": "00:25:15", "text": "playing each other, you know, to see who"}, {"end": "00:25:20", "start": "00:25:16", "text": "is the absolute best. And um everyone"}, {"end": "00:25:22", "start": "00:25:19", "text": "always says, you know, Santi jokes about"}, {"end": "00:25:24", "start": "00:25:20", "text": "it a lot um in the Atlas Brew and stuff"}, {"end": "00:25:26", "start": "00:25:22", "text": "that like if you see Hackmer uh in the"}, {"end": "00:25:27", "start": "00:25:24", "text": "lobby, uh you know what's going to"}, {"end": "00:25:30", "start": "00:25:26", "text": "happen. Uh he's going to absolutely"}, {"end": "00:25:31", "start": "00:25:27", "text": "slaughter you. But um another he I'm"}, {"end": "00:25:33", "start": "00:25:30", "text": "surprised he was only six because a lot"}, {"end": "00:25:36", "start": "00:25:31", "text": "of people talk about him all the time,"}, {"end": "00:25:39", "start": "00:25:33", "text": "but uh kill this guy. Um part of the Q"}, {"end": "00:25:42", "start": "00:25:36", "text": "gang also. Um man, he every time I don't"}, {"end": "00:25:43", "start": "00:25:39", "text": "know how I am so unlucky, but um I know"}, {"end": "00:25:44", "start": "00:25:42", "text": "he's from the United States and I know"}, {"end": "00:25:46", "start": "00:25:43", "text": "this because he just put out a video."}, {"end": "00:25:48", "start": "00:25:44", "text": "Um, so me and him are awake at the same"}, {"end": "00:25:50", "start": "00:25:46", "text": "time. And uh, every time I happen to go"}, {"end": "00:25:52", "start": "00:25:48", "text": "into the lobby, he's in there and he"}, {"end": "00:25:53", "start": "00:25:50", "text": "kills me over and over and over and over"}, {"end": "00:25:55", "start": "00:25:52", "text": "and over and over and over and over"}, {"end": "00:25:58", "start": "00:25:53", "text": "again."}, {"end": "00:25:59", "start": "00:25:55", "text": "And uh, this isn't like an octim. Uh,"}, {"end": "00:26:01", "start": "00:25:58", "text": "they do have a question though about"}, {"end": "00:26:05", "start": "00:25:59", "text": "this. Um, we are going to check"}, {"end": "00:26:07", "start": "00:26:01", "text": "something out. So uh, Bruo put out a um,"}, {"end": "00:26:09", "start": "00:26:05", "text": "another poster here. It says, \"Here's a"}, {"end": "00:26:11", "start": "00:26:07", "text": "clip from Kill the Sky video where he"}, {"end": "00:26:14", "start": "00:26:09", "text": "shows basic aspects of the game and"}, {"end": "00:26:16", "start": "00:26:11", "text": "shares tips to improve.\" So, with that"}, {"end": "00:26:19", "start": "00:26:14", "text": "said, kill this guy. Kills me all the"}, {"end": "00:26:20", "start": "00:26:16", "text": "time. And I want to say because he kills"}, {"end": "00:26:22", "start": "00:26:19", "text": "me all the time and he's always in every"}, {"end": "00:26:25", "start": "00:26:20", "text": "single lobby and I almost can never go"}, {"end": "00:26:28", "start": "00:26:22", "text": "into play UE5 without him being in the"}, {"end": "00:26:30", "start": "00:26:25", "text": "lobby. Uh, I kind of stop playing UEIE5"}, {"end": "00:26:32", "start": "00:26:28", "text": "because he slaughters me every single"}, {"end": "00:26:34", "start": "00:26:30", "text": "time. And it's kind of not that fun."}, {"end": "00:26:35", "start": "00:26:32", "text": "It's like I literally spawn in and he's"}, {"end": "00:26:36", "start": "00:26:34", "text": "like right there and he kills me. I"}, {"end": "00:26:38", "start": "00:26:35", "text": "spawn in again, he's right there and he"}, {"end": "00:26:39", "start": "00:26:36", "text": "kills me. He's not like really camping,"}, {"end": "00:26:42", "start": "00:26:38", "text": "but he's so good that like he's all the"}, {"end": "00:26:43", "start": "00:26:39", "text": "way across like like like on the other"}, {"end": "00:26:46", "start": "00:26:42", "text": "side of the map and he just shoots me"}, {"end": "00:26:48", "start": "00:26:43", "text": "like you know second I like walk in. But"}, {"end": "00:26:49", "start": "00:26:46", "text": "he put out a video even though he like"}, {"end": "00:26:51", "start": "00:26:48", "text": "stopped me from playing U5, he actually"}, {"end": "00:26:53", "start": "00:26:49", "text": "put out a video"}, {"end": "00:26:55", "start": "00:26:51", "text": "right here."}, {"end": "00:26:57", "start": "00:26:53", "text": "So he put out this video for noobs and I"}, {"end": "00:26:59", "start": "00:26:55", "text": "realized when he talks about like the"}, {"end": "00:27:01", "start": "00:26:57", "text": "things that noobs do wrongwards"}, {"end": "00:27:03", "start": "00:26:59", "text": "I'm doing like everything possibly"}, {"end": "00:27:04", "start": "00:27:01", "text": "wrong. He talks about like the movement"}, {"end": "00:27:06", "start": "00:27:03", "text": "and how it's easy to track and like you"}, {"end": "00:27:08", "start": "00:27:04", "text": "know flying like going backwards and"}, {"end": "00:27:09", "start": "00:27:06", "text": "like trying to run away like if you"}, {"end": "00:27:11", "start": "00:27:08", "text": "almost get killed like everything that"}, {"end": "00:27:14", "start": "00:27:09", "text": "he said like he told me not to do in"}, {"end": "00:27:17", "start": "00:27:11", "text": "this video is exactly what I do and"}, {"end": "00:27:19", "start": "00:27:14", "text": "which makes sense why uh yeah why it's"}, {"end": "00:27:22", "start": "00:27:17", "text": "so easy for him to kill me because I'm"}, {"end": "00:27:24", "start": "00:27:19", "text": "doing everything basically exactly I'm"}, {"end": "00:27:26", "start": "00:27:22", "text": "meat fodder I'm like you know he can"}, {"end": "00:27:28", "start": "00:27:24", "text": "farm XP by me because I'm so easy to"}, {"end": "00:27:31", "start": "00:27:26", "text": "kill uh and I'm a total noob you know"}, {"end": "00:27:32", "start": "00:27:28", "text": "especially keyboard and mouse u which I"}, {"end": "00:27:35", "start": "00:27:31", "text": "didn't think I was that bad at playing"}, {"end": "00:27:36", "start": "00:27:32", "text": "shooters because like I know it's just"}, {"end": "00:27:38", "start": "00:27:35", "text": "Fortnite, but I'm really good at"}, {"end": "00:27:40", "start": "00:27:36", "text": "Fortnite. I tend to like, you know,"}, {"end": "00:27:41", "start": "00:27:38", "text": "clean house and like like when I play"}, {"end": "00:27:43", "start": "00:27:40", "text": "solo matches and win all the time, but"}, {"end": "00:27:44", "start": "00:27:41", "text": "I'm so bad at this and I can't figure"}, {"end": "00:27:46", "start": "00:27:43", "text": "out why I'm so bad at this. I know it's"}, {"end": "00:27:47", "start": "00:27:44", "text": "part of part partially because the"}, {"end": "00:27:49", "start": "00:27:46", "text": "keyboard and mouse, but um I I just"}, {"end": "00:27:52", "start": "00:27:47", "text": "think that also Fortnite, you know, like"}, {"end": "00:27:54", "start": "00:27:49", "text": "is uh you know, they they put me in like"}, {"end": "00:27:56", "start": "00:27:52", "text": "they don't put me against like crazy"}, {"end": "00:27:58", "start": "00:27:54", "text": "crazy good players like I'm going"}, {"end": "00:28:00", "start": "00:27:56", "text": "against right here. So, I want if you"}, {"end": "00:28:02", "start": "00:27:58", "text": "guys are having the same issue as me, I"}, {"end": "00:28:03", "start": "00:28:00", "text": "want you to watch Kill This Guy's video."}, {"end": "00:28:04", "start": "00:28:02", "text": "There's a link down below. This is"}, {"end": "00:28:06", "start": "00:28:03", "text": "awesome, you know, and I really love his"}, {"end": "00:28:07", "start": "00:28:04", "text": "content. Uh, he only put out this one"}, {"end": "00:28:09", "start": "00:28:06", "text": "video for Star Alice so far, but I hope"}, {"end": "00:28:10", "start": "00:28:07", "text": "he puts out more. But, uh, I was just"}, {"end": "00:28:12", "start": "00:28:09", "text": "going to play a couple seconds,"}, {"end": "00:28:13", "start": "00:28:10", "text": "but then I incorporate turning my mouse"}, {"end": "00:28:15", "start": "00:28:12", "text": "at the same time. So, like while I'm"}, {"end": "00:28:16", "start": "00:28:13", "text": "tracking, I'm also turning my mouse. And"}, {"end": "00:28:18", "start": "00:28:15", "text": "then also make sure that you're strafing"}, {"end": "00:28:19", "start": "00:28:16", "text": "forward as well sometimes to counter"}, {"end": "00:28:20", "start": "00:28:18", "text": "strafing backwards because you don't"}, {"end": "00:28:22", "start": "00:28:19", "text": "want to just be on your back for the"}, {"end": "00:28:24", "start": "00:28:20", "text": "whole time instead of just left to"}, {"end": "00:28:26", "start": "00:28:22", "text": "right. So, you kind of like a circle. I"}, {"end": "00:28:28", "start": "00:28:24", "text": "guess you can follow the keystrokes."}, {"end": "00:28:30", "start": "00:28:26", "text": "Hold W, press A and D, hold reverse,"}, {"end": "00:28:32", "start": "00:28:28", "text": "press A and D to make it feel a little"}, {"end": "00:28:34", "start": "00:28:30", "text": "bit more fluid and harder to hit. One"}, {"end": "00:28:36", "start": "00:28:32", "text": "thing I would suggest is in most fights"}, {"end": "00:28:37", "start": "00:28:34", "text": "you get into, you're not adsing in"}, {"end": "00:28:38", "start": "00:28:36", "text": "fights when you're up close with"}, {"end": "00:28:40", "start": "00:28:37", "text": "somebody. So if I'm within I mean I'll"}, {"end": "00:28:40", "start": "00:28:38", "text": "shoot somebody across the map like this"}, {"end": "00:28:42", "start": "00:28:40", "text": "without"}, {"end": "00:28:44", "start": "00:28:40", "text": "Well, you guys can watch this uh um for"}, {"end": "00:28:46", "start": "00:28:42", "text": "yourself, but it it's a great video if"}, {"end": "00:28:48", "start": "00:28:44", "text": "you're new to Star Atlas, man. Check it"}, {"end": "00:28:50", "start": "00:28:46", "text": "out. Um or or just new to like"}, {"end": "00:28:52", "start": "00:28:48", "text": "first-person shooters. Um basically,"}, {"end": "00:28:54", "start": "00:28:50", "text": "it's also good if you aren't weren't on"}, {"end": "00:28:56", "start": "00:28:52", "text": "that list that we were just looking at,"}, {"end": "00:28:58", "start": "00:28:54", "text": "like check this out. Um, the guys at the"}, {"end": "00:28:59", "start": "00:28:56", "text": "Atlas Brew were joking that even Chipto,"}, {"end": "00:29:01", "start": "00:28:58", "text": "who's actually building the game,"}, {"end": "00:29:03", "start": "00:28:59", "text": "learned stuff, um, from Kill the Sky by"}, {"end": "00:29:06", "start": "00:29:01", "text": "watching this video, which is insane."}, {"end": "00:29:08", "start": "00:29:03", "text": "Um, so, uh, yeah. Yeah. Thanks. Thanks,"}, {"end": "00:29:10", "start": "00:29:06", "text": "buddy, for putting this out. Um, it"}, {"end": "00:29:12", "start": "00:29:08", "text": "looks like I am your 18th like, and I"}, {"end": "00:29:15", "start": "00:29:10", "text": "just subscribed to you. So, I'm your"}, {"end": "00:29:18", "start": "00:29:12", "text": "868th subscriber. Um, this video at this"}, {"end": "00:29:20", "start": "00:29:15", "text": "time, uh, how many, uh, does it have?"}, {"end": "00:29:22", "start": "00:29:18", "text": "112 views. So, guys, I want, uh, him to"}, {"end": "00:29:24", "start": "00:29:20", "text": "have, uh, 400 views."}, {"end": "00:29:25", "start": "00:29:22", "text": "There's 300 people watching this video"}, {"end": "00:29:27", "start": "00:29:24", "text": "uh that I just put I'm putting out this"}, {"end": "00:29:29", "start": "00:29:25", "text": "recap video. Go watch Kill the Skies"}, {"end": "00:29:30", "start": "00:29:27", "text": "afterwards, man. Uh link down below for"}, {"end": "00:29:32", "start": "00:29:29", "text": "sure. Um yeah, let's let's get his uh"}, {"end": "00:29:35", "start": "00:29:30", "text": "views up and more subscribers for him so"}, {"end": "00:29:36", "start": "00:29:32", "text": "he makes more content for Star Atlas. Um"}, {"end": "00:29:38", "start": "00:29:35", "text": "you know, it was really well done video"}, {"end": "00:29:40", "start": "00:29:36", "text": "too, you know. Um yeah, bro, I want to"}, {"end": "00:29:41", "start": "00:29:38", "text": "like almost hang out with you. You sound"}, {"end": "00:29:44", "start": "00:29:40", "text": "like a cool dude, man. Here's a question"}, {"end": "00:29:46", "start": "00:29:41", "text": "for you before I say goodbye. And uh my"}, {"end": "00:29:48", "start": "00:29:44", "text": "experiences in UE5 is I'm not playing as"}, {"end": "00:29:49", "start": "00:29:46", "text": "much as I really really want to. Part of"}, {"end": "00:29:51", "start": "00:29:48", "text": "the reason why is there's these the guys"}, {"end": "00:29:52", "start": "00:29:49", "text": "that we just looked at, the elites,"}, {"end": "00:29:54", "start": "00:29:51", "text": "they're in there practicing all the"}, {"end": "00:29:55", "start": "00:29:52", "text": "time. Now, this is good because it's"}, {"end": "00:29:56", "start": "00:29:54", "text": "putting, you know, these guys are"}, {"end": "00:29:58", "start": "00:29:55", "text": "grinding for their XP. They're also"}, {"end": "00:29:59", "start": "00:29:56", "text": "grinding to see, you know, for to be the"}, {"end": "00:30:01", "start": "00:29:58", "text": "best in the next tournament, you know,"}, {"end": "00:30:03", "start": "00:29:59", "text": "uh they're working together with their,"}, {"end": "00:30:05", "start": "00:30:01", "text": "you know, their different um their"}, {"end": "00:30:07", "start": "00:30:03", "text": "different uh uh you know, uh groups, you"}, {"end": "00:30:10", "start": "00:30:05", "text": "know, or you know, the guilds. Um but"}, {"end": "00:30:12", "start": "00:30:07", "text": "here's my question is um I I tend to"}, {"end": "00:30:13", "start": "00:30:10", "text": "like when I do pop in tend to only see"}, {"end": "00:30:15", "start": "00:30:12", "text": "like a lot of the same players there all"}, {"end": "00:30:17", "start": "00:30:13", "text": "the time. The good thing I see is that"}, {"end": "00:30:18", "start": "00:30:15", "text": "there's if you join a lobby, there's"}, {"end": "00:30:20", "start": "00:30:17", "text": "people in the lobby all the time, right?"}, {"end": "00:30:21", "start": "00:30:18", "text": "The bad thing is there's only a handful"}, {"end": "00:30:23", "start": "00:30:20", "text": "of pe of the same people in the lobby"}, {"end": "00:30:24", "start": "00:30:21", "text": "all the time. And if you're, you know,"}, {"end": "00:30:26", "start": "00:30:23", "text": "not an experienced player, you just get"}, {"end": "00:30:29", "start": "00:30:24", "text": "killed and you have kind of a bad"}, {"end": "00:30:30", "start": "00:30:26", "text": "experience maybe. Um, so I'm curious, my"}, {"end": "00:30:33", "start": "00:30:29", "text": "my opinion is, is there anyone else that"}, {"end": "00:30:35", "start": "00:30:30", "text": "has that uh that same uh experience as"}, {"end": "00:30:36", "start": "00:30:33", "text": "me? And how do you fix it? The only"}, {"end": "00:30:38", "start": "00:30:35", "text": "thing I can think of is how to fix it is"}, {"end": "00:30:41", "start": "00:30:36", "text": "if uh like let's just say that the you"}, {"end": "00:30:43", "start": "00:30:38", "text": "know there's like they can earn like you"}, {"end": "00:30:45", "start": "00:30:41", "text": "can have a private lobby and still gain"}, {"end": "00:30:46", "start": "00:30:43", "text": "XP by playing a private lobby. So like"}, {"end": "00:30:48", "start": "00:30:45", "text": "maybe like the Q guys can all like"}, {"end": "00:30:50", "start": "00:30:46", "text": "practice against each other constantly."}, {"end": "00:30:52", "start": "00:30:48", "text": "Um and then like that frees up the lobby"}, {"end": "00:30:54", "start": "00:30:50", "text": "to you know not to you know so they"}, {"end": "00:30:56", "start": "00:30:52", "text": "don't have to farm XP from just the the"}, {"end": "00:30:58", "start": "00:30:54", "text": "everyday player you know um cuz there's"}, {"end": "00:31:00", "start": "00:30:56", "text": "not enough people playing Star Atlas to"}, {"end": "00:31:01", "start": "00:30:58", "text": "have skill-based matchmaking even if"}, {"end": "00:31:04", "start": "00:31:00", "text": "they had the technology to do so at the"}, {"end": "00:31:05", "start": "00:31:01", "text": "moment. Um, and part of the reason that,"}, {"end": "00:31:07", "start": "00:31:04", "text": "you know, we can't get more people if"}, {"end": "00:31:08", "start": "00:31:05", "text": "everyone just gets like completely"}, {"end": "00:31:11", "start": "00:31:07", "text": "slaughtered the second they try to play"}, {"end": "00:31:12", "start": "00:31:08", "text": "the game. Uh, it's it's a weird thing I"}, {"end": "00:31:15", "start": "00:31:11", "text": "I feel like. So, I'm curious what you"}, {"end": "00:31:16", "start": "00:31:12", "text": "guys' uh what your own experiences are."}, {"end": "00:31:18", "start": "00:31:15", "text": "Um, let me know in the comments below."}, {"end": "00:31:19", "start": "00:31:16", "text": "But with that thought, you know, it"}, {"end": "00:31:19", "start": "00:31:18", "text": "wasn't supposed to be a negative"}, {"end": "00:31:21", "start": "00:31:19", "text": "thought. It's just a thought to make"}, {"end": "00:31:23", "start": "00:31:19", "text": "Star Atlas better. You know, I want to"}, {"end": "00:31:25", "start": "00:31:21", "text": "make it better all the time. Um because"}, {"end": "00:31:27", "start": "00:31:23", "text": "my kid's also one last thought, my kid's"}, {"end": "00:31:28", "start": "00:31:25", "text": "also pretty darn good at games like this"}, {"end": "00:31:30", "start": "00:31:27", "text": "and he can't even come close to"}, {"end": "00:31:32", "start": "00:31:28", "text": "competing with like the Q guys for"}, {"end": "00:31:34", "start": "00:31:30", "text": "instance, you know, or the UMG guys. Uh"}, {"end": "00:31:36", "start": "00:31:32", "text": "again, let me know your thoughts below."}, {"end": "00:31:38", "start": "00:31:34", "text": "Please like, please subscribe, please"}, {"end": "00:31:39", "start": "00:31:36", "text": "check out Kill This Guy's video right"}, {"end": "00:31:41", "start": "00:31:38", "text": "here. Get him some more subscribers, and"}, {"end": "00:31:45", "start": "00:31:39", "text": "I'll talk to you in the next one. Later."}, {"end": "00:31:45", "start": "00:31:41", "text": "[Music]"}, {"end": "00:31:49", "start": "00:31:46", "text": "Heat. Heat."}]

[{"end": "00:00:05", "start": "00:00:00", "text": "Yo, what is up? Captain Zank, Dead's Man"}, {"end": "00:00:07", "start": "00:00:03", "text": "Star Alice had a huge patch for Unreal"}, {"end": "00:00:08", "start": "00:00:05", "text": "Engine 5. It was an awesome town hall we"}, {"end": "00:00:10", "start": "00:00:07", "text": "just had recently that filled us all in"}, {"end": "00:00:11", "start": "00:00:08", "text": "on what is going on. But look at this"}, {"end": "00:00:13", "start": "00:00:10", "text": "screen right here. What the heck is"}, {"end": "00:00:16", "start": "00:00:11", "text": "this? It is ink and you can earn it in"}, {"end": "00:00:19", "start": "00:00:13", "text": "Unreal Engine 5. And man, I think it's"}, {"end": "00:00:21", "start": "00:00:16", "text": "worth quite a bit, man. It's worth your"}, {"end": "00:00:23", "start": "00:00:19", "text": "while to actually play and grind and get"}, {"end": "00:00:27", "start": "00:00:21", "text": "this ink. What is ink? We'll talk about"}, {"end": "00:00:27", "start": "00:00:23", "text": "in this episode. Let's go. Wow."}, {"end": "00:00:36", "start": "00:00:28", "text": "[Music]"}, {"end": "00:00:43", "start": "00:00:39", "text": "Yo, what's up muds? What's up ponies?"}, {"end": "00:00:45", "start": "00:00:40", "text": "And what is up boosters? Do you remember"}, {"end": "00:00:47", "start": "00:00:43", "text": "a video I made a few weeks back? It was"}, {"end": "00:00:49", "start": "00:00:45", "text": "this one uh right here where my you know"}, {"end": "00:00:52", "start": "00:00:47", "text": "little mouse is scrolling over. It's"}, {"end": "00:00:54", "start": "00:00:49", "text": "what is black goo? It says black goo,"}, {"end": "00:00:56", "start": "00:00:52", "text": "are you ready? On the thumbnail. Well,"}, {"end": "00:00:59", "start": "00:00:54", "text": "in that video, I talked all about this"}, {"end": "00:01:00", "start": "00:00:56", "text": "amazing binding agent, this this this"}, {"end": "00:01:03", "start": "00:00:59", "text": "utility that we're going to be able to"}, {"end": "00:01:07", "start": "00:01:00", "text": "earn in Unreal Engine 5. It's a very"}, {"end": "00:01:09", "start": "00:01:03", "text": "super super special um uh resource. Um"}, {"end": "00:01:11", "start": "00:01:07", "text": "and this resource that you can earn in"}, {"end": "00:01:13", "start": "00:01:09", "text": "Unreal Engine 5 is then going to be"}, {"end": "00:01:16", "start": "00:01:11", "text": "utilized in other aspects of the game."}, {"end": "00:01:17", "start": "00:01:13", "text": "And in this certain situation that we're"}, {"end": "00:01:20", "start": "00:01:16", "text": "going to talk about today, it's going to"}, {"end": "00:01:22", "start": "00:01:17", "text": "be utilized in the game Starbased. Um,"}, {"end": "00:01:25", "start": "00:01:20", "text": "so it's going to actually fuse the two"}, {"end": "00:01:28", "start": "00:01:22", "text": "games together into one, making Star"}, {"end": "00:01:32", "start": "00:01:25", "text": "Atlas a true web 3 atmosphere for all of"}, {"end": "00:01:33", "start": "00:01:28", "text": "us players. It is awesome. And I love"}, {"end": "00:01:35", "start": "00:01:32", "text": "the name Black Goo. It's so much fun to"}, {"end": "00:01:37", "start": "00:01:33", "text": "say Black Goo, and I might always call"}, {"end": "00:01:40", "start": "00:01:35", "text": "it Black Goo, but they've changed the"}, {"end": "00:01:41", "start": "00:01:37", "text": "name to Ink. Now, we'll jump into Ink in"}, {"end": "00:01:43", "start": "00:01:40", "text": "just a second, but I want to talk about"}, {"end": "00:01:45", "start": "00:01:41", "text": "the entire patch of Unreal Engine 5"}, {"end": "00:01:47", "start": "00:01:43", "text": "because it's going to tie together um"}, {"end": "00:01:49", "start": "00:01:45", "text": "what is going on with Ink. So, I am"}, {"end": "00:01:50", "start": "00:01:47", "text": "downloading the patch right now. If you"}, {"end": "00:01:52", "start": "00:01:49", "text": "have been playing Star Atlas, you can"}, {"end": "00:01:55", "start": "00:01:50", "text": "jump on into the Epic Game Store and"}, {"end": "00:01:56", "start": "00:01:52", "text": "update your game. Um, it looks like 33"}, {"end": "00:01:58", "start": "00:01:55", "text": "minutes for me, so it's going to take a"}, {"end": "00:01:59", "start": "00:01:56", "text": "little bit. I could always plug in my"}, {"end": "00:02:00", "start": "00:01:58", "text": "Ethernet cable and make this go by a"}, {"end": "00:02:02", "start": "00:01:59", "text": "little bit quicker. But I'm going to"}, {"end": "00:02:05", "start": "00:02:00", "text": "keep on recording and see where we're at"}, {"end": "00:02:06", "start": "00:02:02", "text": "um when I get to the end. And then I'm"}, {"end": "00:02:10", "start": "00:02:05", "text": "going to try to earn myself some black"}, {"end": "00:02:12", "start": "00:02:06", "text": "goo, aka ink. So, let's look at what's"}, {"end": "00:02:14", "start": "00:02:10", "text": "happening in this whole entire patch."}, {"end": "00:02:15", "start": "00:02:12", "text": "Yo, so look how big this patch is, man."}, {"end": "00:02:16", "start": "00:02:14", "text": "It's huge. This is going to take a"}, {"end": "00:02:18", "start": "00:02:15", "text": "minute for us to go through, but look at"}, {"end": "00:02:20", "start": "00:02:16", "text": "this. First off, double XP weekend"}, {"end": "00:02:21", "start": "00:02:18", "text": "starts uh 9 minutes ago. So, if you're"}, {"end": "00:02:25", "start": "00:02:20", "text": "watching this video, you can earn"}, {"end": "00:02:27", "start": "00:02:21", "text": "yourself double XP until uh Labor Day."}, {"end": "00:02:29", "start": "00:02:25", "text": "So, what is it, the 28th of August? So,"}, {"end": "00:02:32", "start": "00:02:27", "text": "probably like 1st or 2nd of September,"}, {"end": "00:02:34", "start": "00:02:29", "text": "I'm guessing it'll be going to. Um so,"}, {"end": "00:02:37", "start": "00:02:32", "text": "wow, man. Get get out there uh download"}, {"end": "00:02:38", "start": "00:02:34", "text": "this uh this new patch and get playing"}, {"end": "00:02:41", "start": "00:02:37", "text": "because you can level up your characters"}, {"end": "00:02:44", "start": "00:02:38", "text": "quick. The actual true dates are August"}, {"end": "00:02:45", "start": "00:02:41", "text": "29th through August 31st. My bad. On top"}, {"end": "00:02:47", "start": "00:02:44", "text": "of earning that double XP, you're going"}, {"end": "00:02:48", "start": "00:02:45", "text": "to be earning yourself some ink. Again,"}, {"end": "00:02:51", "start": "00:02:47", "text": "we'll talk about that in a little bit"}, {"end": "00:02:52", "start": "00:02:48", "text": "here. Um, so first off, um, it fixed a"}, {"end": "00:02:55", "start": "00:02:51", "text": "bug where hardware wallets weren't"}, {"end": "00:02:56", "start": "00:02:52", "text": "authenticating. So, if you um you you"}, {"end": "00:02:57", "start": "00:02:55", "text": "know, like you were really worried about"}, {"end": "00:02:59", "start": "00:02:56", "text": "your assets and so you're using your"}, {"end": "00:03:01", "start": "00:02:57", "text": "Ledger wallet um to hold all your assets"}, {"end": "00:03:03", "start": "00:02:59", "text": "in or being very not worried but very"}, {"end": "00:03:05", "start": "00:03:01", "text": "smart about your assets um now um you"}, {"end": "00:03:07", "start": "00:03:03", "text": "can actually um start utilizing that"}, {"end": "00:03:08", "start": "00:03:05", "text": "your you know your wallet um your Ledger"}, {"end": "00:03:12", "start": "00:03:07", "text": "wallet or whatever hardware wallet"}, {"end": "00:03:13", "start": "00:03:08", "text": "you're using um and play U5. So, if you"}, {"end": "00:03:14", "start": "00:03:12", "text": "have a bunch of the crew members and"}, {"end": "00:03:15", "start": "00:03:13", "text": "stuff like that um that you haven't been"}, {"end": "00:03:18", "start": "00:03:14", "text": "able to level up, you can do it right"}, {"end": "00:03:21", "start": "00:03:15", "text": "now. All right. Progression fixed a bug"}, {"end": "00:03:23", "start": "00:03:18", "text": "where XP ticking sounds would stop"}, {"end": "00:03:25", "start": "00:03:21", "text": "properly. Wouldn't stop properly, I'm"}, {"end": "00:03:28", "start": "00:03:23", "text": "sorry. Um adding new leaderboard for"}, {"end": "00:03:30", "start": "00:03:25", "text": "racing arena and weapons. Um and"}, {"end": "00:03:31", "start": "00:03:28", "text": "increased racing XP. So, that's pretty"}, {"end": "00:03:32", "start": "00:03:30", "text": "cool. So, if you're into racing, you're"}, {"end": "00:03:34", "start": "00:03:31", "text": "going to get a little bit more XP than"}, {"end": "00:03:37", "start": "00:03:32", "text": "you were before, right? Um balances"}, {"end": "00:03:39", "start": "00:03:34", "text": "buff. So, increased the shotgun damage"}, {"end": "00:03:42", "start": "00:03:37", "text": "and projectile size and reduced the"}, {"end": "00:03:44", "start": "00:03:39", "text": "range. um buff slashupdate to the"}, {"end": "00:03:46", "start": "00:03:42", "text": "gatling gun. I'm really excited about"}, {"end": "00:03:48", "start": "00:03:44", "text": "this one. Um so to um so the gatling gun"}, {"end": "00:03:50", "start": "00:03:46", "text": "will shoot while it's spinning up um and"}, {"end": "00:03:51", "start": "00:03:48", "text": "increased damage and increased"}, {"end": "00:03:53", "start": "00:03:50", "text": "projectile size. I just talked about"}, {"end": "00:03:56", "start": "00:03:51", "text": "that in my very last video on my up uh"}, {"end": "00:03:58", "start": "00:03:53", "text": "Star Atlas update. Um I showed um Gipto"}, {"end": "00:04:01", "start": "00:03:56", "text": "um the head dev um for U5 working on"}, {"end": "00:04:04", "start": "00:03:58", "text": "that. Um a nerf. So there is a technical"}, {"end": "00:04:05", "start": "00:04:01", "text": "uh technically a bug fix, but heavy"}, {"end": "00:04:06", "start": "00:04:04", "text": "weapons no longer start with ammo. So I"}, {"end": "00:04:08", "start": "00:04:05", "text": "guess they weren't supposed to start"}, {"end": "00:04:10", "start": "00:04:06", "text": "with ammo since day one. Um so that got"}, {"end": "00:04:11", "start": "00:04:08", "text": "nerfed. um in the town hall they"}, {"end": "00:04:13", "start": "00:04:10", "text": "mentioned like people like just jumping"}, {"end": "00:04:14", "start": "00:04:11", "text": "into the lobby right away just sniping"}, {"end": "00:04:16", "start": "00:04:13", "text": "people like crazy with their sniper um"}, {"end": "00:04:17", "start": "00:04:14", "text": "if they've leveled up enough to get a"}, {"end": "00:04:19", "start": "00:04:16", "text": "sniper and just taking everyone out. And"}, {"end": "00:04:21", "start": "00:04:17", "text": "so now they actually have to fly over"}, {"end": "00:04:23", "start": "00:04:19", "text": "and try to uh get themselves some ammo"}, {"end": "00:04:24", "start": "00:04:21", "text": "um that special purple ammo in you know"}, {"end": "00:04:26", "start": "00:04:23", "text": "the gun game and if it's not there going"}, {"end": "00:04:27", "start": "00:04:24", "text": "to have to wait and just play with"}, {"end": "00:04:29", "start": "00:04:26", "text": "whatever gun they have other than the"}, {"end": "00:04:31", "start": "00:04:27", "text": "sniper sniper or heavy uh you know heavy"}, {"end": "00:04:34", "start": "00:04:29", "text": "machine guns or whatever. Um so no more"}, {"end": "00:04:37", "start": "00:04:31", "text": "getting terrorized by snipers off spawn."}, {"end": "00:04:38", "start": "00:04:34", "text": "Um, adjusted the spawn default loadout,"}, {"end": "00:04:40", "start": "00:04:37", "text": "including jetties and bubbles in the"}, {"end": "00:04:43", "start": "00:04:38", "text": "legacy gunplay mode. Uh, that's pretty"}, {"end": "00:04:45", "start": "00:04:40", "text": "cool. Uh, adjusted team-based match to"}, {"end": "00:04:47", "start": "00:04:43", "text": "place players in teams automatically"}, {"end": "00:04:48", "start": "00:04:45", "text": "instead of choosing your team. Um, so I"}, {"end": "00:04:50", "start": "00:04:47", "text": "guess this was to balance the fact that"}, {"end": "00:04:52", "start": "00:04:48", "text": "like, you know, there might be like six"}, {"end": "00:04:54", "start": "00:04:50", "text": "people playing on and only one person"}, {"end": "00:04:55", "start": "00:04:52", "text": "playing mud and then the only people are"}, {"end": "00:04:57", "start": "00:04:54", "text": "get just get, you know, obviously just"}, {"end": "00:04:58", "start": "00:04:55", "text": "just slaughtering the poor one guy in"}, {"end": "00:05:00", "start": "00:04:57", "text": "the mud and then they're getting all the"}, {"end": "00:05:02", "start": "00:04:58", "text": "XP, yada yada yada. Um, they adjusted"}, {"end": "00:05:05", "start": "00:05:00", "text": "team select to happen between matches."}, {"end": "00:05:08", "start": "00:05:02", "text": "color or full team teams can't be"}, {"end": "00:05:09", "start": "00:05:05", "text": "selected. Um so again once once you get"}, {"end": "00:05:10", "start": "00:05:08", "text": "into the game and start playing you can"}, {"end": "00:05:13", "start": "00:05:09", "text": "do you know pick whatever team you want"}, {"end": "00:05:15", "start": "00:05:10", "text": "to be on. Um adjusted gun game weapon"}, {"end": "00:05:17", "start": "00:05:13", "text": "cycle. So sniper is now the first and"}, {"end": "00:05:19", "start": "00:05:15", "text": "gatling gun is now the second. So they"}, {"end": "00:05:21", "start": "00:05:17", "text": "they realized that sniper is like super"}, {"end": "00:05:22", "start": "00:05:19", "text": "super OP. Um so they switch the guns cuz"}, {"end": "00:05:24", "start": "00:05:21", "text": "gun game you're always supposed to start"}, {"end": "00:05:26", "start": "00:05:22", "text": "um out with the most uh overpowered"}, {"end": "00:05:27", "start": "00:05:24", "text": "weapon and then you work your way all"}, {"end": "00:05:28", "start": "00:05:26", "text": "the way down to just you have to punch"}, {"end": "00:05:30", "start": "00:05:27", "text": "you have to melee someone to death. Um"}, {"end": "00:05:31", "start": "00:05:28", "text": "so it's like the pistol and then then"}, {"end": "00:05:34", "start": "00:05:30", "text": "the punch are the last two for instance."}, {"end": "00:05:35", "start": "00:05:31", "text": "Um, fix some issues causing jittery"}, {"end": "00:05:37", "start": "00:05:34", "text": "character movement. We're in gunplay"}, {"end": "00:05:39", "start": "00:05:35", "text": "now. So, fix some mystery um issues for"}, {"end": "00:05:41", "start": "00:05:37", "text": "jittery um character movement. Removed"}, {"end": "00:05:43", "start": "00:05:39", "text": "white screen flash effects for um on"}, {"end": "00:05:44", "start": "00:05:41", "text": "respawn. Um that's good for all those"}, {"end": "00:05:47", "start": "00:05:43", "text": "people that have seizures, right?"}, {"end": "00:05:50", "start": "00:05:44", "text": "Adjusted jetty hover to now have the"}, {"end": "00:05:52", "start": "00:05:47", "text": "ability to descend by p um by pressing"}, {"end": "00:05:53", "start": "00:05:50", "text": "the crouch input. So, this is another"}, {"end": "00:05:54", "start": "00:05:52", "text": "one that Chipto, make sure you guys are"}, {"end": "00:05:56", "start": "00:05:53", "text": "following Chipoto on Twitter because"}, {"end": "00:05:58", "start": "00:05:54", "text": "he's doing all those devlogs. Um, so"}, {"end": "00:06:00", "start": "00:05:56", "text": "now, um, usually when you do like the"}, {"end": "00:06:02", "start": "00:05:58", "text": "boost or the Superman fly, you know, you"}, {"end": "00:06:04", "start": "00:06:00", "text": "you like slowly go up in an incline and"}, {"end": "00:06:06", "start": "00:06:02", "text": "now you can hold down crouch and you can"}, {"end": "00:06:07", "start": "00:06:04", "text": "go down through things, which is pretty"}, {"end": "00:06:09", "start": "00:06:06", "text": "neat. I love that. I'm going to I can't"}, {"end": "00:06:12", "start": "00:06:07", "text": "wait to try that one. Um, fix an issue"}, {"end": "00:06:14", "start": "00:06:09", "text": "where emotes would endlessly loop. Um,"}, {"end": "00:06:17", "start": "00:06:12", "text": "ADS and and uh, firing now cancel"}, {"end": "00:06:19", "start": "00:06:14", "text": "ongoing emote. Um, adjust shield and"}, {"end": "00:06:22", "start": "00:06:17", "text": "health bar to show partial bar fill for"}, {"end": "00:06:25", "start": "00:06:19", "text": "better fidelity. um fix an issue where"}, {"end": "00:06:28", "start": "00:06:22", "text": "characters uh load can um update while"}, {"end": "00:06:30", "start": "00:06:25", "text": "viewing the the postmatch sequence. Um L"}, {"end": "00:06:31", "start": "00:06:28", "text": "maybe not load but LOD. What's that load"}, {"end": "00:06:32", "start": "00:06:30", "text": "on demand? I don't even know what that"}, {"end": "00:06:33", "start": "00:06:31", "text": "is. So if you guys know what that is,"}, {"end": "00:06:36", "start": "00:06:32", "text": "let me know in the comments below. Um"}, {"end": "00:06:39", "start": "00:06:33", "text": "improved visibility when inside a surge"}, {"end": "00:06:41", "start": "00:06:36", "text": "zone surge/zones point zone. Um updated"}, {"end": "00:06:43", "start": "00:06:39", "text": "weapon wheel to show correct weapon"}, {"end": "00:06:46", "start": "00:06:41", "text": "sizes in your loadout. Updated weapon"}, {"end": "00:06:49", "start": "00:06:43", "text": "swap numerical keybinds to not skip"}, {"end": "00:06:50", "start": "00:06:46", "text": "numbers due to a weapon size. I think"}, {"end": "00:06:52", "start": "00:06:49", "text": "that that has something to do with um"}, {"end": "00:06:53", "start": "00:06:50", "text": "you know the like some of the weapons"}, {"end": "00:06:55", "start": "00:06:52", "text": "take up more than one slot. So like if"}, {"end": "00:06:57", "start": "00:06:53", "text": "you do like you know you have like four"}, {"end": "00:06:59", "start": "00:06:55", "text": "weapons in there but uh one of them is"}, {"end": "00:07:00", "start": "00:06:57", "text": "like technically taking up four and five"}, {"end": "00:07:01", "start": "00:06:59", "text": "and you're trying to hit four four and"}, {"end": "00:07:03", "start": "00:07:00", "text": "nothing happens. I'm guessing that"}, {"end": "00:07:05", "start": "00:07:01", "text": "that's that you know maybe that's what"}, {"end": "00:07:08", "start": "00:07:03", "text": "it's talking about right there. Um added"}, {"end": "00:07:10", "start": "00:07:05", "text": "um new icons for backstab and jetty"}, {"end": "00:07:11", "start": "00:07:08", "text": "boost ramming kills. Oh man, I get"}, {"end": "00:07:14", "start": "00:07:10", "text": "backstabbed all the time when I'm"}, {"end": "00:07:16", "start": "00:07:11", "text": "playing uh like uh you know I won't say"}, {"end": "00:07:18", "start": "00:07:14", "text": "their names, but there's like uh one of"}, {"end": "00:07:20", "start": "00:07:16", "text": "the certain guilds like the like their"}, {"end": "00:07:22", "start": "00:07:18", "text": "MMO is to like run behind and just kill"}, {"end": "00:07:23", "start": "00:07:20", "text": "everybody from behind and and it happens"}, {"end": "00:07:24", "start": "00:07:22", "text": "over and over and over again. And uh so"}, {"end": "00:07:27", "start": "00:07:23", "text": "now they're going to be called the"}, {"end": "00:07:29", "start": "00:07:24", "text": "backstabbers. Um improve the styling of"}, {"end": "00:07:30", "start": "00:07:27", "text": "the respawn countdown and killed killed"}, {"end": "00:07:32", "start": "00:07:29", "text": "by indicator. So that sounds like a"}, {"end": "00:07:34", "start": "00:07:30", "text": "little bit of a UI uh you know a little"}, {"end": "00:07:37", "start": "00:07:32", "text": "UI um prettying you know pretty up the"}, {"end": "00:07:40", "start": "00:07:34", "text": "UI system. Adjust game uh mode hub to be"}, {"end": "00:07:41", "start": "00:07:37", "text": "visible during a death sequence. Fixed"}, {"end": "00:07:44", "start": "00:07:40", "text": "an issue where loadout information and"}, {"end": "00:07:46", "start": "00:07:41", "text": "pause menu not showing correct data. Uh"}, {"end": "00:07:47", "start": "00:07:44", "text": "all good stuff right there. All right."}, {"end": "00:07:50", "start": "00:07:46", "text": "And then now for you racing boys out"}, {"end": "00:07:51", "start": "00:07:47", "text": "there. Racing/vehicles added racing"}, {"end": "00:07:53", "start": "00:07:50", "text": "spectator mode. I still don't know how"}, {"end": "00:07:54", "start": "00:07:51", "text": "to do spectating. I wanted to do a"}, {"end": "00:07:56", "start": "00:07:53", "text": "couple videos where I was spectating and"}, {"end": "00:07:57", "start": "00:07:54", "text": "I tried to like hide during a match. I"}, {"end": "00:07:59", "start": "00:07:56", "text": "got to figure that out. And uh yeah."}, {"end": "00:08:00", "start": "00:07:57", "text": "Anyway, I got like I tried to hide and"}, {"end": "00:08:02", "start": "00:07:59", "text": "people found me and killed me and I was"}, {"end": "00:08:04", "start": "00:08:00", "text": "trying to record a you know like using"}, {"end": "00:08:06", "start": "00:08:02", "text": "photo mode. Didn't work out very good. I"}, {"end": "00:08:08", "start": "00:08:04", "text": "have to figure out how uh how Neil"}, {"end": "00:08:10", "start": "00:08:06", "text": "Armstrong does spectating mode. Um fix"}, {"end": "00:08:13", "start": "00:08:08", "text": "an issue where incorrect standing are"}, {"end": "00:08:16", "start": "00:08:10", "text": "shown in the postra sequence. Fixed an"}, {"end": "00:08:18", "start": "00:08:13", "text": "issue where players can start race um"}, {"end": "00:08:20", "start": "00:08:16", "text": "start a race stuck in flight mode. Fix"}, {"end": "00:08:22", "start": "00:08:18", "text": "an issue where players would crash into"}, {"end": "00:08:24", "start": "00:08:20", "text": "piloting the Floyd liner. I guess that's"}, {"end": "00:08:26", "start": "00:08:22", "text": "saying they would crash while they were"}, {"end": "00:08:27", "start": "00:08:24", "text": "um flying the Floyd liner. I'm not sure"}, {"end": "00:08:29", "start": "00:08:26", "text": "if I said that right the first time. Um"}, {"end": "00:08:31", "start": "00:08:27", "text": "fixed gravity issues around some ships"}, {"end": "00:08:33", "start": "00:08:29", "text": "with interiors. I also saw Chipto"}, {"end": "00:08:34", "start": "00:08:31", "text": "working on that in the devlogs, too. So,"}, {"end": "00:08:36", "start": "00:08:33", "text": "it's really neat. I love those dev logs"}, {"end": "00:08:38", "start": "00:08:34", "text": "cuz now, you know, like I I I get what"}, {"end": "00:08:40", "start": "00:08:36", "text": "he's talking about in these patch notes."}, {"end": "00:08:41", "start": "00:08:38", "text": "Um because he kind of showed us what he"}, {"end": "00:08:43", "start": "00:08:40", "text": "was working on. So like the interior is"}, {"end": "00:08:45", "start": "00:08:41", "text": "like um you know, if a ship's upside"}, {"end": "00:08:46", "start": "00:08:43", "text": "down or whatever and you fly into the"}, {"end": "00:08:48", "start": "00:08:45", "text": "ship while it's upside down, you just"}, {"end": "00:08:50", "start": "00:08:46", "text": "land upside down. So you like this"}, {"end": "00:08:52", "start": "00:08:48", "text": "basically adds gravity so you like"}, {"end": "00:08:53", "start": "00:08:50", "text": "you're facing the right way up in the"}, {"end": "00:08:54", "start": "00:08:52", "text": "ship. So like when you enter the ship,"}, {"end": "00:08:56", "start": "00:08:53", "text": "like you're basically your boots stick"}, {"end": "00:08:59", "start": "00:08:54", "text": "to the floor, not the ceiling, you know?"}, {"end": "00:09:01", "start": "00:08:56", "text": "Um so uh fixed an issue on the gateway"}, {"end": "00:09:03", "start": "00:08:59", "text": "causing dim light conditions. Oh, I love"}, {"end": "00:09:04", "start": "00:09:01", "text": "that. It was really hard for me to see"}, {"end": "00:09:06", "start": "00:09:03", "text": "sometimes when we were playing Gateway."}, {"end": "00:09:08", "start": "00:09:04", "text": "Um, that's one of the maps by the way."}, {"end": "00:09:09", "start": "00:09:06", "text": "Um, fixed. So, this we're on maps"}, {"end": "00:09:12", "start": "00:09:08", "text": "actually. Um, fixed various collision"}, {"end": "00:09:15", "start": "00:09:09", "text": "issues on uh Pisoul's arena and made"}, {"end": "00:09:18", "start": "00:09:12", "text": "various refinements to Exinod. Sweet"}, {"end": "00:09:20", "start": "00:09:15", "text": "stuff. All right. So, now we're on menu"}, {"end": "00:09:23", "start": "00:09:18", "text": "and user interface. Um, adjusted title,"}, {"end": "00:09:25", "start": "00:09:20", "text": "menu, animation, and user interface."}, {"end": "00:09:28", "start": "00:09:23", "text": "Updated crew level tab to show correct"}, {"end": "00:09:30", "start": "00:09:25", "text": "level prestige and correct level um page"}, {"end": "00:09:32", "start": "00:09:28", "text": "per group track. Updated prestige"}, {"end": "00:09:35", "start": "00:09:30", "text": "banners to properly support higher than"}, {"end": "00:09:38", "start": "00:09:32", "text": "level 10 prestige. Updated title menu"}, {"end": "00:09:39", "start": "00:09:35", "text": "and spectator mode character cycling."}, {"end": "00:09:41", "start": "00:09:38", "text": "Um, keybinds Q& so I have to remember"}, {"end": "00:09:43", "start": "00:09:39", "text": "that once I figure out how to get into"}, {"end": "00:09:45", "start": "00:09:41", "text": "spectator mode. Um, fixed um, inventory"}, {"end": "00:09:47", "start": "00:09:43", "text": "filters. That's cool. Um, fixed an issue"}, {"end": "00:09:50", "start": "00:09:45", "text": "where players would crash when trying to"}, {"end": "00:09:52", "start": "00:09:47", "text": "bind a joystick input. Updated"}, {"end": "00:09:54", "start": "00:09:50", "text": "background scene for all participating"}, {"end": "00:09:57", "start": "00:09:52", "text": "in the lobby when the host switches"}, {"end": "00:09:59", "start": "00:09:54", "text": "between um, arena/racing game modes."}, {"end": "00:10:01", "start": "00:09:57", "text": "added toggle button to hide wallet"}, {"end": "00:10:02", "start": "00:09:59", "text": "public key. Oh, that's pretty cool, too,"}, {"end": "00:10:04", "start": "00:10:01", "text": "right? Some some people really like the"}, {"end": "00:10:06", "start": "00:10:02", "text": "privacy. All right. Optimization."}, {"end": "00:10:09", "start": "00:10:04", "text": "Optimize audio to be more robust and"}, {"end": "00:10:10", "start": "00:10:06", "text": "performant. Oh, I like that. Um imple um"}, {"end": "00:10:12", "start": "00:10:09", "text": "I think actually we saw Chip also"}, {"end": "00:10:13", "start": "00:10:10", "text": "working on that one where he was uh like"}, {"end": "00:10:15", "start": "00:10:12", "text": "everything's more dynamic as you get"}, {"end": "00:10:17", "start": "00:10:13", "text": "closer and farther from things. Um"}, {"end": "00:10:19", "start": "00:10:15", "text": "implemented significant functionality to"}, {"end": "00:10:20", "start": "00:10:17", "text": "various assets to improve CPU"}, {"end": "00:10:23", "start": "00:10:19", "text": "performance. Anything that can help CPU"}, {"end": "00:10:25", "start": "00:10:20", "text": "performance is it's amazing. um my new"}, {"end": "00:10:29", "start": "00:10:23", "text": "rig I have right now I have a 4070 super"}, {"end": "00:10:30", "start": "00:10:25", "text": "um GPU. Um I mean it's not the newest uh"}, {"end": "00:10:32", "start": "00:10:29", "text": "you know GPU, but it's still like I mean"}, {"end": "00:10:34", "start": "00:10:30", "text": "everything's smoking. Everything's super"}, {"end": "00:10:36", "start": "00:10:32", "text": "perfect um with my new rig. Um but my"}, {"end": "00:10:39", "start": "00:10:34", "text": "laptop uh it's a little bit older and"}, {"end": "00:10:41", "start": "00:10:36", "text": "it's in the 30 3060 GPU something like"}, {"end": "00:10:42", "start": "00:10:39", "text": "that. I forget what it exactly is. Um"}, {"end": "00:10:44", "start": "00:10:41", "text": "but that was dragging trying to play the"}, {"end": "00:10:45", "start": "00:10:42", "text": "game. So like anyone anything like this"}, {"end": "00:10:47", "start": "00:10:44", "text": "that can help us cuz it's also also we"}, {"end": "00:10:49", "start": "00:10:45", "text": "have improved character animation CPU"}, {"end": "00:10:51", "start": "00:10:47", "text": "cost. So all that stuff is really good"}, {"end": "00:10:53", "start": "00:10:49", "text": "for um you know players that don't have"}, {"end": "00:10:55", "start": "00:10:51", "text": "really high high performance um gaming"}, {"end": "00:10:56", "start": "00:10:53", "text": "um you know computers. And then we can"}, {"end": "00:10:59", "start": "00:10:55", "text": "see at the bottom a graphic right here"}, {"end": "00:11:01", "start": "00:10:56", "text": "with an extra resource and that is inc."}, {"end": "00:11:02", "start": "00:10:59", "text": "So let's talk about ink finally. Right."}, {"end": "00:11:04", "start": "00:11:01", "text": "So look at this huge announcement right"}, {"end": "00:11:07", "start": "00:11:02", "text": "here by Star Atlas. Ink new exclusive"}, {"end": "00:11:08", "start": "00:11:04", "text": "resource in Star Atlas plus double XP"}, {"end": "00:11:10", "start": "00:11:07", "text": "weekend August. Oh here it is. 29th"}, {"end": "00:11:12", "start": "00:11:08", "text": "through the 31st. I thought it was the"}, {"end": "00:11:14", "start": "00:11:10", "text": "first. Um so I'm glad that we found the"}, {"end": "00:11:16", "start": "00:11:12", "text": "date right there. Every 100 XP equals"}, {"end": "00:11:18", "start": "00:11:14", "text": "one ink. Sweet. So think of that. you're"}, {"end": "00:11:19", "start": "00:11:16", "text": "going to be earning double the XP. So,"}, {"end": "00:11:22", "start": "00:11:18", "text": "like some of you amazing shooters out"}, {"end": "00:11:24", "start": "00:11:19", "text": "there that can get like 850 XP in like"}, {"end": "00:11:28", "start": "00:11:22", "text": "one game play, you'll be uh earning"}, {"end": "00:11:33", "start": "00:11:24", "text": "1,700 XP and you'll have you'll earn 17"}, {"end": "00:11:35", "start": "00:11:28", "text": "ink. Um, so inc gives you a ton of LP"}, {"end": "00:11:36", "start": "00:11:33", "text": "when you bring it into Starbase, and"}, {"end": "00:11:38", "start": "00:11:35", "text": "that's what we're going to talk about."}, {"end": "00:11:40", "start": "00:11:36", "text": "Let's go over to a article that was"}, {"end": "00:11:42", "start": "00:11:38", "text": "written by Funcracker right here. Um,"}, {"end": "00:11:44", "start": "00:11:40", "text": "and it was put out by the API guild and"}, {"end": "00:11:46", "start": "00:11:42", "text": "he put this out like literally hour like"}, {"end": "00:11:47", "start": "00:11:44", "text": "an hour or two after the town hall."}, {"end": "00:11:49", "start": "00:11:46", "text": "We'll have to go through more of what"}, {"end": "00:11:50", "start": "00:11:47", "text": "they talk about in the town hall and um"}, {"end": "00:11:52", "start": "00:11:49", "text": "some more videos that I'll put out in"}, {"end": "00:11:54", "start": "00:11:50", "text": "the future. Um, but let's um let's blast"}, {"end": "00:11:55", "start": "00:11:52", "text": "through this. It's um pretty short so we"}, {"end": "00:11:57", "start": "00:11:54", "text": "can read the whole thing. So Dominic,"}, {"end": "00:11:59", "start": "00:11:55", "text": "the marketing manager, comes to the"}, {"end": "00:12:01", "start": "00:11:57", "text": "stage during the town hall and to talk"}, {"end": "00:12:03", "start": "00:11:59", "text": "about the new UE5 update that is coming"}, {"end": "00:12:04", "start": "00:12:01", "text": "later this week. the patch notes will"}, {"end": "00:12:07", "start": "00:12:03", "text": "and then we already talked about the"}, {"end": "00:12:10", "start": "00:12:04", "text": "patch notes um include all of that and"}, {"end": "00:12:12", "start": "00:12:07", "text": "then it talks we talk about INC um and"}, {"end": "00:12:14", "start": "00:12:10", "text": "INC stands for um and this is the only"}, {"end": "00:12:16", "start": "00:12:12", "text": "reason why I'm not going to give our CEO"}, {"end": "00:12:19", "start": "00:12:14", "text": "Michael Wagner a hard time for changing"}, {"end": "00:12:21", "start": "00:12:16", "text": "the really cool and fun to say name"}, {"end": "00:12:23", "start": "00:12:19", "text": "black goo and turning it into because"}, {"end": "00:12:26", "start": "00:12:21", "text": "ink stands for this which is kind of fun"}, {"end": "00:12:28", "start": "00:12:23", "text": "to say too inter nanite kinematics"}, {"end": "00:12:31", "start": "00:12:26", "text": "kinematics inter nanite kinematic"}, {"end": "00:12:34", "start": "00:12:28", "text": "kynatics how can man screw this man"}, {"end": "00:12:36", "start": "00:12:31", "text": "Black goo it is, man. So anyway, ink"}, {"end": "00:12:39", "start": "00:12:34", "text": "stands for black goo. You get one ink"}, {"end": "00:12:41", "start": "00:12:36", "text": "for every 100 XP earned during a match"}, {"end": "00:12:44", "start": "00:12:39", "text": "and you can track the ink you have"}, {"end": "00:12:46", "start": "00:12:41", "text": "accumulated on your rewards page."}, {"end": "00:12:48", "start": "00:12:44", "text": "However, ink will be air dropped"}, {"end": "00:12:50", "start": "00:12:46", "text": "periodically. It will not be distributed"}, {"end": "00:12:51", "start": "00:12:48", "text": "in real time. So again, we don't know if"}, {"end": "00:12:53", "start": "00:12:50", "text": "it's going to be a week, a month, a day,"}, {"end": "00:12:54", "start": "00:12:51", "text": "whatever. Um you're going to get get"}, {"end": "00:12:56", "start": "00:12:53", "text": "that ink in your wallet eventually. So,"}, {"end": "00:12:57", "start": "00:12:54", "text": "as long as you are playing for your XP"}, {"end": "00:12:59", "start": "00:12:56", "text": "and you have your wallet hooked up and"}, {"end": "00:13:00", "start": "00:12:57", "text": "you have your real crew member that you"}, {"end": "00:13:02", "start": "00:12:59", "text": "bought yourself and you're upgrading"}, {"end": "00:13:03", "start": "00:13:00", "text": "your crew member, your that same wallet"}, {"end": "00:13:04", "start": "00:13:02", "text": "that you're playing with your crew"}, {"end": "00:13:06", "start": "00:13:03", "text": "member is going to get air dropped this"}, {"end": "00:13:09", "start": "00:13:04", "text": "ink periodically. Um, ink will be usable"}, {"end": "00:13:11", "start": "00:13:06", "text": "in Sage Labs. You can import ink which"}, {"end": "00:13:12", "start": "00:13:09", "text": "is a weight of one, so it weighs"}, {"end": "00:13:14", "start": "00:13:11", "text": "absolutely nothing. You can stick one in"}, {"end": "00:13:16", "start": "00:13:12", "text": "like an airbike, right? Um, you can"}, {"end": "00:13:19", "start": "00:13:14", "text": "bring it into the game and bring it to"}, {"end": "00:13:22", "start": "00:13:16", "text": "your new factions phantom star base and"}, {"end": "00:13:24", "start": "00:13:19", "text": "deposit it there for 100,000 LP per"}, {"end": "00:13:26", "start": "00:13:22", "text": "unit, which is a lot of LP, I believe."}, {"end": "00:13:28", "start": "00:13:24", "text": "Um, to celebrate the arrival of ink this"}, {"end": "00:13:31", "start": "00:13:26", "text": "weekend, we will have double the XP um,"}, {"end": "00:13:34", "start": "00:13:28", "text": "in UE5. This, of course, means double"}, {"end": "00:13:36", "start": "00:13:31", "text": "the ink as well. Michael is an enthus"}, {"end": "00:13:39", "start": "00:13:34", "text": "enthusiastic about the crosspollination"}, {"end": "00:13:43", "start": "00:13:36", "text": "between UE5 and the economy. Meaning um"}, {"end": "00:13:44", "start": "00:13:39", "text": "UE5 is now um you know like you know UE5"}, {"end": "00:13:46", "start": "00:13:43", "text": "is scratching the back of the Starbase"}, {"end": "00:13:48", "start": "00:13:44", "text": "people. Pretty cool. And people and a"}, {"end": "00:13:50", "start": "00:13:46", "text": "lot of people in Starbase don't play uh"}, {"end": "00:13:52", "start": "00:13:48", "text": "UE5. They just it's just not their"}, {"end": "00:13:53", "start": "00:13:50", "text": "thing. Or maybe they only have a laptop"}, {"end": "00:13:55", "start": "00:13:52", "text": "and the laptop can run you know Starbase"}, {"end": "00:13:56", "start": "00:13:53", "text": "no problem but they don't have like a"}, {"end": "00:13:58", "start": "00:13:55", "text": "gaming rig like I was just talking about"}, {"end": "00:13:59", "start": "00:13:56", "text": "and they can't play the UI5 game. And"}, {"end": "00:14:00", "start": "00:13:58", "text": "some people, you know, they're into"}, {"end": "00:14:02", "start": "00:13:59", "text": "they're just really into strategic games"}, {"end": "00:14:03", "start": "00:14:00", "text": "and they're not into like, you know, uh,"}, {"end": "00:14:05", "start": "00:14:02", "text": "first person or third person shooters"}, {"end": "00:14:08", "start": "00:14:03", "text": "and stuff like that. So, um, if you earn"}, {"end": "00:14:10", "start": "00:14:05", "text": "this UE5, you will, uh, need, um, some"}, {"end": "00:14:12", "start": "00:14:08", "text": "ships and crew to be able to redeem it."}, {"end": "00:14:13", "start": "00:14:10", "text": "So, again, some of the people that have"}, {"end": "00:14:15", "start": "00:14:12", "text": "only been playing UEI5, maybe they just"}, {"end": "00:14:16", "start": "00:14:13", "text": "got introduced to Star Atlas just"}, {"end": "00:14:18", "start": "00:14:15", "text": "recently with all the cool gun gun game"}, {"end": "00:14:19", "start": "00:14:16", "text": "stuff, might be like, \"Wait, I can"}, {"end": "00:14:22", "start": "00:14:18", "text": "actually earn real life money by playing"}, {"end": "00:14:24", "start": "00:14:19", "text": "Starbase, like real money.\" Like, I just"}, {"end": "00:14:26", "start": "00:14:22", "text": "like I play Starbase, I mean U5 all the"}, {"end": "00:14:28", "start": "00:14:24", "text": "time. I I have like 500 ink. All I have"}, {"end": "00:14:29", "start": "00:14:26", "text": "to do is buy, you know, a couple like"}, {"end": "00:14:30", "start": "00:14:28", "text": "airbikes, load this ink into it and"}, {"end": "00:14:32", "start": "00:14:29", "text": "bring it to this f this, you know,"}, {"end": "00:14:34", "start": "00:14:30", "text": "certain Starbase, deposit it, and then,"}, {"end": "00:14:35", "start": "00:14:32", "text": "you know what, they might get hooked"}, {"end": "00:14:37", "start": "00:14:34", "text": "into Starbase. Like, maybe I might buy"}, {"end": "00:14:38", "start": "00:14:35", "text": "some more ships, maybe I might, you"}, {"end": "00:14:40", "start": "00:14:37", "text": "know, buy this, maybe we might buy that,"}, {"end": "00:14:42", "start": "00:14:38", "text": "maybe some claim stakes to play C4, yada"}, {"end": "00:14:44", "start": "00:14:40", "text": "yada yada yada yada. So, cool stuff,"}, {"end": "00:14:46", "start": "00:14:42", "text": "man. Michael chimes in to say that the"}, {"end": "00:14:48", "start": "00:14:44", "text": "blockchain has the potential to be the"}, {"end": "00:14:51", "start": "00:14:46", "text": "substrate of the metaverse. There is an"}, {"end": "00:14:53", "start": "00:14:48", "text": "opportunity for DAPs to have a physical"}, {"end": "00:14:56", "start": "00:14:51", "text": "representation in Star Atlas. in lore."}, {"end": "00:14:58", "start": "00:14:53", "text": "The uh the star atlas is the blockchain"}, {"end": "00:14:59", "start": "00:14:56", "text": "in the game. Okay. All right, guys. So,"}, {"end": "00:15:01", "start": "00:14:58", "text": "I just want to show you guys the new"}, {"end": "00:15:04", "start": "00:14:59", "text": "phantom sectors or the new phantom bases"}, {"end": "00:15:08", "start": "00:15:01", "text": "that we have. Um so, this is the one"}, {"end": "00:15:10", "start": "00:15:04", "text": "28-21. Over here in Oni, we have"}, {"end": "00:15:14", "start": "00:15:08", "text": "negative 28-21."}, {"end": "00:15:16", "start": "00:15:10", "text": "And over here in mud is 0ative -4. And"}, {"end": "00:15:19", "start": "00:15:14", "text": "what these bases are, if you um missed"}, {"end": "00:15:22", "start": "00:15:16", "text": "the town hall, is they are bases that"}, {"end": "00:15:26", "start": "00:15:19", "text": "will be forever tier one. And you can um"}, {"end": "00:15:28", "start": "00:15:22", "text": "you could add as much as you want of any"}, {"end": "00:15:31", "start": "00:15:26", "text": "of these um upgradable um components"}, {"end": "00:15:33", "start": "00:15:28", "text": "into this base. Um so the reason is that"}, {"end": "00:15:34", "start": "00:15:31", "text": "a lot of the bases are going to be"}, {"end": "00:15:36", "start": "00:15:33", "text": "already filled up to tier five and"}, {"end": "00:15:38", "start": "00:15:34", "text": "there's not going to be a lot of ways to"}, {"end": "00:15:39", "start": "00:15:36", "text": "make a um LP once that happens. And so"}, {"end": "00:15:42", "start": "00:15:38", "text": "they said that they wanted the game to"}, {"end": "00:15:43", "start": "00:15:39", "text": "continuously be um fun for the people"}, {"end": "00:15:45", "start": "00:15:42", "text": "that are grinding for LP. And so this is"}, {"end": "00:15:47", "start": "00:15:43", "text": "a way that they can you know supplement"}, {"end": "00:15:49", "start": "00:15:45", "text": "the you know the fact that um the bases"}, {"end": "00:15:50", "start": "00:15:47", "text": "are kind of all being upgraded as far as"}, {"end": "00:15:51", "start": "00:15:49", "text": "they possibly can. But if you look at"}, {"end": "00:15:54", "start": "00:15:50", "text": "the very bottom right here, you can see"}, {"end": "00:15:56", "start": "00:15:51", "text": "that you can deposit ink. So the ink"}, {"end": "00:15:58", "start": "00:15:54", "text": "that you are going to be earning um in"}, {"end": "00:16:01", "start": "00:15:56", "text": "UE5 will be deposited right here. Every"}, {"end": "00:16:03", "start": "00:15:58", "text": "single ink is worth a 100,000 LP. So you"}, {"end": "00:16:06", "start": "00:16:01", "text": "can actually crank out a whole bunch of"}, {"end": "00:16:09", "start": "00:16:03", "text": "LP. Um that you then turn this LP in for"}, {"end": "00:16:10", "start": "00:16:06", "text": "Atlas. And uh and then you can sell"}, {"end": "00:16:12", "start": "00:16:09", "text": "Atlas if you want to sell it or you can"}, {"end": "00:16:13", "start": "00:16:10", "text": "hold on to it until the price is a"}, {"end": "00:16:15", "start": "00:16:12", "text": "little higher up or you can sell it"}, {"end": "00:16:17", "start": "00:16:13", "text": "right away for USDC or Salana or"}, {"end": "00:16:19", "start": "00:16:15", "text": "whatever you want. So, just by playing a"}, {"end": "00:16:22", "start": "00:16:17", "text": "video game, you can earn real life"}, {"end": "00:16:24", "start": "00:16:19", "text": "money. Um, and all you really need, this"}, {"end": "00:16:27", "start": "00:16:22", "text": "is what's crazy, all you really need is"}, {"end": "00:16:28", "start": "00:16:24", "text": "like a $3 crew card in Unreal Engine 5"}, {"end": "00:16:30", "start": "00:16:27", "text": "because if you don't want to play"}, {"end": "00:16:32", "start": "00:16:28", "text": "Starbase, I believe you could sell it"}, {"end": "00:16:34", "start": "00:16:30", "text": "right at the marketplace. So, let's"}, {"end": "00:16:36", "start": "00:16:32", "text": "check this out. All right, man. I found"}, {"end": "00:16:38", "start": "00:16:34", "text": "Ink on under resources in the"}, {"end": "00:16:40", "start": "00:16:36", "text": "marketplace. It is right here. Um, when"}, {"end": "00:16:41", "start": "00:16:38", "text": "I clicked on it though, for whatever"}, {"end": "00:16:42", "start": "00:16:40", "text": "reason, it just is not loading. At least"}, {"end": "00:16:44", "start": "00:16:41", "text": "on my computer, it's not loading. So, I"}, {"end": "00:16:46", "start": "00:16:42", "text": "can't see um if there's any buy or sell"}, {"end": "00:16:48", "start": "00:16:44", "text": "orders for it at the moment how much"}, {"end": "00:16:49", "start": "00:16:46", "text": "it's actually going for, but I'll be"}, {"end": "00:16:50", "start": "00:16:48", "text": "excited to see in the future. I do"}, {"end": "00:16:52", "start": "00:16:49", "text": "believe you'll be able to sell it here"}, {"end": "00:16:54", "start": "00:16:50", "text": "in the marketplace. They said that um"}, {"end": "00:16:55", "start": "00:16:52", "text": "well, I can't remember. One of the devs"}, {"end": "00:16:56", "start": "00:16:54", "text": "said that you could actually, you know,"}, {"end": "00:16:58", "start": "00:16:55", "text": "there was no reason that you wouldn't be"}, {"end": "00:17:00", "start": "00:16:56", "text": "able to sell it on the marketplace. Um"}, {"end": "00:17:01", "start": "00:16:58", "text": "but yeah, wicked cool. So, maybe maybe"}, {"end": "00:17:03", "start": "00:17:00", "text": "you're playing Starbase and just want to"}, {"end": "00:17:05", "start": "00:17:01", "text": "buy it from someone from Unreal Engine 5"}, {"end": "00:17:06", "start": "00:17:03", "text": "and you think you can make uh a decent"}, {"end": "00:17:08", "start": "00:17:05", "text": "amount of money bringing it in and"}, {"end": "00:17:10", "start": "00:17:06", "text": "getting that LP. So, keep your eyes out,"}, {"end": "00:17:12", "start": "00:17:08", "text": "see how much you can get it for. Um, and"}, {"end": "00:17:14", "start": "00:17:10", "text": "so without further ado, let's jump into"}, {"end": "00:17:15", "start": "00:17:12", "text": "the uh one of I don't know if I'll play"}, {"end": "00:17:17", "start": "00:17:14", "text": "racing or gun game. Let's jump into"}, {"end": "00:17:19", "start": "00:17:15", "text": "Unreal Engine 5 and earn ourselves a"}, {"end": "00:17:20", "start": "00:17:17", "text": "little uh little ink and then I'll end"}, {"end": "00:17:22", "start": "00:17:19", "text": "the video right there. All right, I'm"}, {"end": "00:17:23", "start": "00:17:20", "text": "about to join this death match in North"}, {"end": "00:17:26", "start": "00:17:22", "text": "America. I'm going to get my butt kicked"}, {"end": "00:17:28", "start": "00:17:23", "text": "cuz I've been uh up since 5:00 a.m. It"}, {"end": "00:17:30", "start": "00:17:26", "text": "is 9:00."}, {"end": "00:17:32", "start": "00:17:28", "text": "I'm really tired and uh I just want to"}, {"end": "00:17:33", "start": "00:17:30", "text": "earn some ink. So, I'm going to get my"}, {"end": "00:17:35", "start": "00:17:32", "text": "butt kicked, but I'm going to try to get"}, {"end": "00:17:36", "start": "00:17:33", "text": "100 XP and see what I can do. And then I"}, {"end": "00:17:38", "start": "00:17:35", "text": "think I might play a little racing and"}, {"end": "00:17:39", "start": "00:17:36", "text": "try to get a little more XP. So, let's"}, {"end": "00:17:41", "start": "00:17:38", "text": "go."}, {"end": "00:17:44", "start": "00:17:39", "text": "Oh man, all the killers are in this"}, {"end": "00:17:46", "start": "00:17:41", "text": "lobby right here. I am not going to do"}, {"end": "00:17:51", "start": "00:17:44", "text": "good. I'll get lucky if I get one kill,"}, {"end": "00:17:51", "start": "00:17:46", "text": "but we'll see what we can do."}, {"end": "00:18:08", "start": "00:18:05", "text": "Heat"}, {"end": "00:18:32", "start": "00:18:30", "text": "up"}, {"end": "00:18:44", "start": "00:18:40", "text": "So guys, man, after a bunch of matches"}, {"end": "00:18:45", "start": "00:18:42", "text": "in gun game where I got totally"}, {"end": "00:18:48", "start": "00:18:44", "text": "demolished because there were so many"}, {"end": "00:18:50", "start": "00:18:45", "text": "great players, um I was able to get"}, {"end": "00:18:51", "start": "00:18:48", "text": "myself some ink. I also played racing"}, {"end": "00:18:53", "start": "00:18:50", "text": "mode a couple times, too. That actually"}, {"end": "00:18:54", "start": "00:18:51", "text": "helped out um quite a bit. Um so anyway,"}, {"end": "00:18:56", "start": "00:18:53", "text": "man, I'm going to play a whole bunch"}, {"end": "00:18:57", "start": "00:18:54", "text": "this weekend. So I want to know if you"}, {"end": "00:18:59", "start": "00:18:56", "text": "guys are playing, too. Make sure you're"}, {"end": "00:19:00", "start": "00:18:57", "text": "subscribed. to help me out and hit that"}, {"end": "00:19:01", "start": "00:18:59", "text": "like button down below. It only takes a"}, {"end": "00:19:04", "start": "00:19:00", "text": "second. Just give it a little bit of a"}, {"end": "00:19:05", "start": "00:19:01", "text": "tap, man. And I appreciate you guys all."}, {"end": "00:19:07", "start": "00:19:04", "text": "I'm probably going to make another video"}, {"end": "00:19:09", "start": "00:19:05", "text": "this weekend, so look out for it. And"}, {"end": "00:19:12", "start": "00:19:07", "text": "I'll talk to you guys soon. Later."}, {"end": "00:19:12", "start": "00:19:09", "text": "[Music]"}]

[{"end": "00:00:03", "start": "00:00:00", "text": "Yo, what's up captains and cadets? Hey"}, {"end": "00:00:06", "start": "00:00:02", "text": "man, it's recap time. We are going to"}, {"end": "00:00:08", "start": "00:00:03", "text": "talk all about the news of Starless and"}, {"end": "00:00:10", "start": "00:00:06", "text": "what has been going on in the community."}, {"end": "00:00:12", "start": "00:00:08", "text": "It's been a bit since I did a deep dive"}, {"end": "00:00:14", "start": "00:00:10", "text": "and you know, not only the news, but"}, {"end": "00:00:16", "start": "00:00:12", "text": "also community stuff. So, it's going to"}, {"end": "00:00:18", "start": "00:00:14", "text": "be really cool to actually fill you guys"}, {"end": "00:00:20", "start": "00:00:16", "text": "in on stuff that, you know, I've been"}, {"end": "00:00:24", "start": "00:00:18", "text": "itching to talk about. So, let's do it."}, {"end": "00:00:24", "start": "00:00:20", "text": "Let's jump on in. Let's go. Wow."}, {"end": "00:00:32", "start": "00:00:25", "text": "[Music]"}, {"end": "00:00:41", "start": "00:00:36", "text": "Yo, what's up muds onies and oosters?"}, {"end": "00:00:43", "start": "00:00:39", "text": "Welcome. And anyone that is new to Star"}, {"end": "00:00:46", "start": "00:00:41", "text": "Atlas, hey man, welcome to my channel."}, {"end": "00:00:47", "start": "00:00:43", "text": "We cover everything that is Star Atlas"}, {"end": "00:00:49", "start": "00:00:46", "text": "and this is my recap video where we talk"}, {"end": "00:00:52", "start": "00:00:47", "text": "all about the news in the community of"}, {"end": "00:00:53", "start": "00:00:49", "text": "Star Atlas. Um, so we'll jump into first"}, {"end": "00:00:55", "start": "00:00:52", "text": "off Hollow Sim, but I want to ask you"}, {"end": "00:00:57", "start": "00:00:53", "text": "guys a question. I haven't done a lot of"}, {"end": "00:00:59", "start": "00:00:55", "text": "recaps lately. Um, you can see I did"}, {"end": "00:01:01", "start": "00:00:57", "text": "this one on 728 and that was mostly Star"}, {"end": "00:01:03", "start": "00:00:59", "text": "Atlas news. It wasn't much about the"}, {"end": "00:01:05", "start": "00:01:01", "text": "community and then I looked way back. It"}, {"end": "00:01:06", "start": "00:01:03", "text": "was all the way in May was my previous"}, {"end": "00:01:08", "start": "00:01:05", "text": "one and so I haven't been doing a lot of"}, {"end": "00:01:10", "start": "00:01:06", "text": "the recap videos. If you guys really"}, {"end": "00:01:12", "start": "00:01:08", "text": "liked recap videos, I could try to, you"}, {"end": "00:01:14", "start": "00:01:10", "text": "know, do a little bit more. Um, one of"}, {"end": "00:01:16", "start": "00:01:12", "text": "the reasons was I felt like I was um,"}, {"end": "00:01:18", "start": "00:01:14", "text": "stepping on Metverse Explorer's toes,"}, {"end": "00:01:20", "start": "00:01:16", "text": "who really does a lot of recaps and uh,"}, {"end": "00:01:21", "start": "00:01:18", "text": "he hasn't been putting out as many"}, {"end": "00:01:23", "start": "00:01:20", "text": "videos lately. So, I realized that maybe"}, {"end": "00:01:27", "start": "00:01:21", "text": "I should, you know, try to fill in that"}, {"end": "00:01:29", "start": "00:01:23", "text": "gap in the meantime. So, let's go into"}, {"end": "00:01:32", "start": "00:01:27", "text": "Hollow Sim. Man, Hollow Sim was just"}, {"end": "00:01:34", "start": "00:01:29", "text": "released this past Wednesday, Wednesday"}, {"end": "00:01:36", "start": "00:01:32", "text": "evening, um, Eastern time, at least my"}, {"end": "00:01:38", "start": "00:01:34", "text": "time. Um, it is, it seems like it's"}, {"end": "00:01:39", "start": "00:01:36", "text": "doing awesome. There's a ton of people"}, {"end": "00:01:41", "start": "00:01:38", "text": "see, you know, that seem to have jumped"}, {"end": "00:01:44", "start": "00:01:39", "text": "in and started playing. Um, it is"}, {"end": "00:01:45", "start": "00:01:41", "text": "sponsored, um, partially by Soul, um,"}, {"end": "00:01:47", "start": "00:01:44", "text": "Soulflare and partially by Automata, the"}, {"end": "00:01:51", "start": "00:01:45", "text": "creators of Star Atlas. And there's a"}, {"end": "00:01:53", "start": "00:01:47", "text": "total of $35,000 in rewards given away,"}, {"end": "00:01:54", "start": "00:01:51", "text": "you know, just for playing. Um I I like"}, {"end": "00:01:56", "start": "00:01:53", "text": "this advertisement right here. So"}, {"end": "00:01:58", "start": "00:01:54", "text": "Soulflare put out this um advertisement."}, {"end": "00:02:00", "start": "00:01:56", "text": "The original one didn't have all the"}, {"end": "00:02:02", "start": "00:01:58", "text": "flames and yours truly did the flames."}, {"end": "00:02:05", "start": "00:02:00", "text": "Um check it out. I just want to point"}, {"end": "00:02:07", "start": "00:02:02", "text": "this out. So Soulflare Empire, which is"}, {"end": "00:02:10", "start": "00:02:05", "text": "the uh official community managed page"}, {"end": "00:02:12", "start": "00:02:07", "text": "of Soulflare, um uh commented on this"}, {"end": "00:02:15", "start": "00:02:10", "text": "one. I did the icy flames right here."}, {"end": "00:02:17", "start": "00:02:12", "text": "And then so then"}, {"end": "00:02:19", "start": "00:02:15", "text": "um they put out um this icy look right"}, {"end": "00:02:22", "start": "00:02:17", "text": "here and I go here's a hot version to"}, {"end": "00:02:25", "start": "00:02:19", "text": "warm up with. Um and look at this. I got"}, {"end": "00:02:27", "start": "00:02:22", "text": "zero likes, no retweets. And then they"}, {"end": "00:02:28", "start": "00:02:25", "text": "didn't even tell me. But they took the"}, {"end": "00:02:30", "start": "00:02:27", "text": "image that I redid. It's their image"}, {"end": "00:02:33", "start": "00:02:28", "text": "anyway. I just kind of enhanced it, you"}, {"end": "00:02:36", "start": "00:02:30", "text": "know. And they got 332 likes and 78"}, {"end": "00:02:39", "start": "00:02:33", "text": "retweets on it, man. So hollow sim,"}, {"end": "00:02:41", "start": "00:02:36", "text": "dude. So what else do we got? The battle"}, {"end": "00:02:43", "start": "00:02:39", "text": "pass is being sold along with the hol"}, {"end": "00:02:46", "start": "00:02:41", "text": "hol sim. um game being launched and I"}, {"end": "00:02:47", "start": "00:02:43", "text": "actually grabbed it. Um look at this."}, {"end": "00:02:49", "start": "00:02:46", "text": "Hollow Sim sold 100 plus battle passes"}, {"end": "00:02:51", "start": "00:02:47", "text": "and this was a couple days ago. I'm sure"}, {"end": "00:02:53", "start": "00:02:49", "text": "there's a lot more since then. Um and um"}, {"end": "00:02:57", "start": "00:02:51", "text": "if you bought the battle battle pass, I"}, {"end": "00:02:59", "start": "00:02:53", "text": "saw on the uh Discord that the bonuses"}, {"end": "00:03:00", "start": "00:02:57", "text": "are like maybe they're not working quite"}, {"end": "00:03:03", "start": "00:02:59", "text": "properly. So if you're seeing something"}, {"end": "00:03:04", "start": "00:03:00", "text": "not work um cuz you get a daily 9x"}, {"end": "00:03:07", "start": "00:03:03", "text": "bonus. Um I feel like I'm getting the"}, {"end": "00:03:09", "start": "00:03:04", "text": "Zatlas reward though. Um but anyway,"}, {"end": "00:03:10", "start": "00:03:07", "text": "they said that uh if if for some reason"}, {"end": "00:03:11", "start": "00:03:09", "text": "something's not working with the battle"}, {"end": "00:03:13", "start": "00:03:10", "text": "pass, they're there's going to be a fix"}, {"end": "00:03:15", "start": "00:03:11", "text": "to it. So, no worries."}, {"end": "00:03:17", "start": "00:03:13", "text": "So, you can see here you get um account"}, {"end": "00:03:20", "start": "00:03:15", "text": "avatar border plus five crew on daily"}, {"end": "00:03:24", "start": "00:03:17", "text": "streak bonus plus a 9x bonus on your"}, {"end": "00:03:26", "start": "00:03:20", "text": "daily Zlas rewards. Cool stuff. So, here"}, {"end": "00:03:28", "start": "00:03:24", "text": "is Hollow Sim live at this very moment"}, {"end": "00:03:30", "start": "00:03:26", "text": "that I'm recording the video. There is a"}, {"end": "00:03:32", "start": "00:03:28", "text": "lot of people all flying around. There's"}, {"end": "00:03:35", "start": "00:03:30", "text": "a lot of people scanning as you can see."}, {"end": "00:03:37", "start": "00:03:32", "text": "So, if we look up here in the top, we"}, {"end": "00:03:39", "start": "00:03:35", "text": "actually have this new um leaderboard"}, {"end": "00:03:40", "start": "00:03:37", "text": "for factions. Um you can see right now"}, {"end": "00:03:42", "start": "00:03:39", "text": "the mud is wiping the floor with"}, {"end": "00:03:45", "start": "00:03:40", "text": "everyone else. 25,175"}, {"end": "00:03:47", "start": "00:03:42", "text": "contracts have been redeemed. Um the"}, {"end": "00:03:49", "start": "00:03:45", "text": "just just to let you guys know um um"}, {"end": "00:03:50", "start": "00:03:47", "text": "creating a contract, there's all sorts"}, {"end": "00:03:52", "start": "00:03:49", "text": "of different contracts that you can"}, {"end": "00:03:54", "start": "00:03:50", "text": "create and creating a contract takes a"}, {"end": "00:03:56", "start": "00:03:52", "text": "ton of resources. So it takes a lot of"}, {"end": "00:03:57", "start": "00:03:54", "text": "mining and it takes a lot of working"}, {"end": "00:03:58", "start": "00:03:56", "text": "together as a faction to be able to get"}, {"end": "00:04:00", "start": "00:03:57", "text": "all these resources together and then"}, {"end": "00:04:03", "start": "00:03:58", "text": "you actually sell them to different star"}, {"end": "00:04:05", "start": "00:04:00", "text": "bases where the um the basically the uh"}, {"end": "00:04:06", "start": "00:04:03", "text": "automata the creators of the game"}, {"end": "00:04:09", "start": "00:04:05", "text": "themselves are actually buying the"}, {"end": "00:04:13", "start": "00:04:06", "text": "contracts from us. Um, but uh we can see"}, {"end": "00:04:15", "start": "00:04:09", "text": "that the mud is is is doing like doing"}, {"end": "00:04:17", "start": "00:04:13", "text": "the best. 25,175."}, {"end": "00:04:19", "start": "00:04:15", "text": "Um, now I almost played, but I'm not"}, {"end": "00:04:21", "start": "00:04:17", "text": "playing. They're my main faction, but I"}, {"end": "00:04:23", "start": "00:04:19", "text": "promised I'd play on, so I'm playing on"}, {"end": "00:04:25", "start": "00:04:21", "text": "again. Well, is shortly behind them at"}, {"end": "00:04:27", "start": "00:04:23", "text": "21,489."}, {"end": "00:04:30", "start": "00:04:25", "text": "And"}, {"end": "00:04:33", "start": "00:04:27", "text": "look at this. Oni 17,412."}, {"end": "00:04:34", "start": "00:04:30", "text": "So Oni's got a lot of work to do. I I'm"}, {"end": "00:04:36", "start": "00:04:33", "text": "curious. Um, I don't know how many"}, {"end": "00:04:37", "start": "00:04:34", "text": "people are playing each faction. So I"}, {"end": "00:04:39", "start": "00:04:36", "text": "wonder if there's like less people"}, {"end": "00:04:41", "start": "00:04:37", "text": "playing on and that affects anything or"}, {"end": "00:04:43", "start": "00:04:39", "text": "you know a ton of people playing MUD or"}, {"end": "00:04:45", "start": "00:04:41", "text": "if MUD is just like you know really"}, {"end": "00:04:46", "start": "00:04:43", "text": "really got it together like you know on"}, {"end": "00:04:48", "start": "00:04:45", "text": "on like working together like oh you"}, {"end": "00:04:49", "start": "00:04:46", "text": "mine this I'm going to mine this you"}, {"end": "00:04:51", "start": "00:04:48", "text": "supply this I'm going to supply this and"}, {"end": "00:04:54", "start": "00:04:49", "text": "uh they are able to like get that big"}, {"end": "00:04:56", "start": "00:04:51", "text": "boost ahead on returning contracts. Now"}, {"end": "00:04:59", "start": "00:04:54", "text": "I wish I could help returning contracts"}, {"end": "00:05:02", "start": "00:04:56", "text": "but I'm suffering for from a glitch. My"}, {"end": "00:05:03", "start": "00:04:59", "text": "um my original idea was to actually put"}, {"end": "00:05:05", "start": "00:05:02", "text": "out a video about Hollow Sim this"}, {"end": "00:05:06", "start": "00:05:03", "text": "weekend about my play style, my"}, {"end": "00:05:09", "start": "00:05:05", "text": "playthrough, everything like that. My"}, {"end": "00:05:10", "start": "00:05:06", "text": "strategy on Hollow Sim. Um and I was"}, {"end": "00:05:11", "start": "00:05:09", "text": "doing pretty good. Not pretty good, but"}, {"end": "00:05:14", "start": "00:05:10", "text": "like I kind of started a day late"}, {"end": "00:05:16", "start": "00:05:11", "text": "because I came out when I was like about"}, {"end": "00:05:17", "start": "00:05:14", "text": "to go to bed and uh then I had to go to"}, {"end": "00:05:19", "start": "00:05:16", "text": "work. I worked 12 hours in the"}, {"end": "00:05:21", "start": "00:05:17", "text": "summertime. So 12 hour shift. I started"}, {"end": "00:05:24", "start": "00:05:19", "text": "playing basically almost 24 hours after"}, {"end": "00:05:26", "start": "00:05:21", "text": "it came out. So, I was already uh kind"}, {"end": "00:05:29", "start": "00:05:24", "text": "of lagging and but I made it up to the"}, {"end": "00:05:31", "start": "00:05:26", "text": "300s in the global rank. Um since then,"}, {"end": "00:05:35", "start": "00:05:29", "text": "my crew members are not working. Um I"}, {"end": "00:05:38", "start": "00:05:31", "text": "only have I have 14 crew. Um it took me"}, {"end": "00:05:40", "start": "00:05:35", "text": "absolutely forever to um get through the"}, {"end": "00:05:41", "start": "00:05:38", "text": "quests. Whenever I claim the quests, I"}, {"end": "00:05:43", "start": "00:05:40", "text": "don't get the crew that goes along with"}, {"end": "00:05:45", "start": "00:05:41", "text": "it. So, if you're suffering um with this"}, {"end": "00:05:46", "start": "00:05:43", "text": "uh glitch, they say that there is"}, {"end": "00:05:48", "start": "00:05:45", "text": "supposed to be a fix. It was supposed to"}, {"end": "00:05:49", "start": "00:05:46", "text": "come out yesterday. That's Saturday at"}, {"end": "00:05:52", "start": "00:05:48", "text": "the time making this video and it hasn't"}, {"end": "00:05:53", "start": "00:05:49", "text": "come out yet, unfortunately. Um, but I"}, {"end": "00:05:55", "start": "00:05:52", "text": "I'm not playing anymore until it does"}, {"end": "00:05:58", "start": "00:05:53", "text": "because I wasted like all day yesterday"}, {"end": "00:05:59", "start": "00:05:55", "text": "trying to uh trying to do one quest. It"}, {"end": "00:06:00", "start": "00:05:58", "text": "took forever. But since I only have a"}, {"end": "00:06:02", "start": "00:05:59", "text": "limited amount of fleets and a limited"}, {"end": "00:06:04", "start": "00:06:00", "text": "amount of crafters, there's not much I"}, {"end": "00:06:06", "start": "00:06:02", "text": "could do. Um, but let's look at the"}, {"end": "00:06:07", "start": "00:06:04", "text": "leaderboard. So, people, not everyone's"}, {"end": "00:06:09", "start": "00:06:06", "text": "having the same problem as me because if"}, {"end": "00:06:11", "start": "00:06:07", "text": "you look at the global rank, you look at"}, {"end": "00:06:13", "start": "00:06:09", "text": "these leaderboards. Um, this is I put in"}, {"end": "00:06:15", "start": "00:06:11", "text": "a zillion hours and I I don't even have"}, {"end": "00:06:18", "start": "00:06:13", "text": "I basically have half a million XP. And"}, {"end": "00:06:21", "start": "00:06:15", "text": "look at this Dr. Hines right here at 8"}, {"end": "00:06:23", "start": "00:06:18", "text": "million XP. man, he's number one on the"}, {"end": "00:06:26", "start": "00:06:21", "text": "leaderboard. We have Larenor um number"}, {"end": "00:06:29", "start": "00:06:23", "text": "two, just just barely behind him. Um and"}, {"end": "00:06:30", "start": "00:06:26", "text": "we have Cat Catalin Shadow um number"}, {"end": "00:06:33", "start": "00:06:29", "text": "three. So there's the top three right"}, {"end": "00:06:36", "start": "00:06:30", "text": "there. Um if we look at the faction,"}, {"end": "00:06:39", "start": "00:06:33", "text": "it's like we mostly and it's all Oster"}, {"end": "00:06:41", "start": "00:06:36", "text": "and Mud in the top 10, it looks like. Um"}, {"end": "00:06:43", "start": "00:06:39", "text": "there's not a single Oni in the top 10."}, {"end": "00:06:45", "start": "00:06:41", "text": "Um let's see, where do we get? We have"}, {"end": "00:06:47", "start": "00:06:43", "text": "to go all the way down it looks like to"}, {"end": "00:06:49", "start": "00:06:45", "text": "number 15 is the first onie right there."}, {"end": "00:06:51", "start": "00:06:47", "text": "So, way to go Mud. Way to go. You guys"}, {"end": "00:06:52", "start": "00:06:49", "text": "are doing really, really good. And it's"}, {"end": "00:06:56", "start": "00:06:51", "text": "good. Look at this. It's nice to see"}, {"end": "00:06:57", "start": "00:06:52", "text": "Lumina. Lumina um he he had some really"}, {"end": "00:06:59", "start": "00:06:56", "text": "really difficult surgeries that he went"}, {"end": "00:07:02", "start": "00:06:57", "text": "to in the past. I haven't heard um much"}, {"end": "00:07:03", "start": "00:06:59", "text": "from him. Um but I it's awesome to see"}, {"end": "00:07:06", "start": "00:07:02", "text": "them on the board right here at number"}, {"end": "00:07:08", "start": "00:07:03", "text": "17. And Sly, I think Sly said that at"}, {"end": "00:07:10", "start": "00:07:06", "text": "one point yesterday he was in in the top"}, {"end": "00:07:11", "start": "00:07:08", "text": "10. So, we have a couple onies trying to"}, {"end": "00:07:14", "start": "00:07:10", "text": "work their way up to the top 10. Good"}, {"end": "00:07:15", "start": "00:07:11", "text": "luck, guys, man. Um fun stuff. I'm"}, {"end": "00:07:16", "start": "00:07:14", "text": "really enjoying it. If you do buy the"}, {"end": "00:07:17", "start": "00:07:15", "text": "battle pass and you go to manage"}, {"end": "00:07:20", "start": "00:07:16", "text": "account, you can see right here it'll be"}, {"end": "00:07:22", "start": "00:07:17", "text": "checked that you have the battle pass."}, {"end": "00:07:24", "start": "00:07:20", "text": "And if you guys want to um play on two"}, {"end": "00:07:27", "start": "00:07:22", "text": "different devices, what you need to do"}, {"end": "00:07:29", "start": "00:07:24", "text": "is you need to um click on this save"}, {"end": "00:07:30", "start": "00:07:27", "text": "game and bring it over to your um"}, {"end": "00:07:32", "start": "00:07:29", "text": "basically if just by clicking on it,"}, {"end": "00:07:33", "start": "00:07:30", "text": "it'll copy to your clickboard. It"}, {"end": "00:07:35", "start": "00:07:32", "text": "doesn't really tell you um but it's"}, {"end": "00:07:36", "start": "00:07:33", "text": "right now you have a um basically your"}, {"end": "00:07:37", "start": "00:07:35", "text": "wallet's copied to your clickboard or"}, {"end": "00:07:39", "start": "00:07:36", "text": "actually just the information of your"}, {"end": "00:07:41", "start": "00:07:37", "text": "game is copied to your clickboard. So,"}, {"end": "00:07:43", "start": "00:07:39", "text": "what you need to do is then send that"}, {"end": "00:07:45", "start": "00:07:41", "text": "over to your other device. And then when"}, {"end": "00:07:47", "start": "00:07:43", "text": "you then you click on restore game and"}, {"end": "00:07:50", "start": "00:07:45", "text": "you paste that information into that and"}, {"end": "00:07:54", "start": "00:07:47", "text": "then if you have a battle pass, um it"}, {"end": "00:07:56", "start": "00:07:50", "text": "has you download um some information. Um"}, {"end": "00:07:57", "start": "00:07:54", "text": "you need to make sure you download that."}, {"end": "00:08:00", "start": "00:07:56", "text": "You have the option to download it. And"}, {"end": "00:08:02", "start": "00:07:57", "text": "then you will see um this this is like"}, {"end": "00:08:04", "start": "00:08:00", "text": "the part of the information you get."}, {"end": "00:08:06", "start": "00:08:02", "text": "You'll have the wallet with a semicolon"}, {"end": "00:08:08", "start": "00:08:04", "text": "and then after that um there's a whole"}, {"end": "00:08:09", "start": "00:08:06", "text": "series of numbers. It says copy these"}, {"end": "00:08:10", "start": "00:08:08", "text": "numbers here, but it'll be a whole"}, {"end": "00:08:12", "start": "00:08:09", "text": "series of numbers. You copy those"}, {"end": "00:08:15", "start": "00:08:10", "text": "numbers including the brackets and then"}, {"end": "00:08:16", "start": "00:08:12", "text": "you go back and you plug that into the"}, {"end": "00:08:18", "start": "00:08:15", "text": "paste save game and then your battle"}, {"end": "00:08:19", "start": "00:08:16", "text": "pass and your game will be on your other"}, {"end": "00:08:21", "start": "00:08:18", "text": "device. So, I had to do that because I"}, {"end": "00:08:23", "start": "00:08:19", "text": "also play on my laptop. Actually, my"}, {"end": "00:08:24", "start": "00:08:21", "text": "laptop is the thing I keep running all"}, {"end": "00:08:26", "start": "00:08:23", "text": "day long when I'm at work and everything"}, {"end": "00:08:31", "start": "00:08:24", "text": "like that. Um, my main PC right here. um"}, {"end": "00:08:33", "start": "00:08:26", "text": "I don't um and so I had to I I'd like to"}, {"end": "00:08:34", "start": "00:08:31", "text": "play on the PC like like because it has"}, {"end": "00:08:36", "start": "00:08:33", "text": "the nice big screen everything like that"}, {"end": "00:08:38", "start": "00:08:34", "text": "but the laptop um is less energy"}, {"end": "00:08:40", "start": "00:08:36", "text": "consuming so I keep that thing going at"}, {"end": "00:08:42", "start": "00:08:38", "text": "all times. Um also I'm afraid of like"}, {"end": "00:08:43", "start": "00:08:40", "text": "thunderstorms or something when I'm at"}, {"end": "00:08:45", "start": "00:08:42", "text": "work or something and uh you know I'd"}, {"end": "00:08:48", "start": "00:08:43", "text": "rather my really expensive PC not get uh"}, {"end": "00:08:50", "start": "00:08:45", "text": "zapped. So, if you're interested more"}, {"end": "00:08:52", "start": "00:08:48", "text": "about learning how to play Hollowos Sim,"}, {"end": "00:08:54", "start": "00:08:50", "text": "um if you go to Aphia Industries, make"}, {"end": "00:08:57", "start": "00:08:52", "text": "sure you follow them. And um their uh"}, {"end": "00:09:00", "start": "00:08:54", "text": "tag on Twitter is AIA. They put out a"}, {"end": "00:09:01", "start": "00:08:57", "text": "fantastic uh guide right here that um"}, {"end": "00:09:04", "start": "00:09:00", "text": "gives you a whole entire rundown on how"}, {"end": "00:09:06", "start": "00:09:01", "text": "to play."}, {"end": "00:09:07", "start": "00:09:04", "text": "You can see like all the different"}, {"end": "00:09:09", "start": "00:09:06", "text": "contents that it has right here,"}, {"end": "00:09:10", "start": "00:09:07", "text": "breaking everything down for you. Um if"}, {"end": "00:09:13", "start": "00:09:09", "text": "you feel like you're more of a visual"}, {"end": "00:09:16", "start": "00:09:10", "text": "learner, you can go over to my page and"}, {"end": "00:09:18", "start": "00:09:13", "text": "hold on one sec. And I have um two"}, {"end": "00:09:19", "start": "00:09:16", "text": "different walkthroughs just for the"}, {"end": "00:09:20", "start": "00:09:18", "text": "tutorial. This really if you're brand"}, {"end": "00:09:22", "start": "00:09:19", "text": "new to Hollisim, this will really help"}, {"end": "00:09:23", "start": "00:09:20", "text": "you out um you know kind of getting"}, {"end": "00:09:25", "start": "00:09:22", "text": "started because if you you're new to"}, {"end": "00:09:26", "start": "00:09:23", "text": "Holisim and never played Starbase that"}, {"end": "00:09:28", "start": "00:09:25", "text": "you might not know like how all the game"}, {"end": "00:09:29", "start": "00:09:26", "text": "mechanics work and stuff like that. So I"}, {"end": "00:09:31", "start": "00:09:28", "text": "walk through step by step on how to play"}, {"end": "00:09:33", "start": "00:09:29", "text": "the tutorial and this was season zero"}, {"end": "00:09:36", "start": "00:09:31", "text": "but the tutorial and the story line has"}, {"end": "00:09:38", "start": "00:09:33", "text": "not changed um really a tiny tiny bit so"}, {"end": "00:09:40", "start": "00:09:36", "text": "far. Not much. Um so you can actually"}, {"end": "00:09:41", "start": "00:09:38", "text": "follow along there and then I did the"}, {"end": "00:09:43", "start": "00:09:40", "text": "first two videos of the story line where"}, {"end": "00:09:44", "start": "00:09:41", "text": "I I go through a lot of the story line."}, {"end": "00:09:47", "start": "00:09:43", "text": "So, if you're having trouble doing any"}, {"end": "00:09:48", "start": "00:09:44", "text": "types of missions out there, man, um I I"}, {"end": "00:09:49", "start": "00:09:47", "text": "have them all in those videos. Just go"}, {"end": "00:09:51", "start": "00:09:48", "text": "check them out. Um you can probably just"}, {"end": "00:09:52", "start": "00:09:49", "text": "fast forward even if you want to until"}, {"end": "00:09:54", "start": "00:09:51", "text": "you find the actual quest that uh you're"}, {"end": "00:09:56", "start": "00:09:52", "text": "looking for and I can help you out"}, {"end": "00:09:59", "start": "00:09:54", "text": "there. All right, next. What else do we"}, {"end": "00:10:00", "start": "00:09:56", "text": "got? Ah, zinc. So, Zinc, um again, not"}, {"end": "00:10:02", "start": "00:09:59", "text": "to keep promoting myself, but I did a"}, {"end": "00:10:05", "start": "00:10:00", "text": "video uh recently about zinc and uh the"}, {"end": "00:10:07", "start": "00:10:02", "text": "new blockchain. Um it was all like, you"}, {"end": "00:10:09", "start": "00:10:05", "text": "know, all sorts of information we got"}, {"end": "00:10:11", "start": "00:10:07", "text": "from the town hall. Um, I just wanted to"}, {"end": "00:10:15", "start": "00:10:09", "text": "just real quick, we won't go too deep"}, {"end": "00:10:17", "start": "00:10:11", "text": "into zinc, but um, there was a uh,"}, {"end": "00:10:20", "start": "00:10:15", "text": "basically a second breakdown all about"}, {"end": "00:10:22", "start": "00:10:17", "text": "zinc in the most recent um, Atlas um,"}, {"end": "00:10:25", "start": "00:10:20", "text": "brew. And that that was just this past"}, {"end": "00:10:27", "start": "00:10:22", "text": "Wednesday. And um, Brett, who I think"}, {"end": "00:10:28", "start": "00:10:25", "text": "he's the VP of game design or something"}, {"end": "00:10:30", "start": "00:10:27", "text": "like that, I might be getting his title"}, {"end": "00:10:32", "start": "00:10:28", "text": "right, but Brett and um, the CEO of Star"}, {"end": "00:10:34", "start": "00:10:30", "text": "Atlas, Michael Wagner, Captain Swag, was"}, {"end": "00:10:35", "start": "00:10:32", "text": "there um, answering a whole bunch of"}, {"end": "00:10:37", "start": "00:10:34", "text": "different information the um, the"}, {"end": "00:10:38", "start": "00:10:35", "text": "community had. Um there was it seems"}, {"end": "00:10:40", "start": "00:10:37", "text": "like there's a lot of fear in the"}, {"end": "00:10:42", "start": "00:10:38", "text": "community having one more token because"}, {"end": "00:10:45", "start": "00:10:40", "text": "we're already balancing Atlas Polis and"}, {"end": "00:10:46", "start": "00:10:42", "text": "then we utilize Salana um right now and"}, {"end": "00:10:48", "start": "00:10:45", "text": "then now we're going to have zinc like"}, {"end": "00:10:50", "start": "00:10:46", "text": "kind of like a fourth token and the team"}, {"end": "00:10:51", "start": "00:10:48", "text": "is kind of assuring um the community"}, {"end": "00:10:53", "start": "00:10:50", "text": "that it's really only trying to think"}, {"end": "00:10:55", "start": "00:10:51", "text": "about three tokens. Um so they talk all"}, {"end": "00:10:57", "start": "00:10:53", "text": "about that um in this episode right"}, {"end": "00:11:00", "start": "00:10:55", "text": "here. Um, I really think that Zinc is"}, {"end": "00:11:03", "start": "00:10:57", "text": "going to be, you know, groundbreaking as"}, {"end": "00:11:06", "start": "00:11:00", "text": "far as our playing in, um, uh, uh,"}, {"end": "00:11:07", "start": "00:11:03", "text": "Starbased, um, which will soon be C4."}, {"end": "00:11:09", "start": "00:11:06", "text": "Man, it's going to cut down so many"}, {"end": "00:11:11", "start": "00:11:07", "text": "costs for us. It's going to be awesome."}, {"end": "00:11:12", "start": "00:11:09", "text": "It is might be a little bit more a"}, {"end": "00:11:14", "start": "00:11:11", "text": "juggling act at first and, um, we're"}, {"end": "00:11:15", "start": "00:11:12", "text": "going to have to use bridges to like"}, {"end": "00:11:17", "start": "00:11:14", "text": "bring stuff in and out of the two"}, {"end": "00:11:19", "start": "00:11:15", "text": "ecosystems between Salana and Zinc. They"}, {"end": "00:11:20", "start": "00:11:17", "text": "go over that all in this video, so"}, {"end": "00:11:22", "start": "00:11:19", "text": "please, um, check it out if you're"}, {"end": "00:11:24", "start": "00:11:20", "text": "interested. But um there's also a"}, {"end": "00:11:26", "start": "00:11:22", "text": "fantastic um Oh, first off, make sure"}, {"end": "00:11:29", "start": "00:11:24", "text": "you follow um if you're on on X, make"}, {"end": "00:11:30", "start": "00:11:26", "text": "sure you're following Zinc, um on X"}, {"end": "00:11:32", "start": "00:11:29", "text": "because um it seems like, you know,"}, {"end": "00:11:33", "start": "00:11:30", "text": "they're already like possibly doing"}, {"end": "00:11:35", "start": "00:11:32", "text": "giveaways and we're going to have to"}, {"end": "00:11:36", "start": "00:11:33", "text": "think all about um farming for zinc"}, {"end": "00:11:38", "start": "00:11:35", "text": "tokens coming up really shortly. So,"}, {"end": "00:11:41", "start": "00:11:36", "text": "make sure you're following Zinc on"}, {"end": "00:11:43", "start": "00:11:38", "text": "Twitter. But API put out this fantastic"}, {"end": "00:11:45", "start": "00:11:41", "text": "article right here that is um breaks"}, {"end": "00:11:48", "start": "00:11:43", "text": "down basically everything you need to"}, {"end": "00:11:50", "start": "00:11:45", "text": "know about zinc so far. Um, so again,"}, {"end": "00:11:51", "start": "00:11:48", "text": "you know, hats off to Aphia and"}, {"end": "00:11:54", "start": "00:11:50", "text": "Funcracker for putting out all these"}, {"end": "00:11:58", "start": "00:11:51", "text": "awesome articles for us. But this is um"}, {"end": "00:12:00", "start": "00:11:54", "text": "ju just a a really good informative um"}, {"end": "00:12:02", "start": "00:11:58", "text": "article right here that will kind of"}, {"end": "00:12:03", "start": "00:12:00", "text": "like take everything that you basically"}, {"end": "00:12:05", "start": "00:12:02", "text": "heard between the town hall, the Atlas"}, {"end": "00:12:06", "start": "00:12:03", "text": "Brew, um you know what what Zinc's been"}, {"end": "00:12:08", "start": "00:12:05", "text": "releasing on social media and stuff like"}, {"end": "00:12:09", "start": "00:12:06", "text": "that and he puts it all into this one"}, {"end": "00:12:11", "start": "00:12:08", "text": "article. So I recommend it and there's"}, {"end": "00:12:13", "start": "00:12:09", "text": "going to be a link for this down below"}, {"end": "00:12:15", "start": "00:12:11", "text": "for sure. Now this has been really"}, {"end": "00:12:17", "start": "00:12:13", "text": "really fun for me. I really I I like I"}, {"end": "00:12:19", "start": "00:12:15", "text": "always like behind the scenes on"}, {"end": "00:12:21", "start": "00:12:17", "text": "everything, you know, like when it comes"}, {"end": "00:12:22", "start": "00:12:19", "text": "to like making movies, like how people"}, {"end": "00:12:24", "start": "00:12:21", "text": "like like artists like, you know,"}, {"end": "00:12:26", "start": "00:12:22", "text": "challenge themselves and like, you know,"}, {"end": "00:12:28", "start": "00:12:24", "text": "create their own art, like what like"}, {"end": "00:12:29", "start": "00:12:26", "text": "where where is their like, you know,"}, {"end": "00:12:31", "start": "00:12:28", "text": "secret space where they can like, you"}, {"end": "00:12:32", "start": "00:12:29", "text": "know, kind of like, you know, you know,"}, {"end": "00:12:34", "start": "00:12:31", "text": "start their creation, like find"}, {"end": "00:12:36", "start": "00:12:32", "text": "inspiration, stuff like that. Um, and"}, {"end": "00:12:40", "start": "00:12:34", "text": "this is kind of like pulling the curtain"}, {"end": "00:12:42", "start": "00:12:36", "text": "back on um on how Chipoto has been"}, {"end": "00:12:43", "start": "00:12:40", "text": "developing um Unreal Engine 5. He's been"}, {"end": "00:12:45", "start": "00:12:42", "text": "doing these dev logs. this like"}, {"end": "00:12:48", "start": "00:12:43", "text": "basically he's like like taken a problem"}, {"end": "00:12:50", "start": "00:12:45", "text": "that he decides to tackle that that"}, {"end": "00:12:53", "start": "00:12:48", "text": "afternoon and then he gives us basically"}, {"end": "00:12:55", "start": "00:12:50", "text": "an update on how he solved that issue."}, {"end": "00:12:57", "start": "00:12:53", "text": "Now, one of my favorite devlogs is one"}, {"end": "00:12:58", "start": "00:12:55", "text": "of his first ones. It's devlog number"}, {"end": "00:12:59", "start": "00:12:57", "text": "three where he was talking about the"}, {"end": "00:13:01", "start": "00:12:58", "text": "Gatling gun. And I was having some"}, {"end": "00:13:03", "start": "00:12:59", "text": "issues myself with the gatling gun"}, {"end": "00:13:04", "start": "00:13:01", "text": "because it I'm not that great. I'm still"}, {"end": "00:13:06", "start": "00:13:03", "text": "using the um learning the mouse and"}, {"end": "00:13:09", "start": "00:13:04", "text": "keyboard. It's not that great. I'm"}, {"end": "00:13:11", "start": "00:13:06", "text": "terrible right now um playing against"}, {"end": "00:13:13", "start": "00:13:09", "text": "all these legends um you know in Unreal"}, {"end": "00:13:15", "start": "00:13:11", "text": "Engine 5. But one of the games um that"}, {"end": "00:13:16", "start": "00:13:13", "text": "you can play when you jump on in and"}, {"end": "00:13:17", "start": "00:13:15", "text": "play against the community is called the"}, {"end": "00:13:19", "start": "00:13:16", "text": "gun game. And you start off with"}, {"end": "00:13:21", "start": "00:13:17", "text": "basically it's supposed to be the best"}, {"end": "00:13:22", "start": "00:13:19", "text": "game that or gun that Star Atlas has at"}, {"end": "00:13:24", "start": "00:13:21", "text": "the moment. And then you work your way"}, {"end": "00:13:27", "start": "00:13:22", "text": "all the way down to a melee attack. Um"}, {"end": "00:13:29", "start": "00:13:24", "text": "so um you progressively go from to a"}, {"end": "00:13:33", "start": "00:13:27", "text": "more difficult gun um as you get kills"}, {"end": "00:13:35", "start": "00:13:29", "text": "um or eliminations. And so um there's a"}, {"end": "00:13:36", "start": "00:13:33", "text": "spooling effect in in the um Gatling"}, {"end": "00:13:38", "start": "00:13:35", "text": "gun. And for me, I was having not only"}, {"end": "00:13:39", "start": "00:13:36", "text": "trying to learn the, you know, mouse and"}, {"end": "00:13:41", "start": "00:13:38", "text": "keyboard controls cuz I usually play"}, {"end": "00:13:43", "start": "00:13:39", "text": "with, you know, an Xbox controller, but"}, {"end": "00:13:45", "start": "00:13:41", "text": "I'm teaching myself how to play on PC."}, {"end": "00:13:48", "start": "00:13:43", "text": "Little difficult for me in my old age."}, {"end": "00:13:49", "start": "00:13:45", "text": "Um, but, um, I noticed that not only did"}, {"end": "00:13:50", "start": "00:13:48", "text": "I not get the timing right, but some"}, {"end": "00:13:52", "start": "00:13:49", "text": "newer players were kind of jumping in"}, {"end": "00:13:53", "start": "00:13:50", "text": "like names I've never recognized before."}, {"end": "00:13:54", "start": "00:13:52", "text": "And they were trying to go up and shoot"}, {"end": "00:13:56", "start": "00:13:53", "text": "me and nothing happened. And you can"}, {"end": "00:13:57", "start": "00:13:54", "text": "tell that they were trying to like hit"}, {"end": "00:13:58", "start": "00:13:56", "text": "buttons and stuff like that. And that's"}, {"end": "00:14:00", "start": "00:13:57", "text": "because you have to hold down the shoot"}, {"end": "00:14:01", "start": "00:13:58", "text": "button for a couple seconds and then it"}, {"end": "00:14:02", "start": "00:14:00", "text": "starts to rotate and then it starts to"}, {"end": "00:14:04", "start": "00:14:01", "text": "shoot. And they were getting all"}, {"end": "00:14:07", "start": "00:14:02", "text": "confused. So like here he was problem"}, {"end": "00:14:08", "start": "00:14:04", "text": "solving for that and so he he showed"}, {"end": "00:14:10", "start": "00:14:07", "text": "basically how he does it where it starts"}, {"end": "00:14:12", "start": "00:14:08", "text": "off shooting slow instead of spooling up"}, {"end": "00:14:16", "start": "00:14:10", "text": "and then it gets faster and faster. So"}, {"end": "00:14:16", "start": "00:14:12", "text": "let's check this out."}, {"end": "00:14:34", "start": "00:14:30", "text": "Cool stuff. So way to go. Thank you so"}, {"end": "00:14:35", "start": "00:14:32", "text": "very much for putting all these out"}, {"end": "00:14:38", "start": "00:14:34", "text": "there. I I really myself I'm really"}, {"end": "00:14:41", "start": "00:14:35", "text": "really enjoying them. Love them. Um"}, {"end": "00:14:43", "start": "00:14:38", "text": "next, we have had some community uh"}, {"end": "00:14:45", "start": "00:14:41", "text": "meetups since my last uh very last"}, {"end": "00:14:48", "start": "00:14:43", "text": "recap. Um this one right here um was in"}, {"end": "00:14:51", "start": "00:14:45", "text": "Valencia. Um we could see um who uh we"}, {"end": "00:14:54", "start": "00:14:48", "text": "have Drum Carlos Kepler, we have Santi,"}, {"end": "00:14:56", "start": "00:14:51", "text": "who else was there? Um we have Daenerys,"}, {"end": "00:14:57", "start": "00:14:54", "text": "Calibri Special. Um and they all"}, {"end": "00:15:00", "start": "00:14:56", "text": "gathered. And what's really cool about"}, {"end": "00:15:03", "start": "00:14:57", "text": "this is that um there was a poll vote to"}, {"end": "00:15:05", "start": "00:15:00", "text": "um help fund community meetups in the"}, {"end": "00:15:07", "start": "00:15:03", "text": "whole entire um uh Star Atlas community,"}, {"end": "00:15:08", "start": "00:15:05", "text": "you know, community, worldwide"}, {"end": "00:15:11", "start": "00:15:07", "text": "community. And then I think I believe"}, {"end": "00:15:13", "start": "00:15:08", "text": "that this one is utilizing that Polus"}, {"end": "00:15:15", "start": "00:15:11", "text": "Fund, which is a lot of fun. You can see"}, {"end": "00:15:18", "start": "00:15:13", "text": "our beautiful family right there. Um and"}, {"end": "00:15:20", "start": "00:15:15", "text": "then there was a second one. Um and then"}, {"end": "00:15:22", "start": "00:15:18", "text": "this one was um called the Comet. You"}, {"end": "00:15:24", "start": "00:15:20", "text": "can see Bruho right here made a whole"}, {"end": "00:15:26", "start": "00:15:22", "text": "post about that. That was yesterday at"}, {"end": "00:15:28", "start": "00:15:24", "text": "the time making this video, August 23rd"}, {"end": "00:15:30", "start": "00:15:26", "text": "from this time to this time in Cologne,"}, {"end": "00:15:32", "start": "00:15:28", "text": "Germany. And what was really cool about"}, {"end": "00:15:34", "start": "00:15:30", "text": "it, it's not up anymore, but Startless"}, {"end": "00:15:38", "start": "00:15:32", "text": "TV actually like kind of like set up a"}, {"end": "00:15:39", "start": "00:15:34", "text": "little camera um there. Um ODVB um I"}, {"end": "00:15:42", "start": "00:15:38", "text": "believe is probably there. I think he's"}, {"end": "00:15:44", "start": "00:15:39", "text": "from Germany, I do believe. And uh yeah,"}, {"end": "00:15:45", "start": "00:15:42", "text": "so I actually got to watch about a half"}, {"end": "00:15:46", "start": "00:15:44", "text": "an hour of footage of uh the community"}, {"end": "00:15:49", "start": "00:15:45", "text": "all kind of hanging out together. But"}, {"end": "00:15:52", "start": "00:15:46", "text": "here um is these signs as you were"}, {"end": "00:15:54", "start": "00:15:49", "text": "walking in. Really fun stuff. Um, and"}, {"end": "00:15:55", "start": "00:15:52", "text": "then here's just one shot of the"}, {"end": "00:15:57", "start": "00:15:54", "text": "community. Um, there was when I was"}, {"end": "00:15:58", "start": "00:15:55", "text": "watching the video, there's a ton more"}, {"end": "00:16:00", "start": "00:15:57", "text": "people right here. Um, I was just"}, {"end": "00:16:02", "start": "00:15:58", "text": "mentioning Funkracker who writes the"}, {"end": "00:16:03", "start": "00:16:00", "text": "articles for Aphia and uh, yeah, he was"}, {"end": "00:16:04", "start": "00:16:02", "text": "like front and center right there and he"}, {"end": "00:16:05", "start": "00:16:03", "text": "was right on his laptop. It looked like"}, {"end": "00:16:08", "start": "00:16:04", "text": "he was like literally writing an article"}, {"end": "00:16:09", "start": "00:16:05", "text": "while he was there. Um, cool stuff. He"}, {"end": "00:16:11", "start": "00:16:08", "text": "probably was most likely just playing a"}, {"end": "00:16:12", "start": "00:16:09", "text": "Star Atlas game or something like that."}, {"end": "00:16:14", "start": "00:16:11", "text": "But, uh, yeah, love it. Speaking of"}, {"end": "00:16:16", "start": "00:16:12", "text": "Funcracker, he's the one that posted"}, {"end": "00:16:20", "start": "00:16:14", "text": "that picture right there. All right. Um,"}, {"end": "00:16:22", "start": "00:16:16", "text": "there is a huge Iris Quest tournament"}, {"end": "00:16:25", "start": "00:16:20", "text": "going on. Actually, it's going to be"}, {"end": "00:16:26", "start": "00:16:22", "text": "taking place very, very soon. Um, for"}, {"end": "00:16:27", "start": "00:16:25", "text": "the finale, um, while I'm making this"}, {"end": "00:16:29", "start": "00:16:26", "text": "video right now, I'll probably be"}, {"end": "00:16:32", "start": "00:16:27", "text": "editing it while the finale is going on."}, {"end": "00:16:34", "start": "00:16:29", "text": "But, um, look at 14 different teams,"}, {"end": "00:16:36", "start": "00:16:32", "text": "man. Look at all these like all these"}, {"end": "00:16:38", "start": "00:16:34", "text": "players right here that are all"}, {"end": "00:16:39", "start": "00:16:36", "text": "together, you know, busting their butt"}, {"end": "00:16:41", "start": "00:16:38", "text": "to try to get their chops together to"}, {"end": "00:16:43", "start": "00:16:39", "text": "see who's going to be the champion um,"}, {"end": "00:16:45", "start": "00:16:41", "text": "in this tournament. And there is a lot"}, {"end": "00:16:47", "start": "00:16:43", "text": "of I I believe like some really good"}, {"end": "00:16:49", "start": "00:16:45", "text": "prizes and the prizes were all put"}, {"end": "00:16:52", "start": "00:16:47", "text": "together from the community. Now the"}, {"end": "00:16:53", "start": "00:16:49", "text": "legend Neo Armstrong is actually um this"}, {"end": "00:16:55", "start": "00:16:52", "text": "was yesterday like we can just take a"}, {"end": "00:16:57", "start": "00:16:53", "text": "peek of the tournament. He's actually"}, {"end": "00:16:59", "start": "00:16:55", "text": "broadcasting it live on Twitch. So if"}, {"end": "00:17:02", "start": "00:16:57", "text": "you want to follow Neo Armstrong on"}, {"end": "00:17:04", "start": "00:16:59", "text": "Twitch it's Neo_Aa"}, {"end": "00:17:06", "start": "00:17:02", "text": "for Armstrong. Um let's just take a"}, {"end": "00:17:10", "start": "00:17:04", "text": "little peek at yesterday's uh you know"}, {"end": "00:17:10", "start": "00:17:06", "text": "yesterday's gameplay."}, {"end": "00:17:17", "start": "00:17:11", "text": "We are seeing a pirate guys."}, {"end": "00:17:19", "start": "00:17:14", "text": "We are seeing a pirate."}, {"end": "00:17:24", "start": "00:17:17", "text": "Master Lois"}, {"end": "00:17:28", "start": "00:17:19", "text": "play now. He take he recovers his life."}, {"end": "00:17:30", "start": "00:17:24", "text": "Six points. Six points for neutrons."}, {"end": "00:17:32", "start": "00:17:28", "text": "This points."}, {"end": "00:17:35", "start": "00:17:30", "text": "Z makes two points. Makes one point."}, {"end": "00:17:39", "start": "00:17:32", "text": "Bubba Bubba makes another point."}, {"end": "00:17:39", "start": "00:17:35", "text": "six points for"}, {"end": "00:17:44", "start": "00:17:40", "text": "so man way to go Neil Armstrong man he's"}, {"end": "00:17:45", "start": "00:17:42", "text": "definitely filling a void that we didn't"}, {"end": "00:17:47", "start": "00:17:44", "text": "have in Sar Alice and that is the whole"}, {"end": "00:17:50", "start": "00:17:45", "text": "entire streaming audience and he's doing"}, {"end": "00:17:51", "start": "00:17:47", "text": "this fantastic not only like is he doing"}, {"end": "00:17:53", "start": "00:17:50", "text": "uh you know streaming when he plays but"}, {"end": "00:17:55", "start": "00:17:51", "text": "he's actually doing the spectator mode"}, {"end": "00:17:56", "start": "00:17:53", "text": "and being a commentator for all of our"}, {"end": "00:17:57", "start": "00:17:55", "text": "different racing events and shooting"}, {"end": "00:17:58", "start": "00:17:56", "text": "events and stuff we have for Star Atlas"}, {"end": "00:18:00", "start": "00:17:57", "text": "and I'm sure there's going to be more"}, {"end": "00:18:03", "start": "00:17:58", "text": "and more in the future. So this is such"}, {"end": "00:18:04", "start": "00:18:00", "text": "cool stuff. Um he got a community member"}, {"end": "00:18:05", "start": "00:18:03", "text": "of the year I think for the Joy Award"}, {"end": "00:18:10", "start": "00:18:04", "text": "and he totally deserves it. It's so"}, {"end": "00:18:11", "start": "00:18:05", "text": "super cool. Um now Tenets tour um Tenets"}, {"end": "00:18:13", "start": "00:18:10", "text": "tour has been doing this fantastic"}, {"end": "00:18:15", "start": "00:18:11", "text": "photography campaign. I love the"}, {"end": "00:18:17", "start": "00:18:13", "text": "photography and the photographers of"}, {"end": "00:18:19", "start": "00:18:15", "text": "Star Atlas. Um but he's doing 365 days"}, {"end": "00:18:21", "start": "00:18:17", "text": "of photography. Um releasing one picture"}, {"end": "00:18:24", "start": "00:18:19", "text": "per day and he's starting off basically"}, {"end": "00:18:26", "start": "00:18:21", "text": "telling the history of our Unreal Engine"}, {"end": "00:18:27", "start": "00:18:24", "text": "5 Star Atlas journey starting with the"}, {"end": "00:18:29", "start": "00:18:26", "text": "early release of the showroom and what"}, {"end": "00:18:31", "start": "00:18:27", "text": "the showroom was really like back then."}, {"end": "00:18:32", "start": "00:18:29", "text": "Um, and he's doing a little, you know,"}, {"end": "00:18:34", "start": "00:18:31", "text": "he does like a little blurb all about"}, {"end": "00:18:36", "start": "00:18:32", "text": "what the photograph, you know, what the"}, {"end": "00:18:37", "start": "00:18:34", "text": "photograph is about and what was going"}, {"end": "00:18:39", "start": "00:18:36", "text": "on in the photograph and what Sarales"}, {"end": "00:18:40", "start": "00:18:37", "text": "was, you know, where they were in the"}, {"end": "00:18:43", "start": "00:18:39", "text": "creative stage of releasing Unreal"}, {"end": "00:18:45", "start": "00:18:40", "text": "Engine 5 stuff. So, awesome stuff. So,"}, {"end": "00:18:46", "start": "00:18:43", "text": "follow Tet's tour. And if you ever"}, {"end": "00:18:48", "start": "00:18:45", "text": "really like, you know, are addicted to"}, {"end": "00:18:50", "start": "00:18:46", "text": "his photography, you could always go to"}, {"end": "00:18:52", "start": "00:18:48", "text": "galia meta.io where there's a bunch of"}, {"end": "00:18:55", "start": "00:18:50", "text": "different um photographers right here um"}, {"end": "00:18:57", "start": "00:18:52", "text": "that have all their images able to be"}, {"end": "00:18:59", "start": "00:18:55", "text": "printed on different types of medium."}, {"end": "00:19:01", "start": "00:18:57", "text": "So, for instance, you can have it um"}, {"end": "00:19:03", "start": "00:18:59", "text": "printed and framed. Um you can have it"}, {"end": "00:19:06", "start": "00:19:01", "text": "canvased like the ones I got printed"}, {"end": "00:19:07", "start": "00:19:03", "text": "behind me. Um this is what it looks like"}, {"end": "00:19:08", "start": "00:19:06", "text": "right here. Like what a beautiful"}, {"end": "00:19:10", "start": "00:19:07", "text": "picture that is. I should get that one."}, {"end": "00:19:13", "start": "00:19:08", "text": "I just love that picture, man. I should"}, {"end": "00:19:14", "start": "00:19:10", "text": "totally order that one. Um anyway, um"}, {"end": "00:19:16", "start": "00:19:13", "text": "fantastic stuff. Love it all, man. Love"}, {"end": "00:19:19", "start": "00:19:14", "text": "it all. Go to gallium.com. Support our"}, {"end": "00:19:21", "start": "00:19:16", "text": "local artists and also support our"}, {"end": "00:19:23", "start": "00:19:19", "text": "YouTubers. And anomaly was one of my"}, {"end": "00:19:25", "start": "00:19:21", "text": "favorite um content creators. um he was"}, {"end": "00:19:26", "start": "00:19:23", "text": "putting out a bunch of stuff and he took"}, {"end": "00:19:28", "start": "00:19:25", "text": "a very very long break and he's been"}, {"end": "00:19:30", "start": "00:19:26", "text": "kind of like putting out more and more"}, {"end": "00:19:31", "start": "00:19:28", "text": "stuff recently. I guess it wasn't a long"}, {"end": "00:19:33", "start": "00:19:30", "text": "break. I see like 1 year then 3 months."}, {"end": "00:19:34", "start": "00:19:31", "text": "So he took like like a 9month break. Um"}, {"end": "00:19:37", "start": "00:19:33", "text": "but he's been putting out more and more"}, {"end": "00:19:38", "start": "00:19:34", "text": "content. Um and I've been really"}, {"end": "00:19:40", "start": "00:19:37", "text": "enjoying it. He actually did this"}, {"end": "00:19:43", "start": "00:19:38", "text": "contest right here if you guys want to"}, {"end": "00:19:44", "start": "00:19:40", "text": "click on this and check out his contest."}, {"end": "00:19:46", "start": "00:19:43", "text": "He was basically opening crew members"}, {"end": "00:19:47", "start": "00:19:44", "text": "and then he did this little thing that"}, {"end": "00:19:49", "start": "00:19:46", "text": "you'll have to watch the video to find"}, {"end": "00:19:50", "start": "00:19:47", "text": "out how you can actually get yourself"}, {"end": "00:19:52", "start": "00:19:49", "text": "one of the crew members that he opened"}, {"end": "00:19:54", "start": "00:19:50", "text": "up. But he also made this video right"}, {"end": "00:19:55", "start": "00:19:52", "text": "here that I realized. I said I was going"}, {"end": "00:19:56", "start": "00:19:54", "text": "to make a video on and I never did until"}, {"end": "00:19:58", "start": "00:19:55", "text": "I saw that he did the video and I'm"}, {"end": "00:20:01", "start": "00:19:56", "text": "like, \"Oh man, how did I forget to do"}, {"end": "00:20:03", "start": "00:19:58", "text": "this?\" Cuz um we have Magic Puncher um"}, {"end": "00:20:06", "start": "00:20:01", "text": "from Star Atlas, developer of Star"}, {"end": "00:20:08", "start": "00:20:03", "text": "Atlas, Brad um has been um he basically"}, {"end": "00:20:10", "start": "00:20:06", "text": "developed this whole entire uh you know"}, {"end": "00:20:11", "start": "00:20:08", "text": "solo campaign that you can play if you"}, {"end": "00:20:13", "start": "00:20:10", "text": "go into the world of Gallia. And I think"}, {"end": "00:20:14", "start": "00:20:11", "text": "everyone you know like including myself,"}, {"end": "00:20:15", "start": "00:20:13", "text": "but a lot of people are all caught up in"}, {"end": "00:20:17", "start": "00:20:14", "text": "the gun game because it's been so much"}, {"end": "00:20:20", "start": "00:20:15", "text": "fun lately um with the new servers and"}, {"end": "00:20:22", "start": "00:20:17", "text": "stuff that they have. Um, but yeah, this"}, {"end": "00:20:23", "start": "00:20:20", "text": "is whole entire um, you know, campaign"}, {"end": "00:20:25", "start": "00:20:22", "text": "that you can play that I have to go and"}, {"end": "00:20:26", "start": "00:20:23", "text": "check out. Um, but I clicked on this. I"}, {"end": "00:20:28", "start": "00:20:25", "text": "was like, man, that's not an Anomaly's"}, {"end": "00:20:30", "start": "00:20:26", "text": "voice, you know, cuz he Yeah, this is a"}, {"end": "00:20:31", "start": "00:20:28", "text": "very American voice and he has a bit of"}, {"end": "00:20:32", "start": "00:20:30", "text": "an accent. I was like, who who's talking"}, {"end": "00:20:33", "start": "00:20:31", "text": "here?"}, {"end": "00:20:35", "start": "00:20:32", "text": "Oh, you've got to be kidding me. They"}, {"end": "00:20:37", "start": "00:20:33", "text": "found us. Hold on, honey. Evasive"}, {"end": "00:20:39", "start": "00:20:35", "text": "maneuvers. Uh, stranger, remember how"}, {"end": "00:20:42", "start": "00:20:37", "text": "they said we didn't need help? Yeah, I"}, {"end": "00:20:42", "start": "00:20:39", "text": "take it back. Desperately, totally take"}, {"end": "00:20:45", "start": "00:20:42", "text": "it back."}, {"end": "00:20:46", "start": "00:20:42", "text": "So, I got to I got to go and do a"}, {"end": "00:20:48", "start": "00:20:45", "text": "playthrough of this. I'll make sure I"}, {"end": "00:20:50", "start": "00:20:46", "text": "record it for you guys. Um, so if you"}, {"end": "00:20:52", "start": "00:20:48", "text": "guys have any like questions on like how"}, {"end": "00:20:53", "start": "00:20:50", "text": "uh, you know, what keys to press, you"}, {"end": "00:20:55", "start": "00:20:52", "text": "know, or how to, uh, you know, do the"}, {"end": "00:20:56", "start": "00:20:53", "text": "missions and stuff like that, you guys"}, {"end": "00:20:58", "start": "00:20:55", "text": "can follow along. Um, but it looks like"}, {"end": "00:20:59", "start": "00:20:56", "text": "it's a lot of fun. So, way to go, Mr."}, {"end": "00:21:00", "start": "00:20:58", "text": "Anomaly. Thank you. Please keep on"}, {"end": "00:21:04", "start": "00:20:59", "text": "putting out all the videos that you've"}, {"end": "00:21:07", "start": "00:21:00", "text": "been putting out. What else do we got?"}, {"end": "00:21:09", "start": "00:21:04", "text": "Next, I want to give a shout out to um,"}, {"end": "00:21:11", "start": "00:21:07", "text": "is it Fei 91 Roma, who's been putting"}, {"end": "00:21:12", "start": "00:21:09", "text": "out some really good videos for the"}, {"end": "00:21:15", "start": "00:21:11", "text": "Italian community. It seems I don't"}, {"end": "00:21:17", "start": "00:21:12", "text": "speak Italian. Um, but um, you know, it"}, {"end": "00:21:18", "start": "00:21:15", "text": "looks like he started doing some content"}, {"end": "00:21:20", "start": "00:21:17", "text": "a couple years ago, but he's put out a"}, {"end": "00:21:23", "start": "00:21:18", "text": "bunch recently, and I just wanted to"}, {"end": "00:21:25", "start": "00:21:20", "text": "throw him some support. Um, love to see"}, {"end": "00:21:28", "start": "00:21:23", "text": "it. I'd love to, you know, that Italian"}, {"end": "00:21:28", "start": "00:21:25", "text": "community grow."}, {"end": "00:21:39", "start": "00:21:35", "text": "I love the Italian language, man. I"}, {"end": "00:21:42", "start": "00:21:38", "text": "can't speak it, but I love it. Uh, it"}, {"end": "00:21:44", "start": "00:21:39", "text": "always reminds reminds me of that Family"}, {"end": "00:21:45", "start": "00:21:42", "text": "Guy moment. Uh, can we get some salami?"}, {"end": "00:21:46", "start": "00:21:44", "text": "And"}, {"end": "00:21:49", "start": "00:21:45", "text": "Brian, Brian, let me handle this. Uh,"}, {"end": "00:21:50", "start": "00:21:46", "text": "excuse."}, {"end": "00:21:53", "start": "00:21:49", "text": "Peter, what are you doing? Speaking"}, {"end": "00:21:53", "start": "00:21:50", "text": "Italian."}, {"end": "00:21:59", "start": "00:21:54", "text": "So, if you guys have been following the"}, {"end": "00:22:03", "start": "00:21:55", "text": "Sun, Moon, and Stars novel, um, the 22nd"}, {"end": "00:22:05", "start": "00:21:59", "text": "and final chapter of the book has just"}, {"end": "00:22:08", "start": "00:22:03", "text": "been released. Um, making, you know,"}, {"end": "00:22:09", "start": "00:22:05", "text": "having it come to an end. And here's to,"}, {"end": "00:22:10", "start": "00:22:08", "text": "you know, the second novel. Hopefully,"}, {"end": "00:22:12", "start": "00:22:09", "text": "there's going to be a second book in the"}, {"end": "00:22:14", "start": "00:22:10", "text": "whole entire series. Um, if you're"}, {"end": "00:22:16", "start": "00:22:12", "text": "interested in reading this, this is a"}, {"end": "00:22:17", "start": "00:22:14", "text": "novel that utilizes basically the lore"}, {"end": "00:22:19", "start": "00:22:16", "text": "and the different factions and"}, {"end": "00:22:21", "start": "00:22:17", "text": "characters of Star Atlas and puts it"}, {"end": "00:22:23", "start": "00:22:19", "text": "together in his own storyline. So, way"}, {"end": "00:22:26", "start": "00:22:21", "text": "to go, man. That's a lot of work right"}, {"end": "00:22:29", "start": "00:22:23", "text": "there to write a book for sure. All"}, {"end": "00:22:31", "start": "00:22:26", "text": "right. And Raspby, um, one of our"}, {"end": "00:22:32", "start": "00:22:29", "text": "content creators, formerly one of our"}, {"end": "00:22:34", "start": "00:22:31", "text": "new content creators, but now he's been"}, {"end": "00:22:36", "start": "00:22:32", "text": "around long enough that he's starting to"}, {"end": "00:22:38", "start": "00:22:34", "text": "become an OG. Love this music. We're"}, {"end": "00:22:40", "start": "00:22:36", "text": "going to talk about that in a sec. Um,"}, {"end": "00:22:42", "start": "00:22:38", "text": "just put out a very long raspies"}, {"end": "00:22:44", "start": "00:22:40", "text": "rundown. This is episode two of his"}, {"end": "00:22:45", "start": "00:22:42", "text": "second season of the raspies rundown"}, {"end": "00:22:47", "start": "00:22:44", "text": "where he basically talks all about"}, {"end": "00:22:49", "start": "00:22:45", "text": "different things that are going on in"}, {"end": "00:22:51", "start": "00:22:47", "text": "Star Atlas utilizing his character."}, {"end": "00:22:53", "start": "00:22:49", "text": "Heard your impeccably posh navigator"}, {"end": "00:22:54", "start": "00:22:51", "text": "through the glittering void of gaming"}, {"end": "00:22:57", "start": "00:22:53", "text": "greatness."}, {"end": "00:22:58", "start": "00:22:54", "text": "And um as we kind of pop through you can"}, {"end": "00:23:00", "start": "00:22:57", "text": "see all the different things he talks"}, {"end": "00:23:04", "start": "00:22:58", "text": "about um and he uses a bunch of cool"}, {"end": "00:23:05", "start": "00:23:00", "text": "like cutins and uh like uh some AI and"}, {"end": "00:23:08", "start": "00:23:04", "text": "stuff like that. I really really enjoyed"}, {"end": "00:23:09", "start": "00:23:05", "text": "the Raspy's rundown. Um, Raspby also has"}, {"end": "00:23:11", "start": "00:23:08", "text": "a contest that's going on that I want to"}, {"end": "00:23:14", "start": "00:23:09", "text": "talk about. Um, cuz there's not much"}, {"end": "00:23:16", "start": "00:23:11", "text": "time to enter the contest. Um, he says"}, {"end": "00:23:19", "start": "00:23:14", "text": "there's some banger prizes for it, but"}, {"end": "00:23:22", "start": "00:23:16", "text": "it's for making a video for um, this"}, {"end": "00:23:24", "start": "00:23:19", "text": "song right here um, by Blanca Bandida,"}, {"end": "00:23:26", "start": "00:23:22", "text": "um, Star Atlas Summer, and it's a really"}, {"end": "00:23:28", "start": "00:23:24", "text": "good song. Um, I, you know, I'd love to"}, {"end": "00:23:29", "start": "00:23:26", "text": "see, I haven't had time to make a video"}, {"end": "00:23:31", "start": "00:23:28", "text": "for it. I really would like to make a"}, {"end": "00:23:33", "start": "00:23:29", "text": "video for it, but I'd love to see what"}, {"end": "00:23:35", "start": "00:23:31", "text": "you guys have come up with. Um, but um"}, {"end": "00:23:37", "start": "00:23:33", "text": "I'm not sure also what the prizes are,"}, {"end": "00:23:39", "start": "00:23:35", "text": "but he says they're good. And uh Raspby,"}, {"end": "00:23:41", "start": "00:23:37", "text": "you know, he's kind of a whale and"}, {"end": "00:23:42", "start": "00:23:39", "text": "Sarales, so maybe, you know, I almost"}, {"end": "00:23:44", "start": "00:23:41", "text": "think that they, you know, I'd take them"}, {"end": "00:23:45", "start": "00:23:42", "text": "up on trying to, you know, win something"}, {"end": "00:23:47", "start": "00:23:44", "text": "if you think that you have the chops to"}, {"end": "00:23:48", "start": "00:23:45", "text": "create a music video. But let's listen"}, {"end": "00:23:49", "start": "00:23:47", "text": "to the song because it's a pretty good"}, {"end": "00:23:51", "start": "00:23:48", "text": "song. Um, at least the beginning of it,"}, {"end": "00:23:56", "start": "00:23:49", "text": "cuz I I like it. It's a really It's like"}, {"end": "00:23:56", "start": "00:23:51", "text": "a really decent pop song for real."}, {"end": "00:24:05", "start": "00:24:00", "text": "If you got issues with him, better learn"}, {"end": "00:24:08", "start": "00:24:02", "text": "to solve them"}, {"end": "00:24:11", "start": "00:24:05", "text": "cuz he knows enough to be a mother at"}, {"end": "00:24:14", "start": "00:24:08", "text": "the problem."}, {"end": "00:24:16", "start": "00:24:11", "text": "Yeah. If you got issues with me, better"}, {"end": "00:24:24", "start": "00:24:14", "text": "learn solar"}, {"end": "00:24:24", "start": "00:24:16", "text": "[Music]"}, {"end": "00:24:30", "start": "00:24:24", "text": "at summer."}, {"end": "00:24:34", "start": "00:24:27", "text": "It's a time to soar."}, {"end": "00:24:36", "start": "00:24:30", "text": "Breaking down patches, unlocking the"}, {"end": "00:24:40", "start": "00:24:34", "text": "lore."}, {"end": "00:24:45", "start": "00:24:36", "text": "Blockchains the power. So long as the"}, {"end": "00:24:49", "start": "00:24:40", "text": "key from ships to the cosmos, we're"}, {"end": "00:24:53", "start": "00:24:45", "text": "setting it free. Spinning through deep"}, {"end": "00:24:54", "start": "00:24:49", "text": "space where the starship."}, {"end": "00:24:57", "start": "00:24:53", "text": "And then speaking of music, man,"}, {"end": "00:24:59", "start": "00:24:54", "text": "Subverted Norms put out a whole entire"}, {"end": "00:25:04", "start": "00:24:57", "text": "album of music for us. Uh let's listen"}, {"end": "00:25:04", "start": "00:24:59", "text": "to this a little bit. Hold on."}, {"end": "00:25:09", "start": "00:25:05", "text": "Love this one. The outer rim. This is"}, {"end": "00:25:11", "start": "00:25:07", "text": "the anthem."}, {"end": "00:25:12", "start": "00:25:09", "text": "We don't follow templates. We write the"}, {"end": "00:25:14", "start": "00:25:11", "text": "frame. While other chase clout, we"}, {"end": "00:25:16", "start": "00:25:12", "text": "upgrade the game from Galia's dust to a"}, {"end": "00:25:18", "start": "00:25:14", "text": "titan's chrome. Every pixel impulse says"}, {"end": "00:25:19", "start": "00:25:16", "text": "we own this zone. You wanted a logo, we"}, {"end": "00:25:21", "start": "00:25:18", "text": "gave you a brand, a dashboard. Now"}, {"end": "00:25:23", "start": "00:25:19", "text": "here's a city that stands. Need a patch,"}, {"end": "00:25:26", "start": "00:25:21", "text": "we built a plan. Then dress your code in"}, {"end": "00:25:30", "start": "00:25:23", "text": "a satin glam. We're not the norm with a"}, {"end": "00:25:30", "start": "00:25:26", "text": "twist you miss."}, {"end": "00:25:36", "start": "00:25:31", "text": "All right. And then so that is good,"}, {"end": "00:25:39", "start": "00:25:34", "text": "right? But like there's a bunch more"}, {"end": "00:25:44", "start": "00:25:36", "text": "like look at this. Together we shape the"}, {"end": "00:25:48", "start": "00:25:39", "text": "floating shores. I come beyond"}, {"end": "00:25:48", "start": "00:25:44", "text": "the engines."}, {"end": "00:25:54", "start": "00:25:50", "text": "[Music]"}, {"end": "00:26:00", "start": "00:25:54", "text": "Oh my gosh. So that's the Super Phoenix"}, {"end": "00:26:04", "start": "00:25:56", "text": "track. Um here's the bulk guilds uh"}, {"end": "00:26:04", "start": "00:26:00", "text": "track right here. Hold on."}, {"end": "00:26:09", "start": "00:26:04", "text": "Focus. Oh yeah."}, {"end": "00:26:19", "start": "00:26:13", "text": "[Music]"}, {"end": "00:26:19", "start": "00:26:15", "text": "[Applause]"}, {"end": "00:26:27", "start": "00:26:23", "text": "He said I saw something. He doesn't He"}, {"end": "00:26:29", "start": "00:26:25", "text": "said he doesn't use AI, does it old"}, {"end": "00:26:31", "start": "00:26:27", "text": "school? Um, I'd love to know how um he"}, {"end": "00:26:35", "start": "00:26:29", "text": "creates all these different tracks and"}, {"end": "00:26:37", "start": "00:26:31", "text": "so many like such a different um like"}, {"end": "00:26:38", "start": "00:26:35", "text": "different music styles, you know. And"}, {"end": "00:26:42", "start": "00:26:37", "text": "check out this next one. Here we go."}, {"end": "00:26:42", "start": "00:26:38", "text": "Skull and Bones."}, {"end": "00:26:49", "start": "00:26:42", "text": "This one's so funny. I love it."}, {"end": "00:26:49", "start": "00:26:46", "text": "[Music]"}, {"end": "00:26:55", "start": "00:26:50", "text": "lie"}, {"end": "00:26:55", "start": "00:26:52", "text": "la."}, {"end": "00:27:03", "start": "00:26:56", "text": "We strike with silence, fade like ghost,"}, {"end": "00:27:04", "start": "00:26:59", "text": "then drink to rave."}, {"end": "00:27:06", "start": "00:27:03", "text": "[Music]"}, {"end": "00:27:08", "start": "00:27:04", "text": "So cool. Okay. Uh you'll have to come uh"}, {"end": "00:27:10", "start": "00:27:06", "text": "I have this uh you have to scroll down"}, {"end": "00:27:12", "start": "00:27:08", "text": "for a while, but I have this all linked"}, {"end": "00:27:16", "start": "00:27:10", "text": "on my um Twitter account, but you can"}, {"end": "00:27:19", "start": "00:27:12", "text": "also um follow um subvertedn is his tag"}, {"end": "00:27:20", "start": "00:27:16", "text": "name. Subvertedn. You can see it on the"}, {"end": "00:27:21", "start": "00:27:19", "text": "screen right there. and check out all"}, {"end": "00:27:22", "start": "00:27:20", "text": "this music. And it's cool cuz I could"}, {"end": "00:27:24", "start": "00:27:21", "text": "actually play it without getting nailed"}, {"end": "00:27:27", "start": "00:27:22", "text": "on YouTube cuz this is like original"}, {"end": "00:27:31", "start": "00:27:24", "text": "content. So, here we go. Here is the"}, {"end": "00:27:34", "start": "00:27:27", "text": "Club Guilds. A little more mellow."}, {"end": "00:27:36", "start": "00:27:31", "text": "Beautiful."}, {"end": "00:27:38", "start": "00:27:34", "text": "[Music]"}, {"end": "00:27:40", "start": "00:27:36", "text": "I got to use this one in I got to I can"}, {"end": "00:27:42", "start": "00:27:38", "text": "use all of them. It's It's fun in some"}, {"end": "00:27:44", "start": "00:27:40", "text": "videos, you know, if I need a little"}, {"end": "00:27:49", "start": "00:27:42", "text": "music. Love it."}, {"end": "00:27:49", "start": "00:27:44", "text": "This one's 6 minutes long."}, {"end": "00:28:01", "start": "00:27:55", "text": "So cool. I'm just gonna just so you can"}, {"end": "00:28:01", "start": "00:27:58", "text": "get the feel."}, {"end": "00:28:06", "start": "00:28:03", "text": "All right, two more, but I'm playing"}, {"end": "00:28:07", "start": "00:28:04", "text": "them. Sorry, guys. I'm playing them."}, {"end": "00:28:08", "start": "00:28:06", "text": "Hopefully you're enjoying, but I'm"}, {"end": "00:28:11", "start": "00:28:07", "text": "playing them. So here's"}, {"end": "00:28:11", "start": "00:28:08", "text": "Aphas"}, {"end": "00:28:18", "start": "00:28:13", "text": "[Music]"}, {"end": "00:28:22", "start": "00:28:16", "text": "support is pride disarm where metal"}, {"end": "00:28:24", "start": "00:28:18", "text": "screamed and circuits charm."}, {"end": "00:28:26", "start": "00:28:22", "text": "[Music]"}, {"end": "00:28:30", "start": "00:28:24", "text": "That's like the alternative rock. Then"}, {"end": "00:28:30", "start": "00:28:26", "text": "finally the bounty bar."}, {"end": "00:28:36", "start": "00:28:31", "text": "Little swang jazz man."}, {"end": "00:28:41", "start": "00:28:36", "text": "Little kuner. Hit dust with a creaking"}, {"end": "00:28:45", "start": "00:28:40", "text": "grip."}, {"end": "00:28:48", "start": "00:28:41", "text": "Neon signs in the vacuum hum."}, {"end": "00:28:51", "start": "00:28:45", "text": "You found the bar where the killers"}, {"end": "00:28:51", "start": "00:28:48", "text": "come."}, {"end": "00:28:58", "start": "00:28:54", "text": "All right, guys. So, man, make sure you"}, {"end": "00:29:01", "start": "00:28:55", "text": "uh check all that out if you missed it."}, {"end": "00:29:03", "start": "00:28:58", "text": "Um, all right. Look at this, man. So, I"}, {"end": "00:29:05", "start": "00:29:01", "text": "I don't know about the music in this"}, {"end": "00:29:06", "start": "00:29:03", "text": "one, so I'm just gonna start playing it."}, {"end": "00:29:08", "start": "00:29:05", "text": "But this was uh this was put out during"}, {"end": "00:29:10", "start": "00:29:06", "text": "the community week. I think it was"}, {"end": "00:29:15", "start": "00:29:08", "text": "actually put out during the Copa event,"}, {"end": "00:29:18", "start": "00:29:10", "text": "but we now have well it's not it's Lego"}, {"end": "00:29:21", "start": "00:29:15", "text": "is its own trademark, but this is not"}, {"end": "00:29:25", "start": "00:29:18", "text": "the official le Lego product. It says um"}, {"end": "00:29:26", "start": "00:29:21", "text": "but look at this man. Lego Star Atlas"}, {"end": "00:29:28", "start": "00:29:25", "text": "ships. I can't wait to see what this is"}, {"end": "00:29:31", "start": "00:29:26", "text": "all going to be about. It's called Star"}, {"end": "00:29:34", "start": "00:29:28", "text": "Blocks. It says it's coming soon. Um let"}, {"end": "00:29:36", "start": "00:29:31", "text": "me fast forward a tiny bit. Tiny bit."}, {"end": "00:29:40", "start": "00:29:34", "text": "And then we can turn the volume on."}, {"end": "00:29:43", "start": "00:29:36", "text": "A release like no other. This Star Atlas"}, {"end": "00:29:45", "start": "00:29:40", "text": "Community Week brings a teaser for a"}, {"end": "00:29:47", "start": "00:29:43", "text": "trailer of an announcement of an"}, {"end": "00:29:52", "start": "00:29:45", "text": "announcement coming soon from the"}, {"end": "00:29:55", "start": "00:29:47", "text": "Council of Pieces. It's the Pierce X4."}, {"end": "00:29:56", "start": "00:29:52", "text": "So, I didn't think it was real. I"}, {"end": "00:29:59", "start": "00:29:55", "text": "thought it was a pun, but then look at"}, {"end": "00:30:02", "start": "00:29:56", "text": "this right here. Dominic Bain posted"}, {"end": "00:30:04", "start": "00:29:59", "text": "this. So good. And look, he's holding"}, {"end": "00:30:07", "start": "00:30:02", "text": "he's holding the actual model itself,"}, {"end": "00:30:11", "start": "00:30:04", "text": "man. Look at that. Oh my gosh, that's so"}, {"end": "00:30:13", "start": "00:30:07", "text": "fun. Um, so I got to get one to put"}, {"end": "00:30:14", "start": "00:30:11", "text": "behind me on a shelf behind me. I got to"}, {"end": "00:30:17", "start": "00:30:13", "text": "get one of those. I can't wait to see"}, {"end": "00:30:20", "start": "00:30:14", "text": "what this is all about. Um, time will"}, {"end": "00:30:23", "start": "00:30:17", "text": "tell. So, Apex Core, they released a"}, {"end": "00:30:26", "start": "00:30:20", "text": "token called X X Core. Um it's a"}, {"end": "00:30:27", "start": "00:30:23", "text": "community-made token um for Star like"}, {"end": "00:30:30", "start": "00:30:26", "text": "it's not um part of Star Atlas. It's"}, {"end": "00:30:32", "start": "00:30:27", "text": "just a community made project by member"}, {"end": "00:30:34", "start": "00:30:30", "text": "of Star Atlas and um it actually has"}, {"end": "00:30:37", "start": "00:30:32", "text": "even staking rewards. Um you can learn"}, {"end": "00:30:40", "start": "00:30:34", "text": "all about it by going to Apex Core's um"}, {"end": "00:30:44", "start": "00:30:37", "text": "X site right here. Um and he is at"}, {"end": "00:30:46", "start": "00:30:40", "text": "Richard Cllingo or Clingo. Um so if you"}, {"end": "00:30:49", "start": "00:30:44", "text": "want to um learn about it and see if you"}, {"end": "00:30:50", "start": "00:30:46", "text": "want to invest um you totally can. And"}, {"end": "00:30:53", "start": "00:30:49", "text": "um I was curious how it's actually"}, {"end": "00:30:54", "start": "00:30:50", "text": "holding up because it was um back in"}, {"end": "00:30:56", "start": "00:30:53", "text": "July"}, {"end": "00:30:58", "start": "00:30:54", "text": "or June really when when the project was"}, {"end": "00:30:59", "start": "00:30:56", "text": "kind of like uh kind of taken off right"}, {"end": "00:31:02", "start": "00:30:58", "text": "here. You can see that was doing really"}, {"end": "00:31:03", "start": "00:30:59", "text": "really well. Um and it's still holding"}, {"end": "00:31:05", "start": "00:31:02", "text": "up. It never crashed or anything like"}, {"end": "00:31:06", "start": "00:31:03", "text": "that. It's having its, you know, es and"}, {"end": "00:31:08", "start": "00:31:05", "text": "flows. It's on a little bit of a dip,"}, {"end": "00:31:11", "start": "00:31:06", "text": "but it possibly could go right back up"}, {"end": "00:31:12", "start": "00:31:08", "text": "again. Um and uh yeah, and if you, you"}, {"end": "00:31:15", "start": "00:31:11", "text": "know, stake, you'll get um different"}, {"end": "00:31:16", "start": "00:31:12", "text": "types of rewards just for staking, which"}, {"end": "00:31:20", "start": "00:31:15", "text": "is always nice to have tokens that you"}, {"end": "00:31:22", "start": "00:31:16", "text": "can stake. Um, now Apex Core, I also did"}, {"end": "00:31:25", "start": "00:31:20", "text": "not realize that until I was making this"}, {"end": "00:31:28", "start": "00:31:22", "text": "video today. I I saw some of their early"}, {"end": "00:31:32", "start": "00:31:25", "text": "um Apex Core's early uh project release"}, {"end": "00:31:35", "start": "00:31:28", "text": "um where it utilizing AI but telling a"}, {"end": "00:31:36", "start": "00:31:32", "text": "story in Star Atlas. Um it was really"}, {"end": "00:31:38", "start": "00:31:35", "text": "pretty decent. It was a little rough"}, {"end": "00:31:39", "start": "00:31:36", "text": "around the edges cuz it's utilizing like"}, {"end": "00:31:42", "start": "00:31:38", "text": "you know early AI. Um he started the"}, {"end": "00:31:44", "start": "00:31:39", "text": "project a while ago but I didn't realize"}, {"end": "00:31:46", "start": "00:31:42", "text": "that the story is still like going like"}, {"end": "00:31:47", "start": "00:31:44", "text": "it's going. And I just want to play you"}, {"end": "00:31:49", "start": "00:31:46", "text": "guys a little of this. This is pretty"}, {"end": "00:31:49", "start": "00:31:47", "text": "crazy how good it looks now."}, {"end": "00:31:51", "start": "00:31:49", "text": "Blueprints."}, {"end": "00:31:53", "start": "00:31:49", "text": "You were messing with my game. So, you"}, {"end": "00:31:55", "start": "00:31:51", "text": "were telling us you are not Tormarmac?"}, {"end": "00:31:58", "start": "00:31:53", "text": "Oh, the core blueprints. Why didn't you"}, {"end": "00:31:59", "start": "00:31:55", "text": "say so? We need to go."}, {"end": "00:32:00", "start": "00:31:58", "text": "What just happened?"}, {"end": "00:32:03", "start": "00:31:59", "text": "Are we leaving or not? Let's go."}, {"end": "00:32:07", "start": "00:32:00", "text": "We have company. Take him to the ship."}, {"end": "00:32:07", "start": "00:32:03", "text": "Go out the back door."}, {"end": "00:32:11", "start": "00:32:09", "text": "Okay."}, {"end": "00:32:14", "start": "00:32:09", "text": "It's in an asteroid base inside the"}, {"end": "00:32:14", "start": "00:32:11", "text": "Cataclysm. A pirate stole a survey data"}, {"end": "00:32:17", "start": "00:32:14", "text": "unit."}, {"end": "00:32:18", "start": "00:32:14", "text": "So, I I was still digging. And I watched"}, {"end": "00:32:20", "start": "00:32:17", "text": "a couple episodes and I really dig it. I"}, {"end": "00:32:22", "start": "00:32:18", "text": "didn't realize that it had gotten so"}, {"end": "00:32:24", "start": "00:32:20", "text": "involved and you know like it's"}, {"end": "00:32:26", "start": "00:32:22", "text": "utilizing the character Sand if you guys"}, {"end": "00:32:28", "start": "00:32:24", "text": "remember Sand from uh from the campaign"}, {"end": "00:32:30", "start": "00:32:26", "text": "that we had in the Never Alone campaign."}, {"end": "00:32:32", "start": "00:32:28", "text": "Uh so it's cool to see him in the actual"}, {"end": "00:32:35", "start": "00:32:30", "text": "episode and see him come to life like"}, {"end": "00:32:37", "start": "00:32:32", "text": "that. And uh he's got the um my re is"}, {"end": "00:32:39", "start": "00:32:35", "text": "really looking really good like the my"}, {"end": "00:32:41", "start": "00:32:37", "text": "are starting to look really like my um"}, {"end": "00:32:42", "start": "00:32:39", "text": "it takes I think it it just takes a lot"}, {"end": "00:32:44", "start": "00:32:41", "text": "of work to train AI to start to"}, {"end": "00:32:45", "start": "00:32:42", "text": "recognize the characters that you want"}, {"end": "00:32:46", "start": "00:32:44", "text": "them to recognize. I've been utilizing a"}, {"end": "00:32:49", "start": "00:32:45", "text": "lot of AI from my artwork. I'm sure you"}, {"end": "00:32:50", "start": "00:32:46", "text": "guys have seen. Um, but yeah, this"}, {"end": "00:32:52", "start": "00:32:49", "text": "getting the prompts right and getting"}, {"end": "00:32:53", "start": "00:32:50", "text": "everything right to actually have AI not"}, {"end": "00:32:54", "start": "00:32:52", "text": "miss out on something that's important"}, {"end": "00:32:56", "start": "00:32:53", "text": "about the features of your character is"}, {"end": "00:32:59", "start": "00:32:54", "text": "really tough stuff. Um, I'm sure it'll"}, {"end": "00:33:01", "start": "00:32:56", "text": "get easier in the future. Right now, um,"}, {"end": "00:33:04", "start": "00:32:59", "text": "it takes a bit of talent. Speaking of"}, {"end": "00:33:05", "start": "00:33:01", "text": "talent, man, oh my gosh, Enigma, our 3D"}, {"end": "00:33:08", "start": "00:33:04", "text": "printer, one of our 3D printer people of"}, {"end": "00:33:11", "start": "00:33:05", "text": "Star Atlas, um, he has his own company,"}, {"end": "00:33:12", "start": "00:33:08", "text": "too. Um, but it's starlacian.com, by the"}, {"end": "00:33:14", "start": "00:33:11", "text": "way. Um, let's look at this YouTube"}, {"end": "00:33:16", "start": "00:33:12", "text": "video. And he also has, speaking of"}, {"end": "00:33:18", "start": "00:33:14", "text": "music, has his own music just for the"}, {"end": "00:33:20", "start": "00:33:16", "text": "video. Um, so I can play this music too."}, {"end": "00:33:22", "start": "00:33:18", "text": "It's like I think he created it for the"}, {"end": "00:33:24", "start": "00:33:20", "text": "video. So let's listen and check out"}, {"end": "00:33:28", "start": "00:33:22", "text": "this awesome Visus ballad right here"}, {"end": "00:33:28", "start": "00:33:24", "text": "that he printed out."}, {"end": "00:33:37", "start": "00:33:32", "text": "Yeah. Soundtrack by Enigma 42."}, {"end": "00:33:44", "start": "00:33:37", "text": "[Music]"}, {"end": "00:33:49", "start": "00:33:40", "text": "A star at Ballard is born. A ship of"}, {"end": "00:33:52", "start": "00:33:44", "text": "strength, a work of art. The plays it."}, {"end": "00:33:52", "start": "00:33:49", "text": "So this"}, {"end": "00:33:54", "start": "00:33:52", "text": "[Music]"}, {"end": "00:33:58", "start": "00:33:52", "text": "[Applause]"}, {"end": "00:34:00", "start": "00:33:54", "text": "[Music]"}, {"end": "00:34:03", "start": "00:33:58", "text": "[Applause]"}, {"end": "00:34:03", "start": "00:34:00", "text": "to fightendary"}, {"end": "00:34:07", "start": "00:34:03", "text": "[Music]"}, {"end": "00:34:10", "start": "00:34:05", "text": "ship."}, {"end": "00:34:11", "start": "00:34:07", "text": "Yeah. So, I'm going to fast forward just"}, {"end": "00:34:13", "start": "00:34:10", "text": "to the the end of it. There's going to"}, {"end": "00:34:15", "start": "00:34:11", "text": "be a link to this YouTube video and Star"}, {"end": "00:34:16", "start": "00:34:13", "text": "Atlassian down below. But look at this."}, {"end": "00:34:19", "start": "00:34:15", "text": "Like, this is what it looks like all"}, {"end": "00:34:21", "start": "00:34:16", "text": "done and illuminated."}, {"end": "00:34:23", "start": "00:34:19", "text": "So, check this out. Uh, lights up, USB"}, {"end": "00:34:25", "start": "00:34:21", "text": "powered. It's removable from the stand."}, {"end": "00:34:28", "start": "00:34:23", "text": "Illuminate. Push push to light up for 5"}, {"end": "00:34:31", "start": "00:34:25", "text": "minutes. Auto repeats every hour. Really"}, {"end": "00:34:33", "start": "00:34:28", "text": "cool stuff, man. Love it. Love it. Love"}, {"end": "00:34:35", "start": "00:34:31", "text": "it. I just wanted to poke peek at the"}, {"end": "00:34:37", "start": "00:34:33", "text": "Atlas tokens. You could see that um ever"}, {"end": "00:34:39", "start": "00:34:35", "text": "since uh was that last December, we've"}, {"end": "00:34:42", "start": "00:34:37", "text": "had this downward trend, but so has most"}, {"end": "00:34:43", "start": "00:34:39", "text": "micro caps. Um it's just been this this"}, {"end": "00:34:45", "start": "00:34:42", "text": "constant push down. Like micro cap seems"}, {"end": "00:34:48", "start": "00:34:43", "text": "like it's never came out of the bear."}, {"end": "00:34:49", "start": "00:34:45", "text": "And Atlas is a micro cap. Um also, if we"}, {"end": "00:34:52", "start": "00:34:48", "text": "look in the last month, we've kind of"}, {"end": "00:34:53", "start": "00:34:49", "text": "going sidewards. Um, I'm hoping that a"}, {"end": "00:34:55", "start": "00:34:52", "text": "lot of the sell pressure is going to be"}, {"end": "00:34:56", "start": "00:34:53", "text": "alleviated with the zinc token because"}, {"end": "00:34:59", "start": "00:34:55", "text": "um, since people are selling a lot of"}, {"end": "00:35:01", "start": "00:34:56", "text": "Atlas, um, when they earn Atlas tokens"}, {"end": "00:35:03", "start": "00:34:59", "text": "by playing Starbase, they sell a lot of"}, {"end": "00:35:06", "start": "00:35:01", "text": "them in order to offset the cost of"}, {"end": "00:35:07", "start": "00:35:03", "text": "playing Starbase through Salana fees and"}, {"end": "00:35:09", "start": "00:35:06", "text": "zinc should alleviate that. So, people"}, {"end": "00:35:10", "start": "00:35:07", "text": "won't have to sell their Atlas tokens"}, {"end": "00:35:12", "start": "00:35:09", "text": "and by then we might be able to lock"}, {"end": "00:35:13", "start": "00:35:10", "text": "them up for further rewards because"}, {"end": "00:35:15", "start": "00:35:12", "text": "they're going to be changing the whole"}, {"end": "00:35:18", "start": "00:35:13", "text": "entire way the Atlas locker works in the"}, {"end": "00:35:19", "start": "00:35:15", "text": "future. Um, this is the monthly of the"}, {"end": "00:35:21", "start": "00:35:18", "text": "Polus. You can see we had a nice little"}, {"end": "00:35:23", "start": "00:35:19", "text": "peak. We almost hit 16 cents or I think"}, {"end": "00:35:24", "start": "00:35:21", "text": "we did hit 16 cents for a second. Um and"}, {"end": "00:35:26", "start": "00:35:23", "text": "then we're coming back down. This was"}, {"end": "00:35:28", "start": "00:35:24", "text": "the town hall, you know, I think it was"}, {"end": "00:35:29", "start": "00:35:26", "text": "the classic buy the rumor, sell the news"}, {"end": "00:35:31", "start": "00:35:28", "text": "type of thing. Um people were just, you"}, {"end": "00:35:33", "start": "00:35:29", "text": "know, aping into it. Um going into the"}, {"end": "00:35:34", "start": "00:35:31", "text": "town hall and as soon as the town hall"}, {"end": "00:35:36", "start": "00:35:33", "text": "was over, they were taking profit. Um"}, {"end": "00:35:38", "start": "00:35:34", "text": "but hopefully we see this also go up"}, {"end": "00:35:39", "start": "00:35:36", "text": "because the Dow is going to get 5% of"}, {"end": "00:35:43", "start": "00:35:38", "text": "the Zinc token. They're going to be um"}, {"end": "00:35:44", "start": "00:35:39", "text": "the Dow's going to be a um uh um a"}, {"end": "00:35:46", "start": "00:35:43", "text": "validator on the whole they're going to"}, {"end": "00:35:48", "start": "00:35:44", "text": "be running one of the nodes for um the"}, {"end": "00:35:50", "start": "00:35:46", "text": "zinc blockchain and um that could bring"}, {"end": "00:35:51", "start": "00:35:48", "text": "in profits. Plus, you know, if you own"}, {"end": "00:35:53", "start": "00:35:50", "text": "Pulse, you're basically owning a piece"}, {"end": "00:35:55", "start": "00:35:51", "text": "of Star Atlas, a piece of the game"}, {"end": "00:35:56", "start": "00:35:53", "text": "itself because you are the one that gets"}, {"end": "00:35:58", "start": "00:35:55", "text": "to make the decisions in the future on"}, {"end": "00:35:59", "start": "00:35:56", "text": "how the game is going to be created,"}, {"end": "00:36:00", "start": "00:35:58", "text": "who's going to be creating the game,"}, {"end": "00:36:02", "start": "00:35:59", "text": "what direction the game's going to be"}, {"end": "00:36:03", "start": "00:36:00", "text": "going, what type of governance and d and"}, {"end": "00:36:04", "start": "00:36:02", "text": "you know, who's going to be running, you"}, {"end": "00:36:05", "start": "00:36:03", "text": "know, like actually like making the"}, {"end": "00:36:07", "start": "00:36:04", "text": "rules of the game and stuff like that."}, {"end": "00:36:09", "start": "00:36:05", "text": "That all is like supposed to be the"}, {"end": "00:36:10", "start": "00:36:07", "text": "plan. We out in the future. Um so it's"}, {"end": "00:36:11", "start": "00:36:09", "text": "like investing in Pulse like invest in"}, {"end": "00:36:14", "start": "00:36:10", "text": "the game. That's how I see it. Not"}, {"end": "00:36:18", "start": "00:36:11", "text": "financial advice of course. Um our"}, {"end": "00:36:20", "start": "00:36:14", "text": "amazing amazing um Star Atlas charity,"}, {"end": "00:36:22", "start": "00:36:18", "text": "our biggest charity for Star Atlas is"}, {"end": "00:36:24", "start": "00:36:20", "text": "Atlas Grace doing God's work right here."}, {"end": "00:36:27", "start": "00:36:22", "text": "Um you can see that the July this past"}, {"end": "00:36:29", "start": "00:36:24", "text": "July the July donations right here. Um"}, {"end": "00:36:31", "start": "00:36:27", "text": "proudly um supported a Thai and"}, {"end": "00:36:34", "start": "00:36:29", "text": "Cambodian um families that are displaced"}, {"end": "00:36:37", "start": "00:36:31", "text": "from recent border conflicts. gave $80"}, {"end": "00:36:39", "start": "00:36:34", "text": "to this charity right there. Um they I"}, {"end": "00:36:41", "start": "00:36:37", "text": "saw that Atlas Grace also says that Zinc"}, {"end": "00:36:43", "start": "00:36:39", "text": "will help offset a bunch of their costs"}, {"end": "00:36:45", "start": "00:36:41", "text": "so they'll be able to give more in um in"}, {"end": "00:36:48", "start": "00:36:43", "text": "the future. So they gave 80 that's last"}, {"end": "00:36:52", "start": "00:36:45", "text": "month they gave 2087 so quite a bit more"}, {"end": "00:36:55", "start": "00:36:48", "text": "in July than um what was given in um in"}, {"end": "00:36:56", "start": "00:36:52", "text": "June. So um if you don't know how how"}, {"end": "00:36:59", "start": "00:36:55", "text": "they're do what they're doing is they're"}, {"end": "00:37:01", "start": "00:36:56", "text": "like um the all the um assets that um"}, {"end": "00:37:04", "start": "00:36:59", "text": "Atlas Grace has are staked their pulse"}, {"end": "00:37:06", "start": "00:37:01", "text": "is staked and um with any type of the"}, {"end": "00:37:07", "start": "00:37:04", "text": "rewards that they're getting for staking"}, {"end": "00:37:09", "start": "00:37:06", "text": "everything or they're you know and"}, {"end": "00:37:11", "start": "00:37:07", "text": "playing the game Starbase like all the"}, {"end": "00:37:13", "start": "00:37:09", "text": "profit actually goes to any type of"}, {"end": "00:37:15", "start": "00:37:11", "text": "charity and of course this can grow more"}, {"end": "00:37:17", "start": "00:37:13", "text": "and more in the future especially if"}, {"end": "00:37:19", "start": "00:37:15", "text": "Atlas goes up in price and you know V"}, {"end": "00:37:21", "start": "00:37:17", "text": "you know the zinc token um you know"}, {"end": "00:37:22", "start": "00:37:19", "text": "offsets those costs. So good stuff to"}, {"end": "00:37:24", "start": "00:37:21", "text": "see. I can't wait to see, you know, like"}, {"end": "00:37:26", "start": "00:37:22", "text": "what um early January, February, after"}, {"end": "00:37:28", "start": "00:37:24", "text": "the Zinc tokens released, how much more"}, {"end": "00:37:30", "start": "00:37:26", "text": "is going to be given to different"}, {"end": "00:37:32", "start": "00:37:28", "text": "charities for Star Alice, in the name of"}, {"end": "00:37:33", "start": "00:37:30", "text": "Star Alice, I should say. Well, guys, I"}, {"end": "00:37:35", "start": "00:37:32", "text": "think that about does it. I love you"}, {"end": "00:37:36", "start": "00:37:33", "text": "guys all. Make sure you guys are"}, {"end": "00:37:38", "start": "00:37:35", "text": "subscribed. Like I said, leave me a"}, {"end": "00:37:39", "start": "00:37:36", "text": "comment below if you made it this far in"}, {"end": "00:37:40", "start": "00:37:38", "text": "the video. Thank you so much. Leave me a"}, {"end": "00:37:43", "start": "00:37:39", "text": "comment if you want to see more of these"}, {"end": "00:37:44", "start": "00:37:40", "text": "recap videos um in the future. I think"}, {"end": "00:37:48", "start": "00:37:43", "text": "you're all the best, and I'll talk to"}, {"end": "00:37:51", "start": "00:37:44", "text": "you in the next one. Later. Wow."}, {"end": "00:37:51", "start": "00:37:48", "text": "Heat. Heat. Heat."}]

[{"end": "00:00:05", "start": "00:00:01", "text": "Yo, what's up captains and cadetses?"}, {"end": "00:00:07", "start": "00:00:03", "text": "Man, we have a new season of Alosim"}, {"end": "00:00:09", "start": "00:00:05", "text": "coming out in just a few days and"}, {"end": "00:00:11", "start": "00:00:07", "text": "there's a whole bunch of cool new"}, {"end": "00:00:13", "start": "00:00:09", "text": "additions and rewards. We'll talk all"}, {"end": "00:00:15", "start": "00:00:11", "text": "about the rewards by the end of this"}, {"end": "00:00:17", "start": "00:00:13", "text": "video, so hang tight. But without"}, {"end": "00:00:20", "start": "00:00:15", "text": "further ado, let's get on into it. Let's"}, {"end": "00:00:20", "start": "00:00:17", "text": "go."}, {"end": "00:00:35", "start": "00:00:31", "text": "Yo, what's up muds? What's up onies? And"}, {"end": "00:00:38", "start": "00:00:33", "text": "what is up boosters? Also, if you're new"}, {"end": "00:00:40", "start": "00:00:35", "text": "to Star Atlas, man, welcome. Um, the"}, {"end": "00:00:42", "start": "00:00:38", "text": "Holo Sim beta that I have been playing"}, {"end": "00:00:44", "start": "00:00:40", "text": "recently, I think I've been calling it"}, {"end": "00:00:46", "start": "00:00:42", "text": "um season 1 in a lot of my videos. I"}, {"end": "00:00:48", "start": "00:00:44", "text": "thought it was season 1. Um, but"}, {"end": "00:00:50", "start": "00:00:46", "text": "apparently it is season zero, the big"}, {"end": "00:00:52", "start": "00:00:48", "text": "old season natada, the big old goose"}, {"end": "00:00:54", "start": "00:00:50", "text": "egg, man. So, this was the beta was"}, {"end": "00:00:56", "start": "00:00:52", "text": "season zero. It was basically the"}, {"end": "00:00:58", "start": "00:00:54", "text": "pre-launch to season 1 that is coming up"}, {"end": "00:01:00", "start": "00:00:56", "text": "very very soon at the time of making"}, {"end": "00:01:02", "start": "00:00:58", "text": "this video. August 20th, might be out by"}, {"end": "00:01:04", "start": "00:01:00", "text": "the time you watch this video. Um, so"}, {"end": "00:01:07", "start": "00:01:02", "text": "season 1 is, boy, there's a lot of good"}, {"end": "00:01:09", "start": "00:01:04", "text": "changes and it has rewards and it also"}, {"end": "00:01:11", "start": "00:01:07", "text": "has a battle pass. Um, wicked cool stuff"}, {"end": "00:01:12", "start": "00:01:09", "text": "to come. But you can see right here, if"}, {"end": "00:01:15", "start": "00:01:11", "text": "you are interested in catching up, um, I"}, {"end": "00:01:16", "start": "00:01:12", "text": "have the tutorial on how to play Hollow"}, {"end": "00:01:18", "start": "00:01:15", "text": "Sim. I have, um, an episode right here,"}, {"end": "00:01:20", "start": "00:01:16", "text": "if you can see my cursor, um, episode"}, {"end": "00:01:22", "start": "00:01:18", "text": "one and or part one and part two. And"}, {"end": "00:01:24", "start": "00:01:20", "text": "then I have the story line that I was"}, {"end": "00:01:26", "start": "00:01:22", "text": "playing through and I have episode one"}, {"end": "00:01:29", "start": "00:01:24", "text": "and two right here. And I actually have"}, {"end": "00:01:30", "start": "00:01:26", "text": "a third um a third part to this series"}, {"end": "00:01:33", "start": "00:01:29", "text": "that maybe I can try to get out before"}, {"end": "00:01:34", "start": "00:01:30", "text": "the uh the launch of season 1. Um it"}, {"end": "00:01:36", "start": "00:01:33", "text": "will be a really long episode. I"}, {"end": "00:01:38", "start": "00:01:34", "text": "probably have like maybe 45 minutes to"}, {"end": "00:01:39", "start": "00:01:36", "text": "an hour recorded that I never put out."}, {"end": "00:01:41", "start": "00:01:38", "text": "Um but it would be great to have that"}, {"end": "00:01:42", "start": "00:01:39", "text": "just so we actually have the history of"}, {"end": "00:01:44", "start": "00:01:41", "text": "Hollowosim, right? I kind of read"}, {"end": "00:01:46", "start": "00:01:42", "text": "through the whole story line. Um but"}, {"end": "00:01:49", "start": "00:01:44", "text": "anyway, let's get into the new season,"}, {"end": "00:01:51", "start": "00:01:46", "text": "season 1. Now, in the most recent town"}, {"end": "00:01:53", "start": "00:01:49", "text": "hall is when the announcement of the new"}, {"end": "00:01:56", "start": "00:01:51", "text": "hollow sim um was released. Um you could"}, {"end": "00:01:57", "start": "00:01:53", "text": "see um right on the screen right here"}, {"end": "00:01:59", "start": "00:01:56", "text": "during the town hall Xcode, who's been"}, {"end": "00:02:02", "start": "00:01:57", "text": "doing believe just a ton of the coding"}, {"end": "00:02:04", "start": "00:01:59", "text": "on um Hollow Sim. He's been actually"}, {"end": "00:02:06", "start": "00:02:02", "text": "keeping the game alive um that as far as"}, {"end": "00:02:08", "start": "00:02:04", "text": "I can tell um just by following along in"}, {"end": "00:02:12", "start": "00:02:06", "text": "Discord. Um he made the presentation"}, {"end": "00:02:13", "start": "00:02:08", "text": "along with N Jose. Um Jose is our lore"}, {"end": "00:02:14", "start": "00:02:12", "text": "writer for Star Atlas who seems to be"}, {"end": "00:02:17", "start": "00:02:13", "text": "having a lot of fun actually creating"}, {"end": "00:02:19", "start": "00:02:14", "text": "the lore for this game. and I have been"}, {"end": "00:02:21", "start": "00:02:17", "text": "totally enjoying um following along with"}, {"end": "00:02:23", "start": "00:02:19", "text": "the lore um and reading it all to you"}, {"end": "00:02:26", "start": "00:02:21", "text": "guys. Um but the first part I actually"}, {"end": "00:02:29", "start": "00:02:23", "text": "was not reading a lot of the lore. There"}, {"end": "00:02:31", "start": "00:02:26", "text": "was actually a uh an AI voice who was"}, {"end": "00:02:35", "start": "00:02:29", "text": "the voice of Sage who was actually"}, {"end": "00:02:35", "start": "00:02:31", "text": "reading the lore to us."}, {"end": "00:02:47", "start": "00:02:43", "text": "And um with this new season one that's"}, {"end": "00:02:49", "start": "00:02:45", "text": "coming out um unlike season zero, season"}, {"end": "00:02:51", "start": "00:02:47", "text": "1 is going to have a whole cast I"}, {"end": "00:02:53", "start": "00:02:49", "text": "believe a whole cast of characters. Each"}, {"end": "00:02:54", "start": "00:02:51", "text": "each character um in the lore in the"}, {"end": "00:02:56", "start": "00:02:53", "text": "game um during the quests is going to"}, {"end": "00:02:58", "start": "00:02:54", "text": "have their own individual voice which"}, {"end": "00:03:00", "start": "00:02:56", "text": "will be a lot of fun to actually listen"}, {"end": "00:03:03", "start": "00:02:58", "text": "to. Um so I'm psyched about that cuz I"}, {"end": "00:03:06", "start": "00:03:00", "text": "love lore lore. Oh,"}, {"end": "00:03:08", "start": "00:03:03", "text": ">> now they said that the new season 1 of"}, {"end": "00:03:09", "start": "00:03:06", "text": "Hollow Sim um will start a new trend"}, {"end": "00:03:12", "start": "00:03:08", "text": "where everything is going to be broken"}, {"end": "00:03:15", "start": "00:03:09", "text": "down into both seasons and chapters. Um"}, {"end": "00:03:16", "start": "00:03:12", "text": "I I kind of think of it like Fortnite."}, {"end": "00:03:17", "start": "00:03:15", "text": "I'm sure a lot of different games do it,"}, {"end": "00:03:19", "start": "00:03:16", "text": "you know, but Fortnite has um the the"}, {"end": "00:03:21", "start": "00:03:17", "text": "larger hole of the season and then"}, {"end": "00:03:24", "start": "00:03:19", "text": "chapters within the season. Um so what"}, {"end": "00:03:26", "start": "00:03:21", "text": "did they say? They said that the seasons"}, {"end": "00:03:27", "start": "00:03:24", "text": "are going to be um in-game expansions."}, {"end": "00:03:29", "start": "00:03:26", "text": "Um they're going to be the whole new"}, {"end": "00:03:32", "start": "00:03:27", "text": "quests. it's going to be a whole huge"}, {"end": "00:03:34", "start": "00:03:29", "text": "new update um with new logistics. Um"}, {"end": "00:03:36", "start": "00:03:32", "text": "whereas chapters are going to be like"}, {"end": "00:03:38", "start": "00:03:34", "text": "big patches. Um they're going to be uh"}, {"end": "00:03:39", "start": "00:03:36", "text": "working on the game mechanics of the"}, {"end": "00:03:41", "start": "00:03:38", "text": "game, making sure everything is, you"}, {"end": "00:03:42", "start": "00:03:39", "text": "know, running smoothly and everything is"}, {"end": "00:03:44", "start": "00:03:41", "text": "polished and tweak anything that, you"}, {"end": "00:03:47", "start": "00:03:42", "text": "know, doesn't seem to be working um"}, {"end": "00:03:48", "start": "00:03:44", "text": "within the uh season as a whole. So,"}, {"end": "00:03:50", "start": "00:03:47", "text": "pretty cool, man. Pretty cool. All"}, {"end": "00:03:52", "start": "00:03:48", "text": "right. Now, um, we can jump into"}, {"end": "00:03:56", "start": "00:03:50", "text": "Hollowsim and kind of check out a little"}, {"end": "00:03:58", "start": "00:03:52", "text": "bit of a preview of the two major um,"}, {"end": "00:04:01", "start": "00:03:56", "text": "the major changes, the major features of"}, {"end": "00:04:02", "start": "00:03:58", "text": "this new season 1, chapter 1. Um, you"}, {"end": "00:04:04", "start": "00:04:01", "text": "can see right here that the previous"}, {"end": "00:04:05", "start": "00:04:02", "text": "season zero has ended. So, we're just"}, {"end": "00:04:07", "start": "00:04:04", "text": "going to click off of that and kind of"}, {"end": "00:04:09", "start": "00:04:05", "text": "jump in the game. And I've been really,"}, {"end": "00:04:11", "start": "00:04:07", "text": "really busy ever since the town halls"}, {"end": "00:04:12", "start": "00:04:09", "text": "and we had the uh, the Copa Awards and"}, {"end": "00:04:13", "start": "00:04:11", "text": "the Joanie Awards, you know, the"}, {"end": "00:04:16", "start": "00:04:12", "text": "community week, everything like that."}, {"end": "00:04:17", "start": "00:04:13", "text": "And I kind of stopped playing uh, Hollow"}, {"end": "00:04:19", "start": "00:04:16", "text": "Sim. jumped in a little bit here and"}, {"end": "00:04:21", "start": "00:04:17", "text": "there, but I've kind of stopped playing."}, {"end": "00:04:23", "start": "00:04:19", "text": "And part of the reason is um my main"}, {"end": "00:04:24", "start": "00:04:21", "text": "quests um I had I kind of came to a"}, {"end": "00:04:27", "start": "00:04:23", "text": "standstill. I didn't get to complete the"}, {"end": "00:04:30", "start": "00:04:24", "text": "game um because a bunch of my quests um"}, {"end": "00:04:31", "start": "00:04:27", "text": "are not supported anymore um by Star"}, {"end": "00:04:33", "start": "00:04:30", "text": "Atlas. So, you could still play actually"}, {"end": "00:04:34", "start": "00:04:31", "text": "play the game and have your fleets kind"}, {"end": "00:04:36", "start": "00:04:33", "text": "of move around and do their own thing."}, {"end": "00:04:37", "start": "00:04:34", "text": "Um get a little practice before um this"}, {"end": "00:04:39", "start": "00:04:36", "text": "Wednesday, at the time of making this"}, {"end": "00:04:41", "start": "00:04:37", "text": "video, this Wednesday's launch. Um, but"}, {"end": "00:04:43", "start": "00:04:39", "text": "you can still do a few things like you"}, {"end": "00:04:45", "start": "00:04:41", "text": "can um report for duty, you can get that"}, {"end": "00:04:47", "start": "00:04:43", "text": "daily quest, but um for the most part"}, {"end": "00:04:49", "start": "00:04:45", "text": "everything should be reset in this um"}, {"end": "00:04:51", "start": "00:04:47", "text": "new season 1 chapter one. So all my"}, {"end": "00:04:53", "start": "00:04:49", "text": "fleets are all going to be destroyed,"}, {"end": "00:04:54", "start": "00:04:51", "text": "but I might just keep on naming them"}, {"end": "00:04:56", "start": "00:04:53", "text": "funky things or even bring back some of"}, {"end": "00:05:00", "start": "00:04:54", "text": "the names that I really enjoy. Um I've"}, {"end": "00:05:02", "start": "00:04:56", "text": "enjoyed doing a a Gen X uh/ early"}, {"end": "00:05:04", "start": "00:05:00", "text": "millennial uh naming style um for uh"}, {"end": "00:05:07", "start": "00:05:02", "text": "basically pop culture and all my fleets."}, {"end": "00:05:09", "start": "00:05:04", "text": "But um I have been playing on as you can"}, {"end": "00:05:11", "start": "00:05:07", "text": "see right here. I think I will remain"}, {"end": "00:05:14", "start": "00:05:09", "text": "playing Oni because Oni is the underdog"}, {"end": "00:05:17", "start": "00:05:11", "text": "and I would hate to abandon them. Um is"}, {"end": "00:05:19", "start": "00:05:14", "text": "my main uh faction. I play in Starbased."}, {"end": "00:05:21", "start": "00:05:17", "text": "I love mysters. Um but I I I think I"}, {"end": "00:05:22", "start": "00:05:19", "text": "have to support Oni um going forward in"}, {"end": "00:05:26", "start": "00:05:21", "text": "Hollowosim because they're getting"}, {"end": "00:05:27", "start": "00:05:22", "text": "destroyed by both and Mud. If you are"}, {"end": "00:05:29", "start": "00:05:26", "text": "new to Star Atlas, there's three"}, {"end": "00:05:30", "start": "00:05:27", "text": "different factions. There is the Oni"}, {"end": "00:05:32", "start": "00:05:29", "text": "race that I just talked about. They are"}, {"end": "00:05:33", "start": "00:05:30", "text": "the alien race. There's multiple"}, {"end": "00:05:36", "start": "00:05:32", "text": "different alien races that make up the"}, {"end": "00:05:38", "start": "00:05:33", "text": "consortium of the Oni race. There's the"}, {"end": "00:05:40", "start": "00:05:36", "text": "sent sentient androids and there is the"}, {"end": "00:05:43", "start": "00:05:38", "text": "mud which are the human race and they're"}, {"end": "00:05:46", "start": "00:05:40", "text": "all battling for territorial control of"}, {"end": "00:05:48", "start": "00:05:43", "text": "the um the uh I guess this is the"}, {"end": "00:05:50", "start": "00:05:46", "text": "universe or the galaxy of Gallalia. Um"}, {"end": "00:05:52", "start": "00:05:48", "text": "so this is the area that we're all"}, {"end": "00:05:54", "start": "00:05:50", "text": "playing is named Galia and we're all"}, {"end": "00:05:56", "start": "00:05:52", "text": "fighting for terottorial control. Each"}, {"end": "00:05:59", "start": "00:05:54", "text": "one of these dots represents a different"}, {"end": "00:06:01", "start": "00:05:56", "text": "star base that um they all own and color"}, {"end": "00:06:04", "start": "00:05:59", "text": "coordinated being yellow, Oni being"}, {"end": "00:06:07", "start": "00:06:01", "text": "blue, and right here we can see the muds"}, {"end": "00:06:08", "start": "00:06:04", "text": "are red. If we zoom on in though, you"}, {"end": "00:06:11", "start": "00:06:07", "text": "can see this right here, this free"}, {"end": "00:06:13", "start": "00:06:08", "text": "harbors. This used to be on and it just"}, {"end": "00:06:16", "start": "00:06:11", "text": "got taken over by the darn oosters. The"}, {"end": "00:06:19", "start": "00:06:13", "text": "oosters love you, but oosters uh you"}, {"end": "00:06:21", "start": "00:06:16", "text": "know took over the uh on's um free"}, {"end": "00:06:23", "start": "00:06:19", "text": "harbor um area right here. They're the"}, {"end": "00:06:26", "start": "00:06:21", "text": "star base. So this is now owned. So,"}, {"end": "00:06:28", "start": "00:06:23", "text": "this is going to be a new um part of the"}, {"end": "00:06:30", "start": "00:06:26", "text": "gameplay going forward. Um so, once"}, {"end": "00:06:32", "start": "00:06:28", "text": "season 1 launches, um this will actually"}, {"end": "00:06:34", "start": "00:06:30", "text": "be part of the game right now. It's just"}, {"end": "00:06:35", "start": "00:06:32", "text": "kind of still in the beta, you know. Um"}, {"end": "00:06:38", "start": "00:06:34", "text": "but what we'll have to do is we're going"}, {"end": "00:06:40", "start": "00:06:35", "text": "to have to fight for control. And um as"}, {"end": "00:06:43", "start": "00:06:38", "text": "a base gets demolished, it's going to"}, {"end": "00:06:44", "start": "00:06:40", "text": "have um I believe SP and HP, which are"}, {"end": "00:06:47", "start": "00:06:43", "text": "ship points and hit points, I believe."}, {"end": "00:06:49", "start": "00:06:44", "text": "Um as those get um annihilated by"}, {"end": "00:06:50", "start": "00:06:47", "text": "another faction, let's say decides to"}, {"end": "00:06:53", "start": "00:06:49", "text": "come over here and try to take"}, {"end": "00:06:55", "start": "00:06:50", "text": "Everstorm. as that base gets destroyed,"}, {"end": "00:06:58", "start": "00:06:53", "text": "um the last faction to basically fire"}, {"end": "00:07:01", "start": "00:06:55", "text": "the hit on that base will take control."}, {"end": "00:07:02", "start": "00:06:58", "text": "So if Mud were both trying to battle and"}, {"end": "00:07:05", "start": "00:07:01", "text": "destroy Oni, like working together to"}, {"end": "00:07:07", "start": "00:07:02", "text": "destroy Oni, if uh Mud actually fired"}, {"end": "00:07:09", "start": "00:07:05", "text": "the last hit point on Everstorm, they"}, {"end": "00:07:10", "start": "00:07:07", "text": "would actually um gain control of"}, {"end": "00:07:12", "start": "00:07:09", "text": "Everstorm and then Uster would have to"}, {"end": "00:07:14", "start": "00:07:10", "text": "fight um to try to get it from Mud and"}, {"end": "00:07:16", "start": "00:07:12", "text": "Oni would have to fight to get it back."}, {"end": "00:07:18", "start": "00:07:14", "text": "Now, what's really interesting in this"}, {"end": "00:07:20", "start": "00:07:16", "text": "is that any fleets that are trapped in"}, {"end": "00:07:22", "start": "00:07:18", "text": "Everstorm um are or you know, like if"}, {"end": "00:07:24", "start": "00:07:20", "text": "your your Oni fleets were here in Fee"}, {"end": "00:07:27", "start": "00:07:22", "text": "Harbor and then Uster took it over, your"}, {"end": "00:07:30", "start": "00:07:24", "text": "fleets are now prisoners of war. They"}, {"end": "00:07:32", "start": "00:07:27", "text": "are now stuck in this base until ONI"}, {"end": "00:07:34", "start": "00:07:30", "text": "gets it um back under control and or"}, {"end": "00:07:35", "start": "00:07:32", "text": "they're there I guess indefinitely. We"}, {"end": "00:07:36", "start": "00:07:34", "text": "don't really know really how the"}, {"end": "00:07:38", "start": "00:07:35", "text": "logistics on that are going to work out."}, {"end": "00:07:39", "start": "00:07:36", "text": "I think the team is still kind of"}, {"end": "00:07:40", "start": "00:07:38", "text": "playing it out like how people feel"}, {"end": "00:07:41", "start": "00:07:39", "text": "about it and stuff like that. changes"}, {"end": "00:07:44", "start": "00:07:40", "text": "could be made in the future, but your"}, {"end": "00:07:46", "start": "00:07:41", "text": "fleets will be stuck there at this given"}, {"end": "00:07:49", "start": "00:07:44", "text": "time um until you gain control over that"}, {"end": "00:07:50", "start": "00:07:46", "text": "uh that base. Now, I I could see this"}, {"end": "00:07:52", "start": "00:07:49", "text": "changing if like, you know, like if I'm"}, {"end": "00:07:54", "start": "00:07:50", "text": "playing on and we get demolished from"}, {"end": "00:07:56", "start": "00:07:52", "text": "mud and oosters from two different sides"}, {"end": "00:07:57", "start": "00:07:54", "text": "and we're down to like almost nothing"}, {"end": "00:07:59", "start": "00:07:56", "text": "and a lot of people are really like"}, {"end": "00:08:00", "start": "00:07:57", "text": "desperate and then you know, like"}, {"end": "00:08:02", "start": "00:07:59", "text": "they're like screw this game, man. I"}, {"end": "00:08:03", "start": "00:08:00", "text": "lost all my fleets. You know, maybe they"}, {"end": "00:08:05", "start": "00:08:02", "text": "might change things that your fleets"}, {"end": "00:08:06", "start": "00:08:03", "text": "might be sent back and getting given a"}, {"end": "00:08:07", "start": "00:08:05", "text": "timeout or something like that in your"}, {"end": "00:08:08", "start": "00:08:06", "text": "central space station or towed back to"}, {"end": "00:08:10", "start": "00:08:07", "text": "your central space station, something"}, {"end": "00:08:12", "start": "00:08:08", "text": "like that. Um, but I kind of like the"}, {"end": "00:08:13", "start": "00:08:10", "text": "way they have it right now as as"}, {"end": "00:08:15", "start": "00:08:12", "text": "prisoners of war. So, we'll see how"}, {"end": "00:08:18", "start": "00:08:13", "text": "things all kind of play out, you know."}, {"end": "00:08:19", "start": "00:08:15", "text": "Um, the other thing that you will lose."}, {"end": "00:08:21", "start": "00:08:18", "text": "Um, so if I had any resources here,"}, {"end": "00:08:24", "start": "00:08:19", "text": "which I think I did, believe it or not,"}, {"end": "00:08:26", "start": "00:08:21", "text": "um, I think I had a whole bunch of uh"}, {"end": "00:08:28", "start": "00:08:24", "text": "possibly SDUs and I think I had because"}, {"end": "00:08:31", "start": "00:08:26", "text": "my my fleets were scanning for SDUs"}, {"end": "00:08:34", "start": "00:08:28", "text": "right here. I had um a bunch of uh uh"}, {"end": "00:08:36", "start": "00:08:31", "text": "food and fuel so I could like uh you"}, {"end": "00:08:39", "start": "00:08:34", "text": "know refuel up my scanning fleets. Well,"}, {"end": "00:08:40", "start": "00:08:36", "text": "all that is basically uh now either I"}, {"end": "00:08:42", "start": "00:08:39", "text": "can't remember if it's either held"}, {"end": "00:08:43", "start": "00:08:40", "text": "hostage until we get it back and or they"}, {"end": "00:08:45", "start": "00:08:42", "text": "actually gain all that those uh"}, {"end": "00:08:47", "start": "00:08:43", "text": "resources or if they're just burnt. I'm"}, {"end": "00:08:50", "start": "00:08:45", "text": "not too sure um how that all works just"}, {"end": "00:08:51", "start": "00:08:47", "text": "yet. But regardless, I cannot utilize"}, {"end": "00:08:54", "start": "00:08:50", "text": "any of those resources anymore. They're"}, {"end": "00:08:56", "start": "00:08:51", "text": "all trapped there in Free Harbor. So,"}, {"end": "00:08:58", "start": "00:08:54", "text": "that is one major change. And uh when I"}, {"end": "00:09:01", "start": "00:08:56", "text": "zoom out on this map, I can't really"}, {"end": "00:09:03", "start": "00:08:58", "text": "remember if Lumbik was right here u"}, {"end": "00:09:05", "start": "00:09:01", "text": "MRZ27. Is that or is that onie? Was this"}, {"end": "00:09:06", "start": "00:09:03", "text": "one taken over also? Uh, let me know in"}, {"end": "00:09:08", "start": "00:09:05", "text": "the comments below. I can't remember"}, {"end": "00:09:10", "start": "00:09:06", "text": "which one that which faction that one"}, {"end": "00:09:12", "start": "00:09:08", "text": "belonged to. Um, if it was on, I never"}, {"end": "00:09:14", "start": "00:09:10", "text": "flew out to it. And if it is part of the"}, {"end": "00:09:17", "start": "00:09:12", "text": "ster, I can't I don't really ever I"}, {"end": "00:09:18", "start": "00:09:14", "text": "never really utilized MRZ27. I"}, {"end": "00:09:21", "start": "00:09:17", "text": "definitely uh sat at some of these other"}, {"end": "00:09:23", "start": "00:09:18", "text": "ones quite a bit. MRZ28 is definitely"}, {"end": "00:09:25", "start": "00:09:21", "text": "like my baby and MRZ 21 I use all the"}, {"end": "00:09:26", "start": "00:09:23", "text": "time in uh when I'm playing Starbase."}, {"end": "00:09:28", "start": "00:09:25", "text": "Um, so yeah, I'm questionable about"}, {"end": "00:09:30", "start": "00:09:26", "text": "that. Actually, let's look right now."}, {"end": "00:09:32", "start": "00:09:28", "text": "Screw it. Let's go look. Oh, here we go."}, {"end": "00:09:33", "start": "00:09:30", "text": "So MRZ27. This is Starbase. So, this"}, {"end": "00:09:35", "start": "00:09:32", "text": "isn't hollow, but you can see it's the"}, {"end": "00:09:37", "start": "00:09:33", "text": "same map. Um, it doesn't have all the"}, {"end": "00:09:38", "start": "00:09:35", "text": "names of the um different star bases on"}, {"end": "00:09:41", "start": "00:09:37", "text": "this one. It's just numbered. Um, but we"}, {"end": "00:09:42", "start": "00:09:38", "text": "can see MRZ 27, which is Lach is"}, {"end": "00:09:44", "start": "00:09:41", "text": "actually part of the Easter faction. So,"}, {"end": "00:09:46", "start": "00:09:42", "text": "that one wasn't taken over. But, you can"}, {"end": "00:09:48", "start": "00:09:44", "text": "see like how similar the maps are when"}, {"end": "00:09:50", "start": "00:09:46", "text": "we go from one to the next. And the"}, {"end": "00:09:52", "start": "00:09:48", "text": "whole reason um for that is that this"}, {"end": "00:09:54", "start": "00:09:50", "text": "was originally designed as an onboarding"}, {"end": "00:09:57", "start": "00:09:52", "text": "agent to get people to start playing"}, {"end": "00:09:59", "start": "00:09:54", "text": "Hollow Sim to then bring them into"}, {"end": "00:10:02", "start": "00:09:57", "text": "playing um playing Starbase, the actual"}, {"end": "00:10:04", "start": "00:09:59", "text": "real game for Sage Starbase. real game"}, {"end": "00:10:05", "start": "00:10:02", "text": "for um Star Atlas. Um this is the one"}, {"end": "00:10:06", "start": "00:10:04", "text": "where you actually have to purchase"}, {"end": "00:10:07", "start": "00:10:05", "text": "assets, you have to purchase crew"}, {"end": "00:10:09", "start": "00:10:06", "text": "members, everything like that to play"}, {"end": "00:10:10", "start": "00:10:07", "text": "this game, whereas Hollow Sim is"}, {"end": "00:10:12", "start": "00:10:09", "text": "completely free to play. You just kind"}, {"end": "00:10:14", "start": "00:10:10", "text": "of jump in and start playing and have a"}, {"end": "00:10:16", "start": "00:10:12", "text": "good time. Um but um we'll go into it."}, {"end": "00:10:18", "start": "00:10:14", "text": "The team has decided that this is has"}, {"end": "00:10:20", "start": "00:10:16", "text": "been such a popular game that they're"}, {"end": "00:10:21", "start": "00:10:18", "text": "going to then um monetize this game so"}, {"end": "00:10:22", "start": "00:10:20", "text": "you can buy a battle pass for that."}, {"end": "00:10:26", "start": "00:10:21", "text": "We'll talk about that in just a second."}, {"end": "00:10:28", "start": "00:10:22", "text": "Um, so anyway, the other change that we"}, {"end": "00:10:29", "start": "00:10:26", "text": "have, the other big huge um change that"}, {"end": "00:10:33", "start": "00:10:28", "text": "we have going forward for chapter 1,"}, {"end": "00:10:34", "start": "00:10:29", "text": "season 1 is um a game mechanic where um"}, {"end": "00:10:37", "start": "00:10:33", "text": "if you had a whole entire supply chain"}, {"end": "00:10:38", "start": "00:10:34", "text": "of a whole bunch of um uh different"}, {"end": "00:10:41", "start": "00:10:37", "text": "cargo ships that were going back and"}, {"end": "00:10:43", "start": "00:10:38", "text": "forth to a certain area and they get"}, {"end": "00:10:45", "start": "00:10:41", "text": "destroyed in combat or something happens"}, {"end": "00:10:47", "start": "00:10:43", "text": "that they get destructed and sent back"}, {"end": "00:10:50", "start": "00:10:45", "text": "and you have a huge waiting game at your"}, {"end": "00:10:51", "start": "00:10:47", "text": "CSS. um they made a new change um that"}, {"end": "00:10:53", "start": "00:10:50", "text": "will help. But I think it'll just help"}, {"end": "00:10:55", "start": "00:10:51", "text": "all in general. Not only just um you"}, {"end": "00:10:57", "start": "00:10:53", "text": "know for losing ships, but just to make"}, {"end": "00:10:58", "start": "00:10:55", "text": "cargo shipments um so much better. And I"}, {"end": "00:11:01", "start": "00:10:57", "text": "hope they actually keep this change"}, {"end": "00:11:03", "start": "00:10:58", "text": "going forward um when we get C4, the new"}, {"end": "00:11:05", "start": "00:11:01", "text": "version of Sage Starbased coming out in"}, {"end": "00:11:06", "start": "00:11:03", "text": "the future. I know if you're new to Star"}, {"end": "00:11:07", "start": "00:11:05", "text": "Star Atlas, there's a lot of names here."}, {"end": "00:11:10", "start": "00:11:06", "text": "You just have to concentrate on Hollowos"}, {"end": "00:11:12", "start": "00:11:07", "text": "for this video. Um what we can do right"}, {"end": "00:11:14", "start": "00:11:10", "text": "here is um I'm going to have to remove"}, {"end": "00:11:16", "start": "00:11:12", "text": "my head in order for you guys to see"}, {"end": "00:11:18", "start": "00:11:14", "text": "this. Hey guys, man. I'm just going to"}, {"end": "00:11:19", "start": "00:11:16", "text": "pause the video just for one sec. If you"}, {"end": "00:11:21", "start": "00:11:18", "text": "are not subscribed, man, please do me a"}, {"end": "00:11:23", "start": "00:11:19", "text": "favor, man. Subscribe and hit that like"}, {"end": "00:11:24", "start": "00:11:21", "text": "button. It only takes you like 1 second."}, {"end": "00:11:25", "start": "00:11:23", "text": "And don't forget, we're going to be"}, {"end": "00:11:26", "start": "00:11:24", "text": "talking about all these cool rewards"}, {"end": "00:11:28", "start": "00:11:25", "text": "that you're going to get for playing"}, {"end": "00:11:29", "start": "00:11:26", "text": "Hollow Sim and this cool partnership"}, {"end": "00:11:30", "start": "00:11:28", "text": "that you're seeing right here on the"}, {"end": "00:11:32", "start": "00:11:29", "text": "screen in just a few minutes. Hang tight"}, {"end": "00:11:34", "start": "00:11:30", "text": "for the end of the video. Let's get back"}, {"end": "00:11:36", "start": "00:11:32", "text": "into it. Let's go. All right, there we"}, {"end": "00:11:38", "start": "00:11:34", "text": "go. All right, so let's just say we have"}, {"end": "00:11:40", "start": "00:11:36", "text": "a mining fleet and we're going to say um"}, {"end": "00:11:42", "start": "00:11:38", "text": "that they're mining here at Quebec,"}, {"end": "00:11:43", "start": "00:11:40", "text": "right? Um if we go to details, we can"}, {"end": "00:11:45", "start": "00:11:42", "text": "see our fleet would either be mining"}, {"end": "00:11:46", "start": "00:11:43", "text": "silica or luminite. Let's just say"}, {"end": "00:11:48", "start": "00:11:45", "text": "luminite. They're mining luminite right"}, {"end": "00:11:50", "start": "00:11:46", "text": "here at KMC at the MRZ29. And the"}, {"end": "00:11:52", "start": "00:11:48", "text": "fleet's just constantly stationary"}, {"end": "00:11:53", "start": "00:11:50", "text": "there. What they do is they mine. When"}, {"end": "00:11:55", "start": "00:11:52", "text": "they're done mining, the fleet um goes"}, {"end": "00:11:56", "start": "00:11:53", "text": "out and they dump everything into the"}, {"end": "00:11:58", "start": "00:11:55", "text": "in, you know, into the starbase"}, {"end": "00:12:00", "start": "00:11:56", "text": "inventory and you end up getting a whole"}, {"end": "00:12:03", "start": "00:11:58", "text": "bunch of luminite and it's all piling up"}, {"end": "00:12:06", "start": "00:12:00", "text": "here um you know at that star base."}, {"end": "00:12:08", "start": "00:12:03", "text": "Meanwhile, they need ammunition and food"}, {"end": "00:12:09", "start": "00:12:06", "text": "and fuel to keep on mining. Correct. So"}, {"end": "00:12:11", "start": "00:12:08", "text": "those are going to be constantly"}, {"end": "00:12:13", "start": "00:12:09", "text": "depleted while Illuminite's piling up."}, {"end": "00:12:15", "start": "00:12:11", "text": "So, what you do is the new um thing that"}, {"end": "00:12:17", "start": "00:12:13", "text": "they have for season 1 chapter 1 is"}, {"end": "00:12:19", "start": "00:12:15", "text": "let's use Charlie Brown as an example."}, {"end": "00:12:22", "start": "00:12:17", "text": "Um we'll go to my Charlie Brown fleet"}, {"end": "00:12:24", "start": "00:12:19", "text": "here and we're going to um enable the"}, {"end": "00:12:26", "start": "00:12:22", "text": "route and we're under transport right"}, {"end": "00:12:27", "start": "00:12:24", "text": "here. So, we can fill all this out. We"}, {"end": "00:12:30", "start": "00:12:26", "text": "didn't have all these cool details that"}, {"end": "00:12:31", "start": "00:12:27", "text": "we can fill out before. So, um it's a"}, {"end": "00:12:34", "start": "00:12:30", "text": "transport fleet and what we're going to"}, {"end": "00:12:36", "start": "00:12:31", "text": "do is where is it going to be um where's"}, {"end": "00:12:38", "start": "00:12:34", "text": "its main source? Well, most people use"}, {"end": "00:12:41", "start": "00:12:36", "text": "the oni CSS, but um if you have"}, {"end": "00:12:42", "start": "00:12:38", "text": "different um uh supply chains, you might"}, {"end": "00:12:44", "start": "00:12:41", "text": "want it to go to a different place. Like"}, {"end": "00:12:45", "start": "00:12:42", "text": "maybe you have a whole bunch of crafters"}, {"end": "00:12:47", "start": "00:12:44", "text": "that are crafting something over here at"}, {"end": "00:12:48", "start": "00:12:45", "text": "the perpetual belt. So, you might want"}, {"end": "00:12:52", "start": "00:12:47", "text": "to type that in here. But we're going to"}, {"end": "00:12:53", "start": "00:12:48", "text": "use the CSS, which is Nuno for um this"}, {"end": "00:12:56", "start": "00:12:52", "text": "example. So, we're just going to program"}, {"end": "00:12:58", "start": "00:12:53", "text": "that in there. Um now, the uh mining"}, {"end": "00:12:59", "start": "00:12:56", "text": "location, where are they mining? Well,"}, {"end": "00:13:02", "start": "00:12:58", "text": "we just said in KC. So, we're going to"}, {"end": "00:13:04", "start": "00:12:59", "text": "hit that right here. Um so, my mining"}, {"end": "00:13:04", "start": "00:13:02", "text": "fleets are piling up that luminite"}, {"end": "00:13:07", "start": "00:13:04", "text": "there. We're going to have to get that"}, {"end": "00:13:10", "start": "00:13:04", "text": "luminite out. Now, we can keep this auto"}, {"end": "00:13:12", "start": "00:13:07", "text": "resupply food, fuel, ammo, and tool kits"}, {"end": "00:13:13", "start": "00:13:10", "text": "clicked on all the time. And I guess"}, {"end": "00:13:16", "start": "00:13:12", "text": "that it uses like an internal"}, {"end": "00:13:18", "start": "00:13:13", "text": "intelligence programmed into the game"}, {"end": "00:13:21", "start": "00:13:16", "text": "that if I want to constantly top off and"}, {"end": "00:13:22", "start": "00:13:18", "text": "have 100,000, let's say, you can choose"}, {"end": "00:13:26", "start": "00:13:21", "text": "whatever number you want, but I'm going"}, {"end": "00:13:28", "start": "00:13:22", "text": "to say 100,000 of each one of these in"}, {"end": "00:13:30", "start": "00:13:26", "text": "there at all times. Oops, that's a"}, {"end": "00:13:32", "start": "00:13:28", "text": "million. 100,000. That my transport"}, {"end": "00:13:34", "start": "00:13:30", "text": "fleet will be intelligent enough to know"}, {"end": "00:13:37", "start": "00:13:32", "text": "how much to grab. So, if it's say 20,000"}, {"end": "00:13:39", "start": "00:13:34", "text": "is depleted of fuel and 10 of food and"}, {"end": "00:13:41", "start": "00:13:37", "text": "ammo, well, my transport ship will"}, {"end": "00:13:43", "start": "00:13:39", "text": "constantly be grabbing just enough the"}, {"end": "00:13:45", "start": "00:13:41", "text": "20,000 10 and 10 to keep that topped off"}, {"end": "00:13:46", "start": "00:13:43", "text": "at 100,000 at all times. And maybe I"}, {"end": "00:13:47", "start": "00:13:45", "text": "want a little, you know, some tool kits"}, {"end": "00:13:49", "start": "00:13:46", "text": "just for the heck of it there at all"}, {"end": "00:13:51", "start": "00:13:47", "text": "times. Um, in case I get in combat, I"}, {"end": "00:13:52", "start": "00:13:49", "text": "could always like, you know, heal up my"}, {"end": "00:13:54", "start": "00:13:51", "text": "ships and go to KC. So, we'll put a"}, {"end": "00:13:56", "start": "00:13:52", "text": "little, you know, some tool kits there"}, {"end": "00:13:59", "start": "00:13:54", "text": "at all times, too, right? Um, then auto"}, {"end": "00:14:01", "start": "00:13:56", "text": "backhall mind resources. So, what the"}, {"end": "00:14:03", "start": "00:13:59", "text": "ship the the game is intelligent enough"}, {"end": "00:14:06", "start": "00:14:01", "text": "to know that we're mining um luminite"}, {"end": "00:14:07", "start": "00:14:03", "text": "here at this one site. So, the the"}, {"end": "00:14:09", "start": "00:14:06", "text": "transport fleet, Charlie Brown's fleet,"}, {"end": "00:14:11", "start": "00:14:07", "text": "will grab all the luminite it can fit in"}, {"end": "00:14:13", "start": "00:14:09", "text": "its cargo hold and bring it back to Nuno"}, {"end": "00:14:14", "start": "00:14:11", "text": "and it'll store it right there where my"}, {"end": "00:14:16", "start": "00:14:13", "text": "crafters then can craft it into"}, {"end": "00:14:18", "start": "00:14:14", "text": "something else, which is pretty cool."}, {"end": "00:14:21", "start": "00:14:16", "text": "Now, you can turn that off if you want."}, {"end": "00:14:24", "start": "00:14:18", "text": "And if you turn that off, um you can"}, {"end": "00:14:26", "start": "00:14:21", "text": "actually um customize what you want to"}, {"end": "00:14:28", "start": "00:14:24", "text": "bring back. Like, uh for instance, I"}, {"end": "00:14:29", "start": "00:14:26", "text": "can't remember. I think maybe maybe"}, {"end": "00:14:31", "start": "00:14:28", "text": "power sources use luminite, but we'll"}, {"end": "00:14:32", "start": "00:14:29", "text": "use that example. Say you have some"}, {"end": "00:14:33", "start": "00:14:31", "text": "crafters that are taking that luminite"}, {"end": "00:14:35", "start": "00:14:32", "text": "and you're crafting them into power"}, {"end": "00:14:38", "start": "00:14:33", "text": "sources. So, you can have your ship then"}, {"end": "00:14:39", "start": "00:14:35", "text": "um grab power sources and then any extra"}, {"end": "00:14:43", "start": "00:14:38", "text": "luminite, you know, like let's just say"}, {"end": "00:14:44", "start": "00:14:39", "text": "it has a whole bunch of uh uh there we"}, {"end": "00:14:46", "start": "00:14:43", "text": "go, a bunch of luminite left over right"}, {"end": "00:14:48", "start": "00:14:44", "text": "there. And then maybe you have some uh"}, {"end": "00:14:51", "start": "00:14:46", "text": "guys that are scanning for some uh SDUs,"}, {"end": "00:14:53", "start": "00:14:48", "text": "right? So, uh SDUs too. So, you know,"}, {"end": "00:14:54", "start": "00:14:51", "text": "you can program like all sorts of like"}, {"end": "00:14:56", "start": "00:14:53", "text": "up to four items right here. for what"}, {"end": "00:14:58", "start": "00:14:54", "text": "you want your cargo ship to like go back"}, {"end": "00:15:00", "start": "00:14:56", "text": "and forth. Uh so I think that's man I"}, {"end": "00:15:02", "start": "00:14:58", "text": "think that's killer. Absolutely killer."}, {"end": "00:15:04", "start": "00:15:00", "text": "Now the other two notable things that at"}, {"end": "00:15:07", "start": "00:15:02", "text": "least I can remember um them saying is"}, {"end": "00:15:09", "start": "00:15:04", "text": "that um crew is not going to be just you"}, {"end": "00:15:10", "start": "00:15:07", "text": "know logging in and getting crew. It's"}, {"end": "00:15:12", "start": "00:15:09", "text": "going to be more favored to the people"}, {"end": "00:15:13", "start": "00:15:10", "text": "that play the game every single day. And"}, {"end": "00:15:15", "start": "00:15:12", "text": "I think that there's going to be they"}, {"end": "00:15:17", "start": "00:15:13", "text": "said a reward boost that if you log in"}, {"end": "00:15:19", "start": "00:15:15", "text": "five times in a row like five different"}, {"end": "00:15:21", "start": "00:15:17", "text": "consecutive days in a row that you will"}, {"end": "00:15:23", "start": "00:15:19", "text": "get a boo some type of uh boost whether"}, {"end": "00:15:24", "start": "00:15:21", "text": "it's crew or zlas that you play the game"}, {"end": "00:15:26", "start": "00:15:23", "text": "with. um one of the two you're going to"}, {"end": "00:15:28", "start": "00:15:24", "text": "get like a little uh boost for that. And"}, {"end": "00:15:30", "start": "00:15:26", "text": "what did I take some notes on? Uh oh, um"}, {"end": "00:15:32", "start": "00:15:28", "text": "some new ships should be added to the"}, {"end": "00:15:33", "start": "00:15:30", "text": "game, you know, fingers crossed cuz it's"}, {"end": "00:15:35", "start": "00:15:32", "text": "uh you know, it's it's fun playing with"}, {"end": "00:15:37", "start": "00:15:33", "text": "what we already played in the beta um"}, {"end": "00:15:38", "start": "00:15:35", "text": "season zero, but it'll be fun to"}, {"end": "00:15:40", "start": "00:15:37", "text": "actually see a couple more different"}, {"end": "00:15:42", "start": "00:15:38", "text": "ships from Star Atlas added to the game"}, {"end": "00:15:45", "start": "00:15:40", "text": "for sure that we can craft. So, I have"}, {"end": "00:15:47", "start": "00:15:42", "text": "some notes on um what I took for um how"}, {"end": "00:15:48", "start": "00:15:45", "text": "they're going to monetize the game,"}, {"end": "00:15:51", "start": "00:15:47", "text": "which is pretty cool because um any way"}, {"end": "00:15:52", "start": "00:15:48", "text": "that um we can keep funding um Automata,"}, {"end": "00:15:54", "start": "00:15:51", "text": "the people creating these games. This is"}, {"end": "00:15:55", "start": "00:15:52", "text": "awesome. And also um since it's free to"}, {"end": "00:15:57", "start": "00:15:54", "text": "play, you know, they're keeping this"}, {"end": "00:15:59", "start": "00:15:55", "text": "blockchain going cuz this is all"}, {"end": "00:16:01", "start": "00:15:57", "text": "actually on the blockchain, everything"}, {"end": "00:16:03", "start": "00:15:59", "text": "that we're playing. And I believe this"}, {"end": "00:16:06", "start": "00:16:01", "text": "is running on the cloned version of"}, {"end": "00:16:08", "start": "00:16:03", "text": "Salana that we shall be getting um in"}, {"end": "00:16:11", "start": "00:16:06", "text": "December. So, I think as far as I know,"}, {"end": "00:16:13", "start": "00:16:08", "text": "what we're playing um Hollow Sim on is"}, {"end": "00:16:14", "start": "00:16:11", "text": "the new blockchain that is called Zinc."}, {"end": "00:16:16", "start": "00:16:13", "text": "And I already did a video. My last video"}, {"end": "00:16:18", "start": "00:16:14", "text": "was talking all about that. Um so, here"}, {"end": "00:16:20", "start": "00:16:16", "text": "we go. So, it says um there's going to"}, {"end": "00:16:23", "start": "00:16:18", "text": "be a battle pass and there's no crypto"}, {"end": "00:16:24", "start": "00:16:20", "text": "needed in order to buy the battle pass."}, {"end": "00:16:25", "start": "00:16:23", "text": "Although, there could be an option that"}, {"end": "00:16:27", "start": "00:16:24", "text": "we could buy it through crypto if we"}, {"end": "00:16:29", "start": "00:16:25", "text": "want to. But, as of now, you will be"}, {"end": "00:16:30", "start": "00:16:27", "text": "purchasing this through a credit card"}, {"end": "00:16:32", "start": "00:16:29", "text": "through Stripe, through the payment um"}, {"end": "00:16:35", "start": "00:16:30", "text": "system called Stripe. Um and the battle"}, {"end": "00:16:38", "start": "00:16:32", "text": "pass gives you cosmetic rewards. It"}, {"end": "00:16:39", "start": "00:16:35", "text": "gives you a bonus to the daily rewards."}, {"end": "00:16:41", "start": "00:16:38", "text": "Um, you won't have to play all the"}, {"end": "00:16:42", "start": "00:16:39", "text": "gaming loops. You can actually decide"}, {"end": "00:16:44", "start": "00:16:41", "text": "which gaming loop you want to play at"}, {"end": "00:16:46", "start": "00:16:42", "text": "which um certain point. Um, which is"}, {"end": "00:16:47", "start": "00:16:44", "text": "kind of cool. Um, so if you don't have"}, {"end": "00:16:48", "start": "00:16:46", "text": "enough time to play the game, you just"}, {"end": "00:16:50", "start": "00:16:47", "text": "kind of you want to play the game, but"}, {"end": "00:16:51", "start": "00:16:48", "text": "you want to play it in your own way and"}, {"end": "00:16:53", "start": "00:16:50", "text": "uh just kind of, you know, enjoy all the"}, {"end": "00:16:54", "start": "00:16:51", "text": "aspects of the game without having to"}, {"end": "00:16:56", "start": "00:16:53", "text": "grind, you know, this this battle pass"}, {"end": "00:16:58", "start": "00:16:54", "text": "is definitely for you. Um, and it also"}, {"end": "00:17:00", "start": "00:16:56", "text": "lets you skip, I believe, the daily 5day"}, {"end": "00:17:02", "start": "00:16:58", "text": "login to get those special rewards."}, {"end": "00:17:04", "start": "00:17:00", "text": "You'll automatically get them without"}, {"end": "00:17:05", "start": "00:17:02", "text": "having to log in every 5 days. Um, now"}, {"end": "00:17:07", "start": "00:17:04", "text": "they said that if you plan on grinding,"}, {"end": "00:17:09", "start": "00:17:05", "text": "you you don't necessarily need the"}, {"end": "00:17:10", "start": "00:17:07", "text": "battle pass. You should be able to get"}, {"end": "00:17:12", "start": "00:17:09", "text": "everything that you need just by like"}, {"end": "00:17:13", "start": "00:17:10", "text": "every day grinding, you know, spending,"}, {"end": "00:17:14", "start": "00:17:12", "text": "you know, making sure that all your"}, {"end": "00:17:16", "start": "00:17:13", "text": "fleets are running at all all times and"}, {"end": "00:17:18", "start": "00:17:14", "text": "they're running at their absolute most"}, {"end": "00:17:19", "start": "00:17:16", "text": "efficient way possible. Um, you're"}, {"end": "00:17:21", "start": "00:17:18", "text": "taking place in all, you know, all the"}, {"end": "00:17:22", "start": "00:17:19", "text": "different quests and, you know, battling"}, {"end": "00:17:24", "start": "00:17:21", "text": "for your faction to keep all the star"}, {"end": "00:17:26", "start": "00:17:22", "text": "bases alive. You should be all set"}, {"end": "00:17:28", "start": "00:17:24", "text": "without the battle pass, I believe. Um,"}, {"end": "00:17:31", "start": "00:17:26", "text": "now we talked about rewards. Um,"}, {"end": "00:17:33", "start": "00:17:28", "text": "archetype right here. Um, he is one of"}, {"end": "00:17:35", "start": "00:17:31", "text": "the devs. He's one of the the big"}, {"end": "00:17:37", "start": "00:17:33", "text": "artists um for at least for marketing"}, {"end": "00:17:39", "start": "00:17:35", "text": "for Star Atlas. Um he you know posted"}, {"end": "00:17:41", "start": "00:17:37", "text": "right here need and I totally agree. Um"}, {"end": "00:17:43", "start": "00:17:39", "text": "there is a huge partnership with"}, {"end": "00:17:46", "start": "00:17:41", "text": "Soulflare um where Soulflare is going to"}, {"end": "00:17:50", "start": "00:17:43", "text": "be giving out a ton of rewards for us um"}, {"end": "00:17:51", "start": "00:17:46", "text": "who play hollow sim which is killer. So"}, {"end": "00:17:53", "start": "00:17:50", "text": "I think that this partnership is"}, {"end": "00:17:54", "start": "00:17:51", "text": "absolutely huge. Um so what Soulflare is"}, {"end": "00:17:56", "start": "00:17:53", "text": "going to go I have the Soulflare wallet"}, {"end": "00:17:58", "start": "00:17:54", "text": "right here. Let me see. I have to log"}, {"end": "00:18:01", "start": "00:17:56", "text": "in. Hold on. I use the Soulflare wallet"}, {"end": "00:18:03", "start": "00:17:58", "text": "non-stop because I'm actually running um"}, {"end": "00:18:05", "start": "00:18:01", "text": "my slide tool to run Starbased um the"}, {"end": "00:18:06", "start": "00:18:03", "text": "Starbase game through the Soulflare"}, {"end": "00:18:08", "start": "00:18:05", "text": "wallet. Um so it's constantly being"}, {"end": "00:18:10", "start": "00:18:06", "text": "used. Um but you can see that they put"}, {"end": "00:18:11", "start": "00:18:08", "text": "banners um on the actual wallet itself."}, {"end": "00:18:12", "start": "00:18:10", "text": "So every time you log into the wallet,"}, {"end": "00:18:13", "start": "00:18:11", "text": "you're going to see this banner right"}, {"end": "00:18:16", "start": "00:18:12", "text": "here. Well, you're going to actually see"}, {"end": "00:18:18", "start": "00:18:13", "text": "one for Star Atlas. It's going to be"}, {"end": "00:18:21", "start": "00:18:16", "text": "basically like play uh play Hollow Sim"}, {"end": "00:18:23", "start": "00:18:18", "text": "um through Star Atlas and get rewards"}, {"end": "00:18:24", "start": "00:18:21", "text": "sponsored by Soulflare. I'm guessing"}, {"end": "00:18:26", "start": "00:18:23", "text": "it'll say something like that, you know,"}, {"end": "00:18:27", "start": "00:18:24", "text": "which is pretty cool. So there's uh you"}, {"end": "00:18:28", "start": "00:18:26", "text": "know they have a couple different"}, {"end": "00:18:29", "start": "00:18:27", "text": "rewards and they this credit card"}, {"end": "00:18:31", "start": "00:18:28", "text": "actually looks pretty juicy. I actually"}, {"end": "00:18:32", "start": "00:18:29", "text": "signed up for this credit card also. Um"}, {"end": "00:18:34", "start": "00:18:31", "text": "so way to go Soulflare with all the"}, {"end": "00:18:35", "start": "00:18:32", "text": "stuff that you are putting out and I'm"}, {"end": "00:18:37", "start": "00:18:34", "text": "super happy to have you guys as a"}, {"end": "00:18:39", "start": "00:18:35", "text": "partner with Star Atlas. It's awesome."}, {"end": "00:18:40", "start": "00:18:37", "text": "Um but let's let's just kind of read"}, {"end": "00:18:42", "start": "00:18:39", "text": "through this right here. It says,"}, {"end": "00:18:43", "start": "00:18:40", "text": "\"Explore Star Atlas in style and get"}, {"end": "00:18:46", "start": "00:18:42", "text": "rewarded for it. Holim season 1 chapter"}, {"end": "00:18:48", "start": "00:18:43", "text": "1 launches August 20th.\" Um and then it"}, {"end": "00:18:49", "start": "00:18:46", "text": "is linked to the Star Atlas link and it"}, {"end": "00:18:51", "start": "00:18:48", "text": "says, \"Introducing Holim, the"}, {"end": "00:18:54", "start": "00:18:49", "text": "free-to-play browser space strategy game"}, {"end": "00:18:56", "start": "00:18:51", "text": "from Star Atlas. No wallet needed unless"}, {"end": "00:18:58", "start": "00:18:54", "text": "you win rewards. Chapter one, uh, season"}, {"end": "00:18:59", "start": "00:18:56", "text": "1 chapter 1 launches August 20th in"}, {"end": "00:19:00", "start": "00:18:58", "text": "partnership with Soulflare. And let's"}, {"end": "00:19:02", "start": "00:18:59", "text": "like blow up this graphic right here cuz"}, {"end": "00:19:04", "start": "00:19:00", "text": "this is crazy. The rewards. Um, so"}, {"end": "00:19:06", "start": "00:19:02", "text": "there's going to be leaderboard rewards."}, {"end": "00:19:09", "start": "00:19:04", "text": "The top 1,500 players in Holos Sim"}, {"end": "00:19:12", "start": "00:19:06", "text": "leaderboard gets USDC. You get cash for"}, {"end": "00:19:13", "start": "00:19:09", "text": "just for playing Holosim. What? And uh,"}, {"end": "00:19:16", "start": "00:19:12", "text": "yeah, if we look over here, Hollowos,"}, {"end": "00:19:19", "start": "00:19:13", "text": "let's just jump back. Um, I was number"}, {"end": "00:19:20", "start": "00:19:16", "text": "91 on the global rank, which like I came"}, {"end": "00:19:22", "start": "00:19:19", "text": "in pretty late and I was able to get to"}, {"end": "00:19:24", "start": "00:19:20", "text": "91. So, don't think that you can't get"}, {"end": "00:19:26", "start": "00:19:22", "text": "1,500, you know, like you should be able"}, {"end": "00:19:30", "start": "00:19:24", "text": "to do that, right? So, let's jump back"}, {"end": "00:19:33", "start": "00:19:26", "text": "in. So, first gets 300 USDC plus an"}, {"end": "00:19:34", "start": "00:19:30", "text": "Armstrong imp tap. Um, I mean, that's"}, {"end": "00:19:36", "start": "00:19:33", "text": "going for um at least I think it's"}, {"end": "00:19:38", "start": "00:19:34", "text": "usually around 300 bucks or so. So, you"}, {"end": "00:19:40", "start": "00:19:36", "text": "like that's $600 in rewards right there."}, {"end": "00:19:42", "start": "00:19:38", "text": "Plus five platinum crew packs. Uh,"}, {"end": "00:19:44", "start": "00:19:40", "text": "platinum crew packs I think are 50 bucks"}, {"end": "00:19:48", "start": "00:19:42", "text": "each. So, there's another 250 bucks."}, {"end": "00:19:51", "start": "00:19:44", "text": "Plus 0.2 Salana and uh what is that?"}, {"end": "00:19:52", "start": "00:19:48", "text": "Let's look. Uh, let's see. So, it's only"}, {"end": "00:19:54", "start": "00:19:51", "text": "$3.73,"}, {"end": "00:19:57", "start": "00:19:52", "text": "but it's still free money, right? Free"}, {"end": "00:19:58", "start": "00:19:54", "text": "money. Um, so let's see. So, then that's"}, {"end": "00:20:01", "start": "00:19:57", "text": "a lot of rewards, by the way. Second"}, {"end": "00:20:02", "start": "00:19:58", "text": "place gets um 200 USDC plus the"}, {"end": "00:20:06", "start": "00:20:01", "text": "Armstrong tip that we just talked about,"}, {"end": "00:20:09", "start": "00:20:02", "text": "plus three $50 Platinum Crew, five five"}, {"end": "00:20:11", "start": "00:20:06", "text": "card crew packs, plus the U 02 Salana."}, {"end": "00:20:13", "start": "00:20:09", "text": "Third place gets 150 USDC, plus this"}, {"end": "00:20:15", "start": "00:20:11", "text": "Calco Scud, which is a pretty expensive"}, {"end": "00:20:18", "start": "00:20:13", "text": "ship cuz it's rare. It's usually over"}, {"end": "00:20:19", "start": "00:20:15", "text": "100 bucks, plus two platinum five crew"}, {"end": "00:20:22", "start": "00:20:18", "text": "packs. That's another 100 bucks right"}, {"end": "00:20:24", "start": "00:20:19", "text": "there. plus the 002 Salana. Um 4th"}, {"end": "00:20:27", "start": "00:20:22", "text": "through 10th gets 100 USDC plus a calico"}, {"end": "00:20:28", "start": "00:20:24", "text": "maxhog. Usually max hogs are between um"}, {"end": "00:20:31", "start": "00:20:27", "text": "they usually a lot of times they run"}, {"end": "00:20:33", "start": "00:20:28", "text": "between 25 and 30 bucks. Um and two gold"}, {"end": "00:20:35", "start": "00:20:31", "text": "five crew packs. Those I think are for"}, {"end": "00:20:38", "start": "00:20:33", "text": "sale for like 37 bucks or something like"}, {"end": "00:20:42", "start": "00:20:35", "text": "that on the Starless marketplace and 002"}, {"end": "00:20:46", "start": "00:20:38", "text": "Salana 11th through 50 50th place gets"}, {"end": "00:20:48", "start": "00:20:42", "text": "5050 USDC uh Visa Solos which is the"}, {"end": "00:20:50", "start": "00:20:46", "text": "ship that you're seeing right here and a"}, {"end": "00:20:53", "start": "00:20:48", "text": "silver five crew card pack. Those are"}, {"end": "00:20:56", "start": "00:20:50", "text": "$25 I believe on the on the marketplace"}, {"end": "00:21:00", "start": "00:20:53", "text": "and plus the 02 Salana 51st through uh"}, {"end": "00:21:03", "start": "00:20:56", "text": "500th gets five USDC so you still make"}, {"end": "00:21:05", "start": "00:21:00", "text": "five bucks. You get a silver one card"}, {"end": "00:21:06", "start": "00:21:03", "text": "crew pack. That's a I think a silver is"}, {"end": "00:21:09", "start": "00:21:05", "text": "five bucks also. So you get 10 bucks"}, {"end": "00:21:11", "start": "00:21:06", "text": "right there plus the 02 Salana. So"}, {"end": "00:21:12", "start": "00:21:09", "text": "overall that's like you know I'm sure"}, {"end": "00:21:14", "start": "00:21:11", "text": "Salana will be up by I know Salana will"}, {"end": "00:21:16", "start": "00:21:12", "text": "be up but let's just call it like you'll"}, {"end": "00:21:17", "start": "00:21:14", "text": "get at least 14 bucks just all you have"}, {"end": "00:21:19", "start": "00:21:16", "text": "to do is get into the 500th in the"}, {"end": "00:21:21", "start": "00:21:17", "text": "leaderboard. You're going to get a free"}, {"end": "00:21:24", "start": "00:21:19", "text": "14 bucks worth of stuff. That is I mean"}, {"end": "00:21:26", "start": "00:21:21", "text": "thank you so much you know Soulflare and"}, {"end": "00:21:29", "start": "00:21:24", "text": "uh you know Star Atlas. Uh this is"}, {"end": "00:21:30", "start": "00:21:26", "text": "awesome. I do have to say Star Atlas is"}, {"end": "00:21:33", "start": "00:21:29", "text": "partnered with Soulflare. They're the"}, {"end": "00:21:34", "start": "00:21:30", "text": "ones giving out all the assets. So, I'm"}, {"end": "00:21:36", "start": "00:21:33", "text": "sorry I didn't say that earlier, but all"}, {"end": "00:21:39", "start": "00:21:34", "text": "the assets are from Star Atlas and all"}, {"end": "00:21:41", "start": "00:21:36", "text": "the actual loot is from Soulflare. So,"}, {"end": "00:21:43", "start": "00:21:39", "text": "all the ships, any of the ships in crew"}, {"end": "00:21:46", "start": "00:21:41", "text": "packs are from um Star Atlas. It's"}, {"end": "00:21:49", "start": "00:21:43", "text": "amazing uh amazing stuff right here. And"}, {"end": "00:21:52", "start": "00:21:46", "text": "finally, um 5001st to um the 15th 100th"}, {"end": "00:21:54", "start": "00:21:49", "text": "place, you'll get one buck plus 02"}, {"end": "00:21:56", "start": "00:21:52", "text": "Salana, which is still like probably"}, {"end": "00:21:57", "start": "00:21:54", "text": "close to five bucks just for playing the"}, {"end": "00:21:59", "start": "00:21:56", "text": "game. So pretty much, you know, I"}, {"end": "00:22:00", "start": "00:21:57", "text": "imagine most people if they even just"}, {"end": "00:22:03", "start": "00:21:59", "text": "log in and do a little bit, they're"}, {"end": "00:22:06", "start": "00:22:00", "text": "going to be in 1,500th place unless"}, {"end": "00:22:07", "start": "00:22:03", "text": "Hollow Sim just blows, you know, blows"}, {"end": "00:22:08", "start": "00:22:06", "text": "uh the roof off the place and we get so"}, {"end": "00:22:11", "start": "00:22:07", "text": "many players. So fingers crossed"}, {"end": "00:22:13", "start": "00:22:08", "text": "actually that happens for for for real."}, {"end": "00:22:15", "start": "00:22:11", "text": "Um so hold on. Well, let me look at some"}, {"end": "00:22:17", "start": "00:22:13", "text": "notes real fast. Yep. So here is the"}, {"end": "00:22:19", "start": "00:22:15", "text": "total. So, it's going to be um given"}, {"end": "00:22:23", "start": "00:22:17", "text": "away for this whole entire campaign is"}, {"end": "00:22:27", "start": "00:22:19", "text": "50 Salana 50 Salana tokens. Um 500 or"}, {"end": "00:22:30", "start": "00:22:23", "text": "$5,000 in stable coins and $5,000 in"}, {"end": "00:22:31", "start": "00:22:27", "text": "game assets total. Woo!"}, {"end": "00:22:33", "start": "00:22:30", "text": "Oh my gosh, I almost forgot to talk"}, {"end": "00:22:34", "start": "00:22:31", "text": "about the second way that you can earn."}, {"end": "00:22:37", "start": "00:22:33", "text": "Look at this, man. There's two ways to"}, {"end": "00:22:38", "start": "00:22:34", "text": "earn um the completionist bundle. Um the"}, {"end": "00:22:40", "start": "00:22:37", "text": "first 10,000 people to complete the"}, {"end": "00:22:43", "start": "00:22:38", "text": "quest line will get a welcome bundle."}, {"end": "00:22:44", "start": "00:22:40", "text": "This bundle includes a Visa Solos. This"}, {"end": "00:22:46", "start": "00:22:43", "text": "ship right here that you're seeing right"}, {"end": "00:22:49", "start": "00:22:44", "text": "here, a Soulflare Visa Solo ship skin."}, {"end": "00:22:52", "start": "00:22:46", "text": "So, you get this killer Soulflare skin"}, {"end": "00:22:54", "start": "00:22:49", "text": "plus 0.02 soul each. So, you want to"}, {"end": "00:22:56", "start": "00:22:52", "text": "actually be the f one of the first"}, {"end": "00:22:58", "start": "00:22:54", "text": "10,000 people to get this juicy, juicy"}, {"end": "00:23:01", "start": "00:22:56", "text": "skin right here. Love it. Love it. Love"}, {"end": "00:23:04", "start": "00:22:58", "text": "it. So, guys, man, make sure you, you"}, {"end": "00:23:05", "start": "00:23:01", "text": "know, start playing on August 20th. Uh,"}, {"end": "00:23:06", "start": "00:23:04", "text": "let me know what you guys think about"}, {"end": "00:23:07", "start": "00:23:05", "text": "this whole entire thing. Are you, you"}, {"end": "00:23:09", "start": "00:23:06", "text": "know, psyched? Are you? I'm psyched,"}, {"end": "00:23:10", "start": "00:23:07", "text": "man. I hope you guys are psyched. Uh,"}, {"end": "00:23:13", "start": "00:23:09", "text": "let me know if you've tried Hollowos"}, {"end": "00:23:15", "start": "00:23:10", "text": "before. Um, and you know what? Hit that"}, {"end": "00:23:16", "start": "00:23:13", "text": "like button. Make sure you subscribe."}, {"end": "00:23:18", "start": "00:23:15", "text": "And I'm going to catch you guys in the"}, {"end": "00:23:21", "start": "00:23:16", "text": "next one. Love you all, man. Catch you"}, {"end": "00:23:21", "start": "00:23:18", "text": "later."}]

[{"end": "00:00:04", "start": "00:00:00", "text": "Yo, what's up captains and cadetses?"}, {"end": "00:00:06", "start": "00:00:02", "text": "Star Atlas just told us that they are"}, {"end": "00:00:08", "start": "00:00:04", "text": "about to launch their own blockchain and"}, {"end": "00:00:13", "start": "00:00:06", "text": "this website that goes along with it,"}, {"end": "00:00:15", "start": "00:00:08", "text": "Z.inc. It is an identitydriven SVML1."}, {"end": "00:00:17", "start": "00:00:13", "text": "We are going to break that all down and"}, {"end": "00:00:19", "start": "00:00:15", "text": "figure out what that all means. Um, if"}, {"end": "00:00:20", "start": "00:00:17", "text": "you watch the town hall that was this"}, {"end": "00:00:22", "start": "00:00:19", "text": "afternoon, maybe this video might help"}, {"end": "00:00:25", "start": "00:00:20", "text": "clarify a few things if you're not too"}, {"end": "00:00:29", "start": "00:00:22", "text": "cryptosavvy. So, boy, without further"}, {"end": "00:00:29", "start": "00:00:25", "text": "ado, let's get into it. Let's go."}, {"end": "00:00:44", "start": "00:00:41", "text": "Yo guys, I have to apologize before this"}, {"end": "00:00:46", "start": "00:00:43", "text": "video begins. I got myself a brand new"}, {"end": "00:00:48", "start": "00:00:44", "text": "camera. I didn't realize it, but the"}, {"end": "00:00:49", "start": "00:00:46", "text": "color was doing some kind of funky crazy"}, {"end": "00:00:51", "start": "00:00:48", "text": "things and it was a little shaky. I have"}, {"end": "00:00:53", "start": "00:00:49", "text": "that all ironed out, I hope, for my next"}, {"end": "00:00:54", "start": "00:00:51", "text": "video, but you're just going to have to"}, {"end": "00:00:55", "start": "00:00:53", "text": "bear with me for this one because I"}, {"end": "00:00:57", "start": "00:00:54", "text": "already recorded it before I realized"}, {"end": "00:00:58", "start": "00:00:55", "text": "that this was going on. So, uh, maybe"}, {"end": "00:01:02", "start": "00:00:57", "text": "just listen to this one instead of watch"}, {"end": "00:01:04", "start": "00:00:58", "text": "it, but let's go."}, {"end": "00:01:06", "start": "00:01:02", "text": "Yo, what's up, muds, onies, oosters, and"}, {"end": "00:01:08", "start": "00:01:04", "text": "anyone that is new to Star Atlas, man,"}, {"end": "00:01:10", "start": "00:01:06", "text": "welcome. Uh, today we're going to break"}, {"end": "00:01:14", "start": "00:01:08", "text": "down Star Atlas's new blockchain. It's"}, {"end": "00:01:18", "start": "00:01:10", "text": "going to be Zinc Explained or Z.inc"}, {"end": "00:01:21", "start": "00:01:14", "text": "Explained. Ah, man. So, Automata, the"}, {"end": "00:01:24", "start": "00:01:18", "text": "creators of Star Atlas, is taking this"}, {"end": "00:01:26", "start": "00:01:21", "text": "bold new step into um blockchain"}, {"end": "00:01:29", "start": "00:01:24", "text": "infrastructure. Um, and they're doing"}, {"end": "00:01:31", "start": "00:01:26", "text": "that with the launch of Z. Inc, or we're"}, {"end": "00:01:33", "start": "00:01:29", "text": "going to call it Zinc from now on. It's"}, {"end": "00:01:35", "start": "00:01:31", "text": "nice and easy. It rolls off the tongue,"}, {"end": "00:01:38", "start": "00:01:33", "text": "right? Um, it's their own layer 1"}, {"end": "00:01:42", "start": "00:01:35", "text": "blockchain and it's built on Salana"}, {"end": "00:01:45", "start": "00:01:38", "text": "tech, but it's fine tuned for the gaming"}, {"end": "00:01:46", "start": "00:01:42", "text": "universe or web 3 gameplay, but it, you"}, {"end": "00:01:49", "start": "00:01:45", "text": "know, it was, we were told it's not"}, {"end": "00:01:51", "start": "00:01:46", "text": "necessarily only for web 3. It could be"}, {"end": "00:01:53", "start": "00:01:49", "text": "utilized for other things. So today"}, {"end": "00:01:54", "start": "00:01:51", "text": "we're kind of going to try to break down"}, {"end": "00:01:57", "start": "00:01:53", "text": "what zinc is. At least my interpretation"}, {"end": "00:01:58", "start": "00:01:54", "text": "of what it actually is. Um why it"}, {"end": "00:02:00", "start": "00:01:57", "text": "matters to us Star Atlas players. Um it"}, {"end": "00:02:02", "start": "00:01:58", "text": "utilizes something called the Salana"}, {"end": "00:02:04", "start": "00:02:00", "text": "virtual machine. It's going to have"}, {"end": "00:02:06", "start": "00:02:02", "text": "something called um ZK um proofs. And if"}, {"end": "00:02:07", "start": "00:02:04", "text": "you're not super into blockchain"}, {"end": "00:02:08", "start": "00:02:06", "text": "technology, you might not know what"}, {"end": "00:02:11", "start": "00:02:07", "text": "those are, but we'll explain a little"}, {"end": "00:02:13", "start": "00:02:08", "text": "bit more in a minute. Um and you know"}, {"end": "00:02:14", "start": "00:02:11", "text": "what is in it for us in the future. Um"}, {"end": "00:02:16", "start": "00:02:13", "text": "well, there's some airdrops and we're"}, {"end": "00:02:18", "start": "00:02:14", "text": "going to be um gaining some XP, like an"}, {"end": "00:02:20", "start": "00:02:16", "text": "XP system um once we start using this."}, {"end": "00:02:22", "start": "00:02:18", "text": "Um, and it's going to go from September"}, {"end": "00:02:24", "start": "00:02:20", "text": "to December. So, we'll get into that in"}, {"end": "00:02:26", "start": "00:02:22", "text": "just a little bit. All right. First,"}, {"end": "00:02:29", "start": "00:02:24", "text": "let's kind of um break it down from the"}, {"end": "00:02:31", "start": "00:02:26", "text": "beginning. Um, Z.inc. Um, it's you can"}, {"end": "00:02:32", "start": "00:02:29", "text": "go right to the website. If you type"}, {"end": "00:02:34", "start": "00:02:31", "text": "that into um the internet, you can"}, {"end": "00:02:36", "start": "00:02:32", "text": "actually, you know, find it just by"}, {"end": "00:02:38", "start": "00:02:34", "text": "typing Z.inc. It will pop right up. It"}, {"end": "00:02:39", "start": "00:02:36", "text": "is a brand new blockchain created by"}, {"end": "00:02:42", "start": "00:02:38", "text": "Automata, the team behind Star Atlas."}, {"end": "00:02:45", "start": "00:02:39", "text": "And it's a layer one chain, meaning that"}, {"end": "00:02:47", "start": "00:02:42", "text": "it it is is its very own network. Um but"}, {"end": "00:02:49", "start": "00:02:45", "text": "it will be running on top of Salana or"}, {"end": "00:02:52", "start": "00:02:47", "text": "actually utilizing something called an"}, {"end": "00:02:55", "start": "00:02:49", "text": "SVM which is Salana's virtual machine."}, {"end": "00:02:58", "start": "00:02:52", "text": "That means that it is fully capable um"}, {"end": "00:02:59", "start": "00:02:55", "text": "to run all of Salana's tools um the"}, {"end": "00:03:00", "start": "00:02:58", "text": "wallets, the DAPs, everything that goes"}, {"end": "00:03:03", "start": "00:02:59", "text": "along with Salana and the whole whole"}, {"end": "00:03:06", "start": "00:03:00", "text": "Salana ecosystem and um has the"}, {"end": "00:03:09", "start": "00:03:03", "text": "security, the scalability um and the"}, {"end": "00:03:11", "start": "00:03:06", "text": "speed. Um development started back in um"}, {"end": "00:03:14", "start": "00:03:09", "text": "through with Star Atlas. It started back"}, {"end": "00:03:16", "start": "00:03:11", "text": "in 2022. what um the Automata team was"}, {"end": "00:03:18", "start": "00:03:14", "text": "trying to create was a player profile"}, {"end": "00:03:22", "start": "00:03:16", "text": "system um that they could utilize. Um"}, {"end": "00:03:23", "start": "00:03:18", "text": "and then what they also were creating at"}, {"end": "00:03:26", "start": "00:03:22", "text": "the same time or about a year later"}, {"end": "00:03:27", "start": "00:03:23", "text": "really was Atlas Net, which is a test"}, {"end": "00:03:29", "start": "00:03:26", "text": "net bed running on Salana that"}, {"end": "00:03:31", "start": "00:03:27", "text": "developers could actually use without"}, {"end": "00:03:32", "start": "00:03:29", "text": "actually running um all the games that"}, {"end": "00:03:34", "start": "00:03:31", "text": "they were making on the Salana, you"}, {"end": "00:03:35", "start": "00:03:32", "text": "know, Salana blockchain. They could they"}, {"end": "00:03:36", "start": "00:03:34", "text": "actually made like a clone of the Salana"}, {"end": "00:03:39", "start": "00:03:35", "text": "blockchain they were running everything"}, {"end": "00:03:42", "start": "00:03:36", "text": "on. Well, they basically fused those"}, {"end": "00:03:44", "start": "00:03:39", "text": "together and they created a uh a"}, {"end": "00:03:47", "start": "00:03:42", "text": "fullfeatured blockchain with a twist"}, {"end": "00:03:49", "start": "00:03:44", "text": "that it's going to have onchain identity"}, {"end": "00:03:52", "start": "00:03:47", "text": "at its core. So, that's pretty pretty"}, {"end": "00:03:54", "start": "00:03:49", "text": "cool, man. I don't really know uh many"}, {"end": "00:03:56", "start": "00:03:52", "text": "blockchains that actually, you know, uh"}, {"end": "00:03:58", "start": "00:03:54", "text": "you know, went for something like this"}, {"end": "00:03:59", "start": "00:03:56", "text": "or definitely none in this in this uh"}, {"end": "00:04:00", "start": "00:03:58", "text": "you know, the way Star Atlas is going"}, {"end": "00:04:03", "start": "00:03:59", "text": "because we'll talk about that in just a"}, {"end": "00:04:05", "start": "00:04:00", "text": "few minutes also. So, let's just um talk"}, {"end": "00:04:06", "start": "00:04:03", "text": "about the tech for a sec about the"}, {"end": "00:04:07", "start": "00:04:05", "text": "Salana virtual machine. And I I talked"}, {"end": "00:04:09", "start": "00:04:06", "text": "about it twice now, but the Salana"}, {"end": "00:04:11", "start": "00:04:07", "text": "virtual machine is basically um an"}, {"end": "00:04:13", "start": "00:04:09", "text": "engine and it runs the programs of the"}, {"end": "00:04:15", "start": "00:04:11", "text": "Salana blockchain. So if you think about"}, {"end": "00:04:16", "start": "00:04:13", "text": "like how we're actually playing um Sage"}, {"end": "00:04:18", "start": "00:04:15", "text": "Labs Starbased, if you're playing that"}, {"end": "00:04:19", "start": "00:04:16", "text": "browser based game or if you've been"}, {"end": "00:04:21", "start": "00:04:18", "text": "playing Hollow Sim, um it's running"}, {"end": "00:04:22", "start": "00:04:19", "text": "actually on a blockchain. Well, that's"}, {"end": "00:04:24", "start": "00:04:21", "text": "that Salana engine that it's running on."}, {"end": "00:04:26", "start": "00:04:22", "text": "Um it's fast, scalable, it processes"}, {"end": "00:04:28", "start": "00:04:24", "text": "many transactions all in parallel with"}, {"end": "00:04:30", "start": "00:04:26", "text": "uh I don't know. I guess it's just"}, {"end": "00:04:33", "start": "00:04:28", "text": "perfect for games and definitely at"}, {"end": "00:04:36", "start": "00:04:30", "text": "metaverse scalability, you know. So,"}, {"end": "00:04:37", "start": "00:04:33", "text": "Zinc also uses zero knowledge proofs. I"}, {"end": "00:04:39", "start": "00:04:36", "text": "called it ZK proofs. Um, it was all the"}, {"end": "00:04:41", "start": "00:04:37", "text": "rage um in the Ethereum whole entire"}, {"end": "00:04:42", "start": "00:04:39", "text": "Ethereum universe. Uh, maybe like a year"}, {"end": "00:04:44", "start": "00:04:41", "text": "and a half ago. Everyone was talking"}, {"end": "00:04:46", "start": "00:04:42", "text": "about ZK proofs. Um, those are basically"}, {"end": "00:04:48", "start": "00:04:44", "text": "cryptograph it's like a cryptographic"}, {"end": "00:04:50", "start": "00:04:46", "text": "trick that lets you uh prove something"}, {"end": "00:04:53", "start": "00:04:48", "text": "is true without actually revealing any"}, {"end": "00:04:55", "start": "00:04:50", "text": "of the data. Um, for an example, if a"}, {"end": "00:04:57", "start": "00:04:53", "text": "game or another game other than Star"}, {"end": "00:05:00", "start": "00:04:55", "text": "Atlas or an exchange wants to, um, prove"}, {"end": "00:05:01", "start": "00:04:57", "text": "that you are you, um, they could do that"}, {"end": "00:05:04", "start": "00:05:00", "text": "without ever seeing any of your personal"}, {"end": "00:05:06", "start": "00:05:01", "text": "data. Um, so there is going to be the"}, {"end": "00:05:08", "start": "00:05:04", "text": "option, um, with this new blockchain"}, {"end": "00:05:10", "start": "00:05:06", "text": "that Star Atlas is developing, um, that"}, {"end": "00:05:12", "start": "00:05:08", "text": "you can actually do a KYC or a know your"}, {"end": "00:05:15", "start": "00:05:10", "text": "customer. Um, a lot of times you have to"}, {"end": "00:05:16", "start": "00:05:12", "text": "like up um upload a driver's license um"}, {"end": "00:05:19", "start": "00:05:15", "text": "to prove that you are you along with"}, {"end": "00:05:20", "start": "00:05:16", "text": "like maybe a picture of yourself or um"}, {"end": "00:05:21", "start": "00:05:19", "text": "sometimes they even want a bill or"}, {"end": "00:05:23", "start": "00:05:20", "text": "something like that like with your"}, {"end": "00:05:26", "start": "00:05:21", "text": "address on it to prove that you are you."}, {"end": "00:05:27", "start": "00:05:23", "text": "Um it mostly is just mostly usually an"}, {"end": "00:05:30", "start": "00:05:26", "text": "ID but you can do that through this"}, {"end": "00:05:31", "start": "00:05:27", "text": "blockchain in the future here and then"}, {"end": "00:05:34", "start": "00:05:30", "text": "any other blockchain on the Salana"}, {"end": "00:05:35", "start": "00:05:31", "text": "ecosystem can then um you know verify"}, {"end": "00:05:37", "start": "00:05:34", "text": "that you are you without actually having"}, {"end": "00:05:39", "start": "00:05:35", "text": "to do the exact same thing. So, if they"}, {"end": "00:05:41", "start": "00:05:37", "text": "wanted like a verified real life person"}, {"end": "00:05:44", "start": "00:05:39", "text": "and not a bot playing their game, well,"}, {"end": "00:05:46", "start": "00:05:41", "text": "they can do it through Z.inc or Zinc."}, {"end": "00:05:48", "start": "00:05:44", "text": "And this kind of jumps us into what the"}, {"end": "00:05:49", "start": "00:05:46", "text": "star of Zinc is going to be all about,"}, {"end": "00:05:52", "start": "00:05:48", "text": "like the blockchain is going to be all"}, {"end": "00:05:54", "start": "00:05:49", "text": "about. And that is the gamified onchain"}, {"end": "00:05:56", "start": "00:05:52", "text": "identity. Um, and they're I think"}, {"end": "00:05:58", "start": "00:05:54", "text": "they're calling it Zprofile, lowercase Z"}, {"end": "00:06:01", "start": "00:05:56", "text": "profile. Um, think of this as basically"}, {"end": "00:06:03", "start": "00:05:58", "text": "your avatar on the blockchain or the"}, {"end": "00:06:04", "start": "00:06:01", "text": "whole entire blockchain world. Like it"}, {"end": "00:06:06", "start": "00:06:03", "text": "could be your like if this goes well,"}, {"end": "00:06:08", "start": "00:06:04", "text": "this could be your avatar that you"}, {"end": "00:06:09", "start": "00:06:06", "text": "utilize. um through different types of"}, {"end": "00:06:11", "start": "00:06:08", "text": "bridges and stuff like that through all"}, {"end": "00:06:14", "start": "00:06:09", "text": "blockchains. So, what you're going to be"}, {"end": "00:06:17", "start": "00:06:11", "text": "able to do is earn XP and level up your"}, {"end": "00:06:19", "start": "00:06:14", "text": "avatar or your Z profile and build a"}, {"end": "00:06:22", "start": "00:06:17", "text": "reputation and this will unlock perks"}, {"end": "00:06:23", "start": "00:06:19", "text": "over time. Um it could unlock perks"}, {"end": "00:06:25", "start": "00:06:22", "text": "over, you know, different games like if"}, {"end": "00:06:28", "start": "00:06:23", "text": "different games start utilizing um this"}, {"end": "00:06:30", "start": "00:06:25", "text": "whole entire chain or even the ZK rollup"}, {"end": "00:06:32", "start": "00:06:28", "text": "um part of the chain. Um this could"}, {"end": "00:06:34", "start": "00:06:30", "text": "level up your avatar and give your"}, {"end": "00:06:36", "start": "00:06:32", "text": "avatar more and more XP. Um, it can also"}, {"end": "00:06:39", "start": "00:06:34", "text": "be leveled up through things like um,"}, {"end": "00:06:41", "start": "00:06:36", "text": "DeFi apps and tons more. Um, you can"}, {"end": "00:06:43", "start": "00:06:39", "text": "even set permissions. You should be able"}, {"end": "00:06:46", "start": "00:06:41", "text": "to be able to set permissions, I think"}, {"end": "00:06:48", "start": "00:06:43", "text": "is what they said on um, your profile."}, {"end": "00:06:50", "start": "00:06:46", "text": "And so, um, once you set those"}, {"end": "00:06:51", "start": "00:06:48", "text": "permissions, your wallet, your basically"}, {"end": "00:06:53", "start": "00:06:50", "text": "your wallet that is connected to this"}, {"end": "00:06:55", "start": "00:06:51", "text": "will only show the data that you want it"}, {"end": "00:06:57", "start": "00:06:53", "text": "to show. And this profile starting off"}, {"end": "00:06:58", "start": "00:06:55", "text": "for us people at Star Atlas, why is it"}, {"end": "00:07:00", "start": "00:06:57", "text": "important to us people of Star Atlas?"}, {"end": "00:07:02", "start": "00:06:58", "text": "Well, this profile is going to work"}, {"end": "00:07:03", "start": "00:07:00", "text": "across all the different games of Star"}, {"end": "00:07:04", "start": "00:07:02", "text": "Atlas. It's going to be connected to um"}, {"end": "00:07:06", "start": "00:07:03", "text": "all the different games in Star Atlas."}, {"end": "00:07:08", "start": "00:07:04", "text": "You'll be earning XP by playing all the"}, {"end": "00:07:09", "start": "00:07:06", "text": "games in Star Atalus or even going to"}, {"end": "00:07:12", "start": "00:07:08", "text": "the Star Atlas marketplace and making"}, {"end": "00:07:15", "start": "00:07:09", "text": "purchases or sell sale sell orders. Cool"}, {"end": "00:07:16", "start": "00:07:12", "text": "stuff, man. So, why is why is Automata"}, {"end": "00:07:18", "start": "00:07:15", "text": "going through all the trouble of making"}, {"end": "00:07:20", "start": "00:07:16", "text": "their own blockchain? Um this has been"}, {"end": "00:07:22", "start": "00:07:18", "text": "discussed a couple times in the past"}, {"end": "00:07:25", "start": "00:07:20", "text": "through Star Atlas's Atlas Brew. Um it's"}, {"end": "00:07:28", "start": "00:07:22", "text": "because of fees. Um also congestion too."}, {"end": "00:07:30", "start": "00:07:25", "text": "Salana has been known to um get very"}, {"end": "00:07:32", "start": "00:07:28", "text": "congested congested um during certain"}, {"end": "00:07:33", "start": "00:07:30", "text": "points like when memes were really"}, {"end": "00:07:35", "start": "00:07:32", "text": "popping a lot of the meme coins were"}, {"end": "00:07:37", "start": "00:07:33", "text": "really popping um boy man you know it"}, {"end": "00:07:38", "start": "00:07:35", "text": "was really hard to make any transactions"}, {"end": "00:07:41", "start": "00:07:37", "text": "on Salana and the fees to make a"}, {"end": "00:07:42", "start": "00:07:38", "text": "transaction got really high for Salana"}, {"end": "00:07:44", "start": "00:07:41", "text": "at least you know not as high as what"}, {"end": "00:07:46", "start": "00:07:42", "text": "Ethereum was going but for Salana um"}, {"end": "00:07:49", "start": "00:07:44", "text": "they're saying that this could be 99%"}, {"end": "00:07:51", "start": "00:07:46", "text": "cheaper um than running the games on the"}, {"end": "00:07:54", "start": "00:07:49", "text": "Salana ecosystem so one of the things u"}, {"end": "00:07:55", "start": "00:07:51", "text": "for me when I was uh when I just as a"}, {"end": "00:07:57", "start": "00:07:54", "text": "medium-sized player and then when I was"}, {"end": "00:07:59", "start": "00:07:55", "text": "actually doing the zero to hero and I"}, {"end": "00:08:01", "start": "00:07:57", "text": "was a very very small player and running"}, {"end": "00:08:03", "start": "00:07:59", "text": "only a couple fleets on the starbased um"}, {"end": "00:08:05", "start": "00:08:01", "text": "during the starbased browser game. Most"}, {"end": "00:08:07", "start": "00:08:03", "text": "of my profit was eaten up by Salana fees"}, {"end": "00:08:09", "start": "00:08:05", "text": "and it it it kills the little player for"}, {"end": "00:08:11", "start": "00:08:07", "text": "sure. This should help solve that, you"}, {"end": "00:08:13", "start": "00:08:09", "text": "know, which is awesome. Another bonus"}, {"end": "00:08:16", "start": "00:08:11", "text": "for this is um that Star Alice or the"}, {"end": "00:08:18", "start": "00:08:13", "text": "Automata team can run game logic without"}, {"end": "00:08:20", "start": "00:08:16", "text": "competing for other resources um with"}, {"end": "00:08:22", "start": "00:08:18", "text": "the DeFi giants of you know of Salana."}, {"end": "00:08:24", "start": "00:08:20", "text": "they can actually make sure that the"}, {"end": "00:08:26", "start": "00:08:22", "text": "speed is always up to what you you know"}, {"end": "00:08:27", "start": "00:08:24", "text": "what we need to play the game. Um"}, {"end": "00:08:28", "start": "00:08:26", "text": "especially that we have so many"}, {"end": "00:08:30", "start": "00:08:27", "text": "transactions going on Star Atlas they"}, {"end": "00:08:32", "start": "00:08:28", "text": "can actually just focus on making sure"}, {"end": "00:08:33", "start": "00:08:30", "text": "that the blockchain is running properly."}, {"end": "00:08:35", "start": "00:08:32", "text": "Um and they you know they don't have to"}, {"end": "00:08:36", "start": "00:08:33", "text": "you know compete with like something"}, {"end": "00:08:38", "start": "00:08:35", "text": "like Jupiter or something like that that"}, {"end": "00:08:40", "start": "00:08:36", "text": "has um transactions going all the time"}, {"end": "00:08:44", "start": "00:08:38", "text": "for that giant exchange. Um, and then"}, {"end": "00:08:46", "start": "00:08:40", "text": "the third bonus is um the the Zinc"}, {"end": "00:08:48", "start": "00:08:44", "text": "blockchain will be having um airdrops"}, {"end": "00:08:50", "start": "00:08:46", "text": "and sub uh subscriptions that they will"}, {"end": "00:08:52", "start": "00:08:48", "text": "be able to funnel new players right into"}, {"end": "00:08:54", "start": "00:08:50", "text": "Star Atlas with. Um so if you could"}, {"end": "00:08:56", "start": "00:08:52", "text": "imagine that maybe um people start"}, {"end": "00:08:58", "start": "00:08:54", "text": "hearing about airdrops coming. Um the"}, {"end": "00:09:00", "start": "00:08:56", "text": "first one will be in December. I think"}, {"end": "00:09:01", "start": "00:08:58", "text": "there's other ones to follow, but um the"}, {"end": "00:09:04", "start": "00:09:00", "text": "only way to get the airdrop might be to"}, {"end": "00:09:05", "start": "00:09:01", "text": "play some of Star Atlas's games. Um go"}, {"end": "00:09:07", "start": "00:09:04", "text": "to the Star Atlas marketplace, make some"}, {"end": "00:09:09", "start": "00:09:05", "text": "purchases, grab some ships and crew crew"}, {"end": "00:09:10", "start": "00:09:07", "text": "uh crew members and stuff like that. Um,"}, {"end": "00:09:13", "start": "00:09:09", "text": "people want to farm, possibly want to"}, {"end": "00:09:15", "start": "00:09:10", "text": "farm this zinc. So, it's kind of pretty"}, {"end": "00:09:18", "start": "00:09:13", "text": "cool marketing right now. They said that"}, {"end": "00:09:20", "start": "00:09:15", "text": "we can go um and start creating um go"}, {"end": "00:09:23", "start": "00:09:18", "text": "right to Zinc and start creating our own"}, {"end": "00:09:25", "start": "00:09:20", "text": "profile, I think, already. Um, but not"}, {"end": "00:09:28", "start": "00:09:23", "text": "like not all the things are actually in"}, {"end": "00:09:29", "start": "00:09:25", "text": "the um DAP right now that will be in the"}, {"end": "00:09:30", "start": "00:09:28", "text": "future. So, it's all it's like very"}, {"end": "00:09:32", "start": "00:09:29", "text": "limited things you can actually do on it"}, {"end": "00:09:35", "start": "00:09:30", "text": "at this very moment. Um, but the rollout"}, {"end": "00:09:37", "start": "00:09:32", "text": "plan is in September 2025. So, this"}, {"end": "00:09:38", "start": "00:09:35", "text": "September um they're going to start XP"}, {"end": "00:09:40", "start": "00:09:37", "text": "tracking. um they're going to start"}, {"end": "00:09:42", "start": "00:09:38", "text": "tracking everything that we do. Um when"}, {"end": "00:09:44", "start": "00:09:40", "text": "we play Star Atlas, um when we stake"}, {"end": "00:09:47", "start": "00:09:42", "text": "Atlas and Polis, when we trade on the"}, {"end": "00:09:49", "start": "00:09:44", "text": "marketplace, and um when we earn XP and"}, {"end": "00:09:51", "start": "00:09:47", "text": "within the games, it all go to our Z"}, {"end": "00:09:54", "start": "00:09:49", "text": "profile. So, that'll all be tracked in"}, {"end": "00:09:56", "start": "00:09:51", "text": "your XP determines how much zinc tokens"}, {"end": "00:09:57", "start": "00:09:54", "text": "you're going to get, which is awesome."}, {"end": "00:09:59", "start": "00:09:56", "text": "So, you have three months to basically"}, {"end": "00:10:02", "start": "00:09:57", "text": "farm those airdrops. A three-month um"}, {"end": "00:10:05", "start": "00:09:59", "text": "airdrop farm season. Um this is uh going"}, {"end": "00:10:08", "start": "00:10:02", "text": "to be awesome. Um I think that they they"}, {"end": "00:10:10", "start": "00:10:05", "text": "had said that um for um certain um"}, {"end": "00:10:11", "start": "00:10:08", "text": "certain members that are very active,"}, {"end": "00:10:14", "start": "00:10:10", "text": "you're going to be have u be able to"}, {"end": "00:10:15", "start": "00:10:11", "text": "double your XP. Um so I don't know. This"}, {"end": "00:10:17", "start": "00:10:14", "text": "is going to be huge. We'll learn a lot"}, {"end": "00:10:20", "start": "00:10:15", "text": "more, I'm sure, in the next coming"}, {"end": "00:10:22", "start": "00:10:17", "text": "weeks. And then in December 2025, this"}, {"end": "00:10:24", "start": "00:10:20", "text": "is the network genesis. What this means"}, {"end": "00:10:27", "start": "00:10:22", "text": "is that Z.inc"}, {"end": "00:10:29", "start": "00:10:24", "text": "goes mainnet. It goes live. It's going"}, {"end": "00:10:31", "start": "00:10:27", "text": "to be uh you know, it's going to have a"}, {"end": "00:10:34", "start": "00:10:29", "text": "Salana bridge. The bridge is going to be"}, {"end": "00:10:36", "start": "00:10:31", "text": "open and Sage C4 shall launch with it,"}, {"end": "00:10:37", "start": "00:10:34", "text": "the the new browserbased game that we're"}, {"end": "00:10:39", "start": "00:10:36", "text": "all excited about. It's going to be"}, {"end": "00:10:42", "start": "00:10:37", "text": "launched directly with Zinc, they say,"}, {"end": "00:10:44", "start": "00:10:39", "text": "which is going to be awesome. And we"}, {"end": "00:10:46", "start": "00:10:42", "text": "also know that not only is C4 launching"}, {"end": "00:10:48", "start": "00:10:44", "text": "at that time, um but we're going to be"}, {"end": "00:10:50", "start": "00:10:46", "text": "able to play that one the the different"}, {"end": "00:10:51", "start": "00:10:48", "text": "um games in the Unreal Engine 5 version"}, {"end": "00:10:54", "start": "00:10:50", "text": "of the game, we're going to be able to"}, {"end": "00:10:56", "start": "00:10:51", "text": "um get ourselves that thing called Black"}, {"end": "00:10:58", "start": "00:10:54", "text": "Goo that's going to link the Unreal"}, {"end": "00:11:00", "start": "00:10:56", "text": "Engine 5 version of the game with C4,"}, {"end": "00:11:01", "start": "00:10:58", "text": "the browserbased version of the game."}, {"end": "00:11:05", "start": "00:11:00", "text": "And we're going to be on our own"}, {"end": "00:11:07", "start": "00:11:01", "text": "personal Star Atlas blockchain. Woo!"}, {"end": "00:11:09", "start": "00:11:05", "text": "All right. Now, let's talk to man. So,"}, {"end": "00:11:10", "start": "00:11:07", "text": "how many zinc tokens will there be?"}, {"end": "00:11:12", "start": "00:11:09", "text": "Well, uh, CEO of Stratlas, Michael"}, {"end": "00:11:14", "start": "00:11:10", "text": "Wagner, said he was guessing, um, the"}, {"end": "00:11:15", "start": "00:11:12", "text": "total supply will be 100 million, but he"}, {"end": "00:11:16", "start": "00:11:14", "text": "sounded like that wasn't set in stone,"}, {"end": "00:11:19", "start": "00:11:15", "text": "but at least at the start, that's what"}, {"end": "00:11:21", "start": "00:11:16", "text": "his guess was, 100 million. Um, 66% of"}, {"end": "00:11:23", "start": "00:11:19", "text": "that is going to go to airdrops. Not"}, {"end": "00:11:25", "start": "00:11:21", "text": "only airdrops, but also grants and"}, {"end": "00:11:27", "start": "00:11:23", "text": "partnerships um, with the whole entire"}, {"end": "00:11:30", "start": "00:11:25", "text": "zinc token. Um, 20% is going to go to"}, {"end": "00:11:32", "start": "00:11:27", "text": "Automata, the creators of the uh, token"}, {"end": "00:11:34", "start": "00:11:30", "text": "and also the creators of Star Atlas. Um,"}, {"end": "00:11:36", "start": "00:11:32", "text": "10% is going to go into the Z.inc um,"}, {"end": "00:11:37", "start": "00:11:34", "text": "operations to make sure everything is,"}, {"end": "00:11:40", "start": "00:11:36", "text": "you know, flowing properly and stuff"}, {"end": "00:11:42", "start": "00:11:37", "text": "like that. And 5% goes to the Star Atlas"}, {"end": "00:11:45", "start": "00:11:40", "text": "Polis DAO, which is super cool. Um, and"}, {"end": "00:11:47", "start": "00:11:42", "text": "they also said um there the DAO is going"}, {"end": "00:11:49", "start": "00:11:45", "text": "to earn revenue from um having validator"}, {"end": "00:11:51", "start": "00:11:47", "text": "rewards um basically running the whole"}, {"end": "00:11:53", "start": "00:11:49", "text": "entire network and they'll acrew some"}, {"end": "00:11:55", "start": "00:11:51", "text": "network fees for that. So, it's actually"}, {"end": "00:11:59", "start": "00:11:53", "text": "going to bring up our Polus DAO. Oh man,"}, {"end": "00:12:02", "start": "00:11:55", "text": "I love Polus. And um think of this, in"}, {"end": "00:12:03", "start": "00:11:59", "text": "the future, you won't need Salana in"}, {"end": "00:12:04", "start": "00:12:02", "text": "your wallet. Well, you you might need a"}, {"end": "00:12:05", "start": "00:12:03", "text": "little bit of Salana because you're"}, {"end": "00:12:07", "start": "00:12:04", "text": "always going to maybe want to like buy"}, {"end": "00:12:08", "start": "00:12:05", "text": "and sell and whole Salana ecosystem, but"}, {"end": "00:12:12", "start": "00:12:07", "text": "you're going to basically need Atlas,"}, {"end": "00:12:13", "start": "00:12:08", "text": "Polus, and Zinc in your wallet. Um, so"}, {"end": "00:12:14", "start": "00:12:12", "text": "the zinc will always be running, you"}, {"end": "00:12:16", "start": "00:12:13", "text": "know, transactions in the game and stuff"}, {"end": "00:12:18", "start": "00:12:14", "text": "like that. So, those are going to be the"}, {"end": "00:12:20", "start": "00:12:16", "text": "three main main coins you're always"}, {"end": "00:12:21", "start": "00:12:18", "text": "going to want in your wallet at all"}, {"end": "00:12:22", "start": "00:12:20", "text": "times. Um, and then probably just like,"}, {"end": "00:12:24", "start": "00:12:21", "text": "you know, you always need a little bit"}, {"end": "00:12:26", "start": "00:12:22", "text": "of Salana just in case you want to like"}, {"end": "00:12:28", "start": "00:12:24", "text": "convert some of your um coins back into"}, {"end": "00:12:30", "start": "00:12:26", "text": "the Salana ecosystem, right? Um, so they"}, {"end": "00:12:32", "start": "00:12:28", "text": "said something about a premium um,"}, {"end": "00:12:35", "start": "00:12:30", "text": "subscription that shall launch with"}, {"end": "00:12:37", "start": "00:12:32", "text": "Z.inc. Um, so this premium um,"}, {"end": "00:12:39", "start": "00:12:35", "text": "subscription will um, have perks like"}, {"end": "00:12:41", "start": "00:12:37", "text": "um, XP multipliers. So you'll get extra"}, {"end": "00:12:44", "start": "00:12:39", "text": "XP for doing certain things. Um, free"}, {"end": "00:12:46", "start": "00:12:41", "text": "premium domain domain names um, tied to"}, {"end": "00:12:48", "start": "00:12:44", "text": "your profile. So you'll you'll like if I"}, {"end": "00:12:50", "start": "00:12:46", "text": "might be like bth.inc will be my like"}, {"end": "00:12:52", "start": "00:12:48", "text": "zinc profile name, right? Um, and"}, {"end": "00:12:53", "start": "00:12:50", "text": "bonuses like maybe they they might they"}, {"end": "00:12:55", "start": "00:12:52", "text": "were saying they might give you like the"}, {"end": "00:12:57", "start": "00:12:53", "text": "the Hollisim battle pass, the new"}, {"end": "00:12:58", "start": "00:12:55", "text": "upcoming battle pass. you might get that"}, {"end": "00:13:00", "start": "00:12:57", "text": "for free if you have the premium"}, {"end": "00:13:02", "start": "00:12:58", "text": "subscription of zinc. So, that's pretty"}, {"end": "00:13:04", "start": "00:13:00", "text": "cool. Um, higher tiers could even let"}, {"end": "00:13:06", "start": "00:13:02", "text": "you um earn Star Atlas assets in the"}, {"end": "00:13:07", "start": "00:13:04", "text": "future, which is pretty neat. And, uh,"}, {"end": "00:13:09", "start": "00:13:06", "text": "you just have to just keep on"}, {"end": "00:13:11", "start": "00:13:07", "text": "progressing your XP, you know, along"}, {"end": "00:13:13", "start": "00:13:09", "text": "with that, um, premium per or"}, {"end": "00:13:14", "start": "00:13:11", "text": "subscription, I should say. Now, a"}, {"end": "00:13:15", "start": "00:13:13", "text": "couple other thoughts that I'm starting"}, {"end": "00:13:17", "start": "00:13:14", "text": "to remember from the town hall is that"}, {"end": "00:13:18", "start": "00:13:15", "text": "Michael Wagner had mentioned that"}, {"end": "00:13:20", "start": "00:13:17", "text": "they're not going to be um, taking away"}, {"end": "00:13:22", "start": "00:13:18", "text": "a bunch of team members from Star Alice"}, {"end": "00:13:23", "start": "00:13:20", "text": "from building the game Star Alice. What"}, {"end": "00:13:25", "start": "00:13:22", "text": "they're going to do is they're going to"}, {"end": "00:13:28", "start": "00:13:23", "text": "hire in a bunch of new personnel to run"}, {"end": "00:13:29", "start": "00:13:25", "text": "Z.inc and run the whole Zinc blockchain."}, {"end": "00:13:31", "start": "00:13:28", "text": "That's pretty cool. At first, they're"}, {"end": "00:13:34", "start": "00:13:29", "text": "going to start off with just exclusive"}, {"end": "00:13:36", "start": "00:13:31", "text": "um validators um the Atomata team plus"}, {"end": "00:13:38", "start": "00:13:34", "text": "some other third party validators and"}, {"end": "00:13:40", "start": "00:13:36", "text": "the Star Atlas DAO. Um but they plan in"}, {"end": "00:13:42", "start": "00:13:38", "text": "the future to actually making it um more"}, {"end": "00:13:44", "start": "00:13:40", "text": "widely approachable and permissionless."}, {"end": "00:13:46", "start": "00:13:42", "text": "Um so um if you ever decide that you"}, {"end": "00:13:48", "start": "00:13:44", "text": "want to be a validator in the future,"}, {"end": "00:13:50", "start": "00:13:46", "text": "you might have a chance. um they are"}, {"end": "00:13:52", "start": "00:13:48", "text": "going to immediately overcome one of the"}, {"end": "00:13:53", "start": "00:13:50", "text": "the huge problems that most blockchains"}, {"end": "00:13:55", "start": "00:13:52", "text": "have and that's when you create a"}, {"end": "00:13:56", "start": "00:13:53", "text": "blockchain who really wants to build on"}, {"end": "00:13:58", "start": "00:13:55", "text": "it or who wants to actually utilize it"}, {"end": "00:14:00", "start": "00:13:56", "text": "or you know yada yada yada and then"}, {"end": "00:14:01", "start": "00:13:58", "text": "other people don't really want to build"}, {"end": "00:14:03", "start": "00:14:00", "text": "on it until they see other people"}, {"end": "00:14:04", "start": "00:14:01", "text": "utilizing it or you know you know the"}, {"end": "00:14:06", "start": "00:14:03", "text": "blockchain actually like you know"}, {"end": "00:14:08", "start": "00:14:04", "text": "performing a bunch of transactions so it"}, {"end": "00:14:10", "start": "00:14:06", "text": "actually is something good um well Star"}, {"end": "00:14:11", "start": "00:14:08", "text": "Atlas just blows out of the water right"}, {"end": "00:14:13", "start": "00:14:10", "text": "away because all of us playing the game"}, {"end": "00:14:17", "start": "00:14:11", "text": "are going to immediately create a ton of"}, {"end": "00:14:18", "start": "00:14:13", "text": "transactions on um on zinc so um it's"}, {"end": "00:14:21", "start": "00:14:17", "text": "going going to go right away. It's going"}, {"end": "00:14:22", "start": "00:14:18", "text": "to have at least a thousand um people"}, {"end": "00:14:23", "start": "00:14:21", "text": "like cuz that's how many players are"}, {"end": "00:14:26", "start": "00:14:22", "text": "playing Starbase basically at this"}, {"end": "00:14:27", "start": "00:14:23", "text": "moment. A thousand people right away"}, {"end": "00:14:28", "start": "00:14:26", "text": "making transaction after transaction"}, {"end": "00:14:31", "start": "00:14:27", "text": "after transaction as we're all starting"}, {"end": "00:14:32", "start": "00:14:28", "text": "to play C4. And if C4 is a larger launch"}, {"end": "00:14:34", "start": "00:14:31", "text": "than that, there could be thousands and"}, {"end": "00:14:36", "start": "00:14:32", "text": "thousands of uh you know people"}, {"end": "00:14:38", "start": "00:14:34", "text": "utilizing the blockchain right off the"}, {"end": "00:14:40", "start": "00:14:36", "text": "bat um for an everyday use case. So that"}, {"end": "00:14:41", "start": "00:14:38", "text": "that looks really good for the"}, {"end": "00:14:43", "start": "00:14:40", "text": "blockchain. Um it makes things nice and"}, {"end": "00:14:45", "start": "00:14:41", "text": "juicy um for other people that might"}, {"end": "00:14:46", "start": "00:14:43", "text": "want to build on it or utilize it. So,"}, {"end": "00:14:49", "start": "00:14:45", "text": "wicked cool. Wicked cool stuff right"}, {"end": "00:14:51", "start": "00:14:46", "text": "there. Um, also this could bring in um a"}, {"end": "00:14:52", "start": "00:14:49", "text": "decent amount of revenue for Automata,"}, {"end": "00:14:54", "start": "00:14:51", "text": "you know, so they can actually keep"}, {"end": "00:14:55", "start": "00:14:52", "text": "funding themselves and, you know, having"}, {"end": "00:14:57", "start": "00:14:54", "text": "enough money to constantly create the"}, {"end": "00:14:59", "start": "00:14:55", "text": "game of Star Atlas or hire in more"}, {"end": "00:15:00", "start": "00:14:57", "text": "people. Um, and there's all sorts of"}, {"end": "00:15:02", "start": "00:14:59", "text": "ways that they could utilize this um in"}, {"end": "00:15:03", "start": "00:15:00", "text": "the future, but like we we talked about"}, {"end": "00:15:05", "start": "00:15:02", "text": "that premium subscription service."}, {"end": "00:15:07", "start": "00:15:03", "text": "That's one of them. Um, also they could"}, {"end": "00:15:09", "start": "00:15:05", "text": "be selling the actual names like for the"}, {"end": "00:15:11", "start": "00:15:07", "text": "whole entire Z profile. So, you can get"}, {"end": "00:15:13", "start": "00:15:09", "text": "that name like BTH um.inc, ink, you"}, {"end": "00:15:15", "start": "00:15:11", "text": "know, and then I could use that for my"}, {"end": "00:15:17", "start": "00:15:13", "text": "KYC and stuff like that. Um, so there's"}, {"end": "00:15:19", "start": "00:15:15", "text": "a lot of ways that um Automatic could"}, {"end": "00:15:20", "start": "00:15:17", "text": "probably utilize this to um, you know,"}, {"end": "00:15:23", "start": "00:15:19", "text": "keep the runway open for Star Atlas to"}, {"end": "00:15:25", "start": "00:15:20", "text": "build Star Atlas forever, right? All"}, {"end": "00:15:26", "start": "00:15:23", "text": "right. So, this is kind of cool, too."}, {"end": "00:15:28", "start": "00:15:25", "text": "It's going to Zinc is going to have its"}, {"end": "00:15:31", "start": "00:15:26", "text": "own wallet. So, protect your assets with"}, {"end": "00:15:32", "start": "00:15:28", "text": "um, your own secure zinc wallet. Um, but"}, {"end": "00:15:33", "start": "00:15:31", "text": "also since it's actually on the Salana"}, {"end": "00:15:35", "start": "00:15:32", "text": "ecosystem, if you don't want that"}, {"end": "00:15:37", "start": "00:15:33", "text": "wallet, you could use any wallet and"}, {"end": "00:15:39", "start": "00:15:35", "text": "zinc tokens um should be fine to"}, {"end": "00:15:40", "start": "00:15:37", "text": "actually appear um in Soulflare or"}, {"end": "00:15:42", "start": "00:15:39", "text": "Phantom or whatever wallet you use like"}, {"end": "00:15:44", "start": "00:15:40", "text": "Backpack."}, {"end": "00:15:45", "start": "00:15:42", "text": "So, I'm just scrolling up. We're"}, {"end": "00:15:46", "start": "00:15:44", "text": "starting at the bottom going up right"}, {"end": "00:15:47", "start": "00:15:45", "text": "now, but this is what the leaderboard is"}, {"end": "00:15:49", "start": "00:15:46", "text": "going to look like. I'm sure that you'll"}, {"end": "00:15:51", "start": "00:15:47", "text": "be able to um customize your profile"}, {"end": "00:15:54", "start": "00:15:49", "text": "picture um participate to earn zinc"}, {"end": "00:15:56", "start": "00:15:51", "text": "points and perks. Um and um here's the"}, {"end": "00:15:58", "start": "00:15:54", "text": "the top of the page right here. And we"}, {"end": "00:15:59", "start": "00:15:56", "text": "can connect our wallet even at this"}, {"end": "00:16:01", "start": "00:15:58", "text": "moment. So maybe I might connect my"}, {"end": "00:16:03", "start": "00:15:59", "text": "wallet and see what happens. All right,"}, {"end": "00:16:05", "start": "00:16:01", "text": "it says Z connectnect. We're going to"}, {"end": "00:16:06", "start": "00:16:03", "text": "hit that. All right, well my wallet's"}, {"end": "00:16:08", "start": "00:16:05", "text": "connected. I can't seem to create a"}, {"end": "00:16:09", "start": "00:16:06", "text": "profile. I believe that's cuz I already"}, {"end": "00:16:11", "start": "00:16:08", "text": "have one created through Star Atlas. So"}, {"end": "00:16:12", "start": "00:16:09", "text": "let me see if I have a wallet that"}, {"end": "00:16:14", "start": "00:16:11", "text": "doesn't have a Star Atlas profile in it."}, {"end": "00:16:16", "start": "00:16:12", "text": "See if anything different happens. I'll"}, {"end": "00:16:18", "start": "00:16:14", "text": "let you know in a second. So again, this"}, {"end": "00:16:20", "start": "00:16:16", "text": "isn't um ready to launch until"}, {"end": "00:16:21", "start": "00:16:18", "text": "September. But if I go to dashboard, it"}, {"end": "00:16:23", "start": "00:16:20", "text": "says connect your wallet to access your"}, {"end": "00:16:26", "start": "00:16:21", "text": "Zinc dashboard. Um and I believe that"}, {"end": "00:16:28", "start": "00:16:23", "text": "you can start working on your profile is"}, {"end": "00:16:30", "start": "00:16:26", "text": "what they had said. Um, so it says"}, {"end": "00:16:32", "start": "00:16:28", "text": "connection error. Please try again. So,"}, {"end": "00:16:33", "start": "00:16:30", "text": "it's something that needs to be ironed"}, {"end": "00:16:34", "start": "00:16:32", "text": "out. This really wasn't ready for"}, {"end": "00:16:35", "start": "00:16:33", "text": "launch. It's ready for launch in"}, {"end": "00:16:37", "start": "00:16:34", "text": "September. So, we have a few weeks"}, {"end": "00:16:39", "start": "00:16:35", "text": "before uh September even hits. Um, and"}, {"end": "00:16:41", "start": "00:16:37", "text": "I'm sure that this will all be ironed"}, {"end": "00:16:44", "start": "00:16:39", "text": "out and the um whole entire website will"}, {"end": "00:16:46", "start": "00:16:41", "text": "be working properly um once we um start"}, {"end": "00:16:49", "start": "00:16:44", "text": "actually farming for our airdrop tokens."}, {"end": "00:16:50", "start": "00:16:46", "text": "Um so, I can't wait for that. Um so, I"}, {"end": "00:16:51", "start": "00:16:49", "text": "tried a few different wallets. It didn't"}, {"end": "00:16:53", "start": "00:16:50", "text": "change anything. So, we'll we'll come"}, {"end": "00:16:54", "start": "00:16:51", "text": "back to this later. I'll do this in a"}, {"end": "00:16:56", "start": "00:16:53", "text": "different episode. So, guys, if you"}, {"end": "00:16:58", "start": "00:16:54", "text": "think about this, um Z.inc Inc. and zinc"}, {"end": "00:17:00", "start": "00:16:56", "text": "is not your everyday blockchain. This is"}, {"end": "00:17:03", "start": "00:16:58", "text": "a custombuilt"}, {"end": "00:17:05", "start": "00:17:00", "text": "engine for the Star Atlas metaverse and"}, {"end": "00:17:07", "start": "00:17:03", "text": "other games, other games in the"}, {"end": "00:17:10", "start": "00:17:05", "text": "metaverse that can be connected to Star"}, {"end": "00:17:12", "start": "00:17:07", "text": "Atlas um other ecosystems within Salana."}, {"end": "00:17:14", "start": "00:17:10", "text": "Um maybe even other ecosystems that can"}, {"end": "00:17:16", "start": "00:17:12", "text": "bridge from other blockchains. Um this"}, {"end": "00:17:18", "start": "00:17:14", "text": "is going to give us lower costs. It's"}, {"end": "00:17:20", "start": "00:17:16", "text": "going to give us onchain identity. It's"}, {"end": "00:17:22", "start": "00:17:18", "text": "going to have built-in privacy and it's"}, {"end": "00:17:24", "start": "00:17:20", "text": "going to have a huge player base on day"}, {"end": "00:17:25", "start": "00:17:22", "text": "one, making it one of the most active"}, {"end": "00:17:27", "start": "00:17:24", "text": "blockchains in the whole entire"}, {"end": "00:17:29", "start": "00:17:25", "text": "cryptocurrency space. Um, so the"}, {"end": "00:17:31", "start": "00:17:27", "text": "countdown starts until September. I"}, {"end": "00:17:33", "start": "00:17:29", "text": "cannot wait. I think this was absolutely"}, {"end": "00:17:35", "start": "00:17:31", "text": "huge. Probably way more bigger than we"}, {"end": "00:17:37", "start": "00:17:33", "text": "possibly could imagine. Um, that's why"}, {"end": "00:17:38", "start": "00:17:35", "text": "the team is so hyped about it. Um, if"}, {"end": "00:17:40", "start": "00:17:37", "text": "you're enjoying this video, make sure"}, {"end": "00:17:42", "start": "00:17:38", "text": "you are subscribed. Make sure you hit"}, {"end": "00:17:43", "start": "00:17:40", "text": "that like button down below so other"}, {"end": "00:17:45", "start": "00:17:42", "text": "people can see this video. Helps with"}, {"end": "00:17:46", "start": "00:17:43", "text": "the YouTube algorithm as always. And I"}, {"end": "00:17:50", "start": "00:17:45", "text": "love youall and I'll talk to you in the"}, {"end": "00:17:50", "start": "00:17:46", "text": "next one. later. Wow."}]

[{"end": "00:00:04", "start": "00:00:01", "text": "Yo, what's up captains and cadetses? Hey"}, {"end": "00:00:06", "start": "00:00:03", "text": "man, this episode we're going to talk"}, {"end": "00:00:07", "start": "00:00:04", "text": "about something I think a lot of people"}, {"end": "00:00:10", "start": "00:00:06", "text": "might have missed and that is something"}, {"end": "00:00:12", "start": "00:00:07", "text": "coming to Star Atlas called Black Goo."}, {"end": "00:00:13", "start": "00:00:10", "text": "And what's Black Goo, man? Well, we'll"}, {"end": "00:00:17", "start": "00:00:12", "text": "cover it all in this video, so hang"}, {"end": "00:00:17", "start": "00:00:13", "text": "tight. Let's go."}, {"end": "00:00:32", "start": "00:00:29", "text": "Yo, what's up muds? What's up ponies?"}, {"end": "00:00:34", "start": "00:00:30", "text": "And what's up oosters? And in one of"}, {"end": "00:00:36", "start": "00:00:32", "text": "those new Star Atlas. Sorry if my mic"}, {"end": "00:00:37", "start": "00:00:34", "text": "sounds a little weird and echoey and uh"}, {"end": "00:00:38", "start": "00:00:36", "text": "if my video is a little bit weird"}, {"end": "00:00:41", "start": "00:00:37", "text": "looking. Um but I'm way up in northern"}, {"end": "00:00:42", "start": "00:00:38", "text": "Maine and I'm on vacation. Um and you"}, {"end": "00:00:43", "start": "00:00:41", "text": "know, I thought I could wait on maybe"}, {"end": "00:00:45", "start": "00:00:42", "text": "making a video till I get back home."}, {"end": "00:00:47", "start": "00:00:43", "text": "Except that by the time I get back home,"}, {"end": "00:00:49", "start": "00:00:45", "text": "the town hall will happen. I think I'm"}, {"end": "00:00:50", "start": "00:00:47", "text": "going to be really busy doing a bunch of"}, {"end": "00:00:52", "start": "00:00:49", "text": "coverage on what happens with the town"}, {"end": "00:00:54", "start": "00:00:50", "text": "hall because it sounds really exciting."}, {"end": "00:00:55", "start": "00:00:52", "text": "the second town hall and it's coming um"}, {"end": "00:00:56", "start": "00:00:54", "text": "up this Wednesday at the time of making"}, {"end": "00:00:59", "start": "00:00:55", "text": "this video. I'm making this video on uh"}, {"end": "00:01:00", "start": "00:00:56", "text": "Monday night. Um so, man, I'm I'm"}, {"end": "00:01:02", "start": "00:00:59", "text": "excited about that. But I wanted to get"}, {"end": "00:01:04", "start": "00:01:00", "text": "out this video about black goo. Um what"}, {"end": "00:01:05", "start": "00:01:02", "text": "is black goo? Now, if you guys have been"}, {"end": "00:01:07", "start": "00:01:04", "text": "following my channel, you might remember"}, {"end": "00:01:10", "start": "00:01:05", "text": "I made a video where I took my ship out"}, {"end": "00:01:13", "start": "00:01:07", "text": "and I was doing some mining. And when I"}, {"end": "00:01:14", "start": "00:01:10", "text": "was um this was in Unreal Engine 5 and"}, {"end": "00:01:15", "start": "00:01:13", "text": "you know you can go to different"}, {"end": "00:01:17", "start": "00:01:14", "text": "asteroids and land on planets and then"}, {"end": "00:01:18", "start": "00:01:15", "text": "there's like this whole timing meter and"}, {"end": "00:01:20", "start": "00:01:17", "text": "stuff and you can shoot shoot up"}, {"end": "00:01:22", "start": "00:01:18", "text": "asteroids and rocks and get yourself"}, {"end": "00:01:24", "start": "00:01:20", "text": "some crafting components um some raw"}, {"end": "00:01:26", "start": "00:01:22", "text": "resources and I was saying man this"}, {"end": "00:01:28", "start": "00:01:24", "text": "would be so cool if you could do"}, {"end": "00:01:31", "start": "00:01:26", "text": "something like this and um maybe get"}, {"end": "00:01:34", "start": "00:01:28", "text": "some type of special resource and make a"}, {"end": "00:01:36", "start": "00:01:31", "text": "you know craft a Star Atlas ship in the"}, {"end": "00:01:39", "start": "00:01:34", "text": "browserbased game of Star Atlas called"}, {"end": "00:01:41", "start": "00:01:36", "text": "Starbased. Now, I wasn't quite right on"}, {"end": "00:01:42", "start": "00:01:39", "text": "all that, but I was kind of close on"}, {"end": "00:01:45", "start": "00:01:41", "text": "what the team decided to do in in a"}, {"end": "00:01:49", "start": "00:01:42", "text": "sense. So, what we're going to be doing,"}, {"end": "00:01:51", "start": "00:01:45", "text": "I guess, in Unreal Engine 5 is they said"}, {"end": "00:01:52", "start": "00:01:49", "text": "while playing certain aspects of the"}, {"end": "00:01:53", "start": "00:01:51", "text": "game, if you're grinding on certain"}, {"end": "00:01:55", "start": "00:01:52", "text": "aspects of the game and playing around"}, {"end": "00:01:56", "start": "00:01:53", "text": "and stuff, there's going to be like a"}, {"end": "00:01:58", "start": "00:01:55", "text": "tick meter and we're going to be"}, {"end": "00:01:59", "start": "00:01:56", "text": "constantly collecting black goo by"}, {"end": "00:02:01", "start": "00:01:58", "text": "playing the Unreal Engine 5 version of"}, {"end": "00:02:03", "start": "00:01:59", "text": "the game, I believe, is kind of like how"}, {"end": "00:02:06", "start": "00:02:01", "text": "the wording um was said by Chris from"}, {"end": "00:02:07", "start": "00:02:03", "text": "the economics team. And so it's going to"}, {"end": "00:02:08", "start": "00:02:06", "text": "be almost like a currency like Atlas"}, {"end": "00:02:10", "start": "00:02:07", "text": "that you're going to acrewue by playing"}, {"end": "00:02:11", "start": "00:02:08", "text": "the Unreal Engine 5 version of the game."}, {"end": "00:02:13", "start": "00:02:10", "text": "He said maybe not all aspects of the"}, {"end": "00:02:14", "start": "00:02:11", "text": "game like it might not include like the"}, {"end": "00:02:15", "start": "00:02:13", "text": "first person shooter because there's"}, {"end": "00:02:17", "start": "00:02:14", "text": "already rewards for that but maybe other"}, {"end": "00:02:20", "start": "00:02:15", "text": "aspects of it. And then this black goo"}, {"end": "00:02:23", "start": "00:02:17", "text": "is going to be used for ship components"}, {"end": "00:02:26", "start": "00:02:20", "text": "which is crazy cool because there's a"}, {"end": "00:02:29", "start": "00:02:23", "text": "whole section of Star Atlas um called"}, {"end": "00:02:30", "start": "00:02:26", "text": "that is coming forth in C4 and this"}, {"end": "00:02:32", "start": "00:02:29", "text": "whole Black is going to be implemented"}, {"end": "00:02:34", "start": "00:02:30", "text": "during C4 but where we're going to be"}, {"end": "00:02:37", "start": "00:02:32", "text": "destroying our ships in combat and we're"}, {"end": "00:02:39", "start": "00:02:34", "text": "going to have to constantly re like"}, {"end": "00:02:40", "start": "00:02:37", "text": "recraft and recreate a whole bunch of"}, {"end": "00:02:42", "start": "00:02:39", "text": "components of for our ships so we can go"}, {"end": "00:02:43", "start": "00:02:40", "text": "back and battle again. the actual ships"}, {"end": "00:02:46", "start": "00:02:42", "text": "won't be destroyed, but those will be"}, {"end": "00:02:47", "start": "00:02:43", "text": "sent back um to a star base and they're"}, {"end": "00:02:49", "start": "00:02:46", "text": "going to be stripped of all their"}, {"end": "00:02:50", "start": "00:02:47", "text": "components if you like lose in combat."}, {"end": "00:02:53", "start": "00:02:49", "text": "So, you'll have to constantly craft"}, {"end": "00:02:55", "start": "00:02:50", "text": "those. And then if you want extra"}, {"end": "00:02:56", "start": "00:02:53", "text": "special components, you're going to have"}, {"end": "00:02:58", "start": "00:02:55", "text": "to craft them with this black goo. And"}, {"end": "00:03:01", "start": "00:02:56", "text": "how do you get the black goo? You're"}, {"end": "00:03:03", "start": "00:02:58", "text": "going to have to buy that black goo by"}, {"end": "00:03:05", "start": "00:03:01", "text": "um from some person that has been"}, {"end": "00:03:06", "start": "00:03:03", "text": "grinding in Unreal Engine 5 and or"}, {"end": "00:03:09", "start": "00:03:05", "text": "you're going to have to grind Unreal uh"}, {"end": "00:03:10", "start": "00:03:06", "text": "Real Engine 5 yourself. So, it's going"}, {"end": "00:03:13", "start": "00:03:09", "text": "to totally link the two economies"}, {"end": "00:03:14", "start": "00:03:10", "text": "together, which I think is phenomenal."}, {"end": "00:03:15", "start": "00:03:13", "text": "So, what we're going to do is we're"}, {"end": "00:03:17", "start": "00:03:14", "text": "going to listen to Chris for a little"}, {"end": "00:03:19", "start": "00:03:15", "text": "bit talk all about Black Goo. This was"}, {"end": "00:03:22", "start": "00:03:17", "text": "from the most recent um um economic"}, {"end": "00:03:23", "start": "00:03:19", "text": "forum. If you missed this or maybe you"}, {"end": "00:03:24", "start": "00:03:22", "text": "weren't quite paying attention exactly"}, {"end": "00:03:26", "start": "00:03:23", "text": "what he was saying or maybe you left the"}, {"end": "00:03:28", "start": "00:03:24", "text": "economic forum a little bit early and"}, {"end": "00:03:30", "start": "00:03:26", "text": "didn't catch the last half of it, this"}, {"end": "00:03:32", "start": "00:03:28", "text": "this part is for you because this is"}, {"end": "00:03:34", "start": "00:03:30", "text": "some some huge alpha that he released."}, {"end": "00:03:35", "start": "00:03:32", "text": "Um and like I said, I think it went"}, {"end": "00:03:36", "start": "00:03:34", "text": "right above a lot of people's heads and"}, {"end": "00:03:38", "start": "00:03:35", "text": "they they missed out on this. That's why"}, {"end": "00:03:40", "start": "00:03:36", "text": "I wanted to include it in this video."}, {"end": "00:03:41", "start": "00:03:38", "text": "So, please enjoy. Thank you, Chris, for"}, {"end": "00:03:44", "start": "00:03:40", "text": "all the information. Really appreciate"}, {"end": "00:03:45", "start": "00:03:41", "text": "it. You know, love your economic forum."}, {"end": "00:03:46", "start": "00:03:44", "text": "You're the man."}, {"end": "00:03:49", "start": "00:03:45", "text": ">> Some other updates uh that I wanted to"}, {"end": "00:03:52", "start": "00:03:46", "text": "talk about before we get to our Q&A um"}, {"end": "00:03:53", "start": "00:03:49", "text": "is a Black Goo update that is planned."}, {"end": "00:03:55", "start": "00:03:52", "text": "Uh this was just something we we thought"}, {"end": "00:03:57", "start": "00:03:53", "text": "might be good to just chat about the"}, {"end": "00:04:00", "start": "00:03:55", "text": "economic implications. So, we've"}, {"end": "00:04:02", "start": "00:03:57", "text": "mentioned Black Goo in the Star Atlas uh"}, {"end": "00:04:03", "start": "00:04:00", "text": "community channels on multiple"}, {"end": "00:04:06", "start": "00:04:02", "text": "occasions, and I just wanted to kind of"}, {"end": "00:04:08", "start": "00:04:03", "text": "uh comment on it a little bit more uh in"}, {"end": "00:04:10", "start": "00:04:06", "text": "more detail since we have more of the"}, {"end": "00:04:12", "start": "00:04:08", "text": "details on that. Uh we decided that"}, {"end": "00:04:14", "start": "00:04:10", "text": "we're going to hold off on this until"}, {"end": "00:04:16", "start": "00:04:12", "text": "the C4 update, but basically what Black"}, {"end": "00:04:19", "start": "00:04:14", "text": "Goo is, it's going to be an in-game"}, {"end": "00:04:21", "start": "00:04:16", "text": "reward in UEIE5. So when you complete"}, {"end": "00:04:22", "start": "00:04:19", "text": "quests, when you complete actions, when"}, {"end": "00:04:24", "start": "00:04:21", "text": "you win, you know, all these different"}, {"end": "00:04:26", "start": "00:04:22", "text": "uh activities that you participate in in"}, {"end": "00:04:28", "start": "00:04:24", "text": "UI5, mining, flying around with your"}, {"end": "00:04:29", "start": "00:04:26", "text": "ship, uh you're going to get black goo"}, {"end": "00:04:33", "start": "00:04:28", "text": "as a reward. Now, you can think of this"}, {"end": "00:04:35", "start": "00:04:29", "text": "as like almost a subcurrency within UI5."}, {"end": "00:04:37", "start": "00:04:33", "text": "So you'll see it uh tick up on your"}, {"end": "00:04:39", "start": "00:04:35", "text": "account as you play through the game. Um"}, {"end": "00:04:40", "start": "00:04:37", "text": "it won't necessarily be it's not going"}, {"end": "00:04:42", "start": "00:04:39", "text": "to be like a survey data unit. It's not"}, {"end": "00:04:44", "start": "00:04:40", "text": "going to be super super rare or scarce,"}, {"end": "00:04:48", "start": "00:04:42", "text": "but you will get it uh as a reward in"}, {"end": "00:04:51", "start": "00:04:44", "text": "the game. And the direct uh application"}, {"end": "00:04:54", "start": "00:04:48", "text": "here is that it can be used with um it"}, {"end": "00:04:57", "start": "00:04:51", "text": "can be used in Starbase, well C4 in this"}, {"end": "00:05:01", "start": "00:04:54", "text": "case, as an input to specific uh ship"}, {"end": "00:05:04", "start": "00:04:57", "text": "config recipes. But basically, each ship"}, {"end": "00:05:05", "start": "00:05:01", "text": "config will require input components and"}, {"end": "00:05:07", "start": "00:05:04", "text": "parts and missiles and all these"}, {"end": "00:05:09", "start": "00:05:05", "text": "different things that can be crafted in"}, {"end": "00:05:12", "start": "00:05:07", "text": "the rest of the game loop. Black goo,"}, {"end": "00:05:15", "start": "00:05:09", "text": "black goo will be a principal input to"}, {"end": "00:05:17", "start": "00:05:12", "text": "some of those ship parts. Um, and the"}, {"end": "00:05:18", "start": "00:05:15", "text": "idea is to make those ship parts special"}, {"end": "00:05:22", "start": "00:05:17", "text": "in a certain way in order to make black"}, {"end": "00:05:24", "start": "00:05:18", "text": "goo a very attractive input in the uh"}, {"end": "00:05:26", "start": "00:05:22", "text": "sage economy. So what this does is it"}, {"end": "00:05:28", "start": "00:05:24", "text": "makes that that input very valuable, but"}, {"end": "00:05:31", "start": "00:05:26", "text": "it can only be earned in UEI5. It cannot"}, {"end": "00:05:34", "start": "00:05:28", "text": "be earned in the the Sage main game. So,"}, {"end": "00:05:36", "start": "00:05:31", "text": "black black goo. Yeah, hopefully not."}, {"end": "00:05:38", "start": "00:05:34", "text": "Hopefully not exactly like an SDU, but"}, {"end": "00:05:40", "start": "00:05:36", "text": "uh in a way, yes, kind of an exclusive"}, {"end": "00:05:43", "start": "00:05:38", "text": "resource that can only be used uh it can"}, {"end": "00:05:45", "start": "00:05:40", "text": "only be gained uh in a specific game"}, {"end": "00:05:47", "start": "00:05:43", "text": "play function. Uh and then it'll be used"}, {"end": "00:05:49", "start": "00:05:45", "text": "in exclusive recipes that create"}, {"end": "00:05:52", "start": "00:05:47", "text": "exclusive ship configs that will be"}, {"end": "00:05:54", "start": "00:05:49", "text": "powerful in combat. And again uh"}, {"end": "00:05:58", "start": "00:05:52", "text": "referring back to one of the previous"}, {"end": "00:06:02", "start": "00:05:54", "text": "economic forum uh war will be the"}, {"end": "00:06:03", "start": "00:05:58", "text": "primary economic driving force in C4."}, {"end": "00:06:05", "start": "00:06:02", "text": ">> Will black goo be tradable like on the"}, {"end": "00:06:06", "start": "00:06:03", "text": "marketplace? Chris has a real quick"}, {"end": "00:06:09", "start": "00:06:05", "text": "answer for that. Let's check it out."}, {"end": "00:06:11", "start": "00:06:06", "text": ">> Is black goo tradeable? Uh there there's"}, {"end": "00:06:12", "start": "00:06:09", "text": "no reason that I would believe that"}, {"end": "00:06:14", "start": "00:06:11", "text": "black goo would not be tradable. That I"}, {"end": "00:06:16", "start": "00:06:12", "text": "mean that's kind of the whole point. So"}, {"end": "00:06:18", "start": "00:06:14", "text": "yeah, I mean the only person that I"}, {"end": "00:06:19", "start": "00:06:16", "text": "could see overriding that it would be"}, {"end": "00:06:21", "start": "00:06:18", "text": "Michael Wagner. I I think we're aligned"}, {"end": "00:06:24", "start": "00:06:19", "text": "there. So yeah, my understanding is that"}, {"end": "00:06:27", "start": "00:06:21", "text": "Blacku is is going to be tradable. I"}, {"end": "00:06:29", "start": "00:06:24", "text": "wouldn't have it any other way. Uh so"}, {"end": "00:06:30", "start": "00:06:27", "text": "that will create a massive labor market"}, {"end": "00:06:32", "start": "00:06:29", "text": "in U5."}, {"end": "00:06:35", "start": "00:06:30", "text": ">> Next, Chris talks about the the balance"}, {"end": "00:06:37", "start": "00:06:32", "text": "that he wants to bring between players"}, {"end": "00:06:38", "start": "00:06:35", "text": "of the stage star-based version of the"}, {"end": "00:06:40", "start": "00:06:37", "text": "game with the browser based version of"}, {"end": "00:06:43", "start": "00:06:38", "text": "the game soon to be called C4 or maybe a"}, {"end": "00:06:45", "start": "00:06:40", "text": "different name and the Unreal Engine 5"}, {"end": "00:06:46", "start": "00:06:43", "text": "players of Star Atlas cuz they're very"}, {"end": "00:06:48", "start": "00:06:45", "text": "different people. And he talks about"}, {"end": "00:06:53", "start": "00:06:46", "text": "that right here. theory crafting. The"}, {"end": "00:06:55", "start": "00:06:48", "text": "plan is of course for full onetoone um a"}, {"end": "00:06:56", "start": "00:06:53", "text": "onetoone mapping between things you can"}, {"end": "00:06:58", "start": "00:06:55", "text": "do in Sage and things you can do in U5."}, {"end": "00:07:01", "start": "00:06:56", "text": "Now that said, this is something that's"}, {"end": "00:07:03", "start": "00:06:58", "text": "always been on my mind when it comes to"}, {"end": "00:07:04", "start": "00:07:01", "text": "Sage compared to U5. There are certain"}, {"end": "00:07:06", "start": "00:07:03", "text": "things that are going to be much easier"}, {"end": "00:07:08", "start": "00:07:04", "text": "to do in Sage than in UE5, at least"}, {"end": "00:07:10", "start": "00:07:06", "text": "right now as UE5 is currently being"}, {"end": "00:07:12", "start": "00:07:08", "text": "built. Right? It's like, am I going to"}, {"end": "00:07:14", "start": "00:07:10", "text": "go out in a single ship and mine an"}, {"end": "00:07:16", "start": "00:07:12", "text": "asteroid or am I going to go into Sage"}, {"end": "00:07:18", "start": "00:07:14", "text": "and control an army of 100 ships to go"}, {"end": "00:07:21", "start": "00:07:16", "text": "mine an asteroid? I'm probably going to"}, {"end": "00:07:23", "start": "00:07:18", "text": "do the latter. So, how do we create"}, {"end": "00:07:26", "start": "00:07:21", "text": "economic incentives for UE5? I do think"}, {"end": "00:07:28", "start": "00:07:23", "text": "that exclusive uh assets that can only"}, {"end": "00:07:30", "start": "00:07:26", "text": "be earned in UE5 are going to be super"}, {"end": "00:07:32", "start": "00:07:28", "text": "valuable for creating a labor force"}, {"end": "00:07:34", "start": "00:07:30", "text": "there or a labor market there. Um, now"}, {"end": "00:07:36", "start": "00:07:32", "text": "it also goes the other direction. there"}, {"end": "00:07:38", "start": "00:07:34", "text": "going to be things in C4 or in Sage that"}, {"end": "00:07:40", "start": "00:07:36", "text": "you can only do in Sage and you can't do"}, {"end": "00:07:43", "start": "00:07:38", "text": "in"}, {"end": "00:07:44", "start": "00:07:40", "text": "that relationship because the reality is"}, {"end": "00:07:46", "start": "00:07:43", "text": "the types of people who want to"}, {"end": "00:07:48", "start": "00:07:44", "text": "participate in a game like Sage and the"}, {"end": "00:07:50", "start": "00:07:46", "text": "types of people who want to you know"}, {"end": "00:07:52", "start": "00:07:48", "text": "engage in a game like the U5 product are"}, {"end": "00:07:53", "start": "00:07:50", "text": "two totally different people. So I think"}, {"end": "00:07:55", "start": "00:07:52", "text": "it's important to appreciate that fact"}, {"end": "00:07:56", "start": "00:07:53", "text": "and uh balance their labor markets"}, {"end": "00:07:59", "start": "00:07:55", "text": "appropriately. All"}, {"end": "00:08:01", "start": "00:07:56", "text": "right. Next, Chris talks about the"}, {"end": "00:08:02", "start": "00:07:59", "text": "subtle balance, the economic balance of"}, {"end": "00:08:04", "start": "00:08:01", "text": "black goo. Like, what will incentivize"}, {"end": "00:08:06", "start": "00:08:02", "text": "people to actually mine and grind for"}, {"end": "00:08:08", "start": "00:08:04", "text": "this black goo? And if it weans off,"}, {"end": "00:08:09", "start": "00:08:06", "text": "will they come back? And let's listen to"}, {"end": "00:08:13", "start": "00:08:08", "text": "him discuss this."}, {"end": "00:08:17", "start": "00:08:09", "text": ">> There's a huge point to be made about um"}, {"end": "00:08:19", "start": "00:08:13", "text": "being able to being able to influence"}, {"end": "00:08:21", "start": "00:08:17", "text": "your, you know, your product with these"}, {"end": "00:08:24", "start": "00:08:19", "text": "types of incentives. For example, let's"}, {"end": "00:08:25", "start": "00:08:21", "text": "say that the price of a black goo is"}, {"end": "00:08:27", "start": "00:08:24", "text": "just too low. It's just not worth it."}, {"end": "00:08:29", "start": "00:08:25", "text": "the amount of work that you have to do"}, {"end": "00:08:31", "start": "00:08:27", "text": "to get black goo is not worth it. Um,"}, {"end": "00:08:34", "start": "00:08:29", "text": "fewer people will be incentivized to"}, {"end": "00:08:35", "start": "00:08:31", "text": "mine for black goo and that probably"}, {"end": "00:08:38", "start": "00:08:34", "text": "also relates to a decrease in daily"}, {"end": "00:08:40", "start": "00:08:35", "text": "active users in in UEI5. That's not a"}, {"end": "00:08:42", "start": "00:08:38", "text": "desired um that's not a desirable"}, {"end": "00:08:43", "start": "00:08:40", "text": "outcome. Now, if enough people stop"}, {"end": "00:08:45", "start": "00:08:42", "text": "playing then people will start to"}, {"end": "00:08:46", "start": "00:08:43", "text": "collect black goo again because all of a"}, {"end": "00:08:48", "start": "00:08:45", "text": "sudden it's become rare again and"}, {"end": "00:08:51", "start": "00:08:46", "text": "scarce. So there's this nice fine"}, {"end": "00:08:53", "start": "00:08:48", "text": "balance where okay the effectively the"}, {"end": "00:08:55", "start": "00:08:51", "text": "you know return to collecting black goo"}, {"end": "00:08:58", "start": "00:08:53", "text": "in UE5 is going to be some equilibrium"}, {"end": "00:09:00", "start": "00:08:55", "text": "rate and that equilibrium rate will"}, {"end": "00:09:03", "start": "00:08:58", "text": "directly will be proportional to the"}, {"end": "00:09:05", "start": "00:09:00", "text": "daily active users in UE5 at least to a"}, {"end": "00:09:06", "start": "00:09:03", "text": "certain extent right not everybody who's"}, {"end": "00:09:07", "start": "00:09:05", "text": "playing UI5 is going to be there to"}, {"end": "00:09:09", "start": "00:09:06", "text": "collect black goo they're going to be"}, {"end": "00:09:13", "start": "00:09:07", "text": "doing other things the beauty of this is"}, {"end": "00:09:16", "start": "00:09:09", "text": "a we have an ability to incentivize"}, {"end": "00:09:16", "start": "00:09:13", "text": "people to engage in this virtual"}, {"end": "00:09:19", "start": "00:09:16", "text": "environment"}, {"end": "00:09:20", "start": "00:09:16", "text": "via labor market incentives. So, that's"}, {"end": "00:09:21", "start": "00:09:19", "text": "kind of cool just in and of itself."}, {"end": "00:09:23", "start": "00:09:20", "text": "That's kind of cool. It's a lot of"}, {"end": "00:09:25", "start": "00:09:21", "text": "power. Um, but on the other hand,"}, {"end": "00:09:27", "start": "00:09:23", "text": "there's also this idea that every single"}, {"end": "00:09:29", "start": "00:09:25", "text": "time we add a new component, a new"}, {"end": "00:09:32", "start": "00:09:27", "text": "resource, something else into the game,"}, {"end": "00:09:33", "start": "00:09:29", "text": "we're creating a new I don't want to say"}, {"end": "00:09:35", "start": "00:09:32", "text": "it's a new career, but it's basically a"}, {"end": "00:09:37", "start": "00:09:33", "text": "new career. It's a new way to earn in"}, {"end": "00:09:38", "start": "00:09:35", "text": "that game, a new market. And so all of a"}, {"end": "00:09:40", "start": "00:09:37", "text": "sudden you can say, \"Oh, well, we're"}, {"end": "00:09:42", "start": "00:09:38", "text": "interested in maybe moving more people"}, {"end": "00:09:45", "start": "00:09:40", "text": "into this uh sector. So we're going to"}, {"end": "00:09:47", "start": "00:09:42", "text": "increase the um you know the the"}, {"end": "00:09:48", "start": "00:09:45", "text": "decrease the scare increase the"}, {"end": "00:09:50", "start": "00:09:47", "text": "scarcity, decrease the quantity, and all"}, {"end": "00:09:51", "start": "00:09:48", "text": "of a sudden that price will go up and"}, {"end": "00:09:54", "start": "00:09:50", "text": "we'll we'll move people around.\" So uh"}, {"end": "00:09:55", "start": "00:09:51", "text": "it's a lot of power to have over over a"}, {"end": "00:09:58", "start": "00:09:54", "text": "a virtual environment like this. Very"}, {"end": "00:09:59", "start": "00:09:55", "text": "very cool and not something that many"}, {"end": "00:10:01", "start": "00:09:58", "text": "traditional games can take advantage of"}, {"end": "00:10:04", "start": "00:09:59", "text": "in terms of the mechanic."}, {"end": "00:10:05", "start": "00:10:01", "text": ">> All right. Next, Chris talks about um"}, {"end": "00:10:08", "start": "00:10:04", "text": "how you'll, you know, acrew and gather"}, {"end": "00:10:10", "start": "00:10:05", "text": "up this black goo. And also, will you"}, {"end": "00:10:12", "start": "00:10:08", "text": "need a Star Atlas asset or will you need"}, {"end": "00:10:14", "start": "00:10:10", "text": "a crew card um in order to actually gain"}, {"end": "00:10:16", "start": "00:10:12", "text": "this black goo or can you just jump in"}, {"end": "00:10:17", "start": "00:10:14", "text": "the game and get it for free? Let's"}, {"end": "00:10:20", "start": "00:10:16", "text": "listen."}, {"end": "00:10:22", "start": "00:10:17", "text": ">> Um yeah, so so Bob pointed out goo"}, {"end": "00:10:24", "start": "00:10:20", "text": "should be skill-based and that is"}, {"end": "00:10:27", "start": "00:10:22", "text": "exactly the intention. Um so it'll"}, {"end": "00:10:30", "start": "00:10:24", "text": "honestly behave very similar to you,"}, {"end": "00:10:32", "start": "00:10:27", "text": "similarly to XP. Um, and the beautiful"}, {"end": "00:10:34", "start": "00:10:30", "text": "sneaky thing about what's going on with"}, {"end": "00:10:36", "start": "00:10:32", "text": "XP and crew is that we are able to,"}, {"end": "00:10:37", "start": "00:10:34", "text": "we're basically running an experiment"}, {"end": "00:10:40", "start": "00:10:36", "text": "right now with XP, it's going to give us"}, {"end": "00:10:42", "start": "00:10:37", "text": "a ton of information um, regarding"}, {"end": "00:10:44", "start": "00:10:40", "text": "earnings rates, how much players are"}, {"end": "00:10:47", "start": "00:10:42", "text": "able to get in a single session and in a"}, {"end": "00:10:48", "start": "00:10:44", "text": "single season, and that will inform our"}, {"end": "00:10:50", "start": "00:10:47", "text": "decisions, our design decisions around"}, {"end": "00:10:52", "start": "00:10:48", "text": "how Blacku will integrate with"}, {"end": "00:10:53", "start": "00:10:50", "text": "Starbased, i.e., how much of it should"}, {"end": "00:10:56", "start": "00:10:52", "text": "you get?"}, {"end": "00:10:56", "start": "00:10:53", "text": ">> Nice. Chris learner ask that question."}, {"end": "00:10:58", "start": "00:10:56", "text": "Mhm."}, {"end": "00:11:01", "start": "00:10:56", "text": ">> Uh this is also tied to actually only"}, {"end": "00:11:02", "start": "00:10:58", "text": "using owned assets in UI5. I presume"}, {"end": "00:11:05", "start": "00:11:01", "text": "like participating in this aspect of the"}, {"end": "00:11:08", "start": "00:11:02", "text": "economy will require the player to use"}, {"end": "00:11:10", "start": "00:11:05", "text": "status assets or any free-to-play guy"}, {"end": "00:11:12", "start": "00:11:08", "text": "can farm black goo."}, {"end": "00:11:14", "start": "00:11:10", "text": ">> That's actually a good question. I would"}, {"end": "00:11:16", "start": "00:11:12", "text": "need to get some clarity from the U5"}, {"end": "00:11:19", "start": "00:11:14", "text": "team. I know there are free characters"}, {"end": "00:11:20", "start": "00:11:16", "text": "that you can play in UI5. My preference,"}, {"end": "00:11:24", "start": "00:11:19", "text": "and I've said this on numerous"}, {"end": "00:11:25", "start": "00:11:20", "text": "occasions, I think that in order for I I"}, {"end": "00:11:28", "start": "00:11:24", "text": "do truly believe that in order for these"}, {"end": "00:11:30", "start": "00:11:25", "text": "types of economies to be uh sustainable,"}, {"end": "00:11:33", "start": "00:11:28", "text": "there has to be some skin in the game."}, {"end": "00:11:35", "start": "00:11:30", "text": "Um you don't go to your uh retirement,"}, {"end": "00:11:36", "start": "00:11:33", "text": "you know, fund manager and say, \"Hey, I"}, {"end": "00:11:38", "start": "00:11:35", "text": "want free money, please.\" They say,"}, {"end": "00:11:40", "start": "00:11:36", "text": "\"Okay, well, if you give me some money,"}, {"end": "00:11:41", "start": "00:11:38", "text": "then I can give you the money in"}, {"end": "00:11:42", "start": "00:11:40", "text": "exchange, but I can't give you free"}, {"end": "00:11:44", "start": "00:11:41", "text": "money.\" Um so, you know, I think that in"}, {"end": "00:11:46", "start": "00:11:42", "text": "order for this to be sustainable, we"}, {"end": "00:11:48", "start": "00:11:44", "text": "need that type of relationship. That's"}, {"end": "00:11:50", "start": "00:11:46", "text": "why I've always been pretty um a pretty"}, {"end": "00:11:52", "start": "00:11:48", "text": "staunch advocate that in order to earn"}, {"end": "00:11:53", "start": "00:11:50", "text": "in Starbase, you need to have a ship. I"}, {"end": "00:11:55", "start": "00:11:52", "text": "think that's a very powerful and"}, {"end": "00:11:57", "start": "00:11:53", "text": "important uh relationship. So, my"}, {"end": "00:12:00", "start": "00:11:55", "text": "preference would be that for sure you"}, {"end": "00:12:02", "start": "00:11:57", "text": "would be required to uh use a crew uh"}, {"end": "00:12:05", "start": "00:12:00", "text": "that is that was, you know, that came"}, {"end": "00:12:08", "start": "00:12:02", "text": "from a crew pack. So, an an NFT crew, a"}, {"end": "00:12:10", "start": "00:12:05", "text": "CNF crew, uh not the free crew that"}, {"end": "00:12:11", "start": "00:12:08", "text": "comes with the game. So, if you're using"}, {"end": "00:12:13", "start": "00:12:10", "text": "a free crew, you would not earn you"}, {"end": "00:12:15", "start": "00:12:11", "text": "would not accumulate Blacku. That's my"}, {"end": "00:12:16", "start": "00:12:13", "text": "strong preference."}, {"end": "00:12:18", "start": "00:12:15", "text": "All right, guys. Man, super exciting"}, {"end": "00:12:20", "start": "00:12:16", "text": "stuff. As always, make sure you hit that"}, {"end": "00:12:22", "start": "00:12:18", "text": "like button if you enjoy this video, if"}, {"end": "00:12:23", "start": "00:12:20", "text": "you enjoy this content, and make sure"}, {"end": "00:12:25", "start": "00:12:22", "text": "you're subscribed, man, because I'm"}, {"end": "00:12:26", "start": "00:12:23", "text": "putting out new Star Atlas videos all"}, {"end": "00:12:28", "start": "00:12:25", "text": "the time, and you don't want to miss"}, {"end": "00:12:30", "start": "00:12:26", "text": "out, man. I'll talk to you guys real"}, {"end": "00:12:33", "start": "00:12:28", "text": "soon. We got a town hall coming up"}, {"end": "00:12:33", "start": "00:12:30", "text": "later."}]

[{"end": "00:00:04", "start": "00:00:00", "text": "Yo, what's up captains and cadets? Man,"}, {"end": "00:00:06", "start": "00:00:02", "text": "we're going to jump into the brand new"}, {"end": "00:00:08", "start": "00:00:04", "text": "Unreal Engine 5 patch that was just"}, {"end": "00:00:10", "start": "00:00:06", "text": "released with the most recent Star Atlas"}, {"end": "00:00:12", "start": "00:00:08", "text": "town hall. There's some amazing things"}, {"end": "00:00:14", "start": "00:00:10", "text": "within this patch. We're looking like"}, {"end": "00:00:19", "start": "00:00:12", "text": "we're having a real game now. I'm loving"}, {"end": "00:00:19", "start": "00:00:14", "text": "it. Let's get into it. Let's go. Wow."}, {"end": "00:00:34", "start": "00:00:30", "text": "Wow. So, I'm launching the new version"}, {"end": "00:00:35", "start": "00:00:32", "text": "of the game, the new patch of the game"}, {"end": "00:00:37", "start": "00:00:34", "text": "for the first time ever. This is my"}, {"end": "00:00:38", "start": "00:00:35", "text": "first time seeing the loading screen."}, {"end": "00:00:40", "start": "00:00:37", "text": "That was awesome. Automata, the creators"}, {"end": "00:00:42", "start": "00:00:38", "text": "of Star Atlas along with all the"}, {"end": "00:00:44", "start": "00:00:40", "text": "partners of the creation of this game"}, {"end": "00:00:46", "start": "00:00:42", "text": "right there. The game is looking a lot"}, {"end": "00:00:48", "start": "00:00:44", "text": "more professional every single day. Um,"}, {"end": "00:00:50", "start": "00:00:46", "text": "and so here is the new default loading"}, {"end": "00:00:52", "start": "00:00:48", "text": "screen. This is pretty sick looking. So,"}, {"end": "00:00:54", "start": "00:00:50", "text": "this got a total face lift um since the"}, {"end": "00:00:55", "start": "00:00:52", "text": "last time I played the game. Um you can"}, {"end": "00:00:57", "start": "00:00:54", "text": "see the animated waterfall in the"}, {"end": "00:00:59", "start": "00:00:55", "text": "background, the summary type scene. You"}, {"end": "00:01:01", "start": "00:00:57", "text": "can see this little uh this is looks"}, {"end": "00:01:02", "start": "00:00:59", "text": "like um almost those little asteroids"}, {"end": "00:01:04", "start": "00:01:01", "text": "around the sun kind of look like a"}, {"end": "00:01:06", "start": "00:01:02", "text": "little homage to um the fleet command"}, {"end": "00:01:09", "start": "00:01:04", "text": "aspect of the game. So, what's up mud"}, {"end": "00:01:11", "start": "00:01:06", "text": "zonies? Woohoo! The new Unreal Engine 5"}, {"end": "00:01:14", "start": "00:01:09", "text": "patch. Um there was a trailer also um"}, {"end": "00:01:16", "start": "00:01:11", "text": "released along with this game and um at"}, {"end": "00:01:18", "start": "00:01:14", "text": "the very end of the trailer, it was said"}, {"end": "00:01:20", "start": "00:01:16", "text": "to be the new preseason patch. And so"}, {"end": "00:01:23", "start": "00:01:18", "text": "this was all given to us in the brand"}, {"end": "00:01:26", "start": "00:01:20", "text": "new um uh town hall that we just had. It"}, {"end": "00:01:27", "start": "00:01:23", "text": "is the first of three summer town halls."}, {"end": "00:01:30", "start": "00:01:26", "text": "This one concentrated all about this"}, {"end": "00:01:32", "start": "00:01:27", "text": "Unreal Engine 5 patch. Um and if you are"}, {"end": "00:01:33", "start": "00:01:30", "text": "new to Star Atlas and loving what you"}, {"end": "00:01:34", "start": "00:01:32", "text": "see, don't worry, man. You can actually"}, {"end": "00:01:36", "start": "00:01:33", "text": "play this for absolutely for free. And"}, {"end": "00:01:38", "start": "00:01:34", "text": "I'll do a little demo at the very end of"}, {"end": "00:01:40", "start": "00:01:36", "text": "the of this video. Um you guys can stick"}, {"end": "00:01:42", "start": "00:01:38", "text": "around and see how you can play the"}, {"end": "00:01:43", "start": "00:01:40", "text": "game. Um you'll start off with this um"}, {"end": "00:01:45", "start": "00:01:42", "text": "this default character and you can just"}, {"end": "00:01:46", "start": "00:01:43", "text": "actually explore the game and see if you"}, {"end": "00:01:47", "start": "00:01:45", "text": "kind of like it. Um, if you want to do"}, {"end": "00:01:48", "start": "00:01:46", "text": "some of the other things that we're"}, {"end": "00:01:50", "start": "00:01:47", "text": "going to talk about in the game, you"}, {"end": "00:01:53", "start": "00:01:48", "text": "will need a Salana based wallet and some"}, {"end": "00:01:54", "start": "00:01:50", "text": "crew cards. Um, but that's really all"}, {"end": "00:01:56", "start": "00:01:53", "text": "you really need to actually enjoy most"}, {"end": "00:01:58", "start": "00:01:54", "text": "of what we're going to talk about. Um,"}, {"end": "00:01:59", "start": "00:01:56", "text": "you can also buy some like ships that"}, {"end": "00:02:00", "start": "00:01:58", "text": "are only a couple bucks, you know, that"}, {"end": "00:02:02", "start": "00:01:59", "text": "you can actually jump on and fly, but"}, {"end": "00:02:04", "start": "00:02:00", "text": "there's a lot of demo ships all all the"}, {"end": "00:02:05", "start": "00:02:02", "text": "time here um, in this version of the"}, {"end": "00:02:07", "start": "00:02:04", "text": "game that you can just try out for free."}, {"end": "00:02:09", "start": "00:02:05", "text": "So, for the most part, you can see you"}, {"end": "00:02:11", "start": "00:02:07", "text": "can do a lot a lot just just by logging"}, {"end": "00:02:13", "start": "00:02:09", "text": "in and getting that free code from the"}, {"end": "00:02:14", "start": "00:02:11", "text": "Star Atlas Discord. So, again, hang"}, {"end": "00:02:15", "start": "00:02:13", "text": "tight at the end of the video. We'll"}, {"end": "00:02:17", "start": "00:02:14", "text": "talk about that. So, everyone else"}, {"end": "00:02:19", "start": "00:02:15", "text": "that's been around for a while, uh, man."}, {"end": "00:02:22", "start": "00:02:17", "text": "So, what do you guys think about this"}, {"end": "00:02:25", "start": "00:02:19", "text": "loading screen? Pretty awesome, huh? And"}, {"end": "00:02:26", "start": "00:02:22", "text": "what you have to do in order to now be"}, {"end": "00:02:27", "start": "00:02:25", "text": "able to level up your characters, you"}, {"end": "00:02:28", "start": "00:02:26", "text": "first have to link your wallet. So,"}, {"end": "00:02:30", "start": "00:02:27", "text": "that's what I'm going to do right here."}, {"end": "00:02:33", "start": "00:02:28", "text": "You can see my BTHooster wallet. I'm"}, {"end": "00:02:35", "start": "00:02:30", "text": "going to I'm going to uh yeah, sign on"}, {"end": "00:02:36", "start": "00:02:33", "text": "into that. All right. So, these are all"}, {"end": "00:02:38", "start": "00:02:35", "text": "my different characters that I have in"}, {"end": "00:02:39", "start": "00:02:36", "text": "this wallet. Um, and so I'm going to"}, {"end": "00:02:41", "start": "00:02:38", "text": "have to choose some guys that I'm going"}, {"end": "00:02:43", "start": "00:02:39", "text": "to have to level up. I love this green"}, {"end": "00:02:45", "start": "00:02:41", "text": "rooster right here. Um, but I think I"}, {"end": "00:02:46", "start": "00:02:43", "text": "should level up my legendary character"}, {"end": "00:02:48", "start": "00:02:45", "text": "right here. This orange one. It is a"}, {"end": "00:02:49", "start": "00:02:46", "text": "pretty slick looking outfit, too. Um, I"}, {"end": "00:02:52", "start": "00:02:48", "text": "haven't seen a lot of people using um"}, {"end": "00:02:55", "start": "00:02:49", "text": "any of uh this style. So, I think I'm"}, {"end": "00:02:56", "start": "00:02:52", "text": "going to select him to level up. Um,"}, {"end": "00:02:58", "start": "00:02:55", "text": "yep. There's a little heart right here"}, {"end": "00:03:00", "start": "00:02:56", "text": "that shows that he's been selected. And"}, {"end": "00:03:03", "start": "00:02:58", "text": "let me go look for a couple different um"}, {"end": "00:03:04", "start": "00:03:00", "text": "different ones. Um, cuz I also Oh, this"}, {"end": "00:03:07", "start": "00:03:03", "text": "guy. I like this guy a lot with his"}, {"end": "00:03:09", "start": "00:03:04", "text": "glasses. So, he's my epic ME. I'm"}, {"end": "00:03:12", "start": "00:03:07", "text": "definitely going to select him, too. See"}, {"end": "00:03:13", "start": "00:03:09", "text": "who else do I got? We got now the"}, {"end": "00:03:15", "start": "00:03:12", "text": "ladies. I feel like Star Atlas has to do"}, {"end": "00:03:16", "start": "00:03:13", "text": "some work on the ladies cuz look how"}, {"end": "00:03:18", "start": "00:03:15", "text": "cool my crew card is and look kind I"}, {"end": "00:03:19", "start": "00:03:16", "text": "don't know if I'm loving what she looks"}, {"end": "00:03:22", "start": "00:03:18", "text": "like there. But I will eventually have"}, {"end": "00:03:24", "start": "00:03:19", "text": "to level up um all the female versions"}, {"end": "00:03:27", "start": "00:03:22", "text": "of the species too. But um here is my"}, {"end": "00:03:29", "start": "00:03:24", "text": "pretty cool rare looking um mud. And so"}, {"end": "00:03:31", "start": "00:03:27", "text": "I'm going to select him too. Uh I don't"}, {"end": "00:03:33", "start": "00:03:29", "text": "think I have an epic mud, so we're going"}, {"end": "00:03:35", "start": "00:03:31", "text": "to stick with him. Now if I hit escape,"}, {"end": "00:03:36", "start": "00:03:33", "text": "I can go back to the loading screen and"}, {"end": "00:03:38", "start": "00:03:35", "text": "we see my three characters. I have"}, {"end": "00:03:40", "start": "00:03:36", "text": "chosen to level up. Loving them. Loving"}, {"end": "00:03:42", "start": "00:03:38", "text": "them. Loving them. and they look awesome"}, {"end": "00:03:44", "start": "00:03:40", "text": "with this background. Um, I'm going to"}, {"end": "00:03:45", "start": "00:03:42", "text": "have to take a screenshot of this, huh?"}, {"end": "00:03:47", "start": "00:03:44", "text": "You'll probably see that as my thumbnail"}, {"end": "00:03:49", "start": "00:03:45", "text": "because I'm loving this right here. All"}, {"end": "00:03:51", "start": "00:03:47", "text": "right, so um let's go back into our"}, {"end": "00:03:53", "start": "00:03:49", "text": "selectable characters. All right, so we"}, {"end": "00:03:55", "start": "00:03:51", "text": "have Garcia Toads right here. So he's"}, {"end": "00:03:57", "start": "00:03:53", "text": "he's one of the muds that I'm going to"}, {"end": "00:04:00", "start": "00:03:55", "text": "level up. So I'll have um Orri, I'll"}, {"end": "00:04:02", "start": "00:03:57", "text": "have Tyrugi and Garcia. Those are my"}, {"end": "00:04:04", "start": "00:04:00", "text": "first guys. It's a mud on and aster. And"}, {"end": "00:04:05", "start": "00:04:02", "text": "um we'll talk about leveling up in just"}, {"end": "00:04:06", "start": "00:04:04", "text": "a second and the rewards you can get for"}, {"end": "00:04:09", "start": "00:04:05", "text": "leveling up, but I just want to go into"}, {"end": "00:04:10", "start": "00:04:06", "text": "customization real fast. Um hopefully my"}, {"end": "00:04:13", "start": "00:04:09", "text": "head's not in the way, but if we go to"}, {"end": "00:04:16", "start": "00:04:10", "text": "customization button right here, um you"}, {"end": "00:04:18", "start": "00:04:13", "text": "can see that here Garcia um Toads um you"}, {"end": "00:04:21", "start": "00:04:16", "text": "can read a little bit about him, what he"}, {"end": "00:04:24", "start": "00:04:18", "text": "is. He's a um he's a male. His health is"}, {"end": "00:04:26", "start": "00:04:21", "text": "125. He's a human. Um his um r he's a"}, {"end": "00:04:28", "start": "00:04:24", "text": "rare rarity with a science engineering"}, {"end": "00:04:30", "start": "00:04:26", "text": "and operator for his aptitudes. Um but"}, {"end": "00:04:32", "start": "00:04:28", "text": "you can see right here are this is like"}, {"end": "00:04:34", "start": "00:04:30", "text": "what's really cool and what's new to the"}, {"end": "00:04:37", "start": "00:04:32", "text": "brand new Star Atlas update and it's our"}, {"end": "00:04:39", "start": "00:04:34", "text": "weapons loadout. So, um you start off"}, {"end": "00:04:42", "start": "00:04:37", "text": "with this GAN kinetic pistol and the um"}, {"end": "00:04:44", "start": "00:04:39", "text": "GAN kinetic auto rifle. Right now, as"}, {"end": "00:04:45", "start": "00:04:42", "text": "you level up your character, different"}, {"end": "00:04:46", "start": "00:04:44", "text": "things are going to unlock, including"}, {"end": "00:04:48", "start": "00:04:45", "text": "like different types of grenades. Um"}, {"end": "00:04:50", "start": "00:04:46", "text": "different types of shield. This bubby"}, {"end": "00:04:51", "start": "00:04:48", "text": "right here is the shield. Um the soul"}, {"end": "00:04:55", "start": "00:04:50", "text": "jetty, the palm jetty. Those are like"}, {"end": "00:04:57", "start": "00:04:51", "text": "your different um movement um uh uh what"}, {"end": "00:04:58", "start": "00:04:55", "text": "are what would you call like thrusters"}, {"end": "00:05:00", "start": "00:04:57", "text": "that basically go on your hands and your"}, {"end": "00:05:02", "start": "00:04:58", "text": "feet. Um, and as you unlock the"}, {"end": "00:05:03", "start": "00:05:00", "text": "character, more of these slots will"}, {"end": "00:05:05", "start": "00:05:02", "text": "unlock, so you can carry more and more"}, {"end": "00:05:06", "start": "00:05:03", "text": "weapons or larger weapons such as I"}, {"end": "00:05:08", "start": "00:05:05", "text": "believe they were saying that like the"}, {"end": "00:05:09", "start": "00:05:06", "text": "shotgun takes up three slots, whereas,"}, {"end": "00:05:12", "start": "00:05:08", "text": "you know, just the pistols take up one,"}, {"end": "00:05:13", "start": "00:05:09", "text": "for instance. Um, so that is super fun."}, {"end": "00:05:15", "start": "00:05:12", "text": "Um, and customization is basically just"}, {"end": "00:05:18", "start": "00:05:13", "text": "skins, which we don't have quite in the"}, {"end": "00:05:20", "start": "00:05:15", "text": "game just yet. And then we have, um,"}, {"end": "00:05:22", "start": "00:05:18", "text": "preset one, two, and three. So you can"}, {"end": "00:05:24", "start": "00:05:20", "text": "just name your different loadouts, which"}, {"end": "00:05:26", "start": "00:05:22", "text": "is a lot of fun. Um, now let's just look"}, {"end": "00:05:28", "start": "00:05:24", "text": "at the what you start off with with your"}, {"end": "00:05:30", "start": "00:05:26", "text": "shield. You start off with basically the"}, {"end": "00:05:31", "start": "00:05:28", "text": "balance bubby right here. It's"}, {"end": "00:05:33", "start": "00:05:30", "text": "basically, you know, like pretty much"}, {"end": "00:05:35", "start": "00:05:31", "text": "50% almost all of it. You have a little"}, {"end": "00:05:37", "start": "00:05:33", "text": "extra shield break regen delay. Um, but"}, {"end": "00:05:38", "start": "00:05:35", "text": "you'll be able to as you get new"}, {"end": "00:05:40", "start": "00:05:37", "text": "shields, it'll give different balance to"}, {"end": "00:05:43", "start": "00:05:38", "text": "the points, the regen rate, and the hit"}, {"end": "00:05:45", "start": "00:05:40", "text": "regen rate. Um, which is pretty cool."}, {"end": "00:05:48", "start": "00:05:43", "text": "Um, let's go back and look at now these"}, {"end": "00:05:51", "start": "00:05:45", "text": "are your feet boosters. Um, you can see"}, {"end": "00:05:53", "start": "00:05:48", "text": "right now, um, you have zero slide"}, {"end": "00:05:56", "start": "00:05:51", "text": "distance, but you have 100% dash juice"}, {"end": "00:05:59", "start": "00:05:53", "text": "cost. Um, and then you have some highs"}, {"end": "00:06:00", "start": "00:05:56", "text": "and lows. So depending on whatever um"}, {"end": "00:06:03", "start": "00:05:59", "text": "feet boosters that you get, any of those"}, {"end": "00:06:05", "start": "00:06:00", "text": "um foot thrusters um will probably take"}, {"end": "00:06:06", "start": "00:06:03", "text": "maybe might take away a little of that"}, {"end": "00:06:08", "start": "00:06:05", "text": "dash juice, but actually give you some"}, {"end": "00:06:11", "start": "00:06:06", "text": "slide distance, you know. Um oh, you"}, {"end": "00:06:13", "start": "00:06:08", "text": "also have um slide juice cost at 100%."}, {"end": "00:06:16", "start": "00:06:11", "text": "Um I'm sure that you know depending on"}, {"end": "00:06:17", "start": "00:06:13", "text": "what you you know what one you have um"}, {"end": "00:06:19", "start": "00:06:16", "text": "you know committed to your character"}, {"end": "00:06:21", "start": "00:06:17", "text": "like that might go down but some one of"}, {"end": "00:06:22", "start": "00:06:19", "text": "the other perks might go back up. Pretty"}, {"end": "00:06:24", "start": "00:06:21", "text": "fun to see. It'll be really fun to play"}, {"end": "00:06:26", "start": "00:06:22", "text": "with the different types of movements."}, {"end": "00:06:28", "start": "00:06:24", "text": "And speaking of that, there are also the"}, {"end": "00:06:29", "start": "00:06:26", "text": "palm jetties. And so that's when like"}, {"end": "00:06:31", "start": "00:06:28", "text": "when you kind of go into like superman"}, {"end": "00:06:33", "start": "00:06:29", "text": "mode and you start flying really fast."}, {"end": "00:06:35", "start": "00:06:31", "text": "So um this doesn't have as many as the"}, {"end": "00:06:37", "start": "00:06:33", "text": "feed boosters, like different things um"}, {"end": "00:06:39", "start": "00:06:35", "text": "that you can juice up or juice down, but"}, {"end": "00:06:41", "start": "00:06:37", "text": "it has the boost speed, the juice per"}, {"end": "00:06:43", "start": "00:06:39", "text": "second, and the time multiplier. And you"}, {"end": "00:06:44", "start": "00:06:41", "text": "can see the time multiplier is at 100%."}, {"end": "00:06:46", "start": "00:06:43", "text": "So I'm guessing that when you get some"}, {"end": "00:06:48", "start": "00:06:44", "text": "more boost speed or juice per second"}, {"end": "00:06:49", "start": "00:06:46", "text": "that maybe the uh the reload time"}, {"end": "00:06:52", "start": "00:06:48", "text": "multiplier might go down, but you might"}, {"end": "00:06:55", "start": "00:06:49", "text": "get those other two perks um balanced"}, {"end": "00:06:56", "start": "00:06:52", "text": "back up. So, pretty cool stuff. So, the"}, {"end": "00:06:58", "start": "00:06:55", "text": "other thing is that the um there's going"}, {"end": "00:07:00", "start": "00:06:56", "text": "to be different color modes depending on"}, {"end": "00:07:01", "start": "00:06:58", "text": "um which soul jetty and palm jetty that"}, {"end": "00:07:02", "start": "00:07:00", "text": "you put on there. So, you'll be able to"}, {"end": "00:07:04", "start": "00:07:01", "text": "kind of give your character a new look"}, {"end": "00:07:05", "start": "00:07:02", "text": "as you're playing the game. And also,"}, {"end": "00:07:06", "start": "00:07:04", "text": "you'll be able to tell if another"}, {"end": "00:07:08", "start": "00:07:05", "text": "character has one of these like special"}, {"end": "00:07:10", "start": "00:07:06", "text": "perks by um you know, the way they're"}, {"end": "00:07:11", "start": "00:07:08", "text": "flying and stuff like that, which I kind"}, {"end": "00:07:12", "start": "00:07:10", "text": "of find kind of cool because maybe you"}, {"end": "00:07:13", "start": "00:07:11", "text": "don't want to get in battle with them or"}, {"end": "00:07:15", "start": "00:07:12", "text": "if you like the way the guy is playing,"}, {"end": "00:07:17", "start": "00:07:13", "text": "his gaming style that maybe you can"}, {"end": "00:07:18", "start": "00:07:15", "text": "figure out um you know, which one of the"}, {"end": "00:07:20", "start": "00:07:17", "text": "soul jetties, palm jetties, or the"}, {"end": "00:07:21", "start": "00:07:18", "text": "combo, you know, of both that that he's"}, {"end": "00:07:23", "start": "00:07:20", "text": "actually utilizing to get the movement"}, {"end": "00:07:25", "start": "00:07:21", "text": "that he's using. So, I think that's"}, {"end": "00:07:28", "start": "00:07:23", "text": "pretty neat stuff right there. Now,"}, {"end": "00:07:30", "start": "00:07:25", "text": "let's go to the rewards."}, {"end": "00:07:32", "start": "00:07:28", "text": "So, I was talking about leveling up each"}, {"end": "00:07:33", "start": "00:07:30", "text": "of the species. If we go over here to"}, {"end": "00:07:35", "start": "00:07:32", "text": "the little cup icon or you can go up to"}, {"end": "00:07:36", "start": "00:07:33", "text": "the very top and hit it right there. You"}, {"end": "00:07:38", "start": "00:07:35", "text": "can see that by just by playing the game"}, {"end": "00:07:40", "start": "00:07:36", "text": "they're going to be doing a giveaway."}, {"end": "00:07:43", "start": "00:07:38", "text": "And I'm not I don't think it's like, you"}, {"end": "00:07:44", "start": "00:07:40", "text": "know, like you you um get to a certain"}, {"end": "00:07:46", "start": "00:07:43", "text": "point, you unlock this one, then get to"}, {"end": "00:07:48", "start": "00:07:44", "text": "a certain point, unlock this one. I I"}, {"end": "00:07:50", "start": "00:07:46", "text": "pro it most likely be a screenshot taken"}, {"end": "00:07:52", "start": "00:07:48", "text": "or a snap snapshot taken at one certain"}, {"end": "00:07:53", "start": "00:07:50", "text": "point of your character or all your"}, {"end": "00:07:55", "start": "00:07:52", "text": "characters and then they they're going"}, {"end": "00:07:56", "start": "00:07:53", "text": "to give out these rewards. Um but let's"}, {"end": "00:07:59", "start": "00:07:55", "text": "look at them right here. It says uh"}, {"end": "00:08:01", "start": "00:07:56", "text": "silver five pack. So, gain prestige"}, {"end": "00:08:03", "start": "00:07:59", "text": "level one with four different characters"}, {"end": "00:08:04", "start": "00:08:01", "text": "and you're going to get a five card crew"}, {"end": "00:08:05", "start": "00:08:03", "text": "pack. So, you'll be able to level those"}, {"end": "00:08:08", "start": "00:08:04", "text": "up one those characters up one day."}, {"end": "00:08:10", "start": "00:08:05", "text": "Right now, a silver um crew pack gives"}, {"end": "00:08:12", "start": "00:08:08", "text": "you um every, you know, anywhere from"}, {"end": "00:08:14", "start": "00:08:10", "text": "uncommon all the way up to uh anomaly um"}, {"end": "00:08:17", "start": "00:08:12", "text": "crew cards. Um most likely you're going"}, {"end": "00:08:19", "start": "00:08:14", "text": "to get kind of the lower end. Um now,"}, {"end": "00:08:21", "start": "00:08:17", "text": "the gold five card pack you will gain"}, {"end": "00:08:23", "start": "00:08:19", "text": "you you will need to gain prestige level"}, {"end": "00:08:25", "start": "00:08:21", "text": "one with eight different characters um"}, {"end": "00:08:26", "start": "00:08:23", "text": "or character groups. We'll go over what"}, {"end": "00:08:28", "start": "00:08:25", "text": "those are in just a second. Um, but that"}, {"end": "00:08:30", "start": "00:08:26", "text": "will give you a guaranteed uncommon or"}, {"end": "00:08:31", "start": "00:08:28", "text": "above by the gold packs. Then you have"}, {"end": "00:08:34", "start": "00:08:30", "text": "the platinum five card packs that'll"}, {"end": "00:08:36", "start": "00:08:31", "text": "give you a rare crew card or above. And"}, {"end": "00:08:38", "start": "00:08:34", "text": "that will be a gain prestige level one"}, {"end": "00:08:39", "start": "00:08:36", "text": "with 12 different character groups. And"}, {"end": "00:08:41", "start": "00:08:38", "text": "then a brand new one. We've never even"}, {"end": "00:08:44", "start": "00:08:39", "text": "seen these character packs before. This"}, {"end": "00:08:46", "start": "00:08:41", "text": "is the diamond five character pack. So"}, {"end": "00:08:48", "start": "00:08:44", "text": "this character pack will give you a gain"}, {"end": "00:08:50", "start": "00:08:46", "text": "prestige level 10 with 12 different"}, {"end": "00:08:52", "start": "00:08:48", "text": "character groups. Um, so this is pretty"}, {"end": "00:08:54", "start": "00:08:50", "text": "cool. So, you'll get a you'll be"}, {"end": "00:08:57", "start": "00:08:52", "text": "absolutely 100% sure you're going to get"}, {"end": "00:08:58", "start": "00:08:54", "text": "at least an epic um crew card by opening"}, {"end": "00:08:59", "start": "00:08:57", "text": "up one of these. They're definitely"}, {"end": "00:09:01", "start": "00:08:58", "text": "going to be sought after, but u the way"}, {"end": "00:09:02", "start": "00:08:59", "text": "the crew was talking, the dev crew for"}, {"end": "00:09:04", "start": "00:09:01", "text": "Star Atlas, you're going to have to"}, {"end": "00:09:06", "start": "00:09:02", "text": "really grind to get one of these uh crew"}, {"end": "00:09:08", "start": "00:09:04", "text": "packs right here. Um but, you know, I I"}, {"end": "00:09:09", "start": "00:09:06", "text": "know some guys are going to be able to"}, {"end": "00:09:11", "start": "00:09:08", "text": "do that because some guys are playing"}, {"end": "00:09:12", "start": "00:09:09", "text": "Star Atlas every single day and for"}, {"end": "00:09:13", "start": "00:09:11", "text": "hours and hours a day. A lot of them are"}, {"end": "00:09:14", "start": "00:09:12", "text": "training for different types of"}, {"end": "00:09:16", "start": "00:09:13", "text": "tournaments and stuff like that that the"}, {"end": "00:09:18", "start": "00:09:14", "text": "community throws. So, you know, I think"}, {"end": "00:09:20", "start": "00:09:16", "text": "that some of the guys will will make"}, {"end": "00:09:21", "start": "00:09:18", "text": "that grind for sure. Now, we were"}, {"end": "00:09:24", "start": "00:09:20", "text": "talking about the crew level. Like, what"}, {"end": "00:09:25", "start": "00:09:21", "text": "do you get? Um, I think my face might be"}, {"end": "00:09:27", "start": "00:09:24", "text": "in the way, but we're just going to go"}, {"end": "00:09:29", "start": "00:09:25", "text": "with it a little bit. Um, hold on one"}, {"end": "00:09:31", "start": "00:09:27", "text": "sec, actually. There we go. Now you guys"}, {"end": "00:09:34", "start": "00:09:29", "text": "can see. So, um, so um you can see right"}, {"end": "00:09:35", "start": "00:09:31", "text": "here um all the different um characters"}, {"end": "00:09:37", "start": "00:09:34", "text": "that you'd have to level up. Um, so when"}, {"end": "00:09:38", "start": "00:09:35", "text": "it was talking about, you know, four"}, {"end": "00:09:39", "start": "00:09:37", "text": "different species, five different"}, {"end": "00:09:41", "start": "00:09:38", "text": "species, you know, eight different um"}, {"end": "00:09:42", "start": "00:09:39", "text": "species. So, it's pretty much the male"}, {"end": "00:09:45", "start": "00:09:41", "text": "and female of every single one. So"}, {"end": "00:09:48", "start": "00:09:42", "text": "female human male human the male and"}, {"end": "00:09:50", "start": "00:09:45", "text": "female high punob um the um male and"}, {"end": "00:09:53", "start": "00:09:48", "text": "female mirees the male and female"}, {"end": "00:09:55", "start": "00:09:50", "text": "profound punob the male and female sian"}, {"end": "00:09:57", "start": "00:09:53", "text": "and then it is the large body for the"}, {"end": "00:09:59", "start": "00:09:55", "text": "ooster like the the um the rooster body"}, {"end": "00:10:00", "start": "00:09:57", "text": "one and two. So we have like the tank"}, {"end": "00:10:02", "start": "00:09:59", "text": "ooster and then you have the thinner"}, {"end": "00:10:04", "start": "00:10:00", "text": "rooster and then these two down here the"}, {"end": "00:10:04", "start": "00:10:02", "text": "fatality and twofa those are anomaly"}, {"end": "00:10:06", "start": "00:10:04", "text": "cards. You don't have to worry about"}, {"end": "00:10:08", "start": "00:10:04", "text": "those only a few people on the planet"}, {"end": "00:10:09", "start": "00:10:06", "text": "even own you know those cards right"}, {"end": "00:10:11", "start": "00:10:08", "text": "there. They're the most soughtafter"}, {"end": "00:10:12", "start": "00:10:09", "text": "cards in Star Atlas. So you can see at"}, {"end": "00:10:13", "start": "00:10:11", "text": "level one you get the, you know,"}, {"end": "00:10:15", "start": "00:10:12", "text": "everything that we just talked about"}, {"end": "00:10:16", "start": "00:10:13", "text": "right there. At level two, you get a"}, {"end": "00:10:18", "start": "00:10:15", "text": "starter grenade number one. So you get"}, {"end": "00:10:20", "start": "00:10:16", "text": "the grenades and then you get a GAN"}, {"end": "00:10:22", "start": "00:10:18", "text": "energy pistol. And then level um three"}, {"end": "00:10:25", "start": "00:10:20", "text": "you get the dash souls. Level four you"}, {"end": "00:10:26", "start": "00:10:22", "text": "get a um quick bubby. Level five you get"}, {"end": "00:10:28", "start": "00:10:25", "text": "turbo palms and a number two weapon"}, {"end": "00:10:31", "start": "00:10:26", "text": "slot. Number six you get a GAN scout"}, {"end": "00:10:32", "start": "00:10:28", "text": "rifle. Number seven you level seven you"}, {"end": "00:10:34", "start": "00:10:31", "text": "get power palms. Level eight you get"}, {"end": "00:10:35", "start": "00:10:32", "text": "swift souls. Level nine you get the tank"}, {"end": "00:10:38", "start": "00:10:34", "text": "bubble. And here in the middle is level"}, {"end": "00:10:40", "start": "00:10:35", "text": "10 you get the GAN energy auto rifle and"}, {"end": "00:10:42", "start": "00:10:38", "text": "the starter the second starter grenade."}, {"end": "00:10:44", "start": "00:10:40", "text": "and plus two weapon slots. So, you get"}, {"end": "00:10:46", "start": "00:10:42", "text": "two more weapon slots. And then let's go"}, {"end": "00:10:49", "start": "00:10:44", "text": "to 1112. So, as you keep leveling up,"}, {"end": "00:10:52", "start": "00:10:46", "text": "level 11 is the eco palms, 12 is sprint"}, {"end": "00:10:53", "start": "00:10:49", "text": "souls, 13 you get a kinetic shotgun. I I"}, {"end": "00:10:54", "start": "00:10:52", "text": "totally want to get at least one of my"}, {"end": "00:10:57", "start": "00:10:53", "text": "characters up to there, so I love the"}, {"end": "00:10:59", "start": "00:10:54", "text": "shotgun. Um, level 14 is the spike"}, {"end": "00:11:00", "start": "00:10:57", "text": "bubble. Level 15 are the drain palms."}, {"end": "00:11:01", "start": "00:10:59", "text": "There's a bunch of snipers out there."}, {"end": "00:11:03", "start": "00:11:00", "text": "I'm sure a lot of people are going to"}, {"end": "00:11:06", "start": "00:11:01", "text": "want. Level 16, you get the GAN sniper"}, {"end": "00:11:09", "start": "00:11:03", "text": "rifle. 17 are the eco souls. 18 is the"}, {"end": "00:11:11", "start": "00:11:06", "text": "crouch bubble. 19 is the Gatling gun."}, {"end": "00:11:14", "start": "00:11:09", "text": "And then 20 are the stealth souls, the"}, {"end": "00:11:16", "start": "00:11:11", "text": "reload palms, and the impact bubby."}, {"end": "00:11:18", "start": "00:11:14", "text": "Pretty cool stuff."}, {"end": "00:11:20", "start": "00:11:16", "text": "All right, so let's kind of like jump"}, {"end": "00:11:21", "start": "00:11:18", "text": "into a couple other things that is new"}, {"end": "00:11:24", "start": "00:11:20", "text": "to the game. So if you hit the play"}, {"end": "00:11:26", "start": "00:11:21", "text": "button right here"}, {"end": "00:11:29", "start": "00:11:24", "text": "and you go to join session, this is how"}, {"end": "00:11:31", "start": "00:11:26", "text": "you'll level up your character. Um, now"}, {"end": "00:11:33", "start": "00:11:29", "text": "it has at the moment it has matchmaking"}, {"end": "00:11:35", "start": "00:11:31", "text": "region only. And I believe that we're"}, {"end": "00:11:36", "start": "00:11:33", "text": "going to have matchmaking skill-based"}, {"end": "00:11:38", "start": "00:11:35", "text": "very very soon as more and more people"}, {"end": "00:11:40", "start": "00:11:36", "text": "start to play. But right now it is uh"}, {"end": "00:11:42", "start": "00:11:38", "text": "regional. And so I live in North America"}, {"end": "00:11:45", "start": "00:11:40", "text": "so I would want to jump into the North"}, {"end": "00:11:48", "start": "00:11:42", "text": "American weekly arena. Um and if you"}, {"end": "00:11:50", "start": "00:11:45", "text": "want to um if you want to actually have"}, {"end": "00:11:51", "start": "00:11:48", "text": "your own match, like if you want to just"}, {"end": "00:11:54", "start": "00:11:50", "text": "actually create your own match, you can"}, {"end": "00:11:57", "start": "00:11:51", "text": "at any time. So like um I can go to gun"}, {"end": "00:11:59", "start": "00:11:54", "text": "game right here and I can Oh, this is"}, {"end": "00:12:01", "start": "00:11:57", "text": "join session. Let me go back for a sec."}, {"end": "00:12:03", "start": "00:11:59", "text": "I can do host session and I can actually"}, {"end": "00:12:04", "start": "00:12:01", "text": "still create my own game, but that will"}, {"end": "00:12:05", "start": "00:12:03", "text": "not level you up. So, you can still play"}, {"end": "00:12:07", "start": "00:12:04", "text": "with all your friends. If you just want"}, {"end": "00:12:08", "start": "00:12:05", "text": "to like host a session and have a couple"}, {"end": "00:12:10", "start": "00:12:07", "text": "friends playing and stuff, you can"}, {"end": "00:12:11", "start": "00:12:08", "text": "actually do that. But, um, in order to"}, {"end": "00:12:12", "start": "00:12:10", "text": "level up your character and get all"}, {"end": "00:12:14", "start": "00:12:11", "text": "those different perks, you're going to"}, {"end": "00:12:16", "start": "00:12:12", "text": "have to play these, um, different death"}, {"end": "00:12:17", "start": "00:12:14", "text": "matches. And that's the team's doing"}, {"end": "00:12:19", "start": "00:12:16", "text": "that on purpose so they can actually"}, {"end": "00:12:20", "start": "00:12:17", "text": "funnel people all in and start, you"}, {"end": "00:12:22", "start": "00:12:19", "text": "know, like start really getting people"}, {"end": "00:12:24", "start": "00:12:20", "text": "to play all together, you know. So, the"}, {"end": "00:12:26", "start": "00:12:22", "text": "other thing is that they're going to be"}, {"end": "00:12:28", "start": "00:12:24", "text": "changing um changing out like what mode"}, {"end": "00:12:30", "start": "00:12:26", "text": "there is and like maybe what racetrack"}, {"end": "00:12:32", "start": "00:12:28", "text": "and what map. So, right now they're"}, {"end": "00:12:34", "start": "00:12:30", "text": "doing team deathmatch for this very"}, {"end": "00:12:35", "start": "00:12:32", "text": "moment at Pisoul's Arena or you are"}, {"end": "00:12:37", "start": "00:12:34", "text": "actually going to be playing the race"}, {"end": "00:12:40", "start": "00:12:35", "text": "mode and you're going to be playing in"}, {"end": "00:12:41", "start": "00:12:37", "text": "the very new map which is the um Exonod"}, {"end": "00:12:44", "start": "00:12:40", "text": "map. I think that's how you pronounce"}, {"end": "00:12:46", "start": "00:12:41", "text": "it. Um so, only six people per race but"}, {"end": "00:12:48", "start": "00:12:44", "text": "16 people per match. Um I want to join"}, {"end": "00:12:50", "start": "00:12:46", "text": "the session just for a second. Um let's"}, {"end": "00:12:51", "start": "00:12:48", "text": "do it. I hope I don't screw up the"}, {"end": "00:12:53", "start": "00:12:50", "text": "people that are playing. Um, I'm just"}, {"end": "00:12:54", "start": "00:12:51", "text": "going to jump in. I have not played in"}, {"end": "00:12:55", "start": "00:12:53", "text": "so long. I almost don't even remember"}, {"end": "00:12:56", "start": "00:12:54", "text": "what the buttons are. It's been like 2"}, {"end": "00:12:58", "start": "00:12:55", "text": "months since I've played and I've been"}, {"end": "00:12:59", "start": "00:12:56", "text": "playing some other games. So, I might"}, {"end": "00:13:00", "start": "00:12:58", "text": "get all confused in the buttons, but um,"}, {"end": "00:13:02", "start": "00:12:59", "text": "we are going to see if we can just like"}, {"end": "00:13:06", "start": "00:13:00", "text": "see if there's a match going on in North"}, {"end": "00:13:06", "start": "00:13:02", "text": "America here. It looks like there is."}, {"end": "00:13:11", "start": "00:13:06", "text": "And we want we have Oh, blue or red. I"}, {"end": "00:13:14", "start": "00:13:09", "text": "guess we have a choice. Uh, we're going"}, {"end": "00:13:18", "start": "00:13:11", "text": "to three of each. So, here is the new Pi"}, {"end": "00:13:20", "start": "00:13:14", "text": "Zuels Arena map."}, {"end": "00:13:21", "start": "00:13:18", "text": "Pull out my weapon."}, {"end": "00:13:24", "start": "00:13:20", "text": "It's looking beautiful. We're going to"}, {"end": "00:13:26", "start": "00:13:21", "text": "explore this in just a second. I just uh"}, {"end": "00:13:29", "start": "00:13:24", "text": "Look at that. There's your You can see"}, {"end": "00:13:32", "start": "00:13:26", "text": "when you do the um the jump, you have"}, {"end": "00:13:35", "start": "00:13:29", "text": "palms. Hold on one sec. The Superman"}, {"end": "00:13:35", "start": "00:13:32", "text": "glide right here."}, {"end": "00:13:41", "start": "00:13:35", "text": "All right. So, this is the new map for"}, {"end": "00:13:43", "start": "00:13:40", "text": "looking sweet. This is my first time I"}, {"end": "00:13:45", "start": "00:13:41", "text": "actually got to see it."}, {"end": "00:13:47", "start": "00:13:43", "text": "There's 5 minutes left in the game. I"}, {"end": "00:13:49", "start": "00:13:45", "text": "guess you could just destroy some of the"}, {"end": "00:13:52", "start": "00:13:47", "text": "stuff. Maybe not that pillar. I saw in"}, {"end": "00:13:53", "start": "00:13:49", "text": "the town hall Dominic was destroying"}, {"end": "00:13:55", "start": "00:13:52", "text": "some different pillars. Maybe it's these"}, {"end": "00:13:59", "start": "00:13:53", "text": "ones right here."}, {"end": "00:14:01", "start": "00:13:55", "text": "Oh yeah, look at that. Super cool. Look"}, {"end": "00:14:02", "start": "00:13:59", "text": "at the uh all the textures and stuff"}, {"end": "00:14:03", "start": "00:14:01", "text": "they've added to this. If you like have"}, {"end": "00:14:04", "start": "00:14:02", "text": "been playing this from the very"}, {"end": "00:14:07", "start": "00:14:03", "text": "beginning, it was just like basically"}, {"end": "00:14:08", "start": "00:14:04", "text": "blocked out with some just like really"}, {"end": "00:14:11", "start": "00:14:07", "text": "simple mapping colors and now this is"}, {"end": "00:14:12", "start": "00:14:08", "text": "like cinematic. My god, look at the"}, {"end": "00:14:15", "start": "00:14:11", "text": "reflections in the water and stuff. This"}, {"end": "00:14:17", "start": "00:14:12", "text": "is awesome, dude."}, {"end": "00:14:19", "start": "00:14:15", "text": "I haven't come across any uh any bad"}, {"end": "00:14:20", "start": "00:14:17", "text": "guys yet. Oh man, even this looks"}, {"end": "00:14:23", "start": "00:14:19", "text": "different. This is cool. These these are"}, {"end": "00:14:25", "start": "00:14:20", "text": "like the little boosters."}, {"end": "00:14:28", "start": "00:14:23", "text": "Oh, and so these right here, what were"}, {"end": "00:14:29", "start": "00:14:25", "text": "they called? If you have the purple, the"}, {"end": "00:14:31", "start": "00:14:28", "text": "bullets right here that are purple, they"}, {"end": "00:14:34", "start": "00:14:29", "text": "give you an extra um I think they're"}, {"end": "00:14:35", "start": "00:14:31", "text": "called omnis or something like that. If"}, {"end": "00:14:37", "start": "00:14:34", "text": "you have a special weapon that gives you"}, {"end": "00:14:38", "start": "00:14:35", "text": "ammo, but if you just have like a pistol"}, {"end": "00:14:41", "start": "00:14:37", "text": "like mine, that gives you an extra clip."}, {"end": "00:14:43", "start": "00:14:38", "text": "So you get actually more bullets in your"}, {"end": "00:14:47", "start": "00:14:41", "text": "clip by getting those purple ones where"}, {"end": "00:14:47", "start": "00:14:43", "text": "this just gives you regular ammo."}, {"end": "00:14:51", "start": "00:14:48", "text": "Man, loving this. So I'll do some more"}, {"end": "00:14:54", "start": "00:14:50", "text": "videos on this in the future. I just"}, {"end": "00:14:57", "start": "00:14:51", "text": "look at this, man. The pond. Oh boy. Oh"}, {"end": "00:14:57", "start": "00:14:54", "text": "boy."}, {"end": "00:15:06", "start": "00:14:58", "text": "Hold on. I'm in a"}, {"end": "00:15:06", "start": "00:15:02", "text": "Haven't played in so long, man. Ah,"}, {"end": "00:15:10", "start": "00:15:07", "text": "help me. Help me."}, {"end": "00:15:20", "start": "00:15:12", "text": "Oh my god. Where'd he go? Where'd he go?"}, {"end": "00:15:22", "start": "00:15:16", "text": "Thanks. Thanks, Crash Man. Dude,"}, {"end": "00:15:24", "start": "00:15:20", "text": "looks like Oni's wiping the floor with"}, {"end": "00:15:27", "start": "00:15:22", "text": "mud right now. 2427. You can see the"}, {"end": "00:15:27", "start": "00:15:24", "text": "score at the top."}, {"end": "00:15:34", "start": "00:15:30", "text": "That was kind of fun, dude. I'm going to"}, {"end": "00:15:35", "start": "00:15:31", "text": "have to start. Oh, you're dead."}, {"end": "00:15:36", "start": "00:15:34", "text": "All right, guys. Guys, I might finish"}, {"end": "00:15:38", "start": "00:15:35", "text": "this just for the fun cuz I don't I want"}, {"end": "00:15:41", "start": "00:15:36", "text": "to get the XP and I don't want to Oh my"}, {"end": "00:15:43", "start": "00:15:38", "text": "god. I don't want to like hurt my uh my"}, {"end": "00:15:44", "start": "00:15:41", "text": "partners here. But uh I'll be back and"}, {"end": "00:15:47", "start": "00:15:43", "text": "we'll go explore something else that's"}, {"end": "00:15:49", "start": "00:15:44", "text": "new in the game."}, {"end": "00:15:52", "start": "00:15:47", "text": "No way. Ble is in the lobby. He's a"}, {"end": "00:15:54", "start": "00:15:49", "text": "content creator for uh What's up,"}, {"end": "00:15:58", "start": "00:15:52", "text": "Belshi? He's a content creator for um"}, {"end": "00:15:58", "start": "00:15:54", "text": "for Wilder Worlds. That's awesome, man."}, {"end": "00:16:05", "start": "00:16:01", "text": "That's it. So, let's see if I get some"}, {"end": "00:16:07", "start": "00:16:03", "text": "XP."}, {"end": "00:16:10", "start": "00:16:05", "text": "I got my score was zero. I did terrible."}, {"end": "00:16:12", "start": "00:16:07", "text": "But let's see. Do I get any XP?"}, {"end": "00:16:15", "start": "00:16:10", "text": "270 XP just for kind of doing absolutely"}, {"end": "00:16:17", "start": "00:16:12", "text": "nothing but running around."}, {"end": "00:16:19", "start": "00:16:15", "text": "That was cool to see Belly, man."}, {"end": "00:16:21", "start": "00:16:17", "text": "Awesome. Welcome to my channel, buddy."}, {"end": "00:16:23", "start": "00:16:19", "text": "All right. So, and the next thing that"}, {"end": "00:16:25", "start": "00:16:21", "text": "they added to this new patch is this new"}, {"end": "00:16:26", "start": "00:16:23", "text": "um this Exonod um racing map. So, we"}, {"end": "00:16:29", "start": "00:16:25", "text": "might as well try that, too. So, we'll"}, {"end": "00:16:30", "start": "00:16:26", "text": "go to North America weekly racing and"}, {"end": "00:16:32", "start": "00:16:29", "text": "see how I do. Now, the last time I"}, {"end": "00:16:34", "start": "00:16:30", "text": "played a racing map was probably like 3"}, {"end": "00:16:37", "start": "00:16:32", "text": "months ago. So, this is going to be"}, {"end": "00:16:37", "start": "00:16:34", "text": "laughable."}, {"end": "00:16:42", "start": "00:16:38", "text": "All right, so this map is um super"}, {"end": "00:16:43", "start": "00:16:41", "text": "simple blockouts. They said they're"}, {"end": "00:16:44", "start": "00:16:42", "text": "going to be adding a lot more textures"}, {"end": "00:16:46", "start": "00:16:43", "text": "and stuff, stuff like that in the"}, {"end": "00:16:47", "start": "00:16:44", "text": "future, but it's pretty cool that we"}, {"end": "00:16:50", "start": "00:16:46", "text": "have a new map. I'm going to choose this"}, {"end": "00:16:53", "start": "00:16:47", "text": "good um"}, {"end": "00:16:54", "start": "00:16:50", "text": "so set ship. So, just in case you don't"}, {"end": "00:16:56", "start": "00:16:53", "text": "know, you walk up to one of these little"}, {"end": "00:16:58", "start": "00:16:54", "text": "consoles right here, and you hit F to"}, {"end": "00:16:59", "start": "00:16:56", "text": "interact, and then that's how you can"}, {"end": "00:17:01", "start": "00:16:58", "text": "choose um different ships. So, they give"}, {"end": "00:17:03", "start": "00:16:59", "text": "you a couple to demo, but also if you"}, {"end": "00:17:06", "start": "00:17:01", "text": "have um some in your wallet, you can"}, {"end": "00:17:07", "start": "00:17:03", "text": "choose those, too. So, let's jump in"}, {"end": "00:17:09", "start": "00:17:06", "text": "here."}, {"end": "00:17:10", "start": "00:17:07", "text": "We'll go over that at the end. If you're"}, {"end": "00:17:12", "start": "00:17:09", "text": "new to Star Atlas, also you can hang"}, {"end": "00:17:16", "start": "00:17:10", "text": "tight. Um so, where is the starting"}, {"end": "00:17:19", "start": "00:17:12", "text": "line? I think it's right here."}, {"end": "00:17:21", "start": "00:17:16", "text": "Here we go. I think this is it. 30"}, {"end": "00:17:23", "start": "00:17:19", "text": "seconds to see if someone joins. Looks"}, {"end": "00:17:26", "start": "00:17:21", "text": "like I have a buddy right here, Vitali"}, {"end": "00:17:29", "start": "00:17:23", "text": "Kuzerb. And maybe he's trying to figure"}, {"end": "00:17:31", "start": "00:17:26", "text": "it out. Okay, here we go. Here we go. 3"}, {"end": "00:17:34", "start": "00:17:29", "text": "2 1."}, {"end": "00:17:36", "start": "00:17:31", "text": "Don't make fun of me, guys."}, {"end": "00:17:39", "start": "00:17:34", "text": "Like I said, it's been months since I"}, {"end": "00:17:39", "start": "00:17:36", "text": "raced."}, {"end": "00:17:42", "start": "00:17:39", "text": "If you're been around my channel too for"}, {"end": "00:17:44", "start": "00:17:41", "text": "a while, you'll know Oh, he's Oh, what"}, {"end": "00:17:46", "start": "00:17:42", "text": "is he on? Can I shoot him? No, I can't"}, {"end": "00:17:47", "start": "00:17:44", "text": "shoot him. But if you've been around my"}, {"end": "00:17:49", "start": "00:17:46", "text": "channel for a while, you also know that"}, {"end": "00:17:51", "start": "00:17:47", "text": "I'm actually new to playing um computer"}, {"end": "00:17:53", "start": "00:17:49", "text": "games, PC games. So, I I usually play"}, {"end": "00:17:56", "start": "00:17:51", "text": "console games, but I'm training myself"}, {"end": "00:17:58", "start": "00:17:53", "text": "how to use the mouse and keyboard. Um,"}, {"end": "00:17:59", "start": "00:17:56", "text": "I'm actually I feel like I Boy, this is"}, {"end": "00:18:00", "start": "00:17:58", "text": "like riding a bike. I haven't play Like"}, {"end": "00:18:02", "start": "00:17:59", "text": "I said, I haven't raced in a while, but"}, {"end": "00:18:04", "start": "00:18:00", "text": "uh I guess I'm getting used to a little"}, {"end": "00:18:06", "start": "00:18:02", "text": "more the keyboard mouse style of"}, {"end": "00:18:09", "start": "00:18:04", "text": "playing, man. How do I beat this dude?"}, {"end": "00:18:11", "start": "00:18:06", "text": "Come on. I want to be second place out"}, {"end": "00:18:13", "start": "00:18:09", "text": "of two people. That's last place, right?"}, {"end": "00:18:17", "start": "00:18:11", "text": "Oh jeez. Oh, killing it on a checkpoint."}, {"end": "00:18:17", "start": "00:18:13", "text": "Here we go."}, {"end": "00:18:22", "start": "00:18:17", "text": "I like this map, man. This is going to"}, {"end": "00:18:24", "start": "00:18:19", "text": "be sweet when it's textured out. So, uh"}, {"end": "00:18:26", "start": "00:18:22", "text": "this is the Sagnian. Um the this is"}, {"end": "00:18:27", "start": "00:18:24", "text": "we're on the on central space station"}, {"end": "00:18:30", "start": "00:18:26", "text": "and what we're racing through right now"}, {"end": "00:18:34", "start": "00:18:27", "text": "is the Sagnian district. Um which is one"}, {"end": "00:18:36", "start": "00:18:30", "text": "of the alien races of Star Atlas. One of"}, {"end": "00:18:38", "start": "00:18:34", "text": "the oni so it's the oni faction is"}, {"end": "00:18:41", "start": "00:18:36", "text": "aliens. The mud faction are the humans."}, {"end": "00:18:43", "start": "00:18:38", "text": "The user faction are the um sentient"}, {"end": "00:18:44", "start": "00:18:41", "text": "androids. And when you have the oni"}, {"end": "00:18:47", "start": "00:18:43", "text": "faction they actually have multi-races"}, {"end": "00:18:50", "start": "00:18:44", "text": "underneath their uh underneath their"}, {"end": "00:18:52", "start": "00:18:47", "text": "umbrella of uh of their faction. So they"}, {"end": "00:18:55", "start": "00:18:50", "text": "have sagnians, they have mice, and they"}, {"end": "00:18:57", "start": "00:18:52", "text": "have high punabs and profound punabs."}, {"end": "00:18:59", "start": "00:18:55", "text": "And punabs are these like little tiny"}, {"end": "00:19:02", "start": "00:18:57", "text": "like groundhog looking creatures or"}, {"end": "00:19:02", "start": "00:18:59", "text": "raccoon looking creatures."}, {"end": "00:19:07", "start": "00:19:03", "text": "Basically just following my boy right"}, {"end": "00:19:11", "start": "00:19:06", "text": "here."}, {"end": "00:19:14", "start": "00:19:07", "text": "He's totally going to smoke me, but"}, {"end": "00:19:15", "start": "00:19:11", "text": "we'll gain XP, right?"}, {"end": "00:19:17", "start": "00:19:14", "text": "And that's what we want. We want to"}, {"end": "00:19:20", "start": "00:19:15", "text": "level up our character by playing a"}, {"end": "00:19:22", "start": "00:19:17", "text": "whole bunch of all these different uh"}, {"end": "00:19:26", "start": "00:19:20", "text": "these different rounds as much as we can"}, {"end": "00:19:26", "start": "00:19:22", "text": "so we can get those free crew packs."}, {"end": "00:19:39", "start": "00:19:35", "text": "We don't follow templates, rewrite the"}, {"end": "00:19:41", "start": "00:19:37", "text": "frame. While the chase clout, we upgrade"}, {"end": "00:19:42", "start": "00:19:39", "text": "the game from Galia's dust to a titan's"}, {"end": "00:19:44", "start": "00:19:41", "text": "chrome. Every pixel impulse says we own"}, {"end": "00:19:46", "start": "00:19:42", "text": "this zone. You wanted a logo, we gave"}, {"end": "00:19:48", "start": "00:19:44", "text": "you a brand, a dashboard. Now, here's a"}, {"end": "00:19:49", "start": "00:19:46", "text": "city that stands. Need a patch. We built"}, {"end": "00:19:52", "start": "00:19:48", "text": "a plan. Then dressed your code in a"}, {"end": "00:19:56", "start": "00:19:49", "text": "satin glam. We're not the norm. With a"}, {"end": "00:20:00", "start": "00:19:52", "text": "twist, you miss with grinning in neon"}, {"end": "00:20:03", "start": "00:19:56", "text": "mist. They said to"}, {"end": "00:20:07", "start": "00:20:00", "text": "correct now"}, {"end": "00:20:07", "start": "00:20:03", "text": "to connect."}, {"end": "00:20:13", "start": "00:20:08", "text": "We submers"}, {"end": "00:20:17", "start": "00:20:10", "text": "we convert them while they turn. We ship"}, {"end": "00:20:21", "start": "00:20:13", "text": "the dream with the lines in a laser"}, {"end": "00:20:27", "start": "00:20:17", "text": "beam. They sell your features. We craft"}, {"end": "00:20:27", "start": "00:20:21", "text": "this and leave them in second."}, {"end": "00:20:35", "start": "00:20:27", "text": "We raise them"}, {"end": "00:20:35", "start": "00:20:30", "text": "in time and reach the star."}, {"end": "00:20:46", "start": "00:20:39", "text": "Oh man, I lost. I got killed. Vitali"}, {"end": "00:20:48", "start": "00:20:44", "text": "Kusenb killed me. But I still got some"}, {"end": "00:20:51", "start": "00:20:46", "text": "points. Some XP points given to me. Give"}, {"end": "00:20:54", "start": "00:20:48", "text": "me some XP points. Let's see what I got."}, {"end": "00:20:56", "start": "00:20:51", "text": "106. Not bad, man. I'm growing. I'm"}, {"end": "00:20:58", "start": "00:20:54", "text": "growing. So, if I play this, you know,"}, {"end": "00:21:00", "start": "00:20:56", "text": "if I grind for maybe a couple hours, uh"}, {"end": "00:21:02", "start": "00:20:58", "text": "I definitely can get to uh the level two"}, {"end": "00:21:04", "start": "00:21:00", "text": "rank, I would assume, um pretty pretty"}, {"end": "00:21:07", "start": "00:21:02", "text": "quickly. So, I'm I'm sure it gets harder"}, {"end": "00:21:08", "start": "00:21:04", "text": "and harder. So, I need 750 XP to get to"}, {"end": "00:21:10", "start": "00:21:07", "text": "level two. Um, I'm sure like level three"}, {"end": "00:21:10", "start": "00:21:08", "text": "will be a little bit more than that."}, {"end": "00:21:13", "start": "00:21:10", "text": "Level four will be a little bit. You"}, {"end": "00:21:15", "start": "00:21:10", "text": "know how games go. So, um, cool stuff"}, {"end": "00:21:17", "start": "00:21:13", "text": "though so far. All right. And so, the"}, {"end": "00:21:19", "start": "00:21:15", "text": "the last thing I think the last major"}, {"end": "00:21:22", "start": "00:21:17", "text": "thing that they added to this new patch"}, {"end": "00:21:23", "start": "00:21:19", "text": "is if we enter Gallalia. So, we're going"}, {"end": "00:21:25", "start": "00:21:22", "text": "to Oh, look at this new loading screen."}, {"end": "00:21:26", "start": "00:21:23", "text": "I haven't seen this one yet. Um, so"}, {"end": "00:21:28", "start": "00:21:25", "text": "we're going to jump into Galia. Gallia"}, {"end": "00:21:30", "start": "00:21:26", "text": "is kind of the exploration side of the"}, {"end": "00:21:32", "start": "00:21:28", "text": "game. And we have quests now to make it"}, {"end": "00:21:34", "start": "00:21:30", "text": "like feel a little bit more gamified."}, {"end": "00:21:35", "start": "00:21:32", "text": "And so, what we are going to do is jump"}, {"end": "00:21:38", "start": "00:21:34", "text": "on in. and we're going to select one of"}, {"end": "00:21:39", "start": "00:21:35", "text": "our ships. And hopefully I have the X5."}, {"end": "00:21:41", "start": "00:21:38", "text": "Um, that's what they use in the demo,"}, {"end": "00:21:43", "start": "00:21:39", "text": "but I actually have one also. And when"}, {"end": "00:21:45", "start": "00:21:41", "text": "we first could load the X5, it didn't"}, {"end": "00:21:50", "start": "00:21:43", "text": "have all its animations, but now it"}, {"end": "00:21:52", "start": "00:21:45", "text": "does. So, this is the X5 game."}, {"end": "00:21:54", "start": "00:21:50", "text": "Walk up to the ship. It looks sweet with"}, {"end": "00:21:57", "start": "00:21:52", "text": "all its beautiful animations. We are"}, {"end": "00:22:02", "start": "00:21:54", "text": "going to sit in it. And now we can take"}, {"end": "00:22:05", "start": "00:21:57", "text": "off. And we are in Galia. Woohoo. All"}, {"end": "00:22:07", "start": "00:22:02", "text": "right. So, you can see that I am in the"}, {"end": "00:22:09", "start": "00:22:05", "text": "X5. I'm in the loosey goosey mode."}, {"end": "00:22:11", "start": "00:22:07", "text": "Basically, just the regular mode. Um, if"}, {"end": "00:22:13", "start": "00:22:09", "text": "you use the number pad, you can go to um"}, {"end": "00:22:15", "start": "00:22:11", "text": "the different animations it has or the"}, {"end": "00:22:18", "start": "00:22:13", "text": "different stances it has. So, let's see."}, {"end": "00:22:20", "start": "00:22:15", "text": "One is combat."}, {"end": "00:22:21", "start": "00:22:18", "text": "So, all our dudes are kind kind of"}, {"end": "00:22:24", "start": "00:22:20", "text": "pointing forward now with this ship,"}, {"end": "00:22:25", "start": "00:22:21", "text": "which is pretty cool. Uh, let's see. Hit"}, {"end": "00:22:28", "start": "00:22:24", "text": "two a few times. Now, we're in shield"}, {"end": "00:22:29", "start": "00:22:25", "text": "mode. Also, it's shooting in a whole"}, {"end": "00:22:30", "start": "00:22:28", "text": "bunch of directions. So, if you're"}, {"end": "00:22:32", "start": "00:22:29", "text": "actually getting like attacked, that's"}, {"end": "00:22:36", "start": "00:22:30", "text": "pretty cool, right? attacked on all"}, {"end": "00:22:37", "start": "00:22:32", "text": "sides. And if we hit three, this is"}, {"end": "00:22:41", "start": "00:22:36", "text": "booster mode and actually ends up"}, {"end": "00:22:44", "start": "00:22:37", "text": "shooting behind you and forward too."}, {"end": "00:22:45", "start": "00:22:41", "text": "And then I think and then four, I guess."}, {"end": "00:22:46", "start": "00:22:44", "text": "So that's four different modes, right?"}, {"end": "00:22:50", "start": "00:22:45", "text": "And then four brings you back to like"}, {"end": "00:22:52", "start": "00:22:46", "text": "your the the uh default stance. Um now"}, {"end": "00:22:54", "start": "00:22:50", "text": "let's go back to combat for a sec. Um if"}, {"end": "00:22:56", "start": "00:22:52", "text": "you hit V, there's this new um"}, {"end": "00:22:57", "start": "00:22:54", "text": "crosshairs mode right here, which you"}, {"end": "00:22:59", "start": "00:22:56", "text": "know what you can actually see. You can"}, {"end": "00:23:00", "start": "00:22:57", "text": "it's kind of showing you as you're"}, {"end": "00:23:01", "start": "00:22:59", "text": "dragging where you're going to be"}, {"end": "00:23:03", "start": "00:23:00", "text": "shooting."}, {"end": "00:23:05", "start": "00:23:01", "text": "I love that. I played a few different"}, {"end": "00:23:06", "start": "00:23:03", "text": "space games that has that. That actually"}, {"end": "00:23:08", "start": "00:23:05", "text": "help. It's going to help me a lot"}, {"end": "00:23:09", "start": "00:23:06", "text": "actually personally. So you can, you"}, {"end": "00:23:11", "start": "00:23:08", "text": "know, like as you're trying to fly and"}, {"end": "00:23:11", "start": "00:23:09", "text": "trying to, you know, like control all"}, {"end": "00:23:13", "start": "00:23:11", "text": "the different things that you're trying"}, {"end": "00:23:15", "start": "00:23:11", "text": "to fly, at least you can, you know, kind"}, {"end": "00:23:16", "start": "00:23:13", "text": "of aim like where you're going to be"}, {"end": "00:23:18", "start": "00:23:15", "text": "aiming at least. You know what I mean?"}, {"end": "00:23:20", "start": "00:23:16", "text": "As you're trying to follow another ship"}, {"end": "00:23:21", "start": "00:23:18", "text": "that's going after you. Um, so now let's"}, {"end": "00:23:23", "start": "00:23:20", "text": "actually go into what I was talking"}, {"end": "00:23:24", "start": "00:23:21", "text": "about the gamified mode. So let me"}, {"end": "00:23:26", "start": "00:23:23", "text": "figure out how to do that first. Hold"}, {"end": "00:23:28", "start": "00:23:24", "text": "on. All right guys, I've realized that"}, {"end": "00:23:30", "start": "00:23:26", "text": "you need to be on a base in order to"}, {"end": "00:23:31", "start": "00:23:28", "text": "actually um get the different missions."}, {"end": "00:23:32", "start": "00:23:30", "text": "So, when you first start off and you're"}, {"end": "00:23:34", "start": "00:23:31", "text": "on one of the on this base or if you"}, {"end": "00:23:36", "start": "00:23:32", "text": "land on any of the bases on the planets,"}, {"end": "00:23:37", "start": "00:23:34", "text": "you can hit the tab key and then then"}, {"end": "00:23:38", "start": "00:23:36", "text": "that, you know, the base pops up with"}, {"end": "00:23:40", "start": "00:23:37", "text": "all the different things you can do. So,"}, {"end": "00:23:42", "start": "00:23:38", "text": "you can buy and sell different types of"}, {"end": "00:23:43", "start": "00:23:40", "text": "ore. So, I already did a video where I"}, {"end": "00:23:45", "start": "00:23:42", "text": "went out there and played the mini game"}, {"end": "00:23:48", "start": "00:23:43", "text": "where you can actually start mining for"}, {"end": "00:23:50", "start": "00:23:45", "text": "ore. Um, so you then bring it back here"}, {"end": "00:23:52", "start": "00:23:48", "text": "and you can sell it or you can buy some"}, {"end": "00:23:55", "start": "00:23:50", "text": "um and sell it at a different base, do"}, {"end": "00:23:57", "start": "00:23:52", "text": "some arbitrage, you know, um refill uh"}, {"end": "00:23:58", "start": "00:23:55", "text": "refuel, rearm, forge. So, if you have"}, {"end": "00:24:00", "start": "00:23:57", "text": "the ore, you can forge it in iron,"}, {"end": "00:24:02", "start": "00:23:58", "text": "copper, steel, titanium, maybe make more"}, {"end": "00:24:03", "start": "00:24:00", "text": "money. Um, and then data. If you find"}, {"end": "00:24:05", "start": "00:24:02", "text": "some data out there, I believe you can"}, {"end": "00:24:06", "start": "00:24:03", "text": "sell it here. Um, sell it here maybe. Or"}, {"end": "00:24:08", "start": "00:24:05", "text": "if there's data for sale, you can buy it"}, {"end": "00:24:09", "start": "00:24:06", "text": "here. Not sure. Um, don't know about"}, {"end": "00:24:11", "start": "00:24:08", "text": "that one. I'll have to play around with"}, {"end": "00:24:12", "start": "00:24:09", "text": "it. But missions. Um, so we start off"}, {"end": "00:24:14", "start": "00:24:11", "text": "with the delivery missions. So, these"}, {"end": "00:24:15", "start": "00:24:12", "text": "are the different missions, and you can"}, {"end": "00:24:18", "start": "00:24:14", "text": "read about them, see how much credits"}, {"end": "00:24:19", "start": "00:24:15", "text": "you're going to get per mission. Um, and"}, {"end": "00:24:21", "start": "00:24:18", "text": "you can see right here, this is the"}, {"end": "00:24:24", "start": "00:24:19", "text": "bases that you have to go to. So, Sea of"}, {"end": "00:24:27", "start": "00:24:21", "text": "Leaves is the name of one. Sai Siren"}, {"end": "00:24:29", "start": "00:24:24", "text": "Retreat. um oa okcatraz prison um"}, {"end": "00:24:31", "start": "00:24:27", "text": "manacor bizaar so on and on you accept"}, {"end": "00:24:34", "start": "00:24:29", "text": "those I believe that um the stock will"}, {"end": "00:24:35", "start": "00:24:31", "text": "be put into your ship um and then you"}, {"end": "00:24:37", "start": "00:24:34", "text": "can deliver it um either that or you"}, {"end": "00:24:38", "start": "00:24:35", "text": "have to buy the stuff but I think that"}, {"end": "00:24:41", "start": "00:24:37", "text": "that might be requisition is buying it"}, {"end": "00:24:43", "start": "00:24:38", "text": "I'm not sure um so if you have to"}, {"end": "00:24:45", "start": "00:24:41", "text": "transport arco for instance you'd have"}, {"end": "00:24:47", "start": "00:24:43", "text": "um let's see I believe that again it"}, {"end": "00:24:48", "start": "00:24:45", "text": "would be put in it cuz I don't even"}, {"end": "00:24:50", "start": "00:24:47", "text": "think you can buy it so you can't even"}, {"end": "00:24:53", "start": "00:24:48", "text": "buy it right here so that is I think how"}, {"end": "00:24:54", "start": "00:24:50", "text": "that one would work and data data must"}, {"end": "00:24:56", "start": "00:24:53", "text": "be the same thing it must be put into"}, {"end": "00:24:58", "start": "00:24:54", "text": "your ship and then you have to go"}, {"end": "00:25:00", "start": "00:24:56", "text": "deliver it um to um whatever place that"}, {"end": "00:25:01", "start": "00:24:58", "text": "it tells you to deliver. Um then maybe"}, {"end": "00:25:02", "start": "00:25:00", "text": "you can pick up something at that one"}, {"end": "00:25:04", "start": "00:25:01", "text": "base and then deliver it back here. Get"}, {"end": "00:25:06", "start": "00:25:02", "text": "a little practice on you know flying and"}, {"end": "00:25:09", "start": "00:25:04", "text": "exploring. Bounties is put you into like"}, {"end": "00:25:10", "start": "00:25:06", "text": "a dog fight mode. So you what you do is"}, {"end": "00:25:12", "start": "00:25:09", "text": "accept the bounties and the level threat"}, {"end": "00:25:13", "start": "00:25:10", "text": "would be the size of the ship. So like"}, {"end": "00:25:15", "start": "00:25:12", "text": "one would be an extra extra small ship I"}, {"end": "00:25:17", "start": "00:25:13", "text": "believe and two would be an extra small"}, {"end": "00:25:19", "start": "00:25:15", "text": "ship. Um three small, four large or"}, {"end": "00:25:21", "start": "00:25:17", "text": "medium three four would be medium and"}, {"end": "00:25:23", "start": "00:25:19", "text": "five would be extra large. Um, so like"}, {"end": "00:25:24", "start": "00:25:21", "text": "I'm only in an extra extra small ship."}, {"end": "00:25:25", "start": "00:25:23", "text": "So, so I don't think I'd want to pick a"}, {"end": "00:25:28", "start": "00:25:24", "text": "fight with anything bigger than me. So"}, {"end": "00:25:30", "start": "00:25:25", "text": "maybe I hit accept. And you can see"}, {"end": "00:25:32", "start": "00:25:28", "text": "right here it changes in the upper left"}, {"end": "00:25:35", "start": "00:25:30", "text": "corner of the screen. It says eliminate"}, {"end": "00:25:36", "start": "00:25:32", "text": "Taro Halpern. And it says tells me to go"}, {"end": "00:25:38", "start": "00:25:35", "text": "to Urbis. Urbis is one of the planets."}, {"end": "00:25:40", "start": "00:25:36", "text": "And I'll find him there. Um, and then I"}, {"end": "00:25:42", "start": "00:25:38", "text": "can hit the scan button and maybe try to"}, {"end": "00:25:44", "start": "00:25:40", "text": "locate where he is once I get close to"}, {"end": "00:25:46", "start": "00:25:42", "text": "that um that planet. And then"}, {"end": "00:25:49", "start": "00:25:44", "text": "requisition. I think that this this is"}, {"end": "00:25:53", "start": "00:25:46", "text": "source 685 fuel and return to Orheart"}, {"end": "00:25:55", "start": "00:25:49", "text": "station. um silica, diamonds, roinol. I"}, {"end": "00:25:56", "start": "00:25:53", "text": "wonder if this one might be um the fact"}, {"end": "00:26:00", "start": "00:25:55", "text": "that you actually have to buy it and"}, {"end": "00:26:03", "start": "00:25:56", "text": "then deliver it um and or go mine it and"}, {"end": "00:26:05", "start": "00:26:00", "text": "deliver it. But regardless, I haven't"}, {"end": "00:26:06", "start": "00:26:03", "text": "really experimented with this very much"}, {"end": "00:26:08", "start": "00:26:05", "text": "and I'm going to have to start playing"}, {"end": "00:26:09", "start": "00:26:06", "text": "it and I want to make this into a a"}, {"end": "00:26:11", "start": "00:26:08", "text": "whole separate video instead of kind of"}, {"end": "00:26:13", "start": "00:26:09", "text": "rush through it. Um I just kind of"}, {"end": "00:26:14", "start": "00:26:11", "text": "wanted to show you guys um how to do it,"}, {"end": "00:26:16", "start": "00:26:13", "text": "you know, and figure it out myself. Um,"}, {"end": "00:26:17", "start": "00:26:14", "text": "and then you know in the video where I"}, {"end": "00:26:19", "start": "00:26:16", "text": "really concentrate on all these like"}, {"end": "00:26:21", "start": "00:26:17", "text": "cool games that uh Brad Magic Puncher"}, {"end": "00:26:23", "start": "00:26:19", "text": "made for us, uh, you know, we'll we'll"}, {"end": "00:26:25", "start": "00:26:21", "text": "dive in really really deep. Um, so I"}, {"end": "00:26:26", "start": "00:26:23", "text": "think that that covers most of all the"}, {"end": "00:26:29", "start": "00:26:25", "text": "new release of this new patch for the"}, {"end": "00:26:31", "start": "00:26:26", "text": "most part. Um, if you are, you know,"}, {"end": "00:26:34", "start": "00:26:29", "text": "curious of what else, you know, you"}, {"end": "00:26:35", "start": "00:26:31", "text": "could do here. Um, man, I I have a whole"}, {"end": "00:26:37", "start": "00:26:34", "text": "bunch of videos. You can kind of scroll"}, {"end": "00:26:38", "start": "00:26:35", "text": "through some of my back videos, but what"}, {"end": "00:26:40", "start": "00:26:37", "text": "I'm going to do for the new people is"}, {"end": "00:26:41", "start": "00:26:38", "text": "I'm going to do um show you how to get a"}, {"end": "00:26:42", "start": "00:26:40", "text": "code so you can download this and"}, {"end": "00:26:44", "start": "00:26:41", "text": "everything like that. So just stick"}, {"end": "00:26:46", "start": "00:26:42", "text": "around for that. Um, I love you guys"}, {"end": "00:26:48", "start": "00:26:44", "text": "all. Anyone that's OG to Star Atlas, uh,"}, {"end": "00:26:49", "start": "00:26:46", "text": "man, thank you for watching and always,"}, {"end": "00:26:51", "start": "00:26:48", "text": "as always, make sure you're subscribed."}, {"end": "00:26:54", "start": "00:26:49", "text": "So, as far for you new people, let's go"}, {"end": "00:26:55", "start": "00:26:51", "text": "over to Discord."}, {"end": "00:26:58", "start": "00:26:54", "text": "All right, so I got two keys for you"}, {"end": "00:26:59", "start": "00:26:55", "text": "guys just so you guys can um actually,"}, {"end": "00:27:00", "start": "00:26:58", "text": "you know, if anyone out there um doesn't"}, {"end": "00:27:02", "start": "00:26:59", "text": "have the ability for some reason to join"}, {"end": "00:27:05", "start": "00:27:00", "text": "the Star Atlas Discord, um here is a key"}, {"end": "00:27:07", "start": "00:27:02", "text": "here and here. Go back and here is a key"}, {"end": "00:27:09", "start": "00:27:05", "text": "here. First come, first serve. But what"}, {"end": "00:27:11", "start": "00:27:07", "text": "you have to do in order to do um um get"}, {"end": "00:27:13", "start": "00:27:09", "text": "a key um if those are used up is you"}, {"end": "00:27:16", "start": "00:27:11", "text": "come come to the Starless Discord. Join"}, {"end": "00:27:17", "start": "00:27:13", "text": "it. It's for free. Go down to the um key"}, {"end": "00:27:19", "start": "00:27:16", "text": "channel, the one that has a little key"}, {"end": "00:27:22", "start": "00:27:17", "text": "emoji right here, game access key, and"}, {"end": "00:27:24", "start": "00:27:19", "text": "you go over and you type in backslash"}, {"end": "00:27:26", "start": "00:27:22", "text": "key, and then you hit enter, and a key"}, {"end": "00:27:28", "start": "00:27:24", "text": "is automatically generated for you. Once"}, {"end": "00:27:31", "start": "00:27:26", "text": "that key is automatically generated, you"}, {"end": "00:27:33", "start": "00:27:28", "text": "go over to the Epic Game Store. You hit"}, {"end": "00:27:34", "start": "00:27:31", "text": "um you have to have an account, as long"}, {"end": "00:27:36", "start": "00:27:33", "text": "as you have an account for the Epic Game"}, {"end": "00:27:38", "start": "00:27:34", "text": "Store. Um, tons of people do because"}, {"end": "00:27:41", "start": "00:27:36", "text": "they have Fortnite, right? Um, you hit"}, {"end": "00:27:43", "start": "00:27:38", "text": "your name right here and you go to uh"}, {"end": "00:27:44", "start": "00:27:41", "text": "redeem code and then you just copy and"}, {"end": "00:27:46", "start": "00:27:43", "text": "paste that code that the bot"}, {"end": "00:27:48", "start": "00:27:44", "text": "automatically gives you right here or if"}, {"end": "00:27:50", "start": "00:27:46", "text": "you um grab that one off my screen, you"}, {"end": "00:27:52", "start": "00:27:48", "text": "c, you know, you type it in right here."}, {"end": "00:27:55", "start": "00:27:50", "text": "Um, and then you'll be able to launch"}, {"end": "00:27:56", "start": "00:27:52", "text": "Star Atlas just by uh download it and"}, {"end": "00:27:57", "start": "00:27:55", "text": "then launch it and then you'll be able"}, {"end": "00:28:00", "start": "00:27:56", "text": "to play the game that you just watched"}, {"end": "00:28:01", "start": "00:27:57", "text": "me playing. So, pretty cool stuff, man."}, {"end": "00:28:02", "start": "00:28:00", "text": "So now if you want to grab yourself a"}, {"end": "00:28:04", "start": "00:28:01", "text": "crew card so you can start leveling up"}, {"end": "00:28:05", "start": "00:28:02", "text": "your character. Um the first thing you"}, {"end": "00:28:07", "start": "00:28:04", "text": "definitely need is you definitely need a"}, {"end": "00:28:10", "start": "00:28:05", "text": "Salana based wallet. Um I recommend"}, {"end": "00:28:12", "start": "00:28:07", "text": "either Phantom or Soulflare. Um two"}, {"end": "00:28:13", "start": "00:28:10", "text": "wallets that I prefer. You're going to"}, {"end": "00:28:15", "start": "00:28:12", "text": "need a little bit of Salana in that"}, {"end": "00:28:18", "start": "00:28:13", "text": "wallet. At least like I'd at least have"}, {"end": "00:28:21", "start": "00:28:15", "text": "$5 in um that wallet so you can buy a"}, {"end": "00:28:23", "start": "00:28:18", "text": "crew card. Um so you'd have to somehow"}, {"end": "00:28:25", "start": "00:28:21", "text": "get your hands on some Salana. Now you"}, {"end": "00:28:28", "start": "00:28:23", "text": "can do that right from um the Starbase"}, {"end": "00:28:29", "start": "00:28:25", "text": "or the Star Atlas um website. Um once"}, {"end": "00:28:31", "start": "00:28:28", "text": "you make a wallet, you can hook your"}, {"end": "00:28:34", "start": "00:28:29", "text": "wallet up and then you can actually buy"}, {"end": "00:28:35", "start": "00:28:31", "text": "Salana um using um Topper right here and"}, {"end": "00:28:37", "start": "00:28:34", "text": "purchase it with a credit card or you"}, {"end": "00:28:38", "start": "00:28:35", "text": "can use just your exchange and grab"}, {"end": "00:28:40", "start": "00:28:37", "text": "yourself some Salana, your local"}, {"end": "00:28:42", "start": "00:28:38", "text": "exchange like something like Binance or"}, {"end": "00:28:43", "start": "00:28:40", "text": "Coinbase or or Coolcoin or whatever you"}, {"end": "00:28:47", "start": "00:28:42", "text": "have Kraken, whatever you have in your"}, {"end": "00:28:48", "start": "00:28:43", "text": "area. Um so once you have some Salana in"}, {"end": "00:28:50", "start": "00:28:47", "text": "your wallet, you connect your wallet,"}, {"end": "00:28:52", "start": "00:28:48", "text": "like I said, to um this um"}, {"end": "00:28:53", "start": "00:28:50", "text": "play.staratlas.com,"}, {"end": "00:28:56", "start": "00:28:52", "text": "which is Star Atlas's marketplace. to go"}, {"end": "00:28:57", "start": "00:28:53", "text": "down to the marketplace area right here."}, {"end": "00:28:59", "start": "00:28:56", "text": "And this is where you can purchase"}, {"end": "00:29:02", "start": "00:28:57", "text": "anything from Star Atlas um including"}, {"end": "00:29:03", "start": "00:28:59", "text": "ships and crew cards. And so we can just"}, {"end": "00:29:05", "start": "00:29:02", "text": "go to the crew tab right here. And these"}, {"end": "00:29:07", "start": "00:29:03", "text": "are all the different um digital card"}, {"end": "00:29:08", "start": "00:29:05", "text": "packs that you can buy. Imagine them"}, {"end": "00:29:11", "start": "00:29:07", "text": "just being like, you know, buying a pack"}, {"end": "00:29:12", "start": "00:29:08", "text": "of like baseball cards or Pokemon cards"}, {"end": "00:29:14", "start": "00:29:11", "text": "or something like that. It's just a"}, {"end": "00:29:16", "start": "00:29:12", "text": "digital version of it. And once you buy"}, {"end": "00:29:18", "start": "00:29:14", "text": "them, you can um you can basically tear"}, {"end": "00:29:20", "start": "00:29:16", "text": "them open um and see what you get. And"}, {"end": "00:29:21", "start": "00:29:18", "text": "how you do that is you go down to the"}, {"end": "00:29:25", "start": "00:29:20", "text": "crew tab once you purchase one of those"}, {"end": "00:29:27", "start": "00:29:21", "text": "crew packs. And you can go um and open"}, {"end": "00:29:29", "start": "00:29:25", "text": "up go to this crew packs tab right here."}, {"end": "00:29:30", "start": "00:29:27", "text": "Not the my crew cards, but the crew"}, {"end": "00:29:32", "start": "00:29:29", "text": "packs tab. It'll tell you how many um"}, {"end": "00:29:35", "start": "00:29:30", "text": "packs you have and then you can open"}, {"end": "00:29:37", "start": "00:29:32", "text": "them up right there. Um now, if you"}, {"end": "00:29:38", "start": "00:29:35", "text": "don't want to do it that way, you can"}, {"end": "00:29:40", "start": "00:29:37", "text": "take your Salana based wallet with"}, {"end": "00:29:43", "start": "00:29:38", "text": "Salana in it and you can go over to"}, {"end": "00:29:47", "start": "00:29:40", "text": "Tensor Trade. What is it? Let me go all"}, {"end": "00:29:50", "start": "00:29:43", "text": "the way back to the uh www.tensor.trade."}, {"end": "00:29:52", "start": "00:29:47", "text": "And this is an NFT trading platform. And"}, {"end": "00:29:54", "start": "00:29:50", "text": "these are Star Atlas crew cards that are"}, {"end": "00:29:55", "start": "00:29:52", "text": "up for sale from the community. So they"}, {"end": "00:29:56", "start": "00:29:54", "text": "have already people have already opened"}, {"end": "00:29:58", "start": "00:29:55", "text": "up the crew packs and they decided they"}, {"end": "00:30:00", "start": "00:29:56", "text": "don't want certain cards or they think"}, {"end": "00:30:01", "start": "00:29:58", "text": "cards are, you know, more valuable to"}, {"end": "00:30:03", "start": "00:30:00", "text": "sell. So they sell them like trading"}, {"end": "00:30:04", "start": "00:30:01", "text": "cards right here on the platform. So you"}, {"end": "00:30:06", "start": "00:30:03", "text": "can go and choose your favorite"}, {"end": "00:30:07", "start": "00:30:04", "text": "character that you want. You can"}, {"end": "00:30:10", "start": "00:30:06", "text": "purchase it with some Salana and then"}, {"end": "00:30:11", "start": "00:30:07", "text": "you can start leveling it up. So like"}, {"end": "00:30:16", "start": "00:30:10", "text": "let's just say you wanted you needed a"}, {"end": "00:30:18", "start": "00:30:11", "text": "female mire to level up. It is 0.021 021"}, {"end": "00:30:20", "start": "00:30:16", "text": "Salonic to buy this character right here"}, {"end": "00:30:23", "start": "00:30:18", "text": "and it's $3.36. So that's how you would"}, {"end": "00:30:24", "start": "00:30:20", "text": "do that. So yeah, leave uh any questions"}, {"end": "00:30:26", "start": "00:30:23", "text": "that you have for me down in the"}, {"end": "00:30:28", "start": "00:30:24", "text": "comments and I'll try to answer them if"}, {"end": "00:30:30", "start": "00:30:26", "text": "something is confusing for you. Pretty"}, {"end": "00:30:31", "start": "00:30:28", "text": "cool, man. I hope you guys enjoy. I love"}, {"end": "00:30:32", "start": "00:30:30", "text": "you. Make sure that you like this video."}, {"end": "00:30:34", "start": "00:30:31", "text": "Make sure you're subscribed. I put out"}, {"end": "00:30:37", "start": "00:30:32", "text": "content all the time and I'll talk to"}, {"end": "00:30:37", "start": "00:30:34", "text": "you guys later. Bye."}]

[{"end": "00:00:05", "start": "00:00:00", "text": "Hey everyone, Beyond the Horizon"}, {"end": "00:00:08", "start": "00:00:03", "text": "couldn't be here today, so I'm going to"}, {"end": "00:00:10", "start": "00:00:05", "text": "accept his Joanie Award forum. He's"}, {"end": "00:00:14", "start": "00:00:08", "text": "probably out there gallivanting with his"}, {"end": "00:00:14", "start": "00:00:10", "text": "girlfriend, Sage."}, {"end": "00:00:22", "start": "00:00:15", "text": "I'm right here, man. She's not my"}, {"end": "00:00:25", "start": "00:00:18", "text": "girlfriend. Sage is pretty hot, though."}, {"end": "00:00:25", "start": "00:00:22", "text": "Sage."}, {"end": "00:00:30", "start": "00:00:26", "text": "Yo, what's up, captains and cadets? Man,"}, {"end": "00:00:32", "start": "00:00:28", "text": "if you are seeing this, this somehow"}, {"end": "00:00:34", "start": "00:00:30", "text": "somehow I I managed to squeak by and win"}, {"end": "00:00:37", "start": "00:00:32", "text": "myself another Joanie. I have no clue"}, {"end": "00:00:39", "start": "00:00:34", "text": "how because I was up with crazy"}, {"end": "00:00:41", "start": "00:00:37", "text": "competition this year. Um, man, thank"}, {"end": "00:00:43", "start": "00:00:39", "text": "you guys all and thank you anyone that"}, {"end": "00:00:45", "start": "00:00:41", "text": "was else that was nominated. Man, I"}, {"end": "00:00:47", "start": "00:00:43", "text": "don't even know which award uh I'm"}, {"end": "00:00:49", "start": "00:00:45", "text": "accepting because I'm making this a day"}, {"end": "00:00:50", "start": "00:00:47", "text": "ahead just in case I win because I'd"}, {"end": "00:00:53", "start": "00:00:49", "text": "feel so bad if I didn't say thank you to"}, {"end": "00:00:54", "start": "00:00:50", "text": "everyone in the community. Um, but I'm"}, {"end": "00:00:56", "start": "00:00:53", "text": "going to keep it vague cuz I don't know"}, {"end": "00:00:58", "start": "00:00:54", "text": "which award this is that I'm getting"}, {"end": "00:01:00", "start": "00:00:56", "text": "getting right now. Um, but boy, man, you"}, {"end": "00:01:01", "start": "00:00:58", "text": "guys are all the best out there. I"}, {"end": "00:01:03", "start": "00:01:00", "text": "couldn't do this without you guys. I"}, {"end": "00:01:05", "start": "00:01:01", "text": "love all the comments. All you guys"}, {"end": "00:01:07", "start": "00:01:03", "text": "always share my videos on X. Um, I just"}, {"end": "00:01:09", "start": "00:01:05", "text": "want to talk about my fellow content"}, {"end": "00:01:12", "start": "00:01:07", "text": "creators. There's some of us that, man,"}, {"end": "00:01:13", "start": "00:01:09", "text": "we had some, you know, some slow times"}, {"end": "00:01:15", "start": "00:01:12", "text": "in Star Atlas since the last Community"}, {"end": "00:01:16", "start": "00:01:13", "text": "Awards. Um, some tough times. We're"}, {"end": "00:01:18", "start": "00:01:15", "text": "still kind of like fighting through the"}, {"end": "00:01:19", "start": "00:01:16", "text": "bare market and stuff like that. I've"}, {"end": "00:01:21", "start": "00:01:18", "text": "lost a lot of content creator friends,"}, {"end": "00:01:22", "start": "00:01:19", "text": "but, you know, there's been some that"}, {"end": "00:01:23", "start": "00:01:21", "text": "have stuck around. And I just want to"}, {"end": "00:01:26", "start": "00:01:22", "text": "name some of the YouTubers I just love"}, {"end": "00:01:28", "start": "00:01:23", "text": "so much. Um, Kepleret, Metverse"}, {"end": "00:01:30", "start": "00:01:26", "text": "Explorer, um, Atlas Theory, uh, Matt"}, {"end": "00:01:34", "start": "00:01:28", "text": "who's Intergalactic Herald, Master Kodi,"}, {"end": "00:01:35", "start": "00:01:30", "text": "Thor, um, um, Crypto Guiji, um, Virtuals"}, {"end": "00:01:38", "start": "00:01:34", "text": "made some awesome videos, um, Iron"}, {"end": "00:01:40", "start": "00:01:35", "text": "Alien, and, uh, man, I could not do this"}, {"end": "00:01:43", "start": "00:01:38", "text": "without Star Atlas TV, you know, bless"}, {"end": "00:01:45", "start": "00:01:40", "text": "you, ODV, Star Atlas TV, um, keeps me in"}, {"end": "00:01:46", "start": "00:01:43", "text": "the loop. I'm always working when things"}, {"end": "00:01:48", "start": "00:01:45", "text": "like this is going on. That's why I"}, {"end": "00:01:50", "start": "00:01:46", "text": "can't be here today, uh, to accept my"}, {"end": "00:01:52", "start": "00:01:48", "text": "award live. I'm working on some island"}, {"end": "00:01:54", "start": "00:01:50", "text": "out on the coast of uh New Hampshire"}, {"end": "00:01:56", "start": "00:01:52", "text": "right now and I have zero service. So"}, {"end": "00:01:57", "start": "00:01:54", "text": "that's why I'm making this video in"}, {"end": "00:02:00", "start": "00:01:56", "text": "advance. Um but I also want to shout"}, {"end": "00:02:01", "start": "00:01:57", "text": "shout out my half my channel only half"}, {"end": "00:02:04", "start": "00:02:00", "text": "my channel is on YouTube. The other half"}, {"end": "00:02:06", "start": "00:02:01", "text": "is seriously on X. Um and I almost I"}, {"end": "00:02:08", "start": "00:02:04", "text": "have just as much compassion making"}, {"end": "00:02:10", "start": "00:02:06", "text": "little shorts and stuff like that for X"}, {"end": "00:02:12", "start": "00:02:08", "text": "as I do, you know, Twitter X as I do for"}, {"end": "00:02:14", "start": "00:02:10", "text": "YouTube. And some of my you know exhies"}, {"end": "00:02:16", "start": "00:02:12", "text": "out there just really stepping it up"}, {"end": "00:02:18", "start": "00:02:14", "text": "this year. Uh, I just, you know,"}, {"end": "00:02:19", "start": "00:02:16", "text": "obviously Siggy, you know, the OG, you"}, {"end": "00:02:22", "start": "00:02:18", "text": "know, the godfather of, you know,"}, {"end": "00:02:25", "start": "00:02:19", "text": "Twitter for sure. Um, but man, Falor,"}, {"end": "00:02:28", "start": "00:02:22", "text": "uh, Raspby, Onizuka, uh, James, Bruo,"}, {"end": "00:02:32", "start": "00:02:25", "text": "um, um, uh, Sacklin, Hackmare, uh, Apex"}, {"end": "00:02:34", "start": "00:02:28", "text": "Core, um, Fron, Aiaz, man. Az, what's"}, {"end": "00:02:36", "start": "00:02:32", "text": "up, dude? And Andre, man, there's so"}, {"end": "00:02:37", "start": "00:02:34", "text": "many more. So many more. I've set it up"}, {"end": "00:02:40", "start": "00:02:36", "text": "on X. I just want to give shout shout"}, {"end": "00:02:42", "start": "00:02:37", "text": "outs to all my homies out there. Love"}, {"end": "00:02:44", "start": "00:02:40", "text": "you guys all. everyone in the community,"}, {"end": "00:02:46", "start": "00:02:42", "text": "Dom Santi, and Jose, you guys are just"}, {"end": "00:02:47", "start": "00:02:44", "text": "killing it out there. The dev team,"}, {"end": "00:02:49", "start": "00:02:46", "text": "Michael Wagner, you know, I hope you're"}, {"end": "00:02:51", "start": "00:02:47", "text": "giving everyone uh, you know, slipping"}, {"end": "00:02:52", "start": "00:02:49", "text": "them a little extra pull uh, you know,"}, {"end": "00:02:54", "start": "00:02:51", "text": "in the past couple weeks for everything"}, {"end": "00:02:56", "start": "00:02:52", "text": "they've been doing. So, love you guys"}, {"end": "00:02:59", "start": "00:02:54", "text": "all. I'll catch you in the next one."}, {"end": "00:02:59", "start": "00:02:56", "text": "Later."}]

[{"end": "00:00:04", "start": "00:00:00", "text": "Yo, what's up taps and cadets? Hey, this"}, {"end": "00:00:06", "start": "00:00:02", "text": "is going to be my very last giveaway for"}, {"end": "00:00:08", "start": "00:00:04", "text": "the community week raffle tickets. Um,"}, {"end": "00:00:10", "start": "00:00:06", "text": "but I'm going to give away 14 codes and"}, {"end": "00:00:11", "start": "00:00:08", "text": "each one of these codes that I'm going"}, {"end": "00:00:13", "start": "00:00:10", "text": "to give away is going to contain 400"}, {"end": "00:00:14", "start": "00:00:11", "text": "raffle tickets that can win you guys"}, {"end": "00:00:18", "start": "00:00:13", "text": "some awesome prizes including possibly"}, {"end": "00:00:19", "start": "00:00:14", "text": "an Orika Sunpaw. So, man, hang tight and"}, {"end": "00:00:21", "start": "00:00:18", "text": "you're going to answer some questions"}, {"end": "00:00:24", "start": "00:00:19", "text": "for me in just a second. But, I want to"}, {"end": "00:00:26", "start": "00:00:21", "text": "celebrate the season 1 clos. Uh, I just"}, {"end": "00:00:27", "start": "00:00:24", "text": "got this notification. It just happened"}, {"end": "00:00:29", "start": "00:00:26", "text": "about 15 minutes ago. It says,"}, {"end": "00:00:31", "start": "00:00:27", "text": "\"Congratulations on completing the"}, {"end": "00:00:33", "start": "00:00:29", "text": "season.\" The season may be over, but"}, {"end": "00:00:36", "start": "00:00:31", "text": "your journey's just beginning. Keep"}, {"end": "00:00:38", "start": "00:00:33", "text": "pushing. New opportunities await next"}, {"end": "00:00:40", "start": "00:00:36", "text": "season. The current season has entered"}, {"end": "00:00:43", "start": "00:00:38", "text": "um preseason orbit as we chart a new"}, {"end": "00:00:46", "start": "00:00:40", "text": "course for the next chapter. During this"}, {"end": "00:00:49", "start": "00:00:43", "text": "downtime, quests, XP, LP, and awards are"}, {"end": "00:00:51", "start": "00:00:46", "text": "offline. Any actions taken now won't"}, {"end": "00:00:53", "start": "00:00:49", "text": "count towards your progress or rewards."}, {"end": "00:00:56", "start": "00:00:51", "text": "All systems will refresh and reactivate"}, {"end": "00:00:58", "start": "00:00:53", "text": "once the new season launches. Until"}, {"end": "00:00:59", "start": "00:00:56", "text": "then, practice your strategies and"}, {"end": "00:01:01", "start": "00:00:58", "text": "prepare for the next holisim"}, {"end": "00:01:03", "start": "00:00:59", "text": "explorations. Wicked cool, man. I'm so"}, {"end": "00:01:05", "start": "00:01:01", "text": "excited about the next season. Um, but"}, {"end": "00:01:06", "start": "00:01:03", "text": "you can still actually play. So, don't"}, {"end": "00:01:08", "start": "00:01:05", "text": "worry if you're playing. I guess we can"}, {"end": "00:01:09", "start": "00:01:06", "text": "still, you know, kind of like do our"}, {"end": "00:01:11", "start": "00:01:08", "text": "whole thing until the next season kicks"}, {"end": "00:01:13", "start": "00:01:09", "text": "in. Um, there's just there's already"}, {"end": "00:01:16", "start": "00:01:11", "text": "been a snapshot and so the rewards are"}, {"end": "00:01:17", "start": "00:01:13", "text": "basically already figured out. So, um,"}, {"end": "00:01:18", "start": "00:01:16", "text": "there's no, you know, you don't have to"}, {"end": "00:01:21", "start": "00:01:17", "text": "fight for the rewards. We can actually"}, {"end": "00:01:23", "start": "00:01:18", "text": "just play for fun at this point. um they"}, {"end": "00:01:25", "start": "00:01:21", "text": "know who was the winning faction and"}, {"end": "00:01:28", "start": "00:01:23", "text": "they know uh who played the game and who"}, {"end": "00:01:29", "start": "00:01:25", "text": "didn't play the game. Um so here is what"}, {"end": "00:01:32", "start": "00:01:28", "text": "we're going to do for the raffle ticket"}, {"end": "00:01:34", "start": "00:01:29", "text": "giveaway. I am going to read a bunch of"}, {"end": "00:01:36", "start": "00:01:32", "text": "my fleet names and then you guys just"}, {"end": "00:01:38", "start": "00:01:34", "text": "have to answer the um a question um that"}, {"end": "00:01:41", "start": "00:01:36", "text": "I'm going to ask. But here's the thing."}, {"end": "00:01:45", "start": "00:01:38", "text": "I'm only going to give a uh a code away"}, {"end": "00:01:46", "start": "00:01:41", "text": "for the answer of like each one of these"}, {"end": "00:01:49", "start": "00:01:45", "text": "questions. So, if I ask this one, for"}, {"end": "00:01:52", "start": "00:01:46", "text": "instance, um, Alf's name is Gordon"}, {"end": "00:01:53", "start": "00:01:49", "text": "Shamway. What show is that from? Well,"}, {"end": "00:01:56", "start": "00:01:52", "text": "that's a really easy one cuz it's from"}, {"end": "00:01:58", "start": "00:01:53", "text": "the show ALF, a 1980s TV show. But let's"}, {"end": "00:02:00", "start": "00:01:56", "text": "just say Falor got that and Falkor"}, {"end": "00:02:01", "start": "00:01:58", "text": "guessed Alf. No one else is going to be"}, {"end": "00:02:02", "start": "00:02:00", "text": "able to guess that same, you know, that"}, {"end": "00:02:04", "start": "00:02:01", "text": "same answer. So, you're going to have to"}, {"end": "00:02:05", "start": "00:02:02", "text": "choose a different one. Um, so you're"}, {"end": "00:02:07", "start": "00:02:04", "text": "going to have to look below in the"}, {"end": "00:02:08", "start": "00:02:05", "text": "comments. And if I already gave those"}, {"end": "00:02:09", "start": "00:02:07", "text": "tickets away, if someone already"}, {"end": "00:02:10", "start": "00:02:08", "text": "answered it, maybe you might want to try"}, {"end": "00:02:12", "start": "00:02:09", "text": "a different one. So, here we go. That"}, {"end": "00:02:13", "start": "00:02:10", "text": "one doesn't count. We're the just the"}, {"end": "00:02:16", "start": "00:02:12", "text": "ones uh that I'm going to ask right now."}, {"end": "00:02:18", "start": "00:02:13", "text": "So, all right. Buster's fake hand. What"}, {"end": "00:02:20", "start": "00:02:16", "text": "television show is that from? Um,"}, {"end": "00:02:21", "start": "00:02:18", "text": "Charlie Brown. That's from a famous"}, {"end": "00:02:24", "start": "00:02:20", "text": "comic strip. What's the name of the"}, {"end": "00:02:25", "start": "00:02:21", "text": "comic strip? Um, Charlie Bucket's"}, {"end": "00:02:27", "start": "00:02:24", "text": "grandpa. What is that from? That's"}, {"end": "00:02:29", "start": "00:02:25", "text": "actually a book and it's been made into"}, {"end": "00:02:30", "start": "00:02:27", "text": "um numerous movies. That's a couple"}, {"end": "00:02:33", "start": "00:02:29", "text": "hints. What are who are the characters"}, {"end": "00:02:35", "start": "00:02:30", "text": "Cliff and Norm from? What is that from?"}, {"end": "00:02:38", "start": "00:02:33", "text": "Um, Cosmo Kramer. What television show"}, {"end": "00:02:41", "start": "00:02:35", "text": "is that one from? Ernie's rubber Ducky."}, {"end": "00:02:43", "start": "00:02:38", "text": "What television show is that from? Um,"}, {"end": "00:02:46", "start": "00:02:41", "text": "name one of Fat Albert's crew from the"}, {"end": "00:02:48", "start": "00:02:43", "text": "TV show Fat Albert. What television show"}, {"end": "00:02:51", "start": "00:02:46", "text": "is Father Mohei from? Do you guys like"}, {"end": "00:02:53", "start": "00:02:48", "text": "my uh my ship names? If you're from the"}, {"end": "00:02:55", "start": "00:02:51", "text": "80s and possibly the '90s, he must and"}, {"end": "00:02:58", "start": "00:02:53", "text": "70s. You guys would love my my ship"}, {"end": "00:02:59", "start": "00:02:55", "text": "names. Um, Gilligan and Skipper 2. Oh my"}, {"end": "00:03:00", "start": "00:02:58", "text": "gosh, that's almost too easy. This is a"}, {"end": "00:03:02", "start": "00:02:59", "text": "giveaway. What television show is that"}, {"end": "00:03:04", "start": "00:03:00", "text": "from? Um, Larry, Daryl and Daryl, what"}, {"end": "00:03:06", "start": "00:03:02", "text": "television show is that from? Um,"}, {"end": "00:03:08", "start": "00:03:04", "text": "Leverne and Shirley had two dudes on"}, {"end": "00:03:09", "start": "00:03:06", "text": "that television show that were always"}, {"end": "00:03:10", "start": "00:03:08", "text": "trying to like get dates from them. What"}, {"end": "00:03:11", "start": "00:03:09", "text": "are the names of the two dudes that"}, {"end": "00:03:13", "start": "00:03:10", "text": "always try to get dates from Leverne and"}, {"end": "00:03:16", "start": "00:03:11", "text": "Shirley? Uh, Miss Piggy. That's way too"}, {"end": "00:03:18", "start": "00:03:13", "text": "easy. Oh, who's Miss Piggy's uh love uh"}, {"end": "00:03:19", "start": "00:03:16", "text": "who does she have a love affection for?"}, {"end": "00:03:23", "start": "00:03:18", "text": "Like she always is after one person. Who"}, {"end": "00:03:25", "start": "00:03:19", "text": "is that? Or one thing. Um Mor from Orc."}, {"end": "00:03:29", "start": "00:03:23", "text": "Who uh who is the other main character"}, {"end": "00:03:33", "start": "00:03:25", "text": "from Mor from Orc? Um Oscar's worm,"}, {"end": "00:03:35", "start": "00:03:29", "text": "Slimy. Um what is Slimy? Um it's from a"}, {"end": "00:03:36", "start": "00:03:33", "text": "television show, but what is Slimy? Um"}, {"end": "00:03:39", "start": "00:03:35", "text": "Ponch and John. What are those"}, {"end": "00:03:40", "start": "00:03:36", "text": "characters from? Ralph Furley and"}, {"end": "00:03:43", "start": "00:03:39", "text": "Stanley Roer. Those are two characters"}, {"end": "00:03:45", "start": "00:03:40", "text": "from what TV show? Randy Macho Man"}, {"end": "00:03:48", "start": "00:03:43", "text": "Savage. Okay. He played a sport. What"}, {"end": "00:03:49", "start": "00:03:45", "text": "sport did he play? Uh, Reading Rainbow"}, {"end": "00:03:52", "start": "00:03:48", "text": "Rocks. I don't really have Oh, who is"}, {"end": "00:03:54", "start": "00:03:49", "text": "the um who's the main guy who does all"}, {"end": "00:03:56", "start": "00:03:52", "text": "the reading from Reading Rainbow Rocks?"}, {"end": "00:03:58", "start": "00:03:54", "text": "Stay Puff Marshmallow Man. I think this"}, {"end": "00:04:00", "start": "00:03:56", "text": "is an easy one. What movie is that from?"}, {"end": "00:04:01", "start": "00:03:58", "text": "Um, who's your favorite Care Bear? It"}, {"end": "00:04:04", "start": "00:04:00", "text": "has to be a real Care Bear. Don't make"}, {"end": "00:04:06", "start": "00:04:01", "text": "one up. Um, what is your favorite"}, {"end": "00:04:08", "start": "00:04:04", "text": "garbage pail kid? If you collected"}, {"end": "00:04:11", "start": "00:04:06", "text": "garbage pale kids in the past, what"}, {"end": "00:04:13", "start": "00:04:08", "text": "sport was the junkyard dog in? What"}, {"end": "00:04:15", "start": "00:04:11", "text": "sport did the junkyard dog play? Um, CEO"}, {"end": "00:04:17", "start": "00:04:13", "text": "Huxable is from what television show"}, {"end": "00:04:19", "start": "00:04:15", "text": "Uncle Jesse, what television show is"}, {"end": "00:04:21", "start": "00:04:17", "text": "Uncle Jesse from? And did that what"}, {"end": "00:04:23", "start": "00:04:19", "text": "television show is from? So, man, this"}, {"end": "00:04:25", "start": "00:04:21", "text": "is your quest, guys. Give me a whole"}, {"end": "00:04:28", "start": "00:04:23", "text": "bunch of answers and put them in the"}, {"end": "00:04:29", "start": "00:04:25", "text": "comments. Make sure you like this video"}, {"end": "00:04:31", "start": "00:04:28", "text": "right here. Like this post video, how"}, {"end": "00:04:32", "start": "00:04:29", "text": "however I do it. I don't know how I'm"}, {"end": "00:04:34", "start": "00:04:31", "text": "going to do it, but make sure you like"}, {"end": "00:04:36", "start": "00:04:32", "text": "it. Holy smokes. What's going on there?"}, {"end": "00:04:38", "start": "00:04:34", "text": "You guys see that? What the heck is"}, {"end": "00:04:40", "start": "00:04:36", "text": "going on? Wow. All right. Anyway, I love"}, {"end": "00:04:41", "start": "00:04:38", "text": "you guys all. Good luck on this contest"}, {"end": "00:04:43", "start": "00:04:40", "text": "and this has been an awesome community"}, {"end": "00:04:45", "start": "00:04:41", "text": "week tomorrow at the Joony Awards. Let's"}, {"end": "00:04:46", "start": "00:04:43", "text": "go. And then on Saturday, we have the"}, {"end": "00:04:51", "start": "00:04:45", "text": "drawing for this contest that I'm doing"}, {"end": "00:04:51", "start": "00:04:46", "text": "right now. Talk to you guys later."}]

[{"end": "00:00:03", "start": "00:00:00", "text": "Yo, what's up, captains and cadets? Man,"}, {"end": "00:00:05", "start": "00:00:02", "text": "I wasn't planning on making a video"}, {"end": "00:00:06", "start": "00:00:03", "text": "today, but so many crazy things have"}, {"end": "00:00:08", "start": "00:00:05", "text": "happened in the past 24 hours. I had to"}, {"end": "00:00:11", "start": "00:00:06", "text": "jump on it. Uh, so we're going to watch"}, {"end": "00:00:12", "start": "00:00:08", "text": "this trailer uh through some at some"}, {"end": "00:00:14", "start": "00:00:11", "text": "point in this video, but I want to talk"}, {"end": "00:00:16", "start": "00:00:12", "text": "about a few things first. Um, I"}, {"end": "00:00:18", "start": "00:00:14", "text": "downloaded the highest quality version"}, {"end": "00:00:20", "start": "00:00:16", "text": "of it so you guys can watch it on your"}, {"end": "00:00:22", "start": "00:00:18", "text": "TV. Cast it to your big screen TV. Um,"}, {"end": "00:00:26", "start": "00:00:20", "text": "but first, let's talk about a couple"}, {"end": "00:00:26", "start": "00:00:22", "text": "other things. Let's go. Wow."}, {"end": "00:00:40", "start": "00:00:37", "text": "Yo, what's up muds? What's up, ponies?"}, {"end": "00:00:42", "start": "00:00:39", "text": "What is up, boosters and anyone that is"}, {"end": "00:00:44", "start": "00:00:40", "text": "new to Star Atlas, like I said, we'll"}, {"end": "00:00:46", "start": "00:00:42", "text": "jump into that uh trailer in just a sec."}, {"end": "00:00:48", "start": "00:00:44", "text": "This is for the um the shooter game that"}, {"end": "00:00:50", "start": "00:00:46", "text": "Star Atlas has on Unreal Engine 5. And"}, {"end": "00:00:52", "start": "00:00:48", "text": "this is phenomenal. It's going to blow"}, {"end": "00:00:55", "start": "00:00:50", "text": "your mind if you haven't uh checked it"}, {"end": "00:00:59", "start": "00:00:52", "text": "out yet. Um, now the Star uh Atlas"}, {"end": "00:01:02", "start": "00:00:55", "text": "kickoff event has now commenced and uh"}, {"end": "00:01:04", "start": "00:00:59", "text": "boy, the free raffle community ticket"}, {"end": "00:01:07", "start": "00:01:02", "text": "giveaway. Um, so you can win yourself"}, {"end": "00:01:09", "start": "00:01:04", "text": "some loot um on on this upcoming"}, {"end": "00:01:10", "start": "00:01:07", "text": "Saturday has it's just all underway and"}, {"end": "00:01:11", "start": "00:01:09", "text": "everyone's really excited about it and"}, {"end": "00:01:13", "start": "00:01:10", "text": "there's multiple ways that you can win a"}, {"end": "00:01:14", "start": "00:01:11", "text": "whole bunch of different ways and the"}, {"end": "00:01:17", "start": "00:01:13", "text": "team explained it um in the kickoff"}, {"end": "00:01:19", "start": "00:01:14", "text": "event um today. Um, there's hidden codes"}, {"end": "00:01:21", "start": "00:01:17", "text": "throughout all of Star Atlas's stuff."}, {"end": "00:01:23", "start": "00:01:19", "text": "Like in some of their games on like in"}, {"end": "00:01:24", "start": "00:01:21", "text": "the marketplace, I guess. Um, whatever"}, {"end": "00:01:26", "start": "00:01:23", "text": "you can think of, there might be a"}, {"end": "00:01:27", "start": "00:01:24", "text": "hidden code. So, you got to like be a"}, {"end": "00:01:29", "start": "00:01:26", "text": "sleuth and go kind of look for the"}, {"end": "00:01:31", "start": "00:01:27", "text": "codes. And the codes are a oneanddone"}, {"end": "00:01:33", "start": "00:01:29", "text": "type of thing. So, once someone actually"}, {"end": "00:01:35", "start": "00:01:31", "text": "finds the code and claims it, um, then"}, {"end": "00:01:36", "start": "00:01:33", "text": "you can't get the tickets anymore. So,"}, {"end": "00:01:38", "start": "00:01:35", "text": "you might find a code and you try to"}, {"end": "00:01:40", "start": "00:01:36", "text": "punch it in and it doesn't work. Um, but"}, {"end": "00:01:43", "start": "00:01:38", "text": "speaking of that, like how do you punch"}, {"end": "00:01:46", "start": "00:01:40", "text": "codes in? Well, if you go to Discord and"}, {"end": "00:01:48", "start": "00:01:43", "text": "you go over to this really cool bot that"}, {"end": "00:01:52", "start": "00:01:46", "text": "Darwin, um, part of the Star Atlas dev"}, {"end": "00:01:55", "start": "00:01:48", "text": "team community team, um, uh, created for"}, {"end": "00:01:57", "start": "00:01:52", "text": "us. Um, where is it here? Uh,"}, {"end": "00:02:00", "start": "00:01:55", "text": "oh, it was highlighted. Um, so uh, so"}, {"end": "00:02:02", "start": "00:01:57", "text": "it's Solola Quintbot and it says, \"I'm"}, {"end": "00:02:04", "start": "00:02:00", "text": "Soloquint, the legendary youngest winner"}, {"end": "00:02:05", "start": "00:02:02", "text": "of the Triple Racing Cup and your"}, {"end": "00:02:07", "start": "00:02:04", "text": "interstellar stellar host for the"}, {"end": "00:02:09", "start": "00:02:05", "text": "Starless Community Week. If you've been"}, {"end": "00:02:11", "start": "00:02:07", "text": "drifting in a dark sector and missed the"}, {"end": "00:02:12", "start": "00:02:09", "text": "buzz, no worries. I'll bring you up to"}, {"end": "00:02:14", "start": "00:02:11", "text": "speed right now. The community community"}, {"end": "00:02:16", "start": "00:02:12", "text": "week is our galaxy spanning toast to"}, {"end": "00:02:18", "start": "00:02:14", "text": "what makes Star Atlas universe thrive."}, {"end": "00:02:20", "start": "00:02:16", "text": "You are unstoppable community of"}, {"end": "00:02:22", "start": "00:02:18", "text": "explorers, builders, and warriors. To"}, {"end": "00:02:24", "start": "00:02:20", "text": "show our gratitude, we've lined up a"}, {"end": "00:02:27", "start": "00:02:22", "text": "week-long extravaganza from July 28th"}, {"end": "00:02:29", "start": "00:02:24", "text": "onward. Packed with daily thrills like"}, {"end": "00:02:32", "start": "00:02:27", "text": "Guild Showdown in Copo to win up to"}, {"end": "00:02:34", "start": "00:02:29", "text": "$26,000 in infrastructure um prizes, the"}, {"end": "00:02:36", "start": "00:02:32", "text": "Epic Jon Awards for the MVP of the"}, {"end": "00:02:38", "start": "00:02:34", "text": "community, team verse team shooter"}, {"end": "00:02:40", "start": "00:02:36", "text": "battles, and yada yada yada. talked a"}, {"end": "00:02:42", "start": "00:02:38", "text": "lot about all of that in my last video I"}, {"end": "00:02:45", "start": "00:02:40", "text": "just made. Um, but how the raffle works"}, {"end": "00:02:47", "start": "00:02:42", "text": "is you have to actually submit a public"}, {"end": "00:02:49", "start": "00:02:45", "text": "um address of your wallet. You just have"}, {"end": "00:02:51", "start": "00:02:47", "text": "to link um one of your like your Phantom"}, {"end": "00:02:52", "start": "00:02:49", "text": "wallet or your ledger or something like"}, {"end": "00:02:53", "start": "00:02:51", "text": "that. Just a public ID, nothing that you"}, {"end": "00:02:56", "start": "00:02:52", "text": "know like is sketchy or anything like"}, {"end": "00:02:59", "start": "00:02:53", "text": "that. Once you link that um you can then"}, {"end": "00:03:01", "start": "00:02:56", "text": "um redeem codes. So if like you find a"}, {"end": "00:03:03", "start": "00:02:59", "text": "code or you win a code from me or from"}, {"end": "00:03:04", "start": "00:03:01", "text": "um Metverse Explorer or um you get a"}, {"end": "00:03:07", "start": "00:03:03", "text": "code from one of your guild members."}, {"end": "00:03:09", "start": "00:03:04", "text": "Guild members have a bunch of codes. Um,"}, {"end": "00:03:11", "start": "00:03:07", "text": "also you can find codes in um some of"}, {"end": "00:03:13", "start": "00:03:09", "text": "the Star Atlas um community made um"}, {"end": "00:03:15", "start": "00:03:11", "text": "tools like maybe Sly Assistant. You find"}, {"end": "00:03:16", "start": "00:03:13", "text": "a code somewhere hidden in Sly Assistant"}, {"end": "00:03:18", "start": "00:03:15", "text": "somehow or EVI or something like that."}, {"end": "00:03:20", "start": "00:03:16", "text": "You come over here, you redeem the code"}, {"end": "00:03:22", "start": "00:03:18", "text": "and you basically copy copy and paste it"}, {"end": "00:03:24", "start": "00:03:20", "text": "right here and hit submit and you're"}, {"end": "00:03:25", "start": "00:03:22", "text": "good to go. Also, as long as you're"}, {"end": "00:03:28", "start": "00:03:24", "text": "watching live events, they're going to"}, {"end": "00:03:30", "start": "00:03:25", "text": "give you a code. And um we'll go over to"}, {"end": "00:03:32", "start": "00:03:28", "text": "back to Twitter for a sec. Starless TV"}, {"end": "00:03:35", "start": "00:03:30", "text": "made a sweet little cheat guide right"}, {"end": "00:03:37", "start": "00:03:32", "text": "here on X. Um, you can screenshot this"}, {"end": "00:03:39", "start": "00:03:35", "text": "or you can go over I have it retweeted"}, {"end": "00:03:40", "start": "00:03:37", "text": "on my Twitter or you can follow Starless"}, {"end": "00:03:42", "start": "00:03:39", "text": "TV on Twitter, which you probably"}, {"end": "00:03:45", "start": "00:03:40", "text": "should, and uh, read it there. Um, but"}, {"end": "00:03:47", "start": "00:03:42", "text": "it says, \"Earn tickets all week by being"}, {"end": "00:03:49", "start": "00:03:45", "text": "active, by playing events, by typing in"}, {"end": "00:03:51", "start": "00:03:47", "text": "exclamation point GM for good morning"}, {"end": "00:03:52", "start": "00:03:49", "text": "every single day. You get 100 free"}, {"end": "00:03:54", "start": "00:03:51", "text": "tickets for that, for using fun"}, {"end": "00:03:56", "start": "00:03:52", "text": "commands.\" So, you can actually duel"}, {"end": "00:03:58", "start": "00:03:54", "text": "another person on Discord by uh, and"}, {"end": "00:04:00", "start": "00:03:56", "text": "play rock paper scissors. Um, you can do"}, {"end": "00:04:02", "start": "00:03:58", "text": "the dgen spin. And this is what you have"}, {"end": "00:04:04", "start": "00:04:00", "text": "to do. You have to do the back slash"}, {"end": "00:04:07", "start": "00:04:02", "text": "duel. That's what you type into Discord"}, {"end": "00:04:08", "start": "00:04:04", "text": "and um and and then I think for for the"}, {"end": "00:04:11", "start": "00:04:07", "text": "duel then you have to put the person's"}, {"end": "00:04:12", "start": "00:04:08", "text": "name the at the at sign and then they're"}, {"end": "00:04:14", "start": "00:04:11", "text": "like discord name and then and then you"}, {"end": "00:04:16", "start": "00:04:12", "text": "do how many like a number of how many"}, {"end": "00:04:18", "start": "00:04:14", "text": "tickets that you want to bet and rock"}, {"end": "00:04:19", "start": "00:04:16", "text": "paper scissors the dgen spin I believe"}, {"end": "00:04:22", "start": "00:04:18", "text": "the same thing um you can do this every"}, {"end": "00:04:24", "start": "00:04:19", "text": "four hours um and we'll go back to"}, {"end": "00:04:27", "start": "00:04:22", "text": "discord in a sec um and look at the odds"}, {"end": "00:04:28", "start": "00:04:24", "text": "of that um inven uh back/inventory to"}, {"end": "00:04:30", "start": "00:04:27", "text": "check how many tickets you have back"}, {"end": "00:04:32", "start": "00:04:28", "text": "slashclaim so this is how you'd claim"}, {"end": "00:04:34", "start": "00:04:30", "text": "your daily code um if they give you like"}, {"end": "00:04:36", "start": "00:04:32", "text": "a special secret word um on Discord"}, {"end": "00:04:38", "start": "00:04:34", "text": "during one of the events. You uh type"}, {"end": "00:04:39", "start": "00:04:36", "text": "that in right there. A back slash"}, {"end": "00:04:41", "start": "00:04:38", "text": "setwallet. This is how you link your"}, {"end": "00:04:42", "start": "00:04:39", "text": "wallet, but I already showed you how to"}, {"end": "00:04:44", "start": "00:04:41", "text": "do that. Um back/ leaderboard, see who"}, {"end": "00:04:48", "start": "00:04:42", "text": "the top holders are, and then the help"}, {"end": "00:04:50", "start": "00:04:44", "text": "command. Um so, if we go over to is it"}, {"end": "00:04:52", "start": "00:04:48", "text": "hold on games guide. So, the games guide"}, {"end": "00:04:54", "start": "00:04:50", "text": "right here actually shows you uh if you"}, {"end": "00:04:55", "start": "00:04:52", "text": "click that, you can read all about how"}, {"end": "00:04:57", "start": "00:04:54", "text": "to do all the games. But you can see"}, {"end": "00:04:59", "start": "00:04:55", "text": "right here for the DGEN, it gives you"}, {"end": "00:05:00", "start": "00:04:57", "text": "actually the percentages of how, you"}, {"end": "00:05:02", "start": "00:04:59", "text": "know, like what percentage you might"}, {"end": "00:05:03", "start": "00:05:00", "text": "lose your tickets or you might get a"}, {"end": "00:05:06", "start": "00:05:02", "text": "small win or you might hit the jackpot,"}, {"end": "00:05:08", "start": "00:05:03", "text": "which is 5x your tickets. Um, and this"}, {"end": "00:05:10", "start": "00:05:06", "text": "is how you would duel. You do the back"}, {"end": "00:05:12", "start": "00:05:08", "text": "slash duel, then you put the person's"}, {"end": "00:05:14", "start": "00:05:10", "text": "username in, and then the amount. And I"}, {"end": "00:05:16", "start": "00:05:12", "text": "don't know if you have to do the uh the"}, {"end": "00:05:17", "start": "00:05:14", "text": "left and right um little triangles here."}, {"end": "00:05:19", "start": "00:05:16", "text": "I forget what those are called. Um, but"}, {"end": "00:05:20", "start": "00:05:17", "text": "you might have to do those two. Again,"}, {"end": "00:05:22", "start": "00:05:19", "text": "all you have to do is go to the games"}, {"end": "00:05:24", "start": "00:05:20", "text": "guide um and you can read all about it"}, {"end": "00:05:25", "start": "00:05:22", "text": "right there. There's also the rules um"}, {"end": "00:05:28", "start": "00:05:24", "text": "basically saying that you have to be 18"}, {"end": "00:05:30", "start": "00:05:25", "text": "or older and then the help guide if you"}, {"end": "00:05:31", "start": "00:05:28", "text": "guys have any questions on that. Um it"}, {"end": "00:05:33", "start": "00:05:30", "text": "kind of gives you a little bit of a"}, {"end": "00:05:35", "start": "00:05:31", "text": "synopsis on um what's going on right"}, {"end": "00:05:38", "start": "00:05:33", "text": "there. So, you'll have to go and look"}, {"end": "00:05:39", "start": "00:05:35", "text": "for um also like u for different people"}, {"end": "00:05:41", "start": "00:05:38", "text": "that are giving away tickets. So, I'm"}, {"end": "00:05:43", "start": "00:05:39", "text": "giving away every single time um I pull"}, {"end": "00:05:45", "start": "00:05:41", "text": "a winner for one of my contests, they"}, {"end": "00:05:47", "start": "00:05:43", "text": "get a code for 400 tickets, which is"}, {"end": "00:05:49", "start": "00:05:45", "text": "pretty sweet. Um, now the day the daily"}, {"end": "00:05:51", "start": "00:05:47", "text": "that we just had actually was pretty um"}, {"end": "00:05:53", "start": "00:05:49", "text": "let's do let's check how many tickets I"}, {"end": "00:05:54", "start": "00:05:51", "text": "got cuz um I did the GM and I did the"}, {"end": "00:05:57", "start": "00:05:53", "text": "one code word and I got a ton of"}, {"end": "00:05:58", "start": "00:05:54", "text": "tickets. Um so let's see. Check your"}, {"end": "00:06:00", "start": "00:05:57", "text": "community tickets. You just have to"}, {"end": "00:06:03", "start": "00:05:58", "text": "click that and then you scroll down and"}, {"end": "00:06:05", "start": "00:06:00", "text": "just for doing those two things um I got"}, {"end": "00:06:08", "start": "00:06:03", "text": "um 2560"}, {"end": "00:06:11", "start": "00:06:05", "text": "tickets. So I think you get 20 Oh, it's"}, {"end": "00:06:14", "start": "00:06:08", "text": "uh 2 to four. Um I guess that would be"}, {"end": "00:06:16", "start": "00:06:11", "text": "426 or it's 246 I guess is what how they"}, {"end": "00:06:18", "start": "00:06:14", "text": "have it. Um, but anyway, that's how many"}, {"end": "00:06:19", "start": "00:06:16", "text": "tickets you get. And uh I think that was"}, {"end": "00:06:21", "start": "00:06:18", "text": "kind of supposed to be a pun on the 4 to"}, {"end": "00:06:23", "start": "00:06:19", "text": "6. So for for instance, for me um how"}, {"end": "00:06:25", "start": "00:06:21", "text": "I'm doing my giveaway is um for"}, {"end": "00:06:27", "start": "00:06:23", "text": "tomorrow, if you're watching this uh"}, {"end": "00:06:29", "start": "00:06:25", "text": "within like I don't know like 20 hours"}, {"end": "00:06:30", "start": "00:06:27", "text": "after I'm making it, um what you have to"}, {"end": "00:06:32", "start": "00:06:29", "text": "do is you have to tell me who you think"}, {"end": "00:06:34", "start": "00:06:30", "text": "you are going to who's going to win for"}, {"end": "00:06:37", "start": "00:06:32", "text": "the best guild in the Copa event"}, {"end": "00:06:38", "start": "00:06:34", "text": "tomorrow. Um who's going to take it all."}, {"end": "00:06:40", "start": "00:06:37", "text": "Um I gave a list of all the um different"}, {"end": "00:06:42", "start": "00:06:38", "text": "guilds that are competing tomorrow. Um,"}, {"end": "00:06:44", "start": "00:06:40", "text": "and you just have to like and retweet"}, {"end": "00:06:46", "start": "00:06:42", "text": "this. And I'm just going to pull five"}, {"end": "00:06:47", "start": "00:06:44", "text": "winners. Um, either either on Tuesday or"}, {"end": "00:06:50", "start": "00:06:46", "text": "Wednesday, I'll pull five winners. And I"}, {"end": "00:06:53", "start": "00:06:47", "text": "did another one. If we go back, um, all"}, {"end": "00:06:54", "start": "00:06:50", "text": "you have to do is watch my video and"}, {"end": "00:06:56", "start": "00:06:53", "text": "give me a comment on this video right"}, {"end": "00:06:58", "start": "00:06:54", "text": "here. Watch it, hit the like button on"}, {"end": "00:07:00", "start": "00:06:56", "text": "that video and make a comment on it and"}, {"end": "00:07:02", "start": "00:06:58", "text": "you're in the drawing for another 400"}, {"end": "00:07:04", "start": "00:07:00", "text": "tickets if I pull your name. Um, I'll do"}, {"end": "00:07:06", "start": "00:07:02", "text": "a random um, pull on that on Wednesday."}, {"end": "00:07:08", "start": "00:07:04", "text": "Um, so and just in case you guys don't"}, {"end": "00:07:12", "start": "00:07:06", "text": "know, there's a little $15,000"}, {"end": "00:07:15", "start": "00:07:08", "text": "worth of uh hold on one sec. Here we go."}, {"end": "00:07:17", "start": "00:07:12", "text": "$15,000 worth of prizes, including a"}, {"end": "00:07:20", "start": "00:07:15", "text": "griick, a sunpaw, which is a killer ship"}, {"end": "00:07:21", "start": "00:07:17", "text": "right there. Um, so man man, do what you"}, {"end": "00:07:22", "start": "00:07:20", "text": "got to do to try to win all the tickets"}, {"end": "00:07:24", "start": "00:07:21", "text": "you possibly can. And then they're going"}, {"end": "00:07:25", "start": "00:07:22", "text": "to um I think it says it's automat"}, {"end": "00:07:27", "start": "00:07:24", "text": "they're automatically entered at the end"}, {"end": "00:07:29", "start": "00:07:25", "text": "of the week on Saturday and they'll be"}, {"end": "00:07:32", "start": "00:07:27", "text": "pulling names for uh yeah, for all those"}, {"end": "00:07:33", "start": "00:07:29", "text": "prizes. Now u this is what really booted"}, {"end": "00:07:35", "start": "00:07:32", "text": "me to make a video tonight. Look at this"}, {"end": "00:07:38", "start": "00:07:33", "text": "man. Hollow Sim is about to end in two"}, {"end": "00:07:39", "start": "00:07:35", "text": "days and 22 hours. So, I'm not too sure"}, {"end": "00:07:41", "start": "00:07:38", "text": "if this will be tied into something to"}, {"end": "00:07:42", "start": "00:07:39", "text": "do with the town hall, but this it says"}, {"end": "00:07:44", "start": "00:07:41", "text": "right here, Hollow Hollow Sim season"}, {"end": "00:07:45", "start": "00:07:42", "text": "ending soon. So, this was the first"}, {"end": "00:07:47", "start": "00:07:44", "text": "season of Hollow Sim. And it was totally"}, {"end": "00:07:48", "start": "00:07:45", "text": "like the the try out beta to make sure"}, {"end": "00:07:50", "start": "00:07:47", "text": "the blockchain all worked and stuff like"}, {"end": "00:07:52", "start": "00:07:48", "text": "that. And so, we were all basically kind"}, {"end": "00:07:53", "start": "00:07:50", "text": "of like uh testers or guinea pigs to see"}, {"end": "00:07:56", "start": "00:07:52", "text": "if this would all work. And I love this"}, {"end": "00:07:57", "start": "00:07:53", "text": "game so much. I actually am like trying"}, {"end": "00:07:58", "start": "00:07:56", "text": "to crank through a bunch of the last"}, {"end": "00:08:00", "start": "00:07:57", "text": "quests um because I was going really"}, {"end": "00:08:01", "start": "00:07:58", "text": "slow. I was recording my whole"}, {"end": "00:08:02", "start": "00:08:00", "text": "playthrough and uh I'm not going to be"}, {"end": "00:08:05", "start": "00:08:01", "text": "able to finish the game now because I"}, {"end": "00:08:07", "start": "00:08:02", "text": "took too long. Um but anyway, it says um"}, {"end": "00:08:09", "start": "00:08:05", "text": "link your wallet to the um mainet wallet"}, {"end": "00:08:12", "start": "00:08:07", "text": "pub key in your hollow sim settings to"}, {"end": "00:08:13", "start": "00:08:09", "text": "qualify for end of season cosmetic"}, {"end": "00:08:15", "start": "00:08:12", "text": "rewards. So there is going to be a"}, {"end": "00:08:16", "start": "00:08:13", "text": "reward for you know just for playing for"}, {"end": "00:08:18", "start": "00:08:15", "text": "being you know testing. Anyone in the"}, {"end": "00:08:21", "start": "00:08:16", "text": "winning faction will also receive"}, {"end": "00:08:23", "start": "00:08:18", "text": "rewards based on contract redemption"}, {"end": "00:08:26", "start": "00:08:21", "text": "performance. Don't miss out on exclusive"}, {"end": "00:08:27", "start": "00:08:23", "text": "rewards um for your tactical excellence."}, {"end": "00:08:29", "start": "00:08:26", "text": "So, if you go over to the settings"}, {"end": "00:08:31", "start": "00:08:27", "text": "button, I already linked my wallet right"}, {"end": "00:08:33", "start": "00:08:29", "text": "here, but you there's a little um uh"}, {"end": "00:08:34", "start": "00:08:31", "text": "there's a tab right here for link"}, {"end": "00:08:36", "start": "00:08:33", "text": "wallet. You click that and what you want"}, {"end": "00:08:38", "start": "00:08:34", "text": "to do is you want to copy go to uh"}, {"end": "00:08:40", "start": "00:08:36", "text": "whatever public wallet you want to use"}, {"end": "00:08:42", "start": "00:08:38", "text": "um a Salana based wallet and copy and"}, {"end": "00:08:45", "start": "00:08:40", "text": "paste your Salana based wallet public"}, {"end": "00:08:47", "start": "00:08:42", "text": "key. That's what pub key is right there."}, {"end": "00:08:50", "start": "00:08:45", "text": "Just um copy and paste it and then it"}, {"end": "00:08:51", "start": "00:08:47", "text": "says um current um it will have this"}, {"end": "00:08:55", "start": "00:08:50", "text": "right here current wallet linked. And"}, {"end": "00:08:57", "start": "00:08:51", "text": "then you can hit show at any time. So,"}, {"end": "00:08:59", "start": "00:08:55", "text": "that's how you do that. And uh you know,"}, {"end": "00:09:01", "start": "00:08:57", "text": "I'm now in, you know, all set to um get"}, {"end": "00:09:02", "start": "00:08:59", "text": "that special cosmetic. I don't think on"}, {"end": "00:09:04", "start": "00:09:01", "text": "is going to win. I've been playing Oni"}, {"end": "00:09:07", "start": "00:09:02", "text": "and um from what I've been hearing, Oni"}, {"end": "00:09:08", "start": "00:09:04", "text": "is in third place um of all things. So,"}, {"end": "00:09:10", "start": "00:09:07", "text": "I don't think I will be in the running"}, {"end": "00:09:12", "start": "00:09:08", "text": "for any of the special rewards, but I'm"}, {"end": "00:09:14", "start": "00:09:10", "text": "still exa, you know, excited to get that"}, {"end": "00:09:15", "start": "00:09:12", "text": "um cosmetic. Um I just want to point"}, {"end": "00:09:18", "start": "00:09:14", "text": "this out real fast. Thank god that"}, {"end": "00:09:20", "start": "00:09:15", "text": "Cipher Wall actually um um posted about"}, {"end": "00:09:22", "start": "00:09:18", "text": "it cuz I missed this. Um but it must"}, {"end": "00:09:23", "start": "00:09:20", "text": "have been part of Aphia's um 4-year"}, {"end": "00:09:25", "start": "00:09:22", "text": "anniversary when they do all their"}, {"end": "00:09:27", "start": "00:09:23", "text": "special cool stuff for us. I love that"}, {"end": "00:09:29", "start": "00:09:25", "text": "API like gives all this stuff back to"}, {"end": "00:09:31", "start": "00:09:27", "text": "the community. Um but they have this"}, {"end": "00:09:34", "start": "00:09:29", "text": "team tracker right here and at the"}, {"end": "00:09:37", "start": "00:09:31", "text": "moment it has just the um the Atlas Brew"}, {"end": "00:09:39", "start": "00:09:34", "text": "guys. It has um N has uh Jose um Domain"}, {"end": "00:09:41", "start": "00:09:37", "text": "and Santi are three guys from the Atlas"}, {"end": "00:09:42", "start": "00:09:39", "text": "Brew and it's tracking everything that"}, {"end": "00:09:44", "start": "00:09:41", "text": "they're saying in Discord which is"}, {"end": "00:09:46", "start": "00:09:42", "text": "pretty cool. Um I'm wondering if he's"}, {"end": "00:09:48", "start": "00:09:44", "text": "going to, you know, add more or they're"}, {"end": "00:09:50", "start": "00:09:46", "text": "going to add more um like, you know,"}, {"end": "00:09:52", "start": "00:09:48", "text": "Michael Wagner and uh um some of the"}, {"end": "00:09:54", "start": "00:09:50", "text": "like Chipo and some of the other um dev"}, {"end": "00:09:55", "start": "00:09:52", "text": "teams. Um it'll be like Danny Floyd and"}, {"end": "00:09:56", "start": "00:09:54", "text": "stuff like that. It'll be really cool to"}, {"end": "00:09:58", "start": "00:09:55", "text": "see what everyone's saying so you don't"}, {"end": "00:10:00", "start": "00:09:56", "text": "miss any alpha. But right now there's a"}, {"end": "00:10:01", "start": "00:09:58", "text": "lot of little short words cuz everyone's"}, {"end": "00:10:02", "start": "00:10:00", "text": "kind of hyped and there's a total vibe"}, {"end": "00:10:04", "start": "00:10:01", "text": "going on in Discord cuz everyone's"}, {"end": "00:10:05", "start": "00:10:02", "text": "excited about Star Atlas Summer. Um, but"}, {"end": "00:10:06", "start": "00:10:04", "text": "it would be cool if you know you can"}, {"end": "00:10:07", "start": "00:10:05", "text": "scroll through and try to find some of"}, {"end": "00:10:09", "start": "00:10:06", "text": "the bigger stuff like this and maybe"}, {"end": "00:10:11", "start": "00:10:07", "text": "that might be like an explanation of"}, {"end": "00:10:12", "start": "00:10:09", "text": "something that you might um really uh"}, {"end": "00:10:14", "start": "00:10:11", "text": "need, you know, or feel like it really"}, {"end": "00:10:16", "start": "00:10:12", "text": "helps you through Star Atlas. So cool"}, {"end": "00:10:18", "start": "00:10:14", "text": "cool cool little app right there, man."}, {"end": "00:10:19", "start": "00:10:16", "text": "I've been really psyched about um Polus."}, {"end": "00:10:21", "start": "00:10:18", "text": "I've been doing a like a Polus like"}, {"end": "00:10:24", "start": "00:10:19", "text": "poster series. Like here's one, here's"}, {"end": "00:10:26", "start": "00:10:21", "text": "one I did. Here's another man. And uh"}, {"end": "00:10:27", "start": "00:10:24", "text": "yeah, this is the first one I did. I"}, {"end": "00:10:29", "start": "00:10:26", "text": "just think that Polus like you know it"}, {"end": "00:10:30", "start": "00:10:27", "text": "like it basically hit its alltime low"}, {"end": "00:10:32", "start": "00:10:29", "text": "not too long ago with all the stuff that"}, {"end": "00:10:34", "start": "00:10:30", "text": "Star Atlas is putting out there. It's"}, {"end": "00:10:36", "start": "00:10:32", "text": "kind of crazy that Polus is going, you"}, {"end": "00:10:38", "start": "00:10:34", "text": "know, like, you know, just got so"}, {"end": "00:10:39", "start": "00:10:36", "text": "squashed over the, you know, this, it's"}, {"end": "00:10:41", "start": "00:10:38", "text": "like basically still like the micro caps"}, {"end": "00:10:42", "start": "00:10:39", "text": "are still in their bare market. So, I'm"}, {"end": "00:10:44", "start": "00:10:41", "text": "really excited about Polus, but I want"}, {"end": "00:10:47", "start": "00:10:42", "text": "to play this quick commercial um that"}, {"end": "00:10:49", "start": "00:10:44", "text": "the guys that are um I believe what the"}, {"end": "00:10:50", "start": "00:10:47", "text": "team said. Oh man, I realize I can't"}, {"end": "00:10:52", "start": "00:10:49", "text": "play it because you guys got to go to"}, {"end": "00:10:54", "start": "00:10:50", "text": "Star Atlas TV. Um and if you didn't"}, {"end": "00:10:55", "start": "00:10:52", "text": "watch the kickoff event, um at least"}, {"end": "00:10:56", "start": "00:10:54", "text": "check this out right here. But you"}, {"end": "00:10:58", "start": "00:10:55", "text": "should watch the whole kickoff event cuz"}, {"end": "00:11:00", "start": "00:10:56", "text": "it was awesome, you know. But this this"}, {"end": "00:11:02", "start": "00:10:58", "text": "like uh it's basically like almost like"}, {"end": "00:11:04", "start": "00:11:00", "text": "um a parody commercial, but it's all"}, {"end": "00:11:06", "start": "00:11:02", "text": "about Polus. I love it. So, um because"}, {"end": "00:11:08", "start": "00:11:04", "text": "of the music uh copyright situation on"}, {"end": "00:11:09", "start": "00:11:06", "text": "YouTube, I can't play it. But, you know"}, {"end": "00:11:12", "start": "00:11:08", "text": "what I can do is maybe put it on"}, {"end": "00:11:14", "start": "00:11:09", "text": "Twitter. Um maybe I can find it um the"}, {"end": "00:11:15", "start": "00:11:12", "text": "original and repost it. And if not,"}, {"end": "00:11:17", "start": "00:11:14", "text": "maybe I can actually just like uh record"}, {"end": "00:11:19", "start": "00:11:15", "text": "this right here off of Starless TV and"}, {"end": "00:11:21", "start": "00:11:17", "text": "put this one commercial. It's so good,"}, {"end": "00:11:22", "start": "00:11:19", "text": "man. So, so good. Um now, we talked all"}, {"end": "00:11:23", "start": "00:11:21", "text": "about that trailer. That's the last"}, {"end": "00:11:26", "start": "00:11:22", "text": "thing I want to do. You guys can cast it"}, {"end": "00:11:28", "start": "00:11:23", "text": "to your TV um in high quality. cast on"}, {"end": "00:11:30", "start": "00:11:26", "text": "your big screen 80in TV um if you have"}, {"end": "00:11:34", "start": "00:11:28", "text": "it. Um so without further ado, man,"}, {"end": "00:11:34", "start": "00:11:30", "text": "let's check out this trailer."}, {"end": "00:12:07", "start": "00:12:04", "text": "Heat. Heat."}, {"end": "00:12:27", "start": "00:12:24", "text": "Heat."}, {"end": "00:12:30", "start": "00:12:27", "text": "Heat."}, {"end": "00:12:54", "start": "00:12:49", "text": "So,"}, {"end": "00:12:56", "start": "00:12:51", "text": "man, this Pisoul's arena is popping,"}, {"end": "00:12:57", "start": "00:12:54", "text": "man. I love it. And look at the"}, {"end": "00:12:59", "start": "00:12:56", "text": "reflections. I mean, not talk about"}, {"end": "00:13:01", "start": "00:12:57", "text": "cinematic. Look at the reflections just"}, {"end": "00:13:03", "start": "00:12:59", "text": "right there in the water. Remember when"}, {"end": "00:13:05", "start": "00:13:01", "text": "we first started playing this? It was"}, {"end": "00:13:07", "start": "00:13:03", "text": "just kind of like, you know, like just"}, {"end": "00:13:09", "start": "00:13:05", "text": "like blocky boxes, you know, with like"}, {"end": "00:13:11", "start": "00:13:07", "text": "some kind of pie in color. Look at that,"}, {"end": "00:13:12", "start": "00:13:09", "text": "dude."}, {"end": "00:13:14", "start": "00:13:11", "text": "This is phenomenal. And then check this"}, {"end": "00:13:16", "start": "00:13:12", "text": "out. There's a whole load out now that"}, {"end": "00:13:19", "start": "00:13:14", "text": "we're going to have, including like the"}, {"end": "00:13:21", "start": "00:13:16", "text": "load out of the like like"}, {"end": "00:13:24", "start": "00:13:19", "text": "things. And I guess that depending on"}, {"end": "00:13:25", "start": "00:13:21", "text": "how you choose like which like load out"}, {"end": "00:13:26", "start": "00:13:24", "text": "that you choose is actually going to"}, {"end": "00:13:28", "start": "00:13:25", "text": "totally change your play style. Like how"}, {"end": "00:13:30", "start": "00:13:26", "text": "you fly and move. And you know,"}, {"end": "00:13:32", "start": "00:13:28", "text": "movement's huge. Movement's huge in a"}, {"end": "00:13:35", "start": "00:13:30", "text": "shooter like this. This is cool stuff."}, {"end": "00:13:37", "start": "00:13:32", "text": "That is insane. That trailer right"}, {"end": "00:13:39", "start": "00:13:35", "text": "there. And this is just the very very"}, {"end": "00:13:41", "start": "00:13:37", "text": "beginning of the Star Atlas summer"}, {"end": "00:13:43", "start": "00:13:39", "text": "community week. And this is we we're"}, {"end": "00:13:45", "start": "00:13:41", "text": "going to have a town hall that they said"}, {"end": "00:13:47", "start": "00:13:43", "text": "we cannot miss. And we got two more"}, {"end": "00:13:49", "start": "00:13:45", "text": "backtoback after that. Man, Star Atlas"}, {"end": "00:13:50", "start": "00:13:47", "text": "is awesome. Love you guys all. I'm going"}, {"end": "00:13:52", "start": "00:13:49", "text": "to end this video right here. Um trying"}, {"end": "00:13:53", "start": "00:13:50", "text": "to make it quick. It's late for me."}, {"end": "00:13:55", "start": "00:13:52", "text": "Didn't even expect to make this video."}, {"end": "00:13:56", "start": "00:13:53", "text": "I'm just hyped. I'm hyped. I'm vibing."}, {"end": "00:14:01", "start": "00:13:55", "text": "I'll talk to you guys in the next one."}, {"end": "00:14:01", "start": "00:13:56", "text": "Later. Heat. Heat."}]

[{"end": "00:00:05", "start": "00:00:01", "text": "Yo, what's up captains and cadets? We"}, {"end": "00:00:07", "start": "00:00:03", "text": "are going to bust into some Star Atlas"}, {"end": "00:00:10", "start": "00:00:05", "text": "news, mostly focusing on this upcoming"}, {"end": "00:00:13", "start": "00:00:07", "text": "community week of Starless Summer. Let's"}, {"end": "00:00:13", "start": "00:00:10", "text": "go."}, {"end": "00:00:28", "start": "00:00:25", "text": "Yo, what's up muds? What's up ponies?"}, {"end": "00:00:31", "start": "00:00:27", "text": "What's up boosters? And if you are new"}, {"end": "00:00:33", "start": "00:00:28", "text": "to Star Atlas, welcome man. Um, check"}, {"end": "00:00:34", "start": "00:00:31", "text": "out this graphic right here. If uh, you"}, {"end": "00:00:35", "start": "00:00:33", "text": "know, if you guys missed it somehow, I"}, {"end": "00:00:37", "start": "00:00:34", "text": "don't know how you would have missed it,"}, {"end": "00:00:40", "start": "00:00:35", "text": "but there is a ton of stuff that is"}, {"end": "00:00:43", "start": "00:00:37", "text": "about to happen in late July and early"}, {"end": "00:00:45", "start": "00:00:40", "text": "August. Um, man, we'll touch base on"}, {"end": "00:00:46", "start": "00:00:43", "text": "this graphic in just a second and talk"}, {"end": "00:00:48", "start": "00:00:45", "text": "about all the things that are happening."}, {"end": "00:00:50", "start": "00:00:46", "text": "Um, but first I wanted to give a huge"}, {"end": "00:00:52", "start": "00:00:48", "text": "congratulations and shout out to Dominic"}, {"end": "00:00:54", "start": "00:00:50", "text": "Vain who just became the head of"}, {"end": "00:00:56", "start": "00:00:52", "text": "marketing. Um, now do Dominic Vain um,"}, {"end": "00:00:58", "start": "00:00:54", "text": "his title's removed from X and I think"}, {"end": "00:01:01", "start": "00:00:56", "text": "he was like the senior community"}, {"end": "00:01:03", "start": "00:00:58", "text": "director. Um, I sometimes get mixed up"}, {"end": "00:01:05", "start": "00:01:01", "text": "between um, his title and Santi's title,"}, {"end": "00:01:08", "start": "00:01:03", "text": "but now he is the head of marketing. Um,"}, {"end": "00:01:10", "start": "00:01:05", "text": "the team has not put a lot of effort or"}, {"end": "00:01:13", "start": "00:01:08", "text": "money almost zero money into marketing"}, {"end": "00:01:14", "start": "00:01:10", "text": "thus so far. Um, and this is because"}, {"end": "00:01:18", "start": "00:01:13", "text": "they just really wanted to focus upon"}, {"end": "00:01:19", "start": "00:01:14", "text": "development. The reason that marketing"}, {"end": "00:01:20", "start": "00:01:18", "text": "they thought would have been a waste of"}, {"end": "00:01:23", "start": "00:01:19", "text": "money is why market something when they"}, {"end": "00:01:26", "start": "00:01:20", "text": "don't have a game to show. And after"}, {"end": "00:01:28", "start": "00:01:23", "text": "these um new dates have been kind of"}, {"end": "00:01:30", "start": "00:01:26", "text": "like put forth on all this new excellent"}, {"end": "00:01:32", "start": "00:01:28", "text": "stuff that is about to happen into the"}, {"end": "00:01:35", "start": "00:01:30", "text": "world of Star Atlas, um they really want"}, {"end": "00:01:37", "start": "00:01:32", "text": "to amp up their uh their marketing and"}, {"end": "00:01:40", "start": "00:01:35", "text": "um Dom Bane has been promoted into this"}, {"end": "00:01:42", "start": "00:01:37", "text": "position. And how he said he's going to"}, {"end": "00:01:44", "start": "00:01:40", "text": "go about and do it is I took some notes"}, {"end": "00:01:46", "start": "00:01:42", "text": "here. So, one of the first things that"}, {"end": "00:01:48", "start": "00:01:44", "text": "they want to do is to revamp the"}, {"end": "00:01:50", "start": "00:01:46", "text": "staratlas.com page right here. Um, this"}, {"end": "00:01:53", "start": "00:01:48", "text": "style page was like all the rage maybe"}, {"end": "00:01:54", "start": "00:01:50", "text": "like, you know, 3, four, 5 years ago,"}, {"end": "00:01:56", "start": "00:01:53", "text": "like having um, you know, a page that"}, {"end": "00:01:57", "start": "00:01:54", "text": "like kind of worked like this. Um, but"}, {"end": "00:01:59", "start": "00:01:56", "text": "it's not really, you know, kind of"}, {"end": "00:02:01", "start": "00:01:57", "text": "showing anything that is going on in"}, {"end": "00:02:02", "start": "00:01:59", "text": "Star Atlas. If we kind of scroll through"}, {"end": "00:02:04", "start": "00:02:01", "text": "it, I mean, right off the bat, I feel"}, {"end": "00:02:06", "start": "00:02:02", "text": "like there should be some like, you"}, {"end": "00:02:08", "start": "00:02:04", "text": "know, really cool Unreal Engine um 5"}, {"end": "00:02:10", "start": "00:02:06", "text": "footage, you know, some footage, you"}, {"end": "00:02:12", "start": "00:02:08", "text": "know, bam, you know, we got Hollow Sim,"}, {"end": "00:02:15", "start": "00:02:10", "text": "bam, we got, you know, um Starbase, bam,"}, {"end": "00:02:17", "start": "00:02:12", "text": "this is like the fighter version of uh"}, {"end": "00:02:18", "start": "00:02:15", "text": "UE5. Plus, you know, hopefully we're"}, {"end": "00:02:20", "start": "00:02:17", "text": "going to be getting out some new"}, {"end": "00:02:22", "start": "00:02:18", "text": "releases in UI5 this upcoming week at"}, {"end": "00:02:23", "start": "00:02:20", "text": "the time of making this video. So, this"}, {"end": "00:02:25", "start": "00:02:22", "text": "will be awesome. Um, people have been"}, {"end": "00:02:26", "start": "00:02:23", "text": "actually complaining about the Star"}, {"end": "00:02:28", "start": "00:02:25", "text": "Atlas website and the marketplace"}, {"end": "00:02:30", "start": "00:02:26", "text": "website that both need to be revamped"}, {"end": "00:02:32", "start": "00:02:28", "text": "for quite a while. So, I'm glad that"}, {"end": "00:02:34", "start": "00:02:30", "text": "they're going to put a focus on this."}, {"end": "00:02:36", "start": "00:02:32", "text": "Um, they said that there's going to be a"}, {"end": "00:02:38", "start": "00:02:34", "text": "new email marketing funnel mechanism."}, {"end": "00:02:40", "start": "00:02:36", "text": "They said they get a lot of emails every"}, {"end": "00:02:41", "start": "00:02:38", "text": "single day. Not like like once a week,"}, {"end": "00:02:43", "start": "00:02:40", "text": "like every single day. They're getting a"}, {"end": "00:02:45", "start": "00:02:41", "text": "ton of different emails. And, um, they"}, {"end": "00:02:47", "start": "00:02:43", "text": "now have to start, you know, focusing on"}, {"end": "00:02:48", "start": "00:02:45", "text": "those emails, talking back to people,"}, {"end": "00:02:49", "start": "00:02:47", "text": "um, and, you know, working with the"}, {"end": "00:02:51", "start": "00:02:48", "text": "people that are trying to get in touch"}, {"end": "00:02:52", "start": "00:02:49", "text": "with Star Atlas, you know, and, um, you"}, {"end": "00:02:55", "start": "00:02:51", "text": "know, possibly making some new"}, {"end": "00:02:56", "start": "00:02:52", "text": "partnerships and, uh, you know, going on"}, {"end": "00:03:00", "start": "00:02:55", "text": "from there. Um, they said that they're"}, {"end": "00:03:01", "start": "00:02:56", "text": "going to focus on YouTube and content"}, {"end": "00:03:03", "start": "00:03:00", "text": "creation. They think content creation is"}, {"end": "00:03:05", "start": "00:03:01", "text": "the best way to go about marketing,"}, {"end": "00:03:07", "start": "00:03:03", "text": "which is something that I do. So, that"}, {"end": "00:03:08", "start": "00:03:05", "text": "I'm pretty excited about that. Um, and"}, {"end": "00:03:11", "start": "00:03:07", "text": "they're going to go for a bunch of new"}, {"end": "00:03:12", "start": "00:03:08", "text": "content creator partnerships. Um, and"}, {"end": "00:03:14", "start": "00:03:11", "text": "they said that they're going to focus on"}, {"end": "00:03:16", "start": "00:03:12", "text": "web 3 content creation, but um, also"}, {"end": "00:03:19", "start": "00:03:14", "text": "other um, I think crypto marketing"}, {"end": "00:03:21", "start": "00:03:16", "text": "content creation and uh, maybe even web"}, {"end": "00:03:22", "start": "00:03:19", "text": "2 um, content creation when they get a"}, {"end": "00:03:24", "start": "00:03:21", "text": "little more confidence that people are"}, {"end": "00:03:26", "start": "00:03:22", "text": "liking the gameplay. So, way to go,"}, {"end": "00:03:28", "start": "00:03:24", "text": "Dominic Vain, man. Congratulations. Um,"}, {"end": "00:03:30", "start": "00:03:26", "text": "his videos also that he's been putting"}, {"end": "00:03:32", "start": "00:03:28", "text": "out are phenomenal. And he says that um"}, {"end": "00:03:34", "start": "00:03:30", "text": "I I remember him saying something about"}, {"end": "00:03:36", "start": "00:03:32", "text": "that he's going to continue on making"}, {"end": "00:03:37", "start": "00:03:34", "text": "these videos, maybe ramp up um the"}, {"end": "00:03:38", "start": "00:03:36", "text": "amount of content. He's going to be busy"}, {"end": "00:03:40", "start": "00:03:37", "text": "like, you know, super busy. So, I'm sure"}, {"end": "00:03:41", "start": "00:03:38", "text": "it might take him a little while to"}, {"end": "00:03:43", "start": "00:03:40", "text": "catch up on making these videos, but"}, {"end": "00:03:45", "start": "00:03:41", "text": "he's just one of the best content"}, {"end": "00:03:46", "start": "00:03:43", "text": "creators for Star Atlas. And he works"}, {"end": "00:03:48", "start": "00:03:45", "text": "for Star Atlas, so that works out really"}, {"end": "00:03:50", "start": "00:03:46", "text": "good because he can actually post the"}, {"end": "00:03:53", "start": "00:03:48", "text": "videos right on the Star Atlas website."}, {"end": "00:03:54", "start": "00:03:50", "text": "All right, so next man, we're gonna pop"}, {"end": "00:03:56", "start": "00:03:53", "text": "back to this graphic in just a second. I"}, {"end": "00:03:58", "start": "00:03:54", "text": "just want to go over to Discord, though."}, {"end": "00:04:00", "start": "00:03:56", "text": "And um there is some meetups. I think"}, {"end": "00:04:01", "start": "00:03:58", "text": "this is so cool. Um they say that, you"}, {"end": "00:04:03", "start": "00:04:00", "text": "know, anyone that has ever been to a"}, {"end": "00:04:04", "start": "00:04:01", "text": "Atlas meetup says that it's like you"}, {"end": "00:04:06", "start": "00:04:03", "text": "just make basically make friends for"}, {"end": "00:04:08", "start": "00:04:04", "text": "life. Um being able to meet someone in"}, {"end": "00:04:10", "start": "00:04:06", "text": "person, you know, cuz everyone kind of"}, {"end": "00:04:12", "start": "00:04:08", "text": "like we're almost all like rappers. We"}, {"end": "00:04:14", "start": "00:04:10", "text": "all go by our uh you know, by a fake"}, {"end": "00:04:16", "start": "00:04:12", "text": "name, you know. So it's kind of cool to"}, {"end": "00:04:17", "start": "00:04:14", "text": "be able to actually meet the the the man"}, {"end": "00:04:19", "start": "00:04:16", "text": "behind the code name, you know. It's"}, {"end": "00:04:21", "start": "00:04:17", "text": "like it's it's funny how many people uh"}, {"end": "00:04:23", "start": "00:04:19", "text": "you know like I have no clue what their"}, {"end": "00:04:24", "start": "00:04:21", "text": "real names are. Like I mean the majority"}, {"end": "00:04:25", "start": "00:04:23", "text": "of people that you know I interact with"}, {"end": "00:04:27", "start": "00:04:24", "text": "in Star Atlas I have no clue what their"}, {"end": "00:04:30", "start": "00:04:25", "text": "names are. We all go by our uh you know"}, {"end": "00:04:32", "start": "00:04:27", "text": "by our gaming name. Um so this is going"}, {"end": "00:04:34", "start": "00:04:30", "text": "to be super cool to um you know maybe"}, {"end": "00:04:37", "start": "00:04:32", "text": "see some photos and some pictures you"}, {"end": "00:04:39", "start": "00:04:34", "text": "know some hugs going on. Um but we have"}, {"end": "00:04:42", "start": "00:04:37", "text": "this one Valencia on August 6th. We have"}, {"end": "00:04:43", "start": "00:04:39", "text": "the one in Utre. Um and this is where is"}, {"end": "00:04:46", "start": "00:04:42", "text": "that? That's in the Netherlands I"}, {"end": "00:04:49", "start": "00:04:43", "text": "believe. Um, so Valencia is Spain and I"}, {"end": "00:04:51", "start": "00:04:46", "text": "took some notes on this too. Hold on."}, {"end": "00:04:54", "start": "00:04:49", "text": "Yep. Valencia, Spain. Utre is in the"}, {"end": "00:04:56", "start": "00:04:51", "text": "Netherlands and um I remember Santi"}, {"end": "00:04:58", "start": "00:04:54", "text": "saying that it is like Amsterdam but you"}, {"end": "00:05:01", "start": "00:04:56", "text": "know without all the you know crazy"}, {"end": "00:05:02", "start": "00:04:58", "text": "touristy crime and you know stuff like"}, {"end": "00:05:04", "start": "00:05:01", "text": "that. You know it's like it's a really"}, {"end": "00:05:06", "start": "00:05:02", "text": "sweet sweet place in the Netherlands."}, {"end": "00:05:08", "start": "00:05:04", "text": "And the the other one's at Game Con. Is"}, {"end": "00:05:10", "start": "00:05:06", "text": "that what Yeah, Game Con in Cologne,"}, {"end": "00:05:12", "start": "00:05:08", "text": "Germany. So that's on August 23rd. So,"}, {"end": "00:05:16", "start": "00:05:10", "text": "I'm very very exc I just I don't know."}, {"end": "00:05:17", "start": "00:05:12", "text": "It like you know it it makes my soul"}, {"end": "00:05:19", "start": "00:05:16", "text": "happy when I see Star Atlas people all"}, {"end": "00:05:21", "start": "00:05:17", "text": "you know taking pictures and you know"}, {"end": "00:05:22", "start": "00:05:19", "text": "you know having a cheers with a couple"}, {"end": "00:05:24", "start": "00:05:21", "text": "you know cold brews together. So make"}, {"end": "00:05:25", "start": "00:05:22", "text": "sure if you guys are going any of those"}, {"end": "00:05:27", "start": "00:05:24", "text": "send me some pictures, send some"}, {"end": "00:05:28", "start": "00:05:25", "text": "pictures, post some pictures on uh on"}, {"end": "00:05:30", "start": "00:05:27", "text": "Axe. I I want to make sure that I cover"}, {"end": "00:05:31", "start": "00:05:28", "text": "that and I all I owe you guys a huge"}, {"end": "00:05:34", "start": "00:05:30", "text": "recap. I haven't done a recap forever."}, {"end": "00:05:36", "start": "00:05:31", "text": "So that will be in the next recap that I"}, {"end": "00:05:38", "start": "00:05:34", "text": "do and we will touch base on this in"}, {"end": "00:05:39", "start": "00:05:36", "text": "just a second. is the Copa finalists."}, {"end": "00:05:41", "start": "00:05:38", "text": "And if you guys don't know what Copa"}, {"end": "00:05:43", "start": "00:05:39", "text": "Copa is, it's a big competition between"}, {"end": "00:05:45", "start": "00:05:41", "text": "the guilds um that gets, you know, voted"}, {"end": "00:05:46", "start": "00:05:43", "text": "on. It gets prizes. It gets all sorts of"}, {"end": "00:05:50", "start": "00:05:45", "text": "stuff. So, we'll go back to that in just"}, {"end": "00:05:53", "start": "00:05:46", "text": "a second. Now, what is going on here? We"}, {"end": "00:05:55", "start": "00:05:50", "text": "have three three town halls and a"}, {"end": "00:05:56", "start": "00:05:53", "text": "community week going on. So, um again,"}, {"end": "00:05:58", "start": "00:05:55", "text": "at the time, if you if you didn't watch"}, {"end": "00:05:59", "start": "00:05:56", "text": "this video right away, this uh community"}, {"end": "00:06:02", "start": "00:05:58", "text": "week is probably already going on. It's"}, {"end": "00:06:05", "start": "00:05:59", "text": "from July 28th till August 1st. Um there"}, {"end": "00:06:06", "start": "00:06:02", "text": "is a whole bunch of events um that is in"}, {"end": "00:06:08", "start": "00:06:05", "text": "within community week. We're going to"}, {"end": "00:06:10", "start": "00:06:06", "text": "check all that out on um Twitter in just"}, {"end": "00:06:12", "start": "00:06:08", "text": "a second or X I should say. Um and in"}, {"end": "00:06:14", "start": "00:06:10", "text": "the middle of community week is the"}, {"end": "00:06:16", "start": "00:06:12", "text": "first of the series of town halls and"}, {"end": "00:06:20", "start": "00:06:14", "text": "this town hall is supposed to primarily"}, {"end": "00:06:22", "start": "00:06:16", "text": "focus on a huge Unreal Engine 5 release."}, {"end": "00:06:24", "start": "00:06:20", "text": "This is this is exciting for me cuz I"}, {"end": "00:06:26", "start": "00:06:22", "text": "get to uh do all sorts of fancy content."}, {"end": "00:06:27", "start": "00:06:24", "text": "I love doing content for Hollow Sim and"}, {"end": "00:06:29", "start": "00:06:26", "text": "uh you know and Starbase and stuff like"}, {"end": "00:06:31", "start": "00:06:27", "text": "that, but it's not as uh you know it's"}, {"end": "00:06:32", "start": "00:06:29", "text": "not as much eye candy, you know, like"}, {"end": "00:06:34", "start": "00:06:31", "text": "when you're like watching you know"}, {"end": "00:06:36", "start": "00:06:32", "text": "Unreal Engine 5, it's like poof, you"}, {"end": "00:06:38", "start": "00:06:34", "text": "know. I don't know. It's just it's"}, {"end": "00:06:39", "start": "00:06:36", "text": "awesome. I mean, the the graphics, the"}, {"end": "00:06:42", "start": "00:06:38", "text": "you know, cinematic graphics and stuff"}, {"end": "00:06:44", "start": "00:06:39", "text": "like that um are phenomenal. And we're"}, {"end": "00:06:48", "start": "00:06:42", "text": "uh going to get uh a final release of"}, {"end": "00:06:49", "start": "00:06:44", "text": "the uh um Panzul's uh Pisoul's Arena. Am"}, {"end": "00:06:52", "start": "00:06:48", "text": "I saying that right? I think it's"}, {"end": "00:06:54", "start": "00:06:49", "text": "Pisoul's Arena. Um so, the second town"}, {"end": "00:06:55", "start": "00:06:52", "text": "hall is on August 13th, so it's only a"}, {"end": "00:06:57", "start": "00:06:54", "text": "few weeks later. We're getting another"}, {"end": "00:06:59", "start": "00:06:55", "text": "town hall. And then a few weeks after"}, {"end": "00:07:01", "start": "00:06:57", "text": "that, we're getting our last and final"}, {"end": "00:07:03", "start": "00:06:59", "text": "third town hall. So, I mean, we went"}, {"end": "00:07:05", "start": "00:07:01", "text": "from having like two town halls a year"}, {"end": "00:07:08", "start": "00:07:03", "text": "to now that will be four within one"}, {"end": "00:07:10", "start": "00:07:05", "text": "summer. Four town halls in one summer."}, {"end": "00:07:12", "start": "00:07:08", "text": "Crazy."}, {"end": "00:07:14", "start": "00:07:10", "text": "So, let's hop into Twitter and first"}, {"end": "00:07:15", "start": "00:07:12", "text": "jump into community week. All right. So,"}, {"end": "00:07:17", "start": "00:07:14", "text": "we're going to start right here cuz this"}, {"end": "00:07:19", "start": "00:07:15", "text": "actually has the um the dates of all the"}, {"end": "00:07:22", "start": "00:07:17", "text": "events right here. Um a thread of"}, {"end": "00:07:24", "start": "00:07:19", "text": "community week events happening next"}, {"end": "00:07:27", "start": "00:07:22", "text": "week. This is a celebration of you."}, {"end": "00:07:30", "start": "00:07:24", "text": "There's us, man. us join events to earn"}, {"end": "00:07:32", "start": "00:07:27", "text": "community carnival tickets and an ex"}, {"end": "00:07:33", "start": "00:07:30", "text": "exclusive badge. So, we'll go all into"}, {"end": "00:07:35", "start": "00:07:32", "text": "that in a second, too. We got a lot of"}, {"end": "00:07:36", "start": "00:07:33", "text": "things to talk about here. Um, so let's"}, {"end": "00:07:40", "start": "00:07:35", "text": "look at the graphic right here. So,"}, {"end": "00:07:42", "start": "00:07:36", "text": "Monday, July 28th is the kickoff event."}, {"end": "00:07:45", "start": "00:07:40", "text": "Um, and I'm just going to say this is"}, {"end": "00:07:48", "start": "00:07:42", "text": "all going to take place um 2:00 Eastern"}, {"end": "00:07:49", "start": "00:07:45", "text": "time cuz I live on the East Coast of,"}, {"end": "00:07:51", "start": "00:07:48", "text": "you know, United States of America and"}, {"end": "00:07:55", "start": "00:07:49", "text": "so that for me it's 2:00 Eastern time,"}, {"end": "00:07:58", "start": "00:07:51", "text": "but 600 p.m. UTC, 11 a.m. Pacific time."}, {"end": "00:07:59", "start": "00:07:55", "text": "Um, so, um, the first event is the"}, {"end": "00:08:01", "start": "00:07:58", "text": "kickoff event and there I think that"}, {"end": "00:08:03", "start": "00:07:59", "text": "that's really going to be probably a"}, {"end": "00:08:04", "start": "00:08:01", "text": "bunch, you know, a bunch of excitement."}, {"end": "00:08:06", "start": "00:08:03", "text": "We're going to have announcements of"}, {"end": "00:08:07", "start": "00:08:04", "text": "announcements, I'm sure. And, uh, you"}, {"end": "00:08:09", "start": "00:08:06", "text": "know, I'm sure the games will begin and"}, {"end": "00:08:11", "start": "00:08:07", "text": "like a bunch of giveaways and stuff like"}, {"end": "00:08:12", "start": "00:08:09", "text": "that. So, um, that will be fun to start"}, {"end": "00:08:15", "start": "00:08:11", "text": "off there. There's going to be just a"}, {"end": "00:08:18", "start": "00:08:12", "text": "bunch of energy in the air. Um, next is"}, {"end": "00:08:19", "start": "00:08:15", "text": "Tuesday, July 29th, and this is the Copa"}, {"end": "00:08:21", "start": "00:08:18", "text": "event. We'll go all about the different"}, {"end": "00:08:23", "start": "00:08:19", "text": "guilds that are going to be competing to"}, {"end": "00:08:25", "start": "00:08:21", "text": "see who is the absolute best guild in"}, {"end": "00:08:28", "start": "00:08:23", "text": "this community week of like the best"}, {"end": "00:08:30", "start": "00:08:25", "text": "guild since the last um uh uh community"}, {"end": "00:08:32", "start": "00:08:28", "text": "week which was I think it was like"}, {"end": "00:08:33", "start": "00:08:30", "text": "February of 2023 so it's been about"}, {"end": "00:08:36", "start": "00:08:32", "text": "almost getting close to a year and a"}, {"end": "00:08:38", "start": "00:08:33", "text": "half, right? Um then the big town hall."}, {"end": "00:08:40", "start": "00:08:36", "text": "I'm excited about the town hall"}, {"end": "00:08:42", "start": "00:08:38", "text": "because it's going to be the Unreal"}, {"end": "00:08:45", "start": "00:08:40", "text": "Engine 5 release. And then there's going"}, {"end": "00:08:47", "start": "00:08:42", "text": "to be the uh a big surge event and it's"}, {"end": "00:08:49", "start": "00:08:45", "text": "going to be the dev team, all the devs"}, {"end": "00:08:51", "start": "00:08:47", "text": "from Star Atlas busting out a games"}, {"end": "00:08:53", "start": "00:08:49", "text": "against the community. And if the"}, {"end": "00:08:54", "start": "00:08:51", "text": "community if the members of the"}, {"end": "00:08:55", "start": "00:08:53", "text": "community beat the dev team, there's"}, {"end": "00:08:57", "start": "00:08:54", "text": "going to be some prizes given there."}, {"end": "00:08:59", "start": "00:08:55", "text": "We'll talk about that in a minute. The"}, {"end": "00:09:02", "start": "00:08:57", "text": "Joanie Awards, I'm up for two Joonies"}, {"end": "00:09:03", "start": "00:08:59", "text": "this year. What? There's a you Joanie"}, {"end": "00:09:05", "start": "00:09:02", "text": "Awards, there's a whole bunch of amazing"}, {"end": "00:09:07", "start": "00:09:03", "text": "amazing people that um are up for"}, {"end": "00:09:09", "start": "00:09:05", "text": "awards. I don't even care if I win. It's"}, {"end": "00:09:10", "start": "00:09:07", "text": "just an honor that I was, you know, like"}, {"end": "00:09:13", "start": "00:09:09", "text": "nominated for some Joanie Awards. Oh,"}, {"end": "00:09:16", "start": "00:09:10", "text": "that is fantastic. Um, and then"}, {"end": "00:09:18", "start": "00:09:13", "text": "Saturday, August 2nd, community carnival"}, {"end": "00:09:20", "start": "00:09:16", "text": "raffle. So, throughout this whole entire"}, {"end": "00:09:22", "start": "00:09:18", "text": "week, there's going to be these crazy"}, {"end": "00:09:23", "start": "00:09:20", "text": "raffle tickets with um an AI bot that's"}, {"end": "00:09:26", "start": "00:09:22", "text": "going to like help give out the tickets."}, {"end": "00:09:27", "start": "00:09:23", "text": "There's going to be of a a bunch of"}, {"end": "00:09:29", "start": "00:09:26", "text": "strategy you can take to try to like"}, {"end": "00:09:30", "start": "00:09:27", "text": "beef up the amount of tickets that"}, {"end": "00:09:31", "start": "00:09:29", "text": "you're going to get. Uh, we'll talk"}, {"end": "00:09:34", "start": "00:09:30", "text": "about that in a second, too. So, let's"}, {"end": "00:09:37", "start": "00:09:31", "text": "go into the thread. All right, so here"}, {"end": "00:09:39", "start": "00:09:34", "text": "we go. The kickoff event. Join us for"}, {"end": "00:09:40", "start": "00:09:37", "text": "kickoff community week. Again, we don't"}, {"end": "00:09:42", "start": "00:09:39", "text": "have a lot going on there. We don't have"}, {"end": "00:09:43", "start": "00:09:40", "text": "a lot of information what it's going to"}, {"end": "00:09:45", "start": "00:09:42", "text": "be, but I bet it's just going to just be"}, {"end": "00:09:48", "start": "00:09:43", "text": "pure excitement. Um, the Copa event, a"}, {"end": "00:09:49", "start": "00:09:45", "text": "guy, a guild presentation competition."}, {"end": "00:09:51", "start": "00:09:48", "text": "What are Star Atlas guilds building?"}, {"end": "00:09:53", "start": "00:09:49", "text": "What are their plans for the future?"}, {"end": "00:09:55", "start": "00:09:51", "text": "This is not only a competition, but also"}, {"end": "00:09:57", "start": "00:09:53", "text": "a great opportunity for guild list"}, {"end": "00:09:58", "start": "00:09:55", "text": "players to find a guild to join. So, if"}, {"end": "00:10:00", "start": "00:09:57", "text": "you are looking for a guild, man, you"}, {"end": "00:10:02", "start": "00:09:58", "text": "might be able to find one right here."}, {"end": "00:10:04", "start": "00:10:00", "text": "Let's go into the different um guilds"}, {"end": "00:10:07", "start": "00:10:02", "text": "that are competing by going over to"}, {"end": "00:10:09", "start": "00:10:04", "text": "Discord. So, it says, \"We have the 10"}, {"end": "00:10:11", "start": "00:10:07", "text": "most prestigious guilds in the Galia"}, {"end": "00:10:14", "start": "00:10:09", "text": "Expanse. They will be competing for"}, {"end": "00:10:16", "start": "00:10:11", "text": "eternal glory this Tuesday at the"}, {"end": "00:10:18", "start": "00:10:14", "text": "Council of Peace assembly event.\" And we"}, {"end": "00:10:22", "start": "00:10:16", "text": "have Aphia, Agora, Bulk, Coexist,"}, {"end": "00:10:24", "start": "00:10:18", "text": "Hemell, uh, Rome, Chimera, Star Atlas,"}, {"end": "00:10:25", "start": "00:10:22", "text": "Italia, Skull and Bones, and Vanguard."}, {"end": "00:10:27", "start": "00:10:24", "text": "And then we have this awesome graphic"}, {"end": "00:10:28", "start": "00:10:25", "text": "right here where you can see all the"}, {"end": "00:10:30", "start": "00:10:27", "text": "logos of all the guilds. By the way, our"}, {"end": "00:10:32", "start": "00:10:28", "text": "guilds have some pretty nasty looking"}, {"end": "00:10:34", "start": "00:10:30", "text": "logos. I'm loving it. Loving it. Loving"}, {"end": "00:10:36", "start": "00:10:32", "text": "it. Loving it. Um, so this is very"}, {"end": "00:10:38", "start": "00:10:34", "text": "exciting. Um it tends to be a bit of a"}, {"end": "00:10:39", "start": "00:10:36", "text": "long event. Um but it's totally worth it"}, {"end": "00:10:41", "start": "00:10:38", "text": "just to see. I mean because I mean think"}, {"end": "00:10:43", "start": "00:10:39", "text": "of it each one of these guilds has to do"}, {"end": "00:10:46", "start": "00:10:41", "text": "a presentation. This might be the"}, {"end": "00:10:48", "start": "00:10:43", "text": "longest event of the um community week."}, {"end": "00:10:51", "start": "00:10:46", "text": "Um but it's to absolutely totally worth"}, {"end": "00:10:53", "start": "00:10:48", "text": "it. Um by the way, if you don't see me"}, {"end": "00:10:55", "start": "00:10:51", "text": "um doing the community work, uh being at"}, {"end": "00:10:57", "start": "00:10:53", "text": "a lot of the community events, if you"}, {"end": "00:10:58", "start": "00:10:55", "text": "don't see my logo there in Discord, man,"}, {"end": "00:11:00", "start": "00:10:57", "text": "it's right in the middle of my workday."}, {"end": "00:11:01", "start": "00:10:58", "text": "It's so tough for me. 2 o'clock in the"}, {"end": "00:11:04", "start": "00:11:00", "text": "afternoon, I do outdoor construction as"}, {"end": "00:11:06", "start": "00:11:01", "text": "my day job and I'm usually around a lot"}, {"end": "00:11:08", "start": "00:11:04", "text": "of very very loud equipment. I'm running"}, {"end": "00:11:10", "start": "00:11:06", "text": "an excavator half the time. Um or, you"}, {"end": "00:11:12", "start": "00:11:08", "text": "know, running these giant demo saws,"}, {"end": "00:11:15", "start": "00:11:10", "text": "cutting granite and stuff like that. Um"}, {"end": "00:11:17", "start": "00:11:12", "text": "but but I'm excited to catch up to up"}, {"end": "00:11:18", "start": "00:11:15", "text": "with it. Um thanks to Stylist TV that"}, {"end": "00:11:22", "start": "00:11:17", "text": "hopefully is recording the whole entire"}, {"end": "00:11:24", "start": "00:11:18", "text": "thing for us. All right, the town hall,"}, {"end": "00:11:26", "start": "00:11:22", "text": "the one possibly the one I'm so super"}, {"end": "00:11:28", "start": "00:11:24", "text": "most excited about. I just love town"}, {"end": "00:11:30", "start": "00:11:26", "text": "halls in general. I not only do I get to"}, {"end": "00:11:32", "start": "00:11:28", "text": "cover town halls on my channel, but then"}, {"end": "00:11:33", "start": "00:11:30", "text": "I get to the aftermath of town halls and"}, {"end": "00:11:35", "start": "00:11:32", "text": "I get to get to do all sorts of content"}, {"end": "00:11:37", "start": "00:11:33", "text": "on what, you know, what the town hall"}, {"end": "00:11:39", "start": "00:11:35", "text": "releases. And since this one is going to"}, {"end": "00:11:41", "start": "00:11:37", "text": "be Unreal Engine 5 focused, I'm going to"}, {"end": "00:11:44", "start": "00:11:39", "text": "have a lot of stuff to, you know, to"}, {"end": "00:11:45", "start": "00:11:41", "text": "create content with um both on Twitter"}, {"end": "00:11:46", "start": "00:11:44", "text": "and on YouTube. Make sure you follow me"}, {"end": "00:11:48", "start": "00:11:45", "text": "on Twitter if you guys don't follow me"}, {"end": "00:11:51", "start": "00:11:46", "text": "on Twitter. I put out a ton of exclusive"}, {"end": "00:11:54", "start": "00:11:48", "text": "stuff just on Twitter. with Stylus Town"}, {"end": "00:11:56", "start": "00:11:51", "text": "Hall part one July 30th. Gear up for the"}, {"end": "00:11:58", "start": "00:11:54", "text": "first Town Hall for our three-part"}, {"end": "00:12:00", "start": "00:11:56", "text": "series. Jump into the newest major"}, {"end": "00:12:02", "start": "00:11:58", "text": "update featuring polished thirdperson"}, {"end": "00:12:04", "start": "00:12:00", "text": "shooter modes and get a sneak peek of"}, {"end": "00:12:05", "start": "00:12:02", "text": "what's coming in our next major update."}, {"end": "00:12:08", "start": "00:12:04", "text": "Woohoo."}, {"end": "00:12:10", "start": "00:12:05", "text": "And I love this graphic here. These Star"}, {"end": "00:12:13", "start": "00:12:08", "text": "Atlas graphics are just killing it, you"}, {"end": "00:12:16", "start": "00:12:10", "text": "know. Super super cool stuff, man. All"}, {"end": "00:12:19", "start": "00:12:13", "text": "right, so the next the next thing is the"}, {"end": "00:12:21", "start": "00:12:16", "text": "team versus the community July 31st. 10"}, {"end": "00:12:23", "start": "00:12:19", "text": "teams from the community are taking on"}, {"end": "00:12:25", "start": "00:12:21", "text": "the Star Atlas team. Every community win"}, {"end": "00:12:29", "start": "00:12:23", "text": "unlocks prizes for both the players and"}, {"end": "00:12:31", "start": "00:12:25", "text": "the audience to be so be sure um to"}, {"end": "00:12:33", "start": "00:12:29", "text": "cheer on your fellow community members."}, {"end": "00:12:37", "start": "00:12:31", "text": "And another awesome graphic right here."}, {"end": "00:12:39", "start": "00:12:33", "text": "And um our very own Star Atlas. Um"}, {"end": "00:12:42", "start": "00:12:37", "text": "he's I love I love his commentary. We"}, {"end": "00:12:44", "start": "00:12:39", "text": "have um uh Neo Armstrong is actually"}, {"end": "00:12:45", "start": "00:12:42", "text": "going to be hosting this whole team"}, {"end": "00:12:47", "start": "00:12:44", "text": "first community. and uh the way he"}, {"end": "00:12:49", "start": "00:12:45", "text": "commentates uh like all the excitement"}, {"end": "00:12:51", "start": "00:12:47", "text": "that he puts into like commentating like"}, {"end": "00:12:53", "start": "00:12:49", "text": "the actual battles is awesome. So that"}, {"end": "00:12:54", "start": "00:12:51", "text": "would be really fun. And uh I'm not too"}, {"end": "00:12:56", "start": "00:12:53", "text": "sure if it's going to be streaming"}, {"end": "00:12:58", "start": "00:12:54", "text": "through Discord or or through um uh he"}, {"end": "00:13:00", "start": "00:12:56", "text": "has his own Twitch channel. So or maybe"}, {"end": "00:13:01", "start": "00:12:58", "text": "it's going to be both, you know. So it's"}, {"end": "00:13:03", "start": "00:13:00", "text": "fun stuff. Really going to be cool to"}, {"end": "00:13:05", "start": "00:13:01", "text": "watch this. And I bet there's going to"}, {"end": "00:13:07", "start": "00:13:03", "text": "be a lot of laughs uh checking that you"}, {"end": "00:13:08", "start": "00:13:05", "text": "know these battles going on out. So, and"}, {"end": "00:13:09", "start": "00:13:07", "text": "you know, we'll see what the I forget"}, {"end": "00:13:10", "start": "00:13:08", "text": "what the pri they said the prizes are,"}, {"end": "00:13:13", "start": "00:13:09", "text": "but I think there's some really good"}, {"end": "00:13:15", "start": "00:13:10", "text": "prizes for the um community teams that"}, {"end": "00:13:16", "start": "00:13:13", "text": "actually beat the devs. So, I wonder who"}, {"end": "00:13:18", "start": "00:13:15", "text": "the dev team is going to be, too. Um"}, {"end": "00:13:21", "start": "00:13:16", "text": "who's going to be playing for the devs."}, {"end": "00:13:23", "start": "00:13:18", "text": "Fun stuff, man. So, then the Joanie"}, {"end": "00:13:26", "start": "00:13:21", "text": "Awards August 1st. Um the Joanie Awards"}, {"end": "00:13:27", "start": "00:13:23", "text": "is an awards ceremony celebrating the"}, {"end": "00:13:29", "start": "00:13:26", "text": "heart of the Starless community, the"}, {"end": "00:13:31", "start": "00:13:27", "text": "leaders, creators, and builders who go"}, {"end": "00:13:34", "start": "00:13:29", "text": "above and beyond to push the ecosystem"}, {"end": "00:13:37", "start": "00:13:31", "text": "forward. Um, last year I did a really"}, {"end": "00:13:39", "start": "00:13:34", "text": "fun um, uh, uh, Joanie Awards"}, {"end": "00:13:41", "start": "00:13:37", "text": "pre-presentation"}, {"end": "00:13:43", "start": "00:13:39", "text": "um, with Hologram News Network's own"}, {"end": "00:13:44", "start": "00:13:41", "text": "Criggs. That was a lot of fun to make"}, {"end": "00:13:46", "start": "00:13:43", "text": "that video, but um, I'm going to do it"}, {"end": "00:13:49", "start": "00:13:44", "text": "on my lonesome today. Let's jump in and"}, {"end": "00:13:51", "start": "00:13:46", "text": "see who is up for some Joanie Awards."}, {"end": "00:13:53", "start": "00:13:49", "text": "All right, so Joanie Awards final"}, {"end": "00:13:54", "start": "00:13:51", "text": "voting. The time has come to cast your"}, {"end": "00:13:56", "start": "00:13:53", "text": "vote, show your support for your"}, {"end": "00:13:58", "start": "00:13:54", "text": "favorite stylist community member, and"}, {"end": "00:14:01", "start": "00:13:56", "text": "help them win the Golden Joanie Trophy."}, {"end": "00:14:03", "start": "00:13:58", "text": "Voting closes Thursday, July 31st, 2025"}, {"end": "00:14:06", "start": "00:14:01", "text": "at 3:00 p.m. Um, I'm guessing that's"}, {"end": "00:14:10", "start": "00:14:03", "text": "UTC. Um, find out who wins Friday,"}, {"end": "00:14:11", "start": "00:14:06", "text": "August 1st. Oh, no, wait, 2 p.m. So,"}, {"end": "00:14:14", "start": "00:14:10", "text": "that must be Eastern time. So, it must"}, {"end": "00:14:16", "start": "00:14:11", "text": "end uh 3 p.m. Eastern time. Um, so here"}, {"end": "00:14:18", "start": "00:14:14", "text": "we go. Let's jump into see who we can"}, {"end": "00:14:19", "start": "00:14:16", "text": "vote for. The Jonie Awards final voting."}, {"end": "00:14:21", "start": "00:14:18", "text": "So, if you want to vote, you can go"}, {"end": "00:14:24", "start": "00:14:19", "text": "there also a link on their um on the X"}, {"end": "00:14:25", "start": "00:14:21", "text": "page for Star Atlas. Um, but um this is"}, {"end": "00:14:27", "start": "00:14:24", "text": "through the Discord. You just saw where"}, {"end": "00:14:28", "start": "00:14:25", "text": "I was and that was actually Let's go"}, {"end": "00:14:30", "start": "00:14:27", "text": "look at it again. This is over in"}, {"end": "00:14:31", "start": "00:14:28", "text": "announcements. You go over to the"}, {"end": "00:14:35", "start": "00:14:30", "text": "announcements and then you can um cast"}, {"end": "00:14:38", "start": "00:14:31", "text": "your vote. Uh let's go back here."}, {"end": "00:14:42", "start": "00:14:35", "text": "So, community member of the year, um Neo"}, {"end": "00:14:46", "start": "00:14:38", "text": "Armstrong, Jindo, Bruhoo, or NDR, man."}, {"end": "00:14:47", "start": "00:14:42", "text": "Massive, massive huge names in uh the"}, {"end": "00:14:50", "start": "00:14:46", "text": "Star Atlas community. I wanted to show"}, {"end": "00:14:52", "start": "00:14:47", "text": "this real fast. Let me go over to um"}, {"end": "00:14:55", "start": "00:14:50", "text": "Santi's page here."}, {"end": "00:14:58", "start": "00:14:52", "text": "And he posted this right here. Where is"}, {"end": "00:15:00", "start": "00:14:55", "text": "it, Santi? Yeah, check this out. Wow,"}, {"end": "00:15:01", "start": "00:14:58", "text": "I've never seen results this close for a"}, {"end": "00:15:03", "start": "00:15:00", "text": "community member of the year, Joanie"}, {"end": "00:15:04", "start": "00:15:01", "text": "Award, and voting has only started one"}, {"end": "00:15:06", "start": "00:15:03", "text": "day ago. Look at this, man. The pie"}, {"end": "00:15:08", "start": "00:15:04", "text": "chart is cut into four different pieces."}, {"end": "00:15:11", "start": "00:15:06", "text": "It's pretty darn close. You know, one"}, {"end": "00:15:13", "start": "00:15:08", "text": "guy's at 20%, but um yeah, and he can"}, {"end": "00:15:14", "start": "00:15:11", "text": "catch up, too. He can catch up cuz I bet"}, {"end": "00:15:15", "start": "00:15:13", "text": "a lot of you guys have not cast your"}, {"end": "00:15:17", "start": "00:15:14", "text": "votes. You got to cast your votes."}, {"end": "00:15:18", "start": "00:15:15", "text": "Obviously, I haven't cast my votes yet,"}, {"end": "00:15:19", "start": "00:15:17", "text": "too. I've been kind of wait I didn't"}, {"end": "00:15:21", "start": "00:15:18", "text": "want to cast them until I I made this"}, {"end": "00:15:22", "start": "00:15:19", "text": "video cuz uh I want to keep my my own"}, {"end": "00:15:24", "start": "00:15:21", "text": "voting private. I don't want to hurt"}, {"end": "00:15:26", "start": "00:15:22", "text": "anyone's feelings, you know. content"}, {"end": "00:15:28", "start": "00:15:24", "text": "creator of the year is yours truly. We"}, {"end": "00:15:31", "start": "00:15:26", "text": "have Neo Armstrong, we have Siggy, and"}, {"end": "00:15:33", "start": "00:15:28", "text": "we have Raspby, man. Um, all you know,"}, {"end": "00:15:34", "start": "00:15:31", "text": "Neil Armstrong putting out those crazy"}, {"end": "00:15:36", "start": "00:15:33", "text": "videos on Twitch that have been getting"}, {"end": "00:15:38", "start": "00:15:34", "text": "everyone excited, making everyone laugh."}, {"end": "00:15:39", "start": "00:15:36", "text": "You know, Siggy, so many people don't"}, {"end": "00:15:41", "start": "00:15:38", "text": "even realize that Sigy's not one of the"}, {"end": "00:15:42", "start": "00:15:39", "text": "dev members. He puts out such strong"}, {"end": "00:15:44", "start": "00:15:41", "text": "content that he, you know, most people"}, {"end": "00:15:48", "start": "00:15:42", "text": "get confused that he's not an actual dev"}, {"end": "00:15:49", "start": "00:15:44", "text": "team member. Um, but, you know, like I"}, {"end": "00:15:51", "start": "00:15:48", "text": "don't even know how anyone could beat"}, {"end": "00:15:52", "start": "00:15:49", "text": "Siggy. He's, you know, puts out awesome"}, {"end": "00:15:54", "start": "00:15:51", "text": "stuff. And then Raspby came out of"}, {"end": "00:15:56", "start": "00:15:52", "text": "nowhere with his content creation this"}, {"end": "00:15:58", "start": "00:15:54", "text": "year. Um you know to you know big rookie"}, {"end": "00:16:01", "start": "00:15:56", "text": "in the whole entire you know Star Atlas"}, {"end": "00:16:02", "start": "00:15:58", "text": "uh you know content creation um you know"}, {"end": "00:16:04", "start": "00:16:01", "text": "scheme and he's just coming out super"}, {"end": "00:16:06", "start": "00:16:02", "text": "super strong. I I've reposted tons of"}, {"end": "00:16:08", "start": "00:16:04", "text": "the stuff that he was doing the Raspdown"}, {"end": "00:16:09", "start": "00:16:06", "text": "all the graphics that he was um putting"}, {"end": "00:16:12", "start": "00:16:08", "text": "out when he was um I forget what it was"}, {"end": "00:16:14", "start": "00:16:09", "text": "called but he had the um he had the um"}, {"end": "00:16:15", "start": "00:16:12", "text": "graphics of all the different ships and"}, {"end": "00:16:17", "start": "00:16:14", "text": "stuff like that and it was to go along"}, {"end": "00:16:19", "start": "00:16:15", "text": "with some of his gameplay style that he"}, {"end": "00:16:21", "start": "00:16:17", "text": "was doing in um Starbased. Um, great"}, {"end": "00:16:23", "start": "00:16:19", "text": "stuff. And he's also trying to put out a"}, {"end": "00:16:24", "start": "00:16:21", "text": "um or I believe I I know there's a vote"}, {"end": "00:16:26", "start": "00:16:23", "text": "in the DO. I don't even know if it"}, {"end": "00:16:28", "start": "00:16:24", "text": "passed or not. I don't know why I don't"}, {"end": "00:16:30", "start": "00:16:26", "text": "know this. Um, but to put out a Star"}, {"end": "00:16:33", "start": "00:16:28", "text": "Atlas documentary. So, cool stuff by"}, {"end": "00:16:35", "start": "00:16:30", "text": "Raspby. Um, boy oh boy, man. It's I"}, {"end": "00:16:37", "start": "00:16:33", "text": "don't even like again, I don't even mind"}, {"end": "00:16:39", "start": "00:16:35", "text": "if I don't lose cuz I'm up against such"}, {"end": "00:16:42", "start": "00:16:37", "text": "strong contenders. Um, most popular"}, {"end": "00:16:45", "start": "00:16:39", "text": "guild of the year. We have Aphia verse"}, {"end": "00:16:49", "start": "00:16:42", "text": "Rome vers Coexist verse Vanguard versime"}, {"end": "00:16:51", "start": "00:16:45", "text": "Agora. Um, boy, man, this is uh this"}, {"end": "00:16:53", "start": "00:16:49", "text": "this is going to be pretty uh you know,"}, {"end": "00:16:55", "start": "00:16:51", "text": "pretty tough. And this is 100% community"}, {"end": "00:16:57", "start": "00:16:53", "text": "voted. So, the dev team of Star Atlas,"}, {"end": "00:16:59", "start": "00:16:55", "text": "you know, Automata, they can't put any"}, {"end": "00:17:00", "start": "00:16:57", "text": "votes in. This is all, you know, on us"}, {"end": "00:17:02", "start": "00:16:59", "text": "in the community to decide who is"}, {"end": "00:17:04", "start": "00:17:00", "text": "supposed to be the strongest guild. Um,"}, {"end": "00:17:06", "start": "00:17:02", "text": "and each guild only has so many members"}, {"end": "00:17:06", "start": "00:17:04", "text": "to vote um for themselves. So, you know,"}, {"end": "00:17:08", "start": "00:17:06", "text": "they're going to have to rally the"}, {"end": "00:17:09", "start": "00:17:06", "text": "troops. Be like, make sure you guys all"}, {"end": "00:17:11", "start": "00:17:08", "text": "go and vote for, you know, vote for us,"}, {"end": "00:17:13", "start": "00:17:09", "text": "vote for us. But, uh, you know, they"}, {"end": "00:17:14", "start": "00:17:11", "text": "only have so many. So, you know, a lot"}, {"end": "00:17:16", "start": "00:17:13", "text": "of people like me who don't belong to a"}, {"end": "00:17:17", "start": "00:17:14", "text": "killed, we get to cast our votes, and"}, {"end": "00:17:20", "start": "00:17:16", "text": "those are probably going to be more the"}, {"end": "00:17:22", "start": "00:17:17", "text": "deciding votes for sure. Um, best"}, {"end": "00:17:24", "start": "00:17:20", "text": "community tool of the world. I don't I"}, {"end": "00:17:25", "start": "00:17:22", "text": "seriously have to close my eyes when I"}, {"end": "00:17:26", "start": "00:17:24", "text": "vote on this one. I'm just going to have"}, {"end": "00:17:28", "start": "00:17:25", "text": "to swirl a mouse cuz I love all of"}, {"end": "00:17:31", "start": "00:17:26", "text": "these. Um, the slide tool. I use this"}, {"end": "00:17:33", "start": "00:17:28", "text": "every single day. Like, I mean, I would"}, {"end": "00:17:36", "start": "00:17:31", "text": "be nothing in Starbase without the slide"}, {"end": "00:17:37", "start": "00:17:33", "text": "tool. It is so hard to go forth and uh"}, {"end": "00:17:38", "start": "00:17:36", "text": "and play Starbase without some type of"}, {"end": "00:17:40", "start": "00:17:37", "text": "automation tool. And that's why I'm"}, {"end": "00:17:42", "start": "00:17:38", "text": "really excited that Hollow Sim actually"}, {"end": "00:17:43", "start": "00:17:40", "text": "has it built in. And I'm hoping one day"}, {"end": "00:17:45", "start": "00:17:42", "text": "with the future versions of um any of"}, {"end": "00:17:47", "start": "00:17:43", "text": "Starbased will also have that built in."}, {"end": "00:17:49", "start": "00:17:45", "text": "Um but Adam does the exact same thing. I"}, {"end": "00:17:50", "start": "00:17:47", "text": "just happen to use Sila over Adam, but"}, {"end": "00:17:53", "start": "00:17:49", "text": "Adam actually has their own version of"}, {"end": "00:17:55", "start": "00:17:50", "text": "that and I've featured them on um some"}, {"end": "00:17:58", "start": "00:17:53", "text": "of my Star Atlas um videos in the past."}, {"end": "00:18:00", "start": "00:17:55", "text": "Um um the most recent zero to her. I was"}, {"end": "00:18:02", "start": "00:17:58", "text": "uh you know featuring Adam right there."}, {"end": "00:18:06", "start": "00:18:00", "text": "And EVI. I'm nothing without EVI, too,"}, {"end": "00:18:06", "start": "00:18:02", "text": "man. Ei."}, {"end": "00:18:12", "start": "00:18:08", "text": "All you have to do is type in Beyond the"}, {"end": "00:18:14", "start": "00:18:10", "text": "Horizon EVI. But, um, you, you know, if"}, {"end": "00:18:16", "start": "00:18:12", "text": "you're scanning for SDUs, if you, um,"}, {"end": "00:18:18", "start": "00:18:14", "text": "are trying to, you know, see if you're"}, {"end": "00:18:19", "start": "00:18:16", "text": "profitable in, you know, Starbased, if"}, {"end": "00:18:21", "start": "00:18:18", "text": "you, you know, want to put fleets"}, {"end": "00:18:23", "start": "00:18:19", "text": "together, um, if you want just a more"}, {"end": "00:18:25", "start": "00:18:21", "text": "comprehensive version of the map, yada"}, {"end": "00:18:28", "start": "00:18:23", "text": "yada yada, you know, for crafting, EVI"}, {"end": "00:18:30", "start": "00:18:25", "text": "is essential to play, um, Starbase for"}, {"end": "00:18:31", "start": "00:18:28", "text": "sure. And they even have another version"}, {"end": "00:18:33", "start": "00:18:30", "text": "um, that I'm using for hollowosim for"}, {"end": "00:18:35", "start": "00:18:31", "text": "scanning for holosim. So, I love EVI."}, {"end": "00:18:37", "start": "00:18:33", "text": "And then the API data dashboards. Um if"}, {"end": "00:18:39", "start": "00:18:35", "text": "you you know if you have no clue what"}, {"end": "00:18:42", "start": "00:18:37", "text": "you're doing um if you're doing it you"}, {"end": "00:18:45", "start": "00:18:39", "text": "know everything wrong in um in in"}, {"end": "00:18:47", "start": "00:18:42", "text": "Starbased um the API data dashboards are"}, {"end": "00:18:49", "start": "00:18:45", "text": "for you. They will give you know give"}, {"end": "00:18:50", "start": "00:18:47", "text": "you so many insights to what is going on"}, {"end": "00:18:53", "start": "00:18:49", "text": "in Starbase. On top of that it just"}, {"end": "00:18:55", "start": "00:18:50", "text": "tells us what's going on in general in"}, {"end": "00:18:58", "start": "00:18:53", "text": "um the world of Star Atlas you know um"}, {"end": "00:18:59", "start": "00:18:55", "text": "just anything to do with the Dow Polus"}, {"end": "00:19:01", "start": "00:18:58", "text": "you know people how many players there"}, {"end": "00:19:03", "start": "00:18:59", "text": "are in Star Atlas. like it's just a"}, {"end": "00:19:05", "start": "00:19:01", "text": "phenomenal amount of um information"}, {"end": "00:19:07", "start": "00:19:03", "text": "that's all sucked out of the blockchain"}, {"end": "00:19:09", "start": "00:19:05", "text": "and then put into nice graphics and"}, {"end": "00:19:11", "start": "00:19:07", "text": "charts for our eyes. Um Star Atlas IP"}, {"end": "00:19:13", "start": "00:19:09", "text": "project again, how do I do that? This is"}, {"end": "00:19:15", "start": "00:19:11", "text": "like a dart, you know, like I mean I"}, {"end": "00:19:17", "start": "00:19:13", "text": "love the Super Phoenix now. I owe them"}, {"end": "00:19:19", "start": "00:19:15", "text": "some videos for sure. I uh Super Phoenix"}, {"end": "00:19:21", "start": "00:19:17", "text": "I haven't done like it's like I have a a"}, {"end": "00:19:22", "start": "00:19:19", "text": "pile of notes on Super Phoenix that I"}, {"end": "00:19:23", "start": "00:19:21", "text": "want to actually make videos on, but"}, {"end": "00:19:25", "start": "00:19:22", "text": "I've only had so much time this summer"}, {"end": "00:19:27", "start": "00:19:23", "text": "and a lot of stuff has been happening."}, {"end": "00:19:29", "start": "00:19:25", "text": "But Super Phoenix Dar to my heart. I"}, {"end": "00:19:30", "start": "00:19:27", "text": "love the Super Phoenix D. Hopefully um"}, {"end": "00:19:32", "start": "00:19:29", "text": "they'll be able to go a little bit more"}, {"end": "00:19:34", "start": "00:19:30", "text": "forward if Star Atlas starts getting"}, {"end": "00:19:36", "start": "00:19:32", "text": "more and more uh popular with these new"}, {"end": "00:19:38", "start": "00:19:34", "text": "releases with the town halls coming out."}, {"end": "00:19:39", "start": "00:19:36", "text": "Um Gallia Merchants, man, putting out I"}, {"end": "00:19:41", "start": "00:19:38", "text": "wear a hat every single video that you"}, {"end": "00:19:43", "start": "00:19:39", "text": "ever see. This is thanks to Galia"}, {"end": "00:19:44", "start": "00:19:41", "text": "Merchants and I have a bunch of t-shirts"}, {"end": "00:19:47", "start": "00:19:43", "text": "or at least a couple t-shirts from them."}, {"end": "00:19:49", "start": "00:19:44", "text": "Um GI Merchants, phenomenal. It is the"}, {"end": "00:19:52", "start": "00:19:47", "text": "like the place to go for any type of"}, {"end": "00:19:54", "start": "00:19:49", "text": "gear that you need for um for Star Atlas"}, {"end": "00:19:56", "start": "00:19:52", "text": "and Star Atlas TV. Now, this my my"}, {"end": "00:19:57", "start": "00:19:54", "text": "honest honest to god, my channel would"}, {"end": "00:19:59", "start": "00:19:56", "text": "be like just a shell of itself if it"}, {"end": "00:20:00", "start": "00:19:57", "text": "wasn't for Star Atlas TV. I owe them so"}, {"end": "00:20:03", "start": "00:19:59", "text": "much because I would miss everything"}, {"end": "00:20:04", "start": "00:20:00", "text": "that goes on in all the Discord um uh"}, {"end": "00:20:07", "start": "00:20:03", "text": "calls that they have like the Atlas"}, {"end": "00:20:09", "start": "00:20:04", "text": "Brews, the um the lore creators, the uh"}, {"end": "00:20:10", "start": "00:20:07", "text": "the town halls, everything I owe to Star"}, {"end": "00:20:12", "start": "00:20:09", "text": "Atlas TV cuz again, everything happens"}, {"end": "00:20:13", "start": "00:20:10", "text": "at 2:00 Eastern time in the middle of my"}, {"end": "00:20:15", "start": "00:20:12", "text": "workday. And so, I have to catch up to"}, {"end": "00:20:17", "start": "00:20:13", "text": "Star Atlas TV. Um but they also have"}, {"end": "00:20:18", "start": "00:20:15", "text": "their own merch line which is just, you"}, {"end": "00:20:20", "start": "00:20:17", "text": "know, like, you know, a couple really"}, {"end": "00:20:22", "start": "00:20:18", "text": "fun stuff that they have on there. Um"}, {"end": "00:20:25", "start": "00:20:20", "text": "Enigma 42. Now, this is these awesome 3D"}, {"end": "00:20:28", "start": "00:20:22", "text": "models um that are printed um that you"}, {"end": "00:20:30", "start": "00:20:25", "text": "can purchase um at staralassian.com."}, {"end": "00:20:32", "start": "00:20:28", "text": "So, if you're like really into any types"}, {"end": "00:20:34", "start": "00:20:30", "text": "of um you know, like modeling ships to"}, {"end": "00:20:36", "start": "00:20:32", "text": "like put on your desk or put on the"}, {"end": "00:20:38", "start": "00:20:34", "text": "shelves or whatever, I have a cury right"}, {"end": "00:20:40", "start": "00:20:36", "text": "behind me that is in in every single one"}, {"end": "00:20:44", "start": "00:20:38", "text": "of my videos. Um that is from Enigma42"}, {"end": "00:20:47", "start": "00:20:40", "text": "um through his um staratlas.com site."}, {"end": "00:20:50", "start": "00:20:44", "text": "All right, community helper of the year."}, {"end": "00:20:52", "start": "00:20:47", "text": "Now, this I this I unfortunately I don't"}, {"end": "00:20:55", "start": "00:20:50", "text": "have a lot of insight because I am not"}, {"end": "00:20:57", "start": "00:20:52", "text": "um on Discord as much as other people."}, {"end": "00:20:59", "start": "00:20:55", "text": "So, we have Neo Armstrong, we have"}, {"end": "00:21:01", "start": "00:20:57", "text": "Jindo, we have Laranor, and we have"}, {"end": "00:21:02", "start": "00:20:59", "text": "Randuy. And uh just for me personally,"}, {"end": "00:21:04", "start": "00:21:01", "text": "because I've been playing a lot of"}, {"end": "00:21:07", "start": "00:21:02", "text": "Hollow Sim, um Jindo and Larenor have"}, {"end": "00:21:09", "start": "00:21:04", "text": "been helping me out absolutely a ton."}, {"end": "00:21:11", "start": "00:21:07", "text": "Um, but yeah, you guys, multiple"}, {"end": "00:21:12", "start": "00:21:09", "text": "members, you guys, you know, if you go"}, {"end": "00:21:14", "start": "00:21:11", "text": "into Discord, if one of these guys have"}, {"end": "00:21:16", "start": "00:21:12", "text": "been helping you out a whole bunch, um,"}, {"end": "00:21:19", "start": "00:21:14", "text": "give them your allegiance and, uh, yeah,"}, {"end": "00:21:21", "start": "00:21:16", "text": "vote for them. Um, best gunplayer"}, {"end": "00:21:23", "start": "00:21:19", "text": "of the year. Another one that is really"}, {"end": "00:21:26", "start": "00:21:21", "text": "going to be difficult, um, to actually"}, {"end": "00:21:29", "start": "00:21:23", "text": "vote for. Um, so James, man, cracks me"}, {"end": "00:21:31", "start": "00:21:26", "text": "up with all his X videos that he puts"}, {"end": "00:21:34", "start": "00:21:29", "text": "out. they like he just like he's so"}, {"end": "00:21:36", "start": "00:21:31", "text": "comical and so funny and um he won the"}, {"end": "00:21:38", "start": "00:21:34", "text": "um at the um Salana Breakpoint he was"}, {"end": "00:21:39", "start": "00:21:36", "text": "the winner of the Salana Breakpoint"}, {"end": "00:21:41", "start": "00:21:38", "text": "event there where they had the contest"}, {"end": "00:21:43", "start": "00:21:39", "text": "to see who was the best gunplay player"}, {"end": "00:21:45", "start": "00:21:41", "text": "Hackmare he just destroys me every"}, {"end": "00:21:46", "start": "00:21:43", "text": "single time I try to get on to play I"}, {"end": "00:21:48", "start": "00:21:45", "text": "haven't actually played since May and"}, {"end": "00:21:50", "start": "00:21:46", "text": "it's almost cuz every single time I get"}, {"end": "00:21:53", "start": "00:21:48", "text": "on there he just annihilates me uh when"}, {"end": "00:21:56", "start": "00:21:50", "text": "I try to play gunplay he is so stanking"}, {"end": "00:21:58", "start": "00:21:53", "text": "good um we have Sacklin and um he has"}, {"end": "00:22:01", "start": "00:21:56", "text": "been putting out his own content I just"}, {"end": "00:22:04", "start": "00:21:58", "text": "saw I think he put about his 17th video."}, {"end": "00:22:06", "start": "00:22:01", "text": "Um, and I believe is he he speaks in"}, {"end": "00:22:08", "start": "00:22:04", "text": "German and he puts intense music on it"}, {"end": "00:22:10", "start": "00:22:06", "text": "and it gets me like all like, \"Oh my"}, {"end": "00:22:13", "start": "00:22:08", "text": "god.\" Like when I watch his videos, it's"}, {"end": "00:22:15", "start": "00:22:10", "text": "intense, man. And then we have Stick,"}, {"end": "00:22:16", "start": "00:22:13", "text": "man. Stick like just destroying. I"}, {"end": "00:22:18", "start": "00:22:15", "text": "thought Stick was actually playing for"}, {"end": "00:22:20", "start": "00:22:16", "text": "the dev team at one point, but um um"}, {"end": "00:22:23", "start": "00:22:18", "text": "just destroying stuff in and also in the"}, {"end": "00:22:25", "start": "00:22:20", "text": "gunplay mode. So, man, another tough"}, {"end": "00:22:27", "start": "00:22:23", "text": "vote right there. Most knowledgeable"}, {"end": "00:22:30", "start": "00:22:25", "text": "member of the year. We have again Jindo."}, {"end": "00:22:33", "start": "00:22:27", "text": "We have again Lanor and we have Egonaut"}, {"end": "00:22:36", "start": "00:22:30", "text": "and we have virtual. This is this is"}, {"end": "00:22:38", "start": "00:22:33", "text": "really tough. Um all of them I like see"}, {"end": "00:22:41", "start": "00:22:36", "text": "all over Discord. Always answering"}, {"end": "00:22:43", "start": "00:22:38", "text": "stuff, always on top of everything. Um I"}, {"end": "00:22:46", "start": "00:22:41", "text": "have no clue who to vote for on this"}, {"end": "00:22:48", "start": "00:22:43", "text": "one. I'm just like this is a extremely"}, {"end": "00:22:49", "start": "00:22:46", "text": "extremely tough one. Do you see a"}, {"end": "00:22:51", "start": "00:22:48", "text": "pattern here that I'm going to have a"}, {"end": "00:22:54", "start": "00:22:49", "text": "really hard time voting?"}, {"end": "00:22:57", "start": "00:22:51", "text": "Most entertaining video of the year. Um"}, {"end": "00:22:59", "start": "00:22:54", "text": "so gun game win by James. Um, let's"}, {"end": "00:23:00", "start": "00:22:57", "text": "actually let's click on these. And you"}, {"end": "00:23:02", "start": "00:22:59", "text": "know what? I'm sure I already did it,"}, {"end": "00:23:04", "start": "00:23:00", "text": "but I'm going to splice in um the uh the"}, {"end": "00:23:07", "start": "00:23:02", "text": "IP projects, too, as I talk about those"}, {"end": "00:23:08", "start": "00:23:04", "text": "in my video. But Gun Game: Win by James."}, {"end": "00:23:10", "start": "00:23:07", "text": "So, let's go check these out. And I'm"}, {"end": "00:23:13", "start": "00:23:08", "text": "going to probably have to silence the"}, {"end": "00:23:14", "start": "00:23:10", "text": "sound on these because um unfortunately"}, {"end": "00:23:16", "start": "00:23:13", "text": "um YouTube has been nailing me on"}, {"end": "00:23:19", "start": "00:23:14", "text": "copyright with um different types of"}, {"end": "00:23:20", "start": "00:23:16", "text": "music. Um but these things again are"}, {"end": "00:23:23", "start": "00:23:19", "text": "twice as good if you hear them with"}, {"end": "00:23:25", "start": "00:23:20", "text": "their music. But okay, first off, James."}, {"end": "00:23:26", "start": "00:23:23", "text": "All right, so what's cool about this one"}, {"end": "00:23:27", "start": "00:23:25", "text": "is I can download it. So, I can just"}, {"end": "00:23:28", "start": "00:23:26", "text": "splice it right in my video. I'm going"}, {"end": "00:23:30", "start": "00:23:27", "text": "to play the whole entire thing. It's"}, {"end": "00:23:32", "start": "00:23:28", "text": "only 1 minute and 11 seconds long. You"}, {"end": "00:23:34", "start": "00:23:30", "text": "can hear uh some of the dev team like"}, {"end": "00:23:36", "start": "00:23:32", "text": "Santi talking in the background. And uh"}, {"end": "00:23:39", "start": "00:23:34", "text": "yeah, dude, James is nasty. Check this"}, {"end": "00:23:39", "start": "00:23:36", "text": "out, dude."}, {"end": "00:24:11", "start": "00:24:08", "text": "That was close."}, {"end": "00:24:26", "start": "00:24:20", "text": "Bro, who was that? So sneaky with the"}, {"end": "00:24:26", "start": "00:24:23", "text": "movements,"}, {"end": "00:24:30", "start": "00:24:27", "text": "bro. J is already on the topic"}, {"end": "00:24:31", "start": "00:24:29", "text": "underneath."}, {"end": "00:24:34", "start": "00:24:30", "text": "What? What?"}, {"end": "00:24:35", "start": "00:24:31", "text": "Omg"}, {"end": "00:24:38", "start": "00:24:34", "text": "again, bro."}, {"end": "00:24:39", "start": "00:24:35", "text": "All right. Next, we have Oni Zuka's."}, {"end": "00:24:42", "start": "00:24:38", "text": "What do they they title this the song"}, {"end": "00:24:44", "start": "00:24:39", "text": "edit, right? On Zuka's song edit. And uh"}, {"end": "00:24:45", "start": "00:24:42", "text": "this is this is going to be Oops. Sorry,"}, {"end": "00:24:46", "start": "00:24:44", "text": "guys. This is going to be absolutely"}, {"end": "00:24:48", "start": "00:24:45", "text": "nothing without hearing the music. I'll"}, {"end": "00:24:49", "start": "00:24:46", "text": "just play just a second of the music. I"}, {"end": "00:24:52", "start": "00:24:48", "text": "think I'm allowed to play like two or"}, {"end": "00:24:52", "start": "00:24:49", "text": "three seconds of it, but"}, {"end": "00:24:55", "start": "00:24:52", "text": "So, man, I wish I could play the whole"}, {"end": "00:24:56", "start": "00:24:54", "text": "thing. You guys are going to have to go"}, {"end": "00:24:58", "start": "00:24:55", "text": "check this out on your own, but when you"}, {"end": "00:24:59", "start": "00:24:56", "text": "guys go vote, you guys can watch this."}, {"end": "00:25:01", "start": "00:24:58", "text": "But on Zuka, man, one of the best"}, {"end": "00:25:03", "start": "00:24:59", "text": "photographers for Star Atlas, and he"}, {"end": "00:25:05", "start": "00:25:01", "text": "does this like really cool um AI stuff"}, {"end": "00:25:06", "start": "00:25:03", "text": "that a lot of times he'll splice in. All"}, {"end": "00:25:08", "start": "00:25:05", "text": "this is actually in-game footage right"}, {"end": "00:25:09", "start": "00:25:06", "text": "here. Like this right here. This is some"}, {"end": "00:25:10", "start": "00:25:08", "text": "really cool engage and it goes with"}, {"end": "00:25:12", "start": "00:25:09", "text": "actually the like the the music"}, {"end": "00:25:14", "start": "00:25:10", "text": "unfortunately. Um it doesn't do it"}, {"end": "00:25:16", "start": "00:25:12", "text": "justice. This look at this awesome AI"}, {"end": "00:25:17", "start": "00:25:14", "text": "right here, man. Does not do it justice"}, {"end": "00:25:19", "start": "00:25:16", "text": "without uh without hearing the music."}, {"end": "00:25:22", "start": "00:25:17", "text": "So, I'm sorry um Onisuka that I can't"}, {"end": "00:25:24", "start": "00:25:19", "text": "play your video. All right, next. Um"}, {"end": "00:25:25", "start": "00:25:22", "text": "boy, this is so cool. This was cool that"}, {"end": "00:25:27", "start": "00:25:24", "text": "this happened. This was um"}, {"end": "00:25:29", "start": "00:25:25", "text": "What's up, guys? Atlas Theory here. I"}, {"end": "00:25:31", "start": "00:25:27", "text": "just wanted to welcome you in to the"}, {"end": "00:25:34", "start": "00:25:29", "text": "star vlog. Now, this is going to be a"}, {"end": "00:25:35", "start": "00:25:31", "text": "video in three parts. My co-host Shadex"}, {"end": "00:25:37", "start": "00:25:34", "text": "One and I are going to sit down and take"}, {"end": "00:25:40", "start": "00:25:35", "text": "you guys through really the history of"}, {"end": "00:25:42", "start": "00:25:37", "text": "the Star Vlog, what this project is."}, {"end": "00:25:45", "start": "00:25:40", "text": "Also, our Star Atlas impact experience."}, {"end": "00:25:47", "start": "00:25:42", "text": "And then lastly, we will go through what"}, {"end": "00:25:50", "start": "00:25:45", "text": "we think the future will be like for"}, {"end": "00:25:52", "start": "00:25:47", "text": "both Impact as well as this Star Vlog"}, {"end": "00:25:53", "start": "00:25:50", "text": "project. So, I hope you guys enjoy. As"}, {"end": "00:25:55", "start": "00:25:52", "text": "always, we want this to be community."}, {"end": "00:25:57", "start": "00:25:53", "text": "So, so this this was so cool because"}, {"end": "00:25:59", "start": "00:25:55", "text": "they end up going um Shadex uh you can"}, {"end": "00:26:02", "start": "00:25:57", "text": "see right here. Um this is them talking"}, {"end": "00:26:05", "start": "00:25:59", "text": "about it. Um but the they actually uh go"}, {"end": "00:26:07", "start": "00:26:02", "text": "into the um Salana Breakpoint and Star"}, {"end": "00:26:08", "start": "00:26:05", "text": "Atlas had their own impact summit in the"}, {"end": "00:26:10", "start": "00:26:07", "text": "middle of it and they had all these"}, {"end": "00:26:13", "start": "00:26:08", "text": "amazing interviews um with all the just"}, {"end": "00:26:15", "start": "00:26:10", "text": "different members of Star Atlas here. Um"}, {"end": "00:26:16", "start": "00:26:13", "text": "you get to like really like almost feel"}, {"end": "00:26:20", "start": "00:26:15", "text": "like that you were there if you didn't"}, {"end": "00:26:22", "start": "00:26:16", "text": "get to go. Um look at Lordo man. Um I"}, {"end": "00:26:25", "start": "00:26:20", "text": "enjoyed this so much man. Craig from the"}, {"end": "00:26:27", "start": "00:26:22", "text": "Super Phoenix. Oh I missed him. Um yeah"}, {"end": "00:26:29", "start": "00:26:25", "text": "so many people including some of the dev"}, {"end": "00:26:31", "start": "00:26:27", "text": "members. Um, oh, here's CEO of Star"}, {"end": "00:26:33", "start": "00:26:29", "text": "Atlas, Michael Wagner, you know. Yeah,"}, {"end": "00:26:35", "start": "00:26:31", "text": "tons of people. This was a fantastic"}, {"end": "00:26:37", "start": "00:26:33", "text": "thing that they put out for all of us um"}, {"end": "00:26:38", "start": "00:26:35", "text": "that were stuck back in our homes during"}, {"end": "00:26:40", "start": "00:26:37", "text": "the impact summit. It was like a little"}, {"end": "00:26:42", "start": "00:26:38", "text": "bit of a behind the scenes to what was"}, {"end": "00:26:43", "start": "00:26:40", "text": "actually going on there. So, thank you"}, {"end": "00:26:45", "start": "00:26:42", "text": "guys for doing that. I'm glad so glad"}, {"end": "00:26:48", "start": "00:26:43", "text": "that you guys got nominated for one of"}, {"end": "00:26:50", "start": "00:26:45", "text": "the awards. Um, next, this is uh I saw a"}, {"end": "00:26:51", "start": "00:26:48", "text": "lot of people saying that they actually"}, {"end": "00:26:54", "start": "00:26:50", "text": "might have to vote for this because this"}, {"end": "00:26:56", "start": "00:26:51", "text": "is like like one of the like only ways"}, {"end": "00:26:59", "start": "00:26:54", "text": "to explore what the economy of Star"}, {"end": "00:27:02", "start": "00:26:56", "text": "Atlas actually is. Um, this is, if I can"}, {"end": "00:27:04", "start": "00:26:59", "text": "say the name right, Fronen Sconers Sage"}, {"end": "00:27:07", "start": "00:27:02", "text": "Time Lapse. I've used this in multiple"}, {"end": "00:27:08", "start": "00:27:04", "text": "um multiple videos of like maybe even"}, {"end": "00:27:10", "start": "00:27:07", "text": "the one that I I actually might have"}, {"end": "00:27:12", "start": "00:27:08", "text": "used it in the BTH building a web 3"}, {"end": "00:27:13", "start": "00:27:10", "text": "experience that I actually like am up"}, {"end": "00:27:15", "start": "00:27:12", "text": "for a Jon award for. I actually might"}, {"end": "00:27:17", "start": "00:27:13", "text": "have used his time-lapse in it because"}, {"end": "00:27:20", "start": "00:27:15", "text": "it is so phenomenal. Um, now I've done"}, {"end": "00:27:21", "start": "00:27:17", "text": "some time lapse um, uh, prior to this."}, {"end": "00:27:24", "start": "00:27:20", "text": "I've done like two or three. I've I've"}, {"end": "00:27:26", "start": "00:27:21", "text": "done it in both um, uh, using I think"}, {"end": "00:27:30", "start": "00:27:24", "text": "even the old's um, uh, version of Sage"}, {"end": "00:27:32", "start": "00:27:26", "text": "Labs and Starbased and I did an EVI one."}, {"end": "00:27:34", "start": "00:27:30", "text": "Now, how what makes his special is how"}, {"end": "00:27:36", "start": "00:27:32", "text": "he like zooms in, zooms out, and he puts"}, {"end": "00:27:37", "start": "00:27:34", "text": "this awesome music to it. Let's see if I"}, {"end": "00:27:39", "start": "00:27:36", "text": "can download this one and splice it."}, {"end": "00:27:40", "start": "00:27:37", "text": "Yes, I can download this one and also"}, {"end": "00:27:42", "start": "00:27:39", "text": "put this. So, we're going to watch this"}, {"end": "00:27:43", "start": "00:27:40", "text": "whole entire thing because it uh just"}, {"end": "00:27:45", "start": "00:27:42", "text": "uses Star Atlas music and I I I don't"}, {"end": "00:27:47", "start": "00:27:43", "text": "get copyritten for uh for that. So, um"}, {"end": "00:27:48", "start": "00:27:45", "text": "yeah, guys, enjoy. If you've never seen"}, {"end": "00:27:50", "start": "00:27:47", "text": "this before, if you have seen it, enjoy"}, {"end": "00:27:53", "start": "00:27:48", "text": "once again because it is awesome. Um"}, {"end": "00:27:57", "start": "00:27:50", "text": "yeah, hats off to um to Fran for putting"}, {"end": "00:27:57", "start": "00:27:53", "text": "this out. This is so cool."}, {"end": "00:28:38", "start": "00:28:33", "text": "And then finally, um, BTH Building a web"}, {"end": "00:28:40", "start": "00:28:36", "text": "3 gaming cyber nation. You guys voted me"}, {"end": "00:28:41", "start": "00:28:38", "text": "for a video. Thank you so much, man. You"}, {"end": "00:28:43", "start": "00:28:40", "text": "know what's really funny is so the"}, {"end": "00:28:44", "start": "00:28:41", "text": "category and Joanie Awards is most"}, {"end": "00:28:46", "start": "00:28:43", "text": "entertaining video of the year. I"}, {"end": "00:28:47", "start": "00:28:44", "text": "really, really thought it was going to"}, {"end": "00:28:48", "start": "00:28:46", "text": "be I'll show you the one I thought it"}, {"end": "00:28:49", "start": "00:28:47", "text": "was going to be for the most"}, {"end": "00:28:50", "start": "00:28:48", "text": "entertaining one I ever put out. I"}, {"end": "00:28:53", "start": "00:28:49", "text": "thought you guys were going to vote for"}, {"end": "00:28:53", "start": "00:28:50", "text": "this one right here. Ready?"}, {"end": "00:28:59", "start": "00:28:54", "text": "Do you guys remember this last Christmas"}, {"end": "00:29:00", "start": "00:28:56", "text": "time?"}, {"end": "00:29:03", "start": "00:28:59", "text": "I thought it was going to be this one."}, {"end": "00:29:03", "start": "00:29:00", "text": "Do you guys remember this?"}, {"end": "00:29:14", "start": "00:29:10", "text": "Oh, I remember that. That was the"}, {"end": "00:29:17", "start": "00:29:12", "text": "blizzard back in 2620 on planet"}, {"end": "00:29:20", "start": "00:29:14", "text": "Lamentus. We almost didn't have"}, {"end": "00:29:23", "start": "00:29:17", "text": "ourselves a Star Atlas Christmas. Oh,"}, {"end": "00:29:24", "start": "00:29:20", "text": "wait. You've never heard of Star Atlas"}, {"end": "00:29:26", "start": "00:29:23", "text": "Christmas?"}, {"end": "00:29:28", "start": "00:29:24", "text": "Oh, heck no. They ain't ever heard of"}, {"end": "00:29:30", "start": "00:29:26", "text": "Star Atlas Christmas?"}, {"end": "00:29:32", "start": "00:29:28", "text": "Well, you're in the right place, boys"}, {"end": "00:29:35", "start": "00:29:30", "text": "and girls. Pull yourself up an ice"}, {"end": "00:29:37", "start": "00:29:32", "text": "block. Pour yourself a nice steaming cup"}, {"end": "00:29:40", "start": "00:29:35", "text": "of hot cocoa. Add a dollop of squid"}, {"end": "00:29:42", "start": "00:29:37", "text": "milk. And grab yourself a can of"}, {"end": "00:29:44", "start": "00:29:40", "text": "Christmas beans. There ain't no such"}, {"end": "00:29:46", "start": "00:29:42", "text": "thing as Christmas beans."}, {"end": "00:29:48", "start": "00:29:44", "text": "Well, anyway, I could not do this one"}, {"end": "00:29:49", "start": "00:29:46", "text": "without you guys. I just want to send a"}, {"end": "00:29:51", "start": "00:29:48", "text": "shout out to the entire Star Atlas"}, {"end": "00:29:53", "start": "00:29:49", "text": "community for uh helping me make this"}, {"end": "00:29:54", "start": "00:29:51", "text": "one. This was like a super fun video to"}, {"end": "00:29:58", "start": "00:29:53", "text": "actually make. Um, but the one I"}, {"end": "00:30:00", "start": "00:29:54", "text": "actually got um got uh nominated for was"}, {"end": "00:30:02", "start": "00:29:58", "text": "also one that I really enjoyed making"}, {"end": "00:30:04", "start": "00:30:00", "text": "and it was um the Cyber Nation. It was"}, {"end": "00:30:07", "start": "00:30:02", "text": "like like kind of like a little mini"}, {"end": "00:30:08", "start": "00:30:04", "text": "documentary I did and um even like the"}, {"end": "00:30:09", "start": "00:30:07", "text": "thumbnail I enjoy in this one, but I"}, {"end": "00:30:10", "start": "00:30:08", "text": "just want to play you guys a second of"}, {"end": "00:30:11", "start": "00:30:09", "text": "this one."}, {"end": "00:30:14", "start": "00:30:10", "text": "Star Atlas."}, {"end": "00:30:17", "start": "00:30:11", "text": "Star Atlas. Star Atlas is building a"}, {"end": "00:30:19", "start": "00:30:14", "text": "gaming cyber nation from the ground up."}, {"end": "00:30:22", "start": "00:30:17", "text": "The gaming industry has spent the last"}, {"end": "00:30:24", "start": "00:30:19", "text": "decade refining a formula. polished"}, {"end": "00:30:27", "start": "00:30:22", "text": "graphics, familiar mechanics, and a"}, {"end": "00:30:30", "start": "00:30:24", "text": "predictable revenue stream. Studios"}, {"end": "00:30:33", "start": "00:30:27", "text": "churn out sequels and clones, Ierating"}, {"end": "00:30:35", "start": "00:30:30", "text": "on safe bets that echo designs from 10"}, {"end": "00:30:39", "start": "00:30:33", "text": "years ago. It's an incremental path,"}, {"end": "00:30:42", "start": "00:30:35", "text": "reliable but uninspired. At Star Atlas,"}, {"end": "00:30:44", "start": "00:30:39", "text": "we're taking a different approach, a"}, {"end": "00:30:46", "start": "00:30:42", "text": "different way down the road. We're not"}, {"end": "00:30:49", "start": "00:30:44", "text": "tweaking the old playbook, we're writing"}, {"end": "00:30:51", "start": "00:30:46", "text": "a new one. Our 0ero to one isn't about"}, {"end": "00:30:53", "start": "00:30:49", "text": "building another Pok\u00e9mon. It's about"}, {"end": "00:30:57", "start": "00:30:51", "text": "creating an immersive decentralized"}, {"end": "00:30:59", "start": "00:30:53", "text": "gaming cyber nation on chain. A living"}, {"end": "00:31:02", "start": "00:30:57", "text": "galaxy where players don't just play,"}, {"end": "00:31:05", "start": "00:30:59", "text": "but thrive. This is the future we're"}, {"end": "00:31:08", "start": "00:31:02", "text": "betting on. And it's unlike anything the"}, {"end": "00:31:11", "start": "00:31:05", "text": "industry has seen before. The concept of"}, {"end": "00:31:15", "start": "00:31:08", "text": "a gaming cyber nation. Imagine a galaxy"}, {"end": "00:31:17", "start": "00:31:11", "text": "so vast it spans. So, one of my favorite"}, {"end": "00:31:19", "start": "00:31:15", "text": "things about um making this video is"}, {"end": "00:31:21", "start": "00:31:17", "text": "showing this part right here. I do this"}, {"end": "00:31:24", "start": "00:31:19", "text": "montage showing all the different things"}, {"end": "00:31:26", "start": "00:31:21", "text": "that people have built um on on top of"}, {"end": "00:31:27", "start": "00:31:24", "text": "Star Atlas. So, I'm sure I missed a"}, {"end": "00:31:28", "start": "00:31:26", "text": "whole bunch, but I mean there's the"}, {"end": "00:31:31", "start": "00:31:27", "text": "slide tool right there. You just saw"}, {"end": "00:31:33", "start": "00:31:28", "text": "EVI. Um there was Tensor right here is"}, {"end": "00:31:36", "start": "00:31:31", "text": "um this is Nancy built by Kenny from"}, {"end": "00:31:38", "start": "00:31:33", "text": "AIA. Um here is Red Spatula. So, I mean"}, {"end": "00:31:41", "start": "00:31:36", "text": "people in the community are what makes"}, {"end": "00:31:43", "start": "00:31:38", "text": "Star Atlas. Um they there's so many of"}, {"end": "00:31:45", "start": "00:31:41", "text": "us that are just like doing whatever we"}, {"end": "00:31:46", "start": "00:31:43", "text": "can to like, you know, make this"}, {"end": "00:31:48", "start": "00:31:45", "text": "community even cooler than it already"}, {"end": "00:31:50", "start": "00:31:46", "text": "is. and Star Alice gives us permission"}, {"end": "00:31:52", "start": "00:31:48", "text": "by using their IP. Um, so if there is"}, {"end": "00:31:54", "start": "00:31:50", "text": "builders out here, I just want to do I"}, {"end": "00:31:56", "start": "00:31:52", "text": "just want to um throw this out here. Um,"}, {"end": "00:31:59", "start": "00:31:54", "text": "here's the music, too. I thought this"}, {"end": "00:32:01", "start": "00:31:56", "text": "was just so cool. Um, if you're building"}, {"end": "00:32:02", "start": "00:31:59", "text": "something, um, reach out to the"}, {"end": "00:32:04", "start": "00:32:01", "text": "community like for community week"}, {"end": "00:32:05", "start": "00:32:02", "text": "because throughout the whole entire"}, {"end": "00:32:07", "start": "00:32:04", "text": "week, they say that they're actually"}, {"end": "00:32:08", "start": "00:32:05", "text": "going to be um, doing special spotlights"}, {"end": "00:32:09", "start": "00:32:07", "text": "on different things that people are"}, {"end": "00:32:11", "start": "00:32:08", "text": "building. And if you are one of the"}, {"end": "00:32:12", "start": "00:32:09", "text": "builders that like I even show in my my"}, {"end": "00:32:14", "start": "00:32:11", "text": "video right here that have, you know,"}, {"end": "00:32:16", "start": "00:32:12", "text": "come out with something special, you"}, {"end": "00:32:17", "start": "00:32:14", "text": "know, reach out to, I believe Dominic,"}, {"end": "00:32:18", "start": "00:32:16", "text": "you know, you know, had a marketing man"}, {"end": "00:32:21", "start": "00:32:17", "text": "we just saw is the probably the best man"}, {"end": "00:32:23", "start": "00:32:18", "text": "to go to. Um, if not Santi. Um, and"}, {"end": "00:32:24", "start": "00:32:21", "text": "yeah, I can't wait to see what everyone"}, {"end": "00:32:26", "start": "00:32:23", "text": "is building, what the new things that"}, {"end": "00:32:29", "start": "00:32:24", "text": "are about to come out, you know, what"}, {"end": "00:32:31", "start": "00:32:26", "text": "what they are. And, you know, we are we"}, {"end": "00:32:32", "start": "00:32:29", "text": "are awesome. You know, Star Atlas, like"}, {"end": "00:32:34", "start": "00:32:31", "text": "the devs even say, it's the community"}, {"end": "00:32:36", "start": "00:32:32", "text": "that makes the actual game. So, we all"}, {"end": "00:32:38", "start": "00:32:34", "text": "will be rewarded in the end. I'm sure as"}, {"end": "00:32:40", "start": "00:32:36", "text": "all these big releases come out, we are"}, {"end": "00:32:42", "start": "00:32:38", "text": "going to hopefully get a lot more people"}, {"end": "00:32:44", "start": "00:32:40", "text": "um with eyes on Star Atlas playing the"}, {"end": "00:32:46", "start": "00:32:42", "text": "game and you know things could explode"}, {"end": "00:32:47", "start": "00:32:44", "text": "in the future and uh yeah,"}, {"end": "00:32:49", "start": "00:32:46", "text": "good stuff to come, man. Good stuff to"}, {"end": "00:32:52", "start": "00:32:47", "text": "come. Now, let's talk about the very"}, {"end": "00:32:55", "start": "00:32:49", "text": "last day of the Star Atlas community"}, {"end": "00:32:59", "start": "00:32:52", "text": "week. It is the community carnival with"}, {"end": "00:33:01", "start": "00:32:55", "text": "$15,5 in prizes. So, apparently there's"}, {"end": "00:33:04", "start": "00:32:59", "text": "going to be some type of um bot uh a"}, {"end": "00:33:06", "start": "00:33:01", "text": "custommade bot that's going to be um"}, {"end": "00:33:08", "start": "00:33:04", "text": "hanging out during the whole week long"}, {"end": "00:33:10", "start": "00:33:06", "text": "um part, you know, like the party"}, {"end": "00:33:11", "start": "00:33:08", "text": "basically that we're having for the"}, {"end": "00:33:13", "start": "00:33:10", "text": "community. It's going to be like giving"}, {"end": "00:33:14", "start": "00:33:11", "text": "us all tickets somehow. Um I don't"}, {"end": "00:33:15", "start": "00:33:13", "text": "exactly know how these raffle tickets"}, {"end": "00:33:16", "start": "00:33:14", "text": "are going to work, but we're going to be"}, {"end": "00:33:18", "start": "00:33:15", "text": "able to get a whole bunch of these"}, {"end": "00:33:19", "start": "00:33:16", "text": "tickets. I'm sure the first day that the"}, {"end": "00:33:20", "start": "00:33:18", "text": "kickoff event, there's going to be a ton"}, {"end": "00:33:22", "start": "00:33:19", "text": "of tickets given out. Um but there's"}, {"end": "00:33:23", "start": "00:33:20", "text": "going to be all sorts of chances to"}, {"end": "00:33:25", "start": "00:33:22", "text": "like, you know, kind of like in a DJ way"}, {"end": "00:33:26", "start": "00:33:23", "text": "double the amount of tickets that you're"}, {"end": "00:33:28", "start": "00:33:25", "text": "going to have. Um, there's going to be"}, {"end": "00:33:29", "start": "00:33:26", "text": "like some type of community betting that"}, {"end": "00:33:30", "start": "00:33:28", "text": "you can have. There's going to be like I"}, {"end": "00:33:32", "start": "00:33:29", "text": "think it's player versus player where"}, {"end": "00:33:34", "start": "00:33:30", "text": "they're going to have some type of rock"}, {"end": "00:33:35", "start": "00:33:32", "text": "paper scissors type of like game that"}, {"end": "00:33:36", "start": "00:33:34", "text": "you're going to be able to play. So, you"}, {"end": "00:33:38", "start": "00:33:35", "text": "can challenge people to rock paper"}, {"end": "00:33:40", "start": "00:33:36", "text": "scissors to see um if you can win their"}, {"end": "00:33:41", "start": "00:33:38", "text": "tickets, you know, beat them just by a"}, {"end": "00:33:43", "start": "00:33:40", "text": "simple game of rock paper scissors. They"}, {"end": "00:33:45", "start": "00:33:41", "text": "say this is totally whale proof. So,"}, {"end": "00:33:47", "start": "00:33:43", "text": "like whales don't have any like extra"}, {"end": "00:33:48", "start": "00:33:45", "text": "abilities to like win these prizes than"}, {"end": "00:33:50", "start": "00:33:47", "text": "just your average player that doesn't"}, {"end": "00:33:52", "start": "00:33:48", "text": "even own a single stylus asset. Um, just"}, {"end": "00:33:53", "start": "00:33:50", "text": "by being at the community event, you"}, {"end": "00:33:56", "start": "00:33:52", "text": "have the chance to win all sorts of this"}, {"end": "00:33:59", "start": "00:33:53", "text": "these cool things. Um, what else is"}, {"end": "00:34:01", "start": "00:33:56", "text": "there? I took some notes here. Um,"}, {"end": "00:34:03", "start": "00:33:59", "text": "oh, I I think I just jotted down too"}, {"end": "00:34:05", "start": "00:34:01", "text": "that um maybe the community um team"}, {"end": "00:34:06", "start": "00:34:03", "text": "versus community um might have some"}, {"end": "00:34:09", "start": "00:34:05", "text": "raffle tickets, too. And then there's"}, {"end": "00:34:11", "start": "00:34:06", "text": "also going to be um a special badge that"}, {"end": "00:34:12", "start": "00:34:09", "text": "you get. The badge doesn't really give"}, {"end": "00:34:13", "start": "00:34:11", "text": "it have any utility for Star Alice. It's"}, {"end": "00:34:15", "start": "00:34:12", "text": "just a really cool badge. I'm not too"}, {"end": "00:34:17", "start": "00:34:13", "text": "sure if I have a picture of it. Um but"}, {"end": "00:34:18", "start": "00:34:15", "text": "it's it's in the whole entire motif of"}, {"end": "00:34:19", "start": "00:34:17", "text": "all these different graphics that we've"}, {"end": "00:34:21", "start": "00:34:18", "text": "been seeing. It's a really beautiful"}, {"end": "00:34:23", "start": "00:34:19", "text": "badge. Um, but it actually just proves"}, {"end": "00:34:25", "start": "00:34:21", "text": "that you were around at this given time"}, {"end": "00:34:27", "start": "00:34:23", "text": "in the history of Star Atlas. So, lots"}, {"end": "00:34:29", "start": "00:34:25", "text": "of cool stuff. Let's see if I can find"}, {"end": "00:34:31", "start": "00:34:27", "text": "the badge. Oh, here is the community"}, {"end": "00:34:33", "start": "00:34:29", "text": "carnival ticket. So, these are the"}, {"end": "00:34:35", "start": "00:34:31", "text": "raffle tickets that you'll be getting um"}, {"end": "00:34:37", "start": "00:34:33", "text": "that we just were just talking about."}, {"end": "00:34:39", "start": "00:34:35", "text": "And then um over here in Discord, I just"}, {"end": "00:34:42", "start": "00:34:37", "text": "realized here is the awesome community"}, {"end": "00:34:42", "start": "00:34:39", "text": "week badge. Gosh, I want one. I don't"}, {"end": "00:34:43", "start": "00:34:42", "text": "think I'm going to be able to get one"}, {"end": "00:34:46", "start": "00:34:42", "text": "cuz I know I'm not going to be able to"}, {"end": "00:34:48", "start": "00:34:43", "text": "attend all six um events. Um boy, I'll"}, {"end": "00:34:50", "start": "00:34:46", "text": "be lucky if I do. Um, someone you have,"}, {"end": "00:34:52", "start": "00:34:48", "text": "uh, you know, two Discord accounts, log"}, {"end": "00:34:54", "start": "00:34:50", "text": "into both so you guys can win me one of"}, {"end": "00:34:55", "start": "00:34:52", "text": "these badges and send it to my wallet."}, {"end": "00:34:58", "start": "00:34:54", "text": "There's always a link to my wallet down"}, {"end": "00:35:00", "start": "00:34:55", "text": "below in the description. Um, hey, let"}, {"end": "00:35:01", "start": "00:34:58", "text": "me know guys down in the comments below."}, {"end": "00:35:03", "start": "00:35:00", "text": "What are you most excited about in"}, {"end": "00:35:04", "start": "00:35:01", "text": "community week? Who do you guys, you"}, {"end": "00:35:06", "start": "00:35:03", "text": "know, do you have any special insights"}, {"end": "00:35:07", "start": "00:35:04", "text": "on who people should vote for in the"}, {"end": "00:35:09", "start": "00:35:06", "text": "Joan Awards? What guild do you think is"}, {"end": "00:35:10", "start": "00:35:07", "text": "going to be the winner of the, you know,"}, {"end": "00:35:12", "start": "00:35:09", "text": "of the guild competition? Who do you"}, {"end": "00:35:13", "start": "00:35:10", "text": "think is going to take Copa award? Give"}, {"end": "00:35:15", "start": "00:35:12", "text": "me some comments below. I love reading"}, {"end": "00:35:17", "start": "00:35:13", "text": "your comments. And you, you know what?"}, {"end": "00:35:19", "start": "00:35:15", "text": "Um, I'll catch you guys throughout the"}, {"end": "00:35:21", "start": "00:35:17", "text": "community week. Hopefully I can bust out"}, {"end": "00:35:22", "start": "00:35:19", "text": "a video or two. Um, with my busy"}, {"end": "00:35:24", "start": "00:35:21", "text": "schedule, it's kind of tough sometimes,"}, {"end": "00:35:26", "start": "00:35:22", "text": "but I'll try to I'll try my best to do"}, {"end": "00:35:30", "start": "00:35:24", "text": "some coverage of it. And I'll talk to"}, {"end": "00:35:30", "start": "00:35:26", "text": "you guys in the next one. Later, guys."}]

[{"end": "00:00:04", "start": "00:00:00", "text": "Yo, what's up mods? What's up ponies?"}, {"end": "00:00:06", "start": "00:00:02", "text": "And what's up boosters, man? Look at"}, {"end": "00:00:09", "start": "00:00:04", "text": "your screen. Look at what's in front of"}, {"end": "00:00:10", "start": "00:00:06", "text": "you, man. This is Cataclysm. It is"}, {"end": "00:00:12", "start": "00:00:09", "text": "finally coming out. I've been itching to"}, {"end": "00:00:14", "start": "00:00:10", "text": "play this for over a year when it was"}, {"end": "00:00:16", "start": "00:00:12", "text": "first announced at Aphia's last"}, {"end": "00:00:17", "start": "00:00:14", "text": "anniversary and that was the third. They"}, {"end": "00:00:19", "start": "00:00:16", "text": "just celebrated their fourth"}, {"end": "00:00:22", "start": "00:00:17", "text": "anniversary. This was put together by"}, {"end": "00:00:25", "start": "00:00:19", "text": "the AIA guild's own Valconin with some"}, {"end": "00:00:26", "start": "00:00:22", "text": "help from Sensei and Funcracker."}, {"end": "00:00:28", "start": "00:00:25", "text": "It's so cool, man. You are going to"}, {"end": "00:00:30", "start": "00:00:26", "text": "totally dig this. and you actually get"}, {"end": "00:00:31", "start": "00:00:28", "text": "to watch it on your screen and"}, {"end": "00:00:33", "start": "00:00:30", "text": "experience it right here where I'm going"}, {"end": "00:00:34", "start": "00:00:31", "text": "to play against one of the star Alice"}, {"end": "00:00:36", "start": "00:00:33", "text": "devs, someone that you guys all know and"}, {"end": "00:00:38", "start": "00:00:34", "text": "love. You will see in just a second."}, {"end": "00:00:41", "start": "00:00:36", "text": "Without further ado, man, let's get into"}, {"end": "00:00:41", "start": "00:00:38", "text": "it. Let's roll."}, {"end": "00:00:50", "start": "00:00:42", "text": "[Music]"}, {"end": "00:00:57", "start": "00:00:53", "text": "What is up captains and cadets? This is"}, {"end": "00:01:00", "start": "00:00:55", "text": "Beyond the Horizon, and I have a special"}, {"end": "00:01:03", "start": "00:00:57", "text": "guest today. I am playing the the nuke"}, {"end": "00:01:06", "start": "00:01:00", "text": "of lore. I'm playing Jose,"}, {"end": "00:01:09", "start": "00:01:03", "text": "lore master of Star Atlas, man. Welcome,"}, {"end": "00:01:11", "start": "00:01:06", "text": "dude. How are you?"}, {"end": "00:01:12", "start": "00:01:09", "text": "All good. All good. Pleasure to be here,"}, {"end": "00:01:15", "start": "00:01:11", "text": "my friend. Super excited to be here"}, {"end": "00:01:18", "start": "00:01:12", "text": "playing Cataclys, the newest game"}, {"end": "00:01:20", "start": "00:01:15", "text": "created by Aifia. And the game is really"}, {"end": "00:01:22", "start": "00:01:18", "text": "good. You guys will see we are we're"}, {"end": "00:01:23", "start": "00:01:20", "text": "going to have lots of fun."}, {"end": "00:01:25", "start": "00:01:22", "text": "All right, as you what you're seeing"}, {"end": "00:01:27", "start": "00:01:23", "text": "right here is my end of Cataclysm, the"}, {"end": "00:01:29", "start": "00:01:25", "text": "card game um from Aphia that Jose was"}, {"end": "00:01:31", "start": "00:01:27", "text": "just talking about. And this is so"}, {"end": "00:01:32", "start": "00:01:29", "text": "awesome. If you can see all the little"}, {"end": "00:01:33", "start": "00:01:31", "text": "special effects they have in the"}, {"end": "00:01:35", "start": "00:01:32", "text": "background, you see all the little"}, {"end": "00:01:38", "start": "00:01:33", "text": "animations when you know hover over a"}, {"end": "00:01:40", "start": "00:01:35", "text": "card. And if you guys have ever played"}, {"end": "00:01:43", "start": "00:01:38", "text": "Witcher 3, they took some liberties from"}, {"end": "00:01:45", "start": "00:01:40", "text": "Witcher 3. Um and this is kind of based"}, {"end": "00:01:46", "start": "00:01:43", "text": "on one of the card games that both Jose"}, {"end": "00:01:48", "start": "00:01:45", "text": "and I have actually played in the past"}, {"end": "00:01:50", "start": "00:01:46", "text": "called Gwent. And I believe it was also"}, {"end": "00:01:52", "start": "00:01:48", "text": "a standalone game that you can get an"}, {"end": "00:01:54", "start": "00:01:50", "text": "app for at a certain point. But it was a"}, {"end": "00:01:56", "start": "00:01:52", "text": "super fun game that was an in-game uh"}, {"end": "00:01:58", "start": "00:01:54", "text": "something you play in game on Witcher 3,"}, {"end": "00:02:01", "start": "00:01:56", "text": "you know, uh and it was really addictive"}, {"end": "00:02:05", "start": "00:01:58", "text": "to a lot of people. And Aphia made such"}, {"end": "00:02:07", "start": "00:02:01", "text": "a better version of that game."}, {"end": "00:02:09", "start": "00:02:05", "text": "It's looking really good. You guys will"}, {"end": "00:02:11", "start": "00:02:07", "text": "see. Really looking forward to test"}, {"end": "00:02:13", "start": "00:02:09", "text": "everything."}, {"end": "00:02:16", "start": "00:02:11", "text": "So, what I have to do is you each one of"}, {"end": "00:02:18", "start": "00:02:13", "text": "these cards right here um you'll see in"}, {"end": "00:02:20", "start": "00:02:16", "text": "a second how um gets placed on a game"}, {"end": "00:02:22", "start": "00:02:18", "text": "board. Um and what I have to do is kind"}, {"end": "00:02:23", "start": "00:02:20", "text": "of read through these cards first. And"}, {"end": "00:02:25", "start": "00:02:22", "text": "after you play this a few rounds, you'll"}, {"end": "00:02:27", "start": "00:02:23", "text": "kind of get used to which cards you want"}, {"end": "00:02:31", "start": "00:02:25", "text": "to hold, which ones you want to discard."}, {"end": "00:02:32", "start": "00:02:27", "text": "Um but um each one of these has well I"}, {"end": "00:02:34", "start": "00:02:31", "text": "shouldn't say each one, but some of them"}, {"end": "00:02:36", "start": "00:02:32", "text": "have some really good special abilities"}, {"end": "00:02:39", "start": "00:02:34", "text": "that help you out um as the game is"}, {"end": "00:02:43", "start": "00:02:36", "text": "played. Um but let me just get the game"}, {"end": "00:02:43", "start": "00:02:39", "text": "going here. I'm going to discard a few."}, {"end": "00:02:51", "start": "00:02:47", "text": "And once you discard, they go into the"}, {"end": "00:02:55", "start": "00:02:49", "text": "junkyard. And some cards actually let"}, {"end": "00:02:55", "start": "00:02:51", "text": "you bring those cards back."}, {"end": "00:03:02", "start": "00:02:59", "text": "All right."}, {"end": "00:03:09", "start": "00:03:04", "text": "Now, you can see the game board in front"}, {"end": "00:03:11", "start": "00:03:06", "text": "of us right here."}, {"end": "00:03:13", "start": "00:03:09", "text": "We have all these different zones. Do"}, {"end": "00:03:16", "start": "00:03:11", "text": "you want to explain the zones, Jose, so"}, {"end": "00:03:19", "start": "00:03:13", "text": "people know what we're looking at? Uh,"}, {"end": "00:03:21", "start": "00:03:16", "text": "as you guys can see, uh, we have four"}, {"end": "00:03:22", "start": "00:03:19", "text": "different zones in the game. The one"}, {"end": "00:03:25", "start": "00:03:21", "text": "with the bullets at the middle of the"}, {"end": "00:03:27", "start": "00:03:22", "text": "map is the cataclysm zone. Here you see"}, {"end": "00:03:30", "start": "00:03:25", "text": "the you play the cars that are"}, {"end": "00:03:32", "start": "00:03:27", "text": "associated with direct firepower and"}, {"end": "00:03:35", "start": "00:03:30", "text": "combat. In the left side of the board in"}, {"end": "00:03:38", "start": "00:03:32", "text": "purple with that cog wheel, we have the"}, {"end": "00:03:41", "start": "00:03:35", "text": "industry area of the game. There you"}, {"end": "00:03:44", "start": "00:03:38", "text": "have structures and support ships that"}, {"end": "00:03:46", "start": "00:03:41", "text": "work more on special effects and"}, {"end": "00:03:48", "start": "00:03:44", "text": "providing points or other effects every"}, {"end": "00:03:51", "start": "00:03:46", "text": "turn. In the bottom with that military"}, {"end": "00:03:55", "start": "00:03:48", "text": "symbol in blue, we have the command"}, {"end": "00:03:57", "start": "00:03:51", "text": "ships. Those ships they they are more of"}, {"end": "00:03:59", "start": "00:03:55", "text": "our all around ships. Uh they have some"}, {"end": "00:04:00", "start": "00:03:57", "text": "effects. Some of the times they are"}, {"end": "00:04:02", "start": "00:03:59", "text": "multiroll meaning that they can be"}, {"end": "00:04:05", "start": "00:04:00", "text": "deployed in different areas of the"}, {"end": "00:04:08", "start": "00:04:02", "text": "board. So they are like a reserve from"}, {"end": "00:04:10", "start": "00:04:05", "text": "the from your main ships. And finally on"}, {"end": "00:04:12", "start": "00:04:08", "text": "the right side of the screens with the"}, {"end": "00:04:15", "start": "00:04:10", "text": "cross you have the support ships which"}, {"end": "00:04:19", "start": "00:04:12", "text": "is another area of the board. Uh"}, {"end": "00:04:22", "start": "00:04:15", "text": "normally you place ships there that have"}, {"end": "00:04:24", "start": "00:04:19", "text": "uh combo abilities, special uh"}, {"end": "00:04:27", "start": "00:04:22", "text": "characteristics that helps each other to"}, {"end": "00:04:30", "start": "00:04:24", "text": "make more points. And the idea here in"}, {"end": "00:04:31", "start": "00:04:27", "text": "this game is to try to win every round"}, {"end": "00:04:35", "start": "00:04:30", "text": "using the least amount of cards"}, {"end": "00:04:37", "start": "00:04:31", "text": "possible. As you can see, the two of us"}, {"end": "00:04:38", "start": "00:04:35", "text": "right now have seven cards. And what"}, {"end": "00:04:41", "start": "00:04:37", "text": "we're going to try to do is make the"}, {"end": "00:04:44", "start": "00:04:38", "text": "most points every round without spending"}, {"end": "00:04:46", "start": "00:04:41", "text": "trying to spend a few cards as possible"}, {"end": "00:04:49", "start": "00:04:44", "text": "to make those points. And whoever makes"}, {"end": "00:04:52", "start": "00:04:46", "text": "the two the two rounds, whoever wins two"}, {"end": "00:04:54", "start": "00:04:49", "text": "hounds first get the match. So, I'm"}, {"end": "00:04:56", "start": "00:04:52", "text": "going to start."}, {"end": "00:04:59", "start": "00:04:54", "text": "Oh, it's it's still you. Sorry. I was"}, {"end": "00:05:00", "start": "00:04:56", "text": "thinking it was my turn. Sorry. Oh, it"}, {"end": "00:05:02", "start": "00:04:59", "text": "was Oh, I thought it was your turn, too."}, {"end": "00:05:05", "start": "00:05:00", "text": "So, um, you know, first off, hats off"}, {"end": "00:05:06", "start": "00:05:02", "text": "and props to Aphia for, um, coming out"}, {"end": "00:05:08", "start": "00:05:05", "text": "with this game. It is absolutely"}, {"end": "00:05:10", "start": "00:05:06", "text": "amazing. They gave us a sneak peek about"}, {"end": "00:05:12", "start": "00:05:08", "text": "a year ago, and, um, I've been excited"}, {"end": "00:05:15", "start": "00:05:10", "text": "to play it ever since. And so, this is"}, {"end": "00:05:18", "start": "00:05:12", "text": "an honor, um, that, um, you know, just I"}, {"end": "00:05:20", "start": "00:05:15", "text": "was chosen, uh, to play one of the dev"}, {"end": "00:05:22", "start": "00:05:18", "text": "members of Star Alice to, you know, like"}, {"end": "00:05:24", "start": "00:05:20", "text": "in a game of Cataclysm. And just to be"}, {"end": "00:05:26", "start": "00:05:22", "text": "honest, Jose and I actually played a"}, {"end": "00:05:28", "start": "00:05:24", "text": "game. I thought I was recording it and I"}, {"end": "00:05:30", "start": "00:05:26", "text": "screwed up and screwed up the recording."}, {"end": "00:05:32", "start": "00:05:28", "text": "But Josie already whipped my butt once"}, {"end": "00:05:34", "start": "00:05:30", "text": "and let's see if I can actually have a"}, {"end": "00:05:36", "start": "00:05:32", "text": "comeback here and uh and take him out."}, {"end": "00:05:39", "start": "00:05:34", "text": "So, he gave me a couple tips when I"}, {"end": "00:05:43", "start": "00:05:36", "text": "actually was playing him. So, um we're"}, {"end": "00:05:45", "start": "00:05:39", "text": "going to start with this one right here."}, {"end": "00:05:48", "start": "00:05:43", "text": "We're starting off strong, mean and"}, {"end": "00:05:48", "start": "00:05:45", "text": "strong. Man,"}, {"end": "00:05:57", "start": "00:05:51", "text": "as you guys can see, the ballot he just"}, {"end": "00:05:59", "start": "00:05:53", "text": "played gives one plus uh score for every"}, {"end": "00:06:04", "start": "00:05:57", "text": "small win median ship that he deploys in"}, {"end": "00:06:07", "start": "00:05:59", "text": "this red area here. So, got to watch out"}, {"end": "00:06:08", "start": "00:06:04", "text": "what he's going to do there."}, {"end": "00:06:12", "start": "00:06:07", "text": "And so, yeah. So, I just got that little"}, {"end": "00:06:14", "start": "00:06:08", "text": "plus one animation again. Um the way"}, {"end": "00:06:15", "start": "00:06:12", "text": "everything looks and is so streamlined"}, {"end": "00:06:17", "start": "00:06:14", "text": "in this game is just awesome, you know."}, {"end": "00:06:19", "start": "00:06:15", "text": "Like I love the love all the little"}, {"end": "00:06:21", "start": "00:06:17", "text": "details that you know that they did. So"}, {"end": "00:06:26", "start": "00:06:19", "text": "it's phenomenal, man."}, {"end": "00:06:26", "start": "00:06:21", "text": "Yeah. No, it's looking really good."}, {"end": "00:06:35", "start": "00:06:30", "text": "So what Jose just played on my actually"}, {"end": "00:06:37", "start": "00:06:32", "text": "on my end, we read it says deploy to"}, {"end": "00:06:40", "start": "00:06:35", "text": "opponent's front line, but he got to"}, {"end": "00:06:42", "start": "00:06:37", "text": "draw two cards from his reserve. choose"}, {"end": "00:06:43", "start": "00:06:40", "text": "one to keep in and then so he got to"}, {"end": "00:06:44", "start": "00:06:42", "text": "choose one of those two to keep in his"}, {"end": "00:06:46", "start": "00:06:43", "text": "hand. So like maybe he he grabbed this"}, {"end": "00:06:48", "start": "00:06:44", "text": "as a throwaway, but hopefully he got a"}, {"end": "00:06:51", "start": "00:06:46", "text": "better card for that, you know, playing"}, {"end": "00:06:54", "start": "00:06:48", "text": "that one right there."}, {"end": "00:06:54", "start": "00:06:51", "text": "See,"}, {"end": "00:06:59", "start": "00:06:55", "text": "and I'm doing pretty good right now. I'm"}, {"end": "00:07:02", "start": "00:06:57", "text": "a little afraid to like throw any any of"}, {"end": "00:07:04", "start": "00:06:59", "text": "my stronger uh plays at this moment. Um"}, {"end": "00:07:06", "start": "00:07:02", "text": "but he could he could come back. So am"}, {"end": "00:07:09", "start": "00:07:04", "text": "I."}, {"end": "00:07:11", "start": "00:07:06", "text": "So here here is the the important part"}, {"end": "00:07:14", "start": "00:07:09", "text": "of this game. He has a huge lead right"}, {"end": "00:07:17", "start": "00:07:11", "text": "now, but he's unsure of how much I can"}, {"end": "00:07:19", "start": "00:07:14", "text": "commit to this round to try to surpass"}, {"end": "00:07:22", "start": "00:07:17", "text": "his score. So he's wondering, should I"}, {"end": "00:07:25", "start": "00:07:19", "text": "play more cards? Should I hold more? And"}, {"end": "00:07:27", "start": "00:07:22", "text": "he has five cards in his hand. And I"}, {"end": "00:07:29", "start": "00:07:25", "text": "still have six. So that's the"}, {"end": "00:07:31", "start": "00:07:27", "text": "calculation that he must do on whether"}, {"end": "00:07:34", "start": "00:07:29", "text": "I'm able to beat him with my current"}, {"end": "00:07:35", "start": "00:07:31", "text": "hand or not. This is the that makes the"}, {"end": "00:07:37", "start": "00:07:34", "text": "game super fun and strategic."}, {"end": "00:07:38", "start": "00:07:35", "text": "And there are some cards that he can"}, {"end": "00:07:40", "start": "00:07:37", "text": "play and he can he could just be like"}, {"end": "00:07:41", "start": "00:07:38", "text": "kind of roping me in to be like he wants"}, {"end": "00:07:43", "start": "00:07:40", "text": "to see if I'm going to fill out this"}, {"end": "00:07:45", "start": "00:07:41", "text": "cataclysm zone, the red zone right here."}, {"end": "00:07:47", "start": "00:07:43", "text": "And then he might have a card that can"}, {"end": "00:07:49", "start": "00:07:45", "text": "then counter all my ships. Uh you know,"}, {"end": "00:07:51", "start": "00:07:47", "text": "bringing them back down to almost"}, {"end": "00:07:52", "start": "00:07:49", "text": "nothing, you know, like so I have to be"}, {"end": "00:07:54", "start": "00:07:51", "text": "really really careful. And that's why"}, {"end": "00:07:56", "start": "00:07:52", "text": "it's it's kind of cool, you know, good"}, {"end": "00:07:58", "start": "00:07:54", "text": "if you have some um different cards you"}, {"end": "00:07:59", "start": "00:07:56", "text": "can play in different parts of the game"}, {"end": "00:08:02", "start": "00:07:58", "text": "board right here and you know, different"}, {"end": "00:08:04", "start": "00:07:59", "text": "zones, which um"}, {"end": "00:08:07", "start": "00:08:02", "text": "some would say that some of the players"}, {"end": "00:08:07", "start": "00:08:04", "text": "here are not that lucky."}, {"end": "00:08:12", "start": "00:08:08", "text": "All right, so I I again I got extra"}, {"end": "00:08:14", "start": "00:08:10", "text": "points because these are are medium"}, {"end": "00:08:15", "start": "00:08:12", "text": "ships or small ships, I'm sorry. And uh"}, {"end": "00:08:17", "start": "00:08:14", "text": "I have this one right here, the Visus"}, {"end": "00:08:20", "start": "00:08:15", "text": "Ballad, that keeps on giving me an extra"}, {"end": "00:08:21", "start": "00:08:17", "text": "plus one to everything. This is a cool"}, {"end": "00:08:23", "start": "00:08:20", "text": "card that Jose just played. The claim"}, {"end": "00:08:26", "start": "00:08:21", "text": "stake right here. Every single turn, he"}, {"end": "00:08:28", "start": "00:08:23", "text": "gets an extra point on the board."}, {"end": "00:08:29", "start": "00:08:26", "text": "Right now, I am definitely passing"}, {"end": "00:08:32", "start": "00:08:28", "text": "because I have such a big lead. And"}, {"end": "00:08:33", "start": "00:08:29", "text": "we'll see what happens here."}, {"end": "00:08:38", "start": "00:08:32", "text": "You just saw right there, Jose got that"}, {"end": "00:08:38", "start": "00:08:33", "text": "extra uh point from the claim steak."}, {"end": "00:08:51", "start": "00:08:45", "text": "Should I win this round or not? Oh, big"}, {"end": "00:08:53", "start": "00:08:48", "text": "words."}, {"end": "00:08:56", "start": "00:08:51", "text": "Yeah, I'll explain to you guys uh my"}, {"end": "00:09:00", "start": "00:08:53", "text": "reasoning now. He has really committed a"}, {"end": "00:09:02", "start": "00:08:56", "text": "lot of fighter ships. And for example,"}, {"end": "00:09:04", "start": "00:09:00", "text": "this is this is actually a hard play for"}, {"end": "00:09:07", "start": "00:09:02", "text": "for him like he's going to win unless I"}, {"end": "00:09:10", "start": "00:09:04", "text": "start uh putting a lot of items in the"}, {"end": "00:09:13", "start": "00:09:07", "text": "board. Or I can play a card like R the"}, {"end": "00:09:16", "start": "00:09:10", "text": "Fly, which cleanses one of the areas of"}, {"end": "00:09:19", "start": "00:09:13", "text": "the board. Like I could kill all his"}, {"end": "00:09:23", "start": "00:09:16", "text": "fighter ships with a single card if I"}, {"end": "00:09:25", "start": "00:09:19", "text": "had it in my hand right now."}, {"end": "00:09:26", "start": "00:09:23", "text": "Is he going to do it? I think you should"}, {"end": "00:09:28", "start": "00:09:25", "text": "do it. I I think you should show the"}, {"end": "00:09:30", "start": "00:09:26", "text": "audience, you know, the might the might"}, {"end": "00:09:31", "start": "00:09:28", "text": "of Noot if you have that card in your"}, {"end": "00:09:35", "start": "00:09:30", "text": "hand. But it's up to you, man. Oh,"}, {"end": "00:09:35", "start": "00:09:31", "text": "opponent passes."}, {"end": "00:09:40", "start": "00:09:35", "text": "You You're working hard for your points"}, {"end": "00:09:42", "start": "00:09:37", "text": "here. You deserve it."}, {"end": "00:09:43", "start": "00:09:40", "text": "See, that is my problem. Um, no matter"}, {"end": "00:09:46", "start": "00:09:42", "text": "how many cards I draw, I keep on getting"}, {"end": "00:09:47", "start": "00:09:43", "text": "combat, you know, cards. And it's, uh, I"}, {"end": "00:09:51", "start": "00:09:46", "text": "have not had a lot of luck drawing any"}, {"end": "00:09:53", "start": "00:09:47", "text": "others. So, um, I'm not sure where that"}, {"end": "00:09:55", "start": "00:09:51", "text": "card goes. So, I'm going to discard"}, {"end": "00:09:58", "start": "00:09:53", "text": "that. Or what that actually does. Oh, I"}, {"end": "00:10:00", "start": "00:09:55", "text": "didn't even mean to do that, but it's"}, {"end": "00:10:03", "start": "00:09:58", "text": "okay. I like my cards."}, {"end": "00:10:05", "start": "00:10:00", "text": "I actually just hit I'm done by accident"}, {"end": "00:10:09", "start": "00:10:03", "text": "with only discarding one card, but it's"}, {"end": "00:10:09", "start": "00:10:05", "text": "all right cuz I like my cards."}, {"end": "00:10:21", "start": "00:10:17", "text": "So that's a cool one. So"}, {"end": "00:10:25", "start": "00:10:19", "text": "says deploy opponents skim one power"}, {"end": "00:10:27", "start": "00:10:21", "text": "from any industrial structure per turn."}, {"end": "00:10:29", "start": "00:10:25", "text": "Yeah, that's basically cancels my claim"}, {"end": "00:10:30", "start": "00:10:27", "text": "stake."}, {"end": "00:10:32", "start": "00:10:29", "text": "Although I didn't get a point on the"}, {"end": "00:10:34", "start": "00:10:30", "text": "board yet. So we'll see."}, {"end": "00:10:37", "start": "00:10:32", "text": "Oh, there it is. So we just saw that I"}, {"end": "00:10:38", "start": "00:10:34", "text": "got that one point. So that is a rainbow"}, {"end": "00:10:40", "start": "00:10:37", "text": "m a medium ship. So, that doesn't have"}, {"end": "00:10:42", "start": "00:10:38", "text": "any special powers. It doesn't look"}, {"end": "00:10:45", "start": "00:10:40", "text": "like, which I'm surprised. It's a"}, {"end": "00:10:48", "start": "00:10:42", "text": "rainbow. Those are some pretty special"}, {"end": "00:10:49", "start": "00:10:45", "text": "ships, man."}, {"end": "00:10:52", "start": "00:10:48", "text": "All right. And I am going to continue"}, {"end": "00:10:55", "start": "00:10:49", "text": "with some industrial zone goodness right"}, {"end": "00:10:58", "start": "00:10:52", "text": "here. The Atmo Harvester."}, {"end": "00:11:00", "start": "00:10:55", "text": "This gets two points per turn. Very"}, {"end": "00:11:01", "start": "00:10:58", "text": "similar to the claim stake. It's the"}, {"end": "00:11:04", "start": "00:11:00", "text": "first time I've ever had that card,"}, {"end": "00:11:04", "start": "00:11:01", "text": "actually."}, {"end": "00:11:16", "start": "00:11:10", "text": "Oo,"}, {"end": "00:11:21", "start": "00:11:12", "text": "big old points right there."}, {"end": "00:11:21", "start": "00:11:16", "text": "Plus one power to your immediate life."}, {"end": "00:11:34", "start": "00:11:29", "text": "I didn't have any more in my reserve, so"}, {"end": "00:11:38", "start": "00:11:31", "text": "it was just a single"}, {"end": "00:11:38", "start": "00:11:34", "text": "single ship there."}, {"end": "00:11:53", "start": "00:11:50", "text": "[Music]"}, {"end": "00:11:59", "start": "00:11:54", "text": "I'm nervous with what uh what Jose's got"}, {"end": "00:11:59", "start": "00:11:56", "text": "up his sleeve."}, {"end": "00:12:06", "start": "00:12:00", "text": "They probably hear me breathing like"}, {"end": "00:12:06", "start": "00:12:02", "text": "breathing hard on the mic right now."}, {"end": "00:12:15", "start": "00:12:07", "text": "He's got four cards to my two."}, {"end": "00:12:21", "start": "00:12:10", "text": "Sammy Banks versus Sammy Banks."}, {"end": "00:12:21", "start": "00:12:15", "text": "All right. You may like this one."}, {"end": "00:12:25", "start": "00:12:21", "text": "Bam."}, {"end": "00:12:27", "start": "00:12:24", "text": "Oh, I thought that's the one. Oh, that's"}, {"end": "00:12:28", "start": "00:12:25", "text": "not the right one. which is the one that"}, {"end": "00:12:31", "start": "00:12:27", "text": "you play that actually brought all my"}, {"end": "00:12:35", "start": "00:12:28", "text": "cards down to one. Um the asteroid just"}, {"end": "00:12:35", "start": "00:12:31", "text": "actually takes up a spot."}, {"end": "00:12:41", "start": "00:12:35", "text": "[Music]"}, {"end": "00:12:41", "start": "00:12:37", "text": "I'm getting slaughtered."}, {"end": "00:12:54", "start": "00:12:49", "text": "I don't I can't do anything. I lost this"}, {"end": "00:12:56", "start": "00:12:51", "text": "round."}, {"end": "00:12:58", "start": "00:12:54", "text": "It was a really good round."}, {"end": "00:13:02", "start": "00:12:56", "text": "[Laughter]"}, {"end": "00:13:05", "start": "00:12:58", "text": "33 to 25. I love how it says imagine"}, {"end": "00:13:08", "start": "00:13:02", "text": "some super cool animation right there."}, {"end": "00:13:08", "start": "00:13:05", "text": "All right."}, {"end": "00:13:24", "start": "00:13:20", "text": "So, this is it guys. There's only three"}, {"end": "00:13:27", "start": "00:13:21", "text": "rounds and correct, right? Yeah, there's"}, {"end": "00:13:30", "start": "00:13:24", "text": "only three rounds and uh so it's"}, {"end": "00:13:34", "start": "00:13:27", "text": "this is for the entire game. Who is"}, {"end": "00:13:34", "start": "00:13:30", "text": "going to reign supreme right here?"}, {"end": "00:13:45", "start": "00:13:39", "text": "I am going to I'm crushing those just"}, {"end": "00:13:47", "start": "00:13:41", "text": "cuz I couldn't get rid of that card."}, {"end": "00:13:49", "start": "00:13:45", "text": "Man, that was that was good for me what"}, {"end": "00:13:50", "start": "00:13:47", "text": "you did right now"}, {"end": "00:13:52", "start": "00:13:49", "text": "cuz I was getting two point or three"}, {"end": "00:13:57", "start": "00:13:50", "text": "point. Right. I was getting two points."}, {"end": "00:13:59", "start": "00:13:52", "text": "Yeah, exactly. Ah, see I am not"}, {"end": "00:14:03", "start": "00:13:57", "text": "thinking properly here."}, {"end": "00:14:03", "start": "00:13:59", "text": "Oh, that's a really good one."}, {"end": "00:14:24", "start": "00:14:20", "text": "Going for points on the board here."}, {"end": "00:14:37", "start": "00:14:33", "text": "My last card, guys."}, {"end": "00:14:42", "start": "00:14:37", "text": "Sheesh."}, {"end": "00:14:44", "start": "00:14:38", "text": "15 to two."}, {"end": "00:14:49", "start": "00:14:42", "text": "Oh, this is a cool card. So, that's a"}, {"end": "00:14:49", "start": "00:14:44", "text": "hero card, right? That"}, {"end": "00:14:58", "start": "00:14:54", "text": "I'm nervous, Jose. I'm nervous."}, {"end": "00:15:09", "start": "00:15:05", "text": "Congrats, man."}, {"end": "00:15:10", "start": "00:15:07", "text": "Yeah,"}, {"end": "00:15:12", "start": "00:15:09", "text": "victory."}, {"end": "00:15:14", "start": "00:15:10", "text": "It was a good one."}, {"end": "00:15:17", "start": "00:15:12", "text": "Apparently, I chose the uh the correct"}, {"end": "00:15:18", "start": "00:15:14", "text": "one to botch my recording with. So, like"}, {"end": "00:15:21", "start": "00:15:17", "text": "I said before, just I just had we"}, {"end": "00:15:23", "start": "00:15:18", "text": "actually played a game. He he smoked me."}, {"end": "00:15:24", "start": "00:15:21", "text": "He killed me and for for whatever I"}, {"end": "00:15:26", "start": "00:15:23", "text": "screwed up my recording and the game"}, {"end": "00:15:27", "start": "00:15:24", "text": "didn't, you know, I didn't get the"}, {"end": "00:15:29", "start": "00:15:26", "text": "recording of it and uh so we had to play"}, {"end": "00:15:31", "start": "00:15:27", "text": "one more time."}, {"end": "00:15:34", "start": "00:15:29", "text": "N you won fair and square this one."}, {"end": "00:15:36", "start": "00:15:31", "text": "Congratulations, man. Well played,"}, {"end": "00:15:38", "start": "00:15:34", "text": "man. Thank you so much for doing this uh"}, {"end": "00:15:39", "start": "00:15:36", "text": "with me, man. Thank you so much, Aphia."}, {"end": "00:15:42", "start": "00:15:38", "text": "You know, Funcracker reaching out uh"}, {"end": "00:15:44", "start": "00:15:39", "text": "getting us together. Um and"}, {"end": "00:15:46", "start": "00:15:42", "text": "congratulations, Aphia, on four years of"}, {"end": "00:15:47", "start": "00:15:44", "text": "being a guild. super strong. Um,"}, {"end": "00:15:49", "start": "00:15:46", "text": "everything that APA does with the"}, {"end": "00:15:52", "start": "00:15:47", "text": "community, you know, for the community,"}, {"end": "00:15:55", "start": "00:15:49", "text": "um, is amazing. So, you know, much love"}, {"end": "00:15:58", "start": "00:15:52", "text": "to them. Um, what do you say, Jose?"}, {"end": "00:16:00", "start": "00:15:55", "text": "Yeah. No, man. The game is magnific. I"}, {"end": "00:16:03", "start": "00:15:58", "text": "had a lot of fun playing it, testing it."}, {"end": "00:16:05", "start": "00:16:00", "text": "You guys will see how strategic it is by"}, {"end": "00:16:08", "start": "00:16:03", "text": "playing. I can't wait until this become"}, {"end": "00:16:10", "start": "00:16:05", "text": "public dominion. Congratulations if"}, {"end": "00:16:11", "start": "00:16:08", "text": "everyone involved in the cataclysm and"}, {"end": "00:16:13", "start": "00:16:10", "text": "everything that you guys have been"}, {"end": "00:16:16", "start": "00:16:11", "text": "cooking. I'm super proud of the work"}, {"end": "00:16:18", "start": "00:16:13", "text": "here and yeah man, congrats. It's a"}, {"end": "00:16:21", "start": "00:16:16", "text": "great game. Super exciting, super fun,"}, {"end": "00:16:24", "start": "00:16:18", "text": "super strategic. We had a blast playing"}, {"end": "00:16:26", "start": "00:16:21", "text": "and I uh I have to say, you know, I I"}, {"end": "00:16:28", "start": "00:16:24", "text": "already told you uh in in the botch"}, {"end": "00:16:30", "start": "00:16:26", "text": "recording, but man, I love all the lore"}, {"end": "00:16:31", "start": "00:16:28", "text": "that you have been putting out,"}, {"end": "00:16:33", "start": "00:16:30", "text": "everything that is just it's, you know,"}, {"end": "00:16:36", "start": "00:16:31", "text": "stuff has been coming at us so much"}, {"end": "00:16:38", "start": "00:16:33", "text": "faster this past year. And um you know,"}, {"end": "00:16:39", "start": "00:16:36", "text": "I'm a huge fan of actually, you know,"}, {"end": "00:16:41", "start": "00:16:38", "text": "the story behind the story of what's"}, {"end": "00:16:43", "start": "00:16:39", "text": "going on in Star Atlas. So, uh, without"}, {"end": "00:16:44", "start": "00:16:41", "text": "the lore, I feel like, you know, the"}, {"end": "00:16:46", "start": "00:16:43", "text": "game is just an empty shell. So, thank"}, {"end": "00:16:49", "start": "00:16:44", "text": "you for everything that you do, man. I"}, {"end": "00:16:51", "start": "00:16:46", "text": "love it. Absolutely phenomenal stuff."}, {"end": "00:16:54", "start": "00:16:49", "text": "Thank you and all your work you do for"}, {"end": "00:16:56", "start": "00:16:51", "text": "Star Atlas, for this community, for this"}, {"end": "00:16:59", "start": "00:16:54", "text": "franchise. You You have been hawking"}, {"end": "00:17:01", "start": "00:16:56", "text": "you, your son, and we couldn't be more"}, {"end": "00:17:03", "start": "00:16:59", "text": "happy to have someone so dedicated to"}, {"end": "00:17:06", "start": "00:17:01", "text": "expanding Stratos and creating content."}, {"end": "00:17:08", "start": "00:17:03", "text": "It's a pleasure to be here and I'm very"}, {"end": "00:17:10", "start": "00:17:06", "text": "glad I got to play with you here even"}, {"end": "00:17:13", "start": "00:17:08", "text": "though I lost this last round, but it is"}, {"end": "00:17:13", "start": "00:17:10", "text": "what it is,"}, {"end": "00:17:20", "start": "00:17:14", "text": "man. Yeah. So, guys, man, um we're all"}, {"end": "00:17:22", "start": "00:17:17", "text": "excited um for what's coming up in Star"}, {"end": "00:17:24", "start": "00:17:20", "text": "Atlas Summer. So, everyone hang tight."}, {"end": "00:17:26", "start": "00:17:22", "text": "I'm sure that there is going to be so"}, {"end": "00:17:27", "start": "00:17:24", "text": "many awesome, you know, like things and"}, {"end": "00:17:29", "start": "00:17:26", "text": "events and stuff like that that we're"}, {"end": "00:17:31", "start": "00:17:27", "text": "going to be recording in the future. I"}, {"end": "00:17:32", "start": "00:17:29", "text": "can't wait. I don't know anything. I"}, {"end": "00:17:34", "start": "00:17:31", "text": "couldn't get anything out of Jose yet."}, {"end": "00:17:35", "start": "00:17:32", "text": "So, I have to wait with you guys, but uh"}, {"end": "00:17:37", "start": "00:17:34", "text": "you know, from what he told me, we're"}, {"end": "00:17:39", "start": "00:17:35", "text": "going to be pretty excited, right?"}, {"end": "00:17:41", "start": "00:17:37", "text": "Absolutely. It's going to be a lot of"}, {"end": "00:17:43", "start": "00:17:39", "text": "fun. Make sure to be here and be with us"}, {"end": "00:17:45", "start": "00:17:41", "text": "during the community carnival. Get some"}, {"end": "00:17:47", "start": "00:17:43", "text": "prizes. Come have fun with us. Play lots"}, {"end": "00:17:48", "start": "00:17:45", "text": "of games. It's going to be super"}, {"end": "00:17:50", "start": "00:17:47", "text": "exciting."}, {"end": "00:17:51", "start": "00:17:48", "text": "Awesome, man. Get some rest and I know"}, {"end": "00:17:53", "start": "00:17:50", "text": "you have a lot of work ahead of you"}, {"end": "00:17:55", "start": "00:17:51", "text": "before Star Atlas summer begins. So,"}, {"end": "00:17:57", "start": "00:17:53", "text": "guys, thank you so much for watching."}, {"end": "00:17:58", "start": "00:17:55", "text": "Love you all. Congratulations, APIA."}, {"end": "00:18:00", "start": "00:17:57", "text": "Thank you, Jose. We'll talk to you"}, {"end": "00:18:02", "start": "00:17:58", "text": "later."}, {"end": "00:18:04", "start": "00:18:00", "text": "Thank you, everyone. See you around."}, {"end": "00:18:05", "start": "00:18:02", "text": "And guys, uh I just want to end this"}, {"end": "00:18:08", "start": "00:18:04", "text": "video and say, man, if you are"}, {"end": "00:18:10", "start": "00:18:05", "text": "interested in the Aphia Guild, um I have"}, {"end": "00:18:11", "start": "00:18:08", "text": "no affiliation. I do not belong to any"}, {"end": "00:18:14", "start": "00:18:10", "text": "guilds, but this is one of the best out"}, {"end": "00:18:17", "start": "00:18:11", "text": "there. And you can find them on um X"}, {"end": "00:18:18", "start": "00:18:14", "text": "right here. It is AIA. That's it. AIA."}, {"end": "00:18:20", "start": "00:18:17", "text": "You can find them on X. You can join"}, {"end": "00:18:22", "start": "00:18:18", "text": "their Discord, ask questions if you are"}, {"end": "00:18:23", "start": "00:18:20", "text": "looking for a guild. Um they they do so"}, {"end": "00:18:25", "start": "00:18:22", "text": "many great things for the community. I"}, {"end": "00:18:26", "start": "00:18:23", "text": "mentioned before um like look at this."}, {"end": "00:18:28", "start": "00:18:25", "text": "They put out this amazing holo sim game,"}, {"end": "00:18:29", "start": "00:18:26", "text": "one of the browser based games for Star"}, {"end": "00:18:31", "start": "00:18:28", "text": "Atlas, and they put out a weekly"}, {"end": "00:18:33", "start": "00:18:29", "text": "newsletter uh written by Funcracker. Um"}, {"end": "00:18:35", "start": "00:18:31", "text": "that's just chalk full of information, a"}, {"end": "00:18:36", "start": "00:18:33", "text": "lot of stuff that you might miss if you"}, {"end": "00:18:40", "start": "00:18:35", "text": "are like me and not on Discord all the"}, {"end": "00:18:42", "start": "00:18:36", "text": "time. Um it is uh you know, it's a great"}, {"end": "00:18:43", "start": "00:18:40", "text": "guild and they they're just a pillar of"}, {"end": "00:18:45", "start": "00:18:42", "text": "the community. So, I just want to throw"}, {"end": "00:18:47", "start": "00:18:43", "text": "that out there at the end of the video."}, {"end": "00:18:50", "start": "00:18:45", "text": "Um yeah, love you guys all. I'll talk to"}, {"end": "00:18:50", "start": "00:18:47", "text": "you later. Bye."}, {"end": "00:18:54", "start": "00:18:51", "text": "Heat. Heat."}]

[{"end": "00:00:05", "start": "00:00:00", "text": "Yo, what's up, captains and cadets? It's"}, {"end": "00:00:07", "start": "00:00:02", "text": "episode two of the whole entire Holo Sim"}, {"end": "00:00:08", "start": "00:00:05", "text": "storyline playthrough. I'm recording"}, {"end": "00:00:10", "start": "00:00:07", "text": "everything. I'm reading all the lore"}, {"end": "00:00:11", "start": "00:00:08", "text": "because I don't want, you know, this to,"}, {"end": "00:00:13", "start": "00:00:10", "text": "you know, disappear forever. I want this"}, {"end": "00:00:15", "start": "00:00:11", "text": "to be, you know, recorded for posterity"}, {"end": "00:00:16", "start": "00:00:13", "text": "sake. Um, so you're welcome to skip"}, {"end": "00:00:18", "start": "00:00:15", "text": "through the lore if you want and just"}, {"end": "00:00:19", "start": "00:00:16", "text": "watch the, you know, gameplay, but, you"}, {"end": "00:00:21", "start": "00:00:18", "text": "know, I really think the lore is awesome"}, {"end": "00:00:22", "start": "00:00:19", "text": "and I think it's, you know, totally"}, {"end": "00:00:24", "start": "00:00:21", "text": "worth a listen, you know. So, you know,"}, {"end": "00:00:25", "start": "00:00:22", "text": "sit back, do something on your computer,"}, {"end": "00:00:27", "start": "00:00:24", "text": "have this playing in the background,"}, {"end": "00:00:31", "start": "00:00:25", "text": "really, you know, check it out and"}, {"end": "00:00:31", "start": "00:00:27", "text": "absorb everything. Enjoy, man."}, {"end": "00:00:47", "start": "00:00:43", "text": "Yo, what's up muds, Onies, and anyone"}, {"end": "00:00:49", "start": "00:00:45", "text": "that is new to Star Atlas. This is my"}, {"end": "00:00:51", "start": "00:00:47", "text": "fourth Holo Sim video. I did two"}, {"end": "00:00:54", "start": "00:00:49", "text": "tutorial videos, but this is my second"}, {"end": "00:00:57", "start": "00:00:51", "text": "playthrough of the story line. And the"}, {"end": "00:01:00", "start": "00:00:54", "text": "last that we played, we did a mission"}, {"end": "00:01:03", "start": "00:00:57", "text": "where we dropped two crew members off in"}, {"end": "00:01:06", "start": "00:01:00", "text": "the medium risk zone. So now we are on"}, {"end": "00:01:08", "start": "00:01:03", "text": "the next quest, and it is making new"}, {"end": "00:01:11", "start": "00:01:06", "text": "friends. Let's check out what Sage has"}, {"end": "00:01:13", "start": "00:01:08", "text": "to say to us for this one."}, {"end": "00:01:14", "start": "00:01:11", "text": ">> The metal door groaned as it opened,"}, {"end": "00:01:16", "start": "00:01:13", "text": "revealing a dimly lit chamber deep"}, {"end": "00:01:18", "start": "00:01:14", "text": "within the Starbase's restricted wing."}, {"end": "00:01:20", "start": "00:01:16", "text": "You and your two crew step in, boots"}, {"end": "00:01:23", "start": "00:01:18", "text": "echoing against steel floors, polished"}, {"end": "00:01:25", "start": "00:01:20", "text": "by routine, not vanity. The air is"}, {"end": "00:01:27", "start": "00:01:23", "text": "cooler here, heavier somehow, as if the"}, {"end": "00:01:30", "start": "00:01:25", "text": "room itself was holding its breath. At"}, {"end": "00:01:31", "start": "00:01:27", "text": "the center stands a blue-eyed man, tall,"}, {"end": "00:01:33", "start": "00:01:30", "text": "broad-shouldered, wrapped in a coat"}, {"end": "00:01:35", "start": "00:01:31", "text": "bearing the stylized sigil of Fimble"}, {"end": "00:01:38", "start": "00:01:33", "text": "Industries. His face is weathered,"}, {"end": "00:01:39", "start": "00:01:35", "text": "stern, but not unkind, with strands of"}, {"end": "00:01:41", "start": "00:01:38", "text": "silver streaking his otherwise dark"}, {"end": "00:01:43", "start": "00:01:39", "text": "hair. His eyes lock onto you the moment"}, {"end": "00:01:45", "start": "00:01:41", "text": "you cross the threshold. I wasn't sure"}, {"end": "00:01:47", "start": "00:01:43", "text": "you'd come, he said plainly. He studies"}, {"end": "00:01:51", "start": "00:01:45", "text": "you for a moment longer, then nods"}, {"end": "00:01:54", "start": "00:01:47", "text": "toward a table. But you did and with"}, {"end": "00:01:56", "start": "00:01:51", "text": "backup. Smart. You follow his gesture"}, {"end": "00:01:57", "start": "00:01:54", "text": "and sit. He remains standing for a beat,"}, {"end": "00:02:00", "start": "00:01:56", "text": "measuring you like a commander before a"}, {"end": "00:02:02", "start": "00:01:57", "text": "decisive campaign. My name is Verton. I"}, {"end": "00:02:04", "start": "00:02:00", "text": "lead Fimble Industries now. And we build"}, {"end": "00:02:06", "start": "00:02:02", "text": "ships so the people out there wouldn't"}, {"end": "00:02:08", "start": "00:02:04", "text": "have to beg the core worlds for"}, {"end": "00:02:09", "start": "00:02:06", "text": "protection. He finally takes his seat"}, {"end": "00:02:11", "start": "00:02:08", "text": "across from you. A faint trace of"}, {"end": "00:02:13", "start": "00:02:09", "text": "admiration creeps into his voice. I saw"}, {"end": "00:02:15", "start": "00:02:11", "text": "what you did. That supply run to the"}, {"end": "00:02:18", "start": "00:02:13", "text": "outer stations. You didn't have to do"}, {"end": "00:02:20", "start": "00:02:15", "text": "it. And yet you did. That caught my"}, {"end": "00:02:22", "start": "00:02:18", "text": "attention. You say nothing, but your"}, {"end": "00:02:24", "start": "00:02:20", "text": "silence speaks for you. The man across"}, {"end": "00:02:27", "start": "00:02:22", "text": "the table isn't here to flatter. He"}, {"end": "00:02:29", "start": "00:02:24", "text": "shifts, producing a handheld device from"}, {"end": "00:02:31", "start": "00:02:27", "text": "his coat. With a flick of his thumb, a"}, {"end": "00:02:34", "start": "00:02:29", "text": "hollow projection flares to life between"}, {"end": "00:02:36", "start": "00:02:31", "text": "you and roots and manifests. Nodes"}, {"end": "00:02:39", "start": "00:02:34", "text": "blinking red. These stations are on the"}, {"end": "00:02:41", "start": "00:02:36", "text": "brink. He continues, \"We're trying to"}, {"end": "00:02:42", "start": "00:02:39", "text": "reinforce local governments. Give them"}, {"end": "00:02:44", "start": "00:02:41", "text": "what they need to stand, but we're short"}, {"end": "00:02:46", "start": "00:02:42", "text": "on structure. What we need are"}, {"end": "00:02:49", "start": "00:02:44", "text": "frameworks. Simple, sturdy, ready to"}, {"end": "00:02:50", "start": "00:02:46", "text": "deploy. He meets your gaze. I want to"}, {"end": "00:02:52", "start": "00:02:49", "text": "believe you're more than just another"}, {"end": "00:02:55", "start": "00:02:50", "text": "warh hardened freelancer chasing"}, {"end": "00:02:57", "start": "00:02:52", "text": "contracts. But belief comes after proof."}, {"end": "00:03:00", "start": "00:02:55", "text": "The words settle, weighty, and"}, {"end": "00:03:02", "start": "00:02:57", "text": "deliberate. Deliver 225 frameworks."}, {"end": "00:03:04", "start": "00:03:00", "text": "That's what we need. Show me you can"}, {"end": "00:03:06", "start": "00:03:02", "text": "move weight, coordinate logistics, do"}, {"end": "00:03:08", "start": "00:03:04", "text": "more than fire weapons and mine rocks."}, {"end": "00:03:10", "start": "00:03:06", "text": "Show me I can trust you. Then I'll show"}, {"end": "00:03:13", "start": "00:03:08", "text": "you you can trust me. The air between"}, {"end": "00:03:15", "start": "00:03:10", "text": "you sharpens with tension. You catch a"}, {"end": "00:03:17", "start": "00:03:13", "text": "flicker of concern in your crews eyes"}, {"end": "00:03:20", "start": "00:03:15", "text": "and in your ear. Sage's voice crackles"}, {"end": "00:03:22", "start": "00:03:17", "text": "through the calm, low and skeptical."}, {"end": "00:03:24", "start": "00:03:20", "text": "This feels off. Who tracks us across"}, {"end": "00:03:27", "start": "00:03:22", "text": "sectors, then hands out trust tests like"}, {"end": "00:03:29", "start": "00:03:24", "text": "this. I don't like it, Captain. And I"}, {"end": "00:03:31", "start": "00:03:27", "text": "don't trust him. You don't respond to"}, {"end": "00:03:34", "start": "00:03:29", "text": "her. Not yet. The man across from you"}, {"end": "00:03:37", "start": "00:03:31", "text": "waits calm and steady. So you give him a"}, {"end": "00:03:39", "start": "00:03:34", "text": "slow nod. If that's the cost of trust,"}, {"end": "00:03:41", "start": "00:03:37", "text": "you say. Then I'll pay it. Furton,"}, {"end": "00:03:43", "start": "00:03:39", "text": "though he never told you his name again,"}, {"end": "00:03:46", "start": "00:03:41", "text": "smiles faintly, then leans back in his"}, {"end": "00:03:47", "start": "00:03:43", "text": "chair. Good. I hoped you'd say that. He"}, {"end": "00:03:49", "start": "00:03:46", "text": "slides the data pad across the table"}, {"end": "00:03:52", "start": "00:03:47", "text": "toward you. Deliver them to our forward"}, {"end": "00:03:55", "start": "00:03:49", "text": "depot in the nearby medium zone. My"}, {"end": "00:03:57", "start": "00:03:52", "text": "people will be watching. As you rise,"}, {"end": "00:04:00", "start": "00:03:55", "text": "turning back toward the hall. Sage's"}, {"end": "00:04:02", "start": "00:03:57", "text": "voice returns dry and resigned. You"}, {"end": "00:04:05", "start": "00:04:00", "text": "always make things harder for yourself,"}, {"end": "00:04:07", "start": "00:04:02", "text": "don't you? You grin as you walk. Only"}, {"end": "00:04:10", "start": "00:04:05", "text": "when it's worth it."}, {"end": "00:04:12", "start": "00:04:07", "text": ">> All right. So, thank you so much, space"}, {"end": "00:04:14", "start": "00:04:10", "text": "girl friend. And my next line of work is"}, {"end": "00:04:16", "start": "00:04:12", "text": "to craft framework. So, how much do I"}, {"end": "00:04:19", "start": "00:04:14", "text": "got to do? 2025."}, {"end": "00:04:21", "start": "00:04:16", "text": "Um hopefully I have enough iron to do"}, {"end": "00:04:24", "start": "00:04:19", "text": "that. If not, I have to craft iron ore"}, {"end": "00:04:26", "start": "00:04:21", "text": "into framework. So, let's check it out."}, {"end": "00:04:31", "start": "00:04:24", "text": "Um I have a current job that's all done."}, {"end": "00:04:33", "start": "00:04:26", "text": "We'll collect that ammo. Craft workshop"}, {"end": "00:04:36", "start": "00:04:31", "text": "framework."}, {"end": "00:04:40", "start": "00:04:33", "text": "All right. 2,25."}, {"end": "00:04:42", "start": "00:04:36", "text": "Looks like I am good to go. What do I"}, {"end": "00:04:47", "start": "00:04:40", "text": "got? 216"}, {"end": "00:04:49", "start": "00:04:42", "text": "dudes. 20 seconds. Nice. All right, so"}, {"end": "00:04:52", "start": "00:04:47", "text": "we will collect that and let's see if"}, {"end": "00:04:54", "start": "00:04:49", "text": "that worked. It looks like it did. So,"}, {"end": "00:04:58", "start": "00:04:52", "text": "let's go back to our mission. Claim our"}, {"end": "00:05:01", "start": "00:04:54", "text": "reward. 105,000 XP. All right. So, I'm"}, {"end": "00:05:02", "start": "00:04:58", "text": "level 19 and global rank 196. And I"}, {"end": "00:05:05", "start": "00:05:01", "text": "notice sometimes you have to actually"}, {"end": "00:05:06", "start": "00:05:02", "text": "kind of do a re um reset on your browser"}, {"end": "00:05:08", "start": "00:05:05", "text": "page for your uh global rank to go up."}, {"end": "00:05:10", "start": "00:05:06", "text": "So, um as we do it, if you don't see it"}, {"end": "00:05:12", "start": "00:05:08", "text": "go up, that could be why. Um but at"}, {"end": "00:05:15", "start": "00:05:10", "text": "least I'm in the top 200. I'm excited"}, {"end": "00:05:18", "start": "00:05:12", "text": "about that. Um, our next one. Let's see"}, {"end": "00:05:19", "start": "00:05:15", "text": "what this is all about. Craft 540"}, {"end": "00:05:22", "start": "00:05:18", "text": "electronics. Here we go. What's the"}, {"end": "00:05:24", "start": "00:05:19", "text": "story line? Oh, do we? Oh, we can't"}, {"end": "00:05:25", "start": "00:05:22", "text": "listen to this one. All right, I'll"}, {"end": "00:05:27", "start": "00:05:24", "text": "blast through it. I'll read it myself."}, {"end": "00:05:30", "start": "00:05:25", "text": "It says, \"The last creative framework"}, {"end": "00:05:32", "start": "00:05:27", "text": "slides into place, blocking with a quiet"}, {"end": "00:05:34", "start": "00:05:30", "text": "click. You lean back, waiting for the"}, {"end": "00:05:36", "start": "00:05:32", "text": "familiar chime of mission success, but"}, {"end": "00:05:39", "start": "00:05:34", "text": "the hanger remains quiet. Too quiet.\""}, {"end": "00:05:41", "start": "00:05:36", "text": "Just as you you are starting to wonder,"}, {"end": "00:05:44", "start": "00:05:39", "text": "a message flickers into view. It's from"}, {"end": "00:05:45", "start": "00:05:41", "text": "Verton. He writes, \"Captain, I asked I"}, {"end": "00:05:48", "start": "00:05:44", "text": "ask you I ask that you hold the"}, {"end": "00:05:50", "start": "00:05:45", "text": "frameworks for now. We're working on the"}, {"end": "00:05:52", "start": "00:05:48", "text": "logistics. Compensation will follow."}, {"end": "00:05:54", "start": "00:05:50", "text": "You'll receive a payment to cover your"}, {"end": "00:05:55", "start": "00:05:52", "text": "efforts. You check the amount. It barely"}, {"end": "00:05:58", "start": "00:05:54", "text": "scrapes above the minimum production"}, {"end": "00:06:01", "start": "00:05:55", "text": "cost.\" Sage immediately speaks up, her"}, {"end": "00:06:05", "start": "00:05:58", "text": "tone clipped. So, he wants to use you as"}, {"end": "00:06:07", "start": "00:06:01", "text": "a warehouse and and toss you a token for"}, {"end": "00:06:10", "start": "00:06:05", "text": "your troubles. Helping people is noble,"}, {"end": "00:06:13", "start": "00:06:07", "text": "Captain. But running a charity mid"}, {"end": "00:06:15", "start": "00:06:10", "text": "scenario, that's just not efficient."}, {"end": "00:06:17", "start": "00:06:13", "text": "It's reckless. You exhale slowly. Eyes"}, {"end": "00:06:20", "start": "00:06:15", "text": "still on the message. I heard the real"}, {"end": "00:06:22", "start": "00:06:17", "text": "Verton speak once. He was respected."}, {"end": "00:06:25", "start": "00:06:20", "text": "Known for lifting people up instead of"}, {"end": "00:06:27", "start": "00:06:22", "text": "stepping on stepping on them. If this"}, {"end": "00:06:30", "start": "00:06:25", "text": "simulation version carries even a spark"}, {"end": "00:06:33", "start": "00:06:27", "text": "of that man, he'll honor his word. And"}, {"end": "00:06:36", "start": "00:06:30", "text": "if not, you'll you trail off. Sage lets"}, {"end": "00:06:38", "start": "00:06:33", "text": "out a sharp breath. clearly unconvinced."}, {"end": "00:06:41", "start": "00:06:36", "text": "You're putting all your hopes on a"}, {"end": "00:06:43", "start": "00:06:38", "text": "politician's PR campaign. Hollow Sim"}, {"end": "00:06:45", "start": "00:06:41", "text": "pulls in every scrap of public and"}, {"end": "00:06:47", "start": "00:06:43", "text": "private data to build these NPCs. If"}, {"end": "00:06:50", "start": "00:06:45", "text": "that Golden Boy reputation isn't real,"}, {"end": "00:06:52", "start": "00:06:47", "text": "you're trusting a mirage. Before you can"}, {"end": "00:06:54", "start": "00:06:50", "text": "answer, a second message arrives."}, {"end": "00:06:55", "start": "00:06:52", "text": "Another request from Verton. Captain,"}, {"end": "00:06:58", "start": "00:06:54", "text": "we're mobilizing support for a"}, {"end": "00:07:00", "start": "00:06:55", "text": "struggling midzone alliance. I need 540"}, {"end": "00:07:02", "start": "00:06:58", "text": "electronics and 600 power sources."}, {"end": "00:07:05", "start": "00:07:00", "text": "You've already shown your dedication. I"}, {"end": "00:07:07", "start": "00:07:02", "text": "know I can rely on you. You feel Sage"}, {"end": "00:07:09", "start": "00:07:05", "text": "shift beside you. The tone in her voice"}, {"end": "00:07:11", "start": "00:07:07", "text": "turning from disbelief to outright"}, {"end": "00:07:13", "start": "00:07:09", "text": "warning. Electronics and power sources."}, {"end": "00:07:15", "start": "00:07:11", "text": "That's not a small task. That's"}, {"end": "00:07:17", "start": "00:07:13", "text": "production scaling. Raw material runs"}, {"end": "00:07:19", "start": "00:07:15", "text": "fleet logistics. This will hit our"}, {"end": "00:07:22", "start": "00:07:17", "text": "reserves hard. You really want to do"}, {"end": "00:07:25", "start": "00:07:19", "text": "this? You hesitate for a moment. Then"}, {"end": "00:07:28", "start": "00:07:22", "text": "you nod. Yes. Set the job. We trust"}, {"end": "00:07:31", "start": "00:07:25", "text": "them. She mutters under her breath as"}, {"end": "00:07:33", "start": "00:07:28", "text": "she moves to carry out your order. When"}, {"end": "00:07:35", "start": "00:07:31", "text": "this blows up, I'm running a full"}, {"end": "00:07:39", "start": "00:07:33", "text": "diagnostic on your trust circuits. The"}, {"end": "00:07:41", "start": "00:07:35", "text": "screen updates. So, okay. So, 540"}, {"end": "00:07:43", "start": "00:07:39", "text": "electronics. Let's see what we need to"}, {"end": "00:07:45", "start": "00:07:41", "text": "do that. All right. So, for 540"}, {"end": "00:07:46", "start": "00:07:43", "text": "electronics, I need a bunch of copper"}, {"end": "00:07:49", "start": "00:07:45", "text": "and some polymer. I have all the polymer"}, {"end": "00:07:52", "start": "00:07:46", "text": "I need. I just have to um craft a whole"}, {"end": "00:07:53", "start": "00:07:49", "text": "bunch of copper. And um I must have just"}, {"end": "00:07:55", "start": "00:07:52", "text": "made ammo cuz I have no copper in my"}, {"end": "00:07:57", "start": "00:07:53", "text": "reserve. So, I'll just make that real"}, {"end": "00:07:59", "start": "00:07:55", "text": "fast."}, {"end": "00:08:02", "start": "00:07:57", "text": "Only 20 seconds. Not bad. All right,"}, {"end": "00:08:03", "start": "00:07:59", "text": "let's collect this copper. And now we go"}, {"end": "00:08:06", "start": "00:08:02", "text": "to craft workshop and we go to"}, {"end": "00:08:08", "start": "00:08:03", "text": "electronics."}, {"end": "00:08:12", "start": "00:08:06", "text": "There we go."}, {"end": "00:08:16", "start": "00:08:08", "text": "Oh, I don't need to do math. 540."}, {"end": "00:08:19", "start": "00:08:12", "text": "540. There we go."}, {"end": "00:08:21", "start": "00:08:16", "text": "216 soldiers. Crafting weight only takes"}, {"end": "00:08:24", "start": "00:08:19", "text": "6 seconds. This should be real, real"}, {"end": "00:08:26", "start": "00:08:21", "text": "quick, obviously."}, {"end": "00:08:28", "start": "00:08:24", "text": "There we go. Collect all that. And"}, {"end": "00:08:32", "start": "00:08:26", "text": "hopefully this fills Yep. Fills that up."}, {"end": "00:08:34", "start": "00:08:28", "text": "And now let's check. Oh no. Check in."}, {"end": "00:08:36", "start": "00:08:32", "text": "What the heck?"}, {"end": "00:08:38", "start": "00:08:34", "text": "Oh, okay. So, now it wants me to craft"}, {"end": "00:08:41", "start": "00:08:36", "text": "some power sources. All right. So, let's"}, {"end": "00:08:44", "start": "00:08:38", "text": "do that."}, {"end": "00:08:46", "start": "00:08:41", "text": "Here we go."}, {"end": "00:08:49", "start": "00:08:44", "text": "Power sources."}, {"end": "00:08:51", "start": "00:08:46", "text": "All right, we have some of our Let's"}, {"end": "00:08:53", "start": "00:08:49", "text": "see. 600. So, we have some of what we"}, {"end": "00:08:55", "start": "00:08:51", "text": "need. So, let's see if we have enough to"}, {"end": "00:08:58", "start": "00:08:53", "text": "do 600."}, {"end": "00:09:00", "start": "00:08:55", "text": "Looks like it. So, 216."}, {"end": "00:09:04", "start": "00:08:58", "text": "I'm glad I started like crafting some of"}, {"end": "00:09:08", "start": "00:09:00", "text": "the stuff uh in advance. So, here we go."}, {"end": "00:09:10", "start": "00:09:04", "text": "Real quick again. 6 seconds."}, {"end": "00:09:12", "start": "00:09:08", "text": "All right. Collect all completed items."}, {"end": "00:09:14", "start": "00:09:10", "text": "Nice. All right. So, probably have to"}, {"end": "00:09:17", "start": "00:09:12", "text": "check in again, it looks like. Nope."}, {"end": "00:09:21", "start": "00:09:14", "text": "Complete quest. Here we go, man. Woohoo."}, {"end": "00:09:23", "start": "00:09:17", "text": "Another 110,000 XP. 43 Atlas. Swing. All"}, {"end": "00:09:26", "start": "00:09:21", "text": "right. We're cruising right along now."}, {"end": "00:09:28", "start": "00:09:23", "text": "So, uh, deposit framework 1350. All"}, {"end": "00:09:29", "start": "00:09:26", "text": "right. So, Fimble asks you to help Oh,"}, {"end": "00:09:31", "start": "00:09:28", "text": "let's see if this is Yeah, I have to"}, {"end": "00:09:33", "start": "00:09:29", "text": "read this. Um, Fimble asks you to help"}, {"end": "00:09:35", "start": "00:09:31", "text": "them upgrade their Starbase. Go to the"}, {"end": "00:09:37", "start": "00:09:33", "text": "Starbase management tab on the Starbase"}, {"end": "00:09:40", "start": "00:09:35", "text": "crafting menu and deposit 1,350"}, {"end": "00:09:42", "start": "00:09:37", "text": "framework. Deposit 360 electronics and"}, {"end": "00:09:44", "start": "00:09:40", "text": "400 power sources. All right, so the"}, {"end": "00:09:45", "start": "00:09:42", "text": "mission says, \"The last crates of"}, {"end": "00:09:47", "start": "00:09:44", "text": "electronics and power sources are"}, {"end": "00:09:49", "start": "00:09:45", "text": "finally assembled. You barely have time"}, {"end": "00:09:51", "start": "00:09:47", "text": "to glance at the manifest before the"}, {"end": "00:09:54", "start": "00:09:49", "text": "fatigue washes over you. And then you"}, {"end": "00:09:56", "start": "00:09:51", "text": "notice in your crew too, they're slumped"}, {"end": "00:09:58", "start": "00:09:54", "text": "near the bulkheads. Uniforms stained"}, {"end": "00:10:00", "start": "00:09:56", "text": "with coolant and dust. Eyes red from"}, {"end": "00:10:02", "start": "00:09:58", "text": "lack of sleep. Crafting over a thousand"}, {"end": "00:10:04", "start": "00:10:00", "text": "advanced components with only extra"}, {"end": "00:10:06", "start": "00:10:02", "text": "small class vessels. Wasn't just"}, {"end": "00:10:09", "start": "00:10:04", "text": "logistically a logistic nightmare. It"}, {"end": "00:10:11", "start": "00:10:06", "text": "was a test of endurance. And every"}, {"end": "00:10:13", "start": "00:10:09", "text": "member of your team passed it. You're"}, {"end": "00:10:15", "start": "00:10:11", "text": "proud of them. And yet beneath their"}, {"end": "00:10:18", "start": "00:10:13", "text": "that pride, a seed of doubt gnaws your"}, {"end": "00:10:20", "start": "00:10:15", "text": "resolve. What if you were wrong about"}, {"end": "00:10:22", "start": "00:10:18", "text": "Verton? Sage enters the hanger at that"}, {"end": "00:10:24", "start": "00:10:20", "text": "moment, walking with rare sluggishness"}, {"end": "00:10:26", "start": "00:10:22", "text": "in her otherwise flawless gate. \"I've"}, {"end": "00:10:29", "start": "00:10:24", "text": "informed Verton and the Fimble Industry"}, {"end": "00:10:31", "start": "00:10:26", "text": "liaison of the component delivery,\" she"}, {"end": "00:10:33", "start": "00:10:29", "text": "announced, rubbing one temple as if"}, {"end": "00:10:36", "start": "00:10:31", "text": "trying to soothe a phantom headache."}, {"end": "00:10:38", "start": "00:10:33", "text": "\"You smirk. You look worse than the"}, {"end": "00:10:40", "start": "00:10:36", "text": "crew.\" She shoots you a look."}, {"end": "00:10:43", "start": "00:10:38", "text": "Apparently, Hollow Sim decided I should"}, {"end": "00:10:45", "start": "00:10:40", "text": "experience phys physical limitations for"}, {"end": "00:10:47", "start": "00:10:43", "text": "immersion. I've spent the last 4 hours"}, {"end": "00:10:50", "start": "00:10:45", "text": "optimizing drone delivery patterns and"}, {"end": "00:10:53", "start": "00:10:47", "text": "coordinating 23 fabrication loops. How"}, {"end": "00:10:56", "start": "00:10:50", "text": "do you materialbound organisms do this"}, {"end": "00:10:58", "start": "00:10:53", "text": "every day without system crashes? You"}, {"end": "00:11:01", "start": "00:10:56", "text": "chuckle, but the moment is cut short by"}, {"end": "00:11:03", "start": "00:10:58", "text": "the ping of a new message. Captain Vton"}, {"end": "00:11:05", "start": "00:11:01", "text": "writes, \"Your fleet's profession"}, {"end": "00:11:06", "start": "00:11:03", "text": "professionalism and efficiency have"}, {"end": "00:11:09", "start": "00:11:05", "text": "exceeded my expectations. The final"}, {"end": "00:11:11", "start": "00:11:06", "text": "stage is upon us. I've uploaded upgrade"}, {"end": "00:11:13", "start": "00:11:09", "text": "schematics using 1,350 of the frameworks"}, {"end": "00:11:15", "start": "00:11:11", "text": "you've stored alongside 360 electronics"}, {"end": "00:11:18", "start": "00:11:13", "text": "and 400 power sources. I want you to"}, {"end": "00:11:20", "start": "00:11:15", "text": "initiate the Starbase enhancements. This"}, {"end": "00:11:21", "start": "00:11:18", "text": "upgrade will serve the foundation of the"}, {"end": "00:11:24", "start": "00:11:20", "text": "new civilian infrastructure in the"}, {"end": "00:11:26", "start": "00:11:21", "text": "region. Sage reads the message and SL"}, {"end": "00:11:28", "start": "00:11:24", "text": "and size audibly. Your fleet is"}, {"end": "00:11:30", "start": "00:11:26", "text": "exhausted. This installation will be"}, {"end": "00:11:32", "start": "00:11:28", "text": "grueling. Let them rest. You nod. I"}, {"end": "00:11:34", "start": "00:11:30", "text": "wasn't planning on asking them. Before"}, {"end": "00:11:35", "start": "00:11:32", "text": "she can argue, you strip off your"}, {"end": "00:11:37", "start": "00:11:34", "text": "jacket, grab a crate, and head towards"}, {"end": "00:11:39", "start": "00:11:35", "text": "the construction scaffold. You're not"}, {"end": "00:11:42", "start": "00:11:37", "text": "even halfway there before Sage groans"}, {"end": "00:11:44", "start": "00:11:39", "text": "behind you. Oh, for the star Atlas's"}, {"end": "00:11:46", "start": "00:11:42", "text": "sake. Her voice is thick in theatrical"}, {"end": "00:11:48", "start": "00:11:44", "text": "dismay. The most advanced artificial"}, {"end": "00:11:51", "start": "00:11:46", "text": "intelligence in the galaxy, reduced to"}, {"end": "00:11:53", "start": "00:11:48", "text": "hauling virtual framework beams. If my"}, {"end": "00:11:55", "start": "00:11:51", "text": "mother could see this, she'd implode"}, {"end": "00:11:57", "start": "00:11:53", "text": "from secondhand shame. But she joins you"}, {"end": "00:11:59", "start": "00:11:55", "text": "anyway, grumbling as she lifts the"}, {"end": "00:12:01", "start": "00:11:57", "text": "container. Slowly, one by one, the crew"}, {"end": "00:12:03", "start": "00:11:59", "text": "members stir. No words are exchanged."}, {"end": "00:12:04", "start": "00:12:01", "text": "They simply stand, stretch, and begin"}, {"end": "00:12:06", "start": "00:12:03", "text": "moving. In minutes, the hanger"}, {"end": "00:12:09", "start": "00:12:04", "text": "transforms into a living machine again."}, {"end": "00:12:11", "start": "00:12:06", "text": "Tired, but united as you secure the"}, {"end": "00:12:13", "start": "00:12:09", "text": "first framework into place. You watch"}, {"end": "00:12:15", "start": "00:12:11", "text": "them. You didn't choose this crew. Holim"}, {"end": "00:12:17", "start": "00:12:13", "text": "assigned them. And yet, these strangers"}, {"end": "00:12:20", "start": "00:12:15", "text": "have become more something else. You"}, {"end": "00:12:22", "start": "00:12:17", "text": "wonder if once the situation ends,"}, {"end": "00:12:24", "start": "00:12:20", "text": "you'll be able to find them in the real"}, {"end": "00:12:27", "start": "00:12:22", "text": "Gallia. You wonder if they're if they're"}, {"end": "00:12:29", "start": "00:12:24", "text": "even real. And you wonder if Verton,"}, {"end": "00:12:31", "start": "00:12:27", "text": "wherever he may be, deserves the kind of"}, {"end": "00:12:33", "start": "00:12:29", "text": "loyalty your people are showing. You"}, {"end": "00:12:36", "start": "00:12:31", "text": "tighten the final seal. The star base"}, {"end": "00:12:38", "start": "00:12:33", "text": "glows as the systems begin to shift."}, {"end": "00:12:40", "start": "00:12:36", "text": "Let's hope it's worth it. All right, so"}, {"end": "00:12:42", "start": "00:12:38", "text": "we need to go to Starbase management,"}, {"end": "00:12:43", "start": "00:12:40", "text": "right? I've never actually done this. Is"}, {"end": "00:12:47", "start": "00:12:42", "text": "this under crafting? Yeah, base"}, {"end": "00:12:49", "start": "00:12:43", "text": "management, right? All right. Uh, I"}, {"end": "00:12:52", "start": "00:12:47", "text": "don't have the option to do frameworks."}, {"end": "00:12:54", "start": "00:12:49", "text": "Hm. Ah, if I go over to Kamk where my"}, {"end": "00:12:55", "start": "00:12:52", "text": "two crew members are. Um, I wonder if I"}, {"end": "00:12:57", "start": "00:12:54", "text": "was actually supposed to be doing"}, {"end": "00:12:59", "start": "00:12:55", "text": "everything over at that one base. Um,"}, {"end": "00:13:00", "start": "00:12:57", "text": "but I still got the points anyway. So,"}, {"end": "00:13:02", "start": "00:12:59", "text": "it looks like I can go to base"}, {"end": "00:13:04", "start": "00:13:00", "text": "management. It looks like I can do the"}, {"end": "00:13:06", "start": "00:13:02", "text": "framework, the power sources, and the"}, {"end": "00:13:08", "start": "00:13:04", "text": "electronics right over here. So, I guess"}, {"end": "00:13:10", "start": "00:13:06", "text": "I'll haul them over there. And uh yeah,"}, {"end": "00:13:11", "start": "00:13:08", "text": "and I'll talk to you guys in a bit once"}, {"end": "00:13:13", "start": "00:13:10", "text": "my ship gets there. So, well, first"}, {"end": "00:13:16", "start": "00:13:11", "text": "let's uh let's load up just in case you"}, {"end": "00:13:19", "start": "00:13:13", "text": "guys are wondering how to do so. I'm"}, {"end": "00:13:23", "start": "00:13:16", "text": "going to take um Ralph and Stanley back"}, {"end": "00:13:27", "start": "00:13:19", "text": "offline right here. Where are they?"}, {"end": "00:13:27", "start": "00:13:23", "text": "They are mining. So, I'll stop mining."}, {"end": "00:13:31", "start": "00:13:27", "text": "We are going to Oh, it looks like"}, {"end": "00:13:35", "start": "00:13:30", "text": "they're already docked. All right. So,"}, {"end": "00:13:39", "start": "00:13:31", "text": "let's go to our hanger."}, {"end": "00:13:39", "start": "00:13:35", "text": "We'll get rid of all this hydrogen"}, {"end": "00:13:48", "start": "00:13:40", "text": "and All right. Um, transfer. Let's see."}, {"end": "00:13:48", "start": "00:13:43", "text": "So, now we go to inventory and"}, {"end": "00:13:55", "start": "00:13:50", "text": "how many framework"}, {"end": "00:13:58", "start": "00:13:52", "text": "All right. 1350 framework. Here we go."}, {"end": "00:14:00", "start": "00:13:55", "text": "So 1350"}, {"end": "00:14:02", "start": "00:13:58", "text": "360"}, {"end": "00:14:05", "start": "00:14:00", "text": "of the electronics. So where's my"}, {"end": "00:14:07", "start": "00:14:02", "text": "electronics? Right here."}, {"end": "00:14:10", "start": "00:14:05", "text": "360"}, {"end": "00:14:13", "start": "00:14:07", "text": "and 400 power sources."}, {"end": "00:14:16", "start": "00:14:10", "text": "All right. So 1350 framework, 400 power"}, {"end": "00:14:18", "start": "00:14:13", "text": "sources, 360 electronics. We're going to"}, {"end": "00:14:21", "start": "00:14:16", "text": "choose our fleet and transfer to the"}, {"end": "00:14:23", "start": "00:14:18", "text": "fleet. There we go. Now we can undock"}, {"end": "00:14:26", "start": "00:14:21", "text": "our fleet. We got the cargo in the fleet"}, {"end": "00:14:29", "start": "00:14:23", "text": "and we'll X out of that for a sec. Let's"}, {"end": "00:14:31", "start": "00:14:26", "text": "go to send them over to Kamach."}, {"end": "00:14:34", "start": "00:14:29", "text": "Here we go."}, {"end": "00:14:36", "start": "00:14:31", "text": "Subwarp."}, {"end": "00:14:38", "start": "00:14:34", "text": "Over to Kamak."}, {"end": "00:14:40", "start": "00:14:36", "text": "Start subwarp. There we go. All right."}, {"end": "00:14:41", "start": "00:14:38", "text": "I'll check back with you guys in a half"}, {"end": "00:14:44", "start": "00:14:40", "text": "hour"}, {"end": "00:14:46", "start": "00:14:41", "text": ">> later that same evening."}, {"end": "00:14:47", "start": "00:14:44", "text": ">> H. Just kidding. It's not 30 minutes for"}, {"end": "00:14:49", "start": "00:14:46", "text": "you guys. It's just a couple seconds."}, {"end": "00:14:53", "start": "00:14:47", "text": "So, we're going to dock that fleet and"}, {"end": "00:14:56", "start": "00:14:49", "text": "go to the hanger. Click on it and take"}, {"end": "00:14:58", "start": "00:14:53", "text": "out all the power sources, electronics,"}, {"end": "00:15:00", "start": "00:14:56", "text": "and frameworks. Transfer them to that"}, {"end": "00:15:04", "start": "00:14:58", "text": "star base. And then now, let's go to"}, {"end": "00:15:06", "start": "00:15:00", "text": "that crafting tab. Base management."}, {"end": "00:15:08", "start": "00:15:04", "text": "Commit to efforts. Here we go. We'll do"}, {"end": "00:15:10", "start": "00:15:06", "text": "the max, right?"}, {"end": "00:15:12", "start": "00:15:08", "text": "And I only got two crew there. So, we'll"}, {"end": "00:15:14", "start": "00:15:10", "text": "just do the two."}, {"end": "00:15:15", "start": "00:15:12", "text": "And is that what I'm supposed to do?"}, {"end": "00:15:19", "start": "00:15:14", "text": "Yeah. Frameware first. Okay. Commit to"}, {"end": "00:15:21", "start": "00:15:15", "text": "efforts. Let's see what happens."}, {"end": "00:15:22", "start": "00:15:19", "text": "All right, it looks like it went"}, {"end": "00:15:25", "start": "00:15:21", "text": "through. Deposit frameworks went"}, {"end": "00:15:27", "start": "00:15:22", "text": "through. So, we'll check in. And so, now"}, {"end": "00:15:29", "start": "00:15:25", "text": "deposit electronic. So, let's see if the"}, {"end": "00:15:31", "start": "00:15:27", "text": "crew members are done here."}, {"end": "00:15:32", "start": "00:15:29", "text": "Uh I actually don't have a lot of"}, {"end": "00:15:34", "start": "00:15:31", "text": "experience doing this cuz I don't do"}, {"end": "00:15:39", "start": "00:15:32", "text": "this in I don't really upgrade my star"}, {"end": "00:15:42", "start": "00:15:34", "text": "bases in um uh Sage Starbased because I"}, {"end": "00:15:44", "start": "00:15:39", "text": "how can I put it? I do all the stuff to"}, {"end": "00:15:46", "start": "00:15:42", "text": "um help my faction out like help the the"}, {"end": "00:15:47", "start": "00:15:44", "text": "larger players of my faction out, you So"}, {"end": "00:15:50", "start": "00:15:46", "text": "like I craft like fuel for them and ammo"}, {"end": "00:15:52", "start": "00:15:47", "text": "for them and uh look for SDUs and things"}, {"end": "00:15:54", "start": "00:15:50", "text": "like that. So um this is kind of cool. I"}, {"end": "00:15:56", "start": "00:15:52", "text": "actually get to help out um helping my"}, {"end": "00:15:59", "start": "00:15:54", "text": "star base here. All right, so"}, {"end": "00:16:01", "start": "00:15:56", "text": "electronics now commit to effort"}, {"end": "00:16:03", "start": "00:15:59", "text": "and I have no crew members. So I have to"}, {"end": "00:16:05", "start": "00:16:01", "text": "go to current job."}, {"end": "00:16:07", "start": "00:16:03", "text": "Oh no. So check this out. Starbase"}, {"end": "00:16:08", "start": "00:16:05", "text": "upgrade can only be accomplished when"}, {"end": "00:16:10", "start": "00:16:07", "text": "the star base has enough tool kits. So"}, {"end": "00:16:14", "start": "00:16:08", "text": "resupply some tool kits to the upgrade."}, {"end": "00:16:16", "start": "00:16:10", "text": "So, I can't even uh yeah, I can't"}, {"end": "00:16:17", "start": "00:16:14", "text": "upgrade that until I have some tool"}, {"end": "00:16:19", "start": "00:16:16", "text": "kits. So, I could abandoned it. I got"}, {"end": "00:16:20", "start": "00:16:17", "text": "the points already. But, let's see if we"}, {"end": "00:16:23", "start": "00:16:19", "text": "can play fair. Let's see if they"}, {"end": "00:16:25", "start": "00:16:20", "text": "anyone's selling tool kits in this uh at"}, {"end": "00:16:26", "start": "00:16:23", "text": "the star base here. All right. So, even"}, {"end": "00:16:28", "start": "00:16:25", "text": "though I think I could cheat, I decided"}, {"end": "00:16:30", "start": "00:16:26", "text": "not to cheat. So, I went back to the Oni"}, {"end": "00:16:32", "start": "00:16:28", "text": "CSS and I have my crafters crafting"}, {"end": "00:16:35", "start": "00:16:30", "text": "30,000 tool kits. I'm hoping that's"}, {"end": "00:16:37", "start": "00:16:32", "text": "enough. And then I took my um in my"}, {"end": "00:16:39", "start": "00:16:35", "text": "hanger right here. Do I have him in my"}, {"end": "00:16:41", "start": "00:16:37", "text": "hanger? Not yet. Um I have Fat Albert"}, {"end": "00:16:45", "start": "00:16:39", "text": "right here. I'm going to dock him. He is"}, {"end": "00:16:47", "start": "00:16:41", "text": "my Fimbo's um he's my Fimbo BIOS that I"}, {"end": "00:16:49", "start": "00:16:45", "text": "have my packite and so he can warp"}, {"end": "00:16:52", "start": "00:16:47", "text": "really fast. So I'm going to um throw"}, {"end": "00:16:55", "start": "00:16:49", "text": "those tool kits into his cargo bay and"}, {"end": "00:16:57", "start": "00:16:52", "text": "fly him out to KCK and hopefully uh we"}, {"end": "00:16:58", "start": "00:16:55", "text": "can do this proper. All right, it looks"}, {"end": "00:17:02", "start": "00:16:57", "text": "like if I want to bring food out there"}, {"end": "00:17:04", "start": "00:16:58", "text": "with me, I'll bring 27,000 tool kits. Um"}, {"end": "00:17:06", "start": "00:17:02", "text": "there we go. We're going to undock this"}, {"end": "00:17:08", "start": "00:17:04", "text": "son of a gun. Send him on his way. And"}, {"end": "00:17:09", "start": "00:17:06", "text": "look how far the these guys can warp."}, {"end": "00:17:12", "start": "00:17:08", "text": "I'm not too sure if you can see it, but"}, {"end": "00:17:15", "start": "00:17:09", "text": "it should just be two quick jumps here."}, {"end": "00:17:16", "start": "00:17:12", "text": "Start warp. There we go. And so he's"}, {"end": "00:17:17", "start": "00:17:15", "text": "going to go halfway across the map."}, {"end": "00:17:19", "start": "00:17:16", "text": "Hopefully in the second warp I can get"}, {"end": "00:17:20", "start": "00:17:17", "text": "right to where I need to go. And uh I'll"}, {"end": "00:17:21", "start": "00:17:19", "text": "be right back."}, {"end": "00:17:23", "start": "00:17:20", "text": ">> Moments later."}, {"end": "00:17:26", "start": "00:17:21", "text": ">> All right. Fat Albert's already at KC."}, {"end": "00:17:28", "start": "00:17:23", "text": "I'm going to dock him and we're going to"}, {"end": "00:17:32", "start": "00:17:26", "text": "go over to the hanger. We're going to"}, {"end": "00:17:33", "start": "00:17:28", "text": "take out those tool kits."}, {"end": "00:17:35", "start": "00:17:32", "text": "Transfer to the star base. And hopefully"}, {"end": "00:17:38", "start": "00:17:33", "text": "now we can do what we need to do. Let's"}, {"end": "00:17:40", "start": "00:17:35", "text": "go back to the crafting tab and current."}, {"end": "00:17:42", "start": "00:17:38", "text": "All right, base management current jobs."}, {"end": "00:17:44", "start": "00:17:40", "text": "Oh yeah, I keep on forgetting you have"}, {"end": "00:17:46", "start": "00:17:42", "text": "to hit the upgrade tab that shows. So I"}, {"end": "00:17:48", "start": "00:17:44", "text": "need those tool kits in there. Let's"}, {"end": "00:17:51", "start": "00:17:46", "text": "resupply. We'll just do a small amount"}, {"end": "00:17:53", "start": "00:17:48", "text": "just to see if this works. 5,000."}, {"end": "00:17:57", "start": "00:17:51", "text": "They'll give me 20,000 LP, too, which is"}, {"end": "00:18:00", "start": "00:17:53", "text": "pretty sweet. Resupply. All right. Oh my"}, {"end": "00:18:02", "start": "00:17:57", "text": "gosh. 2 hours and 14 minutes it's going"}, {"end": "00:18:04", "start": "00:18:00", "text": "to take for these guys to uh upgrade"}, {"end": "00:18:06", "start": "00:18:02", "text": "that framework. Holy smokes."}, {"end": "00:18:10", "start": "00:18:04", "text": "So, we'll have to just wait for a little"}, {"end": "00:18:14", "start": "00:18:06", "text": "bit here. Well, maybe I should have uh"}, {"end": "00:18:15", "start": "00:18:10", "text": "crew members come out of um one of my"}, {"end": "00:18:16", "start": "00:18:14", "text": "ship, one of my fleets right here for"}, {"end": "00:18:19", "start": "00:18:15", "text": "the meantime, and then we can get all"}, {"end": "00:18:23", "start": "00:18:16", "text": "this going at once, right? So, let's go"}, {"end": "00:18:27", "start": "00:18:19", "text": "back to the hanger and we'll go to"}, {"end": "00:18:28", "start": "00:18:23", "text": "passengers and let's see, there's four"}, {"end": "00:18:31", "start": "00:18:27", "text": "crew all together. So, we're going to"}, {"end": "00:18:32", "start": "00:18:28", "text": "disembark all. So, so right now Fat"}, {"end": "00:18:33", "start": "00:18:31", "text": "Albert's pretty much stranded here"}, {"end": "00:18:35", "start": "00:18:32", "text": "because he has no crew members, but I"}, {"end": "00:18:37", "start": "00:18:33", "text": "could put those guys to work, right? So,"}, {"end": "00:18:39", "start": "00:18:35", "text": "let's go back to crafting and we'll go"}, {"end": "00:18:42", "start": "00:18:37", "text": "to base management."}, {"end": "00:18:45", "start": "00:18:39", "text": "And uh looks like I have an hour and 22"}, {"end": "00:18:47", "start": "00:18:42", "text": "minutes, right, of time here. So, let's"}, {"end": "00:18:49", "start": "00:18:45", "text": "commit to the efforts. So, what we're"}, {"end": "00:18:52", "start": "00:18:47", "text": "going to do is put two guys on this for"}, {"end": "00:18:53", "start": "00:18:49", "text": "electronics,"}, {"end": "00:18:54", "start": "00:18:52", "text": "right?"}, {"end": "00:18:56", "start": "00:18:53", "text": "All right. It looks like I didn't quite"}, {"end": "00:18:58", "start": "00:18:54", "text": "get the um passengers out of my Fat"}, {"end": "00:19:00", "start": "00:18:56", "text": "Albert fleet. So, I just fixed that"}, {"end": "00:19:03", "start": "00:18:58", "text": "problem. So now I can commit to the"}, {"end": "00:19:03", "start": "00:19:00", "text": "efforts."}, {"end": "00:19:07", "start": "00:19:03", "text": "So we deposited the electronics. So we"}, {"end": "00:19:10", "start": "00:19:05", "text": "got the points for that, right? So"}, {"end": "00:19:12", "start": "00:19:07", "text": "current job upgrades 41 minutes. Okay,"}, {"end": "00:19:14", "start": "00:19:10", "text": "so that's a little better. Base"}, {"end": "00:19:16", "start": "00:19:12", "text": "management and"}, {"end": "00:19:19", "start": "00:19:14", "text": "see I need to check in on our quests,"}, {"end": "00:19:22", "start": "00:19:16", "text": "right? So let's go to storyline. We'll"}, {"end": "00:19:26", "start": "00:19:19", "text": "check in. And now deposit power sources."}, {"end": "00:19:29", "start": "00:19:22", "text": "So we need to deposit 400 power sources."}, {"end": "00:19:32", "start": "00:19:26", "text": "All right. So, back to KCK, crafting,"}, {"end": "00:19:35", "start": "00:19:29", "text": "base management. Go down to power"}, {"end": "00:19:37", "start": "00:19:32", "text": "sources, commit efforts, and we'll give"}, {"end": "00:19:39", "start": "00:19:35", "text": "two our last remaining two um crew"}, {"end": "00:19:41", "start": "00:19:37", "text": "members to craft the 400 right here."}, {"end": "00:19:44", "start": "00:19:39", "text": "Commit to efforts. Looks like we're all"}, {"end": "00:19:47", "start": "00:19:41", "text": "set. Now, the only thing that we have to"}, {"end": "00:19:49", "start": "00:19:44", "text": "look at is that the framework upgrade"}, {"end": "00:19:51", "start": "00:19:47", "text": "takes 2 hours 11 minutes, but I only put"}, {"end": "00:19:52", "start": "00:19:49", "text": "enough tool kits in, it looks like, for"}, {"end": "00:19:54", "start": "00:19:51", "text": "an hour and 19 minutes. So, what we'll"}, {"end": "00:19:57", "start": "00:19:52", "text": "do is we'll resupply some more tool kits"}, {"end": "00:19:59", "start": "00:19:54", "text": "here. Uh, we'll do well, let's do max."}, {"end": "00:20:01", "start": "00:19:57", "text": "What What the heck? We get all this LP,"}, {"end": "00:20:04", "start": "00:19:59", "text": "right? Resupply."}, {"end": "00:20:07", "start": "00:20:01", "text": "Might as well. So, now I got seven hours"}, {"end": "00:20:09", "start": "00:20:04", "text": "worth of time. Um, which is plent like,"}, {"end": "00:20:12", "start": "00:20:07", "text": "you know, almost triple. So, we should"}, {"end": "00:20:15", "start": "00:20:09", "text": "be good to go, man. It is triple, more"}, {"end": "00:20:16", "start": "00:20:12", "text": "than triple. All right, so well, I'll"}, {"end": "00:20:18", "start": "00:20:15", "text": "see you guys back. Well, wait, wait,"}, {"end": "00:20:22", "start": "00:20:16", "text": "wait, wait, wait. I can actually"}, {"end": "00:20:24", "start": "00:20:18", "text": "complete this quest, right?"}, {"end": "00:20:25", "start": "00:20:22", "text": "Nice. And then now I can get right on to"}, {"end": "00:20:27", "start": "00:20:24", "text": "the next quest. We don't even have to"}, {"end": "00:20:30", "start": "00:20:25", "text": "wait for all those guys, right? All"}, {"end": "00:20:31", "start": "00:20:27", "text": "right. So, uh, I don't have an option to"}, {"end": "00:20:33", "start": "00:20:30", "text": "actually play Sage's voice, so I'm going"}, {"end": "00:20:34", "start": "00:20:31", "text": "to have to read this myself again. It"}, {"end": "00:20:37", "start": "00:20:33", "text": "says, \"If your crew was tired before,"}, {"end": "00:20:38", "start": "00:20:34", "text": "they're completely spent now. Mess"}, {"end": "00:20:42", "start": "00:20:37", "text": "Quint, the youngest recruit in your"}, {"end": "00:20:45", "start": "00:20:38", "text": "fleet, stumbles over, panting. Captain"}, {"end": "00:20:47", "start": "00:20:42", "text": "Herd sent me. Said to get you right"}, {"end": "00:20:50", "start": "00:20:45", "text": "away. Something's off.\" You raise an"}, {"end": "00:20:52", "start": "00:20:47", "text": "eyebrow. Off? Ow. He hesitates, still"}, {"end": "00:20:54", "start": "00:20:50", "text": "catching his breath. He says, \"It's"}, {"end": "00:20:56", "start": "00:20:52", "text": "better if you hear it from him.\" You"}, {"end": "00:20:58", "start": "00:20:54", "text": "glance at Sage. She meets your eyes with"}, {"end": "00:21:01", "start": "00:20:56", "text": "a look that says, \"I warned you, but"}, {"end": "00:21:03", "start": "00:20:58", "text": "keep silent.\" Together, you follow Mos"}, {"end": "00:21:05", "start": "00:21:01", "text": "through the dim corridors of the star"}, {"end": "00:21:07", "start": "00:21:03", "text": "base, past the cargo lifts and refab"}, {"end": "00:21:09", "start": "00:21:05", "text": "ports until you reach the special hanger"}, {"end": "00:21:11", "start": "00:21:07", "text": "where your crew had completed its"}, {"end": "00:21:15", "start": "00:21:09", "text": "installation hours ago. You find herd"}, {"end": "00:21:17", "start": "00:21:11", "text": "already waiting, his frame powered down"}, {"end": "00:21:18", "start": "00:21:15", "text": "just enough to show fatigue, but still"}, {"end": "00:21:21", "start": "00:21:17", "text": "standing at full attention. The android"}, {"end": "00:21:24", "start": "00:21:18", "text": "salutes crisply crispy. Crisply captain,"}, {"end": "00:21:25", "start": "00:21:21", "text": "he says. The schematics are complete,"}, {"end": "00:21:27", "start": "00:21:24", "text": "but this this isn't civilian"}, {"end": "00:21:30", "start": "00:21:25", "text": "infrastructure. It's ship crafting"}, {"end": "00:21:33", "start": "00:21:27", "text": "facility. And by the looks of it, by the"}, {"end": "00:21:35", "start": "00:21:30", "text": "looks of it, fitting, it's optimized for"}, {"end": "00:21:38", "start": "00:21:33", "text": "building fighters, sir, from its"}, {"end": "00:21:40", "start": "00:21:35", "text": "fittings. A cold pulse creeps up your"}, {"end": "00:21:42", "start": "00:21:38", "text": "spine. Betrayal. That's your first"}, {"end": "00:21:44", "start": "00:21:40", "text": "instinct, Verton. He had you build this"}, {"end": "00:21:46", "start": "00:21:42", "text": "under the pretense of helping the"}, {"end": "00:21:49", "start": "00:21:44", "text": "region. Was all of this just a ruse, a"}, {"end": "00:21:50", "start": "00:21:46", "text": "stunt to get free labor out of the out"}, {"end": "00:21:53", "start": "00:21:49", "text": "of a trusting fool? You don't want to"}, {"end": "00:21:55", "start": "00:21:50", "text": "believe it. Sage turns towards you. Her"}, {"end": "00:21:58", "start": "00:21:53", "text": "voice is soft, and for once, without"}, {"end": "00:22:00", "start": "00:21:55", "text": "judgment, \"It's okay, Captain. We'll"}, {"end": "00:22:03", "start": "00:21:58", "text": "regroup after the crew rests. We're"}, {"end": "00:22:06", "start": "00:22:00", "text": "behind now for sure, but we'll find a"}, {"end": "00:22:08", "start": "00:22:03", "text": "way to catch up, even if her words are"}, {"end": "00:22:10", "start": "00:22:06", "text": "cut short by the echoing clack of boots"}, {"end": "00:22:12", "start": "00:22:08", "text": "on metal.\" Virt enters the hanger,"}, {"end": "00:22:15", "start": "00:22:10", "text": "flanked by a squad of Zang Yang"}, {"end": "00:22:18", "start": "00:22:12", "text": "enforcers in polished black armor. They"}, {"end": "00:22:20", "start": "00:22:15", "text": "scan the room like predators. Before you"}, {"end": "00:22:22", "start": "00:22:18", "text": "even think, your feet are moving, your"}, {"end": "00:22:24", "start": "00:22:20", "text": "voice rising. What is this, Furton? This"}, {"end": "00:22:26", "start": "00:22:22", "text": "isn't what we agreed on. You storm"}, {"end": "00:22:28", "start": "00:22:24", "text": "forward. You said we were helping people"}, {"end": "00:22:31", "start": "00:22:26", "text": "and instead you had us build a fimble"}, {"end": "00:22:34", "start": "00:22:28", "text": "factory for you. I did everything you"}, {"end": "00:22:36", "start": "00:22:31", "text": "asked and I trusted you. The cl the"}, {"end": "00:22:40", "start": "00:22:34", "text": "click of rifles interrupts your anger."}, {"end": "00:22:41", "start": "00:22:36", "text": "Two GANs lasers laser models are locked"}, {"end": "00:22:44", "start": "00:22:40", "text": "to your forehead before you can take"}, {"end": "00:22:47", "start": "00:22:41", "text": "another step around you. Your crew draws"}, {"end": "00:22:49", "start": "00:22:44", "text": "weapons in unison. Exhausted forgotten"}, {"end": "00:22:51", "start": "00:22:47", "text": "triggers trigger fingers ready. Sage"}, {"end": "00:22:54", "start": "00:22:49", "text": "whispers beside you, voice barely"}, {"end": "00:22:56", "start": "00:22:51", "text": "audible. Is this how you want to play"}, {"end": "00:22:59", "start": "00:22:54", "text": "it? H. Is this how you want to play it?"}, {"end": "00:23:01", "start": "00:22:56", "text": "Hollisim. Fine. You feel it before you"}, {"end": "00:23:04", "start": "00:22:59", "text": "see it. A rising wave of heat radiates"}, {"end": "00:23:07", "start": "00:23:01", "text": "from her frame, energizing, charging in"}, {"end": "00:23:09", "start": "00:23:04", "text": "air like a coiled storm. The Vertton."}, {"end": "00:23:11", "start": "00:23:07", "text": "Then Vertton raises his hand. Stand"}, {"end": "00:23:13", "start": "00:23:09", "text": "down, he says calmly to the guards. The"}, {"end": "00:23:15", "start": "00:23:11", "text": "mercenaries lower the rifles. Your crew"}, {"end": "00:23:17", "start": "00:23:13", "text": "hesitates, then follows suit. Sage"}, {"end": "00:23:19", "start": "00:23:15", "text": "reluctantly powers down whatever she was"}, {"end": "00:23:21", "start": "00:23:17", "text": "building up. Verton steps forward. He"}, {"end": "00:23:24", "start": "00:23:19", "text": "doesn't raise his voice, doesn't defend"}, {"end": "00:23:27", "start": "00:23:21", "text": "himself. Instead, he hugs you. Caught"}, {"end": "00:23:28", "start": "00:23:24", "text": "off guard, you freeze. \"You've done more"}, {"end": "00:23:31", "start": "00:23:27", "text": "than enough to prove yourself, Captain,\""}, {"end": "00:23:33", "start": "00:23:28", "text": "he says, voice low. \"And now everyone at"}, {"end": "00:23:36", "start": "00:23:31", "text": "Fimble Industries knows it, too. You"}, {"end": "00:23:39", "start": "00:23:33", "text": "gave all to help the people of the"}, {"end": "00:23:41", "start": "00:23:36", "text": "medium zone, and we are here to return"}, {"end": "00:23:43", "start": "00:23:39", "text": "the favor.\" The tensions in the hanger"}, {"end": "00:23:45", "start": "00:23:41", "text": "dissolve like smoke, sunlight. In"}, {"end": "00:23:48", "start": "00:23:43", "text": "sunlight, Vton walks to the gleaming"}, {"end": "00:23:50", "start": "00:23:45", "text": "structure your crew built. He runs his"}, {"end": "00:23:53", "start": "00:23:48", "text": "hand along the scaffolding, admiration"}, {"end": "00:23:55", "start": "00:23:50", "text": "in his eyes. This factory is yours. It's"}, {"end": "00:23:58", "start": "00:23:53", "text": "small, yes, but it's official. You now"}, {"end": "00:24:00", "start": "00:23:55", "text": "have your own Fimblecertified factory,"}, {"end": "00:24:02", "start": "00:23:58", "text": "sponsored, recognized, and ready to"}, {"end": "00:24:05", "start": "00:24:00", "text": "complete with compete with anyone in"}, {"end": "00:24:08", "start": "00:24:02", "text": "Gallia. He steps back and hands you a"}, {"end": "00:24:10", "start": "00:24:05", "text": "glowing holographic blueprint. Use the"}, {"end": "00:24:14", "start": "00:24:08", "text": "components you've saved, Captain. Build"}, {"end": "00:24:15", "start": "00:24:10", "text": "your first real ship. You turn to Sage."}, {"end": "00:24:17", "start": "00:24:14", "text": "She stares wideeyed, completely"}, {"end": "00:24:20", "start": "00:24:15", "text": "speechless for the first time since the"}, {"end": "00:24:23", "start": "00:24:17", "text": "scenario began. Then you extend your"}, {"end": "00:24:25", "start": "00:24:20", "text": "hand to Verton. With a firm shake, you"}, {"end": "00:24:26", "start": "00:24:23", "text": "seal the alliance. All right, so that"}, {"end": "00:24:28", "start": "00:24:25", "text": "was a pretty cool twist in the story"}, {"end": "00:24:30", "start": "00:24:26", "text": "line. I I really like this the whole"}, {"end": "00:24:32", "start": "00:24:28", "text": "story, too. Um, it definitely, you know,"}, {"end": "00:24:34", "start": "00:24:30", "text": "gives a little bit of immersion to this"}, {"end": "00:24:36", "start": "00:24:32", "text": "whole entire gameplay of Hollisim."}, {"end": "00:24:38", "start": "00:24:34", "text": "Totally digging it. And so now we have"}, {"end": "00:24:40", "start": "00:24:36", "text": "to craft our first small ship, which"}, {"end": "00:24:42", "start": "00:24:38", "text": "I've already crafted a couple larger"}, {"end": "00:24:43", "start": "00:24:40", "text": "ships, so but we'll just pretend like uh"}, {"end": "00:24:46", "start": "00:24:42", "text": "I've never done that before. And so"}, {"end": "00:24:49", "start": "00:24:43", "text": "we're supposed to craft a BIOS herb. So"}, {"end": "00:24:52", "start": "00:24:46", "text": "I left my extra stuff over at um the"}, {"end": "00:24:57", "start": "00:24:49", "text": "central space station Nuno. So let's go"}, {"end": "00:25:01", "start": "00:24:52", "text": "to crafting and we'll type in uh herp"}, {"end": "00:25:06", "start": "00:24:57", "text": "some an right here. I can't craft an"}, {"end": "00:25:06", "start": "00:25:01", "text": "herp. It says craft an herp."}, {"end": "00:25:11", "start": "00:25:06", "text": "Can I do it? Let's see. 216"}, {"end": "00:25:13", "start": "00:25:09", "text": "says cannot Oh, I'm missing my"}, {"end": "00:25:15", "start": "00:25:11", "text": "electronics and power source. Okay. So,"}, {"end": "00:25:17", "start": "00:25:13", "text": "I have to do some a little more"}, {"end": "00:25:18", "start": "00:25:15", "text": "electronics. So, and I'm missing copper."}, {"end": "00:25:23", "start": "00:25:17", "text": "So, I'm missing some more copper. So, I"}, {"end": "00:25:25", "start": "00:25:18", "text": "got to make some copper."}, {"end": "00:25:28", "start": "00:25:23", "text": "That'll take a minute. All right. Now, I"}, {"end": "00:25:32", "start": "00:25:25", "text": "can make the electronics. So, let's see."}, {"end": "00:25:34", "start": "00:25:28", "text": "28 216. Right. Right. 18 seconds. Really"}, {"end": "00:25:37", "start": "00:25:32", "text": "fast."}, {"end": "00:25:40", "start": "00:25:34", "text": "And now, what else do I need"}, {"end": "00:25:41", "start": "00:25:37", "text": "for my power sources?"}, {"end": "00:25:44", "start": "00:25:40", "text": "Oh, it looks like I have everything I"}, {"end": "00:25:46", "start": "00:25:41", "text": "need. I just have to uh"}, {"end": "00:25:50", "start": "00:25:44", "text": "I just need crew members now."}, {"end": "00:25:54", "start": "00:25:46", "text": "All right, we'll collect those."}, {"end": "00:25:54", "start": "00:25:50", "text": "So, here we go. 216."}, {"end": "00:26:00", "start": "00:25:54", "text": "6 seconds. Collect those."}, {"end": "00:26:03", "start": "00:25:58", "text": "I'll type in her again. Hopefully, we"}, {"end": "00:26:06", "start": "00:26:00", "text": "have enough to do our her."}, {"end": "00:26:08", "start": "00:26:03", "text": "Here we go. Looks like it."}, {"end": "00:26:11", "start": "00:26:06", "text": "27 minutes to do the her. It costs uh"}, {"end": "00:26:13", "start": "00:26:08", "text": "what does it cost? 50 Atlas to make it."}, {"end": "00:26:14", "start": "00:26:11", "text": "We have plenty of Atlas. Um, yeah, it"}, {"end": "00:26:16", "start": "00:26:13", "text": "just takes a little bit of time. So,"}, {"end": "00:26:17", "start": "00:26:14", "text": "yeah, I'll check you guys back in a"}, {"end": "00:26:18", "start": "00:26:16", "text": "little bit. Half hour for me, no time"}, {"end": "00:26:21", "start": "00:26:17", "text": "for you guys."}, {"end": "00:26:23", "start": "00:26:18", "text": ">> Later that night."}, {"end": "00:26:27", "start": "00:26:21", "text": ">> All right, my her is done. We are going"}, {"end": "00:26:29", "start": "00:26:23", "text": "to collect completed items."}, {"end": "00:26:31", "start": "00:26:27", "text": "See right here that it has registered."}, {"end": "00:26:34", "start": "00:26:29", "text": "So,"}, {"end": "00:26:39", "start": "00:26:31", "text": "all right, claim reward"}, {"end": "00:26:41", "start": "00:26:34", "text": "170,000 XP plus 51. So, we got a little"}, {"end": "00:26:42", "start": "00:26:39", "text": "bit of our Atlas back or we got all of"}, {"end": "00:26:45", "start": "00:26:41", "text": "our Atlas back, right? And we got two"}, {"end": "00:26:46", "start": "00:26:42", "text": "crew members. No way. Now, I see this"}, {"end": "00:26:48", "start": "00:26:45", "text": "blinker right here. I can go to the"}, {"end": "00:26:49", "start": "00:26:46", "text": "daily, too. And"}, {"end": "00:26:51", "start": "00:26:48", "text": ">> 801."}, {"end": "00:26:54", "start": "00:26:49", "text": ">> And we can report for duty. I'm going to"}, {"end": "00:26:57", "start": "00:26:51", "text": "get 50 more XP, 21 crew members, and"}, {"end": "00:27:00", "start": "00:26:54", "text": "another 100 Atlas. That's pretty sweet"}, {"end": "00:27:03", "start": "00:26:57", "text": "because it's um it's it just passed the"}, {"end": "00:27:06", "start": "00:27:00", "text": "uh 8:00 my time, but just past the uh"}, {"end": "00:27:09", "start": "00:27:03", "text": "the full day on UTC time. And so now"}, {"end": "00:27:12", "start": "00:27:06", "text": "let's go back to the story line here."}, {"end": "00:27:14", "start": "00:27:09", "text": "Expand the details. And um we got"}, {"end": "00:27:15", "start": "00:27:12", "text": "another one right here. And it looks"}, {"end": "00:27:17", "start": "00:27:14", "text": "like I'm going to have to craft a whole"}, {"end": "00:27:20", "start": "00:27:15", "text": "bunch of stuff. Um so let me get the"}, {"end": "00:27:22", "start": "00:27:17", "text": "crafting going. So what do we have to do"}, {"end": "00:27:25", "start": "00:27:20", "text": "first? Craft fuel. We have to craft"}, {"end": "00:27:27", "start": "00:27:22", "text": "200,000 fuel. Okay, I should have that"}, {"end": "00:27:30", "start": "00:27:25", "text": "for sure. So let's go to crafting. Look"}, {"end": "00:27:33", "start": "00:27:27", "text": "like it'll take me 13 minutes with my"}, {"end": "00:27:34", "start": "00:27:30", "text": "239 crew members I now have. All right,"}, {"end": "00:27:37", "start": "00:27:33", "text": "so that's going away. And let's read"}, {"end": "00:27:40", "start": "00:27:34", "text": "what this mission is all about. Sage's"}, {"end": "00:27:42", "start": "00:27:37", "text": "voice reaches um with a softness you're"}, {"end": "00:27:43", "start": "00:27:40", "text": "not used to. She stands at your side,"}, {"end": "00:27:45", "start": "00:27:42", "text": "arms crossed, scanning the hanger,"}, {"end": "00:27:48", "start": "00:27:43", "text": "filled with music, laughter, and"}, {"end": "00:27:50", "start": "00:27:45", "text": "clinking glasses. You catch a hint of"}, {"end": "00:27:53", "start": "00:27:48", "text": "reluctant humility in her expression. I"}, {"end": "00:27:55", "start": "00:27:50", "text": "was wrong, she admits. And I am on"}, {"end": "00:27:58", "start": "00:27:53", "text": "occasion capable of acknowledging the"}, {"end": "00:28:00", "start": "00:27:55", "text": "statistical insignificant chance that I"}, {"end": "00:28:03", "start": "00:27:58", "text": "might make a mistake. You turn towards"}, {"end": "00:28:05", "start": "00:28:00", "text": "her, eyebrow raised. Burton was true to"}, {"end": "00:28:07", "start": "00:28:03", "text": "his word. She continues, folding her"}, {"end": "00:28:10", "start": "00:28:05", "text": "arms tighter. And though it defies all"}, {"end": "00:28:12", "start": "00:28:07", "text": "my predictive modu models, he appears to"}, {"end": "00:28:15", "start": "00:28:10", "text": "be a decent person. You let her words"}, {"end": "00:28:16", "start": "00:28:12", "text": "settle as you look out across the"}, {"end": "00:28:18", "start": "00:28:15", "text": "celebration. Your crew is feasting,"}, {"end": "00:28:21", "start": "00:28:16", "text": "toasting side by side with fimble"}, {"end": "00:28:24", "start": "00:28:18", "text": "engineers, and even the Zang gang"}, {"end": "00:28:27", "start": "00:28:21", "text": "enforcers who just hours ago nearly lit"}, {"end": "00:28:28", "start": "00:28:24", "text": "the whole hanger on fire. My ooster ster"}, {"end": "00:28:30", "start": "00:28:27", "text": "mud punob sagged me and all breaking"}, {"end": "00:28:33", "start": "00:28:28", "text": "bread together beneath flickering"}, {"end": "00:28:34", "start": "00:28:30", "text": "banners of the council of peace. For the"}, {"end": "00:28:36", "start": "00:28:33", "text": "first time in a long time this feels"}, {"end": "00:28:39", "start": "00:28:34", "text": "what the galaxy could be. You step"}, {"end": "00:28:41", "start": "00:28:36", "text": "closer to Sage smiling. So I've been"}, {"end": "00:28:44", "start": "00:28:39", "text": "thinking you say voice lowered. The"}, {"end": "00:28:47", "start": "00:28:41", "text": "mission cost us oh the mission cost us a"}, {"end": "00:28:49", "start": "00:28:44", "text": "lot. If we're serious about finding"}, {"end": "00:28:51", "start": "00:28:47", "text": "small class ships or fielding small"}, {"end": "00:28:54", "start": "00:28:49", "text": "class ships we'll need more R4 fuel,"}, {"end": "00:28:56", "start": "00:28:51", "text": "ammo, food, all of it. She tilt her head"}, {"end": "00:28:58", "start": "00:28:54", "text": "slightly impressed. Precisely, Captain."}, {"end": "00:29:01", "start": "00:28:56", "text": "You're staring. You're starting to think"}, {"end": "00:29:03", "start": "00:28:58", "text": "like a strategist. Strategist. Based on"}, {"end": "00:29:05", "start": "00:29:01", "text": "current reserves and expansion goals,"}, {"end": "00:29:08", "start": "00:29:03", "text": "I'd recommend a stockpiling target of"}, {"end": "00:29:12", "start": "00:29:05", "text": "200,000 units of fuel, 50,000 um of"}, {"end": "00:29:14", "start": "00:29:08", "text": "ammunition, and 50,000 of food."}, {"end": "00:29:18", "start": "00:29:12", "text": "Then her voice lowers a notch. More"}, {"end": "00:29:20", "start": "00:29:14", "text": "human, more knowing. But I also suggest"}, {"end": "00:29:23", "start": "00:29:18", "text": "something more urgent. Rest. You've"}, {"end": "00:29:26", "start": "00:29:20", "text": "earned it. You nod about to reply when"}, {"end": "00:29:29", "start": "00:29:23", "text": "the crowd parts. Verton strides through"}, {"end": "00:29:31", "start": "00:29:26", "text": "the celebration, his gold trimmed coat"}, {"end": "00:29:33", "start": "00:29:29", "text": "unbuttoned, carrying two heavy bottles"}, {"end": "00:29:35", "start": "00:29:31", "text": "of something glowing deep amber. The"}, {"end": "00:29:39", "start": "00:29:33", "text": "seal etched across the glass is"}, {"end": "00:29:42", "start": "00:29:35", "text": "unmistakable. Somian vow, you say aloud."}, {"end": "00:29:44", "start": "00:29:39", "text": "Uh, Verton grins. Carp captain. Let's"}, {"end": "00:29:46", "start": "00:29:42", "text": "celebrate what we've built. The work of"}, {"end": "00:29:48", "start": "00:29:44", "text": "tomorrow will wait. You glance at Sage"}, {"end": "00:29:51", "start": "00:29:46", "text": "expecting a lecture, but instead she"}, {"end": "00:29:53", "start": "00:29:48", "text": "simply ex exhales and says, \"For the"}, {"end": "00:29:55", "start": "00:29:51", "text": "record, I am not designed to condone"}, {"end": "00:29:58", "start": "00:29:53", "text": "alcohol consumption, but I must admit"}, {"end": "00:30:00", "start": "00:29:55", "text": "this seems like a statistically sound"}, {"end": "00:30:02", "start": "00:29:58", "text": "exception.\" You reach out, take one of"}, {"end": "00:30:04", "start": "00:30:00", "text": "the bottles from Verton's hand, and"}, {"end": "00:30:06", "start": "00:30:02", "text": "raise it towards the ceiling of the"}, {"end": "00:30:08", "start": "00:30:04", "text": "hanger. \"Peace to peace,\" you say. The"}, {"end": "00:30:11", "start": "00:30:06", "text": "crew erupts in cheers, and for the"}, {"end": "00:30:13", "start": "00:30:08", "text": "moment, the stars feel a little closer."}, {"end": "00:30:16", "start": "00:30:11", "text": "All right. So, I got to get um all that"}, {"end": "00:30:18", "start": "00:30:13", "text": "crafted and I'll be back in a little"}, {"end": "00:30:21", "start": "00:30:16", "text": "while once all that stuff is crafted. Um"}, {"end": "00:30:23", "start": "00:30:18", "text": "let's see. I can What I can do is I can"}, {"end": "00:30:25", "start": "00:30:21", "text": "go to my hanger. I can put my crew"}, {"end": "00:30:28", "start": "00:30:23", "text": "members back into Fat Albert plus the"}, {"end": "00:30:29", "start": "00:30:25", "text": "extra two and uh maybe bring them back"}, {"end": "00:30:30", "start": "00:30:28", "text": "to Nuno so I have all my crafters in one"}, {"end": "00:30:32", "start": "00:30:29", "text": "place. I'm not sure if I really need"}, {"end": "00:30:33", "start": "00:30:30", "text": "them over there in CA Kamik. I could"}, {"end": "00:30:34", "start": "00:30:32", "text": "always bring them back. So, what I'm"}, {"end": "00:30:36", "start": "00:30:33", "text": "going to do is I'm going to go to"}, {"end": "00:30:38", "start": "00:30:34", "text": "passengers and I'm going to put Oh,"}, {"end": "00:30:40", "start": "00:30:36", "text": "wait. I can't put the passengers cuz"}, {"end": "00:30:43", "start": "00:30:38", "text": "they're still crafting, aren't they? So,"}, {"end": "00:30:46", "start": "00:30:40", "text": "let's go over to the current jobs and"}, {"end": "00:30:48", "start": "00:30:43", "text": "upgrades. And oh my goodness, man. We"}, {"end": "00:30:50", "start": "00:30:46", "text": "still got framework being upgraded, but"}, {"end": "00:30:52", "start": "00:30:48", "text": "I can collect these guys. Right. There"}, {"end": "00:30:54", "start": "00:30:50", "text": "we go. And I could put Fat Albert back"}, {"end": "00:30:57", "start": "00:30:52", "text": "to work cuz I have my four crew members"}, {"end": "00:31:00", "start": "00:30:54", "text": "back for him. So, let's go to fleets."}, {"end": "00:31:03", "start": "00:30:57", "text": "We'll go to Fat Albert"}, {"end": "00:31:05", "start": "00:31:00", "text": "in the hanger. Add the at least the four"}, {"end": "00:31:08", "start": "00:31:03", "text": "that he needs right now. All right. So,"}, {"end": "00:31:10", "start": "00:31:05", "text": "they're back in. I can hit undock. And"}, {"end": "00:31:11", "start": "00:31:08", "text": "now I can get him rolling again. He"}, {"end": "00:31:14", "start": "00:31:10", "text": "happened to be crafting silica right"}, {"end": "00:31:16", "start": "00:31:11", "text": "from this actual same place. So um so"}, {"end": "00:31:18", "start": "00:31:14", "text": "he's in Kamk anyway. That was his uh you"}, {"end": "00:31:19", "start": "00:31:16", "text": "know the place that he was assigned. So"}, {"end": "00:31:21", "start": "00:31:18", "text": "I'll get him rolling and I'll see you"}, {"end": "00:31:22", "start": "00:31:19", "text": "guys back after I craft all those"}, {"end": "00:31:24", "start": "00:31:21", "text": "resources"}, {"end": "00:31:26", "start": "00:31:22", "text": ">> soon after."}, {"end": "00:31:28", "start": "00:31:24", "text": ">> All right, man. So it looks like I"}, {"end": "00:31:30", "start": "00:31:26", "text": "finished the mission right here. I"}, {"end": "00:31:34", "start": "00:31:28", "text": "crafted everything they wanted me to"}, {"end": "00:31:38", "start": "00:31:30", "text": "craft. Where is it? So complete quest."}, {"end": "00:31:41", "start": "00:31:34", "text": "Nice. 165,000 XP and 64 atlas. All"}, {"end": "00:31:44", "start": "00:31:38", "text": "right, next one. Set a buy order for"}, {"end": "00:31:47", "start": "00:31:41", "text": "fuel 10,000. So, help foster the medium"}, {"end": "00:31:49", "start": "00:31:44", "text": "zone um economy by placing a um buy"}, {"end": "00:31:51", "start": "00:31:47", "text": "order for 10,000 units of fuel, 10,000"}, {"end": "00:31:55", "start": "00:31:49", "text": "units of ammunition, and 10,000 units of"}, {"end": "00:31:56", "start": "00:31:51", "text": "food. Here we go. The morning air inside"}, {"end": "00:31:58", "start": "00:31:55", "text": "the star base feels lighter, almost"}, {"end": "00:32:01", "start": "00:31:56", "text": "fresh, despite being recycled through"}, {"end": "00:32:03", "start": "00:31:58", "text": "layers of filtration systems and steel"}, {"end": "00:32:05", "start": "00:32:01", "text": "ducks to wake with a surprising clarity."}, {"end": "00:32:07", "start": "00:32:03", "text": "The heaviness of the last mission"}, {"end": "00:32:10", "start": "00:32:05", "text": "seemingly lifted. Maybe it was the"}, {"end": "00:32:12", "start": "00:32:07", "text": "sobian vow. Maybe the rare taste of"}, {"end": "00:32:15", "start": "00:32:10", "text": "victory. Either way, your body thanks"}, {"end": "00:32:16", "start": "00:32:12", "text": "you. When you arrive at the hanger, you"}, {"end": "00:32:18", "start": "00:32:15", "text": "find the place humming with activity."}, {"end": "00:32:21", "start": "00:32:16", "text": "Crew members move briskly between"}, {"end": "00:32:23", "start": "00:32:18", "text": "terminals and cargo pallets. Engineers"}, {"end": "00:32:25", "start": "00:32:21", "text": "you don't even recognize are working"}, {"end": "00:32:27", "start": "00:32:23", "text": "shoulderto-shoulder with your own team."}, {"end": "00:32:29", "start": "00:32:25", "text": "The energy here has changed since your"}, {"end": "00:32:32", "start": "00:32:27", "text": "fleet began operations. The station has"}, {"end": "00:32:34", "start": "00:32:29", "text": "come alive. And then the idea hits you."}, {"end": "00:32:36", "start": "00:32:32", "text": "If you're serious about pushing your"}, {"end": "00:32:38", "start": "00:32:34", "text": "faction ahead in the in this scenario,"}, {"end": "00:32:41", "start": "00:32:36", "text": "if you're going to help them win this"}, {"end": "00:32:43", "start": "00:32:38", "text": "competition, this place needs more than"}, {"end": "00:32:45", "start": "00:32:41", "text": "ships and missions. It needs life,"}, {"end": "00:32:47", "start": "00:32:43", "text": "trade, logistics, momentum. You need to"}, {"end": "00:32:49", "start": "00:32:45", "text": "turn the star base into a beacon. You"}, {"end": "00:32:52", "start": "00:32:47", "text": "find Sage waiting for you near the upper"}, {"end": "00:32:55", "start": "00:32:49", "text": "catwalk. Her usual calm presence offset"}, {"end": "00:32:58", "start": "00:32:52", "text": "only by the steaming cup in her hand."}, {"end": "00:32:59", "start": "00:32:55", "text": "Kofi, she asks. Darkcore roasters."}, {"end": "00:33:02", "start": "00:32:58", "text": "That's awesome. She replies, offering"}, {"end": "00:33:05", "start": "00:32:59", "text": "the mug your preferred manufacturer. I"}, {"end": "00:33:07", "start": "00:33:02", "text": "hacked a cargo man manifest to um"}, {"end": "00:33:10", "start": "00:33:05", "text": "expedite the um requisition process."}, {"end": "00:33:13", "start": "00:33:07", "text": "Consider it a moral investment. You"}, {"end": "00:33:15", "start": "00:33:10", "text": "accept it, take a grateful sip, then"}, {"end": "00:33:18", "start": "00:33:13", "text": "share your thoughts about trade, about"}, {"end": "00:33:20", "start": "00:33:15", "text": "building um economic activity here,"}, {"end": "00:33:22", "start": "00:33:18", "text": "about drawing merchants and independent"}, {"end": "00:33:25", "start": "00:33:20", "text": "haulers to support your fleet's growing"}, {"end": "00:33:27", "start": "00:33:22", "text": "ambition. She nods, eyes narrowing in"}, {"end": "00:33:30", "start": "00:33:25", "text": "thought. That's sound that that's a"}, {"end": "00:33:32", "start": "00:33:27", "text": "sound idea, Captain. Market simulation"}, {"end": "00:33:34", "start": "00:33:30", "text": "will attract traffic, and traffic"}, {"end": "00:33:37", "start": "00:33:32", "text": "attracts opportunity. Let's start small."}, {"end": "00:33:39", "start": "00:33:34", "text": "Bids to buy 10,000 units each of fuel,"}, {"end": "00:33:41", "start": "00:33:37", "text": "ammunition, and food. That'll get the"}, {"end": "00:33:43", "start": "00:33:39", "text": "traders sniffing around. You grin. Set"}, {"end": "00:33:46", "start": "00:33:41", "text": "the orders. I'll work on fleet expansion"}, {"end": "00:33:47", "start": "00:33:43", "text": "plans. Already on it, she replies,"}, {"end": "00:33:49", "start": "00:33:46", "text": "walking towards the nearest terminal."}, {"end": "00:33:53", "start": "00:33:47", "text": "Let's turn this outpost into a beating"}, {"end": "00:33:55", "start": "00:33:49", "text": "heart of the medium zone to watch her go"}, {"end": "00:33:58", "start": "00:33:53", "text": "to warm the warm cup still in your hand"}, {"end": "00:34:00", "start": "00:33:55", "text": "and wonder just how far you can take"}, {"end": "00:34:03", "start": "00:33:58", "text": "this station and your crew. All right,"}, {"end": "00:34:06", "start": "00:34:00", "text": "so it says set a buy order for fuel. And"}, {"end": "00:34:09", "start": "00:34:03", "text": "we are still working out of kamik. So,"}, {"end": "00:34:13", "start": "00:34:06", "text": "we're going to go to the market and"}, {"end": "00:34:16", "start": "00:34:09", "text": "let's see. We went to So, fuel is going"}, {"end": "00:34:20", "start": "00:34:13", "text": "for 000075,"}, {"end": "00:34:23", "start": "00:34:16", "text": "right? Um, so create an order. Um, let's"}, {"end": "00:34:28", "start": "00:34:20", "text": "create an order for fuel."}, {"end": "00:34:28", "start": "00:34:23", "text": "So, the quantity we need 10,000, right?"}, {"end": "00:34:33", "start": "00:34:29", "text": "0.75"}, {"end": "00:34:37", "start": "00:34:31", "text": "is the fair price here. A whole whopping"}, {"end": "00:34:40", "start": "00:34:33", "text": "7.5 atlas. So, we'll place a buy order."}, {"end": "00:34:41", "start": "00:34:37", "text": "And that that was that. So, that's"}, {"end": "00:34:43", "start": "00:34:40", "text": "great. I'll check in. So, I'm going to"}, {"end": "00:34:44", "start": "00:34:41", "text": "do this for the other two and hopefully"}, {"end": "00:34:47", "start": "00:34:43", "text": "we finish the mission."}, {"end": "00:34:50", "start": "00:34:44", "text": ">> 1 minute 37 seconds later."}, {"end": "00:34:54", "start": "00:34:47", "text": ">> All right. I did my all my buy orders"}, {"end": "00:34:56", "start": "00:34:50", "text": "and now I can complete the quest. Nice."}, {"end": "00:34:58", "start": "00:34:54", "text": "Now, I was kind of pre-ereading. This is"}, {"end": "00:35:01", "start": "00:34:56", "text": "kind of a big one right here. Um, it"}, {"end": "00:35:02", "start": "00:34:58", "text": "says craft f five fimble um airbikes."}, {"end": "00:35:04", "start": "00:35:01", "text": "But look what else I have to I have to"}, {"end": "00:35:08", "start": "00:35:02", "text": "craft. craft five fimble airbikes, 20"}, {"end": "00:35:10", "start": "00:35:04", "text": "fimble lobies, and 10 fimble bios herps."}, {"end": "00:35:14", "start": "00:35:08", "text": "Um, but I get, what do I get? I get"}, {"end": "00:35:16", "start": "00:35:10", "text": "230,000 XP, 65 atlas, and 30 crew"}, {"end": "00:35:20", "start": "00:35:14", "text": "members, which is awesome. So, I'm going"}, {"end": "00:35:21", "start": "00:35:16", "text": "to work on that. Um, I am going out to"}, {"end": "00:35:23", "start": "00:35:20", "text": "see fireworks cuz it's the 4th of July."}, {"end": "00:35:25", "start": "00:35:21", "text": "So, I will read this tomorrow and do all"}, {"end": "00:35:27", "start": "00:35:23", "text": "that crafting. And, uh, yeah, it'll just"}, {"end": "00:35:29", "start": "00:35:25", "text": "be a blink of the eye for you guys. So,"}, {"end": "00:35:31", "start": "00:35:27", "text": "I'll talk to you guys in a bit"}, {"end": "00:35:33", "start": "00:35:29", "text": ">> tomorrow for sure."}, {"end": "00:35:35", "start": "00:35:31", "text": ">> All right. So, I actually finished the"}, {"end": "00:35:36", "start": "00:35:33", "text": "mission and actually claimed the rewards"}, {"end": "00:35:37", "start": "00:35:35", "text": "last night. It was kind of late and I"}, {"end": "00:35:39", "start": "00:35:36", "text": "didn't really want to um record the"}, {"end": "00:35:40", "start": "00:35:37", "text": "video, but uh I was antsy to get my new"}, {"end": "00:35:42", "start": "00:35:39", "text": "crew members. But, let's read through"}, {"end": "00:35:44", "start": "00:35:40", "text": "the mission right here. It says, \"After"}, {"end": "00:35:46", "start": "00:35:42", "text": "countless hours of analysis, modeling.\""}, {"end": "00:35:48", "start": "00:35:44", "text": "All right, guys. I'm going to cut this"}, {"end": "00:35:50", "start": "00:35:46", "text": "off right here just because um I'm going"}, {"end": "00:35:52", "start": "00:35:48", "text": "to read too long segments of lore. And I"}, {"end": "00:35:53", "start": "00:35:50", "text": "don't want to make this video, you know,"}, {"end": "00:35:55", "start": "00:35:52", "text": "too long and just lose you guys, you"}, {"end": "00:35:57", "start": "00:35:53", "text": "know. So, I'll, you know, hang tight and"}, {"end": "00:35:58", "start": "00:35:55", "text": "I'll have the next episode coming out"}, {"end": "00:36:00", "start": "00:35:57", "text": "real soon. Hopefully, I'll get to it um"}, {"end": "00:36:02", "start": "00:35:58", "text": "this upcoming um weekend at the time of"}, {"end": "00:36:03", "start": "00:36:00", "text": "making this video. Um, did you catch the"}, {"end": "00:36:07", "start": "00:36:02", "text": "fact that I recorded this all the way"}, {"end": "00:36:09", "start": "00:36:03", "text": "back on July 4th and it is now the 23rd"}, {"end": "00:36:11", "start": "00:36:07", "text": "at the time of recording this? Um, so I"}, {"end": "00:36:13", "start": "00:36:09", "text": "have that much footage to uh put out. So"}, {"end": "00:36:14", "start": "00:36:11", "text": "hang tight, man. It's coming. I'll talk"}, {"end": "00:36:15", "start": "00:36:13", "text": "to you guys later. Thanks all for"}, {"end": "00:36:17", "start": "00:36:14", "text": "watching. Make sure you're subscribed."}, {"end": "00:36:18", "start": "00:36:15", "text": "Make sure you hit the like button if you"}, {"end": "00:36:22", "start": "00:36:17", "text": "enjoy this. I'll see you guys in the"}, {"end": "00:36:22", "start": "00:36:18", "text": "next one. later."}, {"end": "00:36:36", "start": "00:36:33", "text": "Heat."}]

[{"end": "00:00:04", "start": "00:00:00", "text": "Yo, what's up captains and cadetses?"}, {"end": "00:00:06", "start": "00:00:02", "text": "Man, I've been having a blast playing"}, {"end": "00:00:08", "start": "00:00:04", "text": "Hollow Sim. I can't believe how"}, {"end": "00:00:10", "start": "00:00:06", "text": "addictive and how much fun this game is."}, {"end": "00:00:11", "start": "00:00:08", "text": "And in this episode of Beyond the"}, {"end": "00:00:13", "start": "00:00:10", "text": "Horizon, what we're going to do is we're"}, {"end": "00:00:16", "start": "00:00:11", "text": "going to do a playthrough of the story"}, {"end": "00:00:20", "start": "00:00:13", "text": "line quest. So sit tight and follow"}, {"end": "00:00:20", "start": "00:00:16", "text": "along. Let's go. Wow."}, {"end": "00:00:36", "start": "00:00:31", "text": "Yo, what's up muds, Onies, oosters,"}, {"end": "00:00:38", "start": "00:00:33", "text": "anyone that's new to Star Atlas. Um, if"}, {"end": "00:00:40", "start": "00:00:36", "text": "you are new to Hollowos, what this is is"}, {"end": "00:00:41", "start": "00:00:38", "text": "the browserbased game that Star Atlas"}, {"end": "00:00:43", "start": "00:00:40", "text": "put out and you can play for absolutely"}, {"end": "00:00:45", "start": "00:00:41", "text": "for free. You don't have to buy a single"}, {"end": "00:00:47", "start": "00:00:43", "text": "thing, purchase anything to play. You"}, {"end": "00:00:49", "start": "00:00:45", "text": "just like log in and start following"}, {"end": "00:00:50", "start": "00:00:47", "text": "along in the tutorial. It'll teach you"}, {"end": "00:00:52", "start": "00:00:49", "text": "how to play. And if you have any"}, {"end": "00:00:54", "start": "00:00:50", "text": "questions about the tutorial, I have two"}, {"end": "00:00:56", "start": "00:00:52", "text": "videos that I already put out um walking"}, {"end": "00:00:58", "start": "00:00:54", "text": "through how that tutorial works and you"}, {"end": "00:01:00", "start": "00:00:56", "text": "know, getting yourself started within"}, {"end": "00:01:02", "start": "00:00:58", "text": "the game. Um what we're going to do now"}, {"end": "00:01:03", "start": "00:01:00", "text": "is we're going to go to quests and we're"}, {"end": "00:01:05", "start": "00:01:02", "text": "going to go through the whole storyline"}, {"end": "00:01:08", "start": "00:01:03", "text": "quest. Um as you can see, I've completed"}, {"end": "00:01:09", "start": "00:01:05", "text": "a lot, but when we start this video, I"}, {"end": "00:01:13", "start": "00:01:08", "text": "was brand new to the storyline quest."}, {"end": "00:01:15", "start": "00:01:09", "text": "I'm also on level 43 and jeez, I'm in"}, {"end": "00:01:17", "start": "00:01:13", "text": "the 200s or 300s or something, 400s. I"}, {"end": "00:01:19", "start": "00:01:15", "text": "don't even remember where I was when I"}, {"end": "00:01:21", "start": "00:01:17", "text": "actually started recording this cuz it"}, {"end": "00:01:22", "start": "00:01:19", "text": "was like weeks ago. So, ah man, I have"}, {"end": "00:01:23", "start": "00:01:21", "text": "weeks and weeks of footage to put out."}, {"end": "00:01:26", "start": "00:01:22", "text": "So, this is going to be part one of a"}, {"end": "00:01:27", "start": "00:01:23", "text": "multiple part series um with the you"}, {"end": "00:01:29", "start": "00:01:26", "text": "know doing the whole entire walkthrough"}, {"end": "00:01:32", "start": "00:01:27", "text": "of the storyline quests. Um and what"}, {"end": "00:01:33", "start": "00:01:29", "text": "we're doing is this is only season one"}, {"end": "00:01:35", "start": "00:01:32", "text": "of Hollowosim. The team already has"}, {"end": "00:01:37", "start": "00:01:33", "text": "multiple seasons planned out it seems."}, {"end": "00:01:38", "start": "00:01:35", "text": "And uh just to show you this um what"}, {"end": "00:01:40", "start": "00:01:37", "text": "we're going to do is we're going to take"}, {"end": "00:01:41", "start": "00:01:38", "text": "uh listen to a quick little segment from"}, {"end": "00:01:43", "start": "00:01:40", "text": "the Atlas Brew from a few weeks ago um"}, {"end": "00:01:46", "start": "00:01:41", "text": "at the time of recording this um where"}, {"end": "00:01:48", "start": "00:01:43", "text": "they're talking about um how this is"}, {"end": "00:01:49", "start": "00:01:46", "text": "Hollow Sim season 1. And what this"}, {"end": "00:01:51", "start": "00:01:48", "text": "really is is just the beta of the game."}, {"end": "00:01:52", "start": "00:01:49", "text": "It's like the testing phase of the game"}, {"end": "00:01:54", "start": "00:01:51", "text": "to see if this all works because this"}, {"end": "00:01:57", "start": "00:01:52", "text": "game even though it's free to play is"}, {"end": "00:02:00", "start": "00:01:54", "text": "actually on a clone of the Salana"}, {"end": "00:02:02", "start": "00:01:57", "text": "blockchain which is so cool. And um even"}, {"end": "00:02:04", "start": "00:02:00", "text": "the money that we're using is a clone of"}, {"end": "00:02:07", "start": "00:02:02", "text": "our Atlas u of our normal atlas for Star"}, {"end": "00:02:08", "start": "00:02:04", "text": "Atlas and it's called Z Atlas. Um with"}, {"end": "00:02:10", "start": "00:02:07", "text": "that said, let's listen to the guys talk"}, {"end": "00:02:12", "start": "00:02:08", "text": "and I'll discuss a little bit more uh"}, {"end": "00:02:13", "start": "00:02:10", "text": "about you know my thoughts."}, {"end": "00:02:14", "start": "00:02:12", "text": "How are things in holos just there right"}, {"end": "00:02:18", "start": "00:02:13", "text": "now as well?"}, {"end": "00:02:21", "start": "00:02:14", "text": "Man, holy holy has been pure chaos. Like"}, {"end": "00:02:24", "start": "00:02:18", "text": "for real I have been watching today the"}, {"end": "00:02:26", "start": "00:02:21", "text": "worster fleet pretty much wipe the floor"}, {"end": "00:02:28", "start": "00:02:24", "text": "with the other factions. Holmes as you"}, {"end": "00:02:30", "start": "00:02:26", "text": "can see holos is on fire. We are we are"}, {"end": "00:02:33", "start": "00:02:28", "text": "having fun there. Uh I feel like we are"}, {"end": "00:02:35", "start": "00:02:30", "text": "reaching a very good spot with holos and"}, {"end": "00:02:37", "start": "00:02:33", "text": "it's we are getting close to the point"}, {"end": "00:02:40", "start": "00:02:35", "text": "where we are going to close this test"}, {"end": "00:02:41", "start": "00:02:37", "text": "for now. So keep playing guys, keep"}, {"end": "00:02:44", "start": "00:02:40", "text": "breaking stuff. The results have been"}, {"end": "00:02:45", "start": "00:02:41", "text": "super positive. You guys have been doing"}, {"end": "00:02:48", "start": "00:02:44", "text": "a lot of good work there. I'm super"}, {"end": "00:02:50", "start": "00:02:45", "text": "proud of you guys. And the new seasons,"}, {"end": "00:02:52", "start": "00:02:48", "text": "the new chapters of Hall are going to be"}, {"end": "00:02:53", "start": "00:02:50", "text": "wild. Get ready. Yeah, it's super"}, {"end": "00:02:54", "start": "00:02:52", "text": "interesting actually to see the the"}, {"end": "00:02:57", "start": "00:02:53", "text": "three factions rising and being"}, {"end": "00:02:58", "start": "00:02:54", "text": "competitive with one another and beef"}, {"end": "00:03:01", "start": "00:02:57", "text": "starting to rise and tensions in the air"}, {"end": "00:03:02", "start": "00:02:58", "text": "and promises of pain and revenge. That's"}, {"end": "00:03:03", "start": "00:03:01", "text": "what Halloween is about. I'm proud of"}, {"end": "00:03:05", "start": "00:03:02", "text": "everyone involved."}, {"end": "00:03:07", "start": "00:03:03", "text": "Yeah. Yeah. And it's about to get even"}, {"end": "00:03:09", "start": "00:03:05", "text": "better with the next season, but we"}, {"end": "00:03:11", "start": "00:03:07", "text": "won't say we won't say anything yet. We"}, {"end": "00:03:12", "start": "00:03:09", "text": "won't say anything yet."}, {"end": "00:03:13", "start": "00:03:11", "text": "All right. So, when I first actually"}, {"end": "00:03:15", "start": "00:03:12", "text": "heard that, I was a little worried. I"}, {"end": "00:03:16", "start": "00:03:13", "text": "was like, \"Oh my gosh, wait. Is Hollow"}, {"end": "00:03:17", "start": "00:03:15", "text": "Sim about to end? should I even put out"}, {"end": "00:03:18", "start": "00:03:16", "text": "these videos cuz I'm not going to be"}, {"end": "00:03:20", "start": "00:03:17", "text": "able to uh you know finish my whole"}, {"end": "00:03:23", "start": "00:03:18", "text": "entire recording and playthrough of the"}, {"end": "00:03:26", "start": "00:03:20", "text": "story line. And I reached out um to Jose"}, {"end": "00:03:27", "start": "00:03:23", "text": "and um he answered me back and said"}, {"end": "00:03:29", "start": "00:03:26", "text": "there is still plenty of time to play"}, {"end": "00:03:31", "start": "00:03:27", "text": "Hollow Sim. So if you guys want to jump"}, {"end": "00:03:32", "start": "00:03:29", "text": "on in, go for it. There could be rewards"}, {"end": "00:03:34", "start": "00:03:31", "text": "for actually testing out the beta and"}, {"end": "00:03:35", "start": "00:03:32", "text": "helping break things as they fix things"}, {"end": "00:03:36", "start": "00:03:34", "text": "so they can make this game better and"}, {"end": "00:03:39", "start": "00:03:35", "text": "better and better. So it might be worth"}, {"end": "00:03:41", "start": "00:03:36", "text": "you playing if you are uh watching this"}, {"end": "00:03:43", "start": "00:03:39", "text": "um shortly after I release these videos."}, {"end": "00:03:44", "start": "00:03:41", "text": "Um but the you know one of the biggest"}, {"end": "00:03:47", "start": "00:03:43", "text": "reasons that I want to put all these out"}, {"end": "00:03:48", "start": "00:03:44", "text": "is for posterity sake. You know people"}, {"end": "00:03:50", "start": "00:03:47", "text": "especially if hollow sim takes off"}, {"end": "00:03:51", "start": "00:03:48", "text": "people might you know kind of want to"}, {"end": "00:03:54", "start": "00:03:50", "text": "want to know where it all started and"}, {"end": "00:03:56", "start": "00:03:51", "text": "what the story line actually was. Um and"}, {"end": "00:03:58", "start": "00:03:54", "text": "with that said um I am going to be"}, {"end": "00:04:01", "start": "00:03:56", "text": "playing the story line. There's actually"}, {"end": "00:04:02", "start": "00:03:58", "text": "a um an AI bot um called Sage that"}, {"end": "00:04:04", "start": "00:04:01", "text": "actually reads the story line. And"}, {"end": "00:04:06", "start": "00:04:02", "text": "eventually she only does so many"}, {"end": "00:04:08", "start": "00:04:04", "text": "actually uh quests and then eventually I"}, {"end": "00:04:10", "start": "00:04:06", "text": "start reading um the story line as"}, {"end": "00:04:12", "start": "00:04:08", "text": "they'll probably be in part two and part"}, {"end": "00:04:13", "start": "00:04:10", "text": "three. um I start reading them myself,"}, {"end": "00:04:14", "start": "00:04:12", "text": "but I really think you guys should"}, {"end": "00:04:15", "start": "00:04:13", "text": "listen to the story line because the"}, {"end": "00:04:16", "start": "00:04:14", "text": "story is really, really good. And I'm"}, {"end": "00:04:18", "start": "00:04:15", "text": "sure a lot of you guys out there"}, {"end": "00:04:19", "start": "00:04:16", "text": "actually played Hollow Sim and kind of"}, {"end": "00:04:20", "start": "00:04:18", "text": "never even read the story, you know,"}, {"end": "00:04:21", "start": "00:04:19", "text": "just, you know, you're so hyped to"}, {"end": "00:04:23", "start": "00:04:20", "text": "actually like do the quest that you"}, {"end": "00:04:25", "start": "00:04:21", "text": "actually didn't read anything. So, man,"}, {"end": "00:04:27", "start": "00:04:23", "text": "this is a good chance to follow along"}, {"end": "00:04:28", "start": "00:04:25", "text": "and read the story. If you know, if for"}, {"end": "00:04:30", "start": "00:04:27", "text": "some reason it bores you or you know,"}, {"end": "00:04:31", "start": "00:04:28", "text": "you you just want to see like how to"}, {"end": "00:04:32", "start": "00:04:30", "text": "actually play, you could always like"}, {"end": "00:04:34", "start": "00:04:31", "text": "kind of skip through the storyline"}, {"end": "00:04:35", "start": "00:04:32", "text": "parts, but I do want to keep all that in"}, {"end": "00:04:38", "start": "00:04:34", "text": "even though it's a little lengthy just"}, {"end": "00:04:39", "start": "00:04:35", "text": "because again, posterity sake and I I"}, {"end": "00:04:40", "start": "00:04:38", "text": "really enjoy the story. I think it's a,"}, {"end": "00:04:42", "start": "00:04:39", "text": "you know, really adds a different"}, {"end": "00:04:44", "start": "00:04:40", "text": "dynamic to the game. So, with that said,"}, {"end": "00:04:47", "start": "00:04:42", "text": "let's jump on into it. Let's start"}, {"end": "00:04:49", "start": "00:04:44", "text": "playing season 1 storyline quest total"}, {"end": "00:04:50", "start": "00:04:47", "text": "playthrough walkthrough. And this is"}, {"end": "00:04:53", "start": "00:04:49", "text": "part one. Let's go."}, {"end": "00:04:55", "start": "00:04:50", "text": "8:01 p.m."}, {"end": "00:04:57", "start": "00:04:53", "text": "Yo, what's up, muds onies, anders, and"}, {"end": "00:05:00", "start": "00:04:55", "text": "anyone else that is new to Star Atlas."}, {"end": "00:05:02", "start": "00:04:57", "text": "This is my third episode on Hollow Sim"}, {"end": "00:05:04", "start": "00:05:00", "text": "I've created so far. And if you have not"}, {"end": "00:05:07", "start": "00:05:02", "text": "watched the first two, I started out"}, {"end": "00:05:09", "start": "00:05:04", "text": "making two on the tutorial quest line."}, {"end": "00:05:10", "start": "00:05:07", "text": "So, there's a bunch of different quests"}, {"end": "00:05:12", "start": "00:05:09", "text": "if you come on the right hand corner"}, {"end": "00:05:14", "start": "00:05:10", "text": "right here. And what I did is I went"}, {"end": "00:05:16", "start": "00:05:12", "text": "through the all the tutorial ones in my"}, {"end": "00:05:17", "start": "00:05:14", "text": "first two episodes. And so, if you're"}, {"end": "00:05:19", "start": "00:05:16", "text": "new to Hollowos, go check those two"}, {"end": "00:05:22", "start": "00:05:17", "text": "episodes out first and then come back to"}, {"end": "00:05:23", "start": "00:05:19", "text": "this one. Um, in this um this particular"}, {"end": "00:05:24", "start": "00:05:22", "text": "one, what I want to do is I want to go"}, {"end": "00:05:26", "start": "00:05:23", "text": "through the storyline quests. I've yet"}, {"end": "00:05:28", "start": "00:05:24", "text": "to actually start to go through those"}, {"end": "00:05:30", "start": "00:05:26", "text": "other than the very first one. And um"}, {"end": "00:05:31", "start": "00:05:28", "text": "there's a bunch of stuff that I think I"}, {"end": "00:05:33", "start": "00:05:30", "text": "can't do until I go through the"}, {"end": "00:05:35", "start": "00:05:31", "text": "storyline quests. So, I've been kind of"}, {"end": "00:05:37", "start": "00:05:33", "text": "chomping at the bit to get to them, but"}, {"end": "00:05:39", "start": "00:05:35", "text": "I just haven't had time to uh record a"}, {"end": "00:05:41", "start": "00:05:37", "text": "video. Speaking of not having time, boy,"}, {"end": "00:05:44", "start": "00:05:39", "text": "I wish since day one, I was actually"}, {"end": "00:05:46", "start": "00:05:41", "text": "doing the daily um the dailies right"}, {"end": "00:05:48", "start": "00:05:44", "text": "here. There's a quest for every single"}, {"end": "00:05:50", "start": "00:05:46", "text": "day. If you click on that daily quest,"}, {"end": "00:05:52", "start": "00:05:48", "text": "you get 100 Z Atlas, which is the"}, {"end": "00:05:55", "start": "00:05:50", "text": "currency for this game, and you get 21"}, {"end": "00:05:57", "start": "00:05:52", "text": "crew members. Um, had I been doing that,"}, {"end": "00:05:59", "start": "00:05:55", "text": "I would not be as bottlenecked as I am"}, {"end": "00:06:00", "start": "00:05:57", "text": "right now because I really need more"}, {"end": "00:06:02", "start": "00:05:59", "text": "crew members to make my crafting go"}, {"end": "00:06:04", "start": "00:06:00", "text": "faster now that I've actually been uh"}, {"end": "00:06:05", "start": "00:06:02", "text": "getting into the game a little bit more."}, {"end": "00:06:07", "start": "00:06:04", "text": "Um, you could see right here, look at"}, {"end": "00:06:09", "start": "00:06:05", "text": "all these fleets I have. Um, I've been"}, {"end": "00:06:12", "start": "00:06:07", "text": "going loby crazy. I've been um crafting"}, {"end": "00:06:15", "start": "00:06:09", "text": "a whole bunch of different lobies. Um,"}, {"end": "00:06:18", "start": "00:06:12", "text": "so first let's really fast go back just"}, {"end": "00:06:20", "start": "00:06:15", "text": "to um say that I've been playing on for"}, {"end": "00:06:22", "start": "00:06:18", "text": "um this um playthrough. I normally play"}, {"end": "00:06:24", "start": "00:06:20", "text": "Oster in my main star-based game, but I"}, {"end": "00:06:25", "start": "00:06:22", "text": "wanted to give Oni a shot since I've"}, {"end": "00:06:27", "start": "00:06:24", "text": "never played them, and I've done Mud a"}, {"end": "00:06:28", "start": "00:06:25", "text": "few times in some tutorials, but I've"}, {"end": "00:06:30", "start": "00:06:27", "text": "never actually played Oni, so I decided"}, {"end": "00:06:32", "start": "00:06:28", "text": "to go check out their um section of the"}, {"end": "00:06:34", "start": "00:06:30", "text": "map. I'm sorry to be a traitor to the"}, {"end": "00:06:36", "start": "00:06:32", "text": "Uster uh clan over there. But uh yeah, I"}, {"end": "00:06:38", "start": "00:06:34", "text": "figured I just want to see what what"}, {"end": "00:06:40", "start": "00:06:36", "text": "it's like on the uh on the whole, uh"}, {"end": "00:06:43", "start": "00:06:38", "text": "Ooni range over here. Oni range, I'm"}, {"end": "00:06:46", "start": "00:06:40", "text": "sorry. Um, so, um, if we go over to the"}, {"end": "00:06:48", "start": "00:06:43", "text": "Oni Central Space Station and we go over"}, {"end": "00:06:50", "start": "00:06:46", "text": "to crafting, um, boy, I've been"}, {"end": "00:06:52", "start": "00:06:48", "text": "collecting a whole bunch of different,"}, {"end": "00:06:54", "start": "00:06:50", "text": "um, things that I need to craft a whole"}, {"end": "00:06:56", "start": "00:06:52", "text": "bunch of different raw resources. And,"}, {"end": "00:06:58", "start": "00:06:54", "text": "uh, I just don't have enough crafters at"}, {"end": "00:07:00", "start": "00:06:56", "text": "the moment. So, for instance, I just did"}, {"end": "00:07:02", "start": "00:06:58", "text": "some crafting right here. We're going to"}, {"end": "00:07:04", "start": "00:07:00", "text": "collect all of those. Um, we go to craft"}, {"end": "00:07:06", "start": "00:07:02", "text": "workshop. You can see I have 147"}, {"end": "00:07:09", "start": "00:07:04", "text": "crafters, which seems like a lot, but"}, {"end": "00:07:12", "start": "00:07:06", "text": "it's not quite as much as I need because"}, {"end": "00:07:14", "start": "00:07:09", "text": "boy, um, let's look at our inventory"}, {"end": "00:07:16", "start": "00:07:12", "text": "right here. Like I have uh close to 3"}, {"end": "00:07:19", "start": "00:07:14", "text": "million hydrogen or yeah, hydrogen right"}, {"end": "00:07:22", "start": "00:07:16", "text": "here. And if I want to craft that into"}, {"end": "00:07:25", "start": "00:07:19", "text": "fuel, maybe um sell it. Um, let's see."}, {"end": "00:07:27", "start": "00:07:22", "text": "We'll go to fuel"}, {"end": "00:07:28", "start": "00:07:25", "text": "and we'll go to max. Oh, sometimes you"}, {"end": "00:07:31", "start": "00:07:27", "text": "have to double click on the fuel. Make"}, {"end": "00:07:34", "start": "00:07:28", "text": "sure that this area comes up. We hit max"}, {"end": "00:07:37", "start": "00:07:31", "text": "and we go to 147. Um it'll take 5 hours"}, {"end": "00:07:39", "start": "00:07:34", "text": "and 39 minutes, which is way faster than"}, {"end": "00:07:42", "start": "00:07:37", "text": "um what it would take in Starbased I"}, {"end": "00:07:44", "start": "00:07:39", "text": "feel like um for only 147 crafters, but"}, {"end": "00:07:45", "start": "00:07:42", "text": "at the at the same time that would take"}, {"end": "00:07:47", "start": "00:07:44", "text": "up like a big chunk of my day if I want"}, {"end": "00:07:49", "start": "00:07:45", "text": "to uh you know keep playing throughout"}, {"end": "00:07:51", "start": "00:07:47", "text": "the day, keep playing um this hollow sim"}, {"end": "00:07:52", "start": "00:07:49", "text": "game. So um I'd love to have more"}, {"end": "00:07:54", "start": "00:07:51", "text": "crafters. And one of the ways I could do"}, {"end": "00:07:56", "start": "00:07:52", "text": "that is I can get rid of a bunch of my"}, {"end": "00:07:57", "start": "00:07:54", "text": "airbikes that do not have as much cargo"}, {"end": "00:07:59", "start": "00:07:56", "text": "as the lobies I've been crafting right"}, {"end": "00:08:01", "start": "00:07:57", "text": "now. And maybe maybe following the story"}, {"end": "00:08:03", "start": "00:07:59", "text": "line, we can actually craft even bigger"}, {"end": "00:08:05", "start": "00:08:01", "text": "ships. Um, lobies are some extra small"}, {"end": "00:08:07", "start": "00:08:03", "text": "ships. Airbikes are extra extra small"}, {"end": "00:08:08", "start": "00:08:05", "text": "ships, but I was hoping to craft a few"}, {"end": "00:08:11", "start": "00:08:07", "text": "small ships coming up here in the"}, {"end": "00:08:13", "start": "00:08:08", "text": "future. And if we go to the inventory,"}, {"end": "00:08:14", "start": "00:08:11", "text": "you can see that I've actually been, you"}, {"end": "00:08:16", "start": "00:08:13", "text": "know, kind of crafting a couple"}, {"end": "00:08:17", "start": "00:08:14", "text": "different things um to set myself up to"}, {"end": "00:08:20", "start": "00:08:16", "text": "get some of those small ships. I have"}, {"end": "00:08:22", "start": "00:08:17", "text": "some polymer, some framework, and what"}, {"end": "00:08:24", "start": "00:08:20", "text": "else do I have? Some hydrocarbon kind of"}, {"end": "00:08:27", "start": "00:08:22", "text": "like kind of like sitting in the back"}, {"end": "00:08:28", "start": "00:08:24", "text": "burner right now. Um, what I do need I"}, {"end": "00:08:31", "start": "00:08:27", "text": "think I'm going to need in the future is"}, {"end": "00:08:33", "start": "00:08:28", "text": "some copper. So, I might as well get my"}, {"end": "00:08:35", "start": "00:08:31", "text": "crafters crafting some copper. And then"}, {"end": "00:08:37", "start": "00:08:33", "text": "what we'll do is we'll start getting"}, {"end": "00:08:39", "start": "00:08:35", "text": "into we'll start getting into that uh"}, {"end": "00:08:41", "start": "00:08:37", "text": "those storyline quests and seeing what"}, {"end": "00:08:43", "start": "00:08:39", "text": "else is going to be new for us in this"}, {"end": "00:08:45", "start": "00:08:41", "text": "whole playthrough of Hollowim."}, {"end": "00:08:48", "start": "00:08:43", "text": "All right, so let's get my guys going"}, {"end": "00:08:50", "start": "00:08:45", "text": "real fast here. 147"}, {"end": "00:08:53", "start": "00:08:48", "text": "35 minutes. So, while those guys are"}, {"end": "00:08:58", "start": "00:08:50", "text": "crafting, let's jump in and see what our"}, {"end": "00:09:00", "start": "00:08:53", "text": "girl Sage has to say to us in the in the"}, {"end": "00:09:02", "start": "00:08:58", "text": "storyline quests here. All right, so we"}, {"end": "00:09:04", "start": "00:09:00", "text": "have our crafters crafting copper. We'll"}, {"end": "00:09:05", "start": "00:09:02", "text": "come back to them in the future. And so,"}, {"end": "00:09:06", "start": "00:09:04", "text": "let's go through the story line. So,"}, {"end": "00:09:09", "start": "00:09:05", "text": "this is the first one. It's called the"}, {"end": "00:09:11", "start": "00:09:06", "text": "lady in gold. Um, and the mission"}, {"end": "00:09:13", "start": "00:09:09", "text": "summary. It says, \"Start your adventures"}, {"end": "00:09:15", "start": "00:09:11", "text": "in Hollowoism.\" So you awaken from"}, {"end": "00:09:17", "start": "00:09:13", "text": "nothingness of a dream and by instinct"}, {"end": "00:09:20", "start": "00:09:15", "text": "try to stand only to be slammed back by"}, {"end": "00:09:21", "start": "00:09:17", "text": "a dizzying wave of vertigo and regret."}, {"end": "00:09:24", "start": "00:09:20", "text": "The room tilts and blurs. Your mind"}, {"end": "00:09:26", "start": "00:09:21", "text": "claws at fading fragments of a vision"}, {"end": "00:09:28", "start": "00:09:24", "text": "vivid and sharp just moments ago. The"}, {"end": "00:09:31", "start": "00:09:26", "text": "images had flooded your mind the instant"}, {"end": "00:09:33", "start": "00:09:28", "text": "the tutorial faded to black. Did Sage"}, {"end": "00:09:36", "start": "00:09:31", "text": "send those or was it Hollowism itself"}, {"end": "00:09:38", "start": "00:09:33", "text": "bleeding into your consciousness? A"}, {"end": "00:09:41", "start": "00:09:36", "text": "high-speed fleet engagement. Sudden"}, {"end": "00:09:43", "start": "00:09:38", "text": "ambushes in dead space faces unfamiliar"}, {"end": "00:09:46", "start": "00:09:41", "text": "manning ships. you've never seen before."}, {"end": "00:09:48", "start": "00:09:43", "text": "And at the end, something else. You"}, {"end": "00:09:51", "start": "00:09:46", "text": "flinch. Your stomach turns. Your head"}, {"end": "00:09:53", "start": "00:09:48", "text": "pulses with heat and static. A pressure"}, {"end": "00:09:55", "start": "00:09:51", "text": "wells into your chest, heavy and"}, {"end": "00:09:57", "start": "00:09:53", "text": "unplaceable. You wrestle yourself"}, {"end": "00:10:00", "start": "00:09:55", "text": "upright, planting your palms on the bed"}, {"end": "00:10:02", "start": "00:09:57", "text": "frame. Your body obeys, sluggish but"}, {"end": "00:10:05", "start": "00:10:00", "text": "stable. Was it the ship or a creature?"}, {"end": "00:10:07", "start": "00:10:02", "text": "You blink once, then again. The haze"}, {"end": "00:10:12", "start": "00:10:05", "text": "retreats and the world returns to you to"}, {"end": "00:10:14", "start": "00:10:07", "text": "you with startling clarity. Cautiously,"}, {"end": "00:10:17", "start": "00:10:12", "text": "you turn your head half expecting the"}, {"end": "00:10:19", "start": "00:10:14", "text": "nause nausea to return, but it's gone,"}, {"end": "00:10:21", "start": "00:10:17", "text": "vanished, like it was never there to"}, {"end": "00:10:24", "start": "00:10:19", "text": "begin with. You take in your"}, {"end": "00:10:27", "start": "00:10:21", "text": "surroundings, smooth walls, soft lights."}, {"end": "00:10:29", "start": "00:10:24", "text": "You're in a standard domestic habitat,"}, {"end": "00:10:31", "start": "00:10:27", "text": "virtually identical to the to the to"}, {"end": "00:10:34", "start": "00:10:29", "text": "your own in the real world. You swing"}, {"end": "00:10:36", "start": "00:10:31", "text": "your legs off the bed, reaching to"}, {"end": "00:10:39", "start": "00:10:34", "text": "steady yourself, and that's when the"}, {"end": "00:10:42", "start": "00:10:36", "text": "door slams open. Your reflexes ignite on"}, {"end": "00:10:45", "start": "00:10:39", "text": "your feet. One hand snapped back to the"}, {"end": "00:10:47", "start": "00:10:42", "text": "holster, empty. Your breath catches. You"}, {"end": "00:10:49", "start": "00:10:45", "text": "reach the living room in three quick"}, {"end": "00:10:51", "start": "00:10:47", "text": "strides and stop dead. A woman standing"}, {"end": "00:10:54", "start": "00:10:49", "text": "there, human mud, draped in flowing"}, {"end": "00:10:56", "start": "00:10:51", "text": "gold, smiling as if she's waiting for"}, {"end": "00:10:58", "start": "00:10:54", "text": "this moment longer than you have. And"}, {"end": "00:11:01", "start": "00:10:56", "text": "somehow she's beautiful in a way that"}, {"end": "00:11:04", "start": "00:10:58", "text": "feels rehearsed. Now we can start the"}, {"end": "00:11:07", "start": "00:11:01", "text": "next mission. And it is called a bad"}, {"end": "00:11:10", "start": "00:11:04", "text": "start. Um, step two of three. And we"}, {"end": "00:11:12", "start": "00:11:07", "text": "need to craft 3,000 ammo. So, let's just"}, {"end": "00:11:14", "start": "00:11:10", "text": "listen to uh yeah, to what Sage has to"}, {"end": "00:11:17", "start": "00:11:12", "text": "say right here."}, {"end": "00:11:19", "start": "00:11:14", "text": "GM, good morning, Captain. The melodious"}, {"end": "00:11:21", "start": "00:11:17", "text": "voice of the woman in gold greeted you"}, {"end": "00:11:24", "start": "00:11:19", "text": "with an almost too cheerful smile, and"}, {"end": "00:11:26", "start": "00:11:21", "text": "you recognized it instantly. Sage,"}, {"end": "00:11:28", "start": "00:11:24", "text": "before you can reply, she's already mid"}, {"end": "00:11:30", "start": "00:11:26", "text": "rant, speaking in one unbroken stream of"}, {"end": "00:11:31", "start": "00:11:28", "text": "indignation."}, {"end": "00:11:33", "start": "00:11:30", "text": "Did you sign up for this scenario just"}, {"end": "00:11:35", "start": "00:11:31", "text": "to catch some sleep? Honestly, thanks to"}, {"end": "00:11:37", "start": "00:11:33", "text": "your extended little nap, you're"}, {"end": "00:11:39", "start": "00:11:35", "text": "officially behind everyone else. She"}, {"end": "00:11:40", "start": "00:11:37", "text": "flops dramatically onto the sofa,"}, {"end": "00:11:44", "start": "00:11:39", "text": "helping herself to a glass of water from"}, {"end": "00:11:46", "start": "00:11:40", "text": "the side table, clearly fuming."}, {"end": "00:11:48", "start": "00:11:44", "text": "You missed the entire introductory"}, {"end": "00:11:50", "start": "00:11:46", "text": "ceremony, the grand kickoff for the"}, {"end": "00:11:52", "start": "00:11:48", "text": "cadets becoming certified captains. A"}, {"end": "00:11:55", "start": "00:11:50", "text": "beautiful production full of pomp and"}, {"end": "00:11:57", "start": "00:11:52", "text": "protocol. Oh, and yes, that was the"}, {"end": "00:11:59", "start": "00:11:55", "text": "first quest, too. While you were snoring"}, {"end": "00:12:01", "start": "00:11:57", "text": "away, I had to scramble across the"}, {"end": "00:12:03", "start": "00:11:59", "text": "simulation in this bizarre physical"}, {"end": "00:12:04", "start": "00:12:01", "text": "projection, trying to locate your spawn"}, {"end": "00:12:07", "start": "00:12:03", "text": "point. Do you have any idea what"}, {"end": "00:12:10", "start": "00:12:04", "text": "humidity does to golden makeup?"}, {"end": "00:12:11", "start": "00:12:07", "text": "She downs the water in a long sip, then"}, {"end": "00:12:14", "start": "00:12:10", "text": "exhales and sets the glass down with"}, {"end": "00:12:16", "start": "00:12:11", "text": "theatrical precision."}, {"end": "00:12:19", "start": "00:12:14", "text": "Anyway, it's fine. Let's just get back"}, {"end": "00:12:22", "start": "00:12:16", "text": "on track. Rising to her feet with"}, {"end": "00:12:25", "start": "00:12:19", "text": "purpose, she motions for you to follow."}, {"end": "00:12:27", "start": "00:12:22", "text": "I already assembled your crew. They're"}, {"end": "00:12:29", "start": "00:12:25", "text": "prepped and waiting in the hanger. Let's"}, {"end": "00:12:31", "start": "00:12:27", "text": "see if you remember your tutorial. Form"}, {"end": "00:12:33", "start": "00:12:29", "text": "a fleet with the loby I graciously gave"}, {"end": "00:12:36", "start": "00:12:31", "text": "you. Then we'll send out mining squads"}, {"end": "00:12:37", "start": "00:12:33", "text": "to gather raw materials. We burned"}, {"end": "00:12:39", "start": "00:12:36", "text": "through most of our supplies during"}, {"end": "00:12:41", "start": "00:12:37", "text": "training, and I refused to be stranded"}, {"end": "00:12:44", "start": "00:12:39", "text": "mid warp because someone forgot to stock"}, {"end": "00:12:48", "start": "00:12:41", "text": "fuel. She turns back to you with a"}, {"end": "00:12:50", "start": "00:12:44", "text": "pointed smile. Mine biomass, hydrogen,"}, {"end": "00:12:52", "start": "00:12:48", "text": "and copper ore. Then craft them into"}, {"end": "00:12:54", "start": "00:12:50", "text": "food, fuel, and ammunition. I'm"}, {"end": "00:12:56", "start": "00:12:52", "text": "calculating that 3,000 units of each is"}, {"end": "00:12:58", "start": "00:12:54", "text": "a good start. Let's get our reserves"}, {"end": "00:13:01", "start": "00:12:56", "text": "back to standard levels. Chop chop."}, {"end": "00:13:02", "start": "00:12:58", "text": "Captain, we're late and I do not like"}, {"end": "00:13:05", "start": "00:13:01", "text": "losing."}, {"end": "00:13:08", "start": "00:13:02", "text": "All right, so we got to do 3,000 units"}, {"end": "00:13:10", "start": "00:13:05", "text": "of hydrogen and copper and biomass. And"}, {"end": "00:13:12", "start": "00:13:08", "text": "if we go over to my fleets right now,"}, {"end": "00:13:15", "start": "00:13:10", "text": "you can see that I am already crafting"}, {"end": "00:13:16", "start": "00:13:12", "text": "all of those. So, I didn't really talk"}, {"end": "00:13:18", "start": "00:13:15", "text": "about what all my different lobies that"}, {"end": "00:13:20", "start": "00:13:16", "text": "I've been crafting are actually doing."}, {"end": "00:13:22", "start": "00:13:18", "text": "Um, but I have them basically going out"}, {"end": "00:13:24", "start": "00:13:20", "text": "to all these different areas here in the"}, {"end": "00:13:27", "start": "00:13:22", "text": "safe zone. And I have one fleet that's"}, {"end": "00:13:29", "start": "00:13:24", "text": "way over here um, grabbing luminite and"}, {"end": "00:13:32", "start": "00:13:27", "text": "it's been safe so far. Fingers crossed."}, {"end": "00:13:35", "start": "00:13:29", "text": "Um, but they are grabbing basically all"}, {"end": "00:13:38", "start": "00:13:32", "text": "the like the the main resources that you"}, {"end": "00:13:40", "start": "00:13:35", "text": "need for just uh fuel and ammo and food"}, {"end": "00:13:42", "start": "00:13:38", "text": "um, things like that. So, I'm trying to"}, {"end": "00:13:44", "start": "00:13:40", "text": "stock up on all those, you know, just"}, {"end": "00:13:46", "start": "00:13:42", "text": "those common uh, you know, the common"}, {"end": "00:13:48", "start": "00:13:44", "text": "raw resources. Um, just getting ready to"}, {"end": "00:13:50", "start": "00:13:46", "text": "do some crafting in the future. and also"}, {"end": "00:13:52", "start": "00:13:48", "text": "trying to get my supplies up a little"}, {"end": "00:13:54", "start": "00:13:50", "text": "bit. So, trying to get my ammo, food,"}, {"end": "00:13:55", "start": "00:13:52", "text": "and fuel up. And if I get any extra of"}, {"end": "00:13:57", "start": "00:13:54", "text": "any of them, um I've been kind of trying"}, {"end": "00:13:59", "start": "00:13:55", "text": "to sell them on the market to try to get"}, {"end": "00:14:02", "start": "00:13:57", "text": "my Zatlas up a little bit more. Um so,"}, {"end": "00:14:04", "start": "00:13:59", "text": "yeah. So, I when we go back to that um"}, {"end": "00:14:06", "start": "00:14:02", "text": "that quest right over here, we go to the"}, {"end": "00:14:07", "start": "00:14:04", "text": "storyline quest. It says I've already"}, {"end": "00:14:09", "start": "00:14:06", "text": "completed those. So, I can check on in"}, {"end": "00:14:11", "start": "00:14:07", "text": "and I can grab that XP. And it looks"}, {"end": "00:14:14", "start": "00:14:09", "text": "like a whole bunch of X bunch of XP."}, {"end": "00:14:18", "start": "00:14:11", "text": "85,000. Woohoo. So, so let's hit check"}, {"end": "00:14:20", "start": "00:14:14", "text": "in. processing. And"}, {"end": "00:14:22", "start": "00:14:18", "text": "you know what? Look at that. So, I'm"}, {"end": "00:14:24", "start": "00:14:20", "text": "going to have to actually uh it just"}, {"end": "00:14:25", "start": "00:14:22", "text": "actually I have by checking in now, I"}, {"end": "00:14:27", "start": "00:14:24", "text": "have to actually go through that. So,"}, {"end": "00:14:30", "start": "00:14:25", "text": "I'm going to actually have to uh yeah,"}, {"end": "00:14:31", "start": "00:14:27", "text": "mine each one of those. And so, I'll you"}, {"end": "00:14:33", "start": "00:14:30", "text": "know, have my ships do that and then"}, {"end": "00:14:35", "start": "00:14:31", "text": "we'll check back for the next mission."}, {"end": "00:14:38", "start": "00:14:33", "text": "So, I'll see you guys in a second."}, {"end": "00:14:41", "start": "00:14:35", "text": "A few moments later."}, {"end": "00:14:43", "start": "00:14:38", "text": "All right. So, I have done what I'm"}, {"end": "00:14:46", "start": "00:14:41", "text": "supposed to do. I did 3,000 units of"}, {"end": "00:14:49", "start": "00:14:43", "text": "food, fuel, and ammunition. Um, so I can"}, {"end": "00:14:52", "start": "00:14:46", "text": "complete this quest. There we go. Reward"}, {"end": "00:14:54", "start": "00:14:49", "text": "claimed. That was a ton of XP, man. All"}, {"end": "00:14:56", "start": "00:14:52", "text": "right. And just real fast, remember I"}, {"end": "00:14:59", "start": "00:14:54", "text": "said I lost my guys in combat. Well, it"}, {"end": "00:15:02", "start": "00:14:56", "text": "says now rescued to the CSS. So, they're"}, {"end": "00:15:02", "start": "00:14:59", "text": "sitting here at Nuno. So, um, this is"}, {"end": "00:15:04", "start": "00:15:02", "text": "the first time I've ever experienced"}, {"end": "00:15:06", "start": "00:15:02", "text": "this, but it says I can recover my"}, {"end": "00:15:08", "start": "00:15:04", "text": "fleet."}, {"end": "00:15:10", "start": "00:15:06", "text": "And oh, looks like now I have to repair"}, {"end": "00:15:12", "start": "00:15:08", "text": "my fleet."}, {"end": "00:15:14", "start": "00:15:10", "text": "and critical conditions and needs"}, {"end": "00:15:16", "start": "00:15:12", "text": "repair. I think I need tool kits in"}, {"end": "00:15:19", "start": "00:15:14", "text": "order to repair my fleet possibly. Um"}, {"end": "00:15:19", "start": "00:15:16", "text": "I'll have to look into that. Um I'll be"}, {"end": "00:15:21", "start": "00:15:19", "text": "right back."}, {"end": "00:15:23", "start": "00:15:19", "text": "One hour later."}, {"end": "00:15:28", "start": "00:15:21", "text": "All right. So, I'm loving the chat. We"}, {"end": "00:15:28", "start": "00:15:23", "text": "have not only do we have um an AI chat"}, {"end": "00:15:32", "start": "00:15:29", "text": "2 hours later."}, {"end": "00:15:35", "start": "00:15:31", "text": "So, I actually recorded the next segment"}, {"end": "00:15:36", "start": "00:15:32", "text": "of my video, but for some reason the"}, {"end": "00:15:37", "start": "00:15:35", "text": "screen was black. You can only hear my"}, {"end": "00:15:38", "start": "00:15:36", "text": "voice. So, what I'm going to do is I'm"}, {"end": "00:15:41", "start": "00:15:37", "text": "just going to kind of walk you through"}, {"end": "00:15:42", "start": "00:15:38", "text": "real fast. um the next uh the next few"}, {"end": "00:15:45", "start": "00:15:41", "text": "steps that I took um what I did is I"}, {"end": "00:15:47", "start": "00:15:42", "text": "used the chat um and I threw it out"}, {"end": "00:15:51", "start": "00:15:45", "text": "there to my faction, the people in my"}, {"end": "00:15:52", "start": "00:15:47", "text": "faction and NDR and uh info in Foloy uh"}, {"end": "00:15:55", "start": "00:15:51", "text": "got back to me if I'm saying your name"}, {"end": "00:15:57", "start": "00:15:52", "text": "right. Hopefully I am. Um and they"}, {"end": "00:15:58", "start": "00:15:55", "text": "basically helped me get my ship up and"}, {"end": "00:16:01", "start": "00:15:57", "text": "running. I definitely needed tool kits"}, {"end": "00:16:04", "start": "00:15:58", "text": "to actually um do the repair. Um I"}, {"end": "00:16:05", "start": "00:16:01", "text": "crafted 30,000 toolkits and my ship was,"}, {"end": "00:16:07", "start": "00:16:04", "text": "you know, able to go back out and start"}, {"end": "00:16:09", "start": "00:16:05", "text": "mining again. So that was pretty cool. I"}, {"end": "00:16:11", "start": "00:16:07", "text": "love the chat. I also tried uh typing in"}, {"end": "00:16:12", "start": "00:16:09", "text": "the AI which actually gave me some good"}, {"end": "00:16:14", "start": "00:16:11", "text": "tips but didn't tell me about the"}, {"end": "00:16:17", "start": "00:16:12", "text": "toolkits. Um so thank goodness the um"}, {"end": "00:16:20", "start": "00:16:14", "text": "faction chat was out there. Um next"}, {"end": "00:16:22", "start": "00:16:17", "text": "thing I did is I um went over and I did"}, {"end": "00:16:25", "start": "00:16:20", "text": "the next step in the story line and the"}, {"end": "00:16:28", "start": "00:16:22", "text": "next step was right here"}, {"end": "00:16:30", "start": "00:16:25", "text": "and it was craft 10 fimble airbikes and"}, {"end": "00:16:31", "start": "00:16:28", "text": "three fimble lobies. Um I'm just going"}, {"end": "00:16:34", "start": "00:16:30", "text": "to play the audio real fast for you"}, {"end": "00:16:35", "start": "00:16:31", "text": "guys. Once the resources are secured and"}, {"end": "00:16:37", "start": "00:16:34", "text": "logged into the central space station's"}, {"end": "00:16:39", "start": "00:16:35", "text": "cargo bay, you notice a shift in Sage's"}, {"end": "00:16:41", "start": "00:16:37", "text": "demeanor. The tension in her frame"}, {"end": "00:16:43", "start": "00:16:39", "text": "eases. Her tone smooths back into its"}, {"end": "00:16:45", "start": "00:16:41", "text": "signature melody. And then,"}, {"end": "00:16:48", "start": "00:16:43", "text": "surprisingly, she gives you a real"}, {"end": "00:16:50", "start": "00:16:45", "text": "unforced smile."}, {"end": "00:16:53", "start": "00:16:48", "text": "\"That should stabilize our reserves for"}, {"end": "00:16:55", "start": "00:16:50", "text": "now.\" \"Good work, Captain,\" she says,"}, {"end": "00:16:58", "start": "00:16:53", "text": "brushing a speck of invisible dust from"}, {"end": "00:17:00", "start": "00:16:55", "text": "her golden sleeve. Then, with a softer"}, {"end": "00:17:02", "start": "00:16:58", "text": "glint in her eye, she adds, \"We should"}, {"end": "00:17:03", "start": "00:17:00", "text": "talk about the ceremony you missed. Why"}, {"end": "00:17:05", "start": "00:17:02", "text": "don't we take our new loby for a spin"}, {"end": "00:17:08", "start": "00:17:03", "text": "around the CSS central space station and"}, {"end": "00:17:09", "start": "00:17:05", "text": "chat for a bit? You nod, but just as"}, {"end": "00:17:12", "start": "00:17:08", "text": "you're about to climb into the cockpit,"}, {"end": "00:17:14", "start": "00:17:09", "text": "your mind stutters."}, {"end": "00:17:16", "start": "00:17:12", "text": "The images, those strange fragments that"}, {"end": "00:17:18", "start": "00:17:14", "text": "assaulted your senses as the tutorial"}, {"end": "00:17:20", "start": "00:17:16", "text": "faded. Battlefields lit by flares,"}, {"end": "00:17:23", "start": "00:17:18", "text": "unfamiliar faces shouting over calms,"}, {"end": "00:17:24", "start": "00:17:20", "text": "and that final image, a ship, or perhaps"}, {"end": "00:17:27", "start": "00:17:23", "text": "a living thing pulsating with some"}, {"end": "00:17:30", "start": "00:17:24", "text": "unknowable rhythm."}, {"end": "00:17:33", "start": "00:17:27", "text": "You pause. The memory coils in your gut"}, {"end": "00:17:35", "start": "00:17:30", "text": "like static, should you ask? But the"}, {"end": "00:17:37", "start": "00:17:33", "text": "thought of explaining it to Sage feels"}, {"end": "00:17:39", "start": "00:17:35", "text": "absurd. You're already the captain who"}, {"end": "00:17:41", "start": "00:17:37", "text": "overslept the mission launch. Add"}, {"end": "00:17:43", "start": "00:17:39", "text": "traumatized by a dream to that"}, {"end": "00:17:46", "start": "00:17:41", "text": "reputation and you might be expelled"}, {"end": "00:17:48", "start": "00:17:43", "text": "from the scenario. You shake it off and"}, {"end": "00:17:51", "start": "00:17:46", "text": "power up the loby. The engine hums"}, {"end": "00:17:53", "start": "00:17:48", "text": "beneath your hands. Sage, oblivious to"}, {"end": "00:17:55", "start": "00:17:51", "text": "your hesitation, slides into the seat"}, {"end": "00:17:58", "start": "00:17:53", "text": "beside you and resumes her usual poise."}, {"end": "00:18:01", "start": "00:17:55", "text": "Her voice carries a tone not often found"}, {"end": "00:18:04", "start": "00:17:58", "text": "in artificial intelligences. Guilt laced"}, {"end": "00:18:06", "start": "00:18:01", "text": "with something close to empathy. I owe"}, {"end": "00:18:07", "start": "00:18:04", "text": "you an apology, she begins as the vessel"}, {"end": "00:18:09", "start": "00:18:06", "text": "lifts from the hanger and joins the"}, {"end": "00:18:12", "start": "00:18:07", "text": "luminous flow of air traffic. I was"}, {"end": "00:18:13", "start": "00:18:09", "text": "sharp with you earlier. It's just the"}, {"end": "00:18:15", "start": "00:18:12", "text": "ceremony you missed wasn't just about"}, {"end": "00:18:18", "start": "00:18:13", "text": "pomp and circumstance. That first quest"}, {"end": "00:18:20", "start": "00:18:15", "text": "wasn't just XP and Zatlas. It was the"}, {"end": "00:18:22", "start": "00:18:18", "text": "official accreditation event with your"}, {"end": "00:18:24", "start": "00:18:20", "text": "factions manufacturer."}, {"end": "00:18:26", "start": "00:18:22", "text": "She sighed softly, as if bracing for"}, {"end": "00:18:28", "start": "00:18:24", "text": "your disappointment."}, {"end": "00:18:30", "start": "00:18:26", "text": "Without that quest, we don't get access"}, {"end": "00:18:31", "start": "00:18:28", "text": "to any higher tier ship blueprints"}, {"end": "00:18:34", "start": "00:18:30", "text": "unless we unlock them through the"}, {"end": "00:18:35", "start": "00:18:31", "text": "specializations later in the scenario. I"}, {"end": "00:18:37", "start": "00:18:34", "text": "appealed the decision to the faction"}, {"end": "00:18:39", "start": "00:18:35", "text": "council, but they rejected it. They"}, {"end": "00:18:43", "start": "00:18:37", "text": "said, \"Your next opportunity will be the"}, {"end": "00:18:47", "start": "00:18:39", "text": "next ceremony in 6 months.\" \"I'm sorry,"}, {"end": "00:18:49", "start": "00:18:43", "text": "Captain. I tried.\" For a moment, silence"}, {"end": "00:18:52", "start": "00:18:47", "text": "fills the cabin. Then you chuckle. Sage"}, {"end": "00:18:55", "start": "00:18:49", "text": "turns toward you, visibly puzzled."}, {"end": "00:18:57", "start": "00:18:52", "text": "You're laughing. You nod, a small grin"}, {"end": "00:18:59", "start": "00:18:55", "text": "tugging at your mouth. This actually"}, {"end": "00:19:01", "start": "00:18:57", "text": "feels right. Back home in the medium"}, {"end": "00:19:02", "start": "00:18:59", "text": "zone, fairness was just a word. Nobody"}, {"end": "00:19:04", "start": "00:19:01", "text": "expected the same chances as the safe"}, {"end": "00:19:08", "start": "00:19:02", "text": "zone citizens. Life has always been"}, {"end": "00:19:10", "start": "00:19:04", "text": "tilted. This it just makes Hollisim feel"}, {"end": "00:19:12", "start": "00:19:08", "text": "authentic."}, {"end": "00:19:14", "start": "00:19:10", "text": "Sage is quiet for a moment, processing"}, {"end": "00:19:16", "start": "00:19:12", "text": "your words. Then, with a note of"}, {"end": "00:19:18", "start": "00:19:14", "text": "admiration beneath her synthetic tone,"}, {"end": "00:19:20", "start": "00:19:16", "text": "she replies, \"That's quite the attitude."}, {"end": "00:19:22", "start": "00:19:18", "text": "But if you're locked out of the higher"}, {"end": "00:19:24", "start": "00:19:20", "text": "tier ships, how do you expect to keep up"}, {"end": "00:19:27", "start": "00:19:22", "text": "with those who are not? You glance at"}, {"end": "00:19:29", "start": "00:19:24", "text": "her with a glint in your eye. If we"}, {"end": "00:19:32", "start": "00:19:27", "text": "can't match their quality, we'll make up"}, {"end": "00:19:34", "start": "00:19:29", "text": "for it in numbers. As if the scenario"}, {"end": "00:19:37", "start": "00:19:32", "text": "itself heard your words, a soft chime"}, {"end": "00:19:39", "start": "00:19:34", "text": "pings through your interface. An"}, {"end": "00:19:42", "start": "00:19:37", "text": "opportunity quest has been assigned."}, {"end": "00:19:46", "start": "00:19:39", "text": "Making up with numbers. Craft 10. Fimble"}, {"end": "00:19:48", "start": "00:19:42", "text": "airbikes. Craft three. Fimble lobies."}, {"end": "00:19:50", "start": "00:19:46", "text": "reward."}, {"end": "00:19:51", "start": "00:19:48", "text": "You and Sage exchange a glance. You bank"}, {"end": "00:19:53", "start": "00:19:50", "text": "the Lobi into a smooth arc. Sage"}, {"end": "00:19:54", "start": "00:19:51", "text": "interface is popping around the Lobi"}, {"end": "00:19:57", "start": "00:19:53", "text": "panel as she issues commands to your"}, {"end": "00:19:59", "start": "00:19:54", "text": "crew. The race begins now."}, {"end": "00:20:01", "start": "00:19:57", "text": "All right. So, yeah. So I then what I"}, {"end": "00:20:03", "start": "00:19:59", "text": "did is I crafted the 10 Fimble airbikes,"}, {"end": "00:20:05", "start": "00:20:01", "text": "but I actually crafted more than three"}, {"end": "00:20:08", "start": "00:20:03", "text": "Fimble Lobies because what I wanted to"}, {"end": "00:20:10", "start": "00:20:05", "text": "do is I had a bunch of um uh 31 Fimble"}, {"end": "00:20:11", "start": "00:20:08", "text": "airbikes out um in one of my fleets. And"}, {"end": "00:20:13", "start": "00:20:10", "text": "what I wanted to do is I wanted to"}, {"end": "00:20:16", "start": "00:20:11", "text": "replace them with Fimble Lobies um"}, {"end": "00:20:17", "start": "00:20:13", "text": "because basically I could replace I"}, {"end": "00:20:19", "start": "00:20:16", "text": "think like 10 Fimble Lobies would"}, {"end": "00:20:20", "start": "00:20:17", "text": "replace like the 30 airbikes as far as"}, {"end": "00:20:22", "start": "00:20:19", "text": "cargo space goes and then I would get a"}, {"end": "00:20:24", "start": "00:20:20", "text": "bunch of crew members back. So that is"}, {"end": "00:20:26", "start": "00:20:22", "text": "what I did. And then I put a whole bunch"}, {"end": "00:20:28", "start": "00:20:24", "text": "of airbikes um in the marketplace for"}, {"end": "00:20:30", "start": "00:20:26", "text": "sale. And I'm not too sure if some of"}, {"end": "00:20:33", "start": "00:20:28", "text": "them sold or not. Let's look it up real"}, {"end": "00:20:36", "start": "00:20:30", "text": "fast. Let's do airbikes."}, {"end": "00:20:38", "start": "00:20:33", "text": "Let's see. Ship extra small symbol"}, {"end": "00:20:41", "start": "00:20:36", "text": "airbikes. Um oh, these are all my orders"}, {"end": "00:20:43", "start": "00:20:38", "text": "right here. So not um there was one"}, {"end": "00:20:45", "start": "00:20:41", "text": "right before me and um that actually"}, {"end": "00:20:47", "start": "00:20:43", "text": "those airbikes actually sold. So I have"}, {"end": "00:20:48", "start": "00:20:45", "text": "the lowest priced airbikes in the market"}, {"end": "00:20:50", "start": "00:20:47", "text": "right now. So if you guys are interested"}, {"end": "00:20:52", "start": "00:20:48", "text": "in some airbikes, look at this. I got a"}, {"end": "00:20:54", "start": "00:20:50", "text": "whole bunch of them for sale at this"}, {"end": "00:20:56", "start": "00:20:52", "text": "very very moment. So, so the next thing"}, {"end": "00:21:00", "start": "00:20:54", "text": "I did is I just went one step down to"}, {"end": "00:21:02", "start": "00:20:56", "text": "the next um storyline quest. And what it"}, {"end": "00:21:04", "start": "00:21:00", "text": "said is to craft a Fimble BIOS"}, {"end": "00:21:06", "start": "00:21:02", "text": "packlight. So, I had to use a whole"}, {"end": "00:21:09", "start": "00:21:04", "text": "bunch of resources to craft the pack."}, {"end": "00:21:11", "start": "00:21:06", "text": "And uh yeah, that that brings me up to"}, {"end": "00:21:15", "start": "00:21:09", "text": "where I actually was able to record"}, {"end": "00:21:18", "start": "00:21:11", "text": "again. So, I'll then play it from here."}, {"end": "00:21:20", "start": "00:21:15", "text": "Oh my gosh, I'm so so dumb sometimes. So"}, {"end": "00:21:22", "start": "00:21:18", "text": "I I realized right before I went to go"}, {"end": "00:21:24", "start": "00:21:20", "text": "claim my fimol loby like claim the"}, {"end": "00:21:26", "start": "00:21:22", "text": "crafting that I almost did what I did"}, {"end": "00:21:27", "start": "00:21:24", "text": "last time and I didn't um I didn't"}, {"end": "00:21:29", "start": "00:21:26", "text": "activate the quest and then I just went"}, {"end": "00:21:31", "start": "00:21:27", "text": "to activate the quest and it says quest"}, {"end": "00:21:33", "start": "00:21:29", "text": "is locked. It says complete previous"}, {"end": "00:21:35", "start": "00:21:31", "text": "directive which if you come up here I"}, {"end": "00:21:37", "start": "00:21:33", "text": "did and so I'm I'm confused. I think"}, {"end": "00:21:39", "start": "00:21:35", "text": "that maybe for some reason these two"}, {"end": "00:21:42", "start": "00:21:37", "text": "quests are flip-flopped cuz this one"}, {"end": "00:21:45", "start": "00:21:39", "text": "doesn't have the quest locked whereas"}, {"end": "00:21:47", "start": "00:21:42", "text": "the other ones do. So for some reason I"}, {"end": "00:21:47", "start": "00:21:45", "text": "think that they're out of order. And so"}, {"end": "00:21:48", "start": "00:21:47", "text": "what I'm going to have to do is I'm"}, {"end": "00:21:51", "start": "00:21:47", "text": "going to have to do doing the right"}, {"end": "00:21:52", "start": "00:21:48", "text": "thing. Um, so if we we're going to"}, {"end": "00:21:54", "start": "00:21:51", "text": "listen to this in a second, but in order"}, {"end": "00:21:55", "start": "00:21:52", "text": "to do so, I'm going to have to craft"}, {"end": "00:21:57", "start": "00:21:54", "text": "some food contracts and a couple other"}, {"end": "00:22:00", "start": "00:21:55", "text": "contracts. So no matter what, I got to"}, {"end": "00:22:02", "start": "00:21:57", "text": "claim my dudes so I can get my crafters"}, {"end": "00:22:03", "start": "00:22:00", "text": "back. So I'm going to have to craft"}, {"end": "00:22:06", "start": "00:22:02", "text": "possibly another pack light in the"}, {"end": "00:22:08", "start": "00:22:03", "text": "future. So um, that's unfortunate. So"}, {"end": "00:22:10", "start": "00:22:06", "text": "anyway, luckily I bought some extra"}, {"end": "00:22:12", "start": "00:22:08", "text": "stuff, right? So we are going to collect"}, {"end": "00:22:13", "start": "00:22:10", "text": "this item. So now we have a packite. And"}, {"end": "00:22:15", "start": "00:22:12", "text": "what I'm going to do is I'm going to"}, {"end": "00:22:17", "start": "00:22:13", "text": "make a fleet. I'm just going to send"}, {"end": "00:22:18", "start": "00:22:15", "text": "this dude out even though he's a cargo"}, {"end": "00:22:19", "start": "00:22:17", "text": "ship. I'm going to have him mine at the"}, {"end": "00:22:21", "start": "00:22:18", "text": "Seagal over here cuz I have no one"}, {"end": "00:22:22", "start": "00:22:19", "text": "mining right now for iron. So, I'm just"}, {"end": "00:22:23", "start": "00:22:21", "text": "going to have him doing that for a"}, {"end": "00:22:24", "start": "00:22:22", "text": "little bit and then I'll I'll utilize"}, {"end": "00:22:27", "start": "00:22:23", "text": "him better in the future. So, um for the"}, {"end": "00:22:28", "start": "00:22:24", "text": "moment, let's do that. All right. I'm"}, {"end": "00:22:31", "start": "00:22:27", "text": "going to name him Fat Albert one"}, {"end": "00:22:33", "start": "00:22:28", "text": "packlet. I'm going to form this fleet."}, {"end": "00:22:35", "start": "00:22:31", "text": "Undock all."}, {"end": "00:22:37", "start": "00:22:33", "text": "Now, to do the automated system, we're"}, {"end": "00:22:38", "start": "00:22:35", "text": "going to go to Fat Albert here. We're"}, {"end": "00:22:41", "start": "00:22:37", "text": "going to enable the route. He's going to"}, {"end": "00:22:42", "start": "00:22:38", "text": "be mining over at what I say Seagal."}, {"end": "00:22:46", "start": "00:22:41", "text": "He's going to come back and dump"}, {"end": "00:22:48", "start": "00:22:42", "text": "everything that he mines over at our CSS"}, {"end": "00:22:50", "start": "00:22:46", "text": "and oh, can he What's it say here? I"}, {"end": "00:22:52", "start": "00:22:48", "text": "forgot to pick a resource. Okay, iron"}, {"end": "00:22:55", "start": "00:22:50", "text": "ore. There we go. All right, so he's all"}, {"end": "00:22:58", "start": "00:22:52", "text": "set. He's running doing some mining at"}, {"end": "00:23:01", "start": "00:22:55", "text": "Seagal. And now over at Steven Seagal"}, {"end": "00:23:05", "start": "00:22:58", "text": "over here. And now let's go over to uh"}, {"end": "00:23:08", "start": "00:23:01", "text": "back to the um quests. Let's go to the"}, {"end": "00:23:10", "start": "00:23:05", "text": "story line. And where is the one that is"}, {"end": "00:23:11", "start": "00:23:08", "text": "open? Right here. So, expand for"}, {"end": "00:23:12", "start": "00:23:10", "text": "details."}, {"end": "00:23:15", "start": "00:23:11", "text": "It takes time to fulfill the opportunity"}, {"end": "00:23:17", "start": "00:23:12", "text": "quest. From tracking down resources to"}, {"end": "00:23:20", "start": "00:23:15", "text": "managing crafting cues, you and your"}, {"end": "00:23:23", "start": "00:23:17", "text": "crew put in real work. You travel, mine,"}, {"end": "00:23:25", "start": "00:23:20", "text": "refine, build, and in the process, you"}, {"end": "00:23:28", "start": "00:23:23", "text": "see more of your faction safe zone than"}, {"end": "00:23:31", "start": "00:23:25", "text": "ever before. Its beauty, its systems,"}, {"end": "00:23:33", "start": "00:23:28", "text": "and its people. For the first time,"}, {"end": "00:23:35", "start": "00:23:31", "text": "Galia starts to feel real. Then the"}, {"end": "00:23:38", "start": "00:23:33", "text": "calms chime."}, {"end": "00:23:41", "start": "00:23:35", "text": "Last vessel nearly complete, Sage says,"}, {"end": "00:23:42", "start": "00:23:38", "text": "her tone lighter. I'll admit, I'm"}, {"end": "00:23:44", "start": "00:23:41", "text": "curious. Hollisim never mentioned"}, {"end": "00:23:46", "start": "00:23:42", "text": "anything beyond the faction. Progression"}, {"end": "00:23:49", "start": "00:23:44", "text": "and specialization quests. I wonder what"}, {"end": "00:23:51", "start": "00:23:46", "text": "he's setting us up for. A second chime."}, {"end": "00:23:54", "start": "00:23:49", "text": "Quest complete."}, {"end": "00:23:58", "start": "00:23:51", "text": "All right, let's see what our reward."}, {"end": "00:23:59", "start": "00:23:54", "text": "She stops. Seconds pass. Nothing"}, {"end": "00:24:02", "start": "00:23:58", "text": "happens."}, {"end": "00:24:04", "start": "00:23:59", "text": "You got to be kidding me. Just XP and a"}, {"end": "00:24:05", "start": "00:24:02", "text": "few Zatlas. We built a fleet from"}, {"end": "00:24:08", "start": "00:24:04", "text": "scratch. The ceremony kids got"}, {"end": "00:24:10", "start": "00:24:05", "text": "blueprints just for showing up. She"}, {"end": "00:24:12", "start": "00:24:08", "text": "starts pacing."}, {"end": "00:24:14", "start": "00:24:10", "text": "First, I'm forced into a physical body."}, {"end": "00:24:16", "start": "00:24:12", "text": "Then, the makeup glitch. Now, emotional"}, {"end": "00:24:21", "start": "00:24:14", "text": "torment from the scenario. Honestly, I"}, {"end": "00:24:24", "start": "00:24:16", "text": "should have chime. You both freeze. New"}, {"end": "00:24:26", "start": "00:24:21", "text": "opportunity quest. A cry for help."}, {"end": "00:24:29", "start": "00:24:24", "text": "Nearby medium risk star bases require"}, {"end": "00:24:33", "start": "00:24:26", "text": "essential goods. Support the effort."}, {"end": "00:24:37", "start": "00:24:29", "text": "deliver 200 food contracts, 200 metal"}, {"end": "00:24:40", "start": "00:24:33", "text": "contracts, 200 plastic contracts. Reward"}, {"end": "00:24:42", "start": "00:24:37", "text": "unlocks a new opportunity quest. Sage"}, {"end": "00:24:44", "start": "00:24:40", "text": "scowls at the prompt. Captain Hollisim"}, {"end": "00:24:47", "start": "00:24:42", "text": "is messing with us. Delivering that many"}, {"end": "00:24:48", "start": "00:24:44", "text": "contracts with a handful of XX small and"}, {"end": "00:24:50", "start": "00:24:47", "text": "X small vessels is going to take"}, {"end": "00:24:52", "start": "00:24:48", "text": "forever. valuable time that could be"}, {"end": "00:24:55", "start": "00:24:50", "text": "used expanding our fleet, building"}, {"end": "00:24:57", "start": "00:24:52", "text": "infrastructure, hunting SDU survey data"}, {"end": "00:25:00", "start": "00:24:55", "text": "units, mining real value, not playing"}, {"end": "00:25:04", "start": "00:24:57", "text": "cargo truck for NPCs. You shake your"}, {"end": "00:25:06", "start": "00:25:00", "text": "head. Even in a sim, captain serve."}, {"end": "00:25:09", "start": "00:25:04", "text": "We're not skipping this. She sigh"}, {"end": "00:25:11", "start": "00:25:06", "text": "already pulling up logistics."}, {"end": "00:25:14", "start": "00:25:09", "text": "Fine. Reuniting the crew, rallying the"}, {"end": "00:25:17", "start": "00:25:11", "text": "fleet, deploying compassion. Hooray for"}, {"end": "00:25:20", "start": "00:25:14", "text": "galactic heroism in virtual space."}, {"end": "00:25:23", "start": "00:25:17", "text": "You nod, stepping back into the hanger."}, {"end": "00:25:24", "start": "00:25:20", "text": "You have a mission, and you're not here"}, {"end": "00:25:26", "start": "00:25:23", "text": "to coast."}, {"end": "00:25:29", "start": "00:25:24", "text": "All right, so it says in the audio it"}, {"end": "00:25:32", "start": "00:25:26", "text": "said 200 food and metal and plastic. Up"}, {"end": "00:25:33", "start": "00:25:29", "text": "here, though, it said I mean down there"}, {"end": "00:25:35", "start": "00:25:32", "text": "it says 50. In the audio, it said 200."}, {"end": "00:25:38", "start": "00:25:33", "text": "And then up here, it says redeem 200,"}, {"end": "00:25:40", "start": "00:25:35", "text": "200, and 200. So, just to be safe, I'm"}, {"end": "00:25:42", "start": "00:25:38", "text": "going to do 200 of each. So, food,"}, {"end": "00:25:45", "start": "00:25:40", "text": "metal, and plastic. So, let's go back to"}, {"end": "00:25:47", "start": "00:25:42", "text": "crafting and we'll do food"}, {"end": "00:25:50", "start": "00:25:45", "text": "contracts. What do we need? We need"}, {"end": "00:25:53", "start": "00:25:47", "text": "biomass for that. And so we want to do"}, {"end": "00:25:53", "start": "00:25:50", "text": "200"}, {"end": "00:25:58", "start": "00:25:54", "text": "200"}, {"end": "00:26:02", "start": "00:25:55", "text": "with 100"}, {"end": "00:26:05", "start": "00:25:58", "text": "81 dudes. It says cannot craft. Why not?"}, {"end": "00:26:06", "start": "00:26:02", "text": "I don't have any biomass. What?"}, {"end": "00:26:08", "start": "00:26:05", "text": "So it's not that I don't have any"}, {"end": "00:26:10", "start": "00:26:06", "text": "biomass. I just don't have enough. The"}, {"end": "00:26:14", "start": "00:26:08", "text": "these contracts take a lot of everything"}, {"end": "00:26:18", "start": "00:26:10", "text": "to actually create. So man. So um go to"}, {"end": "00:26:22", "start": "00:26:14", "text": "crafting. It's um look at this. 3 what"}, {"end": "00:26:24", "start": "00:26:18", "text": "is that? Uh 64 or 94,000 U biomass to"}, {"end": "00:26:26", "start": "00:26:22", "text": "make these food contracts. So I don't"}, {"end": "00:26:27", "start": "00:26:24", "text": "quite have enough yet. Let's look at the"}, {"end": "00:26:31", "start": "00:26:26", "text": "plastic. What do you need for that? Oh"}, {"end": "00:26:33", "start": "00:26:27", "text": "my gosh. Plastic contracts, hydrogen and"}, {"end": "00:26:40", "start": "00:26:31", "text": "carbon."}, {"end": "00:26:43", "start": "00:26:33", "text": "Um man in star base. Let's see. 200."}, {"end": "00:26:44", "start": "00:26:40", "text": "Holy smokes. Look how much you need."}, {"end": "00:26:46", "start": "00:26:43", "text": "Well, guys, I'm going to have to do a"}, {"end": "00:26:48", "start": "00:26:44", "text": "lot more mining. So, here's the metal"}, {"end": "00:26:49", "start": "00:26:46", "text": "contract, what you actually need for 200"}, {"end": "00:26:51", "start": "00:26:48", "text": "of these um of each one of these"}, {"end": "00:26:53", "start": "00:26:49", "text": "contracts. So, I'm just going to have to"}, {"end": "00:26:56", "start": "00:26:51", "text": "save up and uh I'm not going to want to"}, {"end": "00:26:58", "start": "00:26:53", "text": "spend a lot of my raw resources for a"}, {"end": "00:27:00", "start": "00:26:56", "text": "little bit and see if I can collect uh"}, {"end": "00:27:02", "start": "00:26:58", "text": "you know, do 200 of each one of these"}, {"end": "00:27:05", "start": "00:27:00", "text": "contracts, deliver them, and uh yeah,"}, {"end": "00:27:06", "start": "00:27:02", "text": "I'll be back again. This is uh it's a"}, {"end": "00:27:08", "start": "00:27:05", "text": "lot of work to do the story line. No"}, {"end": "00:27:09", "start": "00:27:06", "text": "wonder uh you know, the you know, the"}, {"end": "00:27:11", "start": "00:27:08", "text": "global rank takes a while to get up"}, {"end": "00:27:13", "start": "00:27:09", "text": "there. Um but yeah, we'll keep on"}, {"end": "00:27:15", "start": "00:27:11", "text": "climbing, man. Keep on climbing. Several"}, {"end": "00:27:16", "start": "00:27:13", "text": "days later."}, {"end": "00:27:18", "start": "00:27:15", "text": "All right, guys. So, it's actually been"}, {"end": "00:27:19", "start": "00:27:16", "text": "a few days since I did the last"}, {"end": "00:27:21", "start": "00:27:18", "text": "recording, but um I'm still on the quest"}, {"end": "00:27:23", "start": "00:27:19", "text": "where I have to redeem the 200 food u"}, {"end": "00:27:25", "start": "00:27:21", "text": "metal and plastic contracts. And I"}, {"end": "00:27:26", "start": "00:27:23", "text": "actually redeemed some of my food"}, {"end": "00:27:28", "start": "00:27:25", "text": "contracts that I made the other day, but"}, {"end": "00:27:31", "start": "00:27:26", "text": "I forgot to hit the check-in button"}, {"end": "00:27:32", "start": "00:27:28", "text": "again. Um so, anyway, if we go over to"}, {"end": "00:27:35", "start": "00:27:31", "text": "craftinga,"}, {"end": "00:27:37", "start": "00:27:32", "text": "we can see that I have all the stuff I"}, {"end": "00:27:39", "start": "00:27:35", "text": "need to craft. So, we we are going to"}, {"end": "00:27:41", "start": "00:27:37", "text": "complete those three items."}, {"end": "00:27:44", "start": "00:27:39", "text": "I believe it is 200 and not 50 that we"}, {"end": "00:27:47", "start": "00:27:41", "text": "actually have to redeem. Um, and then so"}, {"end": "00:27:48", "start": "00:27:44", "text": "now I need to fly those over to a medium"}, {"end": "00:27:50", "start": "00:27:47", "text": "risk zone. So what I'm going to do is"}, {"end": "00:27:52", "start": "00:27:48", "text": "I'm going to put them into a fleet and"}, {"end": "00:27:54", "start": "00:27:50", "text": "fly them over to Carmeck. So we're going"}, {"end": "00:27:58", "start": "00:27:52", "text": "to go What are we going to do? Where's"}, {"end": "00:28:00", "start": "00:27:54", "text": "my guy that's crafting over at Hydrogen?"}, {"end": "00:28:04", "start": "00:27:58", "text": "That's Ralph Furley and Stanley Roer."}, {"end": "00:28:06", "start": "00:28:00", "text": "Now, if you guys love sitcoms from the"}, {"end": "00:28:08", "start": "00:28:04", "text": "70s and 80s, you guys might get some of"}, {"end": "00:28:11", "start": "00:28:06", "text": "my jokes of some of my uh my ship names"}, {"end": "00:28:13", "start": "00:28:08", "text": "here. Um, so I'm going to stop this guy"}, {"end": "00:28:15", "start": "00:28:11", "text": "from crafting at the moment, and he is"}, {"end": "00:28:19", "start": "00:28:13", "text": "going to take a trip over to Carmeck and"}, {"end": "00:28:21", "start": "00:28:15", "text": "deliver those contracts. So, um, where"}, {"end": "00:28:25", "start": "00:28:19", "text": "are you here? Da da da. We are going to"}, {"end": "00:28:25", "start": "00:28:21", "text": "stop you from mining."}, {"end": "00:28:30", "start": "00:28:25", "text": "All right. And we are going to dock you"}, {"end": "00:28:33", "start": "00:28:28", "text": "and we're going to check that you're in"}, {"end": "00:28:35", "start": "00:28:30", "text": "the hanger, which you are."}, {"end": "00:28:37", "start": "00:28:33", "text": "And let's see here. We are going to go"}, {"end": "00:28:38", "start": "00:28:35", "text": "to inventory. All right. So, what we're"}, {"end": "00:28:40", "start": "00:28:37", "text": "going to do is we're going to come down"}, {"end": "00:28:41", "start": "00:28:38", "text": "and find those contracts that we just"}, {"end": "00:28:42", "start": "00:28:40", "text": "crafted. We're going to highlight them"}, {"end": "00:28:45", "start": "00:28:41", "text": "right here. And then we just click on"}, {"end": "00:28:47", "start": "00:28:42", "text": "the actual number amount. And that will"}, {"end": "00:28:49", "start": "00:28:45", "text": "autofill um the boxes on the right for"}, {"end": "00:28:51", "start": "00:28:47", "text": "us. And then we are going to go down to"}, {"end": "00:28:53", "start": "00:28:49", "text": "make a fleet selection and click on"}, {"end": "00:28:55", "start": "00:28:51", "text": "Ralph Furley and Stanley Roer and"}, {"end": "00:28:58", "start": "00:28:53", "text": "transfer all those into our fleet. And"}, {"end": "00:29:00", "start": "00:28:55", "text": "then we are going to undock our buddy"}, {"end": "00:29:03", "start": "00:28:58", "text": "right there. And then we are going to"}, {"end": "00:29:05", "start": "00:29:00", "text": "subwarp him over to I wonder if I could"}, {"end": "00:29:07", "start": "00:29:03", "text": "warp."}, {"end": "00:29:09", "start": "00:29:05", "text": "Let's see."}, {"end": "00:29:11", "start": "00:29:07", "text": "Warp."}, {"end": "00:29:12", "start": "00:29:09", "text": "What we'll do is we'll take one quick"}, {"end": "00:29:14", "start": "00:29:11", "text": "warp and then we'll do subwarp the rest."}, {"end": "00:29:15", "start": "00:29:12", "text": "We'll just speed this up a little bit"}, {"end": "00:29:18", "start": "00:29:14", "text": "and then by the time I get over to"}, {"end": "00:29:20", "start": "00:29:15", "text": "Carmeck, um I'll start recording again."}, {"end": "00:29:24", "start": "00:29:18", "text": "20 minutes later. All right, it looks"}, {"end": "00:29:27", "start": "00:29:20", "text": "like uh Ralph and Stanley have now"}, {"end": "00:29:29", "start": "00:29:24", "text": "arrived over at Calmeck. And so um where"}, {"end": "00:29:31", "start": "00:29:27", "text": "are they? Right here. We are going to"}, {"end": "00:29:33", "start": "00:29:29", "text": "dock those babies. All right. And they"}, {"end": "00:29:36", "start": "00:29:31", "text": "are in the hanger. And I'm going to"}, {"end": "00:29:40", "start": "00:29:33", "text": "click on all of these things for them to"}, {"end": "00:29:41", "start": "00:29:36", "text": "unload. Transfer to Starbase. All right."}, {"end": "00:29:43", "start": "00:29:40", "text": "So I have my quest right here. It says"}, {"end": "00:29:45", "start": "00:29:41", "text": "redeem those um all those contracts"}, {"end": "00:29:47", "start": "00:29:43", "text": "right here. So we are going to go over"}, {"end": "00:29:49", "start": "00:29:45", "text": "to the marketplace of Calmeck. Make sure"}, {"end": "00:29:52", "start": "00:29:47", "text": "we are in Calmeck. Yep. at the very top"}, {"end": "00:29:55", "start": "00:29:49", "text": "right here. MRZ29 Calmeck. And let's go"}, {"end": "00:29:56", "start": "00:29:52", "text": "type in food."}, {"end": "00:29:59", "start": "00:29:55", "text": "We have food contracts. Oh, right here."}, {"end": "00:30:02", "start": "00:29:56", "text": "Contracts. We'll just do a little test"}, {"end": "00:30:04", "start": "00:29:59", "text": "right here. I'm going to sell uh we'll"}, {"end": "00:30:06", "start": "00:30:02", "text": "sell 50 just for the heck of it. And"}, {"end": "00:30:08", "start": "00:30:04", "text": "look at that. I get 50 Atlas. So, you"}, {"end": "00:30:09", "start": "00:30:06", "text": "get one Atlas per contract that you"}, {"end": "00:30:14", "start": "00:30:08", "text": "sell. So, that makes it a little bit"}, {"end": "00:30:14", "start": "00:30:09", "text": "worth it, right? All right. Sell."}, {"end": "00:30:19", "start": "00:30:14", "text": "Uh-oh. It's still saying 0% complete. I"}, {"end": "00:30:21", "start": "00:30:17", "text": "have an active story line. Sell all"}, {"end": "00:30:23", "start": "00:30:19", "text": "plastic contracts. Let's see if that"}, {"end": "00:30:26", "start": "00:30:21", "text": "works. Do we have to do it in order? All"}, {"end": "00:30:28", "start": "00:30:23", "text": "right. So, market. Let's try the plastic"}, {"end": "00:30:30", "start": "00:30:26", "text": "one. We have some guy that wants to buy"}, {"end": "00:30:32", "start": "00:30:28", "text": "200. I don't know which is which. Maybe"}, {"end": "00:30:33", "start": "00:30:30", "text": "I sold to the wrong person. Oh, duh. I"}, {"end": "00:30:35", "start": "00:30:32", "text": "definitely want to sell to the one"}, {"end": "00:30:36", "start": "00:30:33", "text": "that's one. Okay. So, that was someone"}, {"end": "00:30:41", "start": "00:30:35", "text": "that's trying to trick us. So, we'll"}, {"end": "00:30:44", "start": "00:30:36", "text": "just again try 50. We get 50 Atlas."}, {"end": "00:30:46", "start": "00:30:41", "text": "So, let's sell the rest. All right."}, {"end": "00:30:50", "start": "00:30:44", "text": "We're going to check in"}, {"end": "00:30:52", "start": "00:30:46", "text": "now. It says fill all metals contracts."}, {"end": "00:30:55", "start": "00:30:50", "text": "All right."}, {"end": "00:30:57", "start": "00:30:52", "text": "All right. We'll go to sell max."}, {"end": "00:30:58", "start": "00:30:55", "text": "Sweet."}, {"end": "00:31:02", "start": "00:30:57", "text": "And it looks like I already got the food"}, {"end": "00:31:05", "start": "00:30:58", "text": "one. So, it says complete quest."}, {"end": "00:31:08", "start": "00:31:02", "text": "Nice."}, {"end": "00:31:10", "start": "00:31:05", "text": "There we go, man. 95,000 XP and an extra"}, {"end": "00:31:13", "start": "00:31:08", "text": "33 atlas. Sweet. All right. Next, it"}, {"end": "00:31:14", "start": "00:31:10", "text": "says, \"Transport two crew members um"}, {"end": "00:31:16", "start": "00:31:13", "text": "from your central space station to the"}, {"end": "00:31:17", "start": "00:31:14", "text": "medium.\" Gez, I wish I read that first"}, {"end": "00:31:19", "start": "00:31:16", "text": "cuz I could have done that both of those"}, {"end": "00:31:20", "start": "00:31:17", "text": "at once and gotten those crew members"}, {"end": "00:31:22", "start": "00:31:19", "text": "there. So, I'm going to send Ralph and"}, {"end": "00:31:24", "start": "00:31:20", "text": "Stanley back to the central space"}, {"end": "00:31:27", "start": "00:31:22", "text": "station, grab two crew members, and then"}, {"end": "00:31:30", "start": "00:31:24", "text": "bring them back to um Carmeck here or"}, {"end": "00:31:31", "start": "00:31:27", "text": "Calmeck. I guess it's just KCK. So, I'll"}, {"end": "00:31:33", "start": "00:31:30", "text": "see you guys soon"}, {"end": "00:31:35", "start": "00:31:31", "text": "later that same evening."}, {"end": "00:31:38", "start": "00:31:33", "text": "All right, my fleet made it back to Nuno"}, {"end": "00:31:39", "start": "00:31:35", "text": "and I'm going to dock it. I am going to"}, {"end": "00:31:42", "start": "00:31:38", "text": "I'm in the hanger now and I'm going to"}, {"end": "00:31:44", "start": "00:31:39", "text": "hit on passengers and I'm going to"}, {"end": "00:31:46", "start": "00:31:42", "text": "change this number to you need you need"}, {"end": "00:31:47", "start": "00:31:44", "text": "16 crew in the fleet to actually like"}, {"end": "00:31:49", "start": "00:31:46", "text": "operate the fleet. So I'm going to"}, {"end": "00:31:53", "start": "00:31:47", "text": "change this number to 18"}, {"end": "00:31:56", "start": "00:31:49", "text": "and then I can hit finalize passenger"}, {"end": "00:31:58", "start": "00:31:53", "text": "manifest. That means I have two extra um"}, {"end": "00:32:02", "start": "00:31:56", "text": "crew members in my fleet. And now I can"}, {"end": "00:32:05", "start": "00:31:58", "text": "send our boys back to um Kamk where we"}, {"end": "00:32:07", "start": "00:32:02", "text": "were before. So, I'll undock it"}, {"end": "00:32:10", "start": "00:32:05", "text": "and we are going to subwarp it back to"}, {"end": "00:32:12", "start": "00:32:07", "text": "Kamik."}, {"end": "00:32:13", "start": "00:32:10", "text": "Start subworp. And what I realiz is we"}, {"end": "00:32:15", "start": "00:32:12", "text": "never listened to our space girlfriend"}, {"end": "00:32:16", "start": "00:32:13", "text": "describe this quest. So, while we're"}, {"end": "00:32:18", "start": "00:32:15", "text": "waiting for that to go back, let's"}, {"end": "00:32:20", "start": "00:32:16", "text": "listen to what she has to say."}, {"end": "00:32:22", "start": "00:32:18", "text": "Even if the people you helped aren't"}, {"end": "00:32:24", "start": "00:32:20", "text": "real, you can't help but be moved by"}, {"end": "00:32:26", "start": "00:32:22", "text": "their reaction. When you deliver the"}, {"end": "00:32:28", "start": "00:32:24", "text": "final bundle of contracts, the small"}, {"end": "00:32:31", "start": "00:32:26", "text": "crowd thanks you. citizens of all ages"}, {"end": "00:32:34", "start": "00:32:28", "text": "and species, cheering, thanking, some"}, {"end": "00:32:36", "start": "00:32:31", "text": "crying over what in truth is so little."}, {"end": "00:32:37", "start": "00:32:34", "text": "It takes you back to your youth, to the"}, {"end": "00:32:39", "start": "00:32:36", "text": "days when emissaries of the Council of"}, {"end": "00:32:41", "start": "00:32:37", "text": "Peace or volunteers from the Order of"}, {"end": "00:32:44", "start": "00:32:39", "text": "Patra came to your world with crates of"}, {"end": "00:32:47", "start": "00:32:41", "text": "aid and voices full of promises. You"}, {"end": "00:32:49", "start": "00:32:44", "text": "feel right like this is what the job was"}, {"end": "00:32:51", "start": "00:32:47", "text": "supposed to be. Not grinding for Atlas"}, {"end": "00:32:55", "start": "00:32:49", "text": "or competing in faction polics, but"}, {"end": "00:32:56", "start": "00:32:51", "text": "helping, restoring, serving. As the last"}, {"end": "00:32:58", "start": "00:32:55", "text": "delivery logs into the Starbase"}, {"end": "00:33:02", "start": "00:32:56", "text": "manifest, a soft chime cuts through the"}, {"end": "00:33:03", "start": "00:32:58", "text": "air. You were expecting it this time."}, {"end": "00:33:05", "start": "00:33:02", "text": "Sage pretends she's busy scanning a"}, {"end": "00:33:08", "start": "00:33:03", "text": "cargo list, her golden silhouette turned"}, {"end": "00:33:12", "start": "00:33:05", "text": "away, but you know she's listening. The"}, {"end": "00:33:16", "start": "00:33:08", "text": "reward screen flashes. XP Zatlas and"}, {"end": "00:33:17", "start": "00:33:12", "text": "something else. An invitation one. You"}, {"end": "00:33:20", "start": "00:33:16", "text": "don't even get to open it before Sage"}, {"end": "00:33:22", "start": "00:33:17", "text": "speaks. Voice calm but clearly on edge."}, {"end": "00:33:24", "start": "00:33:20", "text": "Okay, Captain. There's something I"}, {"end": "00:33:26", "start": "00:33:22", "text": "probably should have told you earlier."}, {"end": "00:33:29", "start": "00:33:24", "text": "If you die in this simulation, you'll"}, {"end": "00:33:30", "start": "00:33:26", "text": "feel it. All of it. The pain, the"}, {"end": "00:33:33", "start": "00:33:29", "text": "trauma, real enough to knock you out for"}, {"end": "00:33:35", "start": "00:33:30", "text": "a while. Hollisim won't boot you, but"}, {"end": "00:33:39", "start": "00:33:33", "text": "you'll need recovery time. And this"}, {"end": "00:33:39", "start": "00:33:35", "text": "invitation, it's weird, shady, and I"}, {"end": "00:33:41", "start": "00:33:39", "text": "don't like it."}, {"end": "00:33:43", "start": "00:33:39", "text": "Yo, man, I don't like it either."}, {"end": "00:33:45", "start": "00:33:41", "text": "She finally turns to face you, but I"}, {"end": "00:33:49", "start": "00:33:43", "text": "know you're going to accept it anyway,"}, {"end": "00:33:51", "start": "00:33:45", "text": "so at least don't go in alone. You nod,"}, {"end": "00:33:54", "start": "00:33:49", "text": "even if it's nothing. There's no harm in"}, {"end": "00:33:57", "start": "00:33:51", "text": "being cautious. She continues, \"I've"}, {"end": "00:33:57", "start": "00:33:54", "text": "seeded"}, {"end": "00:34:03", "start": "00:33:59", "text": "open the fleet stats, click the"}, {"end": "00:34:05", "start": "00:34:01", "text": "passengers tab, and select add"}, {"end": "00:34:07", "start": "00:34:03", "text": "passenger. Load them up and bring them"}, {"end": "00:34:09", "start": "00:34:05", "text": "here back to the star base where we"}, {"end": "00:34:10", "start": "00:34:07", "text": "delivered the contracts."}, {"end": "00:34:13", "start": "00:34:09", "text": "She pauses."}, {"end": "00:34:15", "start": "00:34:10", "text": "They're loyal, trained. They'll keep"}, {"end": "00:34:17", "start": "00:34:13", "text": "their eyes open while you do. Whatever"}, {"end": "00:34:20", "start": "00:34:15", "text": "this is, I'll stay behind. Watch your"}, {"end": "00:34:23", "start": "00:34:17", "text": "back from the sky. Don't worry. I've got"}, {"end": "00:34:25", "start": "00:34:20", "text": "a few tricks of my own left, too. She"}, {"end": "00:34:27", "start": "00:34:23", "text": "steps aside, giving you the space to"}, {"end": "00:34:29", "start": "00:34:25", "text": "move."}, {"end": "00:34:32", "start": "00:34:27", "text": "Good luck, Captain. I still think this"}, {"end": "00:34:35", "start": "00:34:29", "text": "is a mistake, but I told you before."}, {"end": "00:34:37", "start": "00:34:32", "text": "Where you go, I follow."}, {"end": "00:34:39", "start": "00:34:35", "text": "All right. So, uh, yeah. So, our boys"}, {"end": "00:34:41", "start": "00:34:37", "text": "are on their way back, and I'll check in"}, {"end": "00:34:43", "start": "00:34:39", "text": "as soon as they get there."}, {"end": "00:34:44", "start": "00:34:41", "text": "Eventually."}, {"end": "00:34:46", "start": "00:34:43", "text": "All right. Ralph and Stanley are there"}, {"end": "00:34:50", "start": "00:34:44", "text": "with the two um over at Kamik with the"}, {"end": "00:34:53", "start": "00:34:46", "text": "two passengers. So, let's dock."}, {"end": "00:34:54", "start": "00:34:50", "text": "And I can't remember. I don't usually uh"}, {"end": "00:34:56", "start": "00:34:53", "text": "move passengers around. Let's see if I"}, {"end": "00:34:57", "start": "00:34:54", "text": "can figure this out. Let's go"}, {"end": "00:35:03", "start": "00:34:56", "text": "passengers."}, {"end": "00:35:05", "start": "00:34:57", "text": "Um so just two disembark."}, {"end": "00:35:08", "start": "00:35:03", "text": "Or maybe we just go 16. Is that what we"}, {"end": "00:35:08", "start": "00:35:05", "text": "do?"}, {"end": "00:35:12", "start": "00:35:09", "text": "All right. I'm going to change it my"}, {"end": "00:35:14", "start": "00:35:10", "text": "ship count to 16. So I should have two"}, {"end": "00:35:16", "start": "00:35:12", "text": "passengers there. Oh, yep. It looks like"}, {"end": "00:35:19", "start": "00:35:14", "text": "I did it cuz now I can claim that"}, {"end": "00:35:22", "start": "00:35:16", "text": "reward. 100,000 XP"}, {"end": "00:35:25", "start": "00:35:19", "text": "plus some more Atlas. Man, we are"}, {"end": "00:35:27", "start": "00:35:22", "text": "cruising now. We're level 18. We're in"}, {"end": "00:35:28", "start": "00:35:25", "text": "the top 200 for the global rank. And you"}, {"end": "00:35:30", "start": "00:35:27", "text": "know what, guys? I think I'm going to"}, {"end": "00:35:31", "start": "00:35:28", "text": "end this video here. Thank you guys so"}, {"end": "00:35:33", "start": "00:35:30", "text": "much for watching. Make sure you're"}, {"end": "00:35:35", "start": "00:35:31", "text": "subscribed and I'm going to keep on"}, {"end": "00:35:36", "start": "00:35:33", "text": "doing this uh storyline playthrough cuz"}, {"end": "00:35:38", "start": "00:35:35", "text": "I figured it might help some people that"}, {"end": "00:35:40", "start": "00:35:36", "text": "get stuck on certain uh certain"}, {"end": "00:35:41", "start": "00:35:38", "text": "storyline missions. So, you know, I'm"}, {"end": "00:35:43", "start": "00:35:40", "text": "doing it anyway. I might as well keep"}, {"end": "00:35:45", "start": "00:35:41", "text": "recording it. So, make sure you are"}, {"end": "00:35:47", "start": "00:35:43", "text": "subscribed. I'll talk to you guys in the"}, {"end": "00:35:50", "start": "00:35:45", "text": "next one. Make sure you hit the like"}, {"end": "00:35:50", "start": "00:35:47", "text": "button, too. Bye."}]